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Home My WebLink About20152656.tiff i • McGeady Sisneros P.C. MCGEADY SISNEROS 450 E. 17th Avenue,Suite 400 Denver,Colorado 80203-12 1 4 303.592.4380 tel 303.592.4385 fax www.mcgeadysisneros.com July 31, 2015 RECEIVED VIA EMAIL AUG 0 3 2015 Ms. Esther Gesick WELD COUNTY Clerk to the Weld County BOCC COMMISSIONERS P.O. Box 758 Greeley, CO 80632 Re: Resource Colorado Water and Sanitation Metropolitan District Dear Ms. Gesick: Enclosed please find a courtesy copy of the 2013/2014 Annual Report To Southern Weld Advisory Board regarding the above-captioned District. If you have any questions, please contact me. Thank you. Very truly yours, MCGEADY SISNEROS,P.C. `IV5, Ret....„?5_____ Je nifcr S. Henry Paralegal cc: Board of Directors-Resource Colorado(via email only) Jason Carroll, CliftonLarsonAllen, LLP (via email only) Lisa Johnson and Karen Steggs, Special District Management Services, Inc. (via email only) O "1 2015-2656 {004061 69.DOC v:l } Sr)0/aa P, r RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT 2013 \2014 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 g 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, 2014. 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, 2014. 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, 2014, as preliminary planning and engineering was not completed as of year-end. Since its organization in 2004 through December 31, 2014, 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. P 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, 2014. 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 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 (00406166.DOC v:l }W\Clients\667\ServiceP1004061 66.DOC nontributary Laramie-Fox Hills Aquifer subject to the terms of the decree. The District no longer is the applicant nor has any interest in the above-referenced water rights as of approximately August, 2010. 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 2016. (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 years ended December 31, 2013 and December 31, 2014, copies of which are 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 "faxing Boundary or Service Area Boundary during 2013 and 2014. (c) Copies of Executed Intergovernmental Agreements. See Exhibit D attached hereto. {00406166 DOC v:1 { I (d) Names and Terms of Board Members and Contact Information. Vacant Term expires: 2016 David Foster, Assistant Secretary 360 S. Garfield St., 6th Floor Denver, CO 80209 Term expires: 2016 John"Mick" Todd, Secretary 2313 17th St. Greeley, CO 80634 Telephone: (970) 352-4980 Term expires: 2016 Toni L. Serra, Treasurer Gateway American Resources 9033 E. Easter Ave., Suite 112 Centennial, CO 80112 Telephone: (720) 362-5995 Fax: (720) 362-7116 Term expires: 2018 Joel H. Farkas, President Gateway American Resources 9033 E. Easter Ave., Suite 112 Centennial, CO 80112 Telephone: (720)362-5995 Fax: (720) 362-7116 Term expires: 2018 (e) Schedule and Locations of Regular Board Meetings. Meeting are 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. {00406166.DOC v:I } Respectfully submitted this day of JGt.� 2015 RESOURCE COLORADO WATER AND SANITATION METROPOLITAN I)15'Is It jt'` ' !t / By: Irident Attest Secretary Respectfully submitted this IQ_day of Jo Li" , 2015. RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT By: President Atte Secretar {00406166.DOC v'I } EXHIBIT A 2013 and 2014 Budgets {00406166 DOC v J } A-1 CliflonLarsonAllen LLP www.cliftonlarsonallen.com CliftonLarsonAllen Accountant's Compilation Report Board of Directors Resource Colorado Water and Sanitation Metropolitan District Weld County,Colorado We have compiled the accompanying forecasted budget of revenues, 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, 2013, including the forecasted estimate of comparative information for the year ending December 31, 2012,in accordance with attestation standards established by the American Institute of Certified Public Accountants. A compilation is limited to presenting, in the form of a 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 audited or reviewed the forecast and, accordingly, do not express an opinion or any other form of assurance about whether the accompanying P P budget of revenues, expenditures and fund balances or assumptions are in accordance with attestation standards generally accepted in the United States of America. 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 and circumstances occurring after the date of this report. Management is responsible for the preparation and fair presentation of the forecast in accordance with attestation standards 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 forecast. The actual historical information for the year 2011 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 31,2011. 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 Resource Colorado Water and Sanitation Metropolitan District. W22440ItgeLt- Greenwood Village, Colorado November 27,2012 RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRIC1 SUMMARY FORECASTED 2013 BUDGET AS ADOPTED WITH 2011 ACTUAL AND 2012 ESTIMATED For the Years Ended and Ending December 31, 11/27/2012 ACTUAL ESTIMATED ADOPTED 2011 2012 2013 BEGINNING FUND BALANCES $ (11,931) $ (426) $ 61 REVENUES I Developer advance 20,247 25,700 - 2 Net investment income 2 - 3 Other income 6,429 2,704 - 4 Transfer from Pioneer Regional - - 15,000 Total revenues 26,676 28,406 15,000 TRANSFERS IN - 206 - Total funds available 14,745 28,186 15,061 EXPENDITURES General and administration 5 Accounting 3,515 5,500 4,500 6 District management 8,400 8,400 4,500 7 Election - 500 - 8 Insurance - 1,399 1,500 9 Legal 3,256 12,000 4,500 10 Miscellaneous - 120 - Total expenditures 15,171 27,919 15,000 TRANSFERS OUT - 206 - Total expenditures and transfers out requiring appropriation 15,171 28.125 15.000 ENDING FUND BALANCES $ (426) $ 61 $ 61 This financial information should be read only in connection with the accompanying accountant's compilation report and summary of significant assumptions. 2 • RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT PROPERTY TAX SUMMARY INFORMATION For the Years Ended and Ending December 31, 11/27/2012 ACTUAL ESTIMATED ADOPTED 2011 2012 2013 ASSESSED VALUATION-WELD Agricultural $ 2,660 $ - $ 60 Certified Assessed Value $ 2,660 $ - $ 60 MILL LEVY GENERAL FUND Total Mill Levy PROPERTY TAXES GENERAL FUND $ - $ - $ Levied property taxes Budgeted Property Taxes $ - $ - $ _ BUDGETED PROPERTY TAXES GENERAL FUND $ - $ - $ _ $ - $ - $ This financial information should be read only in connection with the accompanying accountant's compilation report and summary of significant assumptions. 3 RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT GENERAL FUND FORECASTED 2013 BUDGET AS ADOPTED WITH 2011 ACTUAL AND 2012 ESTIMATED For the Years Ended and Ending December 31, 11/27/2012 ACTUAL ESTIMATED ADOPTED 2011 2012 2013 BEGINNING FUND BALANCES $ 177 $ 206 $ - REVENUES 1 Other income 29 - - Total revenues 29 - - Total funds available 206 206 - EXPENDITURES Total expenditures - - - TRANSFERS OUT ENTERPRISE FUND-FRONT RANGE - 206 - Total transfers out 206 - Total expenditures and transfers out requiring appropriation - 206 - ENDING FUND BALANCES $ 206 $ - $ - This financial information should be read only in connection with the accompanying accountant's compilation report and summary of significant assumptions. 4 RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT ENTERPRISE FUND FORECASTED 2013 BUDGET AS ADOPTED WITH 2011 ACTUAL AND 2012 ESTIMATED For the Years Ended and Ending December 31, 11/27/2012 ACTUAL ESTIMATED ADOPTED 2011 2012 2013 BEGINNING FUNDS AVAILABLE $ - $ - $ REVENUES Total revenues - - - Total funds available - - - EXPENDITURES Total expenditures - - - Total expenditures and transfers out requiring appropriation - - - ENDING FUNDS AVAILABLE $ - $ - $ - This financial information should be read only in connection with the accompanying panyl g accountant's compilation report and summary of significant assumptions. 5 RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT ENTERPRISE FUND-FRONT RANGE FORECASTED 2013 BUDGET AS ADOPTED WITH 2011 ACTUAL AND 2012 ESTIMATED For the Years Ended and Ending December 31, 11/27/2012 ACTUAL ESTIMATED ADOPTED 2011 2012 2013 BEGINNING FUNDS AVAILABLE $ (12,108) $ (632) $ 61 REVENUES 1 Developer advance 20,247 25,700 - 2 Net investment income - 2 - 3 Other income 6,400 2,704 - 4 Transfer from Pioneer Regional - - 15,000 Total revenues 26,647 28,406 15,000 TRANSFERS IN GENERAL FUND - 206 - Total transfers in - 206 - Total funds available 14,539 27,980 15,061 EXPENDITURES General and administration 5 Accounting 3,515 5,500 4,500 6 District management 8,400 8,400 4,500 7 Election - 500 - 8 Insurance - 1,399 1,500 9 Legal 3,256 12,000 4,500 10 Miscellaneous - 120 - Total expenditures 15,171 27,919 15,000 Total expenditures and transfers out requiring appropriation 15,171 27,919 15.000 ENDING FUNDS AVAILABLE $ (632) $ 61 $ 61 This financial information should be read only in connection with the accompanying accountant's compilation report and summary of significant assumptions. 6 RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT 2013 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 2013 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. Additionally, developer advances are required to eliminate previous fund balance deficits. 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. Debt and Leases The District has no outstanding debt or any operating or capital leases. Page 7 RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT 2013 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 2013, 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 8 1, John `Mick" Todd, hereby certify that i am the duly appointed Secretary of the Resource Colorado Water and Sanitation Metropolitan District, and that the foregoing is a true and correct copy of the budget for the budget year 2014, duly adopted at a meeting of the Board of Directors of the Resource Colorado Water and Sanitation Metropolitan District held on November 1, 2013. By; r Secrctap 4 ',.VNc!ttoif-� �r-ii5 'rOm CliftonLarsonAllen Accountant's Compilation Report Board of Directors Resource Colorado Water and Sanitation Metropolitan District Weld County, Colorado We have compiled the accompanying forecasted budget of revenues, 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, 2014, including the forecasted estimate of comparative information for the year ending December 31, 2013, in accordance with attestation standards established by the American Institute of Certified Public Accountants. A compilation is limited to presenting, in the form of a 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 audited or reviewed the forecast and, accordingly, do not express an opinion or any other form of assurance about whether the accompanying budget of revenues, expenditures and fund balances or assumptions are in accordance with attestation standards generally accepted in the United States of America, Furthermore, there will usually he 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 and circumstances occurring after the date of this report. Management is responsible for the preparation and fair presentation of the forecast in accordance with attestation standards 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 forecast flee actual historical information for the year 2012 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 31,2012. Management has elected to omit the summary of significant accounting policies required by the gnidclines 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 Resource Colorado Water and Sanitation Metropolitan District. egv&„5-4„..„aga,„_„. .15,0 Greenwood Village,Colorado November 25.2013 RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT SUMMARY FORECASTED 2014 BUDGET AS ADOPTED W1TN 2012 ACTUAL AND 2013 ESTIMATED For the Years Ended and Ending December 31, 11/25/2013 ACTUAL ESTIMATED ADOPTED 2012 2013 2014 BEGINNING FUND BALANCES S (2,035) S (426) $ 391 REVENUES 1 Developer advance 25,986 - 2 Net investment income 1 - - 3 Other income 2,705 - - 4 Transfer from Pioneer Regional - 18,500 15,000 Total revenues 28,692 18,500 15,000 TRANSFERS IN 206 Total funds available 26,863 18,074 15,391 EXPENDITURES General and administration 5 Accounting 6,000 5,500 4,500 6 District management 8,373 4,000 4,500 7 Insurance Ins► a � 1,399 1,000 1,000 8 Legal 11,231 3,633 4,500 9 Miscellaneous 80 3,550 500 Total expenditures 27,083 17,683 15,000 TRANSFERS OUT 206 Total expenditures and transfers out requiring appropriation 27,289 17,683 15,000 ENDING FUND BALANCES $ (426) S 391 S 391 This financial information should be read only in connection with the accompanying accountant's compilation report and summary of significant assumptions. RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT PROPERTY TAX SUMMARY INFORMATION For the Years Ended and Ending December 31, 1 1/25/201 3 ACTUAL ESTIMATED ADOPTED 2012 2013 201/1. ASSESSED VALUATION-WELD Agricultural S - s 60 $ 10,670 Certified Assessed Value S S 60 S 10,670 MILL LEVY GENERAL FUND Total Mill Levy • PROPERTY TAXES GENERAL.FUND S - S Levied property taxes Budgeted Property Taxes S - S S BUDGETED PROPERTY TAXES GENERAL FUND S S S 6 S S This financial information should be read only in connection with the accompanying accountant's compilation report and summary of significant assumptions. RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT GENERAL FUND FORECASTED 2014 BUDGET AS ADOPTED WITH 2012 ACTUAL AND 2013 ESTIMATED For the Years Ended and Ending December 31, I 1/25/2013 ACTUAL ESTIMATED ADOPTED 2012 2013 2.014 BEGINNING FUND BALANCES $ 206 $ - $ REVENUES Total revenues Total funds available 206 EXPENDITURES Total expenditures TRANSFERS OUT ENTERPRISE FUND-FRONT RANGE 206 _ Total transfers out 206 Total expenditures and transfers out requiring appropriation 206 . ENDING FUND BALANCES S - S - S This financial information should be read only in connection with the accompanying accountant's compilation report and summary of significant assumptions. 4 RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT ENTERPRISE FUND FORECASTED 2014 BUDGET AS ADOPTED WITH 2012 ACTUAL AND 2013 ESTIMATED For the Years Ended and Ending December 31, 11/25/2013 ACTUAL, ESTIMATED ADOPTED 2012 2013 2014 BEGINNING FUNDS AVAILABLE S S S REVENUES Total revenues Total funds available EXPENDITURES Total expenditures - Total expenditures and transfers out requiring appropriation ENDING FUNDS AVAILABLE This financial information should he read only in connection with the accompanying accountant's compilation report and summary of significant assumptions, RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT ENTERPRISE FUND- FRONT RANGE FORECASTED 2014 BUDGET AS ADOPTED WITH 2012 ACTUAL AND 2013 ESTIMATED Fur the Years Ended and Ending December 31, 11/25/2013 ACTUAL ESTIMATED ADOPTED 2012 2013 2014 BEGINNING FUNDS AVAILABLE S (2,241) S (426) $ 391 REVENUES 1 Developer advance 25,986 2 Net investment income 1 3 Other income 2,705 - 4 Transfer from Pioneer Regional - 18,500 15,000 Total revenues 28,692 18,500 15,000 TRANSFERS IN GENERAL FUND 206 Total transfers in 206 Total funds available 26,657 18,074 15,391 EXPENDITURES General and administration 5 Accounting 6,000 5,500 4,500 6 District management 8,373 4,000 4,500 7 Insurance 1,399 1,000 1,000 8 Legal 11,231 3,633 4,500 9 Miscellaneous 80 3,550 500 Total expenditures 27,083 17,683 15,000 Total expenditures and transfers out requiring appropriation 27,083 17,683 15,000 ENDING FUNDS AVAILABLE S 1426) S 391 S 391 This financial information should be read only in connection with the accompanying accountant's compilation report and summary of significant assumptions. 6 RESOURCE COLORADO WATER AND SANITATION METROPOLITAN DISTRICT 2014 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 1.6, 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 2013 arc 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. 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. Debt and Leases The District has no outstanding debt or any operating or capital leases. Reserve Emergency Reserve The District has provided for an emergency reserve fund equal to at least 3%of fiscal year spending for 2014, 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. 7 EXHIBIT B Applications for Exemption from Audits for the years ended December 31,2013 and December 31, 2014 {00406166 DOC v:1 1 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 Metropolitan District For the Fiscal Year Address: 8390 E.Crescent Parkway Ended December 31,2013 Suite 600 or fisca year ended: Greenwood Village,CO 80111 Contact Parson: Jason Carroll Telephone: 303-779-5710 Email: Jason.Carroll(a?CLAConnect.com Fax: 720-482-6668 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.LGgstate.co.us Call(303)869-3030 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 5500,000 in any fiscal year may qualify for an exemption. If either revenues or expenditures are$100,000 or greater,but not more than$500,000,you may NOT use this form.Please use the LONG FORM of this application.If both revenues and expenditures are less than$100,000 individually,use this short form application for exemption from audit. Please review ALL 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 and 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 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 tat I am skilled in governmental accounting and that the information in the application is comatete and accurate,to the hest of my Name: Jason Carroll Title. Accountant for tnv Distract Firm Name(if applicable): Cl'ftonLarsonAllen LLP Address: 8390 E.Crescent Parkway.Suite 503,Greenwood Village,Co 80111 Telephone Number: 303-779-5710 Date Prepared: 2i14/2014 I r4 (I,?r•Crf,cr ui!. The application will be rejected if not signed by the preparer. SEE ACCOUNTANTS COMPILATION REPORT Please indicate whether the following financial information is recorded Governmental Proprietary using Governmental or Proprietary fund types x PART 2-REVENUE REVENUE: All revenues for all funds must be reflected in ihls section,including proceeds from the sa:e of the government's land,bullcing,and equipment,and proceeds from debt or lease transactions. Financial Information wilt 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) $ 5,479 2-18 Proceeds from sale of capital assets $ - 2.19 Fire and police pension $ - 2-20 Other(specify): $ - 2-21 Transfers from Pioneer Regional $ 15;000 2-22 $ - 2-23 $ - 2-24 (add lines 2-1 through 2-23) TOTAL REVENUE all sources $ 20,479 11 PART 3-EXPENDITURES I EXPENDITURES: Ail expenditures for ail funds must be reflected in this section.including the purchase of capital assets and principal and interest payments or.long-term debt. Financial information will not include fund equity information, i Line# Description (Omit cents) 3-1 Administrative $ 6.044 3-2 Salaries $ - 3-3 Payroll taxes $ - 3-4 Contract services $ 3-5 Employee benefits $ - 3-6 Insurance 5 1,254 3-7 Accounting and legal fees $ 11,316 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 line 6-1.column 2) $ - 3-17 Debt service principal (should agree with line 4-3,column 2) $ - 3-18 bebt service interest S - 3-19 Repayment of DeveloperAdvances (should agree with line 4-3) 5 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 tines 3-1 through 3-24) TOTAL EXPENDITURES all categories $ 18,614 Note: If Total Revenue(Line 2-24) or Total Expenditures(Line 3-25)are greater than 5100,000-STOP. You may not use this form. Please use the"Application for Exemption from Audit-Long Form". 2 PART 4-DEBT OUTSTANDING, ISSUED,AND RETIRED _ J Please answer the following questions by marking the appropriate boxes. Yes No t- 4-1 Does the entity have outstanding debt? X Is the debt repaymen:schedule attached"If no,please explain: X Ire Divlr ut F,debt oh 4a'i.:v s a,,only payable as fords are a,a libla ri,In.f ' a fQ t'S ,,p$1" K 4 2 The C District's debt obligations are only asifunds lace available explain. N/A Is the Y payments? p ' payable — -- - e �t1�tSxf N�-ii i` �friF':�:�,?�� 4-3 Please complete the following debt schedule,if applicable: r Outstanding at Issued during Retired during Outstanding at (please only include principal amounts) end of prior year fiscal year fiscal year fiscal year-end General obligation bonds $ - $ - $ - $ Revenue bonds $ - $ - $ $ - Notes/Loans _ $ - $ - S - I $ - Leases __$ —.. ._$ - $ - $ - Developer Advances $ 129,575 $ 5,479 S - $ 135,054 Other(specify): - $ 19,387 $ 10,666 S - $ 30,353 Total: $ 148,962 $ 16,145-' $ - 5 165,107 Please answer the following questions by marking the appropriate boxes. Yes No 4-4 ~Does the entity have any authorized but unissued,debts X - If yes: How much? I S 2,31 8,000,030 +' ' i'i1�31n AT',.iii�i'i " V Date the debt was authorized' 1 11/02/2004 l t 1� ° t off lit 4-5 Does the entity Intend to Issue debt within the next calendar year(2013)? X If yes: How much? I $ - il'1't t.e 'V"r:'ire(t:ll etGjf''llikriiI(N i1ft Please answer the following questions by marking the appropriate boxes. Yes No 4-6 Does the entity have debt that has been refinanced that it is suit responsible for? X If yes: VVt+at is,he amount outstaricliria?_ -----__—_-I $ - j:JI;iir. - rr.I,,l ',;' +r r, ,,..-- 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? Z' I"l ' T. r tlir I itt 3 r„, I r„ itla.,* What is the original date of the lease? •.I � � w` '�..�.. Number of years of lease? `e1 1 llillt';II(,Il I tiMiI1 I r-;'!Milli Is the lease subject to annual appropriation? I. What are the annual lease payments? 1 5 1:'i'.13)!Djel*Iii!tilWrr,',Itni.lili$1041,.81111 Please use this space to provide any explanations or comments: 4-8 PART 5 -CASH AND INVESTMENTS Please provide lire entity's cash deposit and investment balances. Amount Total 5-1 Checking accounts $ 10' t" ,'M 5-2 Savings accounts $ 5-3 I Certificates of deposit $ `"rt rt y 'I" .. 7otat Cash Deposits Iii I li t_ . $ 105 Investments(if investment Is a mutual fund.please list underlying investments): it i0iti i til iii'S I t,i .................... 54 S i 5 6 - - g Ir!Ili 1 r VI: 5-g _ 5-7 S - ' i ill . ,t3i`Iliii Total Investments , N i S Total Cash and Investments •.,: il $ 105 Please answer the following question by marking in the appropriate box Yes No 5-8 Are the entity's deposiis 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: I 5-9 3 PART 6-CAPITAL ASSETS Please answer the following questions by marking in the appropriate boxes. I 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: Complete the following table: Balance- beginning of the Additions Deletions Year-End Balance year Land $ $ - $ - $ - Buildings $ - $ - $ - S - Machinery and equipment $ - $ - $ $ - Furniture and fixtures $ - $ - $ - $ - Construction in Progress(CIP) $ $ $ - $ - Other(explain):Infrastructure $ 87,204 $ - $ - $ 87,204 Accumulated Depreciation $ - $ - $ $ - Total $ 87,204 $ S - $ 87,204 !:!�MIgiii.#!!!!!S1.'iairan 4ni:l.: !: :unr:nr a rtli!ili,:rir,Vil Please use this space to provide any explanations or comments: :::, � ._ s � I� s�:,, s:;::,-:: 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? 4111111910,40,040#.$010,0 Indicate the contributions from: I a ...._ g tikiili�' g ,FCC'�� i Tax(property,SO,sales,etc.): S - Itli t'. 7'1 1, rVF State contribution amount: $ - Mill ".'i, ``'I. r Illfli "l •l.r,ll.i.! l- i .. Other(gifts,donations,etc.): $ - I,��;, '"''k!t, {I ills 4Ul - `ali• Total: $ - ll'rl t IOW'',F�'Arrow y:ii'Di 6ii:iif r�I lily:: •,,, ,,,:r.�_-, What is the monthly benefit paid for 20 years of service per retiree as of Jan 1? $ - �;F:,;:,:,r,�yh'ta}l;a:;,,:�lt�s;�;;�Eagig=s 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 2013 budget with the Department of Local Affairs? If no,please explain: X ,cd I b:,,,Ip7:ll .'+r.,l.i,'Ilfly.',;"'ril''„f,. 1. I i`,,t I t 1 f rr r :I � ligir i itl lilt ellilll ��,t�f{Iililil�i Mill 9111p�,`,,"V�i�ib9Iill�l� 11Ill .� i ?rut ? '( ftLiltC;-• -'.. q.._ lt:{Hlir.,•rcri5, -',i, 3.2 Did the entity pass an appropriations resolution?In no,please explain X ti: �, ,t.... 1, mxu. ►{ll!Iiligilfikr: fir�.;� ! 'fit tilj lNI if yes: Please indicate the amount appropriated for each fund for 2013: Y;4;,;:,�; ;'�,�,� :::. ti;�,: .T:,;ti illi,,. ,,, ;;i seiti I!!. Fund Name Budgeted 2013 Expenditures !�slhll�a:�...:��.„ n•,:,,,:r:•,:,: Front Ranae Enterprise Fund S 20,000 TillitiiiiinaliPallitriggitilil iI'`ia illit ililillyi+lli lailiS a IiiMi:faa illiElif::::;;;hillnimil�filif1rf.;:i-1T*iiiV :ill[ Please use this space to provide any explanations or comments: 8-3 4 PART 9-TAX PAYER'S BILL OF RIGHTS (TABOR) 1 (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)[?i 4: ( 1 ',.] Note: Co election to exempt the government from the spending limitations of TABOR does not exempt the government is 1 1 n .111 ilhil from the 3 percent emergency reserve requirement. All governments should determine if they meet this requirement of l i II I I I it i°' r l�is 1 t1 f i Ih e I �lI : TABOR. ,iill l rr 1 1 fI._ . Please use this space to provide any explanations or comments: _ v 9-2 U 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 oath ? X If yes. Date of lorrna*ion: _ ___li i4 l 11111111 it I.l_I 'i 'ilit I 10.2 Has the entity changed its name H the past cr u:,rren;year? T r x If Yes Please list the NEW name&PRIOR name + (i hi' 1l7 it i1., 'III rl 11.11. iliii 10.3 Is the entity a metropolitan district? X 10.4 Please indicate what services the eatty provides: If`;I!'1 „,;;l'"It H`il'l , i,litt l Construction,installation,financing,and operation of public improvements,including water,sanitary i lili{,Ii Ii,l;h1,..,!rl'Ijt till Ilrjiid is,1 I. sewer,drainage facilities,ancillary streets,and mosquito control tIillllllt a i. u.;;i,,,,il, Jo.{;;`!�I`.ii,ilij!u:i :i , � f 10-5 Does the entity have an aoreernent with another government to provide services? X If yes: List the name of the other governmental entity and the services provided ill l l lc 1, i °t` t iL'l t l`lli,lull i -- i'I'IIIii. ',I viii t ti t hlit (I)NI111I tl','' `, !i}u::.,. 1,1,,41•i' 7vz, ,vin.. :: 10.6 Has the district filed a Title 32,,Article 9 Special District Notice of inactive Status during the year? (Appil,cable to Title 32 special districts only,pursuant to Sections 32-1-103(9.3)and 32-1-104(31,C.R.S.] X 'y I i^i 1{i;''I,.,,I l,;litT!lit I�i,ul'Ii{I: _!i', If yes. Date filed:� _. ,i�•��• 10.7 Please use this space to provide any explanations or comments: h I 5 PART 11 -GOVERNING BODY APPROVAL B''ow Is the certification and approval of the governing board. By signing the board member is certifying they ere a duly steeled or apponted Officer of Inc local government.Governing board members may be verified,Aso by signing,the board Memcer cerdlles that this Application for Exemption from Audit has been prepared consistent.a+h Section 291.504,C.R.S., which slates theta governmental agency with revenue and expenditures of 8100,000 or lass must have an application prepared by a parson skilled In govemmertel accounting; completed to the best of Visit 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 � Joel H. Farkas I Joel H.F rkas`p tte3st I am a duly elected or appointed board member and I have reviewed and/ pprove the application for exemption from audit. Board Signed Ti Member Print Board Members Name i)Date: \/ f, > - 1 My term Expire : May 2014 Toni Serra I Toni Serra,attest I arrl'i duly elected or appointed board member and I have reviewed an approve the application for exemption from audit. Board Member Print Board Members Name Signed l r !;L; �.`'x - 2 Date; f-- My term Expires: May 2014 Jean M. Gold I Jean M.Gold,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 Print Board Members Name 3 Date: My term Expires: May 2016 John M. Todd I John M.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. Date: Member Print Board Members Name g My 4 term Expires: May 2016 David Foster I David Foster,attest I am a du elected or appointed board member and I have reviewe&k,nd approve tt•�e app{ic ton for exemption from audit. Board Signed �� e�.a Member Print Board Members Name Date: 7 — 7.in 10 5 My term Expires: 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 Board from audit. Member Signed Date: 6 My term Expires: Print Board Members Name I , attest lam a duly elected or appointed board member and I have reviewed and approve the application for exemption Board from audit. Member Signed - Date: 7 My term Expires: 6 CliltorLarsonAlle.n LLP www.ciiflonlarsonallen.com CtiftonLarsonAUQer 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, 2013, 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 rnaintaining internal control relevant to the preparation and fair presentation of the Application for Exemption from Audit. Our responsibility is to conduct the compilation of the Application for Exemption from Audit in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. The objective of a compilation is to assist management In presenting financial Information within the Application for Exemption from Audit without undertaking to obtain or provide any assurance that there are no material modifications that should be made to the Application for Exemption from Audit. The Application for Exemption from Audit is presented in accordance with the requirements of the Colorado State Auditor's Office, which differ from accounting principles generally accepted in the United States of America. This report is intended solely for the information and use of the Colorado State Auditor's Office and is not intended to be and should not be used by anyone other than this specified party. We are not independent with respect to Resource Colorado Water&Sanitation Metropolitan District. Greenwood Village,Colorado March 11, 2014 • APPLICATION FOR EXEMPTION FROM AUDIT-SHORT FORM -FOR GOVERNMENTS WITH REVENUES AND EXPENDITURES OF$100,000 OR LESS Name of Government: Resource Colorado Water S Sanitation Metropolitan District For the Year Address: 8390 East Crescent Parkway Ended Decernbe•31 2014 • Suite 500 or fiscal veer ended • Greenwood Village,CO 80111 Contact Person Jason Carroll Telephone 303-779-5710 EmaiP 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:303-888.4082 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 preoarer must sign the application that is submitted in order for it to be accepted. 6. Additional information may he 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): CliftonLarsonAlten 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 r - PART 2-REVENUE f2EJrf4U'E Al)revenues'lor alt funds must be ref1 ctel m taus section,In ding proceeds front the sale of the governments land,budding,and equipment,and proceeds from debt or lease transactions. Financial information will not include fund equity information. Lineir 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 Interuovernmental:Grants $ 2-7 Conservation Trust Funds(Lottery) 2-8 Highway Users Tax Funds IHUTF) 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 litre 4-3,column 2) $ 2-16 Lease proceeds $ - 2-17 Developer Advances received (should agree with line 43 1 $ 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 �J EXPEM�i 1132n: Ali expenditures for all funds must be reflected in this section,including the purchase of capital assets end princ7i and interest payments on long-term debt. Financial information will not include fund equity information. Llne4 Description (Omit cents) 3-1 Administrative $ 7,739 3-2 Salaries $ 3-3 Payroll taxes $ - 3-4 Contract services $ 3-5 Emp.oyee benefits $ 3-6 Insurance $ 1,298 3-7 Accounting and)ecat 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 arid 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 $ — 3-74 $ - 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 3-26)are greater than$100,000-STOP. You may not use this form. Please use the"Application for Exemption from Audit-Long Form". Page 2 1 PART 4-DEBT OUTSTANDING,ISSUED,AND RETIRED f Please answer the following questions by marking the appropriate boxes. Yes No 4-1 Does the entity nave outstanding debt? X is the debt repayment schedule attached?If no,please explain X The Distncfa debt is comprised of Developer Advances,which are not general obligation debt.Repayment of advances is subject to annual appropriation If and when eligible funds become available. 4-2 Is the entity current in its debt service payments'If no,please explain: X The Dislncfs debt is comprised of Developer Advances,which are not general obligation debt.Repayment of advances is subject to annual appropriation if and when eligible funds become available. 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 $ • $ 175.011 Please answer the following questions by marking the appropriate boxes. Yes No 4-4 Does the entity have any authorized,but unissued,debt? X If yes. How much? $ 2,318,000,000.00 Date the debt was authorized 11/02/2004 4-5 Does the entity intend to issue debt within the next calendar year? X If yes. How much? I $ - Please answer the following questions by marking the appropriate boxes. Yes No 4-8 Does the entity have debt that has been refinanced that it is still responsible for? X If yes: What is the amount outstanding? I $ 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? What is the original date of the lease? Number of years of lease? Is the lease subject to annual appropriation? What are the annual lease payments? I $ 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 5-2 Savings accounts $ - 5-3 Certificates of deposit $ - Total Cash Deposits 705 Investments(if investment is a mutual fund please list underlying investments): 5-4 $ 5-5 $ 5.6 $ 5-7 $ - Total investments • $ • Total Cash and Investments : •. $ 705 Please answer the following question by marking in the appropriate box Yes No 6-8 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 en annual inventory of capital assets in accordance with Section 29-1-506, X C R.S.,?If no,please explain 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 $ • $ - $ 07,204 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? Indicate the contributions from: Tax(property,SO,sales,etc.) $ State contribution amount $ Other(gifts,donatons,etc.) $ Total: $ What is the monthly benefit paid for 20 years of service per retiree as of Jan 1? $ 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 8-2 Did the entity pass an aoproonaunns resolution)In no,please explain If yes Please indicate the amount appropriated for eacin fund for the year. Fund Name Budgeted Expenditures Amended Front Range Enterprise Fund $ 25,000 Please use this space to provide any explanations or comments: 8.3 Page 4 PART 9-TAX PAYER'S BILL OF RIGHTS(TABOR) 1 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 • from the 3 percent emergency reserve requirement, All governments should determine If they meet this requirement of 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 • , 10.2 Has the entity changed its name in the past or current year? X If Yes Please list the NEW name&PRIOR name: 10.3 Is the entity a metropolitan district? X 10-4 Please Indicate what services the entity provides: construction,installation,financing and operation of public improvements,including water and sanitary sewer 10-5 Does the entity have an agreement with another government to provide services? If yes: List the name of the other governmental entity and the services provided. 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 10-7 Please use this space to provide any explanations or comments: Page 5 l PART 11 -GOVERNING BODY APPROVAL &sue is fire ccrtrOcm.ar and approval of tho goverrdrrg word Fly signing ttsd bound wombat is certifying ahoy aro a duly abided ur apvantad officer of Urn Leal yovermnvr I tiovamr,g board members may be verified.Also by alga ng,the board member certifies that lax Applteatern for Exemption from Audit has boon prepared consistent with Section 20-1-004,C R S whitlr states That a governmental agercy with revenue end expenditures of 5100.000 or less(rust have en application prepared bye person sktoit in governmental armour,{'completed to the bast of their knowledge and is accurate and true Use additional pages d needed Print the names of all currant A MAJORITY of the governing board members must complete and sign In the column Print Board Members Name I,Toni L.Serra, 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 Toni L.Sorra �' Date: My term Expires. May 2018 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 Member Joel H.Farkas Sign Date: 2 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 apt rove the application or exemption from audit. Board Signed 1 i 1 J Member Jean Gold 4 Date: „. , My term Expires 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 CliftonLarsonAllen LLP f= www.ciiftonlarsonallen.com CliftonLarsonAllen Accountant's Compilation Report Board of Directors Resource Colorado Water&Sanitation Metropolitan District Weld County,Colorado We have complied 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. ege/&1CX2A-tt4021delte Greenwood Village,Colorado February 19,2015 EXHIBIT C Summary of Debt and Debt Authorization To: Weld County, CO From: McGeady Sisneros, PC Date: April 2015 Re: Resource Colorado Water and Sanitation Metropolitan District Election Authorization as of 12/31/14 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 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 drop rty 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 Debt Election: May 6, 2014 {00406 166.DOC v.1 ) C-1 EXHIBIT D Intergovernmental Agreements Intergovernmental Agreement with the Lost Creek Ground Water Management District (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. Agreement with the Town of Keenesburg ("Town") (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.) A copy of this agreement previously provided with the 2010 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. A copy of this agreement previously provided with the 2010 Annual Report. Intergovernmental Agreement Regarding Assignment of Reimbursement Obligations and Consent to Construction (dated April 19, 2012) by and between the District, Pioneer Metropolitan District No. 3, the District acting by and through Resource Colorado Water and Sanitation District GAR Water Activity Enterprise No. 1 and the District acting by and through Resource Colorado Water and Sanitation District Water Activity Enterprise (the "Agreement"); sets forth the assignment of Reimbursement Obligations (as defined in the Agreement) to {00406166.DOC v.l } D-1 Pioneer Metropolitan District No. 3 and the terms of consent to construction. A copy of this agreement previously provided with the 2012 Annual Report. Memorandum of Understanding(dated November 1, 2012)by and between the District and Pioneer Regional Metropolitan District("MOU"); sets forth the understanding between the parties regarding the District's funding of the Resource Shortfall (as defined in the MOU). A copy of this agreement previously provided with the 2012 Annual Report. {00406166.DOC v.1 } Hello