Financial Information


2017 Budget

The District approved the budget for fiscal year 2017 on December 8, 2016. The District is required to approve a balanced budget. The budget for 2017 anticipates $9,756,155 in revenues and $12,891,155 in expenditures.
The District has two operating funds: The General Fund pays for general overhead (personnel, office expenses, public works, landscape, street and storm drainage maintenance expenses and snow removal). The supporting revenues are derived from property taxes. The General Fund represents about 57% of the total budget.
The Enterprise Fund pays the expenses related to providing water treatment and distribution and sanitary sewer collection services to Castle Pines Village. The supporting revenues for the Enterprise Fund are derived from the user fees charged to property owners each month (the water and sewer bills). The Enterprise Fund represents about 43% of the total budget.

The District’s total mill levy remains at 33.834 mills for property taxes – the same rate since 2001. Property taxes are assessed, collected and distributed by the Douglas County Assessor.

The 2017 Budget:

  • Retained the same total mill levy (tax rate) since 2001 – 33.834 mills
  • No increase in water rates for 2017
  • The budget includes funding for the design & construction of a 2MG Water Storage Tank.  This tank will provide additional water storage for peak day demands, operation necessities, and flexibility for maintenance.  The District anticipates completion of this project in 2018.
  • Continue to staff for and fund all of the services that the District currently provides to Castle Pines Village – water treatment and distribution, sanitary sewer collection, roadway maintenance, storm drainage maintenance, and contract landscape maintenance services for the Homes Association.

If you would like a copy of the 2017 Budget, please contact Sue Mantz or Jeff Coufal at (303) 688-8330. The 2017 Budget is also an attachment listed below.

Taxes
The Board certified a property tax mill levy of 33.834 mills (same since 2001). This means that 3.3834% of a property owner’s taxes will be paid to the Metro District to support its operations.
Here’s how it works: market value x 7.96% = assessed value. Assessed value x 33.834 mills = property tax dollars paid to the District – or – $500,000 market value x 7.96% = $39,800 assessed value x 33.834 mills = $1,347 tax dollars to the District.

You can access the link below to the Douglas County Assessor’s website, type in your last name or house number, and find the tax information specific to your property.

http://www.douglas.co.us/assessor/

Any questions? Contact Us.

 

ATTACHMENTS

 

 

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