URA Res. 18-02 Amending the 2018 URA BudgetAVON URBAN RENEWAL AUTHORITY
RESOLUTION NO. 18-02
A RESOLUTION AMENDING THE
2018 AVON URBAN RENEWAL AUTHORITY BUDGET
WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority has
previously adopted the 2018 budget;
WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority reviewed
the revised estimated revenues and expenditures for all funds for 2018;
WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority finds it
necessary to amend the 2018 budget to more accurately reflect the revenues and expenditures for
2018;
WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority 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 BOARD OF COMMISSIONERS
OF THE AVON URBAN RENEWAL AUTHORITY:
Section 1. That estimated revenues and expenditures for the Avon Urban Renewal Authority
are revised as follows for 2018:
Resolution 18-02
January 9, 2018
Page 1 of 2
Original or
Current
Previously
Proposed
Amended
Amended
2018 Budget
2018 Budget
Avon Urban Renewal Authority
Beginning Fund Balance
$ 1,323,321
$ 1,323,321
Revenues and Other Sources
1,427,181
1,427,181
Expenditures and Other Uses
914,516
2,314,516
Ending Fund Balance
$ 1,835,986
$ 435.986
Resolution 18-02
January 9, 2018
Page 1 of 2
Section 2. That the budget, as submitted and amended hereby is approved and adopted as the
budget of the Avon Urban Renewal Authority for the year stated above.
Section 3. That the budget hereby approved and adopted shall be signed by the Chairman
and made part of the public record of the Authority.
ADOPTED this 9th day of January, 2018.
ATTEST:
RE.
AVON URBAN RENEWAL AUTHORITY
( aa
nnie Fancher, Chairman
RAL S !O
Scott Wright, Treasurer Q`•
74ti` :'y i
CERTIFIED:
Qjj&� ) -
Debbie Hoppe
Authority Clerk
Resolution 18-02
January 9, 2018
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