2008 Budget

The District approved the budget for fiscal year 2008 on December 13, 2007. The District is required to approve a balanced budget. The budget for 2008 is $8.5million.

The District has three operating funds: The General Fund pays for general overhead (personnel, office expenses, public works, landscape, street and storm drainage maintenance expenses). The supporting revenues are derived from property taxes. The General Fund represents about 26% 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 54% of the total budget.

The Debt Service Fund pays off the District's general obligation debt. The source of revenue for this fund are property taxes paid by all property owners. This fund represents around 20% of the 2008 budget.

Taxes
The Board certified a property tax mill levy of 33.834 mills (same as 2007). 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.

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