Approved Proposed Budget
FY 2025

Thursday, May 23, 2024

Presented by:
Table of Contents

1-4

5-6

7

8-11

12-15

16-20

21

22-23
General Fund

Reserve Fund

Debt Service Funds 2014A1, A2, A3 and 2017

Debt Service Amortization schedules 2014A1, A2, A3 and 2017

Water/Sewer Fund

Golf Fund

Capital Plan

Swim/Tennis Fund

24	Assessments

The Crossing at Fleming Island
Community Development District
Proposed Budget General Fund

REVENUES:

Special Assessments - On Roll	$3,488,035	$3,449,069	$38,966	$3,488,035	$3,487,960	
Boat/RV Storage Fees	92,000	47,002	39,000	86,002	108,000	
Interest Income	36,000	143,851	61,650	205,501	150,000	
Misc/Newsletter Income	20,000	18,201	13,001	31,202	30,000	
Rental Income	10,000	2,580	1,843	4,423	4,000	
TOTAL REVENUES	$3,646,035	$3,660,703	$154,460	$3,815,163	$3,779,960	

EXPENDITURES:						
Administrative						
Supervisor Fees	$15,000	$4,400	$5,000	$9,400	$15,000	
FICA Taxes	9,200	5,234	3,000	8,234	9,200	
Engineering	4,500	-	2,500	2,500	4,500	
District Attorney	28,294	18,478	13,199	31,677	29,142	
Litigation Counsel	40,000	16,890	-	16,890	-	
Annual Audit	3,750	-	3,750	3,750	3,750	
Assessment Administration	18,375	-	18,375	18,375	18,375	
Arbitrage Rebate	2,100	-	1,100	1,100	1,100	
Dissemination Agent	2,100	1,225	875	2,100	2,100	
Trustee Fees	28,000	-	11,228	11,228	11,300	
Management Fees	99,388	54,385	38,846	93,231	95,642	
Information Technology	2,000	500	500	1,000	2,000	
Telephone	700	-	150	150	1,200	
Postage & Delivery	400	298	213	511	400	
Insurance General Liability	87,500	75,736	-	75,736	70,243	
Printing & Binding	1,400	102	250	352	1,400	
Legal Advertising	2,500	271	900	1,171	2,500	
Other Current Charges	5,000	425	304	729	5,000	
Office Supplies	1,600	3	50	53	1,600	
Dues, Licenses & Website	30,000	7,194	5,139	12,333	30,000	
TOTAL ADMINISTRATIVE	$381,807	$185,141	$105,378	$290,519	$304,452	

Operations & Maintenance						
Maintenance Expenditures						
Landscape Maintenance	$	863,114	$503,484	$359,632	$863,116	$	949,425	
Landscape Maintenance - Contingency	130,000	51,066	36,476	87,542	110,000	
Lake Maintenance	75,864	48,770	30,550	79,320	79,320	
Cost Sharing Agreement - Stone Creek	15,000	4,807	3,434	8,241	15,000	
Facility/Preventative Maintenance	215,000	129,734	92,667	222,401	250,000	
Utilities	150,000	70,993	50,709	121,702	150,000	
Security	45,000	17,874	12,767	30,641	45,000	
Operating Reserves	18,900	-	18,900	18,900	20,875	
TOTAL MAINTENANCE EXPENDITURES	$1,512,878	$826,728	$605,134	$1,431,862	$1,619,620	
						
TOTAL EXPENDITURES	$1,894,685	$1,011,869	$710,512	$1,722,381	$1,924,072	

Other Sources/(Uses)						
Interfund Transfer In/(Out) - SBA Reserve	(125,000)	-	(125,000)	(125,000)	(125,000)	
Interfund Transfer Out - Swim & Tennis	(1,626,350)	(948,704)	(677,646)	(1,626,350)	(1,730,888)	
Interfund Transfer In/(Out) - Capital Reserve	-	(200,000)	-	(200,000)	-	
TOTAL OTHER SOURCES/(USES)	$(1,751,350)	$(1,148,704)	$(802,646)	$(1,951,350)	$(1,855,888)	
						
EXCESS REVENUES (EXPENDITURES)	$-	$1,500,130	$(1,358,698)	$141,432	$(0)	

Special Assessments - On Roll
The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all of the operating expenses for the Fiscal Year in accordance with the adopted budget.
Boat/RV Storage Fees
The District collects fees from Residents for use of the Boat/RV/Trailer storage facility.
Interest Income
Interest income on funds in operating account and excess funds in the State Board of Administration.
Misc./Newsletter Income
Fees paid by local vendors for Newsletter space and any other miscellaneous income.
Rental Income
Fees paid to utilize meeting rooms.

Supervisors Fees
The District anticipates 15 meetings per year with all five board members in attendance and each receiving $200.00 per meeting.
FICA Taxes
FICA tax on all employee and Supervisor payroll.
Engineering
The District's engineering firm, Hadden Engineering, will be providing general engineering services to the District.
District Attorney
The District's legal counsel, Bradley, Garrison & Komando, P.A., will be providing general legal services to the District, including attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.
Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District is currently contracted with McDirmit Davis & Company, LLC for the audit engagement.
Assessment Roll
Assessment Roll administrative services are provided by GMS, LLC for updating the districts’ tax roll, certifying the annual assessments and collection of prepaid assessments.
Arbitrage Rebate
The District is required to have an Arbitrage Rebate Calculation on the District’s Series 2014 A1/A2 and A3 Special Assessment Revenue Refunding Bonds.
Dissemination Agent
The District has contracted with GMS, LLC to act as the Dissemination Agent for the District to prepare the Annual Disclosure Report required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.
Trustee Fees
The District’s Series 2014 A1/A2, A3 and 2017 Special Assessment Revenue Refunding Bonds are held by a Trustee at U.S. Bank. The amount represents the fee for the administration of the District’s bond issue.
District Management/Administration Fees
The District receives Management, Accounting and Administrative services from their CDD employed District Manager and as part of an Administrative Agreement with Governmental Management Services, LLC.
Information Technology
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by

Communication - Telephone
This item includes telephone and fax service.
Postage and Delivery
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.
Insurance General Liability
The District's General Liability & Public Officials Liability and Property Insurance policies are with Egis Insurance and Risk Advisors. They specialize in providing insurance coverage to governmental agencies. This expense is shared with the Water/Sewer Fund and the Golf Course Fund.
Printing and Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings etc. with Clay Today.
Other Current Charges
Bank charges and any other miscellaneous expenses incurred during the year.
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. Also includes the cost to maintain ADA website and publish newsletter.

Landscape Maintenance
The District is currently contracted with Tree Amigos Outdoor Services for the Landscape of the Districts common areas.
Landscape Maintenance - Contingency
This category represents any additional landscaping work needed that is outside the scope of the contract with Tree Amigos
Lake Maintenance
The Lake Doctors provides aquatic pond maintenance.
Cost Sharing Agreement - Stone Creek
Maintenance costs other than utilities paid to The Stone Creek HOA for upkeep of CDD property.
Facility/Preventative Maintenance
Cost of routine repairs and maintenance of the District’s assets.
Utilities
Includes the following utility accounts held by the District:

Security
Comcast
Clay Electric Cooperative CCUA
Internet Service
Electric Service for the Eagle Harbor CDD Office Water service for the Eagle Harbor CDD office
The District has an agreement with the Clay County Sherrif's Office to provide CCSO Officer patrols.

Interfund Transfer Out – Swim & Tennis
The Board has agreed to an annual subsidy to the Swim & Tennis Fund to cover operations.
Utility Schedule - General Fund

Clay Electric				
5525209	2425 Country Side Dr	$	33	$	391	
7658685	1522-1 Brookstrone Dr	$	33	$	391	
7658743	1928-1 Eagle Harbor Parkway	$	42	$	502	
7658750	2088-1 Eagle Harbor Parkway	$	74	$	891	
7658776	1909 Eagle Harbor Parkway	$	39	$	464	
7658784	1619 Misty Lake Drive	$	203	$	2,436	
7658800	1992-1 Eagle Harbor Parkway	$	58	$	699	
7658818	1302-1 Oak Landing Lane	$	41	$	491	
7658834	1542 Linkside Drive	$	173	$	2,078	
7658842	1245 Forest Park Drive	$	59	$	710	
7658867	1320-1 South Shore Dr	$	33	$	391	
7658875	1229 Salt Marsh	$	33	$	391	
7658883	4312 Lake Shore Dr East	$	94	$	1,125	
7658891	4486-1 Lakeshore Dr E	$	66	$	791	
7658917	2327-1 Marsh Landing Ct	$	33	$	391	
7658925	1995-1 Vista Lakes Dr	$	47	$	569	
7658958	4523 Lakeshore Dr E	$	91	$	1,086	
7658966	1687-1 Lakeshore Drive N	$	33	$	396	
7659014	1760-1 Cross Pine Drive	$	479	$	5,748	
7659022	1709-2 Cross Pines Drive	$	33	$	399	
7659048	2291-1 Old Pine Trail	$	32	$	386	
7659063	2286-2 Trailwood Drive	$	32	$	386	
7659089	1709-1 Cross Pines Drive	$	41	$	486	
7659097	2234 Eagle Harbor Parkway	$	32	$	386	
7659121	2402 Daniels Landing Dr	$	53	$	631	
7659139	3460-1 Manard Branch Ct	$	34	$	406	
7659147	2486-1 Stoney Glen Irrigation	$	40	$	483	
7659154	Eagle Harbor Pkwy Lighting	$	34	$	406	
7659162	1796-2 Eagle HBr on 17 at Fountain	$	2,551	$	30,612	
7659188	1812-1 Eagle Creek Dr	$	568	$	6,814	
7675689	1880 Eagle Harbor Parkway	$	33	$	392	
8092223	2105 Harbor Lake Drive	$	382	$	4,583	
8975347	1848 Town Center Blvd Time Clock 4 Irr	$	146	$	1,757	
9009006	2104 Eagle Talon Irrigation	$	32	$	386	
9108410	2249 Eagle Perch Pl - Entry Sign	$	32	$	386	
		$	32	$	386	
			$	69,226	
Clay County Utility Authority				
00120031	1880 Eagle Harbor Parkway	$	422	$	5,065	
00120061	1850 Eagle Harbor Pkwy Fountains	$	897	$	10,764	
00120251	1778 Fiddler's Ridge Drive Rclm Irr	$	132	$	1,580	
00120311	1909 Eagle Harbor Pkwy	$	84	$	1,007	
00120321	4312 Lakeshore Drive E	$	89	$	1,068	
00120531	4523 Lakeshore Drive	$	75	$	904	
00120541	2105 Eagle Lake Drive	$	103	$	1,234	
00120591	Entrance to Brookstone Irr	$	283	$	3,390	
00130319	1501 Brookstone Dr Irr	$	68	$	820	
00159869	1775 Eagle Harbor Pkwy Irr	$	118	$	1,418	
00159887	Entrance to The Preserves Irr	$	152	$	1,818	
00178790	2286-2 Trailwood Dr Rclm Irr	$	372	$	4,463	
00178791	1779-1 Cross Pines Dr - Rclm Irr	$	130	$	1,564	
00178792	2298-1 Old Pine Trail Rclm Irr	$	89	$	1,070	
00186015	1229-1 Salt Marsh Lane Irr	$	136	$	1,637	
00188477	1709-2 Cross Pines Drive Rclm Irr	$	52	$	626	
00195643	2331-1 Old Pine Trail Rclm Irr	$	57	$	685	
00195645	1743-1 Cross Pine Dr Rclm Irr	$	59	$	712	
00199911	2366-1 Old Pine Trail Rclm Irr	$	65	$	784	
00200394	1812-1 Eagle Creek Dr Rclm Irr	$	131	$	1,576	
00201898	2694-1 Country Side Dr Rclm Irr	$	53	$	637	
00202868	2638-1 Country Side Dr Rclm Irr	$	61	$	728	
00204041	2411-1 Country Side Dr Rclm Irr	$	54	$	642	
00204042	2424-2 Country Side Dr Rclm Irr	$	749	$	8,982	
00204151	1852-1 Eagle Creek Dr Rclm Irr	$	56	$	674	
00218768	2552-1 Country Side Dr Rclm Irr	$	86	$	1,031	
00229743	1961-1 Summit Ridge Rd Rclm Irr	$	55	$	656	
00231981	1612-1 Lake Terrace Lane Irr	$	150	$	1,799	
00534466	1719 Eagle Crest Drive Irrigation	$	84	$	1,010	
00541849	732 Water Oak Lane Irrigation	$	388	$	4,653	
00541850	6548 Bahia Road Irrigation	$	118	$	1,418	
00544400	2090 Arden Forest Place Irrigation	$	130	$	1,564	
00554422	2110 Eagle Talon Circle	$	157	$	1,882	
00544687	1848 Town Center Irrigation	$	183	$	2,193	
			$	70,054	
		Contingency	$	10,720	
  TOTAL	####### 
The Crossing at Fleming Island
Community Development District
Proposed Budget Capital Reserve Fund

Description	FY2024	4/30/24		5 Months		9/30/24	FY 2025	
REVENUES:						
Special Assessments - On Roll	$620,197	$613,269	$6,928	$620,197	$620,197	
Interest Income	-	29,358	16,776	46,134	-	
TOTAL REVENUES	$620,197	$642,627	$23,704	$666,331	$620,197	

EXPENDITURES:						
Capital Outlay						
Capital Outlay	$619,697	$359,539	$256,814	$616,353	$619,697	
Other Current Charges	500	-	250	250	500	
TOTAL EXPENDITURES	$620,197	$359,539	$257,064	$616,603	$620,197	

Other Sources/(Uses)						
Transfer in/(Out)	$-	$200,000	$-	$200,000	$-	
TOTAL OTHER SOURCES/(USES)	$-	$200,000	$-	$200,000	$-	
						
TOTAL EXPENDITURES	$620,197	$159,539	$257,064	$416,603	$620,197	
						
EXCESS REVENUES (EXPENDITURES)	$-	$483,088	$(233,360)	$249,728	$-	
Reserve Fund Fiscal Year 2025

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

Capital Outlay
At the Board of Supervisor’s discretion, funds will be used to complete capital projects.

Other Current Charges
Bank charges and any other miscellaneous expenses incurred during the year.
Proposed Budget
Debt Service Series 2014A/1, A/2, A/3 and Series 2017

REVENUES:

Special Assessments-On Roll	$1,829,625	$582,262	$378,767	$67,073	$2,857,727	
Carry Forward Surplus (1)	513,511	-	211,978	35,401	760,890	
TOTAL REVENUES	$2,343,136	$582,262	$590,745	$102,474	$3,618,617	

EXPENDITURES:						
Interest - 11/1	$216,113	$61,250	$135,200	$21,706	$434,269	
Interest - 5/1	1,425,000	225,000	105,000	20,000	1,775,000	
Principal - 5/1	216,113	6,150	135,200	21,706	379,169	
TOTAL EXPENDITURES	$1,857,225	$292,400	$375,400	$63,413	$2,588,438	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$-	
$-	
$-	
$-	
$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$1,857,225	$292,400	$375,400	$63,413	$2,588,438	
						
EXCESS REVENUES (EXPENDITURES)	$485,911	$289,862	$215,345	$39,062	$1,030,180	

(1) Carry Forward is Net of Reserve Requirement

11/01/23	$10,975,000	4.000%		$243,513	243,512.50	
05/01/24	10,975,000	4.000%	1,370,000	243,513		
11/01/24	9,605,000	4.000%		216,113	1,829,625.00	
05/01/25	9,605,000	4.500%	1,425,000	216,113		
11/01/25	8,180,000	4.500%		184,050	1,825,162.50	
05/01/26	8,180,000	4.500%	1,490,000	184,050		
11/01/26	6,690,000	4.500%		150,525	1,824,575.00	
05/01/27	6,690,000	4.500%	1,560,000	150,525		
11/01/27	5,130,000	4.500%		115,425	1,825,950.00	
05/01/28	5,130,000	4.500%	1,635,000	115,425		
11/01/28	3,495,000	4.500%		78,638	1,829,062.50	
05/01/29	3,495,000	4.500%	1,710,000	78,638		
11/01/29	1,785,000	4.500%		40,163	1,828,800.00	
05/01/30	1,785,000	4.500%	1,785,000	40,163	1,825,162.50	
Total			$10,975,000	$2,056,850	$13,031,850	

11/01/23	$1,975,000	7.000%		$69,125	69,125.00	
05/01/24	1,975,000	7.000%	225,000	69,125		
11/01/24	1,750,000	7.000%		61,250	355,375.00	
05/01/25	1,750,000	7.000%	245,000	61,250		
11/01/25	1,505,000	7.000%		52,675	358,925.00	
05/01/26	1,505,000	7.000%	260,000	52,675		
11/01/26	1,245,000	7.000%		43,575	356,250.00	
05/01/27	1,245,000	7.000%	280,000	43,575		
11/01/27	965,000	7.000%		33,775	357,350.00	
05/01/28	965,000	7.000%	300,000	33,775		
11/01/28	665,000	7.000%		23,275	357,050.00	
05/01/29	665,000	7.000%	320,000	23,275		
11/01/29	345,000	7.000%		12,075	355,350.00	
05/01/30	345,000	7.000%	345,000	12,075	357,075.00	
Total			$1,975,000	$591,500	$2,566,500	

11/01/23	$4,260,000	6.500%		$138,450	138,450.00	
05/01/24	4,260,000	6.500%	100,000	138,450		
11/01/24	4,160,000	6.500%		135,200	373,650.00	
05/01/25	4,160,000	6.500%	105,000	135,200		
11/01/25	4,055,000	6.500%		131,788	371,987.50	
05/01/26	4,055,000	6.500%	110,000	131,788		
11/01/26	3,945,000	6.500%		128,213	370,000.00	
05/01/27	3,945,000	6.500%	120,000	128,213		
11/01/27	3,825,000	6.500%		124,313	372,525.00	
05/01/28	3,825,000	6.500%	125,000	124,313		
11/01/28	3,700,000	6.500%		120,250	369,562.50	
05/01/29	3,700,000	6.500%	135,000	120,250		
11/01/29	3,565,000	6.500%		115,863	371,112.50	
05/01/30	3,565,000	6.500%	145,000	115,863		
11/01/30	3,420,000	6.500%		111,150	372,012.50	
05/01/31	3,420,000	6.500%	155,000	111,150		
11/01/31	3,265,000	6.500%		106,113	372,262.50	
05/01/32	3,265,000	6.500%	165,000	106,113		
11/01/32	3,100,000	6.500%		100,750	371,862.50	
05/01/33	3,100,000	6.500%	175,000	100,750		
11/01/33	2,925,000	6.500%		95,063	370,812.50	
05/01/34	2,925,000	6.500%	190,000	95,063		
11/01/34	2,735,000	6.500%		88,888	373,950.00	
05/01/35	2,735,000	6.500%	200,000	88,888		
11/01/35	2,535,000	6.500%		82,388	371,275.00	
05/01/36	2,535,000	6.500%	215,000	82,388		
11/01/36	2,320,000	6.500%		75,400	372,787.50	
05/01/37	2,320,000	6.500%	230,000	75,400		
11/01/37	2,090,000	6.500%		67,925	373,325.00	
05/01/38	2,090,000	6.500%	245,000	67,925		
11/01/38	1,845,000	6.500%		59,963	372,887.50	
05/01/39	1,845,000	6.500%	260,000	59,963		
11/01/39	1,585,000	6.500%		51,513	371,475.00	
05/01/40	1,585,000	6.500%	280,000	51,513		
11/01/40	1,305,000	6.500%		42,413	373,925.00	
05/01/41	1,305,000	6.500%	295,000	42,413		
11/01/41	1,010,000	6.500%		32,825	370,237.50	
05/01/42	1,010,000	6.500%	315,000	32,825		
11/01/42	695,000	6.500%		22,588	370,412.50	
05/01/43	695,000	6.500%	335,000	22,588	357,587.50	
11/01/43	360,000	6.500%		11,700	11,700.00	
05/01/44	360,000	6.500%	360,000	11,700	371,700.00	
Total			$4,260,000	$3,685,500	$7,945,500	

11/01/23	$775,000	5.750%		$22,281	22,281.25	
05/01/24	775,000	5.750%	20,000	22,281		
11/01/24	755,000	5.750%		21,706	63,987.50	
05/01/25	755,000	5.750%	20,000	21,706		
11/01/25	735,000	5.750%		21,131	62,837.50	
05/01/26	735,000	5.750%	20,000	21,131		
11/01/26	715,000	5.750%		20,556	61,687.50	
05/01/27	715,000	5.750%	25,000	20,556		
11/01/27	690,000	5.750%		19,838	65,393.75	
05/01/28	690,000	5.750%	25,000	19,838		
11/01/28	665,000	5.750%		19,119	63,956.25	
05/01/29	665,000	5.750%	25,000	19,119		
11/01/29	640,000	5.750%		18,400	62,518.75	
05/01/30	640,000	5.750%	30,000	18,400		
11/01/30	610,000	5.750%		17,538	65,937.50	
05/01/31	610,000	5.750%	30,000	17,538		
11/01/31	580,000	5.750%		16,675	64,212.50	
05/01/32	580,000	5.750%	30,000	16,675		
11/01/32	550,000	5.750%		15,813	62,487.50	
05/01/33	550,000	5.750%	35,000	15,813		
11/01/33	515,000	5.750%		14,806	65,618.75	
05/01/34	515,000	5.750%	35,000	14,806		
11/01/34	480,000	5.750%		13,800	63,606.25	
05/01/35	480,000	5.750%	35,000	13,800		
11/01/35	445,000	5.750%		12,794	61,593.75	
05/01/36	445,000	5.750%	40,000	12,794		
11/01/36	405,000	5.750%		11,644	64,437.50	
05/01/37	405,000	5.750%	40,000	11,644		
11/01/37	365,000	5.750%		10,494	62,137.50	
05/01/38	365,000	5.750%	45,000	10,494		
11/01/38	320,000	5.750%		9,200	64,693.75	
05/01/39	320,000	5.750%	45,000	9,200		
11/01/39	275,000	5.750%		7,906	62,106.25	
05/01/40	275,000	5.750%	50,000	7,906		
11/01/40	225,000	5.750%		6,469	64,375.00	
05/01/41	225,000	5.750%	50,000	6,469		
11/01/41	175,000	5.750%		5,031	61,500.00	
05/01/42	175,000	5.750%	55,000	5,031		
11/01/42	120,000	5.750%		3,450	63,481.25	
05/01/43	120,000	5.750%	60,000	3,450	63,450.00	
11/01/43	60,000	5.750%		1,725	1,725.00	
05/01/44	60,000	5.750%	60,000	1,725	61,725.00	
Total			$775,000	$580,750	$1,355,750	
The Crossing at Fleming Island
Community Development District
Proposed Budget Water / Sewer Fund

REVENUES:

Water Revenue	$1,300,500	$844,097	$602,926	$1,447,023	$1,447,024	
Wastewater Revenue	2,300,000	1,479,973	1,057,124	2,537,097	2,537,096	
Reclaimed Water Revenue	800,000	502,137	358,669	860,806	860,800	
Service Charges	48,000	26,350	18,821	45,171	45,000	
Debt Capacity Charge	1,950,000	1,152,991	823,565	1,976,556	1,976,556	
Interest/Misc. Income	200,000	132,511	94,651	227,162	200,000	
Carry Forward Surplus	275,000	-	-	-	-	
TOTAL REVENUES	$6,873,500	$4,138,059	$2,955,756	$7,093,815	$7,066,476	

OPERATING EXPENSES						
Administrative						
Engineering	$2,000	$-	$2,000	$2,000	$2,000	
Arbitrage	1,650	550	-	550	550	
Dissemination Agent	1,000	583	417	1,000	1,000	
District Attorney	26,000	15,372	10,980	26,352	25,904	
Annual Audit	4,000		3,750	3,750	3,750	
Trustee Fees	13,000	6,227	3,717	9,944	10,500	
District Manager/Administrator	76,440	42,665	30,475	73,140	83,774	
Computer Time	1,000	583	417	1,000	1,000	
Postage	1,000	316	226	542	1,000	
Insurance	75,000	62,947	-	62,947	70,243	
Legal Advertising	1,000	-	1,000	1,000	1,000	
Other Current Charges	15,000	9,004	6,431	15,435	15,000	
TOTAL ADMINISTRATIVE	$217,090	$138,247	$59,413	$197,661	$215,721	

Operations & Maintenance						
Water/Wastewater/Reuse						
Service Charges	$	50,000	$31,883	$22,774	$54,657	$	54,656	
Meter Expenses	1,000	-	1,000	1,000	1,000	
Purchased Water	1,450,000	928,546	663,247	1,591,793	1,591,794	
Treated Wastewater	2,400,000	1,479,973	1,057,124	2,537,097	2,537,096	
Black Creek Charge	55,000	20,458	14,613	35,071	40,916	
Alternative Water Supply	58,000	32,207	23,005	55,212	55,212	
Purchased Reclaimed Water	200,000	88,879	63,485	152,364	152,364	
Repairs & Maintenance	35,000	41,271	29,479	70,750	35,000	
Electric	40,000	25,861	18,472	44,333	35,000	
Capital Outlay	340,000	360,315	-	360,315	100,000	
Contingency	25,000	-	25,000	25,000	25,000	
TOTAL WATER/WASTEWATER/REUSE	$4,654,000	$3,009,393	$1,918,199	$4,927,592	$4,628,038	
						
TOTAL EXPENSES	$4,871,090	$3,147,640	$1,977,612	$5,125,252	$4,843,759	

Non-Operating Expenses						
Debt Service						
Interest Expense - 4/1	$	376,548	$	376,548	$-	$376,548	$	359,828	
Principal Expense - 10/1	985,000	574,583	410,417	985,000	1,020,000	
Interest Expense - 10/1	376,548	62,757	313,790	376,548	359,828	
TOTAL DEBT SERVICE	$1,738,095	$1,013,888	$724,207	$1,738,095	$1,739,655	
						
EXCESS REVENUES (EXPENDITURES)	$264,315	$(23,469)	$253,938	$230,468	$483,062	

Debt Service Coverage (115%)	
128%				
140%	
AMORTIZATION SCHEDULE
Debt Service Series 2016 Utility Refunding Bonds

04/01/22	$19,905,000	$-	$405,601	-	
10/01/22	19,905,000	930,000	405,601	1,741,201	
04/01/23	18,975,000	-	391,829		
10/01/23	18,975,000	960,000	391,829	1,743,658	
04/01/24	18,015,000	-	376,548		
10/01/24	18,015,000	985,000	376,548	1,738,095	
04/01/25	17,030,000	-	359,828		
10/01/25	17,030,000	1,020,000	359,828	1,739,655	
04/01/26	16,010,000	-	341,738		
10/01/26	16,010,000	1,060,000	341,738	1,743,475	
04/01/27	14,950,000	-	322,375		
10/01/27	14,950,000	1,095,000	322,375	1,739,750	
04/01/28	13,855,000	-	300,672		
10/01/28	13,855,000	1,140,000	300,672	1,741,344	
04/01/29	12,715,000	-	277,729		
10/01/29	12,715,000	1,185,000	277,729	1,740,459	
04/01/30	11,530,000	-	252,529		
10/01/30	11,530,000	1,235,000	252,529	1,740,059	
04/01/31	10,295,000	-	226,254		
10/01/31	10,295,000	1,290,000	226,254	1,742,509	
04/01/32	9,005,000	-	198,804		
10/01/32	9,005,000	1,345,000	198,804	1,742,609	
04/01/33	7,660,000	-	170,179		
10/01/33	7,660,000	1,405,000	170,179	1,745,359	
04/01/34	6,255,000	-	138,986		
10/01/34	6,255,000	1,465,000	138,986	1,742,973	
04/01/35	4,790,000	-	106,441		
10/01/35	4,790,000	1,525,000	106,441	1,737,881	
04/01/36	3,265,000	-	72,566		
10/01/36	3,265,000	1,595,000	72,566	1,740,131	
04/01/37	1,670,000	-	37,128		
10/01/37	1,670,000	1,670,000	37,128	1,744,256	
Total		$19,905,000	$7,958,413	$27,863,413	

Water Revenue
The estimated amount that will be billed to users of the potable water system of the District based upon average monthly consumption, current utility rates in effect and projected number of users during the fiscal year. The billing is handled by Clay County Utility Authority.

Wastewater Revenue
The estimated amount that will be billed to users of the wastewater system of the District based upon average monthly consumption, current utility rates in effect and projected number of users during the fiscal year.
Reuse Water Revenue
The estimated amount that will be billed to users of the reuse water system of the District based upon average monthly consumption, current utility rates in effect and projected number of users during the fiscal year.
Service Charges
Returned checks or credit card transactions.
Debt Capacity Charge
A monthly charge established for the purpose of providing sufficient revenues to pay the annual net debt service requirements for the amortization of the District’s special revenue bonds for the construction of the water distribution, wastewater collection and effluent reuse system.
Interest/Misc. Income
Represents interest earned on excess funds invested with the State Board of Administration.

Engineering
The District's engineering firm, Hadden Engineering, will be providing general engineering services to the District.
Arbitrage
The District is required to have an Arbitrage Rebate Calculation on the District’s Series 2016 Utility Refunding Bonds.
Dissemination Agent
The District has contracted with GMS, LLC, to act as the Dissemination Agent for the District to prepare the Annual Disclosure Report required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.
Attorney
The District's legal counsel, Bradley, Garrison & Komando, P.A., will be providing general legal services to the District, including attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc. This expense is shared with the General.
Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District is currently contracted with McDirmit Davis & Company LLC for the audit engagement. This expense is shared with the General Fund, Swim & Tennis and the Golf Course Fund.
Trustee Fees
The fee for the administration of the District's 2016 Utility Refunding Bonds.

Computer Time
The District processes all of its financial activities, including accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services, LLC. This expense is shared with the General Fund.
Postage and Delivery
This item includes mailing of agenda packages, overnight deliveries, correspondence, etc.
Insurance General Liability
The District's General Liability & Public Officials Liability and Property Insurance policies are with Egis Insurance and Risk Advisors.
This expense is shared with the General Fund, Swim & Tennis and the Golf Course Fund.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings etc with Clay Today.
Other Current Charges
Bank charges and any other miscellaneous expenses.

Service Charges
This represents miscellaneous repairs associated with the Water system operation and maintenance performed by Clay County Utility
Meter Expenses
Cost of a meter being set by Clay County Utility Authority.
Purchased Water
Cost of bulk water purchased from Clay County Utility Authority.
Treated Wastewater
Cost of treated wastewater by Clay County Utility Authority.
Black Creek Charge
CCUA is collecting a surcharge to fund future costs of the utility with SJRWMD Black Creek Water Resource Development Project.
Alternative Water Supply
$1 surcharge on all active water accounts billed by Clay County Utility Authority for the research of alternative water sources.
Purchased Reclaimed Water
Cost of bulk reclaimed water purchased from Clay County Utility Authority.
Repairs & Maintenance
Cost for repairs and maintenance of CDD water related assets.
Electric
Clay Electric Cooperative for service at 4567 Lakeshore Drive East.
Capital Outlay
Includes any miscellaneous water associated capital expenditures.

The District issued $24,650,000 of Series 2016 Utility Refunding Bonds. The following is the annual principal and interest expense due on these bonds for the next fiscal year:
Interest Expense – 4/1/25	$359,827.51	
Principal Expense – 10/1/25	$1,020,000.00	
Interest Expense – 10/1/25	$359,827.51	
The Crossing at Fleming Island
Community Development District
Proposed Budget Golf Fund

Adopted	Actuals Thru Projected Next Projected Thru	Proposed Budget			Budget						
Description	FY2024	4/30/24	  5 Months 	9/30/24	FY 2025	

REVENUES:						
User Fees - Dues	$445,832	$248,124	$177,231	$425,355	$463,665	
Greens/Cart Fees	1,714,717	1,045,041	746,458	1,791,499	1,783,305	
Merchandise/Food/Beverage Sale	1,865,621	1,098,103	784,359	1,882,462	1,940,245	
Rental Revenue	74,600	65,945	47,104	113,049	77,584	
Membership Income - Other Fees	4,515	1,926	1,376	3,302	4,695	
Miscellaneous Income	71,800	42,085	30,061	72,146	74,672	
Initiation Fees	10,000	26,320	18,800	45,120	10,400	
Interest Income/Commissions	-	2,637	1,884	4,521		
Sales Tax/Gratuities/Lesson Income	548,662	210	548,452	548,662	570,608	
TOTAL REVENUES	$4,735,747	$2,530,391	$2,355,724	$4,886,115	$4,925,174	

COST OF GOODS SOLD						
Cost of Goods Sold	724,197	465,609	332,578	798,187	753,165	
TOTAL GROSS PROFIT	$4,011,550	$2,064,782	$2,023,146	$4,087,928	$4,172,009	

OPERATING EXPENSES						
Salaries	$1,661,855	$796,055	$568,611	$1,364,666	$1,728,329	
Commissions & Bonuses	34,000	40,294	28,781	69,075	35,360	
Rental Commissions	14,000	-	14,000	14,000	14,560	
Employee Expenses	332,371	182,987	130,705	313,692	345,665	
Employee Uniforms	3,780	1,657	1,184	2,841	3,931	
Travel & Per Diem	-	1,171	836	2,007	-	
Training	5,975	2,349	1,678	4,027	6,214	
Employee Advertising	1,500	-	1,500	1,500	1,560	
Janitorial Expense/Supplies	42,650	17,143	12,245	29,388	44,356	
Tournaments & Events	30,392	23,305	16,646	39,951	31,607	
Centralized Services	99,653	50,052	35,751	85,803	85,000	
Course & Grounds Maintenance	55,000	29,186	20,847	50,033	57,200	
Repairs - Equipment	32,549	18,197	12,998	31,195	33,850	
Repairs - Buildings	17,000	6,392	4,566	10,958	17,680	
Operating Supplies	88,175	68,454	48,896	117,350	91,702	
Office Supplies	3,500	2,848	2,034	4,882	3,640	
Postage	500	303	216	519	520	
Printing & Reproduction	1,000	594	424	1,018	1,010	
Utility Services	91,326	46,555	33,254	79,809	94,979	
Gas/Oil/Propane	46,247	18,534	13,239	31,773	48,096	
Refuse & Potables	15,771	10,750	7,679	18,429	16,402	
Telephone/T1 Line	8,990	5,583	3,988	9,571	9,349	
Security/Pest Control	22,500	24,858	17,756	42,614	20,000	
Music & Cable Service	12,000	8,500	6,071	14,571	12,480	
Dues and Subscriptions	9,013	19,012	13,580	32,592	9,373	
Chemicals	78,730	42,179	30,128	72,307	81,879	
Fertilizer - Course	76,640	36,205	25,861	62,066	79,706	
Sand, Seed & Dressing	38,676	5,330	3,807	9,137	40,223	
Licenses/Permits	2,350	4,087	2,919	7,006	2,444	
Cash Short/Over	-	708	-	708	-	
Miscellaneous	13,700	4,005	2,861	6,866	14,248	
Other Services	8,000	1,069	764	1,833	8,320	
Trustee Fees/Bank Charges	90,997	74,589	53,278	127,867	94,637	
Management Fees - Hampton	86,400	56,003	40,002	96,005	86,400	
Rentals & Leases	257,800	151,039	107,885	258,924	268,112	
Lake Maintenance	30,000	17,500	12,500	30,000	31,200	
Insurance	129,840	67,298	-	67,298	46,828	
Other Current Charges	32,000	19,664	14,046	33,710	33,280	
District Manager/Administrator	38,500	16,500	11,786	28,286	48,168	
District Attorney	5,820	3,983	2,845	6,828	6,476	
Audit	2,000	1,342	2,408	3,750	3,750	
Sales Tax/Gratuities/Lesson Expense	548,662	-
-	548,662	548,662	570,608	
TOTAL OPERATING EXPENSES	$4,069,862	$1,876,280	$1,857,236	$3,733,516	$4,129,142	
						
NET OPERATING INCOME	$(58,312)	$188,502	$165,911	$354,413	$42,867	

Non-Operating Expenses						
Other Income	$	-	$-	$-	$-	$	-	
Other Expenses	-	-	-	-	-	
Principal Expense - 10/1	(475,000)	(245,000)	(230,000)	(475,000)	-	
Interest Expense - 10/1	(15,675)	(15,675)	-	(15,675)	-	
Interest Expense - 4/1	(15,675)	(35,915)	-	(35,915)	-	
TOTAL NON-OPERATING EXPENSES	$(506,350)	$(296,590)	$(230,000)	$(526,590)	$-	
						
EXCESS REVENUES (EXPENDITURES)	$(564,662)	$(108,088)	$(64,089)	$(172,177)	$42,867	
AMORTIZATION SCHEDULE
Debt Service Series 1999 Golf Course Revenue Bonds

04/01/05	$5,535,000	6.600%	$-	$182,655	-	
10/01/05	5,535,000	6.600%	140,000	182,655	505,310	
04/01/06	5,395,000	6.600%	-	178,035		
10/01/06	5,395,000	6.600%	150,000	178,035	506,070	
04/01/07	5,245,000	6.600%	-	173,085		
10/01/07	5,245,000	6.600%	160,000	173,085	506,170	
04/01/08	5,085,000	6.600%	-	167,805		
10/01/08	5,085,000	6.600%	170,000	167,805	505,610	
04/01/09	4,915,000	6.600%	-	162,195		
10/01/09	4,915,000	6.600%	180,000	162,195	504,390	
04/01/10	4,735,000	6.600%	-	156,255		
10/01/10	4,735,000	6.600%	195,000	156,255	507,510	
04/01/11	4,540,000	6.600%	-	149,820		
10/01/11	4,540,000	6.600%	205,000	149,820	504,640	
04/01/12	4,335,000	6.600%	-	143,055		
10/01/12	4,335,000	6.600%	220,000	143,055	506,110	
04/01/13	4,115,000	6.600%	-	135,795		
10/01/13	4,115,000	6.600%	235,000	135,795	506,590	
04/01/14	3,880,000	6.600%	-	128,040		
10/01/14	3,880,000	6.600%	250,000	128,040	506,080	
04/01/15	3,630,000	6.600%	-	119,790		
10/01/15	3,630,000	6.600%	270,000	119,790	509,580	
04/01/16	3,360,000	6.600%	-	110,880		
10/01/16	3,360,000	6.600%	285,000	110,880	506,760	
04/01/17	3,075,000	6.600%	-	101,475		
10/01/17	3,075,000	6.600%	305,000	101,475	507,950	
04/01/18	2,770,000	6.600%	-	91,410		
10/01/18	2,770,000	6.600%	325,000	91,410	507,820	
04/01/19	2,445,000	6.600%	-	80,685		
10/01/19	2,445,000	6.600%	345,000	80,685	506,370	
04/01/20	2,100,000	6.600%	-	69,300		
10/01/20	2,100,000	6.600%	370,000	69,300	508,600	
04/01/21	1,730,000	6.600%	-	57,090		
04/01/21	1,730,000	6.600%	390,000	57,090	504,180	
04/01/22	1,340,000	6.600%	-	44,220		
10/01/22	1,340,000	6.600%	420,000	44,220	508,440	
04/01/23	920,000	6.600%	-	30,360		
10/01/23	920,000	6.600%	445,000	30,360	505,720	
04/01/24	475,000	6.600%	-	15,675		
10/01/24	475,000	6.600%	475,000	15,675	506,350	
Total			$5,535,000	$4,595,250	$10,130,250	

User Fees - Dues
Patron membership dues for all categories
Greens/Cart Fees
Green and Cart fee revenues
Merchandise/Food/Beverage Sale
Golf Shop merchandise sales and all F&B sales (Food, N/A Beverage Sales: Beverage, Beer/Wine, and Liquor)
Rental Revenue
Room rentals and golf club rentals
Membership Income - Other Fees
Patron Trail Fees, Handicap dues, and Range Dues.
Miscellaneous Income
Cart repair income, Lesson income, Finance charges, and Daily range fees.

Salaries
Salaried and hourly full time and part time employee’s wages for the Golf Operations, Maintenance, Food and Beverage, and Administrative.
Employee Expenses
Payroll expenses (Taxes, Workers Comp, Health Insurance, and 401K)
Employee Uniforms
Staff uniforms for all departments
Training
Training seminars for staff.
Janitorial Expense/Supplies
Janitorial service and supplies

Tournaments & Events
Member and Resident events (Trivia Night, Invitational tournament, etc)

Centralized Services
Marketing association fees (Fl 1st Coast of Golf), Media buys (Golfers Guide), Email marketing, Newsletter, CSC office to book tee times (shared labor costs) , Promotional advertising, Graphic art work, centralized accounting services.
Course & Grounds Maintenance
Golf course and irrigation repairs
Repairs - Equipment
Equipment repairs for Golf, F&B, and Maintenance equipment.
Repairs - Buildings
Repairs to buildings
Operating Supplies
Supplies for Golf (Tees, Towels, Practice Balls), F&B (Linen, Serving Equipment, Paper Supplies), Maintenance Supplies
Office Supplies
Paper, Envelopes, Register Receipts, etc.
Postage
Stamps
Printing & Reproduction
Stationary and letterhead
Utility Services
Electric and Water & Sewer
Gas/Oil/Propane
F&B Propane, Gas, Diesel, and Hydraulic Oil
Refuse & Potables
Waste removal service
Telephone/T1 Line
Maintenance Internet, telephone and admin telephone
Other Conractual Services
Alarm and Pest Control services, Aerification contractor
Music & Cable Service
Music system for the clubhouse
Dues & Subscriptions
Comcast, FSGA handicap dues, PGA dues, etc
Chemicals
Golf course chemicals
Fertilizer - Course
Golf course fertilizers

Sand, Seed & Dressing
Over seed, Top dressing, Divot sand, and Mulch
Licenses/Permits
Food and Beverage licenses, ASCAP, SESAC
Trustee Fees/Bank Charges
Credit card commissions and Trustee charges
Management Fees - Hampton
Golf Club management fees (Hampton)
Rentals & Leases
Cart fleet, Maintenance equipment, Dishwasher, Irrigation computer and Copier
Lake Maintenance
Treatment of lakes on GC for algae and weeds
Insurance
Liability and Property insurance
Other Current Charges
Real Estate taxes
District Manager/Administrator
District Manager and GMS, LLC fees.

District Attorney
Attorney fees
Audit
Audit fees

Principal Expense
Golf Bond Principal Payment
Interest Expense
Interest on the Golf Bond

Golf Fund FY2024-2029 Budget Five Year Capital Plan

2025	$	250,000	
2026	$	250,000	
2027	$	250,000	
2028	$	250,000	
2029	$	250,000	
Proposed Budget Swim & Tennis Fund

Adopted	Actuals Thru	Projected Next Projected Thru	Proposed Budget				Budget						
Description	FY2024	4/30/24		5 Months		9/30/24	FY 2025	

REVENUES:						
User Fees	$150,000	$101,346	$72,390	$173,736	$150,000	
Lesson Income	230,000	148,112	105,794	253,906	230,619	
CDD Lesson Income	25,000	23,719	16,942	40,661	25,000	
Merchandise/Food/Beverage Sale	185,000	41,126	150,000	191,126	185,000	
TOTAL REVENUES	$590,000	$314,303	$345,126	$659,429	$590,619	

COST OF GOODS SOLD						
Cost of Goods Sold	140,000	34,807	24,862	59,669	140,000	
TOTAL GROSS PROFIT	$450,000	$279,496	$320,264	$599,760	$450,619	

OPERATING EXPENSES						
Salaries	$892,000	$369,424	$263,874	$633,298	$965,000	
Employee Expenses	249,760	108,275	77,339	185,614	270,200	
Employee Education and Training	8,000	1,601	1,144	2,745	8,000	
Lessons Paid Out	230,000	148,187	105,848	254,035	230,000	
Promotional Activities	100,000	52,374	37,410	89,784	100,000	
Activities & Events - Tennis	20,000	20,355	14,539	34,894	20,000	
Communications and Freight	22,000	15,976	11,411	27,387	22,000	
Customer Service & Advertising	6,000	2,385	1,704	4,089	6,000	
Other Contractual	27,500	15,586	11,133	26,719	27,500	
Repairs & Maintenance	80,000	71,495	51,068	122,563	100,000	
Operating Supplies	24,000	10,912	7,794	18,706	24,000	
Office Supplies	22,000	4,876	3,483	8,359	15,000	
Utility Services	160,000	91,890	65,636	157,526	160,000	
Gas/Oil/Propane	26,000	27,954	19,967	47,921	26,000	
Chemicals	85,000	32,834	23,453	56,287	80,000	
Licenses/Permits	4,000	2,030	1,450	3,480	4,000	
Bad Debt	-	(773)	-	(773)	-	
Cash Short/Over	-	20	14	34	-	
Trustee Fees	25,000	13,150	9,393	22,543	25,000	
District Manager/Administrator	42,030	27,004	19,289	46,293	48,168	
Insurance	50,000	24,479	17,485	20,982	46,828	
Taxes	60	160	114	274	60	
Audit	3,000	-
-	3,750	3,750	3,750	
TOTAL OPERATING EXPENSES	$2,076,350	$1,040,194	$747,298	$1,766,510	$2,181,507	
						
NET OPERATING INCOME	$(1,626,350)	$(760,698)	$(427,034)	$(1,166,750)	$(1,730,888)	

Non-Operating Expenses						
Interfund Transfer In - GF	$  1,626,350	$948,586	$677,764	$1,626,350	$  1,730,888	
Other Income	-	(771)	-	(771)	-	
Nonrecurring & Capital Expenses	-	-	-	-	-	
TOTAL NON-OPERATING EXPENSES	$1,626,350	$947,815	$677,764	$1,625,579	$1,730,888	
						
EXCESS REVENUES (EXPENDITURES)	$-	$187,117	$250,730	$458,829	$0	
Swim/Tennis Fund Fiscal Year 2025

User Fees
Pass Holder Income, Guest Fees, Facility Rental and Finance charges
Lesson Income
Revenue generated from Tennis/Pickleball/Swim lessons
CDD Lesson Income
CDD portion of revenue generated from Tennis/Pickleball/Swim lessons
Merchandise/Food/Beverage Sale
Tennis Merchandise sales and Snack Bar sales (Net of Cost of Goods Sold)

Salaries
Salaried and hourly full time and part time employee’s wages for Aquatics/Lifestyles/Maintenance/Tennis/Pickleball
Employee Expenses
Payroll expenses (Taxes, Workers Comp, Health Insurance, and 401K) and uniforms
Employee Education and Training
Aquatic employees mandatory training requirements
Lessons Paid Out
Revenue generated from Tennis/Pickleball/Swim lessons paid to employees
Activities & Events
Community events (parades, dive in movies etc…)
Activities & Events - Tennis
Tennis/Pickleball events
Communications and Freight
Telephone, Internet, Postage
Customer Service & Advertising
Graphic design, accounting, email
Other Contractual
Pest Control, Alarm Service, IT
Repairs & Maintenance
Equipment repairs and maintenance

Operating Supplies
Janitorial supplies, first aid equipment and misc. supplies
Office Supplies
Paper, printer cartridges, receipt paper, etc..
Utility Services
Electric, Water & Sewer
Gas/Oil/Propane
Propane for the Snack Bar and Waterfront pool heaters

Chemicals
Pool chemicals
Licenses/Permits
Licenses and pool permits
Trustee/Bank Expenses
Credit card commissions and bank fees
District Management/Administration
The District receives Management, Accounting and Administrative Administration:
Insurance
Liability and property insurance
Audit
Annual Audit fees

Inter-fund Transfer In
CDD Funds to operate the Swim & Tennis operation, over and above revenues generated
The Crossing at Fleming Island
Community Development District
Non-Ad Valorem Assessments FY2025

Land Use	#Lots/	Annual Maintenance Assessments Acres						
	
Gross per units	Total Gross Assessments	
Gross per units	Updated Total Net O&M	
Increase net by $X	
	FY 2024	FY 2025				

RESIDENTIAL	3276	$	752.33	$	2,464,633.08	$	752.33	$	2,464,633.08	$	-	
COBBLESTONE & STATION	508	$	564.24	$	286,633.92	$	564.24	$	286,633.92	$	-	
COMMERCIAL	253.19	$	6,394.85	$	1,619,112.71	$	6,394.85	$	1,619,112.71	$	-	

Total Gross	4037.19		$	4,370,379.71		$	4,370,379.71	$	-	
Discount/Commission (6%)		$	262,222.78		$	262,222.78	$	-	
Net Assessments		$	4,108,156.93		$	4,108,156.93	$	-	

Alocation						
General Fund		$	3,488,035.00		$	3,487,959.93	$	(75.07)	
Reserve Fund		$	620,197.00		$	620,197.00	$	-	
Net Assessments		$	4,108,232.00		$	4,108,156.93	$	(75.07)