Indigo
Community Development District

Adopted Budget
FY 2023

INDIGO
Community Development District FY2023 Adopted Budget

TABLE OF CONTENTS

GENERAL FUND BUDGET
** Summary Revenues and Expenditures	Page 1-3
** Narrative – Administrative and Maintenance	Page 4-11

DEBT SERVICE FUND BUDGET
** Series 1999A	Page 12-13
** Series 1999C	Page 14
** Series 2005	Page 15
** Series 2021	Page 16-17

ADDITIONAL SCHEDULE
**Comparison of Assessments	Page 18 Adopted for FY2023

	Adopted
Budget	Actual
Thru	Projected
Next	Total
as of	Adopted
Budget	
Description	FY2022	7/31/22	2 Months	9/30/22	FY2023	

Revenues						
Maintenance Assessments	$576,274	$599,901	$0	$599,901	$653,640	
Assessments - Prepayment	$0	$125	$0	$125	$0	
Interest Income	$3,000	$8,172	$1,828	$10,000	$3,000	
I-95 City of Daytona Funding	$8,100	$0	$8,100	$8,100	$8,100	
Carry Forward Surplus	$550,000	$0	$0	$0	$511,769	
Total Revenues	$1,137,374	$608,198	$9,928	$618,126	$1,176,509	

Expenditures						
Administrative						
Supervisor Fees	$12,000	$3,800	$2,000	$5,800	$12,000	
FICA Expense	$918	$291	$153	$444	$918	
Engineering	$5,000	$14,847	$0	$14,847	$5,000	
Attorney	$32,000	$12,570	$6,000	$18,570	$32,000	
Annual Audit	$5,100	$6,100	$0	$6,100	$6,100	
Arbitrage	$1,350	$1,350	$0	$1,350	$1,350	
Trustee Fees	$14,000	$4,089	$4,250	$8,339	$8,500	
Dissemination Agent	$3,100	$5,750	$1,100	$6,850	$6,600	
Assessment Administration	$20,000	$20,000	$0	$20,000	$20,000	
Management Fees	$56,500	$47,083	$9,417	$56,500	$59,325	
Information Technology	$2,800	$2,333	$467	$2,800	$2,800	
Website Administration	$1,200	$1,000	$200	$1,200	$1,200	
Telephone	$300	$115	$60	$175	$300	
Postage	$1,500	$124	$76	$200	$1,000	
Insurance	$23,050	$21,701	$0	$21,701	$26,050	
Printing & Binding	$1,750	$1,250	$250	$1,500	$1,750	
Legal Advertising	$2,500	$7,694	$2,306	$10,000	$2,500	
Other Current Charges	$1,000	$665	$110	$775	$1,000	
Office Supplies	$350	$142	$48	$190	$350	
Foreclosure Costs	$0	$666	$0	$666	$0	
Special District Fee	$175	$175	$0	$175	$175	
Office Expense	$6,000	$5,000	$1,000	$6,000	$6,000	
Administrative Expenses	$190,593	$156,745	$27,436	$184,182	$194,918	

Maintenance Expenses I-95						
Landscape Maintenance	$50,400	$42,420	$8,820	$51,240	$52,920	
Landscape Contingency	$3,500	$2,150	$1,350	$3,500	$3,500	
Irrigation Repairs & Maintenance	$20,000	$24,316	$1,684	$26,000	$20,000	
Mowing	$8,100	$0	$0	$0	$8,100	
Lakes	$5,475	$4,916	$858	$5,773	$5,862	
Plant Replacement & Annuals	$8,000	$3,900	$4,100	$8,000	$8,000	
Utilities	$18,000	$12,096	$4,929	$17,025	$18,000	
Repairs	$10,000	$24,025	$90	$24,115	$10,000	
Miscellaneous	$2,000	$2,010	$410	$2,420	$2,461	
Total I-95 Maintenance Expenses	$125,475	$115,833	$22,241	$138,074	$128,843	

	Adopted
Budget	Actual
Thru	Projected
Next	Total
as of	Adopted
Budget	
Description	FY2022	7/31/22	2 Months	9/30/22	FY2023	

Maintenance Expenses - Community Wide	
On-Site Manager	$31,800	$26,500	$5,300	$31,800	$33,390	
Landscape Maintenance	$418,884	$366,051	$77,295	$443,345	$463,768	
Landscape Contingency	$26,912	$12,872	$3,050	$15,922	$25,000	
Irrigation Repairs & Maintenance	$30,000	$34,688	$5,312	$40,000	$35,000	
Lakes	$38,548	$33,298	$6,842	$40,140	$41,049	
Plant Replacement & Annuals	$35,000	$16,653	$8,347	$25,000	$35,000	
Utilities	$40,000	$28,771	$6,000	$34,771	$40,000	
Repairs	$65,972	$37,757	$5,000	$42,757	$57,800	
Stormwater System	$3,158	$0	$790	$790	$3,158	
Sidewalks	$3,000	$0	$750	$750	$3,000	
Miscellaneous	$20,000	$3,762	$410	$4,172	$10,000	
Conservation Easement Maintenance	$47,832	$40,259	$8,371	$48,629	$50,224	
Tree Trimming	$43,200	$36,360	$7,560	$43,920	$45,360	
Pressure Washing	$17,000	$9,715	$0	$9,715	$10,000	
Total Maintenance Expenses -
Community Wide	
$821,306	
$646,686	
$135,026	
$781,711	
$852,748	
						
Total Maintenance Expenses	$946,781	$762,519	$157,266	$919,785	$981,591	
						
TOTAL EXPENDITURES	$1,137,374	$919,264	$184,703	$1,103,966	$1,176,509	
						
EXCESS REVENUES/(EXPENDITURES)	$0	($311,065)	($174,775)	($485,840)	($0)	
				
FY2022	
FY2023	
Net Assessment	$576,274	$653,640	
Add: Discount & Collections 6%	$36,783	$41,722	
Gross Assessments	$613,057	$695,362	

Indigo
Community Development District

Exhibit "A"
Allocation of Operating Reserves
Estimated Funds Available

(1) Beginning Fund Balance - Fiscal Year 2022	$2,147,609	
(2)  Estimated Excess/(Deficit) - Fiscal Year 2022		($485,840) 	
Total Estimated Funds Available - 9/30/2022		$1,661,769 	

Allocation of Funds Available

Operating Reserve - First Quarter Operating Capital	$294,127 Assigned Fund Balance	$511,769
Unassigned Fund Balance	$855,872

Total Allocation of Funds		$1,661,769 

Total Undesignated Cash		$0 

Represents carry forward balance per audited financial report
Assumes no further assessments will be collected
Represents initial operating expenditures

REVENUES:

Maintenance Assessments

The District will levy a Non-Ad Valorem Assessment on all taxable property within the Indigo Community Development District in order to pay for operating & maintenance expenditures for the fiscal year.

Interest Income

The District will have operating funds invested with the US Bank throughout the fiscal year.

I-95 City of Daytona Funding

Represents mowing cost reimbursement from the City of Daytona for 27 cuts at the I-95 interchange per interlocal agreement.

EXPENDITURES:

Administrative:

Supervisors Fees

The amount paid to each supervisor for the time devoted to District business and meetings is determined by Chapter 190, Florida Statutes, at $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings. The amount is based on payment to 5 Supervisors for attending 12 Board meetings during the fiscal year.

FICA Expense

Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering

The District's engineer will be providing general engineering services to the District, i.e., attendance and preparation for monthly meetings, reviewing invoices, annual engineer’s report and various projects assigned as directed by the Board of Supervisors.

Attorney

The District's attorney, Kutak Rock LLP, will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, reviewing contracts, agreements, resolutions, etc. Included as a separate line item is the estimated portion of foreclosure costs related primarily to non-payment of assessments on undeveloped lands in the “South” area of the District. Approximately 75% of the costs will be funded by bond funds.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Arbitrage

The District has a contract to annually calculate the District’s Arbitrage Rebate Liability on the Series 1999A, 1999 C and 2005 Capital Improvement Revenue Bonds. The amount is based on the current contract with AMTEC.

Trustee Fees

The District's Series 1999A, 1999C, 2005 & 2021 Capital Improvement Revenue Bonds are held with a Trustee at US Bank. Series 1999A and 2021 bonds are processed through general fund as the default Series 1999C and 2005 are processed through debt service funds.

Dissemination Agent

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5), which relates to additional reporting requirements for unrelated bond issues. The District has contracted with Governmental Management Services, LLC to provide this service and the amount is based on the contracted amount.

Assessment Administration

The District has contracted with Governmental Management Services, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Management Fees

The District has contracted with Governmental Management Services, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc. Included as a separate line item is the estimated portion of foreclosure costs related primarily to non- payment of assessments on undeveloped lands.

Information Technology

The District has contracted with Governmental Management Services, LLC for cost related to District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.

Website Maintenance

The District has contracted with Governmental Management Services, LLC for the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone

Telephone and fax machine.

Postage

The District incurs charges for mailing of Board meeting agendas, overnight deliveries, checks for vendors, and any other required correspondence.

Insurance

The District currently has a General Liability/Errors & Omissions and Property Insurance Policy with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage for Governmental Agencies.

Printing & Binding

Printing and binding agenda packages for board meetings, printing of computerized checks, correspondence, stationary, etc.

Legal Advertising

Advertising of monthly board meetings, public hearings, and any services that are required to be advertised for public bidding, i.e. audit services, engineering service, maintenance contracts and any other advertising that may be required.

Other Current Charges

Bank charges and any other miscellaneous charges that the District may incur.

Office Supplies

The District incurs charges for any supplies that may need to be purchased during the fiscal year, i.e., paper, minute books, file folders, labels, paper clips, etc.

Annual District Filing Fee

The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only anticipated expenditure for this category.

Office Expense

The District has leased space from the C.L.O. Management LLC for housing of the District maps and records along with space for field operations management. This lease is on an annual basis.

$500 	$6,000 
$6,000

1617 Ridgewood Avenue, Suite D
TOTAL

Annually

Monthly

Description

Maintenance:

Operating Expense I-95

Landscape Maintenance

The District has contracted with Rountree Turf & Ornamental Management, Inc. to maintain the common areas of the District.

Description	Monthly	Annually	
Landscape Maintenance - I-95	$4,200	$50,400	
Contingency			$2,520 	
TOTAL		$52,920	

Landscape Contingency

Represents estimated costs for any additional landscape expenses not covered under the monthly landscape maintenance contract.

Irrigation Repairs & Maintenance

Any irrigation repairs and maintenance expenditures that the District may occur during the fiscal year.

Lakes

The District has contracted with Aquatic Systems, Inc. to maintain the lakes within the District.

Description	Monthly	Annually	
Inspections with Treatment - I-95	$429	$5,146	
Semi-Annual Fountain/Aeration Maintenance			$716 	
TOTAL		$5,862	

Plant Replacement & Annuals

Amounts based upon historic expenditures in this category and the total number of plants currently in place. The District also has a contract to install a specific number of annuals plus any contingencies.

Utilities

The District currently has electric accounts with Florida Power & Light. Based on prior years-average monthly electric bills.

Description	Monthly	Annually	
LPGA Blvd # NEC I-95 # Pump	$700	$8,400	
LPGA Blvd # NEC I-95 # Fountain	$700	$8,400	
Contingency			$1,200 	
TOTAL		$18,000	

Repairs

Reflects expenditures related to the entrance lighting, fountains and any other miscellaneous maintenance repairs.

Miscellaneous

Any miscellaneous maintenance expenditures that the District may incur during the fiscal year.

Operating Expense Community Wide

On-Site Manager

The District has contracted with Solaris Management Inc. for field management services.

Description	Monthly	Annually	
Field Management Services	$2,650	$31,800	
Contingency			$1,590 	
TOTAL		$33,390	

Landscape Maintenance

The District has contracted with Rountree Turf & Ornamental Management, Inc. to maintain the common areas of the District.

$1,995 	$23,940 
$463,768

$439,828

$36,652

Landscape Maintenance - Community Wide Mowing
TOTAL

Annually

Monthly

Description

Landscape Contingency

Represents estimated costs for any additional landscape expenses not covered under the monthly landscape maintenance contract.

Irrigation Repairs & Maintenance

Any irrigation repairs and maintenance expenditures that the District may occur during the fiscal year.

Lakes

The District has contracted with Aquatic Systems, Inc. to maintain the lakes within the District.

$3,421 	$41,049 
$41,049

Inspections with Treatment - North & South
TOTAL

Annually

Monthly

Description

Plant Replacement & Annuals

Amounts based upon historic expenditures in this category and the total number of plants currently in place. The District also has a contract to install a specific number of annuals plus any contingencies.

Utilities

The District currently has electric accounts with Florida Power & Light. Based on prior years-average monthly electric bills.

Description	Monthly	Annually	
Decorative Lighting # Grand Champion	$700	$8,400	
1 Champions Dr # Entrance	$175	$2,100	
230 Champions Dr	$110	$1,320	
579 Champions Dr # Site Lights	$110	$1,320	
654 Champions Dr # Site Lights	$60	$720	
795 Champions Dr # Site Lights	$65	$780	
937 Champions Dr # Site Lights	$55	$660	
977 Champions Dr # Site Lights	$100	$1,200	
10 Champion Ridge Dr # Fountain	$630	$7,560	
105 Grand Champion Blvd # Sign	$130	$1,560	
106 Glen Eagle Grand Dr # Irrigation	$15	$180	
100 International Golf Dr # Lights	$250	$3,000	
399 International Golf Dr # Site Lights	$85	$1,020	
248 Tournament Dr # Site Lights	$50	$600	
360 Tournament Dr # Irrigation Pump	$75	$900	
499 Tournament Dr # Entrance	$75	$900	
Contingency			$7,780 	
TOTAL		$40,000	

Repairs

Reflects expenditures related to the entrance lighting, fountains and any other miscellaneous maintenance repairs.

Stormwater System

Any stormwater maintenance expenditures that the District may incur during the fiscal year.

Sidewalks

Any sidewalk maintenance expenditures that the District may incur during the fiscal year.

Miscellaneous

Any miscellaneous maintenance expenditures that the District may incur during the fiscal year.

Conservation Easement Maintenance

The District is obligated to maintain approximately 137 acres as a Gopher Tortoise Habitat Area in accordance with the Habitat Management Plan prescribed by the Florida Game and Freshwater Fish Commission.

Description	Monthly	Annually	
Conservation Easement Maintenance Underbrush	$3,986	$47,832	
Contingency			$2,392 	
TOTAL		$50,224	

Tree Trimming

Contract for trimming of District “Street Trees” abutting roadways.

Description	Monthly	Annually	
Tree Trimming	$3,600	$43,200	
Contingency			$2,160 	
TOTAL		$45,360	

Pressure Washing

Estimated cost to pressure wash are areas within the District as needed.

Indigo	Debt Service Fund
Community Development District	Series 1999A

	Adopted
Budget	Actual
Thru	Projected
Next	Total
as of	Adopted
Budget	
Description	FY2022	7/31/22	2 Months	9/30/22	FY2023	

Revenues						
Assessments - Tax Roll	$79,064	$79,504	$0	$79,504	$72,750	
Assessments - Prepayments	$0	$41,876	$0	$41,876	$0	
Carry Forward Surplus	$49,419	$49,420	$0	$49,420	$46,608	
Interest	$0	$7	$1	$8	$0	
TOTAL REVENUES	$128,483	$170,807	$1	$170,808	$119,358	

Expenditures						
Series 1999A Interest - 11/1	
$19,600	
$19,600	
$0	
$19,600	
$16,625	
Interest - 5/1	$40,000	$40,000	$0	$40,000	$40,000	
Principal - 5/1	$19,600	$19,600	$0	$19,600	$16,625	
Special Call - 5/1	$0	$45,000	$0	$45,000	$0	
TOTAL EXPENDITURES	$79,200	$124,200	$0	$124,200	$73,250	
						
EXCESS REVENUES/(EXPENDITURES)	$49,283	$46,607	$1	$46,608	$46,108	
				
Nov. 1, 2023	
$15,225	

Net Assessments	$72,750 Add: Discount & Collections 6% 		$4,644 
Gross Assessments 	$77,394 

Indigo	Amortization Schedule
Community Development District	Series 1999A, Capital Improvement Bonds

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL

11/1/22	$	475,000.00	7.00%	$	-	$	16,625.00	$	16,625.00	
5/1/23	$	475,000.00	7.00%	$	40,000	$	16,625.00	$	-	
11/1/23	$	435,000.00	7.00%	$	-	$	15,225.00	$	71,850.00	
5/1/24	$	435,000.00	7.00%	$	40,000	$	15,225.00	$	-	
11/1/24	$	395,000.00	7.00%	$	-	$	13,825.00	$	69,050.00	
5/1/25	$	395,000.00	7.00%	$	45,000	$	13,825.00	$	-	
11/1/25	$	350,000.00	7.00%	$	-	$	12,250.00	$	71,075.00	
5/1/26	$	350,000.00	7.00%	$	50,000	$	12,250.00	$	-	
11/1/26	$	300,000.00	7.00%	$	-	$	10,500.00	$	72,750.00	
5/1/27	$	300,000.00	7.00%	$	50,000	$	10,500.00	$	-	
11/1/27	$	250,000.00	7.00%	$	-	$	8,750.00	$	69,250.00	
5/1/28	$	250,000.00	7.00%	$	55,000	$	8,750.00	$	-	
11/1/28	$	195,000.00	7.00%	$	-	$	6,825.00	$	70,575.00	
5/1/29	$	195,000.00	7.00%	$	60,000	$	6,825.00	$	-	
11/1/29	$	135,000.00	7.00%	$	-	$	4,725.00	$	71,550.00	
5/1/30	$	135,000.00	7.00%	$	65,000	$	4,725.00	$	-	
11/1/30	$	70,000.00	7.00%	$	-	$	2,450.00	$	72,175.00	
5/1/31	$	70,000.00	7.00%	$	70,000	$	2,450.00	$	72,450.00	
Total			$	475,000	$	182,350.00	$	657,350.00	

	Adopted
Budget	Actual
Thru	Projected
Next	Total
as of	Adopted
Budget	
Description	FY2022	7/31/22	2 Months	9/30/22	FY2023	

Revenues						
Assessments	$567,166	$614,182	$0	$614,182	$567,166	
Assessments - Prepayments	$0	$552,298	$0	$552,298	$0	
Assessments - Settlement	$0	$532,066	$0	$532,066	$0	
Interest	$0	$720	$80	$800	$100	
Other Income Source	$375,434	$0	$0	$0	$375,434	
Transfer In	$0	$64,646	$0	$0	$0	
TOTAL REVENUES	$942,600	$1,763,911	$80	$1,763,991	$942,700	

Expenditures						
Series 1999C
Debt Service Obligation	
$942,600	
$474,828	
$0	
$474,828	
$924,225	
Transfer Out	$0	$125,088	$0	$125,088	$0	
TOTAL EXPENDITURES	$942,600	$599,915	$0	$599,915	$924,225	
						
EXCESS REVENUES/(EXPENDITURES)	$0	$1,163,995	$80	$1,164,075	$18,475	
				
Nov. 1, 2023	
$179,200	

Net Assessments	$567,166 Add: Discount & Collections 6% 		$36,202 
Gross Assessments 	$603,368 

	Adopted
Budget	Actual
Thru	Projected
Next	Total
as of	Adopted
Budget	
Description	FY2022	7/31/22	2 Months	9/30/22	FY2023	

Revenues						
Assessments	$268,908	$335,825	$0	$335,825	$268,908	
Assessments - Prepayments	$0	$678,729	$0	$678,729	$0	
Assessments - Settlements	$0	$1,003,351	$0	$1,003,351	$0	
Interest	$0	$789	$86	$875	$150	
Other Income Source	$310,567	$0	$0	$0	$310,567	
Transfer In	$0	$346,854	$0	$346,854	$0	
TOTAL REVENUES	$579,475	$2,365,549	$86	$2,365,635	$579,625	

Expenditures						
Series 2005
Debt Service Obligation	
$579,475	
$351,323	
$0	
$351,323	
$571,231	
TOTAL EXPENDITURES	$579,475	$351,323	$0	$351,323	$571,231	
						
EXCESS REVENUES/(EXPENDITURES)	$0	$2,014,226	$86	$2,014,312	$8,394	
				
Nov. 1, 2023	
$150,075	

Net Assessments	$268,908 Add: Discount & Collections 6% 		$17,164 
Gross Assessments 	$286,073 

	Adopted
Budget	Actual
Thru	Projected
Next	Total
as of	Adopted
Budget	
Description	FY2022	7/31/22	2 Months	9/30/22	FY2023	

Revenues						
Assessments - On Roll	$0	$0	$0	$0	$156,614	
Carry Forward Surplus*	$106,185	$106,185	$0	$106,185	$48,149	
Interest	$0	$7	$2	$9	$0	
TOTAL REVENUES	$106,185	$106,192	$2	$106,194	$204,763	

Expenditures						
Series 2021 Interest - 11/1	
$0	
$0	
$0	
$0	
$48,144	
Interest - 5/1	$58,041	$58,041	$0	$58,041	$60,000	
Principal - 5/1	$0	$0	$0	$0	$48,144	
Transfer Out	$0	$3	$1	$4	$0	
TOTAL EXPENDITURES	$58,041	$58,044	$1	$58,045	$156,289	
						
EXCESS REVENUES/(EXPENDITURES)	$48,144	$48,148	$1	$48,149	$48,474	

*FY22 budgeted amount less Reserves				
Nov. 1, 2023	
$47,484	

Net Assessments	$156,614 Add: Discount & Collections 6% 		$9,997 
Gross Assessments 	$166,611 

		

		

		

		

		

		

		

		
5/1/52	$	150,000	$	150,000	$	3,000.00	$	153,000.00	
Totals		$	2,815,000	$  1,927,720.72	$  4,742,720.72	

Indigo
Series 2021, Capital Improvement Revenue Bonds (Term Bonds Combined)

Amortization Schedule

Date	Balance	Principal	Interest	Annual

5/1/22	$ 2,815,000	$	-	$	58,040.72	$	-	
11/1/22	$ 2,815,000	$	-	$	48,144.38	$	106,185.10	
5/1/23	$ 2,815,000	$	60,000	$	48,144.38	$	-	
11/1/23	$ 2,755,000	$	-	$	47,484.38	$	155,628.75	
5/1/24	$ 2,755,000	$	60,000	$	47,484.38	$	-	
11/1/24	$ 2,695,000	$	-	$	46,824.38	$	154,308.75	
5/1/25	$ 2,695,000	$	60,000	$	46,824.38	$	-	
11/1/25	$ 2,635,000	$	-	$	46,164.38	$	152,988.75	
5/1/26	$ 2,635,000	$	65,000	$	46,164.38	$	-	
11/1/26	$ 2,570,000	$	-	$	45,449.38	$	156,613.75	
5/1/27	$ 2,570,000	$	65,000	$	45,449.38	$	-	
11/1/27	$ 2,505,000	$	-	$	44,571.88	$	155,021.25	
5/1/28	$ 2,505,000	$	65,000	$	44,571.88	$	-	
11/1/28	$ 2,440,000	$	-	$	43,694.38	$	153,266.25	
5/1/29	$ 2,440,000	$	70,000	$	43,694.38	$	-	
11/1/29	$ 2,370,000	$	-	$	42,749.38	$	156,443.75	
5/1/30	$ 2,370,000	$	70,000	$	42,749.38	$	-	
11/1/30	$ 2,300,000	$	-	$	41,804.38	$	154,553.75	
5/1/31	$ 2,300,000	$	70,000	$	41,804.38	$	-	
11/1/31	$ 2,230,000	$	-	$	40,859.38	$	152,663.75	
5/1/32	$ 2,230,000	$	75,000	$	40,859.38	$	-	
11/1/32	$ 2,155,000	$	-	$	39,687.50	$	155,546.88	
5/1/33	$ 2,155,000	$	75,000	$	39,687.50	$	-	
11/1/33	$ 2,080,000	$	-	$	38,515.63	$	153,203.13	
5/1/34	$ 2,080,000	$	80,000	$	38,515.63	$	-	
11/1/34	$ 2,000,000	$	-	$	37,265.63	$	155,781.25	
5/1/35	$ 2,000,000	$	80,000	$	37,265.63	$	-	
11/1/35	$ 1,920,000	$	-	$	36,015.63	$	153,281.25	
5/1/36	$ 1,920,000	$	85,000	$	36,015.63	$	-	
11/1/36	$ 1,835,000	$	-	$	34,687.50	$	155,703.13	
5/1/37	$ 1,835,000	$	85,000	$	34,687.50	$	-	
11/1/37	$ 1,750,000	$	-	$	33,359.38	$	153,046.88	
5/1/38	$ 1,750,000	$	90,000	$	33,359.38	$	-	
11/1/38	$ 1,660,000	$	-	$	31,953.13	$	155,312.50	
5/1/39	$ 1,660,000	$	90,000	$	31,953.13	$	-	
11/1/39	$ 1,570,000	$	-	$	30,546.88	$	152,500.00	
5/1/40	$ 1,570,000	$	95,000	$	30,546.88	$	-	
11/1/40	$ 1,475,000	$	-	$	29,062.50	$	154,609.38	
5/1/41	$ 1,475,000	$	100,000  $	29,062.50  $	-	
11/1/41	$ 1,375,000	$	-	$	27,500.00  $	156,562.50	
5/1/42	$ 1,375,000	$	100,000  $	27,500.00  $	-	
11/1/42	$ 1,275,000	$	-	$	25,500.00  $	153,000.00	
5/1/43	$ 1,275,000	$	105,000  $	25,500.00  $	-	
11/1/43	$ 1,170,000	$	-	$	23,400.00  $	153,900.00	
5/1/44	$ 1,170,000	$	110,000  $	23,400.00  $	-	
11/1/44	$ 1,060,000	$	-	$	21,200.00  $	154,600.00	
5/1/45	$ 1,060,000	$	115,000  $	21,200.00  $	-	
11/1/45	$	945,000	$	-	$	18,900.00  $	155,100.00	
5/1/46	$	945,000	$	120,000  $	18,900.00  $	-	
11/1/46	$	825,000	$	-	$	16,500.00  $	155,400.00	
5/1/47	$	825,000	$	125,000  $	16,500.00  $	-	
11/1/47	$	700,000	$	-	$	14,000.00  $	155,500.00	
5/1/48	$	700,000	$	130,000  $	14,000.00  $	-	
11/1/48	$	570,000	$	-	$	11,400.00  $	155,400.00	
5/1/49	$	570,000	$	135,000  $	11,400.00  $	-	
11/1/49	$	435,000	$	-	$	8,700.00  $	155,100.00	
5/1/50	$	435,000	$	140,000  $	8,700.00  $	-	
11/1/50	$	295,000	$	-	$	5,900.00  $	154,600.00	
5/1/51	$	295,000	$	145,000  $	5,900.00  $	-	
11/1/51	$	150,000	$	-	$	3,000.00  $	153,900.00	

Indigo CDD

Assessments Allocation FY 2023

FY23 Allocation to all platted units equally and unplatted units in the "North" South undeveloped lands allocated on an acreage basis

Budget Rev/Cost		
Description	Total	North		South-Platted	South-Raw	
Interest Income	$0		$0	$0	$0	
Transfer In	$0		$0	$0	$0	
Admin Exp	$194,918		$67,440	$43,216	$84,262	
Net Operating Exp I-95 net of city funding	$120,743		$57,398	$36,781	$26,563	
North O&M exp	$0		$0	$0	$0	
South O&M exp	$0		$0	$0	$0	
Main Reserves	$0		$0	$0	$0	
Maint Expenses Community Wide	$852,749		$405,376	$259,768	$187,605	
Sub Total	$1,168,410		$530,215	$339,765	$298,430	
Allocation of carryforward fund balance	($511,770)		($198,251)	($127,778)	($185,741)	
Interest earnings	($3,000)		($2,278)	($722)	$0	
Reserves - Administrative	$0		$0	$0	$0	
Reserves - Field Community Wide	$0		$0	$0	$0	

Total Assessments	  $653,640	$329,686	$211,265	$112,689 	

Units	
2,406.90	
1,466.90	
940.00	
1,832.78	
Assessment per unit (South undev per unit) FY 2023		$224.75	$224.75	$61.49	
Assessment per unit (South undev per unit) FY 2022		$224.75	$224.75	$61.50	
	Total units	4,239.68				

Platted Units	

825.00	

940.00		
	LPGA	17.85			
	Unplatted	624.05		2,306.38	

	1,466.90	940.00	2,306.38 

Maintenance Expenses Community Wide allocated 22% against all units that are undeveloped remaining to be platted. Starting in 2010, it was 25% but an additional 115 platted lots were on the roll for FY 2011.

Administrative expenses allocated against all units to be developed.

All North units are treated equally regardless if they have been platted or site planned.
Substantially all District infrastructure is in place for the North units other than some neighborhood improvements.

Reserves administrative allocated against all units equally, field allocated based on subtotal of expenses as a % for each category.

FY 18 reduction of 45 units in North with land sold to city of Daytona Beach.

1/30/19 agreement with American SW-30 Investments reduced Parcel 32 to 64 units and SW-30 to 400 units. Reduction from 772.42 units to 464 units or total reduction of 308.42 units.