Adopted Budget
Fiscal Year 2018

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  2016

 	Amortization Schedule - Series  2016

 	Capital  Projects Fund

 	Assessment Charts

	ADOPTED
BUDGET	ACTUAL
THRU	PROJECTED
NEXT	TOTAL
PROJECTED	ADOPTED
BUDGET	
DESCRIPTION	F/Y 2017	07/31/17	2 MONTHS	9/30/17	F/Y 2018	

REVENUES:						

Maintenance Assessments - Off Roll	
$858,876	
$858,876	
$0	
$858,876	
$858,876	
Interest Income	$100	$173	$40	$213	$150	
Reuse Water Fees - Wyndham	$8,000	$7,763	$1,150	$8,913	$8,000	
Reuse Water Fees - Golf Course	$22,000	$22,404	$2,400	$24,804	$27,000	
Reuse Water Fees - Hilton	$4,000	$3,326	$430	$3,756	$4,000	
Carry Forward Surplus	$87,000	$87,000	$0	$87,000	$38,000	
TOTAL REVENUES	$979,976	$979,542	$4,020	$983,562	$936,026	

EXPENDITURES:						
Administrative:						
Supervisor Fees	$6,000	$3,800	$2,000	$5,800	$6,000	
Engineering Fees	$10,000	$26,405	$4,000	$30,405	$20,000	
Trustee Fees	$13,000	$9,758	$3,253	$13,011	$13,012	
Dissemination Agent	$6,000	$0	$0	$0	$0	
Legal Services	$12,500	$19,690	$5,000	$24,690	$20,000	
Assessment Roll Services	$3,000	$3,000	$0	$3,000	$3,000	
Auditing Services	$3,600	$3,300	$0	$3,300	$3,400	
Arbitrage Rebate Calculation	$650	$650	$0	$650	$650	
District Management Fees	$30,120	$25,100	$5,020	$30,120	$31,024	
Insurance - Professional Liability	$6,406	$6,406	$0	$6,406	$7,050	
Telephone	$50	$97	$25	$122	$100	
Legal Advertising	$2,900	$1,181	$1,074	$2,255	$2,900	
Postage	$2,500	$1,691	$209	$1,900	$2,500	
Printing & Binding	$1,800	$968	$400	$1,368	$1,800	
Office Supplies	$300	$119	$50	$169	$300	
Bank Fees	$250	$326	$140	$466	$405	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
TOTAL ADMINISTRATIVE	$99,251	$102,664	$21,171	$123,835	$112,316	

	ADOPTED
BUDGET	ACTUAL
THRU	PROJECTED
NEXT	TOTAL
PROJECTED	ADOPTED
BUDGET	
DESCRIPTION	F/Y 2017	07/31/17	2 MONTHS	9/30/17	F/Y 2018	

Maintenance:						
Field Management - Land Dev Management	$65,078	$59,655	$21,693	$81,348	$67,030	
Utility Services
Utility Services	
$14,000	
$9,374	
$1,800	
$11,174	
$14,000	
Street Lights - Usage	$3,900	$2,534	$528	$3,062	$3,900	
Street Lights - Lease & Maintenance Agreement	$66,000	$53,653	$10,731	$64,384	$66,000	
Water Service - Reuse Water	$35,000	$36,190	$4,551	$40,741	$42,000	
SFWMD Water Use Compliance Report	$0	$0	$0	$0	$5,000	
Stormwater Control - Bonnet Creek Resort
OC/DEP Quarterly Well Monitoring Report	
$1,500	
$1,002	
$334	
$1,336	
$1,500	
Wetland & Upland Monitoring Services - (BDA)	$3,000	$303	$0	$303	$3,000	
Pond & Embankment Aquatic Treatment - (AWC)	$22,000	$17,690	$3,538	$21,228	$22,000	
Nuisance/Exotic Species Maintenance - (AWC)	$5,300	$11,470	$0	$11,470	$11,000	
Pond/Canal Repair	$19,000	$0	$0	$0	$0	
Stormwater Control - Crosby Island Marsh						
Wetland & Upland Monitoring Services - (BDA)	$10,000	$0	$0	$0	$0	
Nuisance/Exotic Species Maintenance - (AWC)	$12,000	$8,340	$2,780	$11,120	$12,000	
Nuisance/Exotic Species Maintenance - (BDA)	$4,500	$2,360	$1,840	$4,200	$4,500	
Embankment Mowing - (A. E. Smith)	$6,000	$5,580	$0	$5,580	$6,000	
Control Burn	$4,800	$0	$0	$0	$0	
Other Physical Environment						
Property Insurance	$5,705	$5,705	$0	$5,705	$6,300	
Entry, Fence, Walls & Gates Maintenance	$20,000	$1,115	$2,885	$4,000	$20,000	
Pump Station Maintenance	$2,500	$6,654	$0	$6,654	$2,500	
Pump Station Repairs	$7,500	$13,179	$0	$13,179	$7,500	
Master FlowGuard Controller Maint and Repair - (Hoover Pumping)	$4,500	$3,940	$0	$3,940	$4,500	
Master FlowGuard Remote Stations R&M - (Hoover Pumping)	$8,500	$13,669	$220	$13,889	$9,000	
Landscape & Irrigation Maintenance	$233,028	$194,190	$38,838	$233,028	$233,028	
Irrigation Repairs	$1,000	$1,226	$0	$1,226	$1,000	
Landscape Replacement	$5,000	$0	$2,500	$2,500	$5,000	
Lift Station Maintenance	$2,500	$80	$420	$500	$2,500	
Road & Street Facilities						
Roadway Repair & Maintenance	$0	$541	$0	$541	$2,500	
Highway Directional Signage - (R&M)	$10,000	$0	$5,000	$5,000	$10,000	
Roadway Directory Signage - (R&M)	$5,500	$755	$125	$880	$5,500	
Sidewalk/Curb Cleaning	$10,000	$8,680	$0	$8,680	$12,000	
Intersection Improvements	$68,000	$23,287	$6,713	$30,000	$38,000	
Contingency	$25,000	$1,960	$0	$1,960	$25,000	
Transfer Out - Capital Reserve	$199,914	$199,914	$72,187	$272,101	$181,453	
TOTAL MAINTENANCE	$880,725	$683,044	$176,683	$859,727	$823,711	
						
TOTAL EXPENDITURES	$979,976	$785,708	$197,854	$983,562	$936,026	
						
EXCESS REVENUES (EXPENDITURES)	$0	$193,834	($193,834)	$0	$0	
		
Net Assessments	
FY2016
$858,876	
FY2017
$858,876	
FY2018
$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. It will be directly billed 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 pays Orlando County Utilities Department for monthly reclaimed commercial water usage then bills Wyndham, Golf Course, and Hilton for their portion based on individual meter readings to reimburse 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 2016 Special Assessment Refunding Bonds that are deposited with a Trustee at US Bank, N.A.

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, maintaining Lien Book, 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. The District has hired Grau  and Associates.

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 coverage are 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 Governmental Management Services - Central Florida for general maintenance services.

Description	Monthly	Annually	
Maintenance Services	$5,586
TOTAL	$67,030	
	$67,030	

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 4	$17	$204	
13251 Chelonia Parkway Ct Sign 3	$17	$204	
13251 Chelonia Parkway Ct Sign 2	$20	$240	
13252 Chelonia Parkway Ct Sign 5	$18	$218	
13251 Chelonia Parkway Ct Entrance Sign	$236	$2,832	
14064 Chelonia Parkway Ct Pump	$800	$9,600	
13251 Chelonia Parkway Ct Sign 1	$19	$228	
14901 Chelonia Parkway Lift	$40	$474	
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	$3,500
TOTAL	$42,000	
	$42,000	

SFWMD Water Use Compliance Report
Expenditures related for compliance reporting for the application of Consumptive Water Use Permits with South Florida Water Management District.

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.

Nuisance/Exotic Species Maintenance – (AWC)
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 if necessary.

Description	Quarterly	Annually	
Aquatic Weed Control (Wetlands)
TOTAL	$2,750.00	$11,000
$11,000	

Stormwater Control – Crosby Island Marsh

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	

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	$1,740	
Hilton Waldorf East at Bonnet Creek Resort, ID#6847	$1,740	
Wyndham VO North at Bonnet Creek Resort, ID#6583	$1,740	
Bonnet Creek - Wyndham Hotel & Spa IQ POC, ID#7331	$1,740	
Contingency	$2,040	
TOTAL	$9,000	

Landscape & Irrigation Maintenance
The District contracted with Yellowstone Landscape 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	
Yellowstone Landscape	$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

Roadway Repair and Maintenance
Expenses related to the repair and maintenance of roadways owned by the District if any.

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 2016
Fiscal Year 2018

	ADOPTED
BUDGET	ACTUAL
THRU	PROJECTED
NEXT	TOTAL
PROJECTED	ADOPTED
BUDGET	
DESCRIPTION	F/Y 2017	07/31/17	2 MONTHS	9/30/17	F/Y 2018	

REVENUES:						
Assessments - Direct Billed	$2,557,463	$2,557,463	$0	$2,557,463	$2,084,183	
Bonds Proceeds	$25,003,279	$25,003,279	$0	$25,003,279	$0	
Interest Income	$2,000	$4,243	$1,100	$5,343	$2,000	
Transfer In - COI	$0	$8,430	$0	$8,430	$0	
Carry Forward Surplus	$2,788,264	$1,749,552	$0	$1,749,552	$13,517	
TOTAL REVENUES	$30,351,006	$29,322,967	$1,100	$29,324,067	$2,099,700	

EXPENDITURES:						
Interest - 11/1	$54,411	$54,411	$0	$54,411	$554,850	
Interest - 5/1	$576,113	$576,113	$0	$576,113	$554,850	
Principal - 5/1	$945,000	$945,000	$0	$945,000	$990,000	
Transfer Out to Escrow Agent	$27,735,027	$27,735,027	$0	$27,735,027	$0	
TOTAL EXPENDITURES	$29,310,551	$29,310,550	$0	$29,310,550	$2,099,700	
						
EXCESS REVENUES (EXPENDITURES)	$1,040,455	$12,417	$1,100	$13,517	$0	

Bonnet Creek Resort
Community Development District
SERIES 2016 SPECIAL ASSESSMENT REFUNDING BOND DEBT SERVICE SCHEDULE
AMORTIZATION SCHEDULE

DATE	
BALANCE	
RATE	
PRINCIPAL	
INTEREST	
TOTAL	
						
11/01/17	$24,660,000.00	4.500%	$0.00	$554,850.00		
05/01/18	$24,660,000.00	4.500%	$990,000.00	$554,850.00	$2,099,700.00	
11/01/18	$23,670,000.00	4.500%	$0.00	$532,575.00		
05/01/19	$23,670,000.00	4.500%	$1,035,000.00	$532,575.00	$2,100,150.00	
11/01/19	$22,635,000.00	4.500%	$0.00	$509,287.50		
05/01/20	$22,635,000.00	4.500%	$1,080,000.00	$509,287.50	$2,098,575.00	
11/01/20	$21,555,000.00	4.500%	$0.00	$484,987.50		
05/01/21	$21,555,000.00	4.500%	$1,130,000.00	$484,987.50	$2,099,975.00	
11/01/21	$20,425,000.00	4.500%	$0.00	$459,562.50		
05/01/22	$20,425,000.00	4.500%	$1,180,000.00	$459,562.50	$2,099,125.00	
11/01/22	$19,245,000.00	4.500%	$0.00	$433,012.50		
05/01/23	$19,245,000.00	4.500%	$1,235,000.00	$433,012.50	$2,101,025.00	
11/01/23	$18,010,000.00	4.500%	$0.00	$405,225.00		
05/01/24	$18,010,000.00	4.500%	$1,295,000.00	$405,225.00	$2,105,450.00	
11/01/24	$16,715,000.00	4.500%	$0.00	$376,087.50		
05/01/25	$16,715,000.00	4.500%	$1,355,000.00	$376,087.50	$2,107,175.00	
11/01/25	$15,360,000.00	4.500%	$0.00	$345,600.00		
05/01/26	$15,360,000.00	4.500%	$1,415,000.00	$345,600.00	$2,106,200.00	
11/01/26	$13,945,000.00	4.500%	$0.00	$313,762.50		
05/01/27	$13,945,000.00	4.500%	$1,480,000.00	$313,762.50	$2,107,525.00	
11/01/27	$12,465,000.00	4.500%	$0.00	$280,462.50		
05/01/28	$12,465,000.00	4.500%	$1,550,000.00	$280,462.50	$2,110,925.00	
11/01/28	$10,915,000.00	4.500%	$0.00	$245,587.50		
05/01/29	$10,915,000.00	4.500%	$1,620,000.00	$245,587.50	$2,111,175.00	
11/01/29	$9,295,000.00	4.500%	$0.00	$209,137.50		
05/01/30	$9,295,000.00	4.500%	$1,695,000.00	$209,137.50	$2,113,275.00	
11/01/30	$7,600,000.00	4.500%	$0.00	$171,000.00		
05/01/31	$7,600,000.00	4.500%	$1,775,000.00	$171,000.00	$2,117,000.00	
11/01/31	$5,825,000.00	4.500%	$0.00	$131,062.50		
05/01/32	$5,825,000.00	4.500%	$1,855,000.00	$131,062.50	$2,117,125.00	
11/01/32	$3,970,000.00	4.500%	$0.00	$89,325.00		
05/01/33	$3,970,000.00	4.500%	$1,940,000.00	$89,325.00	$2,118,650.00	
11/01/33	$2,030,000.00	4.500%	$0.00	$45,675.00		
05/01/34	$2,030,000.00	4.500%	$2,030,000.00	$45,675.00	$2,121,350.00	
			$24,660,000.00	$11,174,400.00	$35,834,400.00	

Bonnet Creek Resort
COMMUNITY DEVELOPMENT DISTRICT
Capital Projects Fund Budget Fiscal Year 2018

	ADOPTED
BUDGET	ACTUAL
THRU	PROJECTED
NEXT	TOTAL
PROJECTED	ADOPTED
BUDGET	
DESCRIPTION	F/Y 2017	07/31/17	2 MONTHS	09/30/17	F/Y 2018	

Revenues:						
Transfer In - Capital Projects	$199,914	$199,914	$72,187	$272,101	$181,453	
Interest Income	$50	$527	$136	$663	$50	
Carry Forward Surplus	$605,933	$605,939	$0	$605,939	$878,703	
TOTAL REVENUE	$805,897	$806,380	$72,323	$878,703	$1,060,205	

Expenditures:						
Landscape Project	$15,000	$0	$0	$0	$44,260	
Signage	$0	$0	$0	$0	$50,000	
Sidewalk/Curb Repairs	$12,000	$0	$0	$0	$15,000	
Road Resurfacing	$500,000	$0	$0	$0	$500,000	
New Hoover Pump Station POC Equipment	$0	$0	$0	$0	$13,000	
Weir Repair	$0	$0	$0	$0	$0	
TOTAL EXPENDITURES	$527,000	$0	$0	$0	$622,260	
						
EXCESS OF REVENUES(EXPENDITURES)	$278,897	$806,380	$72,323	$878,703	$437,945	

BONNET CREEK RESORT COMMUNITY DEVELOPMENT DISTRICT

FISCAL YEAR 2017/2018 O&M & DEBT SERVICE ASSESSMENT SCHEDULE

Total O & M Assessment	$858,876			
Total DS Assessment	$2,084,183			

TOTAL OPERATIONS	
ALLOCATION OF	
TOTAL SERIES 2016	TOTAL
FY 2017/2018	

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%	$388,194.67	$490,409.52	
Hotel (C/D)	20.83%	$178,886.73	32.60%	$679,340.64	$858,227.37	
Timeshare (E)	17.28%	$148,370.86	27.04%	$563,472.97	$711,843.83	
Hotel (F)	8.93%	$76,663.29	13.97%	$291,145.97	$367,809.26	
Golf Course (G)	 	4.97%		 	$42,660.38		 	7.77%		 	$162,028.36		$204,688.74	
	 	100.00%		 	$858,876.18		 	100.00%		 	$2,084,182.61		$2,943,058.79	

Bonnet Creek Resort COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2017/2018 O & M & DEBT SERVICE SCHEDULE

2016/2017 O & M Budget	$858,876.18	
2016/2017 O & M Budget	 	$858,876.18 	
Total Difference	 	$0.00 	

2016/2017 Debt Service Assessment	$2,557,463	
2016/2017 Debt Service Assessment	 	$2,084,183 	
Total Difference	 	($473,280)	

PER UNIT ANNUAL ASSESSMENT

	2015/2016	2016/2017		2017/2018		Adopted Increase/Decrease		
Debt Service - Parcel A	$205,622		$0		$0	$0	0%	
Operations/Maintenance - Parcel A	$310,080	$310,080	$310,080	($0)	(0%)	
Total	$515,702	$310,080	$310,080	($0)	(0%)	

Debt Service - Parcel B	
$511,862	
$506,277	
$388,195	
$118,082	
23%	
Operations/Maintenance - Parcel B	$102,215	$102,215	$102,215	$0	0%	
Total	$614,077	$608,492	$490,410	$118,082	19%	

Debt Service - Parcel C/D	
$895,758	
$885,985	
$679,341	
$206,644	
23%	
Operations/Maintenance - Parcel C/D	$178,887	$178,887	$178,887	$0	0%	
Total	$1,074,645	$1,064,872	$858,227	$206,645	19%	

Debt Service - Parcel E	
$742,979	
$734,873	
$563,473	
$171,400	
23%	
Operations/Maintenance - Parcel E	$148,371	$148,371	$148,371	$0	0%	
Total	$891,350	$883,243	$711,844	$171,400	19%	

Debt Service - Parcel F	
$383,896	
$379,708	
$291,146	
$88,562	
23%	
Operations/Maintenance - Parcel F	$76,663	$76,663	$76,663	$0	0%	
Total	$460,559	$456,371	$367,809	$88,562	19%	

Debt Service - Parcel G	
$213,646	
$211,315	
$162,028	
$49,286	
23%	
Operations/Maintenance - Parcel G	$42,660	$42,660	$42,660	$0	0%	
Total	$256,306	$253,975	$204,689	$49,286	19%