TC Res. No. 2014-27 Amend the 2014 Avon BudgetTOWN OF AVON, COLORADO
RESOLUTION NO. 14 -27
SERIES OF 2014
A RESOLUTION TO AMEND THE 2014 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY
FUND AND AMENDING THE 2014 BUDGET FOR THE TOWN OF AVON,
COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY
OF JANUARY, 2014 AND ENDING ON THE LAST DAY OF DECEMBER, 2014
WHEREAS, the Town Council of the Town of Avon has previously adopted the
2014 budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for all operating funds for 2014; and
WHEREAS, the Town Council finds it necessary to amend the 2014 budget to
more accurately reflect the revenues and expenditures for 2014; and
WHEREAS, upon due and proper notice, published or posted in accordance with
the law, the proposed budget amendment to the 2014 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 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 TOWN COUNCIL OF
THE TOWN OF AVON, COLORADO:
Section 1. That estimated revenues and expenditures for the following funds are
revised as follows for 2014:
Original or
Current
Previously
Proposed
Amended
Amended
2014 Budget
2014 Budget
General Fund
Beginning Fund Balance
$ 4,853,248
$ 4,853,248
Revenues and Other Sources
13,242,295
13,518,711
Expenditures and Other Uses
13,530,526
15,056,923
Ending Fund Balance
4.565.017
3.315.036
Original or
Current
Previously
Proposed
Amended
Amended
2014 Budget
2014 Budget
Town Center West Maintenance Fund
Beginning Fund Balance
$ 59,938
$ 82,292
Revenues and Other Sources
245,000
245,000
Expenditures and Other Uses
245,089
224,902
Ending Fund Balance
$ 59.849
$ 102.390
Community Enhancement Fund
Beginning Fund Balance
$ 533,330
$ 542,728
Revenues and Other Sources
75,000
84,000
Expenditures and Other Uses
275,000
608,000
Ending Fund Balance
$ 333.330
18.728
Water Fund
Beginning Fund Balance
$ 754,558
$ 754,558
Revenues and Other Sources
397,000
397,000
Expenditures and Other Uses
407,089
307,089
Ending Fund Balance
$ 744.469
$ 844.469
Affordable Housing Fund
Beginning Fund Balance
$ 709,854
$ 709,854
Revenues and Other Sources
3,740
3,740
Expenditures and Other Uses
200,000
200,000
Ending Fund Balance
$ 513.594
$ 513,594
Debt Service Fund
Beginning Fund Balance
$ 494,552
$ 511,335
Revenues and Other Sources
1,264,352
1,264,352
Expenditures and Other Uses
1,264,352
1,264,352
Ending Fund Balance
$ 494,552
$ 511.335
Transit Enterprise Fund
Beginning Fund Balance
$ 560,732
$ 560,732
Revenues and Other Sources
1,320,883
1,318,414
Expenditures and Other Uses
1,406,079
1,383,584
Ending Fund Balance
$ 475.536
$ 495.562
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, COLORADO
Rich Carroll, Ma or
ATTEST:
Qdl�44o k00
Debbie Hoppe
Town Clerk
Original or
Current
Previously
Proposed
Amended
Amended
2014 Budget
2014 Budget
_Fleet Maintenance Enterprise Fund
Beginning Fund Balance
$ 304,827
$ 222,797
Revenues and Other Sources
1,449,935
1,571,638
Expenditures and Other Uses
1,546,142
1,615,046
Ending Fund Balance
208.620
$ 179.389
Equipment Replacement Internal Service
Fund
Beginning Fund Balance
$ 2,433,516
$ 2,495,430
Revenues and Other Sources
755,132
764,187
Expenditures and Other Uses
459,402
468,602
Ending Fund Balance
2.729.246
$ 2,791.015
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, COLORADO
Rich Carroll, Ma or
ATTEST:
Qdl�44o k00
Debbie Hoppe
Town Clerk