Turnbull Creek
Community Development District

Adopted Budget Fiscal Year 2021
August 11, 2020

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

Capital Reserve Fund Budget	Page 19

	Adopted
Budget	
Actual	
Next	
Projected	Adopted
Budget	
Description	FY 2020	6/30/20	3 Months	9/30/20	FY 2021	

Revenues						
Maintenance Assessments	$1,126,178	$1,127,629	$2,601	$1,130,230	$1,126,149	
Interest/Miscellaneous	$2,000	$4,066	$435	$4,501	$2,000	
Amenities Revenue	$2,000	$4,217	$575	$4,792	$3,000	
Carry Forward Surplus	$48,726	$0	$40,655	$40,655	$61,853	
Total Revenues	$1,178,904	$1,135,912	$44,266	$1,180,178	$1,193,002	

Expenditures						
Administrative						
Supervisor Fees	$5,600	$4,600	$1,600	$6,200	$5,600	
FICA Expense	$428	$352	$122	$474	$428	
Engineering (Yuro)	$13,000	$8,188	$4,000	$12,188	$13,000	
Arbitrage (Grau)	$2,400	$0	$2,400	$2,400	$2,400	
Dissemination (GMS & Disclosure Services)	$2,200	$2,350	$500	$2,850	$2,850	
Trustee (US Bank)	$14,620	$13,890	$0	$13,890	$14,620	
Attorney (HGS)	$40,000	$40,576	$13,500	$54,076	$47,000	
Tax Roll Assessments (GMS)	$5,000	$5,000	$0	$5,000	$5,000	
Annual Audit (BTEGF)	$3,525	$3,525	$0	$3,525	$3,525	
Management Fees (GMS)	$45,000	$33,750	$11,250	$45,000	$45,000	
Information Technology (GMS)	$1,600	$1,200	$400	$1,600	$1,600	
Telephone	$450	$228	$157	$385	$450	
Postage	$1,100	$371	$200	$571	$800	
Printing & Binding	$1,800	$637	$330	$967	$1,800	
Insurance (FIA)	$8,816	$8,214	$0	$8,214	$9,035	
Legal Advertising	$1,400	$1,203	$400	$1,603	$1,400	
Other Current Charges	$1,300	$382	$150	$532	$1,000	
Office Supplies	$170	$23	$10	$33	$170	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Website Compliance	$1,200	$900	$300	$1,200	$1,200	
Total Administrative Expenses	$149,784	$125,564	$35,319	$160,883	$157,053	

Amenity Center						
Insurance (FIA)	$15,664	$13,779	$0	$13,779	$16,134	
Pest Control (Turner Pest Control)	$3,123	$1,665	$1,008	$2,673	$3,123	
Repairs & Replacements	$36,000	$34,506	$5,000	$39,506	$36,000	
Recreational Passes	$800	$599	$0	$599	$800	
Office Supplies	$1,100	$360	$300	$660	$1,100	
Other Current Charges	$300	$360	$135	$495	$540	
Permit Fees (Pool, ASCAP/BMI/SEASAC)	$2,000	$1,956	$0	$1,956	$2,000	
Utilities						
Water & Sewer (STCUD)	$10,900	$8,147	$2,208	$10,355	$10,900	
Electric (FPL)	$36,000	$24,233	$10,200	$34,433	$36,000	
Telephone/Cable/Internet (Comcast)	$3,800	$2,718	$915	$3,633	$3,800	

	Adopted
Budget	
Actual	
Next	
Projected	Adopted
Budget	
Description	FY 2020	6/30/20	3 Months	9/30/20	FY 2021	
Management Contracts
Lifeguards/Pool Monitors (RMS)	
$31,245	
$8,722	
$15,278	
$24,000	
$31,245	
Facilty Monitor (RMS)	$24,200	$11,400	$12,800	$24,200	$24,200	
Facility Management (RMS)	$61,000	$45,750	$15,250	$61,000	$61,000	
Facility Attendants (RMS)	$16,200	$9,057	$7,143	$16,200	$16,200	
Field Operations (RMS)	$51,259	$38,444	$12,815	$51,259	$51,259	
Facility Maintenance	$49,000	$36,750	$12,250	$49,000	$49,000	
Pool Maintenance (RMS)	$14,317	$10,425	$3,475	$13,900	$14,317	
Pool Chemicals (Poolsure)	$13,144	$9,279	$4,197	$13,477	$13,524	
Janitorial Services (RMS)	$9,064	$6,600	$2,200	$8,800	$9,064	
Common Area Waste Collection (RMS)	$18,300	$13,725	$4,575	$18,300	$18,300	
Program Director (RMS)	$2,575	$1,931	$644	$2,575	$2,575	
Refuse Service (Advance Disposal)	$9,840	$6,733	$2,545	$9,278	$9,840	
Security (Envera)	$6,409	$4,437	$1,479	$5,916	$6,409	
Special Events	$9,000	$6,270	$2,730	$9,000	$9,000	
Holiday Decorations	$0	$0	$0	$0	$2,000	
Total Amenity Center Expenses	$425,240	$297,846	$117,147	$414,993	$428,330	

Grounds Maintenance						
Streetlighting (FPL)	$36,000	$27,307	$9,633	$36,939	$38,000	
Lake Maintenance (Future Horizons)	$11,580	$10,575	$3,525	$14,100	$14,100	
Landscape Maintenance (Duval Landscape)	$305,000	$228,050	$76,017	$304,067	$308,700	
Landscape Contingency	$30,000	$12,867	$5,000	$17,867	$28,000	
Irrigation Repairs	$6,000	$11,230	$4,800	$16,030	$6,000	
Total Grounds Maintenance Expenses	$388,580	$290,029	$98,974	$389,003	$394,800	

Reserves						
Capital Reserves	$215,300	$100,000	$115,300	$215,300	$212,819	
Total Reserve Expenses	$215,300	$100,000	$115,300	$215,300	$212,819	
						
TOTAL EXPENDITURES	$1,178,904	$813,438	$366,740	$1,180,178	$1,193,002	
						
EXCESS REVENUES / (EXPENDITURES)	$0	$322,475	-$322,474	$0	$0	

FY 2020	FY 2021

$  1,126,178
$	71,850	$  1,126,149
$	71,848	
$ 1,198,028	$ 1,197,997	

740
219	
740
219	
959	959	
$ 1,249.25	$ 1,249.22	

Net Assessments
Add: Discounts & Collections 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

Interest income from maintenance assessments income of the District that will be invested in accordance with Florida Statutes and the investment guidelines approved by the Board of Supervisors.

Miscellaneous

Income from miscellaneous deposits such as UPS, Soccer Team, and HOA Contributions.

Amenities Revenues

Income derived from Recreation Programs, Rental Revenue, Access Cards, and 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.

Dissemination Agent (GMS)	$	2,000	
Revised Amortization schedules (Disclosure)	$	850	
	$	2,850	

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. Berger, Toombs, Elam, Gaines, and Frnak CPA 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.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes 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.

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.

Website Compliance

Per Chapter 2014-22, Laws of Florida, all Districts must have a website by October 1, 2015 to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS, LLC and updated monthly.

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	
515577-114371	101 W Positano Ave - Water	$	346	$	4,152	
532445-124596	123 E Franchetta Dr - Water	$	35	$	420	
532445-124406	4106 Messina Dr - Water	$	35	$	420	
532445-124405	168 Toscana Ln	$	35	$	420	
				
515577-114371	101 W Positano Ave - Sewer	$	363	$	4,356	
532445-124596	123 E Franchetta Dr - Sewer	$	40	$	480	
	Contingency	$	54	$	652	
	Total	$	908	$	10,900	

Electric

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

Account Number	Description	Monthly	Annual Amount	
9623601409	100 Terrancina Dr # Light	$	40	$	480	
9561370132	100 W Positano Ave	$	40	$	480	
5841524282	111 W Positano Ave # Kiosk	$	30	$	360	
8189715355	168 Toscana Lane	$	86	$	1,032	
2781798307	5085 State Road 16 # Light	$	20	$	240	
5191830404	5335 San Giaconio	$	15	$	180	
6555783429	5335 State Rd 16 #1	$	44	$	528	
5907098254	90 E Franchetta Ln # Light	$	15	$	180	
2722888282	101 W Positano Ave	$	2,200	$	26,400	
6889119035	101 W Positano Ave #1	$	335	$	4,020	
	Contingency	$	175	$	2,100	
	Total	$	3,000	$	36,000	

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.

Contract	Monthly	Annual	
Comcast	316.67	3,800	

Lifeguards/Pool Monitors

The District is under contract with Riverside Management Services and this is the cost to provide pool attendants, pool monitors, and lifeguards during the operating season

Contract	Monthly	Annual	
RMS	2,603.75	31,245	
Facility Monitor

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

Contract	Monthly	Annual	
RMS	2,016.67	24,200	

Facility Management

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

Contract	Monthly	Annual	
RMS	5,083.33	61,000	

Facility Attendants

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

Contract	Monthly	Annual	
RMS	1,350.00	16,200	
Field Operations

The District is under contract with Riverside Management Services to provide field operations & contract administration services.

Contract	Monthly	Annual	
RMS	4,271.58	51,259	

Facility Maintenance

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

Pool Maintenance

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

Contract	Monthly	Annual	
RMS	1,193.08	14,317	

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 6 months	855	5,129	
Poolsure 6 months	1,399	8,395	
	2,254	13,524	

Janitorial Services

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

Contract	Monthly	Annual	
RMS	755.33	9,064	

Common Area Waste Collection

Garbage waste pickup in mail kiosk and other common areas provided by Riverside Management Services.

Contract	Monthly	Annual	
RMS	$1,525.00	$18,300	

Program Director

The District will provide a part-time Program Director under the Riverside Management Services contract in order to facilitate activities provided by RMS.

Contract	Monthly	Annual	
RMS	$214.58	$2,575	

Refuse Service

Garbage disposal service is with Advance Disposal

Contract	Monthly	Annual	
Advance Disposal	820.00	9,840	

Security

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

Contract	Monthly	Annual	
Envera	534.08	6,409	

Special Events

Represents estimated costs for the District to host special events for the community throughout the Fiscal Year.

Holiday Decorations

Represents cost for rental and installation of holiday decorations and lighting for entry monuments and amenity center.

Ground Maintenance:

Street Lighting

The District street lighting cost for the community.

Account Number	Description	Monthly	Annual Amount	
2298893591	W Bonaventure Way	$	2,976	$	35,712	
4217317033	Verona Way	$	90	$	1,080	
	Contingency	$	101	$	1,208	
	Total	$	3,167	$	38,000	
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.

Contract	Monthly	Annual Amount	
Future Horizons	$	1,175	$	14,100	

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	$	25,725	$	308,700	

Landscape Contingency

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

Irrigation Repairs

Any miscellaneous irrigation repairs and maintenance incurred by the District.

Capital Reserves

Future funding needed for the upkeep of Turnbull Creek infrastructure.

Turnbull Creek	Debt Service Fund
Community  Development  District	Series 2015A1 and A2

	Adopted Budget	
Actual	
Next	
Projected	Adopted Budget	
Description	FY 2020	6/30/20	3 Months	9/30/20	FY 2021	

Revenues						
Carry Forward Surplus (1)	$257,026	$266,734	$0	$266,734	$235,202	
Interest Income	$5,000	$8,260	$156	$8,416	$5,000	
Assessments	$989,969	$988,537	$2,253	$990,790	$985,875	
Prepayments A1	$0	$14,001	$0	$14,001	$0	
Total Revenues	$1,251,995	$1,277,532	$2,409	$1,279,941	$1,226,077	

Expenditures						
Series 2015 A-1
Interest 11/1	

$178,084	

$178,084	

$0	

$178,084	

$172,176	
Principal  Prepayment 11/1	$0	$5,000	$0	$5,000	$0	
Interest 5/1	$178,084	$177,999	$0	$177,999	$172,176	
Principal  5/1	$425,000	$425,000	$0	$425,000	$435,000	
Special  Call  5/1	$0	$15,000	$0	$15,000	$0	
Series 2015 A-2
Interest 11/1	

$54,388	

$54,388	

$0	

$54,388	

$51,181	
Principal  Prepayment 11/1	$0	$5,000	$0	$5,000	$0	
Interest 5/1	$54,388	$54,269	$0	$54,269	$51,181	
Principal  5/1	$100,000	$100,000	$0	$100,000	$100,000	
Special  Call  5/1	$0	$30,000	$0	$30,000	$0	
Total Expenditures	$989,943	$1,044,739	$0	$1,044,739	$981,715	
						
EXCESS REVENUES / (EXPENDITURES)	$262,053	$232,793	$2,409	$235,202	$244,362	

(1) Net of Debt Service Reserve Funds						
Debt Service for 11/01/202:1	
Interest	$165,978	
Interest	$48,806	
Total	$214,784	

Net Assessments
Add: Disc. and Collections (6%) Gross Assessments	$985,875
$62,899	
	$1,048,773	

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
11/01/20	$	8,575,000.00			$	172,176.25	$	172,176.25	
05/01/21	$	8,575,000.00	2.850%	$	435,000.00	$	172,176.25	-	
11/01/21	$	8,140,000.00		-	$	165,977.50	$	773,153.75	
05/01/22	$	8,140,000.00	3.150%	$	445,000.00	$	165,977.50	-	
11/01/22	$	7,695,000.00		-	$	158,968.75	$	769,946.25	
05/01/23	$	7,695,000.00	3.400%	$	460,000.00	$	158,968.75	-	
11/01/23	$	7,235,000.00		-	$	151,148.75	$	770,117.50	
05/01/24	$	7,235,000.00	3.650%	$	480,000.00	$	151,148.75	-	
11/01/24	$	6,755,000.00		-	$	142,388.75	$	773,537.50	
05/01/25	$	6,755,000.00	3.750%	$	495,000.00	$	142,388.75		
11/01/25	$	6,260,000.00		-	$	133,107.50	$	770,496.25	
05/01/26	$	6,260,000.00	3.800%	$	515,000.00	$	133,107.50		
11/01/26	$	5,745,000.00		-	$	123,193.75	$	771,301.25	
05/01/27	$	5,745,000.00	4.000%	$	525,000.00	$	123,193.75		
11/01/27	$	5,220,000.00		-	$	112,693.75	$	760,887.50	
05/01/28	$	5,220,000.00	4.250%	$	560,000.00	$	112,693.75		
11/01/28	$	4,660,000.00		-	$	100,793.75	$	773,487.50	
05/01/29	$	4,660,000.00	4.250%	$	585,000.00	$	100,793.75		
11/01/29	$	4,075,000.00		-	$	88,362.50	$	774,156.25	
05/01/30	$	4,075,000.00	4.250%	$	610,000.00	$	88,362.50		
11/01/30	$	3,465,000.00		-	$	75,400.00	$	773,762.50	
05/01/31	$	3,465,000.00	4.250%	$	635,000.00	$	75,400.00	-	
11/01/31	$	2,830,000.00		-	$	61,906.25	$	772,306.25	
05/01/32	$	2,830,000.00	4.375%	$	660,000.00	$	61,906.25	-	
11/01/32	$	2,170,000.00		-	$	47,468.75	$	769,375.00	
05/01/33	$	2,170,000.00	4.375%	$	690,000.00	$	47,468.75	-	
11/01/33	$	1,480,000.00		-	$	32,375.00	$	769,843.75	
05/01/34	$	1,480,000.00	4.375%	$	725,000.00	$	32,375.00	-	
11/01/34	$	755,000.00		-	$	16,515.63	$	773,890.63	
05/01/35	$	755,000.00	4.375%	$	755,000.00	$	16,515.63	-	
11/01/35	$	-	-		$	771,515.63	
	$	8,575,000.00	$	3,164,953.76	$	11,739,953.76	

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
11/01/20	$	2,155,000.00			$	51,181.25	$	51,181.25	
05/01/21	$	2,155,000.00	4.750%	$	100,000.00	$	51,181.25	-	
11/01/21	$	2,055,000.00		-	$	48,806.25	$	199,987.50	
05/01/22	$	2,055,000.00	4.750%	$	105,000.00	$	48,806.25	-	
11/01/22	$	1,950,000.00		-	$	46,312.50	$	200,118.75	
05/01/23	$	1,950,000.00	4.750%	$	110,000.00	$	46,312.50	-	
11/01/23	$	1,840,000.00		-	$	43,700.00	$	200,012.50	
05/01/24	$	1,840,000.00	4.750%	$	115,000.00	$	43,700.00	-	
11/01/24	$	1,725,000.00		-	$	40,968.75	$	199,668.75	
05/01/25	$	1,725,000.00	4.750%	$	120,000.00	$	40,968.75	-	
11/01/25	$	1,605,000.00		-	$	38,118.75	$	199,087.50	
05/01/26	$	1,605,000.00	4.750%	$	130,000.00	$	38,118.75	-	
11/01/26	$	1,475,000.00		-	$	35,031.25	$	203,150.00	
05/01/27	$	1,475,000.00	4.750%	$	135,000.00	$	35,031.25	-	
11/01/27	$	1,340,000.00		-	$	31,825.00	$	201,856.25	
05/01/28	$	1,340,000.00	4.750%	$	140,000.00	$	31,825.00	-	
11/01/28	$	1,200,000.00		-	$	28,500.00	$	200,325.00	
05/01/29	$	1,200,000.00	4.750%	$	150,000.00	$	28,500.00	-	
11/01/29	$	1,050,000.00		-	$	24,937.50	$	203,437.50	
05/01/30	$	1,050,000.00	4.750%	$	155,000.00	$	24,937.50	-	
11/01/30	$	895,000.00		-	$	21,256.25	$	201,193.75	
05/01/31	$	895,000.00	4.750%	$	165,000.00	$	21,256.25	-	
11/01/31	$	730,000.00		-	$	17,337.50	$	203,593.75	
05/01/32	$	730,000.00	4.750%	$	170,000.00	$	17,337.50	-	
11/01/32	$	560,000.00		-	$	13,300.00	$	200,637.50	
05/01/33	$	560,000.00	4.750%	$	180,000.00	$	13,300.00	-	
11/01/33	$	380,000.00		-	$	9,025.00	$	202,325.00	
05/01/34	$	380,000.00	4.750%	$	185,000.00	$	9,025.00	-	
11/01/34	$	195,000.00		-	$	4,631.25	$	198,656.25	
05/01/35	$	195,000.00	4.750%	$	195,000.00	$	4,631.25	-	

11/01/35	$	-

-    $	-	$

199,631.25
-

$	2,155,000.00     $	909,862.50     $	3,064,862.50

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

	Adopted Budget	
Actual	
Next	
Projected	Adopted Budget	
Description	FY 2020	6/30/20	3 Months	9/30/20	FY 2021	

Revenues						
Carry Forward Surplus (1)	$32,495	$33,517	$0	$33,517	$33,976	
Interest Income	$700	$723	$15	$738	$700	
Assessments	$79,318	$79,173	$180	$79,354	$78,987	
Prepayments B1	$0	$1,176	$0	$1,176	$0	
Total Revenues	$112,513	$114,589	$195	$114,785	$113,663	

Expenditures						
Series 2015B1						
Interest 11/1	$19,795	$19,795	$0	$19,795	$19,535	
Interest 5/1	$19,795	$19,795	$0	$19,795	$19,535	
Principal  5/1	$20,000	$20,000	$0	$20,000	$20,000	
Series 2015B2						
Interest 11/1	$5,669	$5,669	$0	$5,669	$5,313	
Interest 5/1	$5,669	$5,550	$0	$5,550	$5,313	
Principal  5/1	$5,000	$5,000	$0	$5,000	$5,000	
Principal  Prepayment 5/1	$0	$0	$0	$0	$0	
Total Expenditures	$75,928	$80,809	$0	$80,809	$74,695	
						
EXCESS REVENUES / (EXPENDITURES)	$36,585	$33,781	$195	$33,976	$38,968	
(1) Net of Debt Service Reserve Funds						

Debt Service for 11/01/202:	
Interest	$19,250	
	$5,194	
Total	$24,444	

1

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	
11/01/20	$	915,000.00	2.600%	-	$	19,535.00	$	19,535.00	
05/01/21	$	915,000.00	2.850%	$	20,000.00	$	19,535.00	-	
11/01/21	$	895,000.00	2.850%	-	$	19,250.00	$	58,785.00	
05/01/22	$	895,000.00	3.150%	$	25,000.00	$	19,250.00	-	
11/01/22	$	870,000.00	3.150%	-	$	18,856.25	$	63,106.25	
05/01/23	$	870,000.00	3.400%	$	25,000.00	$	18,856.25	-	
11/01/23	$	845,000.00	3.400%	-	$	18,431.25	$	62,287.50	
05/01/24	$	845,000.00	3.750%	$	25,000.00	$	18,431.25	-	
11/01/24	$	820,000.00	3.750%	-	$	17,975.00	$	61,406.25	
05/01/25	$	820,000.00	3.850%	$	25,000.00	$	17,975.00		
11/01/25	$	795,000.00	3.850%	-	$	17,506.25	$	60,481.25	
05/01/26	$	795,000.00	4.000%	$	25,000.00	$	17,506.25		
11/01/26	$	770,000.00	4.000%	-	$	17,025.00	$	59,531.25	
05/01/27	$	770,000.00	4.000%	$	25,000.00	$	17,025.00		
11/01/27	$	745,000.00	4.000%	-	$	16,525.00	$	58,550.00	
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	
			$	915,000.00	$	613,001.26	$	1,528,001.26	

Series 2015B-2 Subordinate Special Assessment Bonds
AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
11/01/20	$	220,000.00	4.750%	-	$	5,312.50	$	5,312.50	
05/01/21	$	220,000.00	4.750%	$	5,000.00	$	5,312.50	-	
11/01/21	$	215,000.00	4.750%	-	$	5,193.75	$	15,506.25	
05/01/22	$	215,000.00	4.750%	$	5,000.00	$	5,193.75	-	
11/01/22	$	210,000.00	4.750%	-	$	5,075.00	$	15,268.75	
05/01/23	$	210,000.00	4.750%	$	5,000.00	$	5,075.00	-	
11/01/23	$	205,000.00	4.750%	-	$	4,956.25	$	15,031.25	
05/01/24	$	205,000.00	4.750%	$	5,000.00	$	4,956.25	-	
11/01/24	$	200,000.00	4.750%	-	$	4,837.50	$	14,793.75	
05/01/25	$	200,000.00	4.750%	$	5,000.00	$	4,837.50		
11/01/25	$	195,000.00	4.750%	-	$	4,718.75	$	14,556.25	
05/01/26	$	195,000.00	4.750%	$	5,000.00	$	4,718.75		
11/01/26	$	190,000.00	4.750%	-	$	4,600.00	$	14,318.75	
05/01/27	$	190,000.00	4.750%	$	5,000.00	$	4,600.00		
11/01/27	$	185,000.00	4.750%	-	$	4,481.25	$	14,081.25	
05/01/28	$	185,000.00	4.750%	$	5,000.00	$	4,481.25		
11/01/28	$	180,000.00	4.750%	-	$	4,362.50	$	13,843.75	
05/01/29	$	180,000.00	4.750%	$	5,000.00	$	4,362.50		
11/01/29	$	175,000.00	4.750%	-	$	4,243.75	$	13,606.25	
05/01/30	$	175,000.00	4.750%	$	5,000.00	$	4,243.75		
11/01/30	$	170,000.00	4.750%		$	4,125.00	$	13,368.75	
05/01/31	$	170,000.00	4.750%	$	10,000.00	$	4,125.00	-	
11/01/31	$	160,000.00	4.750%		$	3,887.50	$	18,012.50	
05/01/32	$	160,000.00	4.750%	$	10,000.00	$	3,887.50	-	
11/01/32	$	150,000.00	4.750%		$	3,650.00	$	17,537.50	
05/01/33	$	150,000.00	4.750%	$	10,000.00	$	3,650.00	-	
11/01/33	$	140,000.00	4.750%		$	3,412.50	$	17,062.50	
05/01/34	$	140,000.00	4.750%	$	10,000.00	$	3,412.50	-	
11/01/34	$	130,000.00	4.750%		$	3,175.00	$	16,587.50	
05/01/35	$	130,000.00	4.750%	$	10,000.00	$	3,175.00	-	
11/01/35	$	120,000.00	4.750%		$	2,937.50	$	16,112.50	
05/01/36	$	120,000.00	4.750%	$	10,000.00	$	2,937.50	-	
11/01/36	$	110,000.00	4.750%		$	2,700.00	$	15,637.50	
05/01/37	$	110,000.00	4.750%	$	10,000.00	$	2,700.00	-	
11/01/37	$	100,000.00	4.750%		$	2,462.50	$	15,162.50	
05/01/38	$	100,000.00	4.750%	$	10,000.00	$	2,462.50	-	
11/01/38	$	90,000.00	4.750%		$	2,225.00	$	14,687.50	
05/01/39	$	90,000.00	4.750%	$	10,000.00	$	2,225.00	-	
11/01/39	$	80,000.00	4.750%		$	1,987.50	$	14,212.50	
05/01/40	$	80,000.00	4.750%	$	10,000.00	$	1,987.50	-	
11/01/40	$	70,000.00	4.750%		$	1,750.00	$	13,737.50	
05/01/41	$	70,000.00	5.000%	$	10,000.00	$	1,750.00	-	
11/01/41	$	60,000.00	5.000%	-	$	1,500.00	$	13,250.00	
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	
			$	220,000.00	$	167,687.50	$	387,687.50	

Turnbull Creek
Community Development District	Debt Service Fund
Series 2016

	Adopted Budget	
Actual	
Next	
Projected	Adopted Budget	
Description	FY 2020	6/30/20	3 Months	9/30/20	FY 2021	

Revenues						
Carry Forward Surplus	$85,785	$84,152	$0	$84,152	$74,388	
Interest Income	$2,000	$1,877	$54	$1,931	$1,900	
Assessments - Tax Collector	$286,688	$286,881	$654	$287,535	$286,505	
Total Revenues	$374,473	$372,911	$708	$373,619	$362,793	

Expenditures						
Series 2016						
Interest  11/1	$69,616	$69,616	$0	$69,616	$66,656	
Interest  5/1	$69,616	$69,616	$0	$69,616	$66,656	
Principal  5/1	$150,000	$150,000	$0	$150,000	$155,000	
Special  Call  5/1	$0	$10,000	$0	$10,000	$0	
Total Expenditures	$289,231	$299,231	$0	$299,231	$288,311	
						
EXCESS REVENUES / (EXPENDITURES)	$85,242	$73,680	$708	$74,388	$74,482	

Debt Service for  11/01/2021:

Interest	$63,788
Total	$63,788

Net Assessments
Add: Discounts and Collections (6%)
Gross Assessments	$286,505
$18,279	
	$304,784	

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

AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
						
11/01/20	$	3,603,000.00	3.70%	-	$	66,655.50	$	66,378.00	
05/01/21	$	3,603,000.00	3.70%	$	155,000.00	$	66,655.50	-	
11/01/21	$	3,448,000.00	3.70%	-	$	63,788.00	$	285,443.50	
05/01/22	$	3,448,000.00	3.70%	$	161,000.00	$	63,788.00	-	
11/01/22	$	3,287,000.00	3.70%	-	$	60,809.50	$	285,597.50	
05/01/23	$	3,287,000.00	3.70%	$	167,000.00	$	60,809.50	-	
11/01/23	$	3,120,000.00	3.70%	-	$	57,720.00	$	285,529.50	
05/01/24	$	3,120,000.00	3.70%	$	173,000.00	$	57,720.00	-	
11/01/24	$	2,947,000.00	3.70%	-	$	54,519.50	$	285,239.50	
05/01/25	$	2,947,000.00	3.70%	$	180,000.00	$	54,519.50		
11/01/25	$	2,767,000.00	3.70%	-	$	51,189.50	$	285,709.00	
05/01/26	$	2,767,000.00	3.70%	$	187,000.00	$	51,189.50		
11/01/26	$	2,580,000.00	3.70%	-	$	47,730.00	$	285,919.50	
05/01/27	$	2,580,000.00	3.70%	$	194,000.00	$	47,730.00		
11/01/27	$	2,386,000.00	3.70%	-	$	44,141.00	$	285,871.00	
05/01/28	$	2,386,000.00	3.70%	$	201,000.00	$	44,141.00		
11/01/28	$	2,185,000.00	3.70%	-	$	40,422.50	$	285,563.50	
05/01/29	$	2,185,000.00	3.70%	$	209,000.00	$	40,422.50		
11/01/29	$	1,976,000.00	3.70%	-	$	36,556.00	$	285,978.50	
05/01/30	$	1,976,000.00	3.70%	$	216,000.00	$	36,556.00		
11/01/30	$	1,760,000.00	3.70%		$	32,560.00	$	285,116.00	
05/01/31	$	1,760,000.00	3.70%	$	224,000.00	$	32,560.00	-	
11/01/31	$	1,536,000.00	3.70%	-	$	28,416.00	$	284,976.00	
05/01/32	$	1,536,000.00	3.70%	$	233,000.00	$	28,416.00	-	
11/01/32	$	1,303,000.00	3.70%	-	$	24,105.50	$	285,521.50	
05/01/33	$	1,303,000.00	3.70%	$	242,000.00	$	24,105.50	-	
11/01/33	$	1,061,000.00	3.70%	-	$	19,628.50	$	285,734.00	
05/01/34	$	1,061,000.00	3.70%	$	251,000.00	$	19,628.50	-	
11/01/34	$	810,000.00	3.70%	-	$	14,985.00	$	285,613.50	
05/01/35	$	810,000.00	3.70%	$	260,000.00	$	14,985.00	-	
11/01/35	$	550,000.00	3.70%	-	$	10,175.00	$	285,160.00	
05/01/36	$	550,000.00	3.70%	$	270,000.00	$	10,175.00	-	
11/01/36	$	280,000.00	3.70%		$	5,180.00	$	285,355.00	
05/01/37	$	280,000.00	3.70%	$	280,000.00	$	5,180.00		
11/01/37	$	280,000.00	3.70%			$	286,198.50	
			$	3,603,000.00	$	1,317,163.00	$	4,920,904.00	

Turnbull Creek
Community Development District	Capital Reserve Fund

	Adopted Budget	
Actual	
Next	
Projected	Adopted Budget	
Description	FY 2020	6/30/20	3 Months	9/30/20	FY 2021	

REVENUES:						
Capital Reserve - Transfer In	$215,300	$100,000	$115,300	$215,300	$212,819	
Carry Forward Surplus	$164,348	$147,306	$0	$147,306	$323,544	
Total Revenues	$379,648	$247,306	$115,300	$362,606	$536,363	

EXPENDITURES:						
Repair and Replacement	$105,496	$8,005	$10,000	$18,005	$50,000	
Capital Outlay	$0	$13,240	$7,592	$20,832	$50,000	
Other Current Charges	$200	$156	$69	$225	$240	
Tootal Expenditures	$105,696	$21,401	$17,661	$39,062	$100,240	
						
EXCESS REVENUES / (EXPENDITURES)	$273,952	$225,905	$97,639	$323,544	$436,123