Bridgewater of Wesley Chapel Community Development District

Transcription

1 Bridgewater of Wesley Chapel Community Development District bwccdd.org Adopted Fiscal Year 2017/2018 Presented by: Rizzetta & Company, Inc Old Pasco Road Suite 100 Wesley Chapel, Florida Phone: rizzetta.com

2 Final Budget Bridgewater of Wesley Chapel Community General Fund Fiscal Year 2017/2018 Chart of Accounts Classification 2017/ REVENUES 3 13 Interest Earnings $ - 14 Special Assessments 15 Tax Roll* $ 773, Off Roll* $ TOTAL REVENUES $ 773, Balance Forward from Prior Year $ TOTAL REVENUES AND BALANCE FORWARD $ 773, *Allocation of assessments between the Tax Roll and Off Roll EXPENDITURES - ADMINISTRATIVE Legislative 43 Supervisor Fees $ 12, Financial & Administrative 45 Administrative Services $ 5, District Management $ 25, District Engineer $ 10, Disclosure Report $ 1, Trustees Fees $ 3, Assessment Roll $ 5, Financial & Revenue Collections $ 5, Accounting Services $ 15, Auditing Services $ 5, Arbitrage Rebate Calculation $ Rentals & Leases $ Public Officials Liability Insurance $ 3, Legal Advertising $ 1, Bank Fees $ - 62 Dues, Licenses & Fees $ Tax Collector /Property Appraiser Fees $ Website Hosting, Maintenance, Backup (and $ 1, ) Legal Counsel 68 District Counsel $ 12, Administrative Subtotal $ 106, EXPENDITURES - FIELD OPERATIONS Law Enforcement 79 Deputy $ 27, Electric Utility Services 91 Utility Services $ 40, Street Lights $ 31, Stormwater Control 113 Aquatic Maintenance $ 27, Fountain Service Repairs & Maintenance $ 1, Midge Fly Treatments $ 90, Pond Aeration $ 160, Lake/Pond Bank Maintenance $ 40, Aquatic Plant Replacement $ 16, Stormwater System Maintenance $ 2, Other Physical Environment 126 Management Contract $ 6, General Liability Insurance/Casualty/Property $ 3, Entry & Walls Maintenance $ 2, Landscape Maintenance $ 102, Well Maintenance $ Tree Trimming Services $ 2, Annuals - 4 Rotations $ 4, Irrigation Maintenance /Repairs $ 5, Landscape - Mulch $ 25, Landscape Replacement Plants, Shrubs, Trees $ 25, Field Services $ 6,000

3 Final Budget Bridgewater of Wesley Chapel Community General Fund Fiscal Year 2017/2018 Chart of Accounts Classification 2017/ Fire Ant Treatment $ 4, Road & Street Facilities 156 Street Light Decorative Light Maintenance $ 1, Sidewalk Repair & Maintenance $ 10, Street Sign Repair & Replacement $ 1, Roadway Repair & Maintenance $ 5, Parks & Recreation 218 Contingency 220 Miscellaneous Contingency $ 25, Field Operations Subtotal $ 666, Contingency for County TRIM Notice TOTAL EXPENDITURES $ 773, EXCESS OF REVENUES OVER EXPENDITURES $ - 231

4 Final Budget BWC Community Development District Reserve Fund Fiscal Year 2017/2018 Chart of Accounts Classification 2017/ REVENUES 5 Interest Earnings $ - 5 Interest Earnings $ Special Assessments 5 Tax Roll* $ 55,000 6 Off Roll* $ - 7 Contributions & Donations from Private Sources 8 Developer Contributions $ - 9 Owners Association $ - 10 Other Miscellaneous Revenues 11 Miscellaneous Revenues $ TOTAL REVENUES $ 55, Balance Forward from Prior Year $ TOTAL REVENUES AND BALANCE FORWARD $ 55, *Allocation of assessments between the Tax Roll and Off Roll EXPENDITURES Contingency 24 Capital Reserves $ 55, Capital Outlay $ TOTAL EXPENDITURES $ 55, EXCESS OF REVENUES OVER EXPENDITURES $ - 30

5 Budget Template Bridgewater of Wesley Chapel Community Development District Debt Service Fiscal Year Chart of Accounts Classification Series REVENUES Special Assessments Net Special Assessments (1) 354, , TOTAL REVENUES 354, , EXPENDITURES Administrative Financial & Administrative Bank Fees 0.00 Debt Service Obligation 354, , Administrative Subtotal 354, , TOTAL EXPENDITURES 354, , EXCESS OF REVENUES OVER EXPENDITURES Collection and Discount % applicable to the county: 6.0% Gross assessments $ 376, Notes: Tax Roll Collection Costs for Pasco County is 6.0% of Tax Roll. Budgeted net of tax roll assessments. See Assessment Table. (1) Maximum Annual Debt Service less Prepaid Assessments received.

6 Bridgewater of Wesley Chapel Community Development District FISCAL YEAR 2017/2018 O&M & DEBT SERVICE ASSESSMENT SCHEDULE 2017/2018 O&M Budget $828, Pasco County 6% Collection Cost: 6% $52, /2018 Total: $880, /2017 O&M Budget $554, /2018 O&M Budget $828, Total Difference: $273, PER UNIT ANNUAL ASSESSMENT Proposed Increase / Decrease 2016/ /2018 $ % Debt Service - SINGLE FAMILY $ $ $ % Operations/Maintenance - SINGLE FAMILY $ $1, $ % Total $1, $1, $ %

7 BRIDGEWATER OF WESLEY CHAPEL FISCAL YEAR 2017/2018 O&M & DEBT SERVICE ASSESSMENT SCHEDULE TOTAL O&M BUDGET $828, COLLECTION 6.0% $52, TOTAL O&M ASSESSMENT $880, UNITS ASSESSED (1) TOTAL SERIES 2014 ALLOCATION OF O&M ASSESSMENT SERIES 2014 PER LOT ANNUAL ASSESSMENT DEBT TOTAL % TOTAL TOTAL DEBT SERVICE DEBT LU LOT SIZE O&M SERVICE (2) EAU FACTOR EAU's EAU's O&M BUDGET ASSESSMENT O&M SERVICE (3) TOTAL (4) 0 SF SINGLE FAMILY % $880, $376, $1, $ $1, $880, $376, LESS: Pasco County Collection Costs and Early Payment Discount Costs ($52,851.83) ($22,615.84) Net Revenue to be Collected $828, $354, (1) Reflects 2 (two) Series 2014 prepayments. (2) Reflects the number of total lots with Series 2014 debt outstanding. (3) Annual debt service assessment per lot adopted in connection with the Series 2014 bond issue. Annual assessment includes principal, interest, Pasco County collection costs and early payment discount costs. (4) Annual assessment that will appear on November 2017 Pasco County property tax bill. Amount shown includes all applicable collection costs. Property owner is eligible for a discount of up to 4% if paid early.