TC Res. No. 2001-41RESOLUTION NO. 01-41
SERIES OF 2001
A RESOLUTION TO ADOPT THE 2002 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR
EACH FUND AND ADOPTING A BUDGET FOR THE TOWN OF AVON, .
COLORADO; FOR THE CALENDAR YEAR BEGINNING 'ON THE FIRST DAY OF,
JANUARY, 2002, AND ENDING ON THE LAST DAY OF DECEMBER, 2002.
WHEREAS, the Town Council of the Town of Avon.has appointed the Town
Manager to prepare and submit a proposed budget to, said governing body on October 16,
2001, for its consideration; and
WHEREAS, upon due and proper notice, published and posted in'accordance with
the law, said proposed budget was open for inspection by the public at a designated place.
A public hearing was held on November 27, 2001, and interested taxpayers were given
the opportunity to file or register any comment to said proposed budget, and
WHEREAS, whatever increases may have been made in the expenditures, like
increase 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 each fund are as follows
for 2002:
2002
Proposed
Budget
General Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
$ 3,528,522
10,082,989
10,142,043
Ending Fund Balance $ 3.469.468
2002
Proposed
Budget
Mall Maintenance Fund
Beginning Fund Balance $ 30,178
Revenues and Other Sources 63,847
Expenditures and Other Uses 91,522
Ending Fund Balance $ 2,503
2002
Proposed
Budget
Employee Housing Fund
Beginning Fund Balance $ 421
'Revenues and Other Sources 36,900
Expenditures and Other Uses 36,900
Ending Fund Balance $ 421
2002
Proposed,
Budget
Water Fund
Beginning Fund Balance $ 2,319,929
Revenues and Other Sources 457,500
Expenditures and Other Uses 416,612
Ending Fund Balance 2,360,817
2002
Proposed
Budget
Debt Service Fund
Beginning Fund Balance $ 41,170
Revenues and Other Sources 1,237,103
Expenditures and Other Uses 1,277,843
Ending Fund Balance $ 430
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2002
Proposed
Budget
Wildridge Special Assessment Fund
Beginning Fund Balance $ 26,337
Revenues and Other Sources 60,751
Expenditures and Other Uses 52,500
Ending Fund Balance $ 34,988
2002
Proposed
Budget
Avon Metropolitan District Fund -
Beginning Fund Balance $ 18,450
Revenues and Other Sources 487,072
Expenditures and Other Uses 487,072
Ending Fund Balance $ 18,450
2002
Proposed
Budget
Finance Authority Fund
Beginning Fund Balance $ 782,540
Revenues and Other Sources 752,071
Expenditures and Other Uses 752,071
Ending Fund Balance $ 782,540
2002
Proposed
Budget
Transit Enterprise Fund
Beginning Fund Balance $ 7,027
Revenues and Other Sources 1,838,871
Expenditures and Other Uses 1,838,598
Ending Fund Balance $ 7,300
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2002
Proposed
Budget
Sherwood Meadows Enterprise Fund
Beginning Fund Balance $ 4,443.
Revenues and Other Sources 272,930
Expenditures and Other Uses 270,212
Ending Fund Balance $ ' 7,161
2002
Proposed
Budget
Fleet Maintenance Internal Service Fund
Beginning Fund Balance $ 160,742
Revenues and Other Sources 1,306,917
Expenditures and Other Uses 1,400,408
Ending Fund Balance $ 67,251
2002
Proposed
Budget
Equip. Replacement Internal Service Fund
Beginning. Fund Balance $ 630,332
Revenues and Other Sources 137,226
Expenditures and Other Uses 91,928
Ending Fund Balance $ 675,630
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.
ADOPTED this 11' day of December, 2001.
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TOWN OF AVON, COLORADO
J Yoder
Mayor
A EST:
Kns Nash
Town Clerk
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