Comprehensive Annual Financial Report on

Village Center Community Development

[Name of Author]

[Name of Subject]

[Date]

Village Center Community Development

Introduction

The Village Center Community Development District (VCCDD) is an age-limited retirement region located in Sumter County, Florida of the United States of America. A community development district (CDD) is an institution made by the government that provides services on a long term to fulfill the requirements of the community. The main powers that are by this institution include planning, financing, construction, operation, and maintenance of infrastructure within the vicinity of the community for the benefits for the community residents (Resolution 2009).

The CDD provides various services to the respective community such as recreation, facilities, and infrastructure to maintain quality of life. The objectives of the institution are managing storm water, recreation, event management, maintenance, water supply, waste management, security, and street lights. The CDD is following regulations of the board of supervisors elected by the people in the district. The business activities incorporated by the institution are called 'Sunshine.' This is defined as having all paperwork including meetings and records available for access to the public (FAQ 2012).

The VCCDD manages utility services such as water and waste management, recreation, protection services, healthcare services, and fire rescue services to all the residents in the region. The cost of all the activities is financed by expenses paid monthly by the residents. The main benefits gained by the recipients in this community include public facilities, development of infrastructure in the region, and review the selection or elect new board of supervisors who evaluate the services being provided compared to the budget. In order to further understand the effectiveness of the institution, VCCDD is analyzed in terms of political, social, and cultural influences (FAQ 2012).

Discussion

Political Influences

In terms of political influence, the institution follows the motto of 'for the people, by ...