Adopted Budget	
Fiscal Year 2023	

Wynnfield Lakes	
Community Development District	

July 20, 2022

Wynnfield Lakes	
Community Development District	

TABLE OF CONTENTS

Page #
General Fund

Budget	
Reserve Allocations	
Budget Narrative	

1-2	
3	
4-9	

Debt Service Fund

Series 2014	
Budget	
Amortization Schedule	

10	
11	

Capital Reserve Fund
Budget	12

Wynnfield Lakes	
Community Development District	

Adopted		Actual		Projected		Total		Adopted	
Budget		Thru		Next		Projected		Budget	
	FY 2022				6/30/2022				3 Months				9/30/2022				FY 2023		

 Description	

Revenues	
Carry Forward Surplus	
Interest Income	
Special Assessment - On Roll	
Clubhouse Income	
Miscellaneous Revenues	

$0	
$15	
$528,955	
$2,000	
$0	

$35,970	
$15	
$530,265	
$2,270	
$0	

$0	
$5	
$0	
$500	
$0	

$35,970	
$20	
$530,265	
$2,770	
$0	

$0	
$15	
$594,873	
$2,000	
$0	

Total Revenues		$530,970  	$568,519  	$505  	$569,024  	$596,888  Expenditures

Administrative	
Supervisor Fees	
FICA Expense	
Engineering Fees	
Arbitrage Rebate (Grau)	
Trustee Fees (US Bank)	
Assessment Roll (GMS)	
Attorney Fees (KE Law Group)	
Dissemination Agent (GMS)	
Annual Audit (Berger)	
Management Fees (GMS)	
Computer Time	
Travel & Per Diem	
Telephone	
Postage	
Printing & Binding	
Meeting Room	
Insurance	
Legal Advertising	
Other Current Charges	
Office Supplies	
Website Administration	
Dues, Licenses & Subscriptions (DEO)	

 	
$6,000	
$459	
$4,500	
$600	
$4,800	
$5,000	
$20,000	
$1,100	
$3,500	
$47,386	
$1,200	
$100	
$250	
$300	
$750	
$1,290	
$7,639	
$1,000	
$4,200	
$150	
$400	
$175	

 	
$3,600	
$275	
$563	
$0	
$0	
$5,000	
$15,507	
$825	
$3,050	
$35,539	
$900	
$0	
$226	
$870	
$289	
$860	
$7,530	
$896	
$607	
$82	
$0	
$175	

	
$2,000	
$153	
$3,938	
$600	
$4,800	
$0	
$4,493	
$275	
$0	
$11,847	
$300	
$100	
$24	
$100	
$461	
$430	
$0	
$104	
$270	
$68	
$400	
$0	

	
$5,600	
$428	
$4,500	
$600	
$4,800	
$5,000	
$20,000	
$1,100	
$3,050	
$47,386	
$1,200	
$100	
$250	
$970	
$750	
$1,290	
$7,530	
$1,000	
$877	
$150	
$400	
$175	

	
$6,000	
$459	
$4,500	
$600	
$4,800	
$5,000	
$20,000	
$1,100	
$3,140	
$49,755	
$1,200	
$100	
$250	
$300	
$750	
$1,290	
$8,660	
$1,000	
$4,200	
$150	
$400	
$175	

Total Administrative		$110,799  	$76,794  	$30,362  	$107,156  	$113,829 

Maintenance	
Insurance (FIA)	
Utilities - Irrigation (JEA)	
Field Operations Management (new Vesta Property)	
Security Service/Monitoring (Fidelity Security)	
Landscape Maintenance (Yellowstone)	
Landscape Contingency	
Lake Maintenance (Solitude)	
Irrigation Maintenance (Yellowstone)	
Repairs & Replacements	
Refuse Service (Republic Services)	
Stormwater User Fees	
Animal Control	
Contingency	
Reserve Funding-CY	
Total Maintenance	

$8,616	$8,948	$0	$8,948	$10,290	
$18,428	$6,276	$2,400	$8,676	$11,750	
$26,265	$19,125	$6,375	$25,500	$27,053	
$34,000	$18,849	$5,400	$24,249	$34,000	
$57,900	$37,927	$12,879	$50,806	$57,900	
$23,700	$5,255	$10,000	$15,255	$23,700	
$10,164	$6,948	$2,316	$9,264	$10,672	
$3,600	$8,565	$1,435	$10,000	$10,000	
$15,000	$8,573	$6,427	$15,000	$15,000	
$9,696	$9,069	$3,483	$12,552	$11,400	
$1,140	$0	$1,140	$1,140	$1,140	
$14,280	$10,740	$4,260	$15,000	$15,000	
$12,783	$0	$3,000	$3,000	$13,000	
$0	$86,000	$0	$86,000	$50,000	
	$235,572 		$226,275 		$59,115 		$285,390 		$290,905 	

Wynnfield Lakes	
Community Development District	

Excess (deficiency) of revenues	
over (under) expenditures	

Adopted		Actual		Projected		Total		Adopted	
Budget		Thru		Next		Projected		Budget	
	FY 2022				6/30/2022				3 Months				9/30/2022				FY 2023		

 Description	

Amenity	
Amenity Center Management (Vesta Property)	
Facility Attendants (Vesta Property)	
General Facility Maintenance (Vesta Property)	
Utilities - Electric (JEA)	
Utilities - Water & Sewer (JEA)	
Telephone/Internet & Cable (Comcast)	
Repairs & Replacements	
Fitness Equipment Maintenance	
Fitness Center Supplies	
Pool Maintenance (Vesta Property)	
Pool Chemicals (PoolSure)	
Janitorial Service/Supplies (Vesta Property)	
Office Supplies / Mailings / Printings	
Operating Supplies	
Permit Fees	
Special Events	
Recreation Passes	

$74,061	
$11,205	
$17,150	
$16,500	
$6,572	
$3,696	
$17,388	
$1,360	
$1,000	
$13,750	
$0	
$8,667	
$1,250	
$0	
$1,500	
$10,000	
$500	

$53,928	
$8,159	
$12,488	
$12,605	
$3,671	
$2,915	
$4,254	
$340	
$0	
$10,733	
$3,924	
$6,311	
$1,371	
$1,025	
$1,997	
$9,505	
$190	

$17,976	
$2,725	
$4,168	
$4,500	
$1,500	
$1,086	
$5,000	
$1,020	
$1,000	
$4,336	
$2,881	
$2,101	
$300	
$1,975	
$0	
$495	
$0	

$71,904	
$10,884	
$16,656	
$17,105	
$5,171	
$4,001	
$9,254	
$1,360	
$1,000	
$15,069	
$6,805	
$8,412	
$1,671	
$3,000	
$1,997	
$10,000	
$190	

$76,283	
$11,541	
$17,665	
$16,500	
$6,600	
$4,352	
$16,500	
$1,360	
$1,000	
$15,750	
$9,525	
$8,926	
$1,250	
$3,000	
$1,500	
$10,000	
$500	

Total Amenity		$184,599 			$133,415 			$51,064 			$184,479 			$202,251 	
Total Expenditures		$530,970 			$436,485 			$140,541 			$577,026 			$606,986 	

Other Financing Sources/(Uses)	
	$0 		
	$132,034 		
	($140,036)		
	($8,002)		
	($10,098)	
Interfund Transfer In/(Out) - DSF Excess Revenues	$0		$8,002		$0		$8,002		$10,098	
Total Other Financing Sources/(Uses)		$0 			$8,002 			$0 			$8,002 			$10,098 	
Excess Revenues/(Expenditures)		$0 			$140,036 			($140,036)			$0 			$0 	

Net Assessment
Plus Collection Fees & Discounts (7.5%) Gross Assessment	FY 2021	FY 2022
$528,955
$42,888	
	$528,955		
		$42,888 		
	$571,843	$571,843	

FY 2023	Total Increase	
$594,873	$65,917
	$5,345 
$71,262	
	$48,233 		
$643,106		

Description	
No. of Units	FY 2022
Gross per Unit	Total	
Single Family	372	$1,124.16	$418,189
$753.21		$153,654 
$571,843	
Multi-Family	204		
Total Gross Assessment			

FY 2023	Increase	
Gross per Unit	Total	Gross per Unit	
$1,264.26	$470,303	$140.09	
$847.07		$172,802 	$93.86	
$643,106		

Wynnfield Lakes	
Community Development District	

Exhibit "A"	
Allocation of Operating Reserve	

Description	Amount

Beginning Balance - Carry Forward Surplus (As of 10/1/2021)	
Estimated Excess Revenues (Expenditures) - FY 2022	
Ending Balance (As of 09/30/2022)	

$286,325
	$0 
$286,325

Less:			
Funding for First Quarter Operating Expenses	($151,746)		
Projected Additional Transfer to Capital Reserve		($134,579)	($286,325)	

Total Undesignated Cash as of 09/30/2022	($0)

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- On Roll
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.

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 Rebate
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.

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.

Administrative: (continued)

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.

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

Administrative: (continued)

Office Supplies
Represents various office supplies purchase for the District.

Website Administration
Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

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.

Utilities - Irrigation
The District has various utility accounts with JEA for irrigation meter.

Vendor	
Location	Monthly average	
Annually	
JEA-Irrigation	12319 Wynnfield Lakes Dr	$ 943.50	$11,322	
JEA-Irrigation	12510 Diamond Springs Dr.	$ 36.00	$	428	
Total			$11,750	

Field Operations Management
The District receives contract administration services from Vesta Property Services to oversee the work performed by outside service providers and provide services within the district.

Description	Monthly	Annually	
Vesta Property Services	$2,254.41	$27,053	

Security Service / Monitoring
The District has contracted with Fidelity Security Operations, LLC to provide security services at the Amenity Center.
Security Officer, Patrol Vehicle 3 patrols each night. Weekly cost $420.00 and minimum 3 patrols each day weekly only weekly cost $120. Calls for service $25 per call.
Complimentary services included in the above rate are 24/7 camera monitoring in dispatch center
24/7 complimentary emergency response 24/7 dispatch center access
24/7 access management.

Maintenance: (continued)

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 Solitude Lake Management, 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	$810	$9,727	
Lake Doctors-Grass Carp		 $ 945	
Total		$10,672	

Irrigation Maintenance
Miscellaneous irrigation repairs and maintenance.

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

Refuse Service
Garbage disposal service.

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

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.

Reserve Funding-CY
Represents funds needed for Capital Projects.

Amenity:

Amenity Center Management
The District receives services provided by Vesta Property Services, Inc to manage the Amenity Center facilities.

Description	Monthly	Annually	
Vesta Property Services	$6,356.90	$76,283	

Facility Attendant
Cost of attendant responsible for the daily operations of the facility provided by Vesta Property Services.

Description	Monthly	Annually	
Vesta Property Services	$961.76	$11,541	

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

Description	Monthly	Annually	
Vesta Property Services	$1,472.04	$17,665	

Utilities - 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-Electric	12319 Wynnfield Lakes Dr	$1,270	$15,241	
JEA-Electric	12397 Wynnfield Lakes apt	$ 105	$ 1,259	
Total			$16,500	

Utilities - Water & Sewer
The District has various utility accounts with JEA for water/sewer at the Amenity Center.

Vendor	
Location	Monthly average	
Annually	
JEA-Water	12319 Wynnfield Lakes Dr	$ 336	$ 4,028	
JEA-Sewer	12319 Wynnfield Lakes Dr	$ 214	$ 2,572	
Total			$ 6,600	

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

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

Fitness Equipment Maintenance
Southeast Fitness Repair is maintaining the fitness equipment.

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

Amenity: (continued)

Pool Maintenance
The District has contracted with Vesta Property Services for the maintenance and chemicals of the Amenity Center Swimming Pool.

Description	Monthly	Annually	
Vesta Property Services	$1,145.83	$13,750	
Repairs/supplies		$ 2,000	
Total		$15,750	

Pool Chemicals
PoolSure provides the chemicals for the Amenity Center Swimming Pool.

Description	Monthly	Annually	
Chemicals	$ 793.75	$ 9,525	

Janitorial Service
The District has contracted with Vesta Property Services, Inc. to provide janitorial services and supplies for the Amenity Center.

Description	Monthly	Annually	
Vesta Property Services	$ 751.46	$ 8,926	

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

Operating Supplies
Purchase of supplies for the District's pool, clubhouse, 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.

Other Financing Sources/(Uses)

Interfund Transfer-In/(Out) 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.

Wynnfield Lakes	
Community Development District	

 	
Debt Service Fund	
Series 2014 Special Assessment Refunding Bonds	

Adopted		Actual		Projected		Total		Adopted	
Budget		Thru		Next		Projected		Budget	
	FY 2022				6/30/2022				3 Months				9/30/2022				FY 2023		

 Description	

Revenues

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

$126,655	$126,617	
$0	$160	
$517,894	$519,177	

$0	
$15	
$0	

$126,617	
$175	
$519,177	

$125,680	
$0	
$517,894	

	$644,549 			$645,954 			$15 			$645,969 			$643,573 	

Total Revenues

Excess (deficiency) of revenues	
over (under) expenditures	

Expenditures

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

$118,644	
$118,644	
$275,000	

$118,644	
$118,644	
$275,000	

$0	$118,644	
$0	$118,644	
$0	$275,000	

$114,175	
$114,175	
$290,000	

Total Expenditures		$512,288 			$512,288 			$0 			$512,288 			$518,350 	

Other Financing Sources/(Uses)	
	$132,261 		
	$133,667 		
	$15 		
	$133,682 		
	$125,223 	
Interfund Transfer In / (out) - DSF Excess Revenues	$0		($8,002)		$0		($8,002)		($10,098)	
Total Other Financing Sources/(Uses)		$0 			($8,002)			$0 			($8,002)			($10,098)	
Excess Revenues/(Expenditures)		$132,261 			$125,665 			$15 			$125,680 			$115,125 	

11/1/23 Interest payment 	$109,100
Parcel	Unit Count	Assessment	Total
$558,800.64
$1,084.32
$0.00	
Single Family	368	$1,518.48		
Single Family (2)	1	$1,084.32		
Multi-Family (3)	206	$0.00		
Total	575	$559,884.96	

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	

05/01/22	
$5,640,000.00	
$275,000.00	
$118,643.75	
$512,287.50	
11/01/22	$5,365,000.00	$0.00	$114,175.00	$0.00	
05/01/23	$5,365,000.00	$290,000.00	$114,175.00	$518,350.00	
11/01/23	$5,075,000.00	$0.00	$109,100.00	$0.00	
05/01/24	$5,075,000.00	$300,000.00	$109,100.00	$518,200.00	
11/01/24	$4,775,000.00	$0.00	$103,662.50	$0.00	
05/01/25	$4,775,000.00	$310,000.00	$103,662.50	$517,325.00	
11/01/25	$4,465,000.00	$0.00	$97,850.00	$0.00	
05/01/26	$4,465,000.00	$325,000.00	$97,850.00	$520,700.00	
11/01/26	$4,140,000.00	$0.00	$91,350.00	$0.00	
05/01/27	$4,140,000.00	$340,000.00	$91,350.00	$522,700.00	
11/01/27	$3,800,000.00	$0.00	$84,125.00	$0.00	
05/01/28	$3,800,000.00	$350,000.00	$84,125.00	$518,250.00	
11/01/28	$3,450,000.00	$0.00	$76,687.50	$0.00	
05/01/29	$3,450,000.00	$365,000.00	$76,687.50	$518,375.00	
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	

$5,365,000.00	$1,932,762.50	$7,297,762.50	

Wynnfield Lakes	
Community Development District	

Capital Reserve Fund

Adopted		Actual		Projected		Total		Adopted	
Budget		Thru		Next		Projected		Budget	
	FY 2022				6/30/2022				3 Months				9/30/2022				FY 2023		

 Description	

Revenues	
Carry Forward Surplus	
Capital Reserve Funding - Transfer In	
Interest Income	

$196,395	$106,163	$0	$106,163	$91,638
$0	$86,000	$0	$86,000	$50,000
$200	$99	$5	$104	$50

	$196,595 			$192,262 			$5 			$192,267 			$141,688 	

Total Revenues

$100,000	
$600	
	$100,600 	

Expenditures

Capital Outlay	
Other Current Charges	

$100,000	
$600	

$59,326	
$367	

$40,674	
$262	

$100,000	
$629	

Total Expenditures		$100,600  	$59,693  	$40,936  	$100,629 

Excess (deficiency) of revenues	
over (under) expenditures	

	$95,995  	$132,569  	($40,931) 	$91,638  	$41,088 

Other Financing Sources/(Uses)			 		 		 		 		 Ending Fund Balance		$95,995  	$132,569  	($40,931) 	$91,638  	$41,088