TC Resolution 20-32 Accept the Proposed Town of Avon Long-Range Capital Program and Simultaneously Adopt the Year 2021 Capital Projects Fund BudgetTOWN OF AVON, COLORADO
RESOLUTION NO. 20-32
SERIES OF 2020
A RESOLUTION TO ACCEPT THE PROPOSED TOWN OF AVON
LONG-RANGE CAPITAL PROGRAM AND SIMULTANEOUSLY ADOPT THE
YEAR 2021 CAPITAL PROJECTS FUND BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR
THE CAPITAL PROJECTS FUND AND ADOPTING A BUDGET FOR THE
CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY 2021 AND
ENDING ON THE LAST DAY OF DECEMBER 2021
WHEREAS, the Town Council of the Town of Avon has appointed the Town
Manager to prepare and submit a long-range capital program to said governing body for
its consideration; and
WHEREAS, the Town Council of the Town of Avon has appointed the Town
Manager to prepare and submit a proposed Capital Projects Fund budget to said
governing body for its consideration; and
WHEREAS, upon due and proper notice, published and 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 17 and December 8, 2020, and interested
taxpayers were given the opportunity to file or register any comment to said proposed
budget; and
WHEREAS, whatever increases may have been made in the expenditures, like
increases were added to the revenues or planned to be expended from reserves/fund
balances so that the Capital Projects Fund 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 long-range capital program as submitted to the Town Council is
hereby accepted as an official Town document and planning tool, and that the information
contained therein may be revised or extended each year with regard to capital
improvements.
Section 2. That estimated revenues and expenditures for the Capital Projects Fund
are as follows for 2021:
Resolution No. 20-32
December 8, 2020
Page 1 of 2
Capital Projects Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
2021 Proposed
Budget
$ 7,222,383
3,398,500
7,591,998
3.028,885
Section 3. That the budget, as submitted, and hereinabove summarized by fund,
hereby is approved and adopted as the Capital Projects Fund budget of the Town of Avon
for the year stated above.
Section 4. That the Capital Projects Fund budget hereby approved and adopted
shall be signed by the Mayor and made part of the public record of the Town.
ADOPTED this 8th day of December 2020.
AVON TOWN COUNCIL
By: / '�
- �" -Vkl�
Sarah Smith Hymes, Mayd
Resolution No. 20-32
December 8, 2020
Page 2 of 2
Attest: M)O(oy `moo- fZ�
Kendall Moore, Deputy Town Clerk