RESOLUTION 2019-01

WHEREAS, the Board of Supervisors, hereinafter referred to as the “Board”, of the Durbin Crossing Community Development District, hereinafter referred to as “District”, adopted a General Fund and Capital Reserve Fund Budget for fiscal year 2018, and

WHEREAS, the Board desires to reallocate funds budgeted to re-appropriate Revenues and Expenses approved during the Fiscal Year.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE DURBIN CROSSING COMMUNITY DEVELOPMENT DISTRICT TO THE

FOLLOWING:

1.	The General Fund and Capital Reserve Fund Budget is hereby amended in accordance with Exhibit “A” attached.

2.	This resolution shall become effective this 22th day of October, 2018 and be reflected in the monthly and fiscal Year End 9/30/18 Financial
	Statements and Audit Report of the District

Durbin Crossing

Community Development District

by:

Chairman

Attest:

by:

Secretary

Durbin Crossing

Community Development District

General Fund

Budget Amendment

For the Period Ending September 30, 2018

	ADOPTED	Increase	Amended	Actual		
	BUDGET	(Decrease)	Budget	9/30/18		
REVENUES:						
Assessments - Tax Roll	1,820,046	3,222	1,823,268	$1,823,268		
Assessments - Direct	116,120	-	116,120	$116,120		
Interest Income	$500	925	1,425	$1,425		
Rental Revenue	$10,000	(3,195)	6,805	$6,805		
Recreation Programs Revenue	$3,000	3,113	6,113	$6,113		
Misc Income	$2,000	4,855	6,855	$6,855		
						
TOTAL REVENUES	$1,951,666	$8,920	$1,960,586	$1,960,586		
EXPENDITURES:						
Administrative	$11,000	$0	$11,000	$10,800		
Supervisor Fees						
FICA Expense	$842	$0	$842	$826		
Assessment Roll Administration	$5,000	$0	$5,000	$5,000		
Engineering Fees	$9,500	$8,604	$18,104	$17,304		
Dissemination Fees	$6,750	$400	$7,150	$7,150		
Attorney Fees	$135,000	$51,335	$186,335	$181,335		
Annual Audit	$3,900	$0	$3,900	$3,900		
Trustee Fees	$19,000	($13,225)	$5,775	$5,775		
Arbitrage	$1,500	$1,200	$2,700	$2,700		
Impact Fee Administration	$15,000	$0	$15,000	$15,000		
Management Fees	$47,000	$9,186	$56,186	$56,186		
Information Technology	$1,600	$0	$1,600	$1,600		
Telephone	$270	$4	$274	$274		
Postage	$2,100	($200)	$1,900	$1,704		
Printing & Binding	$2,025	$0	$2,025	$1,978		
Insurance	$7,762	($686)	$7,076	$7,076		
Legal Advertising	$1,500	$675	$2,175	$2,175		
Other Current Charges	$2,815	($1,000)	$1,815	$1,636		
Office Supplies	$100	$44	$144	$144		
Dues, Licenses & Subscriptions	$175	$0	$175	$175		
						
Administrative Expenses	$272,839	$56,338	$329,177	$322,739		
Amenity Center	$26,255	($2,321)	$23,934	$23,934		
Insurance						
Repairs & Replacements	$36,000	$6,776	$42,776	$42,776		
Recreational Passes	$1,800	$964	$2,764	$2,764		
Office Supplies	$2,470	$66	$2,536	$2,536		
Permit Fees	$2,610	$73	$2,683	$2,683		
Utilities	$37,180	($7,947)	$29,233	$29,233		
Water & Sewer						
Electric	$30,550	($3,655)	$26,895	$26,895		
Cable/Phone/Internet	$15,180	$741	$15,921	$15,921		
Security System	$560	$295	$855	$855		
Management Contracts	$49,000	$0	$49,000	$32,893		
Lifeguards						
General Manager	$75,040	$0	$75,040	$75,040		

Durbin Crossing

Community Development District

General Fund

Budget Amendment

For the Period Ending September 30, 2018

	ADOPTED	Increase	Amended	Actual		
	BUDGET	(Decrease)	Budget	9/30/18		
Management Contracts - Continued	$37,893	$0	$37,893	$37,893		
Facility Attendant						
Facility Monitor	$54,035	$0	$54,035	$54,035		
Amenity Manager	$32,445	$0	$32,445	$32,445		
Maintenance Manager & Staff	$46,460	$0	$46,460	$46,460		
Pool Maintenance & Supplies	$24,675	$0	$24,675	$24,675		
Janitorial Services	$17,160	$0	$17,160	$17,160		
Refuse Service	$2,500	$2,276	$4,776	$4,776		
Pool Chemicals	$17,545	$1,164	$18,709	$18,709		
Special Events	$16,000	$410	$16,410	$16,410		
Special Event Planning	$7,650	$0	$7,650	$7,650		
Maintenance Reserves	$12,000	$7,784	$19,784	$19,784		
Pest Control	$2,175	$430	$2,605	$2,605		
Pressure Washing/Fitness Equip Maint	$10,000	$911	$10,911	$10,911		
						
Amenity Center Expenses	$557,183	$7,969	$565,152	$549,045		
Grounds Maintenance	$5,200	($845)	$4,355	$4,355		
Electric						
Water / Reuse	$284,500	($19,008)	$265,492	$265,492		
Streetlighting	$69,900	($654)	$69,246	$69,246		
Lake Maintenance	$50,184	$0	$50,184	$50,184		
Landscape Maintenance	$286,662	($5,998)	$280,664	$280,664		
Landscape Contingency	$30,500	($2,199)	$28,302	$28,302		
Miscellaneous	$30,648	($2,077)	$28,571	$28,571		
Fuel	$500	$669	$1,169	$1,169		
Irrigation Repairs	$20,720	$15,388	$36,108	$36,108		
Captital Reserve	$341,830	$0	$341,830	$341,830		
Water Quality Monitoring	$1,000	($1,000)	$0	$0		
						
Grounds Maintenance Expenses	$1,121,644	($15,724)	$1,105,920	$1,105,920		
						
TOTAL EXPENDITURES	$1,951,666	$48,583	$2,000,249	$1,977,704		
						
EXCESS REVENUES/(EXPENSES)	$0	($39,663)	($39,663)	($17,118)		
Other Financing Sources & Uses						
Interfund Transfer In/(Out)	$0	$0	$0	$0		
						
Total Other Financing Sources & Uses	$0	$0	$0	$0		
						
NET CHANGE IN FUND BALANCE	$0	($39,663)	($39,663)	($17,118)		
						
Fund Balance - Beginning	$0	$39,663	$39,663	$271,279		
						
Fund Balance - Ending	$0	$0	$0	$254,162		

Durbin Crossing

Community Develoment District

Capital Reserve Fund

Budget Amendment

For the Period Ending September 30, 2018

	ADOPTED	Increase	Amended	Actual		
	BUDGET	(Decrease)	Budget	9/30/18		
Revenues:						
Capital Reserve Funding - Transfer In	$341,830	$0	$341,830	$341,830		
Settlement Revenue	$0	$1,011,164	$1,011,164	$1,011,164		
Miscellaneous Revenue/Interest	$0	$3,054	$3,054	$3,054		
Total Revenues						
	$341,830	$1,014,218	$1,356,048	$1,356,048		
Expenditures						
Capital Outlay	$249,247	$69,734	$318,981	$318,981		
Repair/Replacements	$0	$500	$500	$500		
Total Expenditures						
	$249,247	$70,234	$319,481	$319,481		
Other Sources/(Uses)						
Interfund Transfer In/(Out)	$0	$0	$0	$0		
Total Other Sources/(Uses)						
	$0	$0	$0	$0		
Excess Revenues (Expenditures)						
	$92,583	$943,985	$1,036,568	$1,036,568		
Fund Balance - Beginning						
	$92,583	$943,985	$1,036,568	$601,397		
Fund Balance - Ending						
	$185,166	$1,887,969	$2,073,135	$1,637,965