TC Res. No. 2004-40 AMEND THE 2004 TOWN OF AVON BUDGETTOWN OF AVON, COLORADO
RESOLUTION NO. 0440
SERIES OF 2004
A RESOLUTION TO AMEND THE 2004 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, 2004, AND ENDING ON THE LAST DAY OF DECEMBER, 2004.
WHEREAS, the Town Council of the Town of Avon has adopted the 2004
budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for 2004; and
WHEREAS, the Town Council finds it necessary to amend the 2004 budget to
more accurately reflect the revenues and expenditures for 2004; 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 funds are
as follows for 2004:
Original or
Previously
Amended
2004
Budget
General Fund
Beginning Fund Balance
$ 3,760,312
Revenues and Other Sources
9,566,250
Expenditures and Other Uses
9,649;537
Ending Fund Balance 3.677.025
Current
Proposed
Amended
2004
Budget
$ 3,760,312
9,855,258
9,735,435
3.880.135
1
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
Original or
Previously
Amended
2004
Budget
$ 52,122
77,024
84,290
$ 44,856
Original or
Previously
Amended
2004
Budget
$ 1,502,417
232,200
169,413
1.565.204
Original or
Previously
Amended
2004
Budget
$ 10,288
1,224,113
1,223,048
$ 11,353
Original or
Previously
Amended
2004
Budget
$ 15,646
47,292
62,140
$ 798
Current
Proposed
Amended
2004
Budget
$ 48,562
54,101
85,760
$ 16,903
Current
Proposed
Amended
2004
Budget
$ 1,502,417
224,700
671,663
1,055,454
Current
Proposed.
Amended
2004
Budge
$ 12,161
1,224,113
1,223,048
$ 13,226
Current
Proposed
Amended
2004
Budget
$ 17,790
50,962
62,008
$ 6,744
2
AMD Debt Service Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Finance Authority 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
Original or
Previously
Amended
2004
Budget
$ 31,835
487,843
487,695
$ 31,983
Original or
Previously
Amended
2004
Budget
$ 783,640
2,539,329
2,746,057
$ 576,912
Original or
Previously
Amended
2004
Budget
$ 1,998
1,689,216
1,685,160
$ 6.054
Original or
Previously
Amended
2004
Buffet
$ 5,802
2,008,555
2,012,573
$ 1,784
Current
Proposed
Amended
2004
Budget
$ 32,701
487,843
487,695
$ 32.849
Current
Proposed
Amended
2004
Budget
$ 784,511
2,729,868
2,946,050
$ 568,329
Current
Proposed
Amended
2004
Budget
$ 3,137
1,698,959
1,696,009
$ 6.087
Current
Proposed
Amended
2004
Budget
et
$ (3,653)
2,207,557
2,203,904
3
Original or
Current
Previously
Proposed
Amended
Amended
2004
2004
Budget
Budget
Fleet Maintenance Internal Service Fund
Beginning Fund Balance
$ 65,724
$ 64,966
Revenues and Other Sources
1,609,154
1,693,126
Expenditures and Other Uses
1,605,434
1,653,165
Ending Fund Balance
$ 69.444
$ 104.927
Original or
Current
Previously
Proposed
Amended
Amended
2004
2004
Budget
Budget
Equipment Replacement Internal Service
Fund
Beginning Fund Balance
$ 1,140,850
$ 1,172,749
Revenues and Other Sources
444,681
457,051
Expenditures and Other Uses
270,047
270,047
Ending Fund Balance
1.315.484 1.359.753
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 9t' day of November, 2004.
OF TOWN OF AVON, COLORADO
AYp~
f
fay ti Albert D. Reynolds, May
ATTES
~OLORN
Pa M envy
Town Clerk
4
C
Memo.
TO: Honorable Mayor and Town Council
Thm. Lary Brooks, Town Manager
From: Scott Wright, Finance Director
Dato November 1, 2004
Re: Adoption of 2005 Budget
Summary:
The final revised operating budget for 2004 and the final proposed 2005 operating budget are hereby
submitted for adoption by the Avon Town Council. There have been no changes since the public
hearing.
• Because of the upcoming bond refunding the 2 resolutions levying property taxes for general operatin
and debt service and the Avon Metropolitan District will be submitted for adoption at the December 14
meeting.
Recommendation:
Staff recommends that Council adopt the resolutions discussed above as presented.
Town Manager Comments:
Attachments:
A - Resolution 04-40
B - Resolution 04-42
•
Page 1