East Palm Drive	
Community Development District	

Adopted Budget	
FY 2025	

Table of Contents

1		General Fund

2-3		Narratives

East Palm Drive	
Community Development District	
Adopted Budget	
General Fund	

Golf Facility	
Golf Expenditures	

Adopted Budget	
FY 2025	

REVENUES:		
Developer Contributions/Maintenance Assessments	$1,145,430	
TOTAL REVENUES	$1,145,430	

EXPENDITURES:		

Administrative	
Engineering	
Attorney	
Annual Audit	
Assessment Administration	
Arbitrage Rebate	
Dissemination Agent	
Trustee Fees	
Management Fees	
Information Technology/Website Maintenance	
Telephone	
Postage & Delivery	
Insurance General Liability	
Printing & Binding	
Legal Advertising	
Other Current Charges	
Office Supplies	
Dues, Licenses & Subscriptions	

$	5,000		
24,000		
5,000		
-	(1)	
1,250	(1)	
5,000	(1)	
6,000	(1)	
40,000		
2,400		
1,200		
600		
7,500		
1,200		
1,500		
525		
120		
175		

TOTAL ADMINISTRATIVE	$101,470

Field	
Landscape Maintenance	
Plant Replacement	
Annuals and Mulch	
Tree Trimming	
General Repairs	
Drain Maintenance	
Porter Services	
Street Lighting	
Irrigation	
General Maintenance	
Lake & Canal Maintenance	
Field Management	
Contingency	

$ 200,000	
15,000	
24,000	
30,000	
12,000	
15,000	
48,000	
22,000	
120,000	
6,000	
8,000	
22,000	
2,499	

TOTAL FIELD	$524,499	
		
	$ 519,461	
TOTAL GOLF FACILITY	$519,461	
		
TOTAL EXPENDITURES	$1,145,430	
		
EXCESS REVENUES/(EXPENDITURES)	$-	

(1)	Represents costs associated with the issuance of Bonds.	

East Palm Drive	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

REVENUES	

Developer Contributions/Maintenance 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	
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.	
Attorney	
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.	
Annual Audit	
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Arbitrage Rebate	
The District is required to have an annual arbitrage rebate calculation on the District’s Bonds. The District has contracted with an LLS Tax Solutions to perform the calculations.	
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.	
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. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Information Technology/Website Maintenance	
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.	
Telephone	
Actual charges for conference calls.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Insurance General Liability	
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 and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Department of Economic Opportunity Community Affairs for $175.	

East Palm Drive	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

Expenditures - Administrative (continued)	
Contingencies	
A contingency for any unanticipated and unscheduled cost to the District.	

Expenditures – Field	

Landscape Maintenance	
The cost to maintain common areas of the Project.	
Plant Replacement	
The cost to replace plants in common areas.	
Anmual & Mulch	
The cost to plant and mulch common areas.	
Tree Trimming	
The cost of trimming of trees and clean up.	
General Repairs	
The cost of electric from FPL for streetlights.	
Drainage Maintenance	
The cost of clearing and maintaining the drainage system.	
Porter Services	
Service provided for general repairs and clean up.	
Street Lighting	
The cost of electric from FPL for streetlights.	
Irrigation	
The cost of water for irrigating the common areas	
Gneral Maintenance	
The cost of general upkeep.	
Lake & Canal Maintenance	
The cost of monthly maintenance of the District's canals and lakes	
Field Management	
The supervision and reporting to the Board of Supervisors of the field maintenance services as provided by the different vendors.	
Contingencies	
Any unforeseen or unbudgeted expenditures.