Loading...
TC Res. No. 2016-27 Amend the 2016 Town of Avon BudgetTOWN OF AVON, COLORADO RESOLUTION NO. 16 -27 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, 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: General Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Town Center West Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Resolution No. 16 -27 October 25, 2016 Paget of 3 Original or Current Previously Proposed Amended Amended 2016 Budget 2016 Budget $ 5,659,925 $ 5,659,925 15,191,391 15,399,513 15,563,185 16,482,744 5.288.131 4.576.694 $ 88,584 $ 124,597 300,000 145,874 298,281 270,471 90.303 $ 0 Community Enhancement Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Water Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Affordable Housing Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Debt Service Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Transit Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Fleet Maintenance Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Equipment Replacement Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Resolution No. 16 -27 October 25, 2016 Page 2 of 3 Original or Current Previously Proposed Amended Amended 2016 Budget 2016 Budget $ 96,996 $ 90,469 84,000 84,000 100.000 100,000 $ 80.996 $ 74.469 $ 1,016,159 $ 1,016,159 190,000 190,000 1,128,060 l ,167,986 $ 78,099 $ 38.173 $ 517,335 $ 517,335 3,885 13,885 25,000 25,000 496,220 $ 506,220 $ 510,375 $ 529,117 1,126,089 1,127,439 1,126,089 1,126,089 $ 510.375 $ 530.467 $ 690,694 $ 689,894 2,039,014 1,566,513 2,083,745 1,625,966 $ 645.963 $ 630.441 $ 169,474 $ 169,474 1,787,632 1,544,055 1,817,945 1,573,779 $ 139.161 $ 139.750 $ 1,699,303 $ 1,699,303 748,565 1,190,358 280,669 249,339 2.167.199 2.640.322 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 25th day of October, 2016. AVON TOWN COUNCIL By: Jen ,ie Fancher, Mayor Resolution No. 16 -27 October 25, 2016 Page 3 of 3 1\1.0 F q , S A �.. c9CpRAUP-,4 Attest: Debbie Hoppe, Town C er