'Tum6u{{Creel
Community (J)evefopment (J)istrict

}laoptea(}Jutfget Pisca{�ar 2014
.Jury 3/J 20.13

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

Capital Reserve Fund Budget Summary of Operating Capital

Page 1-2

Page 3-10

Page 11-12
Page 13-14

Page 15
Page 16

i121,so1

i2s,3ss

$955

Turnbull Creek Community Development District

$395

General Fund - Proposed Budget - Fiscal Year 2014

Adopted Budget	Actual YTD	Next	Projected	Adopted	
Descri  tion	FY 2013	6 30 13	3 Month	FY2013	FY 2014	
	
Revenues						
l.300.36300.10000	Maintenance Assessments	$859,697	$865,159	$0	$865,159	$859,697	
l.3.361.1/1.3.369.102	Interest / Miscellaneous	$500		$974	$1,369	$1,369	
l.300.36900.10300	Amenities Revenue	$2,500	$825	$1,675	$2,500	$2,700	
	ITotal Revenues	is62,697	is66,379	i2,649		is63,766I	
	Ex�enditures						
	Administrative						
l.310.51300.11000	Supervisor Fees	$6,000	$5,800	$1,000	$6,800	$7,000	
l.310.51300.11000	Supervisor Fees (Continued Meetings)	$0	$0	$3,000	$3,000	$3,000	
l.310.51300.21000	FICA Expense	$459	$444	$306	$689	$765	
1.310.51300.31100	Engineering (ITM)	$6,000	$23,062	$6,000	$29,062	$10,000	
l.310.51300.31200	Arbitrage (Grau)	$1,800	$0	$1,800	$1,800	$1,800	
l.310.51300.31300	Dissemination (Prager Sealy)	$6,000	$6,100	$0	$6,100	$6,100	
l.310.51300.31400	Trustee (US Bank)	$8,000	$9,402	$0	$9,402	$8,000	
l.310.51300.31500	Attorney (HGS)	$30,000	$25,623	$4,377	$30,000	$36,000	
l.310.51300.31700	Tax Roll Assessments (GMS)	$5,000	$5,000	$0	$5,000	$5,000	
l.310.51300.32200	Annual Audit (Berger, Toombs)	$3,700	$3,700	$0	$3,700	$3,775	
l.310.51300.34000	Management Fees (GMS)	$38,600	$28,950	$9,650	$38,600	$43,000	
l.310.51300.35100	Computer Time (GMS)	$1,000	$750	$250	$1,000	$1,000	
l.310.51300.41000	Telephone	$210	$263	$152	$415	$275	
l.310.51300.42000	Postage	$1,200	$1,036	$164	$1,200	$2,000	
l.310.51300.42500	Printing & Binding	$2,540	$2,496	$1,048	$2,840	$4,500	
l.310.51300.45000	Insurance (PGIT)	$7,425	$7,425	$0	$7,425	$7,876	
l.310.51300.48000	Legal Advertising	$1,000	$770	$398	$1,168	$1,700	
l.310.51300.49000	Other Current Charges	$510	$633	$211	$843	$900	
l.310.51300.51000	Office Supplies	$200	$172	$32	$200	$200	
l.310.51300.54000	Dues, Licenses & Subscriptions	$175		$0	$175	$175	
	ITotal Administrative Exe,enses	i119,819			i149,420	i143,o66I	
	Amenity Center						
l.320.57200.45000	Insurance (PGIT)	$15,185	$14,532	$0	$14,532	$15,903	
l.330.57200.46600	Pest Control (Turner Pest Control)	$2,705	$1,665	$1,008	$2,673	$2,705	
l.330.57200.63100	Repairs & Replacements	$22,000	$9,747	$12,253	$22,000	$21,849	
l.330.57200.51100	Recreational Passes	$1,200	$0	$1,200	$1,200	$1,200	
l.330.57200.60000	Capital Outlay	$48,699	$22,433	$0	$22,433	$20,000	
l.330.57200.42000	Postage	$200	$0	$60	$60	$200	
l.330.57200.42500	Printing & Binding	$50	$0	$50	$50	$50	
l.330.57200.51000	Office Supplies	$1,700	$1,306	$419	$1,725	$1,725	
l.330.57200.49000	Other Current Charges	$300	$101	$199	$300	$300	
l.330.57200.49300	Permit Fees	$375	$363	$0	$363	$375	

l.330.57200.43300	Utilities
Water & Sewer (St Johns County)	
$15,000	
$6,383	
$4,719	
$11,102	
$13,000	
l.330.57200.43200	Electric (FPL)	$36,172	$23,564	$8,523	$32,087	$34,500	
l.330.57200.41000	Telephone/Internet (Comcast)	$2,400	$1,746	$601	$2,347	$2,400	
l.330.57200.43100	Cable (DIRECTV)	$1,325		$330	$1,285	$1,325	

Turnbull Creek Community Development District
General Fund - Proposed Budget - Fiscal Year 2014

Descri tion

Adopted Budget	Actual YTD FY 2013		6 30 13

Next 3 Month

Projected FY2013

Adopted FY 2014

	Management Contracts		
1.330.57200.34600	Pool Attendants/Pool Monitors/Lifequards ,	$27,670	$9,998	$17,672	$27,670	$34,886	
1.330.57200.34000	Facility Management (ASG)	$54,795	$41,096	$13,699	$54,795	$56,438	
1.330.57200.34300	Facility Attendants (ASG)	$15,892	$11,919	$3,973	$15,893	$16,369	
1.330.57200.34100	Field Operations (ASG)	$37,050	$27,788	$9,263	$37,050	$47,710	
1.330.57200.46400	Pool Maintenance (ASG)	$15,112	$11,334	$3,778	$15,113	$14,040	
1.330.57200.46500	Pool Chemicals	$10,400	$7,271	$3,241	$10,457	$10,457	
1.330.57200.34200	Janitorial Services (ASG)	$9,612	$6,971	$2,175	$9,146	$8,200	
1.330.57200.44900	Refuse Service (Waste Management)	$4,700	$3,917	$1,365	$5,285	$5,285	
1.330.57200.34500	Security - Alarm Service	$280	$280	$0	$280	$280	
1.330.57200.34510	Security - Officers	$0	$363	$0	$363	$15,000	
1.330.57200.49400	Special Events	$11,000	$13,123	$1,774	$14,896	$9,000	
1.330.57200.61000	Maintenance Reserves	$3,000	$3,114	$0	$3,114	$4,000	
1.330.57200.34700	Program Director	$9,818	$4,077	$5,741	$9,818	$3,715	
	ITotal Amenit'{_ Center Exe,enses	i3461640	i2241043	i921042	i316,034	i3401912	
	Grounds Maintenance						
1.320.53800.43300	Electric (FPL)	$5,500	$3,757	$1,413	$5,170	$5,500	
1.320.53800.46100	Streetlighting (FPL)	$28,000	$22,128	$7,920	$30,048	$31,000	
1.320.53800.46800	Lake Maintenance (Future Horizons)	$19,800	$5,480	$2,055	$7,535	$8,640	
1.320.53800.46600	Landscape Maintenance (Austin Outdoors)	$272,676	$208,917	$68,169	$277,086	$272,676	
1.330.57200.63200	Miscellaneous	$4,500	$1,525	$1,064	$2,589	$4,500	
1.320.57200.43400	Irrigation Repairs	$7,500	$8,501	$0	$8,501	$6,000	
1.320/330.57200.49100	Contingency	$9,928	$8,378	$1,550	$9,928	$5,000	
1.330.57200.64000	Capital Reserves	$48,334	$48,334	$0	$48,334	$46,473	
	I Total Grounds Maintenance Expensei	i396,238	i3011021	is21111	i3891192	i319,1s9J	
	!TOTAL EXPENDITURES	is62,697	i6521865	i202,601	is541646	is63,766I	
	!EXCESS REVENUES l(EXPENDITURES)	io	i213,513	-i199,952	i141382	iol	

54,849
914,546
740
219
959
953.65

$

$859,697

$
$

$ 953.65

54,849

$ 859,697

Net Assessments

$ 914,546
740
219
959

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

2

FY 2013

$

FY 2014

Turnbull Creek
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2014

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 2014

Dissemination Agent
The Annual Disclosure Report prepared by Prager & Co., LLC and required by the Security and Exchange Commission in order to comply with Rule l5(c)(2)­ l2(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 ofthe 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 certifies 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 Certified Public Accounting Firm. Berger, Toombs currently serves as the District's lndependent Auditor.
Management 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 2014

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 advertise 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 $175. 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. PGIT specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for prope11y 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.

Turnbull Creek
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2014

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.
LAcco�nt Number I	Description	Monthly	Annual
515577-114371	JI. 10-1 W Positano Ave - Water  :  $	410	$	4,920

35

153..2445-124·-5·- 96   I123 E Franchetta Dr - Water	$

$	420

1532445-124406

: 4106 Messina Dr - Water
I.

$	32	$	384

[515577-114371	l 101 W. P. ositano Ave - Sewer	$	468	$	5,616 i 532445-124596	1123 E Franchetta Dr - Sewer	$		34	$		410

1 Contingency

104	$

1,249

i

1Total	$

1,083	$	13,000

6

f	- - -- - ---	-

Electric

Turnbull Creek
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2014

The cost ofelectric at the Amenity Center supplied from FPL.

Monthly		Annual	
$	2,335	I $	28,020	
$	366	r $	4,392	
$	174	$	2,088	
$	2,875	: $	34,500	

Account Number	Description 27_22��8282-  --	 fio1 W Positano Ave _
16889-1-19-035	[101 W Positano Ave #1

i

l	, Contingency	I
Total

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.

iAccount Number	, Description
1comcast

Annual

Monthly

l $	201	$	2,400

'DirecTV I Total
L _  

 $	110 ' $	1,325 
$	311	$	3,725

Pool Attendants/Pool Monitors/Lifeguards
The District is under contract with Amenity Services Group and this is the cost to provide pool attendants, pool monitors, and 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.
Facility 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 Maintenance
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 2014

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 ASG to have janitorial services provided for the Amenity Center.

Refuse Service
Garbage disposal service is with Southland Waste Systems.

Security
The District is provided security monitoring for the Amenity Center.

Security - Officers
The District will contract with off-duty St. Johns County Sheriffs Officers to provide random patrolling.

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

The District will provide a pa11-time Program Director under 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 2014
' Account Number f-	-Description	Monthly	Annual Amount

1I·	96236014·-09·

I 10·-0-T--er--ran·c-ina .Dr # Light

J $	1 38 -�

564

9561370132	1 100 W Positano Ave

; s	$	1,652

584i524282	i lll_W P�ita�o_Ave # Kiosk

rI   s	18  I   $	211 

8189715355
2781798307

168 Toscana Lane	$

1

5085 State Road 16 # Light	! $

71	$	850
9	$	109

5 1.  91830.404	5335 San Giaconio

I $	23 , $

-2· 72

6555783429	5335 State Rd 16 #1
5907098254	', 90 E Franchetta Ln # Light
J Co-nting.•ency
.1ITotal

$	131 I $	1,568
$	9	$	107
$	14 '.  $	167
$	458 j $	5,500

Street Lighting
The District street lighting cost for the community.
i Account Number ;  .	Descriptio�	Monthly	Annual Amount
'	2298893591	W Bonaventure Way	$	2,421	$	29,050

4217317033

Verona Way

$	72	$	860

I Contingency	 $	91	$	1,090 
' Total	$	2,583	$	31,000

Lake Maintenance
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 Future Horizons. to maintain the 22 storm water ponds.

! Fut�:e Horizons

Monthly	,   Annual Amount I $	720  : $	8,640

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

Monthly
Austin Outdoors	, $	22,723

9

Annual Amount
$	272,676

Turnbull Creek
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2014

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
Commu nity Development District

Debt Service Fund
Series 2005

Description

Revenues
Carry Forward Surplus Interest Income Assessments

  Total Revenues	

Expenditures
Series 2005
Interest 11/1 Interest 5/ 1 Principal 5/1 Special Call 5/1

Other Sources & Uses Interfund Transfer Out(In)

Total Expenditures

EXCESS REVENUES /(EXPENDITURES)

Adopted
     Budget F Y 2013	

$399,219
$800
$1,075,4S8

$1,475,477

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

$3,659

 	$1,084,779

 	$390,698

Actual YTD
 	6/30/13	

$843,562
$412
$1,082,280

$1,926,254

$395,415
$395,415
$290,000
$0

$448,469

$1,529,299

 	$396,955

Projected
 	F Y 2013	

$843,562
$800
$1,082,280

 	$1,926,642

$395,415
$395,415 
$290,000
$0

$448,469

$1,529,299

 	$397,343

Adopted Budget FY 2014

$397,343
$800
$1,075,458

 	$1,473,601

$387,005
$387,005
$310,000
$0

$10,338

$1,094,348

 	$379,253

Debt Service for 11/01/2014:

Interest
Total

$378,015.00
$378,0 15.00

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

11 

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

WITH PAYOFFS
$1,075,458
$68 646
$1 144 104

Tu rnbull C reek
Comm unity Development District
Series 2005 Special Assessment Bonds
AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
05/01/1 3	$	13,635,000.00	5.80%	$	290,000.00	$	395,415.00		
11/01/13 	$	1 3,345,000.00	5.80%		$	387,005.00	$	1,072,420.00	
05/01/14	$	13,345,000.00	5.80%	$	31 0,000.00	$	387,005.00		
11/01/14 	$	1 3,035,000.00	5.80%		$	378,015.00	$	1, 075,020.00	
05/01/1 5	$	1 3,035,000.00	5.80%	$	325,000.00	$	378,01 5.00		
11/01/15 	$	1 2,71 0,000.00	5.80%		$	368,590.00	$	1, 071 ,605.00	
05/01/16	$	1 2,71 0,000.00	5.80%	$	345,000.00	$	368,590.00		
11/01/16 	$	1 2,365,000.00	5.80%		$	358,585.00	$	1, 072,175.00	
05/01/17	$	1 2,365,000.00	5.80%	$	370,000.00	$	358,585.00		
11/01/17 	$	11 ,995,000.00	5.80%		$	347,855.00	$	1, 076,440.00	
05/01/1 8	$	11, 995,000.00	5.80%	$	390,000.00	$	347,855.00		
11/01/18 	$	11,605,000.00	5.80%		$	336,545.00	$	1, 074,400.00	
05/01/1 9	$	11 ,605,000.00	5.80%	$	41 5,000.00	$	336,545.00		
11/01/19 	$	11,1 90,000.00	5.80%		$	324,51 0.00	$	1, 076,055.00	
05/01/20	$	11,190,000.00	5.80%	$	435,000.00	$	324,510.00		
11/01/20	$	1 0,755,000.00	5.80%		$	311,895.00	$	1,071 ,405.00	
05/01/21	$	1 0,755,000.00	5.80%	$	465,000.00	$	311,895.00		
11/01/21	$	10,290,000.00	5.80%		$	298,410.00	$	1,075,305.00	
05/01/22	$	10,290,000.00	5.80%	$	490,000.00	$	298,410.00		
11/01/22	$	9,800,000.00	5.80%		$	284,200.00	$	1, 072,61 0.00	
05/0 1/23	$	9,800,000.00	5.80%	$	520,000.00	$	284,200.00		
11/01/23	$	9,280,000.00	5.80%		$	269,120.00	$	1, 073,320.00	
05/0 1 /24	$	9,280,000.00	5.80%	$	550,000.00	$	269,120.00		
11/01/24	$	8,730,000.00	5.80%		$	253, 170.00	$	1 ,072,290.00	
05/01/25	$	8,730,000.00	5.80%	$	585,000.00	$	253, 170.00		
11/01/25	$	8,145,000.00	5.80%		$	236,205.00	$	1, 074,375.00	
05/01/26	$	8,145,000.00	5.80%	$	620,000.00	$	236,205.00		
11 /01 /26	$	7,525,000.00	5.80%		$	21 8,225.00	$	1, 074,430.00	
05/01/27	$	7,525,000.00	5.80%	$	655,000.00	$	218,225.00		
11 /01/27	$	6,870,000.00	5.80%		$	199,230.00	$	1, 072,455.00	
05/01/28	$	6,870,000.00	5.80%	$	695,000.00	$	199,230.00		
11/01/28	$	6,175,000.00	5.80%		$	179,075.00	$	1, 073,305.00	
05/01/29	$	6,175,000.00	5.80%	$	735,000.00	$	179,075.00		
11/01 /29	$	5,440,000.00	5.80%		$	1 57,760.00	$	1, 071 ,835.00	
05/0 1/30	$	5,440,000.00	5.80%	$	780,000.00	$	1 57,760.00		
11/01/30	$	4,660,000.00	5.80%		$	135,140.00	$	1,072,900.00	
05/0 1/31	$	4,660,000.00	5.80%	$	825,000.00	$	135,140.00		
11/01/31	$	3,835,000.00	5.80%		$	111,215.00	$	1, 071 ,355.00	
05/01/32	$	3,835,000.00	5.80%	$	875,000.00	$	111,215.00		
11/01/32	$	2,960,000.00	5.80%		$	85,840.00	$	1, 072,055.00	
05/01/33	$	2,960,000.00	5.80%	$	930,000.00	$	85,840.00		
11/01/33	$	2,030,000.00	5.80%		$	58,870.00	$	1, 074,71 0.00	
05/01/34	$	2,030,000.00	5.80%	$	985,000.00	$	58,870.00		
11/01/34	$	1,045,000.00	5.80%		$	30,305.00	$	1,074,1 75.00	
05/01/35	$	1,045,000.00	5.80%	$	1,045,000.00	$	30,305.00	$	1,075,305.00	
12 $	13,635,000.00	$	11 ,054,945.00	$	24,689,945.00	

Turnbull Creek
Community Development District							
Debt Service Fund	
							Series 2006	
		Adopted			Actual YTD		Projected	Adopted	
Description		Budget F Y 2013			6/30/13		 	F Y 2013		Budget F Y 2014	

Revenues								
Carry Forward Surplus		$119,638			$132,406		$132,406	$118,967	
Interest Income		$200			$130		$200	$200	
Assessments		$319,591			$321,610		$321,610	$319,591	
Prepayment		$0			$36,502		$36,502	$0	
Total Revenues			$439,428			 	$490,647		 	$490,7 17	 	$438,758	

Expenditures								
Series 2006A								
Interest 11/1		$116,025			$116,025		$116,025	$113,663	
Special Call 11/1		$3,000			$0		$0	$0	
Interest 5/1		$116,025			$116,025		$116,025	$113,663	
Principal 5/1		$90,000			$90,000		$90,000	$90,000	
Special Call 5/1		$0			$45,000		$45,000	$0	
Other Sources & Uses								
Interfund Transfer Out		$612			$4,684		$4,700	$5,305	
Other Debt Service Cost		$0			$0		$0	$0	
Total Expenditures		 	$325,662			$371,734		$371,750	$322,630	
								
EXCESS REVENUES/ (EXPENDITURES)		$113,766			$118,912		$118,967	$116,128	
							
Debt Service for 11 /01/2014:	
							Interest	$111,300.00
Total	$111,300.00	

Net Assessments
Add: Discounts and Collections (6%) Gross Assessments	$319,591
$20,390	
	$339,981	

13 

Tu rnbull Creek Community Development District Series 2006 Special Assessment Bonds

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	$	11 8,256.25		
11 /01/12 	$	4,420,000.00	5.25%		$	11 6,025.00	$	31 9,281 .25	
05/01/1 3	$	4,420,000.00	5.25%	$	90,000.00	$	11 6,025.00		
11 /01/1 3	$	4,330,000.00	5.25%		$	11 3,662.50	$	31 9,687.50	
05/01/14 	$	4,330,000.00	5.25%	$	90,000.00	$	11 3,662.50		
11 /01/14 	$	4,240,000.00	5.25%		$	111 ,300.00	$	314,962.50	
05/01/1 5	$	4,240,000.00	5.25%	$	95,000.00	$	111 ,300.00		
11 /01/1 5	$	4,145,000.00	5.25%		$	108,806.25	$	315,106.25	
05/01/16 	$	4,145,000.00	5.25%	$	100,000.00	$	108,806.25		
11 /01/16 	$	4,045,000.00	5.25%		$	106, 181 .25	$	314,987.50	
05/01/1 7	$	4,045,000.00	5.25%	$	11 0,000.00	$	1 06,181 .25		
11 /0 1/17 	$	3,935,000.00	5.25%		$	103,293.75	$	319,475.00	
05/01/1 8	$	3,935,000.00	5.25%	$	11 5,000.00	$	103,293.75		
11/01/18 	$	3,820,000.00	5.25%		$	100,275.00	$	31 8,568.75	
05/01/19 	$	3,820,000.00	5.25%	$	120,000.00	$	100,275.00		
11/01/19 	$	3,700,000.00	5.25%		$	97,1 25.00	$	31 7,400.00	
05/01/20	$	3,700,000.00	5.25%	$	125,000.00	$	97,1 25.00		
11/01/20	$	3,575,000.00	5.25%		$	93,843.75	$	31 5,968.75	
05/01/21	$	3,575,000.00	5.25%	$	135,000.00	$	93,843.75		
11/01/21	$	3,440,000.00	5.25%		$	90,300.00	$	319, 143.75	
05/01/22	$	3,440,000.00	5.25%	$	140,000.00	$	90,300.00		
11 /01/22	$	3,300,000.00	5.25%		$	86,625.00	$	31 6,925.00	
05/01/23	$	3,300,000.00	5.25%	$	150,000.00	$	86,625.00		
11 /01 /23	$	3,1 50,000.00	5.25%		$	82,687.50	$	31 9,31 2.50	
05/0 1 /24	$	3,1 50,000.00	5.25%	$	155,000.00	$	82,687.50		
11 /01 /24	$	2,995,000.00	5.25%		$	78,61 8.75	$	316,306.25	
05/0 1 /25	$	2,995,000.00	5.25%	$	165,000.00	$	78,618.75		
11 /01 /25	$	2,830,000.00	5.25%		$	74,287.50	$	31 7,906.25	
05/01 /26	$	2,830,000.00	5.25%	$	175,000.00	$	74,287.50		
11 /01/26	$	2,655,000.00	5.25%		$	69,693.75	$	31 8,981 .25	
05/01/27	$	2,655,000.00	5.25%	$	185,000.00	$	69,693.75		
11/01/27	$	2,470,000.00	5.25%		$	64,837.50	$	31 9,531 .25	
05/01/28	$	2,470,000.00	5.25%	$	190,000.00	$	64,837.50		
11/01/28	$	2,280,000.00	5.25%		$	59,850.00	$	31 4,687.50	
05/0 1/29	$	2,280,000.00	5.25%	$	205,000.00	$	59,850.00		
11/01/29	$	2,075,000.00	5.25%		$	54,468.75	$	31 9,31 8.75	
05/01/30	$	2,075,000.00	5.25%	$	21 5,000.00	$	54,468.75		
11/01/30	$	1, 860,000.00	5.25%		48,825.00	$	31 8,293.75	
05/0 1/31	$	1, 860,000.00	5.25%	$	225,000.00	$	48,825.00		
11/01/31	$	1,635,000.00	5.25%		$	42,91 8.75	$	31 6,743.75	
05/0 1/32	$	1,635,000.00	5.25%	$	235,000.00	$	42,91 8.75		
11 /01/32	$	1,400,000.00	5.25%		$	36,750.00	$	314,668.75	
05/0 1/33	$	1 ,400,000.00	5.25%	$	250,000.00	$	36,750.00		
11/01/33	$	1,150,000.00	5.25%		$	30,1 87.50	$	31 6,937.50	
05/01/34	$	1, 150,000.00	5.25%	$	265,000.00	$	30,1 87.50		
11/01/34	$	885,000.00	5.25%		$	23,231 .25	$	31 8,41 8.75	
05/01/35	$	885,000.00	5.25%	$	280,000.00	$	23,231 .25		
11/01/35	$	605,000.00	5.25%		$	15,881 .25	$	319,11 2.50	
05/01/36	$	605,000.00	5.25%	$	295,000.00	$	15,881 .25		
11/01/36	$	31 0,000.00	5.25%		$	8,1 37.50	$	319,01 8.75	
05/01/37	$	31 0,000.00	5.25%	$	31 0,000.00	$	8,1 37.50	$	318,137.50	
			$	4,505,000.00  $	3,753,881.25  $	8,258,881.25 1
4	

AMORTIZATION SCHEDULE

1

Tu rnbull C reek
Community Development District

Capital Reserve Fund

Proposed

Actual YTD

Projected

Adopted

Description	Budget

REVENUES: 

 	6/30/13	9/30/13	Budget FY 2014 

Interest Income	$0
Capital Reserve - T ransfer In	$48,334
Carry Forward Surplus ( 1)	$49,280
Total Revenues	$97,614 
EXPENDITURES:

Capital Outlay	$1 2,836
Repair and Replacements	$14,460
Tootal Exe.enditures	$27,296
EXCESS REVENUES / (EXPENDITURES)	$70,31 8

(1 ) Prior year balance transferred into Capital Reserve Fund

15 

$0 
$48,334
$49,280

$97,6 14 

$1 2,836
$14,460

$27,296

$70,31 8

$48,334
$49,280

$97,614 

$1 2,836
$1 4,460

$27,296

$70, 318 

$0
$46,473
$70, 31 8

$11 6,791 

$0
$0

$0

$11 6,791 

TURNBULL CREEK COMMUNITY DEVELOPMENT DISTRICT EXHIBIT "A"

ALLOCATION OF OPERATING RESERVES ESTIMATED FUNDS AVAI LABLE
Beginning General Fund Balance - Fiscal Year 2013 	$	426, 563	
Estimated Excess General Revenues - Fiscal Year 2013 	$	1 4,382	
Total Estimated Funds Available - 9/30/1 3	$	440,945	

ALLOCATION OF FUNDS AVAILABLE

General Fund Operating Reserve - Fi rst Quarter Operating Capital	$	251 ,401	
General Fund Reserves	  $	1 89,544 	
Total Reserves	 	440,945 	

Total Undesignated Cash	$

16