Village Walk Of Bonita Springs Community Development District. Final Budget For Fiscal Year 2015/2016 October 1, September 30, 2016

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1 Village Walk Of Bonita Springs Community Development District Final Budget For Fiscal Year 215/216 October 1, 215 September 3, 216

2 CONTENTS I II FINAL BUDGET DETAILED FINAL BUDGET III DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 27) IV DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 215) V ASSESSMENT COMPARISON

3 FINAL BUDGET FISCAL YEAR 215/216 OCTOBER 1, 215 SEPTEMBER 3, 216 FISCAL YEAR 215/216 REVENUES BUDGET O & M ASSESSMENTS 12,424 DEBT ASSESSMENTS SERIES 25/ ,658 DEBT ASSESSMENTS SERIES ,646 OTHER REVENUES INTEREST INCOME 42 TOTAL REVENUES $ 1,177,148 SUPERVISOR FEES 2,4 ENGINEERING/MAINTENANCE 2, MANAGEMENT 36,948 SECRETARIAL 4,2 LEGAL 9,5 ASSESSMENT ROLL 1, AUDIT FEES 3,4 ARBITRAGE REBATE FEE SERIES 25/ ARBITRAGE REBATE FEE SERIES INSURANCE 6,9 LEGAL ADVERTISING 1,4 MISCELLANEOUS 1, POSTAGE 7 OFFICE SUPPLIES 8 DUES & SUBSCRIPTIONS 175 WEBSITE MANAGEMENT 1,5 TRUSTEE FEES SERIES 25/215 3,9 TRUSTEE FEES SERIES 27 3,9 CONTINUING DISCLOSURE FEE SERIES 25/215 1, CONTINUING DISCLOSURE FEE SERIES 27 1, TOTAL $ 11,23 REVENUES LESS $ 1,67,125 BOND PAYMENTS (SERIES 25/215) (377,775) BOND PAYMENTS (SERIES 27) (645,52) BALANCE $ 43,83 COUNTY APPRAISER & TAX COLLECTOR ADMINISTRATIVE COSTS (11,226) DISCOUNTS FOR EARLY PAYMENTS (44,94) EXCESS/ (SHORTFALL) $ (12,3) CARRYOVER FROM PRIOR YEAR 12,3 NET EXCESS/ (SHORTFALL) $ Note: Projected Available Funds Balance As Of 9315 is $18, 7/1/215 7:54 AM I

4 DETAILED FINAL BUDGET FISCAL YEAR 215/216 OCTOBER 1, 215 SEPTEMBER 3, 216 FISCAL YEAR FISCAL YEAR FISCAL YEAR 213/ / /216 REVENUES ACTUAL BUDGET BUDGET COMMENTS O & M ASSESSMENTS 12,759 12,479 12,424 Expenditures Less Interest & Carryover/.95 DEBT ASSESSMENTS SERIES 25/ , ,64 397,658 Bond Payments/.95 DEBT ASSESSMENTS SERIES , , ,646 Bond Payments/.95 OTHER REVENUES INTEREST INCOME Interest Projected At $35 Per Month TOTAL REVENUES $ 1,26,996 $ 1,265,116 $ 1,177,148 SUPERVISOR FEES 2,4 2,4 Supervisor Fees ENGINEERING/MAINTENANCE 12,296 2, 2, No Change From 214/215 Budget MANAGEMENT 36,12 36,66 36,948 CPI Adjustment SECRETARIAL 4,2 4,2 4,2 No Change From 214/215 Budget LEGAL 8,922 9,5 9,5 No Change From 214/215 Budget ASSESSMENT ROLL 1, 1, 1, As Per Contract AUDIT FEES 4,5 4,6 3,4 Accepted Amount For 214/215 Audit ARBITRAGE REBATE FEE SERIES 25/ No Change From 214/215 Budget ARBITRAGE REBATE FEE SERIES No Change From 214/215 Budget INSURANCE 6,13 6,6 6,9 Insurance Company Estimate LEGAL ADVERTISING 1,412 1,4 1,4 No Change From 214/215 Budget MISCELLANEOUS 8 1, 1, No Change From 214/215 Budget POSTAGE $1 Decrease From 214/215 Budget OFFICE SUPPLIES $1 Decrease From 214/215 Budget DUES & SUBSCRIPTIONS No Change From 214/215 Budget WEBSITE MANAGEMENT 1,5 Website Management TRUSTEE FEES SERIES 25/215 3,233 3,9 3,9 No Change From 214/215 Budget TRUSTEE FEES SERIES 27 3,231 3,9 3,9 No Change From 214/215 Budget CONTINUING DISCLOSURE FEE SERIES 25/215 1, 1, 1, No Change From 214/215 Budget CONTINUING DISCLOSURE FEE SERIES 27 1, 1, 1, No Change From 214/215 Budget TOTAL $ 94,246 $ 19,335 $ 11,23 REVENUES LESS $ 1,166,75 $ 1,155,781 $ 1,67,125 BOND PAYMENTS (SERIES 25/215) (463,38) (462,38) (377,775) 216 P & I Payments BOND PAYMENTS (SERIES 27) (645,443) (644,443) (645,52) 216 P & I Payments BALANCE $ 57,999 $ 49,3 $ 43,83 COUNTY APPRAISER & TAX COLLECTOR ADMINISTRATIVE COSTS (3,46) (12,16) (11,226) One Percent Of Total Assessment Roll DISCOUNTS FOR EARLY PAYMENTS (46,85) (48,424) (44,94) Four Percent Of Total Assessment Roll EXCESS/ (SHORTFALL) $ 7,734 $ (11,5) $ (12,3) CARRYOVER FROM PRIOR YEAR 11,5 12,3 Carryover From Prior Year NET EXCESS/ (SHORTFALL) $ 7,734 $ $ Note: Projected Available Funds Balance As Of 9315 is $18, 7/1/215 7:54 AM II

5 DETAILED FINAL DEBT SERVICE (SERIES 27) FUND BUDGET FISCAL YEAR 215/216 OCTOBER 1, 215 SEPTEMBER 3, 216 FISCAL YEAR FISCAL YEAR FISCAL YEAR 213/ / /216 REVENUES ACTUAL BUDGET BUDGET COMMENTS Interest Income Projected Interest For 215/216 NAV Collection 645, , ,52 Maximum Debt Service Collection Total Revenues $ 645,482 $ 644,693 $ 645,57 Principal Payments 18, 19, 2, Principal Payment Due In 216 Interest Payments 465,45 45,883 44,84 Interest Payments Due In 216 Additional Principal Payments 3,81 4,73 Principal Prepayments Total Expenditures $ 645,45 $ 644,693 $ 645,57 Excess/ (Shortfall) $ 437 $ $ Series 27 Bond Information Original Par Amount = $9,815, Annual Principal Payments Due = May 1st Interest Rate = 5.15% Annual Interest Payments Due = May 1st & November 1st Issue Date = March 27 Maturity Date = May 238 7/1/215 7:54 AM III

6 DETAILED FINAL DEBT SERVICE (SERIES 215) FUND BUDGET FISCAL YEAR 215/216 OCTOBER 1, 215 SEPTEMBER 3, 216 FISCAL YEAR FISCAL YEAR FISCAL YEAR 213/ / /216 REVENUES ACTUAL BUDGET BUDGET COMMENTS Interest Income Projected Interest For 215/216 NAV Collection 463,38 462,38 377,775 Maximum Debt Service Collection Total Revenues $ 463,342 $ 462,558 $ 377,825 Principal Payments 125, 135, 2, Principal Payment Due In 216 Interest Payments 322, 311,22 177,775 Interest Payments Due In 216 Additional Principal Payments 16,338 5 Additional Principal Payments Total Expenditures $ 447, $ 462,558 $ 377,825 Excess/ (Shortfall) $ 16,342 $ $ Series 215 Bond Refunding Information Original Par Amount = $5,625, Annual Principal Payments Due = May 1st Interest Rate = 2.% 3.625% Annual Interest Payments Due = May 1st & November 1st Issue Date = January 215 Maturity Date = May 236 7/1/215 7:54 AM IV

7 Village Walk Community Development District Assessment Comparison Fiscal Year Fiscal Year Fiscal Year Fiscal Year Lot 212/ / / /216 Size Assessment* Assessment* Assessment* Projected Assessment* Phases I & 2 Townhome 26' O & M $ $ $ $ Cayman Debt $ 6. $ 6. $ 6. $ Total $ 6 $ 6 $ 6 $ Duplex 36' O & M $ $ $ $ Capri Debt $ 6. $ 6. $ 6. $ Total $ 6 $ 6 $ 6 $ Single Family 5' O & M $ $ $ $ Oakmont Debt $ 76. $ 76. $ 76. $ Total $ $ $ $ Single Family 6' O & M $ $ $ $ Carlyle Debt $ 812. $ 812. $ 812. $ Total $ $ $ $ Phases 3 & 4 Townhome 26' O & M $ $ $ $ Cayman Debt $ 6. $ 6. $ 6. $ 6. Total $ 6 $ 6 $ 6 $ 6 Duplex 36' O & M $ $ $ $ Capri Debt $ 6. $ 6. $ 6. $ 6. Total $ 6 $ 6 $ 6 $ 6 Single Family 4' O & M $ $ $ $ Garden Debt $ 68. $ 68. $ 68. $ 68. Total $ $ $ $ Single Family 5' O & M $ $ $ $ Oakmont Debt $ 76. $ 76. $ 76. $ 76. Total $ $ $ $ Single Family 5' O & M $ $ $ $ Classic Debt $ 796. $ 796. $ 796. $ 796. Total $ $ $ $ Single Family 6' O & M $ $ $ $ Carlyle Debt $ 812. $ 812. $ 812. $ 812. Total $ $ $ $ Single Family 65' O & M $ $ $ $ Estate Debt $ 912. $ 912. $ 912. $ 912. Total $ $ $ $ * Assessments Include the Following : 4% Discount for Early Payments 1% County Tax Collector Costs/Property Appraiser Costs Community Information: Phase I Maximum Annual No. of Units Type Name Debt Assessment Bond Prepayments 126 Townhome Cayman $ Duplex Capri/Carrington $ SF Oakmont $ SF Carlyle $ Phase II Maximum Annual No. of Units Type Name Debt Assessment Bond Prepayments 112 Townhouse Cayman $ 6 76 Duplex Capri/Carrington $ 6 37 SF Garden $ SF Oakmont $ SF Classic $ SF Carlyle $ SF Estate $ Phase 1 75 Phase Total Units /1/215 7:54 AM V