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Lake MSTU Financial Impacts and Adjustments

Environmental Protection Division. Lake MSTU Financial Impacts and Adjustments. Orange County Board of County Commissioners. February 24, 2009. Agenda. MSTU Background Financial Status Proposed Changes Next Steps. Agenda. MSTU Background Financial Status Proposed Changes

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Lake MSTU Financial Impacts and Adjustments

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  1. Environmental Protection Division Lake MSTU Financial Impacts and Adjustments Orange County Board of County Commissioners February 24, 2009

  2. Agenda • MSTU Background • Financial Status • Proposed Changes • Next Steps

  3. Agenda • MSTU Background • Financial Status • Proposed Changes • Next Steps

  4. MSTU Background • The management of lakes in Orange County is funding exclusively through the MSTU/BU mechanism. • EPD manages all of the lake MSTU funds, budgets, projects, aquatic plant management services and corresponding lake advisory boards.

  5. MSTU Background Currently established • Lake Jessamine • Lake Holden • Little Lake Fairview • Lake Killarney • Lake Mary Jess • South Lake Fairview • Lake Waumpi • Lake Sue • Bass Lake • Lake Pickett • Big Sand Lake • Lake Price • Lake Jean • Lake Irma • Big Lake Fairview • Lake Ola • Lake Conway* • Lake Pickett • Big Sand Lake • Lake Marilyn • Lake Lawne • Lake Whippoorwill • Asbury Canal • Lake Horseshoe • Butler Chain* * Legislatively created lake taxing districts Community requested, awaiting creation • Lake Susannah • Lake LaGrange • Lake Roberts • Lake Hiawassee • Crystal Lake • Lake Lovely • Lake Olivia • Lake Hart • Lake Mary Jane

  6. Agenda • MSTU Background • Financial Status • Proposed Changes • Next Steps

  7. Financial Status • Every year EPD staff evaluates the current and future needs of each lake MSTU. • Staff determines if revenues are sufficient to meet the expected service needs.

  8. Financial Status The 5 lake MSTU’s that will not be able to meet their financial obligations are: * MSTU was created during the “Tax Reform” period and a millage rate was never enacted.

  9. Agenda • MSTU Background • Financial Status • Proposed Changes • Next Steps

  10. Proposed Changes The proposed changes to the existing Lake MSTU millage rates are as follows:

  11. Agenda • MSTU Background • Financial Status • Proposed Changes • Next Steps

  12. Next Steps Proposed changes will be part of the upcoming BCC budget discussions.

  13. Environmental Protection Division 800 Mercy Drive Orlando, Florida 32808 407.836.1400 FAX 407.836.1499

  14. Proposed MSTU Changes Annual Financial Obligations: • Mary Jess: • Aquatic Plant Mgmt. $6,000 • Pond Maintenance $3,000 • Total: $9,000 • Current Revenues $5,368 • Lake Killarney: • Aquatic Plant Mgmt. $3,000 • Inlet Filter Maint. $5,200 • $8,200 • Current Revenues $0 • Lake Ola: • Aquatic Plant Mgmt. $20,000 • 5 yr APM Reserve* $20,000 • Total: $40,000 • Current Revenues $0 • Bass Lake: • Aquatic Plant Mgmt. $6,500 • Inlet Filter Maint. $2,200 • Aeration System $1,500 • $9,200 • Current Revenues $6,506 • Little Lake Fairview: • Aquatic Plant Mgmt. $5,000 • Aeration System $2,300 • Total: $7,300 • Current Revenues $0 * Community requested

  15. Proposed MSTU Changes Scheduled Project Obligations: • Mary Jess: • Current Fund Balance $43,000 • Orange Avenue Pond. $40,000 • Working Balance:$3,000 • Lake Killarney : • Current Fund Balance $129,000 • ’09 Hydrilla Treatment $65,000 • Curb/Grate Inlet Filters $46,000 • $18,000 • No millage income • Lake Ola: • Current Fund Balance. $0.0 • ‘09 Hydrilla Treatment $18,000 • Working Balance: -$18,000 • No millage income • Bass Lake: • Current Fund Balance $32,000 • Curb/Grate Inlet Filters $6,000 • $26,000 • Little Lake Fairview: • Current Fund Balance $53,000 • ’09 Hydrilla Treatment $24,000 • Working Balance: $29,000 • No millage income

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