TC Resolution 20-29 Amend the 2020 Town of Avon Operating Budget and Summarizing Expendatures and RevenuesTOWN OF AVON, COLORADO
RESOLUTION NO. 20-29
A RESOLUTION TO AMEND THE 2020 TOWN OF AVON OPERATING
BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY
FUND AND AMENDING THE 2020 OPERATING BUDGETS FOR THE TOWN
OF AVON, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE
FIRST DAY OF JANUARY, 2020 AND ENDING ON THE LAST DAY OF
DECEMBER, 2020
WHEREAS, the Town Council of the Town of Avon has previously adopted the
2020 budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for all operating funds for 2020; and
WHEREAS, the Town Council finds it necessary to amend the 2020 budget to
more accurately reflect the revenues and expenditures for 2020; and
WHEREAS, upon due and proper notice, published or posted in accordance with
the law, the proposed supplemental amendment to the 2020 budget was open for inspection
by the public at a designated place, a public hearing was held on December 8, 2020 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 or planned to be expended from reserves/fund
balances 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 2020:
Ending Fund Balance 6,416,721
Resolution No. 20-29
December 8, 2020
Page 1 of 3
Current
Proposed
Amended
2020 Budget
$ 8,198,535
17,696,435
17,487,660
8,407,310
Original or
Previously
Amended
2020 Budget
General Fund
Beginning Fund Balance
$ 8,210,222
Revenues and Other Sources
15,622,607
Expenditures and Other Uses
17,416,108
Ending Fund Balance 6,416,721
Resolution No. 20-29
December 8, 2020
Page 1 of 3
Current
Proposed
Amended
2020 Budget
$ 8,198,535
17,696,435
17,487,660
8,407,310
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
Community 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. 20-29
December 8, 2020
Page 2 of 3
Original or
Previously
Amended
2020 Budget
$ 163,009
80,000
0
Current
Proposed
Amended
2020 Budget
$ 166,081
80,000
$ 243,009 $ 246.081
$ 249,911
360,000
126,488
$ 483.423
$ 832,594
314,478
660,000
$ 487,072
$ 76,552
5,000
0
81.552
$ 86,227
45,000
30,000
101.227
$ 534,816
1,022,763
1,022,763
$ 534.816
$ 525,747
200,000
125.540
$ 600,207
$ 832,594
1,814,179
660,000
1,986,773
$ 65,044
59,760
12,000
$ 112.804
$ 88,733
18,054
30,000
$ 76,787
$ 533,853
2,984,376
3,494,409
$ 23.350
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 8' day of December, 2020.
AVON TOWN COUNCIL
By: /"" A/V
Sarah Smith Hymes, M
UYO
Resolution No. 20-29
December 8, 2020
Page 3 of 3
Attest: &010'.P % "Y�-
Kendall Moore, Deputy Town Clerk
Original or
Current
Previously
Proposed
Amended
Amended
2020 Budget
2020 Budget
Mobility Enterprise Fund
Beginning Fund Balance
$ 618,905
$ 485,286
Revenues and Other Sources
3,557,207
1,971,196
Expenditures and Other Uses
3,981,766
1,959,867
Ending Fund Balance
$ 194,346
$ 496,615
Fleet Maintenance Fund
Beginning Fund Balance
$ 23,663
$ 54,791
Revenues and Other Sources
1,922,495
4,183,855
Expenditures and Other Uses
1,905,281
4,053,740
Ending Fund Balance
$ 40.877
$ 184,906
Equipment Replacement Fund
Beginning Fund Balance
$ 3,214,496
$ 3,277,689
Rey-enues and Other Sources
746,437
63,615
Expenditures and Other Uses
944,191
310,587
Ending Fund Balance
3.016,742
3.030.717
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 8' day of December, 2020.
AVON TOWN COUNCIL
By: /"" A/V
Sarah Smith Hymes, M
UYO
Resolution No. 20-29
December 8, 2020
Page 3 of 3
Attest: &010'.P % "Y�-
Kendall Moore, Deputy Town Clerk