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HomeMy WebLinkAboutR95-146 1996 fiscal budget mill levy�S Comni.ssioner g ax o a g moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 95- 1996 FISCAL BUDGET MILL LEVY WHEREAS, on the 6th day of December, 1995, the Eagle County Assessor certified to the Board of County Commissioners, a total assessed valuation of $972,805,000.00;.and WHEREAS, the Board of County Commissioners has approved Resolution 95 -143, adopting the Eagle County Budget and making appropriations for the fiscal year 1996; and WHEREAS, the annual budget of Eagle County, Colorado, for fiscal year 1996 requires the generation of property tax revenue for the various County Funds. NOW, THEREFORE, be it resolved and authorized by the Board of County Commissioners of Eagle County, Colorado: 1. That a property tax levy of Four and Three Hundred and Eleven Thousandths mills (4.311 mills) for the General Fund is approved; 2. That a property tax levy of Two and Six Hundred and Eight Thousandths mills (2.608 mills) for the Road and Bridge Fund is approved; 3. That a property tax levy of Two Hundred Eighty Three Thousands mills (0.283 mills) for the Social Services Fund is approved; 4. That a property tax levy of Three Hundred Fifty One Thousandths mills (0.351 mills) for the Capital Expenditures Fund is approved; 5. That a property tax levy of Three Hundred Seventeen Thousandths mills (0.317 mills) for the Retirement Fund is approved; 6. That a property tax levy of One Thousandths mills (0.001 mills) for the Contingency Reserve Fund is approved; 7. That a property tax levy of Two Hundred Eighty One Thousandths mills (0.281 mills) for the Insurance Reserve Fund is approved; 8. That a property tax levy of Seven Hundred 'Thirty Seven Thousandths mills (0.737 mills) for the Debt Service Fund is approved; 9. That a property tax levy of Forty Eight Thousandths mills (0.048 mills) is approved for tax refunds and abatements made during Fiscal Year 1996; And that the total combined mill levy will be Eight and Nine Hundred Thirty Seven Thousandths mills (8.937 mills) for fiscal year 1996. MOVED, READ AND ADOPT D by the Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held the /f6L day of December, 1995. • • 'rag EAGLE, STATE OF By and Through Its Johnnette P ips, Coimu si.oner Commissioner seconded adoption of the fore- going resolution. ... e ro aving been called, the vote was as follows: Commissioner Johnson Commissioner Gates Commissioner Phillips This Resolution passed by �3 -- 0 vote of the Board of County Commissioners of the County o Eag e, State of Colorado. mta \r \mi11evy.96 sub 95 -456 2 Georve . Gates, Jr., Commissioner M ACTUAL VALUE Total Value $6,386, 442, 387 $4,794,059,273 $4,574,513,000 $3,881,036,879 New Construction $250,400,235 $186,892,009 $138,191,112 $136,325,529 Net Value $6,136, 042, 152 $4,607,167,264 $4,436,321,888 $3,744,711,350 4.08% 4.06% 3.11% 3.64% PROPERTY TAX HISTORY BY FUND BASED ON FIGURES LEVIED '` EXHIBIT B-01 LEVY YEAR 1995 1994 1993 1992 1991 1990 COLLECTION YEAR 1996 1995 1994 1993 1992 1991 PROPERTY TAXES LEVIED------------------------------------- --------------------------------------------------- General $4,193,762 $3,946,920 $3,784,983 $3,758,721 $3,722,020 $3,517,370 Road & Bridge $2,537,075 $2,404,822 $2,282,488 $1,961,263 $1,833,202 $1,403,682 Welfare $275,304 $261,109 $247,826 $293,970 $290,203 $289,687 Capital Expenditure $341,455 $286,483 $209,759 $197,443 $155,441 $142,122 Retirement $308,379 $315,132 $299,101 $203,293 $200,362 $153,008 Contingency $973 $819 $777 $9,506 $59,895 $147,565 Insurance $273,358 $259,472 $269,579 $253,750 $250,274 $231,024 Debt Service $716, 957 $655, 637 $639 ;376 $607,684 $608,215 $413,666 Refund /Abatement $46,695 $39,289 $48,944 $46,070 $44,921 $0 Total $8,693,958 $8,169,683 $7,782,833 $7,331,700 $7,164,532 $6,298,124 Base Value $8,425,109 $7,922,641 $7,601,103 $7,113,896 $6,828,857 $5,921,372 New Construction $268,849 $247,043 $181,731 $217,804 $335,675 $376,751 PERCENT CHANGE FROM PRIOR YEAR ------------------------------------------------------------------------------ General 6.25% 4.28% 0.70% 0.99% 5.82% 2.98% Road & Bridge 5.50% 5.36% 16.38% 6.99% 30.60% 20.74% Welfare 5.44% 5.36% -15.70% 1.30% 0.18% 51.50% Capital Expenditure 19.19% 36.58% 6.24% 27.02% 9.37% 3.08% Retirement -2.14% 5.36% 47.13% 1.46% 30.95% 2.93% Contingency 18.85% 5.36% - 91.83% - 84.13% - 59.41% 2.80% Insurance 5.35% -3.75% 6.24% 1.39% 8.33% 3.08% Debt Service 9.35% 2.54% 5.22% -0.09% 47.03% 100.00% Refund /Abatement 18.85% - 19.73% 6.24% 2.56% 100.00% 0.00% Total 6.42% 4.97% 6.15% 2.33% 13.76% 16.12% Base Value 6.34% 4.23% 6.85% 4.17% 15.33% 14.66% New Construction 8.83% 35.94% - 16.56% -35.11% - 10.90% 45.34% PERCENT OF TOTAL TAXES General LEVIED ------------------------------------------------------------------------------- 48.24% 48.31% 48.63% 51.27% 51.95% 55.85% Road & Bridge 29.18% 29.44% 29.33% 26.75% 25.59% 22.29% Welfare 3.17% 3.20% 3.18% 4.01% 4.05% 4.60% Capital Expenditure 3.93% 3.51% 2.70% 2.69% 2.17% 2.26% Retirement 3.55% 3.86% 3.84% 2.77% 2.80% 2.43% Contingency 0.01% 0.01% 0.01% 0.13% 0.84% 2.34% Insurance 3.14% 3.18% 3.46% 3.46% 3.49% 3.67% Debt Service 8.25% 8.03% 8.22% 8.29% 8.49% 6.57% Refund /Abatement 0.54% 0.48% 0.63% 0.63% 0.63% 0.00% Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% Base Value 96.91% 96.98% 97.66% 97.03% 95.31% 94.02% New Construction 3.09% 3.02% 2.34% 2.97% 4.69% 5.98% PROPERTY TAX LEVIES ----------------------------------------------------------------------------------------- General 4.311 4.822 4.872 5.140 5.220 5.816 Road & Bridge 2.608 2:938 2.938 2.682 2.571 2.321 Welfare 0.283 0.319 0.319 0.402 0.407 0.479 Capital Expenditure 0.357 0.350 0.270 0.270 0.218 0.235 Retirement 0.317 0.385 0.385 0.278 0.281 0.253 Contingency 0.001 0.001 0.001 0.013 0.084 0.244 Insurance 0.281 0.317 0.347 0.347 0.351 0.382 Debt Service 0.737 0.801 0.823 0.831 0.853 0.684 Refund /Abatement 0.048 0.048 0.063 0.063 0.063 0.000 Total 8.937 9.981 10.018 10.026 10.048 10.414 COUNTY VALUATION -------------------------------------------------------------------------------------------- Base Value $942,722,286 $793,772,218 $758,744,531 $709,544,815 5679,623,549 $568,597,320 New Construction $30,082,714 $24,751,282 $18,140,399 $21,723,875 $33,407,151 $36,177,380 Total Value $972,805,000 $818,523,500 $776,884,930 $731,268,690 $713,030,700 $604,774,700 PERCENT CHANGE FROM PRIOR Base Value YEAR 18.76% 4.62% 6.93% 4.40% 19.53% 5.24% New Construction 21.54% 36.44% - 16.50% - 34.97% -7.66% 33.41% Total Value 18.85% 5.36% 6.24% 2.56% 17.90% 6.59% ACTUAL VALUE Total Value $6,386, 442, 387 $4,794,059,273 $4,574,513,000 $3,881,036,879 New Construction $250,400,235 $186,892,009 $138,191,112 $136,325,529 Net Value $6,136, 042, 152 $4,607,167,264 $4,436,321,888 $3,744,711,350 4.08% 4.06% 3.11% 3.64% CERTIFICATION OF ` / �yt� l NAME OF JURISDICTION:EAGLB NTY COUNTY GENERAL FUND ,001 DISTRICT: ( )YES (X) NO USE FOR STATUTORY CALCULATIONS (5.5% LIMIT) ONLY IN ACCORDANCE WITH 39 -5- 121(2) AND 39 -5- 128(1), C.R.S., THE TOTAL ASSESSED VALUATIONS FOR TB TAXABLE YEAR 1995 IN EAGLE COUNTY ON December 6, 1995 ARE: PREVIOUS YEAR'S GROSS TOTAL ASSESSED VALUATION: $ 815580160 CURRENT YEAR'S GROSS TOTAL ASSESSED VALUATION: $ 972805000 LESS TIF DISTRICT INCREMENT, IF ANY: $ a CURRENT YEAR'S NET TOTAL ASSESSED VALUATION: $ 972805000 NEW CONSTRUCTION: $ 30082714* INCREASED PRODUCTION OF PRODUCING MINE: $ 0+ ANNEXATIONS /INCLUSIONS: $ 0 PREVIOUSLY EXEMPT FEDERAL PROPERTY: $ 0+ NEW PRIMARY OIL OR GAS PRODUCTION FROM ANY OIL AND GAS LEASEHOLD OR LAND (C.R.S. 29- 1- 301(1)(b)): $ 0 # TAXES COLLECTED LAST YEAR ON OMITTED PROPERTY AS OF SEPT. 1 (C.R.S. 29-1- 301(1) (a)) : $ 3489.57 TAXES ABATED AND REFUNDED AS OF SEPT. 1 (C. R. S. 39-10- 114(1) (a) (1) (S)) : $ 66554.30 ew construction is defined as: Taxable real property structures and the personal property connected with the structure. Zurisdiction must submit a certification to the Division of Local'Government in order for a value to be accrued. #Jurisdiction must submit an application to the Division of Local Government in order for a value to be accrued. USE FOR "TABOR" LOCAL GROWTH CALCULATIONS ONLY IN ACCORDANCE WITH.THE PROVISION OF ARTICLE X, SECTION 20, COLORADO CONSTITUTION, THE ACTUA VALUATIONS FOR THE TAXABLE YEAR 1995 IN EAGLE COUNTY ON AUGUST 25, 1995 ARE: CURRENT YEAR'S TOTAL VALUE OF ALL REAL PROPERTY: $ 6386442387+ ADDITIONS TO TAXABLE REAL PROPERTY: CONSTRUCTION OF TAXABLE REAL PROPERTY IMPROVEMENTS: $ 250400235* ANNEXATIONS/INCLUSIONS: $ 0 INCREASED MINING PRODUCTION: $ 0# PREVIOUSLY EXEMPT PROPERTY: $118630 OIL OR GAS PRODUCTION FROM A NEW WELL: $0 TAXABLE REAL PROPERTY•OMITTED FROM THE PREVIOUS YEAR'S TAX WARRANT: $ (If land and /or a structure is picked up as omitted property for multiple years, only the most curren year's actual value can be reported as omitted property.) DELETIONS FROM TAXABLE REAL PROPERTY: DESTRUCTION OF TAXABLE REAL PROPERTY IMPROVEMENTS: $ 3172740 DISCONNECTION /EXCLUSION: $0 PREVIOUSLY TAXABLE PROPERTY: $256190 •Construction is defined as newly constructed taxable real property structures. This includes the actual value of all taxable real property plus the actual value of religious, private schools, and charitable ree property. #Includes production from a new mine and increase in production of an existing mine. (� NOTE: No later than August 25, the Assessor shall certify the TOTAL ACTUAL VALUE of ALL TAXABLE • PROPERTY to SCHOOL DISTRICTS, (39 -5- 128 (1), C.R.S.)$ NOTE: All Levies Must Be Certified To The Board of County Commissioners NO .LATE THAN DECEMBER 15, 1995. FOR DLG USE ONLY- Entity Code: Mill Cap: Excess: Prep. by: Prep..Date: D.E. Initial: Entry Date: DLG -57 (Rev.6 /95)