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Indigo East
Community Development District
Adopted Budget
FY 2014

Table of Contents

1-9	General Fund

10	Capital  Projects Fund

11-12	Debt Service Fund

Indigo East
COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND

DESCRIPTION
REVENUES:

ADOPTED BUDGET FY2013

ACTUAL THRU 7/31/13

PROJECTED NEXT
2 MONTHS

TOTAL AS OF 9/30/13

ADOPTED BUDGET FY2014

MAINTENANCE ASSESSMENTS INTEREST

!TOTAL  REVENUES
EXPENDITURES:

$249,341

$249,392

ADMINISTRATIVE:

$5291924 I

$2481630

CARRY FORWARD SURPLUS

$248,330	$249,047	$0
$300	$294	$51
$0	$0	$0

$249,047	$195,929
$345	$300

$92

$0	$333,695

SUPERVISOR FEE

$4,000	$2,000	$1,000

$3,000	$4,000

FICA

$306

$77

$168	$306

ENGINEERING TRUSTEE FEES
DISSEMINATION
ARBITRAGE ASSESSMENT ROLL
ATTORNEY ANNUAL AUDIT MANAGER
COMPUTER TIME TELEPHONE POSTAGE
PRINTING & BINDING INSURANCE
LEGAL ADVERTISING OTHER CURRENT CHARGES
OFFICE SUPPLIES DUES,LICENSES,SUBSCR.

!TOTAL ADMINISTRATIVE

MAINTENANCE:
COMMON AREA IRRIGATION ELECTRIC EXPENSE RETENTION PONDS
ROW MAINTENANCE
PLANT REPLACEMENT TREE TRIMMING TRANSFER OUT

I TOTAL MAINTENANCE
!TOTAL EXPENDITURES
!EXCESS REVENUES (EXPENDITURES)

Discounts

$1,200	$483	$0
$2,000	$1,751	$0
$2,000	$2,100	$100
$600	$0	$600
$5,000	$5,000	$0
$6,000	$3,000	$1,500
$4,100	$4,100	$0
$6,627	$5,523	$1,104

$25

$1,000	$833	$167
$200	$0
$600	$314	$136
$600	$252	$98
$6,100	$5,750	$0
$1,000	$362	$138
$900	$642	$73
$500	$67	$33
$175	$175	$0
$42,908	$32,443	$5,050

$25,000	$17,535	$5,465
$12,000	$7,975	$2,698
$53,008	$33,492	$7,712
$58,312	$33,317	$8,057
$2,000	$2,029	$0
$3,000	$0	$1,500
$0	$0	$0
$153,320	$94,349	$25,432

$301482

$196,228	$126i792
$52,402	$122,549	($30,431)
FY2011	FY2012
Net Assessments	$248,330	$248,330

& Collections (6%)	$15,851	$15,851 Gross Assessments	$264,181	$264,181
Total Units	705	705

$483	$1,200
$1,751	$2,000
$2,200	$2,000

$600	$600
$5,000	$5,000
$4,500	$6,000
$4,100	$4,100
$6,627	$6,828
$1,000	$1,000
$100

$5,750	$600

$350	$600

$715	$900

$500	$6,100

$100

$900
$500
$175
$37,493	$42,909 !

$23,000	$25,000
$10,673	$12,000
$41,204	$53,008
$41,375	$58,312
$2,029	$2,000
$1,500	$3,000
$0	$333,695
$119,781	$487,015 I
$1571274	$5291924 !

$921118

$0 I
FY2013	FY2014
$248,330	$195,929
$15,851	$12,506
$264,181	$208,435
705	705

Assessments per Unit	$375	$375	$375	$296

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 2013	$303,735	
Estimated Excess Revenues - Fiscal Year 2013	$92,118	
Total Estimated Funds Available - 09/30/13	$395,853	

$333,695

$395,853
 	
$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

$83

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

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 conditions 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		$6,356	
TOTAL		$58,312	

Plant Replacement
Estimated cost to replace damaged plants within the District.
Tree Trimming
Estimated cost for tree trimming within the District.

COMMUNITY DEVELOPMENT DISTRICT CAPITAL PROJECTS FUND

	ADOPTED	ACTUAL	PROJECTED	TOTAL		ADOPTED	
Description	BUDGET
FY2013	THRU
7/31/13	2 NEXT
MONTHS	THRU
9/30/13		BUDGET
FY2014	
REVENUES							
Transfer In	$0		$0	$0		$0	$333,695	
!Total Revenues	$0		$0	$0		$0	$333,6951	
EXPENDITURES							
Capital Outlay	$0		$0	$0		$0	$116,666	
!Total Expenditures	$0		$0	$0		$0	$116,6661	
!Excess Revenues	$0		$0	$0		$0	$217,029 I	

COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND

ADOPTED

Description
REVENUES

BUDGET

ACTUAL

FY2013

7/31/13

THRU

PROJECTED

2 MONTHS

NEXT

TOTAL

ADOPTED

9/30/13

THRU

BUDGET

FY2014

Carry Forward Surplus Assessments-Tax Roll Prepayments

$117,303	$117,182	$0	$117,182
$158,719	$159,329	$0	$159,329

$3

$0	$13,698	$0	$13,698

$118,250
$157,685
$0

Interest Income

$200	$77

$80

$200

Total Revenues

$276,222

$290,286

$3

$290,289

$276,135

EXPENDITURES

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

!Total Expenditures

$5,000	$5,000	$0	$5,000
$58,588	$58,588	$0	$58,588
$45,000	$45,000	$0	$45,000
$58,588	$58,451	$0	$58,451
$0	$10,000	$0	$10,000
$162,175	$172,039	$0	$172,039

$10,000
$56,953
$45,000
$56,953
$0
$158,9051

(l) Excess Revenues

$114,047	$118,247

$118,250

$3

Nov 1, 2014

Net Assessments Discounts & Collections (6%)
Gross Assessments

Total Units Assessments per Unit

$117,230
$	55,726

$157,685
$10,065
$167,750

305

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

Community  Develogment District
Series 2006 Special Assessment Bonds
AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	
11/01/13	$	2,090,000.00	5.45%	$	$	56,952.50	
05/01/14	$	2,090,000.00	5.45%	$	45,000.00	$	56,952.50	
11/01/14	$	2,045,000.00	5.45%	$	$	55,726.25	
05/01/15	$	2,045,000.00	5.45%	$	45,000.00	$	55,726.25	
11/01/15	$	2,000,000.00	5.45%	$	$	54,500.00	
05/01/16	$	2,000,000.00	5.45%	$	50,000.00	$	54,500.00	
11/01/16	$	1,950,000.00	5.45%	$	$	53,137.50	
05/01/17	$	1,950,000.00	5.45%	$	50,000.00	$	53,137.50	
11/01/17	$	1,900,000.00	5.45%	$	$	51,775.00	
05/01/18	$	1,900,000.00	5.45%	$	55,000.00	$	51,775.00	
11/01/18	$	1,845,000.00	5.45%	$	$	50,276.25	
05/01/19	$	1,845,000.00	5.45%	$	55,000.00	$	50,276.25	
11/01/19	$	1,790,000.00	5.45%	$	$	48,777.50	
05/01/20	$	1,790,000.00	5.45%	$	60,000.00	$	48,777.50	
11/01/20	$	1,730,000.00	5.45%	$	$	47,142.50	
05/01/21	$	1,730,000.00	5.45%	$	65,000.00	$	47,142.50	
11/01/21	$	1,665,000.00	5.45%	$	$	45,371.25	
05/01/22	$	1,665,000.00	5.45%	$	65,000.00	$	45,371.25	
11/01/22	$	1,600,000.00	5.45%	$	$	43,600.00	
05/01/23	$	1,600,000.00	5.45%	$	70,000.00	$	43,600.00	
11/01/23	$	1,530,000.00	5.45%	$	$	41,692.50	
05/01/24	$	1,530,000.00	5.45%	$	75,000.00	$	41,692.50	
11/01/24	$	1,455,000.00	5.45%	$	$	39,648.75	
05/01/25	$	1,455,000.00	5.45%	$	80,000.00	$	39,648.75	
11/01/25	$	1,375,000.00	5.45%	$	$	37,468.75	
05/01/26	$	1,375,000.00	5.45%	$	85,000.00	$	37,468.75	
11/01/26
05/01/27	$	1,290,000.00
$	1,290,000.00	5.45%
5.45%	$	$	35,152.50
$	90,000.00	$	35,152.50	
11/01/27	$	1,200,000.00	5.45%	$	$	32,700.00	
05/01/28	$	1,200,000.00	5.45%	$	90,000.00	$	32,700.00	
11/01/28	$	1,110,000.00	5.45%	$	$	30,247.50	
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	
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	
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	
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	
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	
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	
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	
05/01/36	$	295,000.00	5.45%	$	145,000.00	$	8,038.75	
05/01/37	$	150,000.00	5.45%	$	150,000.00	$	4,087.50	
			$ 2,090,000.00	$	1,711,300.00	

TOTAL
$	56,952.50
$ 157,678.75
$ 155,226.25
$ 157,637.50
$ 154,912.50
$ 157,051. 25
$ 154,053.75
$ 155,920.00
$ 157,513.75
$ 153,971.25
$ 155,292.50
$ 156,341.25
$ 157,117.50
$ 157,621.25
$ 157,852.50
$ 152,947.50
$ 157,770.00
$ 157,183.75
$ 156,325.00
$ 155,193.75
$ 153,790.00
$ 156,977.50
$ 154,756.25
11/01/36	$	150,000.00	5.45%	$	$	4,087.50	$ 157,126.25
$ 154,087.50
$3,801,300.00 1