HomeMy WebLinkAbout20132370.tiffMcGEADY SISNEROS
August 14, 2013
VIA EMAIL
Ms. Esther Gesick
Clerk to the Weld County BOCC
P.O. Box 758
Greeley, CO 80632
M`Geady Sisneros P.C.
450 E. 17th Avenue, Suite 400
Denver, Colorado 80203-1214
303.592.4380 tel 303.592.4385 fax
www.mcgeadysisneros.com
Re: Resource Colorado Water and Sanitation Metropolitan District
Dear Ms. Gesick:
Enclosed please find a courtesy copy of the 2012 Annual Report To Southern Weld Advisory
Board regarding the above -captioned District.
If you have any questions, please contact me. Thank you.
Very truly yours,
MCGEADY SISNEROS, P.C.
H
eill
Jennifer S. Henry
Paralegal
cc: Board of Directors -Resource Colorado (via email only)
Jason Carroll, CliftonLarsonAllen, LLP (via email only)
Lisa Johnson and Karen Steggs, Special District Management Services, Inc. (via email only)
WM cal s
(00280323.DOC v:1 } r.Q (h/ (3
2013-2370
s -PD P -a
RESOURCE COLORADO
WATER AND SANITATION METROPOLITAN DISTRICT
2012 ANNUAL REPORT TO
SOUTHERN WELD ADVISORY BOARD
Pursuant to Section II.C of the Service Plan as approved by the Board of County
Commissioners of Weld County, Colorado on August 25, 2004, the Resource Colorado Water
and Sanitation Metropolitan District ("District") is required to provide, on an annual basis, the
following report to the Southern Weld Advisory Board. Additional questions regarding the
information set forth in this report may be directed to the office of the District Manager,
Resource Colorado Water and Sanitation Metropolitan District, 141 Union Blvd., Lakewood, CO
80228, (303) 987-0835, during regular business hours and pursuant to the Rules and Regulations
adopted by the District. All information provided in this summary is through December 31,
2012.
1. Capital Improvement Progress Report.
(a) Summary of Description and Mapping of Completed Improvements from
Date of Organization through December 31 of the Year Prior to the Year of the Report.
No improvements were completed as of December 31, 2012. Please see response
in 1(b) below.
(b) Summary of Description and Drawing of Improvements Proposed to be
Constructed within 36 Months of January 1 of the Year of the Report ("Three Year CIP Plan").
A Three Year CIP Plan was not prepared by the District as of December 31, 2012,
as preliminary planning and engineering was not completed as of year-end. Since its
organization in 2004 through December 31, 2012, the District has been focusing on planning,
engineering, administrative and legal matters related to the provision of water and wastewater
improvements and services to service providers in Weld County. Among the proposed service
providers that the District is expected to service are the Pioneer Regional Metropolitan District
and Pioneer Metropolitan Districts Nos.I — 6 (collectively, the "Pioneer Districts"). The Service
Plans for the Pioneer Districts were approved by Weld County on February 6, 2006.
The utility plan and application for site location for the wastewater treatment
facility that was submitted to the North Front Range Water Quality Planning Association (the
"Association") on November 16, 2006, received conditional approval of the Association on April
26, 2007. No further activities regarding the wastewater treatment facilities were undertaken by
the District as of December 31, 2012.
With respect to water service, in February of 2006, the District filed in Water
Division No. 1, an application for determination of rights to ground water in the not nontributary
Arapahoe Aquifer underlying approximately 650 acres and in the nontributary Larmie-Fox Hills
Aquifer underlying approximately 5,668 acres, which acreages overlap. A decree granting the
application was entered on December 29, 2006 entitling the District to withdraw 5.7 acre feet per
year from the not nontributary Arapahoe Aquifer and 1,281.9 acre feet per year from the
(00258299.DOC v: I }W:\Clients\667\ServiceP\00258299.DOC
nontributary Laramie -Fox Hills Aquifer subject to the terms of the decree. The District no
longer is the applicant nor has any interest in the above -referenced water rights as of
approximately August, 2010.
With respect to providing service to other service providers, the District
completed the sale of Well 31652FP and associated water rights to the Town of Keenesburg
("Town") on July 26, 2006. The District entered into an intergovernmental agreement with the
Town on December 7, 2006 regarding joint use and cost sharing for the pipeline and related
facilities servicing said well. See Exhibit D herein for a complete listing of the agreements
associated with this transaction.
The District anticipates preparing the Three Year CIP Plan in conjunction with an
overall feasibility study and comprehensive plan for water and wastewater services. The District
anticipates that the Three Year CIP Plan may be available in 2014.
(c) Summary of Infrastructure Phasing and Schedules of Improvements
Described in Three Year CIP Plan.
Please see response in 1(b) above.
2. District Financial Reporting.
(a) Annual Budget for Year of Report. See Exhibit A attached hereto.
(b) Annual Audit of Financial Statements for the Fiscal Year Ending
December 31 of the Year Prior to the Year of the Report. The District filed an application for
exemption from audit for the year ended December 31, 2012, a copy of which is attached hereto
as Exhibit B.
(c) Summary of Total Debt Outstanding and Remaining Amounts of
Authorized but Unissued Debt Authorization. See Exhibit C attached hereto.
3. Operations Reporting.
(a) Current Rules and Regulations. The District's current Rules and
Regulations were submitted with the 2007 Annual Report and an Amendment submitted with the
2009 Annual Report.
(b) Changes to District's Taxing Boundary or Service Area Boundary, as such
Terms are Defined in District's Service Plan. There have been no changes to the District's
Taxing Boundary or Service Area Boundary during 2012.
(c) Copies of Executed Intergovernmental Agreements. See Exhibit D
attached hereto.
{ 00258299. DOC v:I )
(d) Names and Terms of Board Members and Contact Information.
Jean Gold, Assistant Secretary
7882 Sweet Water Road
Lone Tree, CO 80124
Term expires: 2016
David Foster, Assistant Secretary
360 S. Garfield St., 6th Floor
Denver, CO 80209
Term expires: 2016
John "Mick" Todd, Secretary
2313 17th St.
Greeley, CO 80634
Telephone: (970) 352-4980
Term expires: 2016
Toni L. Serra, Treasurer
Gateway American Resources
9033 E. Easter Ave., Suite 112
Centennial, CO 80112
Telephone: (720) 362-5995
Fax: (720)362-7116
Term expires: 2014
Joel H. Farkas, President
Gateway American Resources
9033 E. Easter Ave., Suite 112
Centennial, CO 80112
Telephone: (720) 362-5995
Fax: (720)362-7116
Term expires: 2014
(e) Schedule and Locations of Regular Board Meetings.
Meeting are scheduled as needed.
(f) Summary of any Outstanding Litigation. The District has filed an
Application for approval of a plan for augmentation in Case No. 06CW256, Water Division No.
1 as described in Section 1(b) herein, which case was dismissed as of September 20, 2010.
{00258299.DOC v:I )
Respectfully submitted this ) day of
Attest:
Secretary
{00258299.DOC v:1 j
11' , 2013.
RESOURCE COLORADO WATER AND
SANITATJJON METROPOLITAN
DIST
By:
Respectfully submitted this r i day of
RESOURCE COLORADO WATER AND
SANITATION METROPOLITAN
DISTRICT
By:
{00258299.DOC v:1 }
President
EXHIBIT A
2012 Budget
(00258299.DOC vll }
A-1
CERTIFICATION OF BUDGET
TO: THE DIVISION OF LOCAL GOVERNMENT
This is to certify that the budget, attached hereto, is a true and accurate copy of the
budget for Resource Colorado Water and Sanitation Metropolitan District, for the budget year
ending December 31, 2012 as adopted on November 1, 2011.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of Resource
Colorado Water and Sanitation Metropolitan District in Weld County, Colorado, this 1st day of
November. 2011.
By:
om rss'
CliftonLarsonAlten
Accountant's Compilation Report
Board of Directors
Resource Colorado Water and Sanitation Metropolitan District
Weld County, Colorado
CliftonLarsonAlien LLP
www.cliftonlarsonalten.com
We have compiled the accompanying forecasted budget of revenues, expenditures, and fund balance/fiords
available of the Resource Colorado Water and Sanitation Metropolitan District for the General and Enterprise
Funds for the year ending December 31, 2012, including the forecasted estimate of comparative information
for the year ending December 31, 201 I, in accordance with attestation standards established by the American
Institute of Certified Public Accountants. A compilation is limited to presenting, in the form of a forecast,
information that is the representation of management and does not include evaluation of the support for the
assumptions underlying the forecast. We have not audited or reviewed the forecast and, accordingly, do not
express an opinion or any other form of assurance about whether the accompanying budget of revenues,
expenditures and fund balances or assumptions arc in accordance with attestation standards generally
accepted in the United States of America. Furthermore, there will usually be differences between the
forecasted and actual results because events and circumstances frequently do not occur as expected, and those
differences may be material. We have no responsibility to update this report for events and circumstances
occurring after the date of this report.
Management is responsible for the preparation and fair presentation of the forecast in accordance with
attestation standards generally accepted in the United States of America, and for designing, implementing and
maintaining internal control relevant to the preparation and fair presentation of the forecast.
The actual historical information for the year 2010 is presented for comparative purposes only: Such
information is taken from the Application for Exemption from Audit of the District for the year ended
December 31, 2010.
Management has elected to omit the summary of significant accounting policies required by the guidelines for
presentation of a forecast established by the American Institute of Certified Public Accountants. if the omitted
disclosures were included in the forecast, they might influence the user's conclusions about the District's
results of operations for the forecasted periods. Accordingly. this forecast is not designed for those who arc
not informed about such matters.
We are not independent with respect to Resource Colorado Water and Sanitation Metropolitan District.
Greenwood Village, Colorado
January 16, 2012
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
SUMMARY
FORECASTED 2012 BUDGET AS ADOPTED
WITH 2010 ACTUAL AND 2011 ESTIMATED
For the Years Ended and Ending December 31,
1/1612012
ACTUAL
ESTIMATED
ADOPTED
2010
2011
2012
BEGINNING FUND BALANCES
REVENUES
I Developer advance
2 Other income
3 Goodwill
Total revenues
TRANSFERS IN
Total funds available
EXPENDITURES
General and administration
4 Accounting.
5 District management
6 Election
7 Insurance
8 Legal
9 Miscellaneous
Total expenditures
TRANSFERS OUT
Total expenditures and transfers out
requiring appropriation
ENDING FUND BALANCES
$ (97,058) $ (11.932) $ 206
85,242 32,508 26,694
30
79,426
164,668 32.538 26,694
83.342 206
150.952 20,606 27.106
4,654 6.000 6,000
10,923 8, }00 8,400
1,775 500
1,575 60.226 6.000 12.000
389 -
79,542 20,400 26,900
83,342 206
162,884 20,400 27,106
S (11,932) $ 206 S
This financial information should be read only in connection with the accompanying
accountant's compilation report and summary of significant assumptions.
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
PROPERTY TAX SUMMARY INFORMATION
For the Years Ended and Ending December 31,
1/16/2012
ASSESSED VALUATION - WELD
Agricultural
Certified Assessed Value
MILL LEVY
GENERAI. FUND
Total Mill Levy
ACTUAL.
2010
ESTIMATED
2011
ADOPTED
2012
5 15,800 $ 2,660 $
5 15,800 $ 2,660 $
PROPERTY TAXES
GENERAL FUND S
Levied property taxes
Budgeted Property Taxes
-
- S
$ - S
-s
BUDGETED PROPERTY TAXES
GENERAL FUND $ - $ - S
$
- $ - S
This financial information should be read only in connection with the accompanying
accountant's compilation report and summary of significant assumptions.
3
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
GENERAL FUND
FORECASTED 2012 BUDGET AS ADOPTED
WITH 2010 ACTUAL AND 2011 ESTIMATED
For the Years Ended and Ending December 31,
1/16/2012
rACTUAL
2010 I
ESTIMATED0
2011
ADOPTED
2012 1
BEGINNING FUND BALANCES
REVENUES
I Developer advance
2 Other income
3 Goodwill
Total revenues
TRANSFERS IN
ENTERPRISE FUND - FRONT RANGE
$ (70,154) S 176 $ 206
1,900
30
53,793
55,693 30
56,383
Total transfers in 56,383
Total funds available
EXPENDITURES
General and administration
4 Accounting
5 District management
6 Election
7 Insurance
8 Legal
9 Miscellaneous
41 922 206
206
2,654
7,423
1,775
1,575
27,980
339
Total expenditures 41,746
TRANSFERS OUT
ENTERPRISE FUND - FRONT RANGE - 206
Total transfers out 206
Total expenditures and transfers out
requiring appropriation
ENDING FUND BALANCES
41,746 206
S 176 $ 206
This financial information should be read only in connection with the accompanying
accountant's compilation report and summary of significant assumptions.
4
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
ENTERPRISE FUND
FORECASTED 2012 BUDGET AS ADOPTED
WITH 2010 ACTUAL AND 2011 ESTIMATED
For the Years Ended and Ending December 31,
1/16/2012
ACTUAL
TESTIMATED
ADOPTED
2010
9 2011
2012
BEGINNING FUNDS AVAILABLE $ (26,904) S
REVENUES
I Goodwill
25,633
S
Total revenues 25,633
TRANSFERS IN
ENTERPRISE FUND - FRONT RANGE 26,959
Total transfers in 26,959
Total funds available 25,688
EXPENDITURES
General and administration
2 Legal
25,688
Total expenditures 25,688
Total expenditures and transfers out
requiring appropriation 25,688
ENDING FUNDS AVAILABLE
- S
This financial information should be read only in connection with the accompanying
accountant's compilation report and summary of significant assumptions.
5
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
ENTERPRISE FUND - FRONT RANGE
FORECASTED 2012 BUDGET AS ADOPTED
WITH 2010 ACTUAL AND 2011 ESTIMATED
For the Years Ended and Ending December 31,
1/16/2012
!ACTUAL
__ .. 2010 J
I ESTIMATED
201 i _
II ADOPTED ��
2012
BEGINNING FUNDS AVAILABLE
REVENUES
I Developer advance
Total revenues
TRANSFERS IN
GENERAL FUND
Total transfers in
Total hinds available
EXPENDITURES
General and administration
2 Accounting
3 District management
4 Election
5 Legal
6 Miscellaneous
Total expenditures
TRANSFERS OUT
GENERAL FUND
ENTERPRISE FUND
S
(12,108) S
83,342 32,508 26,694
83,342 32,508 26,694
206
206
83,342 20,400 26,900
2,000 6,000 6,000
3,500 8,400 8,400
500
6,558 6,000 12,000
50
12.108 20,400 26,900
56;383
26,959
Total transfers out 83,342
Total expenditures and transfers out
requiring appropriation
ENDING FUNDS AVAILABLE
95,450 20,400 26,900
S (12,108) $ - $
This financial information should be read only in connection with the accompanying
accountant's compilation report and summary of significant assumptions.
6
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
2012 BUDGET
SUMMARY OF SIGNIFICANT ASSUMPTIONS
Services Provided
The District was organized to provide construction, installation, financing and operation of public
improvements, including water and sanitary sewer. The District's service area is located entirely
within Weld County, Colorado.
The District was formed by Court Order on November 16, 2004, with its formation election held on
November 2, 2004.
The District prepares its budget on the modified accrual basis of accounting.
Revenue
Developer Advance
The District is in the development stage. As such, the operating, administrative and capital
expenditures for 2012 arc to be funded by the Developer. Developer advances are recorded as
revenue for budget purposes with an obligation for future repayment when the District is financially
able to reimburse the Developer from bond proceeds and other available revenue. Additionally,
developer advances arc required to eliminate previous fund balance deficits.
Expenditures
Administrative Expenditures
Administrative and operating expenditures include the estimated services necessary to maintain the
District's administrative viability such as legal, management, accounting, insurance, banking and
meeting expense.
Debt and Leases
The District has no outstanding debt or any operating or capital leases.
Reserve
Emergency Reserve
The District has provided for an emergency reserve fund equal to at least 3% of fiscal year spending
for 2012, as defined under TABOR. The emergency reserve amount is zero due to the fact that none
of the District's revenue sources arc subject to the requirements of TABOR.
This information is an integral part of the accompanying forecasted budget.
Page 7
PDF 265633
`T.
CliftontiarsonAllen
Accountant's Compilation Report
Board of Directors
Resource Colorado Water & Sanitation Metropolitan District
Weld County, Colorado
CiiftonLarsonAiten LLP
www.cliftonlarsonallen com
We have compiled the Application for Exemption from Audit of Resource Colorado Water & Sanitation
Metropolitan District as of and for the year ended December 31, 2O12, 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, and for
designing, implementing and maintaining internal control relevant to the preparation and fair presentation
of the Application for Exemption from 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 from 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 Exemption from Audit is presented in accordance with the requirements 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 for the information 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 & Sanitation Metropolitan District.
Greenwood Village, Colorado
March 1, 2O13
APPLICATION FOR
I
EXEMPTION FROM AUDIT - SHORT FORM - FOR GOVERNMENTS
WITH
REVENUES AND EXPENDITURES OF $100,000 OR LESS
Name of Government
Resource Colorado Water 8. Sanitation Metro District
For the Fiscal Year
Ended December 31, 2012
or fiscal year ended:
Address;
8390 E. Crescent Parkway
Suite 600
Greenwood Village, CO 80111
Contact Person:
Jason Carroll
Telephone:
303-779.5710
Email:
Ja •o, arroli a�7CliftonLars,cgatien,FQm
Fax:
720-482-6668
Return to: Office of the
Locat Government
225 E. 16th Ave..
Denver, CO
Fax: 303-866-4062
Email: OSA.LG@stale.co.us
Call (303) 866-3338
Section 29.1-604, C.R.S., outlines
neither revenues nor expenditures
If either revenues or expenditures
form. Please use the LONG FORM
individually, use this short form
Ins ructions:
State Auditor
Audit Division
Suite 555
80203
if you need help completing this form
the provisions for an exemption from
exceed $500,000 in any fiscal year
are $100,000 or greater, but not more
of this application. If both revenues and
application for exemption from audit.
Please review ALL instructions prior to
and accurately. Please note that there
application to be considered complete.
of the State Auditor within 3 months after
31, the form must be received by the
PLEASE READ THE
ABOVE INSTRUCTIONS
BEFORE SUBMITTING
audit. Generally, any local government for which
may qualify for an exemption.
than 5500,000, you may NOT use this
expenditures are less than 5100,000
the completion of this form.
are 11 parts to this form, and all questions
the end of the fiscal year.
Office of the State Auditor by March 31,
of the governing body as evidenced by one of
or mailed.
NOT be accepted.
it to be accepted.
arers discretion,
1. Prepare this form completely
must be answered for the
2. File 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 emailed, faxed,
must be mailed. Email or fax will
application that is submitted in order for
be attached to the exem tion at the re
4. The application must be personally
the following methods:
a. Resolution of the governing
b. Original signatures - application
5. The preparer must sign the
6. Additional information my
CERTIFICATION OF PREPARER
1 certify that I am skilled in governmental accounting and that the information in the application is complete and accurate, to the best of my
Name.
Jason Carroll
Title:
Accountant for the District
Firm Name (if applicable):
ClittonLarsonAllen LLP
Address
8390 E. Crescent Parkway.. Suite 600, Greenwood Village. CO 80111
Telephone Number:
303-779-5710
Date Prepared'
3/1/2013
Preparer Signature (Required): The application will be rejected if not signed by the preparer.
SEE ACCOUNTANT'S COMPILATION REPORT
Please indicate whether the following financial information is
recorded using Governmental or Proprietary fund types
Governmental
Proprietary
x
1
PART 2 - REVENUE
REVENUE: All revenues for an funds must be reflected in this section. including proceeds from the sale of the government's 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 and use
$
-
2.4
Other (specify):
$
-
2-5
Licenses and permits
$
-
2-6
Intergovemmen Grants
$
-
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
$
1
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
E:CPEN0i1bRES: All expenditures for at funds musthie 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
$
9,852
3-2
Salaries
$
-
3-3
Payroll taxes
$
-
3-4
Contract services
$
-
3-5
Employee benefits
$
-
3-6
Insurance
$
-
' 3-7
Accounting and legal fees
$
17.231
3-8
Repair and maintenance
$
-
3-9
Supplies
$
-
3-10
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 (should agree with line 6-1, column
$
-
3-17
Debt service princioai (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. (should agree to line 7-2)
$
•
3-22
Other (specify);
$
3-24
$
'
3-25
$
•
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 (Line 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 questions by marking the appropriate boxes.
Yes
No
4.1
Does the entity have outstanding debt?
x
Is the debt repayment schedule attached? If no. please ekplaln:
x
The District's debt obligations are only payable as funds are available
r _x'k,,, •,
sF7
rt
.� s
4-2
Is the entity current in Its debt service payments? If no, ptease explain:
x
The District's debt obligations are only payable as funds are available
: r :
,.
;rr
• Y
43
Please complete the following debt schedule, if applicable:
(please only include principal amounts)
Outstanding at
end of prior year
Issued during
fiscal year
Retired during
fiscal year
Outstanding at
fiscal year-end
General obligation bonds
$ -
$ -
$ -
$ -
Revenue bonds
$ -
$ -
$ -
$ -
Notes/Loans
$ -
$ -
$
-
Leases
$ -
$ -
$ -
$ -
Developer Advances
$ 799,824
$ 25.986
$ 696,235
$ 129.575
Other: Accrued interest on Developer Adv (EF)
$ 158,184
$ 18,594
$ 157.391
$ 19,387
Total:
$ 958,008
$ 44.580
$ 853,626
$ 148.962
Please answer the following questions by marking the appropriate
boxes.
Yes
No
4-4
Does the enat have an authorized, but unissued, debt?
x
If yes:
Now much?
$ 2,318.000.000 00
1 Y d 1 �A
Date the debt was authorized: -
1177@004
c
4 :
r` c x ,,;;
4-5
Does the entity intend to issue debt within the next calendar year 2013)?
x
If yes:
How much? $
n..,y,..:''' 'Viiizi
Please answer the following questions by marking the appropriate boxes.
Yes
No
4-6
Does the entity have debt that has been refinanced that it is still responsible for?
x
If yes:
What is the amount outstanding? 1 $
Sa.Ma-
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 being leased?
,
. s.Sir
•. .. ,.1,..,
What is the original date of the
E`
Number of years of lease?
ti14
Is the lease subject to annual appropriation?
What are the annual lease payments? $ -
tu���;cvf��x
4-8
Please use this space to provide any explanations or comments:
PART 5 -CASH AND INVESTMENTS
Please provide the entity's cash deposit and investment balances.
Amount
Total
5-1
Checking accounts
$ 5,406
5.2
Sevin s accounts
$
k
53
Certificates of deposit
$
°
a.-
Total Cash Deposits
.t4$
5,406
Investments (if Investment is a mutual fund. please list underlying investments):
5-5
$
54
$ -
5-7
$ -
.. ...::.
..$.
Total Investments
z.f
-
Total Cash and Investments
`� F* r
$ 5,406.
Please answer the following question by marking in the appropriate box
Yes
No
54
Are the entity's deposits in an eligible (Public Deposit Protection Act) public depository (Section 11-
10.5-101, et seq. C.R.S.)? If no, please explain:
x
5.9
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
Does the entity have land, buildings, and/or equipment?
x
If yes-
Has the entity performed an annual Inventory of property and equipment (capital assets) in
accordance with Section 29-1.505, C.R.S.,? If no. please explain:
x
Complete the following table:
Balance •
beginning of the
year
Additions
Deletions
Year -End
Balance
Balance
Land
$ -
$ -
$ -
$ -
Buildings
$ •
$ -
$ -
$
Machinery and equipment
$
$ -
$ -
$
Furniture and fixtures
$ -
$ -
$ -
$
Construction In Progress (GIP)
$ -
$ -
$ •
$ -
Other (explain): Infrastructure
$ 87,204.00
$ -
$ -
$ 87.204
Accumulated Depreciation
$
$ -
$ -
$ -
Total
$ 87,204.00
$ -
$ -
$ 87,204.00
6-2
Please use this space to provide any explanations or comments:
PART 7 - PENSION INFORMATION
Please answer the following questions by marking in the appropriate boxes.
Yes
No
7-1
Does the entity have an "old hire" firemen's pension plan?
x
7-2
Does the entity have a volunteer firemen'spension plan?
x
If yes:
Who administers the plan? 1
Indicate the contributions from:
Tax (property. SO. sales, etc.):
$ -
State contribution amount:
$ -
Other (gifts. donations. etc.):
$ -
What is the monthly benefit paid for 20 years of service per retiree as of Jan 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
6-1
Did the entity file a 2012 budget with the Department of Local Affairs? If no, please explain:
x
Q-
8-2
Did the entity pass an appropriations resolution? In no, please explain:
x
`Y,
a. ..
-
a
d yes:
Please indicate the amount appropriated for each fund for 2012:
Fund Name
Budgeted 2012 E • enditures
General Fund
$
Enterprise Fund
$
.c'
Fntrmrine Fund - Front Renne
$ 2@Ano on
8-3
Please use this space to provide any explanations or comments:
' PART 9 - TAX PAYER'S BILL OF RIGHTS (TABOR)
Please answer the following question by marking in the appropriate box
Yes
No
9-1
Is the entity in compliance with all the provisions of TABOR )State Constitution, Article X, Section
20(5)]? I
x
Note: An election to exempt the government froth the spending limitations of TABOR does not exempt the
government from the 3 percent emergency reserve requirement. All governments should determine if they meet this
requirement of TABOR.
•" "
9-2
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
10-2
Has the entity changed its name in the pastor current year?
x
If Yes:
Please list the NEW name & PRIOR name:
10.3
Is the entity a metropolitan district?
10-4
Please indicate what services the entity provides:.
Construction, installation, financing, and operation of public improvements, including water, sanitary
sewer, drainage facilities, ancillary streets, and mosquito control
10.5
Does the entity have an agreement with another government to provide services?
xp
If es:
List the nameof the other +overnmental ens and the services .rovided:
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.]
x
If yes:
Date Filed:[
�:
��.. Are
10-7
Please use this space to provide any exolanations or comments:
5
L PART 11 - GOVERNING BODY APPROVAL.
Below Is the ceib'rca:ion and approval of too governing board By sign a board member is certitying they are a duly elected or appointed officer of the local government
Governing warn members may be verified Also by signing. the board member certifies that this 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 expenditures of $100.000 or less must have an application prepared by a person skilled in
governmental aerr inting. completed to the best of their knowledge and is accurate and true Use adduttonal pages it needed
Print the names of ell current
A MAJORITY of the governing board members must complete and sign in the column
I
Board
Member
1
Joel H. Farkas
I Joe! H. Farkas, attest I am a duly elected or appointed board member and
I have reviewed and approve the application for exemption from audit.
Signed
Print Board Members Name
Date:
My term Expires: May 2014
Board
Member
2
Toni Serra
I Toni Serra, attest I a a duly elected or appointed board member and I
have review d and app ove the application for exemption from audit.
Signedi\(iy-i U L&.a }
Print Board Members Name
Date: LL .
_____¶:2-f
My term Expires: May 2014
Board
Member
3
- Jc.i-• M . de Id
I John M. Todd, attest I am a duly elected or appointed board member and I
have rrevi w d and approve th aped_ • tion for exemption from audit.
SigneB— e't /ln v �
Print Board Members Name
Date: -3JJJ ,2.'. - i 3
My term Expires: May 2016
Board
Member
4
7oi,a 1K �oAcl
I Jean M. Gold, attest I am a duly elected or appointed board member and I
have reviewed and approve the application for exemption from audit.
Signed
Print Board Members Name
Date:
My term Expires: May 2016
Board
Member
5
David Foster
I David Foster, attest I am a d
have rev. wed a ,d ap rove t e
Signed
elected or appointed board member and I
piication for exemption from audit.
Print Board Members Name
Date:
My term Expires: May 2016
6
EXHIBIT C
Summary of Debt and Debt Authorization
To: Weld County, CO
From: McGeady Sisneros, PC
Date: July, 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 - Improvements
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
Improvements Total
$1,296,000,000.00
$0.00
$1,296,000,000.00
Purpose - Other
Authorizations
5E
Refunding 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 limited to contracts, leases and other agreements, except as otherwise noted.
Date of Last Debt Election: May 2, 2010
t00258299.DOC v:I )
C-1
EXHIBIT D
Intergovernmental Agreements
Intergovernmental Agreement with the Lost Creek Ground Water Management District
(07/10/05); describes the agreement for funding a USGS study and the sharing of the information
derived from the study. A copy of this agreement previously provided with the 2006 Annual
Report.
Agreement with the Town of Keenesburg ("Town") (4/25/06); sets forth the terms and
conditions of the purchase of the water right associated with Well Permit No. 31652 -FP by the
Town from the District. A copy of this agreement previously provided with the 2006 Annual
Report.
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. A copy of this agreement previously provided
with the 2006 Annual Report.
Easement Deed (7/26/06); grants an easement to the Town for access to the Tank Site. A copy of
this agreement previously provided with the 2006 Annual Report.
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. A copy of this agreement previously provided with the 2006 Annual Report.
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, subject to a certain reservation. A copy of this
agreement previously provided with the 2006 Annual Report.
Letter of Agreement (12/7/06); sets forth the understanding of the Town and the District with
regard to the well water transmission line being installed by the Town from Well No. 31652 -FP
to the Town's water system and a proposed water storage tank site. (All rights associated with
paragraph 4 of the agreement assigned to Pioneer Regional Water Activity Enterprise.) A copy
of this agreement previously provided with the 2010 Annual Report.
Intergovernmental Agreement (dated 6/22/07, effective 7/11/07); sets forth the obligations of the
Town and the District with regard to the funding of a feasibility study regarding the joint use of
the Keenesburg facility to provide service to Pioneer Regional Metropolitan District and Pioneer
Metropolitan District Nos. 1-6 to serve Pioneer Communities Phase I. A copy of this agreement
previously provided with the 2010 Annual Report.
Intergovernmental Agreement Regarding Assignment of Reimbursement Obligations and
Consent to Construction (dated April 19, 2012) by and between the District, Pioneer
Metropolitan District No. 3, the District acting by and through Resource Colorado Water and
Sanitation District GAR Water Activity Enterprise No. 1 and the District acting by and through
Resource Colorado Water and Sanitation District Water Activity Enterprise (the "Agreement");
sets forth the assignment of Reimbursement Obligations (as defined in the Agreement) to
Pioneer Metropolitan District No. 3 and the terms of consent to construction.
t00258299.DOC v:1 ) D-1
Memorandum of Understanding (dated November 1, 2012) by and between the District and
Pioneer Regional Metropolitan District ("MOU"); sets forth the understanding between the
parties regarding the District's funding of the Resource Shortfall (as defined in the MOU).
{00258299.DOC v: I
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