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TC Res. No. 1990-55RESOLUTION NO. 90-55 SERIES OF 1990 A RESOLUTION_TO,AMEND`THE 1990 TOWN OF AVON BUDGET A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND_ AND-AMENDING THE 1990'BUDGET FOR THE TOWN OF AVON, COLORADO,, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY'OF JANUARY, 1990 AND, ENDING ON THE,LAST DAY OF DECEMBER, 1990. WHEREAS,-the Town Council of the Town of Avon has adopted,the 1990 .budget; and WHEREAS, the Town'Council reviewed the revised estimated revenues and expenditures for 1990; and WHEREAS, the Town Council finds it necessary-to amend the 1990 budget to more accurately reflect the revenues and expenditures for 1990; 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 the General Fund is as follows for 1990: 1990 1990 BUDGET AMENDED BUDGET General Fund $4,358,477 Police Capital Expenditures $12,500 (to be purchased with grant funds) TOTAL EXPENDITURES $4,370,977 Section 2. That estimated revenues for the General Fund is as follows: 1990 1990 BUDGET AMENDED BUDGET General Fund $4,202,289 $4,202,289 Fund Balance 156,188 168,688 TOTAL REVENUES $4,358,477 $4,370,977 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 11th day of December, 1990. TOWN OF AVON, COLORADO Jer y Dav's, Mayor