TC Res. No. 2012-08 Amend the 2012 TOA Affordable Housing BudgetTOWN OF AVON, COLORADO
RESOLUTION NO. 12 -08
SERIES OF 2012
A RESOLUTION TO AMEND THE 2012 TOWN OF AVON
AFFORDABLE HOUSING FUND BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY
FUND AND AMENDING THE 2012 AFFORDABLE HOUSING FUND BUDGET
FOR THE TOWN OF AVON, COLORADO, FOR THE CALENDAR YEAR
BEGINNING ON THE FIRST DAY OF JANUARY, 2012 AND ENDING ON THE
LAST DAY OF DECEMBER, 2012
WHEREAS, the Town Council of the Town of Avon has previously adopted the
2012 budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for all operating funds for 2012; and
WHEREAS, the Town Council finds it necessary to amend the 2012 budget to
more accurately reflect the revenues and expenditures for 2012; 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
revised.as follows for 2012:
Ending Fund Balance $ 649,975
Town of Avon
Resolution No. 12 -08
Page 1 of 2
Current
Proposed
Amended
2012 Budget
$ 651,675
0
44,450
$ 607,225
Original or
Previously
Amended
2012 Budget
Affordable HousinjZ Fund
Beginning Fund Balance
$ 651,675
Revenues and Other Sources
0
Expenditures and Other Uses
1,700
Ending Fund Balance $ 649,975
Town of Avon
Resolution No. 12 -08
Page 1 of 2
Current
Proposed
Amended
2012 Budget
$ 651,675
0
44,450
$ 607,225
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 27th day of March, 2012.
ATTEST
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.!' • rJ
Town of Avon
Resolution No. 12 -08
Page 2 of 2
TOWN OF AVON, COLORADO
Richard arroIl, Mayor