TC Res. No. 2014-29 Adopt the 2015 Avon BudgetTOWN OF AVON
RESOLUTION NO. 14 -29
SERIES OF 2014
A RESOLUTION TO ADOPT THE 2015 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, 2015
AND ENDING ON THE LAST DAY OF DECEMBER, 2015
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 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 11, 2014, 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
2015:
2015
Proposed
Budge
General Fund
Beginning Fund Balance $ 3,315,036
Revenues and Other Sources 15,163,046
Expenditures and Other Uses 13,849,405
Ending Fund Balance 4,628,677
Town Center West Maintenance Fund
Beginning Fund Balance $ 102,390
Revenues and Other Sources 250,000
Expenditures and Other Uses 256,625
Ending Fund Balance $ 95,765
2015
Proposed
Budd
Community Enhancement Fund
Beginning Fund Balance $ 18,728
Revenues and Other Sources 84,000
Expenditures and Other Uses 0
Ending Fund Balance $ 102.728
Water Fund
Beginning Fund Balance $ 844,469
Revenues and Other Sources 170,000
Expenditures and Other Uses 165,238
Ending Fund Balance $ 849.231
Affordable Housing Fund
Beginning Fund Balance $ 513,594
Revenues and Other Sources 3,741
Expenditures and Other Uses 0
Ending Fund Balance $ 517.335
Debt Service Fund
Beginning Fund Balance
$ 511,335
Revenues and Other Sources
1,350,507
Expenditures and Other Uses
1,350,507
Ending Fund Balance
$ 511.335
Transit Enterprise Fund
Beginning Fund Balance $ 475,536
Revenues and Other Sources 1,796,337
Expenditures and Other Uses 1,869,598
Ending Fund Balance S 402.275
Fleet Maintenance Enterprise Fund
Beginning Fund Balance
$ 179,389
Revenues and Other Sources
1,672,358
Expenditures and Other Uses
1,688,919
Ending Fund Balance
162.828
2015
Proposed
Budget
Equipment Replacement Internal Service Fund
Beginning Fund Balance $ 2,791,015
Revenues and Other Sources 625,737
Expenditures and Other Uses 520,170
Ending Fund Balance 2,896,582
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 11" day of November, 2014.
TOWN OF AVON, COLO O
Rich Carroll, May/6-
ay r
ATTEST:
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Debbie Hoppe
Town Clerk