2021 PROPOSED BUDGET - thorntonco.gov · Fund Description Final Maturity Remaining Principal as of...

2021 PROPOSED BUDGET

Agenda

2

1. Overview of 2021 Budget▰▰▰

2. General Governmental & Special Revenue Funds▰▰▰▰▰ Ad Hoc Committee Action Items

3. Utility Funds▰▰▰▰

4. Other Funds▰▰▰

5. Miscellaneous

JUNE

Kicking off the budget process with departmentsDepartments enter their budgets, including reductions due to revenue shortfalls

MARCH

Council Strategic Planning Conference

OCT/NOV

Public Hearing and First ReadingOctober 27

Second ReadingNovember 9

JULY/AUGUST

Budget reviews with departments

Budget Team and City Manager develop proposed budget in September

OCTOBER

City Council PresentationOctober 8

OverflowOctober 10

Budget Timeline

3

2021 Budget Goals

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2021 Budget Strategy

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Projected Available Fund Balance Presented During the SPC

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Projected Available Fund Balance Presented During Budget Kickoff

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Projected Available Fund Balance After Course Corrections

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Expenditure Summary

▰ Personnel▻

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▰ Contracted Services and Equipment▻

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Fund 2020 Budget 2021 Recommended Budget Percent Change

General Fund $ 148,200,152 $ 147,418,956 -0.5%

Governmental Capital Fund 48,686,173 19,101,304 -60.7%

Special Revenue Funds 17,406,299 19,387,355 11.4%

Water Fund 80,406,299 203,500,016 153.1%

Sewer Fund 19,226,343 15,847,388 -17.6%

Environmental Services Fund 7,322,154 6,226,606 -15.0%

Stormwater 9,716,879 3,793,652 -61.0%

Thornton Development Authority Funds 17,368,240 11,845,785 -31.8%

Other Funds (E911, TASHCO, 136th GID) 1,561,387 2,518,689 61.3%

Risk 6,310,749 7,621,032 20.8%

Total $ 356,204,675 $ 432,367,363 21.4% 10

2021 Budget Fund Summaries

Agenda

11


2. General Governmental & Special Revenue Funds▰▰▰▰▰ Ad Hoc Committee Action Items



5. Miscellaneous

Revenue Projections

12

Revenue Assumptions

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Fund 2020 Projected Revenue 2021 Projected Revenue Percent Change

General Fund $135.1M $151.8M 12.4%

Governmental Capital Fund 52.1M 20.0M -61.6%

Subtotal General Governmental $187.2M $171.8M -8.2%

Special Revenue Funds* 20.6M 19.2M -6.8%

Water Fund 82.9M 76.3M -8.0%

Sewer Fund 19.8M 17.9M -9.6%

Environmental Services Fund 5.8M 5.8M 0.0%

Stormwater* 4.2M 4.3M 2.4%

Thornton Development Authority Funds 20.5M 20.8M 1.5%

Other Funds (E911, TASHCO, 136th GID) 1.2M 2.5M 108.3%

Risk 6.3M 6.7M 6.3%

Total $348.5M $325.3M -6.7%*for comparison purposes 2021 projected revenues do not include debt proceeds

14

2020 / 2021 Projected Revenues

General & Governmental Capital Total Projected Revenues

General & Gov Cap Projected Revenues Projected 2020 Projected 2021 Percent Change

Sales, Use & Other Taxes $102.9M $104.5M 1.6%

Charges for Services 15.4M 18.1M 17.5%

Property Tax 16.6M 17.0M 2.4%

Interest, Misc. & Other 16.3M 11.4M -30.1%

Intergovernmental 10.8M 10.9M .9%

Licenses & Permits 6.3M 5.9M -6.3%

Fine & Forfeitures 1.7M 1.9M 11.8%

Grants 17.2M 2.1M -87.8%

Total Revenues $187.2M $171.8M -8.2%

15

General & Governmental Capital Total Projected Revenues

Total Revenues $171.8M

8.2% decrease over 2020

16

General & Governmental Capital Top 25 Sales Tax Generators

▰ AMAZON▰ AMERICAN FURNITURE

WAREHOUSE▰ CABELAS▰ COMCAST CABLE*▰ COSTCO▰ ECHO PARK▰ GREEN DRAGON**▰ HOME DEPOT*▰ KING SOOPERS*▰ KOHLS

17

▰ MCDONALDS*▰ MEDICINE MANN**▰ MI PUEBLO▰ MIKE SHAW SUBARU▰ PUBLIC SERVICE▰ QWEST*▰ ROCKY ROAD**▰ SAFEWAY*▰ SPRINT PCS*▰ SPROUTS FARMERS MARKET

Licenses in alphabetical order / Top 25 represent 54% of total Sales Tax*Represents business with common ownership (combined locations)**Marijuana locations are taxed at a combined city rate of 8.75%

▰ T MOBILE*▰ TARGET▰ TOTAL BEVERAGE▰ VERIZON*▰ WALMART*

Outstanding & Anticipated Debt

Fund Description Final Maturity Remaining Principal as of 12/31/2021

Annual Payment

Governmental Capital IMC/Justice Center/136th Ave. 2022 $6.3M $3.4M

Governmental Capital 144th Interchange 2025 5.5M 1.3M

Governmental Capital Public Safety Facility 2039 15.3M 1.2M

Parks & Open Space Trail Winds Recreation Center 2039 46.6M 3.6M

Parks & Open SpaceActive Adult Center and Carpenter Pool Renovation

2039 26.8M 2.1M

Water Reservoir & Wes Brown Improvements 2034 31.4M 2.9M

Water Water Treatment Plant (2020 issuance) 2051 90M 4.4M

Water Thornton Water Project (2022 issuance) 2052 190M 11.7M

Stormwater Stormwater Capital (2021 issuance) 2040 7.0M 0.5M

TDA N. Larkridge Development 2028 9.4M 1.4M

TDA 144th Grove Development 2037 24.3M 1.8M

TOTAL OUTSTANDING & ANTICIPATED DEBT $452.6M $34.3M 18

General Governmental Financial Forecast

2020 2021 2022 2023 2024 2025

Beginning Fund Balance $92.3M $46.5M $51.7M $51.9M $54.5M $55.0M

Total Revenues 187.2M 171.8M 174.6M 176.1M 180.9M 186.7M

Total Expenditures -189.2M -166.5M -174.4M -173.5M -180.4M -185.1M

Carryover/Restricted/

Non-Spendable-45M -1.1M -1.1M -1.1M -1.1M -1.1M

Business/Policy/Debt Reserves -31.9M -33.8M -34.9M -36.6M -37.6M -39.0M

Ending Available Fund Balance $13.4M $16.8M $15.9M $16.8M $16.3M $16.5M

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General Governmental Available Fund Balance

20

Staffing Levels21

Department 2020 Budget 2021 Recommended Change

Police 321.50 321.00 +1.00 -1.50

Fire 139.00 151.00 +12.00 -

Infrastructure 207.50 206.50 - -1.00

Parks, Recreation & Community Programs 129.75 126.75 - -3.00

Management Services 126.75 122.25 - -4.50

City Development 74.75 72.00 - -2.75

City Management Office 24.00 24.00 - -

Finance 32.25 31.25 - -1.00

Legal 18.00 18.00 - -

Economic Development 7.00 7.00 - -

Total 1,080.50 1,079.75 +13.00 -13.75 22

Staffing Summary

Staffing Changes

23

Department FTEs Position Cost

Department FTES Position Cost

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Staffing Changes

Recommended Operating Budget

25

General Fund Departmental Analysis

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Department 2020 Budget 2021 Budget Percent ChangeInfrastructure $ 12,050,197 $ 12,094,608 + 0.4%

Parks, Recreation & Community Programs

25,480,998 23,837,027 - 6.4%

Management Services 21,128,650 20,133,681 - 4.7%City Development 8,735,197 8,377,590 - 4.1%Fire 20,693,005 21,854,201 + 5.6%Police 41,699,701 41,093,441 - 1.5%Legal 2,694,285 2,735,236 + 1.5%City Management Office 4,296,794 4,098,156 - 4.6%City Council, Boards and Commissions

615,454 586,589 - 4.7%

Economic Development 1,061,872 1,276,128 + 20.2%Finance 2,842,919 2,679,818 - 5.7%General Operating Expenses* 6,901,080 8,652,481 + 25.4%

Total $ 148,200,152 $ 147,418,956 - 0.5%

Police

Changes from Prior Year▰

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2021 Budget $41,093,441

Fire


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2021 Budget $21,854,201


Changes from Prior Year for Parks▰

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2021 Budget $23,837,027


Changes from Prior Year for Recreation▰

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Changes from Prior Year for Community Programs▰

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2021 Budget $23,837,027

Management Services

Changes from Prior Year ▰

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2021 Budget $20,133,681

Infrastructure


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2021 Budget $12,094,608

City Development


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2021 Budget $8,377,590

City Manager’s Office


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34

2021 Budget $4,098,156

Economic Development

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2021 Budget $1,276,128

Finance (General Fund)


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36

2021 Budget $2,679,818

Legal


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37

2021 Budget $2,735,236

City Council and Boards & Commissions


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38

2021 Budget $586,589

Capital Improvement Projects

39

Governmental Capital Projects

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Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget 5 year Total

Contractual Obligations Debt Service - IMC, Justice Center, and 136th Interchange

$ 3,360,155 $ 3,364,200 $ - $ - $ - $ 6,724,355

Debt Service - 144th Avenue/I-25 Interchange 1,269,750 1,270,000 1,267,750 1,268,000 1,270,500 6,346,000 Public Safety Facility COPs 1,187,412 1,178,580 1,177,659 1,177,905 1,177,966 5,899,522

Westminster Revenue Share 1,350,000 1,441,850 1,481,501 1,522,242 1,564,104 7,359,697

Business Investment Program 400,000 400,000 400,000 400,000 400,000 2,000,000

Incentive Payments 305,323 281,924 290,381 299,093 154,033 1,330,754

Contingency - Governmental Capital 100,000 100,000 100,000 100,000 100,000 500,000

Subtotal Contractual Obligations $ 7,972,640 $ 8,036,554 $ 4,717,291 $ 4,767,240 $ 4,666,603 $ 30,160,328

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Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget 5 year Total

Capital Maintenance Projects

Street Rehabilitation Program $ 2,520,858 $ 2,892,092 $ 3,007,776 $ 3,128,087 $ 3,253,211 $ 14,802,024

Residential Speed Reduction Program 614,800 169,400 299,200 179,200 309,300 1,571,000

Traffic Signal Repairs 237,500 92,100 54,900 102,500 105,500 592,500

Concrete Replacement Program 163,780 170,331 177,144 184,230 191,599 887,084

Development Code Update - 150,000 - - - 150,000

Traffic Signals Illuminated Sign Retrofit 114,500 119,100 123,800 128,800 118,000 604,200 Traffic Signal Uninterrupted Power Supply (UPS)

43,400 45,100 46,900 48,800 50,800 235,000

Bridge Painting - 280,000 - - - 280,000

Subtotal Capital Maintenance Projects $ 3,694,838 $ 3,918,123 $ 3,709,720 $ 3,771,617 $ 4,028,410 $ 19,122,708


42

Project 2021 Budget 2022 Budget 2023 Budget 2024 Budget 2025 Budget 5 year Total

Public Safety Projects

Fire Station No. 7 $ 2,000,000 $ 3,820,000 $ - $ - $ - $ 5,820,000

Motorola/ADCOM Radio Channel Upgrade 292,526 292,526 - - - 585,052

PD 10-Printer Replacement 30,000 30,000 30,000 90,000Intergraph Computer Aided Dispatch (CAD) Upgrade

- 500,000 - - 500,000

Justice Center Soil Mitigation - - 2,000,000 - 2,000,000

Subtotal Public Safety Projects $ 2,322,526 $ 4,612,526 $ 2,030,000 $ - $ 30,000 $ 8,995,052


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Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget 5 year Total

Transportation & Miscellaneous Projects

Traffic Signal Improvements $ 1,102,100 $ 450,400 $ 312,600 $ 396,700 $ 436,800 $ 2,698,600

DRCOG 104th Avenue Widening Design 2,000,000 - - - - 2,000,000

DRCOG 120th Avenue Widening Design 165,000 - - - - 165,000

144th Avenue Widening - York to Colorado 1,400,00 - - - - 1,400,000

ADA Improvements and Pedestrian Connectivity

248,700 35,000 35,000 35,000 35,000 388,700

ADA Transition Plan, Phase 2 70,000 - - - - 70,000

Travel Time Monitoring 125,500 - - - - 125,500

Subtotal Transportation Projects $ 5,111,300 $ 485,400 $ 347,600 $ 431,700 $ 471,800 $ 6,847,800


Total Governmental Capital Fund $ 19,101,304 $ 17,052,603 $ 10,804,611 $ 8,970,557 $ 9,196,813 $ 65,125,888

General Governmental Unfunded Capital Projects

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Name Cost Estimate Strategy

Thornton Shopping Center

Police Training Facility – Phase 2

Eastlake Grain Elevator Redevelopment

Transportation Improvements

Streetlight Acquisition

Special Revenue Funds

45

Special Revenue Projected Revenues

2021 Projected Revenues

Conservation Trust Fund

ParksOpen Space

Parks & Open Space

ADCO Parks & Open Space

ADCO Road & Bridge

Cash In Lieu

Special Revenue $1.4M $ - $ - $7.3M $1.3M $3.4M $626K

Grant Revenue - - 4.1M - 650k - -

Interest & Other 17K 11K 105K 181k 24K 86K 19K

Total Revenues $1.4M $11K $4.2M $7.5M $2.0M $3.5M $645K

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47


Annual Payment






2039 26.8M 2.1M







TOTAL OUTSTANDING & ANTICIPATED DEBT $452.6M $34.3M

Special Revenue Capital Projects

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Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget 5 year Total

Adams County Road and Bridge Fund

Street Rehabilitation Program $ 2,915,858 $ 3,032,493 $ 3,153,793 $ 3,279,944 $ 3,411,142 $ 15,793,230

Hwy 7 & Holly St Traffic Signal $ 1,700,000 - - - - 1,700,000

Fund Total $ 4,615,858 $ 3,032,493 $ 3,153,793 $ 3,279,944 $ 3,411,142 $ 17,493,230

Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget 5 year Total

Adams County Open Space Fund Landscape and Playground Rehabilitation

$ 1,715,030 $ 1,166,478 $ 1,338,847 $ 1,035,000 $ 1,150,000 $ 6,405,355

Playground Rehabilitation 250,000 250,000 250,000 250,000 250,000 1,250,000

Park and Recreation Facility Art 150,000 150,000 150,000 150,000 150,000 750,000

Outdoor Stage Replacement 185,000 - - - - 185,000

Fund Total $ 2,300,030 $ 1,566,478 $ 1,738,847 $ 1,435,000 $ 1,550,000 $ 8,590,355


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Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget 5 year Total

Conservation Trust FundLandscape and Playground Rehabilitation

$ 1,145,300 $ - $ - $ - $ - $ 1,145,300

Sport Court Resurfacing 130,000 50,000 50,000 50,000 50,000 330,000

Swimming Pool Repair 118,000 87,000 192,875 170,500 25,000 593,375

Ballfield Fence Repairs 80,000 90,000 90,000 70,000 100,000 430,000

Park Irrigation System Upgrades 75,000 75,000 75,000 75,000 75,000 375,000

Thornton Arts & Culture Center (TACC) Equipment Replacement

67,400 21,475 44,056 13,975 9,420 156,326

Irrigation Controller Replacement 50,000 50,000 50,000 10,000 10,000 170,000

Tree Replacement 50,000 50,000 50,000 50,000 50,000 250,000

Horticultural Plant Conversion to Hardscape (Waterwise)

20,000 20,000 20,000 20,000 20,000 100,000


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Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget 5 year Total

Conservation Trust Fund (Continued)Trail Winds Recreation Center Equipment Replacement

19,600 64,895 99,945 113,995 94,850 393,285

Athletic Court Maintenance and Supplies

15,000 15,000 15,000 15,000 15,000 75,000

Park Sign Replacement 15,000 15,000 15,000 15,000 15,000 75,000Recreation Center Equipment Replacement

10,000 63,150 115,895 99,945 114,145 403,135

Community Center Equipment Replacement and Shutdown Repairs

8,500

-

- 8,500 18,600 35,600

Trail Winds Turf Replacement - 500,000 - 550,000 - 1,050,000

Paddle Boat Replacement - 22,320 27,940 - - 50,260

Active Adult Equipment Replacement - 6,695 6,750 11,260 11,260 35,965

Conservation Trust Fund Total $ 1,803,800 $ 1,130,535 $ 852,461 $ 1,273,175 $ 608,275 $ 5,668,246


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Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget 5 year Total

Open Space Fund

Trail Connections $ 1,218,600 $ 495,200 $ 620,000 $ 200,000 $ 100,000 $ 2,633,800

Niver Creek Open Space Improvements 2,000,000 - - - - 2,000,000

Heritage Trail Connections 353,811 519,425 525,000 180,000 205,000 1,783,236

Aylor Open Space Cleanup - 113,872 - - - 113,872

Hazardous Tree Removal and Replacement

120,000 120,000 120,000 120,000 120,000 600,000

Big Dry Creek Project Restoration 89,360 50,000 30,000 30,000 - 199,360

Park and Open Space Land Appraisals 15,000 15,000 15,000 15,000 15,000 75,000

Open Space Fund Total $ 3,796,771 $ 1,313,497 $ 1,310,000 $ 545,000 $ 440,000 $ 7,405,268

52

Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget 5 year Total

Cash In Lieu Fund

Aylor Open Space Cleanup $ - $ 86,128 $ - $ - $ - $ 86,128

Cash In Lieu Fund Total $ - $ 86,128 $ - $ - $ - $ 86,128


Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget 5 year Total

Parks Fund

Parks and Open Space Master Plan $ - $ 250,000 $ - $ - $ - $ 250,000

Parks Fund Total $ - $ 250,000 $ - $ - $ - $ 250,000


53

Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget 5 year Total

Parks and Open Space FundDebt Service - Trail Winds Recreation Center (TWRC)

$ 3,605,505 $ 3,609,912 $ 3,607,090 $ 3,607,843 $ 3,608,031 $ 18,038,381

Debt Service - MCRC Pool Renovation, Active Adult Center

2,056,400 2,057,650 2,060,900 2,056,400 2,059,400 10,290,750

Operations and Maintenance (20%) 1,458,991 1,530,951 1,576,724 1,628,449 1,694,321 7,889,436

Community Center Renovation 8,500,000 - - - - 8,500,000

McAllister Park 1,500,000 - - - - 1,500,000

Parks and Open Space Fund Total $ 17,120,896 $ 7,198,513 $ 7,244,714 $ 7,292,692 $ 7,361,752 $ 46,218,567

Total Special Revenue Funds $ 29,637,355 $ 14,577,644 $ 14,299,815 $ 13,825,811 $ 13,371,169 $ 85,711,794

Parks and Open SpaceUnfunded Capital Projects

54

Name Current Cost Strategy

Multipurpose Fields

Lambertson Farms

Gravel Lakes Open SpaceAylor Open LandsThornton Community Events Center (performing arts center)

Ad Hoc Committee Recommendations

55

Ad Hoc Committee on Equity2021 Budget Funding

56

Police Actions▰

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Communication Actions▰

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Amenities Questions


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1. How does the City ensure equitable maintenance of park amenities across the City?


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2. How does the City ensure equitable maintenance of open space and improve existing amenities?


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3. What will the City do to add/improve community gathering spaces/amenities?▰

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4. How will the City ensure a balanced approach to public art?▰

5. How can the City encourage enhancements to 88th Avenue Station?▰

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6. Can the City pursue a policy to address abandoned, blighted, and derelict buildings?▰

7. How will the City encourage private sector development to occur in an equitable fashion?

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Programming

64

Facilities Ward 1 Ward 2 Ward 3 Ward 4

Portable Playground xSouthern Stars Joint Program with District 12 xSpring and Summer Camps xTae Kwon Do xYouth Boxing Program xTeen Council and Teen Nights xSenior Volleyball xArts and Culture Programming x x xDance Program Team x x xPreschool Programming x x xYouth Free Meal Program xYouth and Teen Volunteer Corps Projects x x x xCoffee Lounge for Older Adults to gather x x xYouth Sports Programming x x x xGymnastics Programming xAIR Programming x x x xYouth and Adult Enrichment x x xSwimming Programming x x xSummer Concerts/Movies in the Park x x x x

Total 18 11 10 4

Facilities, Festival, and Special Events

65

Facilities Ward 1 Ward 2 Ward 3 Ward 4

Arts and Culture Building xBatting Cages xBall Field Complexes x x xRecreation Centers x x xActive Adult Centers x xGolf Course xOutdoor Pools x xTeen Center x

Total 5 4 3 2

Festivals and Special Events Ward 1 Ward 2 Ward 3 Ward 4

Major Festivals xSpecial Events* x x

Agenda

66


2. General Governmental & Special Revenue Funds▰▰▰▰▰



5. Miscellaneous

Water67

Water Financial Forecast

2020 2021 2022 2023 2024 2025


Debt Issuance 90M - 190M - - -

Revenues 82.4M 76.7M 75.4M 73.9M 79.5M 87M

Expenditures* -181.2M -195.8M -227.1M -46.9M -52.2M -47.0M

Debt Payment -3.3M -7.7M -8.7M -19.4M -19.4M -19.4M

Debt Reserve Funding - - -11.7M - - -

Council Policy Reserve (180 days of annual O&M)

-14.9M -15.3M -15.7M -16.2M -16.8M -18.1M


68

Water Fund Ending Balance

69


70


Annual Payment






2039 26.8M 2.1M








Water Projected Revenues

Water Projected Revenues 2020 2021 Change

Rate Revenues $47.1M $44.4M -5.7%

Bulk Water Sales 3.5M 3.6M 2.9%

Interest & Other Revenues 8M 6.9M -13.8%

1x Revenue: Sale of Water Shares, Ft. Lupton Pit, Easement 3.3M 675K -79.5%

Grant Revenue FEMA 679K 375K -44.8%

Connection Fee Revenue (growth) 20.3M 20.3M 0%


Rate Increase – 0.0% Rate study will be wrapping up in late 2020 to ensure long term financial sustainability within the fund.

71

Recommended Operating Budget

Highlights▰

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72

2021 Budget $38,220,336

73

Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget5 Year Total

Water Supply Projects

Generator System for McKay Pump Station $ 850,000 $ - $ - $ - $ - $ 850,000

Standley Lake Facilities 500,000 - - - - 500,000

Hammer Reservoir Electrical, Mag Meter, and Valve Repairs

376,000 - - - - 376,000

LCC to WSP/Cooley West Flume Improvements 215,000 - - - - 215,000

Non-TWP Transfers 176,000 181,280 186,718 192,320 198,090 934,408

New Alluvial Wells 170,000 1,575,900 - - - 1,745,900

Non-TWP Protection 150,000 154,500 159,135 163,909 168,826 796,370

Standley Lake Pipeline Improvements 150,000 154,500 159,135 163,909 168,826 796,370

Water Supply Planning Model 15,000 10,300 5,305 5,464 5,628 41,697

Gravel Lakes Coordination and Planning 12,000 12,875 13,792 14,205 - 52,872

Gravel Lakes Rip Rap - 422,300 434,969 448,018 461,459 1,766,746

Subtotal Water Supply Projects $ 2,614,000 $ 2,511,655 $ 959,054 $ 987,825 $ 1,002,829 $ 8,075,363

Water Capital Projects


74

Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget5 Year Total

Water Treatment Projects

WBWTP Optimization $ 3,000,000 $ 1,040,300 $ 249,312 $ 256,791 $ 264,495 $ 4,810,898

Sludge Disposal 1,200,000 1,236,000 1,273,080 1,311,272 1,350,611 6,370,963

Wes Brown Water Treatment Plant Membranes

1,055,000 1,086,650 1,119,250 1,152,827 1,187,412 5,601,139

Sludge Line Replacement 800,000 8,034,000 - - - 8,834,000

TWTP Solar - 674,650 - - - 674,650

WBWTP Equipment Replacement 369,000 515,000 530,450 546,364 562,754 2,523,568

WBWTP Building Maintenance 300,000 - - - - 300,000

WBWTP Clarifier Sludge Blowdown Improvements

250,000 - - - - 250,000

TWTP UPS Valve Backup 100,000 - - - - 100,000

WBWTP Surge Analysis - 1,236,000 - - - 1,236,000

Subtotal Water Treatment Projects $ 7,074,000 $ 13,822,600 $ 3,172,092 $ 3,267,254 $ 3,365,272 $ 30,701,218

75


Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget5 Year Total

Water Distribution Projects

100th Avenue Waterline Replacement $ 2,295,000 $ - $ - $ - $ - $ 2,295,000

Pipeline Rehabilitation Program 1,750,000 2,317,500 2,652,250 3,278,181 3,376,526 13,374,457

Tank Painting and Repair Project 1,700,000 72,100 954,810 76,491 1,012,958 3,816,359

Valve Replacement Program 500,000 515,000 530,450 546,364 562,754 2,654,568

Treated Water System Improvements 450,000 463,500 477,405 491,727 506,479 2,389,111

20 Inch Water Main Upgrade to Cherokee Tank

292,000 2,499,810 - - - 2,791,810

60W ERT Upgrade 278,000 - - - - 278,000

Hydrant Replacement Program 125,000 128,750 132,613 136,591 140,689 663,643

Subtotal Water Distribution Projects $ 7,390,000 $ 5,996,660 $ 4,747,528 $ 4,529,354 $ 5,599,406 $ 28,262,948

76


Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget5 Year Total

Thornton Water Project (TWP)Thornton Water Project Design and Construction

$ 146,147,930 $ 171,052,362 $ 3,500,000 $ 7,888,561 $ - $ 328,588,853

WSSC Improvements 1,100,000 1,081,500 1,060,900 1,092,727 89,478 4,424,605

Farm Property Revegetation 427,000 439,810 453,004 466,594 480,592 2,267,000

Groundwater Recharge Facilities 220,000 226,600 233,398 - - 679,998

TWP Transfer 123,600 127,308 131,127 135,061 139,113 656,209

TWP Protection 108,150 111,395 114,736 118,178 121,724 574,183

Thornton Northern Properties Master Plan 75,000 25,750 - - - 100,750

Subtotal Thornton Water Project $148,201,680 $ 173,064,725 $ 5,493,165 $ 9,701,121 $ 830,907 $ 337,291,598

Water Fund Total $165,279,680 $ 195,395,640 $ 14,371,839 $ 18,485,554 $ 10,798,414 $ 404,331,127

Sewer77

Sewer Financial Forecast

2020 2021 2022 2023 2024 2025


Revenues 19.8M 17.9M 20.2M 19.6M 20.5M 21.7M

Expenditures -33.8M -15.8M -21.3M -19.9M -18.3M -18.5M

Policy Reserve (90 days of Annual O&M)

-3.0M -3.1M -3.3M -3.4M -3.5M -3.7M


78

Sewer Projected Revenues

Sewer Projected Revenues 2020 2021 Change

Rate Revenues $15.7M $16.0M 1.9%

Interest & Other Revenues 300K 200K -33.3%

Growth Revenues 1.7M 1.7M 0%

Reimbursement from TDA N 2.1M - -100%


Rate Increase 0% (no metro increase in 2021)

Rate study will be wrapping up in late 2020 to ensure long term financial sustainability within the fund.

79

Operating Recommended Budget


▰

80

2021 Budget $12,219,588

Sewer Capital Projects

81

Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget 5 Year

Total

Sewer Main Rehabilitation Program $ 1,000,000 $ 2,000,000 $ 2,500,000 $ 3,000,000 $ 3,000,000 $ 11,500,000

Manhole Rehabilitation Program 782,500 600,000 750,000 750,000 750,000 3,632,500

Water Fund Loan - Fleet Shop Repayment 567,500 - - - - 567,500

Big Dry Creek Parallel Sewer 510,000 3,000,000 3,000,000 400,000 - 6,910,000

88th Avenue Sewer Replacement 321,000 2,673,000 - - - 2,994,000

Remington to Riverdale Lift Station Gravity Main

300,000 - - - - 300,000

60W ERT Upgrade 93,000 - - - - 93,000

Sanitary Sewer Root Control 53,800 55,400 57,100 58,800 60,600 285,700

Total Sewer Fund $ 3,627,800 $ 8,328,400 $ 6,307,100 $ 4,208,800 $ 3,810,600 $ 26,282,700

Stormwater82

Stormwater Financial Forecast

2020 2021 2022 2023 2024 2025

Beginning Fund Balance $0.9M $-5.8M $1.8M $2.6M $3.4M $3.3M

Revenues 4.2M 4.3M 4.3M 4.5M 4.5M 4.6M

Debt Financing, $6.4 / Short-Term Loan $1M - 7.0M - - - -

Expenditures -10.9 -3.7M -3.0M -3.2M -4.1M -5.0M

Debt Payment - - -0.5M -0.5M -0.5M -0.5M

Policy Reserve (25% of annual O&M) - -1.5M -1.4M -1.4M -1.6M -1.4M

Ending Available Fund Balance $-5.8M $300K $1.2M $2.0M $1.7M $1.0M

83


84


Annual Payment






2039 26.8M 2.1M







TOTAL OUTSTANDING & ANTICIPATED DEBT $$452.6M $34.3M

Stormwater Projected Revenues

Stormwater Projected Revenues 2020 2021 Change


Interest & Other Revenues 13K 9k -31%

Total Revenues $4.2M $4.3M 2.4%

85

Operating Recommended Budget


▰

86

2021 Budget $3,009,652

Stormwater Capital Projects

87

Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget 5 Year

Total

Hoffman Way- parallel drainage system (88th Ave to 90th Ave)

$ 500,000 $ - $ - $ - $ - $ 500,000

Local Drainage Issues 109,000 113,000 116,000 119,000 123,000 580,000

Todd Creek Basin Master Plan - City portion of UDFCD project

100,000 - - - - 100,000

Debt Service 50,000 458,000 458,000 458,000 458,000 1,882,000

Hoffman Basin Major Drainage Plan update and Flood Hazard Area Determination

25,000 - - - - 25,000

Grange Hall Creek South Tributary Culver and Detention Improvements

- - 300,000 180,000 2,065,000 2,545,000

Big Dry Creek Tributaries Major Drainage Plan update with UDFCD

- - 100,000 - - 100,000

Total Stormwater Fund $ 784,000 $ 571,000 $ 974,000 $ 757,000 $ 2,646,000 $ 5,732,000

Environmental Services

88

Environmental Services Financial Forecast

2020 2021 2022 2023 2024 2025


Total Revenues 5.8M 5.8M 6.0M 6.1M 6.2M 6.3M

Total Expenditures -7.1M -6.2M -5.8M -6.3M -6.0M -7.2M

Policy Reserve(90 days of annual O&M)

-1.3M -1.3M -1.3M -1.4M -1.4M -1.5M


89

Environmental Services Revenues

Env Services Projected Revenues 2020 2021 Change


Interest & Other Revenues 400K 312K -22%

Total Revenues $5.8M $5.8M 0.2%

90

Environmental Services Recommended Budget

Highlights▰

▰

▰

91

2021 Budget $6,226,606

Agenda

92





5. Miscellaneous

Thornton Development Authority (TDAs)

93

Thornton Development Authority Projected Revenues

2021 Projected Revenues – TDA’s TDA 144th TDA N TDA S

Sales Tax Revenue $1.1M $6.3M -

Property Tax Revenues 2.0M 10.3M $958K

Interest and Other Revenues 23K 104K 91K

Total Revenues $3.1M $16.7M $1.0M

94


95


Annual Payment






2039 26.8M 2.1M








TDA Capital Projects

96

Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget 5 year Total

TDA South Fund

TDA South - Transfer to the General Fund $ 218,545 $ 225,102 $ 231,855 $ 238,810 $ 245,975 $ 1,160,287

South Thornton Attraction and Revitalization (STAR) Grant

100,000 100,000 100,000 100,000 100,000 500,000

Total TDA South Fund $ 368,545 $ 325,102 $ 331,855 $ 338,810 $ 345,975 $ 1,660,287

Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget 5 year Total

TDA 144th Fund

TDA 144th - Debt Service $ 1,811,294 $ 1,810,494 $ 1,813,594 $ 1,810,844 $ 1,811,344 $ 9,057,570

TDA 144th - Transfer to the General Fund 880,000 857,779 882,943 913,056 939,811 4,473,589

TDA 144th - Revenue Share 174,466 274,748 278,929 321,215 328,380 1,377,738

Total TDA 144th Fund $ 2,865,760 $ 2,943,021 $ 2,975,466 $ 3,045,115 $ 3,079,535 $ 14,908,897


97

Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget 5 year Total

TDA North Fund

TDA North - Admin Fee $ 1,998,517 $ 2,098,443 $ 2,203,365 $ 2,313,533 $ 2,429,210 $ 11,043,068

TDA North - Repayment for 144th Avenue/I-25 Interchange

1,654,031 1,654,031 1,654,031 1,654,031 1,654,031 8,270,155

TDA North - Debt Service 1,410,563 1,413,263 1,416,513 1,412,013 1,415,013 7,067,365

TDA North - Transfer for 144th Avenue/I-25 Interchange

1,269,750 1,270,000 1,267,750 1,268,000 1,270,500 6,346,000

Shay Ditch Drainage Improvements to Grant Street

748,619 - - - - 748,619

TDA North - Incentive Payments 580,000 591,600 603,432 615,501 627,811 3,018,344

Bull Canal Relocation at 152nd 580,000 - - - - 580,000

Mustang Run Drainage Improvement - 152nd Pkwy

420,000 1,126,500 - - 3,705,175 5,251,675

Washington Street Widening - 150th-E470 - 11,580,000 - - - 11,580,000


98

Project 2021

Budget2022

Budget2023

Budget2024

Budget2025

Budget 5 year Total

TDA North Fund (Continued)

Big Dry Creek Sewer Contribution - $ 1,114,608 - - - $ 1,114,608

Bull Canal Relocation at 150th - 151st Avenue - - - 1,316,443 - 1,316,443

Bull Canal Relocation North of E470 - - - 2,571,187 - 2,571,187

Grant Street - 150th to 152nd - - - 515,597 4,428,197 4,943,794

Grant Street - 150th to 152nd (ROW) - - - 804,739 - 804,739

160th Avenue Widening from I-25 to Washington - South Side

- - - - 2,817,711 2,817,711

Total TDA North Fund $ 8,661,480 $ 20,848,445 $ 7,145,091 $ 12,471,044 $ 18,347,648 $ 67,473,708

Thornton Development Authority Total $ 11,845,785 $ 24,116,568 $ 10,452,412 $ 15,854,969 $ 21,773,157 $ 84,042,892

136th GID, E911 andTASHCO

99

Other Funds Projected Revenues

2021 Revenues– Other Funds Revenues 136th GID E-911 TASHCO

Total Revenues $100K $2.3M $92K

• The 136th Avenue General Improvement District (GID) Fund accounts for property tax collected in the project area to reimburse the general government for the build out of the interchange

• The E-911 Fund accounts for collection of surcharges to help cover the cost of emergency communications

• TASHCO Fund accounts for money received from grants and program revenues for cultural enhancements

100

136th GID and E911 Recommended Budget

Highlights▰▰

Fund2020

Budget2021

BudgetPercent Change

E-911 Authority $1,100,000 $2,300,000 109% 136th Avenue GID 100,000 100,000 0%

101

TASHCO

102

Revenue Sources 2020 2021 Percent Change

SCFD Grant $58,635 $44,711 -23.7%

Program Revenues 4,500 0 -100%

Donations/Fundraising 1,735 884 -49%

Transfer from General Fund 46,517 46,517 0%

Use of Fund Balance 0 26,577 n/a

Expenditures 2020 2021 Percent Change

Programming $111,389 $118,689 +6.6%

Changes from Prior Year

Risk103

Risk Recommended Operating Budget


▰

▻

▻

▻

104

2021 Budget $7,621,032

Agenda

105





5. Miscellaneous

Miscellaneous106

Juneteenth

107

RecommendationIndirect costs – holiday pay $238,941.62

Direct costs – holiday extra $46,042.84

Direct – holiday lump for Fire $37,940.10

Direct – Estimated OT cost $91,797.77

Total Estimated Direct Costs $175,780.71

Total Indirect and Direct Costs $414,722.33

What to expect on October 27th

108

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