2014 Budget in Brief

The Garfield County 2014 Adopted Budget is the result of a six-month process that included internalreview meetings, workshops, and public hearings involving Elected Officials, Department Heads, and theBoard of County Commissioners. Adopted on December 9, 2013, in conformity with the LocalGovernment Budget Law of Colorado, the budget complies with generally accepted accountingprinciples and all relevant statutes.The budget is a financial plan allocating resources strategically to reflect your policy directives and thoseof the Elected Officials of Garfield County, within the constraints of available resources. The planprovides adequate funding to continue current levels of operations with a focus on effective andefficient management, enhancement of services, and maintenance and replacement of capital assets, asneeded.

BUDGET-IN-BRIEF 2014APPROPRIATION OF FUNDS…………….…………………………………………………………………………………………The Garfield County 2014 budget appropriates $126,770,630 in funding as follows: FUND Appropriation GENERAL PUBLIC HEALTH $48,037,434 ROAD & BRIDGE 2,852,653 HUMAN SERVICES COMMUNITY EVENTS 35,194,191 CONSERVATION TRUST 24,009,168 AIRPORT CLERK & RECORDER EFTF 471,583 LIVESTOCK AUCTION 114,000 COMMISSARY 1,666,773 RETIREMENT OIL & GAS MITIGATION 17,385 CAPITAL EXPENDITURES 578,000 TRAVELER'S HIGHLAND PID SOLID WASTE DISPOSAL 65,000 MOTOR POOL 1,308,936 TOTAL APPROPRIATION 2,646,514 6,510,702 72,400 1,385,297 1,840,284 $126,770,360Expenditures by Type:*Net of interfund transfers of $2,390,000 Operating Capital $88,881,268 $30,987,578 71% 25% Discretionary $4,511,514 4%Opera ng revenues are $95,432,571 and exceed opera ng expenditures by 7%, therefore the opera ng budget is in theposi ve and balanced.Garfield County, Colorado Page | 1

2014 BUDGET-IN-BRIEFFUNDING COUNTY SERVICES……………………………………………………………………………………………………….Funding for Garfield County and the services it provides to residents comes from many sources, the majority from taxes andother governments (federal and state).Revenues by Source: Total $101,193,908 Charges for Services Intergovernmental $8,549,487 Fines and $33,233,185 8% Forfeitures 33% $115,500 Contributions Taxes $1,577,314 0% $53,125,163 2% Investment 52% Earnings $705,269 1% Miscellaneous Licenses and Revenue Permits $3,632,990 $255,000 4% 0%Tax Revenues by Type: Total $53,125,163 Sales Tax $10,000,000, 19% Property Tax Specific $39,600,163 Ownership 74% Tax $2,702,000 Other 5% $823,000 2%Millage Rates and Property Tax Revenues by County Fund: FUND $ AMOUNT % MILL GENERAL $17,239,698 43.61 5.955 ROAD & BRIDGE 21.97 3.000 HUMAN SERVICES $8,684,986 1.250 CAPITAL $3,618,744 9.15 3.000 RETIREMENT $8,684,986 21.97 0.450 TOTAL $1,302,748 13.655 $39,531,162 3.30 100The levy for Travelers Highland Public Improvement District is 50 mills, and its property tax revenue is budgeted at $69,001.Traveler’s Highland PID is considered a component unit of Garfield County and is therefore included in the budget andfinancial statements.Page | 2 Garfield County, Colorado

BUDGET-IN-BRIEF 2014YOUR DOLLAR AT WORK………………………………………………………………………………………………...Garfield County provides a full range of services, including public safety, public works, health and welfare, recrea onal andcultural events and general government services.Budget by FuncƟon:Public Safety Public Works Culture and $23,003,663 $39,887,770 Recreation $1,637,196 18% 32% 1%Health and General Welfare Government $33,235,191$27,155,734 22% 27%Public Works 32¢ General Government 27¢• Construc on and maintenance of the County’s road • Services provided by the offices of Elected officials – and bridge system Board of County Commissioners, Assessor, Clerk and Recorder, Treasurer, Public Trustee, and Surveyor• Opera ons and capital improvements of the Rifle- Garfield County Airport • Services provided by administra ve departments and offices – County Manager, County A orney, Community• Vegeta on management program including weed and Development, Communica ons, Facili es Management, pest control and tamarisk removal Finance, Human Resources, Informa on Technology and Procurement including those to other func ons of• Construc on and maintenance within the Travelers government Highland Public Improvement District • Grants, including those to municipali es for• Construc on of trails infrastructure improvements and non-profits• LandfillHealth and Welfare 22¢ Public Safety 18¢• Programs provided by the department of Human • Law enforcement services and facili es provided by the Services such as: child welfare and adult protec on, Sheriff’s Office including the County jail, patrol, economic security, child care quality and licensing, inves ga ons, animal control and emergency senior programs and child support enforcement management• Programs provided by the Public Health Department • Services provided by the 9th Judicial District A orney’s such as LiveWell, air quality monitoring, vaccina ons, Office of the State of Colorado dental care and other public healthcare • Criminal Jus ce Services including the communityCulture and RecreaƟon 1¢ correc ons facility• Agricultural and other educa onal programs provided by the Extension Service of Colorado State University• The annual County Fair and Rodeo and Junior Livestock Sale and Auc on• Other community events such as the Airport Fly-in and Energy SymposiumGarfield County, Colorado Page | 3

2014 BUDGET-IN-BRIEFCAPITAL………………………………………………………………………………………………………………………...The 2014 Budget includes 65 capital projects of the Mul -Year Capital Plan, totaling $30,987,578. The breakdown ofcapital expenditures by fund is as follows: Capital Expenditures by Fund Conservation Trust Road and Bridge 114,000 1% 22,403,000 72% Capital Airport Expenditures 870,886 6,510,702 3% 21% Solid Waste Motor Pool Disposal 695,000 393,990 2% 1%Key Capital Projects Capital Expenditures FundRoad and Bridge Fund • Fairgrounds improvements including a new covered warm up arena and stalls, a stage, locker room andConstruc on and maintenance of the following: improvements to the grandstands• CR300/Una Bridge• CR311/Divide Creek • Remodels of facili es in Glenwood Springs on Grand• Black Diamond Bridge/Four Mile Road Avenue and 8th Street• CR113 Ca le Creek Intersec on• CMC Intersec on • Roller/compactor, mini-excavator and animal sled for• CR109/Hardwick Road the fairgrounds• CR127/Three Mile Road• Ba lement Mesa drainages • Server farm upgrade for the Sheriff’s Office• CR137/Canyon Creek • Standardiza on of County so ware and computerMotor Pool equipment• 10 replacement vehicles in the Sheriff’s Office Airport Fund• 2 vans for Community Correc ons • Design and construc on of the airport’s taxiwayConservaƟon Trust Fund Solid Waste Disposal Fund• Trail construc on • Construc on of ponds at the LandfillPage | 4 Garfield County, Colorado

BUDGET-IN-BRIEF 2014FUND BALANCES……………………………………………………………………………………………………….…..Fund balances are the difference between assets and liabili es. The budget includes es mated and projected fund balancesfor the years ended 2013 and 2014 respec vely. Garfield County maintains healthy fund balances to ensure stable andquality levels of services to its customers in a vola le economy and assuring there is no need to return to taxpayers for taxor fee increases, or undertake any long-term financial obliga ons to fund strategic capital investments.Total Fund Balances – Five Year Trend:Millions $140 125 122 130 $120 112 104 $100 $80 $60 $40 $20 $0 Actual 2010 Actual 2011 Actual 2012 Estimated 2013 Budgeted 2014The es mated end of the year fund balance for 2013 is projected to increase by 6 percent over year-end 2012 and 25percent more than budgeted in 2013. This is due in large part to unfinished infrastructure projects. The comple on of theseprojects has been budgeted in 2014, and thus the fund balance is projected to decrease by 20 percent ending 2014 at$103,501,063.Fund Balances ClassificaƟon:Fund balances are classified as either non-spendable or spendable as follows: • Non-spendable – fund balance amounts that cannot be spent because it is not in a spendable form. • Spendable – fund balance amounts, which are restricted, commi ed, assigned or unassigned. All except the la er are constrained for specific purposes either by legisla on, external provider requirements or resolu on of the Board of the County Commissioners. Unassigned fund balance is not constrained or restricted by any of the above- men oned categories.At the beginning of 2013 the County had $39.9 million in unassigned fund balance, approximately 33% of the total. It ises mated that during 2014 the County will operate with a similar level of unassigned fund balance.Garfield County, Colorado Page | 5

FINANCE DEPARTMENT 108 8th Street, Suite 201 Glenwood Springs, CO 81601 970.945.7284www.garfield-county.com/finance