Elevation Pointe CDD 

Community Development District 

Proposed Budget 

General Fund 



Adopted 

Actuals 

Projected 

Total 

Proposed 

Budget 

Thru 

Next 

Thru 

Budget 

 FY2024 

3/31/24 

6 Months 

9/30/24 

FY2025 



Description 



Revenues 

 

Assessments 

Developer Contributions 

Boundary Amendment Contribution 



 



- $ 

$ - 

$ - 

$ - 

$ 338,877 

$ 338,877 

$ 27,913 

$ 24,082 

$ 51,995 

$ - 

$ - 

$ 1 ,080 

$ 2 ,500 

$ 3 ,580 

$ - 



Total Revenues 



$ 338,877 

$ 2 8,993 

$ 2 6,582 

$ 5 5,575 

$ 338,877 



Expenditures 



General & Administrative 

Supervisor Fees 

FICA Expense 

Engineering Fees 

Attorney Fees 

Annual Audit 

Assessment Administration 

Arbitrage 

Dissemination Fees 

Trustee Fees 

Management Fees 

Information Technology 

Website Maintenance 

Telephone 

Postage & Delivery 

Printing & Binding 

Insurance 

Legal Advertising 

Other Current Charges 

Office Supplies 

Boundary Amendment 

Dues, Licenses & Subscriptions 



$ 12,000 

$ - 

$ 2 ,000 

$ 2 ,000 

$ 1 2,000 

$ 918 

$ - 

$ 153 

$ 153 

$ 918 

$ 12,000 

$ - 

$ 6 ,000 

$ 6 ,000 

$ 1 2,000 

$ 25,000 

$ 1 ,263 

$ 902 

$ 2 ,165 

$ 2 5,000 

$ 5 ,200 

$ - 

$ - 

$ - 

$ 5,200 

$ 5 ,000 

$ 5 ,000 

$ - 

$ 5 ,000 

$ 5,000 

$ 450 

$ 450 

$ 450 

$ 900 

$ 450 

$ 5 ,000 

$ 1 ,667 

$ 833 

$ 2 ,500 

$ 5,000 

$ 5 ,000 

$ - 

$ - 

$ - 

$ 5,000 

$ 38,955 

$ 12,985 

$ 6 ,125 

$ 19,110 

$ 3 8,955 

$ 1 ,325 

$ 442 

$ 208 

$ 650 

$ 1,325 

$ 928 

$ 309 

$ 146 

$ 455 

$ 928 

$ 100 

$ - 

$ 50 

$ 50 

$ 100 

$ 1 ,000 

$ 20 

$ 27 

$ 47 

$ 1,000 

$ 1 ,000 

$ 13 

$ 17 

$ 30 

$ 1,000 

$ 6 ,181 

$ 5 ,590 

$ - 

$ 5 ,590 

$ 6,181 

$ 8 ,000 

$ - 

$ 2 ,816 

$ 2 ,816 

$ 8,000 

$ 1 ,000 

$ 233 

$ 90 

$ 323 

$ 1,000 

$ 625 

$ 1 

$ 15 

$ 16 

$ 625 

$ - 

$ 1 ,080 

$ 2 ,500 

$ 3 ,580 

$ - 

$ 175 

$ 175 

$ - 

$ 175 

$ 175 



Total Administrative 



$ 129,857 

$ 2 9,228 

$ 2 2,332 

$ 5 1,560 

$ 129,857 



Operations & Maintenance 

Field Expenses 

Property Insurance 

Field Management 

Landscape Maintenance 

Landscape Replacement 

Lake Maintenance 

Wetland Mitigation/Maintenance 

Streetlights 

Electric 

Water & Sewer 

Sidewalk & Asphalt Maintenance 

Irrigation Repairs 

General Repairs & Maintenance 

Contingency 



$ 5 ,000 

$ - 

$ - 

$ - 

$ 5,000 

$ 15,000 

$ - 

$ - 

$ - 

$ 1 5,000 

$ 75,000 

$ - 

$ - 

$ - 

$ 7 5,000 

$ 2 ,500 

$ - 

$ - 

$ - 

$ 2,500 

$ 12,000 

$ - 

$ - 

$ - 

$ 1 2,000 

$ 6 ,000 

$ - 

$ - 

$ - 

$ 6,000 

$ 9 ,000 

$ - 

$ - 

$ - 

$ 9,000 

$ 2 ,500 

$ - 

$ - 

$ - 

$ 2,500 

$ 2 ,400 

$ - 

$ - 

$ - 

$ 2,400 

$ 500 

$ - 

$ - 

$ - 

$ 500 

$ 2 ,500 

$ - 

$ - 

$ - 

$ 2,500 

$ 5 ,000 

$ - 

$ - 

$ - 

$ 5,000 

$ 7 ,500 

$ - 

$ 3 ,750 

$ 3 ,750 

$ 7,500 



Subtotal Field Expenses 



$ 144,900 

$ - 

$ 3,750 

$ 3,750 

$ 144,900 




Elevation Pointe CDD 

Community Development District 

Proposed Budget 

General Fund 



Adopted 

Actuals 

Projected 

Total 

Proposed 

Budget 

Thru 

Next 

Thru 

Budget 

 FY2024 

3/31/24 

6 Months 

9/30/24 

FY2025 



Description 



Amenity Expenditures 



Amenity - Electric 

Amenity - Water 

Internet 

Pest Control 

Janitorial Services 

Security Services 

Pool Mainteance 

Amenity Repairs & Maintenance 

Contingency 



7,500 $ 

$ - 

$ - 

$ - 

$ 7,500 

$ 1 ,500 

$ - 

$ - 

$ - 

$ 1,500 

$ 900 

$ - 

$ - 

$ - 

$ 900 

$ 720 

$ - 

$ - 

$ - 

$ 720 

$ 5 ,000 

$ - 

$ - 

$ - 

$ 5,000 

$ 5 ,000 

$ - 

$ - 

$ - 

$ 5,000 

$ 10,000 

$ - 

$ - 

$ - 

$ 1 0,000 

$ 1 ,000 

$ - 

$ - 

$ - 

$ 1,000 

$ 7 ,500 

$ - 

$ - 

$ - 

$ 7,500 



Subtotal Amenity Expenditures 



$ 3 9,120 

$ - 

$ - 

$ - 

$ 39,120 



Total Operations & Maintenance 



$ 184,020 

$ - 

$ 3,750 

$ 3,750 

$ 184,020 



Other Expenditures 



Capital Reserves - Amenity 

Capital Reserves - Roadways 



$ 10,000 

$ - 

$ - 

$ - 

$ 1 0,000 

$ 15,000 

$ - 

$ - 

$ - 

$ 1 5,000 



Total Other Expenditures 



$ 2 5,000 

$ - 

$ - 

$ - 

$ 25,000 



Total Expenditures 



$ 338,877 

$ 2 9,228 

$ 2 6,082 

$ 5 5,310 

$ 338,877 



Excess Revenues/(Expenditures) 



$ - 

$ (235) 

$ 500 

$ 265 

$ - 



Net Assessments 

Add: Discounts & Collections 6% 

Gross Assessments 



$ 338,877 

$ 21,630 

$ 360,507 



Product 

 
Assessabl 
e Units 

 ERU 

 Total ERU's 

 Net Assessment 

Net Per Unit (6%) 

 Gross Per Unit 

Townhome 

420 

1.00 

420.00 

 $ 293,459 

 $ 698.71 

 $ 743.31 

Total 

420 

420.00 

$ 2 93,459 




Elevation Pointe 

Community Development District 

Proposed Budget 

Debt Service Fund 

Series 2022 



Adopted 

Actuals 

Projected 

Projected 

Proposed 

Budget 

Thru 

Next 

Thru 

Budget 

 FY2024 

3/31/24 

6 Months 

9/30/24 

FY2025 



Description 



Revenues 

 

 

 

Special Assessments A-1 

274,920 $ 

$ - 

$ 274,920 

$ 274,920 

$ 274,920 

Special Assessments A-2 

$ 259,820 

$ - 

$ 259,820 

$ 259,820 

$ 259,820 

Interest Income 

$ - 

$ 13,749 

$ 13,749 

$ 27,498 

$ 10,000 

Carry Forward Surplus * 

$ 250,900 

$ 250,313 

$ - 

$ 250,313 

$ 277,161 



Total Revenues 

$ 7 85,640 

$ 2 64,062 

$ 5 48,489 

$ 8 12,551 

$ 8 21,901 



Expenses 

Series 2022A-1 

Interest - 11/1 

$ 97,785 

$ 97,785 

$ - 

$ 97,785 

$ 96,225 

Principal - 5/1 

$ 80,000 

$ - 

$ 80,000 

$ 80,000 

$ 80,000 

Interest - 5/1 

$ 97,785 

$ - 

$ 97,785 

$ 97,785 

$ 96,225 



Series 2022A-2 

Interest - 11/1 

$ 129,910 

$ 129,910 

$ - 

$ 129,910 

$ 129,910 

Interest - 5/1 

$ 129,910 

$ - 

$ 129,910 

$ 129,910 

$ 129,910 



Total Expenditures 

$ 5 35,390 

$ 2 27,695 

$ 3 07,695 

$ 5 35,390 

$ 5 32,270 



Excess Revenues/(Expenditures) 

$ 250,250 

$ 36,367 

$ 240,794 

$ 277,161 

$ 289,631 



*Carry forward less amount in Reserve funds. 



Series 2022 A-1 

Principal - 11/1 

$94,665 



Series 2022 A-2 

Principal - 11/1 

$129,910 

Total 

$224,575 



Series 2022-A1 

Product 

 Assessable Units 

 Maximum Annual 
Debt Service 

 Net Assessment 
Per Unit 

 Gross Assessment 
Per Unit 

Townhome 

420 

$ 2 74,920 

$ 6 54.57 

$ 6 96.35 

Commercial 

130 

$ - 

$ - 

$ - 

550 

$ 2 74,920 



Series 2022-A2 

Product 

 Assessable Units 

 Maximum Annual 
Debt Service 

 Net Assessment 
Per Unit 

 Gross Assessment 
Per Unit 

Townhome 

420 

$ 2 59,820 

$ 6 18.62 

$ 6 58.11 

Commercial 

130 

$ - 

$ - 

$ - 

550 

$ 2 59,820