TC Res. No. 2001-39RESOLUTION NO. 01-39
SERIES OF 2001
A RESOLUTION TO AMEND THE 2001 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 2001
budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for 2001; and
- WHEREAS, the Town Council finds it necessary to amend the 2001 budget to
more. accurately reflect the revenues and expenditures for 2001; 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 2001:
Original or
Previously
Amended
2001
Budget
General Fund
Beginning Fund Balance
$ 4,520,592
Revenues and Other Sources
10,040,311
Expenditures and Other Uses
10,538,381
Ending Fund Balance 4,022,522
Current
Proposed
Amended
2001
Budget
$ 4,951,617
9,577,235
11,000,330
3,528,522
1
Mall Maintenance Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Employee Housing Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Water Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Debt Service Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Original or
Previously
Amended
2001
Budget
$ 21,633
69,662
90,917
$ 378
Original or
Previously
Amended
2001
Budget
$ 3,149
39,180
39,180
$ 3,149
Original or
Previously
Amended
2001
Budget
$ 2,027,786
653,500
576,920
2,104,366
Original or
Previously
Amended
2001
Budget
$ 47,501
1,273,876
1,273,876
$ 47,501
Current
Proposed
Amended
2001
Budget
$ 55,363
65,732
90,917
$ 2,503
Current
Proposed
Amended
2001
Budget
$ 421
76,000
76,000
$ 421
Current
Proposed .
Amended
2001
Budget
$ 2,035,675
633;500
349,246
2,319,929
Current.
Proposed
Amended
2001
Budget
$ 74,201
1,241,235
1,274,266
$ 41.170
2
Original or
Current
Previously
Proposed
Amended
Amended
2001
2001
Budget
Budget
Wildridge_Special Improvement District Fund.
Beginning Fund Balance
$ 31,089
$ 36,106
Revenues and Other Sources
56,231
67,531
Expenditures and Other Uses
54,500
77,300
Ending Fund Balance
$ 29,820
$ . 26,337
Original or
Current
Previously
Proposed
Amended
Amended
2001
2001
Budget
Budget
AMD Debt Service- Fund
Beginning Fund Balance
$ 31,892
$ 29,250
Revenues and Other Sources
567,815
4,523,325
Expenditures and Other Uses
567,871
4,534,125
Ending Fund Balance
$ 31,836
$ 18,450
Original or
Current
Previously
Proposed
Amended
Amended
2001
2001
Budget
Budget
Finance Authority Fund
Beginning Fund Balance
$ 770,032
$ 782,540
Revenues and Other Sources
755,352
755,353
Expenditures and Other Uses
755,352
755,353
Ending Fund Balance
$ 770,032
$ 782,540
Original or
Current
Previously
Proposed
Amended
Amended
2001
2001
Budget
Budget
Transit Enterprise Fund
Beginning Fund Balance
$ 248,874
$ (2,852)
Revenues and Other Sources
3,26305
3,575,096
Expenditures and Other Uses
3,263,005
3,565,217
Ending Fund Balance
$ 248,874
$ 7,027
3
Original or
Previously
Amended
2001
Budget
Sherwood Meadows Enterprise Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Fleet Maintenance Internal Service Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Equipment Replacement Internal Service
Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
$ 0
287,604
287,604
$ 0
Original or
Previously
Amended
2001
Budget
$ (83,353)
1,777,244
1,578,685
$ 113,206
Original or
Previously
Amended
2001
Budget
$ 429,253
567,523
278,050
$ 718,726
Current
Proposed
Amended
2001
Budget
$ (1,058)
281;164
275,663
$ 4,443
Current
Proposed
Amended
2001
Budget
$ (64,122)
1,933,710
1,708,846
$ 160,742
Current
Proposed
Amended
2001
Budget
$ 340,859.
567,523
278,050
$ 630,332
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
Mayor and made part of the public record of the Town.
4
ADOPTED this 11 h day of December, 2001.
TOWN OR AVON, COLORADO
J Yoder
or
A
Miten Nash
Town Clerk
Town of Avon
Memo
To: Honorable Mayor and Town Council
Them Bill Efting, Town Manager
From Scott Wright, Finance Director~-'~-~---
Dato December 5, 2001
Re: Adoption of 2002 Budget
Summary:
The final revised budget for 2001 and the final proposed 2002 budget are hereby submitted for
adoption by the Avon Town Council.
Proposed 2002 Budget
The following changes were made to the original proposed budget as submitted to the Town Council
on October 16, 2001:
• Net costs in the Transit Enterprise Fund were reduced by $170,928. , Correspondingly,
Transfers-out from the General Fund to the Transit Enterprise Fund were reduced by
$175,000.
• Overtime was reduced Town wide by $57,407.
• Travel and training costs Town-wide were reduced by 25% or $25,340.
Recommendation:
Staff recommends that Council adopt the resolutions discussed above as presented.
Town IftMer Comments:
Attachments:
A - Resolution 01-39
B - Resolution 0141
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