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TC Res. No. 2016-28 Amend the 2016 Town of Avon Capital Projects Fund BudgetTOWN OF AVON RESOLUTION NO. 16 -28 SERIES OF 2016 A RESOLUTION TO AMEND THE 2016 TOWN OF AVON CAPITAL PROJECTS FUND BUDGET A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES AND AMENDING THE 2016 CAPITAL PROJECTS FUND 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 adopted the 2016 Capital Projects Fund budget; and WHEREAS, the Town Council has reviewed the revised estimated revenues and expenditures for 2016; and WHEREAS, the Town Council finds it necessary to amend the 2016 Capital Projects Fund budget to more accurately reflect the revenues and expenditures for 2016; and 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 TOWN COUNCIL OF THE TOWN OF AVON, COLORADO: Section 1. That estimated revenues and expenditures for the Capital Projects Fund is revised as follows for 2016: Resolution No. 16 -28 October 25, 2016 Page 1 of 2 Section 2. That the Capital Projects Fund budget, as submitted, amended, and hereinabove summarized, hereby is approved and adopted as the capital program budget of the Town of Avon for the year stated above. Section 3. That the Capital Projects Fund budget hereby approved, amended, and adopted shall be signed by the Town Manager and made part of the public record of the Town. ADOPTED this 25th day of October, 2016. TOWN OF AVON, COLORADO , Mayor ATTEST: ���lr. OFgr�a r Debbie Hoppe �, y+ Town Clerk k' Resolution No. 16 -28 October 25, 2016 Page 2 of 2 Original or Current Previously Proposed Amended Amended 2016 Budget 2016 Budget Capital Projects Fund Beginning Fund Balance $ 6,198,817 $ 6,198,817 Revenues and Other Sources 14,218,111 12,841,311 Expenditures and Other Uses 14,707,786 14,199,960 Ending Fund Balance 5.709.142 4.840.168 Section 2. That the Capital Projects Fund budget, as submitted, amended, and hereinabove summarized, hereby is approved and adopted as the capital program budget of the Town of Avon for the year stated above. Section 3. That the Capital Projects Fund budget hereby approved, amended, and adopted shall be signed by the Town Manager and made part of the public record of the Town. ADOPTED this 25th day of October, 2016. TOWN OF AVON, COLORADO , Mayor ATTEST: ���lr. OFgr�a r Debbie Hoppe �, y+ Town Clerk k' Resolution No. 16 -28 October 25, 2016 Page 2 of 2