TC Res. No. 2007-44 AMEND THE 2007 TOWN OF AVON BUDGETTOWN OF AVON, COLORADO
RESOLUTION NO.07-44
SERIES OF 2007
A RESOLUTION TO AMEND THE 2007 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES AND'
AMENDING THE 2007 CAPITAL PROJECTS FUND BUDGET FOR THE TOWN OF
AVON, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF
JANUARY, 2007; AND ENDING ON THE LAST DAY OF DECEMBER, 2007.
WHEREAS, the Town Council of the Town of Avon has adopted the 2007 Capital
Projects Fund budget; and
WHEREAS, the Town Council has reviewed the revised estimated revenues and
expenditures for 2007; and
WHEREAS, the Town Council finds it necessary to amend the 2007 Capital Projects
Fund budget to more accurately reflect the revenues and expenditures for 2007; 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 Projects Fund is
revised as follows for 2007:
Original or
Previously
Amended
2007
Budget
Capital Proiects Fund
Beginning Fund Balance
$ 7,731,519
Revenues and Other Sources
7,344,752
Expenditures and Other Uses
10,383,071.
Ending Fund Balance 4,693,200
Current
Proposed
Amended
2006
Budget
$ 7,731,519
7,137,337
9,576,501
5,292,355
Resolution No. 07-44 Final Amended CIP 07
Page I of 2
Section 2. That the Capital Projects Fund budget, as submitted, amended, and
hereinabove summarized, hereby is approved and adopted as the capital program budget of the
Town of Avon for the year stated above.
Section 3. That the Capital Projects Fund budget hereby approved, amended; and
.
adopted shall be signed by the Town Manager and made part of the public record of the. Town.
ADOPTED this 11 t' day of December, 2007.
TOWN'
AVONCOLORADO
nF
Ronald C. Wolfe, Mayor
ATTESTT&~
Resolution No. 07-44 Final Amended CIP 07
Page 2 of 2
Dl 94
Town of Avon
Memo
To: Honorable Mayor and Town Council
Thrm. Lany Brooks, Town Manager
Rrvrrc Scott Wright, Asst. Town Manager - Finan
Date: - December 5, 2007
Re: 2008 Capital Project Fund Budget Adoption and
Acceptance of Long-range Capital Program
Stamm :
The Town's final revised Capital Projects Fund budget for 2007 and the proposed 2008 Capital
Projects Fund budget is hereby submitted for adoption by the Avon Town Council. Also submitted for
acceptance by the Town Council is the long-range capital program (otherwise referred to as the 5=year
plan)
Previous Council Action:
Concurrently with the presentation of the Town's operating budgets, the Town Manager presented his
recommended Capital Projects Fund budget at the Council budget retreat held on October 1e and
17'".. A public hearing was held on November 27~'. There were no comments from the public at that
time.. _
Recommendation:
Sta4 recommends that Council adopt the resolutions discussed above as presented, and accept the
long-range capital program as submitted.
Town Mama er Comments:
Attachments.
A - Resolution 07-44
B - Resolution 07-46..
C - Capital Projects Fund Summary
D -Long-range Capital Program (5-year Plan)
Page 1
RESOLUTION NO. 07-44
SERIES OF 2007
A RESOLUTION TO AMEND THE 2007 TOWN OF AVON BUDGET
A RESOLUTION SUMIVIARIZING EXPENDITURES AND REVENUES AND
AMENDING THE 2007 CAPITAL PROJECTS FUND BUDGET FOR THE TOWN OF
AVON, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON'THE FIRST .
DAY OF JANUARY, 2007, AND ENDING ON THE LAST DAY OF DECEMBER,
2007.
WHEREAS, the Town Council of the Town of Avon has adopted the 2007
Capital:Projects Fund budget; and
WHEREAS, the Town Council. has reviewed the revised estimated revenues and
expenditures for 2007; and
WHEREAS, the Town Council finds it necessary to amend the 2007 Capital
Projects Fund budget to more accurately reflect the revenues and expenditures for 2007;
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 Projects
Fund is revised as follows for 2007:
Capital Proieets Fund
Beginning Fund Balance.
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Original or
Current
Previously
Proposed
Amended .
Amended
2007
2006
Buda et .
Budget
$ 7,731,519 $ 7,731,519
7,344,752 7,137,337
10,383,071 .9, 5 76, 5 01
4.693.200 5,292,355
1