Category: District Updates
The Castle Pines Metropolitan District (District) approved the budget for the fiscal year 2021 on December 14, 2020. At the December 10, 2020, regular meeting, the Board of Castle Pines Metropolitan District held a public hearing to receive comments on the proposed 2021 budget. The budget anticipates $12,278,307 in revenues and $13,818,877 in expenditures during the January 1 – December 31 fiscal year. The Disctrict has two operating funds in its budget:
The general fund (51% of the budget) – receives the majority of its revenues from the District’s property taxes (33.834 mills) and funds the District’s street repair and maintenance services (including snow removal and sanding), right-of-way landscape
maintenance services (including the contract landscape maintenance services provided to the Homes Association), right-of-way storm drainage maintenance services, and any related capital expenses.
The enterprise fun (49% of the budget) – derives its revenues from the monthly water, sewer, stormwater, and capital improvement fees, as well as a contribution from the general fund. The enterprise fund pays for the District’s water production, treatment and distribution services, water facility repair and maintenance, sanitary sewer collection and maintenance services, stormwater maintenance, and any related capital expenses.
The District’s total mill levy remains at 33.834 mills of property taxes – the same rate since 2001. Property taxes are assessed, collected, and distributed by the Douglas County Assessor. If you have any questions or would like a copy of the budget, please contact Burt Knight or Sue Mantz at 303-688-8330. The budget may also be downloaded using the link below.