2021 PROPOSED BUDGET - thorntonco.gov · Fund Description Final Maturity Remaining Principal as of...
Transcript of 2021 PROPOSED BUDGET - thorntonco.gov · Fund Description Final Maturity Remaining Principal as of...
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2021 PROPOSED BUDGET
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Agenda
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1. Overview of 2021 Budget▰▰▰
2. General Governmental & Special Revenue Funds▰▰▰▰▰ Ad Hoc Committee Action Items
3. Utility Funds▰▰▰▰
4. Other Funds▰▰▰
5. Miscellaneous
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JUNE
Kicking off the budget process with departmentsDepartments enter their budgets, including reductions due to revenue shortfalls
MARCH
Council Strategic Planning Conference
OCT/NOV
Public Hearing and First ReadingOctober 27
Second ReadingNovember 9
JULY/AUGUST
Budget reviews with departments
Budget Team and City Manager develop proposed budget in September
OCTOBER
City Council PresentationOctober 8
OverflowOctober 10
Budget Timeline
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2021 Budget Goals
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2021 Budget Strategy
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Projected Available Fund Balance Presented During the SPC
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Projected Available Fund Balance Presented During Budget Kickoff
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Projected Available Fund Balance After Course Corrections
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Expenditure Summary
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Fund 2020 Budget 2021 Recommended Budget Percent Change
General Fund $ 148,200,152 $ 147,418,956 -0.5%
Governmental Capital Fund 48,686,173 19,101,304 -60.7%
Special Revenue Funds 17,406,299 19,387,355 11.4%
Water Fund 80,406,299 203,500,016 153.1%
Sewer Fund 19,226,343 15,847,388 -17.6%
Environmental Services Fund 7,322,154 6,226,606 -15.0%
Stormwater 9,716,879 3,793,652 -61.0%
Thornton Development Authority Funds 17,368,240 11,845,785 -31.8%
Other Funds (E911, TASHCO, 136th GID) 1,561,387 2,518,689 61.3%
Risk 6,310,749 7,621,032 20.8%
Total $ 356,204,675 $ 432,367,363 21.4% 10
2021 Budget Fund Summaries
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Agenda
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1. Overview of 2021 Budget▰▰▰
2. General Governmental & Special Revenue Funds▰▰▰▰▰ Ad Hoc Committee Action Items
3. Utility Funds▰▰▰▰
4. Other Funds▰▰▰
5. Miscellaneous
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Revenue Projections
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Revenue Assumptions
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Fund 2020 Projected Revenue 2021 Projected Revenue Percent Change
General Fund $135.1M $151.8M 12.4%
Governmental Capital Fund 52.1M 20.0M -61.6%
Subtotal General Governmental $187.2M $171.8M -8.2%
Special Revenue Funds* 20.6M 19.2M -6.8%
Water Fund 82.9M 76.3M -8.0%
Sewer Fund 19.8M 17.9M -9.6%
Environmental Services Fund 5.8M 5.8M 0.0%
Stormwater* 4.2M 4.3M 2.4%
Thornton Development Authority Funds 20.5M 20.8M 1.5%
Other Funds (E911, TASHCO, 136th GID) 1.2M 2.5M 108.3%
Risk 6.3M 6.7M 6.3%
Total $348.5M $325.3M -6.7%*for comparison purposes 2021 projected revenues do not include debt proceeds
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2020 / 2021 Projected Revenues
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General & Governmental Capital Total Projected Revenues
General & Gov Cap Projected Revenues Projected 2020 Projected 2021 Percent Change
Sales, Use & Other Taxes $102.9M $104.5M 1.6%
Charges for Services 15.4M 18.1M 17.5%
Property Tax 16.6M 17.0M 2.4%
Interest, Misc. & Other 16.3M 11.4M -30.1%
Intergovernmental 10.8M 10.9M .9%
Licenses & Permits 6.3M 5.9M -6.3%
Fine & Forfeitures 1.7M 1.9M 11.8%
Grants 17.2M 2.1M -87.8%
Total Revenues $187.2M $171.8M -8.2%
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General & Governmental Capital Total Projected Revenues
Total Revenues $171.8M
8.2% decrease over 2020
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General & Governmental Capital Top 25 Sales Tax Generators
▰ AMAZON▰ AMERICAN FURNITURE
WAREHOUSE▰ CABELAS▰ COMCAST CABLE*▰ COSTCO▰ ECHO PARK▰ GREEN DRAGON**▰ HOME DEPOT*▰ KING SOOPERS*▰ KOHLS
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▰ MCDONALDS*▰ MEDICINE MANN**▰ MI PUEBLO▰ MIKE SHAW SUBARU▰ PUBLIC SERVICE▰ QWEST*▰ ROCKY ROAD**▰ SAFEWAY*▰ SPRINT PCS*▰ SPROUTS FARMERS MARKET
Licenses in alphabetical order / Top 25 represent 54% of total Sales Tax*Represents business with common ownership (combined locations)**Marijuana locations are taxed at a combined city rate of 8.75%
▰ T MOBILE*▰ TARGET▰ TOTAL BEVERAGE▰ VERIZON*▰ WALMART*
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Outstanding & Anticipated Debt
Fund Description Final Maturity Remaining Principal as of 12/31/2021
Annual Payment
Governmental Capital IMC/Justice Center/136th Ave. 2022 $6.3M $3.4M
Governmental Capital 144th Interchange 2025 5.5M 1.3M
Governmental Capital Public Safety Facility 2039 15.3M 1.2M
Parks & Open Space Trail Winds Recreation Center 2039 46.6M 3.6M
Parks & Open SpaceActive Adult Center and Carpenter Pool Renovation
2039 26.8M 2.1M
Water Reservoir & Wes Brown Improvements 2034 31.4M 2.9M
Water Water Treatment Plant (2020 issuance) 2051 90M 4.4M
Water Thornton Water Project (2022 issuance) 2052 190M 11.7M
Stormwater Stormwater Capital (2021 issuance) 2040 7.0M 0.5M
TDA N. Larkridge Development 2028 9.4M 1.4M
TDA 144th Grove Development 2037 24.3M 1.8M
TOTAL OUTSTANDING & ANTICIPATED DEBT $452.6M $34.3M 18
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General Governmental Financial Forecast
2020 2021 2022 2023 2024 2025
Beginning Fund Balance $92.3M $46.5M $51.7M $51.9M $54.5M $55.0M
Total Revenues 187.2M 171.8M 174.6M 176.1M 180.9M 186.7M
Total Expenditures -189.2M -166.5M -174.4M -173.5M -180.4M -185.1M
Carryover/Restricted/
Non-Spendable-45M -1.1M -1.1M -1.1M -1.1M -1.1M
Business/Policy/Debt Reserves -31.9M -33.8M -34.9M -36.6M -37.6M -39.0M
Ending Available Fund Balance $13.4M $16.8M $15.9M $16.8M $16.3M $16.5M
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General Governmental Available Fund Balance
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Staffing Levels21
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Department 2020 Budget 2021 Recommended Change
Police 321.50 321.00 +1.00 -1.50
Fire 139.00 151.00 +12.00 -
Infrastructure 207.50 206.50 - -1.00
Parks, Recreation & Community Programs 129.75 126.75 - -3.00
Management Services 126.75 122.25 - -4.50
City Development 74.75 72.00 - -2.75
City Management Office 24.00 24.00 - -
Finance 32.25 31.25 - -1.00
Legal 18.00 18.00 - -
Economic Development 7.00 7.00 - -
Total 1,080.50 1,079.75 +13.00 -13.75 22
Staffing Summary
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Staffing Changes
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Department FTEs Position Cost
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Department FTES Position Cost
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Staffing Changes
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Recommended Operating Budget
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General Fund Departmental Analysis
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Department 2020 Budget 2021 Budget Percent ChangeInfrastructure $ 12,050,197 $ 12,094,608 + 0.4%
Parks, Recreation & Community Programs
25,480,998 23,837,027 - 6.4%
Management Services 21,128,650 20,133,681 - 4.7%City Development 8,735,197 8,377,590 - 4.1%Fire 20,693,005 21,854,201 + 5.6%Police 41,699,701 41,093,441 - 1.5%Legal 2,694,285 2,735,236 + 1.5%City Management Office 4,296,794 4,098,156 - 4.6%City Council, Boards and Commissions
615,454 586,589 - 4.7%
Economic Development 1,061,872 1,276,128 + 20.2%Finance 2,842,919 2,679,818 - 5.7%General Operating Expenses* 6,901,080 8,652,481 + 25.4%
Total $ 148,200,152 $ 147,418,956 - 0.5%
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Police
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2021 Budget $41,093,441
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Fire
Changes from Prior Year▰
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2021 Budget $21,854,201
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Parks, Recreation & Community Programs
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2021 Budget $23,837,027
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Parks, Recreation & Community Programs
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2021 Budget $23,837,027
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Management Services
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2021 Budget $20,133,681
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Infrastructure
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2021 Budget $12,094,608
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City Development
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2021 Budget $8,377,590
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City Manager’s Office
Changes from Prior Year▰
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2021 Budget $4,098,156
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Economic Development
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Changes from Prior Year▰
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2021 Budget $1,276,128
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Finance (General Fund)
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2021 Budget $2,679,818
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Legal
Changes from Prior Year▰
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2021 Budget $2,735,236
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City Council and Boards & Commissions
Changes from Prior Year▰
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2021 Budget $586,589
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Capital Improvement Projects
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Governmental Capital Projects
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Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget 5 year Total
Contractual Obligations Debt Service - IMC, Justice Center, and 136th Interchange
$ 3,360,155 $ 3,364,200 $ - $ - $ - $ 6,724,355
Debt Service - 144th Avenue/I-25 Interchange 1,269,750 1,270,000 1,267,750 1,268,000 1,270,500 6,346,000 Public Safety Facility COPs 1,187,412 1,178,580 1,177,659 1,177,905 1,177,966 5,899,522
Westminster Revenue Share 1,350,000 1,441,850 1,481,501 1,522,242 1,564,104 7,359,697
Business Investment Program 400,000 400,000 400,000 400,000 400,000 2,000,000
Incentive Payments 305,323 281,924 290,381 299,093 154,033 1,330,754
Contingency - Governmental Capital 100,000 100,000 100,000 100,000 100,000 500,000
Subtotal Contractual Obligations $ 7,972,640 $ 8,036,554 $ 4,717,291 $ 4,767,240 $ 4,666,603 $ 30,160,328
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Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget 5 year Total
Capital Maintenance Projects
Street Rehabilitation Program $ 2,520,858 $ 2,892,092 $ 3,007,776 $ 3,128,087 $ 3,253,211 $ 14,802,024
Residential Speed Reduction Program 614,800 169,400 299,200 179,200 309,300 1,571,000
Traffic Signal Repairs 237,500 92,100 54,900 102,500 105,500 592,500
Concrete Replacement Program 163,780 170,331 177,144 184,230 191,599 887,084
Development Code Update - 150,000 - - - 150,000
Traffic Signals Illuminated Sign Retrofit 114,500 119,100 123,800 128,800 118,000 604,200 Traffic Signal Uninterrupted Power Supply (UPS)
43,400 45,100 46,900 48,800 50,800 235,000
Bridge Painting - 280,000 - - - 280,000
Subtotal Capital Maintenance Projects $ 3,694,838 $ 3,918,123 $ 3,709,720 $ 3,771,617 $ 4,028,410 $ 19,122,708
Governmental Capital Projects
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Project 2021 Budget 2022 Budget 2023 Budget 2024 Budget 2025 Budget 5 year Total
Public Safety Projects
Fire Station No. 7 $ 2,000,000 $ 3,820,000 $ - $ - $ - $ 5,820,000
Motorola/ADCOM Radio Channel Upgrade 292,526 292,526 - - - 585,052
PD 10-Printer Replacement 30,000 30,000 30,000 90,000Intergraph Computer Aided Dispatch (CAD) Upgrade
- 500,000 - - 500,000
Justice Center Soil Mitigation - - 2,000,000 - 2,000,000
Subtotal Public Safety Projects $ 2,322,526 $ 4,612,526 $ 2,030,000 $ - $ 30,000 $ 8,995,052
Governmental Capital Projects
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43
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget 5 year Total
Transportation & Miscellaneous Projects
Traffic Signal Improvements $ 1,102,100 $ 450,400 $ 312,600 $ 396,700 $ 436,800 $ 2,698,600
DRCOG 104th Avenue Widening Design 2,000,000 - - - - 2,000,000
DRCOG 120th Avenue Widening Design 165,000 - - - - 165,000
144th Avenue Widening - York to Colorado 1,400,00 - - - - 1,400,000
ADA Improvements and Pedestrian Connectivity
248,700 35,000 35,000 35,000 35,000 388,700
ADA Transition Plan, Phase 2 70,000 - - - - 70,000
Travel Time Monitoring 125,500 - - - - 125,500
Subtotal Transportation Projects $ 5,111,300 $ 485,400 $ 347,600 $ 431,700 $ 471,800 $ 6,847,800
Governmental Capital Projects
Total Governmental Capital Fund $ 19,101,304 $ 17,052,603 $ 10,804,611 $ 8,970,557 $ 9,196,813 $ 65,125,888
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General Governmental Unfunded Capital Projects
44
Name Cost Estimate Strategy
Thornton Shopping Center
Police Training Facility – Phase 2
Eastlake Grain Elevator Redevelopment
Transportation Improvements
Streetlight Acquisition
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Special Revenue Funds
45
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Special Revenue Projected Revenues
2021 Projected Revenues
Conservation Trust Fund
ParksOpen Space
Parks & Open Space
ADCO Parks & Open Space
ADCO Road & Bridge
Cash In Lieu
Special Revenue $1.4M $ - $ - $7.3M $1.3M $3.4M $626K
Grant Revenue - - 4.1M - 650k - -
Interest & Other 17K 11K 105K 181k 24K 86K 19K
Total Revenues $1.4M $11K $4.2M $7.5M $2.0M $3.5M $645K
46
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Outstanding & Anticipated Debt
47
Fund Description Final Maturity Remaining Principal as of 12/31/2021
Annual Payment
Governmental Capital IMC/Justice Center/136th Ave. 2022 $6.3M $3.4M
Governmental Capital 144th Interchange 2025 5.5M 1.3M
Governmental Capital Public Safety Facility 2039 15.3M 1.2M
Parks & Open Space Trail Winds Recreation Center 2039 46.6M 3.6M
Parks & Open SpaceActive Adult Center and Carpenter Pool Renovation
2039 26.8M 2.1M
Water Reservoir & Wes Brown Improvements 2034 31.4M 2.9M
Water Water Treatment Plant (2020 issuance) 2051 90M 4.4M
Water Thornton Water Project (2022 issuance) 2052 190M 11.7M
Stormwater Stormwater Capital (2021 issuance) 2040 7.0M 0.5M
TDA N. Larkridge Development 2028 9.4M 1.4M
TDA 144th Grove Development 2037 24.3M 1.8M
TOTAL OUTSTANDING & ANTICIPATED DEBT $452.6M $34.3M
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Special Revenue Capital Projects
48
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget 5 year Total
Adams County Road and Bridge Fund
Street Rehabilitation Program $ 2,915,858 $ 3,032,493 $ 3,153,793 $ 3,279,944 $ 3,411,142 $ 15,793,230
Hwy 7 & Holly St Traffic Signal $ 1,700,000 - - - - 1,700,000
Fund Total $ 4,615,858 $ 3,032,493 $ 3,153,793 $ 3,279,944 $ 3,411,142 $ 17,493,230
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget 5 year Total
Adams County Open Space Fund Landscape and Playground Rehabilitation
$ 1,715,030 $ 1,166,478 $ 1,338,847 $ 1,035,000 $ 1,150,000 $ 6,405,355
Playground Rehabilitation 250,000 250,000 250,000 250,000 250,000 1,250,000
Park and Recreation Facility Art 150,000 150,000 150,000 150,000 150,000 750,000
Outdoor Stage Replacement 185,000 - - - - 185,000
Fund Total $ 2,300,030 $ 1,566,478 $ 1,738,847 $ 1,435,000 $ 1,550,000 $ 8,590,355
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Special Revenue Capital Projects
49
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget 5 year Total
Conservation Trust FundLandscape and Playground Rehabilitation
$ 1,145,300 $ - $ - $ - $ - $ 1,145,300
Sport Court Resurfacing 130,000 50,000 50,000 50,000 50,000 330,000
Swimming Pool Repair 118,000 87,000 192,875 170,500 25,000 593,375
Ballfield Fence Repairs 80,000 90,000 90,000 70,000 100,000 430,000
Park Irrigation System Upgrades 75,000 75,000 75,000 75,000 75,000 375,000
Thornton Arts & Culture Center (TACC) Equipment Replacement
67,400 21,475 44,056 13,975 9,420 156,326
Irrigation Controller Replacement 50,000 50,000 50,000 10,000 10,000 170,000
Tree Replacement 50,000 50,000 50,000 50,000 50,000 250,000
Horticultural Plant Conversion to Hardscape (Waterwise)
20,000 20,000 20,000 20,000 20,000 100,000
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Special Revenue Capital Projects
50
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget 5 year Total
Conservation Trust Fund (Continued)Trail Winds Recreation Center Equipment Replacement
19,600 64,895 99,945 113,995 94,850 393,285
Athletic Court Maintenance and Supplies
15,000 15,000 15,000 15,000 15,000 75,000
Park Sign Replacement 15,000 15,000 15,000 15,000 15,000 75,000Recreation Center Equipment Replacement
10,000 63,150 115,895 99,945 114,145 403,135
Community Center Equipment Replacement and Shutdown Repairs
8,500
-
- 8,500 18,600 35,600
Trail Winds Turf Replacement - 500,000 - 550,000 - 1,050,000
Paddle Boat Replacement - 22,320 27,940 - - 50,260
Active Adult Equipment Replacement - 6,695 6,750 11,260 11,260 35,965
Conservation Trust Fund Total $ 1,803,800 $ 1,130,535 $ 852,461 $ 1,273,175 $ 608,275 $ 5,668,246
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Special Revenue Capital Projects
51
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget 5 year Total
Open Space Fund
Trail Connections $ 1,218,600 $ 495,200 $ 620,000 $ 200,000 $ 100,000 $ 2,633,800
Niver Creek Open Space Improvements 2,000,000 - - - - 2,000,000
Heritage Trail Connections 353,811 519,425 525,000 180,000 205,000 1,783,236
Aylor Open Space Cleanup - 113,872 - - - 113,872
Hazardous Tree Removal and Replacement
120,000 120,000 120,000 120,000 120,000 600,000
Big Dry Creek Project Restoration 89,360 50,000 30,000 30,000 - 199,360
Park and Open Space Land Appraisals 15,000 15,000 15,000 15,000 15,000 75,000
Open Space Fund Total $ 3,796,771 $ 1,313,497 $ 1,310,000 $ 545,000 $ 440,000 $ 7,405,268
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52
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget 5 year Total
Cash In Lieu Fund
Aylor Open Space Cleanup $ - $ 86,128 $ - $ - $ - $ 86,128
Cash In Lieu Fund Total $ - $ 86,128 $ - $ - $ - $ 86,128
Special Revenue Capital Projects
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget 5 year Total
Parks Fund
Parks and Open Space Master Plan $ - $ 250,000 $ - $ - $ - $ 250,000
Parks Fund Total $ - $ 250,000 $ - $ - $ - $ 250,000
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Special Revenue Capital Projects
53
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget 5 year Total
Parks and Open Space FundDebt Service - Trail Winds Recreation Center (TWRC)
$ 3,605,505 $ 3,609,912 $ 3,607,090 $ 3,607,843 $ 3,608,031 $ 18,038,381
Debt Service - MCRC Pool Renovation, Active Adult Center
2,056,400 2,057,650 2,060,900 2,056,400 2,059,400 10,290,750
Operations and Maintenance (20%) 1,458,991 1,530,951 1,576,724 1,628,449 1,694,321 7,889,436
Community Center Renovation 8,500,000 - - - - 8,500,000
McAllister Park 1,500,000 - - - - 1,500,000
Parks and Open Space Fund Total $ 17,120,896 $ 7,198,513 $ 7,244,714 $ 7,292,692 $ 7,361,752 $ 46,218,567
Total Special Revenue Funds $ 29,637,355 $ 14,577,644 $ 14,299,815 $ 13,825,811 $ 13,371,169 $ 85,711,794
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Parks and Open SpaceUnfunded Capital Projects
54
Name Current Cost Strategy
Multipurpose Fields
Lambertson Farms
Gravel Lakes Open SpaceAylor Open LandsThornton Community Events Center (performing arts center)
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Ad Hoc Committee Recommendations
55
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Ad Hoc Committee on Equity2021 Budget Funding
56
Police Actions▰
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Ad Hoc Committee on Equity2021 Budget Funding
57
Communication Actions▰
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Ad Hoc Committee on Equity2021 Budget Funding
58
Amenities Questions
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Ad Hoc Committee on Equity2021 Budget Funding
59
1. How does the City ensure equitable maintenance of park amenities across the City?
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Ad Hoc Committee on Equity2021 Budget Funding
60
2. How does the City ensure equitable maintenance of open space and improve existing amenities?
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Ad Hoc Committee on Equity2021 Budget Funding
61
3. What will the City do to add/improve community gathering spaces/amenities?▰
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Ad Hoc Committee on Equity2021 Budget Funding
62
4. How will the City ensure a balanced approach to public art?▰
5. How can the City encourage enhancements to 88th Avenue Station?▰
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Ad Hoc Committee on Equity2021 Budget Funding
63
6. Can the City pursue a policy to address abandoned, blighted, and derelict buildings?▰
7. How will the City encourage private sector development to occur in an equitable fashion?
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Programming
64
Facilities Ward 1 Ward 2 Ward 3 Ward 4
Portable Playground xSouthern Stars Joint Program with District 12 xSpring and Summer Camps xTae Kwon Do xYouth Boxing Program xTeen Council and Teen Nights xSenior Volleyball xArts and Culture Programming x x xDance Program Team x x xPreschool Programming x x xYouth Free Meal Program xYouth and Teen Volunteer Corps Projects x x x xCoffee Lounge for Older Adults to gather x x xYouth Sports Programming x x x xGymnastics Programming xAIR Programming x x x xYouth and Adult Enrichment x x xSwimming Programming x x xSummer Concerts/Movies in the Park x x x x
Total 18 11 10 4
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Facilities, Festival, and Special Events
65
Facilities Ward 1 Ward 2 Ward 3 Ward 4
Arts and Culture Building xBatting Cages xBall Field Complexes x x xRecreation Centers x x xActive Adult Centers x xGolf Course xOutdoor Pools x xTeen Center x
Total 5 4 3 2
Festivals and Special Events Ward 1 Ward 2 Ward 3 Ward 4
Major Festivals xSpecial Events* x x
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Agenda
66
1. Overview of 2021 Budget▰▰▰
2. General Governmental & Special Revenue Funds▰▰▰▰▰
3. Utility Funds▰▰▰▰
4. Other Funds▰▰▰
5. Miscellaneous
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Water67
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Water Financial Forecast
2020 2021 2022 2023 2024 2025
Beginning Fund Balance $155.3M $143.2M $16.3M $34.4M $41.9M $49.9M
Debt Issuance 90M - 190M - - -
Revenues 82.4M 76.7M 75.4M 73.9M 79.5M 87M
Expenditures* -181.2M -195.8M -227.1M -46.9M -52.2M -47.0M
Debt Payment -3.3M -7.7M -8.7M -19.4M -19.4M -19.4M
Debt Reserve Funding - - -11.7M - - -
Council Policy Reserve (180 days of annual O&M)
-14.9M -15.3M -15.7M -16.2M -16.8M -18.1M
Ending Available Fund Balance $128.3M $1.1M $18.6M $25.7M $33.0M $52.3M
68
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Water Fund Ending Balance
69
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Outstanding & Anticipated Debt
70
Fund Description Final Maturity Remaining Principal as of 12/31/2021
Annual Payment
Governmental Capital IMC/Justice Center/136th Ave. 2022 $6.3M $3.4M
Governmental Capital 144th Interchange 2025 5.5M 1.3M
Governmental Capital Public Safety Facility 2039 15.3M 1.2M
Parks & Open Space Trail Winds Recreation Center 2039 46.6M 3.6M
Parks & Open SpaceActive Adult Center and Carpenter Pool Renovation
2039 26.8M 2.1M
Water Reservoir & Wes Brown Improvements 2034 31.4M 2.9M
Water Water Treatment Plant (2020 issuance) 2051 90M 4.4M
Water Thornton Water Project (2022 issuance) 2052 190M 11.7M
Stormwater Stormwater Capital (2021 issuance) 2040 7.0M 0.5M
TDA N. Larkridge Development 2028 9.4M 1.4M
TDA 144th Grove Development 2037 24.3M 1.8M
TOTAL OUTSTANDING & ANTICIPATED DEBT $452.6M $34.3M
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Water Projected Revenues
Water Projected Revenues 2020 2021 Change
Rate Revenues $47.1M $44.4M -5.7%
Bulk Water Sales 3.5M 3.6M 2.9%
Interest & Other Revenues 8M 6.9M -13.8%
1x Revenue: Sale of Water Shares, Ft. Lupton Pit, Easement 3.3M 675K -79.5%
Grant Revenue FEMA 679K 375K -44.8%
Connection Fee Revenue (growth) 20.3M 20.3M 0%
Total Revenues $82.9M $76.3M -8.0%
Rate Increase – 0.0% Rate study will be wrapping up in late 2020 to ensure long term financial sustainability within the fund.
71
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Recommended Operating Budget
Highlights▰
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▰
72
2021 Budget $38,220,336
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73
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget5 Year Total
Water Supply Projects
Generator System for McKay Pump Station $ 850,000 $ - $ - $ - $ - $ 850,000
Standley Lake Facilities 500,000 - - - - 500,000
Hammer Reservoir Electrical, Mag Meter, and Valve Repairs
376,000 - - - - 376,000
LCC to WSP/Cooley West Flume Improvements 215,000 - - - - 215,000
Non-TWP Transfers 176,000 181,280 186,718 192,320 198,090 934,408
New Alluvial Wells 170,000 1,575,900 - - - 1,745,900
Non-TWP Protection 150,000 154,500 159,135 163,909 168,826 796,370
Standley Lake Pipeline Improvements 150,000 154,500 159,135 163,909 168,826 796,370
Water Supply Planning Model 15,000 10,300 5,305 5,464 5,628 41,697
Gravel Lakes Coordination and Planning 12,000 12,875 13,792 14,205 - 52,872
Gravel Lakes Rip Rap - 422,300 434,969 448,018 461,459 1,766,746
Subtotal Water Supply Projects $ 2,614,000 $ 2,511,655 $ 959,054 $ 987,825 $ 1,002,829 $ 8,075,363
Water Capital Projects
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Water Capital Projects
74
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget5 Year Total
Water Treatment Projects
WBWTP Optimization $ 3,000,000 $ 1,040,300 $ 249,312 $ 256,791 $ 264,495 $ 4,810,898
Sludge Disposal 1,200,000 1,236,000 1,273,080 1,311,272 1,350,611 6,370,963
Wes Brown Water Treatment Plant Membranes
1,055,000 1,086,650 1,119,250 1,152,827 1,187,412 5,601,139
Sludge Line Replacement 800,000 8,034,000 - - - 8,834,000
TWTP Solar - 674,650 - - - 674,650
WBWTP Equipment Replacement 369,000 515,000 530,450 546,364 562,754 2,523,568
WBWTP Building Maintenance 300,000 - - - - 300,000
WBWTP Clarifier Sludge Blowdown Improvements
250,000 - - - - 250,000
TWTP UPS Valve Backup 100,000 - - - - 100,000
WBWTP Surge Analysis - 1,236,000 - - - 1,236,000
Subtotal Water Treatment Projects $ 7,074,000 $ 13,822,600 $ 3,172,092 $ 3,267,254 $ 3,365,272 $ 30,701,218
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Water Capital Projects
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget5 Year Total
Water Distribution Projects
100th Avenue Waterline Replacement $ 2,295,000 $ - $ - $ - $ - $ 2,295,000
Pipeline Rehabilitation Program 1,750,000 2,317,500 2,652,250 3,278,181 3,376,526 13,374,457
Tank Painting and Repair Project 1,700,000 72,100 954,810 76,491 1,012,958 3,816,359
Valve Replacement Program 500,000 515,000 530,450 546,364 562,754 2,654,568
Treated Water System Improvements 450,000 463,500 477,405 491,727 506,479 2,389,111
20 Inch Water Main Upgrade to Cherokee Tank
292,000 2,499,810 - - - 2,791,810
60W ERT Upgrade 278,000 - - - - 278,000
Hydrant Replacement Program 125,000 128,750 132,613 136,591 140,689 663,643
Subtotal Water Distribution Projects $ 7,390,000 $ 5,996,660 $ 4,747,528 $ 4,529,354 $ 5,599,406 $ 28,262,948
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76
Water Capital Projects
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget5 Year Total
Thornton Water Project (TWP)Thornton Water Project Design and Construction
$ 146,147,930 $ 171,052,362 $ 3,500,000 $ 7,888,561 $ - $ 328,588,853
WSSC Improvements 1,100,000 1,081,500 1,060,900 1,092,727 89,478 4,424,605
Farm Property Revegetation 427,000 439,810 453,004 466,594 480,592 2,267,000
Groundwater Recharge Facilities 220,000 226,600 233,398 - - 679,998
TWP Transfer 123,600 127,308 131,127 135,061 139,113 656,209
TWP Protection 108,150 111,395 114,736 118,178 121,724 574,183
Thornton Northern Properties Master Plan 75,000 25,750 - - - 100,750
Subtotal Thornton Water Project $148,201,680 $ 173,064,725 $ 5,493,165 $ 9,701,121 $ 830,907 $ 337,291,598
Water Fund Total $165,279,680 $ 195,395,640 $ 14,371,839 $ 18,485,554 $ 10,798,414 $ 404,331,127
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Sewer77
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Sewer Financial Forecast
2020 2021 2022 2023 2024 2025
Beginning Fund Balance $20.0M $6.0M $8.1M $7.0M $6.7M $9.0M
Revenues 19.8M 17.9M 20.2M 19.6M 20.5M 21.7M
Expenditures -33.8M -15.8M -21.3M -19.9M -18.3M -18.5M
Policy Reserve (90 days of Annual O&M)
-3.0M -3.1M -3.3M -3.4M -3.5M -3.7M
Ending Available Fund Balance $3.0M $5.0M $3.7M $3.3M $5.4M $8.4M
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Sewer Projected Revenues
Sewer Projected Revenues 2020 2021 Change
Rate Revenues $15.7M $16.0M 1.9%
Interest & Other Revenues 300K 200K -33.3%
Growth Revenues 1.7M 1.7M 0%
Reimbursement from TDA N 2.1M - -100%
Total Revenues $19.8M $17.9M -9.6%
Rate Increase 0% (no metro increase in 2021)
Rate study will be wrapping up in late 2020 to ensure long term financial sustainability within the fund.
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Operating Recommended Budget
Changes from Prior Year▰
▰
80
2021 Budget $12,219,588
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Sewer Capital Projects
81
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget 5 Year
Total
Sewer Main Rehabilitation Program $ 1,000,000 $ 2,000,000 $ 2,500,000 $ 3,000,000 $ 3,000,000 $ 11,500,000
Manhole Rehabilitation Program 782,500 600,000 750,000 750,000 750,000 3,632,500
Water Fund Loan - Fleet Shop Repayment 567,500 - - - - 567,500
Big Dry Creek Parallel Sewer 510,000 3,000,000 3,000,000 400,000 - 6,910,000
88th Avenue Sewer Replacement 321,000 2,673,000 - - - 2,994,000
Remington to Riverdale Lift Station Gravity Main
300,000 - - - - 300,000
60W ERT Upgrade 93,000 - - - - 93,000
Sanitary Sewer Root Control 53,800 55,400 57,100 58,800 60,600 285,700
Total Sewer Fund $ 3,627,800 $ 8,328,400 $ 6,307,100 $ 4,208,800 $ 3,810,600 $ 26,282,700
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Stormwater82
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Stormwater Financial Forecast
2020 2021 2022 2023 2024 2025
Beginning Fund Balance $0.9M $-5.8M $1.8M $2.6M $3.4M $3.3M
Revenues 4.2M 4.3M 4.3M 4.5M 4.5M 4.6M
Debt Financing, $6.4 / Short-Term Loan $1M - 7.0M - - - -
Expenditures -10.9 -3.7M -3.0M -3.2M -4.1M -5.0M
Debt Payment - - -0.5M -0.5M -0.5M -0.5M
Policy Reserve (25% of annual O&M) - -1.5M -1.4M -1.4M -1.6M -1.4M
Ending Available Fund Balance $-5.8M $300K $1.2M $2.0M $1.7M $1.0M
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Outstanding & Anticipated Debt
84
Fund Description Final Maturity Remaining Principal as of 12/31/2021
Annual Payment
Governmental Capital IMC/Justice Center/136th Ave. 2022 $6.3M $3.4M
Governmental Capital 144th Interchange 2025 5.5M 1.3M
Governmental Capital Public Safety Facility 2039 15.3M 1.2M
Parks & Open Space Trail Winds Recreation Center 2039 46.6M 3.6M
Parks & Open SpaceActive Adult Center and Carpenter Pool Renovation
2039 26.8M 2.1M
Water Reservoir & Wes Brown Improvements 2034 31.4M 2.9M
Water Water Treatment Plant (2020 issuance) 2051 90M 4.4M
Water Thornton Water Project (2022 issuance) 2052 190M 11.7M
Stormwater Stormwater Capital (2021 issuance) 2040 7.0M 0.5M
TDA N. Larkridge Development 2028 9.4M 1.4M
TDA 144th Grove Development 2037 24.3M 1.8M
TOTAL OUTSTANDING & ANTICIPATED DEBT $$452.6M $34.3M
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Stormwater Projected Revenues
Stormwater Projected Revenues 2020 2021 Change
Rate Revenues $4.2M $4.3M 2.4%
Interest & Other Revenues 13K 9k -31%
Total Revenues $4.2M $4.3M 2.4%
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Operating Recommended Budget
Changes from Prior Year▰
▰
86
2021 Budget $3,009,652
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Stormwater Capital Projects
87
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget 5 Year
Total
Hoffman Way- parallel drainage system (88th Ave to 90th Ave)
$ 500,000 $ - $ - $ - $ - $ 500,000
Local Drainage Issues 109,000 113,000 116,000 119,000 123,000 580,000
Todd Creek Basin Master Plan - City portion of UDFCD project
100,000 - - - - 100,000
Debt Service 50,000 458,000 458,000 458,000 458,000 1,882,000
Hoffman Basin Major Drainage Plan update and Flood Hazard Area Determination
25,000 - - - - 25,000
Grange Hall Creek South Tributary Culver and Detention Improvements
- - 300,000 180,000 2,065,000 2,545,000
Big Dry Creek Tributaries Major Drainage Plan update with UDFCD
- - 100,000 - - 100,000
Total Stormwater Fund $ 784,000 $ 571,000 $ 974,000 $ 757,000 $ 2,646,000 $ 5,732,000
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Environmental Services
88
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Environmental Services Financial Forecast
2020 2021 2022 2023 2024 2025
Beginning Fund Balance $7.4M $6.1M $5.7M $5.9M $5.7M $5.9M
Total Revenues 5.8M 5.8M 6.0M 6.1M 6.2M 6.3M
Total Expenditures -7.1M -6.2M -5.8M -6.3M -6.0M -7.2M
Policy Reserve(90 days of annual O&M)
-1.3M -1.3M -1.3M -1.4M -1.4M -1.5M
Ending Available Fund Balance $4.8M $4.4M $4.6M $4.3M $4.5M $3.5M
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Environmental Services Revenues
Env Services Projected Revenues 2020 2021 Change
Rate Revenues $5.4M $5.5M 1.4%
Interest & Other Revenues 400K 312K -22%
Total Revenues $5.8M $5.8M 0.2%
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Environmental Services Recommended Budget
Highlights▰
▰
▰
91
2021 Budget $6,226,606
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Agenda
92
1. Overview of 2021 Budget▰▰▰
2. General Governmental & Special Revenue Funds▰▰▰▰▰
3. Utility Funds▰▰▰▰
4. Other Funds▰▰▰
5. Miscellaneous
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Thornton Development Authority (TDAs)
93
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Thornton Development Authority Projected Revenues
2021 Projected Revenues – TDA’s TDA 144th TDA N TDA S
Sales Tax Revenue $1.1M $6.3M -
Property Tax Revenues 2.0M 10.3M $958K
Interest and Other Revenues 23K 104K 91K
Total Revenues $3.1M $16.7M $1.0M
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Outstanding & Anticipated Debt
95
Fund Description Final Maturity Remaining Principal as of 12/31/2021
Annual Payment
Governmental Capital IMC/Justice Center/136th Ave. 2022 $6.3M $3.4M
Governmental Capital 144th Interchange 2025 5.5M 1.3M
Governmental Capital Public Safety Facility 2039 15.3M 1.2M
Parks & Open Space Trail Winds Recreation Center 2039 46.6M 3.6M
Parks & Open SpaceActive Adult Center and Carpenter Pool Renovation
2039 26.8M 2.1M
Water Reservoir & Wes Brown Improvements 2034 31.4M 2.9M
Water Water Treatment Plant (2020 issuance) 2051 90M 4.4M
Water Thornton Water Project (2022 issuance) 2052 190M 11.7M
Stormwater Stormwater Capital (2021 issuance) 2040 7.0M 0.5M
TDA N. Larkridge Development 2028 9.4M 1.4M
TDA 144th Grove Development 2037 24.3M 1.8M
TOTAL OUTSTANDING & ANTICIPATED DEBT $452.6M $34.3M
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TDA Capital Projects
96
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget 5 year Total
TDA South Fund
TDA South - Transfer to the General Fund $ 218,545 $ 225,102 $ 231,855 $ 238,810 $ 245,975 $ 1,160,287
South Thornton Attraction and Revitalization (STAR) Grant
100,000 100,000 100,000 100,000 100,000 500,000
Total TDA South Fund $ 368,545 $ 325,102 $ 331,855 $ 338,810 $ 345,975 $ 1,660,287
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget 5 year Total
TDA 144th Fund
TDA 144th - Debt Service $ 1,811,294 $ 1,810,494 $ 1,813,594 $ 1,810,844 $ 1,811,344 $ 9,057,570
TDA 144th - Transfer to the General Fund 880,000 857,779 882,943 913,056 939,811 4,473,589
TDA 144th - Revenue Share 174,466 274,748 278,929 321,215 328,380 1,377,738
Total TDA 144th Fund $ 2,865,760 $ 2,943,021 $ 2,975,466 $ 3,045,115 $ 3,079,535 $ 14,908,897
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TDA Capital Projects
97
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget 5 year Total
TDA North Fund
TDA North - Admin Fee $ 1,998,517 $ 2,098,443 $ 2,203,365 $ 2,313,533 $ 2,429,210 $ 11,043,068
TDA North - Repayment for 144th Avenue/I-25 Interchange
1,654,031 1,654,031 1,654,031 1,654,031 1,654,031 8,270,155
TDA North - Debt Service 1,410,563 1,413,263 1,416,513 1,412,013 1,415,013 7,067,365
TDA North - Transfer for 144th Avenue/I-25 Interchange
1,269,750 1,270,000 1,267,750 1,268,000 1,270,500 6,346,000
Shay Ditch Drainage Improvements to Grant Street
748,619 - - - - 748,619
TDA North - Incentive Payments 580,000 591,600 603,432 615,501 627,811 3,018,344
Bull Canal Relocation at 152nd 580,000 - - - - 580,000
Mustang Run Drainage Improvement - 152nd Pkwy
420,000 1,126,500 - - 3,705,175 5,251,675
Washington Street Widening - 150th-E470 - 11,580,000 - - - 11,580,000
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TDA Capital Projects
98
Project 2021
Budget2022
Budget2023
Budget2024
Budget2025
Budget 5 year Total
TDA North Fund (Continued)
Big Dry Creek Sewer Contribution - $ 1,114,608 - - - $ 1,114,608
Bull Canal Relocation at 150th - 151st Avenue - - - 1,316,443 - 1,316,443
Bull Canal Relocation North of E470 - - - 2,571,187 - 2,571,187
Grant Street - 150th to 152nd - - - 515,597 4,428,197 4,943,794
Grant Street - 150th to 152nd (ROW) - - - 804,739 - 804,739
160th Avenue Widening from I-25 to Washington - South Side
- - - - 2,817,711 2,817,711
Total TDA North Fund $ 8,661,480 $ 20,848,445 $ 7,145,091 $ 12,471,044 $ 18,347,648 $ 67,473,708
Thornton Development Authority Total $ 11,845,785 $ 24,116,568 $ 10,452,412 $ 15,854,969 $ 21,773,157 $ 84,042,892
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136th GID, E911 andTASHCO
99
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Other Funds Projected Revenues
2021 Revenues– Other Funds Revenues 136th GID E-911 TASHCO
Total Revenues $100K $2.3M $92K
• The 136th Avenue General Improvement District (GID) Fund accounts for property tax collected in the project area to reimburse the general government for the build out of the interchange
• The E-911 Fund accounts for collection of surcharges to help cover the cost of emergency communications
• TASHCO Fund accounts for money received from grants and program revenues for cultural enhancements
100
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136th GID and E911 Recommended Budget
Highlights▰▰
Fund2020
Budget2021
BudgetPercent Change
E-911 Authority $1,100,000 $2,300,000 109% 136th Avenue GID 100,000 100,000 0%
101
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TASHCO
102
Revenue Sources 2020 2021 Percent Change
SCFD Grant $58,635 $44,711 -23.7%
Program Revenues 4,500 0 -100%
Donations/Fundraising 1,735 884 -49%
Transfer from General Fund 46,517 46,517 0%
Use of Fund Balance 0 26,577 n/a
Expenditures 2020 2021 Percent Change
Programming $111,389 $118,689 +6.6%
Changes from Prior Year
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Risk103
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Risk Recommended Operating Budget
Changes from Prior Year▰
▰
▻
▻
▻
104
2021 Budget $7,621,032
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Agenda
105
1. Overview of 2021 Budget▰▰▰
2. General Governmental & Special Revenue Funds▰▰▰▰▰
3. Utility Funds▰▰▰▰
4. Other Funds▰▰▰
5. Miscellaneous
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Miscellaneous106
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Juneteenth
107
RecommendationIndirect costs – holiday pay $238,941.62
Direct costs – holiday extra $46,042.84
Direct – holiday lump for Fire $37,940.10
Direct – Estimated OT cost $91,797.77
Total Estimated Direct Costs $175,780.71
Total Indirect and Direct Costs $414,722.33
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What to expect on October 27th
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Questions?