The Adopted 2013 Larimer County budget was prepared in compliance with state statute, generally accepted budgeting principles, funding agency requirements, and the budget priorities and directions of the Board of County Commissioners.
The Net Operating budget for 2013 is $222,441,967 which is a 1.2% decrease from the 2012 Original Net Budget and a 16.2% decrease from the 2012 Net Revised Budget.
The Adopted Total 2013 Larimer County Budget is $ 323,595,518. This represents a increase of 7.0% over the 2012 Original Budget of $302,326,879 and a 9.5% decrease from the 2012 Revised Budget.
The Adopted 2013 budget includes $32,650,372 in Capital Projects, $2,935,493 for High Park Fire Recovery Project and $2,318,500 for early retirement of debt. These expenditures are being financed by use of fund balance (reserves) that has been accumulated over several years.
After adjusting for internal transfers, special purpose sales tax collection and capital projects the 2013 Adopted Net County Operating Budget is $222,441,967.
|Description||2012 Adopted Budget||2012 Revised Budget||2013 Proposed Budget||2013 Adopted Budget||Pct. Chg from Revised||Pct. Chg from Original|
|Total County Budget||302,326,879||350,475,778||319,247,298||323,595,518||-9.5%||7.0%|
|Less Internal Transfers & Special Purpose Fds||29,027,507||38,781,808||30,032,988||30,032,656||-22.6%||3.5%|
|Less Sales Tax Collection & Debt Service||42,513,348||47,711,299||33,216,530||33,216,530||-30.4%||-21.9%|
|Less Facility Reconstruction (The Ranch)||-||0||14,350,000||14,350,000||NA||NA|
|Less Payoff Community Corrections Facility Debt Early||-||0||2,318,500||2,318,500||NA||NA|
|Less Road & Bridge CIP Projects||2,490,000||1,850,000||6,711,000||8,179,500||342.1%||228.5%|
|Less Capital Projects (Jail, Telecomm, Fleet, FITD)||3,049,109||3,670,219||10,120,872||10,120,872||175.8%||231.9%|
|Net County Operating Budget||225,246,915||258,462,452||222,497,408||222,441,967||-16.2%||-1.2%|
Overall Budget Strategy - The Adopted 2013 Larimer County budget is the first phase of a three-year plan to progressively reduce the County's General Fund allocations in response to a significant drop in revenue that will occur in 2015. This drop in revenue is the result of a failed proposal to extend an existing 0.2% sales tax dedicated to retiring indebtedness and operational expenses for the county-wide jail.
Budget Priorities - Larimer County uses a prioritization process to set budget targets. The Commissioners determine relative priorities for each of the services within the seven key outcomes/ends. These prioritization scores are then used to establish budget targets. Based on the priority rankings, the Commissioners included some extra steps in the typical annual budgeting process. Specifically, they asked the Senior Management Team and Chief Deputies from each department to recommend potential levels of budget reductions for each service for 2013-15. These recommendations were taken to a citizen's committee for comment. Using all of this input, the County Commissioners then established budget targets for 2013 for each County service.
Budget Requirements - The County Commissioners also identified additional requirements that the budget must address: