Financial  
     
  2020 Refunding Loan Agreement  
     
  In February 2020 the District refunded its existing 2010 bonds in the amount of $11,560,000 with a taxable loan rate of 3.5% through September 2, 2020 when it converts to a 20 year tax exempt loan at 2.8% with BBVA Compass. This refunding and refinancing loan provides the District the opportunity to reduce its debt service mill levy in the 2021 and future budgets by approximately 10-15 mills.

However, the Board stated that some of this reduction in the debt service mill levy could possibly be used to increase the general fund mill levy in order to create a capital reserve fund for the future replacement and/or reconstruction of the Districtís assets: the roads, equestrian trails, pedestrian trails, open space, storm drainage/culverts system, community park, entry landscaping and walls/entry features and landscaped medians. The current mill levy is 50 mills for debt service and 25 mills for the general fund for a total of 75 mills.

The Board will discuss these options during the 2021 budget process and adopt a 2021 budget at the November 2020 or December 2020 Board meeting.
 
     
       Closing Bell Memo  (February 21, 2020)  
     
       Refunding Escrow with Exhibits  (February 27, 2020)  
     
 
 
  Budgets  
     
  The 2020 budget maintains the total mill levy at 75 mills.  
     
       2020 Adopted Budget  
     
       2019 Adopted Budget  
     
       2018 Adopted Budget  
     
       2017 Adopted Budget  
     
       2016 Adopted Budget  
     
 
 
  Financial Statements (End of Year) with Independent Auditor's Report  
     
       2018 Audit Report  
       2017 Audit Report  
       2016 Audit Report  
       2015 Audit Report  
       2014 Audit Report  
       2013 Audit Report  
       2012 Audit Report  
       2011 Audit Report  
       2010 Audit Report  
       2009 Audit Report  
       2008 Audit Report  
       2007 Audit Report  
     
 
 
  Financial Statements and Compilation Reports  
     
       Financial Statement Ending 2020-04-30 and Report - 2020-05-27  
       Financial Statement Ending 2020-02-29 and Report - 2020-04-03  
       Financial Statement Ending 2019-12-31 and Report - 2020-01-28  
       Financial Statement Ending 2019-10-31 and Report - 2019-11-26  
       Financial Statement Ending 2019-08-31 and Report - 2019-09-25  
       Financial Statement Ending 2019-06-30 and Report - 2019-07-29  
       Financial Statement Ending 2019-04-30 and Report - 2019-05-28  
       Financial Statement Ending 2019-02-28 and Report - 2019-03-26  
       Financial Statement Ending 2018-12-31 and Report - 2019-01-30  
       Financial Statement Ending 2018-10-31 and Report - 2018-11-27  
       Financial Statement Ending 2018-08-31 and Report - 2018-09-24  
       Financial Statement Ending 2018-06-30 and Report - 2018-08-01  
       Financial Statement Ending 2018-04-30 and Report - 2018-05-29  
       Financial Statement Ending 2018-02-28 and Report - 2018-03-28  
       Financial Statement Ending 2017-12-31 and Report - 2018-01-30  
       Financial Statement Ending 2017-10-31 and Report - 2018-11-28  
       Financial Statement Ending 2017-08-31 and Report - 2017-09-26  
       Financial Statement Ending 2017-06-30 and Report - 2017-07-26  
       Financial Statement Ending 2017-04-30 and Report - 2017-06-05  
       Financial Statement Ending 2017-02-28 and Report - 2017-03-29  
       Financial Statement Ending 2016-12-31 and Report - 2017-01-31  
     
 
 
  Cash Schedule Reports  
     
       Cash Report - November 5, 2019  
     
       Cash Report - October 1, 2019  
     
     
     
 
 
  Consolidated Bell Mountain Ranch Metropolitan District Copyright 2018 - 2020 All Rights Reserved