RES_02-26_Tartesso_West_CFD_-_FY_2027_Final_Budget__v2__5.17 w Exhibit.pdf

RESOLUTION NO. 02-26 (Tartesso West) 
RESOLUTION OF THE BOARD OF DIRECTORS OF THE TARTESSO WEST 
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 
Tartesso West Community Facilities District (City of Buckeye, Arizona) (the “District”) met and 
adopted the FY 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 Tartesso West Community Facilities 
District (City of Buckeye, Arizona) as follows: 
Section 1.  
Budget Adopted.  The District Budget in the amount of $5,806,200 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Conflicting Resolutions Repealed.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in conflict are hereby repealed.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 Tartesso West 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 
8054620.2

8054620.2
EXHIBIT A 
Fiscal Year 2027 Final Budget 
(consisting of 1 page)

EXHIBIT A - BUDGET
Tartesso West Community Facilities District
Buckeye, Arizona
FY 2027
Actual
Budget
FY 2025
Adopted
Projected
FY 2027
Revenues:
Property Taxes
$1,795,469
$1,814,700
$1,812,800
$1,966,200
Developer Contribution
225,960
             
- 
- 
200,000
          
Total revenues
2,021,429
         
1,814,700
         
$1,812,800
2,166,200
       
Expenditures:
Administrative Fees
40,434
               
47,900
               
47,900
               
47,900
             
Operations and Maintenance
3,027
 
200,200
             
104,900
             
201,400
          
Debt services:
- 
- 
Principal retirement
760,000
             
705,000
             
705,000
             
770,000
          
Interest and other fiscal charges
882,623
             
937,400
             
937,400
             
1,016,700
       
Bond issuance costs
237,273
             
- 
- 
200,000
          
Developer Reimbursement
6,631,143
          
- 
- 
3,100,000
       
Contingency
- 
361,500
 
- 
470,200
 
Total expenditures
8,554,500
         
2,252,000
         
1,795,200
         
5,806,200
       
Excess (deficiency) of revenues over
(under) expenditures
(6,533,071)
        
(437,300)
           
17,600
               
(3,640,000)
     
Other financing sources (uses):
Bonds issued
6,580,000
          
- 
- 
3,100,000
       
Premiums issued
81,912
               
- 
- 
- 
Transfer from other funds
(6,631,143)
        
- 
- 
- 
Transfers to other funds
6,631,143
          
- 
- 
- 
Total other financing sources (uses)
6,661,912
         
- 
- 
3,100,000
       
Net Change in fund balances
128,841
             
(437,300)
           
17,600
               
(540,000)
         
Fund balances - beginning
393,518
             
437,300
             
522,400
             
540,000
          
Fund balances - ending
$522,359
$0
$540,000
$0
Total Full Cash Value Net Assessed
126,092,683
     
115,997,523
     
115,826,119
     
115,333,729
 
Total Limited Property Valuation Net Assessed
54,790,386
       
57,433,435
       
57,357,342
       
59,842,294
     
Tax Rate - Debt Service 
3.0041
$             
2.8597
$             
2.8635
$             
2.9857
$          
Tax Rate - O&M
0.3000
$             
0.3000
$             
0.3000
$             
0.3000
$          
FY 2026 Budget