�-

�:

.

,,

�

- w © z y -

. :�

.

Indigo East
Community Development District
Adopted Budget
FY 2013

Table of Contents

1-9	General Fund

10-11 ---------Deb-t S-erv-ice -Fun-d

Indigo East

DESCRIPTION

ADOPTED BUDGET FY2012

ACTUAL	PROJECTED
THRU	NEXT
7/31/12	2 MONTHS

TOTAL AS OF 9/30/12

ADOPTED BUDGET FY2013

COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND

REVENUES:		
MAINTENANCE ASSESSMENTS	$248,330	$249,096	$0	$249,096	$248,330	
INTEREST	$300	$290	$60	$350	$300	
TOTAL REVENUES	$248,630	$249,387	$60	$249,447	$248,630 I	
EXPENDITURES:						
ADMINISTRATIVE:						
SUPERVISOR FEE	$4,000	$1,000	$1,000	$2,000	$4,000	
FICA	$306	$61	$61	$122	$306	
ENGINEERING	$1,000	$5,825	$0	$5,825	$1,200	
TRUSTEE FEES	$2,000	$1,751	$0	$1,751	$2,000	
DISSEMINATION	$2,000	$2,125	$0	$2,125	$2,000	
ARBITRAGE	$600	$0	$600	$600	$600	
ASSESSMENT ROLL	$5,000	$5,000	$0	$5,000	$5,000	
ATTORNEY	$6,000	$1,500	$1,500	$3,000	$6,000	
ANNUAL AUDIT	$4,000	$4,000	$0	$4,000	$4,100	
MANAGER	$6,300	$5,250	$1,050	$6,300	$6,627	
COMPUTER TIME	$1,000	$833	$167	$1,000	$1,000	
TELEPHONE	$200	$0	$50	$50	$200	
POSTAGE	$600	$56	$250	$600	
PRINTING & BINDING	$600	$206	$144	$350	$600	
INSURANCE	$5,500	$5,500	$0	$5,500	$6,100	
LEGAL ADVERTISING	$1,000	$215	$550		$1,000	
OTHER CURRENT CHARGES	$900	$349	$71	$420	$900	
OFFICE SUPPLIES	$500	$33	$32	$65	$500	
DUES,LICENSES,SUBSCR.	$175	$175	$0	$175	$175	
!TOTAL ADMINISTRATIVE	$41,681	$34,017	$5,281	$39,298	$42,908 I	

MAINTENANCE:						
COMMON AREA IRRIGATION	$36,000	$16,986	$5,414	$22,400	$25,000	
ELECTRIC EXPENSE RETENTION PONDS	$27,000
$53,008	$8,073
$26,535	$2,632
$7,712	$10,705
$34,247	$12,000
$53,008	
ROW MAINTENANCE	$58,312	$35,737	$8,057	$43,794	$58,312	
PLANT REPLACEMENT	$0	$0	$0	$0	$2,000	
TREE TRIMMING	$0	$0	$0	$0	$3,000	
OPERATING RESERVES	$32,629	$0	$0	$0	$52,402	
I TOTAL MAINTENANCE	$206,949	$87,331	$23,815	$111,146	$2os,122 I	
!TOTAL EXPENDITURES	$248,630	$121,348		$150,444	$248,630 I	

!EXCESS REVENUES (EXPENDITURES)

$0	$128,039	($29,036)

$99,003

$0 I

$29,096

FY2010	FY2011

705
$375

705
$375

705
$375

$375

Net Assessments	$248,330	$248,330 Discounts & Collections (6%)		$15,851		$15,851 Gross Assessments	$264,181		$264,181
Total Units Assessments per Unit

FY2012	FY2013
$248,330	$248,330
$15,851	$15,851
$264,181	$264,181

Indigo East
Community Development District
Exhibit II  A 11
Allocation of Operating Reserve
Estimated Funds Available

Allocation of Funds Available

Operating Reserve - First Quarter Operating Capital Renewal and Replacement

Total Reserves

Total Undesignated Cash

$62,158

Beginning Fund Balance - Fiscal Year 2012	$205,264	
Estimated Excess Revenues - Fiscal Year 2012	$99,003	
Total Estimated Funds Available - 09/30/12	$304,267	

$242,109

$304,267
 	
$0

REVENUES:
Maintenance Assessments
The District will levy a non-ad valorem special assessment on all taxable property within the District, to fund all General Operating and Maintenance Expenditures for the Fiscal Year.

Interest Income
The District will invest surplus funds with the US Bank.

EXPENDITURES:

Administrative:

Supervisor Fees
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year.
FICA Expenses
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.
Engineering
The District's engineer will be providing general engineering services to the District, e.g., attendance and preparation for monthly meetings, reviewing invoices, and various projects assigned as directed by the Board of Supervisors.
Trustee Fees
The District issued Series 2006 Special Assessment Bonds that are administered by a Trustee at USBank.
Dissemination
The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b) (5) which relates to additional reporting requirements for unrated bond issues.

Arbitrage
The District has contracted with an independent certified public accountant to annually calculate the District's Arbitrage Rebate Liability on the Series 2006 Special Assessment Bonds. The District has an agreement with Grau & Associates for this service.
Assessment Roll
Governmental Management Services - Central Florida, LLC serves as the District's collection agent and certifies the District's non-ad valorem assessments with the county tax collector.
Attorney
The District's legal counsel will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, etc.
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 an agreement with Grau & Associates for this service.
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services - Central Florida, LLC.
Computer Time
The District processes all of its financial activities, i.e., accounts payable, financial statements, etc. on a mainframe computer leased by Governmental Management Services - Central Florida, LLC.
Telephone
Telephone and fax machine.
Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.
Printing & Binding
Printing and	Binding agenda packages for  board meetings,	printing of computerized checks, stationary, envelopes etc.

Insurance
The District's General Liability & Public Officials  Liability  Insurance policy is with Preferred Governmental Insurance Trust. The Preferred Governmental Insurance Trust Inc. 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 a newspaper of general circulation.
Other Current Charges
Bank charges and any other miscellaneous expenses that are 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 Economic Opportunity for $175. This is the only expense under this category for the District.
MAINTENANCE:
Common Area Irrigation
To record the cost of irrigation charges to the common area. The District has the following accounts with Bay Laurel Center COD.

Description	Address	Monthly	Annually	
LS1600 IRR	8250 SW 79th Terrace Road	$2,000	$24,000	
MED80TH	80th Terrace Median		$1,000	
TOTAL			$25,000	

Electric Expense
To record the electric cost of street lighting. The District has the following account with Sumter Electric Cooperative, Inc. (SECO).

Description Street Lighting TOTAL

Retention Ponds

Turf Maintenance

Monthly	Annually
$1,000	$12,000
$12,000

A.  Turf areas unless otherwise specified will be  mowed on a weekly basis  in the growing season (April through October). During months not specified in the growing  season  (November  through  March)  the  turf will be mowed at least twice a month unless abnormal conditions arise. Typical yearly mowing schedules will allow for 38 mowings per year.

Edging I String Trimming

A. Edging		of   all  hard  edges:	Sidewalks,	Driveways,		Curb lines etc. adjacent to maintained property will be  edged  on  a  weekly  basis  during	the	growing	season		in	conjunction   with	the	maintenance schedule. All storm water culverts will be string trimmed on a  weekly basis during the growing season in conjunction with the maintenance schedule to ensure vegetation will not obstruct discharge culvert area. Edging of all  landscape  beds will be done on a weekly basis to provide  a crisp edge. Retention ponds with beds areas will be edged using mechanical equipment such as an edger, string trimmer. Herbicidal edging is will not be acceptable.  Bed lines will be edged with  the intent  to keep the same original design and will be enlarged if plant material growth warrants.

Bed Maintenance

A. Beds are to be free of weeds, trash and other debris at all times. Pre­ emergent and post-herbicidal applications may be used to help control weed growth but hand weeding will be done "as needed."

Mulch

A. Pine Straw mulch will be added once per year in landscape bed areas.

Tree Maintenance, Pruning and Fertilization

A. Tree staking materials will be adjusted, tightened or removed to ensure proper growth.

Description	Monthly	Annually	
Grass & Grounds, Inc.	$2,571	$30,846	
Contingency		$22,162	
TOTAL		$53,008	

ROW Maintenance

Turf Fertilization

A. St. Augustine Turf will be fertilized (3) times a year.

Turf Maintenance

A. Turf areas unless otherwise specified will be mowed on a weekly basis in the growing season (April through October). During months not specified in the growing season (November through March) the turf will be mowed at least twice a month unless abnormal c' onditions arise.

Edging I String Trimming

A.  Edging  of  all hard edges:	Sidewalks,	Driveways,	Curb lines etc. adjacent to maintained property will be edged on a weekly basis during	the	growing	season		in	conjunction	with  the	maintenance schedule. All storm water culverts will be string trimmed on a weekly basis during the growing season in conjunction with the maintenance schedule to ensure vegetation will not obstruct discharge culvert area. Edging of all landscape beds will be done on a weekly basis to provide a crisp edge. Retention ponds with beds areas will be edged using mechanical equipment such as an edger, string trimmer. Herbicidal edging is will not be acceptable. Bed lines will be edged with the intent to keep the same original design and will be enlarged if plant material growth warrants.

Bed Maintenance

A. Beds are to be free of weeds, trash and other debris at all times. Pre­ emergent and post-herbicidal applications may be used to help control weed growth but hand weeding will be done "as needed."

Mulch

A. Pine Straw mulch will be added twice per year in landscape bed areas.

Tree Maintenance, Pruning and Fertilization

A. Tree staking materials will be adjusted, tightened or removed to ensure proper growth.

Description	Monthly	Annually	
Grass & Grounds, Inc.	$2,686	$32,230	
Everglades Pine Straw, Inc.		$19,727	
Contingency		$6,355	
TOTAL		$58,311	

Plant Replacement
Estimated cost to replace damaged plants within the District.

Tree Trimming
Estimated cost for tree trimming within the District.

Operating Reserves
Operating Reserve being established to pay expenditures of the District prior to receiving operating funds.

Indigo East
Community Development District
Debt  Service Fund

Description Revenues
Carry Forward Surplus Assessments- Tax Roll Prepayments

Adopted		Actual	Projected		Total Budget			Thru		Next		Thru FY2012	7/31/12	2 Months	9/30/12

$97,187	$116,159	$0	$116,159
$161,821	$159,918	$1,903	$161,821

$65

$0	$6,986	$0	$6,986

Adopted Budget FY2013

$117,303
$158,719
$0

Interest Income

$200	$141

$206

$200

!Total Revenues
Expenditures	$259,208	$283,204	$1,968	$285,172	$276,222 I	
Interest - 11/1	$60,223	$59,814	$0	$59,814	$58,588	

Transfer Out	$0	$3,787	$0	$3,787	$0	
!Total Expenditures	$160,445	$167,869	$0	$167,869	$167,1751	
<lllExcess Revenues	$98,763	$115,335	$1,968	$117,303	$109,0471	
	Nov 1, 2013	$	57,361	
	Net Assessments	$158,719	
	Discounts & Collections (6%)	$10,131	
	Gross Assessments	$168,850	
	Total Units	307	
	Assessments per Unit	$550	

Principal - 5/1 Interest - 5/1 Special Call 11/1 Special Call 5/1

$40,000	$20,000	$0	$20,000
$60,223	$59,269	$0	$59,269
$0	$20,000	$0	$20,000
$0	$5,000	$0	$5,000

$45,000
$58,588
$5,000
$0

(1) Excess Revenues will be utilized to pay November 1 semi-annual interest payment.

Indigo East
Communit� DeveloQment District
Series 2006 Special Assessment Bonds
AMORTIZATION SCHEDULE
DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL
11/01/12	$	2,150,000.00	5.45%	$	$	58,587.50	$	58,587.50
05/01/13	$	2,150,000.00	5.45%	$	45,000.00	$	58,587.50
11/01/13	$	2,105,000.00	5.45%	$	$	57,361.25	$ 160,948.75
05/01/14	$	2,105,000.00	5.45%	$	45,000.00	$	57,361.25
11/01/14	$	2,060,000.00	5.45%	$	$	56,135.00	$ 158,496.25
05/01/15	$	2,060,000.00	5.45%	$	45,000.00	$	56,135.00
11/01/15	$	2,015,000.00	5.45%	$	$	54,908.75	$ 156,043.75
05/01/16	$	2,015,000.00	5.45%	$	50,000.00	$	54,908.75
11/01/16	$	1,965,000.00	5.45%	$	$	53,546.25	$ 158,455.00
05/01/17	$	1,965,000.00	5.45%	$	50,000.00	$	53,546.25
11/01/17	$	1,915,000.00	5.45%	$	$	52,183.75	$ 155,730.00
05/01/18	$	1,915,000.00	5.45%	$	55,000.00	$	52,183.75
11/01/18	$	1,860,000.00	5.45%	$	$	50,685.00	$ 157,868.75
05/01/19	$	1,860,000.00	5.45%	$	60,000.00	$	50,685.00
11/01/19	$	1,800,000.00	5.45%	$	$	49,050.00	$ 159,735.00
05/01/20	$	1,800,000.00	5.45%	$	60,000.00	$	49,050.00
11/01/20	$	1,740,000.00	5.45%	$	$	47,415.00	$ 156,465.00
05/01/21	$	1,740,000.00	5.45%	$	65,000.00	$	47,415.00
11/01/21	$	1,675,000.00	5.45%	$	$	45,643.75	$ 158,058.75
05/01/22	$	1,675,000.00	5.45%	$	70,000.00	$	45,643.75
11/01/22	$	1,605,000.00	5.45%	$	$	43,736.25	$ 159,380.00
05/01/23	$	1,605,000.00	5.45%	$	70,000.00	$	43,736.25
11/01/23	$	1,535,000.00	5.45%	$	$	41,828.75	$ 155,565.00
05/01/24	$	1,535,000.00	5.45%	$	75,000.00	$	41,828.75
11/01/24	$	1,460,000.00	5.45%	$	$	39,785.00	$ 156,613.75
05/01/25	$	1,460,000.00	5.45%	$	80,000.00	$	39,785.00
11/01/25	$	1,380,000.00	5.45%	$	$	37,605.00	$ 157,390.00
05/01/26	$	1,380,000.00	5.45%	$	85,000.00	$	37,605.00
11/01/26	$	1,295,000.00	5.45%	$	$	35,288.75	$ 157,893.75
05/01/27	$	1,295,000.00	5.45%	$	90,000.00	$	35,288.75
11/01/27	$	1,205,000.00	5.45%	$	$	32,836.25	$ 158,125.00
05/01/28	$	1,205,000.00	5.45%	$	95,000.00	$	32,836.25
11/01/28	$	1,110,000.00	5.45%	$	$	30,247.50	$ 158,083.75
05/01/29	$	1,110,000.00	5.45%	$	100,000.00	$	30,247.50
11/01/29	$	1,010,000.00	5.45%	$	$	27,522.50	$ 157,770.00
05/01/30	$	1,010,000.00	5.45%	$	105,000.00	$	27,522.50
11/01/30	$	905,000.00	5.45%	$	$	24,661.25	$ 157,183.75
05/01/31	$	905,000.00	5.45%	$	110,000.00	$	24,661.25
11/01/31	$	795,000.00	5.45%	$	$	21,663.75	$ 156,325.00
05/01/32	$	795,000.00	5.45%	$	115,000.00	$	21,663.75
11/01/32	$	680,000.00	5.45%	$	$	18,530.00	$ 155,193.75
05/01/33	$	680,000.00	5.45%	$	120,000.00	$	18,530.00
11/01/33	$	560,000.00	5.45%	$	$	15,260.00	$ 153,790.00
05/01/34	$	560,000.00	5.45%	$	130,000.00	$	15,260.00
11/01/34	$	430,000.00	5.45%	$	$	11,717.50	$ 156,977.50
05/01/35	$	430,000.00	5.45%	$	135,000.00	$	11,717.50
11/01/35	$	295,000.00	5.45%	$	$	8,038.75	$ 154,756.25
05/01/36	$	295,000.00	5.45%	$	145,000.00	$	8,038.75
11/01/36	$	150,000.00	5.45%	$	$	4,087.50	$  157,126.25
05/01/37	$	150,000.00	5.45%	$	150,000.00	$	4,087.50	$  154,087.50
$  2,150,000.00	$	1,836,650.00	$3,986,650.00 I