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CLEARWATER CAY COMMUNITY DEVELOPMENT DISTRICTCle mt4er Cay CCIO LM z "ty 1134e-%zqe1opm4e3zt Xkimtrict 12051 Corporate Boulevard, Orlando, FL 32817 407-382-3256 FAX 407-382-3254 RECEIVED June 14, 2010 Cynthia E. Goudeau City Clerk City of Clearwater P.O. Box 4748 Clearwater, FL 33758-4748 OFFICIAL kEC:OIV LEGISLATIVE SEN Re: Proposed FY 2011 Budget's Dear Ms. Goudeau, In accordance with Chapter 190.008 F.S., attached is a copy of the proposed FY 2011 Operations Budget and the proposed FY 2011 Debt Service for the Clearwater Cay Community Development District which is located within the City of Clearwater. This budget if for your review and comment, should you have any. However, no action is necessary on your part. If you should have any questions regarding this matter please feel free to contact me at 407-382-3256. Sincerely, Jennifer lasgow Fishkind and Associates, Inc. District Accountant 12051 Corporate Blvd. Orlando, Florida 32817 jenniferg@fishkind.com EXHIBIT A Clearwater Cay Community Development District Proposed Fiscal Year 2011 Annual Operations & Maintenance Budget Revenues Working Capital On Roll Operations & Maintenance Net Revenues General & Administrative Expenses Supervisor Fees Engineering Fees Trustee Fees Extraordinary Trustee Fees __-Distrjcf-Couris?^-Y- Bond Counsel Trustee Counsel Audit Fees Dissemination Agent Assessment Roll District Management Fees Computer Time Travel & Per Diem Telephone Postage Insurance Printing & Binding Legal Advertising Dues, Licenses & Fees Miscellaneous Charges Total General & Administrative Expenses Actual Projected Total FY 2010 Through Through Projected Adopted 5.31.10 9.30.10 Through 9.30.10 Budget $0.00 $0-00 $0.00 $139,500.00 147,593.68 20,406.32 $168,000.00 28,500.00 $147,593.68 $20,406.32 $168,000.00 $168,000.00 $3,200.00 $1,800.00 $5,000-00 $0.00 0.00 0.00 0.00 2,500-00 7,708.17 0.00 7,708-17 10,000.00 0.00 6,500.00 6,500.00 10,000.00 J --` "10,03 0 ` - ` 10,000 OD f f - 29,033.00 -- 50, -.-CO 0.00 0.00 0.00 5,000.00 10,777.12 0.00 10,777.12 5,000.00 0.00 6,000.00 6,000.00 6,000.00 5,000.00 0-00 5,000.00 5,000.00 50.00 7,500.00 7,550.00 7,500.00 17,083.33 12,916-67 30,000.00 30,000.00 16.98 0.00 16.98 0.00 707.33 300.00 1,007.33 3,000.00 105.51 0.00 105.51 0.00 448.52 250.00 698.52 1,000.00 4,118.00 0.00 4,118.00 6,000.00 1,055.33 600.00 1,655.33 500.00 1,128.00 600.00 1,728.00 2,000.00 278.60 0.00 278.60 500.00 2,143.03 14,500.00 16,643.03 24,000.00 $72,852.92 $60,966.67 $133,819.59 $168,000.00 $129,500.00 Clearwater Cay CDD Proposed Debt Service Fund Budget Series 2006A Special Assessment Bonds FY 2011 "Exhibit B" FY 2011 Proposed Budget REVENUES: Special Assessments Series 2006A $2,738,375.00 TOTAL REVENUES _.__ _ $2,.738 375 00 EXPENDITURES: Series 2006A -Interest 11/1/10 Series 2006A - Principal 5/1/11 Series 2006A - Interest 5/1/11 TOTAL EXPENDITURES EXCESS REVENUES $763,675.00 $460,000.00 $763,675.00 $1,987,350.00 . $751,025.00 November 1, 2011 Series 2006A Debt Service Payment $751,025.00