Stoneybrook South at ChampionsGate
Community Development District

Adopted Budget
FY 2018

Stoneybrook South at ChampionsGate
Community Development District

Fiscal Year 2018 General Fund

	Adopted
Budget	Actual
Thru	Next
2	Projected
Thru	Adopted
Budget	
Description	FY2017	7/31/17	Months	9/30/17	FY2018	

Revenues						
Developer Contributions	$85,365	$63,183	$2,857	$66,040	$87,365	
Total Revenues	$85,365	$63,183	$2,857	$66,040	$87,365	

Expenditures						
Administrative						
Supervisor Fees	$0	$0	$0	$0	$0	
FICA Expense	$0	$0	$0	$0	$0	
Engineering	$12,000	$525	$475	$1,000	$12,000	
Attorney	$25,000	$10,050	$4,950	$15,000	$25,000	
Annual Audit	$0	$0	$0	$0	$2,500	
Management Fees	$32,500	$26,734	$8,125	$34,859	$32,500	
Information Technology	$1,100	$1,000	$100	$1,100	$600	
Telephone	$300	$6	$9	$15	$300	
Postage	$1,000	$59	$41	$100	$1,000	
Insurance	$5,665	$4,164	$0	$4,164	$5,665	
Printing & Binding	$1,000	$294	$106	$400	$1,000	
Legal Advertising	$5,000	$8,846	$500	$9,346	$5,000	
Other Current Charges	$1,000	$0	$50	$50	$1,000	
Office Supplies	$625	$3	$2	$5	$625	
Dues, Licenses & Subscriptions	$175	$0	$0	$0	$175	
Total Expenditures	$85,365	$51,682	$14,358	$66,040	$87,365	
						
Excess Revenues/(Expenditures)	$0	$11,501	($11,501)	$0	$0	

REVENUES:

Developer Contributions

The District will enter into a Funding Agreement with the Developer to fund the General Fund expenditures for the fiscal year.

EXPENDITURES:

Administrative:

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, preparation and review of contract specifications and bid documents and various projects assigned 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 board monthly meetings, preparation and review of agreements, resolutions and other research as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm if State requirements have been met.

Management Fees

The District will be contracting with Governmental Management Services-CF, LLC to provide Management, Accounting and Recording Secretary Services for the District. 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 District’s accounting and information systems, District’s website one time registration fees, creation and monthly maintenance, electronic compliance with Florida Statutes and other electronic date requirements.

Telephone

Telephone and fax machine.

Postage

Mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability, public officials liability and property insurance coverages. The coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes. Photocopies and other printed material.

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

Miscellaneous office supplies.

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.