Amended BudgetFiscal Year 2016 Capital Region CommunityDevelopment DistrictNovember 10, 2016 GMS v1 Capital RegionCommunity Development DistrictTABLE OF CONTENTSGeneral FundBudgetPage 1 - 2Per Unit Assessment - SchedulePage 3NarrativePage 4 - 7Capital Reserve FundBudgetPage 8Debt Service FundSeries 2008Budget Page 9Amortization Schedule - 2008Page 10Series 2011A1/A2BudgetPage 11Amortization Schedule - 2011A1/A2Page 12 - 13Series 2013ABudgetPage 14Amortization Schedule - 2013APage 15 Capital RegionCommunity Development District General FundAdoptedActualProjectedTotalAmended BudgetThruNextProjectedBudgetDescriptionFY 20157/31/20152 Months9/30/2015FY 2016RevenuesSpecial Assessment - Tax Collector$1,158,049$1,170,504$0$1,170,504$1,175,703Special Assessment - Direct - St Joe$465,343$387,790$77,553$465,343$462,084Interest Income/Misc. Revenue$1,000$4,894$0$4,894$4,550Carry Forward Surplus$0$3,227$0$3,227$122,865TOTAL REVENUES$1,624,392$1,566,414$77,553$1,643,967$1,765,201ExpendituresAdministrativeSupervisor Fees$12,000$9,600$2,000$11,600$12,400FICA$918$734$153$887$949Engineering$30,000$21,865$8,135$30,000$56,295Arbitrage$3,750$3,600$0$3,600$2,400Dissemination$7,100$7,300$0$7,300$7,400Attorney - General$40,000$26,073$13,036$39,109$99,438Annual Audit$4,000$4,000$0$4,000$4,000Annual Report$500$0$500$500$0Trustee Fees$13,000$13,924$0$13,924$13,828Assessment Roll Services$11,500$11,500$0$11,500$11,500Management Fees$48,620$40,517$8,103$48,620$48,620Computer Time/Web Site$2,800$2,333$467$2,800$2,800Record Storage$150$0$150$150$0Travel & Per Diem$3,000$2,881$568$3,449$1,773Telephone$300$202$98$300$842Postage$1,500$927$573$1,500$3,056Printing & Binding$3,000$1,391$1,109$2,500$2,734Insurance$15,637$14,966$0$14,966$15,121Legal Advertising$4,250$1,481$3,162$4,643$2,677Other Current Charges$2,000$1,144$228.78$1,373$1,582Office Supplies$300$138$27.69$166$260Dues, Licenses & Subscriptions$3,175$175$3,000$3,175$175Capital Outlay$250$0$250$250$0TOTAL ADMINISTRATIVE EXPENDITURES$207,750$164,753$41,559$206,312$287,850 Capital RegionCommunity Development District General FundAdoptedActualProjectedTotalAmended BudgetThruNextProjectedBudgetDescriptionFY 20157/31/20152 Months9/30/2015FY 2016Field Management Fees$114,000$95,000$19,000$114,000$126,000Security$8,500$34,863$14,427$49,290$54,795Communications$0$0$0$0$16,580Landscape Maintenance - Contract$870,993$725,827$145,165$870,993$896,485Landscape Maintenance - New Units/Street Trees$32,247$17,497$0$17,497$7,550Landscape Maintenance - Park Contract$0$0$0$0$0Preventive Tree Pruning$0$0$0$0$0Pond Maintenance - Contract$23,892$19,910$3,982$23,892$23,892Pond Maintenance - New Units$1,000$0$1,000$1,000$0Pond Repairs - Current Units$35,000$8,313$21,688$30,000$46,299Pond Repairs - New Units$1,000$0$1,000$1,000$0SWMF Operating Permit Fees$5,508$7,803$0$7,803$1,836Irrigation Maintenance - Contract$94,446$78,705$15,741$94,446$96,327Irrigation Maintenance - New Units$4,056$314$1,000$1,314$376Irrigation Repairs - Current Units$44,500$34,479$10,021$44,500$31,249Irrigation System Upgrades$2,500$1,019$1,481$2,500$0Preserve Maintenance$40,000$29,664$10,336$40,000$34,644Tot Lot Inspection/Maintenance$5,000$3,148$1,852$5,000$2,913Storm Cleanup/Repair/Cleaning$19,000$13,140$5,860$19,000$45,511Reuse Retrofit$0$0$0$0$0Alleyway Maintenance$5,000$10,774$0$10,774$13,268Miscellaneous Maintenance$5,000$3,738$1,263$5,000$4,202Utilities$55,000$34,519$5,481$40,000$40,173Other - Contingency$10,000$3,055$16,591$19,646$5,251Capital Expenditures$20,000$20,000$0$20,000$15,000Reserve for Capital - R&R$20,000$20,000$0$20,000$15,000TOTAL FIELD EXPENDITURES$1,416,642$1,161,767$275,888$1,437,655$1,477,351TOTAL EXPENDITURES$1,624,392$1,326,520$317,447$1,643,967$1,765,201ASSIGNED FUND BALANCE$0$239,894($239,894)$0$0 FY 2009FY 2010FY2011FY 2012FY 2013FY 2014FY 2015FY 2016Net Assessment$977,523$1,030,978$1,030,978$1,030,978$1,136,785$1,144,523$1,158,049$1,175,703Plus Collection Fees (7%)$62,395$65,807$65,807$65,807$85,564$86,147$87,165$88,494Gross Assessments$1,039,918$1,096,785$1,096,785$1,096,785$1,222,350$1,230,670$1,245,214$1,264,197No. of Units2,1432,4152,4152,4152,6302,6562,7032,760GrossGrossGrossGrossGrossGrossGrossGrossLot Size# of UnitsPer UnitPer UnitPer UnitPer UnitPer UnitPer UnitPer UnitPer UnitAmount Amount Amount Amount Amount Amount Amount Amount FY 09FY 10FY 11FY 12FY 13FY 14FY 15FY 16Apartments977$209.06$209.06$209.06$209.06$226.23$226.23$226.23$226.23ACLF0$100.35$100.35$100.35$100.35$108.59$108.59$108.59$108.59Towns252$201.18$201.18$201.18$201.18$217.70$217.70$217.70$217.7030s53$220.34$220.34$220.34$220.34$238.44$238.44$238.44$238.4440s237$234.71$234.71$234.71$234.71$253.99$253.99$253.99$253.9955s243$285.00$285.00$285.00$285.00$308.41$308.41$308.41$308.4165s261$352.07$352.07$352.07$352.07$380.99$380.99$380.99$380.9975s140$402.35$402.35$402.35$402.35$435.40$435.40$435.40$435.4085s91$437.90$437.90$437.90$437.90$473.86$473.86$473.86$473.8690s0$470.43$470.43$470.43$470.43$509.07$509.07$509.07$509.07100s165$502.96$502.96$502.96$502.96$544.27$544.27$544.27$544.271/2 Ac138$603.55$603.55$603.55$603.55$653.12$653.12$653.12$653.121Ac40$787.97$787.97$787.97$787.97$852.69$852.69$852.69$852.69Blended Commercial161$2,347.70$2,347.70$2,347.70$2,347.70$2,540.52$2,540.52$2,540.52$2,540.52Golf Club1$12,892.22$12,892.22$12,892.22$12,892.22$13,951.06$13,951.06$13,951.06$13,951.06Catholic School1$12,367.03$12,367.03$12,367.03$12,367.03$0.00$0.00$0.00$0.00Total2760Prior to FY 2013 Collection Fees were 6% The number of units listed above only have an effect on the FY 2016 per unit amounts as every year these numbers have increased based on more platted lots. A total of 57 new units were added this Fiscal Year REVENUES: Maintenance Assessments The District will levy a non ad-valorem special assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year. Interest Income The District will have all excess funds invested with the State Board of Administration. The amount is based upon the estimated average balance of funds available during the fiscal year. EXPENDITURES: Administrative: Supervisor Fees The Florida Statutes allows each board member to receive $200 per meeting no to exceed $4,800 in one year. The amount for the fiscal year is based upon all five supervisors attending the estimated 12 annual meetings. FICA Expense Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks. Engineering Fees The District's engineer (Atkins) will be providing limited engineering services to the District including attendance as needed and preparation for board meetings, etc. Additionally The District utilizes Dantin Engineering on an assigned project basis. Arbitrage The District is required to annually have an arbitrage rebate calculation on the District's Series 2008A Capital Improvement Revenue Bonds, Series 2011A-1 and 2011A-2 Capital Improvement Revenue Refunding Bonds, and the Series 2013A Capital Improvement Revenue Bonds. Currently the District has contracted with Grau & Associates, an independent certified public accounting firm, to calculate the rebate liability and submit a report to the District. 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. The District has contracted with MBS Capital Markets, LL, to provide this service. Attorney The District's legal counsel will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, etc. Annual Audit The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Page 4 Trustee Fees The District issued Series 2008A Capital Improvement Revenue Bonds, Series 2011A1-A2 Capital Improvement Revenue Refunding Bonds and Series 2013A Capital Improvement Revenue 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. Management Fees The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services. These services are further outlined in Exhibit "A" of the Management Agreement. Assessment Roll Governmental Management Services serves as the District's collection agent and certifies the District's non-ad valorem assessments with the county tax collector. 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. Telephone Telephone for agenda calls or monthly meetings. Postage Mailing of agenda packages, overnight deliveries, correspondence, etc. Travel & Per Diem Travel expenses to attend meetings, conferences, etc. Printing & Binding Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc. Records Storage The District’s Records will be stored off site at Iron Mountain. 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 Bank charges and any other miscellaneous expenses that are incurred during the year. Office Supplies Miscellaneous office supplies. Page 5 Dues, Licenses & Subscriptions The District is required to pay an annual fee to the Department of Economic Opportunity for $175. Membership with the Florida Association of Special Districts is provided to Supervisors and Staff. Capital Outlay Represents any minor capital expenditures the District may need to make during the Fiscal Year such as a file cabinet for District files. Maintenance: Field Management Fees The District has contracted with GMS, LLC for the supervision and on-site management of Capital Region Community Development District. Their responsibilities include reviewing contracts and other maintenance related items. Security The District may contract for Palmetto Security Services for FY 2016. Communications The District may contact for information distribution services. Landscape/Parks/Irrigation Maintenance The District has contracted with All Pro Land Care of Tallahassee, Inc. to provide landscaping and irrigation maintenance services to all the common areas within the District. Pond Maintenance The District has a contract with The Lake Doctors who provide monthly water management services to (14) fourteen retention ponds throughout the District. SWMF Operating Permit Fees The District pays the City of Tallahassee, Growth Management Department for inspection of and the administration needed to issue operating permits for District owned and maintained Storm Water facilities. Preserve Maintenance The District has contracted with All Pro Land Care of Tallahassee, Inc. to maintain the various preserved areas within the District (listed as Park Maintenance), but also contacts out work in other preserve areas to various contractors. Tot-Lot Inspection Maintenance The District owns a recreational area that requires monthly inspection and repairs/replacements as well as mulch twice a year. Storm Cleanup/Repair/Cleaning Funding to cleanup and repair storm damage. Alleyway Maintenance The District conducts repairs and maintenance of the owned alleyways. Page 6 Miscellaneous Maintenance Unscheduled repairs and maintenance to the Districts facilities not allocated to a particular area Other – Contingencies Unscheduled repairs and maintenance to the District’s Facilities throughout the community. Utilities The cost of electricity and Irrigation Water for Capital Region CDD for the following accounts: Account # Services Address 1680485610 3766 Greyfield Dr - Pump 1 $600 1780485610 2150 Merchants Row Blvd - Pump $300 1894063223 2380 E Orange Ave Irr $6000 2429471295 3564 S Blair Stone Rd Reclaim $400 2780485610 2588 Merchants Row Blvd - Pump $200 3077919780 3136 Dickinson Dr. $200 3183002658 3001 School House Rd Reclaimed $2,000 3541485610 2301 E Orange Ave irr $300 3543485610 3701 Mossy Creek Ln - Unit 1 $3,000 3680485610 3765 Grove Park Dr $200 4263972522 Dickinson Dr. Area Lights $500 4360485610 1900 Merchants Row Entrance $500 4680485610 3992 Four Oaks Blvd $200 5399698926 3252 Uplike Ave IRR $200 6243485610 3700 Mossy Creek Ln- Pump $200 6948377092 3601 Capital Circle SE - Sign $200 7042865610 4850 Grove Park Dr - IRR $200 7580485610 3705 Four Oaks Blvd $1,500 7670485610 3766 Greyfield Dr $500 8001821240 2450 Rain Lily Way Unit 29 Area Lights $15,500 8270485610 3603 Capital Cir SE Irr. $4,500 8965428817 3559 Four Oaks Blvd $300 9143451140 1960 Quail Grove Lane IRR $300 9356890232 4583 Grove Park Dr. Temp. $300 9413485610 3000 School House Road $300 9650988960 3751 Biltmore Ave IRR $300 9674588544 3735 Esplanade Way - IRR $1,000 9699066720 3145 Mulberry Park Blvd. Area Light $1,500 9778998416 2471 E. Orange Ave. Irr. $300 Total $45,000 Capital Expenditures Represents any new capital expenditures the District may need to make during the Fiscal Year. Reserves for Capital Repairs and Replacements This Reserve funding is for the Capital Repairs and Replacements for the Districts assets which are utilized by the residing landowners. Page 7 Capital RegionCommunity Development District Capital ReserveAdoptedActualProjectedTotalAmended BudgetThruNextProjectedBudgetDescriptionFY 20157/31/20152 Months9/30/2015FY 2016RevenuesCapital Reserve Funding$20,000$40,000$0$40,000$30,000Carry Forward Surplus$5,556$5,529$0$5,529$42,442TOTAL REVENUES$25,556$45,529$0$45,529$72,442ExpendituresReserve for Capital - R&R$0$2,600$0$2,600$3,250Other Charges$500$324$162$487$311TOTAL EXPENDITURES$500$2,924$162$3,087$3,561ASSIGNED FUND BALANCE$25,056$42,605($162)$42,442$68,881 Capital RegionCommunity Development DistrictDebt Service FundSeries 2008AdoptedActualProjectedTotalAmended BudgetThruNextProjectedBudgetDescriptionFY 20157/31/20152 Months9/30/2015FY 2016Revenues (1) Special Assessment $1,589,897$991,117$586,257$1,577,374$1,599,303Interest Income$250$87$43$130$250Carry Forward Surplus$684,394 $715,822$0$715,822$669,951TOTAL REVENUES$2,274,541$1,707,026$586,300$2,293,326$2,269,504ExpendituresInterest - 11/1$657,125$657,125$0$657,125$646,275Special Call - 11/1$0$25,000$0$25,000$0Interest - 5/1$657,125$656,250$0$656,250$646,275PrincipaL - 5/1$285,000$285,000$0$285,000$305,000TOTAL EXPENDITURES$1,599,250$1,623,375$0$1,623,375$1,597,550EXCESS REVENUES / (EXPENDITURES)$675,291$83,651$586,300$669,951$671,954 (1) Represents 34 out of 272 Apartments Units located in Unit 35 and 216 Apartments Units located in Unit 3611/16 Interest(2) Represents Direct Assessments on Undeveloped PropertySeries 2008$635,600Lot Size# of UnitsPer UnitAmountApartments600$401ACLF130$192Duplex198$398*Towns212$36640s232$426*55s411$517*65s200$639*75s59$73085s22$791*100s25$913*1/2 Ac2$1,096Blended Commercial5.520$4,246Total2097* Certain Units have a lower debt per unit amount Capital RegionCommunity Development DistrictDebt AmortizationSeries 2008 Capital Improvement Revenue BondsDatePrincipalInterestPrincipal Balance Calendar Year05/01/15$285,000.00$656,250.00$18,465,000.0011/01/15$646,275.00$18,465,000.00$1,587,525.0005/01/16$305,000.00$646,275.00$18,160,000.0011/01/16$635,600.00$18,160,000.00$1,586,875.0005/01/17$330,000.00$635,600.00$17,830,000.0011/01/17$624,050.00$17,830,000.00$1,589,650.0005/01/18$355,000.00$624,050.00$17,475,000.0011/01/18$611,625.00$17,475,000.00$1,590,675.0005/01/19$380,000.00$611,625.00$17,095,000.0011/01/19$598,325.00$17,095,000.00$1,589,950.0005/01/20$405,000.00$598,325.00$16,690,000.0011/01/20$584,150.00$16,690,000.00$1,587,475.0005/01/21$435,000.00$584,150.00$16,255,000.0011/01/21$568,925.00$16,255,000.00$1,588,075.0005/01/22$465,000.00$568,925.00$15,790,000.0011/01/22$552,650.00$15,790,000.00$1,586,575.0005/01/23$500,000.00$552,650.00$15,290,000.0011/01/23$535,150.00$15,290,000.00$1,587,800.0005/01/24$535,000.00$535,150.00$14,755,000.0011/01/24$516,425.00$14,755,000.00$1,586,575.0005/01/25$575,000.00$516,425.00$14,180,000.0011/01/25$496,300.00$14,180,000.00$1,587,725.0005/01/26$620,000.00$496,300.00$13,560,000.0011/01/26$474,600.00$13,560,000.00$1,590,900.0005/01/27$665,000.00$474,600.00$12,895,000.0011/01/27$451,325.00$12,895,000.00$1,590,925.0005/01/28$710,000.00$451,325.00$12,185,000.0011/01/28$426,475.00$12,185,000.00$1,587,800.0005/01/29$760,000.00$426,475.00$11,425,000.0011/01/29$399,875.00$11,425,000.00$1,586,350.0005/01/30$815,000.00$399,875.00$10,610,000.0011/01/30$371,350.00$10,610,000.00$1,586,225.0005/01/31$875,000.00$371,350.00$9,735,000.0011/01/31$340,725.00$9,735,000.00$1,587,075.0005/01/32$940,000.00$340,725.00$8,795,000.0011/01/32$307,825.00$8,795,000.00$1,588,550.0005/01/33$1,010,000.00$307,825.00$7,785,000.0011/01/33$272,475.00$7,785,000.00$1,590,300.0005/01/34$1,080,000.00$272,475.00$6,705,000.0011/01/34$234,675.00$6,705,000.00$1,587,150.0005/01/35$1,160,000.00$234,675.00$5,545,000.0011/01/35$194,075.00$5,545,000.00$1,588,750.0005/01/36$1,245,000.00$194,075.00$4,300,000.0011/01/36$150,500.00$4,300,000.00$1,589,575.0005/01/37$1,335,000.00$150,500.00$2,965,000.0011/01/37$103,775.00$2,965,000.00$1,589,275.0005/01/38$1,430,000.00$103,775.00$1,535,000.0011/01/38$53,725.00$1,535,000.00$1,587,500.0005/01/39$1,535,000.00$53,725.00$0.00$1,588,725.00totals$18,750,000.00$20,958,000.00$39,708,000.00 Capital RegionCommunity Development DistrictDebt Service FundSeries 2011A1/A2AdoptedActualProjectedTotalAmended BudgetThruNextProjectedBudgetDescriptionFY 20157/31/20152 Months9/30/2015FY 2016Revenues Special Assessment - Tax Collector$674,886$675,745$0$675,745$674,886Interest Earned$100$33$17$50$100Carry Forward Surplus$216,683$217,093$0$217,093$203,566TOTAL REVENUES$891,670$892,872$17$892,889$878,552ExpensesSeries 2011A1Interest - 11/1 - 2011A1$103,104$102,967$0$102,967$100,312Special Call- 11/1 - 2011A1$0$5,000$0$5,000$0Interest - 5/1 - 2011A1$103,104$102,829$0$102,829$100,312PrincipaL - 5/1 - 2011A1$170,000$170,000$0$170,000$180,000Special Call- 5/1 - 2011A1$0$5,000$0$5,000$0Series 2011A2Interest - 11/1 - 2011A2$96,845$96,845$0$96,845$93,420Special Call - 11/1 - 2011A2$0$5,000$0$5,000$0Interest - 5/1 - 2011A2$99,790$96,683$0$96,683$93,420Principal - 5/1 - 2011A2$95,000$100,000$0$100,000$110,000Special Call - 5/1 - 2011A2$0$5,000$0$5,000$0TOTAL EXPENDITURES$667,843$689,323$0$689,323$677,463EXCESS REVENUES / (EXPENDITURES)$223,827$203,549$17$203,566$201,089 Series 2011A1$97,531Series 2011A2$90,01011/16 Interest$187,541Per UnitSeries 2011A1/A2Lot Size# of UnitsAmountFY 2016*Towns60$256Net Assessment$674,886*Towns110$308Plus Collection Fees (7%)$50,79830s53$336Gross Assessments$725,68440s28$360*55s28$363*55s82$437*65s42$448*65s69$539*75s34$512*75s43$617*100s32$640*100s89$770*1/2 Ac22$768*1/2 Ac44$925*1Ac25$1,002*1Ac11$1,207Blended Commercial3.84$2,379Blended Commercial43.372$3,978Golf Club1$23,065Apartments241$377Catholic School1$22,116Total1062* Certain Units have a lower debt per unit amount Capital RegionCommunity Development DistrictDebt AmortizationSeries 2011A-1 Capital Improvement Revenue BondsA1 Term Bonds Due 5/1/2031DatePrincipalInterestPrincipal Balance Calendar Year11/01/15$0.00$100,311.50$4,045,000.00$100,311.5005/01/16$180,000.00$100,311.50$3,865,000.0011/01/16$0.00$97,530.50$3,865,000.00$377,842.0005/01/17$185,000.00$97,530.50$3,680,000.0011/01/17$0.00$94,348.50$3,680,000.00$376,879.0005/01/18$190,000.00$94,348.50$3,490,000.0011/01/18$0.00$90,710.00$3,490,000.00$375,058.5005/01/19$200,000.00$90,710.00$3,290,000.0011/01/19$0.00$86,550.00$3,290,000.00$377,260.0005/01/20$205,000.00$86,550.00$3,085,000.0011/01/20$0.00$82,029.75$3,085,000.00$373,579.7505/01/21$215,000.00$82,029.75$2,870,000.0011/01/21$0.00$77,106.25$2,870,000.00$374,136.0005/01/22$225,000.00$77,106.25$2,645,000.0011/01/22$0.00$71,875.00$2,645,000.00$373,981.2505/01/23$230,000.00$71,875.00$2,415,000.0011/01/23$0.00$66,412.50$2,415,000.00$368,287.5005/01/24$240,000.00$66,412.50$2,175,000.0011/01/24$0.00$59,812.50$2,175,000.00$366,225.0005/01/25$260,000.00$59,812.50$1,915,000.0011/01/25$0.00$52,662.50$1,915,000.00$372,475.0005/01/26$275,000.00$52,662.50$1,640,000.0011/01/26$0.00$45,100.00$1,640,000.00$372,762.5005/01/27$295,000.00$45,100.00$1,345,000.0011/01/27$0.00$36,987.50$1,345,000.00$377,087.5005/01/28$310,000.00$36,987.50$1,035,000.0011/01/28$0.00$28,462.50$1,035,000.00$375,450.0005/01/29$325,000.00$28,462.50$710,000.0011/01/29$0.00$19,525.00$710,000.00$372,987.5005/01/30$345,000.00$19,525.00$365,000.0011/01/30$0.00$10,037.50$365,000.00$374,562.5005/01/31$365,000.00$10,037.50$0.00$375,037.50totals$4,045,000.00$2,038,923.00$6,083,923.00 Capital RegionCommunity Development DistrictDebt AmortizationSeries 2011A-2 Capital Improvement Revenue BondsA2 Term Bonds Due 5/1/2031DatePrincipalInterestPrincipal Balance Calendar Year11/01/15$0$93,420.00$2,910,000.00$93,420.0005/01/16$110,000$93,420.00$2,800,000.0011/01/16$0$90,010.00$2,800,000.00$293,430.0005/01/17$115,000$90,010.00$2,685,000.0011/01/17$0$86,445.00$2,685,000.00$291,455.0005/01/18$125,000$86,445.00$2,560,000.0011/01/18$0$82,570.00$2,560,000.00$294,015.0005/01/19$130,000$82,570.00$2,430,000.0011/01/19$0$78,540.00$2,430,000.00$291,110.0005/01/20$140,000$78,540.00$2,290,000.0011/01/20$0$74,200.00$2,290,000.00$292,740.0005/01/21$150,000$74,200.00$2,140,000.0011/01/21$0$69,550.00$2,140,000.00$293,750.0005/01/22$155,000$69,550.00$1,985,000.0011/01/22$0$64,512.50$1,985,000.00$289,062.5005/01/23$165,000$64,512.50$1,820,000.0011/01/23$0$59,150.00$1,820,000.00$288,662.5005/01/24$180,000$59,150.00$1,640,000.0011/01/24$0$53,300.00$1,640,000.00$292,450.0005/01/25$190,000$53,300.00$1,450,000.0011/01/25$0$47,125.00$1,450,000.00$290,425.0005/01/26$205,000$47,125.00$1,245,000.0011/01/26$0$40,462.50$1,245,000.00$292,587.5005/01/27$220,000$40,462.50$1,025,000.0011/01/27$0$33,312.50$1,025,000.00$293,775.0005/01/28$230,000$33,312.50$795,000.0011/01/28$0$25,837.50$795,000.00$289,150.0005/01/29$250,000$25,837.50$545,000.0011/01/29$0$17,712.50$545,000.00$293,550.0005/01/30$265,000$17,712.50$280,000.0011/01/30$0$9,100.00$280,000.00$291,812.5005/01/31$280,000$9,100.00$0.00$289,100.00totals$2,910,000$1,850,495.00$4,760,495.00 Capital RegionCommunity Development DistrictDebt Service FundSeries 2013AProposedActualProjectedTotalAmended BudgetThruNextProjectedBudgetDescriptionFY 20157/31/20152 Months9/30/2015FY 2016Revenues Special Assessment - Tax Collector$862,150$870,327$668$870,996$862,173Interest Income$0$46$0$46$0Carry Forward Surplus$338,348 $310,511$0$310,511$318,748TOTAL REVENUES$1,200,498$1,180,885$668$1,181,553$1,180,921ExpendituresInterest - 11/1$246,403$246,403$0$246,403$242,240Interest - 5/1$246,403$246,403$0$246,403$242,240Principal - 5/1$370,000$370,000$0$370,000$380,000TOTAL EXPENDITURES$862,805$862,805$0$862,805$864,480EXCESS REVENUES / (EXPENDITURES)$337,693$318,080$668$318,748$316,441 11/16 InterestSeries 2013A$237,015Per UnitFY 2016Lot Size# of UnitsAmountNet Assessments$862,173Apartments486$359Plus Collection Fees (7%)$64,895*Towns82$327Gross Assessments$927,06740s153$382*55s107$464*65s127$573*75s56$65585s77$710*100s40$818*1/2 Ac73$982*1Ac3$1,282Epoch Apls (Acres)1415$3,806Blended Commercial112.619$6,321Total2732* Certain Units have a lower debt per unit amount Capital RegionCommunity Development DistrictDebt AmortizationSeries 2013 Capital Improvement Refunding BondsDatePrincipalInterestPrincipal Balance Calendar Year05/01/14$0.00$165,637.24$9,855,000.0011/01/14$246,402.50$9,855,000.00$412,039.7405/01/15$370,000.00$246,402.50$9,485,000.0011/01/15$242,240.00$9,485,000.00$858,642.5005/01/16$380,000.00$242,240.00$9,105,000.0011/01/16$237,015.00$9,105,000.00$859,255.0005/01/17$390,000.00$237,015.00$8,715,000.0011/01/17$230,970.00$8,715,000.00$857,985.0005/01/18$405,000.00$230,970.00$8,310,000.0011/01/18$223,680.00$8,310,000.00$859,650.0005/01/19$420,000.00$223,680.00$7,890,000.0011/01/19$215,490.00$7,890,000.00$859,170.0005/01/20$440,000.00$215,490.00$7,450,000.0011/01/20$206,250.00$7,450,000.00$861,740.0005/01/21$460,000.00$206,250.00$6,990,000.0011/01/21$195,900.00$6,990,000.00$862,150.0005/01/22$480,000.00$195,900.00$6,510,000.0011/01/22$184,620.00$6,510,000.00$860,520.0005/01/23$500,000.00$184,620.00$6,010,000.0011/01/23$172,495.00$6,010,000.00$857,115.0005/01/24$530,000.00$172,495.00$5,480,000.0011/01/24$159,112.50$5,480,000.00$861,607.5005/01/25$555,000.00$159,112.50$4,925,000.0011/01/25$144,543.75$4,925,000.00$858,656.2505/01/26$585,000.00$144,543.75$4,340,000.0011/01/26$127,725.00$4,340,000.00$857,268.7505/01/27$620,000.00$127,725.00$3,720,000.0011/01/27$109,900.00$3,720,000.00$857,625.0005/01/28$660,000.00$109,900.00$3,060,000.0011/01/28$90,925.00$3,060,000.00$860,825.0005/01/29$700,000.00$90,925.00$2,360,000.0011/01/29$70,800.00$2,360,000.00$861,725.0005/01/30$740,000.00$70,800.00$1,620,000.0011/01/30$48,600.00$1,620,000.00$859,400.0005/01/31$785,000.00$48,600.00$835,000.0011/01/31$25,050.00$835,000.00$858,650.0005/01/32$835,000.00$25,050.00$0.00$860,050.00totals$9,855,000.00$6,029,074.74$15,884,074.74