Lawson Dunes
Community Development District

Adopted Budget
FY2023

6M3

Table of Contents

1

2-4

5

6

General Fund

General Fund Narrative

Debt Service Fund Series 2022

Amortization Schedule Series 2022

Lawson Dunes
Community Development District Adopted Budget
General Fund

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

Revenues						
Developer Contributions	$	100,698	$	60,000	$	20,000	$	80,000	$	223,800	
Total Revenues	$	100,698	$	60,000	$	20,000	$	80,000	$	223,800	
Expenditures						
General & Administrative
Supervisor Fees	
$	8,000	
$	3,000	
$	3,000	
$	6,000	
$	12,000	
Engineering	$	10,000	$	200	$	3,750	$	3,950	$	15,000	
Attorney	$	16,667	$	9,329	$	6,250	$	15,579	$	25,000	
Annual Audit	$	4,000	$	-	$	-	$	-	$	4,000	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	5,000	
Arbitrage	$	450	$	-	$	-	$	-	$	450	
Dissemination	$	3,333	$	-	$	1,250	$	1,250	$	5,000	
Trustee Fees	$	3,600	$	-	$	-	$	-	$	4,050	
Management Fees	$	23,333	$	14,583	$	8,750	$	23,333	$	35,000	
Information Technology	$	1,200	$	750	$	450	$	1,200	$	1,800	
Website Maintenance **	$	2,550	$	2,250	$	300	$	2,550	$	1,200	
Telephone	$	200	$	-	$	-	$	-	$	-	
Postage & Delivery	$	667	$	41	$	250	$	291	$	1,000	
Insurance	$	5,000	$	3,315	$	-	$	3,315	$	5,000	
Copies	$	667	$	72	$	250	$	322	$	1,000	
Legal Advertising	$	10,000	$	11,602	$	3,000	$	14,602	$	15,000	
Other Current Charges	$	5,000	$	-	$	1,875	$	1,875	$	5,000	
Office Supplies	$	417	$	51	$	156	$	208	$	625	
Travel Per Diem	$	440	$	-	$	-	$	-	$	-	
Dues, Licenses & Subscriptions	$	175	$	125	$	-	$	125	$	175	
Subtotal General & Administrative	$	100,698	$	45,319	$	29,281	$	74,600	$	136,300	
Operations & Maintenance						
Field Expenditures						
Field Management	$	-	$	-	$	-	$	-	$	7,500	
Landscape Maintenance	$	-	$	-	$	-	$	-	$	25,000	
Field Contingency	$	-	$	-	$	-	$	-	$	10,000	
Subtotal Field Expenditures	$	-	$	-	$	-	$	-	$	42,500	
Amenity Expenditures
Playground Lease	
$	-	
$	-	
$	-	
$	-	
$	20,000	
Amenity Contingency	$	-	$	-	$	-	$	-	$	25,000	
Subtotal Amenity Expenditures	$	-	$	-	$	-	$	-	$	45,000	
						
Total Expenditures	$	100,698	$	45,319	$	29,281	$	74,600	$	223,800	
						
Excess Revenues/(Expenditures)	$	-	$	14,681	$	(9,281)	$	5,400	$	-	

*FY22 Budget is prorated from February 2022 to September 2022
** FY22 Budget amount includes a one-time website creation fee.

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:

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 an anticipated bond issuance.

Trustee Fees

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

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.

Copies

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 expenditures 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 expenditure under this category for the District.

Operations & Maintenance:

Field Management

Represents the estimated costs of onsite field management of contracts for the District such as landscape and lake maintenance. Services to 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.

Field 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:

Playground Lease

The District will enter into a leasing agreement for playgrounds installed in the community.

Amenity Contingency

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

Adopted Budget
Debt Service Fund Series 2022

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

Revenues		
Assessments	$	-	$	-	$	-	$	-	$	779,116	
Carryforward Surplus	$	-	$	-	$	-	$	-	$	224,311	
Total Revenues	$	-	$	-	$	-	$	-	$  1,003,427	

Expenditures		
Interest - 11/1	$	-	$	-	$	-	$	-	$	224,311	
Principal - 5/1	$	-	$	-	$	-	$	-	$	185,000	
Interest - 5/1	$	-	$	-	$	-	$	-	$	299,081	
Total Expenditures	$	-	$	-	$	-	$	-	$	708,392	
		
Excess Revenues/(Expenditures)	$	-	$	-	$	-	$	-	$	295,034	
Other Financing Sources (Uses)				
Bond Proceeds	$	-	$	1,003,427	$	-	$	1,003,427	$	-	
Total Other Financing Sources (Uses)	$	-	$	1,003,427	$	-	$	1,003,427	$	-	
				
Net Change in Fund Balance	$	-	$  1,003,427	$	-	$  1,003,427	$	295,034	
		
Interest Payment 11/1/23	
$	295,034	

Special Assessment Bonds Series 2022 Amortization Schedule

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/22	$	12,000,000.00	$	
05/01/23	$	12,000,000.00	$	185	
11/01/23	$	11,815,000.00	$	
05/01/24	$	11,815,000.00	$	190	
11/01/24	$	11,625,000.00	$	
05/01/25	$	11,625,000.00	$	200	
11/01/25	$	10,995,000.00	$	
05/01/26	$	10,995,000.00	$	210	
11/01/26	$	10,995,000.00	$	
05/01/27	$	10,995,000.00	$	220	
11/01/27	$	10,995,000.00	$	
05/01/28	$	10,995,000.00	$	230	
11/01/28	$	10,765,000.00	$	
05/01/29	$	10,765,000.00	$	240	
11/01/29	$	10,525,000.00	$	
05/01/30	$	10,525,000.00	$	250	
11/01/30	$	9,735,000.00	$	
05/01/31	$	9,735,000.00	$	265	
11/01/31	$	9,735,000.00	$	
05/01/32	$	9,735,000.00	$	275	
11/01/32	$	9,735,000.00	$	
05/01/33	$	9,735,000.00	$	290	
11/01/33	$	9,445,000.00	$	
05/01/34	$	9,445,000.00	$	305	
11/01/34	$	9,140,000.00	$	
05/01/35	$	9,140,000.00	$	320	
11/01/35	$	8,820,000.00	$	
05/01/36	$	8,820,000.00	$	335	
11/01/36	$	8,485,000.00	$	
05/01/37	$	8,485,000.00	$	355	
11/01/37	$	8,130,000.00	$	
05/01/38	$	8,130,000.00	$	370	
11/01/38	$	7,760,000.00	$	
05/01/39	$	7,760,000.00	$	390	
11/01/39	$	7,370,000.00	$	
05/01/40	$	7,370,000.00	$	410	
11/01/40	$	6,075,000.00	$	
05/01/41	$	6,075,000.00	$	430	
11/01/41	$	6,075,000.00	$	
05/01/42	$	6,075,000.00	$	455	
11/01/42	$	6,075,000.00	$	
05/01/43	$	6,075,000.00	$	480	
11/01/43	$	5,595,000.00	$	
05/01/44	$	5,595,000.00	$	500	
11/01/44	$	5,095,000.00	$	
05/01/45	$	5,095,000.00	$	530	
11/01/45	$	4,565,000.00	$	
05/01/46	$	4,565,000.00	$	555	
11/01/46	$	4,010,000.00	$	
05/01/47	$	4,010,000.00	$	585	
11/01/47	$	3,425,000.00	$	
05/01/48	$	3,425,000.00	$	615	
11/01/48	$	2,810,000.00	$	
05/01/49	$	2,810,000.00	$	650	
11/01/49	$	2,160,000.00	$	
05/01/50	$	2,160,000.00	$	685	
11/01/50	$	1,475,000.00	$	
05/01/51	$	1,475,000.00	$	720	
11/01/51	$	755,000.00	$	
05/01/52	$	755,000.00	$	755	

$	224,310.94	$	224,310.94	
$	299,081.25	$	-	
$	295,034.38	$	779,115.63	
$	295,034.38	$	-	
$	290,878.13	$	775,912.50	
$	290,878.13	$	-	
$	286,503.13	$	777,381.25	
$	286,503.13	$	-	
$	281,909.38	$	778,412.50	
$	281,909.38	$	-	
$	277,096.88	$	779,006.25	
$	277,096.88	$	-	
$	271,634.38	$	778,731.25	
$	271,634.38	$	-	
$	265,934.38	$	777,568.75	
$	265,934.38	$	-	
$	259,996.88	$	775,931.25	
$	259,996.88	$	-	
$	253,703.13	$	778,700.00	
$	253,703.13	$	-	
$	247,171.88	$	775,875.00	
$	247,171.88	$	-	
$	239,921.88	$	777,093.75	
$	239,921.88	$	-	
$	232,296.88	$	777,218.75	
$	232,296.88	$	-	
$	224,296.88	$	776,593.75	
$	224,296.88	$	-	
$	215,921.88	$	775,218.75	
$	215,921.88	$	-	
$	207,046.88	$	777,968.75	
$	207,046.88	$	-	
$	197,796.88	$	774,843.75	
$	197,796.88	$	-	
$	188,046.88	$	775,843.75	
$	188,046.88	$	-	
$	177,796.88	$	775,843.75	
$	177,796.88	$	-	
$	167,046.88	$	774,843.75	
$	167,046.88	$	-	
$	155,671.88	$	777,718.75	
$	155,671.88	$	-	
$	143,371.88	$	779,043.75	
$	143,371.88	$	-	
$	130,559.38	$	773,931.25	
$	130,559.38	$	-	
$	116,978.13	$	777,537.50	
$	116,978.13	$	-	
$	102,756.25	$	774,734.38	
$	102,756.25	$	-	
$	87,765.63	$	775,521.88	
$	87,765.63	$	-	
$	72,006.25	$	774,771.88	
$	72,006.25	$	-	
$	55,350.00	$	777,356.25	
$	55,350.00	$	-	
$	37,796.88	$	778,146.88	
$	37,796.88	$	-	
$	19,346.88	$	777,143.75	
$	19,346.88	$	774,346.88	

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$	12,000,000.00  $	11,526,667.19  $	23,526,667.19