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Nevada Irrigation DistrictStaff Report for the Regular Meeting of the Board of Directors June 26, 2019TO:Board of DirectorsFROM:Marvin Davis, MBA, CPA, Finance Manager/TreasurerDATE:June 19, 2019SUBJECT:
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Subject community facilities district is typically needed by local government authorities, developers, and community organizations.
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Local government authorities: They establish subject community facilities districts to fund infrastructure projects and provide essential services to a specific development area, such as roads, utilities, and parks.
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A subject community facilities district is a special district established to provide financing for public facilities within a specified community.
The entity responsible for establishing the subject community facilities district is required to file.
To fill out a subject community facilities district, the entity must provide detailed information about the proposed public facilities and financing plan.
The purpose of a subject community facilities district is to fund public facilities through property tax assessments.
Information regarding the proposed public facilities, financing plan, and assessment methodology must be reported.
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