Metropica	
Community Development District	

Adopted Budget	
FY 2025	

Table of Contents

1		General Fund

2-3		Narratives

Metropica	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	
Adopted Budget	
Description	FY2024	FY 2025	

REVENUES:

Developer Contributions/ Special Assessments	$	107,843	$107,843	

TOTAL REVENUES	$107,843	$107,843	

EXPENDITURES:

Administrative			
Supervisor Fees	$12,000	$12,000	
FICA Taxes	918	918	
Engineering	10,000	10,000	
Attorney	12,000	12,000	
Annual Audit	5,000	5,000	
Assessment Administration	5,000	5,000	
Arbitrage Rebate	550	550	
Dissemination Agent	5,000	5,000	
Trustee Fees	5,000	5,000	
Management Fees	37,000	37,000	
Information Technology	-	-	
Website Maintenance	1,500	1,500	
Telephone	200	200	
Postage & Delivery	750	750	
Insurance General Liability	6,500	6,500	
Printing & Binding	1,000	1,000	
Legal Advertising	2,000	2,000	
Other Current Charges	750	750	
Office Supplies	-	-	
Dues, Licenses & Subscriptions	175	175	
Contingency	2,500	2,500	

TOTAL EXPENDITURES	$107,843	$107,843	

EXCESS REVENUES (EXPENDITURES)	$-	$-	

Metropica	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

REVENUES	

Special Assessments-Tax Roll	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.	
Interest	
The District earns interest on the monthly average collected balance for each of their investment accounts.	

Expenditures - Administrative	

Supervisors Fees	
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated
$200 per meeting in which they attend.  The budgeted amount for the fiscal year is based on all supervisors attending 6 meetings.	
FICA Taxes	
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.	
Engineering	
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.	
Attorney	
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.	
Annual Audit	
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Assessment Roll Administration	
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
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.	
Trustee Fees	
The District bonds will be held and administered by a Trustee. This represents the trustee 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. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	

Metropica	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

Expenditures - Administrative (continued)	
Information Technology	
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.	
Website Maintenance	
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.	
Telephone	
Conference calls for the CDD.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Insurance General Liability	
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.	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to Florida Commerce for $175.	
Contingencies	
A contingency for any unanticipated and unscheduled cost to the District.