HomeMy WebLinkAbout20122293.tiff M`Geady Sisneros P.C.
M C GEADY SISNEROS 450E. Avenue,Suite 400
Denver,Colorado 80203-1214
303.592.4380 tel 303.592.4385 fax
www.mcgeadysisneros.com
August 21, 2012
VIA EMAIL
Ms. Esther Gesick
Clerk to the Weld County BOCC
P.O. Box 758
Greeley, CO 80632
Re: Resource Colorado Water and Sanitation Metropolitan District
Dear Ms. Gesick:
Enclosed please find a courtesy copy of the 2011 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.
Jennifer S. Henry
Paralegal
cc: Board of Directors-Resource Colorado(via email only)
Jason Carroll,Clifton Gunderson,LLP(via email only)
Lisa Johnson and Karen Steggs, Special District Management Services,Inc.(via email only)
(00240309.DOC va ) 2012-2293
Contil l undc/9U71s.
a7 �a SU) aa
RESOURCE COLORADO
WATER AND SANITATION METROPOLITAN DISTRICT
2011 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,
2011.
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, 2011. 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 C1P Plan").
A Three Year CIP Plan was not prepared by the District as of December 31, 2011,
as preliminary planning and engineering was not completed as of year-end. Since its
organization in 2004 through December 31,2011, 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.1 —6 (collectively, the "Pioneer Districts"). The Service
Plans for the Pioneer Districts were approved by Weld County on February 6, 2006.
During 2011,the District continued with the engineering and planning aspects of
wastewater service for the Pioneer Districts, including exploring the feasibility of providing
coordinated wastewater services with other service providers. 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, 2011.
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
{0023579S.DOC v:I I W:\CLIENTS\667\ScrviceP\0023 5795.DOC
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
nontributary Laramie-Fox Hills Aquifer subject to the terms of the decree.
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 C1P Plan may be available in 2013.
(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, 2011, 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. The District excluded approximately 151.24 acres
April 22,2010. Please see attached Order for Exclusion.
(c) Copies of Executed Intergovernmental Agreements. See Exhibit D
attached hereto.
(00235795.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 were 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.
(00235795.DOC v:I )
Respectfully submitted this day of August,2012.
RESOURCE COLORADO WATER AND
SANITATION METROPOLITAN
DISTRICT
By:
Presiden
/4 Attest: ( \ ? �
Secretary k,9
1'
{00235795.DOC v,I }
Respectfully submitted tbisal day of August,2011
RESOURCE COLORADO WATER AND
SANITATION METROPOLITAN
DISTRICT'
By:
Pnesiden
Attest: (�
Secretary
(00235195.DOC v:l
EXHIBIT A
2011 Budget
(00235795.DOC v:1 } A-1
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
January 28,2011
Division of Local Government
1313 Sherman Street, Room 520
Denver, Colorado 80203 d1g-filing(astate.co.us
Re: Resource Colorado Water and Sanitation Metropolitan District
Ladies and Gentlemen:
Enclosed is the 2011 Budget as certified by the Board of Directors of the Resource
Colorado Water and Sanitation Metropolitan District of Weld County, Colorado, submitted
pursuant to Section 29-1-113, C.R.S.
If there are any questions on the Budget, please contact Lisa A. Johnson, District
Manager, at (303)987-0835.
Sincer ly,
— yjuLj4 -
Karen Steggs
Assistant to Lisa A. Johnson
District Manager
Enclosure
cc: McGeady Sisneros, P.C.—Jennifer Henry
Clifton Gunderson LLP
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, 2011 as adopted on November 16, 2010.
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 pday of November,
2010 .
SAN/2'47i
ay:
Secretary
WELD COUNTYw
(S IMRADO o
Clifton
Gunderson LLp
Certified Public Accountants&Consultants
Accountant's Compilation Report
Board of Directors
Resource Colorado Water and Sanitation Metropolitan District
Weld County,Colorado
We have compiled the accompanying forecasted budget of revenues, expenditures, and fund
balance/funds available of the Resource Colorado Water and Sanitation Metropolitan District for
the General and Enterprise Funds for the year ending December 31, 2011, including the
forecasted estimate of comparative information for the year ending December 31, 2010, 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 are 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 2009 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, 2009.
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 are not informed about such matters.
We are not independent with respect to Resource Colorado Water and Sanitation Metropolitan
District.
e4p1nt, ) 44,
Greenwood Village, Colorado
November 23,2010
♦+Offices in 17 states and Washington,DC International
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
SUMMARY
FORECASTED 2011 BUDGET AS ADOPTED
WITH 2009 ACTUAL AND 2010 ESTIMATED
For the Years Ended and Ending December 31,
11/23/2010
ACTUAL ESTIMATED [ADOPTED
2009 2010 2011
BEGINNING FUND BALANCES $ (77,184) $ (97,058) $ -
REVENUES
1 Developer advance 20,626 96,066 26,400
2 Net investment income 1 -
3 Goodwill - 79,426 -
Total revenues 20,627 175,492 26,400
TRANSFERS IN 247 83,518 -
Total funds available (56,310) 161,952 26,400
EXPENDITURES '
General and administration
4 Accounting 10,980 5,154 6,000
5 District management 10,923 10,923 8,400
6 Election - 1,775 -
7 Insurance 1,678 1,575 -
8 Legal 14,960 58,668 12,000
9 Miscellaneous 1,776 339 -
10 Payroll taxes 184 - -
Total expenditures 40,501 78,434 26,400
TRANSFERS OUT 247 83,518 -
Total expenditures and transfers out
requiring appropriation 40,748 161,952 26,400
ENDING FUND BALANCES $ (97,058) $ - $ -
This financial information should be read only in connection with the accompanying accountant's report
and summary of significant assumptions.
2
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
PROPERTY TAX SUMMARY INFORMATION
For the Years Ended and Ending December 31,
11/23/2010
ACTUAL ESTIMATED ADOPTED
2009 2010 2011
ASSESSED VALUATION-
Agricultural $ 21,290 $ 15,800 $ 2,660
Certified Assessed Value S 21,290 $ 15,800 $ 2,660
MILL LEVY
GENERAL FUND - - -
Total Mill Levy - - -
PROPERTY TAXES
GENERAL FUND $ - $ - $ -
Levied property taxes - - -
Budgeted Property Taxes S - $ - $ -
BUDGETED PROPERTY TAXES
$ - $ - $ -
This financial information should be read only in connection with the accompanying accountant's report
and summary of significant assumptions.
3
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
GENERAL FUND
FORECASTED 2011 BUDGET AS ADOPTED
WITH 2009 ACTUAL AND 2010 ESTIMATED
For the Years Ended and Ending December 31,
11/23/2010
ACTUAL ESTIMATED ADOPTED
2009 2010 2011
BEGINNING FUND BALANCES $ (42,571) $ (70,154) $ -
REVENUES
1 Developer advance 1,901 1,900 -
2 Net investment income 1 - -
3 Goodwill - 53,793 -
Total revenues 1,902 55,693 -
TRANSFERS IN
ENTERPRISE FUND-FRONT RANGE - 56,383 -
Total transfers in - 56,383 -
Total funds available (40,669) 41,922 -
EXPENDITURES
General and administration
4 Accounting 10,980 2,654 -
5 District management 10,777 7,423 -
6 Election - 1,775 -
7 Insurance 1,678 1,575 -
8 Legal 5,068 27,980 -
9 Miscellaneous 551 339 -
10 Payroll taxes 184 - -
Total expenditures 29,238 41,746 -
TRANSFERS OUT
-
ENTERPRISE FUND 247 -
ENTERPRISE FUND-FRONT RANGE - 176 -
Total transfers out 247 176 -
Total expenditures and transfers out
requiring appropriation 29,485 41,922
ENDING FUND BALANCES $ (70,154) $ - $ -
This financial information should be read only in connection with the accompanying accountant's report
and summary of significant assumptions.
4
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
ENTERPRISE FUND
FORECASTED 2011 BUDGET AS ADOPTED
WITH 2009 ACTUAL AND 2010 ESTIMATED
For the Years Ended and Ending December 31,
11/23/2010
ACTUAL ESTIMATED ADOPTED
2009 2010 2011
BEGINNING FUNDS AVAILABLE $ (34,613) $ (26,904) $ -
REVENUES
1 Developer advance 18,725 -
2 Goodwill • 25,633 -
Total revenues 18,725 25,633 -
TRANSFERS IN
GENERAL FUND 247 - -
ENTERPRISE FUND-FRONT RANGE - 26,959 -
Total transfers in 247 26,959 -
Total funds available (15,641) 25,688 -
EXPENDITURES
General and administration
3 District management 146 - -
4 Legal 9,892 25,688 -
5 Miscellaneous 1,225 - -
Total expenditures 11,263 25,688 -
Total expenditures and transfers out
requiring appropriation 11,263 25,688 -
ENDING FUNDS AVAILABLE $ 26,904) $ - $ -
This financial information should be read only in connection with the accompanying accountant's report
and summary of significant assumptions.
5
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
ENTERPRISE FUND-FRONT RANGE
FORECASTED 2011 BUDGET AS ADOPTED
WITH 2009 ACTUAL AND 2010 ESTIMATED
For the Years Ended and Ending December 31,
11/23/2010
ACTUAL - ESTIMATED] ADOPTED -
2009 2010 2011
BEGINNING FUNDS AVAILABLE $ - $ - $ -
REVENUES
1 Developer advance - 94,166 26,400
Total revenues - 94,166 26,400
TRANSFERS IN
GENERAL FUND - 176 -
Total transfers in - 176 -
Total funds available - 94,342 26,400
EXPENDITURES
General and administration
2 Accounting - 2,500 6,000
3 District management - 3,500 8,400
4 Legal - 5,000 12,000
Total expenditures - 11,000 26,400
TRANSFERS OUT
GENERAL FUND - 56,383 -
ENTERPRISE FUND - 26,959 -
Total transfers out - 83,342 -
Total expenditures and transfers out
requiring appropriation - 94,342 26,400
ENDING FUNDS AVAILABLE $ - $ - $ - ,
This financial information should be read only in connection with the accompanying accountant's report
and summary of'significant assumptions.
6
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
2011 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 2011 are 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 are 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 2011, as defined under TABOR. The emergency reserve amount is zero due to the
fact that none of the District's revenue sources are subject to the requirements of TABOR.
This information is an integral part of the accompanying forecasted budget.
Page 7
EXHIBIT B
Application for Exemption from Audit for the year ended December 31, 2011
{00235795 DOG v } B-1
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:303-866-0062 APPLICATION
Email: OSA.LG@stateco.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.
v.. r :rbdi cri `zr+'i.+'p the comp.ig .....,•-_ ."�^ -�
.'Pease reviewrALL�{IW structions.;prfor,to„tthe-completion ofthis form ,
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 Slate 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 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 It not signed by the preparer.
SEE ACCOUNTANT'S COMPILATION REPORT
Page 1
PART2-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 an sources d$?V 'r:,'f ttp"�; 126;676•
I PART3-EXPENDITURES I
tXPENDITURES. 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 y$�i.r.,, 'l lrild;,e "` 5151++?x1•
(Note Sif Totat`Revent i Llne€2`23 or�Totailail endltUfes'(arirOS )at�e'grea'terRhan Sd}00,000
pSTO .� 4: 'JSV 'i z • gp4 te e* F a>
Ytethmay no`iuse this form wnP,lease se,t e dppllcatloonifor E empttyion from`A�udittaLong,,,
1 rm ES 41 ` n v;,Age ar _..... r ,ret1?F:; ,-4";:, `.LL...,:i - 'i, il: ..aieu.. ..
Page 2
A T4• •E=T •UTST N•ING, ISSUE•, •N• •ETIRE• I
tar''`CA •lease'Tanswodthod•II•wln• •ueStl•risf•7inarkf •kfie'.a.•r" elate}•"•xos.°,. '73fir WIi IK$4 A', INo 3 S
4-1 Does the anti have outstandin. debt? al
If yes: are repayment schedule ale attached?nare If ila please explain:The District's debt Mill
Please obligations are only payable as funds available
Please complete the following debt schedule.if Outstanding at Issued during Retired during Outstanding at
applicable: end of•rior ear fiscal ear fiscal ear fiscal ear-end
General obli.ation bonds $ - $ • $ - $ -
Revenue bonds a $ - $ • a
Notes/Loans $ - a $ -
Leases $ - $ - a
Develo.er Advances $ 20,247 $ - $ 799,824
Other:Accrued interest on Develo.er Adv EF $ 119.310 $ 38,874 $ - $ 158,184
el''. .fl Ie`•se9an'sw`eGttielf•Ilowin!['.uo`stlon's••"!im—klnelifi " •' ' '`""�• r rian;•.icesa4,�";i C +geYps761L;>b =r"tNoiii:E'+
4.2 ••es the emit have an aulh•rize•. •ut unissue•,•e•t2 X A �
inHow much? $ 2.3'18.000.000 I ,u J lss
Date the debt was authorized 11/2/2004 , Y Ti,, v
4-3 Does the entit ear 2012 ? a X
am How much? $
raft ' -
4-4 Does the entit •onsible for? X
In What is the amount outstandin.? $ - "wak Huh 2«.I„w laIlli .--•>1=sz "i
._._. . .� ..y ..
s,:°:1�` ;leasernswer�the{f II•win!i•ugstl�ns;• 7rnarkln!ith:a•.r•%rla[e�••xes J{jit._.iq: Yes o '..
4-5 Does the entit have an lease a•reements? -al
v
If yes: What is beln• leased? ) ? + �
What is the ori•Mal date of the lease? ':r I'I ,<
Number of ears of lease? f •-•
Is the lease subject to annual ap•ropriation? r3 t /e r
What are the annual lease -a ments? $ aJIrGw rN %'rk • w sd iii
✓
L PART 5-CASH AND INVESTMENTS
R•;::'r!1WR P,Iease7proviilel[Aeentity%s7CashYifeposibandlinvestmentlbalances.%X.� .3i'; '@P"rI g`YfAmouritR151 latTotal
5-1 Checking accounts $ 806 r'`, 3 �l%'l..-
5-2 Savings accounts $ - I 'ift
5-3 Certificates of deposit $
Total Cash Deposits u w C ,T $ 806
Investments if investment is a mutual fund •lease list underl in investments 1,$1"x d.{F✓w.- . -0 r ll;:iu.
gym:
5-5 5 .
5-6 tii
Total Investments r;≥#i',4 i^ :i ,f, $ -
Total Cash and Investments ffz`f}gf,„,,,,ti1"`�3', $ 806
9::; ' Pleaseianswer tti rfollowfng;questi&'ibyrmarking,ln;the"appropriate box .,•bx,a 1101'0100C:
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.R.S.)? If no,please explain:
Page 3
L. PART 6 -CAPITAL ASSETS 1
Ft:`110(ele'ase'lan-swerxthenollowinglquo'stl'6-fisrbylmaFking?IngtieTaWFWrlatonibke'ekr411 :Y,eslY lilt�iwo'
8.1 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.7 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
?, P,lease answer,thr3ifol16wingiquestio s byfmakfhg?InitheTapproprlat'ellioitos:">f,:. Yeiirie."Wr'JiiNolifri-0i
7.1 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 plan? I ,J7:,:•"•i,',21,1)••;•,t, . tic)
Indicate the contributions from: •'�'<�,'i
Tax(property,SO,sales,etc.): $
State contribution amount: $
Other(gifts,donations,etc.): $ L, • • -'
What is the months benefitpaid for 20 years of service per retiree $
Y
as of Jan 1?
PARTS- BUDGETINFORMATION f
Please answer,thedollowingiquestions)by:markinglin thetappropriate?boxes eY ='r,cY,es:liil tr. -:Nom
8.1 Did the entity fire 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:
Fund Name Budgeted 2011 Expenditures ^' iie'r
General Fund $
Enterprise Fund $ 26400 !;1!.!.!!;.!!!!!!!!!!:;!;...,!,,, .`=ttk
PART 9-TAX PAYER'S BILL OF RIGHTS(TABOR)
R'.;46$ ..ploafanswur'.tho foltSwine"•uuitloT1MS Imarklni?Indhe1ae ero•riate libxiiiPibiN I'r'3! „-eYes :.R! I*Noy -
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
Noce: An election to exempt IM 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
R easeranswe"rtt o o ngtquost tins}.y:maik ng'nit a appr.op alet•bxes M1Pf
r is the entity a newly formed governmental entity?
If es: Date of formation:! 'mot y ° r ≥;)3
r is the entity a metropolitan district? 0
r Please indicate what services the entity provides:Construction,installation,financing 2
and operation of public improvements,including water,sanitary sewer,drainage . }
facilities,ancillary streets,and mosquito control > " rot,
04 Does the entity have an agreement with another governmental to provide services? X
if yes List the name of the other governmental entity and the services provided: a En ;."7I
r Has the district filed a Title 32,Article 1 Special District Notice of Inactive Status *':;*Yedk7414AA1
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.)
If yes: Date Filed: ivrtifltr.,� .Y,,m1pr,nnr f.
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 slates 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 Ileu 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
3 John M. Todd May 2012
4
5
6
7
Page 5
•
`�l a CliflonLarsonAllen LLP
,} 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,
et9 nitAdmtStnc
Greenwood Village, Colorado
February 24, 2012
EXHIBIT C
Summary of Debt and Debt Authorization
To: Weld County, CO
From: McGeady Sisneros, PC
Date: July, 2012
Re: Resource Colorado Water and Sanitation Metropolitan District
Election Authorization as of 12/31/11
Principal Principal
Principal Amount of Amount of
Amount of Authorization Authorization
Authorized Debt Used Remaining_
Purpose-Improvements
5A Streets $324,000,000.00 $0.00 $324,000,000.00
513 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
Refunding of District debt or
5E other 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
1GAs that are MFY
obligations; payable from
unlimited ad valorem
5H property tax levy $324,000,000.00 $0.00 $324,000,000.00
}GAs for Regional
Improvements that are MFY
51 obligations Allowed
Authority to Collect/Spend
Facilities Fees, charges,tap
5J 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 Election: May 2,2010
{00235795.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 1. 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.
{00235795.DOCv:I I D-1
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