URA Res.No.2011-02AVON URBAN RENEWAL AUTHORITY
TOWN OF AVON, COLORADO
RESOLUTION NO. 11 -02
SERIES OF 2011
A RESOLUTION AMENDING THE
2011 AVON URBAN RENEWAL AUTHORITY BUDGET
WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority has
previously adopted the 2011 budget;
WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority reviewed
the revised estimated revenues and expenditures for all funds for 2011;
WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority finds it
necessary to amend the 2011 budget to more accurately reflect the revenues and expenditures for
2011;
WHEREAS, upon due and proper notice, published or posted in accordance with the law,
the proposed budget amendment to the 2011 budget was open for inspection by the public at a
designated place, a public hearing was held on November 22, 2011 and interested taxpayers were
given the opportunity to file or register any objections to the proposed budget amendment; 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 BOARD OF COMMISSIONERS
OF THE AVON URBAN RENEWAL AUTHORITY:
Section 1. That estimated revenues and expenditures for the Avon Urban Renewal Authority
are revised as follows for 2011:
Avon Urban Renewal Authority
Resolution No. 11 -02
Page I of 2
Original or
Current
Previously
Proposed
Amended
Amended
2011 Budget
2011 Budget
Avon Urban Renewal Authority
Beginning Fund Balance
$ 668,307
$ 688,998
Revenues and Other Sources
946,603
990,525
Expenditures and Other Uses
973,848
973,323
Ending Fund Balance
$ 641.062
$ 706.200
Avon Urban Renewal Authority
Resolution No. 11 -02
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Section 2. That the budget, as submitted and amended hereby is approved and adopted as the
budget of the Avon Urban Renewal Authority for the year stated above.
Section 3. That the budget hereby approved and adopted shall be signed by the Chairman
and made part of the public record of the Authority.
ADOPTED this 13th day of December, 2011.
AVON URBAN RENEWAL AUTHORITY
Avon Urban Renewal Authority
Resolution No. 11 -02
Page 2 of 2
Rich Carroll, Chairman