The Breckenridge Town Council passed two resolutions Tuesday, Feb. 11, making supplemental appropriations to the 2013 budget and changing the 2014 budget to roll over funds for projects that were not completed in 2013.
The town staff reviews the budget in order to adjust projected revenue and spending to the actual numbers for the year. The first resolution amends the 2013 budget with an additional $1.8 million in revenues and $2.4 million in expenditures.
Councilman Mike Dudick questioned the additional $75,000 transfer to marketing from the accommodation tax, wondering whether the town was obligated to move those funds. Town manager Tim Gagen said the number changes every year based on percentages, but that the town did need to transfer the funds.
On Nov. 2, 2010, Breckenridge voters approved a 1 percent increase to the accommodations tax, beginning Jan. 1, 2011, to provide more marketing revenue.
The town requires hotels, motels, bed-and-breakfasts, property-management companies and homeowners who short-term lease for less than 30 days to collect a 3.4 percent public accommodation tax. That is remitted directly to the town, along with the 2.5 percent sales tax.
The intention was to have a dedicated marketing stream for the betterment of the community and for more or better events in town, according to a letter from Mayor John Warner published in 2010.
“We’re not obligated to say how it’s spent, but it has to move over into the fund,” Gagen said.
Since the town gave an additional $500,000 to GoBreck for marketing purposes in the 2014 budget, Councilman Mark Burke addressed the possibility of reducing that number by the $75,000 so the budget remained the same. But Councilwoman Wendy Wolfe said that with upcoming events in 2014, town could possibly benefit from having more money than anticipated.
In addition, the 2014 budget will see $188,000 rolled over into the general fund, including money to continue a parking and transit survey, the Breckenridge Nordic Center loan retainage payout, the Green Team SustainableBreck business program and to pay for the staining of pedestrian bridges and overpasses.
Another rollover includes $226,500 for special projects expenses, including scholarships that were deferred by a year, and for Breckenridge Heritage Alliance capital projects that were not completed in 2013: the Barney Ford Museum upgrade, High Line railroad park, Wakefield Sawmill restoration, Lincoln City restoration and a ski documentary.
Gagen also reported that the town is “busting the snow budget this year.” The latest number put the town at 160 percent of average snowfall, he said. The town has already gone over its budget for contracting snow removal.
“We’ve stacked more snow already than we stacked all of last year,” Gagen said.
With Breckenridge at 160 percent of average snowfall, town manager Tim Gagen reported that Breck is “busting the snow budget this year.”