Triple Creek

Community Development District

triplecreekcdd.com

Adopted Budget for Fiscal Year 2017/2018

Presented by: Rizzetta & Company, Inc.

12750 Citrus Park Lane, Suite 115
Tampa, Florida 33625
813-933-5571

rizzetta.com

Professionals in Community Management

Adopted Budget

Triple Creek Community Development District

General Fund

Fiscal Year 2017/2018

Chart of Accounts Classification	Budget for		
	2017/2018		

				
REVENUES				
				
Special Assessments				
Tax Roll*	$	145,021		
Off Roll*	$	339,989		
Contributions & Donations from Private Sources				
Developer Contributions	$	405,440		
Other Miscellaneous Revenues				
Clubhouse Rentals	$	-		
Miscellaneous Revenues	$	-		
				
TOTAL REVENUES	$	890,450		
				
Balance Forward from Prior Year	$	-		
				
TOTAL REVENUES AND BALANCE FORWARD	$	890,450		

				
EXPENDITURES - ADMINISTRATIVE				
				
Legislative				
Supervisor Fees	$	12,000		
Financial & Administrative				
Administrative Services	$	4,500		
District Management	$	18,400		
District Engineer	$	10,000		
Disclosure Report	$	10,000		
Trustees Fees	$	12,000		
Assessment Roll	$	5,000		
Financial & Revenue Collections	$	3,600		
Accounting Services	$	14,000		
Auditing Services	$	3,310		
Arbitrage Rebate Calculation	$	1,000		
Travel	$	2,500		
Public Officials Liability Insurance	$	2,245		
Legal Advertising	$	3,500		
Dues, Licenses & Fees	$	175		
Website Hosting, Maintenance, Backup (and	$	840		
Legal Counsel				
District Counsel	$	50,000		
				
Administrative Subtotal	$	153,070		
				
EXPENDITURES - FIELD OPERATIONS				
				
Security Operations				
Security Services and Patrols	$	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	$	4,000		
Stormwater Control				
Aquatic Maintenance	$	25,000		
Lake/Pond Bank Maintenance	$	5,000		
Wetland Monitoring & Maintenance	$	13,500		
Other Physical Environment				
General Liability Insurance	$	5,175		
Property Insurance	$	10,000		
Entry & Walls Maintenance	$	2,500		
Landscape Maintenance	$	210,000		
Pump Station Monitoring	$	2,580		
Holiday Decorations	$	7,500		
Irrigation Repairs	$	25,000		
Landscape - Mulch	$	26,125		
Landscape - Annuals	$	15,000		
Landscape Replacement Plants, Shrubs, Trees	$	30,000		
Field Services	$	6,600		
Fire Ant Treatment	$	5,000		
Road & Street Facilities				

Adopted Budget

Triple Creek Community Development District

General Fund

Fiscal Year 2017/2018

Chart of Accounts Classification	Budget for		
	2017/2018		

Sidewalk Repair & Maintenance	$	5,000		
Parks & Recreation				
Management Contract	$	105,000		
Pool Permits	$	1,000		
Maintenance & Repair	$	7,500		
Facility Supplies	$	2,500		
Pest Control	$	1,800		
Computer Support, Maintenance & Repair	$	500		
Fitness Equipment Maintenance & Repairs	$	2,500		
Clubhouse - Facility Janitorial Service	$	7,500		
Pool Service Contract	$	21,000		
Pool Repairs	$	1,000		
Facility A/C & Heating Maintenance & Repair	$	1,800		
Telephone Fax, Internet	$	4,200		
Office Supplies	$	500		
Furniture Repair/Replacement	$	500		
Playground Equipment and Maintenance	$	500		
Clubhouse Miscellaneous Expense	$	1,000		
Dog Waste Station Supplies	$	3,000		
Contingency				
Miscellaneous Contingency	$	10,000		
				
Field Operations Subtotal	$	737,380		
				
Contingency for County TRIM Notice				
				
TOTAL EXPENDITURES	$	890,450		
				
EXCESS OF REVENUES OVER EXPENDITURES	$	-		

Adopted Budget

Triple Creek Community Development District

Reserve Fund

Fiscal Year 2017/2018

Chart of Accounts Classification	Budget for		
	2017/2018		

				
REVENUES				
				
Special Assessments				
Tax Roll	$	35,000		
				
TOTAL REVENUES	$	35,000		
				
Balance Forward from Prior Year	$	-		
				
TOTAL REVENUES AND BALANCE FORWARD	$	35,000		

				
EXPENDITURES				
				
Contingency				
Capital Reserves	$	35,000		
				
TOTAL EXPENDITURES	$	35,000		
				
EXCESS OF REVENUES OVER EXPENDITURES	$	-		

Budget Template

Triple Creek Community Development District

Debt Service

Fiscal Year 2017/2018

Chart of Accounts Classification		Series 2012		Series 2017A		Series 2017B	Budget for 2017/2018	
									
REVENUES									
Special Assessments									
Net Special Assessments	$	246,746.90	$	710,499.71	$	767,543.56	$	1,724,790.17	
									
TOTAL REVENUES	$	246,746.90	$	710,499.71	$	767,543.56	$	1,724,790.17	

EXPENDITURES									
Administrative									
Financial & Administrative									
Bank Fees							$	-	
Debt Service Obligation	$	246,746.90	$	710,499.71	$	767,543.56	$	1,724,790.17	
Administrative Subtotal	$	246,746.90	$	710,499.71	$	767,543.56	$	1,724,790.17	
									
TOTAL EXPENDITURES	$	246,746.90	$	710,499.71	$	767,543.56	$	1,724,790.17	
									
EXCESS OF REVENUES OVER EXPENDITURES	$	-	$	-	$	-	$	-	
Collection and Discount % applicable to the county:								6.0%	
Gross assessments							$	1,833,546.10	

Notes:

1. Tax Roll Collection Costs for Hillsborough County is 6.0% of Tax Roll. Budgeted net of tax roll assessments. See Assessment Table.

		Triple Creek Community Development District						
	FISCAL YEAR 2017/2018 O&M & DEBT SERVICE ASSESSMENT SCHEDULE				
2017/2018 O&M Budget			$520,010.00					
Hillsborough Co. 6% Collection Cost:	6%	$33,192.13					
2017/2018 Total:			$553,202.13					
2016/2017 O&M Budget			$284,008.00					
2017/2018 O&M Budget			$520,010.00					
Total Difference:								
			$236,002.00					
						
		PER UNIT ANNUAL ASSESSMENT	Proposed Increase / Decrease		
		2016/2017		2017/2018	$	%		
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%		

Series 2017A Debt Service - SF 50' (Village E)	$0.00	$1,250.00	$1,250.00	0.00%	
Operations/Maintenance - SF 50' (Village E)	$65.81	$500.00	$434.19	659.76%	
Total	$65.81	$1,750.00	$1,684.19	2559.17%	
					
Series 2017A Debt Service - SF 60' (Village E)	$0.00	$1,458.33	$1,458.33	0.00%	
Operations/Maintenance - SF 60' (Village E)	$65.81	$500.00	$434.19	659.76%	
Total	$65.81	$1,958.33	$1,892.52	2875.73%	
					
Series 2017A Debt Service - SF 50' (Villages F2 & G1)	$0.00	$1,250.00	$1,250.00	0.00%	
Operations/Maintenance - SF 50' (Villages F2 & G1)	$65.81	$500.00	$434.19	659.76%	
Total	$65.81	$1,750.00	$1,684.19	2559.17%	
					
Series 2017A Debt Service - SF 60' (Villages F2 & G1)	$0.00	$1,562.50	$1,562.50	0.00%	
Operations/Maintenance - SF 60' (Villages F2 & G1)	$65.81	$500.00	$434.19	659.76%	
Total	$65.81	$2,062.50	$1,996.69	3034.02%	
					
Series 2017A Debt Service - SF 40' (Villages K & L)	$0.00	$1,250.00	$1,250.00	0.00%	
Operations/Maintenance - SF 40' (Villages K & L)	$65.81	$500.00	$434.19	659.76%	
Total	$65.81	$1,750.00	$1,684.19	2559.17%	
					
Series 2017A Debt Service - SF 50' (Villages F1, K, & L)	$0.00	$1,562.50	$1,562.50	0.00%	
Operations/Maintenance - SF 50' (Villages F1, K, & L)	$65.81	$500.00	$434.19	659.76%	
Total	$65.81	$2,062.50	$1,996.69	3034.02%	
					
Series 2017A Debt Service - SF 60' (Village F1)	$0.00	$1,875.00	$1,875.00	0.00%	
Operations/Maintenance - SF 60' (Village F1)	$65.81	$500.00	$434.19	659.76%	
Total	$65.81	$2,375.00	$2,309.19	3508.87%	
					
Debt Service - SF 40' (Villages I & J)	$0.00	$0.00	$0.00	0.00%	
Operations/Maintenance - SF 40' (Villages I & J)	$65.81	$78.90	$13.09	19.89%	
Total	$65.81	$78.90	$13.09	19.89%	
					
Debt Service - SF 50' (Villages G2, I, & J)	$0.00	$0.00	$0.00	0.00%	
Operations/Maintenance - SF 50' (Villages G2, I, & J)	$65.81	$78.90	$13.09	19.89%	
Total	$65.81	$78.90	$13.09	19.89%	
					
Debt Service - SF 60' (Villages G2 & I)	$0.00	$0.00	$0.00	0.00%	
Operations/Maintenance - SF 60' (Villages G2 & I)	$65.81	$78.90	$13.09	19.89%	
Total	$65.81	$78.90	$13.09	19.89%	
					
Debt Service - SF 40' (Unplatted)	$0.00	$0.00	$0.00	0.00%	
Operations/Maintenance - SF 40' (Unplatted)	$65.81	$78.90	$13.09	19.89%	
Total	$65.81	$78.90	$13.09	19.89%	
					
Debt Service - SF 50' (Unplatted)	$0.00	$0.00	$0.00	0.00%	
Operations/Maintenance - SF 50' (Unplatted)	$65.81	$78.90	$13.09	19.89%	
Total	$65.81	$78.90	$13.09	19.89%	
					
Debt Service - SF 60' (Unplatted)	$0.00	$0.00	$0.00	0.00%	
Operations/Maintenance - SF 60' (Unplatted)	$65.81	$78.90	$13.09	19.89%	
Total	$65.81	$78.90	$13.09	19.89%	
					
Debt Service - SF 65' (Unplatted)	$0.00	$0.00	$0.00	0.00%	
Operations/Maintenance - SF 65' (Unplatted)	$65.81	$78.90	$13.09	19.89%	
Total	$65.81	$78.90	$13.09	19.89%	

Debt Service - Commercial	$0.00	$0.00	$0.00	0.00%

	Operations/Maintenance - Commercial	$65.81	$78.90	$13.09	19.89%		
	Total	$65.81	$78.90	$13.09	19.89%		

TRIPLE CREEK

																				FISCAL YEAR 2017/2018 O&M & DEBT SERVICE ASSESSMENT SCHEDULE																								
																		TOTAL O&M BUDGET					$153,070.00						TOTAL O&M BUDGET					$366,940.00																
																		COLLECTION COSTS @	6.0%			$9,770.43						COLLECTION COSTS @	6.0%			$23,421.70																
																		TOTAL O&M ASSESSMENT					$162,840.43						TOTAL O&M ASSESSMENT					$390,361.70																
													UNITS ASSESSED																											
																			ALLOCATION OF ADMIN O&M ASSESSMENT							ALLOCATION OF FIELD O&M ASSESSMENT							PER LOT ANNUAL ASSESSMENT					
				LOT SIZE					SERIES 2012	SERIES 2017A	ADMIN	TOTAL	% TOTAL	TOTAL	ADMIN		FIELD	TOTAL	% TOTAL	TOTAL	FIELD					SERIES 2012		SERIES 2017A					
				DEBT SERVICE (1		DEBT SERVICE (1)							DEBT SERVICE (2		DEBT SERVICE (2		TOTAL (3)			
			Platted Parcels	O&M									UNITS		EAU's		EAU's	O&M BUDGET	PER UNIT			UNITS		EAU's		EAU's	O&M BUDGET	PER UNIT			O&M								
											
	Single Family 50' (Group 1)	22	22				22		22.00		1.07%			$1,735.70			$78.90			22		22.00		2.37%			$9,264.25			$421.10			$0.00		$0.00			$0.00			
USG1-50																																	$500.00	$412.72			$912.72			
USG1-65	Single Family 65' (Group 1)	14	14				14		14.00		0.68%			$1,104.54			$78.90			14		14.00		1.51%			$5,895.43			$421.10			$500.00	$412.72			$912.72			
USG1-75	Single Family 75' (Group 1)	8	8				8		8.00		0.39%			$631.16			$78.90			8		8.00		0.86%			$3,368.82			$421.10			$500.00	$412.72			$912.72			
USG2-40	Single Family 40' (Group 2)	26	26				26		26.00		1.26%			$2,051.28			$78.90			26		26.00		2.80%			$10,948.66			$421.10			$500.00	$619.10			$1,119.10			
USG2-50	Single Family 50' (Group 2)	101	101				101		101.00	4.89%			$7,968.45			$78.90			101		101.00	10.90%		$42,531.32			$421.10			$500.00	$619.10			$1,119.10			
USG2-60	Single Family 60' (Group 2)	45	45				45		45.00		2.18%			$3,550.30			$78.90			45		45.00		4.85%			$18,949.60			$421.10			$500.00	$619.10			$1,119.10			
		Single Family 40'	14	14				14		14.00		0.68%			$1,104.54			$78.90			14		14.00		1.51%			$5,895.43			$421.10			$500.00	$825.46			$1,325.46			
		Single Family 50'	66	66				66		66.00		3.20%			$5,207.11			$78.90			66		66.00		7.12%			$27,792.74			$421.10			$500.00	$825.46			$1,325.46			
		Single Family 60'	4	4				4		4.00		0.19%			$315.58			$78.90			4		4.00		0.43%			$1,684.41			$421.10			$500.00	$825.46			$1,325.46			
		Single Family 65'	65	65				65		65.00		3.15%			$5,128.21			$78.90			65		65.00		7.01%			$27,371.64			$421.10			$500.00	$825.46			$1,325.46			
		Single Family 75'	18	18				18		18.00		0.87%			$1,420.12			$78.90			18		18.00		1.94%			$7,579.84			$421.10			$500.00	$825.46			$1,325.46			
	Single Family 50' (Village E)	116							116		116		116.00	5.62%			$9,151.88			$78.90			116		116.00	12.51%		$48,847.85			$421.10			$500.00		$1,250.00	$1,750.00			
	Single Family 60' (Village E)	91							91		91		91.00		4.41%			$7,179.50			$78.90			91		91.00		9.82%			$38,320.30			$421.10			$500.00		$1,458.33	$1,958.33			
	Single Family 50' (Villages F2 & G1)	135							135		135		135.00	6.54%			$10,650.90			$78.90			135		135.00	14.56%		$56,848.79			$421.10			$500.00		$1,250.00	$1,750.00			
	Single Family 60' (Villages F2 & G1)	39							39		39		39.00		1.89%			$3,076.93			$78.90			39		39.00		4.21%			$16,422.98			$421.10			$500.00		$1,562.50	$2,062.50			
	Single Family 40' (Villages K & L)	44							44		44		44.00		2.13%			$3,471.40			$78.90			44		44.00		4.75%			$18,528.50			$421.10			$500.00		$1,250.00	$1,750.00			
	Single Family 50' (Villages F1, K, & L)	97							97		97		97.00		4.70%			$7,652.87			$78.90			97		97.00		10.46%		$40,846.91			$421.10			$500.00		$1,562.50	$2,062.50			
	Single Family 60' (Village F1)	22							22		22		22.00		1.07%			$1,735.70			$78.90			22		22.00		2.37%			$9,264.25			$421.10			$500.00		$1,875.00	$2,375.00			
																																										
			Total Platted		927			383		544		927		927.00	44.91%		$73,136.18						927		927.00	100.00%		$390,361.70																
		Unplatted Parcels				Planned Units																																														
	Single Family 40' (Villages I & J)	69									69		69.00		3.34%			$5,443.79			$78.90			0		0.00		0.00%			$0.00			$0.00			$78.90	$0.00	$0.00	$78.90			
	Single Family 50' (Villages G2, I, & J)	205									205		205.00	9.93%			$16,173.59			$78.90			0		0.00		0.00%			$0.00			$0.00			$78.90	$0.00	$0.00	$78.90			
	Single Family 60' (Villages G2 & I)	80									80		80.00		3.88%			$6,311.64			$78.90			0		0.00		0.00%			$0.00			$0.00			$78.90	$0.00	$0.00	$78.90			
		Single Family 40'	43									43		43.00		2.08%			$3,392.51			$78.90			0		0.00		0.00%			$0.00			$0.00			$78.90	$0.00	$0.00	$78.90			
		Single Family 50'	474									474		474.00	22.97%		$37,396.49			$78.90			0		0.00		0.00%			$0.00			$0.00			$78.90	$0.00	$0.00	$78.90			
		Single Family 60'	174									174		174.00	8.43%			$13,727.83			$78.90			0		0.00		0.00%			$0.00			$0.00			$78.90	$0.00	$0.00	$78.90			
		Single Family 65'	73									73		73.00		3.54%			$5,759.38			$78.90			0		0.00		0.00%			$0.00			$0.00			$78.90	$0.00	$0.00	$78.90			
			Commercial	19			1K sq Ft			19		19.00		0.92%			$1,499.02			$78.90			0		0.00		0.00%			$0.00			$0.00			$78.90	$0.00	$0.00	$78.90			
																																										
		Total Unplatted		1137				0		0		1137		1137.00	55.09%		$89,704.25						0		0.00		0.00%			$0.00																
																																							
	Total Community		2064			383		544		2064		2064.00	100.00%		$162,840.43						927		927.00	100.00%		$390,361.70																
	LESS: Hillsborough County Collection Costs and Early Payment Discount Costs											($9,770.43)																($23,421.70)																
																																																					
	Net Revenue to be Collected																				$153,070.00																$366,940.00																

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

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

(3)	Annual assessment that will appear on November 2017 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.