TC Resolution 23-19 Amending the 2023 Town of Avon BudgetA
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TOWN OF AVON, COLORADO
RESOLUTION NO.23-19
A RESOLUTION TO AMEND THE 2023 TOWN OF AVON BUDGET
WHEREAS, the Town Council of the Town of Avon has previously adopted the
2023 budget; and
WHEREAS, the Town Council has reviewed the revised estimated revenues and
expenditures for 2023; and
WHEREAS, the Town Council finds it necessary to amend the 2023 budget to
more accurately reflect the revenues and expenditures for 2023; 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 2023:
General Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Res. No. 23-19
September 12, 2023
Page 1 of 3
Original or
Previously
Amended
2023 Budget
$ 20,670,237
24,796,582
26,260,421
19,206,398
Current
Proposed
Amended
2023 Budget
$ 20,311,855
24,825,480
25,157,344
18.497.991
Original or
Current
Previously
Proposed
Amended
Amended
2023 Budget
2023 Budget
Capital Proiects Fund
Beginning Fund Balance
$ 14,190,357
$ 14,018,774
Revenues and Other Sources
10,269,085
10,687,330
Expenditures and Other Uses
22,458,201
23,002,937
Ending Fund Balance
2,001,241
1,703,167
Water Fund
Beginning Fund Balance
$ 925,520
$ 1,008,884
Revenues and Other Sources
762,000
762,000
Expenditures and Other Uses
1,295,316
1,297,816
Ending Fund Balance
$ 392,204
$ 473.068
Paver Bae Fee Fund
Beginning Fund Balance $ 167,988 $ 168,009
Revenues and Other Sources 55,000 55,000
Expenditures and Other Uses 75,407 140,407
Ending Fund Balance $ 147,581 $ 82.602
Fleet Maintenance Fund
Beginning Fund Balance $ 429,071 $ 512,200
Revenues and Other Sources 2,974,280 3,043,030
Expenditures and Other Uses 3,000,082 3,066,632
Ending Fund Balance $ 403,269 $ 488,598
Mobility Fund
Beginning Fund Balance $ 1,098,870 $ 1,382,370
Revenues and Other Sources 3,097,344 3,097,344
Expenditures and Other Uses 3,780,660 3,830,882
Ending Fund Balance $ 415,554 $ 648,832
Res. No. 23-19
September 12, 2023
Page 2 of 3
Original or
Current
Previously
Proposed
Amended
Amended
2023 Budget
2023 Budget
Equipment Replacement Fund
Beginning Fund Balance
$ 4,219,735
$ 4,219,735
Revenues and Other Sources
1,989,757
1,989,757
Expenditures and Other Uses
2,512,988
2,542,260
Ending Fund Balance
3,684,928
3,693,605
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 this 12th September, 2023.
AVON TOWN COUNCIL
Attest: r
Miguel Jauregui C
Res. No. 23-19
September 12, 2023
Page 3 of 3
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