Westside Haines City
Community Development District

Proposed Budget
FY2023

6M3

Table of Contents

1-2

3-7

8

9

10

General Fund

General Fund Narrative

Capital Reserve Fund

Series 2021 Debt Service Fund

Series 2021 Amortization Schedule

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	3/31/22	6 Months	9/30/22	FY2023	

Revenues						
Assessments - Direct Bill (Platted)	$	-	$	-	$	-	$	-	$	664,417	
Assessments - Direct Bill (Unplatted)	$	-	$	-	$	-	$	-	$	211,903	
Developer Contributions	$	131,810	$	40,000	$	60,000	$	100,000	$	-	
Boundary Amendment Contributions	$	-	$	4,694	$	57	$	4,751	$	-	
Total Revenues	$	131,810	$	44,694	$	60,057	$	104,751	$	876,320	

Expenditures						
General & Administrative
Supervisor Fees	
$	12,000	
$	2,800	
$	6,000	
$	8,800	
$	12,000	
Engineering	$	15,000	$	1,333	$	7,500	$	8,833	$	15,000	
Attorney	$	25,000	$	5,454	$	12,500	$	17,954	$	25,000	
Annual Audit	$	4,000	$	-	$	4,000	$	4,000	$	5,500	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	5,000	
Arbitrage	$	450	$	-	$	450	$	450	$	1,350	
Dissemination	$	5,000	$	-	$	-	$	-	$	7,000	
Trustee Fees	$	3,600	$	-	$	3,750	$	3,750	$	12,000	
Management Fees	$	35,000	$	17,500	$	17,500	$	35,000	$	36,750	
Information Technology	$	1,800	$	900	$	900	$	1,800	$	1,800	
Website Maintenance	$	1,200	$	600	$	600	$	1,200	$	1,200	
Telephone	$	300	$	-	$	150	$	150	$	300	
Postage & Delivery	$	1,000	$	18	$	500	$	518	$	1,000	
Insurance	$	5,000	$	5,000	$	-	$	5,000	$	5,625	
Printing & Binding	$	1,000	$	61	$	500	$	561	$	1,000	
Legal Advertising	$	10,000	$	1,624	$	5,000	$	6,624	$	10,000	
Other Current Charges	$	5,000	$	-	$	2,500	$	2,500	$	5,000	
Boundary Amendment Expenditures	$	-	$	4,751	$	-	$	4,751	$	-	
Office Supplies	$	625	$	8	$	313	$	321	$	625	
Travel Per Diem	$	660	$	-	$	-	$	-	$	660	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Subtotal General & Administrative	$	131,810	$	40,224	$	62,163	$	102,386	$	146,985	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	3/31/22	6 Months	9/30/22	FY2023	

Operations & Maintenance

Field Expenditures Property Insurance Field Management Landscape Maintenance Landscape Replacement Lake Maintenance Streetlights
Electric
Water & Sewer
Sidewalk & Asphalt Maintenance Irrigation Repairs
General Repairs & Maintenance Contingency

$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$

-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$

-	$	10,000
-	$	15,000
-	$	175,000
-	$	35,000
-	$	20,000
-	$	20,500
-	$	8,000
-	$	20,000
-	$	2,500
-	$	15,000
-	$	17,000
-	$	15,000

Subtotal Field Expenditures	$	-	$	-	$	-	$	-	$	353,000

Amenity Expenditures
Amenity Staff Amenity - Electric Amenity - Water Playground Lease
Fitness Equipment Lease
Internet Pest Control
Janitorial Service
Security Services Pool Maintenance
Amenity Repairs & Maintenance
Amenity Access Management Contingency

$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$

-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$

-	$	75,000
-	$	15,000
-	$	10,000
-	$	14,000
-	$	50,000
-	$	3,000
-	$	720
-	$	7,400
-	$	33,800
-	$	20,200
-	$	15,000
-	$	5,000
-	$	10,000

Subtotal Amenity Expenditures	$	-	$	-	$	-	$	-	$	259,120

Total Expenditures	$	131,810  $	40,224  $	62,163  $	102,386  $	759,105

Other Expenditures
Capital Reserve

$	-	$

-	$	-	$

-	$	117,215

Total Other Expenditures	$	-	$	-	$	-	$	-	$	117,215

Total Expenditures	$	131,810  $	40,224  $	62,163  $	102,386  $	876,320

Excess Revenues/(Expenditures)	$	-	$	4,470	$	(2,106)  $	2,365	$	-

Product	ERU's	Units	ERU/Unit	Net Assessment	Net Per Unit	Gross Per Unit	
Platted SF - Direct	671.00	671	1.00	$530,426.64	$790.50	$850.00	
Platted TH - Direct	169.50	226	0.75	$133,990.04	$592.88	$637.50	
Unplatted - Direct	268.06	1855	0.14	$211,903.32	$114.23	$122.83	
	1108.56	2752		$876,320.00			

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for operating expenditures during the fiscal year.

Expenditures:

General & 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.

Engineering

The District's engineer will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. 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.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on an anticipated bond issuance.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon anticipated bond issuances.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds with US Bank.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents costs with Governmental Management Services – Central Florida LLC related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.

Website Maintenance

Represents the costs with Governmental Management Services – Central Florida LLC associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages.

Printing & Binding

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

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

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

Travel Per Diem

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

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.

Operations & Maintenance:

Field Expenditures

Property Insurance

The District’s property insurance coverages.

Field Management

Represents the estimated costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. Services provided include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed.

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Lake Maintenance

Represents the estimated costs to maintain the lakes within the District’s boundaries.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

Represents estimated electric charges of common areas throughout the District.

Water & Sewer

Represents estimated costs for water and refuse services provided for common areas throughout the District.

Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

Irrigation Repairs

Represents the estimated cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Contingency

Represents funds allocated to expenditures that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenditures

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity facilities.

Playground Lease

Represents the estimated expenditure of the District entering a playground lease agreement.

Internet

Internet service estimated to be added for use at the Amenity Center.

Pest Control

The District will incur costs for pest control treatments to its amenity facilities.

Janitorial Services

Represents the estimated costs to provide janitorial services and supplies for the District’s amenity facilities.

Security Services

Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities.

Pool Maintenance

Represents the estimated costs of regular cleaning and treatments of the District’s pool.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Amenity Access Management

Represents the estimated cost of managing and monitoring access to the District’s amenity facilities

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Expenditures:

Capital Reserves

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.

Capital Reserve Fund

Proposed Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	3/31/22	6 Months	9/30/22	FY2023	

Revenues

Transfer In

$	-	$	-	$

-	$	-

$	117,215

Total Revenues	$	-	$	-	$	-	$	-	$	117,215

Expenditures

Capital Expenditures Miscellaneous

$	-	$	-	$
$	-	$	-	$

-	$	-	$	-
-	$	-	$	-

Total Expenditures	$	-	$	-	$	-	$	-	$	-

Net Change in Fund Balance	$	-	$	-	$	-	$	-	$	117,215

Series 2021 Debt Service Fund

Proposed Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	3/31/22	6 Months	9/30/22	FY2023	

Revenues

Assessments	$	-	$	-	$	349,256	$	349,256	$  1,097,950	
Interest Income	$	-	$	45	$	-	$	45	$	-	
Carry Forward Surplus	$	-	$	547,180	$	-	$	547,180	$	349,313	
Total Revenues	$	-	$	547,225	$	349,256	$	896,481	$ 1,447,263	

Expenditures					
Interest - 11/1	$	-	$	197,912	$	-	$	197,912	$	349,256	
Principal - 5/1	$	-	$	-	$	-	$	-	$	400,000	
Interest - 5/1	$	-	$	-	$	349,256	$	349,256	$	349,256	
Total Expenditures	$	-	$	197,912	$	349,256	$	547,168	$	1,098,513	
											
Net Change in Fund Balance	$	-	$	349,313	$	-	$	349,313	$	348,751	

Interest Expense 11/1	
$	
344,256	
Total	$	344,256	

Product

Maximum Annual	Net Assessment	Gross Assessment
Assessable Units	Debt Service	Per Unit	Per Unit

Townhome	226

$	192,100  $

850  $

914

Single Family 40'	434	$	585,900	$	1,350  $	1,452	
Single Family 50'	237	$	319,950	$	1,350  $	1,452	
	897	$	1,097,950			

Westside Haines City Community Development District Series 2021 Special Assessment Bonds Amortization Schedule

Date	Balance	Principal	Interest	Total

11/01/22	$	19,810,000.00	$	
05/01/23	$	19,810,000.00	$	400	
11/01/23	$	19,410,000.00	$	
05/01/24	$	19,410,000.00	$	410	
11/01/24	$	19,000,000.00	$	
05/01/25	$	19,000,000.00	$	425	
11/01/25	$	18,575,000.00	$	
05/01/26	$	18,575,000.00	$	435	
11/01/26	$	18,140,000.00	$	
05/01/27	$	18,140,000.00	$	445	
11/01/27	$	15,775,000.00	$	
05/01/28	$	17,695,000.00	$	460	
11/01/28	$	17,235,000.00	$	
05/01/29	$	17,235,000.00	$	475	
11/01/29	$	16,760,000.00	$	
05/01/30	$	16,760,000.00	$	485	
11/01/30	$	16,275,000.00	$	
05/01/31	$	16,275,000.00	$	500	
11/01/31	$	15,775,000.00	$	
05/01/32	$	15,775,000.00	$	520	
11/01/32	$	15,255,000.00	$	
05/01/33	$	15,255,000.00	$	535	
11/01/33	$	14,720,000.00	$	
05/01/34	$	14,720,000.00	$	555	
11/01/34	$	14,165,000.00	$	
05/01/35	$	14,165,000.00	$	570	
11/01/35	$	13,595,000.00	$	
05/01/36	$	13,595,000.00	$	590	
11/01/36	$	13,005,000.00	$	
05/01/37	$	13,005,000.00	$	610	
11/01/37	$	12,395,000.00	$	
05/01/38	$	12,395,000.00	$	630	
11/01/38	$	11,765,000.00	$	
05/01/39	$	11,765,000.00	$	650	
11/01/39	$	11,115,000.00	$	
05/01/40	$	11,115,000.00	$	670	
11/01/40	$	10,445,000.00	$	
05/01/41	$	10,445,000.00	$	695	
11/01/41	$	9,750,000.00	$	
05/01/42	$	9,750,000.00	$	720	
11/01/42	$	9,030,000.00	$	
05/01/43	$	9,030,000.00	$	750	
11/01/43	$	8,280,000.00	$	
05/01/44	$	8,280,000.00	$	780	
11/01/44	$	7,500,000.00	$	
05/01/45	$	7,500,000.00	$	810	
11/01/45	$	6,690,000.00	$	
05/01/46	$	6,690,000.00	$	845	
11/01/46	$	5,845,000.00	$	
05/01/47	$	5,845,000.00	$	880	
11/01/47	$	4,965,000.00	$	
05/01/48	$	4,965,000.00	$	915	
11/01/48	$	4,050,000.00	$	
05/01/49	$	4,050,000.00	$	955	
11/01/49	$	3,095,000.00	$	
05/01/50	$	3,095,000.00	$	990	
11/01/50	$	2,105,000.00	$	
05/01/51	$	2,105,000.00	$	1,030	
11/01/51	$	1,075,000.00	$	
05/01/52	$	1,075,000.00	$	1,075	

$	349,256.25	$	349,256.25	
$	349,256.25		
$	344,256.25	$	1,093,512.50	
$	344,256.25		
$	339,131.25	$	1,093,387.50	
$	339,131.25		
$	333,818.75	$	1,097,950.00	
$	333,818.75		
$	328,381.25	$	1,097,200.00	
$	328,381.25		
$	321,706.25	$	1,095,087.50	
$	321,706.25		
$	314,806.25	$	1,096,512.50	
$	314,806.25		
$	307,681.25	$	1,097,487.50	
$	307,681.25		
$	300,406.25	$	1,093,087.50	
$	300,406.25		
$	292,906.25	$	1,093,312.50	
$	292,906.25		
$	284,456.25	$	1,097,362.50	
$	284,456.25		
$	275,762.50	$	1,095,218.75	
$	275,762.50		
$	266,743.75	$	1,097,506.25	
$	266,743.75		
$	257,481.25	$	1,094,225.00	
$	257,481.25		
$	247,893.75	$	1,095,375.00	
$	247,893.75		
$	237,981.25	$	1,095,875.00	
$	237,981.25		
$	227,743.75	$	1,095,725.00	
$	227,743.75		
$	217,181.25	$	1,094,925.00	
$	217,181.25		
$	206,293.75	$	1,093,475.00	
$	206,293.75		
$	195,000.00	$	1,096,293.75	
$	195,000.00		
$	180,600.00	$	1,095,600.00	
$	180,600.00		
$	165,600.00	$	1,096,200.00	
$	165,600.00		
$	150,000.00	$	1,095,600.00	
$	150,000.00		
$	133,800.00	$	1,093,800.00	
$	133,800.00		
$	116,900.00	$	1,095,700.00	
$	116,900.00		
$	99,300.00	$	1,096,200.00	
$	99,300.00		
$	81,000.00	$	1,095,300.00	
$	81,000.00		
$	61,900.00	$	1,097,900.00	
$	61,900.00		
$	42,100.00	$	1,094,000.00	
$	42,100.00		
$	21,500.00	$	1,093,600.00	
$	21,500.00	$	1,096,500.00	

-
,000.00
-
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-
,000.00
-
,000.00
-
,000.00
-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
,000.00

$	19,810,000.00  $	13,403,175.00  $	33,213,175.00