Amended Budget
Fiscal Year 2023

Orchid Grove Community Development District

March 9, 2023

Orchid Grove
Community Development District

TABLE OF CONTENTS

General Fund
Budget Narrative

Page 1 - 2
Page 3 - 6

Debt Service Fund

Series 2013 Budget
Amortization Schedule - 2013

Page 7
Page 8

Series 2015 Budget
Amortization Schedule - 2015

Page 9
Page 10

Orchid Grove
Community Development District

General Fund

FY2022
Adopted
	Budget	

Actual thru
	7/31/22	

Projected Next
	2 Months	

Total Projected at
	9/30/22	

FY2023
Amended
	Budget	

 Description	

Revenues

Maintenance Assessments Interest/Miscellaneous Income Unassigned Fund Balance

$347,207
$750
$222,976

$351,778
$1,977
$356,842

$0
$452
$0

$351,778
$2,429
$356,842

$347,207
$750
$226,554

Total Revenues

	$570,933 

	$710,597 

	$452 

	$711,049 

	$574,511 

Expenditures

Administrative Supervisor Fees FICA Payable Engineering Dissemination Arbitrage Attorney
Annual Audit Trustee Fees Property Appraiser Management Fees Assessment Roll Computer Time Website Compliance Telephone
Postage Insurance Printing & Binding Legal Advertising
Other Current Charges Office Supplies
Dues, Licenses Capital Outlay

$12,000
$918
$16,500
$2,500
$600
$25,000
$5,100
$7,900
$1,000
$32,692
$2,500
$1,000
$1,000
$25
$950
$6,200
$800
$1,750
$1,000
$175
$175
$250

$4,600
$352
$5,230
$2,083
$0
$13,725
$4,200
$3,500
$858
$27,243
$2,500
$833
$833
$0
$441
$5,758
$562
$331
$525
$140
$175
$0

$2,000
$153
$1,500
$417
$600
$4,575
$900
$4,364
$0
$5,449
$0
$167
$167
$25
$88
$0
$112
$778
$105
$28
$0
$0

$6,600
$505
$6,730
$2,500
$600
$18,300
$5,100
$7,864
$858
$32,692
$2,500
$1,000
$1,000
$25
$529
$5,758
$674
$1,109
$630
$168
$175
$0

$12,000
$918
$16,500
$2,500
$600
$25,000
$5,100
$7,900
$1,000
$34,327
$2,500
$1,000
$1,000
$25
$950
$6,200
$850
$1,000
$750
$175
$175
$250

Total Administrative

	$120,035 

	$73,890 

	$21,427 

	$95,317 

	$120,720 

Field

Field Management
FPL-Electric Lift Stations A/B FPL- Lighting Agreement
Lift Station/Lake Maintenance Contingency
Capital Outlay

$10,000
$11,000
$44,000
$20,000
$15,500
$50,000

$8,333
$7,488
$34,563
$5,595
$8,204
$0

$1,667
$1,498
$6,913
$1,119
$1,641
$50,000

$10,000
$8,985
$41,476
$6,714
$9,845
$50,000

$10,500
$11,000
$44,000
$20,000
$15,500
$10,000

Total Field

	$150,500 

	$64,184 

	$62,837 

	$127,020 

	$111,000 

Clubhouse Operating and Maintenance

Management - Castle
Management - Clubhouse Attendant Insurance
Water Utilities Electric Utilities Security Cable/Wifi/Alarm Pool Maintenance

$30,000
$15,000
$11,000
$2,700
$14,000
$19,200
$165
$16,000

$25,000
$12,500
$12,195
$1,829
$12,758
$4,800
$785
$9,256

$5,000
$2,500
$0
$366
$2,552
$6,400
$0
$6,744

$30,000
$15,000
$12,195
$2,194
$15,309
$11,200
$785
$16,000

$30,000
$15,000
$12,500
$2,700
$15,000
$34,620
$300
$16,000

Page 1

Orchid Grove
Community Development District

General Fund

FY2022
Adopted Budget

Actual thru 7/31/22

Projected Next
	2 Months	

Total Projected at
	9/30/22	

FY2023
Amended
	Budget	

 Description	

Clubhouse Operating and Maintenance (continued)

Plant Replacement/Mulch
Landscape Maintenance - Clubhouse Building Supplies Maintenance Fitness Equipment Repair/Replacement
Miscellaneous Maintenance Capital Outlay
First Quarter Operating

$5,000
$12,096
$13,500
$10,000
$12,000
$23,000
$50,000
$66,496

$5,463
$3,024
$6,014
$671
$12,755
$6,740
$25,891
$0

$0
$9,072
$1,203
$134
$2,500
$1,348
$24,109
$60,551

$5,463
$12,096
$7,217
$805
$15,255
$8,088
$50,000
$60,551

$5,000
$45,000
$13,500
$10,000
$12,000
$23,000
$50,000
$58,172

Total Clubhouse O&M

$300,157

$139,680

	$122,478 

	$262,158 

	$342,792 

Total Expenditures

$570,691

$277,754

	$206,741 

	$484,495 

	$574,512 

Assigned Fund Balance

$242

$432,843

($206,289)

$226,554

($0)

FY2021

FY2022

FY2023

Page 2

Net Assessments	$347,206.86	$347,206.86
Plus Tax Collector Fees (2%)	$7,387.38	$7,387.38
Plus Discounts (4%)	$14,774.76	$14,774.76
Gross Assessments	$369,369.00	$369,369.00 No. of Units		429		429
Per Unit Assessments	$861.00	$861.00

$347,206.86
$7,387.38
$14,774.76

$369,369.00
429
$861.00

Orchid Grove
Community Development District

General Fund

REVENUES:

Maintenance Assessments
It is presently anticipated that the District will levy a Maintenance Assessment to all landowners within the District to funding the Operations and Maintenance for the fiscal year.

Interest/Miscellaneous Income
The District will have all excess funds invested with the State Board of Administration. The Amount is based upon the estimated average balance of funds available during the fiscal year.

EXPENDITURES:

Administrative:

Supervisor Fees
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon all five supervisors attending the estimated 12 annual meetings.

FICA Expense
Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

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.

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.

Trustee Fees
The District has issued Series 2013 bonds which are held with a Trustee at Wells Fargo and a Series 2015 which are held with a trustee at US Bank. The amount of the trustee fees is based on the agreement between US Bank and the District.

Property Appraiser
The fee charged by the Broward County Property Appraiser for extending the Special Assessment on the county tax roll for tax year 2020.

Assessment Roll
The District receives Annual Assessment Administration of 1% of assessments not to exceed $5,000 Annually by GMS- SF, LLC. The fees of $2,500 proposed is a discounted rate proposed by GMS-SF, LLC.

Page 3

Orchid Grove
Community Development District

General Fund

Administrative: (continued)

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

Computer Time
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.

Website Compliance
Per Chapter 2014-22, Laws of Florida, all Districts 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 monthly.

Telephone
Telephone and fax machine.

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

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. Florida Insurance Alliance 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.

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.

Page 4

Orchid Grove
Community Development District

General Fund

Field:

Management
The District has a contract with GMS, S. FL for the everyday management of the community.
FPL-Electric Lift Stations A/B
The District has two lift stations at 649 S Cypress Road which Florida Power & Light supply electric to, currently operating at 100% and Decorative lights throughout the District.

FPL-Lighting Agreements (20yrs)
The District has a lighting facility at 651 S. Cypress Rd. Phase 1 which Florida Powers & Light supply electric to, with a 20yr contract at $390.00 per month.

The District has a lighting facility at 651 S. Cypress Rd. Phase 2 which Florida Powers & Light supply electric to, with a 20yr contract at $865.00 per month.

The District has a Decorative Lights at 651 SW 1st Avenue which on average is $1,066. Per month.

The District will also be adding new lights throughout the year which will run about another $15,000 in electrical expenses.

Lift Station/Lake Maintenance
The District currently contracts with Allstate Resource Management for Lake Maintenance. The contract is $348 per month. In addition, the District contracts with Pump Station Maintenance for Lift Station Service, the contact is $220 per month per lift station.
Contingency
Unscheduled repairs and maintenance to the District’s Facilities throughout the community.

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.

Clubhouse Operation and Maintenance:

Management
The District has a contract with Castle Management for the everyday management of the community.

Clubhouse Attendant
The District has a contract with Castle Management for club attendants.

Insurance
The District's General Liability, Property and Flood Insurance policy is with Florida Insurance Alliance. Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.

Water Utilities
The City of Pompano Beach supplies Water/Sewer services to the District.

Electric Utilities
Florida Power and Light supplies the District with electrical services.
Security
The District reimburses Orchid Grove Association $1,600 for security services to the Clubhouse.
Cable/Wi-Fi/Alarm
The District pays TEM System for the gate house cloud subscription.
Pool Maintenance
The District has a contract with B&B Pools, Inc. for the maintenance of the pool.

Landscape Maintenance – Clubhouse
The District reimburses a portion to the Orchid Grove Association for the maintenance of the landscape around the Clubhouse.

Page 5

Orchid Grove
Community Development District

General Fund

Clubhouse Operation and Maintenance: (continued

Plant Replacement/Mulch
The District has a contract with B&R Industries, Inc. for plant replacement and mulch replacing around the Clubhouse.

Building Supplies Maintenance
These are expenses are related to the supplies and maintenance of the Clubhouse.
Fitness Equipment
The District has a contract with The Fitness Solution, Inc. for the maintenance of fitness equipment in the Clubhouse.

Repair and Replacement
Regular maintenance and replacements

Miscellaneous Maintenance
Unscheduled maintenance and repairs.

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.

Page 6

Orchid Grove
Community Development District

Debt Service Fund
Series 2013 Special Assessment Revenue Bonds

FY2022
Adopted
	Budget	

Actual thru
	7/31/22	

Projected Next
	2 Months	

Total Projected at
	9/30/22	

FY2023
Amended
	Budget	

 Description	

Revenues:

Special Assessments Interest Income
Carry Forward Surplus (1)

$93,986
$0
$37,853

$95,223
$80
$42,116

$0
$16
$0

$95,223
$96
$42,116

$93,986
$0
$42,158

Total Revenues

	$131,839 

	$137,420 

	$16 

	$137,436 

	$136,144 

Expenditures

Series 2013 Interest - 11/1 Interest - 5/1 Principal - 5/1

$15,139
$15,139
$65,000

$15,139
$15,139
$65,000

$0
$0
$0

$15,139
$15,139
$65,000

$14,066
$14,066
$65,000

Total Expenditures

	$95,278 

	$95,278 

	$0 

	$95,278 

	$93,133 

Excess Revenues/(Expenditures)

	$36,562 

	$42,142 

	$16 

	$42,158 

	$43,012 

Carry Forward Surplus is Net of the Reserve Fund Requirement.(1)

11/1/2023 Interest 11/1/2023 Principal

$12,994
$787,500

Page 7

Net Assessments
Plus Tax Collector Fees (2%) Plus Discounts (4%)
Gross Assessments No. of Units
Units	Per Unit Assessment
TH-Park (OK)	157	$233.61
TH-Park (OH)	41	$233.61
TH-City (OM)	75	$233.61
TH-City (OI)	41	$233.61
TH-Lakes (OL)	83	$233.61
TH-Lakes (OL)	18	$233.61
TH-Lakes (OJ)	13	$233.61

FY2023
$93,985.98
$1,999.70
	$3,999.40 
$99,985.08
428

Total

$36,676.77
$9,578.01
$17,520.75
$9,578.01
$19,389.63
$4,204.98
$3,036.93

Total	428	$99,985.08

Orchid Grove
Community Development District

Series 2013, Special Assessment Revenue Bonds
Amortization Schedule

PRINCIPAL
	BALANCE	

	DATE	

	RATE	

  INTEREST	

  PRINCIPAL	

	TOTAL	

01-May-22

$917,500.00

3.300%

$15,138.75

$65,000.00

01-Nov-23

$787,500.00

3.300%

$12,993.75

$787,500.00

$879,560.00

	Total	

	$56,265.00 

	$917,500.00 

	$973,765.00 

Page 8

01-Nov-22	$852,500.00	3.300%	$14,066.25	$0.00	$94,205.00
01-May-23	$852,500.00	3.300%	$14,066.25	$65,000.00

Orchid Grove
Community Development District

Debt Service Fund Series 2015 Special Assessment Refunding Bonds

FY2022
Adopted
	Budget	

Actual thru
	7/31/22	

Projected Next
	2 Months	

Total Projected at
	9/30/22	

FY2023
Amended
	Budget	

 Description	

Revenues:

Special Assessments Interest Income
Carry Forward Surplus (1)

$444,311
$0
$205,092

$450,160
$529
$206,316

$0
$106
$0

$450,160
$635
$206,316

$444,311
$0
$208,536

Total Revenues

	$649,403 

	$657,005 

	$106 

	$657,111 

	$652,847 

Expenditures

Series 2013 Interest - 11/1 Interest - 5/1 Principal - 5/1

$114,538
$114,538
$220,000

$114,288
$114,288
$220,000

$0
$0
$0

$114,288
$114,288
$220,000

$109,338
$109,338
$225,000

Total Expenditures

	$449,075 

	$448,575 

	$0 

	$448,575 

	$443,675 

Excess Revenues/(Expenditures)

	$200,328 

	$208,430 

	$106 

	$208,536 

	$209,172 

Carry Forward Surplus is Net of the Reserve Fund Requirement.(1)

11/1/2023 Interest

$104,275

Page 9

Net Assessments
Plus Tax Collector Fees (2%) Plus Discounts (4%)
Gross Assessments No. of Units
Units	Per Unit Assessment
TH-Park (OK)	157	$1,050.86
TH-Park (OH)	41	$1,016.45
TH-City (OM)	75	$1,131.35
TH-City (OI)	41	$1,069.97
TH-Lakes (OL)	83	$1,207.37
TH-Lakes (OL)	18	$1,207.37
TH-Lakes (OJ)	13	$1,180.54

FY2023
$444,311
$9,453
	$18,907 
$472,671
428
Total

$164,985
$41,674
$84,851
$43,869
$100,212
$21,733
$15,347

Total	428	$472,671

Orchid Grove
Community Development District

Series 2015, Special Assessment Refunding Bonds
Amortization Schedule

PRINCIPAL
	BALANCE	

	DATE	

	RATE	

	INTEREST	

  PRINCIPAL	

	TOTAL	

01-May-22

$4,665,000.00

4.500%

$114,287.50

$220,000.00

01-Nov-23
01-May-24
01-Nov-24
01-May-25
01-Nov-25
01-May-26
01-Nov-26
01-May-27
01-Nov-27
01-May-28
01-Nov-28
01-May-29
01-Nov-29
01-May-30
01-Nov-30
01-May-31
01-Nov-31
01-May-32
01-Nov-32
01-May-33
01-Nov-33
01-May-34
01-Nov-34
01-May-35
01-Nov-35
01-May-36

$4,220,000.00
$4,220,000.00
$3,980,000.00
$3,980,000.00
$3,730,000.00
$3,730,000.00
$3,470,000.00
$3,470,000.00
$3,195,000.00
$3,195,000.00
$2,910,000.00
$2,910,000.00
$2,610,000.00
$2,610,000.00
$2,290,000.00
$2,290,000.00
$1,955,000.00
$1,955,000.00
$1,605,000.00
$1,605,000.00
$1,235,000.00
$1,235,000.00
$845,000.00
$845,000.00
$435,000.00
$435,000.00

4.500%
4.500%
4.500%
4.500%
4.500%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%

$104,275.00
$104,275.00
$98,875.00
$98,875.00
$93,250.00
$93,250.00
$86,750.00
$86,750.00
$79,875.00
$79,875.00
$72,750.00
$72,750.00
$65,125.00
$65,125.00
$57,125.00
$57,125.00
$48,750.00
$48,750.00
$40,000.00
$40,000.00
$30,750.00
$30,750.00
$21,000.00
$21,000.00
$10,750.00
$10,750.00

$438,612.50

$240,000.00

$443,150.00

$250,000.00

$442,125.00

$260,000.00

$440,000.00

$275,000.00

$441,625.00

$285,000.00

$437,625.00

$300,000.00

$437,875.00

$320,000.00

$442,250.00

$335,000.00

$440,875.00

$350,000.00

$438,750.00

$370,000.00

$440,750.00

$390,000.00

$441,750.00

$410,000.00

$441,750.00
$440,750.00

$430,000.00

	Total	

 $1,951,512.50 

 $4,660,000.00 

 $6,611,512.50 

Page 10

01-Nov-22	$4,445,000.00	4.500%	$109,337.50	$443,625.00
01-May-23	$4,445,000.00	4.500%	$109,337.50	$225,000.00