HomeMy WebLinkAbout2023 RSMD Annual ReportRUEDI SHORES METROPOLITAN DISTRICT
2023 ANNUAL REPORT
Pursuant to §32-1-207(3)(c) and the Service Plan for Crown Mountain Park and Recreation
District (the “District”) OR (collectively the “Districts”), the District(s) are required to provide
an annual report to Eagle and Pitkin Counties with regard to the following matters:
For the year ending December 31, 2023, the District(s) make the following report:
§32-1-207(3) Statutory Requirements
1. Boundary changes made.
None
2. Intergovernmental Agreements entered into or terminated with other governmental
entities.
None
3. Access information to obtain a copy of rules and regulations adopted by the board. No rules or regulations were adopted by the District’s Board of Directors in 2023
4. A summary of litigation involving public improvements owned by the District.
To our actual knowledge, there is no litigation involving the District’s public
improvements as of December 31, 2023.
5. The status of the construction of public improvements by the District.
None
6. A list of facilities or improvements constructed by the District that were conveyed or
dedicated to the county or municipality.
None
7. The final assessed valuation of the District as of December 31st of the reporting year.
$3,635,460
8. A copy of the current year’s budget.
A copy of the 2024 Budget is attached hereto as Exhibit A.
9. A copy of the audited financial statements, if required by the “Colorado Local
Government Audit Law”, part 6 of article 1 of title 29, or the application for
exemption from audit, as applicable.
The 2023 Audit is attached hereto as Exhibit B.
10. Notice of any uncured defaults existing for more than ninety (90) days under any debt
instrument of the District.
None
11. Any inability of the District to pay its obligations as they come due under any
obligation which continues beyond a ninety (90) day period.
None
EXHIBIT A
2024 Budget
RUEDI SHORES METROPOLITAN DISTRICT
____________________________________________________________________________________________________________
Administrative & Financial Management Provided By Marchetti & Weaver, LLC
Mountain Office Website & Email Front Range Office
28 Second Street, Suite 213 www.mwcpaa.com 245 Century Circle, Suite 103
Edwards, CO 81632 Admin@mwcpaa.com Louisville, CO 80027
(970) 926-6060 (720) 210-9136
January 30, 2024
Division of Local Government
1313 Sherman Street, Room 521
Denver, CO 80203
Via email: dlg-filing@state.co.us
RE: Ruedi Shores Metropolitan District LG ID# 66051
Attached is the 2024 Budget for the Ruedi Shores Metropolitan District in Eagle County, Colorado,
submitted pursuant to Section 29-1-116, C.R.S. This Budget was adopted on October 17, 2023.
If there are any questions regarding the budget, please contact Mr. Jon Erickson, telephone number
970-926-6060.
The mill levy certified to the County Commissioners of Eagle County is 29.000 mills for all general
operating purposes, subject to statutory and/or TABOR limitations; 44.150 mills for G.O. bonds;
0.000 mills for refund/abatement; and 19.700 mills for Temporary Tax Credit/Mill Levy
Reduction. Based on an assessed valuation of $3,635,460, the total property tax revenue is
$194,315.34. 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,
Jon Erickson
District Administrator
Enclosure(s)
RUEDI SHORES METROPOLITAN DISTRICT
2024 BUDGET MESSAGE
Ruedi Shores 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 provide for the overhaul, upgrade, financing, and operations of the public water supply system
serving the Ruedi Shores community.
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's strategy in preparing the 2024 budget is to strive to provide the scope of services
desired by the property owners and residents of the District in the most economic manner possible.
The primary service to be provided/delivered to the District’s constituents during the budget year
is the operations of the constructed potable water supply system which will partially funded
through water fees charged to the users of the system. The District will continue to levy both an
operations and debt service mill levy to cover both general operations of the District and debt
service on the bonds issued to construct the system.
Page 1 of 5
RESOLUTIONS OF RUEDI SHORES METROPOLITAN DISTRICT
TO ADOPT 2024 BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND
AND ADOPTING A BUDGET FOR THE RUEDI SHORES 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 Ruedi Shores 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 held 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 Ruedi Shores
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 Ruedi Shores 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 capital or
significant operating expenditures forecasted for the current year are anticipated to
be extended into the following year, the expenditures and offsetting change in the
budgeted beginning fund balance shall be updated to reflect management’s best
estimate at the time the budget is to be filed with the Colorado Division of Local
Affairs.
Section 2. That the budget hereby approved and adopted shall be certified by any officer or
the District Administrator or accountant and made a part of the public records of
the District.
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Page 2 of 5
RESOLUTIONS OF RUEDI SHORES 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 RUEDI SHORES METROPOLITAN DISTRICT,
EAGLE COUNTY, COLORADO, FOR THE 2024 BUDGET YEAR.
WHEREAS, the Board of Directors of the Ruedi Shores 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 expense
purposes from property tax revenue is $105,428.34 and;
WHEREAS, the Ruedi Shores Metropolitan District finds that it shall temporarily lower the
general operating mill levy to render a refund for $71,618.78, 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 $160,505.56, and;
WHEREAS, the 2023 valuation for assessment for the Ruedi Shores Metropolitan District, as
certified by the County Assessor is $3,635,460.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the RUEDI SHORES
METROPOLITAN DISTRICT, EAGLE COUNTY, COLORADO:
Section 1. That for the purposes of meeting all general operating expenses of the Ruedi Shores
Metropolitan District during the 2024 budget year, there is hereby levied a tax of
29.000 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 refund to its constituents during budget year
2024 there is hereby levied a temporary tax credit/mill levy reduction of 19.700
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 Ruedi Shores
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.
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Page 3 of 5
RESOLUTIONS OF RUEDI SHORES METROPOLITAN DISTRICT (CONTINUED)
TO SET MILL LEVIES (CONTINUED)
Section 4. That for the purpose of meeting all payments for bonds and interest of the Ruedi
Shores Metropolitan District during the 2024 budget year, there is hereby levied a
tax of 44.150 mills upon each dollar of the total valuation for assessment of all
taxable property within the District for the year 2023.
Section 5. That any officer or the District Administrator or accountant is hereby authorized
and directed to either immediately certify to the County Commissioners of Eagle
County, Colorado, the mill levies for the Ruedi Shores 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 Ruedi
Shores Metropolitan District as hereinabove determined and set based upon the
final (December) certification of valuation from the county assessor.
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Page 4 of 5
RESOLUTIONS OF RUEDI SHORES 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 RUEDI SHORES 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 RUEDI
SHORES 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 General Operating Expenditures $ 41,951
Current Water Operating Expenditures 57,544
TOTAL GENERAL FUND $ 99,495
DEBT SERVICE FUND:
Debt Service Expenditures $ 177,435
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RUEDI SHORES METRO DISTRICTSTATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE MODIFIED ACCRUAL BASISACTUAL, BUDGET AND FORECAST FOR THE PERIODS INDICATED9 Months 9 Months2022 2023 Variance Ended Ended Variance 2024COMBINED FUND STATEMENTS Unaudited Adopted Favorable 2023 9/30/23 9/30/23 Favorable AdoptedActualBudget(Unfavor)ForecastActualBudget(Unfavor)BudgetBUDGET ASSUMPTIONSASSESSED VALUEAssessed Value2,420,600 2,404,460 2,404,460 3,635,460Dec Final AV% Change in Valuation 5.46% -0.67% -0.67% 51.20% Percentage Change in ValuationMILL LEVIESOperating Mill Levy, Net of Temporary Reduction 14.000 14.000 14.000 9.300Debt Service Mill Levy 65.000 65.000 65.000 44.150Total Mill Levy 79.000 79.000 79.000 53.450REVENUESProperty Taxes - General Operations 33,718 33,662 - 33,662 33,403 33,662 (260) 35,954 Per mills aboveProperty Taxes - Debt Service 156,546 156,290 - 156,290 155,084 156,290 (1,206) 160,506 Per mills aboveSpecific Ownership (Automobile) Taxes 10,315 9,498 - 9,498 7,398 6,332 1,066 9,716 5% of property taxesWater Fees 37,580 37,200 - 37,200 36,805 27,900 8,905 37,200 Same rates as 2023Availability of Service Fees 5,400 5,400 - 5,400 4,050 4,050 - 5,400 Same rates as 2023RSHA HOA Contribution - - - - - - - - Tap Fees - - 5,000 5,000 5,000 - 5,000 5,000 Statement Prep Fees 200 200 - 200 100 150 (50) 200 $50 Per ClosingInterest Income & Late Fees & Fines 1,094 1,400 (275) 1,125 498 1,020 (522) 1,400 0.1% of fund balancesBond Proceeds - - - - - - - - TOTAL REVENUES 244,853 243,650 4,725 248,375 242,338 229,404 12,934 255,376 EXPENDITURESGeneral And Admin 31,023 41,028 2,436 38,592 27,005 31,098 4,094 41,951 See DetailWater Operations 25,314 62,260 7,820 54,440 39,805 38,296 (1,509) 57,544 See DetailDebt Service 176,375 177,483 1,000 176,483 29,055 29,086 31 177,435 See DetailCapital - - - - - - - - TOTAL EXPENDITURES 232,712 280,771 11,256 269,515 95,864 98,480 2,616 276,930 CHANGE IN FUND BALANCE 12,141 (37,121) 15,981 (21,140) 146,474 130,924 15,550 (21,554) Fund Balance-Beginning of Year 540,897 534,545 18,493 553,038 553,038 534,545 18,493 531,898 Fund Balance-End of Year 553,038 497,424 34,474 531,898 699,512 665,469 34,043 510,344 = = = = = = = = Components of Fund Balance:Nonspendable 5,377 5,565 67 5,632 3 5,985 Prepaid InsuranceRestricted For Emergencies (TABOR) 1,690 3,099 (308) 2,791 2,004 2,985 3% of General Fund ExpendituresRestricted For Capitalized Interest - - - - - - Restricted For Bond Reserve 172,317 172,317 - 172,317 172,317 172,317 Required by DocumentsRestricted For Construction - - - - - - Restricted For Future Debt Service 66,697 59,024 1,295 60,318 203,166 57,714 Per Debt Service FundCapital Repairs & Replacement Reserve 225,000 200,000 25,000 225,000 225,000 225,000 Believe Adequately FundedAssigned- Following Year Budget Defecit 14,761 - - - 18,950 - Assume Breakeven Budget in 2024Unassigned 67,196 57,420 8,420 65,840 78,072 46,343 Unused Contingency Will Add To BalanceTOTAL FUND BALANCE 553,038 497,424 34,474 531,898 699,512 510,344 ===== = No assurance is provided on these financial statements;substantially all disclosures required by GAAP omitted.PAGE 2
RUEDI SHORES METRO DISTRICTSTATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE MODIFIED ACCRUAL BASISACTUAL, BUDGET AND FORECAST FOR THE PERIODS INDICATED9 Months 9 Months2022 2023 Variance Ended Ended Variance 2024GENERAL FUND Unaudited Adopted Favorable 2023 9/30/2023 9/30/2023 Favorable AdoptedActualBudget(Unfavor)ForecastActualBudget(Unfavor)BudgetBUDGET ASSUMPTIONSAssessed Value 2,420,600 2,404,460 2,404,460 3,635,460 Dec Final AVOperating Mill Levy 29.000 29.000 29.000 29.000 Maximum LevyLess Temporary Mill Levy Credit (15.000) (15.000) (15.000) (19.700) Full levy not neededNet Mill Levy 14.000 14.000 14.000 9.300REVENUESProperty Taxes - General Operations 33,718 33,662 - 33,662 33,403 33,662 (260) 33,810 Based on AboveProperty Taxes - State Backfill (SB22-238)- 2,145 90% of Revenue Lost from SB22-238Specific Ownership (Automobile) Taxes 1,828 1,683 - 1,683 1,311 1,122 189 1,690 5% of property taxesWater User Fees- Base Rate 34,200 34,200 - 34,200 25,650 25,650 - 34,200 57 users @ $150/qtr Water User Fees Tier 1 & 2 3,380 3,000 - 3,000 11,155 2,250 8,905 3,000 Based on 2023 ForecastTap Fees - - 5,000 5,000 5,000 - 5,000 5,000 One new home - $5K EachLate Fees 319 400 - 400 162 300 (138) 400 Based on 2023 ForecastLien Filing Fees & NSF Fees 25 - 25 25 - - - - Assume no new delinquenciesTitle Request Fees 200 200 - 200 100 150 (50) 200 4 at $50Interest Income 77 100 - 100 34 45 (11) 100 Based on 2023 ForecastMiscellaneous Income 99 - - - - - - - Capital Reserve Transfer From Capital Fund - - - - - - - - TOTAL REVENUES 73,845 73,246 5,025 78,271 76,815 63,180 13,635 80,545 EXPENDITURESGENERAL AND ADMINAccounting & Administration 21,330 25,000 - 25,000 17,184 19,000 1,816 27,000 Based on 2023 ForecastAudit - - - - - - - - Eligible for ExemptionDirectors Fees 405 1,600 - 1,600 900 1,200 300 1,600 Based on 4 meetingsPayroll Taxes 583 618 - 618 573 464 (109) 636 FICA & MedicareElection 980 1,500 - 1,500 905 1,500 595 - Only in Odd YearsInsurance & SDA Dues 4,900 5,300 (64) 5,364 5,364 5,300 (64) 5,700 Based on 2023 ForecastLegal 66 2,000 - 2,000 47 1,500 1,453 2,000 Based on prior year budgetsPublications & Misc - - - - - - - - Included belowOffice Overhead 1,745 1,500 - 1,500 1,029 1,125 96 1,500 Bank fees, bill.com fees, etc.Treasurer's fees 1,014 1,010 - 1,010 1,003 1,010 7 1,014 3% of property taxContingency 2,500 2,500 - - - 2,500 Rolls to reserves if not neededTOTAL GENERAL AND ADMIN31,023 41,028 2,436 38,592 27,005 31,098 4,094 41,951 WATER OPERATIONSElectricity 3,206 3,375 - 3,375 3,114 2,633 (481) 3,645 Based on 2023 ForecastPhone/Telemetry/Utilities 1,035 1,135 - 1,135 814 851 38 1,225 Based on 2023 ForecastRepairs & Maintenance 2,872 18,000 (7,000) 25,000 18,206 13,500 (4,706) 19,450 Based on 2023 Forecast (Tank Cleaning-2026)Operations Contract- Zancanella 5,400 5,820 (3,180) 9,000 6,000 4,365 (1,635) 6,300 Based on 2023 ForecastOperations Management - - - - - - - - Based on 2023 ForecastWater Contract Fees- Basalt WCSD 2,535 2,750 - 2,750 2,654 2,750 96 2,970 Based on 2023 ForecastWater Program Fees - CDPHE 75 75 - 75 75 75 - 75 Based on 2023 ForecastMeter & Readout Replacement - 2,275 - 2,275 1,105 - (1,105) 2,460 Based on 2023 ForecastMeter Reading & System Ops 6,900 6,480 - 6,480 4,900 4,860 (40) 6,720 $560 Per MonthEngineering 1,456 1,100 - 1,100 517 825 308 1,200 Based on 2023 ForecastRoad Repairs - - - - - - - - All complete in 2011System Supplies & Misc 1,836 11,250 8,000 3,250 2,420 8,438 6,017 3,500 Based on 2023 ForecastReplacement Reserve Study - - - - - - - - Bad Debt Expense - - - - - - Just delayed receiptsContingency 10,000 10,000 - - - 10,000 Rolls to reserves if not neededTOTAL WATER OPERATIONS25,314 62,260 7,820 54,440 39,805 38,296 (1,509) 57,544 TOTAL OPERATING EXPENDITURES 56,337 103,288 10,256 93,032 66,810 69,395 2,585 99,495 Change In Fund Balance 17,508 (30,042) 15,281 (14,761) 10,005 (6,215) 16,220 (18,950) Nearly breakeven w/out contingencyFund Balance- Beginning296,516 296,126 17,898 314,024 314,024 296,126 17,898 299,263 Fund Balance- Ending 314,024 266,084 33,179 299,263 324,029 289,911 34,118 280,312 = = = = = = = No assurance is provided on these financial statements;substantially all disclosures required by GAAP omitted.PAGE 3
RUEDI SHORES METRO DISTRICTSTATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE MODIFIED ACCRUAL BASISACTUAL, BUDGET AND FORECAST FOR THE PERIODS INDICATED9 Months 9 Months2022 2023 Variance Ended Ended Variance 2024DEBT SERVICE FUND Unaudited Adopted Favorable 2023 9/30/2023 9/30/2023 Favorable AdoptedActualBudget(Unfavor)ForecastActualBudget(Unfavor)BudgetBUDGET ASSUMPTIONSASSESSED VALUEAssessed Value 2,420,600 2,404,460 2,404,460 3,635,460 Dec Final AVDebt Service Mill Levy 65.000 65.000 65.000 44.150REVENUESProperty Taxes - Debt Service 156,546 156,290 - 156,290 155,084 156,290 (1,206) 160,506 Assessed Value * Mill LevySpecific Ownership (Automobile) Taxes 8,487 7,814 - 7,814 6,087 5,210 877 8,025 5% of property taxesAvailability of Service Fees 5,400 5,400 - 5,400 4,050 4,050 - 5,400 18 lots @$75 Per QtrLate Fees 42 100 - 100 - 75 (75) 100 Based on Prior YearsInterest Income 532 800 (300) 500 302 600 (298) 800 Based on Prior YearsTransfer of Bond Proceeds From Cap Fund - - - Transfer of Excess Funds From Cap Fund - - - TOTAL REVENUES 171,008 170,404 (300) 170,104 165,523 166,225 (701) 174,831 EXPENDITURESDEBT SERVICEPrincipal 117,000 123,000 - 123,000 - - - 129,000 Per Amort Schedule BelowInterest 54,668 48,794 - 48,794 24,397 24,397 - 42,620 Per Amort Schedule BelowPaying Agent Fees - - - - - - - - Treasurers Fees 4,707 4,689 - 4,689 4,657 4,689 31 4,815 3% of Property TaxesBad Debt Expense - - - - - Contingency - 1,000 1,000 - - - - 1,000 To avoid budget amendmentTOTAL DEBT SVC EXPENDITURES 176,375 177,483 1,000 176,483 29,055 29,086 31 177,435 Change in Fund Balance(5,367.30) (7,079) 700 (6,379) 136,469 137,139 (670) (2,604.13) Fund Balance- Beginning244,381 238,419 595 239,014 239,014 238,419 595 232,635 Fund Balance- Ending 239,014 231,341 1,295 232,635 375,483 375,558 (76) 230,031 = = = = = = = Components of Fund Balance:Reserved For Capitalized Interest - - - - - - - - Reserved For Bond Reserve 172,317 172,317 - 172,317 172,317 172,317 - 172,317 Required Per Bond DocsReserved For Future Debt Service 66,697 59,024 1,295 60,318 203,166 203,241 (76) 57,714 Total Fund Balance- Debt Service Fund 239,014 231,341 1,295 232,635 375,483 375,558 (76) 230,031 ========Debt Service Amortization ScheduleYearPrincipalInterestTotalBalance2009-2013 1,185,000 1,744,479 2,929,479 1,843,000 2014-2018 436,000 856,927 1,292,927 1,407,000 2019 101,000 171,631 274,650 1,306,000 2020 106,000 171,561 279,581 1,200,000 2021 111,000 171,240 284,261 1,089,000 2022 117,000 171,668 290,690 972,000 2023 123,000 171,794 296,817 720,000 2024 129,000 171,620 302,644 849,000 2025-2028 720,000 822,207 1,542,207 720,000 TOTAL3,028,000 4,453,128 7,493,257 No assurance is provided on these financial statements;substantially all disclosures required by GAAP omitted.PAGE 4
126 County Tax entity code DOLA LGID/SID 66051
TO: County Commissioners1 of Eagle County , Colorado.
On behalf of the Ruedi Shores Metropolitan District
the Board of Directors
of the Ruedi Shores Metropolitan District
$
$
Submitted:1/5/2024 for budget/fiscal year 2024 .
(not later than Dec 15) (yyyy)
PURPOSE (see end notes for definitions and examples)LEVY2 REVENUE 2
1.General Operating ExpensesH 29.000 mills 105,428.34$
2.
(19.700) mills (71,618.56)$
SUBTOTAL FOR GENERAL OPERATING: 9.300 mills 33,809.78$
3.General Obligation Bonds and InterestJ 44.150 mills 160,505.56$
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:[]53.450 mills 194,315.34$
Daytime
phone:(970) 926-6060
Signed:Title: District Accountant
(local government)C
(GrossD assessed valuation, Line 2 of the Certification of Valuation From DLG 57E)
(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:
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.
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:
3,635,460
3,635,460
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
Contact person:
(print) Jon Erickson
Sum of General Operating
Subtotal and Lines 3 to 7
CERTIFICATION OF TAX LEVIES for NON-SCHOOL Governments
(taxing entity)A
(governing body)B
Form DLG 70 (rev 6/16)Page 1 of 4
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:
Finance the construction of a water tank and replacement of the potable water
delivery system
Series: 2008
Date of Issue: August 15, 2008
Coupon rate: 5.02%
Maturity Date: August 15, 2028
Levy: 44.150
Revenue: $160,505.56
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 (rev 6/16)Page 2 of 4
EXHIBIT B
2023 Application for Exemption from Audit
YESNOJon@mwcpaa.com(970) 926-6060Jon EricksonFor the Year Endedor fiscal year ended:Edwards, CO 81632I 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 $750,000, and that independent means someone who is separate from the entity.CERTIFICATION OF PREPARERCONTACT PERSONPHONEAPPLICATION FOR EXEMPTION FROM AUDITLONG FORMRuedi Shores Metropolitan District12/31/202328 Second, St, Suite 213EMAILNAME OF GOVERNMENTADDRESSRELATIONSHIP TO ENTITYOutside Accountant, all major decisions made by the Board of DirectorsADDRESSFIRM NAME (if applicable) PHONETITLENAME:Jon EricksonPrincipal/CPAMarchetti & Weaver, LLC28 2nd St, Unit 213, Edwards, CO 81632(970) 926-6060Has the entity filed for, or has the district filed, a Title 32, Article 1 Special District Notice of Inactive Status during the year? [Applicable to Title 32 special districts only, pursuant to Sections 32-1-103 (9.3) and 32-1-104 (3), C.R.S.]If Yes, date filed:PREPARER (SIGNATURE REQUIRED)DATE PREPARED22/24/2024DocuSign Envelope ID: B31B07D9-2BF0-4D1F-A709-440536617A16
Line #General Fund Debt Service Fund Fund*Fund*
1-1 299,611$ 233,202$ -$ -$
1-2 -$ -$ -$ -$
1-3 20,469$ -$ -$ -$
1-4 141$ 654$ -$ -$
1-5 33,810$ 160,506$
-$ -$
1-6 -$ -$ -$ -$
1-7 5,626$ -$ -$ -$
1-8 -$ -$ -$ -$
1-9 -$ -$ -$ -$
1-10 -$ -$ -$ -$
1-11 359,657$ 394,362$ -$ -$
1-12 -$ -$ -$ -$
1-13 -$ -$ -$ -$
1-14 -$ -$ -$ -$
1-15 359,657$ 394,362$ -$ -$
1-16 2,522$ -$ -$ -$
1-17 -$ -$ -$ -$
1-18 -$ -$ -$ -$
1-19 -$ -$ -$ -$
1-20 -$ -$ -$ -$
1-21 2,522$ -$ -$ -$
1-22 -$ -$ -$ -$
1-23 -$ -$ -$ -$
1-24 -$ -$ -$ -$
1-25 -$ -$ -$ -$
1-26 -$ -$ -$ -$
1-27 2,522$ -$ -$ -$
1-28 33,810$ 160,506$ -$ -$
1-29 -$ -$ -$ -$
1-30 33,810$ 160,506$ -$ -$
1-31 5,626$ -$ -$ -$
1-32 -$ -$
1-33 2,361$ 233,856$ -$ -$
1-34 -$ -$ -$ -$
1-35 243,950$ -$ -$ -$
1-36 71,388$ -$ -$ -$
1-37
323,325$ 233,856$ -$ -$
1-38
359,657$ 394,362$ -$ -$
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
(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
Liabilities
TOTAL ASSETS AND DEFERRED OUTFLOWS
[specify…] [specify…]
[specify…]
Accounts Payable
Accrued Payroll and Related Liabilities
Accrued Interest Payable
Due to Other Entities or Funds
All Other Liabilities [specify…]
Other Current Assets [specify…]
Lease Receivable (as Lessor) Total Current Assets
All Other Assets [specify…]
Property Tax Receivable
Prepaid Insurance
Other Long Term Assets [specify…]
Capital & Right to Use Assets, net (from Part 6-4)
[specify…]
Assets
Due from Other Entities or Funds
(add lines 1-21 through 1-26) TOTAL LIABILITIES
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 Proprietary/Fiduciary Funds
DescriptionDescription
Assigned Capital & 2023 Budget Deficit
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
Net Position
Lease related (as lessor) Other [specify…]
Unassigned:
Deferred Inflows of Resources:Deferred Inflows of Resources
Restricted
Other Designations/Reserves
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
Please use this space to
provide explanation of any
items on this pageAssets
Due from Other Entities or Funds
Restricted TABOR & Debt Service
Committed [specify…]
3
DocuSign Envelope ID: B31B07D9-2BF0-4D1F-A709-440536617A16
Line #General Fund Debt Service FundFund* Fund*2-133,667$ 156,310$ -$ -$ 2-21,930$ 8,960$ -$ -$ 2-3-$ -$ -$ -$ 2-4-$ -$ -$ -$ 2-5-$ -$ -$ -$ 2-6-$ -$ -$ -$ 2-7-$ -$ -$ -$ 2-835,597$ 165,270$ -$ -$ 2-9-$ -$ -$ -$ 2-10-$ -$ -$ -$ 2-11-$ -$ -$ -$ 2-12-$ -$ -$ -$ 2-13-$ -$ -$ -$ 2-14-$ -$ -$ -$ 2-15-$ -$ -$ -$ 2-1645,355$ 5,400$ -$ -$ 2-17-$ -$ -$ -$ 2-18132$ 67$ -$ -$ 2-191,758$ 597$ -$ -$ 2-205,000$ -$ -$ -$ 2-21-$ -$ 2-22150$ -$ -$ -$ 2-23-$ -$ -$ -$ 2-2487,992$ 171,333$ -$ -$ 2-25-$ -$ -$ -$ 2-26-$ -$ Lease Proceeds-$ -$ 2-27-$ -$ Developer Advances-$ -$ 2-28-$ -$ Other [specify…]:-$ -$ 2-29-$ -$ -$ -$ GRAND TOTALS2-3087,992$ 171,333$ -$ -$ $ 259,325 Grants Rental Income Fines and Forfeits Grants Rental IncomeAdd lines 2-8 through 2-23TOTAL REVENUESAdd lines 2-8 through 2-23TOTAL REVENUES Proceeds from Sale of Capital Assets Proceeds from Sale of Capital Assets Title Fee Requests & Miscellaneous Income All Other [specify…]: 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 - REVENUESProprietary/Fiduciary FundsTax RevenueDescriptionDescription Property [include mills levied in Question 10-6] Specific OwnershipPlease use this space to provide explanation of any items on this page Add lines 2-25 through 2-28TOTAL OTHER FINANCING SOURCES Add lines 2-25 through 2-28 TOTAL OTHER FINANCING SOURCES Add lines 2-24 and 2-29TOTAL 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 Specific Ownership Highway Users Tax Funds (HUTF) Conservation Trust Funds (Lottery)Add lines 2-1 through 2-7TOTAL TAX REVENUEAdd lines 2-1 through 2-7TOTAL TAX REVENUE Other Tax Revenue [specify…]:Governmental Funds Sales and Use Tax Licenses and Permits Conservation Trust Funds (Lottery) Licenses and Permits Community Development Block Grant Donations Donations Tap FeesIF GRAND TOTAL REVENUES AND OTHER FINANCING SOURCES for all funds (Line 2-29) are GREATER than $750,000 - STOP. You may not use this form. An audit may be required. See Section 29-1-604, C.R.S., or contact the OSA Local Government Division at (303) 869-3000 for assistance. Charges for Sales and Services Interest/Investment Income Charges for Sales and Services Interest/Investment Income Other Financing Sources Debt Proceeds Lease Proceeds4DocuSign Envelope ID: B31B07D9-2BF0-4D1F-A709-440536617A16
Line #General Fund Debt Service Fund Fund*Fund*
3-1 32,143$ 4,697$ -$ -$
3-2 -$ -$ -$ -$
3-3 -$ -$ -$ -$
3-4 -$ -$ -$ -$
3-5 -$ -$ -$ -$
3-6 -$ -$ -$ -$
3-7 -$ -$ -$ -$
3-8 -$ -$ -$ -$
3-9 -$ -$ -$ -$
3-10 -$ -$ -$ -$
3-11 46,548$ -$ -$ -$
3-12 -$ -$ -$ -$
3-13 -$ -$ -$ -$
3-14 -$ -$ -$ -$
3-15 -$ 123,000$ -$ -$
3-16 -$ 48,794$ -$ -$
3-17 -$ -$ -$ -$
3-18 -$ -$ -$ -$
3-19 Developer Interest Repayments -$ -$ Developer Interest Repayments -$ -$
3-20 -$ -$ -$ -$
3-21 -$ -$ -$ -$ GRAND TOTAL
3-22 78,691$ 176,491$ -$ -$ 255,182$
3-23 -$ -$ -$ -$
3-24 -$ -$ -$ -$
3-25 -$ -$ -$ -$
3-26 -$ -$ -$ -$
3-27 -$ -$ -$ -$
3-28 -$ -$ -$ -$
3-29
-$ -$ -$ -$
3-30
9,301$ (5,158)$ -$ -$
3-31
314,024$ 239,014$ -$ -$
3-32 Prior Period Adjustment (MUST explain)-$ -$ Prior Period Adjustment (MUST explain)-$ -$
3-33
323,325$ 233,856$ -$ -$
Interfund Transfers (In)
Proprietary/Fiduciary Funds
Repair and Maintenance
Description
Transfers to other districts
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...]:
Water Operations Contributions to Fire & Police Pension Assoc.
Fire
Judicial
Law Enforcement
Contributions to Fire & Police Pension Assoc.
Health
Culture and Recreation
Capital Outlay
Governmental Funds
Other [specify…]
PART 3 - FINANCIAL STATEMENTS - OPERATING STATEMENT - EXPENDITURES/EXPENSES
Solid Waste Insurance
Highways & Streets
Expenditures
(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 $750,000 - STOP. You may not use this form. An audit may be required. See Section 29-1-604, C.R.S., or contact the OSA Local Government Division at
(303) 869-3000 for assistance.
Expenses
General Operating & Administrative
Salaries
(Line 3-27, plus line 3-28, less line 3-26, less line 3-25, plus
line 3-24) TOTAL GAAP RECONCILING ITEMS
Debt Service Debt Service
Please use this space to
provide explanation of any
items on this page
Developer Principal Repayments
Bond Issuance Costs
General Government
Contract Services
Employee Benefits
Accounting and Legal Fees
Supplies
Net Interfund Transfers (In) Out
Other Expenditures (Revenues):
Interfund Transfers Out
Utilities
Principal (should match amount in 4-4)
Interest
Payroll Taxes
5
DocuSign Envelope ID: B31B07D9-2BF0-4D1F-A709-440536617A16
YES NO4-14-24-34-4Outstanding at beginning of year*Issued during yearRetired during yearOutstanding at year-end972,000$ -$ 123,000$ 849,000$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 972,000$ -$ 123,000$ 849,000$ *Must agree to prior year-end balanceYES NO4-5-$ 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 TOTAL5-1136,320$ 5-2396,493$ 532,813$ -$ -$ -$ -$ -$ 532,813$ YES NO N/A5-45-5Is the entity current in its debt service payments? If no, MUST explain:TOTALDoes the entity have any lease agreements? Lease & SBITA** Liabilities (GASB 87 & 96)Developer AdvancesOther (specify): Please answer the following questions by marking the appropriate boxes. PART 4 - DEBT OUTSTANDING, ISSUED, AND RETIREDPlease use this space to provide any explanations or comments:Please use this space to provide any explanations or comments: PART 5 - CASH AND INVESTMENTSGeneral obligation bondsRevenue bondsDoes 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 ArrangementsNotes/LoansHow much?How much?What are the annual lease payments?Is the debt repayment schedule attached? If no, MUST explain: Date the debt was authorized:What is the amount outstanding?Certificates of depositTOTAL CASH DEPOSITSInvestments (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)5-3Are 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 accountsPlease answer the following question by marking in the appropriate boxTOTAL INVESTMENTSTOTAL CASH AND INVESTMENTS6DocuSign Envelope ID: B31B07D9-2BF0-4D1F-A709-440536617A16
YES NO6-16-26-3Balance - beginning of the year*Additions* Deletions Year-End Balance-$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 1,802,732$ -$ -$ 1,802,732$ -$ -$ -$ -$ Leased & SBITA Right-to-Use Assets-$ -$ -$ -$ Intangible Assets-$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ (807,874)$ (60,091)$ -$ (867,965)$ 994,858$ (60,091)$ -$ 934,767$ 6-4Balance - beginning of the year*Additions* Deletions Year-End Balance-$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Leased & SBITA Right-to-Use Assets-$ -$ -$ -$ Intangible Assets-$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ YES NO7-17-2If yes:-$ -$ -$ -$ -$ Please use this space to provide any explanations or comments:Construction In Progress (CIP)Furniture and fixturesOther (explain):Accumulated Depreciation (Enter a negative, or credit, balance) PART 6 - CAPITAL AND RIGHT-TO-USE ASSETSAccumulated Depreciation (Enter a negative, or credit, balance)BuildingsPlease answer the following question by marking in the appropriate boxDoes the entity have capitalized assets?TOTALComplete the following Capital & Right-To-Use Assets table for PROPRIETARY FUNDS:LandComplete the following Capital & Right-To-Use Assets table for GOVERNMENTAL FUNDS:LandMachinery and equipmentMachinery and equipmentHas 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 fixturesInfrastructureConstruction In Progress (CIP)Other (explain):BuildingsAccumulated Amortization Right to Use Assets (Enter a negative, or credit, balance)Accumulated Amortization Right to Use Assets (Enter a negative, or credit, balance)InfrastructurePlease 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 INFORMATIONIndicate the contributions from:State contribution amount:Other (gifts, donations, etc.):Tax (property, SO, sales, etc.):TOTALWhat 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 7DocuSign Envelope ID: B31B07D9-2BF0-4D1F-A709-440536617A16
YES NO N/A8-18-2If yes:YES NO9-1YES NO10-1If yes:10-2If Yes:NEW namePRIOR name10-310-410-5If yes:10-6If yes:Total millsYES NO N/A10-7Please 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 boxDid the entity pass an appropriations resolution in accordance with Section 29-1-108 C.R.S.? If no, MUST explain: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)Please answer the following question by marking in the appropriate boxPlease 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)]? Does the entity have a certified mill levy?List the name of the other governmental entity and the services provided: 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. Date of formation:Has the entity changed its name in the past or current year?Bond Redemption millsGeneral/Other mills65.00014.000Is this application for a newly formed governmental entity?Please answer the following question by marking in the appropriate boxPlease indicate the amount appropriated for each fund separately for the year reportedPlease indicate what services the entity provides: 79.000Please provide the number of mills levied for the year reported (do not enter $ amounts):-$ Governmental/Proprietary Fund NameTotal Appropriations By Fund PART 10 - GENERAL INFORMATIONGeneral Fund103,288$ -$ Debt Service Fund177,483$ Is the entity a metropolitan district?Does the entity have an agreement with another government to provide services?Please use this space to provide any explanations or comments: PART 8 - BUDGET INFORMATION8DocuSign Envelope ID: B31B07D9-2BF0-4D1F-A709-440536617A16
Entity Wide:General Fund Governmental FundsNotesUnrestricted Cash & InvestmentsUnrestricted Fund BalancTotal Tax RevenueCurrent LiabilitiesTotal Fund Balance Revenue Paying Debt ServiceDeferred InflowPY Fund Balance Total RevenueTotal Revenue Total Debt Service PrincipalTotal Expenditures Total Debt Service InterestTotal AssetsTotal LiabilitiesGovernmentalInterfund InTotal Cash & InvestmentsInterfund OutEnterprise FundsTransfers InProprietaryNet PositionTransfers OutCurrent Assets PY Net PositionProperty TaxDeferred OutflowGovernment-WideDebt Service PrincipalCurrent Liabilities Total Outstanding DebtTotal ExpendituresDeferred Inflow Authorized but UnissuedTotal Developer AdvancesCash & Investments Year AuthorizedTotal Developer RepaymentsPrincipal Expense754,019$ 4,885$ -$ 123,000$ -$ -$ -$ -$ -$ 532,813$ -$ 532,813$ 4,885$ 194,316$ 312,904$ 320,962$ 314,024$ 200,867$ -$ -$ 1/0/1900849,000$ -$ -$ -$ 257,545$ -$ -$ 189,977$ OSA USE ONLY81,054$ 171,333$ 259,325$ 123,000$ 48,794$ -$ 87,992$ 9DocuSign Envelope ID: B31B07D9-2BF0-4D1F-A709-440536617A16
YES NO12-1I, ______________________________________, 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, ______________________________________, 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, Gordon Bradley Hardman, 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, Rocky Huber, 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 MUST Print the names of ALL members of the governing body below.7Full NameI, ______________________________________, 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:______________________ 6Full NameFull NameRocky Huber4Full NameGordon Bradley Hardman35Below 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 APPROVALIf 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 box1Full Name2Full NameI, Nina Dunn, 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 Nina DunnSusan AtchisonFull NameI, Susan Atchison, 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 Office of the State Auditor — Local Government Division - Exemption Form Electronic Signatures Policy and ProceduresPolicy - RequirementsThe 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, orb. Include electronic signatures obtained through a software program such as Docusign or Echosign in accordance with the requirements noted above.10DocuSign Envelope ID: B31B07D9-2BF0-4D1F-A709-440536617A163/18/20243/16/20243/20/20243/18/2024
Revised Bond Repayment SchedulePar Amt 3,028,000 Rate 5.02%Reserve Fund 172,317 YearPrincipal Interest Total Balance2009 871,000 152,006 1,023,006 2,157,000 2010 103,000 108,281 211,281 2,054,000 2011 66,000 103,111 169,111 1,988,000 2012 70,000 99,798 169,798 1,918,000 2013 75,000 96,284 171,284 1,843,000 2014 79,000 92,519 171,519 1,764,000 2015 83,000 88,553 171,553 1,681,000 2016 87,000 84,386 171,386 1,594,000 2017 91,000 80,019 171,019 1,503,000 2018 96,000 75,451 171,451 1,407,000 2019 101,000 70,631 171,631 1,306,000 2020 106,000 65,561 171,561 1,200,000 2021 111,000 60,240 171,240 1,089,000 2022 117,000 54,668 171,668 972,000 2023 123,000 48,794 171,794 849,000 2024 129,000 42,620 171,620 720,000 2025 136,000 36,144 172,144 584,000 2026 143,000 29,317 172,317 441,000 2027 150,000 22,138 172,138 291,000 2028118,683 14,608 133,291 172,317 2028- Reserve 172,317 - 172,317 - 3,028,000 1,425,128 4,453,128 DocuSign Envelope ID: B31B07D9-2BF0-4D1F-A709-440536617A16
Certificate Of Completion
Envelope Id: B31B07D92BF04D1FA709440536617A16 Status: Completed
Subject: Complete with DocuSign: Ruedi Shores MD 2023 Audit Exemption.pdf
Source Envelope:
Document Pages: 10 Signatures: 4 Envelope Originator:
Certificate Pages: 5 Initials: 0 Cheri Curtis
AutoNav: Enabled
EnvelopeId Stamping: Enabled
Time Zone: (UTC-07:00) Mountain Time (US & Canada)
28 Second St #213
Edwards, CO 81632
cheri@mwcpaa.com
IP Address: 52.37.78.11
Record Tracking
Status: Original
3/15/2024 3:12:23 PM
Holder: Cheri Curtis
cheri@mwcpaa.com
Location: DocuSign
Signer Events Signature Timestamp
Gordon Bradley Hardman
brad@savagexco.com
Security Level: Email, Account Authentication
(None)
Signature Adoption: Pre-selected Style
Using IP Address: 67.190.133.70
Sent: 3/15/2024 3:24:07 PM
Viewed: 3/15/2024 4:33:01 PM
Signed: 3/18/2024 7:12:54 AM
Electronic Record and Signature Disclosure:
Accepted: 3/15/2024 4:33:01 PM
ID: 2f504706-3096-490b-bd7c-78d8f65fb67d
Nina Dunn
asl@sopris.net
Security Level: Email, Account Authentication
(None)
Signature Adoption: Pre-selected Style
Using IP Address: 216.147.121.217
Sent: 3/15/2024 3:24:05 PM
Viewed: 3/16/2024 10:13:07 AM
Signed: 3/16/2024 10:14:12 AM
Electronic Record and Signature Disclosure:
Accepted: 3/16/2024 10:13:07 AM
ID: 3520758c-0a0f-4bd4-9fca-ea7524ca7f76
Rocky Huber
rhuber@snowmassmountainlodging.com
Security Level: Email, Account Authentication
(None)
Signature Adoption: Pre-selected Style
Using IP Address: 173.8.241.133
Sent: 3/15/2024 3:24:06 PM
Resent: 3/19/2024 6:00:35 PM
Viewed: 3/20/2024 6:42:04 AM
Signed: 3/20/2024 6:42:28 AM
Electronic Record and Signature Disclosure:
Accepted: 3/20/2024 6:42:04 AM
ID: 73ee2694-9cd7-4e34-82f0-1702be04c446
SUSAN ATCHISON
snowkingofaspen@comcast.net
Security Level: Email, Account Authentication
(None)
Signature Adoption: Pre-selected Style
Using IP Address: 75.70.183.184
Sent: 3/15/2024 3:24:06 PM
Viewed: 3/16/2024 7:55:56 AM
Signed: 3/18/2024 10:19:05 AM
Electronic Record and Signature Disclosure:
Accepted: 3/16/2024 7:55:56 AM
ID: a7f928db-7794-4a78-9e7f-3aac363eba40
In Person Signer Events Signature Timestamp
Editor Delivery Events Status Timestamp
Agent Delivery Events Status Timestamp
Intermediary Delivery Events Status Timestamp
Certified Delivery Events Status Timestamp
Carbon Copy Events Status Timestamp
Witness Events Signature Timestamp
Notary Events Signature Timestamp
Envelope Summary Events Status Timestamps
Envelope Sent Hashed/Encrypted 3/15/2024 3:24:07 PM
Certified Delivered Security Checked 3/16/2024 7:55:56 AM
Signing Complete Security Checked 3/18/2024 10:19:05 AM
Completed Security Checked 3/20/2024 6:42:28 AM
Payment Events Status Timestamps
Electronic Record and Signature Disclosure
ELECTRONIC RECORD AND SIGNATURE DISCLOSURE
From time to time, Marchetti & Weaver, LLC (we, us or Company) may be required by law to
provide to you certain written notices or disclosures. Described below are the terms and
conditions for providing to you such notices and disclosures electronically through the DocuSign
system. Please read the information below carefully and thoroughly, and if you can access this
information electronically to your satisfaction and agree to this Electronic Record and Signature
Disclosure (ERSD), please confirm your agreement by selecting the check-box next to ‘I agree to
use electronic records and signatures’ before clicking ‘CONTINUE’ within the DocuSign
system.
Getting paper copies
At any time, you may request from us a paper copy of any record provided or made available
electronically to you by us. You will have the ability to download and print documents we send
to you through the DocuSign system during and immediately after the signing session and, if you
elect to create a DocuSign account, you may access the documents for a limited period of time
(usually 30 days) after such documents are first sent to you. After such time, if you wish for us to
send you paper copies of any such documents from our office to you, you will be charged a
$0.00 per-page fee. You may request delivery of such paper copies from us by following the
procedure described below.
Withdrawing your consent
If you decide to receive notices and disclosures from us electronically, you may at any time
change your mind and tell us that thereafter you want to receive required notices and disclosures
only in paper format. How you must inform us of your decision to receive future notices and
disclosure in paper format and withdraw your consent to receive notices and disclosures
electronically is described below.
Consequences of changing your mind
If you elect to receive required notices and disclosures only in paper format, it will slow the
speed at which we can complete certain steps in transactions with you and delivering services to
you because we will need first to send the required notices or disclosures to you in paper format,
and then wait until we receive back from you your acknowledgment of your receipt of such
paper notices or disclosures. Further, you will no longer be able to use the DocuSign system to
receive required notices and consents electronically from us or to sign electronically documents
from us.
All notices and disclosures will be sent to you electronically
Electronic Record and Signature Disclosure created on: 3/17/2020 12:27:34 PM
Parties agreed to: Gordon Bradley Hardman, Nina Dunn, Rocky Huber, SUSAN ATCHISON
Unless you tell us otherwise in accordance with the procedures described herein, we will provide
electronically to you through the DocuSign system all required notices, disclosures,
authorizations, acknowledgements, and other documents that are required to be provided or made
available to you during the course of our relationship with you. To reduce the chance of you
inadvertently not receiving any notice or disclosure, we prefer to provide all of the required
notices and disclosures to you by the same method and to the same address that you have given
us. Thus, you can receive all the disclosures and notices electronically or in paper format through
the paper mail delivery system. If you do not agree with this process, please let us know as
described below. Please also see the paragraph immediately above that describes the
consequences of your electing not to receive delivery of the notices and disclosures
electronically from us.
How to contact Marchetti & Weaver, LLC:
You may contact us to let us know of your changes as to how we may contact you electronically,
to request paper copies of certain information from us, and to withdraw your prior consent to
receive notices and disclosures electronically as follows:
To contact us by email send messages to: Admin@mwcpaa.com
To advise Marchetti & Weaver, LLC of your new email address
To let us know of a change in your email address where we should send notices and disclosures
electronically to you, you must send an email message to us at Admin@mwcpaa.com and in the
body of such request you must state: your previous email address, your new email address. We
do not require any other information from you to change your email address.
If you created a DocuSign account, you may update it with your new email address through your
account preferences.
To request paper copies from Marchetti & Weaver, LLC
To request delivery from us of paper copies of the notices and disclosures previously provided
by us to you electronically, you must send us an email to Admin@mwcpaa.com and in the body
of such request you must state your email address, full name, mailing address, and telephone
number. We will bill you for any fees at that time, if any.
To withdraw your consent with Marchetti & Weaver, LLC
To inform us that you no longer wish to receive future notices and disclosures in electronic
format you may:
i. decline to sign a document from within your signing session, and on the subsequent page,
select the check-box indicating you wish to withdraw your consent, or you may;
ii. send us an email to Admin@mwcpaa.com and in the body of such request you must state your
email, full name, mailing address, and telephone number. We do not need any other information
from you to withdraw consent.. The consequences of your withdrawing consent for online
documents will be that transactions may take a longer time to process..
Required hardware and software
The minimum system requirements for using the DocuSign system may change over time. The
current system requirements are found here: https://support.docusign.com/guides/signer-guide-
signing-system-requirements.
Acknowledging your access and consent to receive and sign documents electronically
To confirm to us that you can access this information electronically, which will be similar to
other electronic notices and disclosures that we will provide to you, please confirm that you have
read this ERSD, and (i) that you are able to print on paper or electronically save this ERSD for
your future reference and access; or (ii) that you are able to email this ERSD to an email address
where you will be able to print on paper or save it for your future reference and access. Further,
if you consent to receiving notices and disclosures exclusively in electronic format as described
herein, then select the check-box next to ‘I agree to use electronic records and signatures’ before
clicking ‘CONTINUE’ within the DocuSign system.
By selecting the check-box next to ‘I agree to use electronic records and signatures’, you confirm
that:
You can access and read this Electronic Record and Signature Disclosure; and
You can print on paper this Electronic Record and Signature Disclosure, or save or send
this Electronic Record and Disclosure to a location where you can print it, for future
reference and access; and
Until or unless you notify Marchetti & Weaver, LLC as described above, you consent to
receive exclusively through electronic means all notices, disclosures, authorizations,
acknowledgements, and other documents that are required to be provided or made
available to you by Marchetti & Weaver, LLC during the course of your relationship with
Marchetti & Weaver, LLC.
