TC Res. No. 2002-47RESOLUTION NO. 02-47
SERIES OF 2002
A RESOLUTION TO ADOPT THE 2003 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR
EACH FUND AND ADOPTING A BUDGET FOR THE TOWN OF AVON,
COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF
JANUARY, 2003, AND ENDING ON THE LAST DAY OF DECEMBER, 2003.
WHEREAS, the Town Council of the Town of Avon has appointed the Town
Manager to prepare and submit a proposed budget to said governing body on October 8,
2002, 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 October 22, 2002, 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
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 each fund are as follows
for 2003:
2003
Proposed
Budget
General Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
$ 3,152,201
9,689,661
9,689,661
Ending Fund Balance
3,152,201
Mall Maintenance Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and OtherUses
Ending Fund Balance
Water Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
.Ending Fund Balance
Debt Service Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Wildridge Suecial Assessment Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
2
2003
Proposed
Buda
et
$ 39,765
90,676
82.077
$ 48.364
2003
Proposed
Budget
$ 1,999,796
509,200
853.022
1.655.974
2003
Proposed
Budget
$ 903
. 1,243,822
1.243.822
$ 903
2003
Proposed
Budget
$ 13,478
55,071
56.623
$ 11,926
Avon Metropolitan 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
2003
Proposed
Budget
$ 28,830
488,722
488,722
$ 28,830
2003
Proposed
Budget
$ 784,668
757,958
757,958
$ 784,668
2003
Proposed
Budget
Transit Enterprise Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Sherwood Meadows. Enterprise Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
1,960,517
1,960,027
$ 490
2003
Proposed
Budget
$ 1,331
263,476
260.520
$ 4.287
3
2003
Proposed
Budget
Fleet Maintenance Internal Service Fund
Beginning Fund Balance $ 146,319
Revenues and Other Sources 1,275;584
Expenditures and Other Uses 1,272,357
Ending Fund Balance $ 149.546
2003
Proposed
Budget
Equip. Replacement Internal Service Fund
Beginning Fund Balance $ 805,414
Revenues and Other Sources 373,768
Expenditures and Other Uses 69,295
Ending Fund Balance 1.109.887
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.
ADOPTED this 12'' day of November, 2002.
TOWN OF AVON, COLORADO
S a 11
° i
ATTEST:
Pa Mc envy
To k
9-Y Yod
Mayor
4