Resolution 2016-02 BUDGET AMENDMENT RESOLUTION 2016-2
A BUDGET AMENDMENT AMENDING THE HERITAGE BAY
COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND
BUDGET FOR FISCAL YEAR 2015
WHEREAS, the Board of Supervisors, hereinafter referred to as the
"Board", of Heritage Bay Community Development District, hereinafter
referred to as "District", adopted a General Fund Budget for Fiscal Year
2015, and
WHEREAS, the Board desires to reallocate funds budgeted to
reappropriate General Funds approved during the Fiscal Year.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF
SUPERVISORS OF HERITAGE BAY COMMMUNITY DEVELOPMENT
DISTRICT THE FOLLOWING:
1. The General Fund Budget is hereby amended in accordance with
Exhibit"A" attached.
2, This resolution shall become effective this 3rd day of
December , 2015 and be reflected in the monthly and Fiscal Year End
9/30/2015 Financial Statements and Audit Report of the District.
Heritage Bay
Community Development District
By: cc S L
Edwin Hubbard, Chairman
Attest:
By:
Calvin Teague, Secre ary
HERITAGE BAY
Community Development District APPENDIX A General Fund
Proposed Budget Amendment
For the Period Ending September 30,2015
CURRENT PROPOSED FINAL YEAR TO DATE VARIANCE($)
ACCOUNT DESCRIPTION BUDGET AMENDMENT BUDGET ACTUAL FAVIUNFAV)
REVENUES
Interest-Investments $ 500 $ - $ 500 $ 606 $ 106
Special Assmnts-Tax Collector 249,995 - 249,995 250,000 5
Special Assmnts-Discounts (10,000) - (10,000) (9,096) 904
TOTAL REVENUES 240,495 - 240,495 241,510 1,015
EXPENDITURES
Administration
P/R-Board of Supervisors 4,800 - 4,800 7,200 (2,400)
FICA Taxes 367 - 367 551 (184)
ProfServ-Arbitrage Rebate 600 - 600 1,200 (600)
ProfServ-Dissemination Agent 1,000 - 1,000 1,000
ProfServ-Engineering 15,000 - 15,000 14,161 839
ProfServ-Legal Services 7,000 - 7,000 17,453 (10,453)
ProfServ-Mgmt Consulting Sery 38,246 - 38,246 38,246 -
ProfServ-Property Appraiser 3,750 - 3,750 3,750 -
ProfServ-Special Assessment 5,000 - 5,000 5,000 -
ProfServ-Trustee Fees 6,815 - 6,815 5,334 1,481
ProfServ-Web Site Maintenance - - - 483 (483)
Auditing Services 3,600 - 3,600 3,600 -
Postage and Freight 1,300 - 1,300 2,662 (1,362)
Insurance-General Liability 13,673 - 13,673 12,754 919
Printing and Binding 1,400 - 1,400 1,293 107
Legal Advertising 1,400 - 1,400 2,195 (795)
Misc-Bank Charges 750 - 750 651 99
Misc-Assessmnt Collection Cost 5,000 - 5,000 2,947 2,053
Office Supplies 550 - 550 330 220
Annual District Filing Fee 175 - 175 200 (25)
Total Administration 110,426 - 110,426 121,010 (10,584)
Report Date: 11/23/2015
HERITAGE BAY
Community Development District APPENDIX A General Fund
Proposed Budget Amendment
For the Period Ending September 30,2015
CURRENT PROPOSED FINAL YEAR TO DATE VARIANCE($)
ACCOUNT DESCRIPTION BUDGET AMENDMENT BUDGET ACTUAL FAV(UNFAV)
Field
ProfSery-Field Management - 12,000 12,000 12,000 -
Contracts-Lake and Wetland 55,944 2,000 57,944 57,944 -
R&M-Aquascaping 24,125 (5,000) 19,125 12,415 6,710
R&M-Lake Erosion 35,000 12,000 47,000 43,313 3,687
R&M-Contingency 15,000 - 15,000 5,900 9,100
Wall Improvements - 45,000 45,000 40,712 4,288
Total Field 130,069 66,000 196,069 172,284 23,785
TOTAL EXPENDITURES 240,495 66,000 308,495 293,294 13,201
Excess(deficiency)of revenues
Over(under)expenditures - (66,000) (66,000) (51,784) 14,216
Net change in fund balance - (66,000) (66,000) (51,784) 14,216
FUND BALANCE,BEGINNING(OCT 1,2014) 147,054 - 147,054 147,054 -
FUND BALANCE,ENDING $ 147,054 $ (66,000) $ 81,054 $ 95,270 $ 14,216
Report Date: 11/23/2015