Item 4A - 2022 Budget PresentationCity of BoulderFinance Department2022 BudgetNuria Rivera-Vandermyde, City ManagerRich Wobbekind, Senior Economist and Associate Dean for Business and Government Relations, Business Research Division, University of Colorado BoulderRobert McNown, JTC EconometricsCheryl Pattelli, Chief Financial OfficerMark Woulf, Senior Budget ManagerKara Skinner, Assistant Director of Finance
City of BoulderFinance Department2Agenda•Introduction•Economic Update•2022 Budget Overview-Sources – Revenues-Uses of Funds – Expenditures•2022 Restorations and Investments•2022-2027 Capital Improvement Program
Boulder Tax Revenue ForecastRichard WobbekindRobert McNownBrian LewandowskiBusiness Research DivisionUniversity of Colorado BoulderSeptember 28, 2021
U.S Nonfarm EmploymentMillions of JobsSource: Bureau of Labor Statistics, CES (Seasonally Adjusted).1301351401451501552017 2018 2019 2020 2021Jan. 2017145.6 millionFeb. 2020152.5 millionAugust 2021147.2 millionApril 2020130.2 millionMarch 2020150.8 million0DETAIL
Colorado Employment2,4602,5602,6602,7602,8602,9603,0602015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025Jobs (Thousands, Seasonally Adjusted)Source: Bureau of Labor Statistics, University of Colorado.2020 Observed Employment2021 Observed2020 Projected2021 Projected
Employment by MSA1-Year Change, August 2021Source: Bureau of Labor Statistics, Current Employment Statistics (Seasonally Adjusted).-5%0%5%10%15%20%Percent ChangeDenver-Aurora-LakewoodMSAGreeleyMSAPuebloMSAFort CollinsMSAColorado SpringsMSAGrand JunctionMSABoulderMSA
Employment In Current DecadeIndexed Change from January 20208587899193959799101103Jan20Feb20Mar20Apr20May20Jun20Jul20Aug20Sep20Oct20Nov20Dec20Jan21Feb21Mar21Apr21May21Jun21Jul21Aug21NationalColoradoColorado SpringsGreeleyFt. CollinsPuebloGrand JunctionBoulderDenverSource: Bureau of Labor Statistics (Seasonally Adjusted).
Boulder Resident Labor ForceSource: Bureau of Economic Analysis.Unemployment RateUnemploymentResident EmploymentResident Labor Force$ Billions, Seasonally Adj. Annual Rate56,00058,00060,00062,00064,00066,00068,000Jan 2019 Jul 2019 Jan 2020 Jul 2020 Jan 2021 Jul 2021010,00020,00030,00040,00050,00060,00070,000Jan 2019 Jul 2019 Jan 2020 Jul 2020 Jan 2021 Jul 202102,0004,0006,0008,000Jan 2019 Jul 2019 Jan 2020 Jul 2020 Jan 2021 Jul 2021024681012Jan 2019 Jul 2019 Jan 2020 Jul 2020 Jan 2021 Jul 2021
01234Jobs (Thousands)Boulder MSA Employment ChangeSource: Bureau of Labor Statistics.August 2021 Year‐over‐YearAugust 2021 Year‐over‐YearProf. and Business ServicesLeisure and HospitalityManufacturingGovernmentTrade, Transportation and UtilitiesEducation and Health ServicesMining and ConstructionOtherInformationFinancial Activities0 5 10 15Jobs (Percent Change)
CU Boulder Enrollment2405,24010,24015,24020,24025,24030,24035,24040,2401991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021StudentsSource: University of Colorado, Fall Headcount.2020‐1.6‐5532021+2.6+922
02,000,0004,000,0006,000,0008,000,00010,000,000Jan 2020 Jul 2020 Jan 2021 Jul 2021National Personal IncomeSource: Bureau of Economic Analysis.Transfer ReceiptsProprietor IncomeDividends, Interest, and RentEmployee Compensation$ Billions, Seasonally Adj. Annual Rate9,500,00010,000,00010,500,00011,000,00011,500,00012,000,00012,500,00013,000,000Jan 2020 Jul 2020 Jan 2021 Jul 20210500,0001,000,0001,500,0002,000,000Jan 2020 Jul 2020 Jan 2021 Jul 202101,000,0002,000,0003,000,0004,000,000Jan 2020 Jul 2020 Jan 2021 Jul 2021
Colorado Personal Income2402903403904404905405902015Q1 2016Q1 2017Q1 2018Q1 2019Q1 2020Q1 2021Q1 2022Q1 2023Q1 2024Q1 2025Q1 2026Q1$ Billions (Seasonally Adjusted)Source: Bureau of Labor Statistics, University of Colorado.
National Retail and Food Services Sales0100,000200,000300,000400,000500,000600,000700,0001992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020$ Millions-22.2% peak to trough,5 months to return to peakSource: U.S. Census Bureau.August 2021:+15.1% year-over-year+0.6% from prior month
Sales Tax CollectionsColorado05001,0001,5002,0002,5003,0003,5004,0000501001502002503003502015 2016 2017 2018 2019 2020 2021
$, 12-Month Sum
$ Millions, MonthSources: State collections includes Sales and the Sales Tax Vendor Fee Cap.July, Trailing 12 Months: 8.3%Month YoY: 10.1%2020 YoY 2021 YoY 2019‐2021Boulder‐11.9% 17.3% 3.3%Burlington 17.2% 3.4% 21.2%Co. Springs 1.5% 22.6% 24.5%Denver‐17.8% 15.0%‐5.5%Fort Collins‐2.0% 20.3% 18.0%Gr. Junction‐7.3% 22.7% 13.7%Greeley‐3.2% 6.0% 2.6%Lone Tree‐23.5% 30.8% 0.1%Longmont 10.6% 18.8% 31.4%Louisville‐4.3% 12.8% 7.9%Pueblo 3.8% 19.8% 24.4%Thornton 2.8% 19.5% 22.8%June Year-to-Date
City of Boulder Sales and Use Taxes25,000,00030,000,00035,000,00040,000,00045,000,00050,000,00055,000,00060,000,0002018Q1 2019Q1 2020Q1 2021Q1 2022Q1 2023Q1 2024Q1 2025Q1 2026Q1DollarsLowHighMedium
City of Boulder Sales and Use Taxes130,000,000140,000,000150,000,000160,000,000170,000,000180,000,000190,000,000200,000,000210,000,000220,000,000230,000,0002018 2019 2020 2021 2022 2023 2024 2025 2026DollarsLowHighMedium
City of Boulder Revenues Select ComponentsOut of State RetailersProperty TaxesRestaurantsMFO$0$1,000,000$2,000,000$3,000,000$4,000,000$5,000,000$6,000,000$7,000,0002018 2019 2020 2021 2022 2023 2024 2025 2026$0$5,000,000$10,000,000$15,000,000$20,000,000$25,000,0002018 2019 2020 2021 2022 2023 2024 2025 2026$0$20,000,000$40,000,000$60,000,000$80,000,0002018 2019 2020 2021 2022 2023 2024 2025 2026$0$5,000,000$10,000,000$15,000,000$20,000,000$25,000,0002019 2020 2021 2022 2023 2024 2025 2026
Tailwinds, Headwinds, and UnknownsWork from HomeRemoteCommercial Real EstateProductivityAnother VariantDelta VariantPricesDisparitySupply ChainWorkforce ShortagesEmploymentIncomeGross Domestic ProductAggregate WealthRetail SalesUniversity ActivityTourism
Q&A
City of BoulderFinance Department2022 Budget Overview20
City of BoulderFinance DepartmentOverall $462.5 million (35% increase) proposal for 2022 reflects broad service restorations and continued community recovery efforts. $300.1 million (10% increase) recommended Operating Budget invests:Inprograms and services reduced due to the pandemic In service areas that reflect community goalsInorganizational recovery targeting stretched workforce through increased staffing, merit pay and training restorations.$162.4 million (134% increase) Capital budget makes investment in critical infrastructure, especially water and wastewater systems, flood mitigation, and multi-modal enhancements.2022 Recommended Budget Summary21
City of BoulderFinance Department•Classified and considered programs and services according to the Budgeting for Community Resilience criteria definitions: essential, important, helpful, amenity.•Prioritized to innovative approaches to address challenges.•Continue focus on advancing racial equity, by making long-term strategy decisions that do not negatively impact, but uplift communities of color and other historically marginalized people. •Make data-informed decisionsto continue efforts to improve service to our community.2022 Budget Development Focus22
City of BoulderFinance DepartmentSources - Revenues23
City of BoulderFinance Department2022 Citywide Sources – RevenuesBond Proceeds, Interest & Investment Earnings – 20%Licenses, Permits & Fines – 3%Development & Impact Fees – 3%Grant Revenues – 1% Leases, Rents & Royalties – <1%Misc. Sales of Materials & Goods – <1%Other Revenues – 1%Franchise Taxes – 3%Accommodation-Admission Taxes – 2 %Specific Ownership & Tobacco Tax – 1%Sugar Tax – 1%Long-term Rental License Tax - <1%Food Service Tax - <1%Electronic Smoking Device Sales Tax - <1%Development Excise Taxes – <1%Other135,058,033 29%$471,372,04124
City of BoulderFinance DepartmentFranchise Taxes – 4%Accommodation/Admission Taxes – 4%Specific Ownership & Tobacco Tax – 1%Sugar Tax – 1%Long-term Rental License Tax – <1%Food Service Tax – <1%Electronic Smoking Device Sales Tax – <1%Development Excise Taxes – <1%Licenses, Permits & Fines – 5%Development & Impact Fees – 4%Grant Revenues – 1%Interest & Investment Earnings – 1%Leases, Rents & Royalties – <1%Misc. Sales of Materials & Goods – <1%Other Revenues – 1%Sales and Use Tax$141,001,909 48%Property Tax$53,116,630 18%Other$34,993,868 12%Other Taxes$33,435,826 11%Charges for Services$16,997,810 6%Intergovernmental Revenues$14,285,634 5%$293,831,6762022 Citywide Sources – Revenues (excluding Utilities)25
City of BoulderFinance DepartmentLicenses, Permits & Fines – 4%Intergovernmental Revenues –1%Interest & Investment Earnings – 1%Other Revenues – 1%Misc. Sales of Materials & Goods – <1%Grant Revenues – <1%Franchise Taxes – 6%Accommodation-Admission Taxes – 5%Specific Ownership & Tobacco Tax – 2%Food Service Tax – <1%Electronic Smoking Device Sales Tax – <1%Rec. Marijuana Excise Taxes – <1%Sales and Use Taxes $71,987,369 43%Property Tax$41,794,512 25%Other Taxes$25,140,415 15%Cost Allocation/Transfers$11,639,794 7%Other$10,930,028 7%Charges for Services $5,110,011 3%$166,602,1282022 General Fund Revenues26
City of BoulderFinance DepartmentHistory of General Fund Revenue27$158,651,344$148,112,727$157,485,934$166,602,128$135,000,000$140,000,000$145,000,000$150,000,000$155,000,000$160,000,000$165,000,000$170,000,0002019 Actual 2020 Actual 2021 EOY Estimate 2022 BudgetCompound Annual Growth Rate 1.6%
City of BoulderFinance DepartmentHow are Major Sources of General Fund Revenue Changing?Revenue2021ApprovedBudget$M 2021 EOY Estimate$M2022 RecommendedBudget$M2021 EOY – 2022Change$M, %2019 Actual -2022 %Change*Retail sales tax $45.89 $51.63$56.17$4.53, 8.8% 2.9%Total use taxes 10.46 11.9012.62$0.72, 6.0% 1.5%Property tax 39.64 39.6441.79$2.15, 5.4% 5.4%Accommodation tax 5.27 6.517.02$0.51, 7.9% -7.2%Parking related fees & fines 4.81 4.206.39$2.19, 52.3% 1.8%All other revenue 41.26 43.6142.61-$1.00, -2.3% -1.4%Total Revenue $147.33 $157.49 $166.60 $9.12, 5.8% 1.6%28Pre-pandemic to 2022*Compound Annual Growth Rate
City of BoulderFinance Department•Retail Sales Tax-May CU forecast-Average of the medium/low – 2022 8.8% increase over 2021 EOY forecast•Property Tax-2021 reassessment year for 2021 taxes payable in 2022-Preliminary assessed valuation (AV) from Boulder County-Overall ~ 2022 5.4%* increase over 2021 Approved Budget-Residential property values increased ~ 12%-Commercial property values remained nearly flat-Industrial property values declined slightly2022 Major Revenue Sources – Determining Factors29*2021 Approved Budget was based upon preliminary AV, % increase in 2022 preliminary AV from 2021 final AV is 6%)
City of BoulderFinance Department30Where do Retail Sales Taxes Go?
City of BoulderFinance DepartmentCity Sales and Use Taxes – Future Changes311.79% 1.79%1.64%1.79%1.91% 1.91%0.30%0.25%0.25%0.25%0.25%0.25%0.77%0.77%0.77%0.77%0.65%0.65%0.75%0.75%0.75%0.60% 0.60%0.60%0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%2021 2022-2024 2025-2029 2030-2034 2035 2036-2039General FundCommunity Culture & Safety TaxParks and RecreationOpen SpaceTransportationAt the end of:• 2021 • 0.3% Community, Culture & Safety Tax expires• 2024 • 0.15% General Fund Tax expires • GF total rate reduced for 5 years• 2029 • 0.15% Transportation Tax transfers to the General Fund• 2034• 0.12% Open Space Tax transfers to the General Fund• 2035• 0.25% Parks & Recreation Tax expires3.86%3.56%3.41%3.41%3.41%3.16%
City of BoulderFinance Department3.00% 3.00%3.85%3.46%4.15%3.46%3.85%3.50%3.53%3.85%3.65%4.81%3.86%0.00%1.00%2.00%3.00%4.00%5.00%6.00%7.00%8.00%9.00%10.00%Golden Lakewood Fort Collins Arvada(Jefferson)Broomfield* Arvada(Adams)Westminster(Jefferson)Lafayette Longmont Westminster(Adams )Louisville Denver* BoulderCountySCFDRTDStateCity7.50%7.96%7.55%7.50%8.15%8.21%8.35%8.49%8.52%8.60%8.64%8.81%8.85%Front Range Cities – 2021 Sales Tax Rates32*City and County combined
City of BoulderFinance Department2022 Property Tax33Boulder County Schools: 57¢Boulder County: 27¢City of Boulder: 14¢Special Districts: 2¢For every property tax $ collected in Boulder:General: 9¢Library: <1¢Parks & Recreation: 1¢General –Public Safety: 2¢14¢Community Housing Assistance Program: 1¢
City of BoulderFinance Department25.1848.15016.84111.98122.43816.33026.13112.79718.52028.38313.42028.3838.7550.00020.00040.00060.00080.000100.000120.000Denver* Westminster(Jefferson)Golden Boulder Lakewood Lafayette Broomfield* Fort Collins Louisville Arvada(Jefferson)Longmont Arvada(Adams)Westminster(Adams)SchoolDistrictCountyOtherTypicalMunicipalServices*City and County combined82.82587.84590.55491.39492.03593.56493.58496.49997.139105.450106.456Front Range Cities2020 Property Tax Rates for Taxes Paid in 20213474.19576.266
City of BoulderFinance DepartmentUse of Funds - Expenditures35
City of BoulderFinance Department2022 Recommended Budget(excluding Transfers & Internal Service Funds)36Total Budget$462,518,802 Operating Budget$300,093,670 General Fund$134,145,347Dedicated Funds$165,948,323Capital Budget$162,425,132Governmental Capital Fund$11,986,176Dedicated Funds$150,438,956
City of BoulderFinance Department37All Funds Budget History(Utilities Capital Categorized)$310,861,533 $295,920,760 $272,315,205 $300,093,670 $34,248,836 $19,778,826 $32,475,494 $42,399,965 $19,816,253 $23,079,968 $36,950,275 $120,025,167 $364,926,623 $338,779,554 $341,740,974 $462,518,802 $- $50,000,000 $100,000,000 $150,000,000 $200,000,000 $250,000,000 $300,000,000 $350,000,000 $400,000,000 $450,000,000 $500,000,0002019 Actual 2020 Actual 2021 Approved 2022 RecommendedOperatingCapitalCapital - Utilities
City of BoulderFinance DepartmentClimate Initiatives$6,373,015 1%Community Vitality$12,991,653 3%General Governance$13,862,456 3%Housing & Human Services$22,489,063 5%Internal Services$28,690,975 6%Library & Arts$11,971,107 3%Open Space & Mountain Parks$30,990,582 7%Parks & Recreation$28,189,667 6%Planning & Development Services $14,203,911 3%Police$40,486,348 9%Fire-Rescue$23,420,511 5%Facilities & Fleet$10,580,506 2%Transportation & Mobility$41,851,487 9%Utilities$174,198,150 38%Municipal Court$2,219,372 <1%$462,518,802City Attorney, Council – <1% City Manager’s Office – <1%General Government– <1% Communication – <1%Fundwide/Citywide – 2%Innovation & Technology – 2% Finance – 1%Human Resources – 1%Police/Fire Pensions - <1% 2022 Recommended Budget – Uses by Department38
City of BoulderFinance DepartmentClimate Initiatives$6,373,015 2%Community Vitality$12,991,653 4%General Governance$13,862,456 5%Housing & Human Services$22,489,063 8%Internal Services$28,690,975 10%Library & Arts$11,971,107 4%Open Space & Mountain Parks $30,990,582 11%Parks & Recreation$28,189,667 10%Planning & Development$14,203,911 5%Fire-Rescue$23,420,511 8%Police $40,486,348 14%Municipal Court$2,219,372 1%Facilities & Fleet $10,580,506 4%Transportation & Mobility$41,851,487 14%$288,320,652Fundwide/Citywide – 3%Innovation & Technology – 4% Finance – 2%Human Resources – 1%Police/Fire Pensions - <1% City Attorney, Council – 1.5% City Manager’s Office – 1%General Government – 1% Communication – 1%2022 Recommended Budget – Uses by Department (excluding Utilities)39
City of BoulderFinance DepartmentClimate Initiatives$3,813,778 2%Community Vitality$3,191,830 2%General Governance$13,862,456 8%Housing & Human Services$9,439,898 6%Internal Services$28,140,114 17%Library & Arts $9,328,004 6%Municipal Court$2,219,372 1%Parks & Recreation$4,990,873 3%Planning & Development Services $846,514 1%Police $40,342,484 25%Fire-Rescue$22,481,169 14%Facilities & Fleet$5,211,380 3%Transportation & Mobility, $526,250 <1%Transfers Out$20,263,007 12%$164,657,129City Attorney, Council – 2.6% City Manager’s Office – 2%General Government – 2% Communication – 1.8%Fundwide/Citywide– 6%Innovation & Technology – 5% Finance – 4%Human Resources – 2%Police/Fire Pensions - <1% 2022 General Fund Budget – Uses by Department40
City of BoulderFinance DepartmentOperating Budget Increases by Department2021 Approved –2022 Recommended41Department $ Increase % increaseCity Attorney's Office $ 433,322 12.4%City Council 52,784 12.9%City Manager's Office 533,430 18.3%Climate Initiatives 615,314 10.7%Communication & Engagement 367,552 14.4%Community Vitality 606,455 5.9%Facilities & Fleet 349,804 3.1%Finance* 666,493 12.6%Fire-Rescue 2,086,380 10.2%Housing & Human Services 2,779,373 13.9%Human Resources** 499,455 15.6%Innovation & Technology** 686,188 6.6%Library & Arts 1,619,427 17.7%Municipal Court 168,726 8.2%Open Space & Mountain Parks 1,780,089 7.5%Parks & Recreation 2,826,861 13.5%Planning & Development Services 1,170,477 9.0%Police 3,535,632 9.6%Transportation & Mobility 2,674,062 13.6%Utilities*** 5,861,042 11.9%*Net of self-insurance funds**Adjusted to reflect net of HR budget transferred to IT (during 2021) and Citywide (for 2022)*** Includes 2022 $5.5M increase to debt service
City of BoulderFinance DepartmentReserves42GFOA Best Practice minimum: 16.7% adjusted for specific risk factorsStandard and Poor's:Staff recommends goal of 20% General Fund reserves2022 Budget includes 19.5% in General Fund reserves (1% = $1.6M)“Reserves … provide a government with options to respond to unexpected issues and afford a buffer against shocks and other forms of risk.” GFOA
City of BoulderFinance DepartmentQuestions43
City of BoulderFinance DepartmentRestoration of Services 44
City of BoulderFinance Department•Seeks to Restore Most Critical Programs and Service Levels•Requests were Strategically Selected Using Multiple Criteria-Rapid Response Racial Equity Assessment-Areas that had Disproportionate Negative Impacts due to COVID-19-Reimagined Restored Programs and Services•Total Funding - $9,410,000Restoration of Services45
City of BoulderFinance Department•Communication & Engagement -Engagement and Outreach to Underserved Communities – Additional Resources to Increase Access and Build the Community Connectors Program -$174,648•Housing and Human Services -Youth Opportunities Program/Youth Opportunities Advisory Board – Reinstate Programs to Full Capacity -$85,700 -Human Services Fund Restoration - Support Nonprofit Agencies and Individuals and Families Affected by COVID-19 -$121,000Restoration of Services 46
City of BoulderFinance Department•Library and Arts-Partially Restoring Boulder Arts Week - $10,000-Restoring Cultural Grants - $157,250-Restore Services to Main Library and Three Branches - $780,205Restoration of Services 47-Restore Operating Budget for Canyon Theater - $108,660-Public Services and Materials Handling Temporary Support Staff - $101,432
City of BoulderFinance Department•Open Space & Mountain Parks-Restore Budget for Core Maintenance Activities and Implementation of Master Plan Strategies - $1,301,000•Parks & Recreation-Urban Parks – Deferred Maintenance and Increased Cleaning and Care of Parks -$360,535-Citywide Forestry Services – Enhance Health of the Urban Canopy with Return to Regular Pruning Cycles - $195,000-Community Events – Restore Community Events such as Arts in the Park and Snow Much Fun - $101,225-Program Coordinator -Support the EXPAND Program - $115,000-Rebuilding Community Focused Services – Additional Recreation Center Hours and Youth Programming - $597,500•Planning & Development Services-Restore Customer Service and Intake Team – Improve Customer Service and Processing Time - $263,400•Transportation & Mobility-HOP Service – Restore Majority of Base Level Service Plan and Restore Annual Contribution to Fleet for Electric Buses - $353,000Restoration of Services 48
City of BoulderFinance DepartmentRecommitment to Innovation and Service Excellence49
City of BoulderFinance Department•Remain Committed to Innovation, Equity, Data-informed Decision-making, and Continued Efforts to Improve Service•Lead in Areas our Residents Care Most About-Reinforcing our Commitment to Basic Human Needs-Addressing Issues Related to Policing with an Eye Toward Reform-Caring for Boulder’s Extensive Open Spaces, Parks, Libraries, Recreation Centers-Lifting Arts and Culture to Cultivate Creativity and Create Community•Total Funding - $8,175,000Recommitment to Innovation and Service Excellence50
City of BoulderFinance Department•City Manager’s Office/City Clerk -Equity Liaison – Creation of the Equity Liaison to Implement the City’s Newly Adopted Racial Equity Plan -$229,500-Police Oversight – Additional Programming to Enhance the Operations of the Office of Independent Police Monitor and Police Oversight Panel -$23,500•Communication & Engagement -Language Access Program Manager – Convert from Fixed-Term to Standard to Continue Development of the Language Access Plan - $127,250•Finance-Underserved Business Program Support – Proactively Increase Engagement with Underserved Business Community in Purchasing -$87,800•Fire-Rescue-Emergency Medical Service Program Funding – EMS Program Manager to Pursue Boulder Fire-Rescue Master Plan Goals of Improving Advanced Life Support -$241,300Recommitment to Innovation and Service Excellence51
City of BoulderFinance Department•Housing & Human Services -HOA Special Assessment Grant Pilot – Program Providing Grants for Special Assessments Levied on Permanently Affordable Units -$30,000-Substance Education and Awareness – Increased Programming for Substance Use and Abuse Prevention for Youth and Community Members Experiencing Discrimination -$250,000-Community Investments and Compliance Specialist – Support of Compliance Monitoring Related to Increased Affordable Housing Units across City-$97,600-Homeownership Program Coordinator -Support the Affordable Homeownership Program -$105,700-Eviction Protection and Rental Assistance Services (EPRAS) –Funding and Positions Needed for Implementation -$854,115Recommitment to Innovation and Service Excellence52
City of BoulderFinance Department•Innovation & Technology -Transform and Enhance Data Team – Support City Staff to Inform Decision Making And Improve Customer Service -$129,000-Digital Content Specialist (Split with Communications and Engagement) - Manage the Updated City Website -$146,500•Parks & Recreation -Improve Maintenance Sustainability – Restore and Enhance Maintenance for Downtown Area and Cemetery -$253,500-Stabilizing the Non-Standard Workforce –Creating Competitive Pay Structure to Attract Candidates for Recreation Operations and Programs -$200,000•Planning & Development Services -Record Coordinator -Digitize Records for Future Public Access -$147,600•Police-Police Reform - Leadership Training -$30,000•Transportation & Mobility-Core Service Program Improvements – Increased Snow & Ice Program Funding Reflective of Current Service Levels -$250,000Recommitment to Innovation and Service Excellence53
City of BoulderFinance DepartmentInvestment in Employees54
City of BoulderFinance Department•Ensuring that Boulder Continues to be an Employer of Choice•Bring back staffing capacity through standard positions (58.5 FTE) and fixed term position extensions (18.0 FTE) to provide community services that were reduced in 2020 or 2021 -$ amounts included in Service Restoration, Innovation and Service Excellence costs on previous slides•Increase salaries as negotiated for fire and police union employees. Restore merit increases for municipal union and non-union employees who have sacrificed an increase in pay for performance since Feb. 2020 -$3,300,000•Increase required pension contributions 0.5% for PERA employees effective July 1, 2022 -$214,000*•Medical plan costs-Increase medical premiums 6.8% to keep pace with the cost of care. - $850,000* -Build reserve for Self-Insured Medical Plan to cover unexpected catastrophic claims - $800,000Investment in Employees55*Employer Portion of Costs14511429147513761461030060090012001500'18 '19 '20 '21 '22Full-time Equivalents (FTEs)
City of BoulderFinance DepartmentCapital Improvement Program (CIP)2022 - 202756
City of BoulderFinance DepartmentCIP Projects57CIP projects are any major project requiring the expenditure of public fundsfor the purchase, construction, or replacement of the physical assets of the communityWonderland CreekScott Carpenter Pool
City of BoulderFinance DepartmentCIP Project Types58•Capital Maintenance and Enhancement•New Capital Projects•Capital Planning Studies; and•Land AcquisitionsOSMP Flood RecoveryBetasso Water Treatment Facility
City of BoulderFinance Department2022-2027 CIP Funding – by Department59 $- $20,000,000 $40,000,000 $60,000,000 $80,000,000 $100,000,000 $120,000,000 $140,000,000 $160,000,000 $180,000,000 $200,000,0002022 2023 2024 2025 2026 2027Community VitalityOpen Space & Mountain ParksParks & RecreationFacilities & FleetOtherTransportation & MobilityUtilities
City of BoulderFinance Department2022-2027 CIP Funding – by Department(excluding Utilities)60 $- $20,000,000 $40,000,000 $60,000,000 $80,000,000 $100,000,000 $120,000,0002022 2023 2024 2025 2026 2027Community VitalityOpen Space & Mountain ParksParks & RecreationFacilities & FleetOtherTransportation & Mobility
City of BoulderFinance Department2022-2027 CIP Funding – by Project Type61 $- $20,000,000 $40,000,000 $60,000,000 $80,000,000 $100,000,000 $120,000,000 $140,000,000 $160,000,000 $180,000,000 $200,000,0002022 2023 20242025 2026 2027New Facility/InfrastructureLand AcquisitionCapital Planning StudiesCapital MaintenanceCapital Enhancement
City of BoulderFinance Department•Water Utility202263rdSt. Water Treatment Facility (WTF) Plant Upgrades* $17,900,000 2022Betasso WTF Disinfection & Corrosion* $10,850,0002022Albion Dam* $9,870,000•Wastewater Utility2022Sewer Improvements* $44,500,000 •Stormwater & Flood Management Utility2022 S. Boulder, Gregory Canyon Creek Improvements $5,000,000 UtilitiesProject Highlights(*2022 Bond Projects)62
City of BoulderFinance DepartmentProposed Utility Rate ChangesProposed Rate ChangesSingle-Family Monthly Residential Bill2022 2023 20242021 RatesProposed 2022 RatesMonthly ChangeWater 7% 6% 6% $45.06 $48.21$3.15Wastewater 5% 5% 5% 39.32 41.291.97Stormwater/Flood Management 12% 12% 12% 19.64 22.002.36Total $104.02 $111.50$7.4863•To mitigate large rate increases within one year, the utility rates are held consistent in 2022-2024 to smooth the impact over multiple years.
City of BoulderFinance Department•Facilities2022Alpine Balsam Flood Mitigation $3,000,000 Governmental Capital Fund2023Alpine Balsam Campus – Pavilion Renovation $60,000,000Facilities Renovation & Replacement Fund•Innovation & Technology (IT) -Governmental Capital Fund2022Network Hardware replacement $460,000Human Resources Information System $1,250,0002023 Financial system replacement $5,100,000•Library -Governmental Capital Fund2022North Boulder Library $1,200,000 Facilities, IT & LibraryProject Highlights64
City of BoulderFinance Department•Open Space Fund2022Continue Maintenance and Stewardship Projects ("taking care of what we have")-Facility Repairs and Maintenance $400,000-Hire Youth Corps. and Contracted Crews for Trail Projects $255,000-Native Vegetation Restoration Along Boulder and South Boulder Creeks $140,000-Irrigation Infrastructure Improvement and Maintenance $117,0002022 Investment in Soil Health and Restoration of Agricultural Lands-Soil Health Improvement and Restoration on Unleased Agricultural Lands $87,000-Soil Health Improvement on Leased Agricultural Lands $85,000Open Space & Mountain ParksProject Highlights65
City of BoulderFinance Department•Transportation Fund 2022Pavement Management Program $4,850,000 28thSt. – Valmont to Iris (Grant Funded)$4,700,000Multi-Modal Enhancements2022/3 28thSt. & Colorado Ave. Intersection (Grant Funded) $2,630,00030thSt. Protected Bike Lanes (Grant Funded) 5,788,000Transportation & Mobility Project Highlights66
City of BoulderFinance DepartmentNext Steps 67•October 19 - 2022 Budget 2nd Reading – Public Hearing
City of BoulderFinance DepartmentQuestions68
City of BoulderFinance DepartmentMotion to introduce, order published by title only:-Ordinance 8505 adopting the 2022 Budget-Ordinance 8506 establishing the property tax mill levy for 2021 to be collected in 2022-Ordinance 8507 appropriating the 2022 Budget-Ordinance 8508 changing certain feesSuggested Motion Language69