February 18, 2016 6:00 P .M. Laurel Manor Recreation Center
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Laurel Manor Recreation Center www.DistrictGov.org ~ Customer - - PowerPoint PPT Presentation
February 18, 2016 6:00 P .M. Laurel Manor Recreation Center www.DistrictGov.org ~ Customer Service 753-4508 1 BO BOARD ARD OF SUPE OF SUPERVISORS VISORS Walter Martin, Seat 1, Chair Gary Kadow, Seat 5, Vice Chair Jerry
February 18, 2016 6:00 P .M. Laurel Manor Recreation Center
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Council – Manager form of government combines the strong political leadership of elected officials with the strong managerial experience of an appointed manager. All power and authority to set policy rests with an elected governing
manager who has very broad authority to run the
government in the United States.
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CDDs.
the ability to levy assessments.
self-supporting through the ability to levy an annual maintenance assessment on each benefiting property.
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Center Community Development District
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Chapter 190 allows for a governing board of Supervisors, initially elected by the Landowner. Chapter 190 allows for this landowner elected board to transition into a fully-Resident elected Board, elected by the Qualified Electors of the District.
registered voter in the State of Florida. All Supervisors that serve on the Board are Qualified Electors (residents) of VCDD No. 5.
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Create policies and procedures. Approve contracts and enter into Interlocal Agreements with other Districts, and governmental bodies. Approve the annual budget and maintenance assessments for upkeep of the District. Authority to issue and refinance certain types of bonds and assess all taxable property in the District. (i.e. annual maintenance assessment) Adopt rules to enforce certain External Deed Restrictions. Levy fines for violations of rules for certain External Deed Restrictions.
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Florida’s Government in the Sunshine Law.
any District business outside of a publicized meeting with a Board Supervisor from the same District and can be fined for violation of the Sunshine Law.
be open to the public;
given; and
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appears on the Non-Ad Valorem portion of your tax bill.
Assessment:
total assessable acreage within that district. The percentage is then multiplied by the total revenue bond debt amount or maintenance amount billed for the entire district. The total number is then divided by the number of lots in the unit.
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FY 2015-16 is $474.91
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property located in VCDD No. 5 is determined by the cost of infrastructure that is required prior to the construction
infrastructure that is constructed includes:
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20 Maintenance Assessment in VCDD No. 5 maintains:
Transportation Paths
(Budget year begins 10/1 and ends 9/30 of each year)
TOTAL REVENUES
General Fund: $3,867,424.00 Debt Service: $3,782,458.00 $7,649,882.00
TOTAL EXPENSES
General Fund: $3,867,424.00 Debt Service: $3,782,458.00 $7,649,882.00
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District 5
including landscaping
audit fees; board salaries; insurance etc.
Capital Improvement Plan (CIP)
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REVENUE
Maintenance Assessment* $ 2,997,542.00 Sumter County ROW Agreement $ 15,629.00 Interest $ 3,800.00 Debt Service Transfer $ 308,696.00 (Add) Working Capital $ 541,757.00
Total Revenue $ 3,867,424.00 DISBURSEMENTS
Professional Services $ 327,883.00 Utilities $ 244,722.00 Repairs & Maintenance $ 378,018.00 Project Wide Allocation $ 1,615,355.00 Capital Outlay $ 678,566.00 Transfer to Reserves $ 580,000.00 Other $ 42,880.00
Total Disbursements $ 3,867,424.00
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* Amount reflects 96% (4% discount) of total amount billed.
3.00% to 4.00%
3.00% to 4.00%
achieve a lower interest rate.
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Revenue
Bond Assessment Regular $ 2,845,468.00 Bond Assessment Pre-pay $ 800,000.00 Interest $ 450.00 Add Working Capital $ 136,540.00
Total Revenue $ 3,782,458.00 Disbursements
Interest $ 1,233,557.00 Principal Pre-pay $ 800,000.00 Principal $ 1,365,000.00 Services, Accounting, Auditing $ 73,205.00 Misc. $ 2,000.00
Transfer to General Fund** $ 308,696.00
Total Disbursements $ 3,782,458.00
DEBT SERVICE FUNDS
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25 ** Transfer as a result of the interest savings from the 2002A and 2003A bond refunding.
$3,219,101 $3,219,101 $3,219,101 $3,219,101 $3,219,101 $3,122,440 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15 FY 15-16
3% decrease from previous years
maintenance projects for the next 5 years and how the projects will be funded.
better informed on what and when projects will be done.
Board approved an aggressive capital project to mill and overlay all villa roads in FY 2015-16 and FY 2016- 17 which was incorporated into the CIP.
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*Amount represents FY 2015-2016 projected ending balance.
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activities as required by Chapter 218.415 of Florida State Statutes.
are allowed to be invested and investment objectives and responsibilities.
Capital Improvement Funds and our Reserve Funds.
District Board of Supervisors.
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established in 2007.
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District Financial Officer and the District Manager for investing the financial assets of the Districts.
individual District Boards for acceptance and approval.
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layer, conservative portfolio strategy: 0-3 year Fund.
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Development District, Sumter Landing Community Development District, Brownwood Community Development District, and North Sumter County Utility Dependent District.
$13.9 Million (includes all Districts)
$1,323,462.00
ranging from 5% to 7% over a 5 to 10 year holding period.
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Revenue Bonds, Series 2002A and 2003A. Issued Special Assessment Revenue Bonds, Series 2013A and Series 2013B which resulted in a $8,731,301.54 net present value savings of 22.52% of the refunded bonds.
Prime, FMIvT, and FLGIT.
an increase of 0.10% from the end of last quarter’s performance.
was a decrease of 0.35% from the end of last quarter’s performance.
was a decrease of 0.39% from the end of last quarter’s performance.
$1,332,153
$1,374,177
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Commodities, Emerging Markets, and High Yield Funds.
anticipate inflation to rise in 2016.
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Landing Community Development District (SLCDD).
common to CDDs south of C.R. 466 to S.R. 44.
assessable acreage.
Committee (PWAC).
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Community Development District No’s 5-10.
SLCDD on issues related to the maintenance of Project Wide Improvements.
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SLCDD; review monthly budget to actual statements.
the Project Wide Fund.
bid/proposals.
to the Project Wide Improvements as they arise and provide advice and recommendations to the SLCDD.
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events
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VCDD No. 5 Project Wide Fee Total Project Wide Budget $1,615,355 $10,847,631
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$21 Per Month For each of the 6,399 homesites in VCDD No.5
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46 Project Wide currently oversees, operates and maintains an immense operation, a sampling of which includes:
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(developer) and the property owner.
maintenance and aesthetic values in order to make the community as attractive as possible to maintain or enhance property values.
community.
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external restrictions through legal channels.
Statutes, the District Board of Supervisors has the ability to enforce certain external Deed Restrictions.
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external Deed Restrictions that a CDD has chosen to enforce.
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can be found on www.DistrictGov.org. They can be accessed using the following steps:
“Community Standards”.
Your Declarations of Restrictions”.
followed by your Unit.
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quality and consistency of the aesthetic beauty and design of the residences and home sites found through out The Villages.
representative appointed by the respective District Board to represent Districts 1-9 and the Lady Lake/Lake County portion of The Villages.
three hours to review submitted applications.
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landscaping alterations must first obtain approval from the Architectural Review Committee (ARC).
deed restrictions within a Unit (neighborhood).
the respective Board of Supervisors.
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Submittal of an ARC application
plans, etc.
the homeowner’s responsibility.
contractor required prior to work commencing.
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modifications included in handouts.
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We have many opportunities for you to stay involved in the community and keep up with what’s happening.
also be able to meet District Board Supervisors and District Staff who are ready and willing to answer your questions.
District governments and how they operate. CDD Orientation is held each Thursday at 10:00 a.m. Please join us at the District Office located at 984 Old Mill Run in Lake Sumter Landing for both Welcome Wednesday and CDD
For additional information about these programs and others, please contact the Customer Service Center at (352) 753-4508.
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who are interested in learning about their local government.
Departments and how they work together to make this the best community to live, work and play.
Departments, and an interactive tour of a waste water treatment facility and VPSD Fire Headquarters.
please call the Customer Service Center at 753-4508 or stop by the District Office at Sumter Landing 984 Old Mill Run.
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with what’s happening in our community.
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