RESOLUTION 21-2

WHEREAS, at a meeting of the Board of Supervisors of the Cypress Grove Community Development District ("District") held on August 16, 2021, a public hearing was held and the Board reviewed the proposed budget for FY 2021-2022; and

WHEREAS, upon such review and making such changes, if any, as the Board determined necessary, the Board determined to approve said budget.

NOW, THEREFORE, BE IT, AND IT IS HEREBY RESOLVED, that Cypress Grove
Community Development District adopts as its final budget for FY 2020-2021 the budget attached hereto as Exhibit "A".

Upon motion by Supervisor Portnoy, and seconded by Supervisor Duhaney, the Board approved the resolution as follows:

Charles Walsey		
Larry Portnoy		
Rick Elsner		
Patrick Fogarty		
Pam Duhaney		

The Chairman thereupon declared the resolution duly passed and adopted this 16th day of August, 2021.

APPROVED AS TO FORM AND	CYPRESS GROVE COMMUNITY LEGAL SUFFICIENCY	DEVELOPMENT DISTRICT

By:		By:	 Peter L. Breton			Charles Walsey, Chair
Attorney for Cypress Grove Community Development District

F:\Data\Data\03400\1\Resolutions\Resolution 21-2 (Final Budget).doc

EXHIBIT A
CYPRESS GROVE COMMUNITY DEVELOPMENT DISTRICT 2021-2022 ADOPTED BUDGET
Revenue	Budget

Assessment	516,661	
Less Allowable 4% Discount	-20,666	
Less 1% Tax Collector's Commission	-5,167	
Miscellaneous Revenue (County park assessment)	5,603	
Total New Revenue	496,431	

Total Funds Available for FY		496,431

Administrative Expenditures

Interest	1,000	
Administrative fees	6,000	
Attorney fees	20,000	
Engineering fees	30,000	
Insurance	9,000	
Auditing fees	4,900	
Postage	100	
Publication, advertising & dues	1,000	
Miscellaneous Administrative Fees	1,000	
ISS Fee	770	
Total Administrative Expenditures		73,770	

General Maintenance Expenditures
Aquatic plant control	

10,000	
Pump operations & maint.	268,661	
Road Grading	19,000	
Canal Maintenance	45,000	
Fuel	55,000	
Total General Maintenance Expenditures		397,661	

Line of Credit Principal Payment	
	25,000	

Total Budgeted Expenditures	

	496,431	

Assessment Per Acre			

Total Assessment	
516,661	

Assessment Per Acre (6,853.18 acres)	
75.39