Falcon Trace 
Community Development District 
Proposed Budget 
FY 2025

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Table of Contents 
General Fund 
Capital Reserve Fund 
General Fund Narrative

Adopted Actuals Projected Description FBYu2d0g2e4t 1/T3h1r/u24 8 MNoenxtths P9r/oT3jhe0rc/ut2e4d PFBrYou2pd0og2see5td 
REVENUES: 
Maintenance Assessments $355,855 $130,933 $224,922 $355,855 $355,855 
Miscellaneous Income $500 $530 $0 $530 $500 
Interest Income $1,500 $3,511 $0 $3,511 $1,500 
Carry Forward Balance $136,577 $178,149 $0 $178,149 $ 79,824 
TOTAL REVENUES $ 494,432 $ 313,123 $ 224,922 $ 538,045 $ 437,679 
EXPENDITURES: 
Administrative: 
Supervisors Fees $8,000 $1,800 $6,200 $8,000 $8,000 
FICA Expense $612 $138 $474 $612 $612 
Engineering Fees $1,000 $0 $667 $667 $1,000 
Assessment Roll $5,000 $5,000 $0 $5,000 $5,250 
Attorney Fees $25,000 $2,508 $16,667 $19,174 $25,000 
Annual Audit $2,950 $0 $2,950 $2,950 $2,950 
Management Fees $60,946 $20,315 $40,630 $60,946 $63,993 
Information Technology $1,458 $486 $972 $1,458 $1,530 
Website Maintenance $795 $265 $530 $795 $835 
Telephone $50 $0 $33 $33 $50 
Postage $800 $23 $533 $556 $800 
Printing and Binding $600 $32 $400 $432 $600 
Insurance $14,034 $13,205 $0 $13,205 $14,736 
Legal Advertising $2,500 $0 $1,667 $1,667 $2,500 
Contingency $2,000 $92 $1,333 $1,426 $2,000 
Property Appraiser $1,000 $0 $1,000 $1,000 $1,000 
Office Supplies $350 $309 $233 $542 $350 
Dues, Licenses, & Subscriptions $175 $175 $0 $175 $175 
TOTAL ADMINISTRATIVE $ 127,269 $ 44,347 $ 74,290 $ 118,637 $ 131,381 
Falcon Trace 
Community Development District 
Proposed Budget 
General Fund 
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Adopted Actuals Projected Description FBYu2d0g2e4t 1/T3h1r/u24 8 MNoenxtths P9r/oT3jhe0rc/ut2e4d PFBrYou2pd0og2see5td 
Falcon Trace 
Community Development District 
Proposed Budget 
General Fund 
Maintenance: 
Field Management $22,840 $7,613 $15,226 $22,840 $23,982 
Property Insurance $14,987 $14,669 $0 $14,669 $15,402 
Pool Staff Payroll $88,030 $13,889 $58,686 $72,575 $90,671 
Security $1,500 $367 $1,000 $1,367 $1,500 
Telephone Expense $3,175 $1,005 $2,117 $3,122 $3,187 
Electric $21,420 $5,362 $14,280 $19,642 $22,491 
Irrigation/Water $15,593 $2,900 $10,395 $13,295 $15,593 
Lake Maintenance $10,290 $2,600 $6,860 $9,460 $10,290 
Pest Control $683 $0 $455 $455 $683 
Pool Maintenance $33,902 $5,899 $22,601 $28,500 $34,000 
Grounds Maintenance $39,230 $11,832 $26,153 $37,985 $37,500 
General Facility Maintenance $35,000 $14,063 $23,333 $37,396 $35,000 
Refuse Service $10,000 $1,335 $6,667 $8,002 $10,000 
Field Contingency $6,000 $0 $4,000 $4,000 $6,000 
TOTAL MAINTENANCE $ 302,648 $ 81,534 $ 191,775 $ 273,309 $ 306,298 
Other Sources/(Uses) 
Transfer Out - Capital Reserve $64,514 $0 $64,514 $64,514 $0 
TOTAL OTHER SOURCES/(USES) $ 64,514 $ - $ 64,514 $ 64,514 $ - 
TOTAL EXPENDITURES $ 494,432 $ 125,882 $ 330,578 $ 456,460 $ 437,679 
EXCESS REVENUES (EXPENDITURES) $ - $ 187,241 $ (105,656) $ 79,824 $ - 
FY 24 FY 25 Increase 
Net Assessments $355,855 $355,855 ($0) 
Add: Discounts & Collections (6%) $22,714 $22,714 ($0) 
Gross Assessments $378,569 $378,569 ($0) 
Total Units 902 902 902 
Gross Per Unit Assessment $ 419.70 $ 419.70 $ (0.00) 
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FALCON TRACE 
COMMUNITY DEVELOPMENT DISTRICT 
GENERAL FUND BUDGET 
REVENUES: 
MAINTENANCE ASSESSMENTS 
The District will levy a Non-Ad Valorem assessment on all of the assessable property within the District in order 
to pay for the operating expenditures during the fiscal year. 
MISCELLANEOUS INCOME 
The District will receive income from guest fees, including rental income and pool access cards. 
INTEREST INCOME 
The District earns interest income on their operating accounts and other investments. 
EXPENDITURES: 
ADMINISTRATIVE: 
SUPERVISORS FEES 
The Florida Statutes allows each supervisor to be paid per meeting, for the time devoted to District business and 
board meetings. The amount for the fiscal year is based upon 5 supervisors attending 8 monthly meetings. 
FICA EXPENSE 
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors 
checks. 
ENGINEERING FEES 
Estimated cost for providing general engineering services to the District on an as needed basis as directed by the 
Board of Supervisors. 
ASSESSMENT ROLL 
The District has contracted with Governmental Management Services – Central Florida, LLC. to levy and 
administer the collection of a Non-Ad Valorem assessment on all assessable property within the District. 
ATTORNEY FEES 
The District's attorney, Kutak Rock LLP, provides general legal services to the District, e.g., attendance and 
preparation for monthly meetings, reviewing contracts, agreements, resolutions, etc. as directed by the Board of 
Supervisors and the District Manager. 
ANNUAL AUDIT 
The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual 
basis. The District’s auditing firm is Grau & Associates. 
MANAGEMENT FEES 
The District has contracted with Governmental Management Services-Central Florida, LLC to provide 
Management, Accounting and Recording Secretary Services for the District. The services include, but not limited 
to, recording and transcription of board meetings, administrative services, budget preparation, all financial 
reporting, annual audits, etc. 
INFORMATION TECHNOLOGY Represents various cost of information technology for the District such as cepltrocou. tGdeoc tvsietoornnr,a mgeean cctaaonlud Mn tasinneragvg eermsso,e ftnpwto aSsreietri,vv iec teaspb-aClyee tnsi tmrapflol eFrm loermindetaae,t tLiionLngC s, ,ap nrdoAv dipodrbeoesg ,t r hvaeiMmdseeimc osri enocrosgvon ifffcteoe rrse .O nfrfcfaiincuged,, 
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FALCON TRACE 
COMMUNITY DEVELOPMENT DISTRICT 
GENERAL FUND BUDGET 
WEBSITE MAINTENANCE Represents the costs associated with monitoring and maintaining the District’s asbecacccuokrrudiptaysn ,a cenetdc w. fGiirtohevw Cearhnlalm pmteeanrin t1at8le 9Mn,a aFnnlcoaerg,i eudmpa deSantatte tSuse,t rdevsoi.c cTuehsm-eCesenen ts tuerrpavllo iFcaeldossr i,in dhcaol,us LtdiLneC gs, iaptnero dpv edirdofemo wsra mteihbnaes nrsietecene s eceawrrsevsaaeilctssee,s dswm. ieenbn stsit,e 
TELEPHONE 
The District incurs charges for telephone and facsimile services. 
POSTAGE 
Mailing of Board meeting agenda packages, overnight deliveries, checks for vendors and any other required 
correspondence. 
PRINTING AND BINDING 
Printing and binding agenda packages for board meetings, printing of computerized checks, correspondence, 
stationary, etc. 
INSURANCE 
The District’s general liability and public officials’ liability insurance coverage is provided by the Florida 
Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies. 
LEGAL ADVERTISING 
Advertising of monthly board meetings, public hearings, and any services that are required to be advertised for 
public bidding, i.e. audit services, engineering service, maintenance contracts and any other advertising that may 
be required. 
CONTINGENCY 
Represents estimated bank charges and any other miscellaneous charges that the District may incur during the 
fiscal year. 
PROPERTY APPRAISER 
Represents the fees to be paid to the Orange County Property Appraiser’s office for assessment administration 
services. 
OFFICE SUPPLIES 
The District incurs charges for supplies that need to be purchased during the fiscal year, including copier and 
printer toner cartridges, paper, file folders, binders, pens, paper clips, and other such office supplies. 
DUES, LICENSES, & SUBSCRIPTIONS 
The District is required to pay an annual fee to the Department of Economic Opportunities for $175. This is the 
only expense under this category for the District. 
MAINTENANCE: 
FIELD MANAGEMENT 
Provide onsite field management of contracts for the District per the management consulting contract with 
Governmental Management Services - Central Florida, LLC. Services to include onsite inspections, meetings 
with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner 
phone calls and emails. 
PROPERTY INSURANCE 
The District’s property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in 
providing insurance coverage to governmental agencies. 
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FALCON TRACE 
COMMUNITY DEVELOPMENT DISTRICT 
GENERAL FUND BUDGET 
POOL STAFF PAYROLL 
The District has contracted with Community Associations and Lifestyle Management, LLC, to hire and supervise 
pool attendants; coordinate all facility operations and be the contact point for answering questions and solving 
problems for residents. Account line includes staff hours for the fiscal year, all related benefits, and a contingency 
for projects and a pay increase. 
SECURITY 
This represents the cost of monthly monitoring of the security system to the recreation center. 
MONTHLY ANNUAL 
DESCRIPTION AMOUNT AMOUNT 
SAFETOUCH $84 $1,007 
CONTINGENCY $493 
$1,500 
TELEPHONE EXPENSE 
This fee represents telephone and facsimile charges for the recreational facility. 
MONTHLY ANNUAL 
DESCRIPTION AMOUNT AMOUNT 
BRIGHTHOUSE - ACCOUNT # 0050710061-01 $253 $3,036 
CONTINGENCY $151 
$3,187 
ELECTRIC 
The District has electrical accounts with Duke Energy for the recreation facility and other District areas. 
IRRIGATION/WATER 
This item represents utility service costs for water and wastewater 
MONTHLY ANNUAL 
DESCRIPTION AMOUNT AMOUNT 
ORANGE COUNTY UTILITIES - ACCOUNT # 0038166200 $894 $10,727 
CONTINGENCY $4,866 
$15,593 
LAKE MAINTENANCE 
Maintenance consists of treatment of the lake edge on the pond area by the recreation center. Costs are based on 
estimated service costs. 
MONTHLY ANNUAL 
DESCRIPTION AMOUNT AMOUNT 
AQUATIC WEED MANAGEMENT $650 $7,800 
ADDITIONAL TREATMENTS $2,490 
$10,290 
MONTHLY ANNUAL 
DESCRIPTION AMOUNT AMOUNT 
DUKE ENERGY - ACCOUNT # 63686 18371 
CONTINGENCY $1,7 85 
$21,420 
$1,071 
$22,491 
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FALCON TRACE 
COMMUNITY DEVELOPMENT DISTRICT 
GENERAL FUND BUDGET 
PEST CONTROL 
Scheduled maintenance consists of monthly interior and exterior service at Big Hawk Lake recreation center. 
POOL MAINTENANCE 
Scheduled maintenance consists of maintaining the pool, maintaining the chlorine balance in the pool, and 
monthly purchase of a CO2 tank. Unscheduled maintenance consists of shocking the pool, extra chlorine 
treatments, or unforeseen repairs. 
MONTHLY ANNUAL 
DESCRIPTION AMOUNT AMOUNT 
ROBERTS POOL SERVICE AND REPAIR INC $750 $9,000 
POOL MAINTENANCE & CHEMICALS $12,000 
CONTINGENCY $13,000 
$34,000 
GROUNDS MAINTENANCE 
Scheduled maintenance consists of mowing turf, landscape maintenance, trash pickup on the common areas, and 
all regular landscaping maintenance activities. Unscheduled maintenance consists of repairs or replacement of 
damaged areas. 
ANNUAL 
DESCRIPTION AMOUNT 
BLADE RUNNERS COMMERCIAL LANDSCAPING $35,500 
IRRIGATION REPAIRS $2,000 
$37,500 
GENERAL FACILITY MAINTENANCE 
Scheduled maintenance consists of cleaning the recreation center, replacing light bulbs for the tennis courts, 
performing any necessary general maintenance, painting, electrical and plumbing repairs, and repairing any other 
damages. 
REFUSE SERVICE 
Scheduled maintenance consists of regular trash removal. 
FIELD CONTINGENCY 
The current year contingency represents the potential excess of unscheduled maintenance expenses not included 
in budget categories or not anticipated in specific line items. 
OTHER SOURCES AND USES: 
TRANSFER OUT - CAPITAL RESERVE 
Excess funds transfer out to Capital Reserve fund. 
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Adopted Actuals Projected Description FBYu2d0g2e4t 1/T3h1r/u24 8 MNeoxntths P9r/To3jhe0rc/ut2e4d PFBrYou2pd0og2see5td REVENUES: IBnetgeirnensitng Fund Balance $191,3$6590 $233,33$48 $$05 $233,3$3143 $256,5$5570 TOTAL REVENUES $ 191,419 $ 233,341 $ 5 $ 233,346 $ 256,607 
EXPENDITURES: FLPPMlaaaoinirsonckdretisiinlnnclgaagg npLeeoo tI umSseparlionvgements $$$$1111$00556,,,,,000000000000000 $6$,3105$$$23000 $$11$059,,,008004$$00800 $$$111$0056,,,,00030000$00030 $$$111005,,,000000$$00000 TOTAL EXPENDITURES $ 56,000 $ 6,455 $ 34,848 $ 41,303 $ 35,000 
OTHER SOURCES/(USES) Transfer In - General Fund $64,514 $0 $64,514 $64,514 $0 TOTAL OTHER SOURCES/(USES) $64,514 $0 $64,514 $64,514 $0 
EXCESS REVENUES $ 199,933 $ 226,886 $ 29,671 $ 256,557 $ 221,607 
Falcon Trace 
Community Development District 
Proposed Budget 
Capital Reserve 
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