Adopted Budget	
Fiscal Year 2022	

Biscayne Drive Estates	
Community Development District	

January 21, 2022

Biscayne Drive Estates	
Community Development District	

TABLE OF CONTENTS

General Fund	
Budget	
Budget Narrative	

Page 1	
Page 2-3	

Biscayne Drive	
Community Development District	

 	
General Fund	
FY 2022	

Adopted	
Budget FY2022	

Revenues	
Developer Funding	
Total Revenues	
Expenditures	
Administrative	
Engineering	
Arbitrage	
Dissemination	
Assessment Roll	
Attorney	
Annual Audit	
Trustee Fees	
Management Fees	
Computer Time	
Telephone	
Postage	
Insurance	
Printing & Binding	
Legal Advertising	
Other Current Charges	
District's Webpage	
Office Supplies	
Dues, Licenses & Subscriptions	
Discount and Collection Cost	

$106,211	
$106,211	

$1,500	
$1,200	
$1,200	
$2,000	
$12,000	
$4,000	
$3,500	
$22,000	
$1,200	
$0	
$200	
$4,000	
$200	
$1,200	
$150	
$1,200	
$0	
$150	
$5,310	

Description

$18,000	
$2,400	
$18,000	
$2,000	
$4,800	
$45,200	

Administrative Expenses	$61,010

Field	
Landscape Maintenance	
Porter	
Street Lighting (80 Poles)	
Repairs and Maintenance	
Drainage Clean up	

Field Expenses

Total Expenditures

$106,210

# Units	Gross Assessment	Net Assmnt. Per Unit	Net Assmnt. Per Unit	
148	$85,158	$546.62	$	546.62	

Page 1

Biscayne Drive Estates
Community Development District
GENERAL FUND BUDGET

REVENUES:

Developer Contributions/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 Fees
The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Arbitrage
The District is required to have an annual arbitrage rebate calculation on the District’s Bonds. The District will contract with an independent auditing firm 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.

Assessment Roll
Represents cost associated with annually levying and collection Non-Ad Valorem Assessments utilized to fund the operating and debt service cost of the District.

Attorney Fees
The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

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.

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

Insurance
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 & 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 and any other miscellaneous expenses that incurred during the year.

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Biscayne Drive Estates
Community Development District
GENERAL FUND BUDGET

Administrative: (continued)

Website Administration
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.

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.

Field:

Street Lighting
Costs from FPL associated with common area street lights.

Repairs & Maintenance
Any miscellaneous repairs not included in another budget line item.

Drainage Maintenance
The District will enter into a contract for the monthly maintenance of the District drainage system.

Contingency
Represents any un-budgeted expense.

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