Waters Edge Community Development District

Transcription

1 Waters Edge Community Development District watersedgecdd.org Proposed Budget for Fiscal Year 2017/2018 Presented by: Rizzetta & Company, Inc Old Pasco Road Suite100 Wesley Chapel, Florida Phone: rizzetta.com

2 Proposed Budget General Fund Fiscal Year 2017/2018 Chart of Accounts Classification Budget for 2017/2018 REVENUES Interest Earnings Interest Earnings $ - Special Assessments Tax Roll* $ 264,527 Off Roll* $ - TOTAL REVENUES $ 264,527 Balance Forward from Prior Year $ - TOTAL REVENUES AND BALANCE FORWARD $ 264,527 *Allocation of assessments between the Tax Roll and Off Roll are estimates only and subject to change prior to certification. EXPENDITURES - ADMINISTRATIVE Legislative Supervisor Fees $ 12,000 Financial & Administrative Administrative Services $ 4,725 District Management $ 22,822 District Engineer $ 10,000 Disclosure Report $ 1,500 Trustees Fees $ 4,000 Tax Collector /Property Appraiser Fees $ 150 Financial & Revenue Collections $ 5,250 Assessment Roll $ 5,250 Accounting Services $ 12,600 Auditing Services $ 3,700 Arbitrage Rebate Calculation $ 650 Public Officials Liability Insurance $ 2,750 POL Deductible $ 2,500 Legal Advertising $ 500 Dues, Licenses & Fees $ 175 Website Hosting, Maintenance, Backup (and ) $ 2,280 Legal Counsel District Counsel $ 10,000 Administrative Subtotal $ 100,852 EXPENDITURES - FIELD OPERATIONS Stormwater Control Fountain Service Repairs & Maintenance $ 4,000 Lake/Pond Bank Maintenance $ 10,000 Aquatic Maintenance $ 22,752 Mitigation Area Monitoring & Maintenance $ 500 Aquatic Plant Replacement $ 5,000 Stormwater System Maintenance $ 10,000 Other Physical Environment Property Insurance/ $ 5,481 General Liability Insurance $ 2,625 Entry & Walls Maintenance $ 2,500 Landscape Maintenance $ 78,817 Irrigation Maintenance $ - Irrigation Repairs $ - Landscape - Mulch $ 7,000 Landscape Miscellaneous $ - Landscape Replacement Plants, Shrubs, Trees $ 10,000 Contingency Miscellaneous Contingency $ 5,000 Capital Outlay $ - Field Operations Subtotal $ 163,675 Contingency for County TRIM Notice TOTAL EXPENDITURES $ 264,527 EXCESS OF REVENUES OVER EXPENDITURES $ -

3 Proposed Budget Reserve Fund Fiscal Year 2017/2018 Chart of Accounts Classification Budget for 2017/2018 REVENUES Special Assessments Tax Roll* $ 18,283 Off Roll* $ - TOTAL REVENUES $ 18,283 Balance Forward from Prior Year $ - TOTAL REVENUES AND BALANCE FORWARD $ 18,283 *Allocation of assessments between the Tax Roll and Off Roll are estimates only and subject to change prior to certification. EXPENDITURES Contingency Capital Reserves $ 18,283 Capital Outlay $ - TOTAL EXPENDITURES $ 18,283 EXCESS OF REVENUES OVER EXPENDITURES $ -

4 WATERS EDGE FISCAL YEAR 2017/2018 O&M & DEBT SERVICE ASSESSMENT SCHEDULE TOTAL O&M BUDGET $282, COLLECTION 6.0% $18, TOTAL O&M ASSESSMENT $300, SERIES 2015 ALLOCATION OF O&M ASSESSMENT PER LOT ANNUAL ASSESSMENT UNITS ASSESSED (1) DEBT TOTAL % TOTAL TOTAL SERIES 2015 LU LOT SIZE O&M SERVICE (2) EAU FACTOR EAU's EAU's O&M BUDGET O&M DEBT SERVICE (3) TOTAL (4) T TOWNHOME % $19, $ $ $ SINGLE FAMILY 50/ % $22, $ $ $ SINGLE FAMILY % $104, $ $ $1, SINGLE FAMILY % $69, $ $ $1, SINGLE FAMILY % $46, $ $ $1, SINGLE FAMILY % $40, $ $1, $1, % $300, LESS: Pasco County Collection Costs and Early Payment Discount Costs ($18,051.70) Net Revenue to be Collected $282, (1) Reflects 2 (two) prepayments (previous bond - Series 2005A) (2) Reflects the number of total lots with Series 2015 debt outstanding. (3) Annual debt service assessment per lot adopted in connection with the Series 2005A bond issue. Annual assessment includes principal, interest, Pasco County collection costs and early payment discount costs. (4) Annual assessment that will appear on November 2017 Pasco 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.

5 FISCAL YEAR 2017/2018 O&M & DEBT SERVICE ASSESSMENT SCHEDULE 2017/2018 O&M Budget $282, Pasco Co. 6% Collection Cost: 6% $18, /2018 Total: $300, /2017 O&M Budget $251, /2018 O&M Budget $282, Total Difference: $31, PER UNIT ANNUAL ASSESSMENT Proposed Increase / Decrease 2016/ /2018 $ % Debt Service - Townhome $ $ $ % Operations/Maintenance - Townhome $ $ $ % Total $ $ $ % Debt Service - SF 50/55 $ $ $ % Operations/Maintenance - SF 50/55 $ $ $ % Total $ $ $ % Debt Service - SF 60 $ $ $ % Operations/Maintenance - SF 60 $ $ $ % Total $1, $1, $ % Debt Service - SF 65 $ $ $ % Operations/Maintenance - SF 65 $ $ $ % Total $1, $1, $ % Debt Service - SF 70 $ $ $ % Operations/Maintenance - SF 70 $ $ $ % Total $1, $1, $ % # of single family units: Debt Service - SF 80 $1, $1, $ % Operations/Maintenance - SF 80 $ $ $ % Total $1, $1, $ %