Keys Edge Community Development District

Proposed Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

PROPOSED BUDGET
KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	
FISCAL YEAR 2021/2022
BUDGET	
Administrative Assessments	0	
Maintenance Assessments	0	
Developer Contribution	101,825	
Debt Assessments	0	
Interest Income	0	
		
TOTAL REVENUES	$	101,825	
		
EXPENDITURES		
Maintenance Expenditures		
Engineer's Report/Inspections	1,500	
Street/Roadway Maintenance/Signage	3,000	
Common Area Maintenance	18,000	
Entry Feature Maintenance	12,000	
Maintenance Contingency	6,000	
TOTAL MAINTENANCE EXPENDITURES	$	40,500	
		
Administrative Expenditures		
Supervisor Fees	0	
Management	26,100	
Legal	11,000	
Assessment Roll	10,000	
Audit Fees	0	
Arbitrage Rebate Fee	0	
Insurance	6,000	
Legal Advertisements	3,500	
Miscellaneous	1,500	
Postage	300	
Office Supplies	750	
Dues & Subscriptions	175	
Trustee Fees	0	
Continuing Disclosure Fee	0	
Website Management	2,000	
Administrative Contingency	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	61,325	
		
TOTAL EXPENDITURES	$	101,825	
		
REVENUES LESS EXPENDITURES	$	-	
		
Bond Payments	0	
		
BALANCE	$	-	
		
County Appraiser & Tax Collector Fee	0	
Discounts For Early Payments	0	
		
EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
KEYS EDGE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	
FISCAL YEAR 2019/2020 ACTUAL	
FISCAL YEAR 2020/2021 BUDGET	
FISCAL YEAR 2021/2022 BUDGET	

COMMENTS	
Administrative Assessments	0	0	0		
Maintenance Assessments	0	0	0		
Developer Contribution	42,424	101,825	101,825	Developer Contribution	
Debt Assessments	0	0	0		
Interest Income	4	0	0	No Change From 2019/2020 Budget	
					
TOTAL REVENUES	$	42,428	$	101,825	$	101,825		
					
EXPENDITURES					
Maintenance Expenditures					
Engineer's Report/Inspections	0	1,500	1,500	No Change From 2020/2021 Budget	
Street/Roadway Maintenance/Signage	0	3,000	3,000	No Change From 2020/2021 Budget	
Common Area Maintenance	0	18,000	18,000	No Change From 2020/2021 Budget	
Entry Feature Maintenance	0	12,000	12,000	No Change From 2020/2021 Budget	
Maintenance Contingency	0	6,000	6,000	No Change From 2020/2021 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	-	$	40,500	$	40,500		
					
Administrative Expenditures					
Supervisor Fees	0	0	0	Typically Non-Applicable First Few Years	
Management	26,100	26,100	26,100	$2,175 Per Month	
Legal	5,445	11,000	11,000	No Change From 2020/2021 Budget	
Assessment Roll	0	10,000	10,000	Billed First Year District Is On Tax Roll	
Audit Fees	0	0	0	Will Commence In First Year After Bond Issue	
Arbitrage Rebate Fee	0	0	0	Will Commence In First Year After Bond Issue	
Insurance	5,381	6,000	6,000	Insurance Estimate	
Legal Advertisements	692	3,500	3,500	Higher First Few Years Due To More Required Advertising	
Miscellaneous	102	1,500	1,500	No Change From 2020/2021 Budget	
Postage	101	300	300	No Change From 2020/2021 Budget	
Office Supplies	139	750	750	No Change From 2020/2021 Budget	
Dues & Subscriptions	175	175	175	Annual Dues Paid To Department Of Economic Opportunity	
Trustee Fees	0	0	0	Will Commence In First Year After Bond Issue	
Continuing Disclosure Fee	0	0	0	Will Commence In First Year After Bond Issue	
Website Management	2,000	2,000	2,000	Website Management	
Administrative Contingency	0	0	0	Administrative Contingency	
TOTAL ADMINISTRATIVE EXPENDITURES	$	40,135	$	61,325	$	61,325		
					
TOTAL EXPENDITURES	$	40,135	$	101,825	$	101,825		
					
REVENUES LESS EXPENDITURES	$	2,293	$	-	$	-		
					
Bond Payments	0	0	0	2022 P & I Payments Less Earned Interest	
					
BALANCE	$	2,293	$	-	$	-		
					
County Appraiser & Tax Collector Fee	0	0	0	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	0	0	0	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	2,293	$	-	$	-