Approved Budget	
Fiscal Year 2021	

Wynnfield Lakes	
Community Development District	

July 22, 2020

Wynnfield Lakes	
Community Development District	

Page #
General Fund

Debt Service Fund

Capital Reserve Fund
Budget	11
General Fund

 Description	

Revenues

Total Revenues	 	$531,255 	$532,159 	$32,817 	$564,976 	$531,255 Expenditures
 	 	 	 	 	
Total Administrative	 	$108,797 	$73,524 	$32,982 	$106,506 	$110,081 

Wynnfield Lakes
Community Development District										
General Fund	

 Description			Adopted Budget
 	FY 2020			Actual Thru
 	6/30/2020			Projected Next
 	3 Months			Total Projected
 	9/30/2020			Approved Budget
 	FY 2021		

Maintenance-Continued
Landscape Maintenance (Yellowstone)		

$55,904		

$43,770		

$12,134		

$55,904		

$57,900	
Landscape Contingency		$23,700		$9,572		$14,128		$23,700		$23,700	
Lake Maintenance (Lake Doctors)		$10,140		$7,155		$3,285		$10,440		$10,440	
Irrigation Maintenance (Yellowstone)		$3,600		$327		$3,273		$3,600		$3,600	
Repairs & Replacements		$30,000		$16,627		$13,373		$30,000		$30,000	
Electric (JEA)		$16,500		$10,499		$6,001		$16,500		$16,500	
Water & Sewer/Irrigation (JEA)		$25,000		$20,140		$4,860		$25,000		$25,000	
Telephone/Internet & Cable (Comcast)		$3,600		$2,478		$882		$3,360		$3,600	
Refuse Service (Republic Services)		$8,400		$6,949		$2,400		$9,349		$9,600	
Stormwater User Fees		$1,140		$0		$1,140		$1,140		$1,140	
Office Supplies / Mailings / Printings		$1,250		$290		$960		$1,250		$1,250	
Permit Fees		$1,500		$951		$550		$1,500		$1,500	
Special Events		$10,000		$4,429		$5,571		$10,000		$10,000	
Recreation Passes		$500		$0		$500		$500		$500	
Reserve Funding-CY		$23,760		$23,760		$32,286		$56,046		$21,000	
Animal Control		$15,600		$10,685		$4,915		$15,600		$15,600	
Contingency		$12,720		$7,118		$7,940		$15,058		$7,127	
Total Maintenance		 	$422,458 		 	$288,210 		 	$170,259 		 	$458,469 		 	$421,174 	
Total Expenditures		 	$531,255 		 	$361,735 		 	$203,241 		 	$564,975 		 	$531,255 	
Excess Revenues/(Expenditures)		 	$0 		 	$170,425 		 	($170,424)		 	$0 		 	$0 	

	FY 2019		FY 2020		FY 2021	
Net Assessment	$528,955.20		$528,955.00		$528,955.00	
Plus Collection Fees & Discounts (7.5%)
Gross Assessment	$42,888.26		$42,888.24		$42,888.24	
	$571,843.45		$571,843.24		$571,843.24	

	FY 2020		FY 2021		
Description	No. of Units	Gross per Unit	Total	Gross per Unit	Total	
Single Family	372	$1,124.16	$418,189.12	$1,124.16	$418,189.12	
Multi-Family	204	$753.21	$153,654.34	$753.21	$153,654.34	
Total Gross Assessment		$571,843.45		$571,843.45	
Wynnfield Lakes					
Community Development District					

Exhibit "A"	
Allocation of Operating Reserve	

Less:			
Funding for First Quarter Operating Expenses	($132,814)		
Projected Additional Transfer to Capital Reserve	 	($32,286)	($165,100)	

Wynnfield Lakes
Community Development District	General Fund

Revenues:

Interest Income
The operating fund of the District will be invested in accordance with Investment Resolution 2005-11 adopted August 11, 2005 by the District.

Special Assessments
The District will levy a non-ad-valorem assessment on all developable property within the District to fund all of the Operating & Maintenance Expenditures for the Fiscal Year.

Clubhouse Income
Represents estimated income from the rental of the Community Room.

Interfund Transfer-DSF Excess Revenues
Pursuant to Section 4.02. of the Master Indenture, the District should receive any moneys in excess on the Series 2014 Revenue Account after the last Interest Payment Date (November 1st) in any calendar year.

Expenditures:

Administrative:

Supervisor Fees
Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon five supervisors attending the six estimated meetings.

FICA Expense
These expenses represent the Employer’s share of Social Security and Medicare taxes withheld from the Board of Supervisors checks.

Engineering Fees
The District's engineering firm, England, Thims & Miller, Inc. will be providing general engineering services to the District including, attendance, preparation for board meetings, review invoices, etc.

Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District's Series 2014 Special Assessment Refunding Bonds.

Trustee Fees
The District issued Series 2014 Special Assessment Refunding Bonds which are held with a Trustee at US Bank. The amount of the trustee fees is based on the agreement between US Bank and the District.

Assessment Roll
The District has contracted with GMS, LLC for the certifications of the District’s annual maintenance and debt service assessments to the Duval County Tax Collector.
Wynnfield Lakes
Community Development District	General Fund

Administrative: (continued)

Attorney Fees
The District's legal counsel will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.

Dissemination Agent
The District has contracted Governmental Management Services, LLC to act as the Dissemination Agent for the District to prepare the Annual Disclosure Report required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. These services are further outlined in Exhibit "A" of the Management Agreement.

Computer Time
The District processes all its financial activities, i.e., accounts payable, financial statements, etc. on a mainframe computer leased by Governmental Management Services, LLC.

Travel & Per Diem
Expenses the Board of Supervisors may incur due to attending a Wynnfield Lakes Community Development District meeting or other District related travel expenses.

Telephone
Telephone and fax machine.

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Meeting Room
Cost to rent seminar room.

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.
Wynnfield Lakes
Community Development District	General Fund

Administrative: (continued)

Other Current Charges
Monthly bank charges and monthly water cooler rental and supplies from Crystal Springs.

Office Supplies
Represents various office supplies purchase for the District.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Maintenance:

Insurance
The District’s Amenity Center property insurance policy is with Preferred Governmental Insurance Trust (PGIT). PGIT specializes in providing insurance coverage to governmental agencies.

Field Management
The District receives contract administration services from GMS, LLC to oversee the work performed by outside service providers.

Description	Monthly	Annually	
GMS, LLC	$1,856.57	$22,279	

Amenity Center Management
The District Receives services provided by RMS, Inc to manage the amenity center facilities.

Description	Monthly	Annually	
RMS, INC	$4,413.89	$52,967	

Facility Attendant
Cost of attendant responsible for the daily operations of the facility.

Security Service / Monitoring

The District has contracted with Giddens Security Corporation to provide security services at the Amenity Center.

Description	bi-weekly	Annually	
Giddens Security Corp.	$1,260.80	$32,781	
Holiday security		$ 1,219	
Total		$34,000	

General Facility Maintenance
Cost of routine repairs and maintenance of the District’s common areas and Amenity Center.

Janitorial Service
The District has contracted with Riverside Management Services, Inc. to provide janitorial services for the Amenity Center.
Wynnfield Lakes
Community Development District	General Fund

Maintenance: (continued)

Janitorial Supplies
Supplies needed to stock the restrooms and clubhouse as well as cleaning supplies.

Fitness Center Supplies
Supplies needed to stock the fitness center as well as cleaning supplies.

Pool Maintenance
The District has contracted with Crystal Clean Pools for the maintenance of the Amenity Center Swimming Pool.

Vendor/Service	Monthly	Annually	
Crystal Clean Pools-Maintenance	$900	$10,800	
Crystal Clean Pools-Contingency		  $1,700	
Total		$12,500	

Pool Chemicals
Chemical costs related to the maintenance of the Amenity Center Pool.

Landscape Maintenance
Scheduled maintenance consists of edging, weed eating, weeding of beds, blowing mid or vacuuming and weeding of lawns, pruning, leaning litter, pesticide application, fertilization, irrigation repair and annuals. Replace of mulch and pine straw.

Vendor/Service	Monthly	Annually	
Yellowstone-Maintenance	$4,324.98	$51,900	
Yellowstone-Mulch/Pine Straw		  $6,000	
Total		$57,900	

Landscape Contingency
Represents an unanticipated cost associated with the maintenance of mowing, edging, blowing, applying pest, tree removal and trimming and disease control chemicals to sod. The District may fund goose control as part of landscape contingency.

Lake Maintenance
The District has contracted with Lake Doctors, Inc. to maintain the water quality in all the lakes in Wynnfield Lakes Community Development District. The District may fund Midge (Blind Mosquito) eradication as part of Lake Maintenance

Vendor/Service	Monthly	Annually	
Lake Doctors-Maintenance	$770	$9,240	
Lake Doctors-Grass Carp		     $900	
Total		$10,140	

Irrigation Maintenance
Miscellaneous irrigation repairs and maintenance.

Repairs & Replacements
Cost of routine repairs and replacements of the District’s common areas and Amenity Center.
Wynnfield Lakes
Community Development District	General Fund

Maintenance: (continued)

Electric
The District has various utility accounts with JEA for lighting at the Amenity Center and has contracted with a security company for the monitoring of the emergency phone.
Monthly
Vendor	Location	average	Annually	
JEA	12319 Wynnfield Lakes Dr	$1,273	$15,274	
JEA	12397 Wynnfield Lakes apt	$ 102	$ 1,226	
Total			$16,500	

Water & Sewer/Irrigation
The District has various utility accounts with JEA for water/sewer and irrigation at the Amenity Center and has contracted with a security company for the monitoring of the emergency phone.

Vendor	
Location	Monthly average	
Annually	
JEA-Water	12319 Wynnfield Lakes Dr	$	64	$	773	
JEA-Sewer	12319 Wynnfield Lakes Dr	$ 167	$ 2,000	
JEA-Irrigation	12319 Wynnfield Lakes Dr	$1,760	$21,120	
JEA-Irrigation	12510 Diamond Springs Dr.	$	92	$ 1,107	
Total			$25,000	

Telephone/Cable TV/Internet
Services provided at the Amenity Center by Comcast.

Refuse Service
Garbage disposal service.

Stormwater User Fees
The District will incur expenses for stormwater usage fees.

Office Supplies / Mailings / Printings
Consists of mailings to residents, etc.

Permit Fees
Represents Permit Fees for ASCAP, SESAC and Department of Health for the swimming pool permit.

Special Events
Represents estimated cost for the District to host any special events for the community throughout the Fiscal Year.

Recreation Passes
Represents the estimated cost for access cards to the District’s Amenity Center.

Reserve Funding
Represents funds needed for Capital Projects.

Animal Control
The district contracted Goose Masters of Northeast Florida to provide weekly goose control services.

Contingency
Represents an unanticipated cost associated with the operation and maintenance of the District’s Amenity Center and field operations.

 Description	

Revenues

Carry Forward Surplus (1)	
Interest Income	
Special Assessments - On Roll	

Total Revenues

$136,273	$142,882	$0	$142,882
$5,000	$4,974	$120	$5,094
$521,104	$519,358	$0	$519,358

 	$662,346 

Expenditures

Series 2014	
Interest - 11/01	
Special Call - 11/01	
Interest - 05/01	
Principal - 05/01	
Special Call - 05/01	

Total Expenditures	
 	$517,994 		
 	$527,881 		
 	$0 		 	$527,881 		
 	$515,600 	
Excess Revenues/(Expenditures)	 	$144,383 		 	$139,333 		 	$120 		 	$139,453 		 	$146,746 	

11/1/21  Interest payment     $	118,750 

Net Assessment	$517,893.59
$41,991.37	
Plus Collection Fees & Discounts (7.5%)		
Gross Assessment	$559,884.96	

(1) Carry forward surplus is net of the reserve requirement.	
(2) One single family assessment has paid off their debt assessment.	
(3) Multi-Family Unit assessments were prepaid with a Special Call on May 1, 2008.	
Wynnfield Lakes	
Community Development District	
Series 2014 Special Assessment Refunding Bonds	

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
					
11/01/20	$5,915,000.00	$0.00	$122,800.00	$0.00	
05/01/21	$5,915,000.00	$270,000.00	$122,800.00	$515,600.00	
11/01/21	$5,645,000.00	$0.00	$118,750.00	$0.00	
05/01/22	$5,645,000.00	$275,000.00	$118,750.00	$512,500.00	
11/01/22	$5,370,000.00	$0.00	$114,281.25	$0.00	
05/01/23	$5,370,000.00	$290,000.00	$114,281.25	$518,562.50	
11/01/23	$5,080,000.00	$0.00	$109,206.25	$0.00	
05/01/24	$5,080,000.00	$300,000.00	$109,206.25	$518,412.50	
11/01/24	$4,780,000.00	$0.00	$103,768.75	$0.00	
05/01/25	$4,780,000.00	$310,000.00	$103,768.75	$517,537.50	
11/01/25	$4,470,000.00	$0.00	$97,956.25	$0.00	
05/01/26	$4,470,000.00	$325,000.00	$97,956.25	$520,912.50	
11/01/26	$4,145,000.00	$0.00	$91,456.25	$0.00	
05/01/27	$4,145,000.00	$340,000.00	$91,456.25	$522,912.50	
11/01/27	$3,805,000.00	$0.00	$84,231.25	$0.00	
05/01/28	$3,805,000.00	$350,000.00	$84,231.25	$518,462.50	
11/01/28	$3,455,000.00	$0.00	$76,793.75	$0.00	
05/01/29	$3,455,000.00	$370,000.00	$76,793.75	$523,587.50	
11/01/29	$3,085,000.00	$0.00	$68,931.25	$0.00	
05/01/30	$3,085,000.00	$385,000.00	$68,931.25	$522,862.50	
11/01/30	$2,700,000.00	$0.00	$60,750.00	$0.00	
05/01/31	$2,700,000.00	$400,000.00	$60,750.00	$521,500.00	
11/01/31	$2,300,000.00	$0.00	$51,750.00	$0.00	
05/01/32	$2,300,000.00	$420,000.00	$51,750.00	$523,500.00	
11/01/32	$1,880,000.00	$0.00	$42,300.00	$0.00	
05/01/33	$1,880,000.00	$440,000.00	$42,300.00	$524,600.00	
11/01/33	$1,440,000.00	$0.00	$32,400.00	$0.00	
05/01/34	$1,440,000.00	$460,000.00	$32,400.00	$524,800.00	
11/01/34	$980,000.00	$0.00	$22,050.00	$0.00	
05/01/35	$980,000.00	$480,000.00	$22,050.00	$524,100.00	
11/01/35	$500,000.00	$0.00	$11,250.00	$0.00	
05/01/36	$500,000.00	$500,000.00	$11,250.00	$522,500.00	

$5,915,000.00	$2,417,350.00	$8,332,350.00	

Capital Reserve Fund

 Description	

 Total Revenues	

Expenditures

 Total Expenditures		 	$15,420 	$68,937 	$20,210 	$89,147 

 	$260,791 	$181,315 	$12,316 	$193,632 	$202,082 

 Ending Fund Balance		 	$260,791 	$181,315 	$12,316 	$193,632 	$202,082