Budgetary Basis and Organization
The accounting system for Estes Valley Recreation and Park District is organized as a single enterprise fund, with revenues and expenses further classified into various departments (golf, marina, administration, etc.). The District budgets and reports on a calendar fiscal year. Sources of income include:
- Fees and charges
- Property taxes
- Interest and miscellaneous
Historically, fees and charges have accounted for 55 to 60 percent of total revenues, property taxes approximately 25 percent, and intergovernmental/grant sources about 15 percent. Recently, public funding for recovery from the 2013 flood and passage of a bond election in 2015 for construction of the Estes Valley Community Center have increased the grant and property tax shares.
Personnel costs account for almost two-thirds of operating expenses. Other primary expense categories (about 7 percent each) are operating supplies, facilities and equipment repairs and maintenance, and utilities and fuel.
The District has established a goal to make annual capital and facility improvement investments equivalent to at least 10% of operating expenses. This is accomplished by setting aside a percentage of fees and charges earmarked for facility improvements and leveraging other funding sources as available.
The District also strives to maintain a target operating reserve of at least 25 percent of annual base operating expenses. Maintaining the reserve is achieved by budgeting and meeting cost recovery and return-on-investment goals for each department.
2023 EVRPD Budget
2022 EVRPD Budget
2021 EVRPD Budget
2020 EVRPD Budget
2022 EVRPD Audited Financial Statements
2021 EVRPD Audited Financial Statements
2020 EVRPD Audited Financial Statements
2019 EVRPD Audited Financial Statements
2018 EVRPD Audited Financial Statements
2017 EVRPD Audited Financial Statements
2016 EVRPD Audited Financial Statements