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:
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 |
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:
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 |