The District’s financial statements are prepared according to governmental accounting standards and present the annual budgets and year-to-date expenditures in three separate funds:

• General Fund: This fund details the budgeted amounts for revenues and expenditures for maintenance activities as well as the administrative functions of the district such as Management, Legal, Accounting, and Insurance costs.
• Debt Service Fund: This fund details the annual revenues and expenditures necessary to service the District’s debt which was incurred to construct public infrastructure such as public roads and water and sewer main lines serving the community.
• Capital Projects Fund: This fund is used to budget annual revenues and expenditures for capital projects.

The Board of Directors commissions a reserve study on a periodic basis to serve as a guide for reserving funds for future replacement and repair projects. Reserve studies were completed in 2013, 2019, and 2022.