2023 District Annual Report - 6

Budget
F Y 2 2 - 2 3 AN N U A L B U D G E T
$758,274,118
I N C A PITA L P R O J EC T S
D I S TR I C T F U N DS
$279,280,766 75
The Office of Management and Budget (OMB)
follows a strategic Budget process that focuses on
accountability and accuracy to develop, review
and present the Districts' budgets and Capital
Improvement Plans. The annual Approved
Budget lays the foundation for a strong, effective
District government.
In 2023, the OMB focused on efficiencies and
information transparency during the budget
process. Improvements included the allocation
of management fees, centralized services for
Information Technology, personnel budgeting,
and expanded five-year budgeting for operations.
The OMB also played a key role in developing
5-year Capital Improvement Plans for
Districts 1-11, the Project Wide Fund, the two
Amenity Funds, the two Utility Funds, and the
Villages Public Safety Department Fund. These
were presented to the Boards with funding
forecasts and options to assure the funds are
available when necessary.
The OMB ensures that Budget forecasts are
developed to include a balanced operating
budget and funding plans for infrastructure
needs while maintaining adequate reserves
to uphold the Districts' overall long-term
fiscal health.
AN N UAL B U D G E T
$250,000,000
$200,000,000
$150,000,000
$100,000,000
$50,000,000
$0
Operating
Expenses
Allocations
Transfers
Debt Service
Capital
Projects Fund
$46,393,910
$0
$4,4546,995
$0
$0
$0
$0
$0
$0
$120,175,000
$0
$0
$0
$191,797,000
$0
$4,366,202
$41,103,390
$106,972,400
$0
$18,761,160
$2,275,806
$17,378,840
$65,693,700
$0
$23,489,690
$34,775,690
$0
$250,000
$0
$22,190,850
$5,001,340
$0
$238,037
$0
$10,116,690
$1,997,200
$0
$97,085
$0
$0
$780,628
$0
$3,165,000
$34,906,650
$1,139,000
$27,150
$0
$0
$0
$0
$15,000
$0
$0
$0
$0
4
THE VILL AGES COMMUNITY DEVELOPMENT DISTRIC T S
Numbered
Districts
General Fund
Numbered
Districts
Debt Service
Numbered
Districts
Capital
Projects Fund
Village
Center
Sumter
Landing
NSCUDD
WUDD
Brownwood
Family
Districts
Middleton
Downtown
Eastport

2023 District Annual Report

Table of Contents for the Digital Edition of 2023 District Annual Report

2023 District Annual Report - 1
2023 District Annual Report - 2
2023 District Annual Report - 3
2023 District Annual Report - 4
2023 District Annual Report - 5
2023 District Annual Report - 6
2023 District Annual Report - 7
2023 District Annual Report - 8
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