Adopted Budget
Fiscal Year 2022

Campo Bello Community Development District

August 20, 2021

Campo Bello
Community Development District

General Fund

FY2021
Adopted
 	Budget	

Actual thru
 	7/31/21	

Projected Next
 	2 Months	

Total Projected at
 	9/30/21	

FY2022
Adopted
 	Budget	

 Description	

Revenues

Maintenance Assessments

$125,010

$135,090

$0

$135,090

$132,818

Total Revenues

 	$125,010 

 	$135,090 

 	$0 

 	$135,090 

 	$132,818 

Expenditures

Administrative

Engineering Fees Dissemination Agent Arbitrage Assessment Roll Attorney Fees Annual Audit Trustee Fees Management Fees Telephone
Postage Insurance
Printing & Binding Legal Advertising Other Current Charges
Website Administration Office Supplies
Dues, Licenses & Subscriptions 1st Quarter Operating

$12,000
$2,500
$600
$4,000
$15,000
$5,000
$6,000
$36,000
$50
$750
$6,000
$1,000
$2,500
$700
$1,000
$150
$175
$21,835

$95
$2,083
$550
$4,000
$6,238
$3,400
$4,041
$30,000
$0
$56
$5,251
$73
$189
$302
$833
$0
$175
$0

$5,000
$417
$0
$0
$2,079
$0
$0
$6,000
$25
$150
$0
$52
$1,000
$60
$167
$50
$0
$0

$5,095
$2,500
$550
$4,000
$8,317
$3,400
$4,041
$36,000
$25
$206
$5,251
$126
$1,189
$362
$1,000
$50
$175
$0

$12,000
$2,500
$600
$4,000
$15,000
$5,000
$6,000
$36,000
$50
$750
$6,000
$1,000
$2,500
$700
$1,000
$150
$175
$21,835

Total Administrative

 	$115,260 

 	$57,286 

 	$15,000 

 	$72,286 

 	$115,260 

Field

Contingency

$9,750

$0

$9,750

$9,750

$17,558

Total Field

 	$9,750 

 	$0 

 	$9,750 

 	$9,750 

 	$17,558 

Total Expenditures

 	$125,010 

 	$57,286 

 	$24,750 

 	$82,036 

 	$132,818 

Assigned Fund Balance

 	$0 

 	$77,804 

 	($24,750) 

 	$53,054 

 	$0 

Page 1

Annual Net	Annual Gross*
O&M Assessment	O&M Assessment
Land Use	 No. of Units		 	Per Unit		 	Per Unit	

Main Site
Single Family	30	$	272.73	$	287.08
Twin Home	 	440		$	272.73	$	287.08
Sub-Total	470
Annex
Single Family	1	$	272.73	$	287.08
Twin Home	 	16		$	272.73	$	287.08
Sub-Total	17
Totals	487
Less: Discounts/Commissions (5%)

Annual Gross*
O&M Assessment
Total

$	8,612.40
$	126,315.20

$	134,927.60

$	287.08
$	4,593.28

$	4,880.36

$	139,807.96
$	(6,990.40)

$	132,817.56

Campo Bello
Community Development District
GENERAL FUND BUDGET

REVENUES:

Maintenance Assessments

The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all of the operating expenses for the Fiscal
Year in accordance with the adopted budget.

 	_

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.

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.

Arbitrage

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.

Assessment Roll

Represents cost associated with annually levying and collection Non-Ad Valorem Assessments utilized to fund the operating and debt service
cost of the District.

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 trustee 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

Telephone and fax machine

Page 2

Campo Bello
Community Development District
GENERAL FUND BUDGET

Administrative: (continued)

Postage

Mailing of agenda packages, overnight deliveries, correspondence, etc.

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.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc

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 Administration

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.

Office Supplies

Miscellaneous office supplies

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category
for the District.

1st Quarter Operating

Total expenditures needed to operate the beginning of the first quarter for the district.

FIELD

Contingency

Represents any un-budgeted expense.

Page 3

Campo Bello
Community Development District

Debt Service Fund
Series 2019 Special Assessment Bond

FY2021
Adopted
 	Budget	

Actual thru
 	7/31/21	

Projected Next
 	2 Months	

Total Projected at
 	9/30/21	

FY2022
Adopted
 	Budget	

 Description	

Revenues

Direct Assessments Special Assessments Interest Income
Carry Forward Surplus (1)

$393,794
$602,200
$0
$1,533

$396,275
$619,211
$30
$0

$0
$0
$6
$0

$396,275
$619,211
$36
$0

$0
$608,797
$0
$421,123

Total Revenues

 	$997,527 

 	$1,015,516 

 	$6 

 	$1,015,522 

 	$1,029,920 

Expenditures

Series 2019 Interest 12/15 Principal 12/15 Interest 06/15

$201,275
$195,000
$198,106

$201,275
$195,000
$198,106

$0
$0
$0

$201,275
$195,000
$198,106

$198,106
$205,000
$194,775

Total Expenditures

 	$594,381 

 	$594,381 

 	$0 

 	$594,381 

 	$597,881 

Other Financing Sources/(Uses)

Interfund Transfer Out

$0

($15)

($3)

($18)

$0

Total Other Financing Sources/(Uses)

 	$0 

 	($15) 

 	($3) 

 	($18) 

 	$0 

EXCESS REVENUES

 	$403,146 

$421,120

$9

$421,123

$432,039

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

12/15/22 Interest 12/15/22 Principal

$

194,775

$	210,000

$

404,775

Page 4

Annual Net	Annual Gross*
Debt Assessment			Debt Assessment Land Use	 No. of Units		 	Per Unit		 		Per Unit	

Main Site
Single Family	30	$	1,531.00	$	1,611.58
Twin Home	 	440		$	1,231.00	$	1,295.79
Sub-Total	470
Annex
Single Family	1	$	1,531.00	$	1,611.58
Twin Home	 	16		$	1,231.00	$	1,295.79
Sub-Total	17
Totals	487
Less: Discounts/Commissions (5%)

Annual Gross*
Debt Assessment Total

$	48,347.40
$	570,147.60

$	618,495.00

$	1,611.58
$	20,732.64

$	22,344.22

$	640,839.22
$	(32,041.96)

$	608,797.26

Campo Bello
Community Development District

Series 2019 Special Assessment Bond
Amortization Schedule

PRINCIPAL
 	BALANCE	

 	DATE	

     RATE	

 	INTEREST	

 	PRINCIPAL	

 	TOTAL	

15-Dec-19
15-Jun-20
15-Dec-20
15-Jun-21

$10,450,000.00
$10,450,000.00
$10,450,000.00
$10,255,000.00

3.250%
3.250%
3.250%
3.250%

$72,683.00
$201,275.00
$201,275.00
$198,106.25

$0.00
$0.00
$195,000.00
$0.00

$273,958.00

$594,381.25

15-Dec-22
15-Jun-23
15-Dec-23
15-Jun-24
15-Dec-24
15-Jun-25
15-Dec-25
15-Jun-26
15-Dec-26
15-Jun-27
15-Dec-27
15-Jun-28
15-Dec-28
15-Jun-29
15-Dec-29
15-Jun-30
15-Dec-30
15-Jun-31
15-Dec-31
15-Jun-32
15-Dec-32
15-Jun-33
15-Dec-33
15-Jun-34
15-Dec-34
15-Jun-35
15-Dec-35
15-Jun-36
15-Dec-36
15-Jun-37
15-Dec-37
15-May-38
15-Dec-38
15-Jun-39
15-Dec-39
15-Jun-40
15-Dec-40
15-Jun-41
15-Dec-41
15-Jun-42
15-Dec-42
15-Jun-43
15-Dec-43
15-Jun-44
15-Dec-44
15-Jun-45
15-Dec-45
15-Jun-46
15-Dec-46
15-Jun-47
15-Dec-47
15-Jun-48
15-Dec-48
15-Jun-49
15-Dec-49

$10,050,000.00
$9,840,000.00
$9,840,000.00
$9,625,000.00
$9,625,000.00
$9,400,000.00
$9,400,000.00
$9,170,000.00
$9,170,000.00
$8,930,000.00
$8,930,000.00
$8,680,000.00
$8,680,000.00
$8,425,000.00
$8,425,000.00
$8,160,000.00
$8,160,000.00
$7,885,000.00
$7,885,000.00
$7,600,000.00
$7,600,000.00
$7,305,000.00
$7,305,000.00
$6,995,000.00
$6,995,000.00
$6,675,000.00
$6,675,000.00
$6,340,000.00
$6,340,000.00
$5,995,000.00
$5,995,000.00
$5,635,000.00
$5,635,000.00
$5,260,000.00
$5,260,000.00
$4,870,000.00
$4,870,000.00
$4,465,000.00
$4,465,000.00
$4,045,000.00
$4,045,000.00
$3,605,000.00
$3,605,000.00
$3,150,000.00
$3,150,000.00
$2,675,000.00
$2,675,000.00
$2,180,000.00
$2,180,000.00
$1,665,000.00
$1,665,000.00
$1,130,000.00
$1,130,000.00
$575,000.00
$575,000.00

3.250%
3.250%
3.250%
3.250%
3.250%
3.500%
3.500%
3.500%
3.500%
3.500%
3.500%
3.500%
3.500%
3.500%
3.500%
3.500%
3.500%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
4.000%
   4.000% 
      Total	

$194,775.00
$191,362.50
$191,362.50
$187,868.75
$187,868.75
$184,212.50
$184,212.50
$180,187.50
$180,187.50
$175,987.50
$175,987.50
$171,612.50
$171,612.50
$167,150.00
$167,150.00
$162,512.50
$162,512.50
$157,700.00
$157,700.00
$152,000.00
$152,000.00
$146,100.00
$146,100.00
$139,900.00
$139,900.00
$133,500.00
$133,500.00
$126,800.00
$126,800.00
$119,900.00
$119,900.00
$112,700.00
$112,700.00
$105,200.00
$105,200.00
$97,400.00
$97,400.00
$89,300.00
$89,300.00
$80,900.00
$80,900.00
$72,100.00
$72,100.00
$63,000.00
$63,000.00
$53,500.00
$53,500.00
$43,600.00
$43,600.00
$33,300.00
$33,300.00
$22,600.00
$22,600.00
$11,500.00
 	$11,500.00 
 	$7,624,783.00 

$210,000.00
$0.00
$215,000.00
$0.00
$225,000.00
$0.00
$230,000.00
$0.00
$240,000.00
$0.00
$250,000.00
$0.00
$255,000.00
$0.00
$265,000.00
$0.00
$275,000.00
$0.00
$285,000.00
$0.00
$295,000.00
$0.00
$310,000.00
$0.00
$320,000.00
$0.00
$335,000.00
$0.00
$345,000.00
$0.00
$360,000.00
$0.00
$375,000.00
$0.00
$390,000.00
$0.00
$405,000.00
$0.00
$420,000.00
$0.00
$440,000.00
$0.00
$455,000.00
$0.00
$475,000.00
$0.00
$495,000.00
$0.00
$515,000.00
$0.00
$535,000.00
$0.00
$555,000.00
$0.00
 	$575,000.00 
     $10,450,000.00 

$596,137.50

$594,231.25

$597,081.25

$594,400.00

$596,175.00

$597,600.00

$593,762.50

$594,662.50

$595,212.50

$594,700.00

$593,100.00

$596,000.00

$593,400.00

$595,300.00

$591,700.00

$592,600.00

$592,900.00

$592,600.00

$591,700.00

$590,200.00

$593,000.00

$590,100.00

$591,500.00

$592,100.00

$591,900.00

$590,900.00

$589,100.00
 	$586,500.00 
 	$18,074,783.00 

Page 5

15-Dec-21	$10,255,000.00	3.250%	$198,106.25	$205,000.00
15-Jun-22	$10,050,000.00	3.250%	$194,775.00	$0.00	$597,881.25