REVENUE MANUAL December 2015
City of Arvada Revenue Manual December 2015 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
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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
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INTRODUCTION The Department of Finance is pleased to present 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 Revised estimates for each year in the current biennial budget (2015 & 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
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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.
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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 $2005
Oracle Account(s):
2006
2007
2008
2009
2010
2011
2012
Current Rate:
01.500010.41301 & 26.1001.41301
2013
2014
2015 (R)
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 (R) 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 $ 45,638,143 $ 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)
$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 (R)
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:
Arvada Code ยง98-61 et seq.
None
Budget Rationale:
With several years of incredible growth since 2009, projections presume a "breather"; this runs consistent with presumptions for Specific Ownership Tax receipts
History
Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 (R) 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 6,000,000 5,940,000
YoY % -6.0% -11.7% 9.4% -8.9% -8.6% 1.3% 9.0% 10.7% 12.0% 11.2% 0.3% -1.0% 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 (R)
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 (R) 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 4,650,000 5,350,000
YoY % 0.0% 3.6% 6.0% 7.7% 1.1% -2.8% 0.1% -3.1% 1.3% 1.0% 1.1% 15.1% 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 (R)
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 (R) 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 3,944,230 3,993,533
YoY % -7.9% 15.3% -2.8% -4.5% 7.3% 13.5% 0.5% 0.2% 0.8% 2.3% 0.2% 1.3% 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 (R)
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 (R) 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 4,950,000 2,142,000
YoY % -16.1% -11.4% -19.8% -6.9% 33.7% -15.2% 2.8% 34.0% 20.9% 53.6% 11.7% -56.7% 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 (R)
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 (R) 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 1,569,575 1,600,967
YoY % 20.3% -9.0% -10.0% 30.8% -12.9% 7.5% 10.0% -19.2% 27.3% -1.3% 2.3% 2.0% 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 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 409,914 398,451 401,860 380,414 350,042 323,059 310,268 328,784 349,999 375,638 376,765 360,498
YoY % -2.3% -2.8% 0.9% -5.3% -8.0% -7.7% -4.0% 6.0% 6.5% 7.3% 0.3% -4.3% 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 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 28,165 67,913 139,911 145,076 164,772 156,180 156,731 182,911 185,397 162,895 188,683 192,457
YoY % 16.0% 141.1% 106.0% 3.7% 13.6% -5.2% 0.4% 16.7% 1.4% -12.1% 15.8% 2.0% 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 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 1,207,917 1,180,838 1,244,222 1,252,934 1,251,677 970,358 776,092 855,684 718,844 730,239 751,750 826,925
YoY % 2.6% -2.2% 5.4% 0.7% -0.1% -22.5% -20.0% 10.3% -16.0% 1.6% 2.9% 10.0% 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 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 187,225 196,906 191,110 182,101 173,253 175,258 172,703 167,760 163,285 163,313 165,000 165,000
YoY % -18.2% 5.2% -2.9% -4.7% -4.9% 1.2% -1.5% -2.9% -2.7% 0.0% 1.0% 0.0% 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
2012
2013
Current Rate:
01.500010.41601
2014
2015 (R)
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
2011
Assumes stabilized level of revenue consistent with recent years
Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 (R) 2016 (R)
$ $ $ $ $ $ $ $ $
Dollars N/A N/A N/A 12,148 11,747 14,507 17,104 14,525 17,316 20,839 10,000 10,000
YoY % N/A N/A N/A N/A -3.3% 23.5% 17.9% -15.1% 19.2% 20.3% -52.0% 0.0% 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
History
2012
2013
Current Rate:
01.500010.43650
2014
2015 (R)
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:
2011
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $
Dollars N/A 24,162 25,737 93,059 113,111 49,078 62,465 89,146 96,875 164,698 75,000 75,000
YoY % N/A N/A 6.5% 261.6% 21.5% -56.6% 27.3% 42.7% 8.7% 70.0% -54.5% 0.0% 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 (R)
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 (R) 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 3,150,456 3,229,217
YoY % 11.8% 4.8% 0.0% 11.8% -10.7% 9.2% -0.6% -6.3% 8.9% 2.1% 2.9% 2.5% 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 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 267,565 264,967 260,596 245,571 239,527 223,463 205,981 197,344 188,876 188,646 190,000 190,950
YoY % -3.5% -1.0% -1.6% -5.8% -2.5% -6.7% -7.8% -4.2% -4.3% -0.1% 0.7% 0.5% 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 (R)
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 (R) 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 1,150,000 1,173,000
YoY % 3.1% 6.9% 6.0% 5.0% 3.9% 3.6% -0.3% 5.8% 3.7% 2.4% 0.2% 2.0% 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 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 123,765 125,564 125,152 123,233 124,306 121,077 115,764 114,716 111,557 110,425 120,000 121,200
YoY % 0.2% 1.5% -0.3% -1.5% 0.9% -2.6% -4.4% -0.9% -2.8% -1.0% 8.7% 1.0% 19
NOTES: PEG Fees are used to enhance KATV services.
Revenue:
Building Permit Fees
$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 (R)
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 (R) 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 3,550,000 2,099,704
YoY % -11.1% -17.5% -11.0% 6.8% 90.0% -27.7% -23.5% 29.6% 15.4% 58.0% 2.9% -67.0% 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 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 244,333 137,742 321,736 71,975 57,434 79,365 157,680 231,812 357,647 489,022 350,000 150,000
YoY % 62.5% -43.6% 133.6% -77.6% -20.2% 38.2% 98.7% 47.0% 54.3% 36.7% -28.4% -57.1% 21
NOTES: This revenue increases as new developments are being established.
Revenue:
Development Plan Inspection Fees
$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
2013
2014
Current Rate:
01.761010.42303
2015 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 7,700 7,275 4,310 5,725 4,015 7,880 8,455 16,675 27,900 30,725 35,000 16,000
YoY % -20.7% -5.5% -40.8% 32.8% -29.9% 96.3% 7.3% 97.2% 67.3% 10.1% 13.9% -54.3% 22
NOTES:
Revenue:
Building Plan Review 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
Current Rate:
01.732010.44103
2013
2014
2015 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 355,311 236,551 279,293 255,099 161,972 241,854 187,850 306,570 317,851 499,178 400,000 275,000
YoY % 6.4% -33.4% 18.1% -8.7% -36.5% 49.3% -22.3% 63.2% 3.7% 57.0% -19.9% -31.3% 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 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 69,054 64,914 89,651 88,315 87,517 58,498 150,357 157,133 150,165 144,100 125,000 90,000
YoY % -19.0% -6.0% 38.1% -1.5% -0.9% -33.2% 157.0% 4.5% -4.4% -4.0% -13.3% -28.0% 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 $2005
Oracle Account(s):
2006
2007
2008
2009
2010
01.201010.45001, 45004, 45005, & 45050
2011
2012
2013
2014
Current Rate:
2015 (R)
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 (R) 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 1,355,564 1,387,120
YoY % 3.6% -2.2% 2.9% 13.4% 21.8% -13.2% -17.1% 37.2% 3.0% -4.6% 11.1% 2.3% 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 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 224,049 267,164 314,190 345,031 375,283 465,574 355,719 438,468 430,810 389,035 439,470 443,864
YoY % -1.9% 19.2% 17.6% 9.8% 8.8% 24.1% -23.6% 23.3% -1.7% -9.7% 13.0% 1.0% 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 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 150,756 146,026 140,653 150,020 180,513 181,033 159,982 163,450 177,778 185,900 175,000 175,000
YoY % 6.2% -3.1% -3.7% 6.7% 20.3% 0.3% -11.6% 2.2% 8.8% 4.6% -5.9% 0.0% 27
NOTES:
Revenue:
Miscellaneous Motor Vehicle Licenses
$450,000 $400,000 $350,000 $300,000 $250,000 $200,000
Graphic
$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 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 364,955 364,185 378,598 381,787 384,644 387,156 388,830 401,182 408,103 422,767 420,000 424,200
YoY % 9.0% -0.2% 4.0% 0.8% 0.7% 0.7% 0.4% 3.2% 1.7% 3.6% -0.7% 1.0% 28
NOTES:
Revenue:
Passport Fees
$80,000 $70,000 $60,000 $50,000 $40,000 Graphic $30,000 $20,000 $10,000 $2005
2006
2007
Oracle Account(s):
2008
2009
2010
2011
2012
Current Rate:
01.152013.44107
2013
2014
2015 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 45,571 38,735 67,126 53,062 61,705 51,097 41,546 46,839 61,491 73,996 70,000 70,000
YoY % 42.4% -15.0% 73.3% -21.0% 16.3% -17.2% -18.7% 12.7% 31.3% 20.3% -5.4% 0.0% 29
NOTES:
Revenue:
Investment Interest
$1,400,000 $1,200,000 $1,000,000 $800,000 Graphic
$600,000 $400,000 $200,000 $2005
Oracle Account(s):
2006
2007
2008
2009
2010
2011
2012
2013
Current Rate:
01.500010.46101, 46102, & 46104
2014
2015 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 831,746 1,295,112 1,001,777 1,108,109 502,453 436,075 342,513 272,982 234,100 355,259 276,000 114,000
YoY % -33.0% 55.7% -22.6% 10.6% -54.7% -13.2% -21.5% -20.3% -14.2% 51.8% -22.3% -58.7% 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 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 134,053 176,619 168,854 103,331 209,979 433,305 77,229 116,838 143,818 131,463 80,000 80,000
YoY % 20.0% 31.8% -4.4% -38.8% 103.2% 106.4% -82.2% 51.3% 23.1% -8.6% -39.1% 0.0% 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 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $
Dollars N/A N/A N/A N/A 600,947 964,872 235,832 155,530 140,125 149,662 170,000 150,000
YoY % N/A N/A N/A N/A N/A 60.6% -75.6% -34.1% -9.9% 6.8% 13.6% -11.8% 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 (R)
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 onehalf 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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 94,029 103,090 138,731 79,372 105,531 118,004 151,600 106,583 136,620 128,558 120,000 120,000
YoY % 15.8% 9.6% 34.6% -42.8% 33.0% 11.8% 28.5% -29.7% 28.2% -5.9% -6.7% 0.0% 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 $2005
Oracle Account(s): Description:
2006
2007
2008
2009
2010
2012
2013
Current Rate:
01.500010.44510, 46201, 46450, 46501, 46502, 46503, 46505, 46506, & 46601
2014
2015 (R)
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
2011
Based on continuingly stable receipts consistent with recent history
Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 334,625 412,051 432,375 583,886 707,702 639,485 305,285 735,370 788,634 779,507 687,075 694,395
YoY % -14.9% 23.1% 4.9% 35.0% 21.2% -9.6% -52.3% 140.9% 7.2% -1.2% -11.9% 1.1% 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 $2005
Oracle Account(s): Description:
2006
2007
2010
2011
2012
Current Rate:
2013
2014
2015 (R)
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 (R) 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 7,142,057 7,480,730
YoY % 2.3% 173.2% 19.8% 1.4% -3.8% 0.6% 5.5% 5.9% 5.8% 7.4% 5.5% 4.7% 36
NOTES:
Revenue:
Auto Use Tax (PD Tax Increments)
$1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 Graphic
$400,000 $300,000 $200,000 $100,000 $2005
Oracle Account(s):
2006
2007
2008
2009
2010
2011
2012
Current Rate:
21.600000.41354 & 22.600000.41354
2013
2014
2015 (R)
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:
Enabling Legislation:
Jefferson and Adams Counties
Special Use Restrictions:
Arvada Code ยง98-61 et seq.
Solely for police purposes as approved by election for each
Budget Rationale:
With several years of incredible growth since 2009, projections presume a "breather"; this runs consistent with presumptions for Specific Ownership Tax receipts
History
Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 342,195 661,881 723,785 659,116 602,533 612,232 665,589 735,040 826,022 917,320 898,000 889,110
YoY % 2.6% 93.4% 9.4% -8.9% -8.6% 1.6% 8.7% 10.4% 12.4% 11.1% -2.1% -1.0% 37
NOTES:
Revenue:
Building Use Tax (PD Tax Increments)
$800,000 $700,000 $600,000 $500,000 $400,000 Graphic $300,000 $200,000 $100,000 $2005
Oracle Account(s):
2006
2007
2008
2009
2010
2011
2012
Current Rate:
21.600000.41355 & 22.600000.41355
2013
2014
2015 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 161,647 338,261 251,675 234,128 313,191 267,030 272,959 365,783 442,784 679,350 759,000 328,440
YoY % -16.1% 109.3% -25.6% -7.0% 33.8% -14.7% 2.2% 34.0% 21.1% 53.4% 11.7% -56.7% 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
$2005
Oracle Account(s):
2006
2007
2008
2009
2010
2011
2012
Current Rate:
21.600000.41353 & 22.600000.41353
2013
2014
2015 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 95,940 191,375 172,259 225,040 196,088 210,833 231,806 187,203 238,316 235,168 231,540 236,171
YoY % 20.2% 99.5% -10.0% 30.6% -12.9% 7.5% 9.9% -19.2% 27.3% -1.3% -1.5% 2.0% 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 $2005
Oracle Account(s): Description:
2006
2007
2009
2010
2011
2012
2013
2014
Current Rate:
21.600000.41309 & 22.600000.41309
2015 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $
Dollars N/A N/A N/A N/A 92,145 147,947 36,159 23,846 21,483 22,944 30,000 22,000
YoY % N/A N/A N/A N/A N/A 60.6% -75.6% -34.1% -9.9% 6.8% 30.8% -26.7% 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 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 477,349 580,556 539,626 543,785 508,600 479,326 491,441 538,321 587,297 530,706 561,055 555,500
YoY % 2.1% 21.6% -7.1% 0.8% -6.5% -5.8% 2.5% 9.5% 9.1% -9.6% 5.7% -1.0% 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 (R)
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 (R) 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 3,796,133 3,910,017
YoY % 2.7% 1.8% 4.3% 1.1% -0.8% 3.3% 0.7% 5.4% 6.8% 4.2% 3.0% 3.0% 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 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 179,585 159,887 164,809 167,933 73,158 66,936 62,729 112,681 80,201 73,560 63,654 65,564
YoY % 22.9% -11.0% 3.1% 1.9% -56.4% -8.5% -6.3% 79.6% -28.8% -8.3% -13.5% 3.0% 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 (R)
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 (R) 2016 (R)
$ $ $ $ $ $ $ $ $ $ $ $
Dollars 19,708 18,395 21,998 24,758 26,417 24,871 24,236 25,285 40,697 28,655 26,523 27,318
YoY % -1.3% -6.7% 19.6% 12.5% 6.7% -5.9% -2.6% 4.3% 61.0% -29.6% -7.4% 3.0% 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