Old Hickory 
Community Development District 
Adopted Budget 
FY 2024 

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Table of Contents 
General Fund 
General Fund Narrative 
Debt Service Fund Series 2020 
Amortization Schedule Series 2020

Adopted Actual Projected Total Adopted 
Budget Thru Next 3 Thru Budget 
FY2023 6/30/23 Months 9/30/23 FY2024 
Revenues 
Special Assessments $427,829 $429,123 $0 $429,123 $451,730 
Total Revenues $427,829 $429,123 $0 $429,123 $451,730 
Expenditures 
Administrative 
Supervisor Fees $12,000 $3,800 $2,000 $5,800 $12,000 
FICA Expense $918 $291 $153 $444 $918 
Engineering $12,000 $5,050 $2,950 $8,000 $12,000 
Attorney $25,000 $2,786 $2,214 $5,000 $25,000 
Arbitrage $450 $450 $0 $450 $450 
Dissemination $3,500 $2,625 $875 $3,500 $3,500 
Annual Audit $4,500 $5,000 $0 $5,000 $5,100 
Trustee Fees $4,100 $4,041 $0 $4,041 $4,050 
Assessment Administration $5,000 $5,000 $0 $5,000 $5,300 
Management Fees $36,750 $27,563 $9,188 $36,750 $38,955 
Information Technology $1,300 $975 $325 $1,300 $1,800 
Website Maintenance $800 $600 $200 $800 $1,200 
Telephone $300 $0 $25 $25 $50 
Postage $1,000 $502 $400 $902 $1,000 
Insurance $6,325 $5,645 $0 $5,645 $6,210 
Printing & Binding $1,000 $53 $250 $303 $500 
Legal Advertising $2,500 $797 $1,703 $2,500 $2,500 
Other Current Charges $1,000 $401 $120 $521 $600 
Office Supplies $625 $3 $65 $68 $150 
Property Appraiser $0 $451 $0 $451 $500 
Dues, Licenses & Subscriptions $175 $175 $0 $175 $175 
Total Administrative $119,243 $66,206 $20,467 $86,674 $121,958 
Old Hickory 
Community Development District 
Fiscal Year 2024 
General Fund 
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Adopted Actual Projected Total Adopted 
Budget Thru Next 3 Thru Budget 
FY2023 6/30/23 Months 9/30/23 FY2024 
Operations & Maintenance 
Field Services $15,750 $11,813 $3,938 $15,750 $16,695 
Property Insurance $1,525 $1,398 $0 $1,398 $2,500 
Electric $1,500 $295 $100 $395 $1,500 
Streetlights $93,025 $56,925 $23,486 $80,411 $101,430 
Water & Sewer $20,000 $14,658 $7,300 $21,958 $24,940 
Landscape Maintenance $143,280 $81,850 $33,903 $115,753 $142,393 
Landscape Contingency $2,500 $1,050 $0 $1,050 $7,500 
Irrigation Repairs $5,000 $2,466 $1,000 $3,466 $7,500 
Lake Maintenance $16,006 $12,006 $4,002 $16,008 $16,464 
Repairs & Maintenance $2,500 $2,065 $0 $2,065 $2,500 
Walls, Entry & Monuments $2,500 $0 $625 $625 $2,500 
Contingency $5,000 $1,050 $0 $1,050 $3,850 
Total Operations & Maintenance $308,586 $185,575 $74,354 $259,928 $329,772 
Total Expenditures $427,829 $251,781 $94,821 $346,602 $451,730 
Excess Revenues/(Expenditures) $0 $177,342 ($94,821) $82,521 $0 
$451,730 
$28,834 
$480,564 
Property Type Units Gross Per Unit Total Gross 
50' Lots 273 $1,065.55 $290,895.62 
60' Lots 178 $1,065.55 $189,668.21 
Total 451 $480,563.83 
Fiscal Year 2023 Increase Fiscal Year 2024 Fiscal Year 2024 
Property Type Units Gross Per Unit % Increase Gross Per Unit Gross Per Unit Total Gross 
50' Lots 273 $1,009.17 6% $56 $1,065.55 $290,895.62 
60' Lots 178 $1,009.17 6% $56 $1,065.55 $189,668.21 
Total 451 Gross Assessment $480,563.83 
Net Assessments 
Collection Cost (6%) 
Gross Assessments 
Old Hickory 
Community Development District 
Fiscal Year 2024 
General Fund 
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Old Hickory 
Community Development District 
GENERAL FUND BUDGET 
REVENUES: 
Special Assessments 
The District will levy a non-ad valorem special assessment on all the assessment property within 
the District in order to pay for the operating expenditures during 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. The 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, Hamilton Engineering & Surveying, Inc., will be providing general 
engineering services to the District, e.g. attendance and preparation for monthly board meetings, 
review invoices, preparation and review of contract specifications and bid documents and various 
projects assigned as directed by the Board of Supervisors and the District Manager. 
Attorney 
The District’s legal counsel, Latham, Lune, Eden & Beaudine, LLP, will be providing general legal 
services to the District, e.g. attendance and preparation for monthly meetings, preparation and 
review of agreements, resolutions and other research as directed by the Board of Supervisors and 
the District Manager. 
Arbitrage 
The District will contract with an independent certified public accountant to annually calculate the 
District’s Arbitrage Rebate Liability on the Series 2020 Special Assessment Bonds (2020 Project). 
The District has contracted with AMTEC Corporation for this service. 
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. The District 
has contracted with Governmental Management Services-Central Florida, LLC for this service on 
the Series 2020 Special Assessment Bonds (2020 Project). 
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Old Hickory 
Community Development District 
GENERAL FUND BUDGET 
Annual Audit 
The district is required by Florida Statutes to arrange for an independent audit of its financial records 
on an annual basis. The District has contracted with Grau & Associates for this service. 
Trustee Fees 
The District will pay annual trustee fees for the Series 2020 Special Assessment Bodns (2020 
Project) that are located with a Trustee at USBank. 
Assessment Administration 
The District has contracted with Governmental Management Services-Central Florida, LLC 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 
The District has contracted with Governmental Management Services-Central Florida, LLC for 
costs related to the District’s information systems, which include but are not limited to video 
conferencing services, cloud storage services and servers, positive pay implementation and 
programming for fraud protection, accounting software, Adobe, Microsoft Office, etc. 
Website Maintenance 
The District has contracted with Governmental Management Services-Central Florida, LLC for 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. 
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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Old Hickory 
Community Development District 
GENERAL FUND BUDGET 
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. 
Other Current Charges 
Bank charges and any other miscellaneous expenses incurred during the year. 
Office Supplies 
Miscellaneous office supplies. 
Property Appraiser 
Represents a fee charged by Osceola County Property Appraiser’s office for assessment 
administration services. 
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. 
Operations & Maintenance: 
Field Services 
Provide onsite field management of contracts for the District such as landscape and lake 
maintenance. Services to include onsite inspections, meetings with contractors, attend Board 
meetings and receive and respond to property owner phone calls and emails. 
Property Insurance 
Represents estimated costs for the annual coverage of property insurance. Coverage will be 
provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to 
governmental agencies. 
Electric 
Represents estimated cost of electric services for irrigation meters. District has one account with 
Orlando Utilities Commissions currently. 
Account # Description Monthly Annual 
5770309167 37311 Hickory Grove Road $35 $420 
Contingency (Future Accounts) $1,080 
Total $1,500 
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Old Hickory 
Community Development District 
GENERAL FUND BUDGET 
Streetlights 
Represents estimated cost for streetlight services that will be maintained by the District. The District 
will have three accounts with Orlando Utilities Commissions. 
Account # Description Monthly Annual 
5770309167 Ph 1 & 2 - Qty.140 - 13' Victorian II Lights $4,900 $58,800 
TBD Ph 3 - Qty.51 - 13' Victorian II Lights $2,000 $24,000 
TBD Ph 4 - Qty. 23 - 13' Victorian II Lights $1,150 $13,800 
Contingency $4,830 
Total $101,430 
Water & Sewer 
Represents costs for water services for areas within the District. The District currently has four 
accounts with Toho Water Authority (St. Cloud Utilities). 
Account # Description Monthly Annual 
59098 4000 Block Even Hickory Grove Road $900 $10,800 
59099 4500 Block Odd Holstein Street $115 $1,380 
63023 5200 Block Odd Presrev Boulevard Irr $30 $360 
64268 400 Block Even Hitch Loop Irr $625 $7,500 
Contingency (Future Account) $4,900 
Total $24,940 
Landscape Maintenance 
The District will maintain the landscaping within the common areas of the District after installation 
of landscape material has been completed. The District has contracted with Floralawn 2, LLC for 
this service. 
Description Monthly Annual 
Landscape Maintenance Phases 1 - 2 $6,921 $83,052 
Landscape Maintenance Phases 3 $1,543 $18,516 
Landscape Maintenance Phases 4 (Future Phase) $2,837 $34,044 
$6,781 
Total $142,393 
Landscape Contingency 
Represents estimated costs for any additional landscape expenses not covered under the monthly 
landscape maintenance contract. 
Irrigation Repairs 
Represents estimated costs for any repairs to the irrigation system. 
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Old Hickory 
Community Development District 
GENERAL FUND BUDGET 
Lake Maintenance 
Represents cost for maintenance to 8 ponds located within the District. Services include shoreline 
grass and brush control, floating and submersed vegetation control, additional treatments as 
required, and a monthly report of all waterways treated. The District has contracted with Applied 
Aquatic Management, Inc. for these services. 
Description Monthly Annual 
Lake Maintenance - 8 Ponds 
Tract A $191 $2,292 
Tract I $286 $3,432 
Tract H $95 $1,140 
Tract K $127 $1,524 
Tract P $143 $1,716 
Tract DD $143 $1,716 
Tract EE $286 $3,432 
Tract Q $101 $1,212 
Total $16,464 
Repairs & Maintenance 
Represents general repairs and maintenance costs that are not budgeted under any other budget 
line item for area such as playground and dog park. 
Walls, Entry & Monuments 
Represents estimated costs for repairs and maintenance to the walls, entry and monuments 
maintained by the District. 
Contingency 
Represents any additional field expense that may not have been provided for in the budget. 
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Adopted Actual Projected Total Adopted 
Budget Thru Next 3 Thru Budget 
FY2023 6/30/23 Months 9/30/23 FY2024 
Revenues 
Assessments $356,100 $356,387 $0 $356,387 $356,100 
Interest $75 $12,314 $3,006 $15,320 $7,500 
Carry Forward Surplus $122,564 $129,170 $0 $129,170 $144,553 
Total Revenues $478,739 $497,872 $3,006 $500,878 $508,153 
Expenditures 
Interest - 12/15 $113,363 $113,163 $0 $113,163 $11,538 
Principal - 6/15 $130,000 $130,000 $0 $130,000 $130,000 
Interest - 6/15 $113,363 $113,163 $0 $113,163 $111,538 
Total Expenditures $356,725 $356,325 $0 $356,325 $253,075 
Excess Revenues/(Expenditures) $122,014 $141,547 $3,006 $144,553 $255,078 
Interest - 12/15/24 $ 109,913 
$ 109,913 
$356,101 
$22,730 
$378,831 
Property Type Units Gross Per Unit Total Gross 
50' Lots 273 $839.98 $229,314.54 
60' Lots 178 $839.98 $149,516.44 
Total 451 $378,830.98 
Net Assessments 
Collection Cost (6%) 
Gross Assessments 
Old Hickory 
Community Development District 
Fiscal Year 2024 
Debt Service Fund 
Series 2020 
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Date Balance Principal Interest Annual 
12/15/23 $ 5,860,000 $ - $ 111,537.50 $ 111,537.50 
6/15/24 $ 5,860,000 $ 130,000 $ 111,537.50 $ - 
12/15/24 $ 5,730,000 $ - $ 109,912.50 $ 351,450.00 
6/15/25 $ 5,730,000 $ 135,000 $ 109,912.50 $ - 
12/15/25 $ 5,595,000 $ - $ 108,225.00 $ 353,137.50 
6/15/26 $ 5,595,000 $ 140,000 $ 108,225.00 $ - 
12/15/26 $ 5,455,000 $ - $ 106,125.00 $ 354,350.00 
6/15/27 $ 5,455,000 $ 145,000 $ 106,125.00 $ - 
12/15/27 $ 5,310,000 $ - $ 103,950.00 $ 355,075.00 
6/15/28 $ 5,310,000 $ 145,000 $ 103,950.00 $ - 
12/15/28 $ 5,165,000 $ - $ 101,775.00 $ 350,725.00 
6/15/29 $ 5,165,000 $ 150,000 $ 101,775.00 $ - 
12/15/29 $ 5,015,000 $ - $ 99,525.00 $ 351,300.00 
6/15/30 $ 5,015,000 $ 155,000 $ 99,525.00 $ - 
12/15/30 $ 4,860,000 $ - $ 97,200.00 $ 351,725.00 
6/15/31 $ 4,860,000 $ 160,000 $ 97,200.00 $ - 
12/15/31 $ 4,700,000 $ - $ 94,000.00 $ 351,200.00 
6/15/32 $ 4,700,000 $ 170,000 $ 94,000.00 $ - 
12/15/32 $ 4,530,000 $ - $ 90,600.00 $ 354,600.00 
6/15/33 $ 4,530,000 $ 175,000 $ 90,600.00 $ - 
12/15/33 $ 4,355,000 $ - $ 87,100.00 $ 352,700.00 
6/15/34 $ 4,355,000 $ 185,000 $ 87,100.00 $ - 
12/15/34 $ 4,170,000 $ - $ 83,400.00 $ 355,500.00 
6/15/35 $ 4,170,000 $ 190,000 $ 83,400.00 $ - 
12/15/35 $ 3,980,000 $ - $ 79,600.00 $ 353,000.00 
6/15/36 $ 3,980,000 $ 200,000 $ 79,600.00 $ - 
12/15/36 $ 3,780,000 $ - $ 75,600.00 $ 355,200.00 
6/15/37 $ 3,780,000 $ 205,000 $ 75,600.00 $ - 
12/15/37 $ 3,575,000 $ - $ 71,500.00 $ 352,100.00 
6/15/38 $ 3,575,000 $ 215,000 $ 71,500.00 $ - 
12/15/38 $ 3,360,000 $ - $ 67,200.00 $ 353,700.00 
6/15/39 $ 3,360,000 $ 225,000 $ 67,200.00 $ - 
12/15/39 $ 3,135,000 $ - $ 62,700.00 $ 354,900.00 
6/15/40 $ 3,135,000 $ 230,000 $ 62,700.00 $ - 
12/15/40 $ 2,905,000 $ - $ 58,100.00 $ 350,800.00 
6/15/41 $ 2,905,000 $ 240,000 $ 58,100.00 $ - 
12/15/41 $ 2,665,000 $ - $ 53,300.00 $ 351,400.00 
6/15/42 $ 2,665,000 $ 250,000 $ 53,300.00 $ - 
12/15/42 $ 2,415,000 $ - $ 48,300.00 $ 351,600.00 
6/15/43 $ 2,415,000 $ 260,000 $ 48,300.00 $ - 
12/15/43 $ 2,155,000 $ - $ 43,100.00 $ 351,400.00 
6/15/44 $ 2,155,000 $ 270,000 $ 43,100.00 $ - 
12/15/44 $ 1,885,000 $ - $ 37,700.00 $ 350,800.00 
6/15/45 $ 1,885,000 $ 285,000 $ 37,700.00 $ - 
12/15/45 $ 1,600,000 $ - $ 32,000.00 $ 354,700.00 
6/15/46 $ 1,600,000 $ 295,000 $ 32,000.00 $ - 
12/15/46 $ 1,305,000 $ - $ 26,100.00 $ 353,100.00 
6/15/47 $ 1,305,000 $ 305,000 $ 26,100.00 $ - 
12/15/47 $ 1,000,000 $ - $ 20,000.00 $ 351,100.00 
6/15/48 $ 1,000,000 $ 320,000 $ 20,000.00 $ - 
12/15/48 $ 680,000 $ - $ 13,600.00 $ 353,600.00 
6/15/49 $ 680,000 $ 335,000 $ 13,600.00 $ - 
12/15/49 $ 345,000 $ - $ 6,900.00 $ 355,500.00 
6/15/50 $ 345,000 $ 345,000 $ 6,900.00 $ 351,900.00 
Totals $ 5,860,000 $ 3,778,100.00 $ 9,638,100.00 
(Term Bonds Combined) 
Amortization Schedule 
Old Hickory 
Series 2020, Special Assessment Bonds (2020 Project) 
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