URA Res. No. 2015-04 Summarizing Expenditures and Revenues and Adopting a Budget for the URA for the Calendar year beginning on January 2016AVON URBAN RENEWAL AUTHORITY
TOWN OF AVON, COLORADO
RESOLUTION NO. 15 -04
SERIES OF 2015
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES AND
ADOPTING A BUDGET FOR THE AVON URBAN RENEWAL AUTHORITY FOR
THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2016, AND
ENDING ON THE LAST DAY OF DECEMBER, 2016.
WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority has
directed the Authority's Executive Director /Secretary to prepare and submit a proposed budget
for its consideration;
WHEREAS, Virginia Egger, Town Manager, has submitted a proposed budget to said
governing body on October 13, 2015;
WHEREAS, upon due and proper notice, published or 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 objections 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 BOARD OF COMMISSIONERS
OF THE AVON URBAN RENEWAL AUTHORITY:
Section 1. That estimated revenues and expenditures for the Avon Urban Renewal Authority
are as follows for 2016:
2016
Proposed
Budget
Avon Urban Renewal Authority
Beginning Fund Balance $ 857,941
Revenues and Other Sources 1,058,667
Expenditures and Other Uses 1,211,810
Ending Fund Balance $ 704.798
Section 2. That the budget, as submitted, 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 8th day of December, 2015.
AVON L RENEW ORITY
Je 'e Fancher, Chairman
ATTEST:
cott Wright, Treasurer
Debbie Hoppe, Auth4rff Clerk'"``
CERTIFIED:
S E' .\ L
Debbie Hoppe, Auth4rff Clerk'"``