URA Res. 18-03 Amending the 2018 Avon URA BudgetAVON URBAN RENEWAL AUTHORITY
TOWN OF AVON, COLORADO
RESOLUTION NO. 18-03
SERIES OF 2018
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; and
WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority reviewed
the revised estimated revenues and expenditures for all funds for 2018; and
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; and
WHEREAS, upon due and proper notice, published or posted in accordance with the law,
the proposed budget amendment to the 2018 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 objections to 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:
Avon Urban Renewal Authority
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Resolution No. 18-03
December 11, 2018
Page 1 of 2
Original or
Previously
Amended
2018 Budget
$ 1,323,321
1,427,181
2,314,516
$ 497,102
Current
Proposed
Amended
2018 Budget
$ 1,357,451
1,454,859
2,315,208
$ 497.102
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 11th day of December, 2018.
AVON URBAN RENEWAL AUTHORITY
Je ie Fancher, Chairman
ATTEST:
•� W!g Ocoll Wright, -
CERTIFIED:
S.E,T,
Debbie Hoppe
Authority Clerk
Resolution No. 18-03
December 11, 2018
Page 2 of 2