The Crossings at Fleming Island Adopted Budget FY2022

Thursday, August 19, 2021

Presented by:

GMS

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		FY2022

	ADOPTED
FY2021		ACTUAL
THRU		TOTAL
PROJECTED AT		ADOPTED
FY2022	

REVENUES:	 	BUDGET			 	7/31/21			 	9/30/21			 	BUDGET		
Special Assessment	$2,931,456		$2,951,069		$2,951,069		$2,931,456	
Boat/RV Storage Fees	$92,000		$76,533		$92,000		$92,000	
Interest Income	$52,000		$4,757		$6,000		$6,000	
Rental Income	$7,200		$6,613		$7,200		$7,200	
Carry Forward	$0		$0		$0		$51,436	
TOTAL REVENUES	 	$3,082,656 		 	$3,038,973 		 	$3,056,269 		 	$3,088,092 	
EXPENDITURES:								
ADMINISTRATIVE:								
Supervisors Fees	$15,000		$8,800		$15,000		$15,000	
PR Taxes/Workers Comp/PR Fees	$7,200		$6,499		$7,200		$7,200	
Engineering	$4,500		$4,883		$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	$0		$17,500		$17,500		$17,500	
District Attorney	$27,000		$23,989		$27,000		$27,000	
Audit	$4,000		$2,258		$4,000		$4,000	
Trustee Fees	$16,000		$14,818		$16,000		$16,000	
District Management/Adminstration	$99,000		$76,659		$99,000		$99,000	
Computer Time	$1,000		$833		$1,000		$1,000	
Telephone	$500		$752		$500		$500	
Postage	$1,500		$1,165		$1,500		$1,500	
Printing & Binding	$1,500		$794		$1,500		$1,500	
Insurance	$46,000		$42,734		$42,734		$46,000	
Legal Advertising	$1,000		$1,873		$1,000		$1,000	
Other Current Charges	$5,000		$3,775		$5,000		$5,000	
Office Supplies	$1,500		$657		$1,500		$1,500	
Dues, Licenses, Website	$20,000		$7,542		$20,000		$20,000	
MAINTENANCE:								
Landscape Maintenance	$805,260		$671,050		$805,260		$820,000	
Landscape Maintenance - Contingency	$100,000		$71,067		$100,000		$120,000	
Lake Maintenance	$72,000		$63,530		$72,000		$72,000	
Cost Sharing Agreement - Stone Creek	$13,000		$6,255		$13,000		$13,000	
Facility/Preventative Maintenance	$200,000		$139,511		$200,000		$200,000	
Utilities	$135,000		$94,363		$135,000		$135,000	
Security	$25,000		$18,485		$25,000		$25,000	
Operating Reserves	$22,446		$0		$0		$20,642	
TOTAL EXPENDITURES	 	$1,627,406 		 	$1,282,558 		 	$1,619,194 		 	$1,677,842 	
OTHER SOURCES/(USES):								
Interfund Transfer In/(Out) - SBA Reserve	($160,000)		$0		($75,000)		($75,000)	
Interfund Transfer Out - Swim & Tennis	($1,295,250)		($1,079,375)		($1,310,639)		($1,335,250)	
TOTAL OTHER	 	($1,455,250) 		 	($1,079,375) 		 	($1,385,639) 		 	($1,410,250) 	
Assigned Fund Balance	 	$0 		$677,040		$51,436		$0	

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 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

Income received for renting 2 CDD owned spaces.

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.

2

Assessment Roll

GMS, LLC updates the CDD tax rolls, certifies the annual assessments and collection of prepaid assessments

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.

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 Fees

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 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

3
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, 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.

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

Landscape Maintenance – Contingency

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

Lake Maintenance

4
Lake Doctors provides aquatic pond maintenance, dock repairs and maintenance, lake signage maintenance.

Cost Sharing Agreement

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

Facility Preventative Maintenance

Cost of 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)

Interfund 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
FY2020

Clay Electric
552520-9	2425 Country Side Dr	$	29	$	349	
765868-5	1522-1 Brookstrone Dr	$	29	$	357	
765874-3	1928-1 Eagle Harbor Parkway	$	46	$	571	
765875-0	2088-1 Eagle Harbor Parkway	$	90	$	1,122	
765877-6	1909 Eagle Harbor Parkway	$	33	$	407	
765878-4	1619 Misty Lake Drive	$	155	$	1,929	
765880-0	1992-1 Eagle Harbor Parkway	$	69	$	865	
765881-8	1302-1 Oak Landing Lane	$	58	$	729	
765883-4	1542 Linkside Drive	$	61	$	755	
765884-2	1245 Forest Park Drive	$	102	$	1,273	
765886-7	1320-1 South Shore Dr	$	28	$	345	
765887-5	1229 Salt Marsh	$	8	$	94	
765888-3	4312 Lake Shore Dr East	$	115	$	1,437	
765889-1	4486-1 Lakeshore Dr E	$	71	$	889	
765891-7	2327-1 Marsh Landing Ct	$	27	$	335	
765892-5	1995-1 Vista Lakes Dr	$	41	$	514	
765895-8	4523 Lakeshore Dr E	$	111	$	1,390	
7658966	1687-1 Lakeshore Drive N	$	40	$	499	
765896-6	1687-1 Lakeshore Dr N	$	463	$	5,782	
765901-4	1760-1 Cross Pine Drive	$	31	$	389	
765902-2	1709-2 Cross Pines Drive	$	24	$	305	
765904-8	2291-1 Old Pine Trail	$	28	$	348	
765906-3	2286-2 Trailwood Drive	$	36	$	445	
765908-9	1709-1 Cross Pines Drive	$	31	$	386	
765909-7	2234 Eagle Harbor Parkway	$	45	$	562	
765912-1	2402 Daniels Landing Dr	$	28	$	354	
765913-9	3460-1 Manard Branch Ct	$	29	$	360	
765914-7	2486-1 Stoney Glen Irrigation	$	29	$	356	
765915-4	Eagle Harbor Pkwy Lighting	$	2,312	$	28,855	
765916-2	1796-2 Eagle HBr on 17 at Fountain	$	612	$	7,637	
765918-8	1812-1 Eagle Creek Dr	$	31	$	383	
767568-9	1880 Eagle Harbor Parkway	$	614	$	7,659	
809222-3	2105 Harbor Lake Drive	$	142	$	1,773	
9009006	2104 Eagle Talon Irrigation	$	30	$	368	
			$	69,820	
Clay County Utility Authority				
00120031	1880 Eagle Harbor Parkway	$	435	$	5,217	
00120061	1850 Eagle Harbor Pkwy Fountains	$	473	$	5,681	
00120251	1778 Fiddler's Ridge Drive Rclm Irr	$	132	$	1,581	
00120311	1909 Eagle Harbor Pkwy	$	114	$	1,365	
00120321	4312 Lakeshore Drive E	$	50	$	603	
00120531	4523 Lakeshore Drive	$	70	$	842	
00120541	2105 Eagle Lake Drive	$	105	$	1,263	
00120591	Entrance to Brookstone Irr	$	176	$	2,110	
00130319	1501 Brookstone Dr Irr	$	73	$	873	
00159869	1775 Eagle Harbor Pkwy Irr	$	114	$	1,368	
00159887	Entrance to The Preserves Irr	$	136	$	1,630	
00178790	2286-2 Trailwood Dr Rclm Irr	$	265	$	3,177	
00178791	1779-1 Cross Pines Dr - Rclm Irr	$	149	$	1,783	
00178792	2298-1 Old Pine Trail Rclm Irr	$	86	$	1,035	
00186015	1229-1 Salt Marsh Lane Irr	$	104	$	1,254	
00188477	1709-2 Cross Pines Drive Rclm Irr	$	52	$	621	
00195643	2331-1 Old Pine Trail Rclm Irr	$	53	$	635	
00195645	1743-1 Cross Pine Dr Rclm Irr	$	58	$	693	
00199911	2366-1 Old Pine Trail Rclm Irr	$	57	$	685	
00200394	1812-1 Eagle Creek Dr Rclm Irr	$	145	$	1,743	
00201898	2694-1 Country Side Dr Rclm Irr	$	53	$	630	
00202868	2638-1 Country Side Dr Rclm Irr	$	54	$	649	
00204041	2411-1 Country Side Dr Rclm Irr	$	58	$	697	
00204042	2424-2 Country Side Dr Rclm Irr	$	85	$	1,023	
00204151	1852-1 Eagle Creek Dr Rclm Irr	$	53	$	630	
00218768	2552-1 Country Side Dr Rclm Irr	$	76	$	910	
00229743	1961-1 Summit Ridge Rd Rclm Irr	$	54	$	653	
00231981	1612-1 Lake Terrace Lane Irr	$	138	$	1,659	
00534466	1719 Eagle Crest Drive Irrigation	$	62	$	743	
00541849	732 Water Oak Lane Irrigation	$	193	$	2,314	
00541850	6548 Bahia Road Irrigation	$	122	$	1,461	
00544400	2090 Arden Forest Place Irrigation	$	126	$	1,516	
00554422	2110 Eagle Talon Circle	$	142	$	1,706	
00544687	1848 Town Center Irrigation	$	154	$	1,850	
			$	50,601	
		Contingency	$	14,579	
		TOTAL	$	135,000	

Page 6

Reserve Fund
The Crossings at Fleming Island	RESERVE
COMMUNITY DEVELOPMENT DISTRICT	FY2022

	ADOPTED FY2021		ACTUAL THRU		TOTAL PROJECTED AT		ADOPTED FY2022	

REVENUES:	 	BUDGET			 	7/31/21			 	9/30/21			 	BUDGET		
Special Assessments - Tax Collector	$764,224		$769,337		$769,337		$764,224	
Office Rent	$4,800		$0		$0		$0	
Misc Income - Insurance Proceeds	$0		$5,360		$5,360		$0	
Interest Income	$0		$266		$275		$0	
TOTAL REVENUES	 	$769,024 		 	$774,963 		 	$774,972 		 	$764,224 	

EXPENDITURES:								
Capital Outlay	$768,774		$462,557		$768,774		$763,974	
Other Current Charges	$250		$78		$250		$250	
TOTAL EXPENDITURES	$769,024		$462,635		$769,024		$764,224	

OTHER SOURCES/(USES):								
Interfund Transfer In	$0		$0		$0		$0	
TOTAL OTHER	$0		$0		$0		$0	

ASSIGNED FUND BALANCE	 	$0 	$312,328	 	$5,948	 	$0 

Page 7
The Crossings at Fleming Island
Community Development District
RESERVE BUDGET
Fiscal Year 2022

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
FY2022

	Series		Series		Series		Series		ADOPTED	
	2014		2014		2014		2017		FY2022	
	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		$218,848		$34,509		$950,255	
TOTAL REVENUES	$2,745,566		$400,700		$600,245		$101,582		$3,956,723	
EXPENDITURES:										
Interest Expense - 11/1	$326,925		$91,700		$146,575		$23,719		$588,919	
Principal Expense - 5/1	$1,395,000		$215,000		$90,000		$20,000		$1,720,000	
Interest Expense - 5/1	$326,925		$91,700		$146,575		$23,719		$588,919	
TOTAL EXPENDITURES	$2,048,850		$398,400		$383,150		$67,438		$2,897,838	
										
EXCESS REVENUES (EXPENDITURES)	$696,716		$2,300		$217,095		$34,145		$1,058,886	

(1) A1 and A2 Assessments are combined					

11/1/22 Interest:					
					2014 A/1				$299,025	
					2014 A/2				$84,175	
					2014 A/3				$143,650	
					2017				$23,144	
									$549,994	

Page 9
THE CROSSINGS AT FLEMING ISLAND
COMMUNITY DEVELOPMENT DISTRICT	Series 2014 A/1, Special Assessment Refunding Bonds
Amortization Schedule

DATE		PRINCIPAL
BALANCE		
RATE		
INTEREST		
PRINCIPAL		
TOTAL	
1-May-21		$ 16,360,000		4.000%		$	353,825.00		$	1,345,000.00			
1-Nov-21		$ 15,015,000		4.000%		$	326,925.00				$	2,025,750.00	
1-May-22		$ 15,015,000		4.000%		$	326,925.00		$	1,395,000.00			
1-Nov-22		$ 13,620,000		4.000%		$	299,025.00				$	2,020,950.00	
1-May-23		$ 13,620,000		4.000%		$	299,025.00		$	1,455,000.00			
1-Nov-23		$ 12,165,000		4.000%		$	269,925.00				$	2,023,950.00	
1-May-24		$ 12,165,000		4.000%		$	269,925.00		$	1,515,000.00			
1-Nov-24		$ 10,650,000		4.000%		$	239,625.00				$	2,024,550.00	
1-May-25		$ 10,650,000		4.500%		$	239,625.00		$	1,580,000.00			
1-Nov-25		$	9,070,000		4.500%		$	204,075.00				$	2,023,700.00	
1-May-26		$	9,070,000		4.500%		$	204,075.00		$	1,655,000.00			
1-Nov-26		$	7,415,000		4.500%		$	166,837.50				$	2,025,912.50	
1-May-27		$	7,415,000		4.500%		$	166,837.50		$	1,730,000.00			
1-Nov-27		$	5,685,000		4.500%		$	127,912.50				$	2,024,750.00	
1-May-28		$	5,685,000		4.500%		$	127,912.50		$	1,810,000.00			
1-Nov-28		$	3,875,000		4.500%		$	87,187.50				$	2,025,100.00	
1-May-29		$	3,875,000		4.500%		$	87,187.50		$	1,895,000.00			
1-Nov-29		$	1,980,000		4.500%		$	44,550.00				$	2,026,737.50	
1-May-30		$	1,980,000		4.500%		$	44,550.00		$	1,980,000.00		$	2,024,550.00	
						$ 3,885,950.00		$ 16,360,000.00		$ 20,245,950.00	

**Revised 3/3/21											

Page 10

THE CROSSINGS AT FLEMING ISLAND
COMMUNITY DEVELOPMENT DISTRICT	Series 2014 A/2, Special Assessment Refunding Bonds
Amortization Schedule

DATE		PRINCIPAL
BALANCE		
RATE		
INTEREST		
PRINCIPAL		
TOTAL	
1-May-21	$	2,820,000	7.000%	$	98,700.00	$	200,000.00							
1-Nov-21	$	2,620,000	7.000%	$	91,700.00		$	390,400.00						
1-May-22	$	2,620,000	7.000%	$	91,700.00	$	215,000.00							
1-Nov-22	$	2,405,000	7.000%	$	84,175.00		$	390,875.00						
1-May-23	$	2,405,000	7.000%	$	84,175.00	$	230,000.00							
1-Nov-23	$	2,175,000	7.000%	$	76,125.00		$	390,300.00						
1-May-24	$	2,175,000	7.000%	$	76,125.00	$	250,000.00							
1-Nov-24	$	1,925,000	7.000%	$	67,375.00		$	393,500.00						
1-May-25	$	1,925,000	7.000%	$	67,375.00	$	270,000.00							
1-Nov-25	$	1,655,000	7.000%	$	57,925.00		$	395,300.00						
1-May-26	$	1,655,000	7.000%	$	57,925.00	$	285,000.00							
1-Nov-26	$	1,370,000	7.000%	$	47,950.00		$	390,875.00						
1-May-27	$	1,370,000	7.000%	$	47,950.00	$	305,000.00							
1-Nov-27	$	1,065,000	7.000%	$	37,275.00		$	390,225.00						
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						
1-May-30	$	380,000	7.000%	$	13,300.00	$	380,000.00	$	393,300.00						
$ 1,101,800.00		$ 2,820,000.00		$	3,921,800.00							

**Revised 5/1/16

Page 11
COMMUNITY DEVELOPMENT DISTRICT	Series 2014 A/3, Special Assessment Refunding Bonds Amortization Schedule

DATE		PRINCIPAL
BALANCE		
RATE	
INTEREST		
PRINCIPAL		
TOTAL	

1-May-21		
$	4,590,000		
6.500%	
$	149,175.00		
$	80,000.00			
1-Nov-21		$	4,510,000		6.500%	$	146,575.00				$	375,750.00	
1-May-22		$	4,510,000		6.500%	$	146,575.00		$	90,000.00			
1-Nov-22		$	4,420,000		6.500%	$	143,650.00				$	380,225.00	
1-May-23		$	4,420,000		6.500%	$	143,650.00		$	95,000.00			
1-Nov-23		$	4,325,000		6.500%	$	140,562.50				$	379,212.50	
1-May-24		$	4,325,000		6.500%	$	140,562.50		$	100,000.00			
1-Nov-24		$	4,225,000		6.500%	$	137,312.50				$	377,875.00	
1-May-25		$	4,225,000		6.500%	$	137,312.50		$	105,000.00			
1-Nov-25		$	4,120,000		6.500%	$	133,900.00				$	376,212.50	
1-May-26		$	4,120,000		6.500%	$	133,900.00		$	115,000.00			
1-Nov-26		$	4,005,000		6.500%	$	130,162.50				$	379,062.50	
1-May-27		$	4,005,000		6.500%	$	130,162.50		$	120,000.00			
1-Nov-27		$	3,885,000		6.500%	$	126,262.50				$	376,425.00	
1-May-28		$	3,885,000		6.500%	$	126,262.50		$	130,000.00			
1-Nov-28		$	3,755,000		6.500%	$	122,037.50				$	378,300.00	
1-May-29		$	3,755,000		6.500%	$	122,037.50		$	140,000.00			
1-Nov-29		$	3,615,000		6.500%	$	117,487.50				$	379,525.00	
1-May-30		$	3,615,000		6.500%	$	117,487.50		$	145,000.00			
1-Nov-30		$	3,470,000		6.500%	$	112,775.00				$	375,262.50	
1-May-31		$	3,470,000		6.500%	$	112,775.00		$	155,000.00			
1-Nov-31		$	3,315,000		6.500%	$	107,737.50				$	375,512.50	
1-May-32		$	3,315,000		6.500%	$	107,737.50		$	170,000.00			
1-Nov-32		$	3,145,000		6.500%	$	102,212.50				$	379,950.00	
1-May-33		$	3,145,000		6.500%	$	102,212.50		$	180,000.00			
1-Nov-33		$	2,965,000		6.500%	$	96,362.50				$	378,575.00	
1-May-34		$	2,965,000		6.500%	$	96,362.50		$	190,000.00			
1-Nov-34		$	2,775,000		6.500%	$	90,187.50				$	376,550.00	
1-May-35		$	2,775,000		6.500%	$	90,187.50		$	205,000.00			
1-Nov-35		$	2,570,000		6.500%	$	83,525.00				$	378,712.50	
1-May-36		$	2,570,000		6.500%	$	83,525.00		$	220,000.00			
1-Nov-36		$	2,350,000		6.500%	$	76,375.00				$	379,900.00	
1-May-37		$	2,350,000		6.500%	$	76,375.00		$	230,000.00			
1-Nov-37		$	2,120,000		6.500%	$	68,900.00				$	375,275.00	
1-May-38		$	2,120,000		6.500%	$	68,900.00		$	250,000.00			
1-Nov-38		$	1,870,000		6.500%	$	60,775.00				$	379,675.00	
1-May-39		$	1,870,000		6.500%	$	60,775.00		$	265,000.00			
1-Nov-39		$	1,605,000		6.500%	$	52,162.50				$	377,937.50	
1-May-40		$	1,605,000		6.500%	$	52,162.50		$	280,000.00			
1-Nov-40		$	1,325,000		6.500%	$	43,062.50				$	375,225.00	
1-May-41		$	1,325,000		6.500%	$	43,062.50		$	300,000.00			
1-Nov-41		$	1,025,000		6.500%	$	33,312.50				$	376,375.00	
1-May-42		$	1,025,000		6.500%	$	33,312.50		$	320,000.00			
1-Nov-42		$	705,000		6.500%	$	22,912.50				$	376,225.00	
1-May-43		$	705,000		6.500%	$	22,912.50		$	340,000.00			
1-Nov-43		$	365,000		6.500%	$	11,862.50				$	374,775.00	
1-May-44		$	365,000		6.500%	$	11,862.50		$	365,000.00		$	376,862.50	
					$	4,469,400.00		$	4,590,000.00		$	9,059,400.00	
**Revised 3/3/21										
					Page 12					
COMMUNITY DEVELOPMENT DISTRIC	Series 2017, Special Assessment Revenue Bonds Amortization Schedule

DATE		PRINCIPAL
BALANCE		
RATE		
INTEREST		
PRINCIPAL		
TOTAL	

1-Nov-17		
$	870,000		
5.750%		
$	20,982.71				
$	20,982.71	
1-May-18		$	870,000		5.750%		$	25,012.50		$	-			
1-Nov-18		$	870,000		5.750%		$	25,012.50				$	50,025.00	
1-May-19		$	870,000		5.750%		$	25,012.50		$	15,000.00			
1-Nov-19		$	855,000		5.750%		$	24,581.25				$	64,593.75	
1-May-20		$	855,000		5.750%		$	24,581.25		$	15,000.00			
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%		$	17,825.00		$	30,000.00			
1-Nov-31		$	590,000		5.750%		$	16,962.50				$	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%		$	14,087.50				$	64,181.25	
1-May-35		$	490,000		5.750%		$	14,087.50		$	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%		$	8,193.75				$	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%		$	5,175.00				$	66,931.25	
1-May-42		$	180,000		5.750%		$	5,175.00		$	55,000.00			
1-Nov-42		$	125,000		5.750%		$	3,593.75				$	63,768.75	
1-May-43		$	125,000		5.750%		$	3,593.75		$	60,000.00			
1-Nov-43		$	65,000		5.750%		$	1,868.75				$	65,462.50	
1-May-44		$	65,000		5.750%		$	1,868.75		$	65,000.00		$	66,868.75	
						$	879,170.21		$	870,000.00		$	1,749,170.21	

Page 13

Water/Sewer Fund
The Crossings at Fleming Island	WATER/SEWER FUND COMMUNITY DEVELOPMENT DISTRICT		FY2022

	ADOPTED FY2021		ACTUAL THRU		TOTAL PROJECTED AT		ADOPTED FY2022	

REVENUES:	 	BUDGET			 	7/31/21			 	9/30/21			 	BUDGET		
Water Revenue	$1,250,000		$1,008,932		$1,250,000		$1,250,000	
Wastewater Revenue	$2,140,000		$1,867,868		$2,140,000		$2,140,000	
Reclaimed Water Revenue	$810,000		$624,224		$810,000		$810,000	
Service Charges	$58,000		$53,520		$58,000		$58,000	
Debt Capacity Charge	$1,890,000		$1,597,528		$1,890,000		$1,890,000	
Interest/Misc. Income	$42,000		$3,183		$42,000		$42,000	
Carry Forward Surplus	$0		$0		$0		$270,466	
TOTAL REVENUES	$6,190,000		$5,155,255		$6,190,000		$6,460,466	
EXPENDITURES:								
ADMINISTRATIVE:								
Engineering	$1,500		$0		$1,500		$1,500	
Arbitrage	$1,650		$550		$1,650		$1,650	
Dissemination Agent	$1,000		$833		$1,000		$1,000	
District Attorney	$24,000		$19,281		$24,400		$24,000	
Annual Audit	$4,000		$2,258		$4,000		$4,000	
Trustee Fees	$8,500		$8,095		$8,095		$8,500	
District Manager/Administrator	$71,500		$59,358		$71,500		$71,500	
Computer Time	$1,000		$833		$1,000		$1,000	
Postage	$1,000		$578		$1,000		$1,000	
Insurance	$45,000		$43,951		$43,951		$45,000	
Legal Advertising	$1,000		$0		$1,000		$1,000	
Other Current Charges	$15,000		$13,380		$15,000		$15,000	
WATER/WASTEWATER/REUSE:								
Service Charges	$65,000		$53,473		$65,000		$65,000	
Meter Expenses	$1,000		$0		$1,000		$1,000	
Purchased Water	$1,360,000		$1,048,979		$1,360,000		$1,360,000	
Treated Wastewater	$2,150,000		$1,867,868		$2,150,000		$2,150,000	
Alternative Water Supply	$49,000		$41,998		$49,000		$49,000	
Purchased Reclaimed Water	$190,000		$167,466		$190,000		$190,000	
Repairs & Maintenance	$30,000		$3,129		$30,000		$30,000	
Electric	$35,000		$21,016		$35,000		$35,000	
Capital Outlay	$40,000		$40,813		$100,000		$240,000	
Contingency	$25,000		$0		$25,000		$25,000	
TOTAL OPERATING EXPENSES	 	$4,120,150 		     $3,393,861 		 	$4,179,096 		 	$4,320,150 	
DEBT SERVICE:								
Interest Expense - 4/1	$417,719		$417,719		$417,719		$405,601	
Principal Expense - 10/1	$905,000		$754,157		$905,000		$930,000	
Interest Expense - 10/1	$417,719		$278,480		$417,719		$405,601	
TOTAL DEBT SERVICE	 	$1,740,439 		     $1,450,356 		 	$1,740,438 		 	$1,741,201 	
TOTAL EXPENSES	 	$5,860,589 		     $4,844,217 		 	$5,919,534 		 	$6,061,351 	
EXCESS REVENUES (EXPENDITURES)	 	$329,411 		 	$311,038 		 	$270,466 		 	$399,114 	

Debt Service Coverage (115%)	
119%						
123%	

Page 14
THE CROSSINGS AT FLEMING ISLAND	Series 2016, Utility Refunding Bonds COMMUNITY DEVELOPMENT DISTRICT		Amortization Schedule

PRINCIPAL
DATE	BALANCE	INTEREST	PRINCIPAL	TOTAL

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-Oct-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	
		$	7,958,412.70		$ 19,905,000.00		$	27,863,412.70	

Page 15

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. 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 – 4/1/22	$405,600.63	
Principal Expense – 10/1/22	$930,000.00	
Interest Expense – 10/1/22	$405,600.63	
Total	$1,741,201.26	

Page 18

Golf Fund
The Crossings at Fleming Island						GOLF FUND	
COMMUNITY DEVELOPMENT DISTRICT						FY2022	
ADOPTED		ACTUAL		TOTAL		ADOPTED	
FY2021		THRU		PROJECTED AT		FY2022	
BUDGET		7/31/21		9/30/21		BUDGET	
REVENUES:							
User Fees - Dues	$371,985		$335,163		$371,985		$391,000	
Greens/Cart Fees	$1,138,535		$1,068,646		$1,138,535		$1,275,000	
Tournament Golf Income	$96,501		$0		$96,501		$103,000	
Merchandise/Food/Beverage Sale	$1,464,131		$1,282,403		$1,464,131		$1,591,060	
Rental Revenue	$21,426		$45,066		$42,000		$49,000	
Membership Income - Other Fees	$4,332		$3,879		$4,332		$4,400	
Miscellaneous Income	$85,180		$55,384		$85,180		$60,000	
Interest Income/Commissions	$0		$308		$308		$0	
Sales Tax/Gratuities/Lesson Income	$0		$425,548		$514,205		$514,205	
TOTAL REVENUES	$3,182,090		$2,790,848		$3,717,177		$3,987,665	
COST OF GOODS SOLD:							
Cost of Goods Sold	$636,787		$571,389		$636,787		$685,000	
GROSS PROFIT	$2,545,303		$2,219,459		$3,080,390		$3,302,665	

EXPENDITURES:							
Operating Expenses:							
Salaries	$1,101,953		$885,097		$1,101,953		$1,283,000	
Commissions & Bonuses	$18,200		$20,000		$24,000		$24,900	
Rental Commissions	$12,226		$9,486		$12,226		$12,500	
Employee Expenses	$219,345		$193,476		$232,171		$270,000	
Employee Uniforms	$4,430		$5,031		$5,000		$5,000	
Travel & Per Diem	$1,667		$766		$1,667		$2,000	
Training	$2,000		$215		$2,000		$500	
Employee Advertising	$797		$442		$797		$1,000	
Janitorial Expense/Supplies	$24,765		$28,632		$34,358		$34,400	
Tournaments & Events	$45,231		$39,043		$45,231		$45,500	
Centralized Services	$82,090		$73,691		$82,090		$83,000	
Course & Grounds Maintenance	$40,656		$28,180		$40,656		$41,000	
Repairs - Equipment	$39,106		$25,789		$39,106		$39,000	
Repairs - Buildings	$15,897		$7,161		$9,000		$15,000	
Operating Supplies	$101,895		$59,299		$75,000		$75,000	
Demo Equipment Expense	$0		$790		$790		$0	
Office Supplies	$2,778		$3,176		$3,500		$3,500	
Postage	$434		$107		$434		$500	
Printing & Reproduction	$0		$789		$1,000		$1,000	
Utility Services	$86,891		$60,378		$74,000		$74,000	
Gas/Oil/Propane	$33,763		$23,319		$30,000		$30,000	
Refuse & Potables	$28,624		$22,159		$28,624		$28,000	
Telephone/T1 Line	$7,628		$5,247		$7,628		$7,700	
Security/Pest Control	$8,801		$18,533		$22,000		$22,000	
Music & Cable Service	$12,588		$6,321		$12,000		$12,000	
Dues and Subscriptions	$7,300		$4,766		$7,300		$7,300	
Chemicals	$46,621		$46,267		$46,621		$55,000	
Fertilizer - Course	$47,065		$29,410		$44,000		$50,000	
Sand, Seed & Dressing	$29,000		$24,392		$29,000		$33,900	
Licenses/Permits	$4,211		$3,311		$4,211		$4,300	
Bad Debt Expense	$0		$5,833		$6,000		$0	
Cash Short/Over	$0		$141		$0		$0	
Miscellaneous	$3,193		$4,223		$4,700		$4,700	
Other Services	$26,988		$6,580		$7,896		$8,000	
Trustee Fees/Bank Charges	$85,702		$69,950		$83,840		$84,000	
Management Fees - Hampton	$86,400		$71,365		$86,400		$86,400	
Rentals & Leases	$226,395		$192,223		$230,667		$230,667	
Lake Maintenance	$30,000		$25,000		$30,000		$30,000	
Insurance	$25,560		$42,573		$38,228		$51,600	
Other Current Charges	$29,640		$24,009		$29,640		$29,640	
District Manager/Administrator	$38,500		$30,231		$38,500		$38,500	
District Attorney	$5,820		$5,034		$5,820		$5,820	
Audit	$5,475		$1,917		$1,917		$2,000	
Non-Recurring/Other/Prior Year	$0		$38,442		$29,903		$0	
Sales Tax/Gratuities/Lesson Expense	$0		$425,548		$514,205		$514,205	
TOTAL EXPENDITURES	$2,589,635		$2,568,344		$3,124,079		$3,346,532	
							
Net Operating Income:	($44,332)		($348,885)		($43,690)		($43,867)	
Non-Operating Expenses:							
Other Income	$0		$0		$0		$0	
Principal Expense - 10/1	($390,000)		($292,500)		($390,000)		($420,000)	
Interest Expense - 10/1	($57,090)		($57,090)		($57,090)		($44,220)	
Interest Expense - 4/1	($57,090)		($38,060)		($57,090)		($44,220)	
Capital Expenses	$0		$0		$0		$0	
Other Expenses	$0		$0		$0		$0	
Bond Assessment	$0		$0		$0		$0	
TOTAL NON-OPERATING	($504,180)		($387,650)		($504,180)		($508,440)	
							
EXCESS REVENUES (EXPENDITURES)	($548,512)		($736,535)		($547,870)		($552,307)	
Page 19
THE CROSSINGS AT FLEMING ISLAND	Series 1999, Golf Course Revenue Bonds COMMUNITY DEVELOPMENT DISTRICT		Amortization Schedule

PRINCIPAL
DATE	BALANCE	RATE	INTEREST	PRINCIPAL	TOTAL

1-Apr-05	$	5,535,000	6.600%	$	182,655.00	$	-		
1-Oct-05	$	5,535,000	6.600%	$	182,655.00	$	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	$	150,000.00	$	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	$	160,000.00	$	506,170.00	
1-Apr-08	$	5,085,000	6.600%	$	167,805.00	$	-		
1-Oct-08	$	5,085,000	6.600%	$	167,805.00	$	170,000.00	$	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	$	180,000.00	$	504,390.00	
1-Apr-10	$	4,735,000	6.600%	$	156,255.00	$	-		
1-Oct-10	$	4,735,000	6.600%	$	156,255.00	$	195,000.00	$	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	$	506,110.00	
1-Apr-13	$	4,115,000	6.600%	$	135,795.00	$	-		
1-Oct-13	$	4,115,000	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%	$	128,040.00	$	250,000.00	$	506,080.00	
1-Apr-15	$	3,630,000	6.600%	$	119,790.00	$	-		
1-Oct-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-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	$	2,445,000	6.600%	$	80,685.00	$	-		
1-Oct-19	$	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-Oct-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-Oct-22	$
1-Apr-23	$
1-Oct-23	$
1-Apr-24	$
1,340,000
1,340,000
920,000
920,000
475,000
6.600%	$
6.600%	$
6.600%	$
6.600%	$
6.600%	$
44,220.00
44,220.00
30,360.00
30,360.00
15,675.00
$	-
$	420,000.00
$	-
$	445,000.00
$	-

$	508,440.00

$	505,720.00

$	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 BUDGET
Fiscal Year 2022

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:	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:	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 FY2022-2026 Budget Five Year Capital Plan

Fiscal Year	Capital Budget

2022	$	250,000	
2023	$	250,000	
2024	$	250,000	
2025	$	250,000	
2026	$	250,000	

Page 24

Swim & Tennis Fund
The Crossings at Fleming Island	SWIM & TENNIS FUND COMMUNITY DEVELOPMENT DISTRICT		FY2022

	ADOPTED FY2021		ACTUAL THRU		TOTAL PROJECTED AT		ADOPTED FY2022	
	BUDGET		7/31/21		9/30/21		BUDGET	
REVENUES:								
User Fees	$80,000		$61,815		$65,000		$65,000	
Lesson Income	$135,000		$151,479		$157,500		$157,500	
CDD Lesson Income	$15,000		$16,999		$17,500		$17,500	
Merchandise/Food/Beverage Sale	$100,000		$125,479		$130,000		$135,000	
TOTAL REVENUES	 	$330,000 		 	$355,772 		 	$370,000 		 	$375,000 	
COST OF GOODS SOLD:								
Cost of Goods Sold	$75,000		$95,363		$99,185		$103,000	
GROSS PROFIT	 	$255,000 		 	$260,409 		 	$270,815 		 	$272,000 	
EXPENDITURES:								
Operating Expenses:								
Salaries	$765,000		$578,606		$705,000		$765,000	
Employee Expenses	$158,000		$137,476		$158,000		$172,000	
Employee Education and Training	$3,500		$3,141		$3,500		$8,000	
Lessons Paid Out	$135,000		$151,735		$157,500		$157,500	
Promotional Activities	$75,000		$40,913		$75,000		$75,000	
Communications and Freight	$20,000		$13,653		$15,000		$15,000	
Customer Service & Advertising	$17,000		$2,175		$8,000		$8,000	
Other Contractual	$10,000		$20,990		$25,000		$25,000	
Repairs & Maintenance	$60,000		$54,057		$60,000		$60,000	
Operating Supplies	$22,000		$20,184		$22,000		$22,000	
Office Supplies	$20,000		$19,017		$20,000		$20,000	
Printing & Binding	$500		$0		$0		$0	
Utility Services	$120,000		$99,556		$120,000		$120,000	
Gas/Oil/Propane	$21,000		$15,292		$21,000		$21,000	
Chemicals	$45,000		$42,861		$50,000		$56,500	
Licenses/Permits	$3,000		$6,842		$7,000		$6,000	
Shrinkage	$0		$0		$0		$0	
Cash Short/Over	$0		$40		$0		$0	
Trustee Fees	$14,000		$12,741		$14,000		$15,250	
District Manager/Administrator	$33,250		$11,245		$33,000		$33,000	
Insurance	$25,000		$20,348		$25,000		$25,000	
Taxes	$0		$14		$14		$0	
Audit	$3,000		$0		$3,000		$3,000	
TOTAL EXPENDITURES	 	$1,550,250 		     $1,250,887 		 	$1,522,014 		 	$1,607,250 	
Non-Operating Income/Expenses:								
Interfund Transfer In - GF	$1,295,250		$1,079,375		$1,310,639		$1,335,250	
Other Income	$0		$261		$250		$0	
Nonrecurring & Capital Expenses	$0		($842)		($842)		$0	
TOTAL NON-OPERATING	 	$1,295,250 		     $1,078,794 		 	$1,310,047 		 	$1,335,250 	
EXCESS REVENUES (EXPENDITURES)	 	$0 		$88,316		$58,848		$0	
Page 25

Revenues:

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

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

Roster & League Fees:	This income is generated from fees charged to residents who participate
on USTA, Country Club and other local leagues

Expenditures:

Operating Expenses:

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

Employee Expenses:	Payroll expenses (Taxes, Workers Comp, Health Insurance, and 401K) Management Fees (Hampton):	Swim and Tennis management fees
Other Contractual:	Pest Control, Muzak, Alarm Service, and Employee Uniforms Travel and Per Diem:	Mileage reimbursement and work-related travel
Bad Debt Expense:	Write off’s for non-recoverable income Communications and Freight:	Telephone, Postage and Waste Removal Utility Services:	Electric and Water & Sewer
Repairs and Maintenance:	Equipment repairs for Swim, Tennis and F&B. This also includes all
building related repairs

Printing & Binding:	Creating of advertising booklets for events

Promotional Activities:	Promotion and event expenses for community events and Lifestyle
events (Haunted Hayride, etc.)

Office Supplies:	Paper, printer cartridges, receipt paper, etc.

Operating Supplies:	Janitorial supplies, first aid equipment, miscellaneous Swim and Tennis
supplies

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

Page 26

Books/Publications/Subs/	Answer Tech (Boat Storage) USPTA dues, CMAA dues, Sam’s, etc. Memberships:

Centralized Services:	Two T-1 lines, Email marketing, Newsletter, centralized accounting Lessons Paid Out:	Lesson income paid to instructors
Bank Expenses:	Credit card commissions and bank fees

Chemicals:	Pool chemicals

Licenses & Permits:	Licenses and pool permits

Rentals & Leases:	Rental equipment

Insurance:	Liability and property insurance

District Management/	District Management and GMS, LLC fees Administration:

Audit:	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