Community DevelopmentDistrictProposedBudgetFY2024HammockReserveProposedBudgetFY2024HammockReserve

Table 
of 
Contents 


1-2 
GeneralFund 


GeneralFundNarrative 


Series2020DebtServiceFund 


9-10 
Series2020AmortizationSchedule 


Series2021DebtServiceFund 


12-13 
Series2021AmortizationSchedule 


Series2021DebtServiceFund 


15-16 
Series2021AmortizationSchedule 


CapitalReserveFund 



Hammock 
Reserve 


Community 
DevelopmentDistrict 
Proposed 
Budget 
General 
Fund 


AdoptedActualsProjectedTotalProposedBudgetThruNextThruBudgetDescription FY20233/31/236 Months9/30/23FY2024
Revenues 
Assessments-TaxRoll 
$ 
387,067 
$ 
368,200 
$ 
18,867 
$ 
387,067 
$ 
910,542 
Assessments-DirectBill 
$ 
147,336 
$ 
62,885 
$ 
78,511 
$ 
141,396 
$ 
-
Assessments-LotClosings 
$ 
-$ 
5,940 
$ 
-$ 
5,940 
$ 
-
OtherIncome 
$ 
-$ 
14,400 
$ 
-$ 
14,400 
$ 
-
BoundaryAmendmentContributions 
$ 
-$ 
10,785 
$ 
-$ 
10,785 
$ 
-
Total 
Revenues 
$ 
534,403 
$ 
462,210 
$ 
97,378 
$ 
559,588 
$ 
910,542 
Expenditures 
Administrative 
SupervisorFees 
$ 
12,000 
$ 
1,600 
$ 
6,000 
$ 
7,600 
$ 
12,000 
Engineering 
$ 
15,000 
$ 
340 
$ 
7,500 
$ 
7,840 
$ 
15,000 
Attorney 
$ 
30,000 
$ 
4,890 
$ 
15,000 
$ 
19,890 
$ 
30,000 
AnnualAudit 
$ 
6,000 
$ 
-$ 
7,000 
$ 
7,000 
$ 
7,100 
AssessmentAdministration 
$ 
5,000 
$ 
5,000 
$ 
-$ 
5,000 
$ 
5,300 
Arbitrage 
$ 
1,800 
$ 
450 
$ 
900 
$ 
1,350 
$ 
1,350 
Dissemination 
$ 
8,000 
$ 
3,500 
$ 
3,500 
$ 
7,000 
$ 
7,000 
TrusteeFees 
$ 
14,200 
$ 
7,408 
$ 
4,715 
$ 
12,123 
$ 
12,123 
ManagementFees 
$ 
37,853 
$ 
18,927 
$ 
18,927 
$ 
37,853 
$ 
40,124 
InformationTechnology 
$ 
1,800 
$ 
900 
$ 
900 
$ 
1,800 
$ 
1,800 
WebsiteMaintenance 
$ 
1,200 
$ 
600 
$ 
600 
$ 
1,200 
$ 
1,200 
Postage&Delivery 
$ 
1,000 
$ 
339 
$ 
500 
$ 
839 
$ 
1,000 
Insurance 
$ 
6,210 
$ 
5,563 
$ 
-$ 
5,563 
$ 
6,397 
Copies 
$ 
500 
$ 
33 
$ 
250 
$ 
283 
$ 
500 
LegalAdvertising 
$ 
7,500 
$ 
2,039 
$ 
5,461 
$ 
7,500 
$ 
7,500 
OtherCurrentCharges 
$ 
1,550 
$ 
283 
$ 
775 
$ 
1,058 
$ 
1,550 
OfficeSupplies 
$ 
625 
$ 
15 
$ 
313 
$ 
327 
$ 
625 
Dues,Licenses&Subscriptions 
$ 
175 
$ 
175 
$ 
-$ 
175 
$ 
175 
Total 
Administrative 
$ 
150,413 
$ 
52,060 
$ 
72,341 
$ 
124,401 
$ 
150,744 


1

Hammock 
Reserve 


Community 
DevelopmentDistrict 
Proposed 
Budget 
General 
Fund 


AdoptedActualsProjectedTotalProposedBudgetThruNextThruBudgetDescription FY20233/31/236 Months9/30/23FY2024
Operations 
& 
Maintenance 
Field 
Expenditures 
PropertyInsurance 
$ 
12,000 
$ 
9,853 
$ 
-$ 
9,853 
$ 
18,000 
FieldManagement 
$ 
15,750 
$ 
7,500 
$ 
8,250 
$ 
15,750 
$ 
15,900 
LandscapeMaintenance 
$ 
114,000 
$ 
35,968 
$ 
39,408 
$ 
75,376 
$ 
190,000 
LandscapeReplacement 
PondMaintenance 
$ 
15,000 
$ 
-
$ 
$ 
1,560 
-
$ 
7,500 
$ 
9,060 
$ 
-$ 
-
$ 
20,000 
$ 
10,000 
Streetlights 
$ 
19,800 
$ 
12,659 
$ 
13,800 
$ 
26,459 
$ 
30,360 
Electric 
$ 
7,920 
$ 
2,659 
$ 
3,300 
$ 
5,959 
$ 
8,000 
Water&Sewer 
$ 
6,970 
$ 
-$ 
-$ 
-$ 
-
Sidewalk&AsphaltMaintenance 
$ 
2,500 
$ 
945 
$ 
1,418 
$ 
2,363 
$ 
2,500 
IrrigationRepairs 
$ 
8,000 
$ 
1,082 
$ 
6,918 
$ 
8,000 
$ 
8,000 
GeneralRepairs&Maintenance 
$ 
15,000 
$ 
14,517 
$ 
7,500 
$ 
22,017 
$ 
15,000 
Contingency 
$ 
7,500 
$ 
-$ 
7,500 
$ 
7,500 
$ 
7,500 
Subtotal 
Field 
Expenditures 
$ 
224,440 
$ 
86,744 
$ 
95,593 
$ 
182,337 
$ 
325,260 
Amenity 
Expenditures 
Amenity-Electric 
$ 
5,400 
$ 
5,279 
$ 
5,820 
$ 
11,099 
$ 
12,804 
Amenity-Water 
$ 
3,500 
$ 
2,071 
$ 
3,480 
$ 
5,551 
$ 
10,000 
PlaygroundLease 
$ 
70,830 
$ 
51,996 
$ 
51,996 
$ 
103,993 
$ 
103,993 
Internet 
$ 
1,500 
$ 
548 
$ 
438 
$ 
986 
$ 
1,500 
PestControl 
$ 
720 
$ 
160 
$ 
240 
$ 
400 
$ 
528 
JanitorialServices 
$ 
6,000 
$ 
3,337 
$ 
3,270 
$ 
6,607 
$ 
17,100 
SecurityServices 
$ 
25,000 
$ 
410 
$ 
15,090 
$ 
15,500 
$ 
35,000 
PoolMaintenance 
$ 
21,600 
$ 
8,650 
$ 
8,400 
$ 
17,050 
$ 
19,800 
AmenityAccessManagement 
$ 
5,000 
$ 
2,500 
$ 
2,500 
$ 
5,000 
$ 
6,750 
AmenityRepairs&Maintenance 
$ 
10,000 
$ 
1,829 
$ 
5,000 
$ 
6,829 
$ 
10,000 
Contingency 
$ 
7,500 
$ 
-$ 
3,750 
$ 
3,750 
$ 
7,500 
$ 
Subtotal 
Amenity 
Expenditures 
$ 
157,050 
$ 
76,780 
$ 
99,984 
$ 
176,764 
$ 
224,975 
Total 
Operations 
& 
Maintenance 
$ 
381,490 
$ 
163,524 
$ 
195,578 
$ 
359,101 
$ 
550,235 
Other 
Expenditures 
CapitalReserves-Transfer 
$ 
2,500 
$ 
-$ 
-$ 
-$ 
209,563 
Total 
Other 
Expenditures 
$ 
2,500 
$ 
-$ 
-$ 
-$ 
209,563 
Total 
Expenditures 
$ 
534,403 
$ 
215,584 
$ 
267,918 
$ 
483,502 
$ 
910,542 
Excess 
Revenues/(Expenditures) 
$ 
-$ 
246,626 
$ 
(170,540) 
$ 
76,086 
$ 
-
Product 
Assessable 
Units 
ERU/Unit 
Net 
Assessment 
Net 
Per 
Unit 
Gross 
Per 
Unit 
Platted 
1028 
1.00 
$910,542.06 
$885.74 
$952.41 
1028 
$910,542.06 


2

Hammock 
Reserve 


Community 
Development 
District 


General Fund Budget 


Revenues: 


Assessments 


TheDistrictwilllevyanon-advaloremassessmentonallthe assessable property withinthe Districtinorderto pay foroperatingexpendituresduringthe fiscalyear. 


Expenditures: 
General 
& 
Administrative: 


Supervisor 
Fees 


Chapter190,FloridaStatutes,allowsforeach Board membertoreceive$200 permeeting,nottoexceed 
$4,800peryearpaidto each Supervisorforthe time devotedto Districtbusinessandmeetings. 


Engineering 


TheDistrict'sengineer, Wood&AssociatesEngineering, LLC,providesgeneralengineering services totheDistrict,e.g. attendanceandpreparationformonthlyboardmeetings, reviewinvoicesandvarious 
projectsasdirected by the Board ofSupervisorsand the DistrictManager. 


Attorney 


TheDistrict'slegalcounsel, Kilinski/VanWYK,PLLC, providesgenerallegalservices tothe District,e.g. 
attendance andpreparationformeetings, 
preparation and reviewofagreements, 
resolutions,etc.as 
directed bytheBoard ofSupervisorsand theDistrictManager. 


Annual 
Audit 


TheDistrictisrequiredbyFloridaStatutestoarrangeforanindependent audit of itsfinancialrecordson an annualbasis.Grau&Associatesprovidesthisservice. 


Assessment 
Administration 


The 
District 
willcontract 
to 
levyand administer 
thecollection 
of 
non-ad 
valoremassessment 
on all 
assessable 
property 
within 
the 
District. 
Governmental 
Management 
Services 
– 
Central 
Florida, 
LLC 
providesthese services. 


Arbitrage 


TheDistrictiscontractedwithAMTEC,anindependentcertifiedpublic accountanttoannually calculate 
theDistrict’sArbitrageRebateLiabilityonitsSeries2020, 2021and2022bonds. 


Dissemination 


TheDistrictisrequiredbytheSecurityandExchangeCommissiontocomplywithRule15c2-12(b)(5)
whichrelatestoadditionalreportingrequirementsforunratedbondissues.Thiscostisbased uponon 
the 
Series 
2020, 
2021 
and 
2022 
bonds. 
Governmental 
Management 
Services 
– 
Central 
Florida, 
LLC 
providesthese services. 


3

Hammock 
Reserve 


Community 
Development 
District 


General Fund Budget 


Trustee 
Fees 


TheDistrictwillpayannualfeesforSeries2020,2021 and 2022bondsthat aredepositedwithaTrusteeat USBank. 


Management 
Fees 


TheDistrictreceivesManagement, 
Accountingand AdministrativeservicesaspartofaManagementAgreementwith GovernmentalManagementServices-CentralFlorida,LLC.Theservicesincludebutare 
not 
limited 
to, 
recording 
and 
transcription 
of 
board 
meetings, 
administrative 
services, 
budget 
preparation,allfinancialreports,annualaudits,etc. 


Information 
Technology 


RepresentsvariouscostofinformationtechnologyfortheDistrictsuch asvideo conferencing,cloud storageandservers,positive pay implementationandprogramming for fraudprotection,accounting software,tablets 
formeetings,Adobe,Microsoft Office,etc.GovernmentalManagementServices–CentralFlorida,LLC 
providesthese systems. 


Website 
Maintenance 


Represents 
the 
costs 
associated 
with 
monitoring 
and 
maintaining 
the 
District’s 
website 
created 
in 
accordance withChapter189,FloridaStatutes. 
Theseservicesincludesiteperformanceassessments,
security andfirewallmaintenance,updates,documentuploads, hostinganddomainrenewals,websitebackups, etc.GovernmentalManagementServices–CentralFlorida,LLC providestheseservices. 


Postage 
& 
Delivery 


The 
District 
incurs 
charges 
for 
mailing 
of 
Boa