Adopted Budget
Fiscal Year 2023

Bartram Park Community Development District

July 27, 2022

Bartram Park
Community Development District

TABLE OF CONTENTS

General Fund
Budget	Page 1
Narrative	Page 2-3

Debt Service Fund
Series 2015A-1/A-2	Page 4
Amortization Schedule - 2015A-1	Page 5
Amortization Schedule - 2015A-2	Page 6

Series 2022	Page 7
Amortization Schedule - 2022	Page 8

Capital Reserve Fund
Budget	Page 9

Bartram Park
Community Development District	General Fund

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
Description	FY 2022	6/30/22	3 Months	9/30/22	FY 2023	

Revenues						
Special Assessments - On Roll	$129,495	$159,042	$0	$159,042	$129,495	
Interest	$0	$5	$2	$6	$0	
Carry Forward Surplus	$0	$0	$0	$0	$0	
TOTAL REVENUES	$129,495	$159,047	$2	$159,048	$129,495	

Expenditures						
Administrative
Supervisor Fees	
$4,800	
$3,400	
$2,000	
$5,400	
$4,800	
FICA Expense	$367	$260	$153	$413	$367	
Engineering	$8,500	$199	$301	$500	$8,500	
Assessment Roll	$7,500	$7,500	$0	$7,500	$7,500	
Arbitrage	$1,200	$600	$600	$1,200	$1,200	
Dissemination	$3,500	$2,625	$875	$3,500	$3,500	
Attorney	$20,000	$5,062	$4,938	$10,000	$20,000	
Annual Audit	$3,400	$3,500	$0	$3,500	$3,600	
Trustee Fees	$18,000	$10,000	$8,000	$18,000	$18,000	
Management Fees	$41,600	$31,200	$10,400	$41,600	$45,000	
Computer Time	$1,250	$938	$312	$1,250	$1,450	
Website Compliance	$700	$525	$175	$700	$900	
Telephone	$150	$134	$43	$177	$180	
Postage	$600	$169	$231	$400	$600	
Printing & Binding	$1,000	$464	$536	$1,000	$1,000	
Insurance	$6,646	$7,331	$0	$7,331	$8,797	
Legal Advertising	$800	$723	$242	$965	$800	
Other Current Charges	$1,400	$300	$300	$600	$1,400	
Office Supplies	$100	$38	$20	$58	$100	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Operating Reserves/Capital Reserves-Transfer out	$7,807	$60,000	$0	$60,000	$1,626	
TOTAL EXPENDITURES	$129,495	$135,143	$29,126	$164,269	$129,495	

Other Sources/(Uses)						
Transfer In from 2012 Close Out	$0	$12,363	$0	$12,363	$0	
TOTAL OTHER SOURCES/(USES)	$0	$12,363	$0	$12,363	$0	
						
Assigned Fund Balance	$0	$36,267	($29,125)	$7,142	$0	

Per Unit Assessments			FY 2021
$33.75	FY 2022
$33.75	FY 2023
$33.75	

REVENUES:

BARTRAM PARK
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2023

Maintenance Assessments:
The District will Levy a non ad-valorem special assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year.
EXPENDITURES:
Administrative:

Engineering Fees
The District has contracted with England Thims and Miller to provide general engineering services to the District including attendance and preparation for board meetings, etc.

Assessment Roll
Governmental Management Services serves as the District’s collection agent and certifies the District’s non-ad valorem assessments with the county tax collector.

Arbitrage
The District is required to have an Arbitrage Rebate Calculation on the districts 2015 Special Assessment Bonds and 2022 Revenue Refunding Note. The district has contracted with Grau & Associates to provide these calculations for each bond issue.

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. The District is contracted with Governmental Management Services.

Attorney
Kutak Rock LLP is the District's legal counsel providing general legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and 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. The District has contracted with Grau and Associates to provide this service.

Trustee Fees
The District issued Series 2015 Special Assessment Bonds and 2012-1 thru 2012-5 Convertible Capital Appreciation Special Assessment Bonds which are held with a Trustee at BNY Mellon. The amount of the trustee fees is based on the agreement between BNY Mellon and the District for each bond issue.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services. These services are further outlined in Exhibit "A" of the Management Agreement.

Computer Time

BARTRAM PARK
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2023

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc. contracted with Governmental Management Services.

Website Maintenance
Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc. contracted with Governmental Management Services.

Telephone
Telephone and fax machine.

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

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

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies.

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, amortization schedule fees, and any other miscellaneous expenses that are incurred during the year.

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.

Bartram Park
Community Development District	Debt Service Fund
Series 2015A-1/A-2

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
Description	FY 2022	6/30/22	3 Months	9/30/22	FY 2023	

Revenues						

Special Assessments	$1,395,346	
$1,310,735	
$0	
$1,310,735	
$1,305,910	
Interest Income	$100	$887	$1,242	$2,129	$100	
Carry Forward Surplus	$294,181	$299,439	$0	$299,439	$299,366	
TOTAL REVENUES	$1,689,627	$1,611,061	$1,242	$1,612,303	$1,605,376	

Expenditures						

Series 2015A-1											
Interest 11/1		$229,706		$229,706		$0		$229,706		$240,031	
Principal Prepayment - 11/1		$0		$0		$0		$0		$0	
Interest - 5/1		$229,706		$229,706		$0		$229,706		$220,531	
Principal - 5/1		$580,000		$580,000		$0		$580,000		$600,000	
Principal Prepayment - 5/1		$0		$5,000		$0		$5,000		$0	
Series 2015A-2											
Interest 11/1		$64,425		$64,263		$0		$64,263		$61,000	
Interest - 5/1		$64,425		$64,263		$0		$64,263		$61,000	
Principal - 5/1		$135,000		$135,000		$0		$135,000		$145,000	
Principal Prepayment - 5/1		$0		$5,000		$0		$5,000		$0	
TOTAL EXPENDITURES		$1,303,263		$1,312,938		$0		$1,312,938		$1,327,563	

Other Sources/(Uses)											
Interfund Transfer In/(Out)		$0		$0		$0		$0		$0	
TOTAL OTHER SOURCES/USES		$0		$0		$0		$0		$0	
											
EXCESS REVENUES		$386,365		$298,124		$1,242		$299,366		$277,813	

(1)

(1)  Carry forward surplus is net of the reserve requirement

Series 2015A-1 Interest - 11/1/23		$210,781 Series 2015A-2 Interest - 11/1/23			$57,738 
$268,519

FY 2023	
Net Assessments	$1,305,910	
Plus Collection Fees (7.5%)	$97,943	
Gross Assessments	$1,403,853	

Bartram Park	Amortization Schedule
Community Development District	Series 2015A-1, Special Assessment Revenue Refunding Bonds

DATE	BALANCE	RATE	PRINCIPAL		INTEREST		TOTAL	
								
11/01/22	$10,200,000.00		$0.00		$240,031.25		$240,031.25	
05/01/23	$10,200,000.00	3.250%	$600,000.00		$220,531.25			
11/01/23	$9,600,000.00		$0.00		$210,781.25		$1,031,312.50	
05/01/24	$9,600,000.00	4.250%	$625,000.00		$210,781.25			
11/01/24	$8,975,000.00		$0.00		$197,500.00		$1,033,281.25	
05/01/25	$8,975,000.00	4.250%	$650,000.00		$197,500.00			
11/01/25	$8,325,000.00		$0.00		$183,687.50		$1,031,187.50	
05/01/26	$8,325,000.00	4.250%	$680,000.00		$183,687.50			
11/01/26	$7,645,000.00		$0.00		$169,237.50		$1,032,925.00	
05/01/27	$7,645,000.00	4.250%	$710,000.00		$169,237.50			
11/01/27	$6,935,000.00		$0.00		$154,150.00		$1,033,387.50	
05/01/28	$6,935,000.00	4.250%	$740,000.00		$154,150.00			
11/01/28	$6,195,000.00		$0.00		$138,425.00		$1,032,575.00	
05/01/29	$6,195,000.00	4.250%	$770,000.00		$138,425.00			
11/01/29	$5,425,000.00		$0.00		$122,062.50		$1,030,487.50	
05/01/30	$5,425,000.00	4.500%	$805,000.00		$122,062.50			
11/01/30	$4,620,000.00		$0.00		$103,950.00		$1,031,012.50	
05/01/31	$4,620,000.00	4.500%	$845,000.00		$103,950.00			
11/01/31	$3,775,000.00		$0.00		$84,937.50		$1,033,887.50	
05/01/32	$3,775,000.00	4.500%	$880,000.00		$84,937.50			
11/01/32	$2,895,000.00		$0.00		$65,137.50		$1,030,075.00	
05/01/33	$2,895,000.00	4.500%	$920,000.00		$65,137.50			
11/01/33	$1,975,000.00		$0.00		$44,437.50		$1,029,575.00	
05/01/34	$1,975,000.00	4.500%	$965,000.00		$44,437.50			
11/01/34	$1,010,000.00		$0.00		$22,725.00		$1,032,162.50	
05/01/35	$1,010,000.00	4.500%	$1,010,000.00		$22,725.00		$1,032,725.00	
	TOTAL					$10,200,000.00 			$3,454,625.00 			$13,654,625.00 	

Bartram Park	Amortization Schedule
Community Development District	Series 2015A-2, Special Assessment Revenue Refunding Bonds

DATE	BALANCE	RATE	PRINCIPAL		INTEREST		TOTAL	
								
11/01/22	$2,500,000.00	4.50%	$0.00		$61,000.00		$61,000.00	
05/01/23	$2,500,000.00	4.50%	$145,000.00		$61,000.00			
11/01/23	$2,355,000.00	4.50%	$0.00		$57,737.50		$263,737.50	
05/01/24	$2,355,000.00	4.50%	$150,000.00		$57,737.50			
11/01/24	$2,205,000.00	4.50%	$0.00		$54,362.50		$262,100.00	
05/01/25	$2,205,000.00	4.50%	$155,000.00		$54,362.50			
11/01/25	$2,050,000.00	4.50%	$0.00		$50,875.00		$260,237.50	
05/01/26	$2,050,000.00	5.00%	$160,000.00		$50,875.00			
11/01/26	$1,890,000.00	5.00%	$0.00		$46,875.00		$257,750.00	
05/01/27	$1,890,000.00	5.00%	$170,000.00		$46,875.00			
11/01/27	$1,720,000.00	5.00%	$0.00		$42,625.00		$259,500.00	
05/01/28	$1,720,000.00	5.00%	$180,000.00		$42,625.00			
11/01/28	$1,540,000.00	5.00%	$0.00		$38,125.00		$260,750.00	
05/01/29	$1,540,000.00	5.00%	$185,000.00		$38,125.00			
11/01/29	$1,355,000.00	5.00%	$0.00		$33,500.00		$256,625.00	
05/01/30	$1,355,000.00	5.00%	$195,000.00		$33,500.00			
11/01/30	$1,160,000.00	5.00%	$0.00		$28,625.00		$257,125.00	
05/01/31	$1,160,000.00	5.00%	$205,000.00		$28,625.00			
11/01/31	$955,000.00	5.00%	$0.00		$23,500.00		$257,125.00	
05/01/32	$955,000.00	5.00%	$215,000.00		$23,500.00			
11/01/32	$740,000.00	5.00%	$0.00		$18,125.00		$256,625.00	
05/01/33	$740,000.00	5.00%	$230,000.00		$18,125.00			
11/01/33	$510,000.00	5.00%	$0.00		$12,375.00		$260,500.00	
05/01/34	$510,000.00	5.00%	$240,000.00		$12,375.00			
11/01/34	$270,000.00	5.00%	$0.00		$6,375.00		$258,750.00	
05/01/35	$270,000.00	5.00%	$255,000.00		$6,375.00		$261,375.00	
	TOTAL					$2,485,000.00 			$948,200.00 			$3,433,200.00 	

Bartram Park
Community Development District	Debt Service Fund
Series 2022 Note

	Proposed
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
Description	FY 2022	6/30/22	3 Months	9/30/22	FY 2023	

Revenues						

Special Assessments	$0	
$0	
$0	
$0	
$1,046,460	
Interest Income	$550	$187	$369	$556	$0	
(1)  Carry Forward Surplus	$0	$0	$0	$0	$223,765	
TOTAL REVENUES	$550	$187	$369	$556	$1,270,225	

Expenditures									
Interest 11/1	$0		$0		$0	$0		$223,765	
Interest - 5/1	$0		$0		$0	$0		$178,220	
Principal - 5/1	$0		$0		$0	$0		$695,000	
TOTAL EXPENDITURES	$0		$0		$0	$0		$1,096,985	

Other Sources/(Uses)									
Interfund Transfer In/(Out)	$223,765		$223,765		$0	$223,765		$0	
Transfer Out to Global Proceeds Escrow	($12,129,964)		($12,129,964)		$0	($12,129,964)		$0	
Bonds Proceeds	$12,730,000		$12,730,000		$0	$12,730,000		$0	
Cost of Issuance	($319,045)		($319,045)		$0	($319,045)		$0	
TOTAL OTHER SOURCES/USES	$504,756		$504,756		$0	$504,756		$0	

			
EXCESS REVENUES	$505,306		$504,943		$369	$505,312		$173,240	

(1)  Carry forward surplus is net of the reserve requirement						

Series 2022 Interest - 11/1/23		

$168,490	

Net Assessments	FY 2023
$1,046,460	
Plus Collection Fees (7.5%)	$78,485	
Gross Assessments	$1,124,945	

Bartram Park	Amortization Schedule
Community Development District				Series 2022, Revenue Refunding Note DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL
11/01/22	$12,730,000.00	2.80%	$0.00		$223,765.11		$223,765.11	
05/01/23	$12,730,000.00	2.80%	$695,000.00		$178,220.00			
11/01/23	$12,035,000.00	2.80%	$0.00		$168,490.00		$1,041,710.00	
05/01/24	$12,035,000.00	2.80%	$715,000.00		$168,490.00			
11/01/24	$11,320,000.00	2.80%	$0.00		$158,480.00		$1,041,970.00	
05/01/25	$11,320,000.00	2.80%	$735,000.00		$158,480.00			
11/01/25	$10,585,000.00	2.80%	$0.00		$148,190.00		$1,041,670.00	
05/01/26	$10,585,000.00	2.80%	$755,000.00		$148,190.00			
11/01/26	$9,830,000.00	2.80%	$0.00		$137,620.00		$1,040,810.00	
05/01/27	$9,830,000.00	2.80%	$775,000.00		$137,620.00			
11/01/27	$9,055,000.00	2.80%	$0.00		$126,770.00		$1,039,390.00	
05/01/28	$9,055,000.00	2.80%	$800,000.00		$126,770.00			
11/01/28	$8,255,000.00	2.80%	$0.00		$115,570.00		$1,042,340.00	
05/01/29	$8,255,000.00	2.80%	$820,000.00		$115,570.00			
11/01/29	$7,435,000.00	2.80%	$0.00		$104,090.00		$1,039,660.00	
05/01/30	$7,435,000.00	2.80%	$840,000.00		$104,090.00			
11/01/30	$6,595,000.00	2.80%	$0.00		$92,330.00		$1,036,420.00	
05/01/31	$6,595,000.00	2.80%	$865,000.00		$92,330.00			
11/01/31	$5,730,000.00	2.80%	$0.00		$80,220.00		$1,037,550.00	
05/01/32	$5,730,000.00	2.80%	$895,000.00		$80,220.00			
11/01/32	$4,835,000.00	2.80%	$0.00		$67,690.00		$1,042,910.00	
05/01/33	$4,835,000.00	2.80%	$915,000.00		$67,690.00			
11/01/33	$3,920,000.00	2.80%	$0.00		$54,880.00		$1,037,570.00	
05/01/34	$3,920,000.00	2.80%	$950,000.00		$54,880.00			
11/01/34	$2,970,000.00	2.80%	$0.00		$41,580.00		$1,046,460.00	
05/01/35	$2,970,000.00	2.80%	$965,000.00		$41,580.00			
11/01/35	$2,005,000.00	2.80%	$0.00		$28,070.00		$1,034,650.00	
05/01/36	$2,005,000.00	2.80%	$990,000.00		$28,070.00			
11/01/36	$1,015,000.00	2.80%	$0.00		$14,210.00		$1,032,280.00	
05/01/37	$1,015,000.00	2.80%	$1,015,000.00		$14,210.00			
11/01/37							$1,029,210.00	
	TOTAL					$12,730,000.00 			$3,078,365.11 			$15,808,365.11 	

Bartram Park
Community Development District	Capital Reserve Fund

	Adopted Budget	Actual Thru	Projected Next	Total Projected	Adopted Budget	
Description	FY 2022	6/30/22	3 Months	9/30/22	FY 2023	

REVENUES:						
Capital Reserve - Transfer In	$	60,000	$	60,000	$	-	$	60,000	$	1,626	
Interest	$	-	$	-	$	-	$	-	$	-	
Carry Forward Surplus	$	-	$	-	$	-	$	-	$	59,635	
Total Revenues	$	60,000	$	60,000	$	-	$	60,000	$	61,261	

EXPENDITURES:						
Capital Outlay	$	-	$	-	$	-	$	-	$	-	
Repair and Replacements	$	-	$	-	$	-	$	-	$	-	
Other Current Charges	$	420	$	260	$	105	$	365	$	420	
Total Expenditures	$	420	$	260	$	105	$	365	$	420	
						
EXCESS REVENUES / (EXPENDITURES)	$	59,580	$	59,740	$	(105)	$	59,635	$	60,841