Adopted Budget
FY2023

Thursday, August 25, 2022

Presented by:

TABLE OF CONTENTS

General Fund

Budget	Page 1
Budget Narrative	Page 2-6

Reserve Fund

Budget	Page 7
Budget Narrative	Page 8

Debt Service

2014 A/1, A/2, A/3	Page 9
2014 A/1- Amortization Schedule	Page 10
2014 A/2 - Amortization Schedule	Page 11
2014 A/3 - Amortization Schedule	Page 12
2017 - Amortization Schedule	Page 13 Water/Sewer Fund
Budget	Page 14-15
Budget Narrative	Page 16-18

Golf Fund

Budget	Page 19-20
Budget Narrative	Page 21-24

Swim & Tennis Fund

Budget	Page 25-26
Budget Narrative	Page 26-27

General Fund

The Crossings at Fleming Island	GENERAL FUND COMMUNITY DEVELOPMENT DISTRICT		FY2023

	ADOPTED
FY2022		ACTUAL
THRU		TOTAL
PROJECTED AT		ADOPTED
FY2023	

REVENUES:		BUDGET				7/31/22				9/30/22				BUDGET		
Special Assessment	$2,931,456		$2,939,488		$2,939,488		$3,181,456	
Boat/RV Storage Fees	$92,000		$76,904		$92,000		$92,000	
Interest Income	$6,000		$18,314		$15,000		$6,000	
Misc/Newsletter Income	$0		$17,444		$30,000		$10,000	
Rental Income	$7,200		$5,183		$7,200		$7,200	
Carry Forward	$51,436		$0		$51,436		$26,835	
TOTAL REVENUES		$3,088,092 			$3,057,333 			$3,135,124 			$3,323,491 	
EXPENDITURES:								
ADMINISTRATIVE:								
Supervisors Fees	$15,000		$6,400		$15,000		$15,000	
PR Taxes/Workers Comp/PR Fees	$7,200		$6,750		$8,200		$8,200	
Engineering	$4,500		$0		$4,500		$4,500	
Arbitrage	$2,000		$1,100		$2,000		$2,000	
Dissemination Agent	$2,000		$1,667		$2,000		$2,000	
Assessment Roll	$17,500		$17,500		$17,500		$17,500	
District Attorney	$27,000		$22,602		$29,000		$29,000	
Litigation Counsel	$0		$30,929		$40,000		$20,000	
Audit	$4,000		$2,769		$4,000		$4,000	
Trustee Fees	$16,000		$13,991		$16,000		$16,000	
District Management/Adminstration	$99,000		$76,869		$99,000		$99,000	
Computer Time	$1,000		$833		$1,000		$1,000	
Telephone	$500		$307		$700		$700	
Postage	$1,500		$277		$400		$400	
Printing & Binding	$1,500		$766		$800		$800	
Insurance	$46,000		$50,000		$50,000		$60,000	
Legal Advertising	$1,000		$2,304		$1,000		$1,000	
Other Current Charges	$5,000		$3,555		$5,000		$5,000	
Office Supplies	$1,500		$161		$1,500		$1,500	
Dues, Licenses, Website	$20,000		$23,491		$30,000		$30,000	
MAINTENANCE:								
Landscape Maintenance	$820,000		$681,763		$852,004		$861,000	
Landscape Maintenance - Contingency	$120,000		$64,877		$120,000		$130,000	
Lake Maintenance	$72,000		$61,395		$72,000		$75,864	
Cost Sharing Agreement - Stone Creek	$13,000		$9,497		$13,000		$13,000	
Facility/Preventative Maintenance	$200,000		$166,692		$200,000		$215,000	
Utilities	$135,000		$107,032		$135,000		$145,000	
Security	$25,000		$22,754		$25,000		$45,000	
Operating Reserves	$20,642		$0		$0		$6,556	
TOTAL EXPENDITURES		$1,677,842 			$1,376,281 			$1,744,604 			$1,809,020 	
OTHER SOURCES/(USES):								
Interfund Transfer In/(Out) - SBA Reserve	($75,000)		$0		$0		$0	
Interfund Transfer Out - Swim & Tennis	($1,335,250)		($1,112,708)		($1,363,685)		($1,519,000)	
TOTAL OTHER		($1,410,250) 			($1,112,708) 			($1,363,685) 			($1,519,000) 	
Assigned Fund Balance		$0 			$568,344 			$26,835 			($4,529) 	

Page 1

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.

Boat/RV Storage Fees

The District collects fees from Residents for use of the Boat/RV/Trailer storage facility.

Interest Income

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

Usage Fee Income

The District collects a usage fee for certain office spaces in the District.

EXPENDITURES:
Administrative:

Supervisor Fees/FICA

The District anticipates 15 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 Engineering, will be providing general engineering services to the District.

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.

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.

Assessment Roll

Assessment Roll administrative services are provided by GMS, LLC for updating the districts’ tax roll, certifying the annual assessments and collection of prepaid assessments.

2

District Attorney

The District's legal counsel, Bradley, Garrison & Komando, 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, A3 and 2017 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.

District Management/Administration Fees

The District receives Management, Accounting and Administrative services from their CDD employed District Manager and as part of an Administrative 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.

Telephone

This item includes telephone and fax service.

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 Water/Sewer Fund and the Golf Course Fund.

3

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, Website & Newsletter

The District is required to pay an annual fee to the Department of Economic Opportunity for
$175. Also includes the cost to maintain ADA website and publish newsletter.

Maintenance

Landscape Maintenance

The District is currently contracted with Tree Amigos Outdoor Services for the Landscape of the Districts common areas.

Landscape Maintenance – Contingency

This category represents any additional landscaping work needed that is outside the scope of the contract with Tree Amigos.

Lake Maintenance

Lake Doctors provides aquatic pond maintenance.

Cost Sharing Agreement – Stone Creek

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

Facility Preventative Maintenance

Cost of routine repairs and maintenance of the District’s assets.

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

4

Security
Cost of security personnel and operation of security cameras.

Other Sources/(Uses)

Interfund Transfer Out – Swim & Tennis

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

5

Reserve Fund

The Crossings at Fleming Island	RESERVE
COMMUNITY DEVELOPMENT DISTRICT	FY2023

	ADOPTED FY2022		ACTUAL THRU		TOTAL PROJECTED AT		ADOPTED FY2023	

REVENUES:		BUDGET				7/31/22				9/30/22				BUDGET		
Special Assessments - Tax Collector	$764,224		$766,318		$769,337		$514,224	
Interest Income	$0		$2,974		$275		$0	
TOTAL REVENUES		$764,224 			$769,292 			$769,612 			$514,224 	

EXPENDITURES:								
Capital Outlay	$763,975		$435,824		$768,774		$513,724	
Other Current Charges	$250		$241		$500		$500	
TOTAL EXPENDITURES	$764,225		$436,065		$769,274		$514,224	

OTHER SOURCES/(USES):								
Interfund Transfer In	$0		$0		$0		$0	
TOTAL OTHER	$0		$0		$0		$0	
								
ASSIGNED FUND BALANCE	($0)		$333,227		$338		$0	

Page 7

The Crossings at Fleming Island
Community Development District
RESERVE BUDGET
Fiscal Year 2023

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 Outlay

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	DEBT SERVICE FUND
COMMUNITY DEVELOPMENT DISTRICT	Series 2014 A/1, A/2, A/3, Series 2017
FY2023

	Series		Series		Series		Series		ADOPTED	
	2014		2014		2014		2017		FY2023	
	A/1		A/2		A/3				BUDGET	
REVENUES:										

(1) Special Assessments - Tax Collector	
$2,157,298		
$400,700		
$381,397		
$67,073		
$3,006,468	
Carry Forward Surplus	$588,268		$0		$217,095		$34,145		$1,147,813	
TOTAL REVENUES	$2,745,566		$400,700		$598,492		$101,218		$4,154,282	

EXPENDITURES:										
Interest Expense - 11/1	$274,875		$76,825		$142,025		$22,856		$516,581	
Principal Expense - 5/1	$1,340,000		$210,000		$95,000		$20,000		$1,665,000	
Interest Expense - 5/1	$274,875		$76,825		$142,025		$22,856		$516,581	
TOTAL EXPENDITURES	$1,889,750		$363,650		$379,050		$65,713		$2,698,163	
										
EXCESS REVENUES (EXPENDITURES)	$855,816		$37,050		$219,442		$35,506		$1,456,119	

(1) A1 and A2 Assessments are combined					

11/1/23 Interest:					
					2014 A/1				$248,075	
					2014 A/2				$69,475	
					2014 A/3				$138,938	
					2017				$22,281	
									$478,769	

Page 9

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7K#>SK5T	N	QVM;666	MOQM6P	N	55;RMUO5M		N	56;666O66				
7K%HLK5T	N	QQM;666	MOQM6P	N	55;5R7O5M					N	UM;7TQOM6	
7K#>SK58	N	QQM;666	MOQM6P	N	55;5R7O5M		N	56;666O66				
7K%HLK58	N	QMM;666	MOQM6P	N	57;Q6UO5M					N	UT;VRQOM6	
7K#>SK5M	N	QMM;666	MOQM6P	N	57;Q6UO5M		N	56;666O66				
7K%HLK5M	N	QTM;666	MOQM6P	N	57;7T7O5M					N	U5;RTQOM6	
7K#>SK5U	N	QTM;666	MOQM6P	N	57;7T7O5M		N	56;666O66				
7K%HLK5U	N	Q7M;666	MOQM6P	N	56;MMUO5M					N	U7;URQOM6	
7K#>SK5Q	N	Q7M;666	MOQM6P	N	56;MMUO5M		N	5M;666O66				
7K%HLK5Q	N	UV6;666	MOQM6P	N	7V;RTQOM6					N	UM;TVTOQM	
7K#>SK5R	N	UV6;666	MOQM6P	N	7V;RTQOM6		N	5M;666O66				
7K%HLK5R	N	UUM;666	MOQM6P	N	7V;77ROQM					N	UT;VMUO5M	
7K#>SK5V	N	UUM;666	MOQM6P	N	7V;77ROQM		N	5M;666O66				
7K%HLK5V	N	U86;666	MOQM6P	N	7R;866O66					N	U5;M7ROQM	
7K#>SKT6	N	U86;666	MOQM6P	N	7R;866O66		N	T6;666O66				
7K%HLKT6	N	U76;666	MOQM6P	N	7Q;MTQOM6					N	UM;VTQOM6	
7K#>SKT7	N	U76;666	MOQM6P	N	7Q;MTQOM6		N	T6;666O66				
7K%HLKT7	N	MR6;666	MOQM6P	N	7U;UQMO66					N	U8;575OM6	
7K#>SKT5	N	MR6;666	MOQM6P	N	7U;UQMO66		N	T6;666O66				
7K%HLKT5	N	MM6;666	MOQM6P	N	7M;R75OM6					N	U5;8RQOM6	
7K#>SKTT	N	MM6;666	MOQM6P	N	7M;R75OM6		N	TM;666O66				
7K%HLKTT	N	M7M;666	MOQM6P	N	78;R6UO5M					N	UM;U7ROQM	
7K#>SKT8	N	M7M;666	MOQM6P	N	78;R6UO5M		N	TM;666O66				
7K%HLKT8	N	8R6;666	MOQM6P	N	7T;R66O66					N	UT;U6UO5M	
7K#>SKTM	N	8R6;666	MOQM6P	N	7T;R66O66		N	TM;666O66				
7K%HLKTM	N	88M;666	MOQM6P	N	75;QVTOQM					N	U7;MVTOQM	
7K#>SKTU	N	88M;666	MOQM6P	N	75;QVTOQM		N	86;666O66				
7K%HLKTU	N	86M;666	MOQM6P	N	77;U8TOQM					N	U8;8TQOM6	
7K#>SKTQ	N	86M;666	MOQM6P	N	77;U8TOQM		N	86;666O66				
7K%HLKTQ	N	TUM;666	MOQM6P	N	76;8VTOQM					N	U5;7TQOM6	
7K#>SKTR	N	TUM;666	MOQM6P	N	76;8VTOQM		N	8M;666O66				
7K%HLKTR	N	T56;666	MOQM6P	N	V;566O66					N	U8;UVTOQM	
7K#>SKTV	N	T56;666	MOQM6P	N	V;566O66		N	8M;666O66				
7K%HLKTV	N	5QM;666	MOQM6P	N	Q;V6UO5M					N	U5;76UO5M	
7K#>SK86	N	5QM;666	MOQM6P	N	Q;V6UO5M		N	M6;666O66				
7K%HLK86	N	55M;666	MOQM6P	N	U;8UROQM					N	U8;TQMO66	
7K#>SK87	N	55M;666	MOQM6P	N	U;8UROQM		N	M6;666O66				
7K%HLK87	N	7QM;666	MOQM6P	N	M;6T7O5M					N	U7;M66O66	
7K#>SK85	N	7QM;666	MOQM6P	N	M;6T7O5M		N	MM;666O66				
7K%HLK85	N	756;666	MOQM6P	N	T;8M6O66					N	UT;8R7O5M	
7K#>SK8T	N	756;666	MOQM6P	N	T;8M6O66		N	U6;666O66				
7K%HLK8T	N	U6;666	MOQM6P	N	7;Q5MO66					N	UM;7QMO66	
7K#>SK88	N	U6;666	MOQM6P	N	7;Q5MO66		N	U6;666O66		N	U7;Q5MO66	
				N	U8V;RVTOQM		N	R7M;666O66		N	7;8U8;RVTOQM	
!!"#$%&#' )*+*++												
					.>F1 7T							

Water/Sewer Fund

The Crossings at Fleming Island	WATER/SEWER FUND COMMUNITY DEVELOPMENT DISTRICT		FY2023

	ADOPTED FY2022		ACTUAL THRU		TOTAL PROJECTED AT		ADOPTED FY2023	

REVENUES:		BUDGET				7/31/22				9/30/22				BUDGET		
Water Revenue	$1,250,000		$1,081,811		$1,250,000		$1,275,000	
Wastewater Revenue	$2,140,000		$1,921,687		$2,140,000		$2,182,800	
Reclaimed Water Revenue	$810,000		$694,099		$810,000		$826,200	
Service Charges	$58,000		$43,701		$58,000		$59,160	
Debt Capacity Charge	$1,890,000		$1,611,440		$1,890,000		$1,900,000	
Interest/Misc. Income	$42,000		$54,189		$42,000		$45,000	
Carry Forward Surplus	$270,466		$270,466		$270,466		$344,120	
TOTAL REVENUES	$6,460,466		$5,677,394		$6,460,466		$6,632,280	
EXPENDITURES:								
ADMINISTRATIVE:								
Engineering	$1,500		$0		$1,500		$2,000	
Arbitrage	$1,650		$550		$1,650		$1,650	
Dissemination Agent	$1,000		$833		$1,000		$1,000	
District Attorney	$24,000		$19,338		$24,400		$24,000	
Annual Audit	$4,000		$2,769		$4,000		$4,000	
Trustee Fees	$8,500		$8,095		$8,095		$8,500	
District Manager/Administrator	$71,500		$59,358		$71,500		$73,500	
Computer Time	$1,000		$833		$1,000		$1,000	
Postage	$1,000		$536		$1,000		$1,000	
Insurance	$45,000		$50,000		$50,000		$55,000	
Legal Advertising	$1,000		$0		$1,000		$1,000	
Other Current Charges	$15,000		$14,067		$15,000		$15,000	
WATER/WASTEWATER/REUSE:								
Service Charges	$65,000		$43,701		$65,000		$67,750	
Meter Expenses	$1,000		$0		$1,000		$1,000	
Purchased Water	$1,360,000		$1,156,279		$1,360,000		$1,387,200	
Treated Wastewater	$2,150,000		$1,921,706		$2,150,000		$2,193,000	
Black Creek Charge	$0		$42,795		$50,000		$55,000	
Alternative Water Supply	$49,000		$43,452		$49,000		$54,000	
Purchased Reclaimed Water	$190,000		$183,578		$190,000		$200,000	
Repairs & Maintenance	$30,000		$5,320		$30,000		$35,000	
Electric	$35,000		$28,442		$35,000		$40,000	
Capital Outlay	$240,000		$283,683		$240,000		$255,000	
Contingency	$25,000		$0		$25,000		$25,000	
TOTAL OPERATING EXPENSES		$4,320,150 		  $3,865,335 			$4,375,145 			$4,500,600 	
DEBT SERVICE:								
Interest Expense - 4/1	$405,601		$405,601		$405,601		$391,829	
Principal Expense - 10/1	$930,000		$775,000		$930,000		$960,000	
Interest Expense - 10/1	$405,601		$270,401		$405,601		$391,829	
TOTAL DEBT SERVICE		$1,741,201 		  $1,451,002 			$1,741,201 			$1,743,658 	
TOTAL EXPENSES		$6,061,351 		  $5,316,337 			$6,116,346 			$6,244,258 	
EXCESS REVENUES (EXPENDITURES)		$399,115 			$361,057 			$344,120 			$388,022 	

Debt Service Coverage (115%)	
123%						
122%	

Page 14

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7K9<2K5Q	N	78;VM6;666	N	T55;TQMO67		N	K				
7K"=BK5Q	N	78;VM6;666	N	T55;TQMO67		N	7;6VM;666O66		N	7;QTV;QM6O65	
7K9<2K5R	N	7T;RMM;666	N	T66;UQ7ORR		N	K				
7K"=BK5R	N	7T;RMM;666	N	T66;UQ7ORR		N	7;786;666O66		N	7;Q87;T8TOQU	
7K9<2K5V	N	75;Q7M;666	N	5QQ;Q5VOTR		N	K				
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7K9<2KT6	N	77;MT6;666	N	5M5;M5VOTR		N	K				
7K"=BKT6	N	77;MT6;666	N	5M5;M5VOTR		N	7;5TM;666O66		N	7;Q86;6MROQU	
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7K9<2KTT	N	Q;UU6;666	N	7Q6;7QVOTR		N	K				
7K"=BKTT	N	Q;UU6;666	N	7Q6;7QVOTR		N	7;86M;666O66		N	7;Q8M;TMROQU	
7K9<2KT8	N	U;5MM;666	N	7TR;VRUO5M		N	K				
7K"=BKT8	N	U;5MM;666	N	7TR;VRUO5M		N	7;8UM;666O66		N	7;Q85;VQ5OM6	
7K9<2KTM	N	8;QV6;666	N	76U;886OUT		N	K				
7K"=BKTM	N	8;QV6;666	N	76U;886OUT		N	7;M5M;666O66		N	7;QTQ;RR7O5U	
7K9<2KTU	N	T;5UM;666	N	Q5;MUMOUT		N	K				
7K"=BKTU	N	T;5UM;666	N	Q5;MUMOUT		N	7;MVM;666O66		N	7;Q86;7T7O5U	
7K9<2KTQ	N	7;UQ6;666	N	TQ;75RO7T		N	K				
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			N	Q;VMR;875OQ6		N	7V;V6M;666O66		N	5Q;RUT;875OQ6	

.>F1 7M

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.

Service Charges	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.

EXPENDITURES:

Administrative:

Engineering	The District's engineering firm, Hadden Engineering, will be providing general engineering services to the District

Arbitrage	The District is required to have an Arbitrage Rebate Calculation on the District’s Series 2016 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 15(c)(2)- 12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Attorney	The District's legal counsel, Bradley, Garrison & Komando, 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.

Page 16

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 fee for the administration of the District’s 2016 Utility Refunding Bonds.

District Management/
Administration Fees  The District receives Management, Accounting and Administrative services from their CDD employed District Manager and Governmental Management Services, LLC. This expense is shared with the General Fund.

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.

Postage	This item includes mailing of agenda packages, overnight deliveries, correspondence, etc.

Insurance	The District's General Liability & Public Officials Liability and Property Insurance policies are with Egis Insurance and Risk Advisors. 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	Cost of miscellaneous office supplies.

Other Current Charges Bank charges and any other miscellaneous expenses

Water/Wastewater/Reuse:

Service Charges	This represents miscellaneous repairs associated with the Water system operation and maintenance performed by Clay County Utility Authority

Meter Expenses	Cost of a meter being set by Clay County Utility Authority. Purchased Water	Cost of bulk water purchased from Clay County Utility Authority. Treated Wastewater	Cost of treat wastewater by Clay County Utility Authority.
Alternative Water
Supply	$1 surcharge on all active water accounts billed by Clay County Utility Authority for the research of alternative water sources.

Purchased Reclaimed
Water	Cost of bulk reclaimed water purchased from Clay County Utility Authority.

Page 17

Repairs & Maintenance Cost for repairs and maintenance of CDD water related assets.
Electric		Clay Electric Cooperative for service at 4567 Lakeshore Drive East. Black Creek Surcharge	CCUA is collecting a surcharge to fund future costs of the utility with
SJRWMD Black Creek Water Resource Development Project.

Capital Outlay	Includes any miscellaneous water associated capital expenditures

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 – 4/1/23	$391,828.76	
Principal Expense – 10/1/23	$960,000.00	
Interest Expense – 10/1/23	$391,828.76	
Total	$1,743,657.52	

Page 18

Golf Fund

The Crossings at Fleming Island						GOLF FUND	
COMMUNITY DEVELOPMENT DISTRICT						FY2023	

AMENDED		ACTUAL		TOTAL		ADOPTED	
FY2022		THRU		PROJECTED AT		FY2023	
BUDGET		7/31/22		9/30/22		BUDGET	
REVENUES:							
User Fees - Dues	$408,000		$343,463		$391,000		$430,000	
Greens/Cart Fees	$1,485,000		$1,303,791		$1,275,000		$1,492,000	
Tournament Golf Income	$117,000		$0		$103,000		$74,681	
Merchandise/Food/Beverage  Sale	$1,634,000		$1,361,851		$1,591,060		$1,775,750	
Rental Revenue	$53,837		$83,576		$49,000		$70,000	
Membership Income - Other Fees	$6,000		$2,679		$4,400		$3,000	
Miscellaneous Income	$96,035		$80,029		$60,000		$60,000	
Initiation Fees	$0		$6,000		$6,000		$6,000	
Interest Income/Commissions	$0		$8		$15		$0	
Sales Tax/Gratuities/Lesson Income	$721,000		$300		$514,205		$514,205	

TOTAL REVENUES	$4,520,872		$3,181,698		$3,993,680		$4,425,636	
COST OF GOODS SOLD:							
Cost of Goods Sold	$695,000		$537,712		$685,000		$763,573	

GROSS PROFIT	$3,825,872		$2,643,986		$3,308,680		$3,662,063	

EXPENDITURES:							
Operating Expenses:							
Salaries	$1,365,500		$1,132,959		$1,283,000		$1,549,435	
Commissions & Bonuses	$56,234		$46,863		$24,000		$30,000	
Rental Commissions	$13,500		$0		$12,226		$12,500	
Employee Expenses	$282,000		$232,481		$270,000		$313,108	
Employee Uniforms	$5,450		$4,439		$5,000		$5,000	
Travel & Per Diem	$2,400		$2,337		$1,667		$2,000	
Training	$500		$16		$2,000		$500	
Employee Advertising	$1,000		$0		$797		$1,000	
Janitorial Expense/Supplies	$37,200		$27,062		$34,358		$38,400	
Tournaments & Events	$49,500		$31,084		$45,231		$45,500	
Centralized Services	$87,000		$78,637		$82,090		$83,000	
Course & Grounds Maintenance	$46,500		$30,903		$40,656		$51,250	
Repairs - Equipment	$39,000		$24,404		$39,106		$44,000	
Repairs - Buildings	$15,000		$3,317		$9,000		$15,000	
Operating Supplies	$95,526		$79,605		$75,000		$75,000	
Demo Equipment Expense	$0		$0		$790		$0	
Office Supplies	$3,500		$3,939		$3,500		$3,500	
Postage	$500		$227		$434		$500	
Printing & Reproduction	$1,000		$248		$1,000		$1,000	
Utility Services	$82,125		$67,678		$74,000		$74,000	
Gas/Oil/Propane	$40,000		$33,059		$30,000		$39,000	
Refuse & Potables	$28,000		$14,839		$28,624		$18,000	
Telephone/T1 Line	$7,700		$5,256		$7,628		$9,050	
Security/Pest Control	$22,000		$14,291		$22,000		$22,000	
Music & Cable Service	$13,200		$6,337		$12,000		$12,000	
Dues and Subscriptions	$7,300		$4,089		$7,300		$7,300	
Chemicals	$76,224		$63,521		$55,000		$71,500	
Fertilizer - Course	$54,500		$38,531		$50,000		$70,000	
Sand, Seed & Dressing	$37,200		$28,375		$34,000		$42,375	
Licenses/Permits	$4,300		$2,455		$4,211		$4,300	
Bad Debt Expense	$0		$0		$6,000		$0	
Cash Short/Over	$0		$201		$0		$0	
Miscellaneous	$4,700		$28		$4,700		$4,700	
Other Services	$8,000		$1,169		$7,896		$8,000	
Trustee Fees/Bank Charges	$101,000		$83,169		$83,840		$84,000	
Management Fees - Hampton	$86,400		$70,000		$86,400		$86,400	
Rentals & Leases	$230,667		$202,712		$230,667		$235,167	
Lake Maintenance	$30,000		$25,000		$30,000		$30,000	
Insurance	$51,600		$63,378		$51,600		$95,264	
Other Current Charges	$29,640		$29,580		$29,640		$32,000	
District Manager/Administrator	$38,500		$32,051		$38,500		$38,500	
District Attorney	$5,820		$8,557		$5,820		$5,820	
Audit	$2,000		$3,301		$1,917		$2,000	
Non-Recurring/Other/Prior Year	$0		($3,620)		$29,903		$0	
Equipment	$62,100		$61,329		$61,329		$0	
Sales Tax/Gratuities/Lesson Expense	$721,000		$0		$514,205		$514,205	

TOTAL EXPENDITURES	$3,845,286		$2,553,808		$3,437,035		$3,776,274	

							
Net Operating Income:	($19,414)		$90,178		($128,355)		($114,211)	

Non-Operating Expenses:							
Other Income	$0		$0		$0		$0	
Other Expenses	$0		($7,370)		($7,370)		$0	
Principal Expense - 10/1	($420,000)		($325,000)		($420,000)		($445,000)	
Interest Expense - 10/1	($44,220)		($44,220)		($44,220)		($30,360)	
Interest Expense - 4/1	($44,220)		($50,930)		($44,220)		($30,360)	

TOTAL NON-OPERATING	($508,440)		($427,520)		($515,810)		($505,720)	

							
EXCESS REVENUES (EXPENDITURES)	($527,854)		($337,342)		($644,165)		($619,931)	
  		
Page 19

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Page 20

GOLF FUND BUDGET
Fiscal Year 2023

Revenues:

User Fees-Dues:	Patron membership dues for all categories

Green/Cart Fees:	Green and Cart fee revenues

Merchandise/Food/	Golf Shop merchandise sales and all F&B sales (Food, N/A Beverage Sales: Beverage, Beer/Wine, and Liquor)

Rental Revenue:	Room rentals and golf club rentals

Membership Income	Patron Trail Fees, Handicap dues, and Range Dues Other Fees:

Miscellaneous Income:	Cart repair income, Lesson income, Finance charges, and Daily range fees

Expenditures:

Salaries:	Salaried and hourly full time and part time employee’s wages for the Golf Operations, Maintenance, Food and Beverage, and Administrative.

Employee Expenses:	Payroll expenses (Taxes, Workers Comp, Health Insurance, and 401K) Employee Uniforms:	Staff uniforms for all departments
Travel & Per Diem:	Mileage reimbursement and work related travel Training:	Training seminars for staff.
Janitorial Expense:	Janitorial service

Janitorial Supplies:	Janitorial supplies
Tournament & Events:	Member and Resident events (Trivia Night, Invitational tournament, etc) Centralized Services:	Marketing association fees (Fl 1st Coast of Golf), Media buys (Golfers Guide),
Email marketing, Newsletter, CSC office to book tee times (shared labor costs) ,
Promotional advertising, Graphic art work, centralized accounting services.

Page 21

Course & Grounds		
Maintenance:

Repairs – Equipment:	Golf course and irrigation repairs

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:	Music system for the clubhouse
Dues and Subscriptions:	Comcast, FSGA handicap dues, PGA dues, etc Chemicals:	Golf course chemicals
Sand, Seed and Dressing:	Over seed, Top dressing, Divot sand, and Mulch Small Tools:	Hedge Trimmers, Weed Eaters, Chain Saws, etc Licenses/Permits:	Food and Beverage licenses, ASCAP, SESAC Bad Debt Expense:	Write off’s for non-recoverable income
Cash Short/Over:	Point of sale drawers balance

Page 22

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 Current Charges:	Real Estate taxes District Attorney:	Attorney fees
District Management
/Administration:	District Manager and GMS, LLC fees.

Lake Maintenance:	Treatment of lakes on GC for algae and weeds Audit:	Audit fees

Non-Operating Expenses

Inter-fund Transfer In:	CDD Assessments

Principle Expense:	Golf Bond Principal Payment

Interest Expenses:	Interest on the Golf Bond

Page 23

The Crossings at Fleming Island CDD
Golf Fund FY2023-2027 Budget Five Year Capital Plan

Fiscal Year	Capital Budget

2023	$	250,000	
2024	$	250,000	
2025	$	250,000	
2026	$	250,000	
2027	$	250,000	

Page 24

Swim & Tennis Fund

The Crossings at Fleming Island	SWIM & TENNIS FUND COMMUNITY DEVELOPMENT DISTRICT		FY2023

	ADOPTED FY2022		ACTUAL THRU		TOTAL PROJECTED AT		ADOPTED FY2023	
	BUDGET		7/31/22		9/30/22		BUDGET	
REVENUES:								
User Fees	$65,000		$73,741		$65,000		$70,000	
Lesson Income	$157,500		$189,779		$190,000		$190,000	
CDD Lesson Income	$17,500		$13,259		$20,000		$20,000	
Merchandise/Food/Beverage Sale	$135,000		$159,884		$135,000		$135,000	
TOTAL REVENUES		$375,000 			$436,663 			$410,000 			$415,000 	
COST OF GOODS SOLD:								
Cost of Goods Sold	$103,000		$125,219		$103,000		$103,000	
GROSS PROFIT		$272,000 			$311,444 			$307,000 			$312,000 	
EXPENDITURES:								
Operating Expenses:								
Salaries	$765,000		$594,215		$765,000		$841,500	
Employee Expenses	$172,000		$151,060		$172,000		$202,000	
Employee Education and Training	$8,000		$5,991		$8,000		$8,000	
Lessons Paid Out	$157,500		$182,252		$190,000		$190,000	
Promotional Activities	$75,000		$79,730		$100,000		$100,000	
Activities & Events - Tennis			$8,128		$10,000		$10,000	
Communications and Freight	$15,000		$15,631		$15,000		$16,500	
Customer Service & Advertising	$8,000		$1,194		$8,000		$8,000	
Other Contractual	$25,000		$24,594		$25,000		$27,500	
Repairs & Maintenance	$60,000		$30,286		$60,000		$65,000	
Operating Supplies	$22,000		$24,475		$22,000		$24,000	
Office Supplies	$20,000		$7,724		$20,000		$22,000	
Printing & Binding	$0		$0		$0		$0	
Utility Services	$120,000		$114,336		$120,000		$130,000	
Gas/Oil/Propane	$21,000		$22,178		$21,000		$42,000	
Chemicals	$56,500		$40,562		$56,500		$62,250	
Licenses/Permits	$6,000		$2,387		$6,000		$6,000	
Shrinkage	$0		$0		$0		$0	
Cash Short/Over	$0		$59		$0		$0	
Trustee Fees	$15,250		$18,667		$15,250		$15,250	
District Manager/Administrator	$33,000		$32,203		$33,000		$33,000	
Insurance	$25,000		$25,000		$25,000		$25,000	
Taxes	$0		$68		$0		$0	
Audit	$3,000		$0		$3,000		$3,000	
TOTAL EXPENDITURES		$1,607,250 		  $1,380,741 			$1,674,750 			$1,831,000 	
Non-Operating Income/Expenses:								
Interfund Transfer In - GF	$1,335,250		$1,112,708		$1,363,685		$1,519,000	
Other Income	$0		$227		$250		$0	
Nonrecurring & Capital Expenses	$0		$0		$0		$0	
TOTAL NON-OPERATING		$1,335,250 		  $1,112,936 			$1,363,935 			$1,519,000 	
EXCESS REVENUES (EXPENDITURES)		$0 			$43,639 			($3,815) 			$0 	

Page 25

The Crossings at Fleming Island Community Development District
SWIM & TENNIS FUND BUDGET
Fiscal Year 2023

Revenues:

User Fees	Pass Holder Income, Guest Fees, Lesson Income, Facility Rental, Activity Income and Finance charges

Lesson Income	Revenue generated from Tennis/Pickleball/Swim lessons

CDD Lesson Income	CDD portion of revenue generated from Tennis/Pickleball/Swim
lessons

Merchandise and F&B Sales:	Tennis Merchandise sales and Snack Bar sales (Net of Cost of Goods
Sold)

Expenditures:

Operating Expenses:

Salaries:	Salaried and hourly full time and part time employee’s wages for Aquatics/Lifestyles/Maintenance/Tennis/Pickleball

Employee Expenses:	Payroll expenses (Taxes, Workers Comp, Health Insurance, and 401K)
and uniforms

Employee Education/Training	Aquatic employees mandatory training requirements

Lessons paid out	Revenue generated from Tennis/Pickleball/Swim lessons paid to
employees

Activities & Events	Community events (parades, dive in movies etc…) Activities & Events-Tennis	 Tennis/Pickleball events
Communications and Freight:	Telephone, Internet, Postage Customer service & advertising	Graphic design, accounting, email Other Contractual	Pest Control, Alarm Service, IT Repairs and Maintenance	Equipment repairs and maintenance
Operating Supplies	Janitorial supplies, first aid equipment and misc. supplies Office Supplies	Paper, printer cartridges, receipt paper, etc..
Utility Services:	Electric, Water & Sewer

Page 26

Gas/Oil/Propane:	Propane for the Snack Bar and Waterfront pool heaters

Chemicals:	Pool chemicals

Licenses & Permits:	Licenses and pool permits

Cash Short/Over	Write off’s for non-recoverable income Trustee/Bank Expenses:	Credit card commissions and bank fees

District Management/	The District receives Management, Accounting and Administrative Administration:	services from their CDD employed District Manager and as part of an
Administrative Agreement with Governmental Management Services, LLC. This expense is shared with the W/S and General fund

Insurance	Liability and property insurance

Audit	Annual Audit fees

Non-Operating Income/Expenses:

Inter-fund Transfer In:	CDD Funds to operate the Swim & Tennis operation, over and above
revenues generated

Page 27