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TC Resolution 18-11 Amending the 2018 Town of Avon Capital Projects Fund BudgetTOWN OF AVON, COLORADO RESOLUTION NO. 18-11 SERIES OF 2018 A RESOLUTION TO AMEND THE 2018 TOWN OF AVON CAPITAL PROJECTS FUND BUDGET A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES AND AMENDING THE 2018 CAPITAL PROJECTS FUND 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 previously adopted the 2018 Capital Projects Fund budget; and WHEREAS, the Town Council reviewed the revised estimated revenues and expenditures for 2018; and WHEREAS, the Town Council finds it necessary to amend the 2018 Capital Projects Fund budget to more accurately reflect the revenues and expenditures for 2018; 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 2018: Res. No. 18-11 June 26, 2018 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 26th day of June 2018. AVON TOWN COUNCIL By: 4a& (h4 — Jenr6 Fancher, Mayor Res. No. 18-11 June 26, 2018 Page 2 of 2 Attest: Debbie Hoppe, T 3 rA r ��RAQG� Original or Current Previously Proposed Amended Amended 2018 Budget 2018 Budget Capital Proiects Fund Beginning Fund Balance $ 11,284,518 $ 11,282,615 Revenues and Other Sources 5,977,500 5,977,500 Expenditures and Other Uses 14,355,839 13,409,923 Ending Fund Balance 2.911.179 3.850.192 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 26th day of June 2018. AVON TOWN COUNCIL By: 4a& (h4 — Jenr6 Fancher, Mayor Res. No. 18-11 June 26, 2018 Page 2 of 2 Attest: Debbie Hoppe, T 3 rA r ��RAQG�