Adopted Budget
Fiscal Year 2022

Landings at Miami Community Development District

July 21, 2021

Landings at Miami
Community Development District

General Fund

Adopted Budget

Actual thru
 	6/30/2021	

Projected Next
 	3 Month	

Total Projected at
 	9/30/2021	

Adopted Budget
 	FY2022	

 Description		 	FY2021	

Revenues

Special Assessments - On Roll Special Assessments - Direct
Total Revenues

$78,301
$4,183
 	$82,484 

$78,137
$1,499
 	$79,636 

$407
$2,684
 	$3,091 

$78,544
$4,183
 	$82,727 

$82,484
$0
 	$82,484 

Expenditures

Administrative

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

$5,000
$2,500
$1,100
$2,000
$12,000
$5,000
$5,000
$26,523
$50
$500
$12,638
$500
$3,000
$1,000
$1,000
$150
$175
$4,348

$3,421
$1,875
$550
$2,000
$11,844
$0
$3,717
$19,892
$0
$233
$12,319
$228
$647
$397
$750
$30
$175
$0

$1,711
$625
$550
$0
$5,922
$3,400
$0
$6,631
$25
$50
$0
$76
$216
$132
$250
$10
$0
$5,051

$5,132
$2,500
$1,100
$2,000
$17,766
$3,400
$3,717
$26,523
$25
$283
$12,319
$304
$863
$529
$1,000
$40
$175
$5,051

$5,000
$2,500
$1,100
$2,000
$12,000
$5,000
$5,000
$27,319
$50
$500
$12,638
$500
$3,000
$1,000
$1,000
$150
$175
$3,552

Total Administrative

 	$82,484 

 	$58,079 

 	$24,648

 	$82,727 

 	$82,484 

Assigned Fund Balance

 	$0 

$21,557

($21,557)

($0)

$0

On Roll Assessments:

Page 1

Gross Per
Product		Units			Unit Townhome			325		$176.04 Single Family	 		168		$176.04 Total				493

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

Total
$57,213.00
$29,574.72
$86,787.72

$86,787.72 ($4,303.89)

$82,483.83

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.

Page 2

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. category for the District.

This is the only expense under this

Page 3

Landings at Miami
Community Development District

Debt Service Fund
Series 2018 Special Assessment Bond

Adopted Budget

Actual thru
 	6/30/2021	

Projected Next
 	3 Month	

Total Projected at
 	9/30/2021	

Adopted Budget
 	FY2022	

 Description		 	FY2021	

Revenues

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

$730,862
$0
$0
$462,006

$729,340
$0
$75
$507,280

$3,801
$0
$40
$0

$733,141
$0
$115
$507,280

$730,862
$0
$0
$517,052

Total Revenues

 	$1,192,868 

 	$1,236,695 

 	$3,841 

 	$1,240,536 

 	$1,247,914 

Expenditures

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

$261,100
$205,000
$254,384

$261,100
$205,000
$257,384

$0
$0
$0

$261,100
$205,000
$257,384

$257,384
$215,000
$257,384

Total Expenditures

 	$720,484 

 	$723,484 

 	$0 

 	$723,484 

 	$729,768 

Excess Revenues

 	$472,384 

$513,211

$3,841

$517,052

$518,146

11/1/22 Interest 11/1/22 Principal

$253,488
 	$220,000 
$473,488

(1) Carry forward is net of Reserve Fund requirement.

Page 4

On Roll Assessments:
Gross Per
Product	Units			Unit Townhome		300	$1,483.42
Single Family	168	$1,928.45
Total	468

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

Total
$445,026.00
$323,979.60

$769,005.60

$769,005.60 ($38,143.20)

$730,862.40

Landings at Miami
Community Development District

Series 2018 Special Assessment Bond
Amortization  Schedule

PRINCIPAL
 	BALANCE	

 	DATE	

 	INTEREST	

 	PRINCIPAL	

 	TOTAL	

1-May-18
1-Nov-18
1-May-19
1-Nov-19
1-May-20
1-Nov-20
1-May-21
1-Nov-21

$11,665,000.00
$11,665,000.00
$11,665,000.00
$11,665,000.00
$11,465,000.00
$11,465,000.00
$11,260,000.00
$11,260,000.00

$141,186.67
$264,725.00
$264,725.00
$264,725.00
$261,100.00
$261,100.00
$257,384.38
$257,384.38

$0.00
$0.00
$0.00
$200,000.00
$0.00
$205,000.00
$0.00
$215,000.00

$405,911.67

$729,450.00

$727,200.00

$729,768.75

1-May-23
1-Nov-23
1-May-24
1-Nov-24
1-May-25
1-Nov-25
1-May-26
1-Nov-26
1-May-27
1-Nov-27
1-May-28
1-Nov-28
1-May-29
1-Nov-29
1-May-30
1-Nov-30
1-May-31
1-Nov-31
1-May-32
1-Nov-32
1-May-33
1-Nov-33
1-May-34
1-Nov-34
1-May-35
1-Nov-35
1-May-36
1-Nov-36
1-May-37
1-Nov-37
1-May-38
1-Nov-38
1-May-39
1-Nov-39
1-May-40
1-Nov-40
1-May-41
1-Nov-41
1-May-42
1-Nov-42
1-May-43
1-Nov-43
1-May-44
1-Nov-44
1-May-45
1-Nov-45
1-May-46
1-Nov-46
1-May-47
1-Nov-47
1-May-48
1-Nov-48

$10,825,000.00
$10,825,000.00
$10,595,000.00
$10,595,000.00
$10,355,000.00
$10,355,000.00
$10,110,000.00
$10,110,000.00
$9,850,000.00
$9,850,000.00
$9,580,000.00
$9,580,000.00
$9,300,000.00
$9,300,000.00
$9,010,000.00
$9,010,000.00
$8,705,000.00
$8,705,000.00
$8,385,000.00
$8,385,000.00
$8,050,000.00
$8,050,000.00
$7,700,000.00
$7,700,000.00
$7,335,000.00
$7,335,000.00
$6,955,000.00
$6,955,000.00
$6,555,000.00
$6,555,000.00
$6,135,000.00
$6,135,000.00
$5,695,000.00
$5,695,000.00
$5,235,000.00
$5,235,000.00
$4,755,000.00
$4,755,000.00
$4,250,000.00
$4,250,000.00
$3,725,000.00
$3,725,000.00
$3,175,000.00
$3,175,000.00
$2,600,000.00
$2,600,000.00
$1,995,000.00
$1,995,000.00
$1,360,000.00
$1,360,000.00
$695,000.00
$695,000.00

$249,500.00
$249,500.00
$245,331.25
$245,331.25
$240,381.25
$240,381.25
$235,328.13
$235,328.13
$229,965.63
$229,965.63
$224,396.88
$224,396.88
$218,621.88
$218,621.88
$211,915.63
$211,915.63
$204,862.50
$204,862.50
$197,462.50
$197,462.50
$189,715.63
$189,715.63
$181,621.88
$181,621.88
$173,181.25
$173,181.25
$164,393.75
$164,393.75
$155,143.75
$155,143.75
$145,431.25
$145,431.25
$135,256.25
$135,256.25
$124,331.25
$124,331.25
$112,931.25
$112,931.25
$100,937.50
$100,937.50
$88,468.75
$88,468.75
$75,406.25
$75,406.25
$61,750.00
$61,750.00
$47,381.25
$47,381.25
$32,300.00
$32,300.00
$16,506.25
$16,506.25

$0.00
$230,000.00
$0.00
$240,000.00
$0.00
$245,000.00
$0.00
$260,000.00
$0.00
$270,000.00
$0.00
$280,000.00
$0.00
$290,000.00
$0.00
$305,000.00
$0.00
$320,000.00
$0.00
$335,000.00
$0.00
$350,000.00
$0.00
$365,000.00
$0.00
$380,000.00
$0.00
$400,000.00
$0.00
$420,000.00
$0.00
$440,000.00
$0.00
$460,000.00
$0.00
$480,000.00
$0.00
$505,000.00
$0.00
$525,000.00
$0.00
$550,000.00
$0.00
$575,000.00
$0.00
$605,000.00
$0.00
$635,000.00
$0.00
$665,000.00
$0.00
$695,000.00

$729,000.00

$730,662.50

$725,762.50

$730,656.25

$729,931.25

$728,793.75

$727,243.75

$728,831.25

$729,725.00

$729,925.00

$729,431.25

$728,243.75

$726,362.50

$728,787.50

$730,287.50

$730,862.50

$730,512.50

$728,662.50

$730,862.50

$726,875.00

$726,937.50

$725,812.50

$728,500.00

$729,762.50

$729,600.00

$728,012.50

 	$10,604,349.17

 	$11,665,000.00

 	$22,269,349.17

Page 5

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

Landings at Miami
Community Development District

Debt Service Fund
Series 2020 Special Assessment Bond

Adopted Budget

Actual thru
 	6/30/2021	

Projected Next
 	3 Month	

Total Projected at
 	9/30/2021	

Adopted Budget
 	FY2022	

 Description		 	FY2021	

Revenues

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

$0
$38,588
$0
$0

$0
$34,268
$1
$0

$0
$4,320
$0
$0

$0
$38,588
$1
$0

$38,588
$5,813
$0
$13,106

Total Revenues

 	$38,588 

 	$34,269 

 	$4,320 

 	$38,589 

 	$57,507 

Expenditures

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

$15,442
$5,000
$12,644

$15,442
$5,000
$12,644

$0
$0
$0

$15,442
$5,000
$12,644

$12,644
$10,000
$12,431

Total Expenditures

 	$33,085 

 	$33,085 

 	$0 

 	$33,085 

 	$35,075 

Other Financing Sources/(Uses)

Interfund Transfer In

$0

$7,602

$0

$7,602

$0

Total Other Financing Sourc

$0

 	$7,602 

 	$0 

 	$7,602 

 	$0 

Excess Revenues

 	$5,503 

$8,786

$4,320

$13,106

$22,431

11/1/22 Interest 11/1/22 Principal

$12,431
 	$10,000 
$22,431

(1) Carry forward is net of Reserve Fund requirement.

Page 6

On Roll Assessments:

Gross Per
Product		Units					Unit Townhome			25 	$1,624.05    Single Family	 			0			$0.00 Total					25

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

Total
$40,601.25
$0.00

$40,601.25

$40,601.25 ($2,013.75)

$38,587.50

Landings at Miami
Community Development District

Series 2020 Special Assessment Bond
Amortization  Schedule

PRINCIPAL
 	BALANCE	

INTEREST
    RATE 

 	DATE	

 	INTEREST	

 	PRINCIPAL	

 	TOTAL	

1-Nov-20
1-May-21
1-Nov-21

$600,000.00
$595,000.00
$595,000.00

4.250%
4.250%
4.250%

$15,441.67
$12,643.75
$12,643.75

$5,000.00
$0.00
$10,000.00

$20,441.67

$35,287.50

1-May-23
1-Nov-23
1-May-24
1-Nov-24
1-May-25
1-Nov-25
1-May-26
1-Nov-26
1-May-27
1-Nov-27
1-May-28
1-Nov-28
1-May-29
1-Nov-29
1-May-30
1-Nov-30
1-May-31
1-Nov-31
1-May-32
1-Nov-32
1-May-33
1-Nov-33
1-May-34
1-Nov-34
1-May-35
1-Nov-35
1-May-36
1-Nov-36
1-May-37
1-Nov-37
1-May-38
1-Nov-38
1-May-39
1-Nov-39
1-May-40
1-Nov-40
1-May-41
1-Nov-41
1-May-42
1-Nov-42
1-May-43
1-Nov-43
1-May-44
1-Nov-44
1-May-45
1-Nov-45
1-May-46
1-Nov-46
1-May-47
1-Nov-47
1-May-48
1-Nov-48
1-May-49
1-Nov-49

$575,000.00
$575,000.00
$565,000.00
$565,000.00
$555,000.00
$555,000.00
$540,000.00
$540,000.00
$525,000.00
$525,000.00
$510,000.00
$510,000.00
$495,000.00
$495,000.00
$480,000.00
$480,000.00
$465,000.00
$465,000.00
$450,000.00
$450,000.00
$435,000.00
$435,000.00
$415,000.00
$415,000.00
$395,000.00
$395,000.00
$375,000.00
$375,000.00
$355,000.00
$355,000.00
$335,000.00
$335,000.00
$315,000.00
$315,000.00
$290,000.00
$290,000.00
$265,000.00
$265,000.00
$240,000.00
$240,000.00
$215,000.00
$215,000.00
$190,000.00
$190,000.00
$160,000.00
$160,000.00
$130,000.00
$130,000.00
$100,000.00
$100,000.00
$70,000.00
$70,000.00
$35,000.00
$35,000.00

4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%

$12,218.75
$12,218.75
$12,006.25
$12,006.25
$11,793.75
$11,793.75
$11,475.00
$11,475.00
$11,156.25
$11,156.25
$10,837.50
$10,837.50
$10,518.75
$10,518.75
$10,200.00
$10,200.00
$9,881.25
$9,881.25
$9,562.50
$9,562.50
$9,243.75
$9,243.75
$8,818.75
$8,818.75
$8,393.75
$8,393.75
$7,968.75
$7,968.75
$7,543.75
$7,543.75
$7,118.75
$7,118.75
$6,693.75
$6,693.75
$6,162.50
$6,162.50
$5,631.25
$5,631.25
$5,100.00
$5,100.00
$4,568.75
$4,568.75
$4,037.50
$4,037.50
$3,400.00
$3,400.00
$2,762.50
$2,762.50
$2,125.00
$2,125.00
$1,487.50
$1,487.50
$743.75
$743.75

$0.00
$10,000.00
$0.00
$10,000.00
$0.00
$15,000.00
$0.00
$15,000.00
$0.00
$15,000.00
$0.00
$15,000.00
$0.00
$15,000.00
$0.00
$15,000.00
$0.00
$15,000.00
$0.00
$15,000.00
$0.00
$20,000.00
$0.00
$20,000.00
$0.00
$20,000.00
$0.00
$20,000.00
$0.00
$20,000.00
$0.00
$20,000.00
$0.00
$25,000.00
$0.00
$25,000.00
$0.00
$25,000.00
$0.00
$25,000.00
$0.00
$25,000.00
$0.00
$30,000.00
$0.00
$30,000.00
$0.00
$30,000.00
$0.00
$30,000.00
$0.00
$35,000.00
$0.00
$35,000.00

$34,437.50

$34,012.50

$38,587.50

$37,950.00

$37,312.50

$36,675.00

$36,037.50

$35,400.00

$34,762.50

$34,125.00

$38,487.50

$37,637.50

$36,787.50

$35,937.50

$35,087.50

$34,237.50

$38,387.50

$37,325.00

$36,262.50

$35,200.00

$34,137.50

$38,075.00

$36,800.00

$35,525.00

$34,250.00

$37,975.00

$36,487.50

     Total	

  $	468,491.67 

  $	600,000.00 

  $	1,068,491.67 

Page 7

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