Baywinds	
Community Development District	

Approved Proposed Budget	
FY 2025	

Table of Contents

1-2

3-6

7-'9

	General Fund

	Narratives

	Debt Service Fund Series 2017

10		Assessment Schedule

Baywinds	
Community Development District	
Proposed Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed
Budget	
Description	FY2024	1/31/24	8 Months	9/30/24	FY 2025	

REVENUES:

Maintenance Assessments	$603,784	$584,192	$20,955	$605,147	$603,784	
Interest Income	2,000	3,193	5,000	8,193	4,000	
Carry Forward Balance	2,000	21,268	-	21,268	21,268	

TOTAL REVENUES	$607,784	$608,653	$25,955	$634,608	$629,052	

EXPENDITURES:

Administrative:						
Supervisor Fees	$6,000	$800	$5,000	$5,800	$6,000	
FICA Taxes	459	61	383	444	$459	
Engineering	5,000	-	5,000	5,000	5,000	
Attorney	20,000	5,435	14,565	20,000	20,000	
Annual Audit	3,200	3,200	-	3,200	3,200	
Assessment Administration	2,000	2,000	-	2,000	2,070	
Arbitrage Rebate	600	-	600	600	600	
Dissemination Agent	2,500	833	1,667	2,500	2,588	
Management Fees	47,160	15,720	31,440	47,160	48,810	
Website Maintenance	1,200	400	-	400	1,242	
Telephone	200	-	200	200	200	
Postage & Delivery	1,000	14	986	1,000	1,000	
Insurance General Liability	7,610	7,195	-	7,195	7,610	
Printing & Binding	200	25	175	200	200	
Legal Advertising	1,000	-	1,000	1,000	800	
Other Current Charges	450	30	420	450	271	
Office Supplies	250	-	250	250	250	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$99,003	$35,889	$61,684	$97,573	$100,474	

Baywinds	
Community Development District	
Proposed Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed
Budget	
Description	FY2024	1/31/24	8 Months	9/30/24	FY 2025	

Operations & Maintenance

Field Expenditures						
Field Management	$17,155	$5,718	$11,437	$17,155	$17,755	
Traffic Enforcement/Enhanced Security	-	-	-	-	-	
Utility - Electric	3,600	1,269	2,331	3,600	4,600	
Utility - Electric Streetlighting	13,778	4,893	10,107	15,000	15,000	
Electric Repairs	1,500	-	1,500	1,500	1,500	
General Repairs & Maintenance	20,000	900	16,800	17,700	30,000	
Landscape Maintenance	192,830	57,044	135,478	192,522	192,522	
Landscape Contingency	30,000	-	30,000	30,000	30,000	
Tree Trimming Service	112,000	-	112,000	112,000	112,000	
Plant Replacement	10,000	7,927	2,073	10,000	10,000	
Sidewalk Maintenance	10,000	10,100	-	10,100	10,000	
Lake Maintenance	2,180	727	1,453	2,180	2,180	
Lake Debris Removal	1,000	-	1,000	1,000	1,000	
Irrigation Repairs	8,000	8,990	-	8,990	8,000	
Stormwater Service	10,000	-	10,000	10,000	10,000	
Holiday Decorations	25,338	18,290	13,490	31,780	31,780	
Seasonal Banners	11,400	2,448	9,792	12,240	12,240	
Reserve	40,000	-	40,000	40,000	40,000	

TOTAL FIELD EXPENDITURES	$508,781	$118,306	$397,461	$515,767	$528,578	

TOTAL EXPENDITURES	$607,784	$154,195	$459,145	$613,340	$629,052	

EXCESS REVENUES (EXPENDITURES)	$-	$454,458	$(433,190)	$21,268	$-	

Baywinds	
Community Development District	
Budget Narrative	
Fiscal Year 2024	

REVENUES	

Maintenance Assessments
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.	
Interest Income
The District earns interest on the monthly average collected balance for each of their operating accounts.	

Expenditures - Administrative	

Supervisors Fees
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated
$200 per meeting in which they attend.  The budgeted amount for the fiscal year is based on all supervisors attending 6 meetings.	
FICA Taxes
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.	
Engineering
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.	
Attorney
The District’s Attorney, Scott D. Clark, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research	
Annual Audit
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus	
Assessment Administration
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with Osceola Tax Collector and financial advisory services.	
Arbitrage Rebate
The District has contracted with its independent auditors to annually calculate the arbitrage rebate liability on its	
Dissemination Agent
The bond indenture requests a special annual report on the District’s development activity. The District has contracted with GMS provide these reports. The amount is based upon the contract	
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with GMS-South, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Website Maintenance
This represents cost for community website construction and maintenance.	
Telephone
New internet and Wi-Fi service for Office.	
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	

Baywinds	
Community Development District	
Budget Narrative	
Fiscal Year 2024	

Expenditures - Administrative (continued)	

Insurance General Liability
The District's General Liability & Public Officials Liability Insurance policy is with Egis Agency, Inc. They specialize in providing insurance coverage to governmental agencies.	
Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Other Current Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.	
Expenditures – Field	

Field Management
The supervision and on-site management of Baywinds CDD. The responsibilities include reviewing contracts and other maintenance related items.	
Traffic Enforcement/Enhanced Security
Security patrol throughout the District.	
Utility-Electric
Electricity accounts with FPL for lift stations and common areas.	
Utility-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.	

Baywinds	
Community Development District	
Budget Narrative	
Fiscal Year 2024	

Expenditures – 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.	
Seasonal Banners
Agreement with Florida CDI, LLC to install banners in Fall, Holidays, Spring, Patriotic and Summer	
Reserve
Reserve for future improvement projects.	

Baywinds	
Community Development District	
Proposed Budget	
Debt Service Series 2017	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed
Budget	
Description	FY2024	1/31/24	8 Months	9/30/24	FY 2025	

REVENUES:

Maintenance Assessments	$776,911	$751,696	$26,963	$778,659	$776,911	
Interest Income	5,000	10,947	5,000	15,947	5,000	
Carry Forward Balance	231,376	216,194	-	216,194	219,538	

TOTAL REVENUES	$1,013,287	$978,838	$31,963	$1,010,801	$1,001,449	

EXPENDITURES:

Series 2017A-1						
Interest - 11/1	$121,794	$121,794	$-	$121,794	$116,106	
Principal - 5/1	325,000	-	325,000	325,000	$340,000	
Interest - 5/1	121,794	-	121,794	121,794	$116,106	
Series 2017A-2						
Interest - 11/1	48,838	48,838	-	48,838	46,538	
Principal - 5/1	115,000	-	115,000	115,000	$120,000	
Interest - 5/1	48,838	-	48,838	48,838	46,538	
Trustee Fees	10,000	10,000	-	10,000	10,000	

TOTAL EXPENDITURES	$791,263	$180,631	$610,631	$791,263	$795,288	

EXCESS REVENUES (EXPENDITURES)	$222,025	$798,206	$(578,668)	$219,538	$206,162	

11/24 Interest A1	$110,156	
11/24 Interest A2 		44,138 	
	$154,294	

Baywinds	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2017 A-1	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/24	$5,650,000	3.500%	$0	$116,106	$562,900	
05/01/25	$5,650,000	3.500%	$340,000	$116,106		
11/01/25	$5,310,000	3.500%	$0	$110,156	$566,263	
05/01/26	$5,310,000	3.500%	$350,000	$110,156		
11/01/26	$4,960,000	3.500%	$0	$104,031	$564,188	
05/01/27	$4,960,000	3.500%	$365,000	$104,031		
11/01/27	$4,595,000	3.500%	$0	$97,644	$566,675	
05/01/28	$4,595,000	4.250%	$375,000	$97,644		
11/01/28	$4,220,000	4.250%	$0	$89,675	$562,319	
05/01/29	$4,220,000	4.250%	$395,000	$89,675		
11/01/29	$3,825,000	4.250%	$0	$81,281	$565,956	
05/01/30	$3,825,000	4.250%	$410,000	$81,281		
11/01/30	$3,415,000	4.250%	$0	$72,569	$563,850	
05/01/31	$3,415,000	4.250%	$430,000	$72,569		
11/01/31	$2,985,000	4.250%	$0	$63,431	$566,000	
05/01/32	$2,985,000	4.250%	$445,000	$63,431		
11/01/32	$2,540,000	4.250%	$0	$53,975	$562,406	
05/01/33	$2,540,000	4.250%	$465,000	$53,975		
11/01/33	$2,075,000	4.250%	$0	$44,094	$563,069	
05/01/34	$2,075,000	4.250%	$485,000	$44,094		
11/01/34	$1,590,000	4.250%	$0	$33,788	$562,881	
05/01/35	$1,590,000	4.250%	$505,000	$33,788		
11/01/35	$1,085,000	4.250%	$0	$23,056	$561,844	
05/01/36	$1,085,000	4.250%	$530,000	$23,056		
11/01/36	$555,000	4.250%	$0	$11,794	$564,850	
05/01/37	$555,000	4.250%	$555,000	$11,794	566,794	

TOTAL	$5,650,000	$1,803,200	$7,899,994	

Baywinds	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2017 A-2	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/24	$2,040,000	4.000%	$0	46,538	46,537.50	
05/01/25	$2,040,000	4.000%	$120,000	46,538		
11/01/25	$1,920,000	4.000%	$0	44,138	$210,675	
05/01/26	$1,920,000	4.000%	$125,000	44,138		
11/01/26	$1,795,000	4.000%	$0	41,638	$210,775	
05/01/27	$1,795,000	4.000%	$130,000	41,638		
11/01/27	$1,665,000	4.000%	$0	39,038	$210,675	
05/01/28	$1,665,000	4.000%	$135,000	39,038		
11/01/28	$1,530,000	4.000%	$0	36,338	$210,375	
05/01/29	$1,530,000	4.750%	$140,000	36,338		
11/01/29	$1,390,000	4.750%	$0	33,013	$209,350	
05/01/30	$1,390,000	4.750%	$145,000	33,013		
11/01/30	$1,245,000	4.750%	$0	29,569	$207,581	
05/01/31	$1,245,000	4.750%	$155,000	29,569		
11/01/31	$1,090,000	4.750%	$0	25,888	$210,456	
05/01/32	$1,090,000	4.750%	$160,000	25,888		
11/01/32	$930,000	4.750%	$0	22,088	$207,975	
05/01/33	$930,000	4.750%	$170,000	22,088		
11/01/33	$760,000	4.750%	$0	18,050	$210,138	
05/01/34	$760,000	4.750%	$175,000	18,050		
11/01/34	$585,000	4.750%	$0	13,894	$206,944	
05/01/35	$585,000	4.750%	$185,000	13,894		
11/01/35	$400,000	4.750%	$0	9,500	$208,394	
05/01/36	$400,000	4.750%	$195,000	9,500		
11/01/36	$205,000	4.750%	$0	4,869	$209,369	
05/01/37	$205,000	4.750%	$205,000	4,869	$209,869	

Total	$2,040,000	$729,113	$2,769,113	

Baywinds	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2025-2024	

Neighborhood	O&M Units	Bonds Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	FY 2025	FY 2024	Variance	FY 2025	FY 2024	Variance	FY 2025	FY 2024	Variance	

50' SFH	

91	

91	

$592.88	

$592.88	

$0.00	

$837.38	

$837.38	

$0.00	

$1,430.26	

$1,430.26	

$0.00	
60' SFH	167	167	$592.88	$592.88	$0.00	$861.14	$861.14	$0.00	$1,454.02	$1,454.02	$0.00	
30' SFH	75	75	$592.88	$592.88	$0.00	$739.92	$739.92	$0.00	$1,332.80	$1,332.80	$0.00	
40' SFH	263	263	$592.88	$592.88	$0.00	$812.89	$812.89	$0.00	$1,405.77	$1,405.77	$0.00	
Townhomes	476	475	$592.88	$592.88	$0.00	$691.59	$691.59	$0.00	$1,284.47	$1,284.47	$0.00	
Total	1072	1071				

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