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SUBJECT: 2019 UPDATE & 2020-2024 PROJECTIONS
<br />DATE: MAY 6, 2020 PAGE 4 OF 7
<br />The financial projections do not include any capital contributions to the City, developer
<br />TIF rebates, or developer assistance agreements after fiscal year 2020. The intent was
<br />to include only those expenditures that have been committed to, or are likely to be
<br />expended, by the District, including:
<br />• Payment to the City for support services;
<br />• Property tax refunds to Boulder County and the Fire District;
<br />• A small amount for professional services; and
<br />• Debt service.
<br />As previously mentioned, there are many assumptions applied to generate the
<br />projections. The most important of those assumptions are related to the assessed
<br />valuation. The following table summarizes assessed valuation and overlapping mil levy
<br />assumptions.
<br />2019
<br />2020
<br />2021
<br />2022
<br />2023
<br />2024
<br />Actual
<br />Estimate
<br />Projection
<br />Projection
<br />Projection
<br />Projection
<br />GrossAssessed Valuation
<br />65,711,407
<br />67,682,749
<br />69,036,404
<br />69,036,404
<br />70,364,763
<br />70,364,768
<br />BaseAssessed Valuation
<br />44,449,036
<br />44,004,546
<br />44,444,591
<br />44,000,145
<br />44,440,147
<br />43,995,745
<br />IncrementalAssessed Valuation
<br />21,262,371
<br />23,87ti,204
<br />24,591,B13
<br />25,C36,259
<br />25,924,622
<br />28,369,023
<br />Overlapping Mil Levies;
<br />Boulder valley Schaal District
<br />45.359
<br />48.843
<br />49.331
<br />49.824
<br />50.323
<br />50.826
<br />Boulder County
<br />23.473
<br />23.590
<br />23.703
<br />23.827
<br />23.W
<br />24.066
<br />City of Louisville
<br />7.934
<br />7.934
<br />7.934
<br />7.934
<br />7.934
<br />7.03-'
<br />Louisville Fire District
<br />10.586
<br />10.E-86
<br />10.5m
<br />10.536
<br />10.5w
<br />10.E36
<br />Northern Colorado },'dater District
<br />1.000
<br />1.000
<br />1.000
<br />1.000
<br />1.000
<br />1.000
<br />Urban Drainage & Flood Control
<br />0.900
<br />0.900
<br />0.900
<br />0.900
<br />0.900
<br />0.900
<br />Total Overlapping Levy
<br />922252
<br />92,853
<br />91459
<br />94.071
<br />94.639
<br />95,312
<br />GrossPropeft—axRevenue
<br />1,700,607
<br />1,961,496
<br />2,198,591
<br />2,298,334
<br />2,355,191
<br />2,454,765
<br />Collection Percentage
<br />96.90°%
<br />98.50°%
<br />93.50°%
<br />98.50°%
<br />93.50°%
<br />98.50°%
<br />Net Property Tax Revenue
<br />1,647,B55
<br />1,932,074
<br />2,165,612
<br />2,263,m
<br />2,319,B63
<br />2,417,D44
<br />Net Property Tax by Overlapping Entity:
<br />Boulder Valley Schaal District
<br />9G3,195
<br />1,012,804
<br />1.139.157
<br />1.194.942
<br />1,228.704
<br />1.235,025
<br />Boulder County
<br />443,159
<br />491,605
<br />550,199
<br />574,285
<br />587,587
<br />611,479
<br />City of Louisville
<br />146,342
<br />166,165
<br />185,045
<br />192,185
<br />195,653
<br />202,601
<br />Louisville Fire District
<br />123,323
<br />221,797
<br />246,999
<br />256,424
<br />261,058
<br />270,321
<br />Northern Colorado Water District
<br />18,445
<br />20,943
<br />23,323
<br />24,223
<br />24,661
<br />25,536
<br />Urban Drainage & Flood Cantral
<br />13.391
<br />13.3 B
<br />20.991
<br />21.901
<br />22.19E
<br />22.832
<br />Net Property Tax Revenue
<br />1,647,855
<br />1,932,074
<br />2,165,612
<br />2,283,859
<br />2,319,883
<br />2,417,1344
<br />Increases in the assessed valuation are based almost entirely on "organic" growth, using
<br />slightly lower percentages of increase than those presented in the past. Only one large
<br />project has been issued a permit: North End Commercial at 824 South. The projection
<br />model assumes this project becomes part of the District's assessed valuation in 2023.
<br />The following two charts summarize the preceding table.
<br />Agenda Packet P. 18
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