TC Resolution 22-08 Amending the 2022 Town of Avon Budget,von
COLORADO
TOWN OF AVON, COLORADO
RESOLUTION NO.22-08
A RESOLUTION TO AMEND THE 2022 TOWN OF AVON BUDGET
WHEREAS, the Town Council of the Town of Avon has previously adopted the
2022 budget; and
WHEREAS, the Town Council has reviewed the revised estimated revenues and
expenditures 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, 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:
Section 1. That estimated revenues and expenditures for the following funds are
revised as follows for 2022:
Original or
Current
Previously
Proposed
Amended
Amended
2022 Budget
2022 Budget
General Fund
Beginning Fund Balance
$ 12,664,061
$ 12,664,061
Revenues and Other Sources
22,411,420
22,429,209
Expenditures and Other Uses
22,199,792
22,632,937
Ending Fund Balance
12,875,689
12,60.333
Res. No. 22-08
May 10, 2022
Page 1 of 3
Original or
Current
Previously
Proposed
Amended
Amended
2022 Budget
2022 Budj4et
Capital Pro iects Fund
Beginning Fund Balance
$ 9,758,398
$ 13,782,410
Revenues and Other Sources
4,577,500
4,609,795
Expenditures and Other Uses
8,014,795
11,081,529
Ending Fund Balance
6,321,103
7,210.676
Community Housing Fund
Beginning Fund Balance
$ 924,876
$ 1,303,309
Revenues and Other Sources
1,405,767
1,405,767
Expenditures and Other Uses
1,200,000
2,351,018
Ending Fund Balance
1.130.643
$ 358.058
Fleet Maintenance Fund
Beginning Fund Balance
$ 236,671
$ 431,174
Revenues and Other Sources
1,788,286
1,788,286
Expenditures and Other Uses
1,733,702
1,759,300
Ending Fund Balance
$ 291,255
$ 460.160
Mobility Fund
Beginning Fund Balance
$ 1,376,640
$ 1,595,418
Revenues and Other Sources
4,567,025
4,553,646
Expenditures and Other Uses
5,554,578
5,814,687
Ending Fund Balance
389,087
$ 334,377
Equipment Replacement Fund
Beginning Fund Balance
$ 3,156,791
$ 3,472,094
Revenues and Other Sources
1,206,958
1,206,958
Expenditures and Other Uses
853,350
1,274,094
Ending Fund Balance
3,510,399
3.404,958
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.
Res. No. 22-08
May 10, 2022
Page 2 of 3
ADOPTED this 10t" May, 2022.
AVON TOWN COUNCIL
By:
Sarah Smith Hymes, May r
Res. No. 22-08
May 10, 2022
Page 3 of 3
Attest:
Torres, Town
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