Adopted Budget	
Fiscal Year 2024	

Botaniko	
Community Development District	

August 2, 2023

Botaniko	
Community Development District	

General Fund

FY2023	
Adopted	
	Budget		

Actual	
thru	
	6/30/2023		

Projected	
Next	
	3 Months		

Total	
Projected at	
	9/30/2023		

FY2024	
Adopted	
	Budget		

 Description	

Revenues	
Maintenance Assessments	
Interest Income	

$75,000	
$0	

$76,384	
$2	

$0	
$0	

$76,384	
$2	

$75,000	
$0	

Total Revenues		$75,000 		$76,386 		$0 		$76,386 		$75,000 

Expenditures

Administrative

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

$5,000	
$550	
$2,500	
$400	
$15,000	
$4,400	
$5,000	
$20,600	
$150	
$500	
$1,000	
$6,000	
$3,500	
$5,125	
$3,450	
$1,500	
$150	
$175	

$546	
$550	
$1,875	
$400	
$5,678	
$4,400	
$4,041	
$15,450	
$0	
$49	
$54	
$5,563	
$89	
$1,012	
$726	
$1,125	
$0	
$175	

$2,500	
$0	
$625	
$0	
$2,839	
$0	
$4,041	
$5,150	
$100	
$75	
$500	
$0	
$1,250	
$1,012	
$726	
$1,125	
$75	
$0	

$3,046	
$550	
$2,500	
$400	
$8,517	
$4,400	
$8,081	
$20,600	
$100	
$124	
$554	
$5,563	
$1,339	
$2,024	
$1,453	
$2,250	
$75	
$175	

$5,000	
$550	
$2,500	
$400	
$15,000	
$4,400	
$5,000	
$21,630	
$150	
$500	
$1,000	
$6,000	
$3,500	
$1,500	
$5,970	
$1,575	
$150	
$175	

Total Expenditures		$75,000 			$41,733 		$20,018 			$61,751 			$75,000 	
Assigned Fund Balance		$0 			$34,653 		($20,018)			$14,635 			$0 

FY2024	

# Units	
Net Assessments per Unit	
Gross Assessments per Unit	
Total Gross Assessments	
Less 6% Discout/collection fees	
Total Net Assessments	

125	
$600	
$638	
$79,787	
    ($4,787)	
$75,000	

Page 1

Botaniko
Community Development District	General Fund

REVENUES:

Maintenance Assessments

The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay the operating expenses for the Fiscal Year in accordance with the adopted budget. The proposed assessment for Operations and Maintenance is $600 per unit.

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 fee charged by Broward County Tax Collector to utility the county roll for CDD assessments.

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.

Telephone

This item includes telephone and fax service.

Botaniko
Community Development District	General Fund

Administrative: (continued)

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 Compliance

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.

Botaniko	
Community Development District	

 	
Debt Service Fund	
Series 2020 Special Assessment Bond	

FY2023	
Adopted	
	Budget		

Actual	
thru	
	6/30/2023		

Projected	
Next	
	3 Months		

Total	
Projected at	
	9/30/2023		

FY2024	
Adopted	
	Budget		

 Description	

Revenues	
Interest Income	
Special Assessments	
Carry Forward Surplus (1)	

$500	
$429,337	
$140,421	

$9,494	
$446,472	
$173,698	

$500	
$0	
$0	

$9,994	
$446,472	
$173,698	

$0	
$429,337	
$199,039	

Total Revenues		$570,258 		$629,664 		$500 		$630,164 		$628,376 

Expenditures

Series 2020	
Interest 11/01	
Interest 05/01	
Principal 05/01	
Total Expenditures	

$135,563	
$135,563	
$160,000	

$135,563	
$135,563	
$160,000	

$0	
$0	
$0	

$135,563	
$135,563	
$160,000	

$133,263	
$133,263	
$165,000	

	$431,125 			$431,125 			$0 			$431,125 			$431,525 	
	$139,133 			$198,539 			$500 			$199,039 			$196,851 	

EXCESS REVENUES

(1) Carry forward is net of Reserve Fund requirement.	11/1/24 Interest	$	130,891

# Units	
Net Assessments per Unit	
Gross Assessments per Unit	
Total Gross Assessments	
Less 6% Discout/collection fees	
Total Net Assessments	

79	
$5,435	
$5,782	
$456,742	
    ($27,405)	
$429,337	

FY2024

Botaniko	
Community Development District	

 	
Series 2020 Special Assessment Bond	
Amortization Schedule	

PRINCIPAL	
	BALANCE		

	DATE			INTEREST			PRINCIPAL			TOTAL	

1-Nov-23	$7,175,000.00	$133,262.50	$0.00	
1-May-24	$7,175,000.00	$133,262.50	$165,000.00	$431,525.00	
1-Nov-24	$7,010,000.00	$130,890.63	$0.00	
1-May-25	$7,010,000.00	$130,890.63	$170,000.00	$431,781.26	
1-Nov-25	$6,840,000.00	$128,446.88	$0.00	
1-May-26	$6,840,000.00	$128,446.88	$175,000.00	$431,893.76	
1-Nov-26	$6,665,000.00	$125,603.13	$0.00	
1-May-27	$6,665,000.00	$125,603.13	$180,000.00	$431,206.26	
1-Nov-27	$6,485,000.00	$122,678.13	$0.00	
1-May-28	$6,485,000.00	$122,678.13	$185,000.00	$430,356.26	
1-Nov-28	$6,300,000.00	$119,671.88	$0.00	
1-May-29	$6,300,000.00	$119,671.88	$190,000.00	$429,343.76	
1-Nov-29	$6,110,000.00	$116,584.38	$0.00	
1-May-30	$6,110,000.00	$116,584.38	$195,000.00	$428,168.76	
1-Nov-30	$5,915,000.00	$113,415.63	$0.00	
1-May-31	$5,915,000.00	$113,415.63	$205,000.00	$431,831.26	
1-Nov-31	$5,710,000.00	$110,084.38	$0.00	
1-May-32	$5,710,000.00	$110,084.38	$210,000.00	$430,168.76	
1-Nov-32	$5,500,000.00	$106,278.13	$0.00	
1-May-33	$5,500,000.00	$106,278.13	$220,000.00	$432,556.26	
1-Nov-33	$5,280,000.00	$102,290.63	$0.00	
1-May-34	$5,280,000.00	$102,290.63	$225,000.00	$429,581.26	
1-Nov-34	$5,055,000.00	$98,212.50	$0.00	
1-May-35	$5,055,000.00	$98,212.50	$235,000.00	$431,425.00	
1-Nov-35	$4,820,000.00	$93,953.13	$0.00	
1-May-36	$4,820,000.00	$93,953.13	$245,000.00	$432,906.26	
1-Nov-36	$4,575,000.00	$89,512.50	$0.00	
1-May-37	$4,575,000.00	$89,512.50	$250,000.00	$429,025.00	
1-Nov-37	$4,325,000.00	$84,981.25	$0.00	
1-May-38	$4,325,000.00	$84,981.25	$260,000.00	$429,962.50	
1-Nov-38	$4,065,000.00	$80,268.75	$0.00	
1-May-39	$4,065,000.00	$80,268.75	$270,000.00	$430,537.50	
1-Nov-39	$3,795,000.00	$75,375.00	$0.00	
1-May-40	$3,795,000.00	$75,375.00	$280,000.00	$430,750.00	
1-Nov-40	$3,515,000.00	$70,300.00	$0.00	
1-May-41	$3,515,000.00	$70,300.00	$290,000.00	$430,600.00	
1-Nov-41	$3,225,000.00	$64,500.00	$0.00	
1-May-42	$3,225,000.00	$64,500.00	$305,000.00	$434,000.00	
1-Nov-42	$2,920,000.00	$58,400.00	$0.00	
1-May-43	$2,920,000.00	$58,400.00	$315,000.00	$431,800.00	
1-Nov-43	$2,605,000.00	$52,100.00	$0.00	
1-May-44	$2,605,000.00	$52,100.00	$330,000.00	$434,200.00	
1-Nov-44	$2,275,000.00	$45,500.00	$0.00	
1-May-45	$2,275,000.00	$45,500.00	$345,000.00	$436,000.00	
1-Nov-45	$1,930,000.00	$38,600.00	$0.00	
1-May-46	$1,930,000.00	$38,600.00	$355,000.00	$432,200.00	
1-Nov-46	$1,575,000.00	$31,500.00	$0.00	
1-May-47	$1,575,000.00	$31,500.00	$370,000.00	$433,000.00	
1-Nov-47	$1,205,000.00	$24,100.00	$0.00	
1-May-48	$1,205,000.00	$24,100.00	$385,000.00	$433,200.00	
1-Nov-48	$820,000.00	$16,400.00	$0.00	
1-May-49	$820,000.00	$16,400.00	$400,000.00	$432,800.00	
1-Nov-49	$420,000.00	$8,400.00	$0.00	
1-May-50	$420,000.00		$8,400.00		$420,000.00		$436,800.00	
	$4,753,743.86		$7,335,000.00		$12,088,743.86