Adopted Budget
Fiscal Year 2022

Mirada Community Development District

September 10, 2021

Mirada
Community Development District

TABLE OF CONTENTS

General Fund Budget Narrative
Debt Service Fund Budget
Amortization Schedule

Page 1
Page 2-3

Page 4
Page 5

Mirada
Community Development District

General Fund

FY2021
Adopted
 	Budget	

Actual thru
 	7/31/2021	

Projected Next
 	2 Months	

Total Projected at
 	9/30/2021	

FY2022
Adopted
 	Budget	

 Description	

Revenues

Maintenance Assessments- Tax Roll Interest  Earned

$67,534
$250

$69,013
$125

$0
$0

$69,013
$125

$67,534
$250

Total Revenues

 	$67,784 

 	$69,138 

 	$0 

 	$69,138 

 	$67,784 

Expenditures

Administrative

Engineering Attornes Fees Dissemination Audit   Fees Trustee Fees Management Fees
Website Compliance Telephone
Postage  Insurance   Printing & Binding Legal Advertising
Other Current Charges Office Supplies
Dues, Licenses & Subscriptions Contingency
1st Quarter Operating Wetland Monitoring

$2,500
$10,000
$2,500
$3,700
$1,500
$22,660
$1,000
$50
$250
$6,000
$500
$2,400
$600
$100
$175
$500
$13,349
$0

$1,730
$5,439
$2,083
$3,600
$1,500
$18,883
$833
$0
$219
$6,037
$108
$0
$485
$30
$175
$0
$0
$3,600

$770
$3,000
$417
$0
$0
$3,777
$167
$50
$31
$0
$392
$1,175
$115
$70
$0
$500
$5,562
$0

$2,500
$8,439
$2,500
$3,600
$1,500
$22,660
$1,000
$50
$250
$6,037
$500
$1,175
$600
$100
$175
$500
$5,562
$3,600

$2,500
$10,000
$2,500
$3,700
$1,500
$22,660
$1,000
$50
$250
$6,641
$500
$2,400
$600
$100
$175
$500
$12,708
$0

Administrative  Expenditures

 	$67,784 

 	$44,723 

 	$16,025 

 	$60,748 

 	$67,784 

Ending Fund Balance

$0

$24,415

($16,025)

$8,390

$0

Page 1

FY 2021
Gross Assessments		$71,845.00 Minus Collections & Discounts (6%)	 	($4,310.70)
Net Assessments	 	$67,534.30 No. of Units			136
Net Per Unit Assessments	$496.58
Gross Per Unit Assessments	$528.27

FY 2022
$71,845.00

($4,310.70)

$67,534.30

136
$496.58
$528.27

Mirada
Community Development District

General Fund

REVENUES:

Special Assessments – Tax Roll
The District will levy a Maintenance Assessment on all assessable property within the District.

EXPENDITURES:

Administrative:

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

attendance  and

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, resolutions etc.

Dissemination Agent
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.

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

Trustee Fees
The District issued Series 2016 bonds which are held with a Trustee at Regions Bank. The amount of the trustee fees is based on the agreement between Regions Bank and the District.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – South Florida, LLC.

Website Compliance
Per Section 189.069 F.S, all District must have a website by October 1, 2015 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 as required by the Statute.

Telephone
Telephone and facsimile.

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

Page 2

Mirada
Community Development District

General Fund

Administrative: (continued)

Insurance
The District will bind General Liability & Public Officials Liability Insurance with a firm that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.

Printing & Binding
Printing and Binding agenda packages 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 that 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.

Contingency
Unscheduled expenses incurred throughout the year.

1st Quarter Operating

These funds are the first quarter assessments are collected.

of

the  following  fiscal year

of

expenses

the

District

will

incur

before

Page 3

Mirada
Community Development District

Debt Service Fund
Series 2016 Special Assessment Bonds

FY2021
Adopted
 	Budget	

Actual Thru
 	7/31/2021	

Projected Next
 	2 Months	

Total Projected
 	9/30/2021	

FY2022
Adopted
 	Budget	

 Description	

Revenues

Special Assessments - Tax Roll Interest Income
Carry Forward Surplus (1)

$129,850
$750
$63,313

$132,692
$13
$63,714

$0
$0
$0

$132,692
$13
$63,714

$129,850
$750
$66,407

Total Revenues

 	$193,913 

 	$196,420 

 	$0 

 	$196,420 

 	$197,007 

Expenditures

Series 2016 Interest - 11/01 Interest - 05/01 Principal - 05/01

$45,506
$45,506
$39,000

$45,506
$45,506
$39,000

$0
$0
$0

$45,506
$45,506
$39,000

$44,785
$44,785
$41,000

Total Expenditures

 	$130,013 

 	$130,013 

 	$0 

 	$130,013 

 	$130,570 

Excess Revenues/(Expenditures)

$63,901

$66,407

$0

$66,407

$66,438

11/2022 Interest

$44,026

(1) Carry forward surplus is net of the reserve requirement.

Page 4

FY 2021
Gross Assessments		$138,138.38 Minus Collections & Discounts (6%)	 		($8,288.30)
Net Assessments	 	$129,850.08 No. of Units			136
Net Per Unit Assessments	$954.78
Gross Per Unit Assessments*	$1,015.72

*Annual assessment when collected on Lee County tax bill

FY 2022
$138,138.38 ($8,288.30)

$129,850.08

136
$954.78
$1,015.72

Mirada
Community Development District

Amortization Schedule
Series 2016, Special Assessment Bonds (1)

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
11/01/37
05/01/38
11/01/38
05/01/39
11/01/39
05/01/40
11/01/40
05/01/41
11/01/41
05/01/42
11/01/42
05/01/43
11/01/43
05/01/44
11/01/44
05/01/45
11/01/45
05/01/46

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

1,827,000
1,827,000
1,785,000
1,785,000
1,741,000
1,741,000
1,695,000
1,695,000
1,647,000
1,647,000
1,597,000
1,597,000
1,544,000
1,544,000
1,489,000
1,489,000
1,431,000
1,431,000
1,370,000
1,370,000
1,306,000
1,306,000
1,239,000
1,239,000
1,169,000
1,169,000
1,096,000
1,096,000
1,019,000
1,019,000
938,000
938,000
853,000
853,000
764,000
764,000
670,000
670,000
572,000
572,000
469,000
469,000
360,000
360,000
246,000
246,000
126,000
126,000

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

- 42,000.00
- 44,000.00
- 46,000.00
- 48,000.00
- 50,000.00
- 53,000.00
- 55,000.00
- 58,000.00
- 61,000.00
- 64,000.00
- 67,000.00
- 70,000.00
- 73,000.00
- 77,000.00
- 81,000.00
- 85,000.00
- 89,000.00
- 94,000.00
- 98,000.00
- 103,000.00
- 109,000.00
- 114,000.00
- 120,000.00
- 126,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

44,026.25
44,026.25
43,107.50
43,107.50
42,145.00
42,145.00
41,138.75
41,138.75
40,088.75
40,088.75
43,532.00
38,995.00
37,736.25
37,736.25
36,430.00
36,430.00
35,052.50
35,052.50
33,603.75
33,603.75
32,083.75
32,083.75
30,492.50
30,492.50
28,830.00
28,830.00
27,096.25
27,096.25
25,267.50
25,267.50
23,343.75
23,343.75
21,325.00
21,325.00
19,100.00
19,100.00
16,750.00
16,750.00
14,300.00
14,300.00
11,725.00
11,725.00
9,000.00
9,000.00
6,150.00
6,150.00
3,150.00
3,150.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

- 130,052.50
- 130,215.00
- 130,290.00
- 130,277.50
- 130,177.50
- 135,527.00
- 130,472.50
- 130,860.00
- 131,105.00
- 131,207.50
- 131,167.50
- 130,985.00
- 130,660.00
- 131,192.50
- 131,535.00
- 131,687.50
- 131,650.00
- 132,200.00
- 131,500.00
- 131,600.00
- 132,450.00
- 132,000.00
- 132,300.00
- 132,300.00

 	Total	

  $	1,945,000 

  $	1,599,413 

  $	3,544,413 

(1) Please note that the Series 2016 Special Assessment Revenue Bonds has 4 maturities.

Page 5

11/01/21	$	1,868,000	$	-	$	44,784.75	$	-
05/01/22	$	1,868,000	$	41,000.00	$	44,784.75	$	130,569.50

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL