NatureWalk Community Development District

Board of Supervisors’ Budget/Assessment Workshop
July 27, 2021

District Office:
120 Richard Jackson Blvd, Suite 220 Panama City Beach, Florida 32407 850-334-9055

www.naturewalkcdd.org

NATUREWALK
COMMUNITY DEVELOPMENT DISTRICT AGENDA
Rizzetta & Company, Inc., 120 Richard Jackson Boulevard, Suite 220, Panama City Beach, FL 32407

District Board of Supervisors	Jonette Coram
Todd Egizii	Chairman
Vice Chairman	
	Mike Grubbs Sandra Waisley	Assistant Secretary Assistant Secretary	
	James Sater	Assistant Secretary	

District Manager	Kimberly O’Mera	Rizzetta & Company, Inc.	
District Counsel	Carl Eldred	Hopping Green & Sams, P.A.	
District Engineer	James Martelli, P.E.	Innerlight Engineering Corporation	
Bond Counsel	Cynthia E. Wilhelm	Nabors, Giblin & Nickerson, P.A.	

All Cellular phones and pagers must be turned off.

The Audience Comment portion of the agenda is where individuals may make comments on matters that concern the District. Individuals are limited to a total of three (3) minutes to make comments during this time.

Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this meeting/hearing/workshop is asked to advise the District Office at least forty-eight (48) hours before the meeting/hearing/workshop by contacting the District Manager at (850) 334-9055. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY)1-800-955-8770 (Voice), who can aid you in contacting the District Office.

A person who decides to appeal any decision made at the meeting/hearing/workshop with respect to any matter considered at the meeting/hearing/workshop is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made including the testimony and evidence upon which the appeal is to be based.

NATUREWALK COMMUNITY DEVELOPMENT DISTRICT
DISTRICT OFFICE  120 RICHARD JACKSON BLVD., SUITE 220, PANAMA CITY BEACH, FL 32407
http://naturewalkcdd.org/

Board of Supervisors NatureWalk Community Development District
Dear Board Members:

July 20, 2021

AGENDA

The   Budget   Workshop   of   the   Board   of   Supervisors   of   the   NatureWalk Community Development District will be held on Tuesday, July 27, 2021 at 12:00 p.m. (CDT) at the Walton County Coastal Branch Library, located at 437 Greenway Trail, Santa Rosa Beach, FL 32459. The following is the agenda for this meeting:

CALL TO ORDER/ROLL CALL
BUSINESS ITEMS
Discussion Regarding Proposed FY 2021/2022 Budget
AUDIENCE COMMENTS
ADJORNMENT

I look forward to seeing you at the meeting. In the meantime, if you have any questions, please do not hesitate to call me at 850-334-9055.

Sincerely, Kimberly O’Mera Kimberly O’Mera District Manager

cc:	Carl Eldred, Tucker Mackie, Hopping Green & Sams, P.A.

NatureWalk Community Development District
http://naturewalkcdd.org

Approved Proposed Budget for Fiscal Year 2021-2022 Presented by: Rizzetta & Company, Inc.

120 Richard Jackson Blvd.
Suite 220
Panama City Beach, FL 32407 Phone: 850-334-9055

rizzetta.com

TABLE OF CONTENTS

Page	
General Fund Budget for Fiscal Year 2021-2022	1	
Reserve Fund Budget for Fiscal Year 2021-2022	3	
Debt Service Fund Budget for Fiscal Year 2021-2022	4	
Assessment Charts for Fiscal Year 2021-2022	5	
General Fund Budget Account Category Descriptions	7	
Reserve Fund Budget Account Category Descriptions	14	
Debt Service Fund Budget Account Category Descriptions	15	

	
Chart of Accounts Classification	Actual YTD
through
03/31/21	Projected Annual Totals 2020/2021	Annual Budget for 2020/2021	Projected Budget variance for 2020/2021	
Budget for 2021/2022	Budget Increase (Decrease) vs 2020/2021	
Comments	
1									
2	REVENUES								
3									
4	Special Assessments								
5	Tax Roll*	$ 234,817	$	303,036	$ 303,036	$	-	$	586,212	$	283,176	Tax Roll allocations to be determined upon final roll certifications.	
6									
7	TOTAL REVENUES	$ 234,817	$	303,036	$ 303,036	$	-	$	586,212	$	283,176		
8									
9	Balance Forward from Prior Year	$ 75,924	$	75,924	$	75,924	$	-	$	-	$	(75,924)		
10									
11	TOTAL REVENUES AND BALANCE FORWARD	$ 310,741	$	378,960	$ 378,960	$	-	$	586,212	$	207,252		
12									
13	*Allocation of assessments between the Tax Roll and Off Roll are estimates only and subject to change prior to certification.		
14									
15	EXPENDITURES - ADMINISTRATIVE								
16									
17	Legislative								
18	Supervisor Fees	$	2,400	$	4,800	$	4,000	$	(800)	$	4,800	$	800	Based on 6 meetings, 4 paid Supervisors.	
19	Financial & Administrative								
20	Administrative Services	$	2,250	$	4,500	$	4,500	$	-	$	4,500	$	-	Maintained at same rate.	
21	District Management	$	7,913	$	15,826	$	15,825	$	(1)	$	15,825	$	-	Maintained at same rate.	
22	District Engineer	$ 21,820	$	43,640	$	7,500	$	(36,140)	$	32,000	$	24,500	Average of 10 hours/month	
23	Disclosure Report	$	5,000	$	5,000	$	5,000	$	-	$	5,000	$	-	Maintained at same rate.	
24	Trustees Fees	$	-	$	7,000	$	7,000	$	-	$	7,000	$	-	Maintained at same rate.	
25	Assessment Roll	$	5,000	$	5,000	$	5,000	$	-	$	5,000	$	-	Maintained at same rate.	
26	Financial & Revenue Collections	$	1,800	$	3,600	$	3,600	$	-	$	3,600	$	-	Maintained at same rate.	
27	Accounting Services	$	8,000	$	16,000	$	16,000	$	-	$	16,000	$	-	Maintained at same rate.	
28	Auditing Services	$	-	$	3,100	$	3,100	$	-	$	3,100	$	-	Per agreement.	
29	Arbitrage Rebate Calculation	$	-	$	600	$	600	$	-	$	450	$	(150)	Per agreement. Amtec $450 annually.	
30	Public Officials Liability Insurance	$	2,421	$	2,421	$	2,537	$	116	$	2,663	$	126	Based on renewal projections provided by Egis.	
31	Legal Advertising	$	1,186	$	2,372	$	2,600	$	228	$	2,600	$	-	Increased based on projections.	
32	Dues, Licenses & Fees	$	175	$	175	$	175	$	-	$	175	$	-	Payable to State annually.	
33	Website Hosting, Maintenance, Backup (and	$	2,550	$	5,700	$	5,700	$	-	$	5,700	$	-	.	
34	Legal Counsel								
35	District Counsel	$ 43,497	$	62,500	$	18,000	$	(44,500)	$	40,000	$	22,000	Increased based on projections.	
36									
37	Administrative Subtotal	$ 104,012	$	182,234	$ 101,137	$	(81,097)	$	148,413	$	47,276		
38									
39	EXPENDITURES - FIELD OPERATIONS								
40									
41	Electric Utility Services								
42	Utility Services	$ 10,601	$	21,202	$	19,000	$	(2,202)	$	21,600	$	2,600	Increased based on projections.	

	
Chart of Accounts Classification	Actual YTD
through
03/31/21	Projected Annual Totals 2020/2021	Annual Budget for 2020/2021	Projected Budget variance for 2020/2021	
Budget for 2021/2022	Budget Increase (Decrease) vs 2020/2021	
Comments	
43	Stormwater Control								
44	Aquatic Maintenance	$	2,358	$	5,100	$	5,100	$	-	$	7,332	$	2,232	Based on proposed increase to add ponds.	
45	Fountain Service Repairs & Maintenance	$	966	$	1,932	$	1,932	$	-	$	1,932	$	-	Maintained at same rate.	
46	Stormwater Pond Bank Maintenance	$	-	$	-	$	-	$	-	$	5,000	$	5,000	Suggested added line item for pond bank repairs.	
47	Stormwater System Maintenance	$	4,979	$	9,958	$	1,000	$	(8,958)	$	1,000	$	-	Maintained at same rate.	
48	General Liability Insurance	$	2,823	$	2,823	$	2,958	$	135	$	3,105	$	147	Based on renewal projections provided by Egis.	
49	Property Insurance	$	699	$	699	$	699	$	-	$	20,000	$	19,301	Increased to add property coverage. Monitor prior to final.	
50	Rust Prevention/Misc. Expense	$	-	$	1,700	$	1,700	$	-	$	1,700	$	-	Maintained at same rate.	
51	Landscape Maintenance	$ 49,993	$	99,986	$ 104,184	$	4,198	$	117,500	$	13,316	Increased due to projections.	
52	Ornamental Lighting & Maintenance	$	-	$	1,243	$	1,000	$	(243)	$	2,000	$	1,000	Increase per known projects.	
53	Tree Trimming Services	$	-	$	1,500	$	1,700	$	200	$	6,700	$	5,000	Increased per projections.	
54	Irrigation Repairs	$ 12,349	$	16,500	$	12,000	$	(4,500)	$	12,000	$	-	Maintained at same rate.	
55	Landscape Replacement Plants, Shrubs, Trees	$	4,295	$	8,590	$	8,000	$	(590)	$	20,000	$	12,000	Increased to replace declining Bermuda grass.	
56	Annual Mulching	$ 28,200	$	56,400	$	55,000	$	(1,400)	$	61,230	$	6,230	Increased based on projections.	
57	Fence Repair/Replacement	$	-	$	5,000	$	5,000	$	-	$	5,000	$	-	Maintained at same rate.	
58	Road & Street Facilities								
59	Street Light Decorative Light Maintenance	$	1,575	$	6,000	$	5,000	$	(1,000)	$	6,000	$	1,000	Increased to account for necessary repairs.	
60	Sidewalk Repair & Maintenance	$	-	$	2,150	$	2,750	$	600	$	2,500	$	(250)	Maintained at same rate.	
61	Street Sign Repair & Replacement	$ 11,947	$	11,947	$	800	$	(11,147)	$	38,000	$	37,200	Increased per capital project.	
62	Roadway Repair & Maintenance	$ 30,080	$	60,160	$	30,000	$	(30,160)	$	12,500	$	(17,500)	Decreased due to projections.	
63	Parks & Recreation								
64	Boardwalk and Bridge Maintenance	$	6,882	$	13,764	$	20,000	$	6,236	$	90,000	$	70,000	Increased due to projected repairs.	
65	Contingency								
66	Miscellaneous Contingency	$	-	$	-	$	-	$	-	$	2,700	$	2,700	Allocation for unforseen expenses.	
67									
68	Field Operations Subtotal	$ 167,747	$	326,654	$ 277,823	$	(48,831)	$	437,799	$	159,976		
69									
70	Contingency for County TRIM Notice								
71									
72	TOTAL EXPENDITURES	$ 271,759	$	508,888	$ 378,960	$   (129,928)	$	586,212	$	207,252		
73									
74	EXCESS OF REVENUES OVER	$ 38,982	$   (129,928)	$	-	$   (129,928)	$	-	$	-		
75									

NatureWalk Community Development District Community Development District Reserve Fund
Fiscal Year 2021-2022

Chart of Accounts Classification	Actual YTD
through 03/31/21	Projected Annual Totals 2020/2021	
Annual Budget for 2020/2021	Projected Budget variance for 2020/2021	
Budget for 2021/2022	
Budget Increase (Decrease) vs 2020/2021	

Comments	
1									
2	REVENUES								
3									
4	Special Assessments								
5	Tax Roll*	$	-	$	-	$	-	$	-	$ 50,000	$	50,000		
6									
7	TOTAL REVENUES	$	-	$	-	$	-	$	-	$ 50,000	$	50,000		
8									
9	Balance Forward from Prior Year	$	-	$	-	$	-	$	-	$	-	$	-		
10									
11	TOTAL REVENUES AND BALANCE	$	-	$	-	$	-	$	-	$ 50,000	$	50,000		
12									
13	*Allocation of assessments between the Tax Roll and Off Roll are estimates only and subject to change prior to		
14									
15	EXPENDITURES								
16									
17	Contingency								
18	Capital Reserves		$	-	$	-	$	-	$ 50,000	$	50,000		
19									
20	TOTAL EXPENDITURES	$	-	$	-	$	-	$	-	$ 50,000	$	50,000		
21									
22	EXCESS OF REVENUES OVER	$	-	$	-	$	-	$	-	$	-	$	-		
23									

NatureWalk Community Development District Debt Service
Fiscal Year 2021/2022

Chart of Accounts Classification	Series 2007A	Budget for
2021/2022	
			
REVENUES			
Special Assessments			
Net Special Assessments (1)	$	413,704.82	$ 413,704.82	
			
TOTAL REVENUES	$	413,704.82	$ 413,704.82	

EXPENDITURES			
Administrative			
Financial & Administrative			
Debt Service Obligation	$	413,704.82	$ 413,704.82	
Administrative Subtotal	$	413,704.82	$ 413,704.82	
			
TOTAL EXPENDITURES	$	413,704.82	$ 413,704.82	
			
EXCESS OF REVENUES OVER EXPENDITURES	$0.00	$0.00	

Collection Costs (2%) and Early Payment Discount (4%) applicable to the county:	6.0%

Gross assessments	$ 440,111.51

Notes:
Tax Roll Collection Costs (2%) and Early Payment Discount (4%) for Walton County is 6.0% 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 2021/2022 O&M & DEBT SERVICE ASSESSMENT SCHEDULE

2021/2022 O&M Budget Collection Cost @
Early Payment Discount @
2021/2022 Total:	
2%
4%	$636,212.00
$13,536.43
 	$27,072.85	
$676,821.28			

2020/2021 O&M Budget
2021/2022 O&M Budget		
$303,036.00
$636,212.00			
Total Difference:		 	$333,176.00				
	PER UNIT ANNUAL ASSESSMENT 2020/2021	2021/2022	Proposed Increase / Decrease
$	%	
Debt Service - Single Family 35'
Operations/Maintenance - Single Family 35 Total	$1,138.28
$598.77
$1,737.05	$1,138.28
$1,257.10
$2,395.38	$0.00
$658.33
$658.33	0.00%
109.95%
37.90%	

Debt Service - Single Family 45'
Operations/Maintenance - Single Family 45 Total	

$1,463.51
$772.42
$2,235.93	

$1,463.51
$1,621.66
$3,085.17	

$0.00
$849.24
$849.24	

0.00%
109.95%
37.98%	

Debt Service - Office Building (1)
Operations/Maintenance - Office Building Total	

$0.00
$2,197.49
$2,197.49	

$0.00
$4,613.55
$4,613.55	

$0.00
$2,416.06
$2,416.06	

0.00%
109.95%
109.95%	

Debt Service - Multifamily Operations/Maintenance - Multifamily	

$978.92
$514.94	

$978.92
$1,081.10	

$0.00
$566.16	

0.00%
109.95%	
Total	$1,493.86	$2,060.02	$566.16	37.90%

(1) Prepaid Debt Service Assessment

6

NATURE WALK COMMUNITY DEVELOPMENT DISTRICT

FISCAL YEAR 2021/2022 O&M & DEBT SERVICE ASSESSMENT SCHEDULE

	TOTAL O&M BUDGET		$636,212.00	
	COLLECTION COSTS @	2.0%	$13,536.43	
	EARLY PAYMENT DISCOUNT@	4.0%	 	$27,072.85		
	TOTAL O&M ASSESSMENT		     $676,821.28		

UNITS ASSESSED				
SERIES 2007A	 	ALLOCATION OF O&M ASSESSMENT		
			DEBT		TOTAL	% TOTAL	TOTAL	
LOT SIZE	O&M		SERVICE (1) (2)	EAU FACTOR	EAU's	EAU's	O&M BUDGET	

Platted Parcels								
SINGLE FAMILY 35	143		83	1.00	143.00	26.56%	$179,764.94	
SINGLE FAMILY 45	153		85	1.29	197.37	36.66%	$248,113.33	
OFFICE BUILDING	1		0	3.67	3.67	0.68%	$4,613.55	
Total Platted	    297 		 	168			344.04	63.90%	$432,491.81	

MULTIFAMILY	

226		

226	

0.86	

194.36	

36.10%	

$244,329.46	
Total Unplatted	    226 		 	226			194.36	36.10%	$244,329.46	
								
Total Community	    523 		 	394			538.40	100.00%	$676,821.28	

PER LO

O&M	T ANNUAL ASS 2007A DEBT
SERVICE (3)	ESS	MENT

TOTAL (4)		

$1,257.10
$1,621.66
$4,613.55	

$1,138.28
$1,463.51
$0.00		

$2,395.38
$3,085.17
$4,613.55		

$1,081.10	

$978.92		

$2,060.02		

LESS: Walton County Collection Costs (2%) and Early Payment Discount Costs (4%)	($40,609.28)

Net Revenue to be Collected	 	$636,212.00	

Reflects 129 (one hundred twenty nine) prepayments.

Reflects the number of total lots with Series 2007A debt outstanding.
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.
Annual assessment that will appear on November 2021 Walton County property tax bill. Amount shown includes all applicable collection costs. Property owner is eligible for a discount of up to 4% if paid early.

GENERAL FUND BUDGET ACCOUNT CATEGORY DESCRIPTION

The General Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all General Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Interest Earnings: The District may earn interest on its monies in the various operating accounts.

Tax Roll: The District levies Non-Ad Valorem Special Assessments on all of the assessable property within the District to pay for operating expenditures incurred during the Fiscal Year. The assessments may be collected in two ways. The first is by placing them on the County’s Tax Roll, to be collected with the County’s Annual Property Tax Billing. This method is only available to land properly platted within the time limits prescribed by the County.

Off Roll: For lands not on the tax roll and that is by way of a direct bill from the District to the appropriate property owner.

Developer Contributions: The District may enter into a funding agreement and receive certain prescribed dollars from the Developer to off-set expenditures of the District.

Event Rental: The District may receive monies for event rentals for such things as weddings, birthday parties, etc.

Miscellaneous Revenues: The District may receive monies for the sale or provision of electronic access cards, entry decals etc.

Facilities Rentals: The District may receive monies for the rental of certain facilities by outside sources, for such items as office space, snack bar/restaurants etc.

EXPENDITURES – ADMINISTRATIVE:

Supervisor Fees: The District may compensate its supervisors within the appropriate statutory limits of $200.00 maximum per meeting within an annual cap of $4,800.00 per supervisor.

Administrative Services: The District will incur expenditures for the day to today operation of District matters. These services include support for the District Management function, recording and preparation of meeting minutes, records retention and maintenance in accordance with Chapter 119, Florida Statutes, and the District’s adopted Rules of Procedure, preparation and delivery of agenda, overnight deliveries, facsimiles and phone calls.

District Management: The District as required by statute, will contract with a firm to provide for management and administration of the District’s day to day needs. These services include the conducting of board meetings, workshops, overall administration of District functions, all required state and local filings, preparation of annual budget, purchasing, risk management, preparing various resolutions and all other secretarial duties requested by the District throughout the year is also reflected in this amount.

District Engineer: The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of construction invoices and all other engineering services requested by the district throughout the year.

Disclosure Report: The District is required to file quarterly and annual disclosure reports, as required in the District’s Trust Indenture, with the specified repositories. This is contracted out to a third party in compliance with the Trust Indenture.

Trustee’s Fees: The District will incur annual trustee’s fees upon the issuance of bonds for the oversight of the various accounts relating to the bond issues.

Assessment Roll: The District will contract with a firm to maintain the assessment roll and annually levy a Non-Ad Valorem assessment for operating and debt service expenses.

Financial & Revenue Collections: Services include all functions necessary for the timely billing and collection and reporting of District assessments in order to ensure adequate funds to meet the District’s debt service and operations and maintenance      obligations. These services include, but are not limited to, assessment roll preparation and certification, direct billings and funding request processing as well as responding to property owner questions regarding District assessments. This line item also includes the fees incurred for a Collection Agent to collect the funds for the principal and interest payment for its short-term bond issues and any other bond related collection needs. These funds are collected as prescribed in the Trust Indenture. The Collection Agent also provides for the release of liens on property after the full collection of bond debt levied on particular properties.

Accounting Services: Services include the preparation and delivery of the District’s financial statements in accordance with Governmental Accounting Standards, accounts payable and accounts receivable functions, asset tracking, investment tracking, capital program administration and requisition processing, filing of annual reports required by the State of Florida and monitoring of trust account activity.

Auditing Services: The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting firm, once it reaches certain revenue and expenditure levels, or has issued bonds and incurred debt.

Arbitrage Rebate Calculation: The District is required to calculate the interest earned from bond proceeds each year pursuant to the Internal Revenue Code of 1986. The Rebate Analyst is required to verify that the District has not received earnings higher than the yield of the bonds.

Travel: Each Board Supervisor and the District Staff are entitled to reimbursement for travel expenses per Florida Statutes 190.006(8).

Public Officials Liability Insurance: The District will incur expenditures for public officials’ liability insurance for the Board and Staff.

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

Bank Fees: The District will incur bank service charges during the year.

Dues, Licenses & Fees: The District is required to pay an annual fee to the Department of Economic Opportunity, along with other items which may require licenses or permits, etc.

Miscellaneous Fees: The District could incur miscellaneous throughout the year, which may not fit into any standard categories.

Website Hosting, Maintenance and Email: The District may incur fees as they relate to the development and ongoing maintenance of its own website along with possible email services if requested.

District Counsel: The District’s legal counsel 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 and all other legal services requested by the district throughout the year.

EXPENDITURES - FIELD OPERATIONS:

Deputy Services: The District may wish to contract with the local police agency to provide security for the District.

Security Services and Patrols: The District may wish to contract with a private company to provide security for the District.

Electric Utility Services: The District will incur electric utility expenditures for general purposes such as irrigation timers, lift station pumps, fountains, etc.

Streetlights: The District may have expenditures relating to streetlights throughout the community. These may be restricted to main arterial roads or in some cases to all streetlights within the District’s boundaries.
Utility - Recreation Facility: The District may budget separately for its recreation and or amenity electric separately.

Gas Utility Services: The District may incur gas utility expenditures related to district operations at its facilities such as pool heat etc.

Garbage - Recreation Facility: The District will incur expenditures related to the removal of garbage and solid waste.

Solid Waste Assessment Fee: The District may have an assessment levied by another local government for solid waste, etc.

Water-Sewer Utility Services: The District will incur water/sewer utility expenditures related to district operations.

Utility - Reclaimed: The District may incur expenses related to the use of reclaimed water for irrigation.

Aquatic Maintenance: Expenses related to the care and maintenance of the lakes and ponds for the control of nuisance plant and algae species.

Fountain Service Repairs & Maintenance: The District may incur expenses related to maintaining the fountains within throughout the Parks & Recreational areas

Lake/Pond Bank Maintenance: The District may incur expenditures to maintain lake banks, etc. for the ponds and lakes within the District’s boundaries, along with planting of beneficial aquatic plants, stocking of fish, mowing and landscaping of the banks as the District determines necessary.

Wetland Monitoring & Maintenance: The District may be required to provide for certain types of monitoring and maintenance activities for various wetlands and waterways by other governmental entities.

Mitigation Area Monitoring & Maintenance: The District may be required to provide for certain types of monitoring and maintenance activities for various mitigation areas by other governmental entities.

Aquatic Plant Replacement: The expenses related to replacing beneficial aquatic plants, which may or may not have been required by other governmental entities.

General Liability Insurance: The District will incur fees to insure items owned by the District for its general liability needs

Property Insurance: The District will incur fees to insure items owned by the District for its property needs

Entry and Walls Maintenance: The District will incur expenditures to maintain the entry monuments and the fencing.
Landscape Maintenance: The District will incur expenditures to maintain the rights-of-way, median strips, recreational facilities including pond banks, entryways, and similar planting areas within the District. These services include but are not limited to monthly landscape maintenance, fertilizer, pesticides, annuals, mulch, and irrigation repairs.

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

Irrigation Repairs: The District will incur expenditures related to repairs of the irrigation systems.

Landscape Replacement: Expenditures related to replacement of turf, trees, shrubs etc.

Field Services: The District may contract for field management services to provide landscape maintenance oversight.

Miscellaneous Fees: The District may incur miscellaneous expenses that do not readily fit into defined categories in field operations.

Gate Phone: The District will incur telephone expenses if the District has gates that are to be opened and closed.

Street/Parking Lot Sweeping: The District may incur expenses related to street sweeping for roadways it owns or are owned by another governmental entity, for which it elects to maintain.

Gate Facility Maintenance: Expenses related to the ongoing repairs and maintenance of gates owned by the District if any.

Sidewalk Repair & Maintenance: Expenses related to sidewalks located in the right of way of streets the District may own if any.

Roadway Repair & Maintenance: Expenses related to the repair and maintenance of roadways owned by the District if any.

Employees - Salaries: The District may incur expenses for employees/staff members needed for the recreational facilities such as Clubhouse Staff.

Employees - P/R Taxes: This is the employer’s portion of employment taxes such as FICA etc.

Employee - Workers’ Comp: Fees related to obtaining workers compensation insurance.

Management Contract: The District may contract with a firm to provide for the oversight of its recreation facilities.

Maintenance & Repair: The District may incur expenses to maintain its recreation facilities.

Facility Supplies: The District may have facilities that required various supplies to operate.

Gate Maintenance & Repairs: Any ongoing gate repairs and maintenance would be included in this line item.

Telephone, Fax, Internet: The District may incur telephone, fax and internet expenses related to the recreational facilities.

Office Supplies: The District may have an office in its facilities which require various office related supplies.

Clubhouse - Facility Janitorial Service: Expenses related to the cleaning of the facility and related supplies.

Pool Service Contract: Expenses related to the maintenance of swimming pools and other water features.

Pool Repairs: Expenses related to the repair of swimming pools and other water features.

Security System Monitoring & Maintenance: The District may wish to install a security system for the clubhouse

Clubhouse Miscellaneous Expense: Expenses which may not fit into a defined category in this section of the budget

Athletic/Park Court/Field Repairs: Expense related to any facilities such as tennis, basketball etc.

Trail/Bike Path Maintenance: Expenses related to various types of trail or pathway systems the District may own, from hard surface to natural surfaces.

Special Events: Expenses related to functions such as holiday events for the public enjoyment

Miscellaneous Fees:	Monies collected and allocated for fees that the District could incur throughout the year, which may not fit into any standard categories.

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

Capital Outlay:	Monies collected and allocated for various projects as they relate to public improvements.

RESERVE FUND BUDGET ACCOUNT CATEGORY DESCRIPTION

The Reserve Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all Reserve Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Tax Roll: The District levies Non-Ad Valorem Special Assessments on all of the assessable property within the District to pay for operating expenditures incurred during the Fiscal Year. The assessments may be collected in two ways. The first is by placing them on the County’s Tax Roll, to be collected with the County’s Annual Property Tax Billing. This method is only available to land properly platted within the time limits prescribed by the County.

Off Roll: For lands not on the tax roll and that is by way of a direct bill from the District to the appropriate property owner.

Developer Contributions: The District may enter into a funding agreement and receive certain prescribed dollars from the Developer to off-set expenditures of the District.

Miscellaneous Revenues: The District may receive monies for the sale or provision of electronic access cards, entry decals etc.

EXPENDITURES:

Capital Reserve: Monies collected and allocated for the future repair and replacement of various capital improvements such as club facilities, swimming pools, athletic courts, roads, etc.

Capital Outlay: Monies collected and allocated for various projects as they relate to public improvements.

DEBT SERVICE FUND BUDGET ACCOUNT CATEGORY DESCRIPTION
The Debt Service Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all Debt Service Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Special Assessments: The District may levy special assessments to repay the debt incurred by the sale of bonds to raise working capital for certain public improvements. The assessments may be collected in the same fashion as described in the Operations and Maintenance Assessments.

EXPENDITURES – ADMINISTRATIVE:

Bank Fees: The District may incur bank service charges during the year.

Debt Service Obligation: This would a combination of the principal and interest payment to satisfy the annual repayment of the bond issue debt.