Mterc Community Development District

The resolution approves the proposed budget for Fiscal Year 2021/2022 and sets a public hearing to adopt the Proposed Budget. It also directs the District Manager to submit a copy of the Proposed Budget to the City of Tampa and Hillsborough County, and directs the District's Secretary to post the approved Proposed Budget on the District's website.

The budget includes revenues from developer contributions and expenditures for administrative and field operations. Administrative costs cover supervisor fees, administrative services, district management, engineering, financial and revenue collections, accounting, auditing, insurance, legal advertising, dues, and website maintenance. Field operations include general liability and property insurance, as well as a miscellaneous contingency fund.

The resolution relates to annual appropriations and adopting the budget for the fiscal year beginning October 1, 2022, and ending September 30, 2023. It authorizes budget amendments and provides an effective date. The Board reviewed and approved amendments to the proposed budget, adopting it in accordance with Florida Statutes. The budget projects cash receipts and disbursements, including reserves for contingencies. Appropriations were made out of the District's revenues for Fiscal Year 2022/2023. The resolution also addresses procedures for amending the adopted budget within Fiscal Year 2022/2023, including line-item adjustments and the posting of amendments on the District's website.

The document outlines the adopted budget for the MTERC Community Development District's General Fund for the fiscal year 2022/2023. It includes a breakdown of revenues, primarily from developer contributions, and expenditures for both administrative and field operations. Administrative expenses cover legislative, financial, administrative, and legal services, while field operations include insurance and a contingency fund. The budget anticipates total revenues and expenditures to be $131,675, resulting in a balanced budget with no excess of revenues over expenditures.

The agenda includes consideration of minutes from the Special Board of Supervisors Meeting on September 30, 2024, and the Landowner Election Meeting on November 4, 2024. The board will also ratify operation and maintenance expenditures from September 2024 through December 2024, and January 2025 through February 2025. Additionally, the board will discuss and consider Resolution 2025-01 to approve the FY 2025-2026 proposed budget and set a public hearing, Resolution 2025-02 to canvass and certify landowner election results, and Resolution 2025-03 to re-designate officers of the district. Staff reports from the District Counsel, District Engineer, and District Manager, including a website compliance report, will be presented.