White Clay
Community Development District

Adopted Budget
FY2027

Table of Contents

1		General Fund

2-4		General Fund Narrative

White Clay
Community Development District Adopted Budget
General Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Thru		Adopted Budget	
Description		FY2026	4/30/26	5 Months	9/30/26		FY2027	

Revenues								
Developer Contributions	$	393,542	$	40,000	$	27,167	$	67,167	$	442,692	
Interest	$	-	$	80	$	45	$	125	$	-	
Total Revenues	$	393,542	$	40,080	$	27,212	$	67,292	$	442,692	

Expenditures								
General & Administrative								
Supervisor Fees	$	12,000	$	800	$	2,400	$	3,200	$	12,000	
FICA Expense	$	900	$	61	$	375	$	436	$	900	
Engineering	$	15,000	$	250	$	6,250	$	6,500	$	15,000	
Attorney	$	25,000	$	4,105	$	10,417	$	14,522	$	25,000	
Annual Audit	$	4,000	$	2,900	$	-	$	2,900	$	4,000	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	5,000	
Arbitrage	$	450	$	-	$	-	$	-	$	450	
Dissemination	$	5,000	$	-	$	-	$	-	$	5,000	
Trustee Fees	$	4,042	$	-	$	-	$	-	$	4,042	
Management Fees	$	40,000	$	11,667	$	8,333	$	20,000	$	40,000	
Information Technology	$	1,800	$	1,050	$	750	$	1,800	$	1,800	
Website Maintenance	$	1,200	$	2,450	$	500	$	2,950	$	1,200	
Postage & Delivery	$	1,000	$	69	$	417	$	486	$	1,000	
Insurance	$	6,350	$	5,000	$	-	$	5,000	$	5,500	
Copies	$	1,000	$	-	$	417	$	417	$	1,000	
Legal Advertising	$	15,000	$	-	$	6,250	$	6,250	$	15,000	
Other Current Charges	$	5,000	$	309	$	2,083	$	2,392	$	5,000	
Office Supplies	$	625	$	3	$	260	$	264	$	625	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total General & Administrative:	$	143,542	$	28,839	$	38,452	$	67,292	$	142,692	

Operations & Maintenance								
Field Contingency	$	250,000	$	-	$	-	$	-	$	250,000	
Playground Lease	$	-	$	-	$	-	$	-	$	50,000	
Total Operations & Maintenance:	$	250,000	$	-	$	-	$	-	$	300,000	
								
Total Expenditures	$	393,542	$	28,839	$	38,452	$	67,292	$	442,692	
								
Excess Revenues/(Expenditures)	$	-	$	11,240	$	(11,240)  $	-	$	-	

Revenues:

Developer Contributions

The District will enter into a funding agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisor checks.

Engineering

The District's engineer, Dewberry Engineers, Inc provides general engineering services to the District,
e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, Kilinski Van Wyk, Pllc provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District. Governmental Management Services – Central Florida, LLC provides these services.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on an anticipated bond issuance.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon an anticipated bond issuance. Governmental Management Services – Central Florida, LLC provides these services.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc. Governmental Management Services – Central Florida, LLC provides these systems.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc. Governmental Management Services – Central Florida, LLC provides these services.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Copies

Printing agenda materials 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 incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for
$175. This is the only expense under this category for the District.

Operation & Maintenance:

Field Contingency

Represents estimated cost for any expense not budgeted in other line items.

Playground Lease

The District will enter into a leasing agreement for playgrounds equipment installed in the community.