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TC Res. No. 1999-32RESOLUTION NO. 99-32 SERIES OF 1999 A RESOLUTION TO AMEND THE 1999 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, 1999, AND ENDING ON THE LAST DAY OF DECEMBER, 1999. WHEREAS, the Town Council of the Town of Avon has adopted the 1999 budget; and WHEREAS, the Town Council reviewed the revised estimated revenues and expenditures for 1999; and WHEREAS, the Town Council finds it necessary to amend the 1999 budget to more accurately reflect the revenues and expenditures for 1999; 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 1999: Original or Previously Amended 1999 Budget Capital Projects Fund Beginning Fund Balance $ 6,031,113 Revenues and Other Sources 1,822,836 Expenditures and Other Uses 5,963,670 Ending Fund Balance $ 1,890,339 Current Proposed Amended 1999 Budget $ 6,031,173 2,110,637 6,101,471 $ 2,040,339 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 27'b day of July, 1999. TOWN OF AVON, COLORADO Yoder r Capital Projects Fund #41 Amended Budget #2 -1999 a a Fun~dSummary Original or Current Prev. Amend. Proposed Difference Actual Actual Budget Amendment Increase . 1997 1998 1999 1999 (Decrease) REVENUES . Taxes $ 1,543,707 $ 1,950,670 $ 1,050,000 $ 1,300,000 $ 250,000 Intergovernmental 1,221,305 607,869 300,000 300,000 - Investment Earnings 162,915 125,804 100,000 137,801 37,801 Other Revenue 3,439 73,969 8,000. 8,000 - Total Operating Revenues 2,931,366 2,758,312 1,458,000 1,745,801 287,801 Other Sources: Transfers In from Other Funds Capital Lease Proceeds Bond Proceeds TOTAL REVENUES EXPENDITURES Capital Improvements: Facilities Land and Land Improvements Roads and Streets Recreation Strategic Planning Communications Other Debt Service: Principal Interest bond issuance Costs Total Other Uses Operating Transfer-Out to Debt Service Operating Transfer-Out to Wildridge S.I.D TOTAL EXPENDITURES NET SOURCE (USE) OF FUNDS FUND BALANCE, Beginning of Year FUND BALANCE, End of Year - 2,059,507 250,836 250,836 - - 114,000 114,000 114,000 3,619,721 7,003,566 - - - 6,551,087. 11,935,385 1,822,836 2,110,637 287,801 80,104 4,965,193 • 4,580,736 4,718,537 137,801 173,439 128,966 - - - 4,885,342 1,565,150 1,063,000 1,063,000 - 26,195 44,537 25,000 25,000 - 23,784 - 139,939 139,939 - 3,750 1,500 6,000 6,000 - 50,000 397,321 132,804 132,804 - 3,750 - - - - - 116,461 236,187 - - - 5,362,825 7,338,854 5,947,479 6,085,280 137,801 - .563,570 - - - 18,151 17,171 16,191 16,191 - 5,380,976 7,919,595 5,963,670 6,101,471 137,801 - 1,170,111 4,015,790 (4;140,834) (3,990,834) 150,000 845,272 2,015,383 -6,031,173 6,031,173 - $ 2,015,383 $ 6,031,173- . $ 1,890,339 $ 2,040,339 $ 150,000 Page 1 Capital Projects Fund #41 Amended Budget #2 -1999 M HL Revenue ®efiail,. - . Original or Current Prev. Amend. Proposed Difference Account Actual Actual Budget Amendment Increase Number Description 1997 1998 1999 1999 (Decrease) Taxes: 51401 Real Estate Transfer Tax $ 1,543,707 $ 1,950,670 $ 1,050,000 $ 1,300,000 $ 250,000_ 51000 Total Taxes 1,543,707 1,950,670 1,050,000 1,300,000 250,000 Intergovernmental: Federal Grants: 53102 OEC Grant 40,000 - - - - Subtotal: Federal Grants 40,000 - - - State Grants: 53201 CDOT 268,000 89,319 - - - Subtotal: State Grants 268,000 89,319 - - - Local Government/Other Agency: 53401 Avon Village - - 300,000 300,000 53401 Beaver Creek Metro District 578,691 283,798 - - - 53401 Bachelor Gulch/Smith Creek 143,874 199,293 - - - 53401 Arrowhead 70,910 35,459 53401 Eagle River Water & Sanitation District 119,830 - - - - Subtotal: Local Government/Other Agency 913,305 518,550 300,000 300,000 53000 Total Intergovernmental 1,221,305 607,869 300,000 300,000 - Investment Earnings: 57101. Interest Earnings 162,915 125,804 100,000 137,801 37,801 57000 Total Investment Earnings 162,915 125,804 100,000 137,801 37,801 Other Revenues: 58102 Utility Capital Facility Fees 1,017 1,696 2,000 2,000 - 58103 Fireplace Fees 1,500 4,500 6,000 6,000 - 58999 Miscellaneous Nonclassified Revenues 922 67,773 - - - 58000 Total Other Revenues 3,439 73,969 8,000 8,000 ' - Other Sources: 59201 Transfer In from Other Funds - 2,059,507 250,836 250,836 - 59301 General Obligation Bond Proceeds 3,619,721 - - - 59303 Capital Lease Proceeds - 114,000 114,000 114,000 - 59304 Certificates of Participation Proceeds - 7,003,566 - - - 59000 Total Other Sources 3,619,721 9,177,073 364,836 364,836 50000 TOTAL REVENUES $ 6,551,087 $ 11,935,385 $ 1,822,836 $ 2,110,637 287,801 Page 2 Capital Projects Fund #41 Amended Budget #2 -1999 CIP Projects Inventory Original or Current Prev. Amend. Proposed Difference Account Actual Actual Budget Amend. Budget Increase Number Description 1997 1998 1999 1999 (Decrease) CAPITAL IMPROVEMENT PROJECTS Facilities: 11001 Municipal Building Improvements N/A Municipal Building Rock Work 12001 Fire Station Expansion/Remodel 13001 Swift Gulch Facility 13002 Pump House and Picnic Shelter 13003 Park Equipment Storage Land and Land Improvements: Parks: 21001 Pocket Parks WA Lot 16 Roads and Streets: Streetscape: 31001 Streetscape Planning 31002 W. Beaver Creek Blvd. 31003 Wildridge Entry Sign Street Improvements: 32001 Paving/Road Improvements 32002 W. Beaver Creek Blvd. RR Crossing 32003 Chapel Square Reimbursement Multi-Modal/Altemative Mobility 34001 Sidewalks 34002 East Avon Access and Circulation Implementation 34003 Roundabout Pedestrian Crosswalk Improvements 35001 Roundabouts 36001 Public Art Work Recreation: 51001 Nottingham Park Basketball Court Strategic Planning: 71001 Development Analysis and Review 79001 Planning and Consulting Communications: 81001 800 Mhz Radio System WA Telecommunications Study Other: 91001 Fireplace Conversions Total Capital Improvement Projects 3,626 363,669 - - - 9,867 - - - - - - 18,000 18,000 - 66,611 4,240,472 4,262,736 4,400,537 137,801 - 361,052 - - - - - 300,000 300,000 - 2,699 128,966 - - - 170,740 - - - - - 41,178 - - - - - 45,000 45,000 - 153,871 181,308 186,000 186,000 - - 51,344 - - - - - 200,000 200,000 - 30,675 - - - - - - 265,000 265,000 - - - 139,000 139,000 - 4,700,796 1,155,320 - - - - 136,000 228,000 228,000 - 19,945 20,768 - - - 6,250 23,769 25,000 25,000 - - - 139,939 139,939 - 23,784 - - - - 3,750 1,500 6,000 6,000 - $ 5,192,614 $ 6,705,346 $ 5,814,675 $ 5,952,476 $ 137,801 Page 3