HomeMy WebLinkAbout20142458.tiff RESOURCE COLORADO
WATER AND SANITATION METROPOLITAN DISTRICT
141 Union Boulevard, Suite 150
Lakewood,Colorado 80228-1898
Tel: 303-987-0835 • 800-741-3254
Fax: 303-987-2032
RECEIVED
July 31, 2014
AUG 01 2014
Weld County WELD COUNTY
Board of County Commissioners COMMISSIONERS
PO Box 758
Greeley, CO 80632
RE: Resource Colorado Water and Sanitation Metropolitan District;
2013 Annual Report
To Whom It May Concern:
Enclosed is the 2013 Annual Report for the Resource Colorado Water and Sanitation
Metropolitan District.
Please acknowledge your receipt of the information and documents by signing this letter
below and returning to this office in the enclosed self-addressed, stamped envelope.
If you have any questions, please do not hesitate to contact me.
Sincerely,
Connie
Assistant to Lisa A. Johnson
District Manager
Enclosures
cc: McGeady Sisneros—Jennifer Henry
Division of Local Government
State Auditor
The above referenced information and documents were received this 1' day of
2014.
Weld County
B t
Com (em±ions 2014-2458
$- Lo- ZOI q `DO
ANNUAL REPORT
(Year Ending December 31, 2013)
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
2013.
B. Intergovernmental Agreements
The District entered into a Memorandum of Understanding with Pioneer Regional
Metropolitan District as of November 1, 2013.
C. Changes in the District's rules and regulations
The District did not amend its rules and regulations in 2013.
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 2013.
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,
2013 is attached hereto.
G. Summary of total debt authorized, issued and outstanding
See attached summary.
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
hqaakliga.,“ci.i.t .P Iil i i r Sl 1 tl' '.J 11 d 1 1
i I I Y 1J'il I i ortittig,,6 F i t i ,
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.
C:\Users\ConnietAppData\Local\Microsoft\Windows\INetCache\Content.Outlook\K2PA7FTN\Resource Colo W S
12ege Annual Rprt-Debt author 12-31-13 (00352939x9C7A0)
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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 Fiscal Year
Address: 8390 E.Crescent Parkway Ended December 31,2013
Suite 600 or fiscal year ended:
Greenwood Village,CO 80111
Contact Person: Jason Carroll
Telephone: 303-779-5710 it
Email: Jason.Carroll@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.L GQ st ate.co.u s
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 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.
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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 fiscal year.
For years ended December 31,the form must be received by the Office of the State Auditor by March 31. •
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3. The form must be completed by a person skilled in governmental accounting.
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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. •
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b. Original signatures-application must be mailed. Email or fax will NOT be accepted. •
5. The preparer must skin 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. is
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
Name: Jason Carroll
Title: Accountant for the District
Firm Name(if applicable): CliftonLarsonAllen LLP '.
Address: 8393 E.Crescent Parkway,Suite 600,Greenwood Village,Co 80111
Telephone Number: 303-779.5710
Date Prepared: 2/14/2014 li
Preparer Signature (Required): The application will be rejected If not signed by the preparer.
SEE ACCOUNTANT'S COMPILATION REPORT
Please indicate whether the following financial information is recorded Governmental Proprietary
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using Governmental or Proprietary fund types X •
1
PART 2-REVENUE
REVENUE All revenues for all funds must be reflected in this section,including proceeds from the sale of the governments land,building,and •
equipment,and proceeds from debt or lease transactions. Financial Information will not Include fund equity information.
Line# Description (Omit cents)
2-1 Taxes: Property $ •
-
2-2 Specific ownership $ -
2-3 Sales and use $ -
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2-4 Other(specify): $ -
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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): $ •
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-
2-21 Transfers from Pioneer Regional $ 15,000
2.22 $ -
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2-23 $ •
-
2-24 (add lines 2-1 through 2.23) TOTAL REVENUE all sources $ 20,479
PART 3-EXPENDITURES
EXPENDITURES: All expenditures for all funds must be reflected in this section,including the purchase of capital assets and principal and Interest
payments on long-term debt Financial information will not include fund equity information.
Line# Description (Omit cents)
3-1 Administrative $ 6,044
3-2 Salaries $ •
-
3-3 Payroll taxes $ -
34 Contract services $ •
-
3-5 Employee benefits $ •
-
3-6 Insurance $ 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 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 $ 18,614
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".
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 District's debt obligations are only payable as funds are available.
4-2 Is the entity current in its debt service payments?If no,please explain: NIA
The District's debt obligations are only payable as funds are available.
4-3 Please complete the following debt schedule,if applicable:
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 $ - $ - $ - $ -
Revenuebonds $ - $ - $ - $ -
Notes/Loans $ - $ - $ - $ -
Leases $ - $ - $ - $ -
Developer Advances $ 129,575 $ 5,479 $ - $ 135,054
Other(specify): $ 19.387 $ 10,666 S - $ 30,053 I
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,debt? X
If yes: How much? $
Date the debt was authorized 11/02/2004
4-5 Does the entity intend to issue debt within the next calendar year(2013)? X
If yes: How much? 1 $ .',
Please answer the following questions by marking the appropriate boxes. Yes IJ No
4-6 Does the entity have debt that has been refinanced that it is still responsible for? I X
If yes: What is the amount outstanding? $ L..,„.• . . l
Please answer the following questions by marking the appropriate boxes. Yes No
4-7 Does the entity have any lease agreements? 1, X
If yes: What is being leased? i�£' n?� '
What is the original date of the lease? @. µ° J 'Rh1"';, x Aci
Number of years of lease? f1#' r� �`i,-�idi� .l
Is the lease subject to annual appropriation?
What are the annual lease payments? I $ - .:',,a tk IIt&a',
Please use this space to provide any explanations or comments:
4.8
PART 5-CASH AND INVESTMENTS
Please rovide the ent' 's cash de osit and investment balances. Amount Total
5-1 Checking accounts $ 105
5-2 Savings accounts $ -
5-3 Certificates of deposit $ -
-
TotalCashDeposits Gla " $ 105
Investments(if investment Is a mutual fund,please list underlying Investments): ;u;ullti-
54 $
5-5 $ -
5-6 5
5-7 5 $ . ,
Total investments Di
..-�—,,- $
..:.
Total Cash and Investments c, $ 105
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: I
5-9
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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:
..::1'.111:1 :,!m�-v i-..........[.....• -.::.q
Complete the following tabie: Balance-
beginning of the Additions Deletions Year-End
Balance
year
Land $ - S - 5 - $ -
Buildings $ - $ - $ - $ -
Machinery and equipment $ - S - $ - $ -
Furniture and fixtures $ - $ - $ - $ -
-Construction Fri Progress(CIP) $ - $ - $ - $ -
Other(explain):Infrastructure $ 87,204 $ - $ - $ 87.204
Accumulated Depreciation $ - $ - $ - $ -
Total $ 87,204 $ - S - $ 87,204
Please use this space to provide any explanations or comments: I? -'.I)!°Jls!!`-7. 1 '-`tfifl#VrrNr P g 1 ,r:i
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 en"old hire"firemen's pension plan? X
7-2 Does the entity have a volunteer firemen's pension plan? X i
If yes: Who administers the plan? 1 ! ' r '.'t 1 VIII!. ,
n •
Ni 4
Indicate the contributions from:
Tax(property SO sales,etc): $ - ≥ T
State contribution amount: $ - ' ''I
Other(gifts,donations,etc.): $ - �p j
Total: ; $ UM � fl
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What is the monthly benefit paid for 20 years of service per retiree as of Jan 1? $ - W;I ---ai is T „- IL.:.::::;'i
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;he entity file a 2013 budget with the Department of Local Affairs? If no,please explain X
--------- 71;.![,:._ m!..A,i..}'ra 5'),fin!I,n,wpmV
if.„.R.ritlikipkoffit-4
8-2 Did the entity pass an appropriations resolution?In no,please explain: X
r. +„ ru
Ali
the i "t)••: .,
If If yes: Please indicate amount appropriated for each fund for 2013ff
`,,,,,q �',1,- rlu:',,:;,,' ;,'.;,:;,≥.:(:.:
Fund Name Budgeted 2013 Expenditures :,... '
Front Range Enterp'ise Fund $ 20,000 lit
i::! >r.÷-:,ii I, yJEi il!cu.;i(' '__c,lL
Please use this space to provide any explanations or comments:
8-3
4
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 zikhe . •,;ezzzi zizz„..4zzzz
from the 3 percent emergency reserve requirement. All governments should determine if they meet this requirement of
TABOR. •
'i
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 ,th id'titl o:(:' 4l'.Ui
10.2 Has the entity changed its name in the past or current year? X
If Yes: Please list the NEW name&PRIOR name:
GNitl��i;F7G:inN' E
r Is the entity a metropolitan district?
r Please indicate what services the entity provides: "i� ; it
Construction,installation,financing,and operation of public improvements,including water,sanitary
sewer,drainage facilities,ancillary streets,and mosquito control ' • graltIP49a1 4 got ago
10-5 Does the entit have an a•reement with another•overnment to •rovide services?
In List the name of the other•overnmental ent' and the services•rovided: l)i
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10-6 Has the district filed a Title 32,Article 1 Special District Notice of Inactive Slates during the year?
[Applicable to Title 32 speaal 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:
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PART 11 -GOVERNING BODY APPROVAL
Below is the cer4lcation and approval of the governing board. By signing the board member is certifying they are a duly elected or appointed officer of the local government.Governing
board members may be verified.Also by signing,the board member certifies that Bile Application for Exemption from Audit has bear prepared consistent with Section 29.1804,C.R.S.,
which states that a governmental agency with revenue and expenditures of$100.030 or less must have en application prepared by a parson sifted In goverrsnental accounting;
completed to the best of their knowledge and Is accurate end 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.Farkas;Attest I am a duly elected or appointed board member and I
have reviewed and pprove the application for exemption from audit.
Board Signed — '- t •
Member Print Board Members Name
Date: A
1
My term Ex ire ; May 2014
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Toni Serra I Toni Serra,attest I a aduly elected or appointed board member and I have
reviewed pn approve t application for exemption from audit.
Board
Member Print Board Members Name Signed v •
Date:
2 My term Expires: May 2014
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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: May2016
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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
My •
4
term Expires: May 2016
David Foster I David Foster,attest I am a du tatted or appointed board member and I have
reviewed nd approvetk‘ap is ton for exemption from audit.
Board Signed t`.v
Member Print Board Members Name
5 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
Board from audit.
Member Signed Date:
6 My
term Expires:
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:
7 My
term Expires: •
6
CliftonLarsonAllen LLP It www.cliffonlarsonallen.com
CliftonLarsonAllen •
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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 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.
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Greenwood Village, Colorado
March 11, 2014
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