The URL can be used to link to this page

Browse Search

Home My WebLink About20101527.tiff ANNUAL REPORT (Year Ending December 31, 2009) ' rL RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT n.z,n I (THE "DISTRICT") C'.:1 .'1`_ -� :-�n ID: [�• i Pursuant to Section VIII of the Service Plan for the District approved August 25 , 2004 by Weld County, the DistrictTiereby submits the following information and attachments . A. Changes in the District' s taxing boundary or Service Area boundary. There were no changes to the District' s taxing boundary or service area boundary in 2009 . B. Intergovernmental Agreements A letter filed with the Division of Local Government declaring the agreements the District has with other political subdivisions as of December 31, 2009 is attached. C. Changes in the District' s rules and regulations The District did not amend its rules and regulations in 2009 . D. Summary of any litigation which involves the District - ATTORNEY TO UPDATE The District was involved in the following litigation in 2008 . Case No . 06CW256 , Water Division No. 1, Application for Approval of Plan for Augmentation, Including Claims for Conditional Ground Water Rights, Storage Rights, Change of Water Rights and Appropriative Rights of Substitution and Exchange ( "Augmentation Plan" ) pertains to a plan for augmentation for the Pioneer Development . Pioneer Communities Inc . is a co-applicant in the case . Status : The case is still pending. E. Status of construction of improvements The District did not construct any improvements in 2009 . F. Annual audited financial statements of the District or appropriate exemptions from Audit A copy of the Application for Exemption from Audit for the year ended December 31, 2009 is attached hereto . G. Summary of total debt authorized, issued and outstanding See attached summary. 2010-1527 mmtAAAi Quito vis - i4-(b sbolaa- 1 • 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 February 1, 2010 Division of Local Government 1313 Sherman Street, Room 521 Denver, Colorado 80203 Re: Resource Colorado Water and Sanitation Metropolitan District ; Intergovernmental Agreements Dear Sir or Madam: In accordance with Section 29-1-205, C.R. S . , we are hereby providing you with the listing of political subdivisions having entered into a contract with the above-referenced District, the nature of the contract, and the expiration date of the contract : Lost Creek Ground Water Management District Intergovernmental Agreement (07/10/05) ; describes the agreement for funding a USGS study and the sharing of the information derived from the study. Term: Indefinite 05304104 Town of Keenesburg Agreement (4/25/06) ; sets forth the terms and conditions of the purchase of the water right associated with Well Permit No. 31652-FP by the Town from the District . Term: Indefinite 05304100 TAB 18 Assignment (7/26/06) ; assigns all right, title and interest to the water right associated with Well Permit No. 31652-FP to the Town by the District . Term: Indefinite 05304100 TAB 22 Easement Deed (7/26/06) ; grants an easement to the Town for access to the Tank Site . Term: Indefinite 05304100 TAB 24 Agreement (7/26/06) ; sets forth the terms and conditions regarding certain specified obligations regarding the decrees and stipulations related to the water right associated with Well Permit No . 31652-FP . Term: Indefinite 05304100 TAB 25 (00182357.DoC / 2) Division of Local Government February 1, 2010 Page 2 Agreement (7/26/06) ; defines the terms and conditions for the District to use and reuse the water right associated with Well Permit No. 31652-FP, subject to a certain reservation. Term: Indefinite 05304100 TAB 26 Intergovernmental Agreement (06/22/07) ; sets forth the understanding that the District will conduct a feasibility study regarding the respective water supplies and wastewater treatment options and determine if there are operations, projects or opportunities for the parties that will reduce costs for their respective customers . Term: Until project is completed 05304105 If you have any questions, please contact me . Sincerely, RESOURCE COLORADO WATER AND SANITATION METROPOLITAN/ ' �f �DIS/TTRI CT (sa Al . Johnson District Manager cc : McGeady Sisneros, P. C. - Jennifer Henry 05301502 (00182357.DOC / 2) APPLICATION FOR EXEMPTION FROM AUDIT-SHORT FORM FOR GOVERNMENTS WITH REVENUES AND EXPENDITURES OF$100,000 OR LESS Name of Government* Resource Colorado Water&Sanitation Metropolitan Distnct For the Fiscal Year Address' 8390 E Crescent Parkway ended December 31,2009 Suite 600 or fiscal year ended Greenwood Village,CO 80111 Contact Person: Jason Carroll Telephone: 303-779-5710 E-Mail Jason carroll@cliftoncpa corn 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)866-4062 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 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. 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. 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 must 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 preparer must scan 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 PART 1 - CERTIFICATION OF PREPARER 1-1 Name Jason Carroll 1-2 Title Accountant for the Distnct 1.3 Firm(if applicable) Clifton Gunderson LLP 1-4 Address 8390 E Crescent Parkway,Suite 600,Greenwood Village,CO 80111 1-5 Telephone Number 303-779-5710 1.6 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 (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 for all funds must be reflected in this section including proceeds from the sale of the government's land, building,and equipment and proceeds from debt or lease transactions Financial information will not include fund equity inf 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 $ 1 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) Developer advance $ 1,901 2-21 Transfer to other fund $ 247 2-22 $ - 2-P3 TOTAL REVENUE all sources $ 2,149 i 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 $ 10,923 3-2 Salaries $ 3-3 Payroll taxes $ 184 3-4 Contract services $ 3-5 Employee benefits $ 3.6 Insurance $ 1,678 3-7 Accounting and legal fees $ 25,940 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 Contnbution to pension plan $ - 3-20 Contnbution to FPPA $ 3-21 Other(specify) Miscellaneous $ 1,776 3-22 Interest expense on developer advance $ 30,768 3-23 Transfer from other fund $ 247 3-24 $ 3-25 TOTAL EXPENDITURES all categones $ 71,516 Page 2 PART 4- DEBT OUTSTANDING, ISSUED AND RETIRED Please answer the following questions by marking the appropriate boxes Yes No 4-1 Does 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 during Retired dunng Outstanding at applicable end of pnor year fiscal year fiscal year fiscal year end General obligation bonds $ - $ - $ - $ - Revenue bonds $ - $ - $ - $ Notes/loans $ - $ $ - $ - Leases $ - $ - $ - $ Developer Advances $ 673,709 $ 20,626 $ - $ 694,335 Other(specify) Interest on day Adv Enterpnse $ 54,853 $ 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? $ 2,318,000,000 Date the debt was authorized 11/2/2004 - ': _ 4-3 Does the entity intend to issue debt within the next calendar year(2010)7 X If yes How much? I $ 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 $ - ifit=�%xa"' � ` Please answer the following questions by marking the appropriate boxes Yes No ' 4-5 Does the entity have any lease agreements? Xmwr If yes What is being leased �ss��"a • What is the original date of the lease? """`• -'" • -��:.'- Number of years of lease? „Kd .. y;17 f is the lease subject to annual appropriation? Sri What are the annual lease payments? $ [°•-',mm. _ ` PART 5 -CASH AND INVESTMENTS Please provide the entity's cash deposit and investment balances Amount Total $ $ 241 1;, .::assn,._" 5.1 Checking Accounts - 5.2 Savings Accounts 5.3 Certificates of Deposit - r :,a•, .m:.: Total Cash Deposits ` ,--ArSi .-:.;'"L'id-::;.$ x.:aur 241, Investments if investment is a mutual fund, lease list underlying investments 5-4 $ x c✓c7.- 5-6 5-7 $ - a,„ Total Investments Per- ",.`>f�- $ Total Cash and Investments 'C4,A;i`;';;°c""7~';e $ 241 Please answer the following question by marking in the appropriate box Yes No 5-8 Are the entity's deposits in an eligible(PDPA)public depository(Sec 11-10 5-101 et x seq,C R S)? If no,please explain • Page 3 PART 6-CAPITAL ASSETS I 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 preformed an annual inventory of propery 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 Balance-End Year Additions Deletions of the Year Land $ - $ - $ - $ - Buildings $ - $ - $ - $ - Machinery and equipment $ - $ - $ - $ - Furniture and fixtures $ - $ - $ - $ - Infrastructure $ 87,204 $ - $ - $ 87,204 Other(explain) $ - $ - $ - $ I PART 7 -PENSION INFORMATION J Please answer the following questions by marking In the appropriate boxes Yes No 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 »; u$!: vh l s t 't Indicate the contributions from Tax (Properly,SO,Sales,etc) $ - r urr•n r cs5 State Contnbution Amount $ - '�' S'" � Other (Gifts,Donations,etc) $ - ea + •:: , What is the monthly benefit paid for 20 years of service per retiree $ - =`" =s as of Jan 1st? r:a+gtii3gr...•:•:.».n :rvp vsH=`-%n, PART 8-BUDGET INFORMATION I 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 Affairs? If no,please X explain If yes Please indicate the amount appropnated for each fund for 2009 ,•- -•�--••-•• - -^ Fund Name Budgeted 2009 Expenditures General Fund $ 128,000 . ,,,,,._.µ.,,.,.,,. . Enterprise Fund $ 85,000 `:It' ""'"'°'"'=u19—rr . t' 4` PART 9-TABOR Please answer the following question by marking in the appropriate box Yes No 9.1 is the entity in compliance with all the provisions of TABOR[State Constitution Article X X,Section 20(5)]? If no,please explain w�v Note An election to exempt the government from the spending limitations of TABOR does not mJ '"'"?tC exempt the government from the 3%emergency reserve requirement All governments should < or determine if they meet this requirement of TABOR or „ • o <nu : PART 10-GENERAL INFORMATION I Please answer the following questions by marking in the appropriate boxes Yes No 10-1 Is the entity a newly formed governmental entity? .. X If es Date of formation #' - Vi'µ w:: y..r3•.7, ='f 10.2 Is the enti a metro..Man district? X 10.3 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 q 10-4 Does the entity have an agreeement with another government to provide services? I X If yes List the name of the other government entity and the services provided o fr• sem,y.„vt-l " r:t " ;n ". nziMin a'7i?:mvxzSi»':y4:5' vL-r a'> Page 4 PART 11 -GOVERNING BODY APPROVAL We,the undersigned,certify that this Application for Exemption from Audit has been Prepared consistent with Section 29-1-604,C R S,which states that an Application with revenues and expenditures of 3100,000 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 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 Name(print names of all current members of Date Term Original Signe ( less e=olution Is the governing body) Expires a � 1 Chnstopher R Paulson May 2012 2 Joel H Farkas May 2010 • a.3 William V Hibbert May2010 y 1.414, 4 Jack E Reutzel May 2012 CrnkkgClif\r/t-1 5 Toni L Serra May 2010 6 7 Page 5 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 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 prescnbed form in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. Our compilation was 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 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 Distnct. /LP Greenwood Village, Colorado February 27, 2010 Offices in 16 states and Washington, D( HLB international MEMORANDUM To: Weld County, CO From: McGeady Sisneros, PC Date: July 25, 2009 Re: Resource Colorado Water and Sanitation Metropolitan District Election Authorization as of 12/31/09 Principal Amount of Principal Amount Principal Amount Authorization of Authorization of Authorized Debt Used Remaining Purpose- Improvments 5A Streets S324,000,000.00 $0.00 $324,000,000.00 58 Water Supply System $324,000,000.00 $0.00 S324,000,000.00 5C Sanitary Sewer System $324,000,000.00 $0.00 $324,000,000.00 5D Mosquito Control $324,000,000.00 $0.00 $324,000,000.00 Purpose -Other Authorizations Refunding of District debt or other 5E obligations $324,000,000.00 $0.00 $324,000,000.00 IGAs that are MFY obligations: payable from unlimited ad valorem 5F property tax levy $324,000,000.00 $0.00 $324,000,000.00 Operating Expenses and Reimbursement of Operating 5G Advances to the District $50,000,000.00 $0.00 $50,000,000.00 IGAs that are MFY obligations: payable from unlimited ad valorem 5H property tax levy $324,000,000.00 $0.00 $324,000,000.00 IGAs for Regional Improvements 51 that are MFY obligations Allowed Authority to Collect/Spend Facilities 5J Fees, charges, tap fees Allowed Note: IGA = Intergovernmental Agreement: MFY =Multiple Fiscal Year Debt: All authorized debt is in the form of revenue bonds or other obligations of the District including but not limted to contracts, leases and other agreements, except as otherwise noted. Date of Last Election: November 2. 2004 C:\DOCUME-1\JENNIF-1\LOCALS-1\Temp\MetaTemp\Resource Colo W S 2008 Annual Rprt-Debt author. 12- Page 1 31-08 (00151564) Hello