Mayfair	
Community Development District	

Adopted Budget	
FY 2025	

Table of Contents

1

2-3

4

	General Fund

	Narratives

	Amortization Schedule

Mayfair	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments - On Roll	$22,200	$22,271	$-	22,271	$74,510	
Developer Contributions	12,800	-	12,800	12,800	-	

TOTAL REVENUES	$35,000	$22,271	$12,800	$35,071	$74,510	
EXPENDITURES:

Administrative						
Engineering	$5,000	$-	$1,250	$1,250	$5,000	
Attorney Fees	6,000	3,084	2,917	6,000	15,000	
Trustee Fees	-	-	-	-	-	
Dissemination Agent	-	-	-	-	-	
Arbitrage Calculations	-	-	-	-	-	
Annual Audit	3,200	3,200	-	3,200	3,500	
Management Fees	7,800	5,850	1,950	7,800	30,000	
Annual Assessment	-	-	-	-	8,000	
Website Maintenance	1,200	900	300	1,200	1,200	
Telephone	50	-	13	13	50	
Postage & Delivery	500	4	292	295	500	
Insurance General Liability	6,500	6,104	-	6,104	6,883	
Printing & Binding	500	12	125	137	500	
Legal Advertising	1,000	1,207	402	1,610	1,500	
Other Current Charges	550	264	286	550	550	
Office Supplies	150	0	63	63	150	
Contingencies	2,375	-	594	594	1,502	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$35,000	$20,800	$8,190	$28,990	$74,510	

TOTAL EXPENDITURES	$35,000	$20,800	$8,190	$28,990	$74,510	

EXCESS REVENUES (EXPENDITURES)	$-	$1,470	$4,610	$6,080	$	-	

Mayfair	
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.	

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.	
Trustee Fees - Pending Bonds	
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.	
Dissemination Agent - Pending Bonds	
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.	
Arbitrage Calculation - Pending Bonds	
The District is required to annually have an arbitrage rebate calculation on the District's Bonds.	
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.	
Annual Assessments	
GMS SF, LLC provides assessment roll services with the local Tax Collector .	
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	
Services are provided as those may be needed for attending meetings or fulfilling District's communication needs.	
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.	

Mayfair	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

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 the Florida Department of Commerce for $175.	
Contingencies	
A contingency for any unanticipated and unscheduled cost to the District.	

Mayfair	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2024-2025	

Neighborhood	O&M Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	

Single Family	

1	

$74,510.00	

$23,617.02	

$50,892.98	

$0.00	

$0.00	

$0.00	

$74,510.00	

$23,617.02	

$50,892.98	
Total	1										

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