Adopted BudgetFiscal Year 2020 
Capital Region 
Community Development DistrictSeptember 5, 2019

GMS v1

Capital RegionCommunity Development DistrictTABLE OF CONTENTSGeneral FundBudgetPage 1 - 2Per Unit Assessment - SchedulePage 3NarrativePage 4 - 7Capital Reserve FundBudgetPage 8Debt Service FundSeries 2011A1BudgetPage 9Amortization Schedule - 2011A1Page 10Series 2013BudgetPage 11Amortization Schedule - 2013Page 12Series 2018A1BudgetPage 13Amortization Schedule - 2018A1Page 14Series 2018A2BudgetPage 15Amortization Schedule - 2018A2Page 16


Capital RegionCommunity Development District General FundAdoptedActualProjectedTotalProposedChangesAdopted 
BudgetThruNextProjectedBudgetat BudgetDescriptionFY 20196/30/20193 Months9/30/2019FY 20207/11/2019FY 2020RevenuesSpecial Assessment - On Roll$1,133,370$1,034,580$123$1,034,704$1,279,714($98,434)$1,181,280Special Assessment - Direct - St Joe$432,943$237,341$79,114$316,455376,213 2,505 379,158 
Special Assessment - Southwood House Parcel (1)$942$942$0$942$0$0$0Interest Income/Misc. Revenue$1,500$11,060$500$11,560$2,500$0$2,500Emergency Management - Hurricane$0$96,435$0$96,435$0$0$0Carry Forward Surplus$34,099$39,399$0$39,399$33,162$61,701$94,863Carry Forward Surplus - Recreation (2)$231,457$231,457$0$231,457$0$0$0TOTAL REVENUES$1,834,311$1,651,214$79,737$1,730,951$1,691,589($34,228)$1,657,800ExpendituresAdministrativeSupervisor Fees$12,000$6,400$2,000$8,400$12,000($6,000)$6,000FICA$918$490$153$643$918($459)$459Engineering$30,000$25,512$4,488$30,000$30,000$0$30,000Arbitrage$3,750$1,200$2,400$3,600$3,750$0$3,750Dissemination$7,300$5,250$1,750$7,000$7,300$0$7,300Attorney$40,000$43,419$16,282$59,701$57,000$0$57,000Annual Audit$4,000$4,100$0$4,100$4,000$0$4,000Annual Report$500$0$500$500$500$0$500Trustee Fees$14,000$11,179$2,821$14,000$14,000$0$14,000Assessment Roll Services$11,500$11,500$0$11,500$11,500$0$11,500Management Fees$48,620$36,465$12,155$48,620$48,620$0$48,620Website ADA$0$2,000$0$2,000$0$0$0Information Technology$2,800$2,100$700$2,800$2,800$0$2,800Record Storage$150$0$150$150$150$0$150Travel & Per Diem$3,500$1,076$1,324$2,400$3,500($1,750)$1,750Telephone$300$384$366$750$300$0$300Postage$1,500$520$480$1,000$1,500$0$1,500Printing & Binding$2,500$2,117$800$2,917$2,500($500)$2,000Insurance$16,627$15,745$219$15,964$16,627$0$16,627Legal Advertising$4,000$5,283$316$5,599$4,000($500)$3,500Other Current Charges$1,600$1,239$361$1,600$1,600$0$1,600Office Supplies$200$188$120$308$200$0$200Dues, Licenses & Subscriptions$3,175$175$0$175$3,175$0$3,175Capital Outlay$250$0$250$250$250$0$250TOTAL ADMINISTRATIVE EXPENDITURES$209,189$176,341$47,635$223,976$226,189($9,209)$216,980


Capital RegionCommunity Development District General FundAdoptedActualProjectedTotalProposedChangesAdopted 
BudgetThruNextProjectedBudgetat BudgetDescriptionFY 20196/30/20193 Months9/30/2019FY 20207/11/2019FY 2020Field 
Management Fees$126,000$94,500$31,500$126,000$126,000$0$126,000Security$60,000$44,491$15,509$60,000$60,000($50,000)$10,000Communications$12,000$9,000$3,000$12,000$12,000($2,000)$10,000Utilities$50,000$25,876$20,026$45,903$50,000($5,000)$45,000Landscape Maintenance - Contract$893,409$670,056$223,352$893,409$879,249$0$879,249Landscape Maintenance - New Units/Street Trees$7,500$3,055$4,445$7,500$7,500$0$7,500Pond Maintenance - Contract$5,000$2,120$2,880$5,000$5,000$0$5,000Pond Repairs - Current Units$20,000$21,058$0$21,058$30,000$0$30,000Pond Repairs - New Units$0$0$0$0$1,500$0$1,500SWMF Operating Permit Fees$1,377$1,817$0$1,817$5,508$0$5,508Irrigation Maintenance - Contract$45,378$34,034$11,345$45,378$49,604$0$49,604Irrigation Maintenance - New Units$500$45$455$500$500$0$500Irrigation Repairs - Current Units$40,000$37,699$3,443$41,143$40,000$0$40,000Irrigation System Upgrades$1,000$1,250$0$1,250$1,250$0$1,250Preserve Maintenance$40,000$36,103$3,897$40,000$40,000$0$40,000Tot Lot Inspection/Maintenance$2,500$3,335$1,175$4,510$5,000$0$5,000Tree Removal/Trimming/Cleanup$30,000$21,141$8,859$30,000$35,000$0$35,000Alleyway Maintenance$5,000$2,243$2,758$5,000$5,000$0$5,000Miscellaneous Maintenance$4,000$4,038$0$4,038$7,500$0$7,500Special Events$5,000$4,593$350$4,943$5,000$0$5,000Other - Contingency$5,000$4,656$344$5,000$5,000$0$5,000Capital Expenditures$25,000$0$12,500$12,500$30,000($5,000)$25,000Reserve for Capital - R&R$15,000$0$15,000$15,000$15,000$79,209$94,209Hurricane Cleanup$0$76,866$0$76,866$0$0$0Common Area Maintenance$0$0$0$0$16,000($8,000)$8,000TOTAL FIELD EXPENDITURES$1,393,664$1,097,976$360,838$1,458,813$1,431,611$9,209$1,440,820TOTAL EXPENDITURES$1,602,853$1,274,317$408,473$1,682,789$1,657,801$0$1,657,801OTHER FINANCING SOURCES AND USESInterfund Transfer In/(Out) (3)($231,457)($15,000)$0($15,000)$0$0$0TOTAL OTHER FINANCING SOURCES AND USES($231,457)($15,000)$0($15,000)$0$0$0EXCESS REVENUES OVER EXPENDITURES$0$361,898($328,736)$33,162$33,788-$34,228$0(1) First Year Assessed(2) Represents Recreation fund balance 
(3) Represents return of remaining FY2018 recreation assessments to property owners


Capital RegionCommunity Development District 
Assessment Allocation 
FY 2018FY 2019FY 2020Net Assessment$1,117,424$1,133,370$1,181,280Plus Collection Fees (7%)$84,107$85,307$88,914Gross Assessments$1,201,531$1,218,678$1,270,193No. of Units2,7602,8592,992GrossGrossGrossLot Size# of UnitsPer UnitPer UnitPer UnitAmount Amount Amount 
FY 18FY 19FY 2020Apartments977$215.02$215.02$215.02Towns252$206.91$206.91$206.91Duplex0$0.00$217.70$217.7030s53$226.62$226.62$226.6240s205$241.40$241.40$241.4055s269$293.12$293.12$293.1265s312$362.10$362.10$362.1075s194$413.82$413.82$413.8285s102$450.37$450.37$450.3790s15$509.07$509.07$509.07100s166$517.29$517.29$517.291/2 Ac142$620.75$620.75$620.751Ac40$810.42$810.42$810.42ACLF101$0.00$108.59$108.59Blended Commercial161$2,414.59$2,414.59$2,414.59Golf Club1$13,259.51$13,259.51$13,259.51Catholic School1$0.00$0.00$0.00Southwood House0.39$0.00$2,414.59$2,414.59Total2992


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. 

 

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 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. 

 

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 with TPD 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/Pond/Irrigation Maintenance 

The District has contracted with All Pro Land Care of Tallahassee, Inc. to provide landscaping, pond 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. 

 

 

 

 

 

 


Maintenance: (continued) 

 

Landscape/Pond/Irrigation Maintenance (continued) 

 

Contracts Monthly Annual 

 

Landscape Maintenance – Contract $73,271 $879,249 

Landscape Maintenance – New Units/Street Trees $625 $7,500 

 

Pond Maintenance – Contract $417 $5,000 

Pond Repairs – Current Units $2,500 $30,000 

Pond Repairs – New Units $125 $1,500 

 

Irrigation Maintenance – Contract $4,134 $49,604 

Irrigation Maintenance – New Units $42 $500 

Irrigation Repairs – Current Units $3,333 $40,000 

Total $84,446 $1,013,353 

 

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. 

 

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# Service Address Monthly Annual 

 

1680485610 

3766 Greyfield Dr - Pump 1 

$100 

$1,200 

1780485610 

2150 Merchants Row Blvd - Pump 

$50 

$600 

1894063223 

2380 E Orange Ave Irr 

$450 

$5,400 

2429471295 

3564 S Blair Stone Rd Reclaim 

$75 

$900 

2780485610 

2588 Merchants Row Blvd - Pump 

$50 

$600 

3077919780 

3136 Dickinson Dr. 

$50 

$600 

3183002658 

3001 School House Rd Reclaimed 

$200 

$2,400 

3541485610 

2301 E Orange Ave, Irr/3591 Strolling Way 

$50 

$600 

3543485610 

3701 Mossy Creek Ln - Unit 1 

$300 

$3,600 

3680485610 

3765 Grove Park Dr 

$50 

$600 

4263972522 

3029 Dickinson Dr. Area Lights 

$75 

$900 

4360485610 

1900 Merchants Row-ENTRANCE 

$75 

$900 

4680485610 

3992 Four Oaks Blvd 

$50 

$600 

5399698926 

3252 Updike Ave IRR 

$50 

$600 

6243485610 

3700 Mossy Creek Ln- Pump 

$50 

$600 

6948377092 

1901 Merchants Row Blvd 

$50 

$600 

7042865610 

4580 Grove Park Dr - IRR 

$50 

$600 




 Maintenance (continued) 

 

 

 

 

Utilities (continued) 

 

 

 

 

 

 

 

Account# 

 Service Address 

 Monthly 

 Annual 

 

 

 

 

7670485610 

3766 Greyfield Dr 

$50 

$600 

8001821240 

Various Locations- Area Lights 

$880 

$10,560 

8270485610 

3603 Capital Cir SE Irr. 

$450 

$5,400 

8503683950 

3751 Biltmore Ave - HYD 

$50 

$600 

8965428817 

3559 Four Oaks Blvd 

$50 

$600 

9143451140 

3700 Spider Lily Way 

$50 

$600 

9356890232 

4583 Grove Park Dr. Temp. 

$50 

$600 

9413485610 

3000 School House Road 

$50 

$600 

9650988960 

3751 Biltmore Ave - IRR 

$50 

$600 

9674588544 

Various Locations, Irrigation 

$50 

$600 

9699066720 

3145 Mulberry Park Blvd. Area Light 

$200 

$2,400 

9778998416 

2471 E Orange Ave. Irr. 

$45 

$540 



Total $ 3,750 $45,000 

 

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. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Capital RegionCommunity Development District Capital ReserveAdoptedActualProjectedTotalAdopted 
BudgetThruNextProjectedBudgetDescriptionFY 20196/30/20193 Months9/30/2019FY 2020RevenuesCapital Reserve Contribution$40,000$15,000$27,500$42,500$119,209Designated reserves$71,455$71,457$0$71,457$102,095TOTAL REVENUES$111,455$86,457$27,500$113,957$221,304ExpendituresReserve for Capital - R&R$0$11,228$0$11,228$0Other Charges$500$475$158.33$633$600TOTAL EXPENDITURES$500$11,703$158$11,862$600ASSIGNED FUND BALANCE$110,955$74,754$27,342$102,095$220,704


Capital RegionCommunity Development DistrictDebt Service FundSeries 2011A-1 Capital Improvement Revenue BondsAdoptedActualProjectedTotalAdopted 
BudgetThruNextProjectedBudgetDescriptionFY 20196/30/20193 Months9/30/2019FY 2020Revenues 
Special Assessment - Tax Collector$379,445$381,545$0$381,545$379,445Special Assessment - Direct$0$2,889$0$2,889$0Interest Earned$1,000$5,075$100$5,175$1,000Carry Forward Surplus (1)$108,444$101,900$0$101,900$96,300TOTAL REVENUES$488,889$491,410$100$491,510$476,745ExpendituresSeries 2011A1Interest - 11/1 - 2011A1$90,160$90,160$0$90,160$85,659Special Call- 11/1 - 2011A1$0$5,000$0$5,000$0Interest - 5/1 - 2011A1$90,160$90,050$0$90,050$85,659PrincipaL - 5/1 - 2011A1$200,000$200,000$0$200,000$200,000Special Call- 5/1 - 2011A1$0$10,000$0$10,000$0TOTAL EXPENDITURES$380,320$395,210$0$395,210$371,318EXCESS REVENUES OVER EXPENDITURES$108,569$96,200$100$96,300$105,427 
(1) Carry Forward Surplus is net of Reseve requirement11/1/2020Series 2011A1$81,249


Capital RegionCommunity Development DistrictSeries 2011A-1 Capital Improvement Revenue BondsA1 Term Bonds Due 5/1/2031Debt AmortizationDatePrincipalInterestPrincipal Balance Calendar Year11/01/19$0.00$85,659.00$3,255,000.00$85,659.0005/01/20$200,000.00$85,659.00$3,055,000.0011/01/20$0.00$81,249.00$3,055,000.00$366,908.0005/01/21$210,000.00$81,249.00$2,845,000.0011/01/21$0.00$76,440.00$2,845,000.00$367,689.0005/01/22$220,000.00$76,440.00$2,625,000.0011/01/22$0.00$71,325.00$2,625,000.00$367,765.0005/01/23$230,000.00$71,325.00$2,395,000.0011/01/23$0.00$65,862.50$2,395,000.00$367,187.5005/01/24$245,000.00$65,862.50$2,150,000.0011/01/24$0.00$59,125.00$2,150,000.00$369,987.5005/01/25$260,000.00$59,125.00$1,890,000.0011/01/25$0.00$51,975.00$1,890,000.00$371,100.0005/01/26$275,000.00$51,975.00$1,615,000.0011/01/26$0.00$44,412.50$1,615,000.00$371,387.5005/01/27$290,000.00$44,412.50$1,325,000.0011/01/27$0.00$36,437.50$1,325,000.00$370,850.0005/01/28$305,000.00$36,437.50$1,020,000.0011/01/28$0.00$28,050.00$1,020,000.00$369,487.5005/01/29$320,000.00$28,050.00$700,000.0011/01/29$0.00$19,250.00$700,000.00$367,300.0005/01/30$340,000.00$19,250.00$360,000.0011/01/30$0.00$9,900.00$360,000.00$369,150.0005/01/31$360,000.00$9,900.00$0.00$369,900.00totals$3,255,000.00$1,259,371.00$4,514,371.00


Capital RegionCommunity Development DistrictDebt Service FundSeries 2013 Capital Improvement Refunding BondsAdoptedActualProjectedTotalAdopted 
BudgetThruNextProjectedBudgetDescriptionFY 20196/30/20193 Months9/30/2019FY 2020Revenues 
Special Assessment - Tax Collector$862,129$866,761$0$866,761$862,173Interest Income$2,500$13,317$400$13,717$2,500Carry Forward Surplus (1)$332,213 $334,050$0$334,050$347,730TOTAL REVENUES$1,196,842$1,214,128$400$1,214,528$1,212,403ExpendituresInterest - 11/1$223,399$223,399$0$223,399$215,209Interest - 5/1$223,399$223,399$0$223,399$215,209Principal - 5/1$420,000$420,000$0$420,000$440,000TOTAL EXPENDITURES$866,798$866,798$0$866,798$870,418EXCESS REVENUES OVER EXPENDITURES$330,044$347,330$400$347,730$341,986 
(1) Carry Forward Surplus is net of Reseve requirement11/20 InterestSeries 2013$205,969Per UnitGrossNetLot Size# of UnitsAmountAssessmentsAssessmentsApartments486$359$174,421$162,211*Towns82$327$26,828$24,95040s153$382$58,516$54,420*55s107$464$49,650$46,175*65s127$573$72,743$67,651*75s56$655$36,694$34,12585s77$710$54,642$50,817*100s40$818$32,736$30,444*1/2 Ac73$982$71,717$66,697*1Ac3$1,282$3,847$3,578Epoch Apls (Acres)1$3,806$5,386$5,009Blended Commercial113$6,321$339,888$316,095Total1318$927,067$862,173* Certain Units have a lower debt per unit amount


Capital RegionCommunity Development DistrictSeries 2013 Capital Improvement Refunding BondsA1 Term Bonds Due 5/1/2031Debt AmortizationDatePrincipalInterestPrincipal Balance Calendar Year05/01/18$405,000.00$230,688.75$8,300,000.0011/01/18$223,398.75$8,300,000.00$859,087.5005/01/19$420,000.00$223,398.75$7,880,000.0011/01/19$215,208.75$7,880,000.00$858,607.5005/01/20$440,000.00$215,208.75$7,440,000.0011/01/20$205,968.75$7,440,000.00$861,177.5005/01/21$460,000.00$205,968.75$6,980,000.0011/01/21$195,618.75$6,980,000.00$861,587.5005/01/22$480,000.00$195,618.75$6,500,000.0011/01/22$184,338.75$6,500,000.00$859,957.5005/01/23$500,000.00$184,338.75$6,000,000.0011/01/23$172,213.75$6,000,000.00$856,552.5005/01/24$530,000.00$172,213.75$5,470,000.0011/01/24$158,831.25$5,470,000.00$861,045.0005/01/25$550,000.00$158,831.25$4,920,000.0011/01/25$144,393.75$4,920,000.00$853,225.0005/01/26$585,000.00$144,393.75$4,335,000.0011/01/26$127,575.00$4,335,000.00$856,968.7505/01/27$620,000.00$127,575.00$3,715,000.0011/01/27$109,750.00$3,715,000.00$857,325.0005/01/28$660,000.00$109,750.00$3,055,000.0011/01/28$90,775.00$3,055,000.00$860,525.0005/01/29$700,000.00$90,775.00$2,355,000.0011/01/29$70,650.00$2,355,000.00$861,425.0005/01/30$740,000.00$70,650.00$1,615,000.0011/01/30$48,450.00$1,615,000.00$859,100.0005/01/31$785,000.00$48,450.00$830,000.0011/01/31$24,900.00$830,000.00$858,350.0005/01/32$830,000.00$24,900.00$0.00$854,900.00totals$8,705,000.00$4,174,833.75$12,879,833.75


Capital RegionCommunity Development DistrictDebt Service FundSeries 2018A1 Capital Improvement Revenue Refunding BondsProposedActualProjectedTotalAdopted 
BudgetThruNextProjectedBudgetDescriptionFY 20196/30/20193 Months9/30/2019FY 2020Revenues 
Special Assessment - Tax Collector$190,480$191,533$0$191,533$190,480Special Assessment - Direct$1,115,613$682,649$432,964$1,115,613$1,115,613Interest Income$2,500$13,143$400$13,543$2,500Carry Forward Surplus (1)$463,753 $427,090$0$427,090$413,531TOTAL REVENUES$1,772,346$1,314,415$433,364$1,747,779$1,722,124ExpendituresInterest - 11/1$412,384$412,384$0$412,384$401,650Interest - 5/1$412,384$412,384$0$412,384$401,650Principal - 5/1$490,000$490,000$0$490,000$510,000Special Call - 5/1$0$25,000$0$25,000$0TOTAL EXPENDITURES$1,314,769$1,339,769$0$1,339,769$1,313,300OTHER FINANCING SOURCES AND USESInterfund Transfers In/(Out)$0$5,520$0$5,520$0TOTAL OTHER FINANCING SOURCES AND USES$0$5,520$0$5,520$0EXCESS REVENUES OVER EXPENDITURES$457,577($19,834)$433,364$413,531$408,824 
(1) Carry Forward Surplus is net of Reseve requirement11/20 InterestSeries 2018A1$391,131


Capital RegionCommunity Development DistrictSeries 2018A1 Capital Improvement Revenue Refunding BondsDebt AmortizationDatePrincipalInterestCouponsPrincipal Balance Calendar Year11/01/19$401,650.00$16,420,000.00$401,650.0005/01/20$510,000.00$401,650.004.125%$16,420,000.0011/01/20$391,131.25$15,910,000.00$1,302,781.2505/01/21$530,000.00$391,131.254.125%$15,910,000.0011/01/21$380,200.00$15,380,000.00$1,301,331.2505/01/22$555,000.00$380,200.004.125%$15,380,000.0011/01/22$368,753.13$14,825,000.00$1,303,953.1305/01/23$575,000.00$368,753.134.125%$14,825,000.0011/01/23$356,893.75$14,250,000.00$1,300,646.8805/01/24$600,000.00$356,893.754.625%$14,250,000.0011/01/24$343,018.75$13,650,000.00$1,299,912.5005/01/25$630,000.00$343,018.754.625%$13,650,000.0011/01/25$328,450.00$13,020,000.00$1,301,468.7505/01/26$660,000.00$328,450.004.625%$13,020,000.0011/01/26$313,187.50$12,360,000.00$1,301,637.5005/01/27$690,000.00$313,187.504.625%$12,360,000.0011/01/27$297,231.25$11,670,000.00$1,300,418.7505/01/28$725,000.00$297,231.254.625%$11,670,000.0011/01/28$280,465.63$10,945,000.00$1,302,696.8805/01/29$760,000.00$280,465.635.125%$10,945,000.0011/01/29$260,990.63$10,185,000.00$1,301,456.2505/01/30$800,000.00$260,990.635.125%$10,185,000.0011/01/30$240,490.63$9,385,000.00$1,301,481.2505/01/31$840,000.00$240,490.635.125%$9,385,000.0011/01/31$218,965.63$8,545,000.00$1,299,456.2505/01/32$885,000.00$218,965.635.125%$8,545,000.0010/31/32$196,287.50$7,660,000.00$1,300,253.1305/01/33$935,000.00$196,287.505.125%$7,660,000.0011/01/33$172,328.13$6,725,000.00$1,303,615.6305/01/34$980,000.00$172,328.135.125%$6,725,000.0011/01/34$147,215.63$5,745,000.00$1,299,543.7505/01/35$1,035,000.00$147,215.635.125%$5,745,000.0011/01/35$120,693.75$4,710,000.00$1,302,909.3804/30/36$1,090,000.00$120,693.755.125%$4,710,000.0010/31/36$92,762.50$3,620,000.00$1,303,456.2505/01/37$1,145,000.00$92,762.505.125%$3,620,000.0010/31/37$63,421.88$2,475,000.00$1,301,184.3805/01/38$1,205,000.00$63,421.885.125%$2,475,000.0011/01/38$32,543.75$1,270,000.00$1,300,965.6305/01/39$1,270,000.00$32,543.755.125%$1,270,000.00$1,302,543.75totals$16,420,000.00$10,013,362.50$26,433,362.50


Capital RegionCommunity Development DistrictDebt Service FundSeries 2018A2 Capital Improvement Revenue Refunding BondsProposedActualProjectedTotalAdopted 
BudgetThruNextProjectedBudgetDescriptionFY 20196/30/20193 Months9/30/2019FY 2020Revenues 
Special Assessment - Tax Collector$274,146$276,244$0$276,244$273,055Interest Income$2,500$3,208$400$3,608$2,500Carry Forward Surplus (1)$62,031 $61,512$0$61,512$58,522TOTAL REVENUES$338,678$340,963$400$341,363$334,077ExpendituresInterest - 11/1$58,408$58,408$0$58,408$55,096Interest - 5/1$58,408$58,408$0$58,408$55,096Principal - 5/1$160,000$160,000$0$160,000$165,000Special Call - 5/1$0$10,000$0$10,000$0TOTAL EXPENDITURES$276,815$286,815$0$286,815$275,191OTHER FINANCING SOURCES AND USESInterfund Transfers In/(Out)$0$3,974$0$3,974$0TOTAL OTHER FINANCING SOURCES AND USES$0$3,974$0$3,974$0EXCESS REVENUES OVER EXPENDITURES$61,863$58,122$400$58,522$58,886 
(1) Carry Forward Surplus is net of Reseve requirement11/20 InterestSeries 2018A2$51,899


Capital RegionCommunity Development DistrictSeries 2018A2 Capital Improvement Revenue Refunding BondsDebt AmortizationDatePrincipalInterestCouponsPrincipal Balance Calendar Year11/01/19$55,095.63$2,505,000.00$55,095.6305/01/20$165,000.00$55,095.633.875%$2,505,000.0011/01/20$51,898.75$2,340,000.00$271,994.3805/01/21$170,000.00$51,898.753.875%$2,340,000.0011/01/21$48,605.00$2,170,000.00$270,503.7505/01/22$175,000.00$48,605.003.875%$2,170,000.0011/01/22$45,214.38$1,995,000.00$268,819.3805/01/23$185,000.00$45,214.383.875%$1,995,000.0011/01/23$41,630.00$1,810,000.00$271,844.3805/01/24$190,000.00$41,630.004.600%$1,810,000.0011/01/24$37,260.00$1,620,000.00$268,890.0005/01/25$200,000.00$37,260.004.600%$1,620,000.0011/01/25$32,660.00$1,420,000.00$269,920.0005/01/26$210,000.00$32,660.004.600%$1,420,000.0011/01/26$27,830.00$1,210,000.00$270,490.0005/01/27$220,000.00$27,830.004.600%$1,210,000.0011/01/27$22,770.00$990,000.00$270,600.0005/01/28$230,000.00$22,770.004.600%$990,000.0011/01/28$17,480.00$760,000.00$270,250.0005/01/29$240,000.00$17,480.004.600%$760,000.0011/01/29$11,960.00$520,000.00$269,440.0005/01/30$255,000.00$11,960.004.600%$520,000.0011/01/30$6,095.00$265,000.00$273,055.0005/01/31$265,000.00$6,095.004.600%$265,000.00$271,095.00totals$2,505,000.00$796,997.50$3,301,997.50