Adopted Budget	
Fiscal Year 2019	

Wynnfield Lakes	
Community Development District	

July 18, 2018	

Wynnfield Lakes	
Community Development District	

TABLE OF CONTENTS	

General Fund		
Budget	Page 1-2	
Reserve Allocations	Page 3	
Budget Narrative	Page 4-8	
Debt Service Fund		
Series 2014		
Budget	Page 9	
Amortization Schedule	Page 10	
Capital Reserve Fund		
Budget	Page 11	

Wynnfield Lakes											
Community Development District										General Fund	
		Adopted		Actual		Projected		Total		Adopted	
		Budget		Thru		Next		Projected		Budget	
 Description			 	FY 2018			     3/31/2018			 	6 Months			     9/30/2018			 	FY 2019		
Revenues											
Special Assessment - Levy		$500,362		$493,340		$7,022		$500,362		$528,955	
Clubhouse Income		$250		$1,104		$0		$1,104		$250	
Interest Income		$15		$222		$222		$445		$15	
Carryforward Surplus		$7,465		$0		$0		$0		$0	
 TOTAL REVENUES			 	$508,092 		 	$494,666 		 	$7,244 		 	$501,911 		 	$529,220 	
Expenditures											
Administrative											
Supervisor Fees		$6,000		$2,400		$3,000		$5,400		$6,000	
FICA Expense		$459		$184		$230		$413		$459	
Engineering		$4,500		$875		$3,625		$4,500		$4,500	
Arbitrage (Grau)		$1,200		$50		$1,150		$1,200		$1,200	
Trustee (US Bank)		$4,400		$0		$4,400		$4,400		$3,795	
Assessment Roll (GMS)		$5,000		$5,000		$0		$5,000		$5,000	
Attorney (HGS)		$22,000		$4,289		$17,711		$22,000		$20,000	
Dissemination Agent (GMS)		$1,100		$500		$500		$1,000		$1,100	
Annual Audit (Grau)		$3,700		$0		$3,700		$3,700		$3,800	
Management Fees (GMS)		$46,006		$23,003		$23,003		$46,006		$46,006	
Computer Time		$1,000		$500		$500		$1,000		$1,000	
Travel & Per Diem		$100		$0		$150		$150		$100	
Telephone		$125		$47		$78		$125		$125	
Postage		$300		$124		$170		$294		$300	
Printing & Binding		$750		$178		$572		$750		$750	
Insurance (FIA)		$7,783		$6,759		$0		$6,759		$7,485	
Legal Advertising		$1,000		$226		$774		$1,000		$1,000	
Other Current Charges		$4,200		$1,656		$2,114		$3,770		$4,200	
Office Supplies		$50		$5		$45		$50		$50	
Dues, Licenses & Subscriptions (DCA)		$175		$175		$0		$175		$175	
Meeting Room		$1,290		$645		$645		$1,290		$1,290	
 TOTAL ADMINISTRATIVE			 	$111,138 		 	$46,616 		 	$62,367 		 	$108,982 		 	$108,335 	
Maintenance											
Insurance (FIA)		$7,985		$7,605		$0		$7,605		$8,366	
Field Management (GMS)		$21,000		$10,500		$10,500		$21,000		$21,000	
Amenity Center Management (RMS)		$49,926		$24,963		$24,963		$49,926		$51,424	
Office Supplies / Mailings / Printings		$1,250		$474		$776		$1,250		$1,250	
Pool Maintenance (Crystal Clean Pools)		$12,500		$5,400		$5,700		$11,100		$12,500	
Pool Chemicals		$7,000		$1,623		$5,378		$7,000		$7,000	
Permit Fees		$1,500		$876		$0		$876		$1,500	
Landscape Maintenance (Yellowstone)		$49,908		$24,954		$24,954		$49,908		$55,904	
Landscape Contingency		$8,100		$2,478		$5,622		$8,100		$23,700	
Irrigation Maintenance		$3,000		$1,562		$1,438		$3,000		$3,000	

Wynnfield Lakes										
Community Development District									General Fund	
	Adopted		Actual		Projected		Total		Adopted	
	Budget		Thru		Next		Projected		Budget	
 Description		 	FY 2018			     3/31/2018			 	6 Months			     9/30/2018			 	FY 2019		
Maintenance-Continued										
Lake Maintenance (Lake Doctors)	$17,200		$4,500		$4,500		$9,000		$9,900	
General Facility Maintenance	$19,500		$6,400		$9,750		$16,150		$19,500	
Facility Attendants (RMS)	$10,320		$0		$10,320		$10,320		$10,320	
Repairs & Replacements	$30,000		$16,770		$13,230		$30,000		$30,000	
Electric (JEA)	$16,000		$8,088		$8,088		$16,176		$16,500	
Water & Sewer/Irrigation (JEA)	$33,000		$10,549		$10,549		$21,097		$25,000	
Telephone/Internet & Cable (Comcast)	$3,200		$1,624		$1,624		$3,249		$3,200	
Security Service/Monitoring (Giddens)	$33,250		$16,765		$16,765		$33,530		$33,250	
Refuse Service	$5,800		$3,219		$3,219		$6,439		$6,500	
Janitorial (RMS)	$8,755		$4,377		$4,378		$8,755		$8,755	
Janitorial Supplies	$3,500		$1,586		$1,914		$3,500		$3,500	
Stormwater User Fees	$1,140		$0		$1,140		$1,140		$1,140	
Special Events	$7,500		$4,021		$3,479		$7,500		$10,000	
Recreation Passes	$500		$5,515		$0		$5,515		$500	
Reserve Funding-CY	$47,319		$47,319		$0		$47,319		$42,176	
Contingency	$5,363		$2,456		$2,907		$16,171		$15,000	
 TOTAL MAINTENANCE		 	$404,516 		 	$213,625 		 	$171,193 		 	$395,626 		 	$420,885 	
 TOTAL EXPENDITURES		$515,655		$260,240		$233,560		$504,608		$529,220	
Other Sources/(Uses)										
Interfund Transfer-DSF Excess Revenues	$7,563		$2,697		$0		$2,697		$0	
 TOTAL OTHER SOURCES ABD USES		 	$7,563 		 	$2,697 		 	$0 		 	$2,697 		 	$0 	
 ENDING FUND BALANCE		 	$0 		 	$237,123 		 	($226,315) 		 	$0 		 	$0 	
										
					FY 2017		FY 2018		FY 2019	
			Net Assessment		$	471,042		$	500,362		$	528,955	
	Plus Collection Fees & Discounts (7.5%)		  $	38,193 		  $	40,570 		$	42,888	
			Gross Assessment		$	509,234		$	540,932		$	571,843	
										
			FY 2018				FY 2019			
Description	No. of Units		Gross per Unit		FY 2018		Gross per Unit		FY 2019	
Single Family	372		$	1,063.40		$395,583.59		$1,124.16		$418,189.12	
Multi-Family	204		$	712.49		 	$145,348.43 		$753.21		$153,654.34	

Total Gross Assessment					
$540,932.02				
$571,843.45	

WYNNFIELD LAKES			
COMMUNITY DEVELOPMENT DISTRICT	
Exhibit "A"			
Allocation of Operating Reserve			
Description		Amount	

Beginning Balance - Carry Forward Surplus (As of 10/1/2015)		
$122,525	
Estimated Excess Revenues (Expenditures) - FY 2018	 	$0 	
Ending Balance (As of 09/30/2018)	$122,525	
Less:			
Funding for First Quarter Operating Expenses	($122,525)		
Projected Additional Transfer to Capital Reserve	 	$0 	($122,525)	
Total Undesignated Cash as of 09/30/2018		$0	

WYNNFIELD LAKES
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2019
REVENUES:

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.

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.

Miscellaneous 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 $4800 in   one year. The amount for the fiscal year is based upon four 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 BUDGET FISCAL YEAR 2019

Attorney
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 of 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.

Records Storage
All documents of the District will be copied and stored electronically with automatic back up to ensure complete records. Back up of all records will be kept off-site for security and safety.

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.

WYNNFIELD LAKES
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2019
Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

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	$1,750	$21,000	

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

Description	Monthly	Annually
RMS, INC	$4,285.34	$51,424

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

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

Description	Monthly	Annually
Crystal Clean Pools	$900	$11,700
Contingency	$ 800

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

Permit Fees

WYNNFIELD LAKES
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2019

Represents Permit Fees paid to the Department of Health for the swimming pool.

Landscape Maintenance
Scheduled maintenance consists of mowing, edging, blowing, applying pest and disease control chemicals to sod.

Description	Monthly	Annually	
Yellowstone	$4,158.63	$49,904	
Mulch		$6,000	

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

Irrigation Maintenance
Miscellaneous irrigation repairs and maintenance.

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

Description	Monthly	Annually	
Lake Doctors	$750	$9,000	
Grass Carp		$900	

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

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

Repairs & Replacements
Cost of routine repairs and replacements of the District’s common areas and Amenity Center.

Utilities
The District has various utility accounts with JEA for lighting and irrigation at the Amenity Center and has contracted with a security company for the monitoring of the emergency phone.

Description	Monthly	Annually	
Electric/Water Sewer	$3,458.34	$41,500	

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

WYNNFIELD LAKES
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2019
Security / Security Monitoring

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

Description	Monthly	Annually	
Giddens Security Corp.	$2,770.83	$33,250	

Refuse Service
Garbage disposal service.

Janitorial
The District has contracted with Riverside Management Services, Inc. to provide janitorial services    for the Amenity Center.

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

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

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.

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

Wynnfield Lakes	Debt Service Fund
Community Development District	Series 2014 Special Assessment Refunding Bonds

Adopted	Actual	Projected		Total	Adopted Budget		Thru		Next	Projected		Budget
 Description	 	FY 2018	 3/31/2018	 	6 Months	 9/30/2018 	FY 2019	 Revenues
Special Assessments - A Bonds	$519,636	$512,408	$7,455	$519,863	$521,104	
Special Assessments - Direct	$0	$5,000	$0	$5,000	$0	
Interest Income	$100	$2,665	$1,000	$3,665	$650	
Carry Forward Surplus (1)	$139,976	$138,953	$0	$138,953	$129,959	
     TOTAL REVENUES			 	$659,712 		 	$659,026 		 	$8,455 		   $667,481 		 	$651,713 	
Expenditures											
Series 2014											
Interest - 11/01		$132,413		$132,413		$0		$132,413		$129,906	
Special Call - 11/01		$0		$5,000		$0		$5,000		$0	
Interest - 05/01		$132,413		$0		$132,413		$132,413		$129,906	
Principal - 05/01		$255,000		$0		$255,000		$255,000		$260,000	
Special Call - 05/01		$0		$0		$10,000		$10,000		$0	
     TOTAL  EXPENDITURES			 	$519,825 		 	$137,413 		 	$397,413 		   $534,825 		 	$519,813 	
Other Sources and Uses											

Interfund Transfer (2)	($7,563)	($2,697)	$0	($2,697)	$0

     TOTAL OTHER SOURCES AND USES	 	($7,563) 	($2,697) 	$0 	($2,697) 	$0 

EXCESS REVENUES		$132,324		$518,916		($388,957)		$129,959		$131,901	
											
11/19 Interest	 $	126,981.25 

		Gross Annual A		
Parcel	Unit Count	Assessment	Total	
Single Family	371	$1,518.48	$563,356.08	
Single Family (3)	1	$0.00	$0.00	
Multi-Family (4)	 	204		$0.00	$0.00	
Total	576		$563,356.08	

 	

Net Assessment
Plus Collection Fees & Discounts (7.5%) Gross Assessment	$521,104
$42,252	
	$563,356	

(1) Carry forward surplus is net of the reserve requirement.
(2) After completion of the Construction Project, excess Revenues are transferred to the General account for redemption on bonds.
(3) One single family assessment has paid off their debt assessment.
(4) 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	
					
11/01/18	$	6,475,000.00	$	-	$	129,906.25	$	129,906.25	
05/01/19	$	6,475,000.00	$	260,000.00	$	129,906.25	$	-	
11/01/19	$	6,215,000.00	$	-	$	126,981.25	$	516,887.50	
05/01/20	$	6,215,000.00	$	265,000.00	$	126,981.25	$	-	
11/01/20	$	5,950,000.00	$	-	$	123,503.13	$	515,484.38	
05/01/21	$	5,950,000.00	$	275,000.00	$	123,503.13	$	-	
11/01/21	$	5,675,000.00	$	-	$	119,378.13	$	517,881.26	
05/01/22	$	5,675,000.00	$	275,000.00	$	119,378.13	$	-	
11/01/22	$	5,400,000.00	$	-	$	114,909.38	$	509,287.51	
05/01/23	$	5,400,000.00	$	290,000.00	$	114,909.38	$	-	
11/01/23	$	5,110,000.00	$	-	$	109,834.38	$	514,743.76	
05/01/24	$	5,110,000.00	$	305,000.00	$	109,834.38	$	-	
11/01/24	$	4,805,000.00	$	-	$	104,306.25	$	519,140.63	
05/01/25	$	4,805,000.00	$	315,000.00	$	104,306.25	$	-	
11/01/25	$	4,490,000.00	$	-	$	98,400.00	$	517,706.25	
05/01/26	$	4,490,000.00	$	325,000.00	$	98,400.00	$	-	
11/01/26	$	4,165,000.00	$	-	$	91,900.00	$	515,300.00	
05/01/27	$	4,165,000.00	$	340,000.00	$	91,900.00	$	-	
11/01/27	$	3,825,000.00	$	-	$	84,675.00	$	516,575.00	
05/01/28	$	3,825,000.00	$	355,000.00	$	84,675.00	$	-	
11/01/28	$	3,470,000.00	$	-	$	77,131.25	$	516,806.25	
05/01/29	$	3,470,000.00	$	370,000.00	$	77,131.25	$	-	
11/01/29	$	3,100,000.00	$	-	$	69,268.75	$	516,400.00	
05/01/30	$	3,100,000.00	$	385,000.00	$	69,268.75	$	-	
11/01/30	$	2,715,000.00	$	-	$	61,087.50	$	515,356.25	
05/01/31	$	2,715,000.00	$	405,000.00	$	61,087.50	$	-	
11/01/31	$	2,310,000.00	$	-	$	51,975.00	$	518,062.50	
05/01/32	$	2,310,000.00	$	420,000.00	$	51,975.00	$	-	
11/01/32	$	1,890,000.00	$	-	$	42,525.00	$	514,500.00	
05/01/33	$	1,890,000.00	$	440,000.00	$	42,525.00	$	-	
11/01/33	$	1,450,000.00	$	-	$	32,625.00	$	515,150.00	
05/01/34	$	1,450,000.00	$	460,000.00	$	32,625.00	$	-	
11/01/34	$	990,000.00	$	-	$	22,275.00	$	514,900.00	
05/01/35	$	990,000.00	$	485,000.00	$	22,275.00	$	-	
11/01/35	$	505,000.00	$	-	$	11,362.50	$	518,637.50	
05/01/36	$	505,000.00	$	505,000.00	$	11,362.50	$	-	
11/01/36	$	-	$	-	$	-	$	516,362.50	
		$	6,475,000.00	$	2,944,087.54	$	9,419,087.54	

Page 10

Wynnfield Lakes							Capital Reserve Fund	
Community Development District											
		Adopted		Actual		Projected		Total		Adopted	
		Budget		Thru		Next		Projected		Budget	
 Description			    FY 2018			  3/31/2018 		  6 Months 		  9/30/2018 		    FY 2019		
Revenues											
Interest Income		$50		$1,127		$1,127		$2,255		$350	
Capital Reserve Funding - Transfer In		$47,319		$47,319		$0		$47,319		$42,176	
Carry Forward Surplus		$152,000		$152,121		$0		$152,121		$186,277	
     TOTAL REVENUES			   $199,370 		  $200,568 		 	$1,127 		   $201,695 		 $228,802 	
Expenditures											
Capital Outlay		$15,000		$4,690		$10,310		$15,000		$15,000	
Other Current Charges		$350		$203		$216		$419		$350	
     TOTAL  EXPENDITURES			 	$15,350 		 	$4,893 		    $10,526 		 	$15,419 		    $15,350 	
EXCESS REVENUES		$184,020		$195,675		($9,399)		$186,277		$213,452	

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