Finance

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  • Phone: 970-328-3510
    Fax: 970-328-3519

    Finance
    P.O. Box 850
    500 Broadway
    Eagle, Colorado 81631 

    finance@eaglecounty.us 



Commissioners to review 2018 budget on Dec. 5

Contact: Jill Klosterman, Finance Director, 970-328-3511, jill.klosterman@eaglecounty.us 

Dec. 1, 2017 – The Eagle County Board of Commissioners will review the county’s proposed 2018 budget beginning at approximately 10:30 a.m. Dec. 5. The meeting will take place in the Eagle County Room, located at 500 Broadway in Eagle. All interested community members are encouraged to attend.

Tuesday’s presentation will also be aired live on Eagle County Government Television and channel 18 on the Eagle Valley’s two cable systems, as well as streamed live and archived for later viewing online at www.ecgtv.com

As proposed, expenditures across all funds are budgeted at $120 million, down from $158 million in 2017. The reduction is primarily due to large capital projects funded in 2017 at the Eagle County Regional Airport, and the acquisition of the Hardscrabble Ranch by the Open Space Fund. 

General Fund operating expenditures will be approximately $41.6 million in 2018, representing a 14.4 percent decrease from 2017 expenses. The reduction is primarily due to a loan made from the General Fund to the Open Space Fund for the Hardscrabble Ranch acquisition and the construction of a new roundabout in El Jebel. 

In addition, the Board of Commissioners has set a minimum General Fund reserve target of $13.1 million. The General Fund reserve balance is expected to be approximately $23.3 million at the end of 2017. 

The 2018 budget was developed in support of the county’s strategic plan, including the following goals and areas of focus:

Strategic Plan Goals

  • Eagle County is Financially Sound
  • Eagle County Protects the Natural Environment
  • Eagle County Promotes a Diverse and Resilient Economy
  • Eagle County is a High-Performing Organization
  • Eagle County is a Great Place to Live for All

Areas of Focus

  • Affordable Health Care
  • Early Childhood Development
  • Affordable Quality Workforce Housing
  • Transportation
  • Mental Health and Detox Facility
  • Climate Action Plan
  • Internal Communication

Highlights of the 2018 expenditure plan include:

  • A $1.2 million reduction in healthcare costs for the county, due to new partnerships for administration of the county’s self-insured employee health plan. This reduction breaks a trend of a 33 percent increase in employee premium costs over the past 6 years. 
  • Investments in early childhood development, including $180,000 in each of the Eagle River and Roaring Fork valleys.
  • $250,000 to revise the county’s land use regulations. Refining the regulations and streamlining processes will help to create a more effective and efficient development review process.
  • A $1 million contribution to complete the Eagle to Horn Ranch segment of the Eagle Valley Trail.
  • Programs and investments to implement the Climate Action Plan in partnership with the community. 
  • The reopening of the Sheriff’s Office 40-bed direct supervision pod.  Expenditures related to this effort include salaries and benefits for four new detention deputies to staff the pod.
  • Continued investment toward the expansion of commercial air service at the Eagle County Regional Airport through $120,000 in flight guarantees.
  • A Capital Improvement Project Fund expenditure for a $2 million building at the county’s Maintenance Service Center, which will consolidate the majority of the Facilities Department staff and operations. In connection with the new building, CIP will fund the removal of underground storage tanks on a county-owned property in Eagle, opening that site up for the potential future development of workforce housing.
  • A 3 percent performance-based merit pool for employees.

Tuesday’s budget presentation will also include the Eagle County Air Terminal and Eagle County Housing and Development Authority budgets. Golden Eagle Elderly Housing Corporation’s 2018 budget was previously approved by its separate board.

Final adoption of the budget and the county’s mill levy is scheduled for Dec. 12, with certification of mill levies for all taxing entities set for Dec. 21. For more information, contact Eagle County Finance Director Jill Klosterman at 970-328-3511.