C150356 Feasibility Study (financials)

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ROBERTSON & MARCHETTI, P.C. Certified Public Accountants Accountant's Compilation Report January 13,2014 B Dard of Directors Bellyache Ridge Metropolitan District Wolcott,Colorado I have compiled the accompanying balance sheet/state of net position of Bellyache Ridge Metropolitan District as of December 31, 2013 and the related statement of revenues, expenditures and changes in fund balance — historical, budget and forecast — for the twelve month period then ended and the accompanying budget and forecast of revenues, expenditures and changes in fund balance for calendar year 2014, in accordance with standards established by the American Institute of Certified Public Accountants. I have not audited or reviewed the accompanying financial statements and,accordingly,do not express an opinion or provide any assurance about whether the financial statements are in accordance with accounting principles generally accepted in the United States of America. As a consulting financial manager, I participate in the financial management of the District. Management(with my participation)is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America and for designing,implementing, and maintaining internal control relevant to the preparation and fair presentation of the financial statements. I have prepared these financial statements in my capacity as a consulting financial manager for the District. My responsibility includes conducting the compilation in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. The objective of a compilation is to assist management in presenting financial information in the form of financial statements without undertaking to obtain or provide any assurance that there are no material modifications that should be made to the financial statements. Management(with my participation)has elected to omit substantially all the disclosures required by accounting principles generally accepted in the United States of America. If the omitted disclosures were included in the financial statements,they might influence the user's conclusions about the District's financial position and results of operations.Accordingly,the financial statements are not designed for those who are not informed about such matters. A compilation of a forecasted financial statement is limited to presenting in the form of a forecast,information that is the representation of management and does not include evaluation of the support for the assumptions underlying the forecast. I have not examined the accompanying forecast and,accordingly,do not express an opinion or any other form of assurance on the forecasted statement or assumptions. Furthermore,there will usually be differences between the forecasted and actual results,because events and circumstances frequently do not occur as expected and those differences may be material. I have no responsibility to update this report for events or circumstances occurring after the date of this report. The actual historical information for calendar year 2012 is presented for comparative purposes only. Such information is taken from the financial statements for the District which have been audited by Haynie& Company and upon which they expressed an unqualified opinion in their report dated August 28,2013. I .m not independent from an accounting and auditing perspective with respect to Bellyache Ridge Metropolitan D strict because I perform certain accounting services that impair my independence. R S BERTSON&MARCHETTI, P.C. K-nneth J. Marchetti,CPA P esident 28 Second Street, Suite 213, Edwards, CO 81632 Phone(970)926-6060; Fax(970)926-6040