Fontainbleau Lakes Community Development District

Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

FINAL BUDGET

FINAL MAINTENANCE BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL MAINTENANCE BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

DETAILED FINAL BUDGET
FONTAINBLEAU LAKES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025 BUDGET	
Administrative Assessments	92,775	
Maintenance Assessments	478,723	
Perimeter Fence Assessments	0	
Debt Assessments	463,915	
Other Revenues	0	
Interest Income	600	
TOTAL REVENUES	$	1,036,013	
		
EXPENDITURES		
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	3,000	
Payroll Taxes (Employer)	230	
Management	32,904	
Secretarial & Field Operations	6,300	
Legal	15,000	
Assessment Roll	10,000	
Audit Fees	3,400	
Arbitrage Rebate Fee	650	
Insurance	23,000	
Legal Advertisements	2,500	
Miscellaneous	2,200	
Postage	600	
Office Supplies	800	
Dues & Subscriptions	175	
Trustee Fee	3,250	
Continuing Disclosure Fee	350	
Website Management	1,750	
TOTAL ADMINISTRATIVE EXPENDITURES	$	106,109	
		
TOTAL MAINTENANCE EXPENDITURES	$	448,000	
		
TOTAL PERIMETER FENCE EXPENDITURES	$	-	
		
TOTAL EXPENDITURES	$	554,109	
		
REVENUES LESS EXPENDITURES	$	481,904	
		
Bond Payments	(436,080)	
		
BALANCE	$	45,824	
		
County Appraiser & Tax Collector Fee	(20,708)	
Discounts For Early Payments	(41,416)	
		
EXCESS/ (SHORTFALL)	$	(16,300)	
		
Carryover From Prior Year	16,300	
		
NET EXCESS/ (SHORTFALL)	$	-	

FINAL MAINTENANCE BUDGET
FONTAINBLEAU LAKES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

EXPENDITURES	

FISCAL YEAR 2024/2025 BUDGET	

MAINTENANCE EXPENDITURES		

Engineering/Annual Report/Inspections	
4,000	

Lake Tract Aquatic Maintenance (Includes Parcel 1)	
14,000	

Annual Landscape & Irrigation Maintenance	
110,000	

Landscaping Upkeep	
40,000	

Irrigation Systems Maintenance (North & South)	
10,000	

Community Lighting Upkeep (North & South)	
15,000	

FP&L - Power - Street Lighting (North & South)	
18,000	

FP&L - Power - Irrigation Pump Stations (N & S)	
3,000	

FP&L - Power - Lift Stations (North & South)	
5,000	

Roadways & Street Maintenance (North & South)	
35,000	

Fountain Maintenance (Tract A)	
3,000	

Entrance/Exit Gate Maintenance/Repairs (N & S)	
10,000	

Hurricane Preparedness/Miscellaneous	
12,000	

Lift Station Maintenance (North & South)	
25,000	

Miscellaneous Improvements (North & South)	
42,000	

Dumpster Rental	
0	

AT&T Wireless	
2,000	

Capital Improvements Fund - Las Ramblas (North)	
75,000	

Capital Improvements Fund - Las Sevillas (South)	
25,000	

TOTAL MAINTENANCE EXPENDITURES	
$	448,000	

EXTRAORDINARY EXPENDITURES		

Steel Perimeter Fence - Las Ramblas	
0	

TOTAL EXTRAORDINARY EXPENDITURES	
$	-	

DETAILED FINAL BUDGET
FONTAINBLEAU LAKES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	
Administrative Assessments	92,593	92,836	92,775	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	350,001	478,723	478,723	Expenditures/.94	
Perimeter Fence Assessments	0	287,234	0	Expenditures/.94	
Debt Assessments	463,916	463,915	463,915	Bond Payments/.94	
Other Revenues	13,200	0	0		
Interest Income	15,494	240	600	Interest Estimated At $50 Per Month	
TOTAL REVENUES	$	935,204	$	1,322,948	$	1,036,013		
					
EXPENDITURES					
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	2,200	3,000	3,000	Supervisor Fees	
Payroll Taxes (Employer)	168	230	230	Supervisor Fees * 7.65%	
Management	30,012	31,956	32,904	CPI Adjustment (Capped At 3%)	
Secretarial & Field Operations	6,300	6,300	6,300	No Change From 2023/2024 Budget	
Legal	22,273	13,000	15,000	$2,000 Increase From 2023/2024 Budget	
Assessment Roll	10,000	10,000	10,000	As Per Contract	
Audit Fees	3,200	3,300	3,400	Accepted Amount For 2023/2024 Audit	
Arbitrage Rebate Fee	650	650	650	No Change From 2023/2024 Budget	
Insurance	18,822	9,145	23,000	Fiscal Year 2023/2024 Expenditure Was $22,378	
Legal Advertisements	522	800	2,500	
Costs Will Increase Due To Closing Of The Miami Business Review	
Miscellaneous	2,229	2,200	2,200	No Change From 2023/2024 Budget	
Postage	678	600	600	No Change From 2023/2024 Budget	
Office Supplies	847	800	800	No Change From 2023/2024 Budget	
Dues & Subscriptions	175	175	175	No Change From 2023/2024 Budget	
Trustee Fee	3,250	3,250	3,250	No Change From 2023/2024 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2023/2024 Budget	
Website Management	1,750	1,750	1,750	No Change From 2023/2024 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	103,426	$	87,506	$	106,109		
					
TOTAL MAINTENANCE EXPENDITURES	$	450,946	$	450,000	$	448,000		
					
TOTAL PERIMETER FENCE EXPENDITURES	$	-	$	270,000	$	-	Las Ramblas - 2023/2024 Line Item Only	
					
TOTAL EXPENDITURES	$	554,372	$	807,506	$	554,109		
					
REVENUES LESS EXPENDITURES	$	380,832	$	515,442	$	481,904		
					
Bond Payments	(443,703)	(436,080)	(436,080)	2025 Principal & Interest Payments	
					
BALANCE	$	(62,871)	$	79,362	$	45,824		
					
County Appraiser & Tax Collector Fee	(8,750)	(26,454)	(20,708)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(30,659)	(52,908)	(41,416)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(102,280)	$	-	$	(16,300)		
					
Carryover From Prior Year	0	0	16,300	Carryover From Prior Year	

NET EXCESS/ (SHORTFALL)	
$	(102,280)	
$	-	
$	-		

DETAILED FINAL MAINTENANCE BUDGET
FONTAINBLEAU LAKES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

EXPENDITURES	

FISCAL YEAR 2022/2023
ACTUAL	

FISCAL YEAR 2023/2024
BUDGET	

FISCAL YEAR 2024/2025
BUDGET	

COMMENTS	

MAINTENANCE EXPENDITURES					

Engineering/Annual Report/Inspections	
5,170	
4,000	
4,000	
No Change From 2023/2024 Budget	

Lake Tract Aquatic Maintenance (Includes Parcel 1)	
10,762	
14,000	
14,000	
No Change From 2023/2024 Budget	

Annual Landscape & Irrigation Maintenance	
106,185	
110,000	
110,000	
No Change From 2023/2024 Budget	

Landscaping Upkeep	
48,654	
40,000	
40,000	
No Change From 2023/2024 Budget	

Irrigation Systems Maintenance (North & South)	
9,233	
10,000	
10,000	
No Change From 2023/2024 Budget	

Community Lighting Upkeep (North & South)	
12,340	
15,000	
15,000	
No Change From 2023/2024 Budget	

FP&L - Power - Street Lighting (North & South)	
21,034	
18,000	
18,000	
No Change From 2023/2024 Budget	

FP&L - Power - Irrigation Pump Stations (N & S)	
1,372	
3,000	
3,000	
No Change From 2023/2024 Budget	

FP&L - Power - Lift Stations (North & South)	
4,389	
5,000	
5,000	
No Change From 2023/2024 Budget	

Roadways & Street Maintenance (North & South)	
35,976	
35,000	
35,000	
No Change From 2023/2024 Budget	

Fountain Maintenance (Tract A)	
5,279	
3,000	
3,000	
No Change From 2023/2024 Budget	

Entrance/Exit Gate Maintenance/Repairs (N & S)	
10,875	
10,000	
10,000	
No Change From 2023/2024 Budget	

Hurricane Preparedness/Miscellaneous	
0	
15,000	
12,000	
$3,000 Decrease From 2023/2024 Budget	

Lift Station Maintenance (North & South)	
99,459	
25,000	
25,000	
No Change From 2023/2024 Budget	

Miscellaneous Improvements (North & South)	
78,584	
42,000	
42,000	
No Change From 2023/2024 Budget	

Dumpster Rental	
0	
1,000	
0	
Line Item Eliminated	

AT&T Wireless	
1,634	
0	
2,000	
AT&T Wireless	

Capital Improvements Fund - Las Ramblas (North)	
0	
75,000	
75,000	
Capital Improvements Fund - Las Ramblas (North)	

Capital Improvements Fund - Las Sevillas (South)	
0	
25,000	
25,000	
Capital Improvements Fund - Las Sevillas (South)	

TOTAL MAINTENANCE EXPENDITURES	
$	450,946	
$	450,000	
$	448,000		

EXTRAORDINARY EXPENDITURES					

Steel Perimeter Fence - Las Ramblas	
0	
270,000	
0	
No Change From 2023/2024 Budget	

TOTAL EXTRAORDINARY EXPENDITURES	
$	-	
$	270,000	
$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET
FONTAINBLEAU LAKES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023 ACTUAL	FISCAL YEAR 2023/2024 BUDGET	FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	

Interest Income	
24,740	
250	
500	
Projected Interest For 2024/2025	

NAV Tax Collection	
443,703	
436,080	
436,080	
Maximum Debt Service Collection	

Total Revenues	
$	468,443	
$	436,330	
$	436,580		

EXPENDITURES					

Principal Payments	
245,000	
245,000	
255,000	
Principal Payment Due In 2025	

Interest Payments	
194,144	
184,956	
178,388	
Interest Payments Due In 2025	

Bond Redemption	
0	
6,374	
3,192	
Estimated Excess Debt Collections	

Total Expenditures	
$	439,144	
$	436,330	
$	436,580		

Excess/ (Shortfall)	
$	29,299	
$	-	
$	-		

Series 2016 Bond Refunding Information

Original Par Amount =	$6,430,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	2.00% - 4.125%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	October 2016			
Maturity Date =

Par Amount As Of 1/1/24 =	May 2038

$4,855,000			

Fontainbleau Lakes Community Development District Assessment Comparison

Fiscal Year 2021/2022
Assessment
Before Discount*	Fiscal Year 2022/2023
Assessment
Before Discount*	Fiscal Year 2023/2024
Assessment
Before Discount*	Fiscal Year 2024/2025
Projected Assessment
Before Discount*	

Administrative Assessment For Single Family	
$	
215.94	
$	
222.71	$	229.23	
$	
229.08	
Maintenance Assessment For Single Family	$	871.43	$	864.20	$	1,182.04	$	1,182.04	
Perimeter Fence Assessment For Single Family	$	-	$	-	$	935.62	$	-	
Debt Assessment For Single Family	$	1,224.05	$	1,224.05	$	1,224.05	$	1,224.05	
Total	$	2,311.42	$	2,310.96	$	3,570.94	$	2,635.17	
Administrative Assessment For Townhomes	$	215.94	$	222.71	$	229.23	$	229.08	
Maintenance Assessment For Townhomes	$	871.43	$	864.20	$	1,182.04	$	1,182.04	
Perimeter Fence Assessment For Townhomes	$	-	$	-	$	935.62	$	-	
Debt Assessment For Townhomes	$	1,064.39	$	1,064.39	$	1,064.39	$	1,064.39	
Total	$	2,151.76	$	2,151.30	$	3,411.28	$	2,475.51	
Administrative Assessment For Courtyards	$	215.94	$	222.71	$	229.23	$	229.08	
Maintenance Assessment For Courtyards	$	871.43	$	864.20	$	1,182.04	$	1,182.04	
Extraordinary Assessment For Courtyards	$	-	$	-	$	-	$	-	
Debt Assessment For Courtyards	$	957.95	$	957.95	$	957.95	$	957.95	
Total	$	2,045.32	$	2,044.86	$	2,369.22	$	2,369.07	

* Assessments Include the Following :		
4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee		
Community Information:		
Single Family Units (Las Ramblas)	271	
Townhomes (Las Ramblas)	36	
Courtyards (Las Sevillas)	98	
Total Units	405	

5/10/2024 4:03 PM	VI