2009 Comprehensive Annual Financial Report - Apex Park and ...

Economic Factors and Next Year's Budgets and Rates
• The unemployment rate for Jefferson County (Apex Park and Recreation District is
located in Jefferson County, which is part of the greater Denver metropolitan area) as of
December 31, 2009 is 7.5%, which is an increase of .1 % from the 7.4% a year ago. The
greater Denver metropolitan area is currently 7.9%, which is the same as a year ago. This
is higher than the state's average unemployment rate of 7.7% and is below the national
average rate of 9.3%. Jefferson County's unemployment rate is lower than the state and
national rates.
• The retail and commercial occupancy rate of the City of Arvada (Apex Park and
Recreation District service boundaries encompasses 99% of the City of Arvada)
continues to grow and remain strong.
• Residential and commercial building pennit growth slowed for the 2009 fiscal year.
However, the City of Arvada ended 2009 with a total annual construction valuation of
$144,732,818 as compared to $110,325,628 for 2008 and $106,093,972 for 2007. While
the national economy has been in a slump for the past several years, the district's new
construction growth showed a 31 % growth over 2008. New construction values were
1.5% of the district's total actual assessed real property valuation for 2009.
Requests for Information
This financial report is designed to provide a general overview of Apex Park and Recreation
District's finances for all those with an interest in the district's finances. Questions concerning
any of the information provided in this report or requests for additional financial information
should be addressed to the office ofthe Chief Finance Officer, 13150 West 72 nd Avenue, Arvada,
Colorado 80005-3116.
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