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Home My WebLink About20122136.tiff 4,oc_ooto\ �� rainy WELD C(UjdTI Office of the State Auditor 1 co c, SSW4ER5 / ;l ' ' Dianne E. Ray,CPA ‘..'N'.....' '1,/ P 2, 1 ' State Auditor =:<-rs6 1112 AUG -8 RECEIVED 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, ttl—CLI'‘"%stat Crystal L. Dorsey, CPA Local Government Audit Manager CLD:js cc: Department of Local Affairs Division of Local Government r L SA We Set the Standard in Good Government T oral Government Audit Division•The Capitol Center• 225 East loth Avenue•Suite 555 •Denver,Colorado 8)203-1620 Ph.303.866.3338•Fax:303 8664062 2012-2136 ' - n%JJrtiCi:.*tOv-t T- \s-1; .:SbUaa 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. Please review ALL msAucxlons p tr orto thetcom`le n of tfii's` rn 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 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 I 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 .-Sri x. u. ,,, .6 76j 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 5 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 >$, a •':Q 1 "°" t;54? n a rr ti U It V s+l v x ',v sw Note IfpTotaltRevenu!.., 223)or�Total Expendrtures(Lfneci3-?-aregreaterthan'$p00,000„' `�fdr a ar " '*, nru'I It�r>�r 71 M.x Si K.; va",m� Tr4� ` F' r<k� v 1 l�,^ STOP You{may„notluse t�orm Please USehthe,ApplrcattonlformExemptlon�f�roOm�Audit Long# i '` 6t i Wt try ae a~ i vP�* :l slak�i -kRt"_ tr . jFOrC+;.,-� eirr � 4z....,= � a* us '1 ",-5k3.�.+�,.., r ", (,.�. Page 2 PART 4-DEBT OUTSTANDING, ISSUED,AND RETIRED 1 =`1"I""`4e Plea;e7answerxtheifollowingquestioriszby7marking6theiappropriateitigxes `,"? 'Yes" )I _ No''�°�J 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 Ira Please;answerthe$following(questIoos+by markingittie?a``ppropriate boxesr 4-2 Does the entity have any authorized,but unissued,debt? X If yes: How much? $ 2318000 000 ,,,e,f4W4 j/.y�� %-'/f1��;f Date the debt was authorized: 11/2/2004 f% :a3P ' /% ?j/ 4-3 Does the entity intend to issue debt within the next calendar year(2012)? ISMIONIX If yes: How much? I $ - SICAPI PleaselarieWer.theetollowirig:questiabs byre arking;the:apprbpriate'aoi es: -1I44s,Y,es 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 $ - ''/////°i '%///,l%%'"Ua"%�!////////,< ' - P,Iea5eSanswervth"e�followirig;questions,by3marking(theappropnatej6gxes:,.,, A:. „t,Yes�y„ , 4-5 Does the entity have any lease agreements? X If yes: What is being leased'? r%%%%//%%r%%aii6i/iIRRVA%% What is the original date of the lease'? /etid;%//f:i ii//efli:S/t.1 Number of years of lease'? ?j j%%; /j///%itg::5.'We „r, r,,;,,,, Is the lease subject to annual appropriation? Gl'�///�///F/%�%j//��%/v%✓,w!�� What are the annual lease payments? PART 5-CASH AND INVESTMENTS J yP�-.�.~7 !?leaseyprov'ide;tlrenhry%sTca'shhjdePdsi[antl;investment{bal'ances"�-.4 '-.�..a Preamountfre MalEtotallifiti' 5-1 Checking accounts $ 806 %%// n,Wil:/aI, 5-2 Savings accounts $ - f G%aka 5-3 Certificates of deposit $ - qin %%%%s Total Cash Deposits `l3:4QQ/Q//////.:CMA $ 806 Investments(if investment is a mutual fund,please list underlying investments): rc%%%,4///2 i,e, %%,gl,),„%%i.✓/.66',. 5-4 ffreeiliflai 5-5 5-6 i 6%i%a �� yrat, 5-7 fiit//a i2 Total Investments /, i2g2:iib., $ - Total Cash and Investments INETER%/SM $ 806 rw ' P.Ieaseiancie"r-theafollowio ei - ... „ g;question�bydmarking,ih,the�appropnateibox ,.,,u,5� Yes[' No$'�,�Cfa 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 PART 6 -CAPITAL ASSETS nit Please7anwerathejfollowing;giestioris•by!ma'rking;i61ttie7appropriate?boxibixa µ,Yes56.614617r61 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 p _ - • Please answehthe;following]guestiori?s$byi"marktng"�inithe appropriate3boxes a W Yes ,.,,„ Y.'I",�Nql,&;FFN 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 Tier/// %j51?-1%%//2dadi Indicate the contributions from: • % s fir%%'%:v%%/�iNNSrr/% Tax(property,so,sales,etc.): $ - State contribution amount $ - ggi,Mj//aV,,at 2/ %j%///,Y ra4 Other(gifts,donations,etc.): $ - What is the monthly benefit paid for 20 years of service per retiree $ - j% K % fjj j� as of Jan 1? si//i0/%i/// � .G PART 8-BUDGET INFORMATION 1.9kAr,Please answer},the;followingl questions;byymarkIng-in-the;appropriatelboxes:�.:- .r411es:., tr1.7'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 a•propriated for each fund for 2011 `� ras w,xygt��%�� %gr•y;'y��/ Fund Name Bud eted 2011 Ex•enditures%1jj%j%/4.4,4ttanc.rAio %J%%%%% General Fund $ - y itrae;✓/,i//!i%°Rrkx.ri1/i Enterprise Fund $ 26,400 %%%% yli,%;;%@%)40FF %%ij PART 9 -TAX PAYER'S BILL OF RIGHTS(TABOR) Piatel di �--Please7answetythe;followring""'question:byTmarkmglln'theTappropnatebox ... Y,es., NoS;,,^.""4",_' 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 ��Wf*V/��/f� %ll///// � itiAta i exempt the government from the 3 percent emergency reserve requirement. All governments %/� ��/�� should tletermine If they meet this requirement of TABOR. �T4ej��y//��! �� Page 4 PART 10-GENERAL INFORMATION r' ".Please`.answerithe followingrquestions bymarking in the:appropriate:boxes',rg IIMI YeslIII, m""No !. 10-1 Is the entit a newl formed •overnmental entit ? X If es: Date of formation: %%%%DO///d///////%%///%%OO/d�GS%/O%/%% 10-2 Is the entity a metropolitan district? X 10-3 Please indicate what services the entity provides:Construction, installation,financing, j%% /r s/j%�/,�ti ca� 4 i/�, and operation of public improvements,including water,sanitary sewer,drainage 0 ;WW1 WM (r�/i facilities,ancillary streets,and mosquito control %/e.,�Ovo i,�, �� y;, „ra�i6, 10-4 Does the entity have an agreement with another governmental to provide services? X Ifyes: List the name of the othergovernmental entity and the services provided: ;�� y�f� /i %�5%%/%j%O/% el 10-5 Has the district filed a Title 32,Article I Special District Notice of Inactive Status talYel ` MNO%;»NlAtlii 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: 02agta zSA'S 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.5.,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 2014A✓t 3 John M. Todd May 2012 4 5 6 7 Page 5 c., CliftonLarsonAllen LLP WEr www.cliftonlarsonallen.com 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. Greenwood Village,Colorado February 24,2012 Hello