Adopted Budget	
Fiscal Year 2019	

Turtle Run	
Community Development District	

July 30, 2018	

Turtle Run		
Community Development District	

TABLE OF CONTENTS		

General Fund		
Budget	Page 1-2	
Budget Narrative	Page 3-7	
Operating Reserve Schedule	Page 8	
Emergency Reserve Schedule	Page 9	
Debt Service Funds		
Budget	Page 10	
Amortization Schedule	Page 11-12	
Capital Projects Funds		
Budget	Page 13	

Turtle Run										
Community Development District									General Fund	
	Adopted		Actual		Projected		Total		Adopted	
	Budget		Thru		Next		Projected		Budget	
 Description	    		FY 2018			 	6/30/2018			     3 Months			    9/30/2018 		 	FY 2019		
Revenues										
Special Assessment - Levy	$1,740,582		$1,349,760		$5,297		$1,355,057		$1,271,477	
Interest Income	$1,000		$23,657		$4,500		$28,157		$1,000	
Insurance Proceeds	$0		$4,550		$0		$4,550		$0	
Miscellaneous Income	$0		$225		$0		$225		$0	
Undesignated Fund Balance	$0		$0		$0		$0		$0	
 TOTAL REVENUES	    		$1,741,582 		 	$1,378,192 		 	$9,797 		    $1,387,989 		 	$1,272,477 	
Expenditures										
Administrative										
Supervisor Fees	$24,000		$18,800		$6,000		$24,800		$24,000	
FICA Expense	$1,836		$1,438		$459		$1,897		$1,836	
Engineering	$10,000		$0		$2,500		$2,500		$10,000	
Attorney	$60,000		$44,338		$14,252		$58,590		$60,000	
Annual Audit	$4,350		$4,350		$0		$4,350		$4,500	
Management Fees	$57,676		$43,257		$14,419		$57,676		$57,676	
Computer Time	$1,000		$750		$250		$1,000		$1,000	
Telephone	$200		$99		$64		$163		$200	
Travel & Per Diem	$4,000		$7,788		$0		$7,788		$4,000	
Postage	$750		$380		$130		$510		$750	
Printing & Binding	$1,600		$1,268		$423		$1,691		$1,600	
Rentals & Leases	$4,800		$3,600		$1,200		$4,800		$4,800	
Insurance	$9,388		$8,534		$0		$8,534		$9,387	
Legal Advertising	$750		$666		$512		$1,177		$850	
Other Current Charges	$550		$477		$159		$636		$625	
Office Supplies	$150		$141		$47		$188		$250	
Dues, Licenses & Subscriptions	$175		$175		$0		$175		$175	
Website Compliance	$500		$375		$125		$500		$500	
 TOTAL ADMINISTRATIVE	    		$181,725 		 	$136,436 		 	$40,540 		 	$176,976 		 	$182,149 	
Field:										
Salaries and Wages	$73,190		$56,302		$16,888		$73,190		$73,190	
Special Pay	$500		$500		$0		$500		$500	
FICA Expense	$5,637		$4,345		$1,292		$5,637		$5,637	
Pension Expense	$4,421		$3,408		$1,013		$4,421		$4,421	
Health Insurance	$10,000		$7,500		$2,500		$10,000		$10,000	
Worker's Compensation Insurance	$2,500		$3,011		$0		$3,011		$3,025	
Security	$3,096		$0		$0		$0		$3,096	
Video Monitoring	$5,100		$3,825		$1,275		$5,100		$5,100	
Travel & Per Diem	$250		$0		$0		$0		$250	
Telephone Expense	$450		$338		$113		$450		$450	
Internet/Data	$2,880		$2,389		$796		$3,185		$2,880	
Rentals & Leases	$3,600		$2,700		$900		$3,600		$3,600	
Insurance	$1,000		$750		$250		$1,000		$1,000	
Electric	$80,000		$58,098		$19,366		$77,465		$80,000	
Water	$7,500		$1,814		$605		$2,418		$7,500	

Turtle Run
Community Development District				

General Fund	

Adopted	Actual	Projected	Total	Adopted	
Budget	Thru	Next	Projected	Budget	
 Description	 	FY 2018		 	6/30/2018		     3 Months		    9/30/2018 	 	FY 2019		
Contract Services:					
Weed Control	$32,580	$35,222	$6,684	$41,906	$26,736	
Culvert Inspection	$15,000	$4,500	$4,500	$9,000	$15,000	
Holiday Lighting	$75,080	$71,017	$0	$71,017	$75,080	
Repairs & Maintenance:					
Landscape Maintenance	$290,261	$207,855	$58,873	$266,728	$260,260	
Pest Control/Fertilization	$0	$16,100	$12,075	$28,175	$48,300	
Landscape Replacement	$125,000	$89,348	$35,652	$125,000	$125,000	
Annual Tree Trimming	$31,000	$22,625	$0	$22,625	$31,000	
Fountain Contract	$2,000	$600	$1,400	$2,000	$2,000	
Fountain Repairs	$10,500	$9,612	$1,500	$11,112	$10,500	
Pool Maintenance	$3,000	$2,110	$645	$2,755	$3,000	
Irrigation Repairs	$17,500	$4,337	$13,163	$17,500	$17,500	
Vehicle Maintenance	$1,000	$750	$250	$1,000	$1,000	
Pressure Cleaning	$27,500	$28,045	$0	$28,045	$28,500	
Trash Pick-Up	$1,404	$0	$0	$0	$1,404	
Contingencies	$18,500	$13,196	$4,399	$17,595	$18,000	
Lighting/Electrical Repairs	$5,000	$200	$1,500	$1,700	$5,000	
Operating Supplies:					
Gas/Oil	$5,000	$1,918	$639	$2,557	$5,000	
Holiday Decorations	$5,000	$0	$0	$0	$5,000	
Flags	$2,352	$793	$264	$1,057	$2,352	
Capital Projects Transfer Out	$592,055	$0	$0	$0	$109,045	
Reserves for Emergency Funds	$100,000	$76,006	$23,994	$100,000	$100,000	

 TOTAL FIELD MAINTENANCE	 	$1,559,857 	 	$729,215 	 	$210,536 	 	$939,751 	 	$1,090,328 	

 TOTAL EXPENDITURES	 	$1,741,582 	 	$865,650 	 	$251,076 	    $1,116,726 	 	$1,272,476 	
EXCESS REVENUES	$0	$512,542	($241,279)	$271,263	$0	

	FY 2015	FY 2016	FY 2017	FY 2018	FY 2019	
Net Assessment	$1,513,356	$1,740,582	$1,740,582	$1,740,582	$1,271,477	
Discounts & Collections 6%	$98,514	$113,018	$113,018	$113,018	$83,075	
Gross Assessment	$1,611,870	$1,853,600	$1,853,600	$1,853,600	$1,354,552	
Assessable Acres	311.51	311.51	311.51	311.51	311.51	
Assessment Per Acre	$5,174.38	$5,950.37	$5,950.37	$5,950.37	$4,348.34	

Unit Type 2017-1	Acres	Debt Service Assessment (1)	General Fund Assessment	Total Gross Assessment Per Acre	
Residential-Single Fa	108.74	$1,456.70	$4,348.34	$5,805.04	
Condo-Cypress Point	26.72	$1,456.70	$4,348.34	$5,805.04	
2017-2					
Apartment-The Grov	32.41	$1,602.03	$4,348.34	$5,950.37	
Apartment-Park Plac	17.49	$1,602.03	$4,348.34	$5,950.37	
Apartments-The Park	13.54	$1,602.03	$4,348.34	$5,950.37	
Commercial	 	112.61		$1,552.53	$4,348.34	$5,900.87	
	311.51				

(1) Refer to page 10 for detailed calculation.

TURTLE RUN
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2019

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.

TURTLE RUN
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2019

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 remains the same as FY 2017. 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.

TURTLE RUN
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2019

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 2017, 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.

TURTLE RUN
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2019

Electric
The District currently has the following utility accounts:

Account Number		
Description	
Amount	
95557-01334	6JJ2800	3953 Turtle Run Blvd. - Fountain	$13,725.00	
13895-60937	AC38867	6400 Wiles Road	$175.00	
13945-67968	AC38334	6200 Wiles Road	$165.00	
31814-55225	6JL8074	6601 W. Sample Road - Fountain	$16,000.00	
38034-60413	AC43139	6603 W. Sample Road - Xmas Lights	$200.00	
41154-57279	AC37807	6601 W. Sample Road - Entrance Lights	$400.00	
41224-58252	5J05215	6403 W. Sample Road - 1 Pump	$1,000.00	
41745-56268	5J36977	3954 Turtle Creek Drive - 2 Pump	$5,900.00	
41755-54296	6J23876	3953 Turtle Run Blvd. - 3 Pump (Fountain)	$5,900.00	
49287-21507	AC51275	3690 Turtle Run Blvd. - Aux	$225.00	
69824-26402	6N51835	6300 Turtle Run Blvd. - Aux	$9,600.00	
81978-96452	AE02784	6201 W. Sample Road - Lights	$160.00	
01016-33543	ACD2738	4522 NW 67th Avenue - Pump	$150.00	
59623-05529	AC01732	6644 NW 41st ST- Light 3	$150.00	
038810-93525	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	$9,200.00	
82186-97178	65LL2440	4372 N State Road 7 - Target Fountain	$16,750.00	
			$80,000.00	

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	

TURTLE RUN
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2019

Repairs and Maintenance
The following expenses are expected for Fiscal Year 2018:

Landscape Maintenance	$290,261.00	
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  10/1/2017)		
$1,447,060	
Estimated Excess Revenues over Expenditures (FY  17)		$271,263	
Less:			
Funding for First Quarter Operating  Expenses	($271,814)		
Reserved for Emergency Fund thru  9/30/17	($1,096,767)	$	(1,368,581)	
			
Total Undesignated Cash as of  09/30/2018		$349,741	

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 9/30/18	FY 2019	9/30/2019	

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

Page 9

Turtle Run							Debt Service Fund	
Community Development District					Series 2017 Special Assessment Revenue Bonds	
		Adopted	Actual		Projected		Total		Adopted	
		Budget	Thru		Next		Projected		Budget	
 Description			 	FY 2018		 	6/30/2018			 	3 Months			 	9/30/2018			 	FY 2019		
Revenues											
Special Assessments			$0	$408,309		$1,602		$409,911		$445,360	
Interest Income			$0	$2,965		$1,433		$4,398		$0	
Carry Forward Surplus			$0	$0		$0		$0		$156,173	
TOTAL REVENUES			$0	$411,274		$3,035		$414,310		$601,533	

Expenditures											
Series 2017-1											
Interest - 11/01			$0	$0		$0		$0		$52,683	
Interest - 05/01			$0	$45,079		$0		$45,079		$52,683	
Principal - 05/01			$0	$70,000		$0		$70,000		$80,000	
Series 2017-2											
Interest - 11/01			$0	$0		$0		$0		$95,375	
Interest - 05/01			$0	$81,552		$0		$81,552		$95,375	
Principal - 05/01			$0	$60,000		$0		$60,000		$70,000	
TOTAL EXPENDITURES			$0	$256,631		$0		$256,631		$446,115	
Other Financing Sources and Uses											
Bond Proceeds			$0	$222,680		$0		$222,680		$0	
TOTAL OTHER FINANCING SOURCES AND USE	S		$0	$222,680		$0		$222,680		$0	
											
EXCESS REVENUES (EXPENDITURES)			$0	$377,324		$3,035		$380,359		$155,418	
								
11/19 Interest		
$	51,882.50	
								11/19 Interest		  $	93,975.00	
								Total		$145,858	

Gross Assessment			
			Unit Type			Acres		Per Unit Amount		Total	
			2017-1								
			Residential-Single  Family		108.74		$1,456.70		$158,401.56	
			Condo-Cypress Pointe		26.72		$1,456.70		$38,923.02	
			2017-2								
			Apartment-The  Grove		32.41		$1,602.03		$51,921.79	
			Apartment-Park  Place		17.49		$1,602.03		$28,019.50	
			Apartments-The  Park		13.54		$1,602.03		$21,691.49	
			Commercial			112.61		$1,552.53		$174,830.40	
						311.51				$473,787.77	
					Less Discount/Collection Fees		($28,427.27)	
					Total Net Assessment		$445,360.50	

Page 10

		Turtle Run			
Community Development District	
Series 2017-1 Special Assessment Bonds	
AMORTIZATION  SCHEDULE	
DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	

05/01/18	
$	3,505,000.00	
$	70,000.00	
$	45,078.56	
$	-	
11/01/18	$	3,435,000.00	$	-	$	52,682.50	$	167,761.06	
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	
		$	3,505,000.00	$	1,968,087.31	$	5,473,087.31	

		Turtle Run			
Community Development District	
Series 2017-2 Special Assessment Bonds	
AMORTIZATION  SCHEDULE	
DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	

05/01/18	
$	4,040,000.00	
$	60,000.00	
$	81,552.22	
$	-	
11/01/18	$	3,980,000.00	$	-	$	95,375.00	$	236,927.22	
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	
		$	4,040,000.00	$	3,661,152.22	$	7,701,152.22	

Turtle Run						Capital Projects Funds	
Community Development District	
			Adopted		Actual		Projected		Total		Adopted	
			Budget		Thru		Next		Projected		Budget	
 Description			 	FY 2018			     6/30/2018			     3 Months			     9/30/2018			 	FY 2019		
Revenues												
Interest Income			$500		$4,719		$2,031		$6,750		$500	
Carry Forward Surplus	$657,055		$471,479		$0		$471,479		$479,320	
TOTAL REVENUES		$657,555		$476,198		$2,031		$478,229		$479,820	

Expenditures												
Capital Outlay	-	Repairs and Replacements	$1,249,610		$135,723		$0		$135,723		$0	
TOTAL EXPENDITURES	$1,249,610		$135,723		$0		$135,723		$0	

Other Financing Sources/(Uses)	
Capital Projects Transfer In	$0		$136,814		$0		$136,814		$109,045	
TOTAL OTHER FINANCING SOURCES/(USES)	$0		$136,814		$0		$136,814		$109,045	
										
EXCESS REVENUES	($592,055)		$477,289		$2,031		$479,320		$588,865	

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