THE CROSSINGS at FLEMING ISLAND

Transcription

1 THE CROSSINGS at FLEMING ISLAND Community Development District July 26, 2018

2 The Crossings at Fleming Island Community Development District 475 West Town Place, Suite 114, St. Augustine, Florida P: (904) F: (904) July 18, 2018 Board of Supervisors The Crossings at Fleming Island Community Development District Dear Board Members: The regular meeting of the Board of Supervisors of The Crossings at Fleming Island Community Development District will be held July 26, 2018 at 6:00 p.m. at 2217 Eagle Harbor Parkway, Fleming Island, Florida. The following is the advance agenda for the meeting: I. Call to Order II. Pledge of Allegiance III. Roll Call IV. Public Comment V. Discussion of the Fiscal Year 2019 Budget VI. Management Team Reports A. District Counsel B. Tree Amigos Report C. Hampton Golf Report D. District Administrator E. District Manager & Operations Report VII. Financial Reports for June 30, 2018 A. Approval of Check Registers VIII. Approval of Minutes of the June 28, 2018 Meeting IX. Supervisors Requests and Audience Comments X. Adjournment The fifth order of business is discussion of the fiscal year 2019 budget. A copy of the budget is enclosed. District Counsel, Operations Manager and the Management Team will give their updates and reports at the meeting.

3 Enclosed you will find a copy of the financial reports and check registers for the period ending June 30, 2018 for approval. A copy of the draft minutes of the June 28, 2018 meeting is enclosed for your review and approval. The balance of the agenda is routine in nature. Any additional support material will be presented and discussed at the meeting. If you have any questions, please contact me. Sincerely, David denagy David denagy District Administrator 2

4 AGENDA

5 Agenda Thursday July 26, Eagle Harbor Parkway 6:00 p.m. Fleming Island, Florida I. Call to Order II. III. IV. Pledge of Allegiance Roll Call Public Comment V. Discussion of the Fiscal Year 2019 Budget VI. Management Team Reports A. District Counsel B. Tree Amigos Report C. Hampton Golf Report D. District Administrator E. District Manager & Operations Report VII. Financial Reports for June 30, 2018 A. Approval of Check Registers VIII. IX. Approval of Minutes of the June 28, 2018 Meeting Supervisors Requests and Audience Comments X. Adjournment

6 FIFTH ORDER OF BUSINESS

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43 SIXTH ORDER OF BUSINESS

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45 ! July 5th, 2018 Governmental Management Services, LLC. 475 West Town Place, STE #114 St. Augustine, FL Attn: Dave DeNagy, Steve Andersen, Courtney Hogge Dave, Steve and Courtney, Please find below maintenance services provided to The Crossings by Tree Amigos for June 1st through June 30th 2018: Routine landscape maintenance services executed according to schedule. Retreat of certain areas with Top-Choice insecticide on Bermuda turf to target fire ants and mole crickets. 2nd application of Arena applied to all St. Augustine turf for Chinch Bug control. Bermuda turf fertilizer application to thin areas using as a boost along with iron for green up. First couple weeks in June consisted of consistent rainfall as a carry over from May. We were able to keep irrigation run cycles to a minimum. Summer annual flowers were installed throughout entire project on 6/15/18. New soil added as needed in select areas. Tennis ball flower display installed last week of month. Mowing height on turf remains consistent for the growing season at 1 and 3/4 for the Bermuda, 3 for Bahia, and 4 for St. Augustine. Growth regulator applied to select Bahia areas to promote lateral turf growth and improve health/vigor. Will continue to monitor rainfall and adjust irrigation accordingly. Will also be applying moisture control products to ornamentals as needed pending continuous observation of plant health and disease. As always, we are highly dedicated in our efforts to sustain and enhance the unique landscape throughout Eagle Harbor for all its Members, Residents, and Guests to enjoy and be proud of. Thank you, Tree Amigos Highway 17 #235 Fleming Island, FL Office: (904) Fax: (904)

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47 TALONS AND GOLF PERFORMANCE REPORT JUNE 2018 Executive Summary: Revenues were up versus budget even after aerification of the golf course. Nice job to team for generating revenues. Stressed to the team that these next few summer months can make or break our budget. Need to make up $33K in four month. Working with marketing team to create a Member Refferal program and Trial Membership programs. New menu is very close to being completed. Still getting pricing from Cheney Brothers along with menu covers. Made up approx. $6K in NOI for June. This was very much needed based on the horrible month of May with so much rain. Jun-18 Year to Date Consolidated MTD Consolidated MTD Actual MTD Budget Variance YTD Actual YTD Budget YTD Variance Revenue $217,717 $208,230 $9,487 Revenue $2,064,039 $2,100,033 ($35,994) COGS $51,179 $40,055 $11,124 COGS $433,677 $430,653 $3,024 Expenses $195,208 $203,108 ($7,900) Expenses $1,736,351 $1,742,370 ($6,019) NOI ($28,670) ($34,933) $6,263 NOI ($105,989) ($72,990) ($32,999) Capital Expenses $0 $0 $0 Capital Expenses $31,725 $0 $0 Month to Date Year to Date Golf MTD Golf MTD Actual MTD Budget Variance YTD Actual YTD Budget YTD Variance Revenue $114,004 $114,622 ($618) Revenue $1,055,135 $1,136,185 ($81,050) COGS $6,827 $8,000 ($1,173) COGS $68,599 $95,635 ($27,036) Course Maint. $64,880 $66,526 ($1,646) Course Maint. $555,326 $526,535 $28,791 Admin Expense $30,671 $25,450 $5,221 Admin Expense $238,843 $219,824 $19,019 Golf Expenses $27,049 $33,651 ($6,602) Golf Expenses $254,169 $306,125 ($51,956) NOI ($15,423) ($19,004) $3,581 NOI ($61,802) ($11,935) ($49,867) Capital Expenses $0 $0 $0 Capital Expenses $0 $0 $0 Month to Date Year to Date Talons MTD Talons MTD Actual MTD Budget Variance YTD Actual YTD Budget YTD Variance Revenue $103,713 $93,608 $10,105 Revenue $1,008,904 $963,848 $45,056 COGS $ 44,352 $ 32,055 $12,297 COGS $365,078 $335,018 $30,060 Admin Expenses $ 25,096 $ 20,822 $4,274 Admin Expenses $195,418 $179,856 $15,562 FB Expenses $47,512 $56,660 ($9,148) FB Expenses $492,595 $510,029 ($17,434) NOI ($13,247) ($15,929) $2,682 NOI ($44,187) ($61,055) $16,868 Capital Expenses $0 $0 $0 Capital Expenses $0 $0 $0 Membership Counts Talons COGS (goal 36%) Oct 148 Apr 157 Oct 31% Apr 34% Nov 148 May 115 Nov 39% May 34% Dec 155 June 110 Dec 36% June 43% Jan 158 July 0 Jan 38% July 0% Feb 156 Aug 0 Feb 37% Aug 0% Mar 157 Sept 0 Mar 37% Sept 0% 43 Range plans at $49= $2,107 3 Family plans at $75 = $$225 5 resignations still show on our current. Paul investigating

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49 Crossings at Fleming Island Community Development District District Manager s Office 2105 Harbor Lake Dr, Fleming Island, Florida Date: July 2018 To: From: Re: CROSSINGS AT FLEMING ISLAND CDD, BOARD OF SUPERVISORS Steve Andersen, District Manager Crossings Monthly Facility Report Amenity Centers: 1. Swim Park a. New splash pad is being redesigned and engineered. Construction will start after Swim park closes 2. Tennis Center a. BAB Tennis will start construction of hydro courts July 30 th. 3. Waterfront Park a. New ceiling fans installed 4. Talons a. Roof replacement is tentative scheduled for end of August and will be complete in 5 weeks. 5. Golf Course a. New fountain was installed and greens are much improved. Common Areas & Retention Ponds: 1. All lakes have been treated and inspected by the Lake Doctors. 2. Brookstone fishing dock was replaced Landscaping: 1. Invasive skunk vines are being cut at the base when time allows. Working with SJRWMD and FFWCC Misc: 1. Answered numerous phone calls, s and visits from residents, contractors, vendors and other persons with inquiries. The subjects included, CCUA billing and repairs, golf course maintenance, easement encroachments, nutria, alligators, lake maintenance, FEMA, directions, repairs, drainage (both County and CDD owned), dead trees, vandalism, security, etc 2. Facilities are inspected on a weekly basis.

50 SEVENTH ORDER OF BUSINESS

51 The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT COMBINED BALANCE SHEET June 30, 2018 ASSETS: Governmental Funds Proprietary Funds Debt Capital Water/ Golf Swim & Totals General Reserve Service Projects Sewer Fund Tennis FY2018 Cash - Wells Fargo $136,072 $749, $64,295 $70,664 $305,860 $1,326,226 Cash - BB&T $410, $410,765 Petty Cash $1,200 $900 $2,100 Accounts Receivable $84,586 $38,082 $26,928 $149,597 Investments: Operations: State Board $1,900, $1,251,133 $ $3,151,780 State Board - Unforeseen Exp $2,209, $2,209,178 Series 1999 Reserve $108, $108,608 Interest $2 --- $2 Revenue $0 --- $0 Operating Reserves $49, $49,075 Sinking $6 --- $6 Series 2007/2016 Refunding/2017 Reserve $ $1 Interest $ $0 Surplus $328, $328,492 Rate Stabilization $263, $263,468 Renewal & Replacement $288, $288,425 Revenue $2, $2,787 Interest $225, $225,856 Redemption - Tax Exempt $489, $489,075 Redemption - Taxable $150, $150,513 Series A-1/A-2 Reserve A $1,048, $1,048,219 Revenue $604, $604,304 Prepayment A $ $191 Reserve A $395, $395,516 Prepayment A $ $0 Series A-3 Reserve A $386, $386,142 Revenue $196, $196,844 Prepayment A $ $0 Construction - A $187, $187,848 Series 2017 Reserve $33, $33,466 Interest $25, $25,013 Revenue $ $971 Construction $5, $5,688 COI $ $0 Inventory $114,174 $21,865 $136,040 Due from General --- $3,488 $12, $0 $15,620 Due from Other $3,090 $ $6, $9,184 Due from S&T - Boat Storage Rev $8, $8,371 Due from Golf Course - Loan $85, $85,800 Due from Golf Course $ $68 Prepaid Expenses $ $42,892 $4,181 $47,073 Deposits $35, $9,195 $0 $44,195 Fixed Assets $11,695,448 $5,303, $16,998,594 TOTAL ASSETS $4,378,004 $752,824 $2,702,797 $193,536 $15,260,936 $5,737,266 $359,735 $29,385,099 #REF! LIABILITIES: $4,378,004 $351,364 Accounts Payable $33,274 $ $313,934 $142,977 $43,500 $533,686 Accrued Payroll/Bonuses $63,975 $46,709 $110,684 Member Liability $42, $42,066 Due to General Fund $0 $8,371 $8,371 Due to General Fund - Loan $85, $85,800 Due to Debt Service $12, $12,132 Due to Reserve $3, $3,488 Deferred Income $47,339 $37,355 $84,694 Deposits Payable $4, $254,888 $0 $10,125 $269,386 Accrued Interest Payable - Bonds $223,092 $2,120, $2,343,475 Accrued Principal Payable $637,500 $1,993, $2,631,250 Maintenance Warranties $5, $5,739 Bonds Payable $3,360, $3,360,000 Bonds Payable Ref $23,410, $23,410,000 FUND BALANCES: Assigned for General Fund $2,209, $2,209,178 Restricted for Debt Service $2,702, $2,702,797 Restricted for Capital Projects $193, $193,536 Restricted for Water Sewer $254, $254,888 Nonspendable $246, $246,826 Unassigned $1,868,732 $752, ($9,839,103) ($2,119,023) $213,674 ($9,122,897) TOTAL LIABILITIES & FUND EQUITY & OTHER CREDITS $4,378,004 $752,824 $2,702,797 $193,536 $15,260,936 $5,737,266 $359,735 $29,385,099-1-

52 9 The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND Statement of Revenues & Expenditures For The Period Ending June 30, 2018 REVENUES: ADOPTED PRORATED BUDGET ACTUAL BUDGET THRU 6/30/18 THRU 6/30/18 VARIANCE Special Assessment $2,931,456 $2,931,456 $3,126,895 $195,439 Boat/RV Storage Fees $95,000 $71,250 $70,166 ($1,084) Interest Income $18,000 $13,500 $44,270 $30,770 Rental/Internet Income $2,680 $2,010 $1,787 ($223) TOTAL REVENUES $3,047,136 $3,018,216 $3,243,117 $224,901 EXPENDITURES: ADMINISTRATIVE: Supervisors Fees $21,000 $15,750 $7,800 $7,950 FICA $1,607 $1,205 $597 $608 District Manager - Salary $0 $0 $10,000 ($10,000) District Manager - FICA $0 $0 $996 ($996) Engineering $5,000 $3,750 $1,000 $2,750 Arbitrage $3,600 $2,700 $0 $2,700 Dissemination Agent $1,300 $975 $1,500 ($525) Attorney Fees $30,362 $22,772 $21,527 $1,244 Audit $3,612 $2,709 $0 $2,709 Trustee/Banking Fees $11,000 $11,000 $14,951 ($3,951) Management Fees $117,729 $88,297 $83,932 $4,365 Computer Time $1,000 $750 $750 $0 Telephone $300 $225 $21 $204 Postage $2,600 $1,950 $858 $1,092 Printing & Binding $2,100 $1,575 $1,028 $547 Insurance $62,000 $62,000 $61,179 $821 Legal Advertising $3,600 $2,700 $844 $1,856 Other Current Charges $8,250 $6,188 $2,522 $3,665 Property Taxes $0 $0 $517 ($517) Office Supplies $1,300 $975 $1,824 ($849) Dues, Licenses, Subscriptions $175 $175 $175 $0 MAINTENANCE: Landscape Maintenance - Contract $806,775 $605,082 $579,751 $25,330 Landscape Maintenance - Contingency $80,000 $60,000 $32,507 $27,493 Lake Maintenance $83,038 $62,279 $59,692 $2,587 Cost Sharing Agreement $13,000 $9,750 $5,079 $4,671 Facility/Preventative Maintenance $150,000 $112,500 $78,339 $34,161 Utilities $131,000 $98,250 $85,816 $12,434 Operating Reserves $0 $0 $0 $0 Security $16,158 $12,119 $15,790 ($3,672) PR Processing Fees $0 $0 $177 ($177) Contingencies $0 $0 $365 ($365) TOTAL EXPENDITURES $1,556,506 $1,185,673 $1,069,536 $116,137 OTHER SOURCES/(USES): Interfund Transfer Out - SBA Reserve ($54,000) $0 $0 $0 Interfund Transfer Out - Swim & Tennis ($1,286,630) ($964,973) ($958,973) $6,000 Interfund Transfer Out - Golf Course ($150,000) ($94,000) ($94,000) $0 TOTAL OTHER ($1,490,630) ($1,058,973) ($1,052,973) $6,000 EXCESS REVENUES (EXPENDITURES) $0 $1,120,609 FUND BALANCE - Beginning $0 $3,204,127 FUND BALANCE - Ending $0 $4,324,736 Page 2

53 9 The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT CAPITAL RESERVE FUND Statement of Revenues & Expenditures For The Period Ending June 30, 2018 REVENUES: ADOPTED PRORATED BUDGET ACTUAL BUDGET THRU 6/30/18 THRU 6/30/18 VARIANCE Special Assessments - Tax Collector $764,224 $764,224 $815,270 $51,046 Misc Income $0 $0 $9,500 $9,500 TOTAL REVENUES $764,224 $764,224 $824,770 $60,546 EXPENDITURES: Capital Outlay $763,974 $572,981 $384,357 $188,623 Other Current Charges $250 $188 $0 $188 TOTAL EXPENDITURES $764,224 $573,168 $384,357 $188,811 OTHER SOURCES/(USES): Interfund Transfer In $0 $0 $0 $0 Interfund Transfer Out $0 $0 $0 $0 TOTAL OTHER $0 $0 $0 $0 EXCESS REVENUES (EXPENDITURES) $0 $440,413 FUND BALANCE - Beginning $0 $312,411 FUND BALANCE - Ending $0 $752,824 Page 3

54 The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND Series 2014 A-1/A-2 Special Assessment Refunding Bonds Statement of Revenues & Expenditures For The Period Ending June 30, 2018 ADOPTED PRORATED ACTUAL BUDGET THRU 6/30/18 THRU 6/30/18 VARIANCE REVENUES: Special Assessments - Tax Collector (A/1-2) $2,560,664 $2,560,664 $2,566,234 $5,570 Interest Income $0 $0 $24,955 $24,955 TOTAL REVENUES $2,560,664 $2,560,664 $2,591,189 $30,525 EXPENDITURES: Series 2014 A-1 Interest Expense - 11/1 $423,884 $423,884 $419,272 $4,612 Principal Expense - 5/1 $1,260,000 $1,260,000 $1,260,000 $0 Interest Expense - 5/1 $423,884 $423,884 $419,047 $4,837 Special Call - 11/1 $0 $0 $10,000 ($10,000) Special Call - 5/1 $0 $0 $85,000 ($85,000) Series 2014 A-2 Interest Expense - 11/1 $117,250 $117,250 $117,250 $0 Principal Expense - 5/1 $165,000 $165,000 $165,000 $0 Interest Expense - 5/1 $117,250 $117,075 $117,075 $0 Special Call - 11/1 $0 $0 $5,000 ($5,000) Special Call - 5/1 $0 $0 $5,000 ($5,000) TOTAL EXPENDITURES $2,507,268 $2,507,093 $2,602,644 ($85,551) EXCESS REVENUES (EXPENDITURES) $53,396 ($11,454) FUND BALANCE - Beginning $694,907 $2,070,234 FUND BALANCE - Ending $748,303 $2,058,779 Page 4

55 The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND Series 2014 A-3 Special Assessment Refunding Bonds Statement of Revenues & Expenditures For The Period Ending June 30, 2018 ADOPTED PRORATED ACTUAL BUDGET THRU 6/30/18 THRU 6/30/18 VARIANCE REVENUES: Special Assessments - Tax Roll $384,028 $384,028 $384,863 $835 Interest Income $0 $0 $4,421 $4,421 TOTAL REVENUES $384,028 $384,028 $389,284 $5,257 EXPENDITURES: Series 2014 A-3 Interest Expense - 11/1 $157,625 $157,625 $157,625 $0 Principal Expense - 5/1 $70,000 $70,000 $70,000 $0 Interest Expense - 5/1 $157,625 $157,625 $157,463 $163 Special Call - 11/1 $0 $0 $5,000 ($5,000) TOTAL EXPENDITURES $385,250 $385,250 $390,088 ($4,838) EXCESS REVENUES (EXPENDITURES) ($1,222) ($803) FUND BALANCE - Beginning $203,802 $585,372 FUND BALANCE - Ending $202,580 $584,568 Page 5

56 The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND Series 2017 Special Assessment Revenue Bonds Statement of Revenues & Expenditures For The Period Ending June 30, 2018 PROPOSED PRORATED ACTUAL BUDGET THRU 6/30/18 THRU 6/30/18 VARIANCE REVENUES: Special Assessments - Tax Roll $0 $0 $0 $0 Interest Income $0 $0 $749 $749 TOTAL REVENUES $0 $0 $749 $749 EXPENDITURES: Series 2017 Interest Expense - 11/1 $0 $0 $20,983 ($20,983) Interest Expense - 5/1 $0 $0 $25,013 ($25,013) Principal Expense - 5/1 $0 $0 $0 $0 TOTAL EXPENDITURES $0 $0 $45,995 ($45,995) EXCESS REVENUES (EXPENDITURES) $0 ($45,246) FUND BALANCE - Beginning $0 $104,695 FUND BALANCE - Ending $0 $59,449 Page 6

57 The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT CAPITAL PROJECTS FUND Series 2014 A-3 Special Assessment Refunding Bonds Statement of Revenues & Expenditures For The Period Ending June 30, 2018 ADOPTED PRORATED ACTUAL BUDGET THRU 6/30/18 THRU 6/30/18 VARIANCE REVENUES: Interest Income $0 $0 $1,279 $1,279 TOTAL REVENUES $0 $0 $1,279 $1,279 EXPENDITURES: Improvements $0 $0 $0 $0 Cost of Issuance $0 $0 $0 $0 TOTAL EXPENDITURES $0 $0 $0 $0 OTHER SOURCES/(USES): Interfund Transfer Out $0 $0 $0 $0 TOTAL OTHER $0 $0 $0 $0 EXCESS REVENUES (EXPENDITURES) $0 $1,279 FUND BALANCE - Beginning $0 $186,569 FUND BALANCE - Ending $0 $187,848 Page 7

58 The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT CAPITAL PROJECTS FUND Series 2017 Special Assessment Revenue Bonds Statement of Revenues & Expenditures For The Period Ending June 30, 2018 ADOPTED PRORATED ACTUAL BUDGET THRU 6/30/18 THRU 6/30/18 VARIANCE REVENUES: Interest Income $0 $0 $49 $49 TOTAL REVENUES $0 $0 $49 $49 EXPENDITURES: Improvements $0 $0 $0 $0 Cost of Issuance $0 $0 $0 $0 TOTAL EXPENDITURES $0 $0 $0 $0 EXCESS REVENUES (EXPENDITURES) $0 $49 FUND BALANCE - Beginning $0 $5,639 FUND BALANCE - Ending $0 $5,688 Page 8

59 The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT WATER/SEWER FUND Statement of Revenues & Expenditures For The Period Ending June 30, 2018 REVENUES: ADOPTED PRORATED ACTUAL BUDGET THRU 6/30/18 THRU 6/30/18 VARIANCE Water Revenue $1,000,000 $750,000 $815,004 $65,004 Wastewater Revenue $1,830,000 $1,372,500 $1,460,041 $87,541 Reuse Water Revenue $650,000 $487,500 $524,113 $36,613 Service Charges $0 $0 $64,439 $64,439 Debt Service Recovery Fee $1,781,705 $1,336,279 $1,386,279 $50,000 Interest/Misc. Income $3,000 $2,250 $21,876 $19,626 TOTAL REVENUES $5,264,705 $3,948,529 $4,271,752 $323,223 EXPENDITURES: ADMINISTRATIVE: Engineering $1,000 $0 $0 $0 Dissemination Agent $1,000 $750 $750 $0 Attorney Fees $24,500 $18,375 $17,407 $968 Annual Audit $2,224 $0 $0 $0 Trustee Fees $8,500 $8,500 $8,095 $405 Management Fees $58,880 $44,160 $38,066 $6,094 Computer Time $500 $375 $0 $375 Travel & Per Diem $500 $375 $0 $375 Postage $350 $263 $722 ($460) Printing & Binding $500 $375 $0 $375 Insurance $36,500 $36,500 $36,401 $99 Legal Advertising $1,000 $750 $0 $750 Office Supplies $0 $0 $0 $0 Other Current Charges $10,000 $7,500 $11,524 ($4,024) WATER/WASTEWATER: Service Charges $65,000 $48,750 $64,233 ($15,483) Meter Expenses $1,000 $750 $0 $750 Electric $35,000 $26,250 $22,203 $4,047 Purchased Water $1,000,000 $750,000 $817,484 ($67,484) Alternative Water Supply $41,960 $31,470 $33,301 ($1,831) Purchased Wastewater $1,830,000 $1,372,500 $1,459,910 ($87,410) Purchased Reclaimed Water $143,000 $107,250 $153,403 ($46,153) Repairs & Maintenance $15,000 $11,250 $17,158 ($5,908) Capital Outlay $5,000 $3,750 $0 $3,750 Contingency $10,000 $7,500 $0 $7,500 TOTAL EXPENDITURES $3,291,414 $2,477,393 $2,680,657 ($203,264) Net Income before Debt Service $1,973,291 $1,591,095 DEBT SERVICE/OTHER SOURCES (USES): Principal Expense ($850,000) ($637,500) ($637,500) $0 Interest Expense ($892,368) ($669,276) ($669,277) ($1) Interfund Transfer Out $0 $0 $0 $0 TOTAL OTHER ($1,742,368) ($1,306,776) ($1,306,777) ($1) TOTAL EXPENDITURES $5,033,782 ($3,784,169) ($3,987,433) ($203,265) EXCESS REVENUES (EXPENDITURES) $230,923 $284,319 FUND BALANCE - Beginning $0 ($9,868,535) FUND BALANCE - Ending $230,923 ($9,584,216) Page 9

60 3 The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT GOLF FUND Statement of Revenues & Expenditures For The Period Ending June 30, 2018 REVENUES: ADOPTED PRORATED BUDGET ACTUAL CURRENT BUDGET THRU 6/30/18 THRU 6/30/18 VARIANCE MONTH User Fees - Dues $375,115 $278,730 $216,781 ($61,949) $24,898 # Greens/Cart Fees $857,113 $712,025 $681,031 ($30,994) $72,944 # Merchandise/Food/Beverage Sale $1,336,891 $1,042,348 $1,088,888 $46,540 $106,191 # Rental Revenue $37,431 $28,178 $23,435 ($4,742) $8,217 # Membership Income - Other Fees $55,411 $0 $2,718 $2,718 $303 # Miscellaneous Income $48,700 $38,754 $51,828 $13,074 $5,201 # Interest Income $0 $0 $1,101 $1,101 $38 # TOTAL REVENUES $2,710,661 $2,100,035 $2,065,783 ($34,252) $217,791 COST OF GOODS SOLD: Cost of Goods Sold $545,735 $430,653 $433,936 $3,283 $51,975 GROSS PROFIT $2,164,926 $1,669,382 $1,631,847 ($37,535) $165,816 EXPENDITURES: Operating Expenses: Salaries $1,066,882 $799,973 $778,119 $21,853 $78,823 # Commisions & Bonus $27,996 $20,997 $22,911 ($1,914) $2,783 Employee Expenses $206,921 $158,425 $154,289 $4,135 $18,091 # Employee Uniforms $5,200 $4,900 $1,913 $2,987 $257 Travel & Per Diem $1,000 $1,000 $1,263 ($263) $500 # Training $2,154 $2,154 $1,580 $574 $0 Employee Advertising $50 $50 $724 ($674) $8 Janitorial Expense/Supplies $5,400 $4,300 $1,664 $2,636 ($325) Tournaments & Events $30,609 $25,609 $30,883 ($5,275) $2,817 Centralized Services $68,475 $57,485 $54,900 $2,584 $6,663 Course & Grounds Maintenance $20,043 $15,143 $11,325 $3,818 $841 Repairs - Equipment $23,762 $17,154 $28,912 ($11,757) $3,553 Repairs - Buildings $12,545 $9,164 $1,885 $7,279 $14 Operating Supplies $87,057 $67,882 $63,685 $4,197 $10,535 Office Supplies $2,874 $2,046 $2,577 ($531) $105 # Postage $866 $582 $273 $309 $12 Printing & Reproduction $1,200 $900 $0 $900 $0 Utility Services $86,323 $58,409 $51,297 $7,113 $6,499 # Gas/Oil/Propane $40,232 $28,359 $34,277 ($5,918) $5,455 # Refuse & Potables $13,707 $9,426 $13,385 ($3,959) $2,321 Telephone $16,763 $6,886 $14,779 ($7,894) $1,245 Security/Pest Control $4,843 $3,400 $7,915 ($4,515) $815 Music & Cable Service $6,319 $5,419 $6,700 ($1,281) $813 Dues and Subscriptions $11,838 $8,194 $3,376 $4,818 $82 Chemicals $51,000 $42,000 $25,060 $16,940 $6,455 Fertilizer - Course $47,000 $40,000 $15,661 $24,339 $2,126 Sand, Seed & Dressing $15,000 $11,250 $28,938 ($17,688) $3,176 Small Tools $1,466 $966 $896 $70 $0 # Licenses/Permits $3,160 $1,040 $667 $373 $25 # Bad Debt Expense $0 $0 ($1,750) $1,750 $0 Cash Short/Over $0 $0 ($80) $80 ($8) Miscellaneous $0 $3,960 $417 $3,543 $35 Trustee Fees $50,189 $38,701 $40,459 ($1,758) $5,492 Shrinkage $0 $0 $1,441 ($1,441) $0 Aerification $5,280 $0 $0 $0 $0 Management Fees - Hampton Golf $86,400 $64,800 $64,800 $0 $7,200 # Rentals & Leases $207,702 $155,619 $170,415 ($14,796) $18,917 # Lake Maintenance $27,600 $20,700 $20,700 $0 $2,300 Insurance $25,960 $19,156 $19,680 ($523) $2,286 # Other Current Charges $20,958 $16,136 $39,045 ($22,908) $3,549 # Management Fees - GMS $23,100 $17,325 $17,277 $48 $1,210 Attorney Fees $2,460 $1,431 $2,137 ($706) $388 Audit $3,264 $1,431 $2,163 ($732) $367 TOTAL EXPENDITURES $2,313,598 $1,742,371 $1,736,559 $5,813 $195,423 Net Income before Non-Operating Expenses ($148,672) ($104,712) ($29,607) Non-Operating Income/(Expenses): Interfund Transfer In $150,000 $94,000 $94,000 $0 $0 Principal Expense ($325,000) ($243,750) ($243,750) $0 ($27,083) Interest Expense ($182,820) ($137,115) ($137,115) $0 ($15,235) # Other Expenses $0 $0 ($59,982) ($59,982) ($9,606) TOTAL NON-OPERATING ($357,820) ($380,865) ($346,847) ($59,982) ($51,925) EXCESS REVENUES (EXPENDITURES) ($506,492) ($451,559) ($81,532) FUND BALANCE - Beginning $0 ($1,667,464) FUND BALANCE - Ending ($506,492) ($2,119,023) Page 10

61 1 1 REVENUES: ADOPTED PRORATED BUDGET ACTUAL CURRENT BUDGET THRU 6/30/18 THRU 6/30/18 VARIANCE MONTH User Fees $86,000 $61,520 $79,998 $18,478 $8,326 Lesson Income Tennis $160,000 $117,300 $93,730 ($23,570) $7,184 CDD Lesson Income $21,000 $14,886 $13,611 ($1,275) $2,788 Merchandise/Food/Beverage Sale $100,000 $68,975 $66,829 ($2,146) $25,189 TOTAL REVENUES $367,000 $262,681 $254,168 ($8,513) $43,487 COST OF GOODS SOLD: Cost of Goods Sold $50,000 $32,448 $41,246 ($8,798) $13,898 GROSS PROFIT $317,000 $230,233 $212,922 ($17,311) $29,589 EXPENDITURES: Operating Expenses: Salaries $745,720 $541,030 $489,300 $51,730 $105,458 Employee Expenses $175,100 $123,695 $90,369 $33,326 $15,912 Employee Education & Training $2,500 $2,500 $5,612 ($3,112) $754 Lessons Paid Out $160,000 $117,300 $93,730 $23,570 $7,184 Promotional Activities $65,000 $52,185 $47,807 $4,378 $2,991 Repairs & Maintenance $85,000 $64,239 $37,371 $26,869 $3,148 Other Contractual $10,000 $4,579 $16,038 ($11,460) $1,234 Communications and Freight $17,000 $12,759 $11,574 $1,184 $779 Customer Service & Advertising $31,000 $23,250 $23,614 ($364) $2,575 Operating Supplies $20,750 $16,504 $18,816 ($2,312) $5,701 Office Supplies $16,000 $16,710 $16,824 ($114) $954 Printing & Binding $1,000 $750 $496 $254 $0 Utility Services $120,510 $85,410 $76,051 $9,359 $12,752 Gas/Oil/Propane $43,200 $35,756 $5,980 $29,776 $713 Books/Publications/Subs/Memberships $2,000 $2,000 $1,814 $186 $0 Chemicals $51,450 $35,585 $26,848 $8,737 $3,112 Licenses/Permits $2,400 $1,950 $1,812 $138 $50 Shrinkage $0 $0 $46 ($46) $0 Cash Short/Over $0 $0 $138 ($138) ($6) Trustee Fees $11,000 $7,200 $8,687 ($1,488) $1,353 Rentals & Leases $5,700 $4,275 $698 $3,577 $0 Misc Expenses $0 $0 $0 $0 $0 Management Fees - Hampton Golf $37,080 $27,810 $21,285 $6,525 $285 Insurance $1,200 $1,000 $0 $1,000 $0 Taxes $20 $0 $126 ($126) $38 TOTAL EXPENDITURES $1,603,630 $1,176,487 $995,040 $181,447 $164,985 Non-Operating Income/Expenses: The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT SWIM & TENNIS FUND Statement of Revenues & Expenditures For The Period Ending June 30, 2018 Interfund Transfer In $1,286,630 $803,381 $958,973 $155,591 $104,219 Other Income $0 $0 $246 $246 $30 Nonrecurring & Capital Expenses $0 $0 ($1,523) ($1,523) $0 TOTAL NON-OPERATING $1,286,630 $803,381 $957,696 $154,315 $104,249 EXCESS REVENUES (EXPENDITURES) $0 $175,578 ($31,147) FUND BALANCE - Beginning $0 $38,096 FUND BALANCE - Ending $0 $213,674 Page 11

62 3 The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND Statement of Revenues & Expenditures For The Year Ending September 30, 2018 REVENUES: ADOPTED BUDGET Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 TOTAL Special Assessment $2,931,456 $529 $1,253,773 $1,327,978 $52,464 $44,965 $243,937 $81,353 $100,667 $21,232 $0 $0 $0 $3,126,895 Special Assessment - Direct $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Boat/RV Storage Fees $95,000 $0 $14,960 $7,510 $8,108 $8,345 $0 $15,738 $7,546 $7,958 $0 $0 $0 $70,166 Interest/Misc. Income $18,000 $3,228 $2,919 $3,239 $4,158 $4,221 $5,687 $6,450 $7,151 $7,216 $0 $0 $0 $44,270 Rental Income $2,680 $223 $223 $0 $223 $447 $223 $223 $223 $0 $0 $0 $0 $1,787 TOTAL REVENUES $3,047,136 $3,980 $1,271,875 $1,338,726 $64,953 $57,977 $249,847 $103,765 $115,587 $36,406 $0 $0 $0 $3,243,117 EXPENDITURES: ADMINISTRATIVE: Supervisors Fees $21,000 $0 $1,000 $0 $1,000 $2,000 $1,800 $1,000 $0 $1,000 $0 $0 $0 $7,800 FICA $1,607 $0 $77 $0 $77 $153 $138 $77 $0 $77 $0 $0 $0 $597 District Manager - Salary $0 $0 $0 $0 $0 $0 $0 $0 $0 $10,000 $0 $0 $0 $10,000 District Manager - FICA $0 $0 $0 $0 $0 $0 $0 $0 $0 $996 $0 $0 $0 $996 Engineering $5,000 $0 $0 $500 $0 $0 $0 $500 $0 $0 $0 $0 $0 $1,000 Arbitrage $3,600 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Dissemination Agent $1,300 $167 $167 $167 $167 $167 $167 $167 $167 $167 $0 $0 $0 $1,500 Attorney Fees $30,362 $2,397 $2,394 $2,394 $2,394 $2,394 $0 $4,767 $2,394 $2,394 $0 $0 $0 $21,527 Audit $3,612 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Trustee Fees $11,000 $11,234 $0 $0 $0 $0 $0 $0 $0 $3,717 $0 $0 $0 $14,951 Management Fees $117,729 $9,811 $9,811 $9,811 $9,811 $9,811 $9,811 $9,811 $9,811 $5,446 $0 $0 $0 $83,932 Computer Time $1,000 $83 $83 $83 $83 $83 $83 $83 $83 $83 $0 $0 $0 $750 Telephone $300 $0 $0 $0 $0 $0 $0 $0 $13 $8 $0 $0 $0 $21 Postage $2,600 $45 $135 $71 $66 $101 $63 $287 $11 $79 $0 $0 $0 $858 Printing & Binding $2,100 $55 $11 $179 $5 $110 $89 $40 $179 $360 $0 $0 $0 $1,028 Insurance $62,000 $61,179 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $61,179 Legal Advertising $3,600 $0 $0 $0 $0 $80 $0 $84 $680 $0 $0 $0 $0 $844 Other Current Charges $8,250 $365 $406 $313 $0 $0 $355 $537 $241 $304 $0 $0 $0 $2,522 Property Taxes $0 $0 $0 $0 $0 $0 $0 $0 $0 $517 $0 $0 $0 $517 Office Supplies $1,300 $0 $8 $8 $6 $8 $8 $8 $1,767 $14 $0 $0 $0 $1,824 Dues, Licenses, Subscriptions $175 $0 $175 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $175 MAINTENANCE: Landscape Maintenance - Contract $806,775 $63,630 $63,630 $63,630 $63,630 $65,380 $63,630 $64,130 $67,464 $64,630 $0 $0 $0 $579,751 Landscape Maintenance - Contingenc $80,000 $6,400 $8,450 $7,643 $1,450 $1,922 $98 $6,545 $0 $0 $0 $0 $0 $32,507 Lake Maintenance $83,038 $6,183 $6,183 $6,183 $6,183 $11,058 $6,183 $6,183 $6,183 $5,350 $0 $0 $0 $59,692 Cost Sharing Agreement $13,000 $0 $0 $0 $2,539 $0 $0 $2,539 $0 $0 $0 $0 $0 $5,079 Facility/Preventative Maintenance $150,000 $11,488 $13,774 $6,552 $2,042 $4,853 $13,629 $2,507 $11,568 $11,926 $0 $0 $0 $78,339 Utilities $131,000 $8,771 $9,601 $9,796 $9,822 $8,788 $9,601 $5,476 $14,313 $9,649 $0 $0 $0 $85,816 Operating Reserves $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Security $16,158 $1,040 $1,780 $1,839 $1,802 $1,800 $3,059 $1,750 $1,820 $900 $0 $0 $0 $15,790 PR Processing Fees $0 $0 $0 $0 $0 $0 $0 $0 $0 $177 $0 $0 $0 $177 Contingencies $0 $0 $0 $0 $365 $0 $0 $0 $0 $0 $0 $0 $0 $365 TOTAL EXPENDITURES $1,556,506 $182,847 $117,683 $109,168 $101,442 $108,707 $108,712 $106,490 $116,694 $92,632 $0 $0 $0 $1,069,536 OTHER SOURCES/(USES): Interfund Transfer In ($54,000) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Interfund Transfer Out - S&T ($1,286,630) ($107,219) ($107,219) ($107,219) ($107,219) ($107,219) ($107,219) ($107,219) ($104,219) ($104,219) $0 $0 $0 ($958,973) Interfund Transfer Out - Golf ($150,000) $0 $0 $0 $0 ($94,000) $0 $0 $0 $0 $0 $0 $0 ($94,000) TOTAL OTHER ($1,490,630) ($107,219) ($107,219) ($107,219) ($107,219) ($201,219) ($107,219) ($107,219) ($104,219) ($104,219) $0 $0 $0 ($1,052,973) EXCESS REV/(EXP) $0 ($286,086) $1,046,972 $1,122,339 ($143,708) ($251,949) $33,917 ($109,944) ($105,326) ($160,445) $0 $0 $0 $1,120,609

63 # The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT WATER/SEWER FUND Statement of Revenues & Expenditures For The Year Ending September 30, 2018 REVENUES: ADOPTED BUDGET Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 TOTAL Water Revenue $1,000,000 $85,497 $90,957 $95,773 $88,685 $86,304 $87,698 $89,333 $91,588 $99,169 $0 $0 $0 $815,004 Wastewater Revenue $1,830,000 $154,881 $155,123 $168,628 $158,466 $165,640 $161,141 $160,464 $158,385 $177,312 $0 $0 $0 $1,460,041 Reuse Water Revenue $650,000 $55,493 $59,294 $63,440 $53,807 $50,440 $57,151 $62,446 $58,982 $63,058 $0 $0 $0 $524,113 Admin Fees for W/S Operation $0 $6,837 $8,463 $6,238 $6,676 $6,729 $7,691 $4,817 $9,683 $7,305 $0 $0 $0 $64,439 Debt Service Recovery Fee $1,781,705 $152,503 $152,266 $153,586 $153,343 $153,335 $154,202 $155,993 $155,463 $155,589 $0 $0 $0 $1,386,279 Interest/Meter Fees $3,000 $1,219 $1,263 $1,722 $1,635 $1,881 $2,518 $3,405 $3,557 $4,676 $0 $0 $0 $21,876 TOTAL REVENUES $5,264,705 $456,431 $467,365 $489,388 $462,613 $464,330 $470,400 $476,459 $477,658 $507,108 $0 $0 $0 $4,271,752 EXPENDITURES: ADMINISTRATIVE: Engineering $1,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Dissemination Agent $1,000 $83 $83 $83 $83 $83 $83 $83 $83 $83 $0 $0 $0 $750 Attorney Fees $24,500 $1,934 $1,931 $1,932 $1,932 $1,932 $0 $3,883 $1,932 $1,932 $0 $0 $0 $17,407 Annual Audit $2,224 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Trustee/Bank Fees $8,500 $0 $0 $0 $8,095 $0 $0 $0 $0 $0 $0 $0 $0 $8,095 Management Fees $58,880 $4,907 $4,907 $4,907 $4,907 $4,907 $4,907 $4,907 $4,907 ($1,188) $0 $0 $0 $38,066 Computer Time $500 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Travel & Per Diem $500 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Postage $350 $83 $59 $111 $89 $59 $72 $102 $88 $59 $0 $0 $0 $722 Printing & Binding $500 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Insurance $36,500 $36,401 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $36,401 Legal Advertising $1,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Office Supplies $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Other Current Charges $10,000 $1,087 $1,248 $1,198 $2,024 $1,245 $1,087 $1,173 $1,290 $1,171 $0 $0 $0 $11,524 WATER/WASTEWATER: Service Charges $65,000 $6,837 $8,463 $6,238 $6,238 $6,961 $7,691 $4,817 $9,683 $7,305 $0 $0 $0 $64,233 Meter Expenses $1,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Purchased Water $1,000,000 $96,044 $92,379 $95,466 $95,466 $85,180 $83,982 $85,623 $87,878 $95,467 $0 $0 $0 $817,484 Purchased Wastewater $1,830,000 $154,881 $155,123 $168,628 $168,628 $155,347 $161,141 $160,464 $158,385 $177,312 $0 $0 $0 $1,459,910 Alternative Water Supply $41,960 $3,677 $3,679 $3,690 $3,690 $3,727 $3,716 $3,710 $3,710 $3,702 $0 $0 $0 $33,301 Purchased Reclaimed Water $143,000 $4,689 $15,533 $16,394 $580 $18,835 $23,014 $25,632 $25,763 $22,963 $0 $0 $0 $153,403 Repairs & Maintenance $15,000 $4,357 $1,161 $10,237 $0 $750 $0 $0 $653 $0 $0 $0 $0 $17,158 Electric $35,000 $2,459 $2,981 $2,722 $1,889 $1,718 $2,490 $2,543 $3,267 $2,134 $0 $0 $0 $22,203 Capital Outlay $5,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Contingency $10,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 DEBT SERVICE: $3,291,414 $317,439 $287,547 $311,606 $293,622 $280,743 $288,182 $292,937 $297,640 $310,941 $0 $0 $0 $2,680,657 Principal Expense ($850,000) ($70,833) ($70,833) ($70,833) ($70,833) ($70,833) ($70,833) ($70,833) ($70,833) ($70,833) $0 $0 $0 ($637,500) Interest Expense ($892,368) ($74,364) ($74,364) ($74,364) ($74,364) ($74,364) ($74,364) ($74,364) ($74,364) ($74,364) $0 $0 $0 ($669,277) Interfund Transfer out $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 TOTAL EXPENDITURES $5,033,782 $462,637 $432,744 $456,803 $438,820 $425,940 $433,379 $438,134 $442,837 $456,138 $0 $0 $0 $3,987,433 EXCESS REVENUES (EXPENDITURES) $230,923 ($6,206) $34,621 $32,584 $23,793 $38,390 $37,021 $38,324 $34,821 $50,970 $0 $0 $0 $284, V#1262 Excess transferred to Rate Surplus Account:

64 The Crossings at Fleming Island CDD GOLF COURSE Statement of Revenues & Expenditures For The Year Ending September 30, 2018 ADOPTED BUDGET Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 TOTAL REVENUES User Fees - Dues $375,115 $23,996 $24,861 $23,225 $23,413 $22,756 $23,298 $24,155 $26,179 $24,898 $0 $0 $0 $216,781 Greens/Cart Fees $857,113 $63,887 $69,003 $62,423 $41,203 $104,921 $98,645 $95,644 $72,362 $72,944 $0 $0 $0 $681,031 Merchandise/Food/Beverage Sale $1,336,891 $131,701 $116,689 $144,806 $83,124 $104,473 $137,284 $137,698 $126,922 $106,191 $0 $0 $0 $1,088,888 Rental Revenue $37,431 $555 ($158) $992 $126 $2,801 $7,265 $2,228 $1,410 $8,217 $0 $0 $0 $23,435 Membership Income - Other Fees $55,411 $6,458 $7,220 $6,562 $6,608 ($25,336) $297 $312 $295 $303 $0 $0 $0 $2,718 Miscellaneous Income $48,700 $9,225 $4,597 $4,694 $4,177 $4,922 $6,047 $6,624 $6,343 $5,201 $0 $0 $0 $51,828 Interest Income $0 $104 $101 $103 $113 $18 $32 $30 $562 $38 $0 $0 $0 $1,101 TOTAL REVENUES $2,710,661 $235,927 $222,313 $242,804 $158,765 $214,555 $272,868 $266,689 $234,073 $217,791 $0 $0 $0 $2,065,783 COST OF GOODS SOLD: Cost of Goods Sold $545,735 $44,282 $47,413 $54,852 $32,922 $43,862 $56,148 $53,988 $48,494 $51,975 $0 $0 $0 $433,936 GROSS PROFIT $2,164,926 $191,645 $174,899 $187,951 $125,843 $170,693 $216,720 $212,702 $185,578 $165,816 $0 $0 $0 $1,631,847 EXPENDITURES: Operating Expenses: Salaries $1,066,882 $92,817 $90,104 $85,738 $91,846 $68,603 $86,764 $88,735 $94,690 $78,823 $0 $0 $0 $778,119 Commisions & Bonus $27,996 $2,881 $2,982 $3,543 ($74) $2,463 $3,518 $2,483 $2,333 $2,783 $0 $0 $0 $22,911 Casual Labor $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Employee Expenses $206,921 $16,301 $17,203 $19,634 $18,191 $17,399 $16,272 $13,584 $17,617 $18,091 $0 $0 $0 $154,289 Employee Uniforms $5,200 $506 $560 $0 $0 $0 $69 $396 $126 $257 $0 $0 $0 $1,913 Automobile Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Travel & Per Diem $1,000 $0 $0 $0 $0 $485 $248 $87 $443 $0 $0 $0 $0 $1,263 Training $2,154 $580 $0 $0 $0 $500 $0 $0 $0 $500 $0 $0 $0 $1,580 Employee Advertising $50 $0 $169 $128 $0 $0 $419 $0 $8 $0 $0 $0 $0 $724 Janitorial Expense $5,400 $0 $464 $0 $201 $0 $176 $102 $1,046 ($325) $0 $0 $0 $1,664 Tournaments & Events $30,609 $3,028 $3,958 $3,127 $1,897 $1,883 $3,298 $2,500 $8,376 $2,817 $0 $0 $0 $30,883 Centralized Services $68,475 $4,806 $4,283 $3,753 $4,300 $8,621 $9,543 $6,583 $6,347 $6,663 $0 $0 $0 $54,900 Course & Grounds Maintenance $20,043 $1,344 $419 $670 $1,746 $550 $4,126 $0 $1,629 $841 $0 $0 $0 $11,325 Repairs - Equipment $23,762 $2,510 $2,814 $2,725 $2,856 $3,158 $4,735 $3,334 $3,226 $3,553 $0 $0 $0 $28,912 Repairs - Buildings $12,545 $0 $1,338 $0 $134 $7 ($105) $29 $469 $14 $0 $0 $0 $1,885 Operating Supplies $87,057 $8,240 $8,686 $4,515 $7,465 $5,745 $6,013 $5,975 $6,511 $10,535 $0 $0 $0 $63,685 Office Supplies $2,875 $19 $138 $152 $1,306 $185 $131 $8 $532 $105 $0 $0 $0 $2,577 Postage $866 $0 $61 $72 $44 $0 $66 $19 $0 $12 $0 $0 $0 $273 Printing & Reproduction $1,200 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Utility Services $86,323 $4,894 $6,465 $4,021 $10,004 $2,064 $5,177 $5,566 $6,608 $6,499 $0 $0 $0 $51,297 Gas/Oil/Propane $40,232 $3,002 $5,009 $2,908 $4,444 $2,433 $2,747 $4,157 $4,121 $5,455 $0 $0 $0 $34,277 Refuse & Potables $13,707 $815 $1,042 $1,869 $1,449 $1,960 $1,107 $1,202 $1,622 $2,321 $0 $0 $0 $13,385 Telephone $16,763 $1,794 $1,621 $1,193 $1,639 $1,886 $1,615 $1,478 $2,309 $1,245 $0 $0 $0 $14,779 Other Contractual Services $4,843 $1,518 $2,002 $1,696 $2,570 ($4,043) $1,042 $154 $2,162 $815 $0 $0 $0 $7,915 Music & Cable Service $6,319 $1,055 $1,056 $1,411 $715 $204 $27 $471 $947 $813 $0 $0 $0 $6,700 Dues and Subscriptions $11,838 $530 $1,021 $305 $614 $290 $322 $82 $132 $82 $0 $0 $0 $3,376 Chemicals $51,000 $4,203 $1,128 $1,459 $1,600 $132 $4,614 $3,327 $2,142 $6,455 $0 $0 $0 $25,060 Sand, Seed & Dressing $15,000 $1,067 $3,984 $4,849 $2,005 $4,962 $2,150 $5,258 $1,487 $3,176 $0 $0 $0 $28,938 Small Tools $1,466 $284 $0 $550 $0 $0 $63 $0 $0 $0 $0 $0 $0 $896 Licenses/Permits $3,160 $0 $0 $0 $348 $0 $0 $0 $294 $25 $0 $0 $0 $667 Bad Debt Expense $0 $0 $0 $0 $0 $0 ($1,750) $0 $0 $0 $0 $0 $0 ($1,750) Cash Short/Over $0 ($29) ($11) $16 $25 ($42) $4 ($29) ($8) ($8) $0 $0 $0 ($80) Miscellaneous $0 $0 $0 $125 $35 $152 $14 $157 ($101) $35 $0 $0 $0 $417 Trustee Fees $50,189 $3,648 $2,068 $3,331 $5,551 $4,484 $4,836 $5,516 $5,534 $5,492 $0 $0 $0 $40,459 Shrinkage $0 $344 $344 $344 $410 $0 $0 $0 $0 $0 $0 $0 $0 $1,441 Aerification $5,280 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Fertilizer - Course $47,000 $781 $907 $700 $0 $273 $7,896 $1,012 $1,965 $2,126 $0 $0 $0 $15,661

65 The Crossings at Fleming Island CDD GOLF COURSE Statement of Revenues & Expenditures For The Year Ending September 30, 2018 ADOPTED BUDGET Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 TOTAL Management Fees - Hampton Golf $86,400 $7,200 $7,200 $7,200 $7,200 $7,200 $7,200 $7,200 $7,200 $7,200 $0 $0 $0 $64,800 Rentals & Leases $207,702 $18,639 $18,870 $19,033 $18,940 $17,410 $19,138 $19,131 $20,338 $18,917 $0 $0 $0 $170,415 Insurance $25,960 $2,135 $2,135 $2,135 $2,135 $2,135 $2,135 $2,135 $2,451 $2,286 $0 $0 $0 $19,680 Other Current Charges $20,955 $1,613 $1,988 $7,741 $8,947 $4,427 $3,556 $3,542 $3,682 $3,549 $0 $0 $0 $39,045 Management Fees - GMS $23,100 $2,008 $2,008 $2,008 $2,008 $2,008 $2,008 $2,008 $2,008 $1,210 $0 $0 $0 $17,277 Attorney Fees $2,460 $195 $194 $194 $194 $194 $194 $194 $390 $388 $0 $0 $0 $2,137 Audit $3,264 $224 $224 $224 $224 $224 $224 $224 $224 $367 $0 $0 $0 $2,163 Lake Maintenance $27,600 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $0 $0 $0 $20,700 TOTAL EXPENDITURES $2,313,596 $191,253 $194,733 $189,669 $203,268 $160,251 $201,892 $188,918 $211,159 $195,415 $0 $0 $0 $1,736,559 Net Income before Non- Operating Expenses ($148,670) $392 ($19,833) ($1,718) ($77,425) $10,441 $14,828 $23,783 ($25,580) ($29,600) $0 $0 $0 ($104,712) Non-Operating Income/(Expenses): Interfund Transfer In $150,000 $0 $0 $0 $0 $94,000 $0 $0 $0 $0 $0 $0 $0 $94,000 Prinicpal Expense ($325,000) ($23,750) ($23,750) ($23,750) ($23,750) ($23,750) ($23,750) ($23,750) ($50,417) ($27,083) $0 $0 $0 ($243,750) Interest Expense ($182,820) ($16,913) ($16,913) ($16,913) ($16,913) ($16,913) ($16,913) ($16,913) ($3,493) ($15,235) $0 $0 $0 ($137,115) Other Expenses $0 $0 $0 ($11,535) ($750) $0 $0 ($16,202) ($21,888) ($9,606) $0 $0 $0 ($59,982) TOTAL NON-OPERATING ($357,820) ($40,663) ($40,663) ($52,198) ($41,413) $53,338 ($40,663) ($56,865) ($75,798) ($51,925) $0 $0 $0 ($346,847) EXCESS REVENUES (EXPENDITURES) ($506,490) ($40,271) ($60,496) ($53,915) ($118,838) $63,779 ($25,834) ($33,081) ($101,378) ($81,524) $0 $0 $0 ($451,559)

66 Crossings at Fleming Island Community Development District Series 2014 A-3 Special Assessment Refunding Bonds 1. Recap of Capital Project Fund Activity Through June 30, 2018 Opening Balance in Construction Account - Series 2014 A-3 $1,933, Source of Funds: Interest Earned on Series 2014 A-3 $1, Use of Funds: Disbursements: Aquatic Complexes ($852,481.62) Boardwalk/Sidewalk Improvements ($40,397.99) Food & Beverage Operations Expansion ($253,075.18) Fitness Center Improvements ($304,871.48) Professional Fees ($28,215.00) Cost of Issuance ($259,072.81) Transfer to Debt Service ($9,044.39) Adjusted Balance in Construction Account at June 30, 2018 $187, Funds Available For Construction at June 30, 2018 Book Balance of Construction Fund at June 30, 2018 $187, Investments - Wells Fargo Type Yield Due Maturity Principal Construction Fund: Overnight 0.0% $187, ADJ: Outstanding Requisitions $0.00 June 30, 2018 $187, Page 1

67 THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT TAX COLLECTIONS FISCAL YEAR ENDING SEPTEMBER 30, 2018 $2,931, $764, $3,695, ON ROLL: 79.32% 20.68% DATE RECEIVED GROSS TAX RECEIVED PRIOR YEAR GROSS TAX RECEIVED DISCOUNT & TAX COLLECTOR FEES PRIOR YEAR DISCOUNT & TAX COLLECTOR FEES INTEREST/ PENALTIES PRIOR YEAR INTEREST/ PENALTIES NET AMOUNT RECEIVED WF #2447 GENERAL FUND WELLS #2447 RESERVE FUND WELLS# 3920 TOTAL % 11/15/17 $ 396, $ 23, $ 373, , , , /30/17 $ 1,281, $ 74, $ 1,207, , , ,207, /12/17 $ 1,337, $ 80, $ 1,257, , , ,257, /21/17 $ 441, $ 24, $ 416, , , , /18/18 $ 69, $ 3, $ 66, , , , /20/18 $ 59, $ 2, $ 57, , , , /19/18 $ 76, $ 108, $ 5, $ 127, $ 307, , , , /12/18 $ 104, $ 2, $ 102, , , , /10/18 $ 129, $ 3, $ $ 126, , , , /10/18 $ 9, $ $ $ 9, , , , /27/18 $ 16, $ $ 16, , , , $ $ $ ,924, , , , , ,942, ,126, , ,942, % GENERAL DIRECT: PROPERTY OWNER AMOUNT INVOICED AMOUNT RECEIVED GENERAL FUND WELLS #2447 RESERVE FUND WELLS# 3920 TOTAL % Dreamfinders O&M $ 47, $ - $ - $ - $ % SPECIAL ASSESSMENT RESERVE TRANSFER FRM WF (GEN) #2447 TO WF (RES) #3920 Date Amount Method 11/17/17 $ 77, Transfer 12/07/17 $ 249, Transfer 12/12/17 $ 260, Transfer 02/13/18 $ 99, Transfer 02/23/18 $ 11, Transfer 05/15/18 $ 111, Transfer 06/29/18 $ 2, Transfer $ 811, To Transfer $ 3,488.46

68 THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT TAX COLLECTIONS FISCAL YEAR ENDING SEPTEMBER 30, 2018 $ 2,560, $ 384, $ 2,944, ON ROLL: % % % DATE RECEIVED GROSS TAX RECEIVED PRIOR YEAR GROSS TAX RECEIVED DISCOUNT & TAX COLLECTOR FEES PRIOR YEAR DISCOUNT & TAX COLLECTOR FEES INTEREST/ PENALTIES PRIOR YEAR INTEREST/ PENALTIES NET AMOUNT RECEIVED WACH # A1/2 US BANK # A3 US BANK # /15/17 $ 303, $ 18, $ 285, , , , /29/17 $ 855, $ 52, $ 802, , , ,010, /12/17 $ 1,172, $ 68, $ 1,104, , , ,361, /21/17 $ 332, $ 19, $ 312, , , , /18/18 $ 58, $ 2, $ 55, , , , /20/18 $ 44, $ 1, $ 42, , , , /19/18 $ 91, $ 4, $ 86, , , , /12/18 $ 92, $ 1, $ 90, , , , /10/18 $ 152, $ 2, $ $ 149, , , , /10/18 $ 9, $ $ $ 9, , , , /27/18 $ 11, $ $ 12, , , , $ $ $ TOTALS 3,122, , ,938, ,566, , % SPECIAL ASSESSMENT TRANSFERS TO REVENUE ACCOUNTS Series 2014A1/2 Series 2014A3 Date Amount Amount Method 11/17/17 $ 247, $ 37, Wire 12/7/17 $ 698, $ 104, Wire 12/21/17 $ 960, $ 143, Wire 2/13/18 $ 320, $ 47, Wire 2/23/18 $ 37, $ 5, Wire 5/15/18 $ 284, $ 42, Wire 6/29/18 $ 8, $ 1, Wire $ 2,555, $ 383, TO BE TRANSFERRED 10, ,582.14

69 A.

70 The Crossings at Fleming Island Community Development District Summary of Invoices July 26, 2018 Fund Date/ Description Check No.s Amount General 6/1-6/ $ 32, Reserve 6/1-6/30 $ - Water/Sewer 6/1-6/ $ 590, Swim & Tennis 6/1-6/30 $ 76, Golf Course 6/1-6/30 $ 164, Total Invoices for Approval $ 863,314.17

71 AP300R YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER RUN 7/17/18 PAGE 1 *** CHECK DATES 06/01/ /30/2018 *** CROSSINGS - GENERAL FUND BANK A CROSSINGS - GENERAL CHECK VEND#...INVOICE......EXPENSED TO... VENDOR NAME STATUS AMOUNT...CHECK... DATE DATE INVOICE YRMO DPT ACCT# SUB SUBCLASS AMOUNT # 6/05/ /31/18 MAY * 5, MAY 18 - ELECTRIC CLAY ELECTRIC COOPERATIVE, INC 5, /05/ /31/ * SECURITY 5/16-5/31 EDGAR W HOWELL, JR /05/ /31/ * 2, MAY 18 - GENERAL COUNSEL 5/31/ * MAY 18 - GENERAL COUNSEL KOPELOUSOS & BRADLEY, PA 2, /05/ /31/ * SECURITY 5/16-5/31 KEN W MURRAY /05/ /31/ * SECURITY 5/16-5/31 KENNETH J WAGNER /13/ /11/ * RIEMB THRESHOLDS 5/18/ * RIEMB APPLE KEYPAD/MOUSE 5/18/ * 1, RIEMB APPLE COMPUTER 5/29/ * 8.00 RIEMB POWER SUPPLY STEVE ANDERSEN 1, /13/ /30/ * NOTICE OF MEETING 4/30/ * NOTICE OF CANDIDATES BOS CLAY TODAY /13/ /13/18 MAY * 4, WATER SVC-MAY 2018 THE FI CDD C/O CCUA 4, /13/ /06/ * REQUEST FOR PROPOSALS FLORIDA TIMES UNION CROS --CROSSINGS-- PPOWERS