Financial

Senate Bill 2 (SB2)

SB2, also known as the Texas Property Tax Reform and Transparency Act of 2019, was passed by the Texas Legislature in 2019.  Tax Code Section 26.18 of SB2 requires that “Each taxing unit shall maintain an Internet website or have access to a generally accessible Internet website that may be used for the purposes of this section. Each taxing unit shall post or cause to be posted on the Internet website the following information in a format prescribed by the comptroller:”

Here is the required information for the Ranch at Cypress Creek Municipal Utility District #1

 

(1) the name of each member of the governing body of the taxing unit;

(2) the mailing address, e-mail address, and telephone number of the taxing unit;

(3) the official contact information for each member of the governing body of the taxing unit, if that information is different from the information described by Subdivision (2);

(4) the taxing unit’s budget for the two preceding years;

(5) the taxing unit’s proposed or adopted budget for the current year;

(6) the change in the amount of the taxing unit’s budget from the preceding year to the current year, by dollar amount and percentage;

(7) in the case of a taxing unit other than a school district, the amount of property tax revenue budgeted for maintenance and operations for:

(A) the preceding two years; and 2019: $770,480
2020: $795,900
(B) the current year; 2021: $985,500

 

(8) in the case of a taxing unit other than a school district, the amount of property tax revenue budgeted for debt service for:

(A) the preceding two years; and 2019: $486,516
2020: $380,211
(B) the current year; 2021: $373,089

 

(9) the tax rate for maintenance and operations adopted by the taxing unit for the preceding two years;

2019:  $0.2535 on each $100 of taxable property with the District
2020:  $0.2548 on each $100 of taxable property with the District

(10) in the case of a taxing unit other than a school district, the tax rate for debt service adopted by the taxing unit for the preceding two years;

2019: $0.1000 on each $100 of taxable property with the District
2020: $0.0965 on each $100 of taxable property with the District

(11) the tax rate for maintenance and operations proposed by the taxing unit for the current year;

$0.2548 on each $100 of taxable property with the District

(12) in the case of a taxing unit other than a school district, the tax rate for debt service proposed by the taxing unit for the current year;

$0.0965 on each $100 of taxable property with the District

(13) the most recent financial audit of the taxing unit.

 

Electricity Use

The District’s annual electric bill.

 

Order Levying Taxes

2021 Proposed Taxes

2020 Order Levying Taxes

2019 Order Levying Taxes

2018_Order Levying Taxes

 

*DRAFT* Proposed Budget FYE 2022

IncomeActuals at 06/17/2021Budget FYE 9/30/21Proposed Budget FYE 9/30/22Variance FYE 21 to FYE 22
Maintenance Taxes1,009,834.89985,500.001,009,835.0024,335.00
Miscellaneous Income216.500.000.000.00
Interest Income1,243.256,000.002,000.00-4,000.00
Total Income$1,011,294.64$991,500.00$1,011,835.00$20,335.00
Expense
Purchased Water2,303.2510,000.0010,000.000.00
Management Fees - Extra Projects0.003,000.003,000.000.00
Restrictive Covenants Enforcement18,336.004,0000.0040,000.000.00
Mailings - Restrictive Enforcement3,115.702,750.002,750.000.00
Stormwater Management Plan0.005,000.005,000.000.00
Director Fees15,461.4724,900.0024,900.000.00
Payroll Tax Expense2,860.631,995.001,995.000.00
Legal Fees - General95,770.4238,000.00140,000.00102,000.00
Legal Fees - Enforcement1,350.0017,500.0017,500.000.00
Legal Fees - Litigation50,959.3820,000.007,5000.0055,000.00
Legal Fees - Stormwater11,856.520,000.0020,000.000.00
Audit Fees8,000.007,500.008,500.001,000.00
Engineering Fees5,325.004,500.0010,000.005,500.00
Financial Advisor Fees2,640.002,500.002,700.00200.00
Election Expense7,747.2610,000.0010,000.000.00
TCEQ Permit Fees100.00100.00100.000.00
Bookkeeping Fees14,248.6320,580.0022,500.001,920.00
Landscape Maintenance63,952.8465,000.0065,000.000.00
Legal Notices and Filing Fees630.002,000.002,000.000.00
Night Watchman Lights13,380.6221,000.0021,000.000.00
Insurance5,094.683,750.005,095.001,345.00
Travel Expense365.374,850.004,850.000.00
Registration/Membership Fees0.001,000.001,000.000.00
General Manager21,793.6465,000.000.00-65,000.00
Other Expenses2,091.244,500.004,500.000.00
Website Expense632.002,000.002,000.000.00
Patrol Expense14,908.5826,000.0026,000.000.00
Fence Improvements0.0050,000.0050,000.000.00
Paint Supplies155.882,000.002,000.000.00
Capital Improvements - Mailboxes0.00144,000.00144,000.000.00
Capital Improvements - Entry Monuments0.0075,000.0075,000.000.00
Stormwater Maintenance26,672.13200,000.00200,000.000.00
Total Expense$389,751.22$894,425.00$996,390.00$101,965.00

 

Texas Landowners Bill of Rights

Texas Landowners Bill of Rights (Spanish)