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This document provides a yearly fiscal status report for the Mello-Roos Community Facilities District, including fiscal information, assessed values, tax collection details, and delinquency reporting.
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How to fill out Mello-Roos Community Facilities District (CFD) Yearly Fiscal Status Report

01
Obtain the Mello-Roos CFD Yearly Fiscal Status Report template from your local authority or government website.
02
Fill in the fiscal year that the report covers at the top of the document.
03
Provide detailed information about the district, including its name, number, and contact information for the district administrator.
04
Report on the total amount of funds collected through the Mello-Roos taxes, including any special taxes or assessments.
05
Detail how the collected funds were utilized throughout the year, including projects funded and operating expenditures.
06
Include any outstanding debts or liabilities of the CFD.
07
Submit the completed report to the appropriate local government agency by the specified deadline.

Who needs Mello-Roos Community Facilities District (CFD) Yearly Fiscal Status Report?

01
Residents within a Mello-Roos Community Facilities District, as it informs them about the utilization of funds.
02
Local government officials and agencies that oversee Mello-Roos districts for transparency and accountability purposes.
03
Potential investors or developers interested in understanding the financial health of a CFD before engaging in projects.
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People Also Ask about

In California, Mello-Roos taxes typically last for 20 to 25 years but can extend for up to 40 years in some cases. The duration is set when the Community Facilities District is established and is meant to coincide with the time it takes to pay off the bonds that funded the development.
The Mello-Roos tax is assessed against the land, but is not based upon the value of the property, therefore, the possible increased value of the property does not affect the amount of the tax when property is sold. The amount of the tax may not exceed the original maximum amount provided in the Resolution of Formation.
A Mello-Roos tax is a special assessment added to your property tax bill. It's used to fund new infrastructure and amenities within a specific development, neighborhood, or community. This particular tax is unique to California, but other states have their own versions.
Property taxes are based on the assessed value of your property. The Homeowners' Exemption reduces your property taxes by deducting $7,000 from your property's assessed value before applying the tax rate, and given the one percent statewide property tax rate, this generally equates to $70 in property tax savings.
“In general, the special taxes and assessments do not exceed 1% to 1.5% of the market value of new homes. Moreover, all annual taxes (including property tax) usually do not exceed 2% to 2.5% of the home's market value.” But there's plenty of transparency here.

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The Mello-Roos Community Facilities District (CFD) Yearly Fiscal Status Report is a document that provides a detailed account of the financial status and operations of the CFD, including revenues, expenditures, and the overall fiscal health of the district.
The entity designated as the Administrator of the Community Facilities District is required to file the Mello-Roos CFD Yearly Fiscal Status Report annually.
To fill out the report, the Administrator must gather financial data pertaining to the CFD, follow the provided report template or guidelines, and ensure accurate reporting of all required financial information.
The purpose of the report is to ensure transparency and accountability in the management of community facilities, provide information to stakeholders, and fulfill legal obligations set forth by the Mello-Roos Act.
The report must include information such as the total amount of debt outstanding, revenues collected, expenditures made, status of special taxes or assessments, and any changes in financial conditions relevant to the CFD.
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