TC Res. No. 2016-29 Adopt the 2017 Town of Avon BudgetTOWN OF AVON
RESOLUTION NO. 16 -29
SERIES OF 2016
A RESOLUTION TO ADOPT THE 2017 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR
EACH FUND AND ADOPTING A BUDGET FOR THE TOWN OF AVON, COLORADO,
FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2017
AND ENDING ON THE LAST DAY OF DECEMBER, 2017
WHEREAS, the Town Council of the Town of Avon has appointed the Town Manager
to prepare and submit a proposed budget to said governing body for its consideration; and
WHEREAS, upon due and proper notice, published and 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 October 25, 2016, and interested taxpayers were given the opportunity to file
or register any comment 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 TOWN COUNCIL OF THE
TOWN OF AVON, COLORADO:
Section 1. That estimated revenues and expenditures for each fund are as follows for
2017:
2017
Proposed
Budget
General Fund
Beginning Fund Balance $ 4,576,694
Revenues and Other Sources 15,625,904
Expenditures and Other Uses 15,465,630
Ending Fund Balance 4.736.968
Community Enhancement Fund
Beginning Fund Balance $ 74,469
Revenues and Other Sources 84,000
Expenditures and Other Uses 158,000
Ending Fund Balance $ 469
Resolution No. 16 -29
October 25, 2016
Page 1 of 3
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 Enterprise Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Fleet Maintenance Enterprise Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
_Equipment Replacement Internal Service Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Resolution No. 16 -29
October 25, 2016
Page 2 of 3
2017
Proposed
Budget
$ 38,173
211,200
157,977
$ 91,396
$ 506,220
3,741
25,000
$ 530,467
1,027,469
1,027,469
$ 630,441
1,884,267
1,948,359
.. ,.
$ 139,750
1,679,426
1,652,546
$ 2,640,322
846,800
387,200
3,099,922
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.
TQWN OF AVON, COLORADO
Jen e Fancher, Mayor
ATTEST: �p,;�N OF A�O�
Debbie Hoppe E
Town Clerk
�o�ri�ao
Resolution No. 16 -29
October 25, 2016
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