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TC Res. No. 1998-74RESOLUTION NO. 98-74 SERIES OF 1998 A RESOLUTION TO ADOPT THE 1999 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, 1999, AND ENDING ON THE LAST DAY OF DECEMBER, 1999. 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 on October 13, 1998, for its consideration; and WHEREAS, upon due and proper notice, published and posted in accordance with the law, said proposed budget was open for inspection by the public ata designated place. A public hearing was held on October 27, 1998, and interested taxpayers were given the opportunity to file or register any comment to said proposed budget; and WHEREAS, whatever increases may have been made in the expenditures, like increase 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 each fund are as follows for 1999: 1999 1999 Proposed Adopted Budget Budget General Fund Beginning Fund Balance $ 4,586,446 $ 4,586,446 Revenues and Other Sources 9,550,619 9,550;619 Expenditures and Other Uses 10,.248.464 10,248.464 Ending Fund Balance $ 3;,888;,601 $ 3.888,601 1999 1999 Proposed Adopted Budget Diu g Mall Maintenance Fund Beginning Fund Balance $ 0 $ 0 Revenues and Other Sources 76,209 76,209 Expenditures and Other Uses 76.209 76.209 Ending Fund Balance $ 0 $ 0 1 Fire Operations Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Debt Service Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Wildridgg Special Assessment Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Avon Metropolitan District Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Capital Projects Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance 1-999 Proposed Budget $ 0 2,050,087 2,050,087 1999 Proposed Budget $ 915,952 1,858,357 1,858,357 1999 Proposed uB diet $ 39,922 79,191 116,500 $ 2.613 1999 Proposed Budget $ 151,509 573,136 699,538 $ 25,107 1999 Adopted Budget, $ 0 2,050,087 2,050,087 1999 Adopted Budget $ 915,952 1,858,357 1.858.357 $ 915,952 1999 Adopted Bum $ 39,922 79,191 116.500 $ - 2.613 1999 Adopted Bu $ 151,509 573,136 699.538 $ 25,107 1999 1999 Proposed Budget Adopted Bud g $ 4,300,455. $ 4,300,455 1,272,000 1,272,000 4,926,292 4,926,292 $ 646,163 $ 646.163 2 Water Enterprise Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Transit Enterprise Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance 1999 Proposed Budget $ 1,366,937 417,850 105.638 $ 1.679.149 1999 Proposed Budget $ 0 3,630,141 3,630.141 $ 0 1999 Proposed Budget Fleet Mantenanceinternal Service Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance $ 0 1,476,772 1,456.475 $ 20.297 1999 Proposed Budget Rnnin_ Renlacement Internal Service Fund Beginning Fund Balance, Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance $ 0 591,785 494.901 $ 96.884 1999 Adopted Budget $ 1,366,937 417,850 105.638 $ 1.679.149 1999 Adopted Bu $ 0 3,630,141 3.630.141 $ 0 1999 Adopted Budget $ 0 1,476,772 1.456.475 $ 20.297 1999 Adopted Bud g $ 0 591,785 494.901 $ 96.884 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 Mayor and made part of the public record of the Town. ADOPTED this 10`' day of November, 1998. 3 TOWN OF AVON, COLORADO Jac Fawcett Mayor 4