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The Association is funded through quarterly assessments which is charged to all residential properties within Sky Legend.  At the end of each year the Board of Directors adopts the annual budget for the ensuing year.  Public input on the budget is always welcome.  Due to the limited size of the Association no audit is required by an independent CPA.  Below you will find the most recent budget of the Association.

December 31, 2022 Financials with 2023 Proposed Budget

December 31, 2021 Financials with 2022 Approved Budget

December 31, 2020 Financials with 2021 Approved Budget

December 31, 2018 Financials with 2019 Approved Budget

December 31, 2017 Financials with 2018 Approved Budget

October 31 2019 Updated Balance Sheet and Revenues & Expenditures

Reserve Study December 2013

2021 Tax Return

2020 Tax Return

2019 Tax Return

2018 Tax Return

2017 Tax Return

2016 Tax Return

2015 Tax Return

2014 Tax Return

2013 Tax Return

2012 Tax Return


Provides architectural control for the community of Cotton Ranch and is responsible for reviewing and approving all new construction, renovations, and exterior improvements.

Master HOA for the valley floor and upper bench providing common area maintenance to the community.

A quasi-municipal corporation that finances the infrastructure of the Cotton Ranch Development, primarily irrigation.

Sitting on the upper bench of Cotton Ranch, Sky Legend HOA is responsible for the maintenance of limited common elements. It also is responsible for some infrastructure not owned by the town of Gypsum.

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