Turnbull  Creek
Community Development District

Approved Budget Fiscal Year 2023
May 17, 2022

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	Approved
Budget	
Description	FY 2022	3/31/22	6 Months	9/30/22	FY 2023	

Revenues						
Maintenance Assessments	$1,207,047	$1,161,573	$45,446	$1,207,019	$1,294,978	
Interest/Miscellaneous	$2,000	$3,575	$400	$3,975	$2,000	
Amenities Revenue	$3,000	$4,809	$2,000	$6,809	$3,000	
Carry Forward Surplus	$99,413	$0	$23,510	$23,510	$0	
HOA Contribution	$0	$0	$9,000	$9,000	$0	
Total Revenues	$1,311,461	$1,169,958	$80,356	$1,250,314	$1,299,978	

Expenditures						
Administrative						
Supervisor Fees	$6,400	$2,400	$3,200	$5,600	$7,000	
FICA Expense	$490	$184	$245	$428	$536	
Engineering (JMT)	$16,000	$9,845	$14,000	$23,845	$25,000	
Arbitrage (Grau)	$2,400	$0	$3,000	$3,000	$3,000	
Dissemination (Rizzetta)	$2,850	$1,000	$1,300	$2,300	$1,000	
Trustee (US Bank)	$14,620	$3,631	$10,259	$13,890	$14,620	
Attorney (KE Law)	$47,000	$24,758	$22,242	$47,000	$47,000	
Tax Roll Assessments (Rizzetta)	$5,000	$5,000	$0	$5,000	$4,800	
Annual Audit (BTEGF)	$3,745	$0	$3,745	$3,745	$3,745	
Management Fees (Rizzetta)	$45,000	$22,500	$21,833	$44,333	$43,000	
Information Technology (Rizzetta)	$1,800	$900	$700	$1,600	$1,200	
Telephone	$1,000	$231	$300	$531	$1,000	
Postage	$800	$456	$491	$947	$1,000	
Printing	$1,800	$162	$1,285	$1,447	$1,800	
Insurance (FIA)	$9,488	$8,927	$0	$8,927	$10,713	
Legal Advertising	$2,000	$0	$1,000	$1,000	$2,000	
Other Current Charges	$1,000	$392	$408	$800	$1,000	
Office Supplies	$170	$10	$50	$60	$170	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Website Maintenance (Rizzetta)	$1,200	$600	$200	$800	$0	
Total Administrative Expenses	$162,938	$81,171	$84,258	$165,429	$168,759	

Amenity Center						
Insurance (FIA)	$25,421	$14,994	$0	$14,994	$28,705	
Pest Control (Turner Pest Control)	$3,123	$1,195	$1,677	$2,871	$3,123	
Repairs & Replacements	$36,000	$25,790	$21,010	$46,800	$48,000	
Recreational Passes	$800	$245	$555	$800	$800	
Office Supplies	$1,800	$445	$1,355	$1,800	$1,800	
Other Current Charges	$540	$270	$270	$540	$540	
Permit Fees (Pool, ASCAP/BMI/SEASAC)	$2,000	$1,739	$350	$2,089	$2,100	
Utilities						
Water & Sewer (STCUD)	$12,000	$3,950	$7,484	$11,434	$13,080	
Electric (FPL)	$36,000	$15,509	$18,600	$34,109	$39,240	
Telephone/Cable/Internet (Comcast)	$3,800	$1,995	$1,890	$3,885	$4,079	

Description	Adopted
Budget FY 2022	
Actual 3/31/22	
Next
6 Months	
Projected 9/30/22	Approved
Budget FY 2023	
Management Contracts
Lifeguards/Pool Monitors (RMS)	
$33,312	
$2,134	
$23,686	
$25,820	
$38,975	
Facilty Monitor (RMS)	$25,581	$11,089	$14,492	$25,581	$27,627	
Facility Management (RMS)	$64,481	$32,241	$32,241	$64,481	$68,608	
Facility Attendants (RMS)	$17,124	$5,714	$11,410	$17,124	$18,494	
Field Operations (RMS)	$54,184	$27,092	$27,092	$54,184	$57,652	
Facility Maintenance (RMS)	$51,796	$25,898	$25,898	$51,796	$55,111	
Pool Maintenance (RMS)	$14,317	$6,950	$6,950	$13,900	$15,233	
Pool Chemicals (Poolsure)	$13,524	$5,423	$9,129	$14,552	$17,463	
Janitorial Services (RMS)	$9,064	$4,400	$4,400	$8,800	$9,644	
Common Area Waste Collection (RMS)	$19,344	$9,672	$9,672	$19,344	$20,582	
Program Director (RMS)	$2,722	$1,361	$1,361	$2,722	$2,896	
Refuse Service (Waste Management)	$11,424	$5,513	$5,712	$11,225	$11,900	
Security (Alpha Dog and Envera)	$6,409	$6,304	$3,138	$9,442	$7,755	
Special Events	$9,000	$15,840	$6,800	$22,640	$20,000	
Holiday Decorations	$6,772	$2,580	$4,192	$6,772	$6,772	
Pressure Washing	$2,700	$950	$1,600	$2,550	$2,700	
Total Amenity Center Expenses	$463,239	$229,293	$240,963	$470,256	$522,879	

Grounds Maintenance						
Streetlighting (FPL)	$40,500	$19,612	$20,115	$39,727	$42,111	
Lake Maintenance (Future Horizons)	$14,100	$6,122	$7,346	$13,468	$16,500	
Landscape Maintenance (Trimac)	$350,698	$140,724	$140,724	$281,448	$289,884	
Landscape Contingency	$28,000	$14,572	$13,428	$28,000	$28,000	
Irrigation Repairs	$6,000	$1,555	$4,445	$6,000	$6,000	
Total Grounds Maintenance Expenses	$439,298	$182,584	$186,058	$368,643	$382,495	

Reserves						
Capital Reserves	$245,986	$0	$245,986	$245,986	$225,845	
Total Reserve Expenses	$245,986	$0	$245,986	$245,986	$225,845	
						
TOTAL EXPENDITURES	$1,311,461	$493,049	$757,265	$1,250,314	$1,299,978	
						
EXCESS REVENUES / (EXPENDITURES)	$0	$676,910	-$676,910	$0	$0	
			
FY 2022	
FY 2023		
Net Assessments			$ 1,207,047	$ 1,294,978		
Add: Discounts & Collections			$	77,010	$	82,620		
Gross Assessments			$ 1,284,057	$ 1,377,597		
Lots:						
Phase I Lots			740	740		
Phase II Lots			219	219	Increase	
Total Lots			959	959	7.3%	
Per Lot Assessment			$  1,338.96	$  1,436.50	$	97.54	

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 7 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, Johnson, Mirmiran & Thompson Inc (JMT), provides general engineering services to the District, including attendance and preparation for 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 Rizzetta & Company 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 are held by a Trustee with US Bank and Series 2016, Special Assessment Bonds are held by a Trustee with Hancock Whitney Treasury. This amount represents the annual fee for the administration of the District’s bond issues.

Attorney

The District's legal counsel, KE Law Group PLLC, will provide general legal services to the District,
i.e. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc.

Tax Roll Assessments

Rizzetta & Company 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 Frank 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 Rizzetta & Company.

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. Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone

Telephone and fax machine

Postage

Mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing

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.

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	$	300	$	3,600	
532445-124596	123 E Franchetta Dr - Water	$	35	$	420	
532445-124406	4106 Messina Dr - Water	$	38	$	456	
532445-124405	168 Toscana Ln	$	15	$	180	
				
515577-114371	101 W Positano Ave - Sewer	$	300	$	3,600	
532445-124596	123 E Franchetta Dr - Sewer	$	42	$	504	
	Contingency	$	360	$	4,320	
	Total	$	1,090	$	13,080	

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	$	88	$	1,056	
2781798307	5085 State Road 16 # Light	$	70	$	840	
5191830404	5335 San Giaconio	$	18	$	216	
6555783429	5335 State Rd 16 #1	$	40	$	480	
5907098254	90 E Franchetta Ln # Light	$	15	$	180	
2722888282	101 W Positano Ave	$	1,900	$	22,800	
6889119035	101 W Positano Ave #1	$	390	$	4,680	
	Contingency	$	639	$	7,668	
	Total	$	3,270	$	39,240	

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	340	4,079	

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	3,248	38,975	
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	2,302	27,627	

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	5,717	68,608	

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	1,541	18,494	
Field Operations

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

Contract	Monthly	Annual	
RMS	4,804	57,652	

Facility Maintenance

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

Contract	Monthly	Annual	
RMS	4,593	55,111	

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	1,269	15,233	

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	928	5,570	
Poolsure 6 months	1,522	9,129	
Contingency	230	2,764	
	2,680	17,463	

Janitorial Services

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

Contract	Monthly	Annual	
RMS	804	9,644	

Common Area Waste Collection

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

Contract	Monthly	Annual	
RMS	$1,715	$20,582	

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	$241	$2,896	

Refuse Service

Garbage disposal service is with Waste Management.

Contract	Monthly	Annual	
Advance Disposal	992	11,900	

Security

The District has contracted with Hidden Eyes DBA Envera for security monitoring for the Amenity Center billed quarterly and Alpha Dog for Cloud Access control monthly services.

Contract	Monthly	Annual	
Envera	493	5,916	
Alpha Dog	30	360	
	646	7,755	

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.

Pressure Washing

Cost to pressure clean amenity building and grounds.

Ground Maintenance:

Streetlighting

The District street lighting cost for the community supplied by FPL.

Account Number	Description	Monthly	Annual Amount	
2298893591	W Bonaventure Way	$	3,200	$	38,400	
4217317033	Verona Way	$	90	$	1,080	
	Contingency	$	219	$	2,631	
	Total	$	3,509	$	42,111	

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	$	1,375	$	16,500	

Landscape Maintenance

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

Contract	Monthly	Annual Amount	
Trimac	$	24,157	$	289,884	

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	Approved	

Description	Budget
FY 2022	Actual
3/31/22	Next
6 Months	Projected
9/30/22	Budget
FY 2023	

Revenues						
Carry Forward Surplus (1)	$229,349	$238,646	$0	$238,646	$225,949	
Interest Income	$250	$92	$174	$266	$250	
Assessments	$985,875	$948,755	$37,119	$985,875	$985,875	
Prepayments A1	$0	$19,922	$0	$19,922	$0	
Prepayments A2	$0	$5,096	$0	$5,096	$0	
Total Revenues	$1,215,474	$1,212,511	$37,293	$1,249,804	$1,212,074	

Expenditures						
Series 2015 A-1
Interest 11/1	

$165,978	

$165,978	

$0	

$165,978	

$158,556	
Interest 5/1	$165,978	$0	$165,978	$165,978	$158,556	
Principal 5/1	$445,000	$0	$445,000	$445,000	$460,000	
Special Call 5/1	$0	$0	$20,000	$20,000	$0	
Series 2015 A-2
Interest 11/1	

$48,450	

$48,450	

$0	

$48,450	

$45,363	
Interest 5/1	$48,450	$0	$48,450	$48,450	$45,363	
Principal 5/1	$105,000	$0	$105,000	$105,000	$110,000	
Special Call 5/1	$0	$0	$25,000	$25,000	$0	
Total Expenditures	$978,855	$214,428	$809,428	$1,023,855	$977,836	
						
EXCESS REVENUES / (EXPENDITURES)	$236,619	$998,083	-$772,134	$225,949	$234,238	

(1) Net of Debt Service Reserve Funds						
Debt Service for 11/01/202:3	

Interest	
$150,736	
Interest	$42,750	
Total	$193,486	

Net Assessments	$985,875	
Add: Disc. and Collections (6%)	$62,899	
Gross Assessments	$1,048,774	
Units	740	

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
11/01/22	$	7,675,000.00		-	$	158,555.63	$	158,555.63	
05/01/23	$	7,675,000.00	3.400%	$	460,000.00	$	158,555.63	-	
11/01/23	$	7,215,000.00		-	$	150,735.63	$	769,291.26	
05/01/24	$	7,215,000.00	3.650%	$	475,000.00	$	150,735.63	-	
11/01/24	$	6,740,000.00		-	$	142,066.88	$	767,802.51	
05/01/25	$	6,740,000.00	3.750%	$	495,000.00	$	142,066.88		
11/01/25	$	6,245,000.00		-	$	132,785.63	$	769,852.51	
05/01/26	$	6,245,000.00	3.800%	$	515,000.00	$	132,785.63		
11/01/26	$	5,730,000.00		-	$	122,871.88	$	770,657.51	
05/01/27	$	5,730,000.00	4.000%	$	525,000.00	$	122,871.88		
11/01/27	$	5,205,000.00		-	$	112,371.86	$	760,243.74	
05/01/28	$	5,205,000.00	4.250%	$	560,000.00	$	112,371.86		
11/01/28	$	4,645,000.00		-	$	100,471.88	$	772,843.74	
05/01/29	$	4,645,000.00	4.250%	$	580,000.00	$	100,471.88		
11/01/29	$	4,065,000.00		-	$	88,146.88	$	768,618.76	
05/01/30	$	4,065,000.00	4.250%	$	605,000.00	$	88,146.88		
11/01/30	$	3,460,000.00		-	$	75,290.63	$	768,437.51	
05/01/31	$	3,460,000.00	4.250%	$	635,000.00	$	75,290.63	-	
11/01/31	$	2,825,000.00		-	$	61,796.88	$	772,087.51	
05/01/32	$	2,825,000.00	4.375%	$	660,000.00	$	61,796.88	-	
11/01/32	$	2,165,000.00		-	$	47,359.38	$	769,156.26	
05/01/33	$	2,165,000.00	4.375%	$	690,000.00	$	47,359.38	-	
11/01/33	$	1,475,000.00		-	$	32,265.63	$	769,625.01	
05/01/34	$	1,475,000.00	4.375%	$	720,000.00	$	32,265.63	-	
11/01/34	$	755,000.00		-	$	16,515.63	$	768,781.26	
05/01/35	$	755,000.00	4.375%	$	755,000.00	$	16,515.63	-	
11/01/35	$	-	-		$	771,515.63	
		$	7,675,000.00	$	2,482,468.84	$	10,157,468.84	

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
11/01/22	$	1,910,000.00		-	$	45,362.50	$	45,362.50	
05/01/23	$	1,910,000.00	4.750%	$	110,000.00	$	45,362.50	-	
11/01/23	$	1,800,000.00		-	$	42,750.00	$	198,112.50	
05/01/24	$	1,800,000.00	4.750%	$	115,000.00	$	42,750.00	-	
11/01/24	$	1,685,000.00		-	$	40,018.75	$	197,768.75	
05/01/25	$	1,685,000.00	4.750%	$	120,000.00	$	40,018.75	-	
11/01/25	$	1,565,000.00		-	$	37,168.75	$	197,187.50	
05/01/26	$	1,565,000.00	4.750%	$	125,000.00	$	37,168.75	-	
11/01/26	$	1,440,000.00		-	$	34,200.00	$	196,368.75	
05/01/27	$	1,440,000.00	4.750%	$	130,000.00	$	34,200.00	-	
11/01/27	$	1,310,000.00		-	$	31,112.50	$	195,312.50	
05/01/28	$	1,310,000.00	4.750%	$	140,000.00	$	31,112.50	-	
11/01/28	$	1,170,000.00		-	$	27,787.50	$	198,900.00	
05/01/29	$	1,170,000.00	4.750%	$	145,000.00	$	27,787.50	-	
11/01/29	$	1,025,000.00		-	$	24,343.75	$	197,131.25	
05/01/30	$	1,025,000.00	4.750%	$	150,000.00	$	24,343.75	-	
11/01/30	$	875,000.00		-	$	20,781.25	$	195,125.00	
05/01/31	$	875,000.00	4.750%	$	160,000.00	$	20,781.25	-	
11/01/31	$	715,000.00		-	$	16,981.25	$	197,762.50	
05/01/32	$	715,000.00	4.750%	$	165,000.00	$	16,981.25	-	
11/01/32	$	550,000.00		-	$	13,062.50	$	195,043.75	
05/01/33	$	550,000.00	4.750%	$	175,000.00	$	13,062.50	-	
11/01/33	$	375,000.00		-	$	8,906.25	$	196,968.75	
05/01/34	$	375,000.00	4.750%	$	185,000.00	$	8,906.25	-	
11/01/34	$	190,000.00		-	$	4,512.50	$	198,418.75	
05/01/35	$	190,000.00	4.750%	$	190,000.00	$	4,512.50	-	
11/01/35	$	-		-	$	-	$	194,512.50
-	
			$	1,910,000.00	$	693,975.00	$	2,603,975.00	

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

Adopted	Approved	

Description	Budget
FY 2022	Actual
3/31/22	Next
6 Months	Projected
9/30/22	Budget
FY 2023	

Revenues						
Carry Forward Surplus (1)	$33,435	$34,181	$0	$34,181	$39,543	
Interest Income	$0	$9	$12	$21	$0	
Assessments	$78,986	$76,013	$2,974	$78,987	$78,986	
Prepayments B1	$0	$1,787	$0	$1,787	$0	
Prepayments B2	$0	$455	$0	$455	$0	
Total Revenues	$112,421	$112,444	$2,986	$115,430	$118,529	

Expenditures						
Series 2015B1						
Interest 11/1	$19,535	$19,250	$0	$19,250	$18,856	
Interest 5/1	$19,535	$0	$19,250	$19,250	$18,856	
Principal 5/1	$20,000	$0	$25,000	$25,000	$25,000	
Series 2015B2						
Interest 11/1	$5,075	$5,194	$0	$5,194	$4,956	
Interest 5/1	$5,075	$0	$5,194	$5,194	$4,956	
Principal 5/1	$5,000	$0	$2,000	$2,000	$5,000	
Total Expenditures	$74,220	$24,444	$51,444	$75,888	$77,625	
						
EXCESS REVENUES / (EXPENDITURES)	$38,201	$88,001	-$48,458	$39,543	$40,904	
(1) Net of Debt Service Reserve Funds						

Debt Service for 11/01/202:3

Interest	$18,431
$4,838
Total	$23,269

Net Assessments	$79,318	
Add: Disc. and Collections (6%)	$5,063	
Gross Assessments	$84,381	
Units	959	

Series 2015B-1 Senior Assessment Bonds
AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
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	
				$	870,000.00	$	535,431.26	$	1,449,681.26	

Series 2015B-2 Subordinate Special Assessment Bonds
AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
11/01/22	$	205,000.00	4.750%	-	$	4,956.25	$	4,956.25	
05/01/23	$	205,000.00	4.750%	$	5,000.00	$	4,956.25	-	
11/01/23	$	200,000.00	4.750%	-	$	4,837.50	$	14,793.75	
05/01/24	$	200,000.00	4.750%	$	5,000.00	$	4,837.50	-	
11/01/24	$	195,000.00	4.750%	-	$	4,718.75	$	14,556.25	
05/01/25	$	195,000.00	4.750%	$	5,000.00	$	4,718.75		
11/01/25	$	190,000.00	4.750%	-	$	4,600.00	$	14,318.75	
05/01/26	$	190,000.00	4.750%	$	5,000.00	$	4,600.00		
11/01/26	$	185,000.00	4.750%	-	$	4,481.25	$	14,081.25	
05/01/27	$	185,000.00	4.750%	$	5,000.00	$	4,481.25		
11/01/27	$	180,000.00	4.750%	-	$	4,362.50	$	13,843.75	
05/01/28	$	180,000.00	4.750%	$	5,000.00	$	4,362.50		
11/01/28	$	175,000.00	4.750%	-	$	4,243.75	$	13,606.25	
05/01/29	$	175,000.00	4.750%	$	5,000.00	$	4,243.75		
11/01/29	$	170,000.00	4.750%	-	$	4,125.00	$	13,368.75	
05/01/30	$	170,000.00	4.750%	$	5,000.00	$	4,125.00		
11/01/30	$	165,000.00	4.750%		$	4,006.25	$	13,131.25	
05/01/31	$	165,000.00	4.750%	$	5,000.00	$	4,006.25	-	
11/01/31	$	160,000.00	4.750%		$	3,887.50	$	12,893.75	
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	
				$	205,000.00	$	144,537.50	$	349,537.50	

Turnbull Creek
Community  Development  District	Debt Service Fund
Series 2016

Adopted	Approved	
	Budget	Actual	Next	Projected	Budget	
Description	FY 2022	3/31/22	6 Months	9/30/22	FY 2023	

Revenues						
Carry Forward Surplus	$70,251	$72,940	$0	$72,940	$72,320	
Interest Income	$0	$19	$62	$81	$0	
Assessments - Tax Collector	$286,513	$275,718	$10,787	$286,505	$286,513	
Total Revenues	$356,764	$348,677	$10,849	$359,526	$358,833	

Expenditures						
Series 2016						
Interest 11/1	$63,603	$63,603	$0	$63,603	$63,603	
Interest 5/1	$63,603	$0	$63,603	$63,603	$63,603	
Principal 5/1	$160,000	$0	$160,000	$160,000	$160,000	
Total Expenditures	$287,206	$63,603	$223,603	$287,206	$287,206	
						
EXCESS REVENUES / (EXPENDITURES)	$69,558	$285,074	-$212,754	$72,320	$71,627	

Debt Service for 11/01/2023:

Interest	$60,643
Total	$60,643

Net Assessments	$286,513	
Add: Discounts and Collections (6%)	$18,280	
Gross Assessments	$304,792	
Units	219	

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

AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL

11/01/22	$	3,278,000.00	3.70%	-	$	60,643.00	$	60,643.00	
05/01/23	$	3,278,000.00	3.70%	$	167,000.00	$	60,643.00	-	
11/01/23	$	3,111,000.00	3.70%	-	$	57,553.50	$	285,196.50	
05/01/24	$	3,111,000.00	3.70%	$	173,000.00	$	57,553.50	-	
11/01/24	$	2,938,000.00	3.70%	-	$	54,353.00	$	284,906.50	
05/01/25	$	2,938,000.00	3.70%	$	179,000.00	$	54,353.00	-	
11/01/25	$	2,759,000.00	3.70%	-	$	51,041.50	$	284,394.50	
05/01/26	$	2,759,000.00	3.70%	$	186,000.00	$	51,041.50	-	
11/01/26	$	2,573,000.00	3.70%	-	$	47,600.50	$	284,642.00	
05/01/27	$	2,573,000.00	3.70%	$	193,000.00	$	47,600.50	-	
11/01/27	$	2,380,000.00	3.70%	-	$	44,030.00	$	284,630.50	
05/01/28	$	2,380,000.00	3.70%	$	200,000.00	$	44,030.00	-	
11/01/28	$	2,180,000.00	3.70%	-	$	40,330.00	$	284,360.00	
05/01/29	$	2,180,000.00	3.70%	$	208,000.00	$	40,330.00	-	
11/01/29	$	1,972,000.00	3.70%	-	$	36,482.00	$	284,812.00	
05/01/30	$	1,972,000.00	3.70%	$	216,000.00	$	36,482.00	-	
11/01/30	$	1,756,000.00	3.70%		$	32,486.00	$	284,968.00	
05/01/31	$	1,756,000.00	3.70%	$	224,000.00	$	32,486.00	-	
11/01/31	$	1,532,000.00	3.70%	-	$	28,342.00	$	284,828.00	
05/01/32	$	1,532,000.00	3.70%	$	232,000.00	$	28,342.00	-	
11/01/32	$	1,300,000.00	3.70%	-	$	24,050.00	$	284,392.00	
05/01/33	$	1,300,000.00	3.70%	$	241,000.00	$	24,050.00	-	
11/01/33	$	1,059,000.00	3.70%	-	$	19,591.50	$	284,641.50	
05/01/34	$	1,059,000.00	3.70%	$	250,000.00	$	19,591.50	-	
11/01/34	$	809,000.00	3.70%	-	$	14,966.50	$	284,558.00	
05/01/35	$	809,000.00	3.70%	$	260,000.00	$	14,966.50	-	
11/01/35	$	549,000.00	3.70%	-	$	10,156.50	$	285,123.00	
05/01/36	$	549,000.00	3.70%	$	269,000.00	$	10,156.50	-	
11/01/36	$	280,000.00	3.70%		$	5,180.00	$	284,336.50	
05/01/37	$	280,000.00	3.70%	$	280,000.00	$	5,180.00	-	
11/01/37	$	280,000.00	3.70%			$	285,180.00	
						-	
				$	3,278,000.00	$	1,053,612.00	$	4,331,612.00	

Turnbull  Creek
Community Development District	Capital Reserve Fund

Adopted	Approved	

Description	Budget
FY 2022	Actual
3/31/22	Next
6 Months	Projected
9/30/22	Budget
FY 2023	

REVENUES:						
Capital Reserve - Transfer In	$245,986	$0	$245,986	$245,986	$225,845	
Carry Forward Surplus	$331,853	$371,433	$0	$371,433	$519,029	
Total Revenues	$577,839	$371,433	$245,986	$617,419	$744,874	

EXPENDITURES:						
Repair and Replacement	$50,000	$31,327	$0	$31,327	$50,000	
Capital Outlay	$50,000	$66,862	$0	$66,862	$50,000	
Other Current Charges	$300	$46	$156	$202	$300	
Tootal Expenditures	$100,300	$98,235	$156	$98,391	$100,300	
						
EXCESS REVENUES / (EXPENDITURES)	$477,539	$273,199	$245,830	$519,029	$644,574