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TC Resolution 21-19 Amending the 2021 Town of Avon BudgetRESOLUTION NO. 21-19 A RESOLUTION TO AMEND THE 2021 TOWN OF AVON BUDGET WHEREAS, the Town Council of the Town of Avon has previously adopted the 2021 budget; and WHEREAS, the Town Council has reviewed the revised estimated revenues and expenditures for 2021; and WHEREAS, the Town Council finds it necessary to amend the 2021 budget to more accurately reflect the revenues and expenditures for 2021; and WHEREAS, the Town Council has caused to be published a notice containing the date and time of a public hearing at which the adoption of the proposed budget amendment will be considered and a statement that the proposed budget amendment is available for public inspection at the office of the Town Clerk located in the Avon Town Hall during normal business hours, and that any interested elector of the Town of Avon may file any objection to the proposed budget amendment at any time prior to the final adoption of 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 the following: Section 1. That estimated revenues and expenditures for the following funds are revised as follows for 2021: General Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Res. No. 21-19 August 24, 2021 Page 1 of 2 Original or Previously Amended 2021 Budget $ 9,578,754 17,909,638 18,427,208 9,061,184 Current Proposed Amended 2021 Budget $ 10,202,887 19,349,086 18,640,946 $ 10,911,027 Original or Current Previously Proposed Amended Amended 2021 Budget 2021 Budget Capital Proiects Fund Beginning Fund Balance $ 12,098,283 $ 12,101,243 Revenues and Other Sources 4,267,500 4,288,500 Expenditures and Other Uses 9,476,861 9,696,484 Ending Fund Balance 6,888,922 6,693.259 Mobility Fund Beginning Fund Balance $ 716,522 $ 716,522 Revenues and Other Sources 5,936,478 5,936,478 Expenditures and Other Uses 5,189,887 5,284,063 Ending Fund Balance 1,463,113 1. 668,937 Fleet Maintenance Fund Beginning Fund Balance $ 184,906 $ 189,321 Revenues and Other Sources 1,857,002 1,857,002 Expenditures and Other Uses 1,776,934 1,826,024 Ending Fund Balance $ 264,974 $ 220,299 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. INTRODUCED, READ, AND ADOPTED by the Town Council of the Town of Avon on the 24' day of August, 2021. By: Sarah Smith Hymes, or Res. No. 21-19 August 24, 2021 Page 2 of 2 OF Attest: ii :SEAL*: Brenda Torres, Town Cie