TC Resolution 21-26 Amending the 2021 Town of Avon Capital Projects Fund BudgetAvon
RESOLUTION NO. 21-26
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES AND
AMENDING THE 2021 CAPITAL PROJECTS FUND BUDGET 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
Capital Projects Fund budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and expenditures
for 2021; and
WHEREAS, the Town Council finds it necessary to amend the 2021 Capital Projects Fund
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 Capital Projects Fund are
revised as follows for 2021:
Ending Fund Balance $ 6.693.259
Resolution No. 21-26
December 14, 2021
Page 1 of 2
Current
Proposed
Amended
2021 Budget
$ 12,101,243
7,076,000
9,418,845
Original or
Previously
Amended
2021 Budget
Capital Proiects Fund
Beginning Fund Balance
$ 12,101,243
Revenues and Other Sources
4,288,500
Expenditures and Other Uses
9,696,484
Ending Fund Balance $ 6.693.259
Resolution No. 21-26
December 14, 2021
Page 1 of 2
Current
Proposed
Amended
2021 Budget
$ 12,101,243
7,076,000
9,418,845
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 December 14, 2021 by the AVON TOWN COUNCIL
Attest:
Sarah Smith Hymes, Ma or Brenda Torres,
Resolution No. 21-26
December 14, 2021
Page 2 of 2
Town Clerk
SEA
t