City of Arvada 2015-2016 Revenue Manual - Updated April 2016

Revenue Manual April 2016

City of Arvada Revenue Manual April 2016 Table of Contents Introduction ..................................................................................................................................1 General Fund Revenues..............................................................................................................3 Sales Tax (General Fund) .......................................................................................................4 Auto Use Tax (General Fund) ...............................................................................................5 Property Tax ............................................................................................................................6 Highway Users Trust Fund ...................................................................................................7 Building Use Tax (General Fund) .........................................................................................8 General Use Tax (General Fund) ..........................................................................................9 Specific Ownership Tax .......................................................................................................10 Admissions Tax .....................................................................................................................11 Road & Bridge Tax ................................................................................................................12 Cigarette Tax ..........................................................................................................................13 Lodging Tax ...........................................................................................................................14 Severance Tax & Federal Mineral Lease ............................................................................15 Franchise Fees – Power and Natural Gas Utility Service ................................................16 Franchise Fees – Telephone Service ...................................................................................17 Franchise Fees – Cable Television ......................................................................................18 Peg Cable Fees .......................................................................................................................19 Building Permit Fees.............................................................................................................20 Public Improvement Fees ....................................................................................................21 Development Plan Inspection Fees ....................................................................................22 Building Plan Review Fees ..................................................................................................23 Zoning & Subdivision Fees..................................................................................................24 Court Fines & Fees ................................................................................................................25 Court Costs ............................................................................................................................26 Professional & Occupational Licenses ...............................................................................27 Miscellaneous Motor Vehicle Licenses ..............................................................................28 Passport Fees .........................................................................................................................29 Investment Interest ...............................................................................................................30 Penalties/Interest/Adjustments ...........................................................................................31 Audit Revenue (General Fund)...........................................................................................32 50/50 Concrete Replacement Program ...............................................................................33 Miscellaneous Recovered Costs ..........................................................................................34

i

Police Tax Increment Funds .....................................................................................................35 Sales Tax (PD Tax Increments) ............................................................................................36 Auto Use Tax (PD Tax Increments) ....................................................................................37 Building Use Tax (PD Tax Increments)..............................................................................38 General Use Tax (PD Tax Increments) ...............................................................................39 Audit Revenue (PD Tax Increments) .................................................................................40 Other Major Governmental Revenues...................................................................................41 Conservation Trust Fund .....................................................................................................42 Jefferson County Open Space Sales Tax ............................................................................43 Adams County Transportation Sales Tax..........................................................................44 Adams County Open Space Sales Tax ...............................................................................45

ii

INTRODUCTION The Department of Finance is pleased to present this update to the 2015-2016 Revenue Manual for the City of Arvada. This document is intended to provide City Council, staff, and the citizens a comprehensive look at major City governmental revenues.

Enterprise revenues are beyond the current scope of this manual, but will be added in future revisions. While this document has been annually updated and reproduced for many years, both the format and data contained have been revised in order to make the manual a more useful tool in evaluating the City revenues.

Information provided for each revenue source includes: • • • • • • • • •

Up to ten years of actual annual receipts Updated 2015 data and revised estimates for 2016 Associated account numbers in Oracle, the City’s financial information management system The current rate at which the revenue is assessed A brief description of the revenue The governmental entity responsible for collecting the revenue The enabling legislation providing for the assessment and collection of the revenue Special use restrictions on the revenue (if any) Current rationale behind the estimates on future collections

GENERAL FUND REVENUES A vast majority of Arvada’s governmental revenues come in one of three types: taxes, fees or intergovernmental revenue. From the largest source, sales tax, to among the smallest, such as lodging taxes, these revenues fuel most of the City’s operating and capital needs.

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

Most fees are collected to offset the costs of a particular service offered by the City.

Examples include building permit and plan review fees imposed by Building Inspection to cover its operations, and development plan inspection fees imposed by the Department of Community Development for some of its work related to the Planning Commission, new developments and annexations.

As for intergovernmental revenues, these are taxes and fees imposed by other jurisdictions, usually the state or a county. By law, the City is entitled to a portion of any revenues collected. The largest example is the Highway Users Trust Fund, by which the State distributes motor fuel excise taxes and certain license and registration fees.

3

Revenue:

Sales Tax (General Fund)

$50,000,000 $45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000

Graphic

$20,000,000 $15,000,000 $10,000,000 $5,000,000 $-

Oracle Account(s):

2005

2006

2007

2008

2009

2010

2011

2012

Current Rate:

01.500010.41301 & 26.1001.41301

2013

2014

2015

2016 (R)

3.00%

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

Collecting Entity: Special Use Restrictions: Budget Rationale: History

Enabling Legislation:

City of Arvada

Arvada Code ยง98-61 et seq.

None, save for the annual appropriation of 20% of sales tax revenue to the Capital Improvements Fund and/or Debt Service Funds per Arvada Code ยง98-101 Based on year-to-date figures for 2015 and continued growth consistent with past receipts for 2016

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

Dollars $ 23,384,820 $ 28,626,427 $ 35,444,313 $ 35,945,909 $ 34,584,747 $ 34,776,789 $ 35,852,374 $ 37,954,667 $ 40,205,021 $ 43,211,511 $ 45,642,945 $ 47,069,758

YoY % 1.1% 22.4% 23.8% 1.4% -3.8% 0.6% 3.1% 5.9% 5.9% 7.5% 5.6% 3.1% 4

NOTES: The substantial jumps in 2006 and 2007 reflect the expiration of the Arvada City Center Urban Renewal Area and the subsequent addition of its sales tax increment to the General Fund.

Revenue:

Auto Use Tax (General Fund)

$8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000

Graphic $3,000,000 $2,000,000 $1,000,000 $-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

Current Rate:

01.500010.41304

2013

2014

2015

2016 (R)

3.00%

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

Collecting Entity:

Enabling Legislation:

Jefferson and Adams Counties

Special Use Restrictions: Budget Rationale: History

Arvada Code ยง98-61 et seq.

None With several years of incredible growth since 2009, projections presume a "breather"; this runs consistent with presumptions for Specific Ownership Tax receipts

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 4,888,469 4,316,614 4,720,335 4,298,598 3,929,577 3,981,079 4,340,794 4,804,227 5,379,579 5,982,520 6,973,209 5,940,000

YoY % -6.0% -11.7% 9.4% -8.9% -8.6% 1.3% 9.0% 10.7% 12.0% 11.2% 16.6% -14.8% 5

NOTES: Arvada has no large car dealers.

Revenue:

Property Tax

$6,000,000

$5,000,000

$4,000,000

$3,000,000

Graphic $2,000,000

$1,000,000

$-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

Current Rate:

01.500010.41101

2013

2014

2015

2016 (R)

4.31 Mills

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

Collecting Entity:

Enabling Legislation:

Jefferson and Adams Counties

Special Use Restrictions: Budget Rationale: History

CRS 39-10-101 et seq.

None

Presumes substantial increase based on preliminary valuations for 2015 tax year (paid in 2016)

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 3,993,781 4,135,847 4,383,304 4,718,720 4,770,519 4,637,622 4,643,015 4,500,376 4,556,940 4,600,994 4,668,082 5,350,000

YoY % 0.0% 3.6% 6.0% 7.7% 1.1% -2.8% 0.1% -3.1% 1.3% 1.0% 1.5% 14.6% 6

NOTES: Arvada has one of the lowest mill levies in the Denver Metro region.

Revenue:

Highway Users Trust Fund

$4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000

Graphic

$1,500,000 $1,000,000 $500,000 $-

2005

2006

Oracle Account(s): Description:

Collecting Entity: Special Use Restrictions: Budget Rationale: History

2007

2008

2009

2010

2011

2012

Current Rate:

01.500010.43301

2013

2014

2015

2016 (R)

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

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

Enabling Legislation:

Colorado Department of Local Affairs

CRS 43-4-201 et seq.

For the construction, engineering, reconstruction, maintenance, repair, equipment, improvement, and administration of the system of streets of Arvada or of any public highways located within Arvada Based on continued growth consistent with past receipts and roughly, though conservatively, consistent with State Legislative Council

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 2,907,327 3,351,496 3,258,738 3,111,780 3,340,063 3,791,075 3,809,048 3,818,142 3,847,443 3,937,402 4,083,374 3,993,533

YoY % -7.9% 15.3% -2.8% -4.5% 7.3% 13.5% 0.5% 0.2% 0.8% 2.3% 3.7% -2.2% 7

NOTES: This revenue source has been relatively flat over the past five years as Coloradans have increased their use of alternative forms of transportation.

Revenue:

Building Use Tax (General Fund)

$6,000,000

$5,000,000

$4,000,000

$3,000,000

Graphic $2,000,000

$1,000,000

$-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

Current Rate:

01.500010.41305

2013

2014

2015

2016 (R)

3.00% on the permit valuation

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

Collecting Entity:

Enabling Legislation:

City of Arvada

Special Use Restrictions: Budget Rationale: History

Arvada Code ยง98-61 et seq. & Arvada Code ยง98-84 et seq.

None While recognizing that building activity will likely remain highly elevated in the years to come, 2016 figures presume a base level of construction activity consistent with past years

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 2,309,274 2,046,815 1,641,238 1,527,375 2,042,532 1,732,770 1,780,442 2,385,633 2,884,866 4,431,197 5,215,500 2,142,000

YoY % -16.1% -11.4% -19.8% -6.9% 33.7% -15.2% 2.8% 34.0% 20.9% 53.6% 17.7% -58.9% 8

NOTES: The 2016 budget represents a base number that we can count upon through a ten-year model.

Revenue:

General Use Tax (General Fund)

$1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000

Graphic

$600,000 $400,000 $200,000 $-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

2013

2014

Current Rate:

01.500010.41303

2015

2016 (R)

3.00%

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

Collecting Entity:

Enabling Legislation:

City of Arvada

Special Use Restrictions:

None

Budget Rationale: History

Arvada Code ยง98-61 et seq.

Based on continued growth consistent with past receipts

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 1,370,565 1,247,264 1,122,238 1,467,655 1,278,837 1,374,997 1,511,848 1,220,977 1,554,343 1,533,818 1,598,995 1,600,967

YoY % 20.3% -9.0% -10.0% 30.8% -12.9% 7.5% 10.0% -19.2% 27.3% -1.3% 4.2% 0.1% 9

NOTES:

Revenue:

Specific Ownership Tax

$450,000 $400,000 $350,000 $300,000 $250,000 $200,000

Graphic

$150,000 $100,000 $50,000 $-

2005

2006

Oracle Account(s): Description:

Collecting Entity:

2007

2008

2009

2010

2011

2012

Current Rate:

01.500010.41201

2013

2014

2015

2016 (R)

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

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

Enabling Legislation:

Jefferson and Adams Counties

Special Use Restrictions:

CRS 42-3-107

None

Budget Rationale:

With substantial growth since 2011, projections presume a "breather"; this runs consistent with presumptions for Auto Use Tax receipts

History

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 409,914 398,451 401,860 380,414 350,042 323,059 310,268 328,784 349,999 375,638 405,439 360,498

YoY % -2.3% -2.8% 0.9% -5.3% -8.0% -7.7% -4.0% 6.0% 6.5% 7.3% 7.9% -11.1% 10

NOTES:

Revenue:

Admissions Tax

$250,000

$200,000

$150,000

Graphic

$100,000

$50,000

$-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

2013

2014

Current Rate:

01.500010.41501

2015

2016 (R)

4.00%

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

Collecting Entity:

Enabling Legislation:

City of Arvada

Special Use Restrictions:

None

Budget Rationale: History

Arvada Code ยง98-311 et seq.

Based on continued growth consistent with past receipts

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 28,165 67,913 139,911 145,076 164,772 156,180 156,731 182,911 185,397 162,895 145,939 192,457

YoY % 16.0% 141.1% 106.0% 3.7% 13.6% -5.2% 0.4% 16.7% 1.4% -12.1% -10.4% 31.9% 11

NOTES:

Revenue:

Road & Bridge Tax

$1,400,000 $1,200,000 $1,000,000 $800,000

Graphic

$600,000 $400,000 $200,000 $-

2005

2006

Oracle Account(s): Description:

2007

2008

2009

2010

2011

2012

Current Rate:

01.500010.43501

2013

2014

2015

2016 (R)

Jefferson County: 1.4000 Mills; Adams County: 1.3000 Mills

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

Collecting Entity:

Jefferson and Adams Counties

Special Use Restrictions:

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

Budget Rationale: History

Enabling Legislation:

CRS 43-2-202

Presumes a substantial increase for calendar 2016, as is the case with Property Tax, though at a lower rate since counties may change their Road & Bridge levies at their own discretion

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 1,207,917 1,180,838 1,244,222 1,252,934 1,251,677 970,358 776,092 855,684 718,844 730,239 734,993 826,925

YoY % 2.6% -2.2% 5.4% 0.7% -0.1% -22.5% -20.0% 10.3% -16.0% 1.6% 0.7% 12.5% 12

NOTES: The small increases in the past couple of years raised Arvada's share of the tax to only 60% of what we received in 2008 and 2009.

Revenue:

Cigarette Tax

$250,000

$200,000

$150,000

Graphic

$100,000

$50,000

$-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

2013

Current Rate:

01.500010.41401

2014

2015

2016 (R)

$0.042 per cigarette

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

Collecting Entity: Special Use Restrictions:

CRS 39-28-101 et seq.

None on Arvada's share

Budget Rationale: History

Enabling Legislation:

Colorado Department of Revenue

Assumes stabilized level of revenue consistent with recent years

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 187,225 196,906 191,110 182,101 173,253 175,258 172,703 167,760 163,285 163,313 164,432 165,000

YoY % -18.2% 5.2% -2.9% -4.7% -4.9% 1.2% -1.5% -2.9% -2.7% 0.0% 0.7% 0.3% 13

NOTES:

Revenue:

Lodging Tax

$25,000

$20,000

$15,000

Graphic

$10,000

$5,000

$-

2005

2006

Oracle Account(s): Description:

2007

2008

2009

2010

2011

2013

Current Rate:

01.500010.41601

2014

2015

2016 (R)

2.00%

A tax imposed by the City of Arvada for the purchase price paid or charged for lodging within the City of Arvada for a period of less than 30 consecutive days (lodging tax was not booked separately from sales tax until late 2007)

Collecting Entity:

Enabling Legislation:

City of Arvada

Special Use Restrictions:

Arvada Code ยง98-241 et seq.

None

Budget Rationale: History

2012

Assumes stabilized level of revenue consistent with recent years

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $

Dollars N/A N/A N/A 12,148 11,747 14,507 17,104 14,525 17,316 20,839 22,511 10,000

YoY % N/A N/A N/A N/A -3.3% 23.5% 17.9% -15.1% 19.2% 20.3% 8.0% -55.6% 14

NOTES:

Revenue:

Severance Tax & Federal Mineral Lease

$180,000 $160,000 $140,000 $120,000 $100,000 $80,000

Graphic

$60,000 $40,000 $20,000 $-

2005

2006

Oracle Account(s): Description:

Collecting Entity:

2007

2008

2009

2010

2011

History

2013

Current Rate:

01.500010.43650

2014

2015

2016 (R)

Varies

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

Enabling Legislation:

Colorado Department of Local Affairs

Special Use Restrictions: Budget Rationale:

2012

CRS 39-29-101 et seq. and CRS 34-63101 et seq.

None

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

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $

Dollars N/A 24,162 25,737 93,059 113,111 49,078 62,465 89,146 96,875 164,698 157,559 75,000

YoY % N/A N/A 6.5% 261.6% 21.5% -56.6% 27.3% 42.7% 8.7% 70.0% -4.3% -52.4% 15

NOTES:

Revenue:

Franchise Fees - Power and Natural Gas Utility Service

$3,500,000 $3,000,000 $2,500,000 $2,000,000

Graphic

$1,500,000 $1,000,000 $500,000 $-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

Current Rate:

01.500010.41801

2013

2014

2015

2016 (R)

3.00% on all gross revenues for franchisee

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

Collecting Entity:

Enabling Legislation:

City of Arvada

Special Use Restrictions:

None

Budget Rationale: History

Ord. 4120 (Public Service Company) and Ord. 4166 (United Power)

Based on continued growth consistent with past receipts

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 2,587,934 2,712,173 2,711,935 3,032,728 2,708,459 2,958,847 2,940,189 2,754,684 2,998,649 3,062,743 2,867,854 3,229,217

YoY % 11.8% 4.8% 0.0% 11.8% -10.7% 9.2% -0.6% -6.3% 8.9% 2.1% -6.4% 12.6% 16

NOTES:

Revenue:

Franchise Fees - Telephone Service

$300,000

$250,000

$200,000

$150,000

Graphic $100,000

$50,000

$-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

Current Rate:

01.500010.41802

2013

2014

2015

2016 (R)

$0.455 per line each month

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

Collecting Entity:

Enabling Legislation:

City of Arvada

Special Use Restrictions:

None

Budget Rationale: History

Arvada Code ยง98-31 et seq.

Assumes stabilized level of revenue consistent with recent years

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 267,565 264,967 260,596 245,571 239,527 223,463 205,981 197,344 188,876 188,646 199,882 190,950

YoY % -3.5% -1.0% -1.6% -5.8% -2.5% -6.7% -7.8% -4.2% -4.3% -0.1% 6.0% -4.5% 17

NOTES: Revenue was declining as some Arvada residents eliminated their land lines in favor of cellular phones.

Revenue:

Franchise Fees - Cable Television

$1,400,000 $1,200,000 $1,000,000 $800,000

Graphic

$600,000 $400,000 $200,000 $-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

Current Rate:

01.500010.41803

2013

2014

2015

2016 (R)

5.00% on gross revenues for franchisee

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

Collecting Entity:

Enabling Legislation:

City of Arvada

Special Use Restrictions:

None

Budget Rationale: History

Comcast: Ordinance 4495 Baja: Ordinance 4432

Based on continued growth consistent with past receipts

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 799,095 854,441 905,329 950,739 988,208 1,024,066 1,021,114 1,080,498 1,120,704 1,147,925 1,173,882 1,173,000

YoY % 3.1% 6.9% 6.0% 5.0% 3.9% 3.6% -0.3% 5.8% 3.7% 2.4% 2.3% -0.1% 18

NOTES:

Revenue:

PEG Cable Fees

$140,000 $120,000 $100,000 $80,000

Graphic

$60,000 $40,000 $20,000 $-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

Current Rate:

01.151012.41804

2013

2014

2015

2016 (R)

$0.50 per month per residential subscriber

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

Collecting Entity: Special Use Restrictions:

Franchise Agreements with City

For public, educational, and governmental capital costs for public access television

Budget Rationale: History

Enabling Legislation:

City of Arvada

Based on continuingly stable receipts consistent with recent history

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 123,765 125,564 125,152 123,233 124,306 121,077 115,764 114,716 111,557 110,425 108,907 121,200

YoY % 0.2% 1.5% -0.3% -1.5% 0.9% -2.6% -4.4% -0.9% -2.8% -1.0% -1.4% 11.3% 19

NOTES: PEG Fees are used to enhance KATV services.

Revenue:

Building Permit Fees

$4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000

Graphic

$1,500,000 $1,000,000 $500,000 $-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

Current Rate:

01.732030.42201

2013

2014

2015

2016 (R)

Depends based on valuation of construction covered by permit

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

Collecting Entity: Special Use Restrictions: Budget Rationale: History

Enabling Legislation:

City of Arvada

Arvada Code ยง18-42

Fees collected are to offset costs incurred by the City While recognizing that building activity will likely remain highly elevated in the years to come, 2016 figures presume a base level of construction activity consistent with past years

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 1,771,276 1,461,615 1,300,148 1,389,197 2,639,886 1,908,244 1,460,128 1,892,874 2,183,950 3,451,592 3,907,801 2,099,704

YoY % -11.1% -17.5% -11.0% 6.8% 90.0% -27.7% -23.5% 29.6% 15.4% 58.0% 13.2% -70.0% 20

NOTES: The 2016 budget represents a base number that we can count upon through a ten-year model.

Revenue:

Public Improvement Fees

$600,000

$500,000

$400,000

$300,000

Graphic $200,000

$100,000

$-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

2013

2014

Current Rate:

01.701014.42202

2015

2016 (R)

Varies

Description: To pay for the administration of the City's system of permitting for improvements and other work within public rights-of-way

Collecting Entity: Special Use Restrictions: Budget Rationale: History

Enabling Legislation:

City of Arvada

Arvada Code ยง78-291 et seq.

Fees collected are to offset costs incurred by the City While recognizing that building activity will likely remain highly elevated in the years to come, 2016 figures presume a base level of construction activity consistent with past years

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 244,333 137,742 321,736 71,975 57,434 79,365 157,680 231,812 357,647 489,022 444,332 150,000

YoY % 62.5% -43.6% 133.6% -77.6% -20.2% 38.2% 98.7% 47.0% 54.3% 36.7% -9.1% -66.2% 21

NOTES: This revenue increases as new developments are being established.

Revenue:

Development Plan Inspection Fees

$60,000

$50,000

$40,000

$30,000

Graphic $20,000

$10,000

$-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

2013

2014

Current Rate:

01.761010.42303

2015

2016 (R)

Varies

Description: Fee charged by the Department of Community Development for the review of development plans

Collecting Entity: Special Use Restrictions: Budget Rationale: History

Enabling Legislation:

City of Arvada

Arvada Code ยง74-31

Fees collected are to offset costs incurred by the City While recognizing that relevant City growth will likely remain highly elevated in the years to come, 2016 figures presume a base level of activity consistent with past years

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 7,700 7,275 4,310 5,725 4,015 7,880 8,455 16,675 27,900 30,725 50,325 16,000

YoY % -20.7% -5.5% -40.8% 32.8% -29.9% 96.3% 7.3% 97.2% 67.3% 10.1% 63.8% -68.2% 22

NOTES:

Revenue:

Building Plan Review Fees

$700,000 $600,000 $500,000 $400,000

Graphic

$300,000 $200,000 $100,000 $-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

Current Rate:

01.732010.44103

2013

2014

2015

2016 (R)

Varies based on valuation of permit

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

Collecting Entity: Special Use Restrictions: Budget Rationale: History

Enabling Legislation:

City of Arvada

Arvada Code ยง18-42

Fees collected are to offset costs incurred by the City While recognizing that building activity will likely remain highly elevated in the years to come, 2016 figures presume a base level of construction activity consistent with past years

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 355,311 236,551 279,293 255,099 161,972 241,854 187,850 306,570 317,851 499,178 634,501 275,000

YoY % 6.4% -33.4% 18.1% -8.7% -36.5% 49.3% -22.3% 63.2% 3.7% 57.0% 27.1% -56.7% 23

NOTES: The 2016 budget represents a base number that we can count upon through a ten-year model.

Revenue:

Zoning & Subdivision Fees

$180,000 $160,000 $140,000 $120,000 $100,000 $80,000

Graphic

$60,000 $40,000 $20,000 $-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

2013

2014

Current Rate:

01.761010.44104

2015

2016 (R)

Varies

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

Collecting Entity: Special Use Restrictions: Budget Rationale: History

Enabling Legislation:

City of Arvada

Arvada Code ยง74-31

Fees collected are to offset costs incurred by the City While recognizing that relevant City growth will likely remain highly elevated in the years to come, 2016 figures presume a base level of activity consistent with past years

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 69,054 64,914 89,651 88,315 87,517 58,498 150,357 157,133 150,165 144,100 119,373 90,000

YoY % -19.0% -6.0% 38.1% -1.5% -0.9% -33.2% 157.0% 4.5% -4.4% -4.0% -17.2% -24.6% 24

NOTES:

Revenue:

Court Fines & Fees

$1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000

Graphic $600,000 $400,000 $200,000 $-

Oracle Account(s):

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

Current Rate:

01.201010.45001, 45004, 45005, & 45050

2015

2016 (R)

Varies

Description: Fines and fees for traffic, parking, and other citations issued by the Arvada Police Department and adjudicated in the Arvada Municipal Court

Collecting Entity:

Enabling Legislation:

City of Arvada

Special Use Restrictions:

None

Budget Rationale: History

Arvada Code ยง58-1

Based on continued growth consistent with past receipts

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 905,000 884,969 910,619 1,032,961 1,257,831 1,092,236 905,778 1,242,305 1,279,056 1,220,356 1,462,454 1,387,120

YoY % 3.6% -2.2% 2.9% 13.4% 21.8% -13.2% -17.1% 37.2% 3.0% -4.6% 19.8% -5.2% 25

NOTES:

Revenue:

Court Costs

$500,000 $450,000 $400,000 $350,000 $300,000 $250,000

Graphic

$200,000 $150,000 $100,000 $50,000 $-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

Current Rate:

01.201010.45003

2013

2014

2015

2016 (R)

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

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

Collecting Entity: Special Use Restrictions:

Arvada Code ยง58-13

Fees collected are to offset costs incurred by the City

Budget Rationale: History

Enabling Legislation:

City of Arvada

Based on continued growth consistent with past receipts

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 224,049 267,164 314,190 345,031 375,283 465,574 355,719 438,468 430,810 389,035 383,658 443,864

YoY % -1.9% 19.2% 17.6% 9.8% 8.8% 24.1% -23.6% 23.3% -1.7% -9.7% -1.4% 15.7% 26

NOTES:

Revenue:

Professional & Occupational Licenses

$200,000 $180,000 $160,000 $140,000 $120,000 $100,000

Graphic

$80,000 $60,000 $40,000 $20,000 $-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

2013

Current Rate:

01.732030.42103

2014

2015

2016 (R)

$50 - $200/year

Description: Fees charged for the annual licensing of private contractors who perform either construction or demolition work or services in the City

Collecting Entity: Special Use Restrictions:

Arvada Code ยง18-71 et seq.

Fees collected are to offset costs incurred by the City

Budget Rationale: History

Enabling Legislation:

City of Arvada

Based on continuingly stable receipts consistent with recent history

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 150,756 146,026 140,653 150,020 180,513 181,033 159,982 163,450 177,778 185,900 181,725 175,000

YoY % 6.2% -3.1% -3.7% 6.7% 20.3% 0.3% -11.6% 2.2% 8.8% 4.6% -2.2% -3.7% 27

NOTES:

Revenue:

Miscellaneous Motor Vehicle Licenses

$500,000 $450,000 $400,000 $350,000 $300,000 $250,000

Graphic

$200,000 $150,000 $100,000 $50,000 $-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

Current Rate:

01.500010.42150

2013

2014

2015

2016 (R)

$1.50 to $2.50 per vehicle

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

Collecting Entity: Special Use Restrictions:

CRS 42-3-310

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

Budget Rationale: History

Enabling Legislation:

Jefferson and Adams Counties

Based on continuingly stable receipts consistent with recent history

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 364,955 364,185 378,598 381,787 384,644 387,156 388,830 401,182 408,103 422,767 430,037 424,200

YoY % 9.0% -0.2% 4.0% 0.8% 0.7% 0.7% 0.4% 3.2% 1.7% 3.6% 1.7% -1.4% 28

NOTES:

Revenue:

Passport Fees

$140,000 $120,000 $100,000 $80,000

Graphic

$60,000 $40,000 $20,000 $-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

Current Rate:

01.152013.44107

2013

2014

2015

2016 (R)

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

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

Collecting Entity: Special Use Restrictions: Budget Rationale: History

Enabling Legislation:

City of Arvada

Arvada Code ยง2-261 et seq. [provision for admin fees in general]

Fees collected are to offset costs incurred by the City

Conservatively presumes a leveling off of receipts from substantial jumps in recent years

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 45,571 38,735 67,126 53,062 61,705 51,097 41,546 46,839 61,491 73,996 116,386 70,000

YoY % 42.4% -15.0% 73.3% -21.0% 16.3% -17.2% -18.7% 12.7% 31.3% 20.3% 57.3% -39.9% 29

NOTES:

Revenue:

Investment Interest

$1,400,000 $1,200,000 $1,000,000 $800,000

Graphic

$600,000 $400,000 $200,000 $-

Oracle Account(s):

2005

2006

2007

2008

2009

2010

2011

2012

2013

Current Rate:

01.500010.46101, 46102, & 46104

2014

2015

2016 (R)

Market Rates

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

Collecting Entity:

Enabling Legislation:

City of Arvada

Special Use Restrictions: Budget Rationale: History

Arvada Code ยง2-232 et seq.

None Presumes a continued low interest rate investment market and AURA's payoff of a note in the near-term for with the City was paid interest

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 831,746 1,295,112 1,001,777 1,108,109 502,453 436,075 342,513 272,982 234,100 355,259 437,814 114,000

YoY % -33.0% 55.7% -22.6% 10.6% -54.7% -13.2% -21.5% -20.3% -14.2% 51.8% 23.2% -74.0% 30

NOTES:

Revenue:

Penalties/Interest/Adjustments

$500,000 $450,000 $400,000 $350,000 $300,000 $250,000

Graphic

$200,000 $150,000 $100,000 $50,000 $-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

2013

Current Rate:

01.500010.41308

2014

2015

2016 (R)

Varies

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

Collecting Entity:

Enabling Legislation:

City of Arvada

Special Use Restrictions:

None

Budget Rationale: History

Arvada Code ยง98-71 et seq.

Based on continuingly stable receipts consistent with recent history

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 134,053 176,619 168,854 103,331 209,979 433,305 77,229 116,838 143,818 131,463 116,997 80,000

YoY % 20.0% 31.8% -4.4% -38.8% 103.2% 106.4% -82.2% 51.3% 23.1% -8.6% -11.0% -31.6% 31

NOTES:

Revenue:

Audit Revenue (General Fund)

$1,200,000

$1,000,000

$800,000

$600,000

Graphic $400,000

$200,000

$-

2005

2006

Oracle Account(s): Description:

2007

2008

2009

2010

2012

2013

Current Rate:

01.500010.41309

2014

2015

2016 (R)

N/A

Per municipal ordinance, an enforcement officer may conduct an audit of taxpayer records in order to verify accurate calculation and remittance of City taxes (audit revenue was not booked separately from sales tax until 2009)

Collecting Entity:

Enabling Legislation:

City of Arvada

Special Use Restrictions:

Arvada Code ยง98-91

None

Budget Rationale: History

2011

Based on continuingly stable receipts consistent with recent history

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $

Dollars N/A N/A N/A N/A 600,947 964,872 235,832 155,530 140,125 149,662 197,938 150,000

YoY % N/A N/A N/A N/A N/A 60.6% -75.6% -34.1% -9.9% 6.8% 32.3% -24.2% 32

NOTES:

Revenue:

50/50 Concrete Replacement Program

$160,000 $140,000 $120,000 $100,000 $80,000

Graphic $60,000 $40,000 $20,000 $-

2005

2006

Oracle Account(s): Description:

2007

2009

2010

2011

2012

Current Rate:

01.705012.46503

2013

2014

2015

2016 (R)

50% of cost ascribed to participating property

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

Collecting Entity:

Enabling Legislation:

City of Arvada

Special Use Restrictions:

Arvada Code ยง94-36

Only for offsetting City expenditures for concrete replacement

Budget Rationale: History

2008

Based on continuingly stable receipts consistent with recent history

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 94,029 103,090 138,731 79,372 105,531 118,004 151,600 106,583 136,620 128,558 130,926 120,000

YoY % 15.8% 9.6% 34.6% -42.8% 33.0% 11.8% 28.5% -29.7% 28.2% -5.9% 1.8% -8.3% 33

NOTES:

Revenue:

Miscellaneous Recovered Costs

$900,000 $800,000 $700,000 $600,000 $500,000 $400,000

Graphic

$300,000 $200,000 $100,000 $-

Oracle Account(s): Description:

2005

2006

2007

2008

2010

2011

2012

2013

Current Rate:

01.500010.44510, 46201, 46450, 46501, 46502, 46503, 46505, 46506, & 46601

2014

2015

2016 (R)

Varies

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

Collecting Entity:

Enabling Legislation:

City of Arvada

Special Use Restrictions:

Various

Generally none

Budget Rationale: History

2009

Based on continuingly stable receipts consistent with recent history

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 334,625 412,051 432,375 583,886 707,702 639,485 305,285 735,370 788,634 779,507 753,749 694,395

YoY % -14.9% 23.1% 4.9% 35.0% 21.2% -9.6% -52.3% 140.9% 7.2% -1.2% -3.3% -7.9% 34

NOTES:

POLICE TAX INCREMENT FUNDS Unlike the General Fund, revenue for the City’s two Police Tax Increment Funds is almost exclusively in the form of sales and use taxes. In 1993, the electorate of the City approved a 0.21% increase to the City’s sales and use tax rate of 3.00%, with all proceeds from that increment of the total sales and use tax rate dedicated to expanding police services. In 2005, voters approved an additional increase, this time 0.25%, to further expand the Arvada Police Department. With the addition of this second tax increment dedicated to public safety, Arvada reached its current sales and use tax rate of 3.46% on January 1, 2006.

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

35

Revenue:

Sales Tax (PD Tax Increments)

$8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000

Graphic $3,000,000 $2,000,000 $1,000,000 $-

Oracle Account(s): Description:

2005

2006

2007

2010

2011

2012

Current Rate:

2013

2014

2015

2016 (R)

PD TI .21: 0.21%; PD TI .25: 0.25%

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

Enabling Legislation:

City of Arvada

Special Use Restrictions:

History

2009

21.600000.41352 & 22.600000.41352

Collecting Entity:

Budget Rationale:

2008

Arvada Code ยง98-61 et seq.

Solely for police purposes as approved by election for each

Based on year-to-date figures for 2015 and continued growth consistent with past receipts for 2016

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 1,660,295 4,536,416 5,435,994 5,510,298 5,303,111 5,332,421 5,627,846 5,960,736 6,303,841 6,770,242 7,157,984 7,480,730

YoY % 2.3% 173.2% 19.8% 1.4% -3.8% 0.6% 5.5% 5.9% 5.8% 7.4% 5.7% 4.5% 36

NOTES:

Revenue:

Auto Use Tax (PD Tax Increments)

$1,200,000

$1,000,000

$800,000

$600,000

Graphic $400,000

$200,000

$-

Oracle Account(s):

2005

2006

2007

2008

2009

2010

2011

2012

Current Rate:

21.600000.41354 & 22.600000.41354

2013

2014

2015

2016 (R)

PD TI .21: 0.21%; PD TI .25: 0.025%

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

Collecting Entity: Special Use Restrictions: Budget Rationale: History

Enabling Legislation:

Jefferson and Adams Counties

Arvada Code ยง98-61 et seq.

Solely for police purposes as approved by election for each With several years of incredible growth since 2009, projections presume a "breather"; this runs consistent with presumptions for Specific Ownership Tax receipts

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 342,195 661,881 723,785 659,116 602,533 612,232 665,589 735,040 826,022 917,320 1,069,225 889,110

YoY % 2.6% 93.4% 9.4% -8.9% -8.6% 1.6% 8.7% 10.4% 12.4% 11.1% 16.6% -16.8% 37

NOTES:

Revenue:

Building Use Tax (PD Tax Increments)

$900,000 $800,000 $700,000 $600,000 $500,000 $400,000

Graphic

$300,000 $200,000 $100,000 $-

Oracle Account(s):

2005

2006

2007

2008

2009

2010

2011

2012

Current Rate:

21.600000.41355 & 22.600000.41355

2013

2014

2015

2016 (R)

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

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

Collecting Entity: Special Use Restrictions: Budget Rationale: History

Enabling Legislation:

City of Arvada

Arvada Code ยง98-61 et seq. & Arvada Code ยง98-84 et seq.

Solely for police purposes as approved by election for each While recognizing that building activity will likely remain highly elevated in the years to come, 2016 figures presume a base level of construction activity consistent with past years

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 161,647 338,261 251,675 234,128 313,191 267,030 272,959 365,783 442,784 679,350 799,772 328,440

YoY % -16.1% 109.3% -25.6% -7.0% 33.8% -14.7% 2.2% 34.0% 21.1% 53.4% 17.7% -58.9% 38

NOTES: The 2016 budget represents a base number that we can count upon through a ten-year model.

Revenue:

General Use Tax (PD Tax Increments)

$300,000

$250,000

$200,000

$150,000

Graphic $100,000

$50,000

$-

Oracle Account(s):

2005

2006

2007

2008

2009

2010

2011

2012

Current Rate:

21.600000.41353 & 22.600000.41353

2013

2014

2015

2016 (R)

PD TI .21: 0.21%; PD TI .25: 0.25%

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

Collecting Entity: Special Use Restrictions:

Arvada Code ยง98-61 et seq.

Solely for police purposes as approved by election for each

Budget Rationale: History

Enabling Legislation:

City of Arvada

Based on continued growth consistent with past receipts

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 95,940 191,375 172,259 225,040 196,088 210,833 231,806 187,203 238,316 235,168 245,162 236,171

YoY % 20.2% 99.5% -10.0% 30.6% -12.9% 7.5% 9.9% -19.2% 27.3% -1.3% 4.2% -3.7% 39

NOTES:

Revenue:

Audit Revenue (PD Tax Increments)

$160,000 $140,000 $120,000 $100,000 $80,000

Graphic $60,000 $40,000 $20,000 $-

Oracle Account(s): Description:

2005

2006

2007

2009

2010

2011

2012

2013

2014

Current Rate:

21.600000.41309 & 22.600000.41309

2015

2016 (R)

N/A

Per municipal ordinance, an enforcement officer may conduct an audit of taxpayer records in order to verify accurate calculation and remittance of City taxes (audit revenue was not booked separately from sales tax until 2009)

Collecting Entity:

Enabling Legislation:

City of Arvada

Special Use Restrictions:

Arvada Code ยง98-91

Solely for police purposes as approved by election for each

Budget Rationale: History

2008

Based on continuingly stable receipts consistent with recent history

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $

Dollars N/A N/A N/A N/A 92,145 147,947 36,159 23,846 21,483 22,944 12,132 22,000

YoY % N/A N/A N/A N/A N/A 60.6% -75.6% -34.1% -9.9% 6.8% -47.1% 81.3% 40

NOTES:

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

Conservation Trust Fund – Arvada’s quarterly share of proceeds from the Colorado Lottery, which the City primarily uses on capital projects for park and recreation amenities Jefferson County Open Space Sales Tax – Arvada’s monthly share of Jefferson County Open Space revenue, which the City has been using solely for Parks Maintenance operations since 2008 Adams County Transportation Sales Tax – a monthly share from Adams County for use on road and bridge projects Adams County Open Space Sales Tax – a biannual distribution of Open Space Sales Tax revenue from Adams County

41

Revenue:

Conservation Trust Fund

$700,000 $600,000 $500,000 $400,000

Graphic

$300,000 $200,000 $100,000 $-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

Current Rate:

03.2601.43401

2013

2014

2015

2016 (R)

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

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

Collecting Entity: Special Use Restrictions:

Colorado Constitution Article 27, ยง3 and CRS 29-21-101 et seq.

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

Budget Rationale: History

Enabling Legislation:

Colorado Department of Local Affairs

Based on continued growth consistent with past receipts

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 477,349 580,556 539,626 543,785 508,600 479,326 491,441 538,321 587,297 530,706 539,560 555,500

YoY % 2.1% 21.6% -7.1% 0.8% -6.5% -5.8% 2.5% 9.5% 9.1% -9.6% 1.7% 3.0% 42

NOTES:

Revenue:

Jefferson County Open Space Sales Tax

$4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000

Graphic

$1,500,000 $1,000,000 $500,000 $-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

Current Rate:

14.800000.43502

2013

2014

2015

2016 (R)

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

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

Collecting Entity: Special Use Restrictions:

Jefferson County Ordinances

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

Budget Rationale: History

Enabling Legislation:

Jefferson County

Based on continued growth consistent with past receipts

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 2,835,235 2,887,074 3,010,389 3,042,648 3,018,670 3,119,450 3,142,349 3,312,981 3,537,126 3,685,566 3,978,094 3,910,017

YoY % 2.7% 1.8% 4.3% 1.1% -0.8% 3.3% 0.7% 5.4% 6.8% 4.2% 7.9% -1.7% 43

NOTES:

Revenue:

Adams County Transportation Sales Tax

$200,000 $180,000 $160,000 $140,000 $120,000 $100,000

Graphic

$80,000 $60,000 $40,000 $20,000 $-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

Current Rate:

31.9001.43503

2013

2014

2015

2016 (R)

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

Description: A tax on all tangible personal property and services taxable with several enumerated exemptions (a change in the municipal share due to Arvada caused the substantial drop beginning in 2009)

Collecting Entity: Special Use Restrictions:

Adams County Resolution 06-01 [voter approved]

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

Budget Rationale: History

Enabling Legislation:

Adams County

Based on continuingly stable receipts consistent with recent history

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 179,585 159,887 164,809 167,933 73,158 66,936 62,729 112,681 80,201 73,560 88,000 65,564

YoY % 22.9% -11.0% 3.1% 1.9% -56.4% -8.5% -6.3% 79.6% -28.8% -8.3% 19.6% -25.5% 44

NOTES:

Revenue:

Adams County Open Space Sales Tax

$45,000 $40,000 $35,000 $30,000 $25,000 $20,000

Graphic

$15,000 $10,000 $5,000 $-

2005

2006

Oracle Account(s):

2007

2008

2009

2010

2011

2012

Current Rate:

31.9007.43502

2013

2014

2015

2016 (R)

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

Description: A tax on all sales of tangible personal property at retail or the furnishing of services in the County

Collecting Entity: Special Use Restrictions:

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

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

Budget Rationale: History

Enabling Legislation:

Adams County

Based on continuingly stable receipts consistent with recent history

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 (R)

$ $ $ $ $ $ $ $ $ $ $ $

Dollars 19,708 18,395 21,998 24,758 26,417 24,871 24,236 25,285 40,697 28,655 28,295 27,318

YoY % -1.3% -6.7% 19.6% 12.5% 6.7% -5.9% -2.6% 4.3% 61.0% -29.6% -1.3% -3.5% 45

NOTES:

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

Bryan Archer, Director of Finance Lisa Yagi, Assistant Director of Finance Ryan Adler, Budget Analyst Ezequiel Vasquez, Revenue Manager Arlene Martinez, Executive Assistant