HomeMy WebLinkAbout20152655.tiff RECEIVED
JUL 3 0 2015
ANNUAL REPORT
WELD COUNTY
(Year Ending December 31, 2014) COMMISSIONERS
RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT
(THE "DISTRICT")
Pursuant to Section VIII of the Service Plan for the District approved August 25, 2004 by Weld
County, 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 to the District's taxing boundary or service area boundary in
2014.
B. Intergovernmental Agreements
The District entered into a Memorandum of Understanding with Pioneer Regional
Metropolitan District as of November 13, 2014.
C. Changes in the District's rules and regulations
The District did not amend its rules and regulations in 2014.
D. Summary of any litigation which involves the District
The District is not currently involved in any litigation.
E. Status of construction of improvements
The District did not construct any improvements in 2014.
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,
2014 is attached hereto.
G. Summary of total debt authorized, issued and outstanding
See attached summary.
12 2015-2655
4t- 5-i5 S7 olaa-
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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 District For the Year
Address: 8390 East Crescent Parkway Endue December
Suite 500 or fiscal year ended
Greenwood Village,CO 80111
Contact Person: Jason Carroll
Telephone: 303-779-5710
Email: Jason.Carroll@CLAConnect.com
Fax: 303-779-0348
Return to: Office of the State Auditor
Local Government Audit Division PLEASE READ THE
1525 Sherman St.,7th Floor ABOVE INSTRUCTIONS
Denver,CO 80203 BEFORE SUBMITTING
Fax:303-866-4062
Email: OSA.LG@state.co.us
Call(303)869-3000 if you need help completing this form.
Section 29-1-604,C.R.S.,outlines the provisions for an exemption from audit. Generally,any local government for which
neither revenues nor expenditures exceed$500,000 in any year may qualify for an exemption.
If either revenues or expenditures are$100,000 or greater,but not more than$500,000,you may NOT use this
form.Please use the LONG FORM of this application.If both revenues and expenditures are less than$100,000
individually,use this short form application for exemption from audit.
Please review ALL instructions prior to the completion of this form.
Instructions:
1. Prepare this form completely and accurately. Please note that there are 11 parts to this form,and all questions
must be answered for the application to be considered complete.
2. File this form with the Office of the State Auditor within 3 months after the end of the 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 body-application may be emailed,faxed,or mailed.
b.Original signatures-application must be mailed. Email or fax will NOT be accepted.
5. The preparer must sign the application that is submitted in order for it to be accepted.
6. Additional information may be attached to the exemption at the preparer's discretion.
CERTIFICATION OF PREPARER
I certify that I am skilled in governmental accounting and that the information in the application is complete and accurate,to the best of my
knowledge.
Name: Jason Carroll
Title: Accountant for the District
Firm Name(if applicable): CliftonLarsonAllen LLP
Address: 8390 East Crescent Parkway,Suite 500 Greenwood Village,CO 80111
Telephone Number. 303-779-5710
Date Prepared: February 19,2015
Preparer Signature (Required): The application will be rejected if not signed by the preparer.
SEE ATTACHED ACCOUNTANT'S COMPILATION REPORT.
--- ------
Please indicate whether the following financial information is Governmental Proprietary
recorded using Governmental or Proprietary fund types 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 information.
Line# Description (Omit cents)
2-1 Taxes: Property $
2-2 Specific ownership $ -
2-3 Sales and use $ -
2-4 Other(specify): $ -
2-5 Licenses and permits $
2-6 Intergovernmental:Grants $
2-7 Conservation Trust Funds(Lottery) $ -
2-8 Highway Users Tax Funds(HUTF) $
2-9 Other(specify): $ ---
2-10 Charges for services $ -
2-11 Fines and forfeits $
2-12 Special assessments $ -
2-13 Investment income $
2-14 Charges for utility services $
2-15 Debt proceeds (should agree with line 4-3,column 2) $ -
2-16 Lease proceeds $ -
2-17 Developer Advances received (should agree with line 4-3) $ -
2-18 Proceeds from sale of capital assets $ -
2-19 Fire and police pension $ -
2-20 Donations $
2-21 Other(specify): $ -
2-22 Transfer from Pioneer Regional $ 15,300
2-23 $ -
2-24 (add lines 2-1 through 2-23) TOTAL REVENUE all sources $ 15,300
PART 3-EXPENDITURES II
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 rot include fund equity information.
Line# Description (Omit cents)
3-1 Administrative $ 7,739
3-2 Salaries $ -
3-3 Payroll taxes $ -
3-4 Contract services $
3-5 Employee benefits $
3-6 Insurance $ 1,298
3-7 Accounting and legal fees $ 14,307
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 (should agree with Part 6) $
3-17 Debt service principal (should agree with Part 4) $ -
3-18 Debt service interest $ -
3-19 Repayment of Developer Advances (should agree with line 4-3) $
3-20 Contribution to pension plan (should agree to line 7-2) $ -
3-21 Contribution to Fire&Police Pension Assoc. (should agree to line 7-2) $ -
3-22 Other(specify): $ -
3-23 $
3-24 $ -
3-25 (add lines 3-1 through 3-24) TOTAL EXPENDITURES all categories $ 23,344
Note: If Total Revenue(Line 2-24)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
Please answer the following questions by marking the appropriate boxes. Yes No
4-1 Does the entity have outstanding debt? X
Is the debt repayment schedule attached?If no,please explain: X
The Districts debt is composed of Developer Advances,which are not general obligation debt.Repayment of M.
S f ,;i (,% // / ;"'F t
advances is subject to annual appropriation if and when eligible funds become available. / y/ �1/i,/ ////
ggi
4-2 Is the entity current in its debt service payments?If no,please explain. X
The Districts debt is comprised of Developer Advances,which are not general obligation debt.Repayment of �'' // /� // ;off'/ / '
Lii
advances is subject to annual appropriation if and when eligible funds become available. / '/� .F ` /%`%
19 // // /i ii0%G�//i/ f/��,
1/ i /cicfa;,
4.3 Please complete the following debt schedule,if applicable:
(please only include principal amounts) Outstanding at Issued during Retired during Outstanding at
end of prior year year year year-end
General obligation bonds $ - $ - $ - $ -
Revenue bonds $ - $ - $ - $ -
Notes/Loans $ - $ - $ $ -
Leases $ $ - $ - $ -
Developer Advances $ 135,054 $ $ - $ 135,054
Other(specify):Accrued interest $ 30,053 $ 10,804 $ - $ 40,857
Total: $ 165,107 $ 10,804 $ $ 175,911
Please answer the following questions by marking the appropriate boxes. Yes No
4-4 Does the entit have an authorized,but unissued,debt'? X
/ / ,/r/// of s/.
If yes: How much? $ 2,318,000,000 00 ST:59,4WX1i)i/, �iArf k f/7 f
Date the debt was authorized: 11/02/2004 ,,,,;,„J/,, ,,; ,;,rY,r ,�:„/
4-5 Does the entit intend to issue debt within the next calendar ear? Ih/ //O/ X
If yes: How much? $ - ra s;.,,: ,.�e;�a;<ye -;„i srtzys
Please answer the following questions by marking the appropriate boxes. f Yes No
4-6 Does the entity have debt that has been refinanced that it is still responsible for? 1 X
If yes: What is the amount outstanding? $ -
Please answer the following questions by marking the appropriate boxes. Yes No
4-7 Does the entity have any lease agreements? X
If yes: What is being leased? ITVIESIMSEMMMIE
What is the orginal date of the ease ,a %k"/ /' `/
7/�:
Number of ears of lease? nnl / /fS.,E%/Wy`/;%r'
Is the lease subject to annual appropriation?
What are the annual lease payments'? $ - ;, ;„ :; k%!?s/.tia
Please use this space to provide any explanations or comments:
4-8
PART 5-CASH AND INVESTMENTS
Please provide the entity's cash deposit and investment balances. Amount Total
5-1 Checking accounts 705 / // / j
5-2 Savings accounts $ c f?.%//£''y�%
5-3 Certificates of deposit $ ,,i,,,,,,,44:;..•,:%.,;;.:,.:•.;;;.,;
%//%��/!%
Total Cash Deposits ggat 4ig $ 705
,Investments(if investment is a mutual fund please list underlying investments: s, %!,,., RA'z ;<,,/ ' ,;//5-4 ,.,$ hoe/ � "/
5-5 $ /N'/ yr/ '�
, //
5_g $ / //Y y/ ii)
i ie// //
5-7
a yff, oil
Total Investmentsr $
Total Cash and Investments .4:4:.:,,:,4;(b,/;;;(4.'w,,."'4' s $ 705
Please answer the following question by marking in the appropriate box Yes No
5-8 Are the entity's deposits in an eligible(Public Deposit Protection Act)public depository(Section 11-10.5- X
101,et seq.C.R.S.)? If no,please explain.
Please use this space to provide any explanations or comments:
5-9
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 capital assets? X
If yes: Has the entity performed an annual inventory of capital assets in accordance with Section 29-1-506, X
C.R,S.,?If no,please explain:
/�//i/%4%/f //i r/f %�3/
////.r ri f/J 1�/ "ru
;iii/;:;.,,?qf:./ L'ITP. :Vi'r <%'
Complete the following table: Balance-
beginning of the Additions Deletions Year-End
Balance
year
Land $ - $ - $ - $ -
Buildings $ - $ - $ - $ -
Machinery and equipment $ - $ - $ - $ -
Furniture and fixtures $ - $ - $ - $ -
Construction In Progress(CIP) $ - $ - $ - $
Other(explain):Infrastructure $ 87,204 $ $ $ 87,204
Accumulated Depreciation $ $ - $ - $ -
Total $ 87,204 $ - $ $ 87,204
Please use this space to provide any explanations or comments:
6-2
PART 7-PENSION INFORMATION
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? /s ,/,/ /, %
Indicate the contributions from: /. //// .. '/i/i,// ;//„
Tax(property,SO,sales,etc.): I$ ,/ ��'iFs /' / 'H�
State contribution amount: $ � s /is"3 ��'*`""'
Other(gifts,donations,etc.): $ - /.
Total: $ - / sj'N%1%'0/s//'/
What is the monthly benefit paid for 20 years of service per retiree as of Jan 1? $ - hi/nsiyi.43i;3%Gh;�'f//%/ /f ,
Please use this space to provide any explanations or comments:
7-3
PART 8-BUDGET INFORMATION
Please answer the following questions by marking in the appropriate boxes. Yes No
8-1 Did the entity file a budget with the Department of Local Affairs for the current year? If no,please X
re5g4'4400,44%1444!
§// / %' / /f / /.'/
i/ A< //a i:4
8-2 Did the entit •ass an a••ro•riations resolution?In no, .lease explain:
'kg[4ftFttgOft4nnt,
If yes: Please indicate the amount a••ro riated for each fund for the ear ;",'''ti"''%`g /ipu ER# i uo:
Fund Name Budgeted Ex•enditures .`.' % ;,% %/%r *ifyl,.
Amended Front Ran•e Enter•rise Fund $ 25 000 %i/'9i75 Crag �/i% l g.'
$ S / 4, /.`,/f/3> /.a/
Please use this space to provide any explanations or comments:
8-3
Page 4
1 PART 9-TAX PAYER'S BILL OF RIGHTS(TABOR)
Please answer the following question by marking in the appropriate box Yes No
9-1 X
Is the entity in compliance with all the provisions of TABOR[State Constitution,Article X,Section 20(5)]?
Note: An election to exempt the government from the spending limitations of TABOR does not exempt the government ,5�'V�,r/ii j,,:� rf y;;�! H,
iaF r / i /t r
from the 3 percent emergency reserve requirement.All governments should determine if they meet this requirement of �r d/�j i'i� j iii/ly i ;'
'i7 it ✓,
TABOR.
Please use this space to provide any explanations or comments:
9-2
PART 10-GENERAL INFORMATION
Please answer the following questions by marking in the appropriate boxes. Yes No
10-1 Is this application for a newly formed governmental entity? X
If yes: Date of formation: I s id""/'!/'s''"'f!/','�%f%'%
10-2 Has the entity changed its name in the past or current year?
If Yes: Please list the NEW name&PRIOR name:
10-3 Is the entit a metro•olitan district? X
10-4 Please indicate what services the entity provides: r;, �
construction,installation,financing and operation of public improvements,including water and sanitary , f phi g,g; ,� ._r j,;/t. )0
sewer %, 'y'''Og i 4 fi�'r/iti g
10-5 Does the entity have an agreement with another government to provide services? X
If yes: List the name of the other governmental entity and the services provided:
/'iii/ /fir/,.,/i%:/f/
10-6 Has the district filed a Title 32,Article 1 Special District Notice of Inactive Status during the year?
[Applicable to Title 32 special districts only,pursuant to Sections 32-1-103(9.3)and 32-1-104(3),
C.R.S.] X
If yes: Date Filed: F s/q,/:4 /4 /s/y=RR
10.7 Please use this space to provide any explanations or comments:
Page 5
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PART 11 -GOVERNING BODY APPROVAL �I
Below is the certification and approval of the governing board. By signing the board member Is certifying they are a duly elected or appointed officer of the local governrnertt Governing
board members may be verified.Also by signing.the board member certifies that this Application for Exemption from Audit has peen prepared consistent am Section ZB-r-604 F h
which states that a governmental agency with revenue and expenditures of 8100,000 or less must have an application prepared by a person skilled in governmental accounting completed
to the best of their knowledge and is accurate and true, Use additional pages if needed.
Print the names of all current A MAJORITY of the governing board members must complete and sign in the column
Print Board Members Name I,Toni L. Serra, attest I ama duly elected or appointed board member, and I
have reviewq and approve4he application for exemption from audit.
Board Sig
ned r
Member Toni L.Serra .-- I 1
Date: �, I •
1 My term Expires: May 018
Print Board Members Name I,Joel . F- kas, attest I am a duly elected or appointed board member, and I
have evie -nd approve the application for exemption from audit.
Board — Sign
Member Joel H.Farkas
Date:
2 t
My term *xpires:May 2018
Print Board Members Name I,John"Mick"Todd, attest I am a duly elected or appointed board member, and I
have reviewed and approve the application for exemption from audit.
Board Signed
Member John"Mick"Todd
Date:
3 My term Expires: May 2016
Print Board Members Name I,Jean Gold, attest I am a duly elected or appointed board member, and I have
reviewed and ap rove the applicgtion for exemption from audit.
Board Jean Gold Signed s Lf� 4,-
Member Date 1'
My term Exp ies. May 2016
Print Board Members Name I, , attest I am a duly elected or appointed board member,and
I have reviewed and approve the application for exemption from audit.
Board Signed
Member Date:
5 My term Expires:
Print Board Members Name
Board
Member
6
Print Board Members Name
Board
Member
7
Page 6
I, 7.s, CliftonLarsonAllen LLP
a',TVA
www.cliftonlarsonallen.com
CliftonLarsonAllen
Accountant's Compilation Report
Board of Directors
Resource Colorado Water&Sanitation Metropolitan District
Weld County,Colorado
We have compiled the Application for Exemption from Audit of Resource Colorado Water & Sanitation
Metropolitan District as of and for the year ended December 31, 2014, included in the accompanying
prescribed form. Our compilation is limited to presenting, in the form prescribed by the Colorado State
Auditor's Office, information that is the representation of management. We have not audited or reviewed
the accompanying Application for Exemption from Audit and, accordingly, do not express an opinion or
provide any assurance about whether the Application for Exemption from Audit is in accordance with
accounting principles generally accepted in the United States of America.
Management is responsible for the preparation and fair presentation of the Application for Exemption from
Audit in accordance with accounting principles generally accepted in the United States of America, and for
designing, implementing and maintaining internal control relevant to the preparation and fair presentation
of the Application for Exemption from Audit.
Our responsibility is to conduct the compilation of the Application for Exemption from Audit in accordance
with Statements on Standards for Accounting and Review Services issued by the American Institute of
Certified Public Accountants.The objective of a compilation is to assist management in presenting financial
information within the Application for Exemption from Audit without undertaking to obtain or provide any
assurance that there are no material modifications that should be made to the Application for Exemption
from Audit.
The Application for Exemption from Audit is presented in accordance with the requirements of the Colorado
State Auditor's Office, which differ from accounting principles generally accepted in the United States of
America, This report is intended solely for the information and use of the Colorado State Auditor's Office
and is not intended to be and should not be used by anyone other than this specified party.
We are not independent with respect to Resource Colorado Water&Sanitation Metropolitan District.
ete/e.".4cyaiLba.e.). .. fc
Greenwood Village,Colorado
February 19, 2015
MEMORANDUM
To: Weld County, CO
From: McGeady Sisneros, PC
Date: July 30, 2014
Re: Resource Colorado Water and Sanitation Metropolitan District
Election Authorization as of 12/31/13
Principal
Principal Amount Amount of Principal Amount
of Authorized Authorization of Authorization
Debt Used Remaining
Purpose-Improvments
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
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.
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