Isles of Bartram Park Community Development District
Adopted Budget

FY 2022

August 18, 2021

Isles of Bartram Park
Community Development District
GENERAL FUND BUDGET

GENERAL FUND BUDGET

Summary Revenues and Expenditures	Page 1

Narrative – Administrative and Maintenance	Page 2-5

Series 2015 Special Assessments Bonds	Page 6-8

Series 2017 Special Assessments Bonds	Page 9-11

Isles of Bartram Park
Community Development District	General Fund

	Adopted
Budget	Acutal
YTD	Projected
Next	Total
Projected	Adopted
Budget	
Description	FY 2021	6/30/21	3 Months	9/30/21	FY 2022	

Revenues						
Developer Contributions	$20,136	$0	$15,532	$15,532	$0	
Assessments	$196,435	$196,818	$0	$196,818	$237,023	
Carryforward Surplus	$0	$0	$0	$0	$0	
Total Revenues	$216,571	$196,818	$15,532	$212,350	$237,023	

Expenditures						
Administrative						
Supervisors Fees	$4,000	$2,800	$1,000	$3,800	$4,000	
FICA	$306	$214	$77	$291	$306	
Engineering	$6,000	$1,658	$1,543	$3,200	$6,000	
Dissemination	$7,000	$5,250	$1,750	$7,000	$7,000	
Arbitrage	$1,200	$600	$600	$1,200	$1,200	
Assessment Roll	$5,000	$5,000	$0	$5,000	$5,000	
Attorney	$10,000	$2,589	$7,411	$10,000	$10,000	
Annual Audit	$4,100	$4,100	$0	$4,100	$4,200	
Trustee Fees	$8,000	$7,333	$667	$8,000	$8,000	
Management Fees	$45,000	$33,750	$11,250	$45,000	$46,800	
Information Technology	$1,000	$750	$250	$1,000	$1,200	
Website Maintenance	$600	$450	$150	$600	$800	
Telephone	$150	$52	$48	$100	$150	
Postage	$300	$260	$40	$300	$300	
Insurance	$8,500	$8,459	$0	$8,459	$9,292	
Printing & Binding	$1,300	$577	$200	$777	$1,300	
Legal Advertising	$2,000	$444	$1,556	$2,000	$2,000	
Other Current Charges	$500	$174	$100	$274	$500	
Office Supplies	$200	$76	$50	$126	$200	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Total Administrative	$105,331	$74,712	$26,691	$101,402	$108,423	
Field						
Landscape Maintenace	$52,600	$44,721	$8,009	$52,730	$57,800	
Lake Maintenance	$24,840	$20,630	$5,010	$25,640	$25,800	
Waterfall/Entry Pond Maintenance	$5,400	$5,628	$1,350	$6,978	$6,600	
Lake Fountains Maintenance (Lake Doctors)	$1,400	$10,617	$350	$10,967	$11,400	
Management	$6,000	$4,500	$1,500	$6,000	$6,000	
Utilities	$20,000	$4,633	$3,000	$7,633	$20,000	
General Maintenance	$1,000	$0	$1,000	$1,000	$1,000	
Total Field	$111,240	$90,729	$20,219	$110,948	$128,600	
						
Total Expenditures	$216,571	$165,441	$46,909	$212,350	$237,023	
						
Excess Revenues/(Expenditures)	$0	$31,377	($31,377)	$0	$0	

FY 2021	

FY 2022		

FY 2021	

FY 2022	

DESCRIPTION	Units	Gross
Per Unit	Gross
Per Unit	Gross Per Unit
Increase	Gross
Assesment	Gross
Assesment	
Gross Assement - Tax Collector	635
Less: Discounts & Collections (6%)	$339	$396	$56	$208,973
($12,538)	$251,244
($14,221)	
Net Assesment - Tax Collector			$56	$196,435	$237,023	

GENERAL FUND BUDGET FISCAL YEAR 2022

REVENUES:

Assessments

The District will levy a non-ad-valorem maintenance assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year.

EXPENDITURES:

Administrative:

Supervisors Fees

The Florida Statutes allows each Board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon five supervisors attending 12 monthly meetings.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from the Board of Supervisors checks.

Engineering

The District will contract with England, Thims and Miller as District engineer who provides general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices, etc.

Dissemination Fees

The Annual Disclosure Report prepared by GMS, LLC required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Monthly	Annual
$	583	$	7,000

Contract
GMS

Arbitrage

The District is required to annually have an arbitrage rebate calculation on the District's Series 2015 & 2017 Special Assessment Revenue Bonds.

Assessment Roll

The District’s assessment roll administration, GMS, LLC, will provide services to prepare assessment rolls to district property owners.

Attorney
The District has contracted with Hopping, Green and Sams as legal counsel who provides general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.

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 contracted with Grau and Associates to prepare  the annual audit.

Trustee Fees

The District issued Series 2015 & Series 2017 Special Assessment Bonds, which are held with a Trustee at The Bank of New York Mellon. The amount of the trustee fees is based on the agreement between BNY and the District.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC.

Information Technology

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone

Telephone and fax machine.

Postage

Mailing of agenda packages, overnight deliveries, correspondence, etc.

Insurance

Represents the estimated cost for public officials, general liability, and property insurance for the District.

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, amortization schedule charges, and any other miscellaneous expenses incurred during the year.

Office Supplies

Miscellaneous office supplies.

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.

Field:

Landscape Maintenance

The District has contracted with a Yellowstone Landscape to provide landscaping and irrigation maintenance services to all the common areas within the District.  Other services includes annual  and plant rotation and mulch installation.

Contract	Monthly	Annual	
Yellowstone Landscape	$	2,750	$	32,996	
Other Services	$	1,714	$	20,565	
Contingency	$	353	$	4,239	
	$	4,817	$	57,800	

Lake Maintenance

The District has contracted with vendor The Lake Doctors to provide monthly water management services to all the lakes throughout the District and carp restocking.

Description	Monthly	Annual	
Lake Maintenance	$	1,670	$	20,040	
Triploid Grass Carp	$	-	$	4,800	
Contingency	$	80	$	960	
Total	$	1,750	$	25,800	

Waterfall/Pond Entry Maintenance

The District has contracted with Innovative Fountain Services to provide maintenance services to waterfalls and pond at community entrance.

Contract Innovative Fountain Services	Monthly
$	385	Annual
$	4,620	
Contingency	 $	165	 $	1,980	
	$	550	$	6,600	

Lake Fountains Maintenance

The District has contracted with The Lake Doctors to provide maintenance of fountains in lakes.

Contract	Quarterly	Annual	
The Lake Doctor's	$	350	$	1,400	
Contingency	$	2,500	$	10,000	
	$	2,850	$	11,400	

Management Company

The District has contracted with Vesta Property Services, Inc. to provide supervision and on-site management services for the District.

Monthly	Annual
$	500	$	6,000

Contract
Vesta

Utilities

Estimated cost for electric, irrigation and water provided by utility company. Also includes cost share for reimbursement of JEA irrigation to Celestina Master HOA.

General Maintenance

Estimated cost for general maintenance services of the district.

Isles of Bartram Park	Debt Service Fund Community  Development  District		Series 2015

Adopted	Actual	Projected		Total	Adopted Budget		Thru		Next	Projected		Budget
Description	FY 2021	6/30/21	3 Months	9/30/21	FY 2022 Revenues
Assessments	$433,476	$433,015	$0	$433,015	$432,170
Prepayments	$0	$32,273	$0	$32,273	$0
Interest  Income	$2,000	$33	$19	$52	$50
Carry  Forward  Surplus*	$334,698	$336,012	$0	$336,012	$371,502

Total Revenues	$770,174	$801,333	$19	$801,352	$803,722

Expenditures

Series 2015
Interest - 11/01	$153,506	$153,628	$0	$153,628	$150,841
Principal - 11/01	$110,000	$110,000	$0	$110,000	$115,000
Prepayment - 11/01	$0	$0	$0	$0	$32,000
Interest - 05/01	$151,100	$151,222	$0	$151,222	$148,325
Prepayment - 05/01	$0	$15,000	$0	$15,000	$0

Total Expenditures	$414,606	$429,850	$0	$429,850	$446,166

Excess Revenues	$355,568	$371,483	$19	$371,502	$357,556

*Reflects excess revenue at fiscal year end less reserve  fund amount	11/1/22 Interest	$148,325
11/1/22 Principal	$120,000

 	$268,325 

11/1/21	$ 6,030,000	$	115,000	$	150,841	$	265,841	
5/1/22	$ 5,915,000	$	-	$	148,325	$	-	
11/1/22	$ 5,915,000	$	120,000	$	148,325	$	416,650	
5/1/23	$ 5,795,000	$	-	$	145,700	$	-	
11/1/23	$ 5,795,000	$	130,000	$	145,700	$	421,400	
5/1/24	$ 5,665,000	$	-	$	142,856	$	-	
11/1/24	$ 5,665,000	$	135,000	$	142,856	$	420,713	
5/1/25	$ 5,530,000	$	-	$	139,903	$	-	
11/1/25	$ 5,530,000	$	140,000	$	139,903	$	419,806	
5/1/26	$ 5,390,000	$	-	$	136,841	$	-	
11/1/26	$ 5,390,000	$	160,000	$	136,841	$	433,681	
5/1/27	$ 5,230,000	$	-	$	132,841	$	-	
11/1/27	$ 5,230,000	$	170,000	$	132,841	$	435,681	
5/1/28	$ 5,060,000	$	-	$	128,591	$	-	
11/1/28	$ 5,060,000	$	180,000	$	128,591	$	437,181	
5/1/29	$ 4,880,000	$	-	$	124,091	$	-	
11/1/29	$ 4,880,000	$	190,000	$	124,091	$	438,181	
5/1/30	$ 4,690,000	$	-	$	119,341	$	-	
11/1/30	$ 4,690,000	$	200,000	$	119,341	$	438,681	
5/1/31	$ 4,490,000	$	-	$	114,341	$	-	
11/1/31	$ 4,490,000	$	205,000	$	114,341	$	433,681	
5/1/32	$ 4,285,000	$	-	$	109,216	$	-	
11/1/32	$ 4,285,000	$	220,000	$	109,216	$	438,431	
5/1/33	$ 4,065,000	$	-	$	103,716	$	-	
11/1/33	$ 4,065,000	$	230,000	$	103,716	$	437,431	
5/1/34	$ 3,835,000	$	-	$	97,966	$	-	
11/1/34	$ 3,835,000	$	240,000	$	97,966	$	435,931	
5/1/35	$ 3,595,000	$	-	$	91,966	$	-	
11/1/35	$ 3,595,000	$	250,000	$	91,966	$	433,931	

5/1/36	$ 3,345,000	$	-	$	85,716	$	-	
11/1/36	$ 3,345,000	$	265,000	$	85,716	$	436,431	
5/1/37	$ 3,080,000	$	-	$	78,925	$	-	
11/1/37	$ 3,080,000	$	280,000	$	78,925	$	437,850	
5/1/38	$ 2,800,000	$	-	$	71,750	$	-	
11/1/38	$ 2,800,000	$	290,000	$	71,750	$	433,500	
5/1/39	$ 2,510,000	$	-	$	64,319	$	-	
11/1/39	$ 2,510,000	$	305,000	$	64,319	$	433,638	
5/1/40	$ 2,205,000	$	-	$	56,503	$	-	
11/1/40	$ 2,205,000	$	325,000	$	56,503	$	438,006	
5/1/41	$ 1,880,000	$	-	$	48,175	$	-	
11/1/41	$ 1,880,000	$	340,000	$	48,175	$	436,350	
5/1/42	$ 1,540,000	$	-	$	39,463	$	-	
11/1/42	$ 1,540,000	$	355,000	$	39,463	$	433,925	
5/1/43	$ 1,185,000	$	-	$	30,366	$	-	
11/1/43	$ 1,185,000	$	375,000	$	30,366	$	435,731	
5/1/44	$	810,000	$	-	$	20,756	$	-	
11/1/44	$	810,000	$	395,000	$	20,756	$	436,513	
5/1/45	$	415,000	$	-	$	10,634	$	-	
11/1/45	$	415,000	$	415,000	$	10,634	$	436,269	

Totals	$ 6,030,000	$ 4,635,434	$ 10,665,434

Isles of Bartram Park	Debt Service Fund Community  Development  District		Series 2017

Adopted	Actual	Projected		Total	Adopted Budget		Thru		Next	Projected		Budget
Description	FY 2021	6/30/21	3 Months	9/30/21	FY 2022 Revenues
Assessments	$344,195	$342,147	$0	$342,147	$341,479
Interest  Income	$2,000	$25	$10	$35	$35
Carry  Forward  Surplus*	$244,032	$236,010	$0	$236,010	$238,817

Total Revenues	$590,227	$578,182	$10	$578,192	$580,331

Expenditures

Series 2017
Interest - 11/01	$120,563	$120,563	$0	$120,563	$118,813
Principal - 11/01	$100,000	$100,000	$0	$100,000	$100,000
Interest - 05/01	$118,813	$118,813	$0	$118,813	$117,063

Total Expenditures	$339,375	$339,375	$0	$339,375	$335,875

Excess Revenues	$250,852	$238,807	$10	$238,817	$244,456

*Reflects excess revenue at fiscal year end less reserve  fund amount	11/1/22 Interest	$117,063
11/1/22 Principal	$105,000

 	$222,063 

Date	Balance	Principal	Interest	Annual

11/1/21	$ 5,055,000	$	100,000	$	118,813	$	337,625	
5/1/22	$ 4,955,000		$	117,063	$	-	
11/1/22	$ 4,850,000	$	105,000	$	117,063	$	339,125	
5/1/23	$ 4,850,000		$	115,225	$	-	
11/1/23	$ 4,850,000	$	110,000	$	115,225	$	340,450	
5/1/24	$ 4,740,000		$	113,025	$	-	
11/1/24	$ 4,740,000	$	115,000	$	113,025	$	341,050	
5/1/25	$ 4,625,000		$	110,725	$	-	
11/1/25	$ 4,625,000	$	120,000	$	110,725	$	341,450	
5/1/26	$ 4,505,000		$	108,325	$	-	
11/1/26	$ 4,505,000	$	120,000	$	108,325	$	336,650	
5/1/27	$ 4,385,000		$	105,925	$	-	
11/1/27	$ 4,385,000	$	125,000	$	105,925	$	336,850	
5/1/28	$ 4,260,000		$	103,425	$	-	
11/1/28	$ 4,260,000	$	135,000	$	103,425	$	341,850	
5/1/29	$ 4,125,000		$	100,303	$	-	
11/1/29	$ 4,125,000	$	140,000	$	100,303	$	340,606	
5/1/30	$ 3,985,000		$	97,066	$	-	
11/1/30	$ 3,985,000	$	145,000	$	97,066	$	339,131	
5/1/31	$ 3,840,000		$	93,713	$	-	
11/1/31	$ 3,840,000	$	150,000	$	93,713	$	337,425	
5/1/32	$ 3,690,000		$	90,244	$	-	
11/1/32	$ 3,690,000	$	160,000	$	90,244	$	340,488	
5/1/33	$ 3,530,000		$	86,544	$	-	
11/1/33	$ 3,530,000	$	165,000	$	86,544	$	338,088	
5/1/34	$ 3,365,000		$	82,728	$	-	
11/1/34	$ 3,365,000	$	175,000	$	82,728	$	340,456	
5/1/35	$ 3,190,000		$	78,681	$	-	
11/1/35	$ 3,190,000	$	180,000	$	78,681	$	337,363	

Date	Balance	Principal	Interest	Annual

5/1/36	$ 3,010,000		$	74,519	$	-	
11/1/36	$ 3,010,000	$	190,000	$	74,519	$	339,038	
5/1/37	$ 2,820,000		$	70,125	$	-	
11/1/37	$ 2,820,000	$	200,000	$	70,125	$	340,250	
5/1/38	$ 2,620,000		$	65,500	$	-	
11/1/38	$ 2,620,000	$	210,000	$	65,500	$	341,000	
5/1/39	$ 2,410,000		$	60,250	$	-	
11/1/39	$ 2,410,000	$	220,000	$	60,250	$	340,500	
5/1/40	$ 2,190,000		$	54,750	$	-	
11/1/40	$ 2,190,000	$	230,000	$	54,750	$	339,500	
5/1/41	$ 1,960,000		$	49,000	$	-	
11/1/41	$ 1,960,000	$	240,000	$	49,000	$	338,000	
5/1/42	$ 1,720,000		$	43,000	$	-	
11/1/42	$ 1,720,000	$	255,000	$	43,000	$	341,000	
5/1/43	$ 1,465,000		$	36,625	$	-	
11/1/43	$ 1,465,000	$	265,000	$	36,625	$	338,250	
5/1/44	$ 1,200,000		$	30,000	$	-	
11/1/44	$ 1,200,000	$	280,000	$	30,000	$	340,000	
5/1/45	$	920,000		$	23,000	$	-	
11/1/45	$	920,000	$	295,000	$	23,000	$	341,000	
5/1/46	$	625,000		$	15,625	$	-	
11/1/46	$	625,000	$	305,000	$	15,625	$	336,250	
5/1/47	$	320,000		$	8,000	$	-	
11/1/47	$	320,000	$	320,000	$	8,000	$	336,000	

Totals

$ 5,055,000	$ 3,985,581	$ 9,159,394