Banyan Cay Community Development District

Proposed Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

PROPOSED BUDGET
BANYAN CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2020/2021
BUDGET	
O&M Assessments	0	
Developer Contribution	85,625	
Debt Assessments	0	
Interest Income	0	
		
TOTAL REVENUES	$	85,625	
		
EXPENDITURES		
Supervisor Fees	0	
Engineering/Inspections	8,000	
Management	24,000	
Legal	20,000	
Assessment Roll	5,000	
Audit Fees	3,500	
Arbitrage Rebate Fee	650	
Insurance	6,000	
Legal Advertisements	7,500	
Miscellaneous	2,000	
Postage	500	
Office Supplies	1,300	
Dues & Subscriptions	175	
Trustee Fees	4,000	
Continuing Disclosure Fee	1,000	
Website Management	2,000	
		
TOTAL EXPENDITURES	$	85,625	
		
REVENUES LESS EXPENDITURES	$	-	
		
Bond Payments	0	
		
BALANCE	$	-	
		
County Appraiser & Tax Collector Fee	0	
Discounts For Early Payments	0	
		
EXCESS/ (SHORTFALL)	$	-	

5/11/2020 11:57 AM	I

DETAILED PROPOSED BUDGET
BANYAN CAY COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2018/2019 ACTUAL	
FISCAL YEAR 2019/2020 BUDGET	
FISCAL YEAR 2020/2021 BUDGET	

COMMENTS	
O&M Assessments	0	0	0		
Developer Contribution	65,657	85,625	85,625	Developer Contribution	
Debt Assessments	0	0	0		
Interest Income	7	0	0		
					
TOTAL REVENUES	$	65,664	$	85,625	$	85,625		
					
EXPENDITURES					
Supervisor Fees	0	0	0		
Engineering/Inspections	9,940	8,000	8,000	No Change From 2019/2020 Budget	
Management	14,000	24,000	24,000	No Change From 2019/2020 Budget	
Legal	34,394	20,000	20,000	FY 19/20 Expenditures Through March 2020 Were $9,971	
Assessment Roll	0	5,000	5,000	Will Commence In Fiscal Year Following Issuing Of Bond	
Audit Fees	0	3,500	3,500	Will Commence In Fiscal Year Following Issuing Of Bond	
Arbitrage Rebate Fee	0	650	650	Will Commence In Fiscal Year Following Issuing Of Bond	
Insurance	2,096	6,000	6,000	Insurance Estimate	
Legal Advertisements	3,047	7,500	7,500	No Change From 2019/2020 Budget	
Miscellaneous	91	2,000	2,000	No Change From 2019/2020 Budget	
Postage	408	300	500	$200 Increase From 2019/2020 Budget	
Office Supplies	688	1,500	1,300	$200 Decrease From 2019/2020 Budget	
Dues & Subscriptions	125	175	175	Annual Fee Due Department Of Economic Opportunity	
Trustee Fees	0	4,000	4,000	Will Commence In Fiscal Year Following Issuing Of Bond	
Continuing Disclosure Fee	0	1,000	1,000	Will Commence In Fiscal Year Following Issuing Of Bond	
Website Management	875	2,000	2,000	No Change From 2019/2020 Budget	
					
TOTAL EXPENDITURES	$	65,664	$	85,625	$	85,625		
					
REVENUES LESS EXPENDITURES	$	-	$	-	$	-		
					
Bond Payments	0	0	0		
					
BALANCE	$	-	$	-	$	-		
					
County Appraiser & Tax Collector Fee	0	0	0		
Discounts For Early Payments	0	0	0		
					
EXCESS/ (SHORTFALL)	$	-	$	-	$	-		

5/11/2020 11:57 AM	II