Southern Grove Community Development Districts #1-6

Proposed Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

3-4	PROPOSED BUDGET-RECAP CDD 1-6
5-6	PROPOSED BUDGET-RECAP CDD 1-6 FY20 COMPARISON
7-8	PROPOSED BUDGET-CDD 1
9-10	PROPOSED BUDGET-CDD 2
11-12  PROPOSED BUDGET-CDD 3
13-14  PROPOSED BUDGET-CDD 4
15-16  PROPOSED BUDGET-CDD 5
17-18  PROPOSED BUDGET-CDD 6
PROPOSED OPERATIONS & MAINTENANCE ASSESSMENTS
PROPOSED DEBT SERVICE FUND BUDGET- CDD 1-6
PROPOSED DEBT ASSESSMENTS

 	CDD 1	CDD 2		 	CDD 3		 	CDD 4		 	CDD 5		 	CDD 6		 	TOTAL		

ADMIN - ERUS		
62.67060569	
650.6308361	
1245.729596	
1150.073719	
2340.667427	
979.164466	
6428.93665	
ADMIN - ERU Percentage		0.97%	10.12%	19.38%	17.89%	36.41%	15.23%	1	
MAINT - ERUS		0	0	0	114.5707021	1918.18755	61.30712095	2094.065373	
MAINT - ERUS Percentage		0.00%	0.00%	0.00%	5.47%	91.60%	2.93%	1	

REVENUES										
ON-ROLL ASSESSMENTS - DEBT (2019 Bonds)	$	-	$	-	$	-	$	107,965.41	$	434,364.67		$	542,330.08	
ON-ROLL ASSESSMENTS - DEBT (2020 Bonds)		$	95,414.54		$	270,240.41		$	103,519.95		$	469,174.90	
ON-ROLL ASSESSMENTS - Operations		$	16,817.25	$	46,283.12	$	75,666.68	$	74,501.68		$	141,436.00		$	65,719.20		$	420,423.93	
ON-ROLL ASSESSMENTS - Maintenance		$	-	$	-	$	-	$	15,958.45		$	267,182.57		$	8,539.41		$	291,680.43	
STORMWATER		$	-	$	21,884.84		$	366,404.52		$	11,710.64		$	400,000.00	
CARRY OVER FUNDS FROM PRIOR YEAR	
Total Revenues		  $	-	 $	-	 $	-	 $	-	
$	16,817.25	$	46,283.12	$	75,666.68	$	315,724.92		  $	-	
$ 1,479,628.17		  $	-	
$	189,489.20		  $	-	
$ 2,123,609.34	

EXPENDITURES - ADMIN			  							
ARBITRAGE REBATE FEE*		$	-	$	-	$	-	$	1,672.40		$	3,403.73		$	1,423.87		$	6,500.00	
AUDIT*	$	6,000.00	$	6,000.00	$	6,000.00	$	6,000.00	$	6,000.00	$	6,000.00	$	36,000.00	
DISSEMINATION AGENT	$	29.24	$	303.61	$	581.31	$	536.67	$	1,092.25	$	456.92	$	3,000.00	
DISTRICT COUNSEL	$	467.91	$	4,857.77	$	9,300.92	$	8,586.73	$	17,475.99	$	7,310.68	$	48,000.00	
MANAGEMENT	$	299.17	$	3,105.94	$	5,946.78	$	5,490.14	$	11,173.71	$	4,674.27	$	30,690.00	
ASSESSMENT ROLL	$	58.49	$	607.22	$	1,162.61	$	1,073.34	$	2,184.50	$	913.83	$	6,000.00	
DUES, LICENSES & FEES*	$	175.00	$	175.00	$	175.00	$	175.00	$	175.00	$	175.00	$	1,050.00	
ENGINEERING	$	1,705.94	$	17,710.61	$	33,909.60	$	31,305.78	$	63,714.55	$	26,653.52	$	175,000.00	
GENERAL INSURANCE*	$	4,900.00	$	5,300.00	$	5,300.00	$	5,100.00	$	9,000.00	$	5,300.00	$	34,900.00	
WEB SITE MAINTENANCE*	$	750.00	$	750.00	$	750.00	$	750.00	$	750.00	$	750.00	$	4,500.00	
LEGAL ADVERTISING	$	37.04	$	384.57	$	736.32	$	679.78	$	1,383.52	$	578.76	$	3,800.00	
MISCELLANEOUS	$	19.50	$	202.41	$	387.54	$	357.78	$	728.17	$	304.61	$	2,000.00	
MEETING ROOM	$	32.17	$	333.97	$	639.44	$	590.34	$	1,201.47	$	502.61	$	3,300.00	
TRAVEL AND PER DIEM	$	12.19	$	126.50	$	242.21	$	223.61	$	455.10	$	190.38	$	1,250.00	
OFFICE SUPPLIES	$	9.75	$	101.20	$	193.77	$	178.89	$	364.08	$	152.31	$	1,000.00	
OFFICE RENT	$	146.22	$	1,518.05	$	2,906.54	$	2,683.35	$	5,461.25	$	2,284.59	$	15,000.00	
POSTAGE & SHIPPING	$	4.87	$	50.60	$	96.88	$	89.45	$	182.04	$	76.15	$	500.00	
COPIES	$	24.37	$	253.01	$	484.42	$	447.23	$	910.21	$	380.76	$	2,500.00	
SUPERVISOR FEES*	$	800.00	$	800.00	$	800.00	$	800.00	$	800.00	$	800.00	$	4,800.00	
TRUSTEE SERVICES	$	-	$	-	$	-	$	1,801.05	$	3,665.55	$	1,533.40	$	7,000.00	
TOTAL ADMINISTRATIVE EXPENSES	$	15,471.87	$	42,580.47	$	69,613.34	$	68,541.54	$	130,121.12	$	60,461.66	$	386,790.00	

EXPENDITURES - MAINTENANCE			 	CDD 1	CDD 2			 	CDD 3			 	CDD 4			 	CDD 5			 	CDD 6			 	TOTAL		
AQUATIC MAINTENANCE		$	-	$	-		$	-		$	1,641.36		$	27,480.34		$	878.30		$	30,000.00	
BULDING MAINTENANCE		$	-	$	-		$	-		$	54.71		$	916.01		$	29.28		$	1,000.00	
BEEP OPERATIONS		$	-	$	-		$	-		$	0.05		$	0.92		$	0.03		$	1.00	
CONTINGENCY		$	-	$	-		$	-		$	5,471.21		$	91,601.13		$	2,927.66		$	100,000.00	
ELECTRIC		$	-	$	-		$	-		$	1,367.80		$	22,900.28		$	731.92		$	25,000.00	
ENGINEERING - MAINT.		$	-	$	-		$	-		$	9,574.62		$	160,301.98		$	5,123.41		$	175,000.00	
FIELD MANAGEMENT		$	-	$	-		$	-		$	839.56		$	14,056.19		$	449.25		$	15,345.00	
FOUNTAIN MAINTENANCE & CHEMICALS		$	-	$	-		$	-		$	547.12		$	9,160.11		$	292.77		$	10,000.00	
IRRIGATION PARTS & REPAIRS		$	-	$	-		$	-		$	437.70		$	7,328.09		$	234.21		$	8,000.00	
IRRIGATION WATER		$	-	$	-		$	-		$	109.42		$	1,832.02		$	58.55		$	2,000.00	
LANDSCAPE MAINTENANCE		$	-	$	-		$	-		$	2,188.48		$	36,640.45		$	1,171.06		$	40,000.00	
MITIGATION MAINTENANCE		$	-	$	-		$	-		$	4,486.39		$	75,112.93		$	2,400.68		$	82,000.00	
PEST CONTROL		$	-	$	-		$	-		$	109.42		$	1,832.02		$	58.55		$	2,000.00	
ROAD CLEANING		$	-	$	-		$	-		$	547.12		$	9,160.11		$	292.77		$	10,000.00	
SECURITY		$	-	$	-		$	-		$	2,188.48		$	36,640.45		$	1,171.06		$	40,000.00	
SIDEWALK CLEANING AND REPAIR		$	-	$	-		$	-		$	1,641.36		$	27,480.34		$	878.30		$	30,000.00	
SIGNAGE		$	-	$	-		$	-		$	547.12		$	9,160.11		$	292.77		$	10,000.00	
STORMWATER CONTROL		$	-	$	-		$	-		$	2,735.60		$	45,800.57		$	1,463.83		$	50,000.00	
STREETLIGHT MAINTENANCE AND REPAIR		$	-	$	-		$	-		$	109.42		$	1,832.02		$	58.55		$	2,000.00	
TREE/PLANT REPLACEMENT & TRIM		$	-	$	-		$	-		$	1,969.64		$	32,976.41		$	1,053.96		$	36,000.00	
TOTAL MAINTENANCE EXPENSES		$	-	$	-		$	-		$	36,566.61		$	612,212.49		$	19,566.90		$	668,346.00	

Total Expenditures		$	15,471.87	$	42,580.47		$	69,613.34		$	105,108.15		$	742,333.61		$	80,028.56		$ 1,055,136.00	

											
EXCESS / (SHORTFALL)		$	1,345.38	$	3,702.65		$	6,053.34		$	210,616.77		$	737,294.56		$	109,460.64		$ 1,068,473.34	

2019 Bond Payments						
$	(99,328.18)		
$	(399,615.50)				
$	(498,943.67)	
2020 Bond Payments		

				$	(87,781.38)		$	(248,621.18)		$	(95,238.35)		$	(431,640.91)	
BALANCE		$	1,345.38	$	3,702.65		$	6,053.34		$	23,507.21		$	89,057.89		$	14,222.28		$	137,888.76	

COUNTY APPRAISER & TAX COLLECTOR FEE		

$	(672.69)	$	(1,851.32)		
$	(3,026.67)		
$	(11,753.60)		
$	(44,528.95)		
$	(7,111.14)		
$	(68,944.37)	
DISCOUNTS FOR EARLY PAYMENTS		$	(672.69)	$	(1,851.32)		$	(3,026.67)		$	(11,753.60)		$	(44,528.95)		$	(7,111.14)		$	(68,944.37)	
NET EXCESS / (SHORTFALL)		$	-		$	-		$	-		$	-		$	-		$	-		$	-	
*District Specific

	FISCAL YEAR		FISCAL YEAR		
	2019/2020		2020/2021		
	 	ANNUAL BUDGET			     PROPOSED BUDGET 	  COMMENTS		
REVENUES	
ON-ROLL ASSESSMENTS - DEBT (2019 Bonds)		
889,139		
542,330		
ON-ROLL ASSESSMENTS - DEBT (2020 Bonds)		All BAN Debt incl Above		469,175		
ON-ROLL ASSESSMENTS - Operations		606,830		420,424		
ON-ROLL ASSESSMENTS - Maintenance		Incl Above		291,680		
STORMWATER		215,000		400,000	Used this figure as placeholder based on FY19-20 receipts	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0		
Total Revenues		$	1,710,970		$	2,123,609		

EXPENDITURES - ADMIN	
ARBITRAGE FEE		
0		
6,500	

Allocated sames as TRUSTEE SERVICES	
AUDIT*		36,000		36,000		
DISSEMINATION AGENT		5,500		3,000		
DISTRICT COUNSEL		48,000		48,000		
MANAGEMENT		30,000		30,690	2.3% CPI increase per SDS Contract	
ASSESSMENT ROLL		0		6,000	Per SDS Contract	
DUES, LICENSES & FEES*		1,050		1,050		
ENGINEERING		54,000		175,000	Per FY20 Costs	
GENERAL INSURANCE*		31,000		34,900	Per FY20 Costs	
WEB SITE MAINTENANCE*		4,500		4,500		
LEGAL ADVERTISING		3,600		3,800		
MISCELLANEOUS		3,000		2,000		
MEETING ROOM		3,300		3,300		
TRAVEL AND PER DIEM		0		1,250	Per FY20 Costs	
OFFICE SUPPLIES		0		1,000		
OFFICE RENT		15,000		15,000		
POSTAGE & SHIPPING		0		500		
COPIES		2,400		2,500	Per FY20 Costs	
SUPERVISOR FEES*		4,800		4,800		
RESERVE - MISCELLANEOUS		52,009		0		
FINANICIAL ADVISOR		40,000		0		
TRUSTEE SERVICES		7,000		7,000		
TOTAL ADMIN EXPENSES		341,159		386,790		

		FISCAL YEAR		FISCAL YEAR		
		2019/2020		2020/2021		
		 	ANNUAL BUDGET			     PROPOSED BUDGET 	  COMMENTS		
EXPENDITURES - MAINT						
AQUATIC MAINTENANCE		40,125		30,000	Lake & Wetland Contract	
BULDING MAINTENANCE		1,000		1,000		
BEEP OPERATIONS		0		1	BEEP Operations - Autonomous Vehicle	
CONTINGENCY		15,000		100,000	ACOE Mitigation after Bond Funds	
ELECTRIC		25,000		25,000		
ENGINEERING - MAINT.		0		175,000	(FLOAT) funded with Stormwater Fees	
FIELD MANAGEMENT		15,000		15,345	2.3% CPI increase per SDS Contract	
FOUNTAIN MAINTENANCE & CHEMICALS		0		10,000	Annual maintenance & repairs/ B-lake fountains	
IRRIGATION PARTS & REPAIRS		8,000		8,000		
IRRIGATION WATER		2,000		2,000		
LANDSCAPE MAINTENANCE		75,000		40,000	Yellowstone Contract	
MITIGATION MAINTENANCE		55,000		82,000	$27K increase, active ACOE maintenance contract in place.	
PEST CONTROL		2,000		2,000		
ROAD CLEANING		0		10,000	Estimate	
SECURITY		40,000		40,000	No change, may increase in future due to coverage increase.	
SIDEWALK CLEANING AND REPAIR		0		30,000	+$30K, need to begin repair/replacement program.	
SIGNAGE		0		10,000	+$10K, repair/maitenance of existing signage.	
STORMWATER CONTROL		150,000		50,000	Funded with Stormwater Fees	
STREETLIGHT MAINTENANCE AND REPAIR		2,000		2,000		
TREE/PLANT REPLACEMENT & TRIM		0		36,000	~25% of estimated total annual at buildout.	
HYDRILLA TREATMENT		2,000		0		
TOTAL MAINTENANCE EXPENSES		432,125		668,346		
						
Total Expenditures		$	773,284		$	1,055,136		
						
EXCESS / (SHORTFALL)		$	937,686		$	1,068,473		

Series 2014 BAN Payments		
(818,008)		
-	
BANS retired	
2019 Bond Payments		0		(498,944)	Series 2019 Bonds issued	
2020 Bond Payments		0		(431,641)	Series 2020 Bonds issued	
BALANCE		$	119,678		$	137,889		

COUNTY APPRAISER & TAX COLLECTOR FEE		
(59,839)		
(68,944)		
DISCOUNTS FOR EARLY PAYMENTS		(59,839)		(68,944)		
NET EXCESS / (SHORTFALL)		$	-		$	-		

	FISCAL YEAR		FISCAL YEAR	
	2019/2020		2020/2021	
	 	ANNUAL BUDGET			 	PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT (2019 Bonds)		0		0	
ON-ROLL ASSESSMENTS - DEBT (2020 Bonds)		0		0	
ON-ROLL ASSESSMENTS - Operations		50,271		16,817	
ON-ROLL ASSESSMENTS - Maintenance				0	
STORMWATER		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	50,271		$	16,817	

EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		0		0	
AUDIT*		6,000		6,000	
DISSEMINATION AGENT		0		29	
DISTRICT COUNSEL		8,000		468	
MANAGEMENT		4,154		299	
ASSESSMENT ROLL		0		58	
DUES, LICENSES & FEES*		175		175	
ENGINEERING		9,000		1,706	
GENERAL INSURANCE*		4,650		4,900	
WEB SITE MAINTENANCE*		675		750	
LEGAL ADVERTISING		600		37	
MISCELLANEOUS		500		19	
MEETING ROOM		550		32	
TRAVEL AND PER DIEM		0		12	
OFFICE SUPPLIES		0		10	
OFFICE RENT		2,077		146	
POSTAGE & SHIPPING		0		5	
COPIES		400		24	
SUPERVISOR FEES*		800		800	
RESERVE		8,668		0	
TOTAL ADMIN EXPENSES		46,249		15,472	

EXPENDITURES - MAINT

FISCAL YEAR	FISCAL YEAR 2019/2020	2020/2021
 	ANNUAL BUDGET		 	PROPOSED BUDGET	

AQUATIC MAINTENANCE	0	0
BULDING MAINTENANCE	0	0
BEEP OPERATIONS	0	0
CONTINGENCY	0	0
ELECTRIC	0	0
ENGINEERING - MAINT.	0	0
FIELD MANAGEMENT	0	0
FOUNTAIN MAINTENANCE & CHEMICALS	0	0
IRRIGATION PARTS & REPAIRS	0	0
IRRIGATION WATER	0	0
LANDSCAPE MAINTENANCE	0	0
MITIGATION MAINTENANCE	0	0
PEST CONTROL	0	0
ROAD CLEANING	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

 	 	

Total Expenditures

$	46,249	$

15,472

 	 	

EXCESS / (SHORTFALL)

$	4,022	$

1,345

Series 2014 BAN Payments	-	-
2019 Bond Payments	-	-
2020 Bond Payments	-	-

BALANCE

$	4,022	$

1,345

COUNTY APPRAISER & TAX COLLECTOR FEE	(2,011)	(673)
DISCOUNTS FOR EARLY PAYMENTS	(2,011)	(673)

NET EXCESS / (SHORTFALL)

*District Specific

$	-	$	-

	FISCAL YEAR		FISCAL YEAR	
	2019/2020		2020/2021	
	 	ANNUAL BUDGET			 	PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT (2019 Bonds)		0		0	
ON-ROLL ASSESSMENTS - DEBT (2020 Bonds)		0		0	
ON-ROLL ASSESSMENTS - Operations		50,271		46,283	
ON-ROLL ASSESSMENTS - Maintenance		0		0	
STORMWATER		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	50,271		$	46,283	

EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		0		0	
AUDIT*		6,000		6,000	
DISSEMINATION AGENT		0		304	
DISTRICT COUNSEL		8,000		4,858	
MANAGEMENT		4,154		3,106	
ASSESSMENT ROLL		0		607	
DUES, LICENSES & FEES*		175		175	
ENGINEERING		9,000		17,711	
GENERAL INSURANCE*		4,650		5,300	
WEB SITE MAINTENANCE*		675		750	
LEGAL ADVERTISING		600		385	
MISCELLANEOUS		500		202	
MEETING ROOM		550		334	
TRAVEL AND PER DIEM		0		127	
OFFICE SUPPLIES		0		101	
OFFICE RENT		2,077		1,518	
POSTAGE & SHIPPING		0		51	
COPIES		400		253	
SUPERVISOR FEES*		800		800	
TRUSTEE SERVICES		0		0	
RESERVE		8,668		0	
TOTAL ADMIN EXPENSES		46,249		42,580	

		FISCAL YEAR		FISCAL YEAR	
		2019/2020		2020/2021	
		 	ANNUAL BUDGET			 	PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		0		0	
BULDING MAINTENANCE		0		0	
BEEP OPERATIONS		0		0	
CONTINGENCY		0		0	
ELECTRIC		0		0	
ENGINEERING - MAINT.		0		0	
FIELD MANAGEMENT		0		0	
FOUNTAIN MAINTENANCE & CHEMICALS		0		0	
IRRIGATION PARTS & REPAIRS		0		0	
IRRIGATION WATER		0		0	
LANDSCAPE MAINTENANCE		0		0	
MITIGATION MAINTENANCE		0		0	
PEST CONTROL		0		0	
ROAD CLEANING		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	
					
Total Expenditures		$	46,249		$	42,580	
					
EXCESS / (SHORTFALL)		$	4,022		$	3,703	

Series 2014 BAN Payments		
-		
-	
2019 Bond Payments		-		-	
2020 Bond Payments		-		-	
BALANCE		$	4,022		$	3,703	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(2,011)		
(1,851)	
DISCOUNTS FOR EARLY PAYMENTS		(2,011)		(1,851)	
NET EXCESS / (SHORTFALL)		$	-		$	-	
*District Specific					

		FISCAL YEAR		FISCAL YEAR	
		2019/2020		2020/2021	
		 	ANNUAL BUDGET			 	PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT (2019 Bonds)		0		0	
ON-ROLL ASSESSMENTS - DEBT (2020 Bonds)		0		0	
ON-ROLL ASSESSMENTS - Operations		50,271		75,667	
ON-ROLL ASSESSMENTS - Maintenance		0		0	
STORMWATER		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	50,271		$	75,667	

EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		0		0	
AUDIT*		6,000		6,000	
DISSEMINATION AGENT		0		581	
DISTRICT COUNSEL		8,000		9,301	
MANAGEMENT		4,154		5,947	
ASSESSMENT ROLL		0		1,163	
DUES, LICENSES & FEES*		175		175	
ENGINEERING		9,000		33,910	
GENERAL INSURANCE*		4,650		5,300	
WEB SITE MAINTENANCE*		675		750	
LEGAL ADVERTISING		600		736	
MISCELLANEOUS		500		388	
MEETING ROOM		550		639	
TRAVEL AND PER DIEM		0		242	
OFFICE SUPPLIES		0		194	
OFFICE RENT		2,077		2,907	
POSTAGE & SHIPPING		0		97	
COPIES		400		484	
SUPERVISOR FEES*		800		800	
TRUSTEE SERVICES		0		0	
RESERVE		8,668		0	
TOTAL ADMIN EXPENSES		46,249		69,613	

		FISCAL YEAR		FISCAL YEAR	
		2019/2020		2020/2021	
		 	ANNUAL BUDGET			 	PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		0		0	
BULDING MAINTENANCE		0		0	
BEEP OPERATIONS		0		0	
CONTINGENCY		0		0	
ELECTRIC		0		0	
ENGINEERING - MAINT.		0		0	
FIELD MANAGEMENT		0		0	
FOUNTAIN MAINTENANCE & CHEMICALS		0		0	
IRRIGATION PARTS & REPAIRS		0		0	
IRRIGATION WATER		0		0	
LANDSCAPE MAINTENANCE		0		0	
MITIGATION MAINTENANCE		0		0	
PEST CONTROL		0		0	
ROAD CLEANING		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	
					
Total Expenditures		$	46,249		$	69,613	
					
EXCESS / (SHORTFALL)		$	4,022		$	6,053	

Series 2014 BAN Payments		
-		
-	
2019 Bond Payments		-		-	
2020 Bond Payments		-		-	
BALANCE		$	4,022		$	6,053	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(2,011)		
(3,027)	
DISCOUNTS FOR EARLY PAYMENTS		(2,011)		(3,027)	
NET EXCESS / (SHORTFALL)		$	-		$	-	
*District Specific					

		FISCAL YEAR		FISCAL YEAR	
		2019/2020		2020/2021	
		 	ANNUAL BUDGET			 	PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT (2019 Bonds)		346,370		107,965	
ON-ROLL ASSESSMENTS - DEBT (2020 Bonds)		All BAN Debt incl Above		95,415	
ON-ROLL ASSESSMENTS - Operations		50,271		74,502	
ON-ROLL ASSESSMENTS - Maintenance		0		15,958	
STORMWATER		0		21,885	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	396,641		$	315,725	

EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		0		1,672	
AUDIT*		6,000		6,000	
DISSEMINATION AGENT		0		537	
DISTRICT COUNSEL		8,000		8,587	
MANAGEMENT		4,154		5,490	
ASSESSMENT ROLL		0		1,073	
DUES, LICENSES & FEES*		175		175	
ENGINEERING		9,000		31,306	
GENERAL INSURANCE*		4,650		5,100	
WEB SITE MAINTENANCE*		675		750	
LEGAL ADVERTISING		600		680	
MISCELLANEOUS		500		358	
MEETING ROOM		550		590	
TRAVEL AND PER DIEM		0		224	
OFFICE SUPPLIES		0		179	
OFFICE RENT		2,077		2,683	
POSTAGE & SHIPPING		0		89	
COPIES		400		447	
SUPERVISOR FEES*		800		800	
TRUSTEE SERVICES		0		1,801	
RESERVE		8,668		0	
TOTAL ADMIN EXPENSES		46,249		68,542	

		FISCAL YEAR		FISCAL YEAR	
		2019/2020		2020/2021	
		 	ANNUAL BUDGET			 	PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		0		1,641	
BULDING MAINTENANCE		0		55	
BEEP OPERATIONS		0		0	
CONTINGENCY		0		5,471	
ELECTRIC		0		1,368	
ENGINEERING - MAINT.		0		9,575	
FIELD MANAGEMENT		0		840	
FOUNTAIN MAINTENANCE & CHEMICALS		0		547	
IRRIGATION PARTS & REPAIRS		0		438	
IRRIGATION WATER		0		109	
LANDSCAPE MAINTENANCE		0		2,188	
MITIGATION MAINTENANCE		0		4,486	
PEST CONTROL		0		109	
ROAD CLEANING		0		547	
SECURITY		0		2,188	
SIDEWALK CLEANING AND REPAIR		0		1,641	
SIGNAGE		0		547	
STORMWATER CONTROL		0		2,736	
STREETLIGHT MAINTENANCE AND REPAIR		0		109	
TREE/PLANT REPLACEMENT & TRIM		0		1,970	
TOTAL MAINTENANCE EXPENSES		0		36,567	
					
Total Expenditures		$	46,249		$	105,108	
					
EXCESS / (SHORTFALL)		$	350,392		$	210,617	

Series 2014 BAN Payments		
(318,660)		
-	
2019 Bond Payments		-		(99,328)	
2020 Bond Payments		-		(87,781)	
BALANCE		$	31,732		$	23,507	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(15,866)		
(11,754)	
DISCOUNTS FOR EARLY PAYMENTS		(15,866)		(11,754)	
NET EXCESS / (SHORTFALL)		$	-		$	-	
*District Specific					

		FISCAL YEAR		FISCAL YEAR	
		2019/2020		2020/2021	
		 	ANNUAL BUDGET			 	PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT (2019 Bonds)		208,729		434,365	
ON-ROLL ASSESSMENTS - DEBT (2020 Bonds)		All BAN Debt incl Above		270,240	
ON-ROLL ASSESSMENTS - Operations		355,478		141,436	
ON-ROLL ASSESSMENTS - Maintenance		Incl Above		267,183	
STORMWATER		215,000		366,405	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	779,206		$	1,479,628	

EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		0		3,404	
AUDIT*		6,000		6,000	
DISSEMINATION AGENT		5,500		1,092	
DISTRICT COUNSEL		8,000		17,476	
MANAGEMENT		9,231		11,174	
ASSESSMENT ROLL		0		2,184	
DUES, LICENSES & FEES*		175		175	
ENGINEERING		9,000		63,715	
GENERAL INSURANCE*		7,750		9,000	
WEB SITE MAINTENANCE*		1,125		750	
LEGAL ADVERTISING		600		1,384	
MISCELLANEOUS		500		728	
MEETING ROOM		550		1,201	
TRAVEL AND PER DIEM		0		455	
OFFICE SUPPLIES		0		364	
OFFICE RENT		4,615		5,461	
POSTAGE & SHIPPING		0		182	
COPIES		400		910	
SUPERVISOR FEES*		800		800	
TRUSTEE SERVICES		7,000		3,666	
RESERVE		8,668		0	
FINANCIAL ADVISOR		40,000		0	
TOTAL ADMIN EXPENSES		109,914		130,121	

		FISCAL YEAR		FISCAL YEAR	
		2019/2020		2020/2021	
		 	ANNUAL BUDGET			 	PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		40,125		27,480	
BULDING MAINTENANCE		1,000		916	
BEEP OPERATIONS		0		1	
CONTINGENCY		15,000		91,601	
ELECTRIC		25,000		22,900	
ENGINEERING - MAINT.		0		160,302	
FIELD MANAGEMENT		15,000		14,056	
FOUNTAIN MAINTENANCE & CHEMICALS		0		9,160	
IRRIGATION PARTS & REPAIRS		8,000		7,328	
IRRIGATION WATER		2,000		1,832	
LANDSCAPE MAINTENANCE		75,000		36,640	
MITIGATION MAINTENANCE		55,000		75,113	
PEST CONTROL		2,000		1,832	
ROAD CLEANING		0		9,160	
SECURITY		40,000		36,640	
SIDEWALK CLEANING AND REPAIR		0		27,480	
SIGNAGE		0		9,160	
STORMWATER CONTROL		150,000		45,801	
STREETLIGHT MAINTENANCE AND REPAIR		2,000		1,832	
TREE/PLANT REPLACEMENT & TRIM		0		32,976	
HYDRILLA TREATMENT		2,000		0	
TOTAL MAINTENANCE EXPENSES		432,125		612,212	
					
Total Expenditures		$	542,039		$	742,334	
					
EXCESS / (SHORTFALL)		$	237,167		$	737,295	

Series 2014 BAN Payments		
(192,030)		
-	
2019 Bond Payments		-		(399,615)	
2020 Bond Payments		-		(248,621)	
BALANCE		$	45,137		$	89,058	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(22,568)		
(44,529)	
DISCOUNTS FOR EARLY PAYMENTS		(22,568)		(44,529)	
NET EXCESS / (SHORTFALL)		$	-		$	-	
*District Specific					

		FISCAL YEAR		FISCAL YEAR	
		2019/2020		2020/2021	
		 	ANNUAL BUDGET			 	PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT (2019 Bonds)		334,040		0	
ON-ROLL ASSESSMENTS - DEBT (2020 Bonds)		All BAN Debt incl Above		103,520	
ON-ROLL ASSESSMENTS - Operations		50,271		65,719	
ON-ROLL ASSESSMENTS - Maintenance		Incl Above		8,539	
STORMWATER		0		11,711	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	384,311		$	189,489	

EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		0		1,424	
AUDIT*		6,000		6,000	
DISSEMINATION AGENT		0		457	
DISTRICT COUNSEL		8,000		7,311	
MANAGEMENT		4,154		4,674	
ASSESSMENT ROLL		0		914	
DUES, LICENSES & FEES*		175		175	
ENGINEERING		9,000		26,654	
GENERAL INSURANCE*		4,650		5,300	
WEB SITE MAINTENANCE*		675		750	
LEGAL ADVERTISING		600		579	
MISCELLANEOUS		500		305	
MEETING ROOM		550		503	
TRAVEL AND PER DIEM		0		190	
OFFICE SUPPLIES		0		152	
OFFICE RENT		2,077		2,285	
POSTAGE & SHIPPING		0		76	
COPIES		400		381	
SUPERVISOR FEES*		800		800	
TRUSTEE SERVICES		0		1,533	
RESERVE		8,668		0	
TOTAL ADMIN EXPENSES		46,249		60,462	

		FISCAL YEAR		FISCAL YEAR	
		2019/2020		2020/2021	
		 	ANNUAL BUDGET			 	PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		0		878	
BULDING MAINTENANCE		0		29	
BEEP OPERATIONS		0		0	
CONTINGENCY		0		2,928	
ELECTRIC		0		732	
ENGINEERING - MAINT.		0		5,123	
FIELD MANAGEMENT		0		449	
FOUNTAIN MAINTENANCE & CHEMICALS		0		293	
IRRIGATION PARTS & REPAIRS		0		234	
IRRIGATION WATER		0		59	
LANDSCAPE MAINTENANCE		0		1,171	
MITIGATION MAINTENANCE		0		2,401	
PEST CONTROL		0		59	
ROAD CLEANING		0		293	
SECURITY		0		1,171	
SIDEWALK CLEANING AND REPAIR		0		878	
SIGNAGE		0		293	
STORMWATER CONTROL		0		1,464	
STREETLIGHT MAINTENANCE AND REPAIR		0		59	
TREE/PLANT REPLACEMENT & TRIM		0		1,054	
TOTAL MAINTENANCE EXPENSES		0		19,567	
					
Total Expenditures		$	46,249		$	80,029	
					
EXCESS / (SHORTFALL)		$	338,062		$	109,461	

Series 2014 BAN Payments		
(307,317)		
-	
2019 Bond Payments		-		-	
2020 Bond Payments		-		(95,238)	
BALANCE		$	30,745		$	14,222	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(15,372)		
(7,111)	
DISCOUNTS FOR EARLY PAYMENTS		(15,372)		(7,111)	
NET EXCESS / (SHORTFALL)		$	-		$	-	
*District Specific					

CDD1
TYPE	Volume	ERU Factor**	ERUS	%	Cost Per Type	Cost Per Unit Type	
Single Family ‐ 55 or Less*		N/A					
Single Family ‐ 56‐66*		N/A					
Single Family >67*		N/A					
Multi‐Family*		N/A					
Apartments***		0.5					
Retail Sq. Ft.***		0.002					
Office Sq. Ft. ***		0.001					
Research Sq.Ft.***		0.001					
Warehouse Sq.Ft. ***		0.0001					
Hotel Rooms***		1					
Hospital***		3					
Developed Acreage		1.6832					
Undeveloped Assessable Acreage	37.23301	1.6832	62.67061	100.00%	$	16,817.25	$	451.68	

Total	62.67061	100% $
CDD2

16,817.25

TYPE	Volume	ERU Factor**	ERUS	%	Cost Per Type	Cost Per Unit Type	
Single Family ‐ 55 or Less*		N/A					
Single Family ‐ 56‐66*		N/A					
Single Family >67*		N/A					
Multi‐Family*		N/A					
Apartments***		0.5					
Retail Sq. Ft.***		0.002					
Office Sq. Ft. ***		0.001					
Research Sq.Ft.***		0.001					
Warehouse Sq.Ft. ***		0.0001					
Hotel Rooms***		1					
Hospital***		3					
Developed Acreage		1.6832					
Undeveloped Assessable Acreage	386.544	1.6832	650.6308	100.00%	$	46,283.12	$	119.74	

Total	650.6308	100% $
CDD3

46,283.12

TYPE	Volume	ERU Factor**	ERUS	%	Cost Per Type	Cost Per Unit Type	
Single Family ‐ 55 or Less*		N/A					
Single Family ‐ 56‐66*		N/A					
Single Family >67*		N/A					
Multi‐Family*		N/A					
Apartments***		0.5					
Retail Sq. Ft.***		0.002					
Office Sq. Ft. ***		0.001					
Research Sq.Ft.***		0.001					
Warehouse Sq.Ft. ***		0.0001					
Hotel Rooms***		1					
Hospital***		3					
Developed Acreage		1.6832					
Undeveloped Assessable Acreage	740.096	1.6832	1245.7	100.00%	$	75,666.68	$	102.24	
Total	1245.73	100%  $	75,666.68

CDD4
TYPE	Volume	ERU Factor**	ERUS	%	Cost Per Type	Cost Per Unit Type	
Single Family ‐ 55 or Less*		N/A					
Single Family ‐ 56‐66*		N/A					
Single Family >67*		N/A					
Multi‐Family*		N/A					
Apartments***		0.5					
Retail Sq. Ft.***		0.002					
Office Sq. Ft. ***		0.001					
Research Sq.Ft.***		0.001					
Warehouse Sq.Ft. ***		0.0001					
Hotel Rooms***		1					
Hospital***		3					
Developed Acreage	68.06719	1.6832	114.5707	9.96%	$	9,011.67	$	132.39	
Undeveloped Assessable Acreage	615.199	1.6832	1035.5	90.04%	$	81,448.46	$	132.39	

Total	1150.074	100% $
CDD5

90,460.13

TYPE	Volume	ERU Factor**	ERUS	%	Cost Per Type	Cost Per Unit Type	
Single Family ‐ 55 or Less*		N/A					
Single Family ‐ 56‐66*		N/A					
Single Family >67*		N/A					
Multi‐Family*		N/A					
Apartments***	604	0.5	302	12.90%	$	52,721.21	$	87.29	
Retail Sq. Ft.***	45194	0.002	90.388	3.86%	$	15,779.35	$	0.35	
Office Sq. Ft. ***	155842	0.001	155.842	6.66%	$	27,205.89	$	0.17	
Research Sq.Ft.***	287445	0.001	287.445	12.28%	$	50,180.29	$	0.17	
Warehouse Sq.Ft. ***	411852	0.0001	41.1852	1.76%	$	7,189.85	$	0.02	
Hotel Rooms***	195	1	195	8.33%	$	34,041.84	$	174.57	
Hospital***	180	3	540	23.07%	$	94,269.70	$	523.72	
Developed Acreage	181.9911	1.6832	306.3274	13.09%	$	53,476.65	$	293.84	
Undeveloped Assessable Acreage	250.998	1.6832	422.5	18.05%	$	73,753.80	$	293.84	

Total	2340.667	100%
CDD6

$ 408,618.57

TYPE	Volume	ERU Factor**	ERUS	%	Cost Per Type	Cost Per Unit Type	
Single Family ‐ 55 or Less*		N/A					
Single Family ‐ 56‐66*		N/A					
Single Family >67*		N/A					
Multi‐Family*		N/A					
Apartments***		0.5					
Retail Sq. Ft.***		0.002					
Office Sq. Ft. ***		0.001					
Research Sq.Ft.***		0.001					
Warehouse Sq.Ft. ***		0.0001					
Hotel Rooms***		1					
Hospital***		3					
Developed Acreage	36.42296	1.6832	61.30712	6.26%	$	4,649.46	$	127.65	
Undeveloped Assessable Acreage	545.305	1.6832	917.8573	93.74%	$	69,609.15	$	127.65	

Total	979.1645	100% $
*These product types are included in Developed Acreage Category
**Per Table 3 of 08.11.15 O&M Assessment Methodology Report
***These product types pay (Per Unit Rate + Per Acre Rate)

74,258.61

PROPOSED DEBT SERVICE SERIES 2019 BONDS
SERIES 2020 BONDS
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

	FISCAL YEAR 2020/2021
ANNUAL BUDGET	

REVENUES			
Interest Income		0	
Net 2019 Bond Collections		498,944	
Net 2020 Bond Collections		431,641	
Total Revenues	$	930,585	

EXPENDITURES			
2019 Bond Payments		446,994	
2020 Bond Payments		426,718	
Miscellaneous / Extra Redemption (2019)		51,950	
Miscellaneous / Extra Redemption (2020)		4,923	
Total Expenditures	$	930,585	
			
Excess / (Shortfall)	$	-	

PROPOSED DEBT ASSESSMENTS FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

Units	Est. Gross Annual
Land Use	Folio#	Landowner	Sq. Ft. PI Debt Service/Unit*

Research	4315‐600‐0001‐000‐8	City of Port St. Lucie (Torrey Pines)	85937	0.078	
Hotel	4315‐606‐0003‐000‐0	BBL at Equinox (Homewood Suites)	111	220.479	
Research	4315‐502‐0008‐000‐6	City of Port St. Lucie (formerly VGTI)	92142	0.030	
Hospital	4315‐501‐0004‐000‐5	Martin Memorial	180	293.184	
Research	4315‐608‐0001‐000‐2	Trad Health (Bldg 1 ‐ south)	45238	0.111	
Retail	4315‐602‐0002‐000‐1	Mason Street Holdings (Wawa)	6280	0.729	
Office	4315‐505‐0005‐000‐4	Pegasus PSL (Keiser University)	75146	0.329	
Research	4315‐608‐0002‐000‐9	Trad Health (Bldg 2 ‐ north)	64128	0.315	
Retail	4315‐607‐0002‐000‐6	G&S Family Hospitality (Culvers)	4652	0.730	
Retail	4315‐606‐0002‐000‐3	BBL at Tradition (Recovery Sports Bar & Grill)	6518	0.680	
Retail	4315‐607‐0005‐000‐7	CFT NV Developments (Panda Express)	2766	0.732	
Office	4315‐607‐0003‐000‐3	PRD Owner (Dental Care)	4000	0.302	
Office	4315‐506‐0002‐000‐6	SFO Holdings (Urgent Care)	32360	0.340	
Retail	4315‐609‐0006‐000‐0	Pershing Properties (Verizon)	2500	0.761	
SF 55 or Less	Multiple	Del Webb @ Tradition (Phases 1 and 2)	161	466.788	
SF 56 ‐ 66	Multiple	Del Webb @ Tradition (Phases 1 and 2)	42	516.275	
Apts	4315‐613‐0001‐000‐8	Continental 409	304	358.007	
Retail	4315‐605‐0003‐000‐7	Northern Lights Realty (Innovation Plaza)	10478	0.819	
Retail	4315‐609‐0004‐000‐6	JEM Port St Lucie (Restaurant & mini golf)	6251	0.719	
Medical Office	4315‐603‐0001‐000‐7	Florida Vision (Bldg 1)	34350	0.377	
Apts	4315‐500‐0012‐000‐1	Grande Palms II (Phase 1 ‐ south)	300	350.574	
Warehouse	4315‐800‐0003‐000‐6	CES Port St. Lucie Landlord (City Electric)	411852	0.423	
SF 55 or Less	Multiple	Heron Preserve	151	499.953	
SF 56 ‐ 66	Multiple	Heron Preserve	50	560.553	
Retail	4315‐607‐0004‐000‐0	Tradition Lot 3 (eastern portion ‐ PDQ 000)	2782	0.773	
SF 55 or Less	Multiple	Del Webb @ Tradition (Phase 3)	130	525.786	
SF 56 ‐ 66	Multiple	Del Webb @ Tradition (Phase 3)	46	589.689	
Retail	4315‐609‐0007‐000‐7	RDP 11 (southern portion ‐ Burger King)	2967	0.869	
Medical Office	4315‐611‐0002‐000‐9	KYK Holdings (Premier Medical Plaza)	9986	0.384	
Hotel	4315‐612‐0001‐000‐5	Tradition Hotel Holdings, LLC (Courtyard by Marriott)	84	452.767	
SF 55 or Less	4315‐500‐0008‐000‐0	Mattamy	54	524.669	
SF 56 ‐ 66	4315‐500‐0008‐000‐0	Mattamy	36	588.888	

*Figures are rounded and are net of previously paid CI BAN and DI BAN Credits