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TC Res. No. 1984-490 0 RESOLUTION NO. 84-49 SERIES OF 1984 A RESOLUTION AMENDING RESOLUTION NO. 84-43 TO ADOPT THE 1985 TOWN OF AVON BUDGET 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, the Town Council held a final public hearing on the proposed budget on December 11, 1984; and WHEREAS, the following anendments have been incorporated into the final budget: 1) Increased Judges salary in Municipal Court 2) Decreased Town's pension fund contribution from 4% January 1, to 2% January 1 and 2% on July 1. 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: 0 • Section 1. That estimated expenditures for each fund are as follows: General Fund $ 1,757,516 Public Works Fund 222,397 Transit Fund 227,900 Debt Service Fund 222,397 Special Assessment Fund 225,136 2,655,346 Section 2. That estimated revenues for each fund are as follows: General Fund Revenues Fund Balance (unappropriated) Total General Fund Public Works Fund Revenues Transfers Fund Balance (unappropriated) Total Public Works Fund Transit Fund Revenues Total Transit Fund Debt Service Fund Transfers Total Debt Service Fund Special Assessment Fund Revenues Total Special Assessment Fund $ 1,664,500 93,016 $ 1,757,516 $ 150,000 66,085 6,312 $ 222,397 $ 227,900 $ 227,900 $ 222,397 $ 222,397 $ 240,136 $ 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 part of the public records of the Town. ADOPTED, THIS 11th day of December, 1984. TOWN OF AVON, COLORADO Allan R. No tingham, Mayor -2-