TC Res. No. 1998-19RESOLUTION NO. 98-19
SERIES OF 1998
A RESOLUTION TO AMEND THE 1998 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY
FUND AND AMENDING THE 1998 BUDGET FOR THE TOWN OF AVON,
COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF
JANUARY, 1998, AND ENDING ON THE LAST DAY OF DECEMBER, 1998.
WHEREAS, the Town Council of the Town of Avon has adopted the 1998
budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for 1998; and
WHEREAS, the Town Council finds it necessary to amend the 1998 budget to
more accurately reflect the revenues and expenditures for 1998; 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 revenues and expenditures for the following fund- is as
follows for 1998:
Original or
Previously
Amended
1998'
Budget
Capital Projects Fund
Beginning Fund Balance $ 1,218,441
Revenues and Other Sources 1,528,176
Expenditures and Other Uses 1.969.054
Ending Fund Balance $ 777.563
Current
Proposed
Amended
1998
Budg
$ 1,716,772
1,466,495
2,544,976
$ 621.120
Section 2. 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 3. That the budget hereby approved and adopted shall be signed by the
Town manager and made part of the public record of the Town.
ADOPTED this 24d ay of February, 1998.
TOWN OF AVON, COLORADO
lack Fawcett, Mayor
ATTEST:
Melanie Dyck
Acting Town Clerk