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TC Res. No. 2005-51 AMEND THE 2005 TOWN OF AVON BUDGETTOWN OF AVON, COLORADO RESOLUTION NO. 05-51 SERIES OF 2005 A RESOLUTION TO AMEND THE 2005 TOWN OF AVON BUDGET A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY FUND AND AMENDING THE 2005 BUDGET FOR THE TOWN OF AVON, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2005, AND ENDING ON THE LAS'S' DAY OF DECEMBER, 2005 WHEREAS, the Town Council of the Town of Avon has adopted the 2005 budget; and WHEREAS, the Town Council reviewed the revised estimated revenues and expenditures for 2005; and WHEREAS, the Town Council finds it necessary to amend the 2005 budget to more accurately reflect the revenues and expenditures for 2005; 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 2005: General Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Original or Current Previously Proposed Amended Amended 2005 2005 Budget Budget $ 3,880,135 $ 4,383,872 10,420,818 11,189,836 10,340,347 10,587,267 Ending Fund Balance 3,960,606 $ 4,986,441 Original or Current 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 Previously Amended 2005 Budget $ 16,903 70,609 86,491 $ 1,021 Original or Previously Amended 2005 Budget $ 1,055,454 209,500 194,740 1,070,214 Original or Previously Amended 2005 Budget $ 13,226 1,213,121 1,213,121 13,226 Original or Previously Amended 2005 Budget Wildridge Special Improvement District Fund Beginning Fund Balance $ 6,744 Revenues and Other Sources 50,565 Proposed Amended 2005 Budget $ 36,498 71,855 86,491 $ 21,862 Current Proposed Amended 2005 Budget $ 1,295,123 245,200 612,951 $ 927,372 Current Proposed Amended 2005 Budget $ 2,340 1,940,324 1,3 52,967 $ 589.697 Current Proposed Amended 2005 Budget $ 9,715 47,534 Resolution No. 05-51 Final Amended 2005 Page 2 of 4 Expenditures and Other Uses Ending Fund Balance AMID 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 57,249 60 Original or Previously Amended 2005 Budget $ 32,849 488,083 483,203 $ 37,729 Original or Previously Amended 2005 Budget $ 568,329 556,674 562,503 $ 562,500 Original or Previously Amended 2005 Budget $ 6,087 1,887,562 1,885,202 $ 8,447 Original or Previously Amended 2005 Budget 57,249 0 Current Proposed Amended 2005 Buffet $ 37,209 488,083 483,203 $ 42,089 Current Proposed Amended 2005 Bum $ 586,078 0 586,078 $ 0 Current Proposed Amended 2005 Budget $ 14,530 2,055,601 1,957,032 $ 113,099 Current Proposed Amended 2005 Budget Resolution No. 05-51 Final Amended 2005 Page 3 of 4 Fleet Maintenance Enterprise Fund Beginning Fund Balance $ 104,927 $ 240,377 Revenues and Other Sources 1,667,115 1,835,146 Expenditures and Other Uses 1,656,876 1,751,171 Ending Fund Balance $ 115,166 $ 324,352 Original or Previously Amended 2005 Budget Current Proposed Amended 2005 Budget Eguipment_Replacement Internal Service Fund Beginning Fund Balance $ 1,359,753 $ 1,374,997 Revenues and Other Sources 406,204 411,204 Expenditures and Other Uses 511,471 511,471 Ending Fund Balance 1.254.486 1.274.730 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 22°d day of November, 2005. OF AZT .,9 EA1, ZTOAIVON, COLORADO Ronald C. Wolfe, Mayor ATTEST=I l Resolution No. 05-51 Final Amended 2005 Page 4 of 4