Double Branch
Community Development District

Approved Budget FY 2020

Double Branch Community Development District

Table of Contents

Pages

General Fund	1
General Fund Narrative	2-4
Recreation Fund	5-6
Recreation Narrative	7-16
Debt Service	17
Debt Service Fund - Series 2006A Amortization	18-19
Assessment Allocation	20
Capital Reserve Fund	21
Exhibit 'A'	22

Double Branch
Community Development District									
General Fund	
	Adopted		Actual		Projected		Total		Approved	

 Description		Budget
 	FY 2019			YTD
 	3/31/19			Next 6
 	Months			Projected
 	FY 2019			Budget
 	FY 2020		

Revenues										
Maintenance Assessments	$177,985		$173,044		$4,940		$177,985		$177,985	
Interest Income	$200		$118		$100		$218		$200	
Miscellaneous Income	$0		$622		$0		$622		$0	
Total Revenues	 	$178,185 		 	$173,784 		 	$5,040 		 	$178,825 		 	$178,185 	
Expenditures										
Administrative										
Supervisor Fees	$12,000		$5,400		$5,400		$10,800		$12,000	
FICA Expense	$918		$413		$413		$826		$918	
Engineering	$5,000		$0		$2,500		$2,500		$5,000	
Arbitrage	$700		$0		$700		$700		$700	
Dissemination	$1,333		$1,166		$666		$1,833		$1,333	
Assessment Roll	$7,821		$7,520		$0		$7,520		$7,821	
Attorney	$42,000		$13,184		$4,395		$17,579		$42,000	
Annual Audit	$5,900		$0		$4,500		$4,500		$5,900	
Trustee Fees	$8,014		$8,815		$0		$8,815		$8,815	
Management Fees	$59,963		$29,982		$29,981		$59,963		$59,963	
Information Technology	$1,942		$971		$971		$1,942		$1,942	
Telephone	$290		$248		$200		$448		$290	
Postage	$1,900		$858		$800		$1,658		$1,900	
Printing & Binding	$3,400		$1,384		$1,200		$2,584		$3,400	
Records Storage	$300		$0		$300		$300		$300	
Insurance	$8,350		$7,743		$0		$7,743		$8,130	
Legal Advertising	$2,000		$335		$300		$635		$2,000	
Office Supplies	$350		$111		$75		$186		$350	
Wobsite Compliance	$0		$2,250		$0		$2,250		$2,250	
Dues, Licenses & Subscriptions	$175		$175		$0		$175		$175	
Reserve	$15,829		$15,829		$0		$15,829		$12,998	
Administrative Expenses	 	$178,185 		 	$96,384 		 	$52,402 		 	$148,786 		 	$178,185 	
Excess Revenues (Expenses)	 	$0		 	77,400 		 	(47,361) 		 	30,039 		 	$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 2020

Adopted	Actual	Projected	Total	Approved

Budget

YTD

Next 6

Projected

Budget

 Description		 	FY 2019	 3/31/19	 Months	 FY 2019	 FY 2020	

Revenues		
Maintenance Assessments	$1,462,648	$1,422,047	$40,601	$1,462,648	$1,462,648	
Interest Income	$1,000	$1,586	$1,250	$2,836	$1,000	
Amenities Revenue/Miscellaneous	$33,690	$14,789	$15,000	$29,789	$33,690	
Sports Revenue	$11,000	$1,260	$7,500	$8,760	$11,000	
Carry Forward Surplus	$0	$0	$0	$0	$45,921	
Total Revenues	$1,508,338	$1,439,683	$64,351	$1,504,033	$1,554,259	

Expenditures						
Administrative						
Management Fees - On Site Staff	$158,965	$84,974	$85,014	$169,988	$178,487	
Insurance	$62,789	$61,127	$0	$61,127	$62,789	
Other Current Charges	$3,818	$913	$800	$1,713	$3,818	
Permit Fees	$1,635	$612	$500	$1,112	$1,635	
Administrative Expenses	$227,207	$147,625	$86,314	$233,939	$246,729	

Maintenance						
Security	$50,920	$25,415	$25,415	$50,829	$50,920	
Security - Clay County Off-Duty Sheriff	$43,050	$22,200	$21,000	$43,200	$43,050	
Water - Irrigation	$9,000	$1,311	$1,080	$2,391	$9,000	
Irrigation Maintenance	$4,250	$1,835	$1,500	$3,335	$4,250	
Streetlighting	$33,066	$14,178	$14,238	$28,416	$33,066	
Electric	$42,000	$16,941	$15,600	$32,541	$42,000	
Landscape Maintenance	$315,774	$143,561	$192,000	$335,561	$371,004	
Common Area Maintenance	$43,564	$14,625	$9,000	$23,625	$43,564	
Lake Maintenance	$28,116	$12,174	$12,174	$24,348	$28,116	
Landscape Reserve	$35,000	$35,000	$0	$35,000	$30,000	
Capital Reserve	$15,565	$15,656	$0	$15,656	$15,565	
Repairs and Replacement	$88,996	$74,982	$25,000	$99,982	$88,996	
General Reserve	$26,759	$26,759	$0	$26,759	$26,759	
Common Area Expenses	$736,060	$404,637	$317,007	$721,643	$786,290	

Recreation Facility Amenity Staff	

$141,766	

$41,810	

$65,000	

$106,810	

$110,000	
Refuse Services	$6,120	$4,345	$4,260	$8,605	$6,120	
Telephone	$5,592	$1,943	$1,650	$3,593	$5,592	
Electric	$59,300	$22,995	$16,500	$39,495	$59,300	
Cable	$12,319	$3,382	$3,420	$6,802	$12,319	
Pool Maintenance	$56,616	$22,858	$24,000	$46,858	$56,616	
Water / Sewer/Reclaim	$65,000	$19,253	$18,500	$37,753	$65,000	
Facility Maintenance-General	$35,500	$16,355	$7,500	$23,855	$43,500	
Facility Maintenance-Preventative	$13,117	$3,144	$1,250	$4,394	$13,117	
Facility Maintenance - Contingency	$34,750	$15,436	$7,500	$22,936	$34,750	
Lighting Repairs	$8,500	$3,501	$1,500	$5,001	$8,500	
Special Events	$10,500	$1,753	$5,000	$6,753	$10,500	
Office Supplies & Equipment	$6,664	$328	$500	$828	$6,664	
Janitorial	$49,012	$24,205	$15,000	$39,205	$51,012	

Adopted	Actual	Projected	Total	Approved

Budget

YTD

Next 6

Projected

Budget

 Description		 	FY 2019	 3/31/19	 Months	 FY 2019	 FY 2020	
Recreation Passes	$7,565	$1,827	$1,500	$3,327	$5,500	
Pool Pump Reserve	$6,500	$6,500	$0	$6,500	$6,500	
Pool Leak Repairs	$5,000	$0	$2,500	$2,500	$5,000	
Multiuse Field	$21,250	$0	$0	$0	$21,250	
Recreation Facility Expenses	$545,071	$189,635	$175,580	$365,215	$521,240	
						
Total Expenses	$1,508,338	$741,898	$578,901	$1,320,798	$1,554,259	
						
Excess Revenues(Expenses)	$0	$697,785	(514,550)	183,235	$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 Staff
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 director, fitness center/access director, 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
Allied Universal Services provides the District with Athletic Center and Common area security patrol.

Description	Monthly	Annual	
Security Contract	$	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 Verdego 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	$	30,917	$	371,004	

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	
Lake Maintenance 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.

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

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. Also covers miscellaneous repairs around the District for the FY.

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

Recreation Facility:

Amenity Staff
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. Also covers front desk personnel at the Fitness Center.

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	$	289	$	3,472	
Total	$	466	$	5,592	

Electric
Cost of electric associated with the Recreation facility and Fitness Center provided by Clay Electric:

Account Number	Description	Monthly	Annual	
5217088	370 Oakleaf Village Pkwy	$	3,663	$ 43,953	
8763369	382 Oakleaf Village Pkwy	$	988	$ 11,858	
	Contingency	$	291	$	3,489	
Total		$	4,942	$ 59,300	

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 District is contracted with RMS for the cleaning, water testing, and treatment of the Amenity Center pools. During summer months, district employees will help with basic poolside cleaning such as brushing, skimming, and tile cleaning. Additionally, GMS staff handles the annual maintenance projects on the pool and deck features. The amount is based upon the following:

Description	Monthly	Annual	
Pool Maintenance Contract	$	1,437	$	17,244	
Fuel Surcharge	$	85	$	1,020	
Pool Chemical 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	$	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		$	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.

Vendor	Description	Annual	
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	
Contingency		$	7,500	
Total		$ 13,117	

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	
Janitorial Contract	$	4,000	$	48,000	
Supplies	$	251	$	3,012	
Total	$	4,251	$	51,012	

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.

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

	Adopted
Budget		Actual
YTD		Projected
Next 6		Total
Projected		Approved
Budget	
 Description			 	FY 2019			 	3/31/19			 	Months			 	FY 2019			     FY 2020		
Revenues											
Carry Forward Surplus		$589,465		$569,092		$0		$569,092		$516,046	
Special Assessments		$1,962,561		$1,909,243		$53,318		$1,962,561		$1,962,561	
Interest Income		$6,000		$21,701		$15,000		$36,701		$10,000	
Total Revenues		 	$2,558,026 		 	$2,500,035 		 	$68,318 		 	$2,568,354 		   $2,488,607 	

Expenditures											
Series 2013A-1											
Interest 11/1		$397,144		$397,144		$0		$397,144		$384,252	
Interest 5/1		$397,144		$0		$397,144		$397,144		$384,252	
Principal 5/1		$955,000		$0		$955,000		$955,000		$980,000	
								.			
Series 2013A-2											
Interest 11/1		$60,663		$60,519		$0		$60,519		$54,913	
Prepayment Call Due 11/1		$25,000		$105,000		$0		$105,000		$0	
Interest 5/1		$60,663		$0		$57,500		$57,500		$54,913	
Principal 5/1		$85,000		$0		$80,000		$80,000		$85,000	
Total Expenses		 	$1,980,614 		 	$562,663 		 	$1,489,644 		 	$2,052,308 		    $1,943,329 	
EXCESS REVENUES / (EXPENDITURES)		 	$577,412 		 	$1,937,372 		    (1,421,326) 		 	$516,046 		 	$545,278 	
Interest November 1, 2020	Series 2013A-1	$ 369,551.88	
	Series 2013A-2	   $ 52,468.75 	
	Total	   $ 422,020.63 	

	
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 17

DATE	
PRINCIPAL	
COUPON	
INTEREST	
DEBT SERVICE	ANNUAL DEBT SERVICE	BOND BALANCE	

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	   $ 19,430,000 	   $  6,987,344	$  26,417,344	$ 27,769,488 		

DATE	

PRINCIPAL	

COUPON	

INTEREST	
DEBT SERVICE	ANNUAL DEBT SERVICE	
BOND BALANCE	
	
11/1/19		5.75%	54,912.50	54,912.50	54,912.50	1,910,000	
5/1/20	85,000	5.75%	54,912.50	139,912.50		1,910,000	
11/1/20		5.75%	52,468.75	52,468.75	192,381.25	1,825,000	
5/1/21	85,000	5.75%	52,468.75	137,468.75		1,825,000	
11/1/21		5.75%	50,025.00	50,025.00	187,493.75	1,740,000	
5/1/22	90,000	5.75%	50,025.00	140,025.00		1,740,000	
11/1/22		5.75%	47,437.50	47,437.50	187,462.50	1,650,000	
5/1/23	100,000	5.75%	47,437.50	147,437.50		1,650,000	
11/1/23		5.75%	44,562.50	44,562.50	192,000.00	1,550,000	
5/1/24	105,000	5.75%	44,562.50	149,562.50		1,550,000	
11/1/24		5.75%	41,543.75	41,543.75	191,106.25	1,445,000	
5/1/25	110,000	5.75%	41,543.75	151,543.75		1,445,000	
11/1/25		5.75%	38,381.25	38,381.25	189,925.00	1,335,000	
5/1/26	115,000	5.75%	38,381.25	153,381.25		1,335,000	
11/1/26		5.75%	35,075.00	35,075.00	188,456.25	1,220,000	
5/1/27	125,000	5.75%	35,075.00	160,075.00		1,220,000	
11/1/27		5.75%	31,481.25	31,481.25	191,556.25	1,095,000	
5/1/28	130,000	5.75%	31,481.25	161,481.25		1,095,000	
11/1/28		5.75%	27,743.75	27,743.75	189,225.00	965,000	
5/1/29	140,000	5.75%	27,743.75	167,743.75		965,000	
11/1/29		5.75%	23,718.75	23,718.75	191,462.50	825,000	
5/1/30	145,000	5.75%	23,718.75	168,718.75		825,000	
11/1/30		5.75%	19,550.00	19,550.00	188,268.75	680,000	
5/1/31	155,000	5.75%	19,550.00	174,550.00		680,000	
11/1/31		5.75%	15,093.75	15,093.75	189,643.75	525,000	
5/1/32	165,000	5.75%	15,093.75	180,093.75		525,000	
11/1/32		5.75%	10,350.00	10,350.00	190,443.75	360,000	
5/1/33	175,000	5.75%	10,350.00	185,350.00		360,000	
11/1/33		5.75%	5,318.75	5,318.75	190,668.75	185,000	
5/1/34	185,000	5.75%	5,318.75	190,318.75		185,000	
11/1/34	 		 	190,318.75 	0	
TOTAL	   $ 1,910,000 	   $	995,325	$ 2,905,325	$ 2,905,325 		

Double Branch
Community Development District				
Capital Reserve Fund	
	Adopted	Actual	Projected	Total	Approved	

Description	Budget FY 2019	YTD 3/31/19	Next 6 Months	Projected	Budget
FY 2019	FY 2020	

REVENUES:					
Carry Forward Surplus (1)	$938,919	$1,045,821	$0	$1,045,821	$1,148,028	
Interest Income	$1,000	$1,263	$1,200	$2,463	$1,000	
Transfer In - Landscape Reserve	$35,000	$35,000	$0	$35,000	$30,000	
Transfer In - Capital Reserve	$15,565	$15,656	$0	$15,656	$15,565	
Transfer In - Pool Pump Reserve	$6,500	$6,500	$0	$6,500	$6,500	
Transfer In - General Reserve	$26,759	$26,759	$0	$26,759	$26,759	
Transfer In - General Fund Reserve	$15,829	$15,829	$0	$15,829	$12,998	

TOTAL REVENUES	 $1,039,572	$1,146,828	$1,200	$1,148,028	$1,240,850 

EXPENDITURES:		
Other Current Charges	$0	$0	$0	$0	$0	
Landscape Reserve	$0	$0	$0	$0	$0	
Capital Projects	$0	$0	$0	$0	$0	
Pool Pump Reserve	$0	$0	$0	$0	$0	
General Reserve	$0	$0	$0	$0	$0	

TOTAL EXPENDITURES	 	$0	$0	$0	$0	$0 

EXCESS REVENUES (EXPENDITURES)	 $1,039,572	$1,146,828	$1,200	$1,148,028	$1,240,850 

(1) Prior year balance transferred into Capital Reserve Fund

Page 21