Adopted Budget
Fiscal Year 2020 and 2021

Bent Creek Community Development District

December 3, 2020

Bent Creek
Community Development District

FY2020
 	Adopted Budget	

FY2021
    Adopted Budget 

Revenues

Developer Contributions/Assessment

$69,175

$69,175

Total Revenues

 	$69,175	

 	$69,175	

Expenditures

Administrative
Engineering Arbitrage Dissemination Agent
Assessment Roll Attorney
Annual Audit Trustee Fees Management Fees
Computer Time
Telephone Postage
Printing & Binding Insurance
Legal Advertising Other Current Charges Website Compliance Office Supplies
Dues-Annual Fee DEO

$5,000
$600
$2,500
$2,000
$14,000
$5,000
$4,000
$25,000
$600
$0
$800
$500
$5,000
$1,500
$1,000
$1,500
$0
$175

$5,000
$600
$2,500
$2,000
$14,000
$5,000
$4,000
$25,000
$600
$0
$800
$500
$5,000
$1,500
$1,000
$1,500
$0
$175

(1)
(1)
(1)

(1)
(1)

Total Expenditures

 	$69,175	

 	$69,175	

 Excess Revenues/Expenditures	

 	$0	

 	$0	

(1)

Expenses related to the Bonds.

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Prepared by GMS-SF, LLC

Bent Creek
Community Development District
GENERAL FUND BUDGET

REVENUES:

Developer Contributions/Assessments

The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all of the operating expenses for the Fiscal
Year in accordance with the adopted budget.

EXPENDITURES:

Administrative:

Engineering Fees

The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board
meetings, review invoices, etc.

Dissemination Agent

The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting
requirements for un-rated bond issues.

Arbitrage

The District is required to have an annual arbitrage rebate calculation on the District’s Bonds. The District will contract with an independent
auditing firm to perform the calculations.

Assessment Roll

Represents cost associated with annually levying and collection Non-Ad Valorem Assessments utilized to fund the operating and debt service
cost of the District.

Attorney Fees

The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review
operating & maintenance contracts, etc.

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Trustee Fees

The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental
Management Services – South Florida, LLC.

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Bent Creek
Community Development District
GENERAL FUND BUDGET

Administrative: (continued)

Computer Time

The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by
Governmental Management Services – South Florida, LLC.

Telephone

Telephone and fax machine

Postage

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

Insurance

The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance
coverage to governmental agencies. The amount is based upon similar Community Development Districts.

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 that incurred during the year.

Website Administration

Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful
websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.

Office Supplies

Miscellaneous office supplies

Dues, Licenses & Subscriptions

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

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