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TC Resolution 19-21 Amending the 2019 Town of Avon Capital Projects Fund BudgetTOWN OF AVON, COLORADO RESOLUTION NO. 19-21 SERIES OF 2019 A RESOLUTION TO AMEND THE 2019 TOWN OF AVON CAPITAL PROJECTS FUND BUDGET A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES AND AMENDING THE 2019 CAPITAL PROJECTS FUND 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 Capital Projects Fund budget; and WHEREAS, the Town Council reviewed the revised estimated revenues and expenditures for 2019; and WHEREAS, the Town Council finds it necessary to amend the 2019 Capital Projects Fund 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 Capital Projects Fund are revised as follows for 2019: Res. No. 19-21 December 10, 2019 Page 1 of 2 Section 2. That the Capital Projects Fund budget, as submitted, amended, and hereinabove summarized by fund, hereby is approved and adopted as the capital program budget of the Town of Avon for the year stated above. Section 3. That the Capital Projects Fund budget as hereby approved and adopted shall be signed by the Mayor and made part of the public record of the Town. ADOPTED this 10th day of December 2019. AVON TOWN COUNCIL BY: Sarah Smith Hymes, Mayo Res. No. 19-21 December 10, 2019 Page 2 of 2 S Attest: E Brenda Torres, Town C rk'•. Original or Current Previously Proposed Amended Amended 2019 Budget 2019 Budget Capital Projects Fund Beginning Fund Balance $ 7,940,477 $ 7,940,477 Revenues and Other Sources 3,498,750 3,370,000 Expenditures and Other Uses 6,700,115 6,420,340 Ending Fund Balance 4,739,112 4,890.137 Section 2. That the Capital Projects Fund budget, as submitted, amended, and hereinabove summarized by fund, hereby is approved and adopted as the capital program budget of the Town of Avon for the year stated above. Section 3. That the Capital Projects Fund budget as hereby approved and adopted shall be signed by the Mayor and made part of the public record of the Town. ADOPTED this 10th day of December 2019. AVON TOWN COUNCIL BY: Sarah Smith Hymes, Mayo Res. No. 19-21 December 10, 2019 Page 2 of 2 S Attest: E Brenda Torres, Town C rk'•.