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

Amended Budget for Fiscal Year 2020-2021

Presented by: Rizzetta & Company, Inc.

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

rizzetta.com

Chart of Accounts Classification	
Budget for 2020/2021	
		
REVENUES		
		
Local Business Tax Revenue		
Occupational License Tax Revenue	$ 1,116,549	
		
TOTAL REVENUES	$ 1,116,549	
		
Balance Forward from Prior Year	$	-	
		
TOTAL REVENUES AND BALANCE FORWARD	$ 1,116,549	
		
EXPENDITURES - ADMINISTRATIVE		
		
Financial & Administrative		
Accounting Services	$	11,377	
Debt Service		
Promissory Note Payment	$	800,000	
		
Administrative Subtotal	$	811,377	
		
EXPENDITURES - FIELD OPERATIONS		
		
Stormwater Control		
Lake/Pond Bank Maintenance	$	618	
Aquatic Maintenance	$	2,221	
Other Physical Environment		
General Liability/Property Insurance	$	11,024	
Landscape - Mulch	$	10,797	
Oak Tree Trimming Services	$	3,500	
Landscape Tree Service	$	13,035	
Road & Street Facilities		
Street Light Decorative Light Maintenance	$	8,250	
Parking Lot Repair & Maintenance	$	10,000	
Street/ Parking Lot Sweeping	$	10,500	

Chart of Accounts Classification	
Budget for 2020/2021	
Parks & Recreation		
Management Contract	$	25,922	
Park Landscape Maintenance	$	41,357	
Park Landscape Replacement Plants, Shrubs,	$	2,000	
Beachfront Improvement Landscape	$	4,090	
Beachfront Improvement Landscape Replace	$	2,500	
Park Restroom Maintenance Contract	$	19,000	
Park Restroom Repair & Maintenance	$	4,250	
Beachfront Janitorial Service	$	39,000	
Beachfront Janitorial Supplies	$	7,750	
Beachfront Improvement Repairs	$	10,000	
Beachfront Improvement/Capital Improvement	$	8,000	
Beachfront Improvement Electrical Utlity	$	3,300	
Beachfront Improvement Water/Sewer	$	7,500	
Beachfront Improvement Irrigation Repairs	$	2,000	
Park Irrigation Repairs & Maintenance	$	1,250	
Park Irrigation Inspection Contract	$	5,408	
Park Solid Waste Removal	$	2,700	
Park Recreational Equipment	$	4,800	
Contingency		
Miscellaneous Contingency	$	44,399	
		
Field Operations Subtotal	$	305,172	

TOTAL EXPENDITURES	$ 1,116,549	
		
EXCESS OF REVENUES OVER	$	-	

Chart of Accounts Classification	
Budget for 2020/2021	
Proposed Budget Amendment	
			
REVENUES			
			
Local Business Tax Revenue			
Occupational License Tax Revenue	$	1,116,549	$	1,116,549	
			
TOTAL REVENUES	$	1,116,549	$	1,116,549	
			
Balance Forward from Prior Year	$	-	$	135,000	
			
TOTAL REVENUES AND BALANCE FORWARD	$	1,116,549	$	1,251,549	
			
EXPENDITURES - ADMINISTRATIVE			
			
Financial & Administrative			
Accounting Services	$	11,377	$	11,377	
Debt Service			
Promissory Note Payment	$	800,000	$	905,000	
			
Administrative Subtotal	$	811,377	$	916,377	
			
EXPENDITURES - FIELD OPERATIONS			
			
Stormwater Control			
Lake/Pond Bank Maintenance	$	618	$	618	
Aquatic Maintenance	$	2,221	$	2,221	
Other Physical Environment			
General Liability/Property Insurance	$	13,503	$	13,503	
Landscape - Mulch	$	10,797	$	10,797	
Oak Tree Trimming Services	$	5,280	$	5,280	
Landscape Tree Service	$	13,035	$	13,035	
Road & Street Facilities			
Street Light Decorative Light Maintenance	$	8,250	$	38,250	
Parking Lot Repair & Maintenance	$	10,000	$	10,000	
Street/Parking Lot Sweeping	$	10,500	$	10,500	

Chart of Accounts Classification	
Budget for 2020/2021	
Proposed Budget Amendment	
Parks & Recreation			
Management Contract	$	25,922	$	25,922	
Park Landscape Maintenance	$	41,357	$	41,357	
Park Landscape Replacement Plants, Shrubs, Trees	$	2,000	$	2,000	
Beachfront Improvement Landscape Maintenance	$	4,090	$	4,090	
Beachfront Improvement Landscape Replacement	$	2,500	$	2,500	
Park Restroom Janitorial Service	$	24,192	$	24,192	
Park Restroom Repair & Maintenance	$	4,250	$	4,250	
Beachfront Janitorial Service	$	56,448	$	56,448	
Beachfront Janitorial Supplies	$	13,000	$	13,000	
Beachfront Improvement Repairs	$	10,000	$	10,000	
Beachfront Improvement/Capital Improvement	$	8,000	$	8,000	
Beachfront Improvement Electrical Utlity	$	3,300	$	3,300	
Beachfront Improvement Water/Sewer	$	8,500	$	8,500	
Beachfront Improvement Irrigation Repairs	$	2,000	$	2,000	
Park Irrigation Repairs & Maintenance	$	1,250	$	1,250	
Park Irrigation Inspection Contract	$	5,408	$	5,408	
Park Solid Waste Removal	$	2,900	$	2,900	
Park Recreational Equipment	$	4,800	$	4,800	
Contingency			
Miscellaneous Contingency	$	11,051	$	11,051	
			
Field Operations Subtotal	$	305,172	$	335,172	
			
TOTAL EXPENDITURES	$	1,116,549	$	1,251,549	
			
EXCESS OF REVENUES OVER EXPENDITURES	$	-	$	-	

13

Pier Park Community Development District Debt Service
Fiscal Year 2020/2021

Chart of Accounts Classification	
Series 2014	Budget for 2020/2021	
			
REVENUES			
Special Assessments	$1,136,544.00	$1,136,544.00	
			
TOTAL REVENUES	$1,136,544.00	$1,136,544.00	

EXPENDITURES			
Administrative			
Financial & Administrative			
			
Debt Service Obligation	$1,136,544.00	$1,136,544.00	
Administrative Subtotal	$1,136,544.00	$1,136,544.00	
Principal Balloon Payment			
TOTAL EXPENDITURES	$1,136,544.00	$1,136,544.00	
			
EXCESS OF REVENUES OVER EXPENDITURES	$0.00	$0.00