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TC Resolution 22-20 Amending the 2022 Town of Avon BudgetA ,ovon COLORADO TOWN OF AVON, COLORADO RESOLUTION NO.22-20 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: General Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Res. No. 22-20 September 13, 2022 Page 1 of 2 Original or Previously Amended 2022 Budget $ 12,664,061 22,429,209 22,632,937 12,460,333 Current Proposed Amended 2022 Budget $ 14,567,561 25,428,893 23,156,197 16,840,257 Original or Current Previously Proposed Amended Amended 2022 Budget 2022 Budget Community Housing Fund Beginning Fund Balance $ 1,303,309 $ 1,303,307 Revenues and Other Sources 1,405,767 1,680,767 Expenditures and Other Uses 2,351,018 2,479,569 Ending Fund Balance 358,058 504 505 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 131h September, 2022. AVON TOWN COUNCIL By: (4/YYV4" Sarah Smith Hymes, M for Res. No. 22-20 September 13, 2022 Page 2 of 2 Attest: Brenda Torres, Town AWN OF IS E A