Old Town Floridian Community Development District

Proposed Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

PROPOSED BUDGET

PROPOSED FINAL BUDGET

PROPOSED BUDGET
OLD TOWN FLORIDIAN COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2023/2024 BUDGET	
O&M Assessments	0	
Developer Contribution	108,125	
Debt Assessments	0	
Interest Income	0	
		
TOTAL REVENUES	$	108,125	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	0	
Management	29,400	
Legal	15,000	
Assessment Roll	6,500	
Audit Fees	4,300	
Arbitrage Rebate Fee	650	
Insurance	6,000	
Legal Advertisements	3,000	
Miscellaneous	1,250	
Postage	300	
Office Supplies	800	
Dues & Subscriptions	175	
Website Management & ADA Compliance	1,500	
Trustee Fees	4,250	
Continuing Disclosure Fee	2,000	
Total Administrative Expenditures	$	75,125	
		
Maintenance Expenditures		
Engineering/Inspections	3,000	
Miscellaneous Maintenance	15,000	
Infrastructure Maintenance	15,000	
Total Maintenance Expenditures	$	33,000	
		
TOTAL EXPENDITURES	$	108,125	
		
REVENUES LESS EXPENDITURES	$	-	
		
Bond Payments	0	
		
BALANCE	$	-	
		
County Appraiser & Tax Collector Fee	0	
Discounts For Early Payments	0	
		
EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
OLD TOWN FLORIDIAN COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2021/2022 ACTUAL	
FISCAL YEAR 2022/2023 BUDGET	
FISCAL YEAR 2023/2024 BUDGET	

COMMENTS	
O&M Assessments	0	0	0		
Developer Contribution	50,000	107,825	108,125	Developer Contribution	
Debt Assessments	0	0	0		
Interest Income	1	0	0		
					
TOTAL REVENUES	$	50,001	$	107,825	$	108,125		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	0	0	0		
Management	29,400	29,400	29,400		
Legal	7,775	15,000	15,000		
Assessment Roll	0	6,500	6,500	Will Commence In Fiscal Year Following Issuing Of Bond	
Audit Fees	0	4,000	4,300	Fee Will Be Adjusted If Bond Is Issued	
Arbitrage Rebate Fee	0	650	650	Will Commence In Fiscal Year Following Issuing Of Bond	
Insurance	5,000	6,000	6,000	Insurance Estimate	
Legal Advertisements	461	3,000	3,000		
Miscellaneous	114	1,250	1,250		
Postage	92	300	300		
Office Supplies	164	800	800		
Dues & Subscriptions	175	175	175	Annual Fee Due Department Of Economic Opportunity	
Website Management & ADA Compliance	1,500	1,500	1,500		
Trustee Fees	0	4,250	4,250	Will Commence In Fiscal Year Following Issuing Of Bond	
Continuing Disclosure Fee	0	2,000	2,000	Will Commence In Fiscal Year Following Issuing Of Bond	
Total Administrative Expenditures	$	44,681	$	74,825	$	75,125		
					
Maintenance Expenditures					
Engineering/Inspections	52	3,000	3,000	Engineers Report To Be Included In Bond Cost Of Issuance	
Miscellaneous Maintenance	0	15,000	15,000		
Infrastructure Maintenance	0	15,000	15,000		
Total Maintenance Expenditures	$	52	$	33,000	$	33,000		
					
TOTAL EXPENDITURES	$	44,733	$	107,825	$	108,125		
					
REVENUES LESS EXPENDITURES	$	5,268	$	-	$	-		
					
Bond Payments	0	0	0		
					
BALANCE	$	5,268	$	-	$	-		
					
County Appraiser & Tax Collector Fee	0	0	0		
Discounts For Early Payments	0	0	0		
					
EXCESS/ (SHORTFALL)	$	5,268	$	-	$	-