Adopted Budget	
Fiscal Year 2020	

Green Corridor	
P.A.C.E. District	

October 4, 2019

Green Corridor	General Fund

Adopted	
Budget	
 	FY2019		

Actual	
Thru	
 	8/31/2019		

Projected	
Next	
 	1 months		

Projected	
thru	
 	9/30/2019		

Adopted	
Budget	
 	FY2020		

P.A.C.E District

 Description	

Revenues	
Closing Fee Revenue Share	
Interest Income	
Carry Forward Surplus	

$750,000	
$0	
$910,135	

$758,925	
$5,369	
$829,224	

$252,975	
$1,500	
$0	

$1,011,900	
$6,869	
$829,224	

$750,000	
$5,000	
$1,461,445	

Total Revenues	 	$1,660,135	 	$1,593,518	 	$254,475	 	$1,847,993	 	$2,216,445 

Expenditures

Administrative	
Attorney - General	$150,000	
Attorney - Bond Doc Drafting	$0	
Attorney - Litigation/Misc	$0	
Annual Audit	$12,000	
Management Fees	$12,000	
Financial Advisor	$0	
Contract Processing	$48,000	
Telephone	$50	
Postage	$125	
Insurance	$5,610	
Printing & Binding	$750	
Legal Advertising	$10,000	
Website Compliance	$500	
Other Current Charges	$500	
Office Supplies	$100	
Dues, Licenses & Subscriptions	$175	
TOTAL ADMINISTRATIVE	 	$239,810 	

$69,882	
$71,587	
$68,383	
$43,000	
$33,917	
$5,000	
$34,604	
$14	
$357	
$5,610	
$697	
$0	
$5,983	
$370	
$133	
$175	
 	$339,712 	

$6,988	
$7,159	
$6,838	
$10,000	
$3,083	
$0	
$11,535	
$50	
$32	
$0	
$63	
$1,000	
$42	
$34	
$12	
$0	
$30,883	

$76,870	
$78,746	
$75,221	
$53,000	
$37,000	
$5,000	
$46,139	
$64	
$389	
$5,610	
$760	
$1,000	
$6,025	
$404	
$145	
$175	
 	$386,548 	

$75,000	
$90,000	
$75,000	
$20,000	
$37,000	
$10,000	
$48,000	
$50	
$125	
$6,171	
$1,000	
$2,500	
$1,500	
$500	
$100	
$175	
 	$367,121 	

Special Projects	
Florida Sun	
Insulation Program	
Rebuilding Miami	
Undesignated	

TOTAL SPECIAL	 	$600,000 		 	$46,563 		 	$295,000 		 	$341,563 		 	$700,000 	
TOTAL EXPENDITURES	 	$839,810 		 	$386,275 		 	$325,883 		 	$728,111 		 	$1,067,121 	
Net Income	 	$820,325 		$1,253,806		$223,592		$1,461,445		$1,149,323	

$100,000	
$0	
$0	
$500,000	

$46,563	
$0	
$0	
$0	

$50,000	
$0	
$20,000	
$225,000	

$96,563	
$0	
$20,000	
$225,000	

$100,000	
$100,000	
$0	
$500,000	

Page 1

REVENUES:

Closing Fee Revenue Share

Represents a fee for the processing of each application to the Districts. Fees are collected by Ygrene Energy Fund Florida, LLC and remitted to the District on a quarterly basis.

EXPENDITURES:

Administrative:

Attorney

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.

Contract Processing

The District pays a fee for every contract that is processed by Governmental Management Services – South Florida, LLC.

Telephone

This category includes all charges relating to telephone calls, conference calls, and faxes made to and on behalf of the District.

Postage

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

Insurance

The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity 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.

Administrative: (continued)

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.

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.

Special Projects

Represents future anticipated projects to allocated funds, to be determined by the Board.