Amended Budget
Fiscal Year 2019

South Village Community Development District

March 5, 2019

South Village	General Fund

Adopted Budget	Actual
thru	Projected Next	Total
Projected at	Amended Budget	
Description	FY2018	7/31/18	2 Months	9/30/18	FY2019	
Revenues						
Maintenance Assessments· - Tax Collector	$606,205	$611,450	$0	$611,450	$740,954	
Maintenance Assessments - Direct	$1,267	$1,267	$0	$1,267	$1,267	
Misc. Income	$0	$1,332	$100	$1,432	$0	
Total Revenues	$607,472	$614,049	$100	$614,149	$742,221	

Expenditures						
Administrative						
Supervisors Fees	$13,000	$17,800	$2,000	$19,800	$13,000	
FICA Taxes	$1,000	$1,362	$153	$1,515	$1,000	
Engineering	$15,000	$11,128	$3,709	$14,837	$15,000	
Arbitrage	$1,200	$0	$1,800	$1,800	$1,800	
Dissemination Agent	$5,000	$4,167	$1,389	$5,556	$5,000	
Assessment Roll	$5,300	$5,260	$0	$5,260	$5,300	
Attorney	$35,000	$34,718	$11,573	$46,291	$35,000	
Annual Audit	$4,500	$0	$4,500	$4,500	$4,500	
Trustee	$15,000	$11,556	$12,102	$23,658	$15,000	
Management Fees	$45,000	$37,500	$12,500	$50,000	$45,000	
Computer Time	$1,000	$833	$278	$1,111	$1,000	
Telephone	$500	$683	$228	$911	$500	
Postage	$1,500	$1,395	$465	$1,860	$1,500	
Insurance	$7,200	$2,839	$0	$2,839	$7,200	
Printing & Binding	$3,300	$4,502	$1,501	$6,003	$3,300	
Legal Advertising	$1,000	$1,545	$515	$2,061	$1,000	
Other Current Charges	$1,200	$1,251	$250	$1,501	$1,200	
Office Supplies	$100	$58	$19	$77	$100	
Dues, Licenses, Subscriptions	$200	$175	$0	$175	$200	
Contingency	$500	$0	$500	$500	$572	
Sub-Total -Administrative Expenses	$156,500	$136,771	$53 481	$190,253	$157,172	
Community Appearance						
lnterlocal Agreement - MVCDD	$36,000	$35,893	$0	$35,893	$36,000	
Landscape - Contract	$123,600	$111,376	$50,329	$161,706	$155,518	
Landscape - Contingency	$30,000	$1,690	$5,000	$6,690	$30,000	
Personnel	$0	$0	$0	$0	$59,798	
Facility & Grounds Maintenance (Labor)	$31,200	$24,826	$12,413	$37,239	$0	
Landscape - Irrigation Repairs	$10,000	$4,297	$2,149	$6,446	$10,500	
Lake - Contract	$28,900	$17,334	$7,704	$25,038	$25,423	
Operations Management	$43,000	$34,155	$14,333	$48,488	$0	
Utilities	$105,000	$47,375	$33,839	$81,213	$95,000	
Miscellaneous - Direct Cost	$20,000	$5,868	$2,934	$8,802	$10,000	
Security	$23,200	$16,708	$8,354	$25,062	$23,200	
Sub-Total -Community Appearance	$450 900	$299,522	$137,055	$436,578	$445,439	
TOTAL EXPENDITURES	$607,400	$436,294	$190,536	$626,830	$602,611	
Other Sources/(Uses):						
lnterfund Transfer Out - Rec Fund	$0	$0	$0	$0	($88,320)	
lnterfund Transfer Out - Golf Fund	$0	$0	$0	$0	($51,290)	
TOTAL OTHER	 	$0	 	$0		$0	$0	($139,610)	

Community Development District

•

EXCESS REVENUES/(EXPENDITURES)	 	$72	$177,756		($190,436)	($12,681)	$0

*Intended for rpaintenance of all District Owned Facility & Common Areas

South Village
Community Development District

Platted Lots	FY2018	FY2019	

Assessments - Platted Lots	
1233	
1233	
Net-Assessment Rate	$1,010.50	$1,104.50	
Total Net Assessments - Tax Collector	$1,245,947	$1,361,849	
Gross Assessment (6% Discounts/Collections)	$1,325,475	$1,448,775	
Gross Assessment - Per Unit	$1,075	$1,175	
DFH Lots			
Assessments - Platted Lots	99	99	
Net-Assessment Rate	$70.41	$1,104.50	
Total Net Assessments - Tax Collector	$6,971	$109,346	
Gross Assessment (6% Discounts/Collections)	$7,415	$116,325	
Gross Assessment - Per Unit	$74.90	$1,175.00	

Allocation of On Roll Assessments:
Total Net Assessments - Tax Collector Platted	$1,361,849
Total Net Assessments - OFH Lots	$109346
Total Assessment - Tax Collector	$1,471,194	
General Fund	$740,954	
Recreation Fund	$730 240	
	$1,471,194	
iDirect Invoices		

FY2019	
Eagle Landing LP	13-04-24-005542-010-00	$1,267	
 	$1,267 

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 calculation prepared for the Series 2016A1/A2 and A3, Capital Improvement Refunding Bonds. The District will contract with an independent CPA firm to perform this calculation.

Dissemination Agent

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.

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 sup' plies.
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

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.

Personnel

Costs associated with management and maintenance of community appearance.

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	
Contingency	$	13,096.00
Total	$	70,000.00

Misc - Direct Costs

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	

Adopted
Budget FY2018

Actual
thru 7/31/2018

Projected Next
2 Months

Total Projected at 9/30/2018

Adopted Budget FY2019

REVENUES:

Maintenance Assessments	$115,902	$117,003	$0	$117,003	$250,416		
Interest Income	$0	$370	$0	$370	$0		
Carry Forward Surplus	$47,297	$410	$0	$410	$63,358		
TOTAL REVENUES	$163,199	$117,784	$0	$117,784	$313,774		

EXPENDITURES:									
Capital Outlay/Repair & Replacement		
$0		
$38,894	
$15,000	
$53,894		
$250,000	
Other Current Charges		$300		$399	$133	$532		$300	
TOTAL EXPENDITURES		$300		$39,293	$15,133	$54,426		$250,300	
ASSIGNED FUND BALANCE		$162,899		$78,491	($15,133)	$63,358		$63,474	
				IPlatted Lots		
FY2018		
FY2019I	
Assessments - Platted Lots	1233	1332
Net-Assessment Rate	$94.00		$188.00 Total Net Assessments - Tax Collecto   $115,902	$250,416

I

 Gross Assessment (6% Discount)	$123,300	$266,400 
J    Gross  Assessment  - Per Unit	$100.00	$200.00 

7

Community Development District

 	 	 	 	

Amended Budget
 	FY2018	

Actual thru
 	7/31/18	

Projected
Next
2 Months

Total Projected at
 	9/30/18	

Amended
Budget
 	FY2019	

Revenues:
Tennis:		
Guest Fees	$4,300	$3,284	$800	$4,084	$4,300	
Pro s'hop Merchandise	$12,000	$5,963	$1,000	$6,963	$12,000	
Fitness	$4,500	$2,907	$400	$3,307	$4,500	
Lessons & Clinics	$54,600	$38 014	$8,500	$46,514	$54,600	
Sub Total	$75,400	$50,168	$10,700	$60,868	$75,400	

Pools:
Guest	$4,700	$5,390	$1,410	$6,800	$4,700	
Swim Lessons	$6,300	$5,370	$530	$5,900	$6,300	
Rentals	$600	$0	$0	$0	$600	
Clubroom Rentals	$12,000	$18,047	$5,000	$23,047	$20,000	
Swim Team	$12,000	$11,116	$0	$11,116	$12,000	
Sub Total	$35,600	$39,923	$6,940	$46,863	$43,600	

Cafe:
Food	$52,100	$46,158	$14,000	$60,158	$55,000	
Merchandise	$9,000	$6,845	$1,600	$8,445	$9,000	
Wine	$1,000	$182	$220	$402	$1,000	
Liquor	$21,400	$16,410	$8,300	$24,710	$21,400	
Beer	$13,400	$6,295	$2,900	$9,195	$13,400	
Sundries	$370	$684	$0	$684	$370	
Sub Total	$97,270	$76,575	$27,020	$103,595	$100,170	

Kids:						
Facility Rentals	$300	$0	$300	$300	$300	
Summer Camp	$22,000	$14,200	$2,500	$16,700	$24,000	
Programs	$9,000	$14,601	$2,500	$17,101	$9,000	
Social Programs	$2,200	$3,577	$300	$3,877	$2,200	
Holiday Events	$0	$89	$500	$589	$0	
Sub Total	$33,500	$32,467	$6,100	$38,567	$35,500	

Maintenance Assessments	
$646,712	
$652,857	
$89,71.9	
$742,576	
$730,240	
Carry Forward Surplus	$58,049	$0	$0	$0	$0	
lnterfund Transfer In	$0	$0	$5,000	$5,000	$88,320	
Interest Income	$0	$148	$50	$198	$0	
Total Gross Revenues	$946,531	$852,137	$145,529	$997,666	$1,073,230	
Total Net Revenues	$946,531	$852,137	$145,529	$997,666	$1,073,230	

Amended	Actual	Projected	Total	Amended	
Budget
FY2018	thru
7/31/18	Next
2 Months	Projected at
9/30/18	Budget
FY2019	
Expenses:
Tennis:

Personnel	$222,616	$186,761	$35,855	$222,616	$222,616	
Payroll	$0	$0	$0	$0	$23,000	
Security	$300	$883	$500	$1,383	$300	
Cable	$2,400	$2,082	$318	$2,400	$2,400	
Electric	$36,500	$21,509	$14,991	$36,500	$36,500	
Repa_irs and Maintenance	$7,200	$11,722	$2,500	$14,222	$7,200	
Court Maint.	$10,000	$3,718	$6,282	$10,000	$10,000	
Waste Removal	$4,200	$4,986	$1,620	$6,606	$6,000	
Office Supplies	$1,000	$679	$321	$1,000	$1,000	
Paper & Cleaning	$3,000	$4,345	$250	$4,595	$3,700	
Recreational Supplies	$2,400	$1,854	$546	$2,400	$2,400	
Merchandise	$7,000	$1,657	$5,343	$7,000	$7,000	
Sub Total	$296,616	$240,195	$68,526	$308,722	$322,116	

Pool:

Personnel	$220,097	$168,244	$51,853	$220,097	$220,097	
Security	$300	$0	$300	$300	$300	
Electric	$43,600	$39,305	$4,295	$43,600	$43,600	
Water and Sewer	$5,100	$6,525	$2,175	$8,700	$8,400	
Gas	$7,900	$7,831	$69	$7,900	$7,900	
Repairs and Maint.	$6,000	$4,704	$1,296	$6,000	$6,000	
Pool Maintenance	$20,400	$13,541	$6,859	$20,400	$20,400	
Miscellaneous	$200	$0	$200	$200	$200	
First Aid/Safety	$400	$673	$0	$673	$400	
Employee Training	$200	$1,448	$250	$1,698	$200	
Swim Team	$4,000	$3,229	$771	$4,000	$4,000	
Office Supplies	$1,200	$1,067	$133	$1,200	$1,200	
Paper & Cleaning Supplies	$2,400	$2,659	$0	$2,659	$2,400	
Recreational Supplies	$900	$844	$56	$900	$900	
Pool Chemicals	$10,200	$11,926	$3,825	$15,751	$15,300	
Permits	$900	$875	$25	$900	$900	
Sub Total	$323,797	$262 869	$72,108	$334,978	$332,197	

Cafe:

Personnel	$37,913	$24,393	$13,520	$37,913	$37,913	
Telef)hone	$0	$3,729	$1,500	$5,229	$0	
Cable	$1,600	$1,395	$205	$1,600	$1,600	
Gas	$3,000	$1,762	$1,238	$3,000	$3,000	
Repairs & Maint.	$1,800	$3,556	$500	$4,056	$1,800	
Pest Control	$2,500	$1,638	$862	$2,500	$2,700	
Waste Removal	$4,400	$4,986	$1,620	$6,606	$6,000	
Miscellaneous Exp.	$0	$0	$0	$0	$0	
Paper & Cleaning Supplies	$4,500	$4,662	$1,000	$5,662	$4,500	
Food	$24,000	$28,959	$7,500	$36,459	$32,000	
Recreational Supplies	$1,600	$1,046	$554	$1,600	$1,600	
Merchandise	$3,400	$7,627	$1,500	$9,127	$3,400	
Beer	$6,700	$3,436	$1,500	$4,936	$6,700	
Liquor	$8,600	$8,536	$2,000	$10,536	$8,600	
Permits	$500	$273	$227	$500	$500	
Sub Total	$100,513	$95,997	$33,727	$129,724	$110,313	

Amended Budget	Actual
thru	Projected Next	Total
Projected at	Amended Budget	
 	FY2018		7/31118 		2 Months	9/30/18	FY2019    	
Administrative						
Management Fee (Honour Golf)	$0	$0	$0	$0	$48,000	
Personnel	$12,340	$17,250	$3,500	$20,750	$12,340	
Payroll	$0	$0	$0	$0	$65,320	
Accounting	$41,000	$20,000	$21,000	$41,000	$41,000	
Computers/IT	$5,000	$5,150	$500	$5,650	$5,000	
Telephone/Internet	$4,700	$2,938	$1,762	$4,700	$7,400	
Postage	$100	$0	$100	$100	$100	
Plinting	$3,400	$378	$3,022	$3,400	$3,400	
Miscellaneous	$4,900	$11,868	$3,956	$15,824	$12,000	
Credit Card Fees	$3,700	$5,308	$1,769	$7,077	$5,000	
Operating Supplies	$0	$0	$0	$0	$0	
Decorations	$0	$0	$0	$0	$0	
Pemiits	$1,000	$203	$797	$1,000	$1,000	
Insurance	$34,200	$25,082	$9,118	$34,200	$34,200	
Sub Total	$110,340	$88,177	$45,525	$133,701	$234,760	
Kids Club Programs:						
Personnel	$31,817	$26,857	$4,960	$31,817	$31,817	
EquiPment Rental	$600	$605	$0	$605	$600	
Repairs & Maintenance	$1,800	$2,343	$0	$2,343	$1,800	
Holiday Events	$7,500	$8,169	$600	$8,769	$7,500	
Summer Camp	$3,500	$1,644	$1,856	$3,500	$3,500	
Social Events	$3,500	$3,268	$232	$3,500	$3,500	
Sub Total	$48,717	$42,886	$7,648	$50,534	$48,717	

Lake House:
Electric	$700	$924	$308	$1,232	$1,100	
Repairs & Maintenance	$1,000	$3,140	$1,500	$4,640	$1,000	
Miscellaneous	 	$0	 	$0	$0	$0	$0	
Sub Total	$1,700	$4,064	$1,808	$5,872	$2,100	
Total Exp(lnses	 	$881,683	$734,188	$229,342	$963,531		$1,050,203

Excess Revenues/(Expenditures)	$64,848	$117,949	($83,813)	$34,135	$23,027

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 Grace 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.

EXPENDITURES:

Swim and Tennis Expenses

Tennis:
Salaries/Wages - 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:
Salaries/Wages - 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 State of FL DOH.

Cafe:

Salaries/Wages - Wages for Cafe/Store counter staff, cooks and Cabana Bar bartender & bar back.
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 - Management fees to Honours Golf
Salaries/Wages - 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.

South Village
Community Development District	Debt Service Fund
Series 2016 A1/A2

	Adopted Budget		Actual
thru		Projected
Next		Total
Projected at		Adopted Budget	
Description		FY2018		7/31/2018		2 Months		9/30/2018		FY2019   		
Revenues											
Carry Forward Surplus	$419,409	$430,773	$0	$430,773	$430,291		
Special Assessment - Tax Collector	$1,490,047	$1,504,205	$0	$1,504,205	$1,490,047		
Direct Invoices	$24,874	$24,874	$0	$24,874	$24,874		
Prepayments	$0	$44,728	$0	$44,728	$0		
Interest Income	$0	$12,373	$500	$12,873	$0		
TOTAL REVENUES	$1,934,330	$2,016,953	$500	$2,017,453	$1,945,212		

"'

Expenditures

Series 2016 A1 - Refunding Bonds

Interest - 11/1	$201,094	$201,094	$0	$201,094	$195,013	
Special Call - 11/1	$0	$10,000	$0	$10,000	$0	
Interest - 5/1	$201,094	$201,094	$0	$201,094	$195,013	
Principal - 5/1	$585,000	$585,000	$0	$585,000	$600,000	
Special Call - 5/1	$0	$15,000	$0	$15,000	$0	

Series 2016 A1 - Revenue Bonds						
Interest - 11/1	$57,469	$57,469	$0	$57,469	$57,281	
Interest - 5/1	$57,469	$57,281	$0	$57,281	$57,281	

Series 2016 A2 - Refunding Bonds						
Interest - 11/1	$104,175	$104,175	$0	$104,175	$99,624	
Special Call - 11/1	$0	$5,000	$0	$5,000	$0	
Interest - 5/1	$104,175	$104,175	$0	$104,175	$99,624	
Principal - 5/1	$165,000	$165,000	$0	$165,000	$170,000	
Special Call - 5/1	$0	$40,000	$0	$40,000	$0	

   Series 2016 A2 - Revenue Bonds							
Interest - 1111	$21,000	$21,000	$0	$21,000	$20,875	
Interest - 5/1	$21,000	$20,875	$0	$20,875	$20,875	
 	TOTAL EXPENDITURES		$1,517,475	$1,587,162	 	   $0	$1,587,162	$1,515,586	
EXCESS REVENUES/(EXPENDITURES)	$416,855	$429,791	$500	$430,291	$429,626	
Carry Forward is net of Reserve requirement						
				Interest 11/1/2019:		
				Ai Refunding	$189,013	
				Al Revenue	$57,281	
				A2 Refunding	$95,927	
				A2 Revenue	$20,875	
					$363,096	

'"

	Total	Debt Gross Per Unit Tax Roll	Gross Assessment	Net
Assessment		
	Units					

Platted Lots - Full Debt	
1072			
		$1,470.05	$1,575,894	$1,481,340	
Platted Lots - No 2005A Debt
Platted Lot- Partial	59
1	$146.87
$597.53	$8,665
 	$598		$8,145
$562		
Total Platted	1,132		$1,585,156	$1,490,047	

14

Community Development District	Series 2016 A1, Refunding Bonds

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
11/1/2018	$	12,785,000.00	2.00%	$	$	195,012.50	$	195,012.50	
5/1/2019	$	12,785,000.00	2.00%	$	600,000	$	195,012.50		
11/1/2019	$	12,185,000.00	2.00%	$	$	189,012.50	$	984,025.00	
5/1/2020	$	12,185,000.00	2.00%	$	615,000	$	189,012.50		
11/1/2020	$	11,570,000.00	2.00%	$	$	182,862.50	$	986,875.00	
5/1/2021	$	11,570,000.00	2.00%	$	625,000	$	182,862.50		
11/1/2021	$	10,945,000.00	2.00%	$	$	176,612.50	$	984,475.00	
5/1/2022	$	10,945,000.00	2.00%	$	640,000	$	176,612.50		
11/1/2022	$	10,305,000.00	2.13%	$	$	169,812.50	$	986,425.00	
5/1/2023	$	10,305,000.00	2.13%	$	655,000	$	169,812.50		
11/1/2023	$	9,650,000.00	2.38%	$	$	162,034.38	$	986,846.88	
5/1/2024	$	9,650,000.00	2.38%	$	670,000	$	162,034.38		
11/1/2024	$	8,980,000.00	2.50%	$	$	153,659.38	$	985,693.76	
5/1/2025	$	8,980,000.00	2.50%	$	685,000	$	153,659.38		
11/1/2025	$	8,295,000.00	2.75%	$	$	144,240.63	$	982,900.01	
5/1/2026	$	8,295,000.00	2.75%	$	705,000	$	144,240.63		
11/1/2026	$	7,590,000.00	3.00%	$	$	133,665.63	$	982,906.26	
5/1/2027	$	7,590,000.00	3.00%	$	730,000	$	133,665.63		
11/1/2027	$	6,860,000.00	3.25%	$	$	121,803.13	$	985,468.76	
5/1/2028	$	6,860,000.00	3.25%	$	755,000	$	121,803.13		
11/1/2028	$	6,105,000.00	3.50%	$	$	108,590.63	$	985,393.76	
5/1/2029	$	6,105,000.00	3.50%	$	780,000	$	108,590.63		
11/1/2029	$	5,325,000.00	3.50%	$	$	94,940.63	$	983,531.26	
5/1/2030	$	5,325,000.00	3.50%	$	810,000	$	94,940.63		
11/1/2030	$	4,515,000.00	3.50%	$	$	80,765.63	$	985,706.26	
5/1/2031	$	4,515,000.00	3.50%	$	840,000	$	80,765.63		
11/1/2031	$	3,675,000.00	3.50%	$	$	66,065.63	$	986,831.26	
5/1/2032	$	3,675,000.00	3.50%	$	870,000	$	66,065.63		
11/1/2032	$	2,805,000.00	3.63%	$	$	50,840.63	$	986,906.26	
5/1/2033	$	2,805,000.00	3.63%	$	900,000	$	50,840.63		
11/1/2033	$	1,905,000.00	3.63%	$	$	34,528.13	$	985,368.76	
5/1/2034	$	1,905,000.00	3.63%	$	935,000	$	34,528.13		
11/1/2034	$	970,000.00	3.63%	$	$	17,581.25	$	987,109.38	
5/1/2035	$	970,000.00	3.63%	$	970,000
$	$	17,581.25	
$	987,581.25	
 	Total				$ 12,785,000.00	$	4,164,056.36	$	16,949,056.36	

uRevised 5/1/18						
			15			

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

Community Development District	Series 2016 A21 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	4.35%	$	180,000	$	95,926.88		
11/1/2020	$	3,910,000.00	4.35%	$	$	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	
5/1/2022	$	3,725,000.00	4.35%	$	195,000	$	87,988.13		
11/1/2022	$	3,530,000.00	4.35%	$	$	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	
5/1/2028	$	2,415,000.00	4.88%	$	255,000	$	58,865.63		
11/1/2028	$	2,160,000.00	4.88%	$	$	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		
11/1/2031	$	1,320,000.00	4.88%	$	$	32,175.00	$	366,540.63	
5/1/2032	$	1,320,000.00	4.88%	$	305,000	$	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			

Community Development District	Series 2016 A21 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		
11/1/2019	$	835,000.00	5.00%	$	$	20,875.00	$	41,750.00	
5/1/2020	$	835,000.00	5.00%	$	$	20,875.00		
11/1/2020	$	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		
11/1/2022	$	835,000.00	5.00%	$	$	20,875.00	$	41,750.00	
5/1/2023	$	835,000.00	5.00%	$	$	20,875.00		
11/1/2023	$	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		
11/1/2026	$	835,000.00	5.00%	$	$	20,875.00	$	41,750.00	
5/1/2027	$	835,000.00	5.00%	$	$	20,875.00		
11/1/2027	$	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		
11/1/2029	$	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		
11/1/2032	$	835,000.00	5.00%	$	$	20,875.00	$	41,750.00	
5/1/2033	$	835,000.00	5.00%	$	$	20,875.00		
11/1/2033	$	835,000.00	5.00%	$	$	20,875.00	$	41,750.00	
5/1/2034	$	835,000.00	5.00%	$	$	20,875.00		
11/1/2034	$	835,000.00	5.00%	$	$	20,875.00	$	41,750.00	
5/1/2035	$	835,000.00	5.00%	$	$	20,875.00		
11/1/2035	$	835,000.00	5.00%	$	$	20,875.00	$	41,750.00	
5/1/2036	$	835,000.00	5.00%	$	265,000	$	20,875.00		
11/1/2036	$	570,000.00	5.00%	$	$	14,250.00	$	300,125.00	
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	

South Village
Community Development District	Debt Service Fund
Series 2016 A3

										
	Adopted		Actual		Projected		Total		Adopted	

Description		Budget
FY2018		thru
7/31/2018		Next
2 Months		Projected at
9/30/2018		Budget
FY2019   		
Revenues											
Carry Forward Surplus	$150,274	$204,423	$0	$204,423	$315,957		
Special Assessment	$396,452	$400,219	$0	$400,219	$396,452		
Prepayments	$0	$247,839	$0	$247,839	$0		
Interest Income	$0	$3,176	$325	$3,501	$0		
TOTAL REVENUES	$546,726	$855,657	$325	$855,982	$712,409		
Expenditures

Series 2016 A3 - Refunding Bonds
lnterest-11/1	$91,700	

$91,700	

$0	

$91,700	

$86,375		
Special Call - 11/1	$0	$55,000	$0	$55,000	$20,000		
Principal - 5/1	$105,000	$91,700	$0	$91,700	$105,000		
Interest - 5/1	$91,700	$105,000	$0	$105,000	$86,375		
Special Call - 5/1	$0	$85,000	$0	$85,000	$0		
Series 2016 A3 - Revenue Bonds
Interest - 11/1	$56,500	
$56,500	
$0	
$56,500	
$55,125		
Interest - 5/1	$56,500	$55,125	$0	$55,125	$55,125		
 	TOTAL EXPENDITURES		$401,400	$540,025	 	$0 	$540,025	$408,000		
EXCESS REVENUES/(EXPENDITURES)	$145,326	$315,632	$325	$315,957	$304,409		

"'

  

Total
Units	Debt Gross Per	Gross	Net
Unit Tax Roll	Assessment	Assessment	

Platted Lots- Full Debt	197	$2,140.90
Total Platted	197	
$421,757	$396,452	
	$421,757	$396,452	

'"	Carry Foiward is net of Reserve requirement

Interest 11/1/2019:

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

South Village	Amortization Schedule
Community Development District	Series 2016 A3,  Refunding Bonds

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
11/1/2018	$	2,980,000.00	5.50%	$	$	86,375.00	$	86,375.00	
5/1/2019	$	2,980,000.00	5.50%	$	105,000	$	86,375.00		
11/1/2019	$	2,875,000.00	5.50%	$	$	83,487.50	$	274,862.50	
5/1/2020	$	2,875,000.00	5.50%	$	115,000	$	83,487.50		
11/1/2020	$	2,760,000.00	5.50%	$	$	80,325.00	$	278,812.50	
5/1/2021	$	2,760,000.00	5.50%	$	120,000	$	80,325.00		
11/1/2021	$	2,640,000.00	5.50%	$	$	77,025.00	$	277,350.00	
5/1/2022	$	2,640,000.00	5.50%	$	125,000	$	77,025.00		
11/1/2022	$	2,515,000.00	5.50%	$	$	73,587.50	$	275,612.50	
5/1/2023	$	2,515,000.00	5.50%	$	135,000	$	73,587.50		
11/1/2023	$	2,380,000.00	5.50%	$	$	69,875.00	$	278,462.50	
5/1/2024	$	2,380,000.00	5.50%	$	140,000	$	69,875.00		
11/1/2024	$	2,240,000.00	5.50%	$	$	66,025.00	$	275,900.00	
5/1/2025	$	2,240,000.00	5.50%	$	150,000	$	66,025.00		
11/1/2025	$	2,090,000.00	5.50%	$	$	61,900.00	$	277,925.00	
5/1/2026	$	2,090,000.00	5.50%	$	155,000	$	61,900.00		
11/1/2026	$	1,935,000.00	5.50%	$	$	57,637.50	$	274,537.50	
5/1/2027	$	1,935,000.00	5.50%	$	165,000	$	57,637.50		
11/1/2027	$	1,770,000.00	6.00%	$	$	53,100.00	$	275,737.50	
5/1/2028	$	1,770,000.00	6.00%	$	180,000	$	53,100.00		
11/1/2028	$	1,590,000.00	6.00%	$	$	47,700.00	$	280,800.00	
5/1/2029	$	1,590,000.00	6.00%	$	190,000	$	47,700.00		
11/1/2029	$	1,400,000.00	6.00%	$	$	42,000.00	$	279,700.00	
5/1/2030	$	1,400,000.00	6.00%	$	200,000	$	42,000.00		
11/1/2030	$	1,200,000.00	6.00%	$	$	36,000.00	$	278,000.00	
5/1/2031	$	1,200,000.00	6.00%	$	210,000	$	36,000.00		
11/1/2031	$	990,000.00	6.00%	$	$	29,700.00	$	275,700.00	
5/1/2032	$	990,000.00	6.00%	$	225,000	$	29,700.00		
11/1/2032	$	765,000.00	6.00%	$	$	22,950.00	$	277,650.00	
5/1/2033	$	765,000.00	6.00%	$	240,000	$	22,950.00		
11/1/2033	$	525,000.00	6.00%	$	$	15,750.00	$	278,700.00	
5/1/2034	$	525,000.00	6.00%	$	255,000	$	15,750.00		
11/1/2034	$	270,000.00	6.00%	$	$	8,100.00	$	278,850.00	
5/1/2035	$	270,000.00	6.00%	$	270,000
$	$	8,100.00	
$	278,100.00	
 	Total				$	2,980,000.00	$	1,823,075.00	$	4,803,075.00	

**Revised 5/1/18						
			20			

South Village	Amortization Schedule

1

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	
5/1/2019	$	2,205,000.00	5.00%	$	$	55,125.00		
11/1/2019	$	2,205,000.00	5.00%	$	$	55,125.00	$	110,250.00	
5/1/2020	$	2,205,000.00	5.00%	$	$	55,125.00		
11/1/2020	$	2,205,000.00	5.00%	$	$	55,125.00	$	110,250.00	
5/1/2021	$	2,205,000.00	5.00%	$	$	55,125.00		
11/1/2021	$	2,205,000.00	5.00%	$	$	55,125.00	$	110,250.00	
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	$	110,250.00	
5/1/2025	$	2,205,000.00	5.00%	$	$	55,125.00		
11/1/2025	$	2,205,000.00	5.00%	$	$	55,125.00	$	110,250.00	
5/1/2026	$	2,205,000.00	5.00%	$	$	55,125.00		
11/1/2026	$	2,205,000.00	5.00%	$	$	55,125.00	$	110,250.00	
5/1/2027	$	2,205,000.00	5.00%	$	$	55,125.00		
11/1/2027	$	2,205,000.00	5.00%	$	$	55,125.00	$	110,250.00	
5/1/2028	$	2,205,000.00	5.00%	$	$	55,125.00		
11/1/2028	$	2,205,000.00	5.00%	$	$	55,125.00	$	110,250.00	
5/1/2029	$	2,205,000.00	5.00%	$	$	55,125.00		
11/1/2029	$	2,205,000.00	5.00%	$	$	55,125.00	$	110,250.00	
5/1/2030	$	2,205,000.00	5.00%	$	$	55,125.00		
11/1/2030	$	2,205,000.00	5.00%	$	$	55,125.00	$	110,250.00	
5/1/2031	$	2,205,000.00	5.00%	$	$	55,125.00		
11/1/2031	$	2,205,000.00	5.00%	$	$	55,125.00	$	110,250.00	
5/1/2032	$	2,205,000.00	5.00%	$	$	55,125.00		
11/1/2032	$	2,205,000.00	5.00%	$	$	55,125.00	$	110,250.00	
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%	$	170,000	$	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%	$	180,000	$	43,000.00		
11/1/2039	$	1,540,000.00	5.00%	$	$	38,500.00	$	261,500.00	
5/1/2040	$	1,540,000.00	5.00%	$	190,000	$	38,500.00		
11/1/2040	$	1,350,000.00	5.00%	$	$	33,750.00	$	262,250.00	
5/1/2041	$	1,350,000.00	5.00%	$	195,000	$	33,750.00		
11/1/2041	$	1,155,000.00	5.00%	$	$	28,875.00	$	257,625.00	
5/1/2042	$	1,155,000.00	5.00%	$	210,000	$	28,875.00		
11/1/2042	$	945,000.00	5.00%	$	$	23,625.00	$	262,500.00	
5/1/2043	$	945,000.00	5.00%	$	220,000	$	23,625.00		
11/1/2043	$	725,000.00	5.00%	$	$	18,125.00	$	261,750.00	
5/1/2044	$	725,000.00	5.00%	$	230,000	$	18,125.00		
11/1/2044	$	495,000.00	5.00%	$	$	12,375.00	$	260,500.00	
5/1/2045	$	495,000.00	5.00%	$	240,000	$	12,375.00		
11/1/2045	$	255,000.00	5.00%	$	$	6,375.00	$	258,750.00	
5/1/2046	$	255,000.00	5.00%	$	255,000	$	6,375.00	$	261,375.00	

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

21

Community Development District

	Adopted	Approved	Changes
Budget	Budget	as of	Amended Budget	
	FY2018	FY2019	8/7/18	FY2019	
Revenues:			
Guest Fees	$1,120,345	$1,120,345	$0	$1,120,345	
Acct Cart Fees	$46,516	$46,516	$0	$46,516	
Tournament Revenue	$75,720	$75,720	$0	$75,720	
Dues	$210,005	$210,005	$0	$210,005	
Initiation Fees	$3,000	$3,000	$0	$3,000	
Food & Beverage Sales	$357,460	$357,460	$0	$357,460	
Liquor Sales	$282,623	$282,623	$0	$282,623	
Banquet Revenue	$92,493	$92,493	$0	$92,493	
Merchandise Sales - Pro Shop	$120,178	$120,178	$0	$120,178	
Driving Range Revenue	$29,894	$29,894	$0	$29,894	
Club Rentals	$3,627	$3,627	$0	$3,627	
Misc Income	 	$19,712	$19,712	$0	 	$19,712	
Sub Total	$2,361,573	$2,361,573	$0	$2,361,573	

Cost of Goods Sold:			
Food.	$153,800	$153,800	$0	$153,800	
Liquor	$98,918	$98,918	$0	$98,918	
Merchandise	 	$84,125	$84,125	$0	 	$84,125	
Sub Total	$336,843	$336,843	 	$0	$336 843	
Total Net Revenues	    $2,024,730	$2,024,730	$0	$2,024,730	
Expenses:			
Personnel			
Salaries	$267,823	$267,823	$0	$319,113	
Hourly	$636,631	$636,631	$0	$636,631	
Payroll Processing	$6,343	$6,343	$0	$6,343	
Labor Recovery	$2,172	$2:172	$0	$2,172	
Payroll Taxes	$84,834	$84,834	$0	$84,834	
Workers Compensation	$20,224	$20,224	$0	$20,224	
Benefits	$63,762	$63,762	$0	$63,762	
Other Personnel Cost	 	$37,150	$37,150	$0	 	$37,150	
Total Personnel Expenses	$1,114,595	$1,114,595	 	$0	$1,165,885	
Golf Course			
Advertising	$44,000	$44,000	$0	$44,000	
Bank Charges	$7,088	$7,088	$0	$7,088	
Beve age Cart Lease	$2,261	$2,261	$0	$2,261	
CablB/Satelite TV	$6,000	$6,000	$0	$6,000	
Chemicals	$79,914	$79,914	$0	$79,914	
China,Glass Silverware	$1,500	$1,500	$0	$1,500	
Cleaning Supplies	$7,920	$7,920	$0	$7,920	
Contract Labor	$15,139	$15,139	$0	$15,139	
Course Assessories	$14,000	$14,000	$0	$14,000	
Credit Card Fees	$40,341	$40,341	$0	$40,341	
Discounts/Rebates	($16,752)	($16,752)	$0	($16,752)	
Electric	$40,090	$40,090	$0	$40,090	
Equipment Rental	$5,819	$5,819	$0	$5,819	
FeritHzer	$57,106	$57,106	$0	$57,106	

Community Development	District				Continued	
		Adopted	Approved	Changes	Amended	
		Budget	Budget	as of	Budget	
		FY2018	FY2019	8/7/18	FY2019	
Golf Course (Continued)						
Gas& Oil		$21,300	$21,300	$0	$21,300	
Gas Propane		$13,300	$13,300	$0	$13,300	
Golf Cart Lease		$68,971	$68,971	$0	$68,971	
Golf Cart Repairs		$6,000	$6,000	$0	$6,000	
lnsur8.nce - Property		$46,932	$46,932	$0	$46,932	
Janitorial & Pest Control		$3,585	$3,585	$0	$3,585	
LegafFees		$13,656	$13,656	$0	$13,656	
License, Tax and Pem,its		$8,252	$8,252	$0	$8,252	
Linen Rentals		$12,200	$12,200	$0	$12,200	
Member Promotions		$130,924	$130,924	$0	$130,924	
Office Supplies		$3,930	$3,930	$0	$3,930	
Paper Supplies		$26,050	$26,050	$0	$26,050	
Persdnal Property Taxes		$8,940	$8,940	$0	$8,940	
Plant,Seed & Sod		$4,100	$4,100	$0	$4,100	
Postage & Delivery		$700	$700	$0	$700	
Pump Electric		$24,357	$24,357	$0	$24,357	
R&M - Building/Grounds		$7,600	$7,600	$0	$7,600	
R&M: Equipment		$35,252	$35,252	$0	$35,252	
R&M .- Irrigation		$8,550	$8,550	$0	$8,550	
Range Supplies		$8,400	$8,400	$0	$8,400	
Reservation Systems		$11,383	$11,383	$0	$11,383	
Score Cards		$2,400	$2,400	$0	$2,400	
Security		$612	$612	$0	$612	
Software Support/Maint.		$3,600	$3,600	$0	$3,600	
Telephone		$8,400	$8,400	$0	$8,400	
Top Dressing/Bunker Sand		$12,600	$12,600	$0	$12,600	
Trash Removal		$24,190	$24,190	$0	$24,190	
Travel		$6,600	$6,600	$0	$6,600	
UnifoITTls		$4,050	$4,050	$0	$4,050	
Management Fee		$100,000	$100,000	$20,000	$120,000	
Real Estate Taxes		$12,000	$12,000	$2,800	$14,800	
Equipment Lease		$81,088	$81,088	$9,032	$90,120	
Equipment Interest		$12,072	$12,072	$452	$12,524	
Water & Sewer		$24,821	$24,821	$0	$24,821	
Contingency	 	$66,000	$66,000	$0	 	$66,000
Total Golf Expenses	 $1,127,241	$1,127,241	$75,603	$1,159,525	
Total Expenses	$2,241,836	$2,241,836	 	$0	$2,325,410	
Excess Revenues/(Expenditures)	 	(217,106)		(217,106)	 		$0	(300,680)	
Non Ogerating Revenues/(Exgendituresl:					
Special Assessments (Net)	$298,119	$298,119	$0	$321,531	
Capital Reserve Contributions	($81,013)	($81,013)	$0	($72,141)	
lnterfund Transfer In	 	$0	 	$0	$0	$51,290 
Total Non°Operating Revenues/Expenditures:	 	$217,106	$217,106	$0	$300,680	

NET INCOME	$0	$0	$0	$0

Assessable Units	1235
Per Unit Assessment (I	$241.39
$298,117	1332
$241.39
$321,531	

South Village Community Development District
FY2019

Golf Course

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

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

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 Silverware Cleaning Supplies
Contract Labor

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

Course Accessories Credit Card Fees Discounts/Rebates Electricity Equipment Rental Fertilizer
Gas& Oil Gas/Propane Golf Cart Lease Golf Cart Repairs
Insurance - Property Janitorial & Pest Control 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 Supplies Reservation Systems Score Cards
Security
Software Support/Main!. Telephone
Top Dressing/Bunker Sand Trash Removal
Travel Uniforms

Non Operating: Management Fee - GC Real Estate Taxes Equipment Lease Equipment Interest Water and Sewer Contingency

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 Electricity for all areas except irrigation pump station Service agreement for copier including supplies
Turf related fertilizers
Gasoline and oil purchase and disposal Natural gas a propane
Lease of golf carts from EZGO
Repair and maintenance related to golf carts Property and casualty insurance for the property Monthly pest control services
Retainer for Addison Law for management of licenses, permits, and other legal matters Annual financial audit
Annual fees for operating licenses and permits
Rental costs for linen and laundry related 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 paper, etc. Tax related to golf clubs personal property
Sod and  seed related to needed turf repair Delivery charges such as USPS, UPS, and FEDEX Electricity to operate irrigation pump
Repair and maintenance of all buildings
Repair and maintenance of all equipment, primarily golf course maintenance equipment Repair and maintenance of golf course irrigation system
Driving range operating supplies
License cost of point of sale and reservation system
Golf course scorecards
Clubhouse alarm system with the Access Limited Internet provider and all hardware
All telephone hardware and service costs
Sand for bunkers maintenance and greens topdressing
Monthly charges trash bins at clubhouse and maintenance yard for disposal Travel related to site visits and board meetings
Uniforms related to all operations

Annual management fee to  Honours  Golf Annual real estate taxes related to the property Lease of golf course maintenance equipment

Irrigation and potable water expense