Adopted Budget
Fiscal Year 2021

South Village Community Development District

August 4, 2020

South Village	General Fund
Community Development District

	Amended Budget		Actual thru		Projected Next		Total Projected at		Adopted Budget	
 	Description		 	FY2020			 	6/30/20			 	3 Months			 	9/30/20			 	FY2021		
Revenues										
Maintenance Assessments - Tax Collector	$691,517		$702,520		$0		$702,520		$698,384	
Maintenance Assessments - Direct	$7,250		$7,250		$0		$7,250		$2,262	
Interest Income	$0		$4,641		$900		$5,541		$5,000	
Misc. Income - Boundary Amendment	$0		$10,545		$0		$10,545		$0	
Total Revenues	 	$698,767 		 	$724,956 		 	$900 		 	$725,856 		 	$705,646 	

Expenditures										
Administrative										
Supervisors Fees	$18,000		$7,000		$3,000		$10,000		$14,000	
FICA Taxes	$1,377		$536		$230		$766		$1,071	
Engineering	$15,000		$4,375		$2,188		$6,563		$15,000	
Arbitrage	$1,800		$0		$1,800		$1,800		$1,800	
Dissemination Agent	$8,500		$6,375		$2,125		$8,500		$8,500	
Assessment Roll	$5,300		$5,300		$0		$5,300		$5,300	
Attorney	$40,000		$23,597		$11,799		$35,396		$40,000	
Annual Audit	$7,000		$0		$7,000		$7,000		$7,000	
Trustee	$15,000		$4,041		$12,102		$16,143		$17,000	
Management Fees	$49,000		$36,750		$12,250		$49,000		$52,000	
Computer Time	$1,000		$750		$250		$1,000		$1,000	
Telephone	$500		$641		$214		$855		$1,000	
Postage	$1,500		$885		$295		$1,180		$1,500	
Insurance	$7,200		$7,200		$0		$7,200		$7,200	
Printing & Binding	$3,300		$914		$305		$1,219		$2,000	
Legal Advertising	$5,000		$1,695		$1,500		$3,195		$4,000	
Other Current Charges	$1,200		$2,106		$702		$2,808		$3,000	
Office Supplies	$100		$25		$8		$33		$100	
Dues, Licenses, Subscriptions	$200		$175		$0		$175		$175	
Contingency	$572		$0		$500		$500		$500	
Sub-Total - Administrative Expenses	 	$181,549 		 	$102,364 		 	$56,266 		 	$158,630 		 	$182,146 	
Community Appearance										
Interlocal Agreement - MVCDD	$36,000		$28,466		$0		$28,466		$36,000	
Landscape Maintenance	$155,518		$116,261		$38,754		$155,015		$178,000	
Landscape - Contingency	$30,000		$7,182		$15,000		$22,182		$30,000	
Facility & Grounds Maintenance (Labor)	$21,640		$0		$21,640		$21,640		$22,000	
Landscape - Irrigation Repairs	$10,500		$1,505		$502		$2,007		$10,500	
Lake - Contract	$30,000		$21,585		$7,195		$28,780		$35,000	
Utilities	$95,000		$60,389		$26,840		$87,229		$95,000	
Phase 5&6 Maintenance	$75,000		$10,233		$50,000		$60,233		$75,000	
Miscellaneous - Direct Cost	$10,000		$9,078		$3,026		$12,104		$15,000	
Security	$23,200		$19,365		$6,455		$25,820		$27,000	
Sub-Total - Community Appearance	 	$486,858 		 	$274,064 		 	$169,411 		 	$443,475 		 	$523,500 	
TOTAL EXPENDITURES	$668,407		$376,428		$225,677		$602,105		$705,646	

Other Sources/(Uses):										
Interfund Transfer Out - Rec Fund	($15,180)		($15,180)		$0		($15,180)		$0	
Interfund Transfer Out - Golf Fund	($15,180)		($15,180)		$0		($15,180)		$0	
TOTAL OTHER	($30,360)		($30,360)		$0		($30,360)		$0	
										
EXCESS REVENUES/(EXPENDITURES)	$0		$318,168		($224,777)		$93,391		$0	

1								

South Village
Community Development District

Platted Lots	FY 2020	FY 2021	

Assessments - Platted Lots	
1332	
1494	
Net-Assessment Rate	$1,104.50	$1,104.50	
Total Net Assessments - Tax Collector	$1,471,194	$1,650,123	
Gross Assessment (6% Discounts/Collections)	$1,565,100	$1,755,450	
Gross Assessment - Per Unit	$1,175	$1,175	

Allocation of On Roll Assessments:
Total Net Assessments - Tax Collector Platted	$1,650,123

Total Assessment - Tax Collector	$1,650,123	
General Fund	$698,384	
Recreation Fund	$951,739	
	$1,650,123	

Direct Invoices	FY 2021

Cottages Parcel	$2,262

$2,262

2

REVENUES:

South Village
Community Development District
GENERAL FUND BUDGET

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.

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
Interlocal Agreement – Middle Village CDD

The District has entered into an agreement with Middle Village CDD 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 $12,582.34 per month, or $150,988.08 annually.

Facility & Grounds Maintenance

Represents contracted amount paid to HonoursGolf for a fulltime 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.

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 $2,166 per month, or $25,992 annually. Amount budgeted includes a 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	$	1,586	$ 19,032	
592937-7	3935-2 Eagle Landing/St Lights	$	150	$	1,800	
647443-1	4045-2 Eagle Crossing Drive	$	60	$	750	
Contingency	 		$	5,000	 Total	$ 26,582
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	$	415	$	4,980	
00213119	3988-1 Eagle Landing Parkway	$	126	$	1,512	
00215602	3968-1 Eagle Landing Parkway	$	162	$	1,944	
00220803	3973 Eagle Landing Parkway	$	110	$	1,320	
00222067	3989 Eagle Landing Parkway	$	108	$	1,296	
00229064	3979-2 Eagle Landing Parkway	$	708	$	8,496	
00230632	3965-1 Eagle Landing Parkway	$	1,381	$	16,572	
00230638	3965-2 Eagle Landing Parkway	$	69	$	828	
00230640	3965-3 Eagle Landing Parkway	$	52	$	624	
00230641	3975 Eagle Landing Parkway	$	117	$	1,404	
00230642	3979 Eagle Landing Parkway	$	272	$	3,264	
00235500	4108-1 Eagle Landing Parkway Irr	$	197	$	2,364	
00233750	1433-1 Eagle Landing Parkway	$	68	$	816	
00502768	2180 Club Lake Drive Reclaimed Irr	$	357	$	4,284	
00502779	2319 Club Lake Drive Reclaimed Irr	$	31	$	372	
00556739	1294 Autumn Pines Drive	$	35	$	420	
	Contingency		$	7,922	
	Total	$	4,208	$	58,418	

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	Debt Service Fund
Series 2016 A1/A2

	Adopted
Budget		Actual
thru		Projected
Next		Total
Projected at		Adopted
Budget	
 Description			FY2020		6/30/20		3 Months		9/30/20		FY2021	

Revenues											
Carry Forward Surplus		$419,182		$416,367		$0		$416,367		$431,923	
Special Assessment - Tax Collector		$1,490,047		$1,491,104		$0		$1,491,104		$1,481,507	
Direct Invoices		$24,874		$24,874		$0		$24,874		$24,874	
Prepayments		$0		$33,625		$0		$33,625		$0	
Interest Income		$0		$11,059		$2,000		$13,059		$5,000	
TOTAL REVENUES		$1,934,103		$1,977,029		$2,000		$1,979,029		$1,943,304	

(1)

Expenditures

Series 2016 A1 - Refunding Bonds
Interest - 11/1	$187,803	$187,803	$0	$187,803	$181,169	
Special Call - 11/1	$0	$10,000	$0	$10,000	$0	
Interest - 5/1	$187,803	$187,622	$0	$187,622	$181,169	
Principal - 5/1	$610,000	$610,000	$0	$610,000	$620,000	
Special Call - 5/1	$0	$20,000	$0	$20,000	$0	

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

Series 2016 A2 - Refunding Bonds
Interest - 11/1	$95,245	$95,245	$0	$95,245	$91,439	
Special Call - 11/1	$0	$5,000	$0	$5,000	$0	
Interest - 5/1	$95,245	$95,123	$0	$95,123	$91,439	
Principal - 5/1	$175,000	$175,000	$0	$175,000	$185,000	
Special Call - 5/1	$0	$5,000	$0	$5,000	$0	

Series 2016 A2 - Revenue Bonds						
Interest - 11/1		$20,875		$20,875		$0		$20,875		$20,875	
Interest - 5/1		$20,875		$20,875		$0		$20,875		$20,875	
TOTAL EXPENDITURES		$1,507,409		$1,547,106		$0		$1,547,106		$1,506,528	

EXCESS REVENUES/(EXPENDITURES)	$426,694	$429,923	$2,000	$431,923	$436,777
 	 	 	 	 	
(1) Carry Forward is net of Reserve requirement

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

Interest 11/1/2021:

A1 Refunding	$174,969
A1 Revenue	$57,281
A2 Refunding	$87,184
A2 Revenue	$20,875
$340,309

7

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

 	DATE 		 	BALANCE			 	RATE			
 	PRINCIPAL		 	INTEREST			 	TOTAL		
11/1/20		$	11,465,000.00		2.00%		$	-	$ 181,168.75		$	181,168.75	
5/1/21		$	11,465,000.00		2.00%		$	620,000	$ 181,168.75			
11/1/21		$	10,845,000.00		2.00%		$	-	$ 174,968.75		$	976,137.50	
5/1/22		$	10,845,000.00		2.00%		$	635,000	$ 174,968.75			
11/1/22		$	10,210,000.00		2.13%		$	-	$ 168,221.88		$	978,190.63	
5/1/23		$	10,210,000.00		2.13%		$	650,000	$ 168,221.88			
11/1/23		$	9,560,000.00		2.38%		$	-	$ 160,503.13		$	978,725.01	
5/1/24		$	9,560,000.00		2.38%		$	665,000	$ 160,503.13			
11/1/24		$	8,895,000.00		2.50%		$	-	$ 152,190.63		$	977,693.76	
5/1/25		$	8,895,000.00		2.50%		$	680,000	$ 152,190.63			
11/1/25		$	8,215,000.00		2.75%		$	-	$ 142,840.63		$	975,031.26	
5/1/26		$	8,215,000.00		2.75%		$	700,000	$ 142,840.63			
11/1/26		$	7,515,000.00		3.00%		$	-	$ 132,340.63		$	975,181.26	
5/1/27		$	7,515,000.00		3.00%		$	725,000	$ 132,340.63			
11/1/27		$	6,790,000.00		3.25%		$	-	$ 120,559.38		$	977,900.01	
5/1/28		$	6,790,000.00		3.25%		$	750,000	$ 120,559.38			
11/1/28		$	6,040,000.00		3.50%		$	-	$ 107,434.38		$	977,993.76	
5/1/29		$	6,040,000.00		3.50%		$	775,000	$ 107,434.38			
11/1/29		$	5,265,000.00		3.50%		$	-	$	93,871.88		$	976,306.26	
5/1/30		$	5,265,000.00		3.50%		$	800,000	$	93,871.88			
11/1/30		$	4,465,000.00		3.50%		$	-	$	79,871.88		$	973,743.76	
5/1/31		$	4,465,000.00		3.50%		$	830,000	$	79,871.88			
11/1/31		$	3,635,000.00		3.50%		$	-	$	65,346.88		$	975,218.76	
5/1/32		$	3,635,000.00		3.50%		$	860,000	$	65,346.88			
11/1/32		$	2,775,000.00		3.63%		$	-	$	50,296.88		$	975,643.76	
5/1/33		$	2,775,000.00		3.63%		$	890,000	$	50,296.88			
11/1/33		$	1,885,000.00		3.63%		$	-	$	34,165.63		$	974,462.51	
5/1/34		$	1,885,000.00		3.63%		$	925,000	$	34,165.63			
11/1/34		$	960,000.00		3.63%		$	-	$	17,400.00		$	976,565.63	
5/1/35		$	960,000.00		3.63%		$	960,000	$	17,400.00
  $	-		 			
  $	977,400.00 	
 	Total							  $  11,465,000.00	 $ 3,362,362.62 		  $	14,827,362.62 	

**Revised 3/24/20									

8

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

 	DATE 		 	BALANCE			 	RATE			
 	PRINCIPAL		 	INTEREST			 	TOTAL		
11/1/20		$	3,055,000.00		3.75%		$	-	$	57,281.25		$	57,281.25	
5/1/21		$	3,055,000.00		3.75%		$	-	$	57,281.25			
11/1/21		$	3,055,000.00		3.75%		$	-	$	57,281.25		$	114,562.50	
5/1/22		$	3,055,000.00		3.75%		$	-	$	57,281.25			
11/1/22		$	3,055,000.00		3.75%		$	-	$	57,281.25		$	114,562.50	
5/1/23		$	3,055,000.00		3.75%		$	-	$	57,281.25			
11/1/23		$	3,055,000.00		3.75%		$	-	$	57,281.25		$	114,562.50	
5/1/24		$	3,055,000.00		3.75%		$	-	$	57,281.25			
11/1/24		$	3,055,000.00		3.75%		$	-	$	57,281.25		$	114,562.50	
5/1/25		$	3,055,000.00		3.75%		$	-	$	57,281.25			
11/1/25		$	3,055,000.00		3.75%		$	-	$	57,281.25		$	114,562.50	
5/1/26		$	3,055,000.00		3.75%		$	-	$	57,281.25			
11/1/26		$	3,055,000.00		3.75%		$	-	$	57,281.25		$	114,562.50	
5/1/27		$	3,055,000.00		3.75%		$	-	$	57,281.25			
11/1/27		$	3,055,000.00		3.75%		$	-	$	57,281.25		$	114,562.50	
5/1/28		$	3,055,000.00		3.75%		$	-	$	57,281.25			
11/1/28		$	3,055,000.00		3.75%		$	-	$	57,281.25		$	114,562.50	
5/1/29		$	3,055,000.00		3.75%		$	-	$	57,281.25			
11/1/29		$	3,055,000.00		3.75%		$	-	$	57,281.25		$	114,562.50	
5/1/30		$	3,055,000.00		3.75%		$	-	$	57,281.25			
11/1/30		$	3,055,000.00		3.75%		$	-	$	57,281.25		$	114,562.50	
5/1/31		$	3,055,000.00		3.75%		$	-	$	57,281.25			
11/1/31		$	3,055,000.00		3.75%		$	-	$	57,281.25		$	114,562.50	
5/1/32		$	3,055,000.00		3.75%		$	-	$	57,281.25			
11/1/32		$	3,055,000.00		3.75%		$	-	$	57,281.25		$	114,562.50	
5/1/33		$	3,055,000.00		3.75%		$	-	$	57,281.25			
11/1/33		$	3,055,000.00		3.75%		$	-	$	57,281.25		$	114,562.50	
5/1/34		$	3,055,000.00		3.75%		$	-	$	57,281.25			
11/1/34		$	3,055,000.00		3.75%		$	-	$	57,281.25		$	114,562.50	
5/1/35		$	3,055,000.00		3.75%		$	-	$	57,281.25			
11/1/35		$	3,055,000.00		3.75%		$	-	$	57,281.25		$	114,562.50	
5/1/36		$	3,055,000.00		3.75%		$	980,000	$	57,281.25			
11/1/36		$	2,075,000.00		3.75%		$	-	$	38,906.25		$	1,076,187.50	
5/1/37		$	2,075,000.00		3.75%		$	1,020,000	$	38,906.25			
11/1/37		$	1,055,000.00		3.75%		$	-	$	19,781.25		$	1,078,687.50	
5/1/38		$	1,055,000.00		3.75%		$	1,055,000	$	19,781.25			
						  $	-		 			  $	1,074,781.25 	
 	Total							  $   3,055,000.00	 $	1,950,375.00 		  $	5,005,375.00 	

9

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

 	DATE 		 	BALANCE			 	RATE			
 	PRINCIPAL		 	INTEREST			 	TOTAL		
11/1/20		$ 3,885,000.00		4.35%		$	-	$	91,208.13		$	91,208.13	
5/1/21		$ 3,880,000.00		4.35%		$	185,000	$	91,208.13			
11/1/21		$ 3,695,000.00		4.35%		$	-	$	87,184.38		$	363,392.51	
5/1/22		$ 3,695,000.00		4.35%		$	190,000	$	87,184.38			
11/1/22		$ 3,505,000.00		4.35%		$	-	$	83,051.88		$	360,236.26	
5/1/23		$ 3,505,000.00		4.35%		$	200,000	$	83,051.88			
11/1/23		$ 3,305,000.00		4.35%		$	-	$	78,701.88		$	361,753.76	
5/1/24		$ 3,305,000.00		4.35%		$	210,000	$	78,701.88			
11/1/24		$ 3,095,000.00		4.35%		$	-	$	74,134.38		$	362,836.26	
5/1/25		$ 3,095,000.00		4.35%		$	220,000	$	74,134.38			
11/1/25		$ 2,875,000.00		4.35%		$	-	$	69,349.38		$	363,483.76	
5/1/26		$ 2,875,000.00		4.35%		$	230,000	$	69,349.38			
11/1/26		$ 2,645,000.00		4.35%		$	-	$	64,346.88		$	363,696.26	
5/1/27		$ 2,645,000.00		4.88%		$	240,000	$	64,346.88			
11/1/27		$ 2,405,000.00		4.88%		$	-	$	58,496.88		$	362,843.76	
5/1/28		$ 2,405,000.00		4.88%		$	250,000	$	58,496.88			
11/1/28		$ 2,155,000.00		4.88%		$	-	$	52,403.13		$	360,900.01	
5/1/29		$ 2,155,000.00		4.88%		$	265,000	$	52,403.13			
11/1/29		$ 1,890,000.00		4.88%		$	-	$	45,943.75		$	363,346.88	
5/1/30		$ 1,890,000.00		4.88%		$	280,000	$	45,943.75			
11/1/30		$ 1,610,000.00		4.88%		$	-	$	39,118.75		$	365,062.50	
5/1/31		$ 1,610,000.00		4.88%		$	290,000	$	39,118.75			
11/1/31		$ 1,320,000.00		4.88%		$	-	$	32,050.00		$	361,168.75	
5/1/32		$ 1,320,000.00		4.88%		$	305,000	$	32,050.00			
11/1/32		$ 1,015,000.00		4.88%		$	-	$	24,615.63		$	361,665.63	
5/1/33		$ 1,015,000.00		4.88%		$	320,000	$	24,615.63			
11/1/33		$	695,000.00		4.88%		$	-	$	16,815.63		$	361,431.26	
5/1/34		$	695,000.00		4.88%		$	340,000	$	16,815.63			
11/1/34		$	355,000.00		4.88%		$	-	$	8,528.13		$	365,343.76	
5/1/35		$	355,000.00		4.88%		$	355,000	$	8,528.13
  $	-		 			
  $	363,528.13 	
 	Total							  $  3,880,000.00	 $ 1,651,897.62 		  $	5,531,897.62 	

**Revised 3/24/20									

10

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

 	DATE 		 	BALANCE			 	RATE			
     PRINCIPAL		 	INTEREST			 	TOTAL		
11/1/20		$ 835,000.00		5.00%		$	-	$	20,875.00		$	20,875.00	
5/1/21		$ 835,000.00		5.00%		$	-	$	20,875.00			
11/1/21		$ 835,000.00		5.00%		$	-	$	20,875.00		$	41,750.00	
5/1/22		$ 835,000.00		5.00%		$	-	$	20,875.00			
11/1/22		$ 835,000.00		5.00%		$	-	$	20,875.00		$	41,750.00	
5/1/23		$ 835,000.00		5.00%		$	-	$	20,875.00			
11/1/23		$ 835,000.00		5.00%		$	-	$	20,875.00		$	41,750.00	
5/1/24		$ 835,000.00		5.00%		$	-	$	20,875.00			
11/1/24		$ 835,000.00		5.00%		$	-	$	20,875.00		$	41,750.00	
5/1/25		$ 835,000.00		5.00%		$	-	$	20,875.00			
11/1/25		$ 835,000.00		5.00%		$	-	$	20,875.00		$	41,750.00	
5/1/26		$ 835,000.00		5.00%		$	-	$	20,875.00			
11/1/26		$ 835,000.00		5.00%		$	-	$	20,875.00		$	41,750.00	
5/1/27		$ 835,000.00		5.00%		$	-	$	20,875.00			
11/1/27		$ 835,000.00		5.00%		$	-	$	20,875.00		$	41,750.00	
5/1/28		$ 835,000.00		5.00%		$	-	$	20,875.00			
11/1/28		$ 835,000.00		5.00%		$	-	$	20,875.00		$	41,750.00	
5/1/29		$ 835,000.00		5.00%		$	-	$	20,875.00			
11/1/29		$ 835,000.00		5.00%		$	-	$	20,875.00		$	41,750.00	
5/1/30		$ 835,000.00		5.00%		$	-	$	20,875.00			
11/1/30		$ 835,000.00		5.00%		$	-	$	20,875.00		$	41,750.00	
5/1/31		$ 835,000.00		5.00%		$	-	$	20,875.00			
11/1/31		$ 835,000.00		5.00%		$	-	$	20,875.00		$	41,750.00	
5/1/32		$ 835,000.00		5.00%		$	-	$	20,875.00			
11/1/32		$ 835,000.00		5.00%		$	-	$	20,875.00		$	41,750.00	
5/1/33		$ 835,000.00		5.00%		$	-	$	20,875.00			
11/1/33		$ 835,000.00		5.00%		$	-	$	20,875.00		$	41,750.00	
5/1/34		$ 835,000.00		5.00%		$	-	$	20,875.00			
11/1/34		$ 835,000.00		5.00%		$	-	$	20,875.00		$	41,750.00	
5/1/35		$ 835,000.00		5.00%		$	-	$	20,875.00			
11/1/35		$ 835,000.00		5.00%		$	-	$	20,750.00		$	41,625.00	
5/1/36		$ 835,000.00		5.00%		$	265,000	$	20,750.00			
11/1/36		$ 570,000.00		5.00%		$	-	$	14,125.00		$	299,875.00	
5/1/37		$ 570,000.00		5.00%		$	275,000	$	14,125.00			
11/1/37		$ 295,000.00		5.00%		$	-	$	7,250.00		$	296,375.00	
5/1/38		$ 295,000.00		5.00%		$	290,000	$	7,250.00			
						  $	-		 			  $	297,250.00 	
 	Total							  $  830,000.00	 $	710,500.00 		  $	1,540,500.00 	

11

South Village
Community Development District	Debt Service Fund
Series 2016 A3

	Adopted
Budget		Actual
thru		Projected
Next		Total
Projected at		Adopted
Budget	
 Description			FY2020		6/30/20		3 Months		9/30/20		FY2021	

Revenues											
Carry Forward Surplus	$184,535		$234,766		$0		$234,766		$152,064	
Special Assessment	$352,610		$354,895		$0		$354,895		$352,610	
Prepayments	$0		$102,515		$0		$102,515		$0	
Interest Income	$0		$2,863		$200		$3,063		$0	
TOTAL REVENUES	$537,145		$695,039		$200		$695,239		$504,674	

(1)

(1)

Expenditures

Series 2016 A3 - Refunding Bonds

Interest - 11/1	$76,650	$74,913	$0	$74,913	$66,050	
Special Call - 11/1	$0	$100,000	$0	$100,000	$0	
Interest - 2/1	$0	$644	$0	$644	$0	
Special Call - 2/1	$0	$45,000	$0	$45,000	$0	
Principal - 5/1	$105,000	$95,000	$0	$95,000	$100,000	
Interest - 5/1	$76,650	$70,713	$0	$70,713	$66,050	
Special Call - 5/1	$0	$35,000	$0	$35,000	$0	
Interest - 8/1	$0	$0	$206	$206	$0	
Special Call - 8/1	$0	$0	$15,000	$15,000	$0	

Series 2016 A3 - Revenue Bonds						
Interest - 11/1		$53,350		$53,350		$0		$53,350	$53,350	
Interest - 5/1		$53,350		$53,350		$0		$53,350	$53,350	
TOTAL EXPENDITURES		$365,000		$527,969		$15,206		$543,175	$338,800	
										
EXCESS REVENUES/(EXPENDITURES)		$172,145		$167,070		($15,006)		$152,064	$165,874	

Carry Forward is net of Reserve requirement										
								Interest 11/1/2021:		
								A3 Refunding	$63,300	
								A3 Revenue	$53,350	
									$116,650	

12

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

 	DATE			 	BALANCE			 	RATE			
 	PRINCIPAL		 	INTEREST			 	TOTAL		
11/1/20		$	2,300,000.00		5.50%		$	-	$	66,050.00		$	66,050.00	
5/1/21		$	2,300,000.00		5.50%		$	100,000	$	66,050.00			
11/1/21		$	2,200,000.00		5.50%		$	-	$	63,300.00		$	229,350.00	
5/1/22		$	2,200,000.00		5.50%		$	105,000	$	63,300.00			
11/1/22		$	2,095,000.00		5.50%		$	-	$	60,412.50		$	228,712.50	
5/1/23		$	2,095,000.00		5.50%		$	110,000	$	60,412.50			
11/1/23		$	1,985,000.00		5.50%		$	-	$	57,387.50		$	227,800.00	
5/1/24		$	1,985,000.00		5.50%		$	115,000	$	57,387.50			
11/1/24		$	1,870,000.00		5.50%		$	-	$	54,225.00		$	226,612.50	
5/1/25		$	1,870,000.00		5.50%		$	125,000	$	54,225.00			
11/1/25		$	1,745,000.00		5.50%		$	-	$	50,787.50		$	230,012.50	
5/1/26		$	1,745,000.00		5.50%		$	130,000	$	50,787.50			
11/1/26		$	1,615,000.00		5.50%		$	-	$	47,212.50		$	228,000.00	
5/1/27		$	1,615,000.00		5.50%		$	135,000	$	47,212.50			
11/1/27		$	1,480,000.00		6.00%		$	-	$	43,500.00		$	225,712.50	
5/1/28		$	1,480,000.00		6.00%		$	145,000	$	43,500.00			
11/1/28		$	1,335,000.00		6.00%		$	-	$	39,150.00		$	227,650.00	
5/1/29		$	1,335,000.00		6.00%		$	155,000	$	39,150.00			
11/1/29		$	1,180,000.00		6.00%		$	-	$	34,500.00		$	228,650.00	
5/1/30		$	1,180,000.00		6.00%		$	165,000	$	34,500.00			
11/1/30		$	1,015,000.00		6.00%		$	-	$	29,550.00		$	229,050.00	
5/1/31		$	1,015,000.00		6.00%		$	175,000	$	29,550.00			
11/1/31		$	840,000.00		6.00%		$	-	$	24,300.00		$	228,850.00	
5/1/32		$	840,000.00		6.00%		$	185,000	$	24,300.00			
11/1/32		$	655,000.00		6.00%		$	-	$	18,750.00		$	228,050.00	
5/1/33		$	655,000.00		6.00%		$	195,000	$	18,750.00			
11/1/33		$	460,000.00		6.00%		$	-	$	12,900.00		$	226,650.00	
5/1/34		$	460,000.00		6.00%		$	210,000	$	12,900.00			
11/1/34		$	250,000.00		6.00%		$	-	$	6,600.00		$	229,500.00	
5/1/35		$	250,000.00		6.00%		$	220,000	$	6,600.00			
						$	-		$	226,600.00	
Total						
$  2,270,000.00	$	1,217,250.00		$ 3,487,250.00	

**Revised 6/25/20

13

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

 	DATE			 	BALANCE			 	RATE			
 	PRINCIPAL		 	INTEREST			 	TOTAL		
11/1/20		$	2,140,000.00		5.00%		$	-	$	53,500.00		$	53,500.00	
5/1/21		$	2,140,000.00		5.00%		$	-	$	53,500.00			
11/1/21		$	2,140,000.00		5.00%		$	-	$	53,500.00		$	107,000.00	
5/1/22		$	2,140,000.00		5.00%		$	-	$	53,500.00			
11/1/22		$	2,140,000.00		5.00%		$	-	$	53,500.00		$	107,000.00	
5/1/23		$	2,140,000.00		5.00%		$	-	$	53,500.00			
11/1/23		$	2,140,000.00		5.00%		$	-	$	53,500.00		$	107,000.00	
5/1/24		$	2,140,000.00		5.00%		$	-	$	53,500.00			
11/1/24		$	2,140,000.00		5.00%		$	-	$	53,500.00		$	107,000.00	
5/1/25		$	2,140,000.00		5.00%		$	-	$	53,500.00			
11/1/25		$	2,140,000.00		5.00%		$	-	$	53,500.00		$	107,000.00	
5/1/26		$	2,140,000.00		5.00%		$	-	$	53,500.00			
11/1/26		$	2,140,000.00		5.00%		$	-	$	53,500.00		$	107,000.00	
5/1/27		$	2,140,000.00		5.00%		$	-	$	53,500.00			
11/1/27		$	2,140,000.00		5.00%		$	-	$	53,500.00		$	107,000.00	
5/1/28		$	2,140,000.00		5.00%		$	-	$	53,500.00			
11/1/28		$	2,140,000.00		5.00%		$	-	$	53,500.00		$	107,000.00	
5/1/29		$	2,140,000.00		5.00%		$	-	$	53,500.00			
11/1/29		$	2,140,000.00		5.00%		$	-	$	53,500.00		$	107,000.00	
5/1/30		$	2,140,000.00		5.00%		$	-	$	53,500.00			
11/1/30		$	2,140,000.00		5.00%		$	-	$	53,500.00		$	107,000.00	
5/1/31		$	2,140,000.00		5.00%		$	-	$	53,500.00			
11/1/31		$	2,140,000.00		5.00%		$	-	$	53,500.00		$	107,000.00	
5/1/32		$	2,140,000.00		5.00%		$	-	$	53,500.00			
11/1/32		$	2,140,000.00		5.00%		$	-	$	53,500.00		$	107,000.00	
5/1/33		$	2,140,000.00		5.00%		$	-	$	53,500.00			
11/1/33		$	2,140,000.00		5.00%		$	-	$	53,500.00		$	107,000.00	
5/1/34		$	2,140,000.00		5.00%		$	-	$	53,500.00			
11/1/34		$	2,140,000.00		5.00%		$	-	$	53,500.00		$	107,000.00	
5/1/35		$	2,140,000.00		5.00%		$	-	$	53,500.00			
11/1/35		$	2,140,000.00		5.00%		$	-	$	53,500.00		$	107,000.00	
5/1/36		$	2,140,000.00		5.00%		$	150,000	$	53,500.00			
11/1/36		$	1,990,000.00		5.00%		$	-	$	49,750.00		$	253,250.00	
5/1/37		$	1,990,000.00		5.00%		$	160,000	$	49,750.00			
11/1/37		$	1,830,000.00		5.00%		$	-	$	45,750.00		$	255,500.00	
5/1/38		$	1,830,000.00		5.00%		$	165,000	$	45,750.00			
11/1/38		$	1,665,000.00		5.00%		$	-	$	41,625.00		$	252,375.00	
5/1/39		$	1,665,000.00		5.00%		$	175,000	$	41,625.00			
11/1/39		$	1,490,000.00		5.00%		$	-	$	37,250.00		$	253,875.00	
5/1/40		$	1,490,000.00		5.00%		$	185,000	$	37,250.00			
11/1/40		$	1,305,000.00		5.00%		$	-	$	32,625.00		$	254,875.00	
5/1/41		$	1,305,000.00		5.00%		$	190,000	$	32,625.00			
11/1/41		$	1,115,000.00		5.00%		$	-	$	27,875.00		$	250,500.00	
5/1/42		$	1,115,000.00		5.00%		$	200,000	$	27,875.00			
11/1/42		$	915,000.00		5.00%		$	-	$	22,875.00		$	250,750.00	
5/1/43		$	915,000.00		5.00%		$	210,000	$	22,875.00			
11/1/43		$	705,000.00		5.00%		$	-	$	17,625.00		$	250,500.00	
5/1/44		$	705,000.00		5.00%		$	225,000	$	17,625.00			
11/1/44		$	480,000.00		5.00%		$	-	$	12,000.00		$	254,625.00	
5/1/45		$	480,000.00		5.00%		$	235,000	$	12,000.00			
11/1/45		$	245,000.00		5.00%		$	-	$	6,125.00		$	253,125.00	
5/1/46		$	245,000.00		5.00%		$	245,000	$	6,125.00		$	251,125.00	

 	Total	

  $	2,140,000.00 

  $	2,299,000.00 

  $	4,439,000.00 

14

South Village
Community Development District	Debt Service Fund
Series 2019

	Adopted
Budget		Actual
thru		Projected
Next		Total
Projected at		Adopted
Budget	
 Description			FY2020		6/30/20		3 Months		9/30/20		FY2021	

Revenues											
Carry Forward Surplus		$0		$200,696		$0		$200,696		$271,083	
Special Assessment - Tax Collector		$106,332		$107,022		$0		$107,022		$223,713	
Direct Assessments - A		$117,384		$255,714		$0		$255,714		$0	
Direct Assessments - B		$95,200		$40,600		$40,600		$81,200		$81,200	
Prepayments		$0		$244,737		$0		$244,737		$0	
Interest Income		$11,500		$1,927		$150		$2,077		$0	
TOTAL REVENUES		$330,416		$850,696		$40,750		$891,446		$575,996	

(1)

Expenditures

Series 2019A
Interest - 11/1		$87,940		$87,940		$0		$87,940		$86,871	
Principal - 5/1		$45,000		$45,000		$0		$45,000		$45,000	
Interest - 5/1		$87,405		$87,940		$0		$87,940		$86,871	
Series 2019B											
Interest - 11/1		$47,600		$47,600		$0		$47,600		$40,600	
Special Call - 11/1		$0		$60,000		$0		$60,000		$0	
Interest - 2/1		$0		$2,660		$0		$2,660		$0	
Special Call - 2/1		$0		$190,000		$0		$190,000		$0	
Interest - 5/1		$47,600		$40,600		$0		$40,600		$40,600	
TOTAL EXPENDITURES		$315,545		$561,740		$0		$561,740		$299,943	

Other Sources/(Uses)											

nterfund Transfer In/(Out)	$0	($2,528)	$0	($2,528)	$0

TOTAL OTHER	$0	($2,528)	$0	($2,528)	$0

EXCESS REVENUES/(EXPENDITURES)	$14,871	$286,428	$40,750	$327,178	$276,053

(1)	Carry Forward is net of Reserve requirement

	Total	Debt Gross Per Unit Tax Roll

$1,469.09	Gross	Net Assessment

$223,713	
	Units		Assessment		
Platted Lots - Full Debt	 	162 		 	$237,993 		
Total Platted	      162 		 	$237,993 	$223,713	

15

Interest 11/1/2021:

2019A	$85,674
2019B	$40,600
$126,274

South Village	Amortization Schedule
Community Development District	Series 2019A,  Capital Improvement  Bonds

 	DATE		 	BALANCE		 	PRINCIPAL		 	INTEREST		 	TOTAL	

5/1/19	$	3,255,000.00	$	-	$	41,038.67		
11/1/19	$	3,255,000.00	$	-	$	87,940.00	$	
5/1/20	$	3,255,000.00	$	45,000	$	87,940.00	$	
11/1/20	$	3,210,000.00	$	-	$	86,871.25	$	
5/1/21	$	3,210,000.00	$	50,000	$	86,871.25	$	
11/1/21	$	3,160,000.00	$	-	$	85,683.75	$	
5/1/22	$	3,160,000.00	$	50,000	$	85,683.75	$	
11/1/22	$	3,110,000.00	$	-	$	84,496.25	$	
5/1/23	$	3,110,000.00	$	55,000	$	84,496.25	$	
11/1/23	$	3,055,000.00	$	-	$	83,190.00	$	
5/1/24	$	3,055,000.00	$	55,000	$	83,190.00	$	
11/1/24	$	3,000,000.00	$	-	$	81,883.75	$	
5/1/25	$	3,000,000.00	$	60,000	$	81,883.75	$	
11/1/25	$	2,940,000.00	$	-	$	80,458.75	$	
5/1/26	$	2,940,000.00	$	60,000	$	80,458.75	$	
11/1/26	$	2,880,000.00	$	-	$	79,033.75	$	
5/1/27	$	2,880,000.00	$	65,000	$	79,033.75	$	
11/1/27	$	2,815,000.00	$	-	$	77,490.00	$	
5/1/28	$	2,815,000.00	$	70,000	$	77,490.00	$	
11/1/28	$	2,745,000.00	$	-	$	75,827.50	$	
5/1/29	$	2,745,000.00	$	70,000	$	75,827.50	$	
11/1/29	$	2,675,000.00	$	-	$	74,165.00	$	
5/1/30	$	2,675,000.00	$	75,000	$	74,165.00	$	
11/1/30	$	2,600,000.00	$	-	$	72,121.25	$	
5/1/31	$	2,600,000.00	$	80,000	$	72,121.25	$	
11/1/31	$	2,520,000.00	$	-	$	69,941.25	$	
5/1/32	$	2,520,000.00	$	85,000	$	69,941.25	$	
11/1/32	$	2,435,000.00	$	-	$	67,625.00	$	
5/1/33	$	2,435,000.00	$	90,000	$	67,625.00	$	
11/1/33	$	2,345,000.00	$	-	$	65,172.50	$	
5/1/34	$	2,345,000.00	$	95,000	$	65,172.50	$	
11/1/34	$	2,250,000.00	$	-	$	62,583.75	$	
5/1/35	$	2,250,000.00	$	100,000	$	62,583.75	$	
11/1/35	$	2,150,000.00	$	-	$	59,858.75	$	
5/1/36	$	2,150,000.00	$	105,000	$	59,858.75	$	
11/1/36	$	2,045,000.00	$	-	$	56,997.50	$	
5/1/37	$	2,045,000.00	$	110,000	$	56,997.50	$	
11/1/37	$	1,935,000.00	$	-	$	54,000.00	$	
5/1/38	$	1,935,000.00	$	115,000	$	54,000.00	$	
11/1/38	$	1,820,000.00	$	-	$	50,866.25	$	
5/1/39	$	1,820,000.00	$	125,000	$	50,866.25	$	
11/1/39	$	1,695,000.00	$	-	$	47,460.00	$	
5/1/40	$	1,695,000.00	$	130,000	$	47,460.00	$	
11/1/40	$	1,565,000.00	$	-	$	43,820.00	$	
5/1/41	$	1,565,000.00	$	140,000	$	43,820.00	$	
11/1/41	$	1,425,000.00	$	-	$	39,900.00	$	
5/1/42	$	1,425,000.00	$	145,000	$	39,900.00	$	
11/1/42	$	1,280,000.00	$	-	$	35,840.00	$	
5/1/43	$	1,280,000.00	$	155,000	$	35,840.00	$	
11/1/43	$	1,125,000.00	$	-	$	31,500.00	$	
5/1/44	$	1,125,000.00	$	165,000	$	31,500.00	$	
11/1/44	$	960,000.00	$	-	$	26,880.00	$	
5/1/45	$	960,000.00	$	170,000	$	26,880.00	$	
11/1/45	$	790,000.00	$	-	$	22,120.00	$	
5/1/46	$	790,000.00	$	180,000	$	22,120.00	$	
11/1/46	$	610,000.00	$	-	$	17,080.00	$	
5/1/47	$	610,000.00	$	190,000	$	17,080.00	$	
11/1/47	$	420,000.00	$	-	$	11,760.00	$	
5/1/48	$	420,000.00	$	205,000	$	11,760.00	$	
11/1/48	$	215,000.00	$	-	$	6,020.00	$	
5/1/49	$	215,000.00	$	215,000	$	6,020.00	$	

128,978.67
- 174,811.25
- 172,555.00
- 170,180.00
- 167,686.25
- 165,073.75
- 162,342.50
- 159,492.50
- 156,523.75
- 153,317.50
- 149,992.50
- 146,286.25
- 142,062.50
- 137,566.25
- 132,797.50
- 127,756.25
- 122,442.50
- 116,856.25
- 110,997.50
- 104,866.25
- 98,326.25
- 91,280.00
- 83,720.00
- 75,740.00
- 67,340.00
- 58,380.00
- 49,000.00
- 39,200.00
- 28,840.00
- 17,780.00
-

 	Total	

  $	3,255,000.00 

  $	3,518,211.17 

  $	3,512,191.17 

16

South Village	Amortization Schedule
Community Development District	Series 2019B,  Capital Improvement  Bonds

 	DATE		 	BALANCE		 	RATE		 	PRINCIPAL		 	INTEREST		 	TOTAL	

5/1/19	$	1,700,000.00		$	-	$	22,213.33	$	22,213.33	
11/1/19	$	1,700,000.00	5.60%	$	60,000	$	2,660.00	$	62,660.00	
2/1/20	$	1,640,000.00	5.60%	$	190,000	$	-		
5/1/20	$	1,450,000.00	5.60%	$	-	$	40,600.00		
11/1/20	$	1,450,000.00	5.60%	$	-	$	40,600.00	$	81,200.00	
5/1/21	$	1,450,000.00	5.60%	$	-	$	40,600.00		
11/1/21	$	1,450,000.00	5.60%	$	-	$	40,600.00	$	81,200.00	
5/1/22	$	1,450,000.00	5.60%	$	-	$	40,600.00		
11/1/22	$	1,450,000.00	5.60%	$	-	$	40,600.00	$	81,200.00	
5/1/23	$	1,450,000.00	5.60%	$	-	$	40,600.00		
11/1/23	$	1,450,000.00	5.60%	$	-	$	40,600.00	$	81,200.00	
5/1/24	$	1,450,000.00	5.60%	$	-	$	40,600.00		
11/1/24	$	1,450,000.00	5.60%	$	-	$	40,600.00	$	81,200.00	
5/1/25	$	1,450,000.00	5.60%	$	-	$	40,600.00		
11/1/25	$	1,450,000.00	5.60%	$	-	$	40,600.00	$	81,200.00	
5/1/26	$	1,450,000.00	5.60%	$	-	$	40,600.00		
11/1/26	$	1,450,000.00	5.60%	$	-	$	40,600.00	$	81,200.00	
5/1/27	$	1,450,000.00	5.60%	$	-	$	40,600.00		
11/1/27	$	1,450,000.00	5.60%	$	-	$	40,600.00	$	81,200.00	
5/1/28	$	1,450,000.00	5.60%	$	1,450,000.00	$	40,600.00	$	1,490,600.00	

 	Total	

  $	1,700,000.00 

  $	715,073.33 

  $	2,225,073.33 

17

EAGLE LANDING
2020 • 2021 BUDGET

(J--OLf

      5/29/20	

2014 Actual Rounds
2015 Actual Rounds
2016 Actual Rounds
2017 Actual Rounds
2018 Actual/Projected Rounds

October	November	December	Janua!)'.	Februa!l'.	March	Aeril	Ma:z:	June	Jul:z:	August	Seetember	Total

2019 Budgeted Rounds	47,500
Average Green/Cart Fee Rate	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!	#REF!

Golf Operations:
Revenues	113,905	113,015	106,820	110,270	129,020	166,100	152,500	137,754	138,094	127,358	117,850	110,154	1,522,840
Cost of Sales	8,400	7,700	9 800	7,000	9 100	10,500	9,800	9 100	9,100	,7 700	6,300	7,700	102,200
Gross Profit	105,505	105,315	97,020	103,270	119,920	155,600	142,700	128,654	128,994	119,658	111,550	102,454	1,420,640
Operating Expenses	37 889	33,417	32,875	35,699	33,303	36 587	39 281	35 949	34,907	38344	32,883	33879	425,015
Net Operating Income	67 616	71898	64145	67571	86 617	119 013	103 419	92 705	94 087	81 314	78 667	68 575	995 625

Food and Beverage (Golf);
Revenues	79,585	80,300	81,380	72,823	76,466	90,950	92,364	87,446	78,190	69,870	61,940	70,608	941,922	
Cost of Sales	30,637	30865	31,101	27 982	29,430	34 928	3, 5 364	33 346	3 0 160	26794	23,713	27114	361 432	
Gross Profit	48,948	49,435	50,279	44,841	47,036	56,023	57,000	54,100	48,030	43,076	38,227	43,494	580,490	
Operating Expenses	5, 2 740	51 008	51 581	50 852	5,1 875	51 739	51 311	52 069	51512	50798	51,583	51 309	618 377	
Net Operating Income (Loss)	(3,792)	(1,573)	(1,302)	(6,010)	(4,839)	4,284	5,689	2,031	(3,482 )	(7,722)	(13,356)	(7,814)	(37,887)	

Food and Beverage (Recreation): Revenues
Cost of Sales

Gross Profit
Operating Expen ses

Net Operating Income {Loss)	 	

Golf Course Maintenance Expenses	(72,750 )	(54,750)	(55,713)	(63,463)	(82,963)	(63,963)	(67,413)	(67,41 3)	(90,563)	(63 ,663)	(61,413)	(58,463 )	(802 ,525)	

Building & Landscape Maintenance Expenses	
(4,765 )	
(4,765)	
(5,265)	
(4,765)	
(5,015)	
(4,765)	
(5,015)	
(4,765)	
(4,765 )	
(5,015)	
(4,765)	
(5,265)	
(58,930)	

Swim Ops - Net Op . Income (Loss}	 	

Tennis/Fitness OpsNet Op. Income (Loss)	 	

Kids Club - Net Op. Income (Loss)	 	

General and Administrative (Golf):
Revenues	20,300	19,800	23,800	18,800	21,800	19,800	20,800	19,300	19,300	19,300	19,300	19,300	241,600	
Operating Expenses	45.450	70,900	52 050	46 400	47450	46,900	48200	47,750	46050	48400	47,300	48,650	595,500	
Net Operating Income (Loss)	(25,150)	(51,100)	(28,250)	(27,600 )	(25,650)	(27,100)	(27,400)	(28,450)	(26,750)	(29.100)	(28.000)	(29,350)	(353,900)	

General and Administrative (Recreation): Revenues
Operating Expenses

Net Operating Income (Loss}
Income (Loss) Before Depreciation Interest Expense and Management Fees

(38,842)	(40,290)	(26,385)	(34,267)	(31,849)	27,469	9,280	(5,892)	(31,473)	(24,185)	(28,867)	(32,317)	(257, 617)	
(38,84 2)	(40,290)	(26,385)	(34,267)	(31,849)	27,469	9,280	(5,892)	(31,473)	(24,185)	(28,867)	(32,317)	(257,617)	

Interest
Resident Assestment Fees Advalorem Taxes Depreciation Expense Amortization Expense
NETINCOME (LOSS)

Assesments $358,000	 	

EAGLE LANDING													     5/29/20		
2020.2021 BUDGET														
	October	November	December	Janua!l'.	Februa!l'.	March	Aeril	
Mai'.	
June	Juli'.	August	Seetembe r	Total	
2014 Actua l Rounds
2015Actual Rounds														
2016Actual Rounds														
2017ActualRounds														
2018Actual/ProjectedRounds														
2019 Budgeted Rounds														
Average Green/cart Fee Rate	#DIV/0!	#DIV/0!	#DIV/01	#DIV/0!	#DIV/0!	#DIV/0!	#DIV/01	#D IV/0!	#DIV/0!	#D!V/0!	#D!V/0!	#DIV/0!	#D!V/0!	
Golf Operations:														

c;:tolekh,	tw/ -

Revenues
Cost of Sales
Gross Profit
Operating Expenses

Net Operating Income	 	

Food and Beverage (Golf}: Revenues
Cost of Sales	 	
Gross Profit
Operating Expenses	 	 Net Operating Income (Loss)	 	

Food and Beverage (Recreation):
Revenues	3,230	3,040	2,185	855	855	7,125	8,835	12,540	26,030	29,640	18,240	7,790	120,365	
Cost of Sales	1,370	1 310	955	480	465	3 435	3 970	5,595	12 010	13 530	8 195	3,530	54 845	
Gross Profit	1,860	1,730	1,230	375	390	3,690	4,865	6,945	14,020	16,110	10,045	4,260	65,520	
Operating Expenses	3325	2 437	1,810	949	1,539	4 366	4 988	4,351	13.898	14.261	16,004	3,771	71,699	
Net Operating Income (Loss)	(1,465)	(707)	(580)	(574)	(1,149)	(676)	(123)	2,594	 	122		1,849	(5,959)	 	489		(6,179)	

Golf Course Maintenance Expenses	

Building & Landscape Maintenance Expenses	
(9,090)	
(10,340)	
(9,090)	
(9,090)	
(10,090)	
(9,090)	
(9,090)	
(10,090)	
(9,340)	
(9,090)	
(10,090)	
(9,090)	
(113,580)	

Swim Ops -Net Op. Income (Loss)	
(15,325)	
(13,571)	
(12,123)	
(13,503)	
(13,225)	
(20,154 )	
(10,583)	
(17,588)	
(30,900)	
(29,976)	
(33,866)	
(17,325)	
(228,137)	

Tennis Ops - Net Op. Income (Loss)	
(18,214)	
(17,425)	
(19,716)	
(18,246)	
(22,495)	
(20,148)	
(20,282)	
(21 ,038)	
(21,918)	
(18,589)	
(1,9 667)	
(19,081)	
(236,819)	

Kids Club - Net Op. Income {Loss)	
(3,082)	
(276)	
(4,165)	
(768)	
(751)	
(1,850)	
(1 ,793 )	
(562)	
2,218	
(2,265)	
(1 ,354)	
(2,775)	
(17,423)	

General and Administrative (Golf}:														

Revenues
Operating Expenses

Net Operating Income (Loss)	 	

General and Administrative (Recreation): Revenues
Operating Expenses	22 786	32 2 06	22 506	22 406	21 148	22 106	21 728	22 206	22 048	22686	22.686	21,011	275,525	
Net Operating Income {Loss)	(22,786)	(32,206)	(22,506)	(22,406)	(21,148)	(22,106)	(21,728)	(22,206)	(22,048 )	(22,686)	(22,686)	(21,011)	(275,525)	
Income (Loss) Before Depreciation
Interest Expense and Management Fees	(69,962)	
(74,525)	
(68,180)	
(64,587)	
(68,857)	
(74,024)	
(63,598)	
(68,890)	
(81,867)	
(80,757)	
(93,622)	
(68,793)	
(877,663)	
Interest														
Management Fees														
Advalorem Taxes														
Depreciation Expense Amortization Expense														
NET INCOME(LOSS)	(691962l	(74,525 )	(68,180)	(64,587)	!6818571	(74 ,024)	(63,598)	!6a1as o1	(81,867)	(80,757)	j93,622)	(68,793)	!877,663)	
Assesments $952,000														

EAGLE w.lOING GOlf COURSER/ ESIDENT CENTER CAPITAL BUDGET
2020/2021 FISCALYlAA

capitalSpend& Project List COO B rd

Projected C4pit.il Fund Bafancc,u,of 10.1 .2 0

Replenish Clpital Account Year 2020/2021 (estimated)
Annex Fces/$601(, COOAsscssmcnt:s/$2BOK and Golf !nitfati ons/$30 K

New Balance ForThe Fiscal Year 2020/2021as of10.1.20

Projectsfor Board Consideration 2020/2021 Fiscal Year (All majo r project to be approved bythe Board)

S ff/Vendor     Estimate d Cort    Be&innin c B.llance	CDD	COD
Approved(X )	Priority
Reviewed( R)	1•  .2• .l

483,200

370,000

 	853,200 

E.ac le Landini capital Projects Budiet 2020/2021Fiscal Year			853,200		
			$853,200		
Range Redo!rrigatton &Sodding	Staff/Vendor	15,000	$838,200		
Tennis Cart For Court Mainten ance	Vendor	11.000	$820,200	R	
f inal Brtdge Wont Repair/ Poo l Oeck Replace	Staff	7,500	$812,700	X	
SUde Rccoat/ Protcct	Vendor	7,000	$805,700		
Tree Work Throughout COO Property& Golf Course	Vendor	10.000	$795,700		
New Paddle Boats and Canoes	Vendor	5,000	$790,700		
Tables and Chairs for Outstdc catArca/ca bana Bar	Vendor	12,000	sn s,100		
Light Change over to LED Go lf Park i ng lot, Pool, Entranc e Aru	Staff/Vendor	10,000	$768,700		
Rep lace HVAC System As Needed	Vendor	10,000	$758,700		
Repaint Kids Club/Lake House	Vendor	10,000	$748,700		
New OtshWasher Kitchen	Staff/Vendor	,7 500	$741,200		
Fairway Bunke r Rebulld	Vendor	90,000	$651,200		
Community RetttoOm$ Refurb is hment Two t oeattons	Ve ndor	7,500	$643,700		
Curblns Ofcart Paths On Golf Course	V ndor	35,000	$60, 8 700		
Rebutld/ReplaceComm1.1n i ty   Playground Between Pool&Tennis	V ndor	65.000	$543,700		
Repalr/Rep lu:c Upper Patto Front Hang over Fft ncss/r ennls	Vendor	7,500	$536,200		
Large Walk-In Cooler New Refrfg e r.atton Unit Rcsta ur.ant	Vendor	7,500	$S28,700		
Ca rt St.1ging Arca Enlargeme n! Pro Shop	Staff	35,000	$493,700		
Varioussmall ProjectsDuringThe Year	Staff/Vendor	2,5 000	$468.700	X	

Projected  Balance As Of 9.30 .21  Fiscal year2020/2021	 	W, l  500	 $468,700