Newfield
Community Development District

Proposed Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

PROPOSED BUDGET
NEWFIELD COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025 BUDGET	
O&M Assessments	0	
Developer Contribution	122,839	
Debt Assessments	0	
Interest Income	360	
		
TOTAL REVENUES	$	123,199	
		
EXPENDITURES		
Supervisor Fees	0	
Engineering/Inspections	15,000	
Miscellaneous Maintenance	5,000	
Management	39,324	
Legal	30,000	
Assessment Roll	6,000	
Audit Fees	5,000	
Arbitrage Rebate Fee	650	
Insurance	7,250	
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	$	123,199	
		
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 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	
O&M Assessments	0	0	0		
Developer Contribution	114,211	120,609	122,839	Developer Contribution	
Debt Assessments	0	0	0		
Interest Income	512	0	360	Estimated At $30 Per Month	
					
TOTAL REVENUES	$	114,723	$	120,609	$	123,199		
					
EXPENDITURES					
Supervisor Fees	0	0	0		
Engineering/Inspections	13,654	15,000	15,000		
Miscellaneous Maintenance	0	5,000	5,000	Miscellaneous Maintenance	
Management	37,080	38,184	39,324	CPI Increase (Capped At 3%)	
Legal	23,475	30,000	30,000		
Assessment Roll	0	6,000	6,000	Will Commence In Fiscal Year Of Bond Issuance	
Audit Fees	3,300	5,000	5,000	Price Will Increase Following Bond Issuance	
Arbitrage Rebate Fee	0	650	650	Will Commence In Fiscal Year Following Issuing Of Bond	
Insurance	5,375	5,800	7,250	FY 23/24 Expenditure Was $6,594	
Legal Advertisements	2,793	5,000	5,000		
Miscellaneous	298	1,000	1,000		
Postage	61	300	300		
Office Supplies	588	1,500	1,500		
Dues & Subscriptions	175	175	175	Annual Fee Due Department Of Economic Opportunity	
Website Management	1,500	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	$	88,299	$	120,609	$	123,199		
					
REVENUES LESS EXPENDITURES	$	26,424	$	-	$	-		
					
Bond Payments	0	0	0		
					
BALANCE	$	26,424	$	-	$	-		
					
County Appraiser & Tax Collector Fee	0	0	0		
Discounts For Early Payments	0	0	0		
					
EXCESS/ (SHORTFALL)	$	26,424	$	-	$	-