TC Res. No. 2013-35 Adopt 2014 CIP BudgetTOWN OF AVON
RESOLUTION NO. 13 -35
SERIES OF 2013
A RESOLUTION TO ACCEPT THE PROPOSED TOWN OF AVON
LONG RANGE CAPITAL PROGRAM AND SIMULTANEOUSLY ADOPT THE
YEAR 2014 CAPITAL PROJECTS FUND BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR
THE CAPITAL PROJECTS FUND AND ADOPTING A BUDGET 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 long -range capital program to said governing body for
its consideration; and
WHEREAS, the Town Council of the Town of Avon has also appointed the
Town Manager to prepare and submit a proposed Capital Projects Fund 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 Capital Projects Fund 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 long -range capital program as submitted to the Town Council
is hereby accepted as an official Town document and planning tool, and that the
information contained therein may be revised or extended each year with regard to capital
improvements.
Section 2. That estimated revenues and expenditures for the Capital Projects
Fund are as follows for 2014:
Town of Avon
Resolution No. 13 -35
Page 1 of 2
2014
Proposed
Budget
Capital Projects Fund
Beginning Fund Balance $ 3,256,169
Revenues and Other Sources 4,300,754
Expenditures and Other Uses 6,391,154
Ending Fund Balance $ 1,165,769
Section 3. That the budget, as submitted, and hereinabove summarized, hereby is
approved and adopted as the Capital Projects Fund budget of the Town of Avon for the
year stated above.
Section 4. That the Capital Projects Fund budget hereby approved and adopted
shall be signed by the Mayor and made part of the public record of the Town.
ADOPTED this 16" day of November, 2013.
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Patt Mc enn Jerk
Town of Avon
Resolution No. 13 -35
Page 2 of 2
TOWN OF AVON, COLORADO
is Carro 1, Mayor