Bonita Village
Community Development District

Adopted Budget
FY2024

Table of Contents

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	General Fund

	Narratives

	Assessments

Bonita Village	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2023	8/31/23	1 Months	9/30/23	FY 2024	

REVENUES:

Maintenance Assessments	$61,363	$64,102	$-	$64,102	$61,363	
State Board - Interest	115	2,910	265	3,174	200	
Carry Forward Balance	38,246	52,704	-	52,704	37,175	

TOTAL REVENUES	$99,724	$119,716	$265	$119,980	$98,738	

EXPENDITURES:

Administrative:						
Engineering	$4,500	$750	$750	$1,500	$4,500	
Attorney	5,350	3,086	1,029	4,114	5,350	
Annual Audit	3,300	3,200	-	3,200	3,300	
Management Fees	27,295	25,020	2,275	27,295	28,114	
Website Maintenance	1,000	917	83	1,000	1,000	
Telephone	30	-	15	15	30	
Postage & Delivery	350	9	25	34	350	
Insurance General Liability	6,900	6,918	-	6,918	7,610	
Printing & Binding	350	78	16	94	350	
Legal Advertising	1,500	-	500	500	1,500	
Other Current Charges	725	394	250	644	725	
Office Supplies	92	-	25	25	80	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$51,567	$40,547	$4,967	$45,514	$53,084	
Operations & Maintenance						

Field Expenditures						
Field Management	$20,000	$15,000	$-	$15,000	$20,000	
Storm Drain Maintenance	18,000	15,900	577	16,477	18,000	
Contingency	10,157	5,330	485	5,815	7,654	
TOTAL FIELD EXPENDITURES	$48,157	$36,230	$1,062	$37,292	$45,654	

TOTAL EXPENDITURES	$99,724	$76,777	$6,029	$82,806	$98,738	

EXCESS REVENUES (EXPENDITURES)	$-	$42,939	$(5,764)	$37,175	$0	

Bonita Village	
Community Development District	
Budget Narrative	
Fiscal Year 2024	

REVENUES	
Maintenance Assessments
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.	
State Board Interest
The District earns interest on the monthly average collected balance for each of their State Board accounts.	

Expenditures - Administrative	

Engineering
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.	
Attorney
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.	
Annual Audit
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Website Maintenance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website 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 monthly.	
Communication - Telephone
New internet and Wi-Fi service for Office.	
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Insurance General Liability
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.	
Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Other Current Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity Community Affairs for $175.	

Bonita Village	
Community Development District	
Budget Narrative	
Fiscal Year 2024	

Expenditures – 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.	

Bonita Village	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2024-2023	

Neighborhood	O&M
Units	Annual Maintenance Assessments	Total Assessed Per Unit	
	FY 2024	FY 2023	Variance	FY 2024	FY 2023	Variance	

Single Family	
80	
$	340.00	
$	340.00	
$	-	
$	340.00	
$	340.00	
$	-	
Undeveloped Land	10.7965	$	3,527.07	$	3,527.07	$	-	$  3,527.07	$	3,527.07	$	-	
Total	90.7965	$	65,280.02	$	65,280.02	$	-	$ 65,280.02	$ 65,280.02	$	-	

Gross Assessments		

$	65,280.02	

$	65,280.02	

$	-	

$  65,280.02	

$  65,280.02	

$	-	
Less: Discount 4%		2,611.20	2,611.20	-	2,611.20	2,611.20	-	
Less: Commission fees 2%		1,305.60	1,305.60	-	1,305.60	1,305.60	-	
Net Assessments		$  61,363.22	$	61,363.22		$ 61,363.22	$  61,363.22