Budget Process

The budget is adopted by the Board at a public hearing, to which the public is invited and allowed to make comments on the budget. At least 60 days prior to the budget hearing, the Board will approve the initial budget in draft form, adopt a Resolution approving the budget and setting the public hearing, and provide a copy to the City of Orlando for their review and comment. Once presented to the Board for their initial approval, the budget is available to the public upon request. The Board will discuss the budget at its interim meetings prior to the public hearing and can make changes to the budget up to the point when it is formally adopted by Resolution.

The two operative words in the budget process are "approve" and "adopt." The Board is required to approve an initial budget in order to set the public hearing and to provide it to the City of Orlando. Only after a public hearing may the Board officially adopt its budget.

Budget Elements

The budget for the Vista Lakes CDD consists of the following budget elements:

• general fund budget (the administration and general operations and maintenance of the District and its common areas),

• debt service budget (repayment of the bonds that were issued for the public infrastructure for the common areas)

Fiscal Year 2010 Proposed Budget

Fiscal Year 2009 Adopted Budget

Fiscal Year 2008 Adopted Budget