Grove Resort CDD
FY 2024 Proposed O&M Budget

Year To Date

Actual Through	Anticipated	Anticipated FY	
3/31/2023	4/2023-9/2023	2023 Total	

FY 2023
Adopted Budget

FY 2024
Proposed Budget

Revenues

On-Roll Assessments	$	169,076.42	$	89,335.43	$	258,411.85	$ 258,411.85	$  391,923.54	
3-Month Reserve	-	-	-	115,000.00	-	
Other Income & Other Financing Sources	21,963.63		43,927.26		65,890.89		85,000.00		85,000.00	
Net Revenues	$	191,040.05		$  133,262.69		$	324,302.74		$ 458,411.85		$  476,923.54	

General & Administrative Expenses

Supervisor Fees	$	800.00	$	1,200.00	$	2,000.00	$	2,400.00	$	2,400.00	
Trustee Services	4,471.62	5,528.38	10,000.00	10,000.00	10,000.00	
Management	13,750.02	13,749.98	27,500.00	27,500.00	27,500.00	
Engineering	753.12	1,506.24	2,259.36	10,000.00	10,000.00	
Dissemination Agent	2,500.00	7,500.00	10,000.00	10,000.00	10,000.00	
Property Appraiser	-	1,500.00	1,500.00	1,500.00	1,500.00	
District Counsel	19,514.43	39,028.86	58,543.29	60,000.00	60,000.00	
Assessment Administration	20,000.00	-	20,000.00	20,000.00	20,000.00	
Reamortization Schedules	125.00	625.00	750.00	750.00	750.00	
Audit	-	10,000.00	10,000.00	10,000.00	10,000.00	
Arbitrage Calculation	-	500.00	500.00	500.00	500.00	
Travel and Per Diem	452.31	904.62	1,356.93	500.00	500.00	
Telephone	-	50.00	50.00	50.00	50.00	
Postage & Shipping	22.94	45.88	68.82	300.00	300.00	
Legal Advertising	1,208.33	254.16	1,462.49	2,000.00	2,000.00	
Miscellaneous	-	500.00	500.00	500.00	500.00	
Office Supplies	-	250.00	250.00	250.00	250.00	
Property Taxes	-	-	-	150.00	150.00	
Web Site Maintenance	440.00	2,080.00	2,520.00	2,820.00	2,820.00	
Dues, Licenses, and Fees	175.00	-	175.00	175.00	175.00	
General Liability Insurance	1,420.00	4,802.65	6,222.65	6,222.65	6,844.92	
Property & Casualty	86,738.00	91,156.20	177,894.20	177,894.20	195,683.62	
Other Insurance	270.50	-	270.50	-	-	

3-Month Reserve	-	-

$	152,641.27		$	181,181.97		$	333,823.24		$ 458,511.85		$  476,923.54	
 $		152,641.27 		 $ 	181,181.97 		 $		333,823.24 		 $ 458,511.85 		 $  476,923.54 	
$	38,398.78		$	(47,919.28)		$	(9,520.50)		$	(100.00)		$	-	

$	
-		
$	
100.00		
$	
100.00		
$	100.00		
$	-	

Total General & Administrative Expenses

Total Expenses

Income (Loss) from Operations

-	115,000.00

115,000.00

Other Income (Expense)
Interest Income
Total Other Income (Expense)

$	-	$	100.00

$	100.00

$	100.00	$	-

    

Net Income (Loss)

$	38,398.78

$	(47,819.28)

$	(9,420.50)

$	-	$	-