Adopted

Budget

Fiscal

Year

2018

Armstrong

Community

Development

District

August

2,

2017

Armstrong

Community Development District

General

Fund

	Description		
	Revenues		
	Developer Contributions		
	Total Revenues		
	Expenditures		
	Administrative		
	Supervisor Fees		
	FICA Taxes		
	Engineering		
(1)	Arbitrage		
			
(1)	Dissemination Agent		
			
	Attorney		
	Annual	Audit		
(1)	Trustee	Fees		
				
	Management Fees		
	Computer Time		
	Telephone		
	Postage			
	Printing	& Binding		
	Insurance		
	Lega l Advertising		
	Other Current Charges		
	Website Administration		
	Office Supplies		
	Dues,			
	Licenses & Subscriptions		
	Total Administrative		
	Unassigned Fund Balance		

FY2017	Actual		
Adopted	thru		
Budget	6/30/2017		

$97,625	$53,457	
$97,625	$53,457	

$0	$200	
$0	$15	
$15,000	$1,500	
$0	$0	
$0	$0	
$20,000	$12,748	
$5,000	$0	
$0	$0	
$45,000	$26,250	
$1,500	$1,083	
$50	$36	
$750	$209	
$1,000	$742	
$5,000	$5,000	
$2,500	$4,032	
$500	$155	
$1,000	$666	
$150	$95	
$175	$175	
$97,625	$52,906	
$0	$551	

Projected	Total		
Next	Projected at		
3 Months	9/30/2017		

$20,218	$73,675	
$20,218	$73,675	

$400	$600	
$31	$46	
$5,000	$6,500	
$0	$0	
$0	$0	
$4,249	$16,997	
$0	$0	
$0	$0	
$8,750	$35,000	
$361	$1,444	
$12	$48	
$70	$279	
$247	$989	
$0	$5,000	
$1,344	$5,376	
$52	$207	
$222	$888	
$32	$127	
$0	$175	
$20,769	$73,675	
($551)	$0	

FY2018

Adopted

Budget

$105,584 $105,584

$6,000 $459 $15,000 $0 $0 $20,000 $5,000

$0 $45,000 $1,500 $50 $750 $1,000 $5,500 $3,500 $500 $1,000 $150 $175

$105,584

$0

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Armstrong

COMMUNITY

DEVELOPMENT DISTRICT

GENERAL

FUND

BUDGET

REVENUES:

Developer Contributions					
It	is	presently anticipated	that	the	District will		
							
General Fund						
	Expenditures for	the	Fiscal Year.		

enter

i

nto

a Funding Agreement

with

the

Developer

to

fund all

EXPENDITURES:

Administrative :

Engineering Fees

The  District's engineer

preparation for monthly

will	be	providing general  engineering  services		
				
board meetings, review invoices, etc.		

to

the  District,  i.e.	attendance  and	

Arbitrage

The District is contract with

required	to	have an annual	
an			
independent auditing firm	

arbitrage rebate calculation on the District'sBonds.	The District will	
to		
perform the calculations.		

Dissemination					
The District is	required by the Security and Exchange	comply		
relates to		Commission to			
additional reporting	requirements for un-			
		rated bond issues.			

with

Rule

15(c)(2)-12(b)(S), which

Attorney The District's legal counsel will preparation for monthly meetings,

be	providing  general	legal  services	to	the  District,  i.e.  attendance  and		
						
review operating &					
					
	maintenance contracts, etc.		

Annual Audit			
The	District	is required		
				
Accounting	Firm .	The		
pronouncement.			

to	annually conduct	an		
				
fee	is	based on similar		

audit of its financial records	by an	Independent Certified Public		
Community Development Districts and	includes the	GASB 34		

Trustee Fees						
The District will issue	bonds	to	be held with	a		
						
based on the agreement between the Bank and		

Trustee at a qualified Bank. the District.

The

amount

of

the trustee fees

is

Management Fees		
The District receives Management,		
with	Governmental  Management		
			
Management Agreement.		

Accounting and

Services,  LLC.

Administrative

These  services

services as part of a Management		
are	further	outlined  in  Exhibit		

Agreement

"A"  of the

Postage

Mailing

of

agenda packages, overnight deliveries, correspondence, etc.

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Armstrong

COMMUNITY

DEVELOPMENT

DISTRICT

GENERAL

FUND

BUDGET

Printing & Binding Printing and Binding agenda packages envelopes etc.

for

board  meetings,  printing

of

computerized  checks,  stationary,

Insurance		
The	District will obtain a General		
				
in	providing insurance coverage		
			
Development Districts.		

Liability & Public

to governmental

Officials Liability	
agencies.	The	

Insurance policy with a firm that specializes amount is based upon similar Community

Legal Advertising				
The	District is  required	to	advertise		
					
newspaper of general circulation .		

various  notices

for

monthly Board meetings,  public hearings etc in	a	

Other Current Charges

Bank charges and any other miscellaneous

expenses

that

incurred during the year.

Website Administration

Per	Chapter 2014-22, Laws	of Florida,		
				
COD as well as links to useful websites		
LLC	and updated monthly.			

all Districts must have a website regarding Compliance issues. This

to	provide	detailed information on the		
				
website will	be maintained by GMS-SF,		

Office Supplies

Miscellaneous office supplies.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the

only expense under this category for the District.

Department

of

Economic Opportunity

for

$175.

This

is

the

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