RESOLUTION 2021-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE TESORO COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2021/2022 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors ("Board") of the Tesoro Community Development District ("District") prior to June 15, 2021, a proposed budget ("Proposed Budget") for the fiscal year beginning October 1, 2021 and ending September 30, 2022 ("Fiscal Year 2021/2022"); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

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

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2021/2022 attached hereto as Exhibit A  is  hereby approved  as  the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE: HOUR: LOCATION:

August 16, 2021

10:00 a.m.

The Tesoro Club
2000 SE Via Tesoro Blvd. Port St. Lucie, FL 34984

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to St. Lucie County and the City of Port St. Lucie at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District's Secretary is further directed to post the approved Proposed Budget on the District's website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice ohhis public hearing shall be published
in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED TIDS 28th DAY OF APRIL, 2021.

ATTEST :	TESORO COMMUNITY
DEVELOPMENT DISTRICT

By: 		 	-	-	-	-	-	

Its:_  _	_

 	C,=f/=l}.'.:/.fL-'-e-='---- -	-	-	-	- 

Tesoro
Community Development District

Proposed Budget
FY2022

Table of Contents

1	 	General Fund

2-5	 	General Fund Narrative

Community Development District
General Fund Budget

Adopted
Budget	Actual
Lhru	Pro1cctcd
Next	Projected
thru	Proposed
Budget	
FY2021	3 31/21	6 Months	9  30  21	FY2022	
1--•11•					

stormwater Fees	$220,000	$225,814	$0	$225,814	$227,000	
Maintenance Assessments	$71,321	$89,617	$0	$1B,617	$71,321	
Interest Inmme	$7,500	$264	$264	$528	$7,500	
carry Forward surplus	$75,008	$93,817	$0	$93,817	$71,97 5	

Expendibu:es		
daiiaJ.slral.1:?1											
Supervisor Fees	$4,000		$0		$2,000		$2,000		$4,000		
FICA Elcpense	$306		$0		$153		$153		$306		
Engineering	$5,000		$211		$500		$711		$5,000		
Attorney	$10,000		$ 2,IBO		$ 2,7Bl		$5,671		$10,000		
Annual Audit	$2,900		$0		$2,900		$2,900		$3,000		
Assessment Administration	$2,500		$2,500		$0		$2,500		$2,500		
Dlstrid Management Fees	$31,827		$15,914		$15,913		$31,827		$32,782		
Information Technology	$500		$250		$250		$500		$950		
Website Administration	$0		$0		$0		$0		$850		
Telephone	$150		$0		$50		$50		$150		
Postage	$1,000		$19		$300		$319		$1,000		
Insurance	$7,016		$6,707		$0		$6,707		$7,378		
Printing &Binding	$1,000		$11		$200		$211		$1,000		
Legal Advertising	$1,600		$491		$780		$1,271		$1,600		
Other Current Charges	$750		$919		$383		$1,:112		$2,000		
Office Supplies	$200		$1		$50		$51		$200		
Dues, Ucenses &.Subsaiptlons	$175		$175		$0		$175		$175		
Admlalstntlft Expenses	$	68,9li	s	
301081	s	
Z&,260	s	56,3f7	s	
'2,11ft		

,-,' ·: '	$   • -	-.-	. "i " .	.·.» :- ,      .._ . , ·	I.  ,;.  ffi  R	'

Bd.d		
Field Mangagement Fees	$15,914	$7,957	$7,957	$15,914	$15,914	
 Wet Side							
Mitigation Maintenance	$ffi, 116	$42,558	$42,558	$Hi,116	$Hi, 116	
Landscaping	$94,500	$39,375	$55,125	$94,500	$94,500	
Electric	$10,000	$1,438	$2,390	$3,128	$10,000	
Plant Replacement	$5,000	$0	$1,500	$1,500	$5,000	
Fountain Repairs	$5,000	$0	$1,500	$1,500	$5,000	
Contingency	$5,000	$0	$3,000	$3,000	$5,000	

 		 	

Mitigation Monitoring	$7,500	$0	$3,750	$3,750	$7,500
Mitigation Maintenance	$66,116	$33,438	$33,438	$66 ,&'6	$66,116
Plant Replacement	$5,000	$0	$2,500	$2,500	$5,000
COntingency	$5,000	$0	$3,000	$3,000	$5,000

Ea.lt.Sld.e

--

-alt

. ,-	

,$

j	Ut 76	I	JS6,ti 7  $	.-21 1.	$	31)4,906

Total IID8tfdllllres	s	313,830    s  154,853   s	11g,977   s	3a7  s	3771796

'

filiii-+.as. -                   /@pelld'i?!!:!!}	s	0   t	25,4,688     $   (182,713}  S	'll,975
Net As&es!ment

(Ol
$71,321

Add: Discounts&. Calecticns 	f!, SS2 
Gr0!1S Asses!ments	$75,873

SF	Per unit G.- M■lntarance "-ment	

Developed Tracts Undeveloped
"'Und.."""""'4 SF Lois assessed at ,75 units	FY21118	FY2019	FY21120	FY2021	FY21122	
	$-10.69	$-10.69	$-10.69	$40.69	$'10,69
$'10,69	$'10,69	$-10.69	$-40.69	$'10,69
$30.52	$30.52	$30.52	$30.52	$30.52	

1

GENERAL FUN DBU[l;E T

REVENUES:

Stormwater Fees
The District has entered into an agreement with the Qty of St. Lucie requiring the City to refund to the District 75% of all stormwater fees collected within the District's boundaries.

DescriDtion	Amount	
Gross Stonnwater Revenue	$325,612	
Less: Discount, Tax Collector & Property Appraiser @ 7% (.93)	$302,819	
CDD Amount (75%)	$227,114	
Allowance for Delinquencies		
NET BUDGET	$220,000	

Maintenance Assessments
The District will levy a non-ad valorem special assessment on all taxable property within the District, to fund General Operating and Maintenance Expenditures for the Fiscal Year. This represents the net assessments after discounts and collection fees.
Int.erestlnrome
The District will invest surplus funds with State Board of Administration.

O,ny ForwardSUl]J(US
The District will utilize a portion of excess funds collected in previous fiscal years.

EXPENDmJRES;
Administrative:
Supervisor Fees

The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon 5 supervisors attending 4 monthly meetings.
RC.A Expense
Represents the Employer's share of Social Security and Medicare taxes withheld from the Board of Supervisors 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.
Attomev
The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.

2

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District is contracted with Grau and Associates, CPA.
Assessment Adminsitration
The District has contracted with Governmental Management Services-CF, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

District ManagementFees
The District has contracted with Governmental Management Services - Central Florida, LLC to provide management, accounting and recording secretary services. These services include but are not limited to, advertising, recording and transcribing of Board meetings, administrative services, budget preparation, financial reporting, and assisting with annual audits.
Information Technotog.,v
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 Maintenance
Represents 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
The District incurs charges for telephone and facsimile services.
Posli1ge
Mailing of agenda packages, overnight deliveries, checks for vendors and other required correspondence.
Insurance
The District's general liability and public officials liability coverage is provide by the Florida Insurance Alliance (FIA). AA specializes in providing insurance coverage to governmental agencies.
Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings etc. in a newspaper of general circulation.

3

Other current Charges
Includes bank charges and any other miscellaneous expenses that are incurred during the year.

Office 5£/RPHes
Miscellaneous office supplies.
Dues, Licenses & subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Field Operations:
Reid Management fees
The District has contracted with Governmental Management Services - Central Florida, LLC to provide onsite field management of contracts for the District Services such as landscape and lake maintenance. Services to include onsite inspections, meetings with contractors and monitoring of utility accounts.

WestSide
Mitigation Maintenance

Includes the cutting and removal of exotic and nuisance vegetation from all wetland preserves and their associated buffers within the limits of the US Army Corps of Engineers permit and the SFWMD permit previously issued for the parcel west of Via Tesoro Boulevard within the limits of the Tesoro West project area. Due to the native vegetation on the site and in accordance with the conditions of the Agency permits, hand cutting of vegetation will occur where possible and application of an appropriate herbicide to the cut stumps to inhibit further growth. The District has contracted with Native Lands Management, Inc. for this service.

D escription	Monthly	Annuall y	
Mitigation Maintenance	$7,093
TOTAL	$85 ,116	
	$ 85 11 6	

limdsc.aping
Scheduled maintenance consists of trimming vegetation, weed control, edging, blowing, application
of herbicides (as permitted), and the removal of debris and trash within the service area. The District has contracted with Wellington Pro Lawn care for this service.

Descriotion	Monthlv	Annuallv	
Landscape Maintenance	$7,875
TOTAL	$94.500	
	$94 ,500	

4

To record cost of electric services to an Irrigation pump. The District has the following utility account with Florida Power & Light.

Descrintion	Month ly	Annually	
167 SE Bella strano #Pump	$833
TOTAL	$10,000	
	$1,0 000	

Plant Replacement

Unscheduled maintenance consists of tree, shrub, and other plant material replacements in various communities.

Fountain Repairs

Includes expenses for equipment, supplies, and maintenance for the fountains at the District.

Contingency
The current year contingency represents 20% of the mitigation maintenance and 10% of the landscaping costs for any maintenance expenses not included in budget categories or not anticipated in specific line items.

EastSide
Mitigation Monitoring
The District will schedule monitoring of mitigation areas.

Mitigation Maintenance
Includes the cutting and removal of exotic and nuisance vegetation from all wetland preserves and their associated buffers within the limitS of the US Army corps of Engineers permit and the SFWMD permit previously issued for the parcel east of Via Tesoro Boulevard within the limits of the Tesoro East project area. Due to the native vegetation on the site and in accordance with the conditions of the Agency permits, hand cutting of vegetation will occur where possible and application of an appropriate herbicide to the cut stumps to inhibit further growth. The District has contracted with Native Lands Management, Inc. for this service.

Descrintion	Monthly	Annuall v	
Mitigation Maintenance	$5,573
TOTAL	$66 876	
	$66 876	

Plant Rgplacement
Unscheduled maintenance consists of tree, shrub, and other plant material replacements.
Contingency
The current year contingency represents 20% of the mitigation maintenance and 10% of the landscaping costs for any maintenance expenses not anticipated in budget categories.

5