HomeMy WebLinkAbout20170355.tiffEATON AREA PARK & RECREATION DISTRICT
Box 155
Eaton, CO 80615
This is the annual report of the District to the Weld County Clerk and the Board of County
Commissioners. Following are the significant events of 2016:
1. There were no boundary changes or proposed boundary changes to the District.
2. A memorandum of understanding was reached in 2016 with Eaton School District (RE-
2)regarding the District's purchase of approximately 33 acres of land from the School
District for the site of the community center. No other significant intergovernmental
agreements have been entered into.
3. No rules or regulations have been adopted as the operating phase of the District has not
been entered.
4. The District is not in any litigation.
5. Ground -breaking on the community center was in April 2016 with completion scheduled
in July 2017.
6. No facilities or improvements have been constructed by the District, except as noted above.
7. The assessed valuation for 2017 is $342,071,360.
8. The 2017 budget summary is attached.
9. The District will be having a financial statement audit for 2016.
RECEIVED
FEB C 2 ^"`7
WELD COUNTY
COMMISSIONERS
C-orinnnonic+i ores
/Cp/ I -1
2017-0355
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GENERAL FUND
BUDGET
Eaton Area Park & Recreation District
January 1 - December 31, 2017
Description
Actual
Prior
2015
Year
Estimated
Current
Year
2016
Proposed
Budget
2017
ESTIMATED
REVENUES
Beginning Balance
January 1:
-
23,597,882
12,825,507
Operating
Revenues:
Fees
150,000
Rentals
30,000
Non
-Operating
Revenues:
General
Property
Tax
-
2,913,638
2,891,664
S.O.
Taxes (Vehicles)
-
200,000
200,000
(58,605)
30,000
10,000
Interest
Earned
Contributions
and grants
5,308
-
1,250,000
Proceeds
of
bonds
25,223,177
-
-
25,169,880
26,741,520
17,357,171
TOTAL
AVAILABLE
REVENUES
ESTIMATED
EXPENDITURES
Operating
Expenditures:
Operations:
660,000
Administration:
Legal
fees,
dues,
accounting, insurance
17,166
30,000
-
Repay
Town
of
Eaton
22,375
-
Capital
Outlay
757,739
12,000,000
13,000,000
Debt
Service
797,093
1,863,638
1,866,450
1,571,998
13,916,013
I
15,526,450
TOTAL
EXPENDITURES
Ending
Balance
December
31:
23,597,882
12,825,507
1,830,721
CALCULATION
OF
MILL
LEVY
1.
Amount
General
required
Property
to
Taxes
balance
budget
from
0
2,913,638
2,891,664
2.
Add:
Provision
for Uncollectibles
3.
Add:
County
Treasurer's Fees
4.
Total
Amount
of
Property
Tax Needed
-
2,913,638
2,891,664
5.
Assessed Valuation
438,770,760
587,907,960
342,071,360
6.
Mill Levy Necessary
to Produce
Needed
0
4.956
8.453
4
+ No. 5
Amount (No.
$ $)
Rev. 7/76
-2-
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