Financial  
     
 

The District Board adopts an annual budget by December 15th of each year for the following calendar year.  At this time, the Board establishes the property tax rate and level of fees and charges, if any, for the property within the District.  The District relies on the County Assessorís Office for certification of assessed values within the District.  The preliminary assessed valuation is received by August 25th of each year, and the final assessed valuation is received by December 10th.  The District Board of Directors establishes the property tax rate based on these values. 

The property tax rate consists of two components: 

            1.  Operations and Maintenance

The operations and maintenance mill levy provides for the on-going operations and maintenance of the District.            

2.  Debt Service 

The debt service levy revenue is dedicated to payment of the principal and interest of the Districtís outstanding bonds, if any. 

An annual audit of the Districtís financial statements must be prepared annually and filed with the Colorado Division of Local Government and bondholders, if any.  In some cases, an exemption from the annual audit requirement may apply.

 
     
 
 
     
  Budgets  
     
       Budget 2020  
     
       Budget 2019  
     
  Audits  
     
       Audit Exemption with Compilation Report 2019-02-18  
     
       Financial Statement for Audit Exemption 2018-12-31  
     
  Resolution  
     
       Regarding the Imposition of Development Fees and Notice of System Access Fees  (Adopted 02-25-2020)  
     
     
     
     
                   
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