RES_02-26_Sundance_CFD_-_FY_2027_Final_Budget__v2__5.17 w Exhibit.pdf
City of Buckeye — Joint Community Facilities Districts (2026-06-02)
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RESOLUTION NO. 02-26 (Sundance)
RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUNDANCE
COMMUNITY FACILITIES DISTRICT (CITY OF BUCKEYE, ARIZONA)
APPROVING THE FINAL BUDGET OF THE DISTRICT FOR FISCAL YEAR
2027, BEGINNING JULY 1, 2026, AND ENDING JUNE 30, 2027.
WHEREAS, on May 19, 2026, the Board of Directors (the “District Board”) of the
Sundance Community Facilities District (City of Buckeye, Arizona) (the “District”) met and
adopted the fiscal year 2027 proposed budget for the District; and
WHEREAS, the District Board intends to adopt the fiscal year 2027 Final Budget for the
District (the “District Budget”); and
WHEREAS, in the District Budget, the District Board has filed with the District Clerk the
annual statements of the costs and expenditures of the District, including the amount of taxes to
be raised to pay expenses of the District; and
WHEREAS, the District published, as required by law, a notice that the District Board
would meet on June 2, 2026, for the purposes of conducting a hearing on (i) the District Budget
attached hereto as Exhibit A and incorporated by reference herein, and (ii) the tax levy; and
WHEREAS, in accordance with Title 48, Section 716, Arizona Revised Statutes, and
following public notice, the District Board met and held a public hearing on June 2, 2026, at
which meeting any taxpayer was permitted to appear and be heard in favor of or against any of
the proposed expenditures or tax levies.
BE IT RESOLVED by the Board of Directors of the Sundance Community Facilities
District (City of Buckeye, Arizona) as follows:
Section 1.
Budget Adopted. The District Budget in the amount of $2,714,600 is
hereby adopted as the budget of the District for the fiscal year 2027.
Section 2.
Conflicting Resolutions Repealed. All resolutions and parts of resolutions
in conflict are hereby repealed.
PASSED AND ADOPTED by the Board of Directors of the Sundance Community
Facilities District (City of Buckeye, Arizona), this 2nd day of June, 2026.
___________________________________
Eric W. Orsborn, District Chairman
ATTEST:
_______________________________
Lucinda J. Aja, District Clerk
APPROVED AS TO FORM:
_______________________________
Tosca Henry, District Attorney
Attachment
Exhibit A: Fiscal Year 2027 Final Budget
8054619.2
8054619.2
EXHIBIT A
Fiscal Year 2027 Final Budget
(consisting of 1 page)
EXHIBIT A - BUDGET
Buckeye, Arizona
FY 2027
Actual
Budget
FY 2025
Adopted
Projected
FY 2027
Revenues:
Property Taxes
$2,079,239
1,954,000
$1,924,900
1,985,700
Special assessments
(1,753)
-
-
-
Charges for services
3,389
12,000
-
2,000
Investment Income
144,007
-
-
8,500
Total revenues
2,224,882
1,966,000
1,924,900
1,996,200
Expenditures:
Administrative Fees
38,322
30,600
30,000
30,000
Operations and Maintenance
350,000
708,100
365,000
669,500
Debt services:
Principal retirement
980,000
1,025,000
1,025,000
1,080,000
Interest and other fiscal charges
742,150
697,400
696,900
648,900
Contingency
-
473,600
-
286,200
Total expenditures
2,110,472
2,934,700
2,116,900
2,714,600
Excess (deficiency) of revenues over
(under) expenditures
114,410
(968,700)
(192,000)
(718,400)
Other financing sources (uses):
Transfer from other funds
32,801
-
-
-
Transfers to other funds
(32,801)
-
-
-
Total other financing sources (uses)
-
-
-
-
Net Change in fund balances
114,410
(968,700)
(192,000)
(718,400)
Fund balances - beginning
795,975
968,700
910,400
718,400
Fund balances - ending
$910,385
-
$718,400
-
Total Full Cash Value Net Assessed
222,727,349
205,629,979
205,230,264
213,055,944
Total Limited Property Valuation Net Assesse
96,513,689
101,390,382
101,481,557
106,279,407
Tax Rate - Debt Service
1.8906
$
1.6272
$
1.6257
$
1.5684
$
Tax Rate - O&M
0.3000
$
0.3000
$
0.3000
$
0.3000
$
FY 2026 Budget
Sundance Community Facilities District