Financial Documents
Overview
The Lakes at Centerra Metro Districts were organized in 2007 to provide vital services and construct public improvements such as sanitary sewer and water infrastructure, storm drainage, streets, traffic safety, and signalization and park and recreation amenities.
Three different Lakes Districts collaborate closely; revenues and expenses are consolidated under Lakes at Centerra Metro District 1 to create efficiencies. To further pool resources and create efficiencies of scale, the Lakes Metro Districts partners with Centerra Metro Districts to fund and build infrastructure projects. These Districts work in partnership with a private developer, McWhinney, to ensure high-quality housing and commercial development in the area.
The Lakes at Centerra Metropolitan District Financial Documents
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.
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/
2026 Adopted Budgets
District No. 1District No. 2District No. 3A 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.
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/
LCMD1 - 2025 - Budget Amendment Resolution
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.
LCMD No. 1 - 2023 - AuditLCMD No. 2 - 2023 - AuditLCMD No. 3 - 2023 - AuditA 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.