American Ranch Annual Budgets
Annually, the Board of Directors holds a public hearing to adopt a budget of projected estimates of revenue and expenditures for the coming fiscal year (July 1 to June 30). Accordingly they set the fees and rates to cover those expenses. These hearings are typically held at the American Ranch Ranch House at 9500 American Ranch Road, Prescott, Arizona and the public is invited to attend.
The American Ranch Domestic Water Improvement District is a special taxing district formed under the Arizona Revised Statutes Title 48 to provide sewer and water service to the properties within the boundaries of the American Ranch subdivision. This District is a political subdivision of the State of Arizona and acts as a governmental entity, governed by an elected Board of Directors who are qualified electors, property owners and/or residents within the boundaries of the District. In summary, the District has the authority to own, operate and maintain the water and wastewater systems and charge fees for providing these services. The District cannot profit and the only source of revenue comes from the property owners and users of the systems. All expenses necessary to maintain a healthy water and wastewater system must be borne by the District. Therefore, annually at a public hearing the budget and fees are reviewed and adjusted appropriately to cover these costs.