DISTRICT ANNUAL BUDGETS

 The District will annually approve both a Series 2017 and Series 2018 Bonds debt service budget and an operations and maintenance “O&M” budget.  The Series 2017 and Series 2018 Bonds require level annual debt service and so the bond debt service budget will not vary substantially from year-to-year.

Budgets:

The Board adopts the budget each year in accordance with a process outlined in the Florida Statutes. Each Fiscal Year runs from October 1 to September 30. The Board will first approve a proposed budget in the spring and will provide it to the Polk County at least 60 days before the budget hearing, at which time the Board will adopt the final budget and levy the resulting non-ad valorem assessments.