URA Res. No. 14-03 Summarizing Expenditures and Revenues and Adopting a Budget for the URAAVON URBAN RENEWAL AUTHORITY
TOWN OF AVON, COLORADO
RESOLUTION NO. 14 -03
SERIES OF 2014
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES AND
ADOPTING A BUDGET FOR THE AVON URBAN RENEWAL AUTHORITY FOR
THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2015, AND
ENDING ON THE LAST DAY OF DECEMBER, 2015.
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;
WHEREAS, Virginia Egger, Town Manager, has submitted a proposed budget to said
governing body on October 14, 2014;
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 November 11, 2014 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 the Avon Urban Renewal Authority
are as follows for 2015:
Ending Fund Balance $ 797.684
2015
Proposed
Budget
Avon Urban Renewal Authority
Beginning Fund Balance
$ 776,835
Revenues and Other Sources
701,303
Expenditures and Other Uses
680,454
Ending Fund Balance $ 797.684
Section 2. That the budget, as submitted, 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 11th day of November, 2014.
AVON URBAN RENEWAL ORITY
Rich Carroll, Chairman
ATTEST:
Scott Wright, Treasurer.
CERTIFIED:
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Debbie Hoppe, Aut ority Clerk