HomeMy WebLinkAboutbocc.res.108.2012 A RESOLUTION OF THE BOARD OF COUNTY CONIlVIISSIONERS OF PITKIN
COUNTY,COLORADO,AMENDING THE INITIAL 2013 BUDGET FOR THE '/z-CENT
TRANSIT SALES AND USE TAX FUND
RESOLUTION NO. /OS� -2012
RECITALS
1. At its November 14, 2012 meeting the Pitkin County Board of County
Commissioners adopted Resolution No. 097-2012 approving the initial 2013 budget for the one-half
cent transit sales and use tax.
2. Attached to that resolution was a budget spreadsheet showing the$200,000 line item
for Rubey Park planning as funded from the$3 million capital pool.
3. The Aspen City Council and Snowmass Village Town Council have approved the
same resolution but with an attached budget spreadsheet showing the $200,000 line item for Rubey
Park planning as funded from the Entrance-to-Aspen lockbox.
4. The Board of County Commissioners wishes to amend its prior resolution to
attach the same budget spreadsheet as approved by Aspen and Snowmass Village.
NOW THEREFORE BE IT RESOLVED by the Board of County Commissioners of
Pitkin County, Colorado, that the attached spreadsheet for the initial 2013 budget for the one-half
cent transit sales and use t� is hereby su6stituted for that spreadsheet attached to Resolution No.
097-2012.
1NTRODUCED,READ AND ADOPTED ON DECEMBER 19,2012.
,�%`���',.
A`TTES�: BOARD OF COUNTY C SSIONERS
OF PIT N COUN Y, L O
t
��� � By: � � .
Jea tte Jones ichael M.Owsley, hairman
De ty County Cler
Date: f�. -�'f�� /"ZG/ �—'
MANAGER APPROVAL:
Jon co ,County Manager
�
t
PROPOSEQ 2013 BUDGET AND MULTI-YEAR PLAN
EOTC Transit Pro�ect Funding n�w� Projected Proposed
, P�� �� ..1� � �����,��,�-�A �„ - pctual Budget Plan Plan Plan Plan
�Ni'�'!"�#i�jt _ ,. � � .�. �.
- - 20N 2012 2013 2014 2015 2016 201T
FUNDING SOURCES: 3 7gg,qq7 3,977,000 4,116,000 4,260,000 4,409,000 4,563,000 4,723,000
a) Pdkin County t/2%sales tax 765,570 789,000 813,000 837,000 862,000 888,�0� 915,000
b) Pdkin CouMy 1/2°�use tau g�.gg7 51,000 54,000 62,000 67,000 231,000 406,000
c) InvestmeM income&misc. q ppp 6,044,000
d Brush Creek Lot rentals q,659,914 4,817 000 4,983,000 5,159,000 5,338 000 5,662,000
Total Fundi So�rces
FUNDING USES , f T ��,8�,4�fi 1��3 "''�4'f�9, fl �U6� � 11���4 � �� T�� . ?�8�
4�.t38��c�c� ,; � : �"�, �,�`'�
� � ;24.7Fi� ^[T 39`L-j{ � � a r � �� ��'
�. � - #XistS � �. . m ''� � � G0�p �8,�' �'���
4id+� , ; � 8{9P�'
s�t�loceUt�nBrtteeti�9 w
� x $�7
2� �s � r r Y a � � f � m ��3� � ��� '1{160D�� � 1{S�� �fl�W� 9�,�
3� ����'�'� �ps�F�[Y�ph`s � � � � � � s �� �,� 32.� �1Ct�D 32afl�U ` �'it.A� ' �,6�7��'
.d�X�+�?��Y � ,
S� �Sh�k�tc��-��'�'r�'�s� �` f� ` � � r 3,53 8,26�, �.3`�22� , , , „
'9b1. '?3•�$��" �492,492 ,�,��?S4, z �$�
�° ������ `° sz,as2 �so�,zs�
� , .. :�, � ..
6�-fi'F�'J1�� �' ` „ ' S53.837 553,638 507,267
7) No-fare AsperrSnowmass-Woody Creek bus service-year-ramd n� �298 $0 Z98
8) No-fare bus serwce winter spring,fall 75 689 ���
9) No-fare bus serv�ce summe�r(funded from S�����fmm ETR�x) �7� 15B�53Z
�flj i4)16G�'a-x�nss�aes��n �� ricri3,��•���wc�sbXS�) ��n� � ���i � ��� � �� � #�7�t�'�
'�1� ��M���IV��y�� ., az� �- �� rF.��i r �3" 'n�'��� �`��#�OB� r .� �,� e,
�i�} .�, �sr� �a�� '' ,`�y
a�' ' � ��� �� ����� �� � ��� �.c� .,
t� ;_ , _- �, � w� y����_ b,,,�����
� � �
� .��.�� �.,._ � , � � _ � zoo oon,
12" P�c• ' & cf� funtletlfrt�mET�
3 896 31 S 4 268 656 5 348,644 6,162,917 4 414 925 4 563 411 4 563,411
TotalUses �b'9fi ,:- ,�349 ,:;;_CS&5fi4#� .��ct�;`�'1�' � ;�`3U1S, ;;';11t �`: �.4�:�'
�TC�1►�lUAt:-St�Ri}i:U�'�{;?L�IG1
�. ,�. , ,: ' ,, r. „ �
„
EOTC CUMULA7IVE SURPLUSI DEFICI FUND BALANCE 10.192;363 1D,740J07 ,70,375,063 9,371,146 1D,294,221 11,412,810 72,893,399
Revenue�nroiec6o�s: 8.1% 4.�%
3.5% 3.5% 3.5% 3.5% 3.5%
a) sales tax 3.0% 3.0% 3.0% 3.0% 3.0�
-6.1% 3.0% 3.5%
b) use tar 0.5% 0.5% 0.6% 0.7% 2.2%
0.9%
c) investment earnin s rate
' 2017
?ON ��. �2012 2013 �, 2014 �2015 2016 .. .,..
Fund balance desiqnated for Snowmass Villaae Transk Cerrter ISV� �75�9� (���p) '����� �80 29B� �gp,2ga)
less summer no-fare service (B2 r�pp) �5pp,000) (937,500) ' "
less 1/2 of advance to capital pool . _ - 32,701 226,392
lus reimbursemeM of advance to ca dal � '430,165 6,367,665 5,791,976 '4;776 516 '4,698,557 [E 4;650;960 4,797y053
Year�nd fund balance designated for Snowmass Village Transit Center 6, Advance
1,240,906
receivable
2815 2�16 �, 2tf17 �
2I111 �'2DA2 20Y3 .; 20i4 . -� 4,723,000'��.
Calculation ofamCUnYall6cated to Entt�►ue�o-A3 n'ETA 3,796,447 3,977,000 4,116,000 4.260.000 4,409,000 4,563,000
P itkin CouMy 1/2%sales tax . 765 570 789 000 813,000 637 000 862 000 888.000 915,000
Pdkm County 1/2%use tax � �;
A�l ��'lf#�}� j�?R99�3y ,{,��.-
k,sstz��tCf�ttes9� '' x.; {4��,852j '�.��: 13.�9` .E!C�'1� s� � �
�ess Rf7'fa'��'+ 4 4+196 rif 173�a's8t�. �6'4 �'2 961 : 3'335 t�6. ��+�23�# : 3 a''�3.0`"sA ; 6J7•�a5 �.69�855'
1,312,904 1,334,814 1,334,193 1,379,535 1,426,527 1 475,155 1,662,155
Netrevenuetobealbcated 875,269 889,876 889,462 919,690 951,018 983,437 1,108,103
Annual 2/3's albcaCron to EnVance-to-Aspen 20,583 29,353 50,016 150,048
plus reimbursement to ETA for$250,00�P�esVian crossing funding �62,Sp0) (500,000) (93��500) _ �
less 12 of advance to capital pooi _ _ 32,701 226,392
plus reimbursemeM of advance to capital pool (200,000)
less Rubey Park planning funded from ETA 111 673 216 532
Iessanrwaidiscretwna fundi deficd 3��.198 ,4,3T3,042' 4,�3�0H7 4,394�63� $,�5,� ���61,851 8,�,�'
Year-end furM tralar�ce de�'ignated f°r E�rance�a-�Pe� (ETA) Advance
1240 9�6'
receivable
rsq� `�`i5 64g�_`..�'�x�€Y(7�.. ,� �tB75�;..,.. 9,��r� ..�E ::��3 589':
�� � , i
,., � - . ' - , .�,r,„�,,. �'�.. .# . 983,437) (1,106,103)
�O7`�,fii�T�1CL��il�t�$�S�r1k�8�bt�5� �. , -:;,� !,. „ ,,; , ,.. ...= .,, , ,
iess Mnual 2/3's allocation to EMrance-to-Aspen (875,269) �825 000) 1(000,000) 1(g75,000) (951,018) (
plus advance for capdal projects pool 200,000 �Zgg g0,298
plus Rubey Park planning funded from ETA 75,689 77 960 ��.�
us summer rro-fare bus service furxled from SVTC lockbox ���1,673) (216,532) 20,563 29,353 50,016 215,451 452,785
Remainirg annual discretionaryfunding (20,583) (29,353) (50 016) (150,048)
less reimbursement to ETA for$250,000 ped crossing fundirg 65 403 452 785
less reimbursemeM of advance to ca ital ol ,; , "
, :
�a#}11f�t�! Hi�'�eltl1b11IS8En�1�
,, �� ,
� �< �.;
£i�tu12�V8:r�+1a • ` ^ FYent�". "�Rer;trs�ribur3er�ie�.. .
, ' 125,000 1,125,000 3,000,000 3,000,000 2,934,597 2,481,613
remammg balance to reimburse ETA&SVTC for advance to capdel pooi 250� 250,000 229,417 200,064 150,048 -
remaini balance to reimburse ETA for 2011-12$250,000 advance Advance
'%:��l$1 8'�3:
payable
is earc w�m a�nev�rom Eraxi�
u/unou �--