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Gardens at Hammock Beach

Community Development District

Adopted Budget

FY 2020

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Table of Contents

1	General Fund

2-3	General Fund Narrative

Gardens at Hammock Beach

Community Development District

						Adopted		Adopted		
						Budget		Budget		
	Description		FY2019		FY2020		
	Revenues						
	Developer Contributions	$16,975	$16,975		
	Total Revenues					
		$16,975		$16,975		
	Expenditures						
							
	Administrative						
	Annual Audit	$2,500	$2,500		
	Engineering	$5,000	$5,000		
	Attorney	$5,000	$5,000		
	Management Fees	$2,000	$2,000		
	Information Technology	$100	$100		
	Telephone	$100	$100		
	Postage	$250	$250		
	Insurance	$0	$0		
	Printing & Binding	$250	$250		
	Legal Advertising	$500	$500		
	Other Current Charges	$1,000	$1,000		
	Office Supplies	$100	$100		
	Dues, Licenses & Subscriptions	$175	$175		
						
	Total Expenditures	$16,975	$16,975		
	Excess Revenues/(Expenditures)					
						
		$0		$0		

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Gardens at Hammock Beach

Community Development District

GENERAL FUND BUDGET

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:

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

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, etc.

Attorney

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

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 reporting, 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.

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Gardens at Hammock Beach

Community Development District

GENERAL FUND BUDGET

Postage

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

Insurance

The District’s general liability, public officials’ liability and property insurance coverages. The District does not maintain insurance.

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 Board meetings, public hearings, etc in a newspaper of general circulation.

Other Current Charges

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

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.

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