Board of Directors of the Elianto Community Facilities District to take action on Resolution No. -25 approving the Final Budget of the District for Fiscal Year 2025-2026 beginning July 1, , and ending
City of Buckeye — Joint Community Facilities Districts (2025-06-03)
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3.B CITY OF BUCKEYE Joint Meeting of the Community Facilities Districts BOARD ACTION REPORT MEETING DATE: 06/03/25 AGENDA ITEM: 3.B. Fiscal Year 2025- 2026 Community Facilities District Final Budget - Elianto CFD DATE PREPARED: 05/29/25 DISTRICT NO.: Elianto STAFF LIAISON: Larry Price, Special Districts Manager, lprice@buckeyeaz.gov, (623) 349-6164 DEPARTMENT: Financial Services AGENDA ITEM TYPE: CFD Item ACTION/MOTION: (This language identifies the formal motion to be made by the Council) Board of Directors of the Elianto Community Facilities District to take action on Resolution No. 02-25 approving the Final Budget of the District for Fiscal Year 2025-2026 beginning July 1, 2025, and ending June 30, 2026. RELEVANT GOALS: GOAL 1: Fiscal Wellness and Financial Flexibility and Accountability ADDITIONAL RELEVANT GOALS: GOAL 5: Responsive and Accountable Government and Effective Public Services SUMMARY PROJECT DESCRIPTION: On May 20, 2025, the Board approved Resolution No. 01-25, which resolution adopted a Tentative Budget for Fiscal Year 2025-2026 in the amount of $6,500 and scheduled a public hearing on June 3, 2025, at which property owners within the District may comment in favor of or against the expenditures or tax levy. Notification was made through publication and by mail as required by law. Arizona law provides that the total amounts proposed to be spent in the final budget shall not exceed the total amounts that were proposed for expenditure in the adopted tentative estimates. BENEFITS: Under Arizona law, each community facilities district must adopt an Annual Budget and establish a tax levy rate for the property within the District to meet the operating needs of the District. FUTURE ACTION: The Board will meet on June 17, 2025, to approve a tax levy and rate for Fiscal Year 2025-2026 for the District. FINANCIAL IMPACT STATEMENT: The Final Budget estimate for Fiscal Year 2025-2026 is $6,500. CURRENT FISCAL YEAR TOTAL COST: $6,500 BUDGETED: Yes FISCAL YEAR: 2025-2026 FUND/DEPARTMENT: 8003 Items related to a project or facility location must include an attached vicinity map for Council Review. ATTACHMENTS: RES 02-25 Elianto CFD - FY2026 Final Budget (002)(GR 5.19.2025)(6546056.2).pdf