Falcon Trace 
Community Development District 
Adopted Budget 
FY 2027

1-2 
3-7 
8 
Table of Contents 
General Fund 
Capital Reserve Fund 
General Fund Narrative

Adopted Actuals Projected Description FBYu2d0g2e6t 5/T3h1r/u26 4 MNoenxtths P9r/oT3jhe0rc/ut2e6d AFBdYu2odp0gt2ee7td 
REVENUES: 
Maintenance Assessments $355,855 $336,616 $19,239 $355,855 $355,855 
Miscellaneous Income $500 $1,580 $527 $2,107 $500 
Interest Income $4,168 $6,199 $2,066 $8,265 $4,133 
Carry Forward Balance $94,827 $232,630 $0 $232,630 $219,312 
TOTAL REVENUES $ 455,350 $ 577,025 $ 21,832 $ 598,857 $ 579,799 
EXPENDITURES: 
Administrative: 
Supervisors Fees $8,000 $3,985 $2,000 $5,985 $8,000 
FICA Expense $612 $291 $153 $444 $612 
Engineering Fees $1,000 $0 $500 $500 $1,000 
Assessment Roll $5,408 $5,408 $0 $5,408 $5,678 
Attorney Fees $25,000 $11,008 $5,504 $16,512 $25,000 
Annual Audit $3,150 $3,150 $0 $3,150 $3,350 
Management Fees $65,913 $43,942 $21,972 $65,914 $69,209 
Information Technology $1,576 $1,051 $524 $1,575 $1,655 
Website Maintenance $860 $573 $288 $861 $903 
Telephone $50 $0 $17 $17 $50 
Postage $800 $197 $204 $401 $800 
Printing & Binding $600 $90 $156 $246 $600 
Insurance $15,543 $14,978 $0 $14,978 $17,225 
Legal Advertising $2,500 $428 $1,250 $1,678 $2,500 
Contingency $2,000 $288 $260 $548 $2,000 
Property Appraiser $1,000 $0 $1,000 $1,000 $1,000 
Office Supplies $350 $290 $60 $350 $350 
Dues, Licenses, & Subscriptions $175 $175 $0 $175 $175 
TOTAL ADMINISTRATIVE $ 134,536 $ 85,853 $ 33,888 $ 119,741 $ 140,107 
Falcon Trace 
Community Development District 
Adopted Budget 
General Fund 
1

Adopted Actuals Projected Description FBYu2d0g2e6t 5/T3h1r/u26 4 MNoenxtths P9r/oT3jhe0rc/ut2e6d AFBdYu2odp0gt2ee7td 
Falcon Trace 
Community Development District 
Adopted Budget 
General Fund 
Maintenance: 
Field Management $24,701 $16,467 $8,234 $24,701 $25,936 
Property Insurance $18,770 $16,471 $0 $16,471 $18,942 
Pool Staff Payroll $93,391 $25,537 $31,130 $56,667 $98,061 
Security $1,575 $730 $368 $1,098 $1,575 
Telephone Expense $3,043 $2,279 $1,212 $3,491 $3,452 
Electric $22,491 $11,931 $7,604 $19,535 $25,000 
Irrigation/Water $15,593 $6,688 $4,132 $10,820 $13,800 
Lake Maintenance $10,290 $5,850 $2,600 $8,450 $10,290 
Pest Control $683 $0 $228 $228 $717 
Irrigation Expenses $0 $419 $0 $419 $0 
Pool Maintenance $10,710 $13,627 $3,570 $17,197 $12,000 
Pool Chemicals & Repairs $23,192 $7,308 $5,748 $13,056 $24,352 
Grounds Maintenance $39,375 $24,691 $11,832 $36,523 $41,344 
General Facility Maintenance $35,000 $22,001 $12,999 $35,000 $35,000 
Refuse Service $10,000 $4,386 $3,333 $7,719 $19,200 
CDD Sponsored Events $6,000 $544 $5,456 $6,000 $6,000 
Pressure Washing $0 $0 $0 $0 $7,500 
Fire Maintenance $0 $0 $0 $0 $525 
Field Contingency $6,000 $428 $2,000 $2,428 $6,000 
TOTAL MAINTENANCE $ 320,814 $ 159,359 $ 100,445 $ 259,804 $ 349,693 
Other Sources/(Uses) 
Transfer Out - Capital Reserve $0 $0 $0 $0 $90,000 
TOTAL OTHER SOURCES/(USES) $ - $ - $ - $ - $ 90,000 
TOTAL EXPENDITURES $ 455,350 $ 245,212 $ 134,333 $ 379,545 $ 579,799 
EXCESS REVENUES (EXPENDITURES) $ - $ 331,813 $ (112,501) $ 219,312 $ - 
FY 26 FY 27 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 $ - 
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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. 
CARRY FORWARD Represents amount used to offset the District’s fiscal year expenditure. 
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 Dibartolomeo, McBee, Hartley & Barnes, P.A. 
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. 
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FALCON TRACE 
COMMUNITY DEVELOPMENT DISTRICT 
GENERAL FUND BUDGET 
INFORMATION TECHNOLOGY 
Represents various cost of information technology for the District such as video conferencing, cloud storage and 
servers, positive pay implementation and programming for fraud protection, accounting software, tablets for 
meetings, Adobe, Microsoft Office, etc. Governmental Management Services-Central Florida, LLC, provides 
these services. 
WEBSITE MAINTENANCE 
Represents the costs associated with monitoring and maintaining the District’s website created in accordance 
with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall 
maintenance, updates, document uploads, hosting and domain renewals, website backups, etc. Governmental 
Management Services-Central Florida, LLC, provides these services. 
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 & 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 
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FALCON TRACE 
COMMUNITY DEVELOPMENT DISTRICT 
GENERAL FUND BUDGET 
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. 
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 $89 $1,068 
CONTINGENCY $507 
$1,575 
TELEPHONE EXPENSE 
This fee represents telephone and facsimile charges for the recreational facility. 
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 $906 $10,872 
CONTINGENCY $2,928 
$13,800 
MONTHLY ANNUAL 
DESCRIPTION AMOUNT AMOUNT 
BRIGHTHOUSE - ACCOUNT # 0050710061-01 $274 $3,288 
CONTINGENCY $164 
$3,452 
MONTHLY ANNUAL 
DESCRIPTION AMOUNT AMOUNT 
DUKE ENERGY - ACCOUNT # 63686 18371 
CONTINGENCY 
$1,8 01 $21,612 
$3,388 
$25,000 
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FALCON TRACE 
COMMUNITY DEVELOPMENT DISTRICT 
GENERAL FUND BUDGET 
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 
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 $950 $11,400 
CONTINGENCY $600 
$12,000 
POOL CHEMICALS & REPAIRS 
Represents unscheduled maintenance consisting of shocking the pool, extra chlorine treatments, or unforeseen 
repairs. 
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 $5,844 
$41,344 
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. 
CDD SPONSORED EVENTS 
Represents funds allocated for events sponsored by the District. 
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FALCON TRACE 
COMMUNITY DEVELOPMENT DISTRICT 
GENERAL FUND BUDGET 
PRESSURE WASHING 
Costs to pressure wash CDD sidewalks, curbs, sporting courts, clubhouse, pool deck, lake dock deck, and a small 
contingency for spot treatments as needed. 
FIRE MAINTENANCE 
Costs to have fire related devices tested & certified; cost of annual inspection conducted by the Fire Marshal. 
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 FBYu2d0g2e6t 5/T3h1r/u26 4 MNeoxntths P9r/To3jhe0rc/ut2e6d AFBdYu2odp0gt2ee7td REVENUES: IIBnnettgeeirrneenssittn I-gn S cFBouAmnde Balance $177,6$25$800 $21$22$,,868967449 $$2889$380 $21$$213,,,815957423 $18$21$,,457278166 TOTAL REVENUES $ 177,678 $ 216,438 $ 1,181 $ 217,619 $ 184,783 
EXPENDITURES: LPPPPMaaoooiniooosncdlll etFRDsilncoleeaaguscnpukneer dRo fIaauemtcssiiuopnnrrgfo aIvnceijnemcgetinotnss $$$111005,,,000000$$$000000 $19$$$$$800000 $$$111005,,,000000$$$000000 $$$111005,,,001009$$$008000 $$$$11230355,,,,00000000$$000000 TOTAL EXPENDITURES $ 35,000 $ 198 $ 35,000 $ 35,198 $ 83,000 
OTHER SOURCES/(USES) Transfer In - General Fund $0 $0 $0 $0 $90,000 TOTAL OTHER SOURCES/(USES) $0 $0 $0 $0 $90,000 
EXCESS REVENUES $ 142,678 $ 216,240 $ (33,819) $ 182,421 $ 191,783 
Falcon Trace 
Community Development District 
Adopted Budget 
Capital Reserve 
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