Hammock Reserve Community Development District

Adopted Budget
FY 2020

Table of Contents

1	 	General Fund

2-3	 	General Fund Narrative

Hammock Reserve
Community Development District

		Adopted
Budget	
	Description	FY2020	
	
Revenues		
	Developer Contributions	$99,238	
	Total Revenues	$99,238	
	
Expenditures		
	Administrative
Supervisor Fees	
$10,000	
	Engineering	$12,500	
	Attorney	$20,833	
	Management Fees	$29,167	
**	Information Technology	$3,575	
	Telephone	$250	
	Postage	$833	
	Insurance	$5,000	
	Printing & Binding	$833	
	Legal Advertising	$10,000	
	Other Current Charges	$5,000	
	Office Supplies	$521	
	Travel Per Diem	$550	
	Dues, Licenses & Subscriptions	$175	
	Total Expenditures	$99,238	
			
	Excess Revenues/(Expenditures)	$0	
	
* Budget is prorated from December 2019 to September 2020.		
	** Budget amount includes a one-time website creation fee.		

Adopted Budget General Fund

Hammock Reserve
Community Development District
GENERAL FUND BUDGET

REVENUES:

Developer Contributions

The District will enter into a Funding Agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

EXPENDITURES:

Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering

The District's engineer will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Management Fees

The District will incur costs for Management, Accounting and Administrative services during the Fiscal Year.

Information Technology

Represents costs related to the District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Telephone

Telephone and fax machine.

Postage

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Hammock Reserve
Community Development District
GENERAL FUND BUDGET

Insurance

The District’s general liability, public official’s liability insurance and property insurance coverages.

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 incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Travel Per Diem

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for $175. This is the only expense under this category for the District.