WILSON MESA AT TELLURID METROPOLITAN DISTRICT

Transcription

1 WILSON MESA AT TELLURID METROPOLITAN DISTRICT January 17, 213 TO; Division of Local Government 1313 Sherman Street, Room 521 Denver, CO 823 Subject; Letter of transmittal- 213 Budget This is the letter of transmittal for the 213 budget for Wilson Mesa at Telluride Metropolitan District in San Miguel County, submitted pursuant to Section , CRS. Wilson Mesa at Telluride Metropolitan District provides water service to the residents of Wilson Mesa Ranch. The Ranch is located about 18 miles west of Telluride, Colorado, and consists of 94 tracts in the seven to thirty-five acre size. A total of 53 water taps are provided. Water is provided from an intake gallery on Elk Creek through 11,6 lineal feet of pipeline to the community water treatment facility, a 135,-gallon storage tank, and the distribution system. The 213 proposed budget was presented to the Board of Directors and all owners of Wilson Mesa at Telluride Metropolitan District at a meeting on December 15 th, 212. (The District employs the accrual system of accounting.) The 213 budget provides for the operation of the District, debt service, and ongoing capital improvements. For 213, major capital improvements will include: continued replacement of old, low quality, undersized and poorly bedded pipeline (dated to when finances were very limited). The 213 budget was adopted, a general property tax mill levy was certified to the Board of County Commissioners, and funds were appropriated at a Board meeting held December 15 th, 212. Copies of the budget letter, budget, and tax levy are attached.

2 January 17, 213 Respectfully submitted, Martin R. Rosenthal, President I hereby certify that the enclosed are true and accurate copies of the 213 budget and certification of tax levies to the Board of County Commissioners. (Ltr transmittal- 213 budget) STATE OF COLORADO ) ) ss. COUNTY OF SAN MIGUEL ) Cc: San Miguel County Assessor San Miguel County Treasurer WMMD Board of Directors Richard Betts, President, ASAP Accounting and Payroll Services, Inc. Robert G. Cole, Attorney PO BOX 1919 TELLURIDE, CO PHONE: FAX: RICHARD@BUSINESSASAP.COM

3 WILSON MESA METRO DISTRICT GENERAL FUND Schedule of Revenues and Expenditures-Budget and Actual Adopted Year to date Year End Proposed Year End Budget 9/25112 Projection Budget BEGINNING FUND BALANCE JANUARY 1ST 259,76 391, OPERATING REVENUE User Fees System Tap Fees Transfer fees Connection Supervision Fees Excess Water Usage Fee F manee Charges 32,87-26, 26, , I TOTAL OPERATING REVENUES 33,555 26, 27,15 27,29 26, OPERATING EXPENSES System' Repairs to Water System Water Testing Water Plant Operator Utilities Water System Snow Removal Woods Road 23,131 I 25, I 3 ~ ,71 2,352 7,62 2,11 3,9 15, 3, 9, 24 6, 25, 3, 9,1 25 6, Total System Expenses 41,17 44,175 26,566 35,4 45,6 General and Administrative Audit Exemption Report Chflstmas Bonus Legal Accounting DuesfSubslPermltslFees Conference and Meeting Expense Telephone Ins Gen Llab.fPub,c Officials Liab Office SuppliesfPrinting Postage Emergency Reserve (3% of Revenues) 1,55 1,45-' ,628 2, , ,967 1, , , , I 1, , DonatIon Total General and Administrative Expense 29,852 26,179 15, TOTAL OPERATING EXPENSES ,354 42, ,13 OPERA TING GAIN (LOSS) (37,314) (44,354) (15,342) (34.184) (52,13) NON-OPERATING REVENUES Property Taxes-General Operations Specific Ownership Tax Penalties and Int on Delinquent Taxes Interest Income , , ,946 2,87 5, (6,47 4 (2.155) TOTAL NON-OPERATING REVENUES 157, , , , ,24 NON-OPERATING EXPENSES County Treasurer's Collection Fees TOTAL NON-OPERATING EXPENSES 5,331 5,96 4,375 5,96 5,395 GAIN (LOSS) BEFORE TRANSFERS , , ,526 TRANSFERS Operating Transfers In (Out) To Capital Fund Operating Transfers In (Out) To Debt Fund ENDING FUND BALANCE AM

4 12/18/212 WILSON MESA METRO DISTRICT CAPITAL FUND Schedule of Revenues and Expenditures-Budget and Actual Year End Adopted Year to Date Year End Proposed Budget 9/25/211 Projected Budget REVENUES RECEIVED Operating Transfer In (Out) From General Fund Interest Income 32,11 5,1 171, ,1 5,1 TOTAL REVENUES RECEIVED 32,1 5, 171,498 18, 5, DISBURSEMENT FROM FUND Acquisition of Capital Assets Water Plant and System Improvement (32,1) (5,) (171,498) (18,) (5,) Lease Purchase Acquisitions Lease Fees TOTAL DISBURSEMENTS (32,1) (5,) (27,6) (18,) (5,) ENDING FUND BALANCE o o o o o

5 WILSON MESA METRO DISTRICT DEBT FUND Schedule of Revenues and Expenditures-Budget and Actual Year End Adopted Budget Year to Date 9/25/212 Year End Projected Proposed Budget DISBURSEMENTS FROM FUND Principal Reduction Local Affairs Note Interest Paid on Local Affiars Note Principal Paid to Homeowners Association TOTAL DISBURSEMENTS FROM FUND (34,584) NETADDITIONS (LOSS) BEFORE TRANSFERS (34,584) TRANSFERS Transfer (to) from General Fund ENDING FUND BALANCE

6 SAN MIGUEL COUNTY COLORADO WlLSON MESA METROPOLITAN DISTRICT A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 213, TO HELp DEFRAY THE COST OF GOVERNMENT FOR THE WILSON MESA METRO DISTRICT, FOR nm YEAR 213 BUDGET YEAR. WHEREAS. the Board ofdirectors of th" Wilson Mesa Metro District bas adopted the annual budget in accordance with the Local Government Budget Law, on Deeember , 212 WHEREAS, the amount ofmoney necessary to balance the budget for general operating purposes is $213,24. WHEREAS, the 213 valuation for assessment for the Wilson Mesa Metro District as "ertified by the County Assessor is $8,639,51. NOW, THEREFORE, BE IT RESOLVED BY THE SOARD OF DIRECTORS OF THE WILSON MESA METRO DISTRICf: Section 1- That for the purpose of meeting general operating expenses of the Wilson Mesa Metro District during the 213 budget year, there is bereby levied a tax of mills upon each dollar ofthe total valuation fur assessment ofall taxable property within the Wilson Mesa Metro Di&1rict for the year 213. Section 2. That the District Director is hereby authori2;ed and directed to immediately certify to the COWlty Commissioners ofsan Miguel County, Colorado, the mill levies for the Wilson Mesa Metro District as herein above determined and set. ADOPTBD this 15th day of December. 212, at it regular meeting ot'the Wilson Mesa Metro District Board of Directors.

7 SAN MIGUEL COUNTY COLORADO WILSON MESA ME'fROPOUTAN DISTRICT NOW, THEREFORE BE JT RESOtVED BY THE BOARD OF DIRECTORS OF THE WILSON MESA METRO DISTRICT: Section I. That estimated expenditqtes fur eaoh fund are as follows: General Fund: $ 83,498 Capital Fund: $ 5, Section 2: That Estimated Revenues for each fund ate as follows: General Fund: From sources other than general tax $ 26, from general property tax $179,83 Total General Fund $25,83 capital Fund: From I!OUI'OOS other than general tax 55, From gener.ll property tax $ N/A Total Capital Fund $ 5, Section 3. That the Wibmn Mesa Metro District budget is hereby approved and adopted shall be signed by the Chairman of the Board of Directots and the Secretary of the Soard of Directors ofthe Wihion Mesa Metro District and made a pan: ofthe public record oftbe Wilson Mesa Metro Oistrict. Adopted this 15th day ofdecember 212, at a regular meeting o(the Wilson Mesa Metro District Board of Directors. M~thal. President Attests: ell&o ~ : Christine -rsehtnkel, Treasurer

8 SAN MIGUEL COUNTY COLORADO WILSON MESA METROPOLITAN DISTRICT A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND AND ADOPTlNG A BUDGET FOR TliE WILSON MESA MaTRO DISTRICT FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY 213, AND ENDING ON THE LAST DAY OF OEC.EM.BE.R, 213. WHEREAS, the Board ofdi:rectot'$ of the Wilson Mesa Metro District bas appointed Marty ROSlmthal, President, to prepare and submit a proposed budget to said governing body at the proper time. and; WHEREAS, Marty Rosenthal has submitted a proposed budget to this govenrlllg body 11 December IS ih, 212, for its consideration. and; WHEREAS, upon due and proper notice, published or posted in accordance with law, said proposed budget was open for inspection by the public at a designated place, a public hearing was held on Deoember 15th, 212. and interested tall.payers were giveu the opportunity to file or register any objectiou$ to said proposed budget, and; WHEREAS, whatever increase may have been made in the expenditures, like iooreases were added to the revenues so that the budget remains in bahuwe. as required by law. NOW, THEREFORE BE IT RESOLYEO BY THE BOARD OF DIRECTORS OF THE WILSON MESA METRO DISTRICT; Section 1. Section 2. That estimated expenditures for clwh fund are as follows; General Fund Capital Fund That established revenues for each fund are as follows: General Fund Capital Fund S 83,498 $ 5, 1& $ 5. Section 3. That "the Metro Di$lrlct Budget approved and adopted shall be signed by the Cbain:nan ofthe Board of Directors and the Secrewy oftbe Board of Directors oftbe Wilson Mesa Metro District. ADOPTED this 15th day ofdecember, 2}2, at u. regular meetiog of the Wilsoll Mesa Metro District Board of Directors.

9 SAN MIGUEl.. COUN1Y COLORADO WILSON MESA METROPOLITAN DISTRICT A RESOLUTION APPROPJUA TINO SUMS OF MONEY TO nm VARIOUS FUNDS. IN TIlE AMOUNT AND FOR THE PURPOSE AS SET FORTH BELOW, FOR THE WILSON MESA METRO DISTRICT, FQR THE 213 BUDGET YEAR. WHEREAS. the Board ofditectors ofthe Wilson Mesa Metro Dis1rict has adopted the annual budf;et in accordance with the Looal Government Budget Law~ on December 15th~ 212, and; WHEREAS, the Board of Ditectors ofthe Wilson Mesa Metro District has made provisions therein for revenues in an amount equal to or greater than 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 revenue provided in the budget to and for the purposes described below, so as not to impair the operation of the Wilson Mesa Metro District. NOW, THEREFORE. BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE WlLSON MESA METRO DISTRtCT: General Fund Current Operating Expenses Capital Fund Ca.pital Outlay $ $ 83,498 5~OOO ADOPTED this 15th day of Deoemoor 212, at a regular meeting ofthe Wilson Mesa Metro District Board ofdirectors.,im!{j~r:-:---- ~c- ~~---.. Marty Rosenthal. Pre~ident L ' Attests: ~ Cbri.stille Tschinkel. Treasurer