Towne Park CDD	
Adopted FY2019-2020 O&M Budget	
	
YTD Actual Through 06/30/2019		
Anticipated 07/2019 -
09/2019		

Anticipated FY 2019 Totals		
FY 2019
Adopted Budget	
FY 2020
Adopted Budget	

Revenues									
On-Roll Assessments	$	57,430.68		$	31,369.32		$	88,800.00		$	88,800.00	$ 430,950.00	
Off-Roll Assessments	174,565.73		-		-		-	-	
Other Income & Other Financing Sources	600.00		-		600.00		-	-	
Developer Contributions	-		-		-		195,450.00	-	
Net Revenues	$ 232,596.41		$	31,369.32		$	263,965.73		$ 284,250.00	$ 430,950.00	
General & Administrative Expenses									
Supervisor Fees	$	3,800.00		$	1,000.00		$	4,800.00		$	4,000.00	$	4,000.00	
D&O Insurance	2,356.00		-		2,356.00		2,600.00	2,600.00	
Bond Trustee Services	2,587.50		-		2,587.50		4,000.00	 	11,000.00 	
Management	18,749.97		6,250.03		25,000.00		25,000.00	25,000.00	
Field Management	-		-		-		-	1,200.00	
Engineering	-		1,250.00		1,250.00		5,000.00	10,000.00	
Dissemination Agent	5,500.00		-		5,500.00		4,000.00	5,500.00	
District Counsel	16,016.79		4,004.20		20,020.99		15,000.00	20,000.00	
Assessment Administration	5,000.00		-		5,000.00		-	12,500.00	
Reamortization Schedules	-		-		-		-	500.00	
Audit	5,075.00		1,425.00		6,500.00		6,500.00	10,000.00	
Travel and Per Diem	278.59		69.65		348.24		500.00	-	
Telephone	67.05		16.76		83.81		200.00	200.00	
Postage & Shipping	177.16		44.29		221.45		150.00	150.00	
Copies	228.75		57.19		285.94		1,500.00	 	1,000.00 	
Legal Advertising	844.24		211.06		1,055.30		3,000.00	3,000.00	
Miscellaneous, Contingency	1,500.00		375.00		1,875.00		20,000.00	15,000.00	
Hurricane Cleanup	-		-		-		-	5,000.00	
Web Site Maintenance	675.00		225.00		900.00		900.00	2,400.00	
Dues, Licenses, and Fees	455.00		-		455.00		250.00	250.00	
Water	5,656.53		1,414.13		7,070.66		8,000.00	8,000.00	
Pond Maintenance	21,150.00		2,500.00		23,650.00		10,000.00	 	25,000.00 	
General Liab. Insurance	2,946.00		-		2,946.00		3,250.00	3,250.00	
Property Insurance	8,613.00		-		8,613.00		12,000.00	20,000.00	
Landscaping Maintenance & Material	30,268.87		8,202.00		38,470.87		125,000.00	180,000.00	
Total General & Administrative Expenses	$ 131,945.45		$	27,044.31		$	158,989.76		$ 250,850.00	$ 365,550.00	
Pool & Clubhouse #1									
Maintenance Staff	$	-		$	750.00		$	750.00		$	3,000.00	$	1,000.00	
Facility Management	-		750.00		750.00		3,000.00	2,400.00	
Electric	5,603.54		1,400.89		7,004.43		10,000.00	10,000.00	
Water	1,444.63		361.16		1,805.79		5,000.00	5,000.00	
Pool Maintenance & Repairs	12,700.00		4,275.00		16,975.00		8,400.00	12,000.00	
Internet/Phone	5,120.55		225.00		5,345.55		1,000.00	1,000.00	
Pest Control	150.00		225.00		375.00		500.00	500.00	
Facility Repair & Maintenance	2,298.00		574.50		2,872.50		2,500.00	2,500.00	
Janitorial Expenses	-		-		-		-	6,000.00	
Total Pool & Clubhouse Expenses	$	27,316.72		$	8,561.54		$	35,878.26		$	33,400.00	$	40,400.00	
Pool & Clubhouse #2									
Maintenance Staff	$	-		$	-		$	-		$	-	$	1,800.00	
Facility Management	-		-		-		-	1,800.00	
Electric	-		-		-		-	5,800.00	
Internet/Phone	-		-		-		-	500.00	
Facility Repair & Maintenance	-		-		-		-	1,400.00	
Pest Control	-		-		-		-	300.00	
Janitorial Expenses	-		-		-		-	3,500.00	
Pool Maintenance & Repairs	-		-		-		-	7,000.00	
Water	-		-		-		-	2,900.00	
Total Pool & Clubhouse #2 Expense	$	-		$	-		$	-		$	-	$	25,000.00	

Total Expenses	
  $ 159,262.17 		
  $		
35,605.85 		
   $		
194,868.02 		
  $ 	
284,250.00 	
  $ 	
430,950.00 	
Income (Loss) from Operations	$	73,334.24		$	(4,236.53)		$	69,097.71		$	-	$	-	
Other Income (Expense)									
Interest Income	106.35		-		106.35		-	-	
Total Other Income (Expense)	$	106.35		$	-		$	106.35		$	-	$	-	
Net Income (Loss)	$	73,440.59		$	(4,236.53)		$	69,204.06		$	-	$	-