Financial Information

Taxable property within the District is subject to the assessment, levy, and collection by the District of an annual ad valorem tax, without legal limitation as to rate or amount, sufficient to pay principal of and interest on the Bonds (and any future tax-supported bonds which may be issued from time to time as authorized). Taxes are levied by the District each year against the District's assessed valuation as of January 1 of that year. Taxes become due October 1 of such year, or when billed, and generally become delinquent after January 31 of the following year.

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The Board covenants in the Bond Order to assess and levy. for each year that all or any part of the Bonds remain outstanding and unpaid a tax ample and sufficient to produce funds to pay .the principal of and interest on the Bonds. The actual rate of such tax will be determined from year to year as a function of the District's ta~ base, its debt service requirements, and its available funds. In addition, the District has the power and authority to assess, levy, and collect ad valorem taxes, in an unlimited amount, for operation and maintenance purposes.

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For the 2025 tax year, the District levied a total tax rate of $0.9748 per $100 assessed taxable value, being composed of the following: $0.8250 per $100 of assessed taxable value for debt service on Outstanding Bonds; and $0.1498 per $100 assessed taxable value for maintenance and operations.

2025 Budget- Belmont FWSD 2Adopted 2025 Budget

Revenue: $1,175,740.00

Expenses: $730,137.00

Net Gain (Loss): $445 603.00

2024 Budget- Belmont FWSD 2Adopted 2024 Budget

Revenue: $997,479.00

Expenses: $680,037.00

Net Gain (Loss): $317,442.00

2023 Budget- Belmont FWSD 2Adopted 2023 Budget

Revenue: $1,013,564.00

Expenses: $571,212.00

Net Gain (Loss): $267,352.00

Adopted 2025 Tax Rate (per $100 of assessed valuation)-

Total: $0.9748

Maintenance & Operations: $0.1498

Debt Service: $0.8250

Adopted 2024 Tax Rate (per $100 of assessed valuation)-

Total: $0.9757

Maintenance & Operations: $0.1257

Debt Service: $0.8500

Adopted 2023 Tax Rate (per $100 of assessed valuation)-

Total: $1.0605

Maintenance & Operations: $0.1880

Debt Service: $0.8725