Author: GMS AP

Montecito
Community Development District
General Fund Fiscal Year 2021

Montecito Community Development District
General Fund Budget Fiscal Year 2021

Montecito
Community Development District
Capital Reserve Fund Fiscal Year 2021

Montecito
Community Development District
Disaster Reserve Fund Fiscal Year 2021

Montecito Community Development District

Montecito Community Development District

Adopted Budget FY 2021

Montecito
Community Development District

Table of Contents |
General Fund | Pages 1-2
General Fund Narrative | 3-12
Capital Reserve Fund | 13
Disaster Reserve Fund | 14
Debt Service Fund | 15
Assessment Allocation Chart | 16-17

| Adopted Budget | Actuals Thru | Projected Next | Projected Total Thru | Adopted Budget |
FY 2020 | 6/30/20 | 3 Months | 9/30/20 | FY 2021 |
Revenues | | | | | |
Maintenance Assessments | $	723,971 | $	726,343 | $	- | $	726,343 | $	723,971 |
Interest Income | - | 8 | - | 8 | - |
Gate & Amenity Access Income | - | 2,345 | - | 2,345 | - |
Clubhouse Rental Income | - | 650 | - | 650 | - |
Miscellaneous Income | - | 220 | - | 220 | - |
Total Revenues | $	723,971 | $	729,566 | $	- | $	729,566 | $	723,971 |
Expenditures | | | | | |
Administrative Expenses | | | | | |
Supervisor Fees | $	7,200 | $	5,400 | $	3,000 | $	8,400 | $	7,200 |
District Management | 40,000 | 30,000 | 10,000 | 40,000 | 41,200 |
District Engineer | 30,000 | 24,353 | 5,648 | 30,000 | 30,000 |
District Counsel | 30,000 | 19,750 | 10,250 | 30,000 | 30,000 |
Disclosure Report | 1,500 | 1,500 | - | 1,500 | 1,500 |
Trustee Fees | 3,500 | 2,333 | 1,167 | 3,500 | 3,500 |
Assessment Roll | 5,000 | 5,000 | - | 5,000 | 5,000 |
Auditing Services | 5,000 | - | 4,675 | 4,675 | 5,000 |
Arbitrage Rebate Calculation | 500 | 450 | - | 450 | 500 |
Public Officials/General Liability Insurance | 14,600 | 14,170 | - | 14,170 | 15,590 |
Legal Advertising | 2,000 | 1,820 | 800 | 2,620 | 2,000 |
Dues, Licenses, & Subscriptions | 175 | 175 | - | 175 | 175 |
Information Technology | 2,400 | 960 | 300 | 1,260 | 2,400 |
Property Appraiser | 250 | 211 | - | 211 | 250 |
Reimbursable Expenses | 1,200 | 624 | 300 | 924 | 1,200 |
Contingency | 500 | 503 | 100 | 603 | 500 |
Administrative Expenses Total | $	143,825 | $	107,248 | $	36,239 | $	143,487 | $	146,015 | 20.2%
Operations and Maintenance Expenses | | | | | |
Field Management | | | | | |
Field Manager | $	18,000 | $	13,500 | $	4,500 | $	18,000 | $	18,540 |
Onsite Facility Supervisor Salary | 38,480 | 30,098 | 7,659 | 37,757 | 44,252 |
Payroll Taxes | 3,500 | 2,351 | 1,000 | 3,351 | 3,500 |
Workers Compensation Costs | 1,600 | 1,772 | - | 1,772 | 1,949 |
Cell Phone & Mileage Reimbursement | 600 | 225 | 75 | 300 | 600 |
ADP Fees | 2,400 | 1,202 | 510 | 1,712 | 2,400 |
Property Insurance | 30,000 | 26,622 | - | 26,622 | 29,284 |
Field Management Subtotal | $	94,580 | $	75,770 | $	13,744 | $	89,514 | $	100,525 |
Amenity Center Operations | | | | | |
Repairs & Maintenance (Non-HVAC) | $	10,000 | $	6,176 | $	3,824 | $	10,000 | $	10,000 |
HVAC Repairs & Maintenance | 2,000 | 185 | 500 | 685 | 2,000 |
Office Supplies | 1,500 | 724 | 375 | 1,099 | 1,500 |
Janitorial Supplies | 850 | 165 | 250 | 415 | 1,850 |
Janitorial Services | 5,400 | 4,518 | 1,350 | 5,868 | 6,900 |
Pest Control & Termite Bond | 921 | 859 | 80 | 939 | 1,000 |
Fitness Equipment Repairs & Maintenance | 2,500 | 1,083 | 725 | 1,808 | 2,500 |
Playground Repairs & Maintenance | 1,000 | - | 250 | 250 | 1,000 |
Pool Service Repairs & Maintenance | 12,500 | 14,087 | 2,385 | 16,472 | 12,500 |
Amenity Center Operations Subtotal | $	36,671 | $	27,796 | $	9,739 | $	37,535 | $	39,250 |

| Adopted Budget | Actuals Thru | Projected Next | Projected Total Thru | Adopted Budget |
FY 2020 | 6/30/20 | 3 Months | 9/30/20 | FY 2021 |

Irrigation
Irrigation Repairs & Maintenance

$	35,000

$	10,080

$	24,920

$	35,000

$	35,000

Irrigation Monitoring | 4,500 | 3,375 | 1,125 | 4,500 | 4,500 |
Hoover Pumps Repairs & Maintenance | 15,000 | 7,114 | 3,750 | 10,864 | 15,000 |
Irrigation Subtotal | $	54,500 | $	20,569 | $	29,795 | $	50,364 | $	54,500 |

Lakes & Fountains
Aquatic Maintenance

$	5,340

$	4,455

$	1,485

$	5,940

$	5,940

Fountain Service Repairs & Maintenance | 10,000 | 11,243 | 1,000 | 12,243 | 10,000 |
Lakes & Fountains Subtotal | $	15,340 | $	15,698 | $	2,485 | $	18,183 | $	15,940 |

Landscaping
Landscaping Contracted Services

$	75,405

$	56,553

$	18,851

$	75,405

$	75,405

Additional Landscaping Repairs & Maintenance | 15,000 | 5,686 | 3,750 | 9,436 | 15,000 |
Entrance Pot Plant Replacement | - | - | - | - | 2,400 |
Mulch | 11,334 | 7,853 | 3,481 | 11,334 | 12,334 |
Palm Tree Maintenance | 14,000 | 150 | 13,850 | 14,000 | 14,000 |
Oak Tree Maintenance | 6,500 | 4,680 | - | 4,680 | 6,500 |
Landscaping Subtotal | $	122,238 | $	74,922 | $	39,932 | $	114,854 | $	125,638 |

Common Areas, Right of Ways & Perimeter Walls
Street Light Repairs & Maintenance

$	5,000

$	3,819

$	1,181

$	5,000

$	5,000

Entrance Vehicular Gates Repairs & Maintenance | 5,500 | 6,322 | - | 6,322 | 5,500 |
Pedestrian Entry Gates & Walls Maintenance | 5,000 | 882 | 1,250 | 2,132 | 5,000 |
Common Area Repairs & Maintenance | 3,000 | 6,953 | - | 6,953 | 3,000 |
Sidewalk Cleaning | 6,000 | 1,400 | 4,600 | 6,000 | 6,000 |
Common Areas, Right of Ways & Perimeter Walls Subtotal | $	24,500 | $	19,376 | $	7,031 | $	26,407 | $	24,500 |

Security Monitoring Services
Fire Detection Services

$	-

$	-

$	351

$	351

$	1,404

Access Control Services | 1,806 | 1,407 | 469 | 1,876 | 1,876 |
Intrusion Services | 939 | 732 | 469 | 1,201 | 1,876 |
Security Monitoring Repairs & Maintenance | 505 | 2,290 | 177 | 2,467 | 1,000 |
Security Subtotal | $	3,250 | $	4,429 | $	1,289 | $	5,895 | $	6,156 |

Utilities
Electric Services

$	43,000

$	26,187

$	10,500

$	36,687

$	43,000

Telephone, Fax & Internet | 1,900 | 1,525 | 528 | 2,053 | 2,400 |
Water & Sewer Services | 4,000 | 3,383 | 617 | 4,000 | 4,000 |
Gate Kiosk Internet Services | 2,500 | 1,860 | 660 | 2,520 | 2,850 |
Utilities Subtotal | $	51,400 | $	32,954 | $	12,305 | $	45,259 | $	52,250 |

Other
Contingency/Miscellaneous Expense

$	5,000

$	3,653

$	1,347

$	5,000

$	5,000

Other Subtotal | $	5,000 | $	3,653 | $	1,347 | $	5,000 | $	5,000 |
Operations & Maintenance Expenses Total | $	407,479 | $	275,168 | $	117,667 | $	393,012 | $	423,760 | 58.5%
Total Expenditures | $	551,304 | $	382,415 | $	153,906 | $	536,499 | $	569,775 |
Reserves | | | | | |
Disaster Reserve Transfer Out | $	25,000 | $	25,000 | $	-	$	25,000  $	25,000
Capital Reserve Transfer Out | 147,667 | | 125,000 | 43,068 | 168,068 | 129,196 |
Reserves Total | $	172,667 | | $	150,000 | $	43,068 | $	193,068 | $	154,196 | 21.3%
Total Expenditures & Reserves | $	723,971 | | $	532,415 | $	196,974 | $	729,566 | $	723,971 | 100.0%
Excess Revenues/ (Expenditures) | $	- | | $	197,151 | $	(196,974) | $	- | $	- |
| | 2 | | | | |

Revenues:

The District’s primary source of generating revenues is from Maintenance Assessments. In addition, other non- budgeted sources of revenue may be realized throughout the fiscal year from items such as: Interest Income, Gate & Amenity Access Replacement Cards and FOB income, and Club House Rental Income.

Maintenance Assessments

The District levies Non-Ad Valorem Assessments on all of the assessable property within the District to pay for operating expenditures incurred during the Fiscal Year.

Expenditures:
Administrative Expenses

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings. The amount for the fiscal year is based upon 3 Supervisors attending 12 monthly meetings.

District Management

The District has contracted with Governmental Management Services-Central Florida, LLC to provide management, accounting, and recording secretary services. These services include, but are not limited to, advertising, recording and transcribing of Board meetings, administrative services, budget preparation, financial reporting, and assisting with annual audits.

District Engineer

The District’s Engineer, Dewberry Engineers, Inc., will be providing general engineering services to the District, e.g., attendance and preparation for the monthly Board meetings, review of invoices and requisitions, preparation and review of contract specifications and bid documents, and various projects assigned as directed by the Board of Supervisors and the District Manager.

District Counsel

The District’s Legal Counsel, Billings, Cochran, Lyles, Mauro & Ramsey P.A., provides general legal services to the District. Among these services are attendance at and preparation for monthly Board meetings, review of operating and maintenance contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.

Disclosure Report

The District is required to prepare an annual disclosure report in accordance with the Continuing Disclosure Agreement and Rule 15c2-12(b)(5) promulgated by Securities and Exchange Commission. The annual report is filed on the Municipal Securities Rulemaking Board (EMMA) website.

Trustee Fees

The District pays monthly fees plus reimbursable expenses to UMB Bank as Trustee for the District’s Series 2006AB, Special Assessment Revenue Bonds.

Assessment Roll

The District has contracted with Governmental Management Services-CF, LLC to maintain the assessment roll and annually certify for collection a Non-Ad Valorem assessment for operating and debt service expenses, calculate, collect, record and transmit prepaid assessments, maintain the District’s lien book along with various other responsibilities.

Auditing Services

The District is required by Florida Statutes to have an independent certified public accounting firm to conduct an annual audit of its financial records. The District’s current auditing firm is Berger, Toombs, Elam, Gaines & Frank.

Arbitrage Rebate Calculation

The District is required to annually have an arbitrage rebate calculation on the District’s Series 2006 Special Assessment Revenue Bonds. The District has contracted with LLS Tax Solutions, Inc. to calculate the arbitrage rebate liability and submit a report to the District.

Public Officials/General Liability Insurance

The District’s general liability and public officials’ liability insurance coverage is provided by Florida Insurance Alliance (FIA) who specializes in providing insurance coverage to governmental agencies.

Legal Advertising

The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to meeting schedules, special meeting notices, and public hearings, bidding etc. for the District based on statutory guidelines.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only anticipated expenditure for this category.

Information Technology

The District incurs costs related to the District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Property Appraiser

Represents a fee charged by the Brevard County Property Appraiser’s office for assessment administration services.

Reimbursable Expenses

Represents expenses incurred that are considered reimbursable by the district, such as: mailing of agenda packages, overnight deliveries, correspondence, printing and binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, miscellaneous office supplies, etc.

Contingency

Represents any miscellaneous expenses incurred during the fiscal year.

Operations and Maintenance Expenses

These are the budgeted items that the CDD Board along with District Management have accessed necessary for the routine operations and maintenance of the District.

Field Management

Field Manager

The District has contracted with Governmental Management Services – Central Florida, LLC to provide onsite field management of contracts for the District Services such as landscape and lake maintenance. Services to include onsite inspections, meetings with contractors and monitoring of utility accounts.

Onsite Facility Supervisor Salary

The District incurs costs to employ a facility attendant who provides overall supervision of administration and appearance of the District’s public facilities and amenities. The District pays its employee through ADP.

Payroll Taxes

Represents payroll taxes incurred for salaries paid throughout the fiscal year.

Workers Compensation Costs

The District will incur costs related to insurance premiums for worker’s compensation policies.

Cell Phone & Mileage Reimbursement

The District will incur costs related to cell phone and mileage reimbursements incurred throughout the year. Currently, the District provides its facility attendant a reimbursement of $25 monthly for cell phone usage. The remaining $300 pertains to estimated costs for mileage.

ADP Fees

Represents processing charges for salaries paid through ADP.

Property Insurance

Represents the cost of annual coverage of property insurance. Coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Amenity Center Operations

Repairs & Maintenance (Non-HVAC)

Represents estimated costs for maintaining the amenity center throughout the fiscal year.

HVAC Repairs & Maintenance

Represents estimated costs of maintaining the A/C and heating systems.

Office Supplies

The District incurs cost for various office supplies as part of the day-to-day operations of the Amenity Center.

Janitorial Supplies

Represents any minimal costs for janitorial supplies and/or services.

Janitorial Services

The District has contracted with Coverall Central Florida to provide commercial cleaning services 3 days a week for the clubhouse. Services also include wiping equipment every two weeks and quarterly window cleaning.

Description | Monthly | Annually
208 Montecito Drive | $450 | $5,400
Contingency | | $1,500
Total | | $6,900

Pest Control & Termite Bond

The District has contracted with Apex Pest Control, Inc. to provide bi-monthly pest control services. The District also incurs an annual termite bond fee with Price Termite & Pest Control.

Description | Bi-Monthly | Annually
208 Montecito Drive | $80 | $480
Termite Bond | | $460
Contingency | | $60
Total | | $1,000

Fitness Equipment Repairs & Maintenance

Represents estimated costs for maintaining the fitness equipment owned by the District. Preventative Maintenance is provided by Brown Fitness Services, LLC.

Description | Quarterly | Annually

Preventative Maintenance Repairs & Contingency
Total

$225

$900
	$1,600 
$2,500

Playground Repairs & Maintenance

Represents any repairs and maintenance costs incurred on the District’s playground equipment.

Pool Service Repairs & Maintenance

The District has contracted with Brevard Pools for all expenses related to the repairs and maintenance of the swimming pool facilities. These services include, but are not limited to, general cleaning, water testing, chlorinating, balancing PH, adding algaecide, balancing alkalinity, cleaning filters, providing technical support, and advising the District of any necessary repairs.

Description | Monthly | Annually
Pool Maintenance – October to March | $545 | $3,270
Pool Maintenance – April to September | $795 | $4,770
Repairs & Contingency | | $4,460
Total | | $12,500

Irrigation

Irrigation Repairs & Maintenance

The District will incur expenditures related to the maintenance of the irrigation systems.

Irrigation Monitoring

The District has contracted with Insight Irrigation, LLC to provide irrigation monitoring services that include assistance with: run checks, leaks, valve issues, controller issues, sensor issues, backup data, management of irrigation schedules and updates to online maps.

Hoover Pumps Repairs & Maintenance

The District will incur costs related to the repairs and preventative maintenance of its Hoover pumps which is provided by Hoover Pumping Systems.

Description | Annually
Hoover Pump 1 #4978 – Patrick Drive | $2,590
Hoover Pump 2 #5975 – Point Lobos Drive & Monterey Drive | $2,590
Hoover Pump 3 #8563 – Phase 2C | $2,290
Repairs & Contingency | $7,530
Total | $15,000

Lakes & Fountains

Aquatic Maintenance

The District has contracted with American Ecosystems, Inc. for the care and maintenance of its six lakes which includes shoreline grass, brush and vegetation control.

$495 	$5,940 
$5,940

Aquatic Maintenance
Total

Annually

Monthly

Description

Fountain Service Repairs & Maintenance

Represents the estimated costs for any repairs and maintenance pertaining to the six District lake fountains.

Description | Quarterly | Annually
Lake Fountain Maintenance | $480 | $1,920
Repairs & Contingency | | $8,080
Total | | $10,000

Landscaping

Landscaping Contracted Services

The District has a contract with Paradise Lawns and Landscaping, Inc. to maintain the landscaping located within the District. These services include monthly landscape maintenance such as mowing, edging, trimming, weed and disease control, fertilization, pest control, pH adjustments, pruning, and irrigation inspections. The annual amount is based upon the following:

$6,284 	$75,405 
$75,405

Landscape Maintenance
Total

Annually

Monthly

Description

Additional Landscaping Repairs & Maintenance

The District will incur landscape related expenditures that fall outside of the annual maintenance contract. Examples include: plant replacement and sod replacement.

Entrance Pot Plant Replacement

Represents estimated costs to replace pot plants at the entrances of the community.

Mulch

Represents estimated costs for supplemental mulch to be added during the fiscal year.

Palm Tree Maintenance

The District will incur costs for the maintenance of the palm trees.

Oak Tree Maintenance

The District will incur costs for the maintenance of the oak trees.

Common Areas, Right of Ways & Perimeter Walls

Street Light Repairs & Maintenance

The District will incur costs to maintain the street lights and decorative light fixtures throughout the District.

Entrance Vehicular Gate Repairs & Maintenance

Represents any gate repairs and maintenance costs the District may incur throughout the fiscal year. This also includes preventative maintenance provided by Florida Door Control, Inc. of $2,379.92 annually.

Pedestrian Entry Gates & Walls Maintenance

The District will incur expenditures to maintain the pedestrian gates, entry monuments and walls throughout the fiscal year.

Common Area Repairs & Maintenance

Represents costs related to the maintenance of the District’s common areas.

Sidewalk Cleaning

Represents the estimated costs of pressure washing the sidewalks annually.

Security

Fire Detection Services

Represents monitoring services provided by Sonitrol for the fire alarm systems.

$117 	$1,404 
$1,404

208 Montecito Drive
Total

Annually

Monthly

Description

Access Control Services

Represents monitoring services provided by Sonitrol for the District’s access control systems.

$156 	$1,876 
$1,876

208 Montecito Drive
Total

Annually

Monthly

Description

Intrusion Services

Represents monitoring services provided by Sonitrol for the District’s burglary systems.

$156 	$1,876 
$1,876

208 Montecito Drive
Total

Annually

Monthly

Description

Security Monitoring Repairs & Maintenance

Represents maintenance trip services and repairs provided by Sonitrol for the District’s burglary, access control and fire alarm monitoring systems.

Utilities

Electric Services

The District has the following electric accounts with Florida Power & Light Company for general purposes.

Description | Monthly | Annually
140 Clemente Drive #Pump (Hoover Pump 2 #5975) | $250 | $3,000
208 Montecito Drive #Clubhouse (Amenity Center) | $650 | $7,800
308 Montecito Drive #Irrigation Pump (Hoover Pump 1 #4978) | $800 | $9,600
654 Mission Bay Drive #Gate (South Patrick Entrance) | $350 | $4,200
686 Carlsbad Drive #Irrigation (Hoover Pump 3 #8563) | $100 | $1,200
688 Carlsbad Drive #LTS | $100 | $1,200
711 Monterey Drive #Irrigation | $900 | $10,800
790 Palisades Drive #Entrance (Shearwater Entrance) | $100 | $1,200
Contingency | | $4,000
Total | | $43,000

Telephone, Fax & Internet

The District will incur cost for telephone, fax and internet service related to the amenity center. These services are provided by Spectrum.

Description | Monthly | Annually
208 Montecito Drive | $176 | $2,122
Contingency | | $278
Total | | $2,400

Water & Sewer Services

The District has the following water and sewer service account with the City of Melbourne for its amenity center.

Description | Monthly | Annually
208 Montecito Drive | $250 | $3,000
Contingency | | $1,000
Total | | $4,000

Gate Kiosk Internet Services

The District will incur costs to provide internet services to the two gatehouses it owns. These services are provided by Spectrum.

Description | Monthly | Annually
Gate Kiosk 1 – Shearwater Parkway Kiosk | $110 | $1,320
Gate Kiosk 2 – South Patrick Kiosk | $110 | $1,320
Contingency | | $210
Total | | $2,850

Other

Contingency/Miscellaneous Expense

Monies collected and allocated for expenses that the District could incur miscellaneous throughout the year, which may not fit into any standard categories.

Reserves:

Disaster Reserves

Funds collected and reserved for expenses related to disasters like hurricanes.

Capital Reserves

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.

| Adopted Budget | Actuals Thru | Projected Next | Projected Total Thru | Adopted Budget
FY 2020 | 6/30/20 | 3 Months | 9/30/20 | FY 2021
Revenues | | | | |
Beginning Fund Balance | $	65,380 | $	94,657 | $	- | $	94,657 | $	19,366

Transfer In

147,667

125,000
.

43,068

168,068

129,196

Total Revenues | $	213,047 | $	219,657 | $	43,068 | $	262,725 | $	148,562
Expenditures | | | | |
Capital Outlay * | $	174,000 | $	216,163 | $	27,196 | $	243,359 | $	-
Total Expenditures | $	174,000 | $	216,163 | $	27,196 | $	243,359 | $	-
Excess Revenues/(Expenditures) | $	39,047 | $	3,494 | $	15,871 | $	19,366 | $	148,562

FY 20 Capital Outlay Expenses
Bike Racks	$	6,987

Pump Station #2 Replacement | $	58,238 |
Crosswalk/Parking Spot Painting | $	3,000 |
Landscape Installations | $	38,824 |
Pool Resurfacing | $	37,757 |
Clock D Wire Conversion | $	26,400 |
Pergolas | $	20,094 |
Benches | $	9,650 |
Wall Painting | $	2,224 |
Security System Upgrade | $	6,003 |
Stormwater Cleaning | $	1,250 |
Parking Curb Installation | $	1,700 |
Concrete Pads | $	4,036 |
Total: | $	216,163 |

FY 20 Projected Capital Outlay Ex
Additional Landscaping Installations

penses
$	6,620

Retaining Wall Pressure Washing | $	1,750 |
Bench Installation | $	1,260 |
Wall Painting | $	11,687 |
Pedestrian Gate | $	5,880 |
Total: | $	27,196 |

| Adopted Budget | Actuals Thru | Projected Next | Projected Total Thru | Adopted Budget
| FY 2020 | 6/30/20 | 3 Months | 9/30/20 | FY 2021
Revenues | | | | |
Beginning Fund Balance | $	50,000 | $	50,000 | $	- | $	50,000 | $	75,000
Transfer In | 25,000 | 25,000 | - | 25,000 | 25,000
Total Revenues | $	75,000 | $	75,000 | $	- | $	75,000 | $	100,000
Expenditures | | | | |
Capital Outlay | $	- | $	- | $	- | $	- | $	-
Total Expenditures | $	- | $	- | $	- | $	- | $	-
Excess Revenues/(Expenditures) | $	75,000 | $	75,000 | $	- | $	75,000 | $	100,000

Montecito
Community Development District Debt Service Fund - Series 2006 Fiscal Year 2021

| Adopted Budget | Actuals Thru | Projected Next | Projected Total Thru | Adopted Budget
FY 2020 | 6/30/20 | 3 Months | 9/30/20 | FY 2021
Revenues | | | | |
Special Assessments- Tax Roll (1) | $	294,690 | $	335,364 | $	- | $	335,364 | $	294,690
Special Assessments - Lot Closings - Series 2006A | - | 17,789 | - | 17,789 | -
Special Assessments - Lot Closings - Series 2006B | - | 523,372 | - | 523,372 | -
Prepayments - Series 2006A | - | 80,970 | - | 80,970 | -
Prepayments - Series 2006B | - | 1,055,880 | - | 1,055,880 | -
Interest | - | 7,817 | 1,000 | 8,817 | -
Total Revenues | $	294,690 | $2,021,193 | $	1,000 | $	2,022,193 | $	294,690
Expenditures | | | | |
Debt Service Obligation | $	294,690 | $	1,892,023 | $	- | $	1,892,023 | $	294,690
Trustee Fees | - | 3,879 | 8,000 | 11,879 | -
SPE Costs | - | - | - | - | -
Transfer Out | - | - | - | - | -
Total Expenditures | $	294,690 | $	1,895,901 | $	8,000 | $	1,903,901 | $	294,690
Excess Revenues/(Expenditures) | $	- | $	125,291 | $	(7,000) | $	118,291 | $	-
| Lot Size | | Units | Gross Per Unit | Gross Annual
| Townhomes | | 143 | $	900 | $	128,700
| Single Family | | 127 | $	1,200 | $	152,400
Townhomes (Phase 2C) | 36 | $ | 900  $	32,400

$	313,500
Less: Discounts and Collections	 $	18,810 
Net Annual Assessment	$	294,690

(1) Mid-Rise and High-Rise Condos are not encumbered by the Series 2006A Bonds.

Fiscal Year 2021 O&M and Debt Service Assessment Schedule

Description | Admin.	Fi Budget | eld/Reserve Budget | Total | | Admin. Budget  Ad Bonds | min. Budget No Bonds | Total
Total O&M Budget | $146,015 | $577,956 | $723,971 | | $5,500 | $140,515 | $146,015
Assess. Allocation - Settlement | $0 | $0 | $0 | | $33,555 | ($33,555) | $0
Balance Forward | $0 | $0 | $0 | | $0 | $0 | $0
Net Assessments | $146,015 | $577,956 | $723,971 | | $39,055 | $106,960 | $146,015
Collection Cost (6%) | $9,320 | $36,891 | $46,211 | | $2,493 | $6,827 | $9,320
Gross Assessment | $155,335 | $614,847 | $770,182 | | $41,548 | $113,787 | $155,335

Operations and Maintenance 

Lot Size

Units

EAU
Factor

Total
EAU's

% Total
EAU's

% Total EAU	Admin. Budget  Admin. Budget Field/Reserve
Bond Expense	Bonds	No Bonds	Budget

Total

O&M Per	O&M Per
Unit (Net)  Unit (Gross)(1)

Townhomes | 294 | 0.75 | 220.5 | 28% | 63% | $24,782 | $29,797.45 | $366,732 | $421,311 | $1,433.03 | $1,524.50
Single Family | 127 | 1.00 | 127 | 16% | 37%	$14,273	$17,162.25	$211,224	$242,660 | $1,910.71 | $2,032.67
Total | | | 347.5 | | 100%	$39,055	$46,960	$577,956	$663,971 | |
Condo's Mid-Rise | 224 | 1.00 | 224 | 28% | $0 | $30,270 | $0 | $30,270 | $135.14 | $143.76
High-Rise | 176 | 1.25 | 220 | 28% | $0 | $29,730 | $0 | $29,730 | $168.92 | $179.70
| | | 444 | | $0 | $60,000 | $0 | $60,000 | |
Total | 821 | | 791.5 | 100% | $39,055 | $106,960 | $577,956 | $723,971 | |

Fiscal Year 2021 O&M and Debt Service Assessment Schedule

Series 2006A Debt Service Assessments

Lot Size

Debt Units
Units

EAU
Factor

Net
Annual

% Total
EAU's

Annual
Debt Service

Net Annual
Per Unit

Gross Annual
Per Unit(1)

Townhomes | 293 | 0.75 | 220 | 63% | $251,871 | $860 | $900
Single Family | 127 | 1.00 | 127	37%	$145,563 | $1,146 | $1,200
Total | | | 347	100%	$397,434 | |

Combined Operations and Maintenance and Debt Service Assessments

Lot Size

Gross O&M
Per Unit

Gross Debt
Per Unit

Total Gross
Per Unit (1)

Townhomes | $1,525 | $900 | $2,425
Single Family | $2,033 | $1,200 | $3,233
Condo's Mid-Rise | $144 | $0 | $144
High-Rise | $180 | $0 | $180

(1) Includes 6% for early payment discount and collection cost for tax collector.

1