Black Creek Community Development District

Proposed Budget For Fiscal Year 2018/2019
May 1, 2019 - September 30, 2019

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

PROPOSED BUDGET
BLACK CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019
MAY 1, 2019 - SEPTEMBER 30, 2019

REVENUES	
FISCAL YEAR 2018/2019 BUDGET	
O&M Assessments	0	
Developer Contribution	67,075	
Debt Assessments	0	
Interest Income	0	
		
TOTAL REVENUES	$	67,075	
		
EXPENDITURES		
Maintenance Expenditures		
Annual Engineer's Report & Inspections	0	
Engineering Report*	15,000	
Field Operations Management	0	
Street/Roadway Maintenance/Signage	1,500	
Miscellaneous Maintenance	1,500	
Wall Feature Maintenance/Upkeep	1,500	
Maintenance Contingency	1,500	
TOTAL MAINTENANCE EXPENDITURES	$	21,000	
		
Administrative Expenditures		
Supervisor Fees	0	
Management	10,775	
Legal	7,500	
Assessment Roll	0	
Methodology Report*	17,500	
Audit Fees	0	
Arbitrage Rebate Fee	0	
Insurance	5,000	
Legal Advertisements	2,500	
Miscellaneous	700	
Postage	200	
Office Supplies	600	
Dues & Subscriptions	175	
Trustee Fees	0	
Continuing Disclosure Fee	0	
Website Management	625	
Administrative Contingency	500	
TOTAL ADMINISTRATIVE EXPENDITURES	$	46,075	
		
TOTAL EXPENDITURES	$	67,075	
		
REVENUES LESS EXPENDITURES	$	-	
		
Bond Payments	0	
		
BALANCE	$	-	
		
County Appraiser & Tax Collector Fee	0	
Discounts For Early Payments	0	
		
EXCESS/ (SHORTFALL)	$	-	

*These items can either be classified as operating expenditures or as bond closing expenditures.   If they are classified as bond closing expenditures the total budget would be $34,575.
Net Per Unit Covenant amount is $390.00.

DETAILED PROPOSED BUDGET
BLACK CREEK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019
MAY 1, 2019 - SEPTEMBER 30, 2019

REVENUES	
FISCAL YEAR 2016/2017 ACTUAL	
FISCAL YEAR 2017/2018 BUDGET	
FISCAL YEAR 2018/2019 BUDGET	

COMMENTS	
O&M Assessments	0	0	0		
Developer Contribution	0	0	67,075	Developer Contribution	
Debt Assessments	0	0	0		
Interest Income	0	0	0		
					
TOTAL REVENUES	$	-	$	-	$	67,075		
					
EXPENDITURES					
Maintenance Expenditures					
Annual Engineer's Report & Inspections	0	0	0	Annual Engineer's Report & Inspections	
Engineering Report*	0	0	15,000		
Field Operations Management	0	0	0	Will Commence In First Year District Is On Tax Roll	
Street/Roadway Maintenance/Signage	0	0	1,500	General Street/Sign Mte & Drain Cleaning	
Miscellaneous Maintenance	0	0	1,500	Miscellaneous Maintenance	
Wall Feature Maintenance/Upkeep	0	0	1,500	Wall Maintenance/Painting/Upkeep	
Maintenance Contingency	0	0	1,500	Maintenance Contingency	
TOTAL MAINTENANCE EXPENDITURES	$	-	$	-	$	21,000		
					
Administrative Expenditures					
Supervisor Fees	0		0		
Management	0		10,775	Five Months At $2,155 Per Month	
Legal	0		7,500		
Assessment Roll	0		0	Will Commence In Fiscal Year Following Issuing Of Bond	
Methodology Report*	0		17,500		
Audit Fees	0		0	Will Commence In Fiscal Year Following Issuing Of Bond	
Arbitrage Rebate Fee	0		0	Will Commence In Fiscal Year Following Issuing Of Bond	
Insurance	0		5,000		
Legal Advertisements	0		2,500		
Miscellaneous	0		700		
Postage	0		200		
Office Supplies	0		600		
Dues & Subscriptions	0		175		
Trustee Fees	0		0	Will Commence In Fiscal Year Following Issuing Of Bond	
Continuing Disclosure Fee	0		0	Will Commence In Fiscal Year Following Issuing Of Bond	
Website Management	0		625	Five Months At $125 Per Month	
Administrative Contingency	0		500	Administrative Contingency	
TOTAL ADMINISTRATIVE EXPENDITURES	$	-	$	-	$	46,075		
					
TOTAL EXPENDITURES	$	-	$	-	$	67,075		
					
REVENUES LESS EXPENDITURES	$	-	$	-	$	-		
					
Bond Payments	0	0	0		
					
BALANCE	$	-	$	-	$	-		
					
County Appraiser & Tax Collector Fee	0	0	0		
Discounts For Early Payments	0	0	0		
					
EXCESS/ (SHORTFALL)	$	-	$	-	$	-		

*These items can either be classified as operating expenditures or as bond closing expenditures. If they are classified as bond closing expenditures the total budget would be $34,575.
Net Per Unit Covenant amount is $390.00.