RESOLUTION 2025-02

WHEREAS, the Board of Supervisors, hereinafter referred to as the “Board”, of the Capital Region Community Development District, hereinafter referred to as “District”, General Fund Budget and Capital Reserve Fund Budget for Fiscal Year 2024, and

WHEREAS, the Board desires to reallocate funds budgeted to re-appropriate Revenues and Expenses approved during the Fiscal Year.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CAPITAL REGION COMMUNITY DEVELOPMENT DISTRICT TO THE FOLLOWING:

The General Fund Budget is hereby amended in accordance with Exhibit “A” attached.

The Capital Reserve Fund Budget is hereby amended in accordance with Exhibit “B” attached.
This resolution shall become effective this 10th day of October, 2024 and be reflected in the monthly and fiscal Year End 9/30/24 Financial Statements and Audit Report of the District

Capital Region

Community Development District

Attest:

by:			 Chairman

by:			 Secretary

EXHIBIT A & B

Docusign Envelope ID: 763F91AC-BEC4-4F3A-A919-7A981558FC9F

Capital Region
Community Development District

Budget Amendment
FY 2024

Description	Actuals Thru 8/31/24	Adopted Budget
FY2024	Proposed Increase/ (Decrease)	Budget Amendment
FY 2024	

REVENUES:					
Special Assessments - On Roll	$  1,739,288	$ 1,722,305	$	-	$	1,722,305	
Special Assessments - Direct St Joe	286,947	287,187	-	287,187	
Interest income	53,567	10,000	46,567	56,567	
Miscellaneous Revenue	940	-	940	940	
Carry Forward Surplus	809,752	-	255,486	255,486	
TOTAL REVENUES	$ 2,890,493	$ 2,019,492	$ 302,993	$  2,322,485	

EXPENDITURES:					
Administrative:					
Supervisor Fees	$	6,600	$	12,000	$	-	$	12,000	
FICA Taxes	505	918	-	918	
Engineering	4,025	15,000	-	15,000	
Attorney	26,197	37,000	-	37,000	
Annual Audit	3,925	3,925	-	3,925	
Annual Report	-	500	-	500	
Assessment Administration	12,190	12,190	-	12,190	
Arbitrage Rebate	1,800	1,800	-	1,800	
Dissemination Agent	7,288	7,950	-	7,950	
Trustee Fees	15,220	15,520	-	15,520	
Management Fees	49,605	54,114	-	54,114	
Information Technology	2,721	2,968	-	2,968	
Website Maintenance	1,166	1,272	-	1,272	
Record Storage	-	150	-	150	
Telephone	-	300	-	300	
Travel & Per Diem	250	2,000	-	2,000	
Postage & Delivery	898	1,000	-	1,000	
Insurance General Liability	11,587	12,874	(1,287)	11,587	
Printing & Binding	702	2,000	-	2,000	
Legal Advertising	1,114	3,500	-	3,500	
Other Current Charges	986	1,600	-	1,600	
Office Supplies	2	200	-	200	
Dues, Licenses & Subscriptions	175	175	-	175	
Capital Outlay	-	250	-	250	
TOTAL ADMINISTRATIVE	$	146,954	$	189,206	$	(1,287)	$	187,919	

Description	Actuals Thru 8/31/24	Adopted Budget
FY2024	Proposed Increase/ (Decrease)	Budget Amendment
FY 2024	

Operations & Maintenance					
Field Expenditures					
Property Insurance	$	14,178	$	13,898	$	280	$	14,178	
Management Fees	134,979	147,250	-	147,250	
Security	-	7,000	(7,000)	-	
Utilities-Electric/Water	45,805	57,800	-	57,800	
Landscape Maintenance - Contract	977,400	1,066,255	-	1,066,255	
Landscape Maintenance - New Units/Street Tree	3,180	5,500	-	5,500	
Pond Maintenance - Contract	9,710	15,000	-	15,000	
Pond Repairs - Current Units	117,061	40,000	88,000	128,000	
Irrigation Maintenance - Contract	47,949	55,280	-	55,280	
Irrigation Maintenance - New Units	-	500	-	500	
Irrigation Repairs - Current Units	42,239	45,000	-	45,000	
SWMF Operating Permit Fees	6,705	7,803	-	7,803	
Preserve Maintenance	54,232	40,000	20,000	60,000	
Tot Lot Inspection/Maintenance	5,951	7,500	-	7,500	
Tree Removal/Trimming/Cleanup	125,116	38,000	150,000	188,000	
Alleyway Maintenance	11,191	5,000	7,000	12,000	
Miscellaneous Maintenance	14,122	7,500	7,000	14,500	
Special Events	8,836	-	9,000	9,000	
Other - Contingency	(25)	5,000	-	5,000	
Capital Expenditures	12,009	25,000	-	25,000	
Reserve for Capital - R&R	233,000	233,000	-	233,000	
Common Area Maintenance	27,787	8,000	30,000	38,000	
Enhancement/Beautification	-	-	-	-	
TOTAL FIELD EXPENDITURES	$ 1,891,425	$ 1,830,286	$ 304,280	$  2,134,566	
			
TOTAL EXPENDITURES	$ 2,038,378	$ 2,019,492	$ 302,993	$  2,322,485	
			
EXCESS REVENUES (EXPENDITURES)	$	852,115	$	-	$	-	$	-	

			

Description	Actuals Thru 8/31/24	Adopted Budget
FY2024	Proposed Increase/ (Decrease)	Budget Amendent
FY 2024	

REVENUES:					
Capital Reserve Contribution	$	233,000	$	233,000	$	-	$  233,000	
Interest	18,205	-	20,000	20,000	
Designated reserves	296,346	295,746	600	296,346	
TOTAL REVENUES	$ 547,551	$  528,746	$ 20,600	$ 549,346	

EXPENDITURES:					
Capital Outlay					
Playground System	$	80,000	$	-	$ 80,000	$	80,000	
Other Charges	314	600	-	600	
TOTAL EXPENDITURES	$	80,314	$	600	$ 80,000	$	80,600	

Other Sources/(Uses)

Transfer in/(Out)	

$-	

$-	

$-	

$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	
			
EXCESS REVENUES (EXPENDITURES)	$ 467,238	$  528,146	$(59,399)	$ 468,747