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Carefree board orders public hearing on FY2026–27 water budgets after staff corrects grant error
Summary
At a May 5 joint meeting, the Carefree board reviewed proposed FY2026–27 budgets for the UCFD and the Carefree Water Company, accepted a staff correction that double‑counted an EPA grant (reducing the UCFD ending balance), and voted to order a public hearing on the proposed budgets and rates.
The Town of Carefree board of directors voted May 5 to order a public hearing on the proposed fiscal year 2026–27 budgets for the Carefree Arizona Utilities Community Facilities District (UCFD) and the Carefree Water Company after staff presented the budgets and corrected a grant accounting error.
Nick, the staff presenter, told the board that staff had discovered an accounting mistake in the packet: EPA grant funds were double‑counted in the UCFD beginning balance. He said the correction reduces the projected ending balance to $432,350 from the $1,052,003.50 shown in the packet but does not put the UCFD into a negative position and the district can still complete planned capital projects.
The board then considered Resolution 2026‑01, which approves the proposed FY 2026–27 UCFD budget and the proposed FY 2026–27 Carefree Water Company budget, rates, fees and charges and orders the public hearing. Committee member (mover) made the motion to adopt and the Chair…
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