Woodmoor Water and Sanitation District, June 9 – 2024 audit finds “clean” finances

• 2024 finances deemed “clean”
• Saddle replacement contract awarded
• Resident reports billing error
• Operational reports

By James Howald

In June, Uli Keeley of Prospective Business Solutions LLC, the district’s auditor, gave the Woodmoor Water and Sanitation District (WWSD) board the results of her audit of the district’s 2024 finances. The board awarded a contract to replace water service saddles. During public comments, resident Jennifer Davis reported errors in her online bill. The board also heard operational reports. The meeting ended with an executive session.

2024 finances deemed “clean”

Keeley told the board her audit of the district’s finances for 2024 resulted in an unmodified or clean opinion, essentially a diagnosis of good financial health. She said there were no significant findings on processes, policies, internal controls, or financial reporting. She noted some audit adjustments around investments, updates to depreciation and payables that were “nothing out of the ordinary.”

Keeley said the district’s Total Net Position, or equity in its assets, in 2024 was just over $73 million, an increase of about $5 million over 2023. She attributed the increase to the $4.4 million in tap fees the district collected in 2024. The district collected $1.6 million in tap fees in 2023. Water and sewer tap fees are one-time charges that developers pay when they connect to the district’s infrastructure. Overall, the district’s actual revenues were close to budgeted expectations, while expenditures were lower than estimated due to land and easement purchases and construction projects that were postponed.

The district ended 2024 with $25.7 million in cash and cash equivalents, an increase of about $1.2 million over the course of the year.

In terms of debt, Keeley said the district continued to pay down $14.7 million in bonds issued in 2021, which are due in full by 2031. The bonds issued in 2021 refinanced bonds issued in 2011 to purchase the Woodmoor Ranch and its water rights at a lower interest rate. District Manager Jessie Shaffer pointed out that the district’s Net Pledged Revenues were $7.6 million, or almost four times the district’s Annual Debt Service Requirements of $2 million. Shaffer said, “We are smashing debt service coverage.”

Call the WWSD office at 719-488-2525 to request a copy of the audit report.

Saddle replacement contract awarded

District Engineer Cydney Saelens told the board that eight bids had been received to replace 121 water service saddles and associated fittings. (Saddles connect residential service lines to water mains.) Saelens said bids for the project ranged from $1.2 million to $614,000, with Iron Women Construction and Environmental Services LLC submitting the low bid. Saelens said she spoke to two of the organizations Iron Women Construction supplied as references and both had favorable long-standing relationships with the company. She recommended that the contract be awarded to Iron Women Construction, adding 10% for contingencies, for a total of $675,738. The board voted to award the contract as Saelens suggested.

Resident reports billing error

Davis told the board she found errors in her online bill in the form of an additional $10 charge. She said the charge was labeled differently on different bills and she had to call the office to have the charge removed. She noted the charge did not appear on her paper bill but did appear on her Xpress Bill Pay bill. She asked why the staff needed to devote time to correcting billing errors and why the district uses a vendor that can’t permanently fix billing issues.

Shaffer said he was discussing the erroneous charges with Office Manager Cory Lynch and Billing Clerk Brittany Petta and they are considering replacing Xpress Bill Pay with another service provider. Board President Brian Bush recommended that if Xpress Bill Pay does not correct the problem quickly the district should move to another provider.

Operational reports

Operations Superintendent Dan LaFontaine said that two long-term leaks had been located that he believes have contributed to the district’s water loss. The leaks have been repaired and LaFontaine said next month’s water report should show a lower percentage of unaccounted water.

Saelens reported that well 12R drilling was nearing completion, with 1,675 feet completed of the 1,900 feet needed. Once drilling is complete, the casing, screens, and glass beads need to be installed, test pumping needs to be performed, and water quality samples need to be tested.

Saelens also said that the Monument Ridge East residential development, which will be south of County Line Road and east of I-25, had submitted construction documents to WWSD. The development will consist of 340 residences.

LaFontaine said 800 residential water meters remain to be replaced. He asked customers who have not received a new water meter to call the WWSD office at 719-488-2525 to schedule a replacement.

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The next meeting is on July 14 at 1 p.m. Meetings are usually held on the second Monday of each month at 1 p.m. at the district office at 1845 Woodmoor Drive. Please see www.woodmoorwater.com or call 719-488-2525 to verify meeting times and locations.

James Howald can be reached at jameshowald@ocn.me.

Other Woodmoor Water and Sanitation District articles

• Woodmoor Water and Sanitation District, Oct. 13 – Schedule set for 2026 budget (10/30/2025)
• Woodmoor Water and Sanitation District, Sept. 8 – Board plans for Accessory Dwelling Units (10/2/2025)
• Woodmoor Water and Sanitation District, Aug. 11 – Water tank recoat contract awarded (9/4/2025)
• Woodmoor Water and Sanitation District, July 14 – 2025 budget gets midyear tune up (8/1/2025)
• Woodmoor Water and Sanitation District, April 28, May 6 and 12 – Board awards well drilling contract, elects officers (6/7/2025)
• Woodmoor Water and Sanitation District, April 14 – Board moves accounts to Integrity Bank and Trust (5/3/2025)
• Woodmoor Water and Sanitation District, March 10 – Board authorizes easement agreement for Well 12R (4/5/2025)
• Woodmoor Water and Sanitation District, Feb. 10 – Pipeline maintenance contract awarded (3/1/2025)
• Woodmoor Water and Sanitation District, Jan. 13 – Board prepares for election, passes administrative resolution (2/1/2025)
• Woodmoor Water and Sanitation District, Dec. 16 – Board wraps up rate increases and 2025 budget, swaps water discount for land (1/4/2025)