Current Month Actual Capital Project Expense 837,022-55, , % I Principal 7,100-7, % J

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1 GENERL FUND OPERTING BUDGET Information ccount Number Description of ccount nnual Budget nnual Budget Management Fees - Intergovernmental $ 4,628,132 $ 388,789 $ 2,295,398 $ (2,332,734) 49.60% Fees for Services - Intergovernmental 11,589, ,796 5,794,825 (5,794,776) 50.00% Tech Service Fees - Intergovernmental 796,176 66, ,082 (398,094) 50.00% dmin Fees from Developer 834,504 69, ,252 (417,252) 50.00% Recreation Fees from Developer 3,762, ,577 1,881,466 (1,881,462) 50.00% Tech Service Fees from Developer 315,042 26, ,518 (157,524) 50.00% Tech Service Fees from CSU 28,212 2,351 14,106 (14,106) 50.00% Tech Service Fees from SWC 1, (828) 50.15% dmin Service Fees from CSU 166,541 13,878 83,273 (83,268) 50.00% dmin Service Fees from SWC 21,646 1,804 10,822 (10,824) 50.00% Other General Government Charges 36,000 11,326 43,827 7, % Lifelong College Classes 1,051 1,051 1, % B Donations - Other 35,000 7,165 29,865 (5,135) 85.33% C Interest Income 5, ,592 (1,908) 65.31% D Unrealized Gain or Loss- LTIP - 13,788 23,950 23, % E Disposition of Fixed ssets/surplus Material - - 6,213 6, % F Total Revenues: $ 22,221,994 $ 1,882,499 $ 11,162,073 $ (11,059,921) 50.23% EXPENDITURES : Salaries and Wages $ 14,002,546 $ 983,429 $ 5,867,474 $ 8,135, % Employee Benefits * 3,608, ,161 1,982,541 1,626, % Subtotal Personal Service Expenses 17,611,190 1,258,590 7,850,015 9,761, % Professional Services 204,524 29,948 85, , % ccounting & uditing 15, , % G Other Contractual Services 1,327,388 92, , , % Travel & Per Diem 43,941 2,520 15,412 28, % Communications & Freight Services 409,254 33, , , % Utilities Services 78,761 4,891 28,405 50, % Rentals & Leases 752,858 54, , , % Casualty & Liability Insurance 7, , % G Repairs & Maintenance Services 177,903 22,804 95,251 82, % Printing & Binding 238,550 (2,045) 115, , % H Promotional ctivities 250,055 17,172 53, , % G Other Current Charges 30,344 2,459 8,232 22, % G Office Supplies 70,448 4,600 26,624 43, % Operating Supplies * 1,004,750 36, , , % G Books, Publications, Subscriptions & Dues 72, ,276 57, % G Subtotal Operating Expenses 4,683, ,178 1,610,767 3,072, % Capital Project Expense 837,022-55, , % I Principal 7,100-7, % J Total Expenditures $ 23,138,934 $ 1,558,768 $ 9,523,064 $ 13,615, % Change in Unreserved Net ssets $ (916,940) $ 323,731 $ 1,639,009 $ 2,555,949 Fund nalysis: Year to Date Current Unassigned $ 3,676,160 $ 323,731 $ 1,639,009 $ 5,315,169 Committed General R&R Reserve Total Fund $ 3,676,160 $ 323,731 $ 1,639,009 $ 5,315,169

2 GENERL FUND OPERTING BUDGET B C The majority of Other General Government Revenue includes a reimbursement from the Developer for ID card supplies ($40,655), revenue from the sales of Village Maps ($1399), Insurance Reimbursement ($1,720), and copy fees ($53). Software Use greement with The Villages Lifelong Learning College for the use of the Safari Software was invoiced in March. Donation Revenue relates to the dopt--bench program. D The interest rate at CFB, our depository bank, is tied to the Federal Funds Rate, which was reduced to zero in November Month CFB SB Sep % 0.16% Oct % 0.16% Nov % 0.16% Dec % 0.16% Jan % 0.17% Feb % 0.19% Mar % 0.18% E F G H The unbudgeted revenue relates to the monthly unrealized gain or loss from our long term investments, which has been booked through the end of last month. Surplus Materials revenue relates to auction proceeds. The majority of Printing & Binding expenses relates to the purchase of supplies/materials to create ID/Gate Cards ($105,677). The current month's credit relates to a reclass of prior month's charges to Legal dvertising (2,082) and Office Supplies ($1,213). I The Capital expenditures are related to the purchase of a Computer ided Dispatch System for the CW Dispatch Center ($55,248). J The Principal expenditures are related to the purchase of a Special Events Golf Cart. * Budget transfers and resolutions processed during the month are as follows: Transfer to: Employee Benefits + $ 11,307 TOTL + $ 11,307 Transfer from: Operating Supplies - $ 11,307 TOTL - $ 11,307

3 VILLGE OF SPNISH SPRINGS (VOSS) BUDGET Information ccount Number Description of ccount nnual Budget nnual Budget CM & Road Maintenance ssessments $ 1,296,900 $ 216,150 $ 1,296,899 $ (1) % Miscellaneous Revenue - 2,542 2,542 2, % B Interest Income (302) 59.73% C Ground Lease 1,004-1, % D Rents & Leases 18,000 1,288 8,488 (9,512) 47.16% Total Revenues: 1,316, ,111 1,309,388 (7,266) 99.45% Unrealized Gain or Loss- FMIvT % E Unrealized Gain or Loss- FLGIT - (173) % E Unrealized Gain or Loss- LTIP - 4,617 8,020 8, % E Total vailable Resources: $ 1,316,654 $ 224,714 $ 1,318,402 $ 1, % EXPENDITURES: Management Fee $ 131,731 $ 10,977 $ 65,869 $ 65, % Engineering Services ,723 (5,723) 0.00% F Legal Services 4, , % G Technology Services 3, ,580 1, % Other Professional Services % Janitorial (Porter) Services 64,256 5,188 31,428 32, % Systems Management Support (1) 0.00% H Utilities- Electricity 89,837 7,356 37,273 52, % Utilities- Natural Gas % Utilities- Water & Sewer 3, ,602 1, % Irrigation Water 20,374 2,490 16,174 4, % I Equipment Rental 1, , % G Storage Unit Rental 1, , % G Equipment Maintenance 2, , % Building/Structure Maintenance 140,014 17,037 51,912 88, % Landscape Maintenance- Recurring 192,678 12,263 52, , % G Landscape Maintenance- Non-Recurring 13, , % G Irrigation Repair 15, , % G Other Maintenance 262,565 16,574 84, , % Miscellaneous Current Charges 11,500-10,499 1, % J Operating Supplies 3, , % G Non-Capital FF&E 1, , % G Subtotal Operating Expenditures 964,513 73, , , % Buildings 48, , % G Infrastructure 131, ,471 (12,595) % K Subtotal Capital Outlay 179, ,471 35, % Transfer to Road Maintenance Fund 36,353 3,029 18,179 18, % Subtotal Transfers 36,353 3,029 18,179 18, % Total Expenditures $ 1,180,742 $ 76,309 $ 524,606 $ 656, % Change in Unreserved Net ssets $ 135,912 $ 148,405 $ 793,796 $ 657,884 Fund nalysis: Year to Date Current Unassigned $ 619,964 $ 148,405 $ 793,796 $ 1,413,760 Committed General R&R Reserve 128, ,164 Total Fund $ 748,128 $ 148,405 $ 793,796 $ 1,541,924 GL Date: 04/03/15

4 VILLGE OF SPNISH SPRINGS (VOSS) BUDGET B nnual revenue is billed in six monthly installments from October to March. Miscellaneous Revenue is related to the Bo P-Card annual rebate. C The interest rate at CFB, our depository bank, is tied to the Federal Funds Rate, which was reduced to zero in November Interest Income also includes monthly interest for investments with the State Board of dministration (SB). Month CFB SB Sep % 0.16% Oct % 0.16% Nov % 0.16% Dec % 0.16% Jan % 0.17% Feb % 0.19% Mar % 0.18% D E F G H I nnual Ground Lease greement revenue was received in January. FMIvT Unrealized gains/ loss has been booked through the middle of the current month. FLGIT and LTIP Unrealized gain/ loss has been booked through the end of the previous month. Current month investment Rate of Return for all three funds will not be available until the 15th of the following month. Month FMIvT 1-3 Yr FLGIT LTIP Sep % -0.89% N/ Oct % 2.32% 31.74% Nov % 1.46% 16.67% Dec % -2.48% -9.24% Jan % 4.42% -6.87% Feb % -1.30% 42.40% Mar The unbudgeted Engineering Services expenditures are related to the project for the Spanish Springs Town Center Square - Phase 2. budget transfer request will be submitted by DPM in pril The System Management Support expeditures relate to the monthly charges for domain infrastucture services. The year to date Irrigation Water expenditures ($16,174) are running $998 per month higher than budget ($1,698/month). budget transfer request will be submitted by DPM in pril J Majority of Miscellaneous Current Charges is related to the set up and take down of the Christmas decorations on The Square ($10,049) and poinsettias for District office buildings ($450). K Capital Outlay budget is related to the project: Town Square Pavers - Phase 2. GL Date: 04/03/15

5 ROLLING CRES PLZ SPECIL REVENUE FUND BUDGET Information ccount Number Description of ccount nnual Budget nnual Budget CM & Road Maintenance ssessments $ 107,669 $ 10,977 $ 107,669 $ % Miscellaneous Revenue % B Interest Income (99) 50.50% C Total Revenues: 107,869 11, ,804 (65) 99.94% Unrealized Gain or Loss- LTIP ,248 1, % D Total vailable Resources: $ 107,869 $ 11,750 $ 109,052 $ 1, % EXPENDITURES: Management Fee $ 20,059 $ 1,671 $ 10,033 $ 10, % Technology Services % Other Professional Services % Telephone % Electricity % Irrigation Water 3, ,097 1, % Building/Structure Maintenance 2, , % E Landscape Maintenance- Recurring 30,120 1,851 11,105 19, % Landscape Maintenance- Non-Recurring 2, , % E Gate Maintenance 12, ,215 11, % E Irrigation Repair % E Other Maintenance 1, , % E Bank Charges % E Subtotal Operating Expenses 74,125 4,289 24,676 49, % Transfer to Road Maintenance Fund 27,437 2,286 13,721 13, % Subtotal Transfers 27,437 2,286 13,721 13, % Total Expenditures $ 101,562 $ 6,575 $ 38,397 $ 63, % Change in Unreserved Net ssets $ 6,307 $ 5,175 $ 70,655 $ 64,348 Fund nalysis: Year to Date Current Unassigned $ 74,791 $ 5,175 $ 70, ,446 Committed General R&R Reserve 80, ,000 Total Fund $ 154,791 $ 5,175 $ 70,655 $ 225,446 B Revenue of $10,977 is billed in six monthly installments from October to March. Target requested their assessment billed in one annual invoice ($41,807). Miscellaneous Revenue is related to the Bo P-Card annual rebate. C The interest rate at CFB, our depository bank, is tied to the Federal Funds Rate, which was reduced to zero in November Interest Income also includes monthly interest for investments with the State Board of dministration (SB). Month CFB SB Sep % 0.16% Oct % 0.16% Nov % 0.16% Dec % 0.16% Jan % 0.17% Feb % 0.19% Mar % 0.18% D E The unbudgeted revenue relates to the monthly unrealized gain or loss from our long term investments, which has been booked through the end of last month. GL Date: 04/03/15

6 ROD MINTENNCE SPECIL REVENUE FUND BUDGET Information ccount Number Description of ccount nnual Budget nnual Budget Road Maintenance ssessments $ 33,437 $ - $ 33,437 $ % Miscellaneous Revenue % B Interest Income (151) 24.50% C Total Revenues: 33, ,496 (141) 99.58% Transfer-in from VOSS & Rolling cres 63,790 5,315 31,900 (31,890) 50.01% Unrealized Gain or Loss- FMIvT % D Unrealized Gain or Loss- FLGIT - (92) % D Unrealized Gain or Loss- LTIP - 1,634 2,838 2, % D Total vailable Resources: $ 97,427 $ 6,958 $ 68,752 $ (28,675) 70.57% EXPENDITURES: Management Fees $ 8,006 $ 667 $ 4,004 $ 4, % Technology Services % Other Professional Services % Building/Infrastructure Maintenance 5, , % E Subtotal Operating Expenditures 14, ,313 10, % Transfer to General R&R Reserve 150,000 12,500 75,000 75, % Subtotal Transfers 150,000 12,500 75,000 75, % Total Expenditures 164,620 13,233 79,313 85, % Change in Unreserved Net ssets $ (67,193) $ (6,275) $ (10,561) $ 56,632 Fund nalysis: Year to Date Current Unassigned $ 213,447 $ (6,275) $ (10,561) $ 202,886 Committed General R&R Reserve 76,450 12,500 75, ,450 Total Fund $ 289,897 $ 6,225 $ 64,439 $ 354,336 B nnual revenue for maintenance assessments is billed in October. Miscellaneous Revenue is related to the Bo P-Card annual rebate. C The interest rate at CFB, our depository bank, is tied to the Federal Funds Rate, which was reduced to zero in November Interest Income also includes monthly interest for investments with the State Board of dministration (SB). Month CFB SB Sep % 0.16% Oct % 0.16% Nov % 0.16% Dec % 0.16% Jan % 0.17% Feb % 0.19% Mar % 0.18% D E FMIvT Unrealized gains/ loss has been booked through the middle of the current month. FLGIT and LTIP Unrealized gain/ loss has been booked through the end of the previous month. Current month investment Rate of Return for all three funds will not be available until the 15th of the following month. Month FMIvT 1-3 Yr FLGIT LTIP Sep % -0.89% N/ Oct % 2.32% 31.74% Nov % 1.46% 16.67% Dec % -2.48% -9.24% Jan % 4.42% -6.87% Feb % -1.30% 42.40% Mar GL Date: 04/03/15

7 PUBLIC SFETY DEPRTMENT SPECIL REVENUE FUND BUDGET Information ccount Number Description of ccount nnual Budget nnual Budget Fire ssessment- Lake County Residential $ 782,617 $ 46,081 $ 646,738 $ (135,879) 82.64% Firefighter Supplemental Compensation 27,480 6,955 6,955 (20,525) 25.31% B Safety Fees from RD 1,074,476 89, ,238 (537,238) 50.00% Safety Fees from SLD- Current 323,332 26, ,666 (161,666) 50.00% Safety Fees from SLD- Futures 1,139, , ,085 (536,165) 52.94% Sumter County Fire ssessments Transfer 3,398, ,945 3,055,835 (342,520) 89.92% Sumter County Oxville ssessment Transfer 246,816 35, ,312 (1,504) 99.39% Sumter County Medical ssistance 3,557, ,406 (2,668,219) 25.00% C Management Fees - Community Watch 115,804 9,650 57,904 (57,900) 50.00% Miscellaneous Revenue - 10,769 13,244 13, % D CPR Class Fees 8, ,902 (4,838) 44.65% LSEMS Reimbursement 2, (1,883) 24.68% E Interest Income 1, , % F Donations % G Total Revenues: 10,678, ,308 6,224,195 (4,453,808) 58.29% Unrealized Gain or Loss- FMIvT ,969 1, % H Unrealized Gain or Loss- FLGIT - (949) 3,224 3, % H Unrealized Gain or Loss- LTIP - 16,418 28,518 28, % H Total vailable Resources: $ 10,678,003 $ 596,547 $ 6,257,906 $ (4,420,097) 58.61% EXPENDITURES: Personnel Services $ 7,882,564 $ 550,689 $ 3,317,009 $ 4,565, % Professional Services 275,371 23, , , % ccounting & uditing 7,303-5,058 2, % I Other Contractual Services 329,183 9, , , % Travel & Per Diem 30, ,661 28, % J Communications & Freight 32,250 1,294 7,542 24, % J Utility Service 131,825 13,854 57,128 74, % Rentals & Leases 124,095 10,110 59,209 64, % Insurance Premiums 125,997 7, ,410 2, % K Repair & Maintenance 435,129 27, , , % Other Current Charges 6, ,365 2, % Office Supplies 19, ,448 16, % J Operating Supplies 495,991 30, , , % Books, Dues & Subscriptions 82,844 12,219 20,312 62, % J Subtotal Operating Expenditures 9,979, ,489 4,136,962 5,842, % Vehicles 512, , % L Capital FF&E 148,000-34, , % L Subtotal Non-operating Expenditures 660,719-34, , % Debt Service Payments- Principal 38,947-39,020 (73) % M Debt Service Payments- Interest % M Subtotal Debt Service 39,154-39,187 (33) % Transfer to General R&R Reserve 336,515 28, , , % Subtotal Reserve Transfers 336,515 28, , , % Total Expenditures $ 11,016,096 $ 716,531 $ 4,379,404 $ 6,636, % Change in Unreserved Net ssets $ (338,093) $ (119,984) $ 1,878,502 $ 2,216,595

8 PUBLIC SFETY DEPRTMENT SPECIL REVENUE FUND BUDGET Fund nalysis: Year to Date Current Unassigned $ 2,991,903 $ (119,984) $ 1,878,502 $ 4,870,405 Committed General R&R Reserve 1,058,958 28, ,263 1,227,221 Total Fund $ 4,050,861 $ (91,942) $ 2,046,765 $ 6,097,626 B C D E Fire assessments start to be collected as tax bills are paid and assessments are received from the counties. Supplemental Compensation is received on a quarterly basis (Feb, May, ug & Nov). Sumter County Medical ssistance Revenue is received on a quarterly basis (Jan, pr, Jul & Nov) Miscellaneous Revenue relates to the Bo P-Card annual rebate ($10,769) and reimbursement of the Firefighter Gear & Uniform and hiring costs for employees that leave the District before their three-year obligation ends ($2,475). LSEMS Reimbursement represents payments for medical supplies which decreased substantially as a result of Sumter County changing providers. F The interest rate at CFB, our depository bank, is tied to the Federal Funds Rate, which was reduced to zero in November Interest Income also includes monthly interest for investments with the State Board of dministration (SB). Month CFB SB Sep % 0.16% Oct % 0.16% Nov % 0.16% Dec % 0.16% Jan % 0.17% Feb % 0.19% Mar % 0.18% G H I J K mounts received for ED Donations and employee appreciation payments. FMIvT Unrealized gains/ loss has been booked through the middle of the current month. FLGIT and LTIP Unrealized gain/ loss has been booked through the end of the previous month. Current month investment Rate of Return for all three funds will not be available until the 15th of the following month. Month FMIvT 1-3 Yr FLGIT LTIP Sep % -0.89% N/ Oct % 2.32% 31.74% Nov % 1.46% 16.67% Dec % -2.48% -9.24% Jan % 4.42% -6.87% Feb % -1.30% 42.40% Mar YTD expenditures relate to 2013/14 audit fees. Remaining budget is for interim work for the 2014/15 audit to be completed in the summer. The majority of the Insurance premiums for the fiscal year were paid in October, but a policy for Firefighter D&D was renewed in March ($7,004) for two years, which goes though 04/22/2017. L Capital Outlay (FF&E) expenditures relate to a LP15 Monitor/Defib Unit ($34,992). M The Debt Service expenditures relate to a Loan for Vehicle #112 that was paid off in Dec a few months early.

9 COMMUNITY STNDRDS SPECIL REVENUE FUND OPERTING BUDGET Information ccount Number Description of ccount nnual Budget nnual Budget Community Standard Fees from RD $ 69,405 $ 5,784 $ 34,703 $ (34,702) 50.00% Community Standard Fees from District 1 37,760 3,147 18,880 (18,880) 50.00% Community Standard Fees from District 2 39,650 3,304 19,825 (19,825) 50.00% Community Standard Fees from District 3 44,241 3,687 22,121 (22,120) 50.00% Community Standard Fees from District 4 48,453 4,038 24,227 (24,226) 50.00% Community Standard Fees from District 5 59,469 4,956 29,735 (29,734) 50.00% Community Standard Fees from District 6 76,911 6,409 38,455 (38,456) 50.00% Community Standard Fees from District 7 60,441 5,037 30,221 (30,220) 50.00% Community Standard Fees from District 8 87,333 7,278 43,667 (43,666) 50.00% Community Standard Fees from District 9 71,806 10,257 10,257 (61,549) 14.28% Community Standard Fees from Developer 89,546 12,354 75,417 (14,129) 84.22% Miscellaneous Revenue % B Deed Compliance Fines 60,000 2,250 (500) (60,500) -0.83% C Interest Income % D Unrealized Gain or Loss- LTIP ,334 1, % E Total Revenues: $ 745,015 $ 69,391 $ 348,536 $ (396,479) 46.78% EXPENDITURES: Salary & Wages $ 270,475 $ 17,541 $ 107,870 $ 162, % Employee Benefits 119,970 6,790 63,571 56, % Subtotal Personnel Services 390,445 24, , , % VCCDD Management Fees 163,842 13,653 81,924 81, % Legal Fees 48,600 2,981 19,786 28, % Technology Services 2, ,391 1, % Other Professional Services % Systems Management Support 22,696 1,578 6,800 15, % F Telephone 5, , % F Postage 3, , % F Equipment Rental 5,284 7,820 7,820 (2,536) % G Vehicle Repair & Maintenance % F Other Maintenance 37,000-2,550 34, % F Printing & Binding 1, % H Legal dvertising % F Office Supplies 2, , % Gasoline/Diesel 10, ,648 8, % F Operating Materials & Supplies 5, ,759 3, % Non-Capital Hardware/Software 1, , % F Training & Education 1, , % F Surplus Fines 18,000 2,339 39,118 (21,118) % I Subtotal Operating Expenses 328,643 29, , , % Capital Outlay Expenditures 18, , % F Subtotal Non-operating Expenditures 18, , % Total Expenditures $ 737,708 $ 54,209 $ 337,752 $ 399, % Change in Net ssets (Modified ccrual Basis) $ 7,307 $ 15,182 $ 10,784 $ 3,477 Fund nalysis: Year to Date Current Unassigned $ 147,407 $ 15,182 $ 10,784 $ 158,191 Committed - Deed Compliance 65, ,801 Total Fund $ 213,209 $ 15,182 $ 10,784 $ 223,993 GL Date: 04/03/15

10 COMMUNITY STNDRDS SPECIL REVENUE FUND OPERTING BUDGET B C Community Standard Fees from District #9 began March 2015, prior to that the Developer paid the District #9 portion. Miscellaneous Revenue is related to the Bo P-Card annual rebate. Revenue for Deed Compliance Fines represents billings for maintenance expenditures to bring properties into compliance with deed restrictions. The negative Year to date amount is due to $12,750 in waived fines levied in prior years. D The interest rate at CFB, our depository bank, is tied to the Federal Funds Rate, which was reduced to zero since November Interest Income also includes monthly interest for investments with the State Board of dministration (SB). Month CFB SB Sep % 0.16% Oct % 0.16% Nov % 0.16% Dec % 0.16% Jan % 0.17% Feb % 0.19% Mar % 0.18% E F G H I The unbudgeted revenue relates to the monthly unrealized gain or loss from our long term investments, which has been booked through the end of last month. The current month's amount of expenditures for Equipment Rental is due to a reclass of a printer that was relocated to Community Standards from dmin when we moved last year. budget transfer will be processed shortly. The majority of expenditures for Printing & Binding relates to an ad placed in The Daily Sun ($608) for District #9 Deed Compliance. Surplus Fines are related to the amount of deed compliance revenue collected in excess of expenses on closed cases. This excess is returned to the appropriate district. GL Date: 04/03/15

11 RECRETION MENITIES DIVISION (RD) Information ccount Number Description of ccount nnual Budget nnual Budget menity Fees $ 37,228,747 $ 3,117,924 $ 18,664,367 $ (18,564,380) 50.13% Other General Government Charges 503,180 66, ,599 (220,581) 56.16% Other Public Safety Charges & Fees 110,700 1,126 61,251 (49,449) 55.33% Parks & Recreation Fees & Charges 1,433, , ,018 (575,286) 59.86% Other Culture/Recreation 2, (1,540) 38.40% Deed Compliance Fines ,215 19, % B Interest Income 11, ,746 (8,254) 24.96% C Rentals & Royalties 582,207 73, ,751 (226,456) 61.10% Disposition of Fixed ssets/surplus Material - - 6,928 6, % D Total Revenues: 39,871,638 3,461,392 20,251,835 (19,619,803) 50.79% Unrealized Gain or Loss- FMIvT - 9,372 23,953 23, % E Unrealized Gain or Loss- FLGIT - (13,399) 45,521 45, % E Unrealized Gain or Loss- LTIP - 109, , , % E Total vailable Resources: $ 39,871,638 $ 3,567,043 $ 20,511,821 $ (19,359,817) 51.44% EXPENSES : dministrative Services $ 1,336,632 $ 111,386 $ 668,316 $ 668, % Community Watch Services 2,116, ,376 1,058,266 1,058, % Property Management Services 687,023 57, , , % Recreation Services 2,537, ,435 1,268,621 1,268, % Engineering Services 40,960 19,127 23,757 17, % Legal Services 200,000 32,456 68, , % Deed Compliance Services 69,405 5,784 34,703 34, % Technology Services 328,309 27, , , % Other Professional Services 54,731 2,320 9,096 45, % F Subtotal Professional Services 7,370, ,494 3,639,307 3,731, % ccounting & uditing Services 84,227-43,535 40, % Other Contractual Services 3,132, ,469 1,456,115 1,676, % Communications & Freight Services 144,944 10,016 75,184 69, % Utilities Services 1,565, , , , % Rentals & Leases 33,380 1,989 11,407 21, % Casualty & Liability Insurance 589,902 56, , , % Repairs & Maintenance Services 7,873, ,869 2,969,771 4,903, % Printing & Binding 215,000 16,401 89, , % Promotional ctivities 67,500 2,455 33,508 33, % Other Current Charges 126,405 7,957 90,146 36, % G Office Supplies 19,250 1,090 5,663 13, % F Operating Supplies 728,389 26, , , % F Subtotal Operating Expenses 14,581,120 1,040,274 5,852,622 8,728, % Total Operating & Professional Expenses 21,951,940 1,683,768 9,491,929 12,460, % Capital Project Expense 2,057, , ,754 1,757, % H Settlement Projects - 345,510 2,160,331 (2,160,331) 0.00% I Debt Service Principal- RD Senior Lien Bonds 7,555, ,555, % J Debt Service Interest- RD Senior Lien Bonds 8,896, ,775 3,868,650 5,028, % Miscellaneous Bond Expense - - 9,939 (9,939) 0.00% K Bad Debts Expense-Prop (157) 0.00% L Subtotal Non-operating Expenses 16,451, ,775 3,878,746 12,573, % Transfer to General R&R 2,000, ,666 1,000, , % Subtotal Transfers 2,000, ,666 1,000, , % Total Expenses $ 42,461,622 $ 3,019,879 $ 16,830,764 $ 25,630, % Change in Unreserved Net ssets $ (2,589,984) $ 547,164 $ 3,681,057 $ 6,271,041

12 RECRETION MENITIES DIVISION (RD) Fund nalysis: Year to Date Current Unrestricted - Unreserved $ 33,169,925 $ 547,164 $ 3,681,057 $ 36,850,982 Unrestricted R&R General Reserve 11,036, ,666 1,000,004 12,036,397 Unrestricted R&R Insurance Reserve 300, ,000 Restricted Debt Service 1,206, ,206,274 Total Fund $ 45,712,592 $ 713,830 $ 4,681,061 $ 50,393,653 B C D E F Lifelong Learning College Income is received twice a year (Jan & Jul) for classes held at the Village District Recreation Centers. The unbudgeted revenue is related to the amount of deed compliance revenue collected over expenses. The interest rate at CFB, our depository bank, is tied to the Federal Funds Rate, which was reduced to zero in November Interest Income also includes monthly interest from investments with the State Board of dministration (SB). The interest rate at US Bank, our trustee, was also reduced to zero in July In ugust 2010 US Bank migrated our Debt Service investments from 1st merican Money Market ccount to Federated and Fidelity Prime Money Market ccounts. Interest for the trust accounts are posted on a month lag basis. The 2014 bond series is invested with Federated. Month CFB SB USB - Fed USB - Fidel Sep % 0.16% 0.02% 0.01% Oct % 0.16% 0.03% 0.01% Nov % 0.16% 0.03% 0.01% Dec % 0.16% 0.02% 0.01% Jan % 0.17% 0.03% 0.01% Feb % 0.19% 0.04% 0.02% Mar % 0.18% 0.05% 0.02% Unbudgeted revenue is related to auction proceeds from the sale of two 2009 Ford Ranger XLTs ($6,563), miscellaneous property management items ($217) and miscellaneous recreation items ($148). FMIvT Unrealized gains/ loss has been booked through the middle of the current month. FLGIT and LTIP Unrealized gain/ loss has been booked through the end of the previous month. Current month investment Rate of Return for all three funds will not be available until the 15th of the following month. Month FMIvT 1-3 Yr FLGIT LTIP Sep % -0.89% N/ Oct % 2.32% 31.74% Nov % 1.46% 16.67% Dec % -2.48% -9.24% Jan % 4.42% -6.87% Feb % -1.30% 42.40% Mar G Majority of Other Current Charges are related to Maintenance and Bond ssessments ($58,390), Bank Charges ($29,467), Lien Filing Fees ($1,180), Legal dvertising ($764) and Permits & Licenses ($317). H Capital Project Expenses are related to the following: Buildings Paradise Park Postal Center-Bath Remodel 12,686 Infrastructure Paradise-Rebuild Shuffleboard & Horshoe Courts 183,531 Miscellaneous 3,168 Chula Vista-Pool Deck Lighting Upgrade 34,504 Total Buildings 15,854 Tierra Del Sol-Vak Pak Pool Filter System 24,900 Paradise-Pool Deck Lighting Upgrade 14,819 Southside-Pool Deck Lighting Upgrade 12,043 Hilltop-Pool Deck Lighting Upgrade 11,019 Golfview Lake-New Docks 1,835 Miscellaneous Total Infrastructure 1, ,900 I Settlement expenses relate to the following projects: Tierra del Sol ($981,323), Paradise Park ($937,891), North Gate Connectivity ($140,252), Lindsey Golf ($69,556), El Santiago ($19,170), Silver Lake ($8,618) and Chula Vista ($3,521). J ll previous Bond Series were Refunded to a 2014 Bond Series on September 30th, 2014, so there is no principal due until Nov K L Miscellaneous Bond expenses are related to the Bond Refunding that occurred on September 30th, 2014, which is broken down as follows: Cost of Issuance Invoices ($9,931) and the remainder of interest earned that was due to the Developer ($8). Bad debts expense is related to a write off of an uncollected billing for a room rental.

13 LITTLE SUMTER SERVICE RE UTILITY Information ccount Number Description of ccount nnual Budget nnual Budget Miscellaneous Revenue $ - $ 3,551 $ 3,551 $ 3, % Water Fees- Residential 3,828, ,715 1,946,463 (1,881,742) 50.85% Water Fees- Commercial 322,118 28,228 69,120 (252,998) 21.46% B Sewer Fees- Residential 4,210, ,499 2,143,612 (2,067,038) 50.91% Sewer Fees- Commercial 423,376 52, ,605 (201,771) 52.34% Meter/Water Impact Fees 3, (2,900) 3.33% C Reconnect Fees 5, ,508 (2,492) 50.16% Fire Protection Water 25,964 2,199 13,141 (12,823) 50.61% Metered Irrigation Water 423,772 26, ,759 (253,013) 40.30% D NSF Check Fees 2, ,023 (977) 51.15% Miscellaneous Water & Sewer 76,500 3,723 37,829 (38,671) 49.45% Utility Late Penalty Fee 15, ,703 (3,297) 78.02% E Interest Income 5, (5,462) 5.01% F Sales of Surplus Material & Sc 3,500-3, % G Total Revenues: 9,344, ,656 4,625,226 (4,719,609) 49.49% Unrealized Gain or Loss- FMIvT - 2,195 5,608 5, % H Unrealized Gain or Loss- FLGIT - (3,527) 11,981 11, % H Total vailable Resources: $ 9,344,835 $ 675,324 $ 4,642,815 $ (4,702,020) 49.68% EXPENSES: Management Services $ 318,361 $ 26,530 $ 159,181 $ 159, % Engineering Services 272,000 10,451 69, , % I Legal Services 2, ,366 (366) % J Technology Services 37,303 3,109 18,649 18, % Other Professional Services 13, ,783 11, % I uditing Services 6,111-5,058 1, % K Trustee Fees 12,445-14,194 (1,749) % L rbitrage Services 3, , % I Systems Management Support 14, ,814 11, % I Misc Contractual Services 1,538, , , , % Postage 1, % Electricity * 563,636 40, , , % Insurance 25,146 2,321 13,924 11, % Building/Structure Maintenance * 208,831 36,780 81, , % Landscape Maintenance-Non-recurring 7, , % I Printing and Binding 2, , % I Banking Charges (48) 0.00% M Permits and Licenses 11, , % I Legal dvertising 2, , % I Misc Current Charges 10, ,148 8, % I Operating Supplies 1, % I Non-Capital FFE 10, , % I Meter Supplies * 50,000-23,585 26, % Operating Supplies-Other 93,200 5,888 40,120 53, % Subtotal Operating Expenses 3,203, ,667 1,422,178 1,780, % Buildings 30, , % N Infrastructure 1,238,650 4, ,900 1,025, % N Subtotal Capital Outlay- Expenses 1,268,650 4, ,900 1,055, % Debt Service Principal 1,735, ,735, % O Debt Service Interest 3,710, ,245 1,532,422 2,178, % Miscellaneous Bond Expense ,169 (614,169) 0.00% P Subtotal Non-operating Expenses 5,445, ,184 2,146,591 3,299, % Transfer to General R&R 500,000 41, , , % Transfer to Budgeted Reserve 500,000 41, , , % Total Expenses $ 10,417,777 $ 556,904 $ 4,031,673 $ 6,386, % Change in Unreserved Net ssets $ (1,072,942) $ 118,420 $ 611,142 $ 1,684,084

14 LITTLE SUMTER SERVICE RE UTILITY Fund nalysis: Year to Date Current Unrestricted Unreserved $ (8,953,108) $ 118,420 $ 426,296 $ (8,526,812) Restricted Debt Service 4,881, ,881,938 Unrestricted R&R General 1,850,000 41, ,004 2,100,004 Unrestricted Capital Project 400, ,000 Unrestricted Water CIC , ,182 Unrestricted Sewer CIC ,664 80,664 Total Fund $ (1,821,170) $ 160,086 $ 861,146 $ (960,024) B C Miscellaneous Revenue is related to the Bo P-Card annual rebate. The Year to Date Water Fees - Commercial revenue includes a credit of $94,851 that was issued to Villages Regional Hospital in Jan 2015 to adjust the account for a rate tier adjustment retroactive to January Meter Impact Fees revenue is budgeted at $250 per month; actual revenues are averaging $17 per month. D The Year to Date Metered Irrigation Water revenue includes a credit of $46,610 that was issued to CRC Freedom Point in Feb 2015 to adjust the account for a rate tier adjustment retroactive to June E Utility Late Penalty Fees revenue is budgeted at $1,250 per month; actual revenues are averaging $1,951 per month. F The interest rate at CFB, our depository bank, is tied to the Federal Funds Rate, which was reduced to zero in November Interest Income also includes monthly interest from investments with the State Board of dministration (SB). The interest rate at US Bank, our trustee, was also reduced to zero in July In ugust 2010 US Bank migrated our Debt Service investments from 1st merican Money Market ccount to Federated and Fidelity Prime Money Market ccounts. Interest for the trust accounts are posted on a month lag basis. The 2014B Bond Series Trust accounts are invested with Federated. Month CFB SB USB - Fed USB - Fidel Sep % 0.16% 0.02% 0.01% Oct % 0.16% 0.03% 0.01% Nov % 0.16% 0.03% 0.01% Dec % 0.16% 0.02% 0.01% Jan % 0.17% 0.03% 0.01% Feb % 0.19% 0.04% 0.02% Mar % 0.18% 0.05% 0.02% G H I J K L Sales of Surplus Material revenue is budgeted at $292 per month; actual revenues are averaging $587 per month. FMIvT's Unrealized gain/loss has been booked through the middle of the current month. FLGIT's Unrealized gain/loss has been booked through the end of the previous month. Current month investment Rate of Return for both funds will not be available until the 15th of the following month. Month FMIvT 1-3 Yr FLGIT Sep % -0.89% Oct % 2.32% Nov % 1.46% Dec % -2.48% Jan % 4.42% Feb % -1.30% Mar The majority of the Legal Services expenses are related to the 2014B Bond Series Refunding - Investor Claim ($1,286) and a review of foreclosures ($1080). YTD expenditures relate to 2013/14 audit fees. Remaining budget is for interim work for the 2014/15 audit to be completed in the summer. nnual fee to our bond trustee, U. S. Bank, for their services. M Banking charges are related to an order for deposit books ($48). N YTD Capital Projects expenditures relate to the Meter Change Out Program ($212,900). O 2003 Bond Series was Refunded to 2014B Bond Series on October 01, 2014, so there is no principal due until Oct P Miscellaneous Bond expenses are related to the Bond Refunding that occurred on October 01, 2014, which is broken down as follows: $393,173 is for the Underwriter's Discount and $220,996 is for the Cost of Issuance invoices. * Budget transfers and resolutions processed during the month are as follows: Transfer to: Meter Supplies + 40,000 TOTL + 40,000 Transfer from: Electricity - 20,000 Building/Structure Maintenance - 20,000 TOTL - 40,000

15 VILLGE CENTER SERVICE RE UTILITY Information ccount Number Description of ccount nnual Budget nnual Budget Impact Fees-Commercial- Water $ - $ - $ 1,229 $ 1, % Impact Fees-Commercial- Sewer - - 1,742 1, % Miscellaneous Revenue - 3,053 3,053 3, % B Water Fees- Residential 2,117, ,838 1,055,686 (1,062,019) 49.85% Water Fees- Commercial 201,236 17, ,530 (94,706) 52.94% Sewer Fees- Residential 3,063, ,808 1,528,567 (1,535,357) 49.89% Sewer Fees- Commercial 461,276 40, ,183 (216,093) 53.15% Meters Impact Fees % Reconnect Fees 4,500 1,301 5, % C Fire Protection Water 15,496 1,339 8,572 (6,924) 55.32% Metered Irrigation Water 255,899 16, ,755 (124,144) 51.49% NSF Check Fees 2, ,298 (702) 64.90% Miscellaneous Water & Sewer 20,000-32,995 12, % D Utility Late Penalty Fee 40,000 4,052 25,099 (14,901) 62.75% Interest Income 5, (5,111) 11.11% E Disposition of Fixed ssets/surplus Material 2,000-2, % F Total Revenues: 6,189, ,599 3,150,509 (3,039,277) 50.90% Unrealized Gain or Loss- FMIvT - 2,866 7,326 7, % G Unrealized Gain or Loss- FLGIT - (4,012) 13,632 13, % G Total vailable Resources: $ 6,189,786 $ 491,453 $ 3,171,467 $ (3,018,319) 51.24% EXPENSES : Management Services $ 257,381 $ 21,448 $ 128,693 $ 128, % Engineering Services 306,900 15,736 74, , % H Legal Services 3, , % I Technology Services 28,379 2,365 14,189 14, % Other Professional Services 11, ,743 9, % H uditing Services 4,139-3, % J Trustee Fees 11,010-8,954 2, % K rbitrage Services 3,300-1,200 2, % Systems Management Support 9, ,009 8, % H Misc Contractual Services 1,569, , , , % Postage 1, % H Electricity 435,000 34, , , % Insurance 11,834 1,092 6,552 5, % Building/Structure Maintenance 111,625-42,379 69, % Landscape Maint-Non-Recurring 6,000-1,500 4, % H Printing and Binding 2, , % H Banking Charges (48) 0.00% L Permits and Licenses 6, , % H Legal dvertising 1, % H Misc Current Charges 10, , % H Operating Supplies 1, % H Non-Capital FFE 7, , % H Meter Supplies 70,000 2,856 32,545 37, % Operating Supplies-Other 49,000 4,545 22,857 26, % Subtotal Operating Expenses 2,917, ,214 1,305,000 1,612, % Buildings 43,339 2,050 11,855 31, % M Infrastructure 2,302,889 11,140 70,603 2,232, % M Capital Outlay 2,346,228 13,190 82,458 2,263, % Debt Service Principal 1,350, ,350, % N Debt Service Interest 822,988 36, , , % Miscellaneous Bond Expense ,756 (186,756) 0.00% O Subtotal Non-operating Expenses 2,172,988 37, ,839 1,766, % Transfer to General R&R 300,000 25, , , % Transfer to Budgeted Reserve 300,000 25, , , % Total Expenses $ 7,736,370 $ 289,782 $ 1,944,297 $ 5,792, % Change in Unreserved Net ssets $ (1,546,584) $ 201,671 $ 1,227,170 $ 2,773,754

16 VILLGE CENTER SERVICE RE UTILITY Fund nalysis: Year to Date Current Unrestricted Unreserved $ 8,848,499 $ 201,671 $ 1,224,198 $ 10,072,697 Restricted Debt Service 851, ,200 Unrestricted Capital Projects 600, ,000 Unrestricted R&R General 2,750,000 25, ,000 2,900,000 Unrestricted Water CIC 19,280-1,229 20,509 Unrestricted Sewer CIC 25,979-1,742 27,721 Total Fund $ 13,094,958 $ 226,671 $ 1,377,170 $ 14,472,128 Unbudgeted Impact Fee Revenue is related to CIC & Meter Installation Fee receipts for the New Recreation Center - Tierra Del Sol. B The majority of Miscellaneous Revenue is related to the Bo P-Card annual rebate ($3,052). C D Reconnect Fees revenue is budgeted at $375 per month; actual revenues are averaging $841 per month. The majority of Miscellaneous Water & Sewer Revenue is related to VC Truck/Crane charges ($27,792), Backflow dmin & Test Fees ($4,517) and Grease Trap Pump Out Fee ($686). E The interest rate at CFB, our depository bank, is tied to the Federal Funds Rate, which was reduced to zero in November Interest Income also includes monthly interest from investments with the State Board of dministration (SB). The interest rate at US Bank, our trustee, was also reduced to zero in July In ugust 2010 US Bank migrated our Debt Service investments from 1st merican Money Market ccount to Federated and Fidelity Prime Money Market ccounts. Interest for the trust accounts are posted on a month lag basis. The 2014 bond series is invested with Fidelity. Month CFB SB USB - Fed USB - Fidel Sep % 0.16% 0.02% 0.01% Oct % 0.16% 0.03% 0.01% Nov % 0.16% 0.03% 0.01% Dec % 0.16% 0.02% 0.01% Jan % 0.17% 0.03% 0.01% Feb % 0.19% 0.04% 0.02% Mar % 0.18% 0.05% 0.02% F G H I J K Sales of Surplus Material revenue is budgeted at $167 per month; actual revenues are averaging $430 per month. FMIvT's Unrealized gain/loss has been booked through the middle of the current month. FLGIT's Unrealized gain/loss has been booked through the end of the previous month. Current month investment Rate of Return for both funds will not be available until the 15th of the following month. Month FMIvT 1-3 Yr FLGIT Sep % -0.89% Oct % 2.32% Nov % 1.46% Dec % -2.48% Jan % 4.42% Feb % -1.30% Mar The majority of the Legal Services expenses are related to the 2014 Bond Series Refunding - Investor Claim ($1,407) and a review of foreclosures (1,455). YTD expenditures relate to 2013/14 audit fees. Remaining budget is for interim work for the 2014/15 audit to be completed in the summer. nnual fee to our bond trustee, U. S. Bank, for their services. L Banking charges are related to an order for deposit books ($48). M YTD Capital Projects expenditures relate to the WTP 1, 3, & 5 - Electric Panel Upgrades ($59,463),Crom Tank - Replace HSP/Booster Pump #1 ($11,140), WWTP Compliance ($9,805) and WWTP - Parking Lot ddition ($2,050). N 1998 Bond Series was Refunded to 2014 Bond Series on October 01, 2014, so there is no principal due until Oct O Miscellaneous Bond expenses are related to the Bond Refunding that occurred on October 01, 2014, which is broken down as follows: $108,521 is for the Underwriter's Discount and $78,235 is for the Cost of Issuance Invoices.

17 FITNESS FUND BUDGET Information ccount Number Description of ccount nnual Budget nnual Budget Miscellaneous Revenue $ - $ 73 $ 73 $ % Merchandise- Fitness (58) 42.00% Mulberry Grove Fitness Memberships 140,000 16,678 85,985 (54,015) 61.42% Interest Income (95) 36.67% B Unrealized Gain or Loss- LTIP ,073 1, % C Total Revenues: $ 140,250 $ 17,385 $ 87,228 $ (53,022) 62.19% EXPENSES: Other Salaries & Wages $ 50,602 $ 3,587 $ 21,338 $ 29, % Social Security Taxes 3, ,323 1, % Medicare Taxes % Workmen's Compensation 2, ,282 (1,638) % D Subtotal Personnel Services 57,049 4,319 27,252 29, % Management Fees 28,199 2,349 14,105 14, % Technology Services % Other Professional Services % Janitorial Services 14,709 1,142 6,853 7, % Systems Management Support 3, , % E Telephone 1, % E Cable 1, % Electricity 6, ,959 4, % Natural Gas % E Water & Sewer % Irrigation Water % E Solid Waste % Equipment Maintenance 12, ,815 7, % Building/Structure Maintenance 3, , % E Landscape Maintenance Recurring 5, ,288 3, % E Irrigation Repair % E Other Maintenance % E Printing & Binding % Bank Charges 3, ,805 1, % Misc Current Charges % E Office Supplies % E Operating Supplies 5, ,923 3, % Recreation Supplies % Non-Capital FF&E 10,800 4,310 4,310 6, % Subtotal Contractual & Other Expenses 99,273 10,335 39,965 59, % Total Expenses $ 156,322 $ 14,654 $ 67,217 $ 89, % Change in Unreserved Net ssets $ (16,072) $ 2,731 $ 20,011 $ 36,083 GL Date: 04/03/15

18 FITNESS FUND BUDGET Year To Date Current Unrestricted Unreserved $ 123,596 $ 2,731 $ 20,011 $ 143,607 Unrestricted General R&R Reserve 25, ,000 Total Fund $ 148,596 $ 2,731 $ 20,011 $ 168,607 Miscellaneous Revenue is related to the Bo P-Card annual rebate. B The interest rate at CFB, our depository bank, is tied to the Federal Funds Rate, which was reduced to zero in November Interest Income also includes monthly interest for investments with the State Board of dministration (SB). Month CFB SB Sep % 0.16% Oct % 0.16% Nov % 0.16% Dec % 0.16% Jan % 0.17% Feb % 0.19% Mar % 0.18% C D E The unbudgeted revenue relates to the monthly unrealized gain or loss from our long term investments, which has been booked through the end of last month. nnual PGIT workers compensation insurance payment made in December. The additional March expenditures ($458) relate to the premium due for the Final udit for FY13/14. GL Date: 04/03/15