Adopted Budget

Fiscal Year 2017

Durbin Crossing

Community Development District

August 22, 2016

Durbin Crossing

Community Development District

TABLE OF CONTENTS

General Fund

Budget	Page 1-2

Budget Narrative	Page 3-13

Debt Service Fund

Series 2005A Budget	Page 14

Series 2005A Amortization Schedule	Page 15

Series 2006-1 Budget	Page 16

Series 2006-1 Amortization Schedule	Page 17

Capital Reserve Fund

Budget	Page 18

Durbin Crossing Community Development District

General Fund Budget FY 2017

	Adopted	Actual YTD	Projected	Adopted	
	FY 2016	Thru	Thru	FY 2017	
Description	Budget	6/30/16	9/30/16	Budget	
Revenues					
Maintenance Assessments	$1,508,674	$1,551,463	$1,551,463	$1,549,974	
Interest Income	$100	$1,398	$2,088	$500	
Rental Revenue	$10,000	$4,790	$10,000	$10,000	
Recreation Programs Revenue	$800	$2,082	$2,082	$800	
Misc Income	$2,000	$1,439	$2,000	$2,000	
Total Revenues	$1,521,574	$1,561,172	$1,567,633	$1,563,274	
Expenditures					
Administrative					
Supervisor Fees	$11,000	$7,000	$9,800	$11,000	
FICA Expense	$842	$536	$750	$842	
Assessment Roll Administration (GMS)	$5,000	$5,000	$5,000	$5,000	
Engineering Fees (ETM)	$5,000	$7,759	$14,325	$6,500	
Dissemination Fees (Prager, Sealy)	$6,750	$6,250	$6,250	$6,750	
Attorney Fees (HGS)	$60,000	$63,924	$77,690	$60,000	
Bankruptcy & Lien Costs	$0	$20,645	$23,718	$0	
Annual Audit (Berger Toombs Elam Gaines & Frank)	$3,835	$0	$0	$3,835	
Trustee Fees (US Bank)	$19,000	$11,314	$11,314	$19,000	
Arbitrage (Grau)	$1,500	$750	$1,500	$1,500	
Impact Fee Administration (GMS)	$15,000	$11,250	$15,000	$15,000	
Management Fees (GMS)	$47,000	$35,250	$47,000	$47,000	
Information Technology	$1,000	$750	$1,000	$1,600	
Telephone	$250	$264	$324	$370	
Postage	$2,000	$1,196	$1,592	$2,000	
Printing & Binding	$5,501	$1,780	$2,717	$3,000	
Insurance (FIA)	$7,648	$6,917	$6,917	$7,609	
Legal Advertising	$3,120	$722	$1,291	$1,700	
Other Current Charges	$1,215	$773	$1,048	$1,245	
Property Taxes	$0	$1,896	$1,896	$0	
Office Supplies	$177	$69	$171	$177	
Dues, Licenses & Subscriptions (DCA)	$175	$175	$175	$175	
Website Compliance (GMS)	$2,300	$1,725	$3,258	$0	
Administrative Expenses	$198,312	$185,944	$232,735	$194,303	
Amenity Center					
Insurance (FIA)	$26,673	$23,796	$23,796	$24,894	
Repairs & Replacements	$31,600	$26,543	$31,600	$31,600	
Recreational Passes	$3,000	$1,800	$1,800	$2,500	
Office Supplies	$5,155	$2,766	$5,053	$4,155	
Permit Fees (Dept of Health/ASCAP/BMI/SEASAC)	$1,925	$1,620	$2,545	$2,545	
Utilities					
Water & Sewer (JEA)	$32,000	$21,954	$33,471	$34,000	
Electric (JEA)	$40,000	$22,703	$31,321	$33,500	
Cable/Internet/Phone (Comcast/DirecTV)	$11,149	$9,974	$11,574	$10,000	
Security System (Atlantic)	$560	$340	$620	$560	
Amenity Center Management Contracts					
LifeGuards (ASG)	$32,000	$17,825	$32,000	$38,650	
General Manager (ASG)	$73,000	$54,750	$73,000	$74,460	
Facility Attendant (ASG)	$31,000	$23,250	$31,000	$31,530	
Facility Monitor (ASG)	$52,465	$39,349	$52,465	$53,480	
Amenity Manager (ASG)	$31,500	$23,625	$31,500	$32,235	
Maintenance Manger & Staff (ASG)	$45,000	$33,750	$45,000	$45,000	
Pool Maintenance (ASG)	$23,900	$17,925	$23,900	$24,375	
Janitorial Services (ASG)	$16,600	$12,450	$16,600	$16,990	
Refuse Service (Waste Management)	$9,200	$7,557	$10,330	$3,000	
Pool Chemicals (Poolsure)	$16,240	$12,669	$16,819	$16,240	
Special Events	$14,000	$10,120	$14,000	$14,000	
Special Event Planning (ASG)	$4,250	$3,188	$4,250	$6,373	

1

Durbin Crossing Community Development District

General Fund Budget FY 2017

		Adopted	Actual YTD	Projected	Adopted		
		FY 2016		Thru	Thru	FY 2017		
Description		Budget		6/30/16	9/30/16	Budget		
Amenity Center Management Contracts -Continued						
Maintenance Reserves	$11,568		$5,195	$11,568	$12,000		
Pest Control (Turner Pest Control)	$2,600		$1,885	$2,320	$2,400		
Pressure Washing/Fitness Equip Maintenance	$10,000		$7,320	$10,220	$10,000		
Amenity Center Expenses		$525,385		$382,353	$516,751	$524,487		
Grounds Maintenance								
Electric (JEA)	$5,200		$3,547	$4,676	$5,200		
Water & ReUse (JEA)	$218,158		$136,508	$232,008	$235,000		
Streetlighting (JEA)	$58,000		$52,201	$69,816	$70,000		
Lake Maintenance (Future Horizons)	$34,089		$28,116	$36,666	$36,627		
Landscape Maintenance (Down To Earth)	$261,246		$199,229	$265,638	$265,638		
Landscape Contingency	$43,485		$22,303	$22,303	$43,000		
Miscellaneous	$23,445		$33,926	$36,927	$28,772		
Fuel	$0		$0	$0	$4,000		
Irrigation Repairs	$20,000		$5,139	$5,139	$11,000		
Capital Reserve	$127,254		$127,254	$127,254	$140,247		
Water Quality Monitoring (ESI)	$3,000		$0	$1,000	$1,000		
Update Reserve Study	$4,000		$0	$4,000	$4,000		
Grounds Maintenance Expenses		$797,877		$608,223	$805,426	$844,484		
TOTAL EXPENDITURES							
		$1,521,574		$1,176,520	$1,554,912	$1,563,274		
EXCESS REVENUES / (EXPENDITURES)							
		$0		$384,651	$12,721	$0		
				FY 2017				
			Gross Annual				
Unit Count		Land Use	Asmnt Per Unit				
339	83'	$	986				
319	73'	$	870				
482	63'	$	765				
468	53'	$	643				
206	43'	$	547				
493		Town Homes	$	405				
100,000		Retail/ Commercial	$	0.32				
70,000		Office	$	0.32				
	Total - Gross Assessment	$	1,648,862				
Less: Discounts and Collections (6%)	$	(98,932)				
	Total Net Assessment	$	1,549,930				
								
				FY 2016				
			Gross Annual				
			Asmnt Per Unit				
339	83'	$	986				
319	73'	$	870				
482	63'	$	765				
468	53'	$	644				
206	43'	$	547				
150		Town Homes	$	406				
150		Condos	$	322				
218		Apartments	$	212				
100,000		Retail/ Commercial	$	0.32				
70,000		Office	$	0.32				

2

Durbin Crossing

Community Development District

GENERAL FUND BUDGET

Fiscal Year 2017

REVENUES:

Maintenance Assessments

The District will levy a non ad-valorem maintenance assessment on all assessable property within the District to fund all Operations & Maintenance Expenditures for the fiscal year.

Interest Income

Maintenance Assessment income of the District will be invested in accordance with Florida Statutes and the investment guidelines approved by the Board of Supervisors.

Rental Revenue

Represents estimated income from the rental of both Amenity Center Halls and Patios.

Recreation Programs Revenue

Represents net income from the sport events, recreational classes, and special events shared 50/50 with ASG.

Misc Income

Any unanticipated income, reimbursements and other sources of income that may accrue to the district.

EXPENDITURES:

Administrative:

Supervisor Fees

Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount budgeted for the fiscal year is based upon 5 supervisors attending eleven meetings.

FICA Expense

FICA expense represents the Employer's (District’s) share of Social Security and Medicare taxes withheld from the fee paid to the Board of Supervisors.

Assessment Roll Administration

Charge to the District for the services of Governmental Management Services, LLC to manage the assessment roll and Lien Books relating to the Series 2005 bonds.

3

Durbin Crossing

Community Development District

GENERAL FUND BUDGET

Fiscal Year 2017

Engineering Fees

The District's engineering firm, England, Thims & Miller, Inc., will be providing general engineering services to the District, including attendance and preparation for monthly board meetings, review invoices, etc.

Dissemination Fees

The Annual Disclosure Report prepared by Prager & Co, LLC required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Attorney Fees

The District's legal counsel, Hopping Green & Sams, will be providing general legal services to the District, including attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.

Bankruptcy & Lien Costs

The District’s legal counsel, Hopping, Green & Sams, will provide legal services to the District concerning bankruptcy and foreclosure issues and subsequent liens to collect District assessments.

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District has contracted with Berger Toombs, Elam, Gaines & Frank to conduct their annual audit.

Trustee Fees

The District’s Series 2005 and Series 2006-1 Special Assessment Bonds are held by a Trustee with US Bank. The amount represents the fee for the administration of the District’s bond issue.

Arbitrage

The District is required to annually have an arbitrage rebate calculation on the District’s Series 2005 and 2006-1 Special Assessment Bonds. The District will contract with an independent certified public accounting firm to calculate the rebate liability and submit a report to the District.

Impact Fee Administration

Charges to the District for the services of Governmental Management Services, LLC to collect St. Johns County Impact Fees on behalf of the District, manage the Series 2006 Impact Fee Bonds, and maintain the Series 2006 Lien Books.

4

Durbin Crossing

Community Development District

GENERAL FUND BUDGET

Fiscal Year 2017

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC.

Information Technology

The cost related to District’s accounting and information systems, District website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Telephone

Telephone and fax machine charges incurred as an administrative cost.

Postage

Mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing & Binding

Printing and binding of agenda packages for board meetings, printing of checks, stationary, envelopes etc.

Insurance

The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance (FIA). FIA 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 the St. Augustine Record.

Other Current Charges

Bank charges and any other miscellaneous expenses 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 Community Affairs for $175. This is the only expense under this category for the District.

5

Durbin Crossing

Community Development District

GENERAL FUND BUDGET

Fiscal Year 2017

Amenity Center:

Insurance

The District's Property Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity Center.

Repair & Replacements

Represents regular repairs and replacements for District’s Amenity Center.

Recreation Passes

Represents the estimated cost for access cards to the District’s Amenity Center.

Office Supplies

Represents any supplies needed for the operation of the Amenity Center.

Permit Fees

Represents permit fees paid to the Department of Health for the swimming pool and fees associated with music licenses at the Amenity Center.

Water & Sewer

JEA provides water and sewer services for the District. The cost of water/sewer associated with the Recreation Facilities:

Account Number	Description		Monthly		Annual	
68155430	145 S Durbin Pkwy - Sewer	$	214	$	2,574	
67579848	145 S Durbin Pkwy - Water	$	114	$	1,368	
68090739	145 S Durbin Pkwy Reclaim - Water	$	1,060	$	12,719	
68155430	145 S Durbin Pkwy - Water	$	253	$	3,034	
68155452	730 Durbin PY N - Sewer	$	184	$	2,203	
68155449	730 Durbin PY N - Water	$	191	$	2,298	
68155452	730 Durbin PY N - Water	$	571	$	6,857	
68090736	730 Durbin PY N Reclaimed - Water	$	159	$	1,907	
	Contingency	$	87	$	1,041	
	Total Amenity Sewer/Water/Reclaim	$	2,833	$	34,000	

6

Durbin Crossing

Community Development District

GENERAL FUND BUDGET

Fiscal Year 2017

Electric

JEA provides for electric services for the District. The cost of electric associated with the Recreation Facilities:

Account Number	Description		Monthly		Annual	
11928982	730 Durbin PY N	$	594	$	7,128	
94367324	145 S Durbin Pkwy	$	1,998	$	23,976	
	Contingency		$	200	$	2,396	
	Total Amenity Electric		$	2,792	$	33,500	

Cable/Internet/Phone

The District will provide cable television services for the Amenity Centers through Comcast.

Account Number	Description		Monthly		Annual	
8495 74 140 0420497	Durbin Crossing South Amenity	$	196	$	2,349	
8495 74 140 1022920	Durbin Crossing North Amenity	$	295	$	3,544	
8495 74 140 1015619	Durbin Crossing South Amenity	$	212	$	2,541	
	Contingency	$	131	$	1,566	
	Total Amenity Electric	$	833	$	10,000	

Security System

Maintenance costs of the security alarms/cameras provided by Atlantic Companies.

Lifeguards

The District is under contract with Amenity Services Group and this is the cost to provide pool attendants (lifeguards) during the operating season for the pool.

Contractor		Monthly		Annual	
ASG	$	3,221	$	38,650	

General Manager

The District is under contract with Amenity Services Group for Management and Administration Services for the Amenity Centers.

Contractor		Monthly		Annual	
ASG	$	6,205	$	74,460	

7

Durbin Crossing

Community Development District

GENERAL FUND BUDGET

Fiscal Year 2017

Facility Attendant

The District is under contract with Amenity Services Group who will provide recreational activities at the Amenity Center.

Contractor		Monthly		Annual	
ASG	$	2,628	$	31,530	

Facility Monitor

The District is under contract with Amenity Services Group to assists in greeting residents, enforcing district policies and providing a presence at the facility in the absence of other staff.

Contractor		Monthly		Annual	
ASG	$	4,457	$	53,480	

Amenity Manager

The Amenity Manager works for the General Manager and directs Amenity Staff, Facility Attendants, etc to control Amenity Facilities.

Contractor		Monthly		Annual	
ASG	$	2,686	$	32,235	

Maintenance Manager & Staff

The Maintenance Manger works for the General Manager and directs maintenance staff in Contract Administration and other maintenance duties throughout the District.

Contractor		Monthly		Annual	
ASG	$	3,750	$	45,000	

Pool Maintenance

The District is under contract with Amenity Services Group for the maintenance of the Amenity Center Swimming Pools.

Contractor		Monthly		Annual	
ASG	$	2,031	$	24,375	

Janitorial Services

The District is under contract with Amenity Services Group who will provide janitorial services for the Amenity Center.

Contractor		Monthly		Annual	
ASG	$	1,416	$	16,990	
8

Durbin Crossing

Community Development District

GENERAL FUND BUDGET

Fiscal Year 2017

Refuse Service

Garbage disposal services for the Amenity Centers provided Waste Management of Jacksonville.

Pool Chemicals

The District, through Poolsure, is provided chemicals necessary for the maintenance of the Amenity Center swimming pool.

Contractor		Monthly		Annual	
Poolsure	$	1,353	$	16,240	

Special Events

Represents estimated costs for the District to host special events for the community throughout the Fiscal Year.

Special Events Planning

Represents estimated costs for the District to plan for Special events for the community throughout the Fiscal Year contracted with Amenity Service Group to provide service.

Contractor		Monthly		Annual	
ASG	$	531	$	6,373	

Maintenance Reserves

The District will establish a Maintenance reserve to fund the renewal and replacement of District’s capital related facilities.

Pest Control

The District is contracted with Turner Pest Control to provide for pest control services.

Contractor		Monthly		Annual	
Turner Pest Control	$	145	$	1,740	
Contingency	$	55	$	660	
	$	200	$	2,400	

Pressure Washing/Fitness Equipment Maintenance

The cost of pressure washing District facilities (Amenity Center, entryway features, etc.) and annual maintenance of District fitness equipment.

9

Durbin Crossing

Community Development District

GENERAL FUND BUDGET

Fiscal Year 2017

Grounds Maintenance:

Electric

The cost of electricity provided by JEA for signage lighting and entry feature lighting for the District.

Account Number	Description	Monthly		Annual	
22840516	101 Castlegate Ln	$	12	$	139	
25835584	104 Durbin PY N	$	40	$	481	
93385371	1049 Longleaf Pine Parkway	$	90	$	1,081	
99911097	107 Tollerton Ave	$	27	$	325	
89863663	1513 Longleaf Pine Parkway	$	20	$	236	
26895017	16 Cloisterbane Dr Apt LL01	$	10	$	121	
87548249	20 Orchid Way Apt IR01	$	11	$	128	
99911094	2401 St Johns PY APT SG01	$	17	$	203	
13727885	28 Heron Landing Rd Apt SG01	$	14	$	165	
89866912	291 Durbin PY N	$	13	$	156	
99911053	399 Longleaf Pine PY	$	10	$	122	
89863016	501 Saddlestone Dr	$	12	$	141	
89863704	590 N Durbin Pkwy	$	12	$	146	
89863705	694 N Durbin Pkwy	$	12	$	140	
79442208	857 Durbin Py N Apt SG01	$	12	$	149	
89315721	861 Durbin PPY N Apt SG01	$	10	$	125	
89009765	910 Durbin PY N Apt SG01	$	10	$	120	
79447186	94 Staplehurst Dr Apt IR01	$	11	$	136	
79447185	95 Woodcross Dr Apt IR01	$	11	$	129	
22840515	96 Cresthaven Pl	$	11	$	136	
99912413	987 Durbin PY N	$	10	$	114	
89865800	997 Lauriston Dr	$	12	$	139	
	Contingency	$	47	$	568	
	Total Common Area Electric	$	433	$	5,200	

Water & Re-Use

Water and re-use water needed for irrigation and maintenance of the common grounds provided by JEA.

10

Durbin Crossing

Community Development District

GENERAL FUND BUDGET

Fiscal Year 2017

Account Number	Description		Monthly		Annual	
64240479	102 Durbin PY N	$	1,753	$	21,036	
70115360	102 Merkland Ct	$	34	$	413	
72360080	1021 Lauriston Dr	$	206	$	2,472	
69877485	104 Harbury Dr	$	360	$	4,320	
66534516	105 S Durbin Pkwy	$	1,206	$	14,475	
70115339	106 Charmed Pl	$	56	$	676	
68682221	107 Baxterly Way	$	25	$	299	
67386400	109 Islesbrook Pkwy	$	803	$	9,630	
68090726	1090 Durbin PY N	$	2,904	$	34,847	
74704275	116 Averley Wy Apt IR01	$	57	$	687	
68682219	116 Woodfield LA	$	25	$	299	
74704274	118 Pineta Wy Apt IR01	$	47	$	566	
70115336	124 Weathered Oak Ct	$	46	$	550	
71890295	1244 Leith Hall Dr	$	148	$	1,779	
74704249	126 Cantley Wy Apt IR01	$	60	$	717	
66534519	127 Islesbrook Pkwy	$	69	$	828	
73697024	128 Willow Winds Parkway	$	49	$	591	
71890305	1305 Fryston St	$	70	$	836	
71890313	138 Tollerto Ave	$	139	$	1,671	
71890303	1386 Fryston St	$	207	$	2,489	
68682220	144 Quail Creek Cir	$	25	$	299	
68682298	1503 Cullaig Ct.	$	84	$	1,010	
74704273	155 Telford Dr Apt IR01	$	46	$	546	
71890297	158 Castlegate LA	$	39	$	472	
26895017	16 Cloisterbane Dr Aprt LL01	$	115	$	1,385	
71890296	1620 Fenton Av	$	78	$	936	
66534517	1809 St Johns PY	$	69	$	828	
67862611	185 Islesbrook Pkwy	$	65	$	778	
64091548	2050 Longleaf Pine Py	$	1,283	$	15,396	
68682232	240 Tollerton Ave	$	467	$	5,610	
67862612	241 Islesbrook Pkwy	$	89	$	1,072	
67862610	265 Willow Winds Pkwy	$	159	$	1,909	
69214857	293 Willow Winds Pkwy	$	102	$	1,225	
68682222	310 N Glen Laurel Dr	$	83	$	992	
	Total Reuse Water Continued	$	10,970	$	131,638	

11

Durbin Crossing

Community Development District

GENERAL FUND BUDGET

Fiscal Year 2017

Account Number	Description		Monthly		Annual	
	Balance Brought Forward	$	10,970	$	131,638	
67386409	3421 St Johns PY	$	107	$	1,282	
69877486	358 Willow Winds PKWY	$	538	$	6,459	
72360078	585	Saddlestone Dr	$	104	$	1,249	
71890298	594	Saddlestone Dr	$	91	$	1,089	
64240486	606 Longleaf PY	$	2,959	$	35,505	
64240480	810 Durbin PY N	$	2,227	$	26,718	
74704276	867 Durbin PY N Apt IR01	$	135	$	1,624	
74704251	868 Durbin PY N Apt IR01	$	76	$	910	
67386405	89 Heron Landing Rd Apt IR01	$	638	$	7,653	
68081639	90	Woodcross Dr	$	326	$	3,912	
68081638	91	Staplehurst Dr	$	147	$	1,764	
74704265	912 Durbin PY N Apt IR01	$	47	$	558	
64240168	96 Crestheaven Place	$	175	$	2,106	
63312870	335 Islesbrook Pkwy	$	660	$	7,921	
	Contingency		$	384	$	4,612	
	Total Reuse Water		$	19,583	$	235,000	

Street Lighting

The District street lighting cost for the community - the amount is based upon the current tariff in effect with JEA.

Account Number	Description		Monthly		Annual	
70 watt	104 Durbin PY N(70 Watts)	$	1,708	$	20,491	
200 watt	104 Durbin PY N (200 Watts)	$	53	$	636	
70 watts	128 Willow Winds Pkwy	$	352	$	4,222	
89863487	104 Durbin Py N Apt 2	$	12	$	143	
70 watt	145 S Durbin Pkwy	$	1,234	$	14,813	
200 watt	145 S Durbin Pkwy	$	738	$	8,851	
70 watts	145 S Durbin Pkwy	$	457	$	5,479	
70 watts	16 Cloisterbane Dr	$	194	$	2,325	
71 watts	16 Cloisterbane Dr	$	197	$	2,364	
70 watts	89 Heron Landing Rd Apt IR01	$	313	$	3,759	
	Contingency/Additions	$	577	$	6,918	
	Total Streetlighting	$	5,833	$	70,000	

Lake Maintenance

The District is under contract with Future Horizons for the maintenance of the lakes at Durbin Crossing Community Development District.

Contractor		Monthly		Annual	
Future Horizons	$	3,052	$	36,627	

12

Durbin Crossing

Community Development District

GENERAL FUND BUDGET

Fiscal Year 2017

Landscape Maintenance

The District is under contract with a landscape maintenance vendor for maintenance of the common areas in the District.

Contractor		Monthly		Annual	
Down To Earth	$	22,137	$	265,638	

Landscape Contingency

A provision for additional landscape features or for repair of existing landscaping.

Miscellaneous

Any unanticipated and unscheduled maintenance cost to the District.

Gas

Fuel purchases for maintenance equipment.

Irrigation Repairs

The cost of miscellaneous irrigation repairs and maintenance incurred.

Capital Reserve

The District funds a capital reserve to fund the renewal and replacement of District’s capital related facilities.

Water Quality Monitoring

The District will contract with ESI to have conducted water quality monitoring in compliance with Section 18 of the Development Order using guidelines established by the FDEP.

Update Reserve Study

Engaging an Independent Reserve Study Contractor to update the existing capital Reserve Study recommendations.

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Community Development District	Debt Service Fund		
		Series 2005A		
							
		Adopted			Adopted		
		FY 2016			FY 2017		
Description		Budget			Budget		
Revenues						
Carry Forward Surplus (1)	$1,199,550			$1,122,550		
Special Assessments	$3,127,666			$3,278,047		
Transfer From Reserve	$292,559			$292,559		
Total Revenues						
	$4,619,775			$4,693,156		
Expenditures						
Series 2005A						
Interest 11/1	$1,199,550			$1,122,550		
Special Call 11/1	$0			$0		
Principal 5/1	$1,050,000			$1,060,000		
Interest 5/1	$1,199,550			$1,122,550		
Total Expenditures						
	$3,449,100			$3,305,100		
Other Sources / (Uses)						
Interfund Transfer in/ (out)	$0			$0		
Other Debt Service Cost	$0			$0		
Total Other Sources (Uses)						
	$0			$0		
EXCESS REVENUES / (EXPENDITURES)						
	$1,170,675			$1,388,056		
(1) Carry forward surplus is net of the reserve requirement	`			
		11/1/17			$1,093,400		
					Per Unit		
		Lot size		Assessment		
		83'		$	2,419.86		
		73'	$	2,133.61		
		63'	$	1,876.55		
		53'	$	1,578.69		
		Town Homes	$	994.57		
		Condos	$	789.34		
		Apartments	$	520.97		
		Retail/Commercial	$	0.79		
		Office	$	0.79		

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Durbin Crossing							Amortization Schedule	
Community Development District							Series 2005A,	Special Assessment Bonds	
																
DATE			BALANCE			RATE			PRINCIPAL			INTEREST			TOTAL	
												
11/01/16	$	40,820,000			5.50%	$	-	$	1,122,550.00	$	1,122,550.00	
05/01/17	$	40,820,000			5.50%	$	1,060,000.00	$	1,122,550.00				
11/01/17	$	39,760,000			5.50%	$	-	$	1,093,400.00	$	3,275,950.00	
05/01/18	$	39,760,000			5.50%	$	1,120,000.00	$	1,093,400.00				
11/01/18	$	38,640,000			5.50%	$	-	$	1,062,600.00	$	3,276,000.00	
05/01/19	$	38,640,000			5.50%	$	1,185,000.00	$	1,062,600.00				
11/01/19	$	37,455,000			5.50%	$	-	$	1,030,012.50	$	3,277,612.50	
05/01/20	$	37,455,000			5.50%	$	1,250,000.00	$	1,030,012.50				
11/01/20	$	36,205,000			5.50%	$	-	$	995,637.50	$	3,275,650.00	
05/01/21	$	36,205,000			5.50%	$	1,325,000.00	$	995,637.50				
11/01/21	$	34,880,000			5.50%	$	-	$	959,200.00	$	3,279,837.50	
05/01/22	$	34,880,000			5.50%	$	1,395,000.00	$	959,200.00				
11/01/22	$	33,485,000			5.50%	$	-	$	920,837.50	$	3,275,037.50	
05/01/23	$	33,485,000			5.50%	$	1,475,000.00	$	920,837.50				
11/01/23	$	32,010,000			5.50%	$	-	$	880,275.00	$	3,276,112.50	
05/01/24	$	32,010,000			5.50%	$	1,560,000.00	$	880,275.00				
11/01/24	$	30,450,000			5.50%	$	-	$	837,375.00	$	3,277,650.00	
05/01/25	$	30,450,000			5.50%	$	1,650,000.00	$	837,375.00				
11/01/25	$	28,800,000			5.50%	$	-	$	792,000.00	$	3,279,375.00	
05/01/26	$	28,800,000			5.50%	$	1,740,000.00	$	792,000.00				
11/01/26	$	27,060,000			5.50%	$	-	$	744,150.00	$	3,276,150.00	
05/01/27	$	27,060,000			5.50%	$	1,840,000.00	$	744,150.00				
11/01/27	$	25,220,000			5.50%	$	-	$	693,550.00	$	3,277,700.00	
05/01/28	$	25,220,000			5.50%	$	1,945,000.00	$	693,550.00				
11/01/28	$	23,275,000			5.50%	$	-	$	640,062.50	$	3,278,612.50	
05/01/29	$	23,275,000			5.50%	$	2,055,000.00	$	640,062.50				
11/01/29	$	21,220,000			5.50%	$	-	$	583,550.00	$	3,278,612.50	
05/01/30	$	21,220,000			5.50%	$	2,170,000.00	$	583,550.00				
11/01/30	$	19,050,000			5.50%	$	-	$	523,875.00	$	3,277,425.00	
05/01/31	$	19,050,000			5.50%	$	2,295,000.00	$	523,875.00				
11/01/31	$	16,755,000			5.50%	$	-	$	460,762.50	$	3,279,637.50	
05/01/32	$	16,755,000			5.50%	$	2,425,000.00	$	460,762.50				
11/01/32	$	14,330,000			5.50%	$	-	$	394,075.00	$	3,279,837.50	
05/01/33	$	14,330,000			5.50%	$	2,560,000.00	$	394,075.00				
11/01/33	$	11,770,000			5.50%	$	-	$	323,675.00	$	3,277,750.00	
05/01/34	$	11,770,000			5.50%	$	2,705,000.00	$	323,675.00				
11/01/34	$	9,065,000			5.50%	$	-	$	249,287.50	$	3,277,962.50	
05/01/35	$	9,065,000			5.50%	$	2,855,000.00	$	249,287.50				
11/01/35	$	6,210,000			5.50%	$	-	$	170,775.00	$	3,275,062.50	
05/01/36	$	6,210,000			5.50%	$	3,020,000.00	$	170,775.00	$	-	
11/01/36	$	3,190,000			5.50%	$	-	$	87,725.00	$	3,278,500.00	
05/01/37	$	3,190,000			5.50%	$	3,190,000.00	$	87,725.00				
11/01/37													$	3,277,725.00	
Total								$	40,820,000.00		$	29,130,750.00		$	69,950,750.00	

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Durbin Crossing

Community Development District	Debt Service Fund		
			Series 2006-1		
						
		Adopted		Adopted		
		FY 2016		FY 2017		
Description		Budget		Budget		
Revenues					
Impact Fees	$0	$0		
Special Assessments/Other Revenue Sources  (1)	$11,238	$121,275		
Interest Income	$0	$0		
Transfer from Reserve	$82,737	$0		
Total Revenues					
	$93,975		$121,275		
Expenditures					
Series 2006-1					
Interest - 11/01	$93,975	$60,638		
Interest - 05/01	$0	$60,638		
Total Expenditures					
	$93,975		$121,275		
Other Sources and Uses					
Interfund Transfer In/Out	$0	$0		
Total Other Sources and Uses					
	$0		$0		
					
EXCESS REVENUES / (EXPENDITURES)	$0		$0		
(1) Certain property subject to Forebearance Agreement					

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Durbin Crossing

Amortization Schedule

Community Development District	Series 2006-1, Special Assessment Bonds

												
DATE		BALANCE		RATE		PRINCIPAL	INTEREST			TOTAL	
11/01/16	$	2,310,000	5.25%	$	-		$	60,637.50	$	60,637.50	
02/01/17	$	2,310,000	5.25%	$	-		$	-	$	-	
05/01/17	$	2,310,000	5.25%	$	-		$	60,637.50	$	60,637.50	
08/01/17	$	2,310,000	5.25%	$	-		$	-	$	-	
11/01/17	$	2,310,000	5.25%	$	-		$	60,637.50	$	60,637.50	
02/01/18	$	2,310,000	5.25%	$	-		$	-	$	-	
05/01/18	$	2,310,000	5.25%	$	-		$	60,637.50	$	60,637.50	
08/01/18	$	2,310,000	5.25%	$	-		$	-	$	-	
11/01/18	$	2,310,000	5.25%	$	-		$	60,637.50	$	60,637.50	
02/01/19	$	2,310,000	5.25%	$	-		$	-	$	-	
05/01/19	$	2,310,000	5.25%	$	-		$	60,637.50	$	60,637.50	
08/01/19	$	2,310,000	5.25%	$	-		$	-	$	-	
11/01/19	$	2,310,000	5.25%	$	-		$	60,637.50	$	60,637.50	
02/01/20	$	2,310,000	5.25%	$	-		$	-	$	-	
05/01/20	$	2,310,000	5.25%	$	-		$	60,637.50	$	60,637.50	
08/01/20	$	2,310,000	5.25%	$	-		$	-	$	-	
11/01/20	$	2,310,000	5.25%	$	2,310,000		$	60,637.50	$	2,370,637.50	
Total							$	2,310,000		$	545,737.50		$	2,855,737.50	

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Durbin Crossing

Community Development District		Capital Reserve Fund	
					
	Adopted	Actual	Projected	Adopted	
	FY 2016	Thru	Thru	FY 2017	
Description	Budget	6/30/16	9/30/16	Budget	
REVENUES:					
Capital Reserve	$127,254	$127,254	$127,254	$140,247	
Miscellaneous Revenue	$0	$109	$211	$0	
Carry Forward Surplus	$243,663	$235,679	$235,679	$311,431	
					
Total Revenues	$370,917	$363,042	$363,144	$451,678	
EXPENDITURES:					
Capital Outlay	$130,642	$46,000	$46,000	$0	
Repair and Replacement	$0	$5,713	$5,713	$11,285	
					
Total Expenditures	$130,642	$51,713	$51,713	$11,285	
					
EXCESS REVENUES / (EXPENDITURES)	$240,275	$311,329	$311,431	$440,393	

18