Adopted Budget
Fiscal Year 2022

Baywinds   Community Development District

July 29, 2021

Baywinds
Community Development District

TABLE OF CONTENTS

General Fund Budget Narrative

Page 1-2
Page 3-5

Debt Service Fund - Series 2017A Budget
Amortization  Schedule 2017A-1
Amortization  Schedule 2017A-2

Page 6
Page 7
Page 8

Baywinds
Community Development District

General Fund

Adopted Budget
     FY 2021	

Actual thru
   6/30/2021 

Projected Next
    3 Months 

Total Projected at
   9/30/2021 

Adopted Budget
     FY 2022	

 Description	

Revenues

Carry Forward Surplus Maintenance Assessments Interest income

$145,314
$332,161
$500

$144,591
$330,752
$186

$0
$2,387
$30

$144,591
$333,139
$216

$6,914
$471,060
$240

Total Revenues

 	$477,975 

 	$475,529 

 	$2,417 

 	$477,946 

 	$478,214 

Expenditures

Administrative Supervisor Fees FICA Expense Engineering Fees Arbitrage Dissemination Assessment Roll Attorney Fees Annual Audit Management Fees Telephone Postage
Printing & Binding Insurance
Legal Advertising Website Compliance Other Current Charges Office Supplies
Dues, Licenses, Subscriptions

$6,000
$459
$5,000
$600
$2,500
$2,000
$20,000
$3,700
$43,606
$200
$1,000
$1,000
$6,514
$1,000
$1,000
$650
$250
$175

$1,000
$77
$333
$0
$1,875
$2,000
$7,523
$3,700
$32,704
$0
$101
$155
$6,218
$99
$750
$670
$0
$175

$1,000
$77
$4,668
$600
$625
$0
$12,477
$0
$10,902
$200
$399
$345
$0
$500
$250
$300
$125
$0

$2,000
$153
$5,000
$600
$2,500
$2,000
$20,000
$3,700
$43,606
$200
$500
$500
$6,218
$599
$1,000
$970
$125
$175

$6,000
$459
$5,000
$600
$2,500
$2,000
$20,000
$3,800
$43,606
$200
$1,000
$1,000
$6,529
$1,000
$1,000
$650
$250
$175

Total Administrative

 	$95,654 

 	$57,379 

 	$32,467

 	$89,846

 	$95,769 

Field
Field Management Utility - Electric
Utility -Electric Streetlighting Electric Repairs
General Repairs & Maintenance Landscape Maintenance Landscape Contingency
Tree Trimming Service Plant Replacement Sidewalk Maintenance

$15,862
$3,600
$13,745
$1,500
$20,000
$192,830
$50,000
$20,000
$10,000
$8,500

$11,896
$2,022
$9,326
$0
$20,225
$142,609
$32,404
$0
$10,400
$0

$3,966
$600
$3,106
$1,500
$6,535
$42,783
$17,596
$20,000
$0
$10,000

$15,862
$2,622
$12,432
$1,500
$26,760
$185,392
$50,000
$20,000
$10,400
$10,000

$15,862
$3,600
$12,435
$1,500
$20,000
$192,830
$50,000
$20,000
$10,000
$10,000

Page 1

Baywinds
Community Development District

General Fund

Adopted Budget
     FY 2021	

Actual thru
   6/30/2021 

Projected Next
    3 Months 

Total Projected at
   9/30/2021 

Adopted Budget
     FY 2022	

 Description	

Field (continued) Lake Maintenance Lake Debris Removal Irrigation Repairs Stormwater Service Holiday Decorations Capital Outlay

$2,180
$1,000
$8,000
$10,000
$20,000
$5,104

$1,635
$0
$2,890
$0
$20,038
$0

$545
$1,000
$5,110
$10,000
$0
$5,000

$2,180
$1,000
$8,000
$10,000
$20,038
$5,000

$2,180
$1,000
$8,000
$10,000
$20,038
$5,000

Total Field

 	$382,321 

 	$253,445 

 	$127,740 

 	$381,185 

 	$382,445 

Total Expenditures

 	$477,975 

 	$310,824 

 	$160,207 

 	$471,031 

 	$478,214 

Excess Revenues/(Expenditures)

 	$0 

 	$164,704 

    ($157,790)

 	$6,914 

 	$0 

Net change in fund balance

 	$0 

$164,704

($157,790)

$6,914

$0

Page 2

FY2021	FY2022	Increase
Gross Assessment	$349,643	$495,853	$146,210 Less: Disc & Coll (5%)		(17,482)		(24,793)		(7,310)
Net Assessment	$332,161	$471,060	$138,899
# Units	1,072	1,072	1,072
Net Per Unit Assessment	$309.85	$439.42	$129.57 Gross Per Unit Assessment	$326.16	$462.55	$136.39

Baywinds
Community Development District

General Fund

REVENUES:

Maintenance Assessments
The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all the operating expenses for the Fiscal Year in accordance with the adopted budget.

EXPENDITURES:

Administrative:

Supervisor Fees
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year.

FICA Expense
Represents the Employer's share of Social Security.

Engineering Fees
The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Arbitrage
The District is required to have an annual arbitrage rebate calculation on the District’s Bonds. The District will contract with an independent auditing firm to perform the calculations.

Dissemination
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Assessment Roll
The costs associated with preparing, processing and administering the annual assessment place on the County’s tax roll. Fee is 1% of assessments not to exceed $2,000 annually.

Attorney Fees
The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – South Florida, LLC. These services are further outlined in Exhibit "A" of the  Management Agreement.

Telephone
Telephone and fax machine.

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. FIA specializes in providing insurance coverage to governmental agencies.

Page 3

Baywinds
Community Development District

General Fund

Administrative: (continued)

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

Website Compliance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.

Other Current Charges
Bank charges and any other miscellaneous expenses that may be incurred during the year.

Office Supplies
Miscellaneous office supplies.

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

Capital Outlay
Represents any minor capital expenditures the District may need to make during the Fiscal Year such as a file cabinet for District files.

Field:

Field Management
The supervision and on-site management of Baywinds CDD. The responsibilities include reviewing contracts and maintenance related items.

other

Electric
Includes electricity for the lift stations and common areas.

Electric Streetlighting
The District has accounts with City of Homestead for the street lighting on Spine Road and the entryways.

Electric Repairs
Any repairs associated with the electrical service to the lift stations and common area.

General Repairs & Maintenance
Any miscellaneous repairs not included in another budget line item.

Landscape Maintenance
Landscaping of the common area. Includes grass cutting, pest control, fertilization, mulching, pruning and porter service.

Landscape Contingency
Includes any miscellaneous expense related to the landscaping of the common area.

Tree Trimming Service
Tree trimming throughout the district.

Plants Replacement
The District will go into contract for the replacement of plants needed along the common areas.

Sidewalk Maintenance
Represents pressure washing of the District sidewalks.

Lake Maintenance
Includes monthly cleaning of all District lakes.

Page 4

Baywinds
Community Development District

General Fund

Field: (continued)

Lake Debris Removal
Includes cleaning of lake shorelines of any debris.

Irrigation Repairs
Includes any miscellaneous irrigation repairs and maintenance.

Stormwater Services
Annual Storm Drain Cleaning for all Storm Drains throughout the District.

Holiday Decorations
The District will decorate common areas for the Holidays.

Capital Outlay
Represents any capital expenditures the District may need to make during the Fiscal Year.

Page 5

Baywinds
Community Development District

Debt Service Fund Series 2017A1/2 Special Assessment Refunding Bonds

Adopted Budget
     FY 2021	

Actual thru
   6/30/2021 

Projected Next
    3 Months 

Total Projected at
   9/30/2021 

Adopted Budget
     FY 2022	

 Description	

Revenues

Carry Forward Surplus (1) Special Assessments Interest Income

$242,884
$776,912
$5,000

$239,568
$773,500
$63

$0
$5,585
$15

$239,568
$779,085
$78

$228,869
$776,912
$0

Total Revenues

   $1,024,796 

   $1,013,131 

 	$5,600 

   $1,018,731 

   $1,005,781 

Expenditures

Series 2017A-1 Interest - 11/1 Principal - 5/1 Interest - 5/1

$137,806
$295,000
$137,806

$137,806
$295,000
$137,806

$0
$0
$0

$137,806
$295,000
$137,806

$132,644
$305,000
$132,644

Series 2017A-2 Interest - 11/1 Principal - 5/1 Interest - 5/1

$54,625
$100,000
$54,625

$54,625
$100,000
$54,625

$0
$0
$0

$54,625
$100,000
$54,625

$52,875
$105,000
$52,875

Total Expenditures

 	$779,863 

 	$779,863 

 	$0 

 	$779,863 

 	$781,038 

Excess Revenue/(Expenditures)

 	$244,933 

$233,269

$5,600

$238,869

$224,743

Other Financing Sources/(Uses):

Trustee Fees

($10,000)

($9,167)

($833)

($10,000)

($10,000)

Total Other Financing Sources/(Uses)

 	($10,000)

 	($9,167)

 	($833)

 	($10,000)

 	($10,000)

Net change in Fund balance

 	$234,933 

$224,102

$4,767

$228,869

$214,743

(1) Carry forward is net of Reserve Fund requirement.

Interest Payment - 11/1/22 A-1
Interest Payment - 11/1/22 A-2

$127,306
 	$51,038 
 	$178,344 

Page 6

Net per Lot	Gross per Lot	Net Total	Gross Total
Land Use	Units	FY 2022	FY 2022	FY 2022	FY 2022

50' SFH	91	$795.52	$837.38	$72,392.32	$76,201.58
60' SFH	167	$818.08	$861.14	$136,619.86	$143,810.38
30' SFH	75	$702.92	$739.92	$52,719.30	$55,494.00
40' SFH	263	$772.25	$812.89	$203,100.57	$213,790.07 Townhomes	475	$657.01	$691.59	$312,079.99	$328,505.25

TOTALS	1071	$776,912.04	$817,801.28

Baywinds
Community Development District

Series 2017A-1, Special Assessment Refunding Bonds (1)
Amortization Schedule

PRINCIPAL
 	BALANCE	

 	DATE	

 	INTEREST	

 	PRINCIPAL	

 	TOTAL	

11/01/22
05/01/23
11/01/23
05/01/24
11/01/24
05/01/25
11/01/25
05/01/26
11/01/26
05/01/27
11/01/27
05/01/28
11/01/28
05/01/29
11/01/29
05/01/30
11/01/30
05/01/31
11/01/31
05/01/32
11/01/32
05/01/33
11/01/33
05/01/34
11/01/34
05/01/35
11/01/35
05/01/36
11/01/36
05/01/37

$6,290,000.00
$6,290,000.00
$5,975,000.00
$5,975,000.00
$5,650,000.00
$5,650,000.00
$5,310,000.00
$5,310,000.00
$4,960,000.00
$4,960,000.00
$4,595,000.00
$4,595,000.00
$4,220,000.00
$4,220,000.00
$3,825,000.00
$3,825,000.00
$3,415,000.00
$3,415,000.00
$2,985,000.00
$2,985,000.00
$2,540,000.00
$2,540,000.00
$2,075,000.00
$2,075,000.00
$1,590,000.00
$1,590,000.00
$1,085,000.00
$1,085,000.00
$555,000.00
$555,000.00

$127,306.25
$127,306.25
$121,793.75
$121,793.75
$116,106.25
$116,106.25
$110,156.25
$110,156.25
$104,031.25
$104,031.25
$97,643.75
$97,643.75
$89,675.00
$89,675.00
$81,281.25
$81,281.25
$72,568.75
$72,568.75
$63,431.25
$63,431.25
$53,975.00
$53,975.00
$44,093.75
$44,093.75
$33,787.50
$33,787.50
$23,056.25
$23,056.25
$11,793.75
$11,793.75

$0.00
$315,000.00
$0.00
$325,000.00
$0.00
$340,000.00
$0.00
$350,000.00
$0.00
$365,000.00
$0.00
$375,000.00
$0.00
$395,000.00
$0.00
$410,000.00
$0.00
$430,000.00
$0.00
$445,000.00
$0.00
$465,000.00
$0.00
$485,000.00
$0.00
$505,000.00
$0.00
$530,000.00
$0.00
$555,000.00

$0.00
$569,612.50
$0.00
$568,587.50
$0.00
$572,212.50
$0.00
$570,312.50
$0.00
$573,062.50
$0.00
$570,287.50
$0.00
$574,350.00
$0.00
$572,562.50
$0.00
$575,137.50
$0.00
$571,862.50
$0.00
$572,950.00
$0.00
$573,187.50
$0.00
$572,575.00
$0.00
$576,112.50
$0.00
$578,587.50

(1)Please note that the Series 2017A-1 Special Assessment Revenue Bonds has 12 maturities.

Page 7

Total	$2,566,687.50	$6,595,000.00	$9,161,687.50

11/01/21	$6,595,000.00	$132,643.75	$0.00	$0.00
05/01/22	$6,595,000.00	$132,643.75	$305,000.00	$570,287.50

Baywinds
Community Development District

Series 2017A-2, Special Assessment Refunding Bonds (1)
Amortization Schedule

PRINCIPAL
 	BALANCE	

 	DATE	

 	INTEREST	

 	PRINCIPAL	

 	TOTAL	

11/01/22
05/01/23
11/01/23
05/01/24
11/01/24
05/01/25
11/01/25
05/01/26
11/01/26
05/01/27
11/01/27
05/01/28
11/01/28
05/01/29
11/01/29
05/01/30
11/01/30
05/01/31
11/01/31
05/01/32
11/01/32
05/01/33
11/01/33
05/01/34
11/01/34
05/01/35
11/01/35
05/01/36
11/01/36
05/01/37

$2,265,000.00
$2,265,000.00
$2,155,000.00
$2,155,000.00
$2,040,000.00
$2,040,000.00
$1,920,000.00
$1,920,000.00
$1,795,000.00
$1,795,000.00
$1,665,000.00
$1,665,000.00
$1,530,000.00
$1,530,000.00
$1,390,000.00
$1,390,000.00
$1,245,000.00
$1,245,000.00
$1,090,000.00
$1,090,000.00
$930,000.00
$930,000.00
$760,000.00
$760,000.00
$585,000.00
$585,000.00
$400,000.00
$400,000.00
$205,000.00
$205,000.00

$51,037.50
$51,037.50
$48,837.50
$48,837.50
$46,537.50
$46,537.50
$44,137.50
$44,137.50
$41,637.50
$41,637.50
$39,037.50
$39,037.50
$36,337.50
$36,337.50
$33,012.50
$33,012.50
$29,568.75
$29,568.75
$25,887.50
$25,887.50
$22,087.50
$22,087.50
$18,050.00
$18,050.00
$13,893.75
$13,893.75
$9,500.00
$9,500.00
$4,868.75
$4,868.75

$0.00
$110,000.00
$0.00
$115,000.00
$0.00
$120,000.00
$0.00
$125,000.00
$0.00
$130,000.00
$0.00
$135,000.00
$0.00
$140,000.00
$0.00
$145,000.00
$0.00
$155,000.00
$0.00
$160,000.00
$0.00
$170,000.00
$0.00
$175,000.00
$0.00
$185,000.00
$0.00
$195,000.00
$0.00
$205,000.00

$0.00
$212,075.00
$0.00
$212,675.00
$0.00
$213,075.00
$0.00
$213,275.00
$0.00
$213,275.00
$0.00
$213,075.00
$0.00
$212,675.00
$0.00
$211,025.00
$0.00
$214,137.50
$0.00
$211,775.00
$0.00
$214,175.00
$0.00
$211,100.00
$0.00
$212,787.50
$0.00
$214,000.00
$0.00
$214,737.50

(1)Please note that the Series 2017A-2 Special Assessment Revenue Bonds has 3 maturities.

Page 8

Total	$1,034,612.50	$2,370,000.00	$3,404,612.50

11/01/21	$2,370,000.00	$52,875.00	$0.00	$0.00
05/01/22	$2,370,000.00	$52,875.00	$105,000.00	$210,750.00