Cordoba Ranch Community Development District Proposed Budget
General Fund Fiscal Year 2014/2015

Chart of Accounts Classification	
Budget for 2014/2015	
		
REVENUES		
Interest Earnings		
Interest Earnings	$	-	
Special Assessments		
Tax Roll*	$	388,600	
Contributions & Donations from Private Sources		
Developer Contributions	$	-	
Owners Association	$	-	
TOTAL REVENUES	$	388,600	
		
Balance Forward from Prior Year	$	-	
		
TOTAL REVENUES AND BALANCE FORWARD	$	388,600	
		
*Allocation of assessments between the Tax Roll and Off Roll are	
		
EXPENDITURES - ADMINISTRATIVE		
		
Financial & Administrative		
Administrative Services	$	5,892	
District Management	$	20,847	
District Engineer	$	7,500	
Disclosure Report	$	5,000	
Trustees Fees	$	3,500	
Financial Consulting Services	$	5,892	
Accounting Services	$	12,690	
Auditing Services	$	4,500	
Arbitrage Rebate Calculation	$	650	
Public Officials Liability Insurance	$	3,300	
Legal Advertising	$	750	
Bank Fees	$	-	
Dues, Licenses & Fees	$	175	
Website Fees & Maintenance	$	3,500	
Legal Counsel		
District Counsel	$	15,000	
Trustee Counsel	$	-	
		
Administrative Subtotal	$	89,196	
		
EXPENDITURES - FIELD OPERATIONS		
Security Operations		
Guard & Gate Facility Maintenance	$	4,800	
Security Camera Maintenance	$	2,500	
Security Monitoring Services	$	8,800	
Electric Utility Services		
Utility Services	$	7,500	
Street Lights	$	61,200	
Aquatic Maintenance	$	11,700	
Fountain Service Repairs & Maintenance	$	2,500	
Lake/Pond Bank Maintenance	$	15,000	
Mitigation Area Monitoring & Maintenance	$	14,800	
Aquatic Plant Replacement	$	-	
General Liability Insurance	$	3,500	
Property Insurance	$	4,800	
Landscape Maintenance	$	100,000	
Irrigation Repairs	$	5,000	
Landscape Replacement Plants, Shrubs, Trees	$	20,520	
Road & Street Facilities		
Gate Phone	$	1,650	
Miscellaneous Contingency	$	15,134	
Capital Reserves	$	20,000	
Field Operations Subtotal	$	299,404	
		
Contingency for County TRIM Notice		
		
TOTAL EXPENDITURES	$	388,600	
		
EXCESS OF REVENUES OVER EXPENDITURES	$	-	

Budget Template
Cordoba Ranch Community Development District Debt Service
Fiscal Year 2014/2015

Chart of Accounts Classification	Series 2006	Budget for
2014/2015	
			
REVENUES			
Special Assessments			
Net Special Assessments	$600,537.19	$600,537.19	
			
TOTAL REVENUES	$600,537.19	$600,537.19	

EXPENDITURES			
Administrative			
Financial & Administrative			
Bank Fees		$0.00	
Debt Service Obligation	$600,537.19	$600,537.19	
Administrative Subtotal	$600,537.19	$600,537.19	
			
TOTAL EXPENDITURES	$600,537.19	$600,537.19	
			
EXCESS OF REVENUES OVER EXPENDITURES	$0.00	$0.00	

Collection and Discount % applicable to the county:	8.0%

Gross assessments	$652,757.82

Notes:
Tax Roll Collection Costs for Hillsborough County is 8.0% of Tax Roll. Budgeted net of tax roll assessments. See Assessment Table.

Cordoba Ranch Community Development District	
FISCAL YEAR 2014/2015 O&M & DEBT SERVICE ASSESSMENT SCHEDULE	
2014/2015 O&M Budget		$388,600.00			
Hillsborough County 8% Collection Cost:		 	$33,791.30				
2014/2015 Total:	$422,391.30			

2013/2014 O&M Budget		
$388,600.00			
2014/2015 O&M Budget		$388,600.00			
Total Difference:	 	$0.00				

    PER UNIT ANNUAL ASSESSMENT 	

Proposed Increase / Decrease	
2013/2014	2014/2015	$	%	
Debt Service - Single Family	$2,282.37	$2,282.37	$0.00	0.00%	
Operations/Maintenance - Single Family	$1,476.89	$1,476.89	$0.00	0.00%	
Total	$3,759.26	$3,759.26	$0.00	0.00%	

CORDOBA RANCH	

FISCAL YEAR 2014/2015 O&M & DEBT SERVICE ASSESSMENT SCHEDUL	
	TOTAL O&M BUDGET				$388,600.00								
	COLLECTION COSTS @	8.0%			 		$33,791.30 								
	TOTAL O&M ASSESSMEN	T			     $422,391.30 								

UNITS ASSESSED						

TOTAL				
				SERIES 2006	 	ALLOCATION OF O&M  ASSESSMENT			SERIES 2006	PER LOT ANNUAL ASSESSMENT	
				DEBT		TOTAL	% TOTAL	TOTAL		DEBT SERVICE		DEBT		
	LOT SIZE	O&M		SERVICE (1)	EAU FACTOR	EAU's	EAU's	O&M BUDGET		ASSESSMENT	O&M	SERVICE (2)	TOTAL (3)	
	Single Family	286		286	1.00	286.00	100.00%	$422,391.30		$652,757.82	$1,476.89	$2,282.37	$3,759.26	
	     286 		286		286.00	100.00%	$422,391.30		$652,757.82				
	LESS: Hillsborough County Collection Costs and Early Payment Discount Costs			($33,791.30)		($52,220.63)				
	Net Revenue to be Collected						   $388,600.00 		$600,537.19				

(1)	

Reflects the number of total lots with Series 2006 debt outstanding.									
(2)	Annual debt service assessment per lot adopted in connection with the Series 2006 bond issue. Annual assessment includes principal, interest, Hillsborough County collection costs and early payment discount costs.		

(3)	Annual assessment that will appear on November 2014 Hillsborough County property tax bill. Amount shown includes all applicable collection costs. Property owner is eligible for a discount of up to 4% if paid early.