Bradbury
Community Development District

Proposed Budget
FY2024

Table of Contents

1		General Fund

2-4		General Fund Narrative

Community Development District
Proposed Budget General Fund

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2023	3/31/23	6 Months	9/30/23	FY2024	

Revenues						
Developer Contributions	$	188,770	$	45,000	$	51,356	$	96,356	$	459,495	
Total Revenues	$	188,770	$	45,000	$	51,356	$	96,356	$	459,495	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	3,200	
$	6,000	
$	9,200	
$	12,000	
Engineering	$	15,000	$	5,188	$	7,500	$	12,688	$	15,000	
Attorney	$	25,000	$	4,435	$	6,300	$	10,735	$	25,000	
Annual Audit	$	4,000	$	-	$	-	$	-	$	4,000	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	5,000	
Arbitrage	$	450	$	-	$	-	$	-	$	450	
Dissemination	$	5,000	$	-	$	-	$	-	$	5,000	
Trustee Fees	$	4,020	$	-	$	-	$	-	$	4,020	
Management Fees	$	37,500	$	18,750	$	18,750	$	37,500	$	37,500	
Information Technology	$	1,800	$	900	$	900	$	1,800	$	1,800	
Website Maintenance	$	1,200	$	2,350	$	600	$	2,950	$	1,200	
Postage & Delivery	$	1,000	$	217	$	300	$	517	$	600	
Insurance	$	5,000	$	5,000	$	-	$	5,000	$	5,750	
Copies	$	1,000	$	-	$	200	$	200	$	500	
Legal Advertising	$	15,000	$	10,966	$	4,034	$	15,000	$	15,000	
Other Current Charges	$	5,000	$	-	$	500	$	500	$	1,000	
Office Supplies	$	625	$	46	$	46	$	92	$	500	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	138,770	$	51,227	$	45,130	$	96,356	$	134,495	

Operations & Maintenance
Playground & Furniture Lease	

$	25,000	

$	-	

$	-	

$	-	

$	75,000	
Field Contingency	$	25,000	$	-	$	-	$	-	$	250,000	
Total Operations & Maintenance	$	50,000	$	-	$	-	$	-	$	325,000	
						
Total Expenditures	$	188,770	$	51,227	$	45,130	$	96,356	$	459,495	
						
Excess Revenues/(Expenditures)	$	-	$	(6,227)	$	6,227	$	-	$	-	

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:

General & 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.

Engineering

The District's engineer, Dewberry Engineers Inc., provides general engineering services to the District, e.g., attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, Kilinski I Wyk, PLLC, provides general legal services to the District, e.g., attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on an anticipated bond issuance.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon an anticipated bond issuance.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc. Governmental Management Services-Central Florida, LLC, provides these services.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages.

Copies

Printing agenda items 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

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

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.

Operations & Maintenance:

Playground & Furniture Lease

The District will enter into a leasing agreement for playgrounds and furniture installed in the community.

Field Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.