TC Res. No. 1988-23RESOLUTION NO. 88-23
SERIES OF 1988
A RESOLUTION TO ADOPT THE 1989 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, 1989,
AND ENDING ON THE LAST DAY OF DECEMBER, 1989.
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 20, 1988, 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 25,'1988, and interested taxpayers were
given the opportunity to file or register any comment so 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 1989:
General Fund $ 3,019,666
Public Improvements Fund 270,290
Community Center Fund -0-
Debt Service Fund 442,310
3,732,266
0 0
Section 2. That estimated revenues for each fund are
as follows:
General Fund
Revenues $ 2,942,708
Fund Balance 76,958
Total General Fund $ 3,019,666
Publice Works Fund
Revenues $ 230,000
Fund Balance 40,290
Total Public Works Fund $ 270,290
Community Center Fund
Revenues $ 164,290
Total Community Center
Fund $ 164,290
Debt Service Fund
Transfers $ 381,000
Fund Balance 61,310
Total Debt Service Fund $ 442,310
Section 3. That the budget, as submitted and herein-
above 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 9th day of November, 1988.
TOWN OF AVON, COLORADO
T-
Allan R Nottin am, Mayor
E
Patrice
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. ,Xoyle`,t ToWh C
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