Community Collaboration Committee • MD created in 1989 by vote MD Services Services MD may • Created with a goal of 25% savings to Delivered Today deliver in the FUTURE average KCR homeowner if there is Community Demand • Possible tax savings Park and Recreational Television Relay and • Possible savings due to operational Facilities Translation Facilities efficiencies or tax benefits Park and Recreational Transportation Services • Done by shifting as many applicable Programs Mosquito Control costs to MD as possible
Why Was This Workgroup Created? Ken-Caryl Ranch Community Goal : Create financial stability for our community and to Our community THRIVES when both orgs thrive facilitate predictable delivery KCRMD KCRMA of goods and services to the “Metro District” “Master Assoc.” PUBLIC Entity PRIVATE Entity Ken-Caryl Ranch community. Coven/Arch. Control From the SERVICE PLAN : The group takes direction Trash / Recycling Parks from the community. Community Planning Youth / Child Care Open Space Mgmt Tennis Equestrian Center Facilities / Rec Centers Communications Aquatics / Pools Common Functions: Admin, HR, Finance/Accounting, Legal 2
What We Can Control and What We Can’t WITHIN Our Control OUTSIDE Our Control • Reducing expenses/creating efficiencies ◦ RAR anticipated 17% reduction for 2022 which equates to approximately • Eliminating services $650,000 • Request voter approved mill increases ◦ Pandemics • Establishing revenues through fees and ◦ Gallagher limitations (repeal effort on services provided November ballot) ◦ Home valuations ◦ Increase in the cost of doing business 3
MD Financial Condition ▪ Property tax is stable until 2022 (17% predicted reduction) ▪ Revenues are down $566K over same period last year; 36% expenses are down $434K over same period last year ▪ Operations are unsustainable into 2021 62% ▪ Operating cuts and elimination (water, fertilizer, supplies, 2% maintenance, staffing, etc.) ▪ No forestry employees since May of 2020 Property Tax Other Fees ▪ $149,000 of unfunded/delayed capital projects
Triggers Creates a Major Net tax revenue Change in = conversation to: expenses or community reduction in priorities; Address the financial issues revenue change based Work together for the on data community Create financial stability
Coming Back to Community Collaboration Committee 1 2 3 4 5 6 1 2 3 4 5 6 MD Dissolved MD Pays for Services MD is Rec-Only Status Quo MA Pays for Services MA Dissolved provided by MA district (Do Nothing) provided by MD • Predictable rev’s • MA pays for Cap Ex for • Many of the MD • Path of least resistance • Taxes could be • May reduce $ of one PRO’s • More privatization • Wait-and-see the MD expenses eliminated reduced of the managers • Reduce duplication of • MD has small % of • No staffing changes • Reduce duplication of approach services & support property services & support services (HR, etc.) services (HR, etc.) • MD can’t dissolve until • MD still needs funding • Service plan will need • RAR year to year is • HOA dues increase • Private OS lands 2024 when bonds to pay for services to to be updated unpredictable (unknown by how become public lands CON’s • District Manager with • Spend $20k if we ask • Doesn’t address MD repaid the MA much) • Loss of MD tax • Costs incurred to move • Service plan will need recreation director for another tax revenues that are benefits some employees to background may be increase in 2024 to be updated unpredictable • Jeffco leases • Will MD need reserves • Will need to shift • Super-majority vote the MA difficult to find • Dissolution costs $90k to fund ops? some $’s for services may be req’d & 1-year from MD/Taxes to • MA would buy-back MA/HOA fees MD assets 6
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