1. OIL & GAS REVENUE HOW IS REVENUE RAISED Property Tax Assessment. State & County Assessment Federal Mineral Leasing

2. OIL & GAS REVENUE HOW MUCH REVENUE IS RAISED Property Tax Assessment State Property Assessment County Property Assessment Total $1,019,831,820 Oil & Gas Assessed Valuation in Garfield $ 259,832,000 Property Tax Collected For Oil & Gas only $12,515,617 Collected in Garfield County

3. OIL & GAS REVENUE HOW IS REVENUE RAISED Federal Mineral Leasing From Colorado Public Lands $125,683,568 To State of Colorado $62,841,784

4. DISTRIBUTION OF REVENUE $125,683,568 Federal Mineral Taxes Collected in Colorado in 2003

5. DISTRIBUTION OF REVENUE $125,683,568 Federal Mineral Taxes Collected in Colorado in 2003

6. DISTRIBUTION OF REVENUE

7. $62,841,784 Federal Mineral Taxes Collected in Colorado in 2003

8. DISTRIBUTION OF REVENUE $62,841,784 Federal Mineral Taxes Collected in Colorado in 2003

9. DISTRIBUTION OF REVENUE $5,252,460 Federal Mineral Taxes Counties Portion

10. DISTRIBUTION OF REVENUE $62,841,784 Federal Mineral Taxes Counties Portion

11. DISTRIBUTION OF REVENUE $62,841,784 Federal Mineral Taxes Counties Portion

12. OIL & GAS REVENUE FACT Total assessed and exempt valuation of Garfield County is $1,019,831,820. Assessed valuation on oil & gas in Garfield County is $259,832,000.

13. DISTRIBUTION OF REVENUE $12,515,617 Property Tax Distribution

14. DISTRIBUTION OF REVENUE $12,515,617 Property Tax Distribution

15. DISTRIBUTION OF REVENUE $3,115,917 Garfield Countys Portion

16. DISTRIBUTION OF REVENUE $3,115,917 Garfield Countys Portion

17. OIL & GAS REVENUE REVIEW Federal Mineral Leasing Revenue $1,332,000 Property Tax on Oil & Gas Total $3,115,917 Total Revenue to Garfield County $4,447,917

18. DISTRIBUTION OF REVENUE $4,447,917 Oil & Gas Contributions

19. OIL & GAS REVENUE WHAT IF Garfield County receives a $12M increase or greater from oil & gas through the above process? County government revenues would be approximately $2.8M. However, increase in revenue would amount to 22.2%.

20. OIL & GAS REVENUE HOWEVER Statutory Requirement Defines any revenue exceeding 5.5% must go to capital. Garfield County revenue of $2.8M must divert $2.1M to capital. Leaving $700,000 for general and other funds.

21. OIL & GAS REVENUE INFORMATION GATHERED FROM Garfield County Treasurer 2003 year end report. Garfield County Assessor 2003 Abstract. Colorado Department of Local Affairs Annual Report. Colorado Revised Statutes