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Community (J)evefopment CDistrict

Adopted Budget Fiscal Year 2012

July 26, 2011

Turnbull Creek
Community Development District

TABLE OF CONTENTS

General Fund

Summary of Revenues and Expenditures Narrative - Administrative and Maintenance
Debt Service Fund Budget Series 2005
Series 2006

Summary of Operating Capital

Page 1-2

Page 3-10

Page 11-12
Page 13-14

Page 15

Turnbull Creek Community Development District
General Fund• Proposed Budget• Fiscal Year 2012

Adopted Budget	Actual YTD	Next	Projected	Adopted
Descri tion	FY2011	June 30  2011    3 Month	FY2011	FY2012 

Revenues
1.300.36300.10000	Maintenance Assessments	$859,697	$861,905	$0	$861,905	$859,697
1.3.361.1/1.3.369.102	Interest / Miscellaneous	$900	$1,890	$1,088	$2,977	$400
1.300.36900.10300	Amenities Revenue	$3,000	$1,700	$1,300	$3,000	$3,000
ITota/ Revenues	 		$863,597	$865,494	$2,388	$867,882   $863,0971
ExP:enditures
Administrative

$92

$459

1.310.51300.11000	Supervisor Fees	$6,000	$5,600	$1,200	$6,800	$6,000

1.310.51300.21000	FICA Expense

$428

$520	$459

1.310.51300.31100	Engineering  (ETM)	$6,000	$6,012	$3,006	$9,018	$6,000

1.310.51300.31300	Dissemination (Prager Sealy)	
1.310.51300.31400	Trustee (US Bank)	
1.310.51300.31500	Attorney (HGS}	

1.310.51300.31200	Arbitrage (Grau)	$2,400	$0	$2,400	$2,400	$2,400
$7,000	$6,000	$1,000	$7,000	$7,000
$8,000	$0	$8,000	$8,000	$8,000
$23,000	$16,295	$6,705	$23,000	$25,000
1.310.51300.31600	Attorney - Lien & Foreclosure	$7,000		$250	$0		$250		$0 1.310.51300.31700	Tax Roll Assessments (GMS)	$5,000	$5,000	$0	$5,000	$5,000
1.310.51300.31800	Operating Reserves	$40,000	$0	$0	$0	$10,000

1.310.51300.32200	Annual Audit (Berger, Toombs)	$7,100	$7,100

$7,100	$3,700

1.310.51300.35100	Computer T ime (GMS}	$1,000
1.310.51300.41000	Telephone	$210
1.310.51300.42000	Postage	$900	$750
$164
$667	$250
$47
$233	$1,000
$210
$900	
1.310.51300.45000	Insurance (PGIT)	$6,600
1.310.51300.42500	Printing & Binding	$2,800
1.310.51300.48000	Legal Advertising	$1,000	$6,600
$1,492
$602	$0
$1,308
$398	$6,600
$2,800
$1,000	
1.310.51300.49000	Other Current Charges	$365
1.310.51300.51000	Office Supplies	$200	$278
$131	$87	$156	
1.310.51300.54000	Dues, Licenses & Subscriptions	$175	$175	$0	$175	
	ITotalAdministrative Expenses	$161,959	$85,106	$33,938	$119,045	
	Amenity Center					
1.310.51300.45000	Insurance (PGI T)	$14,000	$11,810	$0	$11,810	
1.330.57200.46600
1.330.57200.63100	Pest Control (Turner Pest Control)
Repairs & Replacements	$1,320
$10,000	$990
$10,161	$330
$3,387	$1,320
$13,547	

1.310.51300.34000	Management  Fees (GMS)	$36,750	$27,563	$9,188	$36,750	$36,750
$1,000
$210
$900
$7,000
$1,800

$365

$1,000

$25

$365
$156

$122,9151

$14,172
$1,320
$14,000
1.330.57200.51100	Recreational Passes	$500	$1,140	$0	$1,140	$1,200

$5

1.330.57200.60000	capital Outlay	$75,000	$34,550	$40,450	$75,000	$51,829
1.330.57200.42000	Postage	$200	$3	$8	$200
1.330.57200.42500	Printing & Binding	$200	$0	$0	$0	$100
1.330.57200.51000	Office Supplies	$650	$919	$455	$1,374	$1,415
l.330.57200.49000	other Current Charges	$300	$298	$20	$318	$300
1.330.57200.49300	Permit Fees	$350	$350	$0	$350	$350
Utilities
1.330.57200.43300	Water & Sewer  (St Johns County)	$11,000	$9,051	$3,600	$12,651	$12,700
1.330.57200.43200	Electric  (FPL)	$31,800	$22,263	$7,421	$29,684	$33,800
l.330.57200.41000	Telephone (AT&T)	$4,500	$3,416	$1,084	$4,500	$4,500
1.330.57200.43100	Cable (DIRECTV)	$1,200	$856	$295	$1,151	$1,200
1

Turnbull Creek Community Development District
General Fund - Proposed Budget - Fiscal Year 2012

Adopted Budget	Actual YTO

Next

Projected

Adopted

Descri tion	FY2011	June 30   2011   3 Month	FY2011	FY2012 

1.330.57200.34600
1.330.57200.34000
1.330.57200.34300
1.330.57200.34100
1.330.57200.46400
1.330.57200.46500
1.330.57200.34200
1.330.57200.44900
1.330.57200.34500
1.330.57200.49400
1.330.57200.61000
1.330.57200.34700

1.320.53800.43300
1.320.53800.46100
1.320.53800.46800
1.320.53800.46600
1.330.57200.63200
1.320.57200.43400
!.320/330.57200.49100 1.330.57200.64000

Management Contracts

Pool Attendants/lifeguards (A5G)
Facility Management (A5G) Facility Attendants (A5G)
Field Operations (A5G) Pool Maintenance (A5G)
Pool  Chemicals
Janitorial Services (Environmental Contr Refuse Service
Security Special Events
Maintenance Reserves Program Director/Pool Monitor
ITota/Ameni/;Y_ Center Exeenses
Grounds Maintenance
Electric (FPL) Streetlighting (FPL)
Lake Maintenance (Charles Aquatics) landscape Maintenance (Austin Outdoors) Miscellaneous
Irrigation Repairs Contingency capital Reserves
I Tota/ Grounds Maintenance Exeem
!TOTAL EXPENDITURES

$26,000	$14,549
$56,200	$40,905
$16,300	$13,470
$38,000	$28,500
$15,500	$11,610
$10,000	$6,926
$8,700	$6,778
$3,300	$2,762
$600	$580
$6,000	$7,092
$10,000	$0
$7,172	$0
i348,792	i22S,976

$7,500	$4,114
$28,000	$20,499
$19,800	$14,850
$247,848	$194,587
$1,000	$242
$7,500	$2,476
$37,198	$20,831
$4,000	$1,900
�352,846	i259,49s
�863,597	i573,580

$11,451
$15,295
$2,830
$9,500
$3,870
$3,468

$971
$75

$2,175

$0
$0
$7,172
i113,855

$1,371
$6,861
$4,950
$53,261
$758
$5,024
$4,760
$2,100
i19,085 i226,879

$26,000
$56,200
$16,300
$38,000
$15,480
$10,394
$8,953
$3,733
$654
$7,092
$0
$7,172
i342,831

$5,485
$27,360
$19,800
$247,848
$1,000
$7,500
$25,591
$4,000
i338,584

iso0,459

$25,350
$54,795
$15,892
$37,050
$15,112
$10,400
$9,000
$3,800
$700
$8,000
$3,000
$9,891
i330,076

$6,500
$28,000
$19,800
$254,044
$4,500
$7,500
$40,482
$49,280
i410,106I

953.65

$ 54,849

is63,o91I

$ 859,697
$ 914,546
740
219
959

!EXCESS REVENUES/(EXPENDITURES  	io	i291,914	-i224,492	i67,423	iol

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

2

FY2011

$

FY2012

740

$859,697
$ 54,849
$914,546
219
959
$ 953.65

Turnbull Creek
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2012

REVENUES:
Maintenance Assessments
The District will levy a non ad-valorem special assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year.
Interest Income
Maintenance Assessment income of the District will be invested in accordance with Florida Statutes and the investment guidelines approved by the Board of Supervisors.
Amenities Revenues
Income derived from Special Events benefitting the District.

EXPENDITURES:

Administrative:

Supervisor Fees
Florida Statutes allow each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon five supervisors attending an estimated 6 annual meetings.
FICA Expense
FICA expense represents the Employer's (District's) share of Social Security and Medicare taxes withheld from the fee paid to the Board of Supervisors.
Engineering

The District's engineering firm, England, Thims & Miller, Inc.,  may  provide general engineering services to the District, including attendance and preparation for monthly board meetings, review invoices, etc.

3

Turnbull Creek
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2012

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.
Dissemination Agent
The Annual Disclosure Repo11 prepared by Prager, Sealy 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 ofthe District's bond issues.
Attomey
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.

Attorney	Lien & Foreclosure
The District's legal counsel, Hopping Green & Sams, will provide general legal services to the District, i.e. other legal contingencies etc.
Tax Roll Assessments
OMS, LLC serves as the District's collection agent and certifies the District's non­ ad valorem assessments with the county tax collector.
OperatingReserves
Estimated funds needed to cover sh011 fall in assessment collections.
Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Berger, Toombs currently serves as the District's Independent Auditor.

4

Turnbull Creek
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2012

Management Fees
The District receives Management, Accounting and Administrative services as part ofa 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
Insurance (General Liabilitv)
The District's General Liability & Public Officials Liability Insurance policy is with Preferred Governmental Insurance Trust. PGJT 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.

5

Turnbull Creek
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2012

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Community Affairs for $175. This is the only expense under this category for the District.
Amenity Center:
Insurance (Property)
The District's property Insurance policy is with Preferred Governmental Insurance Trust. PGIT specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for 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 te1mite 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
Capital Out/av
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.
6

Turnbull Creek
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2012

Other Current Charges
Any unanticipated cost to the Amenity Center
Permit Fees
Represents Permit Fees paid to the Depattment of Health for the swimming pool.
Water & Sewer
The cost of water / sewer associated at the Amenity Center from St Johns County Utility Department.

Account Number		 Description	Annual Amount 515577-114371		101 W Positano Ave - Water		$	5,160
532445-124596	123 E Franchetta Dr - Water	$	507
532445-124406	4106 Messina Dr - Water	$	375
515577-114371	101 W Positano Ave - Sewer	$	5,215 532445-124596	123 E Franchetta Dr - Sewer	$		660
Contingency	 $	783
Total	$	12,700

Electric
The cost of electric at the Amenity Center supplied from FPL.
Account Number	Description	Annual Amount
2722888282	101 W Positano Ave	$	25,255
6889119035		101 W Positano Ave #1		$	3,626 Contingency	 $	4,919
Total	$	33,800

Telephone
The Amenity Center currently uses AT&T for telephone service for one line.

Account Number 9049401157

Description Amount

Monthly	Annual
$	355	$	4,260

Contingency Total

  $	20	$	240
 $	375	$	4,500

7

Turnbull Creek
Community Development District
GENERAL FUND BUDGET

Fiscal Year 2012

The District provides satellite television services for the Amenity Center through DirectTV.

Monthly

Annual

 $	5	$	60
 $	100	$	1,200

$

95	$

1,140

Account Number	Description 50434515	Amount
Contingency Total
Pool Attendants/Liffguards
The District is under contract with Amenity Services Group and this is the cost to provide pool attendants (lifeguards) during the operating season for the pool.
Facility Management
The District is under contract with Amenity Services Group for a variety of clubhouse services including an onsite Manager.
Facility Attendants
The District is under contract with Amenity Services Group to provide recreational activities at the Amenity Center and will have on-site personnel during daily hours of operation.
Field Operations
The District is under contract with Amenity Services Group to provide field operations & contract administration services.
Pool A1aintenance
The District is under contract with Amenity Services Group for the maintenance of the Amenity Center swimming pool and facilities.
Pool Chemicals
The District, through Poolsure, Inc, is provided chemicals necessary for the maintenance ofthe Amenity Center swimming pool.
Janitorial Services
The District is under contract with Environmental Control to have janitorial services provided for the Amenity Center.

8

Turnbull Creek
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2012

Refuse Service
Garbage disposal service is with Southland Waste Systems.
Security
The District is provided security monitoring for the Amenity Center.
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 ofDistrict's capital related facilities.
Program Director/Pool Monitor
The District will provide a part-time Program Director & Pool Monitor uder the Amenity Service Group contract in order to facilitate activities provided by ASG.
Ground Maintenance:
Electric - Common Area
The cost of electricity for signage lighting and entry feature lighting for the District.

Account Number	Description	Amount	
9623601409	100 Terrancina Dr II Light	$	759	
9561370132	100 W Positano Ave	$	1,276	
5841524282	111 W Positano Ave II Kiosk	$	211	
8189715355	168 Toscana Lane	$	1,288	
2781798307	5085 State Road 16 11 Light	$	90	
5191830404	5335 San Giaconio	$	272	
6555783429	5335 State Rd 16 111	$	1,934	
5907098254	90 E Franchetta Ln # Light	$	90	

Contingency	 $	580 

Total	$	6,500

Street Lighting

The District street lighting cost for the community.

9

Turnbull Creek
Community Development District
GENERAL FUND BUDGET

Account Number

Descripti on 

2298893591	W Bonaventure Way 4217317033	Verona Way
Contingency Total

$
$
$
$

Amount
25,859
780
1,361
28,000

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 Charles Aquatics, Inc. to maintain the 22 storm water ponds.

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

Austin Outdoors

Monthly
$21 ,1 70

Annual
$254,044

Fiscal Year 2012

Monthly	Annual	
Charles Aquatics	$1 650	$1 9,800	

lvfiscellaneous
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
Study of district infrastructure and future funding needed for the upkeep of Turnbull Creek assets.

10

Turnbull Creek
Community Development District

Debt Service Fund
Series 2005

   

$403,535

Description	

Adopted Budget FY 2011

Actual YTD June 30, 2011

Projected
 	FY 2011	

Adopted
     Budget FY 2012 

Debt Service for 11/01/2012:
Interest	

$395,560.00	
Total	$395,560.00	
DEBT AS ISSUED	WITH PAYOFFS	

Revenues		
Carry Forward Surplus	$422,282		$433,421		$433,421		$416,390	
Interest Income	$1,000		$846		$1,000		$1,000	
Assessments	$1,071,080		$1,078,301		$1,078,301		$1,075,430	
Total Revenues	 	$1,494,362		$1,512,568		 	$1,512,722		 	$1,492,820	
Expenditures								
Sen·es 2005								
Interest 11/1	$411,075	$411,075	$411,075		
Interest 5/1	$411,075		$411,075		$411,075		$403,535	
Principal 5/1	$260,000		$260,000		$260,000		$275,000	

Interfund Transfer Out	
$8,677				
$14,182		
$12,855	
Total Expenditures	$1,090,827		$1,082,754		 	$1,096,332		 	$1,094,925	
EXCESS REVENUES/ (EXPENDITURES)	 	$403,535		 	$429,815		 	$416,390		 	$397,895	

Net Assessments
Add: Discounts and Collections (6%) Gross Assessments
Assessable Units
Per Unit Assessment	$1,093,185
 	$69,745
$1,162,930
740
<t1 571.53		$1,075,430	
			<t.68-644	
		U 144.074	
		728	
		§1 571.53	

11 

Turnbull Creek Community Development District Series 2005 Special Assessment Bonds
AMORTIZATION SCHEDULE
  Not updated	
DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL

s	1,074,255.00	
s	
1,074,610.00	
s	1 ,074,095.00	
s	1 ,072,710.00	
s	1 ,075,310.00	
s	1,071,895.00	
s	1,072,465.00	
s	1,076,730.00	
s	1,074,690.00	
s	1,076,345.00	
s	1,071,695.00	
s	1,075,595.00	
s	1,072,900.00	
s	1,073,610.00	
s	1,072,580.00	
s	1,074,665.00	
s	1,074,720.00	
s	1,072,745.00	
s	1,073,595.00	
s	1,072,125.00	
s	1,073,190.00	
s	1 ,076,500.00	
$	1,072,055.00	
s	1,074,710.00	
s	1,074,175.00	
$	1 ,075,305.00	
$	27,923,270.00	

05/01/10	s	14,420,000.00	5.80%		
11/01/10	s	14,175,000.00	5.80%		
05/01/11	s	14,175,000.00	5.80%		
11/01/11	s	13,91 5,000.00	5.80%		
05/01/12	s	13,915,000.00	5.80%		
11/01/12	s	13,640,000.00	5.80%		
05101/13	s	13,640,000.00	5.80%		
11/01/13	s	13,350,000.00	5.80%		
05/01/14	s	1 3,350,000.00	5.80%		
11/01/14	s	13,040,000.00	5.80%		
05/01/15	s	13,040,000.00	5.80%		
11/01/15	s	1 2,715,000.00	5.80%		
05/01/16	s	12,71 5,000.00	5.80%		
11/01/16	s	1 2,370,000.00	5.80%		

s	245,000.00   s	418,180.00
s	411 ,075.00
s	260,000.00  s	411 ,075.00
s	403,535.00
s	275,000.00     s	403,535.00
s	395,560.00
s	290,000.00  s	395,560.00
s	387,150.00
s	31 0,000.00  s	387,150.00
s	378,160.00
s	325,000.00  s	378,160.00
s	368,735.00
s	345,000.00  s	368,735.00
s	358,730.00
05/01/17	s	12,370,000.00	5.80%	s	370,000.00  s	358,730.00
11/01/17	s	1 2,000,000.00	5.80%	s	348,000.00
05/01/18	s	12,000,000.00	5.80%	s	390,000.00  s	348,000.00
11/01/18	$	11,610,000.00	5.80%	s	336,690.00
05/01/19	s	11 ,61 0,000.00	5.80%	s	415,000.00   s	336,690.00
11/01/19	s	11,195,000.00	5.80%	s	324,655.00
05/01/20	s	11,195,000.00	5,80%	s	435,000.00  s	324,655.00
11/01/20	$	10,760,000.00	5.80%	s	31 2,040.00

10,760,000.00	5.80%		
10,295,000.00	5.80%		
10,295,000.00	5.80%		
9,805,000.00	5.80%		
9,805,000.00	5.80%		

05/01/21	s
11/01/21	s
05/01/22	s
11/01/22	s
05/01/23	s

s	465,000.00  s	312,040.00
s	298,555.00
s	490,000.00  s	298,555.00
s	284,345.00
s	520,000.00  s	284,345.00

11/01/23	s	9,285,000.00	5.80%	s	269,265.00
05/01/24	s	9,285,000.00	5.80%	s	550,000.00  s	269,265.00
11/01/24	s	8,735,000.00	5.80%	s	253,315.00
05/01/25	$	8,735,000.00	5,80%	s	585,000.00  s	253,315.00
11/01/25	s	8,1 50,000.00	5.80%	s	236,350.00
05/01/26	s	8,1 50,000.00	5.80%	s	620,000.00  s	236,350.00
11/01/26	s	7,530,000.00	5.80%	s	218,370.00
05/01/27	s	7,530,000.00	5.80%	s	655,000.00  s	218,370.00
11/01/27	s	6,875,000.00	5.80%	s	199,375.00
05/01/28	s	6,875,000.00	5.80%	s	695,000.00  s	199,375.00
11/01/28	s	6,180,000.00	5.80%	s	179,220.00
05/01/29	s	6,180,000.00	5.80%	s	735,000.00  s	179,220.00
11/01/29	s	5,445,000.00	5.80%	s	157,905.00
05/01/30	s	5,445,000.00	5.80%	s	780,000.00  s	157,905.00
11/01/30	s	4,665,000.00	5.80%	s	135,285.00
05/01/31	s	4,665,000.00	5.80%	$	830,000.00  s	135,285.00
11/01/31	s	3,835,000.00	5.80%	s	111 ,215.00
05/01/32	s	3,835,000.00	5.80%	s	875,000.00  $	111 ,215.00
11/01/32	s	2,960,000.00	5.80%	s	85,840.00
05/01/33	$	2,960,000.00	5.80%	s	930,000.00 s	85,840.00

05/01/34	s	2,030,000.00	5.80%	s	985,000.00 s	
11/01/34	s	1,045,000.00	5.80%		s	
05/01/35	s	1,045,000.00	5.80%	$	1,045,000.00 s	

11/01/33	s	2,030,000.00	5.80%	s	58,870.00
58,870.00
30,305.00
30,305.00
s	14,420,000.00  $	13,503,270.00
12

Tu rnbull Creek
Community Development District

Debt Service Fund
Series 2006

 

$134,058	$138,490	$138,490
$380	$257	$440
$323,269	$324,061	$323,269
$0	$19,499	$39,499
 	$457,707	 	$482,307	 	$501,698 

$170,141
$200
$323,269
$0

 	$493,610

$121,669
$0
$121,669
$80,000

$121,669
$0
$121,669
$80,000

$121,669
$0
$121,699
$80,000

$119,569
$40,000
$119,569
$85,000

$12,389
$0
 	$335,727

 	$121,980

$186
$420
$323,944

$158,363

$7,769
$420
$331,557

$170,141

$10,573
$0
$374,710

$118,900

Debt Service for 11/01/2012:

Interest
Total

$117,337.50
$117,337.50

$323,269
•20 625
<343 894
219
oti.570.29

Net Assessments
Add: Discounts and Collections (6%) Gross Assessments
Assessable  Units Per Unit Assessment

 Description	

Revenues

Carry Forward Surplus Interest Income Assessments Prepayment
Total Revenues

Expenditures
sertes 2006A
Interest 11/1 Special Call 11/1 Interest 5/1 Principal 5/1
OtherSources & Uses
Interfund Transfer Out Other Debt Service Cost
Total Expenditures

EXCESS REVENUES / (EXPENDITURES)

Adopted Budget FY 2011

Actual YTD June 30, 2011

Projected
 	FY 2011	

Adopted Budget F Y 2012

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

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL
05/01/07	s	4,850,000.00	5.25%	s	137,921.87
11/01/07	s	4,850,000.00	5.25%	s	137,921.87   s	275,843.74
05/01/08	s	4,850,000.00	5.25%	s	70,000.00      s	127,312.50
11/01/08	s	4,780,000.00	5.25%	s	125,475.00     s	322,787.50
05/01/09	s	4,780,000.00	5.25%	70,000.00    s	125,475.00
11/01/09	s	4,710,000.00	5.25%	s	123,637.50    s	319,112.50
05/01/10	s	4,710,000.00	5.25%	75,000.00      s	123,637.50
11/01/10	s	4,635,000.00	5.25%	s	121 ,668.75   s	320,306.25

s	321,237.50	
s	321 ,906.25	
s	322,312.50	
s	322,456.25	
s	322,337.50	
s	321 ,956.25	
s	321,312.50	
s	320,406.25	
s	31 9,237.50	
s	322,675.00	
s	320,718.75	
s	31 8,500.00	
s	320,887.50	
s	322,750.00	
s	319,218.75	
s	320,293.75	
s	320,843.75	
s	320,868.75	
s	320,368.75	
s	31 9,343.75	
s	322,662.50	
s	320,325.00	
s	322,331 .25	
s	318,681.25	
s	319,375.00	
$	319,281.25	
s	323,268.75	

05/01/11	s	4,635,000.00	5.25%	80,000.00      s	121,668.75	
11/01/11	s	4,555,000.00	5.25%	s	11 9,568.75
05/01/12	s	4,555,000.00	5.25%	s	85,000.00      s	11 9,568.75
11/01/12	s	4,470,000.00	5.25%	s	11 7,337.50
05/01/13	s	4,470,000.00	5.25%	s	90,000.00      s	117,337.50
11/01/13	s	4,380,000.00	5.25%	s	114,975.00
05/01/14	s	4,380,000.00	5.25%	s	95,000.00      s	114,975.00
11/01/14	s	4,285,000.00	5.25%	s	112,481.25
05/01/15	s	4,285,000.00	5.25%	s	100,000.00     s	112,481.25
11/01/15	s	4,185,000.00	5.25%	s	109,856.25
05/01/16	s	4,185,000.00	5.25%	s	105,000.00     s	109,856.25
11/01/16	s	4,080,000.00	5.25%	s	107,100.00
05101/17	s	4,080,000.00	5.25%	s	110,000.00    s	107,100.00
11/01/17	s	3,970,000.00	5.25%	s	104,212.50
05101/18	s	3,970,000.00	5.25%	115,000.00    s	104,212.50
11101/18	s	3,855,000.00	5.25%,	s	101,1 93.75
05/01/19	s	3,855,000.00	5.25%	s	120,000.00     s	101,193.75
11/01/19	s	3,735,000.00	5.25%	s	98,043.75
05/01/20	s	3,735,000.00	5.25%,	s	130,000.00	s	98,043.75

3,605,000.00	5.25%	
3,605,000.00	5.25%	
3,470,000.00	5.25%	
3,470,000.00	5.25%	
3,330,000.00	5.25%	
3,330,000.00	5.25%	
3, 180,000.00	5.25%	
3,180,000.00	5.25%	
3,020,000.00	5.25%	

11/01/20	s
05/01/21	s
11101/21	s
05/01/22	s
11/01/22	s
05/01/23	s
11/01/23	s
05/01124	s
11/01/24	s

s	94,631.25
135,000.00	s	94,631.25
s	91 ,087.50
140,000.00	s	91 ,087.50
s	87,412.50
s	150,000.00	s	87,412.50
s	83,475.00
s	160,000.00	s	83,475.00
s	79,275.00

05101 /25	s	3,020,000.00	5.25%	s	165,000.00	s	79,275.00
11/01/25	s	2,855,000.00	5.25%	s	74,943.75
05/01/26	s	2,855,000.00	5.25%	s	175,000.00	s	74,943.75
11/01/26	$	2,680,000.00	5.25%	s	70,350.00
05101/27	s	2,680,000.00	5.25%	s	185,000.00	s	70,350.00

2,495,000.00	5.25%	
2,495,000.00	5.25%	
2,300,000.00	5.25%	
2,300,000.00	5.25%	
2,095,000.00	5.25%	
2,095,000.00	5.25%	
1,880,000.00	5.25%	
1 ,880,000.00	5.25%	
1,650,000.00	5.25%	
1 ,650,000.00	5.25%	
1,410,000.00	5.25%	
1,410,000.00	5.25%	
1,1 55,000.00	5.25%	
1,155,000.00	5.25%	
890,000.00	5.25%	
890,000.00	5.25%	
610,000.00	5.25%	

11/01/27	s
05101/28	$
11/01/28	s
05/01/29	s
11101/29	s
05101130	s
11101130	s
05/01131	s
11101131	s
05/01132	s
11 /01132	s
05/01133	s
11/01/33	s
05101/34	s
11/01134	s
05/01135	s
11/01/35	s

s	65,493.75
s	195,000.00	s	65,493.75
s	60,375.00
s	205,000.00	s	60,375.00
s	54,993.75
s	21 5,000.00	s	54,993.75
49,350.00
s	230,000.00	s	49,350.00
s	43,312.50
s	240,000.00	s	43,312.50
s	37,012.50
s	255,000.00	s	37,012.50
s	30,318.75
s	265,000.00	s	30,318.75
s	23,362.50
s	280,000.00	s	23,362.50
s	16,012.50

05/01136	s	610,000.00	5.25%	s	295,000.00	s	16,012.50
11/01/36	s	315,000.00	5.25%	s	8,268.75
05/01/37	s	315,000.00	5.25%	s	31 5,000.00	s	8,268.75
 	$	4,850,000.00    $	5,053,606.24    s	9,903,606.24 1
14

TURNBULL CREEK COMMUNITY DEVELOPMENT DISTRICT EXHIBIT "A"
ALLOCATION OF OPERATING RESERVES ESTIMATED FUNDS AVAILABLE

Beginning General Fund Balance - Fiscal Year 2011	$
Estimated  Excess General Revenues -  Fiscal Year 2011	$
Total  Estimated  Funds Available - 9/30/11	$

ALLOCATION OF FUNDS AVAILABLE
General Fund Operating Reserve - First Quarter Operating Capital	$

290,494.00
67,422.74

357,916.74

1 83,191 .79

General Fund Reserves Total Reserves
Total Undesignated Cash

 $	1 74  724.95 
 $	357,916.74
$

15