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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. 

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: $91,900.00

Mill Levy: 69.843

Capital Projects Fund: $8,612,554.00

Turion Metropolitan District No. 1 revenue and expenditure statement for 2023-2025 with budgets, fund balances, and tax details.

 

District No. 2

General Fund: $1,159,143.00

Mill Levy: 65.071

 

District No. 3

General Fund: $482.00

Mill Levy: 65.072

 

District No. 4

General Fund: $101.00

Mill Levy: 50.000

 

District No. 5

General Fund: $101.00

Mill Levy: 53.650

 

District No. 6

General Fund: $101.00

Mill Levy: 53.650

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.


TURION METROPOLITAN DISTRICT NO. 1
RESOLUTION TO AMEND 2024 BUDGET
WHEREAS, the Board of Directors of Turion Metropolitan District No. 1 (the “District”) certifies that at a Regular Meeting of the Board of Directors of the District held November 21, 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 $67,448.00
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:
Name of Fund $125,575.00
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.

 

TURION METROPOLITAN DISTRICT NO. 1
RESOLUTION TO AMEND 2024 BUDGET
WHEREAS, the Board of Directors of Turion Metropolitan District No. 1 (the “District”) certifies that at a Special Meeting of the Board of Directors of the District held on February 2, 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:
Capital Fund $8,612,554.00
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:
Capital Fund $8,867,554.00
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.

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.

Turion MD No. 1 - 2022 - AuditTurion MD No. 2 - 2022 - Audit
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.

Turion MD Nos. 3-6 - 2023 - Audit ExemptionTurion MD Nos. 3-6 - 2022 - Audit Exemption