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  1. 12/14/2007 2008 BUDGET APPROVED
  2. The 2008 Budget for Platte Canyon Water and Sanitation District was approved by the District’s Board of Directors on November 30, 2007.  The entire budget is available for review by clicking on the following link:  /repository/documents/PCBUDGET.2008.FORM.pdf.
     
    The 2008 Budget projects total revenue in the amount of $2,622,479 and total expenses amounting to $2,818,271.  The $195,792 deficit will be funded through a reduction in the District’s Reserve Fund.
     
    Budget Summary
     
    Revenue
    2007 Budget
    2007 Estimate
    2008 Budget
     
    Contract Maintenance
    $   650,000
    $   771,975
    $   805,650
    Property Taxes
    $1,179,276
    $1,177,993
    $1,315,227
    Other
    $   591,151
    $   559,369
    $   501,602
    Total
    $2,358,427
    $2,509,337
    $2,622,479
     
     
    Expenses
    2007 Budget
    2007 Estimate
    2008 Budget
     
    Operations
    $1,725,193
    $1,546,722
    $1,826,051
    Capital
    $1,372,496
    $1,098,900
    $   992,220
    Total
    $3,097,688
    $2,645,622
    $2,818,271
     
     
    Increase/(Decrease) to Reserve
    2007 Budget
    2007 Estimate
    2008 Budget
     
     
    ($739,261)
    ($136,285)
    ($195,792)
     
    The Board of Directors approved certification of a general operations property tax mill levy of 7.104 mills or $7.10 for each $1,000 of an individual property’s assessed value.  The general operations mill levy has remained constant since 2000.  In addition to the general operations mill levy, the Board of Directors certified a mill levy of 0.017 mills to recover property tax abatements and refunds granted by Jefferson and Arapahoe Counties in 2007.  Total property tax revenue to be collected in 2008 is $1,315,227.
     
    Revenue expected to be received in 2008 from administrative and facility maintenance services performed for Southwest Metropolitan, Bow Mar, Columbine, and Lochmoor Water and Sanitation Districts and Valley Sanitation District is $806,650.  Services performed for surrounding districts helps Platte Canyon offset fixed overhead costs and operate as efficiently as possible.
     
    Administrative and operating costs budgeted for 2008 amount to $1,826,054, 5.85 percent more than was budgeted in 2007.  Capital expenses are projected to be $992,220 as opposed to $1,372,496 budgeted in 2007.
     
    Additional highlights and details pertaining to Platte Canyon’s 2008 Budget are available at /repository/documents/PCBUDGET.2008.FORM.pdf.