Adopted Budget	
Fiscal Year 2019	

Pine Ridge Plantation Community	
Development District	

July 17, 2018	

Pine Ridge									
Community Development District								General Fund	
		Adopted		Actual YTD		Projected		Adopted	
 Description			 	Budget FY2018			 	As  of 5/31/2018			 	Actual FY2018			 	Budget FY2019		
Revenues									
Assessments - Tax Roll		$429,471		$419,802		$429,471		$429,471	
Assessments - Direct		$108,098		$115,000		$115,000		$108,098	
Misc. Income/Facility Rental		$3,000		$3,100		$5,000		$3,000	
Interest Earned		$1,000		$3,082		$3,500		$1,500	
Carry Forward Surplus		$0		$26,662		$26,662		$23,118	
Total Revenues		 	$541,569 		 	$567,645 		 	$579,633 		 	$565,187 	
Expenditures									
Administrative									
Supervisors Fees & FICA		$10,334		$6,244		$10,334		$10,334	
Engineering		$7,000		$780		$2,000		$7,000	
Attorney		$20,000		$8,749		$20,000		$20,000	
Annual Audit		$3,350		$3,450		$3,450		$3,750	
Assessment Roll		$5,520		$5,260		$5,260		$5,260	
Arbitrage		$1,200		$0		$1,200		$1,200	
Trustee		$6,000		$0		$6,000		$6,000	
Dissemination		$5,000		$3,333		$5,000		$5,000	
Management Fees		$44,290		$29,527		$44,290		$44,290	
Computer Time		$1,000		$667		$1,000		$1,000	
Telephone		$350		$141		$350		$350	
Postage		$500		$643		$750		$600	
Printing & Binding		$1,200		$667		$1,200		$1,200	
Insurance		$7,893		$7,441		$7,441		$7,893	
Legal Advertising		$2,000		$447		$1,200		$1,500	
Other Current Charges		$300		$68		$300		$300	
Website Domain		$1,200		$800		$1,200		$1,200	
Office Supplies		$250		$394		$450		$500	
Dues, Licenses & Subscriptions		$175		$175		$175		$175	
Administrative Expenses		 	$117,562 		 	$68,785 		 	$111,600 		 	$117,552 	
Amenity Center									
Insurance		$8,398		$7,998		$7,998		$8,398	
General Facility Maintenance		$15,000		$12,429		$15,000		$15,000	
Repairs & Replacements		$10,000		$13,902		$10,000		$7,500	
Recreational Passes		$500		$0		$500		$500	
Postage		$100		$0		$100		$100	
Printing & Email Marketing		$125		$0		$125		$125	
Office Supplies		$700		$176		$700		$700	
Other Current Charges		$250		$0		$250		$250	
Permit Fees		$250		$250		$250		$250	
Contingency		$5,000		$0		$5,000		$5,000	
Amenity Management		$49,440		$32,960		$49,440		$50,923	
Facility Assistant		$24,561		$1,969		$24,561		$24,561	
Special Events		$10,000		$10,382		$12,000		$12,000	
Preventive Maintenance		$0		$0		$2,500		$2,500	

Pine Ridge									
Community Development District								General Fund	
		Adopted		Actual YTD		Projected		Adopted	
 Description			 	Budget FY2018			 	As  of 5/31/2018			 	Actual FY2018			 	Budget FY2019		
Utilities									
Water & Sewer		$3,500		$2,859		$3,500		$3,500	
Electric		$23,000		$13,071		$23,000		$23,000	
Telephone		$2,500		$2,043		$3,000		$3,000	
Internet		$1,360		$590		$1,360		$1,360	
Management Contracts									
Field Management Services		$20,000		$13,333		$20,000		$20,000	
Lifeguards		$15,000		$2,687		$16,500		$16,500	
Pool Maintenance		$12,100		$7,929		$12,466		$12,500	
Pool Chemicals		$11,020		$7,569		$11,380		$11,400	
Janitorial Supplies		$1,200		$1,042		$1,200		$1,200	
Janitorial Service		$7,740		$5,160		$7,740		$7,740	
Refuse Service		$4,000		$3,636		$4,810		$4,850	
Security		$10,000		$8,443		$10,000		$10,000	
Capital Reserve		$35,000		$0		$35,000		$35,000	
Amenity Center Expenses		 	$270,744 		 	$148,428 		 	$278,380 		 	$277,857 	

Grounds Maintenance									
Landscape Maintenance		$100,000		$59,998		$97,111		$100,000	
Lake Maintenance		$8,670		$5,151		$7,728		$7,728	
Electric		$3,000		$1,307		$2,250		$2,500	
Water		$21,000		$25,885		$38,436		$39,000	
Repairs and Maintenance		$20,000		$16,101		$20,000		$20,000	
Contingencies		$593		$1,009		$1,009		$550	
Grounds Maintenance Expenses		 	$153,263 		 	$109,451 		 	$166,534 		 	$169,778 	
Total Expenses		 	$541,569 		 	$326,664 		 	$556,514 		 	$565,187 	
EXCESS REVENUES/(EXPENSES)		 	$0 		 	$240,981 		 	$23,118 		 	$0 	
						
FY2018		
FY2019	
				Units		736		736	
				Gross Assess per Unit		$777		$777	
				Net Assess per Unit		$730		$730	
				Total Gross Assessment		$571,882		$571,882	
	Less: Discounts & Collections (6%)		 	($34,313) 		 	($34,313) 	
				Total Net Assessment **		 	$537,569 		$537,569	

Pine Ridge Plantation
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2019

REVENUES:

Maintenance Assessments

The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all of the operating expenses for the Fiscal Year in accordance with the adopted budget.

Facility Rental Fees

The residents may rent the facilities for personal use.

EXPENDITURES:
Administrative:

Supervisor Fees/FICA

The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year.  The amount for the fiscal year is based upon all five supervisors attending the estimated 12 annual meetings. The FICA represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering
The District's engineering firm, England, Thims & Miller, Inc., will be providing general engineering services to the District, including attendance and preparation for monthly board meetings, review invoices, etc.

Attorney

The District's legal counsel, Hopping Green & Sams, will be providing general legal services to the  District, including attendance and preparation for monthly meetings,  preparation  and  review  of agreements,  resolutions, etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Assessment Roll

The District contracts with Governmental Management Services, LLC for the certifications of the District’s annual maintenance and debt service assessments to the County Tax Collector and collection of Direct Assessments.

Arbitrage

The District is required to have an Arbitrage Rebate Calculation on the District’s Series 2006 A/B Capital Improvement Revenue Bonds.

Pine Ridge Plantation
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2019

Trustee

The District’s Series 2006 A/B Capital Improvement Revenue Bonds are held by a Trustee at U.S. Bank. The amount represents the fee for the administration of the District’s bond issue.

Dissemination Agent

The District has contracted with GMS, LLC, to act as the Dissemination Agent for the District to prepare the Annual Disclosure Report required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)- 12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC.

Computer Time

The District processes all of its financial activities, including accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services, LLC.

Telephone

This item includes the cost of a telephone and fax machine.

Postage

This item includes mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of checks, stationary, envelopes etc.

Insurance

The District's General Liability & Public Officials Liability Insurance policy is with Preferred Governmental Insurance Trust. PGIT 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 the Florida Times Union.

Website Compliance

Per Chapter 2014-22, Laws of Florida, all Districts must have a website by October 1, 2015 to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS, LLC and updated monthly.

Pine Ridge Plantation
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2019

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

This item includes the cost of 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.

Amenity Center

Insurance

The District's Property Insurance policy will be with Preferred Governmental Insurance Trust. PGIT specializes in providing insurance coverage to governmental agencies.

General Facility Maintenance

Cost of routine repairs and maintenance of the District’s common areas and Amenity Center.

Repairs and Replacements

Represents any funds that will be used to make repairs and replacements to facility or equipment in the District Amenity Center

Recreation Passes

Represents the estimated cost for access cards to the District’s Amenity Center.

Postage

This item includes mailing of newsletter to residents.

Printing & Email Marketing

Includes costs of publishing newsletter and other mailings/emails associated with the amenity center.

Office Supplies

This item includes the cost of office supplies needed for the operation of the amenity center.

Other Current Charges
Any unanticipated costs to the amenity center

Pine Ridge Plantation
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2019

Permit Fees

Represents Permit Fees paid to the Department of Health for the swimming pool.

Contingency

This item includes a contingency for any unanticipated and unscheduled cost to the District.

Amenity Management

Services provided by Riverside Management Services, Inc. to provide part time staffing of amenity center.

Special Events
This item represents the estimated cost for the District to host any special events for the community throughout the Fiscal Year.

Utilities:
Water

District currently has one account with CCUA for water at the Amenity Center. Budget includes growth for additional use and new accounts.

Electric

Acct 257253 – 4200 Pine Ridge Parkway	$293/mo + 10% Cont.	$3,500/year

District currently has one account with Clay Electric for electric at the Amenity Center. Budget includes growth for additional use and new accounts.

Acct 780861-1 – 4200 Pine Ridge Parkway	$1,666.67/mo+ 10% Cont.	$23,000/year

Telephone
Telephone and fax machine

Internet

Cost of internet services used for the Amenity Center. Cable
The District will open an account with Dish Network to provide cable satellite services.

Management Contracts
Field Management Services

The District has contracted with Riverside  Management Services, Inc. for the  supervision and on-site  management of Pine Ridge Plantation.

Pine Ridge Plantation
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2019

Lifeguards

The District has contracted with Riverside Management Services, Inc. to provide lifeguard services during pool operation season.

Pool Maintenance
The District has contracted with Riverside Management Services, Inc. to provide pool cleaning and maintenance services. Monthly service is $1,008.33 for two cleanings, plus the cost of chemicals. During summer months, cleanings may be increased to three times a week.

Pool Chemicals

Poolsure will provide the necessary chemicals for the Amenity Center pool.

Janitorial

The District has contracted with Riverside Management Services to provide janitorial services for the Amenity Center.

Refuse Service

This item includes the cost of garbage disposal for the District.

Security
The District employs off-duty officers through the Clay County Sheriff’s Office to provide security services for the District.

Capital Reserve

The District has established a Capital Reserve to fund renewal and replacement of the District’s capital related facilities and equipment.

Grounds Maintenance: Landscape Maintenance
The District has contracted with R&D Landscape & Irrigation to provide landscaping services to all the common
areas within the District. The current contract is $7,160.00 per month.

Lake Maintenance
The District has contracted with The Lake Doctors to perform monthly service to include inspections and treats as necessary for the control and prevention of aquatic weeds and algae.

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Pine Ridge Plantation
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2019

Electric

The District currently has the following accounts with Clay Electric.

Account #	
Service Address	Monthly
Average	Annual
Average	
8824799	4201-1 Pine Ridge Pkwy	$	25	$	303	
8824808	1217-1 Camp Ridge Land	$	25	$	300	
7371685	4392-1 Pine Ridge Park - Irrigation	$	21	$	255	
8824805	1452-2 Tynes Blvd - Entrance	$	42	$	506	
8837872	1484 Tynes Blvd #2 Irrig Clock/Sign	$	43	$	516	
	Contingency		   $	619 	
			$ 2,500	
Water

The District currently has the following accounts with CCUA. Budget includes growth for additional use and new accounts.

Account #	
Service Address	Monthly
Average	Annual
Average	
246892	1376-1 Tynes Blvd Reclaimed	$	124	$	1,490	
246893	1475-1 Tyne Blvd Reclaimed	$	1,180	$	14,158	
248250	4228-1 Pine Ridge Pkwy Reclaimed	$	884	$	10,606	
248496	4354-1 Pine Ridge Pkwy Reclaimed	$	216	$	2,591	
248497	4421-1 Pine Ridge Pkwy Reclaimed	$	162	$	1,945	
248498	4688-1 Pine Lake Dr Reclaimed	$	27	$	323	
248499	4201-2 Pine Ridge Pkwy Irrigation	$	47	$	560	
257236	4200-1 Pine Ridge Pkwy Irrigation	$	174	$	2,083	
260144	4200 Pine Ridge Pkwy Reclaimed	$	390	$	4,680	
	Contingency		   $	564 	
$	39,000
Repair & Maintenance

Regular maintenance and replacement.

Contingencies
This item includes a contingency for any unanticipated and unscheduled cost to the District.

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Pine Ridge Plantation									
Community Development District								Reserve	
		Adopted		Actual YTD		Projected		Adopted	
 Description			   Budget FY2018 		   As of 5/31/2018 		    Actual FY2018 		   Budget FY2019 	
Revenues									
Operating Transfer In		$35,000		$0		$35,000		$35,000	
Assigned Fund Balance		$317,963		$314,224		$314,224		$327,493	
Total Revenues		 	$352,963 		 	$314,224 		 	$349,224 		 	$362,493 	

Expenditures									

Maintenance Reserves		
$0		
$19,932		
$21,731		
$0	
Total Expenses		 	$0 		 	$19,932 		 	$21,731 		 	$0 	
EXCESS REVENUES / (EXPENDITURES)		 	$352,963 		 	$294,292 		 	$327,493 		 	$362,493 	

Pine Ridge Plantation					
Community Development District	Debt Service Fund	
				Series 2006A	
		Adopted		Adopted	
 Description			   Budget FY2018			   Budget FY2019		
Revenues					
Interest Income		$250		$3,000	
Assessments - Tax Roll		$727,641		$727,641	
Transfer from Reserve		$206,594		$0	
Fund Balance		$314,820		$233,914	
Total Revenues		 	$1,249,305 		 	$964,555 	
Expenditures					
Interest 11/1		$306,585		$297,810	
Principal 5/1		$325,000		$340,000	
Interest 5/1		$306,585		$297,810	
Other Debt Service Costs		$0		$0	
Total Expenses		 	$938,170 		 	$935,620 	
EXCESS REVENUES / (EXPENDITURES)		 	$311,135 		 	$28,935 	
	In	terest Expense - 11/1/19		$288,630	
		Total Gross Assessment		$997,897	
Less: Discounts & Collections (6%)		($59,874)	
		   Total Net Assessment 		$938,023	

Pine Ridge Plantation				Amortization Schedule	
Community Development District				Series 2006A, Capital Improvement Revenue Bonds	
 	DATE			 	BALANCE		 		RATE			 	PRINCIPAL			 	INTEREST			 	TOTAL		
05/01/16		$ 11,950,000	5.40%		$	290,000.00		$	322,650.00			
11/01/16		$ 11,660,000	5.40%		$	-		$	314,820.00		$	927,470.00	
05/01/17		$ 11,660,000	5.40%		$	305,000.00		$	314,820.00			
11/01/17		$ 11,355,000	5.40%		$	-		$	306,585.00		$	926,405.00	
05/01/18		$ 11,355,000	5.40%		$	325,000.00		$	306,585.00			
11/01/18		$ 11,030,000	5.40%		$	-		$	297,810.00		$	929,395.00	
05/01/19		$ 11,030,000	5.40%		$	340,000.00		$	297,810.00			
11/01/19		$ 10,690,000	5.40%		$	-		$	288,630.00		$	926,440.00	
05/01/20		$ 10,690,000	5.40%		$	360,000.00		$	288,630.00			
11/01/20		$ 10,330,000	5.40%		$	-		$	278,910.00		$	927,540.00	
05/01/21		$ 10,330,000	5.40%		$	380,000.00		$	278,910.00			
11/01/21		$	9,950,000	5.40%		$	-		$	268,650.00		$	927,560.00	
05/01/22		$	9,950,000	5.40%		$	400,000.00		$	268,650.00			
11/01/22		$	9,550,000	5.40%		$	-		$	257,850.00		$	926,500.00	
05/01/23		$	9,550,000	5.40%		$	425,000.00		$	257,850.00			
11/01/23		$	9,125,000	5.40%		$	-		$	246,375.00		$	929,225.00	
05/01/24		$	9,125,000	5.40%		$	450,000.00		$	246,375.00			
11/01/24		$	8,675,000	5.40%		$	-		$	234,225.00		$	930,600.00	
05/01/25		$	8,675,000	5.40%		$	475,000.00		$	234,225.00			
11/01/25		$	8,200,000	5.40%		$	-		$	221,400.00		$	930,625.00	
05/01/26		$	8,200,000	5.40%		$	500,000.00		$	221,400.00			
11/01/26		$	7,700,000	5.40%		$	-		$	207,900.00		$	929,300.00	
05/01/27		$	7,700,000	5.40%		$	525,000.00		$	207,900.00			
11/01/27		$	7,175,000	5.40%		$	-		$	193,725.00		$	926,625.00	
05/01/28		$	7,175,000	5.40%		$	555,000.00		$	193,725.00			
11/01/28		$	6,620,000	5.40%		$	-		$	178,740.00		$	927,465.00	
05/01/29		$	6,620,000	5.40%		$	585,000.00		$	178,740.00			
11/01/29		$	6,035,000	5.40%		$	-		$	162,945.00		$	926,685.00	
05/01/30		$	6,035,000	5.40%		$	620,000.00		$	162,945.00			
11/01/30		$	5,415,000	5.40%		$	-		$	146,205.00		$	929,150.00	
05/01/31		$	5,415,000	5.40%		$	655,000.00		$	146,205.00			
11/01/31		$	4,760,000	5.40%		$	-		$	128,520.00		$	929,725.00	
05/01/32		$	4,760,000	5.40%		$	690,000.00		$	128,520.00			
11/01/32		$	4,070,000	5.40%		$	-		$	109,890.00		$	928,410.00	
05/01/33		$	4,070,000	5.40%		$	730,000.00		$	109,890.00			
11/01/33		$	3,340,000	5.40%		$	-		$	90,180.00		$	930,070.00	
05/01/34		$	3,340,000	5.40%		$	770,000.00		$	90,180.00			
11/01/34		$	2,570,000	5.40%		$	-		$	69,390.00		$	929,570.00	
05/01/35		$	2,570,000	5.40%		$	810,000.00		$	69,390.00			
11/01/35		$	1,760,000	5.40%		$	-		$	47,520.00		$	926,910.00	
05/01/36		$	1,760,000	5.40%		$	855,000.00		$	47,520.00			
11/01/36		$	905,000	5.40%		$	-		$	24,435.00		$	926,955.00	
 	05/01/37			$	905,000	5.40%		  $	905,000.00			$	24,435.00			$	929,435.00 	
 	Total						  $	11,950,000.00			$	8,472,060.00			$	20,422,060.00 	
** Revised as of 1/21/15										

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