WildWing Metropolitan District

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

Mill Levy: 0.00 mills

General Fund: $809,190

Sewer Reserve Fund: $0

District No. 2

Mill Levy: 61.942 mills

General Fund: $685,838

District No. 3

Mill Levy: 62.884 mills

General Fund: $413,432

District No. 4

Mill Levy: 62.421

General Fund: $476,721

District No. 5

Mill Levy: 59.130

General Fund: $58,249

Debt Service Fund: $995,621

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.

Link to DLG website – 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/

WILDWING METROPOLITAN DISTRICT NO.1
RESOLUTION TO AMEND 2024 BUDGET
WHEREAS, the Board of Directors of Wild Wing Metropolitan District No.1 (the “District”) certifies that at a Regular Meeting of the Board of Directors of the District held November 14, 2024, a public hearing was held regarding the 2024 amended budget, and, subsequent thereto, the following Resolution was adopted by an affirmative vote of a majority of the Board of Directors:
WHEREAS, the Board of Directors of the District adopted a budget and appropriated funds for fiscal year 2024 as follows:
General Fund $661,375.00
and;
WHEREAS, the necessity has arisen for additional expenditures by the District due to additional costs that 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 fiscal year 2024; and
WHEREAS, funds are available for such expenditure.
NOW, THEREFORE, BE IT RESOLVED that the Board of Directors of the District does hereby amend the adopted budget for fiscal year 2024 as follows:
General Fund $668,293.00
BE IT FURTHER RESOLVED, that such sums are hereby appropriated from the revenues of the District to the funds named above for the purpose stated, and that any ending fund balances shall be reserved for purposes of complying with Article X, Section 20 of the Colorado Constitution.

WILDWING METROPOLITAN DISTRICT NO.5 DEBT SERVICE FUND
RESOLUTION TO AMEND 2024 BUDGET
WHEREAS, the Board of Directors of Wild Wing Metropolitan District No. 5 Debt Service Fund (the “District”) certifies that at a Regular Meeting of the Board of Directors of the District held November 14, 2024, a public hearing was held regarding the 2024 amended budget, and, subsequent thereto, the following Resolution was adopted by an affirmative vote of a majority of the Board of Directors:
WHEREAS, the Board of Directors of the District adopted a budget and appropriated funds for fiscal year 2024 as follows:
District No. 5 Budget Service Fund $19,839,515.00
and;
WHEREAS, the necessity has arisen for additional expenditures by the District due to additional costs that 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 fiscal year 2024; and
WHEREAS, funds are available for such expenditure.
NOW, THEREFORE, BE IT RESOLVED that the Board of Directors of the District does hereby amend the adopted budget for fiscal year 2024 as follows:
District No. 5 Budget Service Fund $19,938,923.00
BE IT FURTHER RESOLVED, that such sums are hereby appropriated from the revenues of the District to the funds named above for the purpose stated, and that any ending fund balances shall be reserved for purposes of complying with Article X, Section 20 of the Colorado Constitution.

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.