The District is funded through a combination of property taxes levied on all properties within the District boundaries as well as raw-water user fees charged based on usage. In the fall of each year the District adopts a budget for the upcoming year in compliance with state statutes. Public input on the budget is always welcome. In the spring of each year the financial records of the District are audited by an independent CPA firm as required by State statute. Below you will find the Budgets and Audits of the District for the past several years.
Sitting on the upper bench of Cotton Ranch, Sky Legend HOA is responsible for the maintenance of limited common elements. It also is responsible for some infrastructure not owned by the town of Gypsum.