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HomeMy WebLinkAbout20083301.tiff HEARING CERTIFICATION DOCKET NOS. 2008-71 AND 2008-78 RE: 2009 BUDGET HEARING - BEEBE DRAW LAW ENFORCEMENT AUTHORITY A public hearing was conducted on December 15, 2008, at 9:00 a.m., with the following present: Commissioner William H. Jerke, Chair Commissioner Robert D. Masden, Pro-Tern - EXCUSED Commissioner William F. Garcia Commissioner David E. Long Commissioner Douglas Rademacher Also present: Acting Clerk to the Board, Esther Gesick County Attorney, Bruce Barker Director of Finance and Administration, Donald D. Warden The following business was transacted: I hereby certify that pursuant to a notice dated November 7, 2008, and duly published November 14, 2008, in the Greeley Tribune,a public hearing was conducted to consider the Beebe Draw Law Enforcement Authority 2009 Budget. Donald Warden, Director of Finance and Administration, stated the purpose of this hearing is to adopt the Beebe Draw Law Enforcement Authority 2009 Budget, appropriate the sums of money, set the mill levy at 7.0 mills, and approve the Law Enforcement Agreement with the Sheriff's Office to provide services. Mr. Warden recommended approval of the budget, in the amount of$17,703.00,which is comprised of property taxes, in the amount of $16,303.00, as well as specific ownership taxes, in the amount of $1,400.00. No public testimony was offered concerning this matter. Commissioner Rademacher moved to approve the Resolution to Adopt Budget, in the amount of $17,703.00. The motion was seconded by Commissioner Long, which carried unanimously. Commissioner Long moved to approve the Resolution to Appropriate Sums of Money. The motion was seconded by Commissioner Garcia,and it carried unanimously. Commissioner Garcia moved to approve the Resolution to Set the Mill Levy, at 7.0 mills. The motion was seconded by Commissioner Long, and it carried unanimously. Commissioner Rademacher moved to approve the Law Enforcement Agreement and authorize the Chair to sign. Commissioner Garcia seconded the motion, which carried unanimously. There being no further discussion, the hearing was completed at 11:16 a.m. 2008-3301 SD0004 HEARING CERTIFICATION - BEEBE DRAW LAW ENFORCEMENT AUTHORITY PAGE 2 This Certification was approved on the 17th day of December 2008. APPROVED: BOARD OF COUNTY COMMISSIONERS ELD COUNTY, COLORADO ATTEST: L oa� a �. ✓ �_ �� 'am H. Jerke, Chair Weld County Clerk to the Bo- Wtr �9 �CUSED n4^, 1 1\ ?bed D. M , Pro-Tem BY: lu 3L/ _:IC'- C Dept Clerk o the Board W m F. Garcia a ' E. o g f wt .J 1re— Dougla Ra emache 2008-3301 SD0004 2009 FINAL BUDGET BEEBE DRAW LAW ENFORCEMENT AUTHORITY WELD COUNTY COLORADO BUDGET MESSAGE SERVICE: Service to be delivered by the Beebe Draw Law Enforcement Authority(Beebe Draw LEA)in Weld County for 2009 will be the provision of law enforcement services through a contract with the Weld County Sheriff. The contract will fulfill the intent of the creators of providing more adequate law enforcement for persons residing in the district, to prevent the crime rate from rising within the district, and to better assist law enforcement agencies in the prevention of crime and in the detection and apprehension of criminal offenders. BUDGETARY ACCOUNTING BASIS: The Beebe Draw LEA budgetary procedure uses the following Basis of Accounting. Basis of Accounting refers to when revenue and expenditures or expenses are recognized in the accounts and reported in the financial statements. Basis of Accounting relates to the time of the measurements made, regardless of the measurement focus applied. The Beebe Draw LEA utilizes the modified accrual Basis of Accounting. Under this method revenue is recognized in the year in which it becomes both measurable and available as net current assets. Revenue susceptible to accrual, that is, measurable and available to finance the district's operations or of a material amount and not received at the normal time of receipt, primarily consists of property taxes assessed in 2008 and payable in 2009. Unbilled charges for services are recorded in the appropriate funds at year end. Expenditures are generally recorded when the related fund liability is incurred. SD0004 BEEBE DRAW LAW ENFORCEMENT AUTHORITY GENERAL FUND January 1, 2009 to December 31, 2009 DESCRIPTION 2007 2008 2009 ESTIMATED RESOURCES: Beginning Fund Balance, January 1 $ 0 $ 0 $ 0 Estimated Fund Revenue: Property Tax 14,263 15,457 16,303 Specific Ownership Tax 1,419 1,700 1,400 TOTAL AVAILABLE RESOURCES: $ 15,682 $ 17,157 $ 17,703 ESTIMATED EXPENDITURES: Crime Control and Investigation $ 15,875 $ 17,157 $ 17,703 TOTAL EXPENDITURES: $ 15,875 $ 17,157 $ 17,703 SD0004 BEEBE DRAW LAW ENFORCEMENT AUTHORITY 2009 Fund 7090: 2007 2008 2009 70500 REVENUES 4112 General Property Taxes $ 14,263 $ 15,457 $ 16,303 4130 Specific Ownership Taxes 1,419 1,700 1,400 TOTAL REVENUE $ 15,682 $ 17,157 $ 17,703 SD0004 BEEBE DRAW LAW ENFORCEMENT AUTHORITY 2009 Fund 7090: 2007 2008 2009 7090 - 70500 CRIME CONTROL AND INVESTIGATION 6379 Professional Services $ 15,875 $ 17,157 $ 17,703 TOTAL REVENUE $ 15,875 $ 17,157 $ 17,703 SD0004 LEASE-PURCHASE AGREEMENTS The following supplemental data regarding lease purchase agreements involving real property is required under Section 29-1-104(2)(d), C.R.S., as amended: A. The total amount to be expended during the ensuing fiscal year for payment obligations under all lease-purchase agreements involving real property. -0- B. The total maximum payment liability of the local government under all lease- purchase agreements involving real property over the entire terms of such agreements, including all optional renewal terms. -0- C. The total amount to be expended during the ensuing fiscal year for payment obligations under all lease-purchase agreements other than those involving real property. -0- D. The total maximum payment liability of the local government under all lease- purchase agreements other than those involving real property over the entire terms of such agreements, including all optional renewal terms. -0- SD0004 o 0 0 0 0000 0 0 0 0 0 0 0 0 0 0 Z O Q 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 a m o m M • ' M M ' M M • ' M CO S a 0 0 0 0 0 0 0 0 0 0 C▪ l a 0 M Cr N N N N P. 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A copy of such proposed budget has been filed in the Office of the Clerk to the Board where same is open for public inspection. Such proposed budget will be considered at a special meeting of the Beebe Draw Law Enforcement District Authority Board to be held in the First Floor Assembly Room, 915 10th Street, Greeley, Colorado on December 15, 2008, at 9:00 a.m. Any interested elector within such Beebe Draw Law Enforcement Authority District may inspect the proposed budget and file or register any objections thereto at any time prior to the final adoption of the budget BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO DATED: November 7, 2008 PUBLISHED: November 14, 2008, in the Greeley Tribune Affidavit of Publication STATE OF COLORADO 55. County of Weld, I, Jennifer Usher of said County of Weld, being duly sworn, say that I am an advertising clerk of THE TRIBUNE that the same is a daily newspaper of general circulation and printed and published in the City of Greeley, in said county and state; that the notice or advertisement, of which the annexed is a true copy,(days): that the notice was published in the regular and entire issue of every number of said newspaper during the period and time of publication of said notice, and in the newspaper proper and not in a supplement thereof; that the first publication of said notice was contained in the, issue of the said newspaper- bearing date the Fourteenth day of November �, AD. 2008, and the last publication thereof: in the issue of said • newspaper bearing date the Fourteenth day of NOTICE AS TO PROPOSED BUDGET November AD. 2008; that said The Tribune has been published DOCKET NO.2008-71 proposed neaget been sub- continuously and uninterruptedly during the period of at least six NOTICE it heBeebe Draw Lawthat months next prior to the first issue there of contained said notice mined to the Beebe y o budge! et has st been sub- bBoard tor the udget has been filet In thefOH'ce of the clerk to the Board or advertisement above referred to; that said newspaper has been where same is open for public inspection. Such proposed bud- admitted to the United States mails as second-class matter under get will be considered at a special meeting of the Beebe Draw Law Enforcement District Authority Board to be held in the First • the provisions of the Act of March 3, 1879, or any amendments Floor Assembly Room,915 10th Street,Greeley,Colorado on thereof; and that said newspaper is a daily newspaper duly - December 15.2008,at 9:00 a.m. Any interested elector within such Beebe Draw Law Enforcement Authority DIstnct may in for legal notices and- December set anyPmeporto get and file of any objections the meaqualifienning of the laws of the State of ColoradoBOARD OF COUNTY . within WELD COMMISSIONERS COUNTY,COLORADO DATED:November 7,2008 November 14,2008 The Tribune November 14,2008 Total Charges: $10.80 V ` � f^i f Advertising Clerk 14th day of November, 2008 My Commission Expires 02/14/2011 Z� Notary Public NOTICE OF ANNUAL MEETING DOCKET NO. 2008-78 NOTICE is hereby given that the Board of Weld County Commissioners of Weld County, Colorado, will convene as the Weld County Beebe Draw Law Enforcement District Authority Board. Said Annual Meeting of the Weld County Beebe Draw Law Enforcement District Authority Board is to be held in the First Floor Assembly Room, 915 10th Street, Greeley, Colorado on December 15, 2008, at 9:00 a.m. If a court reporter is desired, please advise the Clerk to the Board, in writing, at least five days prior to the hearing. The cost of engaging a court reporter shall be borne by the requesting party. In accordance with the Americans with Disabilities Act, if special accommodations are required in order for you to participate in this hearing, please contact the Clerk to the Board's Office at(970) 336-7215, Extension 4226, prior to the day of the hearing. E-Mail messages sent to an individual Commissioner may not be included in the case file. To ensure inclusion of your E-Mail correspondence into the case file, please send a copy to egesick@co.weld.co.us. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO DATED: November 7, 2008 PUBLISHED: November 14, 2008, in the Greeley Tribune Esther Gesick From: dig-filing dig-filing [dig-filing@state.co.us] Sent: Monday, December 22, 2008 3:38 PM To: Esther Gesick Subject: Re: Weld County 2009 Budget Submissions Thank you for your submission to DLG. This is your confirmation email notifying you that your filing reached our email box. We will review your submission and contact you with any problems or issues if necessary. Our received submissions of record from Weld County include: Pioneer LEA SW Weld LEA Bebe Draw LEA Weld County Emergency 911 Service Authority and The Weld County Budget Please consider this confirmation of our receipt of the documents, if we find any issues with your submissions thus far we will be in contact. Thank You Jarrod Biggs Technical Assistance Division of Local Government 1 Esther Gesick From: Esther Gesick Sent: Tuesday, December 16, 2008 5:00 PM To: dig-filing@state.co.us Cc: Don Warden; Esther Gesick Subject: Beebe Draw Law Enforcement Authority(LGID#62O83) 2009 Budget Attachments: Beebe Draw LEA 2009 Budget.pdf P�F Beebe Draw LEA 2009 Budget.pdf... Esther E. Gesick Deputy Clerk to the Board 915 10th Street Greeley, CO 80631 (970) 356-4000 X4226 (970) 352-0242 (fax) 1 a DEPARTMENT OF FINANCE AND ADMINISTRATION "RipPHONE (970) 356-4000, Ext. 4218 FAX: (970) 352-0242 P. O. BOX 758 C• GREELEY, COLORADO 80632 COLORADO December 15, 2008 Division of Local Government 1313 Sherman Street, Room 520 Denver, CO 80203 Dear Sirs: Enclosed please find the following documents relating to the Beebe Draw Law Enforcement Authority located in Weld County. 2009 Final Budget Resolution to Adopt Budget Resolution to Set Mill Levy Resolution to Appropriate Sums of Money Copy of Certification of Tax Levies The mill levy has been set at 7.0 mills, the maximum allowed under Section 30-11-406, C. R. S., as amended. The 7.0 mill levy was approved on the November 3, 1998 ballot by a majority of the voters. The voters also approved entirely "De-Brucing" the district. A copy of the certified tally sheet of the November 3, 1998, election results, plus the ballot question, is enclosed. Very truly yours, 1 71,161114 fru/It/ilk\--- Donald D. Warden, Director Finance and Administration Ddw/ch Enclosure 2008-3301 CERTIFICATION I hereby certify that the attached 2009 Final Budget is a true and accurate copy of the budget of the Weld County Beebe Draw Law Enforcement Authority District,adopted by the Board of County Commissioners, ex-officio Beebe Draw Law Enforcement Authority Board, on the 15th day of December, 2008. WELD COUNTY, COLORADO BY: //7(ll�'� 'i(y/�G %�GC(�i/i�- Donald D. Warden Clerk to the Board SUBSCRIBED AND SWORN TO before me this15th day of December, 2008. t /401 NOURV ` Notary Public ---p-- '• PUBLIC, /kb z '•.• di;Ca- My Commissron Enwes Sept 11 2009 SD0004 STATE OF COLORADO DEPARTMENT OF LOCAL AFFAIRS co DIVISION OF LOCAL GOVERNMENT °1% Local Government Services 1313 Sherman Street,Suite 521 +`jac6+ Denver,Colorado 80203 Phone: (303)866-2156 Bill Ritter,Jr. FAX: (303)866-4819 Governor TDD: (303)866-5300 Susan E.Kirkpatrick Executive Director October 7,2008 Beebe Draw Law Enforcement Authority(62083) Mr.Donald D.Warden OR Budget Officer PO Box 758 c/o Weld County Finance And Adm. Greeley,CO 80632 Dear Budget Officer: The Division of Local Government now encourages local governments to submit annual budgets electronically to the Division. We hope that this additional filing option will offer time and cost savings. Below are outlined requirements when submitting electronic budget documents to the Division. • Submissions should be mailed to:dle-tiling(k)state.co.us. • All budget documents should be in a pdf file with the name of the government,local government identification number(LGID#)and the phrase"2009 Budget"in the name of the file. Please do not protect the file from review,printing or saving. • Include in the subject line of the e-mail the local government name, LGID#,and the word BUDGET. You can also look up any LGID#by going to our website at http://www.dola.state.co.us and clicking on"List of Local Governments"on the left hand menu under"Department Services—Local Governments". Your local government's LGID#is: 62083 • Please submit only one local government budget per email. (For example,ABCD Metropolitan Districts#1, 2,3 and 4 should be submitted in separate emails and pdf files and will have separate LG ID numbers.) • All regular signatures should be included in thepdfdocument. • An email size of 15 megabytes is the largest size that can be handled by our email system. If a document is more than 15MB in size,it will need to be separated into multiplepdffiles each no larger than 15MB. • If you do not receive a reply confirmation within 48 hours after you send your budget,please contact Jarrod Biggs or Cynthia Thayer at(303)866-2156. • Please indicate within your email message if there are any other local government budgets incorporated within a budget(e.g.Urban Renewal Authority within the City's budget document). Please add the LGID#of any additional government incorporated within the general budget. As a reminder,pursuant to 29-1-113,C.R.S.a certified copy of the budget should be filed with the Division by January 31'. For additional information,please visit http://www.dola.colorado.t;ov/dlg/te/budgetinele filing.html/.At this time electronic filing is only available for the annual budget submittal,but we hope to expand this option to other filings in the future. If you have any questions,please contact us at(303)866-2156. Sincerely, Division of Local Government LOCAL GOVERNMENT BUDGET CALENDAR The following calendar, prepared by the Department of Local Affairs is a listing of the deadlines for the budget, for a local government audit and for the property tax certification process. Some deadlines are not statutory, but reflect good budgeting practices. For details on the applicable statutes listed below, please refer to the most current Colorado Revised Statutes ("C.R.S.") }y° !. �" � � 3 { January 1 Start of Fiscal Year; begin planning for the budget of the next year. January 10 Deadline for assessor to deliver tax warrant to county treasurer (C.R.S 39-5- 129.) January 31 A certified copy of the adopted budget must be filed with the Division. (C.R.S 29-1-113(1)). If a budget is not filed, the Division will authorize the county treasurer to withhold distribution of the local government's tax revenues. February 10 The Division sends notification to local governments whose budgets have not been filed with the Division. February 21 The Division will authorize the county treasurer to withhold tax revenues until a certified copy of the budget is filed with the Division. March 1 The U.S. Bureau of Labor Statistics releases the Consumer Price Index (the "CPI") for the Denver/Boulder area. This annual percent change is used with "local growth" to calculate "fiscal year spending" and property tax revenue limitations of TABOR. (Article X, Sec. 20, Colo. Const.) March 31 Deadline to request exemption from audit. (C.R.S 29-1-604(3)) Contact the Local Government Audit Division, Office of the State Auditor, (303) 869-2870. The Division notifies local governments of its determination that the entity has exceeded the statutory property tax revenue limit (the "5.5%" limit). June 30 Deadline for auditor to submit audit report to local government governing body. (C.R.S 29-1-606(a)(1)) July 31 Deadline for submitting annual audit report to the Office of the State Auditor. (C.R.S 29-1-606(3)) Deadline for request for extension of audit. (C.R.S 29-1- 606(4)) If an audit is required but has not been filed, the State Auditor's Office may authorize the county treasurer to withhold the local government's tax revenues. Page 1 LOCAL GOVERNMENT BUDGET CALENDAR, con't. August 25 Assessors certify to all taxing entities and to the Division of Local Government the total new assessed and actual values (for real and personal property) used to compute the statutory and TABOR property tax revenue limits. (C.R.S 39-5-121 (2)(b) and 39-5-128) . If applicable, upon receipt of the Certification of Valuation, submit to the Division certifications of service impact from increased mining production and/or from increased valuation due to previously exempt federal property which has become taxable. Certifications of impact are required if the value is to be excluded from the tax revenue limit. If applicable, apply to the Division for authorization to exclude from the statutory limit the assessed valuation attributed to new primary oil or gas production from any producing land or leaseholds. October 15 Budget officer must submit proposed budget to the governing body. (C.R.S. 29-1-105) Governing body must publish "Notice of Budget" upon receiving proposed budget. (C.R.S. 29-1-106(1)) Notice may be posted if budget is less than $50,000. November 1 Deadline for submitting applications to the Division for an increased levy pursuant to 29-1-302, C.R.S. and applications for exclusion of assessed valuation attributable to new primary oil or gas production from the 5.5% limit pursuant to (C.R.S. 29-1-301 (1)(b)) December 10 Assessors' changes in assessed valuation will be made only once by a single notification (re-certification) to the county commissioners or other body authorized by law to levy property tax, and to DLG. (C.R.S. 39-1-111(5)) December 15 Deadline for certification of mill levy to county commissioners (C.R.S 39-5- 128(1)). Local governments levying property tax must adopt their budgets before certifying the levy to the county. If the budget is not adopted by certification deadline, then 90 percent of the amounts appropriated in the current year for operations and maintenance expenses shall be deemed re- appropriated for the purposes specified in such last appropriation. (C.R.S. 29- 1-108(2) and (3)) December 22 Deadline for county commissioners to levy taxes and to certify the levies to the assessor. (C.R.S. 39-1-111(1)) December 31 Local governments not levying a property tax must adopt the budget on or before this date; if they fail to adopt the budget see the penalty for failure to adopt cited on December 15. All governing bodies must enact a resolution or ordinance to appropriate funds for the ensuing fiscal year. If the budget is not appropriated by year end, then 90 percent of the amounts appropriated in the current year for operations and maintenance expenses shall be deemed re- appropriated for the budget year. (C.R.S 29-1-108(4)) Page 2 SUMMARY OF LOCAL GOVERNMENT BUDGET LAW FORMAT & CONTENT REQUIREMENTS (29-1-101, et seq., C.R.S.) Use this checklist to ensure that your budget will be in compliance with the format and content requirements of the Local Government Budget Law. A budget presents a complete financial plan by fund and by spending agency within each fund and sets forth the following: • Proposed Expenditures must be shown for administration, operations, maintenance, debt service, and capital projects to be undertaken or executed during the year. (29-1-103(1)(a), C.R.S.) • Anticipated Revenue must be set forth. (29-1-103(1)(b), C.R.S.) ▪ Estimated Beginning and Ending Fund Balances must be shown. (29-1- 103(1)(c), C.R.S.) Fund Balances are described as " . . . the balance of total resources available for subsequent years' budgets . . . (29-1-102 (11), C.R.S.) • Three Years' Comparable Data must be shown in the budget: the prior fiscal year's actual figures (2007); the estimated figures through the end of the current fiscal year (2008); and the budget year's data (2009). (29-1-103(1)(d), C.R.S.) G Written Budget Message must: u describe the important features of the budget; ❑ include a statement of the budgetary basis of accounting used in the budget [cash, modified accrual, or encumbrance, (29-1-102(2)C.R.S.]; ❑ include a description of the services to be delivered during the budget year. (29-1-103(1)(e), C.R.S.) u Expenditures and Revenues must be described with ". . . explanatory schedules or statements classifying the expenditures by object and the revenues by source." (29-1-103(1)(f), C.R.S.) No Deficit Spending. No budget shall provide for expenditures in excess of available revenues and beginning fund balances. (29-1-103(2), C.R.S.) ❑ Lease-purchase agreement supplemental schedule. The adopted budget must separately set forth the total amount to be expended during the budget year for payment obligations under all lease purchase agreements for real property and for all other property. It must also show the total maximum payment liability under the agreement, and all optional renewal terms. (29-1- 103(3)(d), C.R.S.) . Filing the Budget. A certified copy of the budget must be filed with the Division of Local Government by January 31. (29-1-113(1), C.R.S.) A certified copy means that it has on it a signed statement indicating: I, , certify that the attached is a true and accurate copy of the adopted 2009 budget of the fname of local government). 2009 Budget Preparation County Tax Entity Code DOLA LGID/SID CERTIFICATION OF TAX LEVIES for NON-SCHOOL Governments TO: County Commissioners' of , Colorado. On behalf of the A (taxing entity) the (governing body)$ of the (local governmenpf Hereby officially certifies the following mills to be levied against the taxing entity's GROSS $ F. assessed valuation of: (GROSSn assessed valuation,Line 2 of the Certification of Valuation Form DLG 57 ) Note: If the assessor certified a NET assessed valuation (AV)different than the GROSS AV due to a Tax Increment Financing(TIF)Areal'the tax levies must be $ calculated using the NET AV. The taxing entity's total (NrTG Line 4 of the Certification of Valuation Form DLG assessed valuation, 57) property tax revenue will be derived from the mill levy multiplied against the NET assessed valuation of: Submitted: for budget/fiscal year (not later than Dec. 15) (mmidd/yyyy) (YYYY) PURPOSE(see end notes for definitions and examples) LEVY2 REVENUE2 1. General Operating Expenses" mills $ 2. <Minus> Temporary General Property Tax Credit/ Temporary Mill Levy Rate Reduction' > mills $ < > SUBTOTAL FOR GENERAL OPERATING: mills $ 3. General Obligation Bonds and Interest' mills $ 4. Contractual Obligations" mills $ 5. Capital Expenditures'' mills $ 6. Refunds/Abatements"' mills $ 7. Other" (specify): mills $ mills $ TOTAL: r Sum of General Operating mills $ L L Subtotal and Lines 3 to 7 Contact person: Daytime (print) phone: ( ) Signed: Title: Include one copy of this tax entity's completed form when.filing the local government's budget by January 31st,per 29-1-113 C.R.S., with the Division of Local Government(DLG),Room 521, 1313 Sherman Street,Denver, CO 80203. Questions? Call DLG at(303)866-2156. If the taxing entity's boundaries include more than one county,you must certify the levies to each county. Use a separate form for each county and certify the same levies uniformly to each county per Article X,Section 3 of the Colorado Constitution. Levies must be rounded to three decimal places and revenue must be calculated from the total NET assessed valuation(Line 4 of Form DLG57 on the County Assessor's final certification of valuation). Form DLG 70(rev 7/08) Page 1 of 4 CERTIFICATION OF TAX LEVIES, continued THIS SECTION APPLIES TO TITLE 32, ARTICLE 1 SPECIAL DISTRICTS THAT LEVY TAXES FOR PAYMENT OF GENERAL OBLIGATION DEBT (32-1-1603 C.R.S.). Taxing entities that are Special Districts or Subdistricts of Special Districts must certify separate mill levies and revenues to the Board of County Commissioners, one each for the funding requirements of each debt(32-1-1603, C.R.S.) Use additional pages as necessary. The Special District's or Subdistrict's total levies for general obligation bonds and total levies for contractual obligations should be recorded on Page 1, Lines 3 and 4 respectively. CERTIFY A SEPARATE MILL LEVY FOR EACH BOND OR CONTRACT: BONDS': 1. Purpose of Issue: Series: Date of Issue: Coupon Rate: Maturity Date: Levy: Revenue: 2. Purpose of Issue: Series: Date of Issue: Coupon Rate: Maturity Date: Levy: Revenue: CONTRACTS": 3. Purpose of Contract: Title: Date: Principal Amount: Maturity Date: Levy: Revenue: 4. Purpose of Contract: Title: Date: Principal Amount: Maturity Date: Levy: Revenue: Use multiple copies of this page as necessary to separately report all bond and contractual obligations per 32-1-1603, C.R.S. Form DLG 70(rev 7/08) Page 2 of 4 Notes: "Taxing Entity—A jurisdiction authorized by law to impose ad valorem property taxes on taxable property located within its territorial limits (please see notes B, C, and H below). For purposes of the DLG 70 only, a taxing entity is also a geographic area formerly located within a taxing entity's boundaries for which the county assessor certifies a valuation for assessment and which is responsible for payment of its share until retirement of financial obligations incurred by the taxing entity when the area was part of the taxing entity. For example: an area of excluded property formerly within a special district with outstanding general obligation debt at the time of the exclusion or the area located within the former boundaries of a dissolved district whose outstanding general obligation debt service is administered by another local government". B Governing Body—The board of county commissioners, the city council, the board of trustees, the board of directors, or the board of any other entity that is responsible for the certification of the taxing entity's mill levy. For example: the board of county commissioners is the governing board ex officio of a county public improvement district(PID); the board of a water and sanitation district constitutes ex officio the board of directors of the water subdistrict. e Local Government-For purposes of this line on Page lof the DLG 70, the local government is the political subdivision under whose authority and within whose boundaries the taxing entity was created. The local government is authorized to levy property taxes on behalf of the taxing entity. For example, for the purposes of this form: 1. a municipality is both the local government and the taxing entity when levying its own levy for its entire jurisdiction; 2. a city is the local government when levying a tax on behalf of a business improvement district (BID) taxing entity which it created and whose city council is the BID board; 3. a fire district is the local government if it created a subdistrict, the taxing entity, on whose behalf the fire district levies property taxes. 4. a town is the local government when it provides the service for a dissolved water district and the town board serves as the board of a dissolved water district, the taxing entity, for the purpose of certifying a levy for the annual debt service on outstanding obligations. °GROSS Assessed Value-There will be a difference between gross assessed valuation and net assessed valuation reported by the county assessor only if there is a "tax increment financing" entity (see below), such as a downtown development authority or an urban renewal authority, within the boundaries of the taxing entity. The board of county commissioners certifies each taxing entity's total mills upon the taxing entity's Gross Assessed Value found on Line 2 of Form DLG 57. E Certification of Valuation by County Assessor,Form DLG 57-The county assessor(s)uses this form (or one similar)to provide valuation for assessment information to a taxing entity. The county assessor must provide this certification no later than August 25`h each year and may amend it, one time,prior to December 10`h. r TIF Area—A downtown development authority(DDA)or urban renewal authority (URA), may form plan areas that use "tax increment financing" to derive revenue from increases in assessed valuation (gross minus net, Form DLG 57 Line 3)attributed to the activities/improvements within the plan area. The DDA or URA receives the differential revenue of each overlapping taxing entity's mill levy applied against the taxing entity's gross assessed value after subtracting the taxing entity's revenues derived from its mill levy applied against the net assessed value. G NET Assessed Value—The total taxable assessed valuation from which the taxing entity will derive revenues for its uses. It is found on Line 4 of Form DLG 57. u General Operating Expenses (DLG 70 Page 1 Line 1)—The levy and accompanying revenue reported on Line 1 is for general operations and includes, in aggregate, all levies for and revenues raised by a taxing entity for purposes not lawfully exempted and detailed in Lines 3 through 7 on Page 1 of the DLG 70. For example: a fire pension levy is included in general operating expenses, unless the pension is voter-approved, if voter-approved, use Line 7 (Other). Form DLG 70(rev 7/08) Page 3 of Temporary Tax Credit for Operations (DLC 70 Page 1 Line 2)—The Temporary General Property Tax Credit/Temporary Mill Levy Rate Reduction of 39-1-111.5, C.R.S. may be applied to the taxing entity's levy for general operations to effect refunds. Temporary Tax Credits (TTCs) are not necessary for other types of levies (non-general operations) certified on this form because these levies are adjusted from year to year as specified by the provisions of any contract or schedule of payments established for the payment of any obligation incurred by the taxing entity per 29-1-301(1.7), C.R.S., or they are certified as authorized at election per 29-1-302(2)(b), C.R.S. General Obligation Bonds and Interest(DLG 70 Page 1 Line 3)—Enter on this line the total levy required to pay the annual debt service of all general obligation bonds. Per 29-1-301(1.7) C.R.S., the amount of revenue levied for this purpose cannot be greater than the amount of revenue required for such purpose as specified by the provisions of any contract or schedule of payments. Title 32, Article 1 Special districts and subdistricts must complete Page 2 of the DLG 70. K Contractual Obligation (DLC 70 Page 1 Line 4)—If repayment of a contractual obligation with property tax has been approved at election and it is not a general obligation bond (shown on Line 3), the mill levy is entered on this line. Per 29-1-301(1.7)C.R.S., the amount of revenue levied for this purpose cannot be greater than the amount of revenue required for such purpose as specified by the provisions of any contract or schedule of payments. L Capital Expenditures (DLG 70 Page 1 Line 5)—These revenues are not subject to the statutory property tax revenue limit if they are approved by counties and municipalities through public hearings pursuant to 29-1- 301(1.2) C.R.S. and for special districts through approval from the Division of Local Government pursuant to 29- 1-302(1.5) C.R.S. or for any taxing entity if approved at election. Only levies approved by these methods should be entered on Line 5. M Refunds/Abatements (DLG 70 Page 1 Line 6)—The county assessor reports on the Certification of Valuation (DLG 57 Line 11)the amount of revenue from property tax that the local government did not receive in the prior year because taxpayers were given refunds for taxes they had paid or they were given abatements for taxes originally charged to them due to errors made in their property valuation. The local government was due the tax revenue and would have collected it through an adjusted mill levy if the valuation errors had not occurred. Since the government was due the revenue, it may levy, in the subsequent year, a mill to collect the refund/abatement revenue. An abatement/refund mill levy may generate revenues up to, but not exceeding, the refund/abatement amount from Form DLG 57 Line I I. 1. Please Note: If the taxing entity is in more than one county, as with all levies, the abatemcnt levy must be uniform throughout the entity's boundaries and certified the same to each county. To calculate the abatement/refund levy for a taxing entity that is located in more than one county, first total the abatement/refund amounts reported by each county assessor, then divide by the taxing entity's total net assessed value, then multiply by 1,000 and round down to the nearest three decimals to prevent levying for more revenue than was abated/refunded. This results in an abatement/refund mill levy that will be uniformly certified to all of the counties in which the taxing entity is located even though the abatement/refund did not occur in all the counties. " Other (DLG 70 Page 1 Line 7)—Report other levies and revenue not subject to 29-1-301 C.R.S. that were not reported above. For example: a levy for the purposes of television relay or translator facilities as specified in sections 29-7-101, 29-7-102, and 29-7-105 and 32-1-1005 (I) (a), C.R.S.; a voter-approved fire pension levy; a levy for special purposes such as developmental disabilities, open space, etc. Form DLG 70(rev 7/08) Page 4 of 4 Hello