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TC Resolution 22-26 Summarizing Expenditures and Revenues by Fund and Amending the 2022 Operating BudgetAvo n 0 L Gf?AL' 0 RESOLUTION NO. 22-26 A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY FUND AND AMENDING THE 2022 OPERATING BUDGETS FOR THE TOWN OF AVON, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2022 AND ENDING ON THE LAST DAY OF DECEMBER, 2022 WHEREAS, the Town Council of the Town of Avon has previously adopted the 2022 budget; and WHEREAS, the Town Council reviewed the revised estimated revenues and expenditures for all operating funds for 2022; and WHEREAS, the Town Council finds it necessary to amend the 2022 budget to more accurately reflect the revenues and expenditures for 2022; and WHEREAS, upon due and proper notice, published or posted in accordance with the law, the proposed supplemental amendment to the 2022 budget was open for inspection by the public at a designated place, a public hearing was held on December 13, 2022 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 2022: Original or Previously Amended 2022 Budizet General Fund Beginning Fund Balance $ 14,567,561 Revenues and Other Sources 25,428,893 Expenditures and Other Uses 23,156,197 Ending Fund Balance 16,840,257 Resolution No. 22-26 December 13, 2022 Page 1 of 3 Current Proposed Amended 2022 Budget $ 14,567,561 25,799,295 22,962,193 17,404,663 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. 22-26 December 13, 2022 Page 2 of 3 Original or Previously Amended 2022 Budget $ 298,973 80,000 136,000 Current Proposed Amended 2022 Budget $ 301,421 80,000 20,000 $ 242.973 $ 361.421 $ 707,301 200,000 177,308 $ 729.993 $ 1,303,307 1,680,767 2,479,569 $ 504,505 $ 104,804 5,000 13,000 96.804 $ 78,130 44,000 60,000 $ 62.130 $ 36,433 959,708 959,708 $ 36.433 $ 722,014 200,000 207,308 $ 714.706 $ 1,303,307 1,680,767 1,811,309 1.172.765 $ 109,238 129,984 41,000 $ 198.222 $ 107,151 55,000 60,000 $ 102.151 $ 36,433 959,708 961,208 $ 34.933 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 13, 2022 by the AVON TOWN COUNCIL 5flu"By: Attest: Sarah Smith Hymes, Mayor W�� Miguel Jauregui C ueva, Resolution No. 22-26 December 13, 2022 Page 3 of 3 Original or Current Previously Proposed Amended Amended 2022 Budget 2022 Budget Mobility Enterprise Fund Beginning Fund Balance $ 1,595,418 $ 1,549,195 Revenues and Other Sources 4,553,646 4,149,246 Expenditures and Other Uses 5,814,687 4,599,571 Ending Fund Balance 334.377 1.098.870 Fleet Maintenance Fund Beginning Fund Balance $ 236,671 $ 406,486 Revenues and Other Sources 1,788,286 2,011,772 Expenditures and Other Uses 1,733,702 1,989,187 Ending Fund Balance $ 291,255 429.071 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 13, 2022 by the AVON TOWN COUNCIL 5flu"By: Attest: Sarah Smith Hymes, Mayor W�� Miguel Jauregui C ueva, Resolution No. 22-26 December 13, 2022 Page 3 of 3