Shingle Creek at Bronson Community Development District

Adopted Budget
FY 2020

Table of Contents

1	 	General Fund

2-3	 	General Fund Narrative

Shingle Creek at Bronson
Community Development District

Adopted Budget
Description	FY2020

Revenues
Developer Contributions	$70,494

Total Revenues	 	$70,494 

Expenditures
Administrative

Supervisor Fees	$0
FICA Expense	$0
Engineering*	$9,000
Attorney*	$18,750
Management Fees*	$26,250
Information Technology*	$900
Website Creation/ADA Compliance	$2,500
Telephone*	$225
Postage*	$750
Insurance	$5,000
Printing & Binding*	$750
Legal Advertising	$5,000
Other Current Charges*	$750
Office Supplies*	$469
Dues, Licenses & Subscriptions	$150

Total Expenditures	 	$70,494 

Excess Revenues/(Expenditures)	 	$0 

*Prorated amount represents 9 months of fiscal year.

Shingle Creek at Bronson
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:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings. No expense for this line item is anticipated at this time.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisor checks.

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.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services.

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.

Shingle Creek at Bronson
Community Development District
GENERAL FUND BUDGET

Website Creation/ADA Compliance

Represents an estimated cost to create the initial District website and ensure District meets ADA compliance guidelines.

Telephone

Telephone and fax machine.

Postage

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

Insurance

The District’s general liability, public officials liability and property insurance coverages.

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 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.