Trout Creek Community Development District
www.troutcreekcdd.org

Adopted Budget
for Fiscal Year 2024/2025

Table of Contents

Page

General Fund Budget for Fiscal Year 2024/2025	1	
Reserve Fund Budget for Fiscal Year 2024/2025	4	
Debt Service Fund Budget for Fiscal Year 2024/2025	5	
Assessments Charts for Fiscal Year 2024/2025	6	
General Fund Budget Account Category Descriptions	9	
Reserve Fund Budget Account Category Descriptions	14	
Debt Service Fund Budget Account Category Descriptions	15	

Chart of Accounts Classification	
Budget for 2024/2025	
		
REVENUES		
		
Special Assessments		
Tax Roll*	$	3,097,753	
Off Roll*	$	492,539	
Contributions & Donations from Private Sources		
HOA Capital Transfer	$	125,000	
Other Miscellaneous Revenues		
Activity Fees	$	30,000	
Café Revenue	$	24,970	
Tennis Revenue Share Agreement	$	24,000	
HOA Water Utility Cost Share	$	45,000	
Facilities Rentals	$	35,000	
Special Events	$	20,000	
		
TOTAL REVENUES	$	3,894,262	
		
EXPENDITURES - ADMINISTRATIVE		
		
Legislative		
Supervisor Fees	$	14,000	
Financial & Administrative		
Administrative Services	$	5,512	
District Management	$	22,122	
District Engineer	$	30,000	
Disclosure Report	$	8,000	
Trustees Fees	$	15,000	
Assessment Roll	$	5,966	
Financial & Revenue Collections	$	5,682	
Accounting Services	$	22,122	
Auditing Services	$	4,100	
Arbitrage Rebate Calculation	$	1,800	
Public Officials Liability Insurance	$	2,550	
Legal Advertising	$	2,200	
Dues, Licenses & Fees	$	175	
Miscellaneous Fees	$	1,200	
ADA Website Hosting, Maintenance & Backup	$	3,700	
Legal Counsel		
District Counsel	$	65,000	
		
Administrative Subtotal	$	209,129	

Chart of Accounts Classification	
Budget for 2024/2025	
EXPENDITURES - FIELD OPERATIONS		
		
Law Enforcement		
Off -Duty Deputy / Security	$	35,000	
Electric Utility Services		
Utility Services Meters	$	11,000	
Utility - Recreation Facilities	$	70,000	
Street Lights	$	60,000	
Gas Utility Services		
Utility Services	$	2,000	
Garbage/Solid Waste Control Services		
Garbage - Recreation Facility	$	8,500	
Water-Sewer Combination Services		
Utility Services - Recreational Facilities	$	18,375	
Utility - Reclaimed	$	485,000	
Stormwater Control		
Aquatic Maintenance	$	49,000	
Stormwater System Maintenance	$	4,000	
Other Physical Environment		
General Liability & Property Insurance	$	95,000	
Entry & Walls Maintenance	$	4,500	
Landscape & Irrigation Maintenance	$	1,070,000	
Mulch	$	125,000	
Irrigation Repairs	$	35,000	
Landscape Replacement Plants, Shrubs, Trees	$	40,000	
Holiday Decorations	$	15,000	
Miscellaneous Expense	$	20,000	
Road & Street Facilities		
Amenity Lighting Repairs (Parking Lot & Decorative)	$	5,000	
Parks & Recreation		
Amenity Management Contract	$	21,648	
Lifeguards Contract	$	175,000	
Amenity Staffing Contract	$	860,400	
Licenses, Fees & Permits	$	11,462	
Fitness Equipment Maintenance/Repairs	$	6,482	
Fitness Equipment Lease	$	33,816	
Pool Maintenance Contract	$	46,400	

Amenity Maintenance & Repairs	
$	65,000	

Chart of Accounts Classification	
Budget for 2024/2025	
Television, Phone, Internet & Tech Support	$	12,000	

Amenity Janitorial Services Contract & Window Cleaning	
$	20,000	
Pool Chemicals	$	57,000	
Pest Control & Termite Bond	$	3,000	
Wildlife Management Services	$	2,500	
Security System Monitoring & Maintenance	$	4,000	
Access Control Maintenance & Repair	$	7,000	
Uniforms	$	2,000	
General Supplies - Office & Janitorial	$	25,000	
Tennis Court Maintenance & Supplies	$	7,500	
Tennis Center Management	$	24,000	
Café Materials	$	15,000	
Dog Waste Station Supplies	$	1,000	
Community Gardens Maintenance & Supplies	$	1,000	
Special Events		
Special Events	$	66,550	

Shuttle Service	
$	15,000	
Contingency		
Miscellanous Contingency	$	50,000	
		
Field Operations Subtotal	$	3,685,133	
		
TOTAL EXPENDITURES	$	3,894,262	
		
EXCESS OF REVENUES OVER EXPENDITURES	$	-	

Chart of Accounts Classification	
Budget for 2024/2025	
		
REVENUES		
		
Interest Earnings		
Interest Earnings	$	14,000	
Special Assessments		
Tax Roll*	$	252,627	
Off Roll*	$	40,699	
		
TOTAL REVENUES	$	307,326	
		
EXPENDITURES		
		
Contingency		

Capital Outlay	
$	307,326	
		
TOTAL EXPENDITURES	$	307,326	
		
EXCESS OF REVENUES OVER EXPENDITURES	
$	-	

Trout Creek Community Development District
5
Debt Service
Fiscal Year 2024/2025	

Chart of Accounts Classification	

Series 2015	

Series 2018	

Series 2020	

Series 2022	

Budget for 2024/2025	
						
REVENUES						
Special Assessments						
Net Special Assessments (1)	$1,391,795.06	$817,271.08	$241,444.09	$210,307.14	$2,660,817.37	
						
TOTAL REVENUES	$1,391,795.06	$817,271.08	$241,444.09	$210,307.14	$2,660,817.37	

EXPENDITURES						
Administrative						
Debt Service Obligation	$1,391,795.06	$817,271.08	$241,444.09	$210,307.14	$2,660,817.37	
Administrative Subtotal	$1,391,795.06	$817,271.08	$241,444.09	$210,307.14	$2,660,817.37	
						
TOTAL EXPENDITURES	$1,391,795.06	$817,271.08	$241,444.09	$210,307.14	$2,660,817.37	
						
EXCESS OF REVENUES OVER EXPENDITURES	$0.00	$0.00	$0.00	$0.00	$0.00	

St. Johns County Collection Costs (2%) and Early Payment Discounts (4%):	6.0%

GROSS ASSESSMENTS	$2,828,440.00

Notes:	
Tax Roll Collection Costs for St. Johns County are 6.0% of Tax Roll. Budgeted net of tax roll assessments. See Assessment Table.	

(1) Maximum Annual Debt Service less Prepaid Assessments received.

1.81%

$50.00

1.94%

$51.27

2.08%

$52.53

1.94%

$51.27

2.08%

$52.53

$2,818.86

$2,768.86

$2,697.23

$2,645.96

$2,575.60

$2,523.07

$2,697.23

$2,645.96

$2,575.60

$2,523.07

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT	6
FISCAL YEAR 2024/2025 O&M & DEBT SERVICE ASSESSMENT SCHEDULE

2024/2025 O&M Budget:		
St. Johns County Collection Costs:	2%	
Early Payment Discounts:	4%	

$3,883,618.00	
$82,630.17	
$165,260.34	

2023/2024 O&M Budget:	
2024/2025 O&M Budget:	

$3,034,025.00	
$3,883,618.00	

2024/2025 Total:	$4,131,508.51	Total Difference:	$849,593.00

Per Unit Annual Assessment Comparison

Proposed Increase / Decrease

Lot Size	Assessment Breakdown	

	
2023/2024

2024/2025

$

%

PLATTED

2.24%

$53.79

2.46%

$55.70

$2,453.97

$2,400.18

$2,321.53

$2,265.83

Series 2015 Assessment Area

Townhome	Series 2015 Debt Service	
	Operations/Maintenance	

$879.50	$879.50	
$1,386.33	$1,442.03	

$0.00	0.00%	
$55.70	4.02%	

Total

Single Family 40'	Series 2015 Debt Service	
	Operations/Maintenance	

$979.50	$979.50	
$1,420.68	$1,474.47	

$0.00	0.00%	
$53.79	3.79%	

Total

Single Family 50'	Series 2015 Debt Service	
	Operations/Maintenance	

$1,079.50	$1,079.50	
$1,443.57	$1,496.10	

$0.00	0.00%	
$52.53	3.64%	

Total

Single Family 60'	Series 2015 Debt Service	
	Operations/Maintenance	

$1,179.50	$1,179.50	
$1,466.46	$1,517.73	

$0.00	0.00%	
$51.27	3.50%	

Total

Single Family 70'	Series 2015 Debt Service	
	Operations/Maintenance	

$1,279.50	$1,279.50	
$1,489.36	$1,539.36	

$0.00	0.00%	
$50.00	3.36%	

Total

Single Family 80'	Series 2015 Debt Service	
	Operations/Maintenance	

$1,379.50	$1,379.50	
$1,512.25	$1,560.99	

$0.00	0.00%	
$48.74	3.22%	

Total

2.24%

$53.79

2.46%

$55.70

1.69%

$48.74

1.81%

$50.00

$2,453.97

$2,400.18

$2,321.53

$2,265.83

$2,940.49

$2,891.75

$2,818.86

$2,768.86

Series 2018 Assessment Area

Townhome	Series 2018 Debt Service	
	Operations/Maintenance	

$879.50	$879.50	
$1,386.33	$1,442.03	

$0.00	0.00%	
$55.70	4.02%	

Total

Single Family 40'	Series 2018 Debt Service	
	Operations/Maintenance	

$979.50	$979.50	
$1,420.68	$1,474.47	

$0.00	0.00%	
$53.79	3.79%	

Total

Single Family 50'	Series 2018 Debt Service	
	Operations/Maintenance	

$1,079.50	$1,079.50	
$1,443.57	$1,496.10	

$0.00	0.00%	
$52.53	3.64%	

Total

Single Family 60'	Series 2018 Debt Service	
	Operations/Maintenance	

$1,179.50	$1,179.50	
$1,466.46	$1,517.73	

$0.00	0.00%	
$51.27	3.50%	

Total

Single Family 70'	Series 2018 Debt Service	
	Operations/Maintenance	

$1,279.50	$1,279.50	
$1,489.36	$1,539.36	

$0.00	0.00%	
$50.00	3.36%	

Total

Townhome	Series 2020 Debt Service	
	Operations/Maintenance (1)	

$879.50	$879.50	
$66.17	$1,442.03	

$0.00	0.00%	
$1,375.86	2079.28%	

Single Family 40'	Series 2020 Debt Service	
	Operations/Maintenance (1)	

$979.50	$979.50	
$66.17	$1,474.47	

$0.00	0.00%	
$1,408.30	2128.31%	

Townhome (Direct Bill)	Series 2020 Debt Service	
	Operations/Maintenance (1)	

$879.50	$879.50	
$66.17	$1,442.03	

$0.00	0.00%	
$1,375.86	2079.28%	

Single Family 40' (Direct Bill)	Series 2020 Debt Service	
	Operations/Maintenance (1)	

$979.50	$979.50	
$66.17	$1,474.47	

$0.00	0.00%	
$1,408.30	2128.31%	

Townhome (Direct Bill)	Series 2022 Debt Service	
	Operations/Maintenance (1)	

$879.50	$879.50	
$66.17	$1,442.03	

$0.00	0.00%	
$1,375.86	2079.28%	

Single Family 50' (Direct Bill)	Series 2022 Debt Service	
	Operations/Maintenance (1)	

$1,079.50	$1,079.50	
$66.17	$1,496.10	

$0.00	0.00%	
$1,429.93	2160.99%	

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT	7

Lot Size	Assessment Breakdown	

FISCAL YEAR 2024/2025 O&M & DEBT SERVICE ASSESSMENT SCHEDULE

2024/2025 O&M Budget:		
St. Johns County Collection Costs:	2%	
Early Payment Discounts:	4%	

$3,883,618.00	
$82,630.17	
$165,260.34	

2023/2024 O&M Budget:	
2024/2025 O&M Budget:	

$3,034,025.00	
$3,883,618.00	

2024/2025 Total:			
$4,131,508.51		Total Difference:		$849,593.00	

			Per Unit Annual Assessment

2023/2024	Comparison

2024/2025		Proposed Increase /

$	Decrease

%	

Series 2020 Assessment Area								

	Total		$945.67	$2,321.53		$1,375.86	145.49%	

	Total		$1,045.67	$2,453.97		$1,408.30	134.68%	
								
FUTURE 2024 PLATS								

Series 2020 Assessment Area								

	Total		$945.67	$2,321.53		$1,375.86	145.49%	

	Total		$1,045.67	$2,453.97		$1,408.30	134.68%	

Series 2022 Assessment Area								

	Total		$945.67	$2,321.53		$1,375.86	145.49%	

	Total		$1,145.67	$2,575.60		$1,429.93	124.81%	

(1)	Assessed as Platted starting in FY 2024-2025. Lots platted after January 1, 2024 are not eligible for collection via the St. Johns County tax bill.	

						

						

					

					

					

					

					

					

						

						

						

						

					

					

					

					

					

					

						

						

						

					

					

					

						

						

					

					

					

						

						

					

					

					

						

TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT	8
FISCAL YEAR 2024/2025 O&M AND DEBT SERVICE ASSESSMENT SCHEDULE

				

				

				

				

					

		

.

TOTAL O&M BUDGET	
COLLECTION COSTS @	
EARLY PAYMENT DISCOUNT @	
TOTAL O&M ASSESSMENT	

2%	
4%	

$3,883,618.00	
$82,630.17	
$165,260.34	
$4,131,508.51	

UNITS ASSESSED	

LOT SIZE	

O&M	
SERIES 2015	SERIES 2018

DEBT SERVICE (1)  DEBT SERVICE (1)	
SERIES 2020

DEBT SERVICE (1)	
SERIES 2022

DEBT SERVICE (1)	
		
PLATTED			
Series 2015 Assessment Area					
Townhomes	243	241	0	0	0	
Single Family 40'	288	282	0	0	0	
Single Family 50'	410	395	0	0	0	
Single Family 60'	231	226	0	0	0	
Single Family 70'	185	163	0	0	0	
Single Family 80'	69	65	0	0	0	

Series 2018 Assessment Area					
Townhomes	243	0	243	0	0	
Single Family 40'	222	0	222	0	0	
Single Family 50'	153	0	152	0	0	
Single Family 60'	170	0	170	0	0	
Single Family 70'	57	0	57	0	0	
Series 2020 Assessment Area					
Townhomes	124	0	0	124	0	
Single Family 40'	1	0	0	1	0	
		
FUTURE 2024 PLATS (4)			
Series 2020 Assessment Area					
Townhomes	111	0	0	111	0	
Single Family 40'	50	0	0	50	0	

Series 2022 Assessment Area					
Townhomes	58	0	0	0	58	
Single Family 50'	167	0	0	0	160	

TOTAL COMMUNITY	
2782	
1372	844	
286	
218	

ALLOCATION OF RESERVE	$312,048.94	

EAU FACTOR	TOTAL EAU's	% TOTAL EAU's	TOTAL BUDGET	RESERVE PER LOT	

1.00	

243.00	

8.73%	

$27,256.61	

$112.17	
1.00	288.00	10.35%	$32,304.13	$112.17	
1.00	410.00	14.74%	$45,988.52	$112.17	
1.00	231.00	8.30%	$25,910.61	$112.17	
1.00	185.00	6.65%	$20,750.92	$112.17	
1.00	69.00	2.48%	$7,739.53	$112.17	

1.00	

243.00	

8.73%	

$27,256.61	

$112.17	
1.00	222.00	7.98%	$24,901.10	$112.17	
1.00	153.00	5.50%	$17,161.57	$112.17	
1.00	170.00	6.11%	$19,068.41	$112.17	
1.00	57.00	2.05%	$6,393.53	$112.17	

1.00	
124.00	
4.46%	
$13,908.72	
$112.17	
1.00	1.00	0.04%	$112.17	$112.17	

1.00	

111.00	

3.99%	

$12,450.55	

$112.17	
1.00	50.00	1.80%	$5,608.36	$112.17	

1.00	

58.00	

2.08%	

$6,505.69	

$112.17	
1.00	167.00	6.00%	$18,731.91	$112.17	
	
2782.00	
100%	
$312,048.94		

ALLOCATION OF EQUALIZED COSTS	$3,549,246.81	

EAU FACTOR	TOTAL EAU's	% TOTAL EAU's	TOTAL BUDGET	EQUALIZED PER LOT	

1.00	

243.00	

8.73%	

$310,016.89	

$1,275.79	
1.00	288.00	10.35%	$367,427.42	$1,275.79	
1.00	410.00	14.74%	$523,073.76	$1,275.79	
1.00	231.00	8.30%	$294,707.41	$1,275.79	
1.00	185.00	6.65%	$236,021.09	$1,275.79	
1.00	69.00	2.48%	$88,029.49	$1,275.79	

1.00	

243.00	

8.73%	

$310,016.89	

$1,275.79	
1.00	222.00	7.98%	$283,225.30	$1,275.79	
1.00	153.00	5.50%	$195,195.82	$1,275.79	
1.00	170.00	6.11%	$216,884.24	$1,275.79	
1.00	57.00	2.05%	$72,720.01	$1,275.79	

1.00	
124.00	
4.46%	
$158,197.92	
$1,275.79	
1.00	1.00	0.04%	$1,275.79	$1,275.79	

1.00	

111.00	

3.99%	

$141,612.65	

$1,275.79	
1.00	50.00	1.80%	$63,789.48	$1,275.79	

1.00	

58.00	

2.08%	

$73,995.80	

$1,275.79	
1.00	167.00	6.00%	$213,056.87	$1,275.79	
	
2782.00	
100%	
$3,549,246.81		

ALLOCATION OF STRATIFIED COSTS	$270,212.77	

EAU FACTOR	TOTAL EAU's	% TOTAL EAU's	TOTAL BUDGET	STRATIFIED PER LOT	

0.50	

121.50	

4.86%	

$13,139.17	

$54.07	
0.80	230.40	9.22%	$24,915.76	$86.51	
1.00	410.00	16.41%	$44,337.95	$108.14	
1.20	277.20	11.09%	$29,976.78	$129.77	
1.40	259.00	10.37%	$28,008.61	$151.40	
1.60	110.40	4.42%	$11,938.80	$173.03	

0.50	

121.50	

4.86%	

$13,139.17	

$54.07	
0.80	177.60	7.11%	$19,205.90	$86.51	
1.00	153.00	6.12%	$16,545.63	$108.14	
1.20	204.00	8.16%	$22,060.83	$129.77	
1.40	79.80	3.19%	$8,629.68	$151.40	

0.50	
62.00	
2.48%	
$6,704.76	
$54.07	
0.80	0.80	0.03%	$86.51	$86.51	

0.50	

55.50	

2.22%	

$6,001.84	

$54.07	
0.80	40.00	1.60%	$4,325.65	$86.51	

0.50	

29.00	

1.16%	

$3,136.10	

$54.07	
1.00	167.00	6.68%	$18,059.60	$108.14	
	
2498.70	
100%	
$270,212.77		

PER LOT ANNUAL ASSESSMENT	

O&M	SERIES 2015 DEBT SERVICE	

(2)	SERIES 2018 DEBT SERVICE	

(2)	SERIES 2020 DEBT SERVICE	

(2)	
SERIES 2022

DEBT SERVICE (2)	

TOTAL (3)	

$1,442.03	

$879.50	

$0.00	

$0.00	

$0.00	

$2,321.53	
$1,474.47	$979.50	$0.00	$0.00	$0.00	$2,453.97	
$1,496.10	$1,079.50	$0.00	$0.00	$0.00	$2,575.60	
$1,517.73	$1,179.50	$0.00	$0.00	$0.00	$2,697.23	
$1,539.36	$1,279.50	$0.00	$0.00	$0.00	$2,818.86	
$1,560.99	$1,379.50	$0.00	$0.00	$0.00	$2,940.49	

$1,442.03	

$0.00	

$879.50	

$0.00	

$0.00	

$2,321.53	
$1,474.47	$0.00	$979.50	$0.00	$0.00	$2,453.97	
$1,496.10	$0.00	$1,079.50	$0.00	$0.00	$2,575.60	
$1,517.73	$0.00	$1,179.50	$0.00	$0.00	$2,697.23	
$1,539.36	$0.00	$1,279.50	$0.00	$0.00	$2,818.86	

$1,442.03	
$0.00	
$0.00	
$879.50	
$0.00	
$2,321.53	
$1,474.47	$0.00	$0.00	$979.50	$0.00	$2,453.97	

$1,442.03	

$0.00	

$0.00	

$879.50	

$0.00	

$2,321.53	
$1,474.47	$0.00	$0.00	$979.50	$0.00	$2,453.97	

$1,442.03	

$0.00	

$0.00	

$0.00	

$879.50	

$2,321.53	
$1,496.10	$0.00	$0.00	$0.00	$1,079.50	$2,575.60	

LESS: St. John's County Collection Costs (2%) and Early Payment Discounts (4%):	($18,722.94)		($212,954.81)		($16,212.77)	
Net Revenue to be Collected:	$293,326.00		$3,336,292.00		$254,000.00	

(1)	Reflects the number of total lots with Series 2015, Series 2018, Series 2020 and Series 2022 debt outstanding, including fifty-two (52) Series 2015 Prepayments.	

(2)	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.	

(3)	Annual assessment that will appear on November 2024 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.	

(4)	Lots platted prior to January 1st, 2024 are eligible for collection via the property tax bill. Any lots platted after January 1st, 2024 will be direct billed. The District is anticipating being fully platted by the end of 2024.	

 GENERAL FUND BUDGET
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.