TC Res. No. 1999-54RESOLUTION NO. 99-54
SERIES OF 1999
A RESOLUTION TO AMEND THE 1999 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES AND
AMENDING THE 1999 CAPITAL PROJECTS FUND BUDGET FOR THE TOWN OF
AVON, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST
DAY OF JANUARY, 1999, AND ENDING ON THE LAST DAY OF DECEMBER,
1999.
WHEREAS, the Town Council of the Town of Avon has adopted the 1999
Capital Projects Fund budget; and
WHEREAS, the Town Council has reviewed the revised estimated revenues and
expenditures for 1999; and
WHEREAS, the Town Council finds it necessary to amend the 1999, Capital
Projects Fund budget to more accurately reflect the revenues and expenditures for 1999;
and
WHEREAS, whatever increases may have been made in the expenditures, like
increases were added to the revenues so that the budget remains in balance as required by
law.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF AVON, COLORADO:
Section 1. That estimated revenues and expenditures for the Capital Projects
Fund is revised as follows for 1999:
Original or
Previously
Amended
1999
Budget
Capital Projects Fund
Beginning Fund Balance $ 6,031,173
Revenues and Other Sources 2,133,137
Expenditures and Other Uses 6,145,602
Current
Proposed
Amended
1999
Bud et
$ 6,031,173
2,583,137
6,375,602
Ending Fund Balance $ 2,018,708 $ 2,238,708
Section 2. That the Capital Projects Fund budget, as submitted, amended, and
hereinabove summarized, hereby is approved and adopted as the budget of the Town of
Avon for the year stated above.
Section 3. That the Capital Projects Fund budget hereby approved, amended, and
adopted shall be signed by the Town Manager and made part of the public record of the
Town.
ADOPTED this 23' day of November, 1999. .
TOWN OF AVON, COLORADO
J Yodcff, yor
2
Capital Projects Fund #41
Final Amended Budget #2 -1999
u'rTd
u~nma a
Original or
Current
Prev. Amend.
Proposed
Difference
Actual
Actual
Budget
Amendment
Increase
1997
1998
1999
1999
(Decrease)
REVENUES
Taxes
$ 1,543,707
$ 1,950,670
$ 1,300,000
$ 1,750,000
$ 450,000
Intergovernmental
1,221,305
607,869
300,000
300,000
-
Investment Earnings
162,915
125,804
137,801
137,801
-
Other Revenue
3,439
73,969
30,500
30,500
-
Total Operating Revenues
2,931,366
2,758,312
1,768,301
2,218,301
450,000
Other Sources:
Transfers In from Other Funds
-
2,059,507
250,836
250,836
-
Capital Lease Proceeds
-
114,000
114,000
114,000
-
Bond Proceeds
3,619,721
7,003,566
-
-
-
TOTAL REVENUES
6,551,087
11,935,385
2,133,137
2,583,137
450,000
EXPENDITURES
Capital Improvements:
Facilities
80,104
4,965,193
4,718,537
4,718,537
-
Land and Land Improvements
173,439
128,966
-
230,000
230,000
Roads and Streets
4,885,342
1,565,150
1,031,500
1,031,500
-
Recreation
-
-
-
-
-
Strategic Planning
26,195
44,537
52,500
52,500
-
Communications
23,784
-
239,939
239,939
-
Other
3,750
1,500
6,000
6,000
-
Debt Service:
Principal
50,000
397,321
80,935
80,935
-
Interest
3,750
-
-
-
-
Bond Issuance Costs
116,461
236,187
-
-
-
Total
5,362,825
7,338,854
6,129,411
6,359,411
230,000
Other Uses
Operating Transfer-Out to Debt Service
-
563,570
-
-
-
Operating Transfer Out to Wildridge S.I.D.
18,151
17,171
16,191
16,191
-
TOTAL EXPENDITURES
5,380,976
7,919,595
6,145,602
6,375,602
230,000
NET SOURCE (USE) OF FUNDS
1,170,111
4,015,790
(4,012,465)
(3,792,465)
220,000
FUND BALANCE, Beginning of Year
845,272
2,015,383
6,031,173
6,031,173
-
FUND BALANCE, End of Year
$ 2,015,383
$ 6,031,173
$ 2,018,708
$ 2,238,708
$ 220,000
Page 1
Capital Projects Fund #41
Final Amended Budget #2 -1999
G1P Pro n. ory -a-
Original nal or Current
Prev. Amend. Proposed Difference
Account Actual Actual Budget Amend. Budget Increase
Number Description 1997 1998 1999 1999 (Decrease)
CAPITAL IMPROVEMENT PROJECTS
Facilities:
11001
Municipal Building Improvements
3,626
WA
Municipal Building Rock Work
9,867
12001
Fire Station Expansion/Remodel
-
13001
Swift Gulch Facility
66,611
13002
Pump House and Picnic Shelter
-
13003
Park Equipment Storage
-
Land and Land Improvements:
Parks:
21001
Pocket Parks
2,699
N/A
Lot 16
170,740
21002
Garton Property
-
Roads and Streets:
Streetscape:
31001
Streetscape Planning
-
31002
W. Beaver Creek Blvd.
-
Street Improvements:
32001
Paving/Road Improvements
153,871
32002
W. Beaver Creek Blvd. RR Crossing
-
32003
Chapel Square Reimbursement
-
Multi-ModallAltemative Mobility
34001
Sidewalks
30,675
34002
East Avon Access and Circulation Implementation
-
34003
Roundabout Pedestrian Crosswalk Improvements
-
34004
Eagle River Bikepath
-
35001
Roundabouts
4,700,796
36001
Public Art Work
-
Recreation:
51001
Nottingham Park Basketball Court
-
Strategic Planning:
71001
Development Analysis and Review
19,945
79001
Planning and Consulting
6,250
Communications:
81001
800 Mhz Radio System
-
N/A
Telecommunications Study
23,784
Other:
363,669 - -
- 18,000 18,000 -
4,240,472 4,400,537 4,400,537 -
361,052 - - -
- • 300,000 300,000 -
128,966 - - -
230,000 230,000
41,178, - - _
- 45,000 45,000 -
181,308 186,000 186,000 -
51,344 - - -
- 200,000 200,000 -
- 20,000
- 165,000
- 139,000
- 34,500
1,155,320 -
136,000 242,000
20,000
165,000
139,000
34,500
242,000
20,768 27,500
27,500 -
23,769 25,000
25,000 -
- 239,939
239,939 -
91001 Fireplace Conversions 3,750 1,500 6,000 6,000 -
Total Capital Improvement Projects $ 5,192,614 $ 6,705,346 $ 6,048,476 $ 6,278,476 $ 230,000
Page 3
Capital Projects Fund #41
Final Amended Budget #2 -1999
Reen 996%111
,
Original or
Current
Prev. Amend.
Proposed
Difference
Account
Actual
Actual
Budget
Amendment
Increase
Number Description
1997
1998,
1999
1999
(Decrease)
Taxes:
51401 Real Estate Transfer Tax
$ 1,543,707 $
1,950,670
$ 1,300,000
$ 1,750,000
$ 450,000
51000 Total Taxes
1,543,707
1,950,670
1,300,000
1,750,000
450,000
Intergovernmental:
Federal Grants:
53102 OEC Grant
Subtotal: Federal Grants
State Grants:
53201 CDOT
Subtotal: State Grants
Local Government/Other Agency:
53401 Avon Village
53401 Beaver Creek Metro District
53401 Bachelor Gulch/Smith Creek
53401 Arrowhead
53401 Eagle River Water & Sanitation District
Subtotal: Local Government/Other Agency
53000 Total Intergovernmental
Investment Earnings:
57101 Interest Earnings
57000 Total Investment Earnings
Other Revenues:
58102 Utility Capital Facility Fees
58103 Fireplace Fees
58999 Miscellaneous Nonclassified Revenues
58000 Total Other Revenues
Other Sources:
59201
Transfer In from Other Funds
59301
General Obligation Bond Proceeds
59303
Capital Lease Proceeds
59304
Certificates of Participation Proceeds
59000 Total Other Sources
50000 TOTAL REVENUES
40,000 - - - -
40,000 - - - -
268,000 89,319 - - -
268,000 89,319 - - -
-
- 300,000 300,000 -
578,691
283,798 - - -
143,874
199,293 - - -
70,910
35,459 - - -
119,830
- - -
913,305
518,550 300,000 300,000 -
1,221,305
607,869 300,000 .300,000 -
162,915 125,804 137,801 137,801
162,915 125,804 137,801 137,801 -
1,017
1,696
2,000
2,000 -
1,500
4,500
6,000
6,000 -
922
67,773
22,500
22,500 -
3,439
73,969
30,500
30,500 -
- 2,059,507 250,836 250,836 -
3,619,721 - - - -
- 114,000 114,000 114,000 -
- 7,003,566 - - -
3,619,721 9,177,073 364,836 364,836 -
$ 6,551,087 $ 11,935,385 $ 2,133,137 $ 2,583,137 450,000
Page 2