TC Res. No. 2009-33 ADOPT THE 2010 TOWN OF AVON BUDGETTOWN OF AVON
RESOLUTION NO. 09-33
SERIES OF 2009
A RESOLUTION TO ADOPT THE 2010 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, 2010
AND ENDING ON THE LAST DAY OF DECEMBER, 2010
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 on October 20, 2009, 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 10, 2009, 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
2010:
2010
Proposed
Budget
General Fund
Beginning Fund Balance $ 6,256,272
Revenues and Other Sources 13,930,074
Expenditures and Other Uses 13932,913
Ending Fund Balance $ 6,253,433
Town Center West Maintenance Fund
Beginning Fund Balance $ 54,235
Revenues and Other Sources 230,000
Expenditures and Other Uses 227,395
Ending Fund Balance 56,840
Town of Avon
Resolution No. 09 -33
Page I of 3
2010
Proposed
Budget
Community Enhancement Fund
Beginning Fund Balance $ 353,882
Revenues and Other Sources 65,000
Expenditures and Other Uses 280,000
Ending Fund Balance $ 138,882
Water Fund
Beginning Fund Balance $ 2,155,173
Revenues and Other Sources 165,000
Expenditures and Other Uses 530.8$4
Ending Fund Balance 1,789.289
Affordable Housing Fund
Beginning Fund Balance $ 651,675
Revenues and Other Sources 0
Expenditures and Other Uses 1,700
Ending Fund Balance $ 649,975
Facilities Reserve Fund
Beginning Fund Balance $ 513,251
Revenues and Other Sources 77,702
Expenditures and Other Uses 137,333
Ending Fund Balance 453,620
Debt Service Fund
Beginning Fund Balance $ 636,499
Revenues and Other Sources 1,161,175
Expenditures and Other Uses 1,161,175
Ending Fund Balance $ 636,499
Avon Metropolitan District Fund
Beginning Fund Balance $ 62,981
Revenues and Other Sources 484,208
Expenditures and Other Uses 484,208
Ending Fund Balance $ 62,981
Town of Avon
Resolution No. 09 -33
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2010
Proposed
Bu— get
Transit Enterprise Fund
Beginning Fund Balance $ 471,888
Revenues and Other Sources 1,683,964
Expenditures and Other Uses 2,125,018
Ending Fluid Balance $ 30,834
Fleet Maintenance Enterprise Fund
Beginning Fund Balance $ 675,239
Revenues and Other Sources 2,686,572
Expenditures and Other Uses 2,632,548
Ending Fund Balance $ 729,263
Equipment Replacement Internal Service Fund
Beginning Fund Balance $ 1,520,917
Revenues and Other Sources 384,319
Expenditures and Other Uses 411,615
Ending Fund Balance 1,493,621
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 24th day of November, 2009.
TO
Ronald
41TT:
nny
Town of Avon
Resolution No. 09 -33
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F AVON, CO
61
olfe, Mayor