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URA Res. No. 2009-03AVON URBAN RENEWAL AUTHORITY RESOLUTION NO. 09-03 SERIES OF 2009 A RESOLUTION TO AMEND THE 2009 AVON URBAN RENEWAL AUTHORITY BUDGET A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY FUND AND AMENDING THE 2009 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 previously adopted the 2009 budget; and WHEREAS, the Authority Board reviewed the revised estimated revenues and expenditures for all operating funds for 2009; and WHEREAS, the Authority Board finds it necessary to amend the 2009 budget to more accurately reflect the revenues and expenditures for 2009; 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 the following funds are revised as follows for 2009: Avon Urban Renewal Authoritv Fund Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Original or Previously Amended 2009 Budget $ 18,971,784 1,925,028 17,142,177 3.754.635 Current Proposed Amended 2009 Budget $ 19,236,053 7,776,348 26,050,762 961.639 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. LIRA No. 09 -03 Amended URA Budget 2009 Page 1 of 2 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 26th day of May, 2009. ATTEST: i '3� /' c, � , •,rr�rr.u•rr••r� A•. 1 • 1.r ail o : SEAL AVON U RENEWAL AUTHORITY onald C. Wolfe, Chairman i URA No. 09 -03 Amended URA Budget 2009 Page 2 of 2