TC Res. No. 2016-10 Amend the 2016 Town of Avon BudgetTOWN OF AVON, COLORADO
RESOLUTION NO. 16 -10
SERIES OF 2016
A RESOLUTION TO AMEND THE 2016 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY
FUND AND AMENDING THE 2016 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 previously adopted the
2016 budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for all operating funds for 2016; and
WHEREAS, the Town Council finds it necessary to amend the 2016 budget to
more accurately reflect the revenues and expenditures for 2016; and
WHEREAS, the Town Council has caused to be published a notice containing
the date and time of a public hearing at which the adoption of the proposed budget
amendment will be considered and a statement that the proposed budget amendment is
available for public inspection at the office of the Town Clerk located in the Avon Town
Hall during normal business hours; 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 2016:
Original or Current
Previously Proposed
Amended Amended
2016 Budget 2016 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
Res. No. 16 -10
April 12, 2016
Page 1 of 2
$ 5,659,925
15,191,391
15,563,185
5.288.131
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 12th day of April, 2016.
AVON TOWN COUNCIL
�OyWN OF AEON
By: Attest:
Jennie Fancher, Mayor Debbie Hoppe, Town lei L
Res. No. 16 -10 CrOLOhF`4�'
April 12, 2016' J-
Page 2 of 2
Original or
Current
Previously
Proposed
Amended
Amended
2016 Budget
2016 Budget
Water Fund
Beginning Fund Balance
$ 880,199
$ 1,016,159
Revenues and Other Sources
170,000
190,000
Expenditures and Other Uses
222,353
1,128,060
Ending Fund Balance
S 827.846
$ 78.099
Transit Fund
Beginning Fund Balance
$ 631,793
$ 690,694
Revenues and Other Sources
1,935,039
2,039,014
Expenditures and Other Uses
1,948,496
2,083,745
Ending Fund Balance
$ 618,336
$ 645.963
Fleet Maintenance Fund
Beginning Fund Balance
$ 192,819
$ 169,474
Revenues and Other Sources
1,787,632
1,787,632
Expenditures and Other Uses
1,785,969
1,817,945
Ending Fund Balance
$ 194.482
$ 139,161
Equipment Replacement Fund
Beginning Fund Balance
$ 1,667,903
$ 1,699,303
Revenues and Other Sources
748,565
748,565
Expenditures and Other Uses
239,669
280,669
Ending Fund Balance
2,176.799
2.167.199
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 12th day of April, 2016.
AVON TOWN COUNCIL
�OyWN OF AEON
By: Attest:
Jennie Fancher, Mayor Debbie Hoppe, Town lei L
Res. No. 16 -10 CrOLOhF`4�'
April 12, 2016' J-
Page 2 of 2