Cordoba Ranch Community Development District

Board of Supervisors
Barry Karpay Chairman
Garth Noble, Vice Chairperson Kelly Evans, Assistant Secretary
F. Peter Williams, Assistant Secretary

Andrew P.Mendenhall, District Manager Tracy Robin, District Counsel Tonja Stewart, District Engineer

Regular Meeting Agenda
May 23, 2017-9:30 a.m.

Call to Order/Roll Call
Approval of the Consent Agenda
February 28, 2017 Minutes
Financial Statements
Engagement Letter Arbitrage Services
Report on the Number of Registered Voters (162)
Audience Comments on Agenda Items
Consideration of Resolution 2017-7 Approving the Fiscal Year 2018 Budget and Setting a Public Hearing
Hog Trapping Proposal
Aquagenix Report - May
Littoral Shelf Planting Proposal
Staff Report
District Counsel
District Engineer
District Manager
Supervisor Requests
Adjournment

The next meeting is scheduled for Tuesday, June 27, 2017 at 9:30 a.m. at the Cordoba Ranch Model Center.

District Office:
210 N. University Drive, Suite 702 Coral Springs, FL 33071
954-753-5841

Meeting Location: Cordoba Ranch Model Center 2516 Cordoba Ranch Blvd.
Lutz, FL 33559

Cordoba Ranch Community Development District

Financial Report April 30, 2017

Prepared by

SEVERN

CORDOBA RANCH
Community Development District

Table of Contents

FINANCIAL STATEMENTS	Page#

Balance Sheet - All Funds

Statement of Revenues, Expenditures and Changes in Fund Balance

General Fund Reserve Fund Debt Service Fund
Capital Project Fund

2-3

4

5

6

SUPPORTING SCHEQULES
Non-Ad Valorem Special Assessments - Schedule	7-8
Cash and Investment Report	9
Payment Register	10

Cordoba Ranch Community Development District

Financial Statements

(Unaudited)

April 30, 2017

CORDOBA RANCH
Commun ity Development District	Governmental Funds

Balance Sheet
April 30, 2017

SERIES
SERIES	2006
2006 DEBT		CAPITAL GENERAL	RESERVE	SERVICE	PROJECTS
ACCOUNT DESCRIPTION	FUND	FUND	FUND	FUND	TOTAL

ASSETS

Cash - Checking Account	$    416,867	$	$	$	$	416,867	
Due From Other Funds	115,645	9,264	124,909	
Investments:		
Construct ion Fund	2,223	2,223	
Rese rve Fund	383,760	383,760	
Revenue Fund	571,342	571,342	
Prepaid Items	2,718	2,718	
Deposits	11,540	11,540	

lrnTAL ASSETS	     $    431,125	$    115,645	$     964,366	$	2,223	$ 1,513,359 I	

LIABILITIES		
Accounts Payable	$	12,067	$	$	$	$	12,067	
Accrued Expenses	990	990	
Sales Tax Payable	5	5	
Due To Othe r Funds	124,909	124,909	
hoTAL LIABILITIES	 	137,971	137,971 1	

FUND BALANCES		
Nonspendable:		
Prepaid Items	2,718	2,718	
Deposits	11 ,540	11,540	
Restricted for:		
Debt Service	964,366	964,366	
Capital Projects	2,223	2,223	
Unassigned:	278,896	115,645	394,541	
!TOTAL FUND BALANCES	     $    293,154	$    115,645	$    964,366	$	2,223	$ 1,375,3881	
 	ITOTAL LIABILITIES & FUND BALANCES	$    431,125	$    115,645	$    964,366	$	2,223	$	1,513,3591	

Report Date 5/11/2017

CORDOBA RANCH
Community Development District	General Fund

Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending April  30, 2017

ACCOUN T DESCRIPTION	ANNUAL
ADOPTED BUDGET	
YE AR TO DATE BUDGET	
YE AR TO DATE
ACTUAL	
VARIANCE ($) FAV(UN FAV)	YTD ACTUAL
AS A%OF ADOPTED BUD	

REVENUES						
In terest - Investments	$	$	$	$	0.00%	
,Ir t ere l - Tax Collector			63	63	0.00%	
Special Assmnt s- Tax Collector	353,733	353.733	318,215	(35,518)	89.96%	
Special Assmnts- CDD Collected	134,813	134,813	89,541	(45,272)	66.42%	
Special Assmnts- Discounts	(14,149)	(14,149)	(13,944)	205	98.55%	
Other Miscellaneous Revenues			4,674	4,674	0.00%	
Gate Bar Code/Remotes			488	488	0.00%	
ITOTAL REVENUES	
474 ,397	
474,397	
399,037	
(75,360)	
84.11%1	
EXPENDITURES						

Administration						
P/R-Board of Supervisors			1,000	(1,000)	0.00%	
ProfServ-Adm inistrative	4,500	2,625		2,625	0.00%	
ProfServ-Arbitrage Rebate	500				0.00%	
ProfServ-Dissemination Agent	5,000	5,000		5,000	0.00%	
ProfServ-Engineering	7,500	4,375	5,126	(751)	68.35%	
ProfServ-Financial Advisor	3,600	2,100		2,100	0.00%	
ProfServ-Legal Services	12,000	7,000	3,703	3,297	30.86%	
ProfServ-Mgmt Consulting Serv	20,721	12,082	13,741	(1,659)	66.31%	
ProfServ-Special Assessment	5,000	2,918	2,917		58.34%	
ProfSe rv-Trustee Fees	3,500	3,500	2,424	1,076	69.26%	
Accounting Services	15,500	9,037	9,042	(5)	58.34%	
Auditing Services	3,400				0.00%	
Public Officials Insurance	2,200	2,200	1,85 0	350	84.09%	
Legal Advertising	1,200	700	1,890	(1,190)	157.50%	
Misc-Assessmnt Collection Cost	7,075	7,075	6,760	315	95.55%	
Misc -Web Hosting	840	490	525	(35)	62.50%	
Annual District Filing Fee	 	175	175	200	(25)	114.29%	
Total Administration	 	92,711	59,277	49 ,178	10,099	53.04% 	

Other Public Safety		
Contracts-Security Camera	2,500	1,456	1,490	(34)	59.60%	
Contracts-Security Services	10,000	5,831	5,920	(89)	59.20%	
Communication - Telephone	1,650	1,087	1,087		65.88%	
R&M-Gatehouse	4,8 00	2,800		2,800	0.00%	
Total Other Publi c Safety	 	18,950	11,174	8,497	2,677	44.84% 

Electric Utility Services
Utility  - General	8,700	5,075	4,213	862	48.43%
Electricity - Streetlighting	 	61,200	35,700	35,429	271	57.89% 
Total Electric  Utility Se rvices	 	69,90 0	40,775	39,642	1,133	56.71% 
Rep ort Date: 5/11/2017	2

CORDOBA RANCH
Community  Development  District	General Fund

Statement of Revenues, Expenditures and Changes in Fund Balances
For   the   Period Ending April 30, 2017

ANNUAL	YTDACTUAL
ADOPTED	YEAR TO DATE	YEAR TO DATE	VARIANCE ($)	AS A % OF
 	ACCOUNT DESCRIPTION		 BUDGET	BUDGET	ACTUAL	FAV(UNFAV)	ADOPTED BUD 

Flood Control/St or mwat er Mgmt		
Contracts-Aq uatic Con trol	12,408	7,238	7,238		58.33%	
R&M-Fountain	2,500	1,456	339	1,117	13.56%	
R&M-Mitigation	16,300	9,506	5,950	3,556	36.50%	
R&M Lake & Pond Bank	15,000	8,750	2,040	6,710	13.60%	
lmpr - Aquatic Plan ts	 	5,000	0.00%	
Total Flood Control/Stormwater Mgmt	 	51,208	26,950	15,567	11,383	30.40%	

Field		
ProfServ-Field Management	6,000	3,500		3,500	0.00%	
Contracts-Landscape	109,450	63,840	67,080	(3,240)	61.29%	
Insurance - Property	1,656	1,656	1,434	222	86.59%	
Insurance - General Liability	2,722	2,722	2,058	664	75.61%	
R&M-Entry Feature	4,000	2,331		2,331	0.00%	
R&M-lrri gation	12,000	7,000	7,252	(252)	60.43%	
R&M-Pest Control	2,000	1,162	1,864	(702)	93.20%	
R&M-Plant Replacement	15,000	15,000	12,028	2,972	80.19%	
R&M-Well Maintenance	7,500	4,375		4,375	0.00%	
R&M -Annuals	19,000	11,081	14,018	(2,937)	73.78%	
R&M-Mulch/Annuals	23,100	13,475		13,475	0.00%	
Holiday Lighting & Decorations	2,000	2,000	2,200	(200)	11000%	
Op Supplies - Fertilizer	 	7,800	4,550	4,550	0.00% 
Total Field	 	212,228	132,692	107,g34	24,758	50.86%

      Parks and Recreation - General	

ProfServ-Wildlife Manag ement Service	14,4 00	8,400	8,400		58.33%	
Misc-Contingency	15,000	8,750	14,911	(6,161)	99.41%	
Total Parks and Recreati on - Gener al	 	29,400	17,150	23,311		!6 ,161) 	79.29%

IToTAL EXPENDITURES	474,397	288,018	244,129	43,889	51.46%1

Excess (deficiency) of revenu es
Over (under) expenditures		 		186,379		154,908		(31,471)	0.00% Net change in fund balance	$ 	$	186,379	$	154,908	$	(31,471)	0.00%

FUND BAL ANCE, BEGINNING (OCT 1, 2016)	138,246	138,242	138,24 6	
FUND BALANCE , ENDING	$	138,246	$	324,621	$	293,154	

Report Date: 5/11/2017	3

CORDOBA RANCH
Community Development District	Reserve Fund

Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending April 30, 2017

ANNUAL				YTDACTUAL	
ADOPTED	YEAR TO DATE	YEAR TO DATE	VARIANCE($)	AS A ¾ OF	
ACCOUNT DESCRIPTION	BUDGET	BUDGET	ACTUAL	FAV(UNFAV)	   ADOPTED BUD 	

REVENUES

Interest  - In vestments	$	$	$	$	0.00%

Special Assmnts- Tax Collector		34,263	34,263		33,715		(548)	98.40%	
Special Assmnts- CDD Collected		15,737	15, 737		11,803		(3,934)	75.00%	
lrnTAL REVENUES

EXPENDITURES	 		50,000    		50,000	 		45,518	  	(4,482)	91.04•!.1	
Reserves
Capital Reserve	50,000	0.00%
Total Reserves	 	50,000		0.00% 

IToTAL EXPENDITURES & RESERVES	50,000	0.00°!.I

Excess (deficiency) of revenues
Over (under) expenditures	50,000	45,518	(4,482)	0.00%
Net change in fund balance	$ 	$	50,000	$	45,518      $	(4,482) 	0.00% 

FUND BALANCE, BEGINNING (OCT 1, 2016)	70,127	70,127	70,127	
FUND BALANCE, ENDING	$	70,127	$	120,127	$	115 ,645	

Report Date: 5/11/2017	4

CORDOBA RANCH
Community Development District	Series 2006 Debt Service Fund

Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period End ing April 30, 2017

ANNUAL
ADOPTED
ACCOUNT DESCRIPTION	BUDGET	
YEAR TO DATE BUDGET	
YEAR TO DATE
ACTUAL	
VARIANCE ($)
FAV(UNFAV)	YTD ACTUAL AS A ¾ OF
    ADOPTED BUD 	

REVENUES					
Interest - In vestment s	$	$	$	463	$	463	0.00%	
Special Assmnts- Tax Collector	455,697	455,697	448,442	(7,255)	98.41%	
Special Assmnts- COD Collected	172,182	172,182	129,137	(43,045)	75.00%	
Special Assmnts- Discounts	(18,228)	(18,228)	(17,768 )	460	97.48%	
ITOTAL REVENUES	609,651	609,651	560,274	(49,377)	91.90%1	

EXPENDITURES						

Administr ation						
Misc-Assessmnt Collection Cost	 	9,113	9,113	8,613	500	94.51% 	
Total Administration	 	9,113	9,113	8,613	500	94.51% 	

Debt Service		
Principal Debt Retirement	180,000	90,000	90,000	0.00%	
Interest Expense	 	420,538	210,269	205,766	4,503	48.93%	
Total Debt Service	 	600,538	300,269	205,766	94,503	34.26% 	

IToTAL EXPENDITURES	609,651	309,382	214,379	95,003	35.16%1

E xcess (deficiency) of rev enues
Over (under) expenditures		 		300,269		345,895		45,626	0.00% Net change in fund balance	$ 	$	300,269	$	345,895	$	45,626	0.00% 
FUND BALANCE , BEGINNING (OCT 1, 2016)		618,471		618,471		618,471 FUND BALANCE, ENDING	$ 	618,471	$	918,740	$	964,36	

Report Date: 5/11/ 2017	5

CORDOBA RANCH
Community Development District	Series 2006 Capital Projects Fund

Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending April 30, 2017

ANNUAL				YTDACTUAL	
ADOPTED	YEAR TO DATE	YEAR TO DATE	VARIANCE ($)	AS A%0F	
ACCOUNT DESCRIPTION	BUDGET	BUDGET	ACTUAL	FAV(UNFAV)	ADOPTED BUD	

REVENUES

Interest - Investments
1,-0,-AL. RE\/ENlJE·s	$	$	$	2	$	2	0.00%

2	2	0.00°1.I	
EXPENDITURES		
lroTAL EXPENDITURES	0.00•1,I	
Excess (deficiency) of revenues Over (under) expenditures	
 	2	2	0.00% 	
Net change in fund balance	    $	$	$	2	$	2	0.00% 	

FUND BALANCE, BEGINNING (OCT 1, 2016)	
2,221	
FUND BALANCE, ENDING	$	$	$	2,223	

Report Date: 5/11/2017	6

Cordoba Ranch Community Development District

Supporting Schedules April 30, 2017

CORDOBA RANCH
Community Development District	All Funds

Non-Ad Valorem Special Assessments - Hillbborough Tax Collector (Monthly Collection Distributions)
For the Fiscal Year Ending September 30, 2017

	ALLOCATION BY FUND	
Date Received	Net Amount Received	Discount/ (Penalties)
Amount	Collection Cost	
Amount Gross	
General Fund	
Reserve Fund	Series 2006 Debt Service	
			(1)	(2)		
Assessments Levied FY 2017		$	813,321	$	323,361	$	34,263	$	455,697	
Allocation%		100%	44%		56%	

11/03/16	$	1,866	$	106	$	38	
$	2,010	
$	884		
$	1,126	
11/15/17	26,256	1,116	536	27,908	12,271		15,637	
11/23/17	18,754	797	383	19,934	8,765		11,169	
12/07/16	221,300	9,409	4,516	235,225	103,430		131,795	
12/15/16	465,144	19,735	9,493	494,372	217,379		276,993	
01/06/17	12,309	388	251	12,949	5,694	-	7,255	
02/06/17	7,658	159	156	7,974	3,506		4,468	
3/31/17 (2)	-	-	-	-	(33,715)	33,715	-	
TOTAL	$	706,411	$	29,692	$	14,417	$	800,372	$	318,215	$	33,715	$	448,442	
% COLLECTED	98.4%	98.4%	98.4%	98.4%
I TOTAL OUTSTANDING	12,949 I $	5,145 I$	5481 $	7,2551
Note (1) - variance to budget due to portion of direct bill put on tax roll. Note (2) - Portion of reverse fund adjusted from general fund

Report Date 5/9/2017	7

CORDOBA RANCH
Community Development District	All Funds

Non-Ad Valorem Special Assessments - CDD Collected (Monthly Collection Distributions)
For the Fiscal Year Ending September 30, 2017

Date

Received	Net Amount

Received	Discount/
(Penalties) Amount	Collection

Cost	Amount

Gross	) 1 1 f'lhATION BY FUND	
					General Fund	Reserve	Debt Service Series 2006	
			(1)			
Assessments Levied FY 2017		$	307,308	$	119,389	15,737	$	172,182	
Allocation%		100%	44%	0%	56%	

11/21/16	
$	67,563			
$	67,563	
$	67,563	$	-	$	-	
11/29/16	86,091			86,091	-	-	86,091	
02/08/17	43,046			43,046	-	-	43,046	
02/08/17	33,781			33,781	33,781	-	-	
3/31/17 (2)	-			-	(11,803)	11,803	-	
TOTAL	$	230,481	$	-	$	-	$	230,481	$	89,541	$	11,803	$	129,137	
% COLLECTED	75.0%	75.0%	75.0%	750%
I TOTAL OUTSTANDING	76,827 I $	29,848 I $	3,934 I$	43,0451
Note (1) - variance to budget due to portion of direct bill put on tax roll. Note (2) - Portion of reverse fund adjusted from general fund .

Report Date: 5/9/2017	8

CORDOBA RANCH
Community Development District

Cash & Investment Report April 30, 2017

ACCOUNT NAME	 	BANK NAME		YIELD	 BALANCE	 OPERATING FUND
Checking General fund	Jefferson Bank	N/A	$	416,867	
		Subtotal 	416,867	

DEBT SERVICE AND CAPITAL PROJECT FUNDS			
Series 2006 Reserve Account	US Bank	0.05%	$	383,760	
Series 2006 Revenue Account	US Bank	0.05%	$	571,342	
Series 2006 Construction Account	US Bank	0.05%	$	2,223	

Subtotal 	957,325

Total  $	1,374,192 

Report Date: 5/10/2017	9

CORDOBA RANCH COMMUNITY DEVELOPMENT DISTRICT
Payment Register by Bank Account For the Period from 4101/2017 to 4/30/2017 (Sorted by Check/ ACH No.)

Pymt Type

Check/ ACH No.

Date	Payee Type

Payee	Invoice No.	Payment Description	Invoice I GL Description	Gil Account #	Amount
Paid

JEFFERSON BANK· GF • (ACCT# XXXXX9280)

Check	2106	04103/17	Vendor	SEVERN TR:cN, ENVIRONMENTAL SERVICES	18449	MARCH MGMT FEE	ProfServ-Mgmt Consultirg Serv	001-531027-51301	$1,958.33	
Check	2106	04103/17	Vendor	SEVERN TREN' ENVIRONMENTAL SERVICES	18449	MARCH MGMT FEE	Misc-Contingency	001-549900-57201	$65.50	
Check	2106	04103117	Vendor	SEVERN TREW ENVIRONMENTAL SERVICES	18449	MARCH MGMT FEE	Postage and Freight	001-541006-51301	S10.21	
Check	2106	04103/17	Vendor	SEVERN TRENT ENVIRONMENTAL SERVICES	18449	MARCH MGMT FEE	Accounting Services	001-532001-51301	S1,291.67	
Check	2106	04103/17	Vendor	SEVERN TRENT ENVIRONMENTAL SERVICES	18449	M.ARCH MGMT FEE	ProfServ-Specia! Assessment	001-531038-51301	S416.67	
Check	2107	04103/17	Vendor	STRALEY ROBIN VERICKER	14217	THRU 3/15/17GEN COUNSEL	ProfServ-Legal Services	001-531023-51401	$726.00	
Check	2108	04106117	Vendor	TAMPA ELECTRIC	32417	2118-3/20 ELECTRIC SVC	Electricity - Streetlighting	001-543013-53 ':OD	S5.879.43	
Check	21D9	04106/17	Vendor	AQUAGEN!X	1298091	APRIL AQUATICS SVC	Contracts-Aquatic Con!rol	001-534067-53801	$1,034.00	
Check	2110	04106/17	Vendor	VII/ICON, INC	16893	APRIL GROUNDS MAINT	Contracts-Landscape	001-534050-53901	$9,582.84	
Check	2111	04107/17	Vendor	FEDEX	5-751-43628	3120117 POSTAGE	Postage and Freight	001-541006-51301	$78.90	
Check	2112	04113/17	Vendor	AQUAGENiX	1296124	MARCH AQUATICS SVC	Contracts-Aquatic Con!rol	001-534067-53801	S1.034.00	
Check	2113	04113/17	Vendor	VIVICON, INC	16908	FERTILIZE ORNAMENTALS 414117	R&M-lrrigation	001-546041-53901	$490.00	
Check	2113	04113117	Vendor	VII/ICON, INC	16913	TREAT PALMS WIOTC	R&M-Plar,t Replacement	001-546071-53901	$275.00	
Check	211'	04113/17	Vendor	STANTEC CONSULTING SERVICES	1178101	THRU 3117117 ENGINEER SVC	ProfServ-Engineering	001-531013-51501	$714.00	
Check	2115	04113/17	Vendor	FEOEX	5-759-29583	SERVICES THRU 3124117	Postage and Freight	001-541006-51301	$17.74	
Check	2116	04113/17	Vendor	ENVERA SYSTEMS	658915	411-4130 GATE ACCESS	Contracts-Security Services	001-534037-52901	$1,223.00	
Check	2117	04113/17	Vendor	POPE'S WATER SYSTEMS, INC	56203	REPR IRRIGATION WELL	R&M-lrrigation	001-546041-53901	$550.00	
Check	2118	04120/17	Vendor	FEOEX	5-766-74395	414117 POSTAGE	Postage and Freight	001-541086-51301	$15.29	
Check	2119	04120117	Vendor	CORDOBA RANCH C/O US BANK	041317	TRFR ASSESSMENT RECPT 2015-16	Due From Other Funds	1310D0	$64,336 61	
Check	2120	04/25117	Vendor	AQUAGENiX	1294828	REPR CUT WIRES in fourtain	R&M-Fountain	001-546032-53801	$99.00	
Check	2121	04125/17	Vendor	JERRY RICHARDSON	43117	APRIL HOG REMOVAL SVC	ProfServ-Wi life Management Service	001-531074-53901	$1,200.00	
Check	2122	04125/17	Vendor	VIVICON, INC	16923	REPR IRRIGATION	R&M-lrrigation	001-546041-53901	$103.46	
Check	2122	04125/17	Vendor	VII/ICON, INC	16676	TREAT PALMS WIOTC	R&M-Plact Replacement	001-546071-53901	S275.00	
Check	2123	04125117	Vendor	ARMSTRONG ENVIRONMENTAL SVC	11777	MARCH WETLAND/MITIGATION MAINT	R&M-Mit ation	001-5461Q0-53801	$850.00	
Check	212L	04125117	Vendor	IRRIGATION TECHNICAL S:'RVICES, INC	22285	REPR IRRIGATION	R&M-!rrigation	001-546041-53901	$3,759.89	
Check	2125	04128/17	Vendor	ENVERA SYSTEMS	660011	5/1/17-5/31117 GATE ACCESS	Contracts-Security Services	001-534037-52901	$1,238.00	

Accoun!Total	S97,224.54

!Total Amount Paid	I	S97,224.541

Total Amount Paid• Breakdown by Fund
Fund		Amount	
General Fund Fund - 001
Series 2006 Debt Service Furd Fund - 201		32,387.93
64,336.61	
	Total	97,224.54	

10

..  •crP'"" ..,,,

\	Tax SoE	tions Inc.
Sp t: cir.1 fl2ing  fn Tax ,, Exernpt Bond Servict} S

LLS Tax Solutions
2172 W. Nine Mile Rd. #352
Pensacola, FL 32534
Telephone: 850-754-0311
Email: .lis cott(i!Wstax.corn

March 2, 2017

Cordoba Ranch Community Development District c/o Rizzetta & Company, Inc.
12750 Citrus Park Lane, Suite 115
Tampa, Florida 33625

Thank you for choosing LLS Tax Solutions Tnc. ("LLS Tax") to provide arbitrage services to Cordoba Ranch Community Development District ("Client") for the following bond issues. This Engagement Letter describes the scope of the LLS Tax services, the respective responsibilities of LLS Tax and Client relating to this engagement and the fees LLS Tax expects to charge.

Cordoba Ranch Community Development District (Hillsborough County, Florida)
$10,220,000 Special Assessment Revenue Bonds, Series 2006

SCOPE OF SERVICES

The procedures that we will perform are as follows:

Assist in calculation of the bond yield, unless previously computed and provided to us.

Assist in determination of the amount, if any, of required rebate to the federal government.

Issuance of a report presenting the cumulative results since the issue date of the issue of bonds.

Preparation of necessary reports and Internal Revenue Service ("IRS") forms to accompany any required payment to the federal government.

As a part of our engagement, we will read certain documents associated with each issue of bonds for which services are being rendered. We will determine gross proceeds of each issue of bonds based on the information provided in such bond documents. You will have sole responsibility for determining any other amounts not discussed in those documents that may constitute gross proceeds of each series of bonds for the purposes of the arbitrage requirements.

TAX POSITIONS AND REPORTABLE TRANSACTIONS

Because the tax law is not always clear, we will use our professional judgment in resolving questions affecting the arbitrage calculations. Unless you instruct us otherwise, we will take the reporting position most favorable to you whenever reasonable. Any of your bond issues may be selected for review by the IRS, which may not agree with our positions. Any proposed adjustments are subject to certain rights of appeal. Because of the lack of clarity in the law, we cannot provide assurances that

the positions asserted by the IRS may not ultimately  be sustained, which could result in the assessment of potential penalties. You have the ultimate responsibility for your compliance with the arbitrage laws; therefore, you should review the calculations carefully.

The IRS and some states have promulgated "tax shelter" rules that require taxpayers to disclose their participation in "reportable transactions" by attaching a disclosure form to their federal and/or state income tax returns and, when necessary, by filing a copy with the Internal Revenue Service and/or the applicable state agency. These rules impose significant  requirements  to  disclose transactions  and such disclosures may encompass many transactions entered into in the normal course of business.
Failure to make such disclosures will result in substantial penalties. In addition, an excise tax is imposed on exempt organizations (including state and  local  governments)  that are a party to prohibited tax shelter transactions (which are defined using the reportable transaction rules). Client is responsible for ensuring that it has properly disclosed all "reportable transactions" and, where applicable, complied with the excise tax provision. The LLS Tax services that are the subject of this Engagement Letter do not include any undertaking by LLS Tax to identify any reportable transactions that have not been the subject of a prior consultation between LLS Tax and Client. Such services, if desired by Client, will be the subject of a separate  engagement  letter. LLS Tax may also be required to report to the IRS or certain state tax authorities  certain tax  services or transactions  as well as Client's participation therein. The determination  of whether, when and to what extent LLS Tax complies with its federal or state "tax shelter" reporting requirements will  be made  exclusively  by LLS Tax. LLS Tax will not be liable for any penalties  resulting  from Client's  failure to  accurately and timely file any required disclosure or pay any related excise tax nor wilJ LLS Tax be held responsible for any consequences  of its own compliance  with its reporting obligations. Please note that any disclosure required by or made pursuant to the tax shelter rules is separate and distinct from any other disclosure that Client might be required to or choose to make with its tax returns (e.g., disclosure on federal Form 8275 or similar state disclosure).

PROFESSIONAL FEES AND EXPENSES

Our professional fees for services listed above for the three annual bond years ended June 30, 2017, June 30, 2018, and June 30, 2019 is $1,500, which is $500 each year. We will bill you upon completion of our services or on a monthly basis. Our invoices are payable upon receipt.
Additionally, you may request additional consulting services from us upon occasion; we will bill you for these consulting services at a beforehand agreed upon rate.

Unanticipated factors that could increase our fees beyond the estimate given above include the folJowing (without limitation). Should any of these factors arise we will alert you before additional fees are incun-ed.

Investment data provided by you is not in good order or is unusually voluminous.

Proceeds of bonds have been commingled with amounts not considered gross proceeds of the bonds (if that circumstance has not previously been communicated to us).

A review or other inquiry by the IRS with respect to an issue of bonds.

The Client (District) has the option to terminate this Agreement within ninety days of providing notice to LLS Tax Solutions Inc. of its intent.

ACCEPTANCE
You understand that the arbitrage services, report and IRS forms described above are solely to assist you in meeting your requirements for federal income tax compliance purposes. This Engagement Letter constitutes the entire agreement between Client and LLS Tax with respect to this engagement, supersedes all other oral and written representations, understandings or agreements relating to this engagement, and may not be amended except by the mutual written agreement of the Client and LLS Tax.

Please indicate your acceptance of this agreement by signing in the space provided below and returning a copy of this Engagement Letter to us. Thank you again for this opportunity to work with you.

Very truly yours,
LLS Tax Solutions Inc.

AGREED AND ACCEPTED:
Cordoba Ranch Community Development District

By:  L	L. Scoft
Linda L. Scott, CPA

By:		/ 
Print Na e 		/	/(atf11
Title Cfr.tll
Date:	S- 2.'3·( 7

_.  _,>'	)	,	Craig Latimer

"'

w , g k Supervisor of Elections
OurViston: To be the best place ln America to vote

GOVERNOR'S STERLING AWARD RECIPIENT

April 20, 2017

Sandra H, Demarco
Severn Trent Management Services
210 N University Drive, Suite 702
Coral Springs 33071

Dear Sandra H. Demarco,

As per F.S. 190.006, you'll find the number of qualified registered electors for your Community Development District as of April 15, 2017, listed below.

Community Development District	Number of Registered Electors	
Cordoba Ranch	162	

We ask that you respond to our office with a current list of COD office holders by June 1, 2017, and that you update us throughout the year if there are changes. This will enable  us  to provide accurate information to potential candidates during filing and qualifying periods.

Please note it is the responsibility of each district to keep our office updated with current district information. If you have any questions, please do not hesitate to contact me at (813) 384-3944 or tca1npbe1l@htsoe.org.

Respectfully,
Uc	Cbxvipt,uz
Chelsea Campbell Candidate Services Liaison

VoteHillsborough,org  •  (813) 744-5900
County Center, 601 E, Kennedy Blvd,, 16th Floor, Tampa, FL 33602 • Elect.ions Service Center, 2514 i,_ Falkenburg Rd., Tampa, FL 33619
(See website for regionoi office iocotions,}

CORDOBA RANCH
Community  Development District

Annual Operating and Debt Service Budget
Fiscal Year 2018

Version 1 - Proposed Budget :
(Printed on 5/1512017)

Prepared by:

SEVERN

CORDOBA RANCH
Community Development District

Table of Contents

Page#

OPERATING BUDGET

General Fund

Summary of Revenues, Expenditures and Changes in Fund Balances .. ... . . ... ...

Exhibit A-Allocation of Fund Balances. Budget Narrative

1-2

3
4-7

DEBT SERVICE BUDGETS

Series 2006
Summary  of Revenues, Expenditures and Changes in Fund Balances.	8
Amortization Schedule..	9
Budget Narrative	10
SUPPORTING BUDGET SCHEDULES
2017-2018 Non-Ad Valorem Assessment Summary ... ..... ........ . ... .	11

Cordoba Ranch
Community  Development District

Operating Budget
Fiscal Year 2018

CORDOBA RANCH
Community Development District	General Fund Fund

Summary of Revenues, Expenditures and Changes in Fund Balances
Fiscal Year 2018 Proposed Budget

ORIGINAL       ACTUAL	PROJECTED		TOTAL	ANNUAL ACTUAL	BUDGET	THRU		MAY-	PROJECTED BUDGET

Interest - Investments
Interest - Tax Collector	$	374	$	$	.
63	$	$
63	$	
Special Assmnts- Tax Collector	341,575	320,742	351,930	5,694	357,624	357,623	
Special Assrnnts- CDD Collected	128,587	150,550	101,344	33,782	135,126	135,125	
Special Assmnts- Discounts			(13,944)		(13,944)	(14,305)	
Other Miscellaneous Revenues	561		4,674		4,674		

ACCOUNT DESCRIPTION	FY 2016	FY 2017	APR-17	SEP-2017	FY 2017	FY 2018 REVENUES

Gate Bar Code/Remotes	488	488
TOTAL REVENUES	471,097	471,292	444,555	39,476	484,031	478,444 I
EXPENDITURES
Administrative

P/R-Board of Supervisors
ProfServ-Administrative	
4,500	
4,500	1,000	1,000	2,000	2,400	
ProfServ-Arbitrage Rebate	2,300	500		500	500	500	
ProfServ-DisseminationAgent	5,000	5,000		5,000	5,000	5,000	
ProfServ-Engineering	8,488	7,500	5,126	2,374	7,500	7,500	
ProfServ-Financial Adviso r	8,600	3,600		3,600	3,600		
ProfServ-Legal Services	10,244	12,000	3,703	8,297	12,000	8,000	
ProfServ-Mgmt Consulting Serv	20,72 1	20,721	13,741	9,759	23,500	45,320	
ProfServ-Special Assessment	5,000	5,000	2,917	2,083	5,000		
ProfServ-T rustee Fees	3,203	3,500	2,424		2,424	3,500	
Accounting Services	11,500	15,500	9,042	6,458	15,500		
Auditin g Services	3,300	3,400		3,400	3,400	3,423	
Postage and Freight						250	
Public Officials Insurance	1,850	2,200	1,850		1,850	2,035	
Printing and Binding						100	
Legal Advertising	976	1,200	1,890		1,890	3,500	
Misc-As sessmntCollection Cost			6,760	315	7,075	7,152	
Misc-Web Hosting	770	840	525	375	900	900	
Annual District Filing Fee	175	175	200		200	175	
Total  Administrative	 	86,627	85,636	49,178	43,161	92,339	89,755	

Other Public Safety

Contracts- Security Camera	1,375	2,500	1,490	1,000	2,490	2,500	
Contracts-Se curity Services	16,879	10,000	5,920	4,080	10,000	10,000	
Communic ation-Telephone	1,600	1,650	1,087	533	1,620	1,650	
R&M-Gate	 	335	4,800	4,800	4,800	4,800	
Total  Other Public Safety	 	20,189	18,950	8,497	10,413	18,910	18,950	

Electric Utility Services
Utility - General	7,820	8,700	4,213	3,009	7,222	8,700
Electricity - Streetlighting	 	58,538	61,200	35,429	25,771	61,200	61,200	
Total  Electric Utility  Services	 	66,358	69,900	39,642	28,780	68,422	69,900	

Annual Operating and Debt Service Budget
Fiscal Year 2018

CORDOBA RANCH
Community Development District	General Fund Fund

Summary of Revenues, Expenditures and Changes in Fund Balances
Fiscal Yea r 2018 Proposed Budget

ORIGINAL        ACTUAL	PROJEC TED		TOTAL	ANNUAL ACTUAL	BUDGET	THRU		MAY-	PROJECTED    BUDGET
ACCOUNT DESCRIPTION	FY 2016	FY 2017	APR-17	SEP-2017	FY 2017	FY 2018

Flood ControVStormwater Mgmt

Contracts-Aqua tic Con trol	13,968	12,408	7,238	5,170	12,408	12,408	
R&M-Fountain	960	2,500	339	2,161	2,500	2,500	
R&M-M itigation	15,455	16,300	5,950	10,350	16,300	16,300	
R&M Lake & Pond	9,750	15,000	2,040	12,960	15,000	15,000	
lmpr - Aquatic Plants	 	840	5,000	5,000	5,000	5,000	
Total Flood Control/Stormwater   Mgmt 	40,973	51,208	15,567	35,641	51,208	51,208	

Field

ProfServ-Field Management	4,000	6,000		
Contra cts-Landscape	113,051	109,450	67,080	47,914	114,994	114,994	
Insurance - Property	1,434	1,656	1,434		1,434	1,577	
Insurance - General Liatlility	2,250	2,722	2,058		2,058	2,264	
R&M-Entry Feature		4,000		4,000	4,000	4,000	
R&M-lr rigation	2,566	12,000	7,252	5,180	12,432	12,000	
R&M-Pe st Control		2,000	1,864	1,331	3,195	3,200	
R&M-Plant Replacement	20,722	15,000	12,028	7,972	20,000	15,000	
R&M-Well Maintenance		7,500		7,500	7,500	7,500	
R&M-Annuals		19,000	14,018	4,982	19,000	19,000	
R&M-Mulch		23,100		23,100	23,100	23,100	
Holiday Lighting & Decorations		2,000	2,200		2,200	2,200	
Op Supplies - Fertilizer	 	7,800	7,800	7,800	7,800	
Total Fie ld	 	144,023	212,228	107,934	109,780	217,714	212,635	

Parks and Recreation - General
ProfServ-Wildlife Management Service	14,695	14,400	8,400	6,000	14,400	16,800
Misc-Contingency	 	4,365	15,000	14,911	14,911	14,995	
Total Parks  and Recreation - General 	19,060	29,400	23,311	6,000	29,311	31,795	

Reserves

Capital Re serves	50,000	50,000	
Total Reserves	 	50,000	50,000		

TOTAL EXPENDITURES & RESERVES	377,230	517,322	244,129	233,775	477,904	524,2441

Excess (deficiency) of revenues
Over (under) expenditures	 	93,867	(46,030)	200,426	(194,29 9)	6,127	(45,800)	

	OTHER FINANCING SOURCES (USES)		
	Contribution to (Use of) Fund Balance	(46,030)	(45,800)	
I	TOTAL OTHER SOURCES (USES)	(46,030)	(45,800)1	
Net change in fund balance	 	93,867	(46,030)	200,426	(194,299)	6,127	(45,800)		
FUND BALANCE, BEGINNING	115.632	209,499	209,499	
209,499	215,626	

FUND BALANCE, ENDING	$  209,499     $  163 ,46_9   _   $   409,925     $ !194,299)    $  215,626	$  169,826

Annual Operating and Debt Service Budget
Fiscal Year 2018	2

CORDOBA RANCH
Community Development District

Exhibit "A"
Allocation of Fund Balances

AVAILABLE FUNDS

Beginning Fund Balance - Fiscal Year 2018

Net Change in Fund Balance - Fiscal Year 2018

Amount
$	215,626

(45,800)

Reserves - Fiscal Year 2018 Additions	50,000
ITotal Funds Available (Estimated) - 9/30/2018	219,826 I

ALLOCATION OF AVAILABLE FUNDS

Operating Reserve - First Quarter Operating Capital		49,699	
Reserve Previous years		70,127	
Capital Reserve FY 2017		50,000	
Capital Reserve FY 2018		50,000	
	Subtotal	219,826	

Assigned Fund Balance

(1)

Total  Unassigned (undesignated) Cash	$	0

Notes
Represents approximately 2 month of operating expenditures

Annual Operating and Debt Service Budget
Fiscal Year 2018	3

CORDOBA RANCH
Community Development District	General Fund

Budget Narrative
Fiscal Year 2018

IREVENUES

Interest-Investments
The District earns interest on the monthly average collected balance for their operating account.

Special Assessments-Tax Collector
The District will levy a Non-Ad Valorem assessment  on all the  assessable  property  within  the District in order to pay  for the operating expenditures during the Fiscal Year.

Special Assessments-Discounts
Per Section 197.162, Florida  Statutes,  discounts  are allowed  for early  payment of assessments.  The budgeted  amount for the fiscal year is calculated at 4% of the anticipated Non-Ad Valorem assessments.

Other Miscellaneous Revenue
The District receives other miscellaneous revenue.

Gate Bar Code/Remotes
The District receives amounts for gate bar codes and gate remotes that operate the gates of the District.

Administrative

P/R-Board of Supervisors
Chapter 190 of the Florida Statutes allows for members  of the Board of Supervisors  to be compensated  $200 per meeting at which they are in attendance. The amount for the Fiscal Year is based  upon  all supervisors  attending  all  of the meetings.

Professional Services - Arbitrage Rebate Calculation
The District has a proposal with a company who specializes to calculate the District's Arbitrage Rebate  Liability  on the Series of Benefit Special Assessment Bonds.  The budgeted  amount for the fiscal year is based on standard fees charged for this service.

Professional Services - Dissemination Agent
The District is required by the Securities and Exchange Commission to comply with Rule 15c2-12(b)-(5), which relates to additional reporting requirements for unrelated bond issues. The budgeted amount for  the  fiscal  year  is  based  on standard fees charged for this service.

Professional Services-Engineering
The District's engineer provides general engineering services to the District, i.e. attendance and preparation for monthly board meetings when requested, review of invoices, and other specifically requested assignments.

Professional Services-Legal Services
The District's Attorney provides general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research as directed or requested by the Board of Supervisors and the District Manager.

Annual Operating and Debt Service Budgets Fiscal Year 2018
4

CORDOBA RANCH
Community Development District	General Fund

Budget Narrative
Fiscal Year 2018

I EXPENDITURES

Administrative (continued)

Professional Services-Management Consulting Services
The District receives Management, Field Services, Accounting, Assessment and Administrative services as part of a Management Agreement with Severn Trent Environmental Services, Inc. Also included are  costs  for  Information Technology charges to process all of the District's financial activities, ie. accounts payable, financial statements, budgets, etc., on a main frame computer owned by Severn Trent in accordance with the management contract and the charge for rentals. The budgeted amount for the fiscal year is based on the  contracted  fees  for  management  services  versus Rizzetta who included Administrative, Financial Advisor and Accounting services fees

Professional Services-Special Assessment
This is the Administrative fee to prepare the District's special assessment roll.

Professional Services - Trustee Fees
The District issued this Series of 2013 Capital Improvement  Revenue  Bonds  that  are deposited  with a Trustee to handle all trustee matters. The annual trustee fee is based on standard fees charged plus any out-of-pocket expenses.

Auditing Services
The District is required to conduct an annual audit of its financial records by an Independent Certified Public  Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from an existing engagement letter.

Postage and Freight
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.

Public Official Insurance
The District's Public Officials Liability Insurance policy is with Florida Insurance Alliance Inc. They specialize in providing insurance coverage to governmental agencies. The budgeted amount allows for a projected increase in the premium.

Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.

Legal Advertising
The District is required to advertise various notices for monthly  Board meetings  and other public  hearings in a newspaper of general circulation.

Miscellaneous-Assessment Collection Costs
The District reimburses the Pasco County Tax Collector for her or his necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies,  data processing, computer equipment, postage,  and programming.  The District also compensates  the Tax  Collector  for the actual cost of collection or 2% on the amount  of special  assessments  collected  and remitted,  whichever  is greater. The fiscal year budget for collection costs is based on a maximum of 2% of the anticipated Non-Ad Valorem assessment collections.

Miscellaneous-Web Hosting
The District is mandated to post on the internet the approved and adopted budgets, minutes and audits per State requirements.

Annual Operating and Debt Service Budgets Fiscal Year 2018
5

CORDOBA RANCH
Community Development District	General Fund

Budget Narrative
Fiscal Year 2018

[EXPENDITURES.

Administrative (continued)

Annual District Filing Fee
The District is required to pay an annual fee of $175 to the Department of Community Affairs.

Other Public Safety

Contracts- Security Camera
The District has a contract with Envera Systems Inc. for monitoring the security cameras and maintenance.

Contracts- Security Service
The District has a contract with Envera Systems Inc. for monitoring the security access  and  additional  patrol  by  the Sheriffs Office on an as needed basis.

Communication-Telephone
This is for the gate telephone usage by the District with Fronteir.

R&M-Gate
This includes the repairs and maintenance of the Districts Gate.
Electric Utility Services Electricity-General
This is for the electric utility services for the irrigation timers, lift station pumps, fountains, etc.

Electricity-Streetlighting
This is for the electric for the streetlights.
Flood Control/ Stormwater Management Contracts-Aquatic Control
The District has a contract for the monthly care and maintenance of the lakes and ponds with Aquagenix for $1,034 per month.

R&M-Fountain
This is for the repairs and maintenance of the fountains throughout the Parks and Recreational areas.

R&M-Mitigation
This is for monitoring the water level and vegetation of the lakes and wetland of the District.

R&M-Lake & Pond
This is for any maintenance required for the lakes and Ponds of the District.

lmpr - Aquatic Plants
This is for any improvement required for the aquatic plants of the District.

Annual Operating and Debt Service Budgets Fiscal Year 2018
6

CORDOBA RANCH
Community Development District	General Fund

Budget Narrative
Fiscal Year 2018

l   E_X_P_E_N_D_I T_U  RES

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _

, _        ,,,,,,         ,,,_ _     	

Contracts-Landscape
The District currently has a contract with Vivicon for landscaping  that includes  general  mowing,  edging  and  maintenance with a monthly fee $9,582.84.

Insurance - Property
This is for the property insurance for the items owned by the District.

Insurance - General Liability
This is for the general liability insurance for the items owned by the District.

R&M-Entry Feature
This is for the repairs and maintenance of the entry monuments and fencing .

R&M-lrrigation
This is for the repairs and maintenance of the irrigation system of the District.

R&M-Pest Control
This is for pest control and ant treatments in the District.

R&M-Plant Replacement
This is for the landscape replacement including turf, trees, shrubs, etc. around the District.

R&M-Annuals
This is for the installation of the annual flowers around the District.

Holiday Lighting & Decorations
This is for the decorations that will be displayed around the District during the Holidays.

Op Supplies - Fertilizer
This includes fertilizer and miscellaneous supplies needed for the District.

ProfServ-Wildlife Management Service
Hog removal services by Jerry Richardson for $1,400 per month.

Miscellaneous-Contingency
This is for any miscellaneous fees or services that may arise around the District.

Reserves

Capital Reserves
This is capital reserves for any expenses that may arise around the District.

Annual Operating and Debt Service Budgets Fiscal Year 2018
7

Cordoba Ranch
Community  Development District

Debt Service Budgets
Fiscal Year 2018

CORDOBA RANCH
Community Development District	Series 2006 Debt Service Fund

Summary of Revenues, Expenditures and Changes in Fund Balances

ACCOUNT DESCRIPTION	
ACTUAL
FY 2016	ADOPTED
BUDGET FY 2017	 	ACTUAL	PROJECTED	TOTAL	
THRU		MAY-	PROJECTED Apr-17	SEP-2017		FY 2017	ANNUAL
BUDGET FY 2018	

REVENUES					
Interest . Investments	$	352	$	.	$	350	$	$	350	$	350	
Special Assmnts- Tax Collector	428,355	455,697	448,442	7,255	455,697	455,697	
Special Assmnts- CDD Collected	172,182	172,182	129,137	43,045	172,182	172,182	
Special Assmnts- Discounts		(18,228)	(17,768)		(17,768)	(18,228)	

Fiscal Year 2018 Proposed Budget

TOTAL REVENUES	600,889	609,651	560,161	50,300	610,461	610,001 EXPENDITURES

Administrative
Misc-Assessmnt Collection Cost	9,113	8,613	145	8,758	18 ,228
Total Administrative	 	9,113	8,613	145	8,758	18,228	

Debt Service
Principal Debt Retirement	180,000	180,000	190,000	190,000	205,000
Interest Expense	 	421,523	420,538	205,766	205,766	411,532	400,988	
Total  Debt  Service	 	601,523	600,538	205,766	395,766	601,532	605,988	
TOTAL EXPENDITURES	601,523	609,651	214,379	395,911	610,290	624,2151

	Excess (deficiency) of revenues		
	Over (under) expenditures	 	(634)	345,782	(345,611)	171	(14,214)		
	OTHER FINANCING SOURCES (USES)		
	Contribution to (Use of) Fund Balance	(14,214)	
I	TOTAL OTHER SOURCES (USES)	(14,214)1	
	Net change in fund balance	 	(634)	345,782	(345 ,611)	171	(14,214)		
	FUND BALANCE, BEGINNING	618,471	618,471	618.471	618,642	
	FUND BALANCE, ENDING	    $	618,471	$	618,471	$	964,253    $    (345,611)   $    618,642	$	604,428		

Annual Operating and Debt Service Budget
Fiscal Year 2018	8

CORDOBA RANCH
Community Development District	Series 2006 Debt SetVice Fund

 	AMORTIZATION SCHEDULE	
Capital Improvement  Revenue Bonds

Date	
Outstanding Balance	

Principal	

Coupon	

Interest	
Debt Service	Annual
Debt Service	
							
5/1/2018	$7,225,000	$205,000	5.55%	$200,494	$405,494	$611,260	
11/1/2018	$7,020,000		5.55%	$200,494	$200,494		
5/1/2019	$7,020,000	$215,000	5.55%	$194,805	$409,805	$610,299	
11/1/2019	$6,805,000		5.55%	$194,805	$194,805		
5/1/2020	$6,805,000	$225,000	5.55%	$188,839	$413,839	$608,644	
11/1/2020	$6,580,000		5.55%	$188,839	$188,839		
5/1/2021	$6,580,000	$240,000	5.55%	$182,595	$422,595	$611,434	
11/1/2021	$6,340,000		5.55%	$182,595	$182,595		
5/1/2022	$6,340,000	$255,0DD	5.55%	$175,935	$430,935	$613,530	
11/1/2022	$6,085,000		5.55%	$175,935	$175,935		
5/1/2023	$6,085,000	$265,000	5.55%	$168,859	$433,859	$609,794	
11/1/2023	$5,820,000		5.55%	$168,859	$168,859		
5/1/2024	$5,820,000	$285,000	5.55%	$161,505	$446,505	$615,364	
11/1/2024	$5,535,000		5.55%	$161,505	$161,505		
5/1/2025	$5,535,000	$300,00D	5.55%	$153,596	$453,596	$615,101	
11/1/2025	$5,235,000		5.55%	$153,596	$153,596		
5/1/2026	$5,235,000	$315,000	5.55%	$145,271	$460,271	$613,868	
11/1/2026	$4,920,000		5.55%	$145,271	$145,271		
5/1/2027	$4,920,000	$335,000	5.55%	$136,530	$471,530	$616,801	
11/1/2027	$4,585,000		5.55%	$136,530	$136,530		
5/1/2028	$4,585,000	$355,000	5.55%	$127,234	$482,234	$618,764	
11/1/2028	$4,230,000		5.55%	$127,234	$127,234		
5/1/2029	$4,230,000	$375,000	5.55%	$117,383	$492,383	$619,616	
11/1/2029	$3,855,000		5.55%	$117,383	$117,383		
5/1/2030	$3,855,000	$395,000	5.55%	$106,976	$501,976	$619,359	
11/1/2030	$3,460,000		5.55%	$106,976	$106,976		
5/1/2031	$3,460,000	$415,000	5.55%	$96,015	$511,015	$617,991	
11/1/2031	$3,045,000		5.55%	$96,015	$96,015		
5/1/2032	$3,045,000	$440,000	5.55%	$84,499	$524,499	$620,514	
11/1/2032	$2,605,000		5.55%	$84,499	$84,499		
5/1/2033	$2,605,000	$465,000	5.55%	$72,289	$537,289	$621,788	
11/1/2033	$2,140,000		5.55%	$72,289	$72,289		
5/1/2034	$2,140,000	$490,000	5.55%	$59,385	$549,385	$621,674	
11/1/2034	$1,650,000		5.55%	$59,385	$59,385		
5/1/2035	$1,650,000	$520,000	5.55%	$45,788	$565,788	$625,173	
11/1/2035	$1,130,000		5.55%	$45,788	$45,788		
5/112036	$1,130,000	$550,000	5.55%	$31,358	$581,358	$627,145	
11/1/2036	$580,000		5.55%	$31,358	$31,358		
5/112037	$580,000	$580,000	5.55%	$16,095	$596,095	$627,453	
				$7,278,409	S15,363,409	$12,345,569	

Annual Operating and Debt Service Budget
Fiscal Year 2018	9

Cordoba Ranch
Community Development District	Debt Service

Budget Narrative
Fiscal Year 2018

   Revenue	

Interest-Investments
The District earns interest income on their trust accounts with US Bank

Special Assessment-Tax Collector
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District to pay for the operating expenditures during the Fiscal Year.

Special Assessment-Discounts
Per Section 197.3632 and Section 197.162 of the Florida Statutes, discounts are allowed for early payment of assessments collected by the Tax Collector and only when the Tax Collector is using the uniform methodology. The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non-Ad Valorem assessments.

I Expenditures- Administrative

Misc-Assessment Collection Costs
The District reimburses the Tax Collector for her or his necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District also compensates the Tax Collector for the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The budget for collection costs was based on a maximum of 2% of the anticipated assessment collections.

   Debt Service	

Principal Debt Retirement
The District pays regular principal payments annually in order to pay down/retire the debt on May 1.

Interest Expense
The District pays interest expense on the debt on May 1 and November 1 of each year.

Annual Operating and Debt Service Budget
Fiscal Year 2018	10

Cordoba Ranch
Community  Development District

Supporting  Budget Schedules
Fiscal Year 2018

CORDOBA RANCH
Community Development District

All Funds

Comparison of Non-Ad Valorem Assessment Rates Fiscal Year 2018 vs. Fiscal Year 2017

0

prepaid lots
General Fund

FY 2018	FY 2017	
Percent Change	rJi

M	

FY 2018	Debt Service

FY 2017	
Percent Change	Total Assessments 

FY 2018 FY 2017	per Unit Percent
Change	;,

(1	Units	

$1,753.05 $1,753.05	
0.00%	
$2,233.81	
$2,233.81	
0.0%	
$3,986.86 $3,986.86	
0.0%	
286	

Annual Operating and Debt Service Budget
Fiscal Year 2018	11

RESOLUTION 2017-7

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CORDOBA RANCH COMMUNITY DEVELOPMENT DISTRICT APPROVING THE BUDGET FOR FISCAL YEAR 2018 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW

WHEREAS, the District Manager has heretofore prepared and submitted to the Board a proposed operating and/or debt service budget for Fiscal Year 2018; a copy of which is attached hereto, and
WHEREAS, the Board of Supervisors has considered said proposed budget and desires to set the required public hearing thereon;
NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CORDOBA RANCH COMMUNITY DEVELOPMENT DISTRICT;

The budget proposed by the District Manager for Fiscal Year 2018 is hereby  approved as the basis for conducting a public hearing to adopt said budget.
A public hearing on said approved budget is hereby declared and set for the following date, hour and place:

Date: Hour: Place:

July 25, 2017

9:30 a.m.

Cordoba Ranch Model Center 2516 Cordoba Ranch Boulevard Lutz, Florida

Notice of this public hearing shall be published in the manner prescribed in Florida Law.

Adopted this 23rd day of May, 2017.

Barr

.	Chai

  v!	L  /  
Andrew P. Mendenhall Secretary

CORDOBA RANCH
Community Development District

Annual Operating and Debt Service Budget
Fiscal Year 2018

Version 1 - Tentative Approved Budget:
(Printed on 5/23/2017)

Prepared by:

SEVERN

CORDOBA RANCH
Community Development District

Table of Contents

Page#

OPERATING BUDGET

General Fund
Summary of Revenues . Expenditures and Changes in Fund Balances.	1-2

Exhibit A- Allocation of Fund Balances.. .. ......... .. .... ...... .... .. ...... .. .. .. ... ......... .. ........... .. .... .

Budget Narrative .. .... .. ....... ....... ... ... . ............ .. .. ....... .. ... ..... ... . ... .. ....... .. .... ... ...... .... .. .. ..

3

4-7

DEBT SERVICE BUDGETS

Series 2006
Summary of Revenues, Expenditures and Changes in Fund Balances.	8
Amortization Schedu le.	9
Budget Narrative ..... ... .... .. ... ...... .. ....... ......... ...	10
SUPPORTING BUDGET SCHEDULES
2017-2018 Non-Ad Valorem Assessment Summary.	11

Cordoba Ranch
Community Development District

Debt Service Budgets
Fiscal Year 2018

CORDOBA RANCH
Community Development District	General Fund Fund

Summary of Revenues, Expenditures and Changes in Fund Balances
Fiscal Year 2018 Tentative Approved Budget

ORIGINAL        ACTUAL	PROJECTED		TOTAL	ANNUAL ACTUAL	BUDGET	THRU		MAY-	PROJECTED    BUDGET
ACCOUNT DESCRIPTION	FY 2016	FY 2017	APR-17	SEP-2017	FY 2017	FY 2018

REVENUES
Interest - Investments
Interest - Tax Collector	$	374	$	-	$	-
63	$	$
63	$	
Special Assmnts- Tax Collector	341,575	320,742	351,930	5,694	357,624	357,623	
Special Assmnts- CDD Collected	128,587	150,550	101,344	33,782	135,126	135,125	
Special Assmnts- Discounts			(13,944)		(13,944)	(14,305)	
Other Miscellaneous Revenues	561		4,674		4,674		
Gate Bar Code/Remotes	488	488
TOTAL REVENUES	471,097	471,292	444,555	39,476	484,031	478,444 I
EXPENDITURES
Administrative

P/R-Board of Supervisors
Pro/Serv-Administrative	
4,500	
4,500	1,000	1,000	2,000	2,400	
ProfServ-Arbitrage Rebate	2,300	500		500	500	500	
ProfServ-Dissemination Agent	5,000	5,000		5,000	5,000	5,000	
ProfServ-Engineering	8,488	7,500	5,126	2,374	7,500	7,500	
ProfServ-Financial Advisor	8,600	3,600		3,600	3,600		
ProfServ-Legal Services	10,244	12,000	3,703	8,297	12,000	8,000	
ProfServ-Mgmt Consulting Serv	20,721	20,721	13,741	9,759	23,500	45,320	
ProfServ-Special Assessment	5,000	5,000	2,917	2,083	5,000		
ProfServ-Trustee Fees	3,203	3,500	2,424		2,424	3,500	
Accounting Services	11,500	15,500	9,042	6,458	15,500		
Auditing Services	3,300	3,400		3,400	3,400	3,423	
Postage and Freight						250	
Public Officials Insurance	1,850	2,200	1,850		1,850	2,035	
Printing and Binding						100	
Legal Advertising	976	1,200	1,890		1,890	3,500	
Misc-Assessmnt Collection Cost			6,760	315	7,075	7,152	
Misc-Web Hosting	770	840	525	375	900	900	
Annual District Filing Fee	175	175	200		200	175	
Total Administrative	 	86,627	85,636	49,178	43,161	92,339	89,755	

Other Public Safety

Contracts-Security Camera	1,375	2,500	1,490	1,000	2,490	2,500	
Contracts-Security Services	16,879	10,000	5,920	4,080	10,000	10,000	
Communication-Telephone	1,600	1,650	1,087	533	1,620	1,650	
R&M-Gate	 	335	4,800	4,800	4,800	4,800	
Total  Other Public Safety	 20,189	18,950	8,497	10,413	18,910	18,950	

Electric Utility Services
Utility - General	7,820	8,700	4,213	3,009	7,222	8,700
Electricity• Streetlighting	 58,538	61,200	35,429	25,771	61,200	61,200	
Total Electric Utility Services	 66,358	69,900	39,642	28,780	68,422	69,900 

Annual Operating and Debt Service Budget Fiscal Year 2018

CORDOBA RANCH
Community Development District	General Fund Fund

Summary of Revenues, Expenditures and Changes in Fund Balances
Fiscal Year 2018 Tentative Approved Budget

ORIGINAL       ACTUAL	PROJECTED		TOTAL	ANNUAL ACTUAL	BUDGET	THRU		MAY-	PROJECTED    BUDGET
ACCOUNT DESCRIPTION	FY 2016	FY 2017	APR-17	SEP-2017	FY 2017	FY 2018

Flood Control/Stormwater Mgmt
Contracts-Aquaict Control	13,968	12,408	7,238	5,170	12,408	12,408	
R&M-Fountain	960	2,500	339	2,161	2,500	2,500	
R&M-Mitigation	15,455	16,300	5,950	10,350	16,300	16,300	
R&M Lake & Pond	9,750	15,000	2,040	12,960	15,000	15,000	
lmpr - Aquatic Plants	840	5,000		5,000	5,000	5,000	
Total Flood Control/Stormwater Mgmt 	40,973	51,208	15,567	35,641	51,208	51,208	

Field
ProfServ-Fleld Management	4,000	6,000		
Contracts-Landscape	113,051	109,450	67,080	47,914	114,994	114,994	
Insurance - Property	1,434	1,656	1,434		1,434	1,577	
Insurance - General Liability	2,250	2,722	2,058		2,058	2,264	
R&M-Entry Feature		4,000		4,000	4,000	4,000	
R&M-lrrigation	2,566	12,000	7,252	5,180	12,432	12,000	
R&M-Pest Control		2,000	1,864	1,331	3,195	3,200	
R&M-Plant Replacement	20,722	15,000	12,028	7,972	20,000	15,000	
R&M-Well Maintenance		7,500		7,500	7,500	7,500	
R&M-Annuals		19,000	14,018	4,982	19,000	19,000	
R&M-Mulch		23,100		23,100	23,100	23,100	
Holiday Lighting & Decorations		2,000	2,200		2,200	2,200	
Op Supplies - Fertilizer	 	7,800	7,800	7,800	7,800	
Tota/Field	144,023	212,228	107,934	109,780	217,714	212,635

Parks and Recreation • General
ProfServ-Wildlife Management Service	14,695	14,400	8,400	6,000	14,400	16,800	
Misc-Contingency	4,365	15,000	14,911		14,911	14,995	
Total Parks and Recreation - General	 	19,060	29,400	23,311	6,000	29,311	31,795	

Reserves

Capital Reserves	50,000	50,000	
Total Reserves	 	50,000	50,000		

TOTAL EXPENDITURES & RESERVES	377,230	517,322	244,129	233,775	477,904	524,2441

Excess (deficiency) of revenues		
Over (under) expenditures	93,867	(46,030 )	200,426	(194,299 )	6 ,127	(45,800)	
	
OTHER FINANCING SOURCES (USES)			
	Contribution to (Use of) Fund Balance	(46 ,030)	(45,800)	
I	TOTAL OTHER SOURCES (USES)	
(46,030)	
{45,800)1	
Net change in fund balance	93,867	(46,030)	200,426	(194,299)	6,127	(45,800)	
FUND BALANCE, BEGINNING	115,632	209,499	209,499		209,499	215,626	

FUND BALANCE, ENDING	 	$ 209,499	$ 163,469	$ 409,925	$(194,299)     $ 215,626	$ 169,826 

Annual Operating and Debt Service Budget
Fiscal Year2018	2

CORDOBA RANCH
Community Development District

Exhibit "A"
Allocation of Fund Balances

AVAILABLE FUNDS

Beginning Fund Balance - Fiscal Year 2018
Net Change in Fund Balance - Fiscal Year 2018 Reserves - Fiscal Year 2018 Additions

Amount
$	215,626

(45,800)

50,000

ITotal  Funds Available  (Estimated) - 9/30/2018	219,826 I

ALLOCATION OF AVAILABLE FUNDS

Assigned Fund Balance

Operating Reserve - First Quarter Operating Capital		49,699 (	
Reserve Previous years		70,127	
Capital Reserve FY 2017		50,000	
Capital Reserve FY 2018		 	50,000 	
	Subtotal	 	219,826 	
I Total Allocation of Available Funds		219,826 I	

1)

Notes
Represents approximately 2 month of operating expenditures

Annual Operating and Debt Service Budget
Fiscal Year 2018	3

CORDOBA RANCH
Community Development District	General Fund

Budget Narrative
Fiscal Year 2018

jREVENUES

Interest-Investments
The District earns interest on the monthly average collected balance for their operating account.

Special Assessments-Tax Collector
The District will levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year.

Special Assessments-Discounts
Per Section 197.162, Florida Statutes, discounts are allowed for early payment of assessments. The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non-Ad Valorem assessments.

Other Miscellaneous Revenue
The District receives other miscellaneous revenue.

Gate Bar Code/Remotes
The District receives amounts for gate bar codes and gate remotes that operate the gates of the District.

Administrative

P/R-Board of Supervisors
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting at which they are in attendance. The amount for the Fiscal Year is based upon all supervisors attending all of the meetings.

Professional Services - Arbitrage Rebate Calculation
The District has a proposal with a company who specializes to calculate the District's Arbitrage Rebate Liability on the Series of Benefit Special Assessment Bonds. The budgeted amount for the fiscal year is based on standard fees charged for this service.

Professional Services - Dissemination Agent
The District is required by the Securities and Exchange Commission to comply with Rule 15c2-12(b)-(5), which relates to additional reporting requirements for unrelated bond issues. The budgeted amount for the fiscal year is based on standard fees charged for this service.

Professional Services-Engineering
The District's engineer provides general engineering services to the District, i.e. attendance and preparation for monthly board meetings when requested, review of invoices, and other specifically requested assignments.

Professional Services-Legal Services
The District's Attorney provides general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research as directed or requested by the Board of Supervisors and the District Manager.

Annual Operating and Debt Service Budgets Fiscal Year 2018
4

CORDOBA RANCH
Community Development District	General Fund

Budget Narrative
Fiscal Year 2018

I EXPENDITURES

Administrative (continued)

Professional Services-Management Consulting Services
The District receives Management, Field Services, Accounting, Assessment and Administrative services as part of a Management Agreement with Severn Trent Environmental Services, Inc. Also included are costs for Information Technology charges to process all of the District's financial activities, i.e. accounts payable, financial statements, budgets, etc., on a main frame computer owned by Severn Trent in accordance with the management contract and the charge for rentals. The budgeted amount for the fiscal year is based on the contracted fees for management services versus Rizzetta who included Administrative, Financial Advisor and Accounting services fees

Professional Services-Special Assessment
This is the Administrative fee to prepare the District's special assessment roll.

Professional Services -Trustee Fees
The District issued this Series of 2013 Capital Improvement Revenue Bonds that are deposited with a Trustee to handle all trustee matters. The annual trustee fee is based on standard fees charged plus any out-of-pocket expenses.

Auditing Services
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from an existing engagement letter.

Postage and Freight
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.

Public Official Insurance
The District's Public Officials Liability Insurance policy is with Florida Insurance Alliance Inc. They specialize in providing insurance coverage to governmental agencies. The budgeted amount allows for a projected increase in the premium.

Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.

Miscellaneous-Assessment Collection Costs
The District reimburses the Pasco County Tax Collector for her or his necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District also compensates the Tax Collector for the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The fiscal year budget for collection costs is based on a maximum of 2% of the anticipated Non-Ad Valorem assessment collections.

Miscellaneous-Web Hosting
The District is mandated to post on the internet the approved and adopted budgets, minutes and audits per State requirements.

Annual Operating and Debt Service Budgets
Fiscal Year 2018
5

CORDOBA RANCH
Community Development District	General Fund

Budget Narrative
Fiscal Year 2018

I EXPENDITURES

Administrative (continued)

Annual District  Filing Fee
The District is required to pay an annual fee of $175 to the Department of Community Affairs.

Other Public Safety

Contracts- Security Camera
The District has a contract with Envera Systems Inc. for monitoring the security cameras and maintenance.

Contracts- Security Service
The District has a contract with Envera Systems Inc. for monitoring the security access and additional patrol by the Sheriffs Office on an as needed basis.

Communication-Telephone
This is for the gate telephone usage by the District with Fronteir.

R&M-Gate
This includes the repairs and maintenance of the Districts Gate.
Electric Utility Services Electricity-General
This is for the electric utility services for the irrigation timers, lift station pumps, fountains, etc.

Electricity-Streetlighting
This is for the electric for the streetlights.
Flood Control/ Stormwater Management Contracts-Aquatic Control
The District has a contract for the monthly care and maintenance of the lakes and ponds with Aquagenix for $1,034 per month.

R&M-Fountain
This is for the repairs and maintenance of the fountains throughout the Parks and Recreational areas.

R&M-Mitigation
This is for monitoring the water level and vegetation of the lakes and wetland of the District.

R&M-Lake & Pond
This is for any maintenance required for the lakes and Ponds of the District.

lmpr - Aquatic Plants
This is for any improvement required for the aquatic plants of the District.

Annual Operating and Debt Service Budgets Fiscal Year 2018
6

CORDOBA RANCH
Community Development District	General Fund

Budget Narrative
Fiscal Year 2018

I EXPENDITURES	

Contracts-Landscape
The District currently has a contract with Vivicon for landscaping that includes general mowing, edging and maintenance with a monthly fee $9,582.84.

Insurance - Property
This is for the property insurance for the items owned by the District.

Insurance - General Liability
This is for the general liability insurance for the items owned by the District.

R&M-Entry Feature
This is for the repairs and maintenance of the entry monuments and fencing.

R&M-lrrigation
This is for the repairs and maintenance of the irrigation system of the District.

R&M-Pest Control
This is for pest control and ant treatments in the District.

R&M-Plant Replacement
This is for the landscape replacement including turf, trees, shrubs, etc. around the District.

R&M-Annuals
This is for the installation of the annual flowers around the District.

Holiday Lighting & Decorations
This is for the decorations that will be displayed around the District during the Holidays.

Op Supplies - Fertilizer
This includes fertilizer and miscellaneous supplies needed for the District.

ProfServ-Wildlife Management Service
Hog removal services by Jerry Richardson for $1,400 per month.

Miscellaneous-Contingency
This is for any miscellaneous fees or services that may arise around the District.

Reserves

Capital Reserves
This is capital reserves for any expenses that may arise around the District.

Annual Operating and Debt Service Budgets Fiscal Year 2018
7

Cordoba Ranch
Community Development District

Operating Budget
Fiscal Year 2018

CORDOBA RANCH
Community Development District	Series 2006 Debt Service Fund

Summary of Revenues, Expenditures and Changes in Fund Balances
Fiscal Year 2018Tentative Approved Budget

ADOPTED        ACTUAL	PROJECTED	TOTAL		ANNUAL
ACTUAL	BUDGET	THRU	MAY-	PROJECTED	BUDGET
 	ACCOUNT DESCRIPTION		 FY 2016	FY 2017	Apr-17	SEP-2017	FY 2017	FY 2018	

REVENUES
Interest - Investments	$	352    $	-   $	350    $	$	350 $	350
Special Assrnnts- Tax Collector	428,355	455,697	448,442	7,255	455,697	455,697	
Special Assmnts- COD Collected	172,182	172 ,182	129,137	43,045	172,182	172,182	
Special Assmnts- Discounts		(18,228)	(17,768)		(17,768)	(18,228)	
TOTAL REVENUES	600,889	609,651	560,161	50,300	610,461	s10,001 1

EXPENDITURES
Administrative
Misc-Assessrnnt Collection Cost	9,113	8,613	145	8,758	18,228
Total Administrative	 	9,113	8,613	145	8,758	18,228	

Debt Service
Pr incipal Debt Retirement	180,000	180,000	190,000	190,000	205,000
Interest Expense	 	421,523	420,538	205,766	205,766	411,532	400,988	
Total Debt Service	 	601,523	600,538	205,766	395,766	601,532	605,988	
TOTAL EXPENDITURES	601,523	609,651	214,379	395,911	610,290	624,215 I
Excess (deficiency) of revenues
Over (under) expenditures	 	(634)	345,782	(345,611)	171	(14,214)	

OTHER FINANCING SOURCES (USES)		
Contribution to (Use of) Fund Balance
I TOTAL OTHER SOURCES {USES)						(14 ,214)
!14,214!1	
Net change in fund balance	(634)		345,782	(345,611)	171	(14,214)	
FUND BALANCE, BEGINNING		618,471	618,471		618,471	618,642	

FUND BALANCE, ENDING	$     618,471     $    618,471	$     964,253     $    (345,611)    $     618,642     $ 604,428	

Annual Operating and Debt Service Budget
Fiscal Year 2018	8

CORDOBA RANCH
Community Development District	Series 2006 Debt Se,vice Fund

 	AMORTIZATION SCHEDULE	

Capital Improvement  Revenue Bonds

Date	
Outstanding Balance	

Principal	

Coupon	

Interest	
Debt Service	Annual
Debt Service	
							
5/1/2018	$7,225,000	$205,000	5.55%	$200,494	$405,494	$611,260	
11/1/2018	$7,020,000		5.55%	$200,494	$200,494		
5/1/2019	$7,020,000	$215,000	5.55%	$194,805	$409,805	$610,299	
11/1/2019	$6,805,000		5.55%	$194,805	$194,805		
5/1/2020	$6,805,000	$225,000	5.55%	$188,839	$413,839	$608,644	
11/1/2020	$6,580,000		5.55%	$188,839	$188,839		
5/1/2021	$6,580,000	$240,000	5.55%	$182,595	$422,595	$611,434	
11/1/2021	$6,340,000		5.55%	$182,595	$182,595		
5/1/2022	$6,340,000	$255,000	5.55%	$175,935	$430,935	$613,530	
11/1/2022	$6,085,000		5.55%	$175,935	$175,935		
5/1/2023	$6,085,000	$265,000	5.55%	$168,859	$433,859	$609,794	
11/1/2023	$5,820,000		5.55%	$168,859	$168,859		
511/2024	$5,820,000	$285,000	5.55%	$161,505	$446,505	$615,364	
1111/2024	$5,535,000		5.55%	$161,505	$161,505		
511/2025	$5,535,000	$300,000	5.55%	$153,596	$453,596	$615,101	
1111/2025	$5,235,000		5.55%	$153,596	$153,596		
5/1/2026	$5,235,000	$315,000	5.55%	$145,271	$460,271	$613,868	
11/1/2026	$4,920,000		5.55%	$145,271	$145,271		
5/1/2027	$4,920,000	$335,000	5.55%	$136,530	$471,530	$616,801	
11/1/2027	$4,585,000		5.55%	$136,530	$136,530		
5/1/2028	$4,585,000	$355,000	5.55%	$127,234	$482,234	$618,764	
11/1/2028	$4,230,000		5.55%	$127,234	$127,234		
5/1/2029	$4,230,000	$375,000	5.55%	$117,383	$492,383	$619,616	
11/1/2029	$3,855,000		5.55%	$117,383	$117,383		
511/2030	$3,855,000	$395,000	5.55%	$106,976	$501,976	$619,359	
11/1/2030	$3,460,000		5.55%	$106,976	$106,976		
5/1/2031	$3,460,000	$415,000	5.55%	$96,015	$511,015	$617,991	
11/1/2031	$3,045,000		5.55%	$96,015	$96,015		
5/1/2032	$3,045,000	$440,000	5.55%	$84,499	$524,499	$620,514	
11/1/2032	$2,605,000		5.55%	$84,499	$84,499		
5/1/2033	$2,605,000	$465,000	5.55%	$72,289	$537,289	$621,788	
11/1/2033	$2,140,000		5.55%	$72,289	$72,289		
511/2034	$2,140,000	$490,000	5.55%	$59,385	$549,385	$621,674	
11/1/2034	$1,650,000		5.55%	$59,385	$59,385		
5/1/2035	$1,650,000	$520,000	5.55%	$45,788	$565,788	$625,173	
1111/2035	$1,130,000		5.55%	$45,788	$45,788		
511/2036	$1,130.000	$550,000	5.55%	$31,358	$581,358	$627,145	
1111/2036	$580,000		5.55%	$31,358	$31,358		
5/1/2037	$580,000	$580,000	5.55%	$16,095	$596,095	$627,453	
				$7,278,409	$15,363,409	$12,345,569	

Annual Operating and Debt Service Budget
Fiscal Year 2018	9

Cordoba Ranch
Community Development District	Debt Service

Budget Narrative
Fiscal Year 2018

I Revenue
Interest-Investments
The District earns interest income on their trust accounts with US Bank

Special Assessment-Tax Collector
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District to pay for the operating expenditures during the Fiscal Year.

Special Assessment-Discounts
Per Section 197.3632 and Section 197.162 of the Florida Statutes, discounts are allowed for early payment of assessments collected by the Tax Collector and only when the Tax Collector is using the uniform methodology. The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non-Ad Valorem assessments.
I Expenditures- Administrative
Misc-Assessment Collection Costs
The District reimburses the Tax Collector for her or his necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District also compensates the Tax Collector for the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The budget for collection costs was based on a maximum of 2% of the anticipated assessment collections.

   Debt Service	

Principal Debt Retirement
The District pays regular principal payments annually in order to pay down/retire the debt on May 1.

Interest Expense
The District pays interest expense on the debt on May 1 and November 1 of each year.

Annual Operating and Debt Service Budget
Fiscal Year 2018	10

Cordoba Ranch
Community Development District

Supporting Budget Schedules
Fiscal Year 2018

CORDOBA RANCH
Community Development District

All Funds

Comparison of Non-Ad Valorem Assessment Rates Fiscal Year 2018 vs. Fiscal Year 2017

0
prepaid tots
General Fund	:i		Debt Service	'fj	Total Assessments eer Unit .t,i	

Units	

FY 2018	FY2017	Percent }j
Change jl	
FY 2018	
FY 2017	Percent   ;Jl	Percent
Change   !  FY 2018   FY 2017	Change q		

$1,753.05 $1,753.05	
0.00%	
$2,233.81	
$2,233.81	
0.0%	1$3,986.86  $3,986.86	0.0%	
286	

Annual Operating and Debt Service Budget
Fiscal Year 2018	11

Aquagenix
M O  f'I  O  q i  o  g     Y  o  v  r     L  i  q  l ,  i  d  ssei,s

05/10/2017

The following report is for May to illustrate what has changed from April and what to expect through May and the coming months. The photos this month were taken on Tuesday, May 9th, 2017.
The ponds were treated on Friday May 5th this month. Water levels are down as far as they have ever been. We still have not had any rain to speak of. Overall, the ponds are still in good shape. There was a little Algae and some submersed that was showing with the really low water levels.
The drought continues and some ponds are dry, but we are treating the pond bottoms in hopes that when They fill it will make things a bit easier for us.
I had the fountain tech out at the same time and the fountains were cleaned, lights were checked and
Timers were also checked. The south fountain is deeper than I thought and should be ok, but the north Fountain has about 2' from the bottom of the intake to pond bottom. This will need to  be monitored because It may need to be shut down soon to avoid motor issues. While onsite my tech also did the Littoral Shelf Maintenance. There are no issues except the shelfs are exposed and very dry.

Thank you for your business! Sincerely,

Scott Croft Aquagenix

Aquagenix
M  o   n   o   g   1  tt  g       Y  o   u   r      t_   ;   q    v  ,  d   A$se!s

Date: 5/12/17		

Pond #100

		
What we found: Pond overall looks good. The water levels are very
low.

What we did: Treated Exposed Shorelin e.
What to expect Water levels to
stay extremely low during the drought like condit ions .				
Recommendations & Notes: Not much water left, but
Fine for the time being	the hole is deeper than one would think. The fountain is	

Date: 5/12/17		Pond #110		
What we found: Pond is looking good. Big exposed shoreline with the Drought conditions

What we did: Exposed Shoreline was treated.

What to expect: Pond will continue to look good, but very low.				
Notes: Fountain OK for now, but at some point it may	need to be shut off. 2' to the bottom of the intake.	

Page 1

Date: 5/12/17		
Pond #120		

What we found: Big exposed
shoreline

What we did: Treated Grasses on exposed shoreline ( Spot Treat) Sprayed the Littoral Shelf

What to Expect: Continued low water levels.				
Recommendations & Notes: Planting the shelf		

Date: 5/12/17		Pond #125		
What we found: Pond has some exposed Spike rush that was treated. Also another submersed weed that we are working on

What we did: Went after the submersed growth with a Sonar AS treatment.

What to Expect: Pond to look better when the rains come. Very low water level on Littoral Shelf.				
Recommendations & Notes: At some point this could be a good pond for Triploid Grass Carp. They will help eat the submersed vegetation. Same as last month, but Carp would help this pond for sure.	

Page 2

Date: 5/12/17		Pond #126		
What we found: Water levels are extremely low as can be seen.

What we did: Treated exposed shoreline.

What to expect Pond to stay low with the drought conditions.				
Recommendations & Notes: No real issues except the low water level		

Date:5/12/17		Pond #130

What we found: Pond is very shallow; it has a little Slender Spike rush in it and Algae.
What we did: Treated the exposed areas and spot treated the Algae

What to expect: Very slow clean up because the pond is so low that we have to  be very careful with the herbicide we apply.				
Recommendations & Notes: This pond will be part of the future planting plans and would look much better with
Pickerelweed or arrowhead throughout the southern ditch. This photo is facing south.	

Page 3

Date: 5/12/17		Pond #140		
What we found: Had a little Submersed and Algae.

What we will do: Treated the algae submersed and exposed Spike rush.

What to expect: Algae will die off. You can see it is white in the picture.				
Recommendations & Notes: This will be part of the planting quote.		

Date: 5/12/17		Pond #143A

		
What we found: Extremely Low water level

What we did: Treated for exposed grasses. ( Spot treatment)

What to expect: Continue to be a puddle until the rainy season kicks in.				
Recommendations & Notes: Need Rain Very Badly			

Page4

Date: 5/12/17		Pond #143B		
What we found: Very little water in this pond. Even less than last month.

What we will do: We Spot treated the exposed bank.

What to Expect: Will dry up very
soon.				
Recommendations & Notes: Will be part of the planting quote.		

Date:5/12/17		Pond #146

		
What we found: Very Low Water Level. Mitered End pipe cape needs repair. I will include picture at the end

What we did: Spot treated exposed shoreline.

What to expect: Continued low water levels without any rain.				
Recommendations & Notes: OK			

Pages

Date: 5/12/17
What we found: Besides the very low water levels, this pond looks great.

What we did: Spot treated exposed shoreline.

What to Expect hopefully rain over the next couple of weeks

Pond #150

Recommendations & Notes: Pool complete to the northwest.

Date:5/12/17
What we found: Pond in Very good shape.

What we did: Spot treated exposed shoreline.

What to expect: The pond to continue to look good.

Pond #170

Recommendations & Notes: Pond to continue to look good.

Page 6

Date: 5/12/17		Pond #180

		
What we found: Some submersed on the Littoral shelf. Rest of pond looks good.
What we did: Treated for it and spot treat shoreline grasses.
What to expect: Submersed to die
off slowly.				

Date: 5/12/17		Pond #185
		
What we found: Water levels are very low.

What we did: Treated exposed shoreline.

What to expect: Continued low water levels.				
Recommendations & Notes: Would be part of the Planting quote.		

Page 7

Date: 5-12-17		Pond 190A		

What we found: Low water level. Littoral shelf partially exposed .

What we did: Treated perimeter grasses and exposed Littoral Shelf.

What to expect: Continued low water levels until the rainy season starts.				
Recommendations & Notes: Planting the Littoral Shelf over the next few mont hs.		

Date: 05/12/17		Pond# 190B		
What we found: Still looking very good.

What we did: Spot treated exposed shoreline
What to Expect should stay clean.				
Recommendations & Notes: Littoral Shelf planting over the next few months if approved.		
Pages

Date: 5/12/17		Pond #200		
What we found: Water levels very low. PA still visable
What we did: Spot treated exposed shoreline.
What to expect: We will not treat for the PA with the water levels this low because we do not want a fish kill.				
Recommendations & Notes: Did not treat the Algae ( PA) because of such low water levels		

Date: 5/12/17		Pond #210		
What we found: Water level way down. Both Shelfs are completely exposed.

What we did: Treated all exposed Littoral Shelf and shoreline again like last month. We did not get a good kill on the Littoral shelf.

What to expect: Growth on Littoral Shelf to die off.				
Recommendations & Notes: Eventually plant both Littoral shelf ends of the pond. Plant it in the summer hopefully	

Page9

Date: 5/12/17		Pond #220

		
What we found: Extremely low water level. ( Pretty much the same as last month)

What we did: Spot Treated exposed shoreline. Just a mud puddle in center

What to expect: Continued low water levels.				
Recommendations & Notes:			

Date: 5/12/17		Pond #230		
What we found: Pond itself is looking good. It has undermining under the cap on the pipe that is straight ahead in the picture.

What we did: Inspected this one.

What to expect: Extremely low water levels for the immediate future.				
Recommendations & Notes: Part of the Littoral Shelf Planting Quote. Consider fixing the undermining.		

Page 10

Date: 5/12/17		Pond #240A

		
What we found: Dry pond

What we did: Treated exposed Pond bottom

What to expect: More of the same				
Recommendations & Notes:			

Date: 5/12/17		Pond #240 B		
What we found: Pond Dry

What we did: Sprayed exposed bottom.

What to expect: Continued low water levels.				
Recommendations & Notes: Will keep an eye on the concrete cap minimal undermining to insure it does not crack. We can provide a proposal for this (same).	

Page 11

Date:5/12/17		Pond #260		
What we found: Low water level. Submersed Looks better

What we did: Treated exposed pond bottom.

What to expect: Continue to look very good.				
Recommendations & Notes: Littoral Shelf will be part of the planting quote.		

Date: 5/12/17		Pond #270A

		
What we found: Pretty much the same as last month.

What we did: Treated exposed shoreline. Keep some Spatterdock to take up nutrients.

What to expect: Should stay pretty clean.				
Recommendations & Notes: None at this time.			

Page 12

Date: 5/12/17		Pond #2708		
What we found: Very low water levels and almost dry.

What we did: Treated exposed areas and shoreline

What to expect: Continued low water levels				
Recommendations & Notes: Part of the Planting Quote.		

Date: 5/12/17		Pond #280		
What we found: Pond still looks good.

What we did: Treated exposed Grass.

What to expect: Pond to continue to look really good.				
Recommendations & Notes: Northeast corner is part of the planting quote.		

Page 13

Date: 5/12/17		Pond #290		
What we found: Light Algae on west end

What we did: Treated for it.

What to expect: Have to be very careful with the very low water levels.				
Recommendations & Notes: Will require more plants on the northeast littoral shelf.		

Date: 5/12/17		Pond #300		

What we found: Water level very low.

What we did: Treated exposed shoreline.
What to Expect continued low water level. Pond very tough too access with machine at this point with all the construction.				
Recommendations & Notes: Yellow Boom needs removed.		

Page 14

Date: 5/12/17		Pond #310		

What we found: The Littoral shelf is completely dry. And pond very low.

What we did: Treated exposed Littoral Shelf.

What to expect: This pond need a lot of rain before any planting occur.				
Recommendations & Notes: Part of planting quote. Needs water bad.		

Date:5/12/17		Pond #320

		

What we found: Water Levels very
low

What we did: Treated exposed Shoreline

What to expect: Continued low water levels.				
Recommendations & Notes: None			
Date:5/12/17		Pond #146		

What we found: Mitered End Cap cracked.

What we did: Took Picture

What to expect: Get worse.				
Recommendations & Notes: Repair while the water is down.		
Page 15

/\DBi.SERVICES	COlv\F'r'\i'IY

MANAGING   \'OUR   ENVU ONMENTAL NEEDS
Special Service Agreement
Cordoba Ranch CDD
c/o Severn Trent - North America 2654 Cypress Ridge Blvd., #102 Wesley Chapel, FL 33544
Contact: Andy Mendenhall Phone: (813) 991-1116

Proposal ID
93396

Date
3/22/2017

Terms
50% Deposit Due Before Work Begins
We are pleased to quote special pricing as follows

Supply, delivery and installation of Florida beneficial Pickerelweed (Ponterderia cordata) (this is based on best survival chance. We can include duck potato but feel Pickerelweed is a better option) for the pond perimeters and littoral shelves within the development. Perirnter plantings would be done on 36" spacing and littorals would be done on 36" centers. Plants will be approximately 18-24" high.

Quantity Description
6843 Pickerel weed for pond perimters (based on 20,527 LF with 3 ft
spacing)
16696 Pickerel weed for littoral shelves (based on 160,270 sq. ft on plans dated 3-21-17) on 3' centers
NOTE - CDD must furnish a current tax exempt certificate

Taxable	Unit Price	q:dended Price
No	$0.70	$4,790.10

No	$0.70	$11,687.20

No

Total	$16,477.30

This offer is good for twenty one (21) days from date of quote. Sales Tax Not Included.
DO NOT PAY FROM THIS AGREEMENT- INVOICE TO FOLLOW

AQUAGENIX
 	STEVIE COCit"'	
PRINT NAME
3-22.,-17

CUSTOMER PRINT NAME

DATE	DATE

BRANCH OFFICE
6203 Johns Road, Suites 7 & 8. Tampa FL 33634-4441 USA I T +1 813 627 8710 I F +1813627 8630