TC Res. No. 2001-07RESOLUTION NO: 01-07
SERIES OF 2001
A RESOLUTION TO AMEND THE 2001 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, 2001, AND ENDING ON THE LAST DAY OF DECEMBER, 2001.
WIEREAS, the Town Council of the Town of Avon has adopted the 2001
budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for 2001; and
WIIEREAS, the Town Council finds it necessary to amend the 2001 budget to
more accurately reflect the revenues and expenditures for 2001; 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, TBEREFORE, 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 2001:
Original or
Current
Previously
Proposed
Amended
Amended
2001
2001
Budget
Budget
Cauitalliroiects Fund
Beg iiing Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
$ 3,057,288 $ 3,690,470
3,540,054 2,678,288
4,496.810 4234,577
$ 2.100,532 $ 1134,181
1
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 partof the public record. of the Town.
ADOPTED this 10'h day of April 2001.
TOWN OF AVON, COLORADO
J Yoder, ayor .
2
Capital Projects Fund #41
Amended Budget #1
Original or
Current
Prev. Amend.
Proposed
Difference
Actual
Actual
Budget
Amendment
'Increase
1999
2000
2001
2001.
(Decrease)
REVENUES
Taxes
$ 2,253,373
$1,754,211
$1,300,000
1,300,000
$ -
Intergovernmental
200,000
459,700
1,600,168
680,100
(920,068)
Investment Earnings
137,801
182,267
128,886
146,938
18,052
Other Revenue
35,183
33,335
11,000
11,000
-
Total Operating Revenues
2,626,357
2,429,513
3,040,054
2,138,038
(902.01 6).
Other Sources:
Transfer In from Other Funds
250,836
45,000
500,000
540,250
40,260
Capital Lease Proceeds
225,954
-
-
-
-
TOTAL REVENUES
3,103,147
2,474,513
3,540,054
2,678,288
(861,766)
EXPENDITURES
Capital Improvements:
Facilities
4,652,394
218,710
350,000
653,000
303,000
Land and Land Improvements
2,091
225,024
-
-
-
Roads and Streets
851,523
1,303,295
3,478,868
2,672,812
(806,056)
Recreation
-
126,577
-
90,823
90,823
Stormwater and Drainage
-
25,250
500,000
560,000
60,000
Strategic Planning
38,085
25,943
25,000
85,000
60,000
Communications
139,939
70,925
-
30,000
30,000
Other
2,250
1,500
6,000.
6,000
-
Debt Service:
Capital Lease Payments
80,605
122,850
122,711
122,711
Total
5,766,887
2,120,074
4,482,579
4,220,346
(262,233)
Other Uses
Operating Transfer-Out to Wildridge S.I.D.
16,191
15,211
14,231 _
14,231.
-
TOTAL EXPENDITURES
5,783,078
2,135,285
4,496;810
4,234,577
(262,233).
NET SOURCE (USE) OF FUNDS
(2,679,931)
339,228
(956,756) _
(1,556,289)
(599,533)
FUND BALANCE, Beginning of Year
6,031,173
3,351,242
31057,288
3,690,470
633,182
FUND BALANCE, End of Year
3,351,242
$ 3,690,470
$ 2,100,532
$ 2,134,181
$ 33,649.
Paso 1
Capital Projects Fund #41
Amended Budget #1
Original or Current
Prev. Amend. Proposed Difference
ABM. Actual Actual Budget Amendment Increase
Number. Description 1999 2000 2001 2001 (Decrease)
. Taxes: -
51401 Real Estate Transfer Tax $ 2,253,373 $ 1,754,211 $ 1,300,000 $ 1,300,OOD $ -
51000 Total Taxes 2,253,373 1,754;211 1,300,000 1,300,000 -
Intergovernmental:
State Grants:
53201 CDOT - 80,000 -
Subtotal: State Grants - 80,000 - - -
Local GovemmeM/Ot1w Agency:
53401 Eagle County RTA (Trails Grant)
- 104,700 455,100 455,100 -
534D1 Village at (Avon) Roundabout Reimbursement
200,000 200,000 200,000 200,OOD -
53401. Vie at (Avon) Chapel Square Rd.
- 75,000 - 25,000 25,000
531 Village at (Avon) E. Beaver Cr. Blvd ROW
- - 895,068 - (M51068)
53401 Eaglebend Housing Authority
- - 50,00D - (50,000)
Subtotal: Local GovennnnrenHOther Agency
200,000
379,700
1,600,166
680,100 (9201068)
53000
Total htergovemnnerta1
200,000
459,700
1,600,168
680,100 (920,068)
Imesfinent Earnings:
57101
Interest Earnings
137,801
182,267
128,886
146,936 18,052
67000
Total Investment Earnings
137,801
182,267
128,886
146,906- 18,052
Other Revenues:
58102
Utility Capital Facility Fees
733
1,196
2,000
2,C)I -
58164
Fireplace Fees
3,000
3,000
9,000
9,000 -
56999
Miscellaneous Nonclassified Revenues
31,450
29,139
-
-
58000
Total Other Revenues
35,183
33,335
11,000
11,000 -
Outer Sources:
59201
Transfer In from Other Funds
250,836
45,000
500,000
540,250 40,250
59003
Capital Lease Proceeds
225,954
-
-
- -
59000
Total Other Sources
476,790
45,000
500,000
540,E 40,250
60000
TOTAL REVENUES
$ 3,103,147 $
2,474,513 $
3,540,054
$ 2,678,288_ (861,766)
Page 2
Capital Projects Fund #41 4.
Amended Budget #1
Original or
current
Prev. Amend.
Proposed
Difference
Account
i
ti
Actual
1999
Actual
2000
Budget
2001
Amendment
2001
Increase
(Decrease)
Number
Descr
p
on
CAPITAL IMPROVEMENT PROJECTS
12001
Facilities:
Fire Station Expansion/Remodel $
17,444
$ 197,394
$ -
$ -
$ -
13001
Swift Gulch Facility
4,332,319
21,316
-
-
-
13003
Park Equipment Storage
302,631
-
-
-
-
000
100
-
000
100
'
-
11003
15001
Information Center/ 1-70
Recreation Center Refurbishment
-
-
,
250,000
,
553,000
303,000
Land and Land Improvements:
21002
Parks:
Garton Property
2,091
225,024
-
-
-
Roads and Streets:
31002
Streetscape:
W. Beaver Creek Blvd.
38,979
785,571
-
10,000
10,000
31003
31004
Wildridge Entry Sign
Nottingham Rd. Imp., 1-70 to Buck Creek
-
-
40,644
44,725
-
865,000
-
125,000
-
(740,000)
31005
Nottingham Rd. Imp., Buck Creek to end
-
-
93,871
-
-
000
350
40,000
-
40,000
(350,000)
31006
Eaglebend Dr.
-
-
,
000
35
-
(35,000)
31007
Eaglebend Entry sign
,
32001
Street Improvements:
Paving(Road Improvements
140,002
73,282
100,000
108,063
8,063
32003
Chapel Square Reimbursement
150,000
-
-
405
-
068
895
50,000
-
50,000
(89510
32004
E. Beaver Creek Blvd. Improvements
,
Multi-ModaLlAltemative Motility:
34001
34002
Sidewalks
East Avon Access and Circulation
19,428
120,947
-
59,246
-
-
-
925,000
'
925,000
34003
Roundabout Pedestrian Crosswalk Improvemen
134,914
10
-
551
205
-
000
182
'
186,449
4,449
34004
34005
Eagle River Bikepath
Eagle River Bikepath - Beaver Creek Blvd to Col
-
,
-
,
441,800
441,800
-
34006
Nottingham Road / 1-70 Bikepath
-
-
610,000
786,500
176,500
36001
Public Art Work
247,243
-
-
-
-
51001
Recreation:
Nottingham Park Basketball Court
-
126,577
-
90,823
90,823
61001
Stormwater and Drainage:
Buds Creek / 1-70 to Eagle River
-
12,625
400,000
-
61002
Metcalf Rd. Drainage 11-70 to Eagle River
-
12,625
100,000
560,000
460,000
Strategic Planning:
-
71001
Development Analysis and Review
34,701
25,943
-
-
000
25
-
000
25
-
79001
Planning and Consulting
3,384
-
-
,
-
,
60,000
60,000
Town Center Plan
81001
Communications:
800Mhz Radio System
139,939
70,925
-
30,000
30,000
91001
Other.
lace Conversions
Fire
2,250
1,500
6,000
6,000
-
p
Total Capital Improvement Projects $
5,686,282
$ 1,997 224
$ 4,359,868
$ 4,097,635
$ (262,233}
Page 3
ICI
M Town of Avon
Memo
TO: Honorable Mayor and Town Council
Tiuu: Bill Efting, Town Manager
From Scott Wright, Finance DirectoQe
Dam April 4, 2001
Re: Resolution 01-07, Capital Projects Budget Amendment
Summary:
A budget amendment is proposed for the 2001 Capital Improvements Budget and to reflect the actual
beginning fund balance at January1, 2001. Attached is a memorandum from Norm Wood explaining
the changes to the original budget Also attached is the CIP Long-Range Plan as revised fo"r the
proposed changes, and for actual year-end amounts for 2000.
Recommendation:
Staff recommends that Council adopt the resolution discussed above as presented.
Town Manager Comments:
Attachments:
A - Resolution 01-07
B -.Memo from Norm Wood
C - CIP Long-Range Plan
Page 1
Memo
TO: Honorable Mayor and Town Council
Thru: Bill Elting, Town Manager
From: Norm Wood, Town Engine
Date: April 5, 2001
Re: Capital Improvements Program Budget Amendment
Summarye The proposed Capital Improvements Fund Budget
Amendment as attached reflects recommended revisions to address various changes that
have occurred since adoption of the original Budget. The proposed
changes are
summarized as:
Project Current
Proposed
Recreation Center $ 250,000
$ 553,000
Revised to. Current Construction Cost Estimates
West Beaver Creek Blvd. Streetscape -
$ 10,000
Incomplete Items from 2000
Nottingham Road (I-70 to Buck Creek) $ 865,000
$ 125,000
Expected_Rednction in R/W Requirements
Nottingham Road (Buck Creek to Metcalf) -
$ 40,000
Design Revisions & Completion Due to Bikepath Location
Eaglebend Drive Streetscape $ 350,000
-
Project Delayed to Coordinate with Village Construction
Eaglebend.Entry Sign $ 35,000
-
Project Delayed to Conform with Street Improvements
Paving/Road Improvements $ 100,000
$ 108,063
Increase due to Retainage Payment from 2000
Chapel Square Reimbursement -
$ 50,000
Carry Forward from 2000 due to Non-Compliance
East Beaver Creek Blvd. $ 895,068
-
Deferred Construction to Follow East Avon Sipe Improvements
East Avon Access & Circulation -
$ 925,,000
Final Design Revisions, R/W Acquisition for 2002 Construction
Eagle River Bikepath . $ 182;000
$ 186,449
Revision to Match Actual Expenditures in 2000
\\rw\sHAUDWjl& on\C]p Budo\B W A Nlmo Apr ol.Doc 1
Nottingham Road / I-70 Bikepath $ 610,000 $ 786,500
Revised to Match Construction Bids Received
Nottingham Park Basketball Court - $ 90,823
Revision to Match Actual Expenditures in 2000
Buck Creek Storm Drainage $ 400,000 -
Project Delayed Pending Town Center Plan Completion
Metcalf Storm Drainage . . $ 100,000 $ 560,000
Project Revised from Design to Design & Construction
Town Center Plan - 60,000
New Project Implemented after Budget Adoption
800 Mhz Radio System - $ 30,000
Remaining Payment from 2000 Budget Year
A revised Draft Capital Projects Fund 5-Year Plan is also attached. This Plan reflects the
above changes and a revised project schedule with projected fund balances.
We recommend approval of Resolution Number 01-07 amending the Capital Projects Fund
Budget.
Town Manager Comments:
\\rWHAREb\&&ncerinon\CIP suaga\Bdgt Anndmot M9Mo Apr o LDoc 2
Z
g
a
za
Z
Q
LL. LL
ON
Z V
O
a
J
a
a
0
• 'A
l
e
'
X; ' ~ , ~
7
CJY
S~
i.~.c
yy
v
r
V
^y
.
/y~
o
tV
N
N
~ r
t'7
r
Q
p I I 1 1 1 1 I O 1 1 1 1 I p O I
$O
SSOO
I O 1
o
-
N Of
pp p
CSC IL1 fV
r
N
N
~
t~
r
GO.
Y"
K. y
/1 ~ 1 1 1 1 1 1 o 1 1 1 1 1§§ 1
N
~Vy
]
Vi
S' 8
N
lM7
1 QQ 1
V
(V
l'M7
_
p
pp
t
p
N
f7 N W E N p
to
0
N
In
~
N
N
~
'
1 1 1 1
1 I
1
1
d!
e
§
111) I 1 p 1 I
`]VS
'
•y
O
O
.
. t
O
O c
a
pp ~
7 N N
N
O
1
f0
N
fc
r
C
Q
n~• -
69.
0 1 1 1 1 1 1 1
ppop 8 pp pp pp pp pp pp
1 00 O,
'
op
O
Cod
1 O 1
V!
O
000
0
0
Nd
o
"
~
r
N
1 1 1 p 1 I I
§
§ p 1 1 I p 1 1
m
1 p 1
pp
C pp
.
p
~~pp
pp
§ NN Np
p
p
00
t0
0
l N
'
N
N
to
Go
gyp" 1 1 1 Op 1 1 1 p 1 ap ~ 1 1 p p I
aao CS0
CS O
~
~
In
o
.5
oo
ppp
N Of
cs
1pj
04
y
O
_
en
IA
N
O
M -
f9
co 1 1 O 1 1 1 1 1 1 1 1
r
o
(n
Il
1 1
(h
~
.
3 pp 0
CC
VVVV
N
pp
m OD O O M N
f~ N
N
Q
A
Q
a N
N
N
p 1 1 1 1 1 1 1 1 1 1 (n 1
l OD 1 §
(V'
.
co , I
~
_Wp
7
pO
fh
O
r N
m
p
1A N
N N
~
y
O
.
Q
N
N
to
619,
C Q C
R
L m
c« 'RO
O C
8„ it 2 «c~
WO i! 0 -d
-5 16 w
co =0 OE co r- '0,
c y an d N
l0 W S C t 32 a O O LL
t 0o ~Q y ~Uec o o.
d io« c
~ 3RD R
Q~ cccsa.~~11 mm .m E ?s
r
c ~oc o o3~Y > SASgg-w R c. m E E o atl°
W N ER . E CJ CJ LL
p V. O ~R N m a LL 'I
R ` C c °
i~ E)
z m oaf > m c3 c'~ ~ 18 a p y m m J
W W o R--- c R R m m o° g
r- c
u -M U-1 9
~aU 0
a
o
W
00
>
am
LL U.
0 CO)
Z
V
O
9.
a
J
IL
a
A
V Y 1 1 1 1 1
1 1
O
N
N N M N O
$
~y
(O
000
to N
t~
IN
m
N
O
W
6*
1 1 p 1 p 1 p 1 1
Ob OS ]S~
1 1
M
r
M
Q
~
1
O
1
F` t
N O
~
r
0
r
N
N W
N
r
64
(A
. J.
1 1 1 1 1 1 V
`V1R }VYS ~~VS[
1 1
N
N
~
P A
Q
f
M N tD
~
r
r
1001
r
OD to
W
N
0
t
fA
ice'.
9
, 1 ap , p 1 S 1 1 1
C] m O00 O
1p
fG60
, , ~
N
W
~
~ ~
c~.~
M^
M
m
~
i~
¢
^ N
~ O N O
~
N
0
~
p
~
~ CD
It
M
M
'
O 1 0 I I p 1
CC Q
N
1 1
N
r
< co
P%
M
N ti O N m
M
g
p
~
Ol
Y
M
M
M
v N
~
pp pppp pppp pppp pppp
A
O 1 O m 0 0 0 1
- fh
N
1 1
I
^
fa
0
~
(NQ
Q
co
co
(pp mo
I[7018N0
N
l'
~
N
Q
1
Q
$
4' W
M
N
QS
N
Q
Z
ppQ 8o W
O 1 O m 1 0 1 0 A 1
M
I I N
m
'
_
N
IA
c"d t- N N
Q
vv~~
8S
g
~
0
m
lh
Q
Q
M
N
613,
.
pp1~ 1~ pp
Pt A O N Cl tp pNj In 1
A
C
1 1
N
CD
N
N N
N N
O
Q
W pp
- O
w o w M f0 1A O N
- N N Q N N I,-' N
N
O
1n
N
N N
Q N
N
N
M
M
N
O 1 O I~~ N ~ 1 1
pip
C
p
1 1 ~
~
CD
O
~ M
~ ~
N
fQV
t0~
pp~~
NN NfhN ~
to m
~
(pp
<O
10
m
C
Q
cv
r-
t!'f
O
QD
N f0
M
,a
m
m
d ~C
O C
E m m ~ C
9 m c c ((Opp
W ~ C ~ ~ C~O+q m 1ap1 J
~ ~ ~ C ~ C ~ ~j IC1 WG) C-p
Q m p C C V C C J_ lL a~
Z E'.0=1~~~ ~'`mN m c m
(pvcEcwjEt io c
W VLL~~Q:fA
m
'O
C
LL
Z
~0
j
7
p~1
W
5
`
co
19
200
m
m
.
$1
C
~
~
rb
W
C
C C
C
C
w
m
C
m
C
y
Q,
W
m O
S8
W
C
IA
l
Q
m
1
q
m
~
0j
r C
+
Z
c
e
F
p
¢
m 0 U
H
X
LL
m
a
c
O
co
~
C °
lh
N Cl)
fA
r
A. ' . . . . . . . . . . . . . . . . . . . . . .
..o§
VC)
~CT 8
Z.
N S N
W
toll
a
Z $ $
O O . ~g g ° CM
d r Y9 r r
QZ N
LL. w
0 ~ . . '
O mfg C
1- W 6mN
Oy
1i . m . . . . . . . . . . . N~N . . . . r • 1!Y N R
d Cl O' A N
Q Q W N N T
r .
CL 6%
V W N f~7 N ~ ~ In
7 M
Q~
641,
m
(D O
m N ,D m
G.. 7 Y G1
ca 0
L C OID O `1 rd
Q 0 O) O S.10 c) V o m.
.2d x
W i m ~m °a m m N m
m r CL CZ O C
m ~mOE0 yQ- m Y m
d mm N m C E tZO s2e £ E
W 3z cci lit 5a a0i as m a maa ~ g2
E 0u! . C m P C mm
C C 9 N m Y w /0 E C W m O £ Y Y « YGmI 'C 'O £ 61
9 S54~ m m ~ m- ~c~ PL 8 8 amv nuvXX > a 2
IL ~ t m ~ m a°aa y aduj c€.E E A g'vV
ra 'a 0 r- [L 0 (3
cr .5
O W €aC v "v 'n W C~a m"'v ate S co
C2C22o$7~ v_ ppm--- o~ ? wm ~p
.2 _o c 5 LL!
~E W W Z 'Z
lILLLU~Ja C~r2rda?~'~s tCOaU~ ~NtA?~ ~a
~
0 U.
PL
C
O
i
o
N IYf
W
N
fO
N
.
~
r
W
r
a
CO
pp
pp
W
r
W
N
m
m
r
' r
~ ~i
~ i i r r p O r
~
r r ~ p
r p
~
v
G
8
N
N.
CIL
~
~ `:Y
1 1
1 1 1 1 1
~
1 O 1
~ }S
,
mm
O ~
~
N
O
N
Z
g
n
N
O
O
N
N
Pf
}
, ~
_
„ ~ ~ ~ „
N
`0m
~ ~ ~ ~
~ O O
O
O
~O
O O
~
'P
O
~O
N
O
OrD~^
W
app
IA
~N 8
p
l''
m
~
~
o
Q Z
S,~ N
a >
v
W
0 >
u,
Z
Q
,
0
co
O
C~~
$
~~O
~4ro
~N
96
N
p
In
lll
ho
W
Om
~
O
w
IL
~
r r . r
t- ~
' (In 60
G (O
g
In
N
N
J
~ Q
`
N
(D
N
CM N
_ N.
N
Q
gN
IL
61,
co A
Q
-ep
01 N
N
N
N
~
~
N
.ffi
¢ r
In
~ C
w C O
xi E H O
c cY ,U 25 35 `t°~
o
`Qa m`o: c~u~n
to 90
yy > m
'5 a
m 266 o ~m00 c ®wz L°
;C~j v R m E ° m ~°S~
88
is to 2 c T.; 0 t _ o R°_c 2
E d9 r a'am~~W R'c c a
~g y2~ ddE' sp..3 ~
N-~r M W dQ 8 W Z
SF- Z 2 2.22223i
3 °
d d
z d
R C E >
a
E
a m
-or
IL cc
Cq~
v
Ems _ 4 d U
NElag F- 0 3 U.
O
CL
c
0
N