RESOLUTION 2023-01
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE INDIGO COMMUNITY DEVELOPMENT DISTRICT APPROVING AN AMENDEDMENT TO THE GENERAL FUND BUDGET FOR FISCAL YEAR 2022 AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, pursuant to Resolution 2021-05 the Indigo Community Development District Board of Supervisors (the “Board”) adopted a General Fund Budget for Fiscal Year 2022; and

WHEREAS, the Board desires to amend the budgeted revenues and expenditures approved for Fiscal Year 2022.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE INDIGO COMMUNITY DEVELOPMENT DISTRICT:

The General Fund Budget for Fiscal Year 2022 is hereby amended and restated as set forth on the Fiscal Year 2022 Budget attached hereto as “Exhibit A”.

This Resolution shall take effect immediately upon adoption and be reflected in the monthly and Fiscal Year End 9/30/2022 Financial Statements and Audit Report of the District.

PASSED AND ADOPTED THIS 19th DAY OF OCTOBER, 2022.

ATTEST:	BOARD OF SUPERVISORS OF THE INDIGO	COMMUNITY DEVELOPMENT DISTRICT

Secretary

By:		 Its:	Chairman		

Indigo
Community Development District

Amended Budget
FY 2022

Indigo	General Fund
Community Development District	Operating & Maintenance

	Adopted
Budget	
Increase/	Amended
Budget	Actuals
Thru	
Description	FY2022	(Decrease)	FY2022	9/30/22	

Revenues					
Maintenance Assessments	$576,274	$0	$576,274	$599,901	
Assessments - Prepayment	$0	$125	$125	$125	
Interest Income	$3,000	$12,807	$15,807	$15,807	
I-95 City of Daytona Funding	$8,100	$0	$8,100	$8,100	
Carry Forward Surplus	$550,000	$39,068	$589,068	$508,445	
Total Revenues	$1,137,374	$52,000	$1,189,374	$1,132,378	

Expenditures					
Administrative					
Supervisor Fees	$12,000	($7,200)	$4,800	$4,800	
FICA Expense	$918	($551)	$367	$367	
Engineering	$5,000	$11,000	$16,000	$15,697	
Attorney	$32,000	($10,000)	$22,000	$16,294	
Annual Audit	$5,100	$1,000	$6,100	$6,100	
Arbitrage	$1,350	$0	$1,350	$1,350	
Trustee Fees	$14,000	($4,000)	$10,000	$4,089	
Dissemination Agent	$3,100	$3,900	$7,000	$6,850	
Special Assessment Roll Services	$20,000	$0	$20,000	$20,000	
Management Fees	$56,500	$0	$56,500	$56,500	
Information Technology	$2,800	$0	$2,800	$2,800	
Website Administration	$1,200	$0	$1,200	$1,200	
Telephone	$300	$0	$300	$148	
Postage	$1,500	($1,000)	$500	$133	
Insurance	$23,050	$0	$23,050	$21,701	
Printing & Binding	$1,750	$0	$1,750	$1,719	
Legal Advertising	$2,500	$6,000	$8,500	$7,694	
Other Current Charges	$1,000	$0	$1,000	$699	
Office Supplies	$350	$0	$350	$162	
Foreclosure Costs	$0	$1,000	$1,000	$666	
Annual District Filing Fee	$175	$0	$175	$175	
Office Expense	$6,000	$0	$6,000	$6,000	
Administrative Expenses	$190,593	$149	$190,742	$175,144	

Maintenance Expenses I-95					
Landscape Maintenance	$50,400	$5,100	$55,500	$51,240	
Landscape Contingency	$3,500	$0	$3,500	$2,150	
Irrigation Repairs & Maintenance	$20,000	$8,000	$28,000	$26,986	
Mowing	$8,100	($8,100)	$0	$0	
Lakes	$5,475	$1,025	$6,500	$5,773	
Plant Replacement & Annuals	$8,000	$2,500	$10,500	$9,848	
Utilities	$18,000	$0	$18,000	$15,007	
Repairs	$10,000	$20,000	$30,000	$29,337	
Miscellaneous	$2,000	$1,000	$3,000	$2,420	
Total I-95 Maintenance Expenses	$125,475	$29,525	$155,000	$142,760	

Indigo	General Fund
Community Development District	Operating & Maintenance

Adopted
Budget	
Increase/	Amended
Budget	Actuals
Thru	
Description	FY2022	(Decrease)	FY2022	9/30/22	

Maintenance Expenses - Community Wide				
On-Site Manager	$31,800	$0	$31,800	$31,800	
Landscape Maintenance	$418,884	$31,116	$450,000	$443,345	
Landscape Contingency	$26,912	$13,088	$40,000	$37,822	
Irrigation Repairs & Maintenance	$30,000	$15,000	$45,000	$41,786	
Lakes	$38,548	$3,452	$42,000	$40,140	
Plant Replacement & Annuals	$35,000	($10,000)	$25,000	$22,013	
Utilities	$40,000	($5,000)	$35,000	$34,557	
Repairs	$65,972	($5,972)	$60,000	$56,379	
Stormwater System	$3,158	($3,158)	$0	$0	
Sidewalks	$3,000	($3,000)	$0	$0	
Miscellaneous	$20,000	($12,000)	$8,000	$4,368	
Conservation Easement Maintenance	$47,832	$2,000	$49,832	$48,629	
Tree Trimming	$43,200	$1,800	$45,000	$43,920	
Pressure Washing	$17,000	($5,000)	$12,000	$9,715	
Total Maintenance Expenses -
Community Wide	
$821,306	
$22,326	
$843,632	
$814,474	
					
Total Maintenance Expenses	$946,781	$51,851	$998,632	$957,234	
					
TOTAL EXPENDITURES	$1,137,374	$52,000	$1,189,374	$1,132,378	
					
EXCESS REVENUES/(EXPENDITURES)	$0	($0)	$0	($0)