2024 Uscdd Budget
University Square Community Development District, Lee County, Florida
AI Summary
University Square Community Development District adopted its Fiscal Year 2023-2024 budget with total expenditures of $79,732 for the General Fund, supported by assessment revenues of $79,732 including on-roll assessments of $79,582 and interest income of $150. The district also manages two debt service funds: Series 2012 bonds (original amount $6,735,000 with 5 years remaining principal of $2,535,000) requiring $583,500 in annual debt service, and Series 2017 bonds (original amount $9,595,000 with 14 years remaining principal of $7,175,000) requiring $653,262 in annual debt service. Major General Fund expenses include management fees of $33,500, legal services of $5,000, assessment roll preparation of $11,500, and insurance of $7,300...
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