DocuSign Envelope ID: 76BD1DFB-4792-4A65-BAD3-CCFC3D4BEEFE

RESOLUTION 2024-01
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE INDIGO COMMUNITY DEVELOPMENT DISTRICT APPROVING AN AMENDEDMENT TO THE GENERAL FUND BUDGET FOR FISCAL YEAR 2023 AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, pursuant to Resolution 2023-07 the Indigo Community Development District Board of Supervisors (the “Board”) adopted a General Fund Budget for Fiscal Year 2023; and

WHEREAS, the Board desires to amend the budgeted revenues and expenditures approved for Fiscal Year 2023.

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

The General Fund Budget for Fiscal Year 2023 is hereby amended and restated as set forth on the Fiscal Year 2023 Budget attached hereto as “Exhibit A”.

This Resolution shall take effect immediately upon adoption and be reflected in the monthly and Fiscal Year End 9/30/2023 Financial Statements and Audit Report of the District.

PASSED AND ADOPTED THIS 15th DAY OF NOVEMBER, 2023.

ATTEST:	BOARD OF SUPERVISORS OF THE INDIGO	COMMUNITY DEVELOPMENT DISTRICT

By:	
Secretary

Its:

Chairman

DocuSign Envelope ID: 76BD1DFB-4792-4A65-BAD3-CCFC3D4BEEFE

Exhibit A

Indigo
Community Development District

Amended Budget
FY 2023

Indigo	General Fund
Community Development District	Operating & Maintenance

	Adopted
Budget	
Increase/	Amended
Budget	Actual
Thru	
Description	FY2023	(Decrease)	FY2023	9/30/23	

Revenues					
Maintenance Assessments	$653,640	$0	$653,640	$619,968	
Interest Income	$3,000	$51,853	$54,853	$54,853	
I-95 City of Daytona Funding	$8,100	$675	$8,775	$8,775	
Carry Forward Surplus	$511,769	$142,131	$653,900	$652,798	
Total Revenues	$1,176,509	$194,659	$1,371,168	$1,336,394	

Expenditures					
Administrative					
Supervisor Fees	$12,000	($4,800)	$7,200	$7,200	
FICA Expense	$918	($367)	$551	$551	
Engineering	$5,000	($4,800)	$200	$61	
Attorney	$32,000	($12,000)	$20,000	$17,223	
Annual Audit	$6,100	$0	$6,100	$4,515	
Arbitrage	$1,350	$900	$2,250	$2,250	
Trustee Fees	$8,500	$0	$8,500	$8,130	
Dissemination Agent	$6,600	$0	$6,600	$6,600	
Assessment Administration	$20,000	$0	$20,000	$20,000	
Management Fees	$59,325	$0	$59,325	$59,325	
Information Technology	$2,800	$0	$2,800	$2,800	
Website Administration	$1,200	$0	$1,200	$1,200	
Telephone	$300	$0	$300	$79	
Postage	$1,000	($750)	$250	$187	
Insurance	$26,050	$0	$26,050	$23,668	
Printing & Binding	$1,750	$0	$1,750	$1,197	
Legal Advertising	$2,500	$4,000	$6,500	$6,478	
Other Current Charges	$1,000	$600	$1,600	$1,588	
Office Supplies	$350	$0	$350	$320	
Special District Fee	$175	$0	$175	$175	
Office Expense	$6,000	$0	$6,000	$6,000	
Administrative Expenses	$194,918	($17,217)	$177,701	$169,545	

Maintenance Expenses I-95					
Landscape Maintenance	$52,920	$0	$52,920	$52,920	
Landscape Contingency	$3,500	($3,500)	$0	$0	
Irrigation Repairs & Maintenance	$20,000	($10,000)	$10,000	$7,086	
Mowing	$8,100	($8,100)	$0	$0	
Lakes	$5,862	$300	$6,162	$6,054	
Plant Replacement & Annuals	$8,000	$0	$8,000	$7,620	
Utilities	$18,000	$0	$18,000	$15,715	
Repairs	$10,000	($4,000)	$6,000	$5,086	
Miscellaneous	$2,461	$0	$2,461	$2,461	
Total I-95 Maintenance Expenses	$128,843	($25,300)	$103,543	$96,942	

Indigo	General Fund
Community Development District	Operating & Maintenance

Adopted
Budget	
Increase/	Amended
Budget	Actual
Thru	
Description	FY2023	(Decrease)	FY2023	9/30/23	

Maintenance Expenses - Community Wide				
On-Site Manager	$33,390	$0	$33,390	$31,800	
Landscape Maintenance	$463,768	$0	$463,768	$463,768	
Landscape Maintenance - New Area	$0	$101,034	$101,034	$101,034	
Landscape Contingency	$25,000	$45,150	$70,150	$70,095	
Irrigation Repairs & Maintenance	$35,000	$0	$35,000	$26,167	
Irrigation Repairs & Maintenance - New Area	$0	$1,000	$1,000	$733	
Lakes	$41,049	$2,000	$43,049	$42,818	
Plant Replacement & Annuals	$35,000	$2,200	$37,200	$37,104	
Plant Replacement & Annuals - New Area	$0	$750	$750	$750	
Utilities	$40,000	$0	$40,000	$36,377	
Repairs	$57,800	($10,000)	$47,800	$46,310	
Stormwater System	$3,158	($3,158)	$0	$0	
Sidewalks	$3,000	($3,000)	$0	$0	
Miscellaneous	$10,000	($4,000)	$6,000	$5,752	
Miscellaneous - New Area	$0	$200	$200	$200	
Conservation Easement Maintenance	$50,224	$3,000	$53,224	$53,206	
Tree Trimming	$45,360	$0	$45,360	$45,360	
Pressure Washing	$10,000	($8,000)	$2,000	$0	
Hurricane Expense	$0	$110,000	$110,000	$108,434	
Total Maintenance Expenses -
Community Wide	
$852,748	
$237,177	
$1,089,925	
$1,069,907	
					
Total Maintenance Expenses	$981,591	$211,877	$1,193,468	$1,166,849	
					
TOTAL EXPENDITURES	$1,176,509	$194,659	$1,371,168	$1,336,394	
					
EXCESS REVENUES/(EXPENDITURES)	($0)	($0)	($0)	($0)