RES_01-26_Sundance_FY_2027_Tentative_Budget with Exhibits.pdf

RESOLUTION NO. 01-26 (Sundance) 
RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUNDANCE 
COMMUNITY FACILITIES DISTRICT (CITY OF BUCKEYE, ARIZONA), 
APPROVING THE TENTATIVE BUDGET OF THE DISTRICT FOR FISCAL 
YEAR 2027, BEGINNING JULY 1, 2026, AND ENDING JUNE 30, 2027, AND 
SETTING HEARING DATES FOR THE FINAL BUDGET AND TAX LEVY. 
BE IT RESOLVED by the Board of Directors of the Sundance Community Facilities 
District (City of Buckeye, Arizona), as follows: 
Section 1. The statements and schedules contained in the budget attached hereto as 
Exhibit A and incorporated by reference herein are hereby approved for the purpose as 
hereinafter set forth as the tentative budget for the Sundance Community Facilities District 
(City of Buckeye, Arizona) (the “District”) for fiscal year 2027.  The statements and estimates 
of the operation and maintenance expenses of the District, the costs of capital 
improvements and other expenditures for public infrastructure, and the amount needed to pay 
general obligation bonds of the District, if any (collectively, the “District Expenditures”), which 
are to be paid from ad valorem taxes collected in the District, are hereby filed with the District 
Clerk. 
Section 2. The District Clerk is authorized and directed to cause to be mailed to the City 
Council of the City of Buckeye, Arizona (the “City Council”) and published in the manner 
prescribed by law, a notice that the District Board will meet for the purpose of conducting a final 
hearing for District taxpayers on the statements and estimates of District Expenditures filed with 
the District Clerk and on the adoption of the fiscal year 2027 Annual Budget for the District; said 
hearing to be conducted on June 2, 2026, at 5:15 p.m. in the Executive Conference Room at 
City Hall, 530 E. Monroe Avenue, Buckeye, Arizona 85326, with final approval of the District’s 
tax levy on June 16, 2026, same time and place. 
Section 3. This Resolution shall be effective immediately. 
PASSED AND ADOPTED by the Board of Directors of the Sundance Community 
Facilities District (City of Buckeye, Arizona), this 19th day of May, 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 Budget

EXHIBIT A 
Fiscal Year 2027 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