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TC Resolution 19-08 Amending the 2019 Town of Avon BudgetTOWN OF AVON, COLORADO RESOLUTION NO. 19-08 SERIES OF 2019 A RESOLUTION TO AMEND THE 2019 TOWN OF AVON BUDGET A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY FUND AND AMENDING THE 2019 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 previously adopted the 2019 budget; and WHEREAS, the Town Council reviewed the revised estimated revenues and expenditures for all operating funds for 2019; and WHEREAS, the Town Council finds it necessary to amend the 2019 budget to more accurately reflect the revenues and expenditures for 2019; 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 following funds are revised as follows for 2019: 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. Res. No. 19-08 June 25, 2019 Page 1 of 2 Original or Current Previously Proposed Amended Amended 2019 Budget 2019 Budget General Fund Beginning Fund Balance $ 5,380,433 $ 6,304,042 Revenues and Other Sources 17,203,269 17,301,088 Expenditures and Other Uses 17,271,928 17,285,744 Ending Fund Balance 5,311,774 6,319.386 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. Res. No. 19-08 June 25, 2019 Page 1 of 2 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 25th day of June, 2019. AVON TOWN COUNCIL By: f i 4´┐ŻAOC Sarah Smith Hymes, Mfy r Res. No. 19-08 June 25, 2019 Page 2 of 2 Attest: Brenda Torres, Town