VDW Metropolitan District Nos. 1-3

A budget for each special district is required to be submitted to the Division of Local Government on an annual basis. The budget must contain revenues, expenditures, and fund balances. Each budget must also contain a message of significant budget issues for the year, the basis of accounting, and any leases that the district is involved in. A draft budget must be presented to the board of directors by October 15th. A hearing is set for public comment thereafter. The budget document must then be adopted by December 31st (Dec 15th if levying property taxes) and submitted to the Division of Local Government by January 31st of the budget year. Special district budgets are available for review at the office of the special district, or at the Division of Local Government’s Denver office.

For comprehensive documentation, please visit DOLA's website and enter the District's Name in the "Local Government Name" box: https://dola.colorado.gov/dlg_lgis_ui_pu/

District No. 1

General Fund: $1,068,269

Capital Projects Fund: $365,280

District No. 2

Mill Levy: 37.299 mills

General Fund: $706,557

Debt Service Fund: $682,147

District No. 3

Mill Levy: 30.613 mills

General Fund: $216,028

Debt Service Fund: $221,573

A Budget Amendment (BA) is the mechanism used to revise the working budget to reflect changes that occur throughout the fiscal year. Once the working budget is completed, it can only be changed by Budget Amendment. Budget amendments are occasionally necessary, and should be filed with the Division of Local Government (DLG) when adopted by a local government.

For comprehensive documentation, please visit DOLA's website and enter the District's Name in the "Local Government Name" box: https://dola.colorado.gov/dlg_lgis_ui_pu/

RESOLUTION TO AMEND 2022 BUDGET COMES NOW, Kim Perry, the President of the VDW METROPOLITAN DISTRICT No. 1, and certifies that at a special meeting of the Board of Directors of the District held virtually Friday, the 11th day of November 2022, at 2:00 p.m., via MS Teams and the following Resolution was adopted by affirmative vote of a majority of the Board of Directors, towit: WHEREAS, the Board of Directors of the VDW Meadows Metropolitan District No. 1 appropriated funds for the fiscal year 2022 as follows: Debt Service Fund $ 129,800 and; WHEREAS, the necessity has arisen for additional expenditures and transfers by the District due to additional costs which could not have been reasonably anticipated at the time of adoption of the budget, requiring the expenditure of funds in excess of those appropriated for the fiscal year 2022; and WHEREAS, funds are available for such an expenditure and transfer from surplus revenue funds of the District; NOW, THEREFORE, BE IT RESOLVED that the Board of Directors of the VDW Metropolitan District No. 1 shall and hereby does amend the budget for the fiscal year 2022 as follows: Debt Service Fund $ 984,800 BE IT FURTHER RESOLVED that such sums are hereby appropriated from the revenues of the District to the Debt Service and Capital Funds for the purposes stated, and that any ending fund balances shall be reserved for purposes of Amendment 1 to the Colorado Constitution, approved November 3, 1992.

RESOLUTION TO AMEND 2022 BUDGET COMES NOW, Kim Perry, the President of the VDW METROPOLITAN DISTRICT No. 2, and certifies that at a special meeting of the Board of Directors of the District held virtually Friday, the 11th day of November 2022, at 2:00 p.m., via MS Teams and the following Resolution was adopted by affirmative vote of a majority of the Board of Directors, towit: WHEREAS, the Board of Directors of the VDW Meadows Metropolitan District No. 2 appropriated funds for the fiscal year 2022 as follows: Debt Service Fund $ 1,828,190 and; WHEREAS, the necessity has arisen for additional expenditures and transfers by the District due to additional costs which could not have been reasonably anticipated at the time of adoption of the budget, requiring the expenditure of funds in excess of those appropriated for the fiscal year 2022; and WHEREAS, funds are available for such an expenditure and transfer from surplus revenue funds of the District; NOW, THEREFORE, BE IT RESOLVED that the Board of Directors of the VDW Metropolitan District No. 2 shall and hereby does amend the budget for the fiscal year 2022 as follows: Debt Service Fund $ 12,693,966 BE IT FURTHER RESOLVED that such sums are hereby appropriated from the revenues of the District to the Debt Service and Capital Funds for the purposes stated, and that any ending fund balances shall be reserved for purposes of Amendment 1 to the Colorado Constitution, approved November 3, 1992.

An annual audit of the financial affairs of the district must be completed by every District by June 30 and filed with the Office of the State Auditor by July 31.

A district that has annual revenues or expenditures of less than $750,000 may apply to the Office of the State Auditor for an exemption from audit. The exemption is not automatic, it must be granted, and the request must be filed by March 31.