Castle Pines Metropolitan District
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      • Free Irrigation Efficiency Analysis Signup
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    • Water Survey Results
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      • How Much Water Should I Use?
    • BSI Backflow Testing Required
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Contact us
Castle Pines Metropolitan District
  • Water
    • Free Irrigation Analysis Signup
    • Irrigation Efficiency Path
      • Free Irrigation Efficiency Analysis Signup
      • Get Your Irrigation Efficiency Report
      • Schedule Irrigation Repairs
      • Submit Rebate
      • Irrigation Efficiency Analysis FAQ
    • Water Survey Results
    • Water Master Plan
    • Rates
    • Wastewater
    • Stormwater
    • Landscape Education
      • Irrigation Schedule
      • Water Efficiency Tips
      • Water-wise Landscaping
      • Native Grasses
      • Turf Alternatives
      • How Much Water Should I Use?
    • BSI Backflow Testing Required
  • Roads
    • 2022 Roads Project Plans
    • Snow Removal
    • Rights-of-Way
    • Driving Tips
    • Roads FAQ
  • Budget
    • Annual Budgets
    • Financial Statements
  • Meetings-Events
    • Community Meetings & Events
    • Board Meetings
    • Calendar
  • Resources
    • About CPMD
    • View / Pay Bill
    • Construction Application
    • Board Information
      • Board of Directors & Staff
      • Transparency
      • Financial Information / Budget
      • Board Agendas
      • Board Meeting Minutes
    • Elections
    • Employment Opportunities
    • Metro District Map
    • Archive Information
      • CPMD Service Plan
  • FAQ
  • News
    • Sign Up to Receive News
Contact us
  • Water
    • Free Irrigation Analysis Signup
    • Irrigation Efficiency Path
      • Free Irrigation Efficiency Analysis Signup
      • Get Your Irrigation Efficiency Report
      • Schedule Irrigation Repairs
      • Submit Rebate
      • Irrigation Efficiency Analysis FAQ
    • Water Survey Results
    • Water Master Plan
    • Rates
    • Wastewater
    • Stormwater
    • Landscape Education
      • Irrigation Schedule
      • Water Efficiency Tips
      • Water-wise Landscaping
      • Native Grasses
      • Turf Alternatives
      • How Much Water Should I Use?
    • BSI Backflow Testing Required
  • Roads
    • 2022 Roads Project Plans
    • Snow Removal
    • Rights-of-Way
    • Driving Tips
    • Roads FAQ
  • Budget
    • Annual Budgets
    • Financial Statements
  • Meetings-Events
    • Community Meetings & Events
    • Board Meetings
    • Calendar
  • Resources
    • About CPMD
    • View / Pay Bill
    • Construction Application
    • Board Information
      • Board of Directors & Staff
      • Transparency
      • Financial Information / Budget
      • Board Agendas
      • Board Meeting Minutes
    • Elections
    • Employment Opportunities
    • Metro District Map
    • Archive Information
      • CPMD Service Plan
  • FAQ
  • News
    • Sign Up to Receive News
  • Water
    • Free Irrigation Analysis Signup
    • Irrigation Efficiency Path
      • Free Irrigation Efficiency Analysis Signup
      • Get Your Irrigation Efficiency Report
      • Schedule Irrigation Repairs
      • Submit Rebate
      • Irrigation Efficiency Analysis FAQ
    • Water Survey Results
    • Water Master Plan
    • Rates
    • Wastewater
    • Stormwater
    • Landscape Education
      • Irrigation Schedule
      • Water Efficiency Tips
      • Water-wise Landscaping
      • Native Grasses
      • Turf Alternatives
      • How Much Water Should I Use?
    • BSI Backflow Testing Required
  • Roads
    • 2022 Roads Project Plans
    • Snow Removal
    • Rights-of-Way
    • Driving Tips
    • Roads FAQ
  • Budget
    • Annual Budgets
    • Financial Statements
  • Meetings-Events
    • Community Meetings & Events
    • Board Meetings
    • Calendar
  • Resources
    • About CPMD
    • View / Pay Bill
    • Construction Application
    • Board Information
      • Board of Directors & Staff
      • Transparency
      • Financial Information / Budget
      • Board Agendas
      • Board Meeting Minutes
    • Elections
    • Employment Opportunities
    • Metro District Map
    • Archive Information
      • CPMD Service Plan
  • FAQ
  • News
    • Sign Up to Receive News

Financial Information / Budget

Home Resources Board Information Financial Information / Budget

Castle Pines Metropolitan District 2023 Budget

The District approved the budget for the fiscal year 2023 on December 2, 2022. The District is required to approve a balanced budget. The budget for 2023 anticipates $15,881,838 in revenues and $19,140,028 in expenditures.

The District has two operating funds: The General Fund pays for general overhead (personnel, office expenses, public works, landscape, street and storm drainage maintenance expenses, and snow removal). The supporting revenues are derived from property taxes. The General Fund represents about 45% of the total budget. The Enterprise Fund pays the expenses related to providing water treatment and distribution and sanitary sewer collection services to The Village at Castle Pines. The supporting revenues for the Enterprise Fund are derived from the user fees charged to property owners each month (water and sewer bills). The Enterprise Fund represents about 55% of the total budget.

The District’s total mill levy remains at 33.834 mills for property taxes – the same rate since 2001. Property taxes are assessed, collected, and distributed by the Douglas County Assessor.

2023 Budget:

General Fund Key Highlights

  • Revenue from property taxes is essentially flat.
  • Investment income is projected to double in 2023 (from $220,000 to $450,000).
  • Committing $3.3M to road repair, maintenance, and safety improvements in 2023.
  • Committing $2.4M to Resident Irrigation Efficiency Analysis and Rebate program in 2023.
  • The ending fund balance is projected to decline from $15.9M in 2022 to $13.3M in 2023. This decrease is entirely due to one-time funding of the Resident Irrigation Rebate Program and flat revenues.

Enterprise Fund Key Highlights

  • Forecast 30 million gallons (MG) reduction in water consumption (full-year effect from all the irrigation upgrades in 2022).
  • Completed Irrigation Efficiency Analyses on approximately 1,084 homes in the Village (over 60% of all residences) in 2022. Anticipate processing the remaining “lion’s share” of the irrigation analysis and rebate submissions in 2023.
  • Projected revenues exceed operating expenditures:
    • Meet debt service coverage ratios.
    • Depreciation Funding ($1.1M in 2023).
    • Capital Replacement Reserve ($1.5M in 2023).
  • Capital project investment of $9.0M (majority is funded by bond proceeds).
  • Investment returns exceed interest expense.

If you would like a hard copy of the 2023 Budget, please contact Sue Mantz at 303-688-8330. The 2023 Budget is also an attachment listed below.

2023 CPMD Budget

Taxes

The Board certified a property tax mill levy of 33.834 mills (same since 2001). This means that 3.3834% of a property owner’s taxes will be paid to the Metro District to support its operations.
Here’s how it works: actual value x 6.95% = assessed value. Assessed value x 33.834 mills = property tax dollars paid to the District – or – $800,000 actual value x 6.95% = $55,600 assessed value x 33.834 mills = $1,881 tax dollars to the District.

You can access the link below to the Douglas County Assessor’s website, type in your last name or house number, and find the tax information specific to your property.

http://www.douglas.co.us/assessor/

Any questions? Contact Us.

Attachments:
2022 CPMD Budget
2021 CPMD Budget
2021 CPMD Audited Financial Statement
Resources / Board Information
  • Water
    • Free Irrigation Analysis Signup
    • Irrigation Efficiency Path
      • Free Irrigation Efficiency Analysis Signup
      • Get Your Irrigation Efficiency Report
      • Schedule Irrigation Repairs
      • Submit Rebate
      • Irrigation Efficiency Analysis FAQ
    • Water Survey Results
    • Water Master Plan
    • Rates
    • Wastewater
    • Stormwater
    • Landscape Education
      • Irrigation Schedule
      • Water Efficiency Tips
      • Water-wise Landscaping
      • Native Grasses
      • Turf Alternatives
      • How Much Water Should I Use?
    • BSI Backflow Testing Required
  • Roads
    • 2022 Roads Project Plans
    • Snow Removal
    • Rights-of-Way
    • Driving Tips
    • Roads FAQ
  • Budget
    • Annual Budgets
    • Financial Statements
  • Meetings-Events
    • Community Meetings & Events
    • Board Meetings
    • Calendar
  • Resources
    • About CPMD
    • View / Pay Bill
    • Construction Application
    • Board Information
      • Board of Directors & Staff
      • Transparency
      • Financial Information / Budget
      • Board Agendas
      • Board Meeting Minutes
    • Elections
    • Employment Opportunities
    • Metro District Map
    • Archive Information
      • CPMD Service Plan
  • FAQ
  • News
    • Sign Up to Receive News
Archives
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CASTLE PINES METROPOLITAN DISTRICT

5880 Country Club Drive
Castle Rock, CO 80108

303.688.8330

 Mon - Fri   8:00 am - 4:30 pm

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HELPFUL LINKS
Homeowners Association
Douglas County Government
Complimentary Metro Water Analysis

Whether you use a large amount or a minimal amount of water each month during irrigation season, a complimentary water analysis could help you conserve and/or find problems with your current watering. Please call the District at 303.688.8330 or click https://bit.ly/cpmdwater to schedule your free evaluation.

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