Turnbull Creek
Community Development District

Adopted Budget Fiscal Year 2016
August 25, 2015

Turnbull Creek
Community Development District

TABLE OF CONTENTS

General Fund

Summary of Revenues and Expenditures	Page 1-2 Narrative - Administrative and Maintenance	Page 3-10

Debt Service Fund Budget

Series 2005/2015A1-A2	Page 11-12
Series 2015B1-B2	Page 13-15
Series 2006	Page 16-17

Capital Reserve Fund Budget	Page 18

	Revenues		
1.300.36300.10000	Maintenance Assessments	$917,698	$919,666	$919,666	$945,994	
1.3.361.1/1.3.369.102	Interest / Miscellaneous	$1,369	$2,124	$2,234	$2,000	
1.300.36900.10300	Amenities Revenue	$2,700	$1,700	$2,125	$2,000	
	Interfund Transfer (HOA Funds)	$0	$9	$9	$15,000	
	Total Revenues	$921,767	$923,500	$924,035	$964,994	
	
Expenditures					
	Administrative					
1.310.51300.11000	Supervisor Fees	$10,000	$12,000	$14,000	$11,000	
1.310.51300.11000	Supervisor Fees (Continued Meetings)	$4,000	$4,000	$4,000	$0	
1.310.51300.21000	FICA Expense	$1,071	$1,071	$1,224	$842	
1.310.51300.31100	Engineering (ETM)	$15,000	$22,396	$37,885	$21,000	
1.310.51300.31200	Arbitrage (Grau)	$1,800	$1,800	$1,800	$1,800	
1.310.51300.31300	Dissemination (Prager Sealy)	$2,250	$2,000	$2,200	$2,250	
1.310.51300.31400	Trustee (US Bank)	$10,232	$6,862	$10,232	$12,667	
1.310.51300.31500	Attorney (HGS)	$42,000	$33,785	$42,000	$42,000	
1.310.51300.31700	Tax Roll Assessments (GMS)	$5,000	$5,000	$5,000	$5,000	
1.310.51300.32200	Annual Audit (Grau and Assoc)	$3,400	$3,400	$3,400	$3,400	
1.310.51300.34000	Management Fees (GMS)	$49,000	$40,833	$49,000	$49,000	
1.310.51300.35100	Computer Time (GMS)	$1,000	$833	$1,000	$1,000	
1.310.51300.41000	Telephone	$415	$298	$352	$440	
1.310.51300.42000	Postage	$2,000	$1,730	$2,000	$2,000	
1.310.51300.42500	Printing & Binding	$3,500	$5,487	$6,135	$3,500	
1.310.51300.45000	Insurance (FIA)	$7,726	$7,726	$7,726	$8,692	
1.310.51300.48000	Legal Advertising	$2,164	$1,460	$2,514	$2,164	
1.310.51300.49000	Other Current Charges	$1,380	$1,177	$1,367	$1,380	
1.310.51300.51000	Office Supplies	$270	$308	$356	$400	
1.310.51300.54000	Dues, Licenses & Subscriptions	$175	$175	$175	$175	
	Website Compliance	$0	$0	$0	$2,000	
	Total Administrative Expenses	$162,383	$152,343	$192,366	$170,710	
	
Amenity Center					
1.320.57200.45000	Insurance (FIA)	$14,741	$14,240	$14,240	$16,020	
1.330.57200.46600	Pest Control (Turner Pest Control)	$3,500	$1,850	$2,673	$3,500	
1.330.57200.63100	Repairs & Replacements	$23,375	$28,282	$33,282	$54,000	
	Pressure Washing	$0	$0	$0	$4,000	
1.330.57200.51100	Recreational Passes	$1,200	$800	$1,200	$1,200	
1.330.57200.51000	Office Supplies	$2,580	$1,508	$2,580	$2,146	
1.330.57200.49000	Other Current Charges	$300	$15	$165	$300	
1.330.57200.49300	Permit Fees (Pool, ASCAP/BMI/SEASAC)	$500	$1,015	$1,015	$1,500	

1.330.57200.43300	Utilities
Water & Sewer (STCUD)	
$13,000	
$7,175	
$8,495	
$8,766	
1.330.57200.43200	Electric (FPL)	$33,500	$28,090	$34,332	$34,500	
1.330.57200.41000	Telephone/Internet (Comcast)	$2,700	$2,335	$2,791	$2,808	
1.330.57200.43100	Cable (DIRECTV)	$1,404	$1,198	$1,444	$1,464	

Management Contracts

1.330.57200.34600	Lifeguards/Pool Monitors (ASG)	$30,964	$20,541	$30,964	$30,964	
1.330.57200.34800	Facilty Monitor (ASG)	$18,600	$14,240	$18,600	$18,600	
1.330.57200.34000	Facility Management (ASG)	$57,567	$47,973	$57,567	$57,567	
1.330.57200.34300	Facility Attendants (ASG)	$16,369	$13,641	$16,369	$16,369	
1.330.57200.34100	Field Operations (ASG)	$48,664	$40,553	$48,664	$48,664	
1.330.57200.34400	Facility Maintenance (ASG)	$24,000	$18,000	$22,000	$24,000	
1.330.57200.46400	Pool Maintenance (ASG)	$14,040	$11,700	$14,040	$14,040	
1.330.57200.46500	Pool Chemicals	$11,003	$8,711	$10,980	$11,003	
1.330.57200.34200	Janitorial Services (ASG)	$8,700	$7,250	$8,700	$8,700	
1.330.57200.44900	Refuse Service (Advance Disposal)	$5,800	$5,140	$6,192	$6,317	
1.330.57200.34510	Security - ENVERA	$6,640	$4,230	$5,640	$5,640	
1.330.57200.49400	Special Events	$11,000	$10,928	$11,178	$15,000	
1.330.57200.61000	Maintenance Reserves	$4,000	$796	$1,096	$2,000	
1.330.57200.34700	Program Director	$3,715	$3,096	$3,715	$3,715	
	Total Amenity Center Expenses	$357,862	$293,306	$357,922	$392,783	
	Grounds Maintenance					
1.320.53800.43300	Electric (FPL)	$5,710	$5,066	$6,122	$6,946	
1.320.53800.46100	Streetlighting (FPL)	$35,000	$28,234	$33,901	$34,588	
1.320.53800.46800	Lake Maintenance (Future Horizons)	$11,280	$7,200	$8,640	$8,640	
1.320.53800.46600	Landscape Maintenance (Duval Landscape)	$280,848	$248,295	$293,741	$265,236	
1.320.53800.46700	Landscape Contingency	$0	$0	$0	$10,341	
	Pond Bank Reserves	$0	$0	$0	$10,000	
1.330.57200.63200	Miscellaneous	$4,500	$2,018	$3,267	$3,500	
1.320.57200.43400	Irrigation Repairs	$8,000	$10,841	$10,841	$10,000	
1.320/330.57200.49100	Contingency	$5,000	$5,985	$5,985	$5,000	
1.330.57200.64000	Capital Reserves	$51,184	$51,184	$51,184	$47,250	
	Total Grounds Maintenance Expenses	$401,522	$358,824	$413,681	$401,502	
						
	TOTAL EXPENDITURES	$921,767	$804,473	$963,969	$964,994	
						
	EXCESS REVENUES / (EXPENDITURES)	$0	$119,027	-$39,934	$0	

$	917,698
$	58,549	$   945,994
$	60,354	
$	976,247	$1,006,348	

740
219	
740
219	
959	959	
$ 1,017.98	$ 1,049.37	

FY 2015	FY 2016
Net Assessments
Add: Discounts & Collection Gross Assessments
Lots:
Phase I Lots Phase II Lots Total Lots
Per Lot Assessment

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 12 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 2015A-1/A-2/B-1/B-2 and the Series 2006, Special Assessment Bonds. Grau & Associates currently provides this calculation.

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 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Trustee

The District’s Series 2015A-1/A-2/B-1/B-2 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 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. Grau and Associates currently serves as the District’s Independent 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 mainframe computer leased by Governmental Management Services, LLC.

Telephone

Telephone and fax machine

Postage

Mailing of agenda packages, overnight deliveries, correspondence, etc

Insurance (General Liability)

The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. Florida Insurance Alliance 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.

Website Compliance

Website information is required under Florida Law to be posted online for all Special Districts.

Amenity Center:

Insurance (Property)

The District's property Insurance policy is with Florida Insurance Alliance, FIA 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 is contracted with Turner Pest Control to provide pest control services to treat for termites and other insects and purchase of 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.

Recreational Passes

Represents the estimated cost for access cards to the District’s Amenity Center

Office Supplies

Represents any supplies needed for the operation of the Amenity Center.

Other Current Charges

Any unanticipated cost to the Amenity Center

Permit Fees/Licenses

Represents Permit Fees paid to the Department of Health for the swimming pool and other license that the amenity center may require from ASCAP, BMI, and SEASAC.

Water & Sewer

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

Account Number	Description	Monthly	Annual	
5155779114371	101 W Positano Ave 9 Water	$	290	$	3,480	
5324459124596	123 E Franchetta Dr 9 Water	$	32	$	388	
5324459124406	4106 Messina Dr 9 Water	$	32	$	382	
				
5155779114371	101 W Positano Ave 9 Sewer	$	332	$	3,981	
5324459124596	123 E Franchetta Dr 9 Sewer	$	35	$	422	
	Contingency	$	9	$	113	
	Total	$	731	$	8,766	

Electric

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

Account Number	Description	Monthly	Annual	
2722888282	101 W Positano Ave	$	2,431	$	29,166	
6889119035	101 W Positano Ave #1	$	410	$	4,918	
	Contingency	$	35	$	416	
	Total	$	2,875	$	34,500	

Telephone/Cable/Internet

The Amenity Center currently is using Comcast for telephone and internet service and DirecTV for cable.

Account Number	Description	Monthly	Annual	
8495741400863390	Comcast	$	234	$	2,808	
50434515	DirecTV	$	122	$	1,464	
	Total	$	356	$	4,272	

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

Contract	Monthly	Annual	
Amenity Services Group	2,580.33	30,964.00	
Facility Monitor

The District is under contract with Amenity Services Group for a variety of clubhouse services including facility monitors for amenity center.

Contract	Monthly	Annual	
Amenity Services Group	1,550.00	18,600.00	

Facility Management

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

Contract	Monthly	Annual	
Amenity Services Group	4,797.25	57,567.00	
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.
Contract	Monthly	Annual	
Amenity Services Group	1,364.08	16,369.00	
Field Operations

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

Contract	Monthly	Annual	
Amenity Services Group	4,055.33	48,664.00	

Facility Maintenance

The District is under contract with Amenity Services Group for the maintenance of the Amenity Center.

Contract	Monthly	Annual	
Amenity Services Group	2,000.00	24,000.00	
Pool Maintenance

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

Contract	Monthly	Annual	
Amenity Services Group	1,170.00	14,040.00	
Pool Chemicals

The District, contracts with Poolsure Inc, to provide chemicals necessary for the maintenance of the Amenity Center swimming pool.

Contract	Monthly	Annual	
Poolsure	916.92	11,003.00	
Janitorial Services

The District is under contract with ASG to have janitorial services provided for the Amenity Center.

Contract	Monthly	Annual	
Amenity Services Group	725.00	8,700.00	
Refuse Service

Garbage disposal service is with Advance Disposal

Contract	Monthly	Annual	
Advance Disposal	526.42	6,317.00	
Security

The District has contracted with Envera for security monitoring for the Amenity Center an billed quarterly.

Contract	Quarterly	Annual	
Envera	1,410.00	5,640.00	
Contingency	83.33	1,000.00	
		6,640.00	

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 part-time Program Director under the Amenity Service Group contract in order to facilitate activities provided by ASG.

Contract	Monthly	Annual	
Amenity Services Group	309.58	3,715.00	

Ground Maintenance:

Electric – Common Area

The cost of electricity for signage lighting and entry feature lighting for the District.

Account Number	Description	Monthly	Annual Amount	
9623601409	100 Terrancina Dr # Light	$	82	$	982	
9561370132	100 W Positano Ave	$	140	$	1,676	
5841524282	111 W Positano Ave # Kiosk	$	22	$	258	
8189715355	168 Toscana Lane	$	74	$	889	
2781798307	5085 State Road 16 # Light	$	24	$	286	
5191830404	5335 San Giaconio	$	21	$	256	
6555783429	5335 State Rd 16 #1	$	147	$	1,764	
5907098254	90 E Franchetta Ln # Light	$	11	$	137	
	Contingency	$	58	$	698	
	Total	$	579	$	6,946	
Street Lighting

The District street lighting cost for the community

Account Number	Description	Monthly	Annual Amount	
2298893591	W Bonaventure Way	$	2,746	$	32,954	
4217317033	Verona Way	$	80	$	959	
	Contingency	$	56	$	675	
	Total	$	2,882	$	34,588	
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.

Contract	Monthly	Annual Amount	
Future Horizons	$	720	$	8,640	

Landscape Maintenance

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

Contract	Monthly	Annual Amount	
Duval Landscape	$	22,103	$	265,236	

Landscape Contingency

Any unanticipated landscape cost for tree removal or other landscape cost incurred by the District.

Pond Bank Reserves

Funds allocated for remediation work of pond bank issues requiring Board approval.

Miscellaneous

Any unanticipated and unscheduled maintenance cost to the District.

Irrigation Repairs

Any miscellaneous irrigation repairs and maintenance incurred by the District.

Contingency

A contingency for any unanticipated cost to the District

Capital Reserves

Future funding needed for the upkeep of Turnbull Creek infrastructure.

'I'urnbu{{ Creek
Community VeveCoyment Vistrfct	Ve6t Service :puna
Series 2005/2015.'A.

	.:Adoytea			.:Adoytea	
	'.Biufnet	.'A.ctuaCY'TV	Projectea	'.Bwfeet	
'Descriptwn	J1/ 2015	7/31/15	9/30/2015	J1/ 2016	

'.Revenues					
Carry :forward:Sury{us (1)	$391,360	$936,741	$936,741	$281,676	
Interest Income	$80	$49	$50	$50	
.'Assessments	$1,074,685	$1,077,024	$1,077,024	$989,969	
'Preyayments	$0	$32,410	$32,410	$0	
I'Tota('.Revenues	 	$1,466,125	$2,046,225	$2,046,226		$1,271,6951

Pxpendltures		
Series 2005		
Interest 11/1	$377,725	$377,725	$377,725	$0	
5_pecia{ Ca{{ 11/1	$0	$0	$0	$0	
Interest 5/1	$377,725	$0	$0	$0	
'Princtya{ 5/1	$325,000	$0	$0	$0	
Series 2015 .Jl-1/.Jl-2					
Interest 11/1	$0	$0	$0	$257,726	
Interest 5/1	$0	$70,159	$70,159	$257,726	
'Princiya{ 5/1	$0	$0	$0	$475,000	
Other Sources & 'Uses					
InterfunaTransfer Out(In)	$13,635	$844,024	$844,024	$27,974	

I'I'otaC Pxpendltures	 	$1,094,085	$1,291,908	$1,291,908		$1,018,4261
I'EXCESS 'R'EY'ENU'ES / ('EXP'E:N'DITU'R'ES)	$372,040	$754,317	$754,318	$253,2691
(1) Net of Debt Service Reserve Funds
Ve6t Service for 11/01/2016:

Net .'Assessments	$1,093,185
.'Ada: Viscounts anaColkctions (6%) 	$69,745	
<]Yoss .'Assessments	$1,162,930	$989,969
$63,189
$1,053,158	

Turnbull Creek
Community Development District
Series 2015A Senior/Subordinate Special Assessment Refunding Bonds
AMORTIZATION SCHEDULE
Total Par	$ 13,375,000.00	
# Principal Payments	20	
Avg Coupon Rate	1.25%>4.75%	
Adopted Maximum Annual Assessment	$	989,971.26	
Final Maturity	5/1/35	

Installment	

Principal Due	
Annual Debt Service	

Interest Calc	
Principal Amount	
Principal Balance Remaining	
	03/12/2015				13,375,000.00	
	05/01/2015		70,158.64		13,375,000.00	
	11/01/2015	327,884.27	257,725.63		13,375,000.00	
1	05/01/2016		257,725.63	475,000.00	12,900,000.00	
	11/01/2016	985,995.01	253,269.38		12,900,000.00	
2	05/01/2017		253,269.38	485,000.00	12,415,000.00	
	11/01/2017	986,241.26	247,971.88		12,415,000.00	
3	05/01/2018		247,971.88	495,000.00	11,920,000.00	
	11/01/2018	984,756.26	241,784.38		11,920,000.00	
4	05/01/2019		241,784.38	510,000.00	11,410,000.00	
	11/01/2019	986,540.01	234,755.63		11,410,000.00	
5	05/01/2020		234,755.63	525,000.00	10,885,000.00	
	11/01/2020	986,611.26	226,855.63		10,885,000.00	
6	05/01/2021		226,855.63	540,000.00	10,345,000.00	
	11/01/2021	985,018.76	218,163.13		10,345,000.00	
7	05/01/2022		218,163.13	560,000.00	9,785,000.00	
	11/01/2022	986,626.26	208,463.13		9,785,000.00	
8	05/01/2023		208,463.13	580,000.00	9,205,000.00	
	11/01/2023	986,290.01	197,826.88		9,205,000.00	
9	05/01/2024		197,826.88	600,000.00	8,605,000.00	
	11/01/2024	984,043.76	186,216.88		8,605,000.00	
10	05/01/2025		186,216.88	630,000.00	7,975,000.00	
	11/01/2025	989,971.26	173,754.38		7,975,000.00	
11	05/01/2026		173,754.38	650,000.00	7,325,000.00	
	11/01/2026	984,388.76	160,634.38		7,325,000.00	
12	05/01/2027		160,634.38	680,000.00	6,645,000.00	
	11/01/2027	987,143.76	146,509.38		6,645,000.00	
13	05/01/2028		146,509.38	710,000.00	5,935,000.00	
	11/01/2028	987,556.26	131,046.88		5,935,000.00	
14	05/01/2029		131,046.88	740,000.00	5,195,000.00	
	11/01/2029	985,981.26	114,934.38		5,195,000.00	
15	05/01/2030		114,934.38	775,000.00	4,420,000.00	
	11/01/2030	987,987.51	98,053.13		4,420,000.00	
16	05/01/2031		98,053.13	805,000.00	3,615,000.00	
	11/01/2031	983,575.01	80,521.88		3,615,000.00	
17	05/01/2032		80,521.88	845,000.00	2,770,000.00	
	11/01/2032	987,221.88	61,700.00		2,770,000.00	
18	05/01/2033		61,700.00	885,000.00	1,885,000.00	
	11/01/2033	988,684.38	41,984.38		1,885,000.00	
19	05/01/2034		41,984.38	920,000.00	965,000.00	
	11/01/2034	983,478.13	21,493.75		965,000.00	
20	05/01/2035		21,493.75	965,000.00	0.00	
	11/01/2035	 	986,493.75				0.00	
		20,052,488.82	6,677,488.82	13,375,000.00		

Turnbull Creek
Community Development District	Debt Service Fund
Pond Bank Remediation Series 2015B

	Proposed
Budget	
Actual YTD	
Projected	Adopted
Budget	
Description	FY 2015	7/31/15	9/30/2015	FY 2016	

Revenues					
Carry Forward Surplus (1)	$0	$0	$0	$34,195	
Interest Income	$0	$1	$1	$0	
Assessments	$0	$0	$0	$79,403	
Prepayments	$0	$1,335	$1,335	$0	
Bonds Proceeds	$0	$75,574	$75,574	$0	
Total Revenues	$0	$76,910	$76,910	$113,598	

Expenditures					
Series 2015B1
Interest 11/1	
$0	
$0	
$0	
$20,610	
Interest 5/1	$0	$5,611	$5,611	$20,610	
Principal 5/1	$0	$0	$0	$20,000	
Series 2015B2
Interest 11/1	
$0	
$0	
$0	
$6,269	
Interest 5/1	$0	$1,707	$1,707	$6,269	
Principal 5/1	$0	$0	$0	$5,000	
Other Sources & Uses					
Interfund Transfer Out(In)	$0	$0	$0	$8,206	
Total Expenditures	$0	$7,317	$7,317	$86,963	
					
EXCESS REVENUES / (EXPENDITURES)	$0	$69,593	$69,593	$26,635	
(1) Net of Debt Service Reserve Funds					

Debt Service for 11/01/2016:

Interest	$26,635

Total	$26,635

Net Assessments
Add: Discounts and Collections (6%) Gross Assessments	$79,403
$5,068	
	$84,471	

13

Series 2015B-1 Senior Assessment Bonds
AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
05/01/15	$	1,020,000.00	0.000%	$	-	$	5,610.50		
11/01/15	$	1,020,000.00	1.250%	$	-	$	20,610.00	$	26,220.50	
05/01/16	$	1,020,000.00	1.250%	$	20,000.00	$	20,610.00	-	
11/01/16	$	1,000,000.00	1.250%	-	$	20,485.00	$	61,095.00	
05/01/17	$	1,000,000.00	1.600%	$	20,000.00	$	20,485.00	-	
11/01/17	$	980,000.00	1.600%	-	$	20,325.00	$	60,810.00	
05/01/18	$	980,000.00	2.000%	$	20,000.00	$	20,325.00	-	
11/01/18	$	960,000.00	2.000%	-	$	20,125.00	$	60,450.00	
05/01/19	$	960,000.00	2.300%	$	20,000.00	$	20,125.00	-	
11/01/19	$	940,000.00	2.300%	-	$	19,895.00	$	60,020.00	
05/01/20	$	940,000.00	2.600%	$	20,000.00	$	19,895.00	-	
11/01/20	$	920,000.00	2.600%	-	$	19,635.00	$	59,530.00	
05/01/21	$	920,000.00	2.850%	$	20,000.00	$	19,635.00	-	
11/01/21	$	900,000.00	2.850%	-	$	19,350.00	$	58,985.00	
05/01/22	$	900,000.00	3.150%	$	25,000.00	$	19,350.00	-	
11/01/22	$	875,000.00	3.150%	-	$	18,956.25	$	63,306.25	
05/01/23	$	875,000.00	3.400%	$	25,000.00	$	18,956.25	-	
11/01/23	$	850,000.00	3.400%	-	$	18,531.25	$	62,487.50	
05/01/24	$	850,000.00	3.750%	$	25,000.00	$	18,531.25	-	
11/01/24	$	825,000.00	3.750%	-	$	18,075.00	$	61,606.25	
05/01/25	$	825,000.00	3.850%	$	25,000.00	$	18,075.00		
11/01/25	$	800,000.00	3.850%	-	$	17,606.25	$	60,681.25	
05/01/26	$	800,000.00	4.000%	$	25,000.00	$	17,606.25		
11/01/26	$	775,000.00	4.000%	-	$	17,125.00	$	59,731.25	
05/01/27	$	775,000.00	4.000%	$	30,000.00	$	17,125.00		
11/01/27	$	745,000.00	4.000%	-	$	16,525.00	$	63,650.00	
05/01/28	$	745,000.00	4.250%	$	30,000.00	$	16,525.00		
11/01/28	$	715,000.00	4.250%	-	$	15,887.50	$	62,412.50	
05/01/29	$	715,000.00	4.250%	$	30,000.00	$	15,887.50		
11/01/29	$	685,000.00	4.250%	-	$	15,250.00	$	61,137.50	
05/01/30	$	685,000.00	4.250%	$	30,000.00	$	15,250.00		
11/01/30	$	655,000.00	4.250%		$	14,612.50	$	59,862.50	
05/01/31	$	655,000.00	4.250%	$	30,000.00	$	14,612.50	-	
11/01/31	$	625,000.00	4.250%	-	$	13,975.00	$	58,587.50	
05/01/32	$	625,000.00	4.375%	$	30,000.00	$	13,975.00	-	
11/01/32	$	595,000.00	4.375%	-	$	13,318.75	$	57,293.75	
05/01/33	$	595,000.00	4.375%	$	35,000.00	$	13,318.75	-	
11/01/33	$	560,000.00	4.375%	-	$	12,553.13	$	60,871.88	
05/01/34	$	560,000.00	4.375%	$	35,000.00	$	12,553.13	-	
11/01/34	$	525,000.00	4.375%	-	$	11,787.50	$	59,340.63	
05/01/35	$	525,000.00	4.375%	$	40,000.00	$	11,787.50	-	
11/01/35	$	485,000.00	4.375%	-	$	10,912.50	$	62,700.00	
05/01/36	$	485,000.00	4.500%	$	40,000.00	$	10,912.50	-	
11/01/36	$	445,000.00	4.500%	-	$	10,012.50	$	60,925.00	
05/01/37	$	445,000.00	4.500%	$	40,000.00	$	10,012.50	-	
11/01/37	$	405,000.00	4.500%	-	$	9,112.50	$	59,125.00	
05/01/38	$	405,000.00	4.500%	$	45,000.00	$	9,112.50	-	
11/01/38	$	360,000.00	4.500%	-	$	8,100.00	$	62,212.50	
05/01/39	$	360,000.00	4.500%	$	45,000.00	$	8,100.00	-	
11/01/39	$	315,000.00	4.500%	-	$	7,087.50	$	60,187.50	
05/01/40	$	315,000.00	4.500%	$	45,000.00	$	7,087.50	-	
11/01/40	$	270,000.00	4.500%	-	$	6,075.00	$	58,162.50	
05/01/41	$	270,000.00	4.500%	$	50,000.00	$	6,075.00	-	
11/01/41	$	220,000.00	4.500%	-	$	4,950.00	$	61,025.00	
05/01/42	$	220,000.00	4.500%	$	50,000.00	$	4,950.00	-	
11/01/42	$	170,000.00	4.500%	-	$	3,825.00	$	58,775.00	
05/01/43	$	170,000.00	4.500%	$	55,000.00	$	3,825.00	-	
11/01/43	$	115,000.00	4.500%	-	$	2,587.50	$	61,412.50	
05/01/44	$	115,000.00	4.500%	$	55,000.00	$	2,587.50	-	
11/01/44	$	60,000.00	4.500%	-	$	1,350.00	$	58,937.50	
05/01/45	$	60,000.00	4.500%	$	60,000.00	$	1,350.00	-	
11/01/45					$	61,350.00	
			$	1,020,000.00	$	822,891.76	$	1,842,891.76	

Series 2015B-2 Subordinate Special Assessment Bonds
AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
05/01/15	$	260,000.00	0.000%	$	-	$	1,706.49		
11/01/15	$	260,000.00	0.000%	$	-	$	6,268.75	$	7,975.24	
05/01/16	$	260,000.00	4.750%	$	5,000.00	$	6,268.75	-	
11/01/16	$	255,000.00	4.750%	-	$	6,150.00	$	17,418.75	
05/01/17	$	255,000.00	4.750%	$	5,000.00	$	6,150.00	-	
11/01/17	$	250,000.00	4.750%	-	$	6,031.25	$	17,181.25	
05/01/18	$	250,000.00	4.750%	$	5,000.00	$	6,031.25	-	
11/01/18	$	245,000.00	4.750%	-	$	5,912.50	$	16,943.75	
05/01/19	$	245,000.00	4.750%	$	5,000.00	$	5,912.50	-	
11/01/19	$	240,000.00	4.750%	-	$	5,793.75	$	16,706.25	
05/01/20	$	240,000.00	4.750%	$	5,000.00	$	5,793.75	-	
11/01/20	$	235,000.00	4.750%	-	$	5,675.00	$	16,468.75	
05/01/21	$	235,000.00	4.750%	$	5,000.00	$	5,675.00	-	
11/01/21	$	230,000.00	4.750%	-	$	5,556.25	$	16,231.25	
05/01/22	$	230,000.00	4.750%	$	5,000.00	$	5,556.25	-	
11/01/22	$	225,000.00	4.750%	-	$	5,437.50	$	15,993.75	
05/01/23	$	225,000.00	4.750%	$	5,000.00	$	5,437.50	-	
11/01/23	$	220,000.00	4.750%	-	$	5,318.75	$	15,756.25	
05/01/24	$	220,000.00	4.750%	$	5,000.00	$	5,318.75	-	
11/01/24	$	215,000.00	4.750%	-	$	5,200.00	$	15,518.75	
05/01/25	$	215,000.00	4.750%	$	5,000.00	$	5,200.00		
11/01/25	$	210,000.00	4.750%	-	$	5,081.25	$	15,281.25	
05/01/26	$	210,000.00	4.750%	$	5,000.00	$	5,081.25		
11/01/26	$	205,000.00	4.750%	-	$	4,962.50	$	15,043.75	
05/01/27	$	205,000.00	4.750%	$	5,000.00	$	4,962.50		
11/01/27	$	200,000.00	4.750%	-	$	4,843.75	$	14,806.25	
05/01/28	$	200,000.00	4.750%	$	5,000.00	$	4,843.75		
11/01/28	$	195,000.00	4.750%	-	$	4,725.00	$	14,568.75	
05/01/29	$	195,000.00	4.750%	$	5,000.00	$	4,725.00		
11/01/29	$	190,000.00	4.750%	-	$	4,606.25	$	14,331.25	
05/01/30	$	190,000.00	4.750%	$	10,000.00	$	4,606.25		
11/01/30	$	180,000.00	4.750%		$	4,368.75	$	18,975.00	
05/01/31	$	180,000.00	4.750%	$	10,000.00	$	4,368.75	-	
11/01/31	$	170,000.00	4.750%		$	4,131.25	$	18,500.00	
05/01/32	$	170,000.00	4.750%	$	10,000.00	$	4,131.25	-	
11/01/32	$	160,000.00	4.750%		$	3,893.75	$	18,025.00	
05/01/33	$	160,000.00	4.750%	$	10,000.00	$	3,893.75	-	
11/01/33	$	150,000.00	4.750%		$	3,656.25	$	17,550.00	
05/01/34	$	150,000.00	4.750%	$	10,000.00	$	3,656.25	-	
11/01/34	$	140,000.00	4.750%		$	3,418.75	$	17,075.00	
05/01/35	$	140,000.00	4.750%	$	10,000.00	$	3,418.75	-	
11/01/35	$	130,000.00	4.750%		$	3,181.25	$	16,600.00	
05/01/36	$	130,000.00	4.750%	$	10,000.00	$	3,181.25	-	
11/01/36	$	120,000.00	4.750%		$	2,943.75	$	16,125.00	
05/01/37	$	120,000.00	4.750%	$	10,000.00	$	2,943.75	-	
11/01/37	$	110,000.00	4.750%		$	2,706.25	$	15,650.00	
05/01/38	$	110,000.00	4.750%	$	10,000.00	$	2,706.25	-	
11/01/38	$	100,000.00	4.750%		$	2,468.75	$	15,175.00	
05/01/39	$	100,000.00	4.750%	$	10,000.00	$	2,468.75	-	
11/01/39	$	90,000.00	4.750%		$	2,231.25	$	14,700.00	
05/01/40	$	90,000.00	4.750%	$	15,000.00	$	2,231.25	-	
11/01/40	$	75,000.00	4.750%		$	1,875.00	$	19,106.25	
05/01/41	$	75,000.00	5.000%	$	15,000.00	$	1,875.00	-	
11/01/41	$	60,000.00	5.000%	-	$	1,500.00	$	18,375.00	
05/01/42	$	60,000.00	5.000%	$	15,000.00	$	1,500.00	-	
11/01/42	$	45,000.00	5.000%	-	$	1,125.00	$	17,625.00	
05/01/43	$	45,000.00	5.000%	$	15,000.00	$	1,125.00	-	
11/01/43	$	30,000.00	5.000%	-	$	750.00	$	16,875.00	
05/01/44	$	30,000.00	5.000%	$	15,000.00	$	750.00	-	
11/01/44	$	15,000.00	5.000%	-	$	375.00	$	16,125.00	
05/01/45	$	15,000.00	5.000%	$	15,000.00	$	375.00	-	
11/01/45					$	15,375.00	
			$	260,000.00	$	242,081.49	$	502,081.49	

Turnbull Creek
Community Development District	Debt Service Fund
Series 2006

	Adopted
Budget	
Actual YTD	
Projected	Adopted
Budget	
Description	FY 2015	7/31/15	9/30/2015	FY 2016	

Revenues					
Carry Forward Surplus	$115,119	$118,096	$118,096	$112,343	
Interest Income	$200	$18	$20	$20	
Assessments	$316,630	$317,319	$317,319	$316,630	
Prepayment	$0	$0	$0	$0	
Total Revenues	$431,949	$435,433	$435,435	$428,993	

Expenditures					
Series 2006A					
Interest 11/1	$109,988	$109,988	$109,988	$107,494	
Special Call 11/1	$0	$0	$0	$0	
Interest 5/1	$109,988	$109,988	$109,988	$107,494	
Principal 5/1	$95,000	$95,000	$95,000	$100,000	
Special Call 5/1	$0	$0	$0	$0	
Other Sources & Uses					
Interfund Transfer Out	$5,131	$8,117	$8,117	$9,137	
Other Debt Service Cost	$0	$0	$0	$0	
Total Expenditures	$320,106	$323,092	$323,092	$324,125	
					
EXCESS REVENUES / (EXPENDITURES)	$111,843	$112,341	$112,343	$104,869	

Debt Service for 11/01/2016:

Interest	$104,869

Total	$104,869

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

16

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

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
05/01/15	$	4,190,000.00	5.25%	$	95,000.00	$	109,987.50	-	
11/01/15	$	4,095,000.00	5.25%	-	$	107,493.75	$	312,481.25	
05/01/16	$	4,095,000.00	5.25%	$	100,000.00	$	107,493.75	-	
11/01/16	$	3,995,000.00	5.25%	-	$	104,868.75	$	312,362.50	
05/01/17	$	3,995,000.00	5.25%	$	105,000.00	$	104,868.75	-	
11/01/17	$	3,890,000.00	5.25%	-	$	102,112.50	$	311,981.25	
05/01/18	$	3,890,000.00	5.25%	$	115,000.00	$	102,112.50	-	
11/01/18	$	3,775,000.00	5.25%	-	$	99,093.75	$	316,206.25	
05/01/19	$	3,775,000.00	5.25%	$	120,000.00	$	99,093.75	-	
11/01/19	$	3,655,000.00	5.25%	-	$	95,943.75	$	315,037.50	
05/01/20	$	3,655,000.00	5.25%	$	125,000.00	$	95,943.75	-	
11/01/20	$	3,530,000.00	5.25%	-	$	92,662.50	$	313,606.25	
05/01/21	$	3,530,000.00	5.25%	$	135,000.00	$	92,662.50	-	
11/01/21	$	3,395,000.00	5.25%	-	$	89,118.75	$	316,781.25	
05/01/22	$	3,395,000.00	5.25%	$	140,000.00	$	89,118.75	-	
11/01/22	$	3,255,000.00	5.25%	-	$	85,443.75	$	314,562.50	
05/01/23	$	3,255,000.00	5.25%	$	145,000.00	$	85,443.75	-	
11/01/23	$	3,110,000.00	5.25%	-	$	81,637.50	$	312,081.25	
05/01/24	$	3,110,000.00	5.25%	$	155,000.00	$	81,637.50	-	
11/01/24	$	2,955,000.00	5.25%	-	$	77,568.75	$	314,206.25	
05/01/25	$	2,955,000.00	5.25%	$	165,000.00	$	77,568.75		
11/01/25	$	2,790,000.00	5.25%	-	$	73,237.50	$	315,806.25	
05/01/26	$	2,790,000.00	5.25%	$	170,000.00	$	73,237.50		
11/01/26	$	2,620,000.00	5.25%	-	$	68,775.00	$	312,012.50	
05/01/27	$	2,620,000.00	5.25%	$	180,000.00	$	68,775.00		
11/01/27	$	2,440,000.00	5.25%	-	$	64,050.00	$	312,825.00	
05/01/28	$	2,440,000.00	5.25%	$	190,000.00	$	64,050.00		
11/01/28	$	2,250,000.00	5.25%	-	$	59,062.50	$	313,112.50	
05/01/29	$	2,250,000.00	5.25%	$	200,000.00	$	59,062.50		
11/01/29	$	2,050,000.00	5.25%	-	$	53,812.50	$	312,875.00	
05/01/30	$	2,050,000.00	5.25%	$	210,000.00	$	53,812.50		
11/01/30	$	1,840,000.00	5.25%		48,300.00	$	312,112.50	
05/01/31	$	1,840,000.00	5.25%	$	225,000.00	$	48,300.00	-	
11/01/31	$	1,615,000.00	5.25%	-	$	42,393.75	$	315,693.75	
05/01/32	$	1,615,000.00	5.25%	$	235,000.00	$	42,393.75	-	
11/01/32	$	1,380,000.00	5.25%	-	$	36,225.00	$	313,618.75	
05/01/33	$	1,380,000.00	5.25%	$	250,000.00	$	36,225.00	-	
11/01/33	$	1,130,000.00	5.25%	-	$	29,662.50	$	315,887.50	
05/01/34	$	1,130,000.00	5.25%	$	260,000.00	$	29,662.50	-	
11/01/34	$	870,000.00	5.25%	-	$	22,837.50	$	312,500.00	
05/01/35	$	870,000.00	5.25%	$	275,000.00	$	22,837.50	-	
11/01/35	$	595,000.00	5.25%	-	$	15,618.75	$	313,456.25	
05/01/36	$	595,000.00	5.25%	$	290,000.00	$	15,618.75	-	
11/01/36	$	305,000.00	5.25%		$	8,006.25	$	313,625.00	
05/01/37	$	305,000.00	5.25%	$	305,000.00	$	8,006.25	$	313,006.25	
			$	4,190,000.00	$	3,025,837.50	$	7,215,837.50	

17

Turnbull Creek
Community Development District	Capital Reserve Fund

	Adopted
Budget	
Actual YTD	
Projected	Adopted
Budget	
Description	FY 2015	7/31/15	9/30/2015	FY 2016	

REVENUES:					
Capital Reserve - Transfer In	$51,184	$51,184	$51,184	$47,250	
Carry Forward Surplus	$315,861	$233,656	$233,656	$237,046	
Total Revenues	$367,045	$284,840	$284,840	$284,296	

EXPENDITURES:					
Capital Outlay	$0	$46,257	$46,257	$0	
Repair and Replacements	$0	$1,537	$1,537	$0	
Tootal Expenditures	$0	$47,794	$47,794	$0	
					
EXCESS REVENUES / (EXPENDITURES)	$367,045	$237,046	$237,046	$284,296	

18