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Ken-Caryl board approves audit, supplemental budget and committee appointments in unanimous votes
Summary
The Ken-Caryl Ranch Metropolitan District board accepted the 2024 audit, adopted a 2024 supplemental budget appropriation, updated the district retirement plan coordinator and approved committee and officer assignments in a series of 5-0 roll-call votes on June 24.
The Ken-Caryl Ranch Metropolitan District Board of Directors voted unanimously Thursday to accept the district’s 2024 annual audit, adopt a supplemental 2024 budget appropriation, update the plan coordinator for the district retirement plan administered by MissionSquare Retirement, and approve a slate of committee and officer assignments.
The board accepted the audit prepared by Haney & Company and authorized Haney to submit the audit to the Colorado State Auditor. Whitney Rosenfeld, audit manager for Haney & Company, told the board the audit is complete and that the firm’s opinion is “an unmodified opinion, which is the highest, cleanest opinion you can get.” The motion to accept the audit passed on a 5-0 roll-call vote.
The board also adopted Resolution MD25-101, a supplemental appropriation to make two funds "whole" for 2024: an adjustment to the Debt Service Fund and a small appropriation to the Plains Metropolitan District Fund. Staff told the board the amounts needed were $10,535 for the debt service fund and $581 for the Plains Metropolitan District Fund; the board opened a required public hearing, received no public comment, and approved the supplemental appropriation by roll call, 5-0.
In a separate vote, the board adopted Resolution MD25-102 to update the plan coordinator for the district retirement plans administered by MissionSquare Retirement so the new district manager can act as plan coordinator. The motion passed 5-0.
The board also approved two appointments to the Community Planning Committee and a full slate of officer and committee assignments (President Joe Levy; Vice President John Ostrom; Treasurer Mike Myron; Secretary David Boone; Open Space Committee representative: David Boone; Community Planning Committee representative: Mike Myron; South Hogback Open Space Task Force: Joe Levy; Irrigation Task Force: Jeff Nysum; MA liaison: John Ostrom). Those personnel and committee motions likewise passed 5-0 on roll call.
Why it matters: The audit acceptance closes the district’s 2024 financial statement process and allows staff to file the audit with the state. The supplemental appropriation corrects line-item shortfalls in funds for 2024 to comply with Colorado law and ensures proper accounting before closing the year.
Votes at a glance - Resolution MD25-101 (2024 supplemental budget appropriation: Debt Service Fund $10,535; Plains Metropolitan District Fund $581) — Passed 5-0 (roll call) - Resolution MD25-102 (update plan coordinator for MissionSquare Retirement accounts) — Passed 5-0 (roll call) - Motion to accept 2024 annual audit and authorize submission to the Colorado State Auditor (Haney & Company) — Passed 5-0 (roll call) - Community Planning Committee appointments (Jim Koselman; Lizzie Goodman) — Passed 5-0 (roll call) - Officer and committee assignments (slate as read at meeting) — Passed 5-0 (roll call)
Board members voting in favor (recorded on roll calls): President Joe Levy; Treasurer Mike Myron; Vice President John Ostrom; Director David Boone; Director Jeff Nysum.
Notes and next steps - The auditors noted a control recommendation on personnel records retention and supporting documentation; management said changes already are being implemented. - Staff will file the accepted audit with the Colorado State Auditor as required by state statute, per the motion recorded at the meeting.
