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TC Res. No. 1988-22RESOLUTION NO. 88-22 SERIES OF 1988 A RESOLUTION TO AMEND THE 1988 TOWN OF AVON BUDGET A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND AND AMENDING THE 1988 BUDGET FOR THE TOWN OF AVON, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 1988, AND ENDING ON THE LAST DAY OF DECEMBER, 1988. WHEREAS, the Town Council of the Town of Avon has adopted the 1988 budget; and WHEREAS, the Town Council reviewed the revised estimated revenues and expenditures for 1988; and WHEREAS, the Town Council finds it necessary to amend the 1988 budget to more accurately reflect the revenues and expenditures for 1988; 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 1988: 1988 1988 Budget Amended Budget General Fund $ 2,578,855 $ 2,662,007 Public Works Fund 1,371,500 1,400,000 Debt Service Fund 390,843 387,843 4,341,198 4,449,850 9 0 Section 2. That estimated revenues for each fund are as follows: General Fund Revenues $ 2,720,625 $ 2,670,452 Total General Fund $ 2,720,625 $ 2,670,452 Public Works Fund Revenues 341,000 309,000 Fund Balance 1,030,500 1,091,000 $ 1,371,500 $ 1,400,000 Debt Service Revenues $ 297,969 $ 296,969 Fund Balance 92,874 90,874 $ 390,843 387,843 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 part of the public records of the Town. ADOPTED this 9th day of November, 1988. TOWN OF AVON, COLORADO Allan R. Notting am, Mayor -2-