THE	CROSSINGS
at ,	,.,,.....,.,.,.,	"ldeuu:t
COMMUNITY DEVELOPMENT DISTRICT

ADOPTED BUDGET
FY2019

Thursday, August 30, 2018

Presented by:

THE	CROSSINGS
a.:e"9���
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 2017 -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

Page 14-15
Page 16-19

Page 20-21
Page 22-25

Page 26-27
Page 28-29

I ..
., I

I I
.  I	.. . .
·'    -- -

' ·..

GENERAL FUND

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT

GENERAL FUND
FY2019

  	  	

REVENUES:

ADOPTED FY2018
 	BUDGET	

ACTUAL THRU
     713112018 

TOTAL	ADOPTED PROJECTED AT		FY2019
 	9/3012018	 	BUDGET	

CHANGES

APPROVED FY2019
BUDGET	

$2,931,456
$0
$95,000
$18,000
$2,680	
$3,047,136	

$21,000
$1,607
$4,500
$1,300
$3,600
$23,740
$2,300
$11,000
$87,850
$1,000
$1,200
$1,500
$1,500
$47,300
$1,000
$5,000
$0
$1,300
$175	

 	

Special Assessment	$2,931,456 Special Assessment - Direct			$0 BoaVRV Storage Fees		$95,000
Interest Income	$18,000
Rental Income/Internet	$2,680
TOTAL REVENUES	$3,047,136
EXPENDITURES:
ADMINISTRATIVE:
Supervisors Fees	$21,000
FICA	$1,607
Engineering	$5,000
Dissemination Agent	$1,300
Arbitrage	$3,600
District Attorney	$30,362
Audit	$3,612
Trustee Fees	$11,000
District Manager /Adminstrator	$117,729
Computer Time	$1,000
Telephone	$300
Postage	$2,600
Printing & Binding	$2,100
Insurance	$62,000
Legal Advertising	$3,600
Other Current Charges	$8,250
Property Taxes

$175

Office Supplies	$1,300
Dues, Licenses, Subscriptions
MAINTENANCE:
Landscape Maintenance/Contract Admin	$806,775
Landscape Maintenance - Contingency	$80,000
Lake Maintenance/Contract Admin	$83,038
Cost Sharing Agreement - Stone Creek	$13,000
Facility/Preventative Maintenance	$150,000
Utilities	$131,000
Security	$16,158
Contingencies	$0

TOTAL EXPENDITURES	 	$1,556,506

OTHER SOURCES/{USES}:
lnterfund Transfer  ln/(Out) - SBA Reserve			($54,000) lnterfund Transfer Out  - Swim & Tennis	($1,286,630) lnterfund Transfer Out - Golf Course		($150,000)

TOTAL OTHER

$2,970,901
$0
$85,514
$51,879
$2,010
    $3,110,304

$9,400
$729
$1,313
$1,667

$23,921
$3,612
$14,951
$108,608
$833
$21
$877
$1,371
$61,179

$517

$3,013

$2,310
$175

$649,731
$32,507
$65,042
$7,618
$96,817
$95,559
$18,630
$365

     $1,201,609

$0 ($1,063,192)
($94,000)

$2,970,901	$2,931,456
$0	$0
$95,000	$95,000
$57,000	$45,000
$3,126	$2,680

 	$3,126,027	 	$3,074,136

$11,400	$21,000
$872	$1,607
$5,000	$4,500
$2,000	$2,000
$3,600	$3,600
$28,709	$23,742
$3,612	$2,300
$14,951	$11,000
$159,499	$87,847
$1,000	$1,000
$300	$1,200
$2,600	$1,500
$2,100	$1,500
$61,179	$47,300
$3,500	$1,000
$5,000	$5,000
$517	$517

$175

$3,000	$1,300
$175

$763,859	$818,000
$80,000	$80,000
$83,038	$78,750
$13,000	$13,000
$150,000	$150,000
$120,000	$125,000
$27,630	$23,000
$126	$53,320

 	$1,546,667	 	$1,559,158

($54,000)	($60,000)
($1,271,630)	($1,304,978)
($94,000)	($150,000) ($1,419,630)

$818,000
$80,000
$78,750
$13,000
$150,000
$125,000
$23,000
$27,536

   $1,532,158

($60,000)
($1,304,978) ($150,000)

  ($1,514,978)

$0
$0
$0
$27,000
$0

$27,000

$0
$0
$0
$700
$0
$2

$0 ($3)
$0

$0

$0

$517
$0
$0

$0

$0
$0

$0

$25,784

$27,000

$0
$0
$0

 	$0

($1,157,192)

Assigned Fund Balance	 	$54,000	$751,503	$159,730	($0)	 	($0)	 	

Page 1

The Crossings at Fleming Island
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2019

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

EXPENDITURES:

Administrative:
Supe,visor 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 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 2019

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.

District Management/Administration Fees

The District receives Management, Accounting and Administrative services from their COD 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.
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 2019

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 Admin

The District is currently contracted with Tree Amigos Outdoor Services for the Landscape of the Districts common areas. The cost of the contract for FY2019 is $786,462.1O annually. Line item also includes contract administrative services of $31,537.90 provided by the District Manager.
Tree Amigos 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

4

The Crossings at Fleming Island
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2019

Landscape Maintenance - Contingency
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 the District Manager.
Cost Sharing Agreement

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

•CCUA - water service for the Eagle Harbor COD Office

Securitv

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

Utility Schedule - General Fund
FY2019

Avg.
Account#	Service Address	Monthly Avg. An'nual

552520-9

27

Clay Electric

2425 Country Side Dr
765868-5	1522-1 Brookstrone Dr
765874-3	1928-1 Eagle Harbor Parkway
765875-0	2088-1 Eagle Harbor Parkway
765877-6	1909 Eagle Harbor Parkway
765878-4	1619 Misty lake Drive
765880-0	1992-1 Eagle Harbor Parkway
765881-8	1302-1 Oak Landing Lane
765883-4	1542 Unkside Drive
765884-2	1245 Forest Park Drive
765886-7	1320-1 South Shore Dr
765887-5	1229 Salt Marsh
765888-3	4312 lake Shore Dr East
765889-1	4486-1 lakeshore Or E
765891-7	2327-1 Marsh Landing Ct
765892-5	1995-1 Vista Lakes Or
765895-8	4523  lakeshore Dr E
7658966	1687-1 Lakeshore Drive N
765896-6	1687-1 Lakeshore Dr N
765$01-4	1760-1 Cross Pine Drive
765902-2	1709-2 Cross Pines Drive
765904-8	2291-1 Old Pine Trail
765906-3	2286-2 Trailwood Drlve
765908-9	1709-1 Cross Pines Drive
765909-7	2234 Eagle Harbor Parkway
765912-1	2402 Daniels landing Dr
765913-9	3460-1 Manard Branch Ct
765914-7	2486-1 Stoney Glen Irrigation
765915-4	Eagle Harbor Pkwy lighting 765916-2	1796-2 Eagle HBr on 17 at Fountain
765918-8	1812-1 Eagle Creek Dr
767568-9	1880 Eagle Harbor Parkway
8092223	2105 Harbor Lake Drive

833

Clay County Utility Authority

$	$
$	26    $
$	47    $
$	101    $
$	30    $
$	200    $
$	$
$	30    $
$	56    $
$	$
$	26    $
$	42    $
$	107    $
$	80    $
$	26    $
$	$
$	106    $
$	27    $
$	418   $
$	$
$	$
$	24    $
$	$
$	24    $

27

$	$
$	$
$	$
$	26    $
$	2,312    $
$	331    $
$	28    $
$	614    $
$	145    $

430

$	22   $

318
320
582
1,264
373
2,496

370
693

917

910
321
528

998

1,338

324

336

1,323

5,212

305
304
406
304

409

28,852

319

4,132
352
7,662
1,805
65,131

00120031	1880 Eagle Harbor Parkway	$	$	5,159	
00120061	1850 Eagle Harbor Parkway Fountains	$	407	$	4,887	
00120251	1778 Fiddler's Ridge Dr Reel Irr	$	136	$	1,627	
00120311	1909 Eagle Harbor Parkway	$	77	$	922	
00120321	4312 Lakeshore Drive E	$	$	
00120531	4523 Lakeshore Drive	$	$	
00120541	2105 Harbor Lake Drive	$	$	1,113	
00120591	Entrace to Brookstone Irr	$	229	$	2,748	
00130319	1501 Brookstone Dr Irr	$	56	$	676	
00159869	1775 Eage Harbor Parkway Irr	$	113	$	1,362	
00159887	Entrace to The Preserves Irr	$	133	$	1,599	
00178790	2286-2 Trailwood Dr Reel Irr	$	284	$	3,412	
00178791	1779-1 Cross Pine Dr Reel Irr	$	$	1,738	
00178792	2298-1 Ofd Pine Trail Reel Irr	$	83	$	991	
00186015	1229-1 Salt Marsh Lane Irr	$	97	$	1,168	
00188477	1709-2 Cross Pine Drive Red Irr	$	53	$	638	
00195643	2331-1 Old Pine Trail Reel Irr	$	$	631	
00195645	1743-1 Cross Pines Dr Red Irr	$	56	$	674	
00199911	2366-1 Old Pine Trail Reel Irr	$	59	$	711	
00200394	1812-1 Eagle Creek Dr Red Irr	$	157	$	1,885	
00201898	2694-1 Country Side Dr Reel Irr	$	$	628	
00202868	2638-1 Country Side Dr Reel lrr	$	55	$	655	
00204041	2411-1 Country Side Dr Reel Irr	$	61	$	
00204042	2424-2 Country Side Dr Reel Irr	$	81	$	972	
00204151	1852-1 Eagle Creek Dr Reel Irr	$	53	$	636	
00218768	2552-1 CountrySide Dr Red Irr	$	76	$	910	
00229743	1961-1 Summ!t Ridge Rd Reel Irr	$	56	$	666	
00231981	1612-1 Lake Terrace lane Irr	$	$	1,648	
00534466	1719 Eagle Crest Drive Irrigation	$	55	$	654	
00541849	732 Water Oak lane Irrigation	$	230	$	2,758	
00541850	6548 Bahia Road Irrigation	$	$	1,599	
00544400	2090 Arden Forest Place Irrigation	$	131	$	1,569	
005S4422	2110 Eagle Talon Circle	$	146	$	1,753	
00544687	1848 Town Center Irrigation	$	182	$	2,188	
			$	50,743	

145

736

Contingency   $	9,126
TOTAL   $ 125,000

Page 6

RESERVE FUND

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT

RESERVE
FY2019

  	 	

Page 7

REVENUES:

ADOPTED FY2018
 	BUDGET	

ACTUAL THRU
 	7/31/2018	

TOTAL PROJECTED AT
 	9/30/2018	

ADOPTED FY2019
 	BUDGET	

Special Assessments - Tax Collector	$764,224		$815,766		$815,766		$764,224	
Misc Income	$0		$9,500		$9,500		$0	
TOTAL   REVENUES	$764,224		$825,266		$825,266		 	$764,224	

EXPENDITURES:								
Capital Outlay	$763,974		$507,197		$763,974		$763,974	
Other Current Charges	$250		$0		$250		$250	
TOTAL EXPENDITURES	 	$764,224		 	$507,197		 	$764,224		 	$764,224	
ASSIGNED FUND BALANCE	$0		$318,069		$61,042		$0	

The Crossings at Fleming Island
Community Development District
RESERVE BUDGET
Fiscal Year 2019

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
COMMUNITY DEVELOPMENT DISTRICT

DEBT SERVICE FUND
Series 2014 A/1, A/2, A/3, Series 2017
FY2019

REVENUES:

Series 2014
 	A/1	

Series 2014
 	A/2	

Series	Series	ADOPTED
2014	2017	FY2019
 	A/3	 	 	BUDGET	

(1J Special Assessments - Tax Collector	$2,560,633		$0		$384,028		$66,931		$3,011,592	
Interest Income	$0		$0		$0		$0		$0	
Carry Forward Surplus	$417,746		$201,780		$200,493		$25,013		$898,530	
TOTAL REVENUES	      $2,978,379 		 	$201,780 		 	$584,521 		$91,944		$3,910,122	
EXPENDITURES:										
Interest Expense - 11/1	$409,709		$111,475		$155,350		$25,013		$701,547	
Principal Expense - 5/1	$1,295,000		$175,000		$70,000		$15,000		$1,555,000	
Interest Expense - 5/1	$409,709		$111,475		$155,350		$25,013		$701,547	
TOTAL EXPENDITURES	      $2,114,419 		 	$397,950 		$380,700		$65,025		$2,958,094	
EXCESS REVENUES (EXPENDITURES)		$863,960		($196,170)		$203,821		$26,919		$952,028		

(1) A1 and A2 Assessments are combined	11/1/19 Interest:		
	2014 A/1	$392,713	
	2014 A/2	$105,350	
	2014 A/3	$153,075	
	2017	$24,581	
		$675,719	

143

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	$ 2,1 03,618.76	
1-May-17	$	22,050,000	1 .750%	$	434,734.38	$	1, 240,000.00		
1-Nov-17	$	20,81 0,000	2.250%	$	423,884.38		$ 2,098,618.76	
1 -May-18 	$	20,81 0,000	2.250%	$	423,884.38	$	1 ,260,000.00		
1 -Nov-18 	$	1 9,550,000	2.250%	$	409,709.38		$ 2,093,593.76	
1-May-19	$	1 9, 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	$	1 5,530,000	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%	$	21 0,825.00		$ 2,093,437.50	
1-May-26	$	9,365,000	4.500%	$	21 0,825.00	$	1,71 0,000.00		
1 -Nov-26	$	7,655,000	4.500%	$	1 72,350.00	$ 2,093,1 75.00	
1 -May-27	$	7,655,000	4.500%	$	1 72,350.00	$	1 ,785,000.00		
1-Nov-27	$	5,870,000	4.500%	$	1 32,075.00		$ 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	

Page 10 

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

THE CROSSINGS AT FLEMING ISLAND

COMMUNITY DEVELOPMENT DISTRICT

PRINCIPAL
DATE	BALANCE	RATE

1-Nov-17	$	3,350,000	7.000%	$
1-May-18	$	3,350,000	7.000%	$
1 -Nov-18	$	3,1 85,000	7.000%	$
1 -May-19	$	3,185,000	7.000%	$
1 -Nov-19	$	3,010,000	7.000%	$
1-May-20	$	3,010,000	7.000%	$
1-Nov-20	$	2,820,000	7.000%	$
1 -May-21	$	2,820,000	7.000%	$
1 -Nov-21	$	2,620,000	7.000%	$
1-May-22	$	2,620,000	7.000%	$
1-Nov-22	$	2,405,000	7.000%	$
1 -May-23	$	2,405,000	7.000%	$
1 -Nov-23	$	2,175,000	7.000%	$

1-May 24	$	2,1 75,000	7.000%	$
1-Nov-24	$	1,925,000	7.000%	$
1 -May-25	$	1,925,000	7.000%	$
1 -Nov-25	$	1 ,655,000	7.000%	$
1 -May-26	$	1,655,000	7.000%	$
1-Nov-26	$	1, 370,000	7.000%	$
1-May-27	$	1, 370,000	7.000%	$
1-Nov-27	$	1,065,000	7.000%	$

1 -May-28	$	1,065,000	7.000%	$
1 -Nov-28	$	735,000	7.000%	$
1 -May-29	$	735,000	7.000%	$

1 -Nov 29	$	380,000	7.000%	$
1-May-30	$	380,000	7.000%	$

$

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

Series 2014 A/2, Special Assessment Refunding Bonds
Amortization Schedule

INTEREST	PRINCIPAL	TOTAL

11 7,250.00	$	11 7,250.00
11 7,250.00	$	165,000.00
111 ,475.00	$	393,725.00
111 ,475.00	$	175,000.00
1 05,350.00	$	391, 825.00
1 05,350.00	$	1 90,000.00
98,700.00	$	394,050.00
98,700.00	$	200,000.00
91, 700.00	$	390,400.00
91,700.00	$	21 5,000.00
84,175.00	$	390,875.00
84,175.00	$	230,000.00
76,125.00	$	390,300.00
76,125.00	$	250,000.00
67,375.00	$	393,500.00
67,375.00	$	270,000.00
57,925.00	$	395,300.00
57,925.00	$	285,000.00
47,950.00	$	390,875.00
47,950.00	$	305,000.00
37,275.00	$	390,225.00
37,275.00	$	330,000.00
25,725.00	$	393,000.00
25,725.00	$	355,000.00
1 3,300.00	$	394,025.00
1 3,300.00	$	380,000.00	$	393,300.00
1,868,650.00	$	3,350,000.00	$   5,218,650.00

Page 11 

THE CROSSINGS AT FLEMING ISLAND
COMMUNITY DEVELOPMENT DISTRICT	Series 2014 A/3, Special Assessment Refunding Bonds Amortization Schedule
PRINCIPAL
 	DATE		 	BALANCE		 RATE	 	INTEREST		PRINCIPAL	TOTAL

1-Nov-17	$	4,850,000	6.500%	$	1 57,625.00	$	1 57,625.00
1-Ma -18	$	4,850,000	6.500%	$	1 57,625.00	 	$	70,000.00	
1-Nov-18	$	4,780,000	6.500%	$	1 55,350.00	$	382,975.00
   1-Ma -19	$	4,780,000	6.500%	$	1 55,350.00		$	70,000.00
1 -Nov-19	$	4,710,000	6.500%	$	153,075.00	$	378,425.00
1-May-20	$	4,710,000	6.500%	$	1 53,075.00	$	75,000.00
1-Nov-20	$	4,635,000	6.500%	$	1 50,637.50	$	378,712.50
1-May 21	$	4,635,000	6.500%	$	1 50,637.50	$	85,000.00
1-Nov-21	$	4,550,000	6.500%	$	1 47,875.00	$	383,512.50
1-May-22	$	4,550,000	6.500%	$	147,875.00	$	90,000.00
1-Nov 22	$	4,460,000	6.500%	$	144,950.00	$	382,825.00
1-May 23	$	4,460,000	6.500%	$	144,950.00	$	95,000.00
1 -Nov-23	$	4,365,000	6.500%	$	141 ,862.50	$	381,81 2.50
1-May-24	$	4,365,000	6.500%	$	141 ,862.50	$	100,000.00
1-Nov-24	$	4,265,000	6.500%	$	1 38,612.50	$	380,475.00
1 -May-25	$	4,265,000	6.500%	$	138,612.50	$	1 05,000.00
1 -Nov-25	$	4,160,000	6.500%	$	1 35,200.00	$	378,812.50
1-May-26	$	4,160,000	6.500%	$	1 35,200.00	$	11 5,000.00
1 -Nov-26	$	4,045,000	6.500%	$	131 ,462.50	$	381,662.50

1-May 27	$	4,045,000	6.500%	$	131 ,462.50	$	1 20,000.00
1 -Nov-27	$	3,925,000	6.500%	$	127,562.50	$	379,025.00
1 -May-28	$	3,925,000	6.500%	$	127,562.50	$	1 30,000.00
1-Nov 28	$	3,795,000	6.500%	$	1 23,337.50	$	380,900.00
1-May 29	$	3,795,000	6.500%	$	1 23,337.50	$	140,000.00
1 -Nov-29	$	3,655,000	6.500%	$	11 8,787.50	$	382,1 25.00
1 -May-30	$	3,655,000	6.500%	$	1 18,787.50	$	150,000.00

1-Nov-30	$	3,505,000	6.500%	$	1 13,912.50	$	382,700.00
1 -May-31	$	3,505,000	6.500%	$	11 3,912.50	$	1 60,000.00
1-Nov-31	$	3,345,000	6.500%	$	108,712.50	$	382,625.00
1-May-32	$	3,345,000	6.500%	$	108,712.50	$	1 70,000.00
1 -Nov-32	$	3,1 75,000	6.500%	$	103,1 87.50	$	381,900.00
1-May-33	$	3,1 75,000	6.500%	$	103,187.50	$	180,000.00

1-Nov 33	$	2,995,000	6.500%	$	97,337.50	$	380,525.00
1-May-34	$	2,995,000	6.500%	$	97,337.50	$	1 90,000.00
1-Nov-34	$	2,805,000	6.500%	$	91,1 62.50	$	378,500.00
1-May-35	$	2,805,000	6.500%	$	91,1 62.50	$	205,000.00
1 -Nov-35	$	2,600,000	6.500%	$	84,500.00	$	380,662.50
1-May-36	$	2,600,000	6.500%	$	84,500.00	$	220,000.00
1-Nov-36	$	2,380,000	6.500%	$	77,350.00	$	381 ,850.00
1-May 37	$	2,380,000	6.500%	$	77,350.00	$	235,000.00
1-Nov-37	$	2,145,000	6.500%	$	69,712.50	$	382,062.50
1-May-38	$	2,145,000	6.500%	$	69,712.50	$	250,000.00
1 -Nov-38	$	1 ,895,000	6.500%	$	61 ,587.50	$	381 ,300.00
1-May-39	$	1 ,895,000	6.500%	$	61 ,587.50	$	265,000.00
1-Nov-39	$	1 ,630,000	6.500%	$	52,975.00	$	379,562.50
1-May 40	$	1,630,000	6.500%	$	52,975.00	$	285,000.00
1 -Nov-40	$	1,345,000	6.500%	$	43,712.50	$	381 ,687.50
1-May-41	$	1, 345,000	6.500%	$	43,712.50	$	305,000.00
1-Nov-41	$	1 ,040,000	6.500%	$	33,800.00	$	382,512.50
1 -May-42	$	1 ,040,000	6.500%	$	33,800.00	$	325,000.00
1-Nov 42	$	715,000	6.500%	$	23,237.50	$	382,037.50
1-May-43	$	71 5,000	6.500%	$	23,237.50	$	345,000.00
1-Nov-43	$	370,000	6.500%	$	1 2,025.00	$	380,262.50

1-May-44	$	370,000	6.500%	$	1 2,025.00	$	370,000.00	$	382,025.00
  $  5,599,1 00.00	 $   4,850,000.00	 $  10,449,100.00 

**Revised after $365,00D callon 11/1/15.

Page 12 

THE CROSSINGS AT FLEMING ISLAND
COMMUNITY DEVELOPMENT DISTRICT	Series 2017, Special Assessment Revenue Bonds Amortization Schedule
PRINCIPAL
 	DATE		BALANCE	RATE	INTEREST	PRINCIPAL	TOTAL

1-Nov-17	$	870,000	5.750%	$	20,982.71	$	20,982.71	
1-Ma -1 8	$	870,000	5.750%	$	25,012.50	$	
1 -Nov-18	$	870,000	5.750%	$	25,012.50	$	50,025.00	
   1-Ma -19	$	870,000	5.750%	$	25,012.50	$	15,000.00
1-Nov-1 9	$	855,000	5.750%	$	24,581.25	$	64,593.75
1-May-20	$	855,000	5.750%	$	24,581.25	$	1 5,000.00
1-Nov 20	$	840,000	5.750%	$	24,150.00	$	63,731.25
1-May-21	$	840,000	5.750%	$	24,150.00	$	15,000.00
1-Nov-21	$	825,000	5.750%	$	23,718.75	$	62,868.75
1-May-22	$	825,000	5.750%	$	23,718.75	$	20,000.00
1-Nov-22	$	805,000	5.750%	$	23,143.75	$	66,862.50
1-May-23	$	805,000	5.750%	$	23,143.75	$	20,000.00
1-Nov-23	$	785,000	5.750%	$	22,568.75	$	65,712.50
1-May-24	$	785,000	5.750%	$	22,568.75	$	20,000.00
1 -Nov-24	$	765,000	5.750%	$	21 ,993.75	$	64,562.50

1-May 25	$	765,000	5.750%	$	21 ,993.75	$	20,000.00
1-Nov-25	$	745,000	5.750%	$	21,418.75	$	63,412.50
1 -May-26	$	745,000	5.750%	$	21 ,418.75	$	20,000.00
1-Nov 26	$	725,000	5.750%	$	20,843.75	$	62,262.50
1-May 27	$	725,000	5.750%	$	20,843.75	$	25,000.00
1-Nov-27	$	700,000	5.750%	$	20,125.00	$	65,968.75
1 -May-28	$	700,000	5.750%	$	20,125.00	$	25,000.00
1-Nov-28	$	675,000	5.750%	$	19,406.25	$	64,531 .25
1-May-29	$	675,000	5.750%	$	19,406.25	$	25,000.00
1-Nov 29	$	650,000	5.750%	$	18,687.50	$	63,093.75
1 -May-30	$	650,000	5.750%	$	18,687.50	$	30,000.00

1 -Nov-30	$	620,000	5.750%	$	17,825.00	$	66,512.50
1-May-31	$	620,000	5.750%	$	1 7,825.00	$	30,000.00
1-Nov-31	$	590,000	5.750%	$	1 6,962.50	$	64,787.50
1-May 32	$	590,000	5.750%	$	16,962.50	$	30,000.00
1 -Nov-32	$	560,000	5.750%	$	16,100.00	$	63,062.50
1 -May-33	$	560,000	5.750%	$	16,100.00	$	35,000.00
1-Nov 33	$	525,000	5.750%	$	15,093.75	$	66,193.75
1-May-34	$	525,000	5.750%	$	15,093.75	$	35,000.00
1-Nov-34	$	490,000	5.750%	$	1 4,087.50	$	64,181 .25
1-May 35	$	490,000	5.750%	$	1 4,087.50	$	35,000.00
1-Nov-35	$	455,000	5.750%	$	13,081.25	$	62,168.75
1-May-36	$	455,000	5.750%	$	13,081.25	$	40,000.00
1-Nov 36	$	415,000	5.750%	$	11 ,931.25	$	65,012.50
1 -May-37	$	415,000	5.750%	$	11 ,931.25	$	40,000.00
1-Nov-37	$	375,000	5.750%	$	10,781.25	$	62,712.50
1-May 38	$	375,000	5.750%	$	10,781 .25	$	45,000.00
1-Nov-38	$	330,000	5.750%	$	9,487.50	$	65,268.75
1 -May-39	$	330,000	5.750%	$	9,487.50	$	45,000.00
1-Nov-39	$	285,000	5.750%	$	8,1 93.75	$	62,681 .25
1-May-40	$	285,000	5.750%	$	8,193.75	$	50,000.00
1-Nov 40	$	235,000	5.750%	$	6,756.25	$	64,950.00
1-May-41	$	235,000	5.750%	$	6,756.25	$	55,000.00
1 -Nov-41	$	180,000	5.750%	$	5,1 75.00	$	66,931.25
1 -May-42	$	180,000	5.750%	$	5,1 75.00	$	55,000.00
1-Nov 42	$	1 25,000	5.750%	$	3,593.75	$	63,768.75
1-May-43	$	1 25,000	5.750%	$	3,593.75	$	60,000.00
1-Nov-43	$	65,000	5.750%	$	1,868.75	$	65,462.50

$	879,170.21

$	870,000.00

$	1 ,749,170.21

1-May-44	$	65,000	5.750%	$	1,868.75	$	65,000.00	$	66,868.75
Page 13 

'
'
WATER/SEWER
FUND

The Crossings at Fleming Island	WATER/SEWER FUND COMMUNITY DEVELOPMENT DISTRICT		FY2019

	ADOPTED
FY2018		ACTUAL
THRU		TOTAL
PROJECTED AT		ADOPTED
FY2019		
CHANGES	
REVENUES:	     BUDGET			    7131/2018 		 	913012018			    BUDGET 		 		
Water Revenue	$1,000,000		$898,568		$1 ,078,282		$1,075,000		$0	
Wastewater Revenue	$1,830,000		$1 ,615,604		$1 ,938,725		$1,930,000		$0	
Reclaimed Water Revenue	$650,000		$579,346		$695,215		$690,000		$0	
Service Charges	$0		$73,144		$87,773		$80,000		$0	
Debt Capacity Charge	$1,781,705		$1,541,830		$1 ,850,196		$1,850,000		$0	
Interest/Misc. Income	$3,000		$26,148		$31,378		$24,000		$0	
TOTAL REVENUES	$5,264,705
		   $4,734,640 		 	$5,681,568 		$5,649,000		$0	
EXPENDITURES:										
ADMINISTRATIVE:										
Engineering	$1,000		$0		$0		$1,500		$0	
Dissemination Agent	$1,000		$833		$1 ,000		$1 ,000		$0	
District Attorney	$24,500		$19,339		$23,207		$23,742		$0	
Annual Audit	$2,224		$2,224		$2,224		$2,300		$0	
Trustee Fees	$8,500		$8,095		$8,095		$8,500		$0	
District Manager/Administrator	$58,880		$40,882		$46,516		$56,744		$0	
Computer Time	$500		$0		$0		$500		$0	
Travel & Per Diem	$500		$0		$0		$500		$0	
Postage	$350		$840		$1,008		$1,000		$0	
Printing & Binding	$500		$0		$0		$500		$0	
Insurance	$36,500		$36,401		$36,401		$40,525		$0	
Legal Advertising	$1,000		$0		$0		$1,000		$0	
Office Supplies	$0		$0		$0		$0		$0	
Other Current Charges	$10,000		$12,870		$22,063		$15,000		$0	
WATER/WASTEWATER/REUSE:										
Service Charges	$65,000		$72,938		$87,526		$90,000		$10,000	
Meter Expenses	$1 ,000		$0		$0		$1,000		$0	
Purchased Water	$1,000,000		$897,349		$1,076,819		$1,075,000		$0	
Treated Wastewater	$1,830,000		$1,61 5,472		$1,938,566		$1 ,930,000		$0	
Alternative Water Supply	$41 ,960		$37,001		$44,401		$45,000		$0	
Purchased Reclaimed Water	$143,000		$174,851		$209,821		$210,000		$30,000	
Repairs & Maintenance	$15,000		$17,858		$21,430		$30,000		$0	
Electric	$35,000		$24,734		$29,681		$35,000		$0	
Capital Outlay	$5,000				$0		$5,000		$0	
Contingency	$10,000				$0		$10,000		$0	
TOTAL OPERATING EXPENSES	     $3,291,414 		   $2,961,688 		 	$3,548,757 		  $3,583,811 		    $40,000 	
DEBT SERVICE:										
Interest Expense - 4/1	$446,184		$446,184		$446,184		$437,559		$0	
Principal Expense - 1011	$850,000		$708,333		$850,000		$865,000		$0	
Interest Expense - 1011	$446,184		$297,457		$446,184		$437,559			
TOTAL DEBT SERVICE	$1 ,742,368		$1,451,974		$1,742,368		$1,740,119		$0	
TOTAL EXPENSES	     $5,033,782 		$4,41 3,662		 	$5,291,126 		  $5,323,930 		$40,000	
EXCESS REVENUES (EXPENDITURES)	 	$230,923 		 	$320,978 		 	$390,442 		     $325,070 		($40,000)	

Debt Service Coverage (115%)	113%	119%

Page 14

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

 	DATE		
PRINCIPAL
 	BALANCE		

 	INTEREST		
 	PRINCIPAL		

 	TOTAL		

27-Dec-16	
$	24,045,000	
$	
$	
$	
1 -Apr-17	$	24,045,000	$	236,127.67	$	
1 -Oct-17 	$	24,045,000	$	452,1 59.38	$	635,000.00	$	1,323,287.05	
1 -Apr-18	$	23,41 0,000	$	446,184.38	$		
1 -Oct-18	$	23,41 0,000	$	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, 11 8.76	
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	$	41 7,71 9.38	$		
1 -Oct-21	$	20,81 0,000	$	41 7,71 9.38	$	905,000.00	$	1 ,740,438.76	
1 Apr 22	$	1 9,905,000	$	405,600.63	$		
1 -Oct-22	$	1 9,905,000	$	405,600.63	$	930,000.00	$	1 ,741,201 .26	
1 -Apr 23	$	1 8,975,000	$	391 ,828.76	$		
1 -Oct-23	$	1 8,975,000	$	391 ,828.76	$	960,000.00	$	1 ,743,657.52	
1 -Apr-24	$	18,01 5,000	$	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	$	16,01 0,000	$	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	$	1 2,71 5,000	$	277,729.38	$	1,185,000.00	$	1, 740,458.76	
1 -Apr-30	$	11 ,530,000	$	252,529.38	$		
1 -Oct-30	$	11 ,530,000	$	252,529.38	$	1 ,235,000.00	$	1, 740,058.76	
1 -Apr-31	$	1 0,295,000	$	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	$	1 98,804.38	$		
1 -Oct-32	$	9,005,000	$	1 98,804.38	$	1 ,345,000.00	$	1 ,742,608.76	
1 -Apr-33	$	7,660,000	$	170,1 79.38	$	
1 -Oct-33	$	7,660,000	$	170,1 79.38	$	1 ,405,000.00	$	1 ,745,358.76	

!

f

i lI ir.I

I

!I

$	6,255,000	$	1 38,986.25	$	II

i'.I

1 Apr-34

1!

1 -Oct-34	$	6,255,000	$	1 38, 986.25	$	1, 465,	
1 -Apr-35	$	4,790,000	$	1 06,440.63	$	
1 -Oct 35	$	4,790,000	$	1 06,440.63	$	1, 525,	
1 -Apr-36	$	3,265,000	$	72,565.63	$	
1 -Oct-36	3,265,000	$	72,565.63	$	1 ,595,	
1 -Apr-37	$	1 ,670,000	$	37, 1 28.13 	$	
1 -Oct-37	$	1 ,670,000	$	37, 1 28.13 	$	1 ,670,	
		$	12, 106,214.79	$ 24,045,	

000.00

000.00

$	1,742,972.50

$	1 ,737,881.26

!�hl

$

$

 	 	I

000.00	1 ,740, 131 .26	�

I.

000.00

$	1 ,744,256.26	iJ

000.00	$ 36,151,214.79	�

I

Page 15 
:J

1,ti,,,1

The Crossings at Fleming Island
Community Development District
WATER/SEWER FUND BUDGET
Fiscal Year 2019

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
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 16 

The Crossings at Fleming Island
Community Development District
WATER/SEWER FUND BUDGET
Fiscal Year 201 9

EXPENDITURES:

Administrative:

Engineering
The District's engineering firm, Hadden 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 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)-1 2(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.
District Management/Administration Fees

The District receives Management, Accounting and Administrative services from their COD employed District Manager and as part of an Administrative Agreement with Governmental Management Services, LLC. This expense is shared with the General Fund.
Page 17 

The Crossings at Fleming Island
Community Development District
WATER/SEWER FUND BUDGET
Fiscal Year 2019 

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 at 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 18 

The Crossings at Fleming Island
Community Development District
WATER/SEWER FUND BUDGET
Fiscal Year 2019

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.
Alternative Water Supply

This represents a $1 surcharge on all active water accounts billed by 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 forthe next fiscal year:

Interest Expense - 4/1/1 9 Principal Expense - 1 0/1 /19 Interest Expense - 1 0/1/19 Total

$437,559.38
$865,000.00
$437,559.38
$1 ,740,118.76
Page 19 

GOLF FUND

The Crossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT

GOLF FUND
FY2019

    	

ADOPTED	ACTUAL		TOTAL FY2018		THRU	PROJECTED AT
     BUDGET 	7/31/2018		 	9/30/2018	

FY2019
     BUDGET 

ADOPTED

APPROVED
FY2019		CHANGES BUDGET	 		

$375,1 15	$242,034	$375, 115	$388,517	$328,701
$857,1 13	$753,583	$857,113	$829,861	$895,713
$1 ,336,891	$1,181 ,230	$1 ,336,891	$1,430,998	$1 ,397,883
$37,431	$26,066	$37,431	$33,614	$28,453
$55,411	$3,016	$55,411	$89,064	$3,444
$48,700	$56,741	$61,000	$77,455	$1 00,622
    $2,710,661 	$2,262,670	 	$2,722,961	 $2,849,508	$2,754,817

$59,815 ($65,853)
$33,114 
$5,161
$85,620 ($23,166)
$94,691

$545,735

$477,541

$545,735

$557,952

$557,981

$29

$717

$0

$0
$0
$0

($2,435)

($419,581)
{$623,945)

($365,9eZ)_

{$391,048)
{$531, 909)

{$506,491)

REVENUES:
UserFees - Dues Greens/Cart Fees
Merchandise/Food/Beverage Sale Rental Revenue

Membership Income - other Fees Miscellaneous Income
TOTAL REVENUES
COST OF GOODS SOLD:

Cost of Goods Sold
GROSS PROFIT	 $2,164,926 	$1,785,129	 	$2,1 77,226	 $2,291 ,556 
EXPENDITURES:
Operating Expenses:
Salaries	$1 ,066,882	$863,156	$1 ,066,882	$1 ,041,971
Commissions & Bonuses	$27,996	$25,244	$27,996	$22,200
Employee Expenses	$206,921	$166,170	$206,921	$216,637	$2,1 96,836

$1,048,837
$21,000
$216,640	$94,662

{$6,866)
$1 ,200	
Employee Uniforms	$5,200	$2,012	$5,200	$2,700	$2,031	$669	
Travel & Per Diem	$1 ,000	$1,263	$1 ,300	$1 ,350	$820	$530	
Training
Employee Advertising	$2,154
$50	$1 ,580
$753	$2,154
$775	$1,500
$2,000	$2,160	($660)
$1 ,283	
Janitorial Expense/Supplies	$5,400	$3,476	$5,400	$2,400	$2,667	($267)	
Tournaments & Events	$30,609	$33,716	$35,000	$32,146	$33,123	($977)	
Centralized Services	$68,475	$63,265	$68,475	$100,279	$69,379	$30,900	
Course & Grounds Maintenance	$20,043	$13,431	$20,043	$17,373	$16,755	$618	
Repairs - Equipment	$23,762	$30,771	$35,000	$35,713	$35,619	$94	
Repairs - Buildings	$12,545	$1 ,885	$12,545	$5,207	$6,978	($1,771)	
Operating Supplies	$87,057	$68,549	$87,057	$81,325	$78,994	$2,331	
Office Supplies	$2,874	$4,065	$5,000	$2,656	$3,197	($541)	
Postage	$866	$323	$866	$710	$710	$0	
Printing & Reproduction	$1 ,200	$0	$1 ,200	$500	$500	$0	
Utility Services	$86,323	$58,485	$86,323	$82,386	$75,886	$6,500	
Gas/Oil/Propane	$40,232	$36,706	$40,232	$43,416	$38,518	$4,897	
Refuse & Potables	$13,707	$14,558	$1 5,000	$17,700	$16,510	$1,190	
TelephonefT1 Line	$16,763	$16,557	$16,763	$1 7,920	$19,741	($1,821)	
Security/Pest Control	$4,843	$9,616	$1 0,000	$5,799	$3,367	$2,432	
Music & Cable Service	$6,319	$7,918	$8,000	$7,855	$7,855		
Dues and Subscriptions Chemicals	$11,838
$51,000	$3,991
$28,314	$1 1 ,838
$51,000	$8,883
$39,462	$8,174
$39,463	$710	
Fertilizer - Course	$47,000	$18,420	$47,000	$37,089	$23,570	$13,519	
Sand, Seed & Dressing	$15,000	$29,549	$30,000	$17,000	$30,525	($13,525)	
Small Tools	$1 ,466	$896	$1 ,466	$1 ,596	$1 ,596	$0	
Licenses/Permits	$3,160	$667	$3,160	$2,493	$2,493		
Bad Debt Expense Cash Short/Over	$0
$0	($1 ,750)
($90)	$0
$0	$0
$0	
$0		
Miscellaneous	$0	$1 ,437	$1 ,500	$3,535	$7,887	($4,351)	
Other Services	$0	$0	$0	$24,006	$0	$24,006	
Trustee Fees/Bank Charges	$50,189	$45,867	$50,189	$54,603	$49,596	$5,007	
Shrinkage	$1,872	$2,000	$0
Aerification	$5,280	$0	$5,280	$0
$0	$0
$0	
Management Fees - Hampton	$86,400		$72,000		$86,400		$86,400		$86,400		$0	
Rentals & Leases	$207,702		$189,555		$207,702		$225,856		$218,198		$7,658	
Lake Maintenance	$27,600		$23,000		$27,600		$27,600		$26,250		$1 ,350	
Insurance	$25,960		$21,966		$25,960		$25,616		$20,300		$5,316	
other Current Charges	$20,958		$42,586		$43,000		$58,194		$39,850		$18,343	
District Manager/Administrator	$23,100		$18,487		$23,100		$24,100		$24,000		$100	
District Attorney	$2,460		$2,718		$3,000		$3,672		$5,600		($1,928)	
Audit	$3,264		$3,005		$3,264		$3,456		$2,300		$1,156	
TOTAL EXPENDITURES	$2,31 3,596		 	$1 ,925,990 		 	$2,381,589 		$2,385,301		$2,288,204		$97,097	
Net Operating Income:			($140,861)		{$204,364)		{$93,746)		/$91 ,368)		 		
Non-011.erating Exp_enses:
												
Other Income	$0		$1 ,396		$1,500		$0		$0		$0	
lnterfund Transfer In - GF 	$150,000		$94,000		$1 50,000		$150,000		$1 50,000		$0	
Principal Expense -1 0/1	($325,000)		($270,833)		($325,000)		($345,000)		($345,000)		$0	
Interest Expense - 10/1	($91,410)		($91,410)		($91,410)		($80,685)		($80,685)		$0	
Interest Expense - 4/1	($91,410)		($60,940)		($91,410)		($80,685)		($80,685)		$0	
Capital Expenses Other Expenses			($63,261)
$0		($63,261)
$0		($9,557)		$0		$9,557
$0	
Bond Assessment	$0			$0		$0		$0		$0			
TOTAL NON-OPERATING	($357,820)									($356,370)		 	$9,557 	
EXCESS REVENUES (EXPENDITURES)								{$459,673}		($447,738)		$7,122	
			Page 20										

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-Oct-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 -Oct-06	$	5,395,000	6.600%	$	178,035.00	$	1 50,000.00	$	506,070.00	
1 -Apr-07	$	5,245,000	6.600%	$	173,085.00	$		
1 -Oct-07	$	5,245,000	6.600%	$	173,085.00	$	1 60,000.00	$	506,170.00	
1 -Apr-08	$	5,085,000	6.600%	$	167,805.00	$		
1-Oct 08	$	5,085,000	6.600%	$	1 67,805.00	$	1 70,000.00	$	505,610.00	
1-Apr 09	$	4,915,000	6.600%	$	162,195.00	$		
1 -Oct 09	$	4,915,000	6.600%	$	162,195.00	$	1 80,000.00	$	504,390.00	
1 -Apr-10	$	4,735,000	6.600%	$	1 56,255.00	$		
1 -Oct-10	$	4,735,000	6.600%	$	1 56,255.00	$	1 95,000.00	$	507,510.00	
1 Apr 11 	$	4,540,000	6.600%	$	149,820.00	$		
1-Oct-11 	$	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 -Oct-12	$	4,335,000	6.600%	$	143,055.00	$	220,000.00	$	506,11 0.00	
1 -Apr 13 	$	4,1 15,000	6.600%	$	135,795.00	$		
1 -Oct-13	$	4, 11 5,000	6.600%	$	135,795.00	$	235,000.00	$	506,590.00	
1 Apr-14	$	3,880,000	6.600%	$	128,040.00	$		
1-Oct-14	$	3,880,000	6.600%	$	1 28,040.00	$	250,000.00	$	506,080.00	
1 -Apr-15 	$	3,630,000	6.600%	$	1 19,790.00	$		
1 -Oct 15 	$	3,630,000	6.600%	$	1 19,790.00	$	270,000.00	$	509,580.00	
1 -Apr-16	$	3,360,000	6.600%	$	110,880.00	$		
1 -Oct-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-Oct-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 -Oct-18 	$	2,770,000	6.600%	$	91 ,410.00	$	325,000.00	$	507,820.00	
1 -Apr-19
1 -Oct-19	$	2,445,000
$	2,445,000	6.600%
6.600%	$	80,685.00
$	80,685.00	$
$	345,000.00	$	506,370.00	
1 Apr-20
1 -Oct-20	$	2,100,000
$	2,100,000	6.600%
6.600%	$	69,300.00
$	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 -Oct-22
1 Apr 23	$	1 ,340,000
$	920,000	6.600%
6.600%	$	44,220.00
$	30,360.00	$	420,000.00	$	508,440.00	
1 -Oct-23	$	920,000	6.600%	$	30,360.00	$	445,000.00	$	505,720.00	
1 Apr-24	$	475,000	6.600%	$	1 5,675.00	$		
$	475,000	6.600%	$	1 5,675.00	$	475,000.00	$	506,350.00	
$ 4,595,250.00	$ 5,535,000.00	$ 10, 1 30,250.00	

i

$

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I

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r

i

I

ij
j

Page 21

Golf Fund

Revenues:
User Fees-Dues: Green/Cart Fees: Merchandise/Food/
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, NIA Beverage Sales: 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 pmt time employee's wages for the Golf Operations, Maintenance, Food and Beverage, and Administrative.
Payroll expenses (Taxes, Workers Comp, Health Insurance, and 401 K) Staffuniforms 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 22

Centralized Services:

Course & Grounds Maintenance:
Repairs - Equipment: Repairs - Buildings: Operating Supplies:
Office Supplies: Postage:
Printing and Reproduction: Utility Services: Gas/Oil/Propane:
Refuse and Po1tables: Telephone:
Other Contractual Services:
Music service:
Dues and Subscriptions: Chemicals:
Sand, Seed and Dressing: Small Tools: Licenses/Permits:
Bad Debt Expense: Cash Sho1t/Over:

Two T- 1 l ines, Marketing association fees (Fl I st 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.
Golfcourse and irrigation repairs
Equipment repairs for Golf, F&B, and Maintenance	equipment. Repairs to buildings
Supplies for Golf(Tees, Towels, Practice Balls), F&B (Linen, Serving Equipment, Paper Supplies), Maintenance Supplies
Paper, Envelopes, Register Receipts, etc. Stamps
Stationary and letterhead Electric and Water & Sewer

F&B Propane, Gas, Diesel, and Hydrau lic Oil Waste removal service
Maintenance Internet, telephone and admin telephone Alarm and Pest Control services, Aerification contractor Music system for the clubhouse
Comcast, FSGA handicap dues, PGA dues, etc Golfcourse chemicals
Over seed, Top dressing, Divot sand, and Mulch Hedge Trimmers, Weed Eaters, Chain Saws, etc Food and Beverage licenses, ASCAP, SESAC Write offs for non-recoverable income
Point ofsale drawers balance

Page 23

Trustee Fees/Bank Charges: Fetiilizer - Course
Management Fees (Hampton Golf):
Rentals and Leases: Insurance:
Other Current Charges:
District Attorney: District Management
/Administration:
Lake Maintenance: Audit:

Credit card commissions and Trustee charges Golf course fertilizers

Golf Club management fees (Hampton)

Cart fleet, Maintenance equipment, Dishwasher, Irrigation computer and Copier Liability and Propetiy insurance
Real Estate taxes Attorney fees
District Manager and GMS, LLC fees. Treatment of lakes on GC for algae and weeds Audit fees

Non-Operating Expenses

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

CDD Assessments
Golf Bond Principal Payment Interest on the Golf Bond

Page 24

The Crossings at Fleming Island CDD
Golf Fund FY201 8-2022 Budget Five Year Capital Plan

Fiscal Year	Capital Budget

2018	$	50,000	
2019	$	50,000	
2020	$	50,000	
2021	$	50,000	
2022	$	50,000	

Page 25

SWIM & TENNIS FUND

The C rossings at Fleming Island
COMMUNITY DEVELOPMENT DISTRICT

SWIM & TENNIS FUND
FY2019

 	 	

REVENUES:

ADOPTED

FY201 8 BUDGET

ACTUAL THRU
7/31 /2018 

TOTAL PROJECTED AT
 	9/30/201 8	

ADOPTED
FY2019	CHANGES
      BUDGET		 	

User Fees	$86,000	$90,909	$86,000	$86,000		$0	
Lesson Income	$1 60,000	$1 02,791	$1 60,000	$1 35,000		$0	
COD Lesson Income	$21 ,000	$15,710	$21,000	$1 5,000		$0	
Merchandise/Food/Beverage Sale	$100,000	$85,511	$100,000	$75,000		$0	
TOTAL REVENUES	$367,000	$294,922	$367,000	$311 ,000		$0	

COST OF GOODS SOLD:								
Cost of Goods Sold	$50,000	$52,491	$50,000		$32,000			
GROSS PROFIT	$317,000	$242,431	$317,000		$279,000		$0	
EXPENDITURES:								
011.erating_ Exg_enses:
Salaries	
$745,720	
$609,039	
$705,000		
$705,000		
$0	

Employee Expenses	$175,100
Employee Education and Training	$2,500
Lessons Paid Out	$160,000
Promotional Activities	$65,000
Other Contractual	$1 0,000
Communications and Freight	$1 7,000
Customer Service & Advertising	$31 ,000
Repairs & Maintenance	$85,000
Operating Supplies	$20,750
Office Supplies	$1 6,000
Printing & Binding	$1 ,000
Utility Services	$120,510
Gas/Oil/Propane	$43,200
Dues/Subscriptions	$2,000
Chemicals	$51 ,450
Licenses/Permits	$2,400
Shrinkage	$0
Cash Short/Over	$0
Trustee Fees	$11 ,000
Rentals/Leases/Misc	$5,700
Misc Expenses	$0
District Manager/Administrator	$37,080
Insurance	$1 ,200
Taxes	$20
Audit	$0

TOTAL EXPENDITURES
Non-Oeerating_ lncome!Exeenses:
lnterfund Transfer In - GF Other Income
Capital Expenses

$1 ,603,630

$1 ,321 ,464

$1 ,559,71 1

$1 ,584,212

$0

$1 ,286,630
$0
$0

$854,753
$216 ($1 ,523)

$1 ,271 ,630
$250 ($1 ,523)

$1 ,304,978
$0
$0

$0
$0

TOTAL NON-OPERATING

$1 ,286,630

$853,447

$1 ,270,357

$1 ,304,978

EXCESS REVENUES (EXPENDITURES)

$0

($225,586)

$27,646

($234)

$0

District Attorney	$0

$1 38,574
$2,500
$131 ,460
$57,545
$5,088
$14,149
$25,833
$72,627
$20,199
$1 8,420
$833
$97,310
$37,556
$2,000
$41 ,085
$1 ,950
$0
$0
$8,445
$4,750
$0
$30,900
$1 ,200
$0
$0
$0

$175,100
$5,000
$160,000
$65,000
$1 0,000
$1 7,000
$31 ,000
$75,000
$20,750
$20,000
$1 ,000
$120,510
$43,200
$2,000
$51 ,450
$2,400
$50
$200
$11 ,000
$5,700
$0
$37,080
$1 ,200
$71
$0
$0

$169,200
$7,500	$0
$135,000	$0
$75,000	$0
$1 0,000	$0
$1 7,000	$0
$31 ,000	$0
$85,000	$0
$22,000	$0
$20,000	$0
$1 ,000	$0
$120,510	$0
$43,200	$0
$4,000	$0
$51 ,450	$0
$2,400	$0
$0	$0
$0	$0
$11 ,000	$0
$5,700	$0
$0	$0
$33,234	$0
$27,018	$0
$100	$0
$2,300	$0
$5,600

Page 26

URseervFeenesu: es:
Merchandise and F&B Sales:
Roster & League Fees:
Expenditures:
OSaplaerrieas:ting Expenses:
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:

Swim & Tennis Fund

APacstsivHitoyldInecroImnceoamned, FGiuneasntcFeecehsa,rLgesson Income, Facility Rental, TSoelndn)is Merchandise sales and Snack Bar sales (Net of Cost of Goods TonhiUs SinTcAom, CeoisungternyeCraltuebdafnrodmotfeheerslcohcalgleadgtuoersesidents who participate

Swalaimrie, dTeannndish, oFuorolyd afnudll Btiemveeragde,pLmiftesttimylese, manpdloAydeem'sinwisatrgaetsivfeor the
Payroll expenses (Taxes, Workers Comp, Health Insurance, and 40 I K) Swim and Tennis management fees
Pest Control, Muzak, Alarm Service, and Employee Uniforms Mileage reimbursement and work related travel
Write off's for non-recoverable income Telephone, Postage and Waste Removal
Electric and Water & Sewer
bEuqiuldipinmgenretlaretepdairespfoairsSwim, Tennis and F&B.  This also includes all
Creating of advertising booklets for events ePvreonmtsot(iHonauannteddeHvaeynrtideex,peetncs)es  for  community  events  and  Lifestyle
Paper printer cartridges, receipt paper etc
sJuapniptloie)rsial supplies, first aid equipment,) miscellaneous Swim and Tennis
Propane for the Snack Bar and Waterfront pool heaters Page 27

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

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

Two T- l 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
District Management and GMS, LLC fees Audit fees

Non-Operating Income/Expenses:
Inter-fund Transfer In:	CDD Funds to operate the Swim & Tennis operation, over and

above revenues generated

Page 28