Davenport Road South Community Development District Proposed Budget FY 2025 1-2 3-6 7 8 9 Capital Reserve Fund Table of Contents General Fund General Fund Narrative Series 2018 Debt Service Fund Series 2018 Amortization Schedule Adopted Actuals Projected Description FBYu2d0g2e4t 1/T3h1r/u24 8 MNeoxntths P9r/To3jhe0rc/ut2e4d PFBrYou2pd0og2see5td Revenues CAsosnetsrsibmuetniotns -f rOonm R HoMll West $$ 130515,,083423 $$ 355,0 -68 $$ 101 , 073735 $$ 130515,,083423 $$ 130515,,893427 Total Revenues $ 456,876 $ 355,068 $ 101,808 $ 456,875 $ 457,779 Expenditures Administrative IISLCPPETTAAADDMWnneuntrrseooniuastfsesiugpslngnnooeusneebtaseiteusrratpsrantlsirimn,m nseaag nighAevLtmeenlegeageeoiidi ycns Aecm t rneFveMo &einauiFnoeeennret cdeanetr BignsyF oeitis AeinttieTnnss sdteFei d eFn&msecineghne iSeasnngusniosbclteosrgcarytiipotnions $$$$$$$$$$$$$$$$$ 1114 0028112445557 ,,,,,,,,,,,,, 000100035555711180002000000457055700040000000250005 $$$$$$$$$$$$$$$$$ 1 3123456 ,,,,,,, 3002368111558 ---7000136004577 5000789000357 8 $$$$$$$$$$$$$$$$$ 2 611134578 ,,,,,,,,, 70000137833 ---- 50003345614 350000234671400 $$$$$$$$$$$$$$$$$ 14 011114455679 ,,,,,,,,,,,, 010000035588145 020000000134177 3545000000024812508 $$$$$$$$$$$$$$$$$ 1114 0258112445557 ,,,,,,,,,,,,, 000002245555711180000004555777055700000000025550005 Total Administrative $ 118,566 $ 38,751 $ 59,617 $ 98,369 $ 124,192 General Fund Davenport Road South Community Development District Proposed Budget 1 Adopted Actuals Projected Description FBYu2d0g2e4t 1/T3h1r/u24 8 MNeoxntths P9r/To3jhe0rc/ut2e4d PFBrYou2pd0og2see5td General Fund Davenport Road South Community Development District Proposed Budget Operation and Maintenance Field Expenditures ISFLLLCEGritaaaleorerennnnnielcgddddetetai rsssrtnMticcclaciigaaaoglae pppnhFnneee itaRecs gCRMyledeeopa mpnRainltieearitpnnsceagteniemransne c&cnyet M &a Einntheannacnecmeent $$$$$$$$$ 11224 12356336 ,,,,,,,, 04567067 00059005 00005000 - $$$$$$$$$ 1 41445 ,,,,, 7058933 --41678480456602 $$$$$$$$$ 112 1351277 ,,,,,,, 01301566 -0130048800400484 $$$$$$$$$ 1113 26891137 ,,,,,,,, 35670235 -0049022800150027 $$$$$$$$$ 11223 23577467 ,,,,,,,, 05557005 00035002 00000008 - Subtotal $ 132,695 $ 31,904 $ 68,461 $ 100,365 $ 133,807 Amenity Expenditures Property Insurance 17,567 $ 17,872 $ - $ 17,872 $ 20,553 $ Security 35,000 $ 10,327 $ 20,653 $ 30,980 $ 35,000 $ Landscape Maintenace-Amenity 13,500 $ 2,240 $ 8,960 $ 11,200 $ 13,500 $ Landscape Replacement-Amenity 8,500 $ - $ 4,250 $ 4,250 $ - $ Landscape Contingency-Amenity - $ - $ - $ - $ 8,500 $ Pest Control 750 $ 228 $ 528 $ 756 $ 850 $ Pool Maintenance 22,800 $ 7,465 $ 15,040 $ 22,505 $ 23,940 $ Pool Furniture Replacement & Repair 5,000 $ - $ 2,500 $ 2,500 $ - $ Hydro Lift - $ - $ - $ - $ 10,500 $ Janitorial Services 11,650 $ 3,640 $ 8,010 $ 11,650 $ 11,820 $ Janitorial Additional Services - $ - $ - $ - $ 675 $ Amenity-Electric 20,250 $ 5,579 $ 11,159 $ 16,738 $ 20,250 $ Amenity-Water 2,500 $ 510 $ 1,040 $ 1,550 $ 2,500 $ Cable/Internet 2,150 $ 712 $ 1,440 $ 2,152 $ 2,150 $ Playground Lease 27,001 $ 9,000 $ 18,001 $ 27,001 $ - $ Parking Lot Resurfacing - $ - $ - $ - $ 8,000 $ Amenity Repairs & Maintenance 8,000 $ 4,831 $ 3,169 $ 8,000 $ 15,000 $ Amenity Access Management 6,000 $ 2,000 $ 4,000 $ 6,000 $ 6,300 $ Amenity Contingency 4,713 $ - $ 4,713 $ 4,713 $ 7,500 $ Subtotal 185,380 $ 64,405 $ 103,463 $ 167,868 $ 187,038 $ Subtotal Field Expenditures 318,075 $ 96,308 $ 171,924 $ 268,232 $ 320,845 $ Total Expenditures 436,642 $ 135,060 $ 231,541 $ 366,601 $ 445,037 $ Other Financing Sources/Uses: Capital Reserve (20,234) $ - $ (20,234) $ (20,234) $ (12,742) $ Total Other Financing Sources/Uses (20,234) $ - $ (20,234) $ (20,234) $ (12,742) $ Excess Revenues/(Expenditures) 0 $ 220,008 $ (149,968) $ 70,040 $ (0) $ Net Assessments $355,842 Add: Discounts & Collections 7% $26,784 Gross Assessments $382,626 Product ERU's Assessable Units ERU/Unit Net Assessment Net Per Unit Gross Per Unit Platted 369.00 369.00 1.00 $355,842.21 $964.34 $1,036.93 2 Davenport Road South Community Development District General Fund Budget RATopshEseeVer sEDasNtimisnUtergEni ctaSstn: wd imll aleinvtye na annocne- aedxp veanlodriteumre ass dsuesrsinmge tnhte o fnis caalll aysesaers. sable property within the District to fund all general Contribution from Highland Meadow West bTehien Dg iasltlroiccat theads baans iendt eurploocna tlh aeg rpereompoerntti owniathte H niughmlabnedr oMf epaldatotweds uWneitsst ifno re sahcahr Dedis atrmicetn. ity facilities with certain costs EXPENDITURES: Administrative: SayCutehtapaerepn rptdveaiirnisd og1 r t91 oF02 ee, emaFscle oher Stidiunapg eSsr tdvaiutsurotirne sgfo, trah ltelho fewi stscim afole ry d eeeaavrc.oh t eBdo ator dD mistermicbt ebru stoin reescse aivned $m2e0e0t ipnegrs .m Aemeotiunngt, inso bta tsoe edx ocne e5d S $u4p,e8r0v0is poersr Engineering Tmhoen tDhilsyt rbiocta'rsd e mngeienteinegr sp, rroevviiedwes i ngveoniecreasl, eentcg. i neering services to the District, e.g. attendance and preparation for TDtGohoi svaesd eeDrmdinisitmntiroaeintcnitaot lian srl FerMepeaeqosnur taiirgneegdm rbeeynq ttuh Sireee rSmveicecunertsis t– yf oC aren nudtn rEraaxl tcFehldoa rnbigdoena ,Cd Lo iLmsCsmu ceoissm.s iTpohlnei stte ocs oc tsohtme isspe lb yra ewspeiodtrh tu iRnpugol ner e t1qh5ueci 2rSe-e1mr2iee(snb t)2s(0.5 1)8 w bhoicnhd rseelraiteess. Attorney mTheee tDinisgtsr,i cptr'se pleagraalt cioonu nasnedl rpervoiveiwde osf g aegnreereaml leengtasl, sreersvoilcuetsio tnos t,h eet cD. i strict, e.g. attendance and preparation for monthly AcToshslelee sDcstimisoternni ctot fA inds omcnoi-nnaitdsrt arvcaattleioodrn ew mit has Gsoesvsemrnemnte onnta al lMl aasnsaegsesmabelne tp Sreorpveircteys w– iCthenint rtahle F Dloirsitdriac,t L. LC to levy and administer the AbTanhsnei usD.a iTls hAtreui cdDti itis st rriecqt uisir ceudr rbeyn Ftllyo rciodnat rSatacttuedte ws titoh a Grrraaun g&e Afosrs oacni aintedse fpoern tdheenset asuerdviti coefs i. ts financial records on an annual TTrhues Dteies tFreicets will pay annual trustee fees for its Series 2018 bonds. 3 Davenport Road South Community Development District General Fund Budget Management Fees The District receives Management, Accounting and Administrative services as part of tGroavnesrcnrimpteinotna lo Mf baonaargde mmeenetti nSegrsv, aicdems-iCneisnttrraatli vFelo sreidrvai,c LeLsC, b. uTdhgee ste prrveicpeasr ainticolund, ael lb fuint aan raec Mi naalo nrte alpigmoemrittesed,n a ttn oAn, gurreaecle oamrudedininttgs w, aeinttcdh. sm IR sneyeefrspoevtrretemeimrnssages, t.sn ip,ot soAn s dvTiotaeirbvcieheo, nu pMosal iocycgor ysoim ts oopfflt e iOmnffeofinrcmtea, ateitotiocn.n G atnoedvceh rpnnromologegrnaytm afolm rM intahgne a fDgoerism tfrreiancutt dsS uepcrrhvoi ctaeescs t vi–iod nCe,eo n actcrocanolfu eFnrlteoinrnicgdi nas,g o,L fLtcwlCo auprdre o,s vttioadrbealseg tetsh aefnosder CRMmWheaaepanibnprasettigeetseenre m naM1nteas8cn iet9nth, t, S eeue nFcrpalvoodnisracctitesedes aas – ,s sSCdoteoacncitauturttmeaedlse F .n wltoT irthuhidep smaloe, o aLndLsiesCt,ro pvrhiriconoesgvst ii adnniegnds c atlmhunedadsei ne d tssoaeiimtnrevia niicpngee strrh.f eeon rDemwisaatnrlscic,e t ’wsa ewsbseesbistssemi tebe anccrtkse,au tpsesed,c uienrt icat.y cc Goaornvddear nnfcimree ewwnitatahlll Postage Mailing of agenda packages, overnight deliveries, correspondence, etc. Telephone Telephone and fax machine. Printing & Binding Printing and Binding materials for board meetings, printing of computerized checks, stationary, envelopes etc. Insurance T he District’s general liability, public officials liability and property insurance coverages. Legal Advertising o Tfh gee Dniesrtarilc cti risc urelaqtuioirne. d to advertise various notices for monthly Board meetings, public hearings, etc in a newspaper Contingency Bank charges and any other miscellaneous expenses incurred during the year. Dues, Licenses & Subscriptions T onhley D eixsptreincst eis u rnedqeuri rtehdis t coa pteagyo arny afonrn uthael fDeies ttori ctht.e Florida Department of Economic Opportunity for $175. This is the 4 Davenport Road South Community Development District General Fund Budget Operation and Maintenance Field Expenditures: Field Management opwTfhhi toceho nD nceiot scrntaartlcirlctsast c a iftsnoo dcrro setn,h mmtera oaDicnlsitis.et todrr iwcinti gtsh uo cGf hou vtaieslir tlnyam nadecscncotaaupln eMt saa, nnadattg eleanmkdee Bnmota aSirendrt veminceaeenst-ciCnee.g nSs etarrnavdli cF releosc rieindivcale,u LadLneCd o frnoesrs iotpeno sninidtse pt foeie cpltdrioo mnpsea,rn mtayge oeewmtinnegensrt Electric R epresents current and estimated electric charges of common areas throughout the District. Street Lights Encompasses the budgeted amount for the District’s decorative light poles and fixtures in various locations. L Raenpdrescsaepnets M thaein etsetniamnactee d maintenance of the landscaping within the common areas of the District. L Raenpdrescsaepnets C tohnet iensgtiemncayt ed cost of replacing landscaping within the common areas of the District. Irrigation Repairs Rweepllrse. sents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation General Field Repairs & Maintenance The estimated costs that the District will incur for repairs and maintenance. Contingency fR ieelpdr ecasetengtos rfyu.n ds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any Amenity Expenditures Property Insurance The District’s property insurance coverages. Security Represents security services provided throughout the fiscal year. LRaenpdrescsaepnets M thaein etsetniamnactee d maintenance of the landscaping within the Amenity of the District. 5 Davenport Road South Community Development District General Fund Budget LR aenpdrescsaepnets C tohnet iensgtiemncayt ed cost of replacing landscaping within the Amenity of the District. Pest Control Represents pest control for monthly treatment at the Amenity Center. Pool Maintenance Represents the cost to provide pool chemicals and pool maintenance services. Hydro Lift Represents the cost to provide chair lift maintenance. Janitorial Services This line item represents janitorial services provided for the Amenity Center. Electric – Amenity This represents the estimated cost for electric utility of the Amenity Center. Water – Amenity Represents current and estimated costs for water and refuse services provided. Cable/Internet Represents internet services at the Amenity Center. Parking Lot Resurfacing Estimated amount to reseal and resurface parking lot. Amenity Repairs & Maintenance Represents estimated general cost for repairs and maintenance of the amenity center. Amenity Access Management Represents the cost of managing and monitoring access to the District’s amenity facilities. Amenity Contingency cRaetpergeosreyn. ts funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any Other Financing Sources/(Uses) Capital Reserve Represents projected transfer out to the Capital Projects fund. 6 Davenport Road South Community Development District Proposed Budget Debt Service Fund Series 2018 Adopted Actuals Projected Description FBYu2d0g2e4t 1/T3h1r/u24 8 MNoenxtths P9r/oT3jhe0rc/ut2e4d PFBrYou2pd0og2see5td ICARnsaetsrveerersynes Fsmutoeersnwtasr -d T Sauxr Rpolulls (1) $$$ 34 46 47 ,,29 -5745 $$$ 34 46 68 7,,,224195890 $$$ 1 4 ,8 9 -9795 $$$ 34 46 2782,,,223174489 $$$ 34 49 37 ,, 27 -7748 Total Revenues $ 812,229 $ 821,966 $ 15,874 $ 837,841 $ 841,052 Expenditures IIPnnrttineerrceeipssatt l-- -15 1/111//11 $$$ 111355058,,,028015003 $$$ 11 35 08 ,,02 -0500 $$$ 1 5 ,8 --13 $$$ 111355058,,,028015003 $$$ 111355255,,,078017035 Total Expenditures $ 444,063 $ 288,250 $ 155,813 $ 444,063 $ 443,588 Excess Revenues/(Expenditures) $ 368,166 $ 533,716 $ (139,938) $ 393,778 $ 397,465 (1) Carryforward Surplus is net of Debt Service Reserve Funds PIrnintecripesatl -- 11T11o/t/a11l $$$ 112459022,,,077077055...000000 Product Assessable Units Net Assessment Net Per Unit Gross Per Unit Single Family 369 $ 447,274 $ 1,212.12 $ 1,303.36 Total 369 $ 447,274 7 Davenport Road South Community Development District Series 2018 Special Assessment Bonds Amortization Schedule Date Balance Prinicpal Interest Total 05/01/23 6,350,000.00 $ - $ 158,250.00 $ 11/01/23 6,350,000.00 $ 130,000.00 $ 158,250.00 $ 446,500.00 $ 05/01/24 6,220,000.00 $ - $ 155,812.50 $ 11/01/24 6,220,000.00 $ 135,000.00 $ 155,812.50 $ 446,625.00 $ 05/01/25 6,085,000.00 $ - $ 152,775.00 $ 11/01/25 6,085,000.00 $ 140,000.00 $ 152,775.00 $ 445,550.00 $ 05/01/26 5,945,000.00 $ - $ 149,625.00 $ 11/01/26 5,945,000.00 $ 145,000.00 $ 149,625.00 $ 444,250.00 $ 05/01/27 5,800,000.00 $ - $ 146,362.50 $ 11/01/27 5,800,000.00 $ 150,000.00 $ 146,362.50 $ 442,725.00 $ 05/01/28 5,650,000.00 $ - $ 142,987.50 $ 11/01/28 5,650,000.00 $ 160,000.00 $ 142,987.50 $ 445,975.00 $ 05/01/29 5,490,000.00 $ - $ 139,387.50 $ 11/01/29 5,490,000.00 $ 165,000.00 $ 139,387.50 $ 443,775.00 $ 05/01/30 5,325,000.00 $ - $ 135,262.50 $ 11/01/30 5,325,000.00 $ 175,000.00 $ 135,262.50 $ 445,525.00 $ 05/01/31 5,150,000.00 $ - $ 130,887.50 $ 11/01/31 5,150,000.00 $ 180,000.00 $ 130,887.50 $ 441,775.00 $ 05/01/32 4,970,000.00 $ - $ 126,387.50 $ 11/01/32 4,970,000.00 $ 190,000.00 $ 126,387.50 $ 442,775.00 $ 05/01/33 4,780,000.00 $ - $ 121,637.50 $ 11/01/33 4,780,000.00 $ 200,000.00 $ 121,637.50 $ 443,275.00 $ 05/01/34 4,580,000.00 $ - $ 116,637.50 $ 11/01/34 4,580,000.00 $ 210,000.00 $ 116,637.50 $ 443,275.00 $ 05/01/35 4,370,000.00 $ - $ 111,387.50 $ 11/01/35 4,370,000.00 $ 220,000.00 $ 111,387.50 $ 442,775.00 $ 05/01/36 4,150,000.00 $ - $ 105,887.50 $ 11/01/36 4,150,000.00 $ 230,000.00 $ 105,887.50 $ 441,775.00 $ 05/01/37 3,920,000.00 $ - $ 100,137.50 $ 11/01/37 3,920,000.00 $ 245,000.00 $ 100,137.50 $ 445,275.00 $ 05/01/38 3,675,000.00 $ - $ 94,012.50 $ 11/01/38 3,675,000.00 $ 255,000.00 $ 94,012.50 $ 443,025.00 $ 05/01/39 3,420,000.00 $ - $ 87,637.50 $ 11/01/39 3,420,000.00 $ 270,000.00 $ 87,637.50 $ 445,275.00 $ 05/01/40 3,150,000.00 $ - $ 80,718.75 $ 11/01/40 3,150,000.00 $ 285,000.00 $ 80,718.75 $ 446,437.50 $ 05/01/41 2,865,000.00 $ - $ 73,415.63 $ 11/01/41 2,865,000.00 $ 300,000.00 $ 73,415.63 $ 446,831.25 $ 05/01/42 2,565,000.00 $ - $ 65,728.13 $ 11/01/42 2,565,000.00 $ 315,000.00 $ 65,728.13 $ 446,456.25 $ 05/01/43 2,250,000.00 $ - $ 57,656.25 $ 11/01/43 2,250,000.00 $ 330,000.00 $ 57,656.25 $ 445,312.50 $ 05/01/44 1,920,000.00 $ - $ 49,200.00 $ 11/01/44 1,920,000.00 $ 345,000.00 $ 49,200.00 $ 443,400.00 $ 05/01/45 1,575,000.00 $ - $ 40,359.38 $ 11/01/45 1,575,000.00 $ 365,000.00 $ 40,359.38 $ 445,718.75 $ 05/01/46 1,210,000.00 $ - $ 31,006.25 $ 11/01/46 1,210,000.00 $ 385,000.00 $ 31,006.25 $ 447,012.50 $ 05/01/47 825,000.00 $ - $ 21,140.63 $ 11/01/47 825,000.00 $ 400,000.00 $ 21,140.63 $ 442,281.25 $ 05/01/48 425,000.00 $ - $ 10,890.63 $ 11/01/48 425,000.00 $ 425,000.00 $ 10,890.63 $ 446,781.25 $ 6,350,000.00 $ 5,210,381.25 $ 11,560,381.25 $ 8 Davenport Road South Community Development District Proposed Budget Capital Reserve Adopted Actuals Projected Description FBYu2d0g2e4t 1/T3h1r/u24 8 MNoenxtths P9r/oT3jhe0rc/ut2e4d PFBrYou2pd0og2see5td CRaervreyn Fuoersward Surplus $ 71,672 $ - $ - $ - $ 20,234 Total Revenues $ 71,672 $ - $ - $ - $ 20,234 Expenditures SFCupaerpneitidatu lD rOreui vRtelea pfyolar cPeomoel nPtu/mReppsair $$$ 1 0 58,,,055000000 $$$ --- $$$ --- $$$ --- $$$ 1 058,,,055000000 Total Expenditures $ 24,000 $ - $ - $ - $ 24,000 Other Sources/(Uses) Transfer In/(Out) $ 20,234 $ - $ 20,234 $ 20,234 $ 12,742 Total Other Sources/(Uses) $ 20,234 $ - $ 20,234 $ 20,234 $ 12,742 Excess Revenues/(Expenditures) $ 67,906 $ - $ 20,234 $ 20,234 $ 8,976 9