Adopted Budget	
Fiscal Year 2020	

Turtle Run	
Community Development District	

August 12, 2019

Turtle Run	
Community Development District	

TABLE OF CONTENTS

Page 1-2	
Page 3-7	
Page 8	
Page 9	

Page 10	
Page 11-12	

General Fund	
Budget	
Budget Narrative	
Operating Reserve Schedule	
Emergency Reserve Schedule	
Debt Service Funds	
Budget	
Amortization Schedule	
Capital Projects Funds	
Budget	

Page 13

Turtle Run	
Community Development District	

Adopted	
Budget	
 	FY 2019		

Actual		Projected	
Thru		Next	
 	6/30/2019			 	3 Months		

Total	
Projected	
 	9/30/2019		

Adopted	
Budget	
 	FY 2020		

 Description	

Revenues

Special Assessment - Levy	
Interest Income	
FEMA Proceeds	
Insurance Proceeds	
Miscellaneous Income	
Undesignated Fund Balance	

$1,271,477	
$1,000	
$0	
$0	
$0	
$0	

$1,282,486	
$43,657	
$74,448	
$9,881	
$3,096	
$0	

$0	
$14,552	
$0	
$0	
$0	
$0	

$1,282,486	
$58,209	
$74,448	
$9,881	
$3,096	
$0	

$1,271,477	
$1,000	
$0	
$0	
$0	
$0	

 TOTAL REVENUES	 	$1,272,477	 	$1,413,568 	$14,552	 	$1,428,120	 	$1,272,477 

Expenditures

Administrative	
Supervisor Fees	
FICA Expense	
Engineering	
Attorney	
Annual Audit	
Trustee Fees	
Management Fees	
Computer Time	
Telephone	
Travel & Per Diem	
Postage	
Printing & Binding	
Rentals & Leases	
Insurance	
Legal Advertising	
Other Current Charges	
Office Supplies	
Dues, Licenses & Subscriptions	
Website Compliance	

$24,000	
$1,836	
$10,000	
$60,000	
$4,500	
$0	
$57,676	
$1,000	
$200	
$4,000	
$750	
$1,600	
$4,800	
$9,387	
$850	
$625	
$250	
$175	
$500	

$17,200	
$1,316	
$0	
$35,987	
$4,500	
$7,000	
$43,257	
$750	
$189	
$4,785	
$430	
$1,118	
$3,600	
$8,534	
$1,495	
$2,318	
$104	
$175	
$375	

$6,000	
$459	
$0	
$11,996	
$0	
$0	
$14,419	
$250	
$63	
$0	
$143	
$373	
$1,200	
$0	
$877	
$773	
$35	
$58	
$125	

$23,200	
$1,775	
$0	
$47,982	
$4,500	
$7,000	
$57,676	
$1,000	
$251	
$4,785	
$573	
$1,490	
$4,800	
$8,534	
$2,372	
$3,090	
$139	
$233	
$500	

$24,000	
$1,836	
$10,000	
$60,000	
$4,000	
$7,000	
$59,406	
$1,000	
$200	
$4,000	
$750	
$1,600	
$4,800	
$9,387	
$850	
$625	
$250	
$175	
$1,000	

 TOTAL ADMINISTRATIVE	 	$182,149	 	$133,131 	$36,770	 	$169,901	 	$190,879 

Field:	
Salaries and Wages	
Special Pay	
FICA Expense	
Pension Expense	
Health Insurance	
Worker's Compensation Insurance	
Security	
Video Monitoring	
Travel & Per Diem	
Telephone Expense	
Internet/Data	
Rentals & Leases	
Insurance	
Electric	
Water	

$73,190	
$500	
$5,637	
$4,421	
$10,000	
$3,025	
$3,096	
$5,100	
$250	
$450	
$2,880	
$3,600	
$1,000	
$80,000	
$7,500	

$56,302	
$800	
$4,368	
$3,378	
$7,500	
$1,704	
$0	
$3,825	
$0	
$338	
$2,195	
$2,700	
$750	
$64,651	
$4,096	

$16,891	
$0	
$1,292	
$1,013	
$2,500	
$0	
$0	
$1,275	
$250	
$113	
$732	
$900	
$250	
$21,550	
$1,365	

$73,193	
$800	
$5,661	
$4,392	
$10,000	
$1,704	
$0	
$5,100	
$250	
$450	
$2,927	
$3,600	
$1,000	
$86,202	
$5,462	

$73,190	
$500	
$5,637	
$4,421	
$10,000	
$3,025	
$3,096	
$5,100	
$250	
$450	
$2,880	
$3,600	
$1,000	
$90,000	
$7,500	

Turtle Run	
Community Development District	

Adopted	
Budget	
 	FY 2019		

Actual		Projected	
Thru		Next	
 	6/30/2019			 	3 Months		

Total	
Projected	
 	9/30/2019		

Adopted	
Budget	
 	FY 2020		

 Description	

Contract Services:	
Weed Control	
Culvert Inspection	
Holiday Lighting	

$26,736	
$15,000	
$75,080	

$20,052	
$4,500	
$75,080	

$6,684	
$0	
$0	

$26,736	
$4,500	
$75,080	

$26,736	
$15,000	
$75,080	

Repairs & Maintenance:	
Landscape Maintenance	
Pest Control/Fertilization	
Landscape Replacement	
Annual Tree Trimming	
Fountain Contract	
Fountain Repairs	
Pool Maintenance	
Irrigation Repairs	
Vehicle Maintenance	
Pressure Cleaning	
Trash Pick-Up	
Contingencies	
Lighting/Electrical Repairs	

$260,260	
$48,300	
$125,000	
$31,000	
$2,000	
$10,500	
$3,000	
$17,500	
$1,000	
$28,500	
$1,404	
$18,000	
$5,000	

$193,198	
$36,225	
$46,727	
$30,500	
$1,415	
$24,993	
$2,380	
$11,181	
$750	
$26,900	
$0	
$17,738	
$1,275	

$64,399	
$12,075	
$78,273	
$0	
$585	
$0	
$645	
$4,375	
$250	
$0	
$0	
$262	
$425	

$257,597	
$48,300	
$125,000	
$30,500	
$2,000	
$24,993	
$3,025	
$15,556	
$1,000	
$26,900	
$0	
$18,000	
$1,700	

$260,260	
$48,300	
$125,000	
$31,000	
$2,000	
$10,500	
$3,000	
$17,500	
$1,000	
$28,500	
$1,404	
$18,000	
$5,000	

Operating Supplies:	
Gas/Oil	
Holiday Decorations	
Flags	

$5,000	
$5,000	
$2,352	

$1,519	
$0	
$518	

$506	
$5,000	
$173	

$2,025	
$5,000	
$691	

$5,000	
$5,000	
$2,352	

Capital Projects Transfer Out	
Reserves for Emergency Funds	

$109,045	
$100,000	

$0	
$0	

$109,045	
$100,000	

$109,045	
$100,000	

$90,315	
$100,000	

 TOTAL FIELD MAINTENANCE			 	$1,090,328 		 	$647,559 		 	$430,829 		 	$1,078,387 		 	$1,081,597 	
 TOTAL EXPENDITURES			 	$1,272,476 		 	$780,690 		 	$467,599 		 	$1,248,289 		 	$1,272,477 	
 EXCESS REVENUES			 	$0 		 	$632,878 		 	($453,047)		 	$179,831 		 	$0 	

FY 2016	FY 2017	FY 2018	FY 2019	FY 2020
$1,271,477
$83,075
$1,354,552

311.51

$4,348.34	
Net Assessment	$1,740,582	$1,740,582	$1,740,582	$1,271,477		
Discounts & Collections 6%	$113,018	$113,018	$113,018	$83,075		
Gross Assessment	$1,853,600	$1,853,600	$1,853,600	$1,354,552
Assessable Acres	311.51	311.51	311.51	311.51

Assessment Per Acre	$5,950.37	$5,950.37	$5,950.37	$4,348.34		

Unit Type	Acre	
2017-1	
Residential-Single Fami	108.7	
Condo-Cypress Pointe	26.7	
2017-2	
Apartment-The Grove	32.4	
Apartment-Park Place	17.4	
Apartments-The Park	13.5	
Commercial	112.6
311.5	

Debt Service	
Assessment (1)	
$1,456.70	
$1,456.70	

General Fund	
Assessment	
$4,348.34	
$4,348.34	

Total Gross	
Assessment Per Acre	
$5,805.04	
$5,805.04	

s

4
2

1
9
4
1
1

$1,602.03	
$1,602.03	
$1,602.03	
$1,552.53	

$4,348.34	
$4,348.34	
$4,348.34	
$4,348.34	

$5,950.37	
$5,950.37	
$5,950.37	
$5,900.87	

(1) Refer to page 10 for detailed calculation.

REVENUES:

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

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 all five supervisors attending the estimated 24 semi-monthly meetings.

FICA Expense
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering Fees
The District's engineer will be providing general engineering services to the District including attendance and preparation for board meetings, etc.

Attorney
The District's legal counsel will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, etc.

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

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida. These services are further  outlined in Exhibit "A" of the Management Agreement.

Computer Time
The District processes all of its financial activities, i.e., accounts payable, financial statements, etc. on a mainframe computer leased by Governmental Management Services-South Florida.

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.

Rental & Leases
The District will be charged $400 per month for office rent from Governmental Management Services- South Florida, LLC.

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with an insurance company that 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 a newspaper of general circulation.

Other Current Charges
Bank charges and any other miscellaneous expenses that are incurred during the year.

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.

Website Compliance
Per Section 189.069 F.S., all Districts must have a website by October 1, 2015 to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated as required by the Statute.

Field Maintenance:

Salaries and Wages
The amount projected for this Fiscal Year includes a 0% increase from FY 2019. The total amount of wages for this Fiscal Year is $73,190.

Special Pay
Special pay is a holiday bonus based on the number of years of service. This year’s expense is $500.

FICA Expense
FICA tax is established by the law and currently is 7.65% of gross wages. Based on this year’s projected Salaries and Wages, the amount projected for this Fiscal Year is $5,637.

Pension Expense
The pension plan was established whereby the employer contributes 6% of each employee’s salary into a defined pension plan. Based on the budgeted Salaries and Wages for Fiscal Year 2020, the amount projected for this Fiscal Year is $4,421.

Health Insurance Benefits
The District offers the employees’ Health, Life, Dental and Disability Insurance. The maximum benefit per employee will be 31% of Gross Salaries and Wages. Based on the amount budgeted for Salaries and Wages, the amount is not to exceed $10,000 annually.

Worker’s Compensation Insurance
The District’s Worker’s Compensation Insurance Policy is with Bridgefield Employers Insurance Company. Based on last year’s amount, the projected amount for this Fiscal Year is $3,025.

Security
For the security and safety of board members and residents, a Police officer will be staffed at each board meeting. The current rate per meeting is $129.

Travel and Per Diem
Supervisor’s reimbursement for mileage, tolls, attendance of special meetings, etc. The projected amount for this Fiscal Year is $250.

Telephone
The District’s cost for this category includes monthly Cell Phone usage. Based on prior years activity,  the amount budgeted is $450.

Rentals and Leases
The District will reimburse Governmental Management Services-South Florida for the Truck Lease at a monthly cost of $300, or $3600 annually.

Insurance
The District reimburses GMS-SF, LLC for their proportionate share of auto insurance on the vehicle supplied to the Field Manager. Based on prior year’s premium, the budgeted amount for this Fiscal  Year is $1,000.

Electric
The District currently has the following utility accounts:

Account Number	Meter #	Description	Amount	
95557-01334	6JJ2800	3953 Turtle Run Blvd. - Fountain	$	18,000.00	
13895-60937	AC38867	6400 Wiles Road	$	200.00	
13945-67968	AC38334	6200 Wiles Road	$	175.00	
31814-55225	6JL8074	6601 W. Sample Road - Fountain	$	18,000.00	
38034-60413	AC43139	6603 W. Sample Road - Xmas Lights	$	200.00	
41154-57279	AC37807	6601 W. Sample Road - Entrance Lights	$	300.00	
41224-58252	5J05215	6403 W. Sample Road - 1 Pump	$	175.00	
41745-56268	5J36977	3954 Turtle Creek Drive - 2 Pump	$	5,250.00	
41755-54296	6J23876	3953 Turtle Run Blvd. - 3 Pump (Fountain)	$	7,000.00	
49287-21507	AC51275	3690 Turtle Run Blvd. - Aux	$	200.00	
69824-26402	6N51835	6300 Turtle Run Blvd. - Aux	$	12,000.00	
81978-96452	AE02784	6201 W. Sample Road - Lights	$	200.00	
01016-33543	ACD2738	4522 NW 67th Avenue - Pump	$	150.00	
59623-05529	AC01732	6644 NW 41st ST- Light 3	$	150.00	
03810-93525	AC02037	6716 NW 43rd PL- Light 2	$	150.00	
93833-13526	AC01118	6515 NW 43rd CT- Light1	$	150.00	
78810-39213	6N92075	6250 Turtle Run Blvd. Fountain	$	8,500.00	
82186-97178	65LL2440	4372 N State Road 7 - Target Fountain	   $	19,200.00		
TOTAL			$	90,000.00	

Water
The City of Coral Springs provides water service for irrigation along the Wiles Road Privacy Wall.

Contractual Services
The District has the following contracts:

Weed Control	Weed Control	$26,736.00	
Culvert Inspection	Industrial Divers	$15,000.00	
Holiday Lighting	Christmas Designers	$75,080.00	
Total		$116,816.00	

Repairs and Maintenance
The following expenses are expected for Fiscal Year 2020:

Landscape Maintenance	$260,260.00	
Pest Control/Fertilization-Lawn	$48,300.00	
Landscape Replacement	$125,000.00	
Annual Tree Trimming	$31,000.00	
Fountain Contract	$2,000.00	
Fountain Repairs	$10,500.00	
Pool Maintenance	$3,000.00	
Irrigation Repairs	$17,500.00	
Vehicle Maintenance	$1,000.00	
Pressure Cleaning	$28,500.00	
Trash Pick-Up	$1,404.00	
Contingencies	$18,000.00	
Lighting/Electrical Repairs	$5,000.00	
Total	$551,464.00	

Operating Supplies
Purchase of supplies for the District’s Field Department is as follows:

Gas/Oil/Misc	$5,000.00	
Triploid Carp	$0.00	
Holiday Decorations	$5,000.00	
Flags	$2,352.00	
Total	$12,352.00	

Capital Projects
Capital Projects needed throughout the Fiscal Year.

Reserves for Emergency Funds
The Reserves were set up to provide for emergency funds to put aside funds for future capital expenditures.

TURTLE RUN	
COMMUNITY DEVELOPMENT DISTRICT	

OPERATING SCHEDULE RESERVES

Description	Amount

Beginning Balance - Carry Forward Surplus (As of 10/1/2018)	
Estimated Excess Revenues over Expenditures (FY 19)	

$1,776,974	
$179,831	

Less:			
Funding for First Quarter Operating Expenses	($222,821)		
Reserved for Emergency Fund thru 9/30/19	($1,196,767)	  $	(1,419,588)	

Total Undesignated Cash as of 09/30/2019	$537,217

Page 8

TURTLE RUN
COMMUNITY DEVELOPMENT DISTRICT

SCHEDULE OF FISCAL YEAR 2018 EMERGENCY FUND RESERVES	
SBA ACCOUNT # 281450	

EMERGENCY FUND RESERVE	RESERVES	FUNDING	BALANCE	
THRU 9/30/19	FY 2020	9/30/2020	

EMERGENCY FUND	$1,196,767	$100,000	$1,296,767	
TOTALS	$1,196,767	$100,000	$1,296,767	

Page 9

Turtle Run	
Community Development District	

 	
Debt Service Fund	
Series 2017 Special Assessment Revenue Bonds	

Adopted	
Budget	
 	FY 2019		

 Description	

Revenues	
Special Assessments	
Interest Income	
Carry Forward Surplus	

    TOTAL REVENUES	

Expenditures

Series 2017-1	
Interest - 11/01	
Interest - 05/01	
Principal - 05/01	

Series 2017-2	
Interest - 11/01	
Interest - 05/01	
Principal - 05/01	

Actual		Projected	
Thru		Next	
 	6/30/2019			 	3 Months		

Total	
Projected	
 	9/30/2019		

Adopted	
Budget	
 	FY 2020		

$445,360	$448,581	$0

$445,360	
$0	
$225,976	

$448,581	
$10,904	
$153,198	

$0	$8,178	$2,726

$601,533	$609,957	

    TOTAL EXPENDITURES			$446,115		$446,115		$0		$446,115		$446,115	

Other Financing Sources and Uses

Interfund Transfer		

$0		

$59,408		

$0		

$59,408		

$0	
    TOTAL OTHER FINANCING SOURCES AND USES			$0		$59,408		$0		$59,408		$0	
											
EXCESS REVENUES (EXPENDITURES)		$155,418		$223,250		$2,726		$225,976		$225,221	

$156,173	$153,198	$0

$2,726	$612,683	$671,336

$52,683	
$52,683	
$80,000	

$52,683	
$52,683	
$80,000	

$0	$52,683	
$0	$52,683	
$0	$80,000	

$52,683	
$52,683	
$80,000	

$95,375	
$95,375	
$70,000	

$95,375	
$95,375	
$70,000	

$0		$95,375	
$0		$95,375	
$0		$70,000	

$95,375	
$95,375	
$70,000	

11/20 Interest	
11/20 Interest	
Total	

$51,083	
 	$93,975 	
$145,058	

108.74	
26.72	

$1,456.70	
$1,456.70	

$158,401.56	
$38,923.02	

32.41	
17.49	
13.54	
 	112.61		
311.51	

$1,602.03	
$1,602.03	
$1,602.03	
$1,552.53	

Unit Type
2017-1
Residential-Single Family Condo-Cypress Pointe 2017-2
Apartment-The Grove Apartment-Park Place Apartments-The Park Commercial

Acres

Gross Assessment
Per Unit Amount

Total

Less Discount/Collection Fees
Total Net Assessment

$51,921.79
$28,019.50
$21,691.49
$174,830.40
$473,787.77 ($28,427.27)
$445,360.50

Page 10

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	

05/01/19	$	3,435,000.00	$	80,000.00	$	52,682.50	$	-	
11/01/19	$	3,355,000.00	$	-	$	51,882.50	$	184,565.00	
05/01/20	$	3,355,000.00	$	80,000.00	$	51,882.50	$	-	
11/01/20	$	3,275,000.00	$	-	$	51,082.50	$	182,965.00	
05/01/21	$	3,275,000.00	$	80,000.00	$	51,082.50	$	-	
11/01/21	$	3,195,000.00	$	-	$	50,282.50	$	181,365.00	
05/01/22	$	3,195,000.00	$	85,000.00	$	50,282.50	$	-	
11/01/22	$	3,110,000.00	$	-	$	49,432.50	$	184,715.00	
05/01/23	$	3,110,000.00	$	85,000.00	$	49,432.50	$	-	
11/01/23	$	3,025,000.00	$	-	$	48,529.38	$	182,961.88	
05/01/24	$	3,025,000.00	$	85,000.00	$	48,529.38	$	-	
11/01/24	$	2,940,000.00	$	-	$	47,573.13	$	181,102.50	
05/01/25	$	2,940,000.00	$	90,000.00	$	47,573.13	$	-	
11/01/25	$	2,850,000.00	$	-	$	46,448.13	$	184,021.25	
05/01/26	$	2,850,000.00	$	90,000.00	$	46,448.13	$	-	
11/01/26	$	2,760,000.00	$	-	$	45,278.13	$	181,726.25	
05/01/27	$	2,760,000.00	$	95,000.00	$	45,278.13	$	-	
11/01/27	$	2,665,000.00	$	-	$	43,971.88	$	184,250.00	
05/01/28	$	2,665,000.00	$	95,000.00	$	43,971.88	$	-	
11/01/28	$	2,570,000.00	$	-	$	42,606.25	$	181,578.13	
05/01/29	$	2,570,000.00	$	100,000.00	$	42,606.25	$	-	
11/01/29	$	2,470,000.00	$	-	$	41,056.25	$	183,662.50	
05/01/30	$	2,470,000.00	$	105,000.00	$	41,056.25	$	-	
11/01/30	$	2,365,000.00	$	-	$	39,428.75	$	185,485.00	
05/01/31	$	2,365,000.00	$	105,000.00	$	39,428.75	$	-	
11/01/31	$	2,260,000.00	$	-	$	37,801.25	$	182,230.00	
05/01/32	$	2,260,000.00	$	110,000.00	$	37,801.25	$	-	
11/01/32	$	2,150,000.00	$	-	$	36,096.25	$	183,897.50	
05/01/33	$	2,150,000.00	$	115,000.00	$	36,096.25	$	-	
11/01/33	$	2,035,000.00	$	-	$	34,227.50	$	185,323.75	
05/01/34	$	2,035,000.00	$	115,000.00	$	34,227.50	$	-	
11/01/34	$	1,920,000.00	$	-	$	32,358.75	$	181,586.25	
05/01/35	$	1,920,000.00	$	120,000.00	$	32,358.75	$	-	
11/01/35	$	1,800,000.00	$	-	$	30,408.75	$	182,767.50	
05/01/36	$	1,800,000.00	$	125,000.00	$	30,408.75	$	-	
11/01/36	$	1,675,000.00	$	-	$	28,377.50	$	183,786.25	
05/01/37	$	1,675,000.00	$	130,000.00	$	28,377.50	$	-	
11/01/37	$	1,545,000.00	$	-	$	26,265.00	$	184,642.50	
05/01/38	$	1,545,000.00	$	135,000.00	$	26,265.00	$	-	
11/01/38	$	1,410,000.00	$	-	$	23,970.00	$	185,235.00	
05/01/39	$	1,410,000.00	$	135,000.00	$	23,970.00	$	-	
11/01/39	$	1,275,000.00	$	-	$	21,675.00	$	180,645.00	
05/01/40	$	1,275,000.00	$	140,000.00	$	21,675.00	$	-	
11/01/40	$	1,135,000.00	$	-	$	19,295.00	$	180,970.00	
05/01/41	$	1,135,000.00	$	145,000.00	$	19,295.00	$	-	
11/01/41	$	990,000.00	$	-	$	16,830.00	$	181,125.00	
05/01/42	$	990,000.00	$	150,000.00	$	16,830.00	$	-	
11/01/42	$	840,000.00	$	-	$	14,280.00	$	181,110.00	
05/01/43	$	840,000.00	$	155,000.00	$	14,280.00	$	-	
11/01/43	$	685,000.00	$	-	$	11,645.00	$	180,925.00	
05/01/44	$	685,000.00	$	160,000.00	$	11,645.00	$	-	
11/01/44	$	525,000.00	$	-	$	8,925.00	$	180,570.00	
05/01/45	$	525,000.00	$	170,000.00	$	8,925.00	$	-	
11/01/45	$	355,000.00	$	-	$	6,035.00	$	184,960.00	
05/01/46	$	355,000.00	$	175,000.00	$	6,035.00	$	-	
11/01/46	$	180,000.00	$	-	$	3,060.00	$	184,095.00	
05/01/47	$	180,000.00	$	180,000.00	$	3,060.00	$	183,060.00	

$	3,435,000.00	$	1,870,326.25	$	5,305,326.25	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	

05/01/19	$	3,980,000.00	$	70,000.00	$	95,375.00	$	-	
11/01/19	$	3,910,000.00	$	-	$	93,975.00	$	259,350.00	
05/01/20	$	3,910,000.00	$	70,000.00	$	93,975.00	$	-	
11/01/20	$	3,840,000.00	$	-	$	92,575.00	$	256,550.00	
05/01/21	$	3,840,000.00	$	75,000.00	$	92,575.00	$	-	
11/01/21	$	3,765,000.00	$	-	$	91,075.00	$	258,650.00	
05/01/22	$	3,765,000.00	$	75,000.00	$	91,075.00	$	-	
11/01/22	$	3,690,000.00	$	-	$	89,575.00	$	255,650.00	
05/01/23	$	3,690,000.00	$	80,000.00	$	89,575.00	$	-	
11/01/23	$	3,610,000.00	$	-	$	87,975.00	$	257,550.00	
05/01/24	$	3,610,000.00	$	85,000.00	$	87,975.00	$	-	
11/01/24	$	3,525,000.00	$	-	$	86,275.00	$	259,250.00	
05/01/25	$	3,525,000.00	$	85,000.00	$	86,275.00	$	-	
11/01/25	$	3,440,000.00	$	-	$	84,575.00	$	255,850.00	
05/01/26	$	3,440,000.00	$	90,000.00	$	84,575.00	$	-	
11/01/26	$	3,350,000.00	$	-	$	82,775.00	$	257,350.00	
05/01/27	$	3,350,000.00	$	95,000.00	$	82,775.00	$	-	
11/01/27	$	3,255,000.00	$	-	$	80,875.00	$	258,650.00	
05/01/28	$	3,255,000.00	$	100,000.00	$	80,875.00	$	-	
11/01/28	$	3,155,000.00	$	-	$	78,875.00	$	259,750.00	
05/01/29	$	3,155,000.00	$	100,000.00	$	78,875.00	$	-	
11/01/29	$	3,055,000.00	$	-	$	76,375.00	$	255,250.00	
05/01/30	$	3,055,000.00	$	105,000.00	$	76,375.00	$	-	
11/01/30	$	2,950,000.00	$	-	$	73,750.00	$	255,125.00	
05/01/31	$	2,950,000.00	$	115,000.00	$	73,750.00	$	-	
11/01/31	$	2,835,000.00	$	-	$	70,875.00	$	259,625.00	
05/01/32	$	2,835,000.00	$	120,000.00	$	70,875.00	$	-	
11/01/32	$	2,715,000.00	$	-	$	67,875.00	$	258,750.00	
05/01/33	$	2,715,000.00	$	125,000.00	$	67,875.00	$	-	
11/01/33	$	2,590,000.00	$	-	$	64,750.00	$	257,625.00	
05/01/34	$	2,590,000.00	$	130,000.00	$	64,750.00	$	-	
11/01/34	$	2,460,000.00	$	-	$	61,500.00	$	256,250.00	
05/01/35	$	2,460,000.00	$	140,000.00	$	61,500.00	$	-	
11/01/35	$	2,320,000.00	$	-	$	58,000.00	$	259,500.00	
05/01/36	$	2,320,000.00	$	145,000.00	$	58,000.00	$	-	
11/01/36	$	2,175,000.00	$	-	$	54,375.00	$	257,375.00	
05/01/37	$	2,175,000.00	$	155,000.00	$	54,375.00	$	-	
11/01/37	$	2,020,000.00	$	-	$	50,500.00	$	259,875.00	
05/01/38	$	2,020,000.00	$	160,000.00	$	50,500.00	$	-	
11/01/38	$	1,860,000.00	$	-	$	46,500.00	$	257,000.00	
05/01/39	$	1,860,000.00	$	170,000.00	$	46,500.00	$	-	
11/01/39	$	1,690,000.00	$	-	$	42,250.00	$	258,750.00	
05/01/40	$	1,690,000.00	$	175,000.00	$	42,250.00	$	-	
11/01/40	$	1,515,000.00	$	-	$	37,875.00	$	255,125.00	
05/01/41	$	1,515,000.00	$	185,000.00	$	37,875.00	$	-	
11/01/41	$	1,330,000.00	$	-	$	33,250.00	$	256,125.00	
05/01/42	$	1,330,000.00	$	195,000.00	$	33,250.00	$	-	
11/01/42	$	1,135,000.00	$	-	$	28,375.00	$	256,625.00	
05/01/43	$	1,135,000.00	$	205,000.00	$	28,375.00	$	-	
11/01/43	$	930,000.00	$	-	$	23,250.00	$	256,625.00	
05/01/44	$	930,000.00	$	215,000.00	$	23,250.00	$	-	
11/01/44	$	715,000.00	$	-	$	17,875.00	$	256,125.00	
05/01/45	$	715,000.00	$	225,000.00	$	17,875.00	$	-	
11/01/45	$	490,000.00	$	-	$	12,250.00	$	255,125.00	
05/01/46	$	490,000.00	$	240,000.00	$	12,250.00	$	-	
11/01/46	$	250,000.00	$	-	$	6,250.00	$	258,500.00	
05/01/47	$	250,000.00	$	250,000.00	$	6,250.00	$	256,250.00	

$	3,980,000.00	$	3,484,225.00	$	7,464,225.00	

$90,315	
$90,315	

Turtle Run	
Community Development District	

Capital Projects Funds

Adopted	
Budget	
 	FY 2019		

Actual	
Thru	
 	6/30/2019		

Projected	
Next	
 	3 Months		

Total	
Projected	
 	9/30/2019		

Adopted	
Budget	
 	FY 2020		

 Description	

Revenues	
Interest Income	
Carry Forward Surplus	

$500	$8,267	$2,756	$11,023	$500	
$479,320	$477,124	$0	$477,124	$596,558	

TOTAL REVENUES

$479,820		$485,391		$2,756		$488,147		$597,058	

Capital Outlay	-	Repairs and Replacements	

$0	
$0	

Expenditures

	$0		$476		$159		$634		
TOTAL EXPENDITURES		$0		$476		$159		$634			

Other Financing Sources/(Uses)

Capital Projects Transfer In		

$109,045		

$0		

$109,045		

$109,045			
TOTAL OTHER FINANCING SOURCES/(USES)		$109,045		$0		$109,045		$109,045			
											
EXCESS REVENUES		$588,865		$484,916		$111,642		$596,558		$687,372	

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