March 3, 2020 2018 Budget O&M and Community Management Increases - - PowerPoint PPT Presentation

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Jan 23, 2023 147 likes •249 views

Presented by: Brighton Crossings Operations Board Quarterly Board Meeting March 3, 2020 2018 Budget O&M and Community Management Increases Facility management team began weekly onsite visits & increased YMCA scope in Summer of

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Brighton Crossings Operations Board Quarterly Board Meeting March 3, 2020

Presented by:

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Budget History & Fee Increase

2018 Budget – O&M and Community Management Increases

Facility management team began weekly onsite visits & increased YMCA scope in Summer of 2018
Covenant Enforcement & Collection Policies Implemented

2019 Budget – O&M and Community Management Expenditure Reductions + Contribution of Development Fees & Ending Fund Balance.

Constituent Communications – Monday, Wednesday, Friday + Website & Phone Tree
Website project scaled down
O&M Repairs & Replacements & Allowances Removed

2020 Budget – Adopted Fee Increase

Operations Fee - $135 Quarterly ($45 Monthly) to $210 Quarterly ($70 Monthly) Effective July 1, 2020
Trash Fee - $36 Quarterly ($12 Monthly) Effective July 1, 2020
Alley Fee – Remains the same $75 Quarterly ($25 Monthly)
Courtyard Fee – Remains the same $45 Quarterly ($15 Monthly)
Maintenance Fee – Spree Neighborhood (PA7) $240/$180 Quarterly

2020 O&M Budget Reductions – $64,540 Reduction in 2020 Adopted Projected Budget

Social Committee 2020 projected from $10,000 to $6,000 - $4,000 Reduction
Hardscape Maintenance 2020 projected from $124,000 to $96,260 - $27,740 Reduction
Venture Center O&M –Programming & Staffing Adjustments - $32,800 Reduction

Finance Committee, Capital Reserve Study & Updates to Proforma

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Comparison

f Community

Taxes and Fees – 2020

Community District Mill Levy Total Taxes & Fees Reunion (HOA/District) 88.305 $7,796

St. Vrain Lakes (District)

72.363 $6,002 Brighton East Farms (HOA/District) 73.074 $5,614 Brighton Crossings (Authority/District) 66.797 $5,608 The Lakes at Centerra (HOA/District) 75.785 $5,521 Todd Creek (District – Minimal Services) 30.000 $4,071

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Finances

Goal of Short-Term and Long-Term Financial Health (be able to pay the bills) Key Revenues include service fees from District No.s 4- 8

Property Taxes
Specific Ownership Taxes
Development Fees

Other Key Revenues are end-user fees

Operations Fee
Trash Fee
Alley Fee
Courtyard Fee

Mill levies certified in December 2019 are at the maximum allowed by the Districts’ service plans

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$- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 2020 2021 2022 2023 2024 2025 2026

Brighton Crossings Operations - During Budget Planning Revenue and Expenditures 2020 -- 2026

Other Transfer Fees Operations Fees Property Taxes Development Fees Expenditures

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Operation and Maintenance Fee History

$- $45 $45 $45 $45 $54 $54 $120 $120 $120 $120 $120 $123 $135 $135 $135 $- $20 $40 $60 $80 $100 $120 $140 $160 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Brighton Crossings O&M Fee Rate History

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$- $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Brighton Crossings Operations Operations Fee and Operations Expense

General Operations Fees Operations & Maintenance Expenditures

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$- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 2020 2021 2022 2023 2024 2025 2026

Brighton Crossings Operations Adopted Fee Increase -- Reduced Expenses 2020 -- 2026

Other Transfer Fees Operations Fees Property Taxes Development Fees Expenditures