Adopted Budget	
Fiscal Year 2024	

Bauer Drive	
Community Development District	

August 18, 2023

Bauer Drive	
Community Development District	

Adopted	
Budget	
  FY 2023		

 Description	

Revenues		
Developer Contributions/Maint Assess	$57,120	

Projected	
Next	
  2 Months 	

 	
Total	
Projected at	
  9/30/2023 	

Actual	
thru	
  7/31/2023 	

$35,497	$14,790	$50,287

General Fund

 			

Adopted	
Budget	
FY 2024	

$56,700	
$56,700	

$200
$0
$1,200
$2,000
$12,000
$4,000
$4,257
$24,000
$1,000
$30
$100
$50
$5,688
$500
$500
$1,000
$0
$175	
$56,700	
	
$0	

Total Revenues		$57,120 		$35,497 		$14,790 		$50,287 

Expenditures

Administrative	
Engineering	
Arbitrage	
Dissemination Agent	
Assessment Roll	
Attorney	
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	

$413	
$0	
$0	
$0	
$6,210	
$0	
$0	
$20,000	
$833	
$0	
$2	
$15	
$5,000	
$277	
$1,087	
$844	
$0	
$175	

$200	
$0	
$0	
$0	
$2,484	
$0	
$0	
$4,000	
$167	
$50	
$75	
$50	
$0	
$69	
$362	
$156	
$0	
$0	

$613	
$0	
$0	
$0	
$8,694	
$0	
$0	
$24,000	
$1,000	
$50	
$77	
$65	
$5,000	
$346	
$1,449	
$1,000	
$0	
$175	

	

	

	

	

	

	

Total Expenditures		$57,120 			$34,856 			$7,613 			$42,469 	
Excess Revenues/Expenditures		$0 			$641 			$7,177 			$7,818 	

FY2024	
Per Unit	Total	
Gross Assessment	$568.42	$59,684	
Less: Disc.& Coll. (5%)	($28)	($2,984)	
Net Assessment	$540	$56,700
Number of Units	105	

Page 1

Bauer Drive
Community Development District
GENERAL FUND BUDGET

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 has contracted with Alvarez Engineering to 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. GMS-SF serves as the Dissemination Agent.

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. GMS-SF serves as the Assessment Administrator.

Attorney Fees
The District has contracted with Billing, Cochran, Lyles, Mauro and Ramsey, PA as legal counsel who 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 has issued Series 2023 Special Assessment bonds which are held and administered by U.S. Bank as 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.

Computer Time
The District processes the financial activities, i.e. accounts payable, financials statements etc. on a mainframe computer leased by
GMS-SF, 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.

Bauer Drive
Community Development District
GENERAL FUND BUDGET

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.

Bauer Drive	
Community Development District	

 	
Debt Service Fund	
Series 2023 Special Assessment Bond	

Adopted	
Budget	
  FY 2023		

Actual	
thru	
  7/31/2023 	

Projected	
Next	
  2 Months 	

Total	
Projected at	
  9/30/2023 	

Adopted	
Budget	
  FY 2024		

 Description	

Revenues	
Interest Income	
Special Assessments	
Direct Assessment	
Carry Forward Surplus (1)	

$0	
$0	
$40,444	
$0	

$827	
$0	
$0	
$0	

$0	
$0	
$40,444	
$0	

$827	
$0	
$40,444	
$0	

$0	
$104,950	
$0	
$41,271	

Total Revenues		$40,444 		$827 		$40,444 		$41,271 		$146,220 

Series 2023	
Interest Expense - 12/15	
Interest Expense - 06/15	
Principal Expense - 06/15	
Total Expenditures	

Expenditures

$0	
$18,649	
$0	

$0	
$18,649	
$0	

$0	
$0	
$0	

$0	
$18,649	
$0	

$40,444	
$20,000	
$40,444	

	$18,649 		$18,649 		$0 		$18,649 		$100,888 

Other Financing Sources/(Uses)

Bond Proceeds	$71,124	$71,124	$0	$71,124	$0

	$71,124 		$71,124 		$0 		$71,124 		$0 

Total Other Financing Sources/	
(Uses)	
EXCESS REVENUES	

 		 		 		 		 	
	$92,919 		$53,302 		$40,444 		$93,746 		$45,333 

(1) Carry forward is net of Reserve Fund requirement.	12/15/24 Interest	$	39,994

FY2024	
Per Unit	Total	
Gross Assessment	$1,052.13	$110,473	
Less: Disc.& Coll. (5%)	($53)	($5,524)	
Net Assessment	$1,000	$104,950
Number of Units	105	

Bauer Drive	
Community Development District	

 	
Series 2023 Special Assessment Bond	
Amortization Schedule	

PRINCIPAL	
	BALANCE		

	DATE		 RATE 	  INTEREST		 PRINCIPAL			TOTAL	

06/15/23	$1,515,000.00	4.500%	$18,649.06	$0.00	$18,649.06	
12/15/23	$1,515,000.00	4.500%	$40,443.75	$0.00	
06/15/24	$1,515,000.00	4.500%	$40,443.75	$20,000.00	$100,887.50	
12/15/24	$1,495,000.00	4.500%	$39,993.75	$0.00	
06/15/25	$1,495,000.00	4.500%	$39,993.75	$25,000.00	$104,987.50	
12/15/25	$1,470,000.00	4.500%	$39,431.25	$0.00	
06/15/26	$1,470,000.00	4.500%	$39,431.25	$25,000.00	$103,862.50	
12/15/26	$1,445,000.00	4.500%	$38,868.75	$0.00	
06/15/27	$1,445,000.00	4.500%	$38,868.75	$25,000.00	$102,737.50	
12/15/27	$1,420,000.00	4.500%	$38,306.25	$0.00	
06/15/28	$1,420,000.00	4.500%	$38,306.25	$25,000.00	$101,612.50	
12/15/28	$1,395,000.00	4.500%	$37,743.75	$0.00	
06/15/29	$1,395,000.00	4.500%	$37,743.75	$25,000.00	$100,487.50	
12/15/29	$1,370,000.00	4.500%	$37,181.25	$0.00	
06/15/30	$1,370,000.00	4.500%	$37,181.25	$30,000.00	$104,362.50	
12/15/30	$1,340,000.00	5.375%	$36,506.25	$0.00	
06/15/31	$1,340,000.00	5.375%	$36,506.25	$30,000.00	$103,012.50	
12/15/31	$1,310,000.00	5.375%	$35,700.00	$0.00	
06/15/32	$1,310,000.00	5.375%	$35,700.00	$30,000.00	$101,400.00	
12/15/32	$1,280,000.00	5.375%	$34,893.75	$0.00	
06/15/33	$1,280,000.00	5.375%	$34,893.75	$35,000.00	$104,787.50	
12/15/33	$1,245,000.00	5.375%	$33,953.13	$0.00	
06/15/34	$1,245,000.00	5.375%	$33,953.13	$35,000.00	$102,906.25	
12/15/34	$1,210,000.00	5.375%	$33,012.50	$0.00	
06/15/35	$1,210,000.00	5.375%	$33,012.50	$40,000.00	$106,025.00	
12/15/35	$1,170,000.00	5.375%	$31,937.50	$0.00	
06/15/36	$1,170,000.00	5.375%	$31,937.50	$40,000.00	$103,875.00	
12/15/36	$1,130,000.00	5.375%	$30,862.50	$0.00	
06/15/37	$1,130,000.00	5.375%	$30,862.50	$40,000.00	$101,725.00	
12/15/37	$1,090,000.00	5.375%	$29,787.50	$0.00	
06/15/38	$1,090,000.00	5.375%	$29,787.50	$45,000.00	$104,575.00	
12/15/38	$1,045,000.00	5.375%	$28,578.13	$0.00	
06/15/39	$1,045,000.00	5.375%	$28,578.13	$45,000.00	$102,156.25	
12/15/39	$1,000,000.00	5.375%	$27,368.75	$0.00	
06/15/40	$1,000,000.00	5.375%	$27,368.75	$50,000.00	$104,737.50	
12/15/40	$950,000.00	5.375%	$26,025.00	$0.00	
06/15/41	$950,000.00	5.375%	$26,025.00	$50,000.00	$102,050.00	
12/15/41	$900,000.00	5.375%	$24,681.25	$0.00	
06/15/42	$900,000.00	5.375%	$24,681.25	$55,000.00	$104,362.50	
12/15/42	$845,000.00	5.375%	$23,203.13	$0.00	
06/15/43	$845,000.00	5.375%	$23,203.13	$55,000.00	$101,406.25	
12/15/43	$790,000.00	5.500%	$21,725.00	$0.00	
06/15/44	$790,000.00	5.500%	$21,725.00	$60,000.00	$103,450.00	
12/15/44	$730,000.00	5.500%	$20,075.00	$0.00	
06/15/45	$730,000.00	5.500%	$20,075.00	$65,000.00	$105,150.00	
12/15/45	$665,000.00	5.500%	$18,287.50	$0.00	
06/15/46	$665,000.00	5.500%	$18,287.50	$70,000.00	$106,575.00	
12/15/46	$595,000.00	5.500%	$16,362.50	$0.00	
06/15/47	$595,000.00	5.500%	$16,362.50	$70,000.00	$102,725.00	
12/15/47	$525,000.00	5.500%	$14,437.50	$0.00	
06/15/48	$525,000.00	5.500%	$14,437.50	$75,000.00	$103,875.00	
12/15/48	$450,000.00	5.500%	$12,375.00	$0.00	
06/15/49	$450,000.00	5.500%	$12,375.00	$80,000.00	$104,750.00	
12/15/49	$370,000.00	5.500%	$10,175.00	$0.00	
06/15/50	$370,000.00	5.500%	$10,175.00	$85,000.00	$105,350.00	
12/15/50	$285,000.00	5.500%	$7,837.50	$0.00	
06/15/51	$285,000.00	5.500%	$7,837.50	$90,000.00	$105,675.00	
12/15/51	$195,000.00	5.500%	$5,362.50	$0.00	
06/15/52	$195,000.00	5.500%	$5,362.50	$95,000.00	$105,725.00	
12/15/52	$100,000.00	5.500%	$2,750.00	$0.00	
12/15/53	$100,000.00	5.500%	$2,750.00	$100,000.00	$105,500.00	

  Total 	 $1,614,380.31	 $1,415,000.00		$3,129,380.31