HomeMy WebLinkAbout2023 CCMD Annual Report{00930563.DOCX / }
CHATFILD CORNERS METROPOLITAN DISTRICT
TOWN OF GYPSUM, COLORADO
2023 ANNUAL REPORT
Town Of Gypsum, Colorado
via Email
County Clerk and Recorder
Eagle County, Colorado
via Email
Office of the State Auditor
1525 Sherman Street, 7th Floor
Denver, Colorado 80203
via E-Filing Portal
Division of Local Government
1313 Sherman Street, Room 521
Denver, Colorado 80203
via E-Filing Portal (DOLA Portal)
Pursuant to Section 32-1-207(3)(c)(I), C.R.S., the Chatfield Corners Metropolitan District
(the “District”) is required to submit an annual report for the preceding calendar year (the
“Report”) no later than October 1 of each year to the Town of Gypsum, Colorado (the “Town”),
the Colorado Division of Local Government, the Colorado State Auditor, the County Clerk and
Recorder; the Report must also be posted on the District’s website, if available.
For the year ending December 31, 2023, the District makes the following report:
1. Boundary changes made:
There were no boundary changes during the report year.
2. Intergovernmental agreements entered into or terminated:
There was one intergovernmental agreement entered. A Memorandum of
Understanding between the Eagle County Clerk and Recorder and Chatfield
Corners Metro District, concerning the use, disclosure and protection of voter data
provided to the Metro District by the Clerk. Attached as Exhibit C
3. Access information to obtain a copy of the Rules and Regulations:
The District has adopted Rules and Regulation that can be accessed via their
website: www.chatfieldcornershoa.org
4. A summary of any litigation involving public improvements by the District:
To the best of our knowledge, there is no litigation involving the District’s public
improvements as of December 31, 2023. There is litigation filed by an individual
against the District as Successor to Chatfield Corners Owners Association in US
District Court Civil Action No. 1:21-cv-856-DDD-GPG regarding a foreclosure
judgement.
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5. Status of the construction of public improvements by the District:
Cottonwood Pass Entrance Landscaping Project: Complete
6X6 Structure (storage shed): Complete
Control Clocks: 2 Replaced
McBrayer Ditch Head Gate replacement: Complete
6. List of facilities or improvements constructed by the District that were
conveyed to the Town:
There were no facilities or improvements conveyed to or accepted by the Town in
2023.
7. Final Assessed Value of Taxable Property within the District’s boundaries as
of December 31, 2023:
The 2023 total assessed value of taxable property within the boundaries of the
District is $11,303,240.
8. Current annual budget of the District:
Attached as Exhibit A is a copy of the District’s Budget for the current fiscal year
2023.
9. Most recently filed audited financial statements of the District. To the extent
audited financial statements are required by state law or most recently filed
audit exemption:
Attached as Exhibit B is a copy of the District’s exemption application for fiscal
year 2023.
10. Notice of any uncured defaults existing for more than 90 days under any debt
instrument of the District:
The District has no uncured defaults existing for more than 90 days
11. The District’s inability to pay any financial obligations as they come due
under any obligation which continues beyond a ninety-day period:
The District is not aware of any inability to pay their financial obligations as they
become due.
{00930563.DOCX / } 3
EXHIBIT A
2024 Budget
CHATFIELD CORNERS METROPOLITAN DISTRICT
__________________________________________
Administrative Management Provided By Marchetti & Weaver, LLC.
28 Second Street, Suite 213, Edwards, CO 81632; Phone (970) 926-6060; Fax (970) 926-6040
January 26, 2024
Division of Local Government
1313 Sherman Street, Room 521
Denver, CO 80203
VIA: Electronic Filing LGID #65061 Chatfield Corners Metropolitan District
Attached is the 2024 Budget for the Chatfield Corners Metropolitan District in Eagle County,
Colorado, submitted pursuant to Section 29-1-113, C.R.S. This Budget was adopted on October
17, 2023. If there are any questions on the budget, please contact Mr. Kenneth J. Marchetti,
telephone number 970-926-6060.
The mill levy certified to the County Commissioners of Eagle County is 13.271 mills for all general
operating purposes, subject to statutory and/or TABOR limitations; 15.935 mills for G.O. bonds;
0.000 mills for refund/abatement; and 3.582 mills for Temporary Tax Credit/Mill Levy Reduction.
Based on an assessed valuation of $11,303,240 the total property tax revenue is $ $289,629.59. A
copy of the certification of mill levies sent to the County Commissioners for Eagle County is
enclosed.
I hereby certify that the enclosed is a true and accurate copy of the budget and certification of tax
levies to the Board of County Commissioners of Eagle County, Colorado.
Sincerely,
Kenneth J. Marchetti
District Administrator
Enclosure(s)
CHATFIELD CORNERS METROPOLITAN DISTRICT
2024 BUDGET MESSAGE
Chatfield Corners Metropolitan District is a quasi-municipal corporation organized and operated
pursuant to provisions set forth in the Colorado Special District Act. The District was
established to supply the necessary services of water, streets, parks & recreation, safety
protection, sanitary sewer, and mosquito control.
The District has two part-time seasonal employees for performing utility locates however all
other operations and administrative functions are contracted out.
The following budget is prepared on the modified accrual basis of accounting, which is
consistent with the basis of accounting used in presenting the District's financial statements.
2024 BUDGET STRATEGY
The District was formed in late 2002 as a residential community with 228 residential units and
with no commercial component. All residential lots have been developed at this time and the
majority of all homes have been constructed.
The District has the ability under its service plan to provide a broad range of services but the
majority of the municipal-type services are actually provided by the Town of Gypsum. The
District issued bonds in 2005 which were refunded in 2010 to reimburse the developer for
construction of infrastructure within the District. The majority of that infrastructure has been
turned over to the Town of Gypsum for operation and maintenance. In December 2020, the
District refunded the remaining 2010 Bonds to take advantage of historically low interest rates
and decrease future debt payments by issuing Series 2020 GO Limited Tax Refunding Bonds
The District’s primary functions are to pay the debt service on the bonds issued to pay for the
infrastructure, to maintain certain open space in the community and to operate and maintain a
raw water irrigation system. In November 2016, the Board entered into an Agreement with the
Owners Association to assume certain services, including Design Review and Covenant
Enforcement within the Community effective January 1, 2018. The First Amendment to the
Service Plan was approved by the Town of Gypsum on December 8, 2016 adding these services
to the primary functions of the District.
The District’s primary sources of revenues are property taxes which are levied for operations and
for debt service and water user fees which are charged to pay for the costs of operating the raw
water irrigation system.
The District’s strategy in preparing the 2024 budget is to levy an operating mill levy in an
amount sufficient to pay the costs of operating the District, including the additional services
assumed from the Association, and maintaining the open space, to levy a debt service mill levy
and, combined with the fund balance, in an amount sufficient to pay the debt service on the
District’s bonds and to charge user fees to the users of the raw water irrigation system in an
amount sufficient to pay the costs of operating and maintaining the raw water irrigation system.
Page 1 of 5
RESOLUTIONS OF CHATFIELD CORNERS METROPOLITAN DISTRICT
TO ADOPT 2024 BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND
AND ADOPTING A BUDGET FOR THE CHATFIELD CORNERS METROPOLITAN
DISTRICT, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY
OF JANUARY 2024 AND ENDING ON THE LAST DAY OF DECEMBER 2024.
WHEREAS, the Board of Directors of the Chatfield Corners Metropolitan District has appointed
a budget committee to prepare and submit a proposed 2024 budget at the proper time; and
WHEAREAS, such committee has submitted a proposed budget to this governing body at the
proper time, for its consideration, and;
WHEREAS, upon due and proper notice, published or posted in accordance with the law, said
proposed budget was open for inspection by the public at a designated place, and a public
hearing was opened on October 17, 2023, and interested taxpayers were given the opportunity to
file or register any objections to said proposed budget; and;
WHEREAS, whatever increases may have been made in the expenditures, like increases were
added to the revenues or planned to be expended from reserves/fund balances so that the budget
remains in balance, as required by law.
NOW, THEREFORE, BE IT RESOLVED by the Board of directors of the Chatfield Corners
Metropolitan District, Eagle County, Colorado:
Section 1. That the budget as submitted, amended, and summarized by fund, hereby is
approved and adopted as the budget of the Chatfield Corners Metropolitan
District for the year stated above, as adjusted for immaterial changes in the final
certified assessed value of the District as certified by the county assessor and
corresponding adjustments resulting from such changes to the assessed value. In
the event there are material changes to the assessed value then a subsequent
meeting of the Board shall be called to consider such changes. Furthermore, to
the extent specific capital expenditures budgeted and forecasted for the current
year are unable to be completed by the end of the current year, the budget for such
expenditures shall be transferred into next year’s budget, the budgeted beginning
fund balance and the budget appropriations for next year’s budget shall be
updated to reflect such changes.
Section 2. That the budget hereby approved and adopted shall be certified by any officer or
the District Administrator of the District and made a part of the public records of
the District.
(THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK)
Page 2 of 5
RESOLUTIONS OF CHATFIELD CORNERS METROPOLITAN DISTRICT
(CONTINUED)
TO SET MILL LEVIES
A RESOLUTION LEVYING PROPERTY TAXES FOR THE YEAR 2023, TO HELP
DEFRAY THE COSTS OF GOVERNMENT FOR THE CHATFIELD CORNERS
METROPOLITAN DISTRICT, EAGLE COUNTY, COLORADO, FOR THE 2024 BUDGET
YEAR.
WHEREAS, the Board of Directors of the Chatfield Corners Metropolitan District, has adopted
the annual budget in accordance with the Local Government Budget Law, on October 17, 2023
and;
WHEREAS, the amount of money necessary to balance the budget for general operating
expenses and capital expenditure purposes from property tax revenue based on the preliminary
certification of assessed value is $161,825 and;
WHEREAS, the Chatfield Corners Metropolitan District hereby documents its intent to preserve
its voter approved operating mill levy cap of a 5% increase over the prior year and to provide
property tax relief by a temporary reduction in property taxes in the amount of $52,311 in
accordance with C.R.S. 39-1-111.5, and;
WHEREAS, the amount of money necessary to balance the budget for capital expenditure
purposes from property tax revenue approved by voters or at public hearing is $0.00, and;
WHEREAS, the amount of money necessary to balance the budget for voter approved bonds and
interest is $180,113, and;
WHEREAS, the 2023 valuation for assessment for the Chatfield Corners Metropolitan District,
as certified by the County Assessor is expected to be $12,018,211.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the CHATFIELD
CORNERS METROPOLITAN DISTRICT, EAGLE COUNTY, COLORADO:
Section 1. That for the purposes of meeting all general operating expenses of the Chatfield
Corners Metropolitan District during the 2024 budget year, there is hereby levied
a tax of 13.465 mills upon each dollar of the total valuation for assessment of all
taxable property within the District for the year 2023.
Section 2. That for the purposes of rendering a temporary credit/refund during budget year
2024 there is hereby levied a temporary tax credit/mill levy reduction of 4.353
mills upon each dollar of the total valuation for assessment of all taxable property
within the District for the year 2023.
Section 3. That for the purpose of meeting all capital expenditures of the Chatfield Corners
Metropolitan District during the 2024 budget year, there is hereby levied a tax of
0.000 mills upon each dollar of the total valuation for assessment of all taxable
property within the District for the year 2023.
Page 3 of 5
RESOLUTIONS OF CHATFIELD CORNERS METROPOLITAN DISTRICT
(CONTINUED)
TO SET MILL LEVIES (CONTINUED)
Section 4. That for the purpose of meeting all payments for bonds and interest of the
Chatfield Corners Metropolitan District during the 2024 budget year, there is
hereby levied a tax of 14.987 mills upon each dollar of the total valuation for
assessment of all taxable property within the District for the year 2023.
Section 5. In the event the assessed value ultimately certified by the County Assessor for
property tax year 2023 is different than $12,018,211 then the temporary mill levy
credit shall be adjusted so that the net amount of property taxes generated for
operating purposes is $109,514.
Section 6. That for the purpose of recouping refunds and abatements of the Chatfield
Corners Metropolitan District during the 2024 budget year, there is hereby levied
a tax of 0.000 mills upon each dollar of the total valuation for assessment of all
taxable property within the District for the year 2023.
Section 7. That any officer or the District Administrator is hereby authorized and directed to
either immediately certify to the County Commissioners of Eagle County,
Colorado, the mill levies for the Chatfield Corners Metropolitan District as
hereinabove determined and set, or be authorized and directed to certify to the
County Commissioners of Eagle County, Colorado, the mill levies for the
Chatfield Corners Metropolitan District as hereinabove determined and set based
upon the final (December) certification of valuation from the county assessor.
(THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK)
Page 4 of 5
RESOLUTIONS OF CHATFIELD CORNERS METROPOLITAN DISTRICT
(CONTINUED)
TO APPROPRIATE SUMS OF MONEY
(PURSUANT TO SECTION 29-1-108, C.R.S.)
A RESOLUTION APPROPRIATING SUMS OF MONEY TO THE VARIOUS FUNDS AND
SPENDING AGENCIES, IN THE AMOUNT AND FOR THE PURPOSE AS SET FORTH
BELOW, FOR THE CHATFIELD CORNERS METROPOLITAN DISTRICT, EAGLE
COUNTY, COLORADO, FOR THE 2024 BUDGET YEAR.
WHEREAS, the Board of Directors has adopted the annual budget in accordance with the Local
Government Budget Law, on October 17, 2023, and;
WHEREAS, the Board of Directors has made provision therein for revenues in an amount equal
or greater to the total proposed expenditures as set forth in said budget, and;
WHEREAS, it is not only required by law, but also necessary to appropriate the revenues and
reserves or fund balances provided in the budget to and for the purposes described below,
thereby establishing a limitation on expenditures for the operations of the District.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
CHATFIELD CORNERS METROPOLITAN DISTRICT, EAGLE COUNTY, COLORADO:
Section 1. That the following sums are hereby appropriated from the revenues of each fund,
to each fund, for the purposes stated:
GENERAL FUND:
Current Operating Expenses $125,216
Capital and Non-Routine Expenditures Outlay 9,502
TOTAL GENERAL FUND: $134,718
DEBT SERVICE FUND:
Debt Service Expenditures $187,516
Fund Transfers 3,602
TOTAL DEBT SERVICE FUND 191,118
ENTERPRISE FUND:
Current Operating Expenses $113,069
Capital and Project Expenditures 47,730
TOTAL ENTERPRISE FUND: $160,799
(THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK)
CHATFIELD CORNERS METROPOLITAN DISTRICT
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
ACTUAL, BUDGET AND FORECAST FOR THE PERIODS INDICATED
Modified Accrual Basis
GENERAL FUND
Unaudited 2023 2024
2022 Adopted 2023 Adopted
Actual Budget Forecast Budget Budget Assumptions
Assessed Value 8,245,390 8,039,530 8,039,530 11,303,240 Final AV
Change 2.2% -2.5% -2.5% 41%
Operating Mill Levy Rate 12.738 13.098 13.098 13.271
Temporary Mill Levy Credit (3.582)
Debt Service Mill Levy Rate 21.327 22.369 22.369 15.935
34.065 35.467 35.467 25.624
Revenues
Property Taxes-General Fund 105,030 105,302 105,302 150,005
Temporary Property Tax Credit (40,488)
Specific Ownership Tax-GF 5,669 5,265 5,265 4,381 4.0% of Prop Taxes
Interest Income-General Fund 6,459 6,169 12,242 12,001
Forfeiture of DRB Deposits - - - -
Covenant Fines & Late Fees - - - -
DRB Admin Fee for New Construction 1,603 566
Title Statement Fees 1,100 600 600 980 7 home sales @ $140 per repor
Misc Income - 10
Total Revenues 119,860 117,336 123,985 126,878
Assume 3% CPI increase
General and Administrative Expenses
Insurance 5,949 6,425 6,347 6,664 Metro & CCOA
Directors Fees 1,350 2,500 2,000 2,500 5 dir $100/mtg; 5 mtgs per yr
Payroll Taxes & Expenses -Directors & Employe 234 191 215 291 7.65% of Dir Fees & EE wages
Accounting and Administrative Management 55,767 48,600 63,820 50,544 All M&W fees incl DRB, Compli
Audit 0 - - - Appl for Exemption
Dues & Memberships 503 532 638 678 Base on 2023 Forecast; CCOA
Elections 1,910 15,000 22,933 - odd numbered years
Community Survey & Education 250 10,200 8,513 - survey, education materials
Legal 8,488 7,560 7,560 7,787 Based on 2023 Forecast
Office Overhead & Bank Fees 1,956 2,566 2,566 2,643 Based on 2023 Forecast
Architectural Fees-New Homes (LKSM Design) 1,715 2,296 2,296 2,365 $45 doc storage/mo
Covenant Enforcement 1,600 7,800 4,900 9,888
Winter Holiday Decorations 1,550 1,674 1,674 1,724
Website Maint & Annual Fee (B-Web Services) 700 756 756 779 annual mtce & hosting fee
Treasurer's Fees-GF 3,153 3,159 3,159 3,286 3% of prop taxes
Allocate Overhead to Water Fund (38,553) (47,165) (57,674) (35,943) 50% of CCMD expenditures
Total General and Administrative Expenses 46,571 62,094 69,703 53,206
No assurance is provided on these financial statements; substantially all disclosures required by GAAP omitted.
CHATFIELD CORNERS METROPOLITAN DISTRICT
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
ACTUAL, BUDGET AND FORECAST FOR THE PERIODS INDICATED
Modified Accrual Basis
GENERAL FUND (CONTINUED)
Unaudited 2023 2024
2022 Adopted 2023 Adopted
Actual Budget Forecast Budget ASSUMPTIONS
Property Maintenance Expenses per Proposals recvd
Blue-Grass Maintenance(Mowing) 4,732 9,276 9,276 10,056 Wkly, @ 26wks
Blue Grass Aeration & Dethatch 1,057 1,265 1,265 1,450 1 x in spring; dethatch if needed
Blue Grass Fertilization/Weed Control 760 1,500 1,500 1,500 2 x per year, extras on request
Common Area Irrigation Repair & Maint 3,630 6,200 6,250 6,438 Biwkly irrig ck, start up, blow ou
Flower Bed Mulching 0 - - - Est every other year
Flower & Shrub Bed Maint,Spring & Fall Cleanu 13,285 12,430 12,430 15,224 Maint, prune, cleanup
Pet Waste Stations 98 313 313 322 Annual Supplies
Tree Care 4,355 5,505 5,005 4,790 per Ground Up proposals, incls
Open Space/Native Grass Mowing 1,508 3,185 3,185 3,185 rec paths 1x per month, other a
Open Space Area Weed Control 2,400 2,400 2,400 2,400 Spray 2 x/yr
Noxious Weed Mitigation - - - develop noxious weeds mitigatio
Fountain & Water Fall Maintenance 3,433 3,300 3,300 3,500 Clean & seal 2 x per yr $2300+
Asphalt Trail Maint & Repair 0 5,000 - 5,000 rec path repairs, patching
On-Site Property Assistant 2,400 2,400 2,400 2,600 onsite property inspections, ove
Snow Removal 4,300 5,249 5,100 5,545 Sidewalks & path; per proposal
Contingency Allowance 0 10,000 - 10,000
Total Property Maintenance Expenses 41,958 68,023 52,424 72,010
Capital Expenditures
Capital Projects 0 117,144 11,495 9,502 Main Entry & Entry Island revam
Total Capital Expenditures 0 117,144 11,495 9,502
TOTAL EXPENDITURES 88,529 247,262 133,622 134,718
OPERATING REVENUE OVER (UNDER) EXPEND 31,331 (129,926) (9,637) (7,839)
OTHER SOURCES/(USES)
Transfer from Debt Service of SO Tax 4,212 3,597 3,597 3,602
Transfer from (to) WF 0 0 - -
TOTAL OTHER FINANCING SOURCES 4,212 3,597 3,597 3,602
REVENUE OVER (UNDER) EXPEND. 35,543 (126,329) (6,040) (4,237)
FUND BALANCE - BEGINNING 270,515 308,440 306,058 300,018
Transfer CCOA Fund Balance
FUND BALANCE - ENDING 306,058 182,111 300,018 295,781
= = =
No assurance is provided on these financial statements; substantially all disclosures required by GAAP omitted.
CHATFIELD CORNERS METROPOLITAN DISTRICT
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
ACTUAL, BUDGET AND FORECAST FOR THE PERIODS INDICATED
Modified Accrual Basis
DEBT SERVICE FUND
Unaudited 2023 2024
2022 Adopted 2023 Adopted
Actual Budget Forecast Budget ASSUMPTIONS
Assessed Valuation 8,245,390 8,039,530 8,039,530 11,303,240 Final AV
Mill Levy Rate 21.327 22.369 22.369 15.935 Mill Levy to Cover DS
REVENUES
Property Taxes - GO Bonds 175,850 179,836 179,836 180,117 AV x mill levy rate
Specific Ownership Taxes 9,491 8,992 8,992 9,006 5.0% of Prop Taxes
Interest Income 3,292 1,928 2,591 2,766 -
TOTAL REVENUES 188,632 190,755 191,419 191,889
EXPENDITURES
Bond Interest 2010/2020 Series 50,850 48,038 48,038 45,113
Bond Prin 2010/2020 Series 125,000 130,000 130,000 135,000
Bond Paying Agent Fees 0 - - - District is paying agent
Treasurers Fees 5,279 5,395 5,395 5,404 3% of prop tax
Contingency 2,000 - 2,000
TOTAL EXPENDITURES 181,129 185,433 183,433 187,516
REVENUE OVER (UNDER) EXPEND. 7,503 5,323 7,986 4,373
OTHER SOURCES/(USES)
Transfer Net SO Tax to General Fund (4,212) (3,597) (3,597) (3,602)
TOTAL OTHER FINANCING SOURCES (4,212) (3,597) (3,597) (3,602)
FUND BALANCE - BEGINNING 61,477 64,259 64,768 69,157
FUND BALANCE - ENDING 64,768 65,985 69,157 69,928
= = =
No assurance is provided on these financial statements; substantially all disclosures required by GAAP omitted.
CHATFIELD CORNERS METROPOLITAN DISTRICT
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
ACTUAL, BUDGET AND FORECAST FOR THE PERIODS INDICATED
Modified Accrual Basis
WATER ENTERPRISE FUND
Unaudited 2023 2024
2022 Adopted 2023 Adopted
Actual Budget Forecast Budget ASSUMPTIONS
SFE-Units at Beginning of Year 183 183 183 184 187 Total SFE's Available
Duplex-Units at Beginnig of Year 40 40 40 40 40 Duplexes Available
SFE-Units Added During Year 01 1 -
Cumulative Units at end of Year 223 224 224 224 228 Total Units Available
Raw Water Irrigation Fee per month 35.00 37.00 37.00 38.00 Increase to cover expense
Water User Fees-Single Family 420 444 444 456 2024 Rate - $38 x 12 mos
Water User Fees-Duplex Unit 210 222 222 228 2024 Rate - $19 x 12 mos
REVENUES
Tap Fees 1,500 0 -
Water Charges 85,260 90,132 90,539 93,024 183 x 38 + 40 x 19/mo
Interest Income 4,989 4,939 9,619 8,740 Based on Fund Balance
Miscellaneous Income 360 137 112 115 Holy Cross refund
TOTAL REVENUES 92,110 95,208 100,270 101,879
EXPENDITURES
Electricity-Pump Station 9,370 9,877 9,335 9,802 Based on prior years, 5% incr
Alarm System Pump Vault 781 838 838 880 Based on prior years, 5% incr
Spring Startup 3,100 3,900 3,900 4,200 Per Sagebrush
Fall Blowout 3,593 4,100 4,100 4,800 Per Sagebrush
Pump Station Repairs & Maintenance 15,341 18,600 18,600 16,600 wkly chk $400; Annl Maint, Rep
Line & Valve Maintenance/Repair 4,350 2,500 2,500 2,575 based on 2023 forecast
Engineering/Consulting 0 0 1,836 -
Pump Maintenance 3,459 3,100 3,100 3,100 Pond 1 spare pump testing; C&
Ditch Repair & Maintenance 3,693 6,300 4,000 4,200 game cams NTE $400
Admistration Fees-WF 824 1,015 888 915
Utility Notification Services (incl EE wages) 1,176 2,575 810 1,310 EE wages 25 locates; UNCC
Wetlands Maintenance 3,744 3,744 3,744 3,744 ditch noxious weed mit, Fitz Lan
Overhead Allocation from General Fund 38,553 47,165 47,165 35,943 50% of General Fund admin cos
Capital Projects - See schedule 0 57,832 21,415 47,730 per RW Infratucture Schedule
Contingency 0 25,000 - 25,000
TOTAL EXPENDITURES 87,984 186,546 122,231 160,799
REVENUE OVER (UNDER) EXPEND. 4,126 (91,339) (21,961) (58,919)
OTHER SOURCES/(USES)
Transfer from (to) General Fund 0 0 0 -
TOTAL OTHER FINANCING SOURCES 0 0 0 -
FUND BALANCE - BEGINNING 236,337 246,932 240,463 218,502
Reverse Contingency 25,000 0 25,000
FUND BALANCE - ENDING 240,463 180,593 218,502 184,583
= = =
All Funds Combined Balance 611,289 428,689 587,677 550,292
Components of Fund Balance
Reserved for System Replacement 196,472 87,320 157,387 104,184
Operating Reserve (Six Months Operations) 43,992 93,273 61,115 80,399
Total Ending Fund Balance 240,463 180,593 218,502 184,583
No assurance is provided on these financial statements; substantially all disclosures required by GAAP omitted.
105 County Tax entity code DOLA LGID/SID 65061
TO: County Commissioners1 of Eagle County , Colorado.
On behalf of the Chatfield Corners Metropolitan District
the Board of Directors
of the Chatfield Corners Metropolitan District
11,303,240$
11,303,240$
Submitted:12/22/2023 for budget/fiscal year 2024 .
(not later than Dec 15) (mm/dd/yyyy)(yyyy)
PURPOSE (see end notes for definitions and examples)LEVY2 REVENUE2
1.General Operating ExpensesH 13.271 mills 150,005.30$
2.(3.582)mills (40,488.21)$
SUBTOTAL FOR GENERAL OPERATING: 9.689 mills 109,517.09$
3.General Obligation Bonds and InterestJ 15.935 mills 180,112.50$
4.Contractual ObligationsK 0.000 mills -$
5.Capital ExpendituresL 0.000 mills -$
6.Refunds/AbatementsM 0.000 mills -$
7.OtherN (specify): 0.000 mills -$
0.000 mills -$
TOTAL:[]25.624 mills 289,629.59$
Daytime
phone:(970) 926-6060
Signed: Title:District Accountant
CERTIFICATION OF TAX LEVIES for NON-SCHOOL Governments
(taxing entity)A
(governing body)B
Contact person:
(print)Kenneth J Marchetti
Sum of General Operating
Subtotal and Lines 3 to 7
Note: If the assessor certified a NET assessed valuation (AV)
different than the GROSS AV due to a Tax Increment
Financing (TIF) AreaF the tax levies must be calculated using
the NET AV. The taxing entity's total property tax revenue
will be derived from the mill levy multiplied against the NET
assessed valuation of:
(local government)C
Include one copy of this tax entity's completed form when filing the local government's budget by January 31st, per 29-1-113 C.R.S. with the Division of
Local Government (DLG), Room 521, 1313 Sherman Street, Denver, Colorado 80203. Questions? Call DLG (303) 864-7720.
1 If the taxing entity's boundaries include more than one county, you must certify the levies to each county. Use a separate form for each
county and certify the same levies uniformly to each county per Article X, Section 3 of the Colorado Constitution.
2 Levies must be rounded to three decimal places and revenue must be calculated from the total NET assessed valuation (Line 4 of Form
DLG57 on the County Assessor's FINAL certification of valuation).
USE VALUE FROM FINAL CERTIFICATION OF VALUATION PROVIDED BY
ASSESSOR NO LATER THAN DECEMBER 10
<Minus> Temporary General Property Tax Credit/
Temporary Mill Levy Rate ReductionI
(NETG assessed valuation, Line 4 of the Certification of Valuation Form DLG 57)
Hereby officially certifies the following mills to be
levied against the taxing entity's GROSS assessed
valuation of:
Form DLG 70 Page 1
Chatfield Corners Metropolitan District
THIS SECTION APPLIES TO TITLE 32, ARTICLE 1 SPECIAL DISTRICTS THAT LEVY TAXES
FOR PAYMENT OF GENERAL OBLIGATION DEBT (32-1-603 C.R.S.). Taxing entities that are
Special Districts or Subdistricts of Special Districts must certify separate mill levies and revenue to the
Board of County Commissioners, one each for the funding requirements of each debt (32-1-603, C.R.S.)
Use additional pages as necessary. The Special District's or Subdistrict's total levies for general obligation
bonds and total levies for contractual obligations should be recorded on Page 1, Lines 3 and 4 respectively.
CERTIFY A SEPARATE MILL LEVY FOR EACH BOND OR CONTRACT:
BONDSJ:
1.
Purpose of Issue:Refund 2010 bonds which refunded the 2005 bonds which were used for
financing the cost of constructing, acquiring and equipping a portion of District
Facilities
Series:General Obligation Limited Tax Refunding Bonds Series 2020
Date of Issue:December 1, 2020
Coupon rate: 2.250%
Maturity Date:December 1, 2035
Levy:15.935
Revenue: $180,112.50
2.Purpose of Issue:
Series:
Date of Issue:
Coupon rate:
Maturity Date:
Levy:
Revenue:
CONTRACTSK:
3.Purpose of Contract:
Title:
Date:
Principal Amount:
Maturity Date:
Levy:
Revenue:
4.Purpose of Contract:
Title:
Date:
Principal Amount:
Maturity Date:
Levy:
Revenue:
Use multiple copies of this page as necessary to separately report all bond and contractual obligations per 32-1-1603, C.R.S.
CERTIFICATION OF TAX LEVIES, continued
Form DLG 70 Page 2
{00930563.DOCX / }
EXHIBIT B
Audit Exemption Application
here
--or--
For faster processing the web portal is the preferred method for submission
Proprietary Activity should be reported on the Cash or Budgetary Basis -- A Budget to GAAP reconciliation is provided in Part 3
Local Government Audit Division
Email: osa.lg@coleg.gov or Phone: 303-869-3000
Denver, CO 80203
Does the resolution state that the governing body PERSONALLY reviewed and approved the resolution in an open public meeting?
Has the resolution been signed by a MAJORITY of the governing body? (See sample resolution.)
FILING METHODS
Will this application be submitted via a mail service? (e.g. US Post Office, FedEx, UPS, courier.)
If yes, does the application include ORIGINAL INK SIGNATURES from the MAJORITY of the governing body?
IMPORTANT!
All Applications for Exemption from Audit are subject to review and approval by the Office of the State Auditor.
Failure to file an application or denial of the request could cause the local government to lose its exemption from audit for that year and the ensuing year.
In that event, AN AUDIT SHALL BE REQUIRED.
Please Note: The OSA's email addresses have changed as of December 1, 2023. Please ensure you are using the email address noted below.
Office of the State Auditor
WEB PORTAL:
Governmental Activity should be reported on the Modified Accrual Basis
Any preparer of an Application for Exemption from Audit must be an independent accountant with knowledge of governmental accounting.
READ ALL INSTRUCTIONS BEFORE COMPLETING AND SUBMITTING THIS FORM
ALL APPLICATIONS MUST BE FILED WITH THE OSA WITHIN 3 MONTHS AFTER THE ACCOUNTING YEAR-END. FOR EXAMPLE, APPLICATIONS MUST BE RECEIVED BY THE OSA ON OR BEFORE MARCH 31 FOR GOVERNMENTS WITH
A DECEMBER 31 YEAR-END. APPLICATIONS FOR EXEMPTION FROM AUDIT SUBMISSIONS ARE NOT ELIGIBLE FOR AN EXTENSION OF TIME.
POSTMARK DATES WILL NOT BE ACCEPTED AS PROOF OF SUBMISSION ON OR BEFORE THE STATUATORY DEADLINE
Has the application been PERSONALLY reviewed and approved by the governing body?
Did you include any relevant explanations for unusual items in the appropriate spaces at the end of each section?
GOVERNMENTAL ACTIVITY SHOULD BE REPORTED ON THE MODIFIED ACCRUAL BASIS
PROPRIETARY ACTIVITY SHOULD BE REPORTED ON A BUDGETARY BASIS
Has the entity corrected all Prior Year Deficiencies as communicated by the OSA?
Have you included a resolution?
1525 Sherman St., 7th Floor
QUESTIONS?
APPLICATION FOR EXEMPTION FROM AUDIT
LONG FORM
FOR LOCAL GOVERNMENTS WITH EITHER REVENUES OR EXPENDITURES MORE THAN $100,000 BUT NOT MORE THAN $750,000
Under the Local Government Audit Law (Section 29-1-601, et seq., C.R.S.) any local government may apply for an exemption from audit if neither revenues nor expenditures exceed $750,000 for the year.
If your local government has either revenues or expenditures of LESS than $100,000, use the SHORT FORM.
Approval for an exemption from audit is granted only upon the review by the OSA.
CHECKLIST
MAIL:
EXEMPTIONS FROM AUDIT ARE NOT AUTOMATIC
Register and submit your Applications at our web portal:https://apps.leg.co.gov/osa/lg
To qualify for exemption from audit, a local government must complete an Application for Exemption from Audit EACH YEAR and submit it to the Office of the State Auditor (OSA) for approval.
PRIOR YEAR FORMS ARE OBSOLETE AND WILL NOT BE ACCEPTED.
APPLICATIONS SUBMITTED ON FORMS OTHER THAN THOSE PRESCRIBED BY THE OSA WILL NOT BE ACCEPTED.
APPLICATIONS MUST BE FULLY AND ACCURATELY COMPLETED.
FOR YOUR REFERENCE, COLORADO REVISED STATUTES CAN BE FOUND AT THIS ADDRESS:
http://www.lexisnexis.com/hottopics/Colorado/
If yes, have you read and understand the new Electronic Signature Policy? See new
policy
Are all sections of the form complete, including responses to all of the questions?
Has the preparer signed the application?
Will this application be submitted electronically?
Click here to go to the portal
Checkout our web portal. Register your
account and submit electronic Applications
for Exemption From Audit, Extension of
Time to File requests, Audited Financial
Statements, and more! See the link below.
1
YES NO
For the Year Ended
or fiscal year ended:28 2nd St, Unit 213, Edwards, CO 81632
I certify that I am an independent accountant with knowledge of governmental accounting and that the information in the Application is complete and accurate to the best of my knowledge. I am aware that the Audit Law requires that a person
independent of the entity complete the application if revenues or expenditure are at least $100,000 but not more than $750,000, and that independent means someone who is separate from the entity.
CERTIFICATION OF PREPARER
Bethj@mwcpaa.com
(970) 926-6060
Beth JohnstonCONTACT PERSON
PHONE
APPLICATION FOR EXEMPTION FROM AUDIT
LONG FORM
Chatfield Corners Metropolitan District
12/31/2023C/O Marchetti & Weaver , LLC
EMAIL
NAME OF GOVERNMENT
ADDRESS
RELATIONSHIP TO ENTITY Outside Accountant, all major decisions made by the Board of Directors
NAME:Ken Marchetti
Principal/CPA
Marchetti & Weaver, LLC
28 2nd St, Unit 213, Edwards, CO 81632
(970) 926-6060
ADDRESS
FIRM NAME (if applicable)
PHONE
PREPARER (SIGNATURE REQUIRED)DATE PREPARED
3/4/2024
TITLE
Has the entity filed for, or has the district filed, a Title 32, Article 1 Special District Notice of Inactive Status
during the year? [Applicable to Title 32 special districts only, pursuant to Sections 32-1-103 (9.3) and 32-1-
104 (3), C.R.S.]
If Yes, date filed:
2
Line #General Fund Debt Service Fund Water Fund Fund*
1-1 329,455$ -$ -$ -$
1-2 310,943$ -$ -$ -$
1-3 3,040$ 753$ 6,734$ -$
1-4 (278,029)$ 72,426$ -$ -$
1-5 109,517$ 180,113$
205,603$ -$
1-6 -$ -$ 212,337$ -$
1-7 4,710$ -$ 54,909$ -$
1-8 -$ -$ -$ -$
1-9 -$ -$ -$ -$
1-10 -$ -$ -$ -$
1-11 479,636$ 253,292$ 267,246$ -$
1-12 -$ -$ -$ -$
1-13 -$ -$ -$ -$
1-14 -$ -$ -$ -$
1-15 479,636$ 253,292$ 267,246$ -$
1-16 32,396$ -$ -$ -$
1-17 73$ -$ -$ -$
1-18 -$ -$ -$ -$
1-19 -$ -$ -$ -$
1-20 -$ -$ -$ -$
1-21 32,469$ -$ -$ -$
1-22 -$ -$ -$ -$
1-23 27,300$ -$ -$ -$
1-24 -$ -$ -$ -$
1-25 -$ -$ -$ -$
1-26 -$ -$ -$ -$
1-27 59,769$ -$ -$ -$
1-28 109,517$ 180,113$ -$ -$
1-29 -$ -$ -$ -$
1-30 109,517$ 180,113$ -$ -$
1-31 4,710$ -$ 54,909$ -$
1-32 -$ -$
1-33 3,800$ -$ 3,871$ -$
1-34 -$ -$ -$ -$
1-35 -$ 73,180$ 153,557$ -$
1-36 301,840$ -$ 54,909$ -$
1-37
310,350$ 73,180$ 267,246$ -$
1-38
479,636$ 253,293$ 267,246$ -$
Net Position
Lease related (as lessor) Other [specify…]
Please use this space to
provide explanation of any
items on this pageAssets
Due from Other Entities or Funds
Restricted Tabor
Committed [specify…]
Restricted
Add lines 1-31 through 1-36
This total should be the same as line 3-33
TOTAL FUND BALANCE
Add lines 1-31 through 1-36
This total should be the same as line 3-33
TOTAL NET POSITION
Add lines 1-27, 1-30 and 1-37
This total should be the same as line 1-15
TOTAL LIABILITIES, DEFERRED INFLOWS, AND FUND
BALANCE
Accrued Interest Payable
Due to Other Entities or Funds
Unassigned:
All Other Liabilities [specify…]
Other Current Assets [specify…]
Lease Receivable (as Lessor)
Assigned [specify…] Debt Service
Emergency Reserves
Nonspendable Prepaid
Nonspendable Inventory
Net Investment in Capital and Right-to Use Assets
All Other Current Liabilities All Other Current Liabilities
Proprietary Debt Outstanding (from Part 4-4)
Other Liabilities [specify…]:
(add lines 1-21 through 1-26) TOTAL LIABILITIES
Deferred Property Taxes Pension/OPEB Related
(add lines 1-28 through 1-29) TOTAL DEFERRED INFLOWS
Fund Balance
(add lines 1-28 through 1-29) TOTAL DEFERRED INFLOWS
Deferred Inflows of Resources:Deferred Inflows of Resources
Other Designations/Reserves
Assets
Due from Other Entities or Funds
(add lines 1-21 through 1-26) TOTAL LIABILITIES
Hoa Deposits
PART 1 - FINANCIAL STATEMENTS - BALANCE SHEET
Investments
Receivables
Cash & Cash Equivalents Cash & Cash Equivalents
Investments
Receivables
* Indicate Name of Fund
NOTE: Attach additional sheets as necessary.
Governmental Funds
Accounts Payable
[specify…]
[specify…]
Property Tax Receivable
Prepaid Expenses
Other Long Term Assets [specify…]
Capital & Right to Use Assets, net (from Part 6-4)
Due from other funds
Description
Total Current Assets
All Other Assets [specify…]
Accrued Payroll and Related Liabilities
Proprietary/Fiduciary Funds
Description
Liabilities
TOTAL ASSETS AND DEFERRED OUTFLOWS
[specify…]
[specify…]
(add lines 1-1 through 1-10) TOTAL ASSETS (add lines 1-1 through 1-10) TOTAL ASSETS
(add lines 1-16 through 1-20) TOTAL CURRENT LIABILITIES
Liabilities
Deferred Outflows of Resources:
TOTAL ASSETS AND DEFERRED OUTFLOWS
Accounts Payable
Accrued Payroll and Related Liabilities
Unearned Revenue
Due to Other Entities or Funds
Deferred Outflows of Resources
(add lines 1-16 through 1-20) TOTAL CURRENT LIABILITIES
(add lines 1-12 through 1-13) TOTAL DEFERRED OUTFLOWS (add lines 1-12 through 1-13) TOTAL DEFERRED OUTFLOWS
Undesignated/Unreserved/Unrestricted
Add lines 1-27, 1-30 and 1-37
This total should be the same as line 1-15
TOTAL LIABILITIES, DEFERRED INFLOWS, AND NET
POSITION
3
Line #General Fund Debt Service Fund Water Fund Fund*
2-1 105,301$ 179,836$ -$ -$
2-2 6,035$ 10,306$ -$ -$
2-3 -$ -$ -$ -$
2-4 -$ -$ -$ -$
2-5 -$ -$ -$ -$
2-6 -$ -$ -$ -$
2-7 -$ -$ -$ -$
2-8 111,336$ 190,142$ -$ -$
2-9 -$ -$ -$ -$
2-10 -$ -$ -$ -$
2-11 -$ -$ -$ -$
2-12 -$ -$ -$ -$
2-13 -$ -$ -$ -$
2-14 -$ -$ -$ -$
2-15 -$ -$ -$ -$
2-16 1,496$ -$ 90,539$ -$
2-17 -$ -$ -$ -$
2-18 -$ -$ -$ -$
2-19 13,819$ 6,614$ 10,366$ -$
2-20 -$ -$ -$ -$
2-21 -$ -$
2-22 10$ -$ -$
2-23 -$ -$ -$ -$
2-24 126,661$ 196,756$ 100,905$ -$
2-25 -$ -$ -$ -$
2-26 -$ -$ Lease Proceeds -$ -$
2-27 -$ -$ Developer Advances -$ -$
2-28 -$ -$ Other [specify…]:-$ -$
2-29
-$ -$ -$ -$ GRAND TOTALS
2-30
126,661$ 196,756$ 100,905$ -$ $ 424,322
Grants
Rental Income
Fines and Forfeits
Grants
Rental Income
Add lines 2-8 through 2-23
TOTAL REVENUES
Add lines 2-8 through 2-23
TOTAL REVENUES
Proceeds from Sale of Capital Assets Proceeds from Sale of Capital Assets
All Other [specify…]:Misc All Other [specify…]: Misc
Tap Fees
Fire & Police Pension
Highway Users Tax Funds (HUTF)
Tax Revenue
Other Tax Revenue [specify…]:
Property [include mills levied in Question 10-6]
Sales and Use Tax
PART 2 - FINANCIAL STATEMENTS - OPERATING STATEMENT - REVENUES
Proprietary/Fiduciary Funds
Tax Revenue
Description Description
Property [include mills levied in Question 10-6]
Specific Ownership
Please use this space to
provide explanation of any
items on this page
Specific Ownership
Highway Users Tax Funds (HUTF)
Conservation Trust Funds (Lottery) Conservation Trust Funds (Lottery)
Licenses and Permits
Community Development Block Grant
Donations Donations
Add lines 2-25 through 2-28
TOTAL OTHER FINANCING SOURCES
Add lines 2-25 through 2-28
TOTAL OTHER FINANCING SOURCES
Add lines 2-24 and 2-29
TOTAL REVENUES AND OTHER FINANCING SOURCES
Add lines 2-24 and 2-29
TOTAL REVENUES AND OTHER FINANCING SOURCES
Community Development Block Grant
Developer Advances
Other [specify…]:
Fines and Forfeits
Debt Proceeds
Other Financing Sources
Fire & Police Pension
Add lines 2-1 through 2-7
TOTAL TAX REVENUE
Add lines 2-1 through 2-7
TOTAL TAX REVENUE
Other Tax Revenue [specify…]:
Governmental Funds
Sales and Use Tax
Licenses and Permits
Tap Fees
IF GRAND TOTAL REVENUES AND OTHER FINANCING SOURCES for all funds (Line 2-29) are GREATER than $750,000 - STOP. You may not use this form. An audit may be required. See Section 29-1-604, C.R.S., or contact the OSA
Local Government Division at (303) 869-3000 for assistance.
Charges for Sales and Services
Interest/Investment Income
Charges for Sales and Services
Interest/Investment Income
Other Financing Sources
Debt Proceeds
Lease Proceeds
4
Line #General Fund Debt Service Fund Water Fund Fund*
3-1 74,355$ 5,399$ 56,639$ -$
3-2 -$ -$ -$ -$
3-3 -$ -$ -$ -$
3-4 -$ -$ -$ -$
3-5 -$ -$ -$ -$
3-6 -$ -$ -$ -$
3-7 -$ -$ -$ -$
3-8 -$ -$ 48,386$ -$
3-9 -$ -$ -$ -$
3-10 -$ -$ 10,090$ -$
3-11 -$ -$ -$ -$
3-12 46,426$ -$ -$ -$
3-13 -$ -$ -$ -$
3-14 6,495$ -$ 13,915$ -$
3-15 -$ 130,000$ -$ -$
3-16 -$ 48,038$ -$ -$
3-17 -$ -$ -$ -$
3-18 -$ -$ -$ -$
3-19 Developer Interest Repayments -$ -$ Developer Interest Repayments -$ -$
3-20 -$ -$ -$ -$
3-21 -$ -$ -$ -$ GRAND TOTAL
3-22 127,276$ 183,437$ 129,030$ -$ 439,743$
3-23 (4,907)$ -$ -$ -$
3-24 -$ 4,907$ -$ -$
3-25 -$ -$ 16,266$ -$
3-26 -$ -$ -$ -$
3-27 -$ -$ 13,915$ -$
3-28 -$ -$ -$ -$
3-29
(4,907)$ 4,907$ (2,351)$ -$
3-30
4,292$ 8,412$ (30,476)$ -$
3-31
306,058$ 64,768$ 297,724$ -$
3-32 Prior Period Adjustment (MUST explain)-$ -$ Prior Period Adjustment (MUST explain)-$ -$
3-33
310,350$ 73,180$ 267,248$ -$
Net Interfund Transfers (In) Out
Other Expenditures (Revenues):
Interfund Transfers Out
Utilities
Principal (should match amount in 4-4)
Interest
Payroll Taxes
Please use this space to
provide explanation of any
items on this page
Developer Principal Repayments
Bond Issuance Costs
General Government
Contract Services
Employee Benefits
Accounting and Legal Fees
Supplies
Parks and Open Space
Debt Service Debt Service
Expenses
General Operating & Administrative
Salaries
(Line 3-27, plus line 3-28, less line 3-26, less line 3-25,
plus line 3-24) TOTAL GAAP RECONCILING ITEMS
(Add lines 3-23 through 3-28) TOTAL
TRANSFERS AND OTHER EXPENDITURES
Fund Balance, January 1 from December 31 prior year report Net Position, January 1 from December 31 prior year
report
Excess (Deficiency) of Revenues and Other Financing
Sources Over (Under) Expenditures
Line 2-29, less line 3-22, less line 3-29
Net Increase (Decrease) in Net Position
Line 2-29, less line 3-22, plus line 3-29, less line 3-23
Fund Balance, December 31
Sum of Lines 3-30, 3-31, and 3-32
This total should be the same as line 1-37.
Net Position, December 31
Sum of Lines 3-30, 3-31, and 3-32
This total should be the same as line 1-37.
IF GRAND TOTAL EXPENDITURES for all funds (Line 3-22) are GREATER than $750,000 - STOP. You may not use this form. An audit may be required. See Section 29-1-604, C.R.S., or contact the OSA Local Government Division at
(303) 869-3000 for assistance.
Highways & Streets
Expenditures
Judicial
Law Enforcement
Contributions to Fire & Police Pension Assoc.
Governmental Funds
PART 3 - FINANCIAL STATEMENTS - OPERATING STATEMENT - EXPENDITURES/EXPENSES
Solid Waste
Interest
Description
Capital Outlay
Bond Issuance Costs
Developer Principal Repayments
Principal (should match amount in 4-4)
Other [specify...][enter negative for expense]
Capital Outlay (from line 3-14)
Debt Principal (from line 3-15, 3-18)
Depreciation/Amortization
Other Financing Sources (Uses) (from line 2-28)
Add lines 3-1 through 3-21
TOTAL EXPENDITURES
Add lines 3-1 through 3-21
TOTAL EXPENSES
All Other [specify...]: All Other [specify...]:
Interfund Transfers (In)
Proprietary/Fiduciary Funds
Repair and Maintenance
Description
Transfers to other districts
Other [specify…]: Contributions to Fire & Police Pension Assoc.
Fire
Health
Culture and Recreation
Capital Outlay
Other [specify…]
Insurance
5
YES NO
4-1
4-2
4-3
4-4 Outstanding at
beginning of year*
Issued during
year
Retired during
year Outstanding at year-end
2,135,000$ -$ 130,000$ 2,005,000$
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
19,794$ -$ 1,205$ 18,589$
2,154,794$ -$ 131,205$ 2,023,589$
*Must agree to prior year-end balance
YES NO
4-5
-$
4-6 Does the entity intend to issue debt within the next calendar year?
If yes:-$
4-7 Does the entity have debt that has been refinanced that it is still responsible for?
If yes:-$
4-8
-$
AMOUNT TOTAL
5-1 329,455$
5-2 310,943$
640,398$
-$
-$
-$
-$
-$
640,398$
YES NO N/A
5-4
5-5
Is the entity current in its debt service payments? If no, MUST explain:
TOTAL
Lease & SBITA** Liabilities (GASB 87 & 96)
Developer Advances
Other (specify): Deferred Cost on Bond refunding
Please answer the following questions by marking the appropriate boxes.
PART 4 - DEBT OUTSTANDING, ISSUED, AND RETIRED
4-4 Now includes Deferred Cost on Bond Refunding as requested on
the approval letter dated 9/8/2023. From Prior years: Ending Balance
12/31/2020 $22,065, less $1,112 amortized in 2021, less $1,159
amortized 2022 for balance ending 12/31/2022 $19,794.
Please use this space to provide any explanations or comments:
Please use this space to provide any explanations or comments:
PART 5 - CASH AND INVESTMENTS
General obligation bonds
Revenue bonds
Does the entity have outstanding debt?
If yes:
If yes:
Does the entity have any authorized, but unissued, debt [Section 29-1-605(2) C.R.S.]?
Please answer the following questions by marking the appropriate boxes.
**Subscription Based Information Technology Arrangements
Notes/Loans
How much?
How much?
What are the annual lease payments?
Does the entity have any lease agreements?
Is the debt repayment schedule attached? If no, MUST explain:
Date the debt was authorized:
What is the amount outstanding?
Certificates of deposit
TOTAL CASH DEPOSITS
Investments (if investment is a mutual fund, please list underlying investments):
Are the entity's deposits in an eligible (Public Deposit Protection Act) public depository (Section 11-
10.5-101, et seq. C.R.S.)? If no, MUST explain:
Please provide the entity's cash deposit and investment balances.
What is being leased?
What is the original date of the lease?
Number of years of lease?
Is the lease subject to annual appropriation?
Please complete the following debt schedule, if applicable: (please only include principal
amounts)
5-3
Are the entity's Investments legal in accordance with Section 24-75-601, et. seq., C.R.S.?
YEAR-END Total of ALL Checking and Savings accounts
Please answer the following question by marking in the appropriate box
TOTAL INVESTMENTS
TOTAL CASH AND INVESTMENTS
6
YES NO
6-1
6-2
6-3 Balance -
beginning of the
year*
Additions*Deletions Year-End Balance
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
Leased & SBITA Right-to-Use Assets -$ -$ -$ -$
Intangible Assets -$ -$ -$ -$
485,493$ 6,495$ -$ 491,988$
-$ -$ -$ -$
(367,587)$ (23,629)$ -$ (391,216)$
117,906$ (17,134)$ -$ 100,772$
6-4
Balance -
beginning of the
year*
Additions*Deletions Year-End Balance
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
354,585$ 13,915$ -$ 368,500$
-$ -$ -$ -$
Leased & SBITA Right-to-Use Assets -$ -$ -$ -$
Intangible Assets -$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
(297,324)$ (16,266)$ -$ (313,590)$
57,261$ (2,351)$ -$ 54,910$
YES NO
7-1
7-2
If yes:
-$
-$
-$
-$
-$
Please use this space to provide any explanations or comments:
Construction In Progress (CIP)
Furniture and fixtures
Other (explain):
Accumulated Depreciation (Enter a negative, or credit, balance)
PART 6 - CAPITAL AND RIGHT-TO-USE ASSETS
Accumulated Depreciation (Enter a negative, or credit, balance)
Buildings
Please answer the following question by marking in the appropriate box
Does the entity have capitalized assets?
TOTAL
Complete the following Capital & Right-To-Use Assets table for PROPRIETARY FUNDS:
Land
Complete the following Capital & Right-To-Use Assets table for GOVERNMENTAL FUNDS:
Land
Machinery and equipment
Machinery and equipment
Has the entity performed an annual inventory of capital assets in accordance with Section 29-1-506, C.R.S.? If no,
MUST explain:
Furniture and fixtures
Infrastructure
Construction In Progress (CIP)
Other (explain): Parks and Open Spaces
Buildings
Accumulated Amortization Right to Use Assets (Enter a negative, or credit, balance)
Accumulated Amortization Right to Use Assets (Enter a negative, or credit, balance)
Infrastructure
Please use this space to provide any explanations or comments:
Does the entity have an "old hire" firefighters' pension plan?
Who administers the plan?
PART 7 - PENSION INFORMATION
Indicate the contributions from:
State contribution amount:
Other (gifts, donations, etc.):
Tax (property, SO, sales, etc.):
TOTAL
What is the monthly benefit paid for 20 years of service per retiree as of Jan 1?
Does the entity have a volunteer firefighters' pension plan?
*
TOTAL
* Must agree to prior year-end balance
* Generally capital asset additions should be reported at capital outlay on line 3-14 and capitalized
in accordance with the government's capitalization policy. Please explain any discrepancy
7
YES NO N/A
8-1
8-2
If yes:
YES NO
9-1
YES NO
10-1
If yes:
10-2
If Yes:NEW name
PRIOR name
10-3
10-4
10-5
If yes:
10-6
If yes:
Total mills
YES NO N/A
10-7
Please use this space to provide any additional explanations or comments not previously included:
Please use this space to provide any explanations or comments:
NEW 2023! If the entity is a Title 32 Special District formed on or after 7/1/2000, has the entity filed its
preceding year annual report with the State Auditor as required under SB 21-262 [Section 32-1-207
C.R.S.]? If NO, please explain.
Please answer the following question by marking in the appropriate box
Did the entity file a current year budget with the Department of Local Affairs, in accordance with
Section 29-1-113 C.R.S.? If no, MUST explain:
PART 9 - TAX PAYER'S BILL OF RIGHTS (TABOR)
Did the entity pass an appropriations resolution in accordance with Section 29-1-108 C.R.S.?
If no, MUST explain:
Please answer the following question by marking in the appropriate box Please use this space to provide any explanations or comments:
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:
List the name of the other governmental entity and the services provided:
Town of Gypsum - irrigation water lease and irrigation water billing serices
Date of formation:
Has the entity changed its name in the past or current year?
Bond Redemption mills
General/Other mills
15.935
9.689
Is this application for a newly formed governmental entity?
Is the entity a metropolitan district?
Does the entity have an agreement with another government to provide services?
Does the entity have a certified mill levy?
Please indicate the amount appropriated for each fund separately for the year reported
Please indicate what services the entity provides:
Parks & Recreation, streets, safety protection, Water, sanitation, mosquito control, design review & covenant enforcement
25.624
Please provide the number of mills levied for the year reported (do not enter $ amounts):
-$
Governmental/Proprietary Fund Name Total Appropriations By Fund
PART 10 - GENERAL INFORMATION
General Fund 247,262$
Water Fund 186,546$
Debt Service Fund 189,030$
PART 8 - BUDGET INFORMATION
Please answer the following question by marking in the appropriate box
8
Entity Wide:General Fund Governmental Funds Notes
Unrestricted Cash & Investments Unrestricted Fund Balan Total Tax Revenue
Current Liabilities Total Fund Balance Revenue Paying Debt Service
Deferred Inflow PY Fund Balance Total Revenue
Total Revenue Total Debt Service Principal
Total Expenditures Total Debt Service Interest
Total Assets
Total Liabilities
Governmental Interfund In
Total Cash & Investments Interfund Out Enterprise Funds
Transfers In Proprietary Net Position
Transfers Out Current Assets PY Net Position
Property Tax Deferred Outflow Government-Wide
Debt Service Principal Current Liabilities Total Outstanding Debt
Total Expenditures Deferred Inflow Authorized but Unissued
Total Developer Advances Cash & Investments Year Authorized
Total Developer Repayments Principal Expense
732,928$
59,769$
-$
-$
212,337$
-$ -$
640,398$
4,907$
640,398$
32,469$
289,630$
301,840$
310,350$
306,058$
301,478$
323,417$
130,000$
48,038$
(4,907)$
130,000$
-$ -$
1/0/1900
2,023,589$
-$
(4,907)$
-$
310,713$
267,248$
297,724$
-$
285,137$
OSA USE ONLY
127,276$
196,756$
126,661$
9
YES NO
12-1
I, ______________________________________, attest that I am a duly elected or appointed board member, and that I have
personally reviewed and approve this application for exemption from audit.
Signed__________________________________ Date: _____________________
My term Expires:______________________
I, _____________Ryan Thousand____________, attest that I am a duly elected or appointed board member, and that I have
personally reviewed and approve this application for exemption from audit.
Signed__________________________________ Date: _____________________
My term Expires:____May 2027__________________
I, _______Dean Callis__________, attest that I am a duly elected or appointed board member, and that I have personally
reviewed and approve this application for exemption from audit.
Signed__________________________________ Date: _____________________
My term Expires:_____May 2025________
I, _______Michael Humphrey ______, attest that I am a duly elected or appointed board member, and that I have personally
reviewed and approve this application for exemption from audit.
Signed__________________________________ Date: _____________________
My term Expires:___May 2027__________
MUST Print the names of ALL members of the governing body below.
7
6
Full Name
Full Name
Michael Humphrey
4
Full Name
Dean Callis
3
5
Below is the certification and approval of the governing body By signing, each individual member is certifying they are a duly elected or appointed officer of the local government. Governing members may be verified. Also by signing, the individual member certifies that
this Application for Exemption from Audit has been prepared consistent with Section 29-1-604, C.R.S., which states that a governmental agency with revenue and expenditures of $750,000 or less must have an application prepared by an independent accountant with
knowledge of governmental accounting; completed to the best of their knowledge and is accurate and true. Use additional pages if needed.
A MAJORITY of the members of the governing body must sign below.
PART 12 - GOVERNING BODY APPROVAL
If you plan to submit this form electronically, have you read the new Electronic Signature Policy?
Please answer the following question by marking in the appropriate box
Office of the State Auditor — Local Government Division - Exemption Form Electronic Signatures Policy and Procedures
Policy - Requirements
The Office of the State Auditor Local Government Audit Division may accept an electronic submission of an application for exemption from audit that includes governing board signatures obtained through a program such as Docusign or Echosign.
Required elements and safeguards are as follows:
• The preparer of the application is responsible for obtaining board signatures that comply with the requirement in Section 29-1-604 (3), C.R.S., that states the application shall be personally reviewed, approved, and signed by a majority of the members
of the governing body.
• The application must be accompanied by the signature history document created by the electronic signature software. The signature history document must show when the document was created and when the document was emailed to the various
parties, and include the dates the individual board members signed the document. The signature history must also show the individuals' email addresses and IP address.
• Office of the State Auditor staff will not coordinate obtaining signatures.
The application for exemption from audit form created by our office includes a section for governing body approval. Local governing boards note their approval and submit the application through one of the following three methods:
1) Submit the application in hard copy via the US Mail including original signatures.
2) Submit the application electronically via email and either,
a. Include a copy of an adopted resolution that documents formal approval by the Board, or
b. Include electronic signatures obtained through a software program such as Docusign or Echosign in accordance with the requirements noted above.
1
Full Name
Ryan Thousand
2
Full Name I, ________James Werkmeister______, attest that I am a duly elected or appointed board member, and that I have personally
reviewed and approve this application for exemption from audit.
Signed__________________________________ Date: _____________________
My term Expires:___May 2025_____
James Werkmeister
Grant Murphy
Full Name I, __________Grant Murphy___________, attest that I am a duly elected or appointed board member, and that I have
personally reviewed and approve this application for exemption from audit.
Signed__________________________________ Date: _____________________
My term Expires:___May 2025______
Full Name I, ______________________________________, attest that I am a duly elected or appointed board member, and that I have
personally reviewed and approve this application for exemption from audit.
Signed__________________________________ Date: _____________________
My term Expires:______________________
X0A0T
10
EXAMPLE - DO NOT FILL OUT THIS PAGE
This sample resolution/ordinance for exemption from audit is provided as an example of the documentation that is required, the wording may be used as a basis for your own local government document, if needed, however you MUST draft your own
ordinance or resolution making any changes where applicable. Legal counsel should be consulted regarding any questions.
________________________
Mayor/President/Chairman, etc.
ATTEST:
________________________
Town Clerk, Secretary, etc.
Date
Type or Print Names of Term
Members of Governing Body Expires Signature
___________________________ _______ ________________________
___________________________ _______ ________________________
___________________________ _______ ________________________
___________________________ _______ ________________________
___________________________ _______ ________________________
___________________________ _______ ________________________
___________________________ _______ ________________________
RESOLUTION/ORDINANCE FOR EXEMPTION FROM AUDIT
(Pursuant to Section 29-1-604, C.R.S.)
A RESOLUTION/ORDINANCE APPROVING AN EXEMPTION FROM AUDIT FOR YEAR 20XX FOR THE (name
of government), STATE OF COLORADO.
WHEREAS, the (governing body) of (name of government) wishes to claim exemption from the audit requirements of
Section 29-1-603, C.R.S.; and
WHEREAS, Section 29-1-604, C.R.S., states that any local government where neither revenues nor expenditures exceed
seven hundred and fifty thousand dollars may, with the approval of the State Auditor, be exempt from the provision of
Section 29-1-603, C.R.S.; and
[Choose 1 or 2 below, whichever is applicable]
(1)WHEREAS, neither revenue nor expenditures for (name of government) exceeded $100,000 for Year 20XX; and
WHEREAS, an application for exemption from audit for (name of government) has been prepared by (name of
individual), a person skilled in governmental accounting; and
OR
(2)WHEREAS, neither revenues nor expenditures for (name of government) exceeded $750,000 for Year 20XX; and
WHEREAS, an application for exemption from audit for (name of government) has been prepared by (name of
individual or firm), an independent accountant with knowledge of governmental accounting; and
WHEREAS, said application for exemption from audit has been completed in accordance with regulations, issued by the
State Auditor.
NOW THEREFORE, be it resolved/ordained by the (governing body) of the (name of government) that the application
for exemption from audit for (name of government) for the year ended ____________, 20XX, has been personally
reviewed and is hereby approved by a majority of the (governing body) of the (name of government); that those
members of the (governing body) have signified their approval by signing below; and that this resolution shall be
attached to, and shall become a part of, the application for exemption from audit of the (name of government) for the
year ended ____________, 20XX.
ADOPTED THIS ___ day of _____________, A.D. 20XX.
11
{00930563.DOCX / } 5
EXHIBIT C
Memorandum of Understanding
MEMORANDUM OF UNDERSTANDING BETWEEN EAGLE COUNTY CLERK AND
RECORDER AND
CHATFIELD CORNERS METRO DISTRICT
CONCERNING ELECTRONIC MAIL ADDRESSES AND CONFIDENTIAL VOTER
INFORMATION
This Memorandum of Understanding (MOU) is made and entered into on December 2,
2022, between the Eagle County Clerk and Recorder (hereinafter the “Clerk”) and Chatfield
Corners Metropolitan District, a Colorado metropolitan district organized in accordance with
Title 32, Colorado Revised Statutes (the “Metro District”), concerning the use, disclosure and
protection of voter data provided to the Metro District by the Clerk. The Clerk and the Metro
District may be referred to collectively as the “Parties.”
RECITALS
WHEREAS, Senate Bill 21-262 (amending C.R.S. § 1-13.5-501) requires any
metropolitan district organized after January 1, 2000, to provide via electronic mail (“e-mail”)
notice of the call for nominations for any upcoming election; and
WHEREAS, all such metropolitan districts are directed to use the e-mail address
specified in the voter registration list provided by the county clerk and recorder; and
WHEREAS, pursuant to C.R.S. §§ 1-1-110 and 1-8.3-115, voters’ e-mail addresses are
treated as confidential and may not be released to the public or any person or organization other
than an authorized agent of the local election official; may be used only for the limited purpose
of official communication with the voter about the voting process and verifying the voter's
mailing address and physical location; and
WHEREAS, public disclosure of constituent e-mail addresses is contrary to the public
interest and therefore treated as confidential under C.R.S § 24-72-204; and
WHEREAS, pursuant to C.R.S. § 24-72-204(3.5)(b), voters meeting certain
requirements may opt for the entirety of their voter records to be maintained as confidential; and
WHEREAS, in order to ensure the continued protection of confidential records, the
Parties wish to memorialize their understanding about the use and storage of the e-mail addresses
and confidential voter data (collectively the “Confidential Data”) that may be provided by the
Clerk to the Metro District in accordance with the requirements of C.R.S. § 1-13.5-501.
UNDERSTANDING
NOW THEREFORE, in consideration of the above premises, the Parties agree as
follows:
DocuSign Envelope ID: 3BA427DB-F874-4561-8EAB-3F0EC2BC832A
1. The Metro District may maintain, keep and utilize Confidential Data provided by
the Clerk under this MOU only for the purposes expressly authorized in C.R.S. § 1-13.5-501.
2. The Metro District will maintain the confidentiality of the Confidential Data in
accordance with all requirements of Colorado law, including but not limited to C.R.S. §§ 1-1-
110, 1-8.3-115 and 24-72-204(3.5)(b).
3. The Metro District will take all reasonable measures to protect the Confidential
Data from accidental public disclosure, and shall not disclose the Confidential Data to
contractors unless such contractors are bound by non-disclosure and confidentiality provisions at
least as strict as contained in this MOU.
4. All obligations contained herein shall survive the expiration or termination of this
MOU, and remain in effect so long as Colorado law provides for the protection of the
Confidential Data.
EAGLE COUNTY CLERK AND RECORDER
____________________________
Regina O’Brien
CHATFIELD CORNERS METROPOLITAN
DISTRICT
By:___________________________________
Its:____________________________________
DocuSign Envelope ID: 3BA427DB-F874-4561-8EAB-3F0EC2BC832A
Designated Election Official