COMMERCE CITY, COLO. – City Council approved Commerce City’s 2012 -2013 biennial budget in an 8 to 1 vote tonight, following a six-month annual budgeting process that included day-long meetings, department presentations and lively discussions. The final budget assumes 2012 general fund revenues of $47,147,629 – an increase of five percent from last year based on improving economic conditions. 2012 general fund expenditures are expected to be $46,215,032. Transfers for two small funds, debt service and capital projects add another $8,993,708 primarily funded out of fund balances.“I am pleased we were able to deliver a balanced budget for the fifth consecutive year, without impacts to existing citizen services or impacts to dedicated city staff, said City Manager Jerry Flannery. “Moreover, we were able to provide funding for several capital improvement projects throughout the city that will make a significant difference to the quality of life our residents enjoy.”
The city’s 2012 Capital Improvement and Preservation Plan (CIPP) program totals nearly $7 million and will include the following projects:
· 104th Avenue multi-use path
$20,000
· 120th Avenue (U.S. 85 to Platte River)
$335,965
· Boys & Girls Club
$240,000
· Concrete flatwork
$370,000
· Dupont Neighborhood improvements
$171,162
· Fairfax Park recommendations
$385,000
· General Park improvements
$50,000
· Golf Course equipment replacement
$25,500
· Golf Course irrigation upgrade
$26,000
· Pavement management
$1,000,000
· Police radio replacement
$38,000
· Recreation Center enhancements
$270,270
· Sand Creek Trail
$85,000
· Soccer field payment
$3,710,000
· Stormwater utility fee
$200,000
· Technology infrastructure improvement program
$39,000
· Tree replacement program
$30,000
Approximately 72 percent of the city’s general fund revenue is funded by sales and use tax revenues, while the city’s CIPP this year is being primarily funded with one-time tax settlement dollars. Proposed 2012 expenditures are broken out by category as follows:
· Administration
$4,045,752
· Human Resources
$860,089
· Finance
$10,899,125
· Community Development
$3,223,838
· Public Safety
$13,509,932
· Public Works
· Refuse Collection
$5,442,553
$1,914,806
· Parks and Recreation
$6,318,937
“The city is in a strong financial position thanks to established city council policies and strong fiscal management by the city’s finance department,” added Flannery. “In assessing our long-term financial strategy, city council and our citizens will need to determine what capital improvements are necessary and how best to fund them as current revenue projections will not cover the long-range goals desired.”
To review the complete biennial budget, please visit http://www.c3gov.com/index.aspx?nid=253.
