Turnbull Creek
Community Development District

Adopted Budget Fiscal Year 2013
July 24, 2012

Turnbull Creek
Community Development District

TABLE OF CONTENTS

General Fund

Summary of Revenues and Expenditures Narrative - Administrative and Maintenance
Debt Service Fund Budget Series 2005
Series 2006

Summary of Operating Capital

Page 1-2

Page 3-10

Page 11-12
Page 13-14

Page 15

1.300.36300.10000
1.3.361.1/1.3.369.102
1.300.36900.10300

Turnbull Creek Community Development District

Descri tion

Adopted Budget	ActualYTD	Projected	Adopted FY 2012		6 30 12		FY2012	FY 2013

Revenues

Maintenance Assessments Interest / Miscellaneous Amenities Revenue
ITotal Revenues
Expenditures
Administrative

$859,697
$400
$3,000
$863,097

$862,750	$862,750	$859,697
$1,079	$1,740	$500
$1,910	$2,710	$2,500
$865,739 $867,200 $862,697!

GeneralFund - Proposed Budget - FiscalYear 2013

$459

1.310.51300.11000	Supervisor Fees	$6,000	$4,800	$6,800	$6,000

1.310.51300.21000	FICA Expense

$367	$520	$459

1.310.51300.31100	Engineering (ETM)	$6,000	$5,915	$8,872	$6,000
1.310.51300.31200	Arbitrage (Grau)	$2,400	$600	$1,800	$1,800
1.310.51300.31300	Dissemination (Prager Sealy)	$7,000	$6,100	$6,100	$6,000
1.310.51300.31400	Trustee (US Bank)	$8,000	$0	$8,000	$8,000
1.310.51300.31500	Attorney (HGS)	$25,000	$31,393	$47,090	$30,000
1.310.51300.31700	Tax Roll Assessments (GMS)	$5,000	$5,000	$5,000	$5,000
1.310.51300.31800	Operating Reserves	$10,000	$0	$0	$0
1.310.51300.32200	Annual Audit (Berger, Toombs)	$3,700	$3,700	$3,700	$3,700
1.310.51300.34000	Management Fees (GM5)	$36,750	$27,563	$36,750	$38,600
1.310.51300.35100	Computer Time (GMS)	$1,000	$750	$1,000	$1,000

1.310.51300.42000	Postage	
1.310.51300.45000	Insurance (PGIT)	
1.310.51300.42500	Printing & Binding	
1.310.51300.48000	Legal Advertising	

1.310.51300.41000	Telephone	$210	$114	$164	$210
$900	$899	$1,038	$1,200
$7,000	$7,000	$7,000	$7,425

$609

$1,800	$1,746	$2,358	$2,540
$1,000	$1,000	$1,000
1.310.51300.49000	other Current Charges	$365	$379	$505	$510
1.310.51300.51000	Office Supplies	$156	$149	$194	$200
1.310.51300.54000	Dues, licenses & Subscriptions	$175	$175	$175	$175

ITotalAdministrative Expenses	$122,915	$97,258   $138,067   $119,819!
Amenity Center
1.320.57200.45000	Insurance (PGIT)	$14,172	$12,404	$12,404	$15,185

1.330.57200.63100	Repairs & Replacements	
1.330.57200.51100	Recreational Passes	
1.330.57200.60000	capital Outlay	
1.330.57200.42000	Postage	
1.330.57200.42500	Printing & Binding	

1.330.57200.46600	Pest Control (Turner Pest Control)	$1,320	$2,150	$2,705	$2,705
$14,000	$19,753	$22,972	$22,000
$1,200	$502	$502	$1,200
$51,829	$51,829	$48,699

$50

$200	$105	$165	$200
$100	$0	$0

1.330.57200.51000	Office Supplies	$1,415	$1,083

$1,700

$375

1.330.57200.49000	Other Current Charges	$300	$0	$150	$300

1.330.57200.49300	Permit Fees	$350	$375
Utilities

$375

1.330.57200.43300	Water & Sewer (St Johns County)	$12,700	$9,456	$13,436	$15,000
1.330.57200.43200	Electric (FPL)	$33,800	$24,290	$32,900	$36,172
1.330.57200.41000	Telephone/Internet (Comcast)	$4,500	$3,703	$4,304	$2,400 1.330.57200.43100	cable (DIRECTV)	$1,200		$787		$890	$1,325

Turnbull Creek Community Development District
General Fund • Proposed Budget• Fiscal Year 2013

	Descri tion

Management Contracts	FY 2012	6 30 12	FY2012	FY 2013	
1.330.57200.34600	Pool Attendants/Lifeguards (ASG)	$25,350	$8,390	$25,350	$27,670	

Adopted Budget	Actual YTD

Projected

Adopted

1.330.57200.34000
1.330.57200.34300
1.330.57200.34100
1.330.57200.46400
1.330.57200.46500
1.330.57200.34200
1.330.57200.44900
1.330.57200.34500
1.330.57200.49400
1.330.57200.61000
1.330.57200.34700

1.320.53800.43300
1.320.53800.46100
1.320.53800.46800
1.320.53800.46600
1.330.57200.63200
1.320.57200.43400
1.320/330.57200.49100
1.330.57200.64000

Facility Management (ASG) Facility Attendants (ASG) Field Operations (ASG) Pool Maintenance (ASG) Pool Chemicals
Janitorial Services (ASG)
Refuse Service (Waste Management) Security
Special Events Maintenance Reserves
Program Director/Pool Monitor
ITotalAmenitv Center Exeenses
Grounds Maintenance
Electric (FPL) Streetlighting (FPL)
Lake Maintenance (Charles Aquatics) landscape Maintenance (Austin Outdoors) Miscellaneous
Irrigation Repairs Contingency capital Reserves
ITotalGrounds Maintenance Exeem
!TOTAL EXPENDITURES
IEXCESS REVENUES l{EXPENDITURES

$54,795	$41,096
$15,892	$11,919
$37,050	$27,788
$15,112	$11,334
$10,400	$7,093
$9,000	$7,437
$3,800	$3,453
$700	$280
$8,000	$7,880
$3,000	$6,157
$9,891	$5,811

f330,076	f258,381

$6,500	$3,351
$28,000	$20,258
$19,800	$14,850
$254,044	$193,294
$4,500	$1,589
$7,500	$4,000
$40,482	$0
$49,280	$0

f410,106	f237,342
f863,097	f592,981
f0	f272,756

Net Assessments
Add: Discounts &. Collections
Gross Assessments
Phase I Lots Phase II Lots
Total Lots
Per Unit Assessment

2

$54,795
$15,893
$37,050
$15,112
$10,334
$9,612
$4,653
$280
$8,000
$6,157
$9,891

f341,402

$4,651
$27,029
$19,800
$255,256
$2,589
$6,500
$0
$0
f315,825 f795,293 f71,906

FY2012
$ 859,697
$  54,849
$ 914,546

219
959
$  953.65

$54,795
$15,892
$37,050
$15,112
$10,400
$9,612
$4,700
$280
$11,000
$3,000
$9,818

f346,640

$5,500
$28,000
$19,800
$272,676
$4,500
$7,500
$9,928
$48,334
f396,23BI fs62,691I
fol FY2013

$859,697
$914,546
740
219
959
$ 953,65

Turnbull Creek
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2013

REVENUES:

Maintenance Assessments
The District will levy a non ad-valorem special assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year.
Interest Income
Maintenance Assessment income of the District will be invested in accordance with Florida Statutes and the investment guidelines approved by the Board of Supervisors.
Amenities Revenues
Income derived from Special Events benefitting the District.

EXPENDITURES:

Administrative:

Supervisor Fees
Florida Statutes allow each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon five supervisors attending an estimated 6 annual meetings.
FICA Expense
FICA expense represents the Employer's (District's) share of Social Security and Medicare taxes withheld from the fee paid to the Board of Supervisors.
Engineering

The District's engineering firm, England, Thims & Miller, Inc., may provide general engineering services to the District, including attendance and preparation for monthly board meetings, review invoices, etc.
Arbitrage
The District is required to have an annual arbitrage rebate calculation prepared for its Series 2005 and the Series 2006, Special Assessment Bonds. Grau & Associates currently provides this calculation.

3

Turnbull Creek Community Development District
GENERAL FUND BUDGET
Fiscal Year 2013

Dissemination Agent
The Annual Disclosure Report prepared by Prager, Sealy and required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)- 12(b)(5), which relates to additional reporting requirements for un-rated bond issues.
Trustee
The District's Series 2005 and Series 2006, Special Assessment Bonds are held by a Trustee with US Bank. This amount represents the annual fee for the administration of the District's bond issues.
Attorney
The District's legal counsel, Hopping Green & Sams, will provide general legal services to the District, i.e. attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.
Tax Roll Assessments
GMS, LLC serves as the District's collection agent and ce1tifies the District's non­ ad valorem assessments with the county tax collector.
Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Ce1tified Public Accounting Firm. Berger, Toombs currently serves as the District's Independent Auditor.
lvfanagement Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC.
Computer Time

The District processes all of its financial activities, i.e., accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services, LLC.
Telephone
Telephone and fax machine
Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc
4

Turnbull Creek
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2013

Insurance (General Liability)
The District's General Liability & Public Officials Liability Insurance policy is with Preferred Governmental Insurance Trust. PGIT specializes in providing insurance coverage to governmental agencies. The premium is based upon amounts charged to similar Community Development Districts.
Printing& Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.
Legal Advertising
The District is required to adve1tise various notices for monthly Board meetings, public hearings etc and uses The St. Augustine Record.
Other Current Charges
Bank charges and any other miscellaneous expenses incurred during the year.
Office Supplies
Miscellaneous office supplies.
Dues. Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Community Affairs for $ I75. This is the only expense under this category for the District.
Amenity Center:
Insurance (Property)
The District's property Insurance policy is with Preferred Governmental Insurance Trust. PGJT specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity Center.
Pest Control
The district purchases pest control services to treat for termites and other insects and purchases a termite bond.
Repair & Replacements
The District has facility maintenance needs which include surrounding recreational areas, mail kiosk, and lake banks whose cost is not otherwise covered under a contractual agreement.
5

Turnbull Creek
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2013

Recreational Passes
Represents the estimated cost for access cards to the District's Amenity Center

Capital Outlay
Capital expenditures the District may need to make for amenities during the Fiscal Year for items other than general maintenance and with an expected life greater than one-year.

Postage
Mailing amenity notices to residents.

Printing & Binding
Printing related to amenity services.

Office Supplies
Represents any supplies needed for the operation ofthe Amenity Center.

Other Current Charges
Any unanticipated cost to the Amenity Center

Permit Fees
Represents Permit Fees paid to the Department of Health for the swimming pool.

Water & Sewer

The cost of water/ sewer associated at the Amenity Center from St Johns County Utility Department.

Account Number
515577-114371	Description
101 W Positano Ave - Water	
$	Monthly
569	
$	Annual
6,828	
532445-124596	123 E Franchetta Dr - Water	$	33	$	390	
532445-124406	4106 Messina Dr - Water	$	31	$	376	
515577-114371	101 W Positano Ave - Sewer	$	468	$	5,621	
532445-124596	123 E Franchetta Dr - Sewer	$	28	$	340	
	Contingency	$	120	$	1,445	
	Total	'$	1,250	'$	15,000	

6

Electric

Turnbull Creek
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2013

The cost of electric at the Amenity Center supplied from FPL.

Account Number 2722888282
6889119035

Description
101 W Positano Ave 101 W Positano Ave #1 Contingency
Total

Monthly

$
$
$
$

2,218
460

3,014

Annual
$	26,611
$	5,520
$	4,041
$	36,172

337

Telephone/Cable/Internet
The Amenity Center currently is using AT&T for telephone service for one line. It will switch to Comcast for Telphone/Cable/Internet.

Account Number

Description Comcast DirecTV Total

Monthly
$
$
$

Annual

200
110
310

$
$
$

2,400
1,325
3,725

Pool Attendants/Lifeguards

The District is under contract with Amenity Services Group and this is the cost to provide pool attendants (lifeguards) during the operating season for the pool.

Facility Management
The District is under contract with Amenity Services Group for a variety of clubhouse services including an onsite Manager.

Facilitv Attendants
The District is under contract with Amenity Services Group to provide recreational activities at the Amenity Center and will have on-site personnel during daily hours of operation.

Field Operations
The District is under contract with Amenity Services Group to provide field operations & contract administration services.

Pool 1Haintenance
The District is under contract with Amenity Services Group for the maintenance of the Amenity Center swimming pool and facilities.
7

Turnbull Creek Community Development District
GENERAL FUND BUDGET
Fiscal Year 2013

Pool Chemicals
The District, through Poolsure, Inc, is provided chemicals necessary for the maintenance of the Amenity Center swimming pool.
Janitorial Services
The District is under contract with Environmental Control to have janitorial services provided for the Amenity Center.
Refi1se Service
Garbage disposal service is with Southland Waste Systems.
Security
The District is provided security monitoring for the Amenity Center.
Special Events
Represents estimated costs for the District to host special events for the community throughout the Fiscal Year.
Maintenance Reserves
The District will establish a Maintenance reserve to fund the renewal and replacement of District's capital related facilities.
Program Director/Pool Monitor
The District will provide a part-time Program Director & Pool Monitor uder the Amenity Service Group contract in order to facilitate activities provided by ASG.
Ground Maintenance:
Electric - Common Area
The cost of electricity for signage lighting and entry feature lighting for the District.

8

Turnbull Creek
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2013

Account Number	Description	Monthly	Annual Amount	
9623601409	i	100 Terrancina Dr # Light	$	47	$	564	
9561370132	100 W Positano Ave	$	138	$	1,652	
5841524282	111 W Positano Ave # Kiosk	$	18	$	211	
8189715355	168 Toscana Lane	$	71 	$	850	
2781798307	5085 State Road 16 # Light	$	9	$	109	
5191830404	5335 San Giaconio	$	23	$	272	
6555783429	5335 State Rd 16 #1	$	131	$	1,568	
5907098254	90 E Franchetta Ln # Light	$	9	$	107	
	Contingency	$	14	$	167	
	Total	$	458	$	5,500	

Street Lighting

The District street lighting cost for the community.

Account Number	Description	Monthly	Annual Amount	
2298893591	W Bonaventure Way	$	2,155	$	25,859	
4217317033	Verona Way	$	65	$	780	
	Contingency	$	113	$	1,361	
	Total	$	2,333	$	28,000	

Lake lviaintenance

The District has 22 storm water management ponds that are required by the County and the St. Johns River Water Management District to provide for treatment of storm water runoff. The District is under contract with Charles Aquatics, Inc. to maintain the 22 storm water ponds.

Charles Aquatics

Monthly

$	1,650

Annual Amount
$	19,800

Landscape Alaintenance

Monthly
$	22,723

Annual Amount

$

272,676

The District is under contract with Austin Outdoors to have the landscaping of the common areas ofthe District maintained.

Austin Outdoors

9

Turnbull Creek
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2013

Miscellaneous
Any unanticipated and unscheduled maintenance cost to the District.
Irrigation Repairs
Miscellaneous irrigation repairs and maintenance.
Contingency
A contingency for any unanticipated cost to the District
Capital Reserves
Future funding needed for the upkeep of Turnbull Creek infrastructure.

10

Turnbull Creek
Community Development District

Debt Service Fund
Series 2005

Description

Adopted
Budget FY 2012

-June 3-0,-2012

Actual YTD

Projected FY 2012

-Budget FY 2013

Adopted

Revenues

Carry Forward Surplus Interest Income Assessments

Total Revenues

Series 2005

Expenditures

$416,390
$1,000

$1,492,820

$1,555,915

$1,556,523

$1,475,477

$1,075,430

$475,942
$1,314
$1,079,267

$399,219
$800
$1,075,458

Interest 11/1 Interest 5/1 Principal 5/1 Special Call 5/1
Qther Sources & Uses

Interfund Transfer Out(In)

Total Expenditures

EXCESS REVENUES / (EXPENDITURES)

$403,535
$403,535
$275,000
$0

$12,855

$403,535
$403,535
$275,000
$5,000

$70,051

$403,535
$403,535
$275,000
$5,000

$70,234

$395,560
$395,560
$290,000
$0

$3,659

$1,094,925

$1,157,121

$1,157,304

$1,084,779

$397,895

$398,793

$399,219

$390,698

Debt Service for 11/01/2013:

Add: Discounts and Collections (6%)
Gross Assessments

Net Assessments

Total	$387,150.00
DEBT AS ISSUED
$1,093,185
$69,745
$1,162,930

WITH PAYOFFS
$1,075,458 568.646

$1,144.104

Interest

$387,150.00

11 

DATE

BALANCE

RATE

PRINCIPAL

INTEREST

TOTAL

Not updated

05/01/10	s
11/01/10	s
05/01/11	s
11/01/11	s

�

05/01/12	s

11/01/12	s
05/01/13	s
11/01/13	s
05/01/14	s
11/01/14	s
05/01/15	s

Tu rnbull Creek Community Development District Series 2005 Special Assessment Bonds
AMORTIZATION SCHEDULE

14,420,000.00	5.80%	s	245,000.00	
14,175,000.00	5.80%		
14,1 75,000.00	5.80%	s	260,000.00	
13,915,000.00	5.80%		
13,91 5,000.00	5.80%	s	275,000.00	
1 3,640,000.00	5.80%		
13,640,000.00	5.80%	s	290,000.00	
13,350,000.00
13,350,000.00	5.80%
5.80%	s	
31 0,000.00	
1 3,040,000.00	5.80%			
13,040,000.00	5.80%	$	325,000.00	

s	418,180.00
s	411 ,075.00     s	1, 074,255.00
s	411 ,075.00
s	403,535.00      s	1 ,074,610.00

]

s
s	1 ,074-,095.00
1   ,072,710.00	
s	1 ,075,310.00	
s	1 ,071 ,895.00	
s	1 ,072,465.00	
s	1 ,076,730.00	
s	1 ,074,690.00	
s	1 ,076,345.00	
s	1,071 ,695.00	
s	1 ,075,595.00	
s	1,072,900.00	
s	1,073,610.00	
s	1,072,580.00	
s	1,074,665.00	
s	1,074,720.00	
s	1,072,745.00	
s	1 ,073,595.00	
$	1 ,072,125.00	
s	
1 ,073,190.00	
s	1 ,076,500.00	
$	1,072,055.00	
s	
1,074,710.00	
$	1,074,175.00	
$	1,075,305.00	
$	27,923,270.00	

s	403,535.00
$	395,560.00
s	395,560.00
s	387,150.00
s	387,150.00
s	378,160.00
s	378,160.00

11/01/15	s	12,71 5,000.00	5.80%	s	368,735.00
05/01/16	s	12,71 5,000.00	5.80%	s	345,000.00      s	368,735.00
11/01/16	s	12,370,000.00	5.80%	s	358,730.00
05/01/17	s	12,370,000.00	5.80%	s	370,000.00    $	358,730.00
11/01/17	s	12,000,000.00	5.80%	s	348,000.00
05/01/18	$	12,000,000.00	5.80%	s	390,000.00    s	348,000.00
11/01/18	s	11,610,000.00	5.80%	s	336,690.00
05/01/19	s	11,610,000.00	5.80%	s	415,000.00    $	336,690.00
11/01/19	s	11,1 95,000.00	5.80%	s	324,655.00
05/01/20	s	11,1 95,000.00	5.80%	s	435,000.00    s	324,655.00
11/01/20	$	10,760,000.00	5.80%	s	312,040.00
05/01/21	s	10,760,000.00	5.80%	s	465,000.00    s	312,040.00
11 /01/21	s	10,295,000.00	5.80%	$	298,555.00
05/01/22	s	10,295,000.00	5.80%	$	490,000.00    s	298,555.00
11/01/22	s	9,805,000.00	5.80%	$	284,345.00
05/01/23	$	9,805,000.00	5.80%	$	520,000.00    $	284,345.00
11/01/23	s	9,285,000.00	5.80%	$	269,265.00
05/01/24	$	9,285,000.00	5.80%	$	550,000.00   $	269,265.00
11/01/24	$	8,735,000.00	5.80%	$	253,315.00
05/01/25	s	8,735,000.00	5.80%	s	585,000.00     s	253,315.00
11/01/25	$	8,1 50,000.00	5.80%	s	236,350.00
05/01/26	$	8,1 50,000.00	5.80%	s	620,000.00     $	236,350.00
11/01/26	s	7,530,000.00	5.80%	s	218,370.00
05/01/27	$	7,530,000.00	5.80%	s	655,000.00    s	21 8,370.00
11/01/27	s	6,875,000.00	5.80%	s	199,375.00
05/01/28	s	6,875,000.00	5.80%	s	695,000.00    s	1 99,375.00
11/01/28	s	6,1 80,000.00	5.80%	s	179,220.00
05/01/29	$	6,1 80,000.00	5.80%	s	735,000.00    s	179,220.00
11/01/29	$	5,445,000.00	5.80%	s	157,905.00

05/01/30	s	5,445,000.00	5.80%	$	780,000.00    $	157,905.00
11/01/30	s	4,665,000.00	5.80%	$	135,285.00
05/01/31	$	4,665,000.00	5.80%	$	830,000.00    s	135,285.00
11/01/31	s	3,835,000.00	5.80%	$	111 ,215.00
05/01/32	$	3,835,000.00	5.80%	s	875,000.00    $	111,215.00
11/01/32	s	2,960,000.00	5.80%	s	85,840.00
05/01/33	s	2,960,000.00	5.80%	s	930,000.00     s	85,840.00
11/01/33	s	2,030,000.00	5.80%	s	58,870.00
05/01/34	s	2,030,000.00	5.80%	$	985,000.00    $	58,870.00
11/01/34	s	1 ,045,000.00	5.80%	s	30,305.00

12

$

14,420,000.00

$

13,503,270.00

05/01/35	s	1 ,045,000.00	5.80%	$	1,045,000.00    $	30,305.00

Turnbull Creek
Community Development District

Debt Service Fund
Series 2006

Description

Adopted Budget FY 2012

ActualYTD June 30, 2012

Projected FY2012

Adopted Budget FY 2013

Revenues
carry Forward Surplus Interest Income Assessments Prepayment

TotalRevenues

Series 2006A

Expenditures

$170,141
$200
$323,269

$199,262
$216
$320,714

$493,610

$520,192

$522,781

$443,106

$0

$199,262
$250
$323,269
$0

$123,316
$200
$319,591
$0

Interest 11/1 Special call 11/1 Interest 5/1 Principal 5/1

Other Sources & Uses
Interfund Transfer Out Other Debt Service Cost
Total  Expenditures
EXCESS REVENUES/ (EXPENDITURES)

$119,569
$40,000
$119,569
$85,000

$10,573

$374,711
$118,900

$399,406
$120,787

$399,466
$123,316

$329,341
$113,766

$0

$119,569
$50,000
$118,256
$85,000

$26,581
$0

$119,569
$50,000
$118,256
$85,000

$26,641
$0

$116,025
$3,000
$116,025
$90,000

$4,290
$0

Interest

Total

$113,662.50
$113,662.50

Net Assessments
Add: Discounts and Collections (6%) Gross Assessments

$319,591 520.390
$339 981

Debt Service for 11/01/2013:

13 

Turnbull Creek Community Development District Series 2006 Special Assessment Bonds
AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL
11/01/11	$	4,505,000.00	5.25%
05/01/12	$	4,505,000.00	5.25%	$	85,000.00	$	118,256.25		

						

							

		

		

			
								
11/01/12	$	4,420,000.00	5.25%	$	116,025.00  $	319,281.25
05/01/13	$	4,420,000.00	5.25%	$	90,000.00 $	116,025.00
11/01/13	$	4,330,000.00	5.25%	$	113,662.50 $	319,687.50
05/01/14	$	4,330,000.00	5.25%	$	90,000.00  $	113,662.50
11/01/14	$	4,240,000.00	5.25%	$	111 ,300.00 s	314,962.50
05/01/15	$	4,240,000.00	5.25%	$	95,000.00 $	111 ,300.00
11/01/15	$	4,145,000.00	5.25%	$	108,806.25 $	315,106.25

$	100,000.00	
s	11 0,000.00	
s	11 5,000.00	
$	120,000,00	
s	125,000.00	
s	135,000.00	
$	140,000.00	
$	150,000.00	
s	155,000.00	
s	165,000.00	
s	175,000.00	

05/01/16	$	4,145,000.00	5.25%

s	108,806.25

11/01/16	$	4,045,000.00	5.25%	s	106,181.25  s	314,987.50
05/01/17	s	4,045,000.00	5.25%	s	106,181.25
11/01/17	s	3,935,000.00	5.25%	s	103,293.75  s	319,475.00
05/01/18	$	3,935,000.00	5.25%	$	103,293.75
11/01/18	$	3,820,000.00	5.25%	$	100,275.00   $	318,568.75

05/01/19	s	3,820,000.00	5.25%

$	100,275.00

11/01/19	s	3,700,000.00	5.25%	s	97,125.00   s	317,400.00

05/01120	$	3,700,000.00	5.25%	$	97,125.00
11/01/20	$	3,575,000.00	5.25%	s	93,843.75   $	315,968.75
05/01/21	s	3,575,000,00	5.25%	s	93,843.75
11/01/21	s	3,440,000.00	5.25%	s	90,300.00   s	319,143.75

05/01/22	s	3,440,000.00	5.25%

$	90,300.00

11/01/22	s	3,300,000.00	5.25%	$	86,625.00   $	316,925.00

s	319,312.50	
$	316,306.25	
s	317,906.25	
s	318,981.25	
s	319,531.25	
s	314,687.50	
s	319,318.75	

05/01/23	s	3,300,000.00	5.25%	s	86,625.00
11 /01/23	$	3,150,000.00	5.25%	s	82,687.50

05/01/24	$	3,150,000.00	5.25%

s	82,687.50

11/01/24	s	2,995,000.00	5.25%	s	78,618.75

2,995,000.00	5.25%		
2,830,000.00	5.25%		
2,830,000.00	5.25%		

05/01/25	s
11/01/25	s
05/01/26	s

$	78,618.75
s	74,287.50
$	74,287.50

11/01/26	$	2,655,000.00	5.25%	$	69,693.75
05/01/27	s	2,655,000.00	5.25%	s	185,000.00   s	69,693.75
11/01/27	s	2,470,000.00	5.25%	$	64,837.50
05/01/28	$	2,470,000.00	5.25%	$	190,000.00   s	64,837.50
11/01/28	s	2,280,000.00	5.25%	s	59,850.00
05/01/29	$	2,280,000.00	5.25%	$	205,000.00   s	59,850.00
11/01/29	s	2,075,000.00	5.25%	s	54,468.75
05/01/30	$	2,075,000.00	5.25%	$	215,000.00   $	54,468.75
11/01/30	$	1, 860,000.00	5.25%	48,825.00   s	318,293.75
05/01/31	$	1, 860,000.00	5.25%	$	225,000.00   $	48,825.00
11/01/31	$	1 ,635,000.00	5.25%	s	42,918.75   $	316,743.75
05/01/32	s	1 ,635,000.00	5.25%	s	235,000.00    $	42,918.75
11/01/32	$	1 ,400,000.00	5.25%	$	36,750.00   $	314,668.75
05/01/33	$	1 ,400,000.00	5.25%	$	250,000.00   s	36,750.00
11/01/33	$	1,150,000.00	5.25%	$	30,1 87.50   $	316,937.50
05/01/34	$	1,150,000.00	5.25%	$	265,000.00   $	30,1 87.50
11 /01/34	$	885,000.00	5.25%	s	23,231.25   $	318,418.75
05/01/35	$	885,000.00	5.25%	s	280,000.00   $	23,231.25
11/01/35	$	605,000.00	5.25%	$	15,881.25  s	319,112.50
05/01/36	s	605,000.00	5.25%	$	295,000.00   s	15,881.25
11/01/36	$	31 0,000.00	5.25%	$	8,137.50  $	319,018.75
05/01/37	$	310,000.00	5.25%	$	310,000.00   $	8,137.50  $	318,137.50
$	4,505,000.00    $	3,753,881.25   $	8,258,881.25 1
14

TURNBULL CREEK COMMUNITY DEVELOPMENT DISTRICT EXHIBIT "A"

ALLOCATION OF OPERATING RESERVES ESTIMATED FUNDS AVAILABLE
Beginning General Fund Balance - Fiscal Year 201 2	$	394,210 	
Estimated Excess General Revenues - Fiscal Year 2012	$	71 ,906	
Total Estimated Funds Available - 9/30/1 2	$	466,116.48	

ALLOCATION OF FUNDS AVAILABLE
General Fund Operating Reserve - First Quarter Operating Capital	$

1 96,481

General Fund Reserves Total Reserves

Total Undesignated Cash

 $	269 635
  $	466,116 

$

15