Chaparral Valley Debt Service Fund
Chris Richardson, Board of County Commissioners (BOCC), Chair
The Chaparral Valley Fund is used to account for the collection of special assessments in the district for paying the special improvement district's bond. The County undertook the loan in order to call the special assessment bond principal early, thus saving a substantial amount of interest. This loan has been repaid to the Road and Bridge Fund from Chaparral Valley special assessments and residual fund balance was returend to the General Fund in accordance with state statute. It will no longer be reported after this year.