Adopted Budget
Fiscal Year 2022

Westview North Community Development District

July 16, 2021

Westview North
Community Development District

General Fund

Adopted Budget
    FY 2021 

Actual thru
  6/30/2021 

Projected Next
  3 Months 

Total Projected at
   9/30/2021 

Adopted Budget
    FY 2022 

 Description	

Revenues

Developer Contributions/Assessments

$180,000

$46,321

$44,353

$90,674

$180,000

Total Revenues

     $180,000 

 	$46,321 

    $44,353

 	$90,674 

   $180,000 

Expenditures

Administrative

$6,000
$600
$5,000
$0
$18,000
$6,000
$3,355
$32,400
$1,000
$50
$200
$800
$8,000
$1,200
$500
$1,000
$100
$175

$0
$0
$0
$0
$11,771
$0
$0
$21,290
$333
$0
$11
$0
$3,178
$1,646
$213
$708
$44
$175

$3,500
$0
$0
$0
$5,886
$0
$0
$11,110
$667
$50
$500
$500
$0
$750
$500
$292
$50
$0

$3,500
$0
$0
$0
$17,657
$0
$0
$32,400
$1,000
$50
$511
$500
$3,178
$2,396
$713
$1,000
$94
$175

$5,000
$600
$5,000
$2,400
$18,000
$6,000
$3,355
$32,400
$1,000
$50
$200
$800
$8,000
$1,200
$500
$1,000
$100
$175

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

Total Administrative

 	$84,380

 	$39,369 

    $23,805

 	$63,174 

 	$85,780 

Field

$12,000
$40,000
$6,000
$11,000
$16,000
$10,620

$0
$0
$0
$0
$0
$0

$4,000
$10,000
$2,000
$2,500
$4,000
$5,000

$4,000
$10,000
$2,000
$2,500
$4,000
$5,000

$12,000
$40,000
$6,000
$11,000
$16,000
$9,220

Field Management Landscape Maintenance Plant Replacement Repairs & Maintenance Lake & Canal Maintenance Contingency

Total Field

 	$95,620

 	$0 

    $27,500

 	$27,500 

 	$94,220 

Total Expenditures

     $180,000 

 	$39,369 

    $51,305

 	$90,674 

   $180,000 

Excess Revenues/Expenditures

 	$0 

 	$6,952 

     ($6,952)

 	$0 

 	$0 

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Gross Assessment Less: Disc & Coll (5%)
Net Assessment
# Units Per Unit Net Assessment Per Unit Gross Assessment

$189,750.00 ($9,750.00)

$180,000.00
750
$240.00
$253.00

Westview North
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'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.

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Westview North
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.

Field:

Field Manager
The supervision and on-site management of the District. The responsibilities include reviewing contracts and other maintenance related items.

Landscape Maintenance
The District will enter into a contract for the monthly maintenance of common areas.

Plant Replacement
The cost associated with any replacement of landscaping during the year.

Repairs & Maintenance
Any miscellaneous repairs not included in another budget line item.

Lake/Canal Maintenance
The District will enter into a contract for the monthly maintenance of the District lakes and canal.

Contingency
Represents any un-budgeted expense.

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