TC Res. No. 2000-54RESOLUTION NO. 00-54
SERIES OF 2000
A RESOLUTION TO AMEND THE 2000 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY
FUND AND AMENDING THE 2000 BUDGET FOR THE TOWN OF AVON,
COLORADO, 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 adopted the 2000
budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for 2000; and
WHEREAS, the Town Council finds it necessary to amend the 2000 budget to
more accurately reflect the revenues and expenditures for 2000; 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 2000:
Original or
Current
Previously
Proposed
Amended
Amended
2000
2000
Budget
Budget
General Fund
Beginning Fund Balance
$ 4,849,928
$ 4,849,928
Revenues and Other Sources.
9,976,105
9,874,697
Expenditures and Other Uses
10,250,523
10,204,033
Ending Fund Balance
$ 4,575,510
$ 4,520,592
1
Mall Maintenance Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Fire Operations Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Employee_Housing Fund
Beginning Fund Bala nce
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Water Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Original or
Previously
Amended
2000
Budget
$ 15,047
68,491
82,649
$ 889
Original or
Previously
Amended
2000
Budget
$ 38,772
2,829,040
2,820,040
$ 38,772
Original or
Previously
Amended
2000
Budget.
$ 0
66,120
66,120
$ 0
Original or
Previously
Amended
2000
Budget
$ 1,712,204
348,870
162,527
$ 1,898,547
Current
Proposed
Amended
2000
Budget
$ 35,791
68,491
82,649
$ 21,633
Current
Proposed
Amended
2000
Budget
$ 38,772
2,790,268
2,829,040
$ 0
Current
Proposed
Amended
2000
Budget
$
4,899
68,925
70,675
$
3,149
Current
Proposed
Amended
2000
Budget
$
1,736,038
506,500
214,752
$
2,027,786
2
Debt Service Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Wildridge Special Iffiprovement District Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Finance Authority 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
Original or
Previously
Amended
2000
Budget
$ 123,762
1,173,994
1,273;994
Current
Proposed
Amended
2000
Budget
$ 147,501
1,173,994
1,273,994
$ 23,762 $ 47,501
Original or
Previously
Amended
2000
Budget
Current
Proposed
Amended.
2000
Budget
$ 22,961
74,211
94,500
$ 2,672
Original or
Previously
Amended
2000
Budget
$ 563,570
564,570
564,570
$ 563,570
Original or
Previously
Amended
2000
Budget
$ 94,482
3,297,856
3,297,856
$ 94,482
$ 43,578
76,211
88,700
$ 31,089
Current
Proposed
Amended
2000
Budget
$ 571,109
799,833
600,910
$ 770,032
Current
Proposed
Amended
2000
Budget
$ 248,874
3,714,380
3,714,380
$ 248,874
3
Original or
Previously
Amended
2000
Budget
Sherwood Meadows Enterprise Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Fleet Maintenance Internal Service Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other'Uses
Ending Fund Balance
Equipment Replacement Internal Service
Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
$ 0
2,389,350
2;206,276
$ 183,074
Original or
Previously
Amended
2000
Budget
$ (19,535)..
1,640,036
1,547,485
$ 73,016
Original or
Previously
Amended
2000
Bud et
$ 96,884
563,894
274,300
$ 38,6,478
Current
Proposed
Amended
2000
Budget
$ 0
2,417,036
2,417,036
$ 0
Current
Proposed
Amended
2000
Budget.
$ (119,123)
1,804,694
1,770,924
$ (85,353)
Current
Proposed
Amended
2000
Budget
$ 138,459
565,094
274,300
$ 429,253
. 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.
4
ADOPTED this 14`b day, of November, 2000.
TOWN OF AVON, COLORADO
dy Yod
Mayor
5
Town Clerk
Town of Avon
Me- _0
TO: Honorable Mayor and Town Council
Thruq Bill Effing, Town Manager
Feorrg ScottWright, Finance Director
Date: November 9, 2000
R« Adoption of 2001 Budget
Summans.
The final revised' budget for 2000 and the final proposed 2001, budget are hereby submitted for
adoption by the Avon Town Council.
Final Revised 2000 Budget
The final revised budget for 2000 for the General Fund was increased by $25,000 due to the funding of
the Charles Dickens Holiday Faire. In addition, the bond reserve for Sherwood Meadows was moved
from the Sherwood Meadows Enterprise Fund to the Town of Avon Finance Authority Fund. This was
an accounting correction and does not affect overall fund balances.
Proposed 2001 Budget
The, following changes were made to the original proposed budget as submitted to the Town Council
on October 10, 2000:
• Added one (1) additional police officer - ($60,645)
• Increased non-resident recreation center admission fees by 10-15% - ($80,000)
• Revised Finance and. Information Systems budget for Pentamation software vs. original
proposal by HTE - ($122,946)
• Deleted Capital Lease financing for software ($260,712)
• Increased Fleet Maintenance labor hour rates - ($68;783)
• Increase amount of interest earnings for the Water Fund - ($70,000)
iRwmn mendadon:
Staff recommends that Council adopt the resolutions discussed above as presented.
Page 1
Town Manager Comments:
Attachments:
A - Resolution 06-54
B - Resolution 00-55
0 Page 2