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TC Res. No. 2013-32 Amend 2013 BudgetTOWN OF AVON, COLORADO RESOLUTION NO. 13 -32 SERIES OF 2013 A RESOLUTION TO AMEND THE 2013 TOWN OF AVON BUDGET A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY FUND AND AMENDING THE 2013 BUDGET FOR THE TOWN OF AVON, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2013 AND ENDING ON THE LAST DAY OF DECEMBER, 2013 WHEREAS, the Town Council of the Town of Avon has previously adopted the 2013 budget; and WHEREAS, the Town Council reviewed the revised estimated revenues and expenditures for all operating funds for 2013; and WHEREAS, the Town Council finds it necessary to amend the 2013 budget to more accurately reflect the revenues and expenditures for 2013; and WHEREAS, upon due and proper notice, published or posted in accordance with the law, the proposed budget amendment to the 2013 budget was open for inspection by the public at a designated place, a public hearing was held on November 26, 2013 and interested taxpayers were given the opportunity to file or register any objections to the proposed budget amendment; 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 following funds are revised as follows for 2013: General Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Town of Avon Resolution No. 13 -32 Page 1 of 3 Original or Previously Amended 2013 Budget $ 3,563,274 12,342,425 12.226.685 $ 3,679,014 Current Proposed Amended 2013 Budget $ 3,563,274 12,680,499 12,097,634 $ 4.146,139 Town Center West 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 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 Town of Avon Resolution No. 13 -32 Page 2 of 3 Original or Previously Amended 2013 Budget $ 26,773 290,000 300.700 $ 16,073 $ 460,468 75,000 350,000 185,468 $ 1,663,063 397,000 1,390,621 $ 699.442 $ 535,975 0 1.700 $ 534,275 $ 494,552 1,261,806 1.261.806 $ 494.552 $ 622,333 1,000,315 1,082,301 $ 540,347 Current Proposed Amended 2013 Budget $ 70,978 290,000 301,040 � 59,938 $ 458,330 75,000 0 $ 533,330 $ 1,780,636 423,897 1,429,663 $ 774,870 $ 572,438 139,116 1,700 $ 709,854 $ 507,637 1,273,176 1,262,026 $ 518,787 $ 622,333 1,005,041 1,091,311 $ 536.063 Ending Fund Balance $ 2,418,016 $ 2,433,516 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. ovember, 2013. Town of Avon Resolution No. 13 -32 Page 3 of 3 TOWN OF AVON, COLORADO Rich Carroll, Mayor Original or Current Previously Proposed Amended Amended 2013 Budget 2013 Budget Fleet Maintenance Enterprise Fund Beginning Fund Balance $ 321,627 $ 321,627 Revenues and Other Sources 1,473,982 1,518,443 Expenditures and Other Uses 1,525,870 1,535,243 Ending Fund Balance $ 269,739 $ 304,827 Equipment Replacement Internal Service Fund Beginning Fund Balance $ 2,169,340 $ 2,169,340 Revenues and Other Sources 585,643 601,143 Expenditures and Other Uses 336,967 336,967 Ending Fund Balance $ 2,418,016 $ 2,433,516 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. ovember, 2013. Town of Avon Resolution No. 13 -32 Page 3 of 3 TOWN OF AVON, COLORADO Rich Carroll, Mayor