HomeMy WebLinkAbout20122070.tiff ANNUAL REPORT WELD COUNTY
t,OMM;SSIONERS
(Year Ending December 31, 2011) 2011 JUL 30 A II: 08
RESOURCE COLORADO WATER AND SANITATION METROPOLI&tj'i P��T IC.T
(THE "DISTRICT") hhCC tt YY �r UU
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
2011.
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, 2012 is attached. In
addition, on April 19, 2012, the District and Pioneer Metropolitan District No. 3 entered
into an Intergovernmental Agreement Regarding Assignment of Reimbursement
Obligations and Consent to Construction.
C. Changes in the District's rules and regulations
The District did not amend its rules and regulations in 2011.
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 2011.
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,
2011 is attached hereto.
G. Summary of total debt authorized, issued and outstanding
See attached summary.
2012-2070
Carlin W I/ /7°24
g- is Soo\aa
RESOURCE COLORADO WATER AND SANITATION
METROPOLITAN DISTRICT
141 Union Boulevard,Suite 150
Lakewood,Colorado 80228-1898
Tel:303-987-0835 • 800-741-3254
Fax:(303)987-2032
February 1, 2012
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:
In accordance with Section 29-1-205,C.R.S.,we are hereby providing you with the listing of
political subdivisions having entered into a contract with the above-referenced District,the nature of
the contract, and the expiration date of the contract:
Lost Creek Ground Water Management District
Intergovernmental Agreement (07/10/05); describes the agreement for funding a USGS
study and the sharing of the information derived from the study.
Term: Indefinite 05304104
Town of Keenesburg
Agreement(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.
Term: Indefinite 05304100 TAB 18
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
{00162357.DOC / 21
Division of Local Government
February 1, 2012
Page 2
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.
Term: Indefinite 05304100 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 contact me.
Sincerely,
RESOURCE COLORADO WATER AND SANITATION
METROPOLITAN DISTRICT
MidlY
Lis . Jo son
istrict Manager
cc: McGeady Sisneros, P.C. —Jennifer Henry
;00182357.DOC / 2)
APPLICATION FOR EXEMPTION FROM AUDIT -SHORT FORM - FOR GOVERNMENTS WITH
REVENUES AND EXPENDITURES OF $100,000 OR LESS
Name of Government: Resource Colorado Water&Sanitation Metro District For the Fiscal Year
Address: 8390 E. Crescent Parkway Ended December 31,2011
Suite 600 or fiscal year ended:
Greenwood Village, CO 80111
Contact Person: Jason Carroll
Telephone: 303-779-5710 Email: Jason.Carroll@CliftonLarsonAllen.com
Fax: 720-482-6668
Return to: Office of the State Auditor
Local Government Audit Division
225 E. 16th Ave., Suite 555 PLEASE READ THE ABOVE INSTRUCTIONS
Denver,CO 80203 BEFORE SUBMITTING THE COMPLETED
Fax:303-866-4062 APPLICATION
Email: OSA.LG@state.co.us
Call (303)866-3338 if you need help completing this form.
Section 29-1-604, C.R.S., outlines the provisions for an exemption from audit. Generally, any local government for which
neither revenues nor expenditures exceed $500,000 in any fiscal year may qualify for an exemption.
If either revenues or expenditures are$100,000 or greater, but not more than$500,000, you may NOT use this
form. Please use the LONG FORM of this application. If both revenues and expenditures are less than $100,000
individually, use this short form application for exemption from audit.
a- ;� - .. 5 -__
'Please&revtew ALLlnstructio≥ns prior tp the completion of this form. x
Instructions:
1. Prepare this form completely and accurately. Please note that there are 11 parts to this form, and all questions
must be answered for the application to be considered complete.
2. File this form with the Office of the State Auditor within 3 months after the end of the fiscal year.
For years ended December 31,the form must be received by the Office of the State Auditor by March 31.
3. The form must be completed by an independent accountant(separate from the entity)with knowledge of
governmental accounting.
4. The application must be personally reviewed and approved by a majority of the governing body as evidenced by one of
the following methods:
a. Resolution of the governing body-application may be emailed, faxed, or mailed.
b. Original signatures-application must be mailed. Email or fax will NOT be accepted.
5. The preparer must sign the application that is submitted in order for it to be accepted.
6. Additional information may be attached to the exemption at the preparers discretion.
CERTIFICATION OF PREPARER
I certify that I am skilled in governmental accounting and that the information in the application is complete and accurate,to the best of my
knowledge.
Name: Jason Carroll
Title: Accountant for the District
Firm Name(if applicable): CliftonLarsonAllen LLP
Address: 8390 E. Crescent Pkwy.,Greenwood Village, CO 80111
Telephone Number: 303-779-5710
Date Prepared: 24-Feb-12
Preparer Signature (Required): The application will be rejected if not signed by the preparer.
SEE ACCOUNTANTS COMPILATION REPORT
•
Page 1
PART 2 -REVENUE
REVENUE: All revenues for all 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 Intergovernmental: 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 $ -
2-14 Charges for utility services $ -
2-15 Debt proceeds $ -
2-16 Lease proceeds $ -
2-17 Proceeds from sale of capital assets $ -
2-18 Fire and police pension $ -
2-19 Donations $ -
2-20 Other(specify): $ -
2-21 Miscellaneous income $ 6,429
2-22 Developer advance $ 20,247
2-23 TOTAL REVENUE all sources .$ _26,676.
PART 3 -EXPENDITURES
EXPENDITURES: All expenditures for all 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 $ 8,400
3-2 Salaries $ -
3-3 Payroll taxes $ -
3-4 Contract services $ -
3-5 Employee benefits $ -
3-6 Insurance $ -
3-7 Accounting and legal fees $ 6,771
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 $ -
3-17 Debt service principal $
3-18 Debt service interest $ -
3-19 Contribution to pension plan $ -
3-20 Contribution to Fire&Police Pension Assoc. $ -
3-21 Other(specify): $ -
3-22 $ -
3-23 $ -
3-24 $ -
3-25 TOTAL EXPENDITURES all categories
Note I(Total Revenue'(Lil eZ2 23);'orrTotal Expenditures(Lure.13-25)are greater than $100,000
STOP. You-mayynot useethisFfor"ri1 Please useLthe "Application for Exemption from Audit ,Long"`'
Form .i'` u ;. fit"* e
rn -Tc 1, 4�S.v.v 3 ° a_.._.--.
Page 2
PART 4- DEBT OUTSTANDING, ISSUED,AND RETIRED
'`IrriI48 Pie`aseFanswertheafollowin"ggiiestioiis.by4markingithe'appropriate bpxe—st ` _ '7' Washer Nor:
4-1 Does the entity have outstanding debt? X
If yes: Is the debt repayment schedule attached?If no,please explain:The District's debt X
obligations are only payable as funds are available.
Please complete the following debt schedule, if Outstanding at Issued during Retired during Outstanding at
applicable: end of prior year fiscal year fiscal year fiscal year-end
General obligation bonds $ - $ - $ - $ -
Revenue bonds $ - $ - $ - $ -
Notes/Loans $ - $ - $ - $ -
Leases $ - $ - $ - $ -
Developer Advances $ 779,577 $ 20,247 $ - $ 799,824
Other:Accrued interest on Developer Adv(EF) $ 119,310 $ 38,874 $ - $ 158,184
=<- ,Pleaseanswe?,thezfollownig{questions?byfmarking;tliejappropriafe:boxes.n ;kit , $Yes ₹„ ,AJw„N_o„- �_
4-2 Does the entity have any authorized,but unissued,debt? X
If yes: How much? $ 2,318,000,000
Date the debt was authorized: 11/2/2004
4-3 Does the entit intend to issue debt within the next calendar ear 2012 ? X
If yes: How much? $ -
;., Please,;answer thelfollowing questions by'rtrarkingithe appropriate,boxes: * Yesu'. „1No-T,t,.,.^..'
4-4 Does the entity have debt that has been refinanced that it is still responsible for? yry�pp X
If yes: What is the amount outstanding? j $ - r/ ff.////i 1
.‘. 'X`II Pleasesanswerthe following-questions;by;markmg[the appropnatetioxes.S,:,. ;.Yes ;: ,2, al;, No,, , >,.
4-5 Does the entity have any lease agreements? X
If yes: What is being leased? ���i E ���.,T,irlit
What is the original date of the lease? iff:SEME��,�/�,��Q��y�af, ,
Number of years of lease? �,/�,a�,QQ%����r�,Q��
Is the lease subject to annual appropriation? ,IVIZE II.�QIr4ITtlft.Ij/,.
What are the annual lease .a ments? $ - ,Z,��j/r/�n.�%/Otr"rZZt//a/,G,
I PART 5-CASH AND INVESTMENTS
r Please]pro9ide die aer- ,r$ Amount F" Total-at;
5-1 Checking accounts $ 806 r
5-2 Savings accounts $ - r 7
5-3 Certificates of deposit $ - % %
Total Cash Deposits 7/ 7.7///J, $ 806
Investments if investment is a mutual fund, .lease list underl in. investments : /�/� �� /����y� ��%rrr/rr�i
5-4 $ -
5-5 $
5-6 $ -
5-7 $ - %I%%a' �� ,
Total Investments ' 1 c9' $ -
Total Cash and Investments $ 806
,,ANc Please(anawer;the following:quention hyena-Irking in the appropriate box .,^r='=: _ Yes;"""„' driCeN'e 1111
5-8 Are the entity's deposits in an eligible(Public Deposit Protection Act)public X
depository(Section 11-10.5-101,et seq.C .S.)? If no, please explain:
Page 3
PART 6 -CAPITAL ASSETS
P-,IeaseYanswertthelfoltowrng,questions by,marking'iri;ttieappiopriateltioxes. sp, .�' yes,y_
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 X
assets)in accordance with Section 29-1-506,C.R.S.,?If no, please explain:
Complete the following table: Balance-
Beginning of the Year-End
year Additions Deletions Balance
Land $ - $ - $ - $ -
Buildings $ - $ - $ - $ -
Machinery and equipment $ - $ - $ - $ -
Furniture and fixtures $ - $ - $ - $ -
Infrastructure $ 87,204 $ - $ - $ 87,204
Other(explain): $ - $ - $ - $ -
PART 7- PENSION INFORMATION
`:t°',: Please answer the'following questiori bimarkingifitheappropriate;tioxes. 'f= %;. Ye`s, tlitt• ;c5t:
7-1 Does the entity have an"old hire"firemen's pension plan? X
7-2 Does the enti have a volunteer firemen's .ension plan? X
If yes: Who administers the .Ian? /�/w� M/Mi72 ./�� t
Indicate the contributions from: i/�t,�/��%//EF/�/���������
Tax .rose ,SO,sales,etc. : $ - 0 ��//O///�0/%/% /�/O/�O/�/!O/00,0/S4
State contribution amount: $ - y n�t���, ��.���.�W�d�
Other(gifts,donations,etc.): $ - /per/�/�,,
What is the monthly benefit paid for 20 years of service per retiree $ 2 G/uii u ��4.:/�i701/u
as of Jan 1?
PART 8-BUDGET INFORMATION
Please answerrthe'following'questionCby marking;in the_appropriateboxes: 5£ '" Yes.sY.,-' No
8-1 Did the entity file a 2011 budget with the Department of Local Affairs? If no,please X
explain:
If yes: Please indicate the amount appropriated for each fund for 2011: `/%/%,%//////%/////y//n///i ,�/�//////%/%/.d/�/,
Fund Name Bud.eted 2011 Ex.enditures j�%%,4054�,f��/��/%////%j/y/y�,�
General p Fund $ - rYdr ,��.. WEN��9..
Enterprise Fund $ 26,400 �'��//////,% /////�,�/� /�//�/////�j,��/�jj,
$ - Mkar wrf//
PART 9 -TAX PAYER'S BILL OF RIGHTS (TABOR)
Y"'-' Pleas"e'answelhe'following'f question•byi rnarkingrpm the,a`ppropriat igai ` " a- 'Yes" "44 .=NoL„-sx'
9-1 Is the entity in compliance with all the provisions of TABOR[State Constitution, X
Article X,Section 20(5)]? If no,please explain:
Note: An election to exempt the government from 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.
Page 4
PART 10 -GENERAL INFORMATION
Pleas'e:ahswerllhe following':questions byhiarking iri:the'appropriate:boxes i!i s t'3r
10-1 Is the entity a newly formed governmental entity? X
If es: Date of formation: @///lp/////�////j/1,y////////p/�y////y//p/�/////,
10-2 Is the entit a metro.olitan district? X 10-3 Please indicate what services the entity provides:Construction, installation,financing,financing,Rysirg
and operation ofpublic improvements, including water, sanitary sewer,drainage 'KlYi//% % ei,% �,�g
facilities,ancillary streets,and mosquito control �
10-4 Does the entity have an agreement with another governmental to provide services?
If yes: List the name of the other governmental entity and the services provided: /
Mignaltaihfidin
10-5 Has the district filed a Title 32,Article 1 Special District Notice of Inactive Status r ` Yeses` : '%=No_,N1A,,i
during the year? [Applicable to Title 32 special districts only,pursuant to Sections 32- X
1-103(9.3)and 32-1-104(3),C.R.S.]
If yes: Date Filed: aD///� e,/t///OYrat//a�//A
PART 11 -GOVERNING BODY APPROVAL
We,the undersigned,certify that this Application for Exemption from Audit has been:
Prepared consistently 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 accounting
Completed to the best of our knowledge and is accurate and true;and
Personally reviewed and approved by a MAJORITY of the governing body.
Note: Please list all current members of the governing body. Original signatures must be
provided for a majority of the governing body if the application is mailed,or a resolution may be
provided in lieu of original signatures. (Please sign using blue ink.)
Sign u s of a majority of the governing body
Name(print names of all current members of Date Term S BE ORIGINAL SIGNATURE IF NO
the governing body) Expires RESOLUTION IS INCLUDED
1 Joel H. Farkas May 2014
2 Toni L. Serra May 2014 ACC___
3 John M. Todd May 2012
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Page 5
VI F CliftonLarsonAllen LLP
r7,gor www.cliftonlarsonallen.cor
CliftonLarsonAtlen
Accountant's Compilation Report
Board of Directors
Resource Colorado Water& Sanitation Metropolitan District
Weld County, Colorado
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, 2011, 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.
C
wa1iad.o�lL �Ct
ij
Greenwood Village, Colorado
February 24, 2012
MEMORANDUM
To: Weld County,CO
From:McGeady Sisneros,PC
Date: July 13,2012
Re: Resource Colorado Water and Sanitation Metropolitan District
Election Authorization as of 12/31/11
Principal.
Principal Amount Amount of:. Principal Amount
of Authorised Authorization `of Authoritation
Debt Used.' 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
Refunding of District debt or other
5E obligations $324,000,000.00 $0.00 $324,000,000.00
IGAs that are MFY obligations;
payable from unlimited ad valorem
5F property tax levy $324,000,000.00 $0.00 $324,000,000.00
Operating Expenses and
Reimbursement of Operating
5G Advances to the District $50,000,000.00 $0.00 $50,000,000.00
IGAs that are MFY obligations;
payable from unlimited ad valorem
5H property tax levy $324,000,000.00 $0.00 $324,000,000.00
IGAs for Regional Improvements
51 that are MFY obligations Allowed
Authority to Collect/Spend Facilities
5J 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 limted to contracts,leases and other agreements,except as otherwise noted.
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