Storey Drive 
Community Development District 
Adopted Budget 
FY 2021-2022 

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Table of Contents 
General Fund 
General Fund Narrative

Adopted Adopted 
Budget Budget 
FY2021* FY2022 
Revenues 
Developer Contributions $51,630 $117,118 
Total Revenues $51,630 $117,118 
Expenditures 
Administrative 
Supervisor Fees $5,000 $12,000 
FICA Expense $383 $918 
Engineering $5,000 $12,000 
Attorney $10,417 $25,000 
Dissemination $0 $3,500 
Arbitrage $0 $450 
Annual Audit $0 $2,500 
Trustee Fees $0 $5,000 
Assessment Administration $0 $5,000 
Management Fees $14,583 $35,000 
Information Technology $438 $1,050 
Website Creation $1,750 $0 
Website Maintenance $250 $600 
Telephone $125 $300 
Postage $417 $1,000 
Printing & Binding $417 $1,000 
Insurance $2,025 $5,000 
Legal Advertising $10,000 $5,000 
Other Current Charges $417 $1,000 
Office Supplies $260 $625 
Dues, Licenses & Subscriptions $150 $175 
Total Expenditures $51,630 $117,118 
Excess Revenues/(Expenditures) $0 $0 
*FY2021 expenses have been prorated for 5 months of the fiscal year. 
Storey Drive 
Community Development District 
Fiscal Year 2021-2022 
General Fund 
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Storey Drive 
Community Development District 
GENERAL FUND BUDGET 
REVENUES: 
Developer Contributions 
The District will enter into a funding agreement with the developer to fund the general fund 
expenditures for the fiscal year. 
EXPENDITURES: 
Administrative: 
Supervisor Fees 
Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to 
exceed $4,800 per year paid to each Supervisor for the time devoted to District business and 
meetings. Amount is based on 5 supervisors attending 12 meetings during the fiscal year. 
FICA Expense 
Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of 
Supervisor checks. 
Engineering 
The District's engineer will be providing general engineering services to the District, e.g. attendance 
and preparation for monthly board meetings, review invoices, etc. 
Attorney 
The District's legal counsel will be providing general legal services to the District, e.g. attendance 
and preparation for monthly meetings, preparation and review of agreements, resolutions, etc. 
Dissemination 
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 unrated bond issues. 
Arbitrage 
The District will contract with an independent certified public accountant to annually calculate the 
District’s Arbitrage Rebate Liability on any bonds the District may issue. 
Annual Audit 
The District is required by Florida Statutes to arrange for an independent audit of its financial 
records on an annual basis. 
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Storey Drive 
Community Development District 
GENERAL FUND BUDGET 
Trustee Fees 
The District will pay annual trustee fees for any bonds it may issue. 
Assessment Administration 
The District will contract 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-Central Florida, 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, budget preparation, all 
financial reporting, annual audit, etc. 
Information Technology 
Represents costs related to the District’s information systems, which include but are not limited to 
video conferencing services, cloud storage services and servers, security, accounting software, 
etc. 
Website Creation 
Represents cost to create the initial District website and ensure District meets ADA compliance 
guidelines. 
Website Maintenance 
Represents the costs associated with monitoring and maintaining the District’s website created in 
accordance with Chapter 189, Florida Statues. 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 
Mailing of agenda packages, overnight deliveries, correspondence, etc. 
Printing & Binding 
Printing and Binding agenda packages for board meetings, printing of computerized checks, 
stationary, envelopes etc. 
Insurance 
The District’s general liability and public officials liability insurance coverage is provided by Florida 
Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental 
agencies. 
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Storey Drive 
Community Development District 
GENERAL FUND BUDGET 
Legal Advertising 
The District is required to advertise various notices for monthly Board meetings, public hearings, 
etc in a newspaper of general circulation. 
Other Current Charges 
Bank charges and any other miscellaneous expenses incurred during the year. 
Office Supplies 
Miscellaneous office supplies. 
Dues, Licenses & Subscriptions 
The District is required to pay an annual fee to the Florida Department of Economic Opportunity for 
$175. This is the only expense under this category for the District. 
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