HomeMy WebLinkAbout12ai CB58 COUNCIL COMMUNICATION
TO: Mayor and Council
FROM: Kevin Engels
DEPARTMENT: Finance
DATE: October 6, 2025
SUBJECT:
CB 58 - 2026 Budget Ordinances First Reading (City of
Englewood 2025 Mill Levies Collected in 2026)
DESCRIPTION:
2026 Budget Ordinances First Reading (1 of 5)
RECOMMENDATION:
Staff recommends City Council approve the first of five Ordinances for the City of Englewood
2025 Property Tax Mill Levies Collected in 2026
PREVIOUS COUNCIL ACTION:
January 25, 2025 - City Council Vision and Goal Setting Workshop
April 7, 2025 - Preliminary Budget Assumptions discussed for the 2026-2030 (5-Year)
Period
April 14, 2025 - Review Preliminary 2026-2030 Capital Projects List in a Joint Meeting
with City Council, Planning and Zoning Commission and Budget Advisory Committee
June 23, 2025 - Staff discussed with Council the preliminary 2026 operational and
capital budget priorities and initiatives.
July 28, 2025 - Staff Mid-Year Review of the 2025 Capital Items of the Capital
Improvement Plan (CIP).
August 11, 2025 - Staff discussed with Council the draft proposed 2026 operational and
capital budget.
September 15, 2025 - 2026 Budget Public Hearing - Staff presented changes to the
proposed 2026 operational and capital budget since the August 11, 2025 Study Session
with City Council. City Council supported the $200K funding request increase to the
Public Improvement Fund Neighborhood Traffic Calming and Pedestrian Safety Program
changing the funding estimate from $250K to $450K.
September 22, 2025 - Staff brought forward the list of capital items City Council had
mentioned during the Budget Public Hearing that could be funded with the $400K made
available with the Donors Fund contribution of $600K for the Little Dry Creek Plaza
Improvement Project.
o City Council supported the following additional projects for inclusion in the 2026
capital budget: Sidewalk Gap Construction Program ($200K), Walk and Wheel
Implementation Program ($140K), Neighborhood Traffic Calming and Pedestrian
Safety Improvements Program ($50K) and Emerald Ash Borer Grant Program
($10K).
o Additionally, the replacement of the Englewood and Malley Senior Recreation
Doors will also be included and funded at $60K each in the Capital Projects Fund
Page 606 of 1257
and the Conservation Trust Fund, respectively. In the meantime, City Council
has directed staff to request that the Malley Senior Recreation Door
Replacement be funded through the Malley Senior Recreation Trust Fund with a
2026 budget supplemental.
SUMMARY:
The Charter of the City of Englewood requires the City Council to adopt the next year's Budget
and Appropriation Ordinances no later than thirty days prior to the first day of the next fiscal year
to ensure there is legal authority to expend funds. (Article X, Part I, Section 90)
The City of Englewood 2026 Budget was developed over the past several months with
significant collaboration between the City Council and City staff. This year's budget process
leveraged our collective capacity to deliver quality city services, enhanced public safety, and
reinvigorated our existing city infrastructure. Despite the fiscal challenges, the budget maintains
our commitments through 2026. Continued long-term planning and prioritization with the City
Council and the community is necessary to ensure sustainability into the future.
ANALYSIS:
The City of Englewood Budget is balanced, as required by City Charter (Article X. Part 1.
Budget) and Financial Policies Resolution No. 27 Series 2022. This means that across all funds
for 2026, the city's estimated Revenues in addition to the beginning Fund Balance or Funds
Available meet or exceed the city's estimated Expenditures.
Governmental Fund Types: Fund Balance* + Revenues >= Expenditures
Proprietary Fund Types: Funds Available** + Revenues >= Expenditures
The estimated ending Governmental Funds Balance for 2026 is $20.3 million. The estimated
ending Proprietary Funds Available Balances for 2026 totals $51.4 million. The City's Funds are
detailed in the attached 2026 Consolidated Budget Summary Sources and Uses by Fund.
* Fund Balance = Assets less Liabilities
** Funds Available = Current Assets less Current Liabilities plus Principal portion of Debt
Service
PROPERTY TAX MILL LEVIES
Following are the 2025 Property Tax Mill Levies to be collected in 2026:
Estimate
Amount Mill Levy and Description
$ 6,500,000 5.880 Mill Levy - General Fund Operations
$ 2,000,000 1.817 Mill Levy - Debt Service Parks and Recreation Improvement Projects
General Obligation Bonds
$ 2,235,000 2.039 Mill Levy - Debt Service Police Headquarter Building General Obligation
Bonds
$10,735,000 9.736 Mill Levy - Total 2025 Property Tax Mill Levies Collected in 2026
Page 607 of 1257
COUNCIL ACTION REQUESTED:
Staff supports the 2026 Budget and is looking forward to Council's direction in developing future
budgets.
FINANCIAL IMPLICATIONS:
Please review the attached 2026 Consolidated Budget Summary Sources and Uses by Fund in
addition to the budget documents using the following link:
https://www.englewoodco.gov/government/city-departments/finance/budget-and-financial-
reports/budget-reports.
CONNECTION TO STRATEGIC PLAN:
First reading of the 2026 budget ordinances supports the Strategic Plan Governance
result/outcome
Governance - A city government that serves the community by being efficient, effective,
accountable, and adaptable
OUTREACH/COMMUNICATIONS:
The 2026 Budget Process included citizen input during the capital projects budget preparation
through the input of the following boards, commissions and committees: Planning and Zoning
Commission, Englewood Transportation Advisory Committee, Parks and Recreation
Commission, Library Board and Budget Advisory Committee.
Additionally the annual 2026 Budget Public Hearing held on September 15, 2025 provided an
opportunity for public comment regarding the operational and capital budgets.
ATTACHMENTS:
CB #58 - COE 2026 Budget
2026 Consolidated Budget Summary Sources and Uses by Fund
City of Englewood, Colorado Property Tax Calculation for $100K and $500K Property
Valuations
Page 608 of 1257
1
ORDINANCE NO. ____ COUNCIL BILL NO. 58
SERIES OF 2025 INTRODUCED BY COUNCIL
MEMBER _______________
A BILL FOR
AN ORDINANCE FIXING THE TAX LEVY IN MILLS UPON EACH
DOLLAR OF THE ASSESSED VALUATION OF ALL TAXABLE
PROPERTY WITHIN THE CITY OF ENGLEWOOD, COLORADO.
WHEREAS, it is the duty of the City Council of the City of Englewood, Colorado,
under the Englewood Home Rule Charter and Colorado Revised Statutes, to make the
annual property levy for City purposes; and
WHEREAS, the City Council has duly considered the estimated valuation of all the
taxable property within the City and the needs of the City and of each of said levies and has
determined that the levies as hereinafter set forth, are proper and wise; and
WHEREAS, the following levies are permitted under Article X, Section 20 of the
Colorado Constitution without a vote by the citizens.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF ENGLEWOOD, COLORADO, THAT:
Section 1. That there be and hereby is levied for the year of 2025, due and payable
as required by statute in the year 2026, a tax of 5.880 mills on the dollar for the General
Fund of the City of Englewood, Colorado; 2.039 mills on the dollar for the Englewood
Police Headquarters General Obligation Bond Debt Service Fund of the City of
Englewood, Colorado; and 1.817 mills on the dollar for the Englewood Parks and
Recreation Improvement Projects General Obligation Bond Debt Service Fund of the City
of Englewood, Colorado.
That the levy hereinabove set forth shall be levied upon each dollar of the assessed
valuation of all taxable property within the corporate limits of the City of Englewood,
Colorado, and the said levy shall be certified by law.
Section 2. General Provisions Applicable to this Ordinance
The following general provisions and findings are applicable to the interpretation and
application of this Ordinance:
A. Severability. If any clause, sentence, paragraph, or part of this Ordinance or the
application thereof to any person or circumstances shall for any reason be adjudged by a
court of competent jurisdiction invalid, such judgment shall not affect, impair or invalidate
the remainder of this Ordinance or its application to other persons or circumstances.
B. Safety Clauses. The City Council hereby finds, determines, and declares that this
Ordinance is promulgated under the general police power of the City of Englewood, that it
Page 609 of 1257
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is promulgated for the health, safety, and welfare of the public, and that this Ordinance is
necessary for the preservation of health and safety and for the protection of public
convenience and welfare. The City Council further determines that the Ordinance bears a
rational relation to the proper legislative object sought to be obtained. This Safety Clause
is not intended to affect a Citizen right to challenge this Ordinance through referendum
pursuant to City of Englewood Charter 47.
C. Publication. Publication of this Ordinance may be in the City’s official newspaper,
the City’s official website, or both. Publication shall be effective upon the first publication
by either authorized method.
D. Actions Authorized to Effectuate this Ordinance. The Mayor is hereby authorized
and directed to execute all documents necessary to effectuate the approval authorized by
this Ordinance, and the City Clerk is hereby authorized and directed to attest to such
execution by the Mayor where necessary. In the absence of the Mayor, the Mayor Pro Tem
is hereby authorized to execute the above-referenced documents. The execution of any
documents by said officials shall be conclusive evidence of the approval by the City of
such documents in accordance with the terms thereof and this Ordinance. City staff is
further authorized to take additional actions as may be necessary to implement the
provisions of this Ordinance.
Page 610 of 1257
2026 Consolidated Budget Summary Sources and Uses By Fund
Governmental Fund Types
General Fund 14,617,851 73,158,690 74,739,912 13,036,629 13,036,629 —
Special Revenue Funds
Conservation Trust Fund 494,408 420,000 652,603 261,805 —
261,805
Donors Fund 1,078,172 94,100 1,089,500 82,772 —
82,772
Malley Center Trust Fund 459,683 3,000 35,000 427,683 —
427,683
Parks & Recreation Trust Fund 141,636 2,500 15,000 129,136 —
129,136
Open Space Fund 604,758 1,600,000 1,307,325 897,433 —
897,433
Total Special Revenue Funds 2,778,657 2,119,600 3,099,428 1,798,829 —
1,798,829
Debt Service Fund
General Obligation Bond Fund 2,180,000 2,040,000 3,150,300 1,069,700 — 1,069,700
Police HQ GO Bond 181,954 2,238,250 2,223,300 196,904 —
196,904
Total Debt Service Fund 2,361,954 4,278,250 5,373,600 1,266,604 —
1,266,604
Capital Projects Funds
Public Improvement Fund 3,081,050 5,931,000 6,111,622 2,900,428 —
2,900,428
Capital Projects Fund 2,480,976 165,000 1,705,616 940,360 —
940,360
Police HQ Construction Fund 730,911 50,000
570,100 210,811 —
210,811
Total Capital Projects Funds 6,342,937 6,196,000 8,388,338 4,150,599 —
4,150,599
Total Governmental Funds 26,101,399 85,752,540 91,601,278 20,252,661 13,036,629 7,216,032
Estimated
Beginning
Balance
Sources of
Funds
Uses of
Funds
Estimated
Ending
Balance Reserves
Estimated
Unappropriated
Balance
Continues on Next Page
City of Englewood, Colorado 1 BUDGET 2026
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2025 Consolidated Budget Summary Sources and Uses By Fund
Continued from Previous Page
Estimated
Beginning
Balance
Sources of
Funds
Uses of
Funds
Estimated
Ending
Balance Reserves
Estimated
Unappropriated
Balance
Proprietary Fund Types
Enterprise Funds
Water Fund 30,542,987 35,938,312 53,969,012 12,512,287 — 12,512,287
Sewer Fund 12,946,172 37,188,127 28,123,237 22,011,062 — 22,011,062
Stormwater Drainage Fund 9,670,317 3,974,600 5,108,985 8,535,932 — 8,535,932
Golf Course Fund 901,747 4,102,359 3,541,004 1,463,102 — 1,463,102
Concrete Utility Fund 1,866,102 1,153,600 1,214,650 1,805,052 — 1,805,052
Housing Rehabilitation Fund 1,320,215 138,625 457,719 1,001,121 — 1,001,121
Total Enterprise Funds 57,247,540 82,495,623 92,414,607 47,328,556 — 47,328,556
Internal Service Funds
ServiCenter Fund 1,316,004 2,802,905 2,767,715 1,351,194 — 1,351,194
Capital Equipment Replacement Fund 3,098,296 832,924 2,050,000 1,881,220 — 1,881,220
Risk Management Fund 388,685 2,929,972 2,962,484 356,173 — 356,173
Employee Benefits Fund 677,857 7,108,981 7,323,220 463,618 — 463,618
Total Internal Service Funds 5,480,842 13,674,782 15,103,419 4,052,205 — 4,052,205
Total Proprietary Funds 62,728,382 96,170,405 107,518,026 51,380,761 — 51,380,761
Total All Funds 88,829,781 181,922,945 199,119,304 71,633,422 13,036,629 58,596,793
City of Englewood, Colorado 2 BUDGET 2026
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City of Englewood, Colorado - Property Tax Calculation Example
RESIDENTIAL NON-RESIDENTIAL
2025 Mill Levy 2025 Mill Levy 2025 Mill Levy 2025 Mill Levy
Payable in 2026 Payable in 2026 Payable in 2026 Payable in 2026
Real Property Market Value A 500,000$ 100,000$ 500,000$ 100,000$
Assessment Ratio B 6.250%6.250%27.000%27.000%
Assessed Value C = A * B 31,250$ 6,250$ 135,000$ 27,000$
General Operations Mill Levy D 5.880 5.880 5.880 5.880
Mill Levy Per Dollar E 0.001$ 0.001$ 0.001$ 0.001$ Taxes Paid for General Fund Operations F = C * D * E 183.75$ 36.75$ 793.80$ 158.76$
Real Property Market Value G 500,000$ 100,000$ 500,000$ 100,000$
Assessment Ratio H 6.250%6.250%27.000%27.000%
Assessed Value I = G * H 31,250$ 6,250$ 135,000$ 27,000$
Debt Service Mill Levy General Obligation Bonds-Police Headquarters (2.039 mills)J1 2.039 2.039 2.039 2.039
General Obligation Bonds-Parks & Rec Improvement Projects (1.817 mills)J2 1.817 1.817 1.817 1.817
J 3.856 3.856 #3.856 3.856
Mill Levy Per Dollar K 0.001$ 0.001$ 0.001$ 0.001$ Taxes Paid for General Obligation Bonds Debt Service L = I * J * K 120.50$ 24.10$ 520.56$ 104.11$
Real Property Market Value M 500,000$ 100,000$ 500,000$ 100,000$
Assessment Ratio N 6.250%6.250%27.000%27.000%
Assessed Value O = M * N 31,250$ 6,250$ 135,000$ 27,000$
Combined General Operations and Debt Service Mill Levies P 9.736 9.736 9.736 9.736
Mill Levy Per Dollar Q 0.001$ 0.001$ 0.001$ 0.001$ Total Property Taxes Paid to City of Englewood R = O * P * Q 304.25$ 60.85$ 1,314.36$ 262.87$
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