Pier Park Community Development District
http://pierparkcdd.org

Amended Budget for Fiscal Year 2018/2019
Adopted, November 12, 2018

Presented by: Rizzetta & Company, Inc.

120 Richard Jackson Blvd Suite 220
Panama City Beach, Florida 32407 Phone: 850-334-9055

rizzetta.com

Chart of Accounts Classification	
Budget for 2018/2019	
		
REVENUES		
		
Contributions & Donations from Private Sources		
Pier Park Owners Association	$	336,036	
		
TOTAL REVENUES	$	336,036	
		
Balance Forward from Prior Year	$	-	
		
TOTAL REVENUES AND BALANCE FORWARD	$	336,036	

EXPENDITURES - ADMINISTRATIVE		
		
Legislative		
Supervisor Fees	$	3,200	
Financial & Administrative		
Administrative Services	$	9,013	
District Management	$	29,500	
District Engineer	$	1,200	
Trustees Fees	$	3,500	
Financial & Revenue Collections	$	5,000	
Accounting Services	$	16,600	
Auditing Services	$	5,000	
Arbitrage Rebate Calculation	$	600	
Travel	$	500	
Public Officials Liability Insurance	$	3,025	
Legal Advertising	$	1,000	
Dues, Licenses & Fees	$	175	
Website Hosting, Maintenance, Backup (and	$	2,100	
Legal Counsel		
District Counsel	$	20,000	
		
Administrative Subtotal	$	100,413	
		
EXPENDITURES - FIELD OPERATIONS		
		
Electric Utility Services		
Utility Services	$	26,500	
Water-Sewer Combination Services		
Utility Services	$	13,500	
Stormwater Control		
Stormwater Assessment	$	34	
Aquatic Maintenance	$	5,180	
Lake/Pond Bank Maintenance	$	4,000	
Other Physical Environment		
General Liability/Property Insurance	$	4,632	
Entry & Walls Beach Ball Maintenance	$	5,000	
Landscape Maintenance	$	55,278	
Oak Tree Trimming Services	$	8,000	
Irrigation Maintenance	$	7,210	
Irrigation Repairs	$	5,000	
Landscape Tree Service	$	12,500	
Landscape Replacement Plants, Shrubs, Trees	$	6,200	
Annual Mulching	$	26,025	
Palm Fertilization	$	100	
Contract Seasonal Maintenance Services	$	5,775	

Chart of Accounts Classification	
Budget for 2018/2019	
Miscellaneous Expense	$	3,000	
Road & Street Facilities		
Street/ Parking Lot Sweeping	$	11,500	
Street Light Decorative Light Maintenance	$	8,050	
Sidewalk Repair & Maintenance	$	10,300	
Parking Lot Repair & Maintenance	$	5,000	
Parks & Recreation		
Management Contract	$	11,408	
Contingency		
Miscellaneous Contingency	$	1,431	
		
Field Operations Subtotal	$	235,623	
		
Contingency for County TRIM Notice		
		
TOTAL EXPENDITURES	$	336,036	
		
EXCESS OF REVENUES OVER EXPENDITURES	$	-	

Chart of Accounts Classification	
Budget for 2018/2019	
Amended Budget for 2018/2019	
			
REVENUES			
			
Local Business Tax Revenue			
Occupational License Tax Revenue	$	319,936	$	1,119,936	

TOTAL REVENUES	$	319,936	$	1,119,936	
			
Balance Forward from Prior Year	$	-	$	-	
			
TOTAL REVENUES AND BALANCE FORWARD	$	319,936	$	1,119,936	

EXPENDITURES - ADMINISTRATIVE			
			
Accounting Services	$	11,000	$	11,000	
Promissory Note Payment		$	800,000	
			
Administrative Subtotal	$	11,000	$	811,000	
			
EXPENDITURES - FIELD OPERATIONS			
			
Stormwater Control			
Aquatic Maintenance	$	2,220	$	2,220	
Lake/Pond Bank Maintenance	$	1,500	$	1,500	
Other Physical Environment			
General Liability/Property Insurance	$	10,808	$	10,808	
Oak Tree Trimming Services	$	5,000	$	5,000	
Landscape - Mulch	$	10,797	$	10,797	
Landscape Tree Service	$	13,035	$	13,035	
Road & Street Facilities			
Street/ Parking Lot Sweeping	$	10,500	$	10,500	
Street Light Decorative Light Maintenance	$	3,450	$	3,450	
Parking Lot Repair & Maintenance	$	15,000	$	15,000	
Parks & Recreation			
Management Contract	$	25,922	$	25,922	
Park Landscape Maintenance	$	41,357	$	41,357	
Park Landscape Replacement Plants, Shrubs,	$	4,000	$	4,000	
Beachfront Improvement Landscape	$	4,090	$	4,090	
Beachfront Improvement Landscape Replace	$	2,500	$	2,500	
Park Restroom Maintenance Contract	$	18,500	$	18,500	
Park Restroom Repair & Maintenance	$	4,000	$	4,000	
Beachfront Janitorial Service	$	35,000	$	35,000	
Beachfront Janitorial Supplies	$	5,000	$	5,000	
Beachfront Improvement Repairs	$	10,000	$	10,000	
Beachfront Improvement/Capital Improvement	$	8,000	$	8,000	
Beachfront Improvement Electrical Utlity	$	4,500	$	4,500	
Beachfront Improvement Water/Sewer	$	5,000	$	5,000	
Beachfront Improvement Irrigation Repairs	$	2,000	$	2,000	
Park Irrigation Repairs & Maintenance	$	2,500	$	2,500	
Park Irrigation Inspection Contract	$	5,408	$	5,408	
Park Solid Waste Removal	$	2,500	$	2,500	
Park Recreational Equipment	$	4,800	$	4,800	
Contingency			
Miscellaneous Contingency	$	51,549	$	51,549	
			
Field Operations Subtotal	$	308,936	$	308,936	

Chart of Accounts Classification	
Budget for 2018/2019	
Amended Budget for 2018/2019	
			
Contingency for County TRIM Notice			
			
TOTAL EXPENDITURES	$	319,936	$	1,119,936	
			
EXCESS OF REVENUES OVER EXPENDITURES	$	-	$	-	

Budget Template	
Pier Park Community Development District	
Debt Service	
Fiscal Year 2018/2019	

Chart of Accounts Classification	Series 2014	Budget for 2018/2019	
			
REVENUES			
Special Assessments	$1,135,009.00	$1,135,009.00	
			
TOTAL REVENUES	$1,135,009.00	$1,135,009.00	

EXPENDITURES			
Administrative			
Financial & Administrative			
Bank Fees		$0.00	
Debt Service Obligation	$1,135,009.00	$1,135,009.00	
Administrative Subtotal	$1,135,009.00	$1,135,009.00	
Principal Balloon Payment			
TOTAL EXPENDITURES	$1,135,009.00	$1,135,009.00	
			
EXCESS OF REVENUES OVER EXPENDITURES	$0.00	$0.00