HomeMy WebLinkAbout20112613.tiff M`Geady Sisneros P.C.
400
MGEADY SISNEROS Denver, `olorad 8020 -121
C Denver,Colorado 80203-1214
303.592.4380 tel 303.592.4385 fax
www.mcgeadysisneros.com
September 27, 2011
VIA EMAIL AND CERTIFIED MAIL
RETURN RECEIPT REQUESTED
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 executed copies of the 2009 and 2010 Annual Reports To Southern Weld
Advisory Board regarding the above-captioned District. I apologize in the delay in filing these
reports. In the past, these reports have been filed in December, but going forward we will be
filing them at the end of July, which coincides with the filing of the Service Plan Annual Report.
If you have any questions, please contact me. Thank you.
Very truly yours,
MCGEADY SISNEROS,P.C.
Ca Han—
Jen if�nry
Paralegal
cc: Southern Weld County Advisory Board(via email only)
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)
GjmXYVJxita. � >n
1OGj1\ 2011-2613
{00207933.DOC v:l }
Spc,laa
RESOURCE COLORADO
WATER AND SANITATION METROPOLITAN DISTRICT
2009 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,
2009.
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, 2009. 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, 2009,
as preliminary planning and engineering was not completed as of year-end. Since its
organization in 2004 through December 31, 2009, 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.l —6 (collectively, the "Pioneer Districts"). The Service
Plans for the Pioneer Districts were approved by Weld County on February 6, 2006.
During 2009, 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, 2009.
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
{00207115.DOCv:1 }
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.
The District filed an Application for approval of a plan for augmentation
including claims for conditional ground water rights, storage rights, change of water rights and
appropriative rights of exchange in Case No. 06CW256, Water Division No. 1 on December 14,
2006. As of September 20, 2010 this case was dismissed.
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 E 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 2012.
(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, 2009, 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. Please see Exhibit D attached hereto,
a copy of Resolution No. 2009-12-01 Regarding the Amendment of the District's Rules and
Regulations.
(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, as such terms are defined in District's Service Plan
from the date of organization through December 31, 2009.
{00207115.DOC v:1 )
(c) Copies of Executed Intergovernmental Agreements. See Exhibit E
attached hereto.
(d) Names and Terms of Board Members and Contact Information.
Vacant
Term expires: 2012
Vacant
Term expires: 2012
John"Mick" Todd
2313 17th St.
Greeley, CO 80634
Telephone: (970) 352-4980
Term expires: 2012
Toni L. Serra
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
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.
Meetings are scheduled as needed and usually held at the District
Management office, 141 Union Boulevard, Suite 150, Lakewood, CO.
{00207115.DOC r.I }
(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.
Respectfully submitted this 'oti'day of`"'1'}nyl '2011.
RESOURCE COLORADO WATER AND
SANITATION METROPOLITAN
DISTRICT
By:
��
Toni Serra, President
Attest:
By:
Name: "Met ar ac
Title: Asst. Sec r r
(00207115.DOC v:1
EXHIBIT A
2009 Budget
{00207115.DOC v:l
RESOURC COLORADO WATER AND SA TATION 01
METROPOLITAN DISTRICT
141 Union Boulevard,Suite 150
Lakewood, Colorado 80228-1898
Tel: 303-987-0835 • 800-741-3254
Fax:303-987-2032
January 30, 2009
Division of Local Government
1313 Sherman Street, Room 520
Denver, Colorado 80203
Re: Resource Colorado Water and Sanitation Metropolitan District
Ladies and Gentlemen:
Enclosed is the 2009 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 .
Sincerely,
Marina Wilson
Assistant to Lisa A. Johnson
District Manager
Enclosure
cc: McGeady Sisneros, P. C. - Sharon Pellowe
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, 2009 as adopted on November 12, 2008 .
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 12th day of November,
2008 .8,0 SAN,J �� By:
o ?s Secr ary
c WELD COUNTY o
attecoo Se
K_.,...
5OS38 i04°
Clifton
'71 Gunderson LLP
Certified Public Accountants&Consultants
Accountant's Report
Board of Directors
Resource Colorado Water and Sanitation Metropolitan District
Weld County, Colorado
We have compiled the accompanying forecasted budget of revenue, 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, 2009, including the
forecasted estimate of comparative information for the year ending December 31, 2008, in
accordance with attestation standards established by the American Institute of Certified Public
Accountants.
A compilation is limited to presenting in the form of 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 examined the forecast and, accordingly, do not express an
opinion or any other form of assurance on the accompanying budget of revenue, expenditures,
and fund balance/funds available or assumptions. 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 or circumstances occurring after the date of this report.
The actual historical information for the year 2007 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, 2007.
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 the Resource Colorado Water and Sanitation
Metropolitan District.
a0161— C4)
Greenwood Village, Colorado
November 26, 2008
Milli
•
RESOURCE COLORADO WATER AND SANITATION METRO DISTRICT
SUMMARY
FORECASTED 2009 BUDGET AS ADOPTED
WITH 2007 ACTUAL AND 2008 ESTIMATED
For the Years Ended and Ending December 31,
11/26/2008
Page 2
ACTUAL ESTIMATED ADOPTED
2007 2008 2009 Np
BEGINNING FUND BALANCE/FUNDS AVAILABLE $ (6,587) $ (51,417) $ 184
REVENUE
Investment income 182 150 100
Water sales - - -
Other income - 3,189 -
Developer advance 244,000 228,262 213,000
Total revenue 244,182 231,601 213,100
TRANSFERS IN - 1,986 -
Total funds available 237,595 182,170 213,284
EXPENDITURES
General
Accounting 16,926 21,000 29,000
Audit 3,680 - 4,000
Director fees - 3,500 3,500
District management 21,117 22,000 28,000
Engineering and consulting 48,274 56,000 50,000
Election costs - 1,130 -
Insurance 3,151 1,770 3,000
Legal 110,668 50,000 60,000
South Weld Advisory Board - 10,000 10,000
Miscellaneous 792 3,000 2,000
Payroll taxes - 268 268
Water purchases - -
Watersystem 22,111 2,800 -
Raw water lines- Lost Creek - - -
Non-tributory wells-Box Elder - - -
Sewer line - - -
-
Wastewater treatment plant 62,293 - -
Contingency - 8,532 23,232
Total expenditures 289,032 180,000 213,000
TRANSFERS OUT - 1,986 -
Total expenditures and transfers out
requiring appropriation 289,012 181,986 213,000
ENDING FUND BALANCE/FUNDS AVAILABLE $ (51,417) $ 184 $ 284
This financial information should be read only in connection with the accompanying accountants report and summary of
significant assumotions.
RESOURCE COLORADO WATER AND SANITATION METRO DISTRICT
PROPERTY TAX SUMMARY INFORMATION
For the Years Ended and Ending December 31,
11/262008
Page 3
ACTUAL ESTIMATED ADOPTED
2007 2008 2009
ASSESSED VALUATION- WELD COUNTY
Residential $ - $ - $ -
Commercial - - -
Agricultural 20,330 21,290 21,290
State assessed - - -
Vacant land - - -
Personal property - - -
20,330 21,290 21,290
Adjustments
Certified Assessed Value $ 20,330 $ 21,290 $ 21,290
MILL LEVY
General - - -
Debt Service - - -
Temporary Mill Levy Reduction
(pursuant to C.R.S.39-5-121) - - -
Refund and abatements - - -
Total mill levy - - -
PROPERTY TAXES
General $ - $ - $ -
Debt Service - - -
Temporary Mill Levy Reduction - - -
Refund and abatements - - -
Levied property taxes - - -
Adjustments to actuaVrounding - - -
Budgeted property taxes $ - $ - $ -
BUDGETED PROPERTY TAXES
General $ - $ - $ -
Debt Service - - -
$ - $ - $ -
This financial information should be read only in connection with the accompanying accountants report and summary of
significant assumptions.
RESOURCE COLORADO WATER AND SANITATION METRO DISTRICT
GENERAL FUND
FORECASTED 2009 BUDGET AS ADOPTED
WITH 2007 ACTUAL AND 2008 ESTIMATED
For the Years Ended and Ending December 31,
11/26/2008
Page 4 1
ACTUAL ESTIMATED ADOPTED
2007 2008 2009
BEGINNING FUND BALANCE $ (6,512) $ (7,980) 184
REVENUE
Investment income 182 150 100
Developer advance 83,708 105,000 128,000
Total revenue 83,890 105,150 128,100
TRANSFERS IN
Enterprise fund - - -
Total transfers in - - -
Total funds available 77,378 97,170 128,284
EXPENDITURES
Accounting 16,926 20,000 23,000
Audit 3,680 - 4,000
Director fees - 3,500 3,500
District management 20,669 20,000 26,000
Election costs - 1,130 -
Insurance 3,151 1,770 3,000
Legal 40,157 30,000 35,000
South Weld Advisory Board - 10,000 10,000
Miscellaneous 775 1,000 1,000
Payroll taxes - 268. 268
Contingency - 7,332 22,232
Total expenditures 85,358 95,000 128,000
TRANSFERS OUT
Enterprise Fund - 1,986 -
Total transfers out - 1,986 -
Total expenditures and transfers out
requiring appropriation 85,358 96,986 128,000
ENDING FUND BALANCE $ (7,980) $ 184 $ 284
EMERGENCY RESERVE $ 100 $ 100 $ 100
This financial information should be read only in connection with the accompanying accountants report and summary of
significant assumptions.
RESOURCE COLORADO WATER AND SANITATION METRO DISTRICT
ENTERPRISE FUND
FORECASTED 2009 BUDGET AS ADOPTED
WITH 2007 ACTUAL AND 2008 ESTIMATED
For the Years Ended and Ending December 31,
11/26/2008
Page 5
ACTUAL ESTIMATED ADOPTED
2007 2008 2009
•
BEGINNING FUNDS AVAILABLE $ (75) $ (43,437) 5 -
REVENUE
Investment income - - -
Water sales - - -
Other income - 3,189
Sewer Revenue - - -
Developer advance 160,292 123,262 85,000
Total revenue 160,292 126,451 85,000
TRANSFERS IN
General Fund - 1,986 -
Total transfers in - 1,986 -
Total funds available 160,217 85,000 85,000
EXPENDITURES
Accounting - 1,000 6,000
District management 448 2,000 2,000
Engineering and consulting 48,274 56,000 50,000
Insurance and bonds - - -
Legal 70,511 20,000 25,000
Miscellaneous 17 2,000 1,000
Water purchases - - -
Water system 22,111 2,800 -
Raw water lines-Lost Creek - - -
Non-tributory wells-Box Elder - - -
Sewer line - - -
Wastewater treatment plant 62,293 - -
Contingency - 1,200 1,000
Total expenditures 203,654 85,000 85,000
TRANSFERS OUT
General Fund - - -
Total transfers out - - -
Total expenditures and transfers out
requiring appropriation 203,654 85,000 85,000
ENDING FUNDS AVAILABLE $ (43.437) $ - $ -
This financial information should be read only in connection with the accompanying accountants report and summary of
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
2009 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 2009 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.
Investment Income
Interest earned on the District's available funds has been estimated based on an average interest
rate of approximately 2 %.
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.
Capital Outlay
The District anticipates infrastructure improvements during 2009 as displayed on page 5.
Debt and Leases
The District has no outstanding debt or any operating or capital leases.
Page 6
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
2009 BUDGET
SUMMARY OF SIGNIFICANT ASSUMPTIONS
(Continued)
Reserve
Emergency Reserve
The District has provided for an emergency reserve fund equal to at least 3% of fiscal year
spending for 2009, as defined under 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, 2009
{00207115.DOC v:I )
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 Metropolitan Distnct For the Fiscal Year
Address. 8390 E Crescent Parkway ended December 31,2009
State 600 or fiscal year ended
Greenwood Village,CO 80111
Contact Person: Jason Carroll
Telephone: 303-779-5710
E-Mall f igpncpa Gorr
'Fax:
Return to Office of the State Auditor
Local Government Audit Division
225 E 16th Ave, Suite 555
Denver,CO 80203
FAX (303)8664062
Email OSA LGaistate co us
Call(303)866-333B 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 govemment where
neither revenues nor expenditures exceed$500,000 in any fiscal year qualify for an exemption
If both revenues and expenditures are less than$100,000 Individually,you may use this form.
Neither revenues or expenditures are$100,000,but not more than$500,000,you must use the long form
application for exemption from audit.
Instructions (See"Instructions'tab for additional information)
1 Prepare this form completely and accurately Please note that there are eleven 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 molt be completed by a person skilled in governmental accounting
4 The application must be approved by the governing body as evidenced by one of the following methods
a Resolution of the governing board-application may be e-mailed,faxed,or mailed
b Onginal signatures-application must be mailed E-mail or fax will NOT be accepted
5 The preoarer must skirt 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
PART 1 -CERTIFICATION OF PREPARER
1.1 Name Jason Carrol
1.2 Title Accountant for the Distract
14 Firm(d applicable) Clifton Gunderson LIP
14 Address 8390 E Crescent Parkway,Suite 600,Greenwood Village,CO 80111
1-5 Telephone Number 303-779-5710
14 Date Prepared February 27,2010
1.7 Signature:SEE ACCOUNTANT'S COMPILATION REPORT
The person that completes this form must be skilled in governmental accounting Check One
(Skd/ed means possessing sufficient knowledge of governmental accounting to
complete the exemption form) Yes No
148 Are you skilled in governmental accounting'?If no,this exemption will be rejected X
Page 1
PART 2-REVENUE
REVENUE All revenues for all funds must be ranted in this section including proceeds from the sale of the govemmenrs land.
buddrq,and equipment and proceeds from debt or lease transactions Financial information will not include fund equity inn
Llner4 Description (Omit cents)
2-1 Taxes Property S -
2-2 Specific Ownership $ -
2-3 Sales and Use $ -
2-4 Other(specify) $ -
2-5 Licenses and paints $ -
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 1
2-14 Charges for utility aerates S -
2-15 Debt proceeds $ -
2.16 Lease proceeds $ -
2-17 Proceeds from sale of capital assets S -
2.18 Fee and poste pennon S -
2.19 Donations $ -
2-20 Other(specify) Developer advance $ 1,901
2-21 Transfer to other fund S 247
2-22 $ -
2-23 TOTAL REVENUE all sources $ 2.149
PART 3-EXPENDITURES
EXPENDITURES All expenditures for all funds must be reflected in this Bonbon including the purchase of capital assets and pnncipai
and interest payments on long-term debt Financial information will not include fund equity information
Una# Description (Omit cents)
3-1 Administrative $ 10,923
3-2 Salanes $ -
33 Payroll taxes S 1 S4
3-4 Canted services S -
3-5 Employee benefits S -
3-6 Instance S 1,678
3-7 Accounting and Iasi fees $ 25,940
3-8 Repair and maintenance $ -
3-9 Supplies $ -
3-10 Utilities and telephone $ -
3-11 Fire/Police S -
3-12 Streets and highways $ -
3-13 Public health S -
3-14 Culture and recreation $ -
3-15 UNdvoperaboons $ -
3-16 Capital outlay $ -
3-17 Debt servxePaci d $ -
3-18 Debt service interest $ -
3.19 Contribuboon to peneicn plan $ -
3-20 Contribution to FPPA $ -
3-21 Other(spedfY) Miscellaneous $ 1.776
3-22 Interest expense on developer advance $ 30,768
3-23 Transfer horn other hand $ 247
3-24 $ -
3-25 TOTAL EXPENDITURES all categories $ 71,516
Page 2
•
PART 4-DEBT OUTSTANDING,ISSUED AND RETIRED
Please answer the following questions by marking the appropmte boxes Yes No
4-1 Dees the entity have outstanding debt? X
If yes is the debt repayment schedule attached?If no,please explain The entity's debt X
consists of developer advances which will be repayed when and if the entity is
capable
Please complete the following debt schedule,if Outstanding at Issued dunng Retired during Outstanding at
applicable end of poor year fiscal year fiscal year fiscal year end
General obligation bonds $ - S - $ - S -
Revenue bonds S • S - S - $ -
Noteslbans S - S - S - S -
Leases S • $ - $ - $
Developer Advances $ 673,709 S 20,826 $ - S 694,335
Other(specify) Interest on dev Adv Enterpnse S 54,853 S 30,768 $ - $ 85,621
Please answer the following questions by marking the appropriate boxes ' Yes No
4-2 Does the entity have any authonzed,but unissued debt? X
If yes How much? S 2,318,000,000 . . ...
Date the debt was authorized 1112/2004
4-3 Does the entity intend to issue debt within the next calendar year(2010)? X
If yes How much? I $ - .. .. .. .. ....
Please answer the following questions by marking the appropriate boxes Yes No
44 Does the entity have debt that has been refinanced that it is still responsible for? X
If yes _What is the amount outstanding? I S - - .. .. ...
Please answer the following questions by marking the appropriate boxes Yes No '
4-5 Does the entity have any lease agreements? X
If yes What is being leased?
What is the original date of the lease?
Number of years of lease? .,
Is the lease sub)ect to annual appropriation?
What are the annual lease payments? $
PART 5-CASH AND INVESTMENTS
Please provide the entity's cash deposit and Investment balances Amount Total
5.1 Checking Accounts $ 241 _•"'
5-2 Stange Accounts $ - ..,-.'' •.
5-3 Certificates d Deposit $ - • •••
Total cash Deposits $.: .241
Investments(if investment is a mutual fund,please list underlying investments)
54 lel .
55
56
5-7
Total Investments
Total Cash and investments
Please answer the following question by marking in the appropriate box Yes ' No
56 Are the entity's deposits in an eligible(PDPA)public depository(Sec 11-10 5-101 at X
seq,C R S)? If no,please explain
• Page 3
PART 6-CAPITAL ASSETS
. Pins.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 preformed an annual inventory of propery and equipment(capital X
assets)in accordance with Section 29.1.506 C R S 9 If no,please explain
Complete the following table Balance-
Beginning of the Balance-End
Year Additions Deletions of the Year
Land $ - $ - $ - $ -
Buildings $ - $ - $ - $ -
Machmery and equipment $ - $ - $ - $ -
Fumiture and fixtures $ - $ - $ - $ -
Infrastructure tZ 87,204 $ - $ - $ 87,204
Other(explain) $ - $ - $ - $ -
PART 7-PENSION INFORMATION
�Plesee answer tla f• -owls, •u •se • marking nthea• • •nits xas Yes No
7-1 .•.-the .", have en •.• hre'fkerrwn's •=nsl•n •an? X
74 a• : the haves tear lsernen's •:nsr. •lan7 _.... X
If yes W . .„ .. .-. .gy ..., 9
Indicate the wnbtubons from
Tax • • SO Sales etc $
State Con nbubon Amount $ -
Other Gifts Donations etc $ .
is the monthly benefit paid for 20 years of service per retiree $ - :. ... , ...
as of Jan 1st7
PART 8-BUDGET INFORMATION
Please answer the following questions by marking In the appropriate boxes Yes No
8-1 Did the entity file a 2009 budget with the Department of Local Affairs9 If no,please X
explain
If yes Please indicate the amount appropriated for each fund for 2009
Fund Name Budgeted 2009 Expenditures, _.
General Fund $ 128,000 ,
Enterpnse Fund $ 85,000
$ ..._ -
PART 9-TABOR
Please answer the following question by marking in the appropriate box Yes No
9.1 Is the entity in compliance with RN the provisions of TABOR(Sate Constitution Article X
X,Section 20(5)]7 If no,please explain
NOW An election le exempt me government from the spending imitation.of TABOR do..not ar•
xempt the government from the 3%omergeneyree.rrerpmrmnent Ml governments should
Mamma of they meet this requirement of TABOR
PART 10-GENERAL INFORMATION
sawanswerthe n, •ash its • rise n mthea•• ••ras • xas IllInEEIM •O
10.1 ILL'.aft lr:L'J'af•.n• a•••;,.,n, , mtrin•,. X
LE Data of formation
10-2 Is the eno a metro•• .i district? X
104 Please indicate what services you provide Construction,installation,financing and -
operation of public improvements,including water,sanitary sewer,drainage facilities, -
ancillary streets,and mosquito control
10-4 •es ' tie • havean . wmentwithan•. w••vemment • • •vi-esernras' X
•
If yes List the name of the other government entity and the services provided
Page 4
PART 11 •GOVERNING BODY APPROVAL
We,the undersigned,certify that this Application for Exemption from Audit has been
Prepared consistent with Section 2&1.604,C R S,which states that an Application with revenues and
expenditures of$100,000 or less must be prepared by a person skilled in governmental accounting,
Completed to the best of our knowledge and is accurate and true,
Reviewed end 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
Name(print names of all current members of Date Term Original Sign ( I utlon Is
the governing body) Expires _ a
1 Chnstopher R Paulson May 2012 �i
2 Joel H Farkas May 2010
3 William V Hibberi May 2010 /,
4 Jack E Reutzel May 2012
5 Toni L Serra May 2010 CrcniL)LLAI\Ct-}
6
7
Page 5
aaftal:- TSOI1 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 Application for Exemption from Audit of Resource Colorado Water and
Sanitation Metropolitan District as of and for the year ended December 31, 2009, included in the
accompanying prescribed form in accordance with Statements on Standards for Accounting and
Review Services issued by the Amencan Institute of Certified Public Accountants.
Our compilation was limited to presenting in the form prescnbed 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 any other form of assurance on it
The Application for Exemption from Audit is presented in accordance with the requirements of
the State Auditor's office, which may differ from generally accepted accounting principles
Accordingly, the Application for Exemption from Audit is not designed for those who are not
informed about such differences
We are not independent with respect to Resource Colorado Water and Sanitation Metropolitan
District.
l2)Mps.- 40,6raoat... ICJ
Greenwood Village,Colorado
February 27,2010
Offices in 16 states and Washington,DC H LB Inumauona
EXHIBIT C
Summary of Debt and Debt Authorization
To: Weld County, CO
From: McGeady Sisneros, PC
Date: July, 2011
Re: Resource Colorado Water and Sanitation Metropolitan District
Election Authorization as of 12/31/10
Principal Principal
Principal Amount of Amountof
Amount of . Authorization Authorization
Authorized Debt Used 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
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
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 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
(00207115.DOCv:I }
EXHIBIT D
RESOLUTION NO. 2009-12-01 REGARDING THE AMENDMENT OF THE
DISTRICTS' RULES AND REGULATIONS
(002071 15.DOC v:I
RESOLUTION NO.2009-12-D •
RIVERDALE PEAKS II METROPOLITAN DISTRICT
RESOLUTION REGARDING THE AMENDMENT OF TILE DISTRICT'S
RULES AND REGULATIONS
WHEREAS, Riverdale Peaks II Metropolitan District, Adams County, Colorado (the
"District"), is a quasi-municipal corporation and political subdivision of the State of Colorado; and
WHEREAS,pursuant to Section 32-1-1001(1)(m), C.R.S.,the District has adopted rules and
regulations(the"Rules and Regulations"); and
WHEREAS,the District expressly reserved the right to make any lawful addition and/or
revisions in the Rules and Regulations; and
WHEREAS,the District has determined that it is necessary to amend the Rules and
Regulations to adjust the District's Schedule of Fees, Rates and Charges set forth in Exhibit A to
the Rules and Resolutions.
WHEREAS,the District mailed notice of the proposed amendment to the Rules and
Regulations to the District's residents in order to give the District's service users an opportunity to
comment on the proposed amendment to the Rules and Regulations.
NOW,THEREFORE', BE IT RESOLVED by the Board of Directors of Riverdale Peaks II
Metropolitan District as follows:
1. Capitalized terms not otherwise defined herein have the meanings ascribed to them
in the Rules and Regulations.
2. Effective January 1, 2010, the Schedule of Fees,Rates and Charges set forth in
Exhibit Ato the Rules and Regulations shall be amended as set forth on Exhibit A attached hereto
and incorporated herein by this reference
APPROVED AND ADOPTED this 9th day of December, 2009
RIVERDALE PEAKS II METROPOLITAN
DISTRICT ,�
By: Aim eL �e �w
Its:
Attest:
By:
Its: Spero kA 1s,1
{00159341.DOC v:1)
Exhibit A
Schedule of Fees,Rates and Charges
Water Resource Fees(Section 2.1.8(1)): Reserved
Water Service Deposit(Section 2.1.10(d)): Reserved
Inclusion Fee(Section 2.1.11):
$1,500.00 initial deposit. Actual costs of all costs of publication, engineering,title review,attorneys fees
and related costs of the District in processing the inclusion to be paid by the Petitioner.
Fees,Rates and Service Charees(Section 2.2.3):
Potable/Indoor Water Rates:
Tier Price Usage(Gallons),
Base $70.00 0—8,000
, 1 $4.00/1,000 gallons 8,001 - 12,000
2 $5.00/1,000 gallons 12,001 - 18,000
3 $6.00/1,000 gallons 18,001 —24,000
4 $10.00/1,000 gallons over 24,000
Connection/Inspection Fee: $300.00
Connection/Re-Inspection Fee: $150.00
Meter Installation Inspection Fee: $200.00 plus cost of meter*
Meter Installation Re-Inspection Fee: $200.00
Non-Potable/Irrigation Water Rates:
Tier Price Usage(Gallons)
Base $70.00 0—81,457
Penalty Charge for use in excess of
Irrigation Budget(any use in excess
of 81,457 gallons annually): $30.00/1,000 gallons
Connection/Inspection Fee: $300.00
Connection/Re-Inspection Fee: $150.00
Meter Installation Inspection Fee: $200.00 plus cost of meter*
Meter Installation Re-Inspection Fee: $200.00
Construction Water Fee: $300.00
*Meter cost will be at then-current market rate.
Water Facilities Fees (Section 2.2.3(b)):
$19,750 per Residential Equivalent Unit
Connection Fees (Section 2.2.3(c)):
Unauthorized Connection Fee: Twice the then-current Water Facilities Fee(s)
(00159352.DOC v:1}
Fees for Collection of Delinquent Amounts:
Turn On/Tum Off Fee: $100.00
Foreclosure Fee: In accordance with Section 2.2.4(d).
OWS Fees(Article 101:
Annual Administrative Fee: $100.00
Enforcement Fee: $200.00 plus actual costs associated with
maintenance/repairs
Landscape Review Fees(Article 121:
Review Fee: $170.00
Re-Review Fee: $85.00
Other Fees and Charges:
Late Payment Fee: $5.00 per month
Returned Check Fee: $25.00
Violation of Rules&Regulations and/or Tampering with District Facilities: $1,500 to
$2,000 fine,plus actual cost of damage,expense and loss
Hearing Fee: $250.00
•
{0015s352.DOC v: } 2
EXHIBIT E
Intergovernmental Agreements
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. A copy of this agreement previously
provided with the 2006 Annual Report.
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. 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.) Copy
previously provided with the 2008 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. Copy previously provided
with the 2008 Annual Report.
[00207115.DOC v:l }
A
RESOURCE COLORADO
WATER AND SANITATION METROPOLITAN DISTRICT
2010 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,
2010.
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 31,2010. 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, 2010,
as preliminary planning and engineering was not completed as of year-end. Since its
organization in 2004 through December 31, 2010,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 2010, 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, 2010.
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
(002071 I6.DOC v:I )W:\CLIENTS\667\ServiceP\00207116.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 CIP Plan may be available in 2012.
(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, 2010, 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, as such terms are defined in District's Service Plan
from the date of organization through December 31, 2010.
(c) Copies of Executed Intergovernmental Agreements. See Exhibit D
attached hereto.
{002071 16.DOCv1 )
(d) Names and Terms of Board Members and Contact Information.
Vacant
Term expires: 2012
Vacant
Term expires: 2012
John "Mick" Todd
2313 17th St.
Greeley, CO 80634
Telephone: (970) 352-4980
Term expires: 2012
Toni L. Serra
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
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 Meeting .
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.
(00207116.DOC v-1 }
Respectfully submitted this r1 day of&p itmiatt ,2011.
RESOURCE COLORADO WATER AND
SANITATION METROPOLITAN
DISTRICT
By: / l
Tod Serra, President/
Attest:
By:
Name: _ oe Far a •
Title: Pt 5cs-l.. Sec ce-tr&r
(00207116.DOC v:I I
EXHIBIT A
2010 Budget
{00207116.OOC v:1 1 A-1
RESOLUTION TO AMEND 2010 BUDGET
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
WHEREAS, the Board of Directors of the Resource Colorado Water
and Sanitation Metropolitan District adopted a budget and
appropriated funds for the fiscal year 2010 as follows:
General Fund $ 59, 000
Enterprise Fund $ 90, 000
WHEREAS, the necessity has arisen for the creation of an
additional fund requiring the unanticipated expenditure of funds in
excess of those appropriated for the fiscal year 2010; and
WHEREAS, the expenditure of such funds is a contingency which
could not have been reasonably foreseen at the time of adoption of
the budget; and
WHEREAS, funds are available for such expenditures in the
Enterprise Fund-Front Range from developer advances .
NOW, THEREFORE, BE IT RESOLVED that the Board of Directors of
the Resource Colorado Water and Sanitation Metropolitan District
shall and hereby does amend the adopted Budget for the fiscal year
2010 and adopts a supplemental budget and appropriation for the
creation of an Enterprise Fund-Front Range for the fiscal year
2010, as follows :
Enterprise Fund-Front Range $ 26, 400
BE IT FURTHER RESOLVED, that such sums are hereby appropriated
from the revenues of the District to the proper funds for the
purposes stated.
DATED this 16th day of November, 2010 .
RESOURCE COLORADO WATER AND
SANITATION MET OP - TAN DISTRICT
By:
ecretary
2010 BUDGET AMENDMENT RESOLUTION
l�L1, oDdS" ,n
•
RESOURCI. OLORADO WATER AND SA. TATION
METROPOLITAN DISTRICT
141 Union Boulevard, Suite 150
Lakewood,Colorado 80228-1898
Tel: 303-987-0835 . 800-741-3254
Fax: 303-987-2032
January 29, 2010
Division of Local Government
1313 Sherman Street, Room 520
Denver, Colorado 80203
Re: Resource Colorado Water and Sanitation Metropolitan District
Ladies and Gentlemen:
Enclosed is the 2010 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 .
Si erely;
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, 2010 as adopted on November 11, 2009 .
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 11th day of November,
2009 .
R490(4)F By:
S re tary
n
o (B l)O0 0
a ,tjii S5di3M
o
4"0/
it/ANS ere'
Accountant's Report
Board of Directors
Resource Colorado Water and Sanitation Metropolitan District
Weld County, Colorado
We have compiled the accompanying forecasted budget of revenue, 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, 2010, including the
forecasted estimate of comparative information for the year ending December 31, 2009, in
accordance with attestation standards established by the American Institute of Certified Public
Accountants.
A compilation is limited to presenting in the form of 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 examined the forecast and, accordingly, do not express an
opinion or any other form of assurance on the accompanying budget of revenue, expenditures,
and fund balance/funds available or assumptions. 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 or circumstances occurring after the date of this report.
The actual historical information for the year 2008 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, 2008.
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 the Resource Colorado Water and Sanitation
Metropolitan District.
firx- /LP
Greenwood Village, Colorado
November 30, 2009
RESOURCE COLORADO WATER AND SANITATION DISTRICT
SUMMARY
FORECASTED 2070 BUDGET AS ADOPTED
WITH 2008 ACTUAL AND 2009 ESTIMATED
For the Years Ended and Ending December 31,
11/30/2009
ACTUAL ESTIMATED ADOPTED
2008 2009 2010
BEGINNING FUND VALANCES $ (51,417) $ (77,184) $ (122,309)
REVENUES
1 Developer advance 114,225 20,626 271,309
2 Interest income 136 2 -
3 Other income 3,489 - -
Total revenues 117,850 20,628 271,309
TRANSFERS IN - 247
Total transfers in - 247 -
Total funds available 66,433 (56,309) 149,000
EXPENDITURES
General and administration
4 Accounting 19,787 15,500 22,000
5 Audit
-
6 Contingency - 500 5,732
7 Director fees 2,400 2,400 3,500
8 District management 16,874 13,500 18,000
9 Election 1,112 - 2,000
56,144 - 50,000
10 Engineering 1,770 1,678 3,000
11 Insurance
12 Legal 40,707 29,000 41,000
13 Miscellaneous 1,839 2,991 3,500
14 Payroll taxes 184 184 268
15 South Weld Advisory Board -
-
16 Water system 2,800 - -
Total expenditures 143,617 65,753 149,000
TRANSFERS OUT - 247
Total transfers out - 247
Total expend i lures and transfers out
requiring appropriation 143,617 66,000 149,000
ENDING FUND BALANCES $ (77,184) $ (122,309) $ -
EMERGENCY RESERVE $ - S - $
TOTAL RESERVE $ - $ - $
This financial information should be read only in connection with the accompanying accountants report and summary of significant assumptions.
2
•
RESOURCE,COLORADO WATER AND SANITATION DISTRICT
PROl'ERTY'I'AX SUMMARY INFORMATION
For the Years Ended and Ending December 31,
11/30/2009
ACTUAL ESTIMATED ADOPTED
2008 2009 2010
ASSESSED VALUATION -
Agricultural $ 21,290 $ 21,290 $ 15,800
21,290 21,290 15,800
Certified Assessed Value $ 21,290 $ 21,290 $ 15,800
MILL LEVY
GENERAL FUND - -
Total Mill Levy -
PROPERTY TAXIES
GENERAL FUND $ - $ - $
Levied property taxes - -
'Budgeted Property Taxes $ - $ - $ -
BUDGETED PROPERTY TAXES
$ • $ - $
•
This financial information should be cad only in connection with the accompanying accountant's repots and summary of significant
assumptions.
3
•
RESOURCE COLORADO WATER AND SANITATION DISTRICT
GENERAL FUND
FORECASTED 2010 BUDGET AS ADOPTED
WITH 2008 ACTUAL AND 2009 ESTIMATED
For the Years Ended and Ending December 31,
11/30/2009
ACTUAL ESTIMATED ADOPTED
2008 2009 2010
BEGINNING FUND BALANCES $ (7,980) $ (42,571) $ (82,668)
REVENUES
1 Developer advance 33,753 1,901 141,668
2 Interest income 136 2 -
3 Other income 300 -
Total
revenues 34,189 1,903 141,668
Total funds available 26,209 (40,668) 59,000
EXPENDITURES
General and administration 19,671 15,000 16,000
4 Accounting
5 Audit -
-
-
- 1,2326
'Contingency
7 Director fees 2,400 2,400 3,500
8 District management ]6,520 13,000 16,000
9 Election 1,112 - 2,000
10 Insurance 1,770 1,678 3,000
11 Legal 26,509 9,000 16,000
12 Miscellaneous 614 491 1,000
13 Payroll taxes 184 184 268
-
14 South Weld Advisory Board
Total expenditures 68,780 41,753 59,000
TRANSFERS OUT 15 ENTERPRISE FUND - 247 _
Total transfers out - 247
Total expenditures and transfers out
requiring appropriation 68,780 42,000 59,000
ENDING FUND BALANCES $ (42,571) $ (82,668) $ -
EMERGENCY RESERVE $ - $ - $
TOTAL RESERVE $ - $ - $
This financial information should be read only in connection with the accompanying accountants report and summary of significant
assumptions.
4
RESOURCE COLORADO WATER AND SANITATION DISTRICT
ENTERPRISE FUND
FORECASTED 2010 BUDGET AS ADOPTED
WITH 2008 ACTUAL AND 2009 ESTIMATED
Fur the Years Ended and Ending December 31,
11/30/2009
ACTUAL ESTIMATED ADOPTED
2008 2009 2010
BEGINNING FUND BALANCES $ (43,437) $ (34,613) $ (39,641)
REVENUES
1 Developer advance 80,472 18,725 129,641
2 Other income 3,189
Total revenues 83,661 18,725 129,641
TRANSFERS IN
3 GENERAL FUND - 247
Total transfers in - 247
Total funds available 40,224 (15,641) 90,000
EXPENDITURES
General and administration
4 Accounting 116 500 6,000
5 Contingency -
500 4,500
6 District management 354 500 2,000
7 Engineering 56,144 - 50,000
8 Legal
14,198 20,000 25,000
9 Miscellaneous 1,225 2,500 2,500
10 Water system 2,800
-
Total expenditures 74,837 24,000 90,000
Total expenditures and transfers out
requiring appropriation 74,837 24,000 90,000
ENDING FUND BALANCES $ (34,613) $ (39,641) $ -
TOTAL RESERVE $ - $ $
This financial information should be read only in connection with the accompanying accountant's repnn and summary of significant
assumptions.
5
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
2010 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 2010 are to he 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.
Investment Income
Interest earned on the District's available funds has been estimated based on an average interest
rate of approximately 0.5 %
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.
Capital Outlay
The District anticipates infrastructure improvements during 2010 as displayed on page 5.
Debt and Leases
The District has no outstanding debt or any operating or capital leases.
Page 6
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
2010 BUDGET
SUMMARY OF SIGNIFICANT ASSUMPTIONS
Reserve
Emergency Reserve
The District has provided for an emergency reserve fund equal to at least 3% of fiscal year
spending for 2010, 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, 2010
(00207116.DOC v1 ) 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 31,2010
Suite 600 or fiscal year ended
Greenwood Village,CO 80111
Contact Person: Jason Carron
Telephone: 303.779-5710 •
E-Mail: jason.carroll@clitloncpa.com
Fax: 720-482-6668
•
Return to: Office of the State Auditor
•
Local Government Audit Division
225 E 16th Ave., Suite 555
Denver.CO 80203
FAX:(303)888-4062
Email: OSA LG@state,co us
Call(303)866-3338 if you need help completing this form
Section 29-1-604,CRS.outlines the provisions for an exemption from audit. Generally,any local government where
neither revenues nor expenditures exceed$500.000 in any fiscal year may qualify for an exemption
If both revenues end expenditures are less than$100,000 individually,you may use this form.
If either revenues or expenditures are$100,000,but not more than$500,000,you must use the long form
application for exemption from audit.
Please review ALL instructions prior to the completion of this form.
Instructions:(See Instructions"tab for additional informaliont
1 Piepare this form completely and accurately Please note Mat there tie eleven pads lo 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 a person skilled in 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 board-application may be e-mailed faxed,or mailed
b.Original signatures-application must be mailed E-mail 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 emperor's discretion
PART 1 -CERTIFICATION OF PREPARER
1-1 Name.Jason Carroll
1.2 Title:Accountant for the District
1-3 Firm fit applicable): Clifton Gunderson LLP
1-4 Address:8390 E Crescent Pkwy.,Suite 600,Greenwood Village,CO 80111
1.5 Telephone Number: 303-779-5710
1-6 Date Prepared: 3/2/2011 -.
1.7 Preparer Signature (Required): See Accountant's Compilation Report
The person that completes this form must be skilled in governmental accounting Check One
(Skilled means possessing sufficient knowledge of governmental accounting to
complete the exemption form) Yes No
1-8 Are you skilled in governmental accounting' If no,this exemption will be rejected. X
Page 1
PART 2 -REVENUE
'REVENUE. All revenues lot all funds must be reflected in this seelion including proceeds I¢In me sale of the governments 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
2-5 Intergovernmental Grants -
2-7 Conservation Trust Funds(Lottery)
2-6 __ Highway Users Tax Funds(HUTF) -
--Ti— Other(specify)
2-10 Charges for services ___-
2-11 Fines and forfeds
2-12 Special assessments
2-13 Investment income •
2-14 Charges for utility services -
2-15 Debl 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 Developer advance 65,242
2-22
2-23 TOTAL REVENUE all sources 65,242
PART 3 -EXPENDITURES
EXPENDITURES. All expenditures for all funds must be reflected in Ibis section Including the purchase of capital assets ane
principal and interest payments on long-term debt. Financial inlormalion will not include fund equity info'malion ;
Linea Description (Omit cents)
3-1 Administrative S 13,087
3-2 Salaries S -
3-3 Payroll taxes S -
3-4 Contract services S -
3-5 Employee benefits $ -
3-5 Insurance $ 1.575
3-7 Accounting and leual lees $ : 64,860
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 S
3-15 Uliley operations $ l
3-16 Capital outlay $
3-17 Debt service principal $ • 1
3-18 Debt service interest S ..___-----
3-19 Contribution to pension plan $
3-20 Contribution to FPPA $
3-21 Other(specify). $ -
3-22 $ -
3-23 $ •
_
3.24 $ -
3-25 TOTAL EXPENDITURES alt categories $ 79,542
Note: If Total Revenue(Line 2.23) or Total Expenditures(Line 3-25) are greater than $100,000-
STOP, you may not use this form. Please use the "Application for Exemption from Audit-Long
Form".
Page 2
PART 4-DEBT OUTSTANDING, ISSUED AND RETIRED
—1Please answer the following questions by marking the appropriate boxes Yes No ~
4-1 Does the entity have outstanding debt? X
It 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 dobt schedule,ii Outstanding al Issued during Retired during Ou;sland:rg al
applicable: end of prior vear fiscal year fiscal yeai fiscal year end
General obligation bonds $ - 5 - $ - $
Revenue bonds $ - $ - S - $ -
Notesrloans $ $ - 5 - $ -
Leases TS-- $ - 5 - 5
Developer Advances 3 694335 $ 85,242 5 - $ 779.577
Other Accrued interest on Developer Adv(EF) 3 85,621 $ 33.689 $ • $ 119.310
Please answer the following questions by marking the appropriate boxes Yes No
4.2 Does the entity have any authorized,but unissued debt? X
!I yes How much? $ 2.318.000.000 ,; ire, r/I
Dale the debt was authorized: 11/2/20041 d(
4-3 Does the entity intend to issue debt within the nexl calendar vear(70111? ‘pfrX
If yes How much? 15 - F
Please answer the following questions by marking the appropriate boxes Yes No
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 S I. iM, i.4
Please answer the following questions by marking the appropriate boxes Yes I No
4-5 Does the entity have any lease agreements? X
it yes What is being leased? (( '.7 [ zt% 'A
WUM►V.�Mi-Jwf MYI
What is the original date of the lease? S-" w a,., Cf!Wo.
Number of years of lease? r:', �"-t 14*r' ,r _
Is the lease subject to annual appropriation? .... ff
What are the annual lease payments? 5 r';`,"- "`�":-.71;c
PART5 -CASH AND INVESTMENTS f
Please provide the entity's cash deposit and Investment balances Amount ! Total
6-1 Checking Accounts S 176 ;_:arct'ap.--,
6.2 Savings Accounts 5 -
iirefiri
63 Certificates of Deposit $ �
Total Cash Deposits '-r''s' - $ 175
TKs
Investments(if investment is a mutual fund.please list underlying investments): - ,i, s
6-5 5 ,'
66 5
Total Investments -' t5_ •
Total Cash and Investments �' 'J$ 176
Please answer the following question by marking in the appropriate box Yes No
_5-6 IAre the entity's deposits in an eligible(POPA)public depository(Sec 11-10.5-101 ei X
seq,C R S 1� If no,please explain':
Page 3
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 X
assets)in accordance with Section 29-1-506 C R S,7 II no,please explain:
Complete the following table Balance-
Beginning of the Balance S End
Year Additions Deletions t of the Year
Land S - $ - $ - $Buildings $ - $ $ - S Machinery and equipment S - $ • $ - $
Furniture and fixtures $ - $ - $ - $
Infrastructure S 67,204 3 $ - $ 87.204
Other(explain). S - S -PART 7 -PENSION INFORMATION _ I
(ease answer the( II win• •uesli•ns marking in the a••r•• Yes No
7-1 D• t It amtTOrltbhuIIitau.manw•19r411•ll4 . X
7.2 a•es the entil have av•lun ee hr- 'l• -X
If yes: Who administers the .lan7
Tax: f Presort ,SO Sales,etc - $ -
S
What is the monthly benefit paid for 20 years of service per retiree $
as of Jan 1st?
PART 8 • BUDGET INFORMATION•
Kase answer the TriirOwmg questions by marking in the appropriate boxes Yes No
8.1 Did the entity filo a 2010 budget with the Department of Local Affairs? If no,please X
explain'
If yes Please indicate the amount appropriated for each fund for 201O
Fund Name Budgeted 2010 Expenditures
General Fund $ 59,000
Enterprise Fund $ 90.000
$
PART 9 -TABOR
Please answer the following question by marking In the appropriate box Yes i No
9-1 is the entity in compliance with all the provisions of TABOR(Slate Constitution Article X
X,Section 20(5)1? II no,please explain.
Note: An election to exempt the government from the spending limitations of TABOR does not Y y at( ... -
e•empt the government from the 3/ emergency reserve requirement. All governments should V }r. y '} ., M ?;4D .'
determine 11 they meet ihiq requirement pt TAUOR. '(�'i -:T„•'i ka 1 4J�'+�~tl -'I
Page 4
L _ _ PART 10 -GENERAL INFORMATION
-Please answer the f•II win• •uestl•ns • mark n• 0the a••r rlate ••xes Yes NO
10.1 Is the enht a newt formed•overnmental entity? I x
BEM 4LILE _ a 1 Date of formation:
10.2 Is the entit a melt.•.titan district? _ X _'
10 3 Services provided Construction, installation,financing.and operation of public [1.17(,:511:5. t h
improvements,including water sanitary sewer,drainage facilities,ancillary streets i
and mosquito control
10-4 Does the enttt have an a•reeement with another•overnment 10•rovtde services? - ' X
If yes List the name of the other governemnt entity and services provided i
10.5 Has the district filed a Tide 32,Article 1 Special District Notice of Inactive Status Yes ( No-NIA
during the year? (Applicable to Title 32 Special Districts only,pursuant to Section 32-_ X
1-103(9.3);32-1-104(3),C.R.S.)
If yes. Date Filed I<-f ,r2r':i'j`1'Pv„61117 ii
PART 11 -GOVERNING BODY APPROVAL
We,the undersigned,certify that this App'!ication for Exemption from Audit nas oeen
Prepared consistent with Section 29-1-604,C.R S which states that an Application with revenues and
expenditures of 5100,000 or less must be prepared by a person skilled in governmental accounting;
Completed to the best of our knowledge and is accurate and true;
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.)
Name(print names of all current members of Date Term Original Signatu 'Unless solution is
the governing body) Expires qh�)
1 Christopher R. Paulson May 2012 /7...-7
2 Joel H. Farkas May 2014 " n
3 Toni L. Serra May 2014 A `
4 David Foster May 2012 i\NA h __
s John Todd May 2012
e
7
Page 5
Clifton
Gunderson LLP
(vilified Public Acm uni ants k Consuls ante
Accountant's Compilation Report
Board of Directors
Resource Colorado Water and Sanitation Metropolitan District
Weld County. Colorado
We have compiled the Application for Exemption from Audit of Resource Colorado Water and
Sanitation Metropolitan District as of and for the year ended December 31, 2010. 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 mmnugetitem 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 Ear presentation of the Application for
Exemption Irma Audit in accordance with accounting principles generally accepted,in the United
Slates of America, and for designing. implementing and maintaining internal control televant 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 arc no material modifications thin
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 Slate 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
Slate Auditor's Orrice and is not intended to be and should not be used by anyone other than this
specifled party.
We arc not independent vwith respect to Resource Colorado Wale' and Sanitatirlu_ Metropolitan
District
4h4 - y4u."-da /LP
Greenwood Village. Colorado
March 2. "'GI I
pinta.,u. .i v.m+ nut A u-Isiisgn m.IF HLB ron��nn..,nn
EXHIBIT C
Summary of Debt and Debt Authorization
To: Weld County, CO
From: McGeady Sisneros, PC
Date: July, 2011
Re: Resource Colorado Water and Sanitation Metropolitan District
Election Authorization as of 12/31/1O
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
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
50 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
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 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
{00207116.DOC vI ) C-1
EXHIBIT D
Intergovernmental Agreements
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. A copy of this agreement previously
provided with the 2006 Annual Report.
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. 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.) Copy
attached.
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. Copy attached.
t00207116.DOC v:1 } D-1
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