Proposed Budget
FY 2027

Thursday, May 28, 2026

Presented by:
Table of Contents

1-4

5-6

7

8-11

12-15

16-19

20

21-22
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

23	Assessments

Proposed Budget General Fund

Description	FY2026	4/30/26		5 Months		9/30/26	FY 2027	
REVENUES:						
Special Assessments - On Roll	$  3,487,971	$  3,456,983	$	30,988	$  3,487,971	$  3,697,317	
Boat/RV Storage Fees	115,000	68,620	48,500	117,120	110,000	
Interest Income	180,000	102,306	85,255	187,561	160,000	
Misc/Newsletter/Rental Income	21,000	4,299	3,583	7,882	10,000	
TOTAL REVENUES	$3,803,971	$3,632,208	$168,326	$3,800,534	$3,977,317	

EXPENDITURES:						
Administrative						
Supervisor Fees	$	15,000	$	5,718	$	4,000	$	9,718	$	15,000	
PR-FICA/Workers Comp/PR Fees	17,000	16,052	3,001	19,053	24,000	
Engineering	7,000	-	3,500	3,500	7,000	
District Attorney	33,400	17,178	17,178	34,356	34,343	
Litigation Counsel	50,000	87,484	25,000	112,484	75,000	
Annual Audit	4,500	-	4,500	4,500	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	1,225	875	2,100	2,100	
Trustee Fees	20,000	-	19,728	19,728	20,000	
Management Fees	105,450	70,226	35,224	105,450	109,649	
General Administrative	15,000	7,399	5,285	12,684	17,000	
Insurance General Liability	74,128	63,167	-	63,167	70,000	
Other Current Charges	5,000	612	437	1,049	5,000	
Dues, Licenses & Website	25,000	8,600	6,143	14,743	17,200	
TOTAL ADMINISTRATIVE	$393,053	$297,136	$124,870	$422,006	$420,267	

Operations & Maintenance						
Maintenance Expenditures						
Landscape Maintenance	$	863,116	$	503,484	359,631	$	863,115	$	910,000	
Landscape Maintenance - Contingency	110,000	79,672	30,328	110,000	115,000	
Lake Maintenance	90,000	41,655	48,345	90,000	100,000	
Cost Sharing Agreement - Stone Creek	14,000	-	14,000	14,000	15,000	
Facility/Preventative Maintenance	250,000	103,766	146,234	250,000	250,000	
Utilities	160,000	70,857	89,143	160,000	175,000	
Security	45,000	20,403	24,597	45,000	45,000	
Operating Reserves	5,895	-	-	-	7,970	
TOTAL MAINTENANCE EXPENDITURES	$1,538,011	$819,837	$712,278	$1,532,115	$1,617,970	
						
TOTAL EXPENDITURES	$1,931,064	$1,116,973	$837,149	$1,954,122	$2,038,237	

Other Sources/(Uses)						
Interfund Transfer In/(Out) - SBA Reserve	(125,000)	-	(125,000)	(125,000)	(90,000)	
Interfund Transfer Out - Swim & Tennis	(1,747,907)	(1,019,612)	(728,295)	(1,747,907)	(1,849,080)	
Interfund Transfer In/(Out) - Capital Reserve	-	-	-	-	-	
TOTAL OTHER SOURCES/(USES)	$(1,872,907)	$(1,019,612)	$(853,295)	$(1,872,907)	$(1,939,080)	
						
EXCESS REVENUES (EXPENDITURES)	$0	$1,495,623	$(1,522,118)	$(26,495)	$(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 Ruppert Landscape LLC 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 various vendors.
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

Account #	Service Address	Avg.	Avg. Annual Monthly			
Clay Electric				
5525209	2425 Country Side Dr	$	33	$	391	
7658685	1522-1 Brookstrone Dr	$	33	$	391	
7658743	1928-1 Eagle Harbor Parkway	$	42	$	502	
7658750	2088-1 Eagle Harbor Parkway	$	74	$	891	
7658776	1909 Eagle Harbor Parkway	$	39	$	464	
7658784	1619 Misty Lake Drive	$	203	$	2,436	
7658800	1992-1 Eagle Harbor Parkway	$	58	$	699	
7658818	1302-1 Oak Landing Lane	$	41	$	491	
7658834	1542 Linkside Drive	$	173	$	2,078	
7658842	1245 Forest Park Drive	$	59	$	710	
7658867	1320-1 South Shore Dr	$	33	$	391	
7658875	1229 Salt Marsh	$	33	$	391	
7658883	4312 Lake Shore Dr East	$	94	$	1,125	
7658891	4486-1 Lakeshore Dr E	$	66	$	791	
7658917	2327-1 Marsh Landing Ct	$	33	$	391	
7658925	1995-1 Vista Lakes Dr	$	47	$	569	
7658958	4523 Lakeshore Dr E	$	91	$	1,086	
7658966	1687-1 Lakeshore Drive N	$	33	$	396	
7659014	1760-1 Cross Pine Drive	$	479	$	5,748	
7659022	1709-2 Cross Pines Drive	$	33	$	399	
7659048	2291-1 Old Pine Trail	$	32	$	386	
7659063	2286-2 Trailwood Drive	$	32	$	386	
7659089	1709-1 Cross Pines Drive	$	41	$	486	
7659097	2234 Eagle Harbor Parkway	$	32	$	386	
7659121	2402 Daniels Landing Dr	$	53	$	631	
7659139	3460-1 Manard Branch Ct	$	34	$	406	
7659147	2486-1 Stoney Glen Irrigation	$	40	$	483	
7659154	Eagle Harbor Pkwy Lighting	$	34	$	406	
7659162	1796-2 Eagle HBr on 17 at Fountain	$	2,551	$	30,612	
7659188	1812-1 Eagle Creek Dr	$	568	$	6,814	
7675689	1880 Eagle Harbor Parkway	$	33	$	392	
8092223	2105 Harbor Lake Drive	$	382	$	4,583	
8975347	1848 Town Center Blvd Time Clock 4 Irr	$	146	$	1,757	
9009006	2104 Eagle Talon Irrigation	$	32	$	386	
9108410	2249 Eagle Perch Pl - Entry Sign	$	32	$	386	
		$	32	$	386	
			$	69,226	
Clay County Utility Authority				
00120031	1880 Eagle Harbor Parkway	$	422	$	5,065	
00120061	1850 Eagle Harbor Pkwy Fountains	$	897	$	10,764	
00120251	1778 Fiddler's Ridge Drive Rclm Irr	$	132	$	1,580	
00120311	1909 Eagle Harbor Pkwy	$	84	$	1,007	
00120321	4312 Lakeshore Drive E	$	89	$	1,068	
00120531	4523 Lakeshore Drive	$	75	$	904	
00120541	2105 Eagle Lake Drive	$	103	$	1,234	
00120591	Entrance to Brookstone Irr	$	283	$	3,390	
00130319	1501 Brookstone Dr Irr	$	68	$	820	
00159869	1775 Eagle Harbor Pkwy Irr	$	118	$	1,418	
00159887	Entrance to The Preserves Irr	$	152	$	1,818	
00178790	2286-2 Trailwood Dr Rclm Irr	$	372	$	4,463	
00178791	1779-1 Cross Pines Dr - Rclm Irr	$	130	$	1,564	
00178792	2298-1 Old Pine Trail Rclm Irr	$	89	$	1,070	
00186015	1229-1 Salt Marsh Lane Irr	$	136	$	1,637	
00188477	1709-2 Cross Pines Drive Rclm Irr	$	52	$	626	
00195643	2331-1 Old Pine Trail Rclm Irr	$	57	$	685	
00195645	1743-1 Cross Pine Dr Rclm Irr	$	59	$	712	
00199911	2366-1 Old Pine Trail Rclm Irr	$	65	$	784	
00200394	1812-1 Eagle Creek Dr Rclm Irr	$	131	$	1,576	
00201898	2694-1 Country Side Dr Rclm Irr	$	53	$	637	
00202868	2638-1 Country Side Dr Rclm Irr	$	61	$	728	
00204041	2411-1 Country Side Dr Rclm Irr	$	54	$	642	
00204042	2424-2 Country Side Dr Rclm Irr	$	749	$	8,982	
00204151	1852-1 Eagle Creek Dr Rclm Irr	$	56	$	674	
00218768	2552-1 Country Side Dr Rclm Irr	$	86	$	1,031	
00229743	1961-1 Summit Ridge Rd Rclm Irr	$	55	$	656	
00231981	1612-1 Lake Terrace Lane Irr	$	150	$	1,799	
00534466	1719 Eagle Crest Drive Irrigation	$	84	$	1,010	
00541849	732 Water Oak Lane Irrigation	$	388	$	4,653	
00541850	6548 Bahia Road Irrigation	$	118	$	1,418	
00544400	2090 Arden Forest Place Irrigation	$	130	$	1,564	
00554422	2110 Eagle Talon Circle	$	157	$	1,882	
00544687	1848 Town Center Irrigation	$	183	$	2,193	
			$	70,054	
		Contingency	$	10,720	
  TOTAL  $ 150,000 
The Crossing at Fleming Island
Community Development District
Proposed Budget Capital Reserve Fund

REVENUES:

Special Assessments - On Roll
$	620,196  $
614,676  $
-	$	614,676  $
654,886
Interest Income	20,000	1,259	750	2,009	2,000

EXPENDITURES:

Capital Outlay

Capital Outlay
$	619,686  $
105,893  $
150,000  $
255,893  $
656,386
Other Current Charges	500	-	250	250	500
Other Sources/(Uses)
Transfer in/(Out)
$	-	$
-	$	-	$	-	$	-

TOTAL EXPENDITURES	$620,186	$105,893	$150,250	$256,143	$656,886	
						
EXCESS REVENUES (EXPENDITURES)	$20,010	$510,042	$(149,500)	$360,542	$-	
Reserve Fund Fiscal Year 2027

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

REVENUES:

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

EXPENDITURES:						
Interest - 11/1 Interest - 5/1 Principal - 5/1	$150,525 1,560,000
150,525	$43,575 280,000
43,575	$128,213 120,000
128,213	$20,556 25,000
20,556	$342,869 1,985,000
342,869	
TOTAL EXPENDITURES	$1,861,050	$367,150	$376,425	$66,113	$2,670,738	

Other Sources/(Uses)

Interfund transfer In/(Out)	

$-	

$-	

$-	

$-	

$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	

TOTAL EXPENDITURES	$1,861,050	$367,150	$376,425	$66,113	$2,670,738	
						
EXCESS REVENUES (EXPENDITURES)	$910,347	$215,112	$234,604	$48,477	$1,408,540	

(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	
Proposed Budget Water / Sewer Fund

Adopted	Actuals Thru	Projected Next Projected Thru	Proposed Budget				Budget						
Description	FY2026	4/30/26		5 Months		9/30/26	FY 2027	

REVENUES:						
Reclaimed Water Revenue	$	800,000	$	378,925	$	378,925	$	757,850	$	800,000	
Debt Capacity Charge	1,976,556	983,006	983,006	1,966,012	1,966,012	
Interest/Misc. Income	200,000	119,069	85,049	204,118	200,000	
TOTAL REVENUES	$2,976,556	$1,481,000	$1,446,980	$2,927,980	$2,966,012	

OPERATING EXPENSES						
Administrative						
Engineering	$	2,000	$	-	$	2,000	$	2,000	$	5,000	
Arbitrage	550	550	-	550	550	
Dissemination Agent	1,000	583	417	1,000	1,000	
District Attorney	29,352	13,742	15,610	29,352	27,482	
Annual Audit	4,500	-	4,500	4,500	4,500	
Trustee Fees	10,500	5,647	-	5,647	10,500	
District Manager/Administrator	101,295	52,257	49,038	101,295	109,650	
Computer Time	1,000	583	417	1,000	1,000	
Postage	1,000	56	40	96	1,000	
Insurance	74,128	63,167	-	63,167	69,000	
Other Current Charges	15,000	271	194	465	15,000	
TOTAL ADMINISTRATIVE	$240,325	$136,856	$72,215	$209,072	$244,682	

Operations & Maintenance						
Water/Wastewater/Reuse						
Meter Expenses	$	1,000	$	-	$	1,000	$	1,000	$	1,000	
Purchased Reclaimed Water	-	71,293	35,647	106,940	110,000	
Repairs & Maintenance	35,000	3,592	7,184	10,776	40,000	
Electric	40,000	18,770	18,770	37,540	45,000	
Capital Outlay	150,000	9,017	125,000	134,017	150,000	
Contingency	25,000	48,796	-	48,796	25,000	
TOTAL WATER/WASTEWATER/REUSE	$251,000	$151,468	$187,601	$339,069	$371,000	
						
TOTAL EXPENSES	$491,325	$288,324	$259,816	$548,140	$615,682	

Non-Operating Expenses						
Debt Service						
Interest Expense - 4/1	$	341,738	$	341,738	$0	$341,738	$	322,375	
Principal Expense - 10/1	1,060,000	-	1,060,000	1,060,000	1,095,000	
Interest Expense - 10/1	341,738	34,367	307,371	341,738	322,375	
TOTAL DEBT SERVICE	$1,743,475	$376,104	$1,367,371	$1,743,475	$1,739,750	
						
EXCESS REVENUES (EXPENDITURES)	$741,756	$816,572	$(180,206)	$636,365	$610,580	

Debt Service Coverage (115%)	
156%				
149%	
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 – 4/1/27	$322,375.01	
Principal Expense – 10/1/27	$1,095,000.00	
Interest Expense – 10/1/27	$322,375.01	
Total	$1,739,750.02	
The Crossing at Fleming Island
Community Development District
Proposed Budget Golf Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	4/30/26	  5 Months		9/30/26	FY 2027	

REVENUES:						
User Fees - Dues	$	516,085	$	274,229	$	241,856	$	516,085	$	519,456	
Greens/Cart Fees	1,958,219	1,037,740	$	920,479	1,958,219	1,786,264	
Merchandise/Food/Beverage Sale	1,923,477	1,132,276	$	791,201	1,923,477	1,923,477	
Rental Revenue	93,500	44,079	$	49,421	93,500	83,000	
Discount Programs	-	(22,404)	$	(26,000)	(48,404)	(50,000)	
Membership Income - Other Fees	5,324	3,065	$	2,259	5,324	8,992	
Miscellaneous Income	76,437	70,396	$	6,041	76,437	76,443	
Initiation Fees	15,750	15,725	$	25	15,750	15,500	
Interest Income/Commissions	-	2,279	$	(2,279)	-	3,000	
Sales Tax/Gratuities/Lesson Income	683,189	210	$	682,979	683,189	655,014	
TOTAL REVENUES	$5,271,981	$2,557,595	$2,665,982	$5,223,577	$5,021,146	

COST OF GOODS SOLD						
Cost of Goods Sold	$	801,999	$	449,983	352,016	$	801,999	$	727,793	
TOTAL GROSS PROFIT	$4,469,982	$2,107,612	$2,313,966	$4,421,578	$4,293,353	

OPERATING EXPENSES						
Salaries	$  1,762,634	$	990,741	$	771,893	$  1,762,634	$  1,723,387	
Commissions & Bonuses	65,597	32,752	32,845	65,597	$	53,050	
Employee Expenses	322,993	195,621	127,372	322,993	300,200	
Employee Uniforms	4,946	627	4,319	4,946	2,200	
Travel & Per Diem	-	169	(169)	-	550	
Training	9,899	2,049	7,850	9,899	3,300	
Janitorial Expense	25,200	14,420	10,780	25,200	25,000	
Janitorial Supplies	12,541	6,344	6,197	12,541	12,000	
Tournaments & Events	62,888	33,074	29,814	62,888	58,501	
Marketing & Advertising	26,897	13,067	13,830	26,897	25,000	
Centralized Services	78,600	31,850	46,750	78,600	61,200	
Course & Grounds Maintenance	29,646	21,607	8,039	29,646	26,000	
Repairs - Equipment	20,406	30,399	6,000	36,399	25,000	
Repairs - Buildings	13,236	3,328	9,908	13,236	2,000	
Operating Supplies	118,605	77,860	40,745	118,605	98,000	
Office Supplies	4,421	846	3,575	4,421	1,000	
Postage	600	31	569	600	50	
Printing & Reproduction	900	4,091	2,000	6,091	5,000	
Utility Services	113,493	62,310	51,183	113,493	115,000	
Gas/Oil/Propane	34,111	20,297	13,814	34,111	33,100	
Refuse & Potables	28,618	17,765	10,853	28,618	30,000	
Telephone/T1 Line	11,360	5,840	5,520	11,360	11,500	
Security/Pest Control	36,018	22,003	14,015	36,018	36,000	
Music & Cable Service	14,400	12,699	1,701	14,400	15,000	
Dues and Subscriptions	28,872	21,571	7,301	28,872	30,000	
Chemicals	65,849	45,781	20,068	65,849	80,905	
Fertilizer - Course	84,013	35,003	49,010	84,013	60,000	
Sand, Seed & Dressing	20,611	8,620	11,991	20,611	18,000	
Licenses/Permits	5,880	500	1,500	2,000	2,000	
Bad Debt	337	475	(138)	337	-	
Other Services	13,871	758	2,000	2,758	3,000	
Trustee Fees/Bank Charges	96,303	88,192	8,111	96,303	100,000	
Aerification	34,000	600	33,400	34,000	22,000	
Management Fees - Hampton	88,200	49,000	39,200	88,200	84,000	
Rentals & Leases	282,820	176,921	105,899	282,820	285,000	
Lake Maintenance	30,000	17,500	12,500	30,000	30,000	
Insurance	150,000	80,050	69,950	150,000	134,000	
Other Current Charges	34,192	19,706	14,486	34,192	33,800	
District Manager/Administrator	68,040	30,864	37,176	68,040	73,349	
District Attorney	6,672	3,958	2,714	6,672	6,870	
Audit	6,804	1,725	5,079	6,804	5,000	
Sales Tax/Gratuities/Lesson Expense	683,189	-	683,189	683,189	655,020	
TOTAL OPERATING EXPENSES	$4,497,661	$2,181,014	$2,322,837	$4,503,851	$4,284,982	
						
NET OPERATING INCOME	$(27,679)	$(73,402)	$(8,872)	$(82,274)	$8,371	
						
EXCESS REVENUES (EXPENDITURES)	$(27,679)	$(73,402)	$(8,872)	$(82,274)	$8,371	

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 FY2026-2030 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
Proposed Budget Swim & Tennis Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	4/30/26		5 Months		9/30/26	FY 2027	

REVENUES:						
User Fees	$165,000	$106,445	$76,032	$182,477	$165,000	
Tennis/Pickleball Lesson Income	270,000	184,289	131,635	315,924	300,000	
Merchandise/Food/Beverage Sale	155,000	44,390	100,000	144,390	155,000	
TOTAL REVENUES	$590,000	$335,124	$307,667	$642,791	$620,000	

COST OF GOODS SOLD						
Cost of Goods Sold	$120,000	$44,202	$77,419	$121,621	$120,000	
TOTAL GROSS PROFIT	$470,000	$290,922	$230,248	$521,170	$500,000	

OPERATING EXPENSES						
Salaries	$995,000	$	429,010	$565,990	$995,000	$1,069,000	
Employee Expenses	270,000	135,262	134,738	270,000	280,000	
Employee Education and Training	8,000	662	7,338	8,000	8,500	
Promotional Activities	100,000	45,665	54,335	100,000	102,000	
Activities & Events - Tennis	5,000	5,546	2,000	7,546	7,000	
Communications and Freight	32,000	16,396	15,604	32,000	35,000	
Customer Service & Advertising	6,000	1,829	4,171	6,000	6,500	
Other Contractual	40,000	23,714	16,286	40,000	42,500	
Repairs & Maintenance	90,000	28,050	61,950	90,000	92,700	
Operating Supplies	35,000	16,061	18,939	35,000	37,000	
Office Supplies	15,000	3,497	11,503	15,000	16,000	
Utility Services	165,858	74,926	90,932	165,858	175,000	
Gas/Oil/Propane	38,000	39,533	5,000	44,533	42,500	
Chemicals	85,000	27,723	57,277	85,000	90,000	
Licenses/Permits	4,000	294	3,706	4,000	4,000	
Cash Short/Over	0	(247)		(247)	0	
Trustee Fees	34,000	16,260	17,740	34,000	34,000	
District Manager/Administrator	50,000	27,233	22,767	50,000	61,250	
Insurance	45,419	24,565	20,854	45,419	46,000	
Taxes	130	152		152	130	
Audit	4,500	-	4,500	4,500	5,000	
TOTAL OPERATING EXPENSES	$2,022,907	$916,405	$1,115,356	$2,031,761	2,154,080	
						
NET OPERATING INCOME	$(1,552,907)	$(625,483)	$(885,108)	$(1,510,591)	(1,654,080)	

Non-Operating Expenses						
Interfund Transfer In - GF	$	1,747,907	$1,019,612	$728,295	$1,747,907	$	1,849,080	
Other Income	-	184	-	184	-	
Lesson Income	30,000	23,888	-	23,888	30,000	
Lessons Paid Out	(225,000)	(185,707)	(48,458)	(234,165)	(225,000)	
TOTAL NON-OPERATING EXPENSES	$1,552,907	$857,977	$679,837	$1,537,814	$1,654,080	
						
EXCESS REVENUES (EXPENDITURES)	$-	$232,494	$(205,271)	$27,223	$-	
The Crossing at Fleming Island
Community Development District
Swim/Tennis Fund Fiscal Year 2027

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 FY2027

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	Increase net by
%	
	FY 2026	FY 2027					

RESIDENTIAL	3276	$	752.33	$	2,464,633.08	$	800.35	$	2,621,946.60	$	45.14	6%	
COBBLESTONE & STATION	508	$	564.24	$	286,633.92	$	600.26	$	304,932.08	$	33.85	6%	
COMMERCIAL	253.19	$	6,394.85	$	1,619,112.71	$	6,803.03	$	1,722,459.85	$	383.69	6%	

Total Gross	4037.19		$	4,370,379.71		$	4,649,338.53	$	278,958.82		
Discount/Commission (6%)		$	262,222.78		$	278,960.31	$	16,737.53		
Net Assessments		$	4,108,156.93		$	4,370,378.21	$	262,221.29		

Alocation							
General Fund		$	3,487,971.30		$	3,715,492.21	$	227,520.91		
Reserve Fund		$	620,185.63		$	654,886.00	$	34,700.37		
Net Assessments		$	4,108,156.93		$	4,370,378.21	$	262,221.28