Grove Resort CDD
FY2025 Revised Budget

		FY 2025	
Revised Budget	

Revenues			
On-Roll Assessments	$	950,580.59	
Off-Roll Assessments		328.91	
Other Revenue		90,000.00	
Net Revenues	$	1,040,909.50	
General & Administrative Expenses			
Supervisor Fees	$	4,800.00	
Trustee Services		10,000.00	
Management		27,500.00	
Engineering		12,000.00	
Disclosure Agent		10,000.00	
Property Appraiser		1,500.00	
District Counsel		57,750.00	
Assessment Administration		20,000.00	
Reamortization Schedules		750.00	
Audit		10,000.00	
Arbitrage Calculation		1,000.00	
Travel and Per Diem		1,800.00	
Telephone		50.00	
Postage & Shipping		1,250.00	
Legal Advertising		2,500.00	
Miscellaneous		2,000.00	
Office Supplies		50.00	
Property Taxes		150.00	
Web Site Maintenance		2,820.00	
Dues, Licenses, and Fees		175.00	
General Liability Insurance		15,700.00	
Property & Casualty		366,720.50	
Cyber Liability		660.00	
3-Month Reserve		115,000.00	
Capex Reserve		376,734.00	
Total General & Administrative Expenses	$	1,040,909.50	
Total Expenses	 $ 	1,040,909.50	
Income (Loss) from Operations	$	-	
Other Income (Expense)			
Interest Income	$	-	
Total Other Income (Expense)	$	-	
Net Income (Loss)	$	-