Adopted Budget
Fiscal Year 2022

Botaniko
Community Development District

September 1, 2021

Botaniko
Community Development District

General Fund

FY2021
Adopted
 	Budget	

Actual thru
    7/31/2021 

Projected Next
    2 Months 

Total Projected at
    9/30/2021 

FY2022
Adopted
 	Budget	

 Description	

Revenues

Maintenance Assessments Developer Contributions Interest Income

$75,000
$0
$0

$77,536
$1,644
$7

$0
$0
$0

$77,536
$1,644
$7

$75,000
$0
$0

Total Revenues

 	$75,000 

 	$79,187 

 	$0 

 	$79,187 

 	$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
$600
$2,500
$0
$15,000
$6,000
$5,000
$20,000
$150
$500
$1,000
$6,000
$3,500
$5,125
$2,800
$1,500
$150
$175

$1,720
$550
$2,083
$1,400
$6,770
$4,500
$4,041
$16,667
$0
$45
$1
$5,000
$696
$281
$728
$1,250
$0
$175

$2,500
$0
$417
$0
$2,257
$0
$0
$3,333
$100
$150
$250
$0
$500
$1,200
$100
$250
$0
$0

$4,220
$550
$2,500
$1,400
$9,027
$4,500
$4,041
$20,000
$100
$195
$251
$5,000
$1,196
$1,481
$828
$1,500
$0
$175

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

Total Expenditures

 	$75,000 

 	$45,907 

 	$11,057 

 	$56,964 

 	$75,000 

Assigned Fund Balance

 	$0 

 	$33,280 

 	($11,057)

 	$22,223 

 	$0 

FY2022

Page 1

# 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

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.

Page 2

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.

Page 3

Botaniko
Community Development District

Debt Service Fund
Series 2020 Special Assessment Bond

FY2021
Adopted
 	Budget	

Actual thru
    7/31/2021 

Projected Next
    2 Months 

Total Projected at
    9/30/2021 

FY2022
Adopted
 	Budget	

 Description	

Revenues

Interest Income Special Assessments
Carry Forward Surplus (1)

$500
$429,337
$140,421

$16
$453,258
$140,403

$0
$0
$0

$16
$453,258
$140,403

$500
$429,337
$163,783

Total Revenues

 	$570,258 

 	$593,677 

 	$0 

 	$593,677 

 	$593,621 

Expenditures

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

$139,947
$139,947
$150,000

$139,947
$139,947
$150,000

$0
$0
$0

$139,947
$139,947
$150,000

$137,791
$137,791
$155,000

Total Expenditures

 	$429,894 

 	$429,894 

 	$0 

 	$429,894 

 	$430,581 

EXCESS REVENUES

 	$140,364 

 	$163,783 

 	$0 

 	$163,783 

 	$163,039 

(1) Carry forward is net of Reserve Fund requirement.

11/1/22 Interest

$	135,563

FY2022

Page 4

# 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

Botaniko
Community Development District

Series 2020 Special Assessment Bond
Amortization Schedule

PRINCIPAL
 	BALANCE	

 	DATE	

 	INTEREST	

 	PRINCIPAL	

 	TOTAL	

1-May-20
1-Nov-20
1-May-21

$7,640,000.00
$7,640,000.00
$7,640,000.00

$59,866.16
$139,946.88
$139,946.88

$59,866.16

$0.00
$150,000.00

$429,893.76

1-Nov-22
1-May-23
1-Nov-23
1-May-24
1-Nov-24
1-May-25
1-Nov-25
1-May-26
1-Nov-26
1-May-27
1-Nov-27
1-May-28
1-Nov-28
1-May-29
1-Nov-29
1-May-30
1-Nov-30
1-May-31
1-Nov-31
1-May-32
1-Nov-32
1-May-33
1-Nov-33
1-May-34
1-Nov-34
1-May-35
1-Nov-35
1-May-36
1-Nov-36
1-May-37
1-Nov-37
1-May-38
1-Nov-38
1-May-39
1-Nov-39
1-May-40
1-Nov-40
1-May-41
1-Nov-41
1-May-42
1-Nov-42
1-May-43
1-Nov-43
1-May-44
1-Nov-44
1-May-45
1-Nov-45
1-May-46
1-Nov-46
1-May-47
1-Nov-47
1-May-48
1-Nov-48
1-May-49
1-Nov-49
1-May-50

$7,335,000.00
$7,335,000.00
$7,175,000.00
$7,175,000.00
$7,010,000.00
$7,010,000.00
$6,840,000.00
$6,840,000.00
$6,665,000.00
$6,665,000.00
$6,485,000.00
$6,485,000.00
$6,300,000.00
$6,300,000.00
$6,110,000.00
$6,110,000.00
$5,915,000.00
$5,915,000.00
$5,710,000.00
$5,710,000.00
$5,500,000.00
$5,500,000.00
$5,280,000.00
$5,280,000.00
$5,055,000.00
$5,055,000.00
$4,820,000.00
$4,820,000.00
$4,575,000.00
$4,575,000.00
$4,325,000.00
$4,325,000.00
$4,065,000.00
$4,065,000.00
$3,795,000.00
$3,795,000.00
$3,515,000.00
$3,515,000.00
$3,225,000.00
$3,225,000.00
$2,920,000.00
$2,920,000.00
$2,605,000.00
$2,605,000.00
$2,275,000.00
$2,275,000.00
$1,930,000.00
$1,930,000.00
$1,575,000.00
$1,575,000.00
$1,205,000.00
$1,205,000.00
$820,000.00
$820,000.00
$420,000.00
$420,000.00

$135,562.50
$135,562.50
$133,262.50
$133,262.50
$130,890.63
$130,890.63
$128,446.88
$128,446.88
$125,603.13
$125,603.13
$122,678.13
$122,678.13
$119,671.88
$119,671.88
$116,584.38
$116,584.38
$113,415.63
$113,415.63
$110,084.38
$110,084.38
$106,278.13
$106,278.13
$102,290.63
$102,290.63
$98,212.50
$98,212.50
$93,953.13
$93,953.13
$89,512.50
$89,512.50
$84,981.25
$84,981.25
$80,268.75
$80,268.75
$75,375.00
$75,375.00
$70,300.00
$70,300.00
$64,500.00
$64,500.00
$58,400.00
$58,400.00
$52,100.00
$52,100.00
$45,500.00
$45,500.00
$38,600.00
$38,600.00
$31,500.00
$31,500.00
$24,100.00
$24,100.00
$16,400.00
$16,400.00
$8,400.00
$8,400.00

$0.00
$160,000.00
$0.00
$165,000.00
$0.00
$170,000.00
$0.00
$175,000.00
$0.00
$180,000.00
$0.00
$185,000.00
$0.00
$190,000.00
$0.00
$195,000.00
$0.00
$205,000.00
$0.00
$210,000.00
$0.00
$220,000.00
$0.00
$225,000.00
$0.00
$235,000.00
$0.00
$245,000.00
$0.00
$250,000.00
$0.00
$260,000.00
$0.00
$270,000.00
$0.00
$280,000.00
$0.00
$290,000.00
$0.00
$305,000.00
$0.00
$315,000.00
$0.00
$330,000.00
$0.00
$345,000.00
$0.00
$355,000.00
$0.00
$370,000.00
$0.00
$385,000.00
$0.00
$400,000.00
$0.00
$420,000.00

$431,125.00

$431,525.00

$431,781.26

$431,893.76

$431,206.26

$430,356.26

$429,343.76

$428,168.76

$431,831.26

$430,168.76

$432,556.26

$429,581.26

$431,425.00

$432,906.26

$429,025.00

$429,962.50

$430,537.50

$430,750.00

$430,600.00

$434,000.00

$431,800.00

$434,200.00

$436,000.00

$432,200.00

$433,000.00

$433,200.00

$432,800.00

$436,800.00

 	$5,369,085.04

 	$7,640,000.00

 	$13,009,085.04

Page 5

1-Nov-21	$7,490,000.00	$137,790.63	$0.00
1-May-22	$7,490,000.00	$137,790.63	$155,000.00	$430,581.26