Trout Creek Community Development District
www.troutcreekcdd.org

Approved Proposed Budget for
Fiscal Year 2022/2023

Table of Contents

Page
General Fund Budget for Fiscal Year 2022/2023	1
Debt Service Fund Budget for Fiscal Year 2022/2023	6
Assessments Charts for Fiscal Year 2022/2023	9
General Fund Budget Account Category Descriptions	10
Reserve Fund Budget Account Category Descriptions	15
Debt Service Fund Budget Account Category Descriptions	16

GENERAL FUND BUDGET

	
Chart of Accounts Classification	Actual YTD through 03/31/22	Projected Annual Totals 2021/2022	Annual Budget for 2021/2022	Projected Budget variance for 2021/2022	
Budget for 2022/2023	Budget Increase (Decrease) vs 2021/2022	
Comments	
									
1	REVENUES								
2									
3	Special Assessments								
4	Tax Roll*	$ 1,168,864	$  1,192,072	$  1,192,072	$	-	$	2,180,313	$	988,241	Tax Roll & Off Roll will be certified at
Public Hearing	
5	Off Roll*	$  410,747	$	517,365	$	517,365	$	-	$	40,432	$  (476,933)		

6	Contributions & Donations from Private
Sources								
7	HOA Capital Transfer	$	54,950	$	102,900	$	102,900	$	-	$	168,350	$	65,450		
8	Other Miscellaneous Revenues								
9	User Fees	$	16,519	$	33,038	$	39,371	$	(6,333)	$	41,340	$	1,969		
10	Event Income,	$	738	$	1,476	$	699	$	777	$	706	$	7		
11	Café Income	$	5,030	$	10,060	$	22,700	$	(12,640)	$	24,970	$	2,270		
12									
13	TOTAL REVENUES	$ 1,656,848	$  1,856,911	$  1,875,107	$	(18,196)	$	2,456,111	$	581,004		
14									
15	Balance Forward from Prior Year	$	-	$	-	$	-	$	-	$	-	$	-		
16									

17	TOTAL REVENUES AND BALANCE
FORWARD	
$ 1,656,848	
$  1,856,911	
$  1,875,107	
$	(18,196)	
$	2,456,111	
$	581,004		
18									
19	*Allocation of assessments between the Tax Roll and Off Roll are estimates only and subject to change prior to certification.		
20									
21	EXPENDITURES - ADMINISTRATIVE								
22									
23	Legislative								
24	Supervisor Fees	$	2,000	$	7,200	$	9,600	$	2,400	$	12,000	$	2,400	Based on 12 Meetings	
25	Financial & Administrative								
26	Administrative Services	$	2,474	$	4,947	$	4,947	$	-	$	5,145	$	198		
27	District Management	$	9,928	$	19,856	$	19,856	$	-	$	20,651	$	795		

28	
District Engineer	
$	5,760	
$	10,000	
$	5,000	
$	(5,000)	
$	10,000	
$	5,000	Based on Build Out Est. and Previous Years Trend Report	
29	Disclosure Report	$	7,000	$	10,000	$	10,000	$	-	$	8,000	$	(2,000)	Reflects 4 Bonds	
30	Trustees Fees	$	12,833	$	14,333	$	11,000	$	(3,333)	$	19,000	$	8,000	Reflects 4 Bonds	
31	Assessment Roll	$	5,355	$	5,355	$	5,355	$	-	$	5,569	$	214		
32	Financial & Revenue Collections	$	2,550	$	5,100	$	5,100	$	-	$	5,304	$	204		
33	Accounting Services	$	9,928	$	19,856	$	19,856	$	-	$	20,651	$	795		
34	Auditing Services	$	-	$	4,000	$	4,000	$	-	$	4,000	$	-		
35	Arbitrage Rebate Calculation	$	900	$	1,800	$	1,350	$	(450)	$	1,800	$	450	Reflects 4 Bonds	
36	Public Officials Liability Insurance	$	1,181	$	1,978	$	2,100	$	122	$	2,550	$	450	Based on Est.	
37	Legal Advertising	$	712	$	2,200	$	2,200	$	-	$	2,200	$	-		
38	Dues, Licenses & Fees	$	175	$	175	$	175	$	-	$	175	$	-		

39	
Miscellaneous Fees	
$	929	
$	1,200	
$	500	
$	(700)	
$	1,200	
$	700	FY 21/22 Includes Facility Usage Fee for Budget Meetings	

40	ADA Website Hosting, Maintenance, Backup (and Email)	
$	3,560	
$	7,120	
$	7,120	
$	-	
$	7,120	
$	-		
41	Legal Counsel								
42	District Counsel	$	12,001	$	25,000	$	25,000	$	-	$	25,000	$	-		
43									
44	Administrative Subtotal	$	77,286	$	140,120	$	133,159	$	(6,961)	$	150,365	$	17,206		
45									

46	
EXPENDITURES - FIELD OPERATIONS								
47									
48	Law Enforcement								

49	

Off -Duty Deputy	

$	4,560	

$	12,000	

$	12,000	

$	-	

$	65,000	

$	53,000	FY 21/22 Reflects Expenses for Off- Duty Sherriff. FY 22/23 Reflects Potential Security Agreement	
50	Electric Utility Services								
51	Utility Services Meters	$	3,489	$	6,978	$	10,000	$	3,022	$	10,000	$	-		
52	Utility - Recreation Facilities	$	26,518	$	53,036	$	61,814	$	8,778	$	57,500	$	(4,314)		
53	Street Lights	$	13,746	$	27,492	$	40,000	$	12,508	$	30,000	$	(10,000)		
54	Gas Utility Services								
55	Utility Services	$	373	$	746	$	1,500	$	754	$	1,500	$	-		
56	Garbage/Solid Waste Control Services								

	
Chart of Accounts Classification	Actual YTD through 03/31/22	Projected Annual Totals 2021/2022	Annual Budget for 2021/2022	Projected Budget variance for 2021/2022	
Budget for 2022/2023	Budget Increase (Decrease) vs 2021/2022	
Comments	

57	

Garbage - Recreation Facility	

$	2,453	

$	4,906	

$	3,170	

$	(1,736)	

$	6,500	

$	3,330	FY 21/22 projected to be over budget with the addition of the Kayak Outpost/Launch and upcoming summer amenity usage. FY 22/23 reflects this with vendor fee / gas increases.	
58	Water-Sewer Combination Services								

59	

Utility Services - Recreational Facilities	

$	7,866	

$	17,500	

$	15,225	

$	(2,275)	

$	18,375	

$	3,150	FY 21/22 projected to be over budget. FY 22/23 reflects this with a 5% est. increase.	
60	Utility - Reclaimed	$  128,964	$	286,822	$	286,822	$	-	$	350,000	$	63,178		
61	Stormwater Control								

62	

Aquatic Maintenance	

$	10,566	

$	25,000	

$	25,000	

$	-	

$	35,000	

$	10,000	Based on Build Out Est. Developer continues to add ponds as development continues.	

63	
Stormwater Assessment	
$	-	
$	14,500	
$	2,000	
$	(12,500)	
$	4,000	
$	2,000	FY 21/22 Reflects the Stormwater Analysis	

64	
Stormwater System Maintenance	
$	-	
$	7,888	
$	7,888	
$	-	
$	7,888	
$	-	FY 21/22 Anticipate items to repair from Stormwater Analysis	
65	Other Physical Environment								

66	
General Liability & Property Insurance	
$	30,581	
$	49,597	
$	55,000	
$	5,403	
$	69,300	
$	14,300	
Based on Est.	
67	Entry & Walls Maintenance	$	400	$	4,500	$	4,500	$	-	$	4,500	$	-		
68	Landscape & Irrigation Maintenance	$  188,167	$	380,159	$	423,554	$	43,395	$	500,000	$	76,446		
69	Common Area Pine straw Mulch	$	16,219	$	85,789	$	85,789	$	-	$	101,404	$	15,615	Based on Build Out Est.	

70	

Irrigation Repairs	

$	11,436	

$	13,403	

$	6,200	

$	(7,203)	

$	8,928	

$	2,728	FY 21/22 Projected to be Over Budget. FY 22/23 Based on Build Out Est.	

71	Landscape Replacement Plants, Shrubs, Trees	
$	14,368	
$	23,644	
$	23,644	
$	-	
$	33,720	
$	10,076	
Based on Build Out Est.	
72	Holiday Decorations	$	7,406	$	7,406	$	12,363	$	4,957	$	12,737	$	374		

73	
Miscellaneous Expense	
$	20,662	
$	22,500	
$	3,484	
$	(19,016)	
$	3,484	
$	-	FY 21/22 Reflects Sign Replacements and Re-striping.	
74	Road & Street Facilities								

75	Amenity Lighting Repairs (Parking Lot & Decorative)	
$	3,100	
$	4,000	
$	4,000	
$	-	
$	4,000	
$	-		

76	Street Light Decorative Light
Maintenance	
$	-	
$	12,000	
$	12,000	
$	-	
$	12,000	
$	-		
77	Parks & Recreation				$	-				
78	Amenity Management Contract	$	5,250	$	9,000	$	9,000	$	-	$	9,000	$	-		
79	Lifeguards Contract	$	-	$	115,068	$	115,068	$	-	$	123,652	$	8,584	Based on Vesta's Agreement	
80	Amenity Staffing Contract	$	14,119	$	145,228	$	145,228	$	-	$	300,000	$	154,772	Reflects CCMC's Recommendation	
81	Mileage	$	-	$	167	$	167	$	-	$	172	$	5	Based on Build Out Est.	
82	Postage	$	31	$	1,242	$	1,242	$	-	$	1,000	$	(242)		
83	Licenses, Fees & Permits	$	3,335	$	10,331	$	10,331	$	-	$	11,462	$	1,131	Based on Build Out Est.	

84	Fitness Equipment Maintenance and Repairs	
$	2,480	
$	15,000	
$	15,000	
$	-	
$	15,000	
$	-		

85	
Fitness Equipment Contract	
$	1,147	
$	3,000	
$	3,000	
$	-	
$	3,000	
$	-	FY 21/22 Reflects Increase Fitness Equipment Repairs. FY 22/23	

86	
Pool Maintenance Contract	
$	20,591	
$	59,977	
$	59,977	
$	-	
$	59,977	
$	-	Account Name Revised to Reflect Pool Maintenance Contract	

87	

Amenity Maintenance & Repairs	

$	42,507	

$	66,507	

$	48,000	

$	(18,507)	

$	53,240	

$	5,240	FY 21/22 Projected to be over budget. Repairs include HVAC, Pool Equipment and Power washing of Amenity Buildings. FY 22/23 Based on Build Out Est.	

88	
Cable Television, Phone, Internet & Tech Support	

$	11,462	

$	22,924	

$	15,000	

$	(7,924)	

$	20,000	

$	5,000	FY 21/22 Projected to be over budget. Reflects Cable/ Wire Installation & Tech Support.	

89	Amenity Janitorial Services Contract & Window Cleaning	
$	18,432	
$	45,166	
$	35,064	
$	(10,102)	
$	55,368	
$	20,304	Reflects Jani-King Agreement with Annual Window Cleaning	

90	

Pool Maintenance & Chemical Contract	

$	15,553	

$	31,106	

$	30,000	

$	(1,106)	

$	36,000	

$	6,000	Reflects Poolsure & Vak Pak' s Agreement with Anticipated Increase in Pool Chemical Costs	
91	Pest Control & Termite Bond	$	1,903	$	2,641	$	3,000	$	359	$	3,000	$	-		

92	
Animal Control Systems	
$	715	
$	2,959	
$	1,400	
$	(1,559)	
$	3,000	
$	1,600	Reflects Snake, Rodent and Fire Ant Agreements	
93	Maintenance	$	295	$	1,500	$	1,500	$	-	$	1,662	$	162		

	
Chart of Accounts Classification	Actual YTD through 03/31/22	Projected Annual Totals 2021/2022	Annual Budget for 2021/2022	Projected Budget variance for 2021/2022	
Budget for 2022/2023	Budget Increase (Decrease) vs 2021/2022	
Comments	

94	

Access Control Maintenance & Repair	

$	4,006	

$	6,802	

$	4,000	

$	(2,802)	

$	5,000	

$	1,000	FY 21/22 projected to be over budget. Increase in repair and access card purchases.	
95	Uniforms	$	49	$	1,200	$	2,081	$	881	$	2,081	$	-		
96	General & Office Supplies	$	11,225	$	18,385	$	18,385	$	-	$	18,661	$	276	Based on Build Out Est.	

97	
Tennis Court Maintenance & Supplies	
$	7,000	
$	9,000	
$	5,500	
$	(3,500)	
$	5,500	
$	-	FY 21/22 Includes Resurfacing 1 Court.	
98	Café Materials	$	8,656	$	19,000	$	19,000	$	-	$	20,885	$	1,885	Based on Build Out Est.	
99	Dog Waste Station Supplies	$	250	$	1,052	$	1,052	$	-	$	2,000	$	948	Based on Build Out Est.	

100	

Community Gardens Maintenance & Supplies	

$	-	

$	2,500	

$	2,500	

$	-	

$	18,700	

$	16,200	Reflects the Convivial Foodscapes Community Garden Proposal
$13,200 with NTE $5,500 travel
expenses	
101	Special Events								
102	Special Events	$	36,536	$	60,500	$	60,500	$	-	$	66,550	$	6,050	Based on Build Out Est.	
103	Facility Classes	$	-	$	-	$	5,000	$	5,000	$	-	$	(5,000)	Moved to Line 89	
104	Contingency								
105	Contingency	$	-	$	-	$	-	$	-	$	35,000	$	35,000		
106	Capital Improvements	$	13,503	$	35,000	$	35,000	$	-	$	100,000	$	65,000		

107	

Capital Reserves	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	Board established separate Reserve Account. Moved to Reserve Fund Budget	
108									
109	Field Operations Subtotal	$  709,919	$  1,745,121	$  1,741,948	$	(3,173)	$	2,305,746	$	563,798		
110									
111									
112	TOTAL EXPENDITURES	$  787,205	$  1,885,241	$  1,875,107	$	(10,134)	$	2,456,111	$	581,004		
113									

114	EXCESS OF REVENUES OVER
EXPENDITURES	
$  869,643	
$	(28,330)	
$	-	
$	(28,330)	
$	-	
$	-		

Proposed Budget
	Trout Creek Community Development District	 Reserve Fund
Fiscal Year 2022/2023

Chart of Accounts Classification	
Actual YTD through 03/31/22	Projected Annual Totals 2021/2022	
Annual Budget for 2021/2022	Projected Budget variance for 2021/2022	
Budget for 2022/2023	Budget Increase (Decrease) vs 2021/2022	

Comments	
1									
2	REVENUES								
3									
4	Special Assessments								
5	Tax Roll*	$  289,600	$  289,600	$  289,600	$	-	$  295,392	$	5,792		
6	Off Roll*	$	-	$	-	$	-	$	-	$	-	$	-		
12									
13	TOTAL REVENUES	$  289,600	$  289,600	$  289,600	$	-	$  295,392	$	5,792		
14									
19	*Allocation of assessments between the Tax Roll and Off Roll are estimates only and subject to change prior to certification.		
20									
21	EXPENDITURES								
22									
23	Contingency								
24	Capital Outlay	$	17,285	$	55,000	$  289,600	$  234,600	$  295,392	$	5,792		
26									
27	TOTAL EXPENDITURES	$	17,285	$	55,000	$  289,600	$  234,600	$  295,392	$	5,792		
28									
29	EXCESS OF REVENUES OVER EXPENDITURES	$  272,315	$  234,600	$	-	$  234,600	$	-	$	-		
30									

Chart of Accounts Classification	Series 2015	Series 2018	Series 2020	Series 2022	Budget for 2022/2023	
						
REVENUES						
Special Assessments						
Net Special Assessments	$1,396,873.03	$818,571.26	$240,143.90	$213,419.54	$2,669,007.73	
						
TOTAL REVENUES	$1,396,873.03	$818,571.26	$240,143.90	$213,419.54	$2,669,007.73	

EXPENDITURES						
Administrative						
Debt Service Obligation	$1,396,873.03	$818,571.26	$240,143.90	$213,419.54	$2,669,007.73	
Administrative Subtotal	$1,396,873.03	$818,571.26	$240,143.90	$213,419.54	$2,669,007.73	
						
TOTAL EXPENDITURES	$1,396,873.03	$818,571.26	$240,143.90	$213,419.54	$2,669,007.73	
						
EXCESS OF REVENUES OVER EXPENDITURES	$0.00	$0.00	$0.00	$0.00	$0.00	

Collection Cost (2%) and Discount (4%) applicable to the county:

Gross assessments	6.0%

$2,836,955.50	

Notes:

1. Tax Roll Collection Costs (2%) for St. Johns County (4%) is a total 6% of Tax Roll. Budgeted net of tax roll assessments. See Assessment Table.	

Debt Service

Trout Creek Community Development District 

FISCAL YEAR 2022/2023 O&M & DEBT SERVICE ASSESSMENT SCHEDULE

2022/2023 O&M Budget		$2,516,137.00	
St. Johns County Collection Cost @	2%	$53,534.83	
Early Payment Discount @	4%	$107,069.66	
2022/2023 Total		$2,676,741.49	

2021/2022 O&M Budget	$1,999,037.00		
2022/2023 O&M Budget	$2,516,137.00		
Total Difference	
$517,100.00		

PER UNIT ANNUAL ASSESSMENT	
Proposed Increase / Decrease	

	2021/2022	2022/2023	$	%	
PLATTED					

Series 2015 Debt Service - Townhome	
$879.50	
$879.50	
$0.00	
0.00%	
Operations/Maintenance - Townhome	$1,061.33	$1,241.74	$180.41	17.00%	
Total	$1,940.83	$2,121.24	$180.41	9.30%	

Series 2015 Debt Service - SF 40'	
$979.50	
$979.50	
$0.00	
0.00%	
Operations/Maintenance - SF 40'	$1,088.71	$1,278.25	$189.54	17.41%	
Total	$2,068.21	$2,257.75	$189.54	9.16%	

Series 2015 Debt Service - SF 50'	
$1,079.50	
$1,079.50	
$0.00	
0.00%	
Operations/Maintenance - SF 50'	$1,106.96	$1,302.59	$195.63	17.67%	
Total	$2,186.46	$2,382.09	$195.63	8.95%	

Series 2015 Debt Service - SF 60'	
$1,179.50	
$1,179.50	
$0.00	
0.00%	
Operations/Maintenance - SF 60'	$1,125.22	$1,326.92	$201.70	17.93%	
Total	$2,304.72	$2,506.42	$201.70	8.75%	

Series 2015 Debt Service - SF 70'	
$1,279.50	
$1,279.50	
$0.00	
0.00%	
Operations/Maintenance - SF 70'	$1,143.47	$1,351.26	$207.79	18.17%	
Total	$2,422.97	$2,630.76	$207.79	8.58%	

Series 2015 Debt Service - SF 80'	
$1,379.50	
$1,379.50	
$0.00	
0.00%	
Operations/Maintenance - SF 80'	$1,161.72	$1,375.60	$213.88	18.41%	
Total	$2,541.22	$2,755.10	$213.88	8.42%	

Series 2018 Debt Service - Townhomes	
$879.50	
$879.50	
$0.00	
0.00%	
Operations/Maintenance - Townhomes	$1,061.33	$1,241.74	$180.41	17.00%	
Total	$1,940.83	$2,121.24	$180.41	9.30%	

Assessment Worksheet

Trout Creek Community Development District 

FISCAL YEAR 2022/2023 O&M & DEBT SERVICE ASSESSMENT SCHEDULE

2022/2023 O&M Budget		$2,516,137.00	
St. Johns County Collection Cost @	2%	$53,534.83	
Early Payment Discount @	4%	$107,069.66	
2022/2023 Total		$2,676,741.49	

2021/2022 O&M Budget	$1,999,037.00		
2022/2023 O&M Budget	$2,516,137.00		
Total Difference	
$517,100.00		

PER UNIT ANNUAL ASSESSMENT	
Proposed Increase / Decrease	

	2021/2022	2022/2023	$	%	
Series 2018 Debt Service - SF 40'	$979.50	$979.50	$0.00	0.00%	
Operations/Maintenance - SF 40'	$1,088.71	$1,278.25	$189.54	17.41%	
Total	$2,068.21	$2,257.75	$189.54	9.16%	

Series 2018 Debt Service - SF 50'	
$1,079.50	
$1,079.50	
$0.00	
0.00%	
Operations/Maintenance - SF 50'	$1,106.96	$1,302.59	$195.63	17.67%	
Total	$2,186.46	$2,382.09	$195.63	8.95%	

Series 2018 Debt Service - SF 60'	
$1,179.50	
$1,179.50	
$0.00	
0.00%	
Operations/Maintenance - SF 60'	$1,125.22	$1,326.92	$201.70	17.93%	
Total	$2,304.72	$2,506.42	$201.70	8.75%	

Series 2018 Debt Service - SF 70'	
$1,279.50	
$1,279.50	
$0.00	
0.00%	
Operations/Maintenance - SF 70'	$1,143.47	$1,351.26	$207.79	18.17%	
Total	$2,422.97	$2,630.76	$207.79	8.58%	

UNPLATTED					

Series 2018 Debt Service - SF 40'	
$979.50	
$979.50	
$0.00	
0.00%	
Operations/Maintenance - SF 40'	$52.98	$57.58	$4.60	8.68%	
Total	$1,032.48	$1,037.08	$4.60	0.45%	

Series 2018 Debt Service - SF 50'	
$1,079.50	
$1,079.50	
$0.00	
0.00%	
Operations/Maintenance - SF 50'	$52.98	$57.58	$4.60	8.68%	
Total	$1,132.48	$1,137.08	$4.60	0.41%	

Series 2018 Debt Service - SF 60'	
$1,179.50	
$1,179.50	
$0.00	
0.00%	
Operations/Maintenance - SF 60'	$52.98	$57.58	$4.60	8.68%	
Total	$1,232.48	$1,237.08	$4.60	0.37%	

Assessment Worksheet

Trout Creek Community Development District 

FISCAL YEAR 2022/2023 O&M & DEBT SERVICE ASSESSMENT SCHEDULE

2022/2023 O&M Budget		$2,516,137.00	
St. Johns County Collection Cost @	2%	$53,534.83	
Early Payment Discount @	4%	$107,069.66	
2022/2023 Total		$2,676,741.49	

2021/2022 O&M Budget	$1,999,037.00		
2022/2023 O&M Budget	$2,516,137.00		
Total Difference	
$517,100.00		

PER UNIT ANNUAL ASSESSMENT	
Proposed Increase / Decrease	

2021/2022	2022/2023	$	%	
Series 2020 Debt Service - Townhomes	$879.50	$879.50	$0.00	0.00%	
Operations/Maintenance - Townhomes	$52.98	$57.58	$4.60	8.68%	
Total	$932.48	$937.08	$4.60	0.49%	

Series 2020 Debt Service - SF 40'	
$979.50	
$979.50	
$0.00	
0.00%	
Operations/Maintenance - SF 40'	$52.98	$57.58	$4.60	8.68%	
Total	$1,032.48	$1,037.08	$4.60	0.45%	

Series 2022 Debt Service - Townhome (1)	N/A	$879.50	N/A	N/A	
Operations/Maintenance - Townhome	$52.98	$57.58	$4.60	8.68%	
Total	$52.98	$937.08	$884.10	1668.74%	

Series 2022 Debt Service - SF 50' (1)	
N/A	
$1,079.50	
N/A	
N/A	
Operations/Maintenance - SF 50'	$52.98	$57.58	$4.60	8.68%	
Total	$52.98	$1,137.08	$1,084.10	2046.24%	

(1)  FY 2022-2023 will be the first year Series 2022 assessments are levied.

Assessment Worksheet

9
TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT

FISCAL YEAR 2022/2023 O&M & DEBT SERVICE ASSESSMENT SCHEDULE
.

TOTAL O&M BUDGET		$2,516,137.00	
COLLECTION COSTS @	2%	$53,534.83	
EARLY PAYMENT DISCOUNT @	4%	  $107,069.66 	
TOTAL O&M ASSESSMENT		  $2,676,741.49 	

  $159,962.77  	 $2,281,472.34 	 $235,306.38 

PLATTED		UNITS ASSESSED		ALLOCATION OF EQUALIZED ADMIN COSTS	ALLOCATION OF EQUALIZED FIELD COSTS

ALLOCATION OF STRATIFIED FIELD COSTS

PER LOT ANNUAL ASSESSMENT

LOT SIZE	O&M		DEBT SERVICE SERIES 2015 (1) (2)

DEBT SERVICE SERIES 2018 (2)

DEBT SERVICE SERIES 2020 (2)

DEBT SERVICE	EAU FACTOR	TOTAL EAU's  % TOTAL EAU's TOTAL BUDGET SERIES 2022 (2)

PER UNIT	EAU FACTOR	TOTAL EAU's  % TOTAL EAU's TOTAL BUDGET ASSESSMENT

PER UNIT ASSESSMENT

EAU FACTOR	TOTAL EAU's  % TOTAL EAU's TOTAL BUDGET

PER UNIT ASSESSMENT

TOTAL O&M

2015 DEBT 

Townhomes	243	242	0	0	0	1.00	243.00	8.75%	$13,992.42	$57.58	1.00	243.00	11.96%	$272,967.89	$1,123.32	0.50	121.50	6.28%	$14,784.99	$60.84	$1,241.74	$879.50		$0.00		$0.00		$0.00		$2,121.24	
Single Family 40'	288	283	0	0	0	1.00	288.00	10.37%	$16,583.61	$57.58	1.00	288.00	14.18%	$323,517.50	$1,123.32	0.80	230.40	11.91%	$28,036.71	$97.35	$1,278.25	$979.50		$0.00		$0.00		$0.00		$2,257.75	
Single Family 50'	410	397	0	0	0	1.00	410.00	14.76%	$23,608.62	$57.58	1.00	410.00	20.19%	$460,563.10	$1,123.32	1.00	410.00	21.20%	$49,891.72	$121.69	$1,302.59	$1,079.50		$0.00		$0.00		$0.00		$2,382.09	
Single Family 60'	231	226	0	0	0	1.00	231.00	8.32%	$13,301.44	$57.58	1.00	231.00	11.37%	$259,487.99	$1,123.32	1.20	277.20	14.34%	$33,731.67	$146.02	$1,326.92	$1,179.50		$0.00		$0.00		$0.00		$2,506.42	
Single Family 70'	185	163	0	0	0	1.00	185.00	6.66%	$10,652.67	$57.58	1.00	185.00	9.11%	$207,815.06	$1,123.32	1.40	259.00	13.39%	$31,516.96	$170.36	$1,351.26	$1,279.50		$0.00		$0.00		$0.00		$2,630.76	
Single Family 80'	69	66	0	0	0	1.00	69.00	2.48%	$3,973.16	$57.58	1.00	69.00	3.40%	$77,509.40	$1,123.32	1.60	110.40	5.71%	$13,434.26	$194.70	$1,375.60	$1,379.50		$0.00		$0.00		$0.00		$2,755.10	

Townhomes	
190	
0	
190	
0	
0	
1.00	
190.00	
6.84%	
$10,940.58	
$57.58	
1.00	
190.00	
9.35%	
$213,431.68	
$1,123.32	
0.50	
95.00	
4.91%	
$11,560.28	
$60.84	
$1,241.74	
$0.00		
$879.50		
$0.00		
$0.00		
$2,121.24	
Single Family 40'	162	0	162	0	0	1.00	162.00	5.83%	$9,328.28	$57.58	1.00	162.00	7.98%	$181,978.59	$1,123.32	0.80	129.60	6.70%	$15,770.65	$97.35	$1,278.25	$0.00		$979.50		$0.00		$0.00		$2,257.75	
Single Family 50'	72	0	72	0	0	1.00	72.00	2.59%	$4,145.90	$57.58	1.00	72.00	3.55%	$80,879.37	$1,123.32	1.00	72.00	3.72%	$8,761.47	$121.69	$1,302.59	$0.00		$1,079.50		$0.00		$0.00		$2,382.09	
Single Family 60'	124	0	124	0	0	1.00	124.00	4.46%	$7,140.17	$57.58	1.00	124.00	6.11%	$139,292.26	$1,123.32	1.20	148.80	7.70%	$18,107.04	$146.02	$1,326.92	$0.00		$1,179.50		$0.00		$0.00		$2,506.42	
Single Family 70'	57	0	57	0	0	1.00	57.00	2.05%	$3,282.17	$57.58	1.00	57.00	2.81%	$64,029.50	$1,123.32	1.40	79.80	4.13%	$9,710.63	$170.36	$1,351.26	$0.00		$1,279.50		$0.00		$0.00		$2,630.76	
TOTAL	2031	1377	605	0	0		2031.00	73%	$116,949.02			2031.00	100%	$2,281,472.34			1933.70	100%	$235,306.38												

UNPLATTED		UNITS ASSESSED		ALLOCATION OF EQUALIZED ADMIN COSTS	ALLOCATION OF EQUALIZED FIELD COSTS	ALLOCATION OF STRATIFIED FIELD COSTS	

PER LOT ANNUAL ASSESSMENT	
		DEBT SERVICE	DEBT SERVICE	DEBT SERVICE	DEBT SERVICE					PER UNIT					PER UNIT					PER UNIT	
LOT SIZE	O&M	SERIES 2015 (2)	SERIES 2018 (2)	SERIES 2020 (2)	SERIES 2022 (2)	EAU FACTOR	TOTAL EAU's	% TOTAL EAU's	TOTAL BUDGET	ASSESSMENT	EAU FACTOR	TOTAL EAU's	% TOTAL EAU's	TOTAL BUDGET	ASSESSMENT	EAU FACTOR	TOTAL EAU's	% TOTAL EAU's	TOTAL BUDGET	ASSESSMENT	

Single Family 40'	
109	
0	
109	
0	
0	
1.00	
109.00	
3.92%	
$6,276.44	
$57.58	
1.00	
0.00	
0.00%	
$0.00	
$0.00	
0.80	
0.00	
0.00%	
$0.00	
$0.00	
Single Family 50'	80	0	80	0	0	1.00	80.00	2.88%	$4,606.56	$57.58	1.00	0.00	0.00%	$0.00	$0.00	1.00	0.00	0.00%	$0.00	$0.00	
Single Family 60'	46	0	46	0	0	1.00	46.00	1.66%	$2,648.77	$57.58	1.00	0.00	0.00%	$0.00	$0.00	1.00	0.00	0.00%	$0.00	$0.00	

Townhomes	
288	
0	
0	
288	
0	
1.00	
288.00	
10.37%	
$16,583.61	
$57.58	
1.00	
0.00	
0.00%	
$0.00	
$0.00	
0.50	
0.00	
0.00%	
$0.00	
$0.00	
Single Family 40'	2	0	0	2	0	1.00	2.00	0.07%	$115.16	$57.58	1.00	0.00	0.00%	$0.00	$0.00	0.80	0.00	0.00%	$0.00	$0.00	

Townhomes	
64	
0	
0	
0	
64	
1.00	
64.00	
2.30%	
$3,685.25	
$57.58	
1.00	
0.00	
0.00%	
$0.00	
$0.00	
0.50	
0.00	
0.00%	
$0.00	
$0.00	
Single Family 50'	158	0	0	0	158	1.00	158.00	5.69%	$9,097.95	$57.58	1.00	0.00	0.00%	$0.00	$0.00	0.80	0.00	0.00%	$0.00	$0.00	
TOTAL	747	0	235	290	222		747.00	27%	$43,013.75			0.00	0%	$0.00			0.00	0%	$0.00		
																					
TOTAL COMMUNITY	2778	1377	840	290	222		2778.00	100%	$159,962.77			2031.00	100%	$2,281,472.34			1933.70	100.00%	$235,306.38		

SERVICE (2)

DEBT SERVICE DEBT SERVICE DEBT SERVICE SERIES 2018 (2) SERIES 2020 (2) SERIES 2022 (2)

TOTAL (3)

 			

TOTAL O&M	2015 DEBT 
SERVICE (2)	DEBT SERVICE DEBT SERVICE
SERIES 2018 (2) SERIES 2020 (2)	

$57.58
$57.58
$57.58	

$0.00
$0.00
$0.00		

$979.50
$1,079.50
$1,179.50		

$0.00
$0.00
$0.00	

$57.58
$57.58	
$0.00
$0.00		
$0.00
$0.00		
$879.50
$979.50	

$57.58
$57.58	
$0.00
$0.00		
$0.00
$0.00		
$0.00
$0.00	

DEBT SERVICE
SERIES 2022 (2)		
TOTAL (3)	

$0.00
$0.00
$0.00		

$1,037.08
$1,137.08
$1,237.08	

$0.00
$0.00		
$57.58
$57.58	

$879.50
$1,079.50		
$57.58
$57.58	

LESS: St. John's County Collection Costs (2%) and Early Payment Discounts (4%):	($9,597.77)	($136,888.34)

Net Revenue to be Collected	 $150,365.00 	 $2,144,584.00 

($14,118.38)

  $221,188.00 

(1) Reflects forty-nine (49) Series 2015 Prepayments.

(2) Reflects the number of total lots with Series 2015, Series 2018, Series 2020 and Series 2022 debt outstanding.

(3) Annual debt service assessment per lot adopted in connection with the Series 2015, Series 2018, Series 2020, and Series 2022 bond issues. Annual assessment includes principal, interest, St. John's County collection costs and early payment discount costs.

(4) Annual assessment that will appear on November 2022 St. John's County property tax bill. Amount shown includes all applicable collection costs. Property owner is eligible for a discount of up to 4% if paid early.

ACCOUNT CATEGORY DESCRIPTION

The General Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all General Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Interest Earnings: The District may earn interest on its monies in the various operating accounts.

Tax Roll: The District levies Non-Ad Valorem Special Assessments on all of the assessable property within the District to pay for operating expenditures incurred during the Fiscal Year. The assessments may be collected in two ways. The first is by placing them on the County’s Tax Roll, to be collected with the County’s Annual Property Tax Billing. This method is only available to land properly platted within the time limits prescribed by the County.

Off Roll: For lands not on the tax roll and that is by way of a direct bill from the District to the appropriate property owner.

Developer Contributions: The District may enter into a funding agreement and receive certain prescribed dollars from the Developer to off-set expenditures of the District.

Event Rental: The District may receive monies for event rentals for such things as weddings, birthday parties, etc.

Miscellaneous Revenues: The District may receive monies for the sale or provision of electronic access cards, entry decals etc.

Facilities Rentals: The District may receive monies for the rental of certain facilities by outside sources, for such items as office space, snack bar/restaurants etc.

EXPENDITURES – ADMINISTRATIVE:

Supervisor Fees: The District may compensate its supervisors within the appropriate statutory limits of
$200.00 maximum per meeting within an annual cap of $4,800.00 per supervisor.

Administrative Services: The District will incur expenditures for the day to today operation of District matters. These services include support for the District Management function, recording and preparation of meeting minutes, records retention and maintenance in accordance with Chapter 119, Florida Statutes, and

the District’s adopted Rules of Procedure, preparation and delivery of agenda, overnight deliveries, facsimiles and phone calls.

District Management: The District as required by statute, will contract with a firm to provide for management and administration of the District’s day to day needs. These service include the conducting of board meetings, workshops, overall administration of District functions, all required state and local filings, preparation of annual budget, purchasing, risk management, preparing various resolutions and all other secretarial duties requested by the District throughout the year is also reflected in this amount.

District Engineer: The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of construction invoices and all other engineering services requested by the district throughout the year.

Disclosure Report: The District is required to file quarterly and annual disclosure reports, as required in the District’s Trust Indenture, with the specified repositories. This is contracted out to a third party in compliance with the Trust Indenture.

Trustee’s Fees: The District will incur annual trustee’s fees upon the issuance of bonds for the oversight of the various accounts relating to the bond issues.

Assessment Roll: The District will contract with a firm to prepare, maintain and certify the assessment roll(s) and annually levy a non-ad valorem assessment for operating and debt service expenses.

Financial & Revenue Collections: Services of the Collection Agent include all functions necessary for the timely billing and collection and reporting of District assessments in order to ensure adequate funds to meet the District’s debt service and operations and maintenance obligations. The Collection Agent also maintains and updates the District’s lien book(s) annually and provides for the release of liens on property after the full collection of bond debt levied on particular properties.

Accounting Services: Services include the preparation and delivery of the District’s financial statements in accordance with Governmental Accounting Standards, accounts payable and accounts receivable functions, asset tracking, investment tracking, capital program administration and requisition processing, filing of annual reports required by the State of Florida and monitoring of trust account activity.

Auditing Services: The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting firm, once it reaches certain revenue and expenditure levels, or has issued bonds and incurred debt.

Arbitrage Rebate Calculation: The District is required to calculate the interest earned from bond proceeds each year pursuant to the Internal Revenue Code of 1986. The Rebate Analyst is required to verify that the District has not received earnings higher than the yield of the bonds.

Travel: Each Board Supervisor and the District Staff are entitled to reimbursement for travel expenses per Florida Statutes 190.006(8).

Public Officials Liability Insurance: The District will incur expenditures for public officials’ liability insurance for the Board and Staff.

Legal Advertising: The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to meeting schedules, special meeting notices, and public hearings, bidding etc. for the District based on statutory guidelines

Bank Fees: The District will incur bank service charges during the year.

Dues, Licenses & Fees: The District is required to pay an annual fee to the Department of Economic Opportunity, along with other items which may require licenses or permits, etc.

Miscellaneous Fees: The District could incur miscellaneous throughout the year, which may not fit into any standard categories.

Website Hosting, Maintenance and Email: The District may incur fees as they relate to the development and ongoing maintenance of its own website along with possible email services if requested.

District Counsel: The District’s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts and all other legal services requested by the district throughout the year.

EXPENDITURES - FIELD OPERATIONS:

Deputy Services: The District may wish to contract with the local police agency to provide security for the District.

Security Services and Patrols: The District may wish to contract with a private company to provide security for the District.

Electric Utility Services: The District will incur electric utility expenditures for general purposes such as irrigation timers, lift station pumps, fountains, etc.

Street Lights: The District may have expenditures relating to street lights throughout the community. These may be restricted to main arterial roads or in some cases to all street lights within the District’s boundaries.

Utility - Recreation Facility: The District may budget separately for its recreation and or amenity electric separately.

Gas Utility Services: The District may incur gas utility expenditures related to district operations at its facilities such as pool heat etc.

Garbage - Recreation Facility: The District will incur expenditures related to the removal of garbage and solid waste.

Solid Waste Assessment Fee: The District may have an assessment levied by another local government for solid waste, etc.

Water-Sewer Utility Services: The District will incur water/sewer utility expenditures related to district operations.

Utility - Reclaimed: The District may incur expenses related to the use of reclaimed water for irrigation.

Aquatic Maintenance: Expenses related to the care and maintenance of the lakes and ponds for the control of nuisance plant and algae species.

Fountain Service Repairs & Maintenance: The District may incur expenses related to maintaining the fountains within throughout the Parks & Recreational areas

Lake/Pond Bank Maintenance: The District may incur expenditures to maintain lake banks, etc. for the ponds and lakes within the District’s boundaries, along with planting of beneficial aquatic plants, stocking of fish, mowing and landscaping of the banks as the District determines necessary.

Wetland Monitoring & Maintenance: The District may be required to provide for certain types of monitoring and maintenance activities for various wetlands and waterways by other governmental entities.

Mitigation Area Monitoring & Maintenance: The District may be required to provide for certain types of monitoring and maintenance activities for various mitigation areas by other governmental entities.

Aquatic Plant Replacement: The expenses related to replacing beneficial aquatic plants, which may or may not have been required by other governmental entities.

General Liability Insurance: The District will incur fees to insure items owned by the District for its general liability needs

Property Insurance: The District will incur fees to insure items owned by the District for its property needs

Entry and Walls Maintenance: The District will incur expenditures to maintain the entry monuments and the fencing.

Landscape Maintenance: The District will incur expenditures to maintain the rights-of-way, median strips, recreational facilities including pond banks, entryways, and similar planting areas within the District. These services include but are not limited to monthly landscape maintenance, fertilizer, pesticides, annuals, mulch, and irrigation repairs.

Irrigation Maintenance: The District will incur expenditures related to the maintenance of the irrigation systems.

Irrigation Repairs: The District will incur expenditures related to repairs of the irrigation systems.

Landscape Replacement: Expenditures related to replacement of turf, trees, shrubs etc.

Field Services: The District may contract for field management services to provide landscape maintenance oversight.

Miscellaneous Fees: The District may incur miscellaneous expenses that do not readily fit into defined categories in field operations.

Gate Phone: The District will incur telephone expenses if the District has gates that are to be opened and closed.

Street/Parking Lot Sweeping: The District may incur expenses related to street sweeping for roadways it owns or are owned by another governmental entity, for which it elects to maintain.

Gate Facility Maintenance: Expenses related to the ongoing repairs and maintenance of gates owned by the District if any.

Sidewalk Repair & Maintenance: Expenses related to sidewalks located in the right of way of streets the District may own if any.

Roadway Repair & Maintenance: Expenses related to the repair and maintenance of roadways owned by the District if any.

Employees - Salaries: The District may incur expenses for employees/staff members needed for the recreational facilities such as Clubhouse Staff.

Employees - P/R Taxes: This is the employer’s portion of employment taxes such as FICA etc.

Employee - Workers’ Comp: Fees related to obtaining workers compensation insurance.

Management Contract: The District may contract with a firm to provide for the oversight of its recreation facilities.

Maintenance & Repair: The District may incur expenses to maintain its recreation facilities.

Facility Supplies: The District may have facilities that required various supplies to operate.

Gate Maintenance & Repairs: Any ongoing gate repairs and maintenance would be included in this line item.

Telephone, Fax, Internet: The District may incur telephone, fax and internet expenses related to the recreational facilities.

Office Supplies: The District may have an office in its facilities which require various office related supplies.

Clubhouse - Facility Janitorial Service: Expenses related to the cleaning of the facility and related supplies.

Pool Service Contract: Expenses related to the maintenance of swimming pools and other water features.

Pool Repairs: Expenses related to the repair of swimming pools and other water features.

Security System Monitoring & Maintenance: The District may wish to install a security system for the clubhouse

Clubhouse Miscellaneous Expense: Expenses which may not fit into a defined category in this section of the budget

Athletic/Park Court/Field Repairs: Expense related to any facilities such as tennis, basketball etc.

Trail/Bike Path Maintenance: Expenses related to various types of trail or pathway systems the District may own, from hard surface to natural surfaces.

Special Events: Expenses related to functions such as holiday events for the public enjoyment

Miscellaneous Fees: Monies collected and allocated for fees that the District could incur throughout the year, which may not fit into any standard categories.

Miscellaneous Contingency: Monies collected and allocated for expenses that the District could incur throughout the year, which may not fit into any standard categories.

Capital Outlay: Monies collected and allocated for various projects as they relate to public improvements.

RESERVE FUND BUDGET ACCOUNT CATEGORY DESCRIPTION

The Reserve Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all Reserve Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Tax Roll: The District levies Non-Ad Valorem Special Assessments on all of the assessable property within the District to pay for operating expenditures incurred during the Fiscal Year. The assessments may be collected in two ways. The first is by placing them on the County’s Tax Roll, to be collected with the County’s Annual Property Tax Billing. This method is only available to land properly platted within the time limits prescribed by the County.

Off Roll: For lands not on the tax roll and that is by way of a direct bill from the District to the appropriate property owner.

Developer Contributions: The District may enter into a funding agreement and receive certain prescribed dollars from the Developer to off-set expenditures of the District.

Miscellaneous Revenues: The District may receive monies for the sale or provision of electronic access cards, entry decals etc.

EXPENDITURES:

Capital Reserve: Monies collected and allocated for the future repair and replacement of various capital improvements such as club facilities, swimming pools, athletic courts, roads, etc.

Capital Outlay: Monies collected and allocated for various projects as they relate to public improvements.

DEBT SERVICE FUND BUDGET ACCOUNT CATEGORY DESCRIPTION
The Debt Service Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all Debt Service Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Special Assessments: The District may levy special assessments to repay the debt incurred by the sale of bonds to raise working capital for certain public improvements. The assessments may be collected in the same fashion as described in the Operations and Maintenance Assessments.

EXPENDITURES – ADMINISTRATIVE:

Bank Fees: The District may incur bank service charges during the year.

Debt Service Obligation: This would a combination of the principal and interest payment to satisfy the annual repayment of the bond issue debt.