Southern Grove Community Development Districts #1-6

Proposed Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

PROPOSED BUDGET-RECAP CDD 1-6
PROPOSED BUDGET-CDD 1
PROPOSED BUDGET-CDD 2
PROPOSED BUDGET-CDD 3
PROPOSED BUDGET-CDD 4
PROPOSED BUDGET-CDD 5
PROPOSED BUDGET-CDD 6
PROPOSED DEBT SERVICE FUND BUDGET- CDD 1-6
ASSESSMENT RECAP

REVENUES 	 	CDD 1 		CDD 2 	 	CDD 3 	 	CDD 4 	 	CDD 5 	 	CDD 6 	 	TOTAL 	
ON-ROLL ASSESSMENTS - DEBT		0		0		0		152,395		646,973		2,097		801,465	
ON-ROLL ASSESSMENTS  - O&M		59,176		59,176		59,176		59,176		320,862		59,176		616,743	
STORMWATER		0		0		0		0		150,000		0		150,000	
CARRY OVER FUNDS FROM PRIOR YEAR 	 	0	 	0	 	0	 	0	 	0	 	0	 	0	
Total Revenues 	  $ 	59,176	  $ 	59,176	  $ 	59,176	  $ 	211,572	  $ 	1,117,835	  $ 	61,273	  $ 	1,568,208	

EXPENDITURES - ADMIN 															
AUDIT		6,000		6,000		6,000		6,000		6,000		6,000		36,000	
BANK FEES		0		0		0		0		0		0		0	
DISSEMINATION AGENT		0		0		0		0		5,500		0		5,500	
DISTRICT COUNSEL		8,000		8,000		8,000		8,000		8,000		8,000		48,000	
MANAGEMENT		4,154		4,154		4,154		4,154		9,231		4,154		30,000	
DUES, LICENSES & FEES		175		175		175		175		175		175		1,050	
ENGINEERING		9,000		9,000		9,000		9,000		9,000		9,000		54,000	
FINANCIAL ADVISOR - BOND		0		0		0		0		40,000		0		40,000	
IMPACT FEE ADMINISTRATION		0		0		0		0		0		0		0	
GENERAL INSURANCE		4,650		4,650		4,650		4,650		7,750		4,650		31,000	
WEB SITE MAINTENANCE		675		675		675		675		1,125		675		4,500	
LEGAL ADVERTISING		600		600		600		600		600		600		3,600	
MISCELLANEOUS		250		250		250		250		250		250		1,500	
MEETING ROOM		550		550		550		550		550		550		3,300	
TRAVEL AND PER DIEM		0		0		0		0		0		0		0	
OFFICE SUPPLIES		0		0		0		0		0		0		0	
POSTAGE & SHIPPING		0		0		0		0		0		0		0	
COPIES		400		400		400		400		400		400		2,400	
SUPERVISOR FEES		800		800		800		800		800		800		4,800	
TELEPHONE		0		0		0		0		0		0		0	
TRUSTEE SERVICES		0		0		0		0		7,000		0		7,000	
RESERVE - MISCELLANEOUS		19,188		19,188		19,188		19,188		19,188		19,188		115,130	
TOTAL ADMINISTRATIVE EXPENSES		54,442		54,442		54,442		54,442		115,569		54,442		387,780	

	 	CDD 1 			CDD 2 			 	CDD 3 			 	CDD 4 			 	CDD 5	 	CDD 6	 	TOTAL 	
EXPENDITURES - MAINTENANCE 																		
AQUATIC MAINTENANCE				0			0				0				0		26,124	0	26,124	
BULDING MAINTENANCE				0			0				0				0		1,000	0	1,000	
CAM (CONTRACTUAL SERVICES)				0			0				0				0		2,000	0	2,000	
CONTINGENCY				0			0				0				0		13,000	0	13,000	
ELECTRIC				0			0				0				0		25,000	0	25,000	
ENGINEERING - MAINT.				0			0				0				0		0	0	0	
FIELD MANAGEMENT				0			0				0				0		15,000	0	15,000	
FOUNTAIN MAINTENANCE & CHEMICALS				0			0				0				0		0	0	0	
HYDRILLA TREATMENT				0			0				0				0		2,000	0	2,000	
IRRIGATION PARTS & REPAIRS				0			0				0				0		8,000	0	8,000	
IRRIGATION WATER				0			0				0				0		2,000	0	2,000	
LANDSCAPE MAINTENANCE				0			0				0				0		75,000	0	75,000	
MONITORING REPORTS & STAFF GAUGE				0			0				0				0		0	0	0	
PEST CONTROL				0			0				0				0		2,000	0	2,000	
ROAD CLEANING				0			0				0				0		0	0	0	
ROAD REPAIR				0			0				0				0		0	0	0	
SECURITY				0			0				0				0		6,500	0	6,500	
SIDEWALK CLEANING AND REPAIR				0			0				0				0		0	0	0	
SIGNAGE				0			0				0				0		0	0	0	
STORMWATER CONTROL				0			0				0				0		150,000	0	150,000	
STREETLIGHT MAINTENANCE AND REPAIR				0			0				0				0		2,000	0	2,000	
TREE/PLANT REPLACEMENT & TRIM				0			0				0				0		0	0	0	
TOTAL MAINTENANCE EXPENSES				0			0				0				0		329,624	0	329,624	

Total Expenditures

$	54,442	$

54,442	$

54,442	$

54,442	$

445,193	$

54,442	$

717,404

 	 	 	 	 	 	 	

EXCESS / (SHORTFALL)

$	4,734	$

4,734	$

4,734	$

157,129	$

672,642	$

6,831	$

850,804

Series 2014 BAN Payments	0	0	0	(140,204)	(595,215)	(1,929)	(737,348)

BALANCE

$	4,734	$

4,734	$

4,734	$

16,926	$

77,427	$

4,902	$

113,457

COUNTY APPRAISER & TAX COLLECTOR FEE	(2,367)	(2,367)	(2,367)	(8,463)	(38,713)	(2,451)	(56,728)
DISCOUNTS FOR EARLY PAYMENTS	(2,367)	(2,367)	(2,367)	(8,463)	(38,713)	(2,451)	(56,728)

NET EXCESS / (SHORTFALL)

$	-	$

-	$	-	$	-	$	-	$

-	$	-

DUES, LICENSES & FEES	175	175	
ENGINEERING	9,000	9,000	
FINANCIAL ADVISOR - BOND	0	0	
IMPACT FEE ADMINISTRATION	0	0	
GENERAL INSURANCE	4,600	4,650	
WEB SITE MAINTENANCE	1,000	675	
LEGAL ADVERTISING	600	600	
MISCELLANEOUS	250	250	
MEETING ROOM	200	550	
TRAVEL AND PER DIEM	0	0	
OFFICE SUPPLIES	0	0	
POSTAGE & SHIPPING	0	0	
COPIES	400	400	
SUPERVISOR FEES	800	800	
TELEPHONE	0	0	
TRUSTEE SERVICES	0	0	
RESERVE - MISCELLANEOUS	0	19,188	
TOTAL ADMIN EXPENSES	42,525	54,442	

EXPENDITURES - MAINT			
AQUATIC MAINTENANCE	0	0	
BULDING MAINTENANCE	0	0	
CAM (CONTRACTUAL SERVICES)	0	0	
CONTINGENCY	0	0	
ELECTRIC	0	0	
ENGINEERING - MAINT.	0	0	
FIELD MANAGEMENT	0	0	
FOUNTAIN MAINTENANCE & CHEMICALS	0	0	
HYDRILLA TREATMENT	0	0	
IRRIGATION PARTS & REPAIRS	0	0	
IRRIGATION WATER	0	0	
LANDSCAPE MAINTENANCE	0	0	
MONITORING REPORTS & STAFF GAUGE	0	0	
PEST CONTROL	0	0	
ROAD CLEANING	0	0	
ROAD REPAIR	0	0	

DUES, LICENSES & FEES	175	175	
ENGINEERING	9,000	9,000	
FINANCIAL ADVISOR - BOND	0	0	
IMPACT FEE ADMINISTRATION	0	0	
GENERAL INSURANCE	4,600	4,650	
WEB SITE MAINTENANCE	1,000	675	
LEGAL ADVERTISING	600	600	
MISCELLANEOUS	250	250	
MEETING ROOM	200	550	
TRAVEL AND PER DIEM	0	0	
OFFICE SUPPLIES	0	0	
POSTAGE & SHIPPING	0	0	
COPIES	400	400	
SUPERVISOR FEES	800	800	
TELEPHONE	0	0	
TRUSTEE SERVICES	0	0	
RESERVE - MISCELLANEOUS	0	19,188	
TOTAL ADMIN EXPENSES	42,525	54,442	

EXPENDITURES - MAINT			
AQUATIC MAINTENANCE	0	0	
BULDING MAINTENANCE	0	0	
CAM (CONTRACTUAL SERVICES)	0	0	
CONTINGENCY	0	0	
ELECTRIC	0	0	
ENGINEERING - MAINT.	0	0	
FIELD MANAGEMENT	0	0	
FOUNTAIN MAINTENANCE & CHEMICALS	0	0	
HYDRILLA TREATMENT	0	0	
IRRIGATION PARTS & REPAIRS	0	0	
IRRIGATION WATER	0	0	
LANDSCAPE MAINTENANCE	0	0	
MONITORING REPORTS & STAFF GAUGE	0	0	
PEST CONTROL	0	0	
ROAD CLEANING	0	0	
ROAD REPAIR	0	0	

DUES, LICENSES & FEES	175	175	
ENGINEERING	9,000	9,000	
FINANCIAL ADVISOR - BOND	0	0	
IMPACT FEE ADMINISTRATION	0	0	
GENERAL INSURANCE	4,600	4,650	
WEB SITE MAINTENANCE	1,000	675	
LEGAL ADVERTISING	600	600	
MISCELLANEOUS	250	250	
MEETING ROOM	200	550	
TRAVEL AND PER DIEM	0	0	
OFFICE SUPPLIES	0	0	
POSTAGE & SHIPPING	0	0	
COPIES	400	400	
SUPERVISOR FEES	800	800	
TELEPHONE	0	0	
TRUSTEE SERVICES	0	0	
RESERVE - MISCELLANEOUS	0	19,188	
TOTAL ADMIN EXPENSES	42,525	54,442	

EXPENDITURES - MAINT			
AQUATIC MAINTENANCE	0	0	
BULDING MAINTENANCE	0	0	
CAM (CONTRACTUAL SERVICES)	0	0	
CONTINGENCY	0	0	
ELECTRIC	0	0	
ENGINEERING - MAINT.	0	0	
FIELD MANAGEMENT	0	0	
FOUNTAIN MAINTENANCE & CHEMICALS	0	0	
HYDRILLA TREATMENT	0	0	
IRRIGATION PARTS & REPAIRS	0	0	
IRRIGATION WATER	0	0	
LANDSCAPE MAINTENANCE	0	0	
MONITORING REPORTS & STAFF GAUGE	0	0	
PEST CONTROL	0	0	
ROAD CLEANING	0	0	
ROAD REPAIR	0	0	

DUES, LICENSES & FEES	175	175	
ENGINEERING	9,000	9,000	
FINANCIAL ADVISOR - BOND	0	0	
IMPACT FEE ADMINISTRATION	0	0	
GENERAL INSURANCE	4,600	4,650	
WEB SITE MAINTENANCE	1,000	675	
LEGAL ADVERTISING	600	600	
MISCELLANEOUS	250	250	
MEETING ROOM	200	550	
TRAVEL AND PER DIEM	0	0	
OFFICE SUPPLIES	0	0	
POSTAGE & SHIPPING	0	0	
COPIES	400	400	
SUPERVISOR FEES	800	800	
TELEPHONE	0	0	
TRUSTEE SERVICES	0	0	
RESERVE - MISCELLANEOUS	0	19,188	
TOTAL ADMIN EXPENSES	42,525	54,442	

EXPENDITURES - MAINT			
AQUATIC MAINTENANCE	0	0	
BULDING MAINTENANCE	0	0	
CAM (CONTRACTUAL SERVICES)	0	0	
CONTINGENCY	0	0	
ELECTRIC	0	0	
ENGINEERING - MAINT.	0	0	
FIELD MANAGEMENT	0	0	
FOUNTAIN MAINTENANCE & CHEMICALS	0	0	
HYDRILLA TREATMENT	0	0	
IRRIGATION PARTS & REPAIRS	0	0	
IRRIGATION WATER	0	0	
LANDSCAPE MAINTENANCE	0	0	
MONITORING REPORTS & STAFF GAUGE	0	0	
PEST CONTROL	0	0	
ROAD CLEANING	0	0	
ROAD REPAIR	0	0	

Total Revenues 

EXPENDITURES - ADMIN	  $ 	981,005	  $ 	1,117,835	
AUDIT		6,000		6,000	
BANK FEES		0		0	
DISSEMINATION AGENT		5,500		5,500	
DISTRICT COUNSEL		8,000		8,000	
MANAGEMENT		25,200		9,231	
DUES, LICENSES & FEES		175		175	
ENGINEERING		9,000		9,000	
FINANCIAL ADVISOR - BOND		40,000		40,000	
IMPACT FEE ADMINISTRATION		0		0	
GENERAL INSURANCE		8,000		7,750	
WEB SITE MAINTENANCE		2,000		1,125	
LEGAL ADVERTISING		600		600	
MISCELLANEOUS		250		250	
MEETING ROOM		200		550	
TRAVEL AND PER DIEM		0		0	
OFFICE SUPPLIES		0		0	
POSTAGE & SHIPPING		0		0	
COPIES		400		400	
SUPERVISOR FEES		800		800	
TELEPHONE		0		0	
TRUSTEE SERVICES		7,000		7,000	
RESERVE - MISCELLANEOUS		0		19,188	
TOTAL ADMIN EXPENSES		113,125		115,569	

EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		6,000		26,124	
BULDING MAINTENANCE		1,000		1,000	
CAM (CONTRACTUAL SERVICES)		2,000		2,000	
CONTINGENCY		13,000		13,000	
ELECTRIC		25,000		25,000	
ENGINEERING - MAINT.		0		0	
FIELD MANAGEMENT		48,000		15,000	
FOUNTAIN MAINTENANCE & CHEMICALS		0		0	
HYDRILLA TREATMENT		2,000		2,000	
IRRIGATION PARTS & REPAIRS		8,000		8,000	
IRRIGATION WATER		2,000		2,000	
LANDSCAPE MAINTENANCE		75,000		75,000	
MONITORING REPORTS & STAFF GAUGE		0		0	
PEST CONTROL		2,000		2,000	
ROAD CLEANING		0		0	
ROAD REPAIR		0		0	
SECURITY		6,500		6,500	

Total Revenues 

EXPENDITURES - ADMIN	  $ 	48,325	  $ 	61,273	
AUDIT		6,000		6,000	
BANK FEES		0		0	
DISSEMINATION AGENT		0		0	
DISTRICT COUNSEL		8,000		8,000	
MANAGEMENT		11,500		4,154	
DUES, LICENSES & FEES		175		175	
ENGINEERING		9,000		9,000	
FINANCIAL ADVISOR - BOND		0		0	
IMPACT FEE ADMINISTRATION		0		0	
GENERAL INSURANCE		4,600		4,650	
WEB SITE MAINTENANCE		1,000		675	
LEGAL ADVERTISING		600		600	
MISCELLANEOUS		250		250	
MEETING ROOM		200		550	
TRAVEL AND PER DIEM		0		0	
OFFICE SUPPLIES		0		0	
POSTAGE & SHIPPING		0		0	
COPIES		400		400	
SUPERVISOR FEES		800		800	
TELEPHONE		0		0	
TRUSTEE SERVICES		0		0	
RESERVE - MISCELLANEOUS		0		19,188	
TOTAL ADMIN EXPENSES		42,525		54,442	

EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		0		0	
BULDING MAINTENANCE		0		0	
CAM (CONTRACTUAL SERVICES)		0		0	
CONTINGENCY		0		0	
ELECTRIC		0		0	
ENGINEERING - MAINT.		0		0	
FIELD MANAGEMENT		0		0	
FOUNTAIN MAINTENANCE & CHEMICALS		0		0	
HYDRILLA TREATMENT		0		0	
IRRIGATION PARTS & REPAIRS		0		0	
IRRIGATION WATER		0		0	
LANDSCAPE MAINTENANCE		0		0	
MONITORING REPORTS & STAFF GAUGE		0		0	
PEST CONTROL		0		0	
ROAD CLEANING		0		0	
ROAD REPAIR		0		0	
SECURITY		0		0	
SIDEWALK CLEANING AND REPAIR		0		0	
SIGNAGE		0		0	
STORMWATER CONTROL		0		0	
STREETLIGHT MAINTENANCE AND REPAIR		0		0	
TREE/PLANT REPLACEMENT & TRIM		0		0	
TOTAL MAINTENANCE EXPENSES		0		0	

PROPOSED DEBT SERVICE SERIES 2014 CI DI BAN
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

FISCAL YEAR 2019/2020 ANNUAL BUDGET
REVENUES

Interest Income	0
Debt Collections - On Roll	801,465

Total Revenues

$	801,465

EXPENDITURES

Principal Payments	0
Interest Payments - CI BAN	80,756
Interest Payments - DI BAN	176,147
Discounts and Fees	64,117
Miscellaneous / Extra Redemption	480,445

Total Expenditures

$	801,465

Excess / (Shortfall)	$	-

PROPOSED ASSESSMENT ALLOCATION
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

Chart same as FY19 Approved Assessments

Land Use	CI	DI	O/M Ops/Unit	O/M Admin/Acre	
Single Family - 56 or Less	694.27	832.36	NA	116.68	
Single Family - 56 - 66	870.60	908.03	NA	116.68	
Single Family > 66	1,014.31	998.84	NA	116.68	
Multi-Family	637.85	416.18	NA	116.68	
Apartment Units	343.31	249.71	33.99	116.68	
Retail Square Feet	1.01	0.75	0.14	116.68	
Office Square Feet	0.46	0.75	0.07	116.68	
Research Square Feet	0.42	0.75	0.07	116.68	
Warehouse Square Feet	0.51	0.50	0.07	116.68	
Hotel Rooms	579.88	332.95	67.98	116.68	
Hospital	579.88	332.95	203.94	116.68