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TC Res. No. 2003-46TOWN OF AVON, COLORADO RESOLUTION NO. 03-46 SERIES OF 2003 A RESOLUTION'TO AMEND THE 2003 TOWN OF AVON BUDGET A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY FUND AND AMENDING THE 2003 BUDGET FOR THE TOWN OF AVON, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2003, AND ENDING ON THE LAST DAY OF DECEMBER, 2003. WHEREAS, the Town Council of the Town of Avon has adopted the 2003 budget; and WHEREAS, the Town Council reviewed the revised estimated revenues and expenditures for 2003; and WHEREAS, the Town Council finds it necessary to amend the 2003 budget to more accurately reflect the revenues and expenditures for 2003; 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 requited 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 funds are as follows for 2003: Original or Previously Amended 2003 Budget General Fund Beginning Fund Balance $ 3,484,848 Revenues and Other Sources 10,001,310 Expenditures and Other Uses 9,835,847 Current Proposed Amended 2003 Budget $ 3,484,848 9,898,153 10,009,661 Ending Fund Balance $ 3,650.311 3,373,340 Mall Maintenance 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 Wildridge Special Improvement District Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance 2 Original or Previously Amended 2003 Budget $ 39,765 90,676 82,077 $ 48,364 Original or Previously Amended 2003 Budget $ 1,965,547 509,200 1,267,822 1,206,925 Original or Previously Amended 2003 Bum $ 5,288 1,243,822 1,243,822 $ 5,288 Original or Previously Amended 2003 Budget $ 13,478 55,071 56,623 11,926 Current Proposed Amended 2003 Budget $ 57,532 76,667 82,077 $ 52,122 Current Proposed Amended 2003 Budget $ 1,965,547 861,000 1,405,152 1,421,395 Current Proposed Amended 2003 Budget $ 5,288 1,243,822 1,238,822 $ 10,288 Current Proposed Amended 2003 Budget $ 15,980 56,221 56,555 $ 15.646 Resolution No. 03-46 AMD Debt Service Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Finance Authoritv Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Transit Enterprise Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Sherwood Meadows Enterprise Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance 3 Original or Previously Amended 2003 Budget $ 28,830 488,722 488,722 $ 28.830 Original or Previously Amended 2003 Budget $ 784,668 757,958 757,958 $ 784.668 Original or Previously Amended 2003 Budget 1,960,517 1,960,027 $ 490 Original or Previously Amended 2003 Budget $ 1,331 263,476 260,520 $ 4,287 Current Proposed Amended 2003 Budget $ 29,835 488,722 486,722 $ 31.835 Current Proposed Amended 2003 Budget $ 783,640 761,358 761,358 $ 783.640 Current Proposed Amended 2003 Budget $ (47,598) 1,932,664 1,883,068 $ 1,998 Current Proposed Amended 2003 Budget $ 29,160 242,485 266,159 $ 5,4$6 Resolution No. 03-46 Original or Previously Amended 2003 Budget Fleet Maintenance Internal Service Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance $ 64,996 1,539,816 1,538,393 $ 66.419 Original or Previously Amended 2003 Budget Equipment Replacement Internal Service Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance $ 805,414 373,768 69,295 1.109.887 Current Proposed Amended 2003 Bud2 $ 64,996 1,512,576 1,511,848 $ 65.724 Current Proposed Amended 2003 Budget $ 836,377 373,768 69,295 1.140.850 ,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 25th day of November, 2003. D.7 L:1 A ~ J ATTEST: n._{04,~• r 2~ PI. Pa cKe y Town Clerk TOWN OF AVON, COLORADO 6%-U-zt Albert D. Reynolds, Ma r 4 Resolution No. 0346