North Powerline Road
Community Development District

Proposed Budget
FY 2021

Table of Contents

1-2

3-7

 	General Fund

 	General Fund Narrative

	Adopted
Budget	Actuals
Thru	Projected
Next	Total
Thru	Proposed
Budget	
Description	FY2020	3/31/20	6 Months	9/30/20	FY2021	

Revenues						
Developer Contributions	$131,025	$60,000	$41,940	$101,940	$286,030	
Interest	$0	$2	$0	$2	$0	
Total Revenues	$131,025	$60,002	$41,940	$101,942	$286,030	

Expenditures						
Administrative
Supervisor Fees	

$12,000	

$4,400	

$6,000	

$10,400	

$12,000	
Engineering	$20,000	$1,470	$10,000	$11,470	$20,000	
Attorney	$25,000	$6,000	$12,500	$18,500	$25,000	
Annual Audit	$2,900	$2,900	$0	$2,900	$3,000	
Assessment Administration	$5,000	$0	$0	$0	$5,000	
Arbitrage	$650	$0	$0	$0	$650	
Dissemination	$5,000	$0	$0	$0	$5,000	
Trustee Fees	$3,550	$0	$0	$0	$3,550	
Management Fees	$35,000	$17,500	$17,500	$35,000	$35,000	
Information Technology	$2,100	$450	$1,650	$2,100	$2,100	
Telephone	$250	$28	$100	$128	$250	
Postage & Delivery	$850	$56	$415	$471	$850	
Insurance	$5,500	$5,125	$0	$5,125	$5,638	
Printing & Binding	$1,000	$163	$500	$663	$1,000	
Legal Advertising	$10,000	$6,083	$4,000	$10,083	$10,000	
Other Current Charges	$1,000	$0	$500	$500	$1,000	
Office Supplies	$500	$14	$250	$264	$500	
Boundary Amendment Expenses	$0	$3,888	$0	$3,888	$0	
Travel Per Diem	$550	$0	$275	$275	$550	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Subtotal Administrative	$131,025	$48,252	$53,690	$101,942	$131,263	

Operations & Maintenance 
Field Expenses
Property Insurance	

$0	

$0	

$0	

$0	

$5,000	
Field Management	$0	$0	$0	$0	$11,250	
Landscape Maintenance	$0	$0	$0	$0	$63,000	
Landscape Replacement	$0	$0	$0	$0	$5,625	
Fertilization	$0	$0	$0	$0	$13,755	
Streetlights	$0	$0	$0	$0	$13,860	
Electric	$0	$0	$0	$0	$1,980	
Water & Sewer	$0	$0	$0	$0	$792	
Sidewalk & Asphalt Maintenance	$0	$0	$0	$0	$375	
Irrigation Repairs	$0	$0	$0	$0	$3,750	
General Repairs & Maintenance	$0	$0	$0	$0	$11,250	
Contingency	$0	$0	$0	$0	$3,750	
Subtotal Field Expenses	$0	$0	$0	$0	$134,387	

	Adopted
Budget	Actuals
Thru	Projected
Next	Total
Thru	Proposed
Budget	
Description	FY2020	3/31/20	6 Months	9/30/20	FY2021	

Amenity Expenses
Amenity - Electric	

$0	

$0	

$0	

$0	

$3,600	
Amenity - Water	$0	$0	$0	$0	$875	
Playground Lease	$0	$0	$0	$0	$3,500	
Internet	$0	$0	$0	$0	$225	
Pest Control	$0	$0	$0	$0	$180	
Janitorial Services	$0	$0	$0	$0	$2,500	
Security Services	$0	$0	$0	$0	$2,500	
Pool Maintenance	$0	$0	$0	$0	$4,875	
Amenity Repairs & Maintenance	$0	$0	$0	$0	$250	
Contingency	$0	$0	$0	$0	$1,875	
Subtotal Amenity Expenses	$0	$0	$0	$0	$20,380	
						
Total Operations & Maintenance	$0	$0	$0	$0	$154,767	
						
Total Expenditures	$131,025	$48,252	$53,690	$101,942	$286,030	
						
Excess Revenues/(Expenditures)	$0	$11,750	($11,750)	$0	$0	

REVENUES:

Developer Contributions/Assessments

The District will enter into a Funding Agreement with the Developer to fund the General Fund expenditures for the Fiscal Year. Additionally, the District can levy a non-ad valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the fiscal year.

EXPENDITURES:

Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering

The District's engineer will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District is currently contracted with Grau & Associates.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Bonds.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2- 12(b)(5) which relates to additional reporting requirements for unrated bond issues.

Trustee Fees

The District will incur trustee related costs with the issuance of bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents costs related to the District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance insurance coverages.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Travel Per Diem

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Operations & Maintenance:

Field Expenses

Property Insurance

The District’s property insurance coverages.

Field Management

Represents the estimated costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed.

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Fertilization

Represents the estimated cost of fertilizing the common areas of the District. This is based on an estimated cost for annuals and mulching.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenses

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity faclilities.

Internet

Internet service will be added for use at the Amenity Center.

Pest Control

The District will incur costs for pest control treatments to its amenity facilities.

Janitorial Services

Represents estimated costs to provide janitorial services and supplies for the District’s amenity facilities.

Security Services

Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities.

Pool Maintenance

Represents estimated costs of regular cleaning and treatments of the District’s pool.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Expenses:
Capital Reserves

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.