TC Res. No. 2015-23 To adopt the 2016 Town of Avon BudgetTOWN OF AVON
RESOLUTION NO. 15 -23
SERIES OF 2015
A RESOLUTION TO ADOPT THE 2016 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, 2016
AND ENDING ON THE LAST DAY OF DECEMBER, 2016
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 December 8, 2015, 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
2016:
2016
Proposed
Budget
General Fund
Beginning Fund Balance $ 4,578,732
Revenues and Other Sources 15,179,407
Expenditures and Other Uses 14,992,955
Ending Fund Balance $ 4,765.184
Town Center West Maintenance Fund
Beginning Fund Balance $ 88,584
Revenues and Other Sources 300,000
Expenditures and Other Uses 298,281
Ending Fund Balance $ 90.303
2016
Proposed
Budget
Community Enhancement Fund
Beginning Fund Balance $ 96,996
Revenues and Other Sources 84,000
Expenditures and Other Uses 100,000
Ending Fund Balance $ 80,996
Water Fund
Beginning Fund Balance $ 880,199
Revenues and Other Sources 170,000
Expenditures and Other Uses 222,353
Ending Fund Balance $ 827,846
Affordable Housing Fund
$ 631,793
Beginning Fund Balance
$ 517,335
Revenues and Other Sources
3,885
Expenditures and Other Uses
25,000
Ending Fund Balance
$ 496,220
Debt Service Fund
Beginning Fund Balance
$ 510,375
Revenues and Other Sources
1,126,089
Expenditures and Other Uses
1,126,089
Ending Fund Balance 510,375
Transit Enterprise Fund
Beginning Fund Balance
$ 631,793
Revenues and Other Sources
1,935,039
Expenditures and Other Uses
1,948,496
Ending Fund Balance
$ 618,336
Fleet Maintenance Enterprise Fund
Beginning Fund Balance
$ 192,819
Revenues and Other Sources
1,787,632
Expenditures and Other Uses
1,785,969
Ending Fund Balance
$ 194,482
2016
Proposed
Budget
Equipment Replacement Internal Service Fund
Beginning Fund Balance $ 1,667,903
Revenues and Other Sources 748,565
Expenditures and Other Uses 239,669
Ending Fund Balance 2.176.799
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.
TO OF AVON, COLORADO
�Ai-u ��
Je6<e Fancher, Mayor
ATTEST:
Debbie Hoppe
Town Clerk