Your annual assessment is derived into two parts; the Dept Portion and the Operation and Maintenance (O&M) portion:
The Debt Portion is the amount proportionately owed by each homeowner within the District in order to pay the issued bonds (loan) that paid for the District’s original infrastructure (roadways, sidewalks, lakes, landscape, irrigation, entry features, storm drains, street signs, street lighting, security structures, etc.).
The Operations and Maintenance (O&M) portion applies to the general day-to-day administrative fees and costs as well as maintenance and repair of the infrastructure and general administrative functions (attorneys, engineers, board meetings, website maintenance, mailings, landscape maintenance, lake maintenance, insurance, utilities, security services, etc.).
Insurance for the District, Audit expenses and various annual contracts are detailed in the CDD budget listed under Financials |