Feed Mill
Community Development District
feedmillcdd.org

Approved Proposed Budget for
Fiscal Year 2026/2027

Table of Contents

Page	
General Fund Budget for Fiscal Year 2026/2027	1	
Debt Service Fund Budget for Fiscal Year 2026/2027	5	
Assessments Charts for Fiscal Year 2026/2027	6	
General Fund Budget Account Category Descriptions	8	
Debt Service Fund Budget Account Category Descriptions	15	

Proposed Budget
Feed Mill Community Development District
General Fund Fiscal Year 2026/2027	

Chart of Accounts Classification	

Actual YTD	Projected Annual	Annual Budget for through 03/31/26	 Totals 2025/2026		2025/2026	
Projected Budget variance for 2025/2026	

Budget for 2026/2027	
Budget Increase (Decrease) vs 2025/2026		
1									
2	ASSESSMENT REVENUES								
3									
4	Special Assessments								
5	Tax Roll*	$	-	$	-	$	-	$	-	$	669,186	$	669,186		
6	Off Roll*	$	240,825	$	343,831	$	343,831	$	-	$	96,134	$	(247,697)	
7									
8	Assessment Revenue Subtotal	$	240,825	$	343,831	$	343,831	$	-	$	765,320	$	421,489	
9									
10	OTHER REVENUES								
11									
12	Balance Forward from Prior Year	$	-	$	-	$	-	$	-	$	-	$	-		
13	Developer Contributions	$	-	$	-	$	-	$	-	$	647,293	$	647,293		
14	Cost Share	$	-	$	-	$	-	$	-	$	52,216	$	52,216		
15									
16	Other Revenue Subtotal	$	-	$	-	$	-	$	-	$	699,509	$	699,509	
17								
18	TOTAL REVENUES	$	240,825	$	343,831	$	343,831	$	-	$	1,464,829	$	1,120,998	
19	*Allocation of assessments between the Tax Roll and Off Roll
are estimates only and subject to change prior to certification.				
20									
21	EXPENDITURES - ADMINISTRATIVE								
22									
23	Legislative								
24	Supervisor Fees	$	1,400	$	5,000	$	12,000	$	7,000	$	7,200	$	(4,800)		
25	Financial & Administrative								
26	Accounting Services	$	9,600	$	19,200	$	19,200	$	-	$	19,776	$	576		
27	Administrative Services	$	2,100	$	4,200	$	4,200	$	-	$	4,326	$	126		
28	Arbitrage Rebate Calculation	$	-	$	500	$	1,000	$	500	$	1,000	$	-		
29	Assessment Roll	$	-	$	-	$	5,000	$	5,000	$	5,000	$	-		
30	Auditing Services	$	-	$	4,600	$	3,100	$	(1,500)	$	6,100	$	3,000		
31	Disclosure Report	$	600	$	6,000	$	6,000	$	-	$	7,000	$	1,000		

	

Comments	

	
	
To be Updated Prior to Public Hearing	
To be Updated Prior to Public Hearing	

	

	
	
AA Jan. Tech & AA Farm Director	

	

	

	

	

	
Based on Series 2025 & 2026 Bonds Issued	
Series 2025 & 2026 Bonds also Includes DTS License	

Proposed Budget
Feed Mill Community Development District
General Fund Fiscal Year 2026/2027	

Chart of Accounts Classification	

Actual YTD	Projected Annual	Annual Budget for through 03/31/26	 Totals 2025/2026		2025/2026	
Projected Budget variance for 2025/2026	

Budget for 2026/2027	
Budget Increase (Decrease) vs 2025/2026		
32	District Engineer	$	152	$	1,500	$	12,000	$	10,500	$	5,000	$	(7,000)		
33	District Management	$	10,500	$	21,000	$	21,000	$	-	$	21,630	$	630		
34	Dues, Licenses & Fees	$	190	$	250	$	1,000	$	750	$	1,000	$	-		
35	Financial & Revenue Collections	$	1,800	$	3,600	$	3,600	$	-	$	4,908	$	1,308		
36	Legal Advertising	$	1,233	$	3,466	$	10,000	$	6,534	$	5,000	$	(5,000)		
37	Miscellaneous Fees	$	30	$	30	$	500	$	470	$	500	$	-		
38	Public Officials Liability Insurance	$	2,385	$	2,385	$	2,531	$	146	$	2,624	$	93		
39	Trustees Fees	$	-	$	10,000	$	10,000	$	-	$	10,000	$	-		
40	Website Hosting, Maintenance, Backup	$	2,625	$	3,700	$	3,700	$	-	$	3,820	$	120		
41	Legal Counsel								
42	District Counsel	$	18,411	$	36,822	$	30,000	$	(6,822)	$	30,000	$	-		
43									
44	Administrative Subtotal	$	51,026	$	122,253	$	144,831	$	22,578	$	134,884	$	(9,947)	
45									
46	EXPENDITURES - SHARED FIELD OPERATIONS								
47									
48	Electric Utility Services								
49	Streetlights	$	-	$	-	$	-	$	-	$	2,940	$	2,940		
50	Utility Services	$	-	$	2,500	$	10,000	$	7,500	$	15,450	$	5,450		
51	Water Sewer Combination Services								
52	Utility Services	$	-	$	-	$	-	$	-	$	144,612	$	144,612		
53	Garbage/Solid Waste Control Services								
54	Garbage - Recreational Facility	$	-	$	-	$	-	$	-	$	3,090	$	3,090		
55	Stormwater Control								
56	Aquatic Maintenance	$	-	$	5,500	$	10,000	$	4,500	$	23,000	$	13,000		
56	Other Physical Environment								
57	General Liability & Property Insurance	$	2,915	$	7,500	$	7,500	$	-	$	28,645	$	21,145		
58	Irrigation Repairs	$	-	$	-	$	-	$	-	$	5,000	$	5,000		
59	Landscape & Irrigation Maintenance	$	-	$	-	$	-	$	-	$	609,500	$	609,500		
60	Mulching	$	-	$	-	$	-	$	-	$	50,977	$	50,977		
61	Miscellaneous Expense	$	-	$	-	$	5,000	$	5,000		$	(5,000)	

	

Comments	

	
Based on Series 2025 & Series 2026 Bonds	

Estimated	

	

	

	
	
Based on Detail Provided	
Combined COP & Clubhouse Electric	
	
Estimated & Also Includes Irrigation	
	
Estimated	
	
Estimated	
	
Estimated Only & To Include Amenity Center and Farm for
Portion of FY 26/27 Only	
	
Includes Common Areas, Catherdral Oak & Amenity	
	
Removed for FY26/27	

Proposed Budget
Feed Mill Community Development District
General Fund Fiscal Year 2026/2027	

Chart of Accounts Classification	
Actual YTD	Projected Annual	Annual Budget for through 03/31/26	 Totals 2025/2026		2025/2026	
Projected Budget variance for 2025/2026	
Budget for 2026/2027	
Budget Increase (Decrease) vs 2025/2026		
62	Road and Street Facilities								
63	Parks & Recreation								
64	Administration	$	-	$	-	$	-	$	-	$	20,192	$	20,192		
65	Alarm Monitoring & Maintenance	$	-	$	-	$	-	$	-	$	900	$	900		
66	Amenity Facility Janitorial Supplies	$	-	$	-	$	-	$	-	$	5,000	$	5,000		
67	Amenity Maintenance & Repair	$	-	$	-	$	-	$	-	$	7,261	$	7,261		
68	Amenity Management Contract	$	-	$	-	$	-	$	-	$	333,293	$	333,293		
69	Uniforms	$	-	$	-	$	-	$	-	$	1,353	$	1,353		
70	Athletic Park/Court/Field Maintenance & Repairs	$	-	$	-	$	-	$	-	$	1,000	$	1,000		
71	Facility Supplies - Amenities	$	-	$	-	$	-	$	-	$	15,000	$	15,000		
72	Pest Control & Termite Bond	$	-	$	-	$	-	$	-	$	1,500	$	1,500		
73	Pool Chemicals & Repairs	$	-	$	-	$	-	$	-	$	12,000	$	12,000		
74	Pool Permits	$	-	$	-	$	-	$	-	$	700	$	700		
75	Telephone, Internet and Cable	$	-	$	-	$	-	$	-	$	1,700	$	1,700		
76	Licenses, Fees & Permits	$	-	$	-	$	-	$	-	$	1,000	$	1,000		
77	Special Events								
78	Holiday Lighting/Decorations	$	-	$	-	$	-	$	-	$	12,875	$	12,875		
79	Special Events	$	-	$	-	$	-	$	-	$	7,957	$	7,957		
80	Contingency								
81	Miscellaneous Contingency	$	-	$	15,000	$	55,000	$	40,000	$	25,000	$	(30,000)		
82									
83	Shared Field Operations Subtotal	$	2,915	$	30,500	$	87,500	$	57,000	$	1,329,945	$	1,242,445	
84									
85	EXPENDITURES - PARCEL 1 FIELD OPERATIONS								
86									
87	Electric Utility Services								
88	Utility Services	$	-	$	2,248	$	5,500	$	3,252	$	-	$	(5,500)		
89	Water Sewer Combination Services								
90	Utility Services	$	-	$	54,270	$	25,000	$	(29,270)	$	-	$	(25,000)		
91	Other Physical Environment								
92	Irrigation Repairs	$	-	$	-	$	2,500	$	2,500	$	-	$	(2,500)		
93	Landscape & Irrigation Maintenance	$	-	$	202,914	$	50,000	$	(152,914)	$	-	$	(50,000)		

	

Comments	

General & Admin Farm Operations	

Includes Farm	
Based on Vesta's Estimate Provided	

Includes Facility, Café and Farm	
Estimated and to Include Limited Property	

	

	

	

	

	

	

	

Proposed Budget
Feed Mill Community Development District
General Fund Fiscal Year 2026/2027	

Chart of Accounts Classification	

Actual YTD	Projected Annual	Annual Budget for through 03/31/26	 Totals 2025/2026		2025/2026	
Projected Budget variance for 2025/2026	

Budget for 2026/2027	
Budget Increase (Decrease) vs 2025/2026		
94	Landscape Replacement Plants, Shrubs, Tree	$	-	$	-	$	4,000	$	4,000	$	-	$	(4,000)		
95									
96	Parce 1 Field Operations Subtotal	$	-	$	259,432	$	87,000	$	(172,432)	$	-	$	(87,000)	
97									
98	EXPENDITURES - PARCEL 4 FIELD OPERATIONS								
99									
100	Electric Utility Services								
101	Utility Services	$	-	$	-	$	1,000	$	1,000	$	-	$	(1,000)		
102	Water Sewer Combination Services								
103	Utility Services	$	-	$	-	$	10,000	$	10,000	$	-	$	(10,000)		
104	Other Physical Environment								
105	Irrigation Repairs	$	-	$	-	$	1,000	$	1,000	$	-	$	(1,000)		
106	Landscape & Irrigation Maintenance	$	-	$	-	$	10,000	$	10,000	$	-	$	(10,000)		
107	Landscape Replacement Plants, Shrubs, Trees	$	-	$	-	$	2,500	$	2,500	$	-	$	(2,500)		
108									
109	Parcel 4 Field Operations Subtotal	$	-	$	-	$	24,500	$	24,500	$	-	$	(24,500)	
110								
111	Total Field Operations Subtotal	$	2,915	$	289,932	$	199,000	$	(90,932)	$	1,329,945	$	1,130,945		
112								
113	TOTAL EXPENDITURES	$	53,941	$	412,185	$	343,831	$	(68,354)	$	1,464,829	$	1,120,998	
114								
115	EXCESS OF REVENUES OVER EXPENDITURES	$	186,884	$	(68,354)	$	-	$	(68,354)	$	-	$	-	
116								

	

Comments	

	

	

	

	

	

	

	

5
Feed Mill Community Development District Debt Service
Fiscal Year 2025/2026	

Chart of Accounts Classification	Series 2025	

Budget for 2025/2026	
			
REVENUES			
Special Assessments			
Net Special Assessments (1)	$1,107,873.77	$1,107,873.77	
			
TOTAL REVENUES	$1,107,873.77	$1,107,873.77	

EXPENDITURES			
Administrative			
Debt Service Obligation	$1,107,873.77	$1,107,873.77	
Administrative Subtotal	$1,107,873.77	$1,107,873.77	
			
TOTAL EXPENDITURES	$1,107,873.77	$1,107,873.77	
			
EXCESS OF REVENUES OVER EXPENDITURES	$0.00	$0.00	

Clay County Collection Costs (2%) and Early Payment Discounts (4%):	6.0%

$1,178,589.12

GROSS ASSESSMENTS

(1) Based on estimated Maximum Annual Debt Service for the Series 2025 Bonds.

6
FEED MILL COMMUNITY DEVELOPMENT DISTRICT

FISCAL YEAR 2026/2027 O&M & DEBT SERVICE ASSESSMENT SCHEDULE

2026/2027 O&M Budget:		$765,320.00	2025/2026 O&M Budget:	$343,831.00	
Clay County Collection Costs:	2%	$16,283.40	2026/2027 O&M Budget:	$765,320.00	
Early Payment Discounts:	4%	$32,566.81			
2026/2027 Total:		$814,170.21	Total Difference:	$421,489.00	

Lot Size	Assessment Breakdown

Per Unit Annual Assessment Comparison
2025/2026	2026/2027	

$0.00	

$1,599.99	
$385.11	$900.00	
$385.11	$2,499.99	

$0.00	
$1,899.98	
$463.32	$1,200.00	
$463.32	$3,099.98	

$0.00	
$2,199.98	
$541.53	$1,500.00	
$541.53	$3,699.98	

$301.62	

$900.00	
$301.62	$900.00	

$358.96	
$1,200.00	
$358.96	$1,200.00	

$416.30	
$1,500.00	
$416.30	$1,500.00	

$0.00	

$1,899.98	
$72.27	$68.59	
$72.27	$1,968.57	

$0.00	
$2,199.98	
$72.27	$68.59	
$72.27	$2,268.57	

$72.27	

$68.59	
$72.27	$68.59	

$72.27	
$68.59	
$72.27	$68.59	

$72.27	
$68.59	
$72.27	$68.59	

$72.27	
$68.59	
$72.27	$68.59	

Proposed Increase / Decrease
$	%	

$1,599.99	

N/A	
$514.89	133.70%	
$2,114.88	549.16%	

$1,899.98	
N/A	
$736.68	159.00%	
$2,636.66	569.08%	

$2,199.98	
N/A	
$958.47	176.99%	
$3,158.45	583.25%	

$598.38	

198.39%	
$598.38	198.39%	

$841.04	
234.30%	
$841.04	234.30%	

$1,083.70	
260.32%	
$1,083.70	260.32%	

$1,899.98	

N/A	
-$3.68	-5.09%	
$1,896.30	2623.91%	

$2,199.98	
N/A	
-$3.68	-5.09%	
$2,196.30	3039.02%	

-$3.68	

-5.09%	
-$3.68	-5.09%	

-$3.68	
-5.09%	
-$3.68	-5.09%	

-$3.68	
-5.09%	
-$3.68	-5.09%	

-$3.68	
-5.09%	
-$3.68	-5.09%	

PLATTED - Series 2025 Assessment Area (Phase 1A)

Single Family 40'

Series 2025 Debt Service(1) Operations/Maintenance

Total

Series 2025 Debt Service(1)
Single Family 50'	Operations/Maintenance

Total

Series 2025 Debt Service(1)
Single Family 60'	Operations/Maintenance

Total

PLATTED - Series 2026 Assessment Area (Phase 4A)

Single Family 40'	Operations/Maintenance

Total

Single Family 50'	Operations/Maintenance

Total

Single Family 60'	Operations/Maintenance

Total

UNPLATTED - Series 2025 Assessment Area (Parcel 1)

Series 2025 Debt Service(1)
Single Family 50'	Operations/Maintenance

Total

Series 2025 Debt Service(1)
Single Family 60'	Operations/Maintenance

Total

UNPLATTED - Future Assessment Area (Parcels 1 & 4)

Multifamily 25'	Operations/Maintenance

Total

Single Family 40'	Operations/Maintenance

Total

Single Family 50'	Operations/Maintenance

Total

Single Family 60'	Operations/Maintenance

Total

(1) The District's Series 2025 Bonds were issued in September 2025 and the Series 2025 Assessments will be levied beginning FY 2026-2027.

7

FEED MILL COMMUNITY DEVELOPMENT DISTRICT

FISCAL YEAR 2026/2027 O&M AND DEBT SERVICE ASSESSMENT SCHEDULE	
.

TOTAL O&M BUDGET		$765,320.00	TOTAL ADMIN BUDGET		$134,884.00	TOTAL SHARED FIELD O&M BUDGET		$630,436.00 COLLECTION COSTS @	2%		$16,283.40	COLLECTION COSTS @	2%			$2,869.87	 COLLECTION COSTS @	2%		 $13,413.53 EARLY PAYMENT DISCOUNT @	4%		$32,566.81	EARLY PAYMENT DISCOUNT	4%			$5,739.74	EARLY PAYMENT DISCOUNT @	4%		$26,827.06 TOTAL O&M ASSESSMENT		$814,170.21	TOTAL ADMIN ASSESSMENT			$143,493.62	TOTAL SHARED FIELD ASSESSMENT		 $670,676.60	
	UNITS ASSESSED		ALLOCATION OF ADMINISTRATIVE O&M		ALLOCATION OF FIELD O&M		PER LOT ANNUAL ASSESSMENT		
	
SERIES 2025
L	LOT SIZE	O&M	DEBT SERVICE (1)
U		TOTAL	% TOTAL		TOTAL		ADMIN EAU	EAU's		EAU's	BUDGET	PER LOT
FACTOR		TOTAL	% TOTAL		TOTAL	SHARED FIELD EAU	EAU's		EAU's	BUDGET		PER LOT
FACTOR		
SERIES 2025
O&M	DEBT SERVICE (2)	TOTAL (3)		
	
Series 2025 Assessment Area (Phase 1A)
Single Family 40'	134	134
Single Family 50'	159	159
Single Family 60'	107	107
Series 2026 Assessment Area (Phase 4A)
Single Family 40'	66	0
Single Family 50'	73	0
Single Family 60'	62	0
TOTAL PLATTED	601	400

Series 2025 Assessment Area (Parcel 1)
Single Family 50'	125	125
Single Family 60'	86	86
Future Assessment Area (Parcels 1 & 4)
Multifamily 25'	251	0
Single Family 40'	234	0
Single Family 50'	545	0
Single Family 60'	250	0
TOTAL UNPLATTED	1491	211
TOTAL COMMUNITY	2092	611		

1.00	134.00	6.41%	$9,191.27	$68.59
1.00	159.00	7.60%	$10,906.06	$68.59
1.00	107.00	5.11%	$7,339.30	$68.59

1.00	66.00	3.15%	$4,527.05	$68.59
1.00	73.00	3.49%	$5,007.19	$68.59
1.00	62.00	2.96%	$4,252.68	$68.59

28.73%	$41,223.55

1.00	125.00	5.98%	$8,573.95	$68.59
1.00	86.00	4.11%	$5,898.88	$68.59

1.00	251.00	12.00%	$17,216.49	$68.59
1.00	234.00	11.19%	$16,050.43	$68.59
1.00	545.00	26.05%	$37,382.42	$68.59
1.00	250.00	11.95%	$17,147.90	$68.59

71.27%	$102,270.07

2092.00	100%	$143,493.62		

0.73	98.47	16.61%	$111,408.80	$831.41
1.00	159.00	26.82%	$179,893.97	$1,131.41
1.27	135.37	22.84%	$153,160.68	$1,431.41

0.73	48.50	8.18%	$54,872.99	$831.41
1.00	73.00	12.31%	$82,592.83	$1,131.41
1.27	78.44	13.23%	$88,747.31	$1,431.41

100.00%	$670,676.60

0.00	0.00	0.00%	$0.00	$0.00
0.00	0.00	0.00%	$0.00	$0.00

0.00	0.00	0.00%	$0.00	$0.00
0.00	0.00	0.00%	$0.00	$0.00
0.00	0.00	0.00%	$0.00	$0.00
0.00	0.00	0.00%	$0.00	$0.00

0.00%	$0.00

592.78	100%	$670,676.60		

$900.00	$1,599.99	$2,499.99
$1,200.00	$1,899.98	$3,099.98
$1,500.00	$2,199.98	$3,699.98

$900.00	$0.00	$900.00
$1,200.00	$0.00	$1,200.00
$1,500.00	$0.00	$1,500.00

$68.59	$1,899.98	$1,968.57
$68.59	$2,199.98	$2,268.57

$68.59	$0.00	$68.59
$68.59	$0.00	$68.59
$68.59	$0.00	$68.59
$68.59	$0.00	$68.59		

LESS: Clay County Collection Costs (2%) and Early Payment Discounts (4%):	($8,609.62)	($40,240.60)

Net Revenue to be Collected:	$134,884.00	$630,436.00	

(1) Reflects the number of total lots with Series 2025 debt outstanding.

(2) Annual debt service assessment per lot adopted in connection with the Series 2025 bond issue. Annual assessment includes principal, interest, Clay collection costs and early payment discount costs.

(3) Annual assessment that will appear on November 2026 Clay county property tax bill for platted lots only. Amount shown includes all applicable collection costs. Property owner is eligible for a discount of up to 4% if paid early.	

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. The second way is by Off Roll collection.

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.

Facilities Rentals: The District may receive monies for the rental of certain facilities by outside sources, for such items as office space, snack bar/restaurants 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.

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 services 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/or annual disclosure reports, as required in the District’s Continuing Disclosure Agreement(s), 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 maintain the assessment roll and annually levy a Non-Ad Valorem assessment for operating and debt service expenses.
Financial Consulting & Revenue Collections: Services include investment administration of the District's bank and trust accounts, if applicable, ongoing banking analyses, and related consulting services to support prudent cash management in compliance with applicable statutory requirements. However, the firm does not serve as a Municipal Advisor and does not provide investment advice. The firm also provides comprehensive billing, collection, and reporting of District assessments to fund debt service and operations, including direct billings, funding requests and owner inquiries. This line item also includes the fees incurred for a Collection Agent to collect the funds for the principal and interest payment for any bond-related collection needs.  These funds are collected as prescribed in the Trust Indentures. The Collection Agent also 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, 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

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 fees 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:

Deputy Services: The District may wish to contract with the local police agency to provide security for the District.

Security Services and Patrols:	The District may wish to contract with a private company to provide security for the District.

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

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

Utility - Recreation Facility: The District may budget separately for its recreation and or amenity electric separately.

Gas Utility Services: The District may incur gas utility expenditures related to district operations at its facilities such as pool heat etc.

Garbage - Recreation Facility:	The District will incur expenditures related to the removal of garbage and solid waste.

Solid Waste Assessment Fee: The District may have an assessment levied by another local government for solid waste, etc.
Water-Sewer Utility Services: The District will incur water/sewer utility expenditures related to district operations.
Utility - Reclaimed: The District may incur expenses related to the use of reclaimed water for irrigation.
Aquatic Maintenance: Expenses related to the care and maintenance of the lakes and ponds for the control of nuisance plant and algae species.

Fountain Service Repairs & Maintenance:	The District may incur expenses related to maintaining the fountains within throughout the Parks & Recreational areas

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.

Wetland Monitoring & Maintenance: The District may be required to provide for certain types of monitoring and maintenance activities for various wetlands and waterways by other governmental entities.

Mitigation Area Monitoring & Maintenance: The District may be required to provide for certain types of monitoring and maintenance activities for various mitigation areas by other governmental entities.

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

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.

Field Services: The District may contract for field management services to provide landscape maintenance oversight.

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

Gate Phone: The District will incur telephone expenses if the District has gates that are to be opened and closed.

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.
Gate Facility Maintenance: Expenses related to the ongoing repairs and maintenance of gates owned by the District if any.
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.

Employees - Salaries: The District may incur expenses for employees/staff members needed for the recreational facilities such as Clubhouse Staff.

Employees - P/R Taxes: This is the employer’s portion of employment taxes such as FICA etc.

Employee - Workers’ Comp: Fees related to obtaining workers compensation insurance.

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

Maintenance & Repair: The District may incur expenses to maintain 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.

Telephone, Fax, Internet: The District may incur telephone, fax and internet expenses related to the recreational facilities.

Office Supplies: The District may have an office in its facilities which require various office related supplies.
Clubhouse - Facility Janitorial Service: Expenses related to the cleaning of the facility and related supplies.
Pool Service Contract: Expenses related to the maintenance of swimming pools and other water features.

Pool Repairs: Expenses related to the repair of swimming pools and other water features.

Security System Monitoring & Maintenance: The District may wish to install a security system for the clubhouse

Clubhouse Miscellaneous Expense: Expenses which may not fit into a defined category in this section of the budget

Athletic/Park Court/Field Repairs: Expense related to any facilities such as tennis, basketball etc.

Trail/Bike Path Maintenance: Expenses related to various types of trail or pathway systems the District may own, from hard surface to natural surfaces.

Special Events: Expenses related to functions such as holiday events for the public enjoyment

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.

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 be a combination of the principal and interest payment to satisfy the annual repayment of the bond issue debt.