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Home My WebLink About20052442.tiff RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT 141 Union Boulevard, Suite 150 Lakewood, Colorado 80228-1898 Tel: (303) 987-0835 Fax: (303) 987-2032 July 29, 2005 Weld County Board of County Commissioners P.O. Box 758 Greely, CO 80632 RE: Resource Colorado Water and Sanitation Metropolitan District; 2004 Annual Report To whom it may concern: Enclosed is the 2004 Annual Report for the Resource Colorado Water and Sanitation Metropolitan District . If you have any questions or need additional information, please call me at 303-987-0835 . Sincerely, Marina Wilson by 1-8- Assistant to Joel Meggers District Manager cc : Board of Directors McGeady Sisneros, P. C. -Elisabeth Cortese Enclosures 2005-2442 {00026002.DOC v:11 O8 -�s-a ec". cik • ANNUAL REPORT (Year Ending December 31, 2004) RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT (THE "DISTRICT") Pursuant to Section VII. of the Service Plan for the District approved July 19, 2004, the District hereby submits the following information and attachments. A. Changes in the District's taxing boundary or Service Area boundary. There were no changes in 2004. B. Intergovernmental Agreements The District did not enter into any intergovernmental agreements in 2004. C. Changes in the District's rules and regulations The District did not adopt any rules and regulations during 2004. D. Summary of any litigation which involves the District The District was not involved in any litigation in 2004. E. Status of construction of improvements The District held its organizational meeting on December 14, 2004. The District did not construct any improvements in 2004. Preliminary design may commence in 2005. F. Annual audited financial statements of the District or appropriate exemptions from Audit The 2004 Application for Exemption from audit is attached hereto. G. Summary of total debt authorized, issued and outstanding See attached summary. (00026002DOC v:I( glifIltalZ. LLP SCf1 LLP Certified Public Accountants&Consultants ACCOUNTANTS' COMPILATION REPORT Resource Colorado Water and Sanitation Metropolitan District Board of Directors 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, 2004, included in the accompanying prescribed 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 Colorado State Auditor's Office, which 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. e /#4,_ t t ,o Greenwood Village, Colorado March 15, 2005 Offices in 14 states and Washington,DC `yaiaiieinvomenwt Application for Exemption from Audit For the year ended December 31, 2004 Resource Colorado Water and Entity: Sanitation Metropolitan District Contact Person: Jason Carroll 6399 South Fiddler's Green Circle,Suite 100 Address: Greenwood Village,CO 80111 Telephone: 303-779-5710 Check here if address changed from previous year: The Local Government Audit Law, Section 29-1-604, C.R.S., requires local governments to meet the following criteria in order to be considered for approval for exemption from audit requirements by the Office of the State Auditor. Revenues or Expenditures Exempt from Audit? Who completes exemption form? Less than$100,000 Yes *Person skilled in governmental accounting At least$100,000 but not more Yes "'Independent accountant with knowledge of than$500,000 governmental accounting More than$500,000 No Not Applicable (Audit is required) •This means posceccing sufficient knowledge of governmental accounting to complete the exemption form. ••Independent means someone who is separate from the entity. Certification of Preparer I certify that I meet the requirements above to complete this Application for Exemption from Audit and that the information in this Application is complete and accurate to the best of my knowledge. Name: Jason Carroll Title: Accountant for the District Firm Name: Clifton Gunderson LLP Firm Address: 6399 South Fiddler's Green Circle, Suite 100,Greenwood Village,CO 80111 Date Prepared: March 15,2005 Phone Number: 303-779-5710 SIGNATURE: See Accountant's Compilation Report The Audit Law requires that a person independent of the entity complete the Application if revenues or expenditures are at least$100,000 but not more than$500,000. Please describe what your relationship is with the entity. CPA firm with extensive governmental accounting and auditing experience providing financial Accounting services to the District. Application for Exemption from Audit—Revised 11/04 1 Governing Body Approval We,the undersigned,certify that this Application for Exemption has been: • Prepared consistent with Section 29-1-604, C.R.S., which states that an application with revenues or expenditures at least$100,000 but not more than $500,000 must be prepared by an independent accountant with knowledge of governmental accounting OR an application with revenues or expenditures less than $100,000 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. Date Term Name(please print or type) Expires Si e Harvey Deutsch May 2008 Joel Farkas May 2006 Jack Reutzel May 2008 Toni Serra May 2006 Steven Deutsch May 2008 Application for Exemption from Audit—Revised 11/04 2 General Questions Concerning the Entity Yes No 1. Is the entity a metropolitan district? If yes,describe the services that your entity provides? Water,sanitation,and drainage facilities,together with ancillary street and mosquito control improvements. X 2. Is the entity newly formed? X If yes,provide date created November 29,2004 • 3. Does the entity have an agreement with another entity to provide services? X�sW If yes,list the type of service and name of other government entity. 4. Does the entity have a volunteer fire pension plan? X If yes,who administers the plan? , Contributions from: Local property tax $ Other 5. Does the entity have an "old hire" fire pension plan? X 6. Does the entity have land,buildings and equipment? X 7. Does the entity have cash and cash equivalents recorded on the balance ■ X sheet? (Page 12 of Long Form or Page 10 of Short Form of this application) yes: r ,. If - Are the entity's deposits in an eligible public depository in accordance with Colorado PDPA guidelines? (Section 11-10.5- 101 et.seq.,C.R.S.) Are the entity's deposits covered by Federal Insurance(FDIC)?If the entity's deposits,in any one bank,are in excess of$100,000: Is your PDPA eligible depository collateralizing your funds at 102%? (Section 11-10.5-107(5),C.R.S.) If the entity's deposits are less than $100,000 PDPA would not apply to your entity. 1 P F M`7 4r Application for Exemption from Audit—Revised 11/04 3 Yes No If no to any of the above,please explain: 8. Please list the amount and types of investments your entity holds in accordance with Section 24-75-601.1,C.R.S. If the investments are mutual • funds,please list each type of investment within the mutual fund None $ ; 9. Did the entity, as defined by Section 29-1-102 (13),C.R.S.,file a budget with X the Department of Local Affairs? If no,please explain: } 10. Please list the expenditure's portion of the adopted budget for the fiscal year r , of this application, including any supplementals. This includes all local governments under the Local Government Audit Law in accordance with Section 29-1-605 (1) (a), C.R.S. (A budget to actual statement may be . substituted.) Fund Name Adopted budget t'' General $50,000 11. Does the entity have debt? X If yes: (please attach debt schedule) Is the debt schedule attached? Is the entity current in its debt service payments? If no for either of the above,please explain: " i 12. Does the entity have any authorized,but unissued, bonds? X If yes,what amount? $ 2,318,000,000 i What year(s)authorized?2004 + '* 13. Does the entity have refunded/defeased debt? X If yes, include amount outstanding? l`"; 14. Does the entity have any lease agreements? X If yes: ' Application for Exemption from Audit—Revised 11/04 4 Yes No What is being leased? -big'`' What is the original date of the lease? ' Number of year of lease? ids 1x Is this lease subject to annual appropriation? v What are the entity's annual lease payments?$ 15. Is TABOR applicable to the entity? X If no, please explain? �, v If yes: Does the entity believe it is in compliance with all provisions of X TABOR? [State Constitution Article X,Section 20(5)] An election to exempt the entity from the spending limitation requirement does not exempt the entity from the 3%emergency reserve requirement. 16. Supplemental information for questions and schedules: Question/ Comment Schedule 15. In November 2004,the voters of the District approved a ballot measure that exempts the District from the spending limit associated with TABOR. 17. Mail the original and one copy to: Office of the State Auditor Local Government Audits Legislative Services Building 200 E. 14th Avenue Denver,CO 80203-2211 Application for Exemption from Audit—Revised 11/04 5 This form is to be used only if Total Revenues or Total Expenditures are less than$100,000 Application for Exemption from Audit Balance Sheet Governmental General Capital Assets a Lao Fund Fund Long-term Debt Calculations I Assets+ 2 Cash&Cash Equivalents(including CDs) + 3 Investments _ z' 4 Capital Assets -,_ + 5 Land + 6 Buildings+ 7 Machinery and Equipment + 8 Furniture and Fixtures - 9 Accumulated Depreciation enter amount as a negative(-)number 10 Other: (specify) --- + 11 + 12 . .....!. + 13 + 14 15 Total Assets 0 0 0 16 17 Liabilities and Fund Equity IS Liabilities + 19 Accounts Payable 7 + 20 Loans/Bonds Payable CP 21 Other: (specify) m + 22 + 23 m + 24 L + = 25 Total Liabilities 0 0 0 26 Equity 27 Investment in Capital Assets,Net of Related Deb + 28 TABOR Emergency Reserves + 29 Undesignated/Unreserved -' + = 30 Total Equity 0 0 0 31 Total Liabilities and Equity o 0 0 Note: Attach additional sheets as necessary. For assistance in completing these financial forms,see the Application instructions. This form is to be used only If Total Revenues or Total Expenditures are las than 5100,000 Application for Exemption from Audit Operating Statement General Las Fund Fund Total Calculations i Revenues �. x+'+., ;� t , , + 2 Taxes 0 + 3 Grants 0 + 4 0 + 5 0 + 6 Conservation Trust Fund 0 + 7 Fire&Police Pension 0 + a Charges for Saks and Services 0 + 9 Interest/Investment Income 0 + 10 Proceeds from Sale of Capital Assets 0 + 11 Other: (specify) 0 + 12 0 t I3 0 t = u Total Revenues 0 0 0 15 Expenditures 'o, + 16 General Operating&Administrative 0 t n Salaries 0 t is Payroll Taxes 0 t 19 Contract Services 0 + 20 Employee Benefits 0 + 21 Contribution to FPPA 0 + 22 Insurance 0 + a Accounting and Legal Fees 0 + 24 Repair and Maintenance 0 + 25 Supplies 0 + 26 Utilities 0 + 27 Capital Outlay 0 2s Debt Service + 29 Debt Principal 0 + 30 Interest 0 31 Other: 0 + 32 0 - = 33 Total Expenditures 0 0 0 t = M Net Revenue over Expenditures 0 0 0 is Less: Depreciation 0 + = 36 Net Revenue over Expenditures,Net of Depreciation 0 0 0 Fund Equity,January f + 39(from December 31 prior year report) 0 0 0 Fund Equity,December 31 30(this total should be the same as line 30 on page 10) 0 0 0 MEMORANDUM To: Weld County Colorado From: McGeady Sisneros, PC Date: July 31, 2005 Re: Resource Colorado Water and Sanitation Metropolitan District Election Authorization rrry��, m > s h ' . ' , box .rxA.,'' `a ,fr ✓I t.?i ,,A44:1$a1'l'. a,'Rtt '1! Ary? 'r*`d�1 9a '�,Fl iji YuYI •6}'Y�',`�C, ;t1' .. r � i P'eK"'. ,a'�sFX� a �. ft�i', Ptu 1"i1L t Purpose Streets $324,000,000.00 $0.00 $324,000,000.00 Water Supply System $324,000,000.00 $0.00 $324,000,000.00 Sanitary Sewer System $324,000,000.00 $0.00 $324,000,000.00 Mosquito Control $324,000,000.00 $0.00 $324,000,000.00 l'iii �kC Wt( n r .�p�qp kra'+b:.^ ". �M4i"�n, i.&. 'i, 'J +� �, A2,96,000,00-01, O&M Debt $50,000,000.00 $0.00 $50,000,000.00 Refinancing $324,000,000.00 $0.00 $324,000,000.00 Operations and Maintenance $324,000,000.00 $0.00 $324,000,000.00 Operations Expenses or Advances $50,000,000.00 $0.00 $50,000,000.00 IGA for Debt $324,000,000.00 $0.00 $324,000,000.00 IGA for Regional Improvements Allowed Authority to Collect/Spend Facilities Fees, charges, tap fees Allowed Date of Last Election: November 2, 2004 00041875.XLS V:1 Hello