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Financial Documents

2025 Budget 

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.

Financials & Capital Fund Analysis

Bankruptcy Documents

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/

Founders Village MD

General Fund: $8,639,210.00

Mill Levy: 94.563

Founders Village Metropolitan District budget with revenues, expenditures, and fund balances for 2023-2025.

 

Villages at Castle Rock MD No. 4

General Fund: $6,391,439.00

Mill Levy: 4.721

Capital Project Fund: $1,304,500.00

Debt Service Fund: $5,250.000.00

Budget summary for The Villages at Castle Rock Metropolitan District #4, detailing revenues, expenditures, and fund balances for 2023-2025.
Budget for The Villages at Castle Rock Metropolitan District #4, listing funds, revenues, and expenditures for 2023-2025.
Budget table for Castle Rock Metro District #4, showing fund balances, revenues, and expenditures from 2023 to 2025.
Budget Amendment 

“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.”

Audit 

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.

FVVCR - 2022 - Audit.pdfFVVCR - 2021 - Audit.pdf
Audit Exemption 

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.

There has not been an audit exemption filed in the last 3 years

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