TC Res. No. 2015-22 To amend the 2015 Town of Avon BudgetTOWN OF AVON, COLORADO
RESOLUTION NO. 15 -22
SERIES OF 2015
A RESOLUTION TO AMEND THE 2015 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY
FUND AND AMENDING THE 2015 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 previously adopted the
2015 budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for all operating funds for 2015; and
WHEREAS, the Town Council finds it necessary to amend the 2015 budget to
more accurately reflect the revenues and expenditures for 2015; 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 2015:
Town Center West Fund
Beginning Fund Balance
Original or
Revenues and Other Sources
Previously
Expenditures and Other Uses
Amended
Ending Fund Balance
2015 Budget
General Fund
Beginning Fund Balance
$ 4,464,298
Revenues and Other Sources
15,186,258
Expenditures and Other Uses
14,690,988
Ending Fund Balance
$ 4.959,568
Town Center West Fund
Beginning Fund Balance
$ 102,390
Revenues and Other Sources
250,000
Expenditures and Other Uses
256,625
Ending Fund Balance
$ 95.765
Current
Proposed
Amended
2015 Budget
$ 4,464,298
15,969,885
15,855,451
4.578.732
$ 107,441
250,000
268,857
$ 88.584
Water Fund
Beginning Fund Balance $ 916,230 $ 916,230
Revenues and Other Sources 170,000 170,000
Expenditures and Other Uses 205,286 206,031
Ending Fund Balance $ 880,944 880,199
Affordable Housing Fund
Beginning Fund Balance $ 513,594 $ 513,594
Revenues and Other Sources 3,741 3,741
Expenditures and Other Uses 0 0
Ending Fund Balance $ 517,335 $ 517,335
Debt Service Fund
Beginning Fund Balance $ 507,988 $ 507,988
Revenues and Other Sources 1,105,345 1,119,626
Expenditures and Other Uses 1,105,345 1,117,239
Ending Fund Balance $ 507,988 $ 510,375
Transit Fund
Beginning Fund Balance $ 639,476 $ 639,476
Revenues and Other Sources 1,921,337 1,501,331
Expenditures and Other Uses 2,029,119 1,509,014
Ending Fund Balance $ 531,694 $ 631 793
Fleet Maintenance Fund
Beginning Fund Balance $ 204,027 $ 204,027
Revenues and Other Sources 1,672,358 1,714,429
Expenditures and Other Uses 1,698,851 1,725,637
Ending Fund Balance $ 177,534 $ 192,819
EauiAment Replacement Fund
Beginning Fund Balance $ 2,791,015 $ 2,789,636
Revenues and Other Sources 625,737 697,536
Expenditures and Other Uses 520,170 1,819,269
Ending Fund Balance 2,896,582 $ 1,667,903
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.
Original or
Current
Previously
Proposed
Amended
Amended
2015 Budget
2015 Budget
Community Enhancement Fund
Beginning Fund Balance
$ 18,728
$ 12,996
Revenues and Other Sources
84,000
84,000
Expenditures and Other Uses
0
0
Ending Fund Balance
$ 102,728
$ 96,996
Water Fund
Beginning Fund Balance $ 916,230 $ 916,230
Revenues and Other Sources 170,000 170,000
Expenditures and Other Uses 205,286 206,031
Ending Fund Balance $ 880,944 880,199
Affordable Housing Fund
Beginning Fund Balance $ 513,594 $ 513,594
Revenues and Other Sources 3,741 3,741
Expenditures and Other Uses 0 0
Ending Fund Balance $ 517,335 $ 517,335
Debt Service Fund
Beginning Fund Balance $ 507,988 $ 507,988
Revenues and Other Sources 1,105,345 1,119,626
Expenditures and Other Uses 1,105,345 1,117,239
Ending Fund Balance $ 507,988 $ 510,375
Transit Fund
Beginning Fund Balance $ 639,476 $ 639,476
Revenues and Other Sources 1,921,337 1,501,331
Expenditures and Other Uses 2,029,119 1,509,014
Ending Fund Balance $ 531,694 $ 631 793
Fleet Maintenance Fund
Beginning Fund Balance $ 204,027 $ 204,027
Revenues and Other Sources 1,672,358 1,714,429
Expenditures and Other Uses 1,698,851 1,725,637
Ending Fund Balance $ 177,534 $ 192,819
EauiAment Replacement Fund
Beginning Fund Balance $ 2,791,015 $ 2,789,636
Revenues and Other Sources 625,737 697,536
Expenditures and Other Uses 520,170 1,819,269
Ending Fund Balance 2,896,582 $ 1,667,903
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 8th day of December, 2015.
AVON TOWN COUNCIL
Attest:
Debbie Hoppe, Town Clerk