Adopted

Budget

Fiscal

Fiscal

Year

Year

2016 2017

Armstrong Community

Development District

September

27,

2016

Armstrong

Community Development District

	Revenues				
	Developer Contributions			
	Total Revenues			
	Expenditures				
	Administrative				
	Engineering				
	Arbitrage				
	Dissemination Agent			
	Attorney				
	Annual Audit				
	Trustee Fees				
	Management Fees			
	Computer Time				
	Telephone				
	Postage				
	Printing & Binding			
	Insurance				
	Legal Advertising				
	Other Current Charges			
	Website Administration			
	Office Supplies				
	Dues, Licenses & Subscriptions		
	Administrative Expenditures		
	Excess Revenues	(Expenditures)		
				
(l)	Expenditures related to the	issuance of Bonds		

Adopted

FY 2016 Budget

$27,339

$27,339

$3,750 $0 $0 $7,500 $0 $0 $11,250 $375 $13 $188 $250 $0 $3,500 $125 $250 $38 $100

$27,339

$0

Adopted

FY 2017 Budget

$97,625

$97,625

$15,000			
$0	(1)		
			
$0	(1)		
			
$20,000			
$5,000			
$0	(1)		
			
$45,000			
$1,500			
$50			
$750			
$1,000			
$5,000			
$2,500			
$500			
$1,000			
$150			
$175			
$97,625			
$0			

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Armstrong

COMMUNITY

DEVELOPMENT DISTRICT

GENERAL

FUND

BUDGET

REVENUES:		
Developer Contributions		
It is presently ant icipated t hat the District will enter into a Funding Agreement with the	
General Fund Expenditures for the	Fiscal Year.	

Developer

to

fund all

EXPENDITURES:

Administrative:			
Engineering Fees			
The	District's engineer will	be  providing general  engineering		
				
preparation for monthly board meetings, review invoices, etc.		

servi

ces

to

the  District,  i.e . attendance  and

Arbitrage				
The District	is	required to have an annual arbitrage rebate calculation	on	
contract with	an independent auditing firm to perform the calculations .		

the District'sBonds.  The District will

Dissemination			
The District is	required	by the Security and Exchange Commission to	
relates to additional report ing requirement s for un-rated bond issues.	

comply with

Rule

1S(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

aud it 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 Trustee at a qualified	
based on the agreement between the Bank and the District.	

Bank.

The

amount

of

the trustee fees

is

Management Fees			
The	District receives Management, Accounting and		
with	Governmental  Management Services,	LLC.		
				
Management Agreement.			

Administrative services as part of a Management These services are further outlined in Exhibit

Agreement

"A"  of the

Postage

Mailing of agenda

packages,

overnight

deliveri

es,

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 Distri ct will obtain a General in providing insurance coverage Development Dist ricts.

Liability & Public

to governmenta

Officia ls Liabi lity	
l agencies.	The	

Insurance

amount  is

policy with a based upon

firm sim

that specializes ilar 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

duri

ng

the year.

Office Supplies

Miscel laneous office

suppl

ies.

Dues,			
Licenses & Subscriptions			
The District is required to pay an	annual fee to the		
only expense under this	for the District.		
category			

Department

of

Economic

Opportunity

for

$175.

This

is

the

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