URA Res. No. 2008-04TOWN OF AVON, COLORAOD
RESOLUTION NO. 08-04
SERIES OF 2008
BEFORE THE BOARD OF COMMISSIONERS
OF THE AVON URBAN RENEWAL AUTHORITY
STATE OF COLORADO
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR
EACH FUND AND ADOPTING A BUDGET FOR THE AVON URBAN
RENEWAL AUTHORITY FOR THE CALENDAR YEAR BEGINNING ON THE
FIRST DAY OF JANUARY, 2009, AND ENDING ON THE LAST DAY OF
DECEMBER, 2009.
WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority
has directed the Authority's Executive Director/Secretary to prepare and submit a
proposed budget for its consideration; and
WHEREAS, Larry Brooks, Executive Director/Secretary, has submitted a
proposed budget to said governing body on October 7, 2008; and
WHEREAS, upon due and proper notice, published or 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 October 28, 2008 and interested taxpayers were given the
opportunity to file or register any objections 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 BOARD OF
COMMISSIONERS OF THE AVON URBAN RENEWAL AUTHORITY:
Section 1. That estimated revenues and expenditures for each fund are as follows
for 2009:
2009
Proposed
Budget
General Fund
Beginning Fund Balance $ 7,862
Revenues and Other Sources 45,000
Expenditures and Other Uses 46,600
Ending Fund Balance $ 6,262
2009
Proposed
Bud =et
Debt Service Fund
Beginning Fund Balance
$ 4,212,193
Revenues and Other Sources
681,757
Expenditures and Other Uses
1,145,577
Ending Fund Balance $ 3,748,373
Capital Projects Fund
Beginning Fund Balance $ 14,751,729
Revenues and Other Sources 1,198,271
Expenditures and Other Uses 15,950,000
Ending Fund Balance $ 0
Section 2. That the budget, as submitted, amended, and hereinabove summarized
by fund, hereby is approved and adopted as the budget of the Avon Urban Renewal
Authority for the year stated above.
Section 3. That the budget hereby approved and adopted shall be signed by the
Chairman and made part of the public record of the Authority.
ADOPTED this 1 I"' day of November, 2008.
P~OFq
AT ES ~atORR';
AVON UR AN ENEWAL A HORITY
Ronald C. Wolfe, Chairman
P tty M Kenny
A r' y Clerk
URA Resolution No. 08-04 09 Budget
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