Newfield
Community Development District

Proposed Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

PROPOSED BUDGET
NEWFIELD COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2022/2023
BUDGET	
O&M Assessments	0	
Developer Contribution	114,505	
Debt Assessments	0	
Interest Income	0	
		
TOTAL REVENUES	$	114,505	
		
EXPENDITURES		
Supervisor Fees	0	
Engineering/Inspections	15,000	
Management	37,080	
Legal	30,000	
Assessment Roll	6,000	
Audit Fees	5,000	
Arbitrage Rebate Fee	650	
Insurance	5,800	
Legal Advertisements	5,000	
Miscellaneous	1,000	
Postage	300	
Office Supplies	1,500	
Dues & Subscriptions	175	
Website Management	1,500	
Trustee Fees	4,500	
Continuing Disclosure Fee	1,000	
		
TOTAL EXPENDITURES	$	114,505	
		
REVENUES LESS EXPENDITURES	$	-	
		
Bond Payments	0	
		
BALANCE	$	-	
		
County Appraiser & Tax Collector Fee	0	
Discounts For Early Payments	0	
		
EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
NEWFIELD COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2020/2021 ACTUAL	
FISCAL YEAR 2021/2022 BUDGET	
FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	
O&M Assessments	0	0	0		
Developer Contribution	81,975	113,625	114,505	Developer Contribution	
Debt Assessments	0	0	0		
Interest Income	4	0	0		
					
TOTAL REVENUES	$	81,979	$	113,625	$	114,505		
					
EXPENDITURES					
Supervisor Fees	0	0	0		
Engineering/Inspections	4,456	15,000	15,000		
Management	24,000	36,000	37,080	CPI Increase (Capped At 3%)	
Legal	14,770	30,000	30,000		
Assessment Roll	0	6,000	6,000	Will Commence In Fiscal Year Following Issuing Of Bond	
Audit Fees	0	5,000	5,000	No Change From 2021/2022 Budget	
Arbitrage Rebate Fee	0	650	650	Will Commence In Fiscal Year Following Issuing Of Bond	
Insurance	3,260	6,000	5,800	Insurance Estimate	
Legal Advertisements	4,346	5,000	5,000		
Miscellaneous	161	1,000	1,000		
Postage	234	300	300		
Office Supplies	350	1,500	1,500		
Dues & Subscriptions	150	175	175	Annual Fee Due Department Of Economic Opportunity	
Website Management	1,000	1,500	1,500	12 Months X $125	
Trustee Fees	0	4,500	4,500	Will Commence In Fiscal Year Following Issuing Of Bond	
Continuing Disclosure Fee	0	1,000	1,000	Will Commence In Fiscal Year Following Issuing Of Bond	
					
TOTAL EXPENDITURES	$	52,726	$	113,625	$	114,505		
					
REVENUES LESS EXPENDITURES	$	29,253	$	-	$	-		
					
Bond Payments	0	0	0		
					
BALANCE	$	29,253	$	-	$	-		
					
County Appraiser & Tax Collector Fee	0	0	0		
Discounts For Early Payments	0	0	0		
					
EXCESS/ (SHORTFALL)	$	29,253	$	-	$	-