Talk of The Villages Florida - View Single Post - Steep increases in PWAC funding attributed to Community Development District 12

Bogie Shooter · 07-21-2018, 11:45 AM

Quote:

Originally Posted by Goldwingnut

The Project Wide Fund actually works in all of our favor in the long run. Because of the way the allocation process is set up nearly all of the monies contributed by each district are utilized to maintain the areas within the respective district.

What the PWF allows for is simplification of budgeting and allows the combined districts requirements to take advantage of the economies of scale of letting one large contract for a service instead of 10 smaller contract. This also allows for a consistency of service between the districts. The fact that the majority of the maintenance funding for each district goes to the PWF shows that we are able to take advantage of these economies for a majority of the services.

The other way that the PWF works in each districts' favor is for the maintenance of common properties and special projects. If a piece of district property has an expense the cost is distributed among all the districts. For example, if a pumping station in your district, CDD10, were to take a lighting hit that destroyed the pump, building, and emergency generator causing $500K of damage, CDD10 would not absorb all of this cost, it would come out of the PWF and all the districts would in essence would pay a proportionate share of the costs. An example of a special project would be the golf cart traffic light at the Colony area, this is in CDD7 but obviously residents from other districts reap the benefits of the traffic light, so the costs are shared by all. Year-for-year, each district does not receive back 100% of their contribution to the PWF, some years it will be more than 100%, some years less.

The need for the PWF goes back to the essential requirement that all no district (and its residents) would be unfairly burdened or advantaged at the expense of another. Without these interlocal governmental agreements the need for special maintenance assessments in each district would become commonplace every time an additional expense comes up.

Thank you for your fact based posts. It is refreshing to not read, "I think" or "maybe" based posts.
BTW your videos are fantastic!!