HomeMy WebLinkAbout20131978.tiffANNUAL REPORT
(Year Ending December 31, 2012)
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
(THE "DISTRICT")
Pursuant to Section VIII of the Service Plan for the District approved August 25, 2004 by Weld
County, the District hereby submits the following information and attachments.
A. Changes in the District's taxing boundary or Service Area boundary.
There were no changes to the District's taxing boundary or service area boundary in
2012.
B. Intergovernmental Agreements
A letter filed with the Division of Local Government declaring the agreements the
District has with other political subdivisions as of February 1, 2013 is attached.
C. Changes in the District's rules and regulations
The District did not amend its rules and regulations in 2012.
D. Summary of any litigation which involves the District
The District is not currently involved in any litigation.
E. Status of construction of improvements
The District did not construct any improvements in 2012.
F. Annual audited financial statements of the District or appropriate exemptions from
Audit
A copy of the Application for Exemption from Audit for the year ended December 31,
2012 is attached hereto.
G. Summary of total debt authorized, issued and outstanding
See attached summary.
2013-1978
CONNAm uurtil cec hGIC if i' �J
S(b DP-a-
RESOURCE COLORADO WATER AND SANITATION
METROPOLITAN DISTRICT
141 Union Boulevard, Suit 150
Lakewood, Colorado 80228-1898
Tel: 303-987-0835 • 800-741-3254
Fax: (303) 98.7-2032
February1,20.1.3
Division of Local Government
1313 Sherman Street,Room 521.
Denver, Colorado: 80203
Re: Resource Colorado. Water and Sanitation Metropolitan District;; Intergovernmental
Agreements
Dear Sir or Madam:
hi accordance with Section'29-1,205, •C.R.S., we are.herebyproviding you with the fisting of
political subdivi si ons having entered into a contract withthe:above-.referenced District, the nature of
the contract, and the. expiration date of the contract:
Pioneer Regional Metropolitan District
Memorandum of Understanding (11/1/12) ("MOU"); sets forth the understanding between
the parties .regarding: the District's funding of the Resource. Shortfall (as definedin the:
MOU).
Term: December 3-1, 2013'subject :to annual. renewals:
Pioneer Metropolitan Di.'trictNa:,3
Intergoverninental Agreement Regarding dssignment.of Reimbursement Obligallons;
Consent to Construction; and Collection of Regional Mill Leiy dated .March 26, 2012,
assigns the repayment of certain obligations from the District to:Pioneer 3: arid sets forth an.
agreement between the parties regarding consent to construction andcollection of Regional
Mill Levy (as -defined in the Agreement). --- -
Term; Indefinite:
Lost Creek. Ground Water Management District.
Intergovernmental Agreement (07/1:0/05); describes the :agreement for funding 4 USGS
study and the sharing of theinformation .derived from the study
Term: Indefinite . 05:304104
Town of Keenesburg
Agreement (4/25/06); sets forth the terms and conditions of the purchase of the water tight
associated with Well Permit No. 31652 -FP by the Town from the District.
Term: indefinite 05304100 TAB 18
#Qa1132357.Doc / 21
Division of Local Government
February 1, 2013
Page 2
Assignment (7/26/06); assigns all right, title and interest to the water right associated with
Well Permit No. 31652 -FP to the Town by the District.
Term: Indefinite 05304100 TAB 22
Easement Deed (7/26/06); grants an easement to the Town for access to the Tank Site.
Term: Indefinite 05304100 TAB 24
Agreement (7/26/06); sets forth the terms and conditions regarding certain specified
obligations regarding the decrees and stipulations related to the water right associated with
Well Permit No. 31652 -FP.
Term: Indefinite 05304100 TAB 25
Agreement (7/26/06); defines the terms and conditions for the District to use and reuse the
water right associated with Well Permit No. 31652 -FP, .subj ect to a certain reservation.
Term: Indefinite 05.304100 TAB 26
Intergovernmental Agreement (06/22/07); sets forth the understanding that the District will
conduct a feasibility study regarding the respective water supplies and wastewater treatment
options and determine if there are operations, projects or opportunities for the parties that
will reduce costs for their respective customers.
Term: Until project is completed 05304105
If you have any questions, please contactme.
Sincerely,
RESOURC COLORADO WATER AND SANITATION
AN DISTRICT
Jo icon
trict Manager
cc: McGeady Sisneros, P.C. — Jennifer Henry
(00182357.DOC / 2)
APPLICATION FOR
EXEMPTION FROM AUDIT'`=.SH0RT FORM - FOR GOVERNMENS-11TH
REVENUES AND: EXPENDITURES OF $100,000 OR LESS
Narne of Government:
Resource Colorado Water & Sanitation Metro District
For the Fiscal Year
Ended Decernber31,.20.12
or tscal-yearended::
Address:.
8390 E. Crescent. Parkway
Suite 600
Greenwood Village, CO 80111
Contact Person:
Jason Carroll
Telephone:
303-779.57.1.0
Email:.
Jasan:Carro C iftoritarsonAllen.com
Fax: - .
720x182-6668 .
Return to: Office:of the
Locel.GovernnientAudit'D[MMslon
225:E. 16th' Ave:,.
Denver, CO
Fax: 303-8684082'
Emall:.OSA.LG
Call (303) 866=3338.if
Section 29-1-604; C:R.S., outlinesthe
neither revenues nor expenditures
If either revenues or expenditures
form. Please use the LONG FORM
individually, use this short forrkePplicatlon
Instructions:
SfateAuditor`.
Suite 555'
80203
tate,Co:us
you need help completing this Form..
provisions for an exemption from
exceed $500;000 Jh any fiscal year
are $100,000 or greater, but not more
-of this application. If both revenues and
for exemption from audit.,
Please review ALLinsructions prior to
l.
Please note that there
be considered complete.
of the"State Auditor within 3 months after
31, the form must be received by the Office
PLEASE READ THE,
- ABOVE INSTRUCTIONS.
:BEFORE SUBMITTING .
audit. Generally, any local government forWtiiCh
may qualify for an exemption.
than $500,000, you may NOT use31iillf
expenditures are less than $108,000
the completion of this form.
eta 111 parts to this'for i,.and.alliguestions.
the end of the fiscal year.
of the State Auditor by March 31,
ofthegovepiing body as evidenced by one, of
or-maied.:
N_ OT be accepted
itto lie:actepteci
discretion..
1. Prepare this form completelyand.accurately-
mustbe answered for the'applicationto
2. Fife this form with the Office
For years ended December
3. The form must be completed
by a person skilled in governmental accounting.
reviewed and approved; by.a majority
body -application -may be ema led;.faxed,
must be mailed. Email or fax.voil
application that-ls--submitted inottifer.for
be attached to the exemption at the: propaaer's
4. The application mustbe personally
the following methods:
a. Resolution of the. governing
b. Original signatures - application
S. The preoarer`must skin the
6.: Additional information_may
CERTIFICATION OF PREPARER _
I certify that lam skilled in governmentalaccounting and that the information in the applIcaition is complete and accurate, to the best of my
Name:
Jason Carroll
Title:
Accountant for the District
Firm Name (if applicable):
CliftonLarsonAllen LLP
Address:
8390 E. Crescent Parkway., Suite 600, Greenwood Villas ee, CO 80111
Telephone Number:
303-779-$710
Date Prepared:
311/2013
Preparer Signature (Required): The application will be rejected if not signed by the preparer.
SEE ACCOUNTANT'S C0MPILATI0N:REP0RT
Please indicate whether the_following financial iregrmatiorris
recorded using Govern.mental:;erProprietary fund.types
Governmental
Proprietary
;
PART 2 -REVENUE
REVENUE: All revenues for all funds must be reflected in this section, including proceeds from the sale of the governments land, building, and
equipment, and proceeds from debtor lease transactions. Financial information will not include fund equity information:
Line#
Description
(Omit cents)
2-1
Taxes: Property
2-2 :.
Specific ownership
2-3 '.
Sales:anluse -.S
-
2-4
Other (specify):
$
2-5
Licenses and. permits
2-6
IntergovernmenGrants
$ _
2-7
Conservation Trust Funds (Lottery)
$ -
2-8
Highway Users Tax Funds (HUTF)
$
2-9
Other (specify):
2-10
Charges for services
2-11
Fines and forfeits.
2-12
Special assessments
$ --
2-13
Investment income
2.14
Charges for utility services.
$ -
2.15
Debt proceeds (should agree with line 4-3,: column 2)
$ -.
2.16
Lease, proceeds
2-17
Developer Advances received (should agree with line 4-3:)
$ 25,986
2-18
Proceeds from sale of capital assets;
2-19
Fire and police pension
2-20
Donations
$ - -:
2-21
Other (specify)
2-22
Miscellaneous
$ 2,705
2-23
_.
$
2-24
(add lines 2-1 through 2.23) TOTAL REVENUE all sources
$. 28,692:
PART 3 - EXPENDITURES
EXPENDITURES' All expenditures for ail funds must be reflected in this section, including the purchase of capital assets and principal and interest
payments on long-term debt. Financial information will not include fund equity information
line#
Description
(Omit cents)
3-1.
Administrative
5. 9;852.
3-2
Salaries
$ -
Payroll taxes
$
34
Contract services
$'
3-5
Employee benefits _..
`$.
3-6
Insurance __.
$
' 3-7
Accounting and legal fees -
$ 17,231
3-8
Repair and maintenance3-9
Supplies
3-iD
Utilities and telephone
-$ -
3-11
Fire/Police-
3-12
Streets and highways
3-13
Public health
3.14
Culture and recreation
3-15
_
Utility operations
----
3-16
Capital outlay, (shou€d agree with line 6.1, column
3-17
Debt service principal (should agree with line 4.3, column'
$:.
3-19
Debt service interest
$:
3-18
Repayment of Developer Advances (should agree with line 4-3)
3-20
Contribution to pension plan (should agree to line 7-2)
$
3-21
Contribution to Fire & Police Pension Assoc. (shouldagree to line 7-2) :
$.
3-22
Other (specify).$
-
3 -243-25
:
$ -
3-26
(add lines 3-1 through 3-25) TOTAL EXPENDITURES all categories
$. 27,083
Note: If Total. Revenue (Line '2-24) or Total Expenditures (Lino 3-26) are greater than $100.000 - STOP. You may
not use this form. Please use the "Application for Exemption from Audit - Long Form".
2
PART 4 - DEBT OUTSTANDING, ISSUED, AND RETIRED
Please answer the following quest ions by marking the appropriate boxes.
Yes .
No.
4-1
Doa5 the entity have outstanding debt? : ' _
X'
Isthe debt repayment schedule attached? If no, please explain:
x
The District's debt obligations are only payable as funds are available
:$1,i,
x n
4-2
is the entity current inits debt service payments? If no; please explain:
The District's debt obligations are only payable as funds are available
,, ?a
Retirad during
fiscal year
e tn.,
4-3
Please complete the following debt schedule,if applicable:
(please only include principal amounts)
Outstanding at
end of prior year
Issued during
fiscalsyear
General obligation bonds
Revenue bonds
Notes/Loans.
Leases
Developer Advances
$ 799,824
$ 25,986
$ .696,235
$ 129,575
Other Accrued lotarest on Developer Adv (EF)
18,594
$ '157,391
:$ 19,387'
Total:
$ 958,008
$ :44,580
$ _...853,626:
$ 148962
Please answer the following questions by marking the appropriate
boxes.
Yes
No
4-4
Does the entity have any au honz d, butunissued, debt?
x
If yes:
How much?
$ 2,318,000,000 00
„laa gqii,i
• �
,„�`s";
t x tr y.,
Date the debt was authorized:
1112/2004
4-5
It yes:
Does the en tit.. inlend to issue debt within iha next calendar ear 2013 ?
Howmuch?
IIIIIIIIall
0517111fifiatamtiiiiIiiI174I,Viiii,50filfif1.
Please answer the following questions by marking the appropriate boxes.
Yes
No
4-6
Does the enti have debt that has been refinanced that itis still rest-.nsible for?
x
If yes:
What is the amount outsiandinq? $`. -
;,r
Please answer the following questions' -by marking the appropriate boxes:
Yes
No
4-7
Does the entity have any lease agreements?
x
If yes:
What is beine leased?
What is the ontinal date of the
Number of -are of lease?
is the lea se subject to annual appropriotionT
X y'
,
" A.
siA
lap
_. .
What are the annual lease payments?
4-8
Please use this space to provide any explanations or comments:.
PART 5 - CASH AND INVESTMENTS 1'
Please provide the entity's cash deposit and Investment balances.
Amount
Total
$-1
Checking accounts
$ 5.406
, n
%`
5.2
Savings accounts
$
5.3
Certificates of deposit
$ 54 6
Total Cash Deposits
'
Investments (if investment is a mutual fund, please Iist.underlying investments):
'
5-4
5.6
$
5-6
$
57
$
$
Total Investments
y� <1k's.
Total Cash and Investments.'
. .
$: 5,406
Please answer the following question -by marking in the appropriate box
Yes
No
5-8
Are the entity's deposits in an eligible (Public Deposit Protection Act) public depository (Section 11-
10.5-101. et seq. C R.S.)? It no, please. explain:
59
Please use this space to provide any explanations or comments:
PART 6 - CAPITAL ASSETS
Please answer the following questions by marking in the appropriate boxes:.
Yes
No _
'6-1
Doesthe entity have land, buildings, and/or equipment?
x
if yes:
Has the entityperformed an annual inventory of property and equipment (capital: assets) in
accordance with Section 29-1-506, C:R.S.,? If no, please explain
Deletions
Year -End
Balance
Complete the following table;:
Balance-
beginning of the
year
Additions
Land.
Buildings
Machinery and equipment
Furniture and fixtures
Construction in Progress (CIP).
Other (explain): Infrastructure
$ 87,204.00
$, -
$ -
$ 87,204
Accumulated Depreciati
Total
g 87,204.00
$ -
$ -
'$ 67,204.40::
Please use this space to provide any explanationsor comments:
PART 7 =PENSION INFORMATION
Please answer the following questions by marking in the appropriate boxes.
Yes
Ho:
7-3
Does the entity have an "old hire" firemen's pension plan?
: x
7.2
Does the entity have a volunteer firemen's pension plan?
x.
if yes:
Who administers the plant.
Indicate the contributions from:
%-r,-c 6A
'
Tax (property. SO: sales, e₹c.):
$
State contribution amount:
$ '
Other(gifts, donations, etc.)'
$
U:
Total.
$
% ; i ett
What is themonthly benefit paid for 20 years of servicc per retiree as of Jan 1?
$
es 'di , sy5/1 , „✓,1-
7.3
Please use this space to provide any explanations or comments:
PART 8 - BUDGET INFORMATION
Please answer the following questions by marking in the appropriate boxes:
Yes
No
6•'i
Did the entity file a 2012 budget with the Department of Local Affairs? If no, please explain,Yr'
x
in
8-2
Did the enass an appropriations resolution? in no, please explain:
r
If yes:
Please indicate the amount appropriated for each fund`for 2012:.
Fund Name
-Budgeted 2012 Expenditures
General Fund
Enterprise Fund
FntPrnriSP. Fund - Front Rance
S 26 gt10
8-3
Please use this space to provide anyexplanations or comments:
I PART 9 - TAX PAYER'S BILL OF RIGHTS (TABOR)
Please answer the following question by marking in the appropriate box
Yes
_
Na
9 1
'..
is the entity in compliance with all the provisions of TABOR [State Constitution, Article X, Section .
20(5)j? I
x
Note: An election to ex ampt the goverment from the sAandmg limitations. of TABOR does not exempt the`-.
government from. the 3 percent emergency reserve requirement. All governments should determine if they me
requirement of TABOR.
this..
n�
92
Please use this space to provide any explanations or comments
PART 10 - GENERAL INFORMATION
Please answer the following questions by marking in the appropriate boxes-.
Yes No
10.1
Is this application for a newly formed governmental entity?
x
If yes:
Date of formation I
,6ii`; lii't
x
10,2
Has the entity changed its name in the past or current years
if Yes:
Please list the. NEW name & PRIOR name: -
, , ,''
r /0.7 "G,ar, f
10-3
Is the entity a: metropolitan. district? _. _..._..
10-4:
Please indicate what services the entity provides.
at i
Construction:. installation, financing, and operation of public improvements, including water, sanitary -
sewer, drainage facilities, ancillary streets, and mosquito control22
10-5-
Does the entity have an agreement with another government to provide services?
x
If yes:
List the name of the other governmental entity and the servces provided•
2
A
x
10-6
Has the district filed a Title 32, Article 1 Special District Notice of Inactive Status during the year?
(Applicable to Title 32 special districts only, pursuant to Sections 32.1-103 (9,3) and 32-1-104.;(3).
C.R-S.1
If yes:
Date: Filed
10-7
Please use this space to. provide any explanations: or comments:. _.. _..
PART 11 - GOVERNING BODY APPROVAL
niticat,on and'.approval of the governing board, By signing the board member recertifying they are a duly elected or appointed: officer or the TCeai government,
Governing beard members may be vented. Also by signing the board member certifies That the Application for Exemption from Audit has been prepared consistent with Section
29 1 604, C.R,S which states that a governmental agency with revenue and axpenditutes of 5100.000 or less must have an application prepared by a person skilled in.
governmental accounting completed to the best of their knowledge and is accurate and: true Use additionat pages it needed
Board
Member
Board
Member
2
Board
Member
3
Print the names of all :current
Joel H. Farkas
Print Board Members:Name
Toni Serra
Print Board Members Name
rJ
Print Board Members. Name
A'MAJORE
fie Jbvernin
embers must complete and sign in the column.
I Joel H, Farkas, attest l am a duly elected or appointed board member and
I have reviewed and approve the application for exemption from audit
Signed
Date:
My term Expires: May 2014
I Toni Serra, attest I a a duly elected or appointed board member and I
have revte .: d and approve the application for exemption from audit
Signed
Date: _
My term Expire
y2O14
1 John M. Todd, attest I am a duly elected or appointed board memo
have revi w d and approvh Iap lion for exemption from audit.
Signe&--" efA') VI/Li,' 46 '
Date: 3 -.21-i3
My term Expires: May 2016
nd I
Board
Member
4
.'.Print Board Members Name
I Jean M. Gold, attest lam a duly elected or appointed board member and I
have reviewed and approve the application for exemption from audit.
Signed
Date:
My term Expires: May 2O16
David Foster
Print Board Members- No
I David Foster, attes
have rev wed a1 d a
Signed
Date: Z7
My term Expires:
y
016
elected or appointed board member and I
plication for exemption from audit:,
CFftonLarsonAtlen
Accountant's Compilation Report
Board of.Directors
Resolute Colorado Water:&:Sanitation Mi tropolitan Distrir`t
Weld.County, Colorado' .
CliftonlarsonAuen LER
..1*.tcli toniarsonallen c
We have compiled the Application for Exemption from Audit of Resource:::Colorado Water & Sanitation
Metropolitan District as of and for the year':el ded December 31, 2012, included in the accompanying
prescribed form. Our compilation is limited to presenting, in the form prescribed by the Colorado State
Auditor's Office, information that is the representation of management. We have not audited or reviewed
the accompanying Application for Exemption from Audit and, accordingly, do not express an opinion or
provide any assurance about whether the Application for Exemption from Audit is. in- accordance with
accounting principles generally accepted in the United States of America.
Management is responsible for the preparation and fair presentation of the Application for Exemption from
Audit in accordance with. accounting principles generally accepted in the United States of America, arid for
designing, implementing and maintaining internal control relevant to the preparation and fair presentation
of the .Application .for Exemption:fxom Audit.
Our responsibility is to conduct the compilation of the Application for Exemption`from Audit in accordance
with Statements on: Standards for Accounting and Review Services issued by the American Institute of
Certified Public Accountants. The objective of a compilation is to assist management in.presenting financial
information. Within the Application for Exemption frorti Audit without undertaking to obtain or provide any
:assurance that there are no material modifications that:Should be made to the Application for Exemption
from Audit.
The Application for Exernptiori from Audiit`is:presented in accordance witit=the requirerne€►ts:of the Colorado
State Auditor's Office, which differ from accounting principles generally.. accepted in the .United:States of
America. This report is Intended Solely-fortheinformation and use of the Colorado State Auditor's office
and is not intended to be and: should not be used by anyone other than this specified•party.
We are not independent with respect to Resource Colorado Water 8c Sanitation- Metropolitan Distoct..
e2el.idttnta�-
Greenwood Village; -Colorado
Match 1,.20.13 .
MEMORANDUM
moo:- -Weld County, CO
From: McGeady Sisneros, PC
Date: July 17, 2013
Re: Resource Colorado Water and Sanitation Metropolitan District
Election Authorization as of 12/31/12
Principal Amount`
of Authorized - ;
Debt
Principal
Amount of
Authorization
Used
Principal Amount
of Authorization .-
Remaining
Purpose - Improvments
5A
Streets
$324,000,000.00
$0.00
$324,000,000.00
5B
Water Supply System
$324,000,000.00
$0.00
$324,000,000.00
5C
Sanitary Sewer System
$324,000,000.00
$0.00
$324,000,000.00
5D
Mosquito Control
$324,000,000.00
$0.00
$324,000,000.00
Purpose - Other Authorizations
5E
Refimding of District debt or other
obligations
$324,000,000.00
$0.00
$324,000,000.00
5F
IGAs that are MFY obligations;
payable from unlimited ad valorem
property tax levy
$324,000,000.00
$0.00
$324,000,000.00
5G
Operating Expenses and
Reimbursement of Operating
Advances to the District
$50,000,000.00
$0.00
$50,000,000.00
5H
IGAs that are MFY obligations;
payable from unlimited ad valorem
property tax levy
$324,000,000.00
$0.00
$324,000,000.00
51
IGAs for Regional Improvements
that are MFY obligations
Allowed
5J
Authority to Collect/Spend Facilities
Fees, charges, tap fees
Allowed
Note: IGA = Intergovernmental Agreement; MFY = Multiple Fiscal Year
Debt: All authorized debt is in the form of revenue bonds or other obligations of the District including
but not 'Mated to contracts, leases and other agreements, except as otherwise noted.
Hello