Magic Reserve Community Development District
Adopted FY 2016-2017 Operations & Maintenance Budget

Revenues:

Adopted Annual O&M
Budget*

Developer Funding	 	$140,800
Total Revenues	$140,800

Expenditures:
Administrative Expenditures
District Management Fees (Fixed)	$25,000	
District Counsel Fees (NTE)	$25,000	
Engineering Fees (NTE)	$10,000	
Conference Calls (NTE)	$1,000	
Mailing Expenses (NTE)	$300	
Public Officials & General Liability Insurance (Fixe	$5,000	
Printing & Binding (NTE)	$500	
Legal Advertising (NTE)	$2,000	
Dues, Licenses & Fees (NTE)	$250	
Bank Fees (NTE)	$250	
Subtotal Administrative	$69,300	
Field Expenditures
Landscaping & Common Area Maintenance (NTE)	
$35,000	
Street Lighting (NTE)	$15,000	
Irrigation (NTE)	$10,000	
Pond Maintenance (NTE)	$10,000	
Miscellaneous (NTE)	 	$1,500	
Subtotal Field	$71,500	
Total Expenditures	$140,800	

*The District's fiscal year runs from October 1st through September 30th. Operations and maintenance expenses represent noncapital CDD expenses that are not reimburseable to the developer. These expenses are typically funded on an as-incurrred basis by the developer or via the levy and collection of CDD assessments.
Eligible bond and capital-related expenses can be reimbursed or funded directly with bond proceeds.