On the agenda: Snowmass Village Financial Advisory Board 9/23/2026 — License Plate Reader (Sep 23)

Financial Advisory Board
Wednesday, September 23, 2026
9:00 AM
130 Kearns Road
Small Conference Room
Snowmass Village, CO 81615
Agenda
1.

Call to Order

2.

Approval of Minutes
2.A. Approval of 6/10/2026 Minutes

3.

Items for Discussion
3.A. 2027 Budget Message
3.B. 2027 Budget Presentation

4.

Next Meeting Date

5.

Adjournment

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TOWN OF SNOWMASS VILLAGE
FINANCIAL ADVISORY BOARD
June 10, 2026
Item No. 1: ROLL CALL
FAB MEMBERS PRESENT:

Phil Sirianni Jr, Andrew Light, Jim Shallcross, Shawn
Gleason, Brooks Tanner, and Duncan Mendelsohn

FAB MEMBERS ABSENT:

Scott Hanson

STAFF MEMBERS PRESENT:

Marianne Rakowski, Finance Director; Brandi Lindt,
Assistant Finance Director; Emily Flood, Sales Tax and
Financial Analyst Clint Kinney, Town Manager

OTHERS PRESENT:

Paul Kane, Eide Bailly

Item No. 2: APPROVAL SEPTEMBER 17, 2025 MINUTES
Sirianni motioned to approve the minutes Tanner seconded, and all members were in favor.
Item No. 3: REVIEW OF 2025 FINANCIAL STATEMENTS
Paul Kane, Audit Partner from Eide Bailly introduced himself. Kane mentioned he has been at Eide
Bailly for 23 years and has been the Snowmass audit partner for 3 years now. Kane presented the audit
letter and financial statements to the Financial Advisory Board. Kane explained that the Town’s
statements were presented fairly, in all material respects and the Town received a clean unmodified
opinion which is the best you receive on the financial statements.
Kane mentioned that note 13 is the correction of an error that consisted of staffs discovery of Town
property that had been acquired by non-financial transactions in the past that needed to be added to the
Town’s assets. This did not create any findings by the auditors.
Kane reviewed some charts in the management’s discussion and analysis with the board. He explained
that the MD&A is comparative and shows two years, but the financial statements only show one year.
He noted that the net position has increased over the previous year and that is a very healthy indication.
The FAB didn’t see any reason that they shouldn’t accept the audit and approved the attached resolution
to send to the Town Council. Sirianni motioned to approve the attached resolution and Tanner seconded.
All members were in favor.
Rakowski gave the board a financial update that showed how each fund ended the 2025 calendar year.
She also discussed the carryforward for projects for 2026. She explained these were mainly in the CIP
but there were some vehicles from the CERF that were also carried forward.

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Kinney mentioned that 2025 was a good year, but that there could be some economic disturbances with
the closure of the airport and the Viewline construction in 2027. So the Town has set aside additional
reserves that could be used due to these impacts over the next few years.
Item No. 4: Next Meeting
The next meeting will be the budget meeting in September.
Item No. 5: ADJOURNMENT
Tanner motioned to adjourn. All members were in favor.

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October 5, 2026
Snowmass Village Town Council,
The Town Manager, per the Home Rule Charter, is required to present the proposed
budget for the ensuing fiscal year to the Town Council for consideration and action.
Town Staff is pleased to present the proposed 2027 annual budget. This budget serves
as the basis for our financial and operating plans for the 2027 calendar year. As such,
this is a significant policy document; one the Town Council should ensure meets
adopted policy objectives and Town Council goals. As the Council reviews this
proposal, it needs to confirm that Council priorities are being met, and that investments
in staffing, capital improvements, and programs are appropriately allocated to meet
Council goals and serve the community.
Due to the 2026 low-snow ski season, the 2027 proposed budget is exceptionally tight.
With fewer visitors, critical winter-time revenues came in lower than budgeted and the
2026 projected revenues reflect that reduced activity.
Although 2025/2026 was a low-snow season, we are approaching the 2027 budget with
cautious optimism and don’t expect the low- snow to be a trend. Expenditures are
being planned for an average ski season so that we can fully support necessary
operations. At the same time, our revenue forecasts remain conservative. Even with this
careful approach, 2027 operational revenues are budgeted to fully cover all operational
expenditures, positioning us well should we have an average or better snow season.
In planning for 2027 and beyond, we are also mindful of several external factors that
may influence visitation, including the scheduled airport closure next summer and
anticipated renovation activity at a major hotel and other commercial properties in the
coming years. Understanding that these developments may temporarily affect guest
traffic, we have proactively prepared for their potential impact through the creation of a
dedicated reserve called “Known Economic Disturbances”, should these conditions
materialize in such a way as to affect revenues. With this additional safeguard in place,
we are well positioned to navigate any short-term disruptions while continuing to support
consistent operations and service delivery.

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Throughout the past years, the Capital Improvement Program (CIP) has primarily been
funded with unspent/saved funds built up from conservative budgeting and
management practices. Over the past few years, the Town has invested these
considerable savings into completing a number of significant projects. As projected,
completing these projects has reduced the funds available for future projects. In order to
be responsive to the decreased funds available, going into the 2027 budget process,
staff identified a number of priority projects and other projects that needed to be pushed
to future years or reduced in scope. Should 2026 end financially stronger than currently
anticipated, staff will possibly ask Council to approve additional projects when we
present the 2026 year-end financial update in April of 2027.
With the above in mind, the 2027 budget and its associated policies will continue to
keep a wide array of financial precautions and safeguards in place.
The Strategic goals and areas of concentration this budget aims to meet are based on
initiatives outlined in the Comprehensive Plan, including:

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STRATEGIC INITIATIVES OF SNOWMASS VILLAGE
Preserve and protect open spaces and our environment to ensure that nature is
and remains the dominant feature on the landscape.
Promote environmental and economic sustainability and resiliency.
Focus on improved access and safety to make Snowmass Village more walkable
and bikeable.
Continue to improve the multi-modal connections between Base Village, the Mall
and the Center.
Manage parking and transit to encourage efficient, effective, and sustainable
mobility choices.
Focus new development and/or redevelopment within the identified CPAs.
Encourage the update and renovation of older buildings Village-wide.
Strengthen local economic opportunities to assure vibrancy.
Continue to support a viable workforce and our commitment to workforce housing
by exploring opportunities that best balance the character and resources of the
Town

In 2025, the Town Council adopted an overarching priority to:
Passionately Protect the Community Character of the Village by Promoting
Balance and Emotional Connectivity
With the Council’s efforts focused on these specific projects:
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Identify & Provide More Affordable Housing
Embrace High Quality Balanced Destination Management
Develop a Detailed Area Plan in and Around the Snowmass Mall
Strengthen Community Engagement to Foster Emotional Connectivity
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A Continued Commitment to Sustainability and Resiliency
Help Year-round Residents Thrive, Not Just Survive
Investing in Community Infrastructure

WHAT IS IN THE BUDGET
The budget document shows the Town’s short-term projections. In addition to this work,
staff also completes a long-term budget projection spanning five years. The 2027
budget has been prepared with the assumption that we will be functioning at typical
levels for Town operations including snow removal, transportation, and special events.
As currently presented, the 2027 budget shows that the Town will generate
approximately $144 million in revenues and $155 million in expenditures. To state the
obvious, the major project within these budget numbers is the Draw Site at $76M.
Investments in capital projects are funded from a variety of sources including “funds
available” set aside for these purposes. The five largest capital improvement projects
are:
1) The Draw Site Employee Housing Project
2) The Mall Transit Center
3) The Little Red Schoolhouse completion
4) The Sky Cab (Skittles)
5) The Mountain View I Exterior Renovations
The Town continues to adhere to a fiscally conservative budget policy as evidenced by
the annual budget process putting many financial safeguards in place. These
precautions include:
• Adding an ‘economic disturbance reserve’ for temporary disruptions
• Maintaining a 30% operational reserve.
• Maintaining and fully funding the vehicle capital equipment replacement reserve
(CERF)
• Maintaining the RETT reserve at $5.5 million
• Maintaining and fully funding a building capital reserve/ maintenance program to
address capital depreciation (BERF).
• Earmarking one-time revenues for one-time expenses
• Ensuring that on-going expenses are kept in line with on-going revenues.
These conservative fiscal policies and safeguards were developed and put in place to
use in case of financial crises or the proverbial no snow year. The Town’s revenue has
held steady with some revenues continuing to increase and other revenues budgeted
to decrease from 2026 budgeted due to the low snow year. Revenue increases are
mainly due to increases in County sales taxes, transportation grants, solid waste fees
and recreation revenues. Revenue decreases are in Town sales taxes, building and
plan check revenues and ski company revenues.
As a reminder, while the Town of Snowmass Village budget is adopted annually,
adjustments can be made within a department by the Town Manager throughout the
year. Any such formal adjustments that were made to the 2026 budget are included in
the 2026 budget numbers. The 2026 projection column includes adjustments that staff
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anticipates that will impact the 2026 budget numbers either positively or negatively to
arrive at a better projection of the year-end fund balance that will carry forward to 2027.
Budget Philosophy:
The Annual Budget Shall be Balanced and Presented in Accordance with the
Town Charter
• A balanced budget limits expenditures to available resources.
Identify Opportunities for Cost/Service Efficiencies
• Continue to minimize expenditures by looking for cost efficiencies through
purchasing, technology and organizational management.
Use Most Restricted Funds First
• Apply expenditures, where appropriate, to the most “restricted” funds first,
thereby freeing up additional “unrestricted” funds for other expenditures.
Equipment Replacement Programs
• The Capital Equipment/Vehicle Reserve Fund (CERF) was created to account for all
governmental equipment and vehicle purchases. The reserve fund also establishes a
level amount of funding from year-to-year. Transfers from other funds and grants are
the current funding sources. Proprietary funds account for their own
vehicle/equipment purchases.
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The Building Equipment Reserve Fund (BERF) was created to account for the
replacement and repairs of the Town’s equipment within the buildings as well as for
the Town’s snowmelt systems. Transfers from other funds are the current funding
sources. Proprietary funds account for their own equipment/systems.

Use One-time Funds for One-time Costs
• One-time revenues, such as “windfalls”, year-end operational balances and grant
revenues shall be used to pay for one-time items, such as capital improvements,
discretionary items, limited grants and donations or any limited-term
expenditures. One-time revenues should not be used for on-going expenses.
Identify Capital Improvement Projects
• The Capital Improvement Program (CIP) is intended to provide one fund for
large-scale projects and their funding sources. This fund will identify future
projects and potential funding sources in order to begin the planning process for
these critical projects. Because of the extended planning horizon for large plans,
more projects may be identified in the CIP than there are funds available for the
projects. This planning list is to be used to prioritize projects and, except for the
adopted budget, is not a commitment to complete the project. Projects will not be
approved and started until adequate funds/proceeds are on-hand and available.
This final approval is done through the annual budget process. Operating and
maintenance costs need to be taken into consideration for all capital

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improvements and must be budgeted in the appropriate funds.
General Reserve Policy
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Both the General Fund and Tourism Fund will each maintain a minimum of 30%
of operating revenues in an emergency/contingency reserve. The RETT Fund
has a flat $5.5M emergency/ contingency reserve requirement.

REVENUE ASSUMPTIONS
The 2027 budget was prepared with the following Major Revenue assumptions:
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Property taxes for 2027 for the General Fund and the Road Fund are budgeted
at the full mill levy for both funds to collect 100% of allowable revenues to
support ongoing services and road maintenance and repairs.
The 2027 General Fund and Tourism Fund sales taxes are projected to increase
by .26% from 2025 actuals. The 2026 projection includes the actual sales taxes
received through May of 2026 plus a 0% increase for the months of June through
December 2026 over 2025 actual. For the 2027 budget, staff used the 2026
projection and applied a 3% increase.
County sales tax revenues are budgeted at a 3% increase over 2026 projected
amounts. The 2026 projected was developed with the actual sales taxes received
through May of 2026 plus a 0% decrease for the months of June through
December 2026. This equates to a 3.21% increase over 2025 actuals. This
continues to be a conservative approach to projecting sales tax revenues.
Lodging Taxes are budgeted for 2027 as a 3% increase over 2026 projected
revenue. The 2026 projection includes the actual lodging taxes received through
May of 2026 plus a 0% increase for the months of June through December 2026.
This equates to a 1.40% increase over 2025 actual. Again, this is a conservative
approach to projecting this revenue stream.
Annual building permit revenues from Community Development are budgeted
lower in the 2026 projections from the 2026 budget by $150,000, as 2026 has
been slower than normal this year for building permits. Plan review fees are also
slower and projected down by $185,000. Both of these revenue sources are
adjusted for the 2027 budget to reflect the adjustment to 2026.
There are no new large scale development review revenues (a source of onetime finds), such as Base Village, budgeted in the General Fund for 2027.
For the 2026 projected budget, the Recreation Center cost recovery is expected
to be at 55.5%, which exceeds the goal for the Recreation Center cost recovery
policy of 50% as adopted in the POSTR plan. The 2027 budget projects the cost
recovery at the Recreation Center to be at 54%.

OTHER REVENUE PROJECTIONS INCLUDE:
• The rents charged for workforce housing rental units are budgeted to increase an
average of 4.9% increase in rental revenues across all three funds for 2027. As
stated in the budget message last year, the Town is adjusting rents to ensure

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that rental increases are in line with expenditure increases and to be able to
continue with funding the employee housing renovation program.
A new revenue source from SB230 is a state grant awarded to entities to expand
transit services. The town is using these funds to expand our “ride request”
service to include all public paved roads within Snowmass Village. This funding
will support the hiring of two new full-time year-round drivers as well as fuel and
maintenance expenses for the vehicles. The service will match the expanded
service pilot program that was operated in the summer of 2025.
Parking revenues in 2027 for the numbered lots reflect the proposed 33%
increase in permit fee prices.
Solid waste rates are budgeted to increase in 2027 by 2.5% as staff leveled out
the annual increases.
Revenues from recreation center memberships are budgeted to increase in 2027
from the 2026 budget to $895,000 from $865,000 based on historical revenues.
The 2027 budget for recreation fees was increased by $20,000 over the 2026
budget to reflect historical revenues.
Short-term rental fees are budgeted at $480K per year for 2027, the same as in
2026. These proceeds are budgeted as revenues in the Housing Fund and will
be dedicated to workforce housing needs.
Interest income was increased across all funds in the 2026 projected budget. In
2027, staff is projecting some decreases partly due to possible gradual
decreases in interest rates and partly to a decrease in fund balances for CIP
project expenditures in 2026.
The annual contribution from the Ski Company came in lower in 2026 than
budgeted due to the low snow year and lower than expected skier numbers.
2027 is budgeted based on the average number of skier visits from the last two
ski seasons and the annual increase in the per skier rate.
Marijuana and tobacco tax collections have slowed again in 2026, and the State
of Colorado is no longer sharing their revenues with the municipalities, therefore
the 2026 projected and the 2027 budgets are budgeted down from the 2026
adopted budget.
2026 projected Real Estate Transfer taxes are budgeted to come in lower than
the 2026 budget for resales by $851K based on year-to-date collections being
down 16% from 2026 budget. 2027 is budgeted slightly higher than 2026
projected. In addition, the Town is budgeted for the sales of 10AB units in the
amount of $1,740,000.
Excise Taxes are projected in 2026 to collect $225,000 (originally budgeted at
$175,000). Because of the unpredictable nature of this revenue, 2027 is
budgeted back to $175K per year.
Parking Violations are budgeted down from the 2026 budget, but equal to the
2025 actual number at $75,390 for the 2027 budget.

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PERSONNEL COSTS
Funding salaries and benefits continues to be the cornerstone of the 2027 proposed
budget. As a service-centered organization, personnel costs continue to be a large,
critical proportion of the budget. Each year there are numerous requests to increase
staffing levels.
Overall, with the below changes, the increase in personnel costs from the 2026 budget
to the 2027 proposed budget is 2%.
With the goal of being able to recruit and retain the best talent possible, after careful
analysis and consideration the following are included in the 2027 budget:
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After reviewing and analyzing numerous requests for new positions, only two fulltime year-round positions were added to the budget in 2027. Two FTYR bus driver
positions were added to the budget as they are mostly being funded through the
grant from the State (SB 230) for on demand bus service.
• Requested positions that were not included in the budget include:
Construction/Code Inspector FTS, Police Officer I, Housing Administrative
Assistant-PT, Head Lifeguard, Irrigation Technician FTS, Fleet Parts and
Inventory Specialist, Natural Resources Manager, Sustainability Specialist PT to
FT.
• It continues to be imperative to maintain competitive wages and total
compensation. To this end, following an updated wage study, the 2027 budget
includes a 5% merit pool for employee performance reviews.
• A 5% increase in the Town’s contribution for employee health insurance
coverages is included.
• Recognizing employee progressions within their positions, the 2027 budget does
include one promotion in each of the following departments: Housing, P.W. Fleet
Services and Transportation. In addition, there were a number of positions
reclassified to higher grades due to a market study conducted.

THE TOURISM FUND
In 2027, the Tourism fund will be transferring $2,275,000 to the CIP Fund to be
reserved for future workforce housing opportunities. In ADDITION to this transfer for
future projects, the Tourism Fund is budgeting $3,000,000 towards debt service on the
Draw Site workforce housing project and $802,000 towards COP lease payment on the
Snowmass Center land acquisition to build future employee housing units.
The Tourism Fund is also reserving for unknown economic disturbances in the amount
of $4,000,000. This is increased from the original amount of $2,000,000 set in April due
to the heavy reliance of both sales and lodging taxes that support this fund.

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THE REOP FUND
The Renewal Energy Offset Program Fund supports and promotes renewable energy
efforts within the Town. The ordinance establishes building efficiency standards that
exceed those required under the Town’s Energy Conservation Code. The revenues
derived from in-lieu fees establish a funding mechanism to facilitate to enhance energy
efficiency projects in the town. The REOP Fund has a fund balance of just over
$1,000,000 projected at the end of 2026. In 2026, a part-time employee was added and
is being funded through this fund and continues forward in this budget. This funding is
earmarked to address the Council’s goal of a Commitment to Sustainability and
Resiliency.
OTHER NOTEWORTHY DEPARTMENTAL EXPENDITURES
• 2026 celebrates the last payment on the COP for the Town Hall and the Bond
Issue for the Recreation Center!
• The Sales Tax Rebate to residents is budgeted at $200 per resident. When the
Town increased to this amount in 2026, it increased the number of rebates
processed from 900 to 1,102, a 22% increase. This increase was made in
support of Council’s goal to help year-round residents thrive, not just survive.
• The Solid Waste Department is budgeting $40,000 to improve the residential
portion of the composting project by relocating or increasing the program to an
additional location as staff evaluates current operations and programming.
• As a result of our expanded transit service, the Town will stop the old ‘Dial-aRide’ service, which provided subsidized rides to Snowmass Village residents
outside of the village shuttle service area.
• With the goal of increasing ridership, the Transportation Department has
budgeted $25,000 to develop a pilot program that will reward residents and
employees for utilizing alternative forms of transportation (non-single occupant
vehicles) for commuting within and to Snowmass Village.
• The Police Department is budgeting $120,000 annually for the modernization of
body-worn cameras, in-car camera systems, report writing systems, drones and
tasers. This approach will lock-in pricing for a 10-year period, providing
significant long-term cost savings including automatic hardware replacements,
equipment refreshes and software upgrades. The new software will connect
seamlessly with 911 dispatch and strengthen evidence management, which will
reduce administrative burdens and improve transparency and accountability.
• The contribution from the Tourism Fund to the CIP Fund is budgeted to increase
to $1,363,800 to be added to the $3,636,200 reserved in the CIP Fund for a total
of $5,000,000 for the replacement of the Skittles gondola projected to take place
in 2027.
• The Town recently moved to a new credit card processor for the Recreation
Center and is expecting to reduce our credit card fees from $188K in 2025 to
$75K per year starting in 2027.
• The I.T. division continues to budget for projects to support Cybersecurity
Protection and the upgrading of infrastructure, computers, software licenses and
camera’s.

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In the continued partnership with the Fire Authority and the Town, the Town
budgets $40,000 per year to support costs of the wildfire detection AI camera.
The Town Council budget also includes up to $20K for Wildfire Collaborative
membership fees. The General Fund has also been budgeting $100K for wildfire
mitigation, but this expenditure has been moved to the CIP Fund and has
increased to $200K. As you are aware, the Fire Department is putting forth a
ballot question in November asking voters to approve a sales tax increase to
support staffing and wildfire mitigation.
The Town will continue the annual contribution of $80,000 towards the Vital
Mental Health Services Program, $35,010 towards the Homeless program and
$41,500 for the PACT program in 2027 for a total of $156,510.
In 2026, the Town budgeted $220,000 for Charitable grants, however the Town
granted $240,000, so for 2027, we are budgeting $240,000.
The Town is budgeting our property and casualty insurance costs with a 17%
increase based on our quote. This increase is due to an increase in our property
values as updated by a third-party appraiser from CIRSA and adverse state-wide
changes in the liability environment for law enforcement. Other liability factors
include inflationary increases and increased state-wide losses in property
coverage from wind, hailstorms and fire.
Annual contributions into the Building/Equipment Reserve Fund for ongoing
building and equipment repairs and replacements are being increased for the
RETT fund from $705,000 to $1,200,000. This contribution increase is due to the
cost of buses increasing from $500K to $800K and the uncertainty of continued
federal grant funds. In total, the transfer 2027 from the General, RETT and Road
Funds will increase from $1,550,000 to $2,045,000 per year.

VEHICLE CHANGES
The annual commitment to the Capital (vehicle) Equipment Reserve Fund was
increased due to the increase in the costs of purchasing buses and the uncertainty
in continued federal grant funding. The price of our larger “low-floor” buses has
increased in the past two years by 60%, while the available federal grants for bus
replacements has reduced by 75%. The annual obligation for 2027 from the General
Fund remains at $380,000, the RETT Fund is increasing from $770,000 to
$1,265,000 (includes Parks and Recreation) and the Road Fund remains at
$400,000.
• In 2027, the Transportation Department is replacing 4 Gillig (large) buses and 2
Girardin (small) buses. These bus replacements were originally budgeted for
2026, but due to a number of factors they were moved to 2027.
• The Town has budgeted $100,000 in 2027 to replace the Zamboni.
CAPITAL IMPROVEMENT PROGRAM
The 2027 Capital Improvement Program (CIP) is a combination of on-going existing
projects and new projects.
Large Scale CIP projects include:

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1) The Draw Site Employee Housing Project is budgeted at $76,081,641.
2) The Mall Transit Center is budgeted at $6,507,644 with the majority of the
funding, $6 million, coming from the EOTC and $500K from RFTA.
3) The Little Red Schoolhouse is budgeted at $3,500,000 for the completion of the
project.
4) There is $5,000,000 budgeted for the replacement of the Skittles in partnership
with the Aspen Skiing Company who will also contribute $5,000,000.
5) The Mountain View II exterior renovation is budgeted at $1,300,000 for 2027 for
the replacement of stairs and railings.
Each of these CIP projects have progressed through the 5-year CIP planning process,
which means they have all been prioritized, discussed, planned for, and anticipated to
begin in 2027 or are ongoing. As the projects have progressed through the 5-year CIP,
the certainty of each project begins to increase. Although each of these projects are
included in the 2027 budget, each one is at a slightly different level of design and
approval. As of the writing of this budget letter:
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The Draw Site has gone through an extensive owner’s review. Assuming
eventual “owner’s” approval and land use approval, adopting this budget will
authorize the construction of the project. Because the use of Certificates of
Participation or bonds is required, the Council would still need to approve an
ordinance in 2027 authorizing the issuance of the necessary debt.
The Mall Transit Center is currently being evaluated and discussed through
roundtable discussions with Council, staff, surrounding businesses and
community members. Once the scope of this project is determined, the town has
budgeted both EOTC and RFTA funds to facilitate this project.
The Little Red School House Project began construction in 2026 and is moving
along continuing into 2027.
The Sky Cab/Skittles project is anticipated to begin in August of 2027 and be
completed by the start of the 2027/2028 ski season.
The Mountain View I exterior renovation project is to begin the replacement of
aging stairs and railings in 2027 that need attention.
The Town has budgeted $750,000 for replacing the aging Town Park
Playground and surrounding amenities. The POSTR Board hosted community
meetings this summer to help begin the design and scope setting of the
playground.
Other Important CIP Projects include:
- The continuation of the expansion of the Public Works facility training room
/lunchroom for $275,000 in 2027 to include additional work and meeting
space.
- The Public Works cold storage project is to restore structural stability to the
concrete retaining structure for the Cold Storage Building for $500,000.
- There is $100,000 for the Library Expansion to fund further work necessary to
advance the project

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There is $280,000 for the Little Red Schoolhouse to Gamble Way to enhance
the pedestrian access routes including a sidewalk, curb and gutter along Owl
Creek Road.
There is $1,300,000 for paving projects and an additional $300,000 for road
sealing.
Wildfire mitigation for 2027 is $400,000, plus any unspent funds from 2026
that staff will ask Council to carry forward during the year-end update in April
2027. Thereafter, the budget is $200,000 annually.

ONE-TIME PROJECTS
The One-time projects in the General Fund are treated like CIP projects but tend
to be on a smaller scale in both cost and implementation. Some of the more
significant projects identified as one-time projects include:
- The Human Resources Department is budgeting for two projects in 2027. The
first study is to hire a 3rd party to conduct the employee survey. The second
study is to conduct a cultural assessment. This study uses confidential focus
groups and individual interviews to gather deeper insights into engagement
and workplace dynamics. It provides an executive summary, cultural themes
and actionable recommendations for improvement.
- The Community Development department is budgeting $100,000 for land use
code updates including the Mall Area Plan.
- Upgrades to Council Chambers and meeting spaces $81K
- The Parks and Recreation Department is budgeting $60K for the next phase
of irrigation and sensor updates as well as three pieces of equipment
including a mini-track loader, a compact excavator and a Bob Cat tool cat.
- There is a budget of $300,000 to continue to install a backup power system
for Town Hall.
- The Facilities Division budgeted $30K to install emergency power off switches
for the pool and the mechanical room.
The Town of Snowmass Village continues to remain in a solid financial position. This
proposed budget strives to ensure that the resources are allocated appropriately to
deliver high quality services and projects. This budget was developed to help deliver on
the goals the Council adopted in April 2027 and ensure the Town passionately protects
the community character of the Village by promoting balance and emotional
connectivity.
We look forward to the consideration and adoption process.
Respectfully,

Clinton M. Kinney
Town Manager

Marianne Rakowski
Finance Director

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Town of Snowmass Village
FUND TYPE DESCRIPTIONS
GENERAL FUND
The General Fund is the Town’s primary operating fund. It accounts for all
financial resources and expenditures of the general government, except those
required to be accounted for in another fund.

DEBT SERVICE FUND
The Debt Service Fund accounts for the revenues and expenditures of the Town’s
outstanding debt with the exception of the Housing Bonds, which are accounted
for in their respective funds.
Recreation Bonds: In 2006, the Town issued general obligation bonds for the
construction of a recreation center. Property taxes pay the principal and interest
on these bonds. These bonds mature in the year 2026.

LOTTERY FUND
This fund was established to account for the funds the Town of Snowmass Village
receives from the State of Colorado lottery proceeds. The Conservation Trust
Fund statute governs that a municipality can only use these funds for the
acquisition, development and maintenance of “new conservation sites” or for capital
improvements or maintenance for recreational purposes on any public site.

REAL ESTATE TRANSFER TAX FUND
In 1986, the Town adopted Ordinance No.5, Series of 1986, imposing a land
transfer tax upon the transfer of interests in real property. From August 1, 1986
to July 31, 1991, the tax was ½% of the consideration and from August 1, 1991 to
July 31, 1996, the tax was 1% of the consideration. On November 8, 1994, the

Page 16 of 100

Town electorate voted to extend the 1% transfer tax from July 31, 1996 until
December 31, 2006.
On November 2, 2004 the Town electorate approved extending the tax in
perpetuity and expanding the uses to include all costs for Parks and Recreation and
the operating and maintenance cost of Transportation rolling stock. These funds
are to be kept separate from all of the Town funds and may only be appropriated
for directly related costs such as, administration, architecture, engineering,
design, legal, financing and the like for the following:
A. Transportation related structures, improvements and facilities in the
vicinity of the Snowmass Village mall, including land acquisition.
B. The capital expenditures of the Snowmass Village transportation system
and departments.
C. Landscaping of the Snowmelt Road parking lots, numbered 1-13, owned
and operated by the Town of Snowmass Village.
D. Landscaping other parking lots or transportation facilities owned and
operated by the Town of Snowmass Village and any other rights of way or
real property owned or controlled by the Town of Snowmass Village.
E. Repair and maintenance of Brush Creek Road, Owl Creek Road, Highline
Road, Snowmelt Road and the trails network within the Town of
Snowmass Village.

ROAD MILL LEVY FUND
The Road Mill Levy Fund was created through Ordinance No. 6, Series of 1986.
The purpose of the mill levy was to establish a long term funding source for road
maintenance, repair, and reconstruction, including related costs incidental thereto.
The Road Mill Levy Fund has set the mill levy to 5 mills to fund current road
expenditures.

EXCISE TAX FUND
The Excise Tax was passed by the electorate in November of 1999. In essence, it
provides that a limited excise tax be assessed only if the owner of a lot decides to
construct, remodel or expand improvements in excess of the maximum allowable

Page 17 of 100

floor area for a lot, other than by variance, in detached single family residential
areas only, provided that the construction, remodel, or expansion that is subject to
the excise tax not exceed 550 square feet or 10% or the maximum allowable floor
area for the lot, whichever is less.
Revenues from the excise tax are restricted for the acquisition, construction, and
rehabilitation of affordable employee housing including land owned or acquired
including sales to qualified purchasers.

TOURISM FUND
The Tourism Fund accounts for a two and one-half percent (2.5%) sales tax that
was approved by the electorate of the Town of Snowmass Village in November of
2002. The Tourism Fund also accounts for the 2.4% Lodging Tax that was
approved by the electorate of the Town of Snowmass Village in November of 2005.
The revenues from the sales tax were restricted to the following purposes: 1.
Marketing, 2. Creation, promotion, and execution of special events, 3. Public
Relations, 4. Actual and necessary expenses of the Marketing and Special Events
Board for the development of tourism for the benefit of Snowmass Village as a
whole, subject to a limitation on capital expenditure to a maximum of 10% of the
sales tax revenues. The Lodging Tax is levied on the price paid for the renting or
leasing of lodging for less than thirty consecutive days. The proceeds from the
tax originally to be used for sales and marketing programs to attract group
reservations for the Town of Snowmass Village as a whole. In November of 2022
the electorate voted to combine these revenue sources into one fund, referred to
as the Tourism Fund, and expand the permissible uses to include workforce housing
purposes. This combined fund was created on January 1, 2023.

REOP FUND
The REOP Fund is a renewable energy offset fund that supports and promotes
renewable energy generation within the Town of Snowmass Village. The ordinance
establishes building efficiency standards that exceed those required under the
Town’s Energy Conservation Code. The revenues are derived from in-lieu fees

Page 18 of 100

establishing a funding mechanism to facilitate the development of renewable
energy generation projects and to enhance energy efficiency throughout the Town.

HOUSING FUND
CARRIAGEWAY FUND
SNOWMASS INN FUND
The Housing Department provides housing for low to moderate-income employees of
Snowmass Village. Eight apartment complexes are now managed and maintained by
the Housing Department. These complexes are Brush Creek, Creekside, Mountain
View I, Mountain View II, Palisades, Villas North Apartments, Faraway Apartments,
Carriageway and Snowmass Inn as well as some other units purchased by the Town.
The Housing Department strives to provide top quality housing with affordable
rental rates to Snowmass Village employees.

The grounds and buildings are

maintained inside and out for the tenants and the community.

Apartments are

refurbished every time there is a tenant turnover.

CAPITAL IMPROVEMENT PROGRAM FUND
The Capital Improvement Program Fund was created to consolidate the Capital
Improvement Projects in one place within the budget. Various funds are used to
support the Capital Improvement Fund depending on the individual projects and the
appropriated fund source to pay for each project.

CAPITAL EQUIPMENT RESERVE FUND
The Capital Equipment Reserve Fund was created to consolidate the Capital
Equipment and Vehicle Purchases for all funds except for the Business-Type Funds
(Housing/Mountain View I/Mountain View II) in one place within the budget. In

Page 19 of 100

addition to the consolidation, the fund was established to attempt to level-out the
annual amounts needed to fund the replacements of Town vehicles and equipment.
The revenue source for this fund is primarily through transfers from other funds
and federal grant funding.

Page 20 of 100

Capital Improvement Projects Fund
Summary of 2027 Projects
CIP Projects are generally multi-year projects, with initial budget dollars earmarked for planning
and later years earmarked for implementation. As projects progress from planning to
implementation, dollars may be added to the project. As such, most of these projects are carryforward projects from previous years. New projects are identified in the description.

FACILITIES:
General Government – Little Red Schoolhouse Expansion – $3,500,000 This project is for the
construction of a 4-classroom early childcare center on the Little Red School House site. The
new center doubles the capacity of childcare operations. The project includes a new building,
trash enclosure, improved access, and parking area. The project is anticipated to be completed
in late summer 2027.
General Government – Town Hall Remodel – Security Upgrades - $90,000. These are design
dollars to remodel and enhance security and safety in the Police Department's front desk area.
The goal is to improve workflow and security, ensure staff safety, and deliver high-level service
to the public.
Transportation/Fleet – Bus Facility Feasibility Study - $200,000 The Bus Facility Feasibility
Study is the first step in enacting the Zero Emission Bus Transition Plan that was completed in
2026. This is a two-phase project, with 2027 funding used to identify either a new location for a
Bus Facility or necessary improvements to existing facilities. The second phase of this project
would be in a future year and focus on design of either a new facility or the necessary
improvements to existing facilities.
Transportation/Fleet – Computer-Aided Dispatch – Automated Vehicle Locator - $25,000 With
the Downtowner program purchased and implemented, and the AVA retrofit to be completed
in 2026, the remaining funding will be used to implement a Vehicle Tracking system that will
allow for real-time locations, diagnostics, and camera access within the fleet.
Transportation/Fleet – Bus Stop Improvement Project - $352,695 This project funding will be
used to continue to improve aging bus stops within the Village. The goal is to improve safety,
comfort, rider experience, and aesthetics. In 2027, the funding is expected to be used at the
Brush Creek and Faraway Bus Stops to improve the curbs and the platforms.
Transportation/Fleet – Mall – RFTA Depot - $6,507,644 This project will continue to look to
improve the transit experience at the Snowmass Mall. It will involve designing and constructing
improvements to the existing RFTA depot at the end of the Mall. The project will seek to
improve pedestrian safety, bus capacity, ADA access, and overall rider experience.

Page 21 of 100

Transportation/Fleet – Electric Vehicle Stations - $50,000 This project will seek to expand the
Town’s Electric Vehicle Station network with an additional station. The focus will be on a
location that serves multifamily housing.
Transportation/Fleet – New WeCycle Stations - $65,000. This project involves installing
additional stations in Snowmass Village to enhance the existing WeCycle system’s connectivity.
The station location will be chosen based on a combination of factors, including user demand,
housing density, and logistics.
Public Works – PW Training Room Expansion - $275,000 This is for the design and construction
of an extension to the PW lunchroom/training room into the area between the existing
buildings. This allows for additional workspace for training and meetings. If funds allow, this
will also include an office remodel in the administration building to better use the facility.
Public Works – Cold Storage - $500,0000 This project aims to restore the structural stability of
the concrete retaining structure for the cold storage building that protects and stores
equipment and resources for the Public Works Department.
Cultural and Recreation – Library Expansion - $100,000 The Town of Snowmass Village is
collaborating with the Pitkin County Library to explore a potential library expansion. The
proposed $100,00 investment would fund further planning, design, and feasibility work to
advance the project. This funding will position the Town and the County to move quickly if
Pitkin County can appropriate the additional resources needed for construction.
Cultural and Recreation – Rec Center Locker Room Expansion - $150,000 This funding will be
used for planning and design work to expand the Recreation Center locker rooms. The project
will address space limitations, improve user comfort, and prepare the facility to meet growing
community demand.

LAND AND LAND IMPROVEMENTS:
Parks and Trails – Lot 12 Backflow Relocation $60,000 Funds will be used to relocate the
existing backflow prevention assembly to improve access, maintenance, and reliability of the
water system serving Lot 12.
Parks and Trails – Brush Creek Trail-Bridge Replacements - $65,000 Several pedestrian bridges
along the Brush Creek Trail are aging and require replacement. This project will install durable,
low-maintenance bridges to ensure the trails remains safe, accessible, and reliable year-round.
The upgrades will protect a vital recreation corridor and reduce long-term maintenance costs.
Parks and Trails – Soft Surface Trail Improvements – $125,000 These funds will be used to
design an extension connecting the Mountain View Trail to the Melton Ranch Paved Trail. With
the upcoming housing project above the Snowmass Center, we believe now is the ideal time to
relocate the trail. Final coordination with AVLT and neighboring property owners is necessary
before construction can begin. A professional trail-building company will work with our team to

Page 22 of 100

determine the optimal layout and provide construction cost estimates. The chosen design
should align with the goals outlined in the POSTR plan.
Parks and Trails – Town Park - $100,000 This project will upgrade the existing gazebo to better
serve park users and events. Improvements include adding electricity for rentals and
ceremonies, solar lighting for evening visibility, and updated messaging boards for community
information. These enhancements will maintain the gazebo’s character while making it more
functional and welcoming.
Parks and Trails – Brush and 82 Landscaping Improvements - $50,000 Funds will be used for
planning landscaping improvements along Brush Creek Road and Highway 82 to enhance the
appearance, functionality, and overall character of this important community corridor.
Parks and Trails – Playground Restoration - $750,000 Funding will support replacing the aging
Town Park playground and improving surrounding amenities, including new play structures,
safety surfacing, and accessibility enhancements. Community input has been collected, and a
plan has been developed to create a safe, inclusive, and enjoyable playground while reducing
future maintenance needs.

ROADS AND STREETS:
Streetscape – Guardrail Replacement Program - $60,000 This project funds the replacement of
deteriorated guardrail sections adjacent to roadways and public parking lots. It includes the
design and construction costs for implementing a comprehensive guardrail repair and
replacement program. Repairs in 2027 will target prioritized guardrails identified during the
2026 inspection process.
Streetscape – Concrete Replacement - $50,000 This project funds the replacement of
deteriorated or damaged concrete sections of curb and gutter, sidewalks or roadways. It
includes in-house design and construction costs to implement a comprehensive concrete repair
and replacement program. Repairs in 2027 will target prioritized sections during the 2026
inspection process.
Street Improvements – Paving Projects - $1,300,000 The 2027 road improvement projects will
be identified during the 2026 inspection process. This includes milling and overlay, or complete
replacement, of roadway sections based on the pavement analysis program.
Alternative Mobility – Connecting Village Nodes - $239,470 This project will implement
foundational improvements to pedestrian connections between the Snowmass Center, Base
Village, and the mall. These improvements aim to enhance and improve the multimodal
experience and safety in this area.

Page 23 of 100

Alternative Mobility – LRSH to Gamble Way - $280,000 This project is to enhance the
pedestrian access routes connecting the transit system to the LRSH and Cathy Robinson Park.
This project includes design and construction to install drainage and sidewalk infrastructure.

UTILITIES:
Snowmelt – Road Sealing $300,000 This project continues the concrete preservation project
with joint and crack filling and concrete sealing on Carriage Way (Snowmelt Road) and the
Town Hall Access Road. This is the second year of a three-year project.

STORMWATER AND DRAINAGE:
Stormwater and Drainage – Vidal Gulch Project $69,138 These are repair/replacement funds
for the remaining section of piped Vidal Gulch, which is part of the West Fork of the Brush
Creek waterway.

COMMUNICATION AND TECHNOLOGY:
Communication and Technology – Fiber Project – Phase 3 – Last Mile - $237,616 This phase of
the fiber project focuses on completing the "last mile" connections to ensure comprehensive
coverage and improved connectivity throughout the community.

HOUSING:
Housing Projects – Housing Land Opportunities – $25,000 These funds are set aside to use
when opportunities to purchase land come up. The money can be used for due diligence before
a property is purchased.
Housing Projects – Faraway Apartments - $300,000 The existing roof at the Faraway
Apartments is due for replacement. These funds will cover roof replacement.
Housing Projects – Carriageway Housing $500,000. The existing decks at the Carriageway
Apartments are aged. These funds will be used to replace the decks to improve life safety.
Housing Projects – Draw Site Housing - $76,081,641 These funds are set aside to fund the
development of the Draw Site affordable housing project, pending Council approval of the land
use review.
Housing Projects – Snowmass Center Land Project - $100,000 These funds are set aside to for
schematic design of the vacant land behind the Snowmass Center.
Housing Projects – Mountain View I – Exterior Renovations - $1,300,000 These funds are set
aside to replace the existing stairs and elevated walkways at Mountain View. The existing
infrastructure is aged and needs replacement.

Page 24 of 100

Housing Projects - WMRHC Buy-Down Program contribution - $250,000 In collaboration with
other governmental entities in the Roaring Fork Valley, this is TOSV’s contribution to the
regional “Good Deeds” program. The program provides cash assistance to homebuyers to
reduce the cost of purchasing a home. In return, the home is permanently deed-restricted at
the lower purchase price.

OTHER CIP:
Other – Supplemental Project Costs – $1,000,000 This budget is used to support ongoing
projects to pay for unanticipated project costs to keep the projects moving forward.
Other – Wildfire Projects – $400,000 This project combines all wildfire mitigation projects into
one line, including: fuels reduction, HOA mitigation support, homeowner rebate program,
wildfire modeling, and home assessments.
Snowmass Tourism – Ice Age Discovery – Next Phase - $167,248 The budget will enhance
visitor engagement with the Ziegler Dig and Snowmass's history and heritage through a
temporary Base Village Visitor Center, refreshed content, targeted marketing, and new
immersive experiences. It will also support implementation of the strategies and tactics
identified in the Destination Management Plan.
Snowmass Tourism – Fanny Hill Improvements $162,740 This budget supports the
construction of a permanent irrigation system on Fanny Hill. Additional supplies are required to
complete the permanent installation. These include valves, valve boxes, solenoids, wire, swing
arms, and manifolds. The permanent irrigation system will be set up, including main line
irrigation, valves, zone valves, and sprinkler heads. The bid also includes top-soil application,
compaction, leveling, and aeration to restore the landscape.
Snowmass Tourism – Product Enhancements - $5,000,000 This budget is for the replacement
Sky Cab Pulse Gondola (aka Sky Cab or Skittles), which is a joint effort between the Town of
Snowmass Village and the Aspen Skiing Company. The Sky Cab is a vital transit connection and
is being replaced with a new detachable gondola with cabins that hold at least 6 people
each. Construction is to begin in the Summer of 2027.

Page 25 of 100

TOWN OF SNOWMASS
VILLAGE
2027 Proposed Budget

1
Page 26 of 100

Town of Snowmass Village-All Funds
Revenue Sources – Comparative 2026 Budget to 2027 Budget
(w/o the Aspen School District-through &Transfers between funds)
Sources
Property Taxes-Gen Fund
Property Taxes-Road Fund
Property Taxes-Debt Fund
Total Property Taxes

$
$
$
$

2027
T
688,023
4,479,314
5,167,337

Original
Adopted Budget
2026
$
651,331
$
4,240,437
$
266,538
$
5,158,306

Town Sales Taxes-Gen Fund
County Sales Taxes-Gen Fund
Tourism Sales Taxes-Tourism Fund
Total Sales Taxes

$
$
$
$

4,200,202
7,868,441
10,500,513
22,569,156

$
$
$
$

4,309,339
7,311,002
10,772,980
22,393,321

$
$
$
$

(109,137)
557,439
(272,467)
175,835

-3%
8%
-3%
1%

2027 is 3.00% over 2026 projected/'26 projected is 5.37% under '26 budgeted

Lodging Taxes-Tourism Fund

$

3,847,586

$

3,897,551

$

(49,965)

-1%

2027 is 3.00% over 2026 projected/'26 projected is 4.16% under '26 budgeted

Real Estate Transfer Tax-RETT Fund

$

6,779,521

$

5,389,742

$

1,389,779

26%

Includes $1,740,000 in new sales from Base Village 10AB/'26 Proj under'26B by $851K

Excise Taxes-Excise Tax Fund

$

175,000

$

175,000

$

$

38,538,600

$

37,013,920

$

1,524,680

4%

Other Revenue Sources
Other Taxes
Intergovernmental
Licenses/Permits
Charges for Services
Fines and Forfeits
Contributions
Miscellaneous
Other Financing Sources
Sales of Assets
Rental Income
TOTAL Other Sources

$
$
$
$
$
$
$
$
$
$
$

1,001,339
2,694,955
1,462,000
4,838,001
84,890
8,857,189
2,555,152
79,135,000
4,607,296
105,235,822

$
1,019,485
$
3,098,397
$
1,624,000
$
4,479,901
$
94,370
$
12,555,022
$
2,556,216
$
79,135,000
$
$
4,396,536
$ 108,958,927

$
$
$
$
$
$
$
$
$
$
$

(18,146)
(403,442)
(162,000)
358,100
(9,480)
(3,697,833)
(1,064)
210,760
(3,723,105)

-2%
-13%
-10%
8%
-10%
-29%
0%
0%
0%
5%
-3%

GRAND TOTAL REVENUES-ALL FUNDS

$

143,774,422

$ 145,972,847

$

(2,198,425)

-2%

$
$
$
$

2,045,000
8,938,058
6,140,962
1,066,077

$
$
$
$

1,550,000
24,015,475
5,157,968
510,000

$
$
$
$

495,000
(15,077,417)
982,994
556,077

32%
-63%
19%
109%

$

161,964,519

$

177,206,290

$

(15,241,771)

-9%

TOTAL Major Taxes

Transfers-CERF
Transfers-CIP
Transfers-Other Funds
Aspen School Distrct

$
$
$
$

Variance
36,692
238,877
(266,538)
9,031

6%
6%
-100%
0%

-

2027 Based on .768 mills
2027 Based on 5.0 mills

2027 is 3.00% over 2026 projected/'26 projected is 4.49% over '26 budgeted
2027 is 3.00% over 2026 projected/'26 projected is 5.37% under '26 budgeted

0%

Less NDME wildfire grant ($850K)/Plus addl bus grant $80K & SB230 $256K
Decrease in 2027 in Building revenues
Increase in Occup Assmnt $200K/REOP $80K/Charges for Svc $83K
Dec in contributions- Draw Site ($3.5M)

Increase in rents

Increase in RETT transfer for anticipated inc the cost for buses & decrease in Grants
Based on less projects
Transfer in to Gen'l Fund for COP payment on S'mass Ctr Land from Tourism-Housing funds

2
Page 27 of 100

Town of Snowmass Village-All Funds
Expenditures Categories – Comparative 2026 Budget to 2027 Budget
(w/o the Aspen School District-through &Transfers between funds)
Expenditure Categories
Personnel Services

$

2027
25,062,311

Original
Adopted Budget
2026
$ 24,575,388

Purchased Services
Operating & Maintenance
Grants & Donations
Total Operating

$
$
$
$

6,378,519
3,343,225
2,000
34,786,055

$ 6,274,037
$ 3,671,454
$
2,000
$ 34,522,879

$
$
$
$

104,482
(328,229)
263,176

2%
-9%
0%
1%

Software Licensing plus various othe accounts +/COP-Town Hall payoff/Insurance/Police Equip

Capital Projects/Outlay
Total Capital Projects/Outlay

$
$

107,957,319
107,957,319

$ 129,418,435
$ 129,418,435

$
$

(21,461,116)
(21,461,116)

-17%

Reduced projects based on CIP/CERF

$

142,743,374

$ 163,941,314

$

(21,197,940)

-13%

Other Expenditures
Debt Service
One-Time Expenditures
Marketing
Special Events
Public Relations/Client Interaction
Other
TOTAL Other Expenditures

$
$
$
$
$
$
$

4,347,877
1,725,580
3,616,920
2,037,590
390,400
378,010
12,496,377

$ 4,614,392
$ 1,868,521
$ 3,748,950
$ 2,037,590
$
350,000
$
425,167
$ 13,044,620

$
$
$
$
$
$
$

(266,515)
(142,941)
(132,030)
40,400
(47,157)
(548,243)

-6%
-8%
-4%
0%
12%
-11%
-4%

GRAND TOTAL EXPENDITURES-ALL FUNDS

$

155,239,751

$ 176,985,934

$

(21,746,183)

-12%

$
$
$
$
$

2,045,000
6,663,058
6,140,962
2,275,000
1,066,077

$ 1,550,000
$ 19,215,475
$ 5,157,968
$ 4,800,000
$
510,000

$
$
$
$
$

495,000
(12,552,417)
982,994
(2,525,000)
556,077

32%
-65%
19%
-53%
109%

$

173,429,848

$ 208,219,377

$

(34,789,529)

-17%

TOTAL-Operating & Capital

Transfers-CERF
Transfers-CIP
Transfers-Other Funds
Transfers-CIP-Hsg
Aspen School Distrct

$

Variance
486,923

2%

Raises, benefits, staffing changes

Recreation Center Bond Payoff
Reduced based on projects
No website design in '27 (was done in '26)

Increase from RETT for anticipated increases in the cost for buses & decrease in Grants
Based on less projects
Transfer in to Gen'l Fund for COP payment on S'mass Ctr Land from Tourism-Housing funds
From Tourism for Housing

3
Page 28 of 100

Town of Snowmass Village
Designations/Reserves
Fund Balance at 12/31/27
Fund:
Type

U = Unrestricted

General

Inventory

$

RETT

Road

Excise

Tourism

Lottery

Debt Svc

REOP

CERF

CIP

Housing

Carriageway

Snowmass Inn

335,000

TOTAL
$

R = Restric

335,000

R

Description/Constraints
Appropriated from expenditures and are not spendable
resources: for Gas/Oil, Parts & Supplies and Bus Passes, etc.

(Non-spendable)
Prepaid Expenses

$

100,000

$

100,000

R

Already expended for the next year and are not spendable
resources: for Wkmns Comp, Bldg Lease Pymts, Health
Insurance,etc.

(Non-spendable)

Per State Constitution (TABOR) the Town must set aside 3% of
Fiscal Year Expenditures into an emergency contingency
TABOR Reserve

$

782,587

$

782,587

R

reserve

(Restricted)
Per Resolution #95 of 1990, these funds are used only for the
purpose of future capital purchases according to the Capital
Reserve Plan. Funds may be used for emergencies as
Capital Equipment Reserve

$

-

$

604,499

$

3,000,000

$

-

$

5,826,541

$

5,826,541

R

determined by the Town Council by a two-thirds majority vote.

$

604,499

R

purposes.

$

7,000,000

U

and possible renovation/building of a major hotel in Snowmass

$

11,189,958

R

Amount in CIP fund balance towards projects/programs

$

3,369,813

U

to fund

(Committed)
Per Franchise Agreement-money set aside for specific
Holy Cross Enhancement Funds
(Restricted)
These funds are set aside in anticipation of the airport closure
Known Economic Disturbances

$

4,000,000

(Assigned)
CIP Reserve for Projects/Programs

$

11,189,958

(Assigned)
Reserve was established in 2013 to begin a capital reserve plan
Building/Equipment Reserve

$

295,880

$

725,424

$

632,523

$

1,306,053

$

192,033

$

217,900

future capital replacements within the buildings (Housing Funds
(Assigned)

already existed)

Insurance Liablity Reserve

is set aside for health insurance payments due

Amount was reclassed from a liability account in 2016. Amount
(Assigned)

$

893,015

$

893,015

U

whenever the Town changes their medical insurance carrier.
Comcast remits to the Town PEG (Public, Educational,
Governmental) fees to use towards equipment for the local

Comcast-PEG Funds
(Assigned)

$

Reserve for Carriageway Lease Payments $

69,391
-

$

1,634,946

$

69,391

R

costs of operating the channels

$

1,634,946

U

Set aside for Carriageway Lease Payments

(Assigned)
Building 6 Investment

$

161,570

$

161,570

R

Funds set aside for investments in Building 6

$

611,005

$

611,005

U

expenditures TBD

$

8,970,628

$

5,500,000

$

-

$

-

$

4,446,912

$

-

$

-

$

-

$

U

Contingency funds for economic downturns or emergencies

$

15,823,575

$

6,225,424

$

632,523

$

-

$

8,446,912

$

-

$

-

$

-

$

U

by fund

(Assigned)
Amount received from Marijuana and Tobacco TaxMarijuana/Cigarette Tax Reserve
(Assigned)
Emergency/Contingency Reserve

-

$

-

$

715,028

$

48,474

$

103,424

$

19,784,466

$

2,021,080

$

1,875,454

$

321,324

$

52,362,791

$

3,736,989

(Assigned)
RESERVE-DESIGNATIONS TOTAL:

FUNDS AVAILABLE (Tourism):

5,826,541

$

11,189,958

$ 3,736,989

Unappropriated Funds-subject to restrictions
FUNDS AVAILABLE (Unassigned):

$

4,566,858

$ 3,582,978

$ 1,168,281

$ 2,813,330

$

11,732

$

207,185

$

-

$ 868,900

$

TOTAL

$

20,390,433

$

$

$

$

12,195,633

$

207,185

$

-

$

$

9,808,402

1,800,804

2,813,330

868,900

5,826,541

$
$

11,189,958

$ 1,751,321

$

504,291

$ 451,388 $

15,926,264

$

$

2,379,745

$

72,026,044

3,772,402

772,712

$

Fund balance

4
Page 29 of 100

Budget Philosophy
• Balanced Budget-limit expenditures to available resources
• Identify Opportunities for Cost/Services Efficiencies
• Use Most Restricted Funds First
• Manage Equipment Replacement Program
• Use One-time Funds for One-time Costs
• Identify Capital Improvement Projects- funded with proceeds on hand
• Maintain Emergency Reserve Policy

5
Page 30 of 100

TOWN OF SNOWMASS
VILLAGE
Summary of All Funds
& Outstanding Debt
6
Page 31 of 100

Town of Snowmass Village
All Funds Budget Summary-2027 Proposed
Beginning
Fund

General Fund

Ending
Revenues

Fund Balance

$

22,856,031

$

24,563,495

Expenditures

$
$

Transfers In

(27,791,266) $
23,000
(378,920) $
2,779,098
$
2,517,021
$
19,480
$
802,363
CERF
CIP Fund
General Fund
Lottery Fund
(93,713) General Fund
CERF
CIP Fund
(258,361) General Fund
CIP Fund
CERF
(5,000) CIP Fund

Debt Service Fund
Lottery Fund
RETT Fund

$
$
$

19,480
187,079
7,951,495

$
$
$

43,106
7,111,409

$
$
$

Road Fund

$

1,903,687

$

4,753,499

$

Excise Tax Fund

$

2,540,706

$

277,624

$

Tourism Fund

$

14,655,425

$

14,823,039

$

Reop Fund
CERF Fund
CIP Fund
Sub-total

$
$
$
$

1,061,418
8,144,514
17,490,092
76,809,927

$
$
$
$

137,482
879,640
85,550,000
138,139,294

$
$
$
$

Housing Fund

$

3,712,471

$

4,468,922

$

Carriageway Fund
Snowmass Inn Fund

$
$

2,281,109
687,867

$
$

302,964
646,400

$
$

(204,328) $
(561,555) $

TOTAL Funds

$

83,491,373

$

143,557,580

$

(148,218,398) $

(9,841,668) General Fund
CIP Fund
CERF
(330,000)
(5,242,613) $
2,045,000
(100,788,192) $
8,938,058
(144,729,733) $
17,124,020

(2,722,782) CIP Fund

Transfers-Out

Other Rev's In

Other Exp Out

Lottery Fund
RETT Fund
Road Fund
Debt Svc Fund
Tourism Fund
$
(380,000)
$
(1,659,258)
$
(19,480)
$
(23,000)
$
(2,779,098)
$
(1,265,000)
$
(940,000)
$
(2,517,021)
$
(1,300,000)
$
(400,000)
$
$
$
(802,363)
$
(3,638,800)
$
$
Various Funds
Various Funds
$
(15,724,020)

$
$

116,842
1,066,077

$
$
$
$

100,000

$
$
$
$
$
$
$

$
$

-

$
$
-

17,124,020

$

$
$

(1,400,000) $
$
$
(17,124,020) $

1,282,919

1,282,919

Fund Balance

20,390,433

$

$
(1,066,077)
(802,363)
(393,000)
(1,725,580)
(156,510)
(100,000)
$
$
(176,691) $

$

(381,000) $

1,800,804

$

2,813,330

$

(3,000,000) $

12,195,633

$
$

$
$
$
(7,801,221) $

868,900
5,826,541
11,189,958
65,101,186

$
$
$
$

(286,209) $
$
$

3,772,402
2,379,745
772,712

$

(8,087,430) $

72,026,044

(0)
207,185
9,808,402

7
Page 32 of 100

Town of Snowmass Village
WHERE IT COMES FROM
Revenue Sources 2027 – All Funds $143,774,422

8
Page 33 of 100

Town of Snowmass Village – All Funds
Revenue Sources-2027

(w/o the Aspen School District-through & Transfers between funds)
Sources
Property Taxes-Gen Fund
Property Taxes-Road Fund
Property Taxes-Debt Fund
Total Property Taxes
Town Sales Taxes-Gen Fund
County Sales Taxes-Gen Fund
Town Sales Taxes-Tourism Fund
Total Sales Taxes

$

General Fund
688,023

RETT Fund

$

688,023 $

$
$

4,200,202
7,868,441

$

12,068,643 $

Road Fund

-

-

Tourism Fund

$

4,479,314

$

4,479,314 $

$

-

Lodging Taxes-Tourism Fund
Real Estate Transfer Tax-RETT Fund

$

-

Other Revenue Sources
Other Taxes
Intergovernmental
Licenses/Permits
Charges for Services
Fines and Forfeits
Contributions
Miscellaneous
Other Financing Sources
Sales of Assets
Rental Income
TOTAL Other Sources

GRAND TOTAL REVENUES-ALL FUNDS

$

$
$

10,500,513
10,500,513 $

$

3,847,586

$
$

12,756,666 $

$
$
$
$
$
$
$
$

1,001,339
1,729,419 $
982,000
4,533,001
84,890
2,357,189
1,235,833 $
100,000

Debt Svc Fund

$
$

-

-

$

-

Capital Funds

$

-

$

-

-

Other Funds

$

$

-

$
$
$
$

Total
688,023
4,479,314
5,167,337

% of Total
0.5%
3.1%
0.0%
3.6%

-

$ 4,200,202
$ 7,868,441
$ 10,500,513
$ 22,569,156

2.9%
5.5%
7.3%
15.7%

$

3,847,586

2.7%

$
$
$

6,779,521
175,000

4.7%

$ 38,538,600

26.8%

6,779,521

Excise Taxes-Excise Tax Fund
TOTAL Major Taxes

Excise Tax Fund

6,779,521 $

4,479,314 $

14,348,099 $

175,000
175,000 $

-

$

-

$

-

0.1%

$

-

$

449,940 $
25,000
$
$

$

-

$

$
929,640 $
$
$
$
6,500,000 $
$
79,000,000 $
$
$

$

12,023,671 $

331,888 $

274,185 $

474,940 $

102,624 $

-

$

86,429,640 $

5,598,874 $ 105,235,822

73.2%

$

24,780,337 $

7,111,409 $

4,753,499 $

14,823,039 $

277,624 $

-

$

86,429,640 $

5,598,874 $ 143,774,422

100%

17%

$

-

$
$

205,000 $

-

331,888 $

$
69,185 $
$

-

$

5%

-

3%

10%

$

102,624
-

0%

$

0%

35,896
480,000
100,000
365,682
10,000
4,607,296

$ 1,001,339
$ 2,694,955
$ 1,462,000
$ 4,838,001
$
84,890
$ 8,857,189
$ 2,555,152
$ 79,135,000
$
$ 4,607,296

0.7%
1.9%
1.0%
3.4%
0.1%
6.2%
1.8%
55.0%
0.0%
3.2%

60%

Transfers-CERF
$
Transfers-CIP
$
Transfers-Other Fun $
Aspen School Distrc $

6,140,962
1,066,077

$
$
$

2,045,000 $
8,938,058 $
$
$

$

31,987,376

$

97,412,698 $

4%
-

100%
$
$
$
$

2,045,000
8,938,058
6,140,962
1,066,077

5,598,874 $ 161,964,519

9
Page 34 of 100

Town of Snowmass Village
WHERE IT GOES
Expenditure Categories 2027 – All Funds $155,239,751

10
Page 35 of 100

Town of Snowmass Village – All Funds
Expenditures Categories-2027

(w/o the Aspen School District-through & Transfers between funds)
Expenditure Categories
Personnel Services
Purchased Services
Operating & Maintenance
Grants & Donations
Total Operating

$
$
$
$
$

General Fund
20,126,958
5,063,205
2,599,103
2,000
27,791,266 $

Capital Projects/Outlay
Total Capital Projects/Outlay

$
$

771,920 $
771,920 $

270,404 $
270,404 $

552,861 $
552,861 $

-

$

28,563,186 $

270,404 $

552,861 $

$
$
$
$
$
$

802,363
1,725,580 $
256,510 $

$

$

TOTAL-Operating & Capital
Other Expenditures
Debt Service
One-Time Expenditures
Marketing
Special Events
Public Relations/Client Interaction
Other
TOTAL Other Expenditures

GRAND TOTAL EXPENDITURES-ALL FUNDS

-

$
$

-

$

-

$
$
$
$
$

Debt Svc Fund
Tourism Fund
Excise Tax Fund
3,223,639
228,749
319,370 $
5,000
$
3,771,758 $
5,000 $
$
$

107,957,319
107,957,319

69.5%
69.5%

3,771,758 $

5,000 $

-

$

106,030,805 $

3,549,360 $

142,743,374

92.0%

3,000,000
3,616,920
2,037,590
390,400
25,000 $

$

-

-

$

-

$
$
$
$
$
$

545,514
10,000

$
$
$
$
$
$

4,347,877
1,725,580
3,616,920
2,037,590
390,400
378,010

2.8%
1.1%
2.3%
1.3%
0.3%
0.2%

-

$

-

$

-

$

555,514 $

12,496,377

8.0%

5,000 $

-

$

106,030,805 $

4,104,874 $

155,239,751

100%

$

86,500 $

9,069,910 $

31,347,639 $

270,404 $

639,361 $

12,841,668 $

0%

0%

$
$
$
$
$

$

34,452,974 $

1,265,000
940,000
2,779,098
-

$
$
$
$
$

5,254,502 $

400,000
1,300,000
2,517,021
-

8%
$
$
$
$
$

4,856,382 $

% of Total
16.1%
4.1%
2.2%
0.0%
22.4%

331,329 $
331,329 $

-

380,000
1,659,258
1,066,077

Total
25,062,311
6,378,519
3,343,225
2,000
34,786,055

106,030,805 $
106,030,805 $

2,784,453 $

$
$
$
$
$

-

$
$
$
$
$

$
$

$

$

$
$

Other Funds
$ 1,711,714
$ 1,086,565
419,752
$
$
$ 3,218,031

-

-

-

-

Capital Funds

$

$
$
$
$
$
86,500 $

20%
Transfers-CERF
Transfers-CIP
Transfers-Other Funds
Transfers-CIP-Hsg
Aspen School Distrct

Road Fund

RETT Fund

1,363,800
802,363
2,275,000
-

0%

$
$
$
$

17,282,831 $

0%

68%

3%

$

-

$
$
$

19,480
$
$

-

5,000 $

19,480 $

106,030,805 $

-

$
$
$
$
$

1,400,000
23,000
-

100%
$
$
$
$
$

2,045,000
6,663,058
6,140,962
2,275,000
1,066,077

5,527,874 $

173,429,848

11
Page 36 of 100

General Fund
30% Operational Reserve and Unassigned Funds

12
Page 37 of 100

General Fund
Fund Balance Breakdown

13
Page 38 of 100

Funds Available Chart
2026 Projected- 2031 Proposed

14
Page 39 of 100

Town of Snowmass Village
General Fund 2026 Projected-2031 Proposed
Operating Revenues/Expenditures (inc capital)

15
Page 40 of 100

TOSV Projects – All Funds
Budget Summary 2027
PROJECTS

EXPENDITURES
FACILITIES
Gen'l Gov't-Little Red Schoolhouse Expansion
Gen'l Gov't -Town Hall Remodel - Security Upgrades
Transp/Fleet-Bus Facility Feasibility Study
Transp/Fleet-Computer aided dispatch/automated vehicle locator
Transp/Fleet-Bus Stop Improvement Project
Transp/Fleet-Mall - RFTA Depot
Transp/Fleet-Electric Vehicle Stations
Transp/Fleet-New WeCycle Stations
Public Works - PW Training/Lunch Room Expansion
Public Works - Cold Storage
Cultural and Rec-Library Expansion
Cultural and Rec-Rec Center Locker Room Expansion
Sub-total - Facilities
LAND & LAND IMPROVEMENTS
Parks and Trails - Lot 12 Back Flow Relocation
Parks and Trails - Brush Crk Trail-Bridge Replacements
Parks and Trails - Soft Surface Trail Improvements
Parks and Trails -Town Park
Parks and Trails - Brush and 82 Landscaping Improvements
Parks and Trails- Playground Restoration
Sub-total - Land & Land Imprvm
ROADS AND STREETS
Streetscape - Guardrail Replacement Program
Streetscape - Concrete replacement
Street Improvements - Paving Projects
Multi-Modal/Alt Mobility - Connecting Village Nodes
Multi-Modal/Alt Mobility - LRSH to Gamble Way
Sub-total - Road & Streets

PROJECTS

EXPENDITURES

$
$
$
$
$
$
$
$
$
$
$
$
$

3,500,000
90,000
200,000
25,000
352,695
6,507,644
50,000
65,000
275,000
500,000
100,000
150,000
11,815,339

$
$
$
$
$
$
$

60,000
65,000
125,000
100,000
50,000
750,000
1,150,000

$
$
$
$
$
$

60,000
50,000
1,300,000
239,470
280,000
1,929,470

UTILITIES
Snowmelt - Road Sealing
Sub-total - Utilities

$
$

300,000
300,000

STRATEGIC PLANNING
Sub-total - Strategic Planning

$

-

STORM WATER AND DRAINAGE
Storm Water & Drainage - Vidal Gulch Project

$

69,138

$

69,138

$
$
$
$
$
$
$

25,000
300,000
500,000
76,081,641
100,000
1,300,000
250,000

Sub-total - Housing

$

78,556,641

OTHER PROJECTS
Comm & Tech - Fiber Project-Phase 3-Last Mile
Other - Wildfire Projects
Other - Supplemental Project Costs
Snowmass Tourism - Fanny Hill Improvements
Snowmass Tourism - Product Enhancements
Snowmass Tourism - Discovery Next Phase
SGM - Capital Reserves Used on Buildings & Equipment

$
$
$
$
$
$
$

237,616
400,000
1,000,000
162,740
5,000,000
167,248
950,691

Sub-total - Other CIP

$

7,918,295

$

101,738,883

Sub-total - Storm Water and Drainage
HOUSING
Housing Projects - Housing Land Opportunities
Housing Projects - Faraway Apartments
Housing Projects - Carriageway Housing
Housing Projects - Draw Site Housing - Construction
Housing Projects - Snowmass Center Land project
Housing Projects - Mtn View I-Exterior Renovations-Stairs, Rails, etc
Housing Projects - WMRHC Buy-Down Program contribution

Total Expenditures

16
Page 41 of 100

Town of Snowmass Village
Outstanding Debt as of 12/31/27
Type

Purpose
Recreation Center

Balance

2027

2027

Balance

at 12/31/26

Additions

Principal Paid

at 12/31/27

General Obligation

$

-

GRAND TOTAL (Non-Housing)

$

-

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

TOTAL Pymt

Maturity Date

Interest Pymt

Oct. 01, 2026

$

-

$

-

$

-

$

-

Dec. 01, 2026

$

-

$

-

Other Long-term Obligations:
Town Hall

Certificate of Participation (not considered a
debt instrument)

$

Carriageway

Annual Appropriation Capital Lease

$

1,398,000

$

98,000

$

1,300,000

Dec. 01, 2038

$

52,709

$

150,709

Snowmass Inn

Annual Appropriation Capital Lease

$

4,660,000

$

285,000

$

4,375,000

June 1, 2040

$

109,805

$

394,805

Snowmass Center Land

Certificate of Participation

$

12,600,000

$

-

$

210,000

$

12,390,000

Dec. 01, 2055

$

589,863

$

799,863

TOTAL all long-term obligations

$

18,658,000

$

-

$

593,000

$

18,065,000

$

752,377

$

1,345,377

GRAND TOTAL - ALL DEBT AND LT Obligations

$

18,658,000

$

-

$

593,000

$

18,065,000

$

752,377

$ 1,345,377

17
Page 42 of 100

TOWN OF SNOWMASS
VILLAGE
General Fund

18
Page 43 of 100

Town of Snowmass Village
General Fund – Budget Summary
BUDGET SUMMARY

#

2025

2026

2026

2027

o

Actual

Budget

Projected

Proposed

BEGINNING CARRYOVER

$

OPERATING REVENUES
OPERATING EXPENDITURES
Net Operating Rev's/Exp

36,205,854.78

$

30,218,531.12

$

$

30,453,709.11

$

(23,029,604.44)

30,218,531.12

$

22,856,031.12

$

29,173,766.00

$

28,933,022.00

$

29,902,094.00

$

(27,920,450.00) $

(27,921,440.00)

$

(27,791,266.00)

1,253,316.00

2,110,828.00

$

7,424,104.67

$

$

1,011,582.00

$

TRANSFER OUT - CERF

$

(380,000.00)

$

(380,000.00) $

(380,000.00)

$

(380,000.00)

Capital Outlay

$

(170,778.15)

$

(324,446.00) $

(324,446.00)

$

(378,920.00)

TOTAL REVENUES

$

30,453,709.11

$

29,173,766.00

$

28,933,022.00

$

29,902,094.00

TOTAL EXPENDITURES

$

(23,580,382.59)

$

(28,624,896.00) $

(28,625,886.00)

$

(28,550,186.00)

$

6,873,326.52

$

548,870.00

307,136.00

$

1,351,908.00

Net Operating Rev's/Exp-with Capital
OTHER EXPENDITURES

$

161,465.97

$

$

(392,440.00) $

(392,440.00)

$

(393,000.00)

--Snowmass Ctr Land-COP - Transfer In-Tourism

$

429,314.02

$

799,863.00

$

802,363.00

$

802,363.00

--Snowmass Ctr Land-COP payment

$

(429,314.02)

$

(799,863.00) $

(802,363.00)

$

(802,363.00)

--Aspen School District - Property Tax Revenue

$

512,113.35

$

1,009,165.00

$

1,009,165.00

$

1,066,077.00

--Aspen School District - Property Tax Payment & Collctn Fees

$

(500,000.00)

$

(1,009,165.00) $

(1,009,165.00)

$

(1,066,077.00)

---Marijuana/Cigarette Tax Revenues

$

153,188.83

$

139,282.00

$

122,992.00

$

116,842.00

---Marijuana/Cigarette Tax Exp-Mental Health Svc $80K/Homeless $28K $

(107,070.00)

$

(146,827.00) $

(146,827.00)

$

(156,510.00)

---Lease Proceeds (GASB 87)

$

-

$

100,000.00

$

100,000.00

$

100,000.00

---Lease Expense (GASB 87)

$

-

$

(100,000.00) $

(100,000.00)

$

(100,000.00)

BUDGET DESIGNATIONS

$

TRANSFER OUT - Housing

$

(11,739,170.00)
-

-

$

-

$

(5,583,000.00)
-

$

(1,659,258.00)
-

$
$

(1,251,178.33)

$

(2,581,380.00) $

(1,580,361.00)

$

Cougar Canyon - Towards Reserve

$

(90,000.00)

$

(90,000.00) $

(90,000.00)

$

$

(12,860,650.18)

$

(8,654,365.00) $

(7,669,636.00)

$

(3,817,506.00)

$

30,218,531.12

$

22,113,036.12

22,856,031.12

$

20,390,433.12

$

-

$
$

ONE-TIME REVENUES

ENDING CARRYOVER

$

(5,583,000.00) $

ONE-TIME EXPENDITURES

NET OTHER REVENUE/EXPENDITURES

-

$
$

-

2025

2026

o

2026

2027

INVENTORY

$

Actual
462,465.39

$

Budget
425,000.00

$

Projected
335,000.00

PREPAID EXPENSES

$

114,692.50

$

100,000.00

$

100,000.00

$

100,000.00

TABOR - RESERVE

$

782,586.99

$

782,586.99

$

782,586.99

$

782,586.99

$

Proposed
335,000.00

TOWN HALL COP-COUGAR CANYON

$

450,000.00

$

360,000.00

$

360,000.00

$

HOLY CROSS ENHANCEMENT FUNDS

$

382,298.93

$

489,930.93

$

489,930.93

$

BUILDING/EQUIPMENT RESERVE FUND

$

796,320.49

$

533,880.31

$

533,880.31

$

295,880.31

RESERVE FOR INSURANCE LIABILITY

$

841,752.00

$

867,005.00

$

867,005.00

$

893,015.00

RESERVE FOR 2025 EXPENDITURES IN 2026

$

988,023.00

$

COMCAST-PEG FEE RESERVE

$

48,456.30

$

59,419.68

$

58,871.51

$

69,390.87

MARIJUANA/CIGARETTE TAX RESERVE

$

674,507.26

$

673,209.65

$

650,672.10

$

611,004.65

BASE VILLAGE-COMMUNITY PURPOSE

$

161,570.00

$

161,570.00

$

161,570.00

$

161,570.00

$

3,000,000.00

$

3,000,000.00

$

3,000,000.00

KNOWN ECONOMIC DISTURBANCES
EMERGENCY RESERVE-30%
TOTAL DESIGNATIONS:

TRANSFER OUT - CIP

#

FUNDS AVAILABLE:
TOTAL DESIGNATIONS & FUNDS AVAILABLE

-

$

-

$

604,498.93

-

$

9,136,112.73

$

8,752,129.80

$

8,679,906.60

$

8,970,628.20

$

14,838,785.59

$

16,204,732.36

$

16,019,423.44

$

15,823,574.95

$

15,379,745.53

$

5,908,303.76

$

6,836,607.68

$

4,566,858.17

$

30,218,531.12

$

22,113,036.12

$

22,856,031.12

$

20,390,433.12

(1,725,580.00)
-

19
Page 44 of 100

Holy Cross
Community
Enhancement
Account

Beginning Balance

2022
Actual

2023
Actual

$

385,028.12

Holy Cross
Interest Income

$

108,818.83 $

112,056.67 $

$

6,917.50

$

25,718.81

$

TOTAL

$

115,736.33

$

137,775.48

$

Revenues

$

2024
Actual

500,764.45

$

2025
Actual

138,539.93

2026
Budget

2026
Revised

2026
VARIANCE

2026
Projected

2027
Budget

$

259,084.83

$

382,298.93

$

382,298.93

$

-

$

382,298.93

$

492,298.93

108,784.98 $

112,112.17
11,101.93

107,632.00
-

$
$

107,632.00
-

$
$

-

$
$

110,000.00
-

112,200.00

$

$
$

$

11,759.92
120,544.90

$

123,214.10

$

107,632.00

$

107,632.00

$

-

$

110,000.00

$

-

$

112,200.00

Expenditures

Music Tent
$
Energy Efficiency Exp
Trail Signage
Ice Rink
RFP-CORE
$
ACES
$
Solar Renewable Project
Micro-Hydro Renewable Projec $
Town Park
$

-

$

-

$

-

-

$

500,000.00

$

-

$

-

$

-

$

-

$

-

$

-

-

$

500,000.00

$

-

$

-

$

-

$

-

$

-

$

-

$

-

500,764.45

$

138,539.93

$

$

-

$

$

2030
835,675.93

$

2031
954,743.93

$

119,068.00 $

121,449.00

$

Ending Balance

$

Beginning Balance
Holy Cross
Interest Income
TOTAL

$

$
$
$
$
$
$
$
$

TOTAL

Revenues

-

$
$

-

119,068.00

$
$

259,084.83

$

382,298.93

$

489,930.93

$

489,930.93

492,298.93

$

604,498.93

121,449.00

Expenditures

Music Tent
Energy Efficiency Exp
Trail Signage
Ice Rink
RFP-CORE
ACES
Solar Renewable Project
Micro-Hydro Renewable Project
Town Park
$
TOTAL
$

Ending Balance

$

954,743.93

$
$
$

1,076,192.93

20
Page 45 of 100

Town of Snowmass Village
General Fund Operating Summary 2027

21
Page 46 of 100

Town of Snowmass Village
Sales Tax Chart

22
Page 47 of 100

Town of Snowmass Village
General Fund-Operating Revenue
2027 $29,902,094

23
Page 48 of 100

Town of Snowmass Village
General Fund – Operating Expenditures
2027 $28,550,186

24
Page 49 of 100

2025
Actual

General Fund
Budget Summary

Operating Revenues &Expenditures

2026
Budget

REVENUES
Taxes - G.F. Property Tax
-County Sales Tax
-Town Sales Tax
-Other Taxes

$
$
$
$

593,110.86 $
7,623,509.77 $
4,189,333.36 $
855,075.16 $

651,293
7,311,002
4,309,339
880,241

SUB-TOTAL
Intergovernmental Rev
Licenses/Permits
Charges for Services
Fines and Forfeits
Contributions
Miscellaneous
Other Financing Sources
Sales of Assets

$
$
$
$
$
$
$
$
$

13,261,029.15
1,529,573.90
1,667,032.80
4,974,265.54
86,803.42
2,531,955.53
2,134,430.85
-

$
$
$
$
$
$
$
$
$

SUB-TOTAL

$

26,185,091.19

$

Transfers-Other Funds

$

Total Revenues

2026
Projected
Budget
$
$
$
$

688,023
7,868,441
4,200,202
884,497

13,151,875 $
1,410,761 $
1,144,000 $
4,449,901 $
94,370 $
2,479,022 $
1,285,869 $
$
$
-

13,236,630 $
1,533,798 $
984,000 $
4,278,272 $
66,990 $
1,851,323 $
1,813,479 $
$
$

13,641,163
1,729,419
982,000
4,533,001
84,890
2,357,189
1,235,833
-

24,015,798 $

23,764,492 $

24,563,495

4,268,617.92 $

5,157,968

5,168,530

$

5,338,599

$

30,453,709.11

$

29,173,766 $

28,933,022 $

29,902,094

EXPENDITURES
Personnel Services
Purchased Services
Operating & Maintenance
Grants and Donations

$
$
$
$

16,876,968.81
3,764,358.59
2,387,084.97
1,192.07

$
$
$
$

19,851,362
5,088,837
2,978,251
2,000

19,851,362
5,089,827
2,978,251
2,000

$
$
$
$

20,126,958
5,063,205
2,599,103
2,000

SUB-TOTAL

$

23,029,604.44

$

27,920,450 $

27,921,440 $

27,791,266

Transfer Out-CERF

Cash Purchases

$
$

380,000.00 $
170,778.15 $

380,000 $
324,446 $

380,000 $
324,446 $

380,000
378,920

Total Expenditures

$

23,580,382.59

28,624,896 $

28,625,886 $

28,550,186

NET REV/EXP -

$

6,873,326.52 $

548,870

307,136 $

1,351,908

$

$
$
$
$

$

$
$
$
$

$

651,293
7,639,264
4,077,866
868,207

2027
Proposed
Budget

25
Page 50 of 100

General Fund Budget Comparisons
2026 Budget to 2027 Proposed
Revenues
2026 Budget

$

29,173,766

County Sales Tax
Town Sales Tax
SB 230 Grant
Building Permits
Electrical Permits
Plan Check Fees
Solid Waste Fees
Recreation Fees/Memberships
Ski Corp Contribution

$
$
$
$
$
$
$
$
$

557,439 2027 is 3.00% over 2026 projected/'26 projected is 4.49% over '26 budgeted
(109,137) 2027 is 3.00% over 2026 projected/'26 projected is 5.37% below '26 budgeted
256,000 For expanded demand response bus service
(150,000) Flat to 2026 projected, but lower than '26 budget based on ytd numbers
(35,000) Flat to 2026 projected, but lower than '26 budget based on ytd numbers
(185,000) Flat to 2026 projected, but lower than '26 budget based on ytd numbers
197,309 Budgeting a 2.5% increase in rates
50,000 Based on historical revenues
(125,957) 2027 is budgeted using a two-year average of skiers visits, lower due to low snow/skiers in '26 actual

Transfer In-RETT

$

104,574 Increase in personnel costs/contract svc/supplies/utilities

Transfer In-Road
Interest Income

$
$

56,577 Inc in personnel costs/utility costs/sanding material/contract service
(56,302) Based on lower average fund balance going into 2027 vs. 2026 plus possible lower rates

Other Accounts

$

167,825

2027 Proposed Budget

$

29,902,094

Expenditures
2026 Budget

$

Personnel Services
Purchased Services
Operating & Maintenance
Cash Purchases

$
$
$
$

Other Accounts

$

2027 Proposed Budget

$

28,624,896
275,596 Raises/Benefits/Changes in Staffing
(25,632) Consultant/Communication Svc/Bank Fees dec/Software Licensing
(379,148) Town Hall COP paid off in '26/Dues, Membrshp/Vehicle Costs/Equipment/Supplies
54,474 I.T. -Computers & Equipment/Parks & Rec-Line field striper/Aerator/Wheelbarrow
-

28,550,186

26
Page 51 of 100

General Fund
One-Time Expenditures

Irrigation Clocks & Sensor updates
Zamboni Trailer
MT 100 Mini Track Loader
E20 Compact Excavator
Bob Cat Tool Cat

2026

2026

2027

Budget

Projected

Budget

77,000
300,000
24,000

$
$
$

77,000
300,000
24,000

$
$
$

-

$

401,000

$

401,000

$

-

$
$

220,000
62,427

$
$

240,000
61,778

$
$

240,000
75,360

$

282,427

$

301,778

$

315,360

$
$
$
$
$

12,005
41,000
20,000

$
$
$

12,005
42,289

$

-

$
$
$
$
$

15,000
58,000
12,000
100,000

$

73,005

$

54,294

$

185,000

$
$

28,314
49,565

$
$

49,565

$
$

28,314
-

$

77,879

$

49,565

$

28,314

GIS server upgrades)

$

67,768

$

25,000

New Positions Expenses

$

10,000

$

10,000

$

-

Council I-pads

$

2,060

$

2,060

$

-

Upgrades to Council Chambers & mtg spaces

$

85,947

$

4,973

$

80,974

Equipment sheds for fiber network

$

25,000

$

25,000

$

-

Town Council

Comm Dev
Scanning documents/plans
OpenGov - Building
OpenGov - Planning
Munirevs Change Order - Addressing
LUC
PW Admin
PW Design Animal Contol Remodel
Backup Power
Town Manager
$

-

TH Backup Power
Bottle Fill Stations
SGM-Plan Update
TH Roof Hoist Install
TH Ladder Cage
PW Remodel
PW Paint Storage Cabinet
Rec-Windows
TH Windows above door
LED Light Conversion (TH/REC/PW)
Slab Sensor for Mall Section of Snowment
Leak Detection of Snowmelt system at PW
Tinting of Doors from Gym to Pool Deck
Emergency Power Off Switches for Pool / Mech

Banquet Tables & Chairs
ADA Pool Lift
Teak Wood Benches
Spin Bikes (use Marketing Collateral $30K)
Locker Room Flooring

License Plate Reader System
2-UBCO Electric Utility Trail Motorcycles
Replacement Radio's
Dispatch-CIP
E-ticket mobile printers

$

7,860

$

1,000

$

6,860

$

14,158

$

5,000

$

9,158

Fiber Lease

$

42,589

$

42,589

$

-

MS Server Data Center
CivicClerk Implementation
VOIP Replacement (transition on-prem/cloud)
Tables/Floor Runners
Camera System Upgrade

$
$
$
$
$

26,189
25,000
30,000
5,000
32,537

$
$
$
$
$

26,189
30,000
5,000
32,537

$
$
$
$
$

-

$

374,108

$

209,348

$

96,992

Road

$
$
$
$
$
$
$

80,000
60,000
20,000
71,000
20,275

$
$
$
$
$
$
$

76,612
60,000
71,000
20,275

$
$
$
$
$
$
$

20,000
35,000
-

Traffic Counter
Metal Roof on outdoor bay
Tablets for Field Work
Skidster Flair Machine Mower
Replacement Radio's
Tow Behind Trimmer
Striper
Monument Sign @ Bru Crk Rd and Divide

Transportation

$

251,275

$

227,887

$

55,000

$
$

20,000
-

$
$

20,000
-

$
$

-

$

20,000

$

20,000

$

-

$

122,102

$

20,000

$

Shop

Finance
Software Ugrades

102,102

Solid Waste
Bearproof Cans

10,000
20,000
-

$
$
$
$
$

10,000
-

$
$
$
$
$

60,000
20,000
39,155
40,855
95,000

$

30,000

$

10,000

$

255,010

$
$
$
$
$
$
$
$
$
$
$
$
$
$

243,974
3,781
15,000
7,500
12,000
13,095
3,000
20,000
25,000
90,000
-

$
$
$
$
$
$
$
$
$
$
$
$
$
$

40,000
5,000
1,500
13,095
78,901
-

$
$
$
$
$
$
$
$
$
$
$
$
$
$

300,000
4,500
10,000
20,000
25,000
5,000
5,000
8,000
30,000

$

433,350

$

138,496

$

407,500

$
$
$
$
$

1,089
17,500
10,000
4,500
-

$
$
$
$
$

17,500
10,000
-

$
$
$
$
$

1,089
4,500
22,000

$

33,089

$

27,500

$

27,589

$
$
$
$
$

4,482
15,000
95,215
150,785
-

$
$
$
$
$

1,900
13,378
95,215
-

$
$
$
$
$

10,000

$

265,482

$

110,493

$

10,000

$

138,713

$

10,000

$

153,713

$

138,713

$

10,000

$

153,713

$
$
$
$
$
$
$
$

14,500
10,163
2,418
30,000
21,870

$
$
$
$
$
$
$
$

-

$
$
$
$
$
$
$
$

30,000
26,500
2,000
15,500
74,000

Police

Community engagement supplies/events

Open Gov Fleet Module Implementation
Fuel System Upgrade

$
$
$
$
$

Rec Center

Civicplus updates

Marketing Enhancement
Bike Rack Upgrade
ADA Lift
Ridership Survey
ZERO EMISSIONS PLAN FOR TOWN FLEET
New Garage Exit Door
Fleet-Electric Vehicle Plan

2027
Budget

Fac Mntn
$
$
$

Charitable Grants
Pitco Detox

2026
Projected

Parks/Trails

Town Council
STR Fee Study
THRIVE, NOT JUST SURVIVE
Community Survey

2026
Budget

$

-

$

-

$

-

$

-

$

-

$

-

Arts Board
Art Projects

$

78,951

$

-

$

Employee Survey done by Third Party

$

-

$

-

$

5,000

Cultural Assessment of Organization

$

-

$

-

$

10,000

$

-

$

-

$

15,000

$

-

$

-

$

-

$

-

$

-

$

-

Human Resources

Other

$

2,581,381

$

1,580,361

$

1,725,580

27
Page 52 of 100

TOWN OF SNOWMASS
VILLAGE
Real Estate Transfer Tax Fund

28
Page 53 of 100

Town of Snowmass Village
Real Estate Transfer Tax Fund Budget Summary
Revenues over Expenditures
2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

BEGINNING CARRYOVER

$

13,311,144.99

$

16,833,083.91

$

16,833,083.91

$

7,951,494.91

OPERATING REVENUES

$

8,312,362.46

$

5,809,742.00

$

5,381,330.00

$

7,111,409.00

TRANSFER OUT - CERF
OPERATING EXPENDITURES

$
$

(770,000.00)
(2,343,541.44)

$
$

(770,000.00) $
(2,763,774.00) $

(770,000.00)
(2,774,336.00)

$
$

(1,265,000.00)
(2,872,811.00)

$

5,198,821.02

$

2,275,968.00

$

1,836,994.00

$

2,973,598.00

Capital Bldg/Equip Reserve Used
TRANSFER OUT - CIP

$
$

(221,882.10)
(1,455,000.00)

$
$

(261,108.00) $
(10,457,475.00) $

(261,108.00)
(10,457,475.00)

$
$

(176,691.00)
(940,000.00)

YEAR END CARRYOVER

$

16,833,083.91

$

8,390,468.91

7,951,494.91

$

9,808,401.91

NET REVENUE over EXPENDITURES

$

Appropriations/Reserves of the Year End Carryover
2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

Capital Building/Equipment Reserve
Emergency Reserve
Funds Available

$
$
$

663,222.53
4,000,000.00
12,169,861.38

$
$
$

652,114.53
5,500,000.00
2,238,354.38

$
$
$

652,114.53
5,500,000.00
1,799,380.38

$
$
$

725,423.54
5,500,000.00
3,582,978.37

TOTAL-OTHER APPROPRIATIONS/RESERVES

$

16,833,083.91

$

8,390,468.91

$

7,951,494.91

$

9,808,401.91

29
Page 54 of 100

Real Estate Transfer Tax Fund
Revenues and Expenditures 2027

30
Page 55 of 100

Real Estate Transfer Tax Fund
Budget Comparisons – 2026 Budget to 2027 Proposed
Revenues
2026 Budget

$ 5,809,742

Real Estate Transfer taxes
Base Village-New Sales
Interest Income

$
$
$

(350,221) 2027 is lower to '26 Budget, but higher than '26 projected
1,740,000 Buildings 10 AB
(88,112) Based on lower avg fund balance plus possible lower rates

Other Accounts

2027 Proposed Budget

$ 7,111,409

Expenditures
2026 Budget

$ 3,533,774

Transfer out-General Fund
Annual Bldg Maintenance Costs
Transfer out-CERF

$
$
$

Other Accounts

$

2027 Proposed Budget

$ 4,137,811

104,574 Increase in personnel costs/contract svc/supplies/utilities
4,463
495,000 Increase due to inc in bus costs and uncertainty in Federal Grants
-

31
Page 56 of 100

RETT
Revenues - 2027

Description
RETT Revenues
Base Village Sales
One-time Sales
Interest Income
TOTAL

$
$
$
$
$

2025 Actual
5,799,348.69
1,450,000.00
1,063,013.77
8,312,362.46

$
$
$
$
$

2026 Budget
5,389,742.00
420,000.00
5,809,742.00

2026 Projected
$ 4,538,167.00
$
$
$
843,163.00
$ 5,381,330.00

2027 Proposed
$
5,039,521.00
$
1,740,000.00
$
$
331,888.00
$
7,111,409.00

32
Page 57 of 100

RETT
Expenditures
2027

Description
Annual Bldg Maintenance
Miscellaneous
Sub-Total

2027 Proposed
2026 Projected
2026 Budget
2025 Actual
$
117,161.95 $
89,250.00 $
89,250.00 $
93,713.00
$
$
$
$
$
117,161.95 $
89,250.00 $
89,250.00 $
93,713.00

Transfer out- GF-Transp
Transfer out- GF-Parks/Trails
Transfer out-Pool/Rec Ctr
Sub-Total

$
$
$
$

553,502.40
699,747.88
973,129.21
2,226,379.49

$

2,343,541.44 $

TOTAL
Transfer out-CERF
Transfer out-CIP
Sub-Total
TOTAL
Capital Reserve Used
GRAND TOTAL

$
$
$
$

621,016.00
1,038,253.00
1,119,829.00
2,779,098.00

2,774,336.00 $

2,872,811.00

$
$
$

770,000.00 $
770,000.00 $
770,000.00 $
1,455,000.00 $ 10,457,475.00 $ 10,457,475.00 $
2,225,000.00 $ 11,227,475.00 $ 11,227,475.00 $

1,265,000.00
940,000.00
2,205,000.00

$

4,568,541.44 $ 13,991,249.00 $ 14,001,811.00 $

5,077,811.00

$
$

$
$
$
$

221,882.10 $

604,574.00
1,001,287.00
1,068,663.00
2,674,524.00

$
$
$
$

2,763,774.00 $

261,108.00

604,574.00
1,001,287.00
1,079,225.00
2,685,086.00

$261,108.00 $

176,691.00

4,790,423.54 $ 14,252,357.00 $ 14,262,919.00 $

5,254,502.00

33
Page 58 of 100

Transfer of Funds from RETT Fund to General Fund
2025
Actual

Parks & Trails Expenditures

2026
Budget

$
$
$
$
$

Rodeo Property

$

1,452.08

GRAND TOTAL-Parks & Trails Expend

$

722,747.88

$

(23,000.00) $

$

-

GRAND TOTAL- Parks & Trails Sources

$

(23,000.00) $

(23,000.00) $

(23,000.00)

$

(23,000.00)

Net - Parks & Trails Activities
% Recovered

$

699,747.88 $
3.2%

1,001,287.00 $
2.2%

1,001,287.00
2.2%

$

1,038,253.00
2.2%

Recreation Program Expenditures

$
$
$
$
$

2027
Proposed

Operating Costs
Capital Costs
Sub-Total
Shop-Vehicle Labor
Total

Parks & Trails Funding Sources
Transfers in-From Lottery Fund
Holy Cross Funds (ice rink)
Transfers in-Housing Fund/Gen Fund

702,396.46
14,075.59
716,472.05
4,823.75
721,295.80

2026
Projected

999,387.00
12,000.00
1,011,387.00
10,900.00
1,022,287.00

$
$
$
$
$

$

2,000.00

$

2,000.00

$

$

1,024,287.00

$

1,024,287.00

$

(23,000.00) $

(23,000.00)

$

(23,000.00)

$

-

$

999,387.00
12,000.00
1,011,387.00
10,900.00
1,022,287.00

-

$
$
$
$
$

$

1,027,253.00
20,700.00
1,047,953.00
11,300.00
1,059,253.00

2025
Actual

Recreation Center Expenditures

2026
Budget

2026
Projected

2027
Proposed

2,000.00

Operating Costs
Shop-Vehicle Labor
Rec Center - Utilities
Facility Mntn-Rec Ctr-cleaning/supplies

$
$
$
$

1,489,147.46
1,593.75
131,914.61
144,626.91

$
$
$
$

1,491,258.00
3,100.00
164,098.00
131,250.00

$
$
$
$

1,439,258.00
3,100.00
170,160.00
131,250.00

$
$
$
$

1,468,452.00
3,200.00
170,527.00
144,375.00

1,061,253.00

GRAND TOTAL-Rec Center Expend

$

1,767,282.73

$

1,789,706.00

$

1,743,768.00

$

1,786,554.00

Recreation Center Funding Sources
Recreation Ctr Memberships
Recreation Ctr Personal Trainers
Recreation Ctr Concessions
Recreation Rental Fees

$
$
$
$

(926,064.98)
(44,082.50)
(33,810.67)
(15,440.00)

$
$
$
$

(865,000.00)
(17,000.00)
(26,000.00)
(16,000.00)

$
$
$
$

(890,000.00)
(35,000.00)
(26,000.00)
(16,000.00)

$
$
$
$

(895,000.00)
(25,000.00)
(30,000.00)
(18,000.00)

GRAND TOTAL- Rec Center Sources

$

(1,019,398.15) $

(924,000.00) $

(967,000.00)

$

(968,000.00)

Net - Rec Center Activities
% Recovered

$

747,884.58 $
57.7%

865,706.00 $
51.6%

776,768.00
55.5%

$

818,554.00
54.2%

Total Recreation Program and Center
% Recovered

$

973,129.21 $
56.2%

1,158,663.00 $
49.1%

1,079,225.00
51.6%

$

1,119,829.00
51.4%

$553,502.40

$604,574

$604,574

$553,502
0%

$604,574
0%

$604,574
0%

$

621,016.00
0%

2,685,086.00

$

2,779,098.00

-

Operating Costs

$

455,633.62

$

487,957.00

$

487,957.00

$

516,275.00

GRAND TOTAL-Rec Program Expend

$

455,633.62

$

487,957.00

$

487,957.00

$

516,275.00

Recreation Program Funding Sources
Mountain Biking Fees
Gen'l Fund- Recreation Fees

$
$

(5,660.00) $
(224,728.99) $

(15,000.00) $
(180,000.00) $

(5,500.00)
(180,000.00)

$
$

(15,000.00)
(200,000.00)

GRAND TOTAL- Rec Prgm Sources

$

(230,388.99) $

(195,000.00) $

(185,500.00)

$

(215,000.00)

Net - Rec Program Activities
% Recovered

$

225,244.63 $
50.6%

292,957.00 $
40.0%

302,457.00
38.0%

$

301,275.00
41.6%

Transportation - Rolling Stock Costs
Net - Transportation Activities
% Recovered
RETT TRANSFER TO GENERAL FUND

$

2,226,379.49

$

2,764,524.00

$

$621,016

34
Page 59 of 100

TOWN OF SNOWMASS
VILLAGE
Road Mill Levy Fund

35
Page 60 of 100

Town of Snowmass Village
Road Mill Levy Fund Budget Summary
Revenues over Expenditures
2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

BEGINNING CARRYOVER

$

1,551,768.38

$

2,149,863.03

$

2,149,863.03

$

1,903,687.03

OPERATING REVENUES

$

4,092,031.68

$

4,299,827.00

$

4,403,964.00

$

4,753,499.00

TRANSFER OUT - CERF
OPERATING EXPENDITURES

$
$

(400,000.00)
(2,234,937.03)

$
$

(400,000.00) $
(2,952,676.00) $

(400,000.00)
(2,950,140.00)

$
$

(400,000.00)
(3,156,382.00)

$

1,457,094.65

$

947,151.00

$ 1,053,824.00

$

1,197,117.00

TRANSFER OUT - CIP

$

(859,000.00)

$

(1,300,000.00) $

(1,300,000.00)

$

(1,300,000.00)

YEAR END CARRYOVER

$

2,149,863.03

$ 1,797,014.03

$ 1,903,687.03

$

1,800,804.03

2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

NET REVENUE over EXPENDITURES

Appropriations/Reserves of the Year End Carryover

Building/Equipment Reserve

$

952,178.23

$

858,523.23

$

858,523.23

$

632,523.23

Funds Available

$

1,197,684.80

$

938,490.80

$

1,045,163.80

$

1,168,280.80

TOTAL-OTHER APPROPRIATIONS/RESERVES

$

2,149,863.03

$ 1,903,687.03

$

1,800,804.03

$ 1,797,014.03

36
Page 61 of 100

Road Mill Levy Fund
Revenues and Expenditures 2027

37
Page 62 of 100

Road Mill Levy Fund
Budget Comparisons- 2026 Budget to 2027 Proposed
Revenues
2026 Budget

$ 4,299,827

Property Tax Revenues
Occupancy Assessments
Interest Income

$
$
$

Other Accounts

$

2027 Proposed Budget

$ 4,753,499

238,877 Based on assessed valuation
195,000 Building 10AB
19,795
-

Expenditures
2026 Budget

$ 3,352,676

Transfer out-General Fund
Capital Reserve Used
Annual Maintenance Costs

$
$
$

Other Accounts

$

2026 Proposed Budget

$ 3,556,382

56,577 Increase in road maintenance and utility costs
132,345 Per SGM scheduled work plan for 2027
15,624 Normal maintenance costs
(840)

38
Page 63 of 100

TOWN OF SNOWMASS
VILLAGE
Lottery Fund

39
Page 64 of 100

Town of Snowmass Village
Lottery Fund Budget Summary
Revenues over Expenditures
2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

BEGINNING CARRYOVER

$

147,501.92

$

167,610.96

$

167,610.96

$

187,078.96

OPERATING REVENUES

$

43,109.04

$

42,667.00

$

42,468.00

$

43,106.00

OPERATING EXPENDITURES

$

(23,000.00)

$

(23,000.00) $

(23,000.00)

$

(23,000.00)

$

20,109.04

$

19,667.00

19,468.00

$

20,106.00

NET REVENUE over EXPENDITURES
Transfer Out-Capital Projects Fund

$

YEAR END CARRYOVER

$

167,610.96

$
$

187,277.96

$
$
$

187,078.96

$
$

207,184.96

Appropriations/Reserves of the Year End Carryover
2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

Funds Available

$

167,610.96

$

187,277.96

$

187,078.96

$

207,184.96

TOTAL-OTHER APPROPRIATIONS/RESERVES

$

167,610.96

$

187,277.96

$

187,078.96

$

207,184.96

40
Page 65 of 100

Lottery Fund
Revenues and Expenditures 2027

41
Page 66 of 100

Lottery Fund
Budget Comparisons-2026 Budget to 2027 Proposed
Revenues

2026 Budget

$

42,667

Lottery Funds
Other Accounts

$
$

(1,740)
2,179

2027 Proposed Budget

$

43,106

2026 Budget

$

23,000

Other Accounts

$

-

2027 Proposed Budget

$

23,000

Expenditures

42
Page 67 of 100

TOWN OF SNOWMASS
VILLAGE
Excise Tax Fund

43
Page 68 of 100

Town of Snowmass Village
Excise Tax Fund Budget Summary
Revenues over Expenditures
2025

2026

2026

BUDGET

Actual

2027

PROJECTED

PROPOSED

BEGINNING CARRYOVER

$

3,826,810.81

$

2,448,589.88

$

2,448,589.88

$

2,540,705.88

OPERATING REVENUES

$

2,201,271.77

$

221,958.00

$

347,116.00

$

277,624.00

OPERATING EXPENDITURES

$

$

(5,000.00) $

(5,000.00)

$

(5,000.00)

342,116.00

$

272,624.00

NET REVENUE over EXPENDITURES

-

$

2,201,271.77

$

Transfer Out-Capital Projects Fund

$

(800,000.00)

$

-

Purchase-Mtn View unit

$

$

(250,000.00) $

Purchase-Willows Employee Housing Unit

$

(692,637.70)

$

-

$

-

$

-

Transfer Out-Carriageway Fund

$

(2,086,855.00)

$

-

$

-

$

-

YEAR END CARRYOVER

$

2,448,589.88

$ 2,015,547.88

-

216,958.00

$
$

$

(250,000.00)

2,540,705.88

$

-

$

-

$

2,813,329.88

Appropriations/Reserves of the Year End Carryover
2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

Funds Available

$

2,448,589.88

$

2,015,547.88

$

2,540,705.88

$

2,813,329.88

TOTAL-OTHER APPROPRIATIONS/RESERVES

$

2,448,589.88

$ 2,015,547.88

$

2,540,705.88

$

2,813,329.88

44
Page 69 of 100

Excise Tax Fund
Revenues and Expenditures 2027

45
Page 70 of 100

Excise Tax Fund
Budget Comparisons-2026 Budget to 2027 Proposed
Revenues
2026 Budget

$

221,958

Interest Income

$
$

55,666

Other Accounts

$

-

2027 Proposed Budget

$

277,624

2026 Budget

$

5,000

Miscellaneous

$

-

Other Accounts

$

-

2027 Proposed Budget

$

5,000

Expenditures

46
Page 71 of 100

TOWN OF SNOWMASS
VILLAGE
REOP Fund

47
Page 72 of 100

Town of Snowmass Village
REOP Budget Summary
Revenues over Expenditures
2025

2026

2026

BUDGET

Actual

2027

PROJECTED

PROPOSED

BEGINNING CARRYOVER

$

1,041,286.01

$

1,349,603.56

$

1,349,603.56

$

1,061,417.56

OPERATING REVENUES

$

533,317.55

$

58,951.00

$

146,814.00

$

137,482.00

OPERATING EXPENDITURES

$

(225,000.00)

$

(435,000.00) $

(435,000.00)

$

(330,000.00)

$

308,317.55

$

(376,049.00) $

(288,186.00)

$

(192,518.00)

NET REVENUE over EXPENDITURES
TRANSFER OUT - CIP

$

YEAR END CARRYOVER

$

1,349,603.56

$
$

973,554.56

$

-

$ 1,061,417.56

$
$

868,899.56

Appropriations/Reserves of the Year End Carryover
2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

Funds Available

$

1,349,603.56

$

973,554.56

$

1,061,417.56

$

868,899.56

TOTAL-OTHER APPROPRIATIONS/RESERVES

$

1,349,603.56

$

973,554.56

$ 1,061,417.56

$

868,899.56

48
Page 73 of 100

Town of Snowmass Village
REOP Budget Detail
2025 Actual

2026 Budget

2026 Revised

$1,041,286.01

$1,349,603.56

$1,349,603.56

REOP

$481,579.76

$20,000

Interest Income

$51,737.79

$38,951

$533,317.55

$58,951

Beg Fund Balance

2026 Variance

2026 Projected

2027

$0.00

$1,349,603.56

$1,061,417.56

($288,186.00)

$868,899.56

$677,505.56

$487,269.56

$298,226.56

$20,000

$0.00

$100,000

$100,000

$80,000.00

$100,000

$100,000

$100,000

$100,000

$38,951

$0.00

$46,814

$37,482

($1,469.00)

$38,606

$39,764

$40,957

$42,186

$58,951

$0.00

$146,814

$137,482

$78,531.00

$138,606

$139,764

$140,957

$142,186

2027 Variance

2028

2029

2030

2031

Revenues

TOTAL Revenue
Expenditures
Personnel Services
Contract Service
Miscellaneous
TOTAL Expenditures
Ending Fund Balance

$0.00

$0

$0

$0.00

$51,822

$71,752

($71,752.00)

$74,855

$78,100

$81,492

$85,038

$225,000.00

$375,000

$375,000

$0.00

$323,178

$258,248

$116,752.00

$255,145

$251,900

$248,508

$244,962

$0.00

$60,000

$60,000

$0.00

$60,000

$0

$60,000.00

$0

$0

$0

$0

$225,000.00

$435,000

$435,000

$0.00

$435,000

$330,000

$105,000.00

$330,000

$330,000

$330,000

$330,000

$1,349,603.56

$973,554.56

$973,554.56

$0.00

$1,061,417.56

$868,899.56

($104,655.00)

$677,505.56

$487,269.56

$298,226.56

$110,412.56

49
Page 74 of 100

TOWN OF SNOWMASS
VILLAGE
Tourism Fund

50
Page 75 of 100

Town of Snowmass Village
Tourism Fund Budget Summary
Revenues over Expenditures
2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

BEGINNING CARRYOVER

$

15,708,740.78

$

16,525,618.29

$

16,525,618.29

$

14,655,425.29

OPERATING REVENUES

$

15,383,605.39

$

15,180,919.00

$

14,830,356.00

$

14,823,039.00

TRANSFER OUT - CERF
OPERATING EXPENDITURES

$
$

(9,037,413.86)

$
$

$
(10,044,923.00) $

(10,023,186.00)

$
$

(9,841,668.00)

$

6,346,191.53

$

5,135,996.00

$

4,807,170.00

$

4,981,371.00

Debt Service-Draw Hsg Project & S'mass Center Land Acquisition
TRANSFER OUT - CIP
TRANSFER OUT - CIP HOUSING

$
$
$

(429,314.02)
(900,000.00)
(4,200,000.00)

$
$
$

(3,799,863.00) $
(475,000.00) $
(5,700,000.00) $

(802,363.00)
(475,000.00)
(5,400,000.00)

$
$
$

(3,802,363.00)
(1,363,800.00)
(2,275,000.00)

YEAR END CARRYOVER

$

16,525,618.29

$

11,686,751.29

14,655,425.29

$

12,195,633.29

NET REVENUE over EXPENDITURES

$

Appropriations/Reserves of the Year End Carryover
2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

Reserve (30%)
Funds Available-Tourism
Reserve for 2025 Expenditures in 2026
KNOWN ECONOMIC DISTURBANCES
Funds Available

$
$
$
$
$

4,615,081.62
7,575,789.12
188,902.00
4,145,845.55

$
$

4,554,275.70
5,100,789.12

$
$

4,449,106.80
5,100,789.12

$
$

4,446,911.70
3,736,989.12

$
$

2,000,000.00
31,686.47

$
$

4,000,000.00
1,105,529.37

$
$

4,000,000.00
11,732.47

TOTAL-OTHER APPROPRIATIONS/RESERVES

$

16,525,618.29

$

11,686,751.29

$

14,655,425.29

$

12,195,633.29

51
Page 76 of 100

Tourism Fund
Revenue and Expenditures 2027

52
Page 77 of 100

Tourism Fund
Budget Summary

2025
Actual

2026
Budget

2026
Projected

2027
Proposed

REVENUES
Marketing Taxes
Lodging Taxes
Contributions/Grants
Miscellaneous
Lease/SBITA's Proceeds
Total Revenues

$
$
$
$
$
$

10,473,340.49 $
3,794,354.28 $
$
1,065,006.38 $
50,904.24 $
15,383,605.39 $

10,772,980 $
3,897,551 $
$
485,388 $
25,000 $
15,180,919 $

10,194,673 $ 10,500,513
3,735,521 $ 3,847,586
$
875,162 $
449,940
25,000 $
25,000
14,830,356 $ 14,823,039

EXPENDITURES
Personnel Services
Purchased Services
Operating & Maintenance
Lease/SBITA Expenses
Cash Purchases

$
$
$
$
$

2,827,920.21
127,618.67
277,265.48
50,904.24
-

$
$
$
$
$

3,201,816
182,122
308,406
25,000
-

$
$
$
$
$

3,201,816
182,122
308,406
25,000
-

$
$
$
$
$

Marketing
Special Events
Public Relations
Transfer out-General Fund
Total Expenditures

$
$
$
$
$

3,420,621.44
2,104,664.52
228,419.30
9,037,413.86

$
$
$
$
$

3,937,852
2,037,590
352,137
10,044,923

$
$
$
$
$

3,877,852
2,037,590
390,400
10,023,186

$ 3,616,920
$ 2,037,590
$
390,400
$
$ 9,841,668

NET REV/EXP -

$

6,346,191.53

$

5,135,996

$

4,807,170 $ 4,981,371

Beginning Carryover

$

15,708,740.78

$

16,525,618

$

16,525,618

Revenues
Expenditures
Debt Service-Tranfr Gen'l
Transfer out-CIP
Transfer out-CIP Housing
Ending Balance

$
$
$
$
$
$

15,383,605.39 $
9,037,413.86 $
429,314.02 $
900,000.00 $
4,200,000.00 $
16,525,618.29 $

15,180,919 $
10,044,923 $
3,799,863 $
475,000 $
5,700,000 $
11,686,751 $

3,223,639
228,749
319,370
25,000
-

$ 14,655,425

14,830,356 $ 14,823,039
10,023,186 $ 9,841,668
802,363 $ 3,802,363
475,000 $ 1,363,800
5,400,000 $ 2,275,000
14,655,425 $ 12,195,633

53
Page 78 of 100

Tourism Fund
Budget Comparisons – 2026 Budget to 2027 Proposed
Revenues
2026 Budget

$

15,180,919

Marketing Sales Taxes
Lodging Taxes
Interest Income

$
$
$

Other Accounts

$

2027 Proposed Budget

$

14,823,039

2026 Budget

$

10,044,923

Personnel Services
Purchased Services
Summer/Winter/Online Marketing
Public Relations

$
$
$
$

Other Accounts

$

10,964

2027 Proposed Budget

$

9,841,668

(272,467) 2027 is 3.00% over 2026 projected/'26 projected is 5.37% under '26 budgeted
(49,965) 2027 is 3.00% over 2026 projected/'26 projected is 4.16% under '26 budgeted
(35,448) Interest is higher than budgeted for 2026 projected, lower for 2027
-

Expenditures
21,823 Raises/Benefits/Staffing Changes
46,627 Software Licensing
(320,932) Reduction for website-'26/DMP Inititiave/Supprt Groups/Photography/Ind Reltns
38,263 Adjusted to reflect actual sales tax rebates in 2026

54
Page 79 of 100

TOWN OF SNOWMASS
VILLAGE
Housing Fund

55
Page 80 of 100

Town of Snowmass Village
Housing Fund Budget Summary
Revenues over Expenditures
2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

BEGINNING CARRYOVER

$

3,053,593.77

$

3,427,150.95

$

3,427,150.95

$

3,712,470.95

OPERATING REVENUES

$

4,115,133.16

$

4,265,795.00

$

4,311,007.00

$

4,468,922.00

OPERATING EXPENDITURES

$

(2,298,530.93)

$

(2,492,032.00) $

(2,492,032.00)

$

(2,722,782.00)

DEBT SERVICE

$

NET REVENUE over EXPENDITURES

-

$

$

1,816,602.23

$

1,773,763.00

$

-

$

-

$

1,818,975.00

$

1,746,140.00
(266,209.00)

Capital Reserves Used

$

(27,430.05)

$

(211,983.00) $

(113,655.00)

$

Capital Repairs

$

(15,615.00)

$

(20,000.00) $

(20,000.00)

$

(20,000.00)

Transfer out-CIP

$

(1,400,000.00)

$

(1,400,000.00) $

(1,400,000.00)

$

(1,400,000.00)

YEAR END CARRYOVER

$

3,427,150.95

$

3,568,930.95

3,712,470.95

$

3,772,401.95

$

Appropriations/Reserves of the Year End Carryover
2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

Capital Reserve Fund
Capital Reserve Fund - PW Housing
Capital Reserve Fund - Country Club Townhomes
Capital Reserve Fund - Faraway
Emergency/Contingency Fund (16% of Revenues)
Funds Available

$
$
$
$
$
$

1,313,053.94
41,994.00
27,756.00
60,714.00
658,421.31
1,325,211.70

$
$
$
$
$
$

1,135,769.94
51,504.00
43,030.00
121,428.00
682,527.20
1,534,671.81

$
$
$
$
$
$

1,135,769.94
51,504.00
43,030.00
121,428.00
689,761.12
1,670,977.89

$
$
$
$
$
$

1,048,375.05
37,764.00
56,580.92
163,333.00
715,027.52
1,751,321.46

TOTAL-OTHER APPROPRIATIONS/RESERVES

$

3,427,150.95

$

3,568,930.95

$

3,712,470.95

$

3,772,401.95

56
Page 81 of 100

Housing Fund
Revenues and Expenditures 2027

57
Page 82 of 100

Housing Fund
Budget Comparisons-2026 Budget to 2027 Proposed
Revenues
2026 Budget

$

4,265,795

Rents

$

188,304 Increase in rents

Other Accounts

$

14,823

2027 Proposed Budget

$

4,468,922

2026 Budget

$

2,492,032

Personnel Services

$

117,752 Raises/benefits

Purchased Services

$

34,278 Utilities/ HOA

Operating & Maintenance

$

74,116 Insurance/Carpet

Other Accounts

$

4,604

2027 Proposed Budget

$

2,722,782

Expenditures

58
Page 83 of 100

TOWN OF SNOWMASS
VILLAGE
Carriageway Fund

59
Page 84 of 100

Town of Snowmass Village
Carriageway Fund Budget Summary
Revenues over Expenditures
2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

BEGINNING CARRYOVER

$

72,565.44

$

2,198,749.55

$

2,198,749.55

$

2,281,108.55

OPERATING REVENUES

$

232,897.03

$

217,180.00

$

297,150.00

$

302,964.00

OPERATING EXPENDITURES

$

(43,117.37)

$

(64,042.00) $

(64,042.00)

$

(53,619.00)

DEBT SERVICE

$

(150,450.55)

$

(150,749.00) $

(150,749.00)

$

(150,709.00)

$

39,329.11

$

2,389.00

82,359.00

$

98,636.00

NET REVENUE over EXPENDITURES

-

$

Capital Reserves Used

$

$

-

$

-

$

-

Transfer in-Excise Tax Fund

$

2,086,855.00

$

-

$

-

$

-

YEAR END CARRYOVER

$

2,198,749.55

$

2,201,138.55

$

2,281,108.55

$

2,379,744.55

Appropriations/Reserves of the Year End Carryover
2025

2026

2026

BUDGET

Actual

2027

PROJECTED

PROPOSED

Emergency/Contingency Fund

$

37,263.52

$

34,748.00

$

47,544.00

$

48,474.24

Capital Reserve Fund

$

61,789.00

$

126,911.00

$

126,911.00

$

192,033.00

Reserve for Lease Payments

$

1,936,404.45

$

1,785,655.45

$

1,785,655.45

$

1,634,946.45

Funds Available

$

163,292.58

$

253,824.10

$

320,998.10

$

504,290.86

TOTAL-OTHER APPROPRIATIONS/RESERVES

$

2,198,749.55

$

2,201,138.55

$

2,281,108.55

$

2,379,744.55

60
Page 85 of 100

Carriageway Fund
Revenues and Expenditures 2027

61
Page 86 of 100

Carriageway Fund
Budget Comparisons-2026 Budget to 2027 Proposed
Revenues
2026 Budget

$

217,180

Other Accounts

$

2027 Proposed Budget

$

302,964

2026 Budget

$

214,791

Operating Costs

$

2027 Proposed Budget

$

85,784 Rent increase/Interest Income

Expenditures
(10,463) Utilities

204,328

62
Page 87 of 100

TOWN OF SNOWMASS
VILLAGE
Snowmass Inn Fund

63
Page 88 of 100

Town of Snowmass Village
Snowmass Inn Fund Budget Summary
Revenues over Expenditures
2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

BEGINNING CARRYOVER

$

552,105.35

$

631,125.60

$

631,125.60

$

687,866.60

OPERATING REVENUES

$

603,877.36

$

628,190.00

$

625,972.00

$

646,400.00

OPERATING EXPENDITURES

$

(128,069.29)

$

(170,460.00) $

(170,460.00)

$

(166,750.00)

DEBT SERVICE

$

(396,787.82)

$

(396,105.00) $

(396,105.00)

$

(394,805.00)

$

79,020.25

$

61,625.00

$

59,407.00

$

84,845.00

NET REVENUE over EXPENDITURES
Capital Reserves Used

$

-

$

(2,666.00) $

(2,666.00)

$

-

Transfer in-Housing

$

-

$

-

-

$

-

YEAR END CARRYOVER

$

631,125.60

$

690,084.60

$
$

687,866.60

$

772,711.60

Appropriations/Reserves of the Year End Carryover
2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

Capital Reserve Fund

$

104,866.00

$

153,300.00

$

153,300.00

$

217,900.00

Emergency/Contingency Fund

$

96,620.38

$

100,510.40

$

100,155.52

$

103,424.00

Funds Available

$

429,639.22

$

436,274.20

$

434,411.08

$

451,387.60

TOTAL-OTHER APPROPRIATIONS/RESERVES

$

631,125.60

$

690,084.60

$

687,866.60

$

772,711.60

64
Page 89 of 100

Snowmass Inn Fund
Revenues and Expenditures 2027

65
Page 90 of 100

Snowmass Inn Fund
Budget Comparisons 2026 Budget to 2027 Proposed
Revenues
2026 Budget

$

628,190

Rents

$

16,216 Increase in rent

Other accounts

$

1,994

2027 Proposed Budget

$

646,400

$

566,565

Expenditures
2026 Budget

Purchased Svc/Operating Cost $

(2,377) Utilities/Ins/Supplies

Other Accounts

$

(2,633)

2027 Proposed Budget

$

561,555
66
Page 91 of 100

TOWN OF SNOWMASS
VILLAGE
Capital Equipment Reserve Fund

67
Page 92 of 100

Town of Snowmass Village
Capital Equipment Reserve Fund
Revenues over Expenditures
2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

BEGINNING CARRYOVER

$

7,285,696.07

$

8,074,350.90

$

8,074,350.90

$

8,144,513.90

OPERATING REVENUES

$

1,557,118.00

$

2,593,640.00

$

1,790,000.00

$

2,924,640.00

OPERATING EXPENDITURES

$

(768,463.17)

$

(4,272,880.00) $

(1,719,837.00)

$

(5,242,613.00)

$

788,654.83

$

(1,679,240.00) $

70,163.00

$

(2,317,973.00)

$

8,074,350.90

$

6,395,110.90

8,144,513.90

$

5,826,540.90

NET REVENUE over EXPENDITURES

YEAR END CARRYOVER

$

Appropriations/Reserves of the Year End Carryover
2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

General Fund Reserve

$898,060.89

$570,667.89

Rett Fund Reserve-Parks and Trails

$93,029.57

$133,029.57

$93,875.57

$29,009.57

Rett Fund Reserve-Pool and Rec

$39,847.78

($35,152.22)

$64,847.78

($10,152.22)

Rett Fund Reserve-Transportation

$4,755,453.17

$4,091,649.17

$5,324,213.17

$3,831,289.17

$1,279.44

$1,279.44

$1,279.44

$1,279.44

Tourism Reserve

$734,427.89

$916,901.89

Road Fund Reserve

$2,286,680.05

$1,633,637.05

$1,925,870.05

$1,058,213.05

TOTAL-OTHER APPROPRIATIONS/RESERVES

$8,074,350.90

$6,395,110.90

$8,144,513.90

$5,826,540.90

68
Page 93 of 100

Capital Equipment
Replacement Fund
Budget Summary

2025
Actual

2026
Budget

2027
Budget

2026
Projected

REVENUES
Transfers In-General Fund
Transfers In-RETT Fund-Parks & Trails
Transfers In-RETT Fund-Pool & Recreation
Transfers In-RETT Fund-Transportation
Transfers In-Road Fund
Transfers In-Marketing Fund
Transfers In-Group Sales Fund
Other financing sources
Grants

$
$
$
$
$
$
$
$
$

380,000 $
40,000 $
25,000 $
705,000 $
400,000 $
$
$
7,118 $
$

380,000
40,000
25,000
705,000
400,000
1,043,640

$
$
$
$
$
$
$
$
$

380,000
40,000
25,000
705,000
400,000
240,000

$
$
$
$
$
$
$
$
$

380,000
40,000
25,000
1,200,000
400,000
879,640

Total Revenues

$ 1,557,118.00 $

2,593,640

$

1,790,000

$

2,924,640

Capital Equipment/Vehicle Purchases
General Administration
Community Development
Public Safety
Transportation
Parks & Trails
Pool and Recreation
Facility Management
Road
Solid Waste
Shop
P.W. Administration-General Fund portion-70%
P.W. Administration-Road Fund portion-30%
Marketing/Special Events

$
$
$
$
$
$
$
$
$
$
$
$
$

352,519.82
7,724.99
121,706.08
63,272.52
106,588.22
57,017.12
59,634.42
-

$
$
$
$
$
$
$
$
$
$
$
$
$

60,085
266,746
2,412,444
100,000
1,053,043
351,431
29,131
-

$
$
$
$
$
$
$
$
$
$
$
$
$

38,190
266,746
376,240
39,154
760,810
238,697
-

$
$
$
$
$
$
$
$
$
$
$
$
$

91,133
3,572,564
104,866
100,000
1,267,657
60,392
46,001
-

Total Expenditures

$

768,463.17 $

4,272,880

$

1,719,837

$

5,242,613

NET REV/EXP -

$

788,654.83

(1,679,240) $

70,163 $

(2,317,973)

Beginning Carryover

$ 7,285,696.00 $

8,074,351

$

8,074,351

$

8,144,514

Revenues
Expenditures

$ 1,557,118.00 $
$ 768,463.17 $

2,593,640
4,272,880

$
$

1,790,000
1,719,837

$
$

2,924,640
5,242,613

Ending Balance

$ 8,074,350.83 $

6,395,111

$

8,144,514

$

5,826,541

EXPENDITURES

$

69
Page 94 of 100

TOWN OF SNOWMASS
VILLAGE
Capital Improvements Projects Fund

70
Page 95 of 100

Town of Snowmass Village
Capital Improvement Projects Fund
Revenues over Expenditures
2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

BEGINNING CARRYOVER

$

17,324,507.42

$

27,560,419.31

$

27,560,419.31

$

17,490,092.31

OPERATING REVENUES

$

35,181,891.98

$

115,783,475.00

$

26,433,475.00

$

94,488,058.00

OPERATING EXPENDITURES

$

(24,945,980.09)

$

(131,840,887.00) $

(36,503,802.00)

$

(100,788,192.00)

$

10,235,911.89

$

(16,057,412.00) $

(10,070,327.00)

$

(6,300,134.00)

$

27,560,419.31

$

11,503,007.31

17,490,092.31

$

11,189,958.31

NET REVENUE over EXPENDITURES

YEAR END CARRYOVER

$

Appropriations/Reserves of the Year End Carryover
2025

2026

2026

2027

Actual

BUDGET

PROJECTED

PROPOSED

General Fund

$11,371,842.00

$0.00

$6,002,711.00

$171,000.00

RETT Fund

$2,913,445.00

$0.00

$1,857,922.00

$600,000.00

Road Fund

$501,332.00

$0.00

$0.00

$0.00

Excise Fund

$265,385.00

$50,000.00

$50,000.00

$50,000.00

Housing Fund

$1,400,988.00

$743,000.00

$743,000.00

$1,868,000.00

Housing-Tourism transfer

$2,933,606.09

$3,510,490.00

$2,210,490.00

$2,335,490.00
$2,200,000.00

Housing-S'mass Ctr Road

$2,200,000.00

$2,200,000.00

$2,200,000.00

Draw Site

($418,359.00)

$0.00

($2,918,359.00)

EOTC-Mall Transit

$136,248.00

$0.00

$7,644.00

$0.00

Tourism - Other

$556,414.00

$0.00

$556,414.00

$226,426.00

Tourism Fund
Sub-total
Funds Available

TOTAL-OTHER APPROPRIATIONS/RESERVES

$

$3,236,200.00

$3,536,200.00

$3,636,200.00

$0.00

$25,097,101.09

$10,039,690.00

$14,346,022.00

$7,450,916.00

2,463,318.22
$27,560,419.31

$

2,463,317.22
$12,503,007.22

$

3,144,070.31
$17,490,092.31

$

3,739,042.31
$11,189,958.31

71
Page 96 of 100

Capital Improvement Program Fund
Budget Summary
2025
Actual

REVENUES

2026
Budget

$

Transfers In-General Fund
Transfers In-General Fund-Mall Transit
Transfers In-General Fund-Holy Cross Enhancement
Transfers In-RETT Fund
Transfers In-RETT Fund-Mall Transit Plaza
Transfers In-Road Fund
Transfers In-Excise Tax Fund
Transfers In-Tourism-Other
Transfers In-Tourism-Housing -AMOUNTS TO BE DETERMINED
Transfers In-Group Sales Fund
Transfers In-REOP Fund
Transfers In-Housing Fund
Transfers In-Mountain View Fund
Contributions-Private Donation-Paved Trails
CORE
EOTC
Miscellaneous
RFTA Contributions
Contribution-Holy Cross-FIBER Projct
Contribution-Rodeo
Contribution-Draw Site Partners
Grant - DOLA-Fiber Project-Phase 2
Grant - DOLA-Snowmass Center Land Project
Grant - NDME Wildfire
Grant - Little Red Schoolhouse
Grant - Colorado Parks & Wildlife
Grant - Federal
Grant - MMOF-Grant #1
Grant-State-Mall Transit
Grant - FTA/FASTER Grant
Grant - MMOF-Grant #2
Grants-Colorado Energy Office
Grants-DOLA-Fiber Project-Phase 1
Other Financing Sources-Snowmass W & S/Financing

$

11,739,170.00

$
$

$
1,455,000.00 $

$
10,457,475 $

$
10,457,475 $

$
$
$
$
$
$
$
$
$

859,000.00
800,000.00
900,000.00
4,200,000.00
1,400,000.00
-

1,300,000
475,000
5,700,000
1,400,000
50,000
6,000,000
710,000
526,000

1,300,000
475,000
5,400,000
1,400,000
50,000
710,000
26,000

44,000.00
$
12,900,000.00 $

$
79,000,000 $

-

Total Revenues

$ 35,181,891.98 $

115,783,475 $

$
$
$

$
$
$
$
$
$
$
$
$
$
500,000.00 $
22,662.30 $
320,059.68 $

$
$
$
$
$
$
$

42,000.00
-

$
$
$
$

-

5,583,000

2027
Proposed
Budget

2026
Projected
$

$
$
$
$
$
$
$
$
$
$
$
$
$

5,583,000

$

1,659,258

$

$
940,000 $

$
$
$
$
$
$
$
$
$

1,300,000
1,363,800
2,275,000
1,400,000
-

$

6,000,000 $

$

500,000

$
$
$
$
$
$
$
$
$

2029
Proposed
Budget

1,190,000

$

2030
Proposed
Budget

710,000

$

2031
Proposed
Budget

995,000

$

310,000

$
2,035,000 $

$
1,435,000 $

$
2,925,000 $

1,025,000

1,300,000
1,200,000
1,400,000
-

1,300,000
1,275,000
1,400,000
-

1,300,000
1,300,000
1,400,000
-

1,100,000
1,425,000
1,400,000
-

-

$
$
$
$
$
$
$
$
$
$

-

$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$

$

-

$

-

$
$

3,500,000 $
$

3,500,000
$

-

$

-

$
$

-

$
$

-

$
$

-

$
$

-

$
$

$
79,000,000 $

-

$
$

-

$
$

-

$
$

-

26,433,475 $

94,488,058 $

10,625,000 $

$
$
$
$

3,500,000 $
$
50,000 $
850,000 $

$
$
850,000

$
$
$

50,000 $
$
$

50,000 $
$
$

$

132,000

132,000

$

2028
Proposed
Budget

50,000

-

9,620,000 $

7,920,000 $

5,260,000

72
Page 97 of 100

Capital Improvement Program Fund
Budget Summary Cont’d
EXPENDITURES

FACILITIES
Gen'l Gov't-Little Red Schoolhouse Expansion
Gen'l Gov't-Krabloonik Repairs
Gen'l Gov't -Town Hall Remodel - Security Upgrades
Transp/Fleet-Bus Facility Feasibility Study
Transp/Fleet-Computer aided dispatch/automated vehicle locator
Transp/Fleet-Zero Emission facility improvements
Transp/Fleet-Bus Stop Improvement Project
Transp/Fleet-Mall - RFTA Depot
Transp/Fleet-Electric Vehicle Stations
Transp/Fleet-New WeCycle Stations
Public Works - Facility Remodel
Public Works - PW Training/Lunch Room Expansion
Public Works - Cold Storage
Public Works - Buildings AB Roof
Cultural and Rec-Concession Stand Upgrade
Cultural and Rec-Water Slide - Pool Features
Cultural and Rec-Rec Center Expansion
Cultural and Rec-Library Expansion
Cultural and Rec-Rec Center Locker Room Expansion
Sub-total - Facilities
LAND & LAND IMPROVEMENTS
Parks and Trails - Lot 12 Back Flow Relocation
Parks and Trails - Tennis Court/BB Court Resurfacing
Parks and Trails - Hard Surface Trail Improvements
Parks and Trails - Brush Crk Trail-Bridge Replacements
Parks and Trails - Soft Surface Trail Improvements
Parks and Trails -Town Park ---- Phase 1, 2, 3 & 4 in Mntn Facility
Parks and Trails -Town Park - Gazebo
Parks and Trails - Brush and 82 Landscaping Improvements
Parks and Trails- Bike Skills Trail
Parks and Trails- Playground Restoration
Parks and Trails- Repair Retaining Wall/Railing at C. Robinson Prk
Parks and Trails- Community Garden Expansion
Sub-total - Land & Land Imprvm

2026
Budget

2025
Actual
$
$

309,430.01
567.12

2026
Projected
$

$

$
$
325,000 $

90,000
200,000
25,000

277,695 $
9,340,566 $
12,037 $
73,050 $

$
250,000 $
$
61,000 $

352,695 $
6,507,644
50,000
65,000

$
$

8,480,314
209,928

$
$

$

350,000

$
$

-

$
$
$
$

$
75,276.46 $
86,739.10 $
429,679.50 $

$

-

$

-

4,980,314
209,928

$
$

550,000
500,000

$
$

275,000
500,000

$
$

$

178,917.02

$

137,182 $

60,000

$
$

$
$
1,080,609.21 $

100,000 $
35,000 $
20,065,772 $

$
$
6,661,242 $

$
$
$
$
$

74,000.00 $
1,103,953.75 $
2,798.50 $
$
133,321.73 $
$

51,000 $
1,647,937 $
362,201 $
150,000 $
573,880 $
100,000 $

$
$
$
$
$

1,314,073.98

$
1,647,937 $
362,201 $
25,000 $
573,880 $
100,000
$

90,000
25,000
3,000,018

$
$
25,000
2,734,018 $

$
$
$
$

2028
Proposed
Budget

2027
Proposed
Budget
3,500,000

$
$
$
$

$

2029
Proposed
Budget

2030
Proposed
Budget

FUTURE

200,000

-

$

$
150,000 $

275,000
500,000

$
100,000
150,000
11,815,339 $

2031
Proposed
Budget

$

2,300,000
-

$

150,000

1,000,000 $

-

$

-

300,000

500,000 $

150,000 $

3,300,000 $

150,000

1,000,000 $

-

-

$

1,000,000

25,000 $
300,000 $

25,000 $
$

25,000 $
$

25,000
-

-

$

100,000

$

500,000

$

185,000

$

3,000,000

$
100,000
$ 3,885,000

60,000
$
65,000
125,000 $
100,000 $
50,000

$

400,000

$

750,000 $
$

-

$
$

350,000 $
$

-

$
$

1,150,000 $

1,325,000 $

775,000 $

25,000 $

1,025,000

$
$

1,500,000
1,800,000

$

1,100,000

$

100,000

$

150,000

$ 4,650,000

73
Page 98 of 100

Capital Improvement Program Fund
Budget Summary Cont’d
2025
Actual
ROADS AND STREETS
Streetscape - Median Improvements
Streetscape - Guardrail Replacement Program
Streetscape - Retaining Wall Replacement Program
Streetscape - Concrete replacement
Street Improvements - Bridge Program
Street Improvements - Brush Creek/Owl Creek Rd Round-about
Street Improvements - Brush Creek/Owl Creek Rd Rnd-about-S'mass W & S
Street Improvements - Paving Projects
Multi-Modal/Alt Mobility - Bru Crk Rd Crossing Imp
Multi-Modal/Alt Mobility - Woodbridge Maintenance/Upgrades
Multi-Modal/Alt Mobility - Connecting Village Nodes
Multi-Modal/Alt Mobility - LRSH to Gamble Way
Multi-Modal/Alt Mobility -Bru Crk Rd from Upper Kearns to Mtn View
Multi-Modal/Alt Mobility - Walkway-MV to SV Mall
Multi-Modal/Alt Mobility - Walkway-Faraway Rd to Upper Kearns
Sub-total - Road & Streets
UTILITIES
Snowmelt - Lower Carriageway Snowmelt Vault
Snowmelt - Replace Aged Glycol-Snowmelt System
Snowmelt - Road Sealing
Sub-total - Utilities
STRATEGIC PLANNING
Planning & Consult - Community Plan
Sub-total - Strategic Planning
Special Events
STORM WATER & DRAINAGE
Storm Water & Drainage - Brush Creek/Kearns Road Culvert
Storm Water & Drainage - Vidal Gulch Project
Storm Water & Drainage-Woodbridge Road Culvert Replacement
Storm Water and Drainage - Stormwater Management Plan
Sub-total - Storm Water & Drainage
COMMUNICATION AND TECHNOLOGY
Comm & Tech - Parking Lot Licensing System
Comm & Tech - Fiber Project
Comm & Tech - Fiber Project-Phase 2
Comm & Tech - Fiber Project-Phase 3-Last Mile
Comm & Tech - Community Micro Grid
Sub-total - Communications & Technology

$

2026
Budget

-

$

$
$
31,080.00 $

$
$

28,257.25
175,821.50

$

357,667.28

$
$

2026
Projected

2028
Proposed
Budget

2030
Proposed
Budget

2031
Proposed
Budget

FUTURE

321,742 $
8,619,728 $
710,000 $
2,639,946 $

27,610.00 $
425,797.76 $

12,993
254,470

165,000

$
$
$
$

$
406,345.82 $
$
1,452,579.61 $

$
128,604 $
$
13,483,630 $

$
12,856,213 $

$
1,929,470 $

$
2,500,000 $

60,000 $
2,470,000 $

600,000
2,695,000 $

$
$
$

492,033.38 $
33,848.29 $
$
525,881.67 $

19,342 $
16,151 $
300,000 $
335,493 $

19,342
300,000 $
319,342 $

300,000 $
300,000 $

300,000 $
300,000 $

-

$

-

$

-

$

-

$

-

-

-

-

$

-

$

-

$

-

$

-

$

-

$
$
$
$

12,013.25 $
$
2,810,915.23 $
692.00 $

78,211 $
69,138 $
114,084 $
6,497 $

30,000
$
5,000
6,497

$

350,000

$

2,823,620.48 $

267,930 $

41,497 $

69,138 $

-

$

-

$

-

$

-

$

350,000

$
$
$

4,116.85 $
$
9,619.99 $
$

95,883 $
59,856 $
77,760 $
500,000 $

25,000
200,000

237,616

$

13,736.84 $

733,499 $

225,000 $

-

$

-

$

-

$

-

$
$

2,400,000
2,400,000

$

$
$

$

$
$

$

$

60,000 $
$
50,000
$
-

2029
Proposed
Budget

11,539 $
30,000 $
600,000 $
$
80,000 $
8,619,728 $
710,000
2,639,946 $

$
$
$
$

11,539 $
30,000 $
754,608 $

2027
Proposed
Budget

60,000 $
630,000 $
$
100,000 $

1,300,000

$
$

1,300,000
350,000

239,470
280,000

$
$
$

60,000

$
$

60,000 $
$
50,000
$

1,300,000
-

$
$

60,000 $
635,000 $
$
100,000 $

1,300,000
-

$
$

60,000
50,000
-

1,100,000
$ 12,000,000

$

1,000,000

1,210,000

$ 12,000,000

69,138

237,616 $

74
Page 99 of 100

Capital Improvement Program Fund
Budget Summary Cont’d
2025
Actual
HOUSING
Housing Projects - Brush Creek & Palisades Bldg Renovations
Housing Projects - Mobile Home Park Contribution
Housing Projects - Housing Land Opportunities
Housing Projects - Faraway Apartments
Housing Projects - MVI-Design and Renovation
Housing Projects - Carriageway Housing
Housing Projects - Comprehensive Needs Assessment
Housing Projects - Draw Site Housing-Planning/Design
Housing Projects - Draw Site Housing - Construction
Housing Projects - Snowmass Center property acquisition
Housing Projects - Snowmass Center Land project
Housing Projects - Snowmass Inn-Exterior
Housing Projects - Mtn View I-Interior Renovations
Housing Projects - Mtn View II-Interior Renovations
Housing Projects - Mtn View I-Exterior Renovations-Stairs, Rails, etc
Housing Projects - Villas North-Exterior Renovations
Housing Projects - Willows C-7
Housing Projects - Cavern Springs Mobile Home Park
Housing Projects - CCTH #19
Housing Projects - WMRHC Buy-Down Program contribution
Sub-total - Housing

2026
Budget

$
$

1,250,000.00
-

$
$
$
$
$
$
$
$

29,376.01
99,081.18
282,330.00
418,359.88
12,475,318.00
699,335.22

$

-

50,000

$

50,000

$
$
$

988
352,557
57,000

$
$
$

988
352,557
57,000

$

82,081,641

$

$
$

50,000
1,023,116

$
$

$

-

$

$
$

25,000
300,000

$
$

2,500,000
1,023,116
-

2029
Proposed
Budget

2030
Proposed
Budget

2031
Proposed
Budget

FUTURE

$

25,000

$

25,000

$

25,000

$

25,000

500,000
-

$

-

$

-

$

-

$

-

$

-

$

76,081,641

$

3,500,000

$

3,500,000

$

-

$

-

$

-

$

100,000
$
$
$

200,000
-

$
$
$

1,800,000
-

$

200,000

$

$
$

750,000
-

$

-

$

$

4,000,000

$
$

1,000,000
5,750,000

$

600,000

$
$

1,300,000

2,800,000
-

$

5,987,829

$

1,000,000

$

1,000,000

$

$
$

250,000
90,853,131

$
$

250,000
11,221,490

$
$

250,000
78,556,641

$
$

250,000
3,975,000

$
$

250,000
5,575,000

$
$

250,000
475,000

$
$

250,000
3,075,000

20,000.00
15,039.78
236,082.00
13,573.25
-

$
$
$
$
$
$
$
$

200,000
1,190,000
980,000
167,248
75,000
162,740
226,426
100,000

$
$
$
$
$
$
$
$

200,000
1,190,000
980,000
75,000
-

$
$
$
$
$

1,000,000
400,000
167,248
162,740

$
$

200,000

$
$

200,000

$
$

200,000

$
$

200,000

$

-

$

-

$

-

$

-

$

5,000,000

$
$

226,426
-

$

-

$

-

$

-

$

284,695.03

$

3,101,414

$

2,445,000

$

6,729,988

$

426,426

$

200,000

$

200,000

$

200,000

$

600,000

$
$
$

189,886.90
116,100.00
94,013.10

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

400,000.00

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Total Expenditures

$

24,945,980.09

$ 131,840,887.00

NET REV/EXP -

$

10,235,911.89

$

Beginning Carryover

$

17,324,507.42

$

27,560,419.31

$

27,560,419.31

$

17,490,092.31

Revenues
Expenditures

$
$

35,181,891.98
24,945,980.09

$ 115,783,475.00
$ 131,840,887.00

$
$

26,433,475.00
36,503,802.00

Ending Balance

$

27,560,419.31

$

$

17,490,092.31

Sub-total - Financing Expenditures

$
$
$
$
$
$
$
$

$

2028
Proposed
Budget

5,987,829

Sub-total - Other CIP
FINANCING EXPENDITURES
Costs of Issuance
Underwriters Discount
Other Financing Uses

212,171.21
777,791.40
557,020.37
250,000.00
17,050,783.27

2027
Proposed
Budget

$

OTHER CIP
Solid Waste - Solid Waste Management Plan
Solid Waste - Town Hall Trash/Recycle Dumpster Shed
Other - Supplemental Project Costs
Other - Wildfire Projects
Snowmass Tourism - Discovery, next phase
Snowmass Tourism - Fanny Hill Improvements
Snowmass Tourism - Fanny Hill Stage/Sound System
Snowmass Tourism - Large Mastodon
Snowmass Tourism - Product Enhancements/Skittles Replacement

$
$
$
$
$
$

2026
Projected

$

(16,057,412) $

11,503,007

36,503,802.00

-

$ 100,788,192.00

$

-

$

9,026,426.00

$

9,170,000.00

$

6,695,000.00

$

5,660,000.00

(6,300,134) $

1,598,574

$

450,000

$

1,225,000

$

(400,000)

$

11,189,958.31

$

12,788,532.31

$

13,238,532.31

$

14,463,532.31

$ 94,488,058.00
$ 100,788,192.00

$
$

10,625,000.00
9,026,426.00

$
$

9,620,000.00
9,170,000.00

$
$

7,920,000.00
6,695,000.00

$
$

5,260,000.00
5,660,000.00

$

$

12,788,532

$

13,238,532

$

14,463,532

$

14,063,532

(10,070,327) $

11,189,958

$ 29,635,000

75
Page 100 of 100