NOTICE of FINANCIAL INFORMATION for
INVERNESS WATER AND SANITATION DISTRICT
Arapahoe and Douglas Counties, Colorado
At the election to be held on May 6, 2025, Inverness Water and Sanitation District (the “District”) is submitting two ballot issues concerning the creation of debt or financial obligation.
Pursuant to §1-7-908(1) C.R.S., the following financial information is provided:
I. District’s Ending General Fund Balance by Fiscal Year
Fiscal Year Ending Balance
2025 (projected) $ 1,794,584
2024 (unaudited) $ 2,143,002
2023 (audited) $ 1,617,182
2022 (audited) $ 2,783,083
2021 (audited) $ 4,807,524
II. Total Revenues In and Expenditures From the District’s General Fund by Fiscal Year
Fiscal Year Revenues In Expenditures From
2025 (projected) $ 7,910,286 $ 8,016,100
2024 (unaudited) $ 7,128,350 $ 4,488,003
2023 (audited) $ 6,344,128 $ 4,859,609
2022 (audited) $ 5,881,270 $ 5,985,401
2021 (audited) $ 5,510,435 $ 4,413,391
III. Amount Incurred by the District for Cash Flow Purposes – by Fiscal Year (Debt or other Financial Obligation with not more than one year term)
Fiscal Year Cash Flow Borrowings
2025 (projected) $ 2,000,000
2024 (unaudited) $ 692,000
2023 (audited) $ 808,057
2022 (audited) $ 0
2021 (audited) $ 145,742
IV. The District’s Emergency Reserve Required by § 20(5) of Article X of the Colorado Constitution has been Fully Funded by Cash or Investments for the followingFiscal Years
Fiscal Year Emergency Reserve Held In Debt Fund
2025 (current) Fully Funded
2024 (unaudited) Fully Funded
2023 (audited) Fully Funded
2022 (audited) Fully Funded
2021 (audited) Fully Funded
V. District’s Ending Bond Redemption Fund Balance by Fiscal Year
Fiscal Year Ending Balance
2025 (projected) $ 4,153,306
2024 (unaudited) $ 4,299,220
2023 (audited) $ 3,317,948
2022 (audited) $ 878,497
2021 (audited) $ 605,448
VI. Total Revenues In and Expenditures From the District’s Bond Redemption Fund by Fiscal Year
Fiscal Year Revenues In Expenditures From
2025 (projected) $ 2,558,286 $ 704,200
2024 (unaudited) $ 2,487,338 $ 814,965
2023 (audited) $ 2,650,420 $ 2,439,451
2022 (audited) $ 1,920,310 $ 1,647,261
2021 (audited) $ 1,987,954 $ 109,797
VII. Any person may review the District’s
1. audited Financial Statements for the last four Fiscal Years,
2. any Management Letters made public and provided to the District by the District’s Auditors for the last four Fiscal Years, and
3. the Budget for the current Fiscal Year
at the following location:
Laurie Tatlock
Inverness Water and Sanitation District
58 Inverness Drive West, Suite 100
Englewood, Colorado 80112
Telephone: (303) 649-9857
INVERNESS WATER AND SANITATION DISTRICT
Arapahoe and Douglas Counties, Colorado
TO BE HELD
TUESDAY, MAY 6, 2025
PUBLIC NOTICE IS HEREBY GIVEN that pursuant to law, an election will be held for the Inverness Water and Sanitation District (the "District"), in Arapahoe and Douglas Counties, State of Colorado, on Tuesday, May 6, 2025.
The election will be conducted as a mail ballot election pursuant to the Colorado Local Government Election Code. Ballots will be mailed to eligible electors of the District between April 14, 2025 and April 21, 2025.
A drop-off ballot box is located in the District offices at 58 Inverness Drive East, Suite 100, Englewood, Colorado 80112, and will be open Monday through Friday from 8 a.m. to 5 p.m. from April 14, 2025 through May 5, 2025, and on Election Day, May 6, 2025 from 7 a.m. to 7 p.m. Ballots can also be mailed per instructions contained in the ballot packet and must be received by 7 p.m. on Tuesday, May 6, 2025 to be counted. With the exception of active military serving overseas, ballots received after 7 p.m. on May 6 will not be counted, regardless of postmark.
In addition, on the day of the election only, May 6, 2025, a ballot box, monitored by an election judge, will be available to drop ballots off from 7 a.m. to 7 p.m. within the District, at 58 Inverness Drive East, Suite 100, Englewood, CO 80112.
At said election, the eligible electors of the District shall vote for Directors to serve 4-year terms of office on the Board of Directors of the District. The names of persons nominated as Director for three positions for a three-year term are as follows:
Joel Christensen
Thomas P. Morton
William Bruce Woodward
At said election the following ballot issues will be considered:
INVERNESS WATER AND SANITATION DISTRICT BALLOT ISSUE A – DEBT AND TAX INCREASE FOR WATER IMPROVEMENTS:
SHALL INVERNESS WATER AND SANITATION DISTRICT DEBT BE INCREASED $15 MILLION, WITH A REPAYMENT COST OF UP TO $43.8 MILLION, AND SHALL THE DISTRICT BE AUTHORIZED TO COLLECT TAXES SUFFICIENT TO PAY PRINCIPAL OF AND INTEREST ON SUCH DEBT, BUT NOT EXCEEDING $2,980,000 ANNUALLY, THE PROCEEDS OF SUCH DEBT TO BE USED FOR CAPITAL IMPROVEMENTS OF THE DISTRICT FOR WATER PURPOSES, INCLUDING:
Paying, reimbursing or financing all or any part of the costs of acquiring, constructing, relocating, installing, completing and otherwise providing, within and without the boundaries of the District, raw, potable and non-potable water supply projects, including water rights, wells, transmission lines, conveyance and distribution mains, storage facility projects, pumping facility projects, water treatment and existing water infrastructure improvement projects;
SUCH DEBT TO BE EVIDENCED BY THE ISSUANCE OF GENERAL OBLIGATION BONDS OR OTHER MULTIPLE FISCAL YEAR FINANCIAL OBLIGATIONS, WHICH SHALL BEAR INTEREST, MATURE, BE SUBJECT TO REDEMPTION, WITH OR WITHOUT PREMIUM OF NOT TO EXCEED 3%, AND BE ISSUED, DATED AND SOLD AT SUCH TIME OR TIMES, AT SUCH PRICES (AT, ABOVE OR BELOW PAR) AND IN SUCH MANNER AND CONTAINING SUCH TERMS NOT INCONSISTENT HEREWITH AS THE DISTRICT MAY DETERMINE; AND SHALL AD VALOREM PROPERTY TAXES BE LEVIED IN ANY YEAR AT A MILL LEVY SUFFICIENT IN EACH YEAR TO PAY THE PRINCIPAL OF AND INTEREST ON SUCH DEBT AND ANY REFUNDING DEBT WHEN DUE AND TO FUND A RESERVE FOR THE PAYMENT THEREOF, PROVIDED THAT ANY REVENUE PRODUCED BY THIS MILL LEVY FOR SUCH DEBT SHALL NOT EXCEED $2,980,000 ANNUALLY; AND SHALL SUCH TAX REVENUES AND THE EARNINGS FROM THE INVESTMENT OF SUCH PROCEEDS AND TAX REVENUES BE COLLECTED, RETAINED AND SPENT AS A VOTER APPROVED REVENUE CHANGE UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW?
INVERNESS WATER AND SANITATION DISTRICT BALLOT ISSUE B – DEBT AND TAX INCREASE FOR WASTEWATER IMPROVEMENTS:
SHALL INVERNESS WATER AND SANITATION DISTRICT DEBT BE INCREASED $10 MILLION, WITH A REPAYMENT COST OF UP TO $29.2 MILLION, AND SHALL THE DISTRICT BE AUTHORIZED TO COLLECT TAXES SUFFICIENT TO PAY PRINCIPAL OF AND INTEREST ON SUCH DEBT, BUT NOT EXCEEDING $2,000,000 ANNUALLY, THE PROCEEDS OF SUCH DEBT TO BE USED FOR CAPITAL IMPROVEMENTS OF THE DISTRICT FOR WASTEWATER PURPOSES, INCLUDING:
Paying, reimbursing or financing all or any part of the costs of acquiring, constructing, relocating, installing, completing and otherwise providing, within or without the boundaries of the District, the extension and improvement of the existing sanitary sewage system of the District, including wastewater treatment facilities, lift stations, collection mains, force mains and transmission lines, storm sewer, flood and surface drainage facilities, including detention and retention ponds;
SUCH DEBT TO BE EVIDENCED BY THE ISSUANCE OF GENERAL OBLIGATION BONDS OR OTHER MULTIPLE FISCAL YEAR FINANCIAL OBLIGATIONS, WHICH SHALL BEAR INTEREST, MATURE, BE SUBJECT TO REDEMPTION, WITH OR WITHOUT PREMIUM OF NOT TO EXCEED 3%, AND BE ISSUED, DATED AND SOLD AT SUCH TIME OR TIMES, AT SUCH PRICES (AT, ABOVE OR BELOW PAR) AND IN SUCH MANNER AND CONTAINING SUCH TERMS NOT INCONSISTENT HEREWITH AS THE DISTRICT MAY DETERMINE; AND SHALL AD VALOREM PROPERTY TAXES BE LEVIED IN ANY YEAR AT A MILL LEVY SUFFICIENT IN EACH YEAR TO PAY THE PRINCIPAL OF AND INTEREST ON SUCH DEBT AND ANY REFUNDING DEBT WHEN DUE AND TO FUND A RESERVE FOR THE PAYMENT THEREOF, PROVIDED THAT ANY REVENUE PRODUCED BY THIS MILL LEVY FOR SUCH DEBT SHALL NOT EXCEED $2,000,000 ANNUALLY; AND SHALL SUCH TAX REVENUES AND THE EARNINGS FROM THE INVESTMENT OF SUCH PROCEEDS AND TAX REVENUES BE COLLECTED, RETAINED AND SPENT AS A VOTER APPROVED REVENUE CHANGE UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW?
The designated election official is:
Laurie Tatlock
Inverness Water and Sanitation District
58 Inverness Drive East, Suite 100
Englewood, Colorado 80112
Telephone: (720) 724-8377
IN WITNESS WHEREOF, the Inverness Water and Sanitation District, Arapahoe and Douglas Counties, Colorado, has caused this notice to be given as required by law.
Laurie Tatlock
Designated Election Official
NOTICE OF MEETING
NOTICE IS HEREBY GIVEN that a meeting of the Board of Directors of the INVERNESS WATER AND SANITATION DISTRICT, Arapahoe and Douglas County, Colorado is scheduled for THURSDAY, June 5, 2025 at 3:00 pm at 58 Inverness Drive East, Suite 100, Englewood, CO.
Meetings are scheduled for the first THURSDAY of every even month as listed below. Special meetings will be scheduled on an as needed basis.
February 6
April 3
June 5
August 7
October 2
December 4
Meetings begin at 3:00 pm and are held at the District offices, 58 Inverness Drive East, Suite 100, Englewood, CO 80112 and via Zoom.us
This District offers ACH (Automated Clearing House is an electronic funds-transfer system from your bank). Complete the ACH form and mail it to us. You can also mail us a check or drop off a check during office hours at Inverness Water & Sanitation District; 58 Inverness Drive East, Suite 100 Englewood, Colorado 80112
The EyeOnWater app helps you understand your water consumption data, detect leaks and follow your watering trends. You can view various graphs to show your use and see daily, hourly, even 15-minute data intervals. The best part: it is of no cost to you! Download the free app to your smart phone or desktop today.
WATER METER REPLACEMENT PROGRAM
The District is in the process of replacing or upgrading customers' meters with smart water meters that will provide real time data and allow you to see your water use via the app, EyeOnWater. You can load it to your smart phone or desktop. Use the link above to access the website or view instructions here.
FOR ANSWERS to almost any question you might have about the District, click the button below.
1/5
Email Us Directly: invernesswater@mulhernmre.com
(preferred method so we can better research and answer your question)
Phone: 303-649-9857 * Emergency/Leaks/Outages Phone: 303-231-6269 * Fax: 303-414-0671
58 Inverness Drive EAst, Suite 100, Englewood CO 80112 * Office Open Mon-Fri 8:00 am to 5:00 pm, closed weekends & holidays
FULL SITE MAP BELOW
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.