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Tohoqua

Community Development District

Amended Budget

FY 2019

Tohoqua

Community Development District

Adopted Budget

General Fund

Fiscal Year 2019

						Adopted	Actual	Projected	Total	Amended		
						Budget	thru	Next 2	thru	Budget		
	Description	FY2018	7/31/18	Months	9/30/18	FY2019		
	Revenues								
	Developer Contributions	$98,199	$66,743	$18,176	$84,919	$686,237		
	Assessments - Tax Collector (Platted)	$0	$0	$0	$0	$72,546		
	Assessments - Direct (Platted)	$0	$0	$0	$0	$87,298		
	Assessments - Direct (Unplatted)	$0	$0	$0	$0	$106,132		
								
	Total Revenues	$98,199	$66,743	$18,176	$84,919	$952,213		
	Expenditures								
	Administrative	$9,600	$3,000	$1,600	$4,600	$9,600		
										
	Supervisor Fees							
	FICA Expense	$734	$230	$120	$350	$734		
	Engineering	$12,000	$2,767	$1,500	$4,267	$12,000		
	Attorney	$25,000	$16,166	$3,000	$19,166	$25,000		
	Annual Audit	$0	$0	$0	$0	$2,500		
	Assessment Administration	$0	$0	$0	$0	$5,000		
	Arbitrage	$0	$0	$0	$0	$600		
	Dissemination	$0	$2,083	$834	$2,917	$5,000		
	Trustee Fees	$0	$0	$0	$0	$3,717		
	Management Fees	$35,000	$29,167	$5,834	$35,001	$36,050		
	Information Technology	$1,100	$1,369	$200	$1,569	$1,200		
	Telephone	$300	$7	$10	$17	$300		
	Postage	$1,000	$106	$200	$306	$1,000		
	Insurance	$5,665	$5,000	$0	$5,000	$5,500		
	Printing & Binding	$1,000	$737	$200	$937	$1,000		
	Legal Advertising	$5,000	$9,942	$200	$10,142	$5,000		
	Other Current Charges	$1,000	$123	$100	$223	$1,000		
	Office Supplies	$625	$151	$100	$251	$625		
	Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175		
	Total Administrative:	$98,199	$71,021	$13,898	$84,919	$116,001		
	Operations & Maintenance								
	Contract Services	$0	$0	$0	$0	$20,000		
	Field Management							
	Amenities Management	$0	$0	$0	$0	$75,000		
	Landscape Maintenance	$0	$0	$0	$0	$350,000		
	Lake Maintenance	$0	$0	$0	$0	$10,000		
	Wetland Maintenance	$0	$0	$0	$0	$5,000		
	Wetland Mitigation Reporting	$0	$0	$0	$0	$6,000		
	Pool Maintenance	$0	$0	$0	$0	$12,500		
	Pest Control	$0	$0	$0	$0	$600		
	Janitorial Services	$0	$0	$0	$0	$12,500		
	Subtotal:	$0	$0	$0	$0	$491,600		

Tohoqua

Community Development District

Adopted Budget

General Fund

Fiscal Year 2019

	Adopted	Actual	Projected	Total	Amended		
	Budget	thru	Next 2	thru	Budget		
Description	FY2018	7/31/18	Months	9/30/18	FY2019		
Repairs & Maintenance	$0	$0	$0	$0	$25,000		
Landscape Replacement							
Irrigation Repairs	$0	$0	$0	$0	$2,000		
General Repairs & Maintenance	$0	$0	$0	$0	$1,000		
Operating Supplies	$0	$0	$0	$0	$1,000		
Road & Sidewalk Maintenance	$0	$0	$0	$0	$1,500		
Signage	$0	$0	$0	$0	$250		
Walls - Repair/Cleaning	$0	$0	$0	$0	$1,500		
Fencing	$0	$0	$0	$0	$250		
Subtotal:	$0	$0	$0	$0	$32,500		
Utilities	$0	$0	$0	$0	$15,000		
Pool - Electric							
Pool - Water	$0	$0	$0	$0	$600		
Electric	$0	$0	$0	$0	$10,000		
Water & Sewer	$0	$0	$0	$0	$57,500		
Streetlights	$0	$0	$0	$0	$75,000		
Gas	$0	$0	$0	$0	$6,000		
Subtotal:	$0	$0	$0	$0	$164,100		
Amenities	$0	$0	$0	$0	$20,000		
Property Insurance							
Pool Attendants	$0	$0	$0	$0	$12,500		
Pool Repairs & Maintenance	$0	$0	$0	$0	$9,000		
Pool Permits	$0	$0	$0	$0	$750		
Trash Collection	$0	$0	$0	$0	$6,000		
Telephone	$0	$0	$0	$0	$1,250		
Cable/Internet	$0	$0	$0	$0	$3,750		
Access Cards	$0	$0	$0	$0	$1,250		
Security/Alarms/Repairs	$0	$0	$0	$0	$17,500		
Repairs & Maintenance	$0	$0	$0	$0	$17,500		
Office Supplies	$0	$0	$0	$0	$2,500		
Activities	$0	$0	$0	$0	$12,500		
Termite Bond	$0	$0	$0	$0	$750		
Holiday Décor	$0	$0	$0	$0	$2,500		
Subtotal:	$0	$0	$0	$0	$107,750		
Other	$0	$0	$0	$0	$25,000		
Contingency							
Capital Reserve	$0	$0	$0	$0	$15,262		
Subtotal:	$0	$0	$0	$0	$40,262		
							
Total Operations & Maintenance:	$0	$0	$0	$0	$836,212		
							
Total Expenditures	$98,199	$71,021	$13,898	$84,919	$952,213		
							
Excess Revenues/(Expenditures)	$0	($4,278)	$4,278	$0	$0		

Land Use	Gross	Ph.1 Amenity	Assessment	Developed	Gross	Net		
	Per Unit	Discount	Per Unit	Units	Assessment*	Assessment		
Commercial**	$228.00	70%	$159.60	0	$0.00	$0.00		
Hotel**	$228.00	70%	$159.60	0	$0.00	$0.00		
Apartements**	$228.00	70%	$159.60	0	$0.00	$0.00		
Townhome	$498.00	70%	$348.60	101	$35,208.60	$33,096.08		
Duplex/Garden	$498.00	70%	$348.60	0	$0.00	$0.00		
32	$584.00	70%	$408.80	0	$0.00	$0.00		
40	$730.00	70%	$511.00	69	$35,259.00	$33,143.46		
45	$822.00	70%	$575.40	97	$55,813.80	$52,464.97		
50	$913.00	70%	$639.10	0	$0.00	$0.00		
55	$1,004.00	70%	$702.80	61	$42,870.80	$40,298.55		
65	$1,187.00	70%	$830.90	0	$0.00	$0.00		
70	$1,278.00	70%	$894.60	1	$894.60	$840.92		
Totals				329	$170,046.80	$159,843.99		
*Includes 6% for early payment discount and collection cost.	**Per unit is 25% of Single Family 50' since they will have their own amenity			
***Net of 6% for early payment discount and collection cost.	facilities					

Tohoqua

Community Development District

Adopted Budget

Debt Service Fund

Fiscal Year 2019

					Adopted	Actual	Projected		Total	Amended		
					Budget	thru	Next 2		thru	Budget		
		Description	FY2018	7/31/18	Months	9/30/18		FY2019		
		Revenues										
		Bond Proceeds	$0	$144,162	$0	$144,162		$0		
		Special Assessments	$0	$0	$0	$0		$137,458		
		Interest	$0	$121	$0	$121		$0		
		Carry Forward Surplus	$0	$0	$0	$0		$51,536		
		Total Revenues									
			$0	$144,283	$0	$144,283		$188,994		
		Expenditures									
											
				$0	$0	$0	$0		$51,415		
		Interest Payment - 11/01								
		Principal Payment - 05/01	$0	$0	$0	$0		$35,000		
		Interest Payment - 05/01	$0	$23,708	$0	$23,708		$51,415		
											
		Total Expenditures	$0	$23,708	$0	$23,708		$137,830		
		Excess Revenues/(Expenditures)									
											
			$0	$120,575	$0	$120,575		$51,164		
											
		1. Carry forward surplus is net of Reserves.					Interest 11/1/19	$50,593		
									Net Assessments	$137,458		
								Add: Discounts & Collection	$8,774		
									Gross Assessments	$146,232		

							Per Unit		Per Unit				
						Annual	Net Debt		Gross Debt			
			Product Type	No. of Units	Debt Service	Assessment		Assessment			
			Townhouse	101	$28,482	$282	$300				
			Single-Family 40'	69	$28,509	$413	$440				
			Single-Family 45'	97	$45,089	$465	$495				
			Single-Family 55'	61	$34,655	$568	$604				
			Single-Family 70'	1	$723	$723	$769				
					329	$137,458							

Tohoqua Community Development District

Series 2018, Special Assessment Revenue Bonds

(Term Bonds Combined)

Amortization Schedule

Date		Balance		Principal		Interest		Annual	
									
11/1/18	$	2,165,000	$	-	$	51,415	$	75,123	
5/1/19	$	2,165,000	$	35,000	$	51,415	$	-	
11/1/19	$	2,130,000	$	-	$	50,593	$	137,008	
5/1/20	$	2,130,000	$	35,000	$	50,593	$	-	
11/1/20	$	2,095,000	$	-	$	49,770	$	135,363	
5/1/21	$	2,095,000	$	35,000	$	49,770	$	-	
11/1/21	$	2,060,000	$	-	$	48,948	$	133,718	
5/1/22	$	2,060,000	$	40,000	$	48,948	$	-	
11/1/22	$	2,020,000	$	-	$	48,008	$	136,955	
5/1/23	$	2,020,000	$	40,000	$	48,008	$	-	
11/1/23	$	1,980,000	$	-	$	47,068	$	135,075	
5/1/24	$	1,980,000	$	45,000	$	47,068	$	-	
11/1/24	$	1,935,000	$	-	$	46,010	$	138,078	
5/1/25	$	1,935,000	$	45,000	$	46,010	$	-	
11/1/25	$	1,890,000	$	-	$	44,953	$	135,963	
5/1/26	$	1,890,000	$	45,000	$	44,953	$	-	
11/1/26	$	1,845,000	$	-	$	43,895	$	133,848	
5/1/27	$	1,845,000	$	50,000	$	43,895	$	-	
11/1/27	$	1,795,000	$	-	$	42,720	$	136,615	
5/1/28	$	1,795,000	$	50,000	$	42,720	$	-	
11/1/28	$	1,745,000	$	-	$	41,545	$	134,265	
5/1/29	$	1,745,000	$	55,000	$	41,545	$	-	
11/1/29	$	1,690,000	$	-	$	40,253	$	136,798	
5/1/30	$	1,690,000	$	55,000	$	40,253	$	-	
11/1/30	$	1,635,000	$	-	$	38,960	$	134,213	
5/1/31	$	1,635,000	$	60,000	$	38,960	$	-	
11/1/31	$	1,575,000	$	-	$	37,550	$	136,510	
5/1/32	$	1,575,000	$	60,000	$	37,550	$	-	
11/1/32	$	1,515,000	$	-	$	36,140	$	133,690	
5/1/33	$	1,515,000	$	65,000	$	36,140	$	-	
11/1/33	$	1,450,000	$	-	$	34,613	$	135,753	
5/1/34	$	1,450,000	$	70,000	$	34,613	$	-	
11/1/34	$	1,380,000	$	-	$	32,968	$	137,580	
5/1/35	$	1,380,000	$	70,000	$	32,968	$	-	
11/1/35	$	1,310,000	$	-	$	31,323	$	134,290	
5/1/36	$	1,310,000	$	75,000	$	31,323	$	-	
11/1/36	$	1,235,000	$	-	$	29,560	$	135,883	
5/1/37	$	1,235,000	$	80,000	$	29,560	$	-	
11/1/37	$	1,155,000	$	-	$	27,680	$	137,240	

Tohoqua Community Development District

Series 2018, Special Assessment Revenue Bonds

(Term Bonds Combined)

Amortization Schedule

Date		Balance		Principal		Interest		Annual	
5/1/38	$	1,155,000	$	80,000	$	27,680	$	-	
11/1/38	$	1,075,000	$	-	$	25,800	$	133,480	
5/1/39	$	1,075,000	$	85,000	$	25,800	$	-	
11/1/39	$	990,000	$	-	$	23,760	$	134,560	
5/1/40	$	990,000	$	90,000	$	23,760	$	-	
11/1/40	$	900,000	$	-	$	21,600	$	135,360	
5/1/41	$	900,000	$	95,000	$	21,600	$	-	
11/1/41	$	805,000	$	-	$	19,320	$	135,920	
5/1/42	$	805,000	$	100,000	$	19,320	$	-	
11/1/42	$	705,000	$	-	$	16,920	$	136,240	
5/1/43	$	705,000	$	105,000	$	16,920	$	-	
11/1/43	$	600,000	$	-	$	14,400	$	136,320	
5/1/44	$	600,000	$	110,000	$	14,400	$	-	
11/1/44	$	490,000	$	-	$	11,760	$	136,160	
5/1/45	$	490,000	$	115,000	$	11,760	$	-	
11/1/45	$	375,000	$	-	$	9,000	$	135,760	
5/1/46	$	375,000	$	120,000	$	9,000	$	-	
11/1/46	$	255,000	$	-	$	6,120	$	135,120	
5/1/47	$	255,000	$	125,000	$	6,120	$	-	
11/1/47	$	130,000	$	-	$	3,120	$	134,240	
5/1/48	$	130,000	$	130,000	$	3,120	$	-	
11/1/48	$	-	$	-	$	-	$	133,120	
									
Totals			$	2,165,000	$	1,951,535	$	4,140,243