TC Resolution 17-26 Adopting the 2018 Town of Avon BudgetTOWN OF AVON
RESOLUTION NO. 17-26
SERIES OF 2017
A RESOLUTION TO ADOPT THE 2018 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, 2018
AND ENDING ON THE LAST DAY OF DECEMBER, 2018
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 November 14, 2017, 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
QUM
Ending Fund Balance 5.916.398
Community Enhancement Fund
Beginning Fund Balance $ 205
Revenues and Other Sources 80,000
Expenditures and Other Uses 0
Ending Fund Balance $ 80,205
Resolution No. 17-26
November 14, 2017
Page 1 of 3
2018
Proposed
Budget
General Fund
Beginning Fund Balance
$ 5,904,568
Revenues and Other Sources
16,580,030
Expenditures and Other Uses
16,568,200
Ending Fund Balance 5.916.398
Community Enhancement Fund
Beginning Fund Balance $ 205
Revenues and Other Sources 80,000
Expenditures and Other Uses 0
Ending Fund Balance $ 80,205
Resolution No. 17-26
November 14, 2017
Page 1 of 3
Water Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Affordable Housine Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Exterior Energy Offset 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
Resolution No. 17-26
November 14, 2017
Page 2 of 3
2018
Proposed
Budget
$ 111,946
170,000
269,149
12,797
$ 563,329
32,541
25,000
$ 570,870
$ 32,768
5,000
$ 37.768
$ 536,567
1,016,854
1,016,854
536,567
$ 625,541
1,626,900
1,687,784
$ 564,657
$ 239,818
1,694,426
1,693,973
$ 240,271
Equipment Replacement Internal Service Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
$ 3,231,619
662,478
584,517
3,309,580
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 141h day of November, 2017.
ATTEST:
Debbie Hoppe
Town Clerk
Resolution No. 17-26
November 14, 2017
Page 3 of 3
OF4
--S E -A
T OF AjION, COLORADO
Jenn Fancher, Mayor