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  1. 12/30/2011 2012 BUDGET APPROVED BY BOARD OF DIRECTORS
  2. The Platte Canyon Board of Directors has adopted a 2012 budget calling for total revenue from all sources is projected to be $2,521.020 in 2012. Total expenditures are budgeted at $3,287,115; 43.4 percent more than budgeted in 2011. General fund expenditures are budgeted at $1,964,403; 4.0 percent more than 2011 budgeted expenses amounting to $1,816,124. Capital expenses for 2012 are budgeted at $1,322,712; 227.6 percent more than budgeted in 2011.
     
    Beginning funds available in 2012 are estimated to be $10,232,755. The reserve fund balance is projected to decrease $766,095 to $9,466,660 at year end 2012.
     
    The general operations mill levy for Platte Canyon Water and Sanitation District in 2012 (tax year 2011) is proposed to remain the same as the levy certified in tax years 2005 through 2011; 7.104 mills. There are no abatements and refunds for Jefferson and Arapahoe Counties in tax year 2010. The total mill levy proposed for certification is 7.104 as compared with a mill levy of 7.114 assessed in tax year 2010. The total mill levy to be assessed upon all property located within the Platte Canyon District is 7.104 mills or $7.104 for each $1,000 of assessed value.
       
    The Platte Canyon Board also adopted budgets and certified property tax mill levies for Platte Canyon Water and Sanitation District Subdistrict No. 1 and Platte Canyon Water and Sanitation District Subdistrict No. 2. The two subdistricts are special taxing entities approved by voters in Columbine Townhouses Three and Columbine Townhouses Four. Residents in the two subdivisions agreed to tax themselves to replace aging private water systems. When the water system improvements were completed, Platte Canyon Water and Sanitation District assumed ownership and future maintenance responsibility of the facilities.
     
    You can view additional highlights and details pertaining to Platte Canyon’s 2011 Budget here.