Current Month Actual Capital Project Expense ** 835,688 18,396 71, , % I

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1 GENERAL FUND OPERATING UDGET Four (4) Months of Operations % of Year Number Description of Annual udget Month Information Variance Annual udget Management Fees - Intergovernmental $ 4,441,757 $ 370,139 $ 1,480,645 $ (2,961,112) 33.33% Fees for Services- Intergovernmental 10,790, ,166 3,596,685 (7,193,329) 33.33% TechService Fees-Intergovernmental 814,895 67, ,623 (543,272) 33.33% Admin Fees from Developer 650,717 54, ,909 (433,808) 33.33% Recreation Fees from Developer 3,201, ,818 1,067,276 (2,134,544) 33.33% Tech Service Fees from Developer 292,629 24,386 97,541 (195,088) 33.33% Tech Service Fees from CSU 12,384 1,032 4,128 (8,256) 33.33% Tech Service Fees from SWCA 1, (840) 33.01% Admin Service Fees from CSU 95,653 7,971 31,885 (63,768) 33.33% Admin Service Fees from SWCA 15,836 1,320 5,276 (10,560) 33.32% Other General Government Charges 35,800 33,643 34,079 (1,721) 95.19% A Lifelong College Classes 1, (1,051) 0.00% Donations - Other 45,000 3,425 17,075 (27,925) 37.94% C Interest Income 5, ,986 (3,514) 36.11% D Disposition of Fixed Assets/Surplus Material % E Total Revenues: $ 20,404,310 $ 1,730,638 $ 6,825,553 $ (13,578,757) 33.45% EXPENDITURES : Salaries and Wages $ 11,901,046 $ 844,938 $ 3,350,341 $ 8,550, % Employee enefits 3,098, ,108 1,220,578 1,877, % Subtotal Personal Service Expenses 14,999,590 1,082,046 4,570,919 10,428, % Professional Services 214,280 18,733 52, , % ing & Auditing 800, , % F Other Contractual Services 1,331, , ,113 1,024, % Travel & Per Diem 29,251 2,111 10,947 18, % Communications & Freight Services 330,174 45, , , % Utilities Services 57,672 4,939 17,072 40, % Rentals & Leases * 920,022 71, , , % Casualty & Liability Insurance 6, , % G Repairs & Maintenance Services 171,076 14,961 50, , % Printing & inding ** 236,873 31, , , % Promotional Activities 245,775 7,718 39, , % Other Charges 29,344 5,465 5,779 23, % H Office Supplies 68,084 4,917 13,434 54, % Operating Supplies * / ** 1,002,913 66, , , % ooks, Publications, Subscriptions & Dues 63,498 1,273 11,836 51, % Subtotal Operating Expenses 5,507, ,912 1,270,788 4,236, % Capital Project Expense ** 835,688 18,396 71, , % I Total Expenditures $ 21,342,530 $ 1,512,354 $ 5,913,548 $ 15,428, % Change in Unreserved Net Assets $ (938,220) $ 218,284 $ 912,005 $ 1,850,225 Fund alance Analysis: ** alance Forward 09/30/13 Month Year to Date alance Unassigned $ 3,212,692 $ 218,284 $ 912,005 $ 4,124,697 Committed General R&R Reserve Total Fund alance $ 3,212,692 $ 218,284 $ 912,005 $ 4,124,697 ** eginning fund balance is preliminary until completion of 2012/13 audit.

2 GENERAL FUND OPERATING UDGET Four (4) Months of Operations % of Year : A C The majority of Other General Government Revenue includes a reimbursement from the Developer for ID card supplies ($33,457), revenue from the sales of Village Maps ($490), Insurance Reimbursement ($75), and copy fees ($17). Software Use Agreement with The Villages Lifelong Learning College for the use of the Safari Software is typically invoiced in January. Donation Revenue relates to Adopt-A-ench program. D The interest rate at CF, our depository bank, is tied to the Federal Funds Rate, which was reduced to zero in November Month CF SA Sep % 0.18% Oct % 0.18% Nov % 0.17% Dec % 0.16% Jan % 0.15% E Surplus Materials revenue relates to auction proceeds. F ing and auditing budget relates to a one time refund from General Fund accumulated surplus; to be transferred in March 2014 to all Districts and Funds based on prior year contributions. G H I Human Resources is researching invoice for AD&D Insurance for volunteers. Capital expenditures are related to an archiving device ($21,113), 30% payment on CAD system for CW Dispatch Center($15,997), a Property Management truck ($15,120),and an Administration SUV ($18,260). * udget transfers and resolutions processed during the month are as follows: Transfer to: Rentals & Leases + 4,500 TOTAL + 4,500 Transfer from: Operating Supplies - 4,500 TOTAL - 4,500 ** Carryforward alance: Operating Supplies $ 61,077 Printing & inding 730 Capital Project Expense 76,413 TOTAL $ 138,220

3 VILLAGE OF SPANISH SPRINGS (VOSS) UDGET Number Description of Annual udget Information Month Variance Annual udget Maintenance & Road Maintenance Payments (Assessments) $ 1,296,900 $ 217,144 $ 865,594 $ (431,306) 66.74% A Refund-General Fund 8, (8,000) 0.00% Interest Income (605) 19.33% C Ground Lease 1, (1,015) 0.00% D Rents & Leases 9,125 12,475 12,475 3, % E Total Revenues: 1,315, , ,214 (437,576) 66.74% Unrealized Gain or Loss- FMIvT - (61) % F Unrealized Gain or Loss- FLGIT - (198) % F Total Available Resources: $ 1,315,790 $ 229,426 $ 878,898 $ (436,892) 66.80% EXPENDITURES: Management Fee $ 125,887 $ 10,490 $ 41,967 $ 83, % Technology Services 2, , % Other Professional Services % Janitorial (Porter) Services 64,256 5,188 18,260 45, % Systems Management Support % G Utilities- Electricity 94,587 7,267 25,408 69, % Utilities- Natural Gas % Utilities- Water & Sewer 3, , % Irrigation Water 32,200 1,273 6,155 26, % Equipment Rental 1, , % G Storage Unit Rental 1, % Equipment Maintenance 2, , % G uilding/structure Maintenance * 251,780 15,024 35, , % G Landscape Maintenance- Recurring 193,145 27,304 56, , % Landscape Maintenance- Non-Recurring * 72,400 7,355 7,355 65, % G Irrigation Repair 21,400-2,691 18, % G Other Maintenance 251,650 15,598 58, , % ank Charges % G Miscellaneous Charges 13, ,583 7, % H Operating Supplies 4, , % G Non-Capital FF&E 40,300 2,600 4,380 35, % Subtotal Operating Expenditures 1,177,314 93, , , % Capital Outlay Expenditures 131, , % I Subtotal Non-operating Expenditures 131, , % Transfer to Road Maintenance Fund 36,353 3,029 12,121 24, % Subtotal Transfers 36,353 3,029 12,121 24, % Total Expenditures $ 1,344,667 $ 96,113 $ 278,025 $ 1,066, % Change in Unreserved Net Assets $ (28,877) $ 133,313 $ 600,873 $ 629,750 Fund alance Analysis: ** alance Forward 09/30/13 Month Year to Date alance Unassigned $ 297,148 $ 133,313 $ 600,873 $ 898,021 Committed General R&R Reserve 128, ,164 Total Fund alance $ 425,312 $ 133,313 $ 600,873 $ 1,026,185 ** eginning fund balance is preliminary until completion of 2012/13 audit.

4 VILLAGE OF SPANISH SPRINGS (VOSS) UDGET : A Annual revenue is billed in six monthly installments from October to March. One time refund from General Fund accumulated surplus; to be transferred in March 2014 to all Districts and Funds based on prior year contributions. C The interest rate at CF, our depository bank, is tied to the Federal Funds Rate, which was reduced to zero in November Month CF SA Sep % 0.18% Oct % 0.18% Nov % 0.17% Dec % 0.16% Jan % 0.15% D E F Annual Ground Lease Agreement billed in January. Rent Revenue from the Continuing Use Agreement to lease the use of Spanish Springs Town Square. Revenue above the budgeted amount is due to the additional use of the square outside the normal agreement schedule. month investment income/expense for FMIvT and FLGIT is not available until the 15th of the following month. Month FMIvT 1-3 Yr FLGIT Sep % 0.980% Oct % 2.29% Nov % 1.44% Dec % -1.56% Jan G H Majority of Miscellaneous Charges is related to the installation of Christmas Tree on The Square ($4,500). I Capital Outlay budget is related to Town Square replacement of perimeter concrete and replacement of Van Patten 2-wheeled ox cart. ** Carryforward alance: uilding/structure Maintenance $ 8,500 Landscape Maintenance- Non-recurring $ 40,000

5 ROLLING ACRES PLAZA SPECIAL REVENUE FUND UDGET Number Description of Annual udget Month Information Variance Annual udget CAM & Road Maintenance Assessments $ 107,669 $ 10,834 $ 86,001 $ (21,668) 79.88% A Refund-General Fund 1, (1,120) 0.00% Interest Income % C Total Revenues: $ 108,789 $ 10,847 $ 86,045 $ (22,744) 79.09% EXPENDITURES: Management Fee $ 19,745 $ 1,645 $ 6,585 $ 13, % Technology Services % Other Professional Services (3) 0.00% D Telephone 400 (333) % E Electricity % Irrigation Water 4, ,138 3, % uilding/structure Maintenance 2, , % F Landscape Maintenance- Recurring 25,370 1,835 7,343 18, % Gate Maintenance 2, , % Irrigation Repair % F Other Maintenance 1, , % F ank Charges % F Subtotal Operating Expenses 57,894 3,659 16,399 41, % Transfer to General R&R 20,000 1,666 6,672 13, % Transfer to Road Maintenance Fund 26,886 2,239 8,962 17, % Subtotal Transfers 46,886 3,905 15,634 31, % Total Expenditures $ 104,780 $ 7,564 $ 32,033 $ 72, % Change in Unreserved Net Assets $ 4,009 $ 3,283 $ 54,012 $ 50,003 Fund alance Analysis: ** alance Forward 09/30/13 Month Year to Date alance Unassigned $ 65,045 $ 3,283 $ 54, ,057 Committed General R&R Reserve 60,000 1,666 6,672 66,672 Total Fund alance $ 125,045 $ 4,949 $ 60,684 $ 185,729 ** eginning fund balance is preliminary until completion of 2012/13 audit. : A Revenue of $10,834 is billed in six monthly installments from October to March. Target requested their assessment billed in one annual invoice ($42,665). One time refund from General Fund accumulated surplus; to be transferred in March 2014 to all Districts and Funds based on prior year contributions. C The interest rate at CF, our depository bank, is tied to the Federal Funds Rate, which was reduced to zero in November Month CF SA Sep % 0.18% Oct % 0.18% Nov % 0.17% Dec % 0.16% Jan % 0.15% D E F Monthly fees for PFM. Phone charges are related to the Rolling Acres RV Entry gate. The current month's amount is a refund from Centurylink, due to billing errors in the previous months.

6 ROAD MAINTENANCE SPECIAL REVENUE FUND UDGET Number Description of Annual udget Month Information Variance Annual udget Road Maintenance Assessments $ 29,944 $ - $ 29,944 $ % A Refund-General Fund (400) 0.00% Interest Income (352) 12.00% C Total Revenues: 30, ,992 (752) 97.55% Transfer-in from VOSS & Rolling Acres 63,239 5,270 21,084 (42,155) 33.34% Unrealized Gain or Loss- FMIvT - (69) % D Unrealized Gain or Loss- FLGIT - (160) % D Total Available Resources: $ 93,983 $ 5,051 $ 51,758 $ (42,225) 55.07% EXPENDITURES: Management Fees $ 7,662 $ 638 $ 2,558 $ 5, % Technology Services % Other Professional Services % uilding/infrastructure Maintenance 5, , % E Other Maintenance 9, , % E Subtotal Operating Expenditures 21, ,618 19, % Capital Outlay Expenditures- Infrastructure 150, , % F Subtotal Non-operating Expenditures 150, , % Total Expenditures $ 172,761 $ 649 $ 2,618 $ 170, % Change in Unreserved Net Assets $ (78,778) $ 4,402 $ 49,140 $ 127,918 Fund alance Analysis: ** alance Forward 09/30/13 Month Year to Date alance Unassigned $ 126,563 $ 4,402 $ 49,140 $ 175,703 Committed General R&R Reserve 265, ,545 Total Fund alance $ 392,108 $ 4,402 $ 49,140 $ 441,248 ** eginning fund balance is preliminary until completion of 2012/13 audit. : A Annual revenue for maintenance assessments billed in October. One time refund from General Fund accumulated surplus; to be transferred in March 2014 to all Districts and Funds based on prior year contributions. C The interest rate at CF, our depository bank, is tied to the Federal Funds Rate, which was reduced to zero in November Month CF SA Sep % 0.18% Oct % 0.18% Nov % 0.17% Dec % 0.16% Jan % 0.15% D month investment income/expense for FMIvT and FLGIT is not available until the 15th of the following month. Month FMIvT 1-3 Yr FLGIT Sep % 0.980% Oct % 2.29% Nov % 1.44% Dec % -1.56% Jan E F Capital Outlay budget is related to Mill/Overlay roads adjacent to Town Square.

7 PULIC SAFETY DEPARTMENT SPECIAL REVENUE FUND UDGET Number Description of Annual udget Month Information Variance Annual udget Fire Assessment- Lake County Residential $ 778,861 $ 87,267 $ 691,344 $ (87,517) 88.76% A CERT Grant - 1,937 2,776 2, % Firefighter Supplemental Compensation 21,516-7,719 (13,797) 35.88% C Safety Fees from RAD 1,074,476 89, ,159 (716,317) 33.33% Safety Fees from SLAD- 323,332 26, ,777 (215,555) 33.33% Safety Fees from SLAD- Futures 1,024,096 90, ,723 (670,373) 34.54% Sumter County Fire Assessments Transfer 3,217,239 2,563,000 2,563,000 (654,239) 79.66% A Sumter County Impact Fees Transfer 1,067, (1,067,589) 0.00% D Sumter County Oxville Assessment Transfer 246, , ,541 (76,275) 69.10% A Sumter County Medical Assistance 2,639, , ,500 (1,976,828) 25.10% A Management Fees - Community Watch 120,908 10,076 40,300 (80,608) 33.33% Refund - General Fund 9, (9,680) 0.00% E Property Damage Reimbursements % F Miscellaneous Revenue % G CPR Class Fees 7, ,775 (4,225) 39.64% Tuition Reimbursement % H LSEMS Reimbursement 10, (9,357) 6.43% I Interest Income 2, (2,164) 13.44% J Donations - 1,381 6,463 6, % K Total Revenues: 10,543,341 3,705,017 4,969,754 (5,573,587) 47.14% Unrealized Gain or Loss- FMIvT - (320) 2,144 2, % L Unrealized Gain or Loss- FLGIT - (615) 1,470 1, % L Total Available Resources: $ 10,543,341 $ 3,704,082 $ 4,973,368 $ (5,569,973) 47.17% EXPENDITURES: Personnel Services $ 7,225,814 $ 532,541 $ 2,277,878 $ 4,947, % Professional Services 245,872 17,907 73, , % ing & Auditing 6,463 1,578 3,156 3, % Other Contractual Services 324,748 21,608 89, , % Travel & Per Diem 17, ,565 16, % M Communications & Freight 22, ,804 17, % Utility Service 113,700 11,768 36,991 76, % Rentals & Leases 125,690 9,660 38,446 87, % Insurance Premiums 108, ,543 (664) % N Repair & Maintenance 261,192 22,186 72, , % Other Charges 10,764-5,264 5, % Office Supplies 12, ,054 9, % Operating Supplies 310,363 21,184 70, , % ooks, Dues & Subscriptions 71,617 7,674 17,028 54, % Subtotal Operating Expenditures 8,858, ,132 2,804,413 6,053, % Capital Outlay Expenditures - Impact * 24, , % D Capital Outlay Expenditures - Non-Impact 108,000-10,481 97, % O Subtotal Non-operating Expenditures 132,744-10, , % Debt Service Payments- Principal 1,184,407 7,641 65,841 1,118, % P Debt Service Payments- Interest 3, ,328 1, % P Subtotal Debt Service 1,187,836 7,850 68,169 1,119, % Transfer to General R&R Reserve 316,515 26, , , % Subtotal Reserve Transfers 316,515 26, , , % Total Expenditures $ 10,495,290 $ 682,358 $ 2,988,570 $ 7,506, % Change in Unreserved Net Assets $ 48,051 $ 3,021,724 $ 1,984,798 $ 1,936,747 GL Date: 2/19/14

8 PULIC SAFETY DEPARTMENT SPECIAL REVENUE FUND UDGET Fund alance Analysis: ** alance Forward 09/30/13 Month Year to Date alance Unassigned $ 2,362,663 $ 3,021,724 $ 1,984,798 $ 4,347,461 Committed General R&R Reserve 742,443 26, , ,950 Total Fund alance $ 3,105,106 $ 3,048,100 $ 2,090,305 $ 5,195,411 ** eginning fund balance is preliminary until completion of 2012/13 audit. : A C D E Fire assessments start to be collected as tax bills are paid and assessments are received from the counties. Revenue is related to funds received from the State of Florida, Division of Emergency Management for homeland security activities. Supplemental Compensation is received on a quarterly basis. Sumter County Impact Fee revenue is reimbursed by the County as capital outlay dollars are spent. One time refund from General Fund accumulated surplus; to be transferred in March 2014 to all Districts and Funds based on prior year contributions. F Property Damage receipt is related to reimbursement of expenses for restoration of roll up door on Station 41. G H I Miscellaneous Revenue is related to reimbursement for damages to VPSD Rescue. Revenue is related to the reimbursement of the Paramedic Training Program for employees that leave the District before their two-year obligation ends. LSEMS Reimbursement represents payments for medical supplies which decreased substantially as a result of Sumter County changing providers. J The interest rate at CF, our depository bank, is tied to the Federal Funds Rate, which was reduced to zero in November Month CF SA Sep % 0.18% Oct % 0.18% Nov % 0.17% Dec % 0.16% Jan % 0.15% K L Payments received for AED Donations and employee appreciation payments. month investment income/expense from FMIvT and FLGIT is not available until the 15th of the following month. Month FMIvT 1-3 Yr FLGIT Sep % 0.980% Oct % 2.29% Nov % 1.44% Dec % -1.56% Jan M N Insurance premiums for fiscal year were paid in October. O Non-Impact Capital expenditures relate to Segway Transporter ($10,481). P Once a year payment to ank of America for Capital leases for fire vehicles paid in October. Fire Station 44 and 45 payments of $806,864 and $250,000 to be made in late August or early September. * Carryforward alance: Capital Outlay Expenditures - Impact + 4,744 TOTAL + 4,744 GL Date: 2/19/14

9 COMMUNITY STANDARDS SPECIAL REVENUE FUND OPERATING UDGET Number Description of Annual udget Information Month Variance Annual udget Community Standard Fees from RAD $ 55,734 $ 4,644 $ 18,578 $ (37,156) 33.33% Community Standard Fees from District 1 35,478 2,956 11,827 (23,651) 33.34% Community Standard Fees from District 2 35,253 2,937 11,751 (23,502) 33.33% Community Standard Fees from District 3 37,683 3,141 12,561 (25,122) 33.33% Community Standard Fees from District 4 45,246 3,770 15,082 (30,164) 33.33% Community Standard Fees from District 5 58,570 4,880 19,523 (39,047) 33.33% Community Standard Fees from District 6 64,737 5,394 21,579 (43,158) 33.33% Community Standard Fees from District 7 52,313 4,361 17,438 (34,875) 33.33% Community Standard Fees from District 8 97,057 8,088 32,352 (64,705) 33.33% Community Standard Fees from Developer 74,236 6,187 24,745 (49,491) 33.33% Refund-General Fund 6, (6,720) 0.00% A Deed Compliance Fines 25,000 1,000 10,400 (14,600) 41.60% Interest Income % C Total Revenues: $ 588,027 $ 47,372 $ 195,893 $ (392,134) 33.31% EXPENDITURES: Salary & Wages $236,652 $16,694 $69,513 $167, % Employee enefits 97,095 8,655 41,259 55, % Subtotal Personnel Services 333,747 25, , , % VCCDD Management Fees 141,921 11,826 47,313 94, % Legal Fees 48,000-12,510 35, % Technology Services 5, ,861 3, % Other Professional Services % D Systems Management Support 11, ,854 10, % Telephone % Postage 3, , % Equipment Rental 1, , % E Vehicle Repair & Maintenance % F Other Maintenance 12, ,075 8, % Printing & inding 1, , % E Legal Advertising % E Office Supplies 3, , % E Gasoline/Diesel 15, ,942 13, % Operating Materials & Supplies 2, , % E Non-Capital FF&E % E Training & Education 1, , % E Surplus Fines 4, , % E Subtotal Operating Expenses 254,280 14,934 70, , % Total Expenditures $ 588,027 $ 40,283 $ 181,063 $ 406, % Change in Net Assets (Modified Accrual asis) $ - $ 7,089 $ 14,830 $ 14,830 Fund alance Analysis: ** alance Forward 09/30/13 Month Year to Date alance Unassigned $ 146,936 $ 7,089 $ 14,830 $ 161,766 Committed - Deed Compliance 40, ,733 Total Fund alance $ 187,669 $ 7,089 $ 14,830 $ 202,499 ** eginning fund balance is preliminary until completion of 2012/13 audit. GL Date:

10 COMMUNITY STANDARDS SPECIAL REVENUE FUND OPERATING UDGET : A One time refund from General Fund for accumulated surplus; to be transferred in March 2014 to all Districts and Funds based on prior year contributions. Represents billings for maintenance expenditures to bring properties into compliance with deed restrictions. C The interest rate at CF, our depository bank, is tied to the Federal Funds Rate, which was reduced to zero in November SA Interest began November, Month CF SA Sep % 0.18% Oct % 0.18% Nov % 0.17% Dec % 0.16% Jan % 0.15% D PFM fees budgeted at $11 for year; actual annual portion of professional services will be $30. E F One of the trucks broke down on the road, this month. The towing and evaluation expense was $367. The truck can not be repaired and will need to be replaced. GL Date:

11 RECREATION AMENITIES DIVISION (RAD) Information Number Description of Annual udget Month Variance Annual udget Refund - General Fund $ 349, (349,440) 0.00% A Amenity Fees 36,548,275 3,059,498 12,206,629 (24,341,646) 33.40% Other General Government Charges 416,380 50, ,326 (209,054) 49.79% Other Public Safety Charges & Fees 92,600 10,962 61,069 (31,531) 65.95% Parks & Recreation Fees & Charges 1,445, , ,231 (951,069) 34.20% Other Culture/Recreation 2,500 1,114 1,114 (1,386) 44.56% Interest Income 13,000 1,002 3,451 (9,549) 26.55% C Rentals & Royalties 546,047 76, ,328 (314,719) 42.36% Disposition of Fixed Assets/Surplus Material % D Total Revenues: 39,413,542 3,331,913 13,205,161 (26,208,381) 33.50% Unrealized Gain or Loss- FMIvT - (3,895) 26,077 26, % E Unrealized Gain or Loss- FLGIT - (14,057) 19,562 19, % E Total Available Resources: $ 39,413,542 $ 3,313,961 $ 13,250,800 $ (26,162,742) 33.62% EXPENSES : Administrative Services $ 1,470,657 $ 122,554 $ 490,224 $ 980, % Community Watch Services 1,917, , ,184 1,278, % Property Management Services 621,347 51, , , % Recreation Services 2,304, , ,217 1,536, % Engineering Services 33,309 3,941 4,714 28, % F Legal Services 200,000 3,646 32, , % F Deed Compliance Services 55,734 4,645 18,579 37, % Technology Services 342,561 28, , , % Other Professional Services 17, ,332 14, % F Subtotal Professional Services 6,962, ,310 2,276,824 4,686, % ing & Auditing Services 82,064 6,205 12,410 69, % F Other Contractual Services 2,834, , ,159 1,932, % Communications & Freight Services 150,180 5,258 46, , % Utilities Services 1,570, , ,296 1,182, % Rentals & Leases * 31,212 1,961 4,539 26, % F Casualty & Liability Insurance 536,274 45, , , % Repairs & Maintenance Services ** 7,784, ,580 1,953,821 5,830, % Printing & inding 263,720 26,923 65, , % Promotional Activities 65,200 5,801 22,317 42, % Other Charges 123,817 5,315 69,488 54, % G Office Supplies 19, ,943 15, % Operating Supplies * / ** 681,546 21,018 66, , % F Subtotal Operating Expenses 21,105,375 1,571,637 5,995,842 15,109, % Capital Project Expense ** 2,663,726 81, ,799 2,363, % Settlement Projects - 347,130 1,111,634 (1,111,634) 0.00% H Debt Service Principal- RAD Senior Lien onds 7,135,000 3,155,000 7,135, % I Debt Service Interest- RAD Senior Lien onds 9,455, ,760 3,150,797 6,304, % Miscellaneous ond Expense (47) 0.00% J ad Debts Expense-Prop - (34) (34) % K Subtotal Non-operating Expenses 16,590,659 3,925,749 10,285,810 6,304, % Transfer to General R&R 2,000, , ,672 1,333, % Subtotal Transfers 2,000, , ,672 1,333, % Total Expenses $ 42,359,760 $ 6,092,387 $ 18,359,757 $ 24,000, % Change in Unreserved Net Assets $ (2,946,218) $ (2,778,426) $ (5,108,957) $ (2,162,739)

12 RECREATION AMENITIES DIVISION (RAD) Fund alance Analysis: ** alance Forward 09/30/13 Month Year to Date alance Unrestricted - Unreserved $ 34,167,553 $ (2,778,426) $ (5,108,957) $ 29,058,596 Unrestricted R&R General Reserve 10,412, , ,672 11,079,341 Unrestricted R&R Insurance Reserve 300, ,000 Restricted Debt Service 1,206, ,206,274 Total Fund alance $ 46,086,496 $ (2,611,760) $ (4,442,285) $ 41,644,211 ** eginning fund balance is preliminary until completion of 2012/13 audit. A C One time refund from General Fund accumulated surplus; to be transferred in March 2014 to all Districts and Funds based on prior year contributions. Majority of revenue collected is related to Sumter and Lake Special Events held on The Squares. The interest rate at CF, 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 oard of Administration (SA). The interest rate at US ank, our trustee, was also reduced to zero in July In August 2010 US ank migrated our Debt Service investments from 1st American Money Market to Federated and Fidelity Prime Money Market s. Interest for the trust accounts are posted on a month lag basis and 1999 bonds are invested with Federated and the 2001, 2003 and 2004 bonds are with Fidelity. Month CF SA US - Fed US - Fidel Sep % 0.18% 0.03% 0.01% Oct % 0.18% 0.04% 0.01% Nov % 0.17% 0.03% 0.01% Dec % 0.16% 0.03% 0.01% Jan % 0.15% 0.02% 0.01% D E Unbudgeted revenue is related to auction proceeds from the sale of miscellaneous assets. month investment income/expense for FMIvT and FLGIT is not available until the 15th of the following month. Month FMIvT 1-3 Yr FLGIT Sep % 0.980% Oct % 2.29% Nov % 1.44% Dec % -1.56% Jan F G Majority of Other Charges are related to ond Maintenance Assessments ($ 54,202) and ank Charges ($ 13,586). H I J K Majority of Settlement Project expenditures are related to Paradise Park Renovations ($671,107), Lindsey Golf Maintenance ($27,527), La Hacienda Renovations($260,211), and Southside Pool Renovations($144,943). Principal payments are made in November and January. Miscellaneous bond expense is related to the interest paid to the developer on our US ank reserve accounts, which reduces The current amount for ad Debt Expense is due to the payment of a utility receivable that was previously written off. * udget transfers and resolutions processed during the month are as follows: Transfer to: Equipment Rental + 8,000 TOTAL + 8,000 Transfer from: Non-Capital FF&E - 8,000 TOTAL - 8,000 ** Carryforward alance: uilding / Structure Maintenance $ 157,212 Landscape Maint.-Non-Recurring 145,000 Other Maintenance (38,200) Non-Capital Hardware/Software 15,000 uildings 226,079 Infrastructure 319,591 Capital FF&E 21,840 TOTAL $ 846,522

13 LITTLE SUMTER SERVICE AREA UTILITY Information Number Description of Annual udget Month Variance Annual udget Water Fees- Residential $ 4,205,120 $ 307,187 $ 1,328,682 $ (2,876,438) 31.60% Water Fees- Commercial 284,400 26, ,644 (183,756) 35.39% Sewer Fees- Residential 4,425, ,187 1,417,746 (3,008,011) 32.03% Sewer Fees- Commercial 408,362 34, ,730 (275,632) 32.50% Meter/Water Impact Fees 3, (2,786) 7.13% A Reconnect Fees 5, ,140 (3,860) 22.80% Fire Protection Water 22,285 2,087 8,130 (14,155) 36.48% Metered Irrigation Water 529,121 43, ,401 (376,720) 28.80% NSF Check Fees 2, (1,040) 48.00% Miscellaneous Water & Sewer 76,500 6,543 31,646 (44,854) 41.37% Refund-General Fund 14, (14,640) 0.00% Utility Late Penalty Fee 15,000 2,340 7,964 (7,036) 53.09% Miscellaneous Revenue - 12,286 12,310 12, % C Interest Income 7, ,405 (5,595) 20.07% D Sales of Surplus Material & Sc 3, (3,500) 0.00% E Total Revenues: 10,001, ,184 3,195,972 (6,805,713) 31.95% Unrealized Gain or Loss- FMIvT - (640) 4,953 4, % F Unrealized Gain or Loss- FLGIT - (3,460) 4,287 4, % F Total Available Resources: $ 10,001,685 $ 780,084 $ 3,205,212 $ (6,796,473) 32.05% EXPENSES: Management Services $ 292,605 $ 24,383 $ 97,541 $ 195, % Engineering Services 249,592 20,588 65, , % Legal Services 2, , % Technology Services 25,889 2,157 8,633 17, % Other Professional Services 30, ,054 28, % G Auditing Services 6,149 1,578 3,155 2, % Trustee Fees 11,314-11, % H Arbitrage Services 3, , % G Systems Management Support 7,778 1,093 1,829 5, % Misc Contractual Services 1,508, , ,131 1,012, % Telephone 200 (7) % I Postage 2, , % G Electricity * 590,000 45, , , % Insurance 22,860 1,951 7,806 15, % uilding/structure Maintenance 161,902 1,950 20, , % G Landscape Maintenance-Non-recurring 6,800-1,245 5, % Vehicle Repair & Maintenance 15, , % G Printing and inding 2, , % G anking Charges % J Permits and Licenses 11, , % G Legal Advertising 2, , % G Misc Charges * 22,000-9,286 12, % Operating Supplies 1, , % G Non-Capital FFE ** 13,721-3,023 10, % Meter Supplies 10,000-1,032 8, % G Operating Supplies-Other 99,496 7,932 15,102 84, % Subtotal Operating Expenses 3,098, , ,931 2,212, % Capital Outlay Expenses- Infrastructure ** 1,171,431 28,455 68,810 1,102, % K Subtotal Capital Outlay- Expenses 1,171,431 28,455 68,810 1,102, % Debt Service Principal 1,670,000 1,670, % L Debt Service Interest 3,787, ,042 1,252,176 2,535, % Subtotal Non-operating Expenses 5,457, ,042 2,922,176 2,535, % Transfer to General R&R 500,000 41, , , % Transfer to udgeted Reserve 500,000 41, , , % Total Expenses $ 10,227,649 $ 614,545 $ 4,043,589 $ 6,184, % Change in Unreserved Net Assets $ (225,964) $ 165,539 $ (838,377) $ (612,413)

14 LITTLE SUMTER SERVICE AREA UTILITY Fund alance Analysis: ** alance Forward 09/30/13 Month Year to Date alance Unrestricted Unreserved $ (9,345,466) $ 165,539 $ (838,377) $ (10,183,843) Restricted Debt Service 4,881,938 $ 4,881,938 Unrestricted R&R General 1,350,000 41, ,672 1,516,672 Unrestricted Capital Project 400, ,000 Total Fund alance $ (2,713,527) $ 207,205 $ (671,705) $ (3,385,232) ** eginning fund balance is preliminary until completion of 2011/12 audit. : A Meter impact fees are budgeted at $250 per month; actual revenues are averaging $54 per month. One time refund from General Fund for accumulated surplus; to be transferred in March 2014 to all Districts and Funds based on prior year contributions. C Miscellaneous revenue is related to the OMI Rebate ($12,285), and Postage Due ($25). D The interest rate at CF, 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 oard of Administration (SA). The interest rate at US ank, our trustee, was also reduced to zero in July In August 2010 US ank migrated our Debt Service investments from 1st American Money Market to Federated and Fidelity Prime Money Market s. Interest for the trust accounts are posted on a month lag basis. LSSA trust accounts were invested with Fidelity Prime. Month CF SA US - Fed US - Fidel Sep % 0.18% 0.03% 0.01% Oct % 0.18% 0.04% 0.01% Nov % 0.17% 0.03% 0.01% Dec % 0.16% 0.03% 0.01% Jan % 0.15% 0.02% 0.01% E F No Recycling Proceeds have been received to date. month investment income/expense for FMIvT and FLGIT is not available until the 15th of the following month. Month FMIvT 1-3 Yr FLGIT Sep % 3.40% Oct % 2.29% Nov % 1.44% Dec % -1.56% Jan G H I J K L Annual fee to our bond trustee, U. S. ank, for their services. The current month's credit for telephone is due to the cancellation of cellular service. anking charges are related to deposit slip order. month's credit is due to the refund of sales tax on the deposit slip order. Capital expenses are related to the water treatment plant service pump replacement ($21,187), the meter change out program ($11,261), the water treatment plant sludge tank blower replacement ($7,907) and Mag Meter replacement (28,455). Principal payment for year was paid on October 1st. * udget transfers and resolutions processed during the month are as follows: Transfer to: Misc Charges + 20,000 TOTAL + 20,000 Transfer from: Electricity - 20,000 TOTAL - 20,000 ** Carryforward alance: Non-Capital FFE $ 3,741 Capital Outlay Expenses- Infrastructure 237,826 TOTAL $ 241,567

15 VILLAGE CENTER SERVICE AREA UTILITY Four (4) Month of Operations % of Year Number Description of Annual udget Month Information Variance Annual udget Water Fees- Residential $ 2,533,486 $ 176,198 $ 726,864 $ (1,806,622) 28.69% Water Fees- Commercial 202,585 17,649 67,160 (135,425) 33.15% Sewer Fees- Residential 2,988, , ,321 (1,996,300) 33.20% Sewer Fees- Commercial 445,487 41, ,653 (293,834) 34.04% Meters Impact Fees (200) 0.00% A Reconnect Fees 4, ,187 (3,313) 26.38% Fire Protection Water 14,742 1,263 4,926 (9,816) 33.41% Metered Irrigation Water 331,365 20,140 87,644 (243,721) 26.45% NSF Check Fees 2, ,090 (910) 54.50% Miscellaneous Water & Sewer 48,000 4,663 13,671 (34,329) 28.48% Utility Late Penalty Fee 40,000 4,647 17,723 (22,277) 44.31% Refund-General Fund 12, (12,640) 0.00% C Miscellaneous Revenue - 57,124 57,139 57, % D Interest Income 7, ,329 (5,671) 18.99% E Disposition of Fixed Assets/Surplus Material 2, (2,000) 0.00% F Total Revenues: 6,632, ,061 2,122,707 (4,509,919) 32.00% Unrealized Gain or Loss- FMIvT - (1,028) 7,285 7, % G Unrealized Gain or Loss- FLGIT - (4,535) 5,995 5, % G Total Available Resources: $ 6,632,626 $ 567,498 $ 2,135,987 $ (4,496,639) 32.20% EXPENSES : Management Services $ 322,185 $ 26,848 $ 107,401 $ 214, % Engineering Services 216,922 13,673 55, , % Legal Services 3, , % Technology Services 31,470 2,625 10,486 20, % Other Professional Services 24, , % H Auditing Services 4,544 1,157 2,314 2, % Trustee Fees 10,009-10, % I Arbitrage Services 3,000 3,000 3, % J Systems Management Support 4, , % H Misc Contractual Services 1,508, , ,904 1,005, % Telephone 200 (7) % K Postage 1, , % Electricity * 480,000 33, , , % Insurance 10, ,673 7, % uilding/structure Maintenance 127,080 (11,962) 22, , % L Landscape Maint-Non-Recurring 5, ,100 3, % Vehicle Repair & Maintenance 15, , % H Printing and inding 2, , % anking Charges % M Permits and Licenses 11,000-9,255 1, % N Legal Advertising 1, , % H Misc Charges * 22,000-6,507 15, % Operating Supplies 1, , % H Non-Capital FFE ** 10,869-3,023 7, % Operating Supplies-Other 64,605 5,111 8,255 56, % H Meter Supplies 10, , % H Subtotal Operating Expenses 2,890, , ,776 2,034, % Capital Project Expense ** 2,953,914 48,167 1,234,422 1,719, % O Debt Service Principal 1,285,000-1,285, % P Debt Service Interest 892,156 71, , , % Subtotal Non-operating Expenses 2,177,156 71,535 1,571, , % Transfer to General R&R 300,000 25, , , % Transfer to udgeted Reserve 300,000 25, , , % Total Expenses $ 8,321,841 $ 346,771 $ 3,761,343 $ 4,560, % Change in Unreserved Net Assets $ (1,689,215) $ 220,727 $ (1,625,356) $ 63,859

16 VILLAGE CENTER SERVICE AREA UTILITY Four (4) Month of Operations % of Year Fund alance Analysis: ** alance Forward 09/30/13 Month Year to Date alance Unrestricted Unreserved $ 7,465,019 $ 220,727 $ (1,625,356) $ 5,839,663 Restricted Debt Service 851, ,200 Unrestricted Capital Projects 600, ,000 Unrestricted R&R General 2,450,000 25, ,000 2,550,000 Unrestricted Water CIAC 12, ,238 Unrestricted Sewer CIAC 20, ,553 Total Fund alance $ 11,399,010 $ 245,727 $ (1,525,356) $ 9,873,654 ** eginning fund balance is preliminary until completion of 2012/13 audit. : A No Meter Impact Fees have been charged to date. C D NSF Fees revenue budget at $167 per month; actual revenue higher than anticipated. One time refund from General Fund for accumulated surplus; to be transferred in March 2014 to all Districts and Funds based on prior year contributions. Miscellaneous revenue generally relates to postage. This account also includes $57,491 in OMI Rebates. E The interest rate at CF, 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 oard of Administration (SA). The interest rate at US ank, our trustee, was also reduced to zero in July In August 2010 US ank migrated our Debt Service investments from 1st American Money Market to Federated and Fidelity Prime Money Market s. Interest for the trust accounts are posted on month lag basis. VCSA trust accounts were invested with Federated. Month CF SA US - Fed US - Fidel Oct % 0.18% 0.04% 0.01% Nov % 0.17% 0.03% 0.01% Dec % 0.16% 0.03% 0.01% Jan % 0.15% 0.02% 0.01% F G H I No Recycling Proceeds have been received to date. month investment income/expense for FMIvT and FLGIT is not available until the 15th of the following month. Month FMIvT 1-3 Yr FLGIT Oct % 2.29% Nov % 1.44% Dec % -1.56% Jan Annual fee for our trustee and arbitrage. J Arbitrage rebate services for 5 years ending October 31, K L M N The current month's credit for telephone is due to the cancellation of cellular service. uilding/structure Maintenance includes an overpayment refund of $12, from Utility Service Co. anking charges are related to deposit slip order. Permit expense relates to the Annual Operating License Fee. O Capital Project budgeted for this fiscal year are: uildings (50,000); Infrastructure (2,634,522) and Vehicles (269,392). To date, expenditures have totaled: Infrastructure (965,030) which equates to 37% of the budget and Vehicles (269,392). which equates to 100% of the budget for a new Vactor Pump Truck. uilding expenditures are planned later this year for the Wastewater Plant Parking Lot Addition. P Principal payment for year was paid on October 1st. * udget transfers and resolutions processed during the month are as follows: Transfer to: Misc Charges + 20,000 TOTAL + 20,000 Transfer from: Electricity - 20,000 TOTAL - 20,000 ** Carryforward alance: Non-Capital FFE $ 3,741 Capital Outlay Expenses- Infrastructure 1,553,914 TOTAL $ 1,557,655

17 FITNESS FUND UDGET Number Description of Annual udget Month Information Variance Annual udget Refund-General Fund $ 2,000 - $ - $ (2,000) 0.00% A Merchandise- Fitness (44) 56.00% Mulberry Grove Fitness Memberships 140,000 16,534 51,553 (88,447) 36.82% Interest Income (45) 55.00% C Total Revenues: $ 142,200 $ 16,550 $ 51,664 $ (90,536) 36.33% EXPENSES: Other Salaries & Wages $ 44,615 $ 2,916 $ 11,966 $ 32, % Social Security Taxes 2, , % Medicare Taxes % Workmen's Compensation 1, , % D Subtotal Personnel Services 49,603 3,303 14,362 35, % Management Fees 26,443 2,203 8,819 17, % Technology Services % Other Professional Services (4) 0.00% E Janitorial Services 15,944 1,142 4,567 11, % Systems Management Support 5, , % F Telephone 1, % Cable 1, , % F Electricity 6, ,372 5, % Natural Gas % F Water & Sewer % Irrigation Water % Solid Waste % Equipment Maintenance 10,000 2,101 4,095 5, % uilding/structure Maintenance 2, , % F Landscape Maintenance Recurring 2, , % Landscape Maintenance Non-Recurring % F Irrigation Repair % F Other Maintenance % F Printing & inding % G ank Charges 3, , % Overage & shortage - - (5) % H Misc Charges % F Office Supplies % Operating Supplies 6, , % F Recreation Supplies % F Non-Capital FF&E 10, , % F Non-Capital Hardware/Software 1, , % F Subtotal Contractual & Other Expenses 96,425 6,929 22,953 73, % Total Expenses $ 146,028 $ 10,232 $ 37,315 $ 108, % Change in Unreserved Net Assets $ (3,828) $ 6,318 $ 14,349 $ 18,177

18 FITNESS FUND UDGET Fund alance Analysis: ** alance Forward 09/30/13 Month Year To Date alance Unrestricted Unreserved $ 93,867 $ 6,318 $ 14,349 $ 108,216 Unrestricted General R&R Reserve 25, ,000 Total Fund alance $ 118,867 $ 6,318 $ 14,349 $ 133,216 ** eginning fund balance is preliminary until completion of 2012/13 audit. : A One time refund from General Fund for accumulated surplus; to be transferred in March 2014 to all Districts and Funds based on prior year contributions. Merchandise revenue (headsets) budget at $8 per month; actual revenue averaging $14 per month. C The interest rate at CF, our depository bank, is tied to the Federal Funds Rate, which was reduced to zero in November Month CF SA Sep % 0.18% Oct % 0.18% Nov % 0.17% Dec % 0.16% Jan % 0.15% D E F G H Annual PGIT workers compensation insurance payment made in October. Other Professional Services expenditure is related to VC Fitness PFM fee. Printing and binding expenditure is related to the purchase of business cards, rack cards, and membership forms for Mulberry Fitness. In October, a $5 overage was collected at the fitness center.