Old Town Floridian Community Development District

Proposed Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

PROPOSED BUDGET

PROPOSED PROPOSED BUDGET

PROPOSED BUDGET
OLD TOWN FLORIDIAN COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025 BUDGET	
O&M Assessments	0	
Developer Contribution	110,165	
Debt Assessments	0	
Interest Income	60	
		
TOTAL REVENUES	$	110,225	
		
EXPENDITURES		
Administrative Expenditures		
Supervisor Fees	0	
Management	29,400	
Legal	15,000	
Assessment Roll	6,500	
Audit Fees	4,400	
Arbitrage Rebate Fee	650	
Insurance	6,000	
Legal Advertisements	5,000	
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	$	77,225	
		
Maintenance Expenditures		
Engineering/Inspections	3,000	
Miscellaneous Maintenance	15,000	
Infrastructure Maintenance	15,000	
Total Maintenance Expenditures	$	33,000	
		
TOTAL EXPENDITURES	$	110,225	
		
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 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	
O&M Assessments	0	0	0		
Developer Contribution	50,000	108,125	110,165	Developer Contribution	
Debt Assessments	0	0	0		
Interest Income	187	0	60	Interest Projected At $5 Per Month	
					
TOTAL REVENUES	$	50,187	$	108,125	$	110,225		
					
EXPENDITURES					
Administrative Expenditures					
Supervisor Fees	0	0	0		
Management	29,400	29,400	29,400		
Legal	7,585	15,000	15,000		
Assessment Roll	0	6,500	6,500	Will Commence In Fiscal Year Following Issuing Of Bond	
Audit Fees	3,200	4,300	4,400	Fee Will Be Adjusted If Bond Is Issued	
Arbitrage Rebate Fee	0	650	650	Will Commence In Fiscal Year Following Issuing Of Bond	
Insurance	5,375	6,000	6,000	FY 2023/2024 Expenditure Was $5,375	
Legal Advertisements	277	3,000	5,000	Costs For Required Advertising Will Increase Due To Closing Of Miami Business Review	
Miscellaneous	127	1,250	1,250		
Postage	132	300	300		
Office Supplies	188	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	$	47,959	$	75,125	$	77,225		
					
Maintenance Expenditures					
Engineering/Inspections	0	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	$	-	$	33,000	$	33,000		
					
TOTAL EXPENDITURES	$	47,959	$	108,125	$	110,225		
					
REVENUES LESS EXPENDITURES	$	2,228	$	-	$	-		
					
Bond Payments	0	0	0		
					
BALANCE	$	2,228	$	-	$	-		
					
County Appraiser & Tax Collector Fee	0	0	0		
Discounts For Early Payments	0	0	0		
					
EXCESS/ (SHORTFALL)	$	2,228	$	-	$	-