Adopted Budget	
Fiscal Year 2023	

Bonita Village	
Community Development District	

May 11, 2022	
.	

Bonita Village	
Community Development District	

TABLE OF CONTENTS

General Fund	
Budget	
Budget Narrative	

Page 1	
Page 2-3	

Bonita Village	
Community Development District	

 	
General Fund	
FY 2023	

Adopted	
Budget	
  FY 2022		

Actual	
Thru	
  3/31/2022 	

Projected	
Next	
  6 Months 	

Projected	
thru	
  9/30/2022 	

Adopted	
Budget	
  FY 2023		

 Description	

Revenues	
Maintenance Assessments	
State Board - Interest	
Unassigned Fund Balance	

$61,363	
$180	
$36,664	

$24,306	
$67	
$57,555	

$37,057	
$60	
$0	

$61,363	
$127	
$57,555	

$61,363	
$115	
$38,246	

Total Revenues	$98,207		$81,927		$37,117		$119,044		$99,725	

Expenditures										

Administrative	
Engineering Fees	
Attorney Fees	
Annual Audit	
Management Fees	
Website Compliance	
Telephone	
Postage	
Printing & Binding	
Insurance	
Legal Advertising	
Other Current Charges	
Office Supplies	
Dues, Licenses & Subscriptions	

$4,500	
$5,350	
$3,200	
$25,750	
$1,000	
$30	
$350	
$350	
$6,900	
$1,500	
$725	
$92	
$175	

$2,250	
$1,259	
$3,100	
$12,875	
$500	
$0	
$7	
$6	
$6,436	
$602	
$282	
$0	
$175	

$2,250	
$3,776	
$100	
$12,875	
$500	
$15	
$343	
$150	
$0	
$898	
$565	
$35	
$0	

$4,500	
$5,034	
$3,200	
$25,750	
$1,000	
$15	
$350	
$156	
$6,436	
$1,500	
$847	
$35	
$175	

$4,500	
$5,350	
$3,300	
$27,295	
$1,000	
$30	
$350	
$350	
$6,900	
$1,500	
$725	
$92	
$175	

Total Administrative	$49,922	$27,491	$21,507	$48,998	$51,567

Field	
Field Management Services	
Storm Drain Maintenance	
Contingency	

$20,000	
$18,000	
$10,285	

$15,000	
$13,800	
$0	

$0	
$0	
$3,000	

$15,000	
$13,800	
$3,000	

$20,000	
$18,000	
$10,158	

Total Field	$48,285		$28,800		$3,000		$31,800		$48,158	
										
TOTAL EXPENDITURES	$98,207		$56,291		$24,507		$80,798		$99,725	
										
Unassigned Fund Balance	$0		$25,636		$12,611		$38,246		$0	

Description	Units/Acres	Rate	Total (Gross)
$27,200.00
$38,080.00
$65,280.00	
Platted Units	80	$340.00		
Undeveloped Land	10.797	$3,527.07		
Total		
Less Discounts/Collection Fees (6%)	$61,363.20	

Page 1

Bonita Village
Community Development District

REVENUES:

Maintenance Assessments
The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all of the operating expenses for the Fiscal Year in accordance with the adopted budget.

Interest Income
The District will have all excess funds invested with the State Board of Administration. The amount is based upon the estimated average balance of funds available during the fiscal year.

EXPENDITURES:

Administrative:

Engineering Fees
The District's engineer will be providing general engineering services to the District, i.e. 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, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Per Section 218.39 of the Florida Statues, each special district with total revenues or expenditures in excess of $100,000 OR any special district with revenue or expenses between $50,000 and $100,000 that has not been subject to a financial audit in the 2 preceding fiscal years must perform an independent annual audit.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – South Florida, LLC.

Website Compliance
Per section 189.069 F.S, all Districts must have a website by October 1, 2015 to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated as required by the statute.

Telephone
Telephone and fax machine.

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

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. FIA specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.

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 that incurred during the year.

Page 2

Bonita Village
Community Development District

Administrative: (continued)

Office Supplies
Miscellaneous office supplies.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Field:

Field Management
For the supervision and on-site management of Bonita Village CDD. The responsibilities include reviewing contracts and other maintenance related items.

Storm Drain Maintenance
District will hire an on-site person to handle weekly inspections, logging and maintenance of the storm drain system.

Contingency
Represents any future un-budgeted expenditures the District may need to make during the Fiscal Year.

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