ChampionsGate
Community Development District

Proposed Budget
FY 2021

Table of Contents

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8

 	General Fund

 	General Fund Narrative

 	Capital Projects Fund

CHAMPIONSGATE
Community Development District

REVENUES:

General Fund Budget Fiscal Year 2020

ADOPTED
BUDGET	ACTUAL
THRU	NEXT
5	PROJECTED
THRU	PROPOSED
BUDGET	
FY2020	04/30/20	MONTHS	9/30/20	FY2021	

Maintenance Assessments	$729,046	$706,354	$22,692	$729,046	$729,046	
Miscellaneous Revenue	$0	$4,912	$0	$4,912	$0	
TOTAL REVENUES	$729,046	$711,266	$22,692	$733,958	$729,046	

EXPENDITURES:						
Administrative:						
Supervisors Fees	$6,000	$1,400	$3,000	$4,400	$6,000	
FICA Expense	$459	$107	$230	$337	$459	
Engineering	$10,000	$6,688	$5,312	$12,000	$10,000	
Attorney	$22,500	$8,793	$11,207	$20,000	$22,500	
Annual Audit	$4,000	$4,000	$0	$4,000	$4,000	
Management Fees	$36,603	$21,352	$15,251	$36,603	$36,603	
Information Technology	$4,400	$1,867	$1,333	$3,200	$3,200	
Collection Agent	$5,000	$5,000	$0	$5,000	$5,000	
Telephone	$100	$17	$83	$100	$100	
Postage	$1,500	$491	$509	$1,000	$1,500	
Insurance	$11,500	$10,589	$0	$10,589	$11,700	
Printing & Binding	$1,000	$248	$352	$600	$1,000	
Legal Advertising	$1,500	$0	$1,500	$1,500	$1,500	
Other Current Charges	$250	$85	$65	$150	$250	
Property Appraiser Fees	$465	$323	$0	$323	$400	
Property Taxes	$50	$0	$0	$0	$50	
Office Supplies	$250	$81	$69	$150	$250	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
TOTAL ADMINISTRATIVE	$105,752	$61,216	$38,911	$100,127	$104,687	

Maintenance:						
Property Insurance	$22,000	$20,527	$0	$20,527	$22,600	
Landscape Maintenance Contract	$139,583	$81,257	$58,160	$139,416	$139,583	
Landscape Miscellaneous	$8,000	$1,073	$6,927	$8,000	$8,000	
Irrigation System/Maintenance	$20,000	$9,954	$10,046	$20,000	$20,000	
Lakes/Fountains	$13,200	$4,590	$3,850	$8,440	$13,200	
Lighting	$12,000	$1,414	$4,586	$6,000	$8,000	
Miscellaneous	$2,000	$5,996	$0	$5,996	$4,465	
Painting Public Areas	$600	$0	$300	$300	$600	
Traffic Signals	$10,000	$6,349	$3,651	$10,000	$10,000	
Sidewalks	$10,000	$0	$5,000	$5,000	$10,000	
Signage	$6,000	$750	$2,250	$3,000	$6,000	
Trash Removal	$4,000	$2,536	$185	$2,721	$4,500	
Electric	$50,000	$28,572	$21,428	$50,000	$52,000	
Water/Sewer	$1,000	$96	$74	$170	$500	
Security	$50,000	$24,759	$15,000	$39,759	$50,000	
Onsite Management	$147,600	$86,099	$61,499	$147,598	$147,600	
Mosquito Control	$7,600	$1,870	$3,740	$5,610	$7,600	
Transfer Out - Capital Reserve	$119,711	$119,711	$0	$119,711	$119,711	
TOTAL MAINTENANCE	$623,294	$395,552	$196,695	$592,247	$624,359	
						
TOTAL EXPENDITURES	$729,046	$456,767	$235,607	$692,374	$729,046	
						
EXCESS REVENUES (EXPENDITURES)	$0	$254,499	($212,915)	$41,584	$0	

REVENUES:

MAINTENANCE ASSESSMENT

The District will levy a Non-Ad Valorem assessment on all of the assessable property within the District in order to pay for the operating expenditures during the fiscal year.

EXPENDITURES:
ADMINISTRATIVE:

SUPERVISORS FEES

Chapter 190, Florida Statues, 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. Amount is based on 5 Supervisors attending 6 Board meetings during the fiscal year.

FICA EXPENSE

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

ENGINEERING

The District's Engineer, Hanson, Water & Associates, will be providing general engineering services to the District, e.g., attendance and preparation for the monthly Board meetings, review of invoices, 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 Attorney, Clark & Albaugh, LLP, will be providing general legal services to the District, e.g., attendance and preparation for monthly Board meetings, review of contracts, 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. The District has contracted with Grau & Associates for this service.

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, administrative services, budget preparation, all financial reporting, annual audits, etc.

INFORMATION TECHNOLOGY

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

COLLECTION AGENT

The District will contract to levy and administer the collection of a Non-Ad Valorem assessment on all assessable property within the District.

TELEPHONE

Telephone and fax machine.

POSTAGE

The District incurs charges for mailing Board meeting agenda packages, invoices to third parties, checks for vendors and other required correspondence.

INSURANCE

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

PRINTING & BINDING

The District incurs charges for printing and binding agenda packages for board meetings, printing of computerized checks, correspondence, stationary, etc.

LEGAL ADVERTISING

Advertising of monthly board meetings, public hearings, and any services that are required to be advertised for public bidding, i.e. audit services, engineering service, maintenance contracts and any other advertising that may be required. The District publishes all of its legal advertising in the Orlando Sentinel.

OTHER CURRENT CHARGES

Represents bank charges and any other miscellaneous charges that the District may incur during the fiscal year.

PROPERTY APPRAISER FEES

Represents a fee charged by Osceola County Property Appraiser’s office for assessment administration services.

PROPERTY TAXES

Represents the non-ad valorem assessment from Osceola County that will be charged to the District.

OFFICE SUPPLIES

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

DUES, LICENSES & SUBSCRIPTIONS

The District is required to pay an annual fee to the Department of Economic Opportunity for
$175.

MAINTENANCE:

PROPERTY INSURANCE

The District’s property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

LANDSCAPE MAINTENANCE CONTRACT

The District has contracted with Weber Environmental Services, Inc. to provide the monthly landscaping services which include turf care, shrubs/ground cover care, annuals, tree care, irrigation system, pressuring washing and litter removal.

Monthly	Annual
Description	Amount	Amount	
Landscape Maintenance Contract	$11,632
Total	$139,583	
	$139,583	

LANDSCAPE MISCELLANEOUS

This category will be used for the annual palm tree trimming as well as any miscellaneous landscape items not included under the landscape contract.

IRRIGATION SYSTEM/MAINTENANCE

Monthly inspection and repairs of irrigation system.

LAKES/FOUNTAINS

To record expenses for equipment, supplies, maintenance and contract services for fountains and lakes. The District has contracted The Lake Doctors, Inc. and Fountain Design Group, Inc.

Monthly	Annual
Description	Amount	Amount	
Lake Services	$470
Fountain Services	$150
Fountain Quarterly Services @ $250 Contingency
Total	$5,640
$1,800
$1,000
$4,760	
	$13,200	

LIGHTING

Repair and replacement of lighting fixtures throughout the property.

MISCELLANEOUS

To record the cost of any maintenance expenses not properly classified in any of the other accounts.

PAINTING PUBLIC AREAS

To record the cost of painting supplies and contact services for outside areas.

TRAFFIC SIGNALS

To record the cost to maintain all traffic signals per the Traffic Signal Contract.

SIDEWALKS

To record cost to maintain all sidewalks. SIGNAGE
To record cost to maintain all signs within the District boundaries

TRASH REMOVAL

To record the expenses related to trash and rubbish removal of miscellaneous items, dumpster contract service and hauling of miscellaneous items. The District has the following utility account with Waste Management.

Account#	
Address	Monthly
Amount	Annual
Amount	
4/70186-52000	8390 ChampionsGate Blvd. Ste.104	$365	$4,380	
	Contingency		$120	
Total			$4,500	

ELECTRIC

To record cost of electric for projects, such as street lighting, electric for irrigation wells and fountains. The District has the following utility accounts with Duke Energy.

Account#	
Address	Monthly
Amount	Annual
Amount	
02439 43580	8301 ChampionsGate Blvd Spkl D	$300	$3,600	
12018 72541	8399 ChampionsGate Blvd Spkl E	$675	$8,100	
13595 39424	81811 ChampionsGate Blvd Spkl A	$500	$6,000	
17640 52567	8390 ChampionsGate Blvd TFLT	$40	$480	
24422 35567	8397 ChampionsGate Blvd Spkl F	$150	$1,800	
52818 71551	0 Championsgate Blvd Spkl G	$200	$2,400	
55298 37013	1500 Berwick Dr Spkl	$85	$1,020	
69653 06401	8380 ChampionsGate Blvd Spkl C	$650	$7,800	
79651 93441	81801 ChampionsGate Blvd Spkl H Fountain	$1,500	$18,000	
98090 66401	8300 ChampionsGate Blvd TFLT	$40	$480	
	Contingency		$2,320	
Total			$52,000	

WATER/SEWER

To record the cost of running the fountains. The District has the following accounts with Toho Water Authority.

Account#	
Address	Monthly
Amount	Annual
Amount	
2587190-690100	100 ChampionsGate Blvd	$20	$240	
	Contingency		$260	
Total			$500	

SECURITY

To record the expenses for security, contract guard service provided by Osceola County Sheriff’s Office per an agreement with the District. Patrols will be done on Fridays, Saturdays and one other day of choice of the Sheriff’s Office during the fiscal year.

ONSITE MANAGEMENT

Personnel used to maintain the District property. The District has contracted with Rida Associates Limited Partnership.

Monthly	Annual
Description	Amount	Amount	
Onsite Management Services	$12,300
Total	$147,600	
	$147,600	

MOSQUITO CONTROL

Scheduled maintenance consists of mosquito spraying and larviciding along roadways and paths, and mosquito population monitoring in the form of landing rate counts and light traps. The District has contracted with Clarke Environmental Mosquito Management, Inc.

TRANSFER OUT - CAPITAL RESERVE

Funds transferred out to Capital Reserve for capital outlay expenses.

CHAMPIONSGATE
Community Development District

Capital Projects Fund Fiscal Year 2020

	ADOPTED
BUDGET	ACTUAL
THRU	NEXT
5	PROJECTED
THRU	PROPOSED
BUDGET	
	FY2020	4/30/20	MONTHS	9/30/20	FY2021	

REVENUES:						
Transfer In	$119,711	$119,711	$0	$119,711	$119,711	
Interest	$4,000	$7,953	$2,047	$10,000	$4,000	
TOTAL REVENUES	$123,711	$127,664	$2,047	$129,711	$123,711	

EXPENDITURES:						
Capital Projects - Other	$100,000	$189,167	$200,396	$389,563	$100,000	
TOTAL EXPENDITURES	$100,000	$189,167	$200,396	$389,563	$100,000	
						
EXCESS REVENUES	$23,711	($61,503)	($198,349)	($259,852)	$23,711	
						
FUND BALANCE - BEGINNING	$256,874	$803,377	$0	$803,377	$543,525	
						
FUND BALANCE - ENDING	$280,585	$741,875	($198,349)	$543,525	$567,236	

FY20 Projected Expenses	Amount	

Sadler's Site Works, LLC
6' Wide Pedestrian Boarwalk	$127,075
Sidewalk & Curbing	$27,241
5' Sidewalk for ChampionsGate Blvd	$29,790
Sidewalk Repairs for Legends Blvd	$16,290	
Total	$200,396