VALLEY RANCH MUNICIPAL UTILITY DISTRICT NO. 1

The information provided on this page is for Valley Ranch Municipal Utility District No. 1.  Below you can find links to information related to the financial and bookkeeping records for the District.

DISTRICT INFO
BUDGETS
FINANCIALS
TAX INFO

DISTRICT NOTIFICATIONS

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DISTRICT INFORMATION

BOARD OF DIRECTORS

Chris Baughman
President
Term Expires: May 2024

Kyle Hoegemeyer
Vice President
Term Expires: May 2022

Neal J. Brussell
Secretary
Term Expires: May 2022

David Knighten Sr.
Asst. Vice President
Term Expires: May 2024

Corey Mills
Asst. Secretary
Term Expires: May 2022

CONTACT INFORMATION

Mailing Address
3200 Southwest Freeway, Suite 2600
Houston, Texas 77027
Phone: (713) 860-6400
Email: val001@txdistricts.info

BUDGET INFORMATION

APPROVED BUDGET- 6/30/2019
APPROVED BUDGET- 6/30/2020
APPROVED BUDGET- 6/30/2021

Change in the District’s Revenue from 6/30/2020 to 6/30/2021: -$180,500; -10.14%
Change in the District’s Expenses from 6/30/2020 to 6/30/2021: -$463,000; -23.25%

The amount of property tax revenue budgeted for maintenance and operations for the preceding two years and current year:

  • 2019: $275,000.00
  • 2020: $355,000.00
  • 2021: $535,000.00

The amount of property tax revenue budgeted for debt service for the preceding two years and current year:

  • 2019: $1,718,695.29
  • 2020: $1,946,138.10
  • 2021: $2,112,227.79

For additional Budget information, please click on the above Approved Budget link.

FINANCIAL INFORMATION (ANNUAL AUDIT)

FINANCIAL REPORT- 6/30/2018
FINANCIAL REPORT- 6/30/2019
FINANCIAL REPORT- 6/30/2020

For additional Audit information, please click on the above Financial Report link.

TAX INFORMATION

Adopted 2018 Tax Rate (per $100 of assessed valuation)- Total $1.15
Maintenance & Operations: $0.20
Debt Service: $0.95

Adopted 2019 Tax Rate (per $100 of assessed valuation)- Total $1.10
Maintenance & Operations: $0.25
Debt Service: $0.85

Adopted 2020 Tax Rate (per $100 of assessed valuation)- Total $1.10
Maintenance & Operations: $0.23
Debt Service: $0.87

Proposed 2021 Tax Rate (per $100 of assessed valuation)- Total TBD
Maintenance & Operations: TBD
Debt Service: TBD