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TC Res. No. 1984-43• 0 RESOLUTION NO. 84-43 SERIES OF 1984 A RESOLUTION TO ADOPT THE 1985 TOWN OF AVON BUDGET A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND AND ADOPTING A BUDGET FOR THE TOWN OF AVON, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 1985, AND ENDING ON THE LAST DAY OF DECEMBER, 1985 WHEREAS, the Town Council of the Town of Avon, has appointed the Town Manager to prepare and submit a proposed budget to said governing body at the proper time; and WHEREAS, the Town Manager has submitted a proposed budget to this governing body on September 25, 1984, for its consideration; 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, a public hearing was held on October 23, 1984, 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 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 expenditures for each fund are as follows: General Fund $ 1,762,357 Public Works Fund 222,397 Transit Fund 227,900 Debt Service Fund 222,397 Special Assessment Fund 225,136 $ 2,660,187 Section 2. That estimated revenues for each fund are as follows: General Fund Revenues $ 1,664,500 Fund Balance (unappropriated) 97,857 Total General Fund $ 1,762,357 0 0 Public Works Fund Revenues $ 150,000 Transfers 66,085 Fund Balance (Unappropriated) 6,312 Total Public Works Fund $ 222,397 Transit Fund Revenues $ 227,900 Total Transit Fund $ 227,900 Debt Service Fund Transfers $ 222,397 Total Debt Service Fund $ 222,397 Special Assessment Fund Revenues $ 240,136 Total Special Assessment Fund $ 240,136 Section 3. 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 4. That the budget hereby approved and adopted shall be signed by the Town Manager and made a Dart of the public records of the Town. ADOPTED, this 23rd day of October, 1984. TOWN OF AVON, COLORADO Sheila R. Davis, Mayor Pro Ter. ATTEST: -2-