TC Res. No. 1985-41i •
RESOLUTION NO. 85-41
SERIES OF 1985
A RESOLUTION TO ADOPT THE 1986 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,
1986, AND ENDING ON THE LAST DAY OF DECEMBER, 1986.
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 October 1, 1985, 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 22, 1985 and November 26, 1985, 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 for 1986:
General Fund $ 2,079,934
Public Improvements 530,000
Transit Fund 580,300
Debt Service Fund 223,905
3,414,139
Section 2. That estimated revenues for each fund are
as follows:
General Fund
Revenues $ 1,994,850
Fund Balance (Unappropriated) 85,084
Total General Fund $ 2,079,934
Public Works Fund
Revenues $ 222,500
Transfers 193,500
Fund Balance (Unappropriated) 114,000
Total Public Works Fund $ 530,000
Transit Fund
Revenues 580,300
Total Transit Fund $ 580,300
Debt Service Fund
Transfers $ 223,905
Total Debt Service Fund $ 223,905
Section 3. That the budget as submitted, 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 ~1l day of JA~Lz 1985.
TOWN OF AVON, COLORADO
I
Allan R. ottingham, Mayor
AMMPQM•
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6 0
TO: The Honorable Mayor and Town Council
FROM: William D. James, Town Manager
DATE: November 21, 1985
SUBJECT:Budget Changes
1) Sales Tax - Decreased by $60,000 as a result of applying
1% to utility rather than 4%.
2) Recreational Maintenance Fees - Increased by $50,000 -
Transit Operating Budget $340,300
times 35.8% Christie Lodge
ridership $121,828
divided estimated number
of lodge owners in 12/31/85
12,000 $ 10.15 per week
1986 Budget includes $10.00 per week.
3) Contingency - Increased by $10,900 - moved contributions of
other agencies not related to marketing, from
marketing account to contingency.
4) Marketing - Reflects $30,250 contribution to the 1989 World Cup.
5) Police - Increased by $1,530 to purchase bullet proof
vests for police officers.
6) Special Events - Decreased by $28,000--4th of July was taken
out of the budget.
7) Transfer to other Funds - Transit-added $28,000 for night time
bus service during ski season
8) Transit Fund - Increased by $28,000 for night time bus service.
I will have justification for the 1% Amenities Tax available at the
work shop.
Also, you have a resolution to amend the 1985 budget. This resolution
is a routine matter to reflect our revised revenue and expenditure
estimates.
0 a
RESOLUTION NO. 85-42
SERIES OF 1985
WHEREAS, the fourth Tuesday in each month is set
aside for the regular meetings of the Town Council of the
Town of Avon; and
WHEREAS, the fourth Tuesday in December, 1985 is
also Christmas Eve Day.
- NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL
OF THE TOWN OF AVON, COLORADO, THAT:
The regular meeting of the Town Council scheduled
for Tuesday, December 24, 1985 is hereby vacated and canceled.
ADOPTED this 10th day of December, 1985.
TOWN OF AVON, COLORADO
Allan R. Notting a Mayor
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