McJunkin at Parkland	
Community Development District	

Proposed Budget	
FY 2025	

Table of Contents

1

2-3

4

5

	General Fund

	Narratives

	Debt Service Fund Series 2018

	Series 2018 Amortization Schedule

6		Assessment Schedule

McJunkin at Parkland	
Community Development District	
Proposed Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	2/29/24	7 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments - On Roll	$86,450	$86,086	$364	$86,450	$86,451	
Carry Forward Surplus	-	-	-	-	2,437	

TOTAL REVENUES	$86,450	$86,086	$364	$86,450	$88,888.00	

EXPENDITURES:

Administrative						
Engineering	$10,000	$-	$7,539	$7,539	$10,000	
Attorney	20,000	1,500	18,500	$20,000	20,000	
Annual Audit	5,000	4,500	500	$5,000	5,000	
Assessment Administration	2,000	2,910	-	$2,910	3,010	
Arbitrage Rebate	600	550	-	$550	550	
Dissemination Agent	2,500	1,042	1,458	$2,500	2,625	
Trustee Fees	4,500	4,041	-	$4,041	4,500	
Management Fees	28,840	12,017	16,823	$28,840	30,282	
Website Maintenance	2,137	890	1,247	$2,137	2,244	
Telephone	50	-	29	$32	50	
Postage & Delivery	500	10	490	$500	500	
Insurance General Liability	6,587	6,228	-	$6,228	7,352	
Printing & Binding	1,250	8	1,242	$1,250	500	
Legal Advertising	1,711	-	1,711	$1,711	1,500	
Other Current Charges	500	-	500	$500	500	
Office Supplies	100	6	94	$100	100	
Dues, Licenses & Subscriptions	175	175	-	$175	175	

TOTAL ADMINISTRATIVE	$86,450	$33,876	$50,134	$84,013	$88,888	

TOTAL EXPENDITURES	$86,450	$33,876	$50,134	$84,013	$88,888	

EXCESS REVENUES (EXPENDITURES)	$-	$52,210	$(49,770)	$2,437	$	-	

McJunkin at Parkland	
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 Roll 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.	
Expenditures - Administrative	
Information Technology	
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.	
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.	

McJunkin at Parkland	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

Expenditures - Administrative (continued)	

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.	
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	
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.	

McJunkin at Parkland	
Community Development District	
Proposed Budget	
Debt Service Series 2018 Special Assessment Refunding Bonds	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	2/29/24	7 Months	9/30/24	FY 2025	
REVENUES:

Special Assessments-On Roll	$818,977	$815,520	$3,457	$818,977	$818,977	
Interest Earnings	2,000	14,996	20,995	35,991	10,000	
Carry Forward Surplus (1)	602,301	617,045	-	617,045	660,670	

TOTAL REVENUES	$1,423,278	$1,447,561	$24,452	$1,472,014	$1,489,647	
EXPENDITURES:

Interest - 11/1	$300,456	$300,456	$-	$300,456	$295,888	
Principal - 11/1	215,000	215,000	-	215,000	225,000	
Interest - 5/1	295,888	-	295,888	295,888	290,544	

TOTAL EXPENDITURES	$811,344	$515,456	$295,888	$811,344	$811,431	

EXCESS REVENUES (EXPENDITURES)	$611,934	$932,105	$(271,435)	$660,670	$678,216	

Interest Due 11/1/25	$290,543.75	
Principal Due 11/1/25	$235,000.00	
		$525,543.75 	

(1) Carry Forward is Net of Reserve Requirement

McJunkin at Parkland	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2018 Special Assessment Refunding Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/24	11,495,000	4.750%	225,000	295,887.50		
05/01/25	11,270,000	4.750%	-	290,543.75	811,431.25	
11/01/25	11,270,000	4.750%	235,000	290,543.75		
05/01/26	11,035,000	4.750%	-	284,962.50	810,506.25	
11/01/26	11,035,000	4.750%	245,000	284,962.50		
05/01/27	10,790,000	4.750%	-	279,143.75	809,106.25	
11/01/27	10,790,000	4.750%	260,000	279,143.75		
05/01/28	10,530,000	4.750%	-	272,968.75	812,112.50	
11/01/28	10,530,000	4.750%	270,000	272,968.75		
05/01/29	10,260,000	4.750%	-	266,556.25	809,525.00	
11/01/29	10,260,000	4.750%	285,000	266,556.25		
05/01/30	9,975,000	5.125%	-	259,787.50	811,343.75	
11/01/30	9,975,000	5.125%	295,000	259,787.50		
05/01/31	9,680,000	5.125%	-	252,228.13	807,015.63	
11/01/31	9,680,000	5.125%	310,000	252,228.13		
05/01/32	9,370,000	5.125%	-	244,284.38	806,512.50	
11/01/32	9,370,000	5.125%	330,000	244,284.38		
05/01/33	9,040,000	5.125%	-	235,828.13	810,112.50	
11/01/33	9,040,000	5.125%	345,000	235,828.13		
05/01/34	8,695,000	5.125%	-	226,987.50	807,815.63	
11/01/35	8,695,000	5.125%	365,000	226,987.50		
05/01/35	8,330,000	5.125%	-	217,634.38	809,621.88	
11/01/35	8,330,000	5.125%	380,000	217,634.38		
05/01/36	7,950,000	5.125%	-	207,896.88	805,531.25	
11/01/36	7,950,000	5.125%	400,000	207,896.88		
05/01/37	7,550,000	5.125%	-	197,646.88	805,543.75	
11/01/37	7,550,000	5.125%	420,000	197,646.88		
05/01/38	7,130,000	5.125%	-	186,884.38	804,531.25	
11/01/38	7,130,000	5.125%	445,000	186,884.38		
05/01/39	6,685,000	5.250%	-	175,481.25	807,365.63	
11/01/39	6,685,000	5.250%	465,000	175,481.25		
05/01/40	6,220,000	5.250%	-	163,275.00	803,756.25	
11/01/40	6,220,000	5.250%	490,000	163,275.00		
05/01/41	5,730,000	5.250%	-	150,412.50	803,687.50	
11/01/41	5,730,000	5.250%	515,000	150,412.50		
05/01/42	5,215,000	5.250%	-	136,893.75	802,306.25	
11/01/42	5,215,000	5.250%	540,000	136,893.75		
05/01/43	4,675,000	5.250%	-	122,718.75	799,612.50	
11/01/43	4,675,000	5.250%	570,000	122,718.75		
05/01/44	4,105,000	5.250%	-	107,756.25	800,475.00	
11/01/44	4,105,000	5.250%	600,000	107,756.25		
05/01/45	3,505,000	5.250%	-	92,006.25	799,762.50	
11/01/45	3,505,000	5.250%	630,000	92,006.25		
05/01/46	2,875,000	5.250%	-	75,468.75	797,475.00	
11/01/46	2,875,000	5.250%	665,000	75,468.75		
05/01/47	2,210,000	5.250%	-	58,012.50	798,481.25	
11/01/47	2,210,000	5.250%	700,000	58,012.50		
05/01/48	1,510,000	5.250%	-	39,637.50	797,650.00	
11/01/48	1,510,000	5.250%	735,000	39,637.50		
05/01/49	775,000	5.250%	-	20,343.75	794,981.25	
11/01/49	775,000	5.250%	775,000	20,343.75	795,343.75	
Total			$11,495,000	$9,426,606	$20,921,606	

McJunkin at Parkland	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2024-2025	

Neighborhood	O&M Units	Bonds Units
2018	
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	

455	

455	

$202.13	

$202.13	

$0.00	

$1,914.84	

$1,914.84	

$0.00	

$2,116.97	

$2,116.97	

$0.00	
Total	455	455										

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