Adopted Budget Fiscal Year 2018 Capital Region Community Development District September 7, 2017 GMS v1 Capital Region Community Development District TABLE OF CONTENTS General Fund Budget Page 1 - 2 Per Unit Assessment - Schedule Page 3 Narrative Page 4 - 8 Capital Reserve Fund Budget Page 9 Debt Service Fund Series 2008 Budget Page 10 Amortization Schedule - 2008 Page 11 Series 2011A1/A2 Budget Page 12 Amortization Schedule - 2011A1/A2 Page 13 - 14 Series 2013A Budget Page 15 Amortization Schedule - 2013A Page 16 Capital Region Community Development District General Fund Adopted Actual Projected Total Adopted Budget Thru Next Projected Budget Description FY 2017 7/31/2017 2 Months 9/30/2017 FY 2018 Revenues Special Assessment - On Roll $1,117,424 $1,124,288 $0 $1,124,288 $1,133,370 Special Assessment - Direct - St Joe $448,880 $315,049 $133,832 $448,880 $432,943 Special Assessment - On Roll - Rec. Facility $181,373 $181,373 $0 $181,373 $0 Special Assessment - Direct - St Joe - Rec. Facility $111,227 $105,016 $6,210 $111,227 $0 Interest Income/Misc. Revenue $1,464 $7,803 $1,000 $8,803 $1,456 Carry Forward Surplus $50,000 $0 $0 $0 $51,959 TOTAL REVENUES $1,910,368 $1,733,529 $141,042 $1,874,571 $1,619,727 Expenditures Administrative Supervisor Fees $12,000 $7,200 $3,000 $10,200 $12,000 FICA $918 $551 $230 $780 $918 Engineering $30,000 $17,486 $12,514 $30,000 $30,000 Arbitrage $3,750 $0 $3,600 $3,600 $3,750 Dissemination $7,300 $5,833 $1,167 $7,000 $7,300 Attorney $40,000 $38,219 $5,000 $43,219 $40,000 Annual Audit $4,000 $4,000 $0 $4,000 $4,000 Annual Report $500 $0 $0 $0 $500 Trustee Fees $14,000 $13,725 $0 $13,725 $14,000 Assessment Roll Services $11,500 $11,500 $0 $11,500 $11,500 Management Fees $48,620 $40,517 $8,103 $48,620 $48,620 Information Technology $2,800 $2,333 $467 $2,800 $2,800 Record Storage $150 $0 $0 $0 $150 Travel & Per Diem $3,500 $1,555 $462 $2,017 $3,500 Telephone $300 $398 $134 $532 $300 Postage $1,500 $726 $1,970 $2,696 $1,500 Printing & Binding $2,500 $2,298 $749 $3,047 $2,500 Insurance $16,627 $15,304 $0 $15,304 $16,627 Legal Advertising $4,000 $1,305 $1,194 $2,499 $4,000 Other Current Charges $1,600 $1,227 $224 $1,451 $1,600 Office Supplies $200 $287 $25 $312 $200 Dues, Licenses & Subscriptions $3,175 $175 $0 $175 $3,175 Capital Outlay $250 $0 $250 $250 $250 TOTAL ADMINISTRATIVE EXPENDITURES $209,189 $164,639 $39,087 $203,726 $209,189 Field Management Fees $126,000 $105,000 $21,000 $126,000 $126,000 Security $60,000 $51,590 $8,410 $60,000 $60,000 Communications $12,000 $9,000 $3,000 $12,000 $12,000 Landscape Maintenance - Contract $898,742 $749,004 $149,790 $898,794 $868,644 Landscape Maintenance - New Units/Street Trees $7,500 $724 $1,276 $2,000 $22,100 Pond Maintenance - Contract $5,000 $5,761 $294 $6,056 $5,000 Pond Repairs - Current Units $15,000 $16,573 $0 $16,573 $20,000 SWMF Operating Permit Fees $5,508 $4,404 $1,104 $5,508 $6,885 Irrigation Maintenance - Contract $96,829 $80,691 $16,138 $96,829 $73,909 Irrigation Maintenance - New Units $500 $161 $339 $500 $4,500 Irrigation Repairs - Current Units $40,000 $40,748 $0 $40,748 $40,000 Irrigation System Upgrades $0 $0 $0 $0 $10,000 Preserve Maintenance $40,000 $16,576 $15,000 $31,576 $40,000 Tot Lot Inspection/Maintenance $2,500 $575 $2,000 $2,575 $2,500 Tree Removal/Trimming/Cleanup $15,000 $12,025 $2,975 $15,000 $20,000 Alleyway Maintenance $5,000 $9,408 $0 $9,408 $5,000 Miscellaneous Maintenance $4,000 $3,039 $961 $4,000 $4,000 Utilities $40,000 $42,668 $6,777 $49,444 $50,000 Special Events $0 $0 $0 $0 $5,000 Other - Contingency $5,000 $600 $2,000 $2,600 $5,000 Capital Expenditures $15,000 $15,000 $0 $15,000 $15,000 Reserve for Capital - R&R $15,000 $15,000 $0 $15,000 $15,000 TOTAL FIELD EXPENDITURES $1,408,579 $1,178,547 $231,065 $1,409,611 $1,410,538 Capital Region Community Development District General Fund Adopted Actual Projected Total Adopted Budget Thru Next Projected Budget Description FY 2017 7/31/2017 2 Months 9/30/2017 FY 2018 Recreation Facility Construction Project/Planning and Management: Construction Planning - Legal $45,000 $24,550 $0 $24,550 $0 Construction Planning - Engineering Consultant $49,000 $18,663 $0 $18,663 $0 Construction Planning - District Engineer $100,000 $4,229 $0 $4,229 $0 Construction Management $38,500 $9,978 $0 $9,978 $0 $0 Recreational Facilities Start Up: Amenity Facility Start Up Costs $60,100 $0 $0 $0 $0 Park/Active Recreation $0 $0 $0 $0 $0 TOTAL RECREATION FACILITY EXPENDITURES $292,600 $57,420 $0 $57,420 $0 TOTAL EXPENDITURES $1,910,368 $1,400,606 $270,152 $1,670,758 $1,619,727 EXCESS REVENUES OVER EXPENDITURES ($0) $332,924 ($129,110) $203,814 $0 Capital Region Community Development District Assessment Allocation FY 2017 FY 2018 Net Assessment $1,117,424 $1,133,370 Plus Collection Fees (7%) $84,107 $85,307 Gross Assessments $1,201,531 $1,218,678 No. of Units 2,760 2,859 Gross Gross Lot Size # of Units Per Unit Per Unit Amount Amount FY 17 FY 18 Apartments 977 $215.02 $215.02 ACLF 86 $0.00 $108.59 Duplex 0 $0.00 $217.70 Towns 252 $206.91 $206.91 30s 53 $226.62 $226.62 40s 205 $241.40 $241.40 55s 269 $293.12 $293.12 65s 275 $362.10 $362.10 75s 144 $413.82 $413.82 85s 91 $450.37 $450.37 90s 0 $509.07 $509.07 100s 164 $517.29 $517.29 1/2 Ac 140 $620.75 $620.75 1Ac 40 $810.42 $810.42 Blended Commercial 161 $2,414.59 $2,414.59 Golf Club 1 $13,259.51 $13,259.51 Catholic School 1 $0.00 $0.00 Total 2859 Assessment Allocation - Recreation FY 2017 FY 2018 Net Assessment/Combined w/Direct $292,600 $0 Plus Collection Fees (7%) $22,024 $0 Gross Assessments $314,624 $0 No. of Units 4,262 0 Gross Gross Lot Size # of Units Per Unit Per Unit Amount Amount FY 17 FY 18 Apartments 1327 $17.61 $0.00 ACLF 130 $59.00 $0.00 Duplex 198 $59.00 $0.00 Towns 464 $59.00 $0.00 30s 53 $98.34 $0.00 40s 391 $98.34 $0.00 55s 616 $98.34 $0.00 65s 433 $118.01 $0.00 75s 191 $118.01 $0.00 85s 93 $118.01 $0.00 90s 0 $0.00 $0.00 100s 185 $137.67 $0.00 1/2 Ac 141 $167.18 $0.00 1Ac 40 $167.18 $0.00 Blended Commercial 0 $0.00 $0.00 Golf Club 0 $0.00 $0.00 Catholic School 0 $0.00 $0.00 Total 4262 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, review and execute of documents under the District’s trust indenture and monitoring of District projects. Additionally The District utilizes Dantin Engineering on an assigned project basis and for engineering consulting services. 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 2013 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 GMS, LLC 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. Annual Audit The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Trustee Fees The District issued Series 2008A Capital Improvement Revenue Bonds, Series 2011A1-A2 Capital Improvement Revenue Refunding Bonds and Series 2013 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. Page 4 Assessment Roll Governmental Management Services serves as the District’s collection agent and certifies the District’s non-ad valorem assessment with the county tax collector. Management Fees The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services. Information Technology The District processes all of its financial activities, i.e., accounts payable, financial statements, etc. on a mainframe computer leased by Governmental Management Services. Records Storage The District’s Records will be stored off site at Iron Mountain. Travel & Per Diem Travel expenses to attend meetings, conferences, etc. Telephone Telephone for agenda calls or monthly meetings. 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. 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. 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. Page 5 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 management of field services contracts such as landscape maintenance, ponds maintenance, and security patrols, oversight of capital assets and coordination of maintenance, repairs and replacement of capital assets. Security The District has contracted with Barkley Security Agency for security Services, to include patrol of District owned properties. The District also contracts for additional patrol services with law enforcement agencies on an as- needed basis. Communications The District has contracted Bulldog Strategy Group for professional public relations and communications services, to include maintenance of existing District communications tools and systems, monitoring of District issues and policies, and advisement of Board and staff regarding communications. Landscape/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. Services include mowing, trimming, fertilization, maintenance of irrigations systems, and trimming of District owned trees. Contract Amounts Monthly Annual Landscape Maintenance - Contract $73,325 $879,904 Landscape Maintenance - New Units/Street Trees $1,842 $22,100 Pond Maintenance - Contract $417 $5,000 Pond Repairs - Current Units $1,250 $15,000 Irrigation Maintenance - Contract $6,724 $80,691 Irrigation Maintenance - New Units $375 $4,500 Irrigation Repairs - Current Units $3,333 $40,000 Irrigation System Upgrades $833 $10,000 Total $88,099 $1,057,195 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. These services include underwater and floating vegetation control program, shoreline grass and brush control, and additional treatments and callback service, as needed. 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. Page 6 Alleyway Maintenance The District conducts repairs and maintenance of the District-owned alleyways. Miscellaneous Maintenance Unscheduled repairs and maintenance to the District’s facilities not allocated to a particular area Utilities The cost of electricity and Irrigation Water for Capital Region CDD for the following accounts: Account #Services AddressMonthly Annual16804856103766 Greyfield Dr - Pump 1$100 $1,200 17804856102150 Merchants Row Blvd - Pump$50 $600 18940632232380 E Orange Ave Irr$450 $5,400 24294712953564 S Blair Stone Rd Reclaim$75 $900 27804856102588 Merchants Row Blvd - Pump$50 $600 30779197803136 Dickinson Dr.$50 $600 31830026583001 School House Rd Reclaimed$200 $2,400 35414856102301 E Orange Ave, Irr/3591 Strolling Way$50 $600 35434856103701 Mossy Creek Ln - Unit 1$300 $3,600 36804856103765 Grove Park Dr$50 $600 42639725223029 Dickinson Dr. Area Lights$75 $900 43604856101900 Merchants Row-ENTRANCE$75 $900 46804856103992 Four Oaks Blvd$50 $600 53996989263252 Updike Ave IRR$50 $600 62434856103700 Mossy Creek Ln- Pump$50 $600 69483770921901 Merchants Row Blvd$50 $600 70428656104580 Grove Park Dr - IRR$50 $600 75804856103705 Four Oaks Blvd$130 $1,560 76704856103766 Greyfield Dr$50 $600 8001821240Various Locations- Area Lights$1,200 $14,400 82704856103603 Capital Cir SE Irr.$420 $5,040 85036839503751 Biltmore Ave - HYD$50 $600 89654288173559 Four Oaks Blvd$50 $600 91434511403700 Spider Lily Way$50 $600 94134856103000 School House Road$50 $600 93568902324583 Grove Park Dr. Temp.$50 $600 96509889603751 Biltmore Ave - IRR$50 $600 9674588544Various Locations, Irrigation$50 $600 96990667203145 Mulberry Park Blvd. Area Light$200 $2,400 97789984162471 E Orange Ave. Irr.$42 $504 Total$4,167 $50,004 Page 7 Capital Region Community Development District General Fund Budget Fiscal Year 2018 Special Events Pops in the park. Other Contingencies Unscheduled repairs and maintenance to the District’s Facilities throughout the community. 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 District’s capital assets. Page 8 Capital Region Community Development District Capital Reserve Adopted Actual Projected Total Adopted Budget Thru Next Projected Budget Description FY 2017 7/31/2017 2 Months 9/30/2017 FY 2018 Revenues Capital Reserve Contribution $30,000 $30,000 $0 $30,000 $30,000 Designated reserves $69,005 $32,110 $0 $32,110 $56,672 TOTAL REVENUES $99,005 $62,110 $0 $62,110 $86,672 Expenditures Reserve for Capital - R&R $0 $5,115 $0 $5,115 $0 Other Charges $500 $270 $54 $324 $500 TOTAL EXPENDITURES $500 $5,385 $54 $5,439 $500 ASSIGNED FUND BALANCE $98,505 $56,726 ($54) $56,672 $86,172 Capital Region Community Development District Debt Service Fund Series 2008 Adopted Actual Projected Total Adopted Budget Thru Next Projected Budget Description FY 2017 7/31/2017 2 Months 9/30/2017 FY 2018 Revenues (1)(2) Special Assessment $1,599,305 $1,035,106 $564,199 $1,599,305 $186,478 (2)Special Assessment - Direct $0 $0 $0 $0 $1,412,647 Interest Income $250 $5,759 $1,152 $6,911 $5,000 Carry Forward Surplus $669,120 $696,383 $0 $696,383 $674,374 TOTAL REVENUES $2,268,675 $1,737,248 $565,351 $2,302,599 $2,278,499 Expenditures Interest - 11/1 $634,550 $634,550 $0 $634,550 $621,950 Special Call - 11/1 $0 $25,000 $0 $25,000 $0 Interest - 5/1 $634,550 $633,675 $0 $633,675 $621,950 PrincipaL - 5/1 $330,000 $330,000 $0 $330,000 $350,000 Special Call - 5/1 $0 $5,000 $0 $5,000 $0 TOTAL EXPENDITURES $1,599,100 $1,628,225 $0 $1,628,225 $1,593,900 EXCESS REVENUES / (EXPENDITURES) $669,575 $109,023 $565,351 $674,374 $684,599 (1)Represents 34 out of 272 Apartments Units located in Unit 35 and 216 Apartments Units located in Unit 36 11/18 Interest (2)Represents Direct Assessments on Undeveloped Property Series 2008 $609,700 Per Unit Gross Net Lot Size # of Units Amount Assessments Assessments Apartments 600 $401 $240,648 $223,803 ACLF 130 $192 $25,021 $23,270 Duplex 198 $398 $78,774 $73,260 *Towns 212 $366 $77,505 $72,080 40s 210 $426 $89,420 $83,161 *55s 399 $517 $206,363 $191,917 *65s 195 $639 $124,548 $115,830 *75s 58 $730 $42,346 $39,382 85s 16 $791 $12,662 $11,776 *100s 24 $913 $21,910 $20,376 *1/2 Ac 2 $1,096 $2,191 $2,038 Blended Commercial 188 $4,246 $798,293 $742,413 Total 2232 $1,719,683 $1,599,305 *Certain Units have a lower debt per unit amount Capital Region Community Development District Debt Amortization Series 2008 Capital Improvement Revenue Bonds Date Principal Interest Principal Balance Calendar Year 11/01/17 $621,950.00 $17,770,000.00 $621,950.00 05/01/18 $350,000.00 $621,950.00 $17,420,000.00 11/01/18 $609,700.00 $17,420,000.00 $1,581,650.00 05/01/19 $375,000.00 $609,700.00 $17,045,000.00 11/01/19 $596,575.00 $17,045,000.00 $1,581,275.00 05/01/20 $405,000.00 $596,575.00 $16,640,000.00 11/01/20 $582,400.00 $16,640,000.00 $1,583,975.00 05/01/21 $435,000.00 $582,400.00 $16,205,000.00 11/01/21 $567,175.00 $16,205,000.00 $1,584,575.00 05/01/22 $465,000.00 $567,175.00 $15,740,000.00 11/01/22 $550,900.00 $15,740,000.00 $1,583,075.00 05/01/23 $500,000.00 $550,900.00 $15,240,000.00 11/01/23 $533,400.00 $15,240,000.00 $1,584,300.00 05/01/24 $535,000.00 $533,400.00 $14,705,000.00 11/01/24 $514,675.00 $14,705,000.00 $1,583,075.00 05/01/25 $575,000.00 $514,675.00 $14,130,000.00 11/01/25 $494,550.00 $14,130,000.00 $1,584,225.00 05/01/26 $615,000.00 $494,550.00 $13,515,000.00 11/01/26 $473,025.00 $13,515,000.00 $1,582,575.00 05/01/27 $660,000.00 $473,025.00 $12,855,000.00 11/01/27 $449,925.00 $12,855,000.00 $1,582,950.00 05/01/28 $710,000.00 $449,925.00 $12,145,000.00 11/01/28 $425,075.00 $12,145,000.00 $1,585,000.00 05/01/29 $760,000.00 $425,075.00 $11,385,000.00 11/01/29 $398,475.00 $11,385,000.00 $1,583,550.00 05/01/30 $815,000.00 $398,475.00 $10,570,000.00 11/01/30 $369,950.00 $10,570,000.00 $1,583,425.00 05/01/31 $875,000.00 $369,950.00 $9,695,000.00 11/01/31 $339,325.00 $9,695,000.00 $1,584,275.00 05/01/32 $935,000.00 $339,325.00 $8,760,000.00 11/01/32 $306,600.00 $8,760,000.00 $1,580,925.00 05/01/33 $1,005,000.00 $306,600.00 $7,755,000.00 11/01/33 $271,425.00 $7,755,000.00 $1,583,025.00 05/01/34 $1,075,000.00 $271,425.00 $6,680,000.00 11/01/34 $233,800.00 $6,680,000.00 $1,580,225.00 05/01/35 $1,155,000.00 $233,800.00 $5,525,000.00 11/01/35 $193,375.00 $5,525,000.00 $1,582,175.00 05/01/36 $1,240,000.00 $193,375.00 $4,285,000.00 11/01/36 $149,975.00 $4,285,000.00 $1,583,350.00 05/01/37 $1,330,000.00 $149,975.00 $2,955,000.00 11/01/37 $103,425.00 $2,955,000.00 $1,583,400.00 05/01/38 $1,425,000.00 $103,425.00 $1,530,000.00 11/01/38 $53,550.00 $1,530,000.00 $1,581,975.00 05/01/39 $1,530,000.00 $53,550.00 $0.00 $1,583,550.00 totals $17,770,000.00 $17,678,500.00 $35,448,500.00 Capital Region Community Development District Debt Service Fund Series 2011A1/A2 Adopted Actual Projected Total Adopted Budget Thru Next Projected Budget Description FY 2017 7/31/2017 2 Months 9/30/2017 FY 2018 Revenues Special Assessment - Tax Collector $674,886 $677,579 $0 $677,579 $674,886 Interest Earned $100 $2,420 $484 $2,904 $1,000 Carry Forward Surplus $195,930 $196,305 $0 $196,305 $197,444 TOTAL REVENUES $870,916 $876,304 $484 $876,788 $873,330 Expenses Series 2011A1 Interest - 11/1 - 2011A1 $97,393 $97,393 $0 $97,393 $94,074 Special Call- 11/1 - 2011A1 $0 $5,000 $0 $5,000 $0 Interest - 5/1 - 2011A1 $97,393 $97,256 $0 $97,256 $94,074 PrincipaL - 5/1 - 2011A1 $185,000 $185,000 $0 $185,000 $190,000 Series 2011A2 Interest - 11/1 - 2011A2 $89,848 $89,848 $0 $89,848 $86,283 Interest - 5/1 - 2011A2 $89,848 $89,848 $0 $89,848 $86,283 Principal - 5/1 - 2011A2 $115,000 $115,000 $0 $115,000 $125,000 TOTAL EXPENDITURES $674,481 $679,344 $0 $679,344 $675,712 EXCESS REVENUES / (EXPENDITURES) $196,435 $196,960 $484 $197,444 $197,618 Series 2011A1 $90,435 Series 2011A2 $90,435 11/18 Interest $180,870 Per Unit Gross Net Lot Size # of Units Amount Assessments Assessments *Towns 60 $256 $15,357 $14,282 *Towns 110 $308 $33,879 $31,507 30s 53 $336 $17,816 $16,569 40s 28 $360 $10,081 $9,375 *55s 28 $363 $10,153 $9,442 *55s 82 $437 $35,817 $33,310 *65s 42 $448 $18,812 $17,495 *65s 69 $539 $37,205 $34,600 *75s 34 $512 $17,405 $16,186 *75s 43 $617 $26,524 $24,667 *100s 32 $640 $20,476 $19,043 *100s 89 $770 $68,566 $63,767 *1/2 Ac 22 $768 $16,893 $15,710 *1/2 Ac 44 $925 $40,693 $37,844 *1Ac 25 $1,002 $25,062 $23,307 *1Ac 11 $1,207 $13,280 $12,350 Blended Commercial 3.84 $2,379 $9,137 $8,498 Blended Commercial 43.372 $3,978 $172,514 $160,438 Golf Club 1 $23,065 $23,065 $21,450 Apartments 241 $377 $90,835 $84,477 Catholic School 1 $22,116 $22,116 $20,568 Total 1062 $725,684 $674,886 * Certain Units have a lower debt per unit amount Capital Region Community Development District Debt Amortization Series 2011A-1 Capital Improvement Revenue Bonds A1 Term Bonds Due 5/1/2031 Date Principal Interest Principal Balance Calendar Year 05/01/17 $185,000.00 $97,255.50 $3,670,000.00 11/01/17 $0.00 $94,073.50 $3,670,000.00 $376,329.00 05/01/18 $190,000.00 $94,073.50 $3,480,000.00 11/01/18 $0.00 $90,435.00 $3,480,000.00 $374,508.50 05/01/19 $200,000.00 $90,435.00 $3,280,000.00 11/01/19 $0.00 $86,275.00 $3,280,000.00 $376,710.00 05/01/20 $205,000.00 $86,275.00 $3,075,000.00 11/01/20 $0.00 $81,754.75 $3,075,000.00 $373,029.75 05/01/21 $215,000.00 $81,754.75 $2,860,000.00 11/01/21 $0.00 $76,831.25 $2,860,000.00 $373,586.00 05/01/22 $225,000.00 $76,831.25 $2,635,000.00 11/01/22 $0.00 $71,600.00 $2,635,000.00 $373,431.25 05/01/23 $230,000.00 $71,600.00 $2,405,000.00 11/01/23 $0.00 $66,137.50 $2,405,000.00 $367,737.50 05/01/24 $240,000.00 $66,137.50 $2,165,000.00 11/01/24 $0.00 $59,537.50 $2,165,000.00 $365,675.00 05/01/25 $260,000.00 $59,537.50 $1,905,000.00 11/01/25 $0.00 $52,387.50 $1,905,000.00 $371,925.00 05/01/26 $275,000.00 $52,387.50 $1,630,000.00 11/01/26 $0.00 $44,825.00 $1,630,000.00 $372,212.50 05/01/27 $290,000.00 $44,825.00 $1,340,000.00 11/01/27 $0.00 $36,850.00 $1,340,000.00 $371,675.00 05/01/28 $305,000.00 $36,850.00 $1,035,000.00 11/01/28 $0.00 $28,462.50 $1,035,000.00 $370,312.50 05/01/29 $325,000.00 $28,462.50 $710,000.00 11/01/29 $0.00 $19,525.00 $710,000.00 $372,987.50 05/01/30 $345,000.00 $19,525.00 $365,000.00 11/01/30 $0.00 $10,037.50 $365,000.00 $374,562.50 05/01/31 $365,000.00 $10,037.50 $0.00 $375,037.50 totals $3,855,000.00 $1,734,719.50 $5,589,719.50 Capital Region Community Development District Debt Amortization Series 2011A-2 Capital Improvement Revenue Bonds A2 Term Bonds Due 5/1/2031 Date Principal Interest Principal Balance Calendar Year 11/01/16 $0 $89,847.50 $2,795,000.00 $89,847.50 05/01/17 $115,000 $89,847.50 $2,680,000.00 11/01/17 $0 $86,282.50 $2,680,000.00 $291,130.00 05/01/18 $125,000 $86,282.50 $2,555,000.00 11/01/18 $0 $82,407.50 $2,555,000.00 $293,690.00 05/01/19 $130,000 $82,407.50 $2,425,000.00 11/01/19 $0 $78,377.50 $2,425,000.00 $290,785.00 05/01/20 $140,000 $78,377.50 $2,285,000.00 11/01/20 $0 $74,037.50 $2,285,000.00 $292,415.00 05/01/21 $150,000 $74,037.50 $2,135,000.00 11/01/21 $0 $69,387.50 $2,135,000.00 $293,425.00 05/01/22 $155,000 $69,387.50 $1,980,000.00 11/01/22 $0 $64,350.00 $1,980,000.00 $288,737.50 05/01/23 $165,000 $64,350.00 $1,815,000.00 11/01/23 $0 $58,987.50 $1,815,000.00 $288,337.50 05/01/24 $180,000 $58,987.50 $1,635,000.00 11/01/24 $0 $53,137.50 $1,635,000.00 $292,125.00 05/01/25 $190,000 $53,137.50 $1,445,000.00 11/01/25 $0 $46,962.50 $1,445,000.00 $290,100.00 05/01/26 $205,000 $46,962.50 $1,240,000.00 11/01/26 $0 $40,300.00 $1,240,000.00 $292,262.50 05/01/27 $220,000 $40,300.00 $1,020,000.00 11/01/27 $0 $33,312.50 $1,020,000.00 $293,612.50 05/01/28 $230,000 $33,312.50 $790,000.00 11/01/28 $0 $25,837.50 $790,000.00 $289,150.00 05/01/29 $250,000 $25,837.50 $540,000.00 11/01/29 $0 $17,712.50 $540,000.00 $293,550.00 05/01/30 $265,000 $17,712.50 $275,000.00 11/01/30 $0 $9,100.00 $275,000.00 $291,812.50 05/01/31 $275,000 $9,100.00 $0.00 $284,100.00 totals $2,795,000 $1,660,080.00 $4,455,080.00 Capital Region Community Development District Debt Service Fund Series 2013A Adopted Actual Projected Total Adopted Budget Thru Next Projected Budget Description FY 2017 7/31/2017 2 Months 9/30/2017 FY 2018 Revenues Special Assessment - Tax Collector $862,173 $866,443 $0 $866,443 $862,173 Interest Income $0 $3,780 $500 $4,280 $0 Carry Forward Surplus $319,135 $319,233 $0 $319,233 $326,189 TOTAL REVENUES $1,181,308 $1,189,456 $500 $1,189,956 $1,188,361 Expenditures Interest - 11/1 $236,884 $236,884 $0 $236,884 $230,839 Interest - 5/1 $236,884 $236,884 $0 $236,884 $230,839 Principal - 5/1 $390,000 $390,000 $0 $390,000 $405,000 TOTAL EXPENDITURES $863,768 $863,768 $0 $863,768 $866,678 EXCESS REVENUES / (EXPENDITURES) $317,540 $325,689 $500 $326,189 $321,684 11/18 Interest Series 2013A $223,549 Per Unit Gross Net Lot Size # of Units Amount Assessments Assessments Apartments 486 $359 $174,421 $162,211 *Towns 82 $327 $26,828 $24,950 40s 153 $382 $58,516 $54,420 *55s 107 $464 $49,650 $46,175 *65s 127 $573 $72,743 $67,651 *75s 56 $655 $36,694 $34,125 85s 77 $710 $54,642 $50,817 *100s 40 $818 $32,736 $30,444 *1/2 Ac 73 $982 $71,717 $66,697 *1Ac 3 $1,282 $3,847 $3,578 Epoch Apls (Acres) 1 $3,806 $5,386 $5,009 Blended Commercial 113 $6,321 $339,888 $316,095 Total 1318 $927,067 $862,173 * Certain Units have a lower debt per unit amount Capital Region Community Development District Debt Amortization Series 2013 Capital Improvement Refunding Bonds Date Principal Interest Principal Balance Calendar Year 05/01/16 $380,000.00 $242,108.75 $9,100,000.00 11/01/16 $236,883.75 $9,100,000.00 $858,992.50 05/01/17 $390,000.00 $236,883.75 $8,710,000.00 11/01/17 $230,838.75 $8,710,000.00 $857,722.50 05/01/18 $405,000.00 $230,838.75 $8,305,000.00 11/01/18 $223,548.75 $8,305,000.00 $859,387.50 05/01/19 $420,000.00 $223,548.75 $7,885,000.00 11/01/19 $215,358.75 $7,885,000.00 $858,907.50 05/01/20 $440,000.00 $215,358.75 $7,445,000.00 11/01/20 $206,118.75 $7,445,000.00 $861,477.50 05/01/21 $460,000.00 $206,118.75 $6,985,000.00 11/01/21 $195,768.75 $6,985,000.00 $861,887.50 05/01/22 $480,000.00 $195,768.75 $6,505,000.00 11/01/22 $184,488.75 $6,505,000.00 $860,257.50 05/01/23 $500,000.00 $184,488.75 $6,005,000.00 11/01/23 $172,363.75 $6,005,000.00 $856,852.50 05/01/24 $530,000.00 $172,363.75 $5,475,000.00 11/01/24 $158,981.25 $5,475,000.00 $861,345.00 05/01/25 $550,000.00 $158,981.25 $4,925,000.00 11/01/25 $144,543.75 $4,925,000.00 $853,525.00 05/01/26 $585,000.00 $144,543.75 $4,340,000.00 11/01/26 $127,725.00 $4,340,000.00 $857,268.75 05/01/27 $620,000.00 $127,725.00 $3,720,000.00 11/01/27 $109,900.00 $3,720,000.00 $857,625.00 05/01/28 $660,000.00 $109,900.00 $3,060,000.00 11/01/28 $90,925.00 $3,060,000.00 $860,825.00 05/01/29 $700,000.00 $90,925.00 $2,360,000.00 11/01/29 $70,800.00 $2,360,000.00 $861,725.00 05/01/30 $740,000.00 $70,800.00 $1,620,000.00 11/01/30 $48,600.00 $1,620,000.00 $859,400.00 05/01/31 $785,000.00 $48,600.00 $835,000.00 11/01/31 $25,050.00 $835,000.00 $858,650.00 05/01/32 $835,000.00 $25,050.00 $0.00 $860,050.00 totals $9,480,000.00 $5,125,898.75 $14,605,898.75