2018 Adopted Annual Operating & Capital Improvement Budget
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READER’S GUIDE TO THE BUDGET DOCUMENT<br />
This budget document is prepared in a format that strives to reduce the level of difficulty for readers unfamiliar with public<br />
budgeting systems, yet still provides comprehensive information useful in communicating the overall financial direction<br />
and policy of the City of Greenwood Village, Colorado.<br />
Introduction - This section provides general information about the City, including:<br />
• Information regarding key officials<br />
• Overview of the operational structure of the City<br />
• Organizational purpose, goals and objectives<br />
• Priorities, challenges and opportunities<br />
• A brief history and profile of the community<br />
• Economic profile and indicators<br />
<strong>Budget</strong> Summary - This section includes:<br />
• An overview of the budget process, cycle and calendar<br />
• The fiscal structure of the organization<br />
• An assessment of City revenues and expenditures<br />
• Fund balance analysis<br />
• City-Wide financial summary with revenue and expenditure detail statements<br />
General Fund - This section includes summary and detailed financial statements pertaining to the General Fund, as well<br />
as, department-specific budget statements, descriptive narratives, goals, outcome measures and staffing levels.<br />
Special Revenue Fund - In February 2017, the City dissolved the Sewer General <strong>Improvement</strong> District and transferred<br />
all assets and operations to the Southgate Sanitation District. This section provides a summary financial statement of the<br />
Fund prior to the dissolution.<br />
<strong>Capital</strong> Projects Fund - This section provides information pertaining to the City’s <strong>Capital</strong> Projects Fund. This fund is<br />
used to account for the purchase and/or construction of major capital assets other than those financed by Enterprise or<br />
Internal Service Funds. Revenues are derived from various restricted and non-restricted sources including transfers from<br />
the General Fund.<br />
<strong>Capital</strong> <strong>Improvement</strong> Program - This section provides an explanation of each capital improvement project including<br />
program summaries, descriptions, estimated costs, and information regarding the impacts of the projects on future<br />
operations and maintenance.<br />
Appendix - The appendix includes various information, including:<br />
• Long-range financial planning<br />
• Personnel summaries<br />
• A summary of the City’s financial policies<br />
• Glossary of terms and acronyms<br />
• Ordinances adopting/appropriating the annual budget and establishing the property tax mill levy<br />
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