Fontainbleau Lakes Community Development District

Amended Final Budget For Fiscal Year 2017/2018
October 1, 2017 - September 30, 2018

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
FONTAINBLEAU LAKES COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET
10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR TO DATE ACTUAL
10/1/17 - 9/29/18	
Administrative Assessments	82,159	85,725	85,725	
Maintenance Assessments	317,744	317,744	317,744	
Debt Assessments (A)	463,915	463,915	463,915	
Other Revenues	0	2,900	2,900	
Interest Income	420	590	590	
				
TOTAL REVENUES	$	864,238	$	870,874	$	870,874	
				
EXPENDITURES				
ADMINISTRATIVE ASSESSMENTS				
Supervisor Fees	3,000	1,400	1,400	
Payroll Taxes (Employer)	230	107	107	
Management	25,644	25,644	25,644	
Secretarial & Field Operations	5,600	5,600	5,600	
Legal	14,000	10,140	10,140	
Assessment Roll	10,000	10,000	10,000	
Audit Fees	3,200	3,200	3,200	
Arbitrage Rebate Fee	650	650	650	
Insurance	7,200	6,042	6,042	
Legal Advertisements	750	750	585	
Miscellaneous	2,000	2,300	2,176	
Postage	550	290	272	
Office Supplies	850	525	496	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,000	3,000	0	
Continuing Disclosure Fee	500	350	350	
Website Management	1,500	1,500	1,500	
TOTAL ADMINISTRATIVE EXPENDITURES	$	78,849	$	71,673	$	68,337	
				
MAINTENANCE EXPENDITURES				
Engineering/Annual Report/Inspections	6,600	1,105	1,105	
Lake Tract Aquatic Maintenance (Includes Parcel 1)	12,600	10,610	10,610	
Landscaping Service/Pest Control/Fertilizer	85,280	82,000	76,163	
Storm Related Landscaping	0	40,000	40,000	
Mulch (Tree Rings & Shrubbery Beds)	8,400	10,000	9,765	
Irrigation Systems Maintenance (North & South)	12,600	8,000	7,774	
Tree & Shrubbery Replacement (North & South)	9,000	19,000	18,265	
Community Lighting Upkeep (North & South)	15,600	16,500	16,125	
FP&L - Power - Street Lighting (North & South)	36,000	29,856	29,856	
FP&L - Power - Irrigation Pump Stations (North & South)	3,600	1,038	1,038	
Park Maintenance - Upkeep	7,200	500	295	
Roadways & Street Maintenance (North & South)	7,200	8,500	8,473	
Fountain Maintenance (Tract A)	3,000	750	500	
Miscellaneous Electrical Improvements (North & South)	4,200	11,000	10,891	
Entrance/Exit Gate Maintenance/Repairs (North & South)	9,000	625	625	
Electrical Outlets Maintenance (North & South)	1,800	50	0	
Traffic Calming Devices Maintenance/Parking Enforcement	3,600	5,400	5,400	
Open Space Misc MTE - Tracts P,Q,W,X,Y,Z	4,800	1,000	990	
Hurricane Preparedness/Miscellaneous	9,000	100	0	
Lift Station Maintenance (North & South)	36,000	42,500	40,764	
Lift Station Power - FPL (North & South)	7,800	3,855	3,855	
Miscellaneous Improvements (North & South)	4,000	6,000	5,727	
Maintenance Contingency	15,000	16,000	14,991	
				
TOTAL MAINTENANCE EXPENDITURES	$	302,280	$	314,389	$	303,212	
				
TOTAL EXPENDITURES	$	381,129	$	386,062	$	371,549	
				
REVENUES LESS EXPENDITURES	$	483,109	$	484,812	$	499,325	
				
BOND PAYMENTS	(436,080)	(444,508)	(444,508)	
				
BALANCE	$	47,029	$	40,304	$	54,817	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(17,276)	(8,485)	(8,485)	
DISCOUNTS FOR EARLY PAYMENTS	(34,553)	(27,680)	(27,680)	
				
EXCESS/ (SHORTFALL)	$	(4,800)	$	4,139	$	18,652	
				
CARRYOVER FROM PRIOR YEAR	4,800	4,800	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	8,939	$	18,652	

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

$265,047	
$4,139	
$269,186	

Notes
Carryover From Prior Year Of $4,800 was used to reduce Fiscal Year 2017/2018 Assessments.
$57,675 Of Fund Balance To Be Used To Reduce 2018/2019 Assessments.

11/5/2018 9:11 AM	I

AMENDED FINAL BUDGET
FONTAINBLEAU LAKES COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET 10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR TO DATE ACTUAL
10/1/17 - 9/29/18	
Interest Income	0	6,816	6,816	
NAV Tax Collection	436,080	444,508	444,508	
				
Total Revenues	$	436,080	$	451,324	$	451,324	
				
EXPENDITURES				
Principal Payments	215,000	215,000	215,000	
Interest Payments	215,669	217,819	217,819	
Bond Redemption	5,411	0	0	
				
Total Expenditures	$	436,080	$	432,819	$	432,819	
				
Excess/ (Shortfall)	$	-	$	18,505	$	18,505	

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

$454,441	
$18,505	
$472,946	

Notes
Bond Reserve Fund Balance = $221,989*. Bond Revenue Fund Balance = $250,888*. Revenue Fund Balance To Be Used To Make 11/1/18 Interest Payment Of $106,760.
* Approximate Amounts

Series 2016 Bond Refunding Information		
Original Par Amount =	$6,430,000	Annual Principal Payments Due:	
Interest Rate =	2.00% - 4.125%	May 1st	
Issue Date =	October 2016	Annual Interest Payments Due:	
Maturity Date =	May 2038	May 1st & November 1st	
Par Amount As Of 9/30/18 =	$6,010,000		

11/5/2018 9:11 AM	II