TC Resolution 23-29 Adopting The Town of Avon Long-Range Capital Program and Simultaneously Adopt The 2024 Capital Projects Fund Budget,ovo n
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RESOLUTION NO.23-29
ADOPTING THE TOWN OF AVON LONG-RANGE CAPITAL PROGRAM AND
SIMULTANEOUSLY ADOPT THE 2024 CAPITAL PROJECTS FUND BUDGET
WHEREAS, the Town Council of the Town of Avon has directed the Town Manager to
prepare and submit a long-range capital program to said governing body for its
consideration; and
WHEREAS, the Town Council of the Town of Avon has directed the Town Manager to
prepare and submit a proposed Capital Projects Fund budget to said governing body for
its consideration; and
WHEREAS, upon due and proper notice, published and 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 October 24, November 14, and December 12, 2023, and
interested taxpayers were given the opportunity to file or register any comment 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 Capital Projects Fund budget remains in balance, as required by law.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN OF AVON:
Section 1. That long-range capital program as submitted to the Town Council is hereby
accepted as an official Town document and planning tool, and that the information
contained therein may be revised or extended each year with regard to capital
improvements.
Section 2. That estimated revenues and expenditures for the Capital Projects Fund are as
follows for 2024:
2024 Proposed
Resolution No. 23-29
December 12, 2023
Page 1 of 2
Budget
Capital Proiects Fund
Beginning Fund Balance $ 2,908,167
Revenues and Other Sources 13,750,000
Expenditures and Other Uses 9,839,284
Ending Fund Balance 6,818,883
Section 3. That the budget, as submitted, and hereinabove summarized by fund, hereby
is approved and adopted as the Capital Projects Fund budget of the Town of Avon for the
year stated above.
Section 4. That the Capital Projects Fund budget hereby approved and adopted shall be
signed by the Mayor and made part of the public record of the Town.
ADOPTED December 12, 2023 by the AVON TOWN COUNCIL
By: Attest:
Amy IlVps, Mayor Miguel Jauregui/ sanueva, T
Resolution No. 23-29
December 12, 2023
Page 2 of 2
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