Adopted BudgetFiscal Year 2024

 

Wynnfield LakesCommunity Development District

July 19, 2023

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Wynnfield LakesCommunity Development District

TABLE OF CONTENTS

Page #

General Fund

BudgetReserve AllocationsBudget Narrative

1-234-9

Debt Service Fund

Series 2014BudgetAmortization Schedule

1011

Capital Reserve Fund

Budget

12


Wynnfield Lakes

Community Development District

Description

Revenues

Carry Forward SurplusInterest IncomeSpecial Assessment - On RollClubhouse IncomeMiscellaneous Revenues

Total Revenues

Expenditures

Administrative

Supervisor FeesFICA ExpenseEngineering FeesArbitrage Rebate (Grau)
Trustee Fees (US Bank)
Assessment Roll (GMS)
Attorney Fees (KE Law Group)
Dissemination Agent (GMS)
Annual Audit (Berger)
Management Fees (GMS)
Computer TimeTravel & Per DiemTelephonePostagePrinting & BindingMeeting RoomGeneral Liability InsuranceLegal AdvertisingOther Current ChargesOffice SuppliesWebsite AdministrationDues, Licenses & Subscriptions (DEO)

Total Administrative

Maintenance

Insurance (FIA)
Utilities - Irrigation (JEA)
Field Operations Management(Vesta Property)
Security Service/Monitoring (Fidelity Security)
Landscape Maintenance (Yellowstone)
Landscape ContingencyLake Maintenance (Solitude)
Irrigation Maintenance (Yellowstone)
Repairs & ReplacementsRefuse Service (Waste Managment)
Stormwater User FeesAnimal ControlContingencyReserve Funding-CY

Total Maintenance

AdoptedBudgetFY 2023

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

$596,888

$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

$113,829

$10,290$11,750$27,053$34,000$57,900$23,700$10,672$10,000$15,000$11,400$1,140$15,000$13,000$50,000

$290,905

ActualThru6/30/2023

$0$7,593$596,615$300$5,842

$610,349

$4,800$367$1,290$0$0$5,000$13,452$825$3,140$37,316$900$0$296$810$406$1,250$8,095$0$196$7$0$175

$78,325

$9,914$1,332$20,290$34,527$38,551$7,260$6,948$3,536$4,968$7,459$0$11,221$0$50,000

$196,005

ProjectedNext3 Months

$0

$3,000$0$0$0

$3,000

$2,000$153$1,000

$600$4,800$0$6,548$275$0$12,439$300$100$50$50$344$500$0$1,000$404$50$400$0

$31,013

$0$1,068$6,763$13,313$12,845$16,440$2,316$6,465$10,032

$712

$1,140$3,435$13,000$29,660

$117,189

General FundTotalAdoptedProjectedBudget9/30/2023FY 2024$0$0$10,593$2,000$596,615$659,082$300$500$5,842$0$613,349$661,582$6,800$6,000$520$459$2,290$4,500$600$600$4,800$4,800$5,000$5,150$20,000$20,000$1,100$1,133$3,140$3,230$49,755$51,248$1,200$1,400$100$100$346$250$860$300$750$750$1,750$1,500$8,095$8,904$1,000$1,000$600$1,000$57$150$400$600$175$175$109,338$113,249$9,914$14,871$2,400$11,750$27,053$27,864$47,840$47,840$51,396$61,953$23,700$21,835$9,264$10,672$10,000$10,000$15,000$15,000$8,171$2,400$1,140$1,140$14,656$15,000$13,000$10,000$79,660$100,000$313,194$350,325

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Wynnfield Lakes

Community Development District

General Fund

DescriptionAmenityAmenity 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 & ReplacementsFitness Equipment MaintenanceFitness Center SuppliesPool Maintenance (Vesta Property)
Pool Chemicals (PoolSure)
Janitorial Service/Supplies(Vesta Property)
Office Supplies / Mailings / PrintingsOperating SuppliesPermit FeesSpecial EventsRecreation PassesHoliday LightingTotal AmenityTotal ExpendituresExcess (deficiency) of revenuesover (under) expendituresOther Financing Sources/(Uses)
Interfund Transfer In/(Out) - DSF Excess RevenuesTotal Other Financing Sources/(Uses)
Excess Revenues/(Expenditures)
AdoptedBudgetFY 2023$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$0$202,251$606,986($10,098)
$10,098$10,098$0ActualThru6/30/2023$57,212$8,656$13,249$11,901$4,713$3,634$2,459$0$613$10,622$7,232$6,694$1,055$2,787$1,639$4,806$0$0$137,270$411,600$198,750$12,206$12,206$210,956ProjectedNext3 Months$19,071$2,885$4,416$3,967$1,571$1,245$14,041$1,360$387$3,540$3,600$2,231$352$1,393$0$5,194$500$0$65,754$213,956($210,956)
$0$0($210,956)
TotalProjected9/30/2023$76,283$11,541$17,665$15,868$6,283$4,879$16,500$1,360$1,000$14,162$10,832$8,926$1,406$4,180$1,639$10,000$500$0$203,023$625,556($12,206)
$12,206$12,206$0FY 2024$659,082$53,439$712,521AdoptedBudgetFY 2024$78,571$11,886$18,195$21,000$6,600$4,800$16,500$1,360$1,000$14,588$9,600$9,194$1,250$4,500$1,700$10,000$500$5,000$216,243$679,816($18,234)
$18,234$18,234$0Total Increase$64,210$5,206$69,416

FY 2022FY 2023Net Assessment$528,955$594,873Plus Collection Fees & Discounts (7.5%)$42,888$48,233Gross Assessment$571,843$643,106

FY 2023FY 2024IncreaseDescriptionNo. of UnitsGross per UnitTotalGross per UnitTotalGross per UnitSingle Family372$1,264.26$470,303$1,400.72$521,067$136.46Multi-Family204$847.07$172,802$938.50$191,455$91.43Total Gross Assessment$643,106$712,521

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Wynnfield Lakes

Community Development District

Exhibit "A"
Allocation of Operating Reserve

DescriptionBeginning Balance - Carry Forward Surplus (As of 10/1/2022)
Estimated Excess Revenues (Expenditures) - FY 2023Ending Balance (As of 09/30/2023)
Less:
Funding for First Quarter Operating ExpensesProjected Additional Transfer to Capital Reserve($144,954)
($117,055)
Amount$262,009$0$262,009($262,009)
Total Undesignated Cash as of 09/30/2023($0)

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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. 

 

 Monthly 

 Vendor Location 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 $2,322 $27,864 

 

 

Security Service / Monitoring 

The District has contracted with Fidelity Security Operations, LLC to provide Onsite security Guard Duty. Guards 5 nights a week. 

 

 

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 $5,162.75 $61,953 

 

 

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. 

 


 

Maintenance: (continued) 

 

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 $6,547 $78,571 

 

Facility Attendant 

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

 

 Description Monthly Annually 

 Vesta Property Services $991 $11,886 

 

 

General Facility Maintenance 

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

 

 Description Monthly Annually 

 Vesta Property Services $1,516 $18,195 

 

 

 


 

Amenity: (continued) 

 

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 $1,379 $19,630 

 JEA-Electric 12397 Wynnfield Lakes apt $ 96 $ 1,370 

 Total $21,000 

 

Utilities - Water & Sewer 

The District has various utility accounts with JEA for water/sewer at the Amenity Center. 

 

 Monthly 

 Vendor Location 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. 

 

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 $1,216 $14,588 

 

 

Pool Chemicals 

PoolSure provides the chemicals for the Amenity Center Swimming Pool. 

 

 Description Monthly Annually 

 Chemicals $ 800 $ 9,600 

 

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 $ 766 $ 9,194 

 

Office Supplies / Mailings / Printings 

Consists of mailings to residents, etc. 

 

 

 


 

Amenity: (continued) 

 

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. 

 

Holiday Lighting 

Holiday lighting throughout the district. 

 

 

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 LakesDebt Service Fund

Community Development District

Series 2014 Special Assessment Refunding Bonds

AdoptedActualProjectedTotalAdoptedBudgetThruNextProjectedBudgetDescriptionFY 20236/30/20233 Months9/30/2023FY 2024RevenuesCarry Forward Surplus(1)$125,680$123,447$0$123,447$133,388Interest Income$0$17,786$3,300$21,086$5,000Special Assessments - On Roll$517,894$519,411$0$519,411$517,894Total Revenues$643,573$660,644$3,300$663,944$656,282ExpendituresSeries 2014Interest - 11/01$114,175$114,175$0$114,175$109,100Interest - 05/01$114,175$114,175$0$114,175$109,100Principal - 05/01$290,000$290,000$0$290,000$300,000Total Expenditures$518,350$518,350$0$518,350$518,200Excess (deficiency) of revenuesover (under) expenditures$125,223$142,294$3,300$145,594$138,082Other Financing Sources/(Uses)
Interfund Transfer In / (out) - DSF Excess Revenues($10,098)($12,206)$0($12,206)($18,234)
Total Other Financing Sources/(Uses)($10,098)($12,206)$0($12,206)($18,234)
Excess Revenues/(Expenditures)$115,125$130,088$3,300$133,388$119,84811/1/24 Interest payment$103,663ParcelUnit CountAssessmentTotalSingle Family368$1,518.48$558,800.64Single Family(2)1$1,084.32$1,084.32Multi-Family(3)206$0.00$0.00Total575$559,884.96Net Assessment$517,893.59Plus Collection Fees & Discounts (7.5%)$41,991.37Gross 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.
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Wynnfield Lakes

Community Development District

Series 2014 Special Assessment Refunding Bonds

AMORTIZATION SCHEDULE

DATEBALANCEPRINCIPALINTERESTTOTAL11/01/23$5,075,000.00$0.00$109,100.00$0.0005/01/24$5,075,000.00$300,000.00$109,100.00$518,200.0011/01/24$4,775,000.00$0.00$103,662.50$0.0005/01/25$4,775,000.00$310,000.00$103,662.50$517,325.0011/01/25$4,465,000.00$0.00$97,850.00$0.0005/01/26$4,465,000.00$325,000.00$97,850.00$520,700.0011/01/26$4,140,000.00$0.00$91,350.00$0.0005/01/27$4,140,000.00$340,000.00$91,350.00$522,700.0011/01/27$3,800,000.00$0.00$84,125.00$0.0005/01/28$3,800,000.00$350,000.00$84,125.00$518,250.0011/01/28$3,450,000.00$0.00$76,687.50$0.0005/01/29$3,450,000.00$365,000.00$76,687.50$518,375.0011/01/29$3,085,000.00$0.00$68,931.25$0.0005/01/30$3,085,000.00$385,000.00$68,931.25$522,862.5011/01/30$2,700,000.00$0.00$60,750.00$0.0005/01/31$2,700,000.00$400,000.00$60,750.00$521,500.0011/01/31$2,300,000.00$0.00$51,750.00$0.0005/01/32$2,300,000.00$420,000.00$51,750.00$523,500.0011/01/32$1,880,000.00$0.00$42,300.00$0.0005/01/33$1,880,000.00$440,000.00$42,300.00$524,600.0011/01/33$1,440,000.00$0.00$32,400.00$0.0005/01/34$1,440,000.00$460,000.00$32,400.00$524,800.0011/01/34$980,000.00$0.00$22,050.00$0.0005/01/35$980,000.00$480,000.00$22,050.00$524,100.0011/01/35$500,000.00$0.00$11,250.00$0.0005/01/36$500,000.00$500,000.00$11,250.00$522,500.00$5,075,000.00$1,704,412.50$6,779,412.50

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Wynnfield Lakes

Community Development District

Capital Reserve Fund

Description

Revenues

Carry Forward SurplusCapital Reserve Funding - Transfer InInterest Income

Total RevenuesExpenditures

Capital OutlayOther Current Charges

Total Expenditures

Excess (deficiency) of revenuesover (under) expenditures

Excess Revenues/(Expenditures)

AdoptedBudgetFY 2023

$91,638$50,000$50

$141,688

$100,000$600

$100,600

$41,088

$41,088

ActualThru6/30/2023

$125,926$50,000$3,660

$179,586

$71,395$349

$71,743

$107,842

$107,842

ProjectedNext3 Months

$0$29,660$1,000

$30,660

$28,605$251

$28,857

$1,803

$1,803

TotalProjected9/30/2023AdoptedBudgetFY 2024$125,926$79,660$4,660$109,646$100,000$2,000$210,246$211,646$100,000$600$100,000$600$100,600$100,600$109,646$111,046$109,646$111,046

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