manitou springs city council regular meeting agenda city council

MISCELLANEOUS NOTES:
a. The Parks & Recreation Fund was closed into the General Fund in 2011 due to GASB 54 which
requires that funds separate from the General Fund must have dedicated revenue streams. An account
line in miscellaneous Revenues, 10-391-500, collects Parks & Recreation related revenues, such as
"fees in lieu of land" and donations. The amount received in 2012 was $33,198. If this amount is not
all expended in 2013, the Parks & Recreation Board expects the remainder to be spent in 2013. The
board envisions the Soda Springs Pavilion being returned to good condition. This involves replacing
and putting in more lighting, repainting, replacing doors, refinishing the stage and refurbishing the
railing and the "green room".
b. In accordance with Manitou Springs Municipal Code Ordinances 3.12.80 Vendors Fee--
Dedication of equivalent: 3.24.030 Levied--Amount (lodging tax); and, 3.24.00 Disposition of
revenues the City accumulates those funds earmarked by ordinance to fund the annual general fund
budget appropriation that is dedicated to attracting visitors and/or business activity to the city. The
formula consists of a sum equal to 3 1/3 percent of general sales tax revenue, 1 1/3 percent of
amusement (excise) tax revenue and 100 percent of lodging tax revenue from the last audited
financial year. Based on 2011 revenues, the 2013 dedicated revenue is $216,977.
c. In addition to those "earmarked" revenues the city council may set aside additional funds as they
deem necessary to supplement that annual general fund budget appropriation that is dedicated to
attracting visitors and/or business activity to the city. For the 2013 budget, it has been requested that
the city council set aside an additional $63,023.
d. The URA Sales tax increment is based on the increase of sales tax collected, for the year, in the
URA area, over 2006 collected sales tax. This will be allocated for the URA for a period not to
exceed 25 years, from 2007 to 2032. As per the Urban Renewal Plan documentation, "The Urban
Renewal Plan contemplates that a primary method of financing this project to be the use of municipal
sales and property tax increments as authorized by the Act (Urban Renewal Law of the State of
Colorado, Part 1 of Article 25 of Title 31, Colorado Revised Statues, 1973, as amended). The City
Council may allocate municipal sales tax increments when the Manitou Springs Urban Renewal
Authority submits a financing plan outlining the proposed amounts and purpose for which the
municipal sales tax increments are to be used."
e. This account line was called "Golden Circle Nutrition Program" but has been expanded to include
other Community Programs.
f. TV tower account line accounts for electricity, approximately $60 a year and $3000 for
maintenance issues. (There have been no maintenance issues since 2010 but $3000 should be
budgeted for "escalation services".)
g. The special projects account line is used to fund special needs during the year that may arise. In
2013, City Council is budgeting $60,000 to implement paid parking. In 2012, this account line was
used for leasing the Tajine Alami parking lot by the city for the summer to provide additional parking.
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