City of Arvada December 2022 Revenue Manual by City of Arvada

December

Revenue Manual

2022

DECEMBER 2022 3 Table of Contents Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 General Fund Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Sales Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7-8 Auto Use Tax 9 Property Tax 10-11 Highway Users Trust Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Building Use Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 General Use Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Specific Ownership Tax 15 Admissions Tax 16 Road & Bridge Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Cigarette Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Lodging Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Severance Tax & Federal Mineral Lease 20 Franchise Fees – Power and Natural Gas Utility Service 21 Franchise Fees – Telephone Service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Franchise Fees – Cable Television . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Peg Cable Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Building Permit Fees 25 Public Improvement Fees 26 Development Plan Inspection Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Building Plan Review Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Zoning & Subdivision Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Court Fines & Fees 30 Court Costs 31 Miscellaneous Motor Vehicle Licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Passport Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Interfund Transfers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Investment Interest 35 Penalties/Interest/Adjustments 36 Audit Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 50/50 Concrete Replacement Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 Miscellaneous Recovered Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39

CITY OF ARVADA REVENUE MANUAL

DECEMBER

4 Police Tax Increment Funds Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 Sales Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Auto Use Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 Building Use Tax 43 General Use Tax 44 Audit Revenue 45 Other Major Governmental Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 Conservation Trust Fund 47 Jefferson County Open Space Sales Tax 48 Adams County Transportation Sales Tax 49 Adams County Open Space Sales Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 Golf - Green Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 Golf - Motor Carts 52 Golf - Driving Range 53 Golf - Pro Shop 54 Golf - Restaurant Food Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 Golf - Restaurant Beverages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 Athletic Fields Revenue 57 Enterprise Fund Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 Water Sysetem Development Charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 Water Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 Sewer Sysem Development Charges 61 Sewer Waste Water Fees 62 Stormwater Fees 63 Solid Waste . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64

2022

INTRODUCTION

The Finance Department is pleased to present the 2022 Revenue Manual for the City of Arvada . This document is intended to provide City Council, staff, and the citizens a comprehensive look at the major City revenues . While this document has been bi-annually updated and reproduced for many years, both the format and data contained have been revised in order to make the manual a more useful tool in evaluating the City revenues

Information provided for each revenue source includes:

• Up to ten years of actual annual receipts

• Revised estimates for each year in the current biennial budget (2023 & 2024)

• Up to 5 years of forecasted revenues are now included (2025-2029)

• Associated account numbers in the City’s financial management system

• The current rate at which the revenue is assessed

• A brief description of the revenue

• The governmental entity responsible for collecting the revenue

• The enabling legislation providing for the assessment and collection of the revenue

• Special use restrictions on the revenue (if any)

• Current rationale behind the estimates on future collections

GENERAL FUND REVENUES

A vast majority of Arvada’s governmental revenues come in one of three types:

From the largest source, sales tax, to among the smallest, such as lodging taxes, these revenues fuel most of the City’s operating and capital needs

In general, tax revenues may be spent on any Arvada government operation, from street maintenance and new infrastructure to salaries, computers and paper clips .

Most fees are collected to offset the costs of a particular service offered by the City. Examples include building permit and plan review fees imposed by Building Inspection to cover its operations, and development plan inspection fees imposed by the Community and Economic Development Work System for some of its work related to the Planning Commission, new developments and annexations

Intergovernmental revenues are taxes and fees imposed by other jurisdictions, usually the state or a county . By law, the City is entitled to a portion of any revenues collected . The largest example is the Highway Users Trust Fund, by which the State distributes motor fuel excise taxes and certain license and registration fees. The breakout of revenue sources for the General Fund in 2022 was as follows:

General Fund Revenues

Property Tax, 6.7% Sales Tax, 59.0% Use Tax, 0.8% Auto Use Tax, 8.2% Building Use Tax & Permits, 8.4% Court Fines & Fees, 0.7% Franchise Fees, 2.6% Interest, 1.0% Other, 12.6%

The Sales Tax chart listed above is a graphical representation of the total sales tax charged in Arvada depending on what County the purchase is located. If the purchase is in Jefferson County, the total sales tax charged is 7 .96% and if in Adams County, 8 .21% . The City receives 3 .46% of the total sales tax collected, of which, 3% goes to support general operations and .46% is dedicated to police .

General Fund Revenue: Sales Tax

Current Rate:

3.00%

A tax on all sales and services taxable in the City of Arvada, save for several enumerated exceptions at a rate set by the City of Arvada

Enabling Legislation:

Arvada Code §98-61 et seq.

None, save for the annual appropriation of 20% of sales tax revenue to the Capital Improvements Fund and/or Debt Service Funds per Arvada Code §98-101

Based on year-to-date figures for 2022 and continued growth consistent with past receipts for 2023

NOTES:

The electors of Arvada approved the City's first sales tax (1.0%) in 1969.

The increase in sales tax in 2020, 2021 and 2022 are due to increased grocery and wholesale store sales from COVID-19 and internet retailers that started remitted sales tax in October 2020. It is expected that growth will return to 1.4% to 3.4% in future years.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 40,205,021 $ 5.9% Percentage 2014 43,211,511 $ 7.5% oftotal 2022 2015 45,902,693 $ 6.2% General Fund 2016 48,111,672 $ 4.8% Revenue 2017 50,986,424 $ 6.0% 56.62% 2018 51,651,504 $ 1.3% 2019 52,950,017 $ 2.5% 2020 57,767,640 $ 9.1% 2021 67,099,850 $ 16.2% 2022 73,512,100 $ 9.6% 2023 (R) 76,347,699 $ 3.9% 2024 (B) 77,409,761 $ 1.4% 2025 (F) 79,195,973 $ 2.3% 2026 (F) 81,186,190 $ 2.5% 2027 (F) 82,992,450 $ 2.2% 2028 (F) 85,227,217 $ 2.7% 2029 (F) 88,150,775 $ 3.4% City of Arvada 01.500010.41301 & 26.1001.41301

Actuals

Budget Forecast $$10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000 $100,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

General Fund Revenue: Auto Use Tax

$10,000,000

$8,000,000

$6,000,000

$4,000,000

$2,000,000

$12,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

None $-

A tax on all motor vehicles registered within the boundaries of the City of Arvada immediately subsequent to their sale at a rate set by the City of Arvada

Jefferson and Adams Counties Arvada Code §98-61 et seq.

NOTES:

Taxes are paid to the jurisdictions in which a motor vehicle is registered, not where it is sold. As such, Arvada's lack of a large car dealer is immaterial to the City's collection of these taxes. This is a very volatile and cyclical revenue that needs to be monitored carefully.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 5,379,579 $ 12.0% Percentage 2014 5,982,520 $ 11.2% oftotal 2022 2015 6,973,209 $ 16.6% General Fund 2016 7,162,405 $ 2.7% Revenue 2017 8,540,345 $ 19.2% 7.83% 2018 8,022,545 $ -6.1% 2019 8,129,398 $ 1.3% 2020 8,553,249 $ 5.2% 2021 9,994,679 $ 16.9% 2022 10,164,999 $ 1.7% 2023 (R) 10,164,999 $ 0.0% 2024 (B) 10,164,999 $ 0.0% 2025 (F) 10,266,649 $ 1.0% 2026 (F) 10,369,316 $ 1.0% 2027 (F) 10,058,236 $ -3.0% 2028 (F) 10,259,401 $ 2.0% 2029 (F) 10,464,128 $ 2.0% 01.500010.41304 3.00%

Current Rate: Enabling Legislation: Actuals

With several years of incredible growth since 2010, projections presume a "breather"; this runs consistent with presumptions for Specific Ownership Tax receipts Budget Forecast

Property Tax

The City’s property tax mill levy rate for 2023 was 4 .31 mills .

Residents paid $175 .15 in City property taxes on the medium home price of $620,000 .

Residents may pay additional property taxes if they live in a Metro District These additional mill rates vary from 10 mills up to 75 mills A Metro District is a taxing entity that exists primarily to finance public improvements and amenities that benefit property owners in the district .

General Fund Revenue: Property Tax

A tax assessed against all real and business personal property, in the manner prescribed by state law, within the City of Arvada at a rate set by the City of Arvada

Jefferson and Adams Counties

CRS 39-10-101 et seq.

Presumes increase based on preliminary valuations for 2021 tax year (paid in 2022)

Arvada has one of the lowest mill levies in the Denver Metro region, at 4.31 mills. Arvada's mill levy last changed in 1993.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 4,556,940 $ 1.3% Percentage 2014 4,600,994 $ 1.0% oftotal 2022 2015 4,668,082 $ 1.5% General Fund 2016 5,583,065 $ 19.6% Revenue 2017 5,654,004 $ 1.3% 6.39% 2018 6,568,030 $ 16.2% 2019 6,583,728 $ 0.2% 2020 7,495,926 $ 13.9% 2021 7,543,438 $ 0.6% 2022 8,290,609 $ 9.9% 2023 (R) 8,373,515 $ 1.0% 2024 (B) 8,825,685 $ 5.4% 2025 (F) 9,231,666 $ 4.6% 2026 (F) 9,323,983 $ 1.0% 2027 (F) 9,510,463 $ 2.0% 2028 (F) 9,795,777 $ 3.0% 2029 (F) 10,620,742 $ 8.4% 01.500010.41101 4.31 Mills (0.431%) of assessed valuation

Current Rate: Enabling Legislation: Actuals

NOTES:

None Budget Forecast $$2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

General Fund Revenue: Highway Users Trust Fund

Current Rate:

Based on state formula, with share based on weighted vehicle registration totals

The City of Arvada receives monthly a statutorily-mandated share of revenues from the Colorado Highway Users Tax Fund, with Fund revenues including state-set excise taxes on motor fuel and certain vehicle license and registration fees

Enabling Legislation:

Colorado Department of Local Affairs CRS 43-4-201 et seq.

For the construction, engineering, reconstruction, maintenance, repair, equipment, improvement, and administration of the system of streets of Arvada or of any public highways located within Arvada

Based on growth consistent with past receipts, pull back in 2020 due to alternative forms of transportation and roughly consistent with State Legislative Council

NOTES:

This revenue source has been relatively flat over the past five years as Coloradans have increased their use of alternative forms of transportation, offsetting the growth in population. Revenues in 2018 and 2019 include a one-time additional allocation of approximately $1,000,000. Future projections are kept relatively flat.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 3,847,443 $ 0.8% Percentage 2014 3,937,402 $ 2.3% oftotal 2022 2015 4,077,593 $ 3.6% General Fund 2016 4,101,534 $ 0.6% Revenue 2017 4,182,792 $ 2.0% 3.25% 2018 5,203,928 $ 24.4% 2019 5,124,957 $ -1.5% 2020 3,770,268 $ -26.4% 2021 4,037,197 $ 7.1% 2022 4,216,923 $ 4.5% 2023 (R) 4,301,261 $ 2.0% 2024 (B) 4,387,287 $ 2.0% 2025 (F) 4,431,160 $ 1.0% 2026 (F) 4,475,471 $ 1.0% 2027 (F) 4,520,226 $ 1.0% 2028 (F) 4,565,428 $ 1.0% 2029 (F) 4,611,082 $ 1.0%

01.500010.43301

Actuals

Budget Forecast $$1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

General Fund Revenue: Building Use Tax

$$1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Current Rate:

A tax paid for the issuance of a building permit at a rate set by the City of Arvada in lieu of taxes being assessed on materials used for construction purposes

City of Arvada

Enabling Legislation:

None 01.500010.41305 3.00% on the permit valuation

NOTES:

The 2023 budget and forward represents base numbers that the City can rely upon through the ten-year model. The large increase in 2022 is due to a couple of large development projects.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 2,884,866 $ 20.9% Percentage 2014 4,431,197 $ 53.6% oftotal 2022 2015 5,215,500 $ 17.7% General Fund 2016 6,799,066 $ 30.4% Revenue 2017 7,007,552 $ 3.1% 5.54% 2018 4,088,461 $ -41.7% 2019 3,329,604 $ -18.6% 2020 3,776,347 $ 13.4% 2021 3,873,433 $ 2.6% 2022 7,191,100 $ 85.7% 2023 (R) 3,391,191 $ -52.8% 2024 (B) 3,880,000 $ 14.4% 2025 (F) 4,035,200 $ 4.0% 2026 (F) 4,156,256 $ 3.0% 2027 (F) 4,239,381 $ 2.0% 2028 (F) 4,281,775 $ 1.0% 2029 (F) 4,281,775 $ 0.0% Actuals

2022 saw tremendous growth in building activity due to two commercial projects in the Olde Town Urban Renewal area . 2023 and forward figures presume a base level of construction activity consistent with past years. Budget Forecast

Arvada Code §98-61 et seq. & Arvada Code §98-84 et seq.

General Fund Revenue: General Use Tax

A tax paid by a consumer for using, storing, distributing or otherwise consuming tangible personal property or taxable services within the boundaries of the City of Arvada at a rate set by the City of Arvada

General use tax receipts have a long history of volatility, due primarily to large percentages of total receipts being paid by a few large firms whose relevant activity fluctuates year

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 1,554,343 $ 27.3% Percentage 2014 1,533,818 $ -1.3% oftotal 2022 2015 1,598,995 $ 4.2% General Fund 2016 1,312,887 $ -17.9% Revenue 2017 1,811,571 $ 38.0% 0.81% 2018 1,462,398 $ -19.3% 2019 1,087,183 $ -25.7% 2020 829,053 $ -23.7% 2021 1,085,077 $ 30.9% 2022 1,055,567 $ -2.7% 2023 (R) 1,108,345 $ 5.0% 2024 (B) 1,130,512 $ 2.0% 2025 (F) 1,153,122 $ 2.0% 2026 (F) 1,176,185 $ 2.0% 2027 (F) 1,199,709 $ 2.0% 2028 (F) 1,223,703 $ 2.0% 2029 (F) 1,248,177 $ 2.0% 01.500010.41303 3.00%

City of Arvada Arvada Code §98-61 et seq. Current Rate: Enabling Legislation: Actuals

NOTES:

year. Based on continued growth consistent with past receipts None Budget Forecast $$200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

General Fund Revenue: Specific Ownership Tax

From $3 to 2.10% of taxable value of a vehicle; share based on formula

A tax based on the year of manufacture for a motor vehicle and the original taxable value (generally 85% of the manufacturer's suggested retail price (MSRP) for a car and 75% of MSRP for qualifying trucks) as defined by state statute, with rates falling as the vehicle ages

CRS 42-3-107

With several years of incredible growth since 2010, projections presume a "breather"; this runs consistent with presumptions for Auto Use Tax receipts

NOTES:

The specific ownership tax is primarily collected by counties and for most motor vehicles is based on a percentage of the manufacturer's suggested retail price (MSRP). The tax rate is reduced as the vehicle ages.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 349,999 $ 6.5% Percentage 2014 375,638 $ 7.3% oftotal 2022 2015 405,439 $ 7.9% General Fund 2016 472,959 $ 16.7% Revenue 2017 580,696 $ 22.8% 0.48% 2018 647,330 $ 11.5% 2019 599,811 $ -7.3% 2020 604,374 $ 0.8% 2021 628,191 $ 3.9% 2022 617,916 $ -1.6% 2023 (R) 617,916 $ 0.0% 2024 (B) 617,916 $ 0.0% 2025 (F) 624,095 $ 1.0% 2026 (F) 630,336 $ 1.0% 2027 (F) 611,426 $ -3.0% 2028 (F) 623,655 $ 2.0% 2029 (F) 636,128 $ 2.0%

01.500010.41201

Counties

Jefferson and Adams

Current Rate: Enabling Legislation: Actuals

None

Budget Forecast $$100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

General Fund Revenue: Admissions Tax

tax on the

City of Arvada Arvada Code §98-311 et seq.

Based on a slowdown in growth due to COVID-19 based on past receipts, future projections return to a 2% growth pattern

NOTES:

Movie theaters are the source of this revenue. 2020 revenue decreased due to the COVID 19 pandemic, 2021 and 2022 showed tremendous growth as consumers returned to movie theaters. 2023 revenue increased from Sonora Cinemas opening in Arvada

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 185,397 $ 1.4% Percentage 2014 162,895 $ -12.1% oftotal 2022 2015 145,939 $ -10.4% General Fund 2016 166,832 $ 14.3% Revenue 2017 137,058 $ -17.8% 0.19% 2018 235,386 $ 71.7% 2019 312,447 $ 32.7% 2020 83,030 $ -73.4% 2021 154,196 $ 85.7% 2022 252,587 $ 63.8% 2023 (R) 300,682 $ 19.0% 2024 (B) 320,000 $ 6.4% 2025 (F) 326,400 $ 2.0% 2026 (F) 332,928 $ 2.0% 2027 (F) 339,587 $ 2.0% 2028 (F) 346,378 $ 2.0% 2029 (F) 353,306 $ 2.0% 01.500010.41501 4.00%

A price to gain admission to any place or event in the City of Arvada that is open to the public, at a rate set by the City of Arvada

Current Rate: Enabling Legislation: Actuals

None

Budget Forecast $$50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

General Fund Revenue: Road & Bridge Tax

Current Rate:

A property tax at a mill levy set by counties for road and bridge construction, maintenance, and administration, with half of collections attributable to taxable property falling within the boundaries of the City of Arvada payable from the relevant county to the City of Arvada; substantial drops in the late 2000s reflect past levy reductions by JeffCo

Jefferson and Adams Counties

Enabling Legislation:

CRS 43-2-202

For the construction and maintenance of roads and streets located within Arvada's boundaries

Substantial increase seen in 2016, 2017, and 2022 based on previous year experience. Counties may change their Road & Bridge levies at their own discretion

NOTES: This revenue source has varied from year to year. As the Counties have the authority to change the allocations each year, the City has conservatively estimated a 1% increase in future years.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 718,844 $ -16.0% Percentage 2014 730,239 $ 1.6% oftotal 2022 2015 734,993 $ 0.7% General Fund 2016 799,693 $ 8.8% Revenue 2017 870,641 $ 8.9% 0.86% 2018 904,281 $ 3.9% 2019 904,962 $ 0.1% 2020 934,041 $ 3.2% 2021 983,208 $ 5.3% 2022 1,120,531 $ 14.0% 2023 (R) 1,131,736 $ 1.0% 2024 (B) 1,143,054 $ 1.0% 2025 (F) 1,154,484 $ 1.0% 2026 (F) 1,166,029 $ 1.0% 2027 (F) 1,177,689 $ 1.0% 2028 (F) 1,189,466 $ 1.0% 2029 (F) 1,201,361 $ 1.0% 01.500010.43501 Jefferson County: 1.3480 Mills; Adams County: 1.3000 Mills

Actuals

Budget Forecast $$200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

General Fund Revenue: Cigarette Tax

The state apportions an amount equal to 27% of state cigarette tax revenues to local governments in proportion to the amount of state sales tax revenues collected within the boundaries of the local governments

Colorado Department of Revenue

Enabling Legislation:

CRS 39-28-101 et seq.

With the exception of 2020 & 2021 Cigarette Tax has seen low growth since 2010. The projection for this revenue is expected to see zero and reduced growth in the future.

NOTES: This revenue source has declined over the past several years with the exception of 2020 & 2021 when cigarette tax spiked. Future years projections show zero growth with declines in some years.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 163,285 $ -2.7% Percentage 2014 163,313 $ 0.0% oftotal 2022 2015 164,432 $ 0.7% General Fund 2016 170,934 $ 4.0% Revenue 2017 156,352 $ -8.5% 0.09% 2018 156,500 $ 0.1% 2019 143,879 $ -8.1% 2020 185,881 $ 29.2% 2021 170,080 $ -8.5% 2022 115,307 $ -32.2% 2023 (R) 100,000 $ -13.3% 2024 (B) 100,000 $ 0.0% 2025 (F) 97,000 $ -3.0% 2026 (F) 97,000 $ 0.0% 2027 (F) 95,000 $ -2.1% 2028 (F) 95,000 $ 0.0% 2029 (F) 93,000 $ -2.1% Actuals

None on Arvada's share

Budget Forecast 01.500010.41401 $0.042 per cigarette

Current Rate:

$$20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 $180,000 $200,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

General Fund Revenue: Lodging Tax

NOTES:

2020 revenues saw a large decrease due to the COVID 19 pandemic. 2021 and 2022 saw a rebound as consumers started to travel more in a postpandemic world. Future years projections return to a level consistent with years prior to the pandemic.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 17,316 $ 19.2% Percentage 2014 20,839 $ 20.3% oftotal 2022 2015 22,511 $ 8.0% General Fund 2016 24,315 $ 8.0% Revenue 2017 24,121 $ -0.8% 0.21% 2018 21,654 $ -10.2% 2019 22,417 $ 3.5% 2020 15,142 $ -32.5% 2021 140,945 $ 830.8% 2022 278,599 $ 97.7% 2023 (R) 257,500 $ -7.6% 2024 (B) 265,225 $ 3.0% 2025 (F) 273,182 $ 3.0% 2026 (F) 281,377 $ 3.0% 2027 (F) 289,819 $ 3.0% 2028 (F) 298,513 $ 3.0% 2029 (F) 307,468 $ 3.0% 01.500010.41601 2.00%

City of Arvada Arvada Code §98-241 et seq. Current Rate: Enabling Legislation: Actuals

A tax imposed by the City of Arvada for the purchase price paid or charged for lodging within the City of Arvada for a period of less than 30 consecutive days.

None

stabilized level of revenue consistent with recent years Budget Forecast $$50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Assumes

General Fund Revenue: Severance Tax & Federal Mineral Lease

taxes set by Colorado statute on the "severing" of minerals from the ground, with local shares based on impacts of the drilling & mining industries on local jurisdictions; Federal Mineral Lease: state revenue gained from drilling & mining activities on federal public lands within Colorado, with local shares determined by a statutory formula based upon, among other things, impacts of drilling and mining activities on local jurisdictions

Set conservatively low due to downward volatility in relevant commodity prices over the past year

NOTES:

Fluctuations with these receipts are closely correlated with volatility in commodity prices, such as oil and natural gas.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 96,875 $ 8.7% Percentage 2014 164,698 $ 70.0% oftotal 2022 2015 157,559 $ -4.3% General Fund 2016 82,196 $ -47.8% Revenue 2017 61,157 $ -25.6% 0.11% 2018 70,578 $ 15.4% 2019 114,071 $ 61.6% 2020 76,305 $ -33.1% 2021 36,238 $ -52.5% 2022 145,854 $ 302.5% 2023 (R) 40,000 $ -72.6% 2024 (B) 40,000 $ 0.0% 2025 (F) 40,000 $ 0.0% 2026 (F) 40,000 $ 0.0% 2027 (F) 40,000 $ 0.0% 2028 (F) 40,000 $ 0.0% 2029 (F) 40,000 $ 0.0% 01.500010.43650 Varies

Colorado Department of Local Affairs CRS 39-29-101 et seq.

CRS

seq. Current Rate: Enabling Legislation: Actuals

Severance:

and

34-63101 et

None

Budget Forecast $$20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 $180,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

General Fund Revenue: Franchise Fees - Power and Natural Gas Utility Service

A fee collected by the franchisee in partial consideration for the use of City of Arvada streets, rights-of-way, and other infrastructure

NOTES: Franchise fee revenues are heavily suceptible to both the weather and commodity prices. Due to the unpredictable nature of those two variables the City takes a conservative approach in budget estimates. The large growth from 2020 to 2022 was due to an increase to Xcel Energy rates.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 2,998,649 $ 8.9% Percentage 2014 3,062,743 $ 2.1% oftotal 2022 2015 2,867,854 $ -6.4% General Fund 2016 2,752,168 $ -4.0% Revenue 2017 2,808,878 $ 2.1% 3.02% 2018 2,863,130 $ 1.9% 2019 2,953,883 $ 3.2% 2020 2,877,140 $ -2.6% 2021 3,277,756 $ 13.9% 2022 3,914,914 $ 19.4% 2023 (R) 4,306,405 $ 10.0% 2024 (B) 4,392,534 $ 2.0% 2025 (F) 4,480,384 $ 2.0% 2026 (F) 4,569,992 $ 2.0% 2027 (F) 4,661,392 $ 2.0% 2028 (F) 4,754,620 $ 2.0% 2029 (F) 4,849,712 $ 2.0% 01.500010.41801 3.00% on all gross revenues for franchisee

City of Arvada Ord.

Ord. 4166

Current Rate: Enabling Legislation: Actuals

4120 (Public Service Company) and

(United Power)

Based on continued growth consistent with past receipts None Budget Forecast $$1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

General Fund Revenue: Franchise Fees - Telephone Service

Levied on and against each provider a tax per line each month on the occupation and business of providing basic local exchange service at retail to residents of the City

of Arvada

Code §98-31 et seq.

Assumes reduction in revenue due to reduced use of land lines as more consumers favor the use of cellular phones

NOTES: Revenue has declined over the years as many Arvada residents eliminated their land lines in favor of cellular phones. A gradual decline is anticipated in future years.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 188,876 $ -4.3% Percentage 2014 188,646 $ -0.1% oftotal 2022 2015 199,882 $ 6.0% General Fund 2016 174,941 $ -12.5% Revenue 2017 174,358 $ -0.3% 0.09% 2018 162,839 $ -6.6% 2019 154,409 $ -5.2% 2020 157,667 $ 2.1% 2021 152,245 $ -3.4% 2022 112,961 $ -25.8% 2023 (R) 105,618 $ -6.5% 2024 (B) 98,647 $ -6.6% 2025 (F) 92,235 $ -6.5% 2026 (F) 86,148 $ -6.6% 2027 (F) 80,548 $ -6.5% 2028 (F) 75,232 $ -6.6% 2029 (F) 70,342 $ -6.5% 01.500010.41802 $0.455 per line each month

Current Rate: Enabling Legislation: Actuals

None

City

Arvada

Budget Forecast $$50,000 $100,000 $150,000 $200,000 $250,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

General Fund Revenue: Franchise Fees - Cable Television

A fee collected by the franchisee in partial consideration for the use of City of Arvada streets, rights-of-way, and other infrastructure

As programming alternatives to cable television continues to grow it is expected this revenue source will continue to decline

NOTES:

Despite the rise of programming alternatives to cable television, the Arvada market has remained stable. A gradual decline is anticipated in future years.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 1,120,704 $ 3.7% Percentage 2014 1,147,925 $ 2.4% oftotal 2022 2015 1,173,882 $ 2.3% General Fund 2016 1,265,278 $ 7.8% Revenue 2017 1,304,066 $ 3.1% 0.96% 2018 1,285,831 $ -1.4% 2019 1,256,068 $ -2.3% 2020 1,265,159 $ 0.7% 2021 1,255,458 $ -0.8% 2022 1,249,380 $ -0.5% 2023 (R) 1,197,888 $ -4.1% 2024 (B) 1,117,198 $ -6.7% 2025 (F) 1,131,546 $ 1.3% 2026 (F) 1,089,539 $ -3.7% 2027 (F) 1,048,114 $ -3.8% 2028 (F) 1,010,213 $ -3.6% 2029 (F) 972,778 $ -3.7%

None

01.500010.41803 5.00% on gross revenues for franchisee

City of Arvada Comcast: Ordinance

Baja: Ordinance 4432 Current Rate: Enabling Legislation: Actuals Budget Forecast $$200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

4564

General Fund Revenue: PEG Cable Fees

Per federal legislation, the City is permitted to charge up to $0.50 per month in fees to cable television customers in order to finance public television

and governmental

for public

NOTES:

PEG Fees are used to enhance KATV services. A gradual decline is anticipated in future years. These match cable line subscriptions.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 111,557 $ -2.8% Percentage 2014 110,425 $ -1.0% oftotal 2022 2015 108,907 $ -1.4% General Fund 2016 111,122 $ 2.0% Revenue 2017 112,288 $ 1.0% 0.07% 2018 120,019 $ 6.9% 2019 120,021 $ 0.0% 2020 111,863 $ -6.8% 2021 102,088 $ -8.7% 2022 92,130 $ -9.8% 2023 (R) 90,287 $ -2.0% 2024 (B) 88,482 $ -2.0% 2025 (F) 86,712 $ -2.0% 2026 (F) 84,978 $ -2.0% 2027 (F) 83,278 $ -2.0% 2028 (F) 81,613 $ -2.0% 2029 (F) 79,980 $ -2.0%

history 31.9001.41804 $0.50 per month per residential subscriber

For public, educational,

capital costs

access television Based on continuingly stable receipts consistent with recent

City of Arvada Franchise Agreements

Current Rate: Enabling Legislation: Actuals Budget Forecast $$20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

with City

General Fund Revenue: Building Permit Fees

The

2023 budget presumes a base level of construction activity consistent with past years

NOTES:

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 2,183,950 $ 15.4% Percentage 2014 3,451,592 $ 58.0% oftotal 2022 2015 3,907,801 $ 13.2% General Fund 2016 4,754,796 $ 21.7% Revenue 2017 4,929,975 $ 3.7% 2.49% 2018 2,958,450 $ -40.0% 2019 2,220,436 $ -24.9% 2020 2,244,255 $ 1.1% 2021 2,732,870 $ 21.8% 2022 3,235,713 $ 18.4% 2023 (R) 2,750,007 $ -15.0% 2024 (B) 3,000,000 $ 9.1% 2025 (F) 3,015,000 $ 0.5% 2026 (F) 3,030,075 $ 0.5% 2027 (F) 3,045,225 $ 0.5% 2028 (F) 3,060,452 $ 0.5% 2029 (F) 3,075,754 $ 0.5%

Fees

The budget represents a base number that the City can count upon through a ten-year model. Actual revenue may vary from year to year based on the level of building activity. New residential builds in Arvada will decrease in the coming years. 01.904010.42201 Depends

collected are to offset costs incurred by the City based on valuation of construction covered by permit

City

Arvada

Current Rate:

Legislation: Actuals Budget Forecast $$1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

To pay for the administration of the City's system of permitting for new residential, commercial, and industrial construction for new and existing structures within the City

of Arvada

Code §18-42

Enabling

General Fund Revenue: Public Improvement Fees

To pay for the administration of the City's system of permitting for improvements and other work within public

NOTES:

This revenue is closely tied to new residential development construction activity. The 20232024 budget represents a base number that the City can count upon through a ten-year model. The 0% increase in future years is refelcted in the decrease of building permit fees as well.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2009 57,434 $ -20.2% 2013 357,647 $ 54.3% Percentage 2014 489,022 $ 36.7% oftotal 2022 2015 444,332 $ -9.1% General Fund 2016 396,464 $ -10.8% Revenue 2017 607,962 $ 53.3% 0.48% 2018 300,703 $ -50.5% 2019 291,116 $ -3.2% 2020 454,247 $ 56.0% 2021 620,189 $ 36.5% 2022 621,597 $ 0.2% 2023 (R) 300,000 $ -51.7% 2024 (B) 300,000 $ 0.0% 2025 (F) 250,000 $ -16.7% 2026 (F) 220,000 $ -12.0% 2027 (F) 220,000 $ 0.0% 2028 (F) 220,000 $ 0.0% 2029 (F) 220,000 $ 0.0%

Fees collected are to offset costs incurred by the City The 2025 budget presumes a base level of construction activity consistent with past years 01.701012.42202 & 01.701013.42202 Varies

City of Arvada Arvada Code §78-291 et seq Current Rate: Enabling Legislation: Actuals Budget Forecast $$100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

rights-of-way

General Fund Revenue: Development Plan Inspection Fees

Fee charged by the Work System of Community and Economic Development for the review of development plans

Fees collected are to offset costs incurred by the City

The 2023 figures presume a base level of activity consistent with past years

NOTES: With new development slowing, fees declined in 2021, and are assumed to stay at that level in future years.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2009 4,015 $ -29.9% 2013 27,900 $ 67.3% Percentage 2014 30,725 $ 10.1% oftotal 2022 2015 50,325 $ 63.8% General Fund 2016 60,950 $ 21.1% Revenue 2017 55,475 $ -9.0% 0.01% 2018 41,200 $ -25.7% 2019 39,260 $ -4.7% 2020 22,450 $ -42.8% 2021 7,875 $ -64.9% 2022 8,090 $ 2.7% 2023 (R) 8,171 $ 1.0% 2024 (B) 8,253 $ 1.0% 2025 (F) 8,335 $ 1.0% 2026 (F) 8,418 $ 1.0% 2027 (F) 8,503 $ 1.0% 2028 (F) 8,588 $ 1.0% 2029 (F) 8,674 $ 1.0%

01.905010.42303 Varies

City of Arvada Arvada

§74-31 Current Rate: Enabling Legislation: Actuals Budget Forecast $$10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Code

General Fund Revenue: Building Plan Review Fees

01.904010.44103

on valuation

NOTES:

The budget represents a base number that the City can count upon through a ten-year model. New builds in the City of Arvada are decreasing.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2009 161,972 $ -36.5% 2013 317,851 $ 3.7% Percentage 2014 499,178 $ 57.0% oftotal 2022 2015 634,501 $ 27.1% General Fund 2016 726,143 $ 14.4% Revenue 2017 567,063 $ -21.9% 0.67% 2018 355,525 $ -37.3% 2019 369,980 $ 4.1% 2020 399,385 $ 7.9% 2021 553,726 $ 38.6% 2022 870,862 $ 57.3% 2023 (R) 350,000 $ -59.8% 2024 (B) 350,000 $ 0.0% 2025 (F) 350,000 $ 0.0% 2026 (F) 250,000 $ -28.6% 2027 (F) 250,000 $ 0.0% 2028 (F) 250,000 $ 0.0% 2029 (F) 250,000 $ 0.0%

Fees collected are to offset costs incurred by the City

Varies based

The 2023 figures presume a base level of construction activity consistent with past years of

permit

City of Arvada Arvada Code §18-42 Current Rate: Enabling Legislation: Actuals Budget Forecast $$100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

To pay for the administration of Building Inspection's system of plan review

General Fund Revenue: Zoning & Subdivision Fees

Fees for services relevant to the Land Development Code and the Planning Commission, including plans for new developments, annexations, requests for zoning changes, etc.

Fees collected are to offset costs incurred by the City

While the City saw tremendous growth after the Great Recession, 2023 figures presume a base level of activity consistent with average buidling activity

NOTES:

The budget represents a base number that the City can count upon through a ten-year model. New builds in the City of Arvada are decreasing.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2009 87,517 $ -0.9% 2013 150,165 $ -4.4% Percentage 2014 144,100 $ -4.0% oftotal 2022 2015 119,373 $ -17.2% General Fund 2016 136,822 $ 14.6% Revenue 2017 148,370 $ 8.4% 0.14% 2018 112,009 $ -24.5% 2019 263,864 $ 135.6% 2020 214,183 $ -18.8% 2021 300,328 $ 40.2% 2022 187,623 $ -37.5% 2023 (R) 200,000 $ 6.6% 2024 (B) 200,000 $ 0.0% 2025 (F) 200,000 $ 0.0% 2026 (F) 100,000 $ -50.0% 2027 (F) 100,000 $ 0.0% 2028 (F) 100,000 $ 0.0% 2029 (F) 100,000 $ 0.0%

01.905010.44104 Varies

City of Arvada Arvada Code §74-31 Current Rate: Enabling Legislation: Actuals Budget Forecast $$50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

General Fund Revenue: Court Fines & Fees

and other citations issued by the $$200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

None Current Rate: Enabling Legislation: Actuals Budget Forecast

Police Department and adjudicated in the

Municipal Court

NOTES:

A substantial majority of Court fines and fees are generated from City traffic enforcement adjudications. As the volume of enforcement actions fluctuates, so too do fine and fee revenues.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2009 1,257,831 $ 21.8% 2013 1,279,056 $ 3.0% Percentage 2014 1,220,356 $ -4.6% oftotal 2022 2015 1,462,454 $ 19.8% General Fund 2016 1,391,410 $ -4.9% Revenue 2017 1,564,358 $ 12.4% 0.53% 2018 1,256,744 $ -19.7% 2019 1,010,405 $ -19.6% 2020 759,150 $ -24.9% 2021 887,552 $ 16.9% 2022 693,691 $ -21.8% 2023 (R) 797,763 $ 15.0% 2024 (B) 569,499 $ -28.6% 2025 (F) 575,178 $ 1.0% 2026 (F) 586,682 $ 2.0% 2027 (F) 598,416 $ 2.0% 2028 (F) 610,385 $ 2.0% 2029 (F) 622,592 $ 2.0%

01.201010.45001, 45004, 45050 & 01.701010.45005 Varies Fines and fees for traffic, parking,

Arvada

Courts revenue have seen reductions over several years. Future projections return to a 2% growth pattern. City of Arvada Arvada Code §58-1

General Fund Revenue: Court Costs

01.201010.45003

Based on schedule of costs maintained by the court, but not exceeding $250.00

Assessments made by the court against persons for various infractions, including conviction, contempt of court, failure to appear in court City of Arvada

Code

Fees collected are to offset costs incurred by the City

Courts revenue have seen reductions over several years. Future projections return to a 2% growth pattern.

NOTES:

As with Court fine and fees, substantial majority of Court costs are generated from City traffic enforcement adjudications. As the volume of enforcement actions fluctuates, so too do court costs. The forecast for this reveue source anticipates a reduction in 2024 based upon historial revenues. Future forecasts show a small annual increase.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 430,810 $ -1.7% Percentage 2014 389,035 $ -9.7% oftotal 2022 2015 383,658 $ -1.4% General Fund 2016 341,030 $ -11.1% Revenue 2017 346,166 $ 1.5% 0.12% 2018 288,370 $ -16.7% 2019 260,132 $ -9.8% 2020 192,338 $ -26.1% 2021 192,268 $ 0.0% 2022 153,569 $ -20.1% 2023 (R) 175,000 $ 14.0% 2024 (B) 144,254 $ -17.6% 2025 (F) 145,712 $ 1.0% 2026 (F) 148,626 $ 2.0% 2027 (F) 151,598 $ 2.0% 2028 (F) 154,630 $ 2.0% 2029 (F) 157,723 $ 2.0%

Rate: Enabling Legislation: Actuals Budget Forecast $$50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Arvada

§58-13 Current

General Fund Revenue: Miscellaneous Motor Vehicle Licenses

From among the various components of vehicle registration fees, the City receives a fixed dollar amount per annual motor vehicle registration ($1.50 in most cases)

For the construction and maintenance of highways, roads, and streets located within Arvada's boundaries Based

NOTES:

Miscellaneous motor vehicle license receipts provide a rough estimate for the number of vehicles registered in the City.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2009 384,644 $ 0.7% 2013 408,103 $ 1.7% Percentage 2014 422,767 $ 3.6% oftotal 2022 2015 430,037 $ 1.7% General Fund 2016 445,878 $ 3.7% Revenue 2017 452,921 $ 1.6% 0.34% 2018 452,606 $ -0.1% 2019 461,746 $ 2.0% 2020 443,943 $ -3.9% 2021 441,961 $ -0.4% 2022 441,094 $ -0.2% 2023 (R) 440,000 $ -0.2% 2024 (B) 453,200 $ 3.0% 2025 (F) 466,796 $ 3.0% 2026 (F) 480,800 $ 3.0% 2027 (F) 495,224 $ 3.0% 2028 (F) 510,081 $ 3.0% 2029 (F) 525,383 $ 3.0%

01.500010.42150 $1.50 to $2.50 per vehicle

on continuingly stable receipts consistent with recent history

Jefferson and Adams Counties CRS 42-3-310 Current Rate: Enabling Legislation: Actuals Budget Forecast $$100,000 $200,000 $300,000 $400,000 $500,000 $600,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

General Fund Revenue: Passport Fees

$250,000

$200,000

$150,000

$100,000

$300,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Current Rate: $-

01.152013.44107

$25 - Execution Fee per application; $10 - Passport Photo Fee

A majority of total fees are remitted to the US State Department, but the City receives a $25 per application execution fee and a $10 passport photo fee (if taken)

City of Arvada

Legislation: $50,000

Fees collected are to offset costs incurred by the City

The passport office closed in 2020 due to the COVID-19 pandemic, we do not anticiapte this program resuming in future years

NOTES:

Local post offices provided less availability for passport services in 2015, leading to a substantial spike in demand for City passport services. In 2020, the passport office closed due to COVID-19. We do not anticipate this program returning in the forseable future.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2009 61,705 $ 16.3% 2013 61,491 $ 31.3% Percentage 2014 73,996 $ 20.3% oftotal 2022 2015 116,386 $ 57.3% General Fund 2016 199,145 $ 71.1% Revenue 2017 237,240 $ 19.1% 0.00% 2018 235,690 $ -0.7% 2019 242,845 $ 3.0% 2020 62,345 $ -74.3% 2021 - $ -100.0% 2022 - $ 2023 (R) - $ 2024 (B) - $ 2025 (F) - $ 2026 (F) - $ -2027 (F) - $ -2028 (F) - $ 2029 (F) - $

Enabling

Arvada Code §2-261 et seq [provision for admin fees in general] Actuals Budget Forecast

General Fund Revenue: Interfund Transfers

01.500010.442## & 471## Current Rate: N/A

Transfers made by other City Funds to the General Fund for various purposes, primarily to pay for the use of City facilities and to cover costs related to internal service providers, such as the Departments of Finance and Human Resources.

City of Arvada

Enabling Legislation:

Annually-adopted City budgets

Transfers from enterprise and special revenue funds must be related to expenditures that could have originated in said fund(s)

Levels are periodically reviewed to confirm that the amounts "charged" to other Funds are reasonably related to the costs their respective expenses incurred by the General Fund

NOTES:

These figures exclude transfers related to either the Arvada Center, which is no longer a part of the City, and the Arvada Urban Renewal Authority. A majority of the total transfers come from the Water Fund. The increase from 2023 to 2024 is due to a new Transfer from the Stormwater Fund.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 3,334,739 $ 2.2% Percentage 2014 3,673,042 $ 10.1% oftotal 2022 2015 3,605,343 $ -1.8% General Fund 2016 3,529,264 $ -2.1% Revenue 2017 3,726,168 $ 5.6% 3.01% 2018 3,948,255 $ 6.0% 2019 3,566,442 $ -9.7% 2020 3,704,982 $ 3.9% 2021 3,986,912 $ 7.6% 2022 3,908,646 $ -2.0% 2023 (R) 3,763,481 $ -3.7% 2024 (B) 4,380,225 $ 16.4% 2025 (F) 4,511,632 $ 3.0% 2026 (F) 4,646,981 $ 3.0% 2027 (F) 4,786,389 $ 3.0% 2028 (F) 4,929,980 $ 3.0% 2029 (F) 5,077,879 $ 3.0%

Actuals Budget Forecast $$1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

General Fund Revenue: Investment Interest

Interest received on investments made by the City within the confines of the City's Investment Policy, with the priorities (in order) of safety, liquidity, and yield

Presumes a continued low interest rate investment market and AURA's payoff of a note in the near-term for which the City was paid interest

NOTES: Interest is expected to decrease in upcoming years due to many investments "locked-in" at lower interest rates.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 234,100 $ -14.2% Percentage 2014 355,259 $ 51.8% oftotal 2022 2015 437,814 $ 23.2% General Fund 2016 655,668 $ 49.8% Revenue 2017 839,298 $ 28.0% 0.99% 2018 892,375 $ 6.3% 2019 1,092,399 $ 22.4% 2020 1,065,583 $ -2.5% 2021 944,662 $ -11.3% 2022 1,282,008 $ 35.7% 2023 (R) 1,173,000 $ -8.5% 2024 (B) 1,476,757 $ 25.9% 2025 (F) 1,415,003 $ -4.2% 2026 (F) 1,265,363 $ -10.6% 2027 (F) 1,166,600 $ -7.8% 2028 (F) 1,076,726 $ -7.7% 2029 (F) 967,679 $ -10.1%

None 01.500010.46101, 46102, & 46104 Market Rates

City of Arvada Arvada Code §2-232 et seq. Current Rate: Enabling Legislation: Actuals Budget Forecast $$200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

General Fund Revenue: Penalties/Interest/Adjustments

NOTES:

The City moved to online only filing which allows notices to go out when expiring. Due to this new system there has been more consistancy with filing and payments made on time. The spike in 2022 is due to a large taxpayer who had an increase in late payments due to some changes in their internal processes.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 143,818 $ 23.1% Percentage 2014 131,463 $ -8.6% oftotal 2022 2015 116,997 $ -11.0% General Fund 2016 137,272 $ 17.3% Revenue 2017 84,278 $ -38.6% 0.23% 2018 228,126 $ 170.7% 2019 229,851 $ 0.8% 2020 170,508 $ -25.8% 2021 90,971 $ -46.6% 2022 300,877 $ 230.7% 2023 (R) 80,000 $ -73.4% 2024 (B) 80,000 $ 0.0% 2025 (F) 80,000 $ 0.0% 2026 (F) 80,000 $ 0.0% 2027 (F) 80,000 $ 0.0% 2028 (F) 80,000 $ 0.0% 2029 (F) 80,000 $ 0.0%

None Based

01.500010.41308 Varies

on continuingly stable receipts consistent with recent history

Arvada

Current Rate: Enabling Legislation: Actuals Budget Forecast $$50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Per municipal ordinance, ten percent penalty is assessed on delinquent sales and use tax payments along with a one percent interest amount per month outstanding.

City of Arvada

Code §98-71 et seq.

General Fund Revenue: Audit Revenue

Per municipal ordinance, an enforcement officer may conduct an audit of taxpayer records in order to verify accurate calculation and remittance of City taxes

NOTES:

The City audits businesses for compliance with the sales and use tax ordinance. The negative number in 2017 represents a very large refund of an overpayment of use tax. The City takes a conservative approach in Audit Revenue budget estimates.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 140,125 $ -9.9% Percentage 2014 149,662 $ 6.8% oftotal 2022 2015 197,938 $ 32.3% General Fund 2016 255,474 $ 29.1% Revenue 2017 (854,260) $ -434.4% 0.26% 2018 35,603 $ -104.2% 2019 369,862 $ 938.8% 2020 311,461 $ -15.8% 2021 427,404 $ 37.2% 2022 332,399 $ -22.2% 2023 (R) 240,000 $ -27.8% 2024 (B) 240,000 $ 0.0% 2025 (F) 240,000 $ 0.0% 2026 (F) 240,000 $ 0.0% 2027 (F) 240,000 $ 0.0% 2028 (F) 240,000 $ 0.0% 2029 (F) 240,000 $ 0.0%

None Based on continuingly stable receipts consistent with recent history 01.500010.41309 N/A

City of Arvada Arvada Code §98-91 Current Rate: Enabling Legislation: Actuals Budget Forecast $$50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

General Fund Revenue: 50/50 Concrete Replacement Program

50%

City

Only

NOTES:

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 136,620 $ 28.2% Percentage 2014 128,558 $ -5.9% oftotal 2022 2015 127,507 $ -0.8% General Fund 2016 153,610 $ 20.5% Revenue 2017 89,524 $ -41.7% 0.00% 2018 79,922 $ -10.7% 2019 93,237 $ 16.7% 2020 47,387 $ -49.2% 2021 34,031 $ -28.2% 2022 - $ -100.0% 2023 (R) - $ -2024 (B) - $ -2025 (F) - $ 2026 (F) - $ 2027 (F) - $ 2028 (F) - $ 2029 (F) - $ --

for offsetting City expenditures for concrete replacement Based on continuingly stable receipts consistent with recent history 04.705012.46503

The program was originally implemented to be used as an incentive to repair sidewalks, curbs and gutters. Over the years several changes have occurred including the standards and specifications, ADA compliance, population, payment plans, and qualified customers. The time has expired for any requests for reimbursements. of cost ascribed to participating property

of Arvada Arvada Code §94-36 Current Rate: Enabling Legislation: Actuals Budget Forecast $$20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 $180,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Except where public streets are scheduled to undergo major capital maintenance within two years, curb, gutter and sidewalk shall be maintained on a 50/50 cost sharing basis whereby the property owner shall pay one-half of the reasonable cost to replace or repair existing curb, gutter and sidewalk and the city shall pay the other half

General Fund Revenue: Miscellaneous Recovered Costs

Sources widely vary, including annual payments from AURA to cover the City's payments to Wheat Ridge per the agreement on Kipling Ridge, payments for copies of police reports, the City's annual rebate from JPMorgan for P-card usage, and lease payments for cellular towers on City property

Generally

NOTES:

These figures exclude in-kind book entries for General Fund support of the Arvada Center. Repayment of AURA loan for Ralston Commons will start in 2024, and end by 2028. Repayment of AURA Wheatridge loan will end after 2025. The increase in 2024-2027 is a repayment of a loan to AURA from the General Fund.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 788,634 $ 7.2% Percentage 2014 779,507 $ -1.2% oftotal 2022 2015 757,168 $ -2.9% General Fund 2016 1,025,731 $ 35.5% Revenue 2017 1,129,517 $ 10.1% 2.26% 2018 1,166,315 $ 3.3% 2019 1,031,688 $ -11.5% 2020 1,023,848 $ -0.8% 2021 2,906,069 $ 183.8% 2022 2,940,201 $ 1.2% 2023 (R) 2,890,510 $ -1.7% 2024 (B) 4,965,735 $ 71.8% 2025 (F) 6,473,217 $ 30.4% 2026 (F) 5,593,024 $ -13.6% 2027 (F) 5,105,224 $ -8.7% 2028 (F) 3,189,889 $ -37.5% 2029 (F) 3,277,008 $ 2.7%

on continuingly stable receipts consistent with recent history 01.500010.44510, 46201, 46450, 46501, 46502, 46503, 46505 & 46506 Varies

none Based

City of Arvada Various Current Rate: Enabling Legislation: Actuals Budget Forecast $$1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

POLICE TAX INCREMENT FUNDS

Unlike the General Fund, revenue for the City’s two Police Tax Increment Funds is almost exclusively in the form of sales and use taxes In 1993, the electorate of the City approved a 0 21% increase to the City’s sales and use tax rate of 3 .00%, with all proceeds from that increment of the total sales and use tax rate dedicated to expanding police services . In 2005, voters approved an additional increase, this time 0 25%, to further expand the Arvada Police Department With the addition of this second tax increment dedicated to public safety, Arvada reached its current sales and use tax rate of 3 46% on January 1, 2006

The current tax bases for the Tax Increment Funds and the General Fund are nearly identical, in that any transaction eligible for City taxation is assessed 3.00% for the benefit of the General Fund, 0.21% for the benefit of the first Police Tax Increment Fund, and 0.25% for the benefit of the second Police Tax Increment Fund. However, the term and location of urban renewal areas does affect whether revenue collected from transactions within those areas will be collected by any of the three relevant City funds or by the Arvada Urban Renewal Authority. The breakout of revenue sources for the Tax Increment Funds in 2022 was as follows:

Sales Tax, 77% Use Tax, 1% Auto Use Tax, 10% Building Use Tax, 7% Other, 4% Police Tax Increment Revenues

PD Tax Increments Revenue: Sales Tax

A tax on all sales and services taxable in the City of Arvada, save for several enumerated exceptions, at a rate set by the City of Arvada and approved by election; the City's second Police Sales Tax Increment went into effect on 1/1/2006, and an Arvada Urban Renewal Area expired on June 30, 2006

Solely for police purposes as approved by election for each

Based on year-to-date figures for 2022 and continued growth consistent with past receipts

NOTES:

Due to setups with urban renewal areas, the police tax increments have a larger base than the General Fund. Adding to that base was the opening a new retail operation in the Ralston Fields Urban Renewal Area in 2019.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 6,303,841 $ 5.8% Percentage 2014 6,770,242 $ 7.4% oftotal 2022 2015 7,197,811 $ 6.3% T.I. Funds 2016 7,531,066 $ 4.6% Revenue 2017 8,081,046 $ 7.3% 77.81% 2018 8,339,125 $ 3.2% 2019 8,548,730 $ 2.5% 2020 9,269,698 $ 8.4% 2021 10,667,894 $ 15.1% 2022 11,680,666 $ 9.5% 2023 (R) 12,123,703 $ 3.8% 2024 (B) 12,252,273 $ 1.1% 2025 (F) 12,556,080 $ 2.5% 2026 (F) 12,929,763 $ 3.0% 2027 (F) 13,250,507 $ 2.5% 2028 (F) 13,513,517 $ 2.0% 2029 (F) 13,647,652 $ 1.0%

PD TI .21: 0.21%; PD TI .25: 0.25% Arvada Code §98-61 et seq Actuals 21.600000.41352 & 22.600000.41352 Current Rate:

City of Arvada Enabling Legislation: Budget Forecast $$2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

PD Tax Increments Revenue: Auto Use Tax

A tax on all motor vehicles registered within the boundaries of the City of Arvada immediately subsequent to their sale, at a rate set by the City of Arvada

Solely

With several years of incredible growth since 2010, projections presume a "breather" in 2023; this runs consistent with General Fund Auto Use Tax receipts

NOTES:

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 826,022 $ 12.4% Percentage 2014 917,320 $ 11.1% oftotal 2022 2015 1,069,225 $ 16.6% T.I. Funds 2016 1,098,236 $ 2.7% Revenue 2017 1,309,520 $ 19.2% 10.38% 2018 1,230,129 $ -6.1% 2019 1,246,508 $ 1.3% 2020 1,311,498 $ 5.2% 2021 1,532,518 $ 16.9% 2022 1,558,633 $ 1.7% 2023 (R) 1,558,633 $ 0.0% 2024 (B) 1,574,220 $ 1.0% 2025 (F) 1,589,962 $ 1.0% 2026 (F) 1,542,263 $ -3.0% 2027 (F) 1,573,108 $ 2.0% 2028 (F) 1,604,571 $ 2.0% 2029 (F) 1,636,662 $ 2.0%

for police purposes as approved by election for each

0.25% Arvada Code §98-61 et seq. Actuals 21.600000.41354 & 22.600000.41354 Current Rate:

PD TI .21: 0.21%; PD TI .25:

and

Counties

Legislation: Budget Forecast $$200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Jefferson

Adams

Enabling

PD Tax Increments Revenue: Building Use Tax

Based on the permit valuation - PD TI .21: 0.21%; PD TI .25: 0.25%

A tax paid for the issuance of a building permit at a rate set by the City of Arvada in lieu of taxes being assessed on materials used for construction purposes

Enabling Legislation:

Arvada Code §98-61 et seq & Arvada Code §98-84 et seq.

Solely for police purposes as approved by election for each

While recognizing that building activity has started to slow down, figures presume a base level of construction activity consistent with past years

NOTES:

The 2023-2024 budget represents a return to a base number that the City can rely upon through the ten-year model. The large increase in 2022 is due to a couple of large development projects.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 442,784 $ 21.1% Percentage 2014 679,350 $ 53.4% oftotal 2022 2015 799,772 $ 17.7% T.I. Funds 2016 1,042,068 $ 30.3% Revenue 2017 1,074,494 $ 3.1% 7.39% 2018 626,837 $ -41.7% 2019 510,191 $ -18.6% 2020 579,064 $ 13.5% 2021 593,965 $ 2.6% 2022 1,109,912 $ 86.9% 2023 (R) 699,453 $ -37.0% 2024 (B) 727,431 $ 4.0% 2025 (F) 748,254 $ 2.9% 2026 (F) 764,239 $ 2.1% 2027 (F) 771,881 $ 1.0% 2028 (F) 771,881 $ 0.0% 2029 (F) 795,038 $ 3.0%

Actuals 21.600000.41355

22.600000.41355 Current Rate:

City of Arvada

Budget Forecast $$200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

PD Tax Increments Revenue: General Use Tax

Solely for police purposes as approved by election for each

Based on continued growth consistent with past receipts

NOTES:

General use tax receipts have a long history of volatility, due primarily to large percentages of total receipts being paid by a few large firms whose relevant activity fluctuates year to year.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 238,316 $ 27.3% Percentage 2014 235,168 $ -1.3% oftotal 2022 2015 245,162 $ 4.2% T.I. Funds 2016 201,295 $ -17.9% Revenue 2017 277,754 $ 38.0% 1.08% 2018 224,219 $ -19.3% 2019 166,690 $ -25.7% 2020 127,113 $ -23.7% 2021 166,367 $ 30.9% 2022 161,843 $ -2.7% 2023 (R) 169,935 $ 5.0% 2024 (B) 172,484 $ 1.5% 2025 (F) 175,933 $ 2.0% 2026 (F) 179,452 $ 2.0% 2027 (F) 183,041 $ 2.0% 2028 (F) 186,702 $ 2.0% 2029 (F) 190,436 $ 2.0%

PD TI .21: 0.21%; PD TI .25: 0.25% Arvada Code §98-61 et seq. Actuals 21.600000.41353 & 22.600000.41353 Current Rate:

City of Arvada Enabling Legislation: Budget Forecast $$50,000 $100,000 $150,000 $200,000 $250,000 $300,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

PD Tax Increments Revenue: Audit Revenue

Per municipal ordinance, an enforcement officer may conduct an audit of taxpayer records in order to verify accurate calculation and remittance of City taxes

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 21,483 $ -9.9% Percentage 2014 22,944 $ 6.8% oftotal 2022 2015 12,132 $ -47.1% T.I. Funds 2016 39,170 $ 222.9% Revenue 2017 (130,988) $ -434.4% 0.34% 2018 5,455 $ -104.2% 2019 56,707 $ 939.5% 2020 47,753 $ -15.8% 2021 65,529 $ 37.2% 2022 51,318 $ -21.7% 2023 (R) 37,051 $ -27.8% 2024 (B) 37,051 $ 0.0% 2025 (F) 37,051 $ 0.0% 2026 (F) 37,051 $ 0.0% 2027 (F) 37,051 $ 0.0% 2028 (F) 37,051 $ 0.0% 2029 (F) 37,051 $ 0.0% N/A Arvada Code §98-91 Actuals

City audits businesses

with the sales and use tax ordinance. 21.600000.41309 & 22.600000.41309 Current Rate:

NOTES: The

for compliance

City of Arvada Enabling Legislation: Solely for police

Based on continuingly stable receipts consistent with recent history Budget Forecast $$10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

purposes

approved by election for each

OTHER MAJOR GOVERNMENTAL REVENUES

The City has four additional ongoing intergovernmental revenue streams that fund various City operations outside of the General Fund.

Conservation Trust Fund –Arvada’s quarterly share of proceeds from the Colorado Lottery, which the City primarily uses on capital projects for park and recreation amenities

Adams County Transportation Sales Tax – a monthly share from Adams County for use on road and bridge projects

Jefferson County Open Space Sales Tax – Arvada’s monthly share of Jefferson County Open Space revenue, which the City has been using solely for Parks Maintenance operations since 2008

Adams County Open Space Sales Tax – a biannual distribution of Open Space Sales Tax revenue from Adams County

Other Governmental Revenue: Conservation Trust Fund

Dependent on Colorado Lottery sales; shares distributed on per capita basis

Forty percent of Lottery revenues collected are distributed among eligible local jurisdictions, with each jurisdiction's share determined by a formula that is generally dependent upon population

Colorado Department of Local Affairs

Colorado Constitution Article 27, §3 and CRS 29-21-101 et seq.

For the acquisition, development, and maintenance of new conservation sites or for capital improvements or maintenance for recreational purposes on any public site

Based on continued growth consistent with past receipts

NOTES:

The spike in revenue for 2021 and 2022 was due to the Powerball jackpot growing to nearly $1 billion which increased lottery sales.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 587,297 $ 9.1% 2014 530,706 $ -9.6% 2015 539,560 $ 1.7% 2016 633,297 $ 17.4% 2017 572,045 $ -9.7% 2018 595,047 $ 4.0% 2019 683,994 $ 14.9% 2020 623,009 $ -8.9% 2021 735,846 $ 18.1% 2022 803,099 $ 9.1% 2023 (R) 577,535 $ -28.1% 2024 (B) 583,311 $ 1.0% 2025 (F) 589,145 $ 1.0% 2026 (F) 595,036 $ 1.0% 2027 (F) 600,987 $ 1.0% 2028 (F) 606,996 $ 1.0% 2029 (F) 613,066 $ 1.0%

Actuals 03.2601.43401 Current Rate:

Legislation: Budget Forecast $$100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Enabling

Other Governmental Revenue: Jefferson County Open Space Sales Tax

14.800000.43502

"expended only for...acquiring, maintaining, administering, and preserving open space…and construction, acquiring and maintaining park and recreational capital improvements..."

Based on continued growth consistent with past receipts

NOTES:

The City uses all of its JeffCo Open Space revenue share for ongoing park operations and maintenance. This revenue source has increased with the growth in the economy. This revenue source is based on sales tax collected at the County level, 2021 and 2022 revenue is consistent with increased sales tax revenue. 2023 and forward projections are based on a 3% annual increase.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 3,537,126 $ 6.8% 2014 3,685,566 $ 4.2% 2015 3,978,094 $ 7.9% 2016 4,202,050 $ 5.6% 2017 4,380,272 $ 4.2% 2018 4,632,757 $ 5.8% 2019 5,025,652 $ 8.5% 2020 5,389,361 $ 7.2% 2021 6,140,522 $ 13.9% 2022 6,810,447 $ 10.9% 2023 (R) 7,014,061 $ 3.0% 2024 (B) 7,225,203 $ 3.0% 2025 (F) 7,441,959 $ 3.0% 2026 (F) 7,665,218 $ 3.0% 2027 (F) 7,895,175 $ 3.0% 2028 (F) 8,132,030 $ 3.0% 2029 (F) 8,375,991 $ 3.0%

0.50% Sales Tax (City gets 50% of what was collected in the City)

Actuals

Jefferson County Ordinances

Current Rate:

Budget Forecast $$1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

A tax on all sales and services taxable in Jefferson County and first approved by election in 1972 and effective in 1973 Jefferson County

Enabling

Legislation:

Other Governmental Revenue: Adams County Transportation Sales Tax

31.9001.43503

0.50% Sales Tax (City gets 40% of what was collected in the City)

A tax on all tangible personal property and services taxable with several enumerated exemptions

Adams County Resolution 06-01 [voter approved]

"For improvements to or the building of road and bridge projects" within the City

Based on continuingly stable receipts consistent with recent history

NOTES: Overall growth in the economy has increased this revenue over the past 10 years. A continued increase is anticipated in future years.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 80,201 $ -28.8% 2014 73,560 $ -8.3% 2015 88,000 $ 19.6% 2016 101,741 $ 15.6% 2017 81,132 $ -20.3% 2018 104,195 $ 28.4% 2019 135,797 $ 30.3% 2020 204,681 $ 50.7% 2021 270,058 $ 31.9% 2022 302,934 $ 12.2% 2023 (R) 327,169 $ 8.0% 2024 (B) 353,342 $ 8.0% 2025 (F) 381,610 $ 8.0% 2026 (F) 412,138 $ 8.0% 2027 (F) 445,109 $ 8.0% 2028 (F) 480,718 $ 8.0% 2029 (F) 519,176 $ 8.0%

Actuals

Current Rate:

Adams County Enabling Legislation: Budget Forecast $$100,000 $200,000 $300,000 $400,000 $500,000 $600,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Other Governmental Revenue: Adams County Open Space Sales Tax

0.25% Sales Tax (City gets 30% of what is collected in the City)

A tax on all sales of tangible personal property at retail or the furnishing of services

Adams County Resolutions 99-1 & 2004-1 (voter approved)

"To preserve open space...and for creating, improving and maintaining parks and recreation facilities" in Adams County

Based on continuingly stable receipts consistent with recent history

NOTES: Overall growth in the economy has increased this revenue over the past 10 years. These funds are only used in Arvada's portion of Adams County for open space purposes.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 40,697 $ 61.0% 2014 28,655 $ -29.6% 2015 28,295 $ -1.3% 2016 35,395 $ 25.1% 2017 32,156 $ -9.2% 2018 55,639 $ 73.0% 2019 49,905 $ -10.3% 2020 75,213 $ 50.7% 2021 99,246 $ 32.0% 2022 111,462 $ 12.3% 2023 (R) 119,264 $ 7.0% 2024 (B) 126,420 $ 6.0% 2025 (F) 132,741 $ 5.0% 2026 (F) 138,051 $ 4.0% 2027 (F) 142,192 $ 3.0% 2028 (F) 146,458 $ 3.0% 2029 (F) 150,852 $ 3.0%

Actuals 31.9007.43502 Current Rate: Adams County Enabling Legislation:

Budget Forecast $$20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

in the County

Other Governmental Revenue: Golf - Green Fees

Since Covid, the Golf Fund has experienced an increase in most Programs. Hopefully this trend is to continue in the upcoming years, but budgeted conservatively.

The Golf Fund includes Lake Arbor Golf Course and West Woods Golf Course. In this scenario, Green Fees Revenue also includes Rentals, Players Pass and Miscellaneous Revenues. The dip in 2017 was due to course remodels.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 1,828,960 $ -14.5% 2014 2,090,223 $ 14.3% 2015 2,033,208 $ -2.7% 2016 2,094,567 $ 3.0% 2017 1,770,579 $ -15.5% 2018 2,418,415 $ 36.6% 2019 2,218,567 $ -8.3% 2020 2,810,072 $ 26.7% 2021 3,123,498 $ 11.2% 2022 3,467,287 $ 11.0% 2023 (R) 3,498,249 $ 0.9% 2024 (B) 3,716,930 $ 6.3% 2025 (F) 3,828,438 $ 3.0% 2026 (F) 3,943,291 $ 3.0% 2027 (F) 4,014,086 $ 1.8% 2028 (F) 4,134,846 $ 3.0% 2029 (F) 4,259,069 $ 3.0%

Actuals Budget Forecast City of Arvada Enabling Legislation: 43.802010,11+802020,21+802030,31+8 02040,43+802050,51.44501,44510,4451 3,46450 Current Rate: various

$$500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

The City of Arvada operates premier golf facilities, which include restaurants and banquet space. West Woods Golf Course and Lake Arbor Golf Course focus on exceptional service and value to the community.

Other Governmental Revenue: Golf - Motor Carts

43.802010,11+802020,21+802030,31+ 802040,43+802050,51.44504,44514

Since Covid, the Golf Fund has experienced an increase in most Programs. Hopefully this trend is to continue in the upcoming years, but budgeted conservatively.

The Golf Fund includes Lake Arbor Golf Course and West Woods Golf Course. The dip in 2017 was due to course remodels.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 451,460 $ -10.7% 2014 523,640 $ 16.0% 2015 500,354 $ -4.4% 2016 498,346 $ -0.4% 2017 446,250 $ -10.5% 2018 470,044 $ 5.3% 2019 547,237 $ 16.4% 2020 684,599 $ 25.1% 2021 786,296 $ 14.9% 2022 903,026 $ 14.8% 2023 (R) 895,624 $ -0.8% 2024 (B) 949,362 $ 6.0% 2025 (F) 977,843 $ 3.0% 2026 (F) 1,007,178 $ 3.0% 2027 (F) 1,029,238 $ 2.2% 2028 (F) 1,061,505 $ 3.1% 2029 (F) 1,094,081 $ 3.1%

Actuals Budget Forecast City of Arvada Enabling Legislation:

Current Rate: various

$$200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Other Governmental Revenue: Golf - Driving Range

43.802010,11+802020,21+802030,31+8 02040,43+802050,51.44507

Since Covid, the Golf Fund has experienced an increase in most Programs. Hopefully this trend is to continue in the upcoming years, but budgeted conservatively.

The Golf Fund includes Lake Arbor Golf Course and West Woods Golf Course. The dip in 2017 was due to course remodels.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 143,932 $ -12.3% 2014 167,474 $ 16.4% 2015 168,133 $ 0.4% 2016 143,578 $ -14.6% 2017 95,292 $ -33.6% 2018 168,198 $ 76.5% 2019 220,407 $ 31.0% 2020 177,288 $ -19.6% 2021 286,838 $ 61.8% 2022 320,115 $ 11.6% 2023 (R) 308,000 $ -3.8% 2024 (B) 326,480 $ 6.0% 2025 (F) 336,274 $ 3.0% 2026 (F) 346,363 $ 3.0% 2027 (F) 353,513 $ 2.1% 2028 (F) 364,225 $ 3.0% 2029 (F) 375,208 $ 3.0%

Actuals Budget Forecast City of Arvada Enabling Legislation:

Current Rate: various

$$50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Other Governmental Revenue: Golf - Pro Shop

43.802010,11+802020,21+802030,31+8 02040,43+802050,51.44517,44601

Since Covid, the Golf Fund has experienced an increase in most Programs. Hopefully this trend is to continue in the upcoming years, but budgeted conservatively.

The Golf Fund includes Lake Arbor Golf Course and West Woods Golf Course. The dip in 2020 was due to COVID course restrictions.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 284,931 $ 8.1% 2014 254,172 $ -10.8% 2015 353,144 $ 38.9% 2016 244,687 $ -30.7% 2017 249,979 $ 2.2% 2018 333,279 $ 33.3% 2019 334,292 $ 0.3% 2020 161,093 $ -51.8% 2021 340,272 $ 111.2% 2022 358,807 $ 5.4% 2023 (R) 394,204 $ 9.9% 2024 (B) 417,856 $ 6.0% 2025 (F) 430,392 $ 3.0% 2026 (F) 443,304 $ 3.0% 2027 (F) 452,294 $ 2.0% 2028 (F) 465,863 $ 3.0% 2029 (F) 479,839 $ 3.0%

Actuals Budget Forecast City of Arvada Enabling Legislation:

Current Rate: various

$$100,000 $200,000 $300,000 $400,000 $500,000 $600,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Other Governmental Revenue: Golf - Restaurant Food Services

Since Covid, the Golf Fund has experienced an increase in most Programs. Hopefully this trend is to continue in the upcoming years, but budgeted conservatively.

The Golf Fund includes Lake Arbor Golf Course and West Woods Golf Course, including food and banquet services. The dip in 2017 was due to course renovations. The dip in 2020 was due to COVID course restrictions. Food services include restaurant and banquet food sales, service charges and

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 749,531 $ 5.3% 2014 862,862 $ 15.1% 2015 891,750 $ 3.3% 2016 883,389 $ -0.9% 2017 355,633 $ -59.7% 2018 1,138,858 $ 220.2% 2019 1,337,014 $ 17.4% 2020 592,502 $ -55.7% 2021 1,063,450 $ 79.5% 2022 1,392,826 $ 31.0% 2023 (R) 1,290,863 $ -7.3% 2024 (B) 1,368,315 $ 6.0% 2025 (F) 1,409,364 $ 3.0% 2026 (F) 1,451,645 $ 3.0% 2027 (F) 1,455,493 $ 0.3% 2028 (F) 1,500,341 $ 3.1% 2029 (F) 1,546,002 $ 3.0%

rentals. Actuals Budget Forecast City of Arvada Enabling Legislation: 43.802130,802131,802140,802141.4460 5,44623,44609,44627,44647,44633,446 23 Current Rate: various

banquet

$$200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Other Governmental Revenue: Golf - Restaurant Beverages

Since Covid, the Golf Fund has experienced an increase in most Programs. Hopefully this trend is to continue in the upcoming years, but budgeted conservatively.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 455,253 $ -3.5% 2014 535,899 $ 17.7% 2015 575,134 $ 7.3% 2016 571,489 $ -0.6% 2017 370,610 $ -35.2% 2018 684,272 $ 84.6% 2019 872,052 $ 27.4% 2020 558,430 $ -36.0% 2021 885,658 $ 58.6% 2022 1,015,459 $ 14.7% 2023 (R) 1,031,994 $ 1.6% 2024 (B) 1,093,914 $ 6.0% 2025 (F) 1,126,731 $ 3.0% 2026 (F) 1,160,533 $ 3.0% 2027 (F) 1,161,651 $ 0.1% 2028 (F) 1,196,557 $ 3.0% 2029 (F) 1,232,483 $ 3.0%

Actuals Budget Forecast City of Arvada Enabling Legislation: 43.802130,802131,802140,802141.4460 6,44608,44626 Current Rate: various

$$200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Other Governmental Revenue: Athletic Fields

Current Rate: 14.801015.44710 + 44711

The City of Arvada is now managing the permitting and scheduling of organized sports activities including soccer, lacrosse, rugby, baseball, softball, and more on the City’s public fields

Based on last year's revenue, with an increase in athletic programs and tournaments

In 2022 the City took over duties to program athletic fields and all maintenance of athletic fields resides with the City. Formerly this was handled by APEX Recreation District. The City is waiting to see how revenues will come in while this Program is still very new. It is anticpated that user rates will increase annually through 2024 as this program is developed and then will increase every three years going forward.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 N/A N/A 2014 N/A N/A 2015 N/A N/A 2016 N/A N/A 2017 N/A N/A 2018 N/A N/A 2019 N/A N/A 2020 N/A N/A 2021 N/A N/A 2022 784,838 $ 2023 (R) 977,500 $ 24.5% 2024 (B) 1,124,125 $ 15.0% 2025 (F) 1,124,125 $ 0.0% 2026 (F) 1,124,125 $ 0.0% 2027 (F) 1,124,125 $ 0.0% 2028 (F) 1,157,849 $ 3.0% 2029 (F) 1,157,849 $ 0.0% various Actuals

City of Arvada

Enabling Legislation:

Budget Forecast $$200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

ENTERPRISE FUND REVENUES

The City currently maintains five different enterprise funds. These include Water, Wastewater, Stormwater, Solid Waste and Golf. Each of these funds assess varies fees and charges to cover both the operating and capital needs.

Enterprise Fund Revenue: Water System Development Charges

41.733010.42204

Current Rate:

A System Development Charge (SDC), previously referred to as a “tap fee”, is the charge that developers pay to connect a new or expanded building or use to the city's water and/or sewer system.

City of Arvada

Enabling Legislation:

4819

SDCs are the primary source of revenue to support planned development and the needs to expand the capacity of water and sewer infrastructure

The City team reviews this amount on a regular basis to ensure that the City is charging the appropriate SDC based on industry best practices. The city works with independent financial advisors on a regular basis to update the City’s System Development Charges (SDC).

NOTES:

System Development Charge(SDC), previously referred to as a “tap fee”, is the charge that developers pay when connecting new water piping to the City’s existing system to deliver water to the new building. The City will be increasing SDCs to address the current planned development demand and expected future growth over the next 25 to 30 years.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 7,896,550 $ N/A 2014 10,167,203 $ N/A 2015 10,597,733 $ 4.2% 2016 15,373,929 $ 45.1% 2017 10,316,990 $ -32.9% 2018 9,391,731 $ -9.0% 2019 5,830,607 $ -37.9% 2020 4,780,568 $ -18.0% 2021 4,273,115 $ -10.6% 2022 8,652,843 $ 102.5% 2023 (R) 10,372,000 $ 19.9% 2024 (B) 10,786,880 $ 4.0% 2025 (F) 11,218,355 $ 4.0% 2026 (F) 11,667,089 $ 4.0% 2027 (F) 12,133,773 $ 4.0% 2028 (F) 12,619,124 $ 4.0% 2029 (F) 13,123,889 $ 4.0%

System - $19,700/Single Family Home Ordinance No.

Actuals

Water

Budget Forecast $$2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Enterprise Fund Revenue: Water Fees

41.733010.44401

Current Rate:

1 0-30,000 Gal =$4.41/1,000 Gal

2 30,001-60,000 Gal= $5.52/1,000 Gal

3 60,001-90,000 Gal=$6.63/1,000 Gal

4 90,000< Gal=$8.83/1,000 Gal

Bi-Monthly Service Charge $9.83-Single Family

Home

Water rates and fees pay for the operating, maintenance, repair and replacement costs of the water system. No sales taxes are used for this work.

City of Arvada

Enabling Legislation:

Ordinance No. 4818

The City does not make a profit on these services or use the funds generated for anything other than providing water and sewer services.

Increases in rates are due to higher raw water costs, energy increases, higher pricing for materials and chemicals and the increasing need for rehabilitation and replacement of system infrastructure.

NOTES:

Fixed bimonthly service fees increased in 2022 for the first time in over a decade.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 16,984,882 $ N/A 2014 17,646,286 $ N/A 2015 18,595,392 $ 5.4% 2016 21,172,518 $ 13.9% 2017 21,293,031 $ 0.6% 2018 23,247,268 $ 9.2% 2019 22,440,398 $ -3.5% 2020 26,566,959 $ 18.4% 2021 24,986,566 $ -5.9% 2022 28,174,365 $ 12.8% 2023 (R) 30,643,493 $ 8.8% 2024 (B) 32,788,538 $ 7.0% 2025 (F) 35,083,735 $ 7.0% 2026 (F) 37,539,597 $ 7.0% 2027 (F) 40,167,368 $ 7.0% 2028 (F) 42,979,084 $ 7.0% 2029 (F) 45,987,620 $ 7.0%

Tier

Actuals

Budget Forecast $$5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 $40,000,000 $45,000,000 $50,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Enterprise Fund Revenue: Sewer System Development Charges

42.734040.42206

Current Rate: Sewer System - $1,579/Single Family Home

A System Development Charge (SDC), previously referred to as a “tap fee”, is the charge that developers pay to connect a new or expanded building or use to the city's water and/or sewer system.

City of Arvada

Enabling Legislation:

Ordinance No. 4819

Notes: SDCs are the primary source of revenue to support planned development and the needs to expand the capacity of water and sewer infrastructure

NOTES:

System Development Charge(SDC), previously referred to as a “tap fee”, is the charge that developers pay when connecting new wastewater (sewer) piping to the City’s existing system to remove wastewater from the new building. The City will be increasing SDCs to address the current planned development demand and expected future growth over the next 25 to 30 years.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 849,106 $ N/A 2014 1,001,500 $ N/A 2015 1,146,951 $ 14.5% 2016 1,817,277 $ 58.4% 2017 1,214,681 $ -33.2% 2018 1,484,310 $ 22.2% 2019 697,255 $ -53.0% 2020 517,903 $ -25.7% 2021 377,812 $ -27.0% 2022 745,956 $ 97.4% 2023 (R) 3,022,443 $ 305.2% 2024 (B) 3,143,248 $ 4.0% 2025 (F) 3,269,008 $ 4.0% 2026 (F) 3,399,738 $ 4.0% 2027 (F) 3,535,793 $ 4.0% 2028 (F) 3,677,288 $ 4.0% 2029 (F) 3,824,244 $ 4.0%

Actuals Budget Forecast

Enterprise Fund Revenue: Wastewater Fees

42.734040.44301 Current Rate:

The Arvada Water, Wastewater and Stormwater Utilities are funded through rates, fees and System Development Charges (SDCs), not taxes

Enabling Legislation:

No. 4818

The City does not make a profit on these services or use the funds generated for anything other than providing sewer services.

Increases in rates are due to higher costs from Metro Recovery, energy increases, higher pricing for materials and chemicals and the increasing need for rehabilitation and replacement of system infrastructure.

NOTES: Fixed bimonthly service fees increased in 2022 for the first time in over a decade.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 10,339,954 $ N/A 2014 10,493,954 $ N/A 2015 10,858,398 $ 3.5% 2016 10,875,574 $ 0.2% 2017 11,513,805 $ 5.9% 2018 11,279,343 $ -2.0% 2019 11,815,807 $ 4.8% 2020 11,988,480 $ 1.5% 2021 12,468,161 $ 4.0% 2022 13,079,462 $ 4.9% 2023 (R) 14,814,322 $ 13.3% 2024 (B) 15,703,181 $ 6.0% 2025 (F) 16,645,372 $ 6.0% 2026 (F) 17,644,095 $ 6.0% 2027 (F) 18,702,740 $ 6.0% 2028 (F) 19,824,905 $ 6.0% 2029 (F) 21,014,399 $ 6.0% Usage/1,000

BASED ON WINTER TIME USAGE Rate: $5.25 Service charge $4.44

Actuals

Gallons

Ordinance

City of Arvada

Budget Forecast $$5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Enterprise Fund Revenue: Storm Water Fees

44.737010.44321

Rate:

$0.001520 per square feet of impervious area located on property per bi-monthly billing.

This fee is based upon the amount of area on each property that does not allow water to absorb into the ground, such as driveways, patios, and rooftops. Stormwater rates and fees pay for the operating, maintenance, repair and replacement costs of the stormwater system. No sales taxes are used for this work.

City of Arvada

Enabling Legislation:

Ordinance No. 4818

The City does not make a profit on these services or use the funds generated for anything other than providing stormwater ervices.

Increases in rates are due to higher pricing for materialsand the increasing need for rehabilitation and replacement of system infrastructure.

NOTES:

The City maintains, rehabilitates, and replaces existing stormwater structures, funds construction of new drainage facilities, and conducts stormwater quality monitoring and permitting.

Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 3,227,577 $ N/A 2014 3,224,066 $ N/A 2015 3,348,154 $ 3.8% 2016 3,337,042 $ -0.3% 2017 3,450,144 $ 3.4% 2018 3,464,745 $ 0.4% 2019 3,635,577 $ 4.9% 2020 3,852,729 $ 6.0% 2021 3,874,417 $ 0.6% 2022 3,913,691 $ 1.0% 2023 (R) 4,014,289 $ 2.6% 2024 (B) 4,094,574 $ 2.0% 2025 (F) 4,176,466 $ 2.0% 2026 (F) 4,259,995 $ 2.0% 2027 (F) 4,345,195 $ 2.0% 2028 (F) 4,432,099 $ 2.0% 2029 (F) 4,520,741 $ 2.0%

Actuals

Current

Budget Forecast $$500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Enterprise Fund Revenue: Solid Waste

47.738010.44091

Current Rate:

Vary depending on service level selected. Minimum billing of $5.28/month: $4.40 goes to Republic and .88 goes to the City.

The City partners with Republic Services to offer trash and recycling services, and also offers large item clean up and recycling events to residents.

City of Arvada

Enabling Legislation:

Ordinance 4733 (adopted 6/15/2020)

The City does not make a profit on these services or use the funds generated for anything other than providing waste hauling and recycling services.

The revenues support the costs of the waste and recycling program, including the waste hauler contract, bulky item and leaf recycling drop off events, 2 employees , office space, billing-system upgrades and postage.

NOTES: Arvada City Council approved the formation of a City of Arvada Waste Hauling program in 2020. The program started on July 5, 2021. Monthly Fees effective 8/1/2023:

$20.34 - 95 gal cart and 95 gal recycling cart

$16.06 - 65 gal cart and 95 gal recycling cart

$11.79 - 35 gal cart and 95 gal recycling cart

$5.28 - min service (choose your own hauler)

Additional Fees:

$3.08/month for an additional recycling cart

$4.27 for an additional trash cart

$3.62/tag for additional trash bags

$15.53 for bulky item pickup

Oracle Account(s): Description: Collecting Entity:

Special Use Restrictions: Budget Rationale: History Year Dollars YoY % 2013 N/A N/A 2014 N/A N/A 2015 N/A N/A 2016 N/A N/A 2017 N/A N/A 2018 N/A N/A 2019 N/A N/A 2020 N/A N/A 2021 2,050,955 $ N/A 2022 4,282,548 $ 108.8% 2023 (R) 4,185,030 $ -2.3% 2024 (B) 4,331,506 $ 3.5% 2025 (F) 4,504,766 $ 4.0% 2026 (F) 4,707,481 $ 4.5% 2027 (F) 4,895,780 $ 4.0% 2028 (F) 5,116,090 $ 4.5% 2029 (F) 5,320,734 $ 4.0%

Actuals

Budget Forecast $$1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 (R) 2024 (B) 2025 (F) 2026 (F) 2027 (F) 2028 (F) 2029 (F)

Special thanks to the following Finance Department employees for their work on compiling information for this manual, and to the great number of dedicated City of Arvada employees who work every day to ensure the financial health and well-being of the City.

Bryan Archer, Director of Finance

Debra Nielson, Deputy Director of Finance

Vesta Kruk, Controller

Chris Kelly, Senior Budget Analyst

Carolyn Ewing, Budget Analyst

Rocky Sheppard, Budget Analyst

Jenna Belec, Finance Program Coordinator

Steve Milke,Bun Heng, Print Shop

8101 Ralston Road

Arvada, CO 80002