Portofino Vineyards	
Community Development District	

Proposed Budget	
FY 2025	

Table of Contents

1

2-3

4

	General Fund

	Narratives

	Assessment Schedule

Portofino Vineyards	
Community Development District	
Proposed Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	1/31/24	8 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments - On Roll	$69,925	$71,411	$-	$71,411	$69,925	
Carry Forward Surplus	-	-	-	-	3,404	

TOTAL REVENUES	$69,925	$71,411	$-	$71,411	$73,329	

EXPENDITURES:

Administrative						
Engineering	$2,500	$-	$2,500	$2,500	$2,500	
Attorney	5,000	1,234	3,767	5,000	5,000	
Annual Audit	5,000	-	4,200	4,200	4,300	
Management Fees	32,445	10,815	21,630	32,445	34,716	
Information Technology	1,000	333	667	1,000	1,070	
Website Maintenance	1,000	333	667	1,000	1,070	
Telephone	100	-	100	100	100	
Postage & Delivery	750	4	50	54	750	
Insurance General Liability	6,609	6,248	-	6,248	6,998	
Printing & Binding	1,500	0	100	100	1,500	
Legal Advertising	2,400	570	1,830	2,400	2,400	
Other Current Charges	500	12	8	19	500	
Office Supplies	500	-	50	50	500	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Capital Outlay	250	-	167	167	250	
First Quarter Operating	8,696	-	11,548	11,548	10,000	
Contingency	1,500	-	1,000	1,000	1,500	

TOTAL EXPENDITURES	$69,925	$19,724	$48,282	$68,007	$73,329	

EXCESS REVENUES (EXPENDITURES)	$-	$51,686	$(48,282)	$3,404	$-	

Portofino Vineyards	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

REVENUES	

Special Assessments - On 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.	

Expenditures - Administrative	

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.	
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.	
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.	
Communication - Telephone	
New internet and Wi-Fi service for Office.	
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.	

Portofino Vineyards	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

Expenditures - Administrative (continued)	

Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Department of Economic Opportunity Community Affairs for $175.	
Capital Outlay	
Represents any minor capital expenditures the District may need to make during the Fiscal Year such as a file cabinet for District files.	
First Quarter Operating	
Represents expenses in the first 2 months prior to assessments being collected.	
Contingency	
Unexpected expenses not accounted for.	

Portofino Vineyards	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2024-2025	

Neighborhood	O&M Units	Annual Maintenance Assessments	
	
FY 2025	
FY2024	Increase/ (decrease)	

Apartments - Grove	
312	
$88.14	
$88.14	
$0.00	
Townhomes - Woodlands	202	$100.62	$100.62	$0.00	
Garden Apartments - Orchard	264	$100.62	$100.62	$0.00	
Total	778