2012 Budget - South Suburban Parks and Recreation

South Suburban Park and Recreation District
General Fund Budget Overview
Property Taxes
Property taxes are levied by the District’s Board of Directors. The levy is based on assessed
valuations determined by the County Assessors as of January 1 of each year. The levy is
normally set December 15 by certification to the County Commissioners to put the tax lien
on the individual properties as of January 1 of the following year. The County Treasurers
collect the determined taxes during the ensuing calendar year. The taxes are payable by
April, or if in equal installments, at the taxpayer's election, in February and June. Delinquent
taxpayers are notified in August and sales of the tax liens on delinquent properties are
normally held in November or December. The County Treasurers remit the taxes collected
monthly to the District less a 1.5 % collection fee. The annual budget for Property taxes is
based on the assessed valuation received from each county and the historical collection rate.
Below is a table showing the operating tax levy and taxes collected for the last ten years
(excluding debt service):
Operating Property Taxes
Est. Outstanding Percentage
Collection Operating Tax Delinquent Collected
Year Levy Collection Taxes to Levy
2001 $ 9,682,803 $ 9,550,793 $ 132,010 98.64%
2002 11,768,591 11,649,405 119,186 98.99%
2003 12,055,497 11,973,347 82,150 99.32%
2004 12,042,104 11,972,283 69,821 99.42%
2005 12,281,644 12,150,142 131,502 98.93%
2006 11,298,011 11,273,652 24,359 99.78%
2007 11,327,554 11,208,687 118,867 98.95%
2008 12,535,666 12,404,563 131,103 98.95%
2009 12,525,718 12,443,100 82,618 99.34%
2010 13,046,795 12,763,764 283,031 97.83%
2011 Estimate 13,279,104 13,146,313 132,791 99.00%
2012 Budget 12,563,551 12,437,915 125,636 99.00%
Specific Ownership Tax
This revenue source is collected by each of the counties the District is in (Arapahoe,
Douglas, and Jefferson). It represents the ownership tax portion of the vehicle registration
fee, which is based on the taxable value of the purchased vehicle. The County Treasurers
allocate and remit the taxes collected monthly to the District. The allocation is based on the
District’s property tax revenue as a percent of the total property tax revenue of all entities
within the county. The budget amount is generated using historical information and any
anticipated future changes in the market place.
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