Newton Road
Adopted Budget
FY 2025 & 2026

Table of Contents

	General Fund

	Assessment Schedule

3-4		Narratives

Newton Road	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	Adopted Budget	
Without
Annexation	Without
Annexation	
Description	FY2025	FY2026	

REVENUES:

Developer Contributions	$	73,416	$	73,416	

TOTAL REVENUES	$	73,416	$	73,416	

EXPENDITURES:

Administrative				
Engineering	$	5,000	$	5,000		
Attorney	12,000	12,000		
Annual Audit	4,000	4,000		
Assessment Administration	2,000	2,000		
Arbitrage Rebate	600	600	(1)	
Dissemination Agent	1,200	1,200	(1)	
Trustee Fees	4,000	4,000	(1)	
Management Fees	24,000	24,000		
Information Technology	1,000	1,000		
Website Maintenance	1,000	1,000		
Telephone	50	50		
Postage & Delivery	250	250		
Insurance General Liability	5,500	5,500		
Printing & Binding	250	250		
Legal Advertising	766	766		
Other Current Charges	250	250		
Office Supplies	250	250		
Dues, Licenses & Subscriptions	300	300		

TOTAL ADMINISTRATIVE	$	62,416	$	62,416	

Field Expenditures

Drainage System	$	10,000	$	10,000	
Contingencies	1,000	1,000	

TOTAL FIELD EXPENDITURES	$	11,000	$	11,000	

TOTAL EXPENDITURES	$	73,416	$	73,416	

EXCESS REVENUES (EXPENDITURES)	$	-	$	-	
(1) Represents costs associated with the issuance of Bonds.

Newton Road	
Community Development District	
Non-Ad Valorem Assessments Comparison	

Without Annexation	
# Units	Gross Assessment	Gross Assmt Per Unit	Net Assessment

266	$	77,280	$	290.53	$	276.00	

Newton Road	
Community Development District	
Budget Narrative	

REVENUES	

Developer Contributions/Assessments	
The District will levy a Non-Ad Valorem assessment on all platted lots withing the Districts to pay all of the operating expenses	
for the Fiscal Uear in accordance with the Adopted budget.	

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.	
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.	
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.	

Newton Road	
Community Development District	
Budget Narrative	

Expenditures - Administrative (continued)	
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.	

Expenditures – Field	

Drainage System	
The cost of operagting and matining the storwater management systems within the District boundaries.	
Contingencies	
A contingency for any unanticipated and unscheduled cost to the District.