Adopted Budget
Fiscal Year 2022

Willow Creek Community Development District

August 6, 2021

Willow Creek
Community Development District

TABLE OF CONTENTS

General Fund Budget Narrative

Page 1
Page 2-5

Willow Creek
Community Development District

General Fund

Amended Budget
     FY 2021	

Actual Thru
    6/30/2021 

Projected for
    3 Months 

Total Projected
    9/30/2021 

 Description	

Revenues

Developer Contributions
Special Assessments-Direct Miscellaneous Revenues

$966,978
$0
$0

$73,250
$0
$50

$200,337
$0
$0

$273,587
$0
$50

Total Revenues

 	$966,978 

 	$73,300 

 	$200,337 

 	$273,637 

Expenditures

Administrative Engineering Fees Attorney Fees Annual Audit Management Fees Website Compliance Postage
Insurance Printing & Binding Legal Advertising
Other Current Charges Office Supplies
Dues, Licenses & Subscriptions

$10,000
$30,000
$5,000
$36,000
$1,500
$1,200
$6,483
$2,250
$500
$550
$50
$175

$150
$11,678
$2,500
$16,167
$917
$47
$6,188
$504
$1,767
$547
$56
$175

$1,000
$4,000
$0
$9,000
$375
$14
$0
$101
$462
$105
$18
$0

$1,150
$15,678
$2,500
$25,167
$1,292
$61
$6,188
$605
$2,229
$652
$75
$175

Total Administrative

 	$93,708 

 	$40,696 

 	$15,075 

 	$55,771 

Field
Field Management Utilities -  Electric Utilities - Streetlights Utilities - Water & Sewer Utilities - Irrigation Landscape Maintenance Pest Control
Lake Maintenance Wetlands/Preserves Pressure Washing
Contingency

$24,510
$0
$80,000
$0
$4,800
$180,000
$1,000
$22,000
$30,000
$10,000
$20,960

$0
$247
$826
$226
$0
$28,915
$0
$750
$0
$0
$0

$12,255
$186
$2,550
$301
$800
$24,820
$250
$5,500
$7,500
$2,500
$5,240

$12,255
$433
$3,376
$527
$800
$53,735
$250
$6,250
$7,500
$2,500
$5,240

Total Field

 	$373,270 

 	$30,964 

 	$61,902 

 	$92,866 

Page 1

Estimated Budget
at Buildout

$900,144
$66,834
$0

$966,978

$10,000
$30,000
$2,700
$36,000
$1,500
$1,200
$6,497
$1,000
$1,000
$3,000
$100
$175

$93,172

$27,682
$1,000
$80,000
$1,000
$4,800
$180,000
$1,000
$22,000
$30,000
$10,000
$118,064

$475,546

Adopted Budget FY 2022

$301,328
$66,834
$0

$368,162

$10,000
$30,000
$2,700
$36,000
$1,500
$1,200
$6,497
$1,000
$1,000
$3,000
$100
$175

$93,172

$12,225
$1,200
$12,000
$1,200
$4,800
$100,000
$1,000
$3,000
$30,000
$10,000
$0

$175,425

Willow Creek
Community Development District

General Fund

Amended Budget
     FY 2021	

Actual Thru
    6/30/2021 

Projected for
    3 Months 

Total Projected
    9/30/2021 

 Description	

Clubhouse

Management Fees Access Control Alarm Monitoring Pool Monitoring Utility - Electric
Utility - Water & Sewer Cable/Internet Services Telephone
Property Insurance Landscape Maintenance Landscape Replacement Pest Control
Pool & Spa Maintenance Repairs and Maintenance Janitorial Maintenance Janitorial Supplies
Office Equipment Maintenance Office Supplies/Clubhouse Supplies Air Conditioning Maintenance Fitness Equipment Maintenance Window Cleaning/Pressure Cleaning Porter Service
Trash Collection Special Events Holiday Lighting Contingency
Capital Reserve

$192,211
$2,867
$1,638
$12,831
$27,847
$20,066
$3,686
$3,522
$19,636
$26,823
$4,095
$819
$34,399
$29,485
$29,075
$2,252
$2,662
$6,962
$2,293
$6,143
$5,324
$4,423
$819
$12,285
$18,682
$12,285
$16,873

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$48,053
$717
$410
$3,208
$6,962
$5,016
$921
$880
$4,909
$6,706
$1,024
$205
$8,600
$7,371
$7,269
$563
$665
$1,740
$573
$1,536
$1,331
$1,106
$205
$3,071
$4,670
$3,071
$4,218

$48,053
$717
$410
$3,208
$6,962
$5,016
$921
$880
$4,909
$6,706
$1,024
$205
$8,600
$7,371
$7,269
$563
$665
$1,740
$573
$1,536
$1,331
$1,106
$205
$3,071
$4,670
$3,071
$4,218

Total Clubhouse

 	$500,000 

 	$0 

 	$125,000 

 	$125,000 

Total Expenditures

 	$966,978 

 	$71,660 

 	$201,977 

 	$273,637 

Excess Revenues/(Expenditures)

 	$0 

$1,640

($1,640)

$0

Page 2

Net Assessments Collection Fees & Discounts (6%)
Gross Assessments
No. of Units Per Unit Assessments (Net)
Per Unit Assessments (Gross/tax bill))

$66,834
$4,266

$71,100
79
$846.00
$900.00

Estimated Budget
at Buildout

$52,211
$2,867
$1,638
$12,831
$27,847
$20,066
$3,686
$3,522
$19,636
$26,823
$4,095
$819
$34,399
$29,485
$29,075
$2,252
$2,662
$6,962
$2,293
$6,143
$5,324
$4,423
$819
$12,285
$18,682
$50,542
$16,873

$398,260

$966,978

$0

$966,978
$61,722

$1,028,700
1,143
$846.00
$900.00

Adopted Budget FY 2022

$13,053
$717
$410
$3,208
$6,962
$5,017
$922
$881
$4,909
$6,706
$1,024
$205
$8,600
$7,371
$7,269
$563
$666
$1,741
$573
$1,536
$1,331
$1,106
$205
$3,071
$4,671
$12,636
$4,218

$99,565

$368,162

$0

Willow Creek
Community Development District

General Fund

REVENUES:

Developer Contributions
The District entered into a funding agreement with the developer to fund all general operating expenditures for the Fiscal Year.

Special Assessments-Direct
The District is levying 79 lots direct to builder to fund general operating expenditures for the Fiscal Year.

 	_ 	_ 	_ 	_ 	

EXPENDITURES:

Administrative:

Engineering Fees
The District's engineer will be providing general engineering services to the District including attendance and preparation for board meetings, etc.

Attorney Fees
The District's legal counsel will be 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.

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.

Website Compliance
Per section 189.069 F.S, all Districts must have a website by October 1, 2015 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.

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

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

Page 3

Willow Creek
Community Development District

General Fund

Administrative: (continued)

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Administrative: (continued)

Other Current Charges
Bank charges 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.

Field:

Field Management
The District will contract a field management firm.

Utilities - Electric
FPL provides electricity to entrance and lift station.

Utilities - Streetlights
FPL streetlight meters throughout the district.

Utilities - Water & Sewer
City of Titusville provides water and sewer service to the district.

Utilities - Irrigation
FPL meters for irrigation.

Landscape Maintenance
The district has a proposal with Meadowbrook Acres of South-Central Florida, Inc.

Mow entrance 42 times per year
Turf/ Shrub fertilize entrance 4 times per year Shrub/Tree trimming 4 times per year Irrigation inspection entrance 8 times per year Mulch for entrance 1 time per year
Annuals for monument beds on the median

Pest Control
Cost for pest control throughout the district’s common area.

Page 4

Willow Creek
Community Development District

General Fund

Field: (continued)

Lake Maintenance
The district has a proposal with Lake & Wetland Management for maintenance of algae, border grass and invasive exotic plant control for 2 lakes.

Wetlands/Preserves
Cost for wetlands/preserves maintenance.

Pressure Washing
Cost to pressure wash district’s common area infrastructure.

Contingency
Any other miscellaneous expenses that are incurred during the year.

Clubhouse:

Management Fees
The District will contract a management firm.

Access Control
Cost for security system for the clubhouse.

Alarm Monitoring
Cost for fire alarm monitoring.

Pool Monitoring
Cost for security system at the community pool.

Utility – Electric
FPL electric meters for the Clubhouse.

Utility – Water and Sewer
Cost for water and sewer at the Clubhouse.

Cable/Internet Service
Cost for cable/TV and internet service at the Clubhouse.

Telephone
Cost for phone land line at the clubhouse.

Property Insurance
The District's Property Liability Insurance policy is with

Florida Insurance Alliance. Florida Insurance Alliance

specializes in providing insurance coverage to governmental agencies.

Landscape Maintenance
Cost for landscape maintenance around the clubhouse.

Landscape Replacement
Cost to replace seasonal flowers, mulch, and trees.

Page 5

Willow Creek
Community Development District

General Fund

Clubhouse: (continued)

Pest Control
Cost for pest control around the clubhouse.

Pool & Spa Maintenance
Cost for pool and spa maintenance.

Repairs and Maintenance
Cost for general repairs and maintenance of the clubhouse.

Janitorial Maintenance
Cost for janitorial maintenance of the Clubhouse.

Janitorial Supplies
Cost for cleaning supplies.

Office Equipment Maintenance
Cost for office equipment maintenance.

Office/Clubhouse Supplies
Cost for office/clubhouse supplies.

Air Conditioning Maintenance
Cost for the clubhouse A/C unit.

Fitness Equipment Maintenance
Cost for equipment maintenance.

Window Cleaning/Pressure Cleaning
Cost to cleaning and pressure wash windows and clubhouse infrastructure.

Porter Service
Cost for repairing, cleaning, hand cleaning trash, and litter, disinfecting areas when needed.

Trash Collection
The District will contract with a waste management company to collect the trash at clubhouse.

Special Events
Cost for special events

Holiday Lighting
Cost for Holiday Lighting at Clubhouse.

Contingency
Any other miscellaneous expenses that are incurred during the year.

Capital Reserve
Capital Reserve for future projects.

Page 6