Bauer Drive	
Community Development District	

Adopted Budget - Option 2	
FY 2025	

Table of Contents

1

2-3

4-6

General Fund

Narratives

Debt Service Fund Series 2023

7	Assessment Schedule

Bauer Drive	
Community Development District	
Adopted Budget - Option 2	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget
- Option 2	
Description	FY2024	6/30/24	3 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments - On Roll	$	56,700	$	57,023	$	-	$	57,023	$	82,340	

TOTAL REVENUES	$56,700	$57,023	$-	$57,023	$82,340	

EXPENDITURES:

Administrative						
Engineering	$	200	$	1,129	$	-	$	1,129	$	1,000	
Attorney	12,000	9,388	823	10,211	11,200	
Annual Audit	4,000	4,000	-	4,000	4,200	
Assessment Administration	2,000	2,000	-	2,000	2,000	
Dissemination Agent	1,200	900	300	1,200	1,284	
Trustee Fees	4,257	4,256	-	4,256	4,257	
Management Fees	24,000	18,000	6,000	24,000	25,680	
Information Technology	1,000	750	250	1,000	1,070	
Website Maintenance	1,000	750	250	1,000	1,070	
Telephone	30	-	8	8	30	
Postage & Delivery	100	14	25	39	100	
Insurance General Liability	5,688	5,200	-	5,200	5,720	
Printing & Binding	50	37	13	50	50	
Legal Advertising	500	1,071	125	1,196	1,000	
Other Current Charges	500	1,092	468	1,560	1,404	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Contingency	-	-	-	-	2,600	

Total Administrative	$56,700	$48,762	$8,261	$57,023	$62,840	

Operations and Maintenance						
Lift Station	$	-	$	-	$	-	$	-	$11,040	
Wireless Service	-	-	-	-	960	
Contingency	-	-	-	-	7,500	

TOTAL OPERATIONS AND MAINTENANCE	$	-	$	-	$	-	$	-	$	19,500	

TOTAL EXPENDITURES	$56,700	$48,762	$8,261	$57,023	$82,340	

EXCESS REVENUES (EXPENDITURES)	$	-	$8,261	$(8,261)	$	-	$	-	

Bauer Drive	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

REVENUES	

Special Assessments-Tax Roll	
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.	

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.	
Assessment Administration	
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
Dissemination Agent	
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.	
Trustee Fees	
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.	
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.	
Information Technology	
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.	
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.	

Bauer Drive	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

Expenditures - Administrative (continued)	

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.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Florida Department of Commerce for $175.	
Contingency	
A contingency for any unanticipated and unscheduled cost to the District.	
Expenditures – Field	

Lift Station	
The District has contracted with South Florida Utilities Inc., D.B.A Lift Station Services to maintain and repair all lift stations throughout the fiscal year.	
Wirless Service	
The District is required to pay for a phone line for emergencies at the Lift Station.	

Contingency	
Represents an unanticipated cost associated with the operation and maintenance of the District's field operations.	

Bauer Drive	
Community Development District	
Adopted Budget - Option 2	
Debt Service Series 2023 Special Assessment Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget
- Option 2	
Description	FY2024	6/30/24	3 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments-On Roll	$104,950	$105,034	$	-	$105,034	$104,950	
Direct Assessment	-	40,444	-	40,444	-	
Interest Earnings	-	3,711	300	4,011	1,000	
Carry Forward Surplus (1)	41,271	192	-	192	47,075	

TOTAL REVENUES	$146,220	$149,380	$300	$149,680	$153,024	

EXPENDITURES:

Interest - 12/15	$	40,444	$40,444	$	-	$40,444	$39,994	
Interest - 06/15	40,444	40,444	-	40,444	39,994	
Principal - 06/15	20,000	20,000	-	20,000	25,000	

TOTAL EXPENDITURES	$100,888	$100,888	$-	$100,888	$104,988	

Other Sources/(Uses)

Interfund transfer In/(Out)	$	-	$	(1,718)	$	-	$	(1,718)	$	-	

TOTAL OTHER SOURCES/(USES)	$	-	$	(1,718)	$	-	$	(1,718)	$	-	

TOTAL EXPENDITURES	$100,888	$102,605	$-	$102,605	$104,988	

EXCESS REVENUES (EXPENDITURES)	$45,333	$46,775	$300	$47,075	$48,037	

Interest Due 12/15/25	$39,431	
	$39,431	

(1) Carry Forward is Net of Reserve Requirement

Bauer Drive	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2023 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

06/15/23	$1,515,000	4.500%	$-	$18,649.06		
12/15/23	1,515,000	4.500%	-	40,443.75	59,092.81	
06/15/24	1,515,000	4.500%	20,000	40,443.75		
12/15/24	1,495,000	4.500%	-	39,993.75	100,437.50	
06/15/25	1,495,000	4.500%	25,000	39,993.75		
12/15/25	1,470,000	4.500%	-	39,431.25	104,425.00	
06/15/26	1,470,000	4.500%	25,000	39,431.25		
12/15/26	1,445,000	4.500%	-	38,868.75	103,300.00	
06/15/27	1,445,000	4.500%	25,000	38,868.75		
12/15/27	1,420,000	4.500%	-	38,306.25	102,175.00	
06/15/28	1,420,000	4.500%	25,000	38,306.25		
12/15/28	1,395,000	4.500%	-	37,743.75	101,050.00	
06/15/29	1,395,000	4.500%	25,000	37,743.75		
12/15/29	1,370,000	4.500%	-	37,181.25	99,925.00	
06/15/30	1,370,000	4.500%	30,000	37,181.25		
12/15/30	1,340,000	5.375%	-	36,506.25	103,687.50	
06/15/31	1,340,000	5.375%	30,000	36,506.25		
12/15/31	1,310,000	5.375%	-	35,700.00	102,206.25	
06/15/32	1,310,000	5.375%	30,000	35,700.00		
12/15/32	1,280,000	5.375%	-	34,893.75	100,593.75	
06/15/33	1,280,000	5.375%	35,000	34,893.75		
12/15/33	1,245,000	5.375%	-	33,953.13	103,846.88	
06/15/34	1,245,000	5.375%	35,000	33,953.13		
12/15/34	1,210,000	5.375%	-	33,012.50	101,965.63	
06/15/35	1,210,000	5.375%	40,000	33,012.50		
12/15/35	1,170,000	5.375%	-	31,937.50	104,950.00	
06/15/36	1,170,000	5.375%	40,000	31,937.50		
12/15/36	1,130,000	5.375%	-	30,862.50	102,800.00	
06/15/37	1,130,000	5.375%	40,000	30,862.50		
12/15/37	1,090,000	5.375%	-	29,787.50	100,650.00	
06/15/38	1,090,000	5.375%	45,000	29,787.50		
12/15/38	1,045,000	5.375%	-	28,578.13	103,365.63	
06/15/39	1,045,000	5.375%	45,000	28,578.13		
12/15/39	1,000,000	5.375%	-	27,368.75	100,946.88	
06/15/40	1,000,000	5.375%	50,000	27,368.75		
12/15/40	950,000	5.375%	-	26,025.00	103,393.75	
06/15/41	950,000	5.375%	50,000	26,025.00		
12/15/41	900,000	5.375%	-	24,681.25	100,706.25	
06/15/42	900,000	5.375%	55,000	24,681.25		
12/15/42	845,000	5.375%	-	23,203.13	102,884.38	
06/15/43	845,000	5.375%	55,000	23,203.13		
12/15/43	790,000	5.500%	-	21,725.00	99,928.13	
06/15/44	790,000	5.500%	60,000	21,725.00		
12/15/44	730,000	5.500%	-	20,075.00	101,800.00	
06/15/45	730,000	5.500%	65,000	20,075.00		
12/15/45	665,000	5.500%	-	18,287.50	103,362.50	
06/15/46	665,000	5.500%	70,000	18,287.50		
12/15/46	595,000	5.500%	-	16,362.50	104,650.00	
06/15/47	595,000	5.500%	70,000	16,362.50		
12/15/47	525,000	5.500%	-	14,437.50	100,800.00	
06/15/48	525,000	5.500%	75,000	14,437.50		

Bauer Drive	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2023 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

Continued						
12/15/48	450,000	5.500%	-	12,375.00	101,812.50	
06/15/49	450,000	5.500%	80,000	12,375.00		
12/15/49	370,000	5.500%	-	10,175.00	102,550.00	
06/15/50	370,000	5.500%	85,000	10,175.00		
12/15/50	285,000	5.500%	-	7,837.50	103,012.50	
06/15/51	285,000	5.500%	90,000	7,837.50		
12/15/51	195,000	5.500%	-	5,362.50	103,200.00	
06/15/52	195,000	5.500%	95,000	5,362.50		
12/15/52	100,000	5.500%	-	2,750.00	103,112.50	
12/15/53	100,000	5.500%	100,000	2,750.00	102,750.00	

Total	$1,515,000	$1,614,380	$3,129,380	

Bauer Drive	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2024-2025	

Neighborhood	
O&M Units	Bonds Series 2023
Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	FY 2025	FY2024	Increase/ (decrease)	FY 2025	FY2024	Increase/ (decrease)	FY 2025	FY2024	Increase/ (decrease)	

Townhomes	

105	

105	

$825.46	

$568.42	

$257.04	

$1,052.13	

$1,052.13	

$0.00	

$1,877.59	

$1,620.55	

$257.04	
Total	105	105										

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