Adopted Budget	
Fiscal Year 2021	

Oleta River	
Community Development District	

September 22, 2020

$106,275	
 	$106,275 	

$42,462	
 	$42,462 	

$10,103	
 	$10,103 	

$52,565	
 	$52,565 	

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 Admin	
Office Supplies	
Dues, Licenses & Subscriptions	

$12,000		$0	
$1,200		$0	
$5,000		$0	
$5,000		$0	
$20,000		$2,428	
$6,000		$2,700	
$6,000		$0	
$36,000		$30,000	
$500		$417	
$50		$2	
$1,500		$122	
$1,500		$217	
$6,000		$5,125	
$3,500		$333	
$500		$90	
$1,000		$833	
$350		$23	
$175		$175	

$500	
$0	
$0	
$0	
$2,572	
$0	
$0	
$6,000	
$83	
$2	
$28	
$96	
$0	
$500	
$100	
$167	
$52	
$0	

$500	
$0	
$0	
$0	
$5,000	
$2,700	
$0	
$36,000	
$500	
$4	
$150	
$313	
$5,125	
$833	
$190	
$1,000	
$75	
$175	

Total Expenditures	 	$106,275 		 	$42,465 		 	$10,100 		 	$52,565 	
Assigned Fund Balance	 	$0 		 	($3)		 	$3		 	$0 	

FY2021	
Adopted	
 	Budget	

$106,775	
 	$106,775 

$12,000
$1,200
$5,000
$5,000
$20,000
$2,700
$6,000
$36,000
$1,000
$50
$1,500
$1,500
$6,000
$3,500
$3,800
$1,000
$350
$175	
 	$106,775 	
 	$0 	

Oleta River	
Community Development District	

FY2020	
Adopted	
 	Budget		

Actual	
thru	
     8/31/2020		

Projected	
Next	
 	1 Month		

Total	
Projected at	
 	9/30/2020		

 Description		
Revenues	
Developer Contributions	
Total Revenues	

General Fund

	

	

	

	

	

	

	

Page 1

REVENUES:

Developer Contributions
The District has entered into a Funding Agreement with the Developer to Fund all General Fund expenditures for the fiscal year.
 	_ 	_ 	_ 	_ 	_

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.

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.

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.

Assessment Roll
Represents an annual charge for preparing and administrating the District’s assessments on the landowner’s tax bills.

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 bank’s 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 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.

Telephone
This category includes all charges relating to telephone calls, conference calls, and faxes made to and on behalf of the District.

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.

Administrative: (continued)

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.

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

Website Compliance
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.