TC Res. No. 2001-40RESOLUTION NO. 01-40
SERIES OF 2001
A RESOLUTION TO AMEND THE 2001 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES AND
AMENDING THE 2001 CAPITAL PROJECTS FUND 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.
WHEREAS, the Town Council of the Town of Avon has adopted the 2001
Capital Projects Fund budget; and
WHEREAS, the Town Council has reviewed the revised estimated revenues and
expenditures for 2001; and
WHEREAS, the Town Council finds it necessary to amend the 2001 Capital
Projects Fund 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, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF AVON, COLORADO:
Section 1. That estimated revenues and expenditures for the Capital Projects
Fund is revised as follows for 2001:
Original or
Previously
Amended
2001
Budget
Capital Projects Fund
Beginning Fund Balance
$ 3,057,288
Revenues and Other Sources
3,540,054
Expenditures and Other Uses
4,496,810
Current
Proposed
Amended
2001
Budget
$ 3,690,470
2,962,753
4,285,277
Ending Fund Balance 2,100,532 2,367,946
Section 2. That the Capital Projects Fund budget, as submitted, amended, and
hereinabove summarized, hereby is approved and adopted as the'capital program budget
of the Town of Avon for the year stated above.
Section 3. That the Capital Projects Fund budget hereby approved,. amended, and
adopted shall be signed by the Town Manager and made part of the public record of the
Town.
ADOPTED this 11' day of December, 2001.
TOWN OF AVON, COLORADO
Qd'&, (Aey~
~Ay Yoder or
2
1 V W n %-IUrK
Town of Avon
Memo
To: Honorable Mayor and Town Council
Tfuu: Bill Efting, Town Manager
From Scott Wright, Finance Director .
Date: December 5, 2001
Re: Capital Project Fund Budget Revisions and Adoptions and
Acceptance of Long-range Capital Program
SUMMM ,
The final revised Capital Projects Fund budget for 2001 and the final proposed Capital Projects Fund
2002 budget are hereby submitted for adoption by the Avon Town Council.
In addition to the adoption of the above budgets, also submitted for acceptance by the Town Council is
the long-range capital program (otherwise referred to as the 5-year plan).
Itecoinmendation:
Staff recommends that Council adopt the revised 2001 and proposed.2002 budgets as presented, and
accept the long-range capital program as submitted.
Town Manager Comments:
Attachments:
A.- Resolution 01-40
B - Resolution 01-42
C = Long-range Capital Program (5-year plan)
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