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HomeMy WebLinkAbout20174205RESOLUTION RE: SETTING THE MILL LEVY FOR THE ANNUAL APPROPRIATION FOR WELD COUNTY, COLORADO, FOR FISCAL YEAR 2018 WHEREAS, the Board of County Commissioners of the County of Weld, State of Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, it is necessary, by Colorado statute and by the Weld County Home Rule Charter, to set the mill levy for the annual appropriation for Weld County Colorado for Fiscal Year 2017, and WHEREAS, the amount of money necessary to balance the budget for County funds is as follows: FUND County General Fund Public Works Fund Social Services Fund Contingency Fund Capital Expenditures IGS - Insurance Fund AMOUNT $ 93,101, 051 16,500,000 11,403,328 12,000,000 10,250,000 2,500,000 $ 145,754,379 WHEREAS, the 2017 valuation for assessment for the County of Weld as certified by the County Assessor is $9,224,960,710 for Budget Year 2018. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners in and for the County of Weld, State of Colorado, that for the purpose of meeting all legal expenses under Sections 29-1-301 through 29-1-305, C.R.S., Section 13-7 of the Weld County Home Rule Charter, there is hereby levied the following mills upon each dollar of the total valuation for assessment of all taxable property within the County for Fiscal Year 2018: FUND Gross County General Fund Temporary Mill Levy Reduction Net County General Fund Public Works Fund Social Services Fund Contingency Fund Capital Expenditures Fund IGS - Insurance Fund MILLS 16.330 -6.238 10.092 1.789 1.236 1.301 1.111 0.271 REVENUE $ 150,646,356 -57,545,305 $93,101,051 16,500,000 11,403,328 12,000,000 10,250,000 2,500,000 15.800 $ 145,754,379 CC : F"t (DW) I -19-I? 2017-4205 F I0066 RE: SET MILL LEVY, 2018 PAGE 2 BE IT FURTHER RESOLVED by the Board that the County Assessor and the County Treasurer of Weld County, Colorado, be, and hereby are, authorized and directed to make such entries upon their books, at such time or times as will be necessary to make this Mill Levy Resolution effective for the annual appropriation for Weld County, Colorado, for Fiscal Year 2018. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 13th day of December, A.D., 2018. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLOR/9OO ATTEST: Ve"zitt.,yj ediZ Weld County Clerk to the Board Date of signature: *5/7 f� 6/ Julie Cgzad, Chair Steve Moreno, Pro-Tem Sean P. Conway arbara Kirkmeyer 2017-4205 F10066 MEMORANDUM TO: Chris Woodruff, County Assessor December 13, 2017 FROM: Julie A. Cozad, Chair Board of Weld County Commissioners SUBJECT: 2018 Mill Levy This is to clarify that the 6.238 temporary mill levy reduction was reduced from the General Fund mill levy of 16.330 for a net General Fund mill levy of 10.092. The total County mill levy was 22.038, less the 6.238 mill levy, for a net of 15.800 mills for the 2018 mill levy for Weld County. 2018 Memo to Assessor on Mill Levy -Julie A. Cozad, Chair Board of Weld County Cbrrfmissioners 2017-4205 County Tax Entity Code DOLA LG1D/SID CERTIFICATION OF TAX LEVIES for NON -SCHOOL Governments TO: County Commissioners' of Weld County , Colorado. On behalf of the County of Weld (taxing entily)A the Board of Weld County Commissioners (governing body)° of the County of Weld (local government)C Hereby officially certifies the following mills to be levied against the taxing entity's GROSS $ 9,401,131,360 assessed valuation of: (GROSS' assessed valuation, Line 2 of the Certification of Valuation Form DLG 57E) Note: If the assessor certified a NET assessed valuation (AV) different than the GROSS AV due to a Tax Increment Financing (TIF) Area' the tax levies must be $ 9,224,960,710 calculated using the NET AV. The taxing entity's total (NETS assessed valuation, Line 4 of the Certification of Valuation Form DLG 57) property tax revenue will be derived from the mill levy multiplied against the NET assessed valuation of: Submitted: (not later than Dec. 15) 12/13/2017 (mm/dd/yyyy) for budget/fiscal year 2018 (yyyy) PURPOSE (see end notes for definitions and examples) 1. General Operating Expenses" 2. <Minus> Temporary General Property Tax Credit/ Temporary Mill Levy Rate Reduction' SUBTOTAL FOR GENERAL OPERATING: 3. General Obligation Bonds and Interest' 4. Contractual Obligations" 5. Capital Expenditures' 6. Refunds/Abatements" 7. Other" (specify): LEVY2 REVENUE2 22.038 mills $203,299,684 < 6.238> mills $ <57,545,305> 15.800 mills mills mills mills mills mills mills 145,754,379 TOTAL. Sum of General Operating 1 [ Subtotal and Lines 3 to 7 Contact person: (print) Signed: Donald Warden 15.800 mills $145,754,379 Daytime phone: ( 970) 400-4218 Julie A. Cozad, Chair Title: Board of Weld Co. Commissioners 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. 2 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 tnal certification of valuation). Form DLG 70 (rev 7/08) Page 1 of 5 Hello