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TC Res. No. 2007-19 AMEND THE 2007 TOWN OF AVON CAPITALTOWN OF AVON, COLORADO RESOLUTION NO. 07-19 SERIES OF 2007 A RESOLUTION TO AMEND THE 2007 TOWN OF AVON CAPITAL PROJECTS FUND BUDGET A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY FUND AND AMENDING THE 2007 CAPITAL PROJECTS'.FUND BUDGET FOR THE TOWN OF AVON, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2007, AND ENDING ON THE LAST DAY OF DECEMBER, 2007. .WHEREAS; the Town Council of the Town of Avon has adopted the 2007 Capital Projects Fund budget; and WHEREAS, the Town Council reviewed the revised estimated revenues and expenditures for 2007; and WHEREAS, the Town Council finds it necessary to amend the 2007 Capital Projects Fund budget to more accurately reflect the revenues and expenditures for 2007; 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 amended as follows for 2007: Capital Proiects Fund Beginning Fund Balance Revenues and Other Sources - Expenditures and Other Uses Ending Fund Balance Original or Current Previously Proposed Amended Amended 2007 2007 Budget Budget $ 7,527,761 $ 7,731,519 7,344,752 7,344,752 9,929,919 10,383,071 4:942.594 $ 4.693;200 1 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 and adopted shall be signed by the Town Manager and made part of the publicrecord of the Town. ADOPTED this 12th day of June, 2007. ATTEST: Patti c,...enny, To erk Ronald C. Wolfe, Mayor 2 ~EX,glrS1 7- "IS" Capital Projects Fund #41 Amendment No., 2. Fund Summa REVENUES Taxes Intergovernmental Investment Earnings Other Revenue Total Operating Revenues Other Sources:. . Transfer In from Other Funds TOTAL REVENUES EXPENDITURES Capital Improvements: Facilities Land and Land Improvements Roads and Streets Recreation Stormwater'and Drainage Strategic Planning Other Developer Rebates Total Capital Improvements Other Uses Operating Transfer-Out -General fund Operating Transfer-Out - Affordable Housing Operating Transfer-Out - Wildridge S.I.D. Total Other Uses TOTAL EXPENDITURES NET SOURCE (USE) OF FUNDS FUND BALANCE, Beginning of Year FUND BALANCE, End of Year Original or Proposed Prev. Amended Revised' Difference Actual Actual Budget Budget Increase 2005 2006 2007 2007 (Decrease) $ 3,254,490 $ 3,039,518 $ 2,150,000 $ 2,150,000 $ - 236,110 1,617,880 2,526,778 2,526,778 - 79,058 295,164 85,974 85,974 - 320,074 230,387 1,309,000 1,309,000 - 3,889,732 5,182,949 6,071,752 6,071,752 - 260,363 262;178 1,273,000 1,273,000 - 4,150,095 5,445,127 7,344,752 7,344,752 - 1,092,017 612,486 3,133,289 3,492,465 359,176 119,091 49,313 46,377 46,377 - 1,050,739 1,187,159 4,460,797 4,525,797 65,000 89,321 741,051 401,798' 430,774 28,976 - 33,441 806,559 806,559 - 270,950 310,345 375,019 375,019 - 3,920 9,312 506,080 506,080 - 132,099 1,302,297 - - - 2,758,137 4,245,404 9,729,919 10,183,071 453,152 50,000 80,000 200,000 - 846,000 - 10,311 - - 200,000 60,311 926,000 200,000 200,000 - 2,818,448 5;171,404 , _ _ 9,929,919 10,383,071 453,152 1,331,647 273,723 (2,585,167) (3,038,319) (453,152) 6,126,149 7,457,796 , 7,522,329 7,731,519 209,190 $ 7,457,796 $ 7,731,519 $ 4,937,162 $ 4,693,200 $ (243,962) Page 1 Capital Projects Fund #41 Amendment No. 2 Revenue Detail Original or Proposed Prev. Amended Revised Difference Account Actual . Actual Budget Budget Increase Number__ Description 2005 2006 '2007 :2007 (Decrease), Taxes: 51401 Real. Estate Transfer Tax $ 3,254,490 $ 3,039,518 $ 2,150,000 $ 2,150,000 $ 51000 Total•Taxes 3,254,490 3,039,518 2,150,000 2,150,000 Intergovernmental: Federal Grants: 53199 CDOT Enhancement Funds Grant 53199 FTA/CDOT Transportation Center Grant State Grants: 53299 Colorado Historical Society Local Government/Other Agency: 53401 Eagle County Transportation Center Grant 53401 ECO Trails Grant ..53401 Village at (Avon) 53401 Confluence Metro District 53401 Vail Valley Foundation 53401 Eaglebend Housing Authority 53401 ERWSD Sewer Line Replacement 53000 Total Intergovernmental Investment. Earnings: 57101 Interest Earnings 57000 Total Investment Earnings 171,290 171,290 - 2,130,488 2,130,488 3,920 5,880 400,000 - - 6,000 - - 200,000 200,000 200,000 200,000 - 1,006,000 - - 1,000 - - - 25,000 25,000 25,000 - 6,190 - - - - 236,110 1,617,880 2,526,778 2,526,778 - 79,058 295,164 85,974 85,974 - 79,058 295,164 85,974 85,974 - l , Other Revenues: 58102 - Utility Capital Facility.Fees 58108 Finance Charges 58104 Fireplace Fees -Reimbursements: 58211 Sheraton Mountain Vista - 2005 Application 58211 The Gates at Beaver Creek 58211 Confluence - East West Partners 58211 Eagle River Enhancement Project - E/W Partners 58211 Eagle River Enhancement Project - Eagle Co. 58211 Eagle River Enhancement Project'- BCRC 58999 Sheriton Mountain-Vista Rebate 58999, Miscellaneous Nonclassified Revenues 58000 Total Other Revenues 319 - - - 13. - 1,500 6,000 9,000 9,000 9,649 7,058 9,438 13,447 188,133 152,625 .2,500 50,000 50,000. - 55,000 - - - - 1,300,000 1,300,000 3,535 1,244 320,074 230,387 1,309,000 1,309,000 Page 2 Capital Projects Fund #41 Amendment No. 2 Original or Proposed Prev. Amended Revised Difference Account Actual Actual Budget Budget Increase Number Description 2005 2006 2007 2007 (Decrease) Other Sources: 59201 Transfer In from Other Funds 260,363 262,178. 1,273,000 1,273,000 - 59000 total Other Sources 260,363 262,178 1,273,000 1,273,000 50000 TOTAL REVENUES $ 4,150,095 $ 5,445,127 $ 7,344,752 $ 71844,752 $ • Page 3 . T" IRT ' m N C LL Z n V (D c _ a E s a m v N rn O r O O O N O CD C~ M O O O N co C to to M M N 0 0 n ° ° o O° o o C o M o C 0 N p N N co tn N C 0 C V M 0 w 0 00 0 0 0 r N Cli r N c o C'7 O O R co t co N N n co 0 M c O O 00 N V N, N M 0 co q _ 0 M O O O O N N N C co o LQ cz N r to to U C O h U LO co et y U U Lr) N ~ Q C Q te ~ 0 O LO p- f-- GOO co m , CO M t- N 0) 3 a O LO O -7 Ci m a V Gfl m a o c Gn P r- co r-- o o ro o Cl) ao g M m F- 7 LO t i N 69 ~ y .O C13 0 O O CO P GOO co C + N Ctl O . 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