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TC Res. No. 2006-17 AMEND THE 2006 TOWN OF AVON BUDGETTOWN OF AVON, COLORADO RESOLUTION NO. 06-17 SERIES OF 2006 A RESOLUTION TO AMEND THE 2006 TOWN OF AVON BUDGET A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES AND AMENDING THE 2006 CAPITAL PROJECTS FUND BUDGET FOR THE TOWN OF AVON, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2006, AND ENDING ON THE LAST DAY OF DECEMBER, 2006 WHEREAS, the Town Council of the Town of Avon has adopted the 2006 capital projects fund budget; and WHEREAS, the Town Council reviewed the revised estimated revenues and expenditures for 2006; and WHEREAS, the Town Council finds it necessary to amend the 2006 capital projects fund budget to more accurately reflect the revenues and expenditures for 2006; 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 capital project fund is as follows for 2006: Original or Previously Amended 2006 Budget Capital Proiects Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses $ 5,968,727 4,194,270 7,903,105 Current Proposed Amended 2006 Budget $ 5,968,727 4,544,270 8,173,105 Ending Fund Balance 2.259.892 2.339.892 Section 2. That the capital projects fund budget, as submitted, amended, and hereinabove summarized, hereby is approved and adopted as the capital projects fund 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 Town Manager and made part of the public record of the Town. ADOPTED this 28t'day of March, 2006. ®v~ GF,4 TOWN OF AVON, COLORADO ALi r Ronald C. Wolfe, Mayor AT~S . "'5 11 Ic~ Kenny, Town Resolution No. 06-17 CLP Budget Amend Page 2 of 2 Capital Projects Fund #41 Amendment No. 1. Original or Proposed Estimated Prev. Amended Revised Difference Actual Year-end Budget Budget Increase 2004 2005 2006 2006 (Decrease) REVENUES Taxes $ 2,338,060 $ 2,350,060 $ 2,150,000: $ . 2,600,000. $ 350,000 Intergovernmental 200,000 230,290 1,214,296 1,214,296 - Investment Earnings 46,704 81,419 85,974, 85,974 - Other Revenue 27,712 318,500 99,000 99,000 - Total Operating Revenues 2,612,476 2,980,209 3,549,270 3,899,270 350,000` Other Sources: Transfer In from Other Funds 376,069 535,000 645,000 645,000 - TOTAL REVENUES 2,988,545 3,515,209 4,194,270 4,644,270 350,000 EXPENDITURES Capital Improvements: Facilities - 1,168,050 1,767,610 1,767,610 - Land and Land Improvements 244 150,000 90,000 90,000 - Roads and Streets 287,199 1,435,000 4,539,000 4,634,000 95,000 Recreation - 30,905 161,495 161,495 - Stormwater and Drainage 376,069 150,000 40,000 40,000 Strategic Planning 91,120 284,700 400,000 400,000 Other - 235,000 555,000 555,000. Developer Rebates 158,665 158,665 300,000 475,000. 1751000. Total Capital Improvements 913,297 3,612,320 7,853,105 8,123,105 270,000 Other Uses Operating Transfer=Out.- General Fund 50,000 50,000 50,000 50,000 - Operating Transfer-Out - Wildridge S.I.D.' 11,292 10,311 - - - Total Other Uses 61,292 60,311 50,000 60,000 - TOTAL EXPENDITURES ,974,589 3,672,6.31 7,903,105 8,173,105 270,000 NET'SOURCE (USE) OF FUNDS 2,013;956 (157,422) (3,708,835) (3,628,835) 80,000 FUND BALANCE, Beginning of Year 4,112,193 6,126,149 5,968,727 5,968,727 - FUND BALANCE, End of Year $ 6,126,149 $ ..5,968,727 2,259,892 $ 2,339;892 $ 80,000 Page 1 Capital Projects Fund #41 Amendment No. 1 - Revenue Detaff Original or Proposed Estimated Prev. Amended Revised Difference Account Actual Year-end Budget Budget Increase Number Description 2004 2005 2006 2006 (Decrease) Taxes: 51401 Real Estate Transfer Tax $ 2,338,060 $ 2,350,000 $ 2,150,000 $ 2,500,000 $ 350,000 51000 Total Taxes Intergovernmental: Federal Grants: 53199 CDOT Enhancement Funds Grant 53199 FTA/CDOT Transportation Center Grant Local Government/Other Agency: 53401 Village at (Avon) 53401 Confluence Metro District 53401 Eaglebend Housing Authority 53401 ERWSD Sewer Line Replacement 53000 Total Intergovernmental Investment Earnings: 57101 Interest Earnings 57000 Total Investment Earnings Other Revenues: 58102 Utility Capital Facility Fees 58104 Fireplace Fees Reimbursements: 58211 Sheraton Mountain Vista - 2005 Application 58211 Confluence - East West Partners rt 58211 Eagle River Enhancement Project - East West Pa 58211 Eagle River Enhancement Project - Eagle County 58211 Eagle River Enhancement Project - BCRC 58211 W. Avon Trails - Berry Creek Metro District 58999 Miscellaneous Nonclassified Revenues 58000 Total Other Revenues Other Sources: 59201 Transfer In from Other Funds 59000 Total Other Sources 50000 TOTAL REVENUES 2,338,060 2,350,000 2,150,000 2,500,000 350,000 149,000 149,000 - 680,296 680,296 - 200,000 200,000 200,000 200,000 - - - 160,000 160,000 - - 25,000 25,000 25,000 - - 5,290 - - _ 200,000 230,290 1,214,296 1,214,296 - 46,704 81,419 85,974 85,974 - 46,704 81,419 85,974 85,974 - 376 2,000 - - - - 9,000 9,000 9,000 - 17,500 - - 175,000 - - - - 2,500 50,000 50,000 - 50,000 - - - 55,000 - - - 2,500 40,000 40,000 - 27,336 5,000 - - - 27,712 318,500 99,000 99,000 - 376,069 535,000 645,000 645,000 - 376,069 535,000 645,000 645,000 - $ 2,988,545 $ 3,515,209 $ 4,194,270 $ 4,544,270 $ 350,000 Page 2 Capital Projects Fund #41 Amendment No. 1 ,r ~TO @G T1Y~1i0 , e Jf. Original or Proposed Estimated Prev. Amended Revised Difference Account Actual Year-end Budget Budget Increase Number Description 2004 2005 2006 2006 (Decrease) CAPITAL IMPROVEMENT PROJECTS Facilities: 11006 Council Chambers Audio/Video Upgrade $ - $ 11007 Municipal Building Roof - 13004 Nottingham Lake Pump Station Expansion - 14001 Transportation Center - 19001 Municipal Parking Facilities - Land and Land Improvements: 21004 Tract J Bridge Removal 244 21005 Wildridge Park Improvements and Playground - 21006 Wildridge PocketPark - New Block 3 or 4 - 21007 1-70 Entrace Sign Removal - Roads and Streets: Streetscape: 31006 Eaglebend Dr. - 31008 Nottingham Rd. Imp. / 1-70 to Buck Creek 73,694 31010 Lighting Study and Conversion - Street Improvements: 32007 Town Center-Mall Plan Implementation - 32008 E. Beaver Creek Blvd. Improvements 6,585 Annual Street Improvements: 33004 2004 Paving/Road Improvements 205,735 33005 2005 Paving/Road Improvements - 33006 2006 Paving/Road Improvements - Multi-Modal/Alternative Mobility: 34007 Wildridge Traffic Calming & Pedestrian Circulation 1,127 34009 Swift Gulch Road Bikepath Extension 58 34010 Swift Gulch Rd. Bikepath - 34011 Wildridge Emergency Access - - 34012- - - West Avon Trailsand Access. Enhancement - - - - - Recreation: 51002 Eagle River Enhancement Project - Stormwater and Drainage: 61003 Metcalf Rd. Drainage / 1-70 to Nottingham Rd. 376,069 61004 Nottingham-Puder Ditch Restoration - 61005 W. Beaver Creek Blvd. / I-70 to Railroad - Strategic Planning: Development Analysis and Review: 71004 Confluence / Westin Riverfront Resort - 71005 Sub-area Plan - Town Center Commercial District - 71006 Sheraton Mountain Vista 2005 Application - 70,000 $ - $ - $ - 50,000 - - - - 75,000 75,000 - 1,048,050 992,610 992,610 - - 700,000 700,000 - - 45,000 45,000 - 150,000 - - - 45,000 45,000 - 50,000 700,000 700,000 - 25,000 - - - - 204,000 204,000 - 400,000 2,800,000 2,800,000 - 890,000 - - - - 220,000 315,000 95,000 - 250,000 .250,000 - 45,000 - - - 20,000 260,000 260,000 - - 25,000 25,000 - - = 5,000 80,000 80,000 - 30,905 161,495 161,495 - 150,000 - - - - 40,000 40,000 - 175,000 - - - - 150,000 150,000 - 17,500 - - - Page 3 6 Capital Projects Fund #41 Amendment No. 1 C1P Pero ects lnwento Original or Proposed Estimated Prev. Amended Revised Difference Account Actual Year-end Budget Budget Increase Number Description 2004 2005 2006 2006 (Decrease) CAPITAL IMPROVEMENT PROJECTS Planning and Consulting: 79002 Comprehensive Plan 82,773 67,200 25,000 25,000 - 79004 2004 General Planning and Consulting 8,347 - - _ _ 79005 2005 General Planning and Consulting - 25,000 - - _ 79006 2006 General Planning and Consulting - - 25,000 25,000 - 79101 Nottingham Park Master Plan - - 50,000 50,000 - 79102 Pedestrian Circulation Plan - - 100,000 100,000 - 79103 Retail Analysis - - 50,000 50,000 - Other: 93005 Historic Preservation - - 25,000 25,000 - 93006 Historic Analysis Study - 25,000 - - _ 94005 Water Rights Acquisition - 140,000 460,000 460,000 - 94006 RICD Water Rights Acquisition - 70,000 70,000 70,000 - Total Capital Improvement Projects $ 754,632 $ 3,453,655 $ 7,553,105 $ 7,648,105 $ 95,000 Page 4