Adopted Budget
Fiscal Year 2017

Bonnet Creek Resort Community
Development District

Bonnet Creek Resort Community Development District

Table of Contents

1-­‐2

3-­‐10

11

12

13

14-­‐15

 	General Fund

 	General  Fund Narrative

 	Debt Service Fund - ­ ‐ Series 2002

 	Amortization Schedule - ­ ‐  Series 2002

 	Capital  Projects Fund

 	Assessment Charts

	ADOPTED
BUDGET	ACTUAL
THRU	PROJECTED
NEXT	TOTAL
PROJECTED	ADOPTED
BUDGET	
DESCRIPTION	F/Y 2016	07/31/16	2 MONTHS	9/30/16	F/Y 2017	

REVENUES:						

Maintenance Assessments -­‐ Off Roll	
$858,876	
$839,700	
$19,176	
$858,876	
$858,876	
Interest Income	$100	$96	$39	$135	$100	
Reuse Water Fees -­‐ Wyndham	$8,000	$5,339	$1,495	$6,834	$8,000	
Reuse Water Fees -­‐ Golf Course	$22,000	$20,172	$5,648	$25,820	$22,000	
Reuse Water Fees -­‐ Hilton	$4,000	$3,235	$906	$4,141	$4,000	
Carry Forward Surplus	$0	$347,964	$0	$347,964	$87,000	
TOTAL REVENUES	$892,976	$1,216,507	$27,264	$1,243,771	$979,976	

EXPENDITURES:						
Administrative:						
Supervisor Fees	$6,000	$3,200	$2,000	$5,200	$6,000	
Engineering Fees	$10,000	$13,485	$2,515	$16,000	$10,000	
Trustee Fees	$13,000	$13,011	$0	$13,011	$13,000	
Dissemination Agent	$6,000	$5,500	$500	$6,000	$6,000	
Legal Services	$12,500	$10,854	$3,646	$14,500	$12,500	
Assessment Roll Services	$3,000	$3,000	$0	$3,000	$3,000	
Auditing Services	$3,600	$3,600	$0	$3,600	$3,600	
Arbitrage Rebate Calculation	$650	$650	$0	$650	$650	
District Management Fees	$29,242	$24,368	$4,874	$29,242	$30,120	
Insurance -­‐ Professional Liability	$6,953	$6,280	$0	$6,280	$6,406	
Telephone	$50	$12	$13	$25	$50	
Legal Advertising	$2,900	$163	$2,737	$2,900	$2,900	
Postage	$2,500	$1,325	$325	$1,650	$2,500	
Printing & Binding	$1,800	$1,234	$416	$1,650	$1,800	
Office Supplies	$300	$103	$47	$150	$300	
Bank Fees	$250	$80	$20	$100	$250	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
TOTAL ADMINISTRATIVE	$98,920	$87,040	$17,093	$104,133	$99,251	

	ADOPTED
BUDGET	ACTUAL
THRU	PROJECTED
NEXT	TOTAL
PROJECTED	ADOPTED
BUDGET	
DESCRIPTION	F/Y 2016	07/31/16	2 MONTHS	9/30/16	F/Y 2017	

Maintenance:						
Field Management -­‐  Land Dev Management	$63,182	$52,652	$10,530	$63,182	$65,078	
Utility Services
Utility Services	
$17,000	
$8,590	
$2,410	
$11,000	
$14,000	
Street Lights -­‐ Usage	$9,862	$2,571	$604	$3,175	$3,900	
Street Lights -­‐ Lease & Maintenance Agreement	$57,300	$53,654	$10,746	$64,400	$66,000	
Water Service -­‐ Reuse Water	$40,000	$21,825	$6,175	$28,000	$35,000	
Stormwater Control -­‐ Bonnet Creek Resort
OC/DEP Quarterly Well Monitoring Report	
$3,000	
$1,002	
$334	
$1,336	
$1,500	
Wetland & Upland Monitoring Services -­‐ (BDA)	$3,000	$0	$0	$0	$3,000	
Pond & Embankment Aquatic Treatment -­‐ (AWC)	$22,000	$17,690	$3,538	$21,228	$22,000	
Nuisance/Exotic Species Maintenance -­‐ (AWC)	$5,300	$0	$5,300	$5,300	$5,300	
Pond/Canal Repair	$19,000	$0	$0	$0	$19,000	
Stormwater Control -­‐ Crosby Island Marsh						
Wetland & Upland Monitoring Services -­‐ (BDA)	$10,000	$0	$5,000	$5,000	$10,000	
Nuisance/Exotic Species Maintenance -­‐ (AWC)	$15,620	$11,120	$0	$11,120	$12,000	
Nuisance/Exotic Species Maintenance -­‐ (BDA)	$4,000	$2,964	$1,236	$4,200	$4,500	
Embankment Mowing -­‐ (A. E. Smith)	$6,000	$2,550	$850	$3,400	$6,000	
Control Burn	$4,800	$8,850	$0	$8,850	$4,800	
Other Physical Environment						
Property Insurance	$5,951	$5,705	$0	$5,705	$5,705	
Entry, Fence, Walls & Gates Maintenance	$20,000	$0	$5,000	$5,000	$20,000	
Pump Station Maintenance	$2,500	$0	$1,250	$1,250	$2,500	
Pump Station Repairs	$5,000	$5,441	$1,559	$7,000	$7,500	
Master FlowGuard Controller Maint and Repair -­‐ (Hoover Pumping)	$3,300	$0	$0	$0	$4,500	
Master FlowGuard Remote Stations R&M -­‐ (Hoover Pumping)	$5,000	$2,052	$1,948	$4,000	$8,500	
Landscape & Irrigation Maintenance	$233,028	$194,190	$38,838	$233,028	$233,028	
Irrigation Repairs	$1,000	$0	$500	$500	$1,000	
Landscape Replacement	$5,000	$1,326	$1,174	$2,500	$5,000	
Lift Station Maintenance	$3,500	$468	$532	$1,000	$2,500	
Road & Street Facilities						
Roadway Repair & Maintenance	$0	$1,337	$0	$1,337	$0	
Highway Directional Signage -­‐ (R&M)	$10,000	$0	$5,000	$5,000	$10,000	
Roadway Directory Signage -­‐ (R&M)	$2,000	$5,785	$0	$5,785	$5,500	
Sidewalk/Curb Cleaning	$6,500	$10,640	$0	$10,640	$10,000	
Intersection Improvements	$90,000	$8,186	$13,814	$22,000	$68,000	
Contingency	$6,213	$0	$0	$0	$25,000	
Transfer Out -­‐ Capital Reserve	$115,000	$115,000	$402,702	$517,702	$199,914	
TOTAL MAINTENANCE	$794,056	$533,598	$519,040	$1,052,638	$880,725	
						
TOTAL EXPENDITURES	$892,976	$620,638	$536,133	$1,156,771	$979,976	
						
EXCESS REVENUES (EXPENDITURES)	$0	$595,869	($508,869)	$87,000	$0	
		
Net Assessments	
FY2015
$768,876	
FY2016
$858,876	
FY2017
$858,876	

REVENUES:

Operations & Maintenance Assessments
The District levies Non-Ad Valorem Assessments on all of the assessable property within the District to pay for operating expenditures incurred during the fiscal year. The assessments may be collected in two ways. The first is by placing them on the County’s Tax Roll, to be collected with the County’s Annual Property Tax Billing. This method is only available to land properly platted within the time limits prescribed by the County. The second is for lands not on the tax roll and that is by way of a direct bill from the District to the appropriate property owner.

Interest Income
The District will invest surplus funds with State Board of Administration, Regions Bank, and SunTrust Bank.

Reuse Water Fees
The District may receive monies reimbursing the cost of the reuse water.

EXPENDITURES:

ADMINISTRATIVE

Supervisor Fees
The District may compensate its supervisors within the appropriate statutory limits of
$200 maximum per meeting within an annual cap of $4,800 per supervisor. The amount is based upon 5 Supervisors attending 6 monthly meetings during the fiscal year.

Engineering Fees
The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of construction invoices and all other engineering services requested by the district throughout the year. Donald W. McIntosh & Associates, Inc. provides the services.

Trustee Fees
The District issued Series 2002 Special Assessment Bonds that are deposited with a Trustee at USBank, N.A.

Dissemination Agent
The District is required to file quarterly and annual disclosure reports, as required in the District’s Trust Indenture, with the specified repositories. This is contracted out to a third party in compliance with the Trust Indenture. Prager & Co., LLC provides this service.

Legal Services
The District’s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts and all other legal services requested by the district throughout the year. The District has contracted with Latham, Shuker, Eden & Beaudine, LLP to provide these services.

Assessment Roll Services
The District has contracted with Governmental Management Services - Central Florida, LLC for the collection of prepaid assessments, updating the District’s Tax Roll and levying the annual assessment.

Auditing Services
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting firm, once it reaches certain revenue and expenditure levels, or has issued bonds and incurred debt.

Arbitrage Rebate Calculation
The District is required to calculate the interest earned from bond proceeds each year pursuant to the Internal Revenue Code of 1986. The Rebate Analyst is required to verify that the District has not received earnings higher than the yield of the bonds. The District has contracted with LLS Tax Solutions, Inc. to provide this service.

District Management Fees
The District has contracted with Governmental Management Services – Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financials reporting, annual audits, etc.

Insurance – Professional Liability
The District’s general liability and public officials liability coverages is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Telephone
Telephone and fax machine.

Legal Advertising
The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to meeting schedules, special meeting notices, and public hearings, bidding etc. for the District based on statutory guidelines.

Postage
Mailing of Board Meeting Agenda's, checks for vendors, and any other required correspondence.

Printing & Binding
Printing and binding agenda packages for board meetings, printing of computerized checks, correspondence, stationary, etc.

Office Supplies
Any supplies that may need to be purchased during the Fiscal Year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Bank Fees
The District will incur bank service charges during the year.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee of $175 to the Department of Economic Opportunity. This is the only expense for this line item.

FIELD OPERATIONS

Field Management
The District has contracted with Land-Dev Mgmt. & Design, Inc. for general maintenance services.

Description	Monthly	Annually	
Maintenance Services	$5,423
TOTAL	$65,078	
	$65,078	

Utility Services

Utility Services
The District will incur electric utility expenditures for general purposes such as irrigation timers, lift station pumps, fountains, etc. The District maintains the following accounts with Duke Energy.

Description	Monthly	Annually	
13251 Chelonia Parkway Ct Sign 3	$20	$240	
13251 Chelonia Parkway Ct Sign 2	$20	$240	
13251 Chelonia Parkway Ct Entrance Sign	$240	$2,880	
14064 Chelonia Parkway Ct Pump	$800	$9,600	
13251 Chelonia Parkway Ct Sign 1	$42	$500	
14901 Chelonia Parkway Lift	$45	$540	
TOTAL		$14,000	

Street Lights - Usage
The District may have expenditures relating to streetlights throughout the community. These may be restricted to main arterial roads or in some cases to all streetlights within the District’s boundaries. The District maintains the following account with Duke Energy.

Description	Monthly	Annually	
000 Chelonia Parkway Ct Lite	$325
TOTAL	$3,900	
	$3,900	
Street Lights – Lease & Maintenance Agreement
The District may budget for its streetlights lease separately. The District maintains the following account with Duke Energy.

Description	Monthly	Annually	
000 Chelonia Parkway Ct Lite	$5,500
TOTAL	$66,000	
	$66,000	

Water Service – Reuse Water
The District may incur expenses related to the use of reclaimed water for irrigation. The District maintains the following account with Orange County Utilities.

Description	Monthly	Annually	
14064 Chelonia Parkway	$2,917
TOTAL	$35,000	
	$35,000	

Stormwater Control – Bonnet Creek Resort

OC/Dep Quarterly Well Monitoring Report
The District expenses related to quarterly well monitoring report.

Wetland & Upland Monitoring Services - (BDA)
Include reviews of nuisance/exotic (N/E) plant species maintenance associated with the on-site wetland and upland preservation areas

Description	Annually	
BDA Environmental Consultants
TOTAL	$3,000	
	$3,000	

Pond & Embankment Aquatic Treatment – (AWC)
Provide monthly chemical/manual treatments to control undesirable aquatic plants and algae growing in ponds 1 and 2. Control nuisance and exotic species growing along 6811 If of fence line. Control nuisance and exotic species growing along 33418 If of slopes and wetland edges to 15' in. Control of all vegetation growing within 5' of outfall structures.

Selective spot spraying techniques will be utilized to avoid impacting native vegetation.

Provide chemical treatment with aquatic approved herbicides supervised by state licensed natural area applicators.

Lake/Pond Repair
Expense related to repair and maintenance for inlet pipes, outfalls and weir structures for the storm water drainage system.

Stormwater Control – Crosby Island Marsh

Wetland & Upland Monitoring Services - (BDA)
Include reviews of nuisance/exotic (N/E) plant species maintenance associated with the on-site wetland and upland preservation areas

Description	Annually	
BDA Environmental Consultants
TOTAL	$10,000	
	$10,000	

Nuisance/Exotic Species Maintenance – (AWC)
Provide monthly chemical/manual treatments to control undesirable aquatic plants and algae growing in ponds 1 and 2. Control nuisance and exotic species growing along 6811 If of fence line. Control nuisance and exotic species growing along 33418 If of slopes and wetland edges to 15' in. Control of all vegetation growing within 5' of outfall structures.

Selective spot spraying techniques will be utilized to avoid impacting native vegetation.

Provide chemical treatment with aquatic approved herbicides supervised by state licensed natural area applicators.

Description	Quarterly	Annually	
Aquatic Weed Control (Wetlands)	$2,780 Aquatic Weed Control (Uplands)
TOTAL	$11,120
$880	
	$12,000	

Nuisance/Exotic Species Maintenance – (BDA)
Includes supervisory oversight of the nuisance/exotic (N/E) plant species management (to include the hand-removal and or herbicide treatment of N/E plant species) and maintenance.

Description	Annually	
BDA Environmental Consultants
TOTAL	$4,500	
	$4,500	

Control Burn
The District anticipates that it will have certain control burns during the fiscal year.

Other Physical Environment

Property Insurance
Represents the District’s share of the annual coverage of property insurance. Coverage is provided by Florida Insurance Alliance. FIA specializes in  providing  insurance  coverage to governmental agencies.

Entry, Fence, Walls & Gates Maintenance
The District will incur expenditures to maintain the entry monuments and the fencing.

Pump Station Maintenance
Expenses incurred for Pump station maintenance.

Pump Station Repairs
Expenses incurred for Pump station repairs.

Master FlowGuard Controller Maintenance & Repair – (Hoover Pumping)
Expenses incurred for Master FlowGuard Controller repairs.

Description	Annually	
Bonnet Creek Resort, ID#4147 Contingency
TOTAL	$3,340
$1,160	
	$4,500	

Master FlowGuard Remote Stations Maintenance & Repair – (Hoover Pumping)
Expenses incurred for Master FlowGuard Remote Stations Maintenance and Repair.

Description	Annually	
Hilton Waldorf West at Bonnet Creek Resort, ID#6746	$1,564	
Hilton Waldorf East at Bonnet Creek Resort, ID#6847	$1,564	
Wyndham VO North at Bonnet Creek Resort, ID#6583	$1,564	
Bonnet Creek - Wyndham Hotel & Spa IQ POC, ID#7331	$1,564	
Contingency	$2,244	
TOTAL	$8,500	

Landscape & Irrigation Maintenance
The District contracted with Austin Outdoors to maintain the rights-of-way, median strips, recreational facilities including pond banks, entryways, and similar planting areas within the District.	These services include but are not limited to monthly landscape maintenance, fertilizer, pesticides, annuals, mulch and irrigation repairs.

Description	Monthly	Annually	
Austin Outdoor, LLC	$19,419
TOTAL	$233,028	
	$233,028	

Irrigation Repairs
Expenses incurred for irrigation repairs.

Landscape Replacement
Expenditures related to replacement of turf, trees, shrubs etc.

Lift Station Maintenance
Expenses incurred for a yearly preventative maintenance inspection at the lift station.

Road & Street Facilities

Highway Directional Signage – (R&M)
Expenses which may not fit into any defined category in this section of the budget.

Roadway Directional Signage – (R&M)
Expenses which may not fit into any defined category in this section of the budget.

Sidewalk/Curb Cleaning
Estimated cost for pressure washing the District owned sidewalks throughout the community.

Intersection Improvements
Estimated cost associated with the renovations at the intersection of Buena Vista Drive and Chelonia Parkway. This amount also includes Engineer and Attorney fees incurred from this project.

Contingency
Monies collected and allocated for expenses that the District could incur miscellaneous throughout the year, which may not fit into any standard categories.

Transfer Out - Capital Reserve
Monies collected and allocated for the future repair and replacement of various capital improvements.

Bonnet Creek Resort Community Development District
Debt Service Fund
Series 2002
Fiscal Year 2017

	ADOPTED
BUDGET	ACTUAL
THRU	PROJECTED
NEXT	TOTAL
PROJECTED	ADOPTED
BUDGET	
DESCRIPTION	F/Y 2016	07/31/16	2 MONTHS	9/30/16	F/Y 2017	

REVENUES:						
Assessments -­‐ Direct Billed	$2,926,429	$2,748,141	$0	$2,748,141	$2,718,158	
Assessments -­‐ Prepayment	$0	$0	$0	$0	$0	
Carry Forward Surplus	$27,333	$2,254,480	$0	$2,254,480	$19,467	
Interest Income	$0	$2,784	$916	$3,700	$0	
TOTAL REVENUES	$2,953,763	$5,005,405	$916	$5,006,321	$2,737,625	

EXPENDITURES:						
Interest -­‐ 11/1	$1,094,381	$1,094,381	$0	$1,094,381	$1,043,772	
Special Call -­‐ 11/1	$0	$1,955,000	$0	$1,955,000	$0	
Interest -­‐ 5/1	$1,094,381	$1,021,797	$0	$1,021,797	$988,853	
Principal -­‐ 5/1	$765,000	$710,000	$0	$710,000	$705,000	
Special Call -­‐ 5/1	$0	$195,000	$0	$195,000	$0	
TOTAL EXPENDITURES	$2,953,763	$4,976,178	$0	$4,976,178	$2,737,625	
						
EXCESS REVENUES (EXPENDITURES)	$0	$29,227	$916	$30,143	$0	

Bonnet Creek Resort
Community Development District
SERIES 2002 CAPITAL IMPROVEMENT REVENUE BONDS DEBT SERVICE SCHEDULE
AMORTIZATION SCHEDULE

DATE	
BALANCE	
PRINCIPAL	
INTEREST	
TOTAL	
					
11/01/16	$26,675,000.00	$0.00	$1,043,771.88		
05/01/17	$26,675,000.00	$705,000.00	$988,853.13	$2,737,625.01	
11/01/17	$25,970,000.00	$0.00	$963,296.88		
05/01/18	$25,970,000.00	$810,000.00	$963,296.88	$2,736,593.76	
11/01/18	$25,160,000.00	$0.00	$933,934.38		
05/01/19	$25,160,000.00	$870,000.00	$933,934.38	$2,737,868.76	
11/01/19	$24,290,000.00	$0.00	$901,640.63		
05/01/20	$24,290,000.00	$935,000.00	$901,640.63	$2,738,281.26	
11/01/20	$23,355,000.00	$0.00	$866,934.38		
05/01/21	$23,355,000.00	$1,005,000.00	$866,934.38	$2,738,868.76	
11/01/21	$22,350,000.00	$0.00	$829,628.13		
05/01/22	$22,350,000.00	$1,080,000.00	$829,628.13	$2,739,256.26	
11/01/22	$21,270,000.00	$0.00	$789,537.50		
05/01/23	$21,270,000.00	$1,160,000.00	$789,537.50	$2,739,075.00	
11/01/23	$20,110,000.00	$0.00	$746,481.25		
05/01/24	$20,110,000.00	$1,245,000.00	$746,481.25	$2,737,962.50	
11/01/24	$18,865,000.00	$0.00	$700,271.88		
05/01/25	$18,865,000.00	$1,340,000.00	$700,271.88	$2,740,543.76	
11/01/25	$17,525,000.00	$0.00	$650,531.25		
05/01/26	$17,525,000.00	$1,435,000.00	$650,531.25	$2,736,062.50	
11/01/26	$16,090,000.00	$0.00	$597,268.75		
05/01/27	$16,090,000.00	$1,545,000.00	$597,268.75	$2,739,537.50	
11/01/27	$14,545,000.00	$0.00	$539,918.75		
05/01/28	$14,545,000.00	$1,660,000.00	$539,918.75	$2,739,837.50	
11/01/28	$12,885,000.00	$0.00	$478,300.00		
05/01/29	$12,885,000.00	$1,780,000.00	$478,300.00	$2,736,600.00	
11/01/29	$11,105,000.00	$0.00	$412,228.13		
05/01/30	$11,105,000.00	$1,915,000.00	$412,228.13	$2,739,456.26	
11/01/30	$9,190,000.00	$0.00	$341,140.63		
05/01/31	$9,190,000.00	$2,055,000.00	$341,140.63	$2,737,281.26	
11/01/31	$7,135,000.00	$0.00	$264,862.50		
05/01/32	$7,135,000.00	$2,210,000.00	$264,862.50	$2,739,725.00	
11/01/32	$4,925,000.00	$0.00	$182,821.88		
05/01/33	$4,925,000.00	$2,375,000.00	$182,821.88	$2,740,643.76	
11/01/33	$2,550,000.00	$0.00	$94,659.38		
05/01/34	$2,550,000.00	$2,550,000.00	$94,659.38	$2,739,318.76	
		$26,675,000.00	$22,619,537.61	$49,294,537.61	

Bonnet Creek Resort
COMMUNITY DEVELOPMENT DISTRICT
Capital Projects Fund Budget Fiscal Year 2017

	ADOPTED
BUDGET	ACTUAL
THRU	PROJECTED
NEXT	TOTAL
PROJECTED	ADOPTED
BUDGET	
DESCRIPTION	F/Y 2016	07/31/16	2 MONTHS	09/30/16	F/Y 2017	

Revenues:						
Interest Income	$50	$78	$12	$90	$50	
Transfer In -­‐ Capital Projects	$115,000	$115,000	$402,702	$517,702	$199,914	
Carry Forward Surplus	$394,552	$172,069	$0	$172,069	$605,933	
TOTAL REVENUE	$509,602	$287,147	$402,714	$689,861	$805,897	

Expenditures:						
Landscape Project	$78,200	$83,927	$0	$83,927	$15,000	
Sidewalk/Curb Repairs	$0	$0	$0	$0	$12,000	
Road Resurfacing	$0	$0	$0	$0	$500,000	
TOTAL EXPENDITURES	$78,200	$83,927	$0	$83,927	$527,000	
						
EXCESS OF REVENUES(EXPENDITURES)	$431,402	$203,219	$402,714	$605,933	$278,897	

BONNET CREEK RESORT COMMUNITY DEVELOPMENT DISTRICT

FISCAL YEAR 2016/2017 O&M & DEBT SERVICE ASSESSMENT SCHEDULE

Total O & M Assessment	$858,876			
Total DS Assessment	$2,718,158			

TOTAL OPERATIONS	
ALLOCATION OF	
TOTAL SERIES 2002	TOTAL
FY 2016/2017	

PRODUCT TYPE (PARCEL)	ALLOCATION OF
 ASSESSMENTS	AND MAINTENANCE
ASSESSMENT	DEBT
ASSESSMENTS	DEBT SERVICE
ASSESSMENT	ASSESSMENT
 PER PARCEL	
Timeshare (A)	36.10%	$310,080.07	0.00%	$0.00	$310,080.07	
Hotel (B)	11.90%	$102,214.85	18.63%	$506,277.35	$608,492.20	
Hotel (C/D)	20.83%	$178,886.73	32.60%	$885,985.33	$1,064,872.06	
Timeshare (E)	17.28%	$148,370.86	27.04%	$734,872.53	$883,243.39	
Hotel (F)	8.93%	$76,663.29	13.97%	$379,707.98	$456,371.26	
Golf Course (G)	 	4.97%		 	$42,660.38		 	7.77%		 	$211,314.82		$253,975.20	
	 	100.00%		 	$858,876.18		 	100.00%		 	$2,718,158.01		$3,577,034.19	

Bonnet Creek Resort COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2016/2017 O & M & DEBT SERVICE SCHEDULE

2015/2016 O & M Budget	$858,876.00	
2016/2017 O & M Budget	 	$858,876.18 	
Total Difference	 	$0.18 	

2015/2016 Debt Service Assessment	$2,926,429	
2016/2017 Debt Service Assessment	 	$2,718,158 	
Total Difference	 	($208,271)	

PER UNIT ANNUAL ASSESSMENT

2013/2014	2014/2015	2015/2016	2016/2017	Adopted Increase/Decrease
Debt Service - Parcel A	$1,550,976	$655,967	$205,622	$0	($205,622)	(100%)	
Operations/Maintenance - Parcel A	$277,587	$277,587	$310,080	$310,080	$0	0%	
Total	$1,828,563	$933,554	$515,702	$310,080	($205,622)	(40%)	

Debt Service - Parcel B	
$511,264	
$510,526	
$511,862	
$506,277	
($5,585)	
(1%)	
Operations/Maintenance - Parcel B	$91,504	$91,504	$102,215	$102,215	($0)	(0%)	
Total	$602,768	$602,030	$614,077	$608,492	($5,585)	(1%)	

Debt Service - Parcel C/D	
$894,766	
$893,422	
$895,758	
$885,985	
($9,773)	
(1%)	
Operations/Maintenance - Parcel C/D	$160,141	$160,141	$178,887	$178,887	($0)	(0%)	
Total	$1,054,907	$1,053,563	$1,074,645	$1,064,872	($9,773)	(1%)	

Debt Service - Parcel E	
$742,130	
$741,040	
$742,979	
$734,873	
($8,106)	
(1%)	
Operations/Maintenance - Parcel E	$132,823	$132,823	$148,371	$148,371	($0)	(0%)	
Total	$874,953	$873,863	$891,350	$883,243	($8,107)	(1%)	

Debt Service - Parcel F	
$383,459	
$382,895	
$383,896	
$379,708	
($4,188)	
(1%)	
Operations/Maintenance - Parcel F	$68,630	$68,630	$76,663	$76,663	$0	0%	
Total	$452,089	$451,525	$460,559	$456,371	($4,188)	(1%)	

Debt Service - Parcel G	
$213,381	
$213,088	
$213,646	
$211,315	
($2,331)	
(1%)	
Operations/Maintenance - Parcel G	$38,190	$38,190	$42,660	$42,660	$0	0%	
Total	$251,571	$251,278	$256,306	$253,975	($2,331)	(1%)