Adopted Budget	
Fiscal Year 2023	

Enclave at Black Point Marina	
Community Development District	

May 12, 2022

Enclave at Black Point Marina	
Community Development District	

TABLE OF CONTENTS

General Fund	
Budget	
Budget Narrative	

Page 1	
Page 2-4	

Debt Service Fund

Budget	
Series 2007A Amortization Schedule	

Page 5	
Page 6	

Enclave at Black Point Marina

Adopted	
FY2022	
 	Budget		

Actual	
thru	
 	3/31/2022		

Projected	
Next	
 	6 Months		

Total	
Projected at	
 	9/30/2022		

Adopted	
FY2023	
 	Budget		

Community Development District	General Fund

 Description	

Revenues

Maintenance Assessments	
Assigned Fund Balance	

$214,320	
$50,971	

$209,701	
$92,906	

$4,619	
$0	

$214,320	
$92,906	

$214,320	
$59,329	

Total Revenues	 	$265,291	 	$302,607	 	$4,619	 	$307,226	 	$273,649 

Expenditures	
Administrative	
Supervisor Fees	
FICA Taxes	
Engineering	
Arbitrage	
Dissemination	
Attorney	
Annual Audit	
Trustee Fees	
Management Fees	
Computer Time	
Telephone	
Postage	
Meeting Room Rental	
Insurance	
Printing & Binding	
Legal Advertising	
Other Current Charges	
Website Compliance	
Office Supplies	
Dues, Licenses & Subscriptions	
Capital Outlay	
Administrative Expenses	

	
$6,000	
$459	
$5,000	
$600	
$2,500	
$20,000	
$3,300	
$5,000	
$34,004	
$1,000	
$150	
$500	
$360	
$8,000	
$1,000	
$1,000	
$500	
$1,000	
$500	
$175	
 	$250	
 	$91,298 	

	
$2,800	$3,000	$5,800	
$214	$230	$444	
$0	$3,000	$3,000	
$0	$550	$550	
$1,250	$1,250	$2,500	
$6,329	$8,861	$15,190	
$1,400	$2,000	$3,400	
$2,000	$3,000	$5,000	
$17,000	$17,000	$34,000	
$500	$500	$1,000	
$0	$50	$50	
$27	$54	$81	
$0	$250	$250	
$7,533	$0	$7,533	
$210	$294	$504	
$198	$595	$794	
$209	$293	$502	
$500	$500	$1,000	
$45	$135	$180	
$175	$0	$175	
 	$0  	 		$250  	 		$250 	
 	$40,390  	 		$41,811  	 		$82,201 	

	
$6,000	
$459	
$5,000	
$0	
$2,500	
$20,000	
$5,000	
$5,000	
$35,704	
$1,000	
$150	
$500	
$360	
$9,040	
$750	
$1,000	
$500	
$1,000	
$500	
$175	
 	$250	
 	$94,888 	

Field	
Field Manager	
Security	
Internet	
Virtual Guard Monitoring	
Landscape Maintenance	
Landscape Replacement	
Lake/Canal Maintenance	
Fountains Maintenance	
Repairs & Maintenance	
Irrigation Repairs	
Pressure Washing	
Porter Service	
Capital Outlay/Fountain Replacement	
Contingency	
Property Insurance	
Field Expenses	

$12,000	
$24,000	
$1,800	
$10,000	
$30,000	
$20,000	
$10,000	
$7,500	
$7,000	
$5,000	
$5,000	
$15,360	
$20,000	
$6,333	
 	$0	
 	$173,993 	

$6,000	
$13,139	
$695	
$0	
$14,905	
$0	
$1,752	
$1,576	
$0	
$1,405	
$3,800	
$7,680	
$0	
$5,940	
 	$711 	
 	$57,603 

$97,993	

$6,000	
$13,139	
$695	
$5,640	
$14,905	
$20,000	
$5,256	
$4,684	
$4,000	
$1,405	
$1,200	
$7,680	
$20,000	
$4,200	
 	$0 	
 	$108,804 

$150,615	

$12,000	
$26,278	
$1,390	
$5,640	
$29,810	
$20,000	
$7,008	
$6,260	
$4,000	
$2,810	
$5,000	
$15,360	
$20,000	
$10,140	
 	$711 	
 	$165,696 

$247,897	

$12,600	
$24,000	
$1,800	
$9,500	
$30,000	
$20,000	
$10,000	
$7,500	
$5,000	
$5,000	
$5,000	
$15,360	
$20,000	
$12,000	
 	$1,000	
 	$178,760 

$273,648	

 	FY2021		
240	
$720	
 	$172,800 	
 	($8,640)	
 	$164,160 	

 	FY2022		
240	
$940	
 	$225,600 	
 	($11,280)	
$214,320	

 	FY2023		
240	
$940	
 	$225,600 	
 	($11,280)	
$214,320	

# Units	
Gross Assessments per Unit	
Total Gross Assessments	
Less: 6% Discount/Collections	
Net Assessments	

Total Expenditures	 	$265,291 

Unassigned Fund Balance	 	$0	$204,614	($145,996)	$59,329	$0

Page 1

Enclave at Black Point Marina
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 the operating expenses for the Fiscal Year in accordance with the adopted budget. The proposed assessment for Operations and Maintenance is $940 per unit.

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

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.

Attorney

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. The District has contracted with Billing, Cochran, Heath, Lyles, Mauro & Anderson, PA. for these services.

Annual Audit

The District is required to annually conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The fee is based on similar Community Development Districts.

Trustee Fees

The District issued Series 2017 bonds which are held by Wells Fargo Bank NA as trustee. The amount of the fees is based on the agreement between Trustee and the District.

Management Fees

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

Computer Time

The District processes all its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.

Telephone

Telephone and fax machine

Postage

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

Enclave at Black Point Marina
Community Development District	General Fund Budget

Administrative: (continued) Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Preferred Governmental Insurance Trust. PGIT 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 Compliance

Per Section 189.069 F.S., 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 as required by the Statute.

Office Supplies

Miscellaneous office supplies.

Dues, Licenses & Subscriptions

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

Capital Outlay

Represents any minor capital expenditures the District may need to make during the Fiscal Year such as a file cabinet for District files.

Field:

Field Manager

The supervision and on-site management of the District. The responsibilities include reviewing contracts and other maintenance related items.

Security

The District will have Off-Duty Miami-Dade Police conducting paroles of the community.

Landscape Maintenance

The District has contracted Tony’s Nursery & Garden for the monthly maintenance of common areas.

Landscape Replacement

The cost associated with any replacement of landscaping during the year.

Enclave at Black Point Marina
Community Development District	General Fund Budget

Field: (continued) Lake/Canal Maintenance
The District has contracted with The Lake Doctors for the monthly maintenance of the three (3) District lakes and canal.

Fountains

The District has contracted with The Lake Doctors for repairs and maintenance of the District fountains.

Repairs & Maintenance

Any miscellaneous repairs not included in another budget line item.

Porter Services

The District has contracted with Tony’s Nursery & Garden for these services.

Contingency

Represents any unforeseen expenditures the District may incur during the Fiscal Year.

Enclave at Black Point Marina	
Community Development District	

Debt Service Fund
Series 2017

Adopted	
FY2022	
 	Budget		

Actual	
thru	
 	3/31/2022		

Projected	
Next	
 	6 Months		

Total	
Projected at	
 	9/30/2022		

Adopted	
FY2023	
 	Budget		

 Description	

REVENUES:	
(1) Carry Forward Surplus - A	
Interest Income - A	
Special Assessments - A	

$100,069	
$0	
$227,026	

$118,892	
$15	
$224,426	

$0	
$10	
$2,600	

$118,892	
$25	
$227,026	

$123,681	
$0	
$227,026	

TOTAL REVENUES	 	$327,095	 	$343,333	 	$2,610	 	$345,943	 	$350,706 

EXPENDITURES:

Series 2017	
Interest - 11/1	
Interest - 5/1	
Principal - 5/1	

$48,631	
$48,631	
$125,000	

$48,631	
$0	
$0	

$0	
$48,631	
$125,000	

$48,631	
$48,631	
$125,000	

$46,756	
$46,756	
$130,000	

TOTAL EXPENDITURES	 	$222,263 		 	$48,631 		 	$173,631 	 	$222,263 		 	$223,513 	
EXCESS REVENUES	 	$104,833 		$294,702		
	
		$127,194	
					
Interest	
Payment A - 11/1/23		
$44,806	

(1)	Carry Forward Surplus is net of Reserve Fund.	

($171,021)		$123,681	

 	FY2021		 	FY2022		 	FY2023	

# Units	
Gross Assessments per Unit	
Total Gross Assessments	
Less: 6% Discount/Collections	
Net Assessments	

240	
$1,006	
 	$241,517 	
 	($14,491)	
 	$227,026 	

240	
$1,006	
 	$241,517 	
 	($14,491)	
$227,026	

240	
$1,006	
 	$241,517 	
 	($14,491)	
$227,026	

Enclave at Black Point Marina	
Community Development District	

	
Series 2017, Special Assessment Refunding and Improvement Bonds	
Amortization Schedule	

PRINCIPAL	
 	BALANCE		

 	DATE		 	INTEREST		 	PRINCIPAL		 	TOTAL	

1-Nov-17	$3,085,000.00	$37,222.71	$0.00	
1-May-18	$3,085,000.00	$54,918.75	$110,000.00	$202,141.46	
1-Nov-18	$2,975,000.00	$53,956.25	$0.00	
1-May-19	$2,975,000.00	$53,956.25	$115,000.00	$222,912.50	
1-Nov-19	$2,860,000.00	$52,231.25	$0.00	
1-May-20	$2,860,000.00	$52,231.25	$120,000.00	$224,462.50	
1-Nov-20	$2,740,000.00	$50,431.25	$0.00	
1-May-21	$2,740,000.00	$50,431.25	$120,000.00	$220,862.50	
1-Nov-21	$2,620,000.00	$48,631.25	$0.00	
1-May-22	$2,620,000.00	$48,631.25	$125,000.00	$222,262.50	
1-Nov-22	$2,495,000.00	$46,756.25	$0.00	
1-May-23	$2,495,000.00	$46,756.25	$130,000.00	$223,512.50	
1-Nov-23	$2,365,000.00	$44,806.25	$0.00	
1-May-24	$2,365,000.00	$44,806.25	$130,000.00	$219,612.50	
1-Nov-24	$2,235,000.00	$42,856.25	$0.00	
1-May-25	$2,235,000.00	$42,856.25	$135,000.00	$220,712.50	
1-Nov-25	$2,100,000.00	$40,662.50	$0.00	
1-May-26	$2,100,000.00	$40,662.50	$140,000.00	$221,325.00	
1-Nov-26	$1,960,000.00	$38,212.50	$0.00	
1-May-27	$1,960,000.00	$38,212.50	$145,000.00	$221,425.00	
1-Nov-27	$1,815,000.00	$35,493.75	$0.00	
1-May-28	$1,815,000.00	$35,493.75	$150,000.00	$220,987.50	
1-Nov-28	$1,665,000.00	$32,681.25	$0.00	
1-May-29	$1,665,000.00	$32,681.25	$160,000.00	$225,362.50	
1-Nov-29	$1,505,000.00	$29,681.25	$0.00	
1-May-30	$1,505,000.00	$29,681.25	$165,000.00	$224,362.50	
1-Nov-30	$1,340,000.00	$26,587.50	$0.00	
1-May-31	$1,340,000.00	$26,587.50	$170,000.00	$223,175.00	
1-Nov-31	$1,170,000.00	$23,400.00	$0.00	
1-May-32	$1,170,000.00	$23,400.00	$175,000.00	$221,800.00	
1-Nov-32	$995,000.00	$19,900.00	$0.00	
1-May-33	$995,000.00	$19,900.00	$185,000.00	$224,800.00	
1-Nov-33	$810,000.00	$16,200.00	$0.00	
1-May-34	$810,000.00	$16,200.00	$190,000.00	$222,400.00	
1-Nov-35	$620,000.00	$12,400.00	$0.00	
1-May-35	$620,000.00	$12,400.00	$200,000.00	$224,800.00	
1-Nov-35	$420,000.00	$8,400.00	$0.00	
1-May-36	$420,000.00	$8,400.00	$205,000.00	$221,800.00	
1-Nov-36	$215,000.00	$4,300.00	$0.00	
1-May-37	$215,000.00	$4,300.00	$215,000.00	$223,600.00	

 	$1,347,316.46	 	$3,085,000.00	 	$4,432,316.46