Regular Fire Board Meeting - July 10, 2024

Unassigned fund balances are amounts that are available for any purpose. Positive amounts are reported only in the general fund.

Net Position:

Net Investment in Capital Assets

$

524,170

Unrestricted

(175,685)

Total Net Position

$

348,485

Governmental Fund Balances:

Unassigned

$

(175,685)

Total Fund Balance

$

(175,685)

NOTE 17 - PROPERTY TAXES

Per ARS 48-807.F the District is authorized to levy property taxes in an amount sufficient to operate the District. The board, based on the budget submitted by the district, shall levy, in addition to any tax levied as provided in section 48-806, a tax not to exceed $3.25 per $100 of assessed valuation through tax year 2021, $3.375 per $100 of assessed valuation for tax year 2022, $3.50 per $100 of assessed valuation for tax year 2023 and $3.75 per $100 of assessed valuation for tax year 2024 and each tax year thereafter, or the amount of the levy in the preceding tax year multiplied by 1.08, whichever levy is less, and minus any amounts required to reduce the levy pursuant to subsection I of this section, against all property situated within the district boundaries and appearing on the last assessment roll. The levy shall be made and the taxes collected in the manner, at the time and by the officers provided by law for the collection of general county taxes. The District levies real property taxes on or before the third Monday in August that become due and payable in two equal installments. The first installment is due on the first day of October and becomes delinquent after the first business day of November. The second installment is due on the first day of March of the next year and becomes delinquent after the first business day of May.

The District also levies various personal property taxes during the year, which are due at the same time as real property taxes.

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