TC Res. No. 2014-11 Amending the 2014 General, Water, Transit and Affordable Housing FundsTOWN OF AVON, COLORADO
RESOLUTION NO. 14 -11
SERIES OF 2014
A RESOLUTION TO AMEND THE 2014 TOWN OF AVON BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES BY
FUND AND AMENDING THE 2014 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 previously adopted the
2014 budget; and
WHEREAS, the Town Council reviewed the revised estimated revenues and
expenditures for all operating funds for 2014; and
WHEREAS, the Town Council finds it necessary to amend the 2014 budget to
more accurately reflect the revenues and expenditures for 2014; 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 the following funds are
revised as follows for 2014:
Ending Fund Balance $ 4.152.573
Town of Avon
Resolution No. 14 -11
Page 1 of 2
Current
Proposed
Amended
2014 Budget
$ 4,853,248
13,242,295
13,395,026
4.700.517
Original or
Previously
Amended
2014 Budget
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 of Avon
Resolution No. 14 -11
Page 1 of 2
Current
Proposed
Amended
2014 Budget
$ 4,853,248
13,242,295
13,395,026
4.700.517
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 27th day of May, 2014.
TOWN OF AVON, COLORADO
Richard Carro 1, Mayor
ATTEST:
& 0
Debbie Hoppe
Town Clerk
Town of Avon
Resolution No. 14 -11
Page 2 of 2
Original or
Current
Previously
Proposed
Amended
Amended
2014 Budget
2014 Budget
Water Fund
Beginning Fund Balance
$ 774,870
$ 754,558
Revenues and Other Sources
165,000
397,000
Expenditures and Other Uses
193,797
407,089
Ending Fund Balance
$ 746,073
$ 744,469
Affordable Housing Fund
Beginning Fund Balance
$ 709,854
$ 709,854
Revenues and Other Sources
3,740
3,740
Expenditures and Other Uses
50.000
200,000
Ending Fund Balance
$ 663.594
$ 513.594
Transit Fund
Beginning Fund Balance
$ 536,063
$ 560,732
Revenues and Other Sources
1,634,883
1,320,883
Expenditures and Other Uses
1,697,892
1,406,079
Ending Fund Balance
$ 473,054
$ 475.536
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 27th day of May, 2014.
TOWN OF AVON, COLORADO
Richard Carro 1, Mayor
ATTEST:
& 0
Debbie Hoppe
Town Clerk
Town of Avon
Resolution No. 14 -11
Page 2 of 2