Adopted Budget 
Fiscal Year 2024 
South Village Community 
Development District 
August 8, 2023 

South Village General Fund 
Community Development District
Adopted Actual Projected Total Adopted 
Budget thru Next Projected at Budget 
Description FY2023 6/30/23 3 Months 9/30/23 FY2024 
Revenues 
Maintenance Assessments - Tax Collector $731,185 $736,678 $0 $736,678 $751,796 
Maintenance Assessments - Direct $2,990 $0 $0 $0 $0 
Interest Income $0 $10,714 $1,500 $12,214 $4,443 
Total Revenues $734,175 $747,392 $1,500 $748,892 $756,239 
Expenditures 
Administrative 
Supervisors Fees $14,000 $7,200 $2,400 $9,600 $14,000 
FICA Taxes $1,071 $551 $184 $734 $1,071 
Engineering $15,000 $6,771 $2,257 $9,028 $12,000 
Arbitrage $1,800 $0 $1,800 $1,800 $1,800 
Dissemination Agent $8,500 $6,375 $2,125 $8,500 $9,010 
Assessment Roll $5,300 $5,300 $0 $5,300 $5,618 
Attorney $40,000 $21,075 $10,538 $31,613 $40,000 
Annual Audit $7,250 $7,000 $0 $7,000 $8,500 
Trustee $17,000 $4,291 $10,100 $14,391 $17,000 
Management Fees $52,000 $39,000 $13,000 $52,000 $55,120 
Information Technology $1,800 $1,350 $450 $1,800 $1,908 
Website Admin $0 $0 $0 $0 $1,200 
Telephone $1,500 $583 $194 $777 $1,500 
Postage $1,000 $377 $126 $502 $1,000 
Insurance $22,000 $18,671 $0 $18,671 $20,540 
Printing $2,000 $1,028 $734 $1,762 $2,000 
Legal Advertising $4,000 ($244) $3,000 $2,756 $4,000 
Other Current Charges $2,000 $648 $216 $864 $2,500 
Office Supplies $100 $79 $26 $105 $100 
Dues, Licenses, Subscriptions $175 $175 $0 $175 $175 
Contingency $500 $0 $500 $500 $500 
Sub-Total - Administrative Expenses $196,996 $120,229 $47,650 $167,879 $199,542 
Community Appearance 
Security $42,000 $29,625 $18,516 $48,141 $52,000 
Utilities $85,000 $57,930 $28,965 $86,894 $118,233 
Interlocal Agreement - MVCDD $36,000 $35,405 $0 $35,405 $36,000 
Facility & Grounds Maintenance (Labor) $20,000 $0 $0 $0 $0 
Landscape - Contract $223,443 $150,576 $50,192 $200,768 $234,964 
Landscape - Contingency $45,000 $38,658 $10,000 $48,658 $45,000 
Landscape - Irrigation Repairs $10,500 $3,185 $5,000 $8,185 $10,500 
Phase 5&6 Maintenance $26,246 $16,735 $5,578 $22,313 $0 
Repairs & Maintenance $13,990 $1,390 $10,000 $11,390 $25,000 
Lake - Contract $35,000 $26,330 $15,000 $41,330 $35,000 
Sub-Total - Community Appearance $537,179 $359,833 $143,251 $503,084 $556,697 
TOTAL EXPENDITURES $734,175 $480,062 $190,900 $670,963 $756,239 
EXCESS REVENUES/(EXPENDITURES) $0 $267,330 ($189,400) $77,929 $0 
1

South Village 
Community Development District 
Platted Lots FY 2023 FY 2024 
Assessments - Platted Lots 1494 1494 
Net-Assessment Rate $1,160.90 $1,217.30 
Total Net Assessments - Tax Collector $1,734,385 $1,818,646 
Gross Assessment (6% Discounts/Collections) $1,845,090 $1,934,730 
Gross Assessment - Per Unit $1,235 $1,295 
Sales Center 
Net-Assessment Rate $3,349.65 
Gross Assessment (6% Discounts/Collections) $3,563.46 
Allocation of On Roll Assessments: 
Total Net Assessments - Tax Collector Platted $1,821,996 
Total Assessment - Tax Collector $1,821,996 
General Fund $751,796 
Recreation Fund $1,070,200 
$1,821,996 
Net Gross 
GF / Rec Fund $1,217 $1,295 
Golf Fund $240 $254 
Capital Reserve Fund $188 $199 
TOTAL $1,645 $1,749 
2 
Summary of Operations and Maintenance Assessments 

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 calculation prepared for the Series 
2016A1/A2/A2 and 2019A/B, 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/A2 and 2019A/B 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. 
Information Technology 
Represents costs related to the District’s information systems, which include but are not limited to 
video conferencing services, cloud storage services and servers, security, accounting software, etc. 
Website Maintenance 
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information 
on the CDD as well as links to useful websites regarding Compliance issues. This website will be 
maintained by GMS-SF, LLC and updated monthly. 
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 checks, 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 
This category includes expenses relating to the printing and binding, 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. 
Landscape 
This represents landscape maintenance of all District property, to include mowing, weeding, trimming, 
pruning, fertilizing etc. The District is contracted with Tree Amigos. Amount budgeted includes a 
contingency. 
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 $2,862 per month, or $34,344 annually. Amount budgeted includes a 
contingency. 
Utilities 
The District currently has the following accounts with Clay Electric Cooperative for electric service: 
Account # Service Address Avg/Month Annual 
5875489 3935-1 Eagle Landing/Water Fall $ 1,518.85 $18,226.19 
5929377 3935-2 Eagle Landing/St lights $ 169.44 $ 2,033.23 
6474431 4045-2 Eagle Crossing Dr $ 83.83 $ 1,006.00 
9121614 938 TB Restroom $ 46.22 $ 554.65 
9082354 875 TB Irrigation $ 582.58 $ 6,990.98 
9117336 992 TB Camera Station $ 41.95 $ 503.38 
9117339 749 TB Camera Station $ 347.82 $ 4,173.87 
9117340 3853 Pines Dr Camera Station $ 35.81 $ 429.66 
Contingency $ 282.65 $ 3,391.80 
$ 3,109.15 $37,309.75 
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 Avg/Month Annual 
00213095 3924-1 Eagle Landing Pkwy $ 590.60 $ 7,087.24 
00213119 3988-1 Eagle Landing Parkway $ 175.07 $ 2,100.82 
00215602 3968-1 Eagle Landing Parkway $ 222.72 $ 2,672.67 
00220803 3973 Eagle Landing Parkway $ 112.72 $ 1,352.68 
00222067 3989 Eagle Landing Parkway $ 962.79 $ 11,553.47 
00229064 3979-2 Eagle Landing Parkway $ 2,195.29 $ 26,343.50 
00230632 3965-1 Eagle Landing Parkway $ 167.86 $ 2,014.28 
00230638 3965-2 Eagle Landing Parkway $ 107.19 $ 1,286.26 
00230640 3965-3 Eagle Landing Parkway $ 160.42 $ 1,925.00 
00230641 3975 Eagle Landing Parkway $ 255.62 $ 3,067.43 
00230642 3979 Eagle Landing Parkway $ 206.63 $ 2,479.53 
00235500 4108-1 Eagle Landing Parkway Irr $ 27.96 $ 335.56 
00233750 1433-1 Eagle Landing Parkway $ 106.70 $ 1,280.43 
00502768 2180 Club Lake Drive Reclaimed Irr $ 27.48 $ 329.73 
00556739 1294 Autumn Pines Drive $ 37.36 $ 448.30 
00589114 932 Tynes Blvd $ 110.55 $ 1,326.66 
00589118 932 Tynes Blvd - Recl Irr $ 503.83 $ 6,045.98 
00589635 988 Tynes Blvd - Recl Irr $ 85.46 $ 1,025.50 
00589637 953 Tynes Blvd - Recl Irr $ 27.63 $ 331.53 
00589665 1003 Oakland Hills - Recl Irr $ 46.61 $ 559.31 
Contingency $ 613.05 $ 7,356.59 
$ 6,743.54 $ 80,922.46 
Misc – Direct Costs 
Represents any expenses not included in the other categories. 
Security 
The District has contracted with the Viewpoint Security for patrol of all District property. Amount 
includes contingency for extra Holiday patrols. 
6 

South Village 
Community Development District Debt Service Fund 
Series 2016 A1/A2 Refunding Bonds 
Adopted Actual Projected Total Adopted 
Budget thru Next Projected at Budget 
Description FY2023 6/30/23 3 Months 9/30/23 FY2024 
Revenues 
(1) Carry Forward Surplus $325,515 $341,812 $0 $341,812 $369,283 
Special Assessment - Tax Collector $1,478,744 $1,478,915 $0 $1,478,915 $1,475,980 
Interest Income $0 $45,545 $50 $45,595 $0 
TOTAL REVENUES $1,804,259 $1,866,272 $50 $1,866,322 $1,845,263 
Expenditures 
Series 2016 A1 - Refunding Bonds 
Interest - 11/1 $168,222 $168,697 $0 $168,697 $156,719 
Special Call - 11/1 $0 $5,000 $0 $5,000 $0 
Interest - 5/1 $168,222 $163,638 $0 $163,638 $156,719 
Principal - 5/1 $635,000 $635,000 $0 $635,000 $650,000 
Series 2016 A1 - Revenue Bonds 
Interest - 11/1 $57,281 $57,281 $0 $57,281 $56,813 
Interest - 5/1 $57,281 $57,281 $0 $57,281 $56,813 
Series 2016 A2 - Refunding Bonds 
Interest - 11/1 $79,382 $79,382 $0 $79,382 $74,653 
Interest - 5/1 $79,382 $79,260 $0 $79,260 $74,653 
Principal - 5/1 $190,000 $190,000 $0 $190,000 $200,000 
Special Call - 5/1 $0 $20,000 $0 $20,000 $0 
Series 2016 A2 - Revenue Bonds 
Interest - 11/1 $20,750 $20,750 $0 $20,750 $20,750 
Interest - 5/1 $20,750 $20,750 $0 $20,750 $20,750 
TOTAL EXPENDITURES $1,476,270 $1,497,039 $0 $1,497,039 $1,467,869 
EXCESS REVENUES/(EXPENDITURES) $327,989 $369,233 $50 $369,283 $377,394 
(1) Carry Forward is net of Reserve requirement 
Total Debt Gross Per Gross Net Interest 11/1/2024: 
Units Unit Tax Roll Assessment Assessment 
A1 Refunding $148,594 
Platted Lots - Full Debt 1072 $1,470.05 $1,575,894 $1,481,340 A1 Revenue $56,813 
Platted Lots - No 2005A Debt 59 $146.87 $8,665 $8,145 A2 Refunding $70,303 
Platted Lot - Partial 1 $597.53 $598 $562 A2 Revenue $20,750 
Total Platted 1,132 $1,585,156 $1,490,047 $296,459 
7

South Village Amortization Schedule 
Community Development District Series 2016 A1, Refunding Bonds 
DATE BALANCE RATE PRINCIPAL INTEREST TOTAL 
11/1/23 $9,335,000.00 2.38% $0.00 $156,718.75 $156,718.75 
5/1/24 $9,335,000.00 2.38% $650,000.00 $156,718.75 
11/1/24 $8,685,000.00 2.50% $0.00 $148,593.75 $955,312.50 
5/1/25 $8,685,000.00 2.50% $665,000.00 $148,593.75 
11/1/25 $8,020,000.00 2.75% $0.00 $139,450.00 $953,043.75 
5/1/26 $8,020,000.00 2.75% $685,000.00 $139,450.00 
11/1/26 $7,335,000.00 3.00% $0.00 $129,175.00 $953,625.00 
5/1/27 $7,335,000.00 3.00% $705,000.00 $129,175.00 
11/1/27 $6,630,000.00 3.25% $0.00 $117,718.75 $951,893.75 
5/1/28 $6,630,000.00 3.25% $730,000.00 $117,718.75 
11/1/28 $5,900,000.00 3.50% $0.00 $104,943.75 $952,662.50 
5/1/29 $5,900,000.00 3.50% $755,000.00 $104,943.75 
11/1/29 $5,145,000.00 3.50% $0.00 $91,731.25 $951,675.00 
5/1/30 $5,145,000.00 3.50% $785,000.00 $91,731.25 
11/1/30 $4,360,000.00 3.50% $0.00 $77,993.75 $954,725.00 
5/1/31 $4,360,000.00 3.50% $810,000.00 $77,993.75 
11/1/31 $3,550,000.00 3.50% $0.00 $63,818.75 $951,812.50 
5/1/32 $3,550,000.00 3.50% $840,000.00 $63,818.75 
11/1/32 $2,710,000.00 3.63% $0.00 $49,118.75 $952,937.50 
5/1/33 $2,710,000.00 3.63% $870,000.00 $49,118.75 
11/1/33 $1,840,000.00 3.63% $0.00 $33,350.00 $952,468.75 
5/1/34 $1,840,000.00 3.63% $905,000.00 $33,350.00 
11/1/34 $935,000.00 3.63% $0.00 $16,946.88 $955,296.88 
5/1/35 $935,000.00 3.63% $935,000.00 $16,946.88 
$0.00 $951,946.88 
Total $9,335,000.00 $2,259,118.76 $11,594,118.76 
**Revised 3/27/23 
8

South Village Amortization Schedule 
Community Development District Series 2016 A1, Revenue Bonds 
DATE BALANCE RATE PRINCIPAL INTEREST TOTAL 
11/1/23 $3,030,000.00 3.75% $0.00 $56,812.50 $56,812.50 
5/1/24 $3,030,000.00 3.75% $0.00 $56,812.50 
11/1/24 $3,030,000.00 3.75% $0.00 $56,812.50 $113,625.00 
5/1/25 $3,030,000.00 3.75% $0.00 $56,812.50 
11/1/25 $3,030,000.00 3.75% $0.00 $56,812.50 $113,625.00 
5/1/26 $3,030,000.00 3.75% $0.00 $56,812.50 
11/1/26 $3,030,000.00 3.75% $0.00 $56,812.50 $113,625.00 
5/1/27 $3,030,000.00 3.75% $0.00 $56,812.50 
11/1/27 $3,030,000.00 3.75% $0.00 $56,812.50 $113,625.00 
5/1/28 $3,030,000.00 3.75% $0.00 $56,812.50 
11/1/28 $3,030,000.00 3.75% $0.00 $56,812.50 $113,625.00 
5/1/29 $3,030,000.00 3.75% $0.00 $56,812.50 
11/1/29 $3,030,000.00 3.75% $0.00 $56,812.50 $113,625.00 
5/1/30 $3,030,000.00 3.75% $0.00 $56,812.50 
11/1/30 $3,030,000.00 3.75% $0.00 $56,812.50 $113,625.00 
5/1/31 $3,030,000.00 3.75% $0.00 $56,812.50 
11/1/31 $3,030,000.00 3.75% $0.00 $56,812.50 $113,625.00 
5/1/32 $3,030,000.00 3.75% $0.00 $56,812.50 
11/1/32 $3,030,000.00 3.75% $0.00 $56,812.50 $113,625.00 
5/1/33 $3,030,000.00 3.75% $0.00 $56,812.50 
11/1/33 $3,030,000.00 3.75% $0.00 $56,812.50 $113,625.00 
5/1/34 $3,030,000.00 3.75% $0.00 $56,812.50 
11/1/34 $3,030,000.00 3.75% $0.00 $56,812.50 $113,625.00 
5/1/35 $3,030,000.00 3.75% $0.00 $56,812.50 
11/1/35 $3,030,000.00 3.75% $0.00 $56,812.50 $113,625.00 
5/1/36 $3,030,000.00 3.75% $970,000.00 $56,812.50 
11/1/36 $2,060,000.00 3.75% $0.00 $38,625.00 $1,065,437.50 
5/1/37 $2,060,000.00 3.75% $1,010,000.00 $38,625.00 
11/1/37 $1,050,000.00 3.75% $0.00 $19,687.50 $1,068,312.50 
5/1/38 $1,050,000.00 3.75% $1,050,000.00 $19,687.50 
$1,069,687.50 
Total $3,030,000.00 $1,593,750.00 $4,623,750.00 
9

South Village Amortization Schedule 
Community Development District Series 2016 A2, Refunding Bonds 
DATE BALANCE RATE PRINCIPAL INTEREST TOTAL 
11/1/23 $3,130,000.00 4.35% $0.00 $74,653.13 $74,653.13 
5/1/24 $3,130,000.00 4.35% $200,000.00 $74,653.13 
11/1/24 $2,930,000.00 4.35% $0.00 $70,303.13 $344,956.26 
5/1/25 $2,930,000.00 4.35% $210,000.00 $70,303.13 
11/1/25 $2,720,000.00 4.35% $0.00 $65,735.63 $346,038.76 
5/1/26 $2,720,000.00 4.35% $215,000.00 $65,735.63 
11/1/26 $2,505,000.00 4.35% $0.00 $61,059.38 $341,795.01 
5/1/27 $2,505,000.00 4.88% $225,000.00 $61,059.38 
11/1/27 $2,280,000.00 4.88% $0.00 $55,575.00 $341,634.38 
5/1/28 $2,280,000.00 4.88% $240,000.00 $55,575.00 
11/1/28 $2,040,000.00 4.88% $0.00 $49,725.00 $345,300.00 
5/1/29 $2,040,000.00 4.88% $250,000.00 $49,725.00 
11/1/29 $1,790,000.00 4.88% $0.00 $43,631.25 $343,356.25 
5/1/30 $1,790,000.00 4.88% $265,000.00 $43,631.25 
11/1/30 $1,525,000.00 4.88% $0.00 $37,171.88 $345,803.13 
5/1/31 $1,525,000.00 4.88% $275,000.00 $37,171.88 
11/1/31 $1,250,000.00 4.88% $0.00 $30,468.75 $342,640.63 
5/1/32 $1,250,000.00 4.88% $290,000.00 $30,468.75 
11/1/32 $960,000.00 4.88% $0.00 $23,400.00 $343,868.75 
5/1/33 $960,000.00 4.88% $305,000.00 $23,400.00 
11/1/33 $655,000.00 4.88% $0.00 $15,965.63 $344,365.63 
5/1/34 $655,000.00 4.88% $320,000.00 $15,965.63 
11/1/34 $335,000.00 4.88% $0.00 $8,165.63 $344,131.26 
5/1/35 $335,000.00 4.88% $335,000.00 $8,165.63 
$0.00 $343,165.63 
Total $3,130,000.00 $1,071,708.82 $4,201,708.82 
**Revised 3/27/23 
10

South Village Amortization Schedule 
Community Development District Series 2016 A2, Revenue Bonds 
DATE BALANCE RATE PRINCIPAL INTEREST TOTAL 
11/1/23 $830,000.00 5.00% $0.00 $20,750.00 $20,750.00 
5/1/24 $830,000.00 5.00% $0.00 $20,750.00 
11/1/24 $830,000.00 5.00% $0.00 $20,750.00 $41,500.00 
5/1/25 $830,000.00 5.00% $0.00 $20,750.00 
11/1/25 $830,000.00 5.00% $0.00 $20,750.00 $41,500.00 
5/1/26 $830,000.00 5.00% $0.00 $20,750.00 
11/1/26 $830,000.00 5.00% $0.00 $20,750.00 $41,500.00 
5/1/27 $830,000.00 5.00% $0.00 $20,750.00 
11/1/27 $830,000.00 5.00% $0.00 $20,750.00 $41,500.00 
5/1/28 $830,000.00 5.00% $0.00 $20,750.00 
11/1/28 $830,000.00 5.00% $0.00 $20,750.00 $41,500.00 
5/1/29 $830,000.00 5.00% $0.00 $20,750.00 
11/1/29 $830,000.00 5.00% $0.00 $20,750.00 $41,500.00 
5/1/30 $830,000.00 5.00% $0.00 $20,750.00 
11/1/30 $830,000.00 5.00% $0.00 $20,750.00 $41,500.00 
5/1/31 $830,000.00 5.00% $0.00 $20,750.00 
11/1/31 $830,000.00 5.00% $0.00 $20,750.00 $41,500.00 
5/1/32 $830,000.00 5.00% $0.00 $20,750.00 
11/1/32 $830,000.00 5.00% $0.00 $20,750.00 $41,500.00 
5/1/33 $830,000.00 5.00% $0.00 $20,750.00 
11/1/33 $830,000.00 5.00% $0.00 $20,750.00 $41,500.00 
5/1/34 $830,000.00 5.00% $0.00 $20,750.00 
11/1/34 $830,000.00 5.00% $0.00 $20,750.00 $41,500.00 
5/1/35 $830,000.00 5.00% $0.00 $20,750.00 
11/1/35 $830,000.00 5.00% $0.00 $20,750.00 $41,500.00 
5/1/36 $830,000.00 5.00% $265,000.00 $20,750.00 
11/1/36 $565,000.00 5.00% $0.00 $14,125.00 $299,875.00 
5/1/37 $565,000.00 5.00% $275,000.00 $14,125.00 
11/1/37 $290,000.00 5.00% $0.00 $7,250.00 $296,375.00 
5/1/38 $290,000.00 5.00% $290,000.00 $7,250.00 
$297,250.00 
Total $830,000.00 $582,250.00 $1,412,250.00 
11

South Village 
Community Development District Debt Service Fund 
Series 2016 A3 Refuning Bonds 
Adopted Actual Projected Total Adopted 
Budget thru Next Projected at Budget 
Description FY2023 6/30/23 3 Months 9/30/23 FY2024 
Revenues 
(1) Carry Forward Surplus $129,468 $129,036 $0 $129,036 $138,689 
Special Assessment $293,949 $276,360 $0 $276,360 $275,425 
Prepayments $0 $0 $0 $0 $0 
Interest Income $0 $9,243 $1,200 $10,443 $0 
TOTAL REVENUES $423,417 $414,639 $1,200 $415,839 $414,114 
Expenditures 
Series 2016 A3 - Refunding Bonds 
Interest - 11/1 $43,575 $42,575 $0 $42,575 $40,225 
Principal - 5/1 $80,000 $80,000 $0 $80,000 $80,000 
Interest - 5/1 $43,575 $42,575 $0 $42,575 $40,225 
Special Call - 5/1 $0 $5,000 $0 $5,000 $0 
Series 2016 A3 - Revenue Bonds 
Interest - 11/1 $53,500 $53,500 $0 $53,500 $53,500 
Interest - 5/1 $53,500 $53,500 $0 $53,500 $53,500 
TOTAL EXPENDITURES $274,150 $277,150 $0 $277,150 $267,450 
EXCESS REVENUES/(EXPENDITURES) $149,267 $137,489 $1,200 $138,689 $146,664 
(1) Carry Forward is net of Reserve requirement 
Interest 11/1/2024: 
A3 Refunding $38,025 
A3 Revenue $53,500 
$91,525 
12

South Village Amortization Schedule 
Community Development District Series 2016 A3, Refunding Bonds 
DATE BALANCE RATE PRINCIPAL INTEREST TOTAL 
11/1/23 $1,410,000.00 5.50% $0.00 $40,225.00 $163,800.00 
5/1/24 $1,410,000.00 5.50% $80,000.00 $40,225.00 
11/1/24 $1,330,000.00 5.50% $0.00 $38,025.00 $158,250.00 
5/1/25 $1,330,000.00 5.50% $85,000.00 $38,025.00 
11/1/25 $1,245,000.00 5.50% $0.00 $35,687.50 $158,712.50 
5/1/26 $1,245,000.00 5.50% $90,000.00 $35,687.50 
11/1/26 $1,155,000.00 5.50% $0.00 $33,212.50 $158,900.00 
5/1/27 $1,155,000.00 5.50% $95,000.00 $33,212.50 
11/1/27 $1,060,000.00 6.00% $0.00 $30,600.00 $158,812.50 
5/1/28 $1,060,000.00 6.00% $100,000.00 $30,600.00 
11/1/28 $960,000.00 6.00% $0.00 $27,600.00 $158,200.00 
5/1/29 $960,000.00 6.00% $110,000.00 $27,600.00 
11/1/29 $850,000.00 6.00% $0.00 $24,300.00 $161,900.00 
5/1/30 $850,000.00 6.00% $115,000.00 $24,300.00 
11/1/30 $735,000.00 6.00% $0.00 $20,850.00 $160,150.00 
5/1/31 $735,000.00 6.00% $125,000.00 $20,850.00 
11/1/31 $610,000.00 6.00% $0.00 $17,100.00 $162,950.00 
5/1/32 $610,000.00 6.00% $130,000.00 $17,100.00 
11/1/32 $480,000.00 6.00% $0.00 $13,200.00 $160,300.00 
5/1/33 $480,000.00 6.00% $140,000.00 $13,200.00 
11/1/33 $340,000.00 6.00% $0.00 $9,000.00 $162,200.00 
5/1/34 $340,000.00 6.00% $145,000.00 $9,000.00 
11/1/34 $195,000.00 6.00% $0.00 $4,650.00 $158,650.00 
5/1/35 $195,000.00 6.00% $155,000.00 $4,650.00 
$0.00 $0.00 $159,650.00 
Total $1,370,000.00 $588,900.00 $2,126,050.00 
**Revised 3/27/23 
13

South Village Amortization Schedule 
Community Development District Series 2016 A3, Revenue Bonds 
DATE BALANCE RATE PRINCIPAL INTEREST TOTAL 
11/1/23 $2,140,000.00 5.00% $0.00 $53,500.00 $107,000.00 
5/1/24 $2,140,000.00 5.00% $0.00 $53,500.00 
11/1/24 $2,140,000.00 5.00% $0.00 $53,500.00 $107,000.00 
5/1/25 $2,140,000.00 5.00% $0.00 $53,500.00 
11/1/25 $2,140,000.00 5.00% $0.00 $53,500.00 $107,000.00 
5/1/26 $2,140,000.00 5.00% $0.00 $53,500.00 
11/1/26 $2,140,000.00 5.00% $0.00 $53,500.00 $107,000.00 
5/1/27 $2,140,000.00 5.00% $0.00 $53,500.00 
11/1/27 $2,140,000.00 5.00% $0.00 $53,500.00 $107,000.00 
5/1/28 $2,140,000.00 5.00% $0.00 $53,500.00 
11/1/28 $2,140,000.00 5.00% $0.00 $53,500.00 $107,000.00 
5/1/29 $2,140,000.00 5.00% $0.00 $53,500.00 
11/1/29 $2,140,000.00 5.00% $0.00 $53,500.00 $107,000.00 
5/1/30 $2,140,000.00 5.00% $0.00 $53,500.00 
11/1/30 $2,140,000.00 5.00% $0.00 $53,500.00 $107,000.00 
5/1/31 $2,140,000.00 5.00% $0.00 $53,500.00 
11/1/31 $2,140,000.00 5.00% $0.00 $53,500.00 $107,000.00 
5/1/32 $2,140,000.00 5.00% $0.00 $53,500.00 
11/1/32 $2,140,000.00 5.00% $0.00 $53,500.00 $107,000.00 
5/1/33 $2,140,000.00 5.00% $0.00 $53,500.00 
11/1/33 $2,140,000.00 5.00% $0.00 $53,500.00 $107,000.00 
5/1/34 $2,140,000.00 5.00% $0.00 $53,500.00 
11/1/34 $2,140,000.00 5.00% $0.00 $53,500.00 $107,000.00 
5/1/35 $2,140,000.00 5.00% $0.00 $53,500.00 
11/1/35 $2,140,000.00 5.00% $0.00 $53,500.00 $107,000.00 
5/1/36 $2,140,000.00 5.00% $150,000.00 $53,500.00 
11/1/36 $1,990,000.00 5.00% $0.00 $49,750.00 $253,250.00 
5/1/37 $1,990,000.00 5.00% $160,000.00 $49,750.00 
11/1/37 $1,830,000.00 5.00% $0.00 $45,750.00 $255,500.00 
5/1/38 $1,830,000.00 5.00% $165,000.00 $45,750.00 
11/1/38 $1,665,000.00 5.00% $0.00 $41,625.00 $252,375.00 
5/1/39 $1,665,000.00 5.00% $175,000.00 $41,625.00 
11/1/39 $1,490,000.00 5.00% $0.00 $37,250.00 $253,875.00 
5/1/40 $1,490,000.00 5.00% $185,000.00 $37,250.00 
11/1/40 $1,305,000.00 5.00% $0.00 $32,625.00 $254,875.00 
5/1/41 $1,305,000.00 5.00% $190,000.00 $32,625.00 
11/1/41 $1,115,000.00 5.00% $0.00 $27,875.00 $250,500.00 
5/1/42 $1,115,000.00 5.00% $200,000.00 $27,875.00 
11/1/42 $915,000.00 5.00% $0.00 $22,875.00 $250,750.00 
5/1/43 $915,000.00 5.00% $210,000.00 $22,875.00 
11/1/43 $705,000.00 5.00% $0.00 $17,625.00 $250,500.00 
5/1/44 $705,000.00 5.00% $225,000.00 $17,625.00 
11/1/44 $480,000.00 5.00% $0.00 $12,000.00 $254,625.00 
5/1/45 $480,000.00 5.00% $235,000.00 $12,000.00 
11/1/45 $245,000.00 5.00% $0.00 $6,125.00 $253,125.00 
5/1/46 $245,000.00 5.00% $245,000.00 $6,125.00 $251,125.00 
Total $2,140,000.00 $1,978,000.00 $4,225,000.00 
14

South Village 
Community Development District Debt Service Fund 
Series 2019 A & B, Capital Improvement Bonds 
Adopted Actual Projected Total Adopted 
Budget thru Next Projected at Budget 
Description FY2023 6/30/23 3 Months 9/30/23 FY2024 
Revenues 
(1) Carry Forward Surplus $148,008 $138,512 $0 $138,512 $100,032 
Special Assessment - Tax Collector $223,713 $224,473 $0 $224,473 $223,713 
Direct Assessments - B $81,200 $0 $0 $0 $0 
Prepayments $0 $35,984 $0 $35,984 $0 
Interest Income $0 $6,175 $0 $6,175 $0 
TOTAL REVENUES $452,921 $405,144 $0 $405,144 $323,745 
Expenditures 
Series 2019A 
Interest - 11/1 $84,496 $84,496 $0 $84,496 $82,099 
Principal - 5/1 $55,000 $55,000 $0 $55,000 $55,000 
Interest - 5/1 $84,496 $84,496 $0 $84,496 $82,099 
Special Call - 5/1 $0 $40,000 $0 $40,000 $0 
Series 2019B 
Interest - 11/1 $17,640 $1,120 $0 $1,120 $0 
Special Call - 11/1 $0 $40,000 $0 $40,000 $0 
Interest - 5/1 $17,640 $0 $0 $0 $0 
TOTAL EXPENDITURES $259,273 $305,112 $0 $305,112 $219,198 
EXCESS REVENUES/(EXPENDITURES) $193,649 $100,032 $0 $100,032 $104,548 
(1) Carry Forward is net of Reserve requirement 
Interest 11/1/2024: 
Total Debt Gross Per Gross Net 
Units Unit Tax Roll Assessment Assessment 2019A $80,793 
Platted Lots - Full Debt 162 $1,469.09 $237,993 $223,713 
Total Platted 162 $237,993 $223,713 
15

South Village Amortization Schedule 
Community Development District Series 2019A, Capital Improvement Bonds 
DATE BALANCE PRINCIPAL INTEREST TOTAL 
11/1/23 $3,015,000.00 $0.00 $82,098.75 $82,098.75 
5/1/24 $3,015,000.00 $55,000.00 $82,098.75 $0.00 
11/1/24 $2,960,000.00 $0.00 $80,792.50 $217,891.25 
5/1/25 $2,960,000.00 $60,000.00 $80,792.50 $0.00 
11/1/25 $2,900,000.00 $0.00 $79,367.50 $220,160.00 
5/1/26 $2,900,000.00 $60,000.00 $79,367.50 $0.00 
11/1/26 $2,840,000.00 $0.00 $77,942.50 $217,310.00 
5/1/27 $2,840,000.00 $65,000.00 $77,942.50 $0.00 
11/1/27 $2,775,000.00 $0.00 $76,398.75 $219,341.25 
5/1/28 $2,775,000.00 $65,000.00 $76,398.75 $0.00 
11/1/28 $2,710,000.00 $0.00 $74,855.00 $216,253.75 
5/1/29 $2,710,000.00 $70,000.00 $74,855.00 $0.00 
11/1/29 $2,640,000.00 $0.00 $73,192.50 $218,047.50 
5/1/30 $2,640,000.00 $75,000.00 $73,192.50 $0.00 
11/1/30 $2,565,000.00 $0.00 $71,148.75 $219,341.25 
5/1/31 $2,565,000.00 $80,000.00 $71,148.75 $0.00 
11/1/31 $2,485,000.00 $0.00 $68,968.75 $220,117.50 
5/1/32 $2,485,000.00 $85,000.00 $68,968.75 $0.00 
11/1/32 $2,400,000.00 $0.00 $66,652.50 $220,621.25 
5/1/33 $2,400,000.00 $90,000.00 $66,652.50 $0.00 
11/1/33 $2,310,000.00 $0.00 $64,200.00 $220,852.50 
5/1/34 $2,310,000.00 $90,000.00 $64,200.00 $0.00 
11/1/34 $2,220,000.00 $0.00 $61,747.50 $215,947.50 
5/1/35 $2,220,000.00 $100,000.00 $61,747.50 $0.00 
11/1/35 $2,120,000.00 $0.00 $59,022.50 $220,770.00 
5/1/36 $2,120,000.00 $105,000.00 $59,022.50 $0.00 
11/1/36 $2,015,000.00 $0.00 $56,161.25 $220,183.75 
5/1/37 $2,015,000.00 $110,000.00 $56,161.25 $0.00 
11/1/37 $1,905,000.00 $0.00 $53,163.75 $219,325.00 
5/1/38 $1,905,000.00 $115,000.00 $53,163.75 $0.00 
11/1/38 $1,790,000.00 $0.00 $50,030.00 $218,193.75 
5/1/39 $1,790,000.00 $120,000.00 $50,030.00 $0.00 
11/1/39 $1,670,000.00 $0.00 $46,760.00 $216,790.00 
5/1/40 $1,670,000.00 $130,000.00 $46,760.00 $0.00 
11/1/40 $1,540,000.00 $0.00 $43,120.00 $219,880.00 
5/1/41 $1,540,000.00 $135,000.00 $43,120.00 $0.00 
11/1/41 $1,405,000.00 $0.00 $39,340.00 $217,460.00 
5/1/42 $1,405,000.00 $145,000.00 $39,340.00 $0.00 
11/1/42 $1,260,000.00 $0.00 $35,280.00 $219,620.00 
5/1/43 $1,260,000.00 $150,000.00 $35,280.00 $0.00 
11/1/43 $1,110,000.00 $0.00 $31,080.00 $216,360.00 
5/1/44 $1,110,000.00 $160,000.00 $31,080.00 $0.00 
11/1/44 $950,000.00 $0.00 $26,600.00 $217,680.00 
5/1/45 $950,000.00 $170,000.00 $26,600.00 $0.00 
11/1/45 $780,000.00 $0.00 $21,840.00 $218,440.00 
5/1/46 $780,000.00 $180,000.00 $21,840.00 $0.00 
11/1/46 $600,000.00 $0.00 $16,800.00 $218,640.00 
5/1/47 $600,000.00 $190,000.00 $16,800.00 $0.00 
11/1/47 $410,000.00 $0.00 $11,480.00 $218,280.00 
5/1/48 $410,000.00 $200,000.00 $11,480.00 $0.00 
11/1/48 $210,000.00 $0.00 $5,880.00 $217,360.00 
5/1/49 $210,000.00 $210,000.00 $5,880.00 $215,880.00 
Total $3,015,000.00 $2,747,845.00 $5,762,845.00 
16

South Village Amortization Schedule 
Community Development District Series 2019B, Capital Improvement Bonds 
DATE BALANCE RATE PRINCIPAL INTEREST TOTAL 
5/1/21 $0.00 5.60% $150,000.00 $0.00 
11/1/21 $0.00 5.60% $0.00 $0.00 $150,000.00 
5/1/22 $0.00 5.60% $210,000.00 $0.00 
11/1/22 $0.00 5.60% $40,000.00 $0.00 $250,000.00 
5/1/23 $0.00 5.60% $0.00 $0.00 
11/1/23 $0.00 5.60% $0.00 $0.00 $0.00 
5/1/24 $0.00 5.60% $0.00 $0.00 
11/1/24 $0.00 5.60% $0.00 $0.00 $0.00 
5/1/25 $0.00 5.60% $0.00 $0.00 
11/1/25 $0.00 5.60% $0.00 $0.00 $0.00 
5/1/26 $0.00 5.60% $0.00 $0.00 
11/1/26 $0.00 5.60% $0.00 $0.00 $0.00 
5/1/27 $0.00 5.60% $0.00 $0.00 
11/1/27 $0.00 5.60% $0.00 $0.00 $0.00 
5/1/28 $0.00 5.60% $0.00 $0.00 $0.00 
Total $400,000.00 $0.00 $400,000.00 
**Updated 5/1/2021 
17

South Village GOLF FUND 
Community Development District 
Adopted Actual Actual Actual Total Adopted 
Budget thru thru thru Projected at Budget 
DESCRIPTION FY2023 12/31/22 3/31/23 6/30/23 9/30/23 FY2024 
Revenues: 
Golf Operations 
Guest Fees & Tournament Fees $1,497,065 $359,680 $773,457 $1,176,000 $1,525,000 $1,617,000 
Member Trail Fees $93,600 $27,550 $51,990 $78,000 $100,000 $108,000 
Pro shop Merch $170,191 $59,557 $113,825 $170,000 $190,000 $199,000 
Practice Range $61,200 $12,650 $28,875 $45,000 $55,000 $62,000 
Misc Revenues $13,800 $819 $1,157 $0 $12,000 $12,000 
Sub Total $1,835,856 $460,256 $969,304 $1,469,000 $1,882,000 $1,998,000 
Golf F&B
F&B/Banquet Revenues $993,100 $233,404 $480,775 $776,000 $1,025,000 $1,050,000 
Beer $226,800 $49,241 $99,903 $157,350 $240,000 $260,000 
Wine $37,800 $10,690 $24,383 $37,000 $40,000 $50,000 
Alcohol $163,800 $72,811 $145,928 $225,500 $205,000 $205,000 
Misc/rentals $0 $855 $855 $855 $2,000 $6,000 
Sub Total $1,421,500 $367,001 $751,844 $1,196,705 $1,512,000 $1,571,000 
Golf Course & Clubhouse Maintenance 
Misc Revenues/Equipment Trade-In $0 $0 $0 $0 $0 $0 
Sub Total $0 $0 $0 $0 $0 $0 
Golf G&A
All Member Dues $374,400 $96,370 $197,189 $307,200 $399,000 $420,000 
Initiation Fees $7,000 $1,564 $3,832 $5,800 $9,000 $10,000 
Sub Total $381,400 $97,934 $201,021 $313,000 $408,000 $430,000 
Total Gross Revenues $3,638,756 $925,191 $1,922,169 $2,978,705 $3,802,000 $3,999,000 
Expenses: 
Golf Operations 
Gross Payroll $339,000 $99,651 $171,105 $264,500 $355,000 $372,000 
Payroll Cost $59,250 $21,010 $39,227 $60,500 $68,000 $68,000 
COGS Merchandise $124,440 $46,184 $85,316 $127,000 $143,000 $145,000 
Bank & CC Fees $41,307 $9,359 $22,940 $33,600 $42,000 $44,000 
Cart Lease & Repairs & Supplies $76,200 $20,343 $41,282 $65,000 $80,000 $115,700 
Staff Dues & Handicap Fees $2,800 $428 $6,062 $5,200 $3,000 $4,000 
Paper Goods $10,300 $2,000 $6,176 $9,500 $12,000 $11,000 
Reservation/Tee Sheet Systems $8,400 $738 $2,950 $5,900 $9,000 $10,000 
Range Balls & Supplies $15,600 $1,424 $10,102 $14,500 $18,000 $15,800 
Scorecards & Pro Shop Supplies $27,400 $4,420 $1,830 $2,800 $6,000 $6,000 
Staff Uniforms $2,000 $328 $556 $800 $2,000 $2,500 
Member Relations $0 $150 $318 
Sub Total $706,697 $206,035 $387,864 $589,300 $738,000 $794,000 
Golf F&B
Gross Payroll $605,000 $134,000 $299,652 $486,000 $645,000 $643,000 
Payroll Cost $135,300 $43,710 $93,425 $150,000 $145,000 $149,000 
COGS F&B $552,763 $146,223 $297,199 $470,000 $595,000 $615,000 
Alcohol Surcharge $3,438 $0 $0 $0 $3,500 $4,000 
CC Fees $28,430 $8,141 $17,281 $28,000 $30,000 $32,000 
China/Glass/Silver $2,000 $654 $2,197 $3,300 $2,000 $3,000 
Cleaning/Operating Supplies $12,000 $1,661 $3,359 $5,700 $12,000 $13,000 
Contract Service $2,800 $0 $410 $410 $2,000 $3,000 
Gas & Propane $21,600 $10,293 $19,260 $26,400 $33,000 $30,000 
Kitchen/Bar Supplies $9,953 $0 $6,500 $7,000 
Linen Service $24,000 $11,548 $21,505 $32,000 $35,000 $29,000 
Paper Goods $18,000 $4,165 $8,787 $19,200 $21,000 $19,000 
Staff Uniforms $2,500 $117 $1,629 $1,780 $3,000 $4,000 
Equipment Repairs/Rentals $3,000 $879 $3,649 $4,700 $3,500 $4,000 
Resident/Member Relations/Marketing $0 $4,435 $8,358 $10,900 $4,500 $2,000 
Utilities $0 $150 $250 $450 $450 
Sub Total $1,420,784 $365,976 $776,961 $1,238,840 $1,541,450 $1,557,000 
Golf Course Maintenance 
Gross Payroll $486,000 $72,192 $189,949 $304,800 $450,000 $471,000 
Payroll Cost $95,700 $19,045 $40,809 $61,000 $90,000 $95,000 
Fert/Chem/Herb $134,500 $30,802 $82,342 $123,900 $135,000 $140,000 
Gas/Oil/Grease $34,800 $8,190 $19,847 $33,700 $40,000 $39,000 
Sand/Grave/\l/Top Dressing $9,971 $410 $1,853 $5,600 $8,000 $8,000 
Sod/Plants/Landscaping $7,000 $0 $0 $6,000 $7,000 
Dues contractors $500 $0 $1,325 $4,700 $0 $0 
Straw/Mulch/Coquina/Color $10,000 $3,749 $0 $10,700 $8,000 $8,000 
Assessories/Small Tools/supplies $10,750 $105 $8,458 $6,500 $7,000 $7,000 
Staff Uniforms/Dues $3,000 $367 $702 $1,000 $3,000 $3,000 
Waste Removal $6,000 $3,673 $3,966 $5,900 $7,000 $8,000 
Equipment Leases/Rentals $105,200 $27,571 $55,144 $83,600 $105,000 $42,000 
Equipment/Irrigation Repairs $53,850 $6,291 $16,346 $29,500 $65,000 $73,000 
IrrigationUtilities/Telephone/Building Utilities $24,500 $12,545 $22,538 $43,000 $35,000 $35,000 
Water/Sewer $23,400 $46 $46 $46 $20,000 $21,000 
Sub Total $1,005,171 $184,986 $443,325 $713,946 $979,000 $957,000 
Page 18

South Village GOLF FUND 
Community Development District 
Adopted Actual Actual Actual Total Adopted 
Budget thru thru thru Projected at Budget 
DESCRIPTION FY2023 12/31/22 3/31/23 6/30/23 9/30/23 FY2024 
Golf Clubhouse Maintenance 
Gross Payroll $48,000 $10,703 $22,716 $34,300 $39,000 $36,000 
Payroll Cost $7,200 $1,628 $3,473 $5,300 $6,000 $5,000 
Contract Services $3,000 $0 $0 $0 $3,000 $3,000 
Holiday/Plants $2,250 $0 $0 $0 $3,000 $4,000 
Building Repairs Vendors $6,000 $2,693 $6,415 $8,200 $8,500 $5,000 
Misc Cleaning Supplies uniforms $3,000 $54 $155 $667 $2,500 $3,000 
Paper Supplies/Misc Supplies $2,400 $0 $0 $0 $1,000 $2,540 
Building Repairs In-House $2,400 $0 $0 $0 $2,500 $2,500 
Sub Total $74,250 $15,078 $32,759 $48,467 $65,500 $61,040 
Golf G&A 
Gross Payroll $133,250 $21,839 $53,237 $90,100 $131,000 $133,000 
Payroll Cost $24,788 $6,451 $14,038 $21,900 $24,000 $25,000 
Contract Service Cleaning $32,000 $4,058 $11,633 $16,200 $32,000 $37,000 
Misc/Dues/Subscriptions $4,750 $718 $744 $1,400 $2,000 $5,000 
Bank Fees/CC Fees $900 $1,710 $8,476 $9,700 $9,000 $10,000 
Equipment Rental $10,800 $1,250 $2,533 $3,800 $9,000 $11,000 
Flowers/Décor $3,000 $4,794 $4,794 $4,800 $7,000 $5,000 
Property Insurance $60,000 $15,861 $26,449 $42,700 $62,000 $63,000 
Legal Fees $3,000 $0 $0 $0 $3,000 $3,000 
Management Fees $133,600 $33,230 $66,461 $99,700 $127,000 $130,000 
Member Relations $7,000 $0 $0 $0 $0 $6,000 
Paper Supplies/Stationary/Office Supplies $22,200 $9,172 $12,599 $18,000 $23,000 $25,000 
Permits/Property Tax $15,800 $17,210 $26,485 $26,300 $27,000 $28,000 
Resident Appreciation $48,000 $10,325 $27,649 $48,100 $58,000 $28,000 
Software/Computer/Jonas $11,400 $2,639 $7,381 $16,100 $12,000 $14,000 
Office Supplies $12,000 $139 $3,137 $4,400 $10,000 $12,000 
Travel/Mileage/Staff Meals/Seminars $7,150 $15,122 $31,656 $46,900 $30,000 $31,000 
Telephone/Music/Dish $31,200 $5,423 $10,504 $15,600 $32,000 $35,000 
Utilities/Waste Removal/Pest Control $68,400 $17,995 $38,761 $54,900 $70,000 $70,000 
Staff Training/Uniforms $600 $139 $139 $210 $700 $1,000 
All Marketing Costs/Member Relations $27,900 $6,037 $9,792 $12,300 $25,000 $20,000 
Sub Total $657,738 $174,112 $356,468 $533,110 $693,700 $692,000 
Total Expenses $3,864,640 $946,187 $1,997,377 $3,123,663 $4,017,650 $4,061,040 
Excess Revenues/(Expenditures) ($225,884) ($20,996) ($75,208) ($144,958) ($215,650) ($62,040) 
Non Operating Revenues 
Special Assessments $358,560 $322,497 $358,000 $359,216 $359,216 $358,560 
Interfund Transfer $0 $0 $0 $0 $0 
Sub Total $358,560 $322,497 $358,000 $359,216 $359,216 $358,560 
FUND BALANCE - Ending $132,676 $301,501 $282,792 $214,258 $143,566 $296,520 
Page 19

REVENUES: DESCRIPTION: 
Guest Fees & Tournament Fees Greens Fees, Tournament Fees, Public Cart Rentals, and Events. 
Member Trail Fees All Member Trail Fees, Annual and Monthly. 
Pro Shop Merchandise All Golf Shop Merchandise Sales. 
Practice Range All Public Driving Range Sales. 
Misc. Revenues All Miscellaneous Income, Club Rentals, Lessons. 
GOLF F&B 
F&B/Banquet Revenues Food and Beverage Golf & Social Event Sales. 
Beer All Beer Sales. 
Wine All Wine Sales. 
Alcohol All Liquor Sales. 
Misc./rentals Room Fees, Misc. Revenues. 
GOLF COURSE & CLUBHOUSE MAINTENANCE 
Misc. Revenues/Equipment Trade-In Revenue generated by any equipment sold. 
GOLF G&A 
All Member Dues Golf Members and Player's Club Annual Dues. 
Initiation Fees Golf Member Initiation Fees. 
EXPENDITURES DESCRIPTION: 
GOLF OPERATIONS 
Gross Payroll Salaries related to all management staff, salary, hourly, gratuities, incentives. 
Payroll Cost Monthly fees related to the processing of all payroll, benefits, 401K. 
COGS Merchandise Cost of golf shop merchandise sold. 
Bank & CC Fees Fees due to credit card company for processing of charges. 
Cart Lease & Repairs & Supplies Lease of golf carts from EZGO, cart repairs. 
Staff Dues & Handicap Fees PGA, agronomy, professional dues and member handicap fees. 
Paper Goods Operational paper supplies such as paper towels, plates, napkins, toilet paper, etc. 
Reservation/Tee Sheet Systems License cost for point of sale, web-site, Jonas software, and reservation system. 
Range Balls & Supplies Driving range operating supplies, range balls, ball washer, misc. supplies. 
Scorecards & Pro Shop Supplies Golf course scorecards,misc hardware, fixtures, display units. 
Staff Uniforms Staff uniforms for all areas and staff. 
Member Relations Cost related to all annual promotions for residents in tennis, swim, golf, and park. 
GOLF F&B 
Gross Payroll Salaries related to all management staff, salary, hourly, gratuities, incentives. 
Payroll Cost Monthly fees related to the processing of all payroll, benefits, 401K. 
COGS F&B Cost of all food and beverage, beer, wine, liquor sold. 
Alcohol Surcharge Delivery and misc cost. 
Bank & CC Fees Fees due to credit card company for processing of charges. 
China/Glass/Silver Replacement china, glass, and silverware, new purchases. 
Cleaning/Operating Supplies General clubhouse related cleaning supplies all areas. 
Contract Service Contract Service to clean greese traps, vents, ice machines. 
Gas & Propane Natural gas a propane, patio heaters, kitchen equipment. 
Kitchen/Bar Supplies General cleaning supplies, service items, hardware. 
Linen Service Rental costs for linen and laundry related to cloth napkins, table cloths, etc. 
Paper Goods Operational paper supplies such as paper towels, plates, napkins, toilet paper, etc. 
Staff Uniforms Staff uniforms for all areas and staff. 
Equipment Repairs/Rentals Repair and maintenance of all kitchen equipment. 
Resident/Member Relations/Marketing Cost related to all annual promotions for residents in tennis, swim, golf, and park. 
Utilities Electricity for all areas. 
GOLF COURSE MAINTENANCE 
Gross Payroll Salaries related to all management staff, salary, hourly, incentives. 
Payroll Cost Monthly fees related to the processing of all payroll, benefits, 401K. 
Fert/Chem/Herb Turf related fertilizers, chemicals, pesticides, herbicides. 
Gas/Oil/Grease Gasoline and oil purchase and disposal for all maintenance equipment. 
Sand/Grave/\l/Top Dressing Sand for bunkers maintenance, greens topdressing, pine straw and coquina. 
Sod/Plants/Landscaping Sod and seed related to needed turf repair. 
Straw/Mulch/Coquina/Color Pine straw, stone, and coquina. 
Assessories/Small Tools On course items such as tee markers, flags, cups. 
Staff Uniforms/Dues Staff uniforms for all areas and staff. 
Waste Removal Monthly charges trash bins at clubhouse and maintenance yard for disposal. 
Equipment Leases/Rentals Lease of golf course maintenance equipment. 
Equipment/Irrigation Repairs Repair and maintenance of golf course irrigation system. 
IrrigationUtilities/Telephone/Building Utilities Electricity to operate irrigation pump, buildings, offices. 
Water/Sewer Irrigation and potable water expense. 
South Village 
Community Development District 
GOLF COURSE OPERATIONS 
Page 20

South Village 
Community Development District 
GOLF COURSE OPERATIONS 
GOLF CLUBHOUSE MAINTENANCE 
Gross Payroll Salaries related to all management staff, salary, hourly, incentives. 
Payroll Cost Monthly fees related to the processing of all payroll, benefits, 401K. 
Contract Services Contract Service for additional projects. 
Holiday/Plants All holiday & seasonal décor for clubhouse. 
Building Repairs Vendors Repair and maintenance of golf clubhouse. 
Misc Cleaning Supplies General clubhouse related cleaning supplies. 
Paper Supplies/Misc Supplies Operational paper supplies such as paper towels, toilet paper, etc. 
Building Repairs In-House Repair and maintenance of the clubhouse. 
GOLF G&A 
Gross Payroll Salaries related to all management staff, salary, hourly, incentives. 
Payroll Cost Monthly fees related to the processing of all payroll, benefits, 401K. 
Contract Service Cleaning Contract Service to Clean Clubhouse, HVAC, windows. 
Misc/Dues/Subscriptions Various dues for staff and print material. 
Bank Fees/CC Fees Fees due to credit card company for processing of charges. 
Equipment Rental Service agreement for copier, misc rentals. 
Flowers/Décor All holiday & seasonal décor for clubhouse. 
Property Insurance Property and casualty insurance for the property. 
Legal Fees Management of licenses, permits, and other legal matters. 
Management Fees Annual management fees for golf operations. 
Member Relations Cost related to all annual promotions for golf memberships. 
Paper Supplies/Stationary/Office Supplies General office supplies for G&A, golf, and F&B. 
Permits/Property Tax Tax related to golf clubs personal property and various permits. 
Resident Appreciation Cost related to all annual promotions for residents in tennis, swim, golf, and park. 
Software/Computer/Jonas Internet provider and all hardware for computers, point of sale stations. 
Travel/Mileage/Staff Meals/Seminars Travel expense for staff buiness related to the operation. 
Telephone/Music/Dish All telephone hardware and service costs. 
Utilities/Waste Removal/Pest Control Electricity for all areas, waste pickup, and pest control. 
Staff Training/Cost/Meals/Uniforms Related cost for all staff training, daily meals and uniforms. 
All Marketing Costs/Member Relations Various marketing expenses and promotions for golf and social events. 
Page 21

SOUTH VILLAGE RECREATIONAL FUND 
COMMUNITY DEVELOPMENT DISTRICT 
Adopted Actual Actual Actual Total Adopted 
Budget thru thru thru Projected at Budget 
DESCRIPTION FY2023 12/31/22 3/31/23 6/30/23 9/30/23 FY2024 
Revenues: 
Tennis:
Guest Fees $10,800 $5,463 $6,233 $7,995 $11,000 $13,000 
Pro shop $9,000 $2,102 $4,678 $7,390 $10,000 $10,000 
Fitness $3,600 $2,588 $4,852 $8,249 $11,000 $6,000 
Lessons & Clinics $82,560 $13,448 $27,454 $41,232 $60,000 $85,000 
Merch COGS ($6,750) ($1,665) ($3,225) ($5,054) ($7,000) ($7,000) 
Sub Total $99,210 $21,936 $39,992 $59,812 $85,000 $107,000 
Pools: 
Guest Fees $14,400 $5,965 $7,012 $11,086 $17,000 $20,000 
Swim Lessons $6,900 $0 $0 $1,725 $4,000 $8,000 
Rentals $0 $0 $0 $0 $2,000 $4,000 
Clubroom Rentals $25,300 $6,446 $13,100 $22,046 $27,000 $30,000 
Swim Team $12,000 $0 $0 $12,178 $12,178 $15,000 
Sub Total $58,600 $12,411 $20,112 $47,035 $62,178 $77,000 
Café/Cabana Bar: 
Food $99,900 $2,434 $8,564 $37,922 $75,000 $110,000 
Merchandise $8,400 $970 $1,413 $6,109 $12,000 $10,000 
Wine $1,400 $340 $605 $995 $1,500 $3,000 
Liquor $34,200 $14,259 $26,159 $52,654 $80,000 $60,000 
Beer $19,900 $4,047 $8,064 $16,265 $25,000 $30,000 
Staff Discount ($8,190) ($46) ($127) ($198) ($1,000) ($7,000) 
Sub Total $155,610 $22,004 $44,678 $113,747 $192,500 $206,000 
Kids Club/Lake House: 
Facility Rentals $1,650 $0 $0 $0 $500 $1,000 
Programs $9,600 $2 $6 $7,800 $12,000 $25,000 
Summer Camp $36,950 $0 $0 $0 $5,000 $15,000 
Social Programs $3,800 $0 $0 $0 $1,000 $3,000 
Holiday Events $0 $0 $0 $0 $0 $0 
Sub Total $52,000 $2 $6 $7,800 $18,500 $44,000 
Non Operating Income: 
Rec Fund Assessments $1,006,189 $906,406 $978,351 $1,009,608 $1,009,608 $1,070,200 
Interfund Transfer In $0 $0 $0 $0 $0 $0 
Interest Income $0 $0 $0 $0 $0 $0 
Sub Total $1,006,189 $906,406 $978,351 $1,009,608 $1,009,608 $1,070,200 
Total Gross Revenues $1,371,609 $962,759 $1,083,139 $1,238,002 $1,367,786 $1,504,200 
Expenses: 
Tennis:
Gross Payroll $252,000 $56,303 $110,682 $177,828 $254,000 $270,000 
Payroll Cost $37,800 $13,280 $25,662 $39,959 $35,000 $42,000 
Bank CC Fees $540 $0 $0 $600 $600 
Cable/TV/Music $4,800 $1,377 $2,590 $4,988 $5,000 $5,000 
Electric/Utilities $36,600 $7,875 $15,194 $21,175 $38,000 $38,000 
EQ Repairs and Maintenance $1,150 $0 $1,540 $1,540 $3,000 $3,000 
Court Maint. $12,000 $454 $5,475 $9,237 $12,000 $12,000 
Waste Removal $5,400 $1,082 $3,527 $5,319 $6,000 $6,000 
Office Supplies/Paper/Stationary $1,320 $92 $108 $1,163 $1,300 $1,300 
Paper & Cleaning $5,200 $1,085 $2,859 $4,932 $6,000 $6,000 
Building Supplies $6,000 $1,632 $3,225 $4,600 $6,000 $6,000 
Rec Supplies $600 $0 $0 $0 $600 $600 
Tournament Expense $0 $0 $0 $10,749 $10,749 $0 
Sub Total $363,410 $83,180 $170,862 $281,490 $378,249 $390,500 
Page 22

SOUTH VILLAGE RECREATIONAL FUND 
COMMUNITY DEVELOPMENT DISTRICT Continued 
Adopted Actual Actual Actual Total Adopted 
Budget thru thru thru Projected at Budget 
DESCRIPTION FY2023 12/31/22 3/31/23 6/30/23 9/30/23 FY2024 
Pool/Swim: 
Gross Payroll $166,000 $20,663 $48,764 $103,105 $165,000 $180,000 
Payroll Cost $24,900 $4,100 $8,740 $17,850 $25,000 $27,000 
Bank & CC Fees $3,516 $0 $0 $0 $0 $3,600 
Water & Sewer/Utilities $52,200 $14,495 $27,128 $40,129 $55,000 $55,000 
Gas $7,900 $0 $2,008 $2,008 $2,008 $8,000 
Repairs & Maint. Pool $25,500 $1,540 $2,452 $5,485 $10,000 $22,000 
Chemicals Pool $24,000 $7,230 $17,714 $31,902 $42,000 $35,000 
Miscellaneous Expenses $900 $0 $0 $0 $0 $1,000 
Contract Service $4,800 $225 $225 $825 $2,000 $4,500 
Cleaning Supplies $2,600 $674 $1,240 $1,917 $3,000 $2,700 
Swim Team Cost $4,200 $0 $0 $3,459 $4,000 $4,000 
Office Supplies $1,200 $255 $348 $555 $1,000 $1,500 
Recreational Supplies $1,100 $0 $0 $449 $1,000 $1,000 
Uniforms $0 $0 $0 $14 $750 $0 
Permits $900 $0 $0 $0 $1,000 $1,000 
Sub Total $319,716 $49,182 $108,619 $207,698 $311,758 $346,300 
Café/Cabana Bar: 
Gross Payroll $55,500 $5,435 $15,907 $39,128 $65,000 $70,000 
Payroll Cost $9,990 $1,747 $4,290 $9,816 $11,000 $13,000 
Alcohol Surcharge $742 $0 $0 $0 $800 $800 
Pest Control $2,520 $819 $1,638 $2,457 $3,500 $3,000 
Cable/TV $2,160 $710 $1,241 $2,300 $3,000 $2,000 
Gas $3,300 $778 $3,702 $8,710 $10,500 $3,500 
Repairs & Maint. $1,950 $0 $520 $568 $2,000 $2,000 
Bank CC Fees $1,556 $0 $0 $0 $0 $1,700 
Paper Goods Supplies $9,600 $1,760 $2,383 $3,558 $10,000 $10,000 
Rec Supplies/Cleaning Supplies/Waste $9,900 $1,592 $5,038 $8,462 $10,000 $10,000 
Food/Bev/Liquor COGS $65,375 $10,486 $24,944 $58,848 $67,000 $75,000 
Store Merchandise COGS $5,040 $0 $0 $0 $5,200 $6,000 
Staff Uniforms $1,000 $211 $211 $1,126 $1,000 $1,000 
Permits $500 $0 $0 $0 $500 $500 
Sub Total $169,133 $23,538 $59,874 $134,973 $189,500 $198,500 
Administrative 
Gross Payroll $125,000 $25,254 $55,604 $87,597 $120,000 $135,000 
Payroll Cost $28,350 $6,590 $13,320 $20,305 $27,000 $35,000 
Bank CC Fees $12,000 $2,903 $5,587 $10,518 $15,000 $10,000 
Insurance $36,000 $11,826 $23,652 $33,806 $37,000 $37,000 
Resident Relations $10,800 $5,165 $8,356 $20,832 $25,000 $45,000 
Permits/Fees $1,000 $357 $268 $178 $1,000 $1,000 
Décor $1,400 $188 $188 $510 $600 $2,000 
Print/Paper/Stationary $2,400 $262 $313 $1,006 $2,400 $4,000 
Computer/Jonas $7,200 $2,639 $6,194 $9,368 $12,000 $7,500 
Operational Supplies All Areas $14,400 $3,398 $5,213 $6,908 $10,000 $15,000 
Telephone/internet $3,600 $1,736 $2,876 $4,630 $6,500 $4,000 
TV/Music $4,800 $493 $1,247 $1,518 $2,500 $5,000 
All Marketing $16,200 $3,928 $6,191 $10,822 $13,000 $18,000 
Management Fees $59,440 $12,900 $25,800 $38,700 $57,000 $54,000 
Sub Total $322,590 $77,639 $154,809 $246,698 $329,000 $372,500 
Building Maintenance 
Gross Payroll $81,000 $13,275 $30,249 $49,095 $70,000 $85,000 
Payroll Cost $16,950 $4,114 $8,350 $12,846 $16,950 $18,000 
Contract Service $4,000 $329 $329 $329 $700 $6,000 
Maint Building Kids/Lake $1,200 $281 $537 $788 $1,050 $1,200 
Repairs & Maintenance Tennis $4,200 $1,029 $2,269 $2,384 $4,200 $4,200 
Landscape $1,800 $0 $0 $0 $0 $1,800 
Building Repair Swim/Café/Cabana Bar $6,000 $3,088 $5,673 $7,330 $8,000 $6,000 
Staff Uniforms $500 $0 $0 $0 $0 $0 
Sub Total $115,650 $22,116 $47,407 $72,772 $100,900 $122,200 
Page 23

SOUTH VILLAGE RECREATIONAL FUND 
COMMUNITY DEVELOPMENT DISTRICT Continued 
Adopted Actual Actual Actual Total Adopted 
Budget thru thru thru Projected at Budget 
DESCRIPTION FY2023 12/31/22 3/31/23 6/30/23 9/30/23 FY2024 
Lake House/Kids Club: 
Gross Payroll $42,500 $948 $948 $12,261 $12,261 $42,500 
Payroll Cost $6,375 $218 $218 $2,018 $2,018 $6,375 
Bank CC Fees $99 $0 $0 $0 $0 $99 
Equipment Rental $700 $0 $0 $195 $195 $700 
Holiday Events $14,300 $2,673 $3,867 $5,250 $5,250 $14,300 
Summer Camp Expenses/Supplies $5,000 $0 $0 $1,743 $1,743 $5,000 
Social Events/Expenses $7,250 $0 $1,722 $2,399 $2,399 $7,250 
Sub Total $76,224 $3,839 $6,755 $23,866 $23,866 $76,224 
Total Expenses $1,366,723 $259,494 $548,326 $967,497 $1,333,273 $1,506,224 
FUND BALANCE - Ending $4,886 $703,265 $534,813 $270,505 $34,513 ($2,024) 
Page 24

REVENUES: DESCRIPTION: 
TENNIS 
Guest Fees 
Fees collected for non-resident usage of Athletic Center facilities, fitness & tennis programs while 
accompanied with a resident. 
Pro shop The sale of drinks, tennis balls, apparel and equipment. 
Fitness 
Rental funds collected from vendors: Ship Shape Strong, LLC for TRX classes, Spincitas for Spin 
classes, Dance Fitness and TyFit for Boot Camp. 
Lessons & Clinics 
Funds collected from patrons of private tennis/pickleball lessons & group clinics given by Troon 
staff. 
Merch COGS Cost of goods sold for drinks, tennis balls, apparel and equipment. 
POOLS
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 Troon staff. 
Rentals 
Funds collected from resident rentals of the Clubroom, Café Patio and Village Green for 
parties and events. 
Clubroom Rentals 
Funds collected from resident rentals of the Clubroom, Café Patio and Village Green for 
parties and events. 
Swim Team Registration fees for our summer swim team Eagle Rays. 
CAFE/CABANA BAR 
Food Sales of food, drinks and ice cream. 
Merchandise Candy sales from the Village Store. 
Wine Wine sales from the Café and Cabana Bar. 
Liquor Liquor based drinks sold from the Café and Cabana Bar. 
Beer Beer sold from the Café and Cabana Bar. 
Staff Discount Discounts provided to Troon Staff while on duty. 
KIDS CLUB/LAKE HOUSE 
Facility Rentals Funds collected from resident rentals of the Kids Club for parties and events. 
Programs Fees collected from kid events such as Kids Only Parties. 
Summer Camp Funds collected for camp participants while school is not in session. 
Social Programs Funds collected from certain Family Events. 
Holiday Events Easter basket delivery, candy grams and other Holiday events with a fee. 
MAINTENANCE ASSESSMENTS 
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 DESCRIPTION: 
TENNIS 
Gross Payroll 
Salaries for Tennis Director, Assistant Tennis Pro, Pickleball Director, Front Desk, Floating 
Position and Social Membership Coordinator. 
Payroll Cost Payroll processing fees including Benefits and 401k. 
Bank CC Fees Fees due to credit card company for processing of charges. 
Cable/TV/Music Monthly charges for Comcast MDTA, Youtube TV and Pandora. 
Electric/Utilities Electricity for the Athletic Center, Clay Electric. 
EQ Repairs and Maintenance Repair costs for fitness equipment. 
Court Maint. 
Costs for clay, windscreens, nets/posts, various equipment/tools and light bulbs on the 
court. 
Waste Removal Dumpster service through GFL. 
Office Supplies/Paper/Stationary Pens, paper, printing supplies, folders and small equipment. 
Paper & Cleaning Cleaning solutions, paper towels, toilet paper and equipment wipes. 
Building Supplies Various needs to operated the Athletic Center. 
Rec Supplies Replacements basketball nets, balls, racquets. 
POOL/SWIM 
Gross Payroll Salaries for Aquatics Coordinator, Front Desk, Lifeguards, Swim Coaches and Instructors. 
Payroll Cost Payroll processing fees including Benefits and 401k. 
Bank & CC Fees Fees due to credit card company for processing of charges. 
Water & Sewer/Utilities CCUA water charges for the pools and Clay Electric service for the pools and Resident's Club. 
Gas Sharp Energy Gas charges to heat the Adult Pool. 
Repairs & Maint. Pool Repairs made to pool equipment, the pools, waterslide/diving boards. 
Chemicals Pool Agreement with Poolsure to provide chemicals and feed equipment. 
Miscellaneous Expenses Any odd expense that doesn’t fit appropriately elsewhere. 
Page 25 
South Village 
Community Development District 
RECREATIONAL OPERATIONS

South Village 
Community Development District 
RECREATIONAL OPERATIONS 
Contract Service Charges for when vendors are needed. 
Cleaning Supplies Paper towels, toilet paper, hand soap, cleaning solutions and equipment. 
Swim Team Cost 
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. 
Recreational Supplies Pool floats, balls, toys, ping pong and billiard equipment. 
Uniforms Uniforms and equipment needed for Lifeguards and staff. 
Permits Pool Operating permit fees for four pools through State of FL DOH. 
CAFE/CABANA BAR 
Gross Payroll Wages for Café/Store counter staff, cooks and Cabana Bar bartender & bar back. 
Payroll Cost Payroll processing fees including Benefits and 401k. 
Alcohol Surcharge 
Pest Control Monthly pest control services for Café provided by Ecolab. 
Cable/TV Comcast cable service to Café, patio and Cabana Bar. 
Gas Gas for kitchen provided by Sharp Energy. Propane tanks refilled for Cabana patio heaters. 
Repairs & Maint. Any repairs to café/cabana area and equipment. 
Bank CC Fees Fees due to credit card company for processing of charges. 
Paper Goods Supplies Cups, paper towels, food trays and utensils. 
Rec Supplies/Cleaning Supplies/Waste Sanitizers, soaps, small wares. GFL provides dumpster services. 
Food/Bev/Liquor COGS Cost of food, NABV, and alcohol. 
Store Merchandise COGS Cost of Candy for Village Store. 
Staff Uniforms Uniforms for Café Staff and Cabana Bar. 
Permits Seating License and Liquor License for Café/Cabana Bar. 
ADMINISTRATIVE 
Gross Payroll Salaries for Administrative Staff. 
Payroll Cost Payroll processing fees including Benefits and 401k. 
Bank CC Fees Fees due to credit card company for processing of charges. 
Insurance Amenity property insurance. 
Resident Relations Cost for resident mixers and other community events. 
Permits/Fees Music licensing permits. 
Décor Seasonal Holiday Decorations. 
Print/Paper/Stationary Printing costs and office supplies. 
Computer/Jonas Fees for IT Support and Jonas POS software. 
Operational Supplies All Areas Supplies to support all REC operations. 
Telephone/internet RingCentral phone system and Comcast Internet. 
TV/Music Comcast TV services and Pandor Music costs. 
All Marketing Members First Website and various software subscriptions to create materials for marketing. 
Management Fees Management Fees to Troon. 
BUILDING MAINTENANCE 
Gross Payroll Salaries for Director of Maintenance and part time staff. 
Payroll Cost Payroll processing fees including Benefits and 401k. 
Contract Service Quarterly HVAC services provided by WW Gay. 
Maint Building Kids/Lake Repair costs for the Kids Club and Lakehouse. 
Repairs & Maintenance Tennis Repair costs for the Athletic Center. 
Landscape Miscellaneuos Landscape costs. 
Building Repair Swim/Café/Cabana Bar Repair costs for the Resident's Club, Café and Cabana Bar. 
Staff Uniforms Uniforms for Maintenance Staff. 
LAKE HOUSE/KIDS CLUB 
Gross Payroll Salaries for Camp Counselors and Event Staff. 
Payroll Cost Payroll processing fees including Benefits and 401k. 
Bank CC Fees Fees due to credit card company for processing of charges. 
Equipment Rental Helium tank rental to fill balloons for events. 
Holiday Events Costs for major Holiday events including Christmas Carnival and Easter Eggstravaganza. 
Summer Camp Expenses/Supplies Costs for Summer Camp supplies including crafts, games and snacks. 
Social Events/Expenses Costs for all other events and parties throughout the year. 
Page 26

South Village CAPITAL RESERVE 
COMMUNITY DEVELOPMENT DISTRICT FY2024 
Adopted Actual Projected Total Adopted 
Budget thru Next Projected at Budget 
Description FY2023 6/30/23 3 Months 9/30/23 FY2024 
REVENUES: 
Maintenance Assessments $283,455 $279,016 $4,572 $283,588 $280,872 
Initiation Fees $0 $31,400 $9,000 $40,400 $40,000 
Transfer from Golf $0 $0 $175,000 $175,000 $150,000 (1) 
Carry Forward Surplus $0 $598,342 $0 $598,342 $655,075 
TOTAL REVENUES $283,455 $908,758 $188,572 $1,097,330 $1,125,947 
EXPENDITURES: 
Capital Outlay/Repair & Replacement $0 $342,255 $100,000 $442,255 $192,000 
TOTAL EXPENDITURES $0 $342,255 $100,000 $442,255 $192,000 
ASSIGNED FUND BALANCE $283,455 $566,503 $88,572 $655,075 $933,947 
(1) Excess Funds from Golf Fund are transferred to the Capital Reserve upon completion of the audit. 
Platted Lots FY 2023 FY 2024 
Assessments - Platted Lots 1494 1494 
Net-Assessment Rate $188.00 $188.00 
Total Net Assessments - Tax Collector $280,872 $280,872 
Gross Assessment (6% Discount) $298,800 $298,800 
Gross Assessment - Per Unit $200.00 $200.00 
27