TC Res. No. 2000-23RESOLUTION NO. 00-23
SERIES OF 2000
A RESOLUTION TO AMEND THE 2000 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY
FUND AND AMENDING THE 2000 BUDGET FOR THE TOWN OF AVON,
COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF
JANUARY, 2000, AND ENDING ON THE LAST DAY OF DECEMBER, 2000.
WHEREAS, the Town Council of the Town of Avon has adopted the 2000
budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for 2000; and
WHEREAS, the Town Council finds it necessary to amend the 2000 budget to
more accurately reflect the revenues and expenditures for 2000; 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 following fund is as
follows for 2000:
Original or
Previously
Amended
2000
Budget
Capital Projects Fund
Beginning Fund Balance $ 3,350,910
Revenues and Other Sources 1,844,093
Expenditures and Other Uses 2,779,419
Ending Fund Balance $ 2,415,584
Current
Proposed
Amended
2000
Budget
$ 3,351,242
1,844,093
3,009,419
$ 2,185,916
Section 2. That the budget, as submitted, amended, and hereinabove summarized
by fund, hereby is approved and adopted as the budget of the Town of Avon for the year
stated above.
Section 3. That the budget hereby approved and adopted shall be signed by the
Town Manager and made part of the public record of the Town.
ADOPTED this 23'd day of May 2000.
TOWN OF AVON, COLORADO
J Yoder a r
2
Capital Projects Fund #41
Amended Budget #2
Fund"''_Summary
Original or
Current
Actual
Prev. Amend.
Proposed Difference
Actual 1999
Budget
Amendment Increase
1998 (Unaudited)
2000
2000 (Decrease)
REVENUES
Taxes
Intergovernmental
Investment Earnings
Other Revenue
Total Operating Revenues
Other Sources:
Transfer In from Other Funds
Bond Proceeds
Capital Lease Proceeds
TOTAL REVENUES
EXPENDITURES
Capital Improvements:
Facilities
Land and Land Improvements
Roads and Streets
Recreation
Strategic Planning
Communications
Other
Debt Service:
Capital Lease Payments
$ 1,950,670
$ 2,253,373
$ 1,050,000
1,050,000 $ -
607,869
200,000
670,000
670,000 -
125,804
137801
113,093
113,093 -
73,969
35,183
11,000
11,000
2,758,312 2,626,357 1,844,093 1,844,093 -
2,059,507 250,836 - - -
7,085,000 - - - -
114,000 225,954 - -
12,016,819 3,103,147 1,844,093 1,844,093 -
4,965,193
4,652,394
255,218
255,218 -
128,966
2,091
227,909
227,909 -
1,565,150
851,523
1,841,665
2,071,665 230,000
-
-
185,000
185,006 -
44,537
38,085
25,000
25,000 -
-
139,939
100,000
100,000 -
1,500
2,250
6,000
6,000 -
397,321 80,605 123,416 123,416 -
Total 7,102,667 5,766,887 2,764,208 2,994,208 230,000
Other Uses
Bond Issuance Costs 317,621 - - -
Operating Transfer-Out to Debt Service Fund 563,570 - - - -
Operating Transfer-Out to Wildridge S.I.D. 17,171 16,191 15,211 15,211 -
TOTAL EXPENDITURES
8,001,029
5,783,078
2,779,419
3,009,419
230,000
NET SOURCE (USE) OF FUNDS
4,015,790
(2,679,931)
(935,326)
(1,165,326)
(230,000)
FUND BALANCE, Beginning of Year 2,015,383 6,031,173 3,350,910 3,351,242 332
FUND BALANCE, End of Year $ 6,031,173 $ 3,351,242 $ 2,416,584 $ 2,185,916 $ (229,668)
Page 1
Capital Projects Fund #41
Amended Budget #2
CIP Projogts;Went
Original or Current
Prev. Amend. Proposed Difference
Account Actual Actual Budget Amendment Increase
Number Description 1998 1999 2000 2000 (Decrease)
CAPITAL IMPROVEMENT PROJECTS
Facilities:
11001
Municipal Building Improvements
12001
Fire Station Expansion/Remodel
13001
Swift Gulch Facility
13002
Pump House and Picnic Shelter
13003
Park Equipment Storage
Land and Land Improvements:
Parks:
21001
Pocket Parks
21002
Garton Property
Roads and Streets:
Streetscape:
31001
Streetscape Planning
31002
W. Beaver Creek Blvd.
31003
Wildridge Entry Sign
31004
Nottingham Rd. Imp., 1-70 to Buck Creek
31005
Nottingham Rd. Imp., Buck Creek to end
Street Improvements:
32001
Paving/Road Improvements
32002
W. Beaver Creek Blvd Railroad Crossing
32003
Chapel Square Reimbursement
32004
E. Beaver Creek Blvd. Improvements
Multi-Modal/Altemative Mobility:
34001
Sidewalks
34002
East Avon Access and Circulation
34003
Roundabout Pedestrian Crosswalk Improvemen
34004
Eagle River Bikepath
34005
Eagle River Bikepath - Beaver Creek Blvd to Cc
35001
Roundabouts:
36001
Public Art Work
Recreation:
51001
Nottingham Park Basketball Court
Strategic Planning:
71001
Development Analysis and Review
79001
Planning and Consulting
Communications:
81001
800Mhz Radio System
Other.
91001
Fireplace Conversions
Total Capital Improvement Projects
$ 363,669
$ - $
- $
- $ -
-
17,444
187,000
187,000
-
4,240,472
4,332,319
68,218
68,218 -
361,052
-
-
- -
-
302,631
-
-
128,966
-
-
- -
-
2,091
227,909
227,909 -
41,178
-
-
- -
-
38,979
655,000
885,000 230,000
-
-
104,000
104,000 -
-
-
195,000
195,000 -
-
-
200,000
200,000
-
181,308
140,002
90,000
-
90,000
51,344
-
-
- -
-
150,000
50,000
50,000 -
-
-
90,000
90,000 -
-
19,428
-
- -
-
120,947
110,000
110,000 -
-
134,914
-
- -
-
10
292,665
292,665 -
-
-
55,006
55,000 -
1,155,320
-
-
- -
136,000
247,243
-
- -
-
-
185,000
185,000 -
20,768
34,701
-
- -
23,769
3,384
25,000
25,000 -
-
139,939
100,000
100,000 -
1,500 2,250 6,000 6,000 -
$ 6,705,346 $ 5,686,282 $ 2,640,792 $ 2,870,792 $ 230,000
Page 2
Menlo
To:
Thru:
From:
Date:
Re:
Honorable Mayor and Town Council
Bill Efting, Town Manager
Norm Wood, Town Engineer
May 13, 2000
West Beaver Creek Blvd. - Streetscape Improvements
Revised Project Cost Estimate and Budget
Summary: The following Project Cost Estimate and recommended
Budget is-based ' on the latest available information including construction bids, material
testing proposal and contract administration services proposal. Construction Bids were
received May 12, 2000 and the low bid submitted is included in the following cost
estimate; along with estimated costs from proposals received for material testing and
contract administration services. Details regarding construction bids and proposals for the
other services will be submitted separately with recommendations for action pending
approval of a revised project budget. The current project budget is $655,000. 'A revised
project budget of $885,000 is recommended with a cost breakdown as follows:
Construction
$ 627,915
Engineering (Design)
9596
Easement - Survey/Title/Appraisals
23,550
Easement - Acquisition
82,733
Contract Administration
27,840
Construction Testing
30,000
Public Relations & Administration
2,500
Contingencies
80,866
Total Estimated Project Cost
$ 885,000
It should be noted that the actual cost of some of the above items may vary from this
estimate, but we believe the recommended contingency will be adequate to cover any
potential cost increases.
C:\DOCUME-I\Swright.TOA\LOCALS-I\Temp\Memo Cost Est RevlDoc 1
We recommend approval of a West Beaver Creek Boulevard Street Improvements Project
Budget increase from $655,000 to $885,000 with the additional funds to be derived from
the Capital Projects Fund Balance.
Town Manager Comments:
C:\DOCUME-1\Swright.TOA\LOCALS-1\Temp\Memo Cost Est Rev2.Doc
Town of Avon
Memo
Ta. Honorable Mayor and Town Council
Thm: Bill Efting, Town Manager
Frorm Scott Wright, Finance Director QW-~~
Date: May 17, 2000
Re: Resolution 00-23, Budget Amendment
SuenrnarSl:
A budget amendment is proposed for the 2000 budget for the following item:
Capital Projects Fund
An increase to the W. Beaver Creek Blvd. Streetscape Improvement Project in the amount of
$230,000. Please see the attached memorandum from Norm Wood regarding the W. Beaver.
Creek Blvd: Streetscape Improvement Project revised project estimates.
Recommendation:
Staff recommends that Council adopt the resolution discussed above as presented.
Town Nhumer Comments:
Attachme
A - Resolution 00-23
B - Memo from Norm Wood
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