URA Res. 19-03 Summarizing Expenditures and Revenues and Adopting a Budget for the Avon URA for the Calendar Year Beginning on the First Day of January, 2020, and Ending on the Last Day of December, 2020AVON URBAN RENEWAL AUTHORITY
TOWN OF AVON, COLORADO
RESOLUTION NO. 19-03
SERIES OF 2019
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES AND
ADOPTING A BUDGET FOR THE AVON URBAN RENEWAL AUTHORITY FOR
THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2020, AND
ENDING ON THE LAST DAY OF DECEMBER, 2020.
WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority has
directed the Authority's Executive Director to prepare and submit a proposed budget for its
consideration; and
WHEREAS, Scott Wright, Treasurer, has submitted a proposed budget and held a budget
retreat with said governing body on October 30, 2019; and
WHEREAS, upon due and proper notice, published or posted in accordance with the law,
said proposed budget was open for inspection by the public at a designated place, public hearings
were held on November 12 and November 19, 2019 and interested taxpayers were given the
opportunity to file or register any objections 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 BOARD OF COMMISSIONERS
OF THE AVON URBAN RENEWAL AUTHORITY:
Section 1. That estimated revenues and expenditures for the Avon Urban Renewal Authority
are as follows for 2020:
Avon Urban Renewal Authority
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Resolution No. 19-03
December 10, 2019
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2020
Proposed
Budget
$ 635,172
1,626,550
1,598,825
$ 662,897
Section 2. That the budget, as submitted, 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 10"' day of December, 2019.
AVON U $AN RENEWAL AUTHORITY
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Sarah Smith Hymes, Chi an
ATTEST:
Scott Wright, Treasurer
CERTIFIED: N E
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Brenda Torres, Authorit
Aj OR
Resolution No. 19-03
December 10, 2019
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