TC Res. No. 2006-43 AMEND THE 2006 TOWN OF AVON BUDGETTOWN OF AVON, COLORADO
RESOLUTION NO. 0643
SERIES OF 2006
A RESOLUTION TO AMEND THE 2006 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY FUND
AND AMENDING THE 2006 BUDGET FOR THE TOWN OF AVON, COLORADO,
FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY,
2006, AND ENDING ON THE LAST DAY OF DECEMBER, 2006.
WHEREAS, the Town Council of the Town of Avon has previously adopted the
2006 budget; and
WHEREAS, the Town Council wishes to establish certain new funds in order to
properly budget and account for revenues and expenditures related to new activities; and
WHEREAS, these new funds include a Community Enhancement Fund,
Affordable Housing fund, and Facilities Reserve Fund; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for all operating funds for 2006; and
WHEREAS, the Town Council finds it necessary to amend the 2006 budget to
more accurately reflect the revenues and expenditures for 2006; 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 the Community Enhancement Fund, Affordable Housing Fund,
and Facilities Reserve Fund are hereby established as special revenue funds of the Town
of Avon.
Section 2. That estimated revenues and expenditures for the following funds are
revised as follows for 2006:
Original or
Current
Previously
Proposed
Amended
Amended
2006 Budget
2006 Budget
General Fund
Beginning Fund Balance
$ 5,773,617
$ 5,773,617
Revenues and Other Sources
12,697,388
13,403,628
Expenditures and Other Uses
11,879,548
12,938,019
Ending Fund Balance
6.591.457
$ 6.239.226
Mall Maintenance Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Community Enhancement Fund
Beginning Fund Balance
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
Affordable Housing Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Facilities Reserve Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
Original or
Previously
Amended
2006 Budget
$ 21,862
71,033
86,385
$ 6,510
Current
Proposed
Amended
2006 Budget
$ 43,397
89,281
86,385
$ 46.293
295,309
$ $ 295.309
$ 927,372
222,000
701,001
$ 448,371
$ 1,284,125
267,600
479,573
$ 1.072.152
946,000
$ $ 946.000
328,000
$ $ 328.000
Resolution No. 06-43 - Final Amended - 2006
Page 2 of 4
Debt Service Fund
Beginning Fund Balance
Revenues and Other Sources
Expenditures and Other Uses
Ending Fund Balance
AMD Debt Service 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
Fleet Maintenance Enterprise 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
Original or
Previously
Amended
2006 Budl;et
$ 589,697
1,356,519
1,353,519
$ 592,697
$ 42,089
483,306
483,306
$ 42,089
$ 113,099
2,643,396
2,543,881
$ 212,614
$ 324,352
1,960,934
1,912,162
$ 373,124
$ 1,274,730
506,192
304,865
$ 1,476,057
Current
Proposed
Amended
2006 Budget
$ 606,403
1,373,019
1,353,519
$ 625,903
$ 44,233
483,306
483,306
44.233
$ 97,922
2,586,461
2,584,191
$ 100.192
$ 373,559
2,176,008
2,028,117
$ 521.450
$ 1,299,519
527,535
312,336
1,514,718
Resolution No. 06-43 - Final Amended - 2006
Page 3 of 4
Section 3. 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 4. 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 14th day of November, 2006.
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T OF VON, CO ORADO
Ronald C. Wolfe, Mayor
Resolution No. 06-43 - Final Amended - 2006
Page 4 of 4