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Legislation Details
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File #:
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ID 2026-054
Version:
1
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Name:
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Type:
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Update/Presentation Item
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Status:
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Filed
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On agenda:
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5/5/2026
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Final action:
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5/5/2026
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Title:
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2026 Capital Carryforward for ongoing Capital Projects
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To: Honorable Mayor and Members of Town Council
Through: David L. Corliss, Town Manager
From: Trish Muller, CPA, Finance Director
Title
2026 Capital Carryforward for ongoing Capital Projects
Body
________________________________________________________________________________
Introduction
The charter for the Town of Castle Rock allows for the carryforward of prior year capital appropriations without approval by ordinance in order to complete ongoing projects (Section 9.15). Capital projects are fully budgeted in the year the project is anticipated to begin. However, actual capital expenditures vary depending on the timing of work on the project and size of the project and often span multiple years. Since projects often cross multiple years, the Finance Department will carryforward capital budget appropriations, as necessary, until the project is complete. A five-year summary of capital budget appropriation carryforward is provided in the table below.
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Year |
2022 |
2023 |
2024 |
2025 |
2026 |
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Capital Carryforward Amounts |
$37,308,413 |
$84,357,215 |
$91,124,553 |
$157,580,495 |
$ 260,273,465 |
Discussion
The carryforward of unspent capital appropriations, referenced in Attachment A, is for capital projects that were planned and funded with prior Town Council approval. Such projects were included in the Capital Improvement Program presented to Council along with the annual budget in the year the project was originally funded. The total capital carryforward amount to be re-appropriated in the 2026 budget is $260,273,465.
Per section 9.15 of the Town Charter, appropriations for capital expenditures do not lapse and can automatically be re-appropriated into the next year’s budget. The Finance Department has worked with Town departments to review capital projects and to ensure that funds carried forward into 2026 are for ongoing projects not budgeted in 2026, and that only amounts needed to complete the project are appropriated.
Capital carryforward amounts for 2026 can be seen in the following table and in Attachments A and B:
• Attachment A includes all specific capital project carryforward amounts as identified by departments for ongoing projects
• Attachment B includes estimated funds available in 2026 with these capital carryforward amounts
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Fund |
Capital Amount for Carryforward |
Significant Projects Included in the Carryforward Amount |
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General Fund |
$ 8,311,771 |
General Fund carryforward includes unspent capital funds for Fire apparatus, Cantril, Lost Canyon, and other parks and trail improvements. |
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Transportation Fund |
$ 2,032,336 |
Transportation Fund carryforward includes unspent capital funds for traffic and neighborhood safety and signal improvements. |
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Conservation Trust Fund |
$ 1,426,957 |
Conservation Trust Fund carryforward includes unspent funds for Centennial Park. |
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Public Art Fund |
$ 110,000 |
Public Art Fund carryforward includes completing the Big Drive Sculpture. |
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Parks & Recreation Capital Fund |
$ 72,949,440 |
Parks and Recreation Capital Fund carryforward includes ongoing design work for future neighborhood park construction and the Sports Development Center. |
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Fire Capital Fund |
$ 6,993,919 |
The Fire Department is carrying forward funds for construction of the new Fire Station 156. |
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Transportation Capital Fund |
$ 58,978,314 |
Transportation Capital Fund carryforward includes ongoing work for the Crystal Valley Interchange, widening projects for Crowfoot Valley, Wolfensberger and 5th Street, and improvements at highway 86 and 5th street. |
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General Long-Term Planning Fund |
$ 494,909 |
General Long-Term Planning Fund capital carryforward includes funding for police records software, parks cameras, network devices, and parks turf replacement. |
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Lodging Tax Fund |
$ 9,436 |
Lodging Tax Fund carryforward includes funds for park maintenance equipment. |
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Water Fund |
$ 8,473,439 |
Water Fund carryforward includes continued work on the Liberty Village Yellow Zone, SCADA system improvements, Front St to downtown water line improvements, work on multiple wells, and facility upgrades and equipment replacements at the Water Treatment Plant. |
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Water Resources Fund |
$ 88,779,595 |
Water Resources Fund carryforward includes SCADA system improvements, water rights acquisition, demonstration garden improvements, continued construction of a new pump station, pipeline and outlet structure into Rueter-Hess Reservoir, recovery project and continued WISE infrastructure. |
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Stormwater Fund |
$ 2,146,567 |
Stormwater Fund carryforward includes multiple stream stabilization work (McMurdo Gulch, Sellers Gulch, EPC), 6400 (East and South) and Mitchell Gulch stabilization, updating 19 Major Drainage way Master Plans covering over 71 miles of floodplain system. |
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Wastewater Fund |
$ 7,806,502 |
Wastewater Fund carryforward includes SCADA system improvements, lift station upgrades, sewer line rehab, and other facility improvements. |
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Golf Course Fund |
$ 225,036 |
The Parks and Recreation Department is carrying funds forward for the Golf Course Irrigation project. |
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Community Center Fund |
$ 76,000 |
The Parks and Recreation Department is carrying funds forward for pool improvements. |
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Fleet Services Fund |
$ 1,459,245 |
Fleet Services Fund capital carryforward is for vehicle purchases that were delayed in 2025. |
Budget Impact
The capital carryforward amounts totaling $260,273,465, and presented in Attachment A will be re-appropriated in 2026 and reflected in the 2026 budget. The following table shows capital carryforward amounts by fund. Estimated funds available with such carryforwards can be seen in Attachment B.
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Carryforward Amounts |
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General Fund |
$ 8,311,771 |
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Transportation Fund |
2,032,336 |
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Conservation Trust Fund |
1,426,957 |
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Public Art Fund |
110,000 |
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Parks & Recreation Capital Fund |
72,949,440 |
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Fire Capital Fund |
6,993,919 |
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Transportation Capital Fund |
58,978,314 |
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General Long-Term Planning Fund |
494,909 |
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Lodging Tax Fund |
9,436 |
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Water Fund |
8,473,439 |
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Water Resources Fund |
88,779,595 |
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Stormwater Fund |
2,146,567 |
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Wastewater Fund |
7,806,502 |
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Golf Course Fund |
225,036 |
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Community Center Fund |
76,000 |
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Fleet Services Fund |
1,459,245 |
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TOTAL |
$ 260,273,465 |
Staff Recommendation
This memo is intended for informational purposes only.
Attachments
Attachment A: Unspent 2025 Capital Project Carryforward for Fiscal Year 2026
Attachment B: Estimated Ending Funds Available for 2026
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