URA Res. No. 16-02 Amending the 2016 BudgetAVON URBAN RENEWAL AUTHORITY
TOWN OF AVON, COLORADO
RESOLUTION NO. 16 -02
SERIES OF 2016
A RESOLUTION AMENDING THE
2016 AVON URBAN RENEWAL AUTHORITY BUDGET
WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority has
previously adopted the 2016 budget;
WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority reviewed
the revised estimated revenues and expenditures for all funds for 2016;
WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority finds it
necessary to amend the 2016 budget to more accurately reflect the revenues and expenditures for
2016;
WHEREAS, upon due and proper notice, published or posted in accordance with the law,
the proposed budget amendment to the 2016 budget was open for inspection by the public at a
designated place, a public hearing was held on October 25, 2016 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 BOARD OF COMMISSIONERS
OF THE AVON URBAN RENEWAL AUTHORITY:
Section 1. That estimated revenues and expenditures for the Avon Urban Renewal Authority
are revised as follows for 2016:
Avon Urban Renewal Authority
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Resolution No. 16 -02
October 25`h, 2016
Page 1 of 2
Original or
Previously
Amended
2016 Budget
$ 857,941
1,058,667
1,211,810
$ 704.798
Current
Proposed
Amended
2016 Budget
$ 907,963
1,010,615
755,993
1.162.585
Section 2. That the budget, as submitted and amended 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 25th day of October, 2016.
AVON URBAN RENEWAL AUTHORITY
J ie Fancher, Chairman
ATTEST:
Scott Wright, Treasurer
CERTIFIED: Y•; {,
x
Debbie Hoppe
rjT °t
Authority Clerk
Resolution No. 16 -02
October 25`h, 2016
Page 2 of 2