Turnbull Creek
Community Development District

Adopted Budget Fiscal Year 2018
September 20, 2017

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 2015A1-A2	Page 11-13
Series 2015B1-B2	Page 14-16
Series 2016	Page 17-18
Summary of CDD Assessments	Page 19 Capital Reserve Fund Budget	Page 20

	Adopted Budget	Actual YTD	
Next	
Projected	Adopted Budget	
Description	FY 2017	07/31/17	2 Months	FY 2017	FY 2018	

Revenues						
Maintenance Assessments	$1,032,448	$1,035,481	$0	$1,035,481	$1,126,178	
Interest / Miscellaneous	$2,000	$1,575	$315	$1,575	$13,500	
Amenities Revenue*	$2,000	$1,566	$434	$2,000	$2,000	
Interfund Transfer In	$0	$3,100	$0	$3,100	$0	
Total Revenues	$1,036,448	$1,041,722	$749	$1,042,156	$1,141,678	
*any Comcast Revenue Sharing to be placed in Capital Reserves.	
Expenditures						

Administrative						
Supervisor Fees	$11,000	$9,000	$2,000	$11,000	$7,000	
FICA Expense	$842	$689	$153	$842	$536	
Engineering (Yuro & Associates) *	$21,000	$16,522	$4,478	$21,000	$22,000	
Arbitrage (Grau)	$3,000	$3,000	$0	$3,000	$3,000	
Dissemination (GMS) *	$2,200	$1,367	$833	$2,200	$2,200	
Trustee (US Bank) *	$12,667	$9,390	$3,277	$12,667	$12,667	
Attorney (HGS) *	$42,000	$32,120	$6,424	$38,544	$35,000	
Tax Roll Assessments (GMS) *	$5,000	$5,000	$0	$5,000	$5,000	
Annual Audit (Grau and Assoc) *	$4,300	$4,323	$0	$4,323	$3,525	
Management Fees (GMS) *	$49,000	$40,833	$8,167	$49,000	$49,000	
Information Tecnology *	$1,600	$1,333	$267	$1,600	$1,600	
Telephone	$250	$354	$71	$425	$450	
Postage	$1,500	$717	$143	$861	$1,100	
Printing & Binding	$2,200	$2,481	$496	$2,977	$1,250	
Insurance (FIA)	$8,643	$8,014	$0	$8,014	$8,816	
Legal Advertising	$2,164	$1,502	$662	$2,164	$1,350	
Other Current Charges	$1,380	$1,390	$0	$1,390	$1,800	
Office Supplies	$400	$214	$186	$400	$250	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Total Administrative Expenses	$169,321	$138,423	$27,158	$165,581	$156,719	

Amenity Center						
Insurance (FIA)	$14,952	$14,240	$0	$14,240	$15,664	
Pest Control (B&B and Turner Pest Control) *	$2,700	$1,850	$370	$2,220	$2,673	
Repairs & Replacements	$69,610	$21,808	$4,362	$26,170	$45,000	
Recreational Passes	$1,200	$400	$200	$600	$600	
Office Supplies	$2,000	$2,847	$0	$2,847	$2,000	
Other Current Charges	$300	$0	$300	$300	$300	
Permit Fees (Pool, ASCAP/BMI/SEASAC)	$1,500	$1,832	$0	$1,832	$1,850	
Utilities						
Water & Sewer (STCUD)	$9,100	$9,132	$1,868	$11,000	$11,000	
Electric (FPL)	$34,500	$28,219	$3,400	$31,619	$31,700	
Telephone/Internet (Comcast) *	$0	$3,220	$644	$3,864	$4,530	
Cable (DIRECTV)	$0	$598	$0	$598	$0	

	Adopted Budget	Actual YTD	
Next	
Projected	Adopted Budget	
Description	FY 2017	07/31/17	2 Months	FY 2017	FY 2018	

Management Contracts						
Lifeguards/Pool Monitors (VESTA) *	$32,200	$17,473	$14,727	$32,200	$32,200	
Facilty Monitor (VESTA) *	$27,900	$23,250	$4,650	$27,900	$27,900	
Facility Management (VESTA) *	$59,500	$49,583	$9,917	$59,500	$59,500	
Facility Attendants (VESTA) *	$17,000	$14,167	$2,833	$17,000	$17,000	
Field Operations (VESTA) *	$50,500	$42,083	$8,417	$50,500	$50,500	
Facility Maintenance (VESTA) *	$48,000	$40,000	$8,000	$48,000	$48,000	
Pool Maintenance (VESTA) *	$14,300	$11,917	$2,383	$14,300	$14,300	
Pool Chemicals	$12,000	$9,851	$2,149	$12,000	$11,000	
Janitorial Services (VESTA) *	$8,800	$7,333	$1,467	$8,800	$8,800	
Refuse Service (Advance Disposal) *	$6,317	$5,800	$517	$6,317	$7,000	
Security - ENVERA *	$5,640	$4,322	$1,318	$5,640	$5,800	
Special Events	$11,000	$6,181	$4,819	$11,000	$9,000	
Program Director (VESTA) *	$5,500	$4,125	$1,375	$5,500	$2,500	
Total Amenity Center Expenses	$434,519	$320,230	$73,715	$393,945	$408,817	

Grounds Maintenance						
Electric (FPL)	$6,500	$2,901	$580	$3,481	$3,510	
Streetlighting (FPL)	$34,600	$29,755	$4,845	$34,600	$35,375	
Lake Maintenance (Future Horizons) *	$8,640	$7,200	$1,440	$8,640	$8,640	
Landscape Maintenance (Duval Landscape) *	$265,236	$223,055	$42,181	$265,236	$265,236	
Landscape Contingency	$28,496	$15,156	$13,341	$28,496	$34,500	
Pond Bank Reserves	$10,000	$0	$10,000	$10,000	$0	
Miscellaneous	$8,500	$3,148	$5,352	$8,500	$3,800	
Irrigation Repairs	$10,000	$20,266	$4,053	$24,319	$18,000	
Contingency	$0	$1,580	$0	$1,580	$0	
Capital Reserves	$60,637	$60,637	$0	$60,637	$207,081	
Total Grounds Maintenance Expenses	$432,609	$363,697	$81,792	$445,489	$576,142	
						
TOTAL EXPENDITURES	$1,036,448	$822,350	$182,666	$1,005,015	$1,141,678	
						
EXCESS REVENUES / (EXPENDITURES)	$0	$219,372	-$181,917	$37,141	$0	

$1,032,448
$	65,870	$ 1,126,178
$	71,850	
$ 1,098,319	$ 1,198,028	

740
219	
740
219	
959	959	
$ 1,145.27	$ 1,249.25	

* under Contract	FY 2017	FY 2018
Net Assessments
Add: Discounts & Collections Gross Assessments
Lots:
Phase I Lots Phase II Lots Total Lots
Per Lot Assessment

REVENUES:

Community Development District
GENERAL FUND BUDGET
Fiscal Year 2018

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, Yuro and Associates, LLC, 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 2016, Special Assessment Bonds. Grau & Associates currently provides this calculation.

Dissemination Agent

The Annual Disclosure Report prepared by GMS, 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 2016, 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 and maintain the District’s Lien Book.

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.

Information Technology

The cost related to District’s accounting and information systems, District website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

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 Economic Opportunity 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 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.

5

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	
515577-114371	101 W Positano Ave - Water	$	352	$	4,221	
532445-124596	123 E Franchetta Dr - Water	$	31	$	369	
532445-124406	4106 Messina Dr - Water	$	34	$	406	
532445-124405	168 Toscana Ln	$	33	$	393	
				
515577-114371	101 W Positano Ave - Sewer	$	369	$	4,425	
532445-124596	123 E Franchetta Dr - Sewer	$	59	$	708	
	Contingency	$	40	$	478	
	Total	$	917	$	11,000	

Electric

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

Account Number	Description	Monthly	Annual	
2722888282	101 W Positano Ave	$	2,055	$	24,664	
6889119035	101 W Positano Ave #1	$	335	$	4,018	
	Contingency	$	252	$	3,018	
	Total	$	2,642	$	31,700	

Telephone/Cable/Internet

Comcast is providing the District cost-free phone, cable, and internet service under terms of an agreement reached between the District and Comcast.

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	2,683.33	32,200.00	
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	2,325.00	27,900.00	

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	4,958.33	59,500.00	
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	1,416.67	17,000.00	
Field Operations

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

Contract	Monthly	Annual	
Amenity Services Group	4,208.33	50,500.00	

Facility Maintenance

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

Contract	Monthly	Annual	
Amenity Services Group	4,000.00	48,000.00	

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	1,191.67	14,300.00	
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	916.67	11,000.00	
Janitorial Services

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

Contract	Monthly	Annual	
Amenity Services Group	733.33	8,800.00	
Refuse Service

Garbage disposal service is with Advance Disposal

Contract	Monthly	Annual	
Advance Disposal	583.33	7,000.00	
Security

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

Contract	Monthly	Annual	
Envera	483.33	5,800.00	

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	$208.33	$2,500.00	

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	$	40	$	475	
9561370132	100 W Positano Ave	$	72	$	868	
5841524282	111 W Positano Ave # Kiosk	$	10	$	120	
8189715355	168 Toscana Lane	$	34	$	410	
2781798307	5085 State Road 16 # Light	$	12	$	148	
5191830404	5335 San Giaconio	$	10	$	125	
6555783429	5335 State Rd 16 #1	$	72	$	867	
5907098254	90 E Franchetta Ln # Light	$	10	$	124	
	Contingency	$	31	$	373	
	Total	$	293	$	3,510	
Street Lighting

The District street lighting cost for the community

Account Number	Description	Monthly	Annual Amount	
2298893591	W Bonaventure Way	$	2,765	$	33,180	
4217317033	Verona Way	$	116	$	1,395	
	Contingency	$	67	$	800	
	Total	$	2,948	$	35,375	
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.

Turnbull Creek	Debt Service Fund Community Development District		Series 2015A

	Adopted
Budget	
Actual YTD	
Projected	Adopted
Budget	
Description	FY 2017	07/31/17	9/30/17	FY 2018	

Revenues					
Carry Forward Surplus (1)	$267,704	$282,717	$282,717	$282,717	
Interest Income	$300	$4,182	$4,182	$300	
Assessments	$989,969	$991,539	$991,539	$989,969	
Prepayments A1	$0	$13,084	$13,084	$0	
Prepayments A2	$0	$3,347	$3,347	$0	
Total Revenues	$1,257,973	$1,294,869	$1,294,869	$1,272,986	

Expenditures					
Series 2015 A-1
Interest 11/1	
$190,569	
$190,569	
$190,569	
$187,109	
Principal Prepayment 11/1	$0	$10,000	$10,000	$0	
Interest 5/1	$190,569	$190,369	$190,569	$187,109	
Principal 5/1	$395,000	$395,000	$395,000	$405,000	
Series 2015 A-2
Interest 11/1	
$62,344	
$62,344	
$62,344	
$60,206	
Principal Prepayment 11/1	$0	$5,000	$5,000	$0	
Interest 5/1	$62,344	$62,225	$62,225	$60,206	
Principal 5/1	$90,000	$90,000	$90,000	$90,000	
Special Call 5/1	$15,000	$10,000	$10,000	$0	
Total Expenditures	$1,005,826	$1,015,508	$1,015,708	$989,631	
					
EXCESS REVENUES / (EXPENDITURES)	$252,146	$279,361	$279,161	$283,354	

(1) Net of Debt Service Reserve Funds					
Debt Service for 11/01/2018:	
Interest	$183,359	
Interest	$57,831	
Total	$241,190	

Net Assessments
Add: Disc. and Collections (6%) Gross Assessments	$989,969
$63,189	
	$1,053,158	

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
11/01/17	$	9,865,000.00		-	$	187,109.38	$	187,109.38	
05/01/18	$	9,865,000.00	2.000%	$	405,000.00	$	187,109.38	-	
11/01/18	$	9,460,000.00		-	$	183,059.38	$	775,168.76	
05/01/19	$	9,460,000.00	2.300%	$	415,000.00	$	183,059.38	-	
11/01/19	$	9,045,000.00		-	$	178,286.88	$	776,346.26	
05/01/20	$	9,045,000.00	2.600%	$	425,000.00	$	178,286.88	-	
11/01/20	$	8,620,000.00			$	172,761.88	$	776,048.76	
05/01/21	$	8,620,000.00	2.850%	$	435,000.00	$	172,761.88	-	
11/01/21	$	8,185,000.00		-	$	166,563.13	$	774,325.01	
05/01/22	$	8,185,000.00	3.150%	$	450,000.00	$	166,563.13	-	
11/01/22	$	7,735,000.00		-	$	159,475.63	$	776,038.76	
05/01/23	$	7,735,000.00	3.400%	$	465,000.00	$	159,475.63	-	
11/01/23	$	7,270,000.00		-	$	151,570.63	$	776,046.26	
05/01/24	$	7,270,000.00	3.750%	$	480,000.00	$	151,570.63	-	
11/01/24	$	6,790,000.00		-	$	142,810.63	$	774,381.26	
05/01/25	$	6,790,000.00	3.850%	$	500,000.00	$	142,810.63		
11/01/25	$	6,290,000.00		-	$	133,435.63	$	776,246.26	
05/01/26	$	6,290,000.00	4.000%	$	515,000.00	$	133,435.63		
11/01/26	$	5,775,000.00		-	$	123,521.88	$	771,957.51	
05/01/27	$	5,775,000.00	4.000%	$	525,000.00	$	123,521.88		
11/01/27	$	5,250,000.00		-	$	113,021.88	$	761,543.76	
05/01/28	$	5,250,000.00	4.250%	$	560,000.00	$	113,021.88		
11/01/28	$	4,690,000.00		-	$	101,121.88	$	774,143.76	
05/01/29	$	4,690,000.00	4.250%	$	585,000.00	$	101,121.88		
11/01/29	$	4,105,000.00		-	$	88,690.63	$	774,812.51	
05/01/30	$	4,105,000.00	4.250%	$	610,000.00	$	88,690.63		
11/01/30	$	3,495,000.00		-	$	75,728.13	$	774,418.76	
05/01/31	$	3,495,000.00	4.250%	$	635,000.00	$	75,728.13	-	
11/01/31	$	2,860,000.00		-	$	62,234.38	$	772,962.51	
05/01/32	$	2,860,000.00	4.375%	$	665,000.00	$	62,234.38	-	
11/01/32	$	2,195,000.00		-	$	47,687.50	$	774,921.88	
05/01/33	$	2,195,000.00	4.375%	$	695,000.00	$	47,687.50	-	
11/01/33	$	1,500,000.00		-	$	32,484.38	$	775,171.88	
05/01/34	$	1,500,000.00	4.375%	$	725,000.00	$	32,484.38	-	
11/01/34	$	775,000.00		-	$	16,625.00	$	774,109.38	
05/01/35	$	775,000.00	4.375%	$	760,000.00	$	16,625.00	-	
11/01/35	$	15,000.00		-		$	776,625.00	
			$	9,850,000.00	$	4,272,377.66	$	14,122,377.66	

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
11/01/17	$	2,525,000.00		-	$	59,968.75	$	212,193.75	
05/01/18	$	2,525,000.00	4.750%	$	90,000.00	$	59,968.75	-	
11/01/18	$	2,435,000.00		-	$	57,831.25	$	207,800.00	
05/01/19	$	2,435,000.00	4.750%	$	95,000.00	$	57,831.25	-	
11/01/19	$	2,340,000.00		-	$	55,575.00	$	208,406.25	
05/01/20	$	2,340,000.00	4.750%	$	100,000.00	$	55,575.00	-	
11/01/20	$	2,240,000.00			$	53,200.00	$	208,775.00	
05/01/21	$	2,240,000.00	4.750%	$	105,000.00	$	53,200.00	-	
11/01/21	$	2,135,000.00		-	$	50,706.25	$	208,906.25	
05/01/22	$	2,135,000.00	4.750%	$	110,000.00	$	50,706.25	-	
11/01/22	$	2,025,000.00		-	$	48,212.50	$	208,918.75	
05/01/23	$	2,025,000.00	4.750%	$	115,000.00	$	48,093.75	-	
11/01/23	$	1,910,000.00		-	$	45,362.50	$	208,456.25	
05/01/24	$	1,910,000.00	4.750%	$	120,000.00	$	45,362.50	-	
11/01/24	$	1,790,000.00		-	$	42,512.50	$	207,875.00	
05/01/25	$	1,790,000.00	4.750%	$	125,000.00	$	42,512.50		
11/01/25	$	1,665,000.00		-	$	39,662.50	$	207,175.00	
05/01/26	$	1,665,000.00	4.750%	$	135,000.00	$	39,662.50		
11/01/26	$	1,530,000.00		-	$	36,456.25	$	211,118.75	
05/01/27	$	1,530,000.00	4.750%	$	140,000.00	$	36,456.25		
11/01/27	$	1,390,000.00		-	$	33,131.25	$	209,587.50	
05/01/28	$	1,390,000.00	4.750%	$	145,000.00	$	33,131.25		
11/01/28	$	1,245,000.00		-	$	29,687.50	$	207,818.75	
05/01/29	$	1,245,000.00	4.750%	$	155,000.00	$	29,687.50		
11/01/29	$	1,090,000.00		-	$	26,006.25	$	210,693.75	
05/01/30	$	1,090,000.00	4.750%	$	160,000.00	$	26,006.25		
11/01/30	$	930,000.00		-	$	22,206.25	$	208,212.50	
05/01/31	$	930,000.00	4.750%	$	170,000.00	$	22,206.25	-	
11/01/31	$	760,000.00		-	$	18,168.75	$	210,375.00	
05/01/32	$	760,000.00	4.750%	$	175,000.00	$	18,168.75	-	
11/01/32	$	585,000.00		-	$	13,893.75	$	207,062.50	
05/01/33	$	585,000.00	4.750%	$	185,000.00	$	13,893.75	-	
11/01/33	$	400,000.00		-	$	9,500.00	$	208,393.75	
05/01/34	$	400,000.00	4.750%	$	195,000.00	$	9,500.00	-	
11/01/34	$	205,000.00		-	$	4,868.75	$	209,368.75	
05/01/35	$	205,000.00	4.750%	$	205,000.00	$	4,868.75	-	

11/01/35	$	-

-   $	-	$

209,868.75

$	2,525,000.00   $	1,293,781.25   $	3,971,006.25

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

	Adopted
Budget	Actual
YTD	
Projected	Adopted
Budget	
Description	FY 2017	07/31/17	9/30/17	FY 2018	

Revenues					
Carry Forward Surplus (1)	$34,195	$30,989	$30,989	$35,043	
Interest Income	$0	$358	$400	$0	
Assessments	$79,318	$79,470	$79,470	$79,318	
Prepayments B1	$0	$1,956	$1,956	$0	
Prepayments B2	$0	$498	$498	$0	
Total Revenues	$113,513	$113,271	$113,313	$114,361	

Expenditures					
Series 2015B1
Interest 11/1	
$20,485	
$20,485	
$20,485	
$20,325	
Interest 5/1	$20,485	$20,485	$20,485	$20,325	
Principal 5/1	$20,000	$20,000	$20,000	$20,000	
Series 2015B2
Interest 11/1	
$6,150	
$6,150	
$6,150	
$6,031	
Interest 5/1	$6,150	$6,150	$6,150	$6,031	
Principal 5/1	$5,000	$5,000	$5,000	$5,000	
Total Expenditures	$78,270	$78,270	$78,270	$77,713	
					
EXCESS REVENUES / (EXPENDITURES)	$35,243	$35,001	$35,043	$36,649	
(1) Net of Debt Service Reserve Funds					
Debt Service for 11/01/2018:	
Interest	$5,913	
	$20,125	
Total	$26,038	

Net Assessments
Add: Disc. and Collections (6%) Gross Assessments	$79,318
$5,063	
	$84,381	

Series 2015B-1 Senior Assessment Bonds
AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
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	
			$	980,000.00	$	735,091.26	$	1,755,576.26	

Series 2015B-2 Subordinate Special Assessment Bonds
AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
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	

Turnbull Creek
Community Development District	Debt Service Fund
Series 2016

	Adopted
Budget	
Actual YTD	
Projected	Adopted
Budget	
Description	FY 2017	07/31/17	9/30/17	FY 2018	

Revenues					
Carry Forward Surplus	$78,920	$82,869	$82,869	$83,065	
Interest Income	$0	$741	$0	$0	
Assessments - Prepayments	$0	$18,042	$18,042	$0	
Assessments - Tax Collector	$287,855	$288,700	$288,700	$286,688	
Total Revenues	$366,774	$390,352	$389,611	$369,753	

Expenditures					
Series 2016					
Interest 11/1	$78,920	$78,920	$78,920	$74,851	
Interest 5/1	$77,626	$77,626	$77,626	$74,851	
Principal 5/1	$135,000	$135,000	$135,000	$139,000	
Special Call 5/1	$0	$15,000	$15,000	$0	
Total Expenditures	$291,546	$306,546	$306,546	$288,702	
					
EXCESS REVENUES / (EXPENDITURES)	$75,229	$83,806	$83,065	$81,051	

Debt Service for 11/01/2018:

Interest	$72,280

Total	$72,280

Net Assessments	$286,688
Add: Discounts and Collections	$18,291	
Gross Assessments	$304,979	

Turnbull Creek
Community Development District
Series 2016 Special Assessment Refunding and Revenue Bond

AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
						
11/01/17	$	4,061,000.00	3.70%		$	74,851.00	$	74,851.00	
05/01/18	$	4,061,000.00	3.70%	$	139,000.00	$	74,851.00	-	
11/01/18	$	3,922,000.00	3.70%	-	$	72,279.50	$	286,130.50	
05/01/19	$	3,922,000.00	3.70%	$	144,000.00	$	72,279.50	-	
11/01/19	$	3,778,000.00	3.70%	-	$	69,615.50	$	285,895.00	
05/01/20	$	3,778,000.00	3.70%	$	150,000.00	$	69,615.50	-	
11/01/20	$	3,628,000.00	3.70%	-	$	66,840.50	$	286,456.00	
05/01/21	$	3,628,000.00	3.70%	$	156,000.00	$	66,840.50	-	
11/01/21	$	3,472,000.00	3.70%	-	$	63,954.50	$	286,795.00	
05/01/22	$	3,472,000.00	3.70%	$	161,000.00	$	63,954.50	-	
11/01/22	$	3,311,000.00	3.70%	-	$	60,976.00	$	285,930.50	
05/01/23	$	3,311,000.00	3.70%	$	167,000.00	$	60,976.00	-	
11/01/23	$	3,144,000.00	3.70%	-	$	57,886.50	$	285,862.50	
05/01/24	$	3,144,000.00	3.70%	$	174,000.00	$	57,886.50	-	
11/01/24	$	2,970,000.00	3.70%	-	$	54,667.50	$	286,554.00	
05/01/25	$	2,970,000.00	3.70%	$	180,000.00	$	54,667.50		
11/01/25	$	2,790,000.00	3.70%	-	$	51,337.50	$	286,005.00	
05/01/26	$	2,790,000.00	3.70%	$	187,000.00	$	51,337.50		
11/01/26	$	2,603,000.00	3.70%	-	$	47,878.00	$	286,215.50	
05/01/27	$	2,603,000.00	3.70%	$	194,000.00	$	47,878.00		
11/01/27	$	2,409,000.00	3.70%	-	$	44,289.00	$	286,167.00	
05/01/28	$	2,409,000.00	3.70%	$	202,000.00	$	44,289.00		
11/01/28	$	2,207,000.00	3.70%	-	$	40,552.00	$	286,841.00	
05/01/29	$	2,207,000.00	3.70%	$	209,000.00	$	40,552.00		
11/01/29	$	1,998,000.00	3.70%	-	$	36,685.50	$	286,237.50	
05/01/30	$	1,998,000.00	3.70%	$	217,000.00	$	36,685.50		
11/01/30	$	1,781,000.00	3.70%		$	32,671.00	$	286,356.50	
05/01/31	$	1,781,000.00	3.70%	$	225,000.00	$	32,671.00	-	
11/01/31	$	1,556,000.00	3.70%	-	$	28,508.50	$	286,179.50	
05/01/32	$	1,556,000.00	3.70%	$	234,000.00	$	28,508.50	-	
11/01/32	$	1,322,000.00	3.70%	-	$	24,179.50	$	286,688.00	
05/01/33	$	1,322,000.00	3.70%	$	242,000.00	$	24,179.50	-	
11/01/33	$	1,080,000.00	3.70%	-	$	19,702.50	$	285,882.00	
05/01/34	$	1,080,000.00	3.70%	$	252,000.00	$	19,702.50	-	
11/01/34	$	828,000.00	3.70%	-	$	15,040.50	$	286,743.00	
05/01/35	$	828,000.00	3.70%	$	261,000.00	$	15,040.50	-	
11/01/35	$	567,000.00	3.70%	-	$	10,212.00	$	286,252.50	
05/01/36	$	567,000.00	3.70%	$	271,000.00	$	10,212.00	-	
11/01/36	$	296,000.00	3.70%		$	5,198.50	$	286,410.50	
05/01/37	$	296,000.00	3.70%	$	281,000.00	$	5,198.50		
11/01/37	$	296,000.00	3.70%			$	286,198.50	
			$	4,046,000.00	$	1,754,651.00	$	5,800,651.00	

Turnbull Creek
Summary of CDD Assessments

Annual Assessments

Series 2015A1-2

Debt

Pond Bank
Debt*	O&M

Annual Total

Single Family (Debt Payoff 2035)	1,451.69	88.08	1,145.27	2,685.04	

% of Total Assessment	54.1%	3.3%	42.7%

Series 2016 (San Marino & Pescara)
Single Family (Debt Payoff 2037)	1,427.85	88.08	1,145.27	2,661.20	

% of Total Assessment	53.7%	3.3%	43.0%

* Series 2015B1-2 (Debt Payoff 2045)

Turnbull Creek
Community Development District	Capital Reserve Fund

	Adopted
Budget	Actual
YTD	
Projected	Adopted
Budget	
Description	FY 2017	07/31/17	9/30/17	FY 2018	

REVENUES:					
Capital Reserve - Transfer In	$60,637	$60,637	$60,637	$207,081	
Carry Forward Surplus	$264,989	$261,034	$261,034	$307,408	
Comcast Revenue Share	$0	$4,972	$4,972	$0	
Total Revenues	$325,626	$326,643	$326,643	$514,489	

EXPENDITURES:					
Capital Outlay	$149,404	$0	$0	$329,411	
Repair and Replacements	$0	$19,235	$19,235	$0	
Tootal Expenditures	$149,404	$19,235	$19,235	$329,411	
					
EXCESS REVENUES / (EXPENDITURES)	$176,222	$307,408	$307,408	$185,078	

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