Approved Budget
Fiscal Year 2019

South Village Community Development District

June 5, 2018

South Village	General Fund
Community Development District

Adopted	Actual	Projected		Total	Approved Budget		thru		Next	Projected at		Budget
 	Descrietion		 	FY2018		 4130/2018	 5 Months	 9/3012018	 	FY2019	
Revenues
Maintenance Assessments - Tax Collector	$606,205	$519,596	$84,028	$603,624	$615,146 Maintenance Assessments - Direct		$1,267		$951		$316		$1,267		$1,267 Misc. Income			$0		$918		$150		$1,068			$0
Total Revenues	$607,472	$521,465	$84,494	$605,959	$616,413

Expenditures
Administrative
Supervisors Fees	$13,000	$9,800	$5,000	$14,800	$13,000
FICA Taxes	$1,000	$750	$1,132	$1,000
Engineering	$15,000	$8,190	$5,850	$14,040	$15,000
Arbitrage	$1,200	$0	$0	$0	$1,200
Dissemination Agent	$5,000	$2,917	$2,083	$5,000	$5,000
Assessment Roll	$5,300	$5,260	$0	$5,260	$5,300
Attorney	$35,000	$19,952	$14,252	$34,204	$35,000
Annual Audit	$4,500	$0	$4,500	$4,500	$4,500
Trustee	$15,000	$0	$12,102	$12,102	$15,000

$417

Management Fees	$45,000	$26,250	$18,750	$45,000	$45,000
Computer Time	$1,000	$583	$1,000	$1,000
Telephone	$500	$438	$313	$752	$500
Postage	$1,500	$883	$630	$1,513	$1,500
Insurance	$7,200	$4,502	$0	$4,502	$7,200
Printing & Binding	$3,300	$2,168	$1,548	$3,716	$3,300
Legal Advertising	$1,000	$443	$316	$1,000
Other Current Charges	$1,200	$1,251	$250	$1,501	$1,200

$175

$175

Office Supplies	$100	$34	$81	$100
Dues, Licenses, Subscriptions	$200	$0	$200
Contingency	$500	$0	$500	$500	$572
Sub-Total - Administrative Expenses	$156,500	 	$83,608	 	$66,928	$150,536	$156,572

Community Appearance
lnterlocal Agreement - MVCDD	$36,000	$35,893	$0	$35,893	$36,000
Landscape - Contract	$123,600	$60,929	$62,912	$123,841	$155,518
Landscape - Contingency	$30,000	$1,315	$5,000	$6,315	$30,000
Facility & Grounds Maintenance (Labor)	$31,200	$13,203	$22,634	$31,200
Landscape - Irrigation Repairs	$10,000	$4,022	$2,873	$6,895	$10,500
Lake - Contract	$28,900	$11,556	$9,630	$21,186	$25,423
Operations Management	$43,000	$25,050	$17,917	$42,967	$43,000
Utilities	$105,000	$33,627	$33,627	$67,254	$95,000
Miscellaneous - Direct C0st	$20,000	$4,061	$2,901	$6,962	$10,000
Security	 	$23,200	 	$10,913	 	$7,795	 $18,708	 	$23,200 
Sub-Total - Community Appearance	$450,900	$200,569	$152,085	$352,654	$459,841

TOTAL EXPENDITURES	$607,400	$284,177	$219,013	$503,190	$616,413

$72

EXCESS  REVENUES/(EXPENDITURES)	 	

$237,288	($134,518)	$102,769	$0

South Village

Community Development District

Platted Lots	FY2018	FY2019	

Assessments - Platted Lots Net Assessment Rate
Total Net Assessments - Tax Collector
Gross Assessment (6% Discounts/Collections) Gross Assessment - Per Unit

DFH Lots
Assessments - Platted Lots Net-Assessment Rate
Total Net Assessments - Tax Collector Gross Assessment (6% Discounts/Collections)
Gross Assessment - Per Unit	
1233
$1,010.50
$1,245,947
$1,325,475
$1,075

99
$70.41
$6,971
$7,415
$74.90	
1233
$1,010.50
$1,245,947
$1,325,475
$1,075

99
$1,010.50
$100,040
$106,425
$1,075.00	

Allocation of On Roll Assessments:
Total Net Assessments - Tax Collector Platted	
$1,245,947	
Total Net Assessments - DFH Lots	$100 040	
Total Assessment - Tax Collector	$1,345,986	
General Fund	$606,205.00	
Recreation Fund	$739,781.00	
	$1,345,986	
		
IDirect Invoices	FY2019	
Eagle Landing LP	13-04-24-005542-010-00	$1,267	

 	$1,267 I

2

South Village
Community Development District
GENERAL FUND BUDGET

REVENUES:

Assessments - Platted Lots
The District will assess the platted lots within the District to fund a portion of the District's operating budget for the fiscal year.

EXPENDITURES:

Administrative:

Engineering Fees
The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, and various projects assigned as directed by the board of supervisors.
Arbitrage

The District is required to have an annual arbitrage rebate 2016A1/A2 and A3, Capital Improvement Refunding Bonds. independent CPA firm to perform this calculation.
Dissemination Agent

calculation prepared for the Series The District will contract with an

The District has contracted GMS, LLC to act as Dissemination Agent for the District to prepare the Annual Disclosure Report 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.
Attorney
The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, agreements, etc.
Annual Audit
The District is required by Florida Statute to arrange for an annual audit of its financial records by an independent certified public accounting firm.
Trustee
The District's Series 2016A1/A2 and A3 Capital Improvement Refunding Bonds are held by a Trustee with US Bank, N.A. The amount represents the fee for the administration of the District's bond issue.
Assessment Roll
Assessment Roll administrative services are provided by Governmental Management Services, LLC for updating the districts' tax roll, certifying the annual assessments and collection of prepaid assessments.
3

South Village
Community Development District
GENERAL FUND BUDGET

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. These services are further outlined in Exhibit "A" of the Management Agreement.

Computer Time

The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a mainframe computer leased by Governmental Management Services, LLC

Telephone
This category includes all charges relating to telephone calls, conference calls, and faxes made to and on behalf of the District.

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.
Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. FIA specializes in providing insurance coverage to governmental agencies.
Printing & Binding
This category includes expenses relating to the printing and binding of agenda packages for board meetings, accounts payable checks, stationary, envelopes, photocopies, etc.
Legal Advertising
The District is required to advertise various notices for board meetings, public hearings, etc. in a newspaper of general circulation.
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.

4

South Village
Community Development District
GENERAL FUND BUDGET

Community Appearance
lnterlocal Agreement- Middle Village CDD
The District has entered into an agreement with Middle Village COD for the maintenance and repair of certain landscape areas and associated irrigation systems which are located within the Right-of-Way of Oakleaf Plantation Boulevard.
Landscape
This represents landscape maintenance of all District property, to include mowing, weeding, trimming, pruning, fertilizing etc. The District is contracted with Tree Amigos. The contract is $12,959.81 per month, or $155,517.72 annually..
Facility & Grounds Maintenance
Represents contracted amount paid to Eagle Landing Limited Partnership for a full time contracted maintenance labor employee.
Landscape- Irrigation Repairs
This represents repairs to the District's irrigation systems which are not already included in contract with Tree Amigos.

Operations Management
Represents contracted amount paid to Eagle Landing Limited Partnership for management of the operations and related contracts of District facilities and common areas.

Lake Maintenance
The District has contracted with Lake Doctor's for monthly aquatic plant management in 29 ponds. Services provide labor, equipment, herbicides and technology to control cattails, pennywort, primrose and algae. The contract is $1,926 per month, or $23,112 annually. Amount budgeted includes a 10% contingency.
Utilities
The District currently has the following accounts with Clay Electric Cooperative for electric service:

Account#	Service Address	Monthly	Annually	
587548-9	3935-1 Eagle Landing/Water Fall	$	350.00	$	4,200.00	
592937-7	3935-2 Eagle Landing/St Lights	$	150.00	$	1,800.00	
647443-1	4045-2 Eagle Crossing Drive	$	60.00	$	750.00	
	Contingency		$ 10,000.00	
		Total	$ 16,750.00	

5

South Village
Community Development District
GENERAL FUND BUDGET

In addition, the District has the following accounts with Clay County Utility Authority for water, sewer and reuse service:

Account#	Service Address	Monthly	Annually

00213095	3924-1 Eagle Landing Pkwy	$ 500.00	$	6,000.00	
00213119	3988-1 Eagle Landing Parkway	$ 160.00	$	1,920.00	
00215602	3968-1 Eagle Landing Parkway	$ 180.00	$	2,160.00	
00220803	3973 Eagle Landing Parkway	$ 115.00	$	1,380.00	
00222067	3989 Eagle Landing Parkway	$ 850.00	$	10,200.00	
00229064	3979-2 Eagle Landing Parkway	$2,015.00	$	24,180.00	
00230632	3965-1 Eagle Landing Parkway	$	60.00	$	720.00	
00230638	3965-2 Eagle Landing Parkway	$	50.00	$	600.00	
00230640	3965-3 Eagle Landing Parkway	$ 170.00	$	2,040.00	
00230641	3975 Eagle Landing Parkway	$ 275.00	$	3,300.00	
00230642	3979 Eagle Landing Parkway	$ 205.00	$	2,460.00	
00233750	1433-1 Eagle Landing Parkway	$ 120.00	$	1,440.00	
00502768	2180 Club Lake Drive Reclaimed Irr	$	27.00	$	324.00	
00502779	2319 Club Lake Drive Reclaimed Irr	$	35.00	$	420.00	
00556739	1294 Autumn Pines Drive	$	25.00	$	300.00	

Misc - Direct Costs

Contingency	 		$		13,096.00 Total	$	70,000.00

Represents any expenses not included in the other categories.

Security
The District has contracted with the Clay County Sheriff's Office for security.

6

South Village
COMMUNITY DEVELOPMENT DISTRICT

CAPITAL RESERVE
FY2019

 	 	 	 	

Description	

REVENUES:
Maintenance Assessments Interest Income

Adopted Budget FY2018

$115,902

Carry Forward Surplus	$47,297		$99,633		$0		$99,633		$160,520	
TOTAL REVENUES	    $163,199		$199,295		$16,079		$215,374		$285,728	
EXPENDITURES:										
Capital Outlay/Repair & Replacement	$0		$29,144		$25,451		$54,595		$150,000	
Other Current Charges	$300		$173		$87		$260		$300	
TOTAL EXPENDITURES	 	$300		     $29,317		 	$25,538 		 	$54,855		  $150,300	

$0

Actual thru 4/30/2018

$99,427
$235

Projected Next
5 Months

$16,079
$0

Total Projected at 9/30/2018

$235

$115,506

Approved Budget FY2019

$125,208
$0

ASSIGNED FUND BALANCE	$162,899	$169,978			$160,520	$135,428	
IPlatted Lots	
FY2018	FY2019 I	
Assessments - Platted Lots	1233	1332	
Net-Assessment Rate	$94.00	$94.00	
Total Net Assessments - Tax Collecto	$115,902	$125,208	

 Gross Assessment - Per Unit	$100.00	$100.00 I

7

South Village	Recreational Fund
Community Development District

$47

$370

	Amended
Budget		Actual
thru		Projected
Next		Total
Projected at		Approved
Budget	
	 	FY2018			     4/30/2018 		  5 Months 		    9/30/2018 		     FY2019 	
Revenues:										
Tennis:										
Guest Fees	$4,300		$2,159		$2,141		$4,300		$4,300	
Pro Shop Merchandise	$12,000		$4,133		$7,867		$12,000		$12,000	
Fitness	$4,500		$1,378		$3,122		$4,500		$4,500	
Lessons & Clinics	 	$54,600		 	$23,228 		 	$31,372		 	$54,600 		 	$54,600	
Sub Tolal	 	$75,400		 	$30,898 		     $44,502 		$75,400		$75,400	

Pools:										
Guest	$4,700	$1,497	$3,203	$4,700	$4,700	
Swim Lessons	$6,300	$775	$5,525	$6,300	$6,300	
Rentals	$600	$0	$600	$600	$600	
Clubroom Rentals	$12,000	$13,294	$5,000	$18,294	$20,000	
Swim Team	 	$12,000	 	$9,005 	 	$2,995 	 	$12,000 	 	$12,000	
Sub Total	 	$35,600 	 	$24,571 	$17,323	$41,894	$43,600	

Cafe:										
Food	$52,100	$5,211	$46,889	$52,100	$55,000	
Merchandise	$9,000	$2,523	$6,477	$9,000	$9,000	
Wine	$1,000				$953		$1,000		$1,000	
Liquor	$21,400	$2,335	$19,065	$21,400	$21,400	
Beer	$13,400	$1,115	$12,285	$13,400	$13,400	

Sundries	 	$370	 	$0	$370	 		 	$370

$589

Sub Total	 	$97,270	 	$11,231	$86,039	 	$97,270	$100,170

Kids:
Facility Rentals	
$300		
$0		
$300		
$300		
$300	
Summer Camp	$22,000		$6,615		$15,385		$22,000		$24,000	
Programs	$9,000		$258		$8,742		$9,000		$9,000	
Social Programs	$2,200		$3,333		$1,500		$4,833		$2,200	
Holiday Events	 	$0		 			 	$500 		 			 	$0	
Sub Total	 	$33,500		 	$10,295 		$26,427		$36,722		$35,500	
Maintenance Assessments	
$646,712		
$554,783		
$89,719		
$644,502		
$739,781	
Carry Forward Surplus	$58,049		$0		$0		$0		$0	
G&A - Other Income	$0		($3,612)		$5,000		$1,388		$0	
Interest Income	$0		$94		$50				$0	
Total Gross Revenues	$946,531		 	$628,166 		$269,010		$897,176		$994,451	
Total Net Revenues	 	$946,531 		$628,166		    $269,010		 	$897,176 		$994,451	

$144

8

South Village	Recreational Fund
Community Development District	Continued

Amended		Actual		Projected		Total		Approved	
Budget		thru		Next		Projected at		Budget	

Expenses:
Tennis:

 	FY2018		 4/30/2018	 5 Months	 9/30/2018	 FY2019 

Pool:

Management Fees	$222,616	$129,697	$92,919	$222,616	$222,616
Security	$300	$883	$500	$1,383	$300
Cable	$2,400	$1,201	$1,199	$2,400	$2,400
Electric	$36,500	$10,750	$25,750	$36,500	$36,500
Repairs and Maintenance	$7,200	$8,662	$2,500	$11,162	$7,200
Court Maint.	$10,000	$1,469	$8,531	$10,000	$10,000
Waste Removal	$4,200	$3,431	$769	$4,200	$6,000
Office Supplies	$1,000	$285	$715	$1,000	$1,000
Paper & Cleaning	$3,000	$3,054	$250	$3,000	$3,700
Recreational Supplies	$2,400	$1,376	$1,024	$2,400	$2,400
Merchandise	 	$7,000	 	$1,085	 	$5,915	 	$7,000	 	$7,000
Sub Total	 	$296,616	 	$161,893	 $140,072	 	$301,661	 	$299,116

Management Fees	$220,097	$91,288	$128,809	$220,097	$220,097	
Security	$300	$0	$300	$300	$300	
Electric	$43,600	$19,877	$23,723	$43,600	$43,600	
Water and Sewer	$5,100	$3,802	$1,298	$5,100	$8,400	
Gas	$7,900	$6,626	$1,274	$7,900	$7,900	
Repairs and Maint.	$6,000	$2,660	$3,340	$6,000	$6,000	
Pool Maintenance	$20,400	$7,707	$12,693	$20,400	$20,400	
Miscellaneous	$200		$200	$200	$200	
First Aid/Safety	$400	$384	$16	$400	$400	
Employee Training	$200	$1,040	$250	$1,290	$200	
Swim Team	$4,000	$0	$4,000	$4,000	$4,000	
Office Supplies	$1,200	$629	$571	$1,200	$1,200	
Paper & Cleaning Supplies	$2,400		$1,685	$2,400	$2,400	
Recreational Supplies	$900	$661	$239	$900	$900	
Pool Chemicals	$10,200	$8,075	$2,125	$10,200	$15,300	
Permits	 	$900	 	$0	 	$900	 	$900 	 	$900	
Sub Total	 	$323,797	 	$143,464	    $181,423	 	$324,887	 	$332,197	

Management Fees	$37,913	$6,662	$31,251	$37,913	$37,913	
Telephone	$0	$2,613	$1,500	$4,113	$0	
Cable	$1,600	$954	$646	$1,600	$1,600	
Gas	$3,000	$617	$2,383	$3,000	$3,000	
Repairs & Maint.	$1,800	$2,572	$500	$3,072	$1,800	
Pest Control	$2,500	$794	$1,706	$2,500	$2,700	
Waste Removal	$4,400	$3,431	$969	$4,400	$6,000	
Miscellaneous Exp.	$0	$0	$0	$0	$0	
Paper & Cleaning Supplies	$4,500			$4,500	$4,500	
Food	$24,000		$4,853	$19,147	$24,000	$32,000	
Recreational Supplies	$1,600		$308	$1,292	$1,600	$1,600	
Merchandise	$3,400		$3,445	$1,500	$4,945	$3,400	
Beer	$6,700		$1,167	$5,533	$6,700	$6,700	
Liquor	$8,600		$3,353	$5,247	$8,600	$8,600	
Permits	 	$500		 	$273	 	$227	 	$500 	 	$500	
Sub Total	 	$100,513		 	$31,605	 	$75,838	 	$107,443	 	$110,313	
		
9					

Cafe:

$563

$3,937

South Village	Recreational Fund

$5,537

Community Development District	Continued

10

South Village
Community Development District
RECREATIONAL FUND BUDGET

REVENUES:
Assessments
The District will levy a maintenance assessment on all assessable property within the district.

Swim & Tennis Revenues

Tennis:
Guest Fees - Fees collected for non-resident usage of Athletic Center facilities, fitness & tennis programs while accompanied with a resident.
Pro Shop Merchandise - The sale of drinks, tennis balls, apparel and equipment. Fitness - Rental funds collected from vendors: Ship Shape Strong, LLC for TRX classes & Monica Fitzpatrick for Zumba classes.
Lessons & Clinics - Funds collected from patrons of private tennis lessons & group clinics given by East West Partners staff.

Pools:

Cafe:

Kids:

Guest Fees - Funds collected for non-resident usage of the Swim Park while accompanied with a resident.

Swim Lessons - Funds collected for private, semi-private and group swim lessons given by East West Partners staff.
Rentals - Funds collected from resident rentals of the Clubroom, Cafe Patio and Village Green for parties and events. Vintage G race Church rents every Sunday morning. Rental fees collected from Atlantic Coast Diving and North Florida Diving are also shown here.
Swim Team - Registration fees for our summer swim team Eagle Rays.
Food - Sales of food, drinks and ice cream. Merchandise - Candy sales from the Village Store. Wine - Wine sales from the Cabana Bar.
Liquor - Liquor drinks and shots sold from the Cabana Bar. Beer - Beer sold from the Cafe and Cabana Bar.
Sundries - Sale of bags, cups, sunscreen and some novelty candy from Village Store.

Facility Rentals - Private parties and Church events. Summer Camp - Camp held while school is not in session.
Programs - Kid events such as Kids Only Parties and Gimmie a Break. Social Programs - Family events.
Holiday Events - Easter basket deliveries and other Holiday events with a fee.

11 

South Village
Community Development District
RECREATIONAL FUND BUDGET
EXPENDITURES:

Swim and Tennis Expenses

Tennis:
Management Fees - Salaries for Tennis Director, Assistant Tennis Pro, Front Desk, Floating Position and Social Membership Coordinator
Security - Alarm service and monitoring with Access Limited for Athletic Center. Cable - Comcast cable services for workout facility.
Electric - Clay Electric for the Athletic Center
Repairs and Maintenance - General repairs to the building, HVAC systems and workout equipment.
Court Maint. - Costs for clay, windscreens, nets/posts and light bulbs on the court.
Waste Removal - Provided by Waste Management

Office Supplies - Pens, printing supplies, folders, small equipment. Paper and Cleaning - Cleaning solutions, paper towels, toilet paper and equipment wipes.

Recreational Supplies - Basketballs, nets, ping pong equipment, etc. Merchandise - Tennis Balls, Drinks and Fitness apparel for sale.

Pool:

Cafe:

Management Fees - Salaries for Recreation Director, Pool Maintenance, Front Desk and
Lifeguards.
Security - Alarm service and monitoring for Residents Club, Cabana Bar and Pool.
Cable - Comcast service for clubroom. Not active currently.
Electric - Clay Electric Service for Residents Club and pool equipment. Water and Sewer - CCUA water service for pool facility.
Gas - Western Natural Gas provides gas for pool heater.
Repairs and Maint. - General repairs to Residents Club building HVAC systems and small equipment.
Pool Maintenance - Repairs made to pool equipment, the pools, waterslide/diving boards.
Miscellaneous - Any odd expense that doesn't fit appropriately elsewhere. First Aid/Safety - To replenish first aid kids and lifeguard accessories.
Employee Training - Expenses to cover key staff member recertifications. Swim Team - T-shirts, caps, trophies, banquet food and software/equipment, league fees to First Coast Summer Swim League for Eagle Rays summer swim team.
Office Supplies - Pens, receipt paper, ink, tape, envelopes, etc.
Paper and Cleaning Supplies - Paper towels, toilet paper, hand soap, cleaning solutions.
Recreational Supplies - Pool floats, balls, toys, ping pong and billiard equipment. Pool Chemicals - Agreement with Poolsure to provide chemicals and feed equipment.
Permits - Pool Operating permit fees for four pools through Stale of FL DOH.
Management Fees - Cafe/Store counter staff, cooks and Cabana Bar bartender & bar back.

12 

South Village
Community Development District
RECREATIONAL FUND BUDGET
Cable - Comcast cable service to Cafe, patio and Cabana Bar.
Gas - Gas for kitchen equipment provided by Western Natural Gas. Repairs & Main! - Any repairs to cafe/cabana area and equipment.
Pest Control - Monthly pest control services for Cafe provided by Ecolab. Waste Removal - Waste Management trash and recycling pickup.
Paper & Cleaning Supplies - Sanitizers, soaps, cups, paper towels, food trays. Food - Food products purchased through Sysco.
Recreational Supplies - Small wares and appliances.
Beer - Canned beer products purchased through Champion and North FL Sales. Liquor - Spirits purchased through Southern Glazer's Wine and Spirits.
Permits - Seating License and Liquor License for Cafe/Cabana Bar.
Administrative:
Management Fees - General employee benefits, screening and payroll fees. Attorney - Any legal fees associated directly with the Recreation Fund.
Computers/IT - Fees paid to TAI and IT assistance to GMS. Telephone - Service provided by RingCentral.

Postage - Mailing fees for equipment repair and various letters. Printing - Adobe software fees to create online newsletter and other publications.
Miscellaneous - Other costs that do not fit in other areas.
Credit Card Fees - To receive payments from credit processor Elavon. Decorations - Holiday decorations used around amenities and common areas. Permits - Music licensing permits.
Insurance - Amenity property insurance.
Programs:
Management Fees - Labor costs for summer camp, kid's only parties, holiday
events, gimmie a break, social events and teen events. Electric - Clay Electric services to the Kid's Club.

Equipment Rental - Helium tank rental with Praxair.
Repairs & Maintenance - Anything within the Kid's Club and playground. Holiday Events - Costs for major holiday features including Halloween, Christmas Carnival, Easter, Memorial, 4th of July and Labor Day weekend.
Summer Camp - Arts & craft supplies, snacks & drinks, pizza parties on Fridays, toys and games to provide for summer camp kids.
Social Events - Dive in movie supplies and other event costs for the residents.
Lake House:
Electric - Clay Electric service for the Lakehouse HVAC and lighting.
Repairs & Maintenance - Specific to the Lakehouse building, docks & canoes.

13 

South Village
Community Development District

Debt Service Fund Series 2016 A1/A2

Description

Revenues
(ll Carry Forward Surplus
Special Assessment - Tax Collector Direct Invoices A1
Prepayments A1 Prepayments A2 Interest Income

TOTAL REVENUES

Expenditures
Series 2016 A1 - Refunding Bonds Interest - 11/1
Special Call - 11/1 Interest - 5/1 Principal - 5/1 Special Call - 5/1

Series 2016 A1 - Revenue Bonds
Interest - 11/1
Interest - 5/1

Series 2016 A2 - Refunding Bonds Interest - 11/1
Special Call - 11/1 Interest - 5/1 Principal - 5/1 Special Call - 5/1

Interest - 11/1		$21,000	$21,000	$0	$21,000	$20,875	
Interest - 5/1		$21,000	$0	$20,875	$20,875	$20,875	

Series 2016 A2 - Revenue Bonds

Adopted Budget
 	FY2018	

$419,409
$1 ,490,047
$24,874

$0
$0

$1 ,934,330

$201,094
$0
$201,094
$585,000
$0

$57,469
$57,469

$104,175
$0
$1 04,175
$1 65,000

Actual thru
 	4/30/2018	

$430,773
$1 ,499,755
$24,874
$1 4,203
$4,521
$2,752

$1 ,976,879

$201,094
$10,000
$0
$0
$0

$57,469
$0

$104,175
$5,000
$0
$0
$0

Projected Next
 	5 Months	

$0
$0
$0
$0
$0
$500

$500

$0
$0
$201 ,094
$585,000
$15,000

$0
$57,281

$0
$0
$104,175
$165,000
$40,000

Total	Approved
Projected at	Budget
9/30/2018	FY2019

$430,773	$390,217
$1 ,499,755	$1 ,490,047
$24,874	$24,874
$1 4,203	$0
$4,521	$0
$3,252	$0
$1 ,977,379	$1 ,905,1 38

$201 ,094	$195,013
$1 0,000	$0
$201,094	$195,013
$585,000	$600,000
$15,000

$57,469	$57,281
$57,281	$57,281

$104,175	$99,624
$5,000	$0
$1 04,175	$99,624
$1 65,000	$170,000
$40,000	$0

     TOTAL EXPENDITURES	

 EXCESS REVENUES/(EXPENDITURES)
'1l   Carry Forward is net of Reserve requirement

Platted Lots - Full Debt
Platted Lots - No 2005A Debt

$1,517,475

 	$416,855

Total    Debt Gross Per
Units	Unit Tax Roll
1072	$1,470.05
$146.87

$398,738

     $1,578,142

Gross
Assessment

$1,575,894
$8,665

$1,188,425

 	($1,187,925)

Net
Assessment

$1,481,340
$8,145

$1,587,163	$1,515,586

 	$390,217	 	$389,552

Interest 11/1/2019:

Al Refunding	$189,013
Al Revenue	$57,281
A2 Refunding	$95,927

Platted lot- Partial

1	$597.53	 	

 	$562

A2 Revenue	$20,875

Total Platted

1,132

$1,585,156

14

$1,490,047

$363,096

South Village	Amortization  Schedule
Community Development District	Series 2016 A1,  Refunding   Bonds

DATE	BALANCE	 	RATE		PRINCIPAL	INTEREST	TOTAL

11 /1/2018 	$	12,785,000.00	2.00%	$	
5/1/2019 	$	12,785,000.00	2.00%	$	
11/1/2019	$	12,1 85,000.00	2.00%	$	
5/1/2020	$	12,1 85,000.00	2.00%	$	
1 1/1/2020	$	11 ,570,000.00	2.00%	$	
5/1/2021	$	11 ,570,000.00	2.00%	$	
11/1/2021	$	10,945,000.00	2.00%	$	
5/1/2022	$	1 0,945,000.00	2.00%	$	
11/1/2022	$	10,305,000.00	2.1 3%	$	
5/1/2023	$	10,305,000.00	2.13%	$	
1 1/1/2023	$	9,650,000.00	2.38%	$	
5/1/2024	$	9,650,000.00	2.38%	$	
1 1/1/2024	$	8,980,000.00	2.50%	$	
5/1/2025	$	8,980,000.00	2.50%	$	
11/1/2025	$	8,295,000.00	2.75%	$	
5/1/2026	$	8,295,000.00	2.75%	$	
11/1/2026	$	7,590,000.00	3.00%	$	
5/1/2027	$	7,590,000.00	3.00%	$	
1 1/1/2027	$	6,860,000.00	3.25%	$	
5/1/2028	$	6,860,000.00	3.25%	$	
11/1/2028	$	6, 1 05,000.00	3.50%	$	
5/1/2029	$	6,105,000.00	3.50%	$	
1 1/1/2029	$	5,325,000.00	3.50%	$	
5/1/2030	$	5,325,000.00	3.50%	$	
11 /1/2030	$	4,515,000.00	3.50%	$	
5/1/2031	$	4,515,000.00	3.50%	$	
11 /1/2031	$	3,675,000.00	3.50%	$	
5/1/2032	$	3,675,000.00	3.50%	$	
1 1/1/2032	$	2,805,000.00	3.63%	$	
5/1/2033	$	2,805,000.00	3.63%	$	
1 1/1/2033	$	1 ,905,000.00	3.63%	$	
5/1/2034	$	1, 905,000.00	3.63%	$	
11 /1/2034	$	970,000.00	3.63%	$	
5/1/2035	$	970,000.00	3.63%	$
  $		

$	195,012.50	$	195,012.50
600,000	$	195,012.50
$	189,012.50	$	984,025.00
615,000	$	189,012.50
$	1 82,862.50	$	986,875.00
625,000	$	182,862.50
$	176,612.50	$	984,475.00
640,000	$	176,612.50
$	169,812.50	$	986,425.00
655,000	$	169,812.50
$	162,034.38	$	986,846.88
670,000	$	1 62,034.38
$	1 53,659.38	$	985,693.76
685,000	$	1 53,659.38
$	144,240.63	$	982,900.01
705,000	$	144,240.63
$	133,665.63	$	982,906.26
730,000	$	133,665.63
$	121 ,803.13	$	985,468.76
755,000	$	121 ,803.13 
$	1 08,590.63	$	985,393.76
780,000	$	1 08,590.63
$	94,940.63	$	983,531.26
810,000	$	94,940.63
$	80,765.63	$	985,706.26
840,000	$	80,765.63
$	66,065.63	$	986,831 .26
870,000	$	66,065.63
$	50,840.63	$	986,906.26
900,000	$	50,840.63
$	34,528.13	$	985,368.76
935,000	$	34,528.13
$	17,581.25	$	987,109.38
970,000	$	17,581.25
 	      $	987,581.25 
Total	$  12,785,000.00	$	4, 164,056.36	$	16,949,056.36

**Revised 5/1/18

15 

South Village	Amortization Schedule
Community Development District	Series 2016 A1 , Revenue Bonds

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL
11/1/2018	$	3,055,000.00	3.75%	$	$	57,281.25	$	57,281.25
5/1/2019	$	3,055,000.00	3.75%	$	$	57,281.25
11/1/2019	$	3,055,000.00	3.75%	$	$	57,281.25	$	114,562.50
5/1/2020	$	3,055,000.00	3.75%	$	$	57,281.25
11/1/2020	$	3,055,000.00	3.75%	$	$	57,281.25	$	114,562.50
5/1/2021	$	3,055,000.00	3.75%	$	$	57,281.25
11/1/2021	$	3,055,000.00	3.75%	$	$	57,281.25	$	114,562.50
5/1/2022	$	3,055,000.00	3.75%	$	$	57,281.25
11/1/2022	$	3,055,000.00	3.75%	$	$	57,281.25	$	114,562.50
5/1/2023	$	3,055,000.00	3.75%	$	$	57,281.25
11/1/2023	$	3,055,000.00	3.75%	$	$	57,281.25	$	114,562.50
5/1/2024	$	3,055,000.00	3.75%	$	$	57,281.25
11/1/2024	$	3,055,000.00	3.75%	$	$	57,281.25	$	114,562.50
5/1/2025	$	3,055,000.00	3.75%	$	$	57,281.25
11/1/2025	$	3,055,000.00	3.75%	$	$	57,281.25	$	114,562.50
5/1/2026	$	3,055,000.00	3.75%	$	$	57,281.25
11/1/2026	$	3,055,000.00	3.75%	$	$	57,281.25	$	114,562.50
5/1/2027	$	3,055,000.00	3.75%	$	$	57,281.25
11/1/2027	$	3,055,000.00	3.75%	$	$	57,281.25	$	114,562.50
5/1/2028	$	3,055,000.00	3.75%	$	$	57,281.25
11/1/2028	$	3,055,000.00	3.75%	$	$	57,281.25	$	114,562.50
5/1/2029	$	3,055,000.00	3.75%	$	$	57,281.25
11/1/2029	$	3,055,000.00	3.75%	$	$	57,281.25	$	114,562.50
5/1/2030	$	3,055,000.00	3.75%	$	$	57,281.25
11/1/2030	$	3,055,000.00	3.75%	$	$	57,281.25	$	114,562.50
5/1/2031	$	3,055,000.00	3.75%	$	$	57,281.25
11/1/2031	$	3,055,000.00	3.75%	$	$	57,281.25	$	114,562.50
5/1/2032	$	3,055,000.00	3.75%	$	$	57,281.25
11/1/2032	$	3,055,000.00	3.75%	$	$	57,281.25	$	114,562.50
5/1/2033	$	3,055,000.00	3.75%	$	$	57,281.25
11/1/2033	$	3,055,000.00	3.75%	$	$	57,281.25	$	114,562.50
5/1/2034	$	3,055,000.00	3.75%	$	$	57,281.25
11/1/2034	$	3,055,000.00	3.75%	$	$	57,281.25	$	114,562.50
5/1/2035	$	3,055,000.00	3.75%	$	$	57,281.25
11/1/2035	$	3,055,000.00	3.75%	$	$	57,281.25	$	114,562.50
5/1/2036	$	3,055,000. 00	3.75%	$	980,000	$	57,281.25
11/1/2036	$	2,075,000.00	3.75%	$	$	38,906.25	$	1,076,187.50
5/1/2037	$	2,075,000.00	3.75%	$	1,020,000	$	38,906.25
11/1/2037	$	1,055,000.00	3.75%	$	$	19,781.25	$	1,078,687.50
5/1/2038	$	1,055,000.00	3.75%	$	1,055,000	$	19,781.25
  $		 	 $	1,074,781.25 
 	Total		 $	3,055,000.00	 $	2,179,500.00	$	5,234,500.00

16

South Village	Amortization Schedule
Community Development District	Series 2016 A2,   Refunding Bonds

 	DATE		 	BALANCE		 	RATE		 	PRINCIPAL		 	INTEREST	 	TOTAL	

11/1/2018	$	4,260,000.00	4.35%	$	$	99,624.38	$	99,624.38
5/1/2019	$	4,260,000.00	4.35%	$	170,000	$	99,624.38
11/1/2019	$	4,090,000.00	4.35%	$	$	95,926.88	$	365,551.26
5/1/2020	$	4,090,000.00	44..3355%%	$	180,000	$	95,926.88
11/1/2020	$	3,910,000.00	$	$	92,011.88	$	367,938.76
5/1/2021	$	3,910,000.00	4.35%	$	185,000	$	92,011.88
11/1/2021	$	3,725,000.00	4.35%	$	$	87,988.13	$	365,000.01

4.35%

5/1/2022	$	3,725,000.00	4.35%
11/1/2022	$	3,530,000.00

$	195,000	$	87,988.13
$	$	83,746.88	$	366,735.01

5/1/2023	$	3,530,000.00	4.35%	$	205,000	$	83,746.88
11/1/2023	$	3,325,000.00	4.35%	$	$	79,288.13	$	368,035.01
5/1/2024	$	3,325,000.00	4.35%	$	215,000	$	79,288.13
11/1/2024	$	3,110,000.00	4.35%	$	$	74,611.88	$	368,900.01
5/1/2025	$	3,110,000.00	4.35%	$	225,000	$	74,611.88
11/1/2025	$	2,885,000.00	4.35%	$	$	69,718.13	$	369,330.01
5/1/2026	$	2,885,000.00	4.35%	$	230,000	$	69,718.13
11/1/2026	$	2,655,000.00	4.35%	$	$	64,715.63	$	364,433.76
5/1/2027	$	2,655,000.00	4.88%	$	240,000	$	64,715.63
11/1/2027	$	2,415,000.00	4.88%	$	$	58,865.63	$	363,581.26

4.88%

5/1/2028	$	2,415,000.00	4.88%
11/1/2028	$	2,160,000.00

$	255,000	$	58,865.63
$	$	52,650.00	$	366,515.63

5/1/2029	$	2,160,000.00	4.88%	$	265,000	$	52,650.00
11/1/2029	$	1,895,000.00	4.88%	$	$	46,190.63	$	363,840.63
5/1/2030	$	1,895,000.00	4.88%	$	280,000	$	46,190.63
11/1/2030	$	1,615,000.00	4.88%	$	$	39,365.63	$	365,556.26
5/1/2031	$	1,615,000.00	4.88%	$	295,000	$	39,365.63

4.88%

11/1/2031	$	1,320,000.00	4.88%
5/1/2032	$	1,320,000.00

$
$	305,000

$	32,175.00	$	366,540.63
$	32,175.00

11/1/2032	$	1,015,000.00	4.88%	$	$	24,740.63	$	361,915.63
5/1/2033	$	1,015,000.00	4.88%	$	320,000	$	24,740.63
11/1/2033	$	695,000.00	4.88%	$	$	16,940.63	$	361,681.26
5/1/2034	$	695,000.00	4.88%	$	340,000	$	16,940.63
11/1/2034	$	355,000.00	4.88%	$	$	8,653.13	$	365,593.76
5/1/2035	$	355,000.00	4.88%	$	355,000	$	8,653.13
  $		 	 $	363,653.13 

 	Total		 $	4,260,000.00	 $	2,054,426.40       $	6,314,426.40 

"'Revised 5/1/18

17

South Village	Amortization Schedule
Community Development District	Series 2016 A2, Revenue Bonds
DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL
11/1/2018	$	835,000.00	5.00%	$	$	20,875.00	$	20,875.00
5/1/2019	$	835,000.00	5.00%	$	$	20,875.00
1 1/1/2019	$	835,000.00	5.00%	$	$	20,875.00	$	41 ,750.00
5/1/2020	$	835,000.00	5.00%	$	$	20,875.00
1 1/1/2020	$	835,000.00	5.00%	$	$	20,875.00	$	41 ,750.00
5/1/2021	$	835,000.00	5.00%	$	$	20,875.00
11/1/2021	$	835,000.00	5.00%	$	$	20,875.00	$	41 ,750.00
5/1/2022	$	835,000.00	5.00%	$	$	20,875.00
1 1/1/2022	$	835,000.00	5.00%	$	$	20,875.00	$	41 ,750.00
5/1/2023	$	835,000.00	5.00%	$	$	20,875.00
1 1/1/2023	$	835,000.00	5.00%	$	$	20,875.00	$	41 ,750.00
5/1/2024	$	835,000.00	5.00%	$	$	20,875.00
11 /1/2024	$	835,000.00	5.00%	$	$	20,875.00	$	41 ,750.00
5/1/2025	$	835,000.00	5.00%	$	$	20,875.00
11/1/2025	$	835,000.00	5.00%	$	$	20,875.00	$	41 ,750.00
5/1/2026	$	835,000.00	5.00%	$	$	20,875.00
1 1/1/2026	$	835,000.00	5.00%	$	$	20,875.00	$	41 ,750.00
5/1/2027	$	835,000.00	5.00%	$	$	20,875.00
1 1/1/2027	$	835,000.00	5.00%	$	$	20,875.00	$	41 ,750.00
5/1/2028	$	835,000.00	5.00%	$	$	20,875.00
11/1/2028	$	835,000.00	5.00%	$	$	20,875.00	$	41 ,750.00
5/1/2029	$	835,000.00	5.00%	$	$	20,875.00
1 1/1/2029	$	835,000.00	5.00%	$	$	20,875.00	$	41 ,750.00
5/1/2030	$	835,000.00	5.00%	$	$	20,875.00
11 /1/2030	$	835,000.00	5.00%	$	$	20,875.00	$	41 ,750.00
5/1/2031	$	835,000.00	5.00%	$	$	20,875.00
11/1/2031	$	835,000.00	5.00%	$	$	20,875.00	$	41 ,750.00
5/1/2032	$	835,000.00	5.00%	$	$	20,875.00
1 1/1/2032	$	835,000.00	5.00%	$	$	20,875.00	$	41 ,750.00
5/1/2033	$	835,000.00	5.00%	$	$	20,875.00
1 1/1/2033	$	835,000.00	5.00%	$	$	20,875.00	$	41 ,750.00
5/1/2034	$	835,000.00	5.00%	$	$	20,875.00
1 1/1/2034	$	835,000.00	5.00%	$	$	20,875.00	$	41 ,750.00	
5/1/2035	$	835,000.00	5.00%	$	$	20,875.00		
1 1/1/2035	$	835,000.00	5.00%	$	$	20,875.00	$	41 ,750.00
5/1/2036	$	835,000.00	5.00%	$	265,000	$	20,875.00
1 1/1/2036	$	570,000.00	5.00%	$	$	14,250.00	$	300, 1 25.00
5/1/2037	$	570,000.00	5.00%	$	280,000	$	14,250.00
11 /1/2037	$	290,000.00	5.00%	$	$	7,250.00	$	301 ,500.00
5/1/2038	$	290,000.00	5.00%	$	290,000	$	7,250.00
  $		 	 $	297,250.00 
 	Total		 $	835,000.00	 $	794,500.00     $	1 ,629,500.00 

18 

South Village
Community Development District

Debt Service Fund Series 2016 A3

Adopted	Actual
Budget	thru
Description	FY2018	4/30/2018

Revenues
'"	Carry Forward Surplus	$150,274	$204,423
Special Assessment	$396,452	$340,097
Direct Assessments	$0	$6,884
Prepayments	$0	$96,382
Interest Income	$0	$1,880
TOTAL REVENUES	$546,726	$649,666
Expenditures
Series 2016 A3 - Refunding Bonds
Interest - 11/1		$91,700	$91,700 Special Call - 11/1			$0	$55,000 Principal - 5/1	$105,000
Interest - 5/1	$91,700	$0

Projected
Next
5 Months

$0
$100,122
$0
$0
$325
$100,447

$105,000
$91,700

Total	Approved
Projected at	Budget
9/30/2018	FY2019

$204,423	$210,088
$440,219	$396,452
$6,884	$0
$96,382	$0
$2,205	$0
$750,113	$606,540

$91,700	$86,375
$55,000	$20,000
$105,000	$105,000
$91,700	$86,375

Special Call - 5/1

Series 2016 A3 - Revenue Bonds

$0	$85,000

$85,000	$0

Interest - 11/1	$56,500	$56,500
Interest - 5/1	$56,500	$0
TOTAL EXPENDITURES	$401,400	$203,200

EXCESS REVENUES/(EXPENDITURES)	$145,326	$446,466

Total  Debt Gross Per	Gross
Units     Unit Tax Roll	Assessment
Platted lots- Full Debt		197	$2,140.90	 	$421,757 Total Platted	197		 	$421,757	Net
Assessment
$396,452	
	$396,452	

"'	Carry Foiward is net of Reserve requirement

$0
$55,125
$336,825

($236,378)

$56,500	$55,125
$55,125	$55,125
$540,025	$408,000

$210,088	$198,540

Interest 11/1/2019:

A3 Refunding	$83,488
A3 Revenue	$55  125
$138,613

19

South Village
Community Development District

DATE
1 111/2018
511/2019
1111/2019

BALANCE
$	2,980,000.00
$	2,980,000.00
$	2,875,000.00

5/1/2022
1 1/112022
5/1/2023
1 1/1/2023
5/1/2024
1 1/1/2024
5/1/2025
1 1/1/2025
511/2026
1 111/2026
5/112027
1 111/2027
51112028
1 111/2028
51112029
1 111 /2029
511/2030
1111/2030
5/1/2031
11/1/2031
5/1/2032
1 1/1/2032
5/1/2033
1 1/1/2033
5/1/2034
1 1/1/2034
5/1/2035

$	2,640,000.00
$	2,51 5,000.00
$	2,51 5,000.00
$	2,380,000.00
$	2,380,000.00
$	2,240,000.00
$	2,240,000.00
$	2,090,000.00
$	2,090,000.00
$	1,935,000.00
$	1,935,000.00
$	1,770,000.00
$	1,770,000.00
$	1, 590,000.00
$	1,590,000.00
$	1 ,400,000.00
$	1 ,400,000.00
$	1,200,000.00
$	1 ,200,000.00
$	990,000.00
$	990,000.00
$	765,000.00
$	765,000.00
$	525,000.00
$	525,000.00
$	270,000.00
$	270,000.00

Total

 	RATE	 5.50%
5.50%

511/2020
11/1/2020	$	2,875,000.00
$	2,760,000.00	5.50%
5.50%	$
$	
5/1/2021
1 1/1/2021	$	2,760,000.00
$	2,640,000.00	5.50%
5.50%	$
$	

5.50%

Amortization Schedule
Series 2016 A3,  Refunding Bonds

 	PRINCIPAL	
$

 	INTEREST	 	TOTAL	

$	105,000
$
115,000
120,000
125,000
135,000
140,000
1 50,000
1 55,000
1 65,000

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

86,375.00
86,375.00
83,487.50
83,487.50
80,325.00
80,325.00
77,025.00
77,025.00
73,587.50
73,587.50
69,875.00
69,875.00
66,025.00
66,025.00
61 ,900.00
61 ,900.00
57,637.50
57,637.50
53,1 00.00
53,100.00
47,700.00
47,700.00
42,000.00
42,000.00
36,000.00
36,000.00
29,700.00
29,700.00
22,950.00
22,950.00
15,750.00
15,750.00
8,100.00
8,100.00

$

$

86,375.00
274,862.50

$

278,812.50

$

277,350.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

$

$

1 80,000
1 90,000
200,000
210,000
225,000
240,000
255,000
270,000

$

$

$

$

$

$

$

275,612.50
278,462.50
275,900.00
277,925.00
274,537.50
275,737.50
280,800.00
279,700.00
278,000.00

$

$

$

275,700.00
277,650.00
278,700.00

$

278,850.00

$

  $	
  $ 2,980,000.00

 	

  $	278,100.00

$

1,823,075.00

$

4,803,075.00

20

5.50%
5.50%
5.50%
5.50%
5.50%
5.50%
5.50%
5.50%
5.50%
5.50%
5.50%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%

**Revised 5/1/18

South Village	Amortization Sc hedule
Community Development District	Series 2016 A3, Revenue Bonds

 	DATE		 	BALANCE		 	RATE		 	PRINCIPAL		 	INTEREST	 	TOTAL	

11 /1/2018	$	2,205,000.00	5.00%	$	$	55,125.00	$	55,125.00

55,125.00	$	110,250.00	
55,125.00		
55,125.00	$	110,250.00	
55,125.00		
55,125.00	$	110,250.00	

5/1/2019	$	2,205,000.00	5.00%	$	$	55,1 25.00
11 /1/2019	$	2,205,000.00	5.00%	$	$
5/1/2020	$	2,205,000.00	5.00%	$	$
11/1/2020	$	2,205,000.00	5.00%	$	$
5/1/2021	$	2,205,000.00	5.00%	$	$
11/1/2021	$	2,205,000.00	5.00%	$	$

5/1/2022	$	2,205,000.00	5.00%	$	$	55,125.00
11/1/2022	$	2,205,000.00	5.00%	$	$	55,125.00	$	110,250.00
5/1/2023	$	2,205,000.00	5.00%	$	$	55,125.00
11/1/2023	$	2,205,000.00	5.00%	$	$	55,125.00	$	110,250.00
5/1/2024	$	2,205,000.00	5.00%	$	$	55,125.00
11/1/2024	$	2,205,000.00	5.00%	$	$	55,125.00	$	11 0,250.00
5/1/2025	$	2,205,000.00	5.00%	$	$	55,125.00
11/1/2025	$	2,205,000.00	5.00%	$	$	55,1 25.00	$	11 0,250.00
5/1/2026	$	2,205,000.00	5.00%	$	$	55,125.00
11 /1/2026	$	2,205,000.00	5.00%	$	$	55,125.00	$	11 0,250.00
5/1/2027	$	2,205,000.00	5.00%	$	$	55,125.00
11/1/2027	$	2,205,000.00	5.00%	$	$	55,125.00	$	11 0,250.00
5/1/2028	$	2,205,000.00	5.00%	$	$	55,125.00
1 1/1/2028	$	2,205,000.00	5.00%	$	$	55,125.00	$	11 0,250.00
5/1/2029	$	2,205,000.00	5.00%	$	$	55,125.00
1 1/1/2029	$	2,205,000.00	5.00%	$	$	55,125.00	$	11 0,250.00
5/1/2030	$	2,205,000.00	5.00%	$	$	55,125.00
11 /1 /2030	$	2,205,000.00	5.00%	$	$	55,125.00	$	11 0,250.00
5/1/2031	$	2,205,000.00	5.00%	$	$	55,125.00
11 /1/2031	$	2,205,000.00	5.00%	$	$	55,125.00	$	11 0,250.00
5/1/2032	$	2,205,000.00	5.00%	$	$	55,125.00
1 1/1/2032	$	2,205,000.00	5.00%	$	$	55,125.00	$	11 0,250.00
5/1/2033	$	2,205,000.00	5.00%	$	$	55,125.00
11 /1/2033	$	2,205,000.00	5.00%	$	$	55,125.00	$	110,250.00
5/1/2034	$	2,205,000.00	5.00%	$	$	55,125.00
11/1/2034	$	2,205,000.00	5.00%	$	$	55,125.00	$	110,250.00
5/1/2035	$	2,205,000.00	5.00%	$	$	55,125.00
11/1/2035	$	2,205,000.00	5.00%	$	$	55,125.00	$	110,250.00
5/1/2036	$	2,205,000.00	5.00%	$	155,000	$	55,125.00
11/1/2036	$	2,050,000.00	5.00%	$	$	51 ,250.00	$	261,375.00
5/1/2037	$	2,050,000.00	5.00%	$	160,000	$	51 ,250.00
11 /1 /2037	$	1,890,000.00	5.00%	$	$	47,250.00	$	258,500.00
5/1/2038	$	1,890,000.00	5.00%	$	1 70,000	$	47,250.00
11/1/2038	$	1,720,000.00	5.00%	$	$	43,000.00	$	260,250.00
5/1/2039	$	1,720,000.00	5.00%	$	1 80,000	$	43,000.00
1 1/1/2039	$	1 ,540,000.00	5.00%	$	$	38,500.00	$	261,500.00

$	33,750.00	$	262,250.00	
$	33,750.00		
$	28,875.00	$	257,625.00	
$	28,875.00		
$	23,625.00	$	262,500.00	

5/1/2040	$	1 ,540,000.00	5.00%	$	190,000	$	38,500.00
11/1/2040	$	1 ,350,000.00	5.00%	$
5/1/2041	$	1,350,000.00	5.00%	$	195,000
11 /1/2041	$	1,155,000.00	5.00%	$
5/1/2042	$	1,155,000.00	5.00%	$	21 0,000
11/1/2042	$	945,000.00	5.00%	$
5/1/2043	$	945,000.00	5.00%	$	220,000	$	23,625.00
1 1/1/2043	$	725,000.00	5.00%	$	$	18,125.00	$	261,750.00

12,375.00	$	260,500.00	
12,375.00		
6,375.00	$	258,750.00	
6,375.00	$	261,375.00	

5/1/2044	$	725,000.00	5.00%	$	230,000	$	18,125.00
11/1/2044	$	495,000.00	5.00%	$	$
5/1/2045	$	495,000.00	5.00%	$	240,000	$
1 1/1/2045	$	255,000.00	5.00%	$	$
5/1/2046	$	255,000.00	5.00%	$	255,000	$

 	Total		 $	2,205,000.00	 $	2,590,750.00       $	4,795,750.00 

21

South Village	Golf Course
COMMUNITY DEVELOPMENT DISTRICT

Guest Fees Acct Cart Fees
Tournament Revenue Dues Revenue Initiation Fees
Food & Beverage Sales Liquor Sales
Banquet Revenue Banquet Alcohol Tournament Food
Merchandise Sales-Pro Shop Driving Range Revenue Rental of Clubs Miscellaneous Income
TOTAL REVENUES COST OF GOODS SOLD:

Food

Liquor Merchandise

EXPENDITURES:

Personnel:

AFDYO2P0T1E8D
 	BUDGET	

$1,120,345
$46,516
$75,720
$210,005
$3,000
$357,460
$282,623
$92,493

APFPYR2O01V9ED
 	BUDGET

$1,120,345
$46,516
$75,720
$210,005
$3,000
$357,460
$282,623
$92,493

$120,178
$29,894
$3,627
$19,712
$2,361,573

$120,178
$29,894
$3,627
$19,712
$2,361,573

$153,800
$98,918
$84,125

$153,800
$98,918
$84,125

$267,823
$636,631
$6,343 ($2,172)
$84,834
$20,224
$63,762
$37,150

$267,823
$636,631
$6,343 ($2,172)
$84,834
$20,224
$63,762
$37,150

REVENUES:

TOTAL COGS	
$336,843	$336,843	
TOTAL NET REVENUES	

$2,024,730	$2,024,730	

Salaries
Hourly
Payroll Processing
Labor Recovery Payroll Taxes
Workers Compensation Benefits
other Personnel Cost

TOTAL PERSONNEL	 	$1,114,595	 	$1,114,595 

South Village	Golf Course
COMMUNITY DEVELOPMENT DISTRICT

APPROVED

ADOPTED

	 	BUDGET		 	BUDGET	
Golf Course Exll_enditures:			
Advertising	$44,000	$44,000	
Bank Charges	$7,088	$7,088	
Beverage Cart Lease	$2,261	$2,261	
Cable/Dish TV	$6,000	$6,000	
Chemicals	$79,914	$79,914	
China, Glass and Silverware	$1,500	$1,500	
Cleaning Supplies	$7,920	$7,920	
Contract Labor	$15,139	$15,139	
Course Accessories	$14,000	$14,000	
Credit Card Fees	$40,341	$40,341	
Discounts/Rebates	($16,752)	($16,752)	
Electricity	$40,090	$40,090	
Equipment Rental	$5,819	$5,819	
Fertilizer	$57,106	$57,106	
Gas & Oil	$21,300	$21,300	
Gas/Propane	$13,300	$13,300	
Golf Cart Lease	$68,971	$68,971	
Golf Cart Repairs	$6,000	$6,000	
Insurance - Property	$46,932	$46,932	
Janitorial & Pest Control	$3,585	$3,585	
Legal Fees	$13,656	$13,656	
Audit Fees			
License, Tax and Permit	$8,252	$8,252	
Linen Rentals	$12,200	$12,200	
Member promotions	$130,924	$130,924	
Office Supplies		$3,930	
Paper Supplies	$26,050	$26,050	
Personal Property Taxes	$8,940	$8,940	
Plant, Seed and Sod	$4,100	$4,100	
Postage & Delivery	$700	$700	
Pump Electricity	$24,357	$24,357	
R&M - Building/Grounds	$7,600	$7,600	
R&M - Equipment	$35,252	$35,252	
R&M - Irrigation	$8,550	$8,550	
Range Supplies	$8,400	$8,400	
Reservation Systems	$11,383	$11,383	
Score Cards	$2,400	$2,400	
Security	$612	$612	
Software Support/Maint.	$3,600	$3,600	
Telephone	$8,400	$8,400	
Top Dressing/Bunker Sand	$12,600	$12,600	
Trash Removal	$24,190	$24,190	
Travel	$6,600	$6,600	
Uniforms	$4,050	$4,050	

FY2018	FY2019

$3,930

South Village	Golf Course
COMMUNITY DEVELOPMENT DISTRICT

ADOPTED	APPROVED
FY2018	FY2019
 	BUDGET		 	BUDGET 

Management Fee - GC	$100,000	$100,000

NET INCOME

$17,887

$43,218

Management Fee - COD
Real Estate Taxes	$12,000	$1 2,000	
Equipment Lease	$81 ,088	$81,088	
Equipment Interest	$12,072	$12,072	
Water and Sewer	$24,821	$24,821	
Contingency	$66,000	$66,000	
TOTAL GOLF COURSE	

 	$1,127,241 	

 	$1,127,241 	
TOTAL EXPENDITURES	

 	$2,241,836 	

 	$2,241,836 	
OPERATING INCOME/(LOSS)	

 	($217,107) 	

 	($217,107) 	
Non Oe.erating Revenues/(Ex{l_endituresl:			
Special Assessments - Net Developer Contributions
Transfer In - Operating Capital/Deficit Capital Outlay/ Reserve	$	316,006

($81,013)	$ 341,338

($81,013)	
NON OPERATING REVENUES/(EXPENDITURES)	

  $	234,993 	

 	$ 260,325 	

Assessments - Net Collection Cost (6%)	$	298,119 
$	17,887	$    322,017
$	19,321	
Assessments - Gross	$	316,006	$ 341,338	
Assessable Units	1,235	1 ,334	
Assessments Per Unit - Gross	$256.80	$256,80	
Assessments Per Unit - NET	$241.39	$241.39	

South Village  Community Development District	Golf Course
FY2019	 	

 Description	

Revenues:
Guest Fees Acct  Cart Fees
Tournament Revenue Dues Revenue Initiation Fees
Food & Beverage Sales Liquor Sales
Banquet Revenue Banquet Alcohol Tournament Food
Merchandise Sales-Pro Shop Driving Range Revenue Rental of Clubs Miscellaneous Income

Cost of Goods Sold:
Food Liquor
Merchandise

Expenditures

Personnel: Salaries Hourly
Payroll Processing Labor Recovery Payroll Taxes
Workers Compensation Benefits
Other Personnel Cost

Golf Course: Advertising Bank Charges
Beverage Cart Lease Cable/Dish TV Chemicals
China, Glass and Silveiware Cleaning Supplies
Contract Labor Course Accessories Credit Card Fees Discounts/Rebates

Greens fees
Golf cart rental fees
Greens fees related to tournaments and events Golf member and Player's Club dues
Golf member initiation fees
Non-event food and beverage sales Non-event liquor sales
Event food and beverage sales Event liquor sales
Golf tournament related food and beverage sales Golf shop merchandise
Driving range sales Golf club rentals Miscellaneous Income

Cost of non-liquor food and beverage sold Cost of liquor sold
Cost of merchandise sold

Salaries related to all management staff Hourly payroll related to golf operations
Monthly fees related to the processing of payroll
Offset against payroll for revenue collected related to special event services State and federal payroll taxes
Workers compensation insurance Health, dental, vision, and other benefits
Performance related variable compensation

Print and digital advertising for all departments Charges for automatic drafts from EFT
Lease of on course beverage cart
Monthly charges for Comcast TV and wireless internet Turf related chemicals such as fungicides and herbicides Replacement china, glass, and silverware
General clubhouse related cleaning supplies Contract Service to Clean Clubhouse
On course items such as tee markers, flags, cups
Fees due to credit card company for processing of charges Discounts Received thru National Account Agreements from CGPM

Electricity Equipment Rental Fertilizer
Gas & Oil Gas/Propane Golf Cart Lease Golf Cart Repa irs
Insurance - Property Janitorial & Pest Con trol Legal Fees
Audit Fees
License, Tax and Permit Linen Rentals
Member promotions Office Supplies Paper Supplies
Personal Property Taxes Plant, Seed and Sod Postage & Delivery Pump Electricity
R&M - Building/Grounds R&M- Equipment
R&M- Irrigation Range Su ppl ies Rese1Vation Systems Score Cards
Security
Softwa re SupporVMaint. Telephone
Top Dressing/Bunker Sand Trash Removal
Travel Uniforms

Non-Operating: Management Fee - GC Real Estate Taxes Equipment Lease Equipment Interest Waterand Sewe r Contingency

Electricity for all areas except irriga tion pump station Se rvice agreement for copier including supplies Turf related fertilizers
Gasoline and oil purchase and disposal Natural gas a propane
Lease ofgolf carts from EZGO
Repair and maintenance rela ted to golf carts Property and casualty insurance for the prope rty Monthly pest con trol se rvices
Retainer for Add ison Law for management of licenses, pe rmits, and o ther legal matters Annual financial audit
Annual fees for operating licenses and permits
Rental costs for l inen and laundry rela ted to cloth napkins, table cloths, etc. Cost related to All Inclusive Golf promotion
General office supplies
Operational paper supplies such as paper towels, plates, napkins, toilet pape r, etc. Tax related to golf clubs personal property
Sod and seed re la ted to needed turf repair Delivery charges such as U SPS, UPS, and FEDEX Electricity to operate irriga tion pump
Repair and maintenance ofall buildings
Repair and maintenance of all equipment, primarily golfcourse maintenance equipment Repair and maintenance of golf course irrigation system
Driving range operating supplies
License cost of point of sale and rese rvation system Golf course scoreca rds
Clubhouse alarm system with the Access Limited Internet provider and all hardware
All te lephone hardware and service costs
Sand for bunkers maintenance and greens topdressing
Monthly charges trash bins atclubhouse and maintenance yard for disposa l Travel rela ted to site visits and board meetings
Uniforms related to all operations

Annual management fee to Arnold Palmer Golf/ Century Golf Annual real estate taxes related to the property
Lease ofgolf course main tenance equipment Irrigation and potable water expense