Botaniko	
Community Development District	

Approved Proposed Budget	
FY 2025	

Table of Contents

1	General Fund

2-3	Narratives

4-5	Debt Service Fund Series 2020

6	Assessment Schedule

Botaniko	
Community Development District	
Approved Proposed Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed
Budget	
Description	FY2024	1/31/24	8 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments - On Roll	$	75,000	$44,208	$30,224	$74,432	$75,000	
Interest income	-	92	-	92	-	

TOTAL REVENUES	$75,000	$44,300	$30,224	$74,524	$75,000	

EXPENDITURES:

Administrative						
Engineering	$5,000	$463	$4,200	$4,663	$5,000	
Attorney	15,000	3,148	7,240	10,388	15,000	
Annual Audit	4,400	4,500	-	4,500	4,600	
Assessment Administration	400	-	400	400	400	
Arbitrage Rebate	550	-	550	550	550	
Dissemination Agent	2,500	833	1,667	2,500	2,500	
Trustee Fees	5,000	-	4,041	4,041	4,041	
Management Fees	21,630	7,210	14,420	21,630	23,793	
Property Appraiser	-	1,157	-	1,157	1,157	
Website Maintenance/IT	1,575	525	1,050	1,575	1,733	
Telephone	150	-	150	150	150	
Postage & Delivery	500	6	150	156	400	
Insurance General Liability	6,000	5,786	-	5,786	6,000	
Printing & Binding	1,000	6	150	156	700	
Legal Advertising	3,500	432	500	932	2,500	
Other Current Charges	1,500	541	859	1,400	1,500	
Office Supplies	150	-	50	50	149	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Contingency	5,970	-	2,500	2,500	4,653	

TOTAL ADMINISTRATIVE	$75,000	$24,782	$37,927	$62,709	$75,000	

TOTAL EXPENDITURES	$75,000	$24,782	$37,927	$62,709	$75,000	

EXCESS REVENUES (EXPENDITURES)	$-	$19,518	$(7,703)	$11,815	$	-	

Botaniko	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

REVENUES	

Special Assessments-Tax Roll	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.	

Expenditures - Administrative	

Engineering	
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.	
Attorney	
The District’s Attorney, will be providing general legal services to the District, i.e., 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 to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Assessment Administration	
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
Arbitrage Rebate	
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.	
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.	
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. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Website Maintenance	
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.	
Communication - Telephone	
New internet and Wi-Fi service for Office.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Insurance General Liability	
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.	

Botaniko	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

Expenditures - Administrative (continued)	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Department of Economic Opportunity Community Affairs for $175.	
Contingency	
A contingency for any unanticipated and unscheduled cost to the District.	

Botaniko	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2020 Special Assessment Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed
Budget	
Description	FY2024	1/31/24	8 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments-On Roll	$429,337	$176,916	$255,955	$432,871	$429,337	
Interest Earnings	-	5,851	8,800	14,651	5,000	
Carry Forward Surplus (1)	199,039	209,738	-	209,738	225,735	

TOTAL REVENUES	$628,376	$392,505	$264,755	$657,260	$660,072	

EXPENDITURES:

Interest 11/01	$133,263	$133,263	$-	$133,263	$130,891	
Interest 05/01	133,263	-	133,263	133,263	130,891	
Principal 05/01	165,000	-	165,000	165,000	170,000	

TOTAL EXPENDITURES	$431,525	$133,263	$298,263	$431,525	$431,781	

TOTAL EXPENDITURES	$431,525	$133,263	$298,263	$431,525	$431,781	

EXCESS REVENUES (EXPENDITURES)	$196,851	$259,243	$(33,508)	$225,735	$228,291	

Interest Due 11/1/25	$128,447	
		$128,447 	

(1) Carry Forward is Net of Reserve Requirement

Botaniko	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2020 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/24	7,010,000	2.875%	-	130,891	130,891	
05/01/25	7,010,000	2.875%	170,000	130,891		
11/01/25	6,840,000	3.250%	-	128,447	429,338	
05/01/26	6,840,000	3.250%	175,000	128,447		
11/01/26	6,665,000	3.250%	-	125,603	429,050	
05/01/27	6,665,000	3.250%	180,000	125,603		
11/01/27	6,485,000	3.250%	-	122,678	428,281	
05/01/28	6,485,000	3.250%	185,000	122,678		
11/01/28	6,300,000	3.250%	-	119,672	427,350	
05/01/29	6,300,000	3.250%	190,000	119,672		
11/01/29	6,110,000	3.250%	-	116,584	426,256	
05/01/30	6,110,000	3.250%	195,000	116,584		
11/01/30	5,915,000	3.250%	-	113,416	425,000	
05/01/31	5,915,000	3.250%	205,000	113,416		
11/01/31	5,710,000	3.625%	-	110,084	428,500	
05/01/32	5,710,000	3.625%	210,000	110,084		
11/01/32	5,500,000	3.625%	-	106,278	426,363	
05/01/33	5,500,000	3.625%	220,000	106,278		
11/01/33	5,280,000	3.625%	-	102,291	428,569	
05/01/34	5,280,000	3.625%	225,000	102,291		
11/01/34	5,055,000	3.625%	-	98,213	425,503	
05/01/35	5,055,000	3.625%	235,000	98,213		
11/01/35	4,820,000	3.625%	-	93,953	427,166	
05/01/36	4,820,000	3.625%	245,000	93,953		
11/01/36	4,575,000	3.625%	-	89,513	428,466	
05/01/37	4,575,000	3.625%	250,000	89,513		
11/01/37	4,325,000	3.625%	-	84,981	424,494	
05/01/38	4,325,000	3.625%	260,000	84,981		
11/01/38	4,065,000	3.625%	-	80,269	425,250	
05/01/39	4,065,000	3.625%	270,000	80,269		
11/01/39	3,795,000	3.625%	-	75,375	425,644	
05/01/40	3,795,000	3.625%	280,000	75,375		
11/01/40	3,515,000	4.000%	-	70,300	425,675	
05/01/41	3,515,000	4.000%	290,000	70,300		
11/01/41	3,225,000	4.000%	-	64,500	424,800	
05/01/42	3,225,000	4.000%	305,000	64,500		
11/01/42	2,920,000	4.000%	-	58,400	427,900	
05/01/43	2,920,000	4.000%	315,000	58,400		
11/01/43	2,605,000	4.000%	-	52,100	425,500	
05/01/44	2,605,000	4.000%	330,000	52,100		
11/01/44	2,275,000	4.000%	-	45,500	427,600	
05/01/45	2,275,000	4.000%	345,000	45,500		
11/01/45	1,930,000	4.000%	-	38,600	429,100	
05/01/46	1,930,000	4.000%	355,000	38,600		
11/01/46	1,575,000	4.000%	-	31,500	425,100	
05/01/47	1,575,000	4.000%	370,000	31,500		
11/01/47	1,205,000	4.000%	-	24,100	425,600	
05/01/48	1,205,000	4.000%	385,000	24,100		
11/01/48	820,000	4.000%	-	16,400	425,500	
05/01/49	820,000	4.000%	400,000	16,400		
11/01/49	420,000	4.000%		8,400	424,800	
05/01/50	420,000	4.000%	420,000	8,400	428,400	

TOTAL	$7,010,000	$4,216,094	$11,226,094	

Botaniko	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2024-2025	

Neighborhood	
O&M Units	Bonds Units Series
2020	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	

Single Family	
125	
79	
$638.30	
$638.30	
$0.00	
$5,781.54	
$5,781.54	
$0.00	
$6,419.84	
$6,419.84	
$0.00	
Total	125	79