Turnbull Creek
Community Development District

Amended Budget Fiscal Year 2015
October 13, 2015

'Turnfru{{ Creek
Community 1Jeveloyment 1Jistrict

'T.Jl13LT  or CON'TTN'TS

Genera{ fund" 

Summary of Xevenues and" Txyencfitures Narrative - .Jlaministrative and":Maintenance

Page 1-2

Page 3-10

1Jeht Service fund"13ud"get 

Series 2005
Series 2006

Capita{ Xeserve fund" 13ud"get

Page 11-12
Page 13-14

Page 15

Turnbull Creek Community Development District
General Fund - Proposed Budget - Fiscal Year 2015

Amended Budget FY 2015

Adopted Budget FY 2015

Projected FY2014

6/30/14

FY 2014

Description

Adopted Budget Actual YTD

Revenues		
Carryforward Surplus	$0	$441,416	$441,416	$0	$18,837	
Maintenance Assessments	$859,697	$862,861	$862,861	$917,698	$919,666	
Interest / Miscellaneous	$1,369	$654	$800	$1,369	$2,137	
Amenities Revenue	$2,700	$1,325	$2,700	$2,700	$1,700	
Interfund Transfer In (1)	$0	$0	$0	$0	$9	
Total Revenues	$863,766	$1,306,255	$1,307,776	$921,767	$942,349	

Expenditures						
Administrative						
Supervisor Fees	$7,000	$6,600	$9,600	$10,000	$17,000	
Supervisor Fees (Continued Meetings)	$3,000	$800	$800	$4,000	0	
FICA Expense	$765	$566	$796	$1,071	$1,301	
Engineering (ETM)	$10,000	$25,094	$40,251	$15,000	$29,225	
Arbitrage (Grau)	$1,800	$600	$1,800	$1,800	$1,800	
Dissemination (Prager Sealy)	$6,100	$2,000	$2,250	$2,250	$2,000	
Trustee (US Bank)	$8,000	$10,232	$10,232	$10,232	$6,862	
Attorney (HGS)	$36,000	$40,666	$54,221	$42,000	$42,491	
Tax Roll Assessments (GMS)	$5,000	$5,000	$5,000	$5,000	$5,000	
Annual Audit (Grau and Assoc)	$3,775	$3,700	$3,700	$3,400	$3,400	
Management Fees (GMS)	$43,000	$32,250	$43,000	$49,000	$49,000	
Computer Time (GMS)	$1,000	$750	$1,000	$1,000	$1,000	
Telephone	$275	$241	$379	$415	$324	
Postage	$2,000	$1,200	$2,000	$2,000	$1,808	
Printing & Binding	$4,500	$2,017	$3,331	$3,500	$6,212	
Insurance (FIA)	$7,876	$7,726	$7,726	$7,726	$7,726	
Legal Advertising	$1,700	$904	$2,164	$2,164	$2,511	
Other Current Charges	$900	$880	$1,225	$1,380	$1,360	
Office Supplies	$200	$198	$269	$270	$356	
Dues, Licenses & Subscriptions	$175	$175	$175	$175	$175	
Total Administrative Expenses	$143,066	$141,598	$189,917	$162,383	$179,551	

Amenity Center						
Insurance (FIA)	$15,903	$14,741	$14,741	$14,741	$14,240	
Pest Control (Turner Pest Control)	$2,705	$1,665	$2,673	$3,500	$2,673	
Repairs & Replacements	$21,849	$21,019	$22,066	$23,375	$30,670	
Recreational Passes	$1,200	$400	$800	$1,200	$1,000	
Capital Outlay	$20,000	$17,882	$17,882	$0	$0	
Postage	$200	$0	$0	$0	$0	
Printing & Binding	$50	$0	$0	$0	$0	
Office Supplies	$1,725	$2,194	$2,580	$2,580	$1,508	
Other Current Charges	$300	$0	$0	$300	$15	
Permit Fees	$375	$350	$350	$500	$1,702	
Utilities
Water & Sewer (STCUD)	
$13,000	
$7,457	
$9,437	
$13,000	
$8,412	
Electric (FPL)	$34,500	$21,081	$30,038	$33,500	$34,223	
Telephone/Internet (Comcast)	$2,400	$1,913	$2,585	$2,700	$2,781	
Cable (DIRECTV)	$1,325 1	$1,023	$1,374	$1,404	$1,442	

Turnbull Creek Community Development District
General Fund - Proposed Budget - Fiscal Year 2015

Amended Budget FY 2015

Adopted Budget FY 2015

Projected FY2014

6/30/14

FY 2014

Description

Adopted Budget Actual YTD

Management Contracts

Lifeguards/Pool Monitors (ASG)	$34,886	$20,758	$34,886	$30,964	$26,738	
Facilty Monitor (ASG)	$0	$0	$0	$18,600	$18,600	
Facility Management (ASG)	$56,438	$42,329	$56,438	$57,567	$57,567	
Facility Attendants (ASG)	$16,369	$12,277	$16,369	$16,369	$16,369	
Field Operations (ASG)	$47,710	$35,782	$47,710	$48,664	$48,664	
Facility Maintenance (ASG)	$0	$0	$0	$24,000	$22,000	
Pool Maintenance (ASG)	$14,040	$10,530	$14,040	$14,040	$14,040	
Pool Chemicals	$10,457	$7,599	$11,003	$11,003	$10,980	
Janitorial Services (ASG)	$8,200	$6,150	$8,200	$8,700	$8,700	
Refuse Service (Waste Management)	$5,285	$4,197	$5,730	$5,800	$6,155	
Security Monitoring/Maint	$280	$1,024	$1,024	$0	0	
Security - ENVERA	$15,000	$1,105	$6,640	$6,640	$4,230	
Special Events	$9,000	$6,795	$9,000	$11,000	$12,145	
Maintenance Reserves	$4,000	$530	$1,030	$4,000	$796	
Program Director	$3,715	$2,786	$3,715	$3,715	$3,715	
Total Amenity Center Expenses	$340,912	$241,587	$320,310	$357,862	$349,365	
Grounds Maintenance						
Electric (FPL)	$5,500	$4,108	$5,644	$5,710	$6,006	
Streetlighting (FPL)	$31,000	$24,567	$33,066	$35,000	$33,886	
Lake Maintenance (Future Horizons)	$8,640	$6,480	$8,640	$11,280	$8,640	
Landscape Maintenance (Austin Outdoors)	$272,676	$204,507	$272,676	$280,848	$293,797	
Miscellaneous	$4,500	$3,267	$4,500	$4,500	$2,018	
Irrigation Repairs	$6,000	$2,866	$6,000	$8,000	$11,917	
Contingency	$5,000	$4,120	$5,000	$5,000	$5,985	
Capital Reserves	$46,473	$46,473	$46,473	$51,184	$51,184	
Interfund Transfer Out - Capital Reserve	$0	$230,000	$230,000	$0	$0	
Total Grounds Maintenance Expenses	$379,789	$526,388	$612,000	$401,522	$413,434	
						
TOTAL EXPENDITURES	$863,766	$909,573	$1,122,227	$921,767	$942,349	
						
EXCESS REVENUES / (EXPENDITURES)	$0	$396,683	$185,550	$0	$0	

$	859,697
$	54,849	$	917,698
$	58,549	
$	914,546	$	976,247	

740
219	
740
219	
959	959	
$	953.65	$	1,017.98	

FY 2014	FY 2015
Net Assessments
Add: Discounts & Collections Gross Assessments
Lots:
Phase I Lots Phase II Lots Total Lots
Per Lot Assessment

REVENUES:

'I'urn6u[[ Creek
Community 1Jeve{opment Vistrict
(j'E:N'E'R'AL :f'U:N'D 'B'l11J(j'E'T
:fisca{Jjear 2015

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.

'Turn6u{{ Creek
Community 1Jeve{oyment 1Jistrict
(j'EJV'ER:AL :J'UJV'D 13'U'D(j'ET
:Jisca{}jear 2015
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 2005 and Series 2006, Special Assessment Bonds are held by  a Trustee with US Bank. This amount represents the annual fee for the administration of the District's bond issues.

Attorney

The District's legal counsel, Hopping Green & Sams, will provide general legal services to the District, i.e. attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.

Tax Roll Assessments

GMS, LLC serves as the District's collection agent and 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 main frame computer leased by Governmental Management Services, LLC.

Telephone

Telephone and fax machine

Postage

Mailing of agenda packages, overnight deliveries, correspondence, etc

'Turnbu[[ Creei
Community 1Jeve{opment District
G'EJV:E'R'AL :ruN1J 'B'll'D(j'ET
:fisca{year 2015
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.

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 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 Creeli
Community 1Jeve{oyment 1Jistrict
(j'E:N'E'R'AL  ]"U:NJJ 13'l.11J(j'ET
:fisca(1f ear 2015
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 of the 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

Account Number	-	Description	Monthly	Annual	
515577-114371	101 W Positano Ave - Water	$	344	$	4,132	
532445-124596	123 E Franchetta Dr - Water	$	32	$	382	
532445-124406	4106 Messina Dr - Water	$	32	$	382	
				
515577-114371	101 W Positano Ave - Sewer	$	344	$	4,125	
532445-124596	123 E Franchetta Dr - Sewer	$	33	$	400	
	Contingency	rs$	298		rs$	3,579	
	Total		1,083		13,000	
		I		I	-	

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

J

'Turn6uCC Creek
Community 1Jeve{oyment 1Jistrict
G'EN'E'R.J'U-  J"UNV 'BVVG'ET
:fisca{year 2015
Electric

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

Account Number	Description	Monthly	Annual	
2722888282	101 W Positano Ave	$ 2,213	$	26,550	
6889119035	101 W Positano Ave #1	$	292	$	3,500	
	Contingency	$	288	$	3,450	
	Total	$ 2,792	$	33,500	
	I	l	

Telephone/Cable/Internet

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

I

Account Number	Description	Monthly	Annual	
	Comcast	$	201	$	2,700	
	DirecTV	$	117	$	1,404	
	Total	$	318	$	4,104	
	I
I		

!
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 Monitor

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

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.

Turnbu({ Creek
Community VeveCopment Vistrict
§'E:N:E'R.'AL :ru:N1J 'B'U'D§'ET
:fisca{Year 2015
Facility Maintenance

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

Pool Maintenance

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

Pool Chemicals

The District, contracts with Poolsure, Inc, to provide 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 Advance Disposal.

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 r1enewal 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.

'I'urn6u{{ Creek
Community 1Jeve{opment 1Jistrict
(j'EN'E'R.JU  :PUNV 13'll'D(j'ET
:Fisca[}Jear 2015

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	$	87	$	1,045	
9561370132	100 W Positano Ave	$	120	$	1,438	
5841524282	111 W Positano Ave# Kiosk	$	21	$	250	
8189715355	168 Toscana Lane	$	63	$	757	
2781798307	5085 State Road 16 # Light	$	20	$		
				240	
5191830404	5335 San Giaconio	$	20	$	241	
6555783429	5335 State Rd 16 #1	$	113	$	1,357	
5907098254	90 E Franchetta Ln # Light	$	11	$	134	
	Contingency	$	21	$	248	
	Total	$	476	$	5,710	
		i	I I		

I
Street Lighting

Account Number	Description	Monthly	Annual Amount	
22988935 Bonaventure Way	$	2,624	$	31,485	
421	Verona Way	$	80	$	961	
	Contingency	$	213	$	2,554	
	Total	$	2,917	$	35,000	
]	I
I	

The District street lighting cost for the community

I

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.

--	Monthly	Annual Amount	
-
Future Horizons	$	940	$	11,280	

'Turnbu(C Creek.
Community 1JeveCopment 1Jistrict
(j'E:N'.E'R.Jl[, :ruND 'BV'IJ(j'ET
:fisca{1f ear 2015

Landscape Maintenance

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

	Monthly	Annual Amount	
Austin Outdoors	$	23,404	$	280,848	

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.

'TurnfuCC Creek
Community 'DeveCoyment 'District	'DeEt Service :Puna
Series 2005

	.'Atwptea	.JlctuaCYTD	Projectea		.'Atwptea	
1Jescri tum	1J	et:FY 2014	6/30/14	9/30/14	1J	et:FY 2015	

'.Revenues						
Carry J'orwartf Sury{us	$397,343	$425,256	$425,256		$391,360	
Interest Income	$800	$57	$72		$80	
.'Assessments	$1,075,458	$1,078,630	$1,078,630		$1,074,685	
I'I'otaC'.Revenues	
$1,473,601	
$1,503,944	
$1,503,958		$1,466,125I	

'.Expendltures						
Series 2005						
Interest 11/1	$387,005	$387,005	$387,005		$377,725	
Syecia( Ca((11/1	$0	$10,000	$10,000		$0	
Interest 5/1	$387,005	$386,715	$386,715		$377,725	
'Principa( 5/1	$310,000	$310,000	$310,000		$325,000	
Otlier Sources & 'Uses						
Interfuna'Transfer Out(In)	$10,338	$18,878	$18,878		$13,635	
I'I'otaC'.Expendltures	
$1,094,348	
$1,112,598	
$1,112,598		
$1,094,oss 1	
						
	$379,253	$391,345	$391,360		$312,0401	

1Je6t Service for 11/01/2015:

Interest
'lotaC

:Net .Jtssessrrumts	$1,093,185
.Jldif Viscounts antfColie.ctions (6%)	 	$69,745 
(gross .'Assessrrumts	$1,162,930	$1,074,685
$68,597	
	$1,143,282	

'D'.E'B'T .JtS ISS'll'.E'D

 	$368,300.00 
$368,300.00

'Turnfru(C Creek
Community 1JeveCoyment 1Jistrfct
Series 2005 S_pecia[ .'A,ssessment 'Bonas
 	.Jl:Jvt.0'R'l1Z.Jt'I10:NSCJ-{'£1JU£'E	

'D.:A.'I'E	'B.Jt.C:A:NC'E	1U\'I'E	P1UNCTP.Jt.C	I:N'T'E'R'ES'I	'IO'I.Jt.C	
05/01/14	$	13,335,000.00	5.80%	$	310,000.00	$	386,715.00		
11/01/14	$	13,025,000.00	5.80%		$	377,725.00	$	1,074,440.00	
05/01/15	$	13,025,000.00	5.80%	$	325,000.00	$	377,725.00		
11/01/15	$	12,700,000.00	5.80%		$	368,300.00	$	1,071,025.00	
05/01/16	$	12,700,000.00	5.80%	$	345,000.00	$	368,300.00		
11/01/16	$	12,355,000.00	5.80%		$	358,295.00	$	1,071,595.00	
05/01/17	$	12,355,000.00	5.80%	$	365,000.00	$	358,295.00		
11/01/17	$	11,990,000.00	5.80%		$	347,710.00	$	1,071,005.00	
05/01/18	$	11,990,000.00	5.80%	$	390,000.00	$	347,710.00		
11/01/18	$	11,600,000.00	5.80%		$	336,400.00	$	1,074,110.00	
05/01/19	$	11,600,000.00	5.80%	$	410,000.00	$	336,400.00		
11/01/19	$	11,190,000.00	5.80%		$	324,510.00	$	1,070,910.00	
05/01/20	$	11,190,000.00	5.80%	$	435,000.00	$	324,510.00		
11/01/20	$	10,755,000.00	5.80%		$	311,895.00	$	1,071,405.00	
05/01/21	$	10,755,000.00	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	$	1,072,610.00	
05/01/23	$	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	
05/01/24	$	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%		$	218,225.00	$	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%		$	157,760.00	$	1,071,835.00	
05/01/30	$	5,440,000.00	5.80%	$	780,000.00	$	157,760.00		
11/01/30	$	4,660,000.00	5.80%		$	135,140.00	$	1,072,900.00	
05/01/31	$	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	$	1,074,710.00	
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	$	1,074,175.00	
05/01/35	$	1,045,000.00	5.80%	$	1,045,000.00	$	30,305.00	$	1,075,305.00	
 	$	13,335,000.00    $	10,269,915.00    $	23,604,915.00
12

'Turn6uCC Creek
Community 1JeveCoyment 1Jistrict	1Je6t Service :puru[

Se:ries 2006

	.:Aaoptea		Projectea		.:Aaoptea	
'Descri tum	'B	et:FY 2014		9/30/14	'B	et:FY 2015	

1«wenues							
Carry ]'orwaraSury(us		$118,967	$121,837	$121,837		$115,119	
Interest Income		$200	$16	$20		$200	
.'Assessments		$319,591	$317,793	$317,793		$316,630	
'Preyayment		$0	$0	$0		$0	
I'I'ota(1{evenues		$438,758	$439,646	$439,650		$431,9491	

'.Expenditures							
Series 2006.'A.							
Interest 11/1		$113,663	$112,481	$112,481		$109,988	
Syecia( Ca(( 11/1		$0	$5,000	$5,000		$0	
Interest 5/1		$113,663	$112,350	$112,350		$109,988	
'Princiya( 5/1		$90,000	$90,000	$90,000		$95,000	
Syecia( Ca((5/1		$0	$0	$0		$0	
Otlier Sources & 'Uses							
Inteifuna'I'ransfer Out		$5,305	$4,364	$4,700		$5,131	
Otlier 1Je&t Service Cost		$0	$0	$0		$0	
I'I'ota('.Expenditures		$322,630	$324,196	$324,531		$320,1061	
							
I'EXCESS 'lf\T'EN'U'ES / ('EXP'E:N'DITU'R:ES)		$116,128	$115,450	$115,119		$111,8431	

'Deot Se:rvf.ce [_or 11!._01!._2015.:
Interest	 $107,493.75 
'I'otaf	$107,493.75

Net .'Assessments
.Jl.dai Discounts aruCCo{[ectums (6%) (jjross .'Assessments	$319,591
$20,390	
	$339,981	

13

'Turn6u(( Creek
Community 1Jevewyment 1Jistrict
Series 2006 Syecia[ .'A,ssessment 'Bonds

1J.'A.'I'E	'BMJ\:NCE	1Ul.'I'E	P'RIJIICIPM	I!N'TE'RES'I'	'I'O'I'.1t,C	
05/01/14	$	4,280,000.00	5.25%	$	90,000.00	$	112,350.00		
11/01/14	$	4,190,000.00	5.25%	-	$	109,987.50	$	312,337.50	
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	

 	.Jl.:M.0'll.'I1Z.7t'I10:NSCJf'E'DW:.'E	

 	$	4,280,000.00    $	3,248,175.00    $	1,528,175.oo i
14

Turnbull Creek
Community Development District	Capital Reserve Fund

	Adopted
Budget	Actual
YTD	
Projected	Adopted
Budget	Amended
Budget	
Description	2014	6/30/2014	9/30/2014	FY 2015	FY 2015	
REVENUES:						
Interest Income	$0	$0	$0	$0	$0	
Capital Reserve - Transfer In	$46,473	$46,473	$46,473	$51,184	$51,184	
Capital Reserve - Transfer In (PY)	(1)	$0	$230,000	$230,000	$0	$0	
Carry Forward Surplus (1)	$70,318	$70,318	$70,318	$315,861	$233,656	
Total Revenues	$116,791	$346,791	$346,791	$367,045	$284,840	
EXPENDITURES:						
Capital Outlay	$0	$7,627	$7,627	$0	$44,829	
Repair and Replacements	$0	$23,303	$23,303	$0	$1,537	
Tootal Expenditures	$0	$30,930	$30,930	$0	$46,366	
						
EXCESS REVENUES / (EXPENDITURES)	$116,791	$315,861	$315,861	$367,045	$238,474	
(1) Prior year balance transferred into Capital Reserve Fund

15