Revenue Manual December 2019
City of Arvada Revenue Manual December 2019 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 Miscellaneous Motor Vehicle Licenses ..............................................................................27 Passport Fees .........................................................................................................................28 Interfund Transfers ...............................................................................................................29 Investment Interest ...............................................................................................................30 Penalties/Interest/Adjustments ...........................................................................................31 Audit Revenue (General Fund) ...........................................................................................32 50/50 Concrete Replacement Program ...............................................................................33
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Miscellaneous Recovered Costs ..........................................................................................34 Police Tax Increment Funds .....................................................................................................36 Sales Tax (PD Tax Increments) ............................................................................................37 Auto Use Tax (PD Tax Increments) ....................................................................................38 Building Use Tax (PD Tax Increments)..............................................................................39 General Use Tax (PD Tax Increments) ...............................................................................40 Audit Revenue (PD Tax Increments) .................................................................................41 Other Major Governmental Revenues...................................................................................42 Conservation Trust Fund .....................................................................................................43 Jefferson County Open Space Sales Tax ............................................................................44 Adams County Transportation Sales Tax..........................................................................45 Adams County Open Space Sales Tax ...............................................................................46
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INTRODUCTION The Department of Finance is pleased to present the 2019 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 Budget estimates for 2020-2021 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
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GENERAL FUND REVENUES Taxes
A vast majority of Arvada’s governmental revenues come
Fees
in one of three types:
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. The breakout of revenue sources for the General Fund in 2019 was as follows:
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Sales Tax (General Fund)
Revenue: $60,000,000
$50,000,000
$40,000,000
$30,000,000
Graphic
$20,000,000
$10,000,000
$-
Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Percentage of total 2019 General Fund Revenue 53.42%
2010
2011
2012
2013
2014
01.500010.41301 & 26.1001.41301
2015
2016
Current Rate:
2017
2018
2019
2020 (B)
2021 (B)
3.00%
A tax on all sales and services taxable in the City of Arvada, save for several enumerated exceptions at a rate set by the City of Arvada
City of Arvada
Enabling Legislation:
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 2018 and continued growth consistent with past receipts for 2019
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
YoY % 0.6% 3.1% 5.9% 5.9% 7.5% 6.2% 4.8% 6.0% 1.3% 2.5% 2.5% 2.5%
Dollars 34,776,789 35,852,374 37,954,667 40,205,021 43,211,511 45,902,693 48,111,672 50,986,424 51,651,504 52,950,067 54,265,071 55,621,697 4
NOTES: The electors of Arvada approved the City's first sales tax (1.0%) in 1969.
Auto Use Tax (General Fund)
Revenue: $9,000,000 $8,000,000 $7,000,000 $6,000,000 $5,000,000
Graphic
$4,000,000 $3,000,000 $2,000,000 $1,000,000 $-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
2013
2014
01.500010.41304
2015
Current Rate:
History Percentage of total 2019 General Fund Revenue 8.21%
2017
2018
2019
2020 (B)
2021 (B)
3.00%
A tax on all motor vehicles registered within the boundaries of the City of Arvada immediately subsequent to their sale at a rate set by the City of Arvada
Jefferson and Adams Counties
Enabling Legislation:
Special Use Restrictions: Budget Rationale:
2016
Arvada Code ยง98-61 et seq.
None With several years of incredible growth since 2010, projections presume a "breather"; this runs consistent with presumptions for Specific Ownership Tax receipts
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
YoY % 1.3% 9.0% 10.7% 12.0% 11.2% 16.6% 2.7% 19.2% -6.1% 1.3% -7.5% 0.0%
Dollars 3,981,079 4,340,794 4,804,227 5,379,579 5,982,520 6,973,209 7,162,405 8,540,345 8,022,545 8,129,398 7,520,593 7,520,593 5
NOTES: Taxes are paid to the jurisdictions in which a motor vehicle is registered, not where it is sold. As such, Arvada's lack of a large car dealer is immaterial to the City's collection of these taxes. This is a very volatile and cyclical revenue that needs to be monitored carefully.
Property Tax
Revenue: $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: Collecting Entity:
2010
2011
2012
2013
2014
01.500010.41101
2015
Current Rate:
History Percentage of total 2019 General Fund Revenue 6.64%
2017
2018
2019
2020 (B)
2021 (B)
4.31 Mills (0.431%) of assessed valuation
A tax assessed against all real and business personal property, in the manner prescribed by state law, within the City of Arvada at a rate set by the City of Arvada
Jefferson and Adams Counties
Enabling Legislation:
Special Use Restrictions: Budget Rationale:
2016
CRS 39-10-101 et seq.
None
Presumes increase based on preliminary valuations for 2019 tax year (paid in 2020)
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
YoY % -2.8% 0.1% -3.1% 1.3% 1.0% 1.5% 19.6% 1.3% 16.2% 0.2% 4.8% 1.4%
Dollars 4,637,622 4,643,015 4,500,376 4,556,940 4,600,994 4,668,082 5,583,065 5,654,004 6,568,030 6,583,728 6,900,373 6,999,377 6
NOTES: Arvada has one of the lowest mill levies in the Denver Metro region, at 4.31 mills. Arvada's mill levy last changed in 1993.
Highway Users Trust Fund
Revenue: $6,000,000
$5,000,000
$4,000,000
$3,000,000
Graphic $2,000,000
$1,000,000
$-
Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Percentage of total 2019 General Fund Revenue 5.21%
2010
2011
2012
2013
2014
01.500010.43301
2015
2016
Current Rate:
2017
2018
2019
2020 (B)
2021 (B)
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
Colorado Department of Local Affairs
Enabling Legislation:
CRS 43-4-201 et seq.
For the construction, engineering, reconstruction, maintenance, repair, equipment, improvement, and administration of the system of streets of Arvada or of any public highways located within Arvada Based on growth consistent with past receipts, pull back in 2020 due to alternative forms of transportation and roughly consistent with State Legislative Council
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
YoY % 13.5% 0.5% 0.2% 0.8% 2.3% 3.6% 0.6% 2.0% 24.4% -0.8% -15.7% 1.5%
Dollars 3,791,075 3,809,048 3,818,142 3,847,443 3,937,402 4,077,593 4,101,534 4,182,792 5,203,928 5,162,259 4,350,501 4,415,758 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, offsetting the growth in population. Revenues in 2018 and 2019 include a one-time additional allocation of approximately $1,000,000.
Building Use Tax (General Fund)
Revenue: $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: Collecting Entity:
2010
2011
2012
2013
2014
01.500010.41305
2015
Current Rate:
History Percentage of total 2019 General Fund Revenue 3.36%
2017
2018
2019
2020 (B)
2021 (B)
3.00% on the permit valuation
A tax paid for the issuance of a building permit at a rate set by the City of Arvada in lieu of taxes being assessed on materials used for construction purposes
Enabling Legislation:
City of Arvada
Special Use Restrictions: Budget Rationale:
2016
Arvada Code ยง98-61 et seq. & Arvada Code ยง98-84 et seq.
None 2018 saw building activity starting to slow down from tremendous growth 2012-2016. 2020 figures presume a base level of construction activity consistent with past years.
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
YoY % -15.2% 2.8% 34.0% 20.9% 53.6% 17.7% 30.4% 3.1% -41.7% -18.6% -22.9% -6.7%
Dollars 1,732,770 1,780,442 2,385,633 2,884,866 4,431,197 5,215,500 6,799,066 7,007,552 4,088,461 3,329,604 2,566,427 2,394,000 8
NOTES: The 2020-2021 budget represents a base number that the City can rely upon through a ten-year model.
General Use Tax (General Fund)
Revenue: $2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000
Graphic
$800,000 $600,000 $400,000 $200,000 $-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
2013
2014
01.500010.41303
2015
1.10%
2018
2019
2020 (B)
2021 (B)
3.00%
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
Enabling Legislation:
City of Arvada
Arvada Code ยง98-61 et seq.
None
Budget Rationale:
Percentage of total 2019 General Fund Revenue
2017
Current Rate:
Special Use Restrictions:
History
2016
Based on continued growth consistent with past receipts
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
YoY % 7.5% 10.0% -19.2% 27.3% -1.3% 4.2% -17.9% 38.0% -19.3% -25.7% 59.4% 2.0%
Dollars 1,374,997 1,511,848 1,220,977 1,554,343 1,533,818 1,598,995 1,312,887 1,811,571 1,462,398 1,087,183 1,732,938 1,767,597 9
NOTES: General use tax receipts have a long history of volatility, due primarily to large percentages of total receipts being paid by a few large firms whose relevant activity fluctuates year to year.
Specific Ownership Tax
Revenue: $700,000 $600,000 $500,000 $400,000
Graphic
$300,000 $200,000 $100,000 $-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
2013
2014
01.500010.41201
2015
Current Rate:
History Percentage of total 2019 General Fund Revenue 0.61%
2017
2018
2019
2020 (B)
2021 (B)
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
Jefferson and Adams Counties
Enabling Legislation:
Special Use Restrictions: Budget Rationale:
2016
CRS 42-3-107
None With substantial growth since 2011, projections presume a "breather"; this runs consistent with presumptions for Auto Use Tax receipts
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 323,059 310,268 328,784 349,999 375,638 405,439 472,959 580,696 647,330 599,811 495,000 503,500
YoY % -7.7% -4.0% 6.0% 6.5% 7.3% 7.9% 16.7% 22.8% 11.5% -7.3% -17.5% 1.7% 10
NOTES: The specific ownership tax is primarily collected by counties and for most motor vehicles is based on a percentage of the manufacturer's suggested retail price (MSRP). The tax rate is reduced as the vehicle ages.
Admissions Tax
Revenue: $350,000 $300,000 $250,000 $200,000
Graphic
$150,000 $100,000 $50,000 $-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
2013
2014
01.500010.41501
2015
0.32%
2018
2019
2020 (B)
2021 (B)
4.00%
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
Enabling Legislation:
City of Arvada
Arvada Code ยง98-311 et seq.
None
Budget Rationale:
Percentage of total 2019 General Fund Revenue
2017
Current Rate:
Special Use Restrictions:
History
2016
Based on continued growth consistent with past receipts
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 156,180 156,731 182,911 185,397 162,895 145,939 166,832 137,058 235,386 312,447 308,321 311,404
YoY % -5.2% 0.4% 16.7% 1.4% -12.1% -10.4% 14.3% -17.8% 71.7% 32.7% -1.3% 1.0% 11
NOTES: Movie theaters are a significant source of this revenue.
Road & Bridge Tax
Revenue: $1,200,000
$1,000,000
$800,000
$600,000
Graphic
$400,000
$200,000
$-
Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Percentage of total 2019 General Fund Revenue 0.91%
2010
2011
2012
2013
2014
01.500010.43501
2015
2016
Current Rate:
2017
2018
2019
2020 (B)
2021 (B)
Jefferson County: 1.3480 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 Jefferson and Adams Counties
Enabling Legislation:
CRS 43-2-202
For the construction and maintenance of roads and streets located within Arvada's boundaries Substantial increase saw in 2016 and 2018, 2020 based on previous year experience, counties may change their Road & Bridge levies at their own discretion
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 970,358 776,092 855,684 718,844 730,239 734,993 799,693 870,641 904,281 904,962 894,402 894,402
YoY % -22.5% -20.0% 10.3% -16.0% 1.6% 0.7% 8.8% 8.9% 3.9% 0.1% -1.2% 0.0% 12
NOTES:
Cigarette Tax
Revenue: $200,000 $180,000 $160,000 $140,000 $120,000 $100,000
Graphic
$80,000 $60,000 $40,000 $20,000 $-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
2013
2014
01.500010.41401
Colorado Department of Revenue
0.15%
2017
2018
Current Rate:
2019
2020 (B)
2021 (B)
$0.042 per cigarette
Enabling Legislation:
CRS 39-28-101 et seq.
None on Arvada's share
Budget Rationale:
Percentage of total 2019 General Fund Revenue
2016
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
Special Use Restrictions:
History
2015
Assumes stabilized level of revenue consistent with recent years
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 175,258 172,703 167,760 163,285 163,313 164,432 170,934 156,352 156,500 143,879 165,000 165,000
YoY % 1.2% -1.5% -2.9% -2.7% 0.0% 0.7% 4.0% -8.5% 0.1% -8.1% 14.7% 0.0% 13
NOTES:
Revenue:
Lodging Tax
$30,000
$25,000
$20,000
$15,000
Graphic $10,000
$5,000
$-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
2013
2014
01.500010.41601
2015
0.02%
2018
2019
2020 (B)
2021 (B)
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)
Enabling Legislation:
City of Arvada
Arvada Code ยง98-241 et seq.
None
Budget Rationale:
Percentage of total 2019 General Fund Revenue
2017
Current Rate:
Special Use Restrictions:
History
2016
Assumes stabilized level of revenue consistent with recent years
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 14,507 17,104 14,525 17,316 20,839 22,511 24,315 24,121 21,654 22,417 24,970 25,469
YoY % 23.5% 17.9% -15.1% 19.2% 20.3% 8.0% 8.0% -0.8% -10.2% 3.5% 11.4% 2.0% 14
NOTES: A new hotel opened in 2017. However, lodging taxes collected by this hotel will end up with the Arvada Urban Renewal Authority and not the General Fund.
Severance Tax & Federal Mineral Lease
Revenue: $180,000 $160,000 $140,000 $120,000 $100,000
Graphic
$80,000 $60,000 $40,000 $20,000 $-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
2013
2014
01.500010.43650
2015
Current Rate:
History Percentage of total 2019 General Fund Revenue 0.12%
2017
2018
2019
2020 (B)
2021 (B)
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
Colorado Department of Local Affairs
Enabling Legislation:
Special Use Restrictions: Budget Rationale:
2016
CRS 39-29-101 et seq. and CRS 34-63-101 et seq.
None
Set conservatively low due to downward volatility in relevant commodity prices over the past year
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 49,078 62,465 89,146 96,875 164,698 157,559 82,196 61,157 70,578 114,071 75,000 75,000
YoY % -56.6% 27.3% 42.7% 8.7% 70.0% -4.3% -47.8% -25.6% 15.4% 61.6% -34.3% 0.0% 15
NOTES: Fluctuations with these receipts are closely correlated with volatility in commodity prices, such as oil and natural gas.
Franchise Fees - Power and Natural Gas Utility Service
Revenue: $3,500,000 $3,000,000 $2,500,000 $2,000,000
Graphic
$1,500,000 $1,000,000 $500,000 $-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
2013
2014
01.500010.41801
2015
Current Rate:
Enabling Legislation:
City of Arvada
2.98%
2018
2019
2020 (B)
2021 (B)
3.00% on all gross revenues for franchisee
Ord. 4120 (Public Service Company) and Ord. 4166 (United Power)
None
Budget Rationale:
Percentage of total 2019 General Fund Revenue
2017
A fee collected by the franchisee in partial consideration for the use of City of Arvada streets, rights-of-way, and other infrastructure
Special Use Restrictions:
History
2016
Based on continued growth consistent with past receipts
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 2,958,847 2,940,189 2,754,684 2,998,649 3,062,743 2,867,854 2,752,168 2,808,878 2,863,130 2,953,883 3,029,784 3,105,528
YoY % 9.2% -0.6% -6.3% 8.9% 2.1% -6.4% -4.0% 2.1% 1.9% 3.2% 2.6% 2.5% 16
NOTES: Franchise fee revenues are heavily suceptible to both the weather and commodity prices.
Franchise Fees - Telephone Service
Revenue: $250,000
$200,000
$150,000
Graphic $100,000
$50,000
$-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
2013
2014
01.500010.41802
2015
Current Rate:
Enabling Legislation:
City of Arvada
0.16%
2018
2019
2020 (B)
2021 (B)
$0.455 per line each month
Arvada Code ยง98-31 et seq.
None
Budget Rationale:
Percentage of total 2019 General Fund Revenue
2017
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
Special Use Restrictions:
History
2016
Assumes stabilized level of revenue consistent with recent years
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
YoY % -6.7% -7.8% -4.2% -4.3% -0.1% 6.0% -12.5% -0.3% -6.6% -5.2% 23.7% 0.0%
Dollars 223,463 205,981 197,344 188,876 188,646 199,882 174,941 174,358 162,839 154,409 190,950 190,950 17
NOTES: Revenue has declined over the years as some Arvada residents eliminated their land lines in favor of cellular phones.
Franchise Fees - Cable Television
Revenue: $1,400,000 $1,200,000 $1,000,000 $800,000
Graphic
$600,000 $400,000 $200,000 $-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
2013
2014
01.500010.41803
2015
Current Rate:
Enabling Legislation:
City of Arvada
1.27%
2018
2019
2020 (B)
2021 (B)
5.00% on gross revenues for franchisee
Comcast: Ordinance 4564 Baja: Ordinance 4432
None
Budget Rationale:
Percentage of total 2019 General Fund Revenue
2017
A fee collected by the franchisee in partial consideration for the use of City of Arvada streets, rights-of-way, and other infrastructure
Special Use Restrictions:
History
2016
Based on continued growth consistent with past receipts
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 1,024,066 1,021,114 1,080,498 1,120,704 1,147,925 1,173,882 1,265,278 1,304,066 1,285,831 1,256,068 1,209,098 1,209,098
YoY % 3.6% -0.3% 5.8% 3.7% 2.4% 2.3% 7.8% 3.1% -1.4% -2.3% -3.7% 0.0% 18
NOTES: Despite the rise of programming alternatives to cable television, the Arvada market has continued to expand.
PEG Cable Fees
Revenue: $140,000 $120,000 $100,000 $80,000
Graphic
$60,000 $40,000 $20,000 $-
Oracle Account(s): Description:
2010
2011
2012
2013
2014
01.151012.41804
2015
2016
Current Rate:
2017
2018
2019
2020 (B)
$0.50 per month per residential subscriber
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:
City of Arvada
Special Use Restrictions:
For public, educational, and governmental capital costs for public access television
Budget Rationale: History Percentage of total 2019 General Fund Revenue 0.12%
2021 (B)
Enabling Legislation:
Franchise Agreements with City
Based on continuingly stable receipts consistent with recent history
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 121,077 115,764 114,716 111,557 110,425 108,907 111,122 112,288 120,019 120,021 112,385 113,509
YoY % -2.6% -4.4% -0.9% -2.8% -1.0% -1.4% 2.0% 1.0% 6.9% 0.0% -6.4% 1.0% 19
NOTES: PEG Fees are used to enhance KATV services.
Building Permit Fees
Revenue: $6,000,000
$5,000,000
$4,000,000
$3,000,000
Graphic
$2,000,000
$1,000,000
$-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
History Percentage of total 2019 General Fund Revenue 2.24%
2014
01.732030.42201
2015
2016
Current Rate:
2017
2018
2019
2020 (B)
2021 (B)
Depends based on valuation of construction covered by permit
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
Enabling Legislation:
City of Arvada
Special Use Restrictions: Budget Rationale:
2013
Arvada Code ยง18-42
Fees collected are to offset costs incurred by the City
The 2020 budget presumes a base level of construction activity consistent with past years
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 1,908,244 1,460,128 1,892,874 2,183,950 3,451,592 3,907,801 4,754,796 4,929,975 2,958,450 2,220,436 2,143,161 2,397,456
YoY % -27.7% -23.5% 29.6% 15.4% 58.0% 13.2% 21.7% 3.7% -40.0% -24.9% -3.5% 11.9% 20
NOTES: The budget represents a base number that the City can count upon through a ten-year model. Actual revenue may vary from year to year based on the level of building activity.
Public Improvement Fees
Revenue: $700,000 $600,000 $500,000 $400,000
Graphic
$300,000 $200,000 $100,000 $-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
History Percentage of total 2019 General Fund Revenue 0.29%
2014
01.701012.42202 & 01.701013.42202
2015
2016
2017
2018
2019
Current Rate:
2020 (B)
2021 (B)
Varies
To pay for the administration of the City's system of permitting for improvements and other work within public rights-of-way
Enabling Legislation:
City of Arvada
Special Use Restrictions: Budget Rationale:
2013
Arvada Code ยง78-291 et seq.
Fees collected are to offset costs incurred by the City
The 2020 budget presumes a base level of construction activity consistent with past years
Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ Dollars 57,434 $ 79,365 $ 157,680 $ 231,812 $ 357,647 $ 489,022 $ 444,332 $ 396,464 $ 607,962 $ 300,703 $ 291,116 $ 70,000 $ 70,000
YoY % -20.2% 38.2% 98.7% 47.0% 54.3% 36.7% -9.1% -10.8% 53.3% -50.5% -3.2% -76.0% 0.0% 21
NOTES: This revenue is closely tied to new residential development construction activity. The 20202021 budget represents a base number that the City can count upon through a ten-year model.
Revenue:
Development Plan Inspection Fees
$70,000 $60,000 $50,000 $40,000
Graphic
$30,000 $20,000 $10,000 $-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
History Percentage of total 2019 General Fund Revenue 0.04%
2014
01.905010.42303
2015
2016
2017
2018
2019
Current Rate:
2020 (B)
2021 (B)
Varies
Fee charged by the Work System of Community and Economic Development for the review of development plans
Enabling Legislation:
City of Arvada
Special Use Restrictions: Budget Rationale:
2013
Arvada Code ยง74-31
Fees collected are to offset costs incurred by the City
The 2020 figures presume a base level of activity consistent with past years
Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ Dollars 4,015 $ 7,880 $ 8,455 $ 16,675 $ 27,900 $ 30,725 $ 50,325 $ 60,950 $ 55,475 $ 41,200 $ 39,260 $ 4,000 $ 4,000
YoY % -29.9% 96.3% 7.3% 97.2% 67.3% 10.1% 63.8% 21.1% -9.0% -25.7% -4.7% -89.8% 0.0% 22
NOTES:
Building Plan Review Fees
Revenue: $800,000 $700,000 $600,000 $500,000 $400,000
Graphic
$300,000 $200,000 $100,000 $-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
History Percentage of total 2019 General Fund Revenue 0.37%
2014
01.904010.44103
2015
2016
Current Rate:
2017
2018
2019
2020 (B)
2021 (B)
Varies based on valuation of permit
To pay for the administration of Building Inspection's system of plan review
Enabling Legislation:
City of Arvada
Special Use Restrictions: Budget Rationale:
2013
Arvada Code ยง18-42
Fees collected are to offset costs incurred by the City
The 2020 figures presume a base level of construction activity consistent with past years
Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ Dollars 161,972 $ 241,854 $ 187,850 $ 306,570 $ 317,851 $ 499,178 $ 634,501 $ 726,143 $ 567,063 $ 355,525 $ 369,980 $ 404,837 $ 404,837
YoY % -36.5% 49.3% -22.3% 63.2% 3.7% 57.0% 27.1% 14.4% -21.9% -37.3% 4.1% 9.4% 0.0% 23
NOTES: The 2020-2021 budget represents a base number that the City can count upon through a ten-year model.
Zoning & Subdivision Fees
Revenue: $300,000
$250,000
$200,000
$150,000
Graphic $100,000
$50,000
$-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
History Percentage of total 2019 General Fund Revenue 0.27%
2014
01.905010.44104
2015
2016
2017
2018
2019
Current Rate:
2020 (B)
2021 (B)
Varies
Fees for services relevant to the Land Development Code and the Planning Commission, including plans for new developments, annexations, requests for zoning changes, etc.
Enabling Legislation:
City of Arvada
Special Use Restrictions: Budget Rationale:
2013
Arvada Code ยง74-31
Fees collected are to offset costs incurred by the City While the City saw tremendous growth after the Great Recession, 2020 figures presume a base level of activity consistent with average buidling activity
Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ Dollars 87,517 $ 58,498 $ 150,357 $ 157,133 $ 150,165 $ 144,100 $ 119,373 $ 136,822 $ 148,370 $ 112,009 $ 263,864 $ 75,000 $ 75,000
YoY % -0.9% -33.2% 157.0% 4.5% -4.4% -4.0% -17.2% 14.6% 8.4% -24.5% 135.6% -33.0% 0.0% 24
NOTES: The 2020-2021 budget represents a base number that the City can count upon through a ten-year model.
Court Fines & Fees
Revenue: $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000
Graphic
$800,000 $600,000 $400,000 $200,000 $-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
2013
2014
01.201010.45001, 45004, 45050 & 01.602017.45005
2015
2018
2019
2020 (B)
2021 (B)
Varies
Fines and fees for traffic, parking, and other citations issued by the Arvada Police Department and adjudicated in the Arvada Municipal Court
Enabling Legislation:
City of Arvada
Arvada Code ยง58-1
None
Budget Rationale:
1.02%
2017
Current Rate:
Special Use Restrictions:
History Percentage of total 2019 General Fund Revenue
2016
Based on continued growth consistent with past receipts
Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $ $
Dollars 1,257,831 1,092,236 905,778 1,242,305 1,279,056 1,220,356 1,462,454 1,391,410 1,564,358 1,256,744 1,010,405 1,680,311 1,696,190
YoY % 21.8% -13.2% -17.1% 37.2% 3.0% -4.6% 19.8% -4.9% 12.4% -19.7% -19.6% 66.3% 0.9% 25
NOTES: A substantial majority of Court fines and fees are generated from City traffic enforcement adjudications. As the volume of enforcement actions fluctuates, so too do fine and fee revenues.
Court Costs
Revenue: $500,000 $450,000 $400,000 $350,000 $300,000 $250,000
Graphic
$200,000 $150,000 $100,000 $50,000 $-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
2013
01.201010.45003
2016
Current Rate:
Enabling Legislation:
City of Arvada
2017
2018
2019
2020 (B)
2021 (B)
Based on schedule of costs maintained by the court, but not exceeding $250.00
Arvada Code ยง58-13
Fees collected are to offset costs incurred by the City
Budget Rationale:
0.26%
2015
Assessments made by the court against persons for various infractions, including conviction, contempt of court, failure to appear in court
Special Use Restrictions:
History Percentage of total 2019 General Fund Revenue
2014
Based on continued growth consistent with past receipts
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 465,574 355,719 438,468 430,810 389,035 383,658 341,030 346,166 288,370 260,132 461,887 466,506
YoY % 24.1% -23.6% 23.3% -1.7% -9.7% -1.4% -11.1% 1.5% -16.7% -9.8% 77.6% 1.0% 26
NOTES: As with Court fine and fees, substantial majority of Court costs are generated from City traffic enforcement adjudications. As the volume of enforcement actions fluctuates, so too do fine and fee revenues.
Miscellaneous Motor Vehicle Licenses
Revenue: $500,000 $450,000 $400,000 $350,000 $300,000 $250,000
Graphic
$200,000 $150,000 $100,000 $50,000 $-
Oracle Account(s): Description: Collecting Entity: Special Use Restrictions:
2010
2011
2012
0.47%
2014
01.500010.42150
2015
2016
Current Rate:
2017
2018
2019
2020 (B)
2021 (B)
$1.50 to $2.50 per vehicle
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)
Jefferson and Adams Counties
Enabling Legislation:
CRS 42-3-310
For the construction and maintenance of highways, roads, and streets located within Arvada's boundaries
Budget Rationale: History Percentage of total 2019 General Fund Revenue
2013
Based on continuingly stable receipts consistent with recent history
Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
YoY0.7% % 0.7% 0.4% 3.2% 1.7% 3.6% 1.7% 3.7% 1.6% -0.1% 2.0% -0.6% 1.0%
$ Dollars 384,644 $ 387,156 $ 388,830 $ 401,182 $ 408,103 $ 422,767 $ 430,037 $ 445,878 $ 452,921 $ 452,606 $ 461,746 $ 459,045 $ 463,635 27
NOTES: Miscellaneous motor vehicle license receipts provide a rough estimate for the number of vehicles registered in the City.
Passport Fees
Revenue: $300,000
$250,000
$200,000
$150,000
Graphic
$100,000
$50,000
$-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
History Percentage of total 2019 General Fund Revenue 0.25%
2014
01.152013.44107
2015
2016
Current Rate:
2017
2018
2019
2020 (B)
2021 (B)
$25 - Execution Fee per application; $10 - Passport Photo Fee
A majority of total fees are remitted to the US State Department, but the City receives a $25 per application execution fee and a $10 passport photo fee (if taken)
Enabling Legislation:
City of Arvada
Special Use Restrictions: Budget Rationale:
2013
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 a substantial increase in 2015
Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ Dollars 61,705 $ 51,097 $ 41,546 $ 46,839 $ 61,491 $ 73,996 $ 116,386 $ 199,145 $ 237,240 $ 235,690 $ 242,845 $ 267,210 $ 271,076
YoY % 16.3% -17.2% -18.7% 12.7% 31.3% 20.3% 57.3% 71.1% 19.1% -0.7% 3.0% 10.0% 1.4% 28
NOTES: Local post offices provided less availability for passport services in 2015, leading to a substantial spike in demand for City passport services.
Interfund Transfers
Revenue: $4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000
Graphic
$2,000,000 $1,500,000 $1,000,000 $500,000 $-
Oracle Account(s): Description: Collecting Entity: Special Use Restrictions: Budget Rationale: History Percentage of total 2019 General Fund Revenue 3.65%
2010
2011
2012
2013
2014
01.500010.442## & 471##
2015
2016
Current Rate:
2017
2018
2019
2020 (B)
2021 (B)
N/A
Transfers made by other City Funds to the General Fund for various purposes, primarily to pay for the use of City facilities and to cover costs related to internal service providers, such as the Departments of Finance and Human Resources.
Enabling Legislation:
City of Arvada
Annually-adopted City budgets
Transfers from enterprise and special revenue funds must be related to expenditures that could have originated in said fund(s) Levels are periodically reviewed to confirm that the amounts "charged" to other Funds are reasonably related to the costs their respective expenses incurred by the General Fund
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 3,556,619 3,817,707 3,263,466 3,334,739 3,695,542 3,605,343 3,551,764 3,774,018 3,947,703 3,621,220 3,876,305 3,992,594
YoY % -8.3% 7.3% -14.5% 2.2% 10.8% -2.4% -1.5% 6.3% 4.6% -8.3% 7.0% 3.0% 29
NOTES: These figures exclude transfers related to either the Arvada Center, which is no longer a part of the City, and the Arvada Urban Renewal Authority. A majority of the total transfers come from the Water Fund.
Investment Interest
Revenue: $1,200,000
$1,000,000
$800,000
$600,000
Graphic
$400,000
$200,000
$-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
2013
2014
01.500010.46101, 46102, & 46104
2015
History Percentage of total 2019 General Fund Revenue 1.10%
2017
2018
Current Rate:
2019
2020 (B)
2021 (B)
Market Rates
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
Enabling Legislation:
City of Arvada
Special Use Restrictions: Budget Rationale:
2016
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 which the City was paid interest
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 436,075 342,513 272,982 234,100 355,259 437,814 655,668 839,298 892,375 1,089,444 833,000 845,000
YoY % -13.2% -21.5% -20.3% -14.2% 51.8% 23.2% 49.8% 28.0% 6.3% 22.1% -23.5% 1.4% 30
NOTES:
Penalties/Interest/Adjustments
Revenue: $500,000 $450,000 $400,000 $350,000 $300,000 $250,000
Graphic
$200,000 $150,000 $100,000 $50,000 $-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
2013
2014
01.500010.41308
2015
0.23%
2018
2019
2020 (B)
2021 (B)
Varies
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.
Enabling Legislation:
City of Arvada
Arvada Code ยง98-71 et seq.
None
Budget Rationale:
Percentage of total 2019 General Fund Revenue
2017
Current Rate:
Special Use Restrictions:
History
2016
Based on continuingly stable receipts consistent with recent history
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 433,305 77,229 116,838 143,818 131,463 116,997 137,272 84,278 228,126 229,851 80,000 80,000
YoY % 106.4% -82.2% 51.3% 23.1% -8.6% -11.0% 17.3% -38.6% 170.7% 0.8% -65.2% 0.0% 31
NOTES:
Audit Revenue (General Fund)
Revenue: $1,200,000
$1,000,000
$800,000
$600,000
Graphic
$400,000
$200,000
$-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
2013
01.500010.41309
2014
2015
Current Rate:
City of Arvada
0.37%
2018
2019
2020 (B)
2021 (B)
N/A
Enabling Legislation:
Arvada Code ยง98-91
None
Budget Rationale:
Percentage of total 2019 General Fund Revenue
2017
Per municipal ordinance, an enforcement officer may conduct an audit of taxpayer records in order to verify accurate calculation and remittance of City taxes
Special Use Restrictions:
History
2016
Based on continuingly stable receipts consistent with recent history
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
YoY % Dollars 60.6% 964,872 -75.6% 235,832 -34.1% 155,530 -9.9% 140,125 6.8% 149,662 32.3% 197,938 29.1% 255,474 (854,260) -434.4% 35,603 -104.2% 938.8% 369,862 -59.4% 150,000 0.0% 150,000 32
NOTES: The City audits businesses for compliance with the sales and use tax ordinance. The negative number in 2017 represents a very large refund of an overpayment of use tax.
50/50 Concrete Replacement Program
Revenue: $180,000 $160,000 $140,000 $120,000 $100,000
Graphic
$80,000 $60,000 $40,000 $20,000 $-
Oracle Account(s): Description: Collecting Entity:
2010
2011
2012
0.09%
2015
2016
Current Rate:
2017
2018
2019
2020 (B)
2021 (B)
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
Enabling Legislation:
City of Arvada
Arvada Code ยง94-36
Only for offsetting City expenditures for concrete replacement
Budget Rationale:
Percentage of total 2019 General Fund Revenue
2014
01.705012.46503
Special Use Restrictions:
History
2013
Based on continuingly stable receipts consistent with recent history
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 118,004 151,600 106,583 136,620 128,558 127,507 153,610 89,524 79,922 93,237 120,000 120,000
YoY % 11.8% 28.5% -29.7% 28.2% -5.9% -0.8% 20.5% -41.7% -10.7% 16.7% 28.7% 0.0% 33
NOTES: * Includes Fund 4 money
Miscellaneous Recovered Costs
Revenue: $1,400,000 $1,200,000 $1,000,000 $800,000
Graphic
$600,000 $400,000 $200,000 $-
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020 (B)
2021 (B)
Oracle Account(s):
01.500010.44510, 46201, 46450, 46501, 46502, 46503, 46505, 46506, & 46601
Description:
Sources widely vary, including annual payments from AURA to cover the City's payments to Wheat Ridge per the agreement on Kipling Ridge, payments for copies of police reports, the City's annual rebate from JPMorgan for Pcard usage, and lease payments for cellular towers on City property
Collecting Entity:
Current Rate:
Enabling Legislation:
City of Arvada
Special Use Restrictions:
Percentage of total 2019 General Fund Revenue 1.04%
Various
Generally none
Budget Rationale: History
Varies
Based on continuingly stable receipts consistent with recent history
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 639,485 305,285 735,370 788,634 779,507 757,168 1,025,731 1,129,517 1,166,315 1,030,628 663,395 663,395
YoY % -9.6% -52.3% 140.9% 7.2% -1.2% -2.9% 35.5% 10.1% 3.3% -11.6% -35.6% 0.0% 34
NOTES: These figures exclude in-kind book entries for General Fund support of the Arvada Center. *Includes Fund 4 money for road degradation
POLICE TAX INCREMENT FUNDS Unlike the General Fund, revenue for the City’s two Police Tax Increment Funds is almost exclusively in the
2006
form of sales and use taxes. In 1993, the electorate of
3.46%
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
2005
to expanding police services. In 2005, voters approved
0.25%
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
1993 0.21%
tax rate of 3.46% on January 1, 2006. The current tax bases for the Tax Increment Funds and the General Fund are nearly identical, in that any transaction eligible for City taxation is assessed 3.00% for the benefit of the General Fund, 0.21% for the benefit of the first Police Tax Increment Fund, and 0.25% for the benefit of the second Police Tax Increment Fund. However, the term and location of urban renewal areas does affect whether revenue collected from transactions within those areas will be collected by any of the three relevant City funds or by the Arvada Urban Renewal Authority. The breakout of revenue sources for the Tax Increment Funds in 2019 was as follows:
36
Sales Tax (PD Tax Increments)
Revenue: $10,000,000 $9,000,000 $8,000,000 $7,000,000 $6,000,000 $5,000,000
Graphic
$4,000,000 $3,000,000 $2,000,000 $1,000,000 $-
Oracle Account(s): Description:
2010
2011
2014
2015
2016
2017
Current Rate:
2018
2019
2020 (B)
2021 (B)
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
2013
21.600000.41352 & 22.600000.41352
Collecting Entity:
Budget Rationale:
2012
Arvada Code ยง98-61 et seq.
Solely for police purposes as approved by election for each
Based on year-to-date figures for 2019 and continued growth consistent with past receipts for 2020
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 5,332,421 5,627,846 5,960,736 6,303,841 6,770,242 7,197,811 7,531,066 8,081,046 8,339,125 8,548,730 8,773,616 8,994,644
YoY % 0.6% 5.5% 5.9% 5.8% 7.4% 6.3% 4.6% 7.3% 3.2% 2.5% 2.6% 2.5% 37
NOTES: Due to setups with urban renewal areas, the police tax increments have a larger base than the General Fund. Adding to that base was the opening a new retail operation in the Ralston Fields Urban Renewal Area in 2019.
Auto Use Tax (PD Tax Increments)
Revenue: $1,400,000 $1,200,000 $1,000,000 $800,000
Graphic
$600,000 $400,000 $200,000 $-
Oracle Account(s): Description: Collecting Entity:
2010
2011
History
2013
2014
2015
2016
2017
Current Rate:
21.600000.41354 & 22.600000.41354
2018
2019
2020 (B)
2021 (B)
PD TI .21: 0.21%; PD TI .25: 0.25%
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
Enabling Legislation:
Jefferson and Adams Counties
Special Use Restrictions: Budget Rationale:
2012
Arvada Code ยง98-61 et seq.
Solely for police purposes as approved by election for each With several years of incredible growth since 2010, projections presume a "breather" in 2020; this runs consistent with General Fund Auto Use Tax receipts
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 612,232 665,589 735,040 826,022 917,320 1,069,225 1,098,236 1,309,520 1,230,129 1,246,508 1,145,496 1,145,496
YoY % 1.6% 8.7% 10.4% 12.4% 11.1% 16.6% 2.7% 19.2% -6.1% 1.3% -8.1% 0.0% 38
NOTES: Taxes are paid to the jurisdictions in which a motor vehicle is registered, not where it is sold. As such, Arvada's lack of a large car dealer is immaterial to the City's collection of these taxes. This is a very volatile and cyclical revenue that needs to be monitored carefully.
Building Use Tax (PD Tax Increments)
Revenue: $1,200,000
$1,000,000
$800,000
$600,000
Graphic
$400,000
$200,000
$-
Oracle Account(s): Description:
2010
2011
2012
2013
2014
2015
2016
2017
Current Rate:
21.600000.41355 & 22.600000.41355
2018
2019
2020 (B)
2021 (B)
Based on the permit valuation - PD TI .21: 0.21%; PD TI .25: 0.25%
A tax paid for the issuance of a building permit at a rate set by the City of Arvada in lieu of taxes being assessed on materials used for construction purposes
Collecting Entity:
Enabling Legislation:
City of Arvada
Special Use Restrictions:
Arvada Code ยง98-61 et seq. & Arvada Code ยง98-84 et seq.
Solely for police purposes as approved by election for each
Budget Rationale:
While recognizing that building activity has started to slow down, figures presume a base level of construction activity consistent with past years
History
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 267,030 272,959 365,783 442,784 679,350 799,772 1,042,068 1,074,494 626,837 510,191 404,852 386,080
YoY % -14.7% 2.2% 34.0% 21.1% 53.4% 17.7% 30.3% 3.1% -41.7% -18.6% -20.6% -4.6% 39
NOTES: The 2020-2021 budget represents a return to a base number that the City can rely upon through the 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): Description:
2010
2011
2012
2014
2015
2016
2017
Current Rate:
21.600000.41353 & 22.600000.41353
2018
2019
2020 (B)
2021 (B)
PD TI .21: 0.21%; PD TI .25: 0.25%
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:
Arvada Code ยง98-61 et seq.
Solely for police purposes as approved by election for each
Budget Rationale: History
2013
Based on continued growth consistent with past receipts
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 210,833 231,806 187,203 238,316 235,168 245,162 201,295 277,754 224,219 166,690 265,718 271,032
YoY % 7.5% 9.9% -19.2% 27.3% -1.3% 4.2% -17.9% 38.0% -19.3% -25.7% 59.4% 2.0% 40
NOTES: General use tax receipts have a long history of volatility, due primarily to large percentages of total receipts being paid by a few large firms whose relevant activity fluctuates year to year.
Audit Revenue (PD Tax Increments)
Revenue: $160,000 $140,000 $120,000 $100,000 $80,000
Graphic $60,000 $40,000 $20,000 $-
Oracle Account(s): Description:
2010
2011
2012
2014
2015
2016
2017
2018
2019
Current Rate:
21.600000.41309 & 22.600000.41309
2020 (B)
2021 (B)
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
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
2013
Based on continuingly stable receipts consistent with recent history
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
YoY % Dollars 60.6% 147,947 -75.6% 36,159 -34.1% 23,846 -9.9% 21,483 6.8% 22,944 -47.1% 12,132 222.9% 39,170 (130,988) -434.4% 5,455 -104.2% 939.5% 56,707 -69.1% 17,500 0.0% 17,500 41
NOTES: The City audits businesses for compliance with the sales and use tax ordinance.
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
Jefferson County Open Space
–
Sales Tax – Arvada’s monthly
Arvada’s quarterly share of
share of Jefferson County Open
proceeds from the Colorado Lottery, primarily
which uses
the on
Space revenue, which the City
City
has been using solely for Parks
capital
Maintenance operations since
projects for park and recreation
2008
amenities Adams County Transportation
Adams County Open Space Sales
Sales Tax – a monthly share
Tax – a biannual distribution of
from Adams County for use on
Open Space Sales Tax revenue
road and bridge projects
from Adams County
43
42
Conservation Trust Fund
Revenue: $800,000 $700,000 $600,000 $500,000 $400,000
Graphic
$300,000 $200,000 $100,000 $-
2010
2011
Oracle Account(s):
2012
2013
2014
2015
2016
2017
Current Rate:
03.2601.43401
2018
2019
2020 (B)
2021 (B)
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:
Colorado Department of Local Affairs
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:
Based on continued growth consistent with past receipts
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 479,326 491,441 538,321 587,297 530,706 539,560 633,297 572,045 595,047 683,994 560,550 566,156
YoY % -5.8% 2.5% 9.5% 9.1% -9.6% 1.7% 17.4% -9.7% 4.0% 14.9% -18.0% 1.0% 43
NOTES: The spike in revenue for 2019 was due to the Powerball jackpot reaching $768 million in March and $530 million in June generating increased sales.
Jefferson County Open Space Sales Tax
Revenue: $6,000,000
$5,000,000
$4,000,000
$3,000,000
Graphic
$2,000,000
$1,000,000
$-
2010
2011
Oracle Account(s): Description:
2014
2015
2016
2017
Current Rate:
2018
2019
2020 (B)
2021 (B)
0.50% Sales Tax (City gets 50% of what was collected in the City)
A tax on all sales and services taxable in Jefferson County and first approved by election in 1972 and effective in 1973
Enabling Legislation:
Jefferson County
Jefferson County Ordinances
"expended only for...acquiring, maintaining, administering, and preserving open space‌and construction, acquiring and maintaining park and recreational capital improvements..."
Budget Rationale: History
2013
14.800000.43502
Collecting Entity: Special Use Restrictions:
2012
Based on continued growth consistent with past receipts
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 3,119,450 3,142,349 3,312,981 3,537,126 3,685,566 3,978,094 4,202,050 4,380,272 4,632,757 5,025,652 4,919,383 5,066,964
YoY % 3.3% 0.7% 5.4% 6.8% 4.2% 7.9% 5.6% 4.2% 5.8% 8.5% -2.1% 0.8% 44
NOTES: The City uses all of its JeffCo Open Space revenue share for ongoing park operations and maintenance. This revenue source has increased with the growth in the economy.
Adams County Transportation Sales Tax
Revenue: $160,000 $140,000 $120,000 $100,000 $80,000
Graphic
$60,000 $40,000 $20,000 $-
2010
2011
Oracle Account(s): Description:
2012
2014
2015
2016
2017
Current Rate:
31.9001.43503
2018
2019
2020 (B)
2021 (B)
0.50% Sales Tax (City gets 40% of what was collected in the City)
A tax on all tangible personal property and services taxable with several enumerated exemptions
Collecting Entity:
Enabling Legislation:
Adams County
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
2013
Based on continuingly stable receipts consistent with recent history
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 66,936 62,729 112,681 80,201 73,560 88,000 101,741 81,132 104,195 135,797 138,513 141,283
YoY % -8.5% -6.3% 79.6% -28.8% -8.3% 19.6% 15.6% -20.3% 28.4% 30.3% 2.0% 2.0% 45
NOTES: Overall growth in the economy has increased this revenue over the past 10 years.
Revenue:
Adams County Open Space Sales Tax
$60,000
$50,000
$40,000
$30,000
Graphic
$20,000
$10,000
$-
2010
2011
Oracle Account(s): Description:
2012
2015
2016
2017
Current Rate:
2018
2019
2020 (B)
2021 (B)
0.25% Sales Tax (City gets 30% of what is collected in the City)
A tax on all sales of tangible personal property at retail or the furnishing of services in the County
Enabling Legislation:
Adams County
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
2014
31.9007.43502
Collecting Entity: Special Use Restrictions:
2013
Based on continuingly stable receipts consistent with recent history
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (B) 2021 (B)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 24,871 24,236 25,285 40,697 28,655 28,295 35,395 32,156 55,639 49,905 50,903 51,921
YoY % -5.9% -2.6% 4.3% 61.0% -29.6% -1.3% 25.1% -9.2% 73.0% -10.3% 2.0% 2.0% 46
NOTES: Overall growth in the economy has increased this revenue over the past 10 years.
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 Debra Nielson, Controller Sheena Freve, Budget Analyst Chris Kelly, Budget Analyst Jenna Belec, Executive Assistant Steve Milke, Print Shop
8101 Ralston Road Arvada, CO 80002