ERBM Recreation District Board of Directors voted to opt out of Colorado’s state-run Paid Family and Medical Leave Insurance (FAMLI) this week following a public hearing. No one shared comment before the decision. Board members also reviewed the district’s preliminary 2023 budget. Total proposed expenditures are approximately $4.6 million compared to projected revenues of $3.4 million. Existing fund balance reserves will cover the remaining $1.2 million difference. Board President Jon Strate said “some of that is carryover from capital projects in this year, namely the circle park project and the natatorium dehumidification project.
Despite the capital projects, proposed expenditures next year would be a 12% decrease from 2022 spending ($5.2m). The district will save $122K in wages/benefits by eliminating 4 positions. Other major reductions will be in contracted services ($49K) and equipment ($10K).
Overall projected revenue is up 13% to $3.4 million (+$440K) mostly due to a projected 15% increase in property tax valuations. Notable expense increases include:
◆ $4K for under Board of Directors Donations/Sponsorships/Agreements,
◆ $15K in supplies for ADA compliance materials
◆ $3k for PERA retirement accounts.
The board is still working on details of the proposed budget. The next budget hearing will take place in November. Extra copies are available by asking ERBM guest services. Final budget adoption is scheduled for December 13, 2022.
By LUCAS TURNER | [email protected]om