The City’s Adopted Budget every year reflects Council’s desire for a fiscally responsible budget – a budget built on conservative revenue projections, necessary as well as discretionary expenditure levels, and required and reasonable reserves and designations. The Budget is comprised of the following four funds – the General Fund, the Special Revenue Fund – Cultural and Community Services, the Debt Service Fund – Arts and Cultural, and the Debt Service Fund – Park and Recreation Improvements.
In developing the budget, the City staff focuses on the Community Vision Statement which states: Lone Tree is a premier Colorado community connected by great neighborhoods, vibrant public spaces, a beautiful natural environment, and thriving businesses. Additionally, the organizational mission states: We will achieve Lone Tree’s community vision by doing things the best way, not just the expected way.
Annual Budget Timeline
The City of Lone Tree operates on an annual budget with a fiscal year of January through December. Budget development begins each summer as City staff collaborate on long-range planning, capital projects, and goals based on City Council priorities.
The Draft Budget is made available to the public in the fall of each year here on the City’s website, along with information on the public hearing for the budget, which occurs later that fall at a City Council meeting. Council then considers adoption of the budget by December of each year.
The Budget Book, found below, is then compiled based on the adopted budget. This formats the budget in an easily accessible and readable format for the public.