TC Res. No. 2004-42 ADOPT THE 2005 TOWN OF AVON BUDGETTOWN OF AVON, COLORADO
RESOLUTION NO. 04-42
SERIES OF 2004
A RESOLUTION TO ADOPT THE 2005 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, 2005, AND ENDING ON THE LAST DAY OF DECEMBER, 2005
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 5,
2004, for its consideration; and
WHEREAS, upon due nand 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 October 26, 2004, 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
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 each fund are as follows
for 2005:
2005
Proposed
Budget
General Fund
Beginning Fund Balance
$ 3,880,135
Revenues and Other Sources
10,404,024
Expenditures and Other Uses
10,380,196
Ending Fund Balance 3.903.963
2005
Proposed
Budget
Mall Maintenance Fund
Beginning Fund Balance $ 16,903
Revenues and Other Sources 70,609
Expenditures and Other Uses 86,491
Ending Fund Balance $ 1,021
2005
Proposed
Budge
Water Fund
Beginning Fund Balance $ 1,055,454
Revenues and Other Sources 209,500
Expenditures and Other Uses 194,740
Ending Fund Balance 1.070.214
2005
Proposed
Budget
Debt Service Fund
Beginning Fund Balance
$ 13,226
Revenues and Other Sources
1,236,330
Expenditures and Other Uses
1,236,330
Ending Fund Balance
$ 13.226
2005
Proposed
Budget
Wildridge Special Assessment Fund
Beginning Fund Balance $ 6,744
Revenues and Other Sources 50,565
Expenditures and Other Uses 57,249
Ending Fund Balance $ 60
2
2005
Proposed
Budizet
Avon Metropolitan District Fund
Beginning Fund Balance $ 32,849
Revenues and Other Sources 488,083
Expenditures and Other Uses 483,203
Ending Fund Balance $ 37.729
2005
Proposed
' Budget
Finance Authority Fund
Beginning Fund Balance
$ 568,329
Revenues and Other Sources
556,674
Expenditures and Other Uses
562,503
Ending Fund Balance
$ 562,500
2005
Proposed
Budget
Transit Enterprise Fund
Beginning Fund Balance
$ 6,087
Revenues and Other Sources
1,887,562
Expenditures and Other Uses
1,885,202
Ending Fund Balance
$ 8,447
2005
Proposed
Budget
Fleet Maintenance Internal Service Fund
Beginning Fund Balance
$ 104,927
Revenues and Other Sources
1,667,115
Expenditures and Other Uses
1,656,876
Ending Fund Balance
$ 115,166
3
2005
Proposed
Buffet
Equip. Replacement Internal Service Fund
Beginning Fund Balance $ 1,359,753
Revenues and Other Sources 406,204
Expenditures and Other Uses 444,964
Ending Fund Balance 1,320,993
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 9th day of November, 2004.
~<A t~ U.F 4y
BALI
ATTEST:
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Town
TOWN OF AVO COLORADO
C
Albert D. Reynolds, Ma r
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