TC Resolution 17-04 Amend the 2017 Capital Projects Fund BudgetTOWN OF AVON, COLORADO
RESOLUTION NO. 17-04
SERIES OF 2017
A RESOLUTION TO AMEND THE 2017 TOWN OF AVON CAPITAL
PROJECTS FUND BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES AND
AMENDING THE 2017 CAPITAL PROJECTS FUND 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 previously adopted the
2017 Capital Projects Fund budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for 2017; and
WHEREAS, the Town Council finds it necessary to amend the 2017 Capital
Projects Fund budget to more accurately reflect the revenues and expenditures for 2017;
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 that any interested elector of the Town of Avon
may file any objection to the proposed budget amendment at any time prior to the final
adoption of 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 are revised as follows for 2017:
Res. No. 17-04
March 14, 2017
Page 1 of 2
Section 2. That the Capital Projects Fund budget, as submitted, amended, and
hereinabove summarized by fund, 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 as hereby approved and adopted
shall be signed by the Mayor and made part of the public record of the Town.
ADOPTED this 14th day of March, 2017.
AVON TOWN COUNCIL
By:
_ (k&
Je ie Fancher, Mayor
Res. No. 17-04
March 14, 2017
Page 2 of 2
Attest:
Debbie Hoppe, T
.SEAL:
Original or
Current
Previously
Proposed
Amended
Amended
2017 Budget
2017 Budget
Capital Proiects Fund
Beginning Fund Balance
$ 4,840,168
$ 10,416,611
Revenues and Other Sources
5,858,460
6,978,000
Expenditures and Other Uses
8,690,457
15,131,090
Ending Fund Balance
2.008.171
2.263.521
Section 2. That the Capital Projects Fund budget, as submitted, amended, and
hereinabove summarized by fund, 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 as hereby approved and adopted
shall be signed by the Mayor and made part of the public record of the Town.
ADOPTED this 14th day of March, 2017.
AVON TOWN COUNCIL
By:
_ (k&
Je ie Fancher, Mayor
Res. No. 17-04
March 14, 2017
Page 2 of 2
Attest:
Debbie Hoppe, T
.SEAL: