Community RepoRt

[Pages:24]2014

Community Report

City and County of Denver, Colorado

Year Ended December 31, 2014

A World-Class City Where Everyone Matters

About Our City

Table of Contents

To the Citizens of Denver Mayor's Message Denver's Profile City Organization Denver City Government Metrics Online Services Financial Reporting Awards Where the Money Comes From

1 At 39o latitude and 105o longitude sits Denver, Colorado - business

2 center, tourism mecca, and cultural core of the Rocky Mountain region.

4

Denver is a diverse metropolis, nestled on a plateau at the base of 5

the majestic Rocky Mountains and 346 miles west of the center of 6

the continental United States. Denver is home to the State's Capitol

8 and is also Colorado's largest city. Denver is nicknamed the Mile-High

9

City because its official elevation is exactly one mile or 5,280 feet

10

(1,609.344 m) above sea level.

Where the Money Goes Property Tax Dollars Combined Financial Statements What we Own What we Owe

12 The Denver metropolitan area includes the counties of Adams,

14

Arapahoe, Boulder, Broomfield, Denver, Douglas, and Jefferson. Many

16

features of the economy include a central business district, Denver

18

International Airport, extensive library facilities, professional sports

19

teams, educational institutions, museums, and cultural facilities.

Glossary

20

Denver's Neighborhoods

21

2014 Photos courtesy of Steve Crecelius, Rich Grant, and Evan Semon and VISIT DENVER.

The complete Mayor's Budget and Comprehensive Annual Financial Report are available at the City and County of Denver's Department of Finance website at finance.

2014 Community Report| 1

To the Citizens of Denver

Cary Kennedy Deputy Mayor and Chief Financial Officer

Dear Friends . . .

The Mayor's goal, and my goal, is to ensure that citizens are kept up-to-date and informed on the status of the City's finances. Confidence in our city is directly related to the availability of complete, accurate, and timely information. Therefore, it is with great pride that I present to you the

2014 Community Report.

The 2014 Community Report, also referred to as a Popular Annual Financial Report (PAFR), provides a method for you to learn about the

city's finances. By reading this report, you are taking an important step toward understanding and participating in Denver's financial future.

This report includes condensed and simplified information from the 2014 Comprehensive Annual Financial Report (CAFR). It is

important to note that the data in this report is unaudited, includes information exclusively on primary government funds and is presented on a non-GAAP (Generally Accepted Accounting Principles) basis. This means that it excludes discrete component unit and fiduciary fund information, contains condensed financial information and does not provide all of the necessary financial statements and note disclosures required by GAAP.

I am proud to announce that the city received the Distinguished Budget Presentation Award for its annual budget for the fiscal year beginning January 1, 2014, the Certificate of Achievement for Excellence in Financial Reporting for its annual report for the fiscal year ended December 31, 2013, and the Popular Annual Financial Reporting Award for its annual report for the fiscal year ended

December 31, 2013, from the Government Finance Officers Association (GFOA). These awards acknowledge that the city's financial reporting and management practices are recognized as best practices in Colorado and the nation.

I would like to thank the hard-working staff of the Controller's Office, Financial Reporting Division. This team is responsible

for producing this report and the CAFR. They have contributed greatly to serving the citizens of Denver by their commitment to provide quality service and full accountability. Electronic copies of the CAFR, PAFR, and the Mayor's Budget are available on the city's website at

finance.

I also want to thank you for your partnership and commitment to delivering a global city that is emerging as a leader. We are a city of genuine

2014 ingenuity, and together, with hard work and determination - with a Denver spirit - we have established a strong foundation for Denver. We are

an optimistic and progressive city that offers a high quality of life for its citizens and I am extremely positive about the future!

Warm regards,

Cary Kennedy Deputy Mayor and Chief Financial Officer

The complete Mayor's Budget and Comprehensive Annual Financial Report are available at the City and County of Denver's Department of Finance website at finance.

Mayor's Message

2 | City and County of Denver

Dear Residents . . .

Now that the challenges of the recession are largely in the rearview mirror, I'm proud to report that Denver's economy is healthy and growing. In four short years, we have added 36,000 jobs and 2,200 new businesses in Denver, and our unemployment rate is down to 4 percent. Our plans for growing Denver's economy have been proactive and intentional ? and because of our focused approach, this city of opportunity is open for business. When it comes to developing a vibrant economy, the advantage goes to places like Denver, where the most innovative people want to live. From the new Union Station, which has already far exceeded the number of expected visitors, to the redevelopment of the Stock Show site into a year-round National Western Center focused on education, economic development, tourism, and entertainment that will redefine the gateway to our city, we're taking steps all across the city to bolster business development, innovation, entrepreneurship, neighborhood investment and a workforce built for the 21st century. It's an especially exciting time to be in the Mile High City. Together, we are building a better Denver for everyone.

Mayor Michael Hancock

2014

The complete Mayor's Budget and Comprehensive Annual Financial Report are available at the City and County of Denver's Department of Finance website at finance.

Mayor's Message

2014 Community Report| 3

2014

The complete Mayor's Budget and Comprehensive Annual Financial Report are available at the City and County of Denver's Department of Finance website at finance.

4 | City and County of Denver

Denver's Profile

Quick Facts

2014

Founded as Denver City Incorporated as Denver City Consolidated as City and County

November 22, 1858 November 7, 1861

November 15, 1902

Geography Land Water

153.3 square miles 1.6 square miles

Government Mayor 13-Member City Council Auditor

4-Year Terms, Maximum of 3 Terms

Demographics* Residents Race and Ethnicity White (Non-Hispanic) Hispanic and Latino Black and African American Asian American Indian and Alaska Native Native Hawaiian and Other Pacific Islander Gender Male Female Median Household Income Median Home Cost Home Ownership Persons per Household

663,862

52.6% 31.5% 10.2%

3.5% 2.0% 0.2%

50.1% 49.9% $50,313 $249,100 50.2%

2.27

Education* High School Graduates Bachelor's Degree or Higher

85.4% 42.9%

*Estimated by the U.S. Census Bureau.

The complete Mayor's Budget and Comprehensive Annual Financial Report are available at the City and County of Denver's Department of Finance website at finance.

2014 Community Report| 5

City Organization

People of Denver

District Attorney

County Court

Mayor

Auditor

Clerk and Recorder

City Council

City Attorney

Excise and Licenses

Civil Service Commission

Finance

Community Planning and Development

Office of Children's

Affairs

Board of Ethics

Office of Human Resources

Hearing Office

General Services

Public Safety

Office of Special Events

Human Rights and

Community Relations

Board of Adjustment for Zoning Appeals

Denver Water Department

Parks and Recreation

Public Works

Office of the Independent

Monitor

Technology Services

Denver Public Library

Denver Art Museum

Aviation

Environmental Health

Human Services

Departments

Emergency

Museum of

Economic

Management

Nature and

Denver Botanic

Development

and Homeland

Science

Gardens

2014 Security

Offices and Agencies

Denver Zoological Gardens

Office of the Municipal Public

Defender

Independent Agencies

The complete Mayor's Budget and Comprehensive Annual Financial Report are available at the City and County of Denver's Department of Finance website at finance.

Denver City Government Metrics

6 | City and County of Denver

Arts and Venues Attendance Boettcher Concert Hall Buell Theatre Colorado Convention Center Denver Coliseum Ellie Caulkins Opera House Galleria and Sculpture Park McNichols Building Red Rocks Amphitheatre

Community Development Permits issued Building inspections

2014 165,538 282,676 876,000 404,482 147,973 70,629 54,261 921,961

67,818 208,209

Denver Airport System Passenger air traffic

53,472,514

2013 172,142 404,582 842,481 409,167 161,813 42,904 41,373 750,097

2012 199,343 473,246 891,960 429,025 203,348 18,814

3,565 715,826

55,252 203,388

55,463 187,198

52,556,359 53,156,278

Excise and Licenses Number of business license transactions

Elections Division Number of BallotTRACETM users

(electronic status tracking of mail-in ballots)

Fire Number of emergency responses Number of fires extinguished Number of inspections Number of engines/trucks Number of stations

17,230

2014 73,340

112,370 1,986

34,044 41/23

34

15,085

SDF

16,248

2013 17,115

2012 16,596

105,290 101,530

1,985 31,818 40/22

34

2,248 30,226 41/22

34

2014

The complete Mayor's Budget and Comprehensive Annual Financial Report are available at the City and County of Denver's Department of Finance website at finance.

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