THE	CROSSINGS
at,�...........,.,.	1�
COMMUNITY DEVELOPMENT DISTRICT

-·
ADOPTED BUDGET
FY2018

Thursday, July 27, 2017

Presented by:

TH�E"9C�ROS�SdaHdINGS
COMMUNITY DEVELOPMENT DISTRICT

TABLE OF CONTENTS

General Fund

Budget
Budget Narrative Reserve Fund
Budget
Budget Narrative Debt Service

2014A/1,A/2,A/3
2014A/1-Amortization Schedule 2014A/2 -Amortization Schedule 2014A/3 -Amortization Schedule
Water/Sewer Fund Budget
Budget Narrative Golf Fund
Budget
Budget Narrative
Swim & Tennis Fund Budget
Budget Narrative

Page 1
Page 2-6

Page 7
Page 8

Page 9
Page 10
Page 11
Page 12

Page 13-14
Page 15-18

Page 19-20
Page 21-24

Page 25

Page 26-27

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GENERAL FUND

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT

GENERAL FUND
FY2018

ADOPTED FY2017

ACTUAL THRU

TOTAL	PROPOSED PROJECTED AT		FY2018

ADOPTED FY2018

CHANGES

$0

REVENUES:

BUDGET

  6130/2017 

 	9/3012017	 	BUDGET	

     BUDGET    	 	

$0

$0

Special Assessment	$2,296,745	$2,478,305	$2,478,305	$2,931,456	$2,931,456		
Special Assessment - Direct	$188,768	$43,655	$188,768	$0	$0		$0	
BoaURV Storage Fees	$95,000	$69,971	$95,000	$95,000	$95,000			
Interest Income	$2,500	$19,114	$18,680	$18,000	$18,000			
Rental Income/Internet	$2,680	$2,010	$3,126	$2,680	$2,680			
TOTAL REVENUES	$2,585,693	$2,613,055	 	$2,783,879 	$3,047,136	$3,047,136		 	$0 	
EXPENDITURES:								
ADMINISTRATIVE:								
Supervisors Fees	$21,000	$9,400	$21,000	$21,000	$21,000		$0	
FICA	$1,607	$719	$1,607	$1,607	$1,607		$0	
Engineering	$5,000	$2,266	$5,000	$5,000	$5,000			
Dissemination Agent	$1,000	$1,300	$1,300	$1,300	$1,300	$0	
Arbitrage	$3,600	$583	$3,600	$3,600	$3,600		
Attorney Fees	$29,478	$19,816	$29,478	$30,362	$30,362		
Audit	$4,335	$5,359	$5,359	$3,612	$3,612			
Trustee Fees	$13,500	$10,878	$10,878	$11,000	$11,000	$0	
Management Fees	$114,330	$85,748	$114,300	$117,729	$117,729		
Computer Time	$1,000	$750	$1,000	$1,000	$1,000		
Telephone	$300		$300	$300	$300			

Postage	$2,600
Printing & Binding	$2,100
Insurance	$56,530
Legal Advertising	$3,500
Other Current Charges	$8,000

$175

Office Supplies	$1,250
Dues, Licenses, Subscriptions

MAINTENANCE:

Landscape Maintenance - Contract	$763,859 Landscape Maintenance - Contingency		$50,000 Lake Maintenance/Contract Admin		$79,000
Cost Sharing Agreement	$8,000
Facility/Preventative Maintenance	$95,000
Utilities	$120,000
Operating Reserves	$42,139
Security	$9,000
Contingencies	$0

TOTAL EXPENDITURES	$1,436,302
OTHER SOURCES/(USES):

$0

lnterfund Transfer ln/(Out) - SBA Reseiv,		$0 lnterfund Transfer Out - Swim & Tennis	($1,149,391) lnterfund Transfer Out - Golf Course		$0

$2,314

$91

$3,228
$53,221
$2,541
$3,653
$1,152
$175

$572,667
$32,214
$60,525
$2,030
$58,007
$84,230
$0
$1,534
$126

$1,014,526

$1,440,272 ($670,478) ($109,660)

$2,600	$2,600
$2,100	$2,100
$53,221	$62,000
$3,500	$3,600
$8,000	$8,250
$1,250	$1,300
$175	$175

$763,859	$806,775
$50,000	$80,000
$79,000	$83,038
$8,000	$13,000
$95,000	$150,000
$120,000	$131,000
$0	$0
$10,534	$16,158
$126	$0

$1,391,187	$1,556,506

$1,440,272	($54,000)
($1,245,173)	($1,286,630)
($109,660)	($150,000)

$2,600
$2,100
$62,000
$3,600
$8,250
$1,300
$175

$806,775
$80,000
$83,038
$13,000
$150,000
$131,000
$0
$16,158
$0

$1,556,506

($54,000)
($1,286,630) ($150,000)

$0

$0

$0
$0

$0
$0

$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0

 	$0 

($1,490,630)

 	    	$0  	 	     		 	      	

TOTAL OTHER	($1,149,391)

Assigned Fund Balance	 	($0)

$660,134

  $2,258,662 

$85,438	($1,490,630)

 	$1,478,130 	$0

 	$0 

 	$0 

$0

Page 1

The Crossings at Fleming Island
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2018

REVENUES:

Special Assessments
The District will levy a Non Ad Valorem assessment on all the platted lots within the District to pay all of the operating expenses for the Fiscal Year in accordance with the adopted budget.
BoaVRV Storage Fees
The District collects fees from Residents to securely store Boats and RVs.
Interest Income

Interest income on funds in operating account and excess funds in the State Board of Administration.
Rental Income

The District entered into an Agreement with Tree Amigos to lease office space. The rent is
$200 per month. Tree Amigos also pays a portion of the monthly internet expense.

EXPENDITURES:

Administrative:
Supervisor Fees/FICA
The District anticipates 21 meetings per year with all five board members in attendance and each receiving $200.00 per meeting plus payroll taxes.
Engineering
The District's engineering firm, Hadden and Land Engineering, will be providing general engineering services to the District, including attendance and preparation for monthly board meetings, review invoices, etc.
Dissemination Agent

The District has contracted with GMS, LLC to act as the 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.

2

The Crossings at Fleming Island
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2018

Arbitrage
The District is required to have an Arbitrage Rebate Calculation on the District's Series 2014 A1/A2 and A3 Special Assessment Revenue Refunding Bonds.
Attorney
The District's legal counsel, Kopelousos, Bradley & Garrison, P.A., will be providing general legal services to the District, including attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.
Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District is currently contracted with McDirmit Davis & Company, LLC for the audit engagement.
Trustee
The District's Series 2014 A1/A2, and A3 Special Assessment Revenue Refunding Bonds are held by a Trustee at U.S. Bank. The amount represents the fee for the administration of the District's bond issue.
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC.
Computer Time

The District processes all of its financial activities, including accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services, LLC.
Travel & Per Diem
This represents funds to reimburse Supervisors and Employees for District related Travel and Meals.
Telephone
This item includes telephone and fax service.
Postage
This item includes mailing of agenda packages, overnight deliveries, correspondence, etc.

3

The Crossings at Fleming Island
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2018

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Insurance

The District's General Liability & Public Officials Liability and Property Insurance policies are with Egis Insurance and Risk Advisors. They specialize in providing insurance coverage to governmental agencies. This expense is shared with the General Fund and the Golf Course Fund.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings etc with Clay Today.
Other Current Charges
Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies
This item includes the cost of 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.

Maintenance
Landscape Maintenance - Contract

The District is currently contracted with Tree Amigos Outdoor Services for the Landscape of the Districts common areas. The cost of the contract for FY2018 is $67,231.25 per month, or
$806,775 annually. The services include:

•Landscaping - mowing, edging, trash removal, trimming and pruning or trees and group cover, fertilizing and clean up and removing of storm damage debris
•Flower Bed Maintenance - maintaining approx. 79 flower beds including fertilizing, mulching, insect control, replacing and spraying beds
•Irrigation Maintenance - inspection, cleaning and repairs of all irrigation components. A monthly irrigation inspection, repair and replacement of system parts
•Weed & Insect Control - insecticide applications lawns and shrubs to control insect, period inspections for insects and disease

•Architectural Review Committee - contractor will be familiar with all ARC restrictions and comply with those stated in the ARC Rules and Regulations

4

The Crossings at Fleming Island
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2018

Landscape Maintenance - Contingencv
This category represents any additional landscaping work needed that is outside the scope of the contract with Tree Amigos.
Lake Maintenance/Contract Admin
Lake Doctors provides aquatic pond maintenance, dock repairs and maintenance, lake signage maintenance. Line item also includes contract administrative services provided by Governmental Management Services, LLC.
Cost Sharing Agreement

Maintenance costs other than utilities paid to The Stone Creek HOA for upkeep of CDD property.
Facilitv Preventative Maintenance

Cost of routine repairs and maintenance of the District's common areas.
Utilities

Includes the following utility accounts held by the District:
•Comcast - internet service
•Clay Electric Cooperative - electric service for the Eagle Harbor CDD Office
•CCUA - water service for the Eagle Harbor CDD Office

Security

Cost of security personnel and operation of security cameras.

Other Sources/(Uses)
lnterfund Transfer Out- Swim & Tennis

The Board has agreed to an annual subsidy to the Swim & Tennis Fund to cover operations.

5

UtilitySchedule - General Fund

FY2017
Account#

Service Address

Avg.
Monthly Avg. Annual

25

42

552520-9	2425 Country Side Dr	$	$	299	
765868-5	1522-1 Brookstrone Dr	$	23	$	290	
765874-3	1928-1 Eagle Harbor Parkway	$	49	$	608	
765875-0	2088-1 Eagle Harbor Parkway	$	117	$	1,465	
765877-6	1909 Eagle Harbor Parkway	$	27	$	340	
765878-4	1619 Misty Lake Drive	$	199	$	2,482	
765880-0	1992-1 Eagle Harbor Parkway	$	93	$	1,159	
765881-8	1302-1 Oak Landing Lane	$	26	$	320	
765883-4	1542 Linkside Drive	$	$	521	
765884-2	1245 Forest Park Drive	$	$	
765886-7	1320-1 South Shore Dr	$	$	284	
765887-5	1229 Salt Marsh	$	$	285	
765888-3	4312 Lake Shore Dr East	$	$	1,683	
765889-1	4486-1 Lakeshore Dr E	$	101	$	1,255	
765891-7	2327-1 Marsh Landing Ct	$	$	381	
765892-S	1995-1 Vista Lakes Dr	$	36	$	447	
765895-8	4523 Lakeshore Dr E	$	100	$	1,246	
7658966	1687-1 Lakeshore Drive N	$	31	$	
765896-6	1687-1 Lakeshore Dr N	$	453	$	5,649	
765901-4	1760-1 Cross Pine Drive	$	$	285	
765902-2	1709-2 Cross Pines Drive	$	$	282	
765904-8	2291-1 Old Pine Trail	$	23	$	282	
765906-3	2286-2 Trailwood Drive	$	$	386	
765908-9	1709-1 Cross Pines Drive	$	$	282	
765909-7	2234 Eagle Harbor Parkway	$	54	$	676	
765912-1	2402 Daniels Landing Dr	$	24	$	
765913-9	3460-1 Manard Branch ct	$	35	$	434	
765914-7	2486-1 Stoney Glen Irrigation	$	23	$	287	
765915-4	Eagle Harbor Pkwy Lighting	$	2,293	$	28,618	
765916-2	1796-2 Eagle HBr on 17 at Fountain	$	706	$	8,810	
765918-8	1812-1 Eagle Creek Dr	$	26	$	
767568-9	1880 Eagle Harbor Parkway	$	$	7,126	
809222-3	2105 Harbor Lake Drive	$	$	1,853	

Clay Electric

794

23
135

383

294

571
149

87

00120031	1880 Eagle Harbor Parkway	$	418	$	5,018	
00120061	1850 Eagle Harbor Parkway Fountains	$	354	$	4,251	
00120251	1778 Fiddler's Ridge Dr Reel Irr	$	150	$	1!804	
00120311	1909 Eagle Harbor Parkway	$	$	1,047	
00120321	4312 Lakeshore Drive E	$	$	
00120531	4523 Lakeshore Drive	$	74	$	893	
00120541	2105 Harbor Lake Drive	$	$	1,137	
00120591	Entrace to Brookstone Irr	$	242	$	2,904	
00130319	1501 Brookstone Dr Irr	$	70	$	840	
00159869	1775 Eage Harbor Parkway Irr	$	128	$	1,533	
00159887	Entrace to The Preserves Irr	$	228	$	2,742	
00178790	2286-2 Trai1wood Dr Reel Irr	$	$	3,783	
00178791	1779-1 Cross Pine Dr Reel Irr	$	141	$	1,691	
00178792	2298-1 Old Pine Trail Reel Irr	$	101	$	1,213	
00186015	1229-1 Salt Marsh Lane Irr	$	135	$	1,626	
00188477	1709-2 Cross Pine Drive Reel Irr	$	$	691	
00195643	2331-1 Old Pine Trail Reel Irr	$	62	$	
00195645	1743-1 Cross Pines Dr Reel Irr	$	$	
00199911	2366-1 Old Pine Trail Reel lrr	$	66	$	787	
00200394	1812-1 Eagle Creek Dr Reel Irr	$	249	$	2,986	
00201898	2694-1 Country Side Dr Reel Irr	$	58	$	698	
00202868	2638-1 Country Side Dr Reel Irr	$	57	$	679	
00204041	2411-1 Country Side Dr Reel Irr	$	$	763	
00204042	2424-2 Country Side Dr Reel Irr	$	129	$	1,544	
00204151	1852-1 Eagle Creek Dr Reel Irr	$	$	702	
00218768	2552-1 Country Side Dr Reel Irr	$	$	1,022	
00229743	1961-lSummit Ridge Rd Red Irr	$	59	$	706	
00231981	1612-1 Lake Terrace Lane Irr	$	150	$	1,805	
00534466	1719 Eagle Crest Drive Irrigation	$	$	2,313	
00541849	732 Water Oak Lane Irrigation	$	302	$	3,623	
	6548 Bahia Road Irrigation	$	176	$	2,110	
00544400	2090 Arden Forest Place Irrigation	$	150	$	1,800	
00544687	1848 Town Center Irrigation	$	125	$	1,500	
		$	4,700	$	56,397	
Contingency	$	5,000	
TOTAL	$ 131,232	

Clay County UtilityAuthority

69,835

674

315

64

00541850

Page 6

RESERVE FUND

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT

RESERVE

FY2018

  	 	

REVENUES:

ADOPTED FY2016 BUDGET

ACTUAL THRU 6/30/2017

TOTAL PROJECTED AT
 	9/30/2017	

ADOPTED FY2018
 	BUDGET	

Special Assessments - Tax Collector	$316,644 Special Assessments - Direct
Insurance Proceeds	$0

$316,644	 	$376,301

$377,205

$764,224

$135

TOTAL REVENUES

$315,740
$5,561
$55,000

$316,644

$5,561

$55,000

$764,224
$0
$0

 	
EXPENDITURES:		
Capital Outlay	$316,394	$189,478	$316,394	$763,974	
Other Current Charges	$250		$270	$250	
TOTAL EXPENDITURES	$316,644	$189,613	$316,664	$764,224	
ASSIGNED FUND BALANCE	$186,688	$60,541		$0	

Page 7

The Crossings at Fleming Island
Community Development District
RESERVE BUDGET
Fiscal Year 2018

REVENUES:

Maintenance Assessments

The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all of the Capital Outlay expenses for the Fiscal Year in accordance with the adopted budget

EXPENDITURES:

Capital Out/av
At the Board of Supervisor's discretion, funds will be used to complete capital projects.
Other Current Charges
Bank charges and any other miscellaneous expenses incurred during the year.

Page 8

--, --, --, --, --, --, --, --,

DEBT SERVICE
FUND

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT

DEBT SERVICE FUND
Series  2014 A/1, A/2, A/3

FY2018

 	

REVENUES:	Series 2014
A/1		Series
2014
A/2		Series 2014
A/3		ADOPTED FY2018
 	BUDGET		

Special Assessments - Tax Collector	
$2,560,633		
$382,716		
$414,288		
$3,357,637	
Interest Income	$0		$0		$0		$0	
Carry Forward Surplus	$544,749		$150,158		$203,802		$637,584	
TOTAL REVENUES	$3,105,382		$532,874		$618,090		$3,995,221	
EXPENDITURES:								
Interest Expense - 11/1	$423,884		$117,250		$157,625		$698,759	
Principal Expense - 5/1	$1,260,000		$165,000		$70,000		$1,495,000	
Interest Expense - 5/1	$423,884		$117,250		$157,625		$698,759	
TOTAL EXPENDITURES	$2,107,769		$399,500		$385,250		$2,892,519	

EXCESS REVENUES (EXPENDITURES)	
 	$997,613		
 	$133,374		
 	$232,840		
 	$1,102,703	
					
11/1/18 Interest:
A/1		
$409,709	
					A/2		$111,475	
					A/3		$155,350	
							$676,534	

Page 9

THE CROSSINGS AT FLEMING ISLAND
COMMUNITY DEVELOPMENT DISTRICT	Series 2014 A/1, Special Assessment Refunding Bonds
Amortization  Schedule

PRINCIPAL
DATE	BALANCE	RATE	INTEREST	PRINCIPAL	TOTAL
 	 	  	 	
1-May-16	$	23,275,000	1.500%	$	443,884.38	$	1,225,000.00
1-Nov-16	$	22,050,000	1.750%	$	434,734.38	$ 2,103,618,76
1-May-17	$	22,050,000	1.750%	$	434,734.38	$	1,240,000.00
1-Nov-17	$	20,810,000	2.250%	$	423,884.38	$ 2,098,618.76
1-May-18	$	20,810,000	2.250%	$	423,884.38	$	1,260,000,00
1-Nov-18	$	19,550,000	2.250%	$	409,709.38	$ 2,093,593.76
1-May-19	$	19,550,000	2.250%	$	409,709.38	$	1,295,000.00
1-Nov-19	$	18,255,000	2.250%	$	392,712.50	$ 2,097,421.88
1-May-20	$	18,255,000	2.250%	$	392,712.50	$	1,335,000,00
1-Nov-20	$	16,920,000	4.000%	$	366,012,50	$ 2,093,725.00

1-May-21	$	16,920,000	4.000%	$	366,012.50	$	1,390,000,00
1-Nov-21	$	15,530,000	4.000%	$	338,212.50	$ 2,094,225.00
1-May-22	$	15,530,000	4.000%	$	338,212.50	$	1,450,000.00
1-Nov-22	$	14,080,000	4.000%	$	309,212.50	$ 2,097,425.00
1-May-23	$	14,080,000	4.000%	$	309,212,50	$	1,510,000,00
1-Nov-23	$	12,570,000	4.000%	$	279,012,50	$ 2,098,225.00

1-May-24	$	12,570,000	4.000%	$	279,012,50	$	1,570,000,00
1-Nov-24	$	11,000,000	4.000%	$	247,612,50	$ 2,096,625.00
1-May-25	$	11,000,000	4.500%	$	247,612.50	$	1,635,000.00
1-Nov-25	$	9,365,000	4.500%	$	210,825.00	$ 2,093,437.50
1-May-26	$	9,365,000	4.500%	$	210,825,00	$	1,710,000,00
1-Nov-26	$	7,655,000	4.500%	$	172,350,00	$ 2,093,175,00
1-May-27	$	7,655,000	4.500%	$	172,350,00	$	1,785,000,00
1-Nov-27	$	5,870,000	4,500%	$	132,075.00	$ 2,089,425.00
1-May-28	$	5,870,000	4.500%	$	132,075.00	$	1,870,000.00
1-Nov-28	$	4,000,000	4.500%	$	90,000,00	$ 2,092,075,00
1-May-29	$	4,000,000	4.500%	$	90,000.00	$	1,955,000,00
1-Nov-29	$	2,045,000	4.500%	$	46,012.50	$ 2,091,012.50
1-May-30	$	2,045,000	4.500%	$	46,012,50	$	2,045,000,00	$ 2,091,012.50

  $ 8,148,615.66	 $ 23,275,000,00	 $ 31,423,615,66 

**Revised after $5,000 call on 5/1/16.

Page 10

THE CROSSINGS AT FLEMING ISLAND
COMMUNITY DEVELOPMENT DISTRICT	Series 2014 Af2, Special Assessment Refunding Bonds
Amortization Schedule

PRINCIPAL
 	DATE		 	BALANCE		 RATE	 	INTEREST		 	PRINCIPAL		 	TOTAL	
1-May-16	$	3,700,000	7.000%	$	129,500.00	$	185,000.00
1-Nov-16	$	3,515,000	7.000%	$	123,025.00	$	437,525.00
1-May-17	$	3,515,000	7.000%	$	123,025.00	$	155,000.00
1-Nov-17	$	3,360,000	7.000%	$	117,600.00	$	395,625.00
1 -May-18	$	3,360,000	7.000%	$	117,600.00	$	165,000.00
1-Nov-18	$	3,195,000	7.000%	$	111 ,825.00	$	394,425.00
1-May-19	$	3,195,000	7.000%	$	111 ,825.00	$	175,000.00
1-Nov-19	$	3,020,000	7.000%	$	105,700.00	$	392,525.00
1-May-20	$	3,020,000	7.000%	$	105,700.00	$	1 90,000.00
1-Nov-20	$	2,830,000	7.000%	$	99,050.00	$	394,750.00
1-May-21	$	2,830,000	7.000%	$	99,050.00	$	200,000.00
1-Nov-21	$	2,630,000	7.000%	$	92,050.00	$	391 ,100.00
1-May-22	$	2,630,000	7.000%	$	92,050.00	$	215,000.00
1-Nov-22	$	2,415,000	7.000%	$	84,525.00	$	391,575.00

1-May-23	$	2,415,000	7.000%	$	84,525.00	$	235,000.00
1-Nov-23	$	2,180,000	7.000%	$	76,300.00	$	395,825.00
1-May-24	$	2,180,000	7.000%	$	76,300.00	$	250,000.00
1-Nov-24	$	1,930,000	7.000%	$	67,550.00	$	393,850.00
1-May-25	$	1,930,000	7.000%	$	67,550.00	$	270,000.00
1 -Nov-25	$	1,660,000	7.000%	$	58,100.00	$	395,650.00
1-May-26	$	1,660,000	7.000%	$	58,100.00	$	285,000.00
1-Nov-26	$	1 ,375,000	7.000%	$	48,125.00	$	391,225.00
1-May-27	$	1, 375,000	7.000%	$	48,125.00	$	310,000.00
1-Nov-27	$	1,065,000	7.000%	$	37,275.00	$	395,400.00
1-May-28	$	1 ,065,000	7.000%	$	37,275.00	$	330,000.00
1-Nov-28	$	735,000	7.000%	$	25,725.00	$	393,000.00
1-May-29	$	735,000	7.000%	$	25,725.00	$	355,000.00
1-Nov-29	$	380,000	7.000%	$	13,300.00	$	394,025.00

  $	5,949,800.00

1-May-30	$	380,000	7.000%	$	13,300.00	$	380,000.00	$	393,300.00

  $ 2,249,800.00	 $	3,700,000.00 

**Revised after $40,000 call on 5/1/16.

Page 11 

THE CROSSINGS AT FLEMING ISLAND
COMMUNITY DEVELOPMENT DISTRICT	Series 2014 N3, Special Assessment Refunding Bonds

Amortization  Schedule

     DATE			PRINCIPAL
 	BALANCE			
   RATE 		
 	INTEREST			
 	PRINCIPAL			
 	TOTAL		
1-May-16	$	5,015,000	6.500%	$	162,987.50	$	65,000.00		
1-Nov-16	$	4,950,000	6.500%	$	160,875.00		$	388,862.50	
1-May-17	$	4,950,000	6.500%	$	160,875.00	$	65,000.00		
1-Nov-17
1-May-18	$	4,885,000
$	4,885,000	6.500%
6.500%	$	158,762.50
$	158,762.50	$	384,637.50
$	70,000.00	
1-Nov-18
1-May-19	$	4,815,000
$	4,815,000	6.500%
6.500%	$	156,487.50
$	156,487.50	$	75,000.00	$	385,250.00	
1-Nov-19	$	4,740,000	6.500%	$	154,050.00		$	385,537.50	
1-May-20	$	4,740,000	6.500%	$	154,050.00	$	80,000.00		
1-Nov-20		$	4,660,000		6.500%		$	151 ,450.00				$	385,500.00	
1-May-21	$	4,660,000	6.500%	$	151 ,450.00	$	85,000.00	
1-Nov-21		$	4,575,000		6.500%		$	148,687.50				$	385,137.50	
1-May 22	$	4,575,000	6.500%	$	148,687.50	$	90,000.00	
1-Nov-22		$	4,485,000		6.500%		$	145,762.50				$	384,450.00	
1-May-23	$	4,485,000	6.500%	$	145,762.50	$	95,000.00		
1-Nov-23	$	4,390,000	6.500%	$	142,675.00		$	383,437.50	
1-May-24	$	4,390,000	6.500%	$	142,675.00	$	100,000.00		
1-Nov-24		$	4,290,000		6.500%		$	1 39,425.00				$	382,100.00	
1-May-25	$	4,290,000	6.500%	$	1 39,425.00	$	110,000.00		
1-Nov 25 	$	4,180,000	6.500%	$	1 35,850.00		$	385,275.00	
1-May-26	$	4,180,000	6.500%	$	1 35,850.00	$	11 5,000.00		
1-Nov-26	$	4,065,000	6.500%	$	132,112.50		$	382,962.50	
1-May-27	$	4,065,000	6.500%	$	132,112.50	$	1 25,000.00		
1-Nov-27	$	3,940,000	6.500%	$	1 28,050.00		$	385,162.50	
1-May-28	$	3,940,000	6.500%	$	128,050.00	$	1 30,000.00		
1-Nov-28	$	3,810,000	6.500%	$	123,825.00		$	381,875.00	
1-May-29	$	3,810,000	6.500%	$	123,825.00	$	140,000.00		
1-Nov-29	$	3,670,000	6.500%	$	119,275.00		$	383,100.00	
1-May-30	$	3,670,000	6.500%	$	11 9,275.00	$	1 50,000.00		
1-Nov-30	$	3,520,000	6.500%	$	114,400.00		$	383,675.00	
1-May-31	$	3,520,000	6.500%	$	11 4,400.00	$	1 60,000.00		
1-Nov 31	$	3,360,000	6.500%	$	109,200.00		$	383,600.00	
1-May-32	$	3,360,000	6.500%	$	1 09,200.00	$	1 70,000.00		
1-Nov-32	$	3,190,000	6.500%	$	1 03,675.00		$	382,875.00	
1-May-33	$	3,190,000	6.500%	$	1 03,675.00	$	180,000.00		
1-Nov-33	$	3,010,000	6.500%	$	97,825.00		$	381,500.00	
1-May-34	$	3,010,000	6.500%	$	97,825.00	$	195,000.00		
1-Nov-34	$	2,815,000	6.500%	$	91 ,487.50		$	384,312.50	
1-May-35	$	2,815,000	6.500%	$	91 ,487.50	$	205,000.00		
1-Nov-35	$	2,610,000	6.500%	$	84,825.00		$	381,312.50	
1-May-36	$	2,610,000	6.500%	$	84,825.00	$	220,000.00		
1-Nov-36	$	2,390,000	6.500%	$	77,675.00		$	382,500.00	
1-May-37	$	2,390,000	6.500%	$	77,675.00	$	235,000.00		
1-Nov 37	$	2,155,000	6.500%	$	70,037.50		$	382,712.50	
1-May-38	$	2,1 55,000	6.500%	$	70,037.50	$	250,000.00		
1-Nov-38	$	1, 905,000	6.500%	$	61,91 2.50		$	381,950.00	
1-May-39	$	1 ,905,000	6.500%	$	61 ,912.50	$	270,000.00		
1-Nov-39	$	1 ,635,000	6.500%	$	53,1 37.50		$	385,050.00	
1-May-40	$	1 ,635,000	6.500%	$	53,137.50	$	285,000.00		
1-Nov-40	$	1 ,350,000	6.500%	$	43,875.00		$	382,012.50	
1-May-41	$	1,350,000	6.500%	$	43,875.00	$	305,000.00		
1-Nov-41	$	1,045,000	6.500%	$	33,962.50		$	382,837.50	
1-May-42	$	1 ,045,000	6.500%	$	33,962.50	$	325,000.00		
1-Nov-42	$	720,000	6.500%	$	23,400.00		$	382,362.50	
1-May 43	$	720,000	6.500%	$	23,400.00	$	350,000.00		
1-Nov-43	$	370,000	6.500%	$	12,025.00		$	385,425.00	
1-May-44	$	370,000	6.500%	$	1 2,025.00	$	370,000.00	$	382,025.00	
  $ 6,112,437.50 		  $ 5,015,000.00 		  $ 11 ,127,437.50 	

..Revised after$365,000 can on 1 1/1/15.

Page 12 

'
'
WATER/SEWER
FUND

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT

WATER/SEWER FUND
FY2018 

	ADOPTED FY2017	ACTUAL
THRU		TOTAL
PROJECTED AT		PROPOSED
FY2018 		ADOPTED
FY2018 		CHANGES	
	BUDGET	    6/30/2017 		 	9/30/2017			    BUDGET 		     BUDGET 		 		
REVENUES:											
Water Revenue	$1 ,000,000	$826,905		$1,1 02,540		$1 ,000,000		$1 ,000,000		$0	
Wastewater Revenue	$1 ,830,000	$1,426,140		$1 ,901,521		$1 ,830,000		$1 ,830,000		$0	
Reclaimed Water Revenue	$650,000	$575,955		$767,940		$650,000		$650,000		$0	
Admin Fees for W/S Operation	$11 5,000	$68,134		$90,845		$0		$0		$0	
Debt Capacity Charge	$2,030,000	$1 ,450,423		$1 ,933,897		$1 ,781 ,705		$1,781 ,705		$0	
Interest/Misc. Income	$3,000	$22,377		$29,835		$3,000		$3,000		$0	
TOTAL REVENUES	$5,628,000	$4,369,934		$5,826,579		$5,264,705		$5,264,705		$0	
EXPENDITURES:

Engineering	$1,000	$1 ,000		$1,000	$1, 000	$0	
Dissemination Agent	$1 ,000	$583	$778	$1,000	$1 ,000	$0	
Attorney Fees	$23,786	$17,802	$23,737	$24,500	$24,500	$0	
Annual Audit	$2,810	$2,871	$3,828	$2,224	$2,224	$0	
Trustee Fees	$8,500	$6,352	$8,469	$8,500	$8,500	$0	
Management Fees	$57,165	$42,874	$57,165	$58,880	$58,880	$0	
Computer Time	$500		$500	$500	$500	$0	
Travel & Per Diem	$500	$0	$0		$500		$500		$0	
Postage	$1 ,000	$228	$304		$350		$350		$0	
Printing & Binding	$500	$0	$0		$500		$500		$0	
Insurance	$36,083	$33,622	$44,829		$36,500		$36,500		$0	
Legal Advertising	$1 ,000	$2,831	$3,774		$1 ,000		$1 ,000		$0	
Office Supplies	$300	$0	$0		$0		$0		$0	
Other Current Charges	$10,000	$10,125	$13,500		$1 0,000		$10,000		$0	
WA TERIWASTEWA TERIREUSE:										
Service Charges	$65,000	$50,095	$66,793		$65,000		$65,000		$0	
Meter Expenses	$1 ,500	$323	$430		$1 ,000		$1 ,000		$0	
Purchased Water	$1 ,025,000	$889,449	$1,185,932		$1 ,000,000		$1 ,000,000		$0	
Treated Wastewater	$1 ,830,000	$1 ,426, 1 40	$1 ,901,521		$1 ,830,000		$1 ,830,000		$0	
Alternative Water Supply	$41 ,960	$32,437	$43,249		$41 ,960		$41 ,960		$0	
Purchased Reclaimed Water	$145,000	$126,847	$169,129		$143,000		$143,000		$0	
Repairs & Maintenance	$35,000	$8,361	$1 1,147		$1 5,000		$15,000		$0	
Electric	$25,000	$29,205	$38,940		$35,000		$35,000		$0	
Capital Outlay	$5,000	$0	$0		$5,000		$5,000		$0	
Contingency	$10,000	$8,736	$11 ,648		$1 0,000		$1 0,000		$0	
TOTAL OPERATING EXPENSES	$3,327,604	$2,690,255	$3,587,007		$3,291,414		    $3,291 ,414		 	$0 	
DEBT SERVICE:										
Interest Expense - 4/1	$580,522	$1 ,230,561	$1 ,230,561		$446,184		$446,1 84		$0	
Principal Expense - 1 0/1	$720,000	$226,080	$720,000		$850,000		$850,000		$0	
Interest Expense - 1 0/1	$580,522	$0	$580,522		$446,184		$446, 184		$0	
Cost of Issuance	$0	$1 ,058,706	$1 ,058,706		$0		$0		$0	
lnterfund Transfer Out	$0	$1 ,440,272	$1 ,440,272		$0		$0		$0	
TOTAL DEBT SERVICE	$1,881,044	$3,955,619	$5,030,061		$1 ,742,369		    $1,742,368 		 	$0 	
TOTAL EXPENSES	$5,208,648	$6,645,874	$8,61 7,068		$5,033,783		$5,033,782		$0	
EXCESS REVENUES (EXPENDITURES)	 	$419,352 	($2,275,940)	($2,790,490)		$230,922		 	$230,923		$0	
Debt Service Coverage (115%)	122%				11 3%					
		Page 13 								

ADMINISTRATIVE:

$1 ,333

$375

THE CROSSINGS AT FLEMING ISLAND	Series 2016, Utility Refunding Bonds COMMUNITY DEVELOPMENT DISTRICT		Amortization Schedule

PRINCIPAL

1-Apr-17	$	24,045,000	$	236,127.67	$	
1-Oct-17	$	24,045,000	$	452,159.38	$	635,000.00	$ 1,323,287.05	
1-Apr-18	$	23,410,000	$	446,184.38	$	
1-Oct-18	$	23,410,000	$	446,184.38	$	850,000.00	$ 1,742,368.76	
1-Apr 19	$	22,560,000	$	437,559.38	$	
1-Oct-19	$	22,560,000	$	437,559.38	$	865,000.00	$ 1,740,118.76	
1-Apr-20	$	21,695,000	$	428,294.38	$	
1-Oct-20	$	21,695,000	$	428,294.38	$	885,000.00	$ 1,741,588.76	
1-Apr-21	$	20,810,000	$	417,719.38	$	
1-Oct-21	$	20,810,000	$	417,719.38	$	905,000.00	$ 1,740,438.76	
1-Apr-22	$	19,905,000	$	405,600.63	$	
1-Oct-22	$	19,905,000	$	405,600.63	$	930,000.00	$ 1,741,201.26	
1-Apr-23	$	18,975,000	$	391,828.76	$	
1-Oct-23	$	18,975,000	$	391,828.76	$	960,000.00	$ 1,743,657.52	
1-Apr-24	$	18,015,000	$	376,547.51	$	
1-Oct-24	$	18,015,000	$	376,547.51	$	985,000.00	$ 1,738,095.02	
1-Apr-25	$	17,030,000	$	359,827.51	$	
1-Oct-25	$	17,030,000	$	359,827.51	$	1,020,000.00	$ 1,739,655.02	
1-Apr-26	$	16,010,000	$	341,737.51	$	
1-Oct-26	$	16,010,000	$	341,737.51	$	1,060,000.00	$ 1,743,475.02	
1-Apr-27	$	14,950,000	$	322,375.01	$	
1-Oct-27	$	14,950,000	$	322,375.01	$	1,095,000.00	$ 1,739,750.02	
1-Apr-28	$	13,855,000	$	300,671.88	$	
1-Oct-28	$	13,855,000	$	300,671.88	$	1,140,000.00	$ 1,741,343.76	
1-Apr-29	$	12,715,000	$	277,729.38	$	
1-Oct-29	$	12,715,000	$	277,729.38	$	1,185,000.00	$ 1,740,458.76	
1-Apr-30	$	11,530,000	$	252,529.38	$	
1-Ocl-30	$	11,530,000	$	252,529.38	$	1,235,000.00	$ 1,740,058.76	
1-Apr-31	$	10,295,000	$	226,254.38	$	
1-Oct-31	$	10,295,000	$	226,254.38	$	1,290,000.00	$ 1,742,508.76	
1-Apr-32	$	9,005,000	$	198,804.38	$	
1-Oct-32	$	9,005,000	$	198,804.38	$	1,345,000.00	$ 1,742,608.76	
1-Apr-33	$	7,660,000	$	170,179.38	$	
1-Oct-33	$	7,660,000	$	170,179.38	$	1,405,000.00	$ 1,745,358.76	
1-Apr-34	$	6,255,000	$	138,986.25	$	
1-Oct-34	$	6,255,000	$	138,986.25	$	1,465,000.00	$ 1,742,972.50	
1-Apr-35	$	4,790,000	$	106,440.63	$	
1-Oct-35	$	4,790,000	$	106,440.63	$	1,525,000.00	$ 1,737,881.26	
1-Apr-36	$	3,265,000	$	72,565.63	$	
1-Oct-36	$	3,265,000	$	72,565.63	$	1,595,000.00	$ 1,740,131.26	
1-Apr-37	$	1,670,000	$	37,128.13	$	
1-Oct-37	$	1,670,000	  $	37,128.13 	  $	1,670,000.00 	  $ 1,744,256.26 	
		  $	12,106,214.79 	  $ 24,045,000.00 	  $ 36,151,214.79 	

DATE		BALANCE		INTEREST		PRINCIPAL		TOTAL 27-Dec-16	$		24,045,000	$		$		$

Page 14

The Crossings at Fleming Island
Community Development District
WATER/SEWER FUND BUDGET
Fiscal Year 2018

REVENUES:

Water Revenue
The estimated amount that will be billed to users of the potable water system of the District based upon average monthly consumption, current utility rates in effect and projected number of users during the fiscal year. The billing is handled by Clay County Utility Authority.
Wastewater Revenue
The estimated amount that will be billed to users of the wastewater system of the District based upon average monthly consumption, current utility rates in effect and projected number of users during the fiscal year.
Reuse Water Revenue
The estimated amount that will be billed to users of the reuse water system of the District based upon average monthly consumption, current utility rates in effect and projected number of users during the fiscal year.

Admin Fees for WIS Operation
Represents services charges to water customers for returned checks or credit card transactions.
Debt Capacity Charge
A monthly charge established for the purpose of providing sufficient revenues to pay the annual net debt service requirements for the amortization of the District's special revenue bonds for the construction of the water distribution, wastewater collection and effluent reuse system.

Page 15 

The Crossings at Fleming Island
Community Development District
WATER/SEWER FUND BUDGET
Fiscal Year 2018

EXPENDITURES:

Administrative:

Engineering
The District's engineering firm, Hadden and Land Engineering, will be providing general engineering services to the District, including attendance and preparation for monthly board meetings, review invoices, etc.

Arbitrage
The District is required to have an Arbitrage Rebate Calculation on the District's Series 2007 Utility Refunding Bonds.

Dissemination Agent

The District has contracted with GMS, LLC, to act as the Dissemination Agent for the District to prepare the Annual Disclosure Report required by the Security and Exchange Commission in order to comply with Rule 1 5(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Attorney
The District's legal counsel, Kopelousos, Bradley & Garrison, P.A., will be providing general legal services to the District, including attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc. This expense is shared with the General.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District is currently contracted with McDirmit Davis & Company LLC for the audit engagement. This expense is shared with the General Fund and the Golf Course Fund.

Trustee
The District's Series 2016 Utility Refunding Bonds are held by a Trustee at U.S. Bank. The amount represents the fee for the administration of the District's bond issue.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. This expense is shared with the General Fund.

Page 16

The Crossings at Fleming Island
Community Development District
WATER/SEWER FUND BUDGET
Fiscal Year 2018

Computer Time
The District processes all of its financial activities, including accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services, LLC. This expense is shared with the General Fund.

Travel & Per Diem

This represents funds to reimburse Supervisors and Employees for District related Travel and Meals.

Postage

This item includes mailing of agenda packages, overnight deliveries, correspondence, etc.
Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.
Insurance

The District's General Liability & Public Officials Liability and Property Insurance policies are with Egis Insurance and Risk Advisors. They specialize in providing insurance coverage to governmental agencies. This expense is shared with the General Fund and the Golf Course Fund.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings etc with Clay Today.
Office Supplies
This item includes the cost of miscellaneous office supplies.
Other Current Charges
Bank charges and any other miscellaneous expenses incurred during the year.

Water/Wastewater/Reuse
Service Charges

This represents miscellaneous repairs associated with the Water system operation and maintenance performed by Clay County Utility Authority and utilities paid under the Stonecreek HOA cost sharing agreement.

Page 17 

The Crossings at Fleming Island
Community Development District
WATER/SEWER FUND BUDGET
Fiscal Year 2018

Rate Studies

This District contracted with Public Resources Management Group to perform a Utility Revenue Sufficiency Analysis.
Meter Expenses

This category represents the cost of a domestic meter being set by Clay County Utility Authority.
Purchased Water
This represents the cost of bulk water purchased from Clay County Utility Authority.
Wastewater Treatment Expense

This represents the cost of bulk wastewater purchased from Clay County Utility Authority.
Purchased Reclaimed Water

This represents the cost of bulk reclaimed water purchased from Clay County Utility Authority.
Repairs & Maintenance
Represents any repairs and maintenance cost the District may incur.
Electric
The District has an account with Clay Electric Cooperative for service at 4567 Lakeshore Drive East.

Capital Out/av
Includes any miscellaneous capital expenditures the District may incur during the Fiscal Year.

Debt Service

The District issued $24,650,000 of Series 2016 Utility Refunding Bonds. The following is the annual principal and interest expense due on these bonds for the next fiscal year:

Interest Expense - 4/1/18	$564,321 .88	
Principal Expense - 1 0/1 /18 Interest Expense - 1 0/1/18	$750,000.00
$561 ,321 .88	
Total	$1 ,878,643.76	
Page 18 

GOLF FUND

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT
AMENDED
FY2017

 
ACTUAL	TOTAL
THRU	PROJECTED AT

PROPOSED
FY2018

GOLF FUND

ADOPTED
FY2018 BUDGET	

$375, 115 
$857, 113 
$1,336,891
$37,431
$55,411 
$48,700	
$2,710,661	

$545,735
$2,1 64,926

$1 ,066,882
$27,996
$206,921
$5,200
$1 ,000
$2,154

$5,400
$30,609
$68,475
$20,043
$23,762
$12,545
$87,057
$2,874
$866
$1 ,200
$86,323
$40,232
$1 3,707
$16,763
$4,843
$6,319
$1 1 ,838
$51,000
$47,000
$15,000
$1 ,466
$3,160
$0
$0
$50,189
$0
$5,280
$86,400
$207,702
$27,600
$25,960
$20,958
$23,100
$2,460
$3,264	
$2,313,596	
{$148,671)

$0
$1 50,000 ($325,000) ($91,410)
($91,410)
$0
$0
$0	
1$357,820\	
1$506,491\	

FY2018

CHANGES

REVENUES:

     BUDGET 

 	6/30/2017		 	9/30/2017	

 BUDGET	 	

User Fees - Dues	$474,605
Greens/Cart Fees	$911,1 39
Merchandise/Food/Beverage Sale	$1 ,533,922
Rental Revenue	$46,480
Membership Income - Other Fees	$42,996
Miscellaneous Income	$42,898

TOTAL REVENUES	 $3,052,040 
COST OF GOODS SOLD:
Cost of Goods Sold	$696,420
GROSS PROFIT	 $2,355,620 
EXPENDITURES:
OperatingExpenses:
Salaries	$1 ,254,969
Commissions & Bonuses	$27,996
Employee Expenses	$221,679
Employee Uniforms	$5,250

$430

Travel & Per Diem	$1,513
Training
Employee Advertising	$0
Janitorial Expense/Supplies	$8,641
Tournaments & Events	$38,097
Centralized Services	$77,872
Course & Grounds Maintenance	$116,900
Repairs � Equipment	$27,019
Repairs � Buildings	$8,140
Operating Supplies	$45,748
Office Supplies	$2,915
Postage	$306
Printing & Reproduction	$92
Utility Services	$79,830
Gas/Oil/Propane	$37,914
Refuse & Potables	$16,325
Telephone/T1  Line	$23,995
Security/Pest Control	$4,349
Music & Cable Seivice	$7,600
Dues and Subscriptions	$6,886
Chemicals	$49,000
Fertilizer - Course	$37,950
Sand, Seed & Dressing	$34,500
Small Tools	$1 ,900
Licenses/Permits
Cash Short/Over	$0
Miscellaneous	$7,200
Trustee Fees/Bank Charges	$49,389 Shrinkage		$0
Aerification	$6,700
Management Fees - Hampton	$86,400
Rentals & Leases	$216,000
Lake Maintenance	$27,600
Insurance	$23,848
Other Current Charges	$16,374
Management Fees - GMS	$22,100
Attorney Fees	$5,487
Audit	$5,417
TOTAL EXPENDITURES	$2,608,328

Net Operating Income:
Non-Oe_eratingExe_enses:
Other Income	$350
lnterfund Transfer In - GF	$0
Principal Expense - 10/1/17	($305,000)
Interest Expense - 10/1/17	($101 ,475)
Interest Expense - 4/1 /17	($101 ,475) Capita! Expenses		$0
Other Expenses	$0

($507,600)
($760,308)

Bond Assessment	$0
TOTAL NON-OPERATING
EXCESS REVENUES (EXPENDITURES)

$228,957	$345,546
$644,512	$832,091
$1,102,911	$1 ,302,780
$21 ,879	$36,932
$60,482	$44,376
$53,201	$54,809

 	$2,111 ,941	 	$2,616,535 

$450,459	$547,475
 	$1,661,482	 	$2,069,060 

$761,392	$1,021,559
$25,556	$31,592
$1 53,803	$191,211
$2,663	$4,186
$1 ,039	$1,039
$1,961	$1,294
$150	$50
$1,911	$5,481
$43,009	$34,970
$45,250	$73,663
$1 3,569	$16,504
$45,384	$51,944
$8,262	$1 0,774
$72,500	$68,499
$2,254	$2,959
$278	$389
$660	$702
$58,648	$86,257
$29,676	$40,232

$9,333

$8,501	$13,707
$11 ,067
$9,882	$8,625
$7,128	$7,616
$9,102	$10,476
$36,137	$51,010
$23,316	$46,486

$975

$5,616	$22,256
$424
$1 ,897	$3,338
$205	$168
$864	$4,464
$47,291	$53,219
$3,320	$1 ,366
$0	$6,700
$64,947	$86,547
$145,590	$198,001
$20,700	$27,600
$23,042	$25,451
$23,064	$23,135
$17,158	$22,433
$3,558	$6,754
($4,385)	$5,058

($63,172)

$1 ,724,654	$2,279,760 ($210,700)
$553	$600
$1 09,660	$1 09,660
($213,750)	($305,000)
($101 ,475)	($110,880)
($64,845)	($1 10,880)
($16,843)	($16,843)
$0
$0	$0
($286,700)	($433,343} ($349,872)
Page 19 

$375, 115 
$857, 113 
$1,336,891
$37,431
$55,411
$48,700

    $2,710,661 

$545,735
   $2,164,926 

$1 ,066,882
$27,996
$206,921
$5,200
$1 ,000
$2,154
$50
$5,400
$30,609
$68,475
$20,043
$23,762
$12,545
$87,057
$2,874
$866
$1 ,200
$86,323
$40,232
$13,707
$16,763
$4,843
$6,319
$11 ,838
$51,000
$47,000
$15,000
$1 ,466
$3,160
$0
$0
$50,189
$0
$5,280
$86,400
$207,702
$27,600
$25,960
$20,958
$23,100
$2,460
$3,264
$2,313,596

{$148,671}

$0
$1 50,000 ($325,000) ($91,410)
($91,410)
$0

$0 ($357,820}

($506,491)

$0
$0
$0
$0
$0
$0

 	$0 

$0
 	$0 

$0

$0
$0
$0
$0

$0

$0

$0

$0

$0

$0
$0

$0

$0

$0
$0
$0
$0

$0
$0

$0
$0

$0

$0
$0

$0

 	$0 

 	$0 

$0

$0
$0
$0

$0

$0

$0
 	$0 
$0

THE CROSSINGS AT FLEMING ISLAND

COMMUNITY DEVELOPMENT DISTRICT

Series 1999, Golf Course Revenue Bonds
Amortization Schedule

 	

 	DATE			PRINCIPAL
 	BALANCE			
   RATE 		
 	INTEREST			
 	PRINCIPAL			
    TOTAL	
	
	1-Apr 05	$	5,535,000	6.600%	$	1 82,655.00	$			
	1-0ct-05	$	5,535,000	6.600%	$	1 82,655.00	$	140,000.00	$	505,310.00		
	1 Apr-06	$	5,395,000	6.600%	$	178,035.00	$			
	1-0ct-06	$	5,395,000	6.600%	$	178,035.00	$	150,000.00	$	506,070.00		
	1 Apr-07	$	5,245,000	6.600%	$	173,085.00	$			
	1-0ct-07	$	5,245,000	6.600%	$	173,085.00	$	160,000.00	$	506, 1 70.00		
	1 Apr 08	$	5,085,000	6.600%	$	167,805.00	$			
	1-0ct-08	$	5,085,000	6.600%	$	167,805.00	$	170,000.00	$	505,610.00		
	1-Apr-09	$	4,91 5,000	6.600%	$	162,195.00	$			
	1-0ct-09	$	4,91 5,000	6.600%	$	162,195.00	$	180,000.00	$	504,390.00		
	1 -Apr-10	$	4,735,000	6.600%	$	156,255.00	$			
	1-0ct-10	$	4,735,000	6.600%	$	156,255.00	$	1 95,000.00	$	507,510.00		
	1 Apr 11 	$	4,540,000	6.600%	$	149,820.00	$			
	1-0ct-1 1	$	4,540,000	6.600%	$	149,820.00	$	205,000.00	$	504,640.00		
	1-Apr-12	$	4,335,000	6.600%	$	143,055.00	$			
	1-0ct-12	$	4,335,000	6.600%	$	143,055.00	$	220,000.00	$	506,110.00		
	1-Apr 13 	$	4,11 5,000	6.600%	$	1 35,795.00	$			
	1-0ct-13	$	4,115,000	6.600%	$	1 35,795.00	$	235,000.00	$	506,590.00		
	1 Apr 14 	$	3,880,000	6.600%	$	128,040.00	$			
	1-0ct-14	$	3,880,000	6.600%	$	128,040.00	$	250,000.00	$	506,080.00		
	1-Apr-15	$	3,630,000	6.600%	$	119,790.00	$			
	1-0ct-15	$	3,630,000	6.600%	$	119,790.00	$	270,000.00	$	509,580.00		
	1-Apr 16 	$	3,360,000	6.600%	$	110,880.00	$			
	1-0ct 16 	$	3,360,000	6.600%	$	110,880.00	$	285,000.00	$	506,760.00		
	1-Apr-17	$	3,075,000	6.600%	$	101 ,475.00	$			
	1-0ct 17	$	3,075,000	6.600%	$	101 ,475.00	$	305,000.00	$	507,950.00		
	1 Apr 18 	$	2,770,000	6.600%	$	91 ,410.00	$			
	1 -0ct-18	$	2,770,000	6.600%	$	91 ,410.00	$	325,000.00	$	507,820.00		
	1-Apr-19	$	2,445,000	6.600%	$	80,685.00	$			
	1-0ct-1 9	$	2,445,000	6.600%	$	80,685.00	$	345,000.00	$	506,370.00		
	1-Apr 20	$	2,100,000	6.600%	$	69,300.00	$			
	1-0ct-20	$	2,100,000	6.600%	$	69,300.00	$	370,000.00	$	508,600.00		
	1-Apr 21 	$	1, 730,000	6.600%	$	57,090.00	$			
	1-Apr-21	$	1,730,000	6.600%	$	57,090.00	$	390,000.00	$	504,180.00		
	1-Apr-22	$	1, 340,000	6.600%	$	44,220.00	$			
	1-0ct-22	$	1,340,000	6.600%	$	44,220.00	$	420,000.00	$	508,440.00		
	1 Apr 23	$	920,000	6.600%	$	30,360.00	$			
	1-0ct-23	$	920,000	6.600%	$	30,360.00	$	445,000.00	$	505,720.00		
	1-Apr-24	$	475,000	6.600%	$	15,675.00	$			
		$	475,000	6.600%	$	15,675.00	$	475,000.00	$	506,350.00		
  $ 4,595,250.00 		  $ 5,535,000.00 		  $ 10,130,250.00 	

Page 20

Golf Fund

Revenues:
User Fees-Dues: Green/Cart Fees:
Merchandise/Food/ Beverage Sales:
Rental Revenue:
Membership Income Other Fees:
Miscellaneous Income:

Expenditures:
Salaries:

Employee Expenses:

Employee Uniforms: Automobile Expenses: Travel & Per Diem: Training:
Janitorial Expense: Janitorial Supplies: Tournament & Events:

Patron membership dues for all categories Green and Cart fee revenues
Golf Shop merchandise sales and all F&B sales (Food, N/A Beverage, Beer/Wine, and Liquor)
Room rentals and golf club rentals
Patron Trail Fees, Handicap dues, and Range Dues

Cart repair income, Lesson income, Finance charges, and Daily range fees

Salaried and hourly full time and part time employee's wages for the Golf Operations, Maintenance, Food and Beverage, and Administrative.
Payroll expenses (Taxes, Workers Comp, Health Insurance, and 401K)
Staff unifmms for all departments Registration and maintenance of work truck
Mileage reimbursement and work related travel Training seminars for staff.
Janitorial service Janitorial supplies
Member and Resident events (Trivia Night, Invitational tournament, etc)

Page 21 

Centralized Services:

Course & Grounds

Two T-1 lines, Marketing association fees (Fl 1 st Coast of Golt), Media buys (Golfers Guide), Email marketing, Newsletter, CSC office to book tee times (shared labor costs) , Promotional advertising, Graphic art work, centralized accounting services.

Maintenance:	Golf course and irrigation repairs
Repairs - Equipment:	Equipment repairs for Golf, F&B, and Maintenance
equipment.
Repairs - Buildings:	Repairs to buildings
Operating Supplies:	Supplies for Golf(Tees, Towels, Practice Balls), F&B
(Linen, Serving Equipment, Paper Supplies), Maintenance Supplies
Office Supplies:	Paper, Envelopes, Register Receipts, etc. Postage:	Stamps

Printing and Reproduction:	Stationary and letterhead Utility Services:	Electric and Water & Sewer
Gas/Oil/Propane:	F&B Propane, Gas, Diesel, and Hydraulic Oil Refuse and Portables:	Waste removal service
Telephone:	Maintenance Internet, telephone and admin telephone Other Contractual Services:	Alarm and Pest Control services, Aerification contractor

Music service:
Dues and Subscriptions: Chemicals:
Sand, Seed and Dressing: Small Tools: Licenses/Pennits:

Music system for the clubhouse
Comcast, FSGA handicap dues, PGA dues, etc Golf course chemicals
Over seed, Top dressing, Divot sand, and Mulch Hedge Trimmers, Weed Eaters, Chain Saws, etc Food and Beverage licenses, ASCAP, SESAC
Page 22

Bad Debt Expense:	Write offs for non-recoverable income Cash Short/Over:	Point of sale drawers balance
Trustee Fees/Bank Charges: Credit card commissions and Trustee charges Fertilizer - Course	Golf course fertilizers
Management Fees	Golf Club management fees (Hampton) (Hampton Golf):
Rentals and Leases:	Cart fleet, Maintenance equipment, Dishwasher, Irrigation
computer and Copier
Insurance:	Liability and Property insurance Other Cun-ent Charges:	Real Estate taxes
Professional Fees:	Auditing and attorney fees Management Fees (OMS):	Management Fees for OMS
Lake Maintenance:	Treatment of lakes on GC for algae and weeds

Non-Operating Expenses

Inter-fund Transfer In: Principle Expense: Interest Expenses:

CDD Assessments
Golf Bond Principal Payment Interest on the Golf Bond

Page 23

The Crossings at Fleming Island CDD
Golf Fund FY2016-2020 Budget Five Year Capital Plan

Fiscal Year	Capital Budget

2016	$	50,000	
2017 	$	40,000	
2018 	$	40,000	
2019 	$	40,000	
2020	$	40,000	

Page 24

SWIM & TENNIS FUND

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT

SWIM & TENNIS FUND

FY2018

  	 	 	

ADOPTED FY2017
 	BUDGET	

REVENUES:
User Fees	$110,830
Lesson Income	$180,000
CDD Lesson Income	$25,000
Merchandise/Food/Beverage Sale	$109,198

TOTAL  REVENUES	 	$425,028 

COST OF GOODS SOLD:
Costof Goods Sold	$60,483

ACTUAL		TOTAL THRU	PROJECTED AT
    6/30/2017	 	9/30/2017	

$63,801	$96,023
$118,355	$157,806
$19,175	$21,000
$62,958	$83,943

 	$264,289	 	$358,773 

$43,840	$47,000

PROPOSED FY2018
      BUDGET 

$86,000
$160,000
$21,000
$100,000

 	$367,000 

$50,000

CHANGES

ADOPTED
FY2018 BUDGET	

$86,000
$160,000
$21,000
$100,000	
$367,000	

$50,000
�317,000	

$745,720
$175,100
$2,500
$160,000
$65,000
$85,000
$10,000
$17,000
$31,000
$20,750
$16,000
$1,000
$120,510
$43,200
$2,000
$51,450
$2,400
$0
$0
$11,000
$5,700
$0
$37,080
$1,200
$20	
$1,603,630

$1,286,630
$0
$0	
$1,286,630	
$0	

 	

$0
$0
$0
$0

 	$0 

$0

GROSS PROFIT	 	

EXPENDITURES:
012.erating_ Exg_enses:

 	$�20,449	 	$311,773  	 		 	

Salaries	$724,000
Employee Expenses	$170,000
Employee Education and Training	$2,000
Lessons Paid Out	$180,000
Promotional Activities	$45,000
Repairs & Maintenance	$60,000
Other Contractual	$10,000
Communications and Freight	$16,500
Customer Service & Advertising	$30,000
Operating Supplies	$19,750
Office Supplies	$8,800
Printing & Binding	$600
Utility Services	$117,000
Gas/Oil/Propane	$23,200
Dues/Subscriptions	$2,000
Chemicals	$49,000
Licenses/Permits	$2,400
Shrinkage	$0
Cash Short/Over	$0
Trustee Fees	$10,966
Rentals/Leases/Misc	$5,500
Misc Expenses	$0
Management Fees - Hampton Golf	$36,000
Insurance	$1,200
Taxes	$20

Non-Og_erating_ /ncome/Exgenses:

TOTAL EXPENDITURES	$1,513,936

lnterfund Transfer In - GF	$1,149,391
Other Income	$0
Capital Expenses	$0

$0

$3,503

$0

$0

($45,340)

TOTAL NON-OPERATING	$1,149,391

EXCESS REVENUES (EXPENDITURES)

$481,845	$724,000
$87,960	$170,000
$3,347	$4,016
$118,650	$157,344
$47,040	$56,448
$75,772	$60,000
$5,540	$10,000
$11,359	$16,500
$19,085	$30,000
$22,322	$19,750
$18,983	$8,800
$0	$600
$82,440	$117,000
$18,075	$23,200
$1 ,768	$2,000
$40,416	$48,499
$3,440	$2,400
$819	$819
$87
$9,118	$12,157
$2,948	$5,600
$0	$0
$27,064	$36,000
$938	$1,251
$212	$282

$1 ,079,228	$1,506,754

$862,043	$1, 149,391
$239	$250
$0	$0

$862,282	$1,149,641

Page 25

$745,720
$175,100
$2,500
$160,000
$65,000
$85,000
$10,000
$17,000
$31,000
$20,750
$16,000
$1,000
$120,510
$43,200
$2,000
$51,450
$2,400
$0
$0
$11 ,000
$5,700
$0
$37,080
$1,200
$20

$1 ,603,630

$1,286,630
$0
$0

$1 ,286,630

$0

$0

$0

$0
$0

$0

$0

$0

$0
$0
$0

$0

$0
$0

$0

 	$0 

$0
$0
$0

 	$0 

Swim & Tennis Fund

Revenues:
User Fees:

Merchandise and F&B Sales: Roster & League Fees:
Expenditures: Operating Expenses: Salaries:

Employee Expenses: Management Fees (Hampton): Other Contractual:
Travel and Per Diem: Bad Debt Expense:
Communications and Freight: Utility Services:
Repairs and Maintenance:

Printing & Binding:
Promotional Activities:

Office Supplies: Operating Supplies:
Gas/Oil/Propane:

Pass Holder Income, Guest Fees, Lesson Income, Facility Rental, Activity Income and Finance charges
Tennis Merchandise sales and Snack Bar sales (Net of Cost of Goods Sold)
This income is generated from fees charged to residents who participate
on USTA, Country Club and other local leagues

Salaried and hourly full time and part time employee's wages for the
Swim, Tennis, Food and Beverage, Lifestyles, and Administrative

Payroll expenses (Taxes, Workers Comp, Health Insurance, and 401K)
Swim and Tennis management fees

Pest Control, Muzak, Alarm Service, and Employee Uniforms Mileage reimbursement and workrelated travel
Write offs for non-recoverable income

Telephone, Postage and Waste Removal Elecn·ic and Water & Sewer
Equipment repairs for Swim, Tennis and F&B. This also includes all building related repairs
Creating ofadvertising booklets for events
Promotion and event expenses for community events and Lifestyle events (Haunted Hayride, etc)
Paper, printer carn·idges, receipt paper, etc
Janitorial supplies, first aid equipment, miscellaneous Swim and Tennis supplies
Propane for the Snack Bar and Waterfront pool heaters Page 26

Books/Publications/Subs/ Memberships:
Centralized Services: Lessons Paid Out: Bank Expenses: Chemicals:
Licenses & Permits: Rentals & Leases: Insurance:

Answer Tech (Boat Storage) USPTA dues, CMAA dues, Sam's, etc

Two T-1  lines, Email marketing, Newsletter, centralized accounting

Lesson income paid to instructors Credit card commissions and bank fees Pool chemicals
Licenses and pool permits Rental equipment
Liability and property insurance

Non-Operating Income/Expenses:
Inter-fund Transfer In:	CDD Funds to operate the Swim & Tennis operation, overand
above revenues generated

Page 27