HomeMy WebLinkAboutbocc.res.097.2012 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF PITKIN
COUNTY,COLORADO,APPROVING THE INITIAL 2013 BUDGET FOR THE '/Z-CENT
TRANSIT SALES AND USE TAX FUND
RESOLUTION NO. QQ� -2012
RECITALS
1. The Aspen City Council,the Pitkin County Board of eounty Commissioners and the
Town Council of Snowmass Village (the "Parties") have previously identified general elements of
their Comprehensive Valley Transportation Plan (the 'Plan") which are eligible for funding from
the Pitkin County one-half cent transit sales and use tax.
2. By intergovernmental agreement dated September 14, 1993,the Parties agreed:
a, to conduct regular public meetings to continue to refine and agree upon proposed
projects and transportation elements consistent with or complimentary to the Plan; and
b. that all expenditures and projects to be funded from the County-wide one-half cent
transit sales and use ta�t shall be agreed upon by the Parties and evidenced by a
resolution adopted by the governing body of each party.
3. At the EOTC meeting held on October 18, 2012, the Parties considered and
approved the attached proposed 2013 budget for the Pitkin County one-haif cent transit sales and
use tax as subsequently modified by the Aspen City Council on October 30,2012.
4. By adoption of this resolution the Board of County Commissioners wishes to
ratify the approval given at the EOTC meeting.
NOW THEREFORE BE IT RESOLVED by the Board of County Commzssioners of
Pitkin County, Colorado,that the attached initial 2013 budget for the one-half cent transit sales and
use ta��is hereby approved as summarized below:
Total 2013 Revenues $4,983,000
Total 2013 Expenditures $5,348,644
INTRODUCED,READ AND ADOPTED ON NOVEMBER 14,2012.
T EST: BOARD OF COUNTY COMMISSIONERS
OF PITHIN COUNTY COLORADO
>
� gy; ��,V (� .
Je ette Jones Michael M. Owsley,Chairman
D puty County erk
Date: �/�7r' �0/y
MANAGER APPROVAL:
_ ' �
Jon P cock,County nager
PROPOSED 2013 BUDGET AND MULTI-YEAR PLAN
EOTC Transit Project Funding ,n�wai Projected Proposed
Actual Budget Plan Plan Plan Plan
2011 2012 2013 2014 2015 2016 2017
FUNDING SOURCES:
a) PRkin County t!2%sales tax 3,798,447 3,977,000 4,116,000 4,260,000 4,409,000 4,563,000 4,723,0
b) Pdkin County 1/2%use tax 765,570 789,000 873,000 837,000 862,000 888,000 915,000
c) Investment income&misc. 91,897 51,000 54,000 62,000 67,000 231,000 406,000
d Brush Creek Lot rentals 4'�
TotalFurxlin Sources 4,659,914 4,817,000 4,983,000 5,159,000 5,338,000 5,682,000 6044,0�0
FUNDINGUSES p� g '1 ;��4 �'��$� �����
1� U3��X�KU1G�tS a � 6 �,4l8 24�� �17,'�2 - ��1�� �9�3T� �2i3��3"� �.�
2� AdTtinlstr�iue�OSt"�t��Rr�Smeet�pi'x�sts '�, i � �r�� � 613� � ' �,� ; S� � r ,` g� '; 8,€lfi[7
3j Catil�edn��tdb�sEtiPsafelYp�{s s. � � �k � 5G�"CNIQ '7Q0#fil 1UQflti� 'I�o-;a� �aca� �;�:
1
4� J�=�nea�ra��Y '` , � � � � �, '��� 3i3tl�0 ' 320�#t� � E �.tt(Itf 32€1QR 32fl(10 3'2,i�,
5) Bt�t�r�eftit�Lot�'�tu��5 , � ,
' ��r,;3;q�s,�s. .�.9��, ,_a,3as�u�,;_.�a��_ �5�3,oSa , �ss�ss5 `��- �ss�s"ss��
sl �#F'rq�'�s���t�;�t��s�c�. : � „
T� � 553,837 553,638
7) No-fare Aspen-Snowmass-Woody Creek bus service-year-round 478�qg qg2,492 492,492 507 267 507,267
8) No-fare bus service winter sprmg,fall 75 5g 77 960 , �
9) No-fare bus servwe summer(funded from SVTC bckbox) ��� ,��� 9
�� 77 960 '�.'. 80,298..� �.��80
70� AR�C P���s�8 erp�r�rina{$2�Ic aauarxea firvm�R rockbc�x) ,� � � �� � �s�5 adtt.
t�F) iC�a��P���aduanc.�d �y irom�r15&s1TrC bc(cborces� ���� � � � � y �� � �� � � "�� `t��
� � ��� � � � ����� � �j � �9�h ������a��� � ������': �,,.. �: a.
� � y
��Ki C , : , x.z ,� :� e;' ✓,: / / / "�i H '�.=3
�f � �; " d ✓ � � ' ' � � 4 563 411 4 563 411
� ` 3 896,318 4 266 656 5 348, 5,962,917 4,414 925 . , �
Total Uses ; �9$i�_ ? (3�5,�`d4)" �E.(�,917� 9�3U75 :: �'l1�,�89 �: .,i,�3;589'
Efl"ECAI�IUALS�IEtE!d»#7SiE'?EFtCI . ... :,. � ' �:t „ �: %!'. �: ��
EOTC CUMULATIVE'SURPLUSI DEFICI FUND BALANCE ' 10,192,363 10,740,707 10,375,063 ' 9,571,146 10,494,221 1'1,612,81� 13,093,399
Revenue proiec6ons 6�y 4.7� 3.5% 3.5% 3.5% 3.5% 3.5%
a) sales tax
-6.1% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0%
6J use tar
c investmentearnin srate 0.9% 0.5% 0.5% 0.6% 0.7% 2.2% 3.5°0
Fund balance desiqnated for Snowmass Villaqe TranskCenter(SVTCI 2°�i 2°�2 2°i3 Zo�4 zo�5 Zo�6 Zo»
(75,689) (77,960) p7,960) (60,298) (80,298)
less summer no-fare service (62,500) (600,000) (837,500) - ' �
less 1/2 of advance to capital pool 32,701 226,392
lus reimbursement of advance to ca ital ol
Year-end fund balance designated for Snowmass Village Transit CeMer ' 6,430,165 6,367,665 ' S,691,976 '' 4,776,516 4 698,557 '4,650,960 '' Advance53
1,240,906
receivable
Calculation ofamountallocatedbo Entrance-to'-Rspen IETAi naiy : 2p�2 2oh3 2ats ' zo�s 2uAS za�7
Pdkin Counry 1/2�sales tax 3,798,447 3,977,000 �4,116,000 4,260,000 4,409,000 �4,563,000 4,723,000
P dkin Counry 1/2%use tax �
765.570 789000 813,000 837,000 862000 888,000 915,000
q���.e521 . .:�.zz�� = ;�,z#a?� (�s�rss�� (2��a�s} ,>(�r�:�); ' i?2�r.e�)
�ssasm�ndtedtui+ding = ,Q78,�£4 ' -3,2229�i -. ,335:st�s^ 3�4a�"3�4 �3.5734� 3687.a�5-; ��3,69�,8�5
�����b�8�'������'�t�� " 1.312,904 1,334,814 1,334,193 1,379,535 1,426,527 1475,155 1,662,155
Netrevenuetobealbcated 875,269 889,876 689,462 919,690 951,018 983,437 1,108,103
Annual 2/3's albcatbn to Entrance-to-Aspen 20,583 29,353 50,016 150,048
plus reimbursement to ETA for$250,000 pedestrian crossing funding (62,500) (600,000) (837,500) - ' '
less 1/2 of advance to capital pool _ _ - 32,701 226,392
plus reimbursement of advance to caprtal pool ���,673 216,532
less anrx�al discret�ona fundi deficR .
Year-end fuml baiattce designated for Entrance-to-flspen (ETA) I 3,782;t98 �,373,042 '4,ss3.o87' a,794;630 5,795,664 6,961,85� 8,296,346
Advance
t,240,906
receivable
ut cn �� "' : �� � �d�a, �2cr�2 �ct�a �;� 2a�a; z4a� 2a�s �. aor� �.
n
(s7s,2ss� ... -�`�,�� ? ��_��€.._ �t�s��.. :�J23,a7"� „''I,��s,�89; .,� '1�4�i5s�=
�TC.�t�1A��p��7�(�t�f+xr�`�#�g� ,. , . 363.5� stA�s) (sea,as�j ���os,�osj
� iess Annual 2/3's allocation to EnVance-to Aspen 125,000 1,200,000 1,675,000 - ' -
plus advarxe for capital projects pool 75 ggg 77,960 77,960 8�298 $��298
lus summer no-fare bus service funded from SVTC lockbox �»�,673) (216,532) 20,583 29,353 50,016 215,451 452,785
Remaining annual discretionary funding �Zp,5g3) (29,353) (50,016) (150,Q48)
less reimbursement to ETA for$250,000 ped crossing funding _ 65,403 452,785
less reimbursement of advance to ca ital I
�+igtartnuai.eii . iuntli .aftarr�imburse�h�nts ~�: _
� ; .
Cumula#IYexemaiif efit»u3,''�undi aitarti�uYtbur5ernet►ts-., c' ' , % '
remaining balance to reimburse ETA&SVTC for advance to capital pool 125,000 1,325,000 3,000,000 3,000,000 2 934,597 2,481,813
remainin balance to reimburse ETA for 2011-12$250,000 advance 250,000 250,000 229,417 200,064 150,048 qdvance
2,9$�.,833'
payable
13 EOTC proposed budgMxlu
11/7/2012