TC Res. No. 2013-34 Adopt 2014 BudgetTOWN OF AVON
RESOLUTION NO. 13 -34
SERIES OF 2013
A RESOLUTION TO ADOPT THE 2014 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, 2014
AND ENDING ON THE LAST DAY OF DECEMBER, 2014
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 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 November 26, 2013, 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
2014:
Ending Fund Balance $ 4,152,573
Town Center West Maintenance Fund
Beginning Fund Balance $ 59,938
Revenues and Other Sources 245,000
Expenditures and Other Uses 245,089
Ending Fund Balance $ 59,849
Town of Avon
Resolution No. 13 -34
Page 1 of 3
2014
Proposed
Budge
General Fund
Beginning Fund Balance
$ 4,146,139
Revenues and Other Sources
12,642,863
Expenditures and Other Uses
12,636,429
Ending Fund Balance $ 4,152,573
Town Center West Maintenance Fund
Beginning Fund Balance $ 59,938
Revenues and Other Sources 245,000
Expenditures and Other Uses 245,089
Ending Fund Balance $ 59,849
Town of Avon
Resolution No. 13 -34
Page 1 of 3
2014
Proposed
Budget
Community Enhancement Fund
Beginning Fund Balance $ 533,330
Revenues and Other Sources 75,000
Expenditures and Other Uses 275,000
Ending Fund Balance $ 333,330
Water Fund
Beginning Fund Balance $ 774,870
Revenues and Other Sources 165,000
Expenditures and Other Uses 193,797
Ending Fund Balance $ 746.073
Affordable Housing Fund
Beginning Fund Balance $ 709,854
Revenues and Other Sources 3,740
Expenditures and Other Uses 50,000
Ending Fund Balance $ 663,594
Facilities Reserve Fund
Beginning Fund Balance $ 413,251
Revenues and Other Sources 0
Expenditures and Other Uses 413,251
Ending Fund Balance $ 0
Debt Service Fund
Beginning Fund Balance $ 518,787
Revenues and Other Sources 1,264,352
Expenditures and Other Uses 1,264,352
Ending Fund Balance $ 518,787
Transit Enterprise Fund
Beginning Fund Balance $ 536,063
Revenues and Other Sources 1,634,883
Expenditures and Other Uses 1,697,892
Ending Fund Balance $ 473,054
Town of Avon
Resolution No. 13 -34
Page 2 of 3
2014
Proposed
Budget
Fleet Maintenance Enterprise Fund
Beginning Fund Balance $ 304,827
Revenues and Other Sources 1,449,935
Expenditures and Other Uses 1,546,142
Ending Fund Balance $ 208,620
Equipment Replacement Internal Service Fund
Beginning Fund Balance $ 2,433,516
Revenues and Other Sources 755,132
Expenditures and Other Uses 459,402
Ending Fund Balance 2,729,246
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 26t' day of November, 2013.
ATTES�
Patty M er
Town C l-
Town of Avon
Resolution No. 13 -34
Page 3 of 3
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TOWN OF AVON, COaRADO
Ric Carroll, Mayor