Amended Budget
Fiscal Year 2023

Mirada Community Development District

November 3, 2023

Mirada
Community Development District

TABLE OF CONTENTS

General Fund
Budget	Page 1
Narrative	Page 2-3
Debt Service Fund
Budget	Page 4
Amortization Schedule	Page 5

Mirada		
Community Development District									General Fund	
	Adopted		Actual		Projected		Total		Amended	

 Description		Budget
	FY2022			thru
	4/30/22			Next
5 Months		Projected at
9/30/22		Budget
FY2023	

Revenues										
Maintenance Assessments- Tax Roll	$67,534		$68,965		$0		$68,965		$67,534	
Interest Revenues	$250		$47		$65		$112		$125	
Undesignated Fund Balance	$0		$0		$0		$0		$95,000	
Total Revenues		$67,784 			$69,012 			$65 			$69,077 			$162,659 	
Expenditures										
Administrative										
Engineering Fees	$2,500		$4,261		$3,044		$7,305		$7,500	
Attorney Fees	$10,000		$3,100		$3,100		$6,200		$7,000	
Dissemination Agent	$2,500		$1,458		$1,042		$2,500		$2,500	
Annual Audit	$3,700		$4,000		$0		$4,000		$4,000	
Trustee Fees	$1,500		$3,500		$0		$3,500		$3,500	
Management Fees	$22,660		$13,218		$9,442		$22,660		$23,340	
Website Compliance	$1,000		$583		$417		$1,000		$2,015	
Telephone	$50		$0		$27		$27		$50	
Postage	$250		$55		$100		$155		$150	
General Liability Insurance	$6,641		$6,248		$0		$6,248		$6,500	
Printing & Binding	$500		$301		$215		$516		$700	
Legal Advertising	$2,400		$1,060		$1,000		$2,060		$2,400	
Other Current Charges	$600		$367		$262		$629		$1,000	
Office Supplies	$100		$58		$41		$99		$100	
Dues, Licenses & Subscriptions	$175		$175		$0		$175		$175	
Contingency	$500		$0		$0		$0		$0	
1st Quarter Operating/Contingency	$12,708		$0		$0		$0		$6,729	
Administrative Expenditures		$67,784 			$38,385 			$18,690 			$57,074 			$67,659 	
Field										
Storm Cleanup	$0		$0		$0		$0		$15,000	
Irrigation Pump System	$0		$0		$0		$0		$80,000	
Field Expenditures		$0 			$0 			$0 			$0 			$95,000 	
Total Expenditures		$67,784 			$38,385 			$18,690 			$57,074 			$162,659 	
Ending Fund Balance		$0 			$30,627 			($18,625) 			$12,002 			$0 	

	FY 2022	FY 2023	
Gross Assessments	$71,845.00	$71,845.00	
Minus Collections & Discounts (6%)	  ($4,310.70) 		($4,310.70)	
Net Assessments	  $67,534.30 		$67,534.30	
No. of Units	136	136	
Net Per Unit Assessments	$496.58	$496.58	
Gross Per Unit Assessments	$528.27	$528.27	

Mirada
Community Development District	General Fund

REVENUES:

Special Assessments – Tax Roll
The District will levy a Maintenance Assessment on all assessable property within the District.

EXPENDITURES:

Administrative:

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.

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, resolutions etc.

Dissemination Agent
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.

Audit Fees
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Trustee Fees
The District issued Series 2016 bonds which are held with a Trustee at Regions Bank. The amount of the trustee fees is based on the agreement between Regions Bank and the District.

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

Website Compliance
Per Section 189.069 F.S, all District 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 as required by the Statute.

Telephone
Telephone and facsimile.

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

Mirada
Community Development District	General Fund

Administrative: (Continued)

Insurance
The District will bind General Liability & Public Officials Liability Insurance with a firm that 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.

Contingency
Unscheduled expenses incurred throughout the year.

1st Quarter Operating

These funds are the first quarter of the following fiscal year of expenses the District will incur before assessments are collected.

Mirada	Debt Service Fund
Community Development District	Series 2016 Special Assessment Bonds

	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Amended
Budget	
 Description				FY2022				4/30/22			5 Months		9/30/22		FY2023	

Revenues											
Special Assessments - Tax Roll		$129,850		$132,601		$0		$132,601		$129,850	
Interest Income		$750		$19		$0		$19		$0	
Carry Forward Surplus (1)		$66,407		$66,407		$0		$66,407		$68,458	
Total Revenues		$197,007 			$199,027 			$0 			$199,027 			$198,308 	

Expenditures										
Series 2016										
Interest - 11/1	$44,785		$44,785		$0		$44,785		$44,026	
Interest - 5/1	$44,785		$0		$44,785		$44,785		$44,026	
Principal - 5/1	$41,000		$0		$41,000		$41,000		$42,000	
Total Expenditures		$130,570 			$44,785 			$85,785 			$130,570 			$130,053 	
Excess Revenues/(Expenditures)		$66,438 			$154,242 			($85,785) 			$68,458 			$68,255 	

	11/2023 Interest	$43,108	
	FY 2022	FY 2023	
Gross Assessments	$138,138.38	$138,138.38	
Minus Collections & Discounts (6%)		($8,288.30) 		($8,288.30)	
Net Assessments		$129,850.08 		$129,850.08	
No. of Units	136	136	
Net Per Unit Assessments	$954.78	$954.78	
Gross Per Unit Assessments*	$1,015.72	$1,015.72	
*Annual assessment when collected on Lee County tax bill	
(1) Carry forward surplus is net of the reserve requirement.

Mirada	Amortization Schedule
Community Development District	Series 2016, Special Assessment Bonds (1)

DATE	BALANCE	COUPON	PRINCIPAL		INTEREST		TOTAL	
								
11/01/22	$1,827,000.00	4.375%	$0.00		$44,026.25		$0.00	
05/01/23	$1,827,000.00	4.375%	$42,000.00		$44,026.25		$130,052.50	
11/01/23	$1,785,000.00	4.375%	$0.00		$43,107.50		$0.00	
05/01/24	$1,785,000.00	4.375%	$44,000.00		$43,107.50		$130,215.00	
11/01/24	$1,741,000.00	4.375%	$0.00		$42,145.00		$0.00	
05/01/25	$1,741,000.00	4.375%	$46,000.00		$42,145.00		$130,290.00	
11/01/25	$1,695,000.00	4.375%	$0.00		$41,138.75		$0.00	
05/01/26	$1,695,000.00	4.375%	$48,000.00		$41,138.75		$130,277.50	
11/01/26	$1,647,000.00	4.375%	$0.00		$40,088.75		$0.00	
05/01/27	$1,647,000.00	4.375%	$50,000.00		$40,088.75		$130,177.50	
11/01/27	$1,597,000.00	4.750%	$0.00		$38,995.00		$0.00	
05/01/28	$1,597,000.00	4.750%	$53,000.00		$38,995.00		$130,990.00	
11/01/28	$1,544,000.00	4.750%	$0.00		$37,736.25		$0.00	
05/01/29	$1,544,000.00	4.750%	$55,000.00		$37,736.25		$130,472.50	
11/01/29	$1,489,000.00	4.750%	$0.00		$36,430.00		$0.00	
05/01/30	$1,489,000.00	4.750%	$58,000.00		$36,430.00		$130,860.00	
11/01/30	$1,431,000.00	4.750%	$0.00		$35,052.50		$0.00	
05/01/31	$1,431,000.00	4.750%	$61,000.00		$35,052.50		$131,105.00	
11/01/31	$1,370,000.00	4.750%	$0.00		$33,603.75		$0.00	
05/01/32	$1,370,000.00	4.750%	$64,000.00		$33,603.75		$131,207.50	
11/01/32	$1,306,000.00	4.750%	$0.00		$32,083.75		$0.00	
05/01/33	$1,306,000.00	4.750%	$67,000.00		$32,083.75		$131,167.50	
11/01/33	$1,239,000.00	4.750%	$0.00		$30,492.50		$0.00	
05/01/34	$1,239,000.00	4.750%	$70,000.00		$30,492.50		$130,985.00	
11/01/34	$1,169,000.00	4.750%	$0.00		$28,830.00		$0.00	
05/01/35	$1,169,000.00	4.750%	$73,000.00		$28,830.00		$130,660.00	
11/01/35	$1,096,000.00	4.750%	$0.00		$27,096.25		$0.00	
05/01/36	$1,096,000.00	4.750%	$77,000.00		$27,096.25		$131,192.50	
11/01/36	$1,019,000.00	4.750%	$0.00		$25,267.50		$0.00	
05/01/37	$1,019,000.00	4.750%	$81,000.00		$25,267.50		$131,535.00	
11/01/37	$938,000.00	4.750%	$0.00		$23,343.75		$0.00	
05/01/38	$938,000.00	4.750%	$85,000.00		$23,343.75		$131,687.50	
11/01/38	$853,000.00	5.00%	$0.00		$21,325.00		$0.00	
05/01/39	$853,000.00	5.00%	$89,000.00		$21,325.00		$131,650.00	
11/01/39	$764,000.00	5.00%	$0.00		$19,100.00		$0.00	
05/01/40	$764,000.00	5.00%	$94,000.00		$19,100.00		$132,200.00	
11/01/40	$670,000.00	5.00%	$0.00		$16,750.00		$0.00	
05/01/41	$670,000.00	5.00%	$98,000.00		$16,750.00		$131,500.00	
11/01/41	$572,000.00	5.00%	$0.00		$14,300.00		$0.00	
05/01/42	$572,000.00	5.00%	$103,000.00		$14,300.00		$131,600.00	
11/01/42	$469,000.00	5.00%	$0.00		$11,725.00		$0.00	
05/01/43	$469,000.00	5.00%	$109,000.00		$11,725.00		$132,450.00	
11/01/43	$360,000.00	5.00%	$0.00		$9,000.00		$0.00	
05/01/44	$360,000.00	5.00%	$114,000.00		$9,000.00		$132,000.00	
11/01/44	$246,000.00	5.00%	$0.00		$6,150.00		$0.00	
05/01/45	$246,000.00	5.00%	$120,000.00		$6,150.00		$132,300.00	
11/01/45	$126,000.00	5.00%	$0.00		$3,150.00		$0.00	
05/01/46	$126,000.00	5.00%	$126,000.00		$3,150.00		$132,300.00	
	Total					$1,827,000.00 			$1,321,875.00 			$3,148,875.00