1

Triple Creek

Community Development District

http://triplecreekcdd.com

Adopted Budget for Fiscal Year 2018/2019

Presented by: Rizzetta & Company, Inc.

9428 Camden Field Parkway
Riverview, Florida 33578
Phone: 813-533-2950

rizzetta.com

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Table of Contents

	Page	
			
General Fund Budget Account Category Descriptions	3	
Reserve Fund Budget Account Category Descriptions	9	
Debt Service Fund Budget Account Category Descriptions	10	
General Fund Budget for Fiscal Year 2018/2019	11	
Reserve Fund for Fiscal Year 2018/2019	13	
Debt Service Fund Budget for Fiscal Year 2018/2019	14	
Assessments Charts for Fiscal Year 2018/2019	15	

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GENERAL FUND BUDGET
ACCOUNT CATEGORY DESCRIPTION

The General Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all General Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Interest Earnings: The District may earn interest on its monies in the various operating accounts.

Tax Roll: The District levies Non-Ad Valorem Special 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.

Off Roll: For lands not on the tax roll and that is by way of a direct bill from the District to the appropriate property owner.

Developer Contributions: The District may enter into a funding agreement and receive certain prescribed dollars from the Developer to off-set expenditures of the District.

Event Rental: The District may receive monies for event rentals for such things as weddings, birthday parties, etc.

Miscellaneous Revenues: The District may receive monies for the sale or provision of electronic access cards, entry decals etc.

Facilities Rentals: The District may receive monies for the rental of certain facilities by outside sources, for such items as office space, snack bar/restaurants etc.

EXPENDITURES – ADMINISTRATIVE:

Supervisor Fees: The District may compensate its supervisors within the appropriate statutory limits of $200.00 maximum per meeting within an annual cap of $4,800.00 per supervisor.

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Administrative Services: The District will incur expenditures for the day to today operation of District matters. These services include support for the District Management function, recording and preparation of meeting minutes, records retention and maintenance in accordance with Chapter 119, Florida Statutes, and the District’s adopted Rules of Procedure, preparation and delivery of agenda, overnight deliveries, facsimiles and phone calls.

District Management: The District as required by statute, will contract with a firm to provide for management and administration of the District’s day to day needs. These service include the conducting of board meetings, workshops, overall administration of District functions, all required state and local filings, preparation of annual budget, purchasing, risk management, preparing various resolutions and all other secretarial duties requested by the District throughout the year is also reflected in this amount.

District Engineer: 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.

Disclosure Report: 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.

Trustee’s Fees: The District will incur annual trustee’s fees upon the issuance of bonds for the oversight of the various accounts relating to the bond issues.

Assessment Roll: The District will contract with a firm to maintain the assessment roll and annually levy a Non-Ad Valorem assessment for operating and debt service expenses.

Financial & Revenue Collections: Services include all functions necessary for the timely billing and collection and reporting of District assessments in order to ensure adequate funds to meet the District’s debt service and operations and maintenance obligations. These services include, but are not limited to, assessment roll preparation and certification, direct billings and funding request processing as well as responding to property owner questions regarding District assessments. This line item also includes the fees incurred for a Collection Agent to collect the funds for the principal and interest payment for its short-term bond issues and any other bond related collection needs. These funds are collected as prescribed in the Trust Indenture. The Collection Agent also provides for the release of liens on property after the full collection of bond debt levied on particular properties.

Accounting Services: Services include the preparation and delivery of the District’s financial statements in accordance with Governmental Accounting Standards, accounts payable and accounts receivable functions, asset tracking, investment tracking, capital program administration and requisition processing, filing of annual reports required by the State of Florida and monitoring of trust account activity.

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.

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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.

Travel: Each Board Supervisor and the District Staff are entitled to reimbursement for travel expenses per Florida Statutes 190.006(8).

Public Officials Liability Insurance: The District will incur expenditures for public officials’ liability insurance for the Board and Staff.

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

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

Dues, Licenses & Fees: The District is required to pay an annual fee to the Department of Economic Opportunity, along with other items which may require licenses or permits, etc.

Miscellaneous Fees: The District could incur miscellaneous throughout the year, which may not fit into any standard categories.

Website Hosting, Maintenance and Email: The District may incur fees as they relate to the development and ongoing maintenance of its own website along with possible email services if requested.

District Counsel: 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.

EXPENDITURES - FIELD OPERATIONS:

Deputy Services: The District may wish to contract with the local police agency to provide security for the District.

Security Services and Patrols: The District may wish to contract with a private company to provide security for the District.

Electric Utility Services: The District will incur electric utility expenditures for general purposes such as irrigation timers, lift station pumps, fountains, etc.

Street Lights: The District may have expenditures relating to street lights throughout the community. These may be restricted to main arterial roads or in some cases to all street lights within the District’s boundaries.

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Utility - Recreation Facility: The District may budget separately for its recreation and or amenity electric separately.

Gas Utility Services: The District may incur gas utility expenditures related to district operations at its facilities such as pool heat etc.

Garbage - Recreation Facility: The District will incur expenditures related to the removal of garbage and solid waste.

Solid Waste Assessment Fee: The District may have an assessment levied by another local government for solid waste, etc.

Water-Sewer Utility Services: The District will incur water/sewer utility expenditures related to district operations.

Utility - Reclaimed: The District may incur expenses related to the use of reclaimed water for irrigation.

Aquatic Maintenance: Expenses related to the care and maintenance of the lakes and ponds for the control of nuisance plant and algae species.

Fountain Service Repairs & Maintenance: The District may incur expenses related to maintaining the fountains within throughout the Parks & Recreational areas

Lake/Pond Bank Maintenance: The District may incur expenditures to maintain lake banks, etc. for the ponds and lakes within the District’s boundaries, along with planting of beneficial aquatic plants, stocking of fish, mowing and landscaping of the banks as the District determines necessary.

Wetland Monitoring & Maintenance: The District may be required to provide for certain types of monitoring and maintenance activities for various wetlands and waterways by other governmental entities.

Mitigation Area Monitoring & Maintenance: The District may be required to provide for certain types of monitoring and maintenance activities for various mitigation areas by other governmental entities.

Aquatic Plant Replacement: The expenses related to replacing beneficial aquatic plants, which may or may not have been required by other governmental entities.

General Liability Insurance: The District will incur fees to insure items owned by the District for its general liability needs

Property Insurance: The District will incur fees to insure items owned by the District for its property needs

Entry and Walls Maintenance: The District will incur expenditures to maintain the entry monuments and the fencing.

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Landscape Maintenance: The District will incur expenditures 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.

Irrigation Maintenance: The District will incur expenditures related to the maintenance of the irrigation systems.

Irrigation Repairs: The District will incur expenditures related to repairs of the irrigation systems.

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

Field Services: The District may contract for field management services to provide landscape maintenance oversight.

Miscellaneous Fees: The District may incur miscellaneous expenses that do not readily fit into defined categories in field operations.

Gate Phone: The District will incur telephone expenses if the District has gates that are to be opened and closed.

Street/Parking Lot Sweeping: The District may incur expenses related to street sweeping for roadways it owns or are owned by another governmental entity, for which it elects to maintain.

Gate Facility Maintenance: Expenses related to the ongoing repairs and maintenance of gates owned by the District if any.

Sidewalk Repair & Maintenance: Expenses related to sidewalks located in the right of way of streets the District may own if any.

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

Employees - Salaries: The District may incur expenses for employees/staff members needed for the recreational facilities such as Clubhouse Staff.

Employees - P/R Taxes: This is the employer’s portion of employment taxes such as FICA etc.

Employee - Workers’ Comp: Fees related to obtaining workers compensation insurance.

Management Contract: The District may contract with a firm to provide for the oversight of its recreation facilities.

Maintenance & Repair: The District may incur expenses to maintain its recreation facilities.

Facility Supplies: The District may have facilities that required various supplies to operate.

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Gate Maintenance & Repairs: Any ongoing gate repairs and maintenance would be included in this line item.

Telephone, Fax, Internet: The District may incur telephone, fax and internet expenses related to the recreational facilities.

Office Supplies: The District may have an office in its facilities which require various office related supplies.

Clubhouse - Facility Janitorial Service: Expenses related to the cleaning of the facility and related supplies.

Pool Service Contract: Expenses related to the maintenance of swimming pools and other water features.

Pool Repairs: Expenses related to the repair of swimming pools and other water features.

Security System Monitoring & Maintenance: The District may wish to install a security system for the clubhouse

Clubhouse Miscellaneous Expense: Expenses which may not fit into a defined category in this section of the budget

Athletic/Park Court/Field Repairs: Expense related to any facilities such as tennis, basketball etc.

Trail/Bike Path Maintenance: Expenses related to various types of trail or pathway systems the District may own, from hard surface to natural surfaces.

Special Events: Expenses related to functions such as holiday events for the public enjoyment

Miscellaneous Fees: Monies collected and allocated for fees that the District could incur throughout the year, which may not fit into any standard categories.

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

Capital Outlay: Monies collected and allocated for various projects as they relate to public improvements.

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RESERVE FUND BUDGET
ACCOUNT CATEGORY DESCRIPTION

The Reserve Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all Reserve Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Tax Roll: The District levies Non-Ad Valorem Special 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.

Off Roll: For lands not on the tax roll and that is by way of a direct bill from the District to the appropriate property owner.

Developer Contributions: The District may enter into a funding agreement and receive certain prescribed dollars from the Developer to off-set expenditures of the District.

Miscellaneous Revenues: The District may receive monies for the sale or provision of electronic access cards, entry decals etc.

EXPENDITURES:

Capital Reserve: Monies collected and allocated for the future repair and replacement of various capital improvements such as club facilities, swimming pools, athletic courts, roads, etc.

Capital Outlay: Monies collected and allocated for various projects as they relate to public improvements.

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DEBT SERVICE FUND BUDGET
ACCOUNT CATEGORY DESCRIPTION

The Debt Service Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all Debt Service Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Special Assessments: The District may levy special assessments to repay the debt incurred by the sale of bonds to raise working capital for certain public improvements. The assessments may be collected in the same fashion as described in the Operations and Maintenance Assessments.

EXPENDITURES – ADMINISTRATIVE:

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

Debt Service Obligation: This would a combination of the principal and interest payment to satisfy the annual repayment of the bond issue debt.

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Adopted Budget

Triple Creek Community Development District

General Fund

Fiscal Year 2018/2019

Chart of Accounts Classification		Budget for		
		2018/2019		

REVENUES				
				
Special Assessments				
Tax Roll	$	348,520		
Off Roll	$	294,015		
Developer Contributions	$	795,075		
				
TOTAL REVENUES	$	1,437,610		
				
TOTAL REVENUES AND BALANCE FORWARD	$	1,437,610		

EXPENDITURES - ADMINISTRATIVE				
				
Legislative				
Supervisor Fees	$	12,000		
Financial & Administrative				
Administrative Services	$	4,500		
District Management	$	18,400		
District Engineer	$	30,000		
Disclosure Report	$	10,000		
Trustees Fees	$	12,000		
Assessment Roll	$	5,000		
Financial & Revenue Collections	$	3,600		
Accounting Services	$	15,360		
Auditing Services	$	3,310		
Arbitrage Rebate Calculation	$	1,000		
Travel	$	1,000		
Public Officials Liability Insurance	$	2,750		
Legal Advertising	$	4,000		
Dues, Licenses & Fees	$	175		
Website Hosting, Maintenance, Backup (and Email)	$	840		
Legal Counsel				
District Counsel	$	75,000		
				
Administrative Subtotal	$	198,935		
				
EXPENDITURES - FIELD OPERATIONS				
				
Security Operations				
Security Services- Amenity Center Monitoring	$	18,000		
Electric Utility Services				
Utility Services	$	12,000		
Street Lights	$	120,000		
Utility - Recreation Facilities	$	16,000		
Garbage/Solid Waste Control Services				
Garbage - Recreation Facility	$	1,600		
Water-Sewer Combination Services				
Utility Services	$	8,000		
Stormwater Control				
Aquatic Maintenance	$	50,000		
Lake/Pond Bank Maintenance	$	10,000		
Wetland Monitoring & Maintenance	$	13,500		
Other Physical Environment				
General Liability Insurance	$	5,175		
Property Insurance	$	10,000		
Entry & Walls Maintenance	$	2,500		
Landscape Maintenance	$	500,000		
Holiday Decorations	$	10,000		
Irrigation Repairs	$	50,000		
Landscape - Mulch	$	50,000		
Pump Station Monitoring	$	5,000		
Landscape Replacement Plants, Shrubs, Trees	$	60,000		
Landscape- Annuals	$	30,000		
Field Services	$	7,800		
Fire Ant Treatment	$	20,000		
Road & Street Facilities				
Sidewalk Repair & Maintenance	$	5,000		
Parks & Recreation				
Management Contract	$	105,000		

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Adopted Budget

Triple Creek Community Development District

General Fund

Fiscal Year 2018/2019

Chart of Accounts Classification		Budget for		
		2018/2019		

Pool Permits	$	1,000		
Maintenance & Repair	$	15,000		
Facility Supplies	$	5,000		
Computer Support, Maintenance & Repair	$	500		
Fitness Equipment Maintenance & Repairs	$	5,000		
Clubhouse - Facility Janitorial Service	$	7,500		
Pool Service Contract	$	21,000		
Pool Repairs	$	5,000		
Facility A/C & Heating Maintenance & Repair	$	5,000		
Telephone Fax, Internet	$	5,000		
Office Supplies	$	500		
Furniture Repair/Replacement	$	1,000		
Playground Equipment and Maintenance	$	1,000		
Pest Control	$	1,800		
Athletic/Park Court/Field Repairs	$	1,000		
Boardwalk and Bridge Maintenance	$	5,000		
Wildlife Management Services	$	16,800		
Clubhouse Miscellaneous Expense	$	2,000		
Trail/Bike Path Maintenance	$	5,000		
Dog Waste Station Supplies	$	5,000		
Contingency				
Miscellaneous Contingency	$	20,000		
				
Field Operations Subtotal	$	1,238,675		
				
TOTAL EXPENDITURES	$	1,437,610		

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Adopted Budget

Triple Creek Community Development District

Reserve Fund

Fiscal Year 2018/2019

Chart of Accounts Classification	Budget for		
	2018/2019		

				
REVENUES				
Special Assessments				
Tax Roll	$	35,000		
				
TOTAL REVENUES	$	35,000		
				
TOTAL REVENUES AND BALANCE FORWARD	$	35,000		

EXPENDITURES				
				
Contingency				
Capital Reserves	$	35,000		
				
TOTAL EXPENDITURES	$	35,000		

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Budget Template

Triple Creek Community Development District

Debt Service

Fiscal Year 2018/2019

Chart of Accounts Classification		Series 2012		Series 2017A		Series 2017B		Series 2018		Budget for 2018/2019	
											
REVENUES											
Special Assessments											
Net Special Assessments	$	246,746.90	$	713,733.71	$	362,967.07	$	505,974.00	$	1,829,421.68	
											
TOTAL REVENUES	$	246,746.90	$	713,733.71	$	362,967.07	$	505,974.00	$	1,829,421.68	

EXPENDITURES											
Administrative											
Financial & Administrative											
Bank Fees									$	-	
Debt Service Obligation	$	246,746.90	$	713,733.71	$	362,967.07	$	505,974.00	$	1,323,447.68	
Administrative Subtotal	$	246,746.90	$	713,733.71	$	362,967.07	$	505,974.00	$	1,323,447.68	
											
TOTAL EXPENDITURES	$	246,746.90	$	713,733.71	$	362,967.07	$	505,974.00	$	1,323,447.68	
											
EXCESS OF REVENUES OVER EXPENDITURES	$	-	$	-	$	-	$	-	$	505,974.00	
Hillsborough county Collection (2%) and Early payment Discounts (4%)								6.0%	
Gross assessments									$	1,944,761.56	

Notes:

Tax Roll Collection Costs and Early Payment Discount is 6% of Tax Roll. Budgeted net tax roll assessments. See Assessment Table.

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		Triple Creek Community Development District				
									
	FISCAL YEAR 2018/2019 O&M & DEBT SERVICE ASSESSMENT SCHEDULE				
										
2018/2019 O&M Budget			$677,535.00						
Collection Cost and Early Payment Discount @ 6%	$43,246.91						
2018/2019 Total:			$720,781.91						
2017/2018 O&M Budget			$520,010.00						
2018/2019 O&M Budget			$677,535.00						
Total Difference:									
			$157,525.00						
								
			PER UNIT ANNUAL ASSESSMENT	Proposed Increase / Decrease		
		2017/2018	2018/2019			$	%		
Series 2012 Debt Service - SF 50' (Group 1)	$412.72	$412.72			$0.00	0.00%		
Operations/Maintenance - SF 50' (Group 1)	$500.00	$500.00			$0.00	0.00%		
Total	$912.72	$912.72			$0.00	0.00%		
								
Series 2012 Debt Service - SF 65' (Group 1)	$412.72	$412.72			$0.00	0.00%		
Operations/Maintenance - SF 65' (Group 1)	$500.00	$500.00			$0.00	0.00%		
Total	$912.72	$912.72			$0.00	0.00%		
								
Series 2012 Debt Service - SF 75' (Group 1)	$412.72	$412.72			$0.00	0.00%		
Operations/Maintenance - SF 75' (Group 1)	$500.00	$500.00			$0.00	0.00%		
Total	$912.72	$912.72			$0.00	0.00%		
								
Series 2012 Debt Service - SF 40' (Group 2)	$619.10	$619.10			$0.00	0.00%		
Operations/Maintenance - SF 40' (Group 2)	$500.00	$500.00			$0.00	0.00%		
Total	$1,119.10	$1,119.10			$0.00	0.00%		
								
Series 2012 Debt Service - SF 50' (Group 2)	$619.10	$619.10			$0.00	0.00%		
Operations/Maintenance - SF 50' (Group 2)	$500.00	$500.00			$0.00	0.00%		
Total	$1,119.10	$1,119.10			$0.00	0.00%		
								
Series 2012 Debt Service - SF 60' (Group 2)	$619.10	$619.10			$0.00	0.00%		
Operations/Maintenance - SF 60' (Group 2)	$500.00	$500.00			$0.00	0.00%		
Total	$1,119.10	$1,119.10			$0.00	0.00%		
								
Series 2012 Debt Service - SF 40' (Unsold)	$825.46	$825.46			$0.00	0.00%		
Operations/Maintenance - SF 40' (Unsold)	$500.00	$500.00			$0.00	0.00%		
Total	$1,325.46	$1,325.46			$0.00	0.00%		
								
Series 2012 Debt Service - SF 50' (Unsold)	$825.46	$825.46			$0.00	0.00%		
Operations/Maintenance - SF 50' (Unsold)	$500.00	$500.00			$0.00	0.00%		
Total	$1,325.46	$1,325.46			$0.00	0.00%		
								
Series 2012 Debt Service - SF 60' (Unsold)	$825.46	$825.46			$0.00	0.00%		
Operations/Maintenance - SF 60' (Unsold)	$500.00	$500.00			$0.00	0.00%		
Total	$1,325.46	$1,325.46			$0.00	0.00%		
								
Series 2012 Debt Service - SF 65' (Unsold)	$825.46	$825.46			$0.00	0.00%		
Operations/Maintenance - SF 65' (Unsold)	$500.00	$500.00			$0.00	0.00%		
Total	$1,325.46	$1,325.46			$0.00	0.00%		
								
Series 2012 Debt Service - SF 75' (Unsold)	$825.46	$825.46			$0.00	0.00%		
Operations/Maintenance - SF 75' (Unsold)	$500.00	$500.00			$0.00	0.00%		
Total	$1,325.46	$1,325.46			$0.00	0.00%		

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	Triple Creek Community Development District				
									
	FISCAL YEAR 2018/2019 O&M & DEBT SERVICE ASSESSMENT SCHEDULE				
									
2018/2019 O&M Budget		$677,535.00						
Collection Cost and Early Payment Discount @ 6%		$43,246.91						
2018/2019 Total:		$720,781.91						
2017/2018 O&M Budget		$520,010.00						
2018/2019 O&M Budget		$677,535.00						
Total Difference:								
		$157,525.00						
								
			PER UNIT ANNUAL ASSESSMENT	Proposed Increase / Decrease		
			2017/2018	2018/2019			$	%		
Series 2017A Debt Service - SF 50' (Village E)	$1,250.00	$1,250.00			$0.00	0.00%		
Operations/Maintenance - SF 50' (Village E)	$500.00	$500.00			$0.00	0.00%		
Total	$1,750.00	$1,750.00			$0.00	0.00%		
								
Series 2017A Debt Service - SF 60' (Village E)	$1,458.33	$1,458.33			$0.00	0.00%		
Operations/Maintenance - SF 60' (Village E)	$500.00	$500.00			$0.00	0.00%		
Total	$1,958.33	$1,958.33			$0.00	0.00%		
								
Series 2017A Debt Service - SF 50' (Villages F2 & G1)	$1,250.00	$1,250.00			$0.00	0.00%		
Operations/Maintenance - SF 50' (Villages F2 & G1)	$500.00	$500.00			$0.00	0.00%		
Total	$1,750.00	$1,750.00			$0.00	0.00%		
								
Series 2017A Debt Service - SF 60' (Villages F2 & G1)	$1,562.50	$1,562.50			$0.00	0.00%		
Operations/Maintenance - SF 60' (Villages F2 & G1)	$500.00	$500.00			$0.00	0.00%		
Total	$2,062.50	$2,062.50			$0.00	0.00%		
								
Series 2017A Debt Service - SF 40' (Villages K & L)	$1,250.00	$1,250.00			$0.00	0.00%		
Operations/Maintenance - SF 40' (Villages K & L)	$500.00	$500.00			$0.00	0.00%		
Total	$1,750.00	$1,750.00			$0.00	0.00%		
								
Series 2017A Debt Service - SF 50' (Villages F1, K, & L)	$1,562.50	$1,562.50			$0.00	0.00%		
Operations/Maintenance - SF 50' (Villages F1, K, & L)	$500.00	$500.00			$0.00	0.00%		
Total	$2,062.50	$2,062.50			$0.00	0.00%		
								
Series 2017A Debt Service - SF 60' (Village F1)	$1,875.00	$1,875.00			$0.00	0.00%		
Operations/Maintenance - SF 60' (Village F1)	$500.00	$500.00			$0.00	0.00%		
Total	$2,375.00	$2,375.00			$0.00	0.00%		
											
Series 2018 Debt Service - SF 40' (Villages I & J)	$0.00	$1,250.00			$1,250.00	(1)		
								
Operations/Maintenance - SF 40' (Villages I & J)	$78.90	$500.00			$421.10	533.71%		
Total	$78.90	$1,750.00			$1,671.10	2118.00%		
											
Series 2018 Debt Service - SF 50' (Villages G2, I, & J)	$0.00	$1,562.50			$1,562.50	(1)		
								
Operations/Maintenance - SF 50' (Villages G2, I, & J)	$78.90	$500.00			$421.10	533.71%		
Total	$78.90	$2,062.50			$1,983.60	2514.07%		
											
Series 2018 Debt Service - SF 60' (Villages G2 & J)	$0.00	$1,875.00			$1,875.00	(1)		
								
Operations/Maintenance - SF 60' (Villages G2 & J)	$78.90	$500.00			$421.10	533.71%		
Total	$78.90	$2,375.00			$2,296.10	2910.14%		

17

			Triple Creek Community Development District					
											
		FISCAL YEAR 2018/2019 O&M & DEBT SERVICE ASSESSMENT SCHEDULE					
												
	2018/2019 O&M Budget			$677,535.00							
	Collection Cost and Early Payment Discount @ 6%	$43,246.91							
	2018/2019 Total:			$720,781.91							
	2017/2018 O&M Budget			$520,010.00							
	2018/2019 O&M Budget			$677,535.00							
	Total Difference:										
				$157,525.00							
										
				PER UNIT ANNUAL ASSESSMENT	Proposed Increase / Decrease			
			2017/2018	2018/2019			$	%			
	Debt Service - SF 40' (Unplatted)	$0.00	$0.00			$0.00	0.00%			
	Operations/Maintenance - SF 40' (Unplatted)	$78.90	$102.54			$23.64	29.96%			
	Total	$78.90	$102.54			$23.64	29.96%			
										
	Debt Service - SF 50' (Unplatted)	$0.00	$0.00			$0.00	0.00%			
	Operations/Maintenance - SF 50' (Unplatted)	$78.90	$102.54			$23.64	29.96%			
	Total	$78.90	$102.54			$23.64	29.96%			
										
	Debt Service - SF 60' (Unplatted)	$0.00	$0.00			$0.00	0.00%			
	Operations/Maintenance - SF 60' (Unplatted)	$78.90	$102.54			$23.64	29.96%			
	Total	$78.90	$102.54			$23.64	29.96%			
										
	Debt Service - SF 65' (Unplatted)	$0.00	$0.00			$0.00	0.00%			
	Operations/Maintenance - SF 65' (Unplatted)	$78.90	$102.54			$23.64	29.96%			
	Total	$78.90	$102.54			$23.64	29.96%			
										
	Debt Service - Commercial	$0.00	$0.00			$0.00	0.00%			
	Operations/Maintenance - Commercial	$78.90	$102.54			$23.64	29.96%			
	Total	$78.90	$102.54			$23.64	29.96%			

(1)	Series 2018 bond - First Installment will commence in Fiscal Year 2018-2019.

	TRIPLE CREEK		18		
																						FISCAL YEAR 2018/2019 O&M & DEBT SERVICE ASSESSMENT SCHEDULE																														
																																																							
	TOTAL O&M BUDGET	$198,935.00	TOTAL O&M BUDGET	$478,600.00		
COLLECTION COSTS @	6.0%	$12,697.98	COLLECTION COSTS @	6.0%	$30,548.94			
TOTAL O&M ASSESSMENT	$211,632.98	TOTAL O&M ASSESSMENT	$509,148.94			
																	UNITS ASSESSED																																
																										ALLOCATION OF ADMIN O&M ASSESSMENT						ALLOCATION OF FIELD O&M ASSESSMENT									PER LOT ANNUAL ASSESSMENT						
				LOT SIZE							SERIES 2012		SERIES 2017A		SERIES 2017B		SERIES 2018		ADMIN	% TOTAL		TOTAL		ADMIN			FIELD	% TOTAL		TOTAL		FIELD							SERIES 2012		SERIES 2017A		SERIES 2018						
	DEBT SERVICE (		DEBT SERVICE (1)		DEBT SERVICE (1)		DEBT SERVICE (1)							DEBT SERVICE (2)		DEBT SERVICE (2)		DEBT SERVICE (2)		TOTAL (3)			
			Platted Parcels			O&M													UNITS	EAU's	O&M BUDGET	PER UNIT			UNITS	EAU's	O&M BUDGET	PER UNIT			O&M												

									
USG1-50	Single Family 50' (Group 1)		22			22											22			1.07%			$2,255.78				$102.54				22		1.72%		$8,744.17			$397.46			$500.00	$412.72					$912.72				
USG1-65	Single Family 65' (Group 1)	14		14										14		0.68%		$1,435.50			$102.54			14		1.09%		$5,564.47			$397.46			$500.00	$412.72					$912.72				
USG1-75	Single Family 75' (Group 1)	8		8										8			0.39%		$820.28			$102.54			8		0.62%		$3,179.70			$397.46			$500.00	$412.72					$912.72				
USG2-40	Single Family 40' (Group 2)	26		26										26		1.26%		$2,665.92			$102.54			26		2.03%		$10,334.01			$397.46			$500.00	$619.10					$1,119.10				
USG2-50	Single Family 50' (Group 2)	101		101										101		4.89%		$10,356.07			$102.54			101		7.88%		$40,143.67			$397.46			$500.00	$619.10					$1,119.10				
USG2-60	Single Family 60' (Group 2)	45		45										45		2.18%		$4,614.09			$102.54			45		3.51%		$17,885.79			$397.46			$500.00	$619.10					$1,119.10				
		Single Family 40'	14		14										14		0.68%		$1,435.50			$102.54			14		1.09%		$5,564.47			$397.46			$500.00	$825.46					$1,325.46				
		Single Family 50'	66		66										66		3.20%		$6,767.33			$102.54			66		5.15%		$26,232.50			$397.46			$500.00	$825.46					$1,325.46				
		Single Family 60'	4		4										4			0.19%		$410.14			$102.54			4		0.31%		$1,589.85			$397.46			$500.00	$825.46					$1,325.46				
		Single Family 65'	65		65										65		3.15%		$6,664.80			$102.54			65		5.07%		$25,835.04			$397.46			$500.00	$825.46					$1,325.46				
		Single Family 75'	18		18										18		0.87%		$1,845.64			$102.54			18		1.41%		$7,154.32			$397.46			$500.00	$825.46					$1,325.46				
	Single Family 50' (Village E)	116							116								116		5.62%		$11,894.10			$102.54			116		9.06%		$46,105.60			$397.46			$500.00			$1,250.00			$1,750.00				
	Single Family 60' (Village E)	91							91								91		4.41%		$9,330.72			$102.54			91		7.10%		$36,169.05			$397.46			$500.00			$1,458.33			$1,958.33				
	Single Family 50' (Villages F2, F3 & G1)	135							135								135		6.54%		$13,842.27			$102.54			135		10.54%	$53,657.38			$397.46			$500.00			$1,250.00			$1,750.00				
	Single Family 60' (Villages F2 & G1)	39							39								39		1.89%		$3,998.88			$102.54			39		3.04%		$15,501.02			$397.46			$500.00			$1,562.50			$2,062.50				
	Single Family 40' (Villages K & L)	58							58								58		2.81%		$5,947.05			$102.54			58		4.53%		$23,052.80			$397.46			$500.00			$1,250.00			$1,750.00				
	Single Family 50' (Villages F1, K, & L)	88							88								88		4.26%		$9,023.11			$102.54			88		6.87%		$34,976.66			$397.46			$500.00			$1,562.50			$2,062.50				
	Single Family 60' (Village F1)	22							22								22		1.07%		$2,255.78			$102.54			22		1.72%		$8,744.17			$397.46			$500.00			$1,875.00			$2,375.00				
	Single Family 40' (Villages I & J)	96										96	96		96		4.65%		$9,843.39			$102.54			96		7.49%		$38,156.36			$397.46			$500.00					$1,250.00	$1,750.00				
	Single Family 50' (Villages G2, I, & J)	181										181	181		181		8.77%		$18,558.90			$102.54			181		14.13%	$71,940.64			$397.46			$500.00					$1,562.50	$2,062.50				
	Single Family 60' (Villages G2 & J)	72										72	72		72		3.49%		$7,382.55			$102.54			72		5.62%		$28,617.27			$397.46			$500.00					$1,875.00	$2,375.00				
			Total Platted																																												
				1281				383	549		349	349		1281		62.06%	$131,347.79							1281		100.00%	$509,148.94																					
	Unplatted Parcels		Planned Units								
		Single Family 40'	43																43		2.08%		$4,409.02			$102.54			0		0.00%		$0.00			$0.00			$102.54							$102.54				
		Single Family 50'	474																474		22.97%	$48,601.76			$102.54			0		0.00%		$0.00			$0.00			$102.54							$102.54				
		Single Family 60'	174																174		8.43%		$17,841.15			$102.54			0		0.00%		$0.00			$0.00			$102.54							$102.54				
		Single Family 65'	73																73		3.54%		$7,485.08			$102.54			0		0.00%		$0.00			$0.00			$102.54							$102.54				
			Commercial	19				1K sq Ft										19		0.92%		$1,948.17			$102.54			0		0.00%		$0.00			$0.00			$102.54							$102.54				
		Total Unplatted																																											
			783					0	0		0	0		783		37.94%	$80,285.19							0		0.00%	$0.00																					
	Total Community																																											
		2064				383	549		349	349		2064		100.00%	$211,632.98							1281		100.00%	$509,148.94																					
	LESS: Hillsborough County Collection Costs (2%) and Early Payment Discount (4%)														($12,697.98)													($30,548.94)																					
										
Net Revenue to be Collected		$198,935.00				$478,600.00				

(1)	Reflects the number of total lots with Series 2012, Series 2017A and Series 2018A debt outstanding.

(2)	Annual debt service assessment per lot adopted in connection with the Series 2012, Series 2017A and Series 2018 bond issue. Annual assessment includes principal, interest, Hillsborough County collection costs and early payment discount costs.

(3)	Annual assessment that will appear on November 2018 Hillsborough County property tax bill. Amount shown includes all applicable collection costs. Property owner is eligible for a discount of up to 4% if paid early.