Adopted 2017 Annual Operating & Capital Improvement Budget

GENERAL FUND LONG-RANGE FINANCIAL PLAN
2016
Amended
Budget
2017
Adopted
Budget
2018
Forecast
2019
Forecast
2020
Forecast
2021
Forecast
Revenue:
Taxes & Assessments $ 33,907,243 $ 34,641,000 $ 35,773,650 $ 36,944,407 $ 38,154,571 $ 39,405,487
Intergovernmental 520,107 749,221 649,422 663,250 677,398 691,876
Licenses & Permits 1,383,677 1,755,000 1,773,040 1,791,269 1,809,687 1,828,298
Charges & Fees 2,836,963 3,039,000 3,111,410 3,186,075 3,263,070 3,342,471
Fines & Forfeitures 1,011,044 1,087,000 1,108,555 1,130,565 1,153,039 1,175,988
Investment Earnings 35,507 171,000 176,985 183,179 189,590 196,226
Miscellaneous Revenue 10,000 8,000 8,000 8,000 8,000 8,000
Total Revenue 39,704,541 41,450,221 42,601,062 43,906,745 45,255,355 46,648,346
Expenditures:
Personnel 23,398,073 23,760,018 24,687,622 25,653,256 26,658,492 27,704,971
Purchased Services 6,229,982 6,813,808 6,984,153 7,158,757 7,337,725 7,521,169
Supplies/Non-Capital Equipment 3,168,450 3,199,037 3,279,015 3,360,991 3,445,015 3,531,141
Capital Outlay 1,954,475 1,732,935 1,776,258 1,820,664 1,866,181 1,912,836
Debt Service 31,522 31,522 31,522 31,522 31,522 31,522
Miscellaneous Expenditures 1,562,159 580,256 869,998 597,468 606,268 615,200
Total Expenditures 36,344,661 36,117,576 37,628,568 38,622,658 39,945,203 41,316,839
Excess/(Deficiency) of Revenues
Over Expenditures 3,359,880 5,332,645 4,972,494 5,284,087 5,310,152 5,331,507
Other Financing Sources/(Uses):
Transfers In/(Out) (5,057,782) (5,382,645) (5,022,494) (5,334,087) (5,360,152) (5,381,507)
Sale of Capital Assets 50,000 50,000 50,000 50,000 50,000 50,000
Total Other Financing Sources/(Uses) (5,007,782) (5,332,645) (4,972,494) (5,284,087) (5,310,152) (5,331,507)
Net Change In Fund Balance: (1,647,902) - - - - -
Cumulative Fund Balance
Beginning Fund Balance 25,069,995 23,422,093 23,422,093 23,422,093 23,422,093 23,422,093
Ending Fund Balance 23,422,093 23,422,093 23,422,093 23,422,093 23,422,093 23,422,093
Less Restrictions, Commitments, & Assignments:
3% TABOR Emergency Restriction 1,090,340 1,083,527 1,128,857 1,158,680 1,198,356 1,239,505
Arts/Humanities Council Restriction 47,020 47,020 - - - -
Federal/State Forfeiture Restriction 208,038 208,038 - - - -
25% Operating Reserve Assignment 9,086,165 9,029,394 9,407,142 9,655,665 9,986,301 10,329,210
Development Rebate Assignment - 281,200 - - - -
Unassigned Fund Balance $ 12,990,530 $ 12,772,914 $ 12,886,094 $ 12,607,748 $ 12,237,436 $ 11,853,378
220