Adopted Budget	
Fiscal Year 2023	

Campo Bello	
Community Development District	

August 19, 2022

Campo Bello	
Community Development District	

TABLE OF CONTENTS

General Fund	
Budget	
Narrative	

Page 1	
Page 2-3	

Debt Service Fund	
Series 2019	
Budget	
Amortization Schedule - 2019	

Page 4	
Page 5	

Campo Bello	
Community Development District	

General Fund

FY2022	
Adopted	
	Budget		

Actual	
thru	
 7/31/2022 	

Projected	
Next	
  2 Months		

Total	
Projected at	
 9/30/2022 	

FY2023	
Adopted	
	Budget		

Revenues	
Maintenance Assessments	

 Description	

$132,818	$140,432	$0	$140,432	$132,818

Total Revenues		$132,818 	 $140,432 		$0 	  $140,432 		$132,818 

Expenditures

Administrative

Engineering Fees	
Arbitrage	
Dissemination Agent	
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	
$600	
$2,500	
$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	

$0	
$550	
$2,083	
$4,000	
$4,421	
$3,500	
$4,041	
$30,000	
$0	
$35	
$5,435	
$84	
$302	
$423	
$833	
$0	
$175	
$0	

$5,000	
$0	
$595	
$0	
$10,579	
$0	
$0	
$6,000	
$50	
$250	
$0	
$350	
$750	
$211	
$167	
$150	
$0	
$0	

$5,000	
$550	
$2,679	
$4,000	
$15,000	
$3,500	
$4,041	
$36,000	
$50	
$285	
$5,435	
$434	
$1,052	
$634	
$1,000	
$150	
$175	
$0	

$12,000	
$550	
$2,500	
$4,000	
$15,000	
$3,600	
$4,041	
$38,880	
$50	
$500	
$6,114	
$500	
$2,500	
$1,000	
$1,000	
$150	
$175	
$0	

Total Administrative		$115,260 			$55,881 			$24,102 			$79,984 			$92,560 	
Field										
Contingency	$17,558		$0		$17,558		$17,558		$40,258	
Total Field		$17,558 			$0 			$17,558 			$17,558 			$40,258 	
Total Expenditures		$132,818 			$55,881 			$41,660 			$97,541 			$132,818 	
Assigned Fund Balance		$0 			$84,550 			($41,660)			$42,891 			($0)	

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

Main Site
Single Family	30	$	272.73
Twin Home	440	$	272.73
Sub-Total	470
Annex
Single Family	1	$	272.73
Twin Home	16	$	272.73
Sub-Total	17
Totals	487
Less: Discounts/Co	Per Unit	Total	

$	287.08	

$	8,612.40	
	$	287.08	$	126,315.20	
		$	134,927.60	
	$	287.08	$	287.08	
	$	287.08	$	4,593.28	
		$	4,880.36	
		$	139,807.96	
	mmissions (5%)	$	(6,990.40)	
		$	132,817.56	

	

	

	

	

	

	

	

	

	

Page 1

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

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.

	

	

	

	

Campo Bello	
Community Development District	

 	
Debt Service Fund	
Series 2019 Special Assessment Bond	

FY2022	
Adopted	
	Budget		

Actual	
thru	
  7/31/2022 	

Projected	
Next	
 2 Months 	

Total	
Projected at	
 9/30/2022 	

FY2023	
Adopted	
	Budget		

 Description	

Revenues	
Special Assessments	
Interest Income	
Carry Forward Surplus (1)	

$608,797	
$0	
$421,123	

$643,860	
$647	
$421,416	

$0	
$100	
$0	

$643,860	
$747	
$421,416	

$608,797	
$0	
$468,130	

Total Revenues	  $1,029,920 	 $1,065,923 		$100 	 $1,066,023 		$1,076,927 

Expenditures

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

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

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

$0	
$0	
$0	

$194,775	
$210,000	
$191,363	

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

Total Expenditures		$597,881 			$597,881 			$0 			$597,881 			$596,138 	
Other Financing Sources/(Uses)										

Interfund Transfer Out	
$0		
($12)		
$0		
($12)		
$0	
Total Other Financing Sources/(		$0 			($12)			$0 			($12)			$0 	
EXCESS REVENUES		$432,039 			$468,030 			$100 			$468,130 			$480,790 	

12/15/23 Interest	
12/15/23 Principal	

$	191,363	
$	215,000	
$	406,363	

	

	

	

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

Annual Net	Annual Gross*	Annual Gross* Debt Assessment
	Total	

$	48,347.40
 $	570,147.60 
$	618,495.00

$	1,611.58
 $	20,732.64 
$	22,344.22	
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%)		
	$	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	$10,450,000.00	3.250%	$72,683.00	$0.00	
15-Jun-20	$10,450,000.00	3.250%	$201,275.00	$0.00	$273,958.00	
15-Dec-20	$10,450,000.00	3.250%	$201,275.00	$195,000.00	
15-Jun-21	$10,255,000.00	3.250%	$198,106.25	$0.00	$594,381.25	
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	
15-Dec-22	$10,050,000.00	3.250%	$194,775.00	$210,000.00	
15-Jun-23	$9,840,000.00	3.250%	$191,362.50	$0.00	$596,137.50	
15-Dec-23	$9,840,000.00	3.250%	$191,362.50	$215,000.00	
15-Jun-24	$9,625,000.00	3.250%	$187,868.75	$0.00	$594,231.25	
15-Dec-24	$9,625,000.00	3.250%	$187,868.75	$225,000.00	
15-Jun-25	$9,400,000.00	3.500%	$184,212.50	$0.00	$597,081.25	
15-Dec-25	$9,400,000.00	3.500%	$184,212.50	$230,000.00	
15-Jun-26	$9,170,000.00	3.500%	$180,187.50	$0.00	$594,400.00	
15-Dec-26	$9,170,000.00	3.500%	$180,187.50	$240,000.00	
15-Jun-27	$8,930,000.00	3.500%	$175,987.50	$0.00	$596,175.00	
15-Dec-27	$8,930,000.00	3.500%	$175,987.50	$250,000.00	
15-Jun-28	$8,680,000.00	3.500%	$171,612.50	$0.00	$597,600.00	
15-Dec-28	$8,680,000.00	3.500%	$171,612.50	$255,000.00	
15-Jun-29	$8,425,000.00	3.500%	$167,150.00	$0.00	$593,762.50	
15-Dec-29	$8,425,000.00	3.500%	$167,150.00	$265,000.00	
15-Jun-30	$8,160,000.00	3.500%	$162,512.50	$0.00	$594,662.50	
15-Dec-30	$8,160,000.00	3.500%	$162,512.50	$275,000.00	
15-Jun-31	$7,885,000.00	4.000%	$157,700.00	$0.00	$595,212.50	
15-Dec-31	$7,885,000.00	4.000%	$157,700.00	$285,000.00	
15-Jun-32	$7,600,000.00	4.000%	$152,000.00	$0.00	$594,700.00	
15-Dec-32	$7,600,000.00	4.000%	$152,000.00	$295,000.00	
15-Jun-33	$7,305,000.00	4.000%	$146,100.00	$0.00	$593,100.00	
15-Dec-33	$7,305,000.00	4.000%	$146,100.00	$310,000.00	
15-Jun-34	$6,995,000.00	4.000%	$139,900.00	$0.00	$596,000.00	
15-Dec-34	$6,995,000.00	4.000%	$139,900.00	$320,000.00	
15-Jun-35	$6,675,000.00	4.000%	$133,500.00	$0.00	$593,400.00	
15-Dec-35	$6,675,000.00	4.000%	$133,500.00	$335,000.00	
15-Jun-36	$6,340,000.00	4.000%	$126,800.00	$0.00	$595,300.00	
15-Dec-36	$6,340,000.00	4.000%	$126,800.00	$345,000.00	
15-Jun-37	$5,995,000.00	4.000%	$119,900.00	$0.00	$591,700.00	
15-Dec-37	$5,995,000.00	4.000%	$119,900.00	$360,000.00	
15-May-38	$5,635,000.00	4.000%	$112,700.00	$0.00	$592,600.00	
15-Dec-38	$5,635,000.00	4.000%	$112,700.00	$375,000.00	
15-Jun-39	$5,260,000.00	4.000%	$105,200.00	$0.00	$592,900.00	
15-Dec-39	$5,260,000.00	4.000%	$105,200.00	$390,000.00	
15-Jun-40	$4,870,000.00	4.000%	$97,400.00	$0.00	$592,600.00	
15-Dec-40	$4,870,000.00	4.000%	$97,400.00	$405,000.00	
15-Jun-41	$4,465,000.00	4.000%	$89,300.00	$0.00	$591,700.00	
15-Dec-41	$4,465,000.00	4.000%	$89,300.00	$420,000.00	
15-Jun-42	$4,045,000.00	4.000%	$80,900.00	$0.00	$590,200.00	
15-Dec-42	$4,045,000.00	4.000%	$80,900.00	$440,000.00	
15-Jun-43	$3,605,000.00	4.000%	$72,100.00	$0.00	$593,000.00	
15-Dec-43	$3,605,000.00	4.000%	$72,100.00	$455,000.00	
15-Jun-44	$3,150,000.00	4.000%	$63,000.00	$0.00	$590,100.00	
15-Dec-44	$3,150,000.00	4.000%	$63,000.00	$475,000.00	
15-Jun-45	$2,675,000.00	4.000%	$53,500.00	$0.00	$591,500.00	
15-Dec-45	$2,675,000.00	4.000%	$53,500.00	$495,000.00	
15-Jun-46	$2,180,000.00	4.000%	$43,600.00	$0.00	$592,100.00	
15-Dec-46	$2,180,000.00	4.000%	$43,600.00	$515,000.00	
15-Jun-47	$1,665,000.00	4.000%	$33,300.00	$0.00	$591,900.00	
15-Dec-47	$1,665,000.00	4.000%	$33,300.00	$535,000.00	
15-Jun-48	$1,130,000.00	4.000%	$22,600.00	$0.00	$590,900.00	
15-Dec-48	$1,130,000.00	4.000%	$22,600.00	$555,000.00	
15-Jun-49	$575,000.00	4.000%	$11,500.00	$0.00	$589,100.00	
15-Dec-49	$575,000.00	 4.000% 		$11,500.00		$575,000.00		$586,500.00	
 Total 		$7,624,783.00	 $10,450,000.00		$18,074,783.00