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Home My WebLink AboutPRESENTATION Town Board Budget Study Session #2 2025-10-032026 Proposed Budget Housing & Childcare Workforce Housing Linkage Impact Fee – 505 Workforce Housing & Childcare Lodging Tax Fund - 270 Total Budget 505 - $810,000 270 - $5,499,999 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Administer funds to support workforce/attainable housing and childcare programs in the Estes Valley Develop and implement programs, processes and systems Administer and account for funding allocations Technical research and writing Work with partner organizations, property owners, occupants, families, childcare providers, lenders, and other stakeholders to ensure compliance with applicable federal, state, and local regulations and restrictions $724,870 $720,000 $810,000 $40,471 $32,000 2024 Actual 2025 Revised 2026 Proposed Workforce Housing Linkage Fee Interest $810,000 $765,341 $752,000 $1,507,929 $752,000 $810,000 2024 Actual 2025 Revised 2026 Proposed Operations and Maintenance $810,000 $1,507,929 $752,000 $5,650,243 $5,375,000 $28,933 $1,971,067 $0$6,232 $36,000 $36,000$425,000 2024 Actual 2025 Revised 2026 Proposed Lodging Tax Intergovernmental Charges for Service Transfers In $5,536,000 $6,110,408 $7,382,067 $132,400 $138,710 $137,971 $5,128,261 $4,803,355 $5,362,028 $694,768 $2,032,233 $425,000 2024 Actual 2025 Revised 2026 Proposed Personnel O&M Capital Transfers $5,499,999$5,955,429 $7,399,297 Strategic Outcomes 1)Resourced within base budget 1)Consider updating Town policies defining workforce or attainable housing for the purposes of Town funding.(Exceptional Community Services: 1.2) 2)Discuss with the Housing Authority how 6E funding expenditures should be targeted in the near term, in light of the current Housing Needs Assessment, including a discussion of senior and seasonal housing. (Exceptional Community Services: 1.3) 3)Work with the Housing Authority to evaluate potential for interest rate buy-down programs (Exceptional Community Services: 1.4) 4)Work with the Chamber and Housing Authority to assess how seasonal employees are housed in Estes Park. (Robust Economy: 6.A.1) Strategic Outcomes (Continued) 1)Not Resourced A.None Housing & Childcare •Workforce Housing Linkage Impact Fee – 505 •Workforce Housing & Childcare Lodging Tax Fund - 270 2026 Proposed Budget 2026 Proposed Budget Community Development: Planning General Fund 101-1600 Total Budget $830,031 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Current planning / development review Long range planning / master planning Administration of the Estes Park Development Code Annexation Addressing Signage Support residents, customers, business owners and stakeholders Support to Board of Adjustment, Planning Commission and Town Board of Trustees Strategic Plan Resourced None included $38,700 $44,000 $1,500 $1,500 $700 2024 Actual 2025 Revised 2026 Proposed Application Fees Other $21,500 $39,400 $45,500 $109,785 $594,291 $133,587 $578,853 $634,742 $696,444 2024 Actual 2025 Revised 2026 Proposed Operations and Maintenance Personnel $830,031 $688,638 $1,229,033 Strategic Outcomes 1)Resourced within base budget 1)Continue rewriting the Estes Park Development Code with participation from elected/appointed officials, stakeholders, and residents. (Exceptional Community Services: 6.A.1) 2)Consider an update to Section 11.4 of the Development Code, including reconsideration of appropriate definitions and density bonus amounts (Exceptional Community Services: 1.1). 3)Review and update the Town’s public art policy (Policy 880). (Exceptional Community Services: 10.1) 2)Not resourced 1)None Community Development: Planning General Fund 101-1600 2026 Proposed Budget 2026 Proposed Budget Community Development: Building General Fund 101-2300 Total Budget $573,063 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Promote a safe building environment Complete plan reviews prior to construction to ensure building code compliance Conduct inspections throughout the construction process Support residents and businesses Follow 2021 International Building/Residential Codes SAFEbuilt Colorado provides most building-related services Strategic Plan Resourced None included $401,962 $2,075 $2,975 $3,886 2024 Actual 2025 Revised 2026 Proposed Building Permits Sign Permits Life Safety Inspection Other $500,000 $410,898 $600,000 $426,234 $645,495 $76,777 $82,117 $86,866 2024 Actual 2025 Revised 2026 Proposed Operations and Maintenance Personnel $573,063 $503,011 $727,612 Strategic Outcomes 1)Resourced within base budget 1)None 2)Not Resourced 1)None Community Development: Building General Fund 101-2300 2026 Proposed Budget 2026 Proposed Budget Events & Visitor Services: Visitor Services General Fund 101-2600 Total Budget $769,352 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Provide visitors with information about the Estes Park area, local businesses and attractions, and Rocky Mountain National Park Distribute local business directories and display promotional materials Promote local area events and activities Collect and organize Visitor Center statistics Manage approximately 40 volunteers Strategic Plan Resourced Service Proposed Expense Strategic Outcome Visitor Center Carpet Replacement $15,000 Outstanding Guest Services Visitor Center Public Restroom Door Replacement $15,000 Outstanding Guest Services $20,000 $50,000 $425 $400 2024 Actual 2025 Revised 2026 Proposed Rocky Mountain Conservancy ATM Fees $50,400 $425 $20,000 $194,155 $360,094 $360,331 $332,035 $395,471 $409,021 $54,816 2024 Actual 2025 Revised 2026 Proposed Operations and Maintenance Personnel Capital $769,352 $526,190 $755,565 Strategic Outcomes 1)Resourced within base budget 1)None 2)Not Resourced 1)Improve the Visitor Center restrooms by wrapping restroom stalls with local artwork (5.A.1) Events & Visitor Services: Visitor Services General Fund 101-2600 2026 Proposed Budget 2026 Proposed Budget Events & Visitor Services: Events General Fund 101-5500 Total Budget $3,496,812 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Marketing and sales of Town event venues Event Center, equestrian facilities, O’Connor Pavilion and many more Maintain and coordinate the use of the Events Complex and other Town event facilities Plan and produce Town of Estes Park signature event First Peoples Festival, Wine & Chocolate Festival, Big Foot Days, Wool Market, July 4th Fireworks, Rooftop Rodeo, Elk Fest, Rocky Mountain Craft Spirits Festival, Tree Lighting, Catch the Glow Parade Strategic Plan Resourced Service Proposed Expense Strategic Outcome 8’ Snowplow $8,000 Service Expansion 16’ Gooseneck Dump Trailer With Ramps $18,000 Service Expansion Arena Surefoot 10” Sand Footing $165,000 Service Expansion Barn Stall Mats $77,000 Service Expansion Rooftop Rodeo Contracts $10,209 Service Expansion $953,306 $934,122 $946,200 $45,398 2024 Actual 2025 Revised 2026 Proposed Charges for Service Grants $946,200 $934,122 $998,704 $1,391,057 $1,827,262 $2,076,910 $1,110,120 $1,325,342 $1,393,902 2024 Actual 2025 Revised 2026 Proposed Operations and Maintenance Personnel Capital $26,000 $2,501,177 $3,152,604 3,496,812 Strategic Outcomes 1)Resourced within base budget 1)Develop and implement an emergency and safety training program for all events & visitor team employees including a tracking system for valid certificates. (Governmental Services and Internal support: 1.1) 2)Complete infrastructure improvements to the O’Connor Pavilion including better emergency communication capabilities. (Outstanding Guest Services: 2.B.1) 3)Improve the horse stalls and the safety of the horses in barns A-L and W by installing stall mats. (Outstanding Guest Services: 3.B.2) Events & Visitor Services: Events General Fund 101-5500 2026 Proposed Budget 2026 Proposed Budget Estes Park Museum General Fund 101-5700 Total Budget $744,841 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Collections management and research assistance Permanent and temporary exhibits/interpretation Education programs, tours and website management 20 volunteers including Museum Friends & Foundation, Inc. Board “Museum” includes: Main Museum with Cobb-Macdonald Cabin and Historic Boyd Building Museum Annex Historic Fall River Hydroplant Birch Ruins and Birch Cabin located at Centennial Open Space at Knoll- Willows Strategic Plan Resourced None included $200 $200 $100,824 $128,613 $21,225 $25,000 $25,000 $25,000 2024 Actual 2025 Revised 2026 Proposed Charges for Service Meeting Room Rental Donations Misc (Friends & Foundation) $46,425 $128,124 $153,813 $2,300 $136,766 $235,593 $280,433 $424,401 $430,192 $464,408 2024 Actual 2025 Revised 2026 Proposed Operations and Maintenance Personnel $744,841 $561,167 $665,785 Strategic Outcomes 1)Resourced within base budget 1)None 2)Not Resourced 1)None Estes Park Museum General Fund 101-5700 2026 Proposed Budget 2026 Proposed Budget Public Works: Parks General Fund 101-5200 Total Budget $1,729,545 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Maintenance, renovation, development and management of all Town-owned park land, open spaces and conservation easements Care for landscaping of Town-owned facilities Manage and implement noxious weed program at all Town-owned properties Snow removal on all Town sidewalks and trails Support the Mrs. Walsh’s Garden Committee Strategic Plan Resourced None included $38,581 $35,000 $35,000 2024 Actual 2025 Revised 2026 Proposed Donations Other $35,000 $44,277 $35,000$5,696 $584,385 $1,226,352 $712,497 $819,003 $846,528 $10,200 $10,200 2024 Actual 2025 Revised 2026 Proposed Operations and Maintenance Personnel Capital $1,729,545 $1,296,882 $2,055,555 Strategic Outcomes 1)Resourced within base budget 1)Select at least one specific recommendation from the 2045 Parks and Open Space Master Plan for budgeting implementation in 2027. (Exceptional Community Services: 5.A.1) 2)Not Resourced 1)None Public Works: Parks General Fund 101-5200 2026 Proposed Budget 2026 Proposed Budget Conservation Trust Fund 211 Total Budget $10,000 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Managed by Public Works, Parks Division Collect and account for the Town’s share of the State Lottery proceeds Dedicated to acquisition, construction and maintenance of parks and open space facilities Strategic Plan Resourced None included $36,366 $41,000 $41,000$2,005 2024 Actual 2025 Revised 2026 Proposed Tax Revenue from Larimer County Interest $41,000 $38,372 $41,000 $9,914 $39,000 $10,000 2024 Actual 2025 Revised 2026 Proposed Operations and Maintenance $10,000$9,914 $39,000 Strategic Outcomes 1)Resourced within base budget 1)None 2)Not Resourced 1)None Conservation Trust Fund 211 2026 Proposed Budget 2026 Proposed Budget Larimer County Open Space Fund 220 Total Budget $249,911 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Managed by Public Works, Parks Division In 1995, Larimer County voters approved a ¼ of 1% sales tax increase dedicated to trail construction and open space purchases. Voters extended the tax in 2014. This fund accounts for the Town’s share of the tax. Trail program management and grant administration Noxious weed control Capital Projects: Planning, design and construction of park and trail improvements Strategic Plan Resourced None included $625,143 $52,483 $45,000 $45,000 $500,334 $437,883 2024 Actual 2025 Revised 2026 Proposed Tax Revenue Interest Income Intergovernmental $595,000 $1,177,960 $1,032,883 $2,719 $195,000 $117,900$70,444 $127,729 $132,011$81,854 $1,476,540 2024 Actual 2025 Revised 2026 Proposed Operations and Maintenance Personnel Capital $1,799,269 $155,016 $249,911 Strategic Outcomes 1)Resourced within base budget 1)None 2)Not Resourced 1)None Larimer County Open Space Fund 220 2026 Proposed Budget 2026 Proposed Budget Public Works: Streets General Fund 101-3100 Total Budget $1,666,577 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Responsible for 59 miles of roadway including snow removal, street sweeping, striping and street maintenance programs Replace and maintain signage within Town limits Permanent and static electronic signs Seasonal transit stop signs Paid parking signs Install traffic control devices for special events Clean and maintain public parking lots and streetscapes Strategic Plan Resourced Service Proposed Expense Strategic Outcome Street Shop Drainage Improvements $70,000 Infrastructure $2,450 $2,000 $2,000 $408,089 $376,000 $1,824 2024 Actual 2025 Revised 2026 Proposed Licenses and Permits Intergovernmental Other $424,687 $378,000 $428,961 $410,089 $804,580 $1,107,026 $560,928 $550,090 $573,741 $26,000 $96,000 2024 Actual 2025 Revised 2026 Proposed Operations and Maintenance Personnel Capital $1,666,577 1,365,508 $1,683,116 Strategic Outcomes 1)Resourced within base budget 1)Seek grant funding or pursue in-house resources to construct the Community Drive Multi-Use Trail (east side of Community Drive between Manford Avenue and US36 and north side of Manford Ave east of Community Dr). (Transportation: 8.B.1) 2)Not resourced 1)None Public Works: Streets General Fund 101-3100 2026 Proposed Budget 2026 Proposed Budget Public Works: Stormwater General Fund 101-3175 Total Budget $463,759 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Manage 100 miles of drainage-ways Roadway ditches Culverts Inlets Bridges Cleanout of catch basins, inlets and culverts Support roadway snow removal operations Strategic Plan Resourced None included $40,661 $174,897 $115,896 $200,266 $401,578 $347,863$10,214 2024 Actual 2025 Revised 2026 Proposed Operations and Maintenance Personnel Capital $463,759 $251,141 $576,475 Strategic Outcomes 1)Resourced within base budget 1)None 2)Not resourced 1)None Public Works: Stormwater General Fund 3175 2026 Proposed Budget 2026 Proposed Budget Public Works: Engineering General Fund 101-2400 Total Budget $717,617 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Engineering support for traffic, trails, drainage, streets and parks Program management and administration for transportation planning and engineering, development review, right-of-way management Capital Projects planning, design and construction Roads, sidewalks and trails Intersection reconstruction Drainage improvements Strategic Plan Resourced None included $96,883 $300,389 $190,679 $447,006 $436,228 $526,938 2024 Actual 2025 Revised 2026 Proposed Operations and Maintenance Personnel $736,617 $717,617 Strategic Outcomes 1)Resourced within base budget 1)Continue evaluating Downtown Estes Loop traffic flow. (Transportation: 3.A.1 - Multi-year Objective) 2)Construct the Visitor’s Center parking & transit improvements if fully funded by SB267 grant funds. (Transportation: 3.A.2) 2)Not resourced 1)None Public Works: Engineering General Fund 101-2400 2026 Proposed Budget 2026 Proposed Budget 1% Sales Tax (1A): Street Improvement Fund 260 Total Budget $1,824,872 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Managed by Engineering Division Manage and administer pavement maintenance and related contracts Capital projects: Planning, design and construction for annual pavement maintenance Pothole patcher truck operations Crush excess road material for reuse in-house Strategic Plan Resourced Service Proposed Expense Strategic Outcome Old Ranger Drive Reconstruction $300,000 Transportation Old Man Mountain Lane Reconstruction $200,000 Transportation 2nd Street Reconstruction $300,000 Transportation $2,291,737 $250,855 $81,506 $1,189,298 2024 Actual 2025 Revised 2026 Proposed Sales Tax Interest Income Grants $2,102,717 $3,292,015 $2,624,098 $73,441 $453,471$136,753 $75,756 $74,546$1,296,730 $7,785,211 $1,295,000 2024 Actual 2025 Revised 2026 Proposed Operations and Maintenance Personnel Capital $1,824,872$1,506,924 $8,314,438 Strategic Outcomes 1)Resourced within base budget 1)None 2)Not resourced 1)None 1% Sales Tax (1A): Street Improvement Fund 260 2026 Proposed Budget 2026 Proposed Budget 1% Sales Tax (1A): Trails Fund 246 Total Budget $557,072 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Managed by Public Works, Engineering Division Manage trails expansion and administer grants Capital Projects: Planning, design, and construction for trails expansion Manage and administer upgrades and replacements of existing substandard trails Strategic Plan Resourced Service Proposed Expense Strategic Outcome Community Drive Multi-Use Trail (North Segment)$450,000 Transportation $326,270 $571,390 $571,390 $300,000 2024 Actual 2025 Revised 2026 Proposed Sales Tax Grants $107,287 $107,072 $223,744 $468,256 $450,000 2024 Actual 2025 Revised 2026 Proposed Personnel Capital Strategic Outcomes 1)Resourced within base budget (to be considered along with IGA for grant) 1)Design the multiuse trail on the south side of Moraine Avenue from Davis Street to Marys Lake Road and seek construction grant funding. (Transportation: 3.B.1 - Multi-year Objective) 2)Not resourced 1)None 1% Sales Tax (1A): Trails Fund 246 2026 Proposed Budget 2026 Proposed Budget 1% Sales Tax (1A): Stormwater Fund 265 Total Budget $1,247,613 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Program management and administration for stormwater infrastructure Capital Projects: Planning, design and construction of stormwater system improvements Flood mitigation initiatives Strategic Plan Resourced Service Proposed Expense Strategic Outcome Stormwater Master Plan CIP Projects $1,050,000 Infrastructure $730,844 2024 Actual 2025 Revised 2026 Proposed Sales Tax $1,492 $186,722 $197,613 $1,600,000 $1,050,000 2024 Actual 2025 Revised 2026 Proposed Operations and Maintenance Personnel Capital Strategic Outcomes 1)Resourced within base budget 1)Replace the structurally deficient Performance Park bridge. (Utility Infrastructure: 3.A.1) 2)Not resourced 1)None 1% Sales Tax (1A): Stormwater Fund 265 2026 Proposed Budget 2026 Proposed Budget Public Works: Transit General Fund 101-5600 Total Budget $959,908 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Manage seasonal summer transit program Special event service for Town-produced events Federal and state grant management Planning and capital projects Trolley facility Visitor Center parking lot redesign Multimodal Transportation Plan Transit Development Plan Program branding, marketing and communications Strategic Plan Resourced None included $102,807 $15,500 $15,500 2024 Actual 2025 Revised 2026 Proposed Grants Sponsorship $21,100 $15,500 $123,907 $1,254,393 $644,905 $1,861,831 $129,878 $160,185 $163,130 $50,000 2024 Actual 2025 Revised 2026 Proposed Operations and Maintenance Personnel Capital $959,908 $774,783 $2,072,016 Strategic Outcomes 1)Resourced within base budget 1)Implement CMAQ-funded pilot programs for regional transit service, expanded transit routes, and micro-transit service (Transportation: 3.C.1). 2)Not resourced 1)None Public Works: Transit General Fund 101-5600 2026 Proposed Budget 2026 Proposed Budget Parking Services Fund 256 Total Budget $793,179 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Managed by Public Works, Parking and Transit Division Manage 2,174 public parking spaces across 20 parking areas, including the seasonal paid parking program, data collection, permitting and technology Customer support and service, business relationship management and continuous improvement Program communications and marketing Manage contracted parking operator with local field staff and access to nationwide resources Monitor and maintain Town-owned Level II and Level III electric vehicle charging stations Planning and Capital Projects: Downtown Parking Management Plan implementation Big Horn parking structure Strategic Plan Resourced Service Proposed Expense Strategic Outcome Add .5 FTE Parking &Transit Assistance in Peak Season $32,646 Transportation $577,909 $807,750 $18,978 $49,661 $39,000 $39,000 $20,208 $22,000 $22,000 $150,000 2024 Actual 2025 Revised 2026 Proposed Paid Parking Fees Interest Income Parking Tickets Permits Transfer $666,756 $1,018,750 $859,750 $449,396 $662,432 $566,878 $169,595 $186,478 $226,301 $628,500 2024 Actual 2025 Revised 2026 Proposed Operations and Maintenance Personnel Capital $793,179 $618,991 $1,477,410 Strategic Outcomes 1)Resourced within base budget 1)Identify funding and construct a 3-level parking structure at the Big Horn parking lot. (Transportation: 5.A.1 – multi-year objective) 2)Not resourced 1)None Parking Services Fund 256 2026 Proposed Budget 2026 Proposed Budget Utilities Overview 502 –Power and Communications 503 –Water Total Budget -2026 Power & Communications -$27,045,335 Water -$8,131,764 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Enterprise Funds ▪Fund 502 (Power and Communications) and Fund 503 (Water) are Enterprise Funds. ▪Enterprise funds are government-owned businesses ▪Can only receive up to 10% of annual revenue from state and local funding contributions (grants) ▪Majority of revenue comes from user fees ▪Have bonding authority, but cannot levy taxes ▪Both utilities provide service outside of Town limits. Power and Communications Trends ▪Wildfire mitigation investments ▪Infrastructure improvements like tree cable and Intellirupters ▪Operational improvements ▪Continued support of PRPA’s clean energy transition ▪Investments in distribution system reliability ▪Use of grants to offset costs of improving the distribution system Power & Communications: New Capital Project Expense Strategic Outcome 1A-Funded Wildfire Mitigation $200,000*Utility Infrastructure Acacia Drive Line Rebuild $37,600 Utility Infrastructure Concord Lane Line Rebuild $34,000 Utility Infrastructure * Continuous project funded each year from 1A Sales Tax Power & Communications Capital (continued from 2025) Project Expense*Strategic Outcome Wildfire Grant Construction $440,750 Utility Infrastructure Grid Hardening Grant $262,517 Utility Infrastructure Trailblazer Buildout BEAD Grant $7,856,756 Utility Infrastructure * Project budget remaining as of September 2025. Water Trends ▪Finalizing Water Master Plan ▪Will guide investments in treatment and distribution infrastructure ▪Significant investments needed ▪New water treatment plant, including raw water diversion and distribution system modifications ▪Water storage tanks: Replace, rebuild and/or upgrade ▪Reconstruct existing pump stations for modernization, performance and redundancy. ▪Preventative maintenance on existing infrastructure ▪Rate study will be finalized in 2026 Water: New Capital No new capital projects budgeted for 2026 Water Capital (continued from 2025) Project Expense*Strategic Outcome Mall Road Looping $3.99M Utility Infrastructure Prospect Mountain $2,508,063 Utility Infrastructure Carriage Hills and Spruce Knob $9,064,224 Utility Infrastructure * Project budget remaining as of September 2025 Utilities Overview 502 –Power & Communications 503 –Water 2026 Proposed Budget 2026 Proposed Budget Utilities: Power & Communications Enterprise Fund 502 Total Budget $27,045,335 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Supply electric power to approximately 10,500 accounts, including Rocky Mountain National Park Deliver modern high-speed internet service: Trailblazer Broadband Maintain and construct new Trailblazer and electric power infrastructure Read and replace all electric and water meters Provide energy efficiency programs Strategic Plan Resourced Service Proposed Expense Strategic Outcome Acacia Drive Line Rebuild $37,600 Utility Infrastructure Concord Lane Line Rebuild $34,000 Utility Infrastructure $25,901,557 $26,324,501 $26,098,970 $117,457 $205,700 $205,700 $746,980 $360,000 $400,000 $127,641 $24,000 $24,000 $51,977 $6,878,849 $1,965,000 2024 Actual 2025 Revised 2026 Proposed Service Charges Taxes Investment Misc Intergovernmental Transfers-In $26,728,670$26,945,612 $35,758,050 $9,324,104 $10,570,000 $4,036,633 $5,966,990 $5,971,140$107,225 $15,954,637 $1,329,000$854,368 $2,178,092 $2,151,855 $3,808,559 $5,762,070 $5,578,340 $1,384,152 $1,350,000 $1,350,000 2024 Actual 2025 Revised 2026 Proposed Source of Supply Personnel Capital Debt Service O&M Transfers $27,045,335 $19,515,041 $41,781,789 Strategic Outcomes 1)Resourced in base budget 1)Identify funding for an affordable Trailblazer program. (Utility Infrastructure 5.1) 2)Complete construction of Trailblazer Broadband pending BEAD funding. (Utility Infrastructure: 5.A.1 – multi-year) 2)Not resourced 1)None Enterprise Fund 502 2026 Proposed Budget Utilities: Power & Communications 2026 Proposed Budget Utilities: Water Enterprise Fund 503 Total Budget $ 8,131,764 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. Scope of Services Distribution system operations and maintenance Treatment plant operations and maintenance Management of water rights and augmentation plan accounting Regulatory compliance testing and reporting Capital construction on our aging infrastructure Water quality monitoring throughout distribution system Laboratory support for other systems Strategic Plan Resourced None included $6,919,917 $6,503,500 $6,983,500 $3,854,738 $6,445,949 $691,165 $550,000 $550,000 $52,275 $20,000 $20,000 $3,500,000 2024 Actual 2025 Revised 2026 Proposed Service Charges Intergovernmental Investment Misc Financing Proceeds $7,553,500 $11,518,095 $17,019,449 $2,296,151 $3,556,753 $2,904,390 $3,384,628 $3,667,277 $9,120,587 $19,870,214 $97,000 $274,624 $573,438 $921,882 $126,996 $120,000 $120,000 2024 Actual 2025 Revised 2026 Proposed O&M Personnel Capital Debt Service Transfers $8,131,764 $14,722,748 $27,505,033 Strategic Outcomes 1)Resourced within base budget 1)Implement the enforcement process for customers who do not comply with water administrative regulations. (Utility Infrastructure: 1.B.1) 2)Not Resourced 1)None Utilities: Water Enterprise Fund 503 2026 Proposed Budget 2026 Proposed Budget 2026 Budget Summary Revenue: $85,478,590 Expenses: $88,445,264 Fund Balance for Capital: $2,966,674 We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. 2026 Budget Summary Guided by the 2026 Strategic Plan Maintain fund security, with balances at or above target Finance Policy 660 •General Fund 2026 ending fund balance is 31.2% as proposed •Ongoing expenditures do not exceed revenues and available fund balance Established $1.5M reserve for future police facility Fiscally conservative, flat sales tax projection Project funds expected to roll from 2025 to 2026 Utility projects with grants: Trailblazer, Grid Hardening and Wildfire Mitigation •Trails and street projects: Graves Avenue trail, Cleave Street 2026 Proposed Position Changes Position Proposed FTE Fund Parking & Transit Assistant (seasonal).5 256 - Parking Service 2026 Proposed Budget Recap Capital Improvement Plan Strategy for 2026 – 2030 Projects Total Budget $4,008,600 revised We are committed to providing equitable access to our services. If you need any assistance, please email digitalaccessibility@estes.org. 2026 CIP Expenditures Proposed Project Expense Strategic Outcome Arena Surefoot 10 Sand Footing (204)$165,000 Infrastructure Barn Stall Mats (204)$77,000 Infrastructure Police Department Facility – Design (204)$300,000 Exceptional Guest Services *Stormwater Local Neighborhood Drainage (265)$250,000 1,050,000 Infrastructure *Community Drive North Trail (246)$760,000 450,000 Transportation *Revisions since the September 18 presentation 2026 CIP Expenditures (continued) Proposed Project Expense Strategic Outcome Overlay Program 2026 (260) $1,175,000 Transportation Parking Lot Rehabilitation 2026 (260)$120,000 Transportation Trail Reconstruction US 34 & Hwy 7 Phase 2 (220)$600,000 Transportation Acacia Drive Line Rebuild (502)$37,600 Infrastructure Concord Lane Line Rebuild (502)$34,000 Infrastructure Debt Management For long-term debt that is allocated solely to capital projects, that cannot be financed through current revenues: Hire professionals to ensure legal compliance, adherence to debt covenants, market monitoring and lowest interest debt Town is able to issue Certificates of Participation, General Obligation Revenue bonds/notes and lease agreements Currently: $0 General Obligation debt, therefore authorized to issue up to 3% of Capital Asset value, currently at $95.8M. Outstanding debt as of 12/31/24: General Fund - $4.1M (Parking Garage, Event Center, radio leases) Utility Funds - $35.2M (Trailblazer Broadband, water projects, radio leases) Compensation and Benefits 1)Benefits update from Human Resources 2)Other Post Employment Benefit (OPEB) budget •GASB 75 established new accounting and reporting standards •Beginning in 2018, accounting aligned with GASB 75 pronouncement •Retiree insurance coverage was centralized within the Human Resources budget and assumes full staffing. This is also reflected in the proposed 2026 budget. •Beginning in 2027, retiree insurance coverage will be assumed by each department. •For reference, retiree insurance prior to 2018 ranged from $10,000 - $33,000 2026 Budget Timeline Remaining Steps October 3, 2025: Town Board Budget Study Session #2 October 28, 2025: First Public Hearing on proposed budget at Town Board meeting November 12, 2025: Second Public Hearing and anticipated budget approval by Town Board December 15, 2025: Deadline to submit certified property tax levy to County Commissioners January 31, 2026: Deadline to submit adopted budget to State of Colorado January of 2026: Make digital and physical budget documents available for the public 2026 Budget Summary Questions and Discussion 2026 Proposed Budget