TC Res. No. 2010-24 Adopt the 2011 town of avon budgetTOWN OF AVON
RESOLUTION NO. 10 -24
SERIES OF 2010
A RESOLUTION TO ADOPT THE 2011 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, 2011
AND ENDING ON THE LAST DAY OF DECEMBER, 2011
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 12, 2010, for its
consideration; and
WHEREAS, upon due and 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 November 9, 2010, 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
2011:
2011
Proposed
Budget
General Fund
Beginning Fund Balance $ 5,162,339
Revenues and Other Sources 13,429,579
Expenditures and Other Uses 12,301,452
Ending Fund Balance 6,290,466
Town Center West Maintenance Fund
Beginning Fund Balance $ 79,300
Revenues and Other Sources 225,000
Expenditures and Other Uses 227,575
Ending Fund Balance $ 76,725
Town of Avon
Resolution No. 10 -24
Page 1 of 3
2011
Proposed
Budget
Community Enhancement Fund
Beginning Fund Balance $ 320,018
Revenues and Other Sources 70,000
Expenditures and Other Uses 160,000
Ending Fund Balance $ 230,018
Water Fund
Beginning Fund Balance $ 2,058,537
Revenues and Other Sources 155,000
Expenditures and Other Uses 1,047,024
Ending Fund Balance $ 1,166,513
Affordable Housing Fund
Beginning Fund Balance $ 651,675
Revenues and Other Sources 0
Expenditures and Other Uses 1,700
Ending Fund Balance $ 649,975
Facilities Reserve Fund
Beginning Fund Balance $ 413,251
Revenues and Other Sources 0
Expenditures and Other Uses 0
Ending Fund Balance $ 413,251
Debt Service Fund
Beginning Fund Balance $ 508,700
Revenues and Other Sources 1,272,224
Expenditures and Other Uses 1,272,224
Ending Fund Balance $ 508,700
Transit Enterprise Fund
Beginning Fund Balance $ 534,810
Revenues and Other Sources 1,306,985
Expenditures and Other Uses 1,307,755
Ending Fund Balance $ 534,040
Town of Avon
Resolution No. 10 -24
Page 2 of 3
2011
Proposed
Budget
Fleet Maintenance Enterprise Fund
Beginning Fund Balance $ 461,251
Revenues and Other Sources 2,017,868
Expenditures and Other Uses 1,962,284
Ending Fund Balance $ 516,835
Equipment Replacement Internal Service Fund
Beginning Fund Balance $ 1,884,411
Revenues and Other Sources 704,117
Expenditures and Other Uses 673,832
Ending Fund Balance 1,914,696
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 23rd day of November, 2010.
Town of Avon
Resolution No. 10 -24
Page 3 of 3
Ronald C. Wolfe, Mayor
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