Revenues to operate and maintain the District are raised through a special benefit assessment on properties in Natomas who benefit from the flood protection provided by our efforts. The assessment appears on the annual Sacramento County property tax bill as a direct levy and is designated “RD 1000”. The amount of the assessment is determined by the property's use, size and location in the Natomas Basin. A “typical” single-family residential lot pay approximately $25 per year for the services we provide.
The District's fiscal year is from July 1st through June 30th. The District's Annual Budget process for the next fiscal year is adopted at the June Board of Trustees meeting, The Budget is prepared by staff and adopted annually by the Board. The proposed budget documents are available in the corresponding board packet on the District website, or by request, at least 72 hours prior to the Board of Trustees meeting in which the budget will be considered for adoption by resolution. All Board of Trustees meetings are open to the public for comment.
The Budget Cycle:
July 1st: Start of the fiscal year.
December/January: Mid-year review of the budget
March/April: Staff develops the budget; Committees Meet: Personnel, Operations, Finance.
May: Draft budget is prepared for Board review.
June: Board adoption and approval of the budget.
Pursuant to Government Code Section 26909, Special Districts are required to have annual, independent audits conducted by the county auditor or a certified public accountant. This information is filed with the State Controller's Office (SCO). The annual audit can be changed to a biennial audit of approved unanimously by the district board and the board of supervisors, under certain restrictions.