Davenport Road South Community Development District Proposed Budget FY 2027 1-2 3-7 8 9 10 11 Amenity Capital Reserve Fund Capital Reserve Fund Table of Contents General Fund General Fund Narrative Series 2018 Debt Service Fund Series 2018 Amortization Schedule Adopted Actuals Projected Description FBYu2d0g2e6t 1/T3h1r/u26 8 MNeoxntths P9r/To3jhe0rc/ut2e6d PFBrYou2pd0og2see7td ICCARnsaoetsnrveeretrsyrnesi bFsmutoue eIrstnnwioctansor m -df rOe oSnmu rR pHolMluls West $$$$ 13 05 45 ,, 38 --3426 $$$$ 23 04 295 ,,, 798 -367676 $$$$ 1 0 458 ,,, 308 -307607 $$$$ 123 00512453,,,,378833472676 $$$$ 123 059 2557,,,,358000401120 Total Revenues $ 460,179 $ 558,579 $ 118,213 $ 676,791 $ 760,644 Expenditures Administrative Supervisor Fees 12,000 $ 3,000 $ 8,000 $ 11,000 $ 12,000 $ FICA Expense 918 $ 230 $ 612 $ 842 $ 918 $ Engineering 10,000 $ 213 $ 4,665 $ 4,878 $ 10,000 $ Dissemination Fees 5,408 $ 1,803 $ 3,605 $ 5,408 $ 5,678 $ Attorney Fees 18,000 $ 1,829 $ 7,613 $ 9,442 $ 18,000 $ Assessment Administration 5,408 $ 5,408 $ - $ 5,408 $ 5,678 $ Annual Audit 4,500 $ - $ 4,500 $ 4,500 $ 4,600 $ Trustee Fees 4,446 $ - $ 4,446 $ 4,446 $ 4,446 $ Management Fees 46,350 $ 15,450 $ 30,900 $ 46,350 $ 48,668 $ Information Technology 1,622 $ 541 $ 1,082 $ 1,622 $ 1,703 $ Website Maintenance 1,622 $ 541 $ 1,082 $ 1,622 $ 1,703 $ Postage 850 $ 192 $ 383 $ 575 $ 850 $ Printing & Binding 150 $ 22 $ 30 $ 52 $ 150 $ Insurance 8,390 $ 7,734 $ - $ 7,734 $ 8,507 $ Legal Advertising 5,000 $ 1,967 $ 2,154 $ 4,121 $ 5,000 $ Contingency 2,500 $ 79 $ 440 $ 519 $ 2,500 $ Dues, Licenses & Subscriptions 175 $ 175 $ - $ 175 $ 175 $ Total Administrative 127,339 $ 39,181 $ 69,512 $ 108,693 $ 130,577 $ General Fund Davenport Road South Community Development District Proposed Budget 1 Adopted Actuals Projected Description FBYu2d0g2e6t 1/T3h1r/u26 8 MNeoxntths P9r/To3jhe0rc/ut2e6d PFBrYou2pd0og2see7td General Fund Davenport Road South Community Development District Proposed Budget Operation and Maintenance Field Expenditures ISFLLCEGRMritaaleeoreruennnsnielcgledddcetetair hrssrtnMvticclaciigeaaoglae ppnhFnSnee ittaRecsu gCMyleddeopay mnRaintieeritpnnseagtnieransn c&cye Maintenance $$$$$$$$$$ 1111123 012358846 ,,,,,,,,, 000556700 000025502 000005608 - $$$$$$$$$$ 11 121667 ,,,,,, 57011567 - 09012568 00235908 5 $$$$$$$$$$ 112 2352356 ,,,,,,, 0012557 ---00300150770015 $$$$$$$$$$ 1113 178934577 ,,,,,,,,, 056711237 -056902569000605579 $$$$$$$$$$ 1111123 1335588466,,,,,,,,,,005567900000002550020000059008 Subtotal $ 139,458 $ 46,542 $ 68,110 $ 114,652 $ 152,361 Amenity Expenditures Property Insurance 25,529 $ 16,633 $ - $ 16,633 $ 15,801 $ Security 36,050 $ 7,395 $ 22,185 $ 29,579 $ 36,050 $ Landscape Maintenace-Amenity 13,905 $ 4,480 $ 5,600 $ 10,080 $ 13,905 $ Landscape Contingency-Amenity 16,000 $ - $ 8,000 $ 8,000 $ 16,000 $ Mulch 6,000 $ - $ 6,000 $ 6,000 $ 6,000 $ Pest Control 1,020 $ 321 $ 719 $ 1,040 $ 2,580 $ Pool Maintenance 24,408 $ 8,125 $ 15,800 $ 23,925 $ 24,480 $ Janitorial Services 13,150 $ 4,250 $ 8,500 $ 12,750 $ 14,000 $ Amenity-Electric 20,250 $ 6,276 $ 12,551 $ 18,827 $ 20,250 $ Amenity-Water 3,656 $ 732 $ 1,463 $ 2,195 $ 3,656 $ Cable/Internet 2,484 $ 720 $ 1,483 $ 2,203 $ 2,484 $ Amenity Repairs & Maintenance 15,000 $ 3,595 $ 7,190 $ 10,784 $ 13,000 $ Amenity Access Management 6,489 $ 2,163 $ 4,326 $ 6,489 $ 10,000 $ Amenity Contingency 7,500 $ 2,381 $ 5,119 $ 7,500 $ 7,500 $ Capital Reserve - Amenity - $ - $ - $ - $ 2,000 $ Subtotal 191,441 $ 57,070 $ 98,936 $ 156,006 $ 187,706 $ Total Operations & Maintenance 330,899 $ 103,612 $ 167,046 $ 270,658 $ 340,067 $ Other Financing Sources/Uses: Capital Reserve 1,940 $ - $ 1,940 $ 1,940 $ 290,000 $ Total Other Financing Sources/Uses 1,940 $ - $ 1,940 $ 1,940 $ 290,000 $ Total Expenditures 460,178 $ 142,793 $ 238,497 $ 381,290 $ 760,644 $ Excess Revenues/(Expenditures) 0 $ 415,786 $ (120,285) $ 295,501 $ - $ 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 oATRpshEseeVer sEDasNtmiisnUtegrEni ctaSstn: dw milla lienvtye naa nncoen e-axdp evnadloitruermes a dsuserisnsgm tehnet fiosnc aal lyl eaasrs.e ssable property within the District to fund all general Contribution from Highland Meadow West bTehien gD iasltlroiccatt hedas b aanse idn tueprloonc athl ea gprreoepmoertnito nwaitteh nHuimghblaenr do fM pelaatdteodw us nWites sitn feoarc shh Darisetdr iacmt. enity facilities with certain costs Interest Income Represents interest income the District may receive from interest earning accounts. EXPENDITURES: Administrative: SapCutahtpiaedepn rtdtveoiirn s eog1ar 91 cF02he, emFSslue opereitdirnavg iSssto dartu ufrotienrs g,t hathlele ot wfiimssc efao ldr y eeevaaocrth.e dB otaor dD mistermicbt ebru tsoi nreescse iavne d$ 2m0e0e ptienrg ms.e Aetminogu, nnto tis t ob eaxsecede odn $ 45, 8S0u0p peervr iyseoarsr FICA Expense Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks. Engineering bTohaer Ddi mstreiectti'ns gesn, grienveieerw p irnovvoidiceess g, eetnce. r al engineering services to the District, e.g. attendance and preparation for monthly aDGTdhoisdvesi eetDrmioinsinmntaraeiltc nitrot eianspl ForMeeraetqisnun aigrg eerdme qbeuyni trt heSmee rSevenicctuse rsfi o–ty rC aeunnndtrr aEatxle cFdhl oabrnoigdnead ,C LiosLmsCu mceosism. sTipohlneist te ocs o ctshotem sipse l rybe awpsoeitrdht i Rnugpu olrene 1q t5uhcier2e -mS1e2er(nibets)s( . 52)0 1w8h ibcho nrde lasteersie tso. Attorney Tmheee tDinisgtsr,i cptr'es pleagraatl icoonu annsde lr pevroievwid oesf aggerneeermale lnetgsa, lr esseorvluictieosn tso, ethtce. District, e.g. attendance and preparation for monthly ATcoshslelee sDcstmiisotenrni cto tfA indsom cnio-nnaidstrt rvaaacttlioeordne wmi tahs sGeossvmerennmt eonnt aalll Masasneasgseambleen ptr oSeprevritcye ws i–t hCienn tthrea lD Fislotrriicdta. , LLC to levy and administer the CATunhrner uDeanils ttAlryui ctdthi ties Dreisqturiicret dis b cyo Fnltoraricdtead S twatituht eGsr taou a &rr Aanssgoec fioart eas3n f ionrd tehpeesned seenrvt iacuedsi. t of its financial records on an annual basis. Davenport Road South Community Development District General Fund Budget TTrhues Dteies tFreicets will pay annual trustee fees for its Series 2018 bonds. Management Fees tTGrhoaven esDrcnirsimtprteiicnottn ar leo cfM ebaiovnaearsgd Me mmaeneenatgti neSmgesre,v naitdc,e mAs-icnCcieosnutrtnratatiilnv gFe l aosenrirddv aiAc, deLmsL, Cibn.u iTsdthgreeat t sipverere vpsiecarervsai tciinoecsnl ,ua asdl lep f aibnrutat no acfr iaael Mnreoaptn oalrigmtesim, taeendnn ttu oAa, lg rareeucedomirtdsei,n netgt c wa. intdh I pRMnoeifscpoirrrtomeivssaoeet fnpitot aOsny fv fTiaimcerecipoh, leunetsomc lc.o eoGgnsoyttv a oetfir oinnnmf oaernnmdt aaplt riMoongar ntaeamcghemnmionelnog gtf yoS erf orfvrr iatcuhedes D–p irCsotetrneictcrtt aisolu nFc,lh oa racicsdo vaui,d nLetLionC cg po srnooffvetriwdeeansrc eitn,h tgea,s bcell oestuyssd tf seotmro mrsa. egeet ianngds ,s eArdvoebres,, uCRWCpheeendpabptarsrettiaeetslesre F ,nM 1dlto8asor9 icint,ud htFmaeel,no eLcarnoLindtsCc atu esp p S raltooasvatsuidodtscee,i sash .tt oeThsdhet isewnesg eist aehsnre vmdriv cdoiecnosemi.st o airniincn lrgue danene sdwi tamel spa, iewnrtefaobirnsmiitneag nb ctaehc eka suDspeisss,t sremitccet.’ nsG towsv, esebercsniumtreie tncyrt aeanal tMde dfain rieanwg eaamcllc eomnratd iaSnnetrceveni acwneisct eh–, Postage Mailing of agenda packages, overnight deliveries, correspondence, etc. 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 gTehnee Draisl tcriircctu ilsa rteioqnu. ired to advertise various notices for monthly Board meetings, public hearings, etc in a newspaper of Contingency Bank charges and any other miscellaneous expenses incurred during the year. Dues, Licenses & Subscriptions Tonhley Deixsptreincst ei su rnedqeuri trheids tcoa tpeagyo rayn f aonr nthuea lD fieset rtioc tt. he 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 cccToaohlnnelstt Drr aaainccsdtttsor ei rcfmsot, r iam sit lhcosoe.n n iDttorisarticnrtigecd to wsf uuictthhil iGatyso valaecnrcndomsucneatnpst,e aa la tMntedan ndlaa kBgeeo mamredani ntm tSeeeenrtavinniccgeess. - aSCneedrn vtrirecaceles Fi vilnoecr aildunadd,e Lr oeLnsCps fiootner d oin ntsosp ipteerc otfiipoeelndrst ,my m aoenweantgieenrmg pse hnwoti ntohef 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. Mulch Represents the estimated cost of mulch within the common areas of the District. Irrigation Repairs Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells. General Field Repairs & Maintenance The estimated costs that the District will incur for repairs and maintenance. Contingency fRieelpdr ecasetengtos rfyu.n ds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any Reserve Study fTuhned Dinigst froicrt t hweiilrl croenpdaiurc ot ra r Repeslaecrevme eSntut.d y used to identify major common area components and forecast the necessary Amenity Expenditures Property Insurance The District’s property insurance coverages. 5 Davenport Road South Community Development District General Fund Budget Security Represents security services provided throughout the fiscal year. LRaenpdrescsaepnets M thaein etsetniamnactee d maintenance of the landscaping within the Amenity of the District. R Laenpdrescsaepnets C tohnet iensgtiemncayt ed cost of replacing landscaping within the Amenity of the District. Mulch Represents the estimated cost of mulch within the Amenity areas 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. Janitorial Services This line item represents janitorial services provided for the Amenity Center. Amenity - Electric This represents the estimated cost for electric utility of the Amenity Center. Amenity - Water Represents current and estimated costs for water and refuse services provided. Cable/Internet Represents internet services at the Amenity Center. Amenity Repairs & Maintenance Represents estimated general cost for repairs and maintenance of the amenity center. Amenity Access Management fkpPoeorroyl iDvccaiyidsr vtedris oit carltaoc ntcuieeobswnlsess sc vhaaionradod r t iedisnmisrgueo afctonetr c r ceieas mtsmhuoeretorseau a cgmnuhdso rt ncoeiomgtnoiserctriern rsagnet irsoov nrnie c,a lepna rtt aohesdor-o fnt uooegf ea hrdce epcsedhids obsena ncesoc iaysnn.,t Dardoni esld.tm rSpiatchaitlofs fdt aorirre ieevdc ipeetnlrwyot isvtf oiiscd etaehctduieo reAniltme.y Tc etchrnoeoin tntcyeie caAr mcncocs ame alssmnso dTu p eanramiocmvaeit.n diioetnys Amenity Contingency cRaetpergeosreyn. ts funds allocated to expenses that the District c6ould incur throughout the fiscal year that do not fit into any Davenport Road South Community Development District General Fund Budget Capital Reserve - Amenity Represents projected transfer out to the Amenity Capital Projects fund. Other Financing Sources/(Uses) Capital Reserve Represents projected transfer out to the Capital Projects fund. 7 Davenport Road South Community Development District Proposed Budget Debt Service Fund Series 2018 Adopted Actuals Projected Description FBYu2d0g2e6t 1/T3h1r/u26 8 MNoenxtths P9r/oT3jhe0rc/ut2e6d PFBrYou2pd0og2see7td ICARnsaetsrveerersynes Fsmutoeersnwtasr -d T Sauxr Rpolulls (1) $$$ 34 491570,,,260670340 $$$ 44 33 29 6,,,084482699 $$$ 77 ,,03 -0808 $$$ 44 34 1273,,,024472499 $$$ 44 451070,,,230570240 Total Revenues $ 852,937 $ 878,364 $ 14,388 $ 892,752 $ 907,626 Expenditures IIPnnrttineerrceeipssatt l-- -15 1/111//11 $$$ 111445029,,,067027055 $$$ 11 45 02 ,,07 -0705 $$$ 1 4 9 ,6 --25 $$$ 111445029,,,067027055 $$$ 111444569,,,036026035 Total Expenditures $ 442,400 $ 292,775 $ 149,625 $ 442,400 $ 440,988 Excess Revenues/(Expenditures) $ 410,537 $ 585,589 $ (135,237) $ 450,352 $ 466,639 (1) Carryforward Surplus is net of Debt Service Reserve Funds PIrnintecripesatl -- 11T11o/t/a11l $$$ 112459066,,,033066022...055000 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 8 Davenport Road South Community Development District Series 2018 Special Assessment Bonds Amortization Schedule Date Balance Prinicpal Interest Total 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 $ 5,945,000.00 $ 4,127,081.25 $ 10,221,706.25 $ 9 Davenport Road South Community Development District Proposed Budget Capital Reserve Adopted Actuals Projected Description FBYu2d0g2e6t 1/T3h1r/u26 8 MNoenxtths P9r/oT3jhe0rc/ut2e6d PFBrYou2pd0og2see7td ICRnaetrvereryne Fsutoe rsward Surplus $$ 1 0 4 3,,493670 $$ 1 2 1,,236552 $$ 2 ,7 -03 $$ 1 2 24,,206555 $$ 9 23,,091630 Total Revenues $ 108,397 $ 123,616 $ 2,703 $ 126,319 $ 95,973 Expenditures SFCupaerpneitidatu lD rOreui vRtelea pfyolar cPeomoel nPtu/mReppsair $$$ 558,,,055000000 $$$ 1 8 ,4 --96 $$$ 458,,,025005000 $$$ 2 258,,,705400600 $$$ 8 , 5 --00 Total Expenditures $ 19,000 $ 18,496 $ 17,750 $ 36,246 $ 8,500 Other Sources/(Uses) Transfer In/(Out) $ 1,940 $ - $ 1,940 $ 1,940 $ 290,000 Total Other Sources/(Uses) $ 1,940 $ - $ 1,940 $ 1,940 $ 290,000 Excess Revenues/(Expenditures) $ 91,337 $ 105,120 $ (13,107) $ 92,013 $ 377,473 10 Davenport Road South Community Development District Proposed Budget Amenity Capital Reserve Adopted Actuals Projected Description FBYu2d0g2e6t 1/T3h1r/u26 8 MNoenxtths P9r/oT3jhe0rc/ut2e6d PFBrYou2pd0og2see7td ICRnaetrvereryne Fsutoe rsward Surplus $$ -- $$ 2 8 ,8 39167 $$ 6 -34 $$ 2 8 , 899561 $$ 1 7 , 083590 Total Revenues $ - $ 29,214 $ 634 $ 29,848 $ 17,889 Expenditures CGeonnetirnagle Rnecpyairs & Maintenance $$ -- $$ 1 2 ,7 -09 $$ 1 -00 $$ 1 2 , 710090 $$ 5 , 010000 Total Expenditures $ - $ 12,709 $ 100 $ 12,809 $ 5,100 Other Sources/(Uses) Transfer In/(Out) $ - $ - $ - $ - $ 2,000 Total Other Sources/(Uses) $ - $ - $ - $ - $ 2,000 Excess Revenues/(Expenditures) $ - $ 16,505 $ 534 $ 17,039 $ 14,789 11