RESOLUTION 18-23 A RESOLUTION APPROVING THE DISTRICT'S PROPOSED BUDGET OF THE VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO. 12 FOR FISCAL YEAR 2018-19 IN ACCORDANCE WITH CHAPTER 190 F.S. AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW WHEREAS, the District Manager has heretofore prepared and submitted to the Board, the District's Proposed Budget for the forthcoming Fiscal Year 2018-19; and WHEREAS, the Board of Supervisors has accepted said Proposed Budget and desires to set the required public hearing hereon; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO. 12; 1. The operating budget proposed by the District Manager for Fiscal Year 2018-19 is hereby approved for the amount as listed below along with the proposed maintenance assessment rates based on the attached schedule: General Fund $ 2,671,171 2. The budgets for the Debt Service and Capital Projects Funds proposed by the District Manager for Fiscal Year 2018-19 is hereby approved for the amount as listed below: 2016- Debt Service Fund 2018- Debt Service Fund 2018- Capital Projects Fund $ 3,897,125 $ 4,367,550 $ 4. A public hearing on said approved Budget is hereby declared and set for the following date, hour and place: Date: September 13, 2018 Time: 10:00 a.m. Place: District Conference Room Lake Sumter Landing 984 Old Mill Run The Villages, Florida 32
Adopted this 7th day of June 2018. VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO. 12 2
VILLAGE COMMUNITY DEVELOPMENT DISTRICT District 12 FY 2018-19 Budget 18-19 Object C d o es 325200 325211 341900 341999 361100 361101 361102 361105 366000 366001 499995 669900 669901 499998 - - - - 12 001 00 00 000 SOURCES Special Assessments-Serv. Charg Maintenance Assessment Other General Government Chg & Misc Revenue Interest Int Income - CFB Int Income - Cash Equiv Interest Income-Tax Collecto Contributions & Donations from Contributions from Developer TOTAL REVENUE Budget Funding Sources (Add)/Use-Working Capital TOTAL SOURCES 2016-17 c ua At I 280 280 34 34 137,760 137,760 138,074 138,074 Original B d t u age (348,757) (348,757) 1,091,243 Amended B d t u ge (348,757) (348,757 1,091,243 7-Month c ua At I 1,440,043 1,440,043 45 45 6,696 1,360 4,846 490 1446,784 1,446,784 2018-19 Proposed B d U IQet 3,603,694 3,603,694 7,000 3,610,694 (939,523) (939,523) 2,671,171 110 511111 511211 511212 511241 310 513311 513312 514313 513314 513318 519319 320 513322 340 513343 513344 513349 400 511401 410 513412 430 541431 539434 450 513451 460 539462 539463 539464 539468 539469 470 513471 490 513491 513493 513497 539498 513499 600 900 581911 599999 DISBURSEMENTS Personnel Services Executive Salaries Social Securitv Taxes Medicare Taxes Worker's Compensation Professional Services Manaaement Fees Engineering Services Leaal Services Tax Collector Fees Technoloav Services Other Professional Services Accounting & Auditing Auditina Services Other Contractual Services Svstems Manaaement Support Payroll Services Misc Contractual Services Travel & Per Diem Travel & Per Diem Comm.& Freight Service Postaae Utilities Services Electricity lrrii:iation Water Insurance Casualty & Liability lnsuran Repairs & Maintenance Services Buildini:i/Structure Maintenan Landscape Maint.- Recurrini:i Landscape Maint.-Non-Recurri lrrii:iation Repair Other Maintenance Printing & Binding Printina & Bindina Other Current Chg & Obligation Bank Chari:ies Permits & Licenses Leaal Advertisina Proiect Wide Fees Misc Current Charaes Capital Out/av Other Uses Trans to Gen R&R TOTAL DISBURSEMENTS 10,358 9,600 567 168 23 79,474 73,536 2,993 2,945 4,250 4,250 2,224 1,851 211 578 578 27 27 32,302 31,688 614 2,905 2,905 2,554 2,504 50 87 87 3,003 2,541 287 137,762 15,114 14,000 870 205 39 176,758 108,909 7,000 30,000 4,544 26,305 9, 9, 387 225 184,307 105,417 78,890 6,480 6,480 85,738 2 50,938 8,300 610,959 200 6,000 604,084 1,091,243 15,114 14,000 870 205 39 176,758 108,909 7,000 30,000 4,544 26,305 9, 9, 387 225 184,307 105,417 78,890 6,480 6,480 85,738 2 50,938 8,300 610,959 200 6,000 604,084 1,091,243 4,325 4,000 248 58 19 98,952 63,534 650 3,249 28,801 2,649 69 6,750 6,750 256 94 45,068 42,612 2,456 6,107 6,107 8,285 7,895 390 297 297 353,520 920 352,384 41 523,560 15,114 14,000 870 205 39 235,553 119,800 2,600 7,000 75,077 4,771 26,305 14, 14, 387 225 144,840 89,840 55,000 6,820 6,820 303,996 76,000 156,246 14,950 21, 35,300 1,747,961 200 1,744,086 200,000 200,000 2,671,171 3 5/31/2018 5:53 PM
ANNUAL MAINTENANCE ASSESSMENT VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO.12 ANNUAL MAINTENANCE ASSESSMENT 2017/2018 2018/2019 Maintenance Assessments Billed $ 1,,000 $ 3,753,848 New-Phase II Assessment Assessment Village Name Unit Acres # of Lots Per Lot Per Lot Phase I 1F 31.02 129 $ 761.64 $ 761.64 1 - Recr Tract D 1.12 1 $ 3,547.45 3,547.45 1 - Recr Tract F 0.16 1 $ 506.78 506.78 2F 25.70 125 $ 651.21 651.21 3F 21.75 99 $ 695.86 695.86 3 - Recr Tract E 0.41 1 $ 1,298.62 1,298.62 Hillsborough 4F 31.42 130 $ 765.53 765.53 4 - Recr Tract D 1.05 1 $ 3,325.73 3,325.73 Hillsborough 5F 25.04 108 $ 734.36 734.36 5 - Rec Tract N 0.44 1 $ 1,393.64 1,393.64 Lake Deaton 6F 26.70 123 $ 687.55 687.55 Hillsborough 7F 27.81 126 $ 699.08 699.08 Hillsborough 8F 17.21 76 $ 717.24 717.24 Hillsborough 9F 24.97 139 $ 568.99 568.99 Collier 10F 30.85 143 $ 683.31 683.31 Collier 11F 21.99 94 $ 740.96 740.96 Collier 12F 26.73 124 $ 682.77 682.77 Collier 13F 26.63 106 $ 795.73 795.73 Collier Bougainvillea 6.66 46 $ 458.58 458.58 Lake Deaton Sand Pine 7.30 60 $ 385.36 385.36 Lake Deaton Longleaf 7.29 63 $ 366.51 366.51 Heathrow @ Lake Deale Hyacinth 9.18 62 $ 468.97 468.97 Lake Deaton Honeysuckle 7.98 55 $ 459.56 459.56 Spartina 7.66 69 $ 351.62 351.62 Lantana 11.06 78 $ 449.12 449.12 Tupelo 9.22 62 $ 471.02 471.02 Live Oak 9.63 66 $ 462.15 462.15 Magnolia 9.41 80 $ 372.56 372.56 Cypress 5.62 45 $ 395.57 395.57 Sweetgum 6.93 58 $ 378.45 378.45 Mockingbird 7.57 53 $ 452.40 452.40 Palmetto 8.84 58 $ 482.75 482.75 Swallowtail 9.54 69 $ 437.92 437.92 Sugarberry 8.69 58 $ 474.56 474.56 Phase II Total Phase I 473.58 2,509 McClure 14V 18.97 85 $ 706.88 McClure 15V 23.51 104 716.01 McClure 16V 15.32 84 577.67 McClure 17V 10.05 49 649.63 McClure 18V 15.96 79 639.89 McClure 19V 18.31 81 715.98 Marsh Bend 20V 22.99 101 720.97 Marsh Bend 21V 12.00 36 1,055.79 Marsh Bend 22V 8.19 43 603.27 Marsh Bend 23V 14.40 55 829.27 Marsh Bend 24V 7.74 24 1,021.47 Marsh Bend 25V 23.98 103 737.41 Marsh Bend 26V 17.58 76 732.66 Marsh Bend 27V 7.18 36 631.71 Marsh Bend 28V 19.07 79 764.58 Marsh Bend 29V 18.22 81 712.46 De Luna 30V 3.00 9 1,055.79 De Luna 31V 32.47 130 791.11 4 5/31/2018 6:20 PM
ANNUAL MAINTENANCE ASSESSMENT VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO.12 ANNUAL MAINTENANCE ASSESSMENT 2017/2018 2018/2019 Maintenance Assessments Billed $ 1,,000 $ 3,753,848 New-Phase II Assessment Assessment Village Name Unit Acres #of Lots Per Lot Per Lot De Luna 32V 20.44 69 938.27 Linden 33V 20.18 90 710.19 Linden 34V 3.54 21 533.93 Linden 35V 22.13 94 745.68 Monarch Grove 36V 23.48 111 670.00 Phase II Monarch Grove 37V 6.54 31 668.21 Monarch Grove 38V 21.05 87 766.36 Monarch Grove 39V 22.87 104 696.52 Monarch Grove 40V 26.13 112 738.96 Monarch Grove 41V 16.71 91 581.61 Monarch Grove 42V 20.19 88 726.69 Monarch Grove 43V 20.83 99 666.43 Marsh Bend Ava 9.17 59 492.28 Monarch Grove Blake 6.29 53 375.90 Marsh Bend Cade 8.03 50 508.68 McClure Carla 11.86 79 475.51 Monarch Grove Chase 6.62 56 374.43 De Luna Christopher 8.27 53 494.23 Monarch Grove Cliff 8.72 56 493.20 Monarch Grove Glenda 8.27 56 467.75 McClure Haven 7.16 60 377.97 Monarch Grove James 5.34 42 402.71 Marsh Bend Kate 9.93 64 491.44 McClure Keller 8.45 54 495.63 McClure Laine 5.92 50 375.02 Marsh Bend Lee 5.37 45 377.97 Monarch Grove Lilly 10.44 66 501.02 Marsh Bend Marja 8.44 53 504.39 McClure Patricia 9.52 61 494.32 Linden Preston 8.90 57 494.55 Linden Rhett 6.39 56 361.42 Marsh Bend Ryan 7.19 64 355.83 Marsh Bend Samuel 9.19 60 485.13 De Luna Tate Gregory 7.63 67 360.70 Linden Taylor 7.82 49 505.49 Boaz 12.35 78 501.50 Willow Tree Rec Tract 0.40 1 1,274.86 River Bend Rec Tract 0.18 1 578.04 Swallowtail Rec Tract 0.70 1 2,217.15 Total Phase II 711.59 3,643 Grand Total 1,185.17 6,152 Budget Revenue {96%) $ 3,603,694 5 5/31/2018 6:20 PM
VILLAGE COMMUNITY DEVELOPMENT DISTRICT District 12 Debt Service Fund 2016 Assessment Bonds FY 2018-19 Budget 18-19 Object o es C d 325100 325111 325112 361100 361103 384000 384001 499995 381000 381002 669900 669901 499998 2016-17 12-201-00-00 Actual SOURCES Special Assessments-Cap.lmprov 54,056 Debt Service Assessment(Req) Debt Service Assessment(Pre- 54,056 Interest 60,413 Int Income - USB 60,413 Debt Proceeds 6,508,903 Debt Proceeds-Debt Service F 6,508,903 TOTAL REVENUE 6,623,372 lnterfund Transfer Transfer In - Debt Service Budget Funding Sources (Add)/Use-Workinq Capital TOTAL SOURCES 6,623,372 Original Budget 1,186,188 1,086,188 100,000 45,000 45,000 1,231,188 1,051,291 1,051,291 2,282,479 Amended Budget 1,186,188 1,086,188 100,000 45,000 45,000 1,231,188 1,051,291 1,051,291 2,282,479 7-Month Actual 1,323,478 1,085,552 237,926 41,489 41,489 1,364,967 27,483 27,483 1,392,450 2018-19 Proposed Budget 3,921,088 3,421,088,000 30,000 30,000 3,951,088 (53,963) (53,963 3,897,125 310 517314 320 517321 517323 517324 700 517710 517715 517720 517730 900 581919 599999 DISBURSEMENTS Professional Services Tax Collector Fees Accounting & Auditing 3, Accounting Services 3, Trustee Services Arbitraqe Services Debt Service 1,070,825 Principal Principal - Prepayment Interest 1,070,825 Miscellaneous Bond Expenses Other Uses 10,081 Transfer to Miscellaneous 10,081 TOTAL DISBURSEMENTS 1,084,406 22,629 22,629 17,200 3, 13,100 600 2,242,650 100,000 2,141,650 2,282,479 22,629 22,629 17,200 3, 13,100 600 2,242,650 100,000 2,141,650 2,282,479 21,711 21,711 18,215 3, 14,115 600 1,126,575 55,000 1,070,825 750 5,098,031 5,098,031 6,264,532 69,819 69,819 16,600 3, 13,100 3,810,706 1,170,000,000 2,139,706 3,897,125 6 5/30/2018 6:09 PM
VILLAGE COMMUNITY DEVELOPMENT DISTRICT District 12- Debt Service Fund - 2018 Assessment Bonds FY 2018-19 Budget 18-19 Object o es C d 325100 325111 325112 361100 361103 384000 384001 499995 669900 669901 499998 - - - 12 202 00 00 SOURCES Soecial Assessments-Cap.lmorov Debt Service Assessment(Rea) Debt Service Assessment(Pre- Interest Int Income - USB Debt Proceeds Debt Proceeds-Debt Service F TOTAL REVENUE Budget Funding Sources (Add)/Use-Workina Capital TOTAL SOURCES 2016-17 At I c ua Original u 1aet B d Amended u Iaet B d 7-Month A ctua I 3,096 3,096 15,808,751 15,808,751 15,811,847 15,811,847 2018-19 Proposed Budget 4,400,000 4,350,000 50,000 4,400,000 (32,450) (32,450 4,367,550 320 517321 517323 517324 700 517715 517720 517730 599999 DISBURSEMENTS Accounting & Auditinr:, Accountina Services Trustee Services Arbitraae Services Debt Service Principal - Preoavment Interest Miscellaneous Bond Expenses TOTAL DISBURSEMENTS 14,700 13,100 600 4,352,850 50,000 4,301,850 4,367,550 7 5/30/2018 6:35 PM
VILLAGE COMMUNITY DEVELOPMENT DISTRICT District 12 - Capital Projects Fund - 2018 Assessment Bonds FY 2018-19 Budget 18-19 Object C odes 361100 361103 384000 384002 499995 669900 669901 499998 600 539633 700 517730 599999 12-302-00-00 SOURCES Interest Int Income - USB Debt Proceeds 2016-17 Actual Original Budaet Amended Budaet 7-Month Actual 12,127 12,127 78,926,249 Debt Proceeds-Capital Projec 78,926,249 TOTAL REVENUE 78,938,376 Budget Funding Sources (Add)/Use-Workino Capital TOTAL SOURCES 78,938,376 DISBURSEMENTS Capital Out/av 16,110,726 Infrastructure 16,110,726 Debt Service 940,709 Miscellaneous Bond Expenses 940,709 TOTAL DISBURSEMENTS 17,051,435 2018-19 Proposed Budaet 8 5/30/2018 6:35 PM