Adopted Budget
FY 2026

Thursday, August 28, 2025

Presented by:
Table of Contents

1-3

4-5

6

7-10

11-14

15-18

19

20-21
General Fund

Reserve Fund

Debt Service Funds 2014A1, A2, A3 and 2017

Debt Service Amortization schedules 2014A1, A2, A3 and 2017

Water/Sewer Fund

Golf Fund

Capital Plan

Swim/Tennis Fund

22	Assessments

The Crossing at Fleming Island
Community Development District
Adopted Budget General Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2025	7/31/25		2 Months		9/30/25	FY 2026	

REVENUES:						
Special Assessments - On Roll	$  3,487,971	$  3,500,923	$	-	$  3,500,923	$  3,487,971	
Boat/RV Storage Fees	108,000	97,523	19,400	116,923	115,000	
Interest Income	150,000	167,646	33,529	201,175	180,000	
Misc/Newsletter/Rental Income	29,000	16,938	3,388	20,326	21,000	
TOTAL REVENUES	$3,774,971	$3,783,030	$56,317	$3,839,347	$3,803,971	

EXPENDITURES:						
Administrative						
Supervisor Fees	$	15,000	$	6,800	$	2,000	$	8,800	$	15,000	
PR-FICA/Workers Comp/PR Fees	10,000	15,561	1,216	16,777	17,000	
Engineering	4,500	4,188	2,500	6,688	7,000	
District Attorney	29,142	27,795	9,265	37,060	33,400	
Litigation Counsel	-	11,231	-	11,231	50,000	
Annual Audit	3,750	2,596	-	2,596	4,500	
Assessment Administration	18,375	18,375	-	18,375	18,375	
Arbitrage Rebate	1,100	-	1,100	1,100	1,100	
Dissemination Agent	2,100	1,750	350	2,100	2,100	
Trustee Fees	14,945	20,302	-	20,302	20,000	
Management Fees	95,642	69,471	13,894	95,650	105,450	
General Administrative **costs included here	2,000	833	1,167	2,000	15,000	
Telephone/Postage **	1,600	540	225	765	-	
Insurance General Liability	70,243	69,373	-	69,373	74,128	
Printing & Binding. **	1,400	302	250	552	-	
Legal Advertising. **	2,500	362	1,200	1,562	-	
Other Current Charges	5,000	17,268	3,454	20,722	5,000	
Office Supplies. **	1,600	1,440	50	1,490	-	
Dues, Licenses & Website	10,000	10,469	2,094	12,563	25,000	
TOTAL ADMINISTRATIVE	$288,897	$278,656	$38,765	$329,705	$393,053	

Operations & Maintenance						
Maintenance Expenditures						
Landscape Maintenance	$	949,425	$	719,263	$	143,853	$	863,116	$	863,116	
Landscape Maintenance - Contingency	110,000	66,802	33,401	100,203	110,000	
Lake Maintenance	85,000	63,530	21,177	84,707	90,000	
Cost Sharing Agreement - Stone Creek	15,000	3,281	10,000	13,281	14,000	
Facility/Preventative Maintenance	250,000	175,025	87,513	262,538	250,000	
Utilities	150,000	118,867	39,622	158,489	160,000	
Security	45,000	29,016	9,672	38,688	45,000	
Operating Reserves	25,760	-	-	-	5,895	
TOTAL MAINTENANCE EXPENDITURES	$1,630,186	$1,175,784	$345,237	$1,521,021	$1,538,011	
						
TOTAL EXPENDITURES	$1,919,083	$1,454,440	$384,002	$1,850,727	$1,931,064	

Other Sources/(Uses)						
Interfund Transfer In/(Out) - SBA Reserve	(125,000)	-	(125,000)	(125,000)	(125,000)	
Interfund Transfer Out - Swim & Tennis	(1,730,888)	(1,442,407)	(288,481)	(1,730,888)	(1,747,907)	
Interfund Transfer In/(Out) - Capital Reserve	-	-	-	-	-	
TOTAL OTHER SOURCES/(USES)	$(1,855,888)	$(1,442,407)	$(413,481)	$(1,855,888)	$(1,872,907)	
						
EXCESS REVENUES (EXPENDITURES)	$0	$886,183	$(741,166)	$132,732	$0	

Special Assessments - On Roll
The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all of the operating expenses for the Fiscal Year in accordance with the adopted budget.
Boat/RV Storage Fees
The District collects fees from Residents for use of the Boat/RV/Trailer storage facility.
Interest Income
Interest income on funds in operating account and excess funds in the State Board of Administration.
Misc./Newsletter Income/Rental Income
Fees paid by local vendors for Newsletter space, rental of meeting rooms and any other miscellaneous income.

Supervisors Fees
The District anticipates 15 meetings per year with all five board members in attendance and each receiving $200.00 per meeting.
FICA Taxes
FICA tax on all employee and Supervisor payroll.
Engineering
The District's engineering firm, Hadden Engineering, will be providing general engineering services to the District.
District Attorney
The District's legal counsel, Bradley, Garrison & Komando, P.A., will be providing general legal services to the District, including attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.
Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District is currently contracted with McDirmit Davis & Company, LLC for the audit engagement.
Assessment Roll
Assessment Roll administrative services are provided by GMS, LLC for updating the districts’ tax roll, certifying the annual assessments and collection of prepaid assessments.
Arbitrage Rebate
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.
Trustee Fees
The District’s Series 2014 A1/A2, A3 and 2017 Special Assessment Revenue Refunding Bonds are held by a Trustee at U.S. Bank. The amount represents the fee for the administration of the District’s bond issue.
District Management/Administration Fees
The District receives Management, Accounting and Administrative services from their CDD employed District Manager and as part of an Administrative Agreement with Governmental Management Services, LLC.

General Administration
Information Technology
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.
Communication - Telephone
This item includes telephone and fax service.
Postage and Delivery
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.
Printing and Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings etc. with Clay Today.
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.

Insurance General Liability
The District's General Liability & Public Officials Liability and Property Insurance policies are with Egis Insurance and Risk Advisors. They specialize in providing insurance coverage to governmental agencies. This expense is shared with the Water/Sewer Fund and the Golf Course Fund.
Other Current Charges
Bank charges and any other miscellaneous expenses incurred during the year.

Due, Licenses & Subscriptions
The District is required to pay an annual fee to Florida Commerce for $175. Also includes the cost to maintain ADA website and publish newsletter.

Landscape Maintenance
The District is currently contracted with Tree Amigos Outdoor Services for the Landscape of the Districts common areas.
Landscape Maintenance - Contingency
This category represents any additional landscaping work needed that is outside the scope of the contract with Tree Amigos
Lake Maintenance
The Lake Doctors provides aquatic pond maintenance.
Cost Sharing Agreement - Stone Creek
Maintenance costs other than utilities paid to The Stone Creek HOA for upkeep of CDD property.
Facility/Preventative Maintenance
Cost of routine repairs and maintenance of the District’s assets.
Utilities
Includes the following utility accounts held by the District:

Security
Comcast
Clay Electric Cooperative CCUA
Internet Service
Electric Service for the Eagle Harbor CDD Office Water service for the Eagle Harbor CDD office
The District has an agreement with the Clay County Sherrif's Office to provide CCSO Officer patrols.

Interfund Transfer Out – Swim & Tennis
The Board has agreed to an annual subsidy to the Swim & Tennis Fund to cover operations.
Utility Schedule - General Fund

Adopted Budget

  TOTAL  $ 150,000 
The Crossing at Fleming Island
Community Development District
Adopted Budget Capital Reserve Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2025	7/31/25		2 Months		9/30/25	FY 2026	

REVENUES:						
Special Assessments - On Roll	$	620,186	$	622,489	$	-	$	622,489	$	620,196	
Interest Income	-	27,979	1,000	28,979	20,000	
TOTAL REVENUES	$620,186	$650,468	$1,000	$651,468	$640,196	

EXPENDITURES:						
Capital Outlay						
Capital Outlay	$	619,686	$	2,203,984	$	50,000	$	2,253,984	$	619,686	
Other Current Charges	500	417	250	667	500	
TOTAL EXPENDITURES	$620,186	$2,204,401	$50,250	$2,254,651	$620,186	

Other Sources/(Uses)						

Transfer in/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	

TOTAL EXPENDITURES	$620,186	$2,204,401	$50,250	$2,254,651	$620,186	
						
EXCESS REVENUES (EXPENDITURES)	$-	$(1,553,933)	$(49,250)	$(1,603,183)	$20,011	
Reserve Fund Fiscal Year 2026

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.

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.
Adopted Budget
Debt Service Series 2014A/1, A/2, A/3 and Series 2017

REVENUES:

Special Assessments-On Roll	$1,829,625	$582,262	$378,767	$67,073	$2,857,727	
Carry Forward Surplus (1)	941,772	-	232,262	47,517	1,221,551	
TOTAL REVENUES	$2,771,397	$582,262	$611,029	$114,590	$4,079,278	

EXPENDITURES:						
Interest - 11/1	$184,050	$52,675	$131,788	$21,131	$389,644	
Interest - 5/1	1,490,000	260,000	110,000	20,000	1,880,000	
Principal - 5/1	184,050	52,675	131,788	21,131	389,644	
TOTAL EXPENDITURES	$1,858,100	$365,350	$373,575	$62,263	$2,659,288	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$-	
$-	
$-	
$-	
$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$1,858,100	$365,350	$373,575	$62,263	$2,659,288	
						
EXCESS REVENUES (EXPENDITURES)	$913,297	$216,912	$237,454	$52,327	$1,419,990	

(1) Carry Forward is Net of Reserve Requirement

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/23	
$10,975,000	
4.000%		
$243,513	
243,512.50	
05/01/24	10,975,000	4.000%	1,370,000	243,513		
11/01/24	9,605,000	4.000%		216,113	1,829,625.00	
05/01/25	9,605,000	4.500%	1,425,000	216,113		
11/01/25	8,180,000	4.500%		184,050	1,825,162.50	
05/01/26	8,180,000	4.500%	1,490,000	184,050		
11/01/26	6,690,000	4.500%		150,525	1,824,575.00	
05/01/27	6,690,000	4.500%	1,560,000	150,525		
11/01/27	5,130,000	4.500%		115,425	1,825,950.00	
05/01/28	5,130,000	4.500%	1,635,000	115,425		
11/01/28	3,495,000	4.500%		78,638	1,829,062.50	
05/01/29	3,495,000	4.500%	1,710,000	78,638		
11/01/29	1,785,000	4.500%		40,163	1,828,800.00	
05/01/30	1,785,000	4.500%	1,785,000	40,163	1,825,162.50	
Total			$10,975,000	$2,056,850	$13,031,850	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/23	
$1,975,000	
7.000%		
$69,125	
69,125.00	
05/01/24	1,975,000	7.000%	225,000	69,125		
11/01/24	1,750,000	7.000%		61,250	355,375.00	
05/01/25	1,750,000	7.000%	245,000	61,250		
11/01/25	1,505,000	7.000%		52,675	358,925.00	
05/01/26	1,505,000	7.000%	260,000	52,675		
11/01/26	1,245,000	7.000%		43,575	356,250.00	
05/01/27	1,245,000	7.000%	280,000	43,575		
11/01/27	965,000	7.000%		33,775	357,350.00	
05/01/28	965,000	7.000%	300,000	33,775		
11/01/28	665,000	7.000%		23,275	357,050.00	
05/01/29	665,000	7.000%	320,000	23,275		
11/01/29	345,000	7.000%		12,075	355,350.00	
05/01/30	345,000	7.000%	345,000	12,075	357,075.00	
Total			$1,975,000	$591,500	$2,566,500	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/23	
$4,260,000	
6.500%		
$138,450	
138,450.00	
05/01/24	4,260,000	6.500%	100,000	138,450		
11/01/24	4,160,000	6.500%		135,200	373,650.00	
05/01/25	4,160,000	6.500%	105,000	135,200		
11/01/25	4,055,000	6.500%		131,788	371,987.50	
05/01/26	4,055,000	6.500%	110,000	131,788		
11/01/26	3,945,000	6.500%		128,213	370,000.00	
05/01/27	3,945,000	6.500%	120,000	128,213		
11/01/27	3,825,000	6.500%		124,313	372,525.00	
05/01/28	3,825,000	6.500%	125,000	124,313		
11/01/28	3,700,000	6.500%		120,250	369,562.50	
05/01/29	3,700,000	6.500%	135,000	120,250		
11/01/29	3,565,000	6.500%		115,863	371,112.50	
05/01/30	3,565,000	6.500%	145,000	115,863		
11/01/30	3,420,000	6.500%		111,150	372,012.50	
05/01/31	3,420,000	6.500%	155,000	111,150		
11/01/31	3,265,000	6.500%		106,113	372,262.50	
05/01/32	3,265,000	6.500%	165,000	106,113		
11/01/32	3,100,000	6.500%		100,750	371,862.50	
05/01/33	3,100,000	6.500%	175,000	100,750		
11/01/33	2,925,000	6.500%		95,063	370,812.50	
05/01/34	2,925,000	6.500%	190,000	95,063		
11/01/34	2,735,000	6.500%		88,888	373,950.00	
05/01/35	2,735,000	6.500%	200,000	88,888		
11/01/35	2,535,000	6.500%		82,388	371,275.00	
05/01/36	2,535,000	6.500%	215,000	82,388		
11/01/36	2,320,000	6.500%		75,400	372,787.50	
05/01/37	2,320,000	6.500%	230,000	75,400		
11/01/37	2,090,000	6.500%		67,925	373,325.00	
05/01/38	2,090,000	6.500%	245,000	67,925		
11/01/38	1,845,000	6.500%		59,963	372,887.50	
05/01/39	1,845,000	6.500%	260,000	59,963		
11/01/39	1,585,000	6.500%		51,513	371,475.00	
05/01/40	1,585,000	6.500%	280,000	51,513		
11/01/40	1,305,000	6.500%		42,413	373,925.00	
05/01/41	1,305,000	6.500%	295,000	42,413		
11/01/41	1,010,000	6.500%		32,825	370,237.50	
05/01/42	1,010,000	6.500%	315,000	32,825		
11/01/42	695,000	6.500%		22,588	370,412.50	
05/01/43	695,000	6.500%	335,000	22,588	357,587.50	
11/01/43	360,000	6.500%		11,700	11,700.00	
05/01/44	360,000	6.500%	360,000	11,700	371,700.00	
Total			$4,260,000	$3,685,500	$7,945,500	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/23	
$775,000	
5.750%		
$22,281	
22,281.25	
05/01/24	775,000	5.750%	20,000	22,281		
11/01/24	755,000	5.750%		21,706	63,987.50	
05/01/25	755,000	5.750%	20,000	21,706		
11/01/25	735,000	5.750%		21,131	62,837.50	
05/01/26	735,000	5.750%	20,000	21,131		
11/01/26	715,000	5.750%		20,556	61,687.50	
05/01/27	715,000	5.750%	25,000	20,556		
11/01/27	690,000	5.750%		19,838	65,393.75	
05/01/28	690,000	5.750%	25,000	19,838		
11/01/28	665,000	5.750%		19,119	63,956.25	
05/01/29	665,000	5.750%	25,000	19,119		
11/01/29	640,000	5.750%		18,400	62,518.75	
05/01/30	640,000	5.750%	30,000	18,400		
11/01/30	610,000	5.750%		17,538	65,937.50	
05/01/31	610,000	5.750%	30,000	17,538		
11/01/31	580,000	5.750%		16,675	64,212.50	
05/01/32	580,000	5.750%	30,000	16,675		
11/01/32	550,000	5.750%		15,813	62,487.50	
05/01/33	550,000	5.750%	35,000	15,813		
11/01/33	515,000	5.750%		14,806	65,618.75	
05/01/34	515,000	5.750%	35,000	14,806		
11/01/34	480,000	5.750%		13,800	63,606.25	
05/01/35	480,000	5.750%	35,000	13,800		
11/01/35	445,000	5.750%		12,794	61,593.75	
05/01/36	445,000	5.750%	40,000	12,794		
11/01/36	405,000	5.750%		11,644	64,437.50	
05/01/37	405,000	5.750%	40,000	11,644		
11/01/37	365,000	5.750%		10,494	62,137.50	
05/01/38	365,000	5.750%	45,000	10,494		
11/01/38	320,000	5.750%		9,200	64,693.75	
05/01/39	320,000	5.750%	45,000	9,200		
11/01/39	275,000	5.750%		7,906	62,106.25	
05/01/40	275,000	5.750%	50,000	7,906		
11/01/40	225,000	5.750%		6,469	64,375.00	
05/01/41	225,000	5.750%	50,000	6,469		
11/01/41	175,000	5.750%		5,031	61,500.00	
05/01/42	175,000	5.750%	55,000	5,031		
11/01/42	120,000	5.750%		3,450	63,481.25	
05/01/43	120,000	5.750%	60,000	3,450	63,450.00	
11/01/43	60,000	5.750%		1,725	1,725.00	
05/01/44	60,000	5.750%	60,000	1,725	61,725.00	
Total			$775,000	$580,750	$1,355,750	
Adopted Budget Water / Sewer Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2025	7/31/25		2 Months		9/30/25	FY 2026	

REVENUES:						
Reclaimed Water Revenue	$	800,000	$	619,274	$	123,855	$	743,129	$	800,000	
Debt Capacity Charge	1,976,556	1,645,704	329,141	1,974,845	1,976,556	
Interest/Misc. Income	200,000	176,812	35,362	212,174	200,000	
TOTAL REVENUES	$2,976,556	$2,441,790	$488,358	$2,930,148	$2,976,556	

OPERATING EXPENSES						
Administrative						
Engineering	$	2,000	$	-	$	2,000	$	2,000	$	2,000	
Arbitrage	550	550	-	550	550	
Dissemination Agent	1,000	833	167	1,000	1,000	
District Attorney	25,904	22,236	7,412	29,648	29,352	
Annual Audit	3,750	2,596	-	2,596	4,500	
Trustee Fees	10,500	-	10,242	10,242	10,500	
District Manager/Administrator	83,774	69,811	13,962	83,773	101,295	
Computer Time	1,000	833	167	1,000	1,000	
Postage	1,000	5	250	255	1,000	
Insurance	70,243	65,477	-	65,477	74,128	
Legal Advertising	1,000	-	-	-	-	
Other Current Charges	15,000	724	145	868	15,000	
TOTAL ADMINISTRATIVE	$215,721	$163,065	$34,345	$197,409	$240,325	

Operations & Maintenance						
Water/Wastewater/Reuse						
Meter Expenses	$	1,000	$	-	$	1,000	$	1,000	$	1,000	
Purchased Reclaimed Water	200,000	58,952	-	58,952	-	
Repairs & Maintenance	35,000	9,054	20,000	29,054	35,000	
Electric	40,000	26,947	5,389	32,336	40,000	
Capital Outlay	150,000	2,981	125,000	127,981	150,000	
Contingency	25,000	-	25,000	25,000	25,000	
TOTAL WATER/WASTEWATER/REUSE	$451,000	$97,934	$176,389	$274,323	$251,000	
						
TOTAL EXPENSES	$666,721	$260,999	$210,734	$471,733	$491,325	
Non-Operating Expenses						
Debt Service						
Interest Expense - 4/1	$	359,828	$	359,828	$-	$359,828	$	341,738	
Principal Expense - 10/1	1,020,000	850,000	170,000	1,020,000	1,060,000	
Interest Expense - 10/1	359,828	239,885	119,942	359,828	341,738	
TOTAL DEBT SERVICE	$1,739,655	$1,449,713	$289,942	$1,739,655	$1,743,475	
						
EXCESS REVENUES (EXPENDITURES)	$570,180	$731,078	$(12,318)	$718,760	$741,756	

Debt Service Coverage (115%)	
145%				
156%	
AMORTIZATION SCHEDULE
Debt Service Series 2016 Utility Refunding Bonds

Period	Outstanding Balance	Principal	Interest	Annual Debt Service	

04/01/22	
$19,905,000	
$-	
$405,601	
-	
10/01/22	19,905,000	930,000	405,601	1,741,201	
04/01/23	18,975,000	-	391,829		
10/01/23	18,975,000	960,000	391,829	1,743,658	
04/01/24	18,015,000	-	376,548		
10/01/24	18,015,000	985,000	376,548	1,738,095	
04/01/25	17,030,000	-	359,828		
10/01/25	17,030,000	1,020,000	359,828	1,739,655	
04/01/26	16,010,000	-	341,738		
10/01/26	16,010,000	1,060,000	341,738	1,743,475	
04/01/27	14,950,000	-	322,375		
10/01/27	14,950,000	1,095,000	322,375	1,739,750	
04/01/28	13,855,000	-	300,672		
10/01/28	13,855,000	1,140,000	300,672	1,741,344	
04/01/29	12,715,000	-	277,729		
10/01/29	12,715,000	1,185,000	277,729	1,740,459	
04/01/30	11,530,000	-	252,529		
10/01/30	11,530,000	1,235,000	252,529	1,740,059	
04/01/31	10,295,000	-	226,254		
10/01/31	10,295,000	1,290,000	226,254	1,742,509	
04/01/32	9,005,000	-	198,804		
10/01/32	9,005,000	1,345,000	198,804	1,742,609	
04/01/33	7,660,000	-	170,179		
10/01/33	7,660,000	1,405,000	170,179	1,745,359	
04/01/34	6,255,000	-	138,986		
10/01/34	6,255,000	1,465,000	138,986	1,742,973	
04/01/35	4,790,000	-	106,441		
10/01/35	4,790,000	1,525,000	106,441	1,737,881	
04/01/36	3,265,000	-	72,566		
10/01/36	3,265,000	1,595,000	72,566	1,740,131	
04/01/37	1,670,000	-	37,128		
10/01/37	1,670,000	1,670,000	37,128	1,744,256	
Total		$19,905,000	$7,958,413	$27,863,413	

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.
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.
Interest/Misc. Income
Represents interest earned on excess funds invested with the State Board of Administration.

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.
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, Swim & Tennis and the Golf Course Fund.
Trustee Fees
The fee for the administration of the District's 2016 Utility Refunding Bonds.

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 and Delivery
This item includes mailing of agenda packages, overnight deliveries, correspondence, etc.
Insurance General Liability
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, Swim & Tennis and the Golf Course Fund.
Other Current Charges
Bank charges and any other miscellaneous expenses.

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

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 – 4/1/26	$341,737.51	
Principal Expense – 10/1/26	$1,060,000.00	
Interest Expense – 10/1/26	$341,737.51	
Total	$1,743,475.02	

Adopted Budget

The Crossing at Fleming Island
Community Development District
Adopted Budget Golf Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2025	7/31/25	  2 Months 	9/30/25	FY 2026	

REVENUES:						
User Fees - Dues	$	451,220	$	385,145	$	275,104	$	660,249	$	516,085	
Greens/Cart Fees	1,935,002	1,536,488	1,097,491	2,633,979	1,713,279	
Merchandise/Food/Beverage Sale	1,865,652	1,739,632	1,242,594	2,982,226	1,923,477	
Rental Revenue	80,300	85,469	10,000	95,469	93,500	
Tournament Revenue	-	-	-	-	244,940	
Discount Programs	(60,079)	(35,717)	(25,512)	(61,229)	-	
Membership Income - Other Fees	5,324	(2,262)	-	(2,262)	5,324	
Miscellaneous Income	74,672	107,987	77,134	185,121	76,437	
Initiation Fees	19,500	34,463	24,616	59,079	15,750	
Interest Income/Commissions		3,364	2,403	5,767	-	
Sales Tax/Gratuities/Lesson Income	674,180	300	673,880	674,180	683,189	
TOTAL REVENUES	$5,045,771	$3,854,869	$3,377,710	$7,232,579	$5,271,981	

COST OF GOODS SOLD						
Cost of Goods Sold	$	753,109	$	692,277	$	138,455	$	830,732	$	801,999	
TOTAL GROSS PROFIT	$4,292,662	$3,162,592	$3,239,255	$6,401,847	$4,469,982	

OPERATING EXPENSES						
Salaries	$  1,799,214	$  1,436,603	$	292,321	$  1,728,924	$  1,762,634	
Commissions & Bonuses	47,544	61,021	12,204	73,225	65,597	
Rental Commissions	3,750	-	-	-	-	
Employee Expenses	326,252	278,884	55,777	334,661	322,993	
Employee Uniforms	3,485	4,588	918	5,506	4,946	
Travel & Per Diem	-	338	68	406	-	
Training	4,150	3,778	756	4,534	9,899	
Janitorial Expense	24,000	16,264	3,253	19,517	25,200	
Janitorial Supplies	3,600	12,964	2,593	15,557	12,541	
Tournaments & Events	38,350	51,741	10,348	62,089	62,888	
Marketing & Advertising	25,560	22,261	4,452	26,713	26,897	
Centralized Services	63,600	40,850	8,170	49,020	78,600	
Course & Grounds Maintenance	36,000	20,236	4,047	24,283	29,646	
Repairs - Equipment	24,300	18,971	3,794	22,765	20,406	
Repairs - Buildings	12,300	5,684	1,137	6,821	13,236	
Operating Supplies	114,890	101,876	20,375	122,251	118,605	
Office Supplies	4,800	1,745	349	2,094	4,421	
Postage	300	29	6	35	600	
Printing & Reproduction	400	1,673	335	2,008	900	
Utility Services	84,000	91,011	18,202	109,213	113,493	
Gas/Oil/Propane	41,717	26,322	5,264	31,586	34,111	
Refuse & Potables	16,800	22,045	4,409	26,454	28,618	
Telephone/T1 Line	11,916	7,104	1,421	8,525	11,360	
Security/Pest Control	24,300	36,976	7,395	44,371	36,018	
Music & Cable Service	12,000	15,385	3,077	18,462	14,400	
Dues and Subscriptions	19,450	25,908	5,182	31,090	28,872	
Chemicals	80,905	39,785	7,957	47,742	65,849	
Fertilizer - Course	83,700	38,069	17,614	55,683	84,013	
Sand, Seed & Dressing	41,700	6,698	1,340	8,038	20,611	
Licenses/Permits	5,880	750	150	900	5,880	
Bad Debt	3,000	(133)	(27)	(160)	337	
Other Services	12,000	872	174	1,046	13,871	
Trustee Fees/Bank Charges	94,059	131,033	26,207	157,240	96,303	
Aerification	45,000	10,375	2,075	12,450	34,000	
Management Fees - Hampton	86,400	70,000	14,000	84,000	88,200	
Rentals & Leases	265,756	217,315	43,463	260,778	282,820	
Lake Maintenance	30,000	25,000	5,000	30,000	30,000	
Insurance	132,000	120,848	24,170	145,018	150,000	
Other Current Charges	32,400	26,640	5,328	31,968	34,192	
District Manager/Administrator	39,600	56,490	11,298	67,788	68,040	
District Attorney	5,820	5,537	1,107	6,644	6,672	
Audit	2,040	3,329	666	3,995	6,804	
Equipment	-	328	66	394	-	
Sales Tax/Gratuities/Lesson Expense	674,180	-	674,180	674,180	683,189	
TOTAL OPERATING EXPENSES	$4,377,118	$3,057,193	$1,300,619	$4,357,811	$4,497,661	
						
NET OPERATING INCOME	$(84,456)	$105,399	$1,938,636	$2,044,035	$(27,679)	
						
EXCESS REVENUES (EXPENDITURES)	$(84,456)	$105,399	$1,938,636	$2,044,035	$(27,679)	

User Fees - Dues
Patron membership dues for all categories
Greens/Cart Fees
Green and Cart fee revenues
Merchandise/Food/Beverage Sale
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 - Other Fees
Patron Trail Fees, Handicap dues, and Range Dues.
Miscellaneous Income
Cart repair income, Lesson income, Finance charges, and Daily range fees.

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
Training
Training seminars for staff.
Janitorial Expense/Supplies
Janitorial service and supplies

Tournaments & 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.
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 & Reproduction
Stationary and letterhead
Utility Services
Electric and Water & Sewer
Gas/Oil/Propane
F&B Propane, Gas, Diesel, and Hydraulic Oil
Refuse & Potables
Waste removal service
Telephone/T1 Line
Maintenance Internet, telephone and admin telephone
Other Conractual Services
Alarm and Pest Control services, Aerification contractor
Music & Cable Service
Music system for the clubhouse
Dues & Subscriptions
Comcast, FSGA handicap dues, PGA dues, etc
Chemicals
Golf course chemicals
Fertilizer - Course
Golf course fertilizers

Sand, Seed & Dressing
Over seed, Top dressing, Divot sand, and Mulch
Licenses/Permits
Food and Beverage licenses, ASCAP, SESAC
Trustee Fees/Bank Charges
Credit card commissions and Trustee charges
Management Fees - Hampton
Golf Club management fees (Hampton)
Rentals & Leases
Cart fleet, Maintenance equipment, Dishwasher, Irrigation computer and Copier
Lake Maintenance
Treatment of lakes on GC for algae and weeds
Insurance
Liability and Property insurance
Other Current Charges
Real Estate taxes
District Manager/Administrator
District Manager and GMS, LLC fees.

District Attorney
Attorney fees
Audit
Audit fees

Principal Expense
Golf Bond Principal Payment
Interest Expense
Interest on the Golf Bond

Golf Fund FY2024-2029 Budget Five Year Capital Plan

2026	$	250,000	
2027	$	250,000	
2028	$	250,000	
2029	$	250,000	
2030	$	250,000	
The Crossing at Fleming Island
Community Development District
Adopted Budget Swim & Tennis Fund

REVENUES:

User Fees
$150,000
$144,601
$103,286
$247,887
$165,000
Tennis/Pickleball Lesson Income	230,619	257,679	184,056	441,735	270,000
Merchandise/Food/Beverage Sale	185,000	130,210	182,294	312,504	155,000

COST OF GOODS SOLD

Cost of Goods Sold
$140,000
$95,974
$134,364
$230,338
$120,000

OPERATING EXPENSES

Salaries
$965,000
$747,725
$217,275
$965,000
$995,000
Employee Expenses	270,200	201,469	58664	260,133	270,000
Employee Education and Training	8,000	1,382	2,500	3,882	8,000
Promotional Activities	100,000	64,568	35,432	100,000	100,000
Activities & Events - Tennis	20,000	(3,237)	10,000	6,763	5,000
Communications and Freight	28,000	26,648	4,000	30,648	32,000
Customer Service & Advertising	6,000	2,124	3,876	6,000	6,000
Other Contractual	27,500	31,379	6,275	37,654	40,000
Repairs & Maintenance	100,000	51,362	48,638	100,000	90,000
Operating Supplies	24,000	29,400	5,880	35,280	35,000
Office Supplies	15,000	7,978	5,000	12,978	15,000
Utility Services	165,859	100,834	65,025	165,859	165,858
Gas/Oil/Propane	26,000	34,867	-	34,867	38,000
Chemicals	80,000	69,851	10,149	80,000	85,000
Licenses/Permits	4,000	2,958	1,042	4,000	4,000
Cash Short/Over	-	-	-	-	0
Trustee Fees	25,000	26,209	4,470	30,679	34,000
District Manager/Administrator	48,168	37,610	10,558	48,168	50,000
Insurance	34,970	36,377	-	36,377	45,419
Taxes	60	127	127	130
Audit	3,750	-	3,750	3,750	4,500

Non-Operating Expenses

Interfund Transfer In - GF
$	1,730,888
$1,442,407
$288,481
$1,730,888  $
1,747,907
Other Income	-	(2,598)	-	(2,598)	-
Lesson Income	25,000	40,502	5,600	46,102	30,000
Lessons Paid Out	(230,000)	(256,230)	(183,021)	(234,165)	(225,000)

The Crossing at Fleming Island
Community Development District
Swim/Tennis Fund Fiscal Year 2026

User Fees
Pass Holder Income, Guest Fees, Facility Rental and Finance charges
Lesson Income
Revenue generated from Tennis/Pickleball/Swim lessons
CDD Lesson Income
CDD portion of revenue generated from Tennis/Pickleball/Swim lessons
Merchandise/Food/Beverage Sale
Tennis Merchandise sales and Snack Bar sales (Net of Cost of Goods Sold)

Salaries
Salaried and hourly full time and part time employee’s wages for Aquatics/Lifestyles/Maintenance/Tennis/Pickleball
Employee Expenses
Payroll expenses (Taxes, Workers Comp, Health Insurance, and 401K) and uniforms
Employee Education and Training
Aquatic employees mandatory training requirements
Lessons Paid Out
Revenue generated from Tennis/Pickleball/Swim lessons paid to employees
Activities & Events
Community events (parades, dive in movies etc…)
Activities & Events - Tennis
Tennis/Pickleball events
Communications and Freight
Telephone, Internet, Postage
Customer Service & Advertising
Graphic design, accounting, email
Other Contractual
Pest Control, Alarm Service, IT
Repairs & Maintenance
Equipment repairs and maintenance

Operating Supplies
Janitorial supplies, first aid equipment and misc. supplies
Office Supplies
Paper, printer cartridges, receipt paper, etc..
Utility Services
Electric, Water & Sewer
Gas/Oil/Propane
Propane for the Snack Bar and Waterfront pool heaters

Chemicals
Pool chemicals
Licenses/Permits
Licenses and pool permits
Trustee/Bank Expenses
Credit card commissions and bank fees
District Management/Administration
The District receives Management, Accounting and Administrative Administration:
Insurance
Liability and property insurance
Audit
Annual Audit fees

Inter-fund Transfer In
CDD Funds to operate the Swim & Tennis operation, over and above revenues generated
The Crossing at Fleming Island
Community Development District
Non-Ad Valorem Assessments FY2026

Land Use	#Lots/	Annual Maintenance Assessments Acres						
	
Gross per units	Total Gross Assessments	
Gross per units	Updated Total Net O&M	
Increase net by $X	
	FY 2025	FY 2026				

RESIDENTIAL	3276	$	752.33	$	2,464,633.08	$	752.33	$	2,464,633.08	$	-	
COBBLESTONE & STATION	508	$	564.24	$	286,633.92	$	564.24	$	286,633.92	$	-	
COMMERCIAL	253.19	$	6,394.85	$	1,619,112.71	$	6,394.85	$	1,619,112.71	$	-	

Total Gross	4037.19		$	4,370,379.71		$	4,370,379.71	$	-	
Discount/Commission (6%)		$	262,222.78		$	262,222.78	$	-	
Net Assessments		$	4,108,156.93		$	4,108,156.93	$	-	

Alocation						
General Fund		$	3,487,971.30		$	3,487,960.93	$	(10.37)	
Reserve Fund		$	620,185.63		$	620,196.00	$	10.37	
Net Assessments		$	4,108,156.93		$	4,108,156.93	$	(0.00)