HomeMy WebLinkAbout03/25/2008IAlla-IA
WHEAT RIDGE HOUSING AUTHORITY
AGENDA
March 25, 2008
CITY COUNCIL CHAMBERS
4:00 P.M.
A.
B.
C.
D.
E.
F.
G.
Call Meeting to Order
Roll Call
Approval of the Minutes: February 26, 2008
Officers Reports
Public Forum
New Business
1. Presentation & Acceptance of Audit
2. Discussion about current townhome conversion bid projections
3. Election of Officers
Unfinished Business
1. Architectural Design Review of Special Project
H. Other
L Adjournment
WHEAT RIDGE HOUSING AUTHORITY
MINUTES
February 26, 2008
A. CALL MEETING TO ORDER
The meeting was called to order by Chair Brungardt at 4:00 p.m. in the City
Council Chambers of the Wheat Ridge Municipal Building, 7500 Wadsworth
Boulevard, Wheat Ridge, Colorado.
B.
C.
ROLL CALL
Authority members present:
Others present:
Cheryl Brungardt
Kent Davis
Kathy Nuanes
Lena Rotola
Janice Thompson
D.
E
F
Sally Payne, Executive Director
Ryan Staclielski, Economic Development
Specialist
Henry Wehrdt, Construction Manager
Lany Nelson, Cornerstone Realty
Betty Maybin, Cornerstone Realty
Aaron Ojala, Entasis Group
Tracy Langworthy, City Council
Ann Lazzeri, Secretary
APPROVAL OF MINUTES
It was moved by Lena Rotola and seconded by Janice Thompson to approve
the minutes of January 22, 2008 as presented. The motion passed
unanimously>
OFFICERS REPORTS
There were no officers reports.
PUBLIC FORUM
There was no one present to address the Authority.
UNFINISHED BUSINESS
Housing Authority Minutes - 1- February 26, 2008
• Structural and Environmental Assessment Results of Special Project -
Aaron Ojala of the Entasis Group reviewed results of the structural and
environmental assessment Copies of the report were distributed to Authority
members. Upon inspection, the building is in very good shape and structurally
sound. There are soine loose bricks that need replaced for aesthetic and safety
reasons where an addition had been removed. There is another small place where
a leaking drain pipe caused damage to mortar that will need to be replaced. There
is only 3% asbestos present which is very low and should cost no more than $15-
20,000 for abatement.
In response to a question from Ryan Stachelski, Sally Payne explained that Davis
Bacon (federally mandated wages) regulations do not apply to projects with
eleven or less units.
Mr. Stachelski reported that a memorandum of understanding has been signed by
the school district which would allow the Housing Authority to have preliminary
wark done to detennine the cost of the project without being obligated to
purchase the building. School district representatives have indicated they are
amicable to condemnation if necessary.
There was a consensus to keep the project under 12 units and build a cominunity
room.
Kathy Nuanes requested,that the Housing Authority members and realtors have
the ability to provide input regarding design ideas. Mr. Ojala stated that this
would be very desirable. `A tour by Housing Authority members and Conierstone
Realty could be arranged: -
It was moved by Kathy Nuanes and seconded by Lena Rotola that the
Housing Authority move'into the second piece of Phase I and hire the Entasis
Group to perform architectural design for a fee estimated to be $14,800.00.
The motion passed unanimously.
It was moued by Janice Thompson and seconded by Kathy Nuanes to
conduct a special meeting on March 11 at 4:00 p.m. to tour the Fruitdale site.
The motion passed unanimously.
All parties involved would meet at the site for the tour. The meeting would
conclude at the site. Direction was given to Ryan Stachelski to learn what
security measures are to be taken for the tour since a preschool meets on the
premises.
Larry Nelson suggested that, after the design phase, it might be a good idea for
the Authority to begin talks with bankers about a possible loan.
Housing Authority Minutes - 2- February 26, 2008
• Larry Nelson reported that there have been several showings on the Parfet
property. There is also work beginning on another duplex in the neighborhood.
There is one remaining unit for sale at Park Side. As a result of notices in various
Wheat Ridge publications, there have been several inquiries about the properties
on Allison Court and 41 " Avenue.
Henry Wehrdt distributed copies of invitations to resubmit bids for townhouse
conversions at 3755-3775 Allison Court and 9690 - 9710 West 41st Avenue.
These will be sent out on February 27.
Janice Thompson expressed concern about the unsold units in light of the
condition of the housing market. She suggested the possibility of working with
the school district to have a first right of refusal for work at a later date on the
Fruitdale project.
Larry Nelson commented that they should be able to move the units within six
months if priced realistically.
Cheryl Bnzngardt reported that she attended an affordable housing workshop.
The Housing Authority's products are very competitive with other projects in the
metro area so the time and money investments that have been made are well
worth it.
• Sally Payne reported that the tenant at the Richards Hart Estate is in the process
of moving out. He has not indicated ifhe is interested in help with relocation
costs. The ciYy will then move forward with demolition.
G. NEW BUSINESS
+ Resolution 01-2008, establishing a designated public place for the posting of
meeting notices as required by the Colorado Open Meetings Law
It was moved by Kent Davis and seconded by Lena Rotola to adopt
Resolution No. 01-2008, establishing a designated public place for the
posting of ineeting notices as required by the Colorado Open Meetings
Law. The motion passed unanimously.
H. OTHER
• Because several members will be unable to attend the April 22"d meeting, it
was moved by Lena Rotola and seconded by Janice Thompson that the
April 22°d meeting be rescheduled to April 15`" at 4:00 p.m. The motion
passed unanimously.
Housing Authority Minutes - 3- February 26, 2008
• Cheryl Brungardt announced that Leadership Jefferson County will be
providing all the volunteers and food for the Rebuilding Together project.
1. ADJOURNMENT
It was moved by Kathy Nuanes and seconded by Janice Thompson to
adjourn the meeting at 5:22 p.m. The motion passed unanimously.
Cheryl Brungardt, Chair
Ann Lazzeri, Recording Secretary
Housing Authority Minutes - 4- February 26, 2008
~&C~ Swanhorst & Company LLC _
Ccnificd Pnbltc nccoumams
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February 25, 2008
Ken Johnstone
Wheat Ridge Housing Authority
7500 W. 29t' Avenue
Wheat Ridge, Colorado 80215
Dear Ken:
Enclosed is a draft of the financial statements, trial balances and adjusting entries for the Wheat Ridge Housing
Authority as of and for the year ended December 31, 2007. Please review and let us know of any changes or
comments.
We have also provided the representation letter for your signature. Once you have completed your review of the
financial statements, please sign the letter and fax it to our office at (720) 528-4307, or mail or email if that is easier.
We will issue a final report after receiving your comments.
Please destroy this draft when you receive the final report.
Sincerely,
~~G
Swanhorst & Company LLC
8400 E. Crescent Parkway • Suite 600 • Greenwood Village, CO 80111 •(720) 528-4306 Fax: (720) 528-4307
,
WHEAT RIDGE HOUSING AUTHORITY
FINANCIAL STATEMENTS
December 31, 2007
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TABLE OF CONTENTS
Independent Auditors' Report
B,asic FZn~ncial Statements
Statement of Net Assets
Statement of Revenues, Expenses and Changes in Net Assets
Statement of Cash Flows
Notes to Financiai Statenkents
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Boazd-of Commissioners
Wheat Ridge Housing Authority
Wheat Ridge, Colorado
INDEPENDENT AUDITORS' REPORT
We have audited the acco , -g basic financial statements of the Wheat Ridge Housing Authority as of and for
the yeaz ended Decembet ~L007. These financial statements are the responsibility of the Wheat Ridge Housing
Authority's manageme~t, Ourresponsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in the United States of America.
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.
The Wheat Ridge Housing Authority has;not4pt6sented managemenY s discussion and analysis that the Govemmental
Accounting Standards Board has determined>ts necessary to supplement, although not required to be part of, the basic
financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position
ofthe Wheat Ridge Housing Authority as of December 31, 2007, and the changes in its financial position and its cash
flows for the year then ended in conformity with accounting principles generally accepted in the United States of
America.
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February 8, 2008
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` eA. " BASIC FINANCIAL STATEMENTS
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WHEAT RIDGE HOUSING AUTHORITY
STATEMENT OF NET ASSETS
December 31, 2007
ASSETS
Prepazdrrfa''
Loa~vable
Properiy Held for Resale
TOTAL ASSETS
LIABILITIES
Accounts Payable
Accmed Liabilities
RetainagePayable
r~kM;
TOTAL CURRENT LTA$ILI~~,`
g,
LONG-TERM LIABILITIES ~
Loan Payable
TOTAL LIABILITIES
NET ASSETS
Unreshicted
TOTAL LIABILITIES AND NET ASSETS
t~
2007 _ 2006
$ 454,662 $ 753,367
350 -
8,885 12,169
1,125,600 525,081
$ I;589,497 $ 1,290,617
$ 7,279 $ 41,055
3,036 979
990 3,177
11,305 45,211
123,000 -
134,305 45,211
1,455,192 1,245,406
$ 1,589,497 $ 1,290,617
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The accompanying notes are an integral pazt of the financial statements.
2
WHEAT ffiDGE HOUSING AUTHORITY
STATEMENT OF REVENtIES. EXPENSES
AND CHANGES IN NET ASSETS
Year Ended December 31, 2007
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OPER~~T~G ~:~ENUES
Sales,~f '`~~'shnent Properly
Cost oF`es
Rental
TOTAL OPERATING REVENUES
OPERATING EXPENSES
Closing Costs
General and Adminishative y
Repairs and Maintenance ~ S@
Utilities Homeowners Dues
City Reimbursement
TOTAL OPERATING EXPENSES
OPERATING INCOME (LOSS)
NONOPERATING REVENUES
Interest Income
- INCOME (LOSS) BEFORE CAPITAL CONTRI$~;3~~~5
".'-c r es
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CAPITAL CONTRIBUTIONS Grants
CHANGE IN NET ASSETS
NET ASSETS, Beginning
NET ASSETS, Ending
2007
2006
$ 246,900 $
977,800
(216,280)
(844,629)
8,395
9,000
39,015
142,171
13,916
79,419
11,216
15,392
11,248
7,231
2,886
1,592
3,956
2,989
3,667
4,ll2
46,889
110,735
(7,874)
31,436
30,160
10,907
22,286
42,343
187,500
-
209,786
42,343
1,245,406
1,203,063
$ 1,455,192 $
1,245,406
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The accompanying notes aze an integral part of the financia] statements.
3
WHEAT RIDGE HOUSING AUTHORITY
STATEMENT OF CASH FLOWS
Increase (Decrease) in Cash
Yeaz Ended December 31, 2007
~
2007
2006
CASH F~.'~F.ROM OPERATING ACTIVITIES
Proc6d&tfznm Sales of Invesknent Properiy
$ 246,900 $
977,800
Purc`'ake''and Rehabilitiatiou of Investment Property
(818,986)
(391,472)
Cash Received from Tenants
8,395
9,000
Cash Payments to Vendors and Suppliers
(78,958)
(75,806)
Net Cash Provided (Used) by Operating Activities
(642,649)
519,522
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Loan Repayments from Homeowners
3,284
274
Net Cash Provided by Nonpa,ncing Activities
"
'
3,284
274
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CASH FLOWS FROM CAPI`i'k' AND RELATED FINANCING ACT[VITIES
.
GrantProceeds `
187,500
-
Loan Proceeds
123,000
-
Net Cash Provided by Capital and Related Financing Activities
310,500
-
CASH FLOWS FROM INVESTING ACTIVITIES
Interest Income
30,160
10,907
Net Cash Provided by Investing Activities
'
30,160
10,907
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NET INCREASE (DECREASE) IN CASH
(298,705)
530,703
CASH, Beginning
753,367
222,664
CASH, Ending
$ 454,662 $
753,367
RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH
PROVIDED (USED) BY OPERATING ACTIVITIES
Operating Income (I.oss)
(7,874) $
31,436
Adjustments to Reconcile Operating Income (Loss) [o Net Cash
Provided (Used) by Operating Activities
Changes in Assets and Liabilities Related to Operntions
Prepaid Items
(350)
Property Held for Resale
(600,519)
485,590
Accounts Payable
(33,776)
33,950
Accrued Liabilities
2,057
979
RetainagePayable
(2,187)
(32,433)
Net Cash Provided (Used) by Operating Activities
$ X(642,649) $
519,522
>s
The accompanying notes aze an integral part of the financial statements.
WIIEAT RIDGE AOUSING AUTHORITY
NOTES TO FINANCIAL STATEMENTS
December 31. 2007
NOTE L• SUMMARY OF SIGNIF'ICANT ACCOUNTING POLICIES
The financial statements of the Wheat Ridge Housing Authority (the "Authority") have been
~ ~
F 1 prepazed in conformity with generally accepted accounting principles (GAAP) as applied to
governmental units. The Governmental Accounting Standazds Board (GASB) is the accepted
standard-setting body for establishing governmental accounting and financial reporting principles.
The more significant of the Authority's accounting policies are described below.
RepoMing Entity
In accordance.with governmental accounting standards, the Authority has considered the possibility
of inci uooi~ofadditional entities in its financial statements. The definition of the reporting entity
is b ~r~rmarily on financial accountability. The Authority is financially accountable for
organi~~~ns that make up its legal entity. It is also financially accountable for legally separate
organizations if Authority officials appoint a voting majority of the organization's governing body
and either it is able to impose its will on that organization or there is a potential for benefits to, or
to impose specific financial burdens on the Authority. The Authority may also be financially
accountable for organizations that are fiscally dependent upon it.
Based on the application of this criteria, the Authority does not include additional organizations
within its reporting entity
~
Measurement Focus, Ba~~s"i~Accouuting, and Financial Statement Presentation
The Authority uses an enterprise fund to account for its operations. Enterprise funds are used to
account for operations that are financed and operated in a manner similar to private business
enterprises, where the intent of the governing body is that costs of providing goods or services to the
general public on a continuing basis be financed or recovered primarily through user charges.
The fmancial statements are reported using the economic resources measurement focus and the
accrual basis of accounting. Revenues aze recorded~hen earned and expenses are recorded when
the liability is incuned, regardless of the ti ' related cash flows. Grants and similar items are
recognized as revenue as soon as all eligibili requirements imposed by the provider have been met.
Private-sector standazds of accounting and financial reporting issued prior to December 1, 1989,
generally are followed in the financial statements to the extent that those standuds do not conflict
with or contradict guidance of the Govemmental Accounting Standards Board. Govemments also
have the option of following subsequent private-sector guidance for their enterprise funds, subject
to this same limitation. The Authority has elected not to follow subsequent private-sector guidance.
Enterprise funds distinguish operating revenues and expenses from Aperating items. Operating
revenues and expenses generally result from providing servic~ d producing and delivering goods
in connection with the Authority's principal ongoing operati~ns. Operating expenses include the
cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues
and expenses not meeting this defmition are reported as nonoperating revenues and expenses.
WHEAT RIDGE HOUSING AUTHORITY
NOTES TO FINANCIAL STATEMENTS
December 31, 2007
NOTE 1: SiJMMA12Y OF SIGNIF'ICANT ACCOUNTING POLICIES (Continued)
Measurement Focus, Basis of Accounting, and Financial Statement Presentation (Continued)
V When both restricted and unrestricted resources aze available for use, it is the Authority's practice
to use restricted resources first, then unrestricted resowces as they ue needed.
Property Held For Resale
Properry held for resale includes the acquisition and rehabilitation costs of investment properry, and
is recorded a ,cost.
Risk ~agement
„:..s
The Authority is exposed to various risks of loss related to torts; theft of, damage to, and destruction
of assets; errors and omissions; and natural disasters. The Authority carries commercial insurance
for these risks of loss.
Comparative Data
Comparative data for the prior N~has been presented in the accompanying financial statements in
order to provide an undersfanc~jrig bf changes in the AuthoriTy s financial position and operations.
However, complete compar'a~Mtdata in accordance with generally accepted accounting principles
has not been presented sirice"its inclusion would make the financial statements unduly wmplex and
difficult to read.
NOTE 2: STEWARDSFIIP COMPLIANCE AND ACCOUNTABILITY
Budgetary Information
tk L:'o
Budgets are adopted for the Authority as a ma~g~emeiit control devise, but are not legally required.
Therefore, budgetary information is not p~nted in the financial statements.
NOTE 3: DEVELOPMENT PROJECTS
During 2004, the Authority purchased an eight-unit townhome complex lmown as Parkside. The
Authorily is rehabilitating the units for resale to qualified buyers. The Authority repurchased one
unit in June, 2007 increasing the inventory to three Pazkside units, then.sold two units during 2007.
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During 2006, the Authority purchased a duplex on Parfet Stre~£As of December 31, 2007, the
property, including rehabilitation costs, is held for resale.
WBEAT RIDGE HOUSING AUTHORITY
NOTES TO FINANCIAL STATEMENTS
December 31, 2007
NOTE 3: DEVELOPMENT PROJECTS (Continued)
During 2007, the Authority purchased a properry on Allison Court, and a duplex on 41" Avenue.
The Authority plans to rehabilitate these properties in 2008, for sale to qualified buyers.
NOTE 4: CASH
Deposits
The Colorado„3?ublic Deposit Protection Act (PDPA) requires that all units of local government
deposrt cas- igible public depositories. Eligibility is determined by State regulations. Amounts
s,-s~
on de st~wap-excess of federal insurance levels must be collateralized by eligible collateral as
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determin~d by the PDPA. PDPA allows the Financial institution to create a single collateral pool for
all public funds held. The pool is to be maintained by another institution, or held in trust for all the
uninsured public deposits as a group. The market value of the collateral must be at least equal to
102% of the uninsured deposits. At December 31, 2007, the Authority had bank deposits of
$358,051 collateralized with securities held by the financial institution's agent but not in the
Authority's name.
Investments ~
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The Authority is requi'r`,e omply with State statutes which specify investment instruments
meeting defined rating, turity, custodial and concentration risk criteria in which local
governments may invest, which include:
• Obligations of the United States and certain U.S. Agency securities
• Certain international agency securities
• General obligation and revenue bonds of U.S. local government entities
• Bankers' acceptances of certain banks
• Commercial paper
• Written repurchase agreements collatera~~~y certain authorized securities
• Certain money market funds
• Guazanteed investment contracts
• Local government inveshnent pools
NOTE 5: LOANS RECEIVABLE
During 2002, the Authority approved loans, totaling $13,210, to assist ri~o homeowners with closing
costs related to their condominium purchases. One loan re u~ss.~inonthly payments of $50,
including interest at 3.5% per annum, through September, 2,0`f2: The second loan requires one
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payment of $3,525, including interest at 3.5% per annum. Ttiis loan was paid in full during 2007.
These loans are secured by the condominium units. During 2007, the homeowners made principal
payments totaling $3,284, resulting in a balance of $8,885 at December 31, 2007.
WIIEAT RIDGE HOUSING AUTHORITY
NOTES TO FINANCIAL STATEMENTS
December 31, 2007
NOTE 6: <PROPERTY HELD FOR RESALE
.
"M~livY4."
Following is a suumiary of transa
ctions for the properry held for resale for the yeaz ended December
31, 2007.
Balance
Balance
12/31/06
Additions
Deletions 12/31/07
Acquisition and Rehabilitation
Costs of Invesrinent Property
$ 525.081
$ 816.800
$ 216.413 $ 1.125,600
NOTE 7:
LOAN PAL'ASL,E
-
Balance
Balance
4~ `
12/31/06
Additions
Deletions 12l31/07
Fust Bank
$
$ 123,000
$ $ 123,000
During 2007, the Authority obtained financing of $123,000 from FirstBank for the purchase of the
41 " Avenue properly. Interest payments of 7.5% are due monthly with the entire principal payment
due November 14, 2008.
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NOTE 8: CONII~IITMENTS A~""'1~`~~TINGENCIES
Management Agreement
The Authority has a management agreement with the Jefferson County Housing AuthoriTy (JCHA)
for contracted services. Under the terms of this agreement, the Authority contracts for labor and
expertise in housing authority management, operation and administration, eta The contracted
services haue been classified as functionai expensesin the financial statements for better reporting
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purposes. js
Cooperation Agreement "
The Authority has entered into an agreement with the City of Wheat Ridge for contracted seroices.
Under the terms of this agreement, the City will provide legal, planning, engineering services, etc,
as deemed necessary by the AuthoriTy. Under the terms of this agreement, the City Manager or his
designee will act as the Executive Director of the Authority.
Claims and Judgemeats ~
4
The Authority participates in federal programs that aze fully ~~~artially funded by grants received
from other governmental units. Expenses financed by grants are subj ect to audit by the appropriate
grantor government. If expenses aze disallowed due to noncompliance with grant program
regulations, the Authority may be required to reimburse the grantor govemment. As of December
31, 2007, significant amounts of grant expenses have not been audited but the Authority believes that
subsequent audits will not have a material effect on the overall financial position of the Authority.
WI-IEAT RIDGE HOUSING AUTHORITY
NOTES TO FINANCIAL STATEMENTS
December 31, 2007
NOTE 8: COMIVIITMENT5 AND CONTINGENCIES (Continued)
TaborAmendment
Colorado voters passed an amendment to the State Constitution, Article X, Section 20, which has
several limitations, including revenue raising, spending abilities, and other specific requirements of
state and local govemment. The Amendment is complex and subject to judicial interpretation.
Management believes the Authority is exempt from the provisions of the Amendment.
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February.,-S, -2'Q 08
Boazd of Commissioners
Wheat Ridge Housing Authority
Wheat Ridge, Colorado
We have audited the financial statements of the Wheat Ridge Housing Authority for the year ended December 31,
2007, and have issued our rsport„thereon dated February 8, 2008. Professional standards require that we provide you
with the following infarcnatioii related to our audit.
Our Responsibility under Generally Accepted Auditing Standards
As stated in our engagement letter, our responsibility, as described by professional standards, is to plan and perform
our audit to obtain reasonable, but not absolute, assurance about whether the financial statements are free of material
misstatement and are presented in accordance with generally accepted accounting principles. Because an audit is
designed to provide reasonable, but not absolute, assurance and because we did not perform a detailed examination
of all transactions, there is a risk that material misstatements or noncompliance may exist and not be detected by us.
In addition, an audit is not designed to detgct urimaterial misstatements or violations of laws or regulations that do
not have a direct and material effect on'~nancial statements.
In planning and performing our audit of the financial statements, we considered the Authority's internal control as
a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements,
butnotfor the purpose ofexpressing an opinion on the effectiveness ofthe Authority's internal control. Accordingly,
we do not express an opinion on the effectiveness of the Authority's internal control.
Significant Accounting Policies
Management has the responsibility for selection and use of appt°cap~x,iate accounting policies. In accordance with the
terms of our engagement letter, we will advise management ab~but the appropriateness of accounting policies and their
application. ThesignificantaccountingpoliciesusedbyAuthorityaredescribedinNoteltothefinancialstatements.
We noted no transactions entered into by the Authority during the year that were both significant and unusual, and
of which, under professional standards, we are required to inform you, or transactions for which there is a lack of
authoritative guidance or consensus.
Accounting Esfimates
Accounting estimates aze an integral part of the financial statements prepared bQ,anagement and aze based on
managemenYs current judgements. Certain accounting estimates are pactic""arly sensitive because of their
sigiificance to the financial statements and because of the possibility that futiire events affecting them may differ
significantlyfrommanagemenYscurrentjudgements. We evaluated the key factors and assumptions used to develop
the significant esrimates in determining that they are reasonable in relation to the basic financial statements taken as
a whole.
Significant Audit Adjustments
For purposes of this letter, professional standards define a significant audit adjustment as a proposed conection of
the financial statements that, in our judgment, may not have been detected except through our auditing procedures.
We did not ~aopose adjushnents to the accounting records, but we did propose reclassification adjustments for
fnanci~~s` ~ement reporting purposes only.
Rr~.
Disfi;ments with Management
For purposes of this letter, professional standazds define a disagreement with management as a matter, whether or
not resolved to our satisfaction, conceming a financial accounting, reporting, or auditing matter that could be
significant to the financial statements or the auditors' report. We are pleased to report that no such disagreements
azose during the course of our audit.
Consultations with Other Independent Accountants
Ny~
In some cases, managBm~ent~nay decide to consult with other accountants about auditing and accounting matters,
similar to obtaining a t~s~econd opinion" on certain situations. If a consultation involves the application of an
accounting principle to the Authority's financial statements or a determination of the type of auditors' opinion that
may be expressed on those statements, our professional standards require the consulting accountant to check with
us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations
with other accountants.
Issues Discussed Prior to Retenfion of Independent Auditors
We generally discuss a variety of matters ~n~ ls~ti"~ng`the application of accounting principles and auditing standards,
with management each year prior to retentioa~"s the Authority's auditors. However, these discussions occurred in
the normal course of our professional rela~%p~hip and the responses were not a condition to our retention.
Difficulties Encountered in Performing the Audit
We encountered no significant difficulties in performing our audit.
Conclusion
We would like to thank Patrick Goff and Dick Matthews fo ii~assistance and cooperation during the audit.
This report is intended solely for the informarion and use of the Board of Commissioners and management of the
Wheat Ridge Housing Authority and is not intended to be and should not be used by anyone other than these specified
parties.
Very truly yours,
Swanhorst & Company LLC
40 ~
Wheat Ridge Housing Authority
General Fund
December 31. 2007
ACCT
ACCOi1NT
Client
Adjustments
Audit
Audit
NUMBER DESCRIPTION
REF
12/31/07
DR CR
12/31/07
12131/06
ASSETS
-
'
113
Cash - Operating
C
(219)
(219)
(2,150)
Cash - Condo Assoc.
p
p
Cash - Camation Constr AcC[
0
0
0
120
Cash - Safekeeping Acct
C
454,881
454,881
755,517
273,271
Loans Receivable
1-D.1
8,885
8,885
12,169
Prepaid Items
350
350
0
Account Receivable - granu
0
0
0
151
Prop Held for Resale - Everett
J
I]],380
111,380
222,760
152
Prop Held for Resale - Allison
J
388,545
388,545
0
153
Prop Held for Resale - Parfet
J
374,343
374,343
302,321
153
Prop Held for Resale - 41st
J
251,332
251,332
0
accumulated depreciation
0
p
p
TOTAL ASSETS
1,589,497
'
0 0
-
1,589,497
1,290,617
LIABILITIES
300
A/P
M
7,279
7,279
41,055
315
RetainagePayable
M-1
990
990
3,177
310
RE taxes payable
M-5
3,036
3,036
979
Home Owners Dues Escrow
0
0
0
360
ienant deposits
0
0
0
Accmed Interest
0
0
0
note payable - construction
0
0
0
mortgage payable - long term
L
123,000
123,000
0
TOTAL LIABIC,ITIES
134,305
'
-
0 0
-
-
134,305
45,211
465
NET ASSETS, Beginning
SALY
-
1,245,406
-
"
1,245,406
1,203,063
INCOME (LOSS)
-
209,786
(308,801) (741,361)
209,786
42,343
NETASSETS,Ending
-
1,455,192
-
(308,801) (741,361)
-
1,455,192
1,245,406
TOTAL LIAB AND NET ASSETS
1,589,497
-
-
(308,801) (741,361)
1,589,497
1,290,617
0
0
0
INCOME
Intergovernmental
0
0
0
530
Rentallncome
U
8,395
8,395
9,000
500
Proceeds-Sale of Units
U4
246,900
246,900
977,800
535
InterestIncome
C
30,160
30,160
I0,907
Other
0
p
p
564
Grant Income - CDBG/HOME
U3
187,500
187,500
0
Gain on Sa(e of Condo Units
B
-
0
216,280
(216,280)
(844,629)
TOTAL INCOME
472,955
-
216,280 0
256,675
153,078
Whezt Ridge Housing Authority
General Fund
December 31, 2007
i
ACCT ACCOUNT
NUMBER DESCRIPTION
EXPENSES
General
551 Beginning Cost of Units Sold
599 Ending Costs of Onits Sold- C
555 Property Acquisition
573-580 Property Rehab
562 Acquisition cost - title fees
563 Architecture
565 Condo map
567 Const Period Maintenance
568 Cosntruction Managemen[
570 Garages
571 Homeowners Association
581 Supplies/Materials
Loss on Sale of Condo Units
Subtotal
700 Selling costBuyers Incentives
Zoning
Commissions
Subtotal
G/A 720 Homeowners Assoc Capital
G/A 750 Accounting & Legal
G/A 754 Appraisal Fees
G/A 762 Bank Chazges
G/A 775 Conference and meeting
G/A 777 Conhact Services
G/A 787 Dues, Books, Subs
G/A 825 Office Supplies
G/A 832 Postage G/A Other
Subtotal
Housing
802 Gardening & Maintenance
804 Homeowners Assoc. Dues
807 Insurance
843 Repaire
857 RE Taxes
865 Trash removal
G/A 872 Utilities
G/A 771 City Reimbursement
Subtotal
Capital Outlay
Debt Service
Principal
Interest
Client Adjustments Audit Audit
REF 12/31/07 DR CR 12/31/07 12/31/06
J
J
J
V I01
V-1
U4
M
525,081
(1,125,600)
735,900
61,967
7,011
0
3,682
185
5,145
0
2,750
292
0
216,413
4,223
0
9,693
]3,916
(175)
6,700
0
1,165
75
0
60
0
51
250
8,126
0
2,183
3,956
1,732
8,932
173
0
2,856
3,667
23529
525,081
525,081 216,280
525,081 741,361
0 0
0
0
(816,799)
(359,039)
735,900
237,000
61,967
93,433
7,011
172
0
0
3,682
6,551
185
1,291
5,145
17,636
0
0
2,750
2,025
292
932
0
0
133
I
4,223 79,419
0 0
9,693 0
13,916 79,419
(175)
6,700 7,075
0 0
1,165 410
75 143
0 1,600
60 60
0 46
Sl 33
250 69
8,126 9,436
0 0
2,183 2,595
3,956 2,989
1,732 5,956
8,932 4,635
173 0
0 270
2,886 1,322
3,667 4,112
23529 21879
0
L
0
0
1,185
0 0
0 0
0 0
0 0
0 0
0 0
1,185 0
TOTALEXPENSES
263,169
525,081
741,361
46,889
110,735
NETINWME
209,786
(308,801)
(741,361)
209,786
42,343
Wheat Ridge Housing Authority
General Fund
December 31, 2007
ACCT
ACCOONT
Client
Adjustments
Audit
NUMBER DESCRIPTION
REF
12/31/07
DR CR
12/31/07
ASSETS
-
113
Cash - Operating
C
(219)
(219)
Cash - Condo Assoc.
p
Cash - Camation Consh Acct
0
p
120
Cash - SafekeepingAcct
C
454,881
454,881
273,271
Loans Receivable
1-D.1
8,885
8,885
Prepaid Items
350
350
Account Receivable - grants
0
p
151
Prop Held for Resale - Everett
J
111,380
111,380
152
Pmp Held for Resale - Allison
J
388,545
388,545
153
Pmp Held for Resale - Pazfet
J
374,343
374,343
153
Prop Held for 2esale - 41st
J
251,332
251,332
accumulated depreciation
p
p
TOTAL ASSETS
1,589,497
-
0 0
1,589,497
LIABILITIES
300
A/P
M
7,279
7,279
315
Retainage Payable
M-1
990
990
310
RE taxes payable
M-5
3,036
3,036
Home Oumers Dues Escrow
0
p
360
Tenant deposits
0
0
Aocmed Interest
0
0
note payable - construction
0
0
mortgage payable - long tertn
L
123,000
"
123,000
TOTAL LIABILITIES
134,305
-
0 0
134,305
465
NET ASSETS, Beginning
SALY
1,245,406
-
1;245,406
INCOME (LOSS)
209,786
(308,801) (741,361)
209,786
NETASSETS,Ending
1,455,192
-
(308,801) (741,361)
1,455,192
TOTAL LIAB AND NET ASSETS
1,589,497
-
(308,801) (741,361)
1,589,497
0
0
INCOME
Intergovemmental
p
p
530
AentalIncome
U
8,395
8,395
500
Proceeds-Sale of Units
U4
246,900
246,900
535
InterestIncome
C
30,160
30,760
Other
0
0
564
Grant Income - CDBG/HOME
U3
187,500
187,500
Gain on Sale of Condo Units
B
-
0
- 216,280
(216,280)
TOTAL INCOME
472,955
°
216,280 0
256,675
Whea[ Ridge Housing Authority
General Fund
December 31, 2007
ACCT ACCOt1NT
Client
Adjustments
Audit
NUMBER DESCRIPTION
REF
12/31/07
DR CR
12/31/07
EXPENSES
General
551 Beginning Cost of Units Sold
J
525,081
525,081
- 0
599 Ending Costs of Units Sold- C
J
(1,125,600)
525,081 216,280
(816,799)
555 Property Acquisition
J
735,900
735,900
573-580 Property2ehab
V101
61,967
61,967
562 Acquisition cost - title fees
7,011
7,011
563 Architecmre
0
0
565 Condo map
3,682
3,682
567 Const Period Maintenance
185
185
568 CosntructionManagement
V-1
5,145
5,145
570 Garages
0
0
571 Homeowners Association
2,750
2,750
581 Supplies/Materials
292
292
Loss on Sale of Condo Units
0
0
Subtotal
216,413
525,081 741,361
133
700 Selling costBuyers Incentives
4,223
4,223
Zoning
0
0
Commissions
U4
9,693
9,693
Subrotal
13,916
0 0
13,916
G/A 720 Homeowners Assoc Capital
(175)
(175)
G/A 750 Accounting & Legal
6,700
6,700
G/A 754 Appraisal Fees
0
0
, G/A762 BankCharges
1,165
1,165
G/A 775 Conference and meeting
75
75
G/A 777 Contract Services
0
0
G/A 787 Dues, Books, Subs
60
60
G/A 825 Office Supplies
0
0
G/A 832 Postage
51
51
G/A Other
250
250
Subtotal
8,126
0 0
8,126
Housing
0
0
802 Gardening&Maintenance
2,183
2,183
804 Homeowners Assoc. Dues
3,956
3,956
807 Insurance
1,732
1,732
843 Repairs
8,932
8,932
857 RE Taxes
173
173
865 Trash removal
0
0
G/A 872 Utilities
2,886
2,886
G/A 771 CiTy Reimbursement
M
3,667
3,667
Subtotal
23529
0 0
23529
Capital Outlay
0
0
0
Debt Service
0
0
Principal
0
0
Interest
L
1,185
1,185
TOTALEXPENSES
'
263,169
525,081 741,361
46,889
NETINCOME
209,786
(308,801) (741,361)
209,786
Wheat Ridge Housing Authority
Audit Adjustments
December 31, 2007
Ref
Account # Description DR
CR
(I)
J
J
Gain on Sale of Condo Units 216,280.00
599 Ending Cost of Units Sold
216,280.00
For reporting purposes only to Reclass
COGS to income.
J
J
599 Ending Costs of Units Sold 525,081.00
551 Beginning Cost of Units Sold
525,081.00
To adjust Beginning COGS for reporting purposes only
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ABOUTTHE CONFERENCE
Colorado NAHRO is happy to present the 2008 Annual Management
Conference, Greener Pastures for Housing & Community
Development, at the Rocky Mountain Park Holiday Inn and
Conference Center in spedawlar Estes Park. This year's event takes
place Wednesday, May iq, through Friday, May 16.
Spiraling energy prices and climate change are two factors that
will impact our programs in the zist century. This year's confer-
ence takes a look at a variety of green issues and weaves them
into many of the workshops and general sessions.
An exceptional program has been organized to expand your knowl-
edge and skills. Fxecutive directors, commissioners, management
staff and line staff will all benefit from some po sessions in the areas
of Public Housing, Section 8, Project Based Section 8. Community
Revitalization and Development, Commissioners, Rehab, Resident
Services and Professional Development.
GENERAL SESSIONS & FEATURED SPEAKERS
Opening Session/ Karen Susman- Networking Skills:
How To Build Relationships for Fun and Profit
Wednesday, May aq, 9:00 - 30:30
Leam the benefits of networking in this practical, interactive and
life building presentation that promises to enhance your confer-
ence experience. You are guaranteed to know more people and
more people better than before you attended this fun-filled, on
your feet program.
luncheon Speaker/ Governor's Energy Office:
Vision, Role & Resources, Wednesday, May iq at iz:iSPm
Learn about the exciting programs initiated by Governor Ritter to
address the challenges of climate change and put Colorado on the
leading edge of progressive energy policy in the nation.
Breakfast Speakers/ Colorado State Legislative Update
Thursday, May 15 at S:ooam
Representatives from the Housing Colorado Legislative Network
wiil provide an update of current and future activities and initia-
tives related to housing in the State of Colorado.
General5ession/ National Outlook on Housing
Thursday, May 15 at 9:ooam
loin us for a lively discussion on key legislative issues facing our
industry with national representatives from HUD and national
NAHRO. Invited panelists incfude John K. Carson, HUD Regional
Director, and Renee Rooker, NAHRO President.
Awards Luncheon/ Tharsday, May 15 at iz:aSPm
Presentation of the zooS Colorado NAHRO Awards of Excellence
and the Colorado NAHRO Service Awards. Please see the nomina-
tion form insert for complete details.
Closing5ession/ HUD Public Housingand Section 8 Update
friday, May 16 at 9:ooam
HUD stafF will discuss the latest and most current regulations and
changes affecting the Public Housing and Section 8 programs and
offer insights and knowledge on upcoming changes in the pipeline.
NETWORKING & SPECIAL EVENTS
Early Bird Registration/ Tuesday, May 13, 3:00 pm - 5:00 pm
Pre- Assembly Area of the Estes Park Conference Center
Avoid the rush by registering Tuesday afternoon in the Pre-Assembly
area outside the meeting rooms at the Estes Park Conference Center.
You may also register on Wednesday morning.
Tour of Estes Park Housing Authority Devetopments
Tuesday, May 13, 3:30 Pm - 5:30 Pm
The Estes Park Housing Authority will host a tour of some of its
innovative properties induding a tax credit complex, a mixed income
wndominium project and a senior low income rental development,
Meet at the registration desk in the conference center lobby. Pre-reg-
istration is required for the tour (see registration insert).
Social Gathering at the Historic Stanley Hotel
Tuesday, May 13, 5:30 pm - 8:oopm
Cascades Bar and Restaurent (
Please join us Tuesday evening for an informal gathering at tlic
Cascades Bar and Restaurant in the hisroric Stanley Hotel.
Participants of both the maintenance and management confer-
ences are invited to attend. Reconnect with old friends and meet
some new colleagues. The Stanley is located a few blocks from
the Rocky Mountain Park Holiday Inn at 333 Wonderview Ave
(800-976-1377). No reservations required.
CHFA Sponsor Reception/ Wednesday, May 34, 5:i5pm - S:oopm
Pre-Assembty Area otthe Estes Park Conference Center
Learn about the products and services that support our industry.
Visit each exhibitor and you'll qualiy for special prizes to be raf-
fled off at the event. Food, drinks and entertainment will be pro-
vided compliments. of our friends at the Colorado Housing and
Finance Authority (CHFA).
Banquet/ Thursday, May 15, 6:oopm - io:aopm
Mary's Lake Lodge
Enjoy some prime dining and entertainment at this classic
Colorado Mountain Lodge with breathtaking views of the conti-
nentaf divide.
PROPOSED SESSIONS
PUBLIC HOUSING AND COMMISSIONERS
Asset Management Update - Regional and national speakers
have been invited to provide an Asset Management Update of
best practices, new regulations, program policies, guidelines.-
financial reporting or other modifications.
The Greener Side of Maintenance and Management under
Asset Management - A panel of maintenance and project man-
agers will come together to show how they have overcome the
asset management hurdle and how the other side is becoming
greener.
Energy Conservation Efforts in Public Housing/Affordable
Housing: How to Market Conversation to Ctients of PHA's- Cen
"green" money really help Asset Management and how? - Panel of
Housing Authorities/providers share their experience/models
where they have used "green" funding to modernize and imple-
ment energy conservation of their public housing or affordable
housing inventory.
Clearing the Air. Smoke-Free Housing - Tobacco smoke intru-
sion in multi-unit dwellings is a serious health problem and a
source of tenant complaints especialfy for low income and dis-
parate populations in public housing. Learn about the steps more
than 6o public housing authorities have taken to implement no-
smoking policies.
Preservation of Affordable Housing through Successful
Partnership Efforts- A panel of housing authorities, non-profits,
financial institutions, historic preservationists share their experi-.
ence in preservation of affordable housing.
Public Housing Supervision: The Legal Angle - Public housing
human resource staff, agency counsel, and legal advisors provide
this session on the effective supervision of staff and labor laws '
from the legal angle.
Public Housing Regulations and How They Differ from
Vouchers-A panel will discuss regulations on how to cakulate
and manage eamed income disregard, rents, Flat rents, and how
to transmit all of the information error free.
COLORADO NAHRO 2008 CONFERENCE PROGRAM TABLE
SECTION 8
Terminations and Hearings - Do you always wonder about the
role of the hearing officer? Whai are the best practices to utilize
forterminations and hearings?
Calculations- National trainer "Nan-McKay" will present impor-
tant information on student rulings, assets, medical, homeown-
ership calculation, and more in this two-part, three-hour session.
PIC Tricks - Get and overview of the PIC system and leam the
tricks to keep scoring above 95 percent. Learn the steps hous-
ing authorities need to take to correct any deficiencies in scor-
ing. Current changes that have come out in the PIC system will
be examined so you can have the latest information!
"'tien Housing Meets Social Services - How to cross the
l ge to make the right referrals. Who to call? A panel of
experts will teach us how to cross that bridge.
PROjECT-BASED SECTION 8
Section 8Tenant5election Requirements-This workshop will
identify and deal with the requirements for a written tenant
selection plan from taking applications, qualification standards,
wait list maintenance, and more.
Preparing for MOR and the Most Common Findings -Learn
what the most common findings are for Management and
Occupancy Reviews. Arm yourself with the tools you need to
receive a favorable score on your next CHFA site visit.
Basic Fair Housing- It's not an option! It's the law! This basic
class will give a general overview of Fair Housing and will iden-
tify the protected classes. You will learn how to avoid a time con-
suming, exasperating, and expensive discrimination complaint.
Special Claims- Fnd out what forms are necessary to file special
daims so that you submit successfully the first time. Class regis-
trants wilf receive CHFA approved checklists to ensure payment for
your eligible vacant units and damages and unpaid rents.
TRACS: Submitting Error Free Vouchers - Get educated on
how to reduce your TRACS errors by understanding what the
errors mean, how to prioritize them and how to best respond to
errors to find resolution.
Change 2- Attendees wiU receive a comprehensive list of all
changes to the HUD Handbook 4350•3 Rev.i Change z released
in 2007. The instructor will highlight the most significant changes
affecting your property.
RESIDENT SERVICES
VicariousTrauma -An interactive session that wili educate par-
ticipants about secondary trauma and how to better cope with
and manage the emotional stresses of their work.
6angs- Learn what "tagging" means and the difference between
graffiti and tagging. What colors indicate gang presence and what
do we do once we see gang activity in housing authority units.
COMMUNITY REVITALIZATION AND DEVELOPMENT
Latest Interpretations on Davis-Bacon Wage Requirements -
Will your project trigger Davis-Bacon requirements "in part or in
whole"? Learn about prevailing wage requirements in HUD-assist-
ed housing and community development programs.
Energy Sustainability - Learn how to incorporate "green building"
standards into your community projects. This session will cover
green building considerations and rating systems such as Leadership
Energy and Environmental Design (LEED) and Energy Star.
Subsidy Layering of Housing Devetopment (Intermediate
Level) - Where do your CDBG or HOME dollars fit into making a
major housing development possible? Find out about Low Income
Housing Tax Credits (LIHTC), Private Activity Bonds (PAB), and
make sure you are not "over-subsidizing" a project.
Community Development Roundtable - An informal discussion
that may include: HUD's CPD update, virtual tours of selected
CDBG and HOME projects, and other topics to be determined by
CDBG users.
Housing Needs Assessments, Analysis of Impediments and
the Consolidated Plan - An overview of the analyses needed for
federally-funded projects, such as the Housing Needs Assessment
(HNA) and the Analysis of Impediments for Fair Housing (AI).
Public Participation - What Works? What Doesn't Work?
Public participation, a requirement for your Consolidated Plan,
provides an opportunity for understanding the needs in your com-
munity and gaining support for your projects. Save staff time and
learn about other jurisdictions' experiences - what has worked and
what has not
REHAB
Green Building in Rehab & Public Housing - Going beyond CFLs.
How are current program practices helping or hurting the environ-
ment? Discussion around new technology, products and methods
we can utilize to build "greed" in rehab.
Beyond Rehab - Resolving the conflicts between homeowner's
needs and wishes and Rehab program limitations. What do we
do if a house requires more rehabilitation than we can provide
through our program?
Rehab User's Generel5ession - Round-table discussion for area
Rehab programs. Reviving the quarterly user's meetings and what
topics we'd like to focus on.
Reverse Mortgages - What are Reverse Mortgages and how do
they reflect on our ability to provide rehab loans? Speaker poni
Dolfinge, Reverse Mortgage Specialist with Universal Lending
Corporation will be addressing our questions and concerns.
foredosure Law For Lenders - What are our rights as Ienders
when a rehabbed house goes into foretlosure? A representative
from the Larimer County Public Trustee office will provide us with
valuable information about the entire foredosure process
PROFESSIONAL DEVELOPMENT
Life Balance: How To Wear Many Hats and Keep Your Head on
Straight- Life Balance is a big concern for men as well as women.
Learn to make important life choices. Learn to base your actions
on these choices. Use this time to step back, prioritize your !it'
and take steps to feeling more im mntroL
How to De-Stress the Housing Specialist - When you're feeling
the stress take over, here's some tips from Dr. Elva Edwards, DC,
Holistic Healer, on how to take the stress away while sitting at
your desk.
Is it Time to Start Running Your Housing Authority as a
Business? This session will be good for executive directors as well
as site managers, maintenance supervisors, and front line staff.
Learn why it is important to follow a business model when devel-
oping new projecis as well as critical operating procedures.
NAHROAdvotacyTraining-7his program teaches participants to
be aware of legal issues in advocacy; understand how Congress
works and the role of your legislators; craft a message that res-
onates with Congress; and work with public relations and the
media.
How to Motivate Old and New Employees - Leam how you can
talk to employees when they are not performing and inspire them
to change? Find out how to manage multiple groups at one time.
Supervision skills as well as how to deal with constant changes
in the workplace will be examined.
REGISTRATION
Register on-line at www.conahro.org or use the enclosed
registration form!
Fridav April ii is the earlv reeistration deadline. All registrationt
after that date will be processed at the late registration rate. We
are offering a single day only rate (Wednesday or Thursday) and
a one-day rate including banquet. We are also continuing to offer
the special rate for commissioners. Please see the re¢istration
insert form for details. One registration form should be filled out
per attendee. You mav also reeister as well as obtain materials
and complete conference information on the Colorado NAHRO
website- www.conahro.org.
HOTEL & CONFERENCE CENTER
The Rocky Mountain Park Holiday Inn / Estes Park Conference
Center is the site for all sessions, breakfasts, lunches, and the
sponsor reception. The meeting rooms are conveniently located
off the hotel's main lobby. The hotel rooms have recently been
remodeled and indude first-rate amenities. The hotel offers a full
service bar and restaurant, a heated pool, whirlpool, and a fit-
ness center.
Hotel rooms are available for $85.00 single or double occupan-
cy. For reservations and room information, call 970-586-2332
or 800-803-7837•
Ptease identify yourself as part of the NAHRO group to get
specia( room rate. The room block release deadline is April iz
so make your room reservations before then!
LOCATION
The Rocky Mountain Park Holiday Inn and Conference Center is locat-
ed at ioi South St. Vrain at the junction of Highway 36 and Highway,
7 in Estes Park. From Lyons take Highway 36 into Estes Park. The
Conference Center and Hotel are on the left as you enter town.
QUESTIONS? Catt 3o3-447-o690 or email- MartensB@aoLcom or
''t the Colorado NAHRO web site at www.conahro.org.
, 0 VI51
PRIMED ON RECYQEO PAPER
Colorado NAHRO 2008 Annual Conference
Registration
Rocky Mountain Park Holidaylnn/Estes Park Conference Center
Nama
Fax
F-mail
~SE CHECK ALL THAT APPLY
Colarado NAHRO Management Conference, May i4-16, 2008
~ Full Registration CoNAHRO Member 6efore April ii @$zz5
❑ Putl Registration Nommember before April ii @$z5o =
Q Putl Registration Member aker April ii @$250
❑ FuU Registration Non-member after April ii
❑ One Day rate ❑ Wednesday 5/14 ❑ Thursday 5115
❑ One Day w/ Banquet
❑ Banquet Only
~ Commissioner Full Registration
~ Spouse/Guest Lunch Only Wednesday 5/14
❑ Spouse/Guest Wnch Only Thorsday 5/15
Q $275
=
@ $125
=
* $160
@$40=
@ $ioo =
QSzS=
@$z5=
Colorado NAHRO Maintenance Conference, May 12-13, 2oo8
❑ One Day Rate Monday 5/12 before April u
@$ 60 =
❑ One Day Rate Monday SJiz after April ii
@ $ 75 =
❑ One Day Rate Tuesday 5/13 before April u
@$ 60 =
❑ One Day Rate Tuesday 5/13 after April ii
@$ 75 =
Special Events/Services
❑ Estes Park Housing Tour - Tuesday, May 13. 3:3opm - 5:30pm.
Meet in conference center lobby.
❑ I need special services & have included a written TOTAL
iescription of my needs. (i.e. veggie meals, etc.)
Fult Registration for Management Conference Indudes: all
sessions, all breakfasts, two lunches, receptions and ban-
quet. Cancellations for Managemen[ Conference: received
by Colorado NAHRO on or before April 29, 2oo8 receive a
.full refund less a$35 processing fee. Cancellations
received on or before May 6, 2oo8 receive a 5o°/o refund
less a$35 processing fee. No refunds for cancellations
made aker May 6, 2008.
Maintenance Conference Registration Includes: all sessions,
breakfast and lunch for the day of your registration. All the
workshops offered on Monday, May 12 will be repeaTed on
Tuesday, May 13. You can either register for one or both
days depending on how many workshops you want to
attend. To attend all the workshops you will need to do two
one-day registrations.
Cancellations for Maintenance Conference: received by
Colorado NAHRO on or before April 28, 2oo8 receive a full
refund less a$zo processing fee. Cancellations received
on or 6efore May 5, 20o8 receive a 50% refund less a$zo
processing fee. No refunds for wncellations made after
MaY 5, 2008.
Hotel Reservation Block Release Deadline is April ia
for the Management Conference and the Maintenance
Conference. Call 970-586-2332 or 800-803-7837 and
mention NAHRO for special room rate.
May 14-16, 2008 - Management Conference, May 12-13, 2oo8 - Maintenance Conference