Adopted Budget	
Fiscal Year 2022	
Fiscal Year 2023	

Bauer Drive	
Community Development District	

April 22, 2022

Bauer Drive	
Community Development District	

General Fund

Adopted	
Budget	
 	FY 2022		

Adopted	
Budget	
 	FY 2023		

Revenues	
Developer Contributions/Assessments	

 Description	

$57,120	$57,120

Total Revenues	 	$57,120	 	$57,120 

Expenditures

Administrative

Engineering Fees	
Arbitrage	
Dissemination Agent	
Assessment Roll	
Attorney Fees	
Annual Audit	
Trustee Fees	
Management Fees	
Computer Time	
Telephone	
Postage	
Printing & Binding	
Insurance	
Legal Advertising	
Other Current Charges	
Website Compliance	
Office Supplies	
Dues-Annual Fee DEO	

$200	
$550	
$1,200	
$2,000	
$12,000	
$4,000	
$3,500	
$24,000	
$1,000	
$100	
$145	
$100	
$5,000	
$1,200	
$850	
$1,000	
$100	
$175	

$200	
$550	
$1,200	
$2,000	
$12,000	
$4,000	
$3,500	
$24,000	
$1,000	
$100	
$145	
$100	
$5,000	
$1,200	
$850	
$1,000	
$100	
$175	

Total Expenditures	 	$57,120	 	$57,120 Excess Revenues/Expenditures			$0			$0

# Units	Net Assessment	Net Per Unit	
105	$57,120	$544	

Page 1

REVENUES:

Developer Contributions/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.

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.

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.

Arbitrage
The District is required to have an annual arbitrage rebate calculation on the District’s Bonds. The District will contract with an independent auditing firm to perform the calculations.

Assessment Roll
Represents cost associated with annually levying and collection Non-Ad Valorem Assessments utilized to fund the operating and debt service cost of the District.

Attorney Fees
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.

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.

Telephone
Telephone and fax machine

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

Insurance
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 & 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.

Administrative: (continued)

Other Current Charges
Bank charges and any other miscellaneous expenses that incurred during the year.

Website Administration
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.

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.