2010 Budget

The District approved the budget for fiscal year 2010 on December 10, 2009. The District is required to approve a balanced budget. The budget for 2010 anticipates $9,554,603 in revenues and $8,759,048 in expenditures.

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 42% 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 41% of the total budget.

The Debt Service Fund pays off the District's existing general obligation bond indebtedness. The source of revenue for this fund are property taxes paid by all property owners. This fund represents around 17% of the 2010 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 2010 Budget: 

• Retained the same total mill levy (tax rate) since 2001 - 33.834 mills

• Increased the water usage rates as adopted by the Board on November 19, 2009, to off-set increased electrical costs 

• Funding for two roundabouts to be designed and constructed on Happy Canyon Road.  The objective of installing the roundabouts is to calm the traffic flow and to avoid installation of stop lights.

• 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 2010 Budget, please contact Sue Mantz or Paul Dannels at (303) 688-8330.  The 2010 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.