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URA Res. 22-02 Summarizing 2023 Expenditures and Revenues and Adopting the 2023 URA BudgetAvon C 0 L C R A 0 0 AVON URBAN RENEWAL AUTHORITY RESOLUTION NO.22-02 A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES AND ADOPTING A BUDGET FOR THE AVON URBAN RENEWAL AUTHORITY FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2023, AND ENDING ON THE LAST DAY OF DECEMBER, 2023. WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority has directed the Authority's Executive Director to prepare and submit a proposed budget for its consideration; and WHEREAS, Scott Wright, Treasurer, has submitted a proposed budget and held a budget retreat with said governing body on October 28, 2022; and WHEREAS, upon due and proper notice, published or posted in accordance with the law, said proposed budget was open for inspection by the public at a designated place, public hearings were held on November 8, November 15, and December 13, 2022 and interested taxpayers were given the opportunity to file or register any objections to said proposed budget; 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 AVON URBAN RENEWAL AUTHORITY: Section 1. That estimated revenues and expenditures for the Avon Urban Renewal Authority are as follows for 2023: Avon Urban Renewal Authority Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Avon Urban Renewal Authority Resolution No. 22-02 December 13, 2022 Page 1 of 2 2023 Proposed Bud.get $ 128,927 1,834,772 1,805,979 $ 157,720 Section 2. That the budget, as submitted, hereby is approved and adopted as the budget of the Avon Urban Renewal Authority for the year stated above. Section 3. That the budget hereby approved and adopted shall be signed by the Chairman and made part of the public record of the Authority. ADOPTED December 13, 2022 by the AVON URBAN RENEWAL AUTHORITY BOARD OF COMMISSIONERS o By:4 JA Sarah Smith Hymes, ai an CERTIFIED: S Miguel Ja r gui Casanue Authority 4 Ik �-;- .., , Avon Urban Renewal Authority Resolution No. 22-02 December 13, 2022 Page 2 of 2 Atte Scott Wright, Treasurer