TC Resolution 21-25 Amending the 2021 Town of Avon Operating Funds Budgets�''*�
AV o 1 1
RESOLUTION NO.21-25
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY
FUND AND AMENDING THE 2021 OPERATING BUDGETS FOR THE TOWN
OF AVON, COLORADO, 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 previously adopted the 2021
budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for all operating funds 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, upon due and proper notice, published or posted in accordance with the
law, the proposed supplemental amendment to the 2021 budget was open for inspection
by the public at a designated place, a public hearing was held on December 14, 2021 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 OF AVON::
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
Resolution No. 21-25
December 14, 2021
Page 1 of 3
Original or
Previously
Amended
2021 Budget
$ 10,202,887
19,349,086
18,640,946
10,911,027
Current
Proposed
Amended
2021 Budget
$ 10,202,887
21,326,845
18,807,003
12,722,729
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. 21-25
December 14, 2021
Page 2 of 3
Original or
Previously
Amended
2021 Budget
$ 246,081
80,000
178,500
Current
Proposed
Amended
2021 Budget
$ 247,473
80,000
28,500
$ 147,581 $ 298.973
$ 600,207 $ 638,649
200,000 200,000
128,358 131,348
$ 671,849 707.301
$ 2,165,857 $ 2,165,857
61,250 61,250
1,106,731 1,302,231
1,120,376 924.876
$ 112,804 $ 112,804
5,000 5,000
13,000 13,000
$ 104,804 $ 104.804
$ 101,100 $ 101,130
0 44,000
67,000 67,000
$ 34,100 78.130
$ 27,645 $ 27,645
967,385 968,485
963,855 968,485
$ 31,175 $ 27.645
Original or
Current
Previously
Proposed
Amended
Amended
2021 Budget
2021 Budget
Mobility Enterprise Fund
Beginning Fund Balance
$ 716,522
$ 725,524
Revenues and Other Sources
5,936,478
3,955,178
Expenditures and Other Uses
5,284,063
3,304,062
Ending Fund Balance
$ 1,368,937
1,376.640
Fleet Maintenance Fund
Beginning Fund Balance
$ 189,321
$ 189,321
Revenues and Other Sources
1,857,002
1,889,514
Expenditures and Other Uses
1,826,024
1,842,164
Ending Fund Balance
$ 220,299
$ 236.671
Equipment Replacement Fund
Beginning Fund Balance
$ 3,157,454
$ 3,155,954
Revenues and Other Sources
1,210,789
1,250,789
Expenditures and Other Uses
1,212,233
1,249,952
Ending Fund Balance 3,156,010 3,156.791
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 December 14, 2021 by the AVON TOWN COUNCIL
By. Attest: huat4
Sarah Smith Hymes, M or Brenda Torres, Town
Resolution No. 21-25
December 14, 2021
Page 3 of 3
0 .Y
t < v
;leL A-,