El Paso County, CO (CO)

Transcription

1 El Paso County, CO (CO) Refunding and Improvement Certificates of Participation (Pikes Peak Regional Development Center Project), Evidencing Assignments of Interests in 1 Payments to be made by El Paso County, Colorado As Lessee Under a Lease Purchase Agreement,, $12,010,000, Dated: December 28, 2012 El Paso County, Colorado, Lease Purchase Agreement with El Paso County Facilities Corporation, Refunding Certificates of Participation (Detention 2 Facility Project), Series 2011A, $32,820,000, Dated: July 20, 2011 El Paso County, Colorado, Lease Purchase Agreement with El Paso County Facilities Corporation, Build America Bonds Direct Payment to Issuer, Taxable 3 Certificates of Participation, Series 2010A, $47,545,000 and Certificates of Participation, Series 2010B, $8,380,000, Dated: September 30, El Paso County, Colorado, Lease Purchase Agreement with El Paso County Facilities Corporation, Certificates of Participation (DHS Building), Series 2008, El Paso County, Colorado, Lease Purchase Agreement with El Paso County Facilities Corporation, Certificates of Participation (Terry R. Harris Judicial 5 Complex Project), Series 2007A, $77,850,000, Dated: March 20, 2007 El Paso County, Colorado, Lease Purchase Agreement with El Paso County Facilities Corporation, Certificates of Participation, Series 2004, $6,970,000, 6 Dated: June 15, 2004 County Financial Information Sales and Use Tax Collection History Budget Year Sales and Use Tax Receipts ,529,153 Ten Largest Generators of Sales and Use Tax Revenue 2015 Business Type Sales and Use Tax Collected Percent of Total 1 Walmart Stores, Inc 5,071, % 2 City of Colorado Spings 2,177, % 3 Home Depot USA, Inc. 2,093, % 4 Lowes Home Centers LLC 1,886, % 5 Broadmoor Hotel, Inc. 1,692, % 6 Comcast IP Phone II LLC 1,547, % 7 Target Corporation 1,509, % 8 Verizon Wireless (VAW) LLC 1,262, % 9 Dillon Companies/Kroger 1,054, % 10 Heuberger Motors Inc. 935, % Total 19,230, %

2 Mill Levies By Fund Levy Year 2014 Collection Year 2015 General Fund Abatement Road and Bridge Social Services Capital Expenditures Self Insurance Retirement Total County s Assessed Valuation Levy Year/Collection Year Assessed Valuation Increase or (Decrease) Percent Change ,852,564, ,578, % County General Fund Property Tax Levies and Collections Percent of Collections Collections in Total Tax Total Tax Collections Levy Year/Collection Year Total Taxes Levied Current Tax Collections to Levy Subsequent Years Collections to Total Tax Levy ,805,385 42,640, % 54,337 42,694, %

3 Twelve Largest Taxpayers Within the County Percent of Total Personal Property Real Property Name Total Assessed Valuation Assessed Valuation Assessed Valuation Assessed Valuation 1 CELLCO PARTNERSHIP 80,326, % 80,326,100 2 QWEST CORPORATION 68,100, % 68,100,900 3 BROADMOOR HOTEL INC 36,907, % 9,413,540 27,493,470 4 WAL MART REAL ESTATE 28,462, % 28,462,930 5 MOUNTAIN VIEW ELEC ASSN INC 27,926, % 27,926,600 6CV PATRIOT SPRINGS LLC 26,254, % 26,254,500 7 DPIX 23,484, % 23,484,040 8 COLORADO INTERSTATE GAS CO 17,054, % 17,054,800 9 FEDERAL EXPRESS CORP (FEDEX) 13,878, % 13,878, PALMER CENTER LTD 13,688, % 10,470 13,678, PUBLIC SERVICE CO OF COLO A/K/A 13,223, % 13,223, KEYSIGHT TECHNOLOGIES INC 12,985, % 9,796,540 3,189,200 Total 6,852,564, % General Fund Balance 2015 Fund Balance 37,638,085 Fund Balance as Percent of Revenue 21.45% Fund Balance as Percent of Expenditures 22.55%

4 General Fund Revenues, Expenditures and Fund Balances 2015 REVENUES Property taxes $ 42,640,552 Sales taxes 72,580,633 Specific ownership taxes 4,467,380 Highway user taxes Intergovernmental 19,914,440 Fees and fines 636,484 Licenses and permits 1,800,512 Charges for services 22,759,428 Investment earnings 332,890 Contributions 6,202,051 Miscellaneous 4,105,753 Total Revenues 175,440,123 EXPENDITURES General government 57,947,072 Public safety 89,767,014 Public works Health and welfare 10,634,395 Culture and recreation 1,728,789 Auxiliary services 532,362 Debt service: Principal 44,059 Interest and other charges 926 Capital outlay 6,270,481 Total expenditures 166,925,098 Excess (deficiency) of revenues over (under) expenditures 8,515,025 OTHER FINANCING SOURCES (USES) Sale of capital assets 187,193 Total other financing sources (uses) 187,193 Net change in fund balances 8,702,218 Fund balances January 1 28,935,867 Fund balances December 31 37,638,085

5 General Fund Budget Summary and Comparison Budgeted Actual Budgeted Revenues: Sales and Use Taxes 69,650,298 72,580,633 71,768,410 Property Taxes 43,092,437 42,640,552 46,526,762 Other Taxes 4,467,380 4,467,380 3,645,752 Intergovernmental 23,289,445 19,829,572 29,754,719 Fees and Charges for Service 25,232,116 25,127,563 19,315,638 Investment Earnings 51, ,277 Miscellaneous 4,040,166 4,438, ,000 Contributions 6,307,347 6,202,051 Total Revenues 176,130, ,627, ,201,281 Expenditures: Personnel 116,272, ,598, ,898,148 Operating 62,357,609 51,463,432 65,727,016 Capital 7,985,346 5,862,731 6,594,395 Transfers Out Total Expenditures 186,615, ,925, ,219,559 Excess (Deficiency) of Revenues Over (Under) Expenditures (10,485,398) 8,702,218 (6,018,278) Beginning Fund Balance 28,935,867 28,935,867 37,638,085 Ending Fund Balance 18,450,469 37,638,085 31,619,807 Outstanding Certificates of Participation 2015 Principal Issue Amount Outstanding Series ,805,000 Series 2007A 60,750,000 Series ,005,000 Series 2010A and B 49,070,000 Series 2011A 27,625,000 9,205,000 Total Outstanding Principal 150,460,000