Adopted Budget
Fiscal Year 2022

Crystal Cay Community Development District

July 16, 2021

Crystal Cay
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

$97,440

$41,327

$26,180

$67,507

$97,440

Developer Contributions/Assessments

Total Revenues

     $97,440 

 	$41,327 

 	$26,180 

 	$67,507 

 	$97,440 

Expenditures

Administrative

$7,000
$600
$2,500
$2,000
$15,000
$3,000
$5,000
$38,000
$50
$750
$1,000
$6,000
$2,500
$515
$1,200
$150
$175

$368
$0
$0
$0
$6,865
$0
$0
$28,500
$0
$21
$0
$4,809
$290
$322
$900
$0
$175

$2,500
$0
$0
$0
$5,000
$0
$0
$9,500
$50
$500
$500
$0
$750
$107
$300
$50
$0

$2,868
$0
$0
$0
$11,865
$0
$0
$38,000
$50
$521
$500
$4,809
$1,040
$430
$1,200
$50
$175

$7,000
$600
$2,500
$2,000
$15,000
$3,000
$5,000
$38,000
$50
$750
$1,000
$6,000
$2,500
$515
$1,200
$150
$175

Engineering Fees Arbitrage Dissemination Agent Assessment Roll Attorney Fees Annual Audit Trustee Fees Management Fees Telephone
Postage
Printing & Binding Insurance
Legal Advertising Other Current Charges Website Compliance Office Supplies
Dues-Annual Fee DEO

Total Administrative

     $85,440 

 	$42,249 

 	$19,257 

 	$61,507 

 	$85,440 

Field

$12,000
$0
$0

$0
$0
$0

$6,000
$0
$0

$6,000
$0
$0

$12,000
$0
$0

Lake Maintenance Repairs & Maintenance Contingency

Total Field

     $12,000 

 	$0 

 	$6,000 

 	$6,000 

 	$12,000 

Total Expenditures

     $97,440 

 	$42,249 

 	$25,257 

 	$67,507 

 	$97,440 

Excess Revenues/Expenditures

 	$0 

 	($922)

 	$922 

 	$0 

 	$0 

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Gross Assessment		$102,568.42 Less: Disc & Coll (5%)		 ($5,128.42)
Net Assessment	      $97,440.00 # Units	                 232
Per Unit Net Assessment	$420.00
Per Unit Gross Assessment	$442.11

  

Crystal Cay
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

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Crystal Cay
Community Development District
GENERAL FUND BUDGET

Administrative: (continued)

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.

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

Lake Maintenance

The maintenance of CDD owned lakes.

Repairs & Maintenance

Miscellaneous repairs and maintenance as needed for CDD owned property.

Contingency

Represents any un-budgeted expense.

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