Cypress Ridge Community Development District Adopted Budget FY2024 1 2-4 Table of Contents General Fund General Fund Narrative Adopted Actuals Projected Description FBYu2d0g2e3t 5/T3h1r/u23 4 MNeoxntt hs P9r/oT3jhe0rc/tue2d3 AFBYduo2dp0gt2ee4dt Revenues Developer Contributions $ 217,800 $ 20,000 $ 89,148 $ 109,148 $ 252,951 Total Revenues $ 217,800 $ 20,000 $ 89,148 $ 109,148 $ 252,951 Expenditures General & Administrative Supervisor Fees 12,000 $ 1,400 $ 4,000 $ 5,400 $ 12,000 $ Engineering 15,000 $ - $ 7,500 $ 7,500 $ 15,000 $ Attorney 25,000 $ 1,962 $ 5,500 $ 7,462 $ 25,000 $ Annual Audit 4,000 $ - $ 3,100 $ 3,100 $ 5,000 $ Assessment Administration 5,000 $ - $ - $ - $ 5,000 $ Arbitrage 450 $ - $ - $ - $ 900 $ Dissemination 5,000 $ - $ - $ - $ 6,000 $ Trustee Fees 3,600 $ - $ - $ - $ 8,020 $ Management Fees 35,000 $ 23,333 $ 11,667 $ 35,000 $ 37,100 $ Information Technology 1,800 $ 1,200 $ 600 $ 1,800 $ 1,800 $ Website Maintenance 1,200 $ 800 $ 400 $ 1,200 $ 1,200 $ Postage & Delivery 600 $ 9 $ 45 $ 54 $ 600 $ Insurance 5,000 $ 5,375 $ - $ 5,375 $ 6,181 $ Copies 850 $ 13 $ 45 $ 58 $ 850 $ Legal Advertising 7,500 $ - $ 1,779 $ 1,779 $ 7,500 $ Contingency 5,000 $ 210 $ 839 $ 1,048 $ 5,000 $ Office Supplies 625 $ 3 $ 25 $ 28 $ 625 $ Dues, Licenses & Subscriptions 175 $ 175 $ - $ 175 $ 175 $ Total Administrative 127,800 $ 34,481 $ 35,499 $ 69,980 $ 137,951 $ Operation and Maintenance Field Expenses Property Insurance 10,000 $ - $ - $ - $ 10,000 $ General Field Contingency 75,000 $ - $ 37,500 $ 37,500 $ 100,000 $ Total Field Expenses 85,000 $ - $ 37,500 $ 37,500 $ 110,000 $ Expenses Amenity Access Management 5,000 $ - $ 1,668 $ 1,668 $ 5,000 $ Total Amenity Expenses 5,000 $ - $ 1,668 $ 1,668 $ 5,000 $ Total Expenditures 217,800 $ 34,481 $ 74,667 $ 109,148 $ 252,951 $ Excess Revenues/(Expenditures) - (14,481) 14,481 - - Community Development District Cypress Ridge Adopted Budget General Fund 1 Cypress Ridge Community Development District General Fund Budget Revenues: Developer Contributions The District will enter into a funding agreement with the Developer expenditures for the Fiscal Year. to fund the General Fund Expenditures: General & Administrative: Supervisor Fees C$4h,a8p0t0e rp 1e9r 0y,e Falro priadiad Stota etuactehs S, ualploewrvsi sfoorr feoarc hth Beo taimrde m deevmobteedr ttoo rDeicsetirvicet $ b2u0s0in peesrs manede tminege, tninogt sto. exceed Engineering pTofrh eSepu apDreiasrttviroiiscnot r'fsos rae mnndgo itnnhteehe lDry ibsptorroaicrvtdi dM measen egateginnegres.r ,a rle veniegwin ienevroinicge ss aenrvdi cveasr iotou st hpero jDeicsttsr iacst ,d ier.egc. taetdt ebnyd tahnec Be oaanrdd Attorney STfouhrpe e mDrivesietstroiincrtsg' ssa, n lepdgr atehlp ceao Druaintsistorenilc pta rMnodav nidraeegvse igre.ew n eorfa la lgergeael mseernvticse, sr etos othluet Dioinstsr, icett,c e. .ga.s a tdtiernedcatendc eb ayn dth per eBpoaarradti oonf ATonnh nea unDa ials nAtrnuiucdati tli sb aresiqsu. ired by Florida Statutes to arrange for an independent audit of its financial records aTAsshsseee ssDssmiasbterlneitc ptA rdwompileiln rcitosytn rwtaritatihocitnn t oth lee Dvyis tarnicdt .a dminister the collection of non-ad valorem assessment on all Arbitrage TDhiset rDicits’tsr Aicrtb witrilalg ceo Rnetrbaactte wLiiatbhi laitny ionnd aenp eanndtiecnipt acteerdt ibfioendd p isusbulaicn caec.c ountant to annually calculate the aDTwnhihstesiic ceDhimpi rsainettraleaidtctit eob sinos t norde a qidsusdiuriteaidno ncbeay.l trheep oSretcinugri trye qaunidre Emxechnatsn gfoer Cuonmramteisds bioonn dto i scsoumeps.l yT hwisit hco Rstu ilse b1a5sce2d- 1u2p(obn)( a5n) 2 Cypress Ridge Community Development District General Fund Budget TTrhues Dteies tFreicets will incur trustee related costs with the issuance of its’ issued bonds. Management Fees TApnrohgetre pe Daelirmmisaettirtinoeictdn tw , ratietlolhc , fe iGinrvoeaevcnsoec rrMidnalaim nrngeea npgtoaearnmlt dsMe ,n aattrnn, anaAngucseaccmlor aiuepunntdtitoii nStnseg ,r eaovtnifcc d.e b sAo-Cadremdni tnrmiaslet rFealtotinirvgieds a,s , eaLrdLvmCic. ieTnshi saets rs aeptraivvreitc eossfe iarnv cMilcuaednse,a gbbeuumtd aegrneett fcRIrnoeafnpoufrrdeme rpseaerntnoicottiesnn c gcTt oiseosecntrhs,v n airoccelceolosag,ut yecn ldtoi untodg ssthotofetr waDgaiesrt esr,ei tcratv’bsilc eeintssf oafonrmrd m asteeiroevtnei nrsgsy,s sp, tAoemdsiotsib,v ewe, Mphaiicychr i omisnopcfllteu mOdefef inbcteua,t te iaotcrn.e a nnodt plrimogirteadm mtoi nvgid feoor Website Maintenance aRs becaecccpuokrrruedipstayesn n,a cetnestdc w.t hfiierthe cw Coahsltals pm taeasrisn o1tce8ina9at, enFdcl oewr, iuidtpahd Samttaeotsnu, itdteoosrc.i unTmgh eeasnnetd su epmrlvoaiiacndetssa, i inhniocnslgut idntehg e sa intDedi s pdteroirmcftoa’sri mnw arenebncseei wtaesa slcser,s ewsamteebedsn ititsne, Postage & Delivery T cohrer eDspisotnridcet nicnec, uertsc . charges for mailing of Board meeting agenda packages, overnight deliveries, Insurance The District’s general liability and public official’s liability insurance coverages. Copies ePnrivnetlionpge asn, edt cB.i nding agenda packages for board meetings, printing of computerized checks, stationary, Legal Advertising Ta hnee wDissptaripcet ri so rf egqeunierreadl tcoir acduvlaetriotinse. various notices for monthly Board meetings, public hearings, etc. in BCoanntki ncgheanrcgye s and any other miscellaneous expenses incurred during the year. Office Supplies lA anbye lssu, pppaplieers cthliapts m, eatcy. need to be purchased during the fiscal year, e.g., paper, minute books, file folders, 3 Cypress Ridge Community Development District General Fund Budget Dues, Licenses & Subscriptions The District is required to pay an annual fee to the Florida Department $175. This is the only expense under this category for the District. of Economic Opportunity for Operations & Maintenance: Field Expenses Property Insurance sTpheec iDaliisztersic itn’s p rporvoipdeinrtgy i nisnusruarnacnec ec ocvoevraegraeg teo giso vperronvmideendta lb ayg eFnlcoireisd.a Insurance Alliance (FIA). FIA General Field Contingency fRieelpdr ecasetengtos rfyu.n ds allocated to expenses that the District could incur throughout the fiscal year for any Amenity Expenses Amenity Access Managment Represents the cost of managing and monitoring access to the District’s amenity facilities. 4