HomeMy WebLinkAbout2023 MVMD Annual Report
MOUNTAIN VISTA METROPOLITAN DISTRICT
COUNTY OF EAGLE, COLORADO
2023 ANNUAL REPORT
County of Eagle, Colorado
County Clerk and Recorder
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
Pursuant to Section 32-1-207(3)(c)(I), C.R.S., the Mountain Vista 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 County of Eagle, Colorado (the
“County”), the Colorado Division of Local Government, the Colorado State Auditor; 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 changes made to the District’s boundaries in 2023.
2. Intergovernmental agreements entered into or terminated:
The District did not enter into, nor terminate, any Intergovernmental Agreements
with other governmental entities in 2023.
3. Access information to obtain a copy of the Rules and Regulations:
The District has not adopted Rules and Regulations.
4. A summary of any litigation involving public improvements by the District:
We are not aware of any litigation pending against the District.
5. Status of the construction of public improvements by the District:
The District does not currently have any construction of additional public
improvements in progress.
6. List of facilities or improvements constructed by the District that were
conveyed to the County:
The District did not have any facilities or improvements constructed in 2023
conveyed to the County.
7. Final Assessed Value of Taxable Property within the District’s boundaries as
of December 31, 2023:
The District’s 2023 final assessed valuation was $4,612,430.
8. Current annual budget of the District:
Attached as Exhibit A is a copy of the District’s Budget for the current fiscal year
2024.
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 2023 Audit Exemption.
10. Notice of any uncured defaults existing for more than 90 days under any debt
instrument of the District:
The District is not in default on any debt instrument.
11. The District’s inability to pay any financial obligations as they come due
under any obligation which continues beyond a ninety-day period:
To our knowledge, there are no defaults of the District’s obligations.
Respectfully submitted this 26th day of September 2024.
MOUNTAIN VISTA
METROPOLITAN DISTRICT
Eagle County, Colorado
By _________________________________
Authorized Representative
EXHIBIT A
2024 Budget
MOUNTAIN VISTA 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
Filed electronically: dlg-filing@state.co.us
RE: Mountain Vista Metropolitan District Budget; LGID #19072
Attached is the 2024 Budget for the Mountain Vista Metropolitan District in Eagle County,
Colorado, submitted pursuant to Section 29-1-116, C.R.S. This Budget was adopted on
November 10, 2023. If there are any questions on the budget, please contact Mr. Jon Erikson,
telephone number 970-926-6060.
The mill levy certified to the County Commissioners of Eagle County is 4.250 mills for all
general operating purposes, subject to statutory and/or TABOR limitations; 5.000 mills for
Contractual Obligations; 0.000 mills for G.O. bonds; 0.000 mills for refund/abatement; and
(1.050) mills for Temporary Tax Credit/Mill Levy Reduction. Based on a net assessed valuation
of $4,612,430, the total property tax revenue is $37,821.93. 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)
MOUNTAIN VISTA METROPOLITAN DISTRICT
2024 BUDGET MESSAGE
Mountain Vista 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 parking areas and/or structures, streets, bridges, parks
and recreations facilities and other improvements needed for the area.
The District has no employees and all operations and administrative functions are
contracted.
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
Mountain Vista Metropolitan District imposes an operations mill levy of 4.250 mills
(with a temporary mill levy reduction/credit of 1.050 mills) to pay current year
administrative expenses and will also continue to impose a contractual debt mill levy of
5.000 mills to pay for its obligations under the Intergovernmental Agreement (“IGA”)
with Confluence Metropolitan District.
Page 1 of 5
RESOLUTIONS OF MOUNTAIN VISTA METROPOLITAN DISTRICT
TO ADOPT 2024 BUDGET
A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND
AND ADOPTING A BUDGET FOR THE MOUNTAIN VISTA 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 Mountain Vista 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 November 10, 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 Mountain Vista
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 Mountain Vista Metropolitan District
for the year stated above, it may be adjusted for immaterial changes in the final
certified assessed value of the District as certified by the county assessor and
corresponding budget 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 the next
year’s budget and the budgeted beginning fund balance 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.
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Page 2 of 5
RESOLUTIONS OF MOUNTAIN VISTA 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 MOUNTAIN VISTA
METROPOLITAN DISTRICT, EAGLE COUNTY, COLORADO, FOR THE 2024 BUDGET
YEAR.
WHEREAS, the Board of Directors of the Mountain Vista Metropolitan District, has adopted the
annual budget in accordance with the Local Government Budget Law, on November 10, 2023
and;
WHEREAS, the amount of money necessary to balance the budget for general operating
expenses and capital expenditure purposes from property tax revenue is $14,759.78 and;
WHEREAS, the Mountain Vista Metropolitan District hereby documents its intent to preserve its
voter approved mill levy rate of 4.250 mills and to provide property tax relief by a temporary
reduction in property taxes 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 contractual obligations
from property tax revenue as approved by voters is $23,062.15 and;
WHEREAS, the amount of money necessary to balance the budget for voter approved bonds,
loans and interest is $0.00, and;
WHEREAS, the 2023 net valuation for assessment for the Mountain Vista Metropolitan District,
as certified by the County Assessor is $4,612,430.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the MOUNTAIN
VISTA METROPOLITAN DISTRICT, EAGLE COUNTY, COLORADO:
Section 1. That for the purposes of meeting all general operating expenses of the Mountain
Vista Metropolitan District during the 2024 budget year, there is hereby levied a
tax of 4.250 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 to its constituents
during budget year 2024 there is hereby levied a temporary tax credit/mill levy
reduction of 1.050 mills upon each dollar of the total valuation for assessment of
all taxable property within the District for the year 2023.
DocuSign Envelope ID: 996D7A69-15B1-4242-A69E-5F48D1709D81
Page 3 of 5
Section 3. That for the purpose of meeting all capital expenditures of the Mountain Vista
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 4. That for the purpose of meeting all payments for contractual obligations of the
Mountain Vista Metropolitan District during the 2024 budget year, there is hereby
levied a tax of 5.000 mills upon each dollar of the total valuation for assessment
of all taxable property within the District for the year 2023.
Section 5. That for the purpose of recouping refunds and abatements of the Mountain Vista
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 6. 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 Mountain Vista 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
Mountain Vista 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 MOUNTAIN VISTA 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 MOUNTAIN VISTA 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 November 10, 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
MOUNTAIN VISTA 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 $ 20,768
TOTAL GENERAL FUND: $ 20,768
DEBT SERVICE FUND:
Debt Service Expenditures $ 25,754
Fund Transfers 1,022
TOTAL DEBT SERVICE FUND: $ 26,776
DocuSign Envelope ID: 996D7A69-15B1-4242-A69E-5F48D1709D81
Page 5 of 5
RESOLUTIONS OF MOUNTAIN VISTA METROPOLITAN DISTRICT (CONTINUED)
TO ADOPT 2024 BUDGET, SET MILL LEVIES AND
APPROPRIATE SUMS OF MONEY
(CONTINUED)
The above resolutions to adopt the 2024 budget, set the mill levies and to appropriate sums of
money were adopted this 10th day of November, 2023.
By: ___________________________________
Title: __________________________________
DocuSign Envelope ID: 996D7A69-15B1-4242-A69E-5F48D1709D81
1/27/2024
GeneralManager
MOUNTAIN VISTA METROPOLITAN DISTRICTModified Printed: 1/29/2024STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCEAccrualBUDGET, ACTUAL AND FORECAST FOR THE PERIODS INDICATEDBasisGENERAL FUND9 Months 9 Months2022 2023VarianceEnded EndedVariance2024Unaudited Adopted Favorable2023 09/30/2309/30/23FavorableAdoptedActual Budget(Unfav)ForecastActualBudget(Unfav)BudgetBudget CommentsAssessed Valuation - Gross 5,534,860 5,427,580 5,427,580 7,392,460 Final AVLess Assessed Valuation - TIF 1,933,360 1,931,140 1,931,140 2,780,030 Final AVAssessed Valuation - Net3,601,500 3,496,440 3,496,440 4,612,430 Final AVOperations Mill Levy 4.250 4.250 4.250 4.250 For admin expensesTemporary Mill Levy Credit(1.050) Net Operations Mill Levy3.200 REVENUES Property Taxes 15,365 14,860 36 14,896 14,917 14,860 57 14,760 Net AV X Mill Levy / 1,000 Property Taxes - State Backfill1,166 State Backfill SB22-238 Specific Ownership Taxes 1,268 1,040 3 1,043 896 693 202 1,033 7% of Property Taxes Misc Income - - - - - - - - Interest 1,619 1,716 2,034 3,750 3,606 1,287 2,319 1,869 Based on 2%TOTAL REVENUES 18,252 17,616 2,073 19,689 19,418 16,840 2,578 18,828 EXPENDITURES Accounting 4,433 6,250 - 6,250 6,241 4,200 (2,041) 6,575 based on 2 meetings Audit - - - - - - - - Not required Election 1,688 2,500 1,901 599 599 2,500 1,901 - Assume canceled Insurance 2,719 3,500 465 3,035 2,759 3,500 741 3,500 Based on prior yr with infl increase Legal 5,083 7,500 - 7,500 1,965 4,475 2,510 7,750 based on 2 meetings Treasurer Fees 461 446 (2) 448 448 446 (2) 443 3% treas fee Director Fees and Taxes - - - - - - - - Contingency / Other 23 2,500 2,477 23 23 - (23) 2,500 To avoid budget amendmentTOTAL EXPENDITURES14,406 22,696 4,841 17,855 12,035 15,121 3,086 20,768 REVENUE OVER (UNDER) EXPEND. 3,846 (5,080) 6,914 1,834 7,383 1,719 5,664 (1,940) OTHER FINANCING SOURCES (USES) Transfer from Debt Service Fund 1,028 799 502 1,301 - - - 1,022 Per DS Fund Net SO less Treas Fee TOTAL OTHER FINANCING SOURCES (USES)1,028 799 502 1,301 - - - 1,022 FUND BALANCE - BEGINNING 85,438 85,789 4,522 90,312 90,312 85,789 4,522 93,446 FUND BALANCE - ENDING 90,312 81,509 11,938 93,446 97,695 87,509 10,186 92,529 = = = = = = = No assurance provided on these financial statements; substantially all disclosures required byGAAP omitted.PAGE 2
MOUNTAIN VISTA METROPOLITAN DISTRICTModified Printed: 1/29/2024STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCEAccrualBUDGET, ACTUAL AND FORECAST FOR THE PERIODS INDICATEDBasisDEBT SERVICE FUND9 Months 9 Months2022 2023VarianceEnded EndedVariance2024Unaudited Adopted Favorable2023 09/30/2309/30/23FavorableAdoptedActualBudget(Unfav)ForecastActualBudget(Unfav)BudgetBudget CommentsAssessed Valuation - Gross 5,534,860 5,427,580 5,427,580 7,392,460 Final AVLess Assessed Valuation - TIF 1,933,360 1,931,140 1,931,140 2,780,030 Final AVAssessed Valuation - Net3,601,500 3,496,440 3,496,440 4,612,430 Final AVPercent change from prior year-1.04% -3.93%31.92%IGA Mill levy5.000 5.000 5.000 5.0005 Mills IGA CFMD OpsREVENUES Property Taxes-Developer Note - - - - - - - - Property Taxes-IGA Contract 18,076 17,482 43 17,525 17,549 17,482 67 23,062 Required 5 mills/20 mills ended 2020 Specific Ownership Taxes 1,492 1,224 3 1,227 1,054 816 238 1,614 7% of net property taxes Interest Income 72 2,100 (1,500) 600 440 1,575 (1,135) 2,100 Additional $2K offset by ContingencyTOTAL REVENUES 19,641 20,806 (1,454) 19,352 19,043 19,873 (830) 26,777 EXPENDITURES Developer Note Interest - - - - - - - - All repaid Developer Note Principal - - - - - - - - All repaid Confluence Metro District IGA Pmt 18,070 17,482 (43) 17,525 17,525 17,482 (43) 23,062 Equal to tax revenue collected Treasurer's Fees 542 524 (1) 526 526 524 (2) 692 3% fee charged by County Contingency 2,000 2,000 - - - 2,000 To avoid budget amendmentTOTAL EXPENDITURES18,612 20,007 1,956 18,051 18,052 18,006 (45) 25,754 REVENUE OVER (UNDER) EXPEND. 1,028 799 502 1,301 992 1,867 (875) 1,022 OTHER FINANCING SOURCES (USES) Transfer to General Fund (1,028) (799) (502) (1,301) - - - (1,022) Net SO tax less Treas Fee TOTAL OTHER FINANCING SOURCES(1,028) (799) (502) (1,301) - - - (1,022) FUND BALANCE - BEGINNING - - - - - - - - FUND BALANCE - ENDING 0 0 - - 992 1,867 (875) 0 = = = = = = = = No assurance provided on these financial statements; substantially all disclosures required byGAAP omitted.PAGE 3
039 County Tax entity code DOLA LGID/SID 19072
TO: County Commissioners1 of Eagle County , Colorado.
On behalf of the Mountain Vista Metropolitan District
the Board of Directors
of the Mountain Vista Metropolitan District
$
$
Submitted:1/3/2023 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 4.250 mills 19,602.83$
2.
(1.050) mills (4,843.05)$
SUBTOTAL FOR GENERAL OPERATING: 3.200 mills 14,759.78$
3.General Obligation Bonds and InterestJ 0.000 mills -$
4.Contractual ObligationsK 5.000 mills 23,062.15$
5.Capital ExpendituresL 0.000 mills -$
6.Refunds/AbatementsM 0.000 mills -$
7.OtherN (specify):0.000 mills -$
0.000 mills -$
TOTAL:[]8.200 mills 37,821.93$
Daytime
phone:(970) 926-6060
Signed:Title:District Accountant
(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
(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:
Contact person:
(print) Jon Erickson
Sum of General Operating
Subtotal and Lines 3 to 7
7,392,460
4,612,430
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:
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:
Series:
Date of Issue:
Coupon rate:
Maturity Date:
Levy:
Revenue:
2. Purpose of Issue:
Series:
Date of Issue:
Coupon rate:
Maturity Date:
Levy:
Revenue:
CONTRACTSK:
3. Purpose of Contract:
To provide for coordinated operations and maintenance of certain pulic improvements
in conjunction with Confluence Metropolitan District
Title: Amended and Restated Intergovernmental Agreement
Date: April 28, 2006
Principal Amount: Property Taxes generated by 5 Mills
Maturity Date: None Stated
Levy: 5.000
Revenue: $23,062.15
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
Mountain Vista Metropolitan District
Form DLG 70 (rev 6/16)Page 2 of 4
EXHIBIT B
2023 Application for Exemption from Audit
ADDRESS
Jon Erickson
PART 1 - CERTIFICATION OF PREPARER
NAME:
I certify that I am skilled in governmental accounting and that the information in the application is complete and accurate, to the best of
my knowledge.
NAME OF GOVERNMENT
ADDRESS
Jon Erickson
(970)926-6060
28 Second St, Suite 213
Edwards, CO 81632
Jon@mwcpaa.com
SHORT FORM
CONTACT PERSON
PHONE
EMAIL
PREPARER (SIGNATURE REQUIRED)DATE PREPARED
FIRM NAME (if applicable)
PHONE
TITLE
Marchetti & Weaver, LLC
For the Year Ended
12/31/23
APPLICATION FOR EXEMPTION FROM AUDIT
or fiscal year ended:
Mountain Vista Metropolitan District
(970)926-6060
Principal/CPA
28 2nd St, Unit 213, Edwards, CO 81632
Please indicate whether the following financial information is recorded
using Governmental or Proprietary fund types
GOVERNMENTAL
(MODIFIED ACCRUAL BASIS)
PROPRIETARY
(CASH OR BUDGETARY BASIS)
2/28/2024
3
DocuSign Envelope ID: B1B12F02-E1F8-49FD-8417-76F67BDD7F98
Line#
2-1 Taxes: Property (report mills levied in Question 10-6)
2-2 Specific ownership
2-3 Sales and use
2-4 Other (specify):
2-5
2-6 Grants
2-7 Conservation Trust Funds (Lottery)
2-8 Highway Users Tax Funds (HUTF)
2-9 Other (specify):
2-10
2-11
2-12
2-13
2-14
2-15 Debt proceeds
2-16
2-17 Developer Advances received (should agree with line 4-4)
2-18
2-19
2-20
2-21
2-22
2-23
2-24
Line#
3-1
3-2
3-3
3-4
3-5
3-6
3-7
3-8
3-9
3-10
3-11
3-12
3-13
3-14
3-15
3-16
3-17 Debt service principal (should agree with Part 4)
3-18
3-19 Repayment of Developer Advance Principal (should agree with line 4-4)
3-20
3-21 Contribution to pension plan (should agree to line 7-2)
3-22 Contribution to Fire & Police Pension Assoc. (should agree to line 7-2)
3-23
3-24
3-25
3-26
Charges for services
Investment income
Special assessments
Proceeds from sale of capital assets
Other (specify):
-$
-$
Salaries
Payroll taxes
Contract services
-$
-$
-$
2,759$
11,355$
-$
-$
Repair and maintenance
Supplies
Public health
Streets and highways -$
-$
Utilities and telephone
Fire/Police
17,555$
-$
Utility operations
Culture and recreation
33,265$
Licenses and permits
1,596$
Intergovernmental:
Fines and forfeits
Employee benefits
-$
Please use this
space to provide
any necessary
explanations
-$
Description
(add lines 3-1 through 3-24) TOTAL EXPENDITURES/EXPENSES
Debt service interest
Other (specify):
Insurance
Accounting and legal fees
Repayment of Developer Advance Interest
If TOTAL REVENUE (Line 2-24) or TOTAL EXPENDITURES (Line 3-26) are GREATER than $100,000 - STOP. You may not use this
form. Please use the "Application for Exemption from Audit - LONG FORM".
Capital outlay
PART 2 - REVENUE
Description Round to nearest Dollar
REVENUE: All revenues for all funds must be reflected in this section, including proceeds from the sale of the government's land, building, and
equipment, and proceeds from debt or lease transactions. Financial information will not include fund equity information.
Administrative
-$
5,472$
-$
Round to nearest Dollar
-$
Donations
-$
-$
-$
-$
-$
-$
-$
EXPENDITURES: All expenditures for all funds must be reflected in this section, including the purchase of capital assets and principal and
interest payments on long-term debt. Financial information will not include fund equity information.
PART 3 - EXPENDITURES/EXPENSES
Transfer to Confluence Metro District per IGA
Fire and police pension
-$
-$
32,466$
2,869$
-$
-$
-$
-$
-$
-$
-$
Charges for utility services
(should agree with line 4-4, column 2)
Lease proceeds
(add lines 2-1 through 2-23) TOTAL REVENUE
-$
-$
-$
-$
-$
-$
-$
-$
-$
40,807$
Please use this
space to provide
any necessary
explanations
4
DocuSign Envelope ID: B1B12F02-E1F8-49FD-8417-76F67BDD7F98
Yes No
4-1
4-2
4-3
4-4
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
**Subscription Based Information Technology Arrangements *Must agree to prior year-end balance
Yes No
4-5
4-6
If yes:
4-7
If yes:
4-8
Amount Total
5-1 -$
5-2 -$
-$
95,474$
-$
-$
-$
95,474$
95,474$
Yes No N/A
5-4
5-5
Certificates of deposit
Total Cash Deposits
YEAR-END Total of ALL Checking and Savings Accounts
Total Investments
Total Cash and Investments
Outstanding at
year-end
Outstanding at
end of prior year*
Please answer the following questions by marking the appropriate boxes.
What is being leased?
Issued during
year
Other (specify):
Please provide the entity's cash deposit and investment balances.
-$
What is the amount outstanding?-$
Investments (if investment is a mutual fund, please list underlying investments):
PART 5 - CASH AND INVESTMENTS
5-3
If yes:
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 use this space to provide any explanations:
If yes:
Please answer the following questions by marking the appropriate boxes.
Does the entity have any authorized, but unissued, debt?
How much?
If Yes, please attach a copy of the entity's Debt Repayment Schedule.
How much?-$
52,000,000.00$
General obligation bonds
Revenue bonds
Notes/Loans
Lease & SBITA** Liabilities [GASB 87 & 96]
Developer Advances
Date the debt was authorized:
Does the entity intend to issue debt within the next calendar year?
Does the entity have any lease agreements?
Does the entity have debt that has been refinanced that it is still responsible for?
Number of years of lease?
PART 4 - DEBT OUTSTANDING, ISSUED, AND RETIRED
Retired during
year
TOTAL
Are the entity's Investments legal in accordance with Section 24-75-601, et.
seq., C.R.S.?
What is the original date of the lease?
5-1-2000 Now Stale
Please answer the following questions by marking in the appropriate boxes
Part 4 - Please use this space to provide any explanations/comments or attach separate documentation, if needed
Please complete the following debt schedule, if applicable:
(please only include principal amounts)(enter all amount as positive
numbers)
Is the debt repayment schedule attached? If no, MUST explain below:
Does the entity have outstanding debt?
CSAFE
What are the annual lease payments?
Is the lease subject to annual appropriation?
Is the entity current in its debt service payments? If no, MUST explain below:
5
DocuSign Envelope ID: B1B12F02-E1F8-49FD-8417-76F67BDD7F98
Yes No
6-1
6-2
6-3 Balance -
beginning of the
year*
Additions (Must
be included in
Part 3)
Deletions Year-End
Balance
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
-$ -$ -$ -$
*must tie to prior year ending balance
Yes No
7-1
7-2
-$
-$
-$
-$
-$
Yes No N/A
8-1
8-2
If yes:
Buildings
Please answer the following questions by marking in the appropriate boxes.
What is the monthly benefit paid for 20 years of service per retiree as of Jan
1?
Does the entity have capital assets?
Who administers the plan?
Debt Service Fund
Please answer the following questions by marking in the appropriate boxes.
Machinery and equipment
Furniture and fixtures
Infrastructure
Construction In Progress (CIP)
Indicate the contributions from:
Leased & SBITA Right-to-Use Assets
State contribution amount:
Other (gifts, donations, etc.):
Part 6 - Please use this space to provide any explanations/comments or attach documentation, if needed:
Part 7 - Please use this space to provide any explanations or comments:
PART 8 - BUDGET INFORMATION
If yes:
Other (explain):
TOTAL
Does the entity have an "old hire" firefighters' pension plan?
Total Appropriations By Fund
22,696$
Please answer the following questions by marking in the appropriate boxes.
Complete the following capital & right-to-use assets table:
Land
Has the entity performed an annual inventory of capital assets in accordance with Section
29-1-506, C.R.S.,? If no, MUST explain:
Does the entity have a volunteer firefighters' pension plan?
General Fund
Budgeted Expenditures
Did the entity file a budget with the Department of Local Affairs for the current year
in accordance with Section 29-1-113 C.R.S.? If no, MUST explain:
PART 6 - CAPITAL AND RIGHT-TO-USE ASSETS
PART 7 - PENSION INFORMATION
Accumulated Depreciation/Amortization
(Please enter a negative, or credit, balance)
Please indicate the amount budgeted for each fund for the year reported:
Did the entity pass an appropriations resolution, in accordance with Section
29-1-108 C.R.S.? If no, MUST explain:
Tax (property, SO, sales, etc.):
Fund NameGovernmental/Proprietary Fund Name
20,806$
TOTAL
6
DocuSign Envelope ID: B1B12F02-E1F8-49FD-8417-76F67BDD7F98
Yes No
9-1
Yes No
10-1
If yes:Date of formation:
10-2
10-3
10-4
If yes:
10-5
If yes:
10-6
If yes:
Yes No N/A
10-7
Has the entity changed its name in the past or current year?
Has the district filed a Title 32, Article 1 Special District Notice of Inactive Status during
If no, MUST explain:
Please use this space to provide any additional explanations or comments not previously included:
Operation & Construction of Public Improvements as defined in the Service Plan
PART 9 - TAXPAYER'S BILL OF RIGHTS (TABOR)
Please indicate what services the entity provides:
If yes:
Confluence Metro - to provide regional transportation; CSDPLP - Insurance
Please list the NEW name & PRIOR name:
4.250
Does the entity have an agreement with another government to provide services?
Is the entity a metropolitan district?
9.250
Bond Redemption mills
General/Other mills
Total mills
Please provide the following mills levied for the year reported (do not report $ amounts):
PART 10 - GENERAL INFORMATION
List the name of the other governmental entity and the services provided:
Is this application for a newly formed governmental entity?
Date Filed:
Does the entity have a certified Mill Levy?
5.000
Please answer the following questions by marking in the appropriate boxes.
Is the entity in compliance with all the provisions of TABOR [State Constitution, Article X, Section 20(5)]?
Please answer the following question by marking in the appropriate box
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.
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.
7
DocuSign Envelope ID: B1B12F02-E1F8-49FD-8417-76F67BDD7F98
8
DocuSign Envelope ID: B1B12F02-E1F8-49FD-8417-76F67BDD7F98
YES NO
12-1
Please answer the following question by marking in the appropriate box
If you plan to submit this form electronically, have you read the new Electronic Signature
Policy?
PART 11 - GOVERNING BODY APPROVAL
Office of the State Auditor — Local Government Division - Exemption
Form Electronic Signatures Policy and Procedure
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.
9
DocuSign Envelope ID: B1B12F02-E1F8-49FD-8417-76F67BDD7F98
Joseph Schuetz
Print the names of ALL members of current
governing body below.
Board
Member
3
Board
Member
6
Print Board Member's Name
Print Board Member's Name I Joseph Schuetz , attest 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
Board
Member
4
Chris Colantonio
I Lisa Sutila , attest 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
Lisa Sutila
Print Board Member's Name
Jessee Larson
Board
Member
1
I Jessee Larson , attest 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
Print Board Member's Name
Board
Member
2
I Chris Colantonio , attest 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
Print Board Member's Name
I Daniel Pirrallo, attest 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
Daniel Pirrallo
A MAJORITY of the members of the governing body must sign below.
I ______________________________ , attest 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:______________________
Print Board Member's Name
Board
Member
7
Board
Member
5
Print Board Member's Name
I ______________________________ , attest 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:______________________
10
DocuSign Envelope ID: B1B12F02-E1F8-49FD-8417-76F67BDD7F98
3/4/2024
3/1/2024
3/5/2024
3/1/2024
3/5/2024
