TC Resolution 19-20 Amending the 2019 Town of Avon Operating BudgetTOWN OF AVON, COLORADO
RESOLUTION NO. 19-20
A RESOLUTION TO AMEND THE 2019 TOWN OF AVON OPERATING
BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY
FUND AND AMENDING THE 2019 OPERATING BUDGETS 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, upon due and proper notice, published or posted in accordance with
the law, the proposed supplemental amendment to the 2019 budget was open for inspection
by the public at a designated place, a public hearing was held on December 10, 2019 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 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:
Original or
Current
Previously
Proposed
Amended
Amended
2019 Budget
2019 Budget
General Fund
Beginning Fund Balance
$ 6,304,042
$ 6,304,042
Revenues and Other Sources
17,301,088
18,537,651
Expenditures and Other Uses
17,285,744
17,092,515
Ending Fund Balance
6,319,386
7,749,178
Resolution No. 19-20
December 10, 2019
Pagel of 3
Community Enhancement Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Water Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Affordable Housing Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Exterior Energy Offset Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Disposable Paper Bag Fee Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Debt Service Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Resolution No. 19-20
December 10, 2019
Page 2 of 3
Original or
Previously
Amended
2019 Budget
$ 80,000
80,000
80,000
Current
Proposed
Amended
2019 Budget
$ 83,009
80,000
0
$ 80,000 $ 163,009
$ 99,200 $ 184,902
180,000 180,000
274,991 114,991
$ 4,209 $ 249,911
$ 593,027 $ 716,549
38,742 38,742
10,000 60,000
$ 621,769 $ 695,291
$ 37,768 $ 83,552
5,000 5,000
0 12,000
$ 42,768 $ 76,552
$ 18,000 $ 21,227
18,000 70,000
5,000 5,000
$ 31,000 $ 86,227
$ 535,590 $ 534,816
1,019,207 1,020,657
1,019,207 1,020,657
$ 535,590 $ 534.816
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 10"' day of December, 2019.
AVON TOWN COUNCIL
By:
Sarah Smith Hymes, Mayor
Resolution No. 19-20
December 10, 2019
Page 3 of 3
Attest: huwk 'It) r
Brenda Torres, Town
Original or
Current
Previously
Proposed
Amended
Amended
2019 Budget
2019 Budget
Mobility Enterprise Fund
Beginning Fund Balance
$ 590,306
$ 620,288
Revenues and Other Sources
2,712,043
1,861,983
Expenditures and Other Uses
2,916,023
1,863,366
Ending Fund Balance
$ 386,326
$ 618,905
Fleet Maintenance Fund
Beginning Fund Balance
$ 55,808
$ 32,334
Revenues and Other Sources
1,764,791
1,764,791
Expenditures and Other Uses
1,801,273
1,773,462
Ending Fund Balance
$ 19,326
$ 23,663
Equipment Replacement Fund
Beginning Fund Balance
$ 3,332,770
$ 3,352,436
Revenues and Other Sources
746,437
746,437
Expenditures and Other Uses
843,822
884,377
Ending Fund Balance
3,235,385
3,214,496
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 10"' day of December, 2019.
AVON TOWN COUNCIL
By:
Sarah Smith Hymes, Mayor
Resolution No. 19-20
December 10, 2019
Page 3 of 3
Attest: huwk 'It) r
Brenda Torres, Town