| ITEM #: 6. DATE: 06/08/2026 AI #:3240 |
 |
COMMUNITY FACILITIES DISTRICT REPORT
| SUBJECT: | ADOPT CTTNFLWRCFD RES 2026-087 APPROVING THE FINAL BUDGET FOR FISCAL YEAR 2027 |
| STAFF PRESENTER(S): | Ryan Bittle, District Finance Manager |
SUMMARY
CTTNFLWRCFD RES 2026-087 sets the FY2027 final budget for the district.
RECOMMENDATION
ADOPT CTTNFLWRCFD RES 2026-087 APPROVING THE FINAL BUDGET OF THE DISTRICT FOR THE FISCAL YEAR BEGINNING JULY 1, 2026, AND ENDING JUNE 30, 2027. (Ryan Bittle, District Finance Manager)
FISCAL IMPACT
The total for the Fiscal Year 2027 final budget is $424,000 and balanced as presented. The budget includes expenditures in the amount of $239,100 for debt service and $184,900 for general operations and maintenance. These expenditures will be supported by a combined property tax levy of $271,600, net use of $32,700 in fund balance, and budget authority for the remaining fund balance of $185,100.
This budget will establish spending priorities and the appropriations to allow the District to conduct its financial business.
This budget will establish spending priorities and the appropriations to allow the District to conduct its financial business.
BACKGROUND AND PREVIOUS ACTIONS
The adoption of the Final Budget is the second of three actions taken by the District Board that set the District’s FY2027 budget and property tax levy. The first action, adoption of the tentative budget, was taken by the District Board on May 18, 2026; it was approved by CTTNFLWRCFD RES 2026-086. The third action, the adoption of the property tax levy, will take place at the next District Board meeting on June 22, 2026, at 5:00 p.m. in the Goodyear City Hall Council Chambers, 1900 N. Civic Square, Goodyear, Arizona 85395.
STAFF ANALYSIS
The FY2027 Final Budget expenditure amount is unchanged from the Tentative Budget adopted on May 18, 2026. After the adoption of the Tentative Budget, it has been (i) made available for review on the District’s website, at City Hall, and at the City Library, and (ii) delivered to the governing body of the city of Goodyear. The budget amount, property tax levy information, and the time and place of tonight’s public hearing has been published twice in a local newspaper, with at least one publication occurring not less than 10 days prior to the public hearing. Resolution CTTNFLWRCFD RES 2026-087 included here as Attachment A.