Woodlands Section 9	
Community Development District	

Adopted Budget	
FY 2024 & 2025	

Table of Contents

1		General Fund

2-3		Narratives

Woodlands Section 9	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	Adopted Budget	
Description	FY2024	FY2025	

REVENUES:

Developer Contributtions	$87,925	$87,925	

TOTAL REVENUES	$87,925	$87,925	

EXPENDITURES:

Administrative				
Engineering	$10,000	$10,000		
Attorney	12,000	12,000		
Annual Audit	5,000	5,000		
Assessment Administration	2,500	2,500		
Arbitrage Rebate	550	550	(1)	
Dissemination Agent	2,500	2,500	(1)	
Trustee Fees	5,000	5,000	(1)	
Management Fees	36,000	36,000		
Information Technology	1,000	1,000		
Website Maintenance	1,000	1,000		
Telephone	200	200		
Postage & Delivery	750	750		
Insurance General Liability	6,500	6,500		
Printing & Binding	1,000	1,000		
Legal Advertising	2,000	2,000		
Other Current Charges	750	750		
Dues, Licenses & Subscriptions	175	175		
Contingency	1,000	1,000		

TOTAL EXPENDITURES	$87,925	$87,925	

EXCESS REVENUES (EXPENDITURES)	$-	$-	
(1) Represents costs associated with the issuance of Bonds.

Woodlands Section 9	
Community Development District	
Budget Narrative	

REVENUES	

Developer Contributions	
The Develoer will entering into a Funding Agreement with the District to fund all expenditures for the fiscal year.	

Expenditures - Administrative	

Engineering	
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.	
Attorney	
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.	
Annual Audit	
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Assessment Roll Administration	
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
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.	
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. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Website Maintenance	
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.	
Telephone	
Conference calls for the CDD.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Insurance General Liability	
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 and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	

Woodlands Section 9	
Community Development District	
Budget Narrative	

Expenditures - Administrative (continued)	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to Florida Commerce for $175.	
Contingencies	
A contingency for any unanticipated and unscheduled cost to the District.