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0 <br />Center of Colorado taster Conservancy District <br />'Park County Water for Park Couaaty' <br />P.U. Box 1747 $48 Front St. — Falrpfay, CO 80440 -1747 <br />TeL 719. 836.2120 Fax. 719 - 836 -2120 <br />ECONOMIC FACTORS AND 2010 BUDGET <br />The Park County Assessor has reported 2010 budget year assessed values have increased to <br />$451,263,073, which is an increase from 2009 of 12.8 %. Property tax revenues are expected to <br />increase from $399,963 to $451,263. There is no increase in the District's mill levy for 2010, nor <br />do we have any intentions of seeking approval for a mill levy increase. We considered the <br />increase in assessed valuation, together with the anticipated costs of continuing to delop <br />these storage facilities when we adopted our original 2010 budget; <br />• General Fund revenues are expected to increase to a projected $695,,`,419 <br />• General Fund expenses excluding capital outlays are projected at�$460,97' -which is an <br />$83,392 increase from the current year (excluding capital oyays) We erect to incur <br />higher debt service expenditures, increased ad ministration expense rdsWt'ing from the <br />creation of a new position to oversee operations, and to:ncrease our investment in the joint <br />venture that markets and sales water augmentation; nghs <br />With the creation of an operations manager <br />managing our growing resource base. This;., <br />trict focus has shifted to <br />will enable us to- <br />1. Improve our oversight of the projec �ncurr ntly underway, and <br />2. Increase the benefits resulting from cost snaring with various individuals, <br />governmental and non- govet�ental entities by exercising our managerial <br />experience and engin tin, skids at'�ritical phases of the acquisition, financing and <br />development processes. <br />p 010 rev <br />• <br />Asa result of ro'ecte d2} enue� exceeding expenditures, we expect that our General <br />Fund Balance will in by $11,305 for 2010 <br />CONTACTING,THE;.DIST,,RICT'S FINANCIAL MANAGEMENT <br />This financial report is intended and designed to provide our taxpayers, constituents, and <br />creditors With a' enerM overview of the District's finances and to demonstrate the District's <br />ii I' account ility for, th6,money it receives. If you have questions about this report or need <br />additional 1hformation, contact Mr. Daniel Drucker at 303.838.0302 or the recording secretary, <br />Ms �'lola K nudser at 719 - 836 -2120 or any of the Board of Directors listed below. Monthly <br />meetings of the District's Board of Directors are scheduled for the first Wednesday of every <br />calendarrrl,f th at 548 Front Street, Fairplay, CO. <br />There are four current Board of Directors and one vacant position; <br />(1) Daniel Drucker (2) Geri Salsig (3) Elizabeth McVicker and (4) Ron Swanigan <br />Board of Directors <br />Daniel Drucker, President <br />11-V <br />