Double Branch
Community Development District

Adopted Budget
Fiscal Year 2019

TABLE OF CONTENTS

General Fund	Page 1-4

Recreation Fund	Page 5-17

Debt Service Fund 2013 A-1 and A-2…	Page 18-20

Assessment Allocation Report	Page 21

Capital Reserve Fund	Page 22

Exhibit A…	Page 23

Double Branch
Community Development District	General Fund

	Adopted
Budget		Actual
YTD		Projected
Next 3		Total
Projected		Adopted
Budget	
 Description			    FY 2018			 	6/30/18			    Months			 	FY 2018			 	FY 2019		

Revenues											
Maintenance Assessments		$178,985		$180,128		$0		$180,128		$177,985	
Interest Income		$200		$135		$65		$200		$200	
Total Revenues		$179,185		$180,263		$65		$180,328		$178,185	

Expenditures											
Administrative Supervisor Fees		
$12,000		
$8,400		
$3,600		
$12,000		
$12,000	
FICA Expense		$918		$643		$214		$857		$918	
Engineering		$5,000		$488		$163		$651		$5,000	
Arbitrage		$700		$700		$0		$700		$700	
Dissemination		$1,333		$800		$267		$1,067		$1,333	
Assessment Roll		$7,520		$7,520		$0		$7,520		$7,821	
Attorney		$42,000		$18,233		$6,078		$24,311		$42,000	
Annual Audit		$5,900		$4,000		$1,900		$5,900		$5,900	
Trustee Fees		$8,014		$4,295		$3,719		$8,014		$8,014	
Management Fees		$57,657		$43,243		$14,414		$57,657		$59,963	
Information Technology		$1,942		$1,456		$485		$1,941		$1,942	
Telephone		$290		$254		$85		$339		$290	
Postage		$1,900		$1,691		$209		$1,900		$1,900	
Printing & Binding		$3,400		$1,587		$529		$2,116		$3,400	
Records Storage		$300		$0		$300		$300		$300	
Insurance		$8,350		$8,350		$0		$8,350		$8,350	
Legal Advertising		$2,000		$1,092		$364		$1,456		$2,000	
Office Supplies		$350		$222		$74		$296		$350	
Dues, Licenses & Subscriptions		$175		$175		$0		$175		$175	
Reserve		$19,436		$19,436		$0		$19,436		$15,829	
Administrative Expenses		$179,185		$122,585		$32,400		$154,985		$178,185	
											
Excess Revenues (Expenses)		$0		57,678		(32,335)		25,343		$0	

Page 1

REVENUES:
Maintenance Assessments

The District will levy a non ad-valorem special assessment on all assessable property within the District to fund all of the General Operating Expenditures for the fiscal year.

Interest Income

The operating fund of the District will be invested in a money market fund held by US  Bank.

Carry Forward Surplus

Represents the estimated excess funds at the end of the prior fiscal year brought forward to the current fiscal year to reduce assessments.

EXPENDITURES:
Administrative:

Supervisor Fees

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 five supervisors attending the estimated 12 annual meetings.

FICA Expense

These expenses represent the Employer's share of Social Security and Medicare taxes withheld from the Board of Supervisors checks.

Engineering Fees

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

Arbitrage

The District is required to have an annual arbitrage rebate calculation prepared for the District’s Series 2013 A-1 and A-2 Special Assessment Refunding Bonds. Currently, the District has contracted with Grau and Associates.

Dissemination Agent

The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues. The District has contracted with GMS, LLC, the District’s bond underwriter, to provide this service.

Assessment Roll

Governmental Management Services, 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 including attendance and preparation for monthly meetings, review operating and maintenance contracts, etc. Hopping Green & Sams serves as the District’s legal counsel.

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Grau and Associates currently serves as the District’s Independent Auditor.

Trustee Fees

The District issued $24,850,000 of Series 2013 A1 and $2,900,000 of Series 2013 A2 Special Assessment Refunding Bonds that are held by a Trustee at US Bank, N.A. The amount of the trustee fees is based on the agreement between US Bank and the District.

Management Fees 

The District receives management, accounting and administrative services as part of a Management Agreement with Governmental Management Services, LLC.

Information Technology 

The cost related to District’s accounting and information systems, District website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

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.

Records and Storage

All documents of the District will be copied and stored electronically with automatic back up to ensure complete records. Back up of all records will be kept off-site for security and safety.

Insurance

The District's General Liability & Public Officials Liability Insurance policy is with the Florida Property Alliance (FPA). FPA 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.

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.

General Reserves

Established to maintain community service levels at present standards for FY 2019

General	Adopted	Actual	Projected	Total	Adopted

Budget

YTD

Next 3

Projected

Budget

   Ledger Code        Description		 	FY 2018	 6/30/18	 Months           FY 2018	 FY 2019 

	Revenues		

002.363.100/101	Maintenance Assessments	$1,462,648	$1,471,989	$0	$1,471,989	$1,462,648	
002.361.100	Interest Income	$1,000	$1,589	$530	$2,119	$1,000	
002.369.100	Amenities Revenue/Miscellaneous	$33,690	$38,388	$12,796	$51,184	$33,690	
002.369.1031	Sports Revenue	$8,122	$10,090	$3,363	$13,453	$11,000	
	Total Revenues	$1,505,460	$1,522,056	$16,689	$1,538,745	$1,508,338	
	
Expenditures						
	Administrative						

002.513.3400	Management Fees - On Site	$95,470	$76,858	$18,612	$95,470	$110,470	
002.513.4500	Insurance	$62,789	$59,192	$0	$59,192	$62,789	
002.513.4900	Other Current Charges	$3,818	$3,299	$1,100	$4,399	$3,818	
002.513.4930	Permit Fees	$1,635	$1,181	$454	$1,635	$1,635	
	Administrative Expenses	$163,712	$140,530	$20,166	$160,696	$178,712	
	
Maintenance						

002.572.3450	Security	$50,920	$38,122	$12,707	$50,829	$50,920	
002.572.3451	Security - Clay County Off-Duty Sheriff	$43,050	$26,795	$8,932	$35,727	$43,050	
002.572.3500	Water - Irrigation	$9,000	$1,916	$639	$2,555	$9,000	
002.572.3510	Irrigation Maintenance	$4,250	$895	$298	$1,193	$4,250	
002.572.4290	Streetlighting	$33,066	$21,356	$7,119	$28,475	$33,066	
002.572.4300	Electric	$42,000	$27,496	$9,165	$36,661	$42,000	
002.572.4620	Landscape Maintenance	$315,774	$236,831	$78,944	$315,775	$315,774	
002.572.4640	Common Area Maintenance	$43,564	$27,976	$9,325	$37,301	$43,564	
002.572.4680	Lake Maintenance	$28,116	$18,840	$6,280	$25,120	$28,116	
002.572.4621	Landscape Reserve	$35,000	$35,468	$11,823	$47,291	$35,000	
002.572.4910	Contingency	$1,985	$0	$1,985	$1,985	$1,985	
002.572.6000	Capital Reserve	$15,565	$15,565	$0	$15,565	$15,565	
002.572.6320	Miscellaneous Maintenance	$2,986	$0	$2,986	$2,986	$2,986	
002.572.6350	General Reserve	$22,894	$28,921	$0	$28,921	$26,759	
	Common Area Expenses	$648,170	$480,181	$150,203	$630,384	$652,035	
	
Recreation Facility						

002.513.3100	Amenity Payroll	$0	$41,558	$18,000	$59,558	$0	
002.572.1200	Aquatic & Athletic Manager / Staff	$50,744	$21,143	$7,048	$28,191	$48,495	
002.572.3460	Pool Attendants	$107,650	$5,170	$1,723	$6,893	$94,266	
002.572.3490	Refuse Services	$6,120	$4,502	$1,618	$6,120	$6,120	

General	Adopted	Actual	Projected	Total	Adopted

Budget

YTD

Next 3

Projected

Budget

   Ledger Code        Description		 	FY 2018	 6/30/18	 Months           FY 2018	 FY 2019 

002.572.4100	Telephone	$4,500	$2,726	$1,774	$4,500	$4,500	
002.572.4310	Electric	$47,000	$24,539	$22,461	$47,000	$47,000	
002.572.4320	Cable	$4,752	$6,068	$2,023	$8,091	$8,150	
002.572.4630	Pool Maintenance	$56,616	$40,112	$13,371	$53,483	$56,616	
5720.437/435	Water / Sewer/Reclaim	$65,000	$36,773	$12,258	$49,031	$65,000	
002.572.4660	Facility Maintenance-General	$27,500	$18,328	$6,109	$24,437	$27,500	
002.572.4661	Facility Maintenance-Preventative	$5,617	$2,990	$2,627	$5,617	$5,617	
002.572.4662	Facility Maintenance - Contingency	$29,750	$19,685	$10,065	$29,750	$29,750	
002.572.4663	Lighting Repairs	$8,500	$5,604	$1,868	$7,472	$8,500	
002.572.4940	Special Events	$10,500	$10,113	$387	$10,500	$10,500	
002.572.5100	Office Supplies & Equipment	$4,000	$2,111	$1,889	$4,000	$4,000	
002.572.6100	Janitorial	$31,512	$22,870	$7,623	$30,493	$31,512	
002.572.6200	Recreation Passes	$7,565	$3,253	$4,312	$7,565	$7,565	
002.572.6310	Repairs & Replacements	$79,025	$47,636	$31,389	$79,025	$79,025	
002.572.6330	Pool Pump Reserve	$9,500	$9,500	$0	$9,500	$6,500	
002.572.6340	Pool Leak Repairs	$5,000	$0	$5,000	$5,000	$5,000	
002.572.63601	Multiuse Field	$21,250	$0	$21,250	$21,250	$21,250	
	Recreation Facility Expenses	$582,102	$324,681	$172,795	$497,476	$566,866	
	
Fitness Center						

002.572.1210	Staffing	$55,517	$43,460	$12,057	$55,517	$47,500	
002.572.4110	Telephone	$1,092	$0	$1,092	$1,092	$1,092	
002.572.4311	Electric	$12,300	$8,781	$3,519	$12,300	$12,300	
002.572.4321	Cable	$4,169	$0	$4,169	$4,169	$4,169	
002.572.4710	Facility Maintenance - General	$8,000	$5,170	$2,830	$8,000	$8,000	
002.572.4720	Facility Maintenance - Preventative	$7,500	$2,356	$5,144	$7,500	$7,500	
002.572.4730	Facility Maintenance - Contingency	$5,000	$0	$5,000	$5,000	$5,000	
002.572.5000	Office Supplies and Equipment	$2,664	$212	$71	$283	$2,664	
002.572.6110	Janitorial	$13,435	$13,242	$4,414	$17,656	$17,500	
002.572.6311	Repairs & Replacements	$1,800	$1,174	$391	$4,992	$5,000	
	Fitness Center Expenses	$111,477	$74,395	$38,687	$116,508	$110,725	
							
	Total Expenses	$1,505,460	$1,019,787	$381,850	$1,405,063	$1,508,338	
							
	Excess Revenues(Expenses)	$0	$502,269	(365,161)	133,682	$0	

REVENUES:
Maintenance Assessments

The District will levy a non ad-valorem special assessment on all assessable property within the District to fund all of the Recreational Operating Expenditures for the fiscal year.
Interest Income

The District will have all excess funds invested in a money market fund held by US Bank. The amount is based upon the estimated average balance of funds available during the fiscal year.

Amenities Revenue

Income received from resident rental of Clubroom and Patio and access cards, fitness class, vending machines, and non-resident user fee for the Recreation Facility.

Sports Revenue

These are estimated fees for programmed sports activities.

EXPENDITURES:

Administrative:

Management Fees – On Site

The District has contracted with Governmental Management Services, LLC (“GMS”) for the supervision and on-site management of the District’s amenities. The responsibilities include management of District maintenance contracts, scheduling special events, management of District employees, rental of facilities, scheduling of special events, resident inquiries and other maintenance related items. The District shares the cost of a community manager, aquatics manager, rental coordinator and administrative assistant with the Middle Village Community Development District.

Insurance

The District's Property and Liability Insurance policy is with Florida Property Alliance (FPA). FPA specializes in providing insurance coverage to governmental agencies.

Other Current Charges

Includes bank charges and any other miscellaneous administrative expenses that are incurred during the year with the use of deposit/credit card machine

Permit Fees

Miscellaneous permit fees to operate the pool and water slides as well as special events.

Description	Annual	
Play Pool Permit	$	250	
Lap Pool Permit	$	250	
Spray Pool Permit	$	125	
State Public Broadcast for Music Fees	$	1,010	
Total	$	1,635	
Office Supplies

Miscellaneous office supplies. Maintenance Common Area: Security
ABM Security Services provides the District with Athletic Center and Common area security patrol.

Description	Monthly	Annual	
Security	$	4,243	$	50,920	

Clay County off Duty Security

Provision for off-duty-security patrol by Clay County Sheriff’s Dept. Split 50/50 with Middle Village CDD.

Water – Irrigation

The District will purchase bulk water from JEA for irrigation purposes.

Account Number	Description	Monthly	Annual	
62945977	2226 Pebblewood LA Apt 1	$	50	$	602	
66042924	302 Oakleaf Village Parkway	$	19	$	227	
61929298	3468 Worthington Oaks Drive Apt 1	$	29	$	342	
62744114	3570 Silver Bluff Boulevard Apt 1	$	576	$	6,912	
60770057	563 Acornridge Lane Apt 1	$	32	$	378	
	Contingency	$	45	$	539	
	Total	$	750	$	9,000	

Irrigation Maintenance

The cost of miscellaneous irrigation, pump repairs and maintenance incurred by  the district.

Street Lighting

The cost of street lighting provided by Clay Electric Cooperative, Inc.:

Account Number	Description	Monthly	Annual	
7332265	Oakleaf Village Center Outdoor	$	241	$	2,894	
5379615	East Side of Brannanfield	$	2,291	$	27,488	
	Contingency	$	224	$	2,684	
	Total	$	2,756	$ 33,066	

Electric

The cost of electricity for signage lighting, entry feature lighting (main entry, Athletic Center entry and neighborhood entries) for the following accounts provided by Clay Electric Cooperative, Inc.:

Account Number	Description	Monthly	Annual	
4995700	370 Oakleaf Village	$	1,170	$	14,037	
4995718	370-1 Oakleaf Village Pkwy	$	910	$	10,914	
5347943	3926-1 Plantation Oaks Blvd	$	60	$	721	
5715289	1591 Canopy Oaks Dr - Irrigation	$	34	$	410	
5774021	2971 Thorncrest Dr	$	18	$	213	
6875140	373-1 Oakleaf Village Center	$	37	$	438	
6912612	608-1 Oakleaf Village Pkwy	$	35	$	417	
6912620	304-1 Oakleaf Village Pkwy	$	30	$	362	
6912653	603-2 Oakleaf Village Pkwy	$	42	$	504	
6912661	602-1 Oakleaf Village Pkwy	$	34	$	410	
6912687	537-1 Oakleaf Village Pkwy	$	18	$	212	
6912695	529-1 Oakleaf Village Pkwy	$	18	$	220	
6912703	3925-1 Plantation Oaks Blvd	$	81	$	967	
6912729	3860-1 Plantation Oaks Blvd	$	18	$	210	
6912737	3859-1 Plantation Oaks Blvd	$	29	$	350	
6912752	3805-1 Plantation Oaks Blvd	$	38	$	459	
6912760	3800-1 Plantation Oaks Blvd	$	48	$	570	
6912778	3306-1 Village Oaks Lane	$	18	$	213	
6912786	465-1 Oakleaf Village Pkwy	$	34	$	406	
6912810	3801-1 Plantation Oaks Blvd	$	29	$	352	
6912828	728-1 Bellshire Drive	$	17	$	209	
6912836	721-1 Bellshire Lane	$	20	$	238	
	Subtotal	$	2,736	$ 32,832	

Account Number	Description	Monthly	Annual	
6912869	715-1 Wakemont Drive	$	42	$	506	
6912877	3219-1 Stonebrier Ridge Drive	$	26	$	316	
6912893	576-1 Wakemount Drive	$	17	$	209	
6912901	507-1 Millstone Drive	$	17	$	209	
6912919	498-1 Millstone Drive	$	17	$	209	
6912927	3442-1 Worthington Oaks Drive	$	17	$	209	
6912943	309-1 Oakleaf Village Pkwy	$	25	$	303	
6912950	373-2 Oakleaf Village Pkwy	$	39	$	472	
6912968	308-1 Oakleaf Village Pkwy	$	20	$	236	
6912976	358-2 Oakleaf Village Pkwy	$	34	$	405	
7131527	3206-1 Silver Bluff Blvd	$	20	$	243	
7332257	3168 Stonebrier Ridge	$	228	$	2,730	
8684243	571 Oakleaf Village Pkwy	$	18	$	215	
	Contingency	$	242	$	2,906	
	Subtotal	$	2,736	$ 32,832	
	Total	$	3,500	$ 42,000	

Landscape Maintenance

The District has a contract with R&D Landscaping to provide landscaping and irrigation maintenance services to all the common areas within the District as well as the Amenity Center. The amount is based upon the following:

Description	Monthly	Annual	
Contract - Common Area	$	26,315	$	315,774	

Common Area Maintenance

Represents the estimated day-to-day maintenance of the Districts common areas. Services include:

-Pressure washing of District fences, entrance signage and pillars, pool areas, gazebos, amenity center, field house, parks, park equipment and sidewalks. The estimated annual amount for these services are based upon contractor proposals

The estimated cost for the following is based upon past history and current hourly rates:

-All common area, easements and park litter clean up
-Lake and outfall inspections and debris removal
-Storm sewer grate inspections and cleaning

-Removal of unauthorized signage and maintenance of community signage
-Trapper for wild hogs
-Traffic/car accident clean up
-Inspection and repairs to all park equipment, playground, picnic table and benches

Lake Maintenance

The District has a contract with The Lake Doctors to provide monthly water management services and annual carp as needed per the contract, to 25 lakes throughout the District. Contingency represents monthly lake inspections and clean-up of outfall structures and fish barriers. The amount is based upon the following:

Description	Monthly	Annual	
Contract	$	1,893	$	22,716	
Stocking of Carp	$	283	$	3,400	
Contingency	$	167	$	2,000	
Total	$	2,343	$	28,116	

Landscape Reserve

Represents additional mulch and storm replacement and clean up district may incur. Plant replacements outside of contract, new plantings, and projects that become necessary due to changes in use, etc. and tree preservation and/or removal.

Contingency

A contingency for any unanticipated and unscheduled cost incurred to the District.

Capital Reserve

Money set aside for future replacements of capital related items and operating capital.

Miscellaneous Maintenance

Provision for unscheduled repairs and maintenance.

General Reserve

Provision for general repairs and replacements based upon detailed study of District assets.

Recreation Facility:

Aquatic & Athletic Manager / Staff

The District has contracted with GMS,LLC to provide management of the District’s hourly employees. Their services include providing an Amenity Center Director and One Assistant who issues access cards per contract and daily facility operations of the Oakleaf Plantation Amenity Center.

Pool Attendants

Direct cost to provide lifeguard/pool attendant services from District employees during the operational season of the swimming pool, which is from Mid-March through October.

Refuse Service

The District has contracted with Advanced Disposal for refuse removal service  twice weekly.

Telephone

The Amenity Center currently pays AT&T for three phone lines and one fax line.	The amounts are based upon the following:

Description	Monthly	Annual	
AT&T	$	80	$	960	
RingCentral	$	97	$	1,160	
Contingency	$	198	$	2,380	
Total	$	375	$	4,500	

Electric

Cost of electric associated only with the Recreation facility provided by Clay Electric:

Account Number	Description	Monthly	Annual	
5217088	370 Oakleaf Village Pkwy	$	3,663	$ 43,953	
	Contingency	$	254	$	3,047	
	Total	$	3,917	$ 47,000	

Cable/Internet

Cost of cable and internet access for the Recreation Facility from Comcast.

Pool Maintenance

The District currently has a contract with Poolsure to supply chemicals and chemical  feeders for the Amenity Center pools. The amount is as follows:

Description	Monthly	Annual	
Contract	$	1,437	$	17,244	
Fuel Surcharge	$	85	$	1,020	
Total	$	1,522	$	18,264	

The District is contracted with Crystal Clean Pools for the cleaning, water testing, and treatment of the Amenity Center pools. Additionally, GMS staff handles the annual maintenance projects on the pool and deck features. The amount is based upon the following:

Description	Monthly	Annual	
Contract	$	2,146	$	25,752	
Slide Maintenance/Waxing	$	375	$	4,500	
Spray ground/Furniture Cleaning	$	550	$	6,600	
Preseason Filter clean and Prep	$	125	$	1,500	
Total	$	3,196	$	38,352	
Total Pool Maintenance	$	4,718	$	56,616	

Water /Sewer/Reclaim

Cost of water / sewer from JEA (acct # 7616920495) associated with the Recreation  Facility and Reclaimed Water from Clay County Utility Authority.

Account Number	Description	Monthly	Annual	
60603531	370 Oakleaf Village Parkway - Water	$	790	$	9,482	
60603531	370 Oakleaf Village Parkway - Sewer	$	2,360	$	28,324	
	Total JEA	$	3,151	$	37,806	
201224	566-1 Oakleaf Village Parkway	$	850	$	10,196	
191992	716-1 Wakemont Dirve Reclaim	$	239	$	2,867	
206121	3178-1 Wandering Oaks Drive	$	22	$	265	
206125	1505-1 Canopy Oaks Drive R	$	37	$	440	
206136	1591-1 Canopy Oaks Drive R	$	256	$	3,077	
206376	3701-1 Thousand Oaks Drive	$	29	$	349	
206379	3713-1 Thousand Oaks Drive	$	92	$	1,106	
206380	1940-1 Woodworth Drive Reclaim	$	30	$	359	
206381	3659-1 Thousand Oaks Drive	$	36	$	437	
207243	603-1 Waterford Oaks Drive	$	22	$	265	
238253	1422-1 Bitterberry Drive Reclaim	$	29	$	350	
238254	1206-1 Bedrock Drive Reclaim	$	24	$	286	
	Contingency	$	600	$	7,197	
	Total Clay County Utility Authority	$	2,266	$	27,194	
	Total Water/Sewer/Reclaim	$	5,417	$	65,000	

Facility Maintenance – General

Represents estimated cost for general maintenance throughout the District based upon historical cost.

Facility Maintenance - Preventative

Cost of routine repairs and general maintenance contracts for District Facilities.

Contractor	Purpose	Annual Cost	
S.E. Fitness	Bi-Monthly Service	$	1,160	
Paula's Pest Control	Quarterly Service	$	620	
Certified Air Contractors	Bi-Monthly Service	$	1,290	
Jacksonville Sound & Communication	Alarm System Inspection	$	744	
Cintas	Sprinklers & Extinguishers	$	1,073	
Termite Bond	Preventative	$	730	
Total		$	5,617	

Facility Maintenance – Contingency

Represents estimated amount based upon historical cost for fence repairs, graffiti clean-up, signage repairs, wall cap replacements and damaged park equipment

Lighting Repairs

Cost for fixtures, bulbs and ballast replacement, and electrician labor based on past history.

Special Events

Monthly events and organized functions the Amenity Center Director provides for all residents of Oakleaf Plantation.

Office Supplies and Equipment

Office  supplies  for  the Amenity Center.	Lease agreement with Cannon ($150/month)
$1800 annually.

Janitorial Services

The District has contracted with Riverside Management to provide janitorial services, and scheduled carpet cleanings to the District. Janitorial Services shall be provided seven days per week and carpets will be cleaned 9xs a year unless otherwise needed. Supplies will be purchased directly from First Coast Choice Cleaning Supplies. The amount is based upon the following:

Description	Monthly	Annual	
Contract	$	2,079	$	24,948	
Supplies	$	547	$	6,564	
Total	$	2,626	$	31,512	

Recreation Passes

Entry cards are issued to all CDD residents for facility access. Recreation passes includes the cards, ribbon, cleaner, guest cards and repairs to card printers, etc.

Repairs & Replacement

Regular maintenance and replacement that includes, but is not limited to, pool pumps, filters, air conditioning repairs facility lighting/electrical, or any replacement of District infrastructure.

Pump Reserve

For pump replacement as needed.

Pool Leak Repairs

Estimated structural repairs for leaks in pool structure.

Multiuse Fields

Cost of maintaining field and repairs, landscape maintenance, and renovations.

Fitness Center:

Staffing

Cost to provide attendant services for front desk of fitness center.

Telephone

The Amenity Center currently pays AT&T for telephone service.

Electric

Estimated cost of electric associated only with the Fitness Center provided by Clay Electric:

Account Number	Description	Monthly	Annual	
8763369	382 Oakleaf Village Pkwy	$	988	$	11,858	
		$	37	$	442	
	Total	$	988	$	12,300	

Cable/Internet

The estimated cost of cable/internet access for the Fitness Center provided by Comcast

Facility Maintenance – General

Represents estimated cost for general maintenance for Fitness Center

Facility Maintenance - Preventative

The estimated cost of routine repairs and general maintenance contracts for  Fitness Center.

Facility Maintenance – Contingency

Represents estimated amount for other cost associated with Fitness Center.

Office Supplies and Equipment

Office supplies for the Fitness Center.

Janitorial Services

The District has contracted with Riverside Management to provide janitorial services, and scheduled carpet cleanings to the District. Janitorial Services shall be provided seven days per week and carpets will be cleaned 9xs a year unless otherwise needed. Supplies will be purchased directly from First Coast Choice Cleaning Supplies.

Repairs & Replacements

Estimated cost for the purchase or repair of fitness equipment.

Double Branch
Community Development District	Debt Service Fund
Series 2013A-1 and A-2

	Adopted
Budget		Actual
From		Projected
Next 3		Total
Projected		Adopted
Budget	
 Description		 	FY 2018			 	6/30/18			    Months 		 	FY 2018			 	FY 2019		
Revenues										
Carry Forward Surplus	$519,790		$519,790		$23,594		$543,384		$589,465	
Special Assessments	$1,966,802		$1,977,330		$0		$1,977,330		$1,962,561	
Interest Income	$2,500		$19,714		$6,571		$26,285		$6,000	
Total Revenues	$2,489,092		$2,516,834		$30,165		$2,546,999		$2,558,026	

Expenditures										
Series 2013A-1										
Interest 11/1	$408,304		$408,304		$0		$408,304		$397,144	
Interest 5/1	$408,304		$408,304		$0		$408,304		$397,144	
Principal 5/1	$930,000		$930,000		$0		$930,000		$955,000	
							.			
Series 2013A-2										
Interest 11/1	$62,963		$62,963		$0		$62,963		$60,663	
Prepayment Call Due 11/1	$25,000		$5,000		$0		$5,000		$25,000	
Interest 5/1	$62,963		$62,963		$0		$62,963		$60,663	
Principal 5/1	$80,000		$80,000		$0		$80,000		$85,000	
Total Expenses	$1,977,534		$1,957,534		$0		$1,957,535		$1,980,614	
										
EXCESS REVENUES / (EXPENDITURES)	$511,558		$559,300		30,165		$589,465		$577,412	

Interest November 1, 2018	
Series 2013A-1	
$	397,144.38	
	Series 2013A-2	  $	60,662.50 	
	Total	  $	457,806.88 	
	Per Unit	Gross	
Unit Type	Units		Assessment	Assessment	
Single Family		2,197	$	878	$	1,928,768	
Multi-Family		275	$	605	  $	166,510 	
Total Gross Assessment				$	2,095,278	
Less: Discounts and Collections	(6%)			  $	132,717 	
Total Net Assessment				 	1,962,561 	

Page 18

DATE	
PRINCIPAL	
COUPON	
INTEREST	
DEBT SERVICE	ANNUAL DEBT
SERVICE	BOND
BALANCE	

5/1/17	910,000	2.13%	417,973.13	1,327,973.13		21,315,000	
11/1/17			408,304.38	408,304.38	1,736,277.51	21,315,000	
5/1/18	930,000	2.40%	408,304.38	1,338,304.38		20,385,000	
11/1/18			397,144.38	397,144.38	1,735,448.76	20,385,000	
5/1/19	955,000	2.70%	397,144.38	1,352,144.38		19,430,000	
11/1/19			384,251.88	384,251.88	1,736,396.26	19,430,000	
5/1/20	980,000	3.00%	384,251.88	1,364,251.88		18,450,000	
11/1/20			369,551.88	369,551.88	1,733,803.76	18,450,000	
5/1/21	1,015,000	3.20%	369,551.88	1,384,551.88		17,435,000	
11/1/21			353,311.88	353,311.88	1,737,863.76	17,435,000	
5/1/22	1,045,000	3.40%	353,311.88	1,398,311.88		16,390,000	
11/1/22			335,546.88	335,546.88	1,733,858.76	16,390,000	
5/1/23	1,085,000	3.63%	335,546.88	1,420,546.88		15,305,000	
11/1/23			315,881.25	315,881.25	1,736,428.13	15,305,000	
5/1/24	1,125,000	3.75%	315,881.25	1,440,881.25		14,180,000	
11/1/24			294,787.50	294,787.50	1,735,668.75	14,180,000	
5/1/25	1,170,000	4.00%	294,787.50	1,464,787.50		13,010,000	
11/1/25			271,387.50	271,387.50	1,736,175.00	13,010,000	
5/1/26	1,220,000	4.13%	271,387.50	1,491,387.50		11,790,000	
11/1/26			246,225.00	246,225.00	1,737,612.50	11,790,000	
5/1/27	1,270,000	4.13%	246,225.00	1,516,225.00		10,520,000	
11/1/27			220,031.25	220,031.25	1,736,256.25	10,520,000	
5/1/28	1,320,000	4.13%	220,031.25	1,540,031.25		9,200,000	
11/1/28			192,806.25	192,806.25	1,732,837.50	9,200,000	
5/1/29	1,380,000	4.13%	192,806.25	1,572,806.25		7,820,000	
11/1/29			164,343.75	164,343.75	1,737,150.00	7,820,000	
5/1/30	1,435,000	4.13%	164,343.75	1,599,343.75		6,385,000	
11/1/30			134,746.88	134,746.88	1,734,090.63	6,385,000	
5/1/31	1,495,000	4.13%	134,746.88	1,629,746.88		4,890,000	
11/1/31			103,912.50	103,912.50	1,733,659.38	4,890,000	
5/1/32	1,560,000	4.25%	103,912.50	1,663,912.50		3,330,000	
11/1/32			70,762.50	70,762.50	1,734,675.00	3,330,000	
5/1/33	1,630,000	4.25%	70,762.50	1,700,762.50		1,700,000	
11/1/33			36,125.00	36,125.00	1,736,887.50	1,700,000	
5/1/34	1,700,000	4.25%	36,125.00	1,736,125.00			
11/1/34	 			 			1,736,125.00		
TOTAL	  $ 22,225,000.00 		  $ 9,016,214.45 				

DATE	
PRINCIPAL	
COUPON	
INTEREST	
DEBT SERVICE	ANNUAL DEBT
SERVICE	
BOND BALANCE	

11/1/17		5.75%	62,962.50	62,962.50	203,368.75	2,190,000	
5/1/18	80,000	5.75%	62,962.50	142,962.50		2,190,000	
11/1/18		5.75%	60,662.50	60,662.50	203,625.00	2,110,000	
5/1/19	85,000	5.75%	60,662.50	145,662.50		2,110,000	
11/1/19		5.75%	58,218.75	58,218.75	203,881.25	2,025,000	
5/1/20	90,000	5.75%	58,218.75	148,218.75		2,025,000	
11/1/20		5.75%	55,631.25	55,631.25	203,850.00	1,935,000	
5/1/21	95,000	5.75%	55,631.25	150,631.25		1,935,000	
11/1/21		5.75%	52,900.00	52,900.00	203,531.25	1,840,000	
5/1/22	100,000	5.75%	52,900.00	152,900.00		1,840,000	
11/1/22		5.75%	50,025.00	50,025.00	202,925.00	1,740,000	
5/1/23	105,000	5.75%	50,025.00	155,025.00		1,740,000	
11/1/23		5.75%	47,006.25	47,006.25	202,031.25	1,635,000	
5/1/24	110,000	5.75%	47,006.25	157,006.25		1,635,000	
11/1/24		5.75%	43,843.75	43,843.75	200,850.00	1,525,000	
5/1/25	115,000	5.75%	43,843.75	158,843.75		1,525,000	
11/1/25		5.75%	40,537.50	40,537.50	199,381.25	1,410,000	
5/1/26	125,000	5.75%	40,537.50	165,537.50		1,410,000	
11/1/26		5.75%	36,943.75	36,943.75	202,481.25	1,285,000	
5/1/27	130,000	5.75%	36,943.75	166,943.75		1,285,000	
11/1/27		5.75%	33,206.25	33,206.25	200,150.00	1,155,000	
5/1/28	135,000	5.75%	33,206.25	168,206.25		1,155,000	
11/1/28		5.75%	29,325.00	29,325.00	197,531.25	1,020,000	
5/1/29	145,000	5.75%	29,325.00	174,325.00		1,020,000	
11/1/29		5.75%	25,156.25	25,156.25	199,481.25	875,000	
5/1/30	155,000	5.75%	25,156.25	180,156.25		875,000	
11/1/30		5.75%	20,700.00	20,700.00	200,856.25	720,000	
5/1/31	165,000	5.75%	20,700.00	185,700.00		720,000	
11/1/31		5.75%	15,956.25	15,956.25	201,656.25	555,000	
5/1/32	175,000	5.75%	15,956.25	190,956.25		555,000	
11/1/32		5.75%	10,925.00	10,925.00	201,881.25	380,000	
5/1/33	185,000	5.75%	10,925.00	195,925.00		380,000	
11/1/33		5.75%	5,606.25	5,606.25	201,531.25	195,000	
5/1/34	195,000	5.75%	5,606.25	200,606.25		195,000	
11/1/34	 		 	200,606.25	0	
TOTAL	  $ 2,190,000.00 	  $ 1,299,212.50 $ 3,489,212.50 $ 3,629,618.75 	0	

Double Branch
Community Development District	Capital Reserve Fund

	Adopted
Budget	Actual
YTD	Projected
Next 3	Total
Projected	Adopted
Budget	
Description	FY 2018	6/30/18	Months	FY 2018	FY 2019	

REVENUES:						
Carry Forward Surplus (1)	$838,330	$838,330	$337	$838,667	$938,919	
Interest Income	$1,000	$1,305	$315	$1,620	$1,000	
Transfer In - Landscape Reserve	$35,000	$35,000	$0	$35,000	$35,000	
Transfer In - Capital Reserve	$14,765	$15,565	$0	$14,765	$15,565	
Transfer In - Pool Pump Reserve	$9,500	$9,500	$0	$9,500	$6,500	
Transfer In - General Reserve	$22,894	$22,894	$0	$22,894	$26,759	
Transfer In - General Fund Reserve	$19,436	$19,436	$0	$19,436	$15,829	
TOTAL REVENUES	$940,925	$942,030	$652	$941,882	$1,039,572	

EXPENDITURES:						
Other Current Charges	$0	$0	$0	$0	$0	
Landscape Reserve	$0	$0	$800	$800	$0	
Capital Projects	$0	$0	$0	$0	$0	
Pool Pump Reserve	$0	$0	$2,163	$2,163	$0	
General Reserve	$0	$0	$0	$0	$0	
TOTAL EXPENDITURES	$0	$0	$2,963	$2,963	$0	
						
EXCESS REVENUES (EXPENDITURES)	$940,925	$942,030	-$2,311	$938,919	$1,039,572	
(1) Prior year balance transferred into Capital Reserve Fund

Double Branch Community Development District
Exhibit “A”

General Fund - Beginning Fund Balance - 10/1/17	$	64,276	
Recreation Fund - Beginning Fund Balance - 10/1/17	$	395,786	
Estimated General Fund Balance - Fiscal Year 2018	$	140	
Estimated Recreation Fund Balance - Fiscal Year 2018	$	1,400	

Allocation of Operating Reserves Estimated Funds Available

Total Estimated Funds Available - 9/30/2018	 $	461,602 

Allocation of  Funds Available

General Fund Operating Reserve - First Quarter Operating Capital	

$	41,555	
Recreation Fund Operating Reserve - First Quarter Operating Capital	  $	352,112 	
Total Reserve	  $	393,667 	
Total Working Capital Surplus	  $	67,935 	

Funds Availabe for FY 2019
Capital Reserve Funds - Beginning Fund Balnce

Beginning Fund Balance - 10/1/17	$	838,330	
Projected Excess Revenues - Fiscal Year 2018	  $	99,632 	
Total Estimated Fund Available - 9/30/18	  $	938,299 	

Capital Reserve Funding - FY 2019
Landscape Reserve est. at 10/1/2018	$	35,000	
Capital Projects Reserve at 10/1/2018	$	15,565	
Pool Pump Reserve at 10/1/2018	$	6,500	
General Reserve at 10/1/2018	$	22,894	
General Fund Reserve at 10/1/2018	  $	15,829 	
Total Funding FY 2019	$	95,788	
		
Total Estimate Reserve Fund Balances - 9/30/18	  $ 1,034,087