NOTICE IS HEREBY GIVEN that pursuant to C.R.S. Section 32-1-1001(2), the Boards of Directors of…
§1-7-908, C.R.S.
PIÑON PINES METROPOLITAN DISTRICT NO. 3
EL PASO COUNTY, COLORADO
SPECIAL ELECTION TO BE HELD NOVEMBER 5, 2024
The Piñon Pines Metropolitan District No. 3 (the “District”) will hold a special election on November 5, 2024 to submit to the electors of the District ballot issues concerning the creation of debt or other financial obligation. Pursuant to Section 1-7-908, C.R.S., notice is hereby posted by the District on or before October 16, 2024 on the District’s website or in the District’s administrative offices of the following information:
District’s ending General Fund balances:
|
2020 |
2021 | 2022 | 2023 |
EST 2024 |
|
$705,977 |
$781,487 | $1,358,075 | $1,599,704 |
$1,628,244 |
Total revenues in and expenditures from the district’s General Fund:
|
|
2020 | 2021 | 2022 | 2023 |
EST 2024 |
| Revenues |
$423,572 |
$535,909 | $899,536 | $912,772 |
$949,189 |
| Expenditures |
$161,049 |
$460,399 | $362,160 | $671,143 |
$643,848 |
District’s ending Debt Service Fund balances:
|
2020 |
2021 | 2022 | 2023 |
EST 2024 |
|
$0 |
$0 | $0 | $0 | $0 |
Total revenues in and expenditures from the district’s Debt Service Fund:
|
|
2020 | 2021 | 2022 | 2023 |
EST 2024 |
| Revenues |
$0 |
$0 | $0 | $0 |
$0 |
| Expenditures |
$0 |
$0 | $0 | $0 |
$0 |
Amount of debt or other financial obligation incurred by the district that has a term of not more than one year:
|
2020 |
2021 | 2022 | 2023 |
EST 2024 |
|
$0 |
$0 | $0 | $0 |
$0 |
STATEMENT AS TO WHETHER the district’s Emergency Reserve Fund REQUIRED BY SECTION 20(5) OF ARTICLE X OF THE COLORADO CONSTITUTION HAS BEEN FULLY FUNDED BY CASH OR INVESTMENTS FOR THE CURRENT FISCAL YEAR AND EACH OF THE LAST FOUR FISCAL YEARS AND AN IDENTIFICATION OF THE FUNDS OR ACCOUNTS IN WHICH THE RESERVE IS CURRENTLY HELD. (IF THE RESERVE HAS NOT BEEN FULLY FUNDED, A STATEMENT OF THE REASONS SHALL BE INCLUDED):
|
|
2020 | 2021 | 2022 | 2023 |
EST 2024 |
| Emergency Reserve Funded? yes/no * | yes | yes | yes | yes | yes |
LOCATION OR LOCATIONS AT WHICH ANY PERSON MAY REVIEW THE DISTRICT’S AUDITED FINANCIAL STATEMENTS FOR THE LAST FOUR FISCAL YEARS, ANY MANAGEMENT LETTERS THAT HAVE BEEN MADE PUBLIC AND HAVE BEEN PROVIDED TO THE DISTRICT BY ITS AUDITORS IN CONNECTION WITH THE PREPARATION OF ITS AUDITS FOR THE LAST FOUR FISCAL YEARS, AND THE DISTRICT’S BUDGET FOR THE CURRENT FISCAL YEAR:
Spencer Fane LLP, 1700 Lincoln Street, Suite 2000, Denver, CO 80203