Ordinance No AN ORDINANCE MAKING THE ANNUAL TAX LEVY FOR THE CITY OF COLORADO SPRINGS FOR THE YEAR ENDING DECEMBER 31, 2005

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1 Ordinance No AN ORDINANCE MAKING THE ANNUAL TAX LEVY FOR THE CITY OF COLORADO SPRINGS FOR THE YEAR ENDING DECEMBER 31, 2005 BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLORADO SPRINGS: Section 1. Based upon the Budget heretofore presented by the City Manager, this City Council hereby estimates the revenues of the City of Colorado Springs for the Year 2005 to be: General Fund: General Property Taxes mills on estimated valuation of $3,783,962,017 18,707,908 Less - County Treasurer s Collection fee of 1.0% (187,079) Provision for uncollectable taxes at 1.0% (187,079) Economic Development Rebates (551,746) $ 18,707,908 $ (925,904) Total Property Taxes $ 17,782,004 Other Taxes $123,623,091 Licenses and Permits 949,843 Intergovernmental Revenue 20,515,933 Charges for Services 13,064,646 Fines and Forfeits 9,000,000 Miscellaneous Revenues 3,882,649 Transfers from Other Funds 32,125,698 Total General Fund $220,943,864 Rebudgeted 6,143,390 Draw from Fund Balance 1,842,665 Total Revenue $228,929, Budget Page G-1 Appendix G

2 Other Funds: 2005 Revenue Draw from (Add to) Fund Balance Total Special Revenue Funds: Arterial Roadway $ 225, ,000 $ 400,000 Ballfield Capital Improvements 110, ,000 Bicycle Tax 113,000 (113,000) 0 Briargate Special Improvement Maintenance District 728, , ,896 Cable Franchise Fund 1,232, ,232,640 CDBG 3,801, ,801,777 City Funded CIP 17,803, ,969 18,526,971 Conservation Trust (State Lottery Program) 4,542, ,284 5,191,659 Economic Development 4, , ,624 Emergency Shelter Act Grant 116, ,030 Garfield School Maintenance 26,650 (1,500) 25,150 Gateway Special Improvement Maintenance District 3,340 5,000 8,340 Gift Trust 1,100, ,100,000 Home Investment Partnership 2,533, ,533,342 HOPE III 668, ,000 Lodgers and Automobile Rental Tax (Bed and Car) 3,456, ,607 3,652,309 Norwood Special Improvement Maintenance District 536, , ,523 Old Colorado City Maintenance and Security District 95,845 30, ,845 Platte Avenue Special Improvement Maintenance District 9,961 16,000 25,961 Public Safety Sales Tax 24,127,723 1,180,182 25,307,905 Public Space and Development 700,000 (350,000) 350,000 Senior Programs 15,000 35,000 50,000 Springs Community Improvements Program (SCIP) 171,316 1,026,015 1,197,331 Stetson Hills Special Improvement Maintenance District 189,992 90, ,992 Street Tree 140, , ,000 Subdivision Drainage 1,570, ,000 2,000,000 Therapeutic Recreation ,000 Trails, Open Space and Parks (TOPS) 6,055,447 (719,985) 5,335,462 Tree City USA 0 12,000 12,000 Woodstone Special Improvement Maintenance District 17, ,406 Enterprise Funds: Airport Gross Income $21,986,457 (1,873,552) $20,112,905 Cemetery 1,339,350 1,133 1,340,483 Development Review 2,224,870 51,439 2,276,309 Human Services Complex 271,500 9, ,498 Parking System Gross Income 2,850,477 (204,144) 2,646,333 Patty Jewett Golf Course 2,140,270 (41,588) 2,098,682 Pikes Peak America s Mountain 3,485,100 43,909 3,529,009 Valley Hi Golf Course 1,227,893 (9,981) 1,217,912 Appendix G Page G Budget

3 Other Funds (cont.): 2005 Revenue Draw from (Add to) Fund Balance Total Internal Services Funds: Claims Reserve Self-Insurance $ 1,000,000 $0 $ 1,000,000 Employee Benefits Self-Insurance 32,415, ,415,000 Support Services 24,008, ,008,273 Workers Compensation Self-Insurance 6,100, ,100,000 Permanent Funds: C. D. Smith $ 85,600 $0 $ 85,600 Perkins Sabine Trails, Open Space and Parks (TOPS) Maintenance 11, ,500 Woods Local Improvement Districts Funds Improvement Districts Funds $ 43,800 $0 $ 43,800 Carmel Drive 35, ,000 Woodmen Valley 141, ,000 Grants Fund Grants Interest $ 80,000 $0 $ 80,000 Section 2. That the City Council hereby finds, determines and declares that the amount of money necessary to be raised by the tax levy, taking into account the amounts available from other sources to meet the expenses of the City for the ensuing year, is the sum of $17,782,004. Section 3. That the property levy in mills necessary to raise said amount of money after due allowance is made for statutory collection fees, uncollectable taxes, and economic development rebates is mills and that accordingly there is hereby levied upon each dollar of assessed valuation of all taxable property within the City of Colorado Springs assessed and returned upon the assessment rolls for the Year 2004 of mills as a tax levy for City purposes to be due and payable in and during the Year Mills For interest on General Obligation Bonds For redemption of General Obligation Bonds For General Purpose Total Budget Page G-3 Appendix G

4 Section 4. The City Clerk is directed to certify a copy of this Ordinance to the County Assessor of El Paso County who shall extend the same upon the tax list for the Year 2005 and shall include said City taxes in the general warrant to the County Treasurer for collection. Section 5. All ordinances or parts of ordinances in conflict herewith are hereby repealed and all statutes of the State of Colorado or parts thereof in conflict herewith are hereby superseded. Section 6. This ordinance making the annual tax levy shall be in full force and effect on January 1, Introduced, read, and passed on first reading and ordered published this 23 rd day of November, Appendix G Page G Budget

5 2005 Budget Page G-5 Appendix G

6 Ordinance No AN ORDINANCE APPROVING THE ANNUAL BUDGET AND APPROPRIATING MONIES FOR THE SEVERAL PURPOSES NAMED IN SAID BUDGET FOR THE YEAR ENDING DECEMBER 31, 2005 BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLORADO SPRINGS: Section 1. The City Manager having prepared and presented to this City Council his annual Budget for the year ending December 31, 2005, which Budget is in such detail as to the aggregate sum and the items thereof allowed to each department, group, agency, and fund as he has deemed advisable. Section 2. Pursuant to Charter, the Council hereby adopts said Budget and upon the basis of said Budget, the several sums of money hereinafter specified are hereby appropriated out of the revenues of the City of Colorado Springs for the Year 2005 and out of the respective fund balances to the several purposes herein named to meet the expenses of the City of Colorado Springs for the Year General Fund: $228,929,919 Other Funds: Special Revenue Funds: Arterial Roadway $ 400,000 Ballfield Capital Improvements 110,000 Bicycle Tax 0 Briargate Special Improvement Maintenance District 945,896 Cable Franchise Fund 1,232,640 CDBG 3,801,777 City Funded CIP 18,526,971 Conservation Trust (State Lottery Program) 5,191,659 Economic Development (pka: Business Dev Rev Loan) 600,624 Emergency Shelter Act Grant 116,030 Garfield School Maintenance 25,150 Gateway Special Improvement Maintenance District 8,340 Gif 1,100,000 Home Investment Partnership 2,533,342 HOPE III 668,000 Lodgers and Automobile Rental Tax (Bed and Car) 3,652,309 Norwood Special Improvement Maintenance District 661,523 Appendix G Page G Budget

7 Old Colorado City Maintenance and Security District 125,845 Platte Avenue Special Improvement Maintenance District 25,961 Public Safety Sales Tax 25,307,905 Public Space and Development 350,000 Senior Programs 50,000 Springs Community Improvements Program (SCIP) 1,197,331 Stetson Hills Special Improvement Maintenance District 279,992 Street Tree 250,000 Subdivision Drainage 2,000,000 Therapeutic Recreation 1,000 Trails, Open Space and Parks (TOPS) 5,335,462 Tree City USA 12,000 Woodstone Special Improvement Maintenance District 17,406 Enterprise Funds: Airport Gross Income $20,112,905 Cemetery 1,340,483 Development Review 2,276,309 Human Services Complex 281,498 Parking System Gross Income 2,646,333 Patty Jewett Golf Course 2,098,682 Pikes Peak America s Mountain 3,529,009 Valley Hi Golf Course 1,217,912 Internal Services Funds: Claims Reserve Self-Insurance $ 1,000,000 Employee Benefits Self-Insurance 32,415,000 Support Services 24,008,273 Workers Compensation Self-Insurance 6,100,000 Permanent Funds: C. D. Smith $ 85,600 Perkins 150 Sabine 100 Trails, Open Space and Parks (TOPS) Maintenance 11,500 Woods 200 Local Improvement Districts Funds Improvement Districts Funds $ 43,800 Carmel Drive 35,000 Woodmen Valley 141,000 Grants Fund Grants Interest $80, Budget Page G-7 Appendix G

8 Section 3. Based on the Budget so adopted, this Council by separate ordinance, has estimated and declared the amount of money necessary to be raised by tax levy, taking into account the amounts available from other sources to meet the expenses of the City for the Year Section 4. The Mayor and the City Clerk are directed to sign said Budget and Tax Levy estimate as herein adopted, and to file the same with the City Controller. Section 5. All ordinances or parts of ordinances in conflict herewith are hereby repealed and all statutes of the State of Colorado or parts thereof in conflict herewith are hereby superseded. Section 6. This ordinance approving the annual Budget and appropriating monies shall be in full force and effect on January 1, Introduced, read, and passed on first reading and ordered published this 23 rd day of November Appendix G Page G Budget

9 2005 Budget Page G-9 Appendix G

10 This page left blank intentionally. Appendix G Page G Budget