Adopted Budget
Fiscal Year 2022

McJunkin at Parkland Community Development District

August 12, 2021

McJunkin at Parkland
Community Development District

General Fund

FY2021
Adopted
 	Budget	

Actual thru
 	6/30/21	

Projected Next
     3 Months	

Total Projected at
    9/30/21 

FY2022
Adopted
 	Budget	

 Description	

Revenues

Maintenance Assessments Direct Assessments

$14,450
$72,000

$14,611
$72,010

$0
$0

$14,611
$72,010

$40,850
$45,600

Total Revenues

 	$86,450 

 	$86,621 

 	$0 

   $86,621 

 	$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

$3,882
$1,875
$550
$1,400
$4,624
$1,000
$4,041
$21,000
$0
$52
$5,381
$91
$455
$273
$1,603
$18
$175

$1,941
$625
$0
$0
$2,312
$3,200
$0
$7,000
$25
$50
$0
$500
$910
$91
$534
$50
$0

$5,823
$2,500
$550
$1,400
$6,936
$4,200
$4,041
$28,000
$25
$102
$5,381
$591
$1,365
$364
$2,137
$68
$175

$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

Total Administrative

 	$86,450 

 	$46,419 

 	$17,238 

   $63,657 

 	$86,450 

Assigned Fund Balance

 	$0 

 	$40,202 

 	($17,238) 

   $22,964 

 	$0 

FY2022

Page 1

ON ROLL ASSESSMENTS
# Units Gorss Assessments Per Unit

Total Gross Assessments Less Discount/Commision fees Total Net Assessments

215
$202.13

$43,457 ($2,607)

$40,850

DIRECT ASSESSMENTS
# Units Gorss Assessments Per Unit

Total Gross Assessments Less Discount/Commision fees Total Net Assessments

240
$202.13

$48,511 ($2,911)

$45,600

McJunkin at Parkland
Community Development District Budget

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 $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.

Page 2

McJunkin at Parkland
Community Development District Budget

General Fund

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. expense under this category for the District.

This is the only

Page 3

McJunkin at Parkland
Community Development District

Debt Service Fund
Series 2018 Special Assessment Bond

FY2021
Adopted
 	Budget	

Actual thru
     6/30/21	

Projected Next
     3 Months	

Total Projected at
 	9/30/21	

FY2022
Adopted
 	Budget	

 	Description	

Revenues

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

$818,977
$464,582
$5,000
$33,518

$138,407
$257,707
$46
$33,007

$5,206
$882,481
$20
$0

$143,613
$1,140,188
$66
$33,007

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

Total Revenues

    $1,322,077 

    $290,760 

 	$882,501 

    $1,316,874 

 	$1,323,688 

Expenditures

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

$313,100
$190,000
$309,063

$313,100
$190,000
$309,063

$0
$0
$0

$313,100
$190,000
$309,063

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

Total Expenditures

 	$812,163 

    $812,163 

 	$0 

 	$812,163 

 	$813,875 

EXCESS REVENUES

 	$509,915 

($521,403)

$882,501

$504,711

$509,813

11/1/22 Interest
11/1/22 Principal

$304,813
 	$205,000 
$509,813

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

FY2022

Page 4

ON ROLL ASSESSMENTS
# Units Gross Assessments per Unit

Total Gross Assessments Less Discount/Commision fees Total Net Assessments

215
$1,914.84

$411,691 ($24,701)

$386,989

DIRECT ASSESSMENTS
# Units Gross Assessments per Unit

Total Gross Assessments Less Discount/Commision fees Total Net Assessments

240
$1,914.84

$459,562 ($27,574)

$431,988

McJunkin at Parkland
Community Development District

Series  2018  Special Assessment Bond
Amortization  Schedule

PRINCIPAL
 	BALANCE	

 	DATE	

 	INTEREST	

 	PRINCIPAL	

 	TOTAL	

1-May-19
1-Nov-19
1-May-20
1-Nov-20
1-May-21

$12,305,000.00
$12,305,000.00
$12,305,000.00
$12,305,000.00
$12,115,000.00

$278,311.11
$313,100.00
$313,100.00
$313,100.00
$309,062.50

$0.00
$0.00
$0.00
$190,000.00
$0.00

$278,311.11

$626,200.00

$812,162.50

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

$11,915,000.00
$11,710,000.00
$11,710,000.00
$11,495,000.00
$11,495,000.00
$11,270,000.00
$11,270,000.00
$11,035,000.00
$11,035,000.00
$10,790,000.00
$10,790,000.00
$10,530,000.00
$10,530,000.00
$10,260,000.00
$10,260,000.00
$9,975,000.00
$9,975,000.00
$9,680,000.00
$9,680,000.00
$9,370,000.00
$9,370,000.00
$9,040,000.00
$9,040,000.00
$8,695,000.00
$8,695,000.00
$8,330,000.00
$8,330,000.00
$7,950,000.00
$7,950,000.00
$7,550,000.00
$7,550,000.00
$7,130,000.00
$7,130,000.00
$6,685,000.00
$6,685,000.00
$6,220,000.00
$6,220,000.00
$5,730,000.00
$5,730,000.00
$5,215,000.00
$5,215,000.00
$4,675,000.00
$4,675,000.00
$4,105,000.00
$4,105,000.00
$3,505,000.00
$3,505,000.00
$2,875,000.00
$2,875,000.00
$2,210,000.00
$2,210,000.00
$1,510,000.00
$1,510,000.00
$775,000.00
$775,000.00

$304,812.50
$300,456.25
$300,456.25
$295,887.50
$295,887.50
$290,543.75
$290,543.75
$284,962.50
$284,962.50
$279,143.75
$279,143.75
$272,968.75
$272,968.75
$266,556.25
$266,556.25
$259,787.50
$259,787.50
$252,228.13
$252,228.13
$244,284.38
$244,284.38
$235,828.13
$235,828.13
$226,987.50
$226,987.50
$217,634.38
$217,634.38
$207,896.88
$207,896.88
$197,646.88
$197,646.88
$186,884.38
$186,884.38
$175,481.25
$175,481.25
$163,275.00
$163,275.00
$150,412.50
$150,412.50
$136,893.75
$136,893.75
$122,718.75
$122,718.75
$107,756.25
$107,756.25
$92,006.25
$92,006.25
$75,468.75
$75,468.75
$58,012.50
$58,012.50
$39,637.50
$39,637.50
$20,343.75
 	$20,343.75 
 	$12,768,767.36 

$205,000.00
$0.00
$215,000.00
$0.00
$225,000.00
$0.00
$235,000.00
$0.00
$245,000.00
$0.00
$260,000.00
$0.00
$270,000.00
$0.00
$285,000.00
$0.00
$295,000.00
$0.00
$310,000.00
$0.00
$330,000.00
$0.00
$345,000.00
$0.00
$365,000.00
$0.00
$380,000.00
$0.00
$400,000.00
$0.00
$420,000.00
$0.00
$445,000.00
$0.00
$465,000.00
$0.00
$490,000.00
$0.00
$515,000.00
$0.00
$540,000.00
$0.00
$570,000.00
$0.00
$600,000.00
$0.00
$630,000.00
$0.00
$665,000.00
$0.00
$700,000.00
$0.00
$735,000.00
$0.00
 	$775,000.00 
 	$12,305,000.00 

$810,268.75

$811,343.75

$811,431.25

$810,506.25

$809,106.25

$812,112.50

$809,525.00

$811,343.75

$807,015.63

$806,512.50

$810,112.50

$807,815.63

$809,621.88

$805,531.25

$805,543.75

$804,531.25

$807,365.63

$803,756.25

$803,687.50

$802,306.25

$799,612.50

$800,475.00

$799,762.50

$797,475.00

$798,481.25

$797,650.00

$794,981.25
 	$795,343.75 
 	$25,073,767.36 

Page 5

1-Nov-21	$12,115,000.00	$309,062.50	$200,000.00
1-May-22	$11,915,000.00	$304,812.50	$0.00	$813,875.00