Wellness Ridge
Community Development District

Proposed Budget
FY2025

Table of Contents

1-3

4-9

10

11
General Fund

General Fund Narrative

Debt Service Fund Series 2023

Amortization Schedule Series 2023

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025		
Revenues						
Assessments	$	462,002	$	410,321	$	51,682	$	462,002	$	817,764	
Developer Contributions	$	279,346	$	6,961	$	-	$	6,961	$	761,512	
Total Revenues	$	741,348	$	417,282	$	51,682	$	468,964	$ 1,579,276	
Expenditures						
Administrative						
Supervisor Fees	$	12,000	$	2,800	$	3,000	$	5,800	$	12,000	
FICA Expenditures	$	918	$	214	$	230	$	444	$	918	
Engineering	$	15,000	$	-	$	7,500	$	7,500	$	15,000	
Attorney	$	25,000	$	12,134	$	12,866	$	25,000	$	25,000	
Annual Audit	$	4,000	$	4,800	$	-	$	4,800	$	4,800	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,250	
Arbitrage	$	450	$	-	$	450	$	450	$	450	
Dissemination	$	5,000	$	1,750	$	1,750	$	3,500	$	3,675	
Trustee Fees	$	4,050	$	-	$	-	$	-	$	4,050	
Management Fees	$	40,000	$	20,000	$	20,000	$	40,000	$	42,500	
Information Technology	$	1,800	$	900	$	900	$	1,800	$	1,890	
Website Maintenance	$	1,200	$	600	$	600	$	1,200	$	1,260	
Telephone	$	300	$	-	$	-	$	-	$	300	
Postage	$	1,000	$	97	$	150	$	247	$	1,000	
Insurance	$	5,750	$	5,200	$	-	$	5,200	$	5,720	
Printing & Binding	$	1,000	$	6	$	60	$	66	$	1,000	
Legal Advertising	$	10,000	$	133	$	900	$	1,033	$	10,000	
Other Current Charges	$	4,250	$	1,158	$	3,000	$	4,158	$	4,250	
Office Supplies	$	625	$	1	$	20	$	21	$	625	
Travel Per Diem	$	660	$	-	$	330	$	330	$	660	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative:	$	138,178	$	54,968	$	51,756	$	106,724	$	140,523	
Operations & Maintenance						
Contract Services
Field Management	
$	15,000	
$	1,250	
$	7,500	
$	8,750	
$	15,750	
Amenities Management	$	125,000	$	-	$	62,500	$	62,500	$	125,000	
Landscape Maintenance	$	193,440	$	5,400	$	5,400	$	10,800	$	560,040	
Lake Maintenance	$	2,460	$	-	$	1,230	$	1,230	$	2,460	
Well Maintenance	$	-	$	-	$	-	$	-	$	144,000	
Pool Maintenance	$	20,820	$	-	$	10,410	$	10,410	$	20,820	
Pest Control	$	780	$	-	$	390	$	390	$	780	
Janitorial Services	$	30,000	$	-	$	15,000	$	15,000	$	30,000	
Contract Services Subtotal:	$	387,500	$	6,650	$	102,430	$	109,080	$	898,850	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025		
Repairs & Maintenance						
Landscape Replacement	$	2,500	$	-	$	1,250	$	1,250	$	2,500	
Irrigation Repairs	$	2,000	$	-	$	1,000	$	1,000	$	2,000	
General Repairs & Maintenance	$	2,500	$	-	$	1,250	$	1,250	$	2,500	
Alleyway & Sidewalk Maintenance	$	3,000	$	-	$	1,500	$	1,500	$	3,000	
Signage	$	1,500	$	-	$	750	$	750	$	1,500	
Walls - Repair/Cleaning	$	1,500	$	-	$	750	$	750	$	1,500	
Fencing	$	1,500	$	-	$	750	$	750	$	1,500	
Repairs & Maintenance Subtotal:	$	14,500	$	-	$	7,250	$	7,250	$	14,500	
Utilities						
Amenity Center - Electric	$	21,120	$	-	$	10,560	$	10,560	$	21,120	
Amenity Center - Water	$	9,240	$	-	$	4,620	$	4,620	$	9,240	
Electric	$	2,500	$	3,899	$	6,000	$	9,899	$	2,500	
Water & Sewer	$	20,000	$	4,157	$	9,000	$	13,157	$	20,000	
Streetlights	$	40,000	$	39,030	$	39,030	$	78,060	$	366,528	
Utilities Subtotal:	$	92,860	$	47,086	$	69,210	$	116,296	$	419,388	
Amenities						
Property Insurance	$	27,665	$	-	$	13,833	$	13,833	$	27,665	
Pool Attendants	$	12,500	$	-	$	6,250	$	6,250	$	12,500	
Facility Maintenance	$	25,000	$	-	$	12,500	$	12,500	$	25,000	
Pool Repairs & Maintenance	$	10,000	$	-	$	5,000	$	5,000	$	10,000	
Pool Permits	$	325	$	-	$	163	$	163	$	325	
Access Cards & Equipment Supplies	$	3,000	$	-	$	1,500	$	1,500	$	3,000	
Fire Alarm & Security Monitoring	$	420	$	-	$	210	$	210	$	420	
Fire Alarm & Security Monitoring Repairs	$	2,000	$	-	$	1,000	$	1,000	$	2,000	
Fire Extinguisher Inspections	$	100	$	-	$	50	$	50	$	100	
Amenity Signage	$	2,000	$	-	$	1,000	$	1,000	$	2,000	
Repairs & Maintenance	$	5,000	$	-	$	2,500	$	2,500	$	5,000	
Office Supplies	$	1,000	$	-	$	500	$	500	$	1,000	
Operating Supplies	$	5,000	$	-	$	2,500	$	2,500	$	5,000	
Special Events	$	9,000	$	-	$	4,500	$	4,500	$	9,000	
Termite Bond	$	300	$	-	$	150	$	150	$	300	
Amenities Subtotal:	$	103,310	$	-	$	51,655	$	51,655	$	103,310	
Other						
Contingency	$	5,000	$	-	$	2,500	$	2,500	2705	
Other Subtotal:	$	5,000	$	-	$	2,500	$	2,500	$	2,705	
						
Total Operations & Maintenance:	$	603,170	$	53,736	$	233,045	$	286,781	$ 1,438,753	
						
Total Expenditures	$	741,348	$	108,704	$	284,801	$	393,504	$ 1,579,276	
						
Excess Revenues/(Expenditures)	$	-	$	308,578	$  (233,119)	$	75,459	$	-	
General Fund - O&M Assessments

Product	Assessable Units	ERU/
Unit	
ERU's	Net Assessment	Gross Assessment	
Net Per Unit	Gross Per Unit	
Phase 1 - On Roll								
Townhome 22'	75	0.44	33.00	$	35,739	$	38,020	$476.51	$506.93	
Townhome 25'	48	0.5	24.00	$	25,992	$	27,651	$541.49	$576.06	
Single-Family 32'	90	0.64	57.60	$	62,380	$	66,362	$693.11	$737.35	
Single-Family 40'	105	0.8	84.00	$	90,971	$	96,778	$866.39	$921.69	
Single-Family 50'	204	1	204.00	$	220,929	$ 235,031	$1,082.99	$1,152.11	
Single-Family 60'	20	1.2	24.00	$	25,992	$	27,651	$1,299.58	$1,382.54	
Total Phase 1	542		426.60	$	462,002	$ 491,492			
Phase 2 & 3 - Direct								
Townhome 22'	66	0.44	29.04	$	31,450	$	33,457	$476.51	$506.93	
Townhome 25'	50	0.5	25.00	$	27,075	$	28,803	$541.49	$576.06	
Single-Family 32'	77	0.64	49.28	$	53,370	$	56,776	$693.11	$737.35	
Single-Family 40'	50	0.8	40.00	$	43,319	$	46,085	$866.39	$921.69	
Single-Family 41'	19	0.82	15.58	$	16,873	$	17,950	$888.05	$944.73	
Single-Family 50'	130	1	130.00	$	140,788	$ 149,775	$1,082.99	$1,152.11	
Single-Family 60'	33	1.2	39.60	$	42,886	$	45,624	$1,299.58	$1,382.54	
Total Phase 2 & 3	425		328.50	$	355,761	$ 378,469			
								
Total Assessments	967		755.10	$	817,764	$ 869,961			

Revenues:

Special Assessments

The District will levy a non-ad valorem assessment on all of the assessable property within the District in order to pay for the operating expenditures during the fiscal year.

Developer Contributions

The District will enter into a funding agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

FICA Expenditures

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering

The District's engineer, Vanasse Hangen Brustlin, provides general engineering services to the District,
e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, Latham, Luna, Eden & Beaudine LLP. provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2023 bond issuance.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon an the Series 2023 bond issuance.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ Series 2023 bond.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents various cost of information technology with Governmental Management Services-Central Florida, LLC for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance

Represents the costs with Governmental Management Services – Central Florida, LLC associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages with Florida Insurance Alliance.

Printing & Binding

Printing for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising

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

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year that do not fit into budgeted administrative line items.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Travel Per Diem

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for
$175. This is the only expense under this category for the District.

Operations & Maintenance:

Contract Services:

Field Management

The District will contract to provide onsite field management of contracts for the District Services such as landscape and lake maintenance. Services to include weekly onsite inspections, meetings with contractors and monitoring of utility accounts.

Amenities Management

The District will contract to provide routine repairs and maintenance on the District’s common areas and amenities.

Landscape Maintenance

The District has contracted with Frank Polly Sod to maintain the landscaping within the common areas of the District after installation of landscape material has been completed. The services include mowing, edging, trimming, weed and disease control, fertilization, pest control, pruning, weeding, mulching, irrigation inspections and litter removal.

Lake Maintenance

The District will contract to maintain the lakes throughout the community that provide stormwater management.

Well Maintenance

Estimated cost for well inspection and maintenance. The cost also includes the chlorine injection system and the maintenance.

Pool Maintenance

The District will contract with respective companies for pool maintenance services.

Pest Control

The District will contract for pest control throughout the common areas of the community.

Janitorial Services

The District will contract to provide janitorial services and supplies for the Amenity Center.

Repairs & Maintenance:

Landscape Replacement

Estimated cost related to the replacement of turf, trees, shrubs, etc.

Irrigation Repairs

To record expenses for repairs to the irrigation system.

General Repairs & Maintenance

Represents estimated cost for repairs and maintenance of various facilities throughout the District.

Alleyway & Sidewalk Maintenance

Represents estimated cost for repairs and maintenance of various alleyways and sidewalks throughout the District.

Signage

Represents estimated cost for repairs and maintenance of various signs throughout the District.

Walls – Repair/Cleaning

Represents estimated cost for repairs and maintenance of various walls throughout the District.

Fencing

Represents estimated cost for repairs and maintenance of various fences throughout the District.

Utilities:

Amenity Center - Electric

This represents the estimated cost for electric utilities of the Amenity Center.

Amenity Center - Water

This represents the estimated cost for water utilities of the Amenity Center.

Electric

Represents the estimated cost for electric utilities of the common areas within the District.

Water & Sewer

Represents the estimated cost for water & sewer utilities of the common areas within the District.

Streetlights

Represents the estimated cost for streetlights within the District.

Amenities:

Property Insurance

Represents the estimated cost for property insurance of the Amenity Center to be conveyed to the District.

Pool Attendants

Represents the estimated cost to have pool attendants during certain times throughout the operating season for the pool.

Facility Maintenance

The District will contract to provide routine repairs and maintenance on the District’s amenities.

Pool Repairs & Maintenance

Estimated miscellaneous pool maintenance and repairs.

Pool Permit

Estimated cost for required pool permit.

Access Cards & Equipment Supplies

Represents the estimated cost for providing and maintaining access card system and equipment.

Fire Alarm & Security Monitoring

Represents the estimated cost for maintaining a fire alarm and security monitoring system.

Fire Alarm & Security Monitoring Repairs

Represents the estimated cost for repairing a fire alarm and security monitoring system.

Amenity Signage

Represents estimated cost for signage for the amenities.

Amenity Repairs & Maintenance

Represents estimated cost for repairs and maintenance of various amenity facilities throughout the District.

Office Supplies

Estimated cost of office supplies purchased for operating and maintaining the clubhouse.

Operating Supplies

Estimated cost of operating supplies purchased for operating and maintaining the clubhouse.

Special Events

The Leisure Activities Coordinator will coordinate and provide various activities throughout the year. The amount represents the cost of supplies, notice of events, etc.

Termite Bond

The District will contract for termite bonding services for the amenity facilities.

Other:

Contingency

Expenditures that the District incurs that do not apply to already budgeted operating and maintenance items.
Wellness Ridge
Community Development District
Proposed Budget
Debt Service Fund Series 2023

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025		

Revenues						
Assessments	$	522,463	$	464,020	$	58,443	$	522,463	$	522,463	
Interest	$	-	$	13,079	$	6,539	$	19,618	$	9,809	
Carry Forward Surplus	$	204,966	$	202,593	$	-	$	202,593	$	214,063	
Total Revenues	$	727,428	$	679,691	$	64,982	$	744,674	$	746,335	

Expenditures						
Interest - 12/15	$	202,153	$	202,153	$	-	$	202,153	$	199,603	
Principal - 06/15	$	120,000	$	-	$	120,000	$	120,000	$	125,000	
Interest - 06/15	$	202,153	$	-	$	202,153	$	202,153	$	199,603
.	
Total Expenditures	$	524,306	$	202,153	$	322,153	$	524,306	$	524,206	

Other Financing Sources/(Uses)						
Transfer In (Out)	$	-	$	(6,304)	$	-	$	(6,304)	$	-	
Total Other Financing Sources/(Uses)	$	-	$	(6,304)	$	-	$	(6,304)	$	-	
						
Excess Revenues/(Expenditures)	$	203,122	$	471,234	$	(257,171)	$	214,063	$	222,129	

Interest 12/15/25  $	196,947

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Townhome 22'	75	$	40,416	$	539	$	573	
Townhome 25'	48	$	29,393	$	612	$	651	
Single Family 32'	90	$	70,543	$	784	$	834	
Single Family 40'	105	$	102,876	$	980	$	1,042	
Single Family 50'	204	$	249,841	$	1,225	$	1,303	
Single Family 60'	20	$	29,393	$	1,470	$	1,563	
	542	$	522,463			
Wellness Ridge Community Development District Series 2023 Special Assessment Bonds
Amortization Schedule

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