Pier Park Community Development District
www.pierparkcdd.org

Approved Proposed Budget for
Fiscal Year 2022/2023

Table of Contents

Page
General Fund Budget for Fiscal Year 2022/2023	1
General Fund AB Park & Beachfront Budget for Fiscal Year 2022-2023	3
Debt Service Fund Budget for Fiscal Year 2022/2023	5
Assessments Charts for Fiscal Year 2022/2023	6
General Fund Budget Account Category Descriptions	8
Reserve Fund Budget Account Category Descriptions	12
Debt Service Fund Budget Account Category Descriptions	13

1
Approved Proposed Budget
Pier Park Community Development District General Fund
Fiscal Year 2022-2023

Chart of Accounts Classification	
Actual YTD through 03/31/22	Projected Annual Totals 2021/2022	
Annual Budget for 2021/2022	Projected
Budget variance for 2021/2022	
Budget for 2022/2023	Budget
Increase (Decrease) vs 2021/2022	

Comments	
1									
2	REVENUES								
3									
4	Contributions & Donations From Private								
5	Pier Park Owners Association, Inc.	$ 186,278	$ 360,364	$ 360,364	$	-	$	-	$ (360,364)		
6	Special Assessments								
7	Tax Roll*	$	-	$	-	$	-	$	-	$ 360,364	$ 360,364	Tax Roll allocations to be determined upon final roll certifications.	
8	Off Roll*	$	-	$	-	$	-	$	-	$	-	$	-		
9									
10	TOTAL REVENUES	$ 186,278	$ 360,364	$ 360,364	$	-	$ 360,364	$	-		
11									
12	Balance Forward from Prior Year	$	-	$	-	$	-	$	-	$	-	$	-		
13									
14	TOTAL REVENUES AND BALANCE	$ 186,278	$ 360,364	$ 360,364	$	-	$ 360,364	$	-		
15									
16	*Allocation of assessments between the Tax Roll and Off Roll are estimates only and subject to change prior to certification.		
17									
18	EXPENDITURES - ADMINISTRATIVE								
19									
20	Legislative								
21	Supervisor Fees	$	1,600	$	3,200	$	3,200	$	-	$	3,200	$	-	4 Supervisors receive pay/4 Meetings	
22	Financial & Administrative								
23	Administrative Services	$	4,664	$	9,328	$	9,328	$	-	$	9,328	$	-	Maintained at same rate.	
24	District Management	$  15,525	$	31,050	$	31,050	$	-	$	31,050	$	-	Maintained at same rate.	
25	District Engineer	
$	-	
$	10,000	
$	1,200	
$	(8,800)	
$	1,200	
$	-	Maintained at same rate. Projected FY21/22 total includes NTE for
Stormwater Needs Analysis	
26	Trustees Fees	$	2,200	$	3,300	$	3,512	$	212	$	3,750	$	238	Per projected increase.	
27	Assessment Roll	$	-	$	-		$	-	$	5,000	$	5,000	First year use of tax roll.	
28	Financial & Revenue Collections	$	2,625	$	5,250	$	5,250	$	-	$	5,250	$	-	Maintained at same rate.	
29	Accounting Services	$	9,164	$	18,328	$	18,328	$	-	$	18,328	$	-	Maintained at same rate.	
30	Auditing Services	$	-	$	4,400	$	4,400	$	-	$	4,400	$	-	Per agreement - NTE $4,400 through YE 2022	
31	Arbitrage Rebate Calculation	$	-	$	450	$	450	$	-	$	450	$	-	Amtec - $450 yr. through 2024	
32	Public Officials Liability Insurance	$	3,108	$	3,108	$	3,256	$	148	$	3,730	$	474	Per Egis projections.	
33	Legal Advertising	$	1,603	$	3,206	$	2,000	$	(1,206)	$	3,200	$	1,200	Based on projections	
34	Dues, Licenses & Fees	$	175	$	175	$	175	$	-	$	175	$	-	$175 due annually to the State.	
35	ADA Website Hosting, Maintenance,
Remediation and Compliance	
$	2,370	
$	4,740	
$	4,200	
$	(540)	
$	4,740	
$	540	
Per agreements	
36	Legal Counsel								
37	District Counsel	$	8,120	$	16,240	$	42,500	$  26,260	$	42,500	$	-	Maintained at same rate.	
38									
39	Administrative Subtotal	$  51,154	$ 112,775	$ 128,849	$  16,074	$ 136,301	$	7,452		
40									
41	EXPENDITURES - FIELD OPERATIONS								
42									
43	Electric Utility Services								

2
Approved Proposed Budget
Pier Park Community Development District General Fund
Fiscal Year 2022-2023

Chart of Accounts Classification	
Actual YTD through 03/31/22	Projected Annual Totals 2021/2022	
Annual Budget for 2021/2022	Projected
Budget variance for 2021/2022	
Budget for 2022/2023	Budget
Increase (Decrease) vs 2021/2022	

Comments	
44	Utility Services	$  10,847	$	21,694	$	25,000	$	3,306	$	25,000	$	-	Maintained at same rate. Monitor prior to final.	
45	Water-Sewer Combination Services								
46	Utility Services	$	3,568	$	7,136	$	15,500	$	8,364	$	15,500	$	-	Maintained at same rate per historical use. Monitor prior to final.	
47	Stormwater Control								
48	Lake/Pond Bank Maintenance	$	814	$	814	$	4,000	$	3,186	$	4,000	$	-	Maintained at same rate.	
49	Aquatic Maintenance	$	2,591	$	5,182	$	5,183	$	1	$	5,183	$	-	Maintained at same rate.	
50	Stormwater Assessment	$	-	$	41	$	41	$	-	$	41	$	-	Increased based on actuals.	
51	General Liability/Crime Insurance	$	3,882	$	3,882	$	4,635	$	753	$	4,729	$	94	Per Egis projections for FY22/23	
52	Landscape Maintenance	$  44,730	$	55,378	$	55,378	$	-	$ 105,427	$  50,049	Increase reflects consolidating Landscape Maintenance contract.	

53	Landscape Replacement Plants, Shrubs,
Trees	
$	-	
$	6,200	
$	6,200	
$	-		
$	(6,200)	Moved expense to Landscape Maintenance line per contract for
services.	

54	
Landscape - Mulch	
$  14,682	
$	26,025	
$	26,025	
$	-	
$	-	
$ (26,025)	Moved expense to Landscape Maintenance line per contract for
services.	
55	Entry & Walls Beach Ball Maintenance	$	-	$	2,500	$	2,500	$	-	$	2,500	$	-	Maintained at same rate.	
56	Irrigation Maintenance	
$	6,184	
$	12,368	
$	10,000	
$	(2,368)	
$	4,000	
$	(6,000)	Decrease reflects the move of the contractual portion of the expense
to Landscape Maintenance line per contract for services.	
57	Contract Seasonal Maintenance Services	$	3,042	$	6,084	$	5,775	$	(309)	$	-	$	(5,775)	Moved expense to Landscape Maintenance line per contract for	
58	Oak Tree Trimming Services	$	5,720	$	11,440	$	8,000	$	(3,440)	$	8,000	$	-	Maintained at same rate.	
59	Landscape Tree Service	$	6,195	$	12,390	$	10,000	$	(2,390)	$	-	$ (10,000)	Moved expense to Landscape Maintenance line per contract for	
60	Road & Street Facilities								
61	Street/ Parking Lot Sweeping	$	5,786	$	11,573	$	11,500	$	(73)	$	11,701	$	201	Per agreement.	
62	Street Light Decorative Light Maintenance	$	840	$	12,500	$	12,500	$	-	$	4,000	$	(8,500)	Reduced to FY20/21 budget. Increased for FY21/22 for LED	
63	Sidewalk Repair & Maintenance	$	1,953	$	8,500	$	12,870	$	4,370	$	12,870	$	-	Maintained at same rate.	
64	Parking Lot Repair & Maintenance	$	-	$	5,000	$	5,000	$	-	$	5,000	$	-	Maintained at same rate.	
65	Management Contract	$	5,704	$	11,408	$	11,408	$	-	$	11,750	$	342	Slight increase per update to agreement	
66	Contingency								
67	Miscellaneous Contingency	$	-	$	-	$	-	$	-	$	4,362	$	4,362	Slightly reduced to balance budget.	
68									
69	Field Operations Subtotal	$ 116,538	$ 220,115	$ 231,515	$  11,400	$ 224,063	$	(7,452)		
70									
71	TOTAL EXPENDITURES	$ 167,692	$ 332,890	$ 360,364	$  27,474	$ 360,364	$	-		
72									
73	EXCESS OF REVENUES OVER	$  18,586	$	27,474	$	-	$  27,474	$	-	$	-		
74									

3
Approved Proposed Budget
Pier Park Community Development District General Fund AB Park & Beachfront
Fiscal Year 2022/2023

Chart of Accounts Classification	
Actual YTD through 03/31/22	Projected Annual Totals 2021/2022	
Annual Budget for 2021/2022	Projected Budget variance for 2021/2022	
Budget for 2022/2023	Budget
Increase (Decrease) vs 2021/2022	

Comments	
1									
2	REVENUES								
3									
4	Local Business Tax Revenue								
5	Occupational License Tax Revenue	$1,237,010	$ 1,237,010	$ 1,116,549	$ 120,461	$ 334,366	$ (782,183)		
6									
7	TOTAL REVENUES	$1,237,010	$ 1,237,010	$ 1,116,549	$ 120,461	$ 334,366	$ (782,183)		
8									
9	Balance Forward from Prior Year	$	-	$	-	$	-	$	-	$	-	$	-		
10									
11	TOTAL REVENUES AND BALANCE FORWARD	$1,237,010	$ 1,237,010	$ 1,116,549	$ 120,461	$ 334,366	$ (782,183)		
12									
13	*Allocation of assessments between the Tax Roll and Off Roll are estimates only and subject to change prior to certification.		
14									
15	EXPENDITURES - ADMINISTRATIVE								
16									
17	Financial & Administrative								
18	Accounting Services	$	5,688	$	11,377	$	11,377	$	-	$	11,377	$	-	Maintained at same rate.	
19	Debt Service								
20	Promissory Note Payment	$ 410,523	$	800,000	$	800,000	$	-	$	-	$ (800,000)	FY21/22 was last year of payments.	
21									
22	Administrative Subtotal	$ 416,211	$	811,377	$	811,377	$	-	$	11,377	$ (800,000)		
23									
24	EXPENDITURES - FIELD OPERATIONS								
25									
26	Stormwater Control								
27	Lake/Pond Bank Maintenance	$	-	$	625	$	618	$	(7)	$	625	$	7		
28	Aquatic Maintenance	$	1,111	$	2,222	$	2,221	$	(1)	$	2,221	$	-	Maintained at same rate.	
29	Other Physical Environment								
30	Property Insurance	$	11,312	$	11,312	$	13,503	$	2,191	$	13,504	$	1	Based on Egis projections for FY22/23	
31	Landscape - Mulch	$	-	$	10,797	$	10,797	$	-	$	-	$  (10,797)	Moved to Landscape Maintenance line.	
32	Oak Tree Trimming Services	$	-	$	5,280	$	5,280	$	-	$	5,280	$	-	Maintained at same rate, need input.	
33	Landscape Tree Service	$	-	$	5,500	$	13,035	$	7,535	$	-	$  (13,035)	Moved palm trimming to Landscape Maintenance	
34	Street Light Decorative Light Maintenance	$	-	$	8,250	$	8,250	$	-	$	8,250	$	-	Maintained at same rate, need input.	
35	Parking Lot Repair & Maintenance	$	-	$	2,500	$	10,000	$	7,500	$	10,000	$	-	Maintained at same rate.	
36	Street/Parking Lot Sweeping	$	7,051	$	14,102	$	10,500	$	(3,602)	$	10,685	$	185	Per agreement	
37	Parks & Recreation								
38	Management Contract	$	12,961	$	25,922	$	25,922	$	-	$	26,700	$	778	Slight increase per update to agreement	
39	Park Landscape Maintenance	$	-	$	51,717	$	41,357	$  (10,360)	$	51,717	$	10,360	Per agreement. Consolidates contractural landscape services.	
40	Park Landscape Replacement Plants, Shrubs,	$	-	$	2,000	$	2,000	$	-	$	2,000	$	-	Maintained at same rate as needed for replacements.	
41	Beachfront Improvement Landscape Maintenance	$	-	$	23,059	$	4,090	$  (18,969)	$	23,059	$	18,969	Consolidates contractural landscape services.	
42	Beachfront Improvement Landscape Replacement	$	-	$	-	$	2,500	$	2,500	$	2,500	$	-	Maintained, as needed replacements.	
43	Park Restroom Janitorial Service	$	11,797	$	23,594	$	24,192	$	598	$	24,192	$	-	Maintained at same rate, need input.	

4
Approved Proposed Budget
Pier Park Community Development District General Fund AB Park & Beachfront
Fiscal Year 2022/2023

Chart of Accounts Classification	
Actual YTD through 03/31/22	Projected Annual Totals 2021/2022	
Annual Budget for 2021/2022	Projected Budget variance for 2021/2022	
Budget for 2022/2023	Budget
Increase (Decrease) vs 2021/2022	

Comments	

44	
Park Restroom Repair & Maintenance	
$	500	
$	14,500	
$	4,250	
$  (10,250)	
$	4,250	
$	-	Maintained at same rate. Projection includes standard projection
including project to replace vanities.	
45	Beachfront Janitorial Service	$	23,890	$	56,448	$	56,448	$	-	$	56,448	$	-	Maintained at same rate.	

46	
Janitorial Supplies	
$	12,173	
$	24,346	
$	13,000	
$  (11,346)	
$	24,300	
$	11,300	Increased based on projections. Renamed this item to "Janitorial
Supplies" from "Beachfront Janitorial Supplies"	
47	Beachfront Improvement Repairs	$	-	$	7,500	$	10,000	$	2,500	$	10,000	$	-	Maintained at same rate.	
48	Beachfront Improvement/Capital Improvement	$	-	$	4,000	$	8,000	$	4,000	$	8,000	$	-	Replacement of two corroded roll up entry doors.	
49	Beachfront Improvement Electrical Utility	$	1,550	$	3,100	$	3,300	$	200	$	3,300	$	-	Maintain at same rate and monitor prior to final.	
50	Beachfront Improvement Water/Sewer	$	1,636	$	5,640	$	8,500	$	2,860	$	8,500	$	-	Maintain at same rate and monitor prior to final.	
51	Beachfront Improvement Irrigation Repairs	$	-	$	1,500	$	2,000	$	500	$	2,000	$	-	Maintained at same rate.	
52	Park Irrigation Repairs & Maintenance	$	-	$	850	$	1,250	$	400	$	1,250	$	-	Maintained at same rate.	

53	
Park Irrigation Inspection Contract	
$	-	
$	-	
$	5,408	
$	5,408	
$	5,408	
$	-	Maintained at same rate. Moved contractual expenses to Landscape
Maintenance.	
54	Park Solid Waste Removal	$	1,896	$	3,792	$	2,900	$	(892)	$	4,000	$	1,100	Increased based on projections.	
55	Park Recreational Equipment	$	-	$	-	$	4,800	$	4,800	$	4,800	$	-	Maintained at same rate.	
56	Contingency								
57	Miscellaneous Contingency	$	1,986	$	9,500	$	11,051	$	1,551	$	10,000	$	(1,051)		
58									
59	Field Operations Subtotal	$	87,863	$	318,056	$	305,172	$  (12,884)	$ 322,989	$	17,817		
60									
61	TOTAL EXPENDITURES	$ 504,074	$ 1,129,433	$ 1,116,549	$  (12,884)	$ 334,366	$ (782,183)		
62									
63	EXCESS OF REVENUES OVER EXPENDITURES	$ 732,936	$	107,577	$	-	$ 107,577	$	0	$	0		
64									

Pier Park Community Development District
5
Debt Service
Fiscal Year 2022/2023

Chart of Accounts Classification	Series 2014	Budget for 2022/2023	
			
REVENUES			
Special Assessments			
Net Special Assessments	$440,522.08	$440,522.08	
OLTR/TIR Contribution	$693,966.92	$693,966.92	
			
TOTAL REVENUES	$1,134,489.00	$1,134,489.00	

EXPENDITURES			
Administrative			
Financial & Administrative			
Debt Service Obligation	$1,134,489.00	$1,134,489.00	
Administrative Subtotal	$1,134,489.00	$1,134,489.00	
			
TOTAL EXPENDITURES	$1,134,489.00	$1,134,489.00	
			
EXCESS OF REVENUES OVER EXPENDITURES	$0.00	$0.00	

Collection Costs (2%) and Early Payment Discount (4%) applicable to the county:	6.0%

Gross assessments	$1,206,903.19

Notes:
Tax Roll Collection Costs and Early Payment Discount percentages are 6% of Tax Roll. Budgeted net of tax roll assessments. See Assessment Table.

Debt Service

6
PIER PARK COMMUNITY DEVELOPMENT DISTRICT

FISCAL YEAR 2022/2023 O&M AND DEBT SERVICE ASSESSMENT SCHEDULE

2022/2023 O&M Budget		$360,364.00	
Bay County Collection Cost @	2%	$7,667.32	
Early Payment Discount @	4%	$15,334.64	
2022/2023 Total		$383,365.96	

2021/2022 O&M Budget	$0.00		
2022/2023 O&M Budget	$360,364.00		
Total Difference	
$360,364.00		

PER PRODUCT ANNUAL ASSESSMENT	
Proposed Increase / Decrease	

2021/2022	2022/2023	$	%	
Debt Service - Retail/Commercial (1)	
$172,454.63	
$381,805.68	
$209,351.05	
121.39%	
Operations/Maintenance - Retail/Commercial	$0.00	$312,331.73	$312,331.73	(2)	
Total (1)	$172,454.63	$694,137.40	$521,682.77	302.50%	

Debt Service - Hotel (1)	
$25,544.91	
$56,555.13	
$31,010.22	
121.39%	
Operations/Maintenance - Hotel	$0.00	$46,264.27	$46,264.27	(2)	
Total (1)	$25,544.91	$102,819.40	$77,274.49	302.50%	

Debt Service - Time Share (1)	
$13,676.79	
$30,279.71	
$16,602.92	
121.39%	
Operations/Maintenance - Time Share	$0.00	$24,769.96	$24,769.96	(2)	
Total	$13,676.79	$55,049.67	$41,372.88	302.50%	

(1) The Debt Service Total Assessment represents the balance due as a result of the scheduled OLTR funding shortfall.
(2) FY 2022-2023 will be the first time Operations and Maintenance assessments are levied. Developer Funding agreement was in place in prior years.

Assessment Worksheet

7
PIER PARK COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2022/2023 O&M AND DEBT SERVICE ASSESSMENT SCHEDULE TOTAL O&M BUDGET	$360,364.00
COLLECTION COSTS @	2.0%		$7,667.32 EARLY PAYMENT DISCOUNTS @	4.0%	$15,334.64
TOTAL O&M ASSESSMENT	$383,365.96	
				ANNUAL ASSESSMENT PER SQ FT	
			ALLOCATION OF O&M ASSESSMENT				
	
O&M SQ FT	
SERIES 2014 DEBT	
% OF O&M	TOTAL O&M		SERIES 2014		
PRODUCT		SERVICE SQ FT (1)	ASSESSMENT	BUDGET	O&M	DEBT SERVICE (2)	TOTAL (3)	

Retail/Commercial	

1162022	

1162022	

81.47%	$312,331.73	

$0.27	

$0.33	

$0.60	
Hotel	172125	172125	12.07%	$46,264.27	$0.27	$0.33	$0.60	
Time Share	92156	92156	6.46%	$24,769.96	$0.27	$0.33	$0.60	
Total Community	1426303	1426303	100.00%	$383,365.96				

LESS: Bay County Collection Costs (2%) and Early Payment Discount Costs (4%)	($23,001.96)

Net Revenue to be Collected	$360,364.00

(1) Reflects the total square footage with Series 2014 debt outstanding.

(2) Annual debt service assessment per square foot adopted in connection with the Series 2014 bond issue. Annual assessment includes principal, interest, Bay County collection costs and early payment discount costs.

(3) Annual assessment that would appear on November 2022 Bay County property tax bill. Amount shown includes all applicable collection costs. Property owner is eligible for a discount of up to 4% if paid early.

(4) The Debt Service Total Assessment represents the balance due as a result of an anticipated OLTR funding shortfall due to a change in distribution calculation. Covers the 38.83% of May and November 2023 payments.	

			

			

8

GENERAL FUND BUDGET ACCOUNT CATEGORY DESCRIPTION

The General Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all General Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Interest Earnings: The District may earn interest on its monies in the various operating accounts.

Tax Roll: The District levies Non-Ad Valorem Special Assessments on all of the assessable property within the District to pay for operating expenditures incurred during the Fiscal Year. The assessments may be collected in two ways. The first is by placing them on the County’s Tax Roll, to be collected with the County’s Annual Property Tax Billing. This method is only available to land properly platted within the time limits prescribed by the County.

Off Roll: For lands not on the tax roll and that is by way of a direct bill from the District to the appropriate property owner.

Developer Contributions: The District may enter into a funding agreement and receive certain prescribed dollars from the Developer to off-set expenditures of the District.

Event Rental: The District may receive monies for event rentals for such things as weddings, birthday parties, etc.

Miscellaneous Revenues: The District may receive monies for the sale or provision of electronic access cards, entry decals etc.

EXPENDITURES – ADMINISTRATIVE:
Supervisor Fees: The District may compensate its supervisors within the appropriate statutory limits of
$200.00 maximum per meeting within an annual cap of $4,800.00 per supervisor.

Administrative Services: The District will incur expenditures for the day to today operation of District matters. These services include support for the District Management function, recording and preparation of meeting minutes, records retention and maintenance in accordance with Chapter 119, Florida Statutes, and the District’s adopted Rules of Procedure, preparation and delivery of agenda, overnight deliveries, facsimiles and phone calls.

9

District Management: The District as required by statute, will contract with a firm to provide for management and administration of the District’s day to day needs. These service include the conducting of board meetings, workshops, overall administration of District functions, all required state and local filings, preparation of annual budget, purchasing, risk management, preparing various resolutions and all other secretarial duties requested by the District throughout the year is also reflected in this amount.

District Engineer: The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of construction invoices and all other engineering services requested by the district throughout the year.

Disclosure Report: The District is required to file quarterly and annual disclosure reports, as required in the District’s Trust Indenture, with the specified repositories. This is contracted out to a third party in compliance with the Trust Indenture.

Trustee’s Fees: The District will incur annual trustee’s fees upon the issuance of bonds for the oversight of the various accounts relating to the bond issues.

Assessment Roll: The District will contract with a firm to prepare, maintain and certify the assessment roll(s) and annually levy a non-ad valorem assessment for operating and debt service expenses.

Financial & Revenue Collections: Services of the Collection Agent include all functions necessary for the timely billing and collection and reporting of District assessments in order to ensure adequate funds to meet the District’s debt service and operations and maintenance obligations. The Collection Agent also maintains and updates the District’s lien book(s) annually and provides for the release of liens on property after the full collection of bond debt levied on particular properties.

Accounting Services: Services include the preparation and delivery of the District’s financial statements in accordance with Governmental Accounting Standards, accounts payable and accounts receivable functions, asset tracking, investment tracking, capital program administration and requisition processing, filing of annual reports required by the State of Florida and monitoring of trust account activity.

Auditing Services: The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting firm, once it reaches certain revenue and expenditure levels, or has issued bonds and incurred debt.

Arbitrage Rebate Calculation: The District is required to calculate the interest earned from bond proceeds each year pursuant to the Internal Revenue Code of 1986. The Rebate Analyst is required to verify that the District has not received earnings higher than the yield of the bonds.

Travel: Each Board Supervisor and the District Staff are entitled to reimbursement for travel expenses per Florida Statutes 190.006(8).

Public Officials Liability Insurance: The District will incur expenditures for public officials’ liability insurance for the Board and Staff.

Legal Advertising: The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to meeting schedules, special meeting notices, and public hearings, bidding etc. for the District based on statutory guidelines

10

Bank Fees: The District will incur bank service charges during the year.

Dues, Licenses & Fees: The District is required to pay an annual fee to the Department of Economic Opportunity, along with other items which may require licenses or permits, etc.

Miscellaneous Fees: The District could incur miscellaneous throughout the year, which may not fit into any standard categories.

Website Hosting, Maintenance and Email: The District may incur fees as they relate to the development and ongoing maintenance of its own website along with possible email services if requested.

District Counsel: The District’s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts and all other legal services requested by the district throughout the year.

EXPENDITURES - FIELD OPERATIONS:

Electric Utility Services: The District will incur electric utility expenditures for general purposes such as irrigation timers, lift station pumps, fountains, etc.

Street Lights: The District may have expenditures relating to street lights throughout the community. These may be restricted to main arterial roads or in some cases to all street lights within the District’s boundaries.

Solid Waste Removal: The District will incur expenditures related to the removal of garbage and solid waste.

Water-Sewer Utility Services: The District will incur water/sewer utility expenditures related to district operations.

Aquatic Maintenance: Expenses related to the care and maintenance of the lakes and ponds for the control of nuisance plant and algae species.

Lake/Pond Bank Maintenance: The District may incur expenditures to maintain lake banks, etc. for the ponds and lakes within the District’s boundaries, along with planting of beneficial aquatic plants, stocking of fish, mowing and landscaping of the banks as the District determines necessary.

Aquatic Plant Replacement: The expenses related to replacing beneficial aquatic plants, which may or may not have been required by other governmental entities.

General Liability Insurance: The District will incur fees to insure items owned by the District for its general liability needs

Property Insurance: The District will incur fees to insure items owned by the District for its property needs

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Entry and Walls Maintenance: The District will incur expenditures to maintain the entry monuments and the fencing.

Landscape Maintenance: The District will incur expenditures to maintain the rights-of-way, median strips, recreational facilities including pond banks, entryways, and similar planting areas within the District. These services include but are not limited to monthly landscape maintenance, fertilizer, pesticides, annuals, mulch, and irrigation repairs.

Irrigation Maintenance: The District will incur expenditures related to the maintenance of the irrigation systems.

Irrigation Repairs: The District will incur expenditures related to repairs of the irrigation systems.

Landscape Replacement: Expenditures related to replacement of turf, trees, shrubs etc.

Miscellaneous Fees: The District may incur miscellaneous expenses that do not readily fit into defined categories in field operations.

Street/Parking Lot Sweeping: The District may incur expenses related to street sweeping for roadways it owns or are owned by another governmental entity, for which it elects to maintain.

Sidewalk Repair & Maintenance: Expenses related to sidewalks located in the right of way of streets the District may own if any.

Roadway Repair & Maintenance: Expenses related to the repair and maintenance of roadways owned by the District if any.

Management Contract: The District may contract with a firm to provide for the oversight of its recreation facilities.

Facility Supplies: The District may have facilities that required various supplies to operate.

Gate Maintenance & Repairs: Any ongoing gate repairs and maintenance would be included in this line item.

Janitorial Service: Expenses related to the cleaning of the facility and related supplies.

Park Recreational Equipment Repairs: Expense related to any recreational equipment repairs needed.

Miscellaneous Fees: Monies collected and allocated for fees that the District could incur throughout the year, which may not fit into any standard categories.

Miscellaneous Contingency: Monies collected and allocated for expenses that the District could incur throughout the year, which may not fit into any standard categories.

Capital Outlay: Monies collected and allocated for various projects as they relate to public improvements.

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RESERVE FUND BUDGET ACCOUNT CATEGORY DESCRIPTION

The Reserve Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all Reserve Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Tax Roll: The District levies Non-Ad Valorem Special Assessments on all of the assessable property within the District to pay for operating expenditures incurred during the Fiscal Year. The assessments may be collected in two ways. The first is by placing them on the County’s Tax Roll, to be collected with the County’s Annual Property Tax Billing. This method is only available to land properly platted within the time limits prescribed by the County.

Off Roll: For lands not on the tax roll and that is by way of a direct bill from the District to the appropriate property owner.

Developer Contributions: The District may enter into a funding agreement and receive certain prescribed dollars from the Developer to off-set expenditures of the District.

Miscellaneous Revenues: The District may receive monies for the sale or provision of electronic access cards, entry decals etc.

EXPENDITURES:

Capital Reserve: Monies collected and allocated for the future repair and replacement of various capital improvements such as club facilities, swimming pools, athletic courts, roads, etc.

Capital Outlay: Monies collected and allocated for various projects as they relate to public improvements.

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DEBT SERVICE FUND BUDGET ACCOUNT CATEGORY DESCRIPTION

The Debt Service Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all Debt Service Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Special Assessments: The District may levy special assessments to repay the debt incurred by the sale of bonds to raise working capital for certain public improvements. The assessments may be collected in the same fashion as described in the Operations and Maintenance Assessments.

EXPENDITURES – ADMINISTRATIVE:

Bank Fees: The District may incur bank service charges during the year.

Debt Service Obligation: This would a combination of the principal and interest payment to satisfy the annual repayment of the bond issue debt.