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.

 
     
        BSMD 2020 Adopted Budget with Accountant's Compilation Report  
     
        BSMD 2019 Adopted Budget with Accountant's Compilation Report  
     
        BSMD 2018 Adopted Budget with Accountant's Compilation Report  
     
        BSMD Exemption from Audits with Compilation Report 2019-02-18  
     
       BSMD Resolution Regarding the Imposition of Development Fees and Notice of System Access Fees 2020-02-25  
     
       BSMD Assignment of Water and Wastewater Services SFE Belford South 204 2016-01-04  
     
       BSMD Resolution Regarding the Imposition of Development Fees and Notice of System Access Fees 2016-06-09  
     
     
     
     
     
     
     
     
     
     
     
                   
      Copyright:  2017 - 2020 Belford South Metropolitan District