Budgets

The Tallyn’s Reach Metropolitan Authority operates and maintains the Tallyn’s Reach community including both District 2 and District 3.

Revenue

Authority funds are made up of a combination of fees and taxes. Here’s the breakdown of how much we receive from each area:

Revenue Infographic
Mill Levy for Debt Service
$3,307,064
Taxes paid by the Districts for the annual debt service requirements.
Other Revenue for Debt Service
$536,011
Revenue received from city, county, or state sources, such as DMV
Fees
$1,873,120
Quarterly fees include general operations fees, transfer fees, development fees and apartment assessments
District 2 Taxes
$250,000
General Fund taxes paid by District 2 Homeowners and Sanctuary Apartments**
District 3 Taxes
$250,000
General Fund taxes paid by District 3 Homeowners and Goddard School**
Other
$5,000
Various other revenues including pool keys and clubhouse rentals
** Only taxes can be used to pay for Administrative expenses, fees and other revenues cannot be used.

Expenses

We use these funds to provide important services for the Tallyn’s Reach community. Here’s the breakdown of how we spend every dollar:

Expenses Infographic
Debt Payments
$3,843,075
Payments made toward original development debt
Administration
$333,200
Professional services, such as accounting, Authority management, and legal support
Operation
$177,000
Property management, operational legal support, and engineering
Grounds
$1,059,500
Landscaping, snow removal, seasonal decor, beautifi cation projects
Recreation
$249,320
Pool, clubhouse and tennis courts maintenance, events
Utilities
$299,000
Water, sewer, gas and electric services
Capital Improvements
$645,500
Investment in capital, such as maintenance and improving infrastructure