TC Res. No. 1999-45RESOLUTION NO. 9945
SERIES OF 1999
A RESOLUTION TO ACCEPT THE PROPOSED TOWN OF AVON LONG
RANGE CAPITAL PROGRAM AND SIMULTANEOUSLY ADOPT THE YEAR 2000
CAPITAL PROJECTS FUND BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR THE
CAPITAL PROJECTS FUND AND ADOPTING A BUDGET FOR THE CALENDAR
YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2000, AND ENDING ON
THE LAST DAY OF DECEMBER, 2000.
WHEREAS, the Town Council of the Town of Avon has appointed the Town
Manager to prepare and submit a long-range capital program to said governing body for
its consideration; and
WHEREAS, the Town Council of the Town of Avon has also appointed the Town
Manager to prepare and submit a proposed Capital Projects Fund budget to said
governing body 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 at a designated place.
A public hearing was held on September 28, 1999, 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 Capital Projects Fund 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 the long-range capital program as submitted to the Town Council
is hereby accepted as an official Town document and planning tool, and that the
information contained therein may be revised or extended each year with regard to capital
improvements.
Section 2. That estimated revenues and expenditures for the Capital Projects
Fund are as follows for 2000:,
2000
2000
Proposed
Adopted
Budget
Budget
C_ apital_Projects Fund
Beginning Fund Balance
$ 2,018,708
$ 2,018,708
Revenues and Other Sources
1,699,131
1,609,131
Expenditures and Other Uses
2,298,802
2,298,802
Ending Fund Balance
$ 1,419,031
$ 1,419,037
Section 3. That the budget, as submitted, and hereinabove summarized, hereby is
approved and adopted as the Capital Projects Fund budget of the Town of Avon for the
year stated above.
Section 4. That the Capital Projects Fund budget hereby approved and adopted
shall be signed by the Mayor and made part of the public record of the Town.
ADOPTED this 28'h day of September, 1999.
TOWN OF AVON, COLORADO
~
Ju oder
yor
2
MUNICIPAL SERVICES
Capital Projects Fund #41
Original or
Final
Prev. Amend.
Revised
Proposed
Actual
Budget
Budget
Budget
1998
1999
1999
2000
REVENUES
Taxes
$ 1,950,670
$ 1,300,000
$ 1,300,000
$ 1,050,000
Intergovernmental
607,869
300,000
300,000
570,000
Investment Earnings
125,804
137,801
137,801
68,131
Other Revenue
73,969
8,000
30,500
11,000
Total Operating Revenues
2,758,312
1,745,801
1,768,301
1,699,131
Other Sources:
Transfer In from Other Funds
2,059,507
250,836
250,836
-
Bond Proceeds
7,085,000
-
-
-
Capital Lease Proceeds
114,000
114,000
114,000
-
TOTAL REVENUES
12,016,819
2,110,637
2,133,137
1,699,131
EXPENDITURES
Capital Improvements:
Facilities
4,965,193
4,718,537
4,718,537
187,000
Land and Land Improvements
128,966
-
-
-
Roads and Streets
1,565,150
1,063,000
1,031,500
1,757,175
Recreation
-
-
-
185,000
Strategic Planning
44,537
25,000
52,500
25,000
Communications
-
139,939
239,939
-
Other
1,500
6,000
6,000
6,000
Debt Service:
Capital Lease Payments
397,321
132,804
80,935
123,416
Total
7,102,667
6,085,280
6,129,411
2,283,591
Other Uses
Bond Issuance Costs
317,621
-
-
-
Operating Transfer-Out to Debt Service Fund
563,570
-
-
-
Operating Transfer-Out to Wildridge S.I.D.
17,171
16,191
16,191
15,211
TOTAL EXPENDITURES
8,001,029
6,101,471
6,145,602
2,298,802
NET SOURCE (USE) OF FUNDS
4,015,790
(3,990,834)
(4,012,465)
(599,671)
FUND BALANCE, Beginning of Year
2,015,383
6,031,173
6,031,173
2,018,708
FUND BALANCE, End of Year
$ 6,031,173
$ 2,040,339
$ 2,018,708
$ 1,419,037
Page 1
MUNICIPAL SERVICES
Capital Projects Fund #41
Revenkp D#Wi1
F
Original or
Final
Prev. Amend. _
Revised
Proposed
Account
Actual
Budget
Budget
Budget
Number Description
1998
1999
1999
2000
Taxes:
51401 Real Estate Transfer Tax
$ 1,950,670
$ 1,300,000 $
1,300,000 $
1,050,000
51000 Total Taxes
1,950,670
1,300,000
1,300,000
1,050,000
Intergovernmental:
State Grants:
53201
CDOT
89,319
-
-
80,000
Subtotal: State Grants
89,319
-
-
80,000
Local Government/Other Agency:
53401
Beaver Creek Metro District
270,004
-
-
_
53401
Bachelor Gulch/Smith Creek
213,087
-
-
_
53401
'Arrowhead
35,459
-
-
-
53401
Avon Village
-
300,000
300,000
290,000
53401
ECO (Trails Grant)
-
-
-
200,000
Subtotal: Local Government/Other Agency
518,550
300,000
300,000
490,000
53000
Total Intergovernmental
607,869
300,000
300,000
570,000
Investment Earnings:
57101
Interest Earnings
125,804
137,801
137,801
68,131
57000
Total Investment Earnings
125,804
137,801
137,801
68,131
Other Revenues:
58102
Utility Capital Facility Fees
1,696
2,000
2,000
2,000
58103
Fireplace Fees
4,500
6,000
6,000
9,000
58999
Miscellaneous Nonclassified Revenues
67,773
-
22,500
-
58000
Total Other Revenues
73,969
8,000
30,500
11,000
Other Sources:
59201
Transfer In from Other Funds
2,059,507
250,836
250,836
-
59301
COP and Bond Proceeds
7,085,000
-
-
_
59303
Capital Lease Proceeds
114,000
114,000
114,000
-
59000
Total Other Sources
9,258,507
364,836
364,836
-
50000
TOTAL REVENUES
$ 12,016,819 - $
2,110,637 $
2,133,137 $
1,699,131
Page 2
MUNICIPAL SERVICES
Capital Projects Fund #41
e GIP b*&-=nuento y w.
Original or Final
Prev. Amend. Revised Proposed
Account Actual Budget Budget Budget
Number Description 1998 1999 1999 2000
CAPITAL IMPROVEMENT PROJECTS
Facilities:
11001
Municipal Building Improvements $
363,669 $
- $
- $
12001
Fire Station Expansion/Remodel
-
18,000
18,000
187,000
13001:
Swift Gulch Facility
4,240,472
4,400,537
4,400,537
-
13002
Pump House and Picnic Shelter
361,052
-
-
13003
Park Equipment Storage
-
300,000
300,000
-
Land and Land Improvements:
Parks:
21001
Pocket Parks
128,966
-
-
Roads and Streets:
Streetscape:
31001
Streetscape Planning
41,178
-
-
-
31002
W. Beaver Creek Blvd.
-
45,000
45,000
655,000
31003
Wildridge Entry Sign
-
-
-
104,000
31004
Nottingham Rd. Imp., 1-70 to Buck Creek
-
-
-
195,000
31005
Nottingham Rd. Imp., Buck Creek to end
-
-
-
200,000
Street Improvements:
32001
Paving/Road Improvements
181,308
186,000
186,000
90,000
32002
W. Beaver Creek Blvd Railroad Crossing
51,344
-
-
-
32003
Chapel Square Reimbursement
-
200,000
200,000
-
32004 .
E. Beaver Creek Blvd. Improvements
-
-
-
90,000
Multi-ModaVAltemative Mobility:
34001
Sidewalks
-
-
20,000
-
34002
East Avon Access and Circulation
-
265,000
165,000
110,000
34003
Roundabout Pedestrian Crosswalk Improvements
-
139,000
139,000
-
34004
Eagle River Bikepath
-
-
34,500
258,175
34005
Eagle River Bikepath - Beaver Creek Blvd to Conf.
-
-
-
55,000
35001
Roundabouts:
1,155,320
-
-
36001
Public Art Work
136,000
228,000
242,000
-
Recreation:
51001
Nottingham Park Basketball Court
-
-
-
185,000
Strategic Planning:
71001
Development Analysis and Review
20,768
-
27,500
-
79001
Planning and Consulting
23,769
25,000
25,000
25,000
Communications:
81001
800Mhz Radio System
-
139,939
239,939
-
Other:
91001
Fireplace Conversions
1,500
6,000
6,000
6,000
Total Capital Improvement Projects $
6,705,346 $
5,952,476 $
6,048,476 $
2,160,175
Page 3
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