TC Res. No. 2000-52RESOLUTION NO. 00-52
SERIES OF 2000
A RESOLUTION TO AMEND THE 2000 TOWN OF AVON BUDGET
.A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES AND
AMENDING THE 2000 CAPITAL PROJECTS FUND 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
Capital Projects Fund budget; and
WHEREAS, the Town Council has reviewed the revised estimated revenues and
expenditures for 2000; and
WHEREAS, the Town Council finds it necessary to amend the 2000 Capital
Projects Fund 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 Capital Projects
Fund is revised as follows for 2000:
Original or
Previously
Amended
2000
Budget
Capital Projects Fund
Beginning Fund Balance $ 3,351,242
Revenues and Other Sources 1,844,093
Expenditures and Other Uses _ 3,009,419
Ending Fund Balance $ 2„185,916
Current
Proposed
Amended
2000
Budget
$ 3,351,242
2,436,200
2,730,154
$ 3,057,288
1
Section 2. That the Capital Projects Fund budget, as submitted, amended, and
hereinabove summarized, hereby is approved and adopted as the capital program 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 14' day of November, 2000.
TOWN OF AVON, COLORADO
J Yode r
ATTEST:
Khtten Nash
Town Clerk
2
Capital Projects Fund #41
Final Amended Budget
Fund~,Summary
Original or
Current
Prev. Amend.
Proposed Difference
Actual Actual Budget
Amendment Increase
1998 1999. 2000
2000 (Decrease)
REVENUES
Taxes
$ 1,950,670
$ 2,253,373
$ 1,050,000
1,600000
$ 550,000
Intergovernmental
607,869
200,000
670,000
620,000
(50,000)
Investment Earnings
125,804
137,801
113,093
160,200
47,107
Other Revenue ,
73,969
35,183.
11,000
11,000
-
Total Operating Revenues
2,758,312
2,626,357
1,844,093
2,391,200
547,167
Other Sources:
Transfer.ln from Other Funds
2,059,507
250,836
-
45,000
45,000
Bond Proceeds.
7,085,000
-
-
-
-
Capital Lease Proceeds
114,600
225,954
-
-
-
TOTAL REVENUES
12,016,819
3,103,147
1,844,093
2,436,200
.592,107
EXPENDITURES
Capital Improvements:
Facilities
4,965,193
4,652,394
255,218
236,218
(19,000)
Land and Land Improvements
128,966
2,091
227,909
227,909
-
Roads and Streets
1,565,150
851,523
2,071,665
1,734,000
(337,665)
Recreation
-
-
185,000
217,400
32,400
Stormwater and Drainage
-
-
-
45,000
45,000
Strategic Planning
44,537
38,085
25,000
25,000
-
Communications
-
139,939
100,000
106,000
-
Other
1,500
2,250
6,000
6,000
-
Debt Service:
Capital Lease Payments
397,321
80,605
123,416
123,416
-
Total
7,102,667
5,766,887
2,994,208
2,714,943
(279,265)
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.
3,009,419
2,730,154
(279,265)
NET SOURCE (USE) OF FUNDS
4,015,790
(2,679,931)
(1,165,326)
(293,954)
871,372
FUND BALANCE, Beginning of Year 2,015,383 6,031,173 3,351,242 3,351,242 -
FUND BALANCE, End of Year $ 6,031,173 $ 3,351,242 $ 2,185,916 $ 3,057,288 $ 871,372
Page 1
Capital Projects Fund #41
Final Amended Budget
ReVkq-y: Delta I
Original or
Current
Prev. Amend.
Proposed
Difference,
Account
Actual
Actual
Budget
Amendment
Increase
Number _ Description
1998
1999
2000
2000
(Decrease). -
- - Taxes:
51401 Real Estate Transfer Tax
$ 1,950,670
$ 2,253,373
$ 1,050,000
$ 1,600,000
$ 550,000
51000 Total Taxes
1,950,670
2,253,373
1,050,000
1,600,000-
550,000
Intergovernmental:
State Grants:
53201
CDOT
89,319
-
80,000
80,000
Subtotal: State Grants
89,319
-
80,600
80,000
-
Local Government/Other Agency:
53401
Beaver Creek Metro District L
270,004
-
-
-
-
53401
Bachelor Gulch/Smith Creek
213,087
-
-
-
-
53401
Arrowhead
35,459
-
-
-
-
53401
Avon Village
-
200,000
390;000
390,000
-
53401
ECO (Tr7ails Grant)
-
-
200,000
150,000
(50,000)
Subtotal: Local Government/Other Agency
518,550
200,000
590,000
540,000
(50,000),
53000
Total Intergovernmental
607,869
200,000
670,000
620,000
(5 ,WO)
Investment Earnings:
57101
Interest Earnings
125,804
137,801
113,093
160,200
47,107
57000
Total Investment Earnings
125,804
137,801
113,093
160,200
47,107
Other Revenues:
58102
Utility Capital Facility Fees
1,696
733
2,000
2,000
-
58104
Fireplace Fees
4,500
3,000
9,000
9,000
-
58999
Miscellaneous Nonclassified Revenues
67,773
31,450
-
-
-
58000
Total Other Revenues
73,969
35,183
11,000
11,000
-
Other Sources:
59201. Transfer in from Other Funds 2,059,507 250,836 - 45,000 45,000
59301 COP and Bond Proceeds 7,085,000 - - - -
59303 Capital Lease Proceeds 114,000 225,954. - - -
59000
Total Other Sources
9,258,507
476,790
- 45,000
45,000
50000
TOTAL REVENUES
$ 12,016,819
$ 3,103,147
$ 1,844,093 $ 2,436,200 $
592,107
Page 2
Capital Projects Fund #41
Final Amended Budget
CIP p c'ects.lnventory
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 $
363,669 $
-
$ -
$ -
$ -
12001
Fire Station Expansion/Remodel
-
17,444
187,000
198,000
11,000
13001
Swift Gulch" Facility
4,240,472
4,332,319
68,218
38,218
(30,000)
13002
Pump House and Picnic Shelter
361,052
-
-
-
-
13003
Park Equipment Storage
-
302,631
-
-
-
Land and Land Improvements:.
Parks:
21001
Pocket Parks
128,966
-
-
-
-
21002
Garton Property
-
2,091
227,909
227,909
-
Roads and Streets:
Streetscape:
31001
Streetscape Planning
41,178
-
-
-
-
31002
W. Beaver Creek Blvd.
-
38,979
885,000
835,000
(50,000)
31003
Wildridge Entry Sign
-
-
104,000
64,000
(40,000)
31004'
Nottingham Rd. Imp., 1-70 to Buck Creek
-
-
195,000
90,000
(105,000)
31005
Nottingham Rd. Imp., Buck Creek to end
-
-
200,000
180,000
(20,000)
Street Improvements:
32001
Paving. ad Improvements
181,308
140,002
90,000
85,000
(5,000)
32002
W. 'Beaver Creek Blvd Railroad Crossing
51,344
-
-
-
-
32003
Chapel Square Reimbursement,
-
150,000
50,000
50,000
-
32004
E. Beaver Creek Blvd. Improvements
-
-
90,000
90,000
-
Multi-Modal/Alternative Mobility:
34001
Sidewalks
-
19,428
-
-
-
34002
East Avon Access and Circulation
-
120,947
110,000
75,000
(35,000)
34003
Roundabout Pedestrian Crosswalk Improvement
-
134,914
-
-
34004
Eagle River Bikepath
-
10
MAW
210,000
(82,665)
34005
Eagle River Bikepath - Beaver Creek Blvd to Can
-
-
55,000
55,000
-
35001
Roundabouts:
1,155,320
-
-
-
-
36001
Public Art Work
136,000
247,243
Recreation:
51001
Nottingham Park Basketball Court
-
-
185,000
217,400
32,400
Stormwater and Drainage:
Buck Creek / 1-70 to Eagle River
-
-
-
25,000
25,000
Metcalf Rd. Drainage / 1-70 to Eagle River
-
-
-
20,000
20,000
Strategic Planning:
71001
Development Analysis and Review
20,768
34,701
-
-
-
79001
Planning and Consulting
23,769
3,384
25,000
25,000
-
Communications:
81001
800Mhz Radio System
-
139,939
100,000
100,000
-
Other:
91001
Fireplace Conversions
1,500
2,250
6,000
6,000
-
Total Capital Improvement Projects
$ 6,705,346
$ 5,686,282 $
2,870,792
$ 2,591,527 $
(279,265)
Page 3
Town of Avon
Memo
TO: Honorable Mayor and Town Council
Thru: Bill Efting, Town Manager~~-
Frofm Scott Wright, Finance Director
Dates November 8, 2000
Re: Capital Project Fund Budget Revisions and Adoptions and
Acceptance of Long-range Capital Program
SUM-
' the final revised Capital Projects Fund budget for 2000 and the final proposed Capital Projects Fund
2001 budget are hereby submitted for adoption by the Avon Town Council'.
In addition to the adoption of the above budgets, also submitted for acceptance by the Town Council is
the long-range capital program (otherwise referred to as the 5-year plan).
Recommendation:
Staff recommends that Council adopt the revised 2000 and proposed 2001 budgets as presented, and
accept the long-range capital program as submitted.
Town Mwmner.Carnments:
C u v
Attachments:
A - Resolution 00-52
B - Resolution 00-53
C - Long-range Capital Program (5-year plan)
Page 1