Summit County Recommended 2022 Budget - Oct. 12, 2021
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Summit County
Recommended 2022 Budget
Oct. 12, 2021
• Marty Ferris • BOCC
• Elected Officials
• David Reynolds
• Department Directors
• Finance Staff
• Community Advisory
• Bentley and Sarah Budget Committee
Summit County Vision
Develop and implement
policies and programs that
effectively address and support
and balance the affordability,
sustainability, and livability of
our dynamic and diverse
community.
Budget Guidelines/Instructions • Use 2021 budget as base for 2022 • Provide departmental goals that reinforce BOCC strategic plan • Revenue estimates: o 5% increase in sales tax o Fees – flat or slight increases, with one exception o Property taxes – 8.5% increase in valuation for 2022 budget year • Evaluate your programs and the value they bring to the community • Look for efficiencies your department found during COVID and which should continue into 2022
Community Advisory Budget Committee
• Members
o Bruce Butler, Chris
Dorton, Jeff Erwin, Matt
Hanson, Debbie Higgs,
Peggy Hiller, Lucy Kay,
Carime Lee, Dave Zaitz
• Educational for everyone
• Recognize the challenges
• Salary and benefits
This Photo by Unknown Author is licensed under CC BY-NC
• Balanced budget
o Shirts must meet the pants
General Fund Revenues
Licenses & Permits Misc. Revenue Investment Earnings
$3,014,000 $2,288,623 $400,000
5.16% 3.92% 0.69%
Charges for Services
$9,083,919
Property Taxes
15.56%
$23,032,013
39.45%
Grant Revenue
$9,682,177
16.59%
Sales & Other Taxes
$10,875,000
18.63%
Budget Assumptions: Revenues
General Fund Revenues - $58.4M
• Property Taxes $3,014,000
$400,000
o A property tax is an ad valorem tax on $9,083,919
the value of a property $10,875,000
o 7.15% residential; 29% commercial $9,682,177
o Summit County assessed valuation is
$2.45 billion
o General Fund – 10.022 mills $2,288,623
o 8.5% increase in valuation $23,032,013
o General Fund increase ≈ $765,000
Charges for Services - 15.6%
o Strong Future increase ≈ $850,000
Grant Revenue - 16.6%
o Property taxes account for 39.45% of
Misc. Revenue - 3.9%
2022 GF revenue – $23M
Property Taxes - 39.5%
Sales & Other Taxes - 18.6%
Licenses & Permits - 5.2%
Investment Earnings - 0.7%
Budget Assumptions: Revenues
General Fund Revenues - $58.4M
• Charges for Service $400,000 $9,083,919
$3,014,000
o Includes fees for Planning,
Engineering, Clerk & Recorder, $10,875,000
Treasurer, Animal Control, Public
Health, Sheriff, Jail, Community $9,682,177
Center, Assessor, Elections, and
several internal fees (e.g., Finance, $2,288,623
$23,032,013
Facilities Maintenance)
o Fees are budgeted to increase 6% Charges for Services - 15.6%
in the 2022 budget: $450K Grant Revenue - 16.6%
o Charges for Service: 15.6% of GF Misc. Revenue - 3.9%
revenue ($9.1M) Property Taxes - 39.5%
Sales & Other Taxes - 18.6%
Licenses & Permits - 5.2%
Investment Earnings - 0.7%
Budget Assumptions: Revenues
• Sales Taxes General Fund Revenues - $58.4M
$10,875,000 $3,014,000
$400,000 $9,083,919
o 2% countywide - retained by
Summit County only in
unincorporated areas
o 5% increase from 2021 $9,682,177
projection: $208,000
o 2021 sales taxes are projected to $2,288,623
be up 17.5% from 2019 actual: $23,032,013
$1,170,000 and up 32.5% from
2020 actual: $1,930,000 Charges for Services - 15.6%
o Sales tax accounts for 13.8% of Grant Revenue - 16.6%
the GF revenue: $8.1M Misc. Revenue - 3.9%
o Nicotine tax is projected to grow Property Taxes - 39.5%
4% in 2022. Sales & Other Taxes - 18.6%
§ SCG portion of $2.8M is $280k/10% Licenses & Permits - 5.2%
Investment Earnings - 0.7%
Budget Assumptions: Revenues
• Intergovernmental General Fund Revenues - $58.4M
$3,014,000 $400,000
revenue $9,083,919
$10,875,000
o This category encompasses all
our operating grants
$9,682,177
o Increase of $180K over 2021
projected
$2,288,623
o Increase of $3M over 2020
$23,032,013
budget due to ARPA funding
o Includes only grants for which Charges for Services - 15.6%
we have been funded, not any Grant Revenue - 16.6%
potential grants Misc. Revenue - 3.9%
Property Taxes - 39.5%
o Grants are 16.6% of the GF Sales & Other Taxes - 18.6%
revenue: $9.7M Licenses & Permits - 5.2%
Investment Earnings - 0.7%Budget Assumptions: Revenues
General Fund Revenues - $58.4M
$400,000
• Miscellaneous revenue $3,014,000
o This includes administrative fees to $9,083,919
enterprise funds, rental income, sales $10,875,000
of assets, inter-fund transfers and
donations $9,682,177
o Miscellaneous revenue accounts for
3.9% of the GF revenues: $2.3M
• Interest income $23,032,013
o Decrease to $400,000 which is 0.7%
Charges for Services - 15.6% $2,288,623
of GF revenue
Grant Revenue - 16.6%
Misc. Revenue - 3.9%
Property Taxes - 39.5%
Sales & Other Taxes - 18.6%
Licenses & Permits - 5.2%
Investment Earnings - 0.7%Budget Assumptions: Revenues
General Fund Revenues - $58.4M
• Licenses & Permits $3,014,000 $400,000
o Licenses and permits includes all $9,083,919
Building Inspection revenues and $10,875,000
Animal Control licenses
$9,682,177
o Building Inspection permits for
2021 are projected to be the
same as 2020 actuals. $2,288,623
$23,032,013
o We are projecting 2022 to be
3.2% lower than 2021 Charges for Services - 15.6%
projections Grant Revenue - 16.6%
o Licenses & Permits are 5.2% of Misc. Revenue - 3.9%
the GF revenue - $3M Property Taxes - 39.5%
Sales & Other Taxes - 18.6%
Licenses & Permits - 5.2%
Investment Earnings - 0.7%Operating Expense Increases • Communications Department o 2 staff members o Contract services o Misc. operating expenses • Information Systems o Office 365 software • Elections o General Election 2022 • Summit Economic Partnership
Operating Expense Increases
• District Attorney
o 10% increase due to SB217 unfunded mandates
• Sheriff
o Body and dash camera maintenance and
replacement
• SMART and STARR
o 2 additional teams in 2021 carrying into 2022,
partially grant funded
o New Jail Based BH program – partial grant funding
• Planning
o County comprehensive plan consultantStrong Future programs • $2.8 million reserve drawdown o $1.9M for Silverthorne childcare facility o $90K for Summit Pre-K program o $700,000 for Recycling o $132,000 for Wildfire
Salary/Employee Benefits
• Salary
o Base merit adjustment – July 1
2022
o Lump sum bonus
o New positions within the
recommended budget
§ Emergency Mgmt -Logistics
Section Chief
§ Sheriff-Spc. Ops Technician
§ Risk & Safety Coordinator
§ Legislative & Policy Analyst
§ Assistant County Manager
§ Assessor Admin Support II
§ 8 reclassed/promoted
positionsSalary/Employee Benefits
• Health Insurance
o Projected 15% increase in
claims over 2021 original
budget
o 10% premium increase
recommended for employees
and a 15% increase for
employer
o Plan design changes
recommended
This Photo by Unknown Author is licensed under CC BY-SA
o 2021 projected fund balance
$2.5M
§ Target fund balance is 3
mo. operating or $2.4MTransfers to Other Funds
• 911 Operations
o $385,612
o 911 dispatching services
• Affordable Housing
o $2,875,000
o Justice Center, USFS Property,
Lake HillFund Balance: General Fund
• 2021 ending fund balance
projection: $44,587,088
o $3.3M over 2020 actual
• 2022 ending fund balance
projection: $41,789,904
o $2.8M under 2021
projected
• Long-term projections
o Fund balance will decrease
over the next 4 years
remains above our target
fund balanceSpecial Revenue Funds • Road & Bridge, Library, Social Services,Transit, Open Space and Trails, 911 Center, Early Childhood, several other smaller funds • Road & Bridge Fund: $3.3M for capital road projects o 5-year avg. for road construction has been $3.3M • Open Space Funds: o Open Space purchases – $1.6M
Special Revenue Funds • Affordable Housing Fund and 2010 Fund housing projects o STR-LTR Incentive program o Lake Hill entitlements o USFS property design & roundabout o Hotel to Condo hotel lease/buy o Buy-down o Deed-purchase programs o ADU grant program o Development Code Audit o Wintergreen II contribution o Justice Center parcel development
2010 Fund
• Year One of renewal
• Original Allocations
o Open Space Fund – 44%
§ $2.6M, now $3.29M
o Forest management – 8%
§ $500k, now $632k
o Energy Eff in public fac – 2.5%
§ $150k, now 189k
o Recreation pathways – 3.5%
§ $200k, now $253k
o Affordable Housing and lands for
other public purposes – 17%
§ $1M, now $1.267MEnterprise Funds
• Snake River Sewer Fund
o $1.5M denitrification project
o $125,000 parking lot overlay
o $70,000 collection line cleaning
inspection
o $50,000 replacement pickup
o $30,000 server, control panel, catwalk
• Solid Waste Fund
o $1.6M Single stream transfer facility
o $1.5M scale house/admin space
o $1.22M Loader, hook lift, trommel,
trailer, forklift, 2 pickups
o $175,000 – MRF garage doorsCapital Expenditures
• North branch expansion
o Partner with Library Foundation
• Justice Center ADA and remodel projects
• Search & Rescue Storage and Training Facility
o Partner with Summit County Rescue Group
• Community & Senior Center – Design
o Partner with Seniors Inc.
• Commons wayfinding signage
• Shooting range noise mitigation project
• Security Assessment implementation
• Strong Future childcare center design & construction
o Partner with Town of SilverthorneCapital Expenditures • IT hardware and software: $280,853 • Vehicle replacements: $450,000 • Sheriff/Jail equipment: $505,299 • Facilities projects: $970,883
Capital Expenditures
• R&B capital: $550,000
o Grader and Pickup replacements
o Refurbish plow truck
• R&B construction: $3,477,000
o Heeney Road
o Sunlight Dr, Cooper Dr, Stoner Dr,
Meadow Wood Dr (Summit Cove area)
• Transit capital: $2,338,670
o One electric and one diesel bus
o Transit Ops Center design
o Remodel employee housing unitsSuggested Deeper Dives
• Housing
• Transit
• Road & Bridge
• Solid Waste
• Strong Future
• 2010 Fund
• Elected Offices
• Capital Projects
• Non-profit support
• Health Insurance
• 5-year Projections
• Future Revenue OptionsOverall County Budgeted Expenses } 2022 total County expenses: $141.2M (compared to 2021 total County expenses: $116.9M) Transfers between funds are not included Fund Type 2022 2021 General $52.3M $46.6M Special Revenue $49.1M $43.8M Enterprise $11.2M $6.7M Capital $14.7M $7.6M Internal Service $13.9M $12.1M
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