Amended Budget	
Fiscal Year 2019	

Green Corridor	
P.A.C.E. District	

October 4, 2019

	
GREEN CORRIDOR	
P.A.C.E DISTRICT	
General Fund Budget Amendment - FY2019	
Resolution 2020-02	

$100,000	
$250,000	
$250,000	

$0	
($250,000)	
($250,000)	

$100,000	
$0	
$0	

District Recovery Fees	
Interest Income	

$750,000	
$0	

$200,000	
$7,000	

$950,000	
$7,000	

Total Income	 	$750,000	 	$207,000	 	$957,000 

FY2019	
Adopted	
 	Budget		

Proposed	
Increase/	
 	(Decrease)		

FY2019	
Amended	
 	Budget		

 Description		
Income	

Expenditures
Administrative

Attorney Fees	
Annual Audit	
Management Fees	
Financial Advisor	
Contract Processing Fees	
Telephone	
Postage	
Insurance	
Printing & Binding	
Legal Advertising	
Other Current Charges	
Website Administration	
Website Compliance	
Office Supplies	
Dues, Licenses & Subscriptions	

$150,000	
$12,000	
$12,000	
$0	
$48,000	
$50	
$125	
$5,610	
$750	
$10,000	
$500	
$500	
$0	
$100	
$175	

$70,000	
$41,000	
$25,000	
$5,000	
$10,000	
$0	
$250	
$0	
$0	
$0	
$0	
$0	
$5,525	
$0	
$0	

$220,000	
$53,000	
$37,000	
$5,000	
$58,000	
$50	
$375	
$5,610	
$750	
$10,000	
$500	
$500	
$5,525	
$100	
$175	

Total Admin	 	$239,810	 	$45,775	 	$396,585 

Field	
Florida Sun Project	
Rebuildiing Florida	
Projects - Type 2	

Total Field	
 	$600,000 		
 	($500,000)		
 	$100,000 	
Total Expenses	 	$839,810 		 	($454,225)		 	$496,585 	

GREEN CORRIDOR	
P.A.C.E DISTRICT	
Debt Service Fund Budget Amendment - FY2019	
Resolution 2020-02	

FY2019	
Adopted	
 	Budget		

Proposed	
Increase/	
 	(Decrease)		

FY2019	
Amended	
 	Budget		

 Description		
Income	

Assessments/Prepayments	
Interest Income	

$0	
$0	

$95,000,000	
$110,000	

$95,000,000	
$110,000	

Total Income	 	$0	 	$95,110,000	 	$95,110,000 Expenditures

Total	 	$0	 	$91,000,000	 	$91,000,000 

Prinipal Expense	
Interest Expense	

$0	
$0	

$63,000,000	
$28,000,000	

$63,000,000	
$28,000,000	

Other Financing Sources/(Uses)	
Administrative Fees	

$0	($150,000)	($150,000)

Total Field	 	$0	 		($150,000)	 		($150,000) Total Expenses	 	$0	 	$3,960,000	 	$3,960,000 

Green Corridor
P.A.C.E. District
GENERAL FUND BUDGET

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 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.

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.

Green Corridor
P.A.C.E. District
GENERAL FUND BUDGET

Administrative: (continued)

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.

Website Compliance

Per Chapter 2014-22, Laws of Florida,  Districts must have a website to provide detailed information 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.

Field:

Special Projects

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