The URL can be used to link to this page

2008 Budgetaff, of the VALLEY C O L O R A D O Post Office Box 975 400 Benchmark Road Avon... a smoke-free community Avon, Colorado 81620 970-748-4000 970-949-9139 Fax December 11, 2007 Relay recognized www.avon.org Citizens of Avon, Honorable Mayor, and Members of the Avon Town Council: We are pleased to present to you the annual budget of the Town of Avon for the calendar year 2008. This budget represents the Town's commitment to the needs of the community and providing quality services while practicing prudent fiscal management. This document identifies the Town's financial issues and proposed solutions and communicates the Town's goals and objectives. The budget has been prepared in accordance with the Town Charter and all applicable Town ordinances. It uses the modified accrual basis of accounting for all funds. This document is an important means of communication and serves as a policy and operations guide for Town Council and staff as it represents the Town's financial plan for 2008. YEAR IN REVIEW 2007 has been a productive year for the Town of Avon, particularly in moving forward with our goal to improve the Town Center Core. Below are some highlights of new development, capital improvements, and policy that have occurred in the past year. Westin Riverfront Resort & Spa In 2006, the Town approved a development agreement with East West Partners for the Westin Riverfront Resort & Spa. This $500 million project is now well -underway. The high-speed gondola, to which the Town contributes operating funds, will open December 20, 2007. The first phase of the Westin project, which includes 210 whole -ownership units, is anticipated to open in the summer of 2008. Over half the units have already been sold at an average price of over $1,000 per square foot. Other benefits for the Town on this project are a 5 -acre riverfront park (to be dedicated to the Town), a public plaza, and the Westin's overall connectivity with Town Center West and Avon Station, the new transit center. Avon Station Avon Station, a multi -modal transit center, opened in late November, 2007. Avon Station includes queuing for six full-size buses and a 450 square foot enclosed heated shelter. Its location is strategic to the town center core and is within a five-minute walk of the Avon Recreation Center, Avon Library, Eagle Valley Core Trail and nearly every hotel in Avon. It is also only 400 ft. walking distance to the new Riverfront gondola, which offers direct access to skiing at Beaver Creek. In the future, the transit center could also easily be configured for use as a rail station should light rail become a reality for the Valley. This project was funded by a $2.1 million vii CDOT Senate Bill 1 Strategic Transportation Grant as well as a $400,000 contribution from Eagle County. Street & Pedestrian Crossing Improvements In order to increase the connectivity of the Town Center West and East, Roundabout #4 was converted to a complete roundabout. This project was completed at the end of May and received a favorable response from motorists. Also in an effort to improve connectivity to the Town Center West, the Town constructed two new railroad crossings to provide pedestrian and bicycle connections between the regional trail along the Eagle River and the Nottingham Park trail and Town Center pedestrian areas. The east railroad crossing, located north of the Riverfront Gondola, will provide direct access from the new transit center to the gondola as well as access to the town center core. The crossing is pedestrian -oriented and is being constructed with decorative pavers and posts to separate pedestrians from vehicular traffic. The west railroad crossing is located east of the town's municipal building and will provide for vehicular access from Benchmark Road to Riverfront Drive. As part of its larger vision of improving the Town of Avon's street design, Benchmark Road will eventually be straightened and will align directly with the west railroad crossing. Additionally, the Town replaced current railroad ties with pre -cast concrete panels to provide a much smoother driving surface on the railroad crossing at West Beaver Creek. Avon's Urban Renewal Authority The Town continues to move forward in its implementation of a pedestrian and vehicular mall in the six -block area known as Town Center West that will also serve as a connector between Avon Road, Nottingham Park, and the Riverfront subdivision. A final Town Center West Design Guidelines and Investment Plan has been adopted and an Avon Urban Renewal Authority (AURA), consisting of Town Council members, has been created to oversee the redevelopment of the Town Center West. Once AURA was established, an official Urban Renewal Plan was adopted. This Plan designates the specific area of Town Center West in which Urban Renewal activities will occur. The Plan area is also a map of the area which the AURA will use to fund its public improvement projects through Tax Increment Financing (TIF). TIF is a unique mechanism that enables an urban renewal authority to use the new tax revenues generated by project within a designated urban renewal area to help finance future improvements. TIF is a new source of tax revenue, not an additional tax, that would not be available but for the new investment. Bonds will be issued in 2008 for initial Urban Renewal work, including the construction of the new Lake Street, which will run perpendicular to the Recreation Center and the Town's Municipal Building and connect directly with the west railroad crossing that was mentioned above. Town Hall Expansion Due to the increased need to house Town employees, the Town constructed an addition to the current municipal building. This addition is 1500 square feet and currently houses both the Engineering Department and the IT Department. viii Financial Highlights Total sales tax revenues through the month of November, 2007 are up 10.8% from the same period in 2006. Accommodations taxes are currently 3.9% ahead of 2006 revenues. Real estate transfer taxes through October, 2007 are $446,054 or approximately 15.7%, below last year levels. The Town's revised 2007 budget shows a current year General Fund deficit of $283,156 with a ending fund balance of $6,623,278. 2008 BUDGET HIGHLIGHTS The 2008 budget continues to maintain current levels of municipal services for the Town's citizens. The Town's economy continues to be strong as supported by solid growth in sales and accommodation taxes. The economic outlook for 2008 is very optimistic due to the anticipated opening of the Westin Hotel in the summer of 2008, as well as other potential development in the Town Center West area. With that the Town concentrated most of its efforts in the 2008 budget in addressing personnel issues, capital projects, its carbon footprint, and transportation services and funding. Personnel Recruiting and retaining employees continues to present a challenge for the Town because of market place competition for certain jobs and a relatively small labor pool. For 2008, staffing levels will increase by a total of nine (9) positions in order to help maintain current levels of service, reduce out -sourcing costs and re -class part-time positions to full-time where warranted.. These positions include: an electrician; a Police lieutenant, Police sergeant, and Police community service officer; a recreation coordinator; and three bus drivers. The 2008 budget includes a merit -based raise pool of 5% which is in line with market increases in other nearby jurisdictions. Capital Improvement Projects Public Works Facilities Improvement Program In August 2007, Council was presented with a description of the planned capital project to improve the Public Works Facilities which will result in replacement facilities for the Town's operational divisions of Public Works and Transportation utilizing all or portions of the Swift Gulch site and Tract 5 at the Village at Traer Creek to meet the Town's projected needs through and beyond 2025. The modular buildings and outdoor paved areas at Swift Gulch need to be replaced with larger, permanent, and more weather-proof facilities to address long-term space demands. The recommended infrastructure is needed for Avon's operations of transit, roads and bridges, building facilities, parks maintenance, mall maintenance, and fleet, as well as to provide expanded facilities for Eco Transit and Beaver Creek. The estimated construction cost of the project is about $25 million (2007 dollars), not including some additional facilities such as solar power or employee housing. Financing using Certificates of Participation or other debt service instruments will be likely in future years. The amount of the project cost to be born by the Town will depend on the timing of construction, the extent of financial ix support received from project partners (ECO Transit and Beaver Creek Metro), and the award of grant funds. In order to be eligible for FTA Facilities Grant monies, the Town will need to conduct thorough environmental analysis of the project. Environmental analysis and design will be initiated in 2008 and should be complete by end of 2009. Wildridge Parks and Trails Program Community input in 2007 led to the enhancements planned for parks and trails in the Wildridge neighborhood in 2008. An off -leash dog canine area in O'Neal Spur Park will be constructed during summer 2008. Trails and trailhead location concepts will be developed. Land purchase opportunities (e.g., parcels and easements) are also being sought in conjunction with this program. Additional community meetings will be held in 2008 to prioritize program components. Funds for land purchase and trail construction will be sought in 2008 to be programmed in 2009-2011. Nottingham Park Master Plan The Harry A. Nottingham Park Master Plan process will begin with a community survey to identify user needs and wants. Following the community survey will be a series of design charettes facilitated by our consultant team. The charette will be followed by the development of a preferred alternative that will incorporate park uses, activity, and possible programs. The final deliverable will be schematic design of the park improvements for access, circulation, parking, and park features. Climate Action Plan The Town of Avon wants to take all reasonable steps to "become part of the solution" rather than continue to contribute to the causes of global warming. However, implementing meaningful environmental stewardship initiatives will be difficult and expensive. Like other local governments, the Town is weighing the affordability of making long-term environmental commitments against the cost and non -economic benefits of continuing with the status quo. The Town will be taking steps in 2008 to implement the pragmatic recommendations from the Climate Action Plan in order to reduce our carbon footprint. Included in this effort will be an investment-grade energy audit of the Recreation Center, re -design of pending projects to be more energy efficient, development of solar pilot projects, quantifying performance our new hybrid diesel-electric bus, purchase of wind -generated power, and consideration of the Town's energy-related building codes. The Town Council is providing direction on these efforts and on environmental stewardship at the broad policy level. Transportation Services Transportation services provided by the Town are multi -modal in nature and include public roads for vehicular traffic, transit and para -transit service within the town's core area, gondola service to the mountain, and pedestrian and biking trails. Operations and maintenance of these transportation corridors is paid for by subsidies from the Town's x General Fund. In November 2008, the Town will offer residents the opportunity to vote on a measure to provide a dedicated and stable source of funding to enhance transportation services in Avon. To address an increasing deficiency in staffing, the Transit Division will be reclassifying three part-time driver positions into full-time positions in 2008 and will be seeking new avenues to recruiting. No other changes to operations or bus routes are anticipated for 2008. The Town continues to encourage Traer Creek Metro District to request and fund Avon Transit service extension to the commercial areas on Post Blvd., and the residential area of Buffalo Ridge, however such extension would require a 2008 budget amendment. In a related project, the Town will be preparing an updated Transportation Comprehensive Plan to provide a technical assessment of key metrics (e.g., traffic routing and congestion, road condition, level of service, parking, crosswalks, bus stop locations, signage, etc.) and then compare these metrics to the goals established in the Town's Comprehensive Plan. Financial Overview • As adopted by the Town Council on December 11, 2007, the Town's total appropriations for 2008 equal $44,423,815. Total estimated revenues for 2008 are $64,937,683, and estimated ending fund balances are $38,813,959. Revenues exceed expenditures in part due the issuance of bonds in 2008 by the Avon Urban Renewal Authority that will be expended over the next three years. • Taxes make up 62.26% of estimated operating revenues, with charges for services making up 23.85% and intergovernmental revenues 4.76%. Capital improvements and equipment replacement constitute the highest percentage of expenditures at 38.33%, with transportation and fleet maintenance expenditures at 15.77%, and public works and recreation making up 11.3% and 7.75%, respectively. • General Fund revenues are estimated at $15,276,433 in 2008, with taxes making up the majority ($9,574,072; 63.72%) of operating revenues. Sales tax collections represents 60.31% of total taxes, with general property taxes representing 21% and payments in -lieu -of sales tax 5.19%. • Appropriations for general fund operating expenditures for 2008 total $15,295,206. Expenditures for public works makes up the largest portion, equaling approximately 29.51% of general operating expenditures for 2008. Recreational expenditures make up an additional 21.58% of general operating expenditures and public safety 20.79%. • The fund balance of the General Fund is budgeted to decrease by $18,773, or 0.28%, in 2008 to an estimated ending balance of $6,604,505. The estimated ending fund balance represents 43.18% of 2008 general fund appropriations or Xi the equivalent of over 5 months of operations. The Town has felt it necessary to retain this level of fund balance because of its heavy reliance on sales tax revenues. The Town's position as a resort community also places a heavy reliance upon several other factors including weather, the national economy, and tourism in general. The Town's fund balance provides the resources necessary to be more adaptable to the short-term financial environment and limits the need for capital financing. It is also important to have the capacity to meet the operational impacts of redevelopment until the efforts can generate a stabilized income. • Capital improvements spending in the Capital Projects Fund will total $7,494,332 in 2008. Major projects include: $500,000 for the public works facilities improvement program design work, $600,000 for remodeling of the Avon Recreation Center for storage and office space, $1,250,000 for pedestrian improvements for the Wildridge traffic loop, and $300,000 for the Wildridge Parks program. Funds are also appropriated for various paving and road improvements, a master drainage plan, and a comprehensive transportation plan. In the Avon Urban Renewal Authority Capital Fund, bonds are planned to be issued in the amount of $25 million in 2008 to fund the construction of Lake Street in the amount of $4.5 million and for the design of Main Street in the amount of $800,000. The remaining bond proceeds will be used in 2009 and 2010 to complete the construction of Main Street and the design and construction of Benchmark Rd. The Town collects a 2% tax from all sales of real property within the Town that is dedicated for capital improvement projects. Real estate transfer tax collections totaled $3,039,518 in 2006 and are budgeted to increase to $8,548,204 due to the scheduled opening of the Westin Hotel in 2008. Real estate transfer taxes collected year-to-date through October, 2007 total $2,391,355. • Proposed debt service appropriations equal $3,265,241 for 2008. Revenues for payment of debt service come from property tax revenues, including tax increment, sales tax revenues and interest earnings. In addition, capitalized interest from the above-mentioned bond issuance of $25 million will pay interest on the tax increment bonds for the first three years. • Appropriations for the Transit Enterprise Fund total $3,200,622 in 2008. Of this amount, $1,541,000 is budgeted to be subsidized from the Town's General Fund. Charges for services from Beaver Creek for operating the parking lot routes to Beaver Creek Village total $1,376,272. Other revenues include FTA grants in the amount of $277,857 for the purchase of a new bus. xii • The Town's assessed valuation grew by 32% in 2007 to a total value of $226,501,610. The Town's mill rate for general operating purposes will remain at 8.956 mills, while the mill rate for debt service will decrease slightly from 4.331 to 3.315 mills. This decrease will allow property tax revenues in the debt service fund to remain approximately at the same level as the prior year. • Sales tax revenues for 2008 are budgeted to increase $381,174 from revised 2007 estimates, an increase of 6.5%. This increase also takes into account the payment in -lieu -of taxes discussed above. Preparation of this budget represents a significant effort on the part of .department directors and their staff. These are the people who make important decisions every day regarding their budgets and how they are managed. Their commitment to financial management and efficient and effective operation of their ,departments is the key to making the most of every taxpayer dollar spent. None of this effort would have been possible without the continuing support and direction of the Town Council. As representatives of the public interest of the Town of Avon, they have spent a considerable amount of time and energy in governing the process of preparing this document. Thank you to all who participated in this effort. Respectfully subpi e , ,J Larry oks Town anager Scott Wright Asst. Town Manager -Finance C) _ 'c Q C ro 00 CL E co a Q N u. U � Cco � Cco � � �^ U � C O Q C u cco TOWN OF AVON Financial Overview REVENUES Taxes Licenses and Permits Intergovernmental Charges for Services Fines and Forfeitures Investment Earnings Other Revenue Total Operating Revenues Other Sources Sales of Fixed Assets Bond Proceeds Transfers -In From Other Funds Capital Lease Proceeds TOTAL REVENUES EXPENDITURES General Government and Finance Community Development Public Safety Public Works, Engineering and Utilities Transportation and Fleet Maintenance Recreation and Culture Total Operating Expenditures Contingency Debt Service Capital Improvements and Equipment Replacement Other Uses Transfers -Out To Other Funds TOTAL EXPENDITURES NET SOURCE (USE) OF FUNDS FUND BALANCES, Beginning of Year FUND BALANCES, End of Year TOTAL - ALL FUNDS Original or Final 12,305,779 $ Prev. Amend. Revised Proposed Actual Budget Budget Budget 2006 2007 2007 2008 $ 12,395,422 $ 11,919,172 $ 12,305,779 $ 19,471,244 827,890 786,100 431,600 823,600 2,523,356 4,469,823 4,139,364 1,489,311 6,697,918 7,225,761 7,124,440 7,416,193 73,854 80,250 89,400 104,150 826,004 515,000 890,000 1,601,290 575,740 1,647,766 1,739,464 367,929 23,920,184 26,643,872 26,720,047 31,273,717 27,773 44,500 95,772 22,500 - - - 25,000,000 3,821,594 3,584,469 2,841,028 8,641,466 169,706 503,500 503,500 - 27,939,257 30,776,341 30,160,347 64,937,683 2,127,325 2,573,927 2,793,088 2,611,112 912,855 1,009,363 916,504 1,051,677 1,879,582 2,219,846 2,178,942 2,671,210 2,819,022 3,836,048 3,735,139 4,041,310 4,068,923 5,738,953 5,608,978 5,640,048 2,170,423 2,612,185 2,528,830 2,772,757 13,978,130 17,990,322 17,761,481 18,788,114 - 20,000 - 20,000 1,836,551 1,833,689 1,835,189 3,265,241 4,447,426 11,049,426 10,258,685 13,708,994 3,821,594 3,584,469 2,841,028 8,641,466 24,083,701 34,477,906 32,696,383 44,423,815 3,855,556 (3,701,565) (2,536,036) 20,513,868 16,980,571 19,509,168 20,836,127 18,300,091 $ 20,836,127 $ 15,807,603 $ 18,300,091 $ 38,813,959 Section I, Page 1 TOWN OF AVON Financial Overview REVENUE Taxes $ 9,574,072 $ - $ 126,370 $ - $ - $ - $ - Licenses and Permits 823,600 - - - - - - Intergovernmental 1,001,454 - - - - - - Charges for Services 2,772,596 - - - 359,000 - - Fines and Forfeitures 104,150 - - - - - - Investment Earnings 500,000 - 786,290 - 40,000 - - Other Revenue 249,500 49,429 - 60,000 - - - Total Operating Revenues Other Sources Sales of Fixed Assets Bond Proceeds Transfers -In From Other Funds Capital Lease Proceeds TOTAL REVENUES EXPENDITURES General Government, Housing and Finance Community Development Police Public Works, Engineering and Utilities Transportation and Fleet Maintenance Recreation and Culture Total Operating Expenditures Contingency Debt Service Capital Expenditures Other Uses Transfers -Out To Other Funds TOTAL EXPENDITURES NET SOURCE (USE) OF FUNDS FUND BALANCES, Beginning of Year FUND BALANCES, End of Year 15,025,372 49,429 912,660 60,000 399,000 - - 1,500 - - - - - - - - 25,000,000 - - - - 249,561 15,000 4,785,000 - - - 72,917 15,276,433 64,429 30,697,660 60,000 399,000 - 72,917 2,560,712 - TOTAL - BY FUND - - - - 1,051,677 Special Revenue Funds Mall Urban Community Affordable Facilities General Maintenance Renewal Enhancement Water Housing Reserve Fund Fund Fund Fund Fund Fund Fund REVENUE Taxes $ 9,574,072 $ - $ 126,370 $ - $ - $ - $ - Licenses and Permits 823,600 - - - - - - Intergovernmental 1,001,454 - - - - - - Charges for Services 2,772,596 - - - 359,000 - - Fines and Forfeitures 104,150 - - - - - - Investment Earnings 500,000 - 786,290 - 40,000 - - Other Revenue 249,500 49,429 - 60,000 - - - Total Operating Revenues Other Sources Sales of Fixed Assets Bond Proceeds Transfers -In From Other Funds Capital Lease Proceeds TOTAL REVENUES EXPENDITURES General Government, Housing and Finance Community Development Police Public Works, Engineering and Utilities Transportation and Fleet Maintenance Recreation and Culture Total Operating Expenditures Contingency Debt Service Capital Expenditures Other Uses Transfers -Out To Other Funds TOTAL EXPENDITURES NET SOURCE (USE) OF FUNDS FUND BALANCES, Beginning of Year FUND BALANCES, End of Year 15,025,372 49,429 912,660 60,000 399,000 - - 1,500 - - - - - - - - 25,000,000 - - - - 249,561 15,000 4,785,000 - - - 72,917 15,276,433 64,429 30,697,660 60,000 399,000 - 72,917 2,560,712 - 50,400 - - - - 1,051,677 - - - - - - 2,671,210 - - - - - - 3,791,945 96,810 - 60,000 92,555 - - 2,772,757 - - - - - - 12,848,301 96,810 50,400 60,000 92,555 - - 20,000 - - - - - - - - 1,372,260 - - - - - - 5,828,000 - - - - 2,426,905 - 4,735,000 - 1,230,000 - - 15,295,206 96,810 11,985,660 60,000 1,322,555 - - (18,773) (32,381) 18,712,000 - (923,555) - 72,917 6,623,278 58,517 21,403 331,442 1,647,168 751,000 400,917 $ 6,604,505 $ 26,136 $ 18,733,403 $ 331,442 $ 723,613 $ 751,000 $ 473,834 Section I, Page 2 TOWN OF AVON Financial Overview - - - 6,000 - 15,000 22,500 - - - - - - 25,000,000 587,988 - 1,230,000 1,541,000 160,000 - 8,641,466 1,348,980 486,606 10,247,204 3,201,129 2,446,834 636,491 64,937,683 - 2,611,112 13.90% - 1,051,677 5.60% 2,671,210 14.22% - - - 4,041,310 21.51% - 3,200,622 2,439,426 - 5,640,048 30.02% TOTAL - BY FUND 14.76% 100.00% - - - 3,200,622 2,439,426 - 18,788,114 Internal Debt Service Funds Capital Enterprise Funds Service Percent Bond AMD Projects Transit Fleet Equipment of Redemption Fund Fund Fund Maintenance Replacement Total Total $ 735,992 $ 486,606 $ 8,548,204 $ - $ - $ - $ 19,471,244 62.26% - - - - - - 823,600 2.63% - - 210,000 277,857 - - 1,489,311 4.76% - - - 1,376,272 2,286,834 621,491 7,416,193 23.71% - - - - - - 104,150 0.33% 25,000 - 250,000 - - - 1,601,290 5.12% - - 9,000 - - - 367,929 1.18% 760,992 486,606 9,017,204 1,654,129 2,286,834 621,491 31,273,717 L 100.00% - - - 6,000 - 15,000 22,500 - - - - - - 25,000,000 587,988 - 1,230,000 1,541,000 160,000 - 8,641,466 1,348,980 486,606 10,247,204 3,201,129 2,446,834 636,491 64,937,683 - 2,611,112 13.90% - 1,051,677 5.60% 2,671,210 14.22% - - - 4,041,310 21.51% - 3,200,622 2,439,426 - 5,640,048 30.02% - - - - - - 2,772,757 14.76% 100.00% - - - 3,200,622 2,439,426 - 18,788,114 - - - - - 20,000 1,348,980 486,606 - - 57,395 3,265,241 - - 7,244,771 636,223 13,708,994 - - 249,561 - - - 8,641,466 1,348,980 486,606 7,494,332 3,200,622 2,439,426 693,618 44,423,815 - 2,752,872 507 7,408 (57,127) 20,513,868 639,941 48,121 5,292,355 204,335 597,088 1,684,526 18,300,091 $ 639,941 $ 48,121 $ 8,045,227 $ 204,842 $ 604,496 $ 1,627,399 $ 38,813,959 Section I, Page 3 Special Revenue Funds 48.86% TOWN OF AVON Financial Overview FUND BALANCES 2008 Fund Balances General Fund By Fund 17.020,o Special Revenue Funds 17.54% Enterprise Fund 4.38% Equipment Replacement 9.21% 2007 Fund Balances By Fund Capital Projects Fund 23.380o Bond Reserves 1.770o Equipment Replacement 4.19% t3ona xeserves Capital Projects Fund 3.76% 28.92% :neral Fund 36.190'o Section I, Page 4 Original or Final Prev. Amend. Revised Proposed Actual Budget Budget Budget 2006 2007 2007 2008 Fund Balances General Fund $ 6,906,434 $ 5,510,715 $ 6,623,278 $ 6,604,505 Capital Projects Fund 7,731,519 4,693,200 5,292,355 8,045,227 Bond Reserves 692,081 670,136 688,062 688,062 Equipment Replacement 1,619,765 1,544,036 1,684,526 1,627,399 Enterprise Funds 861,582 853,105 801,423 809,338 Special Revenue Funds 3,024,746 2,536,411 3,210,447 21,039,428 Total $ 20,836,127 $ 15,807,603 $ 18,300,091 $ 38,813,959 Section I, Page 4 Charges for Services 23.85% TOWN OF AVON Financial Overview 2008 TOTAL OPERATING REVENUES By Major Source Investment Earnings 5.12% Licenses, Fines, Other 4.14% Intergovernmental 4.76% Investment Earnings 3.33% Charges for Services 26.66% Taxes 62.26% 2007 TOTAL OPERATING REVENUES By Major Source Licenses, Fines, Other 8.46% Intergovernmental 15.49% Section I, Page A-1 Taxes 46.05% TOWN OF AVON Financial Overview REVENUES The Town of Avon anticipates collecting approximately $19,365,841, or sixty-two percent (62%) of its operating revenues, through an assortment of taxes in 2008. The chart and table below depicts the amount and type of taxes projected for 2008. Accomodations Tax 2.93% Payments In -Lieu -Of Utility Tax Sales Tax 0.70% 2 r,701- Sales ,7oi Sales Tax 30.00% 2008 TAXES By Type Franchise Fees 1.99% General Property Tax 16.71% Specific Ownership Tax 0.90% Real Estate Transfer Tax 44.19% The Town's sales tax rate is 4.0%. The sales tax is deposited into the General Fund to partially finance the operating costs associated with providing general governmental type services to the community. The Town also has a 2.0% real estate transfer tax. The tax is charged on all sales of real estate within the Town. Proceeds from this tax are deposited into the Town's Capital Projects Fund and help pay for major capital improvement projects. Section I, Page A-2 Original or Final Prev. Amend. Revised Proposed Actual Budget Budget Budget 2006 2007 2007 2008 TAXES General Property Tax $ 2,765,362 $ 2,751,930 $ 2,751,111 $ 3,233,225 Specific Ownership Tax 179,560 175,000 175,000 175,000 Real Estate Transfer Tax 3,039,518 2,150,000 2,500,000 8,548,204 Sales Tax 5,045,595 5,376,885 5,441,159 5,803,928 Payments In -Lieu -Of Sales Tax 438,865 477,527 478,612 497,017 Utility Tax 129,537 140,000 130,000 135,000 Accomodations Tax 435,206 432,830 454,897 567,500 Franchise Fees 361,779 415,000 375,000 385,000 Total Taxes $ 12,395,422 $ 11,919,172 $ 12,305,779 $19,344,874 The Town's sales tax rate is 4.0%. The sales tax is deposited into the General Fund to partially finance the operating costs associated with providing general governmental type services to the community. The Town also has a 2.0% real estate transfer tax. The tax is charged on all sales of real estate within the Town. Proceeds from this tax are deposited into the Town's Capital Projects Fund and help pay for major capital improvement projects. Section I, Page A-2 TOWN OF AVON Financial Overview Revenues Property Tax For 2008, the Towns' property tax rate for the General Fund will remain at 8.956 mills. The property tax rate for general bond redemption is anticipated to decrease from 4.331 to 3.315 mills due to the increase in the Town's assessed valuation. The property tax rate for the Avon Metropolitan District Fund bonds is anticipated to be 2.594 mills, an decrease of 0.687 mills. Total property tax revenues for the Town are budgeted at $3,233,225 or 16.71 % of total tax revenues. The two charts below show the Town's historical property tax levies and assessed valuations for the past ten years. $250,000,000 $200,000,000 I $150,000,000 $100,000,000 $50,000,000 $- G 1999 2000 Historical Assessed Values 2001 2002 2003 2004 2005 2006 Year Property Tax Levy $3,500,000 $3,000,000 $2,500,000 $2,000,000 ; $1,500,000 $1,000,000 $500,000 i 2007 2008 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Year Section I, Page A-3 TOWN OF AVON Financial Overview 2008 TOTAL EXPENDITURES By Major Function Capital Improvements General Government and Finance Community Development and Equipment 2.94% Replacement 7.30% 38.33% Publi c Safety 0 Debt Service 9.13% Capital Improvements and Equipment Replacement 34.: Recreation and Culture 7.75% 2007 TOTAL EXPENDITURES By Major Function General Government and Finance 9.36% Works, and Utilities 30% Transportation and Fleet Maintenance 15.77% Community Development 3.07% Debt Service 6.15% Recreation and Culture Transportation and Fleet 8.47% Maintenance 18.79% Section I, Page B-1 rfety 6 Works, and Utilities 51% TOWN OF AVON Financial Overview EXPENDITURES 2008 TOTAL EXPENDITURES By Fund Type Transit Fund Fleet Maintenance Fund Equipment Replacement 7.20% 5.49% Fund 1.56% Capital Project, 16.87% Debt Service Funds 4.13% Special Revenue Funds 30.31% eral Fund 14.43% Total 19,812,756 27,872,598 26,205,221 38,090,149 Proprietary Fund Types: Transit Fund 2,035,141 3,564,848 3,304,147 3,200,622 Fleet Maintenance Fund 2,033,782 2,174,105 2,304,831 2,439,426 Equipment Replacement Fund 202,022 866,355 882,184 693,618 Total 4,270,945 6,605,308 6,491,162 6,333,666 TOTAL EXPENDITURES $ 24,083,701 $ 34,477,906 $ 32,696,383 $ 44,423,815 Section I, Page B-2 Original or Final Prev. Amend. Revised Proposed Actual Budget Budget Budget 2006 2007 2007 2008 EXPENDITURES Governmental Funds: General Fund $ 12,462,765 $ 14,025,735 $ 13,814,577 $ 15,295,206 Special Revenue Funds 342,036 1,630,103 978,954 13,465,025 Debt Service Funds 1,836,551 1,833,689 1,835,189 1,835,586 Capital Projects Fund 5,171,404 10,383,071 9,576,501 7,494,332 Total 19,812,756 27,872,598 26,205,221 38,090,149 Proprietary Fund Types: Transit Fund 2,035,141 3,564,848 3,304,147 3,200,622 Fleet Maintenance Fund 2,033,782 2,174,105 2,304,831 2,439,426 Equipment Replacement Fund 202,022 866,355 882,184 693,618 Total 4,270,945 6,605,308 6,491,162 6,333,666 TOTAL EXPENDITURES $ 24,083,701 $ 34,477,906 $ 32,696,383 $ 44,423,815 Section I, Page B-2 Other Operating Costs 18.04% Contracted Services 9.83% TOWN OF AVON Financial Overview EXPENDITURES 2008 TOTAL OPERATING EXPENDITURES By Category Debt Service Capital Outlay 3.06% p3.42% Commodities 11.01% 2007 TOTAL OPERATING EXPENDITURES By Category Capital Outlay Debt Service 7.99% 3.17% Other Operating Costs 16.79% Contracted Services 9.13% OPERATING EXPENDITURES Personnel Commodities Contracted Services Other Operating Costs Debt Service Capital Outlay Total Operating Expenditures Commodities 11.44% Original or Prev. Amend. Actual Budget 2006 2007 Personnel 54.64% Personnel 51.47% Final Revised Proposed Budget Budget 2007 2008 $ 7,834,166 $ 9,245,257 $ 9,141,765 $ 10,265,831 1,556,321 1,938,992 2,032,766 2,068,634 1,356,470 1,748,453 1,621,610 1,846,836 2,428,658 2,674,629 2,982,677 3,389,844 526,413 524,022 562,830 574,183 276,102 1,858,969 1,419,833 642,786 $ 13,978,130 $ 17,990,322 $ 17,761,481 $ 18,788,114 Section I, Page B-3 Insuran 17.67°/ Overtime & Other Misc. Wages 2.98% Insurance 16.97% TOWN OF AVON Financial Overview EXPENDITURES 2008 PERSONNEL EXPENDITURES Taxes Retirement Other Benefits 1.04% 6.97% 0.94% r i o tmpioyees 11.09% Overtime & Other Misc. Wages 3.13% 2007 PERSONNEL EXPENDITURES Taxes Retirement Other Benefits 1.09% 6.95% 1.02% PTS Employees 12.28% PERSONNEL COSTS Salaries and Wages: Full-time Employees PTS Employees Overtime & Other Misc. Wages Benefits: Insurance Taxes Retirement Other Benefits Actual 2006 $ 4,428,860 1,070,749 298,914 Original or Prev. Amend Budget 2007 $ 5,421,282 1,151,646 288,036 Full-time Employees 59.33% Full-time Employees 58.56% Final Revised Proposed Budget Budget 2007 2008 $ 5,353,045 $ 6,090,574 1,122,917 1,138,058 285,793 305,455 1,358,850 1,548,644 1,551,728 1,813,990 77,567 100,752 99,892 106,270 526,189 642,035 635,532 715,020 73,037 92,862 92,858 96,464 Total Personnel Costs $ 7,834,166 $ 9,245,257 $ 9,141,765 $ 10,265,831 Section I, Page B-4 TOWN OF AVON Debt Service DEBT SERVICE Total Debt Service (Existing) - 2008 Fiscal Agent and Treasurer Fees Certificates of 1.69% Participation 24.86% Revenue Bonds 21.03% Amount eneral Obligation Bonds 52.42% Section I, Page B-5 Outstanding 2008 Debt Service 12/312007 Principal Interest Total General Obligation Bonds $ 5,461,798 $ 970,000 $ 209,483 $ 1,179,483 Revenue Bonds 2,770,000 350,000 123,165 473,165 Certificates of Participation 4,665,000 330,000 229,293 559,293 Fiscal Agent and Treasurer Fees N A NA N: A 38,115 Total $ 12,896,798 $ 1,650,000 $ 561,941 $ 2,250,056 Section I, Page B-5 Interest 1.11% TOWN OF AVON Debt Service DEBT SERVICE Debt Service (Existing) Revenue Sources - 2008 Fleet Maintenance 18.64% Sales Taxes 27.83% Property Taxes Sales Taxes Interest Fleet Maintenance Total Revenue Sources Section I, Page B-6 Property Taxes 52.42% Amount $ 1,179,483 626,103 25,000 419,470 $ 2,250,056 1 Non -Voter Approved Debt 25.29°0 Non -Voter Approved Debt 36.17°0 Voter Approved Debt Non -Voter Approved Debt Total TOWN OF AVON Debt Service Voter vs. Non -Voter Debt Service Costs - 2008 Voter vs. Non -Voter Bonds Outstanding - 2008 Voter Approved Debt 74.71Qb Voter Approved Debt 63.83% Amount Outstanding 2008 Debt Service 12'31:'2007 Principal Interest Total $ 8,231,798 $ 1,320,000 $ 332,648 $ 1,652,648 4,665,000 330,000 229,293 559,293 $ 12,896,798 $ 1,650,000 $ 561,941 $ 2,211,941 Section I, Page B-7 REVENUES Taxes Intergovernmental Investment Earnings Other Revenue Total Operating Revenues Other Sources: Transfer In from Other Funds TOTAL REVENUES EXPENDITURES Capital Improvements: Facilities Land and Land Improvements Roads and Streets Recreation Water Fund Projects Strategic Planning Other Rebates and Capital Contributions Total Capital Improvements MUNICIPAL SERVICES Capital Projects Fund #41 Fund Summary Original or Final $ 2,500,000 Prev. Amend. Revised Proposed Actual Budget Budget Budget 2006 2007 2007 2008 $ 3,039,518 $ 2,150,000 $ 2,500,000 $ 8,548,204 1,617,880 2,526,778 2,526,778 210,000 295,164 85,974 250,000 250,000 230,387 1,309,000 1,374,000 9,000 5,182,949 6,071,752 6,650,778 9,017,204 262,178 1,273,000 486,559 1,230,000 5,445,127 7,344,752 7,137,337 10,247,204 612,486 3,538,842 3,673,842 1,450,000 49,313 - - 300,000 1,187,159 4,525,797 4,530,797 2,277,000 741,051 430,774 242,774 95,000 33,441 1,266,559 486,559 1,230,000 310,345 375,019 314,819 400,000 9,312 46,080 46,080 25,000 1,302,297 - 81,630 1,467,771 4,245,404 10,183,071 9,376,501 7,244,771 Other Uses Operating Transfer -Out - General Fund 80,000 200,000 200,000 249,561 Operating Transfer -Out - Affordable Housing 846,000 - - Total Other Uses 926,000 200,000 200,000 249,561 TOTAL EXPENDITURES 5,171,404 10,383,071 9,576,501 7,494,332 NET SOURCE (USE) OF FUNDS 273,723 (3,038,319) (2,439,164) 2,752,872 FUND BALANCE, Beginning of Year 7,457,796 7,731,519 7,731,519 5,292,355 FUND BALANCE, End of Year $ 7,731,519 $ 4,693,200 $ 5,292,355 $ 8,045,227 Section I, Page C-1 MUNICIPAL SERVICES Capital Projects Fund #41 Revenue Detail Original or Final Prev. Amend. Revised Proposed Account Actual Budget Budget Budget Number Description 2006 2007 2007 2008 Section I, Page C-2 Taxes: 51401 Real Estate Transfer Tax $ 3,039,518 $ 2,150,000 $ 2,500,000 $ 8,548,204 51000 Total Taxes 3,039,518 2,150,000 2,500,000 8,548,204 Intergovernmental: Federal Grants: 53199 CDOT Enhancement Funds Grant - 171,290 171,290 - 53199 FTA/CDOT Transportation Center Grant - 2,130,488 2,130,488 - State Grants: 53299 Colorado Historical Society 5,880 - - - Local Government/Other Agency: 53401 Eagle County Transportation Center Grant 400,000 - - - 53401 ECO Trails Grant 6,000 - - - Traer Creek Metro District: 53401 Roundabout Reimbursement 200,000 200,000 200,000 200,000 53401 Nottingham-Puder Ditch Cost Sharing - - - 10,000 Confluence Metro District: 53401 Affordable Housing Contribution 846,000 - - 53401 Fire Station Remodel Contribution 160,000 - - - 53401 Eaglebend Housing Authority - 25,000 25,000 - 53000 Total Intergovernmental 1,617,880 2,526,778 2,526,778 210,000 Investment Earnings: 57101 Interest Earnings 295,164 85,974 250,000 250,000 Other Revenues: 58104 Fireplace Fees 6,000 9,000 9,000 9,000 Developer Reimbursements: 58211 Confluence - East West Partners 162,882 - 16,000 - 58211 The Gates at Beaver Creek 3,190 - 25,000 58211 Sheraton Mountain Vista - 2005 Application 7,058 - - - 58211 Orion Development - - 5,000 - 58211 Sheraton Mountain Vista - 2007 Application - - 5,000 - 58211 Cottonwood PUD - - 7,000 - 58211 Folsom Property PUD - - 7,000 - 58211 Eagle River Enhancement Project - E/ W Partners 50,000 - - - 58999 Sheraton Mountain Vista RETT Rebate - 1,300,000 1,300,000 - 58999 Miscellaneous Nonclassified Revenues 1,257 - - - 58000 Total Other Revenues 230,387 1,309,000 1,374,000 9,000 Other Sources: 59201 Transfer In from Other Funds 262,178 1,273,000 486,559 1,230,000 50000 TOTAL REVENUES $ 5,445,127 $ 7,344,752 $ 7,137,337 $ 10,247,204 Section I, Page C-2 MUNICIPAL SERVICES Capital Projects Fund #41 Section I, Page C-3 Land and Land Improvements: CIP Projects Inventory Wildridge Park Improvements and Playground 29,313 - - - 21007 1-70 Entrace Sign Removal 20,000 - - - Original or Final - - - 300,000 Prev. Amend. Revised Proposed Account Actual Budget Budget Budget Number Description 2006 2007 2007 2008 1,268,878 1,268,878 - 31010 Lighting Study and Conversion 110,074 230,000 CAPITAL IMPROVEMENT PROJECTS 212,000 1-70 Noise Reduction Project - - Facilities: 20,000 Street Improvements: 11008 Municipal Building Expansion ( Modular Addition) $ 30,811 $ 469,189 $ 544,189 $ - 80,000 Village at Avon, Filing 1, Lot 5, Tap Fees - 46,377 46,377 - 1,007,876 Transportation Center: - 32010 Lake Street - Re -alignment Design - 14001 Land Acquisition 463,732 - - - 14001 Facility 117,943 3,023,276 3,023,276 - 845,543 Public Works: - E. Beaver Creek Blvd. Improvements - - Design - Facilities Improvement Program - - - 500,000 Recreation Center: 33006 2006 Paving/Road Improvements 343,760 - Design - Temporary Storage / Office Space - - 60,000 600,000 410,000 Design - Phase II Expansion - - - 350,000 Section I, Page C-3 Land and Land Improvements: 21005 Wildridge Park Improvements and Playground 29,313 - - - 21007 1-70 Entrace Sign Removal 20,000 - - - Wildridge Parks Program - - - 300,000 Roads and Streets: Streetscape: 31006 Eaglebend Dr. 28,538 1,268,878 1,268,878 - 31010 Lighting Study and Conversion 110,074 230,000 230,000 212,000 1-70 Noise Reduction Project - - - 20,000 Street Improvements: 32007 Town Center West Plan Implementation 171,428 80,000 80,000 - 32009 Railroad Crossings to Confluence 32,124 1,007,876 1,007,876 - 32010 Lake Street - Re -alignment Design - 328,500 328,500 - W. Beaver Cr. Blvd. At -grade RR Crossing Imp. - 65,000 65,000 - 35002 Roundabout #4 - Conversion to Full Roundabout 24,457 845,543 845,543 - E. Beaver Creek Blvd. Improvements - - - 300,000 Annual Street Improvements: 33006 2006 Paving/Road Improvements 343,760 - - - 33007 2007 Paving/Road Improvements - 410,000 255,000 - 33008 2008 Paving/Road Improvements - - - 375,000 Multi-Modal/Alternative Mobility: Wildridge Traffic Calming & Circulation Imp. 227,747 - - - Wildridge Loop Pedestrian Improvements - 290,000 445,000 1,250,000 34010 Swift Gulch Rd. Bikepath Extension from RA #1 249,031 - - - 34011 Wildridge Emergency Access - - - 25,000 34012 West Avon Trails and Access Enhancement - - 5,000 65,000 Wildridge Trails Program - - - 30,000 Recreation: 51002 Eagle River Enhancement Project 512,314 28,976 173,976 - 51003 Eagle River Recreation Access Expansion - 350,000 17,000 - 94006 RICD Water Rights Acquisition 228,737 51,798 51,798 95,000 Section I, Page C-3 MUNICIPAL SERVICES Capital Projects Fund #41 Section I, Page C-4 Strategic Planning: Development Analysis and Review: CIP ProjectsIn�ento 71004 Confluence / Westin Riverfront Resort 162,545 - 16,000 - 71005 The Gates at Beaver Creek 3,190 Original or Final - 71006 Sheraton Mountain Vista 2005 Application 7,057 Prev. Amend. Revised Proposed Account Orion Development Actual Budget Budget Budget Number Description 2006 2007 2007 2008 Cottonwood PUD - - 7,000 - CAPITAL IMPROVEMENT PROJECTS - - 7,000 - Water Fund Projects: 61004 Nottingham-Puder Ditch Restoration - 200,000 20,000 300,000 61005 W. Beaver Creek Blvd. / 1-70 to Railroad 33,441 321,559 41,559 310,000 61006 Metcalf Road Drainage - 285,000 285,000 50,000 94005 Water Rights Acquisition - 460,000 140,000 320,000 71007 Drainage Master Plan - - - 250,000 Section I, Page C-4 Strategic Planning: Development Analysis and Review: 71004 Confluence / Westin Riverfront Resort 162,545 - 16,000 - 71005 The Gates at Beaver Creek 3,190 - 25,000 - 71006 Sheraton Mountain Vista 2005 Application 7,057 - - - Orion Development - - 5,000 - Sheraton Mountain Vista 2007 Application - - 5,000 - Cottonwood PUD - - 7,000 - Folsom Property PUD - - 7,000 - Planning and Consulting: 79002 Comprehensive Plan 23,748 - - - 79006 2006 General Planning and Consulting 1,824 - - - 79007 2007 General Planning and Consulting - 50,000 50,000 - 79008 2008 General Planning and Consulting - - - 50,000 71007 East Avon Redevelopment (Master Plan) 93,481 86,519 104,519 - 79101 Nottingham Park Master Plan - 150,000 - 150,000 79104 Housing Needs Assessment 18,500 31,500 31,500 - Public Works Master Plan - 57,000 63,800 - Comprehensive Transportation Plan - - - 200,000 Other: 93005 Historic Preservation 9,312 25,000 25,000 25,000 93006 Historic Analysis Study - 21,080 21,080 - Developer Rebates and Capital Contributions Rebates: 92001 Sheraton Mountain Vista 84,658 - 81,630 - Capital Contributions: East West Partners 1,176,000 - - 1,387,000 95001 East West Partners - Interest 41,639 - - 80,771 Total Capital Improvement Projects $ 4,214,593 $ 10,183,071 $ 9,376,501 $ 7,244,771 Section I, Page C-4 Transfers and Other 1.52% Project Financing Revenues 27.92% MUNICIPAL SERVICES Capital Project Fund #41 Capital Expenditures by Category and by Revenue Source 2008-2012 Financing Plan Beginning Fund Balance 6.30% Intergovernmental 25.18% Real Estate Transfer Tax 37.61% Interest Earnings 1.49% 2008-2012 Capital Costs by Category Water Fund Projects 3.81% Strategic Planning Recreation &Other Developer Rebates 2.07% 0.85% 2.07% Roads and Streets 1 o nz% Facilities and Land Improvements 72.18% CAPITAL COST BY CATEGORY 2008 2009 2010 2011 2012 Total FINANCING SOURCES $ 2,277,000 $ 4,614,000 $ 5,354,000 $ 654,000 $ 588,926 $ 13,487,926 Real Estate Transfer Tax $ 8,548,204 $ 6,044,732 $ 6,743,139 $ 5,074,178 $ 5,195,315 $ 31,605,568 Interest Earnings 250,000 250,000 250,000 250,000 250,000 1,250,000 Intergovernmental 210,000 3,450,000 7,000,000 10,500,000 - 21,160,000 Project Financing Revenues - 87,500 23,375,000 - - 23,462,500 Transfers and Other 1,239,000 9,000 9,000 9,000 9,000 1,275,000 Beginning Fund Balance 5,292,355 - - - - 5,292,355 TOTAL $ 15,539,559 $ 9,841,232 $ 37,377,139 $ 15,833,178 $ 5,454,315 $ 84,045,423 CAPITAL COST BY CATEGORY Roads and Streets $ 2,277,000 $ 4,614,000 $ 5,354,000 $ 654,000 $ 588,926 $ 13,487,926 Facilities and Land Improvements 1,750,000 3,805,000 23,150,000 16,550,000 5,900,000 51,155,000 Developer Rebates 1,467,771 - - - - 1,467,771 Water Fund Projects 1,230,000 1,467,000 - - - 2,697,000 Strategic Planning 400,000 50,000 50,000 50,000 50,000 600,000 Recreation & Other 369,561 274,561 274,561 274,561 274,561 1,467,805 TOTAL $ 7,494,332 $ 10,210,561 $ 28,828,561 $ 17,528,561 $ 6,813,487 $ 70,875,502 Section I, Page C-5 Z Q J CL Q W } Z Lh 00 Q � LL LL O to) Z I-- 3: w O O a J Q H IL Q V N � b p N N L ER co O n 0 p O N N LCj d 619, U CD O d CD O O O IV LO p n N N Cp 613, N O C4) 0 0 (:::t N N CO V) CD O 4) N O 0 co co 0 N dOf OLO N O m N CO O O 0 Lo 00 r m d E O LO N O N cs W o0 n o ui d C) Co U m N N 64 Co � r CDLO O Cl) CD QO O Cl N C) EA a U d CA CL ts0 N U) CD) c C, O CO O O L M lC _ O C) d o a E m e E Co r t N O c M a o c C7 C7 `m 2 c E Q O m y �? 9 r c aU' c >> a m a m v rn a c c 1 c O td c C) �i C7 U o c o L U 9 d > Z 9~ m 0 0 °) w o ,� O m rn 4) Q v Z cli C4) O A 7 iCt D O C C C C CO •V y G O O Z co N Q E E N n c M LL O z LL d t` _N LLJ CD) N O > u� :: p w c c Q E F- C C •� 7 7 C C a s m p m p i CO O> O c H a2 O O w O r 7 WN ` O LL ` Co W 0> 4) U cc dON O U 3yyo ` C- O O 0 0 2 a m mW w o m o U o oU .2 O OW am �drnco 4) LU W Q m W ) (M d m L U Co n Co o O 0 O n oiU W A tV0` X N N O co �O H r N N p p p p i N i O O O O O O O I M N O r cam 0o M o , O cc O O O O N O O O O O O n C) M C07 N O N N O) r M co 0 0 a 0" 0 °n° LO LO N V O O O O O n uQ O M O N O coO O LO coDcoO to N M CO v a N - Cp a co O O a a ' ' O N O O N O O O n O O 0 0 O of N o m m N M O N N N CO r ' O o O O O a O O O ' n O ' O Co O COD O O O O O 12 C N o r r a N N N O a U d CA CL ts0 N U) CD) c O CO L lC _ O d o a E m e E Co r t N rn c M a o c C7 C7 `m 2 c E Q E v v m o m y �? 9 r c aU' c >> a m a m v rn a c c 1 c td � a �i C7 U o c o L U 9 d > Z 9~ m w o ,� O m rn 4) Q v Z A 7 iCt D C N w C C C C Cxp •V y G O O Z co N Q E E N c LL O z LL d t` _N LLJ CD) N O > :: w c c Q E F- C C •� 7 7 C C a s m m CO 9 m C w c c H a2 E > 0 )J m y E E c w 2 7 WN ` O LL ` Co W 0> 4) U cc dON U 3yyo ` C- m U ' 0 2 a mW w o m o U o oU .2 OW am �drnco 4) LU W Q m W ) (M d m L M c` c> d LLI LL oiU W A tV0` X O co �O H a U d CA CL ts0 N U) n U O . CO ' ' O O CD n N M o o ornI c L v orn C N M O - O O CO LO N CA O CD O a N N O N M O CO N O CO CO r V M 6% c Cg U Ii m LL m O' O'' O O O u LO Ilico a O m LO LON Wv m '2 CA to LO N 0) N N p O CO N N Lq CO N Lq N CO n w m n r CO O e G N U � O O m C O � m N O o f co 3 w w ? a LU o m a m CC) W 9 v o C C 0 C Lq d � v O 3 r- m c 0 E , E co co a x p _O O O N Cl) O a N W n O CO N N N M O OD co co n CO N N N CL a CVO W O ID m 3 O V! a� L m m 66 rL a� Z 4H W ()" J O O OOOO 10- 0 0 0 F LL LL CO NO N 0) O O O O O O O O O M N OD O0 r- CD LOO 0 CY) LO Q CD O N CO CD r Lq M CO O N Nv O CO N M r W CO co r Z tR 4H J0 0 0 0 0 0 0 N N O n O O O O O O O n n CD M n O N a O O O O O O O n n O M W M N N tmq m OD LL O O O CO O h O O C7 CO Ih O O n CA M O N CO a CA a a CA N CV t0 0) CO Q On m N M N C a a N n N a n N O W d N r n N O O } fH EA 1 O N ' n v CA CA O O CA n O OD M0 O O O CA CO O O 0 1 v Z R y ao n n O ao O Ca O o O Cl n O Cl) O N CO a CD n M IV OD a0 CO n O O CO n CA M M N CA Q= E O CD LO N M M N to n N M Oi O> N n t0 OLL ua W N n v 0 0 0 � n n L 0 0 O O O � CA M O N D C y O O O W O O O n co O CO LO CO M N M CD n a C7 co O M co CO M M ri O OO O a N M N M O n CO aU m N M � O O v n .0 u' Q COM Cn O N n W O� CA a O O o O O N M m N CA rn � 'I M O a C`9 C) N a O O a n n O _ IL CO CO N CA n M O CA N O O CD Cl) I-- = 0It co M O a OD 7 n O V O CO n M M N coW N a n U Q N r O n n fH 6% n U 'O c L N C LL O - Of C j O N C c U Ii m LL m m O m m '2 CA to } CL O m 9 w E V C7 Q LL w m O e G N O O m C O E N v) E y o f co 3 w w ? Co W LU o m a m 9 'r- m 9 v v v H Q J C c C 0- d m fa H H m 3 C C m c 0 E , E o .� LL 'rn o a x m � c c x CO) m is m m W m y W '� W m m :� - v im N d L ` CL a CVO W O ID m 3 O N a� L m m 66 rL a� Z C C W ()" J 10- 0 0 0 F LL LL n U i i p i p N O N Q? C M cl) o n N 4'1 i i CD i CD Ct O NLO N D m d O O N Ncm d! CD 01 O O O O O O O O N N O Cl) d! ' O N y' O C O O O O O Z 'D O O N � O MLO <O N Q O m N to N M co N J CL IL 01r- c0 O 00 O ow O O M O con O b' v� n0 n0 On00vo O O W w C M N O W O O W L O O O O O .-. m mno vco rio coo on couljLOLO ui W) }�A N Np N N <O c0 M 00 O N co It L +j N O M 00 v La V W } M Z O O O O n <p CL con n no Onpoao O Q Z - M N 00 O O W O C O O O p n of <o m co 0 o r 00 LO LO o 0 LL W U m N CD v O co N co O N b W v N ` _ M `Z z.2 SN M M O co v co v n O n' M y O M n N b b v c7 O V co n cl M O Iq C n n O N j 00 O Ch n O O co O N v M n Of W :a V p M C N N N M N M N N < cm¢ N w Z a ' v O' N N O J C N O 40 O co O O Q m } m Q O C it LO <O Z N a N d ¢ Q <s, V On LO coo CD CD 00 00000 0 nOOoo O n n N (D O O O O co O O (D O O v 0 0 0 0 ts O M n 0 Ct O O O O Lf) O L O O O n Ci C C 0 O b n0 0 O O co N O co W) 0 O r LO O CD W) n v M O CO b N Wn n n v N c0 n Q 0 N 01 n 00 N CL7 O O N CO r M N M O M co Z M N CO C-4 d m Cl) r M r EA C O O .CO-. 0 C 0 N m tT m O C> E .� O GLU 0� ci m N C40 O d p) C' N iqk C Cn cd E m N LL cJ E4)w = w 2 -y ltL w CL co o mLy a wwoQnc N W C 0 H o oCD g o� >£ v m E a aQ v S. N C f�0 > > Y C o > � j ii m e y £ aci 4Ni c V x c m y Oa, dic c o CD o x m > y ¢v 0m m`c ov E d j O N U C d> > O m C Q O~ W H 1+ •Va Of o d U mCLC E o 4)«G da W 0 ?>C ¢>w ?0 c �p O¢w- c m m CD10 C z p Tm 7 C m 12:2C m C LL 'v -1 LL m c cc m W (i LLL M U m 0) cc 0- r O .0 Q J a LU L Z lk •- OOa LL W lQ >_ Z Z r H V O V N ~ W 'p O o It Z a �- J H CL a v 0 o ui O O N N 0 00 O O O N co co O N O O O O O . . . . . . .O O , , 0 CD O y d OD O O O O O O O O d'0 p m 0 0 LO N � N p m N M C7 Cl) a coaGo ornoo00 0000 o 0 o0 00 I- u 0)0 0 0 0 0 0 0 0 0 0 0 0 o O m crnor oLnoo 00 0000 cc o0 M 0) r vi r .-" o .-" W) o co In LO ui n n o v M LO .-" E O M N V N V r N O O M co N N y N W >- CD 0) o IqoLqo 00 d O) �0C'�NONMNNNco 00 NCO M > > N U m M cn v N LO , i , , N V 00 0 N co Cn M 0 r N M CNM O n N W 00 O1 Q N LO N r m LO , , r 00 rn , , , C N CSD co co rl (O CSO i i , LO , CV m} m ,,j I- rn ¢Go QM 0 o Q z z N a X00 00 0 CD 00 O O O O O O N O O O 000 O U y C7 N r M N 000 O CO Q Q Q Q Q Q Q Q Goo N 10O In coMQ N ~ CL m f` M M 00 Z z Z Z Z Z Z Z r' r' r' Z ts t0 N O d 0 Q O O C ca o r a Q p o LU E x c n n n V o _ rn n CL �? w m N o $ m (D c o o c U N C M O Y N c-4 d C U Q. l�9 S t yC 0) c Z w Q a t c m> U w v�U E 2 to m W o o a o.6 rn o rn > > O 5 r c 2 m aNi a > t clLU M o - m 'Y a� 'Y N rn a > Q m fA 4)i 0) o adi�Q "eQ °° 0 a0a 00) L) >_ yav2 Z y a E m L A amici fo g aoi 2 'o p m c g aoi N T cg' w > o c d c E m C>> l9 e n d o m IL c 4? C y C 0 a l0 a L p fO Z 0 N C .I CiRik3 of >_� o Qd m op o 3 rnm d >m a' aQ Q a rn a 0) o C7 m c m 0 o c o nQ o v v d? o t c m 9 �? m d c al y o y= a, c c E v, o a o 0 a rn o U m o > o t r' r o o c a� o m o 0 0 vv m m— o d 0)0HU) co 1°C9UwzSat �' N w w 3 z 3 3 N o CL 0=_ U N t71 m d 0 ii N O O O O LO LO N N O O O LO N N 0 o ui O O N N 0 00 O O O N co co O N O O O O O . . . . . . .O O , , 0 CD O y d OD O O O O O O O O d'0 p m 0 0 LO N � N p m N M C7 Cl) a coaGo ornoo00 0000 o 0 o0 00 I- u 0)0 0 0 0 0 0 0 0 0 0 0 0 o O m crnor oLnoo 00 0000 cc o0 M 0) r vi r .-" o .-" W) o co In LO ui n n o v M LO .-" E O M N V N V r N O O M co N N y N W >- CD 0) o IqoLqo 00 d O) �0C'�NONMNNNco 00 NCO M > > N U m M cn v N LO , i , , N V 00 0 N co Cn M 0 r N M CNM O n N W 00 O1 Q N LO N r m LO , , r 00 rn , , , C N CSD co co rl (O CSO i i , LO , CV m} m ,,j I- rn ¢Go QM 0 o Q z z N a X00 00 0 CD 00 O O O O O O N O O O 000 O U y C7 N r M N 000 O CO Q Q Q Q Q Q Q Q Goo N 10O In coMQ N ~ CL m f` M M 00 Z z Z Z Z Z Z Z r' r' r' Z ts t0 N O d 0 Q O O C ca o r a Q p o LU E x c n n n V o _ rn n CL �? w m N o $ m (D c o o c U N C M O Y N c-4 d C U Q. l�9 S t yC 0) c Z w Q a t c m> U w v�U E 2 to m W o o a o.6 rn o rn > > O 5 r c 2 m aNi a > t clLU M o - m 'Y a� 'Y N rn a > Q m fA 4)i 0) o adi�Q "eQ °° 0 a0a 00) L) >_ yav2 Z y a E m L A amici fo g aoi 2 'o p m c g aoi N T cg' w > o c d c E m C>> l9 e n d o m IL c 4? C y C 0 a l0 a L p fO Z 0 N C .I CiRik3 of >_� o Qd m op o 3 rnm d >m a' aQ Q a rn a 0) o C7 m c m 0 o c o nQ o v v d? o t c m 9 �? m d c al y o y= a, c c E v, o a o 0 a rn o U m o > o t r' r o o c a� o m o 0 0 vv m m— o d 0)0HU) co 1°C9UwzSat �' N w w 3 z 3 3 N o CL 0=_ U N t71 m d 0 ii CA C O N N O Cl) N w co CO V o m LU C.) O '.9 CR o a a ' ' O O ~V z lar r O Wc Mn > r N Nm C f0 � n d d 2 O K a o ?'t'� U CL m o 69, c CL y c N V N m F OEL N N O � CL W ' O 00 o N n ' ' O O O O O N t0 ui v ' O r o n n Z m y p go o n n Q O O N coo a0D C? 0) a Q ami O m W n Co �. E N o n M Lp V W � CA OO C O O Q Z tvO r° LL W = U m N _O Z Go CD 0 v t/z 0W N CO �O v Clt n _ ¢ N r w Z CL ao n C'l Q f0 O 7 N O H O C 5EL Cc a. CN Q � V O O 0 � O O Cf M O N tT O CCO N ao O O Iq �O � CD d m N N u9 CA C O w 7 a w V o m LU C.) O '.9 d o a a c Cc IL ~V z lar r m Wc Mn > 00 00 Nm C f0 w C CC d 0 a� 2 O K a o ?'t'� CL m o R c CL y c O U c c V N m F OEL N N O m Q m d � W ~ U d CT d C O U d 4) U m rn CL C 0 16 U) r p r O O p N O O O O p' CD N Ci W U') Ld u9 yg C, O O O p O N N Cl In r CO 69 N O 0 0 CD 0 0 CL 0 0 000 o 0 o O �O O O N Of O O N lt) f0 O CO � DD N In In N M N 6 O O O O O O O O O O O O O O O O O O OOO O U)0O O N CO r% N Cl) C`7 co Cp r r � tH fy L O O O r O O O O O i d 0 O O O O O O O O ` CD 0 O N M 0 J C 0 O 0 7 04 LO Cl) Cl) In N O N CO L (L m � fA C uE �N - v w } O es % a = CD f" O L L r r r r r r r r J C N N } Co 7 O - C U ` NaQ V! v3 0 0 O O 0 O O O O O O 0 0 O 0 T Cl)0 lLO 0 coO O C`7 U CO CO CO N N N I� (L m LO Cl) M r CO N N f9 y9 E 2 O O ( N E U V C Y N d mc (L S w0 LL x c W +� mo co d o = = co c m o d w c 0= i a2i � c Cl. > E E S E CD'- CL E _ c _E 4)m � Qoa V N c Cl. 76 nrn O c v= c rn CL V Q w ~=o mC m i6 o cai LLcZ C ad rn c o a 0 v L� T Z 1- T r32 m a (LD �(L din 3o (L SU! 4) U m rn CL C 0 16 U) TOWN OF AVON 2008 CAPITAL PROJECTS FUND 5 -YEAR PLAN PROJECT DESCRIPTIONS August 9, 2007 FACILITIES: Avon Municipal Building: Description: This Project is a part of the proposed Town Center West (Main Street) Project and consists of constructing a new Town Hall as a part of the development along proposed Main Street. This will provide convenient facilities for the public and required for efficient municipal government services. This facility may be constructed as part of larger development by private developer and then conveyed to the Town. Status: The Proposed Schedule is directly connected to the projected development schedule for the Town Center West. Proposed schedule is based on completion of final design and construction documents in 2009 with construction in 2010. Proposed Budget: 2009 $ 605,000 2010 $ 10,500,000 Public Works and Transportation Facilities Improvements Description: This project involves construction of facilities at the Swift Gulch site and the Traer Creek Village site to provide replacement of existing degraded and undersized temporary portable facilities which have exceeded their useful life. Simultaneous design and staged construction on both property sites is necessary to address construction sequencing issues and the need for temporary facilities to insure maintenance of existing operations. This capital investment includes a transit bus barn with underground parking and storage, additional vehicle storage, heated and unheated storage areas for parts and equipment, automated wash bay, parks garage and shop, archive -document storage for several departments, parks greenhouse, IT repair shop, administration offices, training room, lockers, and yard areas for materials stockpile and snow melt storage. This investment will positively impact annual operating costs by reducing labor time for start-up of buses and other vehicles in winter, by reducing labor time currently spent manually washing buses and other vehicles, and by reducing vehicle maintenance needs and occupational hazards through provision of weather -sheltered vehicle storage. The project results in facilities that will allow the town to continue to operate and maintain the existing public infrastructure as well as the new facilities, parks, mall, and street frontage anticipated for the next 20-30 years as development progresses toward the vision defined by the Comprehensive Plan. It is worth mentioning that two of the Town's recent initiatives (reduce carbon footprint, LEED certification requirements) could have an impact on this project. For example, adding active solar power or including Section I, Page C-12 LEED silver -level certification on some or all the new buildings would be synergistic with these initiatives. Although there are grants and tax credits (e.g., Federal ITC, XCel Energy) which could cover as much as about one-half of the capital cost for energy-saving or energy -producing initiatives, additional funding from the town beyond that listed below would be needed to add these elements into the project scope. Status: Site master plan layout drawings and facility -needs inventory have already been prepared. Detailed design has not yet been initiated. The next step is to issue an RFP for design or design/build construction services. Budget: 2008 $2,200,000 (design) Note: Specific financial contributions 2009 $5,300,000 from project partners (e.g., those who 2010 $10,600,000 park vehicles on TOA property such as Vail ResortsBeaver Creek and ECO 2011 $5,300,000 Transit) should be confirmed. Recreation Center Storage and Office Facilities Description: Construct office and storage space for the recreation center. Currently, there is not enough office and storage space at the recreation center. The lack of space has resulted in the storing of materials in spaces that are not intended for storage such as the mechanical rooms. Budget 2007 $60,000 (design) 2008 $600,000 Recreation Center Phase II Description: Phase II Expansion of the Recreation Center Could Include Expanded Cardio -Weight Area, Additional Administration & Storage Space, Climbing Wall, Meeting Rooms and Gymnasium. Status: Relatively High Cost Project. Estimated cost is not based on specific project and actual costs may vary significantly as actual scope of project is defined in conjunction with Town Center West Development. A Phase II expansion plan should be revisited and prepared in 2008 so that it can be designed in 2009 and constructed in 2010 with the proposed parking garage. The original Phase II expansion plan was last written in 1996. Budget: 2008 $ 100,000 2009 $ 1,200,000 2010 $ 12,000,000 Section I, Page C-13 LAND AND LAND IMPROVEMENTS: Parks: Wildridge Park Program Description: This CIP item provides for creation of new and improvements to existing pocket parks in Wildridge. In the near-term, the program would include creation of an off -leash area for canine exercise in O'Neal Spur Park, including turf, fencing, water fountain and trees. Installation or replacement of playground equipment, irrigation, trees, etc. would be funded through this program. This budget could also be used when opportunities are available for land acquisition to acquire space for additional pocket parks or other public uses throughout the Wildridge neighborhood. Status: Conceptual design has been completed for O'Neal Park improvements and work would begin in spring 2008. Land purchase opportunities (e.g., parcels and easements) are currently being sought. Budget: 2008 $300,000 ($50 for O'Neal, + $250K for land) 2009 $300,000 ROADS AND STREETS: Streetscape: Lighting Conversion Description: This project includes a lighting study to evaluate existing lighting conditions, adoption of an ordinance to correct identified problems and design and reconstruction of existing Town lighting to bring into conformance with adopted lighting ordinance. Status: Light fixtures are being replaced to along Sun Road, Hurd Lane and East Beaver Creek Blvd. Town Center West and Town Center East redevelopment scenarios present challenges to scheduling light replacement, and will be monitored and perhaps a new street light design will be utilized in those areas. Budget: 2007 $ 231,000 2010 $ 204,000 2008 $ 231,000 2011 $ 204,000 2009 $ 204,000 2012 $ 204,000 Nottingham Road Improvements -1-70 to Buck Creek Road Description: Widen Nottingham Road to four lanes from roundabout No.1 to Buck Creek Road, construct roundabout at Nottingham Road/Buck Creek Road intersection and widen Nottingham Road to a three lane section from Buck Creek Road to east entrance at Sherwood Meadows, construct streetscape improvements including curb & gutter, sidewalks, streetscape lighting and landscaping along length of improvements Status: Final design is substantially complete and ready to develop easement and right-of-way descriptions for acquisition. Section I, Page C-14 Status: Project was discontinued following the February 8, 2005 Council Meeting. The Budget has been revised to reflect expenditures in 2004 and 2005 with termination of the project. The 5 -Year Plan has been revised to reactivate the project in 2009 and 2010. The 2009 funds will be required to verify design details, confirm easement descriptions, appraise and acquire easements and rights-of-way. The 2010 funds are based upon the most recent construction cost estimate. Staff recommends that this project be constructed when the Buck Creek PUD is developed. Budget: 2009 $ 350,000 2010 $ 3,500,000 1-70 Berm for Noise Reduction Description: Construct and landscape earthen berms along 1-70 rights-of-way to mitigate noise from the interstate. Extent and limits of this project have not been determined at this time but is expected to be located along portions of West Beaver Creek Blvd. Construction on CDOT right-of-way is anticipated and requires that the Town obtain special permits from CDOT. It is anticipated that the Town may construct this project with it's own forces over a period of time using fill materials as they become available (e.g., from excavation work associated with other capital projects). Note that CDOT is unlikely to contribute to funding of this project since CDOT has not initiated a project action (e.g., to widen 170) in this area. The cost estimate below is for design and permitting costs only; a construction cost estimate, construction schedule, and funding plan will be developed during final design. Status: The TOA Department of Transportation has initiated discussion with CDOT regarding this project and determined that this project is likely viable but requires additional engineering evaluation regarding width of right-of-way impacted, grades, acceptable fill materials, and drainage. The next step is to prepare preliminary engineered design drawings and submit permit application to CDOT. Budget: 2008 $ 20,000 2009 $ 625,000 Railroad Crossings to Confluence Description: Two at -grade railroad crossings are proposed between the Town Center West Area and Riverfront Subdivision. The easterly crossing connects Main Street through Benchmark Court and Transportation Center to the Pedestrian Plaza Area and Gondola in Riverfront Subdivision. This crossing is designed primarily as a pedestrian crossing with very limited vehicle access. The westerly crossing will connect Riverfront Lane with the Benchmark Road at a location between the existing Municipal Building and Fire Station. This crossing will be the primary vehicle connection between Riverfront and Town Center. This crossing will also provide a pedestrian/bicycle connection between the ECO System Trail along the Eagle River and Nottingham Park Trails and Town Center (Main Street) pedestrian areas. Status: These crossing have been approved by the PUC and construction plans have been delivered to the Union Pacific Railroad for review and Section I, Page C-15 approval. Ideally construction will start October 2007 and be completed by November 15, 2007. There is a potential that the project may extend into 208 depending on when the UPRR constructs the work on the RR tracks. Proposed Budget: 2007 $ 1,040,000 Lake Street aka Benchmark Realignment Design Description: This Project is a part of the proposed Town Center West (Main Street) Project and consists of reconstructing and relocating Benchmark Road from its intersection with West Beaver Creek Boulevard to the Railroad tracks. It will be located on the west side of the Recreation Center, will connect to the proposed Main Street and extend southward between the existing Municipal Building and Fire Station to the proposed westerly railroad crossing and Riverfront Lane. We believe this is the first project required for implementation of the Town Center West Improvement Plan. Status: Proposed Schedule includes is completion of final design and construction documents in 2007 with construction in 2008. Lake Street will be constructed with a different budget. Proposed Budget: 2007 $ 328,500 Annual Paving/Road Improvements: Description: Annual street resurfacing and pavement maintenance program. Generally consisting of asphalt overlays and related surface treatments such as curb/gutter (where applicable), guardrail adjustment, etc. Status: Projects will be determined annually based on various existing street conditions at the time, with a 10 -year pavement surface lifespan typically used as a `rule of thumb.' Proposed projects in 2008 include milling and overlay of Hurd Lane from Avon Road to Eaglebend Drive, as well as Sun Road, and Wildridge Loop Road East and West. Proposed projects in 2009 tentatively include a new asphalt surface at Chapel Place, and western portion of Swift Gulch Road. . Budget: 2007 $ 345,000 2009 $ 425,000 2008 $ 375,000 2010 $ 450,000 2009 $ 400,000 2011 $ 475,000 East Beaver Creek Blvd. Improvements Description: Streetscape Improvements Including Traffic Control Medians, Sidewalks, Pedestrian Areas and Bicycle Lanes from End of Existing 5 -Lane Section to Village at Avon Connection. The First Amendment to the Annexation and Development Agreement requires construction of these improvements commence no later than April 15, 2005 and be complete on or before December 31, 2005. This schedule was revised through a subsequent agreement with Traer Creek regarding municipal service fees to allow construction of these facilities to commence no later than April 15, 2009 and be complete on or before December 31, 2009. Budget: 2008 $ 300,000 2009 $ 3,000,000 Special Funds: Village at Avon (2008) $ 300,000 Village at Avon (2009) $ 3,000,000 Section I, Page C-16 Multi-Modal/Alternative Mobility: Wildridge Traffic Calming / Pedestrian Circulation Description: This project aims to improve the pedestrian experience in Wildridge by adding delineated "pedestrian/bike lanes" on select roadways, and also reducing vehicle speeds by measures such as narrowing the lane width. Old Trail Road was the first to receive this improvement in 2005, followed by Wildridge Road in 2006. Saddleridge Loop, and Beartrap Road are planned for 2007. Status: Wildridge Loop Road East and West are planned to be the next location for widening and installation of the pedestrian lane. After 2008, staff will review pedestrian paths between open space parcels, i.e. away from the roadways. Inviting additional pedestrian traffic to that stretch of road may result in safety issues. Budget: 2007 $290,000 2008 $1,250,000 West Avon Trails & Access Enhancement (Related Comprehensive Plan Policy A.3.3) Description: Work with USFS and Singletree Homeowners Association to develop an access and designated trail system on USFS Land located west of Metcalf Road and bounded by Singletree, 1-70 and Wildridge. This would generally include a small parking area/access point adjacent to Beaver Creek Point with designated trails to areas within forest service land and connecting to an existing trailhead in Singletree. These would be unpaved hiking and possible mountain bike trails only. It is anticipated that Avon would be established as a having a vested interest in potential USFS land trade negotiations on this parcel. Status: Meetings and public input sessions have been held with USFS personnel and Singletree representatives to review potential trail locations, concerns and process. Revegetating old motocross trails immediately west of the Nottingham Road cul-de-sac has been identified as a priority. Proposed Budget: 2008 $ 80,000 Proposed Revenues: Funding Partners (Singletree) 2006 $ 40,000 Wildridge - Emergency Access Description: Work with US forest Service and Singletree Homeowners Association to develop emergency access plan and route from Wildridge using existing trails from June Creek Trail through Singletree to 1-70. Status: Pending US Forest Service and Singletree Homeowners Association approval, actual construction should be relatively minor consisting some grading, gravel surfacing and possibly some removable barricades that could removed in event of emergency. Budget: 2008 $ 25,000 Section I, Page C-17 Wildridge Trails Program Description: This CIP item provides for creation of new and improvements to existing trails and trailheads in Wildridge. This budget could also be used when opportunities are available for purchase of easements and other lands to acquire space for parks, trailheads, parking, or other public needs throughout the Wildridge neighborhood. Status: Trails and trailhead location concepts are also under development. Land purchase opportunities (e.g., parcels and easements) are currently being sought. Budget: 2008 $30,000 (design, permitting) 2010 $600,000 2011 $600,000 Recreation Eagle River Whitewater Park, Expand Access & Viewing Area Descriptions: This Project consists of expanding the access and viewing area on the north bank of the Eagle River at the newly constructed Eagle River Recreation Enhancement Project (Whitewater Park) at Bob the Bridge. The proposed improvements will expand the spectator viewing area for special events as well making significant improvements the water features constructed in 2006. Status: We anticipate project design in early spring and summer with construction occurring in late summer and early fall. Proposed Budget: 2007 $ 350,000 2008 $ 50,000 RICD Water Rights Application Description: This project consists of filing an Application for Recreational in Channel Diversion water rights for the purpose of protecting in -stream flows for recreational uses associated with development of the Eagle River Whitewater park Project. Water rights will be very junior and will only apply during peak flows. The costs associated with this project include legal, engineering and expert witness fees in addition to the engineering, design and permit fees associated with the Whitewater Park Project. Status: Application requirements are largely dependent upon information and design details being developed in conjunction with the Whitewater Park Project. We anticipate beginning the application process following completion of the design details for the Whitewater Park Project. Proposed Budget: 2007 $ 278,000 2008 $ 95,000 Proposed Funding Source: Water Fund Section I, Page C-18 Water Fund Projects Nottingham-Puder Ditch Restoration Description: The headgate and the adjoining concrete lined section of Nottingham- Puder Ditch has deteriorated to the extent that ditch flow is significantly reduced. The concrete lined ditch section has partially collapsed and further deterioration could result in all flows being blocked. This ditch is a major source of water for Nottingham Lake, and therefore irrigation water for all public landscaping, and thus it is important that it be maintained. This ditch carries water rights for the Town of Avon and Traer Creek with maintenance and repair costs split proportionately. Status: This Project was budgeted for 2006. Staff is currently working with Traer Creek Metropolitan District to develop a design. The design will include cost estimates for the proposed solution: piping the ditch for the first 1700' (approximate) to eliminate cave-in, sloughing, and deterioration issues. We anticipate the first phase of this project will be completed in 2008, pending agreement with Traer Creek for funding. Proposed Budget: 2007 $ 20,000 2008 $ 300,000 Funding Source: Water Fund Drainage — W. Beaver Creek Blvd. (1-70 to Railroad) Description: Stormwater improvements per Metcalf Gulch conceptual report prepared in 2001. Drainage improvements will involve addressing a small sub - basin referred to as Basin II in the Master Drainage Study by conveying stormwater flow from a 30" diameter pipe beneath Interstate 70 south along West Beaver Creek Boulevard onto the existing drainage adjacent to the Railroad Crossing. The current system is only prepared for approximately a 10 -year event, and events exceeding 10 -year flows have impacted nearby residences and roadways. Status: The design was completed in 2007. Staff is currently negotiating for a drainage easement. Construction will likely occur in 2008, after the easement has been obtained. Budget: 2007 $ 40,000 2008 $ 310,000 Drainage — Metcalf Road Description: Improvements along Metcalf Road to maintain storm drainage and reduce erosion, per recommendation in Metcalf Drainage Study and Preliminary Design. The design has been initiated in 2007. In 2008, work will be done to obtain Army Corps of Engineer's approval or permit waiver for the project. The actual project construction will not likely occur until 2009. Street improvements, including a bicycle lane, will be included in the scope of the project if the budget allows for it. Capitol Improvement Funds will be required to pay for the roadway portion of the project. Budget: 2007 $ 285,000 2008 $ 50,000 2009 $ 1,467,000 Funding Source: Water Fund Note: Timing of this project is dependent upon available Fund Balance in Water Fund. Section I, Page C-19 Water Rights Acquisition Description: Purchase additional water rights to maintain integrity of Nottingham Lake Storage and provide service to future development and potential up - zoning in the Town Center. The actual purchase of water rights is subject to availability, price and timing. Status: The Town has filed an application to lease 20 acre-feet of Homestake Reservoir water from the Colorado River Water Conservation District. We do not have an anticipated for when this lease will be finalized and the water will be available. The proposed budget retains funding for this lease in 2007 based on the possibility that the lease could be finalized before year end. The execution of the lease agreement may not occur until 2008. We are continuously on the lookout for other water rights that may become available that would be useable by the Town. The cost of these rights can vary significantly depending upon location, seniority, and reliability. Proposed Budget is based on earliest anticipated date for completion of acquisition process and primarily acts as a reserve fund for purchase whenever rights may become available. Budget: 2007 $ 140,000 2008 $ 320,000 Funding Source: Water Fund Drainage Master Plan Description: Update the Drainage Master Plan for the Town of Avon. The original master plan was developed in 1994. Status: The update would involve including the new development in the Town of Avon and allow for the incorporation of the drainage improvements into the GIS System. Incorporating the master plan into GIS will significantly improve our ability to use it and incorporate new development as it occurs. Budget 2008 $250,000 Funding Source Water Fund Strategic Planning Planning & Consulting Description: Consulting Services for Various Planning Projects That May Arise Throughout the Year. Status: Annual Budget Item to Address Miscellaneous Unscheduled Planning Issues That May Occur During the Year. Proposed Budget 2007 $ 50,000 2010 $ 50,000 2008 $ 50,000 2011 $ 50,000 2009 $ 50,000 Nottingham Park Master Plan Description: Prepare a Master Plan for Nottingham Park. Status: The Project was originally to occur in 2007 but has been rescheduled to 2008. Proposed Budget 2008 $150,000 Section I, Page C-20 East Avon Redevelopment (Master Plan) Description: A) Develop a subarea plan for the Town Center Commercial Shopping District (East Avon) identifying more appropriate parcel configurations and corresponding new automobile and pedestrian circulation alignments in order to increase the district's commercial viability. B) Instigate a specific area plan for the development and redevelopment of the Town Center Commercial Shopping District to inventory, analyze and prioritize suitable sites for potential infill and redevelopment, to define a new modified street grid, and to enhance the district's wayfinding elements and overall pedestrian orientation. (Related Projects include "East Avon Redevelopment - Main Street Extension" as described below.) Status: Design Workshop has conducted a design charrette for this area and developed possible design/development scenarios for redevelopment of this area. The results of this charrette were presented at a meeting to solicit public comment. Design Workshop is now working on market analysis in the process of developing a preferred alternative to be incorporated into a Master Plan for the area. Proposed Budget: 2006 $ 100,000 2007 $ 80,000 Policy E.1.4 Housing Needs Assessment Description: Initiate a housing needs assessment to understand the housing needs of the community and establish policies and programs that would address these needs. Ideally, a housing strategy would result that takes into consideration the unique opportunities and constraints found in the community and establish minimum dwelling unit size requirements for designated housing units that effectively meets the residents livability needs. Status: This Project is in process. Budget: 2006 $ 50,000 Comprehensive Transportation Plan Description: Avon last prepared a plan specific to transportation in 1996 ("Transportation Plan Update", MK Centennial). Updated information and technical assessment is needed by a qualified engineering consultant with experience in traffic modeling, road design, bridges, trails, pedestrian facilities, traffic calming, parking, and transit to address level of service goals described in the Town's Comprehensive Plan. Recent traffic count and parking data will be incorporated and recommendations made as to the best means to accommodate the anticipated future traffic and parking demand, derived from the population and transit projections recently prepared by the Department of Transportation. Once completed, the updated version of this Comprehensive Transportation Plan should be adopted by Town Council in order to insure our eligibility for transportation grants and funding requests at the regional, state, and federal level. Status: This project has not been initiated. The next step is to issue an RFP for professional civil/transportation engineering services. Budget: 2008 $200,000 Section I, Page C-21 Other Historic Preservation Fund Description: Establish a fund to provide matching funds for private sector donations to be used for the preservation of items of cultural and historic significance to the Town. An example of this is the old water wheel located by Canyon Run that was used to generate electricity. Proposed Budget: 2006 $ 25,000 2007 $ 25,000 2008 $ 25,000 2009 $ 25,000 2010 $ 25,000 2011 $ 25,000 2012 and Beyond $ 25,000Near Previously Identified Projects not Included in the CIP Avon Information Center Description: Develop a Visitor Information Center for dissemination of information to I- 70 Travelers and Area Visitors to improve the effectiveness of providing information about the Avon community, its businesses and the various special activities and events occurring within the community. Draft Comprehensive Plan Policy B.3.6 states, "Develop a joint visitor center with Beaver Creek on the east day parking lot or other suitable location to increase the effectiveness of providing information about the Avon community, its businesses, and the various special activities and events occurring within the community." Time frame for implementation - two years. Status: The scope and magnitude of this project is currently undefined pending identification and acquisition of a satisfactory location. Retail Analysis Description: Conduct a retail analysis to identify specific opportunities to increase guest -related retail expenditures within Avon to reduce sales tax migration to other nearby communities. River Front Park Connecting Eagle River to Town Core Description: Develop a river front park that connects the Eagle River to the town Core and possibly to Nottingham Park. Status: Current development plans for the Riverfront Subdivision include development of a Riverfront Park. The land from the centerline of the Eagle River to 75' from the mean annual high water mark will be deeded to the Town upon completion of the Riverfront Subdivision. The project involves an ADA -compliant connection from Riverfront Drive to a widened recreation path along the river. The pedestrian crossings and at -grade railroad crossings will subsequently connect the Riverfront Park to Town Center West and Nottingham Park. Pedestrian Circulation Plan Description: Design and adopt a comprehensive town pedestrian circulation plan in conjunction with an east Town Core area specific plan and require all development proposals in the Town Core area to include it graphically on their plans, specifically addressing ways each proposal contributes to the concept and its implementation. Section I, Page C-22 Status: Many of the pedestrian related issues are being dealt with in development of the Town Center East and West Master Plans. With the proposed redevelopment, it may be desirable to expand the scope of this study to include an update of the Town's Transportation Plan which was last updated in 1996. Avon Road Pedestrian Bridge (Related Comprehensive Plan Policy H.4.3) Description: Pedestrian Bridge over Avon Road located between the Union Pacific Railroad and Benchmark Road. Tract J — Pedestrian Bridge Over Eagle River Description: Construct new pedestrian bridge across Eagle River connecting Bikepath with US Highway 6, replacing unsafe structure removed from Tract J. Tract J - Center Bridge Pier Removal Description: Remove concrete center pier that is still in Eagle River following removal of the old bridge structure and end abutments. Status: This Historical Committee has expressed some concerns regarding removal of this structure in that they believe it may have some historical significance even though bridge super structure has been removed for safety reasons. Open Space Inventory/Non-Developable Lands Acquisition Description: Inventory, analyze and prioritize lands adjacent to the developed portions of the town, particularly steep slopes, drainage corridors and other environmentally sensitive areas, for possible acquisition and/or preservation as open space or other public purposes, or restrict these lands to very low density development in order to maintain Avon's visual identity. Status: This has been an on-going activity of the town with various tracts of land acquired through dedications, development agreements and purchases. The inventory of these acquisitions can be reformatted through a GIS System to better visualize the current inventory and identify potential tracts for future acquisitions. Section I, Page C-23 MUNICIPAL SERVICES General Fund #10 Section I, Page D-1 Fund Summary Original or Final Prev. Amend. Revised Proposed Actual Budget Budget Budget 2006 2007 2007 2008 REVENUES Taxes $ 8,120,389 $ 8,552,035 $ 8,591,161 $ 9,574,072 Licenses and Permits 827,890 786,100 431,600 823,600 Intergovernmental 905,476 944,766 932,586 1,001,454 Charges for Services 2,763,774 2,355,270 2,294,762 2,772,596 Fines and Forfeitures 73,854 80,250 89,400 104,150 Investment Earnings 471,099 450,000 575,000 500,000 Other Revenue 220,975 225,412 247,912 249,500 Total Operating Revenues 13,383,457 13,393,833 13,162,421 15,025,372 Other Sources Sales of Fixed Assets 1,504 1,500 1,500 1,500 Transfer -In From Capital Projects Fund 80,000 200,000 200,000 249,561 Capital Lease Proceeds 130,621 167,500 167,500 - Total Other Sources 212,125 369,000 369,000 251,061 TOTAL REVENUES $ 13,595,582 $ 13,762,833 $ 13,531,421 $ 15,276,433 EXPENDITURES General Government $ 2,119,128 $ 2,462,124 $ 2,507,688 $ 2,560,712 Community Development 912,855 1,009,363 916,504 1,051,677 Public Safety 1,879,582 2,219,846 2,178,942 2,671,210 Public Works 2,747,361 3,590,748 3,528,144 3,791,945 Recreation and Culture 2,170,423 2,612,185 2,528,830 2,772,757 Total Operating Expenditures 9,829,349 11,894,266 11,660,108 12,848,301 Contingency - 20,000 - 20,000 Other Uses Transfers -Out to Mall Maintenance 15,000 15,000 15,000 15,000 Transfers -Out to Avon Urban Renewal Authority 120,000 - - 50,000 Transfers -Out to Community Enhancement Fund 235,309 - - - Transfers -Out to Affordable Housing Fund 100,000 - - - Transfers -Out to Faciilities Reserve Fund 328,000 72,917 72,917 72,917 Transfers -Out to Debt Service 615,107 591,552 591,552 587,988 Transfers -Out to Transit 1,060,000 1,272,000 1,315,000 1,541,000 Transfers -Out to Fleet Maintenance 160,000 160,000 160,000 160,000 Total Other Uses 2,633,416 2,111,469 2,154,469 2,426,905 TOTAL EXPENDITURES 12,462,765 14,025,735 13,814,577 15,295,206 NET SOURCE (USE) OF FUNDS 1,132,817 (262,902) (283,156) (18,773) FUND BALANCES, Beginning of Year 5,773,617 5,773,617 6,906,434 6,623,278 FUND BALANCES, End of Year $ 6,906,434 $ 5,510,715 $ 6,623,278 $ 6,604,505 Section I, Page D-1 MUNICIPAL SERVICES General Fund 2008 OPERATING REVENUES Fines and Forfeitures Investment Earnings Other Revenue 0.69% 3.33% 1.66% Charges for Se 18.45% Intergovernmental 6.67% Licenses and Permits 5.48% Recreation and Culture 21.58% 2008 OPERATING EXPENDITURES General Government 19.93% Public Works 29.51% Section I, Page D-2 Public Safety 20.79% Taxes 63.72% Community Development 8.19% Accommodation Tax 5.91% Utility Tax 1.41% MUNICIPAL SERVICES General Fund Revenues 2008 TAXES Payments In -Lieu -Of Sales Tax Franchise Fees General Property Tax 5.19% 4.02% 21.00% Other n z 1 o% Sales Tax 60.31% :cific Ownership Tax 1.63% Section I, Page D-3 Original or Final Prev. Amend. Revised Proposed Actual Budget Budget Budget 2006 2007 2007 2008 TAXES General Property Tax $ 1,529,847 $ 1,534,793 $ 1,536,493 $ 2,010,627 Specific Ownership Tax 179,560 175,000 175,000 175,000 Sales Tax 4,999,786 5,361,885 5,411,159 5,773,928 Utility Tax 129,537 140,000 130,000 135,000 Accommodation Tax 435,206 432,830 454,897 567,500 Other 45,809 15,000 30,000 30,000 Payments In -Lieu -Of Sales Tax 438,865 477,527 478,612 497,017 Franchise Fees 361,779 415,000 375,000 385,000 TOTAL TAXES $ 8,120,389 $ 8,552,035 $ 8,591,161 $ 9,574,072 Section I, Page D-3 Contracted Services 11.30% MUNICIPAL SERVICES General Fund Expenditures 2008 OPERATING EXPENDITURES By Object Class Capital Debt Outlay Service 1.82% Other 1.10% Operating Costs Commodities Services 5.99% Personnel 60.97% Section I, Page D-4 Other Personnel Contracted Operating Debt Capital Services Commodities Services Costs Service Outlay Total EXPENDITURES General Government $ 1,351,612 $ 41,187 $ 488,511 $ 651,714 $ 17,238 $ 10,450 $ 2,560,712 Community Development 771,711 15,950 225,476 36,015 - 2,525 1,051,677 Public Safety 1,923,437 106,360 52,247 550,966 - 38,200 2,671,210 Public Works 1,907,591 447,933 426,193 687,940 124,298 197,990 3,791,945 Recreation and Culture 1,878,752 158,734 255,131 461,640 - 18,500 2,772,757 TOTAL OPERATING EXPENDITURES $ 7,833,103 $ 770,164 $ 1,447,558 $ 2,388,275 $ 141,536 $ 267,665 $ 12,848,301 Section I, Page D-4 MUNICIPAL SERVICES General Fund Section I, Page D-5 Revenue Detail Original or Final Prev. Amend. Revised Proposed Account Actual Budget Budget Budget Number Description 2006 2007 2007 2008 Taxes: 51101 General Property Tax $ 1,517,214 $ 1,534,193 $ 1,534,193 $ 2,008,327 51102 General Property Tax - Delinquent Collections 10,576 300 300 300 51103 General Property Tax - Interest 2,057 300 2,000 2,000 51201 Specific Ownership Tax 179,560 175,000 175,000 175,000 51301 Sales Tax 4,999,786 5,361,885 5,411,159 5,773,928 51302 Utility Tax 129,537 140,000 130,000 135,000 51303 Accommodation Tax 435,206 432,830 454,897 567,500 51304 Penalties and Interest 45,809 15,000 15,000 15,000 51305 Sales Tax Audit Assessments - - 15,000 15,000 51306 Payments In -Lieu -Of Sales Tax 438,865 477,527 478,612 497,017 51402 Franchise Fees 361,779 415,000 375,000 385,000 51000 Total Taxes 8,120,389 8,552,035 8,591,161 9,574,072 Licenses and Permits: 52101 Liquor Licenses 4,482 4,000 5,500 5,500 52102 Business Licenses 19,352 20,000 20,000 20,000 52103 Contractor's Licenses 17,605 14,000 18,000 18,000 52201 Building Permits 587,776 600,000 300,000 615,000 52203 Plumbing Permits 97,821 72,500 33,000 80,000 52204 Mechanical Permits 97,404 72,500 45,000 80,000 52205 Road Cut Permits 3,450 3,000 10,000 5,000 52206 Other Licenses and Permits - 100 100 100 52000 Total Licenses and Permits 827,890 786,100 431,600 823,600 Intergovernmental: Federal Grants: 53105 School Resource Officer Grant 43,786 55,588 55,588 65,102 53199 Other Federal Grants 489 - - - State Grants 53204 LEAF Grant 5,693 10,000 10,000 14,400 53299 Other 2,570 1,500 1,500 - Subtotal: Grants 52,538 67,088 67,088 79,502 State/County Shared Revenue: 53301 Conservation Trust 71,660 72,000 72,000 72,000 53302 Motor Vehicle Registration 22,961 24,000 24,000 24,000 53303 Highway User's Tax 174,839 157,998 157,998 160,952 53304 Cigarette Tax 53,820 53,000 53,000 53,000 53305 County Sales Tax 384,883 427,180 415,000 425,000 53306 Road & Bridge Fund 141,331 140,000 140,000 182,000 53308 State Severance Tax 3,444 3,500 3,500 5,000 Subtotal: Shared Revenue 852,938 877,678 865,498 921,952 53000 Total Intergovernmental 905,476 944,766 932,586 1,001,454 Section I, Page D-5 MUNICIPAL SERVICES General Fund Revenue Detail Original or Final Prev. Amend. Revised Proposed Account Actual Budget Budget Budget Number Description 2006 2007 2007 2008 Section I, Page D-6 Charges for Services: General Government: 54101 Sales of Map and Publications 20 250 250 250 54102 Photocopying Charges 3,694 2,500 2,500 3,000 54103 License Hearing Fees 25 - 25 25 54104 Other Fees and Charges 1,983 2,250 2,250 2,250 54201 Plan Check Fees 598,829 250,000 175,000 475,000 54202 Subdivision Review Fees 111,751 35,000 40,000 35,000 54203 Design Review Fees 48,965 35,000 35,000 35,000 54204 Animal Control Fees 1,740 1,250 2,000 2,000 54205 Abatement Services 4,700 100 100 100 54301 Police Reports 941 1,500 1,500 2,000 54302 Police Contract Services 684 6,750 10,000 10,000 54303 Fingerprinting Fees 4,264 3,000 3,000 3,500 54304 VIN Inspection Fees 16,585 18,000 18,000 20,000 54305 False Alarm Fees/Misc Police Dept Fees 1,661 300 3,300 3,300 54399 DUI Reimbursement 2,174 1,250 2,000 2,500 54453 Village at (Avon) Municipal Services 555,112 578,023 578,023 698,468 Subtotal: General Govern. 1,353,128 935,173 872,948 1,292,393 Recreation Facility: 54601 Admission Fees 1,002,898 998,290 1,023,000 1,053,000 54602 Program Fees 52,446 53,299 42,500 42,500 54603 Rentals 5,193 4,400 4,400 4,500 54604 Merchandise Sales 17,756 14,700 14,000 15,884 54605 Childcare 11,941 15,000 12,000 14,000 54606 Rec Center Services 19,403 20,000 22,000 22,900 54607 Fitness Program Revenues 29,617 24,298 22,298 23,200 54608 Locker Rental 100 100 300 300 Other Recreation: 54651 Adult Program Revenues 17,003 16,580 16,580 17,512 54652 Cabin Equipment Rentals 38,671 49,000 34,000 37,307 54653 Athletic Field Rentals 4,408 4,000 3,661 4,000 54654 Cabin Concessions 5,567 4,600 4,800 5,600 54655 Youth Program Revenues 106,338 105,330 115,000 130,000 54676 Sponsorships 87,300 100,000 97,375 100,000 54677 Advertisements 810 1,500 - - 54678 Event Fees 11,195 9,000 9,900 9,500 Subtotal: Recreation 1,410,646 1,420,097 1,421,814 1,480,203 54000 Total Charges for Services 2,763,774 2,355,270 2,294,762 2,772,596 Section I, Page D-6 MUNICIPAL SERVICES General Fund Revenue Detail Original or Final Prev. Amend. Revised Proposed Account Actual Budget Budget Budget Number Description 2006 2007 2007 2008 Section I, Page D-7 Fines and Forfeitures: 55101 Court Fines - Traffic 37,012 18,500 40,000 42,000 55102 Court Fines - Criminal 21,964 38,500 33,000 35,000 55103 Court Fines - Parking 8,755 11,000 5,750 8,000 55104 Court Fines - General 285 3,500 3,500 3,500 55105 Court Costs 5,503 5,500 5,500 5,500 55106 Jury Fees - 250 - 150 55107 Bond Forfeitures - 1,000 150 500 55108 Court Fines - Toy Fund for Christmas 335 500 - - 55109 Miscellaneous Court Revenues - 1,500 1,500 1,500 55110 Police Training Surcharge - - - 8,000 55000 Total Fines and Forfeitures 73,854 80,250 89,400 104,150 Investment Earnings: 57101 Interest 471,099 450,000 575,000 500,000 57000 Total Investment Earnings 471,099 450,000 575,000 500,000 Other Revenues: 58101 Recreational Amenity Fees 131,436 140,500 140,500 145,500 58109 Debt Issuance Fees 11,600 11,529 11,529 11,000 58201 Lease of Town -Owned Property 25,340 5,500 28,000 28,000 58999 Miscellaneous Nonclassified Revenues 52,599 67,883 67,883 65,000 58000 Total Other Revenues 220,975 225,412 247,912 249,500 50000 TOTAL REVENUES $ 13,383,457 $ 13,393,833 $ 13,162,421 $ 15,025,372 Section I, Page D-7 MUNICIPAL SERVICES General Fund Section I, Page D-8 Department Expenditure Summaries Original or Final Prev. Amend. Revised Proposed Dept./Div. Actual Budget Budget Budget Number Description 2006 2007 2007 2008 General Government: Legislative: 111 Mayor and Town Council $ 123,208 $ 131,039 $ 131,039 $ 258,025 112 Boards and Commissions 11,978 14,807 14,807 15,806 113 Town Attorney 112,914 97,000 125,000 175,000 114 Public Relations 264,447 329,578 329,578 - 115 Town Clerk 119,123 97,141 97,352 97,610 Total Legislative 631,670 669,565 697,776 546,441 Judicial: 121 Municipal Court 87,736 108,127 108,317 125,131 Executive: 131 Town Manager 271,768 219,829 220,261 232,361 132 Human Resources 141,722 215,801 216,283 211,890 133 Community Relations - 50,540 50,848 274,266 Total Executive 413,490 486,170 487,392 718,517 Finance Department: 141 Finance 501,825 576,682 578,288 592,476 143 Information Systems 168,869 256,722 257,162 279,699 149 Nondepartmental 315,538 364,858 378,753 298,448 Total Financial Administration 986,232 1,198,262 1,214,203 1,170,623 Total General Government 2,119,128 2,462,124 2,507,688 2,560,712 Community Development: 211 Administration 157,732 161,929 162,358 181,660 212 Planning 220,884 408,803 409,835 352,828 213 Building Inspection 534,239 438,631 344,311 517,189 Total Community Development 912,855 1,009,363 916,504 1,051,677 Police Department: 311 Administration 314,335 352,126 358,932 439,475 312 Patrol 1,461,549 1,760,310 1,706,807 2,113,194 313 Investigations 103,698 107,410 113,203 118,541 Total Police 1,879,582 2,219,846 2,178,942 2,671,210 Section I, Page D-8 MUNICIPAL SERVICES General Fund Department Expenditure Summaries Section I, Page D-9 Total Public Works 2,747,361 Original or Final 3,791,945 Recreation and Culture: Prev. Amend. Revised Proposed Dept./Div. Special Events Actual Budget Budget Budget Number Description 2006 2007 2007 2008 515 Adult Programs 39,675 34,520 31,729 55,025 516 Public Works: 400,802 469,635 461,465 487,132 411 Administration 82,504 92,487 113,706 102,986 412 Engineering 310,445 389,601 394,539 423,641 413 Roads and Streets 1,219,602 1,647,833 1,593,038 1,710,694 414 Facilities Maintenance 383,311 537,440 502,688 555,079 415 Parks 751,499 923,387 924,173 999,545 Section I, Page D-9 Total Public Works 2,747,361 3,590,748 3,528,144 3,791,945 Recreation and Culture: 513 Special Events 234,014 321,370 308,142 303,618 514 Administration 309,343 360,835 360,035 382,614 515 Adult Programs 39,675 34,520 31,729 55,025 516 Aquatics 400,802 469,635 461,465 487,132 517 Childcare 35,128 42,268 30,959 56,878 518 Fitness 113,539 126,214 121,214 137,255 519 Front Desk 239,539 268,203 256,348 279,032 520 Maintenance 652,906 788,758 773,655 843,577 521 Youth Programs 93,486 134,322 133,223 168,170 522 Cabin 51,991 66,060 52,060 59,456 Total Recreation and Culture 2,170,423 2,612,185 2,528,830 2,772,757 TOTAL OPERATING EXPENDITURES $ 9,829,349 $ 11,894,266 $ 11,660,108 $ 12,848,301 Section I, Page D-9 MUNICIPAL SERVICES General Fund Departmental Operating Costs Dept./ Purchased & Other Legislative: Div. Personnel Contracted Operating Debt Capital Number Description Services Commodities Services Costs Service Outlay Total Total Legislative Judicial: 121 Municipal Court Executive: 131 Town Manager 132 Human Resources 133 Community Relations $ 97,840 $ General Government: 155,685 $ Legislative: 111 Town Council 112 Boards and Commissions 113 Town Attorney 115 Town Clerk Total Legislative Judicial: 121 Municipal Court Executive: 131 Town Manager 132 Human Resources 133 Community Relations $ 97,840 $ 2,500 $ 2,000 $ 155,685 $ - $ - $ 258,025 13,306 - - 2,500 - - 15,806 - - 175,000 - - 175,000 74,512 3,500 3,200 15,473 - 925 97,610 185,658 6,000 180,200 173,658 - 925 546,441 102,021 730 21,220 1,160 - - 125,131 196,355 3,150 10,300 20,556 - 2,000 232,361 170,890 3,450 3,550 34,000 - - 211,890 57,841 1,600 74,100 134,800 - 5,925 274,266 Total Executive 425,086 8,200 87,950 189,356 - 7,925 718,517 Administration: 141 Finance Department 468,833 7,005 99,975 15,063 - 1,600 592,476 143 Information Systems 170,014 5,600 43,635 60,450 - - 279,699 149 Nondepartmental - 13,652 55,531 212,027 17,238 298,448 Total Administration Total General Government Community Development: 211 Administration 212 Planning 213 Building Inspection 638,847 26,257 199,141 287,540 17,238 1,600 1,170,623 1,351,612 41,187 488,511 651,714 17,238 10,450 2,560,712 155,548 3,300 11,380 11,432 331,303 7,850 2,000 9,150 284,860 4,800 212,096 15,433 Total Community Development 771,711 15,950 225,476 36,015 Public Safety: Police Department: 311 Administration 312 Patrol 313 Investigations Total Public Safety 351,090 15,780 40,403 30,602 1,471,538 86,330 9,586 509,140 100,809 4,250 2,258 11,224 - 181,660 2,525 352,828 - 517,189 2,525 1,051,677 1,600 439,475 36,600 2,113,194 - 118,541 1,923,437 106,360 52,247 550,966 - 38,200 2,671,210 Section I, Page D-10 MUNICIPAL SERVICES General Fund Section I, Page D-11 Departmental Operating Costs Dept./ Purchased & Other Div. Personnel Contracted Operating Debt Capital Number Description Services Commodities Services Costs Service Outlay Total Public Works 411 Administration 73,306 2,225 14,815 10,360 - 2,280 102,986 412 Engineering 356,873 6,500 28,602 13,166 - 18,500 423,641 413 Roads and Streets 622,358 277,690 206,896 388,214 119,641 95,895 1,710,694 414 Facility Maintenance 237,091 24,233 113,120 101,845 - 78,790 555,079 415 Parks 617,963 137,285 62,760 174,355 4,657 2,525 999,545 Total Public Works 1,907,591 447,933 426,193 687,940 124,298 197,990 3,791,945 Recreation and Culture: 513 Special Events 96,651 20,630 157,700 26,337 - 2,300 303,618 514 Administration 268,481 8,200 28,488 69,045 - 8,400 382,614 515 Adult Programs 50,715 3,350 - 960 - - 55,025 516 Aquatics 419,034 27,250 200 39,048 - 1,600 487,132 517 Child Care 54,813 1,500 - 565 - - 56,878 518 Fitness 82,170 4,575 1,900 48,610 - - 137,255 519 Front Desk 232,028 20,650 6,800 19,554 - - 279,032 520 Maintenance 471,386 59,329 58,493 248,169 - 6,200 843,577 521 Youth Programs 152,075 8,250 650 7,195 - - 168,170 522 Cabin 51,399 5,000 900 2,157 - - 59,456 Total Parks and Recreation 1,878,752 158,734 255,131 461,640 - 18,500 2,772,757 TOTAL OPERATING EXPENDITURES $ 7,833,103 $ 770,164 $ 1,447,558 $ 2,388,275 $ 141,536 $ 267,665 $ 12,848,301 Section I, Page D-11 MUNICIPAL SERVICES Mall Maintenance Fund #21 EXPENDITURES Fund Summary 46,293 69,698 58,517 Public Works: $ 69,698 $ Original or Final 26,136 Mall Maintenance 37,928 Prev. Amend. Revised Proposed Total Operating Expenditures Actual Budget Budget Budget TOTAL EXPENDITURES 2006 2007 2007 2008 REVENUES 26,301 (20,528) (11,181) (32,381) Other Revenue $ 49,229 $ 53,354 $ 56,338 $ 49,429 Total Operating Revenues 49,229 53,354 56,338 49,429 Other Sources Transfers In - General Fund 15,000 15,000 15,000 15,000 TOTAL REVENUES 64,229 68,354 71,338 64,429 EXPENDITURES 43,397 46,293 69,698 58,517 Public Works: $ 69,698 $ 25,765 $ 58,517 $ 26,136 Mall Maintenance 37,928 88,882 82,519 96,810 Total Operating Expenditures 37,928 88,882 82,519 96,810 TOTAL EXPENDITURES 37,928 88,882 82,519 96,810 NET SOURCE (USE) OF FUNDS 26,301 (20,528) (11,181) (32,381) FUND BALANCES, Beginning of Year 43,397 46,293 69,698 58,517 FUND BALANCES, End of Year $ 69,698 $ 25,765 $ 58,517 $ 26,136 Section II, Page 1 MUNICIPAL SERVICES Mall Maintenance Fund #21 Section II, Page 2 Revenue Detail Original or Final Prev. Amend. Revised Proposed Account Actual Budget Budget Budget Number Description 2006 2007 2007 2008 Other Revenues: 58105 Mall Maintenance Fees $ 49,229 $ 53,354 $ 56,338 $ 49,429 58000 Total Other Revenues 49,229 53,354 56,338 49,429 Other Sources: 59201 Transfers In - General Fund 15,000 15,000 15,000 15,000 59000 Total Other Sources 15,000 15,000 15,000 15,000 50000 TOTAL REVENUES $ 64,229 $ 68,354 $ 71,338 $ 64,429 Section II, Page 2 AVON URBAN RENEWAL AUTHORITY Summary - All Funds Total Operating Revenues Other Sources Bond Proceeds Transfers -In From Other Funds Total Other Sources TOTAL REVENUES EXPENDITURES General Government Total Operating Expenditures Debt Service Capital Improvements Other Uses Transfers -Out To Other Funds TOTAL EXPENDITURES NET SOURCE (USE) OF FUNDS FUND BALANCES, Beginning of Year FUND BALANCES, End of Year 912,660 - - - 25,000,000 120,000 - - 4,785,000 120,000 - - 29,785,000 120,000 - - 30,697,660 8,197 111,803 90,400 50,400 8,197 111,803 90,400 50,400 - - - 1,372,260 - - 5,828,000 - - - 4,735,000 8,197 111,803 90,400 11,985,660 111,803 (111,803) (90,400) 18,712,000 - 111,803 111,803 21,403 $ 111,803 $ - $ 21,403 $ 18,733,403 Section II, Page 3 TOTAL - ALL FUNDS Original or Final Prev. Amend. Revised Proposed Actual Budget Budget Budget 2006 2007 2007 2008 REVENUES Taxes $ - $ - $ - $ 126,370 Investment Earnings - - - 786,290 Other Revenue - - - - Total Operating Revenues Other Sources Bond Proceeds Transfers -In From Other Funds Total Other Sources TOTAL REVENUES EXPENDITURES General Government Total Operating Expenditures Debt Service Capital Improvements Other Uses Transfers -Out To Other Funds TOTAL EXPENDITURES NET SOURCE (USE) OF FUNDS FUND BALANCES, Beginning of Year FUND BALANCES, End of Year 912,660 - - - 25,000,000 120,000 - - 4,785,000 120,000 - - 29,785,000 120,000 - - 30,697,660 8,197 111,803 90,400 50,400 8,197 111,803 90,400 50,400 - - - 1,372,260 - - 5,828,000 - - - 4,735,000 8,197 111,803 90,400 11,985,660 111,803 (111,803) (90,400) 18,712,000 - 111,803 111,803 21,403 $ 111,803 $ - $ 21,403 $ 18,733,403 Section II, Page 3 AVON URBAN RENEWAL AUTHORITY General Fund EXPENDITURES Fund Sui(ffiaryPt General Government 8,197 111,803 90,400 Original or Final 60000 TOTAL EXPENDITURES Prev. Amend. Revised Proposed Account Actual Budget Budget Budget Number Description 2006 2007 2007 2008 111,803 REVENUES 21,403 58999 Other Revenue $ - $ - $ - $ - Total Operating Revenues - - - - Other Sources 59201 Transfers In - TOA General Fund 120,000 - - 50,000 50000 TOTAL REVENUES 120,000 - - 50,000 EXPENDITURES General Government 8,197 111,803 90,400 50,400 60000 TOTAL EXPENDITURES 8,197 111,803 90,400 50,400 NET SOURCE (USE) OF FUNDS 111,803 (111,803) (90,400) (400) FUND BALANCES, Beginning of Year - 111,803 111,803 21,403 FUND BALANCES, End of Year $ 111,803 $ - $ 21,403 $ 21,003 Section II, Page 4 Town of Avon Line Item Detail Function: General Government/Financial #140 Department: Finance #140 Program: Avon Urban Renewal Authority #148 Account Final Number Account Description Actual Budget Budget Budget Percent 2006 2007 Personnel: 61101 Regular Full-time Salaries 61201 Automobile Allowance 61301 FT Pension 61303 Wellness 61304 Employee Assistance Program 61401 FICA/Medicare 61501 Group Health and Life Insurance 61505 Long-term Disability Insurance 61507 Dental Insurance 61509 Worker's Compensation 61510 Unemployment Insurance 61000 Total Personnel Commodities: 62905 Books and Periodicals 62999 Office Supplies and Materials 62000 Total Commodities Contract Services: 63101 Legal Services 63199 Other Professional Services 63000 Total Contract Services Other Operating Costs: 64201 Telephone 64206 Cellular and Paging 64000 Total Other Operating Costs 60000 Total Expenditures Original or Final Prev. Amend. Revised Proposed Actual Budget Budget Budget Percent 2006 2007 2007 2008 Change $ - $ - $ - $ - N/A N/A N/A N/A N/A WA WA N/A N/A N/A N/A N/A - - N/A 400 400 0.00% 400 400 N/A 6,342 53,658 25,000 20,000 -20.00% 1,855 58,145 65,000 30,000 -53.85% 8,197 111,803 90,000 50,000 -44.44% - N/A - N/A - - - - N/A $ 8,197 $ 111,803 $ 90,400 $ 50,400 -44.25% Section II, Page 5 TOWN OF AVON DETAILED BUDGET REQUESTS 2008 Department: Finance and Information Systems Program: Avon Urban Renewal Authority Account 2008 Number Account Name Budget Justification Sherman and Howard Legal Services: 63101 Legal Services 20,000 AURA General Counsel Services 20,000 Financial Modeling Services 20,000 63199 Other Professional Services 30,000 Other Professional Services 10,000 63000 Total Contract Services 50,000 Section II, Page 6 AVON URBAN RENEWAL AUTHORITY Debt Service Fund Fund Summary Original or Final Prev. Amend. Revised Proposed Account Actual Budget Budget Budget Number Description 2006 2007 2007 2008 REVENUES Taxes: 51101 Property Tax - Current $ 51102 Property Tax - Delinquent 51103 Property Tax - Interest & Penalties 51000 Total Taxes _ Investment Earnings: 57101 Interest 50000 Total Operating Revenues Other Sources Transfer In - AURA Capital Projects Fund TOTAL REVENUES Section II, Page 7 $ 126,370 - - 126,370 - 136,290 - 262,660 - 4,735,000 - 4,997,660 872,260 872,260 4,125,400 $ 4,125,400 EXPENDITURES AND OTHER USES Debt Service: Series 2008, TIF Revenue Bonds: 65101 Principal 65102 Interest 65103 Fiscal Agent Fees 64303 County Treasurer Fees 60000 TOTAL EXPENDITURES NET SOURCE (USE) OF FUNDS FUND BALANCES, Beginning of Year FUND BALANCES, End of Year Section II, Page 7 $ 126,370 - - 126,370 - 136,290 - 262,660 - 4,735,000 - 4,997,660 872,260 872,260 4,125,400 $ 4,125,400 AVON URBAN RENEWAL AUTHORITY Capital Projects Fund Fund Summary Original or Final Prev. Amend. Revised Proposed Actual Budget Budget Budget Description 2006 2007 2007 2008 REVENUES Investment Earnings $ - $ - $ - $ 650,000 Other Revenue - - - - Total Operating Revenues - - - 650,000 Other Sources Bond Procceds - - - 25,000,000 Total Other Sources - - - 25,000,000 TOTAL REVENUES - - - 25,650,000 EXPENDITURES Debt Service: Bond Issuance Costs - - - 500,000 Capital Improvements - - - 5,828,000 Total Operating Expenditures - - - 6,328,000 Other Uses Transfers Out - AURA Debt Service Fund - - - 4,735,000 TOTAL EXPENDITURES - - - 11,063,000 NET SOURCE (USE) OF FUNDS - - - 14,587,000 FUND BALANCES, Beginning of Year - - - - FUND BALANCES, End of Year $ - $ - $ - $ 14,587,000 Section II, Page 8 AVON URBAN RENEWAL AUTHORITY Capital Projects Fund CIP Projects Inventory Original or Final Prev. Amend. Revised Proposed Account Actual Budget Budget Budget Number Description 2006 2007 2007 2008 CAPITAL IMPROVEMENT PROJECTS Roads and Streets: Street Improvements: Reimbursement to TOA re: Lake Street Re -alignment Design Lake Street Construction - Main Street Design - Main Street Easements - Total Capital Improvement Projects $ Section II, Page 9 $ - $ 328,000 - 4,500,000 - 800,000 - 200,000 $ - $ 5,828,000 REVENUES Other Revenue MUNICIPAL SERVICES Community Enhancement Fund #23 Fund Summa Original or Prev. Amend Actual Budget 2006 2007 Final Revised Proposed Budget Budget 2007 2008 $ 64,133 $ 60,000 $ 60,000 $ 60,000 Total Operating Revenues 64,133 60,000 60,000 60,000 Other Sources Transfers In - General Fund 235,309 - - - TOTAL REVENUES 299,442 60,000 60,000 60,000 EXPENDITURES Public Works: Community Enhancement - 60,000 28,000 60,000 Total Operating Expenditures - 60,000 28,000 60,000 TOTAL EXPENDITURES - 60,000 28,000 60,000 NET SOURCE (USE) OF FUNDS 299,442 - 32,000 - FUND BALANCES, Beginning of Year - 295,309 299,442 331,442 FUND BALANCES, End of Year $ 299,442 $ 295,309 $ 331,442 $ 331,442 Section II, Page 10 MUNICIPAL SERVICES Community Enhancement Fund #23 Revenue Detail Original or Final Prev. Amend. Revised Proposed Account Actual Budget Budget Budget Number Description 2006 2007 2007 2008 Other Revenues: 58106 Community Enhancement Fees 58000 Total Other Revenues Other Sources: 59201 Transfers In - General Fund 59000 Total Other Sources 50000 TOTAL REVENUES $ 64,133 $ 60,000 $ 60,000 $ 60,000 64,133 60,000 60,000 60,000 235,309 235,309 $ 299,442 $ 60,000 $ 60,000 $ 60,000 Section II, Page 11 MUNICIPAL SERVICES Water Fund #24 REVENUES Charges for Services Investment Earnings Other Revenues Total Operating Revenues Other Sources TOTAL REVENUES EXPENDITURES Water Utilities Total Operating Expenditures Other Uses Transfers Out - Capital Projects Fund TOTAL EXPENDITURES NET SOURCE (USE) OF FUNDS $ 240,532 $ 920,400 $ 920,400 $ 359,000 32,367 40,000 40,000 40,000 8,690 - - - 281,589 960,400 960,400 399,000 281,589 960,400 960,400 399,000 33,733 96,418 96,476 92,555 33,733 96,418 96,476 92,555 262,178 1,273,000 486,559 1,230,000 295,911 1,369,418 583,035 1,322,555 (14,322) (409,018) 377,365 (923,555) FUND BALANCES, Beginning of Year 1,284,125 1,277,438 1,269,803 1,647,168 FUND BALANCES, End of Year $ 1,269,803 $ 868,420 $ 1,647,168 $ 723,613 Section II, Page 12 Fund Summary Original or Final Prev. Amend. Revised Proposed Actual Budget Budget Budget 2006 2007 2007 2008 REVENUES Charges for Services Investment Earnings Other Revenues Total Operating Revenues Other Sources TOTAL REVENUES EXPENDITURES Water Utilities Total Operating Expenditures Other Uses Transfers Out - Capital Projects Fund TOTAL EXPENDITURES NET SOURCE (USE) OF FUNDS $ 240,532 $ 920,400 $ 920,400 $ 359,000 32,367 40,000 40,000 40,000 8,690 - - - 281,589 960,400 960,400 399,000 281,589 960,400 960,400 399,000 33,733 96,418 96,476 92,555 33,733 96,418 96,476 92,555 262,178 1,273,000 486,559 1,230,000 295,911 1,369,418 583,035 1,322,555 (14,322) (409,018) 377,365 (923,555) FUND BALANCES, Beginning of Year 1,284,125 1,277,438 1,269,803 1,647,168 FUND BALANCES, End of Year $ 1,269,803 $ 868,420 $ 1,647,168 $ 723,613 Section II, Page 12 MUNICIPAL SERVICES Water Fund #24 Revenue Detail 54000 Total Charges for Services 240,532 920,400 920,400 359,000 57101 Investment Earnings 32,367 40,000 40,000 40,000 Other Revenues: 58999 Nonclassified Revenues 8,690 - - - 58000 Total Other Revenues 8,690 - - _ 50000 TOTAL REVENUES $ 281,589 $ 960,400 $ 960,400 $ 399,000 Section II, Page 13 Original or Final Prev. Amend. Revised Proposed Account Actual Budget Budget Budget Number Description 2006 2007 2007 2008 Charges for Services: 54401 Sales of Water $ 134,025 $ 134,000 $ 134,000 $ 134,000 54402 Tap Fees 106,507 776,000 776,000 225,000 54405 Tap Fees - Village at (Avon) - 10,400 10,400 - 54000 Total Charges for Services 240,532 920,400 920,400 359,000 57101 Investment Earnings 32,367 40,000 40,000 40,000 Other Revenues: 58999 Nonclassified Revenues 8,690 - - - 58000 Total Other Revenues 8,690 - - _ 50000 TOTAL REVENUES $ 281,589 $ 960,400 $ 960,400 $ 399,000 Section II, Page 13 MUNICIPAL SERVICES Affordable Housing Fund #25 REVENUES Other Revenue Total Operating Revenues Other Sources Transfers In - General Fund Transfers In - Capital Projects Fund Total Other Sources TOTAL REVENUES EXPENDITURES General Government: Affordable Housing Total Operating Expenditures TOTAL EXPENDITURES NET SOURCE (USE) OF FUNDS FUND BALANCES, Beginning of Year FUND BALANCES, End of Year 100,000 - - 846,000 - - - 946,000 - - - 946,000 - - - - 195,000 - - 195,000 - - - 195,000 - 946,000 - (195,000) - - 946,000 946,000 751,000 $ 946,000 $ 946,000 $ 751,000 $ 751,000 Section II, Page 14 Fund Summary Original or Final Prev. Amend. Revised Proposed Actual Budget Budget Budget 2006 2007 2007 2008 REVENUES Other Revenue Total Operating Revenues Other Sources Transfers In - General Fund Transfers In - Capital Projects Fund Total Other Sources TOTAL REVENUES EXPENDITURES General Government: Affordable Housing Total Operating Expenditures TOTAL EXPENDITURES NET SOURCE (USE) OF FUNDS FUND BALANCES, Beginning of Year FUND BALANCES, End of Year 100,000 - - 846,000 - - - 946,000 - - - 946,000 - - - - 195,000 - - 195,000 - - - 195,000 - 946,000 - (195,000) - - 946,000 946,000 751,000 $ 946,000 $ 946,000 $ 751,000 $ 751,000 Section II, Page 14 MUNICIPAL SERVICES Affordable Housing Fund #25 Section II, Page 15 Revenue Detail Original or Final Prev. Amend. Revised Proposed Account Actual Budget Budget Budget Number Description 2006 2007 2007 2008 Other Revenues: 58999 Nonclassified Revenues $ _ $ _ $ _ $ _ 58000 Total Other Revenues Other Sources: 59201 Transfers In - General Fund 100,000 59201 Transfers In - Capital Projects Fund 846,000 59000 Total Other Sources 946,000 50000 TOTAL REVENUES $ 946,000 $ Section II, Page 15 MUNICIPAL SERVICES Facilities Reserve Fund #26 REVENUES Other Revenue Total Operating Revenues Other Sources Transfers In - General Fund Total Other Sources TOTAL REVENUES EXPENDITURES Public Works: Facilities Maintenance Total Operating Expenditures TOTAL EXPENDITURES NET SOURCE (USE) OF FUNDS FUND BALANCES, Beginning of Year FUND BALANCES, End of Year 328,000 72,917 72,917 Fund Summary 328,000 Original or Final 72,917 Prev. Amend. Revised Proposed Actual Budget Budget Budget 2006 2007 2007 2008 REVENUES Other Revenue Total Operating Revenues Other Sources Transfers In - General Fund Total Other Sources TOTAL REVENUES EXPENDITURES Public Works: Facilities Maintenance Total Operating Expenditures TOTAL EXPENDITURES NET SOURCE (USE) OF FUNDS FUND BALANCES, Beginning of Year FUND BALANCES, End of Year 328,000 72,917 72,917 72,917 328,000 72,917 72,917 72,917 328,000 72,917 72,917 72,917 328,000 72,917 72,917 72,917 - 328,000 328,000 400,917 $ 328,000 $ 400,917 $ 400,917 $ 473,834 Section II, Page 16 MUNICIPAL SERVICES Facilities Reserve Fund #26 Revenue Detail Original or Final Prev. Amend. Revised Proposed Account Actual Budget Budget Budget Number Description 2006 2007 2007 2008 328,000 Other Revenues: 58999 Nonclassified Revenues 58000 Total Other Revenues Other Sources: 59201 Transfers In - General Fund 59000 Total Other Sources 50000 TOTAL REVENUES 328,000 72,917 72,917 72,917 328,000 72,917 72,917 72,917 $ 328,000 $ 72,917 $ 72,917 $ 72,917 Section II, Page 17 MUNICIPAL SERVICES Debt Service Fund #31 Fund Summary Original or Final Prev. Amend. Revised Proposed Account Actual Budget Budget Budget Number Description 2006 2007 2007 2008 REVENUES Taxes: 51101 General Property Taxes 51102 Property Tax - Delinquent 51103 Property Tax - Interest & Penalties 51000 Total Taxes Investment Earnings: 57101 Investment Earnings Other Sources: 59201 Transfers -In from General Fund 59201 Transfers -In from Finance Authority 59301 Bond Proceeds 59000 Total Other Sources 50000 TOTAL REVENUES EXPENDITURES Debt Service: 916 Series 1996, G.O. Refunding Bonds: 65101 Principal 65102 Interest 917 Series 1997, G.O. Bonds 65101 Principal 65102 Interest 919 Series 1999, Sales Tax Revenue Refunding Bonds 65101 Principal 65102 Interest 923 Series 1998, Certificates of Participation 65101 Principal 65102 Interest 922 Series 2004, G.O. Refunding Bonds 65101 Principal 65102 Interest 911 64303 County Treasurer Fees 65103 Fiscal Agent Fees 60000 TOTAL EXPENDITURES NET SOURCE (USE) OF FUNDS FUND BALANCES, Beginning of Year FUND BALANCES, End of Year $ 742,516 $ 734,450 $ 732,740 $ 735,992 5,176 - 30 - 1,007 - 673 - 748,699 734,450 733,443 735,992 27,374 25,000 25,000 25,000 615,107 591,552 591,552 587,988 615,107 591,552 591,552 587,988 1,391,180 1,351,002 1,349,995 1,348,980 465,000 490,000 490,000 515,000 79,790 56,540 56,540 31,550 5,000 - - 242 - - _ 330,000 340,000 340,000 350,000 150,135 136,935 136,935 123,165 76,250 78,750 78,750 82,500 64,222 60,867 60,867 57,323 35,000 40,000 40,000 40,000 128,073 128,073. 128,073 128,073 14,975 6,448 14,837 5,000 14,837 6,500 14,869 6,500 1,355,135 1,351,002 1,352,502 1,348,980 36,045 606,403 - 625,903 (2,507) 642,448 - 639,941 $ 642,448 $ 625,903 $ 639,941 $ 639,941 Section II, Page 18 MUNICIPAL SERVICES AMD Debt Service Fund #33 Fund Summary Original or Final Prev. Amend. Revised Proposed Account Actual Budget Budget Budget Number Description 2006 2007 2007 2008 REVENUES Taxes: 51101 Property Tax - Current 51102 Property Tax - Delinquent 51103 Property Tax - Interest & Penalties 51000 Total Taxes Investment Earnings: 57101 Interest 50000 TOTAL REVENUES EXPENDITURES AND OTHER USES Debt Service: 913 Series 2001, G.O. Refunding Bonds: 65101 Principal 65102 Interest 65103 Fiscal Agent Fees 64303 County Treasurer Fees 60000 TOTAL EXPENDITURES NET SOURCE (USE) OF FUNDS FUND BALANCES, Beginning of Year FUND BALANCES, End of Year $ 486,090 $ 482,687 $ 480,654 $ 486,606 726 - 22 - - - 499 - 486,816 482,687 481,175 486,606 486,816 482,687 481,175 486,606 385,000 400,000 400,000 420,000 81,660 66,060 66,060 49,860 150 2,000 488 2,000 14,606 14,627 14,627 14,746 481,416 482,687 481,175 486,606 5,400 - - 44,233 44,233 49,633 49,633 $ 49,633 $ 44,233 $ 49,633 $ 49,633 Section II, Page 19 MUNICIPAL SERVICES Transit Enterprise Fund #52 Section II, Page 20 Fund Summary Original or Final Prev. Amend. Revised Proposed Actual Budget Budget Budget 2006 2007 2007 2008 REVENUES Intergovernmental $ - $ 998,279 $ 680,000 $ 277,857 Charges for Services 1,166,800 1,197,422 1,210,979 1,376,272 Other Revenues (2,548) - - - Total Operating Revenues 1,164,252 2,195,701 1,890,979 1,654,129 Other Sources Sale of Fixed Assets 7,470 8,000 8,000 6,000 Transfers In from General Fund - Operating 970,000 1,032,000 1,207,000 1,471,000 Transfers In from General Fund - Capital 90,000 240,000 108,000 70,000 Total Other Sources 1,067,470 1,280,000 1,323,000 1,547,000 TOTAL REVENUES 2,231,722 3,475,701 3,213,979 3,201,129 EXPENDITURES Transportation 2,035,141 3,564,848 3,304,147 3,200,622 TOTAL EXPENDITURES 2,035,141 3,564,848 3,304,147 3,200,622 NET SOURCE (USE) OF FUNDS 196,581 (89,147) (90,168) 507 FUND BALANCES, Beginning of Year 97,922 292,885 294,503 204,335 FUND BALANCES, End of Year $ 294,503 $ 203,738 $ 204,335 $ 204,842 Section II, Page 20 MUNICIPAL SERVICES Transit Enterprise Fund #52 Revenue Detail Other Sources: Charges for Services: Original or Final 59101 Sale of Fixed Assets 7,470 Prev. Amend. Revised Proposed Account 970,000 Actual Budget Budget Budget Number Description 2006 2007 2007 2008 64,643 Intergovernmental: 61,000 66,500 54503 Regional Transit Authority Federal Grants: - - - 53104 FTA Grant - 998,279 680,000 277,857 - 53000 Total Intergovernmental - 998,279 680,000 277,857 Other Sources: Charges for Services: 59101 Sale of Fixed Assets 7,470 Transportation: 8,000 6,000 59201 Transfers In from General Fund - Operating 970,000 54501 Beaver Creek Bus System 926,483 1,093,264 1,112,061 1,275,368 54502 Charter 64,643 66,240 61,000 66,500 54503 Regional Transit Authority 100,000 - - - 54505 Vail Resorts 50,000 - - - Employee Housing: . 54551 Rental Revenues - Employees 25,674 37,918 37,918 34,404 54000 Total Charges for Services 1,166,800 1,197,422 1,210,979 1,376,272 Other Revenues: 58999 Miscellaneous Nonclassified Revenues (2,548) - - - 58000 Total Other Revenues (2,548) - - - Other Sources: 59101 Sale of Fixed Assets 7,470 8,000 8,000 6,000 59201 Transfers In from General Fund - Operating 970,000 1,032,000 1,207,000 1,471,000 59201 Transfers In from General Fund - Capital 90,000 240,000 108,000 70,000 59000 Total Other Sources 1,067,470 1,280,000 1,323,000 1,547,000 50000 TOTAL REVENUES $ 2,231,722 $ 3,475,701 $ 3,213,979 $ 3,201,129 Section II, Page 21 MUNICIPAL SERVICES Fleet Maintenance Enterprise Fund #61 FUND BALANCES, Beginning of Year Fund Summary 521,450 567,079 597,088 FUND BALANCES, End of Year $ 567,079 $ Original or Final 604,496 Prev. Amend. Revised Proposed Actual Budget Budget Budget 2006 2007 2007 2008 REVENUES Charges for Services $ 2,021,709 $ 2,142,022 $ 2,173,626 $ 2,286,834 Other Revenue 4,874 - 1,214 - Total Operating Revenues 2,026,583 2,142,022 2,174,840 2,286,834 Other Sources Sales of Fixed Assets 1,634 - - - Capital Lease Proceeds 39,085 - - - Operating Transfers -in 160,000 160,000 160,000 160,000 Total Other Sources 200,719 160,000 160,000 160,000 TOTAL REVENUES 2,227,302 2,302,022 2,334,840 2,446,834 EXPENDITURES Public Works: Fleet Maintenance 1,965,263 2,063,394 2,194,120 2,322,831 Washbay 68,519 110,711 110,711 116,595 TOTAL EXPENDITURES 2,033,782 2,174,105 2,304,831 2,439,426 NET SOURCE (USE) OF FUNDS 193,520 127,917 30,009 7,408 FUND BALANCES, Beginning of Year 373,559 521,450 567,079 597,088 FUND BALANCES, End of Year $ 567,079 $ 649,367 $ 597,088 $ 604,496 Section II, Page 22 MUNICIPAL SERVICES Fleet Maintenance Enterprise Fund #61 Revenue Surnrnary Original or Final Prev. Amend. Revised Proposed Account Actual Budget Budget Budget Number Description 2006 2007 2007 2008 59000 Charges for Services: 200,719 58205 Insurance Reimbursements 2,868 - 1,214 - 54806 3rd Party Fleet Maintenance Charges $ 1,368,172 $ 1,447,793 $ 1,475,906 $ 1,562,021 54901 Departmental Fleet Maintenance Chrgs 506,611 524,520 547,102 582,782 54902 Wash Bay Charges 72,284 99,709 75,618 67,031 54903 Sales of Fuel 74,642 70,000 75,000 75,000 54000 Total Charges for Services 2,021,709 2,142,022 2,173,626 2,286,834 59000 Other Revenues: 200,719 58205 Insurance Reimbursements 2,868 - 1,214 - 58999 Miscellaneous Nonclassified Revenues 2,006 - - - $ 2,302,022 58000 Total Other Revenues 4,874 - 1,214 - Other Sources: 59101 Sales of Fixed Assets 1,634 - - - 59303 Capital Lease Proceeds 39,085 - - - 59201 Operating Transfers -In 160,000 160,000 160,000 160,000 59000 Total Other Sources 200,719 160,000 160,000 160,000 50000 TOTAL REVENUES $ 2,227,302 $ 2,302,022 $ 2,334,840 $ 2,446,834 Section II, Page 23 MUNICIPAL SERVICES Fleet Maintenance Enterprise Fund #61 Revenue Detail Original or Final 54901 Prev. Amend. Revised Proposed Account Actual Budget Budget Budget Number Description 2006 2007 2007 2008 Charges for Services: 3rd Party Fleet Maintenance Charges 54806 Beaver Creek Bus System 54806 Vail Resorts Dial -a -Ride 54806 Beaver Creek Maintenance 54806 Smith Creek Maintenance 54806 Eagle County Transit 54806 Eagle River Fire Protection District 54806 Eagle County Ambulance District 54806 Eagle River Water & Sanitation District 54806 Town of Minturn 54806 Town of Redcliff 54806 Western Eagle County Ambulance Dist 54806 Total 54901 Total $ 369,642 $ Departmental Fleet Maintenance Charges 54901 Nondepartmental - Motor Pool Car 54901 Comm Dev - Building Inspection 54901 Police - Administration 54901 Police - Patrol 54901 Police - Investigations 54901 Engineering 54901 Public Works - Roads and Streets 54901 Public Works - Facilities Maintenance 54901 Public Works - Parks 54901 Recreation - Administration 54901 Transit - Operations 54901 Fleet Maintenance 54901 Equipment Replacement Fund 54901 Total $ 369,642 $ 318,171 $ 469,579 $ 496,977 510,106 553,637 598,884 633,827 107,025 161,809 60,183 63,695 45,614 53,238 24,009 25,410 8,643 9,137 8,464 8,958 102,013 151,738 109,648 116,046 33,793 42,466 48,302 51,121 175,471 142,513 123,674 130,890 8,308 8,158 8,278 8,761 - - 2,493 2,637 7,557 6,926 22,392 23,699 1,368,172 1,447,793 1,475,906 1,562,021 1,206 213 1,062 1,131 1,729 6,070 981 1,045 4,327 2,696 2,696 2,872 32,890 43,687 60,071 63,989 725 561 1,598 1,702 2,934 692 2,934 3,125 154,969 170,826 147,199 156,799 6,094 12,763 5,979 6,369 55,497 40,772 56,211 59,877 2,308 3,615 3,615 3,851 224,087 211,819 254,302 270,887 15,116 13,771 5,725 6,098 4,729 17,035 4,729 5,037 506,611 524,520 547,102 582,782 Section 11, Page 24 MUNICIPAL SERVICES Fleet Maintenance Enterprise Fund #61 Section II, Page 25 Revenue Detain Original or Final Prev. Amend. Revised Proposed Account Actual Budget Budget Budget Number Description 2006 2007 2007 2008 Charges for Services - Continued: Washbay Charges: 54902 Administration 468 496 992 1,040 54902 Comm Dev - Building Inspection 936 992 992 1,040 54902 Police - Administration 468 496 496 520 54902 Police - Patrol 3,744 3,969 3,969 5,200 54902 Police - Investigations 468 496 496 520 54902 Public Works - Engineering 858 992 992 1,040 54902 Public Works - Roads and Streets 7,008 7,428 7,428 7,654 54902 Public Works - Facilities Maintenance 416 992 992 1,040 54902 Public Works - Parks 6,768 7,174 7,174 6,574 54902 Recreation - Administration 936 992 992 1,560 54902 Transit - Operations 13,290 14,087 14,087 15,983 54902 Fleet Maintenance 1,404 1,488 1,488 1,560 54902 Beaver Creek Bus System 35,520 60,107 35,520 23,300 54902 Total 72,284 99,709 75,618 67,031 Section II, Page 25 MUNICIPAL SERVICES Equipment Replacement Internal Service Fund #63 Section II, Page 26 Fund Summary Original or Final Prev. Amend. Revised Proposed Actual Budget Budget Budget 2006 2007 2007 2008 REVENUES Charges for Services $ 505,103 $ 524,673 $ 524,673 $ 621,491 Total Operating Revenues 505,103 524,673 524,673 621,491 Other Sources Sales of Fixed Assets 17,165 35,000 86,272 15,000 Capital Lease Proceeds - 336,000 336,000 - Total Other Sources 17,165 371,000 422,272 15,000 TOTAL REVENUES 522,268 895,673 946,945 636,491 EXPENDITURES Debt Service: 2007 Master Lease - - - 57,395 Capital Outlay: Fleet and Heavy Equipment 131,539 553,800 565,432 261,154 Recreation Center Equipment 43,925 187,004 187,004 344,060 Computer and Office Equipment 26,558 125,551 129,748 31,009 TOTAL EXPENDITURES 202,022 866,355 882,184 693,618 NET SOURCE (USE) OF FUNDS 320,246 29,318 64,761 (57,127) FUND BALANCES, Beginning of Year 1,299,519 1,514,718 1,619,765 1,684,526 FUND BALANCES, End of Year $ 1,619,765 $ 1,544,036 $ 1,684,526 $ 1,627,399 Section II, Page 26 MUNICIPAL SERVICES Equipment Replacement Internal Service Fund #63 Account Number Description Revenue Detail Actual 2006 Original or Prev. Amend. Budget 2007 Final Revised Budget 2007 Proposed Budget 2008 Charges for Services: Equipment Rental Charges 54904 Town Clerk $ 475 $ 475 $ 475 $ 673 54904 Town Manager 499 499 499 706 54904 Finance 3,455 7,379 7,379 598 54904 Information Systems 22,682 27,791 27,791 54,655 54904 Nondepartmental 10,840 9,880 9,880 6,017 54904 Comm Dev - Administration 1,820 1,820 1,820 1,932 54904 Comm Dev - Building Inspection 2,400 5,948 5,948 5,948 54904 Police - Administration 10,642 16,746 16,746 7,400 54904 Police - Patrol 90,498 79,516 79,516 125,781 54904 Police - Investigations 8,751 8,751 8,751 8,752 54904 Engineering 3,301 3,301 3,301 3,301 54904 Public Works - Administration - - - 1,200 54904 Public Works - Roads and Streets 121,397 131,523 131,523 142,418 54904 Public Works - Facilities Maintenance 2,400 2,400 2,400 2,400 54904 Public Works - Parks 80,420 92,703 92,703 89,191 54904 Transit 1,200 2,400 2,400 9,085 54904 Fleet Maintenance 1,200 1,200 1,200 10,551 54904 Recreation - Special Events - 3,877 3,877 4,612 54904 Recreation - Administration 4,733 4,733 4,733 8,143 54904 Recreation - Aquatics 30,173 28,639 28,639 35,373 54904 Recreation - Fitness 53,831 51,884 51,884 47,250 54904 Recreation - Front Desk 854 854 854 854 54904 Recreation - Maintenance 42,706 39,750 39,750 52,494 54904 Recreation - Cabin 10,826 2,604 2,604 2,157 54000 Total Charges for Services 505,103 524,673 524,673 621,491 Other Sources: 59101 Sale of Fixed Assets 17,165 35,000 86,272 15,000 59303 Capital Lease Proceeds - 336,000 336,000 - 59000 Total Other Sources 17,165 371,000 422,272 15,000 50000 TOTAL REVENUES $ 522,268 $ 895,673 $ 946,945 $ 636,491 Section II, Page 27 TOWN OF AVON DETAILED BUDGET REQUESTS 2008 Department: NIA Program: Fleet and Heavy Equipment #811 Account 2008 Number Account Name Budget Justification EQUIPMENT REPLACEMENT: Fleet and Heavy Equipment Public Works - Parks: Skidsteer (2), Replacements for Units #120 and 122 64,754 ATV, Replacement for Unit #280S 8,500 Zamboni, Replacement for Unit # 151 10,000 Public Works - Streets and Roads: Pressure Washer, Replacement for 66499 Other Machinery and Equipment 91,654 Unit #222 8,400 Police Dept - Patrol: Chevrolet Tahoes (3), Replacement for Units #321, #322, and #325 120,000 Public Works - Parks: Crew Cab PU, Replacement for Unit #62 for Unit #62 26,000 Recreation: 15 Pass. Chevrolet Van, Replacement 66501 Automobiles and Light Duty Trucks 169,500 for Unit #451 23,500 66000 Total Capital Outlay 261,154 Section II, Page 28 TOWN OF AVON DETAILED BUDGET REQUESTS 2008 Department: N/A Program: Recreation Equipment#812 Account 2008 Number Account Name Budget Justification EQUIPMENT REPLACEMENT: Recreation Center Aquatics: Water Feature Replacement - Frog $ 6,500 Pool Re -plastering 120,000 Maintenance: Replacement of Roof Top HVAC Units #1, #2, EF#3, & AHV#1 110,000 66202 Building improvements $ 239,500 Building Automation System 3,000 Special Events: Soundboard 1,800 Maintenance: Scrubber 8,500 Fitness: Personal Viewing Screen Replacements (7) 7,000 Flat Screen LCDs w/ Arms (3) 5,000 Eliptical Machines (9) 32,200 LeMond RevMaster Bikes (3) 2,700 Stairclimbers / Stepmills (5) 13,060 Treadmills (7) 32,300 Cabin: 66407 Athletic and Recreational Equipment 104,560 Paddleboats (2) 2,000 66000 Total Capital Outlay $ 344,060 Section II, Page 29 TOWN OF AVON DETAILED BUDGET REQUESTS 2008 Department: NIA Program: Computers and Office Equipment#813 Account 2008 Number Account Name Budget Justification EQUIPMENT REPLACEMENT: Computers and Office Equipment Information Systems: Public Works Server Replacement 14,520 Application Server 13,118 APC Rack Mount Smart -UPS 3,691 Police Patrol: 66402 Computers and Peripherals 31,009 Panasonic Toughbook Replacement (3) 14,200 66000 Total Capital Outlay 31,009 Section II, Page 30