Davenport Road South CDD	
FY 2020 Proposed O&M Budget	
	
Actuals Through 05/31/2019		
Anticipated 06/2019
- 09/2019		
Anticipated FY 2019 Totals		
FY 2019 Adopted Budget	
FY 2020 Proposed Budget	

Revenues									
Assessments	$	276,750.00		$	-		$	276,750.00		$	268,263.00	$	263,021.00	
Contribution from HM West	-		-		-		-	59,358.00	
Net Revenues	$	276,750.00		$	-		$	276,750.00		$	268,263.00	$	322,379.00	
General & Administrative Expenses									
Supervisor Fees	$	3,400.00		$	2,600.00		$	6,000.00		$	6,000.00	$	6,000.00	
D&O Insurance	2,475.00		-		2,475.00		2,800.00	2,800.00	
Trustee Services	2,168.47		3,831.53		6,000.00		6,000.00	6,000.00	
Management	13,333.36		6,666.64		20,000.00		20,000.00	20,000.00	
Field Management	-		-		-		-	1,800.00	
Engineering	1,503.75		13,496.25		15,000.00		15,000.00	10,000.00	
Dissemination Agent	5,000.00		-		5,000.00		5,000.00	5,000.00	
District Counsel	7,422.13		17,577.87		25,000.00		25,000.00	 	20,000.00	
Assessment Administration	-		-		-		-	7,500.00	
Reamortization Schedules	-		-		-		-	250.00	
Audit	4,500.00		1,500.00		6,000.00		6,000.00	6,000.00	
Travel and Per Diem	75.85		424.15		500.00		500.00	 	-	
Telephone	37.29		162.71		200.00		200.00	200.00	
Postage & Shipping	185.51		114.49		300.00		300.00	300.00	
Copies	171.45		328.55		500.00		500.00	500.00	
Legal Advertising	1,277.61		6,722.39		8,000.00		8,000.00	3,000.00	
Bank Fees	-		250.00		250.00		250.00	-	
Miscellaneous	1,913.59		-		1,913.59		1,100.00	1,100.00	
Storm Cleanup & Repairs	-		-		-		-	 	7,500.00	
Web Site Maintenance	600.00		2,300.00		2,900.00		2,900.00	2,900.00	
Dues, Licenses, and Fees	175.00		75.00		250.00		250.00	250.00	
Contingency	-		11,887.77		11,887.77		19,124.20	19,124.20	
Total General & Administrative Expenses	$	44,239.01		$	67,937.35		$	112,176.36		$	118,924.20	$	120,224.20	
Field Expenses									
General Insurance	$	3,025.00		$	-		$	3,025.00		$	3,400.00	$	3,400.00	
Irrigation	3,600.00		-		3,600.00		1,000.00	 	8,000.00	
Landscaping Maintenance	11,950.00		58,050.00		70,000.00		70,000.00	35,000.00	
Landscaping Improvements - Mulch & Flowers	-		12,500.00		12,500.00		12,500.00	 	12,500.00	
Fertilization	-		5,616.00		5,616.00		5,616.00	5,616.00	
Contingency	4,260.93		1,073.07		5,334.00		5,334.00	5,334.00	
Streetlights	737.03		17,417.77		18,154.80		18,154.80	18,154.80	
Total Field Expenses	$	23,572.96		$	94,656.84		$	118,229.80		$	116,004.80	$	88,004.80	
Cabana & Pool Expenses									
Playground Lease	$	6,502.92		$	6,506.92		$	13,009.84		$	-	$	20,000.00	
Security	-		4,000.00		4,000.00		4,000.00	7,500.00	
Maintenance Stafff	-		5,000.00		5,000.00		5,000.00	-	
Janitorial Service	-		-		-		-	15,000.00	
Contingency	-		2,967.00		2,967.00		2,967.00	7,500.00	
Electric	1,067.04		5,265.96		6,333.00		6,333.00	20,000.00	
Cabana Electric	-		667.00		667.00		667.00	-	
Pool Electric	-		1,250.00		1,250.00		1,250.00	-	
Cable Television	-		300.00		300.00		300.00	900.00	
Property & Casualty	378.00		1,622.00		2,000.00		2,000.00	10,000.00	
Equipment Repair & Maintenance	647.62		519.38		1,167.00		1,167.00	5,000.00	
Pest Control	-		333.00		333.00		333.00	1,000.00	
Signage & Amenities Repair	-		250.00		250.00		250.00	750.00	
Pool Maintenance	-		6,400.00		6,400.00		6,400.00	19,000.00	
Pool and Cabana Water	105.46		2,561.54		2,667.00		2,667.00	7,500.00	
Total Cabana & Pool Expenses	$	8,701.04		$	37,642.80		$	46,343.84		$	33,334.00	$	114,150.00	
Total Expenses	$	76,513.01		$	200,236.99		$	276,750.00		$	268,263.00	$	322,379.00	
Income (Loss) from Operations	$	200,236.99		$	(200,236.99)		$	-		$	-	$	-	
Other Income (Expense)									
Interest Income	$	-		$	-		$	-		$	-	$	-	
Total Other Income (Expense)	$	-		$	-		$	-		$	-	$	-	
Net Income (Loss)	$	200,236.99		$	(200,236.99)		$	-		$	-	$	-