To: Board of County Commissioners
Through: Todd Weaver, Director, Finance Department
Prepared By:
prepared
Jessica Savko, Budget Manager, Finance Department
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presenter
Presenter: Jessica Savko, Budget Manager, Finance Department
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Subject:
title
Public Hearing on the 2025 Recommended Budget
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Purpose and Request:
recommended action
The purpose of this public hearing is to provide all interested persons and citizens an opportunity to be heard concerning the 2025 Recommended Budget for Arapahoe County, the Arapahoe Law Enforcement Authority, the Arapahoe County Recreation District, and the Arapahoe County Water and Wastewater Public Improvement District. The adoption of the 2025 budget will occur on December 10, 2024.
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Background and Discussion: The 2025 Recommended Budget was submitted to the Board of County Commissioners on October 8, 2024, and contained the budget recommendations of the Executive Budget Committee. The Executive Budget Committee (EBC) presented these budget recommendations to the Board of County Commissioners during a study session on October 15, 2024. The recommended budget contains projected revenues and expenditures for fiscal year 2025, is in conformance with Colorado law including the Taxpayer’s Bill of Rights (TABOR) and other legal revenue and spending restrictions, and the General Fund operating budget is structurally balanced.
For Arapahoe County the total recommended 2025 expenditure budget is $571.8 million, an increase of 3.6% from the adopted 2024 budget of $552.1 million. The County’s General Fund increased 9.6% from $246.7 million in the 2024 adopted budget to $270.4 million in the 2025 recommended budget. The total recommended 2025 expenditure budget for the Arapahoe Law Enforcement Authority is $12.9 million. The Arapahoe County Recreation District budget for the 2025 recommended budget totals $1.5 million for expenditures. The Arapahoe County Water and Wastewater Authority Public Improvement District (PID) has a recommended budget of $9.0 million for the 2025 payment of debt service for bonds and other debt issuances.
For capital projects, the Capital Improvement Program budget totals $10.2 million with $7.4 million allocated for facility projects, $1.5 million for technology projects and $1.35 million for transportation projects. Additional recommended budget information is attached to this Board Summary Report and will be presented during the public hearing on October 22, 2024. The Finance Department will conduct a short presentation on the content of the 2025 Recommended Budget and be available to answer questions from the Board or the public.
Fiscal Impact: There is no fiscal impact from this public hearing and is designed to be an opportunity for discussion and comment on the content of the 2025 recommended budget by the BOCC and citizens.
Alternatives: No direction from the Board of County Commissioners is required. Therefore, alternatives are not applicable for this item.
Alignment with Strategic Plan:
☒Be fiscally sustainable
☐Provide essential and mandated service
☐Be community focused
Staff Recommendation: N/A
Concurrence: N/A
Suggestion Motion(s): Attached copy of recommended motion.
Resolution: Attached copy of recommended resolution.