RESOLUTION 2021-11

WHEREAS, the Board of Supervisors, hereinafter referred to as the "Board", of the Crossings at Fleming Island Community Development District, hereinafter referred to as "District", adopted a Golf Fund Budget for Fiscal Year 2021, and

WHEREAS, the Board desires to reallocate funds budgeted to re-appropriate Revenues and Expenses approved during the Fiscal Year.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT TO THE FOLLOWING:
The Golf Fund Budget is hereby amended in accordance with Exhibit"A" attached.
This resolution shall become effective this 23rd day of September, 2021 and will be reflected in the monthly and Fiscal Year End 9 / 30 / 21 Financial Statements and Audit Report of the District.

Crossings at Fleming Island Community Development District

by:

Attest:

by:

Secretary / Assistant Secretary

RESOLUTION 2021-11

REVENUES:

AMENDED 1		PROPOSED	AMENDED 2 FY2021	INCREASE	FY2021
BUDGET	(DECREASE)	BUDGET

User Fees• Dues	$371,985	$33,511	$405,496	
Greens/Cart Fees	$1,138,535	$120,059	$1,258,594	
Tournament Golf Income	$96,501	($96,501)	$0	
Merchandise/Food/Beverage Sale	$1,464,131	$47,306	$1,511,437	
Rental Revenue	$21,426	$32,411	$53,837	
Membership Income • Other Fees	$4,332	$237	$4,569	
Miscellaneous Income	$85,180	($19,040)	$66,140	
Initiation Fees	$0	$4,500	$4,500	
Commissions Sales Tax	$0	$360	$360	
Sales Tax Collected	$219,468	$55,532	$275,000	
Gratuities Collected	$231,275	$68,725	$300,000	
Lessons Collected	$63,461	$36,539	$100,000	
Interest/Misc Income	$0	$9	$9	
TOTAL REVENUES	$3,696,294	$283,647	$3,979,941	

COST OF GOODS SOLD:				
Cost of Goods Sold	$636,787	$27,047	$663,834	
GROSS PROFIT	$3,059,507	$27,047	$3,316,107	

EXPENDITURES:	
012,erating_ Exeenses:

Salaries	$1,101,953	($27,549)	$1,074,403	
Commissions & Bonuses	$30,426	$4,943	$35,370	
Employee Expenses	$219,345	$10,977	$230,322	
Employee Uniforms	$4,430	$739	$5,169	
Travel & Per Diem	$1,667	($24)	$1,643	
Training	$2,000	($1,764)	$236	
Employee Advertising	$797	($355)	$442	
Janitorial Expense/Supplies	$24,765	$8,957	$33,722	
Tournaments & Events	$45,231	($1,202)	$44,029	
Centralized Services	$82,090	$5,472	$87,562	
Course  & Grounds Maintenance	$40,656	($9,551)	$31,105	
Repairs• Equipment	$39,106	$51,161	$90,268	
Repairs• Buildings	$15,897	($7,730)	$8,167	
Operating Supplies	$101,895	($32,758)	$69,136	
Demo Equipment Expense	$0	$790	$790	
Office Supplies	$2,778	$1,507	$4,285	
Postage	$434	($38)	$396	
Printing & Reproduction	$0	$789	$789	
Utility Services	$86,891	($13,123)	$73,768	
Gas/Oil/Propane	$33,763	($5,422)	$28,341	
Refuse & Potables	$28,624	($292)	$28,332	

Continued

AMENDED 1 FY2021
 	BUDGET		PROPOSED INCREASE (DECREASE)	AMENDED2 FY2021 BUDGET	

Telephone/T1 Line	$7,628	($1,451)	$6,177	
Security/Pest Control	$8,801	$12,518	$21,319	
Music & Cable Service	$12,588	$238	$12,827	
Dues and Subscriptions	$7,300	($1,916)	$5,384	
Chemicals	$46,621	$3,539	$50,160	
Fertilizer - Course	$47,065	$2,887	$49,952	
Sand, Seed & Dressing	$29,000	($1,636)	$27,364	
Small Tools	$0	$0	$0	
Licenses/Permits	$4,211	$1,731	$5,942	
Bad Debt Expense	$0	$5,833	$5,833	
Cash Short/Over	$0	($17)	($17)	
Miscellaneous	$3,193	($1,975)	$1,218	
other Services	$26,988	($17,738)	$9,250	
Trustee Fees/Bank Charges	$85,702	$4,399	$90,101	
Shrinkage	$0	$0	$0	
Aerification	$0	$0	$0	
Management Fees - Hampton	$86,400	($124)	$86,276	
Rentals & Leases	$226,395	$9,428	$235,822	
Lake Maintenance	$30,000	$0	$30,000	
Insurance	$25,560	$26,696	$52,256	
Other Current Charges	$29,640	$484	$30,124	
District Manager/Administrator	$38,500	($2,769)	$35,731	
District Attorney	$5,820	$1,026	$6,846	
Audit	$5,475	($175)	$5,300	
Non-recurring	$0	$38,442	$38,442	
Misc/Other	$0	$3,125	$3,125	
Sales Tax Collected	$219,468	$55,532	$275,000	
Gratuities Collected	$231,275	$68,725	$300,000	
Lessons Collected	$63,461	$36,539	$100,000	
TOTAL EXPENDITURES	 	$3,103,838	$228,867	$3,332,705 	
Net Operating Income:	($44,331)	$27,733	($16,598)	
Non-012.erating Ext2.enses:				
Principal Expense - 10/1	($390,000)	$0	($390,000)	
Interest Expense - 10/1	($57,090)	$0	($57,090)	
Interest Expense - 4/1	($57,090)	$0	($57,090)	
TOTAL NON-OPERATING	($504,180)	$0	($504,180)	
				
EXCESS REVENUES (EXPENDITURES)	($548,511)	$27,733	($520,778)