Indigo East
Community Development District
Amended Budget
FY 2016

Table of Contents

1

2-8

9

 	General Fund

 	General Fund Narrative

 	Capital Projects Fund

Indigo East
COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND

DESCRIPTION	ADOPTED
BUDGET FY2016	
INCREASE/ (DECREASE)	AMENDED
BUDGET FY2016	PROJECTED
TOTAL AS OF 9/30/16	

REVENUES:					
MAINTENANCE ASSESSMENTS	$195,929	$643	$196,572	$196,572	
INTEREST	$250	$0	$250	$149	
CARRY FORWARD SURPLUS	$0	$40,000	$40,000	$40,000	
TOTAL REVENUES	$196,179	$40,643	$236,822	$236,721	

EXPENDITURES:					
ADMINISTRATIVE:					
SUPERVISOR FEE	$4,000	$0	$4,000	$4,000	
FICA EXPENSE	$306	$0	$306	$260	
ENGINEERING	$1,200	$0	$1,200	$1,200	
TRUSTEE FEES	$2,050	$0	$2,050	$2,020	
DISSEMINATION	$2,700	$50	$2,750	$2,750	
ARBITRAGE	$600	$0	$600	$600	
ASSESSMENT ROLL	$5,000	$0	$5,000	$5,000	
ATTORNEY	$6,000	$0	$6,000	$6,000	
ANNUAL AUDIT	$3,800	$0	$3,800	$3,800	
MANAGEMENT FEES	$7,033	$0	$7,033	$7,033	
INFORMATION TECHNOLOGY	$1,000	$0	$1,000	$1,000	
TELEPHONE	$100	$0	$100	$30	
POSTAGE	$600	$0	$600	$600	
PRINTING & BINDING	$600	$0	$600	$600	
INSURANCE	$6,663	$0	$6,663	$5,923	
LEGAL ADVERTISING	$900	$0	$900	$900	
OTHER CURRENT CHARGES	$750	$0	$750	$500	
PROPERTY TAXES	$35	$0	$35	$10	
OFFICE SUPPLIES	$250	$0	$250	$150	
DUES, LICENSES, SUBSCRIPTIONS	$175	$0	$175	$175	
TOTAL ADMINISTRATIVE	$43,762	$50	$43,812	$42,553	

MAINTENANCE:
WATER EXPENSE	

$15,000	

($5,000)	

$10,000	

$5,500	
ELECTRIC EXPENSE	$12,000	$0	$12,000	$10,500	
IRRIGATION REPAIRS	$0	$0	$0	$0	
RETENTION PONDS	$18,020	$0	$18,020	$18,020	
ROW MAINTENANCE	$53,486	$5,567	$59,053	$59,053	
PLANT REPLACEMENT	$10,000	$6,338	$16,338	$16,338	
TREE TRIMMING	$3,000	($1,500)	$1,500	$1,500	
PRESSURE WASHING	$6,000	$0	$6,000	$5,909	
CONTINGENCY	$9,911	($4,812)	$5,099	$5,000	
TRANSFER OUT	$25,000	$40,000	$65,000	$65,000	
TOTAL MAINTENANCE	$152,417	$40,593	$193,010	$186,819	
					
TOTAL EXPENDITURES	$196,179	$40,643	$236,822	$229,372	
					
EXCESS REVENUES (EXPENDITURES)	$0	$0	$0	$7,349	

Net Assessments	
FY2013
$248,330	
FY2014
$195,929	
FY2015
$195,929	
FY2016
$195,929	
Discounts & Collections (6%)    $15,851		$12,506		$12,506		$12,506	 Gross Assessments   $264,181	$208,435	$208,435	$208,435	

Total Units 		705		705		705		705	 Assessments per Unit 	$375	$296	$296	$296	

REVENUES:

Maintenance Assessments
The District will levy a non-ad valorem special assessment on all taxable property within the District, to fund all General Operating and Maintenance Expenditures for the Fiscal Year.

Interest
The District receives interest earnings from its cash balance in the Suntrust operating account.

Carry Forward Surplus
The District will utilize excess funds from prior fiscal years.

EXPENDITURES:

Administrative:

Supervisor Fees
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. This amount is based upon 5 Supervisors attending 4 monthly meetings.

FICA Expense
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.
Engineering
The District’s engineer will be providing general engineering services to the District, e.g., attendance and preparation for monthly meetings, reviewing invoices, and various projects assigned as directed by the Board of Supervisors. The District currently has an agreement with Dewberry Engineers Inc.
Trustee Fees
The District issued Series 2006 Special Assessment Bonds that are administered by a Trustee at USBank.

Dissemination
The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b) (5) which relates to additional reporting requirements for unrated bond issues.

Arbitrage
The District has contracted with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2006 Special Assessment Bonds. The District has an agreement with Grau & Associates for this service.

Assessment Roll
Governmental Management Services – Central Florida, LLC serves as the District’s collection agent and certifies the District’s non-ad valorem assessments with the county tax collector.

Attorney
The District’s legal counsel will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, etc. The District currently has an agreement with Gerald R. Colen, P.A.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District has an agreement with Grau & Associates for this service.

Management Fees
The District receives Management, Accounting and Administrative services  as part of a Management Agreement with Governmental Management Services – Central Florida, LLC. The services include, but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc.

Computer Time
The District processes all of its financial activities, i.e., accounts payable, financial statements, etc. on a mainframe computer leased by Governmental Management Services – Central Florida, LLC.

Telephone
Telephone and fax machine.

Postage
Mailing of agenda packages, overnight deliveries, checks for vendors and any other required correspondence.

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Insurance
The District’s general liability & public officials liability insurance policy is with Florida Insurance Alliance. The Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation. The District does most of its legal advertising with Ocala Star-Banner.

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

Office Supplies
The District incurs charges for supplies that need to be purchased during the fiscal year, including copier and printer toner cartridges, paper, file folders, binders, pens, paper clips, and other such 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.

MAINTENANCE:
Water Expense
To record the cost of water charges for the common area irrigation. The District has the following accounts with Bay Laurel Center CDD.

Description	Address	Monthly	Annually	
LS1600 IRR	8250 SW 79th Terrace Road	$600	$7,200	
MED80TH	80th Terrace Median	$30	$360	
MED82ND	82nd/78th Terrace Median	$75	$900	
CONTINGENCY			$1,540	
TOTAL			$10,000	

Electric Expense
To record the electric cost of street lighting. The District has the following account with Sumter Electric Cooperative, Inc. (SECO).

Description	Monthly	Annually	
Street Lighting	$1,000
TOTAL	$12,000	
	$12,000	

Retention Ponds
The District has contracted with Sharp Fence Construction, LLC to provide the following services:

Turf Maintenance
A. Turf areas unless otherwise speciﬁed will be mowed on a weekly basis in the growing season (April through October). During months not speciﬁed in the growing season (November through March) the turf  will be mowed at least twice a month unless abnormal conditions arise. Typical yearly mowing schedules will allow for 38 mowings per year.

Edging / String Trimming
A. Edging of all hard edges: Sidewalks, Driveways, Curb lines etc. adjacent to maintained property will be edged on a weekly basis during the growing season in conjunction with the maintenance schedule. All storm water culverts will be string trimmed on a weekly

basis during the growing season in conjunction with the maintenance schedule to ensure vegetation will not obstruct discharge culvert area. Edging of all landscape beds will be done on a weekly basis to provide a crisp edge. Retention ponds with beds areas will be edged using mechanical equipment such as an edger, string trimmer. Herbicidal edging is will not be acceptable. Bed lines will be edged with the intent to keep the same original design and will be enlarged if plant material growth warrants.

Bed Maintenance
A. Beds are to be free of weeds, trash and other debris at all times. Pre- emergent and post—herbicidal applications may be used to help control weed growth but hand weeding will be done “as needed."

Mulch
A. Pine Straw mulch will be added once per year in landscape bed areas.

Tree Maintenance, Pruning and Fertilization
A. Tree staking materials will be adjusted, tightened or removed to ensure proper growth.
FY15	FY16
Description	Monthly	Annually	Monthly	Annually	
Retention Ponds	$2,735
TOTAL	$32,814	$1,502	$18,020	
	$32,814		$18,020	

ROW Maintenance
The District has contracted with Earthscapes Unlimited, Inc. to provide the following services:

Turf Fertilization
A. St. Augustine Turf will be fertilized (3) times a year.

Turf Maintenance
A. Turf areas unless otherwise speciﬁed will be mowed on a weekly basis in the growing season (April through October). During months not speciﬁed in the growing season (November through March) the turf will be mowed at least twice a month unless abnormal conditions arise.

Edging / String Trimming
A. Edging of all hard edges: Sidewalks, Driveways, Curb lines etc. adjacent to maintained property will be edged on a weekly basis during	the	growing	season	in	conjunction	with	the	maintenance schedule. All storm water culverts will be string trimmed on a weekly basis during the growing season in conjunction with the maintenance schedule to ensure vegetation will not obstruct discharge culvert area. Edging of all landscape beds will be done on a weekly basis to provide a crisp edge. Retention ponds with beds areas will be edged using mechanical equipment such as an edger, string trimmer. Herbicidal edging is will not be acceptable. Bed lines will be edged with the intent to keep the same original design and will be enlarged if plant material growth warrants.

Bed Maintenance
A. Beds are to be free of weeds, trash and other debris at all times. Pre- emergent and post—herbicidal applications may be used to help control weed growth but hand weeding will be done “as needed."

Mulch
A. Pine Straw mulch will be added twice per year in landscape bed areas.

Tree Maintenance, Pruning and Fertilization
A. Tree staking materials will be adjusted, tightened or removed to ensure proper growth.
FY15	FY16
Description	Monthly	Annually	Monthly	Annually	
ROW Maintenance	$2,799	$33,583	$3,293	$39,521	
Everglades Pine Straw		$9,975		$19,532	
TOTAL		$43,558		$59,053	

Plant Replacement
Estimated cost to replace damaged plants within the District.

Tree Trimming
Estimated cost for tree trimming within the District.

Pressure Washing
Estimated cost to pressure wash, annually, curbs, sidewalks and common areas maintained by the District.

Contingency
To record the cost of any maintenance expenses that does not apply to any of the other accounts.

Transfer Out
Funds transferred to the Capital Reserve Fund for any capital outlay related expenses.

Indigo East
COMMUNITY DEVELOPMENT DISTRICT CAPITAL PROJECTS FUND

ADOPTED
BUDGET	
INCREASE/	AMENDED
BUDGET	PROJECTED
TOTAL AS OF	
Description	FY2016	(DECREASE)	FY2016	9/30/16	

REVENUES					
Transfer In	$25,000	$40,000	$65,000	$65,000	
Carry Forward Surplus	$432,231	($39,650)	$392,581	$392,581	
Interest	$0	$2,100	$2,100	$2,100	
Total Revenues	$457,231	$2,450	$459,681	$459,681	
EXPENDITURES					
Capital Outlay	$0	$0	$0	$0	
Total Expenditures	$0	$0	$0	$0	
					
Excess Revenues	$457,231	$2,450	$459,681	$459,681