Southern Grove Community Development Districts #1-6

Proposed Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

3-4	PROPOSED BUDGET-RECAP CDD 1-6
5-6	PROPOSED BUDGET-RECAP CDD 1-6 FY21 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
19-20 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		
99.12873126	
636.7175128	
1247.018918	
1052.845337	
2557.108787	
1494.999405	
7087.818691	
ADMIN - ERU Percentage		1.40%	8.98%	17.59%	14.85%	36.08%	21.09%	1	
MAINT - ERUS		0	0	0	217.1365367	2291.291077	106.7986192	2615.226233	
MAINT - ERUS Percentage		0.00%	0.00%	0.00%	8.30%	87.61%	4.08%	1	

REVENUES										
ON-ROLL ASSESSMENTS - DEBT (2019 Bonds)	$	-	$	-	$	-	$	107,965.41	$	434,364.59		$	542,330.00	
ON-ROLL ASSESSMENTS - DEBT (2020 Bonds)		$	92,259.80		$	270,240.41		$	64,432.95		$	426,933.16	
ON-ROLL ASSESSMENTS - Operations		$	18,525.58	$	45,006.33	$	74,575.21	$	67,976.53		$	149,420.59		$	90,887.07		$	446,391.31	
ON-ROLL ASSESSMENTS - Maintenance		$	-	$	-	$	-	$	25,323.49		$	267,221.16		$	12,455.36		$	305,000.01	
STORMWATER		$	-	$	33,211.13		$	350,453.98		$	16,334.90		$	400,000.00	
TIM - DEVELOPER/BOND FUNDED				$	1,113,700.00				$	1,113,700.00	
CARRY OVER FUNDS FROM PRIOR YEAR	
Total Revenues		  $	-	$	-	$	-	$	-	
$	18,525.58	$	45,006.33	$	74,575.21	$	326,736.36		  $	-	
$ 2,585,400.73		  $	-	
$	184,110.28		  $	-	
$ 3,234,354.48	

EXPENDITURES - ADMIN			   							
ARBITRAGE REBATE FEE*		$	-	$	-	$	-	$	1,340.56		$	3,255.90		$	1,903.54		$	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	$	41.96	$	269.50	$	527.81	$	445.63	$	1,082.33	$	632.78	$	3,000.00	
DISTRICT COUNSEL	$	671.32	$	4,311.97	$	8,445.04	$	7,130.06	$	17,317.21	$	10,124.41	$	48,000.00	
MANAGEMENT	$	435.24	$	2,795.59	$	5,475.20	$	4,622.66	$	11,227.32	$	6,563.99	$	31,120.00	
ASSESSMENT ROLL	$	83.91	$	539.00	$	1,055.63	$	891.26	$	2,164.65	$	1,265.55	$	6,000.00	
TIF/SAD REBATE ANALYSIS	$	363.77	$	2,336.55	$	4,576.16	$	3,863.60	$	9,383.76	$	5,486.16	$	26,010.00	
DUES, LICENSES & FEES*	$	175.00	$	175.00	$	175.00	$	175.00	$	175.00	$	175.00	$	1,050.00	
ENGINEERING	$	2,447.51	$	15,720.71	$	30,789.21	$	25,995.01	$	63,135.65	$	36,911.91	$	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	$	53.15	$	341.36	$	668.57	$	564.46	$	1,370.95	$	801.52	$	3,800.00	
MISCELLANEOUS	$	27.97	$	179.67	$	351.88	$	297.09	$	721.55	$	421.85	$	2,000.00	
MEETING ROOM	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
TRAVEL AND PER DIEM	$	6.99	$	44.92	$	87.97	$	74.27	$	180.39	$	105.46	$	500.00	
OFFICE SUPPLIES	$	13.99	$	89.83	$	175.94	$	148.54	$	360.78	$	210.93	$	1,000.00	
OFFICE RENT	$	230.77	$	1,482.24	$	2,902.98	$	2,450.96	$	5,952.79	$	3,480.27	$	16,500.00	
POSTAGE & SHIPPING	$	6.99	$	44.92	$	87.97	$	74.27	$	180.39	$	105.46	$	500.00	
COPIES	$	34.96	$	224.58	$	439.85	$	371.36	$	901.94	$	527.31	$	2,500.00	
SUPERVISOR FEES*	$	800.00	$	800.00	$	800.00	$	800.00	$	800.00	$	800.00	$	4,800.00	
TRUSTEE SERVICES	$	-	$	-	$	-	$	1,443.68	$	3,506.35	$	2,049.97	$	7,000.00	
TIM - CAPITAL (Bond/Developer Funded)	$	-	$	-	$	-	$	-	$	720,000.00	$	-	$	720,000.00	
TOTAL ADMINISTRATIVE EXPENSES	$	17,043.53	$	41,405.83	$	68,609.19	$	62,538.41	$	857,466.94	$	83,616.10	$	1,130,680.00	

EXPENDITURES - MAINTENANCE		 	CDD 1	CDD 2	     	CDD 3	     	CDD 4		 	CDD 5		 	CDD 6		 	TOTAL		
AQUATIC MAINTENANCE	$	-	$	-	$	-	$	3,736.25	$	39,426.07	$	1,837.68	$	45,000.00	
BULDING MAINTENANCE	$	-	$	-	$	-	$	83.03	$	876.13	$	40.84	$	1,000.00	
TIM OPERATIONS (Bond/Developer Funded)	$	-	$	-	$	-	$	-	$	393,700.00	$	-	$	393,700.00	
CONTINGENCY	$	-	$	-	$	-	$	8,302.78	$	87,613.49	$	4,083.72	$	100,000.00	
ELECTRIC	$	-	$	-	$	-	$	2,075.70	$	21,903.37	$	1,020.93	$	25,000.00	
ENGINEERING - MAINT.	$	-	$	-	$	-	$	14,529.87	$	153,323.61	$	7,146.52	$	175,000.00	
FIELD MANAGEMENT	$	-	$	-	$	-	$	1,328.45	$	14,018.16	$	653.40	$	16,000.00	
FOUNTAIN MAINTENANCE & CHEMICALS	$	-	$	-	$	-	$	830.28	$	8,761.35	$	408.37	$	10,000.00	
IRRIGATION PARTS & REPAIRS	$	-	$	-	$	-	$	664.22	$	7,009.08	$	326.70	$	8,000.00	
IRRIGATION WATER	$	-	$	-	$	-	$	166.06	$	1,752.27	$	81.67	$	2,000.00	
LANDSCAPE MAINTENANCE	$	-	$	-	$	-	$	3,869.10	$	40,827.89	$	1,903.02	$	46,600.00	
MITIGATION MAINTENANCE	$	-	$	-	$	-	$	6,808.28	$	71,843.07	$	3,348.65	$	82,000.00	
PEST CONTROL	$	-	$	-	$	-	$	166.06	$	1,752.27	$	81.67	$	2,000.00	

ROAD CLEANING

$	-	$

-	$	-	$	-	$

-	$	-	$	-

SECURITY		$	-		$	-		$	-		$	3,321.11		$	35,045.40		$	1,633.49		$	40,000.00	
SIDEWALK CLEANING AND REPAIR		$	-		$	-		$	-		$	2,490.83		$	26,284.05		$	1,225.12		$	30,000.00	
SIGNAGE		$	-		$	-		$	-		$	830.28		$	8,761.35		$	408.37		$	10,000.00	
STORMWATER CONTROL		$	-		$	-		$	-		$	4,151.39		$	43,806.75		$	2,041.86		$	50,000.00	
STREETLIGHT MAINTENANCE AND REPAIR		$	-		$	-		$	-		$	166.06		$	1,752.27		$	81.67		$	2,000.00	
TREE/PLANT REPLACEMENT & TRIM		$	-		$	-		$	-		$	2,989.00		$	31,540.86		$	1,470.14		$	36,000.00	
TOTAL MAINTENANCE EXPENSES		$	-		$	-		$	-		$	56,508.74		$	989,997.44		$	27,793.82		$	1,074,300.00	
															
Total Expenditures		$	17,043.53		$	41,405.83		$	68,609.19		$	119,047.14		$ 1,847,464.38		$	111,409.93		$ 2,204,980.00	
															
EXCESS / (SHORTFALL)		$	1,482.05		$	3,600.50		$	5,966.02		$	207,689.22		$	737,936.35		$	72,700.35		$ 1,029,374.48	

2019 Bond Payments								
$	(99,328.18)		
$	(399,615.42)				
$	(498,943.60)	
2020 Bond Payments								$	(84,879.02)		$	(248,621.18)		$	(59,278.31)		$	(392,778.51)	
BALANCE		$	1,482.05		$	3,600.50		$	5,966.02		$	23,482.02		$	89,699.75		$	13,422.03		$	137,652.37	

COUNTY APPRAISER & TAX COLLECTOR FEE		
$	(741.02)		
$	(1,800.25)		
$	(2,983.01)		
$	(11,741.01)		
$	(44,849.87)		
$	(6,711.02)		
$	(68,826.18)	
DISCOUNTS FOR EARLY PAYMENTS		$	(741.02)		$	(1,800.25)		$	(2,983.01)		$	(11,741.01)		$	(44,849.87)		$	(6,711.02)		$	(68,826.18)	
NET EXCESS / (SHORTFALL)		$	-		$	-		$	-		$	-		$	-		$	-		$	-	
*District Specific

	FISCAL YEAR		FISCAL YEAR		
	2020/2021		2021/2022		
	 	ANNUAL BUDGET			     PROPOSED BUDGET 	  COMMENTS		
REVENUES	
ON-ROLL ASSESSMENTS - DEBT (2019 Bonds)		
542,330		
542,330		
ON-ROLL ASSESSMENTS - DEBT (2020 Bonds)		469,175		426,933	Bond Prepayments (Mostly Heron Preserve)	
ON-ROLL ASSESSMENTS - Operations		420,424		446,391		
ON-ROLL ASSESSMENTS - Maintenance		291,680		305,000		
STORMWATER		400,000		400,000	No Change	
TIM - DEVELOPER/BOND FUNDED		0		1,113,700	Developer/Bond Funded	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0		
Total Revenues		$	2,123,609		$	3,234,354		

EXPENDITURES - ADMIN	
ARBITRAGE FEE		
6,500		
6,500		
AUDIT*		36,000		36,000		
DISSEMINATION AGENT		3,000		3,000		
DISTRICT COUNSEL		48,000		48,000		
MANAGEMENT		30,690		31,120	2.3% CPI increase per SDS Contract	
ASSESSMENT ROLL		6,000		6,000		
TIF/SAD REBATE ANALYSIS		0		26,010	Per SDS Contract Addendum	
DUES, LICENSES & FEES*		1,050		1,050		
ENGINEERING		175,000		175,000		
GENERAL INSURANCE*		34,900		34,900		
WEB SITE MAINTENANCE*		4,500		4,500		
LEGAL ADVERTISING		3,800		3,800		
MISCELLANEOUS		2,000		2,000		
MEETING ROOM		3,300		0	No longer charged for meeting room	
TRAVEL AND PER DIEM		1,250		500		
OFFICE SUPPLIES		1,000		1,000		
OFFICE RENT		15,000		16,500	10% increase	
POSTAGE & SHIPPING		500		500		
COPIES		2,500		2,500		
SUPERVISOR FEES*		4,800		4,800		
RESERVE - MISCELLANEOUS		0		0		
FINANICIAL ADVISOR		0		0		
TRUSTEE SERVICES		7,000		7,000		
TIM - CAPITAL (Bond/Developer Funded)		0		720,000	Developer/Bond Funded	
TOTAL ADMIN EXPENSES		386,790		1,130,680		

		FISCAL YEAR		FISCAL YEAR		
		2020/2021		2021/2022		
		 	ANNUAL BUDGET			     PROPOSED BUDGET 	  COMMENTS		
EXPENDITURES - MAINT						
AQUATIC MAINTENANCE		30,000		45,000	Lake & Wetland Contract	
BULDING MAINTENANCE		1,000		1,000		
TIM OPERATIONS (Bond/Developer Funded)		1		393,700	Developer/Bond Funded	
CONTINGENCY		100,000		100,000		
ELECTRIC		25,000		25,000		
ENGINEERING - MAINT.		175,000		175,000		
FIELD MANAGEMENT		15,345		16,000	2.3% CPI increase per SDS Contract	
FOUNTAIN MAINTENANCE & CHEMICALS		10,000		10,000		
IRRIGATION PARTS & REPAIRS		8,000		8,000		
IRRIGATION WATER		2,000		2,000		
LANDSCAPE MAINTENANCE		40,000		46,600	Yellowstone Contract	
MITIGATION MAINTENANCE		82,000		82,000		
PEST CONTROL		2,000		2,000		
ROAD CLEANING		10,000		0		
SECURITY		40,000		40,000		
SIDEWALK CLEANING AND REPAIR		30,000		30,000		
SIGNAGE		10,000		10,000		
STORMWATER CONTROL		50,000		50,000		
STREETLIGHT MAINTENANCE AND REPAIR		2,000		2,000		
TREE/PLANT REPLACEMENT & TRIM		36,000		36,000		
HYDRILLA TREATMENT		0		0	Included in Lake & Wetland Contract	
TOTAL MAINTENANCE EXPENSES		668,346		1,074,300		
						
Total Expenditures		$	1,055,136		$	2,204,980		
						
EXCESS / (SHORTFALL)		$	1,068,473		$	1,029,374		

Series 2014 BAN Payments		
-		
-	
Retired	
2019 Bond Payments		(498,944)		(498,944)		
2020 Bond Payments		(431,641)		(392,779)		
BALANCE		$	137,889		$	137,652		

COUNTY APPRAISER & TAX COLLECTOR FEE		
(68,944)		
(68,826)		
DISCOUNTS FOR EARLY PAYMENTS		(68,944)		(68,826)		
NET EXCESS / (SHORTFALL)		$	-		$	-		

	FISCAL YEAR		FISCAL YEAR	
	2020/2021		2021/2022	
	 	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		16,817		18,526	
ON-ROLL ASSESSMENTS - Maintenance				0	
STORMWATER		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	16,817		$	18,526	

EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		0		0	
AUDIT*		6,000		6,000	
DISSEMINATION AGENT		29		42	
DISTRICT COUNSEL		468		671	
MANAGEMENT		299		435	
ASSESSMENT ROLL		58		84	
TIF/SAD REBATE ANALYSIS		0		364	
DUES, LICENSES & FEES*		175		175	
ENGINEERING		1,706		2,448	
GENERAL INSURANCE*		4,900		4,900	
WEB SITE MAINTENANCE*		750		750	
LEGAL ADVERTISING		37		53	
MISCELLANEOUS		19		28	
MEETING ROOM		32		0	
TRAVEL AND PER DIEM		12		7	
OFFICE SUPPLIES		10		14	
OFFICE RENT		146		231	
POSTAGE & SHIPPING		5		7	
COPIES		24		35	
SUPERVISOR FEES*		800		800	
RESERVE		0		0	
TOTAL ADMIN EXPENSES		15,472		17,044	

EXPENDITURES - MAINT

FISCAL YEAR	FISCAL YEAR
2020/2021	2021/2022
 	ANNUAL BUDGET		 	PROPOSED BUDGET	

AQUATIC MAINTENANCE	0	0
BULDING MAINTENANCE	0	0
TIM 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

$	15,472	$

17,044

 	 	

EXCESS / (SHORTFALL)

$	1,345	$

1,482

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

BALANCE

$	1,345	$

1,482

COUNTY APPRAISER & TAX COLLECTOR FEE	(673)	(741)
DISCOUNTS FOR EARLY PAYMENTS	(673)	(741)

NET EXCESS / (SHORTFALL)

*District Specific

$	-	$	-

	FISCAL YEAR		FISCAL YEAR	
	2020/2021		2021/2022	
	 	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		46,283		45,006	
ON-ROLL ASSESSMENTS - Maintenance		0		0	
STORMWATER		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	46,283		$	45,006	

EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		0		0	
AUDIT*		6,000		6,000	
DISSEMINATION AGENT		304		269	
DISTRICT COUNSEL		4,858		4,312	
MANAGEMENT		3,106		2,796	
ASSESSMENT ROLL		607		539	
TIF/SAD REBATE ANALYSIS		0		2,337	
DUES, LICENSES & FEES*		175		175	
ENGINEERING		17,711		15,721	
GENERAL INSURANCE*		5,300		5,300	
WEB SITE MAINTENANCE*		750		750	
LEGAL ADVERTISING		385		341	
MISCELLANEOUS		202		180	
MEETING ROOM		334		0	
TRAVEL AND PER DIEM		127		45	
OFFICE SUPPLIES		101		90	
OFFICE RENT		1,518		1,482	
POSTAGE & SHIPPING		51		45	
COPIES		253		225	
SUPERVISOR FEES*		800		800	
TRUSTEE SERVICES		0		0	
RESERVE		0		0	
TOTAL ADMIN EXPENSES		42,580		41,406	

		FISCAL YEAR		FISCAL YEAR	
		2020/2021		2021/2022	
		 	ANNUAL BUDGET			 	PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		0		0	
BULDING MAINTENANCE		0		0	
TIM 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		$	42,580		$	41,406	
					
EXCESS / (SHORTFALL)		$	3,703		$	3,601	

Series 2014 BAN Payments		
-		
-	
2019 Bond Payments		-		-	
2020 Bond Payments		-		-	
BALANCE		$	3,703		$	3,601	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(1,851)		
(1,800)	
DISCOUNTS FOR EARLY PAYMENTS		(1,851)		(1,800)	
NET EXCESS / (SHORTFALL)		$	-		$	-	
*District Specific					

		FISCAL YEAR		FISCAL YEAR	
		2020/2021		2021/2022	
		 	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		75,667		74,575	
ON-ROLL ASSESSMENTS - Maintenance		0		0	
STORMWATER		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	75,667		$	74,575	

EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		0		0	
AUDIT*		6,000		6,000	
DISSEMINATION AGENT		581		528	
DISTRICT COUNSEL		9,301		8,445	
MANAGEMENT		5,947		5,475	
ASSESSMENT ROLL		1,163		1,056	
TIF/SAD REBATE ANALYSIS		0		4,576	
DUES, LICENSES & FEES*		175		175	
ENGINEERING		33,910		30,789	
GENERAL INSURANCE*		5,300		5,300	
WEB SITE MAINTENANCE*		750		750	
LEGAL ADVERTISING		736		669	
MISCELLANEOUS		388		352	
MEETING ROOM		639		0	
TRAVEL AND PER DIEM		242		88	
OFFICE SUPPLIES		194		176	
OFFICE RENT		2,907		2,903	
POSTAGE & SHIPPING		97		88	
COPIES		484		440	
SUPERVISOR FEES*		800		800	
TRUSTEE SERVICES		0		0	
RESERVE		0		0	
TOTAL ADMIN EXPENSES		69,613		68,609	

		FISCAL YEAR		FISCAL YEAR	
		2020/2021		2021/2022	
		 	ANNUAL BUDGET			 	PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		0		0	
BULDING MAINTENANCE		0		0	
TIM 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		$	69,613		$	68,609	
					
EXCESS / (SHORTFALL)		$	6,054		$	5,966	

Series 2014 BAN Payments		
-		
-	
2019 Bond Payments		-		-	
2020 Bond Payments		-		-	
BALANCE		$	6,054		$	5,966	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(3,027)		
(2,983)	
DISCOUNTS FOR EARLY PAYMENTS		(3,027)		(2,983)	
NET EXCESS / (SHORTFALL)		$	-		$	-	
*District Specific					

		FISCAL YEAR		FISCAL YEAR	
		2020/2021		2021/2022	
		 	ANNUAL BUDGET			 	PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT (2019 Bonds)		107,965		107,965	
ON-ROLL ASSESSMENTS - DEBT (2020 Bonds)		95,415		92,260	
ON-ROLL ASSESSMENTS - Operations		74,502		67,977	
ON-ROLL ASSESSMENTS - Maintenance		15,958		25,323	
STORMWATER		21,885		33,211	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	315,725		$	326,736	

EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		1,672		1,341	
AUDIT*		6,000		6,000	
DISSEMINATION AGENT		537		446	
DISTRICT COUNSEL		8,587		7,130	
MANAGEMENT		5,490		4,623	
ASSESSMENT ROLL		1,073		891	
TIF/SAD REBATE ANALYSIS		0		3,864	
DUES, LICENSES & FEES*		175		175	
ENGINEERING		31,306		25,995	
GENERAL INSURANCE*		5,100		5,100	
WEB SITE MAINTENANCE*		750		750	
LEGAL ADVERTISING		680		564	
MISCELLANEOUS		358		297	
MEETING ROOM		591		0	
TRAVEL AND PER DIEM		224		74	
OFFICE SUPPLIES		179		149	
OFFICE RENT		2,683		2,451	
POSTAGE & SHIPPING		89		74	
COPIES		447		371	
SUPERVISOR FEES*		800		800	
TRUSTEE SERVICES		1,801		1,444	
RESERVE		0		0	
TOTAL ADMIN EXPENSES		68,542		62,538	

		FISCAL YEAR		FISCAL YEAR	
		2020/2021		2021/2022	
		 	ANNUAL BUDGET			 	PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		1,641		3,736	
BULDING MAINTENANCE		55		83	
TIM OPERATIONS		0		0	
CONTINGENCY		5,471		8,303	
ELECTRIC		1,368		2,076	
ENGINEERING - MAINT.		9,575		14,530	
FIELD MANAGEMENT		840		1,328	
FOUNTAIN MAINTENANCE & CHEMICALS		547		830	
IRRIGATION PARTS & REPAIRS		438		664	
IRRIGATION WATER		109		166	
LANDSCAPE MAINTENANCE		2,188		3,869	
MITIGATION MAINTENANCE		4,486		6,808	
PEST CONTROL		109		166	
ROAD CLEANING		547		0	
SECURITY		2,188		3,321	
SIDEWALK CLEANING AND REPAIR		1,641		2,491	
SIGNAGE		547		830	
STORMWATER CONTROL		2,736		4,151	
STREETLIGHT MAINTENANCE AND REPAIR		109		166	
TREE/PLANT REPLACEMENT & TRIM		1,970		2,989	
TOTAL MAINTENANCE EXPENSES		36,567		56,509	
					
Total Expenditures		$	105,108		$	119,047	
					
EXCESS / (SHORTFALL)		$	210,617		$	207,689	

Series 2014 BAN Payments		
-		
-	
2019 Bond Payments		(99,328)		(99,328)	
2020 Bond Payments		(87,781)		(84,879)	
BALANCE		$	23,507		$	23,482	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(11,754)		
(11,741)	
DISCOUNTS FOR EARLY PAYMENTS		(11,754)		(11,741)	
NET EXCESS / (SHORTFALL)		$	-		$	-	
*District Specific					

		FISCAL YEAR		FISCAL YEAR	
		2020/2021		2021/2022	
		 	ANNUAL BUDGET			 	PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT (2019 Bonds)		434,365		434,365	
ON-ROLL ASSESSMENTS - DEBT (2020 Bonds)		270,240		270,240	
ON-ROLL ASSESSMENTS - Operations		141,436		149,421	
ON-ROLL ASSESSMENTS - Maintenance		267,183		267,221	
STORMWATER		366,405		350,454	
TIM - DEVELOPER/BOND FUNDED		0		1,113,700	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	1,479,629		$	2,585,401	

EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		3,404		3,256	
AUDIT*		6,000		6,000	
DISSEMINATION AGENT		1,092		1,082	
DISTRICT COUNSEL		17,476		17,317	
MANAGEMENT		11,174		11,227	
ASSESSMENT ROLL		2,184		2,165	
TIF/SAD REBATE ANALYSIS		0		9,384	
DUES, LICENSES & FEES*		175		175	
ENGINEERING		63,715		63,136	
GENERAL INSURANCE*		9,000		9,000	
WEB SITE MAINTENANCE*		750		750	
LEGAL ADVERTISING		1,384		1,371	
MISCELLANEOUS		728		722	
MEETING ROOM		1,201		0	
TRAVEL AND PER DIEM		455		180	
OFFICE SUPPLIES		364		361	
OFFICE RENT		5,461		5,953	
POSTAGE & SHIPPING		182		180	
COPIES		910		902	
SUPERVISOR FEES*		800		800	
TRUSTEE SERVICES		3,666		3,506	
RESERVE		0		0	
FINANCIAL ADVISOR		0		0	
TIM - CAPITAL (Bond/Developer Funded)		0		720,000	
TOTAL ADMIN EXPENSES		130,121		857,467	

		FISCAL YEAR		FISCAL YEAR	
		2020/2021		2021/2022	
		 	ANNUAL BUDGET			 	PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		27,480		39,426	
BULDING MAINTENANCE		916		876	
TIM OPERATIONS		1		393,700	
CONTINGENCY		91,601		87,613	
ELECTRIC		22,900		21,903	
ENGINEERING - MAINT.		160,302		153,324	
FIELD MANAGEMENT		14,056		14,018	
FOUNTAIN MAINTENANCE & CHEMICALS		9,160		8,761	
IRRIGATION PARTS & REPAIRS		7,328		7,009	
IRRIGATION WATER		1,832		1,752	
LANDSCAPE MAINTENANCE		36,640		40,828	
MITIGATION MAINTENANCE		75,113		71,843	
PEST CONTROL		1,832		1,752	
ROAD CLEANING		9,160		0	
SECURITY		36,640		35,045	
SIDEWALK CLEANING AND REPAIR		27,480		26,284	
SIGNAGE		9,160		8,761	
STORMWATER CONTROL		45,801		43,807	
STREETLIGHT MAINTENANCE AND REPAIR		1,832		1,752	
TREE/PLANT REPLACEMENT & TRIM		32,976		31,541	
HYDRILLA TREATMENT		0		0	
TOTAL MAINTENANCE EXPENSES		612,213		989,997	
					
Total Expenditures		$	742,334		$	1,847,464	
					
EXCESS / (SHORTFALL)		$	737,295		$	737,936	

Series 2014 BAN Payments		
-		
-	
2019 Bond Payments		(399,615)		(399,615)	
2020 Bond Payments		(248,621)		(248,621)	
BALANCE		$	89,059		$	89,700	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(44,529)		
(44,850)	
DISCOUNTS FOR EARLY PAYMENTS		(44,529)		(44,850)	
NET EXCESS / (SHORTFALL)		$	-		$	-	
*District Specific					

		FISCAL YEAR		FISCAL YEAR	
		2020/2021		2021/2022	
		 	ANNUAL BUDGET			 	PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT (2019 Bonds)		0		0	
ON-ROLL ASSESSMENTS - DEBT (2020 Bonds)		103,520		64,433	
ON-ROLL ASSESSMENTS - Operations		65,719		90,887	
ON-ROLL ASSESSMENTS - Maintenance		8,539		12,455	
STORMWATER		11,711		16,335	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	189,489		$	184,110	

EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		1,424		1,904	
AUDIT*		6,000		6,000	
DISSEMINATION AGENT		457		633	
DISTRICT COUNSEL		7,311		10,124	
MANAGEMENT		4,674		6,564	
ASSESSMENT ROLL		914		1,266	
TIF/SAD REBATE ANALYSIS		0		5,486	
DUES, LICENSES & FEES*		175		175	
ENGINEERING		26,654		36,912	
GENERAL INSURANCE*		5,300		5,300	
WEB SITE MAINTENANCE*		750		750	
LEGAL ADVERTISING		579		802	
MISCELLANEOUS		305		422	
MEETING ROOM		503		0	
TRAVEL AND PER DIEM		190		105	
OFFICE SUPPLIES		152		211	
OFFICE RENT		2,285		3,480	
POSTAGE & SHIPPING		76		105	
COPIES		381		527	
SUPERVISOR FEES*		800		800	
TRUSTEE SERVICES		1,533		2,050	
RESERVE		0		0	
TOTAL ADMIN EXPENSES		60,462		83,616	

		FISCAL YEAR		FISCAL YEAR	
		2020/2021		2021/2022	
		 	ANNUAL BUDGET			 	PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		879		1,838	
BULDING MAINTENANCE		29		41	
TIM OPERATIONS		0		0	
CONTINGENCY		2,928		4,084	
ELECTRIC		732		1,021	
ENGINEERING - MAINT.		5,123		7,147	
FIELD MANAGEMENT		449		653	
FOUNTAIN MAINTENANCE & CHEMICALS		293		408	
IRRIGATION PARTS & REPAIRS		234		327	
IRRIGATION WATER		59		82	
LANDSCAPE MAINTENANCE		1,171		1,903	
MITIGATION MAINTENANCE		2,401		3,349	
PEST CONTROL		59		82	
ROAD CLEANING		293		0	
SECURITY		1,171		1,633	
SIDEWALK CLEANING AND REPAIR		878		1,225	
SIGNAGE		293		408	
STORMWATER CONTROL		1,464		2,042	
STREETLIGHT MAINTENANCE AND REPAIR		59		82	
TREE/PLANT REPLACEMENT & TRIM		1,054		1,470	
TOTAL MAINTENANCE EXPENSES		19,567		27,794	
					
Total Expenditures		$	80,029		$	111,410	
					
EXCESS / (SHORTFALL)		$	109,460		$	72,700	

Series 2014 BAN Payments		
-		
-	
2019 Bond Payments		-		-	
2020 Bond Payments		(95,238)		(59,278)	
BALANCE		$	14,222		$	13,422	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(7,111)		
(6,711)	
DISCOUNTS FOR EARLY PAYMENTS		(7,111)		(6,711)	
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 Assesable Acreage		1.6832					
Undeveloped Assessable Acreage	58.89302	1.6832	99.12873	100.00%	$	18,525.58	$	314.56	

Total	99.12873	100% $
CDD2

18,525.58

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 Assesable Acreage		1.6832					
Undeveloped Assessable Acreage	378.278	1.6832	636.7175	100.00%	$	45,006.33	$	118.98	

Total	636.7175	100% $
CDD3

45,006.33

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 Assesable Acreage		1.6832					
Undeveloped Assessable Acreage	740.862	1.6832	1247.0	100.00%	$	74,575.21	$	100.66	

Total	1247.019	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)

74,575.21

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 Assesable Acreage	129.0022	1.6832	217.1365	20.62%	$	19,241.99	$	149.16	
Undeveloped Assessable Acreage	496.5	1.6832	835.7	79.38%	$	74,058.03	$	149.16	

Total	1052.845	100% $
CDD5

93,300.02

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***	818	0.5	409	15.99%	$	66,640.29	$	81.47	
Retail Sq. Ft.***	63294	0.002	126.588	4.95%	$	20,625.58	$	0.33	
Office Sq. Ft. ***	155842	0.001	155.842	6.09%	$	25,392.07	$	0.16	
Research Sq.Ft.***	287445	0.001	287.445	11.24%	$	46,834.76	$	0.16	
Warehouse Sq.Ft. ***	411852	0.0001	41.1852	1.61%	$	6,710.50	$	0.02	
Hotel Rooms***	277	1	277	10.83%	$	45,132.91	$	162.93	
Hospital***	180	3	540	21.12%	$	87,984.74	$	488.80	
Developed Assesable Acreage	269.8615	1.6832	454.2309	17.76%	$	74,009.97	$	274.25	
Undeveloped Assessable Acreage	157.924	1.6832	265.8	10.40%	$	43,310.93	$	274.25	

Total	2557.109	100% $
CDD6

416,641.75

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 Assesable Acreage	63.44975	1.6832	106.7986	7.14%	$	7,382.50	$	116.35	
Undeveloped Assessable Acreage	824.7391	1.6832	1388.201	92.86%	$	95,959.93	$	116.35	

Total	1494.999	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)

103,342.43

PROPOSED DEBT SERVICE SERIES 2019 BONDS
SERIES 2020 BONDS
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

	FISCAL YEAR 2021/2022
ANNUAL BUDGET	

REVENUES			

Interest Income		0	
Net 2019 Bond Collections		498,944	
Net 2020 Bond Collections		392,779	
Total Revenues	$	891,722	

EXPENDITURES			

2019 Bond Payments		446,172	
2020 Bond Payments		426,403	
Miscellaneous / Extra Redemption (2019)		10,714	
Miscellaneous / Extra Redemption (2020)		8,434	
Total Expenditures	$	891,722	
			
Excess / (Shortfall)	$	-	

PROPOSED DEBT ASSESSMENTS FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

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