Wynnfield Lakes	
Community Development District	

Approved Proposed Budget	
FY 2025	

Table of Contents

1-2

3

4

5-9

10-11

	General Fund

	Capital Reserve Fund

	Exhibit A Unassigned Fund Balance

	Narratives

	Debt Service Fund Series 2014

12		Assessment Schedule

Wynnfield Lakes	
Community Development District	
Approved Proposed Budget	
General Fund	

REVENUES:

Special Assessments - On Roll	$659,082	$655,387	$5,334	$660,721	$659,082	
Interest income	2,000	13,510	7,200	20,710	10,000	
Clubhouse Income	500	3,271	2,500	5,771	2,000	

TOTAL REVENUES	$661,582	$672,168	$15,034	$687,202	$671,082	

EXPENDITURES:

Administrative						
Supervisor Fees	$6,000	$2,400	$3,000	$5,400	$6,000	
FICA Taxes	459	184	230	413	459	
Engineering	4,500	5,770	5,000	10,770	10,500	
Attorney (KVW)	20,000	7,583	12,417	20,000	20,000	
Annual Audit (Berger)	3,230	3,230	-	3,230	3,300	
Assessment Administration (GMS)	5,150	5,150	-	5,150	5,408	
Arbitrage Rebate (Grau)	600	-	600	600	600	
Dissemination Agent (GMS)	1,133	567	566	1,133	1,190	
Trustee Fees (US Bank)	4,800	-	4,800	4,800	4,800	
Management Fees (GMS)	51,248	25,624	25,624	51,248	53,810	
Information Technology	1,400	700	700	1,400	1,600	
Website Maintenance	600	300	300	600	800	
Telephone	250	-	100	100	250	
Postage & Delivery	300	126	174	300	300	
Travel & Per Diem	100	32	50	82	100	
Meeting Room	1,500	750	750	1,500	1,500	
Insurance General Liability	8,904	8,378	-	8,378	9,635	
Printing & Binding	750	384	366	750	750	
Legal Advertising	1,000	240	760	1,000	1,000	
Other Current Charges	1,000	139	861	1,000	1,000	
Office Supplies	150	1	25	26	150	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$113,249	$61,732	$56,323	$118,055	$123,326	

Wynnfield Lakes	
Community Development District	
Approved Proposed Budget	
General Fund	

Operations & Maintenance

Field Expenditures

Property Insurance (FIA)	$14,871	$15,280	$-	$15,280	$18,336	
Utilities - Irrigation (JEA)	11,750	803	900	1,703	6,000	
Field Operations Management (Vesta Property)	27,864	13,932	13,932	27,864	28,700	
Security Service/Monitoring (Fidelity Security)	47,840	25,189	22,651	47,840	47,840	
Landscape Maintenance (Kohen)	61,953	33,846	33,846	67,692	67,692	
Landscape Contingency	21,835	2,487	19,348	21,835	21,835	
Lake Maintenance (Solitude)	10,672	4,632	4,632	9,264	10,665	
Irrigation Maintenance (Kohen)	10,000	2,474	7,526	10,000	10,000	
Repairs & Replacements	15,000	2,068	12,932	15,000	15,000	
Refuse Service (Waste Managment)	2,400	1,251	1,293	2,544	2,544	
Stormwater User Fees	1,140	-	1,140	1,140	1,140	
Animal Control	15,000	7,420	7,580	15,000	15,000	
Contingency	10,000	-	10,000	10,000	10,500	
Reserve Funding-CY	100,000	100,000	45,451	145,451	100,000	

TOTAL FIELD EXPENDITURES	$350,325	$209,381	$181,231	$390,612	$355,251	

Amenity Expenditures

Amenity Center Management (Vesta Property)	$78,571	$39,285	$39,285	$78,571	$80,925	
Facility Attendants (Vesta Property)	11,886	5,943	5,943	11,886	12,250	
General Facility Maintenance (Vesta Property)	18,195	9,098	9,098	18,195	18,740	
Utilities - Electric (JEA)	21,000	6,051	7,200	13,251	21,000	
Utilities - Water & Sewer (JEA)	6,600	2,128	4,472	6,600	6,600	
Telephone/Internet & Cable (Comcast)	4,800	2,544	2,604	5,148	5,208	
Repairs & Replacements	16,500	4,698	11,802	16,500	13,380	
Fitness Equipment Maintenance	1,360	-	1,360	1,360	1,360	
Fitness Center Supplies	1,000	-	1,000	1,000	1,000	
Pool Maintenance (Vesta Property)	14,588	7,294	7,294	14,588	15,022	
Pool Chemicals (PoolSure)	9,600	4,486	4,800	9,286	9,600	
Janitorial Service/Supplies (Vesta Property)	9,194	4,597	4,597	9,194	9,470	
Office Supplies / Mailings / Printings	1,250	138	1,112	1,250	1,250	
Operating Supplies	4,500	2,616	1,884	4,500	4,500	
Permit Fees	1,700	1,184	502	1,686	1,700	
Special Events	10,000	5,780	4,220	10,000	10,000	
Recreation Passes	500	-	500	500	500	
Holiday Lighting	5,000	4,000	-	4,000	5,000	

TOTAL AMENITY EXPENDITURES	$216,242	$99,842	$107,673	$207,515	$217,505	

TOTAL EXPENDITURES	$679,816	$370,955	$345,227	$716,182	$696,082	

Other Sources/(Uses)

Interlocal Transfer In/(Out)	$18,234	$28,980	$-	$28,980	$25,000	

TOTAL OTHER SOURCES/(USES)	$18,234	$28,980	$-	$28,980	$25,000	

EXCESS REVENUES (EXPENDITURES)	$-	$330,193	$(330,193)	$-	$-	

Wynnfield Lakes	
Community Development District	
Proposed Budget	
Capital Reserve Fund	

REVENUES:

Interest Income	$2,000	$3,329	$4,200	$7,529	$11,115	
Capital Reserve Funding - Transfer In	100,000	100,000	45,451	145,451	100,000	
Carry Forward Balance	109,646	82,724	-	82,724	122,072	

TOTAL REVENUES	$211,646	$186,053	$49,651	$235,704	$233,187	

EXPENDITURES:

Capital Outlay	$100,000	$-	$100,000	$100,000	$-	
Entry Sign	-	-	-	-	20,420	
Exerior Wall Lights	-	-	-	-	3,781	
Office Furniture & Equipment	-	-	-	-	4,538	
Parking Lot Paver Maintenance	-	-	-	-	4,538	
Pendent Lights at Open Deck Area	-	-	-	-	8,471	
Pickle Ball Court Resurfacing	-	-	-	-	6,655	
Security Camera System	-	2,500	-	2,500	10,891	
Pool Repair	-	3,849	-	3,849	-	
Gym Walls	-	6,683	-	6,683	-	
Other Current Charges	600	307	293	600	600	

TOTAL EXPENDITURES	$100,600	$13,339	$100,293	$113,632	$59,894	

EXCESS REVENUES (EXPENDITURES)	$111,046	$172,714	$(50,642)	$122,072	$173,293	

Capital Reserve Study

General

Decsription	FY 2025-
Reserve Study	
Reserves Beginning of Year	$378,930	
Contributions	$50,861	
Interest Income	$11,115	
Expenditures	($59,294)	
Anticipated Balance	$381,612	
Budget Fiscal Year 2025

Decsription	Budget FY2025	
Reserves Beginning of Year	$	122,072	
Contributions	100,000	
Interest Income	11,115	
Expenditures	(59,894)	
Anticipated Balance	$173,293	

Variance Reserve Study Vs Actual	($208,319)	

Wynnfield Lakes	
Community Development District	
Exhibit "A"	
Allocation of Operating Reserve	

OPERATING RESERVE

Beginning Fund Balance - Fiscal Year 2023	$	332,781

Net change in Fund Balance - Fiscal Year 2024	-

Total Funds Available (Estimated) - 9/30/24	332,781

ALLOCATION OF AVAILABLE FUNDS

Operating Reserve - First Quarter Operating Capital (1)	
Projected Additional Transfer to Capital Reserve	

174,021	
158,760	

Total Allocation of Available Funds	332,781

Total Unassigned (undesignated) Cash		0 

Notes	
(1) Represents approximately 3 months of operating expenditures	

REVENUES	

Special Assessments-Tax Roll	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.	
Interest	
The District earns interest on the monthly average collected balance for each of their investment accounts.	
Clubhouse Income	
Represents estimated income from the rental of the Community Room.	

Expenditures - Administrative	

Supervisors Fees	
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated
$200 per meeting in which they attend.  The budgeted amount for the fiscal year is based on all supervisors attending 6	
FICA Taxes	
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.	
Engineering	
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.	
Attorney	
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.	
Annual Audit	
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Assessment Roll Administration	
GMS, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
Arbitrage Rebate	
The District is required to annually have an arbitrage rebate calculation on the District's Series 2014 Special Assessment Refunding	
Dissemination Agent	
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.	
Trustee Fees	
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.	
Management Fees	
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-North Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Information Technology	
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – North Florida, LLC.	

Expenditures - Administrative (continued)	
Website Maintenance	
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-NF, LLC and updated monthly.	
Communication - Telephone	
New internet and Wi-Fi service for Office.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
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.	
Meeting Room	
Cost to rent seminar room for meetings.	
Insurance General Liability	
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Florida Department of Commerce for $175.	

Expenditures – Maintenance	

Property 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	Service	Location		
JEA	Irrigation	12319 Wynnfield Lakes Dr		
JEA	Irrigation	12510 Diamond Springs Dr		
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.	
Vendor		Monthly fee	Annually	
Vesta Property Services	$2,392	$28,700	
Security Service / Monitoring				
The District has contracted with Fidelity Security Operations, LLC to provide Onsite security Guard Duty. Guards 5 nights a week.	

Expenditures – 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 fee	Annually	
Kohen	Maintenance	$5,641	$67,692	
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	
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 fee	Annually	
The Lake Doctor	Maintenance	$810	$9,720	
The Lake Doctor	Grass Carp	$0	$945	
		Total	$10,665	
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	
Reserve Funding -CY				
Represents funds needed for Capital Projects.				

Expenditures – Amenity			
Amenity Center Management			
The District receives services provided by Vesta Property Services, Inc to manage the Amenity Center facilities.	
Vendor	Monthly fee	Annually	
Vesta Property Services	$6,744	$80,925	
Facility Attendant			
Cost of attendant responsible for the daily operations of the facility provided by Vesta Property Services.	
Vendor	Monthly fee	Annually	
Vesta Property Services	$1,021	$12,250	
General Facility Maintenance			
Cost of routine repairs and maintenance of the District’s Amenity Center and common areas.	
Vendor	Monthly fee	Annually	
Vesta Property Services	$1,562	$18,740	

Expenditures – Amenity (continued)				
Utility - 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.	
Vendor	Service	Location		
JEA	Electric	12319 Wynnfield Lakes Dr		
JEA	Electric	12397 Wynnfield Lakes apt		
Utility - Water & Sewer				
The District has various utility accounts with JEA for water/sewer at the Amenity Center.	
Vendor	Service	Location		
JEA	Water	12319 Wynnfield Lakes Dr		
JEA	Sewer	12319 Wynnfield Lakes Dr		
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.	
Vendor		Monthly fee	Annually	
Vesta Property Services	$1,252	$15,022	
Pool Chemicals				
PoolSure provides the chemicals for the Amenity Center Swimming Pool.	
Vendor		Monthly fee	Annually	
Vesta Property Services	$800	$9,600	
Janitorial Service/Supplies				
The District has contracted with Vesta Property Services, Inc. to provide janitorial services and supplies for the Amenity Center.	
Vendor		Monthly fee	Annually	
Vesta Property Services	$789	$9,470	
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.		
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 Lakes	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2014 Special Assessment Refunding Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed
Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments-On Roll	$517,894	$514,989	$8,045	$523,034	$517,898	
Interest Earnings	5,000	14,913	5,087	20,000	10,000	
Carry Forward Surplus (1)	133,388	131,788	-	131,788	127,642	

TOTAL REVENUES	$656,282	$661,690	$13,132	$674,822	$655,539	

EXPENDITURES:

Interest - 11/01	$109,100	$109,100	$-	$109,100	$103,663	
Interest - 05/01	109,100	-	109,100	109,100	103,663	
Principal - 05/01	300,000	-	300,000	300,000	310,000	

TOTAL EXPENDITURES	$518,200	$109,100	$409,100	$518,200	$517,325	

Other Sources/(Uses)

Interfund transfer In/(Out)	$(18,234)	$(28,980)	$-	$(28,980)	$(25,000)	

TOTAL OTHER SOURCES/(USES)	$(18,234)	$(28,980)	$-	$(28,980)	$(25,000)	

TOTAL EXPENDITURES	$536,434	$138,080	$409,100	$547,180	$542,325	

EXCESS REVENUES (EXPENDITURES)	$119,848	$523,610	$(395,968)	$127,642	$113,214	

Interest Due 11/1/25	$97,850	

(1) Carry Forward is Net of Reserve Requirement

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

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

05/01/24	$5,075,000	3.625%	$300,000	$109,100		
11/01/24	4,775,000		-	103,663	512,763	
05/01/25	4,775,000	3.750%	310,000	103,663		
11/01/25	4,465,000		-	97,850	511,513	
05/01/26	4,465,000	4.000%	325,000	97,850		
11/01/26	4,140,000		-	91,350	514,200	
05/01/27	4,140,000	4.250%	340,000	91,350		
11/01/27	3,800,000		-	84,125	515,475	
05/01/28	3,800,000	4.250%	350,000	84,125		
11/01/28	3,450,000		-	76,688	510,813	
05/01/29	3,450,000	4.250%	365,000	76,688		
11/01/29	3,085,000		-	68,931	510,619	
05/01/30	3,085,000	4.250%	385,000	68,931		
11/01/30	2,700,000		-	60,750	514,681	
05/01/31	2,700,000	4.500%	400,000	60,750		
11/01/31	2,300,000		-	51,750	512,500	
05/01/32	2,300,000	4.500%	420,000	51,750		
11/01/32	1,880,000		-	42,300	514,050	
05/01/33	1,880,000	4.500%	440,000	42,300		
11/01/33	1,440,000		-	32,400	514,700	
05/01/34	1,440,000	4.500%	460,000	32,400		
11/01/34	980,000		-	22,050	514,450	
05/01/35	980,000	4.500%	480,000	22,050		
11/01/35	500,000		-	11,250	513,300	
05/01/36	500,000	4.500%	500,000	11,250	511,250	

Total	$5,075,000	$1,595,313	$6,670,313	

Wynnfield Lakes	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2024-2025	

Neighborhood	O&M Units	Bonds Units
2014	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	

Single Family	
372	
370	
$1,400.72	
$1,400.72	
$0.00	
$1,518.48	
$1,518.48	
$0.00	
$2,919.20	
$2,919.20	
$0.00	
Multi Family	204	0	$938.50	$938.50	$0.00	$0.00	$0.00	$0.00	$938.50	$938.50	$0.00	
Total	576	370										

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