NatureWalk Community Development District
www.naturewalkcdd.org

Adopted Budget for Fiscal Year 2017/2018 Presented by: Rizzetta & Company, Inc.
120 Richard Jackson Blvd Suite 220
Panama City Beach, Florida 32407 Phone: 850-334-9055

rizzetta.com

Adopted Budget
NatureWalk CDD Community Development District General Fund
Fiscal Year 2017/2018

Chart of Accounts Classification	
Budget for 2017/2018	
		
REVENUES		
Tax Roll*	$ 219,819	
Off Roll*	$	82,131	
		
TOTAL REVENUES	$ 301,950	
		
Balance Forward from Prior Year	$	-	
		
TOTAL REVENUES AND BALANCE FORWARD	$ 301,950	
		
*Allocation of assessments between the Tax Roll and Off	
		
EXPENDITURES - ADMINISTRATIVE		
		
Legislative		
Supervisor Fees	$	9,600	
Financial & Administrative		
Administrative Services	$	4,500	
District Management	$	14,700	
District Engineer	$	2,500	
Disclosure Report	$	5,000	
Trustees Fees	$	7,000	
Financial & Revenue Collections	$	8,600	
Accounting Services	$	14,000	
Auditing Services	$	3,170	
Arbitrage Rebate Calculation	$	600	
Public Officials Liability Insurance	$	3,000	
Legal Advertising	$	2,000	
Bank Fees	$	-	
Dues, Licenses & Fees	$	175	
Website Hosting, Maintenance, Backup (and	$	2,475	
Legal Counsel		
District Counsel	$	20,000	
		
Administrative Subtotal	$	97,320	
		
EXPENDITURES - FIELD OPERATIONS		
		
Electric Utility Services		
Utility Services	$	14,000	
Stormwater Control		
Aquatic Maintenance	$	3,600	
Wetland Monitoring & Maintenance	$	1,000	
Aquatic Plant Replacement	$	1,430	
Stormwater System Maintenance	$	3,000	
Other Physical Environment		
General Liability Insurance	$	4,000	
Property Insurance	$	3,000	
Landscape Maintenance	$	77,000	
Ornamental Lighting & Maintenance	$	1,000	
Well Maintenance	$	500	
Tree Trimming Services	$	1,500	
Irrigation Repairs	$	5,000	
Landscape Replacement Plants, Shrubs, Trees	$	2,000	
Annual Mulching	$	57,000	
Miscellaneous Expense/Rust Prevention	$	5,000	
Road & Street Facilities		
Street Light Decorative Light Maintenance	$	3,000	
Sidewalk Repair & Maintenance	$	1,100	
Street Sign Repair & Replacement	$	500	
Roadway Repair & Maintenance	$	1,000	
Parks & Recreation		
Boardwalk and Bridge Maintenance	$	20,000	
		
Field Operations Subtotal	$ 204,630	
		
Contingency for County TRIM Notice		
		
TOTAL EXPENDITURES	$ 301,950	
		
EXCESS OF REVENUES OVER EXPENDITURES	$	-	

Budget Template
NatureWalk Community Development District Debt Service
Fiscal Year 2017/2018

Chart of Accounts Classification	Series 2007A	Budget for 2017/2018	
			
REVENUES			
Special Assessments			
Net Special Assessments (1)	$409,545.40	$409,545.40	
			
TOTAL REVENUES	$	409,545.40	$	409,545.40	

EXPENDITURES			
Administrative			
Financial & Administrative			
Bank Fees		0	
Debt Service Obligation	$	409,545.40	$	409,545.40	
Administrative Subtotal	$	409,545.40	$	409,545.40	
			
TOTAL EXPENDITURES	$	409,545.40	$	409,545.40	
			
EXCESS OF REVENUES OVER EXPENDITURES	0	0	

Collection and Discount % applicable to the county:	7.0%

Gross assessments	$	440,371.40

Notes:
Tax Roll Collection Costs for Walton County is 7.0% of Tax Roll. Budgeted net of tax roll assessments. See Assessment Table.

(1) Maximum Annual Debt Service less Prepaid Assessments received.

Nature Walk Community Development District 	
FISCAL YEAR 2017/2018 O&M & DEBT SERVICE ASSESSMENT SCHEDULE	
2017/2018 O&M Budget		$301,950.00			
Walton Co. 7% Collection Cost:		 	$22,727.42				
2017/2018 Total:	$324,677.42			

2016/2017 O&M Budget		
$301,950.00			
2017/2018 O&M Budget		$301,950.00			
Total Difference:	 	$0.00				
	
PER UNIT ANNUAL ASSESSMENT	
Proposed Increase / Decrease	
	2016/2017	2017/2018	$	%	
Debt Service - Single Family 35'	$1,138.28	$1,138.28	$0.00	0.00%	
Operations/Maintenance - Single Family 35'	$605.21	$605.21	$0.00	0.00%	
Total	$1,743.49	$1,743.49	$0.00	0.00%	

Debt Service - Single Family 40'	

$1,303.33	

$1,303.33	

$0.00	

0.00%	
Operations/Maintenance - Single Family 40'	$692.97	$692.97	$0.00	0.00%	
Total	$1,996.30	$1,996.30	$0.00	0.00%	

Debt Service - Single Family 45'	

$1,463.51	

$1,463.51	

$0.00	

0.00%	
Operations/Maintenance - Single Family 45'	$780.72	$780.72	$0.00	0.00%	
Total	$2,244.23	$2,244.23	$0.00	0.00%	

Debt Service - Sales Center	

$1,778.80	

$1,778.80	

$0.00	

0.00%	
Operations/Maintenance - Sales Center	$2,221.12	$2,221.12	$0.00	0.00%	
Total	$3,999.92	$3,999.92	$0.00	0.00%	

Debt Service - Multifamily	

$978.92	

$978.92	

$0.00	

0.00%	
Operations/Maintenance - Multifamily	$520.48	$520.48	$0.00	0.00%	
Total	$1,499.40	$1,499.40	$0.00	0.00%	

NATURE WALK	

FISCAL YEAR 2017/2018 O&M & DEBT SERVICE ASSESSMENT SCHEDULE	
		TOTAL O&M BUDGET		$301,950.00									
		COLLECTION COSTS @	7.0%	 	$22,727.42 									
		TOTAL O&M ASSESSMENT		      $324,677.42 									
		
UNITS ASSESSED (1)						

TOTAL					
					ERIES 2007A	 	ALLOCATION OF O&M ASSESSMENT			SERIES 2007A	PER LOT ANNUAL ASSESSMENT	
					DEBT		TOTAL	% TOTAL	TOTAL		DEBT SERVICE		2007A DEBT			
	LOT SIZE	O&M			SERVICE (2)	EAU FACTOR	EAU's	EAU's	O&M BUDGET		ASSESSMENT	O&M	SERVICE (3)		TOTAL (4)	
	
Platted Parcels															
	SINGLE FAMILY 35	143			85	1.00	143.00	26.66%	$86,545.14		$96,753.80	$605.21	$1,138.28		$1,743.49	
	SINGLE FAMILY 40	40			40	1.145	45.80	8.54%	$27,718.65		$52,133.20	$692.97	$1,303.33		$1,996.30	
	SINGLE FAMILY 45	116			48	1.29	149.64	27.89%	$90,563.74		$70,248.48	$780.72	$1,463.51		$2,244.23	
	SALES CENTER	1			0	3.67	3.67	0.68%	$2,221.12		$0.00	$2,221.12	$1,778.80		$3,999.92	
	Total Platted	     300 			173		342.11	63.77%	$207,048.65		$219,135.48					

MULTIFAMILY	

226			

226	

0.86	

194.36	

36.23%	

$117,628.76		

$221,235.92	

$520.48	

$978.92		

$1,499.40	
	Total Unplatted	     226 			226		194.36	36.23%	$117,628.76		$221,235.92					
	
Total Community	
     526 			
399		
536.47	
100.00%	
$324,677.42		
$440,371.40					
	
LESS: Walton County Collection Costs and Early Payment Discount Costs			
($22,727.42)		
($30,826.00)					
	Net Revenue to be Collected								     $301,950.00 		$409,545.40					

(1)	

Reflects 127 (one hundred twenty sive) prepayments.											
(2)	Reflects the number of total lots with Series 2007A debt outstanding.										
(3)	Annual debt service assessment per lot adopted in connection with the Series 2007A bond issue. Annual assessment includes principal, interest, Walton County collection costs and early payment discount costs.			
(4)	Annual assessment that will appear on November 2017 Walton County property tax bill. Amount shown includes all applicable collection costs. Property owner is eligible fo a discount of up to 4% if paid early.	r		

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