Adopted Budget	
Fiscal Year 2024	

Landings at Miami	
Community Development District	

May 17, 2023

Landings at Miami	
Community Development District	

General Fund

Adopted	
Budget	
	FY2023		

Actual	
thru	
	4/30/2023		

Projected	
Next	
	5 Month		

Total	
Projected at	
	9/30/2023		

Adopted	
Budget	
	FY2024		

 Description	

Revenues	
Special Assessments - On Roll	$82,484	
Interest	$0	

$81,934	
$267	

$550	
$191	

$82,484	
$457	

$82,484	
$200	

Total Revenues		$82,484 		$82,200 		$741 		$82,941 		$82,684 
Expenditures

Administrative

Engineering Fees	
Dissemination	
Arbitrage	
Assessment Roll	
Attorney Fees	$1	
Annual Audit	
Trustee Fees	
Management Fees	$2	
Telephone	
Postage	
Insurance	$1	
Printing & Binding	
Legal Advertising	
Other Current Charges	
Website Admin	
Office Supplies	
Dues, Licenses & Subscriptions	
Contingencies	

$541	
$1,458	
$550	
$2,000	
$2,812	
$0	
$3,717	
$16,414	
$0	
$59	
$13,991	
$160	
$166	
$0	
$583	
$15	
$175	
$0	

$4,459	$5,000	
$1,042	$2,500	
$600	$1,150	
$0	$2,000	
$3,937	$6,749	
$4,500	$4,500	
$3,717	$7,435	
$11,724	$28,138	
$15	$15	
$208	$267	
$0	$13,991	
$292	$451	
$1,000	$1,166	
$417	$417	
$417	$1,000	
$63	$78	
$0	$175	
$571	$571	

$5,000	
$2,500	
$1,100	
$2,000	
$14,000	
$4,500	
$4,500	
$28,982	
$50	
$500	
$14,400	
$500	
$1,500	
$1,000	
$1,000	
$100	
$175	
$877	

$5,000
$2,500
$1,100
$2,000 4,000
$4,500
$4,500 8,138
$50
$500 3,000
$500
$3,000
$1,000
$1,000
$150
$175
$1,371

Total Administrative		$82,484 		$42,642 			$32,961 		$75,602 		$82,684  Assigned Fund Balance			$0 		$39,559 		($32,220)			$7,339 			($0)
On Roll Assessments:
Gross Per	
Product	Units	Unit	Total	
Townhome	325	$176.04	$57,213.00	
Single Family		168	$176.04	$29,574.72 Total		493		$86,787.72
Total Gross assessments		$86,787.72 less 5% discount/commission fees			($4,303.89) Total Net assessments		$82,483.83	

Page 1

Landings at Miami
Community Development District	General Fund Budget

REVENUES:

Maintenance Assessments

The District will assess the platted lots within the District to fund the District’s operating budget for the fiscal year.

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.

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 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.

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, 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 bonds will be held and administered by a Trustee. This represents the banks annual fee.

Management Fees

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

Assessment Roll

The costs associated with preparing, processing and administering the annual assessment place on the County’s tax roll.

Website Compliance

Per Chapter 2014-22, Laws of Florida, all Districts must have a website 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.

Postage

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

Landings at Miami
Community Development District	General Fund Budget

Administrative: (continued)

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Insurance

The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.

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.

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.

Total Gross assessments	
less 5% discount/commission fees	
Total Net assessments	

Landings at Miami	
Community Development District	

 	
Debt Service Fund	
Series 2018 Special Assessment Bond	

Adopted	
Budget	
	FY2023		

Actual	
thru	
	4/30/2023		

Projected	
Next	
	5 Month		

Total	
Projected at	
	9/30/2023		

Adopted	
Budget	
	FY2024		

 Description	

Revenues	
Special Assessments - On Roll	
Interest Income	
Carry Forward Surplus (1)	

$730,862	
$0	
$517,052	

$726,298	$4,565	
$11,696	$6,683	
$524,111	$0	

$730,862	
$18,379	
$524,111	

$730,862	
$0	
$546,377	

Total Revenues		$1,247,914 		$1,262,104 		$11,248 		$1,273,352 		$1,277,240 

Expenditures

Series 2018	
Interest 11/1	
Principal 11/1	
Interest 5/1	

$253,488	
$220,000	
$253,488	

$253,488	$0	
$220,000	$0	
$0	$253,488	

$253,488	
$220,000	
$253,488	

$249,500	
$230,000	
$245,331	

Total Expenditures		$726,975 			$473,488 			$253,488 			$726,975 			$724,831 	
Excess Revenues		$520,939 			$788,617 			($242,239)			$546,377 			$552,409 	

11/1/24 Interest	
11/1/24 Principal	

$245,331
	$240,000 

Gross Per	
Unit	
$1,484.04	
$1,929.26	

Product	
Townhome	
Single Family	
Total	

Units	
300	
168	
468	

Total	
$445,212.00	
  $324,115.68 	
$769,327.68	

(1) Carry forward is net of Reserve Fund requirement.		$485,331 

On Roll Assessments:		

$769,327.68	
	  ($38,465.28)	
	$730,862.40	

Landings at Miami	
Community Development District	

 	
Series 2018 Special Assessment Bond	
Amortization Schedule	

PRINCIPAL	
	BALANCE		

	DATE			INTEREST			PRINCIPAL			TOTAL	

1-May-22	$11,045,000.00	$253,487.50	$0.00	
1-Nov-22	$11,045,000.00	$253,487.50	$220,000.00	$726,975.00	
1-May-23	$10,825,000.00	$249,500.00	$0.00	
1-Nov-23	$10,825,000.00	$249,500.00	$230,000.00	$729,000.00	
1-May-24	$10,595,000.00	$245,331.25	$0.00	
1-Nov-24	$10,595,000.00	$245,331.25	$240,000.00	$730,662.50	
1-May-25	$10,355,000.00	$240,381.25	$0.00	
1-Nov-25	$10,355,000.00	$240,381.25	$245,000.00	$725,762.50	
1-May-26	$10,110,000.00	$235,328.13	$0.00	
1-Nov-26	$10,110,000.00	$235,328.13	$260,000.00	$730,656.25	
1-May-27	$9,850,000.00	$229,965.63	$0.00	
1-Nov-27	$9,850,000.00	$229,965.63	$270,000.00	$729,931.25	
1-May-28	$9,580,000.00	$224,396.88	$0.00	
1-Nov-28	$9,580,000.00	$224,396.88	$280,000.00	$728,793.75	
1-May-29	$9,300,000.00	$218,621.88	$0.00	
1-Nov-29	$9,300,000.00	$218,621.88	$290,000.00	$727,243.75	
1-May-30	$9,010,000.00	$211,915.63	$0.00	
1-Nov-30	$9,010,000.00	$211,915.63	$305,000.00	$728,831.25	
1-May-31	$8,705,000.00	$204,862.50	$0.00	
1-Nov-31	$8,705,000.00	$204,862.50	$320,000.00	$729,725.00	
1-May-32	$8,385,000.00	$197,462.50	$0.00	
1-Nov-32	$8,385,000.00	$197,462.50	$335,000.00	$729,925.00	
1-May-33	$8,050,000.00	$189,715.63	$0.00	
1-Nov-33	$8,050,000.00	$189,715.63	$350,000.00	$729,431.25	
1-May-34	$7,700,000.00	$181,621.88	$0.00	
1-Nov-34	$7,700,000.00	$181,621.88	$365,000.00	$728,243.75	
1-May-35	$7,335,000.00	$173,181.25	$0.00	
1-Nov-35	$7,335,000.00	$173,181.25	$380,000.00	$726,362.50	
1-May-36	$6,955,000.00	$164,393.75	$0.00	
1-Nov-36	$6,955,000.00	$164,393.75	$400,000.00	$728,787.50	
1-May-37	$6,555,000.00	$155,143.75	$0.00	
1-Nov-37	$6,555,000.00	$155,143.75	$420,000.00	$730,287.50	
1-May-38	$6,135,000.00	$145,431.25	$0.00	
1-Nov-38	$6,135,000.00	$145,431.25	$440,000.00	$730,862.50	
1-May-39	$5,695,000.00	$135,256.25	$0.00	
1-Nov-39	$5,695,000.00	$135,256.25	$460,000.00	$730,512.50	
1-May-40	$5,235,000.00	$124,331.25	$0.00	
1-Nov-40	$5,235,000.00	$124,331.25	$480,000.00	$728,662.50	
1-May-41	$4,755,000.00	$112,931.25	$0.00	
1-Nov-41	$4,755,000.00	$112,931.25	$505,000.00	$730,862.50	
1-May-42	$4,250,000.00	$100,937.50	$0.00	
1-Nov-42	$4,250,000.00	$100,937.50	$525,000.00	$726,875.00	
1-May-43	$3,725,000.00	$88,468.75	$0.00	
1-Nov-43	$3,725,000.00	$88,468.75	$550,000.00	$726,937.50	
1-May-44	$3,175,000.00	$75,406.25	$0.00	
1-Nov-44	$3,175,000.00	$75,406.25	$575,000.00	$725,812.50	
1-May-45	$2,600,000.00	$61,750.00	$0.00	
1-Nov-45	$2,600,000.00	$61,750.00	$605,000.00	$728,500.00	
1-May-46	$1,995,000.00	$47,381.25	$0.00	
1-Nov-46	$1,995,000.00	$47,381.25	$635,000.00	$729,762.50	
1-May-47	$1,360,000.00	$32,300.00	$0.00	
1-Nov-47	$1,360,000.00	$32,300.00	$665,000.00	$729,600.00	
1-May-48	$695,000.00	$16,506.25	$0.00	
1-Nov-48	$695,000.00	$16,506.25	$695,000.00	$728,012.50	

	$7,875,543.75		$10,825,000.00		$18,950,043.75

	

Landings at Miami	
Community Development District	

 	
Debt Service Fund	
Series 2020 Special Assessment Bond	

Adopted	
Budget	
	FY2023		

Actual	
thru	
	4/30/2023		

Projected	
Next	
	5 Month		

Total	
Projected at	
	9/30/2023		

Adopted	
Budget	
	FY2024		

 Description	

Revenues	
Special Assessments - On Roll	
Interest Income	
Carry Forward Surplus (1)	

$38,588	
$0	
$42,946	

$38,347	$241	
$582	$815	
$37,156	$0	

$38,588	
$1,397	
$37,156	

$38,588	
$0	
$42,428	

Total Revenues		$81,534 		$76,084 		$1,056 		$77,140 		$81,016 

Expenditures

Series 2020	
Interest 11/1	
Principal 11/1	
Interest 5/1	

$12,431	
$10,000	
$12,219	

$12,431	$0	
$10,000	$0	
$0	$12,219	

$12,431	
$10,000	
$12,219	

$12,219	
$10,000	
$12,006	

	$22,431 		$12,219 		$34,650 		$34,225 

Total Expenditures		$34,650 	
Other Financing Sources/(Uses)	

Interfund Transfer In (Out)	$0	($62)	$0	($62)	$0

Total Other Financing Sourc	$0		($62)		$0 		($62)		$0 

Excess Revenues		$46,884 		$53,591 		$46,791 

	($11,163)			$42,428 	

11/1/24 Interest	
11/1/24 Principal	

$12,006
	$10,000 

	

(1) Carry forward is net of Reserve Fund requirement.	$22,006

On Roll Assessments:	
Gross Per	
Total
$40,618.50
	$0.00 
$40,618.50

$40,618.50
	($2,031.00)
$38,587.50	
Product	Units	Unit		
Townhome	25	$1,624.74		
Single Family		0	$0.00        Total			25

Total Gross assessments
less 5% discount/commission fees Total Net assessments		

Landings at Miami	
Community Development District	

 	
Series 2020 Special Assessment Bond	
Amortization Schedule	

PRINCIPAL	
	BALANCE		

INTEREST	
  RATE 	

	DATE			INTEREST			PRINCIPAL			TOTAL	

1-Nov-20	$600,000.00	4.250%	$15,441.67	$5,000.00	$20,441.67	
1-May-21	$595,000.00	4.250%	$12,643.75	$0.00	
1-Nov-21	$595,000.00	4.250%	$12,643.75	$10,000.00	$35,287.50	
1-May-22	$585,000.00	4.250%	$12,431.25	$0.00	
1-Nov-22	$585,000.00	4.250%	$12,431.25	$10,000.00	$34,862.50	
1-May-23	$575,000.00	4.250%	$12,218.75	$0.00	
1-Nov-23	$575,000.00	4.250%	$12,218.75	$10,000.00	$34,437.50	
1-May-24	$565,000.00	4.250%	$12,006.25	$0.00	
1-Nov-24	$565,000.00	4.250%	$12,006.25	$10,000.00	$34,012.50	
1-May-25	$555,000.00	4.250%	$11,793.75	$0.00	
1-Nov-25	$555,000.00	4.250%	$11,793.75	$15,000.00	$38,587.50	
1-May-26	$540,000.00	4.250%	$11,475.00	$0.00	
1-Nov-26	$540,000.00	4.250%	$11,475.00	$15,000.00	$37,950.00	
1-May-27	$525,000.00	4.250%	$11,156.25	$0.00	
1-Nov-27	$525,000.00	4.250%	$11,156.25	$15,000.00	$37,312.50	
1-May-28	$510,000.00	4.250%	$10,837.50	$0.00	
1-Nov-28	$510,000.00	4.250%	$10,837.50	$15,000.00	$36,675.00	
1-May-29	$495,000.00	4.250%	$10,518.75	$0.00	
1-Nov-29	$495,000.00	4.250%	$10,518.75	$15,000.00	$36,037.50	
1-May-30	$480,000.00	4.250%	$10,200.00	$0.00	
1-Nov-30	$480,000.00	4.250%	$10,200.00	$15,000.00	$35,400.00	
1-May-31	$465,000.00	4.250%	$9,881.25	$0.00	
1-Nov-31	$465,000.00	4.250%	$9,881.25	$15,000.00	$34,762.50	
1-May-32	$450,000.00	4.250%	$9,562.50	$0.00	
1-Nov-32	$450,000.00	4.250%	$9,562.50	$15,000.00	$34,125.00	
1-May-33	$435,000.00	4.250%	$9,243.75	$0.00	
1-Nov-33	$435,000.00	4.250%	$9,243.75	$20,000.00	$38,487.50	
1-May-34	$415,000.00	4.250%	$8,818.75	$0.00	
1-Nov-34	$415,000.00	4.250%	$8,818.75	$20,000.00	$37,637.50	
1-May-35	$395,000.00	4.250%	$8,393.75	$0.00	
1-Nov-35	$395,000.00	4.250%	$8,393.75	$20,000.00	$36,787.50	
1-May-36	$375,000.00	4.250%	$7,968.75	$0.00	
1-Nov-36	$375,000.00	4.250%	$7,968.75	$20,000.00	$35,937.50	
1-May-37	$355,000.00	4.250%	$7,543.75	$0.00	
1-Nov-37	$355,000.00	4.250%	$7,543.75	$20,000.00	$35,087.50	
1-May-38	$335,000.00	4.250%	$7,118.75	$0.00	
1-Nov-38	$335,000.00	4.250%	$7,118.75	$20,000.00	$34,237.50	
1-May-39	$315,000.00	4.250%	$6,693.75	$0.00	
1-Nov-39	$315,000.00	4.250%	$6,693.75	$25,000.00	$38,387.50	
1-May-40	$290,000.00	4.250%	$6,162.50	$0.00	
1-Nov-40	$290,000.00	4.250%	$6,162.50	$25,000.00	$37,325.00	
1-May-41	$265,000.00	4.250%	$5,631.25	$0.00	
1-Nov-41	$265,000.00	4.250%	$5,631.25	$25,000.00	$36,262.50	
1-May-42	$240,000.00	4.250%	$5,100.00	$0.00	
1-Nov-42	$240,000.00	4.250%	$5,100.00	$25,000.00	$35,200.00	
1-May-43	$215,000.00	4.250%	$4,568.75	$0.00	
1-Nov-43	$215,000.00	4.250%	$4,568.75	$25,000.00	$34,137.50	
1-May-44	$190,000.00	4.250%	$4,037.50	$0.00	
1-Nov-44	$190,000.00	4.250%	$4,037.50	$30,000.00	$38,075.00	
1-May-45	$160,000.00	4.250%	$3,400.00	$0.00	
1-Nov-45	$160,000.00	4.250%	$3,400.00	$30,000.00	$36,800.00	
1-May-46	$130,000.00	4.250%	$2,762.50	$0.00	
1-Nov-46	$130,000.00	4.250%	$2,762.50	$30,000.00	$35,525.00	
1-May-47	$100,000.00	4.250%	$2,125.00	$0.00	
1-Nov-47	$100,000.00	4.250%	$2,125.00	$30,000.00	$34,250.00	
1-May-48	$70,000.00	4.250%	$1,487.50	$0.00	
1-Nov-48	$70,000.00	4.250%	$1,487.50	$35,000.00	$37,975.00	
1-May-49	$35,000.00	4.250%	$743.75	$0.00	
1-Nov-49	$35,000.00	4.250%	$743.75	$35,000.00	$36,487.50	

  Total			$390,681.25		$575,000.00		$977,900.00