Adopted Budget	
Fiscal Year 2023	

McJunkin at Parkland	
Community Development District	

June 9, 2022

McJunkin at Parkland	
Community Development District	

General Fund

FY2022	
Adopted	
 Budget 	

Actual	
thru	
 5/31/2022 	

Projected	
Next	
 4 Months 	

Total	
Projected at	
 9/30/2022 	

FY2023	
Adopted	
  Budget 	

 Description	

Revenues	
Maintenance Assessments	
Direct Assessments	

$40,850	
$45,600	

$41,309	
$22,800	

$0	
$22,800	

$41,309	
$45,600	

$86,450	
$0	

Total Revenues	 $86,450 	 $64,109 		$22,800 	 $86,909 		$86,450 

Expenditures	
Administrative	

Engineering Fees	
Dissemination Agent	
Arbitrage Rebate	
Assessment Roll	
Attorney Fees	
Annual Audit	
Trustee Fees	
Management Fees	
Telephone	
Postage	
Insurance	
Printing & Binding	
Legal Advertising	
Other Current Charges	
Website Admin	
Office Supplies	
Dues, Licenses & Subscriptions	

$10,000	
$2,500	
$600	
$2,000	
$20,000	
$5,000	
$4,500	
$28,000	
$50	
$500	
$5,638	
$1,250	
$3,500	
$500	
$2,137	
$100	
$175	

$660	
$1,667	
$550	
$2,400	
$3,537	
$4,300	
$4,041	
$18,667	
$0	
$139	
$5,570	
$64	
$0	
$258	
$1,425	
$18	
$175	

$3,333	
$833	
$0	
$0	
$2,500	
$0	
$0	
$9,333	
$25	
$50	
$0	
$100	
$1,167	
$242	
$712	
$50	
$0	

$3,993	
$2,500	
$550	
$2,400	
$6,037	
$4,300	
$4,041	
$28,000	
$25	
$189	
$5,570	
$164	
$1,167	
$500	
$2,137	
$68	
$175	

$10,000	
$2,500	
$600	
$2,000	
$20,000	
$5,000	
$4,500	
$28,840	
$50	
$500	
$6,300	
$1,250	
$1,998	
$500	
$2,137	
$100	
$175	

Total Administrative	 $86,450 		  $43,470 			$18,346 		  $61,816 			$86,450 	
Assigned Fund Balance		$0 		  $20,639 			$4,454 		  $25,093 			$0 	
									
FY2023	

ON ROLL ASSESSMENTS	
# Units	455	
Gross Assessments Per Unit	$202.13

Total Gross Assessments		$91,968 Less Discount/Commission fees			($5,518)
Total Net Assessments	$86,450	

Page 1

McJunkin at Parkland
Community Development District	General Fund Budget
	_	_	_	_	_

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 $190 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.

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.

Assessment Roll
The costs associated with preparing, processing and administering the annual assessment place on the County’s tax roll.

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 banks 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.

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

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

McJunkin at Parkland
Community Development District	General Fund Budget
	_	_	_	_	_

Administrative: (continued)

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.

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.

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.

McJunkin at Parkland	
Community Development District	

 	
Debt Service Fund	
Series 2018 Special Assessment Bond	

FY2022	
Adopted	
	Budget		

Actual	
thru	
 5/31/2022 	

Projected	
Next	
 4 Months 	

Total	
Projected at	
  9/30/2022 	

FY2023	
Adopted	
	Budget		

	Description	

Revenues	
Assessments - On Roll	
Assessments - Direct	
Interest Income	
Carry Forward Surplus (1)	

$386,989	
$431,988	
$0	
$504,711	

$391,330	
$161,639	
$41	
$548,109	

$0	
$270,349	
$21	
$0	

$391,330	
$431,988	
$62	
$548,109	

$818,977	
$0	
$0	
$557,613	

Total Revenues	 $1,323,688 	 $709,789 	 $270,369 	 $1,371,488 		$1,376,591 

Expenditures

Series 2018	
Interest 11/1	
Principal 11/1	
Interest 5/1	

$309,063	
$200,000	
$304,813	

$309,063	
$200,000	
$304,813	

$0	
$0	
$0	

$309,063	
$200,000	
$304,813	

$304,813	
$205,000	
$300,456	

Total Expenditures		$813,875 	 $813,875 		$0 		$813,875 		$810,269 

EXCESS REVENUES		$509,813 	 ($104,086)	 $270,369 		$557,613 		$566,322 

11/1/23 Interest	
11/1/23 Principal	

$300,456	
$215,000	
$515,456	

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

FY2023
ON ROLL ASSESSMENTS	
# Units	455	
Gross Assessments per Unit	$1,914.84

Total Gross Assessments		$871,252 Less Discount/Commission fees			($52,275)
Total Net Assessments	$818,977	

McJunkin at Parkland	
Community Development District	

 	
Series 2018 Special Assessment Bond	
Amortization Schedule	

PRINCIPAL	
	BALANCE		

 	DATE		 	INTEREST		 	PRINCIPAL		 	TOTAL	

1-Nov-22	$11,915,000.00	$304,812.50	$205,000.00	
1-May-23	$11,710,000.00	$300,456.25	$0.00	$810,268.75	
1-Nov-23	$11,710,000.00	$300,456.25	$215,000.00	
1-May-24	$11,495,000.00	$295,887.50	$0.00	$811,343.75	
1-Nov-24	$11,495,000.00	$295,887.50	$225,000.00	
1-May-25	$11,270,000.00	$290,543.75	$0.00	$811,431.25	
1-Nov-25	$11,270,000.00	$290,543.75	$235,000.00	
1-May-26	$11,035,000.00	$284,962.50	$0.00	$810,506.25	
1-Nov-26	$11,035,000.00	$284,962.50	$245,000.00	
1-May-27	$10,790,000.00	$279,143.75	$0.00	$809,106.25	
1-Nov-27	$10,790,000.00	$279,143.75	$260,000.00	
1-May-28	$10,530,000.00	$272,968.75	$0.00	$812,112.50	
1-Nov-28	$10,530,000.00	$272,968.75	$270,000.00	
1-May-29	$10,260,000.00	$266,556.25	$0.00	$809,525.00	
1-Nov-29	$10,260,000.00	$266,556.25	$285,000.00	
1-May-30	$9,975,000.00	$259,787.50	$0.00	$811,343.75	
1-Nov-30	$9,975,000.00	$259,787.50	$295,000.00	
1-May-31	$9,680,000.00	$252,228.13	$0.00	$807,015.63	
1-Nov-31	$9,680,000.00	$252,228.13	$310,000.00	
1-May-32	$9,370,000.00	$244,284.38	$0.00	$806,512.50	
1-Nov-32	$9,370,000.00	$244,284.38	$330,000.00	
1-May-33	$9,040,000.00	$235,828.13	$0.00	$810,112.50	
1-Nov-33	$9,040,000.00	$235,828.13	$345,000.00	
1-May-34	$8,695,000.00	$226,987.50	$0.00	$807,815.63	
1-Nov-34	$8,695,000.00	$226,987.50	$365,000.00	
1-May-35	$8,330,000.00	$217,634.38	$0.00	$809,621.88	
1-Nov-35	$8,330,000.00	$217,634.38	$380,000.00	
1-May-36	$7,950,000.00	$207,896.88	$0.00	$805,531.25	
1-Nov-36	$7,950,000.00	$207,896.88	$400,000.00	
1-May-37	$7,550,000.00	$197,646.88	$0.00	$805,543.75	
1-Nov-37	$7,550,000.00	$197,646.88	$420,000.00	
1-May-38	$7,130,000.00	$186,884.38	$0.00	$804,531.25	
1-Nov-38	$7,130,000.00	$186,884.38	$445,000.00	
1-May-39	$6,685,000.00	$175,481.25	$0.00	$807,365.63	
1-Nov-39	$6,685,000.00	$175,481.25	$465,000.00	
1-May-40	$6,220,000.00	$163,275.00	$0.00	$803,756.25	
1-Nov-40	$6,220,000.00	$163,275.00	$490,000.00	
1-May-41	$5,730,000.00	$150,412.50	$0.00	$803,687.50	
1-Nov-41	$5,730,000.00	$150,412.50	$515,000.00	
1-May-42	$5,215,000.00	$136,893.75	$0.00	$802,306.25	
1-Nov-42	$5,215,000.00	$136,893.75	$540,000.00	
1-May-43	$4,675,000.00	$122,718.75	$0.00	$799,612.50	
1-Nov-43	$4,675,000.00	$122,718.75	$570,000.00	
1-May-44	$4,105,000.00	$107,756.25	$0.00	$800,475.00	
1-Nov-44	$4,105,000.00	$107,756.25	$600,000.00	
1-May-45	$3,505,000.00	$92,006.25	$0.00	$799,762.50	
1-Nov-45	$3,505,000.00	$92,006.25	$630,000.00	
1-May-46	$2,875,000.00	$75,468.75	$0.00	$797,475.00	
1-Nov-46	$2,875,000.00	$75,468.75	$665,000.00	
1-May-47	$2,210,000.00	$58,012.50	$0.00	$798,481.25	
1-Nov-47	$2,210,000.00	$58,012.50	$700,000.00	
1-May-48	$1,510,000.00	$39,637.50	$0.00	$797,650.00	
1-Nov-48	$1,510,000.00	$39,637.50	$735,000.00	
1-May-49	$775,000.00	$20,343.75	$0.00	$794,981.25	
1-Nov-49	$775,000.00		$20,343.75		$775,000.00		$795,343.75	
	$10,628,218.75		$11,915,000.00		$22,543,218.75