Community Development District Adopted Budget FY 2024 Indigo East 1-2 3-7 8 9 10 Table of Contents General Fund General Fund Narrative Amortization Schedule - Series 2016 Capital Reserves Fund Debt Service Fund - Series 2016 Indigo East Community Development District Adopted Budget General Fund Adopted Actuals Projected Description FBYu2d0g2e3t 6/T3h0r/u23 3 MNoenxtths P9r/oT3jhe0rc/ut2ed3 AFBYduo2dp0gt2ee4td IICRMnnaeattreevirnrreyegtn eoFsutnoveaerswnrncaemr dAe snSstuearslps Cmluoensntrtsibu tions $$$$ 2 35 34 ,, - 37 07 - $$$$ 12 15 3 25 , ,,219 15087022 $$$$ 1 , 7 -- 5 40 $$$$ 12 15 5 25 , ,,019 20081022 $$$$ 3 3 , 9 ---34 Total Revenues $ 287,808 $ 371,350 $ 1,754 $ 373,104 $ 333,934 Expenditures General & Administrative Supervisor Fees 4,000 $ 3,000 $ 1,000 $ 4,000 $ 4,000 $ FICA Expense 306 $ 184 $ 77 $ 260 $ 306 $ Engineering 1,200 $ 3,668 $ 400 $ 4,068 $ 4,000 $ Trustee Fees 2,050 $ 2,020 $ - $ 2,020 $ 2,050 $ Dissemination 2,500 $ 1,875 $ 625 $ 2,500 $ 2,650 $ Arbitrage 450 $ 450 $ - $ 450 $ 450 $ Assessment Roll 5,000 $ 5,000 $ - $ 5,000 $ 5,300 $ Attorney 6,000 $ 6,330 $ 3,000 $ 9,330 $ 6,100 $ Annual Audit 3,800 $ 3,900 $ - $ 3,900 $ 4,000 $ Management Fees 7,834 $ 5,875 $ 1,958 $ 7,834 $ 8,304 $ Information Technology 800 $ 600 $ 200 $ 800 $ 848 $ Website Maintenance 600 $ 450 $ 150 $ 600 $ 636 $ Telephone 100 $ - $ 25 $ 25 $ 100 $ Postage 625 $ 54 $ 715 $ 769 $ 200 $ Printing & Binding 500 $ 334 $ 200 $ 534 $ 500 $ Insurance 8,077 $ 7,236 $ - $ 7,236 $ 7,960 $ Legal Advertising 1,000 $ 140 $ 800 $ 940 $ 1,000 $ Other Current Charges 1,200 $ 820 $ 270 $ 1,090 $ 1,200 $ Office Supplies 200 $ 84 $ 50 $ 134 $ 200 $ Dues, Licenses & Subscriptions 175 $ 175 $ - $ 175 $ 175 $ Total General & Administrative: 46,417 $ 42,195 $ 9,470 $ 51,665 $ 49,979 $ 1 Indigo East Community Development District Adopted Budget General Fund Adopted Actuals Projected Description FBYu2d0g2e3t 6/T3h0r/u23 3 MNoenxtths P9r/oT3jhe0rc/ut2ed3 AFBYduo2dp0gt2ee4td Operations & Maintenance Property Insurance 526 $ 527 $ - $ 527 $ 791 $ Water Expense 2,481 $ 1,614 $ 570 $ 2,184 $ 2,508 $ Electric Expense 26,473 $ 19,254 $ 6,900 $ 26,154 $ 30,360 $ Irrigation Repairs 2,925 $ 1,209 $ 731 $ 1,940 $ 2,925 $ Retention Ponds/ROW Maintenance 186,435 $ 104,824 $ 44,841 $ 149,665 $ 188,253 $ Plant Replacement 2,500 $ 2,322 $ - $ 2,322 $ 2,500 $ Tree Trimming 1,000 $ - $ 1,000 $ 1,000 $ 1,000 $ Pressure Washing 15,000 $ 14,474 $ - $ 14,474 $ 18,207 $ Well Maintenance/Repairs 4,050 $ - $ 2,025 $ 2,025 $ 4,050 $ Contingency - $ 51 $ - $ 51 $ 8,361 $ Total Operations & Maintenance: 241,390 $ 144,274 $ 56,068 $ 200,341 $ 258,955 $ Other Expenditures Transfer Out - Capital Reserve - $ - $ - $ - $ 25,000 $ Total Other Expenditures - $ - $ - $ - $ 25,000 $ Total Expenditures 287,808 $ 186,469 $ 65,538 $ 252,006 $ 333,934 $ Excess Revenues/(Expenditures) - $ 184,881 $ (63,784) $ 121,098 $ - $ FY2021 FY2022 FY2023 FY2024 Net Assessments $254,337 $254,337 $254,337 $333,934 Discounts & Collections (6%) $16,234 $16,234 $16,234 $21,315 Gross Assessments $270,572 $270,572 $270,572 $355,249 Total Units 605 605 605 605 Assessments per Unit $447 $447 $447 $587 2 Indigo East Community Development District General Fund Budget Revenues: Maintenance Assessments The District will levy a non-ad valorem special assessment on all taxable property within all General Operating and Maintenance Expenditures for the Fiscal Year. the District, to fund Interest The District receives interest earnings from its cash balance in the Truist operating account. Expenditures: Administrative: Supervisor Fees TThhies Falmoroiduan tS itsa tbuatseesd a ullpoowns 5e aScuhp berovairsdo rms eamttebnedr itnog r 4ec meiovnet $h2ly0 0m peeetri nmgese. t ing not to exceed $4,800 in one year. FICA Expense R cheepcrkess.e nts the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors Engineering fSTouhrpe e mDrviosintsrtoihrclsty’.s T mehneeg eDitniinsetegrrsi c,p trr coeuvvriiredewensit nglyge nhieanrsva aoln iec neasgg,ri neaeenemdre innvgta rwsieoirtuvhsi c Depesrw otobje etcrhtrsey DaEisnssgtirginincetee,d er s.ga I.s,n acdt. ti ernecdtaendc eb ayn dth per eBpoaarradti oonf Trustee Fees TUhS eB Daniskt.r ict issued Series 2016 Special Assessment Refunding Bonds that are administered by a Trustee at Dissemination rTGeholvea etDersins mttorei cantdt iadsli trMieoaqnnuaailrg reeedmp boeyrn ttti hnSege rSrveeicqcueursiri –tey mC aeennndttr sEa xfl ocFrhl oaurnnigdreaa t,C eLodLm Cb.mo nisds iisosnu teos .c oTmhep lDy iwstirtihc tR cuulrer 1en5tcl2y- 1co2n(btr)a (c5te) dw whiicthh Arbitrage TDhiset rDicist’tsr iAcrt bhiatrsa cgoen Rtreabcateted Lwiaitbhil AitMy oTnE Cth, ea nS einrideesp 2e0n1d6e nStp ceecriatilf iAesds epsusbmliecn atc Rcoeufunntadnint gt oB aonnndus.a lly calculate the 3 Indigo East Community Development District General Fund Budget Assessment Roll Governmental Management Services – Central Florida, LLC serves as the District’s collection t he District’s non-ad valorem assessments with the county tax collector. agent and certifies Attorney Twmhiotenh Dt Chiolsylte rminc et&’es tW lienagggasol, nrceeovru inPes.wAe .l o ppreorvaitdinegs gaennde mraali lnetgeanla snecrev iccoenst troa ctthse, eDtics. tTrihcet, Di.eis.,t raitctte cnudrarnecnet layn hda ps raenp aargarteieomn efonrt Annual Audit TAhcceo Duinsttirnicgt Fisir rmeq. Tuhiree dD iasntrniucta lhlya st oc ocnotnrdauctcet da nw aituhd Gitr oafu i t&s Afisnsaoncciiaatle rse fcoorr tdhsi sb yse arnv iIcned. ependent Certified Public Management Fees lfTAiimnhgraeien teecDdmiia seltt onrr,eit c prwteo icrrtotheircn Gdegioi,nv vageen sran nnuMmdaal e ntanrautagadnelis mtMcsr,ea iennpttatc,ig .o eAn mc oceofn ubtn oStaeinrrdvgi cmaense de–t iCAnegdnsmt, riaandli smFtlrionartiisidvtare,a LtsiLveCerv. s iTceehrsve i csaeesrs v, pibcauerdst ginoefct lupadr eeMp, abanruaatt gaieormne ,n eanolttl Information Technology CRsstoeeofnptrwtraregaaselre eFna,l ntostdra i vbdsaleaerr,ti vLos eLufrCsos r,pc oprmosotves ieiotdtifiev niseng tfspho,a erAysm edia omstybiposelnt,e e mMmteeisccn.hr tonasotoilooftng yOa fnffodicr ept,h reoetg cDr.a i smGtrmoicvitne rgsnu fmcohre nafrtsaa vul idMd epaorn oactgoeencmtfeioernne,nt acSicencrgov,u iccnletosiun dg– Website Maintenance sabRecaecccpuokrrruedipstayesn n,a cetnestdc w.t hfGiiertohe vcw eCorahsnltalms pm teaeansristn ao1tlce8 Mina9ata, ennFdcal oegwr,e iumidtpahed nSamttt aeSotsenu,r itdvteooiscrc.ei unTsmg h– ee aCsnneetdn su terpmralvoal iiaFcndleotssar, i iinhdnioacns,l gutLi dLnteChg e spa inrtDoedi vs pditderoiermcfsto a’tsrhi mnew sareeneb ncsseeei wrtaevsa isclcseer,ss ews.a mteebedsn ittisne, Telephone Telephone and fax machine. Postage Mailing of agenda packages, overnight deliveries, checks for vendors and any other required correspondence. Printing & Binding ePnrivnetlionpge sa nedtc . Binding agenda packages for board meetings, printing of computerized checks, stationary, 4 Indigo East Community Development District General Fund Budget Insurance The District’s general liability & public officials liability insurance policy is with Florida Florida Insurance Alliance specializes in providing insurance coverage to governmenta Il nasguernacnieces. A lliance. The Legal Advertising Tnehwe sDpiasptreirc to fis g erenqeurairl ecdir ctou laatdivoenr. tTishee vDairsitoruicst dnooetisc emso fsotr o mf iotsn ltehglya l Baodavredr tmisienegt iwngitsh, CpAub Fliloc rhideaa rHinoglds,i negtsc .L iLnC a. Other Current Charges I ncludes bank charges and any other miscellaneous expenses that are incurred during the year. Property Taxes The District pays annual property tax to the Marion County Tax Collector’s Office. Office Supplies pTrhien tDeirs ttroincet rin ccaurrtrsi dchgaersg, pesa pfoerr ,s fuilpep floiledse trhsa, tb innedeedr sto, p been ps,u pracphears ecdli pdsu, rainndg oththe efris scuacl hy eoafrfi,c ien csluupdpinlige sc. opier and Dues, Licenses & Subscriptions Tonhley Deixsptreincst eis u rnedqeuri rtehdis tcoa pteagyo arny faonrn tuhael Dfeiest troic tth. e Department of Economic Opportunity for $175. This is the Main tenance: Water & Sewer TBoay r eLcaourrde lt hCee nwtaetre CrD coDs. t of irrigation charges to the common area. The District has the following accounts with Electric Expense STuom retecro rEdle tchteri ec lCeoctorpice rcaotsitv eo,f Isntcr.e (eStE lCigOh)t.i n g and pumps for wells. The District has the following account with Irrigation Repairs To record the cost of various repairs that may be needed to the irrigation system. 5 Indigo East Community Development District General Fund Budget Retention Ponds/ROW Maintenance The District has contracted with Earthscapes Unlimited, Inc to provide the following services: ATu. rfsttT Mhucuhrrarfoefi u nwdagturiehllelne aOsbas ncew ut cominelbl lo eeawsrlls)eo . odwDt u haftroe irrlnew 3gai8 sms tem o tswnopwtiehcicesni fingaseo m dtp soewprnie tylchle i bfiaueren. d mle iosnsw tahebedn goornrom wa aiwnl gece oskneldaysi tboionans (isNs aoinrvi esthme.e bT geyrrpo tiwhcarinol ugy geshaer aMlsyoa mrnc oh(Aw) ptinhrigel AEd. giaescaeEEwntoddnrddgoienggdtgg r/hajie iimunw .nn d Sb nggg tieo lcr wildoosnit nbifsf a wo a geataan e lirlwTell lre l wnhr elanailaceimsaontruk rhwtddmllg bvy siteeeil echbdnldr a eaba ggtpi csesf eme c i spes ewa:bl d pdaiSeigntnulidaeldttr sebd eibm nnl wwueeaga.s ain tBlitsllenchk terebgresdi ie , amsn gDl lcidrg nehgroo cierewtvnhosdree aiwiwunwm noltgieiahnmlc l sy atwbaeesol aed, ea wCes eqronueordunesarngiubk np einr ltmadlyesi nc . we bwvoenaeinsettsg jh eesiues ktutnt chltaccy.o ehtat i i diopabonnjsranat o sae cwwvinnesii itn delt ltdthed o nut gta okoreh iectrmen re, o gmsiapsb ti prntasthih titnenraeegduti sne gctganreterm ida.dom nR eiwpsmc eorcietonrhee sipgrangc.e r ithHnrgsioeteeeaydna rl c u sbwdpuolieeoiclnslv.inl i de Agbdiarnnlestll TAABre.. ed Te aBM rMpeeapdeail snisin cttateaarentkeniaio natnnongcs cebm em e,a aPftyrere urbeinae iol nusf g swwe aidenll etd bdo eF sh ,ea etrdlrtpajiul sicszhota enatditnor,d ont il og wthheteeernd ed gder,b oorwris tr hea mtb auoltvl hetiadmn tdeos we. nPesreuedr-ieenm gp reworigplele nbr teg ardonowdn etph o“.a sst— neheedrebdic."i dal TAAMu..u r l fcP S hFitne . Aert uSilgtirzuaaswttiio nmne u Tlcuhrf w wilill lb bee a fdedrteidli ztewdi c(e3 )p teirm yeesa ar iyne alarn. dscape bed areas. Plant Replacement E stimated 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. Description Monthly Annually EEavretrhgslacdapese sP Uinnel iSmtritaewd 1In0c,1 00 bales @ $5.28 /bale) $11,244 $1$3543,,932258 TOTAL $188,253 6 Indigo East Community Development District General Fund Budget Well Repairs and Maintenance Estimated cost for repairs and maintenance of the two wells. Contingency nRoetp friet sienntots a fnuyn adms aelnloitcya cteadte tgoo reyx.p enses that the District could incur throughout the fiscal year that do Other Expenditures: Capital Reserve - Transfer tFhurnodusg hcooullet cthteed D aisntdr icrte.s erved for the replacement of and/or purchase of new capital improvements 7 Indigo East Community Development District Adopted Budget Debt Service Fund Series 2016 Adopted Actuals Projected Description FBYu2d0g2e3t 6/T3h0r/u23 3 MNoenxtths P9r/oT3jhe0rc/ut2ed3 AFBYduo2dp0gt2ee4dt ICAARnssaetssreveerressyenss Fsmmuto eeeIrnsnnwcttoass mr--d PTe Sraeuxp rRpaoylluml sents $$$$ 89 37 ,, 00 --4635 $$$$ 89 237 ,,, 127 -035156 $$$$ 5 ---64 $$$$ 89 237 ,,, 178 -013159 $$$$ 89 02 ,, 57 --6829 Total Revenues $ 180,107 $ 183,092 $ 564 $ 183,656 $ 173,351 Expenditures IISPnnprttieeencrrcieeiapssltt a C--l a 15-l /15l 1/-/ 1111/1 $$$$ 114 599 ,,, 011 -055033 $$$$ 11140589,,,,000800450004 $$$$ ---- $$$$ 11140589,,,,000800450004 $$$$ 114 588 ,,, 022 -066033 Total Expenditures $ 83,306 $ 92,894 $ - $ 92,894 $ 81,525 Excess Revenues/(Expenditures) $ 96,801 $ 90,198 $ 564 $ N o v 910, 2,706224 $ $ 1 971,,481296 Discounts &G rCNooeslslt eAAcsstsisoeensssssmm (6eenn%ttss) $$88$275,,,258678129 AssessmenTtso ptaelr U Unnitist $418832 8 Indigo East Community Development District Series 2016 Special Assessment Bonds Amortization Schedule Date Balance Prinicpal Interest Total 11/01/23 855,000.00 $ - $ 18,262.50 $ 82,312.50 $ 05/01/24 855,000.00 $ 45,000.00 $ 18,262.50 $ 11/01/24 810,000.00 $ - $ 17,418.75 $ 80,681.25 $ 05/01/25 810,000.00 $ 45,000.00 $ 17,418.75 $ 11/01/25 765,000.00 $ - $ 16,575.00 $ 78,993.75 $ 05/01/26 765,000.00 $ 50,000.00 $ 16,575.00 $ 11/01/26 715,000.00 $ - $ 15,543.75 $ 82,118.75 $ 05/01/27 715,000.00 $ 55,000.00 $ 15,543.75 $ 11/01/27 660,000.00 $ - $ 14,409.38 $ 84,953.13 $ 05/01/28 660,000.00 $ 55,000.00 $ 14,409.38 $ 11/01/28 605,000.00 $ - $ 13,275.00 $ 82,684.38 $ 05/01/29 605,000.00 $ 60,000.00 $ 13,275.00 $ 11/01/29 545,000.00 $ - $ 12,037.50 $ 85,312.50 $ 05/01/30 545,000.00 $ 60,000.00 $ 12,037.50 $ 11/01/30 485,000.00 $ - $ 10,800.00 $ 82,837.50 $ 05/01/31 485,000.00 $ 60,000.00 $ 10,800.00 $ 11/01/31 425,000.00 $ - $ 9,562.50 $ 80,362.50 $ 05/01/32 425,000.00 $ 65,000.00 $ 9,562.50 $ 11/01/32 360,000.00 $ - $ 8,100.00 $ 82,662.50 $ 05/01/33 360,000.00 $ 65,000.00 $ 8,100.00 $ 11/01/33 295,000.00 $ - $ 6,637.50 $ 79,737.50 $ 05/01/34 295,000.00 $ 70,000.00 $ 6,637.50 $ 11/01/34 225,000.00 $ - $ 5,062.50 $ 81,700.00 $ 05/01/35 225,000.00 $ 70,000.00 $ 5,062.50 $ 11/01/35 155,000.00 $ - $ 3,487.50 $ 78,550.00 $ 05/01/36 155,000.00 $ 75,000.00 $ 3,487.50 $ 11/01/36 80,000.00 $ - $ 1,800.00 $ 80,287.50 $ 05/01/37 80,000.00 $ 80,000.00 $ 1,800.00 $ 81,800.00 $ 900,000.00 $ 324,993.75 $ 1,224,993.75 $ 9 Indigo East Community Development District Adopted Budget Capital Reserves Fund Adopted Actuals Projected Description FBYu2d0g2e3t 6/T3h0r/u23 3 MNoenxtths P9r/oT3jhe0rc/ut2ed3 AFBYduo2dp0gt2ee4td Revenues ICnatrerrye Fsto Irnwcoamrde Surplus $$ 355,2 -20 $$ 4 1660,,088659 $$ 4,0 -21 $$ 4 2600,,180669 $$ 338,6 -04 Total Revenues $ 355,220 $ 476,954 $ 4,021 $ 480,975 $ 338,604 Expenditures RDoRaAd Rweapya Riresurfacing $$ -- $$ 9,5 -48 $$ 132,8 -23 $$ 13 92,,582438 $$ -- Total Expenditures $ - $ 9,548 $ 132,823 $ 142,371 $ - Other Financing Sources/(Uses) Transfer In $ - $ - $ - $ - $ 25,000 Total Other Financing Sources/(Uses) $ - $ - $ - $ - $ 25,000 Excess Revenues/(Expenditures) $ 355,220 $ 467,406 $ (128,802) $ 338,604 $ 363,604 10