Bent Creek Community Development District

This document outlines the goals, objectives, and performance measures for the Bent Creek Community Development District for the period of October 1, 2024, to September 30, 2025. The strategic focus areas include Community Communication and Engagement, Infrastructure and Facilities Maintenance, and Financial Transparency and Accountability. The plan aims to ensure compliance with Florida Legislature regulations (HB7013) by establishing clear metrics to assess the achievement of goals and enhance overall district accountability and transparency.

The meeting agenda included organizational matters such as the consideration of an appointment to fill an unexpired Supervisor term (Seat #4) and the election of officers. Key discussions involved setting a public hearing for the Proposed Fiscal Year 2027 Budget via Resolution #2026-01 and the appointment of an Audit Selection Committee. Other discussions covered procedures for the upcoming Landowners Election Meeting in November 2026 and the General Election. Staff reports included consideration of an adjustment to the District Counsel Fee Structure and final approval of the FY2024-FY2025 Report Performance Measures and Standards. Financial reports included approval of the summary of invoices and acceptance of unaudited financials.

The Bent Creek Community Development District's budget for Fiscal Year 2022 includes revenues and expenditures for both the General Fund and the Debt Service Fund. The General Fund anticipates revenues from special assessments and outlines administrative expenditures such as engineering fees, dissemination agent costs, arbitrage calculations, assessment roll expenses, attorney fees, annual audit costs, trustee fees, management fees, computer time, postage, printing and binding, insurance, legal advertising, website compliance, office supplies, and dues. The Debt Service Fund includes revenues from interest income, on-roll assessments, direct assessments, and carry-forward surplus, with expenditures covering interest and principal expenses for the Series 2021 bond.

The budget includes revenues from special assessments on roll and direct assessments, as well as expenditures for administrative costs such as engineering, attorney fees, annual audit, assessment administration, property appraiser, dissemination agent, trustee fees, management fees, information technology, website maintenance, postage, insurance, printing, legal advertising, and other charges. It also covers interest and principal expenses for debt service, with a focus on the Series 2021 Special Assessment Bonds, detailing the amortization schedule and non-ad valorem assessments comparison for 2024-2025.