HomeMy WebLinkAbout02 Budget Resos AGENDA ITEM SUMMARY
MEETING DATE: December 13, 2016
AGENDA ITEM TITLE: Second Reading and Public Hearing for Three Resolutions
Concerning the 2017 Budget:
1. A Resolution Summarizing Revenues and Expenditures for Each Fund and
Adopting a Budget for Pitkin County, Colorado for the Calendar Year 2017
2. A Resolution Appropriating Sums of Money to the Various Funds for Pitkin
County, Colorado, for the 2017 Budget Year
3. A Resolution Levying General Property Taxes for the Year 2016, to Help Defray
the Costs of Government for Pitkin County, Colorado, and Its Special Districts for
the 2017 Budget Year
STAFF RESPONSIBLE: Connie Baker, Ann Driggers
ISSUE STATEMENT: We are seeking approval on three resolutions concerning the
2017 budget. The 2017 Budget Adoption Resolution and the Budget Appropriation
Resolution represent the 2017 budget by fund as prescribed by state budget law. It is
necessary to formally adopt and then appropriate the 2017 budget. In addition, there is a
resolution to set the mill levies for the funds that the Board of County Commissioners
oversees including the General Improvement Districts and the Ambulance District.
LINK TO STRATEGIC PLAN: The County prepares a five-year budget plan in order
to assure the responsible and accountable stewardship of County assets and the long-term
sustainability of services and infrastructure. Each department prepares a budget profile
which includes a narrative discussion of the department's overall budget request; factors
that will impact the department's budget for the 2017 budget year and five year plan; and
indicators/measures of department success. The budget profiles provide a broad context
for a department's budget request and provide a good overall discussion of the outcomes
departments are pursuing. Recommendations for additions to the budget are evaluated in
light of the County's strategic plan, and departmental budget plans are designed to further
the success factors which will promote a healthier, safer, and more vibrant and
sustainable community in Pitkin County.
BACKGROUND: The 2017 budget complies with the County's budget policy to adopt
a balanced five-year plan for General Fund operations (General Fund, Road& Bridge and
Human Services funds). This policy assures that any ongoing requests for services can
be funded over a period of time, and further assures that the County can financially
sustain the services valued by the community. The budget plan for General Fund
operations provides a surplus of$2,265,543 over the five years, an average of$453,109
per year. Staff has also presented a Capital Fund ten-year plan with a revenue stream
funded from 44% of sales tax collections and supplemented by transfers from General
Fund operating surplus in order to maintain the County's infrastructure (roads, facilities,
technology, and vehicles) on a long-term basis. Multi-year budget plans for County
funds are included as attachments to this memo, as well as, a summary of fund balances
for all County funds.
1
For all funds, the proposed 2017 budget is $102,701,166 which is a 2.6% decrease from
prior year. The decrease is due to budgeting the majority of the cost for the Sheriff and
Admin building construction and Plaza remodel in 2016. The proposed 2017 budget
maintains a healthy fund balance for all funds of$64.4 million, or 63% of total
appropriations, and in the General Fund $14 million, or 39% of total appropriations.
Budget Resolutions: Over the last two months the Board has heard presentations from
representatives of each strategic plan core focus area to understand the operations and
needs of the departments which are providing services to our citizens. Changes from
prior year were proposed to meet increases in service demands, to meet changing
business model needs, and to enhance the strategic goals of the County. The budget
resolutions reflect all changes agreed on by the Board during these meetings.
Setting County Mill Levies:
The total property tax revenue that can be collected by the County is limited to growth
and inflation, with the exception of the Open Space and Trails fund, for which voters
removed this limitation. Every two years, the County Assessor revalues all properties in
the County. The 2016 values are based on the market conditions as of June 30, 2014, and
affect the County property tax revenues for 2016 and 2017. Since the basis for the
assessed valuations did not change over that used in last year's budget, the revenue
increase for property tax is limited to the change in valuation from new construction less
demolitions, or any changes in property classification [for example from vacant land
(29%)to residential (7.76%)]. Assessed valuations decreased 0.4% due to changes in
property classifications, increased 1.9% from net new construction, and increased 2.5%
for inflation. Total 2017 budget for property tax revenues for the County is $26.7 million
which is $509,847 more than was levied in 2016.
Property taxes per fund are $7.6 million to support the General Fund(General, Road&
Bridge, and Human Services); $11 million to the Open Space and Trails program; $2.2
million to the Healthy Community Fund; $3.9 million to the Library District; $803
thousand for the TV and FM Translator program; $17.3 thousand for Twining Flats and
Redstone Ranch Acres General Improvement Districts; and $1.1 million to the Aspen
Ambulance District.
KEY DISCUSSION ITEMS:
1. The Finance Department will continue to monitor significant revenue streams,
including sales tax, investment income, Clerk's fees, and Community Development
fees, as these revenues have historically seen the most volatility.
2. The Budget Department will continue to review the expenditure budget on a line-by-
line basis and advise the Commissioners of any potential changes at quarterly budget
update meetings.
BUDGETARY IMPACT: These documents are the basis for the 2017 budgets for all
funds which the Board of County Commissioners oversees.
2
RECOMMENDED BOCC ACTION: Each resolution needs to be acted upon as a
separate action item.
1. Approve A Resolution Summarizing Revenues and Expenditures For Each
Fund and Adopting a Budget for Pitkin County, Colorado for the Calendar
Year 2017 at second reading and public hearing on December 13, 2016.
2. Approve A Resolution Appropriating Sums of Money to the Various Funds
for Pitkin County, Colorado, for the 2017 Budget Year at second reading and
public hearing on December 13, 2016.
3. Approve A Resolution Levying General Property Taxes for the Year 2016, to
Help Defray the Costs of Government for Pitkin County, Colorado, and Its
Special Districts for the 2017 Budget Year at second reading and public hearing
on December 13, 2016.
ATTACHMENTS: The above mentioned resolutions are attached. In addition, the
following items are attached:
• Fund Balance Overview for All County Funds
• 2017 County Expenditures Pie Chart
• General Fund Operations Five-Year Plan
• Capital Fund Ten-Year Plan
• General Fund Balances Chart
• Multi-year budget plans for the County's special revenue funds and
enterprise funds
3
RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF PITKIN COUNTY, COLORADO
RESOLUTION # -2016
A RESOLUTION SUMMARIZING REVENUES AND EXPENDITURES FOR
EACH FUND AND ADOPTING A BUDGET FOR PITKIN COUNTY,
COLORADO FOR THE CALENDAR YEAR 2017.
1) The Board of County Commissioners of Pitkin County has appointed the County Manager
to prepare and submit a proposed budget for their approval. This budget was prepared in
conformance with Colorado State Constitution Amendment One; and
2) Upon due and proper notice, published or posted in accordance with state law, said
proposed budget was open for inspection by the public at a designated place, a public hearing was
held on December 13, 2016, and interested citizens were given the opportunity to file or register any
objections to said proposed budget; and
3) Whatever increases may have been made in expenditures, like increases were made to
revenues so that the budget remains in balance.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Pitkin
County, Colorado that estimated revenues, transfers from other funds, and use of prior years'
surplus for each fund are as follows:
2017 USE OF TRANSFER
TOTAL PRIOR YEARS' FROM OTHER
FUNDS REVENUES SURPLUS FUNDS TOTAL
General Fund 23,887,805 256,869 539,595 24,684,269
Capital Fund 4,360,381 2,003,330 550,000 6,913,711
Road & Bridge Fund 2,878,797 0 0 2,878,797
Human Services Fund 2,039,053 146,063 235,000 2,420,116
Translator Fund 1,054,963 207,938 0 1,262,901
Healthy Community Fund 2,307,833 0 0 2,307,833
Redstone Ranch Acres GID Fund 9,854 0 0 9,854
Aspen Ambulance District Fund 7,186,300 0 0 7,186,300
Open Space &Trails Fund 12,100,182 0 69,000 12,169,182
Conservation Trust Fund 62,300 0 0 62,300
Housing Impact Fund 913,361 9,916,350 0 10,829,711
Healthy Rivers and Streams Fund 1,047,600 446,109 0 1,493,709
Transit Sales/Use Tax Fund 16,070,112 0 0 16,070,112
Aspen Library Fund 4,288,501 0 0 4,288,501
Transit Sales Tax Debt Fund 658,031 0 0 658,031
Twining Flats GID Fund 8,633 771 0 9,404
Airport Fund 12,754,802 379,386 0 13,134,188
Solid Waste Center Fund 5,134,150 0 0 5,134,150
96,762,658 13,356,816 1,393,595 111,513,069
4
That estimated expenditures,transfers to other funds, and additions to surplus for each fund are as
follows:
2017 ADDITIONS TRANSFER
TOTAL TO TO OTHER
FUNDS EXPENDITURES SURPLUS FUNDS TOTAL
General Fund 23,865,269 0 819,000 24,684,269
Capital Fund 6,913,711 0 0 6,913,711
Road & Bridge Fund 2,878,797 0 0 2,878,797
Human Services Fund 2,420,116 0 0 2,420,116
Translator Fund 1,262,901 0 0 1,262,901
Healthy Community Fund 1,731,733 63,505 512,595 2,307,833
Redstone Ranch Acres GID Fund 6,462 3,392 0 9,854
Aspen Ambulance District Fund 7,162,595 23,705 0 7,186,300
Open Space &Trails Fund 6,886,727 5,282,455 0 12,169,182
Conservation Trust Fund 0 300 62,000 62,300
Housing Impact Fund 10,829,711 0 0 10,829,711
Healthy Rivers and Streams Fund 1,493,709 0 0 1,493,709
Transit Sales/Use Tax Fund 15,089,343 980,769 0 16,070,112
Aspen Library Fund 3,924,006 364,495 0 4,288,501
Transit Sales Tax Debt Fund 657,261 770 0 658,031
Twining Flats GID Fund 9,404 0 0 9,404
Airport Fund 13,134,188 0 0 13,134,188
Solid Waste Center Fund 4,435,233 698,917 0 5,134,150
102,701,166 7,418,308 1,393,595 111,513,069
That the budget as submitted, amended and herein above summarized by fund, is hereby approved
and adopted as the budget of Pitkin County for 2017.
That the budget as hereby approved and adopted shall be signed by the Chairman of the Board of
County Commissioners and made a part of the public records of the County.
INTRODUCED AND FIRST READ ON THE 7TH DAY OF DECEMBER, 2016 AND SET FOR SECOND
READING AND PUBLIC HEARING ON THE 13TH DAY OF DECEMBER, 2016.
NOTICE OF PUBLIC HEARING AND TITLE AND SHORT SUMMARY OF THE RESOLUTION
PUBLISHED IN THE ASPEN TIMES WEEKLY ON THE 24th DAY OF NOVEMBER, 2016.
NOTICE OF PUBLIC HEARING AND THE FULL TEXT OF THE RESOLUTION POSTED ON THE
OFFICIAL PITKIN COUNTY WEBSITE(www.pitkincounty.com )ON THE 1st DAY OF DECEMBER, 2016.
ADOPTED AFTER FINAL READING AND PUBLIC HEARING ON THE 13TH DAY OF DECEMBER,
2016.
PUBLISHED BY TITLE AND SHORT SUMMARY, AFTER ADOPTION, IN THE ASPEN TIMES
WEEKLY ON THE 22ND DAY OF DECEMBER, 2016.
POSTED BY TITLE AND SHORT SUMMARY ON THE OFFICIAL PITKIN COUNTY WEBSITE
(www.pitkincounty.com ) ON THE 15TH DAY OF DECEMBER, 2016.
ATTEST: BOARD OF COUNTY COMMISSIONERS
Jeanette Jones Rachel E. Richards, Chair
Deputy County Clerk
Date:
5
RECOMMENDED FOR APPROVAL: MANAGER APPROVAL:
Connie Baker Jon Peacock
Budget Director County Manager
6
RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF PITKIN COUNTY, COLORADO
RESOLUTION # -2016
A RESOLUTION APPROPRIATING SUMS OF MONEY TO THE VARIOUS FUNDS FOR
PITKIN COUNTY, COLORADO, FOR THE 2017 BUDGET YEAR.
1) The Board of County Commissioners has adopted the annual budget in accordance with the
local government budget law, on December 13, 2016; and
2) The Board of County Commissioners has made provision therein for revenues in an amount
equal to or greater than total proposed expenditures as set forth in said budget; and
3) It is not only required by law but also necessary to appropriate the revenues provided in the
budget to and for the purposes described below, so as not to impair the operations of the County.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Pitkin
County, Colorado that the following sums are hereby appropriated from the revenue of each fund, as
the expenditures of each fund, for the purposes defined in the annual budget presentation:
2017 ADDITIONS TRANSFER
TOTAL TO TO OTHER
FUNDS EXPENDITURES SURPLUS FUNDS TOTAL
General Fund 23,865,269 0 819,000 24,684,269
Capital Fund 6,913,711 0 0 6,913,711
Road & Bridge Fund 2,878,797 0 0 2,878,797
Human Services Fund 2,420,116 0 0 2,420,116
Translator Fund 1,262,901 0 0 1,262,901
Healthy Community Fund 1,731,733 63,505 512,595 2,307,833
Redstone Ranch Acres GID Fund 6,462 3,392 0 9,854
Aspen Ambulance District Fund 7,162,595 23,705 0 7,186,300
Open Space &Trails Fund 6,886,727 5,282,455 0 12,169,182
Conservation Trust Fund 0 300 62,000 62,300
Housing Impact Fund 10,829,711 0 0 10,829,711
Healthy Rivers and Streams Fund 1,493,709 0 0 1,493,709
Transit Sales/Use Tax Fund 15,089,343 980,769 0 16,070,112
Aspen Library Fund 3,924,006 364,495 0 4,288,501
Transit Sales Tax Debt Fund 657,261 770 0 658,031
Twining Flats GID Fund 9,404 0 0 9,404
Airport Fund 13,134,188 0 0 13,134,188
Solid Waste Center Fund 4,435,233 698,917 0 5,134,150
102,701,166 7,418,308 1,393,595 111,513,069
AND FURTHER BE RESOLVED that all expenditures drawn against this appropriation shall
be consistent with state law, the Pitkin County procurement code, the Pitkin County personnel
policies, and Pitkin County resolution 83-10, as amended.
INTRODUCED AND FIRST READ ON THE 7TH DAY OF DECEMBER, 2016 AND SET FOR
SECOND READING AND PUBLIC HEARING ON THE 13TH DAY OF DECEMBER, 2016.
NOTICE OF PUBLIC HEARING AND TITLE AND SHORT SUMMARY OF THE
RESOLUTION PUBLISHED IN THE ASPEN TIMES WEEKLY ON THE 24th DAY OF NOVEMBER,
2016.
NOTICE OF PUBLIC HEARING AND THE FULL TEXT OF THE RESOLUTION POSTED ON
THE OFFICIAL PITKIN COUNTY WEBSITE ( www.pitkincounty.com ) ON THE 1st DAY OF
DECEMBER, 2016.
ADOPTED AFTER FINAL READING AND PUBLIC HEARING ON THE 13TH DAY OF
DECEMBER, 2016.
PUBLISHED BY TITLE AND SHORT SUMMARY, AFTER ADOPTION, IN THE ASPEN
TIMES WEEKLY ON THE 22ND DAY OF DECEMBER, 2016.
POSTED BY TITLE AND SHORT SUMMARY ON THE OFFICIAL PITKIN COUNTY
WEBSITE (www.pitkincounty.com ) ON THE 15TH DAY OF DECEMBER, 2016.
ATTEST: BOARD OF COUNTY COMMISSIONERS
Jeanette Jones Rachel E. Richards, Chair
Deputy County Clerk
Date:
RECOMMENDED FOR APPROVAL: MANAGER APPROVAL:
Connie Baker Jon Peacock
Budget Director County Manager
8
PITKIN COUNTY
BOARD OF COUNTY COMMISSIONERS
RESOLUTION # 2016
A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2016,
TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR PITKIN COUNTY,
COLORADO, AND ITS SPECIAL DISTRICTS FOR THE 2017 BUDGET YEAR
1) The assessed valuation for county-wide Pitkin County decreased 0.4% as defined
by the County Assessor's 2016 appraisal of all new real property as described by the existing
state property tax law. This assessed valuation is applied to the mill levy for each county
taxing entity or fund listed, to determine the property tax herein; and
2) A temporary mill levy reduction is necessary to avoid collection of excess revenue
under Colorado State Constitution, Article X, Section 20, and the Colorado Legislature has
determined that either a temporary property tax credit or a temporary mill levy rate reduction
is a reasonable method for setting annual mill levies and effecting property tax refunds in
accordance with Section 20 of Article X of the State Constitution, C.R.S. section 39-1-111.5;
and
3) C.R.S. section 39-1-111.5 authorizes a local government to certify a refund in the
form of a temporary property tax credit or a temporary mill levy rate reduction, provided that
the certification includes the gross mill levy, the temporary property tax credit or temporary
mill levy rate reduction expressed in mill levy equivalents, and the net mill levy and under
C.R.S. section 39-1-111.5(4), the Assessor shall, concurrent with delivery of tax warrants to
the Treasurer, itemize duly certified temporary property tax credits or temporary mill levy rate
reductions in the manner set forth in C.R.S. section 39-1-111.5(2), and under C.R.S. section
39-1-111.5(5) the tax statements shall indicate by footnote which local government mill levies
reflect a temporary property tax credit or temporary mill levy rate reduction for the purpose of
effecting a refund, and
4) The 2016 valuation of assessment, as certified by the County Assessor on
December 1, 2016, and the amount of money necessary to balance the budget for each
county fund are listed in the attached table, and
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Pitkin County, Colorado that for the purpose of balancing the 2017 budget, the following taxes
are hereby levied upon each dollar of the total valuation for assessment of all taxable property
within the taxing districts shown below for the year 2016; that a temporary mill levy rate
reduction is authorized; and that the individual mill levies are expressed in terms of the gross
mill levy, the temporary mill levy rate reduction shown in mill levy equivalents, and the net mill
levy as shown in Exhibit A:
9
2016 2016
Assessed Net 2017
Taxing District and Fund Valuation Mill Levy Property Tax
PITKIN COUNTY
General Fund $ 2,942,709,910 2.347 $ 6,906,540
Road & Bridge Fund 2,942,709,910 0.173 509,089
Human Services Fund 2,942,709,910 0.065 191,276
TV & FM Translator 2,942,709,910 0.273 803,359
Healthy Community Fund 2,942,709,910 0.757 2,227,633
Open Space & Trails Fund 2,942,709,910 3.750 11,035,162
PITKIN COUNTY SUBTOTAL 21,673,059
Pitkin County Library Fund 2,763,276,940 1.411 3,898,984
Aspen Ambulance District Fund 2,269,727,530 0.503 1,141,673
Twining Flats GID Fund 2,917,280 2.769 8,078
Redstone Ranch Acres GID 1,935,810 4.774 9,242
GRAND TOTAL $ 26,731,036
INTRODUCED AND FIRST READ ON THE 7TH DAY OF DECEMBER, 2016 AND SET FOR
SECOND READING AND PUBLIC HEARING ON THE 13TH DAY OF DECEMBER, 2016.
NOTICE OF PUBLIC HEARING AND TITLE AND SHORT SUMMARY OF THE RESOLUTION
PUBLISHED IN THE ASPEN TIMES WEEKLY ON THE 24th DAY OF NOVEMBER, 2016.
NOTICE OF PUBLIC HEARING AND THE FULL TEXT OF THE RESOLUTION POSTED ON
THE OFFICIAL PITKIN COUNTY WEBSITE ( www.pitkincounty.com ) ON THE 1st DAY OF
DECEMBER, 2016.
ADOPTED AFTER FINAL READING AND PUBLIC HEARING ON THE 13TH DAY OF
DECEMBER, 2016.
PUBLISHED BY TITLE AND SHORT SUMMARY, AFTER ADOPTION, IN THE ASPEN TIMES
WEEKLY ON THE 22ND DAY OF DECEMBER, 2016.
POSTED BY TITLE AND SHORT SUMMARY ON THE OFFICIAL PITKIN COUNTY WEBSITE
(www.pitkincounty.com ) ON THE 15TH DAY OF DECEMBER, 2016.
ATTEST: BOARD OF COUNTY COMMISSIONERS
Jeanette Jones Rachel E. Richards, Chair
Deputy County Clerk (also acting as the Board of Directors of the Aspen
Ambulance District, and the Redstone Ranch Acres
and Twining Flats General Improvement Districts)
Date:
10
RECOMMENDED FOR APPROVAL: MANAGER APPROVAL:
Anne Driggers Jon Peacock
Finance Director County Manager
11
2016 property tax collected in 2017
Exhibit"A" 2016 mill levy calculation with temporary mill levy rate reduction
temporary mill levy reduction
Current Prior 2016 2016 Mill Levies Total Total
TAXING DISTRICT 2016 Gross Year Year Net Property for Abatement 2016 2016
AND FUND Valuation Mill Levies Refund Refund Mill Levies Tax Abatements Mill Levy Property Tax
PITKIN COUNTY
General Fund 2,942,709,910 3.077 (0.711) (0.033) 2.333 6,865,342 0.014 41,198 2.347 6,906,540
Road&Bridge Fund 2,942,709,910 0.228 (0.055) - 0.173 509,089 - - 0.173 509,089
Human Services Fund 2,942,709,910 0.065 - 0.065 191,276 - - 0.065 191,276
TV&FM Translator 2,942,709,910 0.374 (0.099) (0.003) 0.272 800,416 0.001 2,943 0.273 803,359
Healthy Community Fund 2,942,709,910 0.763 - (0.010) 0.753 2,215,862 0.004 11,771 0.757 2,227,633
Open Space&Trails Fund 2,942,709,910 3.750 - - 3.750 11,035,162 - - 3.750 11,035,162
PITKIN COUNTY FUND SUBTOTAL 8.257 (0.865) (0.046) 7.346 21,617,147 0.019 55,912 7.365 21,673,059
Pitkin County Library Fund 2,763,276,940 1.625 (0.210) (0.011) 1.404 3,879,641 0.007 19,343 1.411 3,898,984
Aspen Ambulance District 2,269,727,530 0.501 - - 0.501 1,137,134 0.002 4,539 0.503 1,141,673
Twining Flats GID Fund 2,917,280 2.769 - - 2.769 8,078 - 2.769 8,078
Redstone Ranch Acres GID Func 1,935,810 4.964 (0.190) - 4.774 9,242 - - 4.774 9,242
GRAND TOTAL 18.116 (1.265) (0.057) 16.794 26,651,242 0.028 79,794 16.822 26,731,036
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Attachments
PITKIN COUNTY
FUND BALANCE OVERVIEW
2017
Proj.Begin. Budgeted Budgeted Transfers Ending Net Change in Fund Balance as
Fund Balance Revenues Expenditures In&Out Fund Balance Fund Balance %of Expenditures
GENERAL FUND CORE SERVICES:
General Fund Operations 4,812,386 26,766,602 26,744,066 (279,405) 4,555,517 (256,869)
General Fund Capital 5,452,125 4,360,381 6,913,711 550,000 3,448,795 (2,003,330)
Human Services 154,918 2,039,053 2,420,116 235,000 8,855 (146,063)
TABOR Reserve 832,880 832,880
Contingency 4,131,942 4,131,942 -
General Fund Restricted* 1,078,777 1,078,777 -
TOTAL GENERAL FUND 16,463,028 33,166,036 36,077,893 505,595 14,056,766 (2,406,262) 39%
SPECIAL REVENUE FUNDS:
Open Space&Trails Fund 14,028,540 12,100,182 6,886,727 69,000 19,310,995 5,282,455 280%
Healthy Rivers&Streams Fund 1,407,543 1,047,600 1,493,709 961,434 (446,109) 64%
Healthy Community Fund 112,966 2,307,833 1,731,733 (512,595) 176,471 63,505 10%
Translator Fund 357,283 1,054,963 1,262,901 149,345 (207,938) 12%
Library Fund 217,585 4,266,241 3,924,006 - 559,820 342,235 24%
Library Capital Reserve Fund 371,388 22,260 - 393,648 22,260
Ambulance District 442,543 7,186,300 7,162,595 466,248 23,705 7%
Transit Sales&Use Tax Fund 6,649,876 16,070,112 15,089,343 7,630,645 980,769 51%
Transit Sales Tax Debt Fund 164,633 658,031 657,261 165,403 770 25%
Housing Impact Fund 11,869,403 913,361 10,829,711 1,953,053 (9,916,350) 18%
Conservation Trust Fund 5,703 62,300 (62,000) 6,003 300
PROPRIETARY FUNDS:
Airport 10,302,842 12,754,802 13,134,188 9,923,456 (379,386) 76%
Solid Waste Center 3,095,041 5,134,150 4,435,233 3,793,958 698,917 86%
GID FUNDS:
Redstone Ranch Acres GID 3,273 9,854 6,462 6,665 3,392 103%
Twining Flats GID 24,151 8,633 9,404 23,380 (771) 249%
INSURANCE FUNDS:
Risk 648,762 648,762
Insurance IBNR 344,227 344,227
Health Insurance 3,836,775 3,836,775
TOTAL: 70,345,562 96,762,658 102,701,166 - 64,407,054 (5,938,508) 63%
*Restricted Fund Balances:
- Park Dedication Fees 247,441
- State Superfund Tip Fees 458,765
- Tipsy Taxi 67,459
- $10 Motor Vehicle Fee 119,991
- Animal Shelter 185,121
1,078,777
2
Pitkin County
2017 Budgeted Expenditures
$102,701,166
Ambulance District, O en Space, 6,886,727
$7,162,595, 7.0% p $ Housing Fund, $10,829,711
6.7% , 10.5%
Healthy Rivers&Streams,
Healthy Community Fund, $1,493,709, 1.5%
$1,731,733, 1.7%
Transit Sales & Use Tax,
Translator, $1,262,901, $15,089,343, 14.7%
1.2%
General Fund Capital,
$6,913,711, 6.7%
Library, $3,924,006, 3.8%
Airport, $13,134,188,
General Fund Operations, �' 12.8%
$29,164,182, 28.4%
Solid Waste Center,
Other Misc. Funds, $4,435,233,4.3%
$673,127,0.7%
3
Pitkin County General, Road & Bridge, and Human Services Funds
2017 Operating Budget & Five-Year Plan
2016 Initial 2016 Year-End 2017-2021
Budget Estimate 2017 Budget 2018 Budget 2019 Budget 2020 Budget 2021 Budget 5-Year Totals
General Fund
Revenues
Property Tax 7,424,194 7,424,194 7,606,905 7,895,967 8,172,326 8,458,358 8,762,860
Sales Tax(56%) 4,119,075 4,154,669 4,968,293 5,092,500 5,258,007 5,428,892 5,605,331
Payment In Lieu of Taxes 1,182,166 1,462,002 1,462,002 1,462,002 1,462,002 1,462,002 1,462,002
Motor Vehicle Tax 237,525 237,525 258,634 268,463 277,859 287,584 297,937
Clerk's Fees 758,650 758,650 756,250 772,888 789,892 808,060 825,837
Treasurer's Fees 2,852,310 2,852,310 2,959,335 3,015,325 3,070,861 3,127,927 3,231,318
Community Development Fees 3,409,193 2,473,719 3,482,410 3,706,531 3,991,858 4,204,451 4,220,674
Highway Users Tax 1,099,480 1,099,480 1,234,668 1,234,668 1,234,668 1,234,668 1,234,668
USFS Revenue - - - - - - -
Investment Income 292,000 292,000 204,210 249,590 272,280 294,970 340,350
Other Revenues 2,379,913 4,770,827 3,637,546 3,723,822 3,776,746 3,882,046 3,949,016
Grant Revenues 227,890 510,024 289,448 220,597 225,450 230,635 235,709
Human Services Grant Revenues 1,945,062 2,297,687 1,838,454 1,878,900 1,920,236 1,964,401 2,007,618
Total Revenues 25,927,458 28,333,087 28,698,155 29,521,253 30,452,185 31,383,994 32,173,320
Expenditures
Labor
Wages,Retirement,&Tax Contributions 15,192,228 16,079,997 16,919,555 17,498,253 17,990,652 18,767,479 19,460,978
Overtime 315,337 333,283 331,761 340,031 358,632 367,977 387,695
Health Insurance 2,732,840 2,775,329 3,037,662 3,150,065 3,330,037 3,563,140 3,812,559
Workers'Compensation Insurance 264,001 264,001 275,278 281,334 287,524 294,138 300,904
Services&Supplies 6,535,123 7,479,408 7,220,498 7,529,349 7,659,995 7,920,925 8,005,186
Cost Centers(Risk,Radio,Facilities Overhead) 189,759 189,759 292,823 299,265 305,848 312,883 319,767
Fleet Cost Center 1,023,430 1,023,430 918,491 973,600 1,032,017 1,093,937 1,159,573
Replacements
Radio Tech 101,000 136,282 397,000 160,096 248,107 68,982 76,394
Computer/Office 14,100 31,349 43,100 7,665 6,264 1,601 20,909
Other Departmental Equipment 240,520 835,743 142,835 298,281 360,608 233,726 209,470
One-Time Projects 205,000 3,410,184 50,000 25,550 - 26,675 -
Grant Programs 97,942 282,447 85,400 87,279 89,199 91,251 93,259
Human Services Grant Programs 1,239,415 1,663,419 1,270,003 1,297,943 1,326,498 1,357,007 1,386,861
Allocation of Costs to Other Funds (1,414,165) (1,414,165) (1,755,913) (1,826,149) (1,899,194) (1,975,162) (2,054,169)
Anticipated Favorable Budget Variance (335,000) (335,000) (439,517) (451,838) (466,443) (481,868) (497,691)
Total Expenditures 26,401,530 32,755,466 28,788,976 29,670,724 30,629,744 31,642,691 32,681,695
Transfers From Other Funds 1,054,879 1,999,649 774,595 786,466 798,598 811,561 824,245
Transfers To Other Funds (69,000) (69,000) (269,000) (69,000) (69,000) (69,000) (69,000)
Annual Operating Surplus/(Deficit) 511,807 (2,491,730) 414,774 567,995 552,039 483,865 246,870 2,265,543
Public Health (267,706) (202,782) Average Annual Surplus 453,109
Transfer of Fund Balance to Capital Fund (550,000) (650,000) (650,000) (650,000) (650,000)
Beginning Available Undesignated Fund Balance 7,459,034 4,967,304 4,564,372 4,279,585 4,181,624 4,015,489
Ending Available Undesignated Fund Balance 4,967,304 4,564,372 4,279,585 4,181,624 4,015,489 3,612,359
4
ill)(TK I JV FINANCIAL INFORMATION
LOUNTle MULTI-YEAR FINANCIAL PLANS
C v
PITKIN COUNTY CAPITAL REPLACEMENT FUND
2016 2016 2017-2026
Orig.Budget Adj.Budget 2017 2018 2019 2020 2021 2022 2023 2024 2025 Total
Revenue
Sales Tax 4,462,332 4,500,892 3,903,658 4,001,250 4,131,291 4,265,557 4,404,188 4,547,324 4,695,112 4,847,703 5,005,254 5,167,924 44,969,262
Road Impact Fees 150,000 100,000 100,000 125,000 125,000 150,000 150,000 175,000 175,000 175,000 175,000 175,000 1,525,000
CORE/REMP Grants - 230,500 - 200,000 - - 200,000 - - - 400,000
CDOT/CMAQ Grants - 181,580 115,200 - - - 160,000 - - - 160,000 - 435,200
Public Safety Entity Contributions 110,243 110,243 77,683 81,273 83,554 91,439 83,680 89,845 78,438 129,185 86,390 88,965 890,452
Sale of Assets 220,600 220,600 163,840 133,500 142,881 175,591 210,180 222,723 260,258 212,012 238,888 215,430 1,975,303
Total Revenues 4,943,175 5,343,815 4,360,381 4,341,023 4,682,726 4,682,587 5,008,048 5,034,892 5,408,808 5,363,900 5,665,532 5,647,319 50,195,217
Capital Expenditures
Information Technology
PC/Printer/Copier Replacements 158,545 163,545 144,446 184,444 108,896 169,946 134,750 132,860 187,828 131,606 154,049 138,154 1,486,979
County Capital Projects 401,000 524,545 284,380 314,961 232,531 263,389 243,547 342,017 265,812 294,943 279,428 340,605 2,861,613
County Software Replacements 200,000 191,629 118,460 850,000 - 30,000 - 11,000 55,000 60,000 100,000 - 1,224,460
Enterprise Content Management 175,000 175,000 110,000 110,000 115,500 121,275 127,339 133,706 140,391 147,411 154,781 160,972 1,321,375
Total Information Technology 934,545 1,054,719 657,286 1,459,405 456,927 584,610 505,636 619,583 649,031 633,960 688,258 639,731 6,894,427
Dispatch/Public Safety
Equipment Replacement 58,400 744,622 18,000 78,800 106,000 202,000 105,500 167,000 45,000 652,000 137,800 172,500 1,684,600
Radio/Tech 46,000 485,770 -
Vehicles
Passenger Vehicles 623,000 631,640 685,200 187,500 302,800 270,000 606,707 726,216 907,292 453,060 585,440 579,150 5,303,365
Heavy Equipment 555,000 555,000 350,000 480,000 411,606 607,954 444,194 387,400 394,000 607,000 609,000 498,000 4,789,154
Fuel Tank&Electric Station - 12,615 - - - - - - - - - - -
Total Vehicles 1,178,000 1,199,255 1,035,200 667,500 714,406 877,954 1,050,901 1,113,616 1,301,292 1,060,060 1,194,440 1,077,150 10,092,519
Roads
Cap.Improvements&Solar 5,000 690,119 500,000 250,000 750,000
Road Maintenance 665,000 942,000 1,570,000 1,881,000 880,000 390,000 2,366,050 1,420,000 1,658,000 1,304,000 2,581,000 1,283,000 15,333,050
Structural Projects 40,000 363,473 100,000 450,000 460,000 2,150,000 75,000 525,000 115,000 75,000 75,000 925,000 4,950,000
Miscellaneous Projects 25,000 110,000 65,000 - - 75,000 200,000 75,000 175,000 75,000 75,000 850,000
Total Roads 710,000 2,020,592 2,280,000 2,646,000 1,340,000 2,540,000 2,516,050 2,145,000 1,848,000 1,554,000 2,731,000 2,283,000 21,883,050
Facilities
Courthouse 264,300 189,073 8,000 30,000 1,625,500 - 8,000 - 1,208,000 150,000 9,000 55,000 3,093,500
Courthouse Plaza/Public Safety 22,340,000 23,602,956 1,300,000 - - - - - - - - 12,000 1,312,000
Jail 134,750 476,940 70,000 40,000 208,250 206,000 - 10,000 - 21,000 72,000 10,000 637,250
Dispatch Move 800,000 1,415,000 - - - - - - - - - - -
Health&Human Services 193,800 231,850 149,000 33,500 74,000 19,100 102,000 10,000 20,000 312,000 10,000 182,000 911,600
Seniors Center - - - - - - 18,000 - - - - - 18,000
Public Works&Fleet Maintenance 43,750 24,826 89,700 1,052,200 12,480 18,500 40,650 74,450 225,000 38,000 48,375 34,500 1,633,855
North 40 Dispatch - - 2,000 50,000 2,000 6,000 2,000 38,000 62,000 21,000 14,000 33,000 230,000
Basalt 3,300,000 160,300 121,000 9,500 - - 38,000 - - - 109,500 438,300
Contingency/Project Management 215,490 215,490 71,850 199,005 289,760 37,440 25,598 25,568 227,250 81,300 23,006 65,400 1,046,176
Total Facilities 23,992,090 29,456,135 1,850,850 1,525,705 2,221,490 287,040 196,248 196,018 1,742,250 623,300 176,381 501,400 9,320,681
Anticipated Favorable Budget Variance (174,475) (188,958) (141,985) (128,688) (128,065) (122,226) (166,217) (116,140) (143,702) (135,038) (1,445,495)
Total Capital Expenditures 26,919,035 34,961,093 5,666,861 6,188,452 4,696,838 4,362,916 4,246,269 4,118,990 5,419,356 4,407,180 4,784,177 4,538,743 48,429,782
Annual Surplus/(Deficit) (21,975,860) (29,617,278) (1,306,480) (1,847,429) (14,112) 319,672 761,779 915,902 (10,548) 956,720 881,355 1,108,577 1,765,436
Certificates of Participation 16,000,000 23,532,188
Transfer from GF Unrestricted Fund Balance (439,770) 300,000 400,000 400,000 400,000 400,000 400,000 400,000 200,000 - -
Transfer of Lease Revenue from GF 250,000 250,000 250,000 250,000 250,000 275,000 275,000 275,000 275,000 275,000
Lease Purchase Payments/Closing Costs (224,676) (1,246,850) (1,248,581) (1,244,481) (1,245,281) (1,245,881) (1,246,681) (1,246,681) (1,245,881) (1,244,281) (1,246,881)
Beginning Capital Fund Balance 12,201,661 5,452,125 3,448,795 1,002,785 394,192 118,583 284,480 628,701 46,473 232,312 144,386
Ending Capital Fund Balance 6,225,801 5,452,125 3,448,795 1,002,785 394,192 118,583 284,480 628,701 46,473 232,312 144,386 281,082
5
General Fund - Projected Fund Balances
2016 - 2026
17,000,000 V
•Capital
16,000,000 •Surplus Operating Reserve
15,000,000 •Operating Reserve&Contingency
14,000,000 r Restricted
I Tabor Reserve
13,000,000
12,000,000 I
11,000,000 I
I
10,000,000 I I
41111111
0.
9,000,000
I
I
I
$3.7M ll
OM
8,000,000 . $3.1M $2,5M $1.9M $1.5M $1.3M $0.9M
7,000,000
6,000,000
5,000,000
$4.9M $5.1M $5.3M
4,000,000
$4.OM $4.1M $4.2m $4.3M $4.5M $4.6M $4.8M
6M
3,000,000
2,000,000 '
$1.1M $1.iM $1.iM $1.1M $1.1M $1.1M $1.1M $1.1M $1.1M $1.1M
1,000,000
Ir
7 $O.8M $0.9M $0.9M $0.9M +.9M AM
$1.OM $1.0M $1.1M $1.1M $1.1M
III2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Balance at Year End
6
Open Space and Trails Multi-year Projection
2015 - 2020 2015 2016 2017 2018 2019 2020
assessed value 2,609,828,700 2,943,772,000 2,945,572,500 3,122,306,850 3,153,529,920 3,342,741,720
percentage change in assessed value 0.4% 12.8% 0.1% 6% 1% 6%
Administration
Property tax revenue 9,671,340 11,039,145 11,045,897 11,708,651 11,825,737 12,535,282
Motor vehicle ownership tax 342,716 353,253 364,515 304,425 307,469 325,917
Investment income 64,583 138,340 95,770 - - -
Misc revenues - - 12,000 - - -
Bond proceeds(net) 12,305,000
less Debt service (1,342,155) (13,711,806) (1,263,310) (1,260,316) (1,266,384) (1,261,536)
less Tax collection fees (483,170) (551,957) (552,295) (585,433) (591,287) (626,764)
less General operations (1,025,231) (1,335,776) (1,463,519) (1,465,146) (1,514,228) (1,564,198)
Remaining tax revenue allocated to programs below 7,228,083 8,236,199 8,239,058 8,702,181 8,761,308 9,408,701
Open Space Acquisition&Improvement(65-85%) 70% 70% 70% 70% 70% 70%
Beginning balance 6,874,359 4,263,823 7,722,108 13,729,449 19,820,975 25,953,891
Tax revenue allocation 5,068,668 5,765,339 5,767,341 6,091,527 6,132,915 6,586,091
Other revenue _ 347,278 1,125,000 500,000 - - -
Available for projects 12,290,306 11,154,162 13,989,449 19,820,975 25,953,891 32,539,982
less projects: (8,026,483) (3,432,054) (260,000) - - -
Projected Year-end Open Space Balance 4,263,823 7,722,108 13,729,449 19,820,975 25,953,891 32,539,982
approximate ending range: 27.5 million at 65%to 32.6 million at 70%(retroactive to 2009)
Trails Acquisition and Construction(10-30%) 15% 15% 15% 15% 15% 15%
Beginning Balance 3,564,981 4,635,281 5,011,717 4,887,576 5,007,903 3,797,099
Tax revenue allocation 1,086,143 1,235,430 1,235,859 1,305,327 1,314,196 1,411,305
Other revenue - - 25,000 - - -
Available for projects 4,651,124 5,870,710 6,272,576 6,192,903 6,322,099 5,208,405
less projects: (15,843) (858,993) (1,385,000) (1,185,000) (2,525,000) (3,000,000)
Projected Year-end Trails Balance 4,635,281 5,011,717 4,887,576 5,007,903 3,797,099 2,208,405
approximate ending range: 2.2 million at 15%-7.3 million at 20%(retroactive to 2009)
Maintenance(5-15%) 15% 15% 15% 15% 15% 15%
Beginning balance 2,369,745 1,982,094 1,294,714 693,970 80,466 (291,892)
Tax revenue allocation 1,432,605 1,235,430 1,235,859 1,305,327 1,314,196 1,411,305
Other revenue 348,393 90,000 126,000 69,000 69,000 69,000
Available for projects 4,150,744 3,307,523 2,656,573 2,068,297 1,463,663 1,188,413
less operations (1,110,190) (1,406,307) (945,860) (1,020,551) (1,057,430) (1,072,513)
less projects (678,290) (301,823) (606,750) (650,116) (223,500) (371,422)
less Nordic (380,170) (304,679) (409,993) (317,164) (474,625) (342,606)
Projected Year-end Maintenance Balance 1,982,094 1,294,714 693,970 80,466 (291,892) (598,128)
$20 million remains in debt authorization,but debt issuance reduces the ending amounts shown above by the amount of additional debt service payments through 2020
7
Pitkin County Healthy Rivers & Streams Fund
2017 Budget & Five-Year Plan
2016 Initial 2016 Year-End
Budget Estimate 2017 Budget 2018 Budget 2019 Budget 2020 Budget 2021 Budget
Revenues
Sales Tax 997,838 1,002,244 1,027,300 1,052,983 1,087,205 1,122,539 1,159,022
Gov't Revenue and Grants - - - - - - -
Interest Income 22,540 15,790 20,300 24,810 27,070 29,330 33,840
Other Revenue - - - - - - -
Total Revenues 1,020,378 1,018,034 1,047,600 1,077,793 1,114,275 1,151,869 1,192,862
Expenditures
On-Going Expenditures
Labor
Wages and Retirement Contributions 112,240 112,240 106,398 110,654 115,080 119,683 124,470
Health Insurance 16,952 16,952 16,479 17,303 18,514 19,810 21,197
Workers'Compensation Insurance - - - - - - -
Services and Supplies 112,000 112,000 132,000 134,904 137,872 141,043 144,146
Sponsorships 15,000 15,000 15,000 15,330 15,667 16,027 16,380
Consultants 50,000 25,000 85,000 86,870 88,781 90,823 92,821
Admin Fee 7,394 7,394 15,772 16,119 16,474 16,853 17,224
Water Projects 175,000 50,000 175,000 178,850 182,785 186,989 191,103
Water Rights Acquisitions 100,000 - 100,000 100,000 100,000 100,000 100,000
Basalt Water Park 550,000 1,392,904 400,000 - - - -
Pool for Funding Grants 106,358 114,598 98,060 103,553 107,820 112,128 117,104
Board-Initiated Projects
Pool for Board-Initiated Projects 100,000 100,000 - 155,329 161,731 168,192 175,656
Wild&Scenic Consultants 150,000 150,000 50,000 - - - -
Northstar Preserve - 51,856 - - - - -
Open Space Partner Projects - - 75,000 - - - -
Local High School Collaboration/Education - - 20,000 - - - -
Habitat Improvements&River Safety - - 150,000 - - - -
Digital Water Library - - 55,000 - - - -
Total Expenditures 1,494,944 2,147,944 1,493,709 918,912 944,724 971,549 1,000,102
Annual Surplus/(Deficit) (474,566) (1,129,910) (446,109) 158,882 169,551 180,321 192,761
Beginning Available Fund Balance 2,537,453 1,407,543 961,434 1,120,316 1,289,867 1,470,187
Ending Available Fund Balance 1,407,543 961,434 1,120,316 1,289,867 1,470,187 1,662,948
8
Pitkin County Translator Fund
2017 Budget & Five-Year Plan
2016 Initial 2016 Year-End
Budget Estimate 2017 Budget 2018 Budget 2019 Budget 2020 Budget 2021 Budget
Revenues
Property Tax 785,986 785,986 803,359 833,887 863,073 893,281 925,439
Motor Vehicle Tax 25,152 25,152 27,314 28,352 29,344 30,372 31,465
Gov't Revenue&Contributions - - - 150,000 - - -
Interest Income 12,720 15,160 19,490 23,820 25,990 28,160 32,490
Grant Revenue - 180,000 160,000 374,000 150,000 150,000 -
Other Revenue 51,790 51,790 28,800 38,304 50,944 67,756 69,247
Sale of Fixed Assets 7,200 7,200 16,000 - - - -
Total Revenues 882,848 1,065,288 1,054,963 1,448,363 1,119,351 1,169,569 1,058,641
Expenditures
Labor
Wages and Retirement Contributions 182,976 221,526 243,982 253,741 263,891 274,447 285,425
Overtime - - - - - - -
Health Insurance 20,758 30,925 36,426 38,247 40,924 43,789 46,854
Workers'Compensation Insurance - - 3,439 3,515 3,592 3,675 3,756
Treasurer's Fees 39,299 39,299 40,168 41,694 43,154 44,664 46,272
Services&Supplies 212,409 197,409 222,200 227,088 232,084 237,422 242,645
Cost Centers(Admin Fee, Risk, Radio) 47,473 47,473 78,571 80,300 82,067 83,955 85,802
Fleet Cost Center 11,655 11,655 24,415 25,880 27,433 29,079 30,824
Replacements
Vehicles 72,000 72,000 80,000 - - - -
Office Equipment - 700 - - - - -
Computers - 4,490 - - - 4,268 -
Broadband Project 100,000 413,636 - - - - -
Mountain Site Projects 587,200 1,247,200 533,700 701,807 594,245 294,705 16,553
Total Expenditures 1,273,770 2,286,313 1,262,901 1,372,272 1,287,390 1,016,004 758,131
Annual Surplus/(Deficit) (390,922) (1,221,025) (207,938) 76,091 (168,038) 153,565 300,510
Fund Balance Transfer to GF (505,000)
Beginning Available Fund Balance 2,083,308 357,283 149,345 225,436 57,397 210,962
Ending Available Fund Balance 357,283 149,345 225,436 57,397 210,962 511,472
9
Pitkin County Library District
2017 Budget & Five-Year Plan
2016 Initial 2016 Year-End
Budget Estimate 2017 Budget 2018 Budget 2019 Budget 2020 Budget 2021 Budget
Revenues
Property Tax 3,756,493 3,736,493 3,898,984 4,043,246 4,184,760 4,331,227 4,482,820
Motor Vehicle Tax 120,208 120,208 132,565 137,470 142,282 147,262 152,416
Service Charges - - - - - - -
Fines 29,667 29,667 29,667 30,320 30,987 31,669 32,366
Interest Income - - 52,410 - - - -
Other Revenues 21,995 21,995 22,500 21,490 38,570 39,419 40,286
Grants - 154,928 - - - - -
Donations 600,000 2,162,220 125,000 100,000 100,000 - -
Sale of Fixed Assets 5,115 5,115 5,115 5,228 5,343 5,461 5,581
Total Revenues 4,533,478 6,230,626 4,266,241 4,337,754 4,501,942 4,555,038 4,713,469
Expenditures
Labor
Wages&Retirement Contributions 1,768,809 1,718,809 1,699,262 1,767,233 1,837,922 1,911,439 1,987,896
Overtime - - - - - - -
Health Insurance 355,245 355,245 346,444 363,766 389,230 416,476 445,629
Workers'Compensation Insurance 2,945 2,945 2,609 2,666 2,725 2,785 2,846
Services&Supplies 513,370 556,057 585,479 598,360 611,524 624,978 638,728
Utilities 114,785 99,785 117,690 120,279 122,925 125,629 128,393
Cost Centers and Admin Charge 350,597 350,597 271,313 277,282 283,382 289,616 295,988
Treasurer's Clearing Fees 187,825 187,825 194,949 202,162 209,238 216,561 224,141
Replacements - - - - - - -
Facilities - - - - - - -
Office Equipment - - 14,235 - - - -
Computer Equipment - - 79,700 5,110 8,143 - -
Phone&Radio Tech - - - - - - -
Other Departmental Equipment 74,250 28,182 32,000 14,334 363,944 29,992 107,712
Grant Programs - - - - - - -
Library Collection 352,135 388,935 398,625 407,395 416,358 425,518 434,879
Capital Facilities Renovations - 6,926,194 181,700 - - 26,112 -
Total Expenditures 3,719,961 10,614,574 3,924,006 3,758,587 4,245,391 4,069,106 4,266,212
Annual Surplus/(Deficit) 813,517 (4,383,948) 342,235 579,167 256,551 485,931 447,257
Beginning Available Fund Balance 4,601,533 217,585 559,820 1,138,987 1,395,538 1,881,470
Less Employee Housing Reserve (400,000) (100,000) (100,000) (100,000)
Less TABOR&Emergency Reserve (114,069) (127,987) (130,133) (135,058) (136,651) (141,404)
Ending Available Fund Balance-Operating Fund 103,516 431,833 608,855 1,160,480 1,644,819 2,087,322
Capital Reserve Fund Balance 371,388 393,648
10
Pitkin County Aspen Ambulance District Fund
2017 Budget & Five-Year Plan
2016 Initial 2016 Year-End
Budget Estimate 2017 Budget 2018 Budget 2019 Budget 2020 Budget 2021 Budget
Revenues
Property Tax 1,024,169 1,024,169 1,141,673 1,185,057 1,226,534 1,269,463 1,315,164
Motor Vehicle Tax 32,773 32,773 38,817 40,292 41,702 43,162 44,716
Wildfire Reimbursements - - - - - - -
Interest Income 3,400 3,400 5,810 5,250 8,820 10,410 10,410
Other Revenue - - - - - - -
Sale of Fixed Assets 40,000 40,000 - 45,000 12,000 50,000 -
Proceeds from Financing - - 6,000,000 - - - -
Total Revenues 1,100,342 1,100,342 7,186,300 1,275,599 1,289,056 1,373,035 1,370,290
Expenditures
Treasurer's Fees 51,208 51,208 57,084 59,253 61,327 63,473 65,758
IGA Payment to Aspen Valley Hospital 335,380 288,021 328,980 342,139 355,825 370,058 384,860
Share of County Dispatch 31,232 31,232 30,520 31,191 31,877 32,610 33,327
Public Safety Council Contribution 2,000 2,000 2,000 2,044 2,089 2,137 2,184
County Cell Phones - - - - - - -
Cost Centers&Admin Fee
(Insurance, Radios,&Admin Fee) 25,251 25,251 14,700 15,023 15,354 15,707 16,053
Fleet Cost Center 57,196 57,196 84,657 89,736 95,120 100,827 106,877
Replacements
Medical Equipment - - 17,000 18,396 - 288,090 -
Radios 15,000 15,601 10,000 12,264 - - -
Capital Replacements
Vehicles 200,000 200,000 - 225,000 60,000 250,000 -
Facility Maintenance
Wages&Benefits 4,261 4,261 2,247 2,337 2,430 2,527 2,628
Health Insurance 873 873 407 427 457 489 523
Building Maint.Projects 45,000 90,508 15,000 11,165 - 3,681 -
Total Operating Expenditures 767,401 766,151 562,595 808,975 624,479 1,129,599 612,210
Facilities Construction
Facilities Study&Design 300,000 597,702 -
Facilities Construction - 6,000,000
Payments on Financing/Costs - 600,000 520,000 520,000 520,000 520,000
Net Facilities Cost 300,000 597,702 6,600,000 520,000 520,000 520,000 520,000
Annual Surplus/(Deficit) 32,941 (263,511) 23,705 (53,376) 144,577 (276,564) 238,079
Beginning Available Fund Balance 706,054 442,543 466,248 412,872 557,450 280,885
Ending Available Fund Balance 442,543 466,248 412,872 557,450 280,885 518,965
11
2017 EOTC BUDGET AND MULTI-YEAR PLAN PAGE 1
EOTC Transit Project Funding Estimate or
Actual Budget Budget Plan Plan Plan Plan
2015 2016 2017 2018 2019 2020 2021
FUNDING SOURCES: l
a) Pitkin County 1/2%sales tax 4,929,637 5,033,000 5,159,000 5,288,000 5,460,000 5,637,000 5,820,000
b) Pitkin County 1/2%use tax 1,462,424 1,293,000 1,225,000 1,262,000 1,300,000 1,339,000 1,379,000
c) Investment income&misc. 56,747 79,000 60,000 84,000 76,000 102,000 141,000
d) Federal Lands Access Program(FLAP)grant 1,900,000
Total Funding Sources 6,448,808 6,405,000 6,444,000 8,534,000 6,836,000 7,078,000 7,340,000
FUNDING USES:
1) Use tax collection costs 63,538 70,432 56,257 57,945 59,683 61,474 63,318
2) Administrative cost allocation&meeting costs 21,383 21,311 24,394 25,126 25,880 26,656 27,456
3) Cab ride in-lieu of bus stop safety imprvs 3,561 9,000 6,000 6,000 6,000 6,000 6,000
4) X-Games transit subsidy 115,000 115,000 115,000 115,000 115,000 115,000 115,000
5) Brush Creek Intercept Lot operating costs 15,046 36,000 30,000 30,900 31,800 32,800 33,800
6) RFTA contribution(81.04%of 1/2%sales tax) 3,994,977 4,078,743 4,180,854 4,285,395 4,424,784 4,568,225 4,716,528
7) No-fare Aspen-Snowmass-Woody Creek bus service-year-round 621,658 621,658 615,726 640,400 666,000 692,600 720,300
8) Grand Ave Bridge construction-transit mitigation funding 335,000
9) Buttermilk lot paving 233,007 46,993
10) Valley parking study-RFP scoping 7,957
11) Basalt pedestrian underpass 750,000
Projects funded from Savings for greater Aspen Area
12) Rubey Park final design,land use&permitting 142,292 16,078
13) Rubey Park construction 4,168,777 731,223
14) Entrance-to-Aspen transportation options study 414,004
15) Cell phone transportation data collection 70,000
New Budget Request
16) WE-cycle operational support 100,000
Future projects
17) Brush Creek Park and Ride improvements(FLAP grant) 3,900,000
18) Buttermilk pedestrian crossing design&preliminary engineering 800,000
Total Uses 9,387,196 6,980,442 5,463,231 9,860,766 5,329,147 5,502,755 5,682,401
EOTC ANNUAL SURPLUS/(DEFICIT) (2,938,388) (575,442) 980,769 (1,326,766) 1,506,853 1,575,245 1,657,599
EOTC CUMULATIVE SURPLUS FUND BALANCE 7,225,318 6,649,876 7,630,645 6,303,879 7,810,733 9,385,978 11,043,577
Revenue projections:
a) sales tax 7.9% 2.1% 2.5% 2.5% 3.25% 3.25% 3.25%
b) use tax 44.9% -11.6% -5.3% 3.0% 3.0% 3.0% 3.0%
c) investment earnings rate 0.5% 0.7% 0.9% 1.1% 1.2% 1.3% 1.5%
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2017 EOTC BUDGET AND MULTI-YEAR PLAN PAGE 2
Estimate or -
Actual Budget Budget Plan Plan Plan Plan
2015 2016 2017 2018 2019 2020 2021
DISTRIBUTION OF ANNUAL SURPLUS
(excludes projects funded from savings funds) 1,372,681 655,863 980,769 (1,326,766) 1,506,853 1,575,245 1,657,599
25%to Snowmass Village Savings until restored to$6,278,787 343,170 163,966 245,192 (331,691) 376,713 227,633 -
remainder to Aspen Savings 1,029,511 491,897 735,577 (995,074) 1,130,140 1,347,613 1,657,599
Savings Fund for greater Snowmass Village Area
plus reimbursement of advance to capital pool 343,170 163,966 245,192 (331,691) 376,713 227,633 -
Savings Fund for greater Snowmass Village Area($6,278,787 max) 5,596,974 5,760,940 6,006,132 5,674,441 6,051,154 6,278,787 6,278,787
Savings Fund for greater Aspen Area
Annual surplus remaining after reimbursement of advances - 381,642 735,577 (995,074) 1,130,140 1,347,613 1,657,599
plus reimbursement for$250,000 pedestrian crossing funding 114,783 -
plus reimbursement of advance to capital pool 914,728 110,255
less Rubey Park funded from Aspen Savings (4,311,069) (747,301)
less ETA and cell phone study funded from Aspen Savings (484,004)
Savings Fund for greater Aspen Area 1,628,344 888,936 1,624,513 629,439 1,759,579 3,107,191 4,764,790
Advances from Aspen and Snowmass Village Savings Funds
remaining balance to reimburse Snowmass Savings for advance to capital pool 681,813 517,847 272,655 604,346 227,633 - -
remaining balance to reimburse Aspen Savings for advance to capital pool 110,255 - - - - - -
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Payment In Lieu of Housing and Housing Impact Fee Proposed 2017 Budget and Five Year Plan
Summary
2016 2016 2017 2018 2019 2020 2021
Budget Proj.Actual Budget Projected Projected Projected Projected
Projected Beginning Fund Balance 11,171,366 11,869,403 1,953,053 450,202 327,220 208,445
Revenues Five Year Total
Housing Impact Fee 750,000 645,000 700,000 715,400 731,139 747,955 764,410 3,658,904
Interest 54,660 81,230 101,660 55,990 78,630 76,520 88,290 401,090
Grants - - - - - - - -
Unit Sales/Rental Income 111,701 55,000 111,701 114,158 332,670 340,321 347,808 1,246,659
Total Revenues 916,361 781,230 913,361 885,548 1,142,439 1,164,796 1,200,508 5,306,653
Expenditures
Purchases 1,000,000 - 9,000,000 500,000 500,000 500,000 500,000 11,000,000
Land Banking - - - - - - - -
Partnerships 8,000,000 - - - - - - -
Empl. Equity Sharing Program - - 1,000,000 1,000,000 - - - 2,000,000
Due-Diligence Costs/Broker Fees 350,000 - 100,000 140,000 - - - 240,000
Maint& Repairs, Mgt Fees, HOA 44,700 46,500 700,000 717,500 733,285 750,151 766,654 3,667,589
County Overhead Costs 36,693 36,693 29,711 30,899 32,135 33,421 34,758 160,924
Total Expenditures 9,431,393 83,193 10,829,711 2,388,399 1,265,420 1,283,571 1,301,412 17,068,514
Addition to/(Use of) Fund Balance (8,515,032) 698,037 (9,916,350) (1,502,851) (122,982) (118,775) (100,903) (19,477,953)
Projected Ending Fund Balance 11,869,403 1,953,053 450,202 327,220 208,445 107,542
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Airport 2017 Revenues
2015 2016 2017
Actual Budget Budget Difference Percentage
Airline Revenues $ 3,203,121 $ 3,072,820 $ 4,882,340 $ 1 ,809,520 58.9%
General Aviation Revenues $ 2,438,207 $ 2,188,309 $ 2,490,789 302,480 13.8%
Terminal Concessions $ 535,518 $ 601 ,182 $ 604,500 3,318 0.6%
Rental Cars $ 1 ,959,514 $ 1 ,650,816 $ 1,703,443 52,627 3.2%
Parking $ 439,646 $ 464,000 $ 440,808 (23,192) -5.0%
Other $ 725,355 $ 865,820 $ 836,355 (29,465) -3.4%
Operating Revenue Subtotal $ 9,301,361 $ 8,842,947 $ 10,958,235 $ 2, 115,288 23.9%
Capital Grants, PFC, CFC 2,375,994 3,968,597 1,796,567 (2,172,030) -54.7%
Totals $ 11,677,355 $ 12,811,544 $ 12,754,802 $ (56,742) -0.4%
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Airport 2017 Expenditures
2015 2016 2017
Actual Budget Budget Difference Percentage
Personnel $ 2,443,611 $ 3,088,017 $ 3,914,325 826,308 26.8%
Terminal $ 839,531 $ 830,463 $ 926,843 $ 96,380 11.6%
Parking $ 44,783 $ 51,250 $ 41,494 (9,756) -19.0%
Roadway $ 75,189 $ 95,551 $ 138,019 42,468 44.4%
Airfield $ 467,822 $ 779,968 $ 721,271 (58,697) -7.5%
Airport Operations Center $ 154,250 $ 179,437 $ 228,585 49,148 27.4%
Rescue & Firefighting $ 65,978 $ 48,000 $ 99,470 51,470 107.2%
Security $ 240,985 $ 290,500 $ 238,016 (52,484) -18.1%
Administration $ 783,912 $ 793,646 $ 844,830 51,184 6.4%
Pi tki n County Services $ 1,038,352 $ 1,077,066 $ 1,183,821 106,755 9.9%
Operating Expense Subtotal $ 6, 154,413 $ 7,233,898 $ 8,336,674 $ 1, 102,776 15.2%
Debt Service - 1 - 1 - -
Capital Project Costs 2,116,024 9,093,007 4,797,514 (4,295,493) -47.2%
Totals $ 8,270,437 $ 16,326,905 $ 13,134,188 $ (3,192,717) -19.6%
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Airport 2017 Budget and Five Year Plan
2016 2017 2018 2019 2020 2021
Budget Budget Projected Projected Projected Projected
Operating Revenue $ 8,842,947 $ 10,958,235 $ 11,360,056 $ 11,776,836 $ 12,209,142 $ 12,657,560
Operating Expense (7,233,898) (8,336,674) (8,619,287) (8,911,613) (9,938,047) (10,276,542)
Net Operating Revenue $ 1,609,049 $ 2,621,561 $ 2,740,769 $ 2,865,224 $ 2,271,094 $ 2,381,018
Capital Grants, PFC, CFC 3,968,597 1,796,567 25,969,503 5,214,563 10,450,852 6,511,944
Bond Proceeds - - - 9,799,440 - -
Debt Service - - - 766,512 766,512 766,512
Capital Project Costs (9,093,007) (4,797,514) (25,969,503) (25,791,910) (11,227,309) (8,094,094)
Net Revenue/ (Expense) $ (3,515,361) $ (379,386) $ 2,740,769 $ (7,146,171) $ 2,261,149 $ 1,565,380
Fund Balance $ 10,302,842 $ 9,923,456 $ 12,664,225 $ 5,518,054 $ 7,779,203 $ 9,344,583
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Pitkin County Solid Waste Center Fund
2017 Budget & Five-Year Plan
2016 Initial 2016 Year-End
Budget Estimate 2017 Budget 2018 Budget 2019 Budget 2020 Budget 2021 Budget
Solid Waste Center
Revenues
Service Charges 5,203,800 6,048,695 5,055,000 5,166,210 5,279,867 5,401,304 5,520,133
Interest Income 54,800 43,280 55,650 68,020 74,200 80,380 92,750
Other Revenues 24,500 24,500 23,500 24,017 24,545 25,110 25,662
Grants - 187,662 - - - - -
Sale of Fixed Assets - - - - - - 57,064
Total Revenues 5,283,100 6,304,137 5,134,150 5,258,247 5,378,612 5,506,794 5,695,609
Expenditures
Labor
Wages and Retirement Contributions 939,591 949,578 993,987 1,033,746 1,075,096 1,118,100 1,162,824
Overtime 15,000 15,000 35,000 36,400 37,856 39,370 40,945
Health Insurance 214,408 214,408 242,708 254,843 272,682 291,770 312,194
Workers'Compensation Insurance 31,849 31,849 52,184 53,332 54,505 55,759 56,986
Education and Training 33,500 33,500 25,000 25,550 26,112 26,713 27,301
Public Outreach 62,300 62,300 75,000 76,650 78,336 80,138 81,901
Services and Supplies 795,500 703,861 860,700 879,635 898,987 919,664 939,897
Landfill Contract 168,450 - - - - - -
Aggregate Processing 500,000 500,000 350,000 357,700 365,569 373,977 382,204
Recycling Contract 330,000 330,000 370,000 378,140 386,459 395,348 404,046
Grant Projects - 117,583 - - - - -
Cost Centers(Admin Fee, Risk,Radio) 282,141 399,308 499,503 510,492 521,723 533,723 545,465
Fleet Cost Center 435,339 435,339 442,451 468,998 497,138 526,966 558,584
Total Operations Expenditures 3,808,078 3,792,726 3,946,533 4,075,486 4,214,463 4,361,528 4,512,347
Operating Income Excluding Depreciation 1,475,022 2,511,411 1,187,617 1,182,761 1,164,149 1,145,266 1,183,262
Capital Projects and Replacements
Vehicles - 510,000 57,200 - - - 262,000
Facilities - - 125,000 - - - -
Office Equipment - - - - 7,308 - -
Computer Equipment 9,300 25,475 - - - - 11,761
Radio Tech 10,400 11,307 15,500 2,555 5,220 5,335 2,723
Other Dept'I Equipment and Capital 20,000 66,000 36,000 39,991 6,264 10,670 161,858
Stormwater Infiltration Mitigation - 166,800 255,000 _ - - - -
Total for Capital and Replacements 39,700 779,582 488,700 42,546 18,792 16,005 438,342
Value of Inventory 450,491
Annual Surplus/(Deficit) 1,435,322 2,182,320 698,917 1,140,215 1,145,357 1,129,261 744,920
Additions to Post-Closure Reserve 30,742 31,972 33,251 34,581 35,964
Fund Balance 912,721 3,095,041 3,763,216 4,871,459 5,983,566 7,078,246 7,787,202
Ending Post-Closure Reserve 3,206,730 3,237,472 3,269,444 3,302,694 3,337,275 3,373,239
Adjusted Available Fund Balance 6,301,771 7,000,688 8,140,903 9,286,260 10,415,521 11,160,441
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