TC Resolution 18-23 Adopting the 2019 Town of Avon BudgetTOWN OF AVON, COLORADO
RESOLUTION NO. 18-23
A RESOLUTION TO ADOPT THE 2019 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, 2019 AND ENDING ON THE LAST DAY OF DECEMBER, 2019
WHEREAS, the Town Council of the Town of Avon has appointed the Acting
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 December 11, 2018, 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 the Operating Funds are
revised as follows for 2019:
2019 Proposed
Budget
General Fund
Beginning Fund Balance $ 5,871,198
Revenues and Other Sources 17,203,269
Expenditures and Other Uses 17,271,928
Ending Fund Balance 5.802.539
Community Enhancement Fund
Beginning Fund Balance $ 80,000
Revenues and Other Sources 80,000
Expenditures and Other Uses 80,000
Ending Fund Balance $ 80,000
Res. No. 18-23
December 11, 2018
Page 1 of 2
2019 Proposed
Buffet
Water Fund
Beginning Fund Balance $ 99,200
Revenues and Other Sources 180,000
Expenditures and Other Uses 274,991
Ending Fund Balance $ 4.209
Affordable Housing Fund
Beginning Fund Balance $ 593,027
Revenues and Other Sources 38,742
Expenditures and Other Uses 10,000
Ending Fund Balance $ 621,769
Energy Offset Fund
Beginning Fund Balance $ 37,768
Revenues and Other Sources 5,000
Expenditures and Other Uses 0
Ending Fund Balance $ 42,768
Disposable Paper Bae Fee Fund
Beginning Fund Balance $ 18,000
Revenues and Other Sources 18,000
Expenditures and Other Uses 5,000
Ending Fund Balance $ 31,000
Debt Service Fund
Beginning Fund Balance
$ 535,590
Revenues and Other Sources
1,019,207
Expenditures and Other Uses
1,019,207
Ending Fund Balance
$ 535,590
Mobility Enterprise Fund
Beginning Fund Balance $ 590,306
Revenues and Other Sources 1,512,043
Expenditures and Other Uses 2,916,023
Ending Fund Balance 386,326
Res. No. 18-23
December 11, 2018
Page 2 of 2
2019 Proposed
Buffet
Fleet Maintenance Enterprise Fund
Beginning Fund Balance $ 55,808
Revenues and Other Sources 1,764,791
Expenditures and Other Uses 1,801,273
Ending Fund Balance $ 19,326
Equipment Replacement Internal Service Fund
Beginning Fund Balance $ 3,332,770
Revenues and Other Sources 746,437
Expenditures and Other Uses 843,822
Ending Fund Balance 3,235,385
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 11th day of December 2018.
AVON TOWN COUNCIL
icBy:
Je 'e Fancher, Mayor
Res. No. 18-23
December 11, 2018
Page 3 of 2
Attest:
Debbie Hoppe, T
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