Financial report Fourth Quarter 2018
2018
Finance Department • 8101 Ralston Road • Arvada, Colorado 80002 720-898-7120 • www.arvada.org
Contributors: Bryan Archer, Director of Finance Lisa Yagi, Assistant Director of Finance Chris Kelly, Budget Analyst Sean Kurbanov, Budget Analyst Debra Nielson, Controller Vesta Weinhauer, Accounting Supervisor Arlene Martinez, Executive Assistant
Table of Contents
Table of Contents Overview............................................................................................................................... 2-3 General Fund........................................................................................................................ 4-7 Street Maintenance Fund...................................................................................................... 8-9 Parks Fund....................................................................................................................... 10-11 Special Revenue Funds Tax Increment Funds..................................................................................................... 12-13 Community Development................................................................................................... 14 Arvada Housing Authority................................................................................................... 15 Capital Improvements Projects Fund................................................................................. 16-17 Enterprise Funds Water Fund........................................................................................................................ 18 Wastewater Fund............................................................................................................... 19 Stormwater Fund............................................................................................................... 20 Golf Fund........................................................................................................................... 21 Food Service Fund (Arvada Events)................................................................................ 22-23 Internal Service Funds Insurance Fund.................................................................................................................. 24 Computer Fund.................................................................................................................. 25 Vehicle Fund...................................................................................................................... 26 Print Services Fund............................................................................................................ 27 Buildings Fund................................................................................................................... 27 Arvada Economic Development Association (AEDA)...........................................................28-29 City of Arvada Investment Report...................................................................................... 30-31
1
OVERVIEW
2018 Fourth Quarter Financial Report The Financial Report for the City of Arvada provides an unaudited overview of the major funds and how their revenues and expenditures performed in comparison to budget. This is not meant to be a complete accounting, but rather a quick look at the highlights. The current economic expansion continued through the end of the year. This still represents the second longest expansion on record, over 9 years and 7 months. GDP growth has been steady, but slowed down in the fourth quarter to 2.6% from a 9-month average of 3.3%. Overall, the U.S. economy grew at 2.9%, below the targeted goal of 3% but still in the right direction. Unemployment ticked up to 3.9% on the national level, just a couple of percentage points below where it ended up, 4.1%, the prior year. The stock market responded negatively with all three indices ending the year down for the first time since 2008. The Dow fell 5.6%, the S&P was down 6.2% and the NASDAQ was down 4%. December was a very difficult month, in fact the worst December on record, since 1931. This was after setting all-time record highs for the Dow and S&P earlier in the year. Volatility was back with a vengeance, bringing along uncertainly and uneasiness. The Federal Open Market Committee (FOMC) raised interest rates by .25% at their December meeting. This was the fourth time in 2018 that short-term rates were raised, bringing the target range to 2.25% - 2.50%. The FOMC reported that they are expecting to raise rates one to two more times in 2019. Colorado’s economy continues to rank as one of the best, if not the best, in the United States. Average GDP growth over the past five years has been 2.7%. Unemployment has remained low, ending the year at 3.5%. Bolstered by a well-educated workforce and an increasing population, growth is expected to continue through 2019. Denver was the third hottest housing market for 2018, with median home values at $403,800, average rent at $2,075 and average household income at $76,643. All numbers are well above the national averages. In Arvada, unemployment finished the year at 3.5%, the lowest since before the Great Recession. Median home values continued to rise, up to $417,700, which is a 6.3% growth over the prior year. Average household income is up $72,010 and the number of households now exceeds 45,000. The City finished 2018 in a positive manner. Overall revenues were up over 2017 by 3.3% but this did not come without concern. Sales tax was flat or down for the months of June, August, October, November and December as compared to the prior month in 2017. Overall, sales tax was up 1.3% for the year, but well below the budgeted estimate of 4%. The sales tax categories were split, with eight up and eight down. The growth categories included General Department and Grocery Stores and the loss categories included Telephone Equipment and Office Supplies. The last time the City experienced this type of slowdown in sales tax was in 2009. Other revenue sources also experienced an up and down year. Auto Use tax was down 6% compared to 2017 but had a strong fourth quarter and met its budget. Building Use tax was down over 41% compared to 2017 but also exceeded its budget for the year. Finally, Interest revenue was up over 2% compared to 2017, meeting its budget expectation for the year. Additional information can be obtained on these and other revenue sources on pages 5-6.
2
OVERVIEW
Overall expenditures came in below budget, with the departments working hard to try and maintain service levels with the funding that was allocated. With the continued growth in the City, and the aging infrastructure in the older part of the City, additional challenges continue to arise. Streets, ADA, condition of City facilities and aging parks are areas that will need to be addressed in the very near future. The Street Maintenance fund was able to spend almost $12 million dollars improving the overall system in 2018. The budget was allocated across four large categories with over $4 million spent on concrete, $291,000 on the 50/50 sidewalk repair program, $410,000 on crack seal and over $7 million on asphalt. This level of funding has allowed the City to “tread water” on the streets inventory but there is still a backlog of streets that need additional resources. The Pavement Condition Index (PCI) study was completed in the fall and results will be shared in early spring of 2019. This will help to identify the needs moving forward and should enable Council and staff to put together a plan to address those needs. In the Capital Improvement Projects fund, three projects are highlighted for this quarter. These include the Whisper Creek Community Police Station, West 72nd Avenue and Indiana Street Intersection and the Arvada Holistic Health and Fitness Park. Please take the opportunity to read about these exciting, and very much needed, capital improvements. The utilities funds (Water, Wastewater and Stormwater) all finished the year positive. The growth in population has led to increased water and sewer sales and growth in the stormwater fees. The consistent building activity has grown the number of tap fees, providing budget for the growing capital needs. Ongoing maintenance and large capital projects are in the master plan for the next few years. The City of Arvada and the majority of its operating funds ended 2018 in good financial shape. Revenues came in above budget and expenditures were kept under control. 2019 is projecting to be a year of uncertainty. The FOMC is taking a ‘wait-and-see’ approach to interest rates. The stock market is very volatile, experiencing wide swings on an almost daily basis. The trade war continues with China and no one knows what is going to happen with Brexit. Housing starts, both locally and nationally, are slowing down but are still above historical averages. Politics at all levels are garnering more and more attention as many issues continue to polarize the nation. The next Council Strategic Plan for 2020-2025 will be voted on later in the year, framing the areas and tasks that will require the City’s focus, energy and resources. The City is well-positioned to make the changes that are necessary to keep the community moving forward and to continue to be one of the leaders in local government.
3
GENERAL FUND
General Fund Overview The General Fund pays for the City’s basic services. This includes police, planning, transportation planning, street light maintenance and costs, building activity and general administration. In addition, the General Fund also provides for the following: • Operational support to the Parks Fund and Arvada Economic Development Association • General Debt Service payments • Transfer to the Capital Improvements Fund for new parks, transportation and other infrastructure projects • Grant support to the Arvada Center The following table provides a comparison of budgeted cash balances, revenues and expenditures to budget, including prior year amounts in the same areas.
• General Fund Beginning Fund Balance
2018 Budget
2018 Actual
$44,405,000
$44,405,000
$91,836,256
$94,874,857
$86,344,381
$82,729,116
10,798,734
11,008,542
900,000
900,000
$98,043,115
$94,637,658
REVENUES Total Revenues EXPENDITURES Ongoing Capital JPPHA (Jefferson Parkway Public Highway Authority) Total Expenditures
(6,206,859)
Income/(Loss)
237,199
Ending Fund Balance
$38,198,141
$44,642,199
Goal (17% of Expenditures)
16,667,330
16,088,402
Excess/(Deficit)
$21,530,811
$28,553,797
The General Fund will end with a fund balance of $44 million, $28 million over the Council-required fund balance reserve of 17%. • $1,458,158 of this balance will be used for projects not completed in 2018. • $2,000,000 of this balance will be used for JPPHA funding. • $375,000 of this balance will be used toward additional one-time items. • $1,100,000 of this balance will be used for traffic projects. • The remaining balance will be used for ongoing operations, to balance the 10-year financial plan and maintain the Council-required 17% fund balance reserve.
General Fund Ending Fund Balance by Quarter Compared to Fund Balance Goal of 17% of Budgeted Expenditures 60% 50% 40% 30% 20% 10% 0%
4
GENERAL FUND Sales Tax 52.4%
Revenue Highlights
• All
revenue sources, with the exception of general use tax, building use tax, building permits and court fines and fees, were up over 2017. • All revenue sources, except sales tax and use tax, exceeded their budgets. • Building use tax and building permit revenues decreased $5,037,615 or 41.7% from 2017; however, this revenue category has still exceeded budget by $2,390,353 for 2018. • Court fines and fees decreased $303,359 or 16.8% from 2017. • Major revenue categories of sales tax, use tax, property tax, building and intergovernmental revenues are discussed in more detail in the “Revenue Highlights” section.
2018 ACTUAL GENERAL FUND REVENUES
Property Tax 6.7%
Use Tax 1.5% Auto Use Tax 8.1%
Other 17.1% Interest 1.0%
Sales Tax
Franchise Fees 4.5%
Court Fines & Fees 1.5%
Building Use Tax & Permits 7.2%
Sales Tax Collections
• Sales tax is up 1.3% from 2017; however, the budget was based on a 4% increase, leaving a shortage of approximately $1,374,000. • 8 of the 16 categories are up from 2017, with the largest categories being general department and grocery stores. • 8 of the 16 categories are down from 2017, with the largest categories being telephone equipment and office supplies. It should be noted that in 2017, there were no categories that decreased. • 5 of the 13 sales tax geographical areas saw an increase in 2018 compared to 8 areas in 2017.
$60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 Sales Tax
2014 $43,211,510
Use Tax Building Use Tax • Building use tax decreased 41.7% compared to 2017, reflecting the continued slowing of building permits. • Building use tax budget is based on an annual average number of permits; therefore, actual receipts exceeded the budget by approximately $1,658,000. • Excess use tax will be used to offset revenue shortfalls and fund one-time expenditures in 2019. Auto Use Tax • Auto use tax decreased 6.1% compared to 2017. • The budget of $8,000,000 anticipated a decrease in auto use tax. • Actual receipts of $8,022,000 are slightly more than budget. General Use Tax • General use tax is down 19.3% from 2017. • Actual receipts are $203,000 less than budget.
2015 $45,642,944
2016 $48,111,671
2017 $50,986,986
2018 $51,651,504
Use Tax Collections $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 General
2014 $1,533,818
2015 $1,598,995
2016 $1,312,887
2017 $1,811,571
2018 $1,462,398
Auto
$5,982,520
$6,973,208
$7,162,404
$8,540,345
$8,022,544
Building
$4,431,197
$5,215,500
$6,799,066
$7,007,517
$4,088,460
Building
5
Auto
General
GENERAL FUND
Property Tax
Property Tax Collections
• The
City’s property tax rate is 4.31 mills per $1,000 of valuation. • The mill is placed on the assessed valuation. • Property tax is up 16.2% from 2017 due to the increase in assessed valuation and new growth.
$7,000,000 $6,500,000 $6,000,000 $5,500,000 $5,000,000 $4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Property Tax
2014 $4,600,995
Intergovernmental Revenues
2015 $4,668,082
2016 $5,583,064
2017 $5,654,004
2018 $6,568,030
Intergovernmental Revenues
• Highway Users Tax Fund (HUTF), the City’s share of state-
$7,000,000
collected gas tax revenue, is up 24.1% from 2017, due to a onetime allocation from the State of approximately $1,100,000. These funds will be used for specific road-related capital expenditures. • Road and Bridge funds, the City’s share of property tax collected by Jefferson County & Adams County and dedicated to the maintenance of roads and bridges, is up 3.9% compared to 2017.
$6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 HUTF Jefferson County
2014 $3,949,386
2015 $4,134,398
2016 $4,123,134
$730,239
$734,993
$799,693
Jefferson County
2017 $4,182,792
2018 $5,203,928
$870,641
$904,281
HUTF
95% of businesses are voluntarily compliant with City tax codes
6
GENERAL FUND
Miscellaneous .4%
Expenditure Highlights
Transfers 29.3%
• Total expenditures showed a savings of approximately
Personnel 42.9%
2018 ACTUAL GENERAL FUND EXPENDITURES
$3,400,000. • Carryovers of $1,458,158 make up a portion of this savings. • Overall expenses decreased $963,286 from 2017. Debt Service 4% Contracts 6.0%
Supplies and Expenses 5.6%
Services and Charges 11.7%
Salary and Benefit Salary & Benefits
2018 Budget
Salaries & Wages
$33,019,385
Vacancy Savings
$30,648,227
(1,484,382)
Overtime
• The increase in Temporary Wages is due to additional
2018 Actual -
970,161
909,739
Group Insurance
6,633,126
5,712,538
Retirement
3,581,623
3,474,843
Medicare
447,461
420,321
Temporary Wages & SS
557,961
647,755
Other
432,996
446,744
$44,158,331
$42,260,168
Total
positions needed for the computer replacement project. • The increase in Salaries and Wages is due to a lower vacancy rate in 2018 versus 2017.
6% or less annual healthcare premium increases over the previous year (goal changed to 6% from 8% effective 2018)
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AVE.
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67TH
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ST.
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MAN
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CT. TABOR
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ST.
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UNION
TABOR TABOR CT. ST. SWADLEY CT. SIMMS CT.
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ST.
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ST.
KE
CT
76TH
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.
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CT.
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CT.
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FIG ST.
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ST.
AVE. AVE.
XAVIER
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CT
CR.
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VIVIAN
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W. 68TH
SHERIDAN BLVD.
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ST.
CT.
CT.
CT.
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ST.
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MC MOSS INTYRE CT. ST.
T
.
D
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T.
ER
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DATE 5/7/18
LIS
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CT
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UM
CT
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PROJECT NO. 18-ST-10 2018 - CONCRETE REPLACEMENT
PL.
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63 DR. AVE.
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ST.
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ST.
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.
CR ES
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78TH PL.
CK
BY
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H
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S
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FIG
GLADIOLA
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PL
ST.
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ST.
TERRY
SE
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W.
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W. 64TH AVE.
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ST.
WAY
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YARROW ST.
LAMAR PL.
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ST.
TH
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DR.
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ST.
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BALSAM
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CT. ISABELL ST. INDIANA INDIANA
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COORS
.
KENDRICK PER LN. ST. JUNI PER CT. CT.
JUNI
ST.
(CSH 72)
DEVINNEY
CT
PL.
CHASE
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MARSHALL
INGALLS
FENTON
HOLLAND CR.
ST
LEE
IRIS CT.
ZANG
ZANG
ZINNIA
OWENS
W
BR AU N BE CT EC ARBUTUS . H ARBUTUS CT CT. . ALKIRE
SWADLEY ST.
PIERSON ST.
OWENS ST.
E
CT.
ISABELL
JOYCE
CT.
CT.
ST. KILMER RICK KEND LN.
CT.
69TH
PL.
ST.
JAY ST.
PL.
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ST.
ST.
ST.
ST.
OTIS ST.
REED
CT.
REED
ST.
PARFET ST.
IRIS
TAFT ST.
URBAN
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ST.
VIVIAN
URBAN
CT.
DEFRAM
WARD ROAD
WELCH
ST.
DEVINNEY CT.
WELCH
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QUAIL ST.
WELCH ST.
WELCH CT.
ST. ALLISON ST.
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SS
.
ST.
ALKIRE CT.
PL.
ST
WRIGHT ST.
MILLER
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ST.
ST.
G
CT. NEWCOMBE
ZEPHYR ST.
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N
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YOUNGFIELD
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ESTES
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DEFRAME
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E KILMER .
ORION CT.
ARD
NOBLE
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POPPY
.
W. 74TH
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DOVER
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ST.
CT.
ST.
DEVINNEY CT.
DEFRAME
FIG
66 AVE. 75TH
AMES
ST.
ALLISON
DEVINNEY
ELDRIDGE ST.
FIG ST.
HOLMAN ST.
A V
LUPIN E
CT.
ST
75TH
77
ST.
OAK
OAK
PARFET ST.
NELSON ST. MOORE
ST.
65 AVE.
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SA LV IA
SECREST
EA TO N
ST.
CT.
ST.
ST.
ST.
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MS
CT.
CR.
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67 AVE.
WY.
CHASE
WY.
CT.
ORION
KENDRICK DR.
GARDENIA ST.
ES T
QUAKER ST.
POPPY ST.
PIKE CT.
CR
68TH
AVE
DEPEW
CT. UNION
URBAN ST. UNION
MOSS CR.
MCINTYRE
MCINTYRE ST.
COORS COLE LN. BRAUN LN.
YANK
URBAN CT.
62ND
ST.
ST.
ST.
WY.
.
SE
CR
W.
ST. EATON
ST. LAMAR
AVE.
W.
FENTON
WY.
MARSHALL
CT.
ST.
OTIS
REED
ST.
WEBSTER
OLDE
ST.
ST.
W. 61ST 71ST
SHERIDAN F.R.
ST.
ST.
ST.
ST.
CT.
ST.
ST.
CT.
CT.
ERS
QUAKER CT.
BRAUN WY. BEECH CT. ARBUTUS ST.
(CSH 72)
SI M
AVE.
GRAY
ST.
ST.
CT.
PL.
HARLAN
INGALLS INGALLS CR. ST.
JAY ST.
ST.
ST.
CT.
R .
YANK
DR.
INDEPENDENCE
WAY
ON
C
63
W. 71ST
TH
SHERIDAN F.R.
LL IS
ST.
JE
.
ST.
.
WRIGHT
PARFET CT.
ST.
NEWLAND
60TH PL. AVE.
SHERIDAN F.R.
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ST.
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CT.
ST.
ST.
E
BRAUN CT.
ST.
PL
A V
HOLMAN
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T
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.
CR
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AVE.
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CT.
.
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ALLISON
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BALSAM
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VAN
HOYT
HOYT
CARR ST.
CODY
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DUDLEY
DUDLEY
ESTES
ST
IRIS
NNEY
.
CT
.
SE
CT
PL.
T
FENTON ST.
ST.
ST.
BALSAM PL.
FLOWER
FIELD
ESTES
EVERETT
ST.
HOLLAND
GARLAND
GARRISON
ST.
CR.
AVE.
AVE.
PL.
ST.
GRAY
ST.
CT.
CODY
BRENTWOOD
LEE
KLINE
ST.
ST.
ST.
CT.
ST.
CT.
W. 61ST
E.
ST.
56 PL.
PL.
71S
ST.
ST.
MARSHALL
REED
ST.
SAULSBURY
ST.
LEWIS ST.
LEWIS
MILLER
CR
DE VI
PK
WY.
62
PIKE ST.
ROGERS ST.
McINTYRE
RE CT .
IN TY
TERRY ST. SECREST WY.
PL.
AV
GRAY
AVE.
CT.
HOLLAND ST.
ST.
LEE
ST.
AVE.
KENDALL
MILLER
MOORE
ST. NELSON
Mc
W. 62ND
H FENTON CT. CR. CR.
4800 W. WOLFF
W. 52ND 67 72ND CHASE
4900 W. XAVIER
54TH
F.R.
W.
65T
HARLAN
UPHAM
ST.
ST.
ST.
ST.
TELLER ST.
MARSHALL
W.
GRAY CT.
NOLAN NOLAN CT. ST. NEWLAND WY. MARSNEWLAND HALL ST. ST. ST.
DR.
MARSHALL
CT.
QUAY ST. CT. PIERCE ST. COLUPIERCE MBINE CT. OTIS ST. OTIS CT.
ST.
VANCE ST.
SAULSBURY
CT. REED
GRANDVIEW
63
W.
PL. 82
5000 W. YATES
NOLAN ST.
QUAY
REED
CT.
WEBSTER
YUKON
YARROW
ALLISON ST.
ST.
ST.
OWENS
ORION CT.
JOYCE
QUEEN CT.
CT. NEWCOMBE
DOVER DOVER ST. CT. GLEN-
ST.
PIERSON
PIERSON
PA RFET CT. PARFET
CT.
TAFT CT.
QUEEN ST.
QUAIL
QUAIL
ST.
ST.
.
ORCHARD CT. NOBLE LN.NOBLE
ALKIRE CT. ZINNIA
CT.
N
VIVIAN CT. VIVIAN ST. VAN GORDON ST. URBAN CT. URBAN ST. UNION
NEWCOMBE
NEWCOMBE
58 68 CR.
75TH
74
PL.
5100 W. ZENOBIA
TH
AMMONS
ZEPHYR
ST.
ST.
DOVER
ST.
CT.
ST.
ST.
AU
CT .
BR
R.
CT.
KIPLING ST.
FALK CT.
ST.
CT.
CT.
ST.
WELCH
WRIGHT
XENOPHON ST. XENON
CT. YOUNGFIELD ST.
YANK
CT.
D
NELSON
EVERETT ST.
ST.
ALKIRE
VIVIAN
CT.
WY.
COO RS CT. COLE
CT.
ZINNIA
60TH W. 68TH
RD 80TH
5200 W. SHERIDAN
OR
REED
CODY
BALSAM
Y.
ST. ELLEN DR.
DUDLEY
ESTES
BRENTWOOD BRENTWOOD ST. ST.
OLDE WADSWORTHBLVD.
SW
FIELD
ST.
ST.
OAK
ST.
CT.
PARFET
ST.
PIERSON
PARFET
OWENS
QUAIL
EY
CT.
DEVINNEY
DEFRAME CT.
VIVIAN
ROBB
ST.
E.
61ST
PL. 69
W. PL.
ES
5300 W. AMES
PL.
NEWLAND ST.
CT.
PKW
.
RO BB
ST
QUEEN ST.
ROUTT
CT.
SWADLEY
TAFT
TAFT
UNION
URBAN
URBAN
VAN GORDON ST.
AV
ELDRIDGE ST.
WARD ROAD
ZANG CT.
ZINNIA CT.
P
ER
POPPY CT
QUAKER ST.
ST
63 PL.
W.
AM
5400 W. BENTON
PL
PIERCE ST. OTIS ST.
ST.
ST.
ST. GARRISON
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ING
ST.
WAY
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O
LM
LN.
AVE. PL.
DR.
76 .
5500 W. CHASE
CT.
CT.
ZEPHYR CT. ZEPHYR ST. WATER TOWER PROMENADE
ST.
SAULSBURY CT.
AD
CT.
ST.
CT.
ST
SIMMS ST.
OAK
KIPL
ST.
GARLAND
DOVER
BALSAM
DOVER ST. CODY ST.
.
FIELD ST.
DUDLEY
ESTES
CT.
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FIELD CT.
FLOWER
GARRISON
GARLAND
HOLLAND
HOYT DR.
OAK CT
LEWIS
PL.
W.62ND
. AVE.
W.
. NT
5600 W. DEPEW
W
REED ST.
QU AIL ST .
TABOR
ELLIS CT.
LO
KI
LOOP
AVE.
AVE
INGALLS ST.
ST.
QUAY
QUAY
TELLER ST
ST.
VANCE
ALLISON
BALSAM
EVERETT ST. ESTES ST.
AIL CT .
QU
CT.
DR.
64 DR.
75
DR TH AY GR
5700 W. EATON
ST.
ST.
CR.
ESTES
CODY ST.
CR. FIELD ST.
CR. FIELD
ST FLOWER
GARLAND ST.
GARRISON
ST.
.
CT.
TAFT ST.
TABOR
FLORA
H
WY.
QU
AVE. PL.
AVE.
73
77
5800 W. FENTON
ST.
W.
HOLLAND ST.
ST.
ST.
IRIS
ST.
LYNN
JELLISON
JOHNSON
TH
RD.
67TH AVE.
. AVE H 75T INGALLS CT.
5900 W. GRAY
CT.
AMMONS
CARR ST.
DOVER
DUDLEY
OAK
R
WARD WAY
FIG CT.
60T
CR.
NILE
W.
TH
W.
6000 W. HARLAN
HOYT
52
58 PL.
W. WY.
AVE.
6100 W. INGALLS
ST
INDEPENDE NCE
53RD
65 W.71ST
6200 W. JAY
JELLISON CT. JELLISON ST.
HOYT CT.
PARFET
SANDRA WY.
ST.
PL. W. 53RD CR. PL.
6300 W. KENDALL
ST.
ST.
ST.
NELSON
C
TAFT
YANK ST.
WY.
RALSTON 67
6400 W. LAMAR
LEE ST.
CT.
ST.
ST.
NEWCOMBE ST. ST.
OAK
OWENS
PARFET
WY.
UNION
ST.
.
W.57TH
YOUNGFIELD ST.
WY.
FIG
W.
MCINTYRE CT.
TERRY
W.
6500 W. MARSHALL
OAK ST.
CT.
TABOR
W
ST.
LV
WY.
6600 W. NEWLAND
Y
EVERETT ST.
ST.
TAFT
UNION CT.
ST.
McINTYRE ST.
NOBLE
SA
CT IA .
63
6700 W. OTIS
XENON
JOHNSON
IRIS
WY.
YOUNGFIELD WY.
YANK
ST.
ST.
ST.
ALKIRE
ST.
BRAUN
ST.
KIPLING ST.
ST.
BEECH
ARBUTUS
VIVIAN ST.
QUAIL
ST.
BRISTOL
COORS
KIPLING CT.
MILLER ST.
SH 72)
JOYCE ST.
POPPY CT.
SALVIA LN.
RUSSELL RUSSELL LN. CT.
PL.
6800 W. PIERCE
ST.
GLADIOLA
NILE ST.
KILMER ST.
HOWELL ST.
PIKE ST.
ORCHARD CT.
NORSE ST.
KENDRICK CT.
ORCHARD ST.
DEFRAME ST.
ELDRIDGE
D CT.
54
6900 W. QUAY
EASLEY RD.
W.
7000 W. REED
7100 W. SAULSBURY
7200 W. TELLER
7300 W. UPHAM
7400 W. VANCE
7500 W. WEBSTER
7600 W. WADSWORTH
7700 W. YUKON
7800 W. YARROW
7900 W. ZEPHYR
8000 W. ALLISON
8100 W. AMMONS
8200 W. BALSAM
8300 W. BRENTWOOD
8400 W. CARR
8500 W. CODY
8600 W. DOVER
8700 W. DUDLEY
8800 W. ESTES
8900 W. EVERETT
9000 W. FIELD
9100 W. FLOWER
9200 W. GARRISON
9300 W. GARLAND
9400 W. HOLLAND
9500 W. HOYT
9600 W. INDEPENDENCE
9700 W. IRIS
9800 W. JELLISON
9900 W. JOHNSON
10000 W. KIPLING
10100 W. KLINE
10200 W. LEE
10300 W. LEWIS
10400 W. MILLER
10500 W. MOORE
10600 W. NELSON
10700 W. NEWCOMBE
10800 W. OAK
10900 W. OWENS
11000 W. PARFET
11100 W. PIERSON
11200 W. QUAIL
11300 W. QUEEN
11400 W. ROBB
11500 W. ROUTT
11600 W. SIMMS
11700 W. SWADLEY
11800 W. TABOR
11900 W. TAFT
12000 W. UNION
12100 W. URBAN
12200 W. VAN GORDON
12300 W. VIVIAN
12400 W. WARD
12500 W. WRIGHT
12600 W. XENON
12700 W. XENOPHON
12800 W. YOUNGFIELD
12900 W. YANK
13000 W. ZANG
13100 W. ZINNIA
13200 W. ALKIRE
13300 W. ARBUTUS
13400 W. BEECH
13500 W. BRAUN
13600 W. COLE
13700 W. COORS
13800 W. DEFRAME
13900 W. DEVINNEY
14000 W. ELDRIDGE
14100 W. ELLIS
14200 W. FIG
14300 W. FLORA
14400 W. GARDENIA
14500 W. GLADIOLA
14600 W. HOLMAN
14700 W. HOWELL
14800 W. INDIANA
14900 W. ISABELL
15000 W. JOYCE
15100 W. JUNIPER
15200 W. KENDRICK
15300 W. KILMER
15400 W. LOVELAND
15500 W. LUPINE
15600 W. MCINTYRE
15700 W. MOSS
15800 W. NILE
15900 W. NOBLE
16000 W. ORCHARD
16100 W. ORION
16200 W. PIKE
16300 W. POPPY
16400 W. QUAKER
16500 W. QUARTZ
16600 W. ROGERS
16700 W. RUSSELL
16800 W. SALVIA
16900 W. SECREST
17000 W. TERRY
YS
R.
17100 W. TORREY
AVE. 69 W.70TH
PL.
E
A
PL.
53
AVE. FRONTAGE RD. W.71ST
PL.
BE
B
W. 68TH AVE. 70TH
70TH
DR.
TH
AS
BI NO
E. PL.
72ND W. 75T
H W.79
CH
.
AV
55 AVE. 69
DR. 80TH
N TO FEN CT.
ZE
RD
RENO TH PL.
5TH W. 80TH PL
CR
WAY PL.
W. AVE.
.
ROBINSON W. 72ND 79TH
. 83RD
ST
53
AVE. 68TH W.
PL.
80TH 81 PL. W.
S
AVE.
56 69
CR. POMONA DR. TH
TE
W.
55TH W.
AVE.
81 84
YA
AVE. W. 69TH
W. 72ND CT.
CR
PE DE
ST.
LN.
AVE. AVE. AVE. DR.
PL. 81
N TO
WOLFF
53
59TH
AVE.
ON
ON STREET TENNYS
AVE.
WEBSTER ST.
AVE W.73RD PL.
AVE. W.
E
AVE.
W.
AVE.
62ND PL. LAMAR
PL.
EA
IV
DR.
PL. 70TH
W. 73RD
D
DR
W. 54TH
AVE.
60TH 71ST KENDALL
CT.
NT FE
E
54
AVE. 72 PL. W.74TH
W.7 ALLS
82
K
AVE.
RENO
59TH
61ST PL. W.78TH
W.78TH
DR.
E.
R
52ND
GRANT
W.
W. W. 74TH
DR. 82
PI
PL.
57TH
DR.
63 76TH W.77TH WAY
AV
RN
51ST
W. 55TH
AVE.
AVE. AVE.
75TH
W.
88T
VE
AVE.
WAY
62ND
REED W.
84 PL. AVE .
H
TU
UL
PL.
N
W. MARILYN JEAN DR.
AV.
PL.
W. 82ND
86T
DE
W. 51ST
RD.
ANN PL. PL. 80TH PL.
-
PL.
E
58TH
61ST AVE. 75 PL.
84TH
36
AVE.
54 LN. 54
61ST AVE.
E. W. 83R
.
Y
W.
64 AVE.
AVE.
Y JA . CT .
81
52
RIDG
AVE.
AVE.
W. PL. 78
PL
HW
53RD
DR.
BARBARA
66TH 68TH PL. CR.
83 RD WY .
GRAY
PL.
W.
AV AVE.
77
83 PL RD TH
DEPEW ST.
AVE.
ROBINSON
60
65 69 AVE. 71ST
PL.
DR. .
CT
ST.
54TH
LANE W. 74TH
. 85
. CT
PL.
RENO
YARROW
AY
D
59TH
PL.
74TH
. .
L
.
51ST
53RD
ST
AVE.
67TH
67TH
W.
ST DR
AL
GR
AVE.
62ND 62ND
W.
W. 68TH
PL MARSHALL CR.
W.
PL
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53
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Not Done
55 PL.
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Oberon Rd Not Done
AVE.
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53 PL.
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PL.
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W
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59TH
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ST.
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AVE.
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PL.
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60TH
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67th PL.
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PL.
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ND
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ST.
FIG
ST
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59TH
CR.
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RK
LS
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PL.
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PL.
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PL.
.
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.
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ON
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PL.
63 PL. 63 CR. 62
79 TH 85
CT
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CT.
W. 58TH
63
64
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W.
ER
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.
60 68TH AVE.
68TH AVE.
ST 74TH
78 PL. 85 AV E.
E
62 PL.
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W.
PL. 64
CR. W.68TH
71 W.
AV
BRAUN PL. CR.
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69
DR . W.
DR 82ND
Y. W
63 WY. 63 PL.
65
AVE.
TH AVE.
PL. 75TH
77 PL.
LL
.
514,806 281,704
Other 103,202 84,455
$12,218,008 $11,890,812
extra work picked up from the 50/50 Program done by City Concrete Crews and having to replace some additional concrete on the 100% Concrete Replacement program. • The increase in crack seal spending over 2017 was due to increasing the number of streets and contract costs. Crack seal projects for nearly 400 street segments throughout the City were completed in 2018. • The 50/50 Program projects were not contracted out and work was performed in-house by the Streets program Concrete Crew. However, citizens’ voluntary participation in the 50/50 Program has been lower than projected.
297,988
MI
ET
50/50 Program
(1,986,807)
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.
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.
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ET
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$ 9,775,656
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59TH
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77TH 81 W.
CT
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BB
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W. 81STPL.
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2018 Actual
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PL.
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REVENUES 2018 Budget
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W. 82ND DR.
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PL. AVE.
82 AVE.
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• The increase in concrete replacement spending relative to 2017 was due to the
$
URBAN
TH
(CSH
W. 65TH
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62
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4,110,357
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PL.
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PL.
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PL.
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AV AVE.
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Concrete Replacement
66
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67
70T 74TH
CT.
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WILM AVE OT .
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FIG
CR.
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W.
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\\isys.arvada.org\engr\Apps\GIS_Data\MXD\Public_Works\Streets\Maintenance\2018\18ST10 - Concrete Replacement CO 1 - As-Built.mxd
STREET MAINTENANCE FUND
Street Maintenance Fund
Overview
The Street Maintenance Fund accounts for costs associated with street repair and replacement including crack sealing, chip sealing, seal coating, milling and overlay and reconstruction. Revenues are derived from the City’s General Fund and the Highway Users Tax Fund which is the City’s share of state-collected gas tax revenue.
Revenue Highlights
• Revenues consist of a transfer from the General Fund, payments from participants in the 50/50 Sidewalk Replacement program, and street degradation fees.
Expenditure Highlights
• Asphalt replacement spending increased in 2018 compared to 2017 due to surface treatment projects requiring a change from Mill and Overlay to Reconstruction.
Concrete - 2018 Projects Completed
AVE.
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Not Done 76
SHEET OF
ON F.R. RALST W. 73RD AVE.
72ND DR.
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68TH PL.
W. 69TH DR.
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61ST AVE.
AVE.
W. 52ND AVE.
76
ENGINEER
S. HOERIG
DRAWN BY
C. KELLEY
1/7/2019
DATE
1 OF 1
4
3
2
1
NO.
STUART PL.
ZENOBIA COURT XAVIER
ZENOBIA STREET
(CSH 95)
ET ST.
PARF
PIERSON WY.
ST.
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MARSHALL
STUART STREET
8101 Ralston Road Arvada, Colorado 80002 Phone 720-898-7640
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ST CT. .
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Public Works Department Engineering Division
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ER
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84 FIG ST. CR.
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LL
TZ
O
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LO
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CT.
KLINE JO H N SO CT N HN . SO ST N . IS ON
JO LL
ON
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CT
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IS
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.
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QUEEN
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QU
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3RD AVE.
RU
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C
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BY
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BR AU
BE CT EC BU . H TU S
AL KI RE CT. ST CT . .
AR
Y
DEFRAME
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KENDRICK
CT
QUARTZ ST.
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UL
CT.
VIRGIL
78TH PL.
61ST DR.
NA
UNO
61 . DR DR.
XAVIER
AVE.
CHASE
.
.
ST.
ST. PIERSON PIERSON ST.
ST.
ES
DU DL EY
DO VE R
ROBB ST.
ST.
URBAN DR. UNION CT.
ZINNIA ST.
ST.
CT.
S CT. BRA UN
COOR
AM E
BRAUN CT. BEECH CT.
W. 74TH AVE.
XAVIER
63 75TH
63 AVE.
WINONA
63RD 79TH AVE.
AVE.
PL.
CT. VRAIN
61 PL.
AV.
61ST
WOLFF
W.
DEPEW
CT.
TH
DR.
CT.
CT.
.
ST
ST.
ST.
ST
ST
ST.
ST.
DR.
ESTES
DOVER
ST. OTIS
PIERCE ST.
ST.
INGALLS
ST.
ST.
INGALLS
JAY
KENDALL
LAMAR
NEWLAND
MARSHALL
CT.
ST.
OTIS
OTIS
ST.
ST.
HOYT CT.
SIMMS ST.
ROUTT
UNION
CT.
FR
N EY CT.
DE
E VI N
PL.
CT.
W.78TH AVE.
ZENOBIA CT. YATES CT. XAVIER
W. 64TH AVE. BENTON
DEPEW
SAULSBURY ST.
ST.
HARLAN
EATON
FENTON
GRAY
CT.
ST.
ST.
ST.
WEBSTER
ST.
ST.
IRIS CT.
IO N
QUEEN QUEEN ST. CR.
QUAIL
JELLISON CT.
ST.
IRIS
.
AVE.
DR.
ST.
ST.
S
CT.
ST.
YARROW ST.
ZEPHYR
ALLISON ST.
AMMONS ST.
ST
LEE
ET
SWADLEY
CR.
INDEPENDENCE CT. INDEPENDENCE
FLOWER
AVE. 69TH
ST.
OTI
CARR ST.
ST.
ST.
JOHNSON
GARLAND
ST.
FLOWER ST.
ST.
OAK
WA Y
RF
CT.
CT.
CT.
CT.
D
CR.
ELL
PL.
TH
AVE.
SHERIDAN BLVD.
REED
CT.
ST. ST.
CT.
GARLAND ST. ST.
ST.
ST.
ST.
NEWCOMBE ST.
GARLAND
FIELD
OAK
PA
UN
CT.
71ST PL.
PL.
ST.
DEPEW CT.
TELLER
SAULSBURY
WAY
SCHNEIDER
UPHAM
ST.
EVERETT
DOV ER
ST.
QUAIL ST.
OWENS
SWADLEY CT.
CT.
CT. TABOR
Y.
W. 71ST AVE.
AVE.
O
AVE.
63
TH
UTICA
AVE.
AVE .
BENTON ST.
ZEPHYR ST.
ST.
ST.
INDEP.
ST.
ROBB CT. QUEEN ST.
W
FT ST .
TA
VAN GORDON
VIVIAN
WELCH
WRIGHT
ST.
BEECH CT.
XENON
BEECH
COORS CT.
DEFRAME CT.
DEVINNEY CT.
ELLIS ST.
RICK
CT.
77
75T H
CHASE
ST.
ST.
ST.
ST.
ST.
LEE
JOHNSON
IRIS ST.
MAN
LEWIS ST.
MILLER
ROUTT ST.
TAFT
ST.
ST.
KEND
WY. JU W NI Y. PE R
CK
ISAB
MCINTYRE ST.
LUPINE ST.
.
RI
ST
ND
NILE ST.
POPPY ST.
TERRY SECREST
CT.
AMES
W. 61ST PL.
EATON CT.
ST.
ST.
EVERETT
ST.
NEW
NELSON MOORE
CT.
PIERSON
TABOR TABOR CT. ST. SWADLEY CT. SIMMS CT.
CR. TAFT CR.
ST. TAFTCT.
UNION
CT.
ST. URBAN
ST.
ST. FLORA ST.
ELDRIDGE CT.
ELLIS
FIG ST.
ST. GARDENIA
KE
QUARTZ ST.
POPPY WY.
ORION ST.
AVE.
77
ST.
PL.
FENTON
GRAY
INGALLS
INGALLS
JAY
KENDALL
ST.
GARLAND ST.
CT.
GARRISON
FIELD
YARROW ST. YUKON
LAMAR PL.
MARSHALL
IRIS
INDEPENDENCE WY.
INDEPENDENCE
CT.
N
CT. WELCH CT.
WY.
CT.
BRAUN CT.
WRIGHT
XENON ST.
BEECH DR.
VAN GORDON
CR.
URBA
TAFT ST.
TAFT CT.
COORS
ST.
CT.
GLADIOLA
FLORA CT.
CT.
FIG
ELDRIDGE
COORS ST.
VIVIAN
CT.
WRIGHT
QU EEN ST.
67 AVE.
WY.
BENTON ST.
JAY ST.
OTIS ST.
NEWLAND
WAY
KIPLING
ST.
ST.
CT.
CT.
ST.
DEVINNEY
CT.
HOLMAN ST.
HOWE LL ST.
ST.
.
SALVIA CT.
RD PL.
WINO
ENNYSON ST.
55TH 66
DEPEW
ST.
ST.
ST.
ST.
REED
AMMONS
CT. ST.
CT.
CT. ISABELL ST. INDIANA INDIANA
ISABELL
.
MC MOSS INTYRE CT. ST.
CR.
TH
CHASE
REED
CT.
SAULSBURY ST.
ST.
QUAY
OWENS
BRENTWOOD BRENTWOOD CT. ST. BALSAM
D.
JUNI
KEND
ST.
PL
ST.
ROGERS
CT.
RUSSELL
ST.
VIR GIL CT .
WINDY ST.
YANKEE ST.
ZINN
AVE.
4400 W. TENNYSON
W. 55TH AVE.
75TH
ST.
YUKON ST.
SS BYPA
ST. ST.
.
ST.
UNION
SWADLEY ST.
KLINE
ST. ALLISON ST.
YARROW ST.
ZEPHYR ST.
YUKON CT.
WADSWORTH
HOLLAND CR.
ST
LEE
IRIS CT.
IRIS
TAFT ST.
PIERSON ST.
OWENS ST.
ST.
YNFL
ST.
.
RICK LN. KENDRICK PER LN. ST. JUNI PER CT. CT.
KILMER
CT.
CT.
(CSH 72)
68TH
76 CR.
66TH
4500 W. UTICA
59TH
ST.
ALLISON
ST.
XENON
ST.
YOUNG
CR.
ST. CT.
ARD
ST .
FENTON CT.
.
DEPEW
BALSAM ST.
ST.
URBAN
PARFET ST.
MILLER
VIVIAN
URBAN
TABOR
CT. NEWCOMBE
WELCH
WELCH
ZANG
CT.
W . BR AU N BE EC CT ARBUTUS . H ARBUTUS CT CT. . ALKIRE
ZINNIA ZANG
WARD ROAD
VAN GORDON
QUAIL ST.
WELCH ST.
EVERETT
DUDLEY
AMMONS DR.
WRIGHT ST.
WELCH CT.
NEWCOMBE
EVERETT CT.
ESTES
DOVER
ST.
YOUNGFIELD
.
PL. ST
ST.
ALKIRE CT.
CT.
DEFR AME
CT.
CT.
ISABELL
JOYCE
CT. PIKE CT. ORION CT.
NOB LE CT.
ORCH
IA
POPPY
LV
CT
ET
CT.
OL
74 PL.
AV E.
65
4600 W. VRAIN
55 PL.
EA TO
SHERIDAN F.R.
W. 61ST AVE.
ST.
ST.
CR.
NELSON ST. MOORE
ST.
ST.
CT.
ZANG CT. ZA NG
ZINNIA
ARBUTUS ST.
ST.
E. KILMER CT.
DEVINNEY
FIG
E
CT.
SA
SECREST
EY ST . SE CR TERR ES T Y CT
TO RR
VI
WINDY CT.
ST.
60TH
68 TH
4700 W. WINONA
RALSTON RD. F.R.
DR H 80T
W.
XAV
4800 W. WOLFF
W. W.
AY .
62
PL.
4900 W. XAVIER
AVE.
62ND
T PL.
AVE.
SHERIDAN F.R.
ST. LAMAR
OAK
OAK
PARFET ST.
63
FENTON ST. EATON
WY.
MARSHALL
CT.
ST.
OTIS
REED
ST.
WEBSTER
OLDE
ST.
ST.
ST.
W. 62ND AVE.
HARLAN
ST.
ST.
ST.
CT.
ST.
CT.
ST.
ST.
ST.
ST.
ST.
ST.
CT.
CT.
ST.
ST.
PIERSON ST.
PIERSON
INDEPENDENCE
WAY
ON
S
QUAIL
MM
ST.
WY. CT.
COORS ST. COORS ST. COLE CT.
PL.
E.
GRAY
IS
ST.
LL
ST.
SI
CT.
CT. UNION
URBAN ST. UNION
URBAN
AVE.
INGALLS INGALLS CR. ST.
CT.
ST.
ST.
WY.
DEFRAME
DEFRAME
ST.
DEVINNEY CT.
AV W. W. 80TH PL
ES
83R D
SHERIDAN F.R.
W.
TH W.
.
SHERIDAN F. R.
60TH PL.
JAY ST.
ST.
PARFET CT.
YANK
DEVINNEY
ELDRIDGE ST.
FIG ST.
GARDENIA ST.
HOLMAN ST.
AV
LUPIN
67 PL.
ST.
GRAY
MARSHALL
NEWLAND
QUAY CT.
PL .
ST.
BRAUN WY. BEECH CT.
(CSH 72)
ST.
WRIGHT
CT.
YANK
DR.
COORS COLE LN. BRAUN LN.
65 AVE.
KENDRICK DR.
65
ST.
JAY ST.
JE
YARROW ST.
ALLISON
AMMONS
BALSAM
.
BRAUN CT.
MCINTYRE ST.
ORCHARD
CT.
CR.
POPPY
W. 68TH PL.
ST.
N ST.
HOLLAND
HOYT
BRENTWOOD
VANCE ST.
ST
IRIS
HOYT
CARR ST.
CODY
ST.
CT.
CT.
ST.
ST.
ST.
AV E.
MOSS CR.
WY.
MCINTYRE
SE CR ES CR T .
QUAKER ST.
CT.
ORION
PIKE CT.
POPPY ST.
QUAKER CT.
W.
GRAY
DUDLEY
DOVER
ST.
AVE.
HOLMAN
DR.
CT. ERS
QUARTZ CR .
ROG
O RS ST E .
N
T
LOVELAND.ST
CT. GLADIOLA CT.
WY .
PL.
71S
FENTON ST.
NOLA
LEE
DUDLEY
ESTES
ST.
LEWIS ST.
ESTES
VAN VOORHIS YUKON WAY ST. YUKON
PIERCE ST.
MOORE
CT. NEWCOMBE ST. NELSON
KLINE
TAFT CT.
CT.
.
ES
W.
HARLAN
ST.
FLOWER
FIELD
EVERETT
OWENS
LEWIS
ST.
ST.
QUEEN ST.
PIERSON
PARFET
MILLER
N
62
CR.
VI NNEY CR .
DE
PK
WY.
Mc IN TY RE CT . McINTYRE
JOYCE
QUEEN CT.
NEWCOMBE
GARLAND
LEE ST.
ST.
CT.
QUAIL
AU
.
CT.
BLE
ORION CT.
ORCHARD CT. NOBLE LN.NO
ALKIRE CT. ZINNIA
VIVIAN CT. VIVIAN ST. VAN GORDON ST. URBAN CT. URBAN ST. UNION
PIERSON
QUAIL
CT
. BR
PIKE ST.
ROGERS ST.
SE CR
CT
ST. ULYSSES ST.
UM BER CT. UMBER
TORREY ST.
AVE.
W.
WA Y
YULE
YUCCA ST.
W. 64TH AVE.
5000 W. YATES
AVE.
CT.
KENDALL
ST.
MARSHALL
REED
ST.
SAULSBURY
PA RFET CT.
ST.
CT.
ST.
ST.
CT.
ST.
ST.
WELCH
WRIGHT
VIVIAN
CT.
DR
CT. YOUNGFIELD ST. XENOPHON ST. XENON
YANK
CT.
CT.
GARRISON
CT.
ALKIRE
ZINNIA
VIVIAN
ROBB
WY.
COO RS CT. COLE
CT.
POPPY CT
QUAKER ST.
ST .
TERRY ST. SECREST WY.
68 CR.
W.
AM
W.
5100 W. ZENOBIA
PL.
ST.
ST.
NOLAN NOLAN CT. ST. NEWLAND WY. MARSNEWLAND HALL ST.
CT.
QUAY CT.
BALSAM PL.
ST.
BRENTWOOD
CT.
CODY
CT.
DOVER
DEFRAME CT.
AVE. PL.
75 DR.
W.
5200 W. SHERIDAN
CT.
SAULSBURY CT. REED
PIERCE CT.
ST. OTIS
ST.
ST.
ST.
UPHAM
TELLER ST.
WEBSTER
YUKON
ST.
ST.
ALLISON ST.
ST.
ST.
HOLLAND ST.
EY
CT.
DEVINNEY
QU
WY.
TERRY
WAY
69
GRAY CT.
ST.
ST.
MBINE
OTIS
VANCE ST.
DOVER ST.
GLEN-
ST.
DOVER
NEWCOMBE
MILLER
E.
EY
EASLEY RD. TORREY CT.
67
W.71ST AVE.
GR NT BE
TH
5300 W. AMES
NEWLAND ST.
MARSHALL
REED
REED
PIERCE ST. COLU-
QUAY
NOLAN ST.
PIERCE ST. OTIS ST.
CT.
H
CT.
OR T
OLDE WADSWORTH BLVD.
W
YARROW
ZEPHYR
AMMONS
ST.
OWENS
OAK
ST.
NELSON CT.
ST.
CT.
ST.
PARFET
ST.
AV
LOOP
LM ER
LN.
W. W.77TH PL.
AS E
5400 W. BENTON
CT.
REED ST.
DS
ST.
BALSAM
CODY
ST.
BB
PIERSON
PARFET
QUAIL
QUEEN ST.
ST.
RO
SWADLEY CT.
TAFT
TAFT
UNION
URBAN
URBAN
VAN GORDON ST.
ROUTT
EVERETT ST.
ST.
ZANG CT.
ZINNIA CT.
KIPLING ST.
FALK CT.
ST.
ST. ELLEN DR.
DUDLEY
ESTES
BRENTWOOD BRENTWOOD ST. ST.
ZEPHYR CT. ZEPHYR ST. WATER TOWER PROMENADE
SAULSBURY
WA
CT.
ST.
CT.
CT.
FIELD
ST.
GARRISON
WAY
BRAUN WY.
OP
ELDRIDGE ST.
WARD ROAD
ING PKW Y.
ST.
ELLIS CT.
LO
KI
TORR
UMBER CR.
PL .. WY
VIRGIL
W. 72ND FRONTAGE RD. W.71ST PL.
ON NT FE CT.
5500 W. CHASE
.
INGALLS ST.
ST.
QUAY
QUAY
TELLER ST
ST.
VANCE
ALLISON
BALSAM
BALSAM
DOVER
CT.
ST.
ST.
FLOWER
ST.
ST.
GARLAND
CT.
FIELD
DUDLEY
ESTES
CT.
EVERETT
FIELD CT.
FLOWER
GARRISON
GARLAND
HOLLAND
HOYT DR.
DOVER ST. CODY ST.
ST. ESTES ST.
EVERETT
CR. FIELD ST.
CR. FIELD
ST.
ST.
ST.
ST.
LYNN
KIPL
OAK
56 PL. W.70TH DR.
W.
TH
84
5600 W. DEPEW
CODY ST.
ST.
ST.
CR.
ESTES
GARRISON
ST FLOWER
GARLAND ST.
HOLLAND ST.
ST.
W.
IRIS
JELLISON
JOHNSON
OAK CT .
LEWIS
FLORA
H
SA LV
CT IA .
RUSSELL RUSSELL LN. CT.
SALVIA LN.
VIRGIL WY.
63
73 TH
CH
5700 W. EATON
CT.
AMMONS
CARR ST.
DOVER
DUDLEY
OAK
SANDRA WY.
ST.
ST
SIMMS ST.
TABOR
60T
CR.
NILE
UMBER ST.
62 LN.
W.62ND PL.
W.
77
5800 W. FENTON
CT.
INDEPENDE NCE
HOYT
HOYT
ST
JELLISON CT. ST. JELLISON
ST.
NELSON
CT.
TABOR
QU AIL CT. QU AIL ST.
CR .
CT.
TAFT
TAFT ST.
56 AVE. 79TH
5900 W. GRAY
LEE ST.
ST.
CT.
PARFET
NEWCOMBE ST. ST.
OAK
OWENS
ST.
ST.
.
WARD WAY
FIG CT.
W.
MCINTYRE CT.
VIRGIL ST.
VIOLET PL.
EASLEY RD.
VIOLET WY.
63
5TH W.7 PL. H W. 75T . AVE H 75T INGALLS
6000 W. HARLAN
OAK ST.
PARFET
W
WY.
UNION
YOUNGFIELD ST.
YANK ST.
WY.
Y ST.
W. 72ND AVE.
6100 W. INGALLS
ST.
ST.
CT.
TABOR
UNION CT.
TAFT
ST.
FIG
WY.
W.57TH
ND
AVE.
6200 W. JAY
YARROW
ST.
EVERETT ST.
CODY
ESTES CT.
XENON
JOHNSON
IRIS
WY.
YOUNGFIELD WY.
YANK
ST.
ST.
ST.
ST.
ST.
ALKIRE
KIPLING ST.
ST.
BRAUN
ARBUTUS
VIVIAN ST.
QUAIL
ST.
BEECH
BRISTOL
COORS
GLADIOLA
HOWELL ST.
KIPLING CT.
MILLER ST.
(CSH 72)
JOYCE ST.
ST.
NOBLE
McINTYRE ST.
WI
AVE.
6300 W. KENDALL
ST.
IRIS ST.
ST.
ST.
ST.
ST.
DEFRAME ST.
ELDRIDGE
KILMER ST.
NILE ST.
NORSE ST.
KENDRICK CT.
ORCHARD ST.
POPPY CT.
MARSHALL F.R.
6400 W. LAMAR
OAK
ARFET
BB
ST.
ISABELL
ORCHARD CT.
PIKE ST.
ORCHARD CT.
54TH
6500 W. MARSHALL
ST.
EASLEY RD.
AVENUE
6600 W. NEWLAND
6700 W. OTIS
6800 W. PIERCE
6900 W. QUAY
7000 W. REED
7100 W. SAULSBURY
7200 W. TELLER
7300 W. UPHAM
7400 W. VANCE
7500 W. WEBSTER
7600 W. WADSWORTH
7700 W. YUKON
7800 W. YARROW
7900 W. ZEPHYR
8000 W. ALLISON
8100 W. AMMONS
8200 W. BALSAM
8300 W. BRENTWOOD
8400 W. CARR
8500 W. CODY
8600 W. DOVER
8700 W. DUDLEY
8800 W. ESTES
8900 W. EVERETT
9000 W. FIELD
9100 W. FLOWER
9200 W. GARRISON
9300 W. GARLAND
9400 W. HOLLAND
9500 W. HOYT
9600 W. INDEPENDENCE
9700 W. IRIS
9800 W. JELLISON
9900 W. JOHNSON
10000 W. KIPLING
10100 W. KLINE
10200 W. LEE
10300 W. LEWIS
10400 W. MILLER
10500 W. MOORE
10600 W. NELSON
10700 W. NEWCOMBE
10800 W. OAK
10900 W. OWENS
11000 W. PARFET
11100 W. PIERSON
11200 W. QUAIL
11300 W. QUEEN
11400 W. ROBB
11500 W. ROUTT
11600 W. SIMMS
11700 W. SWADLEY
11800 W. TABOR
11900 W. TAFT
12000 W. UNION
12100 W. URBAN
12200 W. VAN GORDON
12300 W. VIVIAN
12400 W. WARD
12500 W. WRIGHT
12600 W. XENON
12700 W. XENOPHON
12800 W. YOUNGFIELD
12900 W. YANK
13000 W. ZANG
13100 W. ZINNIA
13200 W. ALKIRE
13300 W. ARBUTUS
13400 W. BEECH
13500 W. BRAUN
13600 W. COLE
13700 W. COORS
13800 W. DEFRAME
13900 W. DEVINNEY
14000 W. ELDRIDGE
14100 W. ELLIS
14200 W. FIG
14300 W. FLORA
14400 W. GARDENIA
14500 W. GLADIOLA
14600 W. HOLMAN
14700 W. HOWELL
14800 W. INDIANA
14900 W. ISABELL
15000 W. JOYCE
15100 W. JUNIPER
15200 W. KENDRICK
15300 W. KILMER
15400 W. LOVELAND
15500 W. LUPINE
15600 W. MCINTYRE
15700 W. MOSS
15800 W. NILE
15900 W. NOBLE
16000 W. ORCHARD
16100 W. ORION
16200 W. PIKE
16300 W. POPPY
16400 W. QUAKER
16500 W. QUARTZ
16600 W. ROGERS
16700 W. RUSSELL
16800 W. SALVIA
16900 W. SECREST
17000 W. TERRY
17100 W. TORREY
17200 W. ULYSSES
17300 W. UMBER
17400 W. VIOLET
17500 W. VIRGIL
17600 W. WIER
17700 W. WILKERSON
17800 W. WINDY
17900 W. YULE
18000 W. YANKEE
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CHASE
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.
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.
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ANN
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.
AV
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60 AVE. 75TH AVE.
Added
W. 61ST
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W. 58TH AVE. TH WAY
65
-
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63
W. 75T
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81
HW
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58 PL.
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CHA
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W.70TH
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.
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PL.
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.
(RALSTON ROAD)
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W.78TH
.
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PL. 74 PL.
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.
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W.62ND AVE. 64 PL. AVE. W.
TH
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CT
CT
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W. 73RD
AVE.
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W.
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W.67TH DR. W.
PL.
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W. 49TH AVE. 65 WY.
W. 75TH AVE.
AV
63
.
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PL. 69
70
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PL. W. 53RD
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W. 68TH AVE.
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WA Y Y ER LL UR POMONA DR TE 83 SB . AV UL POM N. E. ONA . SA CT S82 UL PL SA RY DR . BU . . CR
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AVE.
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.
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72 PL.
MARSHALL CR.
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ND
53RD AVE.
81ST 80
82
AVE.
NA
R
57TH
W.67TH
TH 82 PL.
STE
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PL.
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AVE.
MA
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63RD PL. AVE.
70
PL.
75
77
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W. 69TH
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PL.
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62ND
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W. 90TH AVE.
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.
CT
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PL.
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W. 74TH
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DR.
PL
PL.
PL. DR.
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55TH
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CIR.
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AVE.
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POMO
84
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AVE.
CA
LN.
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62ND
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AVE.
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AVE.
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DR.
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TH WAY
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PL.
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PL.
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W. 79
W. 54TH
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CR
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69 AVE.
SE
. W. 73RD AVE.
AVE.
57TH
66TH
W.
ST.
59 W.
AVE.
W. 50TH
WAY
67TH
ST.
58 PL. 73RD
AVE.
ANN
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W.
ST.
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W.
PL.
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W.58TH AVE. PL.
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RD.
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73RD
TH
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AVE.
AVE.
TELLER
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PL.
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W. 70TH
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PL.
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.
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W.75TH
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.
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67TH
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ST
DR.
CR.
CT
PL T ET ER EV
54 LN. 54
AVE.
ST
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ST
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AVE.
52
F. R.
80TH
Y
QUAY
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WA W.
PL.
LANE
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54TH
ST . 65TH AVE.
W.
W.
PL.
W.79TH
QUAY
51ST 67TH PL. 75TH
79
CR.
73
81ST
.
W.
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DR.
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62ND 62ND
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PL.
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RR
PL.
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53RD
W. W.
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83
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PL.
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PL.
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SE
ST
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W.
68
W.
CT
CT
69TH
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PL.
W.
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80TH
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ST
W. 88TH AVE.
DR
62
AVE.
73RD
AV
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QUAY
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KS
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DR.
AVE.
ER LL
QUAY
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DR.
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PIERCE
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AVE.
PL. W. 69TH DR.
83
ED
PL.
AVE.
AVE.
70T
AY W
AVE.
TY H 77T 80 PL.
W.
ROA
61ST
72ND W.
CE
JO 66
81
54
W. 69TH
84
RE
W.64TH AVE. AVE.
54T
PL.
AVE.
75TH
VAN
W. 55TH DR. PL.
ER RA
YT .
ELLE RAB CLA
W.
WY.
ST.
CHA
80
W. 70TH PL.
81ST PL. AVE
W.55TH
62 PL.
.
TH A V E PL. 83RD
DR.
W.
69
DR
56 PL.
59TH
AVE
DR.
AR LAM ST.
AVE.
W.
W.
W.
67TH
E. 86TH
CALVIN
PL.
78T
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70TH
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ALLISON CT. H
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AVE.
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78
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PL WAY
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W.66TH
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PL.
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PL.
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AVE.
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ST.
PL.
JELL 75TH
PL.
W.61
PL.
W.70TH
77TH
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ST.
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DR.
62ND
W.67TH
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WY.
81ST
AM
PL.
PL.
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WY
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W.
PL.
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CR.
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66
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AVE. 65 AVE.
82ND
.
AVE.
W.
AVE.
78
W.80TH
82
88TH
.
66 CR.
SI 87 CR.
W. 49TH
W. 49TH
RR
CR.
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58TH
AVE.
DR.
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ST
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W.
AVE.
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60TH
W.
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ST
AVE.
.
81
WEB
CT
W. 92ND AVE.
PL.
AVE.
PL.
CR
N ISO ALL
LA 71ST
70TH
AVE.
AVE.
68TH
CODY
W. 52ND PL.
SE
ST
62
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SA
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PL.
PL.
ST.
59TH
NS W.
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54
W.63RD
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CT.
CE
. W.
E.
W. 53RD
E
PL.
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TH
55
W.64TH
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DR.
VAN
W.62ND AVE.
87 AV E. W.
DR.
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83
DRIVE
WAY
W. 73RD PL.
W.
AVE.
W.
.
.
50
ZEPH YR
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\\isys.arvada.org\engr
STREET MAINTENANCE FUND
Mill and Overlay - 2018 Projects Completed W. 88TH
PL.
W.
AVE. DR.
IER
AVE.
AVE.
DR.
PL.
AVE.
AVE.
AVE
ENGINEER
S. HOERIG
C. KELLEY
DRAWN BY
11/19/2018
DATE
1 OF 1
Crack Sea 2018 Pro ects Comp eted
WAY W. 90TH
YAT ES IVE
W. 88T
PARKS FUND Parks Fund Overview The Parks Fund accounts for costs associated with the acquisition, design, development, maintenance and beautification of parks, open space and trails within the City. Revenues are derived from the City’s General Fund, Grants Fund, Apex and Jefferson County Open Space funds.
Revenue Highlights
• Overall revenues increased $433,814 or 4.9% over 2017. • Jefferson County Open Space revenue exceeded 2017 revenue by more than 5.7%.
2018 Budget
2018 Actual
$5,291,000
$5,291,000
$4,599,287
$4,632,757
City Cash Transfer
3,371,741
3,346,445
APEX Reimbursement
1,045,377
899,600
188,244
406,177
$9,204,649
$9,284,980
$9,271,857
$9,061,406
-
-
$9,271,857
$9,061,406
Parks Fund Beginning Fund Balance REVENUES Open Space
Other
Expenditure Highlights
• Overall expenditures increased $216,134 or 2.4% over 2017. This is attributed to increases in personnel costs.
Total Revenues EXPENDITURES Ongoing Capital Total Expenditures Income/(Loss) Ending Fund Balance
10
(67,208) $5,223,792
223,574 $5,514,574
PARKS FUND
Trails Per Capita
Open Space Per Capita
11
SPECIAL REVENUE FUNDS Special Revenue Funds Overview Special Revenue Funds account for revenues that are to be used for specific purposes. The following funds are considered special revenue funds: • Tax Increment Funds • Community Development • Housing
Tax Increment Funds Overview There are two tax increment funds which account for the voter-approved sales tax increases to fund expanded police services. The first accounts for the .21 cent sales and use tax and the second accounts for the .25 cent sales and use tax. Sources include sales tax, general use tax, auto use tax, building use and interest income. Since the tax increment is in addition to the City’s 3% sales tax, revenue trends in the tax increment fund will closely follow those in the general fund. Tax Increment Funds Beginning Fund Balance
2018 Budget
2018 Actual
$12,898,000
$12,898,000
Revenue Highlights
• The increase in sales tax is due to sales tax receipts in the new Ralston Creek shopping area which opened in late 2017.
REVENUES Sales Tax/Audit Revenue Use Tax Other Total Revenues
$ 8,569,759
$ 7,450,034
1,763,726
2,036,003
864,806
747,187
$11,198,291
$10,233,224
$11,354,654
$ 9,821,999
• Other revenues increased from a new grant being received in 2018 and from an increase in interest income as compared to 2017.
Expenditure Highlights
EXPENDITURES Ongoing Capital Total Expenditures Income/(Loss) Ending Fund Balance Goal (11% of Expenditures) Excess/(Deficit)
• The majority of the increase in ongoing expenditures is from the one-time 290,050
68,597
$11,644,704
$ 9,890,596
(446,413)
transfer from the Tax Increment fund to the Capital Improvement fund for the construction of the Whisper Creek Community Station.
342,627
$12,451,587
$13,240,627
1,280,917
1,087,966
$11,170,670
$12,152,662
80% of calls with a priority of 0 or 1 will have less than five (5) minute response times
12
SPECIAL REVENUE FUNDS
In association with the 2017-2018 biennial budget and 20172026 10-year Financial Plan, develop a cost-effective plan to provide City services into the northwest area including development and staffing of a new Police Community Station and satellite facilities deemed necessary for other City services. Development of Delta day and hour schedule for officers and sergeants Have supervisory staff in place for Delta Sector
Identification of location and ground breaking for Delta Community Station Develop a consistent police response for the community in Delta Sector
Whisper Creek Community Station Task Timeline
Dec17
Jan18
Feb- Mar18 18
Apr- May- Jun18 18 18
Planning Approval Post Sign Planning Commission - PDP Council Approval - PDP FDP Submittal - 12 Weeks - 1 Review Design Documents 100% CD's Building Dept Permit Review/Approval Fire Dept Permit Review/Approval Bid Solicitation - CMGC RFP issued Bidding Period/Bids Due Evaluation/Selection AIA 133 Agreement - Legal/CMO VE Phase (if required) AIA 201 Exhibit Final GMP - Legal City Council Title Due City Council Packet Due City Council Meeting Approval Construction Issue NTP Building Permit Issued (est.) Fire Permit Issued (est.) Construction Start/Completion
Jul18
Aug- Sep18 18
Oct18
Nov- Dec18 18
Jan19
Feb- Mar19 19
Apr- May- Jun19 19 19
The City's focus on strategic planning dictates the need to develop a cost-effective plan for providing services in an area of Arvada that continues to grow in population and businesses. While public safety is a critical aspect of this strategic measure, the City must also consider all other services required. The City must be prepared to provide services required by new residents and businesses in the northwest area. Current resources are not adequate for the projected development and resources need to be implemented to align with growth.
13
SPECIAL REVENUE FUNDS
Community Development Overview The Community Development Fund accounts for all entitlements, revenues and expenditures of the Community Development Block Grants (CDBG) program and the Home Rehabilitation program and Essential Home Repairs program.
Community Development Fund
2018 Budget
2018 Actual
Beginning Fund Balance
$5,753,000
$5,753,000
$114,737
$244,439
668,004
621,294
City Cash Transfer
45,000
45,000
Interest/Other
34,000
120,003
Total Revenues
$861,741
$1,030,736
Revenue Highlights
• Revenues decreased $83,661 or 8.1% from 2017. • Grants revenue increased $61,417 or 34.3% due to the Carr Street project. • Recovered costs decreased $176,512 or 41.9% from 2017, due to three
REVENUES Recovered Grants
large loan repayments received in 2017.
Expenditure Highlights
EXPENDITURES Ongoing
$1,441,375
$1,083,300
428,397
299,294
Total Expenditures
$1,869,772
$1,382,594
Income/(Loss)
(1,008,031)
Ending Fund Balance
$4,744,969
Essential Home Repairs
• Essential home repairs decreased $53,563 or 15.2% from 2017. • Sixteen essential home repair projects were completed during 2018 compared to nineteen projects in 2017.
(351,859) $5,401,141
The wait list for essential home repairs was at 150 as of December 31, 2018. Average cost per Essential Home Repairs Program rehabilitation job
14
SPECIAL REVENUE FUNDS
Arvada Housing Authority Overview The Authority administers funds received for rent subsidy to low/moderate income households under Section 8 of the U.S. Housing Assistance Payment Program.
Arvada Housing Authority
Revenue Highlights
2018 Budget
Beginning Fund Balance
• Overall revenues increased $403,904 or 8.6% over 2017. • Grant revenue increased $339,775 or 8.1% over 2017.
$
74,000
$
74,000
Recovered
$
19,178
$26,833
Grants
4,578,072
4,543,580
90,041
105,000
Interest/Other
1,000
2,654
Total Revenues
$4,688,291
$4,678,066
$ 422,837
$ 481,597
4,592,317
4,171,884
34,238
45,606
$5,049,392
$4,699,087
REVENUES
Transfers
Expenditure Highlights
• Overall expenditures increased $468,395 or 11.1% over 2017. • The Arvada Housing Authority served 518 families during the fourth
EXPENDITURES Ongoing
quarter of 2018; 484 families were served during the same period in 2017.
Rents Transfers Total Expenditures Income/(Loss) Ending Fund Balance
average
Actual 2018
(361,101) $ (287,101)
# of families receiving section 8 housing assistance payments monthly
15
(21,020) $
52,980
CAPITAL IMPROVEMENTS PROJECTS FUND
Capital Improvement Projects (CIP) Fund Overview The Capital Improvement Projects Fund accounts for capital projects for streets, traffic, and parks. Capital Improvement Fund Beginning Fund Balance
2018 Actual
Revenue Highlights
$18,626,894
• Transfers consist of a transfer from the General Fund, Water Fund, Tax
REVENUES Transfers in Grants and Recovered Costs
$12,160,476 4,078,364
Contributions
770,962
Interest
153,676
Total Revenues
$17,163,478
CIP Administration
$5,310,929
CIP Street Projects
2,273,552
CIP Traffic Projects
1,449,719
CIP Park Projects
1,605,714
Total Expenditures
10,639,914
Ending Fund Balance Anticipated Grant Revenue
Increment Funds and Community Development Block Grant Fund. • Grants and recovered costs are reimbursements from other agencies or companies that have shared in the cost of a project. • Contributions reflect transportation tax and park development fees that help fund eligible projects.
Expenditure Highlights
• Administration expenditures are due to the final payment to APEX for the Fitzmorris Recreation Center, construction of the radio towers and the Olde Town restrooms. • Street expenditures are related to the design, right-of-way purchases and construction for Ralston Road, 72nd and Indiana intersection improvements, the guardrail project and Leyden Road improvements. • Traffic expenditures are related to the traffic signal project at 55th and Kipling and fiber conduit boring to complete the primary backbone of the City’s fiber network. • Parks expenditures are for design services for the Holistic Health and Fitness Park, the Club Crest Trail bridge project and replacement of the pump station at the Lutz athletic fields.
$25,150,458 $8,945,458
Assigned for Projects: CIP Administration
$8,950,497
CIP Street Projects
8,517,864
CIP Traffic Projects
8,166,252
CIP Parks Projects
6,797,581
Project Reserve
1,063,991
Total Assigned for Projects Fund Balance Reserve
$33,496,185 $599,731 CIP Park Projects, $1,605,714 CIP Traffic Projects, $1,449,719
CIP Street Projects, $2,273,552
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CIP Administration, $5,310,929
CAPITAL IMPROVEMENTS PROJECTS FUND
Project Updates Many capital improvement projects started in 2017 and 2018 and this section provides an update of these projects.
in progress
COMPLETED Fitzmorris Recreation Center:
West 72nd Avenue and Indiana Street Intersection:
The 8,500 square feet recreation center opened in June and includes a six-lane pool, a small weight room and a community/aerobics area. This project was a joint effort between the City of Arvada, Apex Parks and Recreation District and Jefferson County School District R-1.
This project will widen Indiana Street to include two thru lanes, double left-turn lanes and dedicated right-turn lanes in each direction. West 72nd Avenue will be widened to include two thru lanes, single left-turn lanes and dedicated right-turn lanes in each direction. West 72nd Avenue west of the intersection is currently closed for bridge construction and is anticipated to re-open in March 2019. Underground utility work is currently being completed and will be followed by subgrade preparation and paving. This project is expected to be completed by the end of May 2019.
COMPLETED Playground Renovation: Danny Kendrick Park West and Farmstead Park were the two parks that were renovated in 2018 under the City’s “Taking Lasting Care” initiative. The two parks re-opened in October with neighbors and stakeholders choosing a “farm theme” for Farmstead Parks and a “pioneer west” theme for Danny Kendrick Park.
in progress Whisper Creek Station: Construction of the new Whisper Creek Community Police Station in the City’s northwest (Delta Sector) section of Arvada started in 2018. The station is located at 90th Avenue and Indiana will be similar to the West Woods and Lake Arbor community stations. This station will continue the sector-based policing model which assigns police officers to specific areas of the City to allow better communication between officers and residents and facilitate better response times. The Whisper Creek station is expected to open summer of 2019.
COMPLETED Public Restrooms in Olde Town: The public restrooms in Olde Town opened in October. This completes City Council’s strategic result “By 2018, new public restrooms in Olde will be available to accommodate G Line commuters and increasing Olde Town visitation.” The restroom is free to the public, accessible around the clock and designed to discourage problems that commonly occur with public restrooms.
in progress Arvada Holistic Health and Fitness Park: The preliminary development plan was approved by City Council in October and staff will be working on the submittal of the final development plan as well as additional funding opportunities in 2019.
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ENTERPRISE FUNDS Water Fund Overview The Water Fund accounts for all activities within the scope of the water utility operations including administration, operations, capital water projects, financing and related debt service and billing and collection.
Revenue Highlights
• Water sales are up by about 9.2% over the same period in 2017. The increase in water charge revenues is a combination of increased sales due to warm, dry weather, growth and increased rates for 2018. • Tap fees were down 8.9% year to year due to new building activity slowing down in the beginning of 2018 as compared to 2017. Q1 was down 49.7% versus the same period of 2017; Q2 was down 14.2%; Q3 was down 5.1%; and Q4 was up 51.8% quarter to quarter.
2018 Budget
2018 Actual
$101,839,000
$101,839,000
$ 21,866,110
$ 23,247,268
Tap Fees
13,316,182
9,391,731
Interest
508,100
1,152,187
1,651,258
1,682,452
$ 37,341,650
$ 35,473,638
$ 18,934,044
$ 19,141,619
Debt Service
2,261,000
2,247,684
Major Capital Maintenance
6,687,912
6,973,175
11,537,597
3,855,528
$ 39,420,553
$ 32,218,007
Water Fund Beginning Fund Balance REVENUES Water Charges
Other Total Revenues EXPENDITURES Ongoing
Expenditure Highlights
Capital
• The addition of a Utility Design Engineer has enabled staff to meet the
Total Expenditures
capital maintenance program goals for 2018. • Capital expenditures are down compared to 2017 due to project delays for the Ralston Water Treatment Plant and other capital projects. • Ongoing expenditures have grown primarily due to an increase in professional services and contract expenses.
Income/(Loss) Ending Fund Balance Goal (25% of Expenditures) Excess/(Deficit)
(2,078,903)
3,255,631
$ 99,760,097
$105,094,631
9,855,138
8,054,502
$ 89,904,959
$ 97,040,129
*$34,397,330 of the Fund Balance is a cash escrow reserved in Denver Water’s name and related to the Gross Reservoir expansion. The Water Fund’s overall obligation is expected to total $110 million through 2025.
By 2019 the City will have 100% of the water needed for build-out of the City
18
ENTERPRISE FUNDS
Wastewater Fund Overview The Wastewater Fund accounts for all activities necessary in the collection, transmission and disposal of sewage and wastewater.
Wastewater Fund Beginning Fund Balance
2018 Budget $12,453,000
2018 Actual $12,453,000
• Sewer charges are dependent on in-home domestic flows and the
REVENUES Sewer Charges
$12,391,479
$11,279,343
Tap Fees
1,012,314
1,484,310
Interest
314,682
313,610
1,047,128
773,500
$14,765,603
$13,850,763
$ 8,897,606
$7,830,248
Ongoing
3,308,269
3,142,418
Major Capital Maintenance
3,611,161
3,297,348
Capital
3,784,581
248,901
$19,601,617
$14,518,915
Other Total Revenues EXPENDITURES Metro District
Total Expenditures Income/(Loss) Ending Fund Balance Goal (25% of Expenditures) Excess/(Deficit)
Revenue Highlights
(4,836,014)
(668,151)
$ 7,616,986
$11,784,849
4,900,404
3,629,729
$ 2,716,582
$ 8,155,120
By 2023, all wastewater collection pipelines installed prior to 1980 will be rehabilitated or replaced.
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billing is based on wintertime metered water to the buildings. Flows are down about 2.1% from 2017. This reflects a continued trend as consumers utilize more efficient appliances. • Tap Fees were 22.3% higher than 2017 receipts due to payments from large residential development.
Expenditure Highlights
• Metro District payments were down 12.5% compared to 2017 due to lower infiltration levels as a result of decreased volume. • Capital expenditures reflect the postponement of several capital projects into 2019 including Ralston pipeline replacement and oversizing.
ENTERPRISE FUNDS
Stormwater Fund Overview The Stormwater Fund accounts for all activities necessary to maintain a stormwater management plan.
Revenue Highlights
• The City’s Stormwater Utility Fee was left unchanged for 2018. Increases in revenue are reflective of the housing growth.
Stormwater Fund
2018 Budget
Beginning Fund Balance
$7,459,000
$7,459,000
$3,370,427
$3,464,746
71,927
176,917
$3,442,354
$3,641,663
$2,205,877
$2,997,704
867,769
867,769
1,731,254
50,573
Total Expenditures
$4,804,900
$3,916,045
Income/(Loss)
(1,362,546)
Ending Fund Balance
$6,096,454
$7,184,618
1,201,225
979,011
$4,895,229
$6,205,607
REVENUES Stormwater Fee Other Total Revenues
Expenditure Highlights
2018 Actual
EXPENDITURES
• The increase in ongoing expenditures was due to increased
Ongoing
construction of Miscellaneous Drainage and Utility Trench Asphalt Replacement projects. • Capital expenditures reflect a delay in implementation of various capital projects including Leyden Creek Crossing at Alkire Street, Ralston Creek and Croke Crossing, and others.
Debt Service Capital
Goal (25% of Expenditures) Excess/(Deficit)
Annually 25% of all City-owned stormwater system assets will be inspected and cleaned as needed.
20
(274,382)
ENTERPRISE FUNDS
Golf Fund Overview The Golf Course Fund accounts for all revenues and expenses of the Lake Arbor and West Woods Golf Courses, including food service operations.
Golf Fund Beginning Fund Balance
2018 Budget $ 422,000
Revenue Highlights
2018 Actual
• Overall revenues were down 48.9% from 2017 due to a large
$ 422,000
transfer in 2017 for construction related to West Woods Golf Course projects. • Operating revenues increased 39.3% due to the re-opening of West Woods restaurant in early 2018. • While golf rounds played at West Woods increased, rounds played at Lake Arbor decreased due to the clubhouse remodel/ renovation project that was active during the summer of 2018.
REVENUES Golf Courses
$3,278,414
$3,503,122
Restaurants
1,621,124
1,823,594
Construction Revenue
870,164
871,861
City Cash Transfer
493,560
557,523
$6,263,262
$6,756,100
Golf Courses
$2,438,936
$2,095,161
Restaurants
1,661,852
2,033,152
Administration
1,671,356
1,334,621
Capital
2,627,706
2,412,593
$8,399,850
$7,875,526
Income/(Loss)
$(2,136,588)
$(1,119,425)
Ending Fund Balance
$(1,714,588)
$(697,425)
Total Revenues EXPENDITURES
Total Expenditures
Goal (11% of Expenditures) Excess/(Deficit)
923,984 $(2,638,572)
Expenditure Highlights
• Expenses were in line with projections for 2018. • Overall expenditures decreased 40.1% from 2017 due to the West Woods Golf Course projects. • Operating expenditures increased 34.8% over 2017. This is due to the re-opening of West Woods restaurant in early 2018 as the restaurant had been closed the majority of 2017.
866,308 $(1,563,733)
Golf Rounds by Type - January - December
21
ENTERPRISE FUNDS
Food Services Fund (Arvada Events) Overview The Food Services Fund accounts for all revenue and expenses associated with food service activities including the operation of banquet facilities at the Arvada Center for the Arts and Humanities and off-site catering. Food Services Fund (Arvada Events)
2018 Budget
Beginning Fund Balance
$ 659,000
2018 Actual
Revenue Highlights
$ 659,000
REVENUES Concession Services
$
Banquet and Guest Services Total Revenues
27,463
$ 115,286
2,025,450
1,744,020
$2,052,913
$1,859,306
$ 380,008
$ 373,128
1,218,848
1,241,639
• In
2018, Arvada Events at the Arvada Center exceeded $1,800,000 in gross sales and served over 51,000 guests attending 410 events. • Overall revenues increased $389,475 or 26.5% over 2017.
EXPENDITURES Administration Operations
18,034
Capital Total Expenditures Income/(Loss) Ending Fund Balance Goal (11% of Expenditures) Excess/(Deficit)
-
$1,616,890
$1,614,767
436,023
244,539
$1,095,023
$ 903,539
404,223
403,692
$ 690,801
$ 499,848
Hospitality. Banquet and Guests Served.
22
Expenditure Highlights
• Expenditures were in line with 2018 projections. • Overall expenditures increased $100,220 or 6.6% over 2017. Rebranding of Arvada Events, food inventory costs and temporary wages are attributed to this increase.
ENTERPRISE FUNDS
Events by Market Segment January - December ARVADA CENTER
2018
2017
Variance
Arvada Center
21
4
17
425%
Association
74
61
13
21%
Corporate
70
87
(17)
(20%)
Education
21
19
2
11%
Fraternal
93
95
(2)
(2%)
8
18
(10)
(56%)
30
34
(4)
(12%)
Religious
59
60
(1)
(2%)
Social
28
23
5
22%
6
4
2
50%
410
405
5
1%
Government In-house
Wedding/Anniversary Total WEST WOODS
2018
2017
Variance
Association
5
1
4
400%
Corporate
8
-
8
100%
Fraternal
4
-
4
100%
Government
1
-
1
100%
In-house City
15
3
12
400%
Social
29
2
27
1350%
Golf Tournaments
30
14
16
114%
Total
92
20
72
360%
LAKE ARBOR
2018
2017
Variance
In-house City
5
Social
1
3
(2)
(67%)
Golf Tournaments
-
11
(11)
(100%)
Total
6
15
(9)
(60%)
Golf Tournaments 6.2%
1
4
Wedding/Anniversary 1.2%
400%
Association 16.2%
Social 11.9%
Corporate 16.1%
Religious 12.1%
In-house City 10.3%
Education 4.3%
Government 1.8%
Fraternal 19.9%
23
INTERNAL SERVICE FUNDS
Internal Service Funds Overview There are five Internal Service Funds – Insurance Fund (Risk Management), Computer Fund, Print Services Fund, Vehicles Fund and Building Fund. Internal Service Funds charge internal programs and departments for use of goods and services. The Funds then pay for all associated costs of things such as purchasing insurance, vehicle purchases and maintenance, computer purchases and maintenance, and buildings maintenance.
Insurance Fund Overview The Insurance Fund, administered by the Risk Management Program of Finance, accounts for the City’s self-insurance against loss. It is funded with contributions by all City departments and programs based on their levels and types of exposure. The Fund is also used for loss prevention programs, the protection of City personnel and the preservation of City property and assets.
Insurance Fund Beginning Fund Balance
2018 Budget
2018 Actual
$1,093,000
$1,093,000
$2,101,505
$2,123,468
65,700
57,696
Other
1,000,000
2,103,770
Total Revenues
$3,167,205
$4,284,934
$2,984,683
$2,284,039
REVENUES Contributions Interest
EXPENDITURES
Revenue Highlights
• Revenues increased $2,050,162 or 91.8% over 2017. • There was a one-time transfer from the general fund of $1,000,000 during 2018. • Recovered costs have increased due to insurance reimbursements for vehicle and property damage.
Risk Management Administration Risk Management Operations Total Expenditures Income/(Loss) Ending Fund Balance
864,163
347,344
$3,848,846
$2,631,382
(681,641) $ 411,359
1,653,552
$2,746,552
*Per GASB Statement 10, an additional $1,715,599 in cash is currently held in the Risk Management fund to cover potentially incurred liabilities as of the beginning of the year. This figure was reached by the Risk Management’s actuary for 2018.
Expenditure Highlights
• Overall expenditures decreased $332,248 or 11.2% from 2017. • 2018 did not experience the level of liability claims paid as were seen in 2017.
1:10 Ratio of workers comp claims to employee
24
INTERNAL SERVICE FUNDS
Computer Fund Overview The Computer Fund provides resources for both ongoing maintenance and replacement of the City’s computers, network hardware, and other electronic infrastructure. It is funded with contributions by all City departments based on their levels of use of this technology.
Computer Fund
2018 Budget
Beginning Fund Balance
$7,144,000
2018 Actual $7,144,000
REVENUES Maintenance
$1,195,180
$1,196,379
Replacement
1,070,551
1,073,042
85,787
233,739
$2,351,518
$2,503,160
Maintenance
$1,318,213
$1,363,599
Replacement
1,574,422
1,178,361
172,417
171,337
$3,065,052
$2,713,297
Other Total Revenues EXPENDITURES
Other Total Expenditures Income/(Loss) Ending Fund Balance
(713,534) $6,430,466
(210,137) $6,933,863
Revenue Highlights
• Maintenance revenue is comparable to the previous year. • The increase in replacement revenues is due to a one-time transfer from the General Fund for the purchase of a fiber asset management tool.
Expenditure Highlights
• The increase in maintenance expenditures arose from temporary wages associated with the replacement of desktop computers. • The replacement expenditures increase is due to the Core Fiber Router equipment installation originally scheduled for 2020 but completed in 2018. • The increase in other expenditures is due to a miscoded position in 2017 that was corrected in 2018.
90% of survey respondents indicate that they were satisfied with ITM’s response to their request for service on their business system
25
INTERNAL SERVICE FUNDS
Vehicles Overview The Vehicles Fund provides resources for the maintenance and replacement of City vehicles and heavy equipment. It is funded with contributions by all City departments based on their vehicle inventory and use.
Vehicles Fund Beginning Fund Balance
2018 Budget
2018 Actual
$4,796,000
$4,796,000
Revenue Highlights
• Other Revenues include recovered costs from auctioning retired vehicles
REVENUES Maintenance Contributions
$2,391,896
$2,433,572
Replacement Contributions
1,592,992
1,633,277
Other
1,027,564
1,551,800
$5,012,452
$5,618,649
Maintenance
$2,468,635
$2,533,250
Replacement
4,289,016
2,756,168
Total Expenditures
$6,757,651
$5,289,418
Income/(Loss)
(1,745,199)
Total Revenues
and equipment, as well as transfers from other Funds for the cost of new acquisitions. Also included here are the transfers from Risk Management for accident-related expense.
EXPENDITURES
Ending Fund Balance
$3,050,801
Expenditure Highlights
• Due to the timing of the cooperative bidding process and the lead time needed for manufacturing, new vehicles and heavy equipment such as turf maintenance equipment, utility trucks, and police vehicles are scheduled for delivery in 2019.
329,231 $5,125,231
With the replacement of older utility trucks in September, 61% of the City’s fleet is now capable of using alternative fuels, which exceeds the Sustainable Arvada goal within FOCUS Arvada.
By 2019, 60% of the City’s fleet will be capable of using alternative fuel sources
26
INTERNAL SERVICE FUNDS
Print Services Fund Overview The Print Services Fund provides ongoing operational support for the City’s printing needs.
Print Services Fund Beginning Fund Balance
2018 Budget
2018 Actual
$224,000
$224,000
$200,000
$231,375
145,975
145,470
$345,975
$376,845
$256,502
$248,027
74,500
74,310
$331,002
$322,337
14,973
54,508
$238,973
$278,508
Revenue Highlights
• Print Services revenue exceeded the budget, partially due to a new policy
REVENUES Print Shop Copiers Total Revenues
which gives the print shop the right of first refusal on City print jobs, driving additional business. • Copier revenue came in as budgeted.
EXPENDITURES Print Shop Copiers Total Expenditures Income/(Loss) Ending Fund Balance
Expenditure Highlights
• Print Shop expenditures are less than budget, primarily due to a savings in supplies.
• Copier expenditures are in line with the budget.
Buildings Fund Overview The Buildings Fund provides resources for maintaining major portions of facility infrastructure as replacement becomes necessary. The primary types of infrastructure are HVAC equipment, parking lots, roofs, and carpet. It is funded with contributions by all City departments based on their facility occupancy.
Buildings Fund Beginning Fund Balance
2018 Budget
2018 Actual
$3,133,000
$3,133,000
• Replacement Transfers increased by 3.0% across all contributing Funds for 2018.
REVENUES Replacement Transfers
$529,446
$427,786
36,000
55,805
$565,446
$483,592
Personnel
$72,115
$762
Replacement
436,587
300,601
$508,702
$301,363
56,744
182,229
$3,189,744
$3,315,229
Other Total Revenues EXPENDITURES
Total Expenditures Income/(Loss) Ending Fund Balance
Revenue Highlights
Expenditure Highlights
• 2018 replacement expenditures included a $255,018 transfer to the Golf Courses Fund for parking lot projects at West Woods and Lake Arbor golf courses. • Some of the planned HVAC and parking lot projects were deferred in anticipation of a comprehensive capital assets assessment report being completed by a third party. • Personnel expenditures reflect a Building Maintenance Worker vacancy, which was subsequently filled in early 2019.
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ARVADA ECONOMIC DEVELOPMENT ASSOCIATION (AEDA) Overview AEDA was established to encourage and stimulate all forms of economic development – commercial and industrial. The services provided by AEDA benefit both the City and citizens by providing information and services to existing and prospective businesses and industries. AEDA is funded by a transfer from the General Fund for services it renders to the City and its citizens. The City also provides administrative support for AEDA. A Board of Directors appointed by City Council governs AEDA.
Operations
2018 Budget
Beginning Fund Balance
$267,000
$267,000
Revenues
808,589
776,546
Expenditures
803,705
776,546
$271,884
$267,000
Ending Fund Balance
Revenue Highlights
2018 Actual
• Revenue consists of a transfer from the general fund equal to the operating expenditures, including personnel.
Expenditure Highlights
• Expenses in printing and binding and training were less than the budget.
Number of new business prospects
28
ARVADA ECONOMIC DEVELOPMENT ASSOCIATION (AEDA)
Program
12/31/2018
Beginning Cash Balance Revenues
3,929
Revenue Highlights
• Revenues consist of interest revenue. • No City contribution occurred in 2018.
111,520
Expenditures Ending Cash Balance
$ 497,327
Reserved for Economic Impact Fund
$(290,000)
Reserved for Arvada Manufacturing Initiative
(11,900)
Commitments
(122,200)
Available Unallocated Cash Balance
$ 73,227
Number of new business and/or development projects facilitated
29
Expenditure Highlights
• 11 small business grants were paid in 2018. • Grants help businesses improve signage, landscaping, facades and site improvements • Commitments represent 10 small business grants.
CITY OF ARVADA INVESTMENT REPORT
Investment Portfolio Objectives PORTFOLIO CHANGES
Pursuant to the City’s investment policy, the primary objectives of the City’s investment activities, in priority order are: safety, liquidity and yield. Consistent with this policy, the portfolio of securities is invested in U.S. Treasuries, U.S. Agencies, local government investment pools (LGIPs), commercial paper, and corporate debt subject to rating and concentration limits. The City-managed investment portfolio is administered to provide sufficient liquidity to meet all reasonably anticipated operating cash needs without selling securities prior to maturity. The portfolio controlled by PFM is actively managed which means that investments may be sold prior to maturity and reinvested in order to achieve the desired duration, yield or diversification of the portfolio.
Par Value as of 12/31/18 MM/Savings/Cash
$3,839,164
$4,522,793
$(683,629)
LGIP
18,926,823
32,043,949
(13,117,126)
Time CD
836,114
4,907,906
(4,071,792)
Corporate
19,992,000
23,992,000
(4,000,000)
US Agency
116,500,000
94,750,000
21,750,000
US Treasury
12,000,000
9,000,000
3,000,000
$172,094,101
$169,216,648
$2,877,453
Subtotal - City
PFM-MANAGED PORTFOLIO Negotiable CD
-
$2,000,000
$(2,000,000)
Corporate
$
9,580,000
7,450,000
2,130,000
US Agency
5,000,000
5,500,000
(500,000)
US Treasury
36,560,000
34,275,000
2,285,000
Subtotal - PFM
$51,140,000
$49,225,000
$1,915,000
CONSOLIDATED PORTFOLIO MM/Savings/Cash
$3,839,164
$4,522,793
$(683,629)
LGIP
18,926,823
32,043,949
(13,117,126)
836,114
4,907,906
(4,071,792)
-
2,000,000
(2,000,000)
Time CD Negotiable CD
The City’s total investment portfolio has grown to $223 million. The increase of $4.7 million can be mainly attributed to the interest earnings for the year. As interest rates continued to increase through the year, the allocation has gradually changed from liquid instruments like LGIPs to U.S. Agencies and U.S. Treasuries. Bank CD rates have not been able to keep up with the rate
Corporate
29,572,000
31,442,000
(1,870,000)
US Agency
121,500,000
100,250,000
21,250,000
US Treasury
48,560,000
43,275,000
5,285,000
$223,234,101
$218,441,648
$4,792,453
Total - Combined
CONSOLIDATED PORTFOLIO ALLOCATION
CONSOLIDATED MATURITY DISTRIBUTION
US Agency 54.4% US Treasury 21.8%
MM/Savings/Cash 1.7% Time CD 0.4%
Difference
CITY-MANAGED PORTFOLIO
In 2018, the Federal Open Market Committee (FOMC) raised interest rates in December for the fourth time, bringing the target rate range to 2.25 – 2.50%. The Federal Reserve’s outlook for 2019 was that the economy would continue to stay strong. After their December meeting, the forecast was for one or two more rate hikes in 2019. In spite of favorable economic conditions in the U.S., a combination of uncertainties such as slowing global growth, falling oil prices, trade war with China, and Brexit implementation – to name a few – all resulted in surging credit spreads and a partial yield curve inversion when the yield on a five-year Treasury fell below the two-year Treasury. As of December 31, 2018 the spread between two-and ten-year Treasuries was only 21 basis points (bps), the closest it has been since 2007.
Corporate 13.2%
Par Value as of 12/31/17
LGIP 8.5%
30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0%
28.2%
14.2%
18.7%
16.5%
6.6%
0-.25
.25-1
1-2
2-3
Maturity (years) 30
15.8%
3-4
4-5
CITY OF ARVADA INVESTMENT REPORT
increases, making that sector unattractive for the time being. The City-managed portfolio is mainly concentrated in U.S. Agencies (67.7%). Based on the strategy of buying and holding investments to maturity, it makes sense for the City to take advantage of the Agencies spread over Treasuries. The PFM-managed portfolio, on the other hand, is mainly allocated to U.S. Treasuries (71.5%). They focus on the resale value and liquidity of the investments since these investments are often sold prior to maturity. The Consolidated Maturity Distribution graph shows the concentration of portfolio’s holdings in various maturity buckets. A significant portion of the portfolio (58.9%) is scheduled to mature within the next two years. In 2018 the City’s portfolio saw a year-to-date yield of 1.71% and the total combined interest income of $3.7 million. The increase of 42 basis points (bps) from 2017 year-to-date yield brought in an additional $949,782 in interest earnings. The average portfolio duration in 2018 was 1.74 years. Keeping the duration shorter allowed the City to take advantage of the re-investment opportunities at higher rates as securities matured. The average year-to-date yield on PFM-managed portfolio in 2018 was 1.52%. The duration of this portfolio was 2.11 years. It is longer than the City-managed portfolio because it was established to be the City’s long-term reserve fund. Longer portfolio duration means fewer opportunities to reinvest at higher rates and greater price sensitivity to rate hikes. The combined portfolio reflects an unrealized loss of $2.2 million for 2018 which was expected in the rising interest rates environment. The safety of our investments remains the City’s main priority, which is why over 90% of the investments in the portfolio are rated AAA or AA+ by the Standard & Poor’s credit rating agency.
PORTFOLIO PERFORMANCE
PORTFOLIO CHARACTERISTICS
12/31/2018
12/31/2017
Difference
City Interest Earnings
$3,000,881
$2,051,099
$949,782
Duration to Maturity (yrs)
PFM Interest Earnings
709,467
576,444
133,023
Yield to Maturity at Cost
1.951%
1.700%
Total Interest Earned
$3,710,347
$2,627,543
$1,082,804
Yield to Maturity at Market
2.707%
2.580%
YTD City Portfolio Yield
1.71%
1.29%
+42 bps
YTD PFM Portfolio Yield
1.52%
1.29%
+23 bps
YTD Benchmark
2.48%
1.43%
+105 bps
City
PFM 1.74
2.11
CREDIT QUALITY (S&P RATING) AA+ 82.6%
ACCOUNT SUMMARY City
PFM
Total
Par Value
$172,094,101
$51,140,000
$223,234,101
Book Value
172,163,991
51,074,244
223,238,235
Market Value
170,608,589
50,414,369
221,022,959
Unrealized Gain /(Loss)
$(1,555,401)
$(659,875)
$(2,215,276)
AAA 10.9% A-1 0.5%
AA4.5%
AA 1.5%
Investment Management Focus - 2019 The FOMC is slowing it tightening policy with the forecast of only one or possibly two interest rate increases in 2019. The City’s strategy will be to extend its portfolio duration by gradually increasing its holdings in the longer maturity buckets. The City will also continue to take advantage of the LGIP funds with their average overnight rate of 2.48% as of December 2018. This will allow ample cash should the City experience unexpected needs. Investment-grade corporate spreads has widened markedly towards the end of the year, making this sector more attractive. Being conscious of the bigger downgrade risk, the City will look for the buying opportunities of good quality corporate bonds to increase the investment allocation to this sector. The Federal Agencies’ spreads have widened as well, particularly on callable securities. (Call provisions are a tool used by issuers to refinance debt at a more attractive rate.) In the rising interest rate environment, the risk of securities being called is low. But if the rates remain flat or start decreasing, the risk of investments being called becomes much greater. In 2019, the City will start taking a more defensive stand and focus on shifting the allocation of investments from callable securities to bullets in order to prevent excessive portfolio turnover, should the interest rates start falling.
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