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Home My WebLink About20122197.tiff w of -oto. �� . �yo. Office of the State Auditor qn � j o Allen Dianne E. Ray,CPA ,i s, State Auditor April 05, 2012 Board Of Directors Resource Colorado Water& San Metropolitan Dist RE: 1176.05 8390 E. Crescent Pkwy. Suite 600 Greenwood Village, CO 80111 Dear Board Of Directors: Your Application for Exemption from Audit for the years ended 12/31/2011 has been accepted. If we may be of any assistance to you, please feel free to call us at 303-866-3338. Sincerely, tilL ' ' M Crystal L. Dorsey,CPA Local Government Audit Manager CLD:js cc: Department of Local Affairs Division of Local Government i SA We Set the Standard br Good Government I ncal Government Audit Division •The Capitol Center• 225 East 16th Avenue•Suite 555 •Denver,Colorado 80203-1620 Ph.303.866.3338•Fax: 303.866.4062 641 2O12-2197 Qnv l\u.iVte 31A) . / g, , 12, g,/-7-/a SpoigA 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. Pease review ALL instruct of ns'p o°to the c ple on of thisl"forrm ; 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 skin the application that is submitted in order for it to be accepted. 6. Additional information may be attached to the exemption at the preparer's 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 ACCOUNTANT'S 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 debt or 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 ItTij6;fi76; PART 3 -EXPENDITURES J 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 $ - _______4 3-7 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 ;s - r(rc f " g?71 Note klfiataf Revendi,(Llffe.2`23)`raitotaf Ezpendttures(Lmet3 25)are greater than $1400 000 w 4 04 ',:(.•,.. v s, s .i5t n a+h p 5F a STOP„�Yousmay notfuseAtiiigform FirleasekukOlie 'iApphcatisr for Exemptiontfrom AOi Long _ ,:c.1,,:,742.,-.. terH sqY : 1:= a*r• r .Ml q wpv s, �} M+y N!,,It -�pw r`t'ACr`l.., s, Page 2 PART 4-DEBT OUTSTANDING, ISSUED,AND RETIRED ,��."" Pleas'eXnswerkth5Mollowliigiquestlons7byjmarktiig}(he,appropeiaterl3oxe"s,=-. 1'RR^>"aYes 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 P..... -.._. -._ -_ .. , "- .leaseanswerrthe)followln'gTquestlorT'3s'3s tiy�markingytlie?appropnate,ti'oxes?'� i�(d,=($'bYes�IQ,�;; :` N'o] )L;€z4:. 4-2 Does the entity have any authorized,but unissued,debt? X If yes: How much? $ 2'318.000.000 ≥js// ;// l/ % /y,/ Date the debt was authorized: 11/2/2004 %��//� ,,,/ / / Wit/ 4-3 Does the entity intend to issue debt within the next calendar year(2012)? ///� X / If yes: How much? I $ r%//.//,0//i ///G�G//ti/✓a„ TO 'SSW Pleaseienswe[the�fdlldwiri _ y g "' b i r" -trt' g:questions b"[marklri'3thevappropnateabgzes. �4$Yestf, 4-4 Does the entity have debt that has been refinanced that it is still responsible for? X If yes: What is the amount outstanding? I $ - %72.ill%?:!%% ;i%%i//W%G (A& Plea;e"�answerthe°�follo-wing;guestionsrby�markinglthe.appropFiafe}tioxes fa 4-5 Does the entity have any lease agreements? X If yes: What is being leased? /.✓//�7/%/�L�// �/ ��G What is the original date of the lease? %�/'�/�/�/ // ✓ //As �' .� Number of years of lease? J�.E/��%/i� ��/"�.✓ . w/�/% Is the lease subject to annual appropriation? lag g1%/C.1 W C:',;/°u!✓e; - y/'Q4:1:� %fait%"'o,/%„ What are the annual lease payments? $ ��/J/:..;.�%/_ ✓/:%'..'ra��///�ui./ PART 5-CASH AND INVESTMENTS _ __ raw,P.IeaseYprovideafte.'entitylsacasFydepdsibahtl',investmentlbalaricesr�';-1iti .C � Amount Totalti 5-1 Checking accounts $ 806 /%V1SdWS 5-2 Savings accounts - yJgnLa//' 11 5-3 Certificates of deposit Total Cash Deposits %%Jr4 c/f//rj $ 806 Investments(if investment is a mutual fund,please list underlying investments): f/ Eat//; ;VO��%%i%�/�O 5-4 $ - 5-5 imuinim,;,ni rrg 5-6 5-7 $ - %i�d /%i%%�✓ Total Investments $ - Total Cash and Investments =F4 aXf/4%/i $ 806 _. . .a_ M, Flease,answer`:,theyfollowinggiiestion`:bymarking,In tFeappr-bptiate'tiox, .IJo't°-,„R3iit;4 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 EITAffr P,Iease'answerathetfollowing,questionsiby`,"ma"rkinghnzthorappiop iate!lioxes:.tI=8 Yes R„°=,,i,'W11NcITT4'138 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 S - $ - $ - $ Furniture and fixtures $ - $ - $ - $ - Infrastructure $ 87,204 $ - $ - $ 87,204 Other(explain): $ - $ - $ - $ PART 7-PENSION INFORMATION a 4;.� -Please answer,•thetfollowin } oastions?b"}'markme?inhe,�a��r tto•'riate?boxes 8'.® .Yes .,_':' ±;,' Nq' ^? 7-1 D.- t - - to nrmxu�t.rt.eauaYivara:rri-s•:a•pi•ne. - X 7-2 Does the enti have a volunteer firemen's •ension elan? X If yes: Who administers the •Ian? "//, / rcft 5j;%/%///�/�// ttom Tax •ro.ert ,SO,sales,etc. : $ - "%%winZO,%p%A gg.gTh//;iRS State contribution amount $ - %%!!yi%%551 %/f'////////J r p Other •ifts,donations,etc. : $ - j//;; M11. /fjp� %%j%j j/j;;'°'2 What is the monthly benefit paid for 20 years of service per retiree $ ��xraaf�� /'≥�'f4,av as of Jan 1? �irft6U.114; .00 I PART 8-BUDGET INFORMATION I MA44 Pleaseianswerrthe;following;questions;by marking'in"the;appropriat&boxesa' ,;"7,ziMes ; ROWE 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 ,�f�ef,0/s%la dt�7�/�/��/Jf/�, Fund Name Budgeted 2011 Expenditures is%oW,IM/Q//G/�%%%/% General Fund $ - iJei%Gi✓✓/a%. vax 7.t Enterprise Fund $ 26,400 War WarE..................................... $ - ��sr r a ?.51 PMS;/.!a//, PART 9 -TAX PAYER'S BILL OF RIGHTS (TABOR) zif- P,te se eansweffaherfollowing7queslion.byimarking?in?theTappropiiaale•.tioz 4, ,e Yes No 9-1 Is the entity in compliance with all the provisions of TABOR[State Constitution, X Article X,Section 20(5)1? If no,please explain: Note: 4,4 exemptAn eloction to exempt government from he government from the he 3 percent emergency reserve9re'requirionsement. All governments f TABOR does not r �/4O i�/m/��'! should determine If they meet his requirement or TABOR- Y�'�,��J�/�� Page 4 PART 10-GENERAL INFORMATION EINEE P„lease:answerthe'followin•:.uestions`b Markin•iiMthera •ro•riate boxes ri PY.X.1No,.. ". 10-1 Is the entit a newl formed •overnmental entit ? X Ern Date of formation: %%%GO%////////%%1/'�G%/%///tatnf//%/i:, 110)2 Is the entit a metro.olitan district? X 10-3 Please indicate what services the entity provides:Construction,installation,financing, % /icir�%/%F and operation of public improvements,including water,sanitary sewer,drainage 1 j �/1//j%1 facilities,ancillary streets,and mosquito control //j /�' 10-4 ••es the enti have an a.reem nt with n.ther•.vernmental t• .r.vi.e services? X If yes List the name of the other governmental entity and the services provided wev /i -///�j,S1 ///Wit .//,�/�%,/////iii 10-5 Has the district filed a Title 32,Article 1 Special District Notice of Inactive Status - iNo;:;NIA? 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: I/4I2I/�1I1UdnS.Wi/i///%////I 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 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 J1Nl✓t___ 3 John M. Todd May 2012 4 5 6 7 Page 5 CliftonLarsonAllen LLP or www.cliftonlarsonallen.corn CliftonLarsonAllen 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. P decfrargliaaoreGreenwood Village, Colorado February 24, 2012 Hello