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HomeMy WebLinkAboutR97-167 1998 fiscal budget mill levyCommissioner moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 97- &/"' 1998 FISCAL BUDGET MILL LEVY WHEREAS, on the 26th day of November, 1997, the Eagle County Assessor certified to the Board of County Commissioners, a total assessed valuation of $1,280,148,660.00; and WHEREAS, the Board of County Commissioners has approved Resolution 97 -164, adopting the Eagle County Budget and making appropriations for the fiscal year 1998; and WHEREAS, the annual budget of Eagle County, Colorado, for fiscal year 1998 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 Three and Four Hundred and Seventy -Ninth Thousandths mills (3.479 mills) for the General Fund is approved; 2. That a property tax levy of Two and Seventy -four Thousandths mills (2.074 mills) for the Road and Bridge Fund is approved; 3. That a property tax levy of One Hundred Seventy Six Thousands mills (0.176 mills) for the Social Services Fund is approved; 4. That a property tax levy of Five Hundred Two Thousandths mills (0.502 mills) for the Capital Expenditures Fund is approved; S. That a property tax levy of Four Hundred Fourteen Thousandths mills (0.414 mills) for the Retirement Fund is approved; G. That a property tax levy of Zero Thousandths mills (0.00 mills) for the Contingency Reserve Fund is approved; 7. That a property tax levy of Two Hundred Forty -Nine Thousandths mills (0.249 mills) for the Insurance Reserve Fund is approved; 8. That a property tax levy of Five Hundred Sixty Three Thousandths mills (0.563 mills) for the Debt Service Fund is approved; 9. That a property tax levy of Six Thousandths mills (0.006 mills) is approved for tax refunds and abatements made during Fiscal Year 1998; And that the total combined mill levy will be Seven and Four Hundred Sixty Three Thousandths mills (7.463 mills) for fiscal year 1998. 2 b MOVED, READ AND ADOPTED by the .Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held the day of December, 1997. ATTEST: / Clerk to the Board "of County Commissioners COUNTY OF EAGLE, COLORADO, by and BOARD OF COUNTY LIM STATE OF Through Its COMMISSIONERS .games E. n, C Commissioner Georg A. Gates, Commissioner Commissioner seconded adoption of the fore- going resolution. The roll having been called, the vote was as follows: Commissioner Phillips Commissioner Johnson Commissioner Gates This Resolution passed by vote of the Board of County Commissioners of the County of Eagle, State of Colorado. mta \r \mi11evy.98 3 PERCENT OF TOTAL TAXES LEVIED General 46.62% PROPERTY TAX HISTORY 48.24% 48.31% 48,63% Road & Bridge BY FUND, BASED ON FIGURES LE I EXHIBIT B -01 LEVYYEAR 1997 19% 1995 1994 1993 COLLECTION YEAR 1998 1997 1998 1995 1984 PROPERTY TAXES LEVIED 2.70% Retirement 5.55% 4.48% 3.55% General $4, 453, 637 $4,267,405 $4,193,762 $3,946,920 $3,784,983 Road & Bridge $2,655,028 $2,527,485 $2,537,075 $2,404,822 $2,282,488 Social Services $225,306 $286,111 $275,304 $261,109 $247,826 Capital Expenditure $642,635 $505,497 $341,455' $286,483 $209,759 Retirement $ 529.982 $404,398 $308,379 $315,132 $299,101 Contingency $0 $0 $973 $819 $777 Insurance $318,757 $303,298 $273,358 $259,472 $269,579 Debt Service $720,724 $716,795 $716,95/ $655,637 $639,376 Refund/Abatement $7,681 $24,264 $46,695 $39,289 $48,944 Total $9, 653, 749 $9,035,252 $8,693,958 $8,169,683 $7,782,833 Base Value $9,224,598 $8,688,624 $8,425,109 $7,922,641 $7,601,103 New Construction $329,151 $346,628 $268,849 $247,043 $181,731 PERCENT CHANGE FROM PRIOR YEAR - 0.270 Retirement 0.414 0.400 General 4.36% 1.76% 6.25% 4.28% 0.70% Road & Bridge 5.05% -0.38% 5.50% 5.36% 16.38% Social Services _ - 21.25% 3.93% 5.44% 5.36% - 15.70% Capital Expenditure 27.13% 48.04% 19.19% 36.58% 6.24% Retirement 31.05% 31.14% .-7-14% 5.36% 47.13% Contingency 0.00% - 100.00% - 18.85% 5.36% - 91.83% Insurance 5.10% 10.95% 5.35% 5.75% 6.24% Debt Service 0.55% =0.02% 9.35% 2.54% 5.22% Refund/Abatement - 68.34 % - 48.04% 18.85% - 19.73% 6.24% Total 5.74% 3.93% 6.42% 4.97% 6.15% Base Value 6.17% 3.13% 6.34% 4.23% 6.85% New Construction 5.04% 28.93% 8.83% 35.94% - 16.56% PERCENT OF TOTAL TAXES LEVIED General 46.62% 47.23% 48.24% 48.31% 48,63% Road & Bridge 27.79% 27.97% 29.18% 29.44% 29.33% Social Services 2.36% 3.17% 3.17% 3.20% 3.18% Capital Expenditure 6.73% 5.59% .3.93% 3.51% 2.70% Retirement 5.55% 4.48% 3.55% 3.86% 3.84% Contingency 0.00% 0.00% 0.01% 0.01% 0.01% Insurance 3.34% 3.36% 3.14% 3.18% 3.46% Debt Service 7.54% 7.93% 8.25% 8.03% 8.22% Refund/Abatement 0.08% 0.27% 0.54% 0.48% 0.63% Total 100.00% ' 100.00% 100.00% 100.00% 100.00% Base Value 96.55% 96.16% 96,91% 96.98% 97.66% New Construction 3.4S %. 3.84% 3.09% 3.02% 2.34% PROPERTY TAX LEVIES General 3.479 4.221 4.311 4.822 4.872 Road & Bridge 2.074 2.500 2,608 2.938 2.938 Social Services 0.176 0.283 0.283 0.319 0.319 Capital Expenditure 0.502 0.500 0.351 0.350 0.270 Retirement 0.414 0.400 0.317 0.385 0.385 Contingency 0.000 0.000 0.001 0.001 0.001 Insurance 0.249 0.300 0.281 0.317 0.347 Debt Service 0.563 0.709 0.737 0.801 0.823 Refund/Abatement 0.006 0.024 0.048 0.048 0.063 Total 7.463 8.937 8.937 9.981 10.018 COUNTY VALUATION - Base Value $1, 236, 044, 260 $ 972, 208.131 $942,722,286 $793,772,218 $758,744,531 New Construction $44 ,104,400 $38,785,689 $30,082,714 $24,751,282 $18,140,399 Total Value . $1,280,148,660 $1, 010,993,820 $972,805,000 $818,523,500 $776,884,930 PERCENT CHANGE FROM PRIOR YEAR Base Value 27.14% 3.13% 18.76% 4.62% 6.93% .New Construction 13.71% 28.93% 21.54% 36.44% - 16.50% Total Value 26.62% 3.93% 18.85 %. 5.36% 6.24% ACTUALVALUE Total Value $8, 676, 740, 173 $6,719,145, 967 $6,386,442,387 $4,794,059,273 $4,574,513,000 New Construction $324,378,855 $322,781,287 $250,400,235 $186,892,009 $138,191,112 Net Value $8, 352,361,318 $6, 396, 364, 680 $6,136,042,152 $4,607,167,264 $4,436,321,888 PAGE