Fiscal Year 2013 Recommended Budget Book - Lake County

Special AssessmentsActual Adopted Estimated BudgetExpenditures FY 2011 FY 2012 FY 2012 FY 2013Expenditures by CategoryPersonal Services $ - $ - $ - $ -Operating 653,965 613,302 630,730 616,261Capital Outlay - - - -Subtotal Operating Expenditures $ 653,965 $ 613,302 $ 630,730 $ 616,261Capital Improvements - - - -Debt Service - - - -Grants and Aids - - - -Transfers 14,051 22,307 14,612 22,010Reserves - - - -Total Operating Expenditures $ 668,016 $ 635,609 $ 645,342 $ 638,271Service Charge Reimbursements - - - -Net Expenditures $ 668,016 $ 635,609 $ 645,342 $ 638,271Expenditures by FundGreater Groves MSBU $ 199,127 $ 186,077 $ 189,778 $ 186,077Greater Hills MSBU 229,914 215,767 219,127 218,106Greater Pines Municipal Services 221,240 212,337 215,736 214,078Picciola Island Street Lighting 2,992 3,559 3,358 3,273Valencia Terrace Street Lighting 4,450 5,896 5,668 5,386Village Green Street Lighting 10,292 11,973 11,675 11,351Total Expenditures $ 668,016 $ 635,609 $ 645,342 $ 638,271Highlights:Lake County receives a three percent administrative fee based on the anticipated revenues for each of the six funds above. Thefunds for each of these non-ad valorem assessments are retained in a separate fund within the Lake County financialaccounting system. Any interest that accumulates from the assessment funds are prorated and posted to each fund monthly.The non-ad valorem assessments apply to parcels in the associated subdivisions only (named above).The assessments for Greater Hills, Greater Groves and Greater Pines are for the provision of maintenance services for thecommon areas within each subdivision. The annual budget for these services is established by the homeowners' association(HOA) within each subdivision for the sole benefit of the individuals in each subdivision.Lake County establishes the budgets for the three subdivisions associated with street lighting (Village Green, Picciola Island,and Valencia Terrace) based on the current electric invoices, plus any inflationary factor. The County remits the payments tothe associated electric company monthly.F - 189