Double Branch
Community Development District

Approved Budget FY 2023

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	
Reserve Study Funding Plan	22	
Exhibit 'A'	23	

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

 Description		Budget
	FY 2022			YTD
	4/30/22			Next 5
	Months			Projected
	FY 2022			Budget
	FY 2023		

Revenues										
Maintenance Assessments	$	177,890		$	176,873		$	1,017		$	177,890		$	177,890	
Interest Income	$	200		$	10		$	10		$	20		$	200	
Total Revenues	 $	178,090 		 $	176,883 		 $	1,027 		 $	177,910 		 $	178,090 	
Expenditures										
Administrative										
Supervisor Fees	$	12,000		$	6,600		$	5,400		$	12,000		$	12,000	
FICA Expense	$	918		$	541		$	413		$	954		$	1,000	
Engineering	$	5,000		$	195		$	4,500		$	4,695		$	5,000	
Arbitrage	$	700		$	-		$	700		$	700		$	700	
Dissemination	$	1,600		$	875		$	725		$	1,600		$	1,600	
Assessment Roll	$	8,212		$	8,212		$	-		$	8,212		$	8,212	
Attorney	$	42,000		$	13,616		$	27,750		$	41,366		$	42,000	
Annual Audit	$	5,900		$	-		$	5,900		$	5,900		$	5,000	
Trustee Fees	$	8,815		$	-		$	8,815		$	8,815		$	8,815	
Management Fees	$	61,762		$	36,028		$	25,734		$	61,762		$	64,850	
Information Technology	$	2,142		$	1,250		$	893		$	2,142		$	2,142	
Telephone	$	600		$	252		$	348		$	600		$	600	
Postage	$	1,900		$	242		$	1,650		$	1,892		$	1,900	
Printing & Binding	$	3,000		$	198		$	1,750		$	1,948		$	2,000	
Records Storage	$	300		$	-		$	150		$	150		$	300	
Insurance	$	9,166		$	8,625		$	-		$	8,625		$	10,351	
Legal Advertising	$	2,800		$	591		$	2,202		$	2,793		$	2,800	
Office Supplies	$	350		$	10		$	290		$	300		$	300	
Website Compliance	$	2,500		$	1,458		$	1,042		$	2,500		$	2,500	
Dues, Licenses & Subscriptions	$	175		$	175		$	-		$	175		$	175	
Reserve	$	8,250		$	-		$	8,250		$	8,250		$	5,845	
Administrative Expenses	 $	178,090 		 $	78,867 		 $	96,512 		 $	175,378 		 $	178,090 	
Excess Revenues (Expenses)	 $	0 		 $	98,016 		 $ (95,485) 		 $	2,531 		 $	-		

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 Series 2013 A-1 and Series 2013 A-2 Special Assessment Refunding Bonds.

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. Kutak Rock, LLP 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 A-1 and $2,900,000 of Series 2013 A-2 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
Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc. Service provided by Governmental Management Services, LLC.

Website Maintenance
Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc. Service provided by Governmental Management Services, LLC.

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 2023.

Adopted
Budget	Actual
YTD	Projected
Next 5	Total
Projected	Approved
Budget	
 Description			FY 2022	 	4/30/22	Months	   FY 2022	 	FY 2023		

Revenues						
Maintenance Assessments	$ 1,462,648	$	1,454,289	$	8,359	$ 1,462,648	$  1,873,505	
Interest Income	$	1,000	$	263	$	300	$	563	$	1,000	
Amenities Revenue/Miscellaneous	$	40,000	$	16,866	$	11,000	$	27,866	$	40,000	
Sports Revenue	$	13,000	$	3,425	$	5,000	$	8,425	$	13,000	
Total Revenues	$ 1,516,648	$	1,474,843	$	24,659	$ 1,499,502	$  1,927,505	

Expenditures						
Administrative						
Management Fees - On Site Staff	$	192,766	$	112,447	$	80,319	$  192,766	$	208,187	
Insurance	$	74,118	$	75,451	$	-	$	75,451	$	87,892	
Other Current Charges	$	3,500	$	1,991	$	1,509	$	3,500	$	3,500	
Permit Fees	$	1,635	$	448	$	1,187	$	1,635	$	1,635	
Administrative Expenses	$	272,019	$	190,337	$	83,015	$  273,352	$	301,214	

Maintenance						
Security	$	85,000	$	46,931	$	37,022	$	83,954	$	94,257	
Security - Clay County Off-Duty Sheriff	$	43,000	$	26,112	$	18,652	$	44,764	$	54,438	
Water - Irrigation	$	9,000	$	4,739	$	7,525	$	12,264	$	12,300	
Irrigation Maintenance	$	4,250	$	1,231	$	2,978	$	4,209	$	4,250	
Streetlighting	$	33,066	$	16,354	$	13,681	$	30,035	$	31,000	
Electric	$	35,000	$	16,561	$	16,967	$	33,528	$	35,000	
Landscape Maintenance	$	389,777	$	227,470	$ 162,405	$  389,875	$	422,908	
Common Area Maintenance	$	52,000	$	31,860	$	22,757	$	54,617	$	55,000	
Lake Maintenance	$	26,840	$	14,490	$	12,350	$	26,840	$	27,840	
Capital Reserve	$	-	$	-	$	-	$	-	$	190,000	
Repairs and Replacement	$	105,000	$	52,605	$	47,395	$  100,000	$	221,722	
Common Area Expenses	$	782,933	$	438,354	$ 341,733	$  780,087	$  1,148,714	

Adopted	Actual	Projected	Total	Approved	
Budget	YTD	Next 5	Projected	Budget	
 Description			FY 2022	 	4/30/22	Months	   FY 2022	 	FY 2023	

Recreation Facility		
Amenity Staff	$	118,000	$	43,925	$	74,075	$  118,000	$	129,800	
Refuse Services	$	10,000	$	6,889	$	8,500	$	15,389	$	14,479	
Telephone	$	5,500	$	2,931	$	2,100	$	5,031	$	5,500	
Electric	$	40,000	$	14,642	$	25,000	$	39,642	$	40,000	
Cable	$	8,500	$	4,406	$	3,940	$	8,346	$	8,500	
Pool Maintenance	$	40,000	$	15,752	$	22,535	$	38,287	$	40,000	
Water / Sewer/Reclaim	$	48,000	$	27,677	$	19,769	$	47,446	$	48,000	
Facility Maintenance-General	$	50,000	$	25,153	$	17,966	$	43,119	$	50,000	
Facility Maintenance-Preventative	$	13,117	$	2,310	$	10,562	$	12,872	$	13,717	
Facility Maintenance - Contingency	$	34,750	$	15,754	$	17,253	$	33,007	$	34,750	
Lighting Repairs	$	8,500	$	4,930	$	3,521	$	8,451	$	8,500	
Special Events	$	10,500	$	822	$	7,439	$	8,261	$	10,500	
Office Supplies & Equipment	$	2,000	$	591	$	1,409	$	2,000	$	2,000	
Janitorial	$	64,000	$	32,433	$	28,452	$	60,885	$	64,000	
Recreation Passes	$	4,000	$	1,374	$	1,625	$	2,999	$	3,000	
Pool Leak Repairs	$	2,500	$	-	$	1,125	$	1,125	$	2,500	
Multiuse Field	$	2,330	$	-	$	1,165	$	1,165	$	2,330	
Recreation Facility Expenses	$	461,697	$	199,588	$ 246,437	$  446,025	$	477,576	
						
Total Expenses	$ 1,516,648	$	828,279	$ 671,184	$ 1,499,463	$  1,927,505	
						
Excess Revenues(Expenses)	$	-	$	646,564	$ (646,525)	$	39	$	-	

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
The cost of security patrol for the District with Athletic Center and Common area.

Description	Monthly	Annual

Security Contract

$	7,855	$

94,257

Total	$	94,257

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	
83744906	2226 Pebblewood LA Apt 1	$	19	$	228	
66042924	302 Oakleaf Village Parkway	$	19	$	228	
61929298	3468 Worthington Oaks Drive Apt 1	$	19	$	228	
86638010	3570 Silver Bluff Boulevard Apt 1	$	918	$  11,016	
60770057	563 Acornridge Lane Apt 1	$	32	$	384	
	Contingency	$	18	$	216	
Total		$	1,025	$ 12,300	

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	$	210	$	2,520	
5379615	East Side of Brannanfield	$	2,122	$  25,464	
	Contingency	$	251	$	3,016	
Total		$	2,583	$ 31,000	

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	$	820	$	9,840	
4995718	370-1 Oakleaf Village Pkwy	$	330	$	3,960	
5347943	3926-1 Plantation Oaks Blvd	$	125	$	1,500	
5715289	1591 Canopy Oaks Dr - Irrigation	$	130	$	1,560	
5774021	2971 Thorncrest Dr	$	35	$	420	
6875140	373-1 Oakleaf Village Center	$	100	$	1,200	
6912612	608-1 Oakleaf Village Pkwy	$	35	$	420	
6912653	603-2 Oakleaf Village Pkwy	$	35	$	420	
6912661	602-1 Oakleaf Village Pkwy	$	35	$	420	
6912687	537-1 Oakleaf Village Pkwy	$	35	$	420	
6912695	529-1 Oakleaf Village Pkwy	$	35	$	420	
6912703	3925-1 Plantation Oaks Blvd	$	35	$	420	
6912729	3860-1 Plantation Oaks Blvd	$	35	$	420	
6912737	3859-1 Plantation Oaks Blvd	$	35	$	420	
6912752	3805-1 Plantation Oaks Blvd	$	35	$	420	
6912760	3800-1 Plantation Oaks Blvd	$	35	$	420	
6912778	3306-1 Village Oaks Lane	$	35	$	420	
6912786	465-1 Oakleaf Village Pkwy	$	35	$	420	
6912810	3801-1 Plantation Oaks Blvd	$	35	$	420	
6912828	728-1 Bellshire Drive	$	35	$	420	
6912836	721-1 Bellshire Lane	$	35	$	420	
6912869	715-1 Wakemont Drive	$	35	$	420	
6912877	3219-1 Stonebrier Ridge Drive	$	35	$	420	
6912893	576-1 Wakemount Drive	$	35	$	420	
6912901	507-1 Millstone Drive	$	35	$	420	
6912919	498-1 Millstone Drive	$	35	$	420	
6912927	3442-1 Worthington Oaks Drive	$	35	$	420	
6912943	309-1 Oakleaf Village Pkwy	$	35	$	420	
6912950	373-2 Oakleaf Village Pkwy	$	35	$	420	
6912968	308-1 Oakleaf Village Pkwy	$	35	$	420	
6912976	358-2 Oakleaf Village Pkwy	$	35	$	420	
7131527	3206-1 Silver Bluff Blvd	$	35	$	420	
7332257	3168 Stonebrier Ridge	$	330	$	3,960	
8684243	571 Oakleaf Village Pkwy	$	35	$	420	
	Contingency	$	102	$	1,220	
Total		$	2,917	$ 35,000	

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

$	35,242	$

422,908

Total	$	422,908

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 is 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	$	2,153	$	25,840	
Contingency	$	167	$	2,000	
Total	$	2,320	$	27,840	

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.

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 Waste Management 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 Amenity	$	212	$	2,544	
AT&T Fitness Center	$	197	$	2,364	
Contingency	$	49	$	592	
Total	$	458	$	5,500	

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	$	2,225	$  26,700	
8763369	382 Oakleaf Village Pkwy	$	655	$	7,860	
	Contingency	$	453	$	5,440	
Total		$	3,333	$ 40,000	

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

Account Number	Description	Monthly	Annual	
8495 7414 4108 3370	Comcast - Facility Center	$	300	$	3,600	
8495 7414 4100 9267	Comcast - Fitness	$	355	$	4,260	
	Contingency	$	53	$	640	
Total		$	708	$	8,500	

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	$	2,307	$	27,684	
Contingency	$	1,026	$	12,316	
Total	$	3,333	$	40,000	

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	
76832466	370 Oakleaf Village Parkway - Water	$	615	$	7,380	
76832466	370 Oakleaf Village Parkway - Sewer	$	300	$	3,600	
80532813	370 Oakleaf Village Parkway - Pool	$	750	$	9,000	
Fire Sprinkler	371 Oakleaf Village Parkway - Sprinkl	$	42	$	504	
Total JEA $	1,707	$ 20,484	
201224	566-1 Oakleaf Village Parkway	$	900	$  10,800	
191992	716-1 Wakemont Dirve Reclaim	$	150	$	1,800	
206121	3178-1 Wandering Oaks Drive	$	32	$	378	
206125	1505-1 Canopy Oaks Drive R	$	42	$	504	
206136	1591-1 Canopy Oaks Drive R	$	600	$	7,200	
206376	3701-1 Thousand Oaks Drive	$	29	$	349	
206379	3713-1 Thousand Oaks Drive	$	135	$	1,620	
206380	1940-1 Woodworth Drive Reclaim	$	30	$	359	
206381	3659-1 Thousand Oaks Drive	$	30	$	360	
207243	603-1 Waterford Oaks Drive	$	30	$	360	
238253	1422-1 Bitterberry Drive Reclaim	$	30	$	360	
238254	1206-1 Bedrock Drive Reclaim	$	30	$	360	
	Total CCUA	$	2,038	$ 24,450	
	Contingency	$	255	$	3,066	
Total		$	4,000	$ 48,000	

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	$	1,760	
Paula's Pest Control	Quarterly Service	$	620	
Certified Air Contractors	Bi-Monthly Service	$	5,160	
Jacksonville Sound & Communication	Alarm System Inspection	$	744	
Termite Bond	Preventative	$	1,530	
Contingency		$	3,903	
Total		$ 13,717	

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 provide for all residents of Oakleaf Plantation.

Office Supplies and Equipment
Office supplies for the Amenity Center. Lease agreement with Cannon ($167/month) $2000 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	$	4,633	$	55,600	
Supplies	$	500	$	6,000	
Mat Cleaning- Fitness Room	$	200	$	2,400	
Total	$	5,333	$	64,000	

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.

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 5		Total
Projected		Approved
Budget	
 Description				FY 2022				4/30/22				Months				FY 2022			  FY 2023		
Revenues											
Special Assessments		$	1,961,878		$	1,951,597		$	10,281		$	1,961,878		$ 1,961,878	
Interest Income		$	800		$	429		$	500		$	929		$	1,000	
Carry Forward Surplus		$	591,295		$	592,200		$	-		$	592,200		$  613,908	
Total Revenues		 $  2,553,973 		 $  2,544,226 		 $	10,781 		 $	2,555,008 		 $2,576,786 	

Expenditures											
Series 2013A-1											
Interest 11/1	$	353,312	$	353,312	$	-	$	353,312	$  335,547	
Interest 5/1	$	353,312	$	-	$	353,312	$	353,312	$  335,547	
Principal 5/1	$	1,045,000	$	-	$  1,045,000	$	1,045,000	$ 1,085,000	

Series 2013A-2		
Interest 11/1	$	49,738		$	49,738		$	-		$	49,738		$	47,150	
Interest 5/1	$	49,738		$	-		$	49,738		$	49,738		$	47,150	
Principal 5/1	$	90,000		$	-		$	90,000		$	90,000		$	95,000	
Total Expenses	 $	1,941,099 		 $	403,049 		 $  1,538,049 		 $	1,941,099 		 $ 1,945,394 	
EXCESS REVENUES / (EXPENDITURES)	 $	612,874 		 $  2,141,177 		 $ (1,527,268) 		 $	613,908 		 $ 631,393 	

Interest November 1, 2023	
Series 2013A-1	
$	315,881	
	Series 2013A-2	 $	44,419 	
	Total	 $	360,300 	

Unit Type	
Units	Per Unit
Assessment	Gross
Assessment	
Single Family	2,205	$	878	$  1,935,800	
Multi-Family	276	$	605	 $	167,116 	
Total Gross Assessment			$  2,102,917	

			

.			

Less: Discounts and Collections (6%) Total Net Assessment

 $	141,039 
 $  1,961,878 

Double Branch		Amortization Schedule Community Development District	Series 2013A-1 Special Assessment Refunding Bonds

DATE	BOND BALANCE	
PRINCIPAL	
COUPON	
INTEREST	ANNUAL DEBT SERVICE	

5/1/22	$ 17,435,000	$	1,045,000	3.40%	$	353,312		
11/1/22				$	335,547	$	1,733,859	
5/1/23	$ 16,390,000	$	1,085,000	3.63%	$	335,547		
11/1/23				$	315,881	$	1,736,428	
5/1/24	$ 15,305,000	$	1,125,000	3.75%	$	315,881		
11/1/24				$	294,788	$	1,735,669	
5/1/25	$ 14,180,000	$	1,170,000	4.00%	$	294,788		
11/1/25				$	271,388	$	1,736,175	
5/1/26	$ 13,010,000	$	1,220,000	4.13%	$	271,388		
11/1/26				$	246,225	$	1,737,613	
5/1/27	$ 11,790,000	$	1,270,000	4.13%	$	246,225		
11/1/27				$	220,031	$	1,736,256	
5/1/28	$ 10,520,000	$	1,320,000	4.13%	$	220,031		
11/1/28				$	192,806	$	1,732,838	
5/1/29	$ 9,200,000	$	1,380,000	4.13%	$	192,806		
11/1/29				$	164,344	$	1,737,150	
5/1/30	$ 7,820,000	$	1,435,000	4.13%	$	164,344		
11/1/30				$	134,747	$	1,734,091	
5/1/31	$ 6,385,000	$	1,495,000	4.13%	$	134,747		
11/1/31				$	103,913	$	1,733,659	
5/1/32	$ 4,890,000	$	1,560,000	4.25%	$	103,913		
11/1/32				$	70,763	$	1,734,675	
5/1/33	$ 3,330,000	$	1,630,000	4.25%	$	70,763		
11/1/33				$	36,125	$	1,736,888	
5/1/34	$ 1,700,000	$	1,700,000	4.25%	$	36,125		
11/1/34	 			$	1,736,125 	
TOTAL	 $ 17,435,000 	 $	6,218,840	$ 26,033,092 	

Double Branch		Amortization Schedule Community Development District	Series 2013A-2 Special Assessment Refunding Bonds

DATE	BOND BALANCE	
PRINCIPAL	
COUPON	
INTEREST	ANNUAL DEBT SERVICE	

5/1/22	$	1,730,000	$	90,000	5.75%	$	49,738		
11/1/22			5.75%	$	47,150	$	186,888	
5/1/23	$	1,640,000	$	95,000	5.75%	$	47,150		
11/1/23			5.75%	$	44,419	$	186,569	
5/1/24	$	1,545,000	$	105,000	5.75%	$	44,419		
11/1/24			5.75%	$	41,400	$	190,819	
5/1/25	$	1,440,000	$	110,000	5.75%	$	41,400		
11/1/25			5.75%	$	38,238	$	189,638	
5/1/26	$	1,330,000	$	115,000	5.75%	$	38,238		
11/1/26			5.75%	$	34,931	$	188,169	
5/1/27	$	1,215,000	$	125,000	5.75%	$	34,931		
11/1/27			5.75%	$	31,338	$	191,269	
5/1/28	$	1,090,000	$	130,000	5.75%	$	31,338		
11/1/28			5.75%	$	27,600	$	188,938	
5/1/29	$	960,000	$	135,000	5.75%	$	27,600		
11/1/29			5.75%	$	23,719	$	186,319	
5/1/30	$	825,000	$	145,000	5.75%	$	23,719		
11/1/30			5.75%	$	19,550	$	188,269	
5/1/31	$	680,000	$	155,000	5.75%	$	19,550		
11/1/31			5.75%	$	15,094	$	189,644	
5/1/32	$	525,000	$	165,000	5.75%	$	15,094		
11/1/32			5.75%	$	10,350	$	190,444	
5/1/33	$	360,000	$	175,000	5.75%	$	10,350		
11/1/33			5.75%	$	5,319	$	190,669	
5/1/34	$	185,000	$	185,000	5.75%	$	5,319		
11/1/34	 			$	190,319 	
TOTAL	 $ 1,730,000 	 $	882,050	$	2,697,050 	

Double Branch CDD
Operation and Maintenance Assessment Allocation

Description	
Single Family	
Multi-Family	Village Center
Retail	Village Center
Office	
Total	

Units	
2,205	
276	
8,000	
35,000		
Gross Per Unit	$	898.75	$	645.64	$	1.13	$	0.52		
Gross Assessment	$	1,981,752	$	178,197	$	9,013	$	18,085	$	2,187,047	
Net Assessment (.94)	$	1,858,663	$	167,220	$	8,512	$	17,000	$	2,051,395	
		Allocation By Fund				
General Fund					$	177,890	
Recreation Fund					$	1,873,505	
Total					$	2,051,395	

FY 2022	FY 2023	$ Increase	% Increase	

Single Family	
$	718.75	
$	898.75	
$	180.00	
25%	
Multi-Family	$	516.33	$	645.64	$	129.31	25%	
Village Center Retail	$	0.90	$	1.13	$	0.23	25%	
Village Center Office	$	0.41	$	0.52	$	0.10	25%	

Double Branch
Community Development District	Capital Reserve Fund

	Adopted
Budget	Actual
YTD	Projected
Next 5	Total
Projected	Approved
Budget	
Description	FY 2022	4/30/22	Months	FY 2022	FY 2023	

REVENUES:						
Beginning Fund Balance	$ 1,385,853	$	1,426,393	$	-	$ 1,426,393	$ 1,326,829	
Interest Income	$	2,000	$	1,236	$	950	$	2,186	$	2,200	
Transfer In - Capital Reserve	$	-	$	-	$	-	$	-	$	190,000	
Transfer In - General Fund Reserve	$	8,250	$	-	$	8,250	$	8,250	$	5,845	

TOTAL REVENUES	 $ 1,396,103	$	1,427,629	$	9,200	$ 1,436,829	$ 1,524,874 

EXPENDITURES:		
Landscape Reserve	$	10,000	$	-	$	10,000	$	10,000	$	-	
Capital Projects	$  200,000	$	6,230	$	93,770	$	100,000	$	-	
Repairs & Replacements	$	-	$	-	$	-	$	-	$	570,670	
TOTAL EXPENDITURES	$	210,000	$	6,230	$	103,770	$	110,000	$	570,670	

EXCESS REVENUES (EXPENDITURES)	 $ 1,186,103	$	1,421,399	$  (94,570)  $ 1,326,829	$	954,204 

21

Double Branch CDD
Reserve Study Funding Plan
(Next 5 Years)

Fiscal Year	Beginning
Balance	
Add Funding	
Add Interest Less Expenses	Ending
Balance (budget)	Planned
Balance (Study)	% of
Planned	Replacment
Cost (Study)	

2023	
$1,326,829	
$195,845	
$2,200	
($570,670)	
$954,204	
$1,683,563	
57%	
$2,859,449	
2024	$954,204	$176,039	$2,500	($75,896)	$1,056,847	$1,865,281	57%	$3,031,016	
2025	$1,056,847	$181,320	$3,000	($89,307)	$1,151,860	$2,031,678	57%	$3,182,567	
2026	$1,151,860	$186,760	$3,500	($85,467)	$1,256,653	$2,195,262	57%	$3,309,869	

22

Double Branch Community Development District
Exhibit “A”

Allocation of Operating Reserves Estimated Funds Available
General Fund - Beginning Fund Balance - 10/1/21	$	53,990	
Recreation Fund - Beginning Fund Balance - 10/1/21	$	670,496	
Estimated General Excess Revenues - Fiscal Year 2022	$	2,531	
Estimated Recreation Excess Revenues- Fiscal Year 2022	$	39	
Total Estimated Operating Funds Available - 9/30/2022	 $	727,056 	

Allocation of Funds Available		
General Fund Operating Reserve - First Quarter Operating Capital	$	44,522	
Recreation Fund Operating Reserve - First Quarter Operating Capital	 $	481,876 	
Total Reserve	 $	526,399 	
Total Working Capital Surplus	 $	200,658 	

Capital Reserve- Beginning Fund Balance - 10/1/21	$	1,426,393	
Projected Capital Excess Revenues - Fiscal Year 2022	 $	(99,564) 	
Total Estimated Reserve Funds Available - 9/30/22	 $	1,326,829 	
Interest Earned	$	2,200	
Capital Projects Reserve	$	190,000	
General Fund Reserve	 $	5,845 	
Total Funding FY 2023	 $	198,045 	
Total Estimate Reserve Fund Balances - 9/30/23	 $	1,524,874 	

23

Double Branch
Community Development District

Approved Budget FY 2023

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	
Reserve Study Funding Plan	22	
Exhibit 'A'	23	

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

 Description		Budget
	FY 2022			YTD
	4/30/22			Next 5
	Months			Projected
	FY 2022			Budget
	FY 2023		

Revenues										
Maintenance Assessments	$	177,890		$	176,873		$	1,017		$	177,890		$	177,890	
Interest Income	$	200		$	10		$	10		$	20		$	200	
Total Revenues	 $	178,090 		 $	176,883 		 $	1,027 		 $	177,910 		 $	178,090 	
Expenditures										
Administrative										
Supervisor Fees	$	12,000		$	6,600		$	5,400		$	12,000		$	12,000	
FICA Expense	$	918		$	541		$	413		$	954		$	1,000	
Engineering	$	5,000		$	195		$	4,500		$	4,695		$	5,000	
Arbitrage	$	700		$	-		$	700		$	700		$	700	
Dissemination	$	1,600		$	875		$	725		$	1,600		$	1,600	
Assessment Roll	$	8,212		$	8,212		$	-		$	8,212		$	8,212	
Attorney	$	42,000		$	13,616		$	27,750		$	41,366		$	42,000	
Annual Audit	$	5,900		$	-		$	5,900		$	5,900		$	5,000	
Trustee Fees	$	8,815		$	-		$	8,815		$	8,815		$	8,815	
Management Fees	$	61,762		$	36,028		$	25,734		$	61,762		$	64,850	
Information Technology	$	2,142		$	1,250		$	893		$	2,142		$	2,142	
Telephone	$	600		$	252		$	348		$	600		$	600	
Postage	$	1,900		$	242		$	1,650		$	1,892		$	1,900	
Printing & Binding	$	3,000		$	198		$	1,750		$	1,948		$	2,000	
Records Storage	$	300		$	-		$	150		$	150		$	300	
Insurance	$	9,166		$	8,625		$	-		$	8,625		$	10,351	
Legal Advertising	$	2,800		$	591		$	2,202		$	2,793		$	2,800	
Office Supplies	$	350		$	10		$	290		$	300		$	300	
Website Compliance	$	2,500		$	1,458		$	1,042		$	2,500		$	2,500	
Dues, Licenses & Subscriptions	$	175		$	175		$	-		$	175		$	175	
Reserve	$	8,250		$	-		$	8,250		$	8,250		$	5,845	
Administrative Expenses	 $	178,090 		 $	78,867 		 $	96,512 		 $	175,378 		 $	178,090 	
Excess Revenues (Expenses)	 $	0 		 $	98,016 		 $ (95,485) 		 $	2,531 		 $	-		

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 Series 2013 A-1 and Series 2013 A-2 Special Assessment Refunding Bonds.

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. Kutak Rock, LLP 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 A-1 and $2,900,000 of Series 2013 A-2 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
Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc. Service provided by Governmental Management Services, LLC.

Website Maintenance
Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc. Service provided by Governmental Management Services, LLC.

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 2023.

Adopted
Budget	Actual
YTD	Projected
Next 5	Total
Projected	Approved
Budget	
 Description			FY 2022	 	4/30/22	Months	   FY 2022	 	FY 2023		

Revenues						
Maintenance Assessments	$ 1,462,648	$	1,454,289	$	8,359	$ 1,462,648	$  1,873,505	
Interest Income	$	1,000	$	263	$	300	$	563	$	1,000	
Amenities Revenue/Miscellaneous	$	40,000	$	16,866	$	11,000	$	27,866	$	40,000	
Sports Revenue	$	13,000	$	3,425	$	5,000	$	8,425	$	13,000	
Total Revenues	$ 1,516,648	$	1,474,843	$	24,659	$ 1,499,502	$  1,927,505	

Expenditures						
Administrative						
Management Fees - On Site Staff	$	192,766	$	112,447	$	80,319	$  192,766	$	208,187	
Insurance	$	74,118	$	75,451	$	-	$	75,451	$	87,892	
Other Current Charges	$	3,500	$	1,991	$	1,509	$	3,500	$	3,500	
Permit Fees	$	1,635	$	448	$	1,187	$	1,635	$	1,635	
Administrative Expenses	$	272,019	$	190,337	$	83,015	$  273,352	$	301,214	

Maintenance						
Security	$	85,000	$	46,931	$	37,022	$	83,954	$	94,257	
Security - Clay County Off-Duty Sheriff	$	43,000	$	26,112	$	18,652	$	44,764	$	54,438	
Water - Irrigation	$	9,000	$	4,739	$	7,525	$	12,264	$	12,300	
Irrigation Maintenance	$	4,250	$	1,231	$	2,978	$	4,209	$	4,250	
Streetlighting	$	33,066	$	16,354	$	13,681	$	30,035	$	31,000	
Electric	$	35,000	$	16,561	$	16,967	$	33,528	$	35,000	
Landscape Maintenance	$	389,777	$	227,470	$ 162,405	$  389,875	$	422,908	
Common Area Maintenance	$	52,000	$	31,860	$	22,757	$	54,617	$	55,000	
Lake Maintenance	$	26,840	$	14,490	$	12,350	$	26,840	$	27,840	
Capital Reserve	$	-	$	-	$	-	$	-	$	190,000	
Repairs and Replacement	$	105,000	$	52,605	$	47,395	$  100,000	$	221,722	
Common Area Expenses	$	782,933	$	438,354	$ 341,733	$  780,087	$  1,148,714	

Adopted	Actual	Projected	Total	Approved	
Budget	YTD	Next 5	Projected	Budget	
 Description			FY 2022	 	4/30/22	Months	   FY 2022	 	FY 2023	

Recreation Facility		
Amenity Staff	$	118,000	$	43,925	$	74,075	$  118,000	$	129,800	
Refuse Services	$	10,000	$	6,889	$	8,500	$	15,389	$	14,479	
Telephone	$	5,500	$	2,931	$	2,100	$	5,031	$	5,500	
Electric	$	40,000	$	14,642	$	25,000	$	39,642	$	40,000	
Cable	$	8,500	$	4,406	$	3,940	$	8,346	$	8,500	
Pool Maintenance	$	40,000	$	15,752	$	22,535	$	38,287	$	40,000	
Water / Sewer/Reclaim	$	48,000	$	27,677	$	19,769	$	47,446	$	48,000	
Facility Maintenance-General	$	50,000	$	25,153	$	17,966	$	43,119	$	50,000	
Facility Maintenance-Preventative	$	13,117	$	2,310	$	10,562	$	12,872	$	13,717	
Facility Maintenance - Contingency	$	34,750	$	15,754	$	17,253	$	33,007	$	34,750	
Lighting Repairs	$	8,500	$	4,930	$	3,521	$	8,451	$	8,500	
Special Events	$	10,500	$	822	$	7,439	$	8,261	$	10,500	
Office Supplies & Equipment	$	2,000	$	591	$	1,409	$	2,000	$	2,000	
Janitorial	$	64,000	$	32,433	$	28,452	$	60,885	$	64,000	
Recreation Passes	$	4,000	$	1,374	$	1,625	$	2,999	$	3,000	
Pool Leak Repairs	$	2,500	$	-	$	1,125	$	1,125	$	2,500	
Multiuse Field	$	2,330	$	-	$	1,165	$	1,165	$	2,330	
Recreation Facility Expenses	$	461,697	$	199,588	$ 246,437	$  446,025	$	477,576	
						
Total Expenses	$ 1,516,648	$	828,279	$ 671,184	$ 1,499,463	$  1,927,505	
						
Excess Revenues(Expenses)	$	-	$	646,564	$ (646,525)	$	39	$	-	

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
The cost of security patrol for the District with Athletic Center and Common area.

Description	Monthly	Annual

Security Contract

$	7,855	$

94,257

Total	$	94,257

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	
83744906	2226 Pebblewood LA Apt 1	$	19	$	228	
66042924	302 Oakleaf Village Parkway	$	19	$	228	
61929298	3468 Worthington Oaks Drive Apt 1	$	19	$	228	
86638010	3570 Silver Bluff Boulevard Apt 1	$	918	$  11,016	
60770057	563 Acornridge Lane Apt 1	$	32	$	384	
	Contingency	$	18	$	216	
Total		$	1,025	$ 12,300	

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	$	210	$	2,520	
5379615	East Side of Brannanfield	$	2,122	$  25,464	
	Contingency	$	251	$	3,016	
Total		$	2,583	$ 31,000	

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	$	820	$	9,840	
4995718	370-1 Oakleaf Village Pkwy	$	330	$	3,960	
5347943	3926-1 Plantation Oaks Blvd	$	125	$	1,500	
5715289	1591 Canopy Oaks Dr - Irrigation	$	130	$	1,560	
5774021	2971 Thorncrest Dr	$	35	$	420	
6875140	373-1 Oakleaf Village Center	$	100	$	1,200	
6912612	608-1 Oakleaf Village Pkwy	$	35	$	420	
6912653	603-2 Oakleaf Village Pkwy	$	35	$	420	
6912661	602-1 Oakleaf Village Pkwy	$	35	$	420	
6912687	537-1 Oakleaf Village Pkwy	$	35	$	420	
6912695	529-1 Oakleaf Village Pkwy	$	35	$	420	
6912703	3925-1 Plantation Oaks Blvd	$	35	$	420	
6912729	3860-1 Plantation Oaks Blvd	$	35	$	420	
6912737	3859-1 Plantation Oaks Blvd	$	35	$	420	
6912752	3805-1 Plantation Oaks Blvd	$	35	$	420	
6912760	3800-1 Plantation Oaks Blvd	$	35	$	420	
6912778	3306-1 Village Oaks Lane	$	35	$	420	
6912786	465-1 Oakleaf Village Pkwy	$	35	$	420	
6912810	3801-1 Plantation Oaks Blvd	$	35	$	420	
6912828	728-1 Bellshire Drive	$	35	$	420	
6912836	721-1 Bellshire Lane	$	35	$	420	
6912869	715-1 Wakemont Drive	$	35	$	420	
6912877	3219-1 Stonebrier Ridge Drive	$	35	$	420	
6912893	576-1 Wakemount Drive	$	35	$	420	
6912901	507-1 Millstone Drive	$	35	$	420	
6912919	498-1 Millstone Drive	$	35	$	420	
6912927	3442-1 Worthington Oaks Drive	$	35	$	420	
6912943	309-1 Oakleaf Village Pkwy	$	35	$	420	
6912950	373-2 Oakleaf Village Pkwy	$	35	$	420	
6912968	308-1 Oakleaf Village Pkwy	$	35	$	420	
6912976	358-2 Oakleaf Village Pkwy	$	35	$	420	
7131527	3206-1 Silver Bluff Blvd	$	35	$	420	
7332257	3168 Stonebrier Ridge	$	330	$	3,960	
8684243	571 Oakleaf Village Pkwy	$	35	$	420	
	Contingency	$	102	$	1,220	
Total		$	2,917	$ 35,000	

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

$	35,242	$

422,908

Total	$	422,908

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 is 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	$	2,153	$	25,840	
Contingency	$	167	$	2,000	
Total	$	2,320	$	27,840	

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.

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 Waste Management 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 Amenity	$	212	$	2,544	
AT&T Fitness Center	$	197	$	2,364	
Contingency	$	49	$	592	
Total	$	458	$	5,500	

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	$	2,225	$  26,700	
8763369	382 Oakleaf Village Pkwy	$	655	$	7,860	
	Contingency	$	453	$	5,440	
Total		$	3,333	$ 40,000	

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

Account Number	Description	Monthly	Annual	
8495 7414 4108 3370	Comcast - Facility Center	$	300	$	3,600	
8495 7414 4100 9267	Comcast - Fitness	$	355	$	4,260	
	Contingency	$	53	$	640	
Total		$	708	$	8,500	

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	$	2,307	$	27,684	
Contingency	$	1,026	$	12,316	
Total	$	3,333	$	40,000	

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	
76832466	370 Oakleaf Village Parkway - Water	$	615	$	7,380	
76832466	370 Oakleaf Village Parkway - Sewer	$	300	$	3,600	
80532813	370 Oakleaf Village Parkway - Pool	$	750	$	9,000	
Fire Sprinkler	371 Oakleaf Village Parkway - Sprinkl	$	42	$	504	
Total JEA $	1,707	$ 20,484	
201224	566-1 Oakleaf Village Parkway	$	900	$  10,800	
191992	716-1 Wakemont Dirve Reclaim	$	150	$	1,800	
206121	3178-1 Wandering Oaks Drive	$	32	$	378	
206125	1505-1 Canopy Oaks Drive R	$	42	$	504	
206136	1591-1 Canopy Oaks Drive R	$	600	$	7,200	
206376	3701-1 Thousand Oaks Drive	$	29	$	349	
206379	3713-1 Thousand Oaks Drive	$	135	$	1,620	
206380	1940-1 Woodworth Drive Reclaim	$	30	$	359	
206381	3659-1 Thousand Oaks Drive	$	30	$	360	
207243	603-1 Waterford Oaks Drive	$	30	$	360	
238253	1422-1 Bitterberry Drive Reclaim	$	30	$	360	
238254	1206-1 Bedrock Drive Reclaim	$	30	$	360	
	Total CCUA	$	2,038	$ 24,450	
	Contingency	$	255	$	3,066	
Total		$	4,000	$ 48,000	

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	$	1,760	
Paula's Pest Control	Quarterly Service	$	620	
Certified Air Contractors	Bi-Monthly Service	$	5,160	
Jacksonville Sound & Communication	Alarm System Inspection	$	744	
Termite Bond	Preventative	$	1,530	
Contingency		$	3,903	
Total		$ 13,717	

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 provide for all residents of Oakleaf Plantation.

Office Supplies and Equipment
Office supplies for the Amenity Center. Lease agreement with Cannon ($167/month) $2000 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	$	4,633	$	55,600	
Supplies	$	500	$	6,000	
Mat Cleaning- Fitness Room	$	200	$	2,400	
Total	$	5,333	$	64,000	

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.

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 5		Total
Projected		Approved
Budget	
 Description				FY 2022				4/30/22				Months				FY 2022			  FY 2023		
Revenues											
Special Assessments		$	1,961,878		$	1,951,597		$	10,281		$	1,961,878		$ 1,961,878	
Interest Income		$	800		$	429		$	500		$	929		$	1,000	
Carry Forward Surplus		$	591,295		$	592,200		$	-		$	592,200		$  613,908	
Total Revenues		 $  2,553,973 		 $  2,544,226 		 $	10,781 		 $	2,555,008 		 $2,576,786 	

Expenditures											
Series 2013A-1											
Interest 11/1	$	353,312	$	353,312	$	-	$	353,312	$  335,547	
Interest 5/1	$	353,312	$	-	$	353,312	$	353,312	$  335,547	
Principal 5/1	$	1,045,000	$	-	$  1,045,000	$	1,045,000	$ 1,085,000	

Series 2013A-2		
Interest 11/1	$	49,738		$	49,738		$	-		$	49,738		$	47,150	
Interest 5/1	$	49,738		$	-		$	49,738		$	49,738		$	47,150	
Principal 5/1	$	90,000		$	-		$	90,000		$	90,000		$	95,000	
Total Expenses	 $	1,941,099 		 $	403,049 		 $  1,538,049 		 $	1,941,099 		 $ 1,945,394 	
EXCESS REVENUES / (EXPENDITURES)	 $	612,874 		 $  2,141,177 		 $ (1,527,268) 		 $	613,908 		 $ 631,393 	

Interest November 1, 2023	
Series 2013A-1	
$	315,881	
	Series 2013A-2	 $	44,419 	
	Total	 $	360,300 	

Unit Type	
Units	Per Unit
Assessment	Gross
Assessment	
Single Family	2,205	$	878	$  1,935,800	
Multi-Family	276	$	605	 $	167,116 	
Total Gross Assessment			$  2,102,917	

			

.			

Less: Discounts and Collections (6%) Total Net Assessment

 $	141,039 
 $  1,961,878 

Double Branch		Amortization Schedule Community Development District	Series 2013A-1 Special Assessment Refunding Bonds

DATE	BOND BALANCE	
PRINCIPAL	
COUPON	
INTEREST	ANNUAL DEBT SERVICE	

5/1/22	$ 17,435,000	$	1,045,000	3.40%	$	353,312		
11/1/22				$	335,547	$	1,733,859	
5/1/23	$ 16,390,000	$	1,085,000	3.63%	$	335,547		
11/1/23				$	315,881	$	1,736,428	
5/1/24	$ 15,305,000	$	1,125,000	3.75%	$	315,881		
11/1/24				$	294,788	$	1,735,669	
5/1/25	$ 14,180,000	$	1,170,000	4.00%	$	294,788		
11/1/25				$	271,388	$	1,736,175	
5/1/26	$ 13,010,000	$	1,220,000	4.13%	$	271,388		
11/1/26				$	246,225	$	1,737,613	
5/1/27	$ 11,790,000	$	1,270,000	4.13%	$	246,225		
11/1/27				$	220,031	$	1,736,256	
5/1/28	$ 10,520,000	$	1,320,000	4.13%	$	220,031		
11/1/28				$	192,806	$	1,732,838	
5/1/29	$ 9,200,000	$	1,380,000	4.13%	$	192,806		
11/1/29				$	164,344	$	1,737,150	
5/1/30	$ 7,820,000	$	1,435,000	4.13%	$	164,344		
11/1/30				$	134,747	$	1,734,091	
5/1/31	$ 6,385,000	$	1,495,000	4.13%	$	134,747		
11/1/31				$	103,913	$	1,733,659	
5/1/32	$ 4,890,000	$	1,560,000	4.25%	$	103,913		
11/1/32				$	70,763	$	1,734,675	
5/1/33	$ 3,330,000	$	1,630,000	4.25%	$	70,763		
11/1/33				$	36,125	$	1,736,888	
5/1/34	$ 1,700,000	$	1,700,000	4.25%	$	36,125		
11/1/34	 			$	1,736,125 	
TOTAL	 $ 17,435,000 	 $	6,218,840	$ 26,033,092 	

Double Branch		Amortization Schedule Community Development District	Series 2013A-2 Special Assessment Refunding Bonds

DATE	BOND BALANCE	
PRINCIPAL	
COUPON	
INTEREST	ANNUAL DEBT SERVICE	

5/1/22	$	1,730,000	$	90,000	5.75%	$	49,738		
11/1/22			5.75%	$	47,150	$	186,888	
5/1/23	$	1,640,000	$	95,000	5.75%	$	47,150		
11/1/23			5.75%	$	44,419	$	186,569	
5/1/24	$	1,545,000	$	105,000	5.75%	$	44,419		
11/1/24			5.75%	$	41,400	$	190,819	
5/1/25	$	1,440,000	$	110,000	5.75%	$	41,400		
11/1/25			5.75%	$	38,238	$	189,638	
5/1/26	$	1,330,000	$	115,000	5.75%	$	38,238		
11/1/26			5.75%	$	34,931	$	188,169	
5/1/27	$	1,215,000	$	125,000	5.75%	$	34,931		
11/1/27			5.75%	$	31,338	$	191,269	
5/1/28	$	1,090,000	$	130,000	5.75%	$	31,338		
11/1/28			5.75%	$	27,600	$	188,938	
5/1/29	$	960,000	$	135,000	5.75%	$	27,600		
11/1/29			5.75%	$	23,719	$	186,319	
5/1/30	$	825,000	$	145,000	5.75%	$	23,719		
11/1/30			5.75%	$	19,550	$	188,269	
5/1/31	$	680,000	$	155,000	5.75%	$	19,550		
11/1/31			5.75%	$	15,094	$	189,644	
5/1/32	$	525,000	$	165,000	5.75%	$	15,094		
11/1/32			5.75%	$	10,350	$	190,444	
5/1/33	$	360,000	$	175,000	5.75%	$	10,350		
11/1/33			5.75%	$	5,319	$	190,669	
5/1/34	$	185,000	$	185,000	5.75%	$	5,319		
11/1/34	 			$	190,319 	
TOTAL	 $ 1,730,000 	 $	882,050	$	2,697,050 	

Double Branch CDD
Operation and Maintenance Assessment Allocation

Description	
Single Family	
Multi-Family	Village Center
Retail	Village Center
Office	
Total	

Units	
2,205	
276	
8,000	
35,000		
Gross Per Unit	$	898.75	$	645.64	$	1.13	$	0.52		
Gross Assessment	$	1,981,752	$	178,197	$	9,013	$	18,085	$	2,187,047	
Net Assessment (.94)	$	1,858,663	$	167,220	$	8,512	$	17,000	$	2,051,395	
		Allocation By Fund				
General Fund					$	177,890	
Recreation Fund					$	1,873,505	
Total					$	2,051,395	

FY 2022	FY 2023	$ Increase	% Increase	

Single Family	
$	718.75	
$	898.75	
$	180.00	
25%	
Multi-Family	$	516.33	$	645.64	$	129.31	25%	
Village Center Retail	$	0.90	$	1.13	$	0.23	25%	
Village Center Office	$	0.41	$	0.52	$	0.10	25%	

Double Branch
Community Development District	Capital Reserve Fund

	Adopted
Budget	Actual
YTD	Projected
Next 5	Total
Projected	Approved
Budget	
Description	FY 2022	4/30/22	Months	FY 2022	FY 2023	

REVENUES:						
Beginning Fund Balance	$ 1,385,853	$	1,426,393	$	-	$ 1,426,393	$ 1,326,829	
Interest Income	$	2,000	$	1,236	$	950	$	2,186	$	2,200	
Transfer In - Capital Reserve	$	-	$	-	$	-	$	-	$	190,000	
Transfer In - General Fund Reserve	$	8,250	$	-	$	8,250	$	8,250	$	5,845	

TOTAL REVENUES	 $ 1,396,103	$	1,427,629	$	9,200	$ 1,436,829	$ 1,524,874 

EXPENDITURES:		
Landscape Reserve	$	10,000	$	-	$	10,000	$	10,000	$	-	
Capital Projects	$  200,000	$	6,230	$	93,770	$	100,000	$	-	
Repairs & Replacements	$	-	$	-	$	-	$	-	$	570,670	
TOTAL EXPENDITURES	$	210,000	$	6,230	$	103,770	$	110,000	$	570,670	

EXCESS REVENUES (EXPENDITURES)	 $ 1,186,103	$	1,421,399	$  (94,570)  $ 1,326,829	$	954,204 

21

Double Branch CDD
Reserve Study Funding Plan
(Next 5 Years)

Fiscal Year	Beginning
Balance	
Add Funding	
Add Interest Less Expenses	Ending
Balance (budget)	Planned
Balance (Study)	% of
Planned	Replacment
Cost (Study)	

2023	
$1,326,829	
$195,845	
$2,200	
($570,670)	
$954,204	
$1,683,563	
57%	
$2,859,449	
2024	$954,204	$176,039	$2,500	($75,896)	$1,056,847	$1,865,281	57%	$3,031,016	
2025	$1,056,847	$181,320	$3,000	($89,307)	$1,151,860	$2,031,678	57%	$3,182,567	
2026	$1,151,860	$186,760	$3,500	($85,467)	$1,256,653	$2,195,262	57%	$3,309,869	

22

Double Branch Community Development District
Exhibit “A”

Allocation of Operating Reserves Estimated Funds Available
General Fund - Beginning Fund Balance - 10/1/21	$	53,990	
Recreation Fund - Beginning Fund Balance - 10/1/21	$	670,496	
Estimated General Excess Revenues - Fiscal Year 2022	$	2,531	
Estimated Recreation Excess Revenues- Fiscal Year 2022	$	39	
Total Estimated Operating Funds Available - 9/30/2022	 $	727,056 	

Allocation of Funds Available		
General Fund Operating Reserve - First Quarter Operating Capital	$	44,522	
Recreation Fund Operating Reserve - First Quarter Operating Capital	 $	481,876 	
Total Reserve	 $	526,399 	
Total Working Capital Surplus	 $	200,658 	

Capital Reserve- Beginning Fund Balance - 10/1/21	$	1,426,393	
Projected Capital Excess Revenues - Fiscal Year 2022	 $	(99,564) 	
Total Estimated Reserve Funds Available - 9/30/22	 $	1,326,829 	
Interest Earned	$	2,200	
Capital Projects Reserve	$	190,000	
General Fund Reserve	 $	5,845 	
Total Funding FY 2023	 $	198,045 	
Total Estimate Reserve Fund Balances - 9/30/23	 $	1,524,874 	

23