Westwood/OCC Community Development District

Adopted Budget
FY 2021

Table of Contents

1	 	General Fund

2-3	 	General Fund Narrative

Westwood/OCC
Community Development District

		Fiscal Year 2021 General Fund		
	Adopted Budget
FY2020	Actual Thru
6/30/20	Projected Next 3
Months	Total Thru
9/30/20	Adopted Budget
FY2021	

Revenues						
Developer Contributions	$101,918	$38,408	$20,622	$59,030	$105,718	
Total Revenues	$101,918	$38,408	$20,622	$59,030	$105,718	

Expenditures						
Administrative						
Supervisor Fees	$12,000	$1,000	$2,800	$3,800	$12,000	
FICA Expense	$918	$61	$168	$230	$918	
Engineering	$12,000	$0	$3,000	$3,000	$12,000	
Attorney	$25,000	$3,944	$3,556	$7,500	$25,000	
Annual Audit	$0	$0	$0	$0	$5,000	
Management Fees	$35,000	$26,250	$8,750	$35,000	$35,000	
Information Technology	$2,400	$900	$300	$1,200	$1,200	
Telephone	$300	$13	$12	$25	$300	
Postage	$1,000	$42	$33	$75	$1,000	
Printing & Binding	$1,000	$242	$108	$350	$1,000	
Insurance	$5,500	$5,000	$0	$5,000	$5,500	
Legal Advertising	$5,000	$801	$1,699	$2,500	$5,000	
Other Current Charges	$1,000	$0	$100	$100	$1,000	
Office Supplies	$625	$42	$33	$75	$625	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Total Expenditures	$101,918	$38,471	$20,559	$59,030	$105,718	
						
Excess Revenues/(Expenditures)	$0	($63)	$63	($0)	$0	

Westwood/OCC
Community Development District
GENERAL FUND BUDGET

REVENUES:

Developer Contributions

The District will enter into a Funding Agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

EXPENDITURES:

Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings. The amount is based on 5 supervisors attending 12 meetings during the fiscal year.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisor checks.

Engineering

The District's engineer, Dewberry Engineers, Inc., will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review of invoices and requisitions, preparation and review of contract specifications and bid documents, and various projects assigned as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, Hopping, Green & Sams, will be providing general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and 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 by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Westwood/OCC
Community Development District
GENERAL FUND BUDGET

Management Fees

The District has contracted with Governmental Management Services-Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, budget preparation, all financial reporting, annual audit, etc.

Information Technology

Represents costs related to the District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Telephone

Telephone and fax machine.

Postage

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

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Insurance

The District’s general liability and public officials liability insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

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 incurred during the year.

Office Supplies

Miscellaneous office supplies.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for $175. This is the only expense under this category for the District.