THE CROSSINGS at FLEMING ISLAND

Transcription

1 THE CROSSINGS at FLEMING ISLAND Community Development District August 30, 2018

2 The Crossings at Fleming Island Community Development District 475 West Town Place, Suite 114, St. Augustine, Florida P: (904) F: (904) August 23, 2018 Board of Supervisors The Crossings at Fleming Island Community Development District Dear Board Members: The regular meeting of the Board of Supervisors of The Crossings at Fleming Island Community Development District will be held August 30, 2018 at 6:00 p.m. at 2217 Eagle Harbor Parkway, Fleming Island, Florida. The following is the advance agenda for the meeting: I. Call to Order II. Pledge of Allegiance III. Roll Call IV. Public Comment V. Affidavit of Publication VI. Public Hearings to Adopt the Budget A. Public Hearing to Consider of Adoption of the FY19 Budget - Consideration of Resolution , Relating to Annual Appropriations and Adopting the Budget for Fiscal Year 2019 B. Public Hearing to Consider Adoption of the Water and Wastewater and Golf Course Enterprise Funds 1. Consideration of Resolution , Adopting the Final Water and Wastewater Enterprise Fund Budget for Fiscal Year Consideration of Resolution , Adopting the Final Golf Course Enterprise Fund Budget for Fiscal Year 2019 C. Public Hearing to Consider Levying Non- Ad Valorem Assessments - Consideration of Resolution , Levying Non- Ad Valorem Assessments for Operation and Maintenance Costs, Road System, Water Management System and Other Infrastructure Projects within the District for Fiscal Year 2019 VII. Discussion / Consideration of Golf / F&B Proposals VIII. Management Team Reports A. District Counsel

3 B. Tree Amigos Report C. Hampton Golf 1. Report 2. Funding Request D. District Administrator Discussion of the Fiscal Year 2019 Meeting Schedule E. District Manager & Operations Report IX. Financial Reports for July 31, 2018 A. Approval of Check Registers X. Approval of Minutes of the July 26, 2018 Meeting XI. Supervisors Requests and Audience Comments XII. Adjournment Enclosed under the fifth order of business is the affidavit of publication for the public hearing. The sixth order of business is the public hearings to adopt the budgets. Enclosed for your review and approval are copies of the budget and resolutions , , and The seventh order of business is discussion / consideration of golf / F&B proposals. Any backup documentation will be provided under separate cover. District Counsel, Operations Manager and the Management Team will give their updates and reports at the meeting. Enclosed you will find a copy of the financial reports and check registers for the period ending July 31, 2018 for approval. A copy of the draft minutes of the July 26, 2018 meeting is enclosed for your review and approval. Staff is continuing work on updating the Amenity Policies - Access to Golf Course and Golf Cart Regulations. The balance of the agenda is routine in nature. Any additional support material will be presented and discussed at the meeting. If you have any questions, please contact me. Sincerely, David denagy David denagy 2

4 AGENDA

5 Agenda Thursday August 30, Eagle Harbor Parkway 6:00 p.m. Fleming Island, Florida I. Call to Order II. III. IV. Pledge of Allegiance Roll Call Public Comment V. Affidavit of Publication VI. Public Hearings to Adopt the Budget A. Public Hearing to Consider of Adoption of the FY19 Budget - Consideration of Resolution , Relating to Annual Appropriations and Adopting the Budget for Fiscal Year 2019 B. Public Hearing to Consider Adoption of the Water and Wastewater and Golf Course Enterprise Funds 1. Consideration of Resolution , Adopting the Final Water and Wastewater Enterprise Fund Budget for Fiscal Year Consideration of Resolution , Adopting the Final Golf Course Enterprise Fund Budget for Fiscal Year 2019 C. Public Hearing to Consider Levying Non- Ad Valorem Assessments - Consideration of Resolution , Levying Non- Ad Valorem Assessments for Operation and Maintenance Costs, Road System, Water Management System and Other Infrastructure Projects within the District for Fiscal Year 2019 VII. VIII. Discussion / Consideration of Golf / F&B Proposals Management Team Reports A. District Counsel

6 B. Tree Amigos Report C. Hampton Golf 1. Report 2. Funding Request D. District Administrator Discussion of the Fiscal Year 2019 Meeting Schedule E. District Manager & Operations Report IX. Financial Reports for July 31, 2018 A. Approval of Check Registers X. Approval of Minutes of the July 26, 2018 Meeting XI. XII. Supervisors Requests and Audience Comments Adjournment 2

7 FIFTH ORDER OF BUSINESS

8 about: blank STATE OF FLORIDA COUNTY OF CLAY: PUBLISHER AFFIDAVIT CLAY TODAY Published Weekly Orange Park, Florida Before the undersigned authority personally appeared Jon Cantrell, who on oath says that he is the publisher of the "Clay Today" a newspaper published weekly at Orange Park in Clay County, Florida; that the attached copy of advertisement being a PUBLIC HEARINGS & MEETING in the matter of BUDGETS LEGAL: ORDER: was published in said newspaper in the issues: 08/02/ /09/2018 Affiant further says that said "Clay Today 11 is a newspaper published at Orange Park, in said Clay County, Florida, and that the said newspaper has heretofore been continuously published in said Clay County, Florida, weekly, and has been entered as Periodical material matter at the post office in Orange Park, in said Clay County, Florida, for period of one year next proceeding the first publication of the attached copy of advertisement; and affiant further says that he has neither paid nor promised any person, finn or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper. NOTICE OF ANNOUNCEMENT OF THREE (3) PUBLIC HEARINGS OF THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT AND NOTICE OF REGULAR BOARD OF SUPERVISORS' MEETING The Board of Supervisors of the Crossings at Fleming Island Community Development District. (CDD) will hold _a Public He aring to be included as part of the regular August Board of Supervisors meeting on Thursday, August 30, 2018 at 6:00 p.m. at 2217 Eagle Harbor Parkway, Fleming Island, FL 32003, to receive public comments concerning items, to include: r ffi1 To consider adoption, by Rule pursuant to Sections and (5), Florida Statutes, of a Resolution to approve the proposed Operations and Maintenance and Debt Service Fund Budgets for Fiscal Year H2 To consider adoption, by Rule pursuant to Sections and (5). Florida Statutes, of a Resolution to approve the proposed Water and Wastewater Enterprise Fund Budget for Fiscal Year :eh3 To consider adoption, by Rule pursuant to Sections and (5). li'lorida Statutes, of a Resolution to approve the proposed Golf Course Budget for Fiscal Year The proposed budgets shall become effective upon approval by the Board of Supervisors of The Crossings at l"leming Island Community Development District on October 1, The public hearings and meeting will be open to the public and will be conducted in accordance with the provisions of Florida Law for Community Development Districts, Thi:: public hearings and meeting may be continued to a date; time, and place to be specified oh the record at, the meeting. There,may be occasions when Board Supervisors or,district Staff?nay participate by speaker. telephone. A copy of the agenda may be obtained from David denagy, District Administrator, 475 West Town Place, Suite 114, Sl Augustine, FL Any person requiring special, accommodations at this meeting because of a disability or physical impairment should contact the, Distriet Office at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7~1-1, or (TTY) I (Voice), for aid in contacting the District Office. Each person who decides to appeal any decision made by the board with respect to any matter considered at the public hearings or meeting is ~--~-~~--~~~~J:";~~;"''Vii'VV\:;;J<:;;:;;;;;;;;;,;;;;;;;:;~;,: advised that person will need a - record of proceedings and that Sworn to Ille and subscribed before me 08/09/201 accordingly, the person may need to e:iisure that a verbatim record of the ( -<.. ('\ --4- nt ~ proceedings is made, including the '--.)(~ v '-'\. ~~-'CS'~~~~~:::~::::::~::J, NOTAilY PUBLIC, STATE OF FLORIDA 3515 US HWY 17 Suite A, Fleming Island FL Telephone (904) FAX (904) Christie@opcfla.com testimony and evidence upon which such appeal is to be based. David denagy District.Administrator Legal published Aug 2 and Aug 9, 2018 in Clay County's Clay Today newspaper. I of! 8/8/2018, 4:26 PM

9 SIXTH ORDER OF BUSINESS

10 THE c ROSSINGS at~ 1dtued COMMUNITY DEVELOPMENT DISTRICT.d APPROVED BUDGET FY2019 Thursday, August 30, 2018 Presented by:

11 THE CROSSINGS a& "9~ ~deued COMMUNITY DEVELOPMENT DISTRICT TABLE OF CONTENTS General Fund Budget Budget Narrative Page 1 Page 2-6 Reserve Fund Budget Budget Narrative Page 7 Page 8 Debt Service 2014 A/1, A/2, A/ A/1-Amortization Schedule 2014 A/2 - Amortization Schedule 2014 A/3 -Amortization Schedule Amortization Schedule Page 9 Page 10 Page 11 Page 12 Page 13 Water/Sewer Fund Budget Budget Narrative Page Page Golf Fund Budget Budget Narrative Page Page Swim & Tennis Fund Budget Budget Narrative Page Page 28-29

12 ~~~~;:;::~~~~:;;;,:;~ n I j.. \)} I Ji_. I 1 I ~SE~~.;::~--i! :::::E~:.;.~.$,!:::7~.: -!"':::~.:t::;;..-"...::t:::=;~~, - -, _ '. - EAGL~ HARBOR I I C<nOllJS IT\' ~I ASTE M Pl.A S GENERAL FUND

13 The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND FY2019 REVENUES: ADOPTED FY2018 BUDGET ACTUAL THRU 7/ TOTAL PROPOSED PROJECTED AT FY2019 9/30/2018 BUDGET APPROVED FY2019 BUDGET CHANGES Special Assessment $2,931,456 Special Assessment - Direct $0 BoaURV Storage Fees $95,000 Interest Income $18,000 Rental Income/Internet $2,680 $2,970,901 $0 $85,514 $51,879 $2,010 $2,970,901 $2,931,456 $0 $0 $95,000 $95,000 $57,000 $45,000 $3, 126 $2,680 $2,931,456 $0 $95,000 $18,000 $2,680 $0 $0 $0 $27,000 $0 TOTAL REVENUES $3,047,136 $3,110,304 $3, 126,027 $3,074, 136 $3,047,136 $27,000 EXPENDITURES: ADMINISTRATIVE: Supervisors Fees $21,000 FICA $1,607 Engineering $5,000 Dissemination Agent $1,300 Arbitrage $3,600 District Attorney $30,362 Audit $3,612 Trustee Fees $11,000 District Manager /Adminstrator $117,729 Computer Time $1,000 Telephone $300 Postage $2,600 Printing & Binding $2,100 Insurance $62,000 Legal Advertising $3,600 Other Current Charges $8,250 Property Taxes $0 Office Supplies $1,300 Dues, Licenses, Subscriptions $175 $9,400 $729 $1,313 $1,667 $0 $23,921 $3,612 $14,951 $108,608 $833 $21 $877 $1,371 $61,179 $844 $3,013 $517 $2,310 $175 $11,400 $21,000 $872 $1,607 $5,000 $4,500 $2,000 $2,000 $3,600 $3,600 $28,709 $23,742 $3,612 $2,300 $14,951 $11,000 $159,499 $87,847 $1,000 $1,000 $300 $1,200 $2,600 $1,500 $2, 100 $1,500 $61,179 $47,300 $3,500 $1,000 $5,000 $5,000 $517 $517 $3,000 $1,300 $175 $175 $21,000 $1,607 $4,500 $1,300 $3,600 $23,740 $2,300 $11,000 $87,850 $1,000 $1,200 $1,500 $1,500 $47,300 $1,000 $5,000 $0 $1,300 $175 $0 $0 $0 $700 $0 $2 $0 $0 ($3) $0 $0 $0 $0 $0 $0 $0 $517 $0 $0 MAINTENANCE: Landscape Maintenance/Contract Admin $806,775 Landscape Maintenance - Contingency $80,000 Lake Maintenance/Contract Admin $83,038 Cost Sharing Agreement - Stone Creek $13,000 Facility/Preventative Maintenance $150,000 Utilities $131,000 Security $16,158 Contingencies $0 $649,731 $32,507 $65,042 $7,618 $96,817 $95,559 $18,630 $365 $763,859 $818,000 $80,000 $80,000 $83,038 $78,750 $13,000 $13,000 $150,000 $150,000 $120,000 $125,000 $27,630 $23,000 $126 $53,320 $818,000 $80,000 $78,750 $13,000 $150,000 $125,000 $23,000 $27,536 $0 $0 $0 $0 $0 $0 $0 $25,784 TOTAL EXPENDITURES $1,556,506 $1,201,609 $1,546,667 $1,559, 158 $1,532,158 $27,000 OTHER SOURCES/{USES): lnterfund Transfer /n/{out) - SBA Reserve ($54,000) lnterfund Transfer Out - Swim & Tennis ($1,286,630) lnterfund Transfer Out - Golf Course ($150,000) $0 ($1,063, 192) ($94,000) ($54,000) ($60,000) ($1,271,630) ($1,304,978) ($94,000) ($150,000) ($60,000) ($1,304,978) ($150,000) $0 $0 $0 TOTAL OTHER ($1,436,630) ($1,157,192) ($1,419,630) ($1,514,978) ~1,514,97~ $0 Assigned Fund Balance $54,000 $751,503 $159,730 ($0) ($0) ($0) Page 1

14 The Crossings at Fleming Island Community Development District GENERAL FUND BUDGET Fiscal Year 2019 REVENUES: Special Assessments The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all of the operating expenses for the Fiscal Year in accordance with the adopted budget. Boat/RV Storage Fees The District collects fees from Residents to securely store Boats and RVs. Interest Income Interest income on funds in operating account and excess funds in the State Board of Administration. Rental Income The District entered into an Agreement with Tree Amigos to lease office space. The rent is $200 per month EXPENDITURES: Administrative: Supervisor Fees/FICA The District anticipates 21 meetings per year with all five board members in attendance and each receiving $ per meeting plus payroll taxes. Engineering The District's engineering firm, Hadden Engineering, will be providing general engineering services to the District, including attendance and preparation for monthly board meetings, review invoices, etc. Dissemination Agent The District has contracted with GMS, LLC to act as the Dissemination Agent for the District to prepare the Annual Disclosure Report required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues. 2

15 The Crossings at Fleming Island Community Development District GENERAL FUND BUDGET Fiscal Year 2019 Arbitrage The District is required to have an Arbitrage Rebate Calculation on the District's Series 2014 A1/A2 and A3 Special Assessment Revenue Refunding Bonds. Attomev The District's legal counsel, Kopelousos, Bradley & Garrison, P.A., will be providing general legal services to the District, including attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc. Annual Audit The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District is currently contracted with McDirmit Davis & Company, LLC for the audit engagement. Trustee The District's Series 2014 A1/A2, and A3 Special Assessment Revenue Refunding Bonds are held by a Trustee at U.S. Bank. The amount represents the fee for the administration of the District's bond issue. District Managemenll Administration Fees The District receives Management, Accounting and Administrative services from their COD employed District Manager and as part of an Administrative Agreement with Governmental Management Services, LLC. Computer Time The District processes all of its financial activities, including accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services, LLC. Travel & Per Diem This represents funds to reimburse Supervisors and Employees for District related Travel and Meals. Telephone This item includes telephone and fax service. Postage This item includes mailing of agenda packages, overnight deliveries, correspondence, etc. 3

16 Printing & Binding The Crossings at Fleming Island Community Development District GENERAL FUND BUDGET Fiscal Year 2019 Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc. Insurance The District's General Liability & Public Officials Liability and Property Insurance policies are with Egis Insurance and Risk Advisors. They specialize in providing insurance coverage to governmental agencies. This expense is shared with the General Fund and the Golf Course Fund. Legal Advertising The District is required to advertise various notices for monthly Board meetings, public hearings etc. with Clay Today. Other Current Charges Bank charges and any other miscellaneous expenses incurred during the year. Office Supplies This item includes the cost of miscellaneous office supplies. Dues, Licenses & Subscriptions The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District. Maintenance Landscape Maintenance/Contract Admin The District is currently contracted with Tree Amigos Outdoor Services for the Landscape of the Districts common areas. The cost of the contract for FY2019 is $786, annually. Line item also includes contract administrative services of $31, provided by the District Manager. Tree Amigos services include: Landscaping - mowing, edging, trash removal, trimming and pruning or trees and group cover, fertilizing and clean up and removing of storm damage debris Flower Bed Maintenance - maintaining approx. 79 flower beds including fertilizing, mulching, insect control, replacing and spraying beds Irrigation Maintenance - inspection, cleaning and repairs of all irrigation components. A monthly irrigation inspection, repair and replacement of system parts Weed & Insect Control - insecticide applications lawns and shrubs to control insect, period inspections for insects and disease 4

17 The Crossings at Fleming Island Community Development District GENERAL FUND BUDGET Fiscal Year 2019 Landscape Maintenance - Contingencv This category represents any additional landscaping work needed that is outside the scope of the contract with Tree Amigos. Lake Maintenance/Contract Admin Lake Doctors provides aquatic pond maintenance, dock repairs and maintenance, lake signage maintenance. Line item also includes contract administrative services provided by the District Manager. Cost Sharing Agreement Maintenance costs other than utilities paid to The Stone Creek HOA for upkeep of COD property. Facilitv Preventative Maintenance Cost of routine repairs and maintenance of the District's common areas. Utilities Includes the following utility accounts held by the District: Comcast - internet service Clay Electric Cooperative - electric service for the Eagle Harbor COD Office CCUA- water service for the Eagle Harbor COD Office Securitv Cost of security personnel and operation of security cameras. Other Sources/(Uses) lnterfund Transfer Out- Swim & Tennis The Board has agreed to an annual subsidy to the Swim & Tennis Fund to cover operations. 5

18 Utility Schedule - General Fund FY2019 Avg. Account# Service Address Monthly Avg. An'nual Clay Electric Country Side Dr s 27 $ Brookstrone Dr s 26 s Eagle Harbor Parkway s 47 s Eagle Harbor Parkway s 101 $ 1, Eagle Harbor Parkway $ 30 s Misty lake Drive s 200 s 2, Eagle Harbor Parkway s 74 s Oak landing Lane s 30 s Unkside Drive s 56 s Forest Park Drive s 73 s South Shore Dr s 26 s Salt Marsh s 42 s Lake Shore Dr East s 107 s 1, Lakeshore Dr E s 80 s Marsh Landing Ct s 26 s Vista Lakes Dr s 39 s Lakeshore Dr E $ 106 s 1,323 76S Lakeshore Drive N s 27 s Lakeshore Dr N s 418 s S,212 76SS Cross Pine Drive s 25 s Cross Pines Drive s 24 s Old Pine Trail s 24 s Trailwood Drive s 33 s S Cross Pines Drive s 24 s Eagle Harbor Parkway s 43 s Daniels Landing Dr s 27 s Manard Branch Ct s 33 s l 5toney Glen Irrigation s 26 s Eagle Harbor Pkwy Lighting s 2,312 s 28, Eagle HBr on 17 at Fountain s 331 $ 4, Eagle Creek Dr s 28 s S Eagle Harbor Parkway s 614 s 7, Harbor lake Drive s 145 s 1,805 s 22 s 65,131 Clay County Utility Authority Eagle Harbor Parkway s 430 s 5, Eagle Harbor Parkway Fountains s 407 s 4, Sl 1778 Fiddler's Ridge Dr Red Irr s 136 s 1, Eagle Harbor Parkway s 77 s Lakeshore Drive E s 50 s S31 4S23 lakeshore Drive s 69 s S Harbor Lake Drive s 93 s 1, S91 Entrace to Brookstone Irr s 229 s 2, Brookstone Dr Irr s 56 s Eage Harbor Parkway Irr s 113 s 1, S9887 Entrace to The Preserves Irr s 133 s 1, Trailwood Dr Red Irr s 284 s 3, Cross Pine Dr Reel Irr s 145 s 1, Old Pine Trail Reel Irr s 83 s S Salt Marsh Lane Irr s 97 s 1, Cross Pine Drive Reel Irr s 53 s S Old Pine Trail Reel Irr s 53 s Cross Pines Dr Reel Irr s 56 s Old Pine Trail Reel Irr s 59 s Eagle Creek Dr Reel lrr s 157 s 1, Country Side Dr Reel Irr s 52 s Country Side Dr Reel Irr s 55 s Country Side Dr Reel Irr s 61 s Country Side Dr Red Irr s 81 s Sl Eag{e Creek Dr Reel Irr s 53 s SS2-1 Country Side Dr Reel Irr s 76 s Summit Ridge Rd Reel Irr s 56 s Lake Terrace Lane Irr s 137 s 1, Eagle Crest Drive Irrigation s 55 s Water Oak Lane Irrigation s 230 s 2,7S Bahia Road Irrigation s 133 s 1, Arden Forest Place Irrigation s 131 s 1, Eagle Talon Circle s 146 s 1, Town Center Irrigation s 182 s 2,188 s 50,743 Contingency s 9,126 TOTAL $ 125,000 Page 6

19 RESERVE FUND

20 The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT RESERVE FY2019 ADOPTED ACTUAL TOTAL PROPOSED REVENUES: FY2018 BUDGET THRU 7/31/2018 PROJECTED AT 9/30/2018 FY2019 BUDGET Special Assessments - Tax Collector Misc Income $764,224 $0 $815,766 $9,500 $815,766 $9,500 $764,224 $0 TOTAL REVENUES $764,224 $825,266 $825,266 $764,224 EXPENDITURES: Capital Outlay Other Current Charges $763,974 $250 $507,197 $0 $763,974 $250 $763,974 $250 TOTAL EXPENDITURES $764,224 $507, 197 $764,224 $764,224 ASSIGNED FUND BALANCE $0 $318,069 $61,042 $0 Page 7

21 The Crossings at Fleming Island Community Development District RESERVE BUDGET Fiscal Year 2019 REVENUES: Maintenance Assessments The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all of the Capital Outlay expenses for the Fiscal Year in accordance with the adopted budget. EXPENDITURES: Capital Out/av At the Board of Supervisor's discretion, funds will be used to complete capital projects. Other Current Charges Bank charges and any other miscellaneous expenses incurred during the year. Page 8

22 DEBT SERVICE FUND

23 The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND Series 2014 A/1, A/2, A/3, Series 2017 FY2019 REVENUES: Series 2014 Al1 Series 2014 AJ2 Series Series PROPOSED FY2019 Al3 BUDGET {i) Special Assessments - Tax Collector $2,560,633 Interest Income $0 Carry Forward Surplus $417,746 $0 $0 $201,780 $384,028 $66,931 $3,011,592 $0 $0 $0 $200,493 $25,013 $898,530 TOTAL REVENUES $2,978,379 EXPENDITURES: $201,780 $584,521 $91,944 $3,910, 122 Interest Expense - 11/1 $409,709 Principal Expense - 5/1 $1,295,000 Interest Expense - 5/1 $409,709 $111,475 $175,000 $111,475 $155,350 $25,013 $701,547 $70,000 $15,000 $1,555,000 $155,350 $25,013 $701,547 TOTAL EXPENDITURES $2,114,419 $397,950 $380,700 $65,025 $2,958,094 EXCESS REVENUES (EXPENDITURES) $863,960 ($196, 170) $203,821 $26,919 $952,028 ( 1 ) A1 and A2 Assessments are combined 11/1/19 Interest: 2014 Al1 $392, Al2 $105, Al3 $153, $24,581 $675,719 Page 9

24 THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT Series 2014 Al1, Special Assessment Refunding Bonds Amortization Schedule PRINCIPAL DATE BALANCE RATE INTEREST PRINCIPAL TOTAL 1-May-16 $ 23,275, % $ 443, $ 1,225, Nov-16 $ 22,050, % $ 434, $ 2, 103, May-17 $ 22,050, % $ 434, $ 1,240, Nov-17 $ 20,810, % $ 423, $ 2,098, May-18 $ 20,810, % $ 423, $ 1,260, Nov-18 $ 19,550, % $ 409, $ 2,093, May-19 $ 19,550, % $ 409, $ 1,295, Nov-19 $ 18,255, % $ 392, $ 2,097, May-20 $ 18,255, % $ 392, $ 1,335, Nov-20 $ 16,920, % $ 366, $ 2,093, May-21 $ 16,920, % $ 366, $ 1,390, Nov-21 $ 15,530, % $ 338, $ 2,094, May-22 $ 15,530, % $ 338, $ 1,450, Nov-22 $ 14,080, % $ 309, $ 2,097, May-23 $ 14,080, % $ 309, $ 1,510, Nov-23 $ 12,570, % $ 279, $ 2,098, May-24 $ 12,570, % $ 279, $ 1,570, Nov-24 $ 11,000, % $ 247, $ 2,096, May-25 $ 11,000, % $ 247, $ 1,635, Nov-25 $ 9,365, % $ 210, $ 2,093, May-26 $ 9,365, % $ 210, $ 1,710, Nov-26 $ 7,655, % $ 172, $ 2,093, May-27 $ 7,655, % $ 172, $ 1, 785, Nov-27 $ 5,870, % $ 132, $ 2,089, May-28 $ 5,870, % $ 132, $ 1,870, Nov-28 $ 4,000, % $ 90, $ 2,092, May-29 $ 4,000, % $ 90, $ 1,955, Nov-29 $ 2,045, % $ 46, $ 2,091, May-30 $ 2,045, % $ 46, $ 2,045, $ 2,091, $ 8, 148, $ 23,275, $ 31,423, **Revised after $5,000 call on 5/1/16. Page 10

25 THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT Series 2014 A/2, Special Assessment Refunding Bonds Amortization Schedule PRINCIPAL DATE BALANCE RATE 1-Nov-17 $ 3,350, % $ 1-May-18 $ 3,350, % $ 1-Nov-18 $ 3,185, % $ 1-May-19 $ 3,185, % $ 1-Nov-19 $ 3,010, % $ 1-May-20 $ 3,010, % $ 1-Nov-20 $ 2,820, % $ 1-May-21 $ 2,820, % $ 1-Nov-21 $ 2,620, % $ 1-May-22 $ 2,620, % $ 1-Nov-22 $ 2,405, % $ 1-May-23 $ 2,405, % $ 1-Nov-23 $ 2, 175, % $ 1-May-24 $ 2,175, % $ 1-Nov-24 $ 1,925, % $ 1-May-25 $ 1,925, % $ 1-Nov-25 $ 1,655, % $ 1-May-26 $ 1,655, % $ 1-Nov-26 $ 1,370, % $ 1-May-27 $ 1,370, % $ 1-Nov-27 $ 1,065, % $ 1-May-28 $ 1,065, % $ 1-Nov-28 $ 735, % $ 1-May-29 $ 735, % $ 1-Nov-29 $ 380, % $ 1-May-30 $ 380, % $ $ INTEREST PRINCIPAL TOTAL 117, $ 117, , $ 165, , $ 393, , $ 175, , $ 391, , $ 190, , $ 394, , $ 200, , $ 390, , $ 215, , $ 390, , $ 230, , $ 390, , $ 250, , $ 393, , $ 270, , $ 395, , $ 285, , $ 390, , $ 305, , $ 390, , $ 330, , $ 393, , $ 355, , $ 394, , $ 380, $ 393, ,868, $ 3,350, $ 5,218, *"Revised after $40,000 call on 5/1/16. Page 11

26 THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT Series 2014 Al3, Special Assessment Refunding Bonds Amortization Schedule PRINCIPAL DATE BALANCE RATE INTEREST PRINCIPAL TOTAL 1-Nov-17 $ 4,850, QQOfo $ 157, $ 157, Ma -18 $ 4,850, /o $ 157, $ 70, Nov-18 $ 4,780, % $ 155, $ 382, Ma -19 $ 4,780, % $ 155, $ 70, Nov-19 $ 4,710, % $ 153, $ 378, May-20 $ 4,710, o/o $ 153, $ 75, Nov-20 $ 4,635, % $ 150, $ 378, May-21 $ 4,635, % $ 150, $ 85, Nov-21 $ 4,550, QQOfo $ 147, $ 383, May-22 $ 4,550, % $ 147, $ 90, Nov-22 $ 4,460, %) $ 144, $ 382, May-23 $ 4,460, % $ 144, $ 95, Nov-23 $ 4,365, % $ 141, $ 381, May-24 $ 4,365, % $ 141, $ 100, Nov-24 $ 4,265, % $ 138, $ 380, May-25 $ 4,265, % $ 138, $ 105, Nov-25 $ 4, 160, % $ 135, $ 378, May-26 $ 4, 160, o/o $ 135, $ 115, Nov-26 $ 4,045, % $ 131, $ 381, May-27 $ 4,045, o/(l $ 131, $ 120, Nov-27 $ 3,925, % $ 127, $ 379, May-28 $ 3,925, % $ 127, $ 130, Nov-28 $ 3,795, % $ 123, $ 380, May-29 $ 3,795, QQOfo $ 123, $ 140, Nov-29 $ 3,655, % $ 118, $ 382, May-30 $ 3,655, % $ 118, $ 150, Nov-30 $ 3,505, % $ 113, $ 382, May-31 $ 3,505, % $ 113, $ 160, Nov-31 $ 3,345, % $ 108, $ 382, May-32 $ 3,345, % $ 108, $ 170, Nov-32 $ 3,175, % $ 103, $ 381, May-33 $ 3, 175, % $ 103, $ 180, Nov-33 $ 2,995, QQOfo $ 97, $ 380, May-34 $ 2,995, % $ 97, $ 190, Nov-34 $ 2,805, QQOfo $ 91, $ 378, May-35 $ 2,805, % $ 91, $ 205, Nov-35 $ 2,600, % $ 84, $ 380, May-36 $ 2,600, o/o $ 84, $ 220, Nov-36 $ 2,380, o/o $ 77, $ 381, May-37 $ 2,380, % $ 77, $ 235, Nov-37 $ 2, 145, % $ 69, $ 382, May-38 $ 2,145, % $ 69, $ 250, Nov-38 $ 1,895, % $ 61, $ 381, May-39 $ 1,895, % $ 61, $ 265, Nov-39 $ 1,630, % $ 52, $ 379, May-40 $ 1,630, % $ 52, $ 285, Nov-40 $ 1,345, % $ 43, $ 381, May-41 $ 1,345, QQOfo $ 43, $ 305, Nov-41 $ 1,040, % $ 33, $ 382, May-42 $ 1,040, %> $ 33, $ 325, Nov-42 $ 715, o/o $ 23, $ 382, May-43 $ 715, % $ 23, $ 345, Nov-43 $ 370, % $ 12, $ 380, May-44 $ 370, % $ 12, $ 370, $ 382, *'Revised after $365,000 call on 11/1/15. $ 5,599, $ 4,850, $ 10,449, Page 12

27 THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT Series 2017, Special Assessment Revenue Bonds Amortization Schedule PRINCIPAL DATE BALANCE RATE INTEREST PRINCIPAL TOTAL 1-Nov-17 $ 870, % $ 20, $ 20, Ma -18 $ 870, /o $ 25, $ 1-Nov-18 $ 870, o/o $ 25, $ 50, Ma -19 $ 870, % $ 25, $ 15, Nov-19 $ 855, o/o $ 24, $ 64, May-20 $ 855, % $ 24, $ 15, Nov-20 $ 840, % $ 24, $ 63, May-21 $ 840, /o $ 24, $ 15, Nov-21 $ 825, % $ 23, $ 62, May-22 $ 825, % $ 23, $ 20, Nov-22 $ 805, o/o $ 23, $ 66, May-23 $ 805, /o $ 23, $ 20, Nov-23 $ 785, o/o $ 22, $ 65, May-24 $ 785, /o $ 22, $ 20, Nov-24 $ 765, % $ 21, $ 64, May-25 $ 765, % $ 21, $ 20, Nov-25 $ 745, o/o $ 21, $ 63, May-26 $ 745, /o $ 21, $ 20, Nov-26 $ 725, o/o $ 20, $ 62, May-27 $ 725, %1 $ 20, $ 25, Nov-27 $ 700, % $ 20, $ 65, May-28 $ 700, /o $ 20, $ 25, Nov-28 $ 675, % $ 19, $ 64, May-29 $ 675, /o $ 19, $ 25, Nov-29 $ 650, /o $ 18, $ 63, May-30 $ 650, /o $ 18, $ 30, Nov-30 $ 620, %1 $ 17, $ 66, May-31 $ 620, /o $ 17, $ 30, Nov-31 $ 590, % $ 16, $ 64, May-32 $ 590, /o $ 16, $ 30, Nov-32 $ 560, /o $ 16, $ 63, May-33 $ 560, /o $ 16, $ 35, Nov-33 $ 525, %1 $ 15, $ 66, May-34 $ 525, % $ 15, $ 35, Nov-34 $ 490, o/o $ 14, $ 64, May-35 $ 490, o/o $ 14, $ 35, Nov-35 $ 455, /o $ 13, $ 62, May-36 $ 455, o/o $ 13, $ 40, Nov-36 $ 415, o/o $ 11, $ 65, May-37 $ 415, /o $ 11, $ 40, Nov-37 $ 375, % $ 10, $ 62, May-38 $ 375, % $ 10, $ 45, Nov-38 $ 330, % $ 9, $ 65, May-39 $ 330, % $ 9, $ 45, Nov-39 $ 285, % $ 8, $ 62, May-40 $ 285, /o $ 8, $ 50, Nov-40 $ 235, /o $ 6, $ 64, May-41 $ 235, /o $ 6, $ 55, Nov-41 $ 180, /o $ 5, $ 66, May-42 $ 180, % $ 5, $ 55, Nov-42 $ 125, o/o $ 3, $ 63, May-43 $ 125, % $ 3, $ 60, Nov-43 $ 65, % $ 1, $ 65, May-44 $ 65, /o $ 1, $ 65, $ 66, $ 879, $ 870, $ 1,749, Page 13

28 WATER/SEWER FUND

29 The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT WATER/SEWER FUND FY2019 REVENUES: ADOPTED ACTUAL TOTAL APPROVED FY2018 THRU PROJECTED AT FY2019 CHANGES BUDGET 7/31/2018 9/30/2018 BUDGET Water Revenue $1,000,000 $898,568 $1,078,282 $1,075,000 $0 Wastewater Revenue $1,830,000 $1,615,604 $1,938,725 $1,930,000 $0 Reclaimed Water Revenue $650,000 $579,346 $695,215 $690,000 $0 Service Charges $0 $73, 144 $87,773 $80,000 $0 Debt Capacity Charge $1,781,705 $1,541,830 $1,850, 196 $1,850,000 $0 Interest/Misc. Income $3,000 $26, 148 $31,378 $24,000 $0 TOTAL REVENUES $5,264,705 $4,734,640 $5,681,568 $5,649,000 $0 EXPENDITURES: ADMINISTRATIVE: Engineering $1,000 $0 $0 $1,500 $0 Dissemination Agent $1,000 $833 $1,000 $1,000 $0 District Attorney $24,500 $19,339 $23,207 $23,742 $0 Annual Audit $2,224 $2,224 $2,224 $2,300 $0 Trustee Fees $8,500 $8,095 $8,095 $8,500 $0 District Manager/Administrator $58,880 $40,882 $46,516 $56,744 $0 Computer Time $500 $0 $0 $500 $0 Travel & Per Diem $500 $0 $0 $500 $0 Postage $350 $840 $1,008 $1,000 $0 Printing & Binding $500 $0 $0 $500 $0 Insurance $36,500 $36,401 $36,401 $40,525 $0 Legal Advertising $1,000 $0 $0 $1,000 $0 Office Supplies $0 $0 $0 $0 $0 Other Current Charges $10,000 $12,870 $22,063 $15,000 $0 WA TERIWASTEWA TER!REUSE: Service Charges $65,000 $72,938 $87,526 $90,000 $10,000 Meter Expenses $1,000 $0 $0 $1,000 $0 Purchased Water $1,000,000 $897,349 $1,076,819 $1,075,000 $0 Treated Wastewater $1,830,000 $1,615,472 $1,938,566 $1,930,000 $0 Alternative Water Supply $41,960 $37,001 $44,401 $45,000 $0 Purchased Reclaimed Water $143,000 $174,851 $209,821 $210,000 $30,000 Repairs & Maintenance $15,000 $17,858 $21,430 $30,000 $0 Electric $35,000 $24,734 $29,681 $35,000 $0 Capital Outlay $5,000 $0 $0 $5,000 $0 Contingency $10,000 $0 $0 $10,000 $0 TOTAL OPERATING EXPENSES $3,291,414 $2,961,688 $3,548,757 $3,583,811 $40,000 DEBT SERVICE: Interest Expense - 4/1 $446, 184 $446, 184 $446, 184 $437,559 $0 Principal Expense - 10/1 $850,000 $708,333 $850,000 $865,000 $0 Interest Expense - 10/1 $446,184 $297,457 $446, 184 $437,559 $0 TOTAL DEBT SERVICE $1,742,368 $1,451,974 $1,742,368 $1,740,119 $0 TOTAL EXPENSES $5,033,782 $4,413,662 $5,291, 126 $5,323,930 $40,000 EXCESS REVENUES (EXPENDITURES) $230,923 $320,978 $390,442 $325,070 ($40,000) Debt Service Coverage (115%) 113%1 119 /o Page 14

30 THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT Series 2016, Utility Refunding Bonds Amortization Schedule PRINCIPAL DATE BALANCE INTEREST PRINCIPAL TOTAL 27-Dec-16 $ 24,045,000 $ $ $ 1-Apr-17 $ 24,045,000 $ 236, $ 1-0ct-17 $ 24,045,000 $ 452, $ 635, $ 1,323, Apr-18 $ 23,410,000 $ 446, $ 1-0ct-18 $ 23,410,000 $ 446, $ 850, $ 1,742, Apr-19 $ 22,560,000 $ 437, $ 1-0ct-19 $ 22,560,000 $ 437, $ 865, $ 1,740, Apr-20 $ 21,695,000 $ 428, $ 1-0ct-20 $ 21,695,000 $ 428, $ 885, $ 1,741, Apr-21 $ 20,810,000 $ 417, $ 1-0ct-21 $ 20,810,000 $ 417, $ 905, $ 1,740, Apr-22 $ 19,905,000 $ 405, $ 1-0ct-22 $ 19,905,000 $ 405, $ 930, $ 1,741, Apr-23 $ 18,975,000 $ 391, $ 1-0ct-23 $ 18,975,000 $ 391, $ 960, $ 1,743, Apr-24 $ 18,015,000 $ 376, $ 1-0ct-24 $ 18,015,000 $ 376, $ 985, $ 1, 738, Apr-25 $ 17,030,000 $ 359, $ 1-0ct-25 $ 17,030,000 $ 359, $ 1,020, $ 1,739, Apr-26 $ 16,010,000 $ 341, $ 1-0ct-26 $ 16,010,000 $ 341, $ 1,060, $ 1,743, Apr-27 $ 14,950,000 $ 322, $ 1-0ct-27 $ 14,950,000 $ 322, $ 1,095, $ 1, 739, Apr-28 $ 13,855,000 $ 300, $ 1-0ct-28 $ 13,855,000 $ 300, $ 1, 140, $ 1,741, Apr-29 $ 12,715,000 $ 277, $ 1-0ct-29 $ 12,715,000 $ 277, $ 1, 185, $ 1, 740, Apr-30 $ 11,530,000 $ 252, $ 1-0ct-30 $ 11,530,000 $ 252, $ 1,235, $ 1,740, Apr-31 $ 10,295,000 $ 226, $ 1-0ct-31 $ 10,295,000 $ 226, $ 1,290, $ 1,742, Apr-32 $ 9,005,000 $ 198, $ 1-0ct-32 $ 9,005,000 $ 198, $ 1,345, $ 1, 742, Apr-33 $ 7,660,000 $ 170, $ 1-0ct-33 $ 7,660,000 $ 170, $ 1,405' $ 1, 745, Apr-34 $ 6,255,000 $ 138, $ 1-0ct-34 $ 6,255,000 $ 138, $ 1,465, $ 1, 742, Apr-35 $ 4,790,000 $ 106, $ 1-0ct-35 $ 4,790,000 $ 106, $ 1-Apr-36 $ 3,265,000 $ 72, $ 1,525, $ 1,737, I i 1-0ct-36 $ 3,265,000 $ 72, $ 1,595, $ 1,740, Apr-37 $ 1,670,000 $ 37, $ 1-0ct-37 $ 1,670,000 $ 37, $ 1,670, $ 1,744, d $ 12,106, $ 24,045, $ 36,151, I Page 15 i I i

31 The Crossings at Fleming Island Community Development District WATER/SEWER FUND BUDGET Fiscal Year 2019 REVENUES: Water Revenue The estimated amount that will be billed to users of the potable water system of the District based upon average monthly consumption, current utility rates in effect and projected number of users during the fiscal year. The billing is handled by Clay County Utility Authority. Wastewater Revenue The estimated amount that will be billed to users of the wastewater system of the District based upon average monthly consumption, current utility rates in effect and projected number of users during the fiscal year. Reuse Water Revenue The estimated amount that will be billed to users of the reuse water system of the District based upon average monthly consumption, current utility rates in effect and projected number of users during the fiscal year. Service Charges Represents services charges to water customers for returned checks or credit card transactions. Debt Capacitv Charge A monthly charge established for the purpose of providing sufficient revenues to pay the annual net debt service requirements for the amortization of the District's special revenue bonds for the construction of the water distribution, wastewater collection and effluent reuse system. Page 16

32 The Crossings at Fleming Island Community Development District WATER/SEWER FUND BUDGET Fiscal Year 2019 EXPENDITURES: Administrative: Engineering The District's engineering firm, Hadden Engineering, will be providing general engineering services to the District, including attendance and preparation for monthly board meetings, review invoices, etc. Arbitrage The District is required to have an Arbitrage Rebate Calculation on the District's Series 2016 Utility Refunding Bonds. Dissemination Agent The District has contracted with GMS, LLC, to act as the Dissemination Agent for the District to prepare the Annual Disclosure Report required by the Security and Exchange Commission in order to comply with Rule 15(c){2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues. Attorney The District's legal counsel, Kopelousos, Bradley & Garrison, P.A., will be providing general legal services to the District, including attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc. This expense is shared with the General. Annual Audit The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District is currently contracted with McDirmit Davis & Company LLC for the audit engagement. This expense is shared with the General Fund and the Golf Course Fund. Trustee The District's Series 2016 Utility Refunding Bonds are held by a Trustee at U.S. Bank. The amount represents the fee for the administration of the District's bond issue. District Management/ Administration Fees The District receives Management, Accounting and Administrative services from their CDD employed District Manager and as part of an Administrative Agreement with Governmental Management Services, LLC. This expense is shared with the General Fund. Page 17

33 The Crossings at Fleming Island Community Development District WATER/SEWER FUND BUDGET Fiscal Year 2019 Computer Time The District processes all of its financial activities, including accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services, LLC. This expense is shared with the General Fund. Travel & Per Diem This represents funds to reimburse Supervisors and Employees for District related Travel and Meals. Postage This item includes mailing of agenda packages, overnight deliveries, correspondence, etc. Printing & Binding Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc. Insurance The District's General Liability & Public Officials Liability and Property Insurance policies are with Egis Insurance and Risk Advisors. They specialize in providing insurance coverage to governmental agencies. This expense is shared with the General Fund and the Golf Course Fund. Legal Advertising The District is required to advertise various notices for monthly Board meetings, public hearings etc with Clay Today. Office Supplies This item includes the cost of miscellaneous office supplies. Other Current Charges Bank charges and any other miscellaneous expenses incurred during the year. Water/Wastewater/Reuse Service Charges This represents miscellaneous repairs associated with the Water system operation and maintenance performed by Clay County Utility Authority and utilities paid under the Stonecreek HOA cost sharing agreement. Page 18

34 The Crossings at Fleming Island Community Development District WATER/SEWER FUND BUDGET Fiscal Year 2019 Rate Studies This District contracted with Public Resources Management Group to perform a Utility Revenue Sufficiency Analysis. Meter Expenses This category represents the cost of a domestic meter being set by Clay County Utility Authority. Purchased Water This represents the cost of bulk water purchased from Clay County Utility Authority. Wastewater Treatment Expense This represents the cost of bulk wastewater purchased from Clay County Utility Authority. Alternative Water Supply This represents a $1 surcharge on all active water accounts billed by Clay County Utility Authority. Purchased Reclaimed Water This represents the cost of bulk reclaimed water purchased from Clay County Utility Authority. Repairs & Maintenance Represents any repairs and maintenance cost the District may incur. Electric The District has an account with Clay Electric Cooperative for service at 4567 Lakeshore Drive East. Capital Out/av Includes any miscellaneous capital expenditures the District may incur during the Fiscal Year. Debt Service The District issued $24,650,000 of Series 2016 Utility Refunding Bonds. The following is the annual principal and interest expense due on these bonds for the next fiscal year: Interest Expense - 4/1/19 Principal Expense -10/1119 Interest Expense-10/1/19 Total $437, $865, $437, $1,740, Page 19

35 GOLF FUND

36 The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT REVENUES: ADOPTED ACTUAL FY2018 THRU BUDGET 7/31/2018 User Fees - Dues $375, 115 $242,034 Greens/Cart Fees $857,113 $753,583 MerchandisetFood/Beverage Sale $1,336,891 $1,181,230 Rental Revenue $37,431 $26,066 Membership Income - Other Fees $55,411 $3,016 Miscellaneous Income $48,700 $56,741 TOTAL REVENUES $2,710,661 $2,262,670 TOTAL PROPOSED PROJECTED AT FY2019 9/30/201 B BUDGET $375,115 $388,517 $857,113 $829,861 $1,336,891 $1,430,998 $37,431 $33,614 $55,411 $89,064 $61,000 $77,455 $2,722,961 $2,849,508 APPROVED FY2019 BUDGET $328,701 $895,713 $1,397,883 $28,453 $3,444 $100,622 $2,754,817 GOLF FUND FY2019 CHANGES $59,815 ($65,853) $33,114 $5,161 $85,620 ($23,166) $94,691 COST OF GOODS SOLD: Cost of Goods Sold $545,735 $477,541 $545,735 $557,952 $557,981 $29 GROSS PROFIT $2,164,926 $1,785, 129 $2, 177,226 $2,291,556 $2, 196,836 $94,662 EXPENDITURES: Operating Expenses: Salaries $1,066,882 $863, 156 Commissions & Bonuses $27,996 $25,244 Employee Expenses $206,921 $166,170 Employee Uniforms $5,200 $2,012 Travel & Per Diem $1,000 $1,263 Training $2,154 $1,580 Employee Advertising $50 $753 Janitorial Expense/Supplies $5,400 $3,476 Tournaments & Events $30,609 $33,716 Centralized Services $68,475 $63,265 Course & Grounds Maintenance $20,043 $13,431 Repairs - Equipment $23,762 $30,771 Repairs - Buildings $12,545 $1,885 Operating Supplies $87,057 $68,549 Office Supplies $2,874 $4,065 Postage $866 $323 Printing & Reproduction $1,200 $0 Utility Services $86,323 $58,485 Gas/Oil/Propane $40,232 $36,706 Refuse & Potables $13,707 $14,558 Te!ephoneff1 Line $16,763 $16,557 Security/Pest Control $4,843 $9,616 Music & Cable Service $6,319 $7,918 Dues and Subscriptions $11,838 $3,991 Chemicals $51,000 $28,314 Fertilizer- Course $47,000 $18,420 Sand, Seed & Dressing $15,000 $29,549 Small Tools $1,466 $896 Licenses/Permits $3, 160 $667 Bad Debt Expense $0 ($1,750) Cash ShorUOver $0 ($90) Miscellaneous $0 $1,437 Other Services $0 $0 Trustee Fees/Bank Charges $50,189 $45,867 Shrinkage $0 $1,872 Aerification $5,280 $0 Management Fees - Hampton $86,400 $72,000 Rentals & Leases $207,702 $189,555 Lake Maintenance $27,600 $23,000 Insurance $25,960 $21,966 Other Current Charges $20,958 $42,586 District Manager/Administrator $23, 100 $18,487 District Attorney $2,460 $2,718 Audit $3,264 $3,005 $1,066,882 $1,041,971 $27,996 $22,200 $206,921 $216,637 $5,200 $2,700 $1,300 $1,350 $2,154 $1,500 $775 $2,000 $5,400 $2,400 $35,000 $32,146 $68,475 $100,279 $20,043 $17,373 $35,000 $35,713 $12,545 $5,207 $87,057 $81,325 $5,000 $2,656 $866 $710 $1,200 $500 $86,323 $82,386 $40,232 $43,416 $15,000 $17,700 $16,763 $17,920 $10,000 $5,799 $8,000 $7,855 $11,838 $8,883 $51,000 $39,462 $47,000 $37,089 $30,000 $17,000 $1,466 $1,596 $3,160 $2,493 $0 $0 $0 $0 $1,500 $3,535 $0 $24,006 $50,189 $54,603 $2,000 $0 $5,280 $0 $86,400 $86,400 $207,702 $225,856 $27,600 $27,600 $25,960 $25,616 $43,000 $58, 194 $23, 100 $24,100 $3,000 $3,672 $3,264 $3,456 $1,048,837 $21,000 $216,640 $2,031 $820 $2,160 $717 $2,667 $33,123 $69,379 $16,755 $35,619 $6,978 $78,994 $3, 197 $710 $500 $75,886 $38,518 $16,510 $19,741 $3,367 $7,855 $8,174 $39,463 $23,570 $30,525 $1,596 $2,493 $0 $0 $7,887 $0 $49,596 $0 $0 $86,400 $218,198 $26,250 $20,300 $39,850 $24,000 $5,600 $2,300 ($6,866) $1,200 ($3) $669 $530 ($660) $1,283 ($267) ($977) $30,900 $618 $94 ($1,771) $2,331 ($541) $0 $0 $6,500 $4,897 $1,190 ($1,821) $2,432 $0 $710 ($1) $13,519 ($13,525) $0 $0 $0 $0 ($4,351) $24,006 $5,007 $0 $0 $0 $7,658 $1,350 $5,316 $18,343 $100 ($1,928) $1,156 TOTAL EXPENDITURES $2,313,596 $1,925,990 $2,381,589 $2,385,301 $2,288,204 $97,097 Net Operating Income: ($148,671} ($140,861) ($204,364) ($93,746) ~91,36~ ($2,435) Non-Oe.erating Exe.enses: Other Income $0 $1,396 lnterfund Transfer In - GF $150,000 $94,000 Principal Expense - 10/1 ($325,000) ($270,833) Interest Expense - 10/1 ($91,410) ($91,410) Interest Expense - 4/1 ($91,410) ($60,940) Capital Expenses $0 ($63,261) Other Expenses $0 $0 Bond Assessment $0 $0 $1,500 $0 $150,000 $150,000 ($325,000) ($345,000) ($91,410) ($80,685) ($91,410) ($80,685) ($63,261) ($9,557) $0 $0 $0 $0 $0 $150,000 ($345,000) ($80,685) ($80,685) $0 $0 $0 $0 $0 $0 $0 $0 $9,557 $0 $0 TOTAL NON-OPERATING ($357,820) ($391,048) ($419,581) ($365,927) J1'356,37Q)_ $9,557 EXCESS REVENUES (EXPENDITURES) ($506,491) {$531,909) ($623,945) {$459,673) ~447,73fil: $7,122 Page 20

37 11 THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT Series 1999, Golf Course Revenue Bonds Amortization Schedule PRINCIPAL DATE BALANCE RATE INTEREST PRINCIPAL TOTAL 1-Apr-05 $ 5,535, % $ 182, ct-05 $ 5,535, % $ 182, Apr-06 $ 5,395, % $ 178, ct-06 $ 5,395, % $ 178, Apr-07 $ 5,245, % $ 173, ct-07 $ 5,245, % $ 173, Apr-08 $ 5,085, % $ 167, ct-08 $ 5,085, % $ 167, Apr-09 $ 4,915, % $ 162, ct-09 $ 4,915, % $ 162, Apr-10 $ 4,735, % $ 156, ct-10 $ 4,735, % $ 156, Apr-11 $ 4,540, % $ 149, ct-11 $ 4,540, % $ 149, Apr-12 $ 4,335, % $ 143, ct-12 $ 4,335, % $ 143, Apr-13 $ 4, 115, % $ 135, ct-13 $ 4, 115, % $ 135, Apr-14 $ 3,880, % $ 128, ct-14 $ 3,880, % $ 128, Apr-15 $ 3,630, % $ 119, ct-15 $ 3,630, % $ 119, Apr-16 $ 3,360, % $ 110, ct-16 $ 3,360, % $ 110, Apr-17 $ 3,075, % $ 101, ct-17 $ 3,075, % $ 101, Apr-18 $ 2,770, % $ 91, ct-18 $ 2,770, % $ 91, Apr-19 $ 2,445, % $ 80, ct-19 $ 2,445, % $ 80, Apr-20 $ 2, 100, % $ 69, ct-20 $ 2, 100, % $ 69, Apr-21 $ 1,730, % $ 57, Apr-21 $ 1,730, % $ 57, Apr-22 $ 1,340, % $ 44, ct-22 $ 1,340, % $ 44, Apr-23 $ 920, % $ 30, ct-23 $ 920, % $ 30, Apr-24 $ 475, % $ 15, $ 475, % $ 15, $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 140, $ 505, , $ 506, , $ 506, , $ 505, , $ 504, , $ 507, , $ 504, , $ 506, , $ 506, , $ 506, , $ 509, , $ 506, , $ 507, , $ 507, , $ 506, , $ 508, , $ 504, , $ 508, , $ 505, , $ 506, I I!I I' J $ 4,595, $ 5,535, $ 10, 130, r :i ~ i tl ii l! Page 21 I

38 Golf Fund Revenues: User Fees-Dues: Green/Cart Fees: Merchandise/Food/ Rental Revenue: Membership Income Other Fees: Miscellaneous Income: Patron membership dues for all categories Green and Cart fee revenues Golf Shop merchandise sales and all F&B sales (Food, NIA Beverage Sales: Beverage, Beer/Wine, and Liquor) Room rentals and golf club rentals Patron Trail Fees, Handicap dues, and Range Dues Cart repair income, Lesson income, Finance charges, and Daily range fees Expenditures: Salaries: Employee Expenses: Employee Uniforms: Automobile Expenses: Travel & Per Diem: Training: Janitorial Expense: Janitorial Supplies: Tournament & Events: Salaried and hourly full time and part time employee's wages for the Golf Operations, Maintenance, Food and Beverage, and Administrative. Payroll expenses (Taxes, Workers Comp, Health Insurance, and 401K) Staff uniforms for all departments Registration and maintenance of work truck Mileage reimbursement and work related travel Training seminars for staff. Janitorial service Janitorial supplies Member and Resident events (Trivia Night, Invitational tournament, etc) Page 22

39 Centralized Services: Course & Grounds Maintenance: Two T-1 lines, Marketing association fees (Fl I" Coast of Golf), Media buys (Golfers Guide), marketing, Newsletter, CSC office to book tee times (shared labor costs), Promotional advertising, Graphic art work, centralized accounting services. Golf course and irrigation repairs Repairs - Equipment: Repairs - Buildings: Equipment repairs for Golf, F&B, and Maintenance Repairs to buildings equipment. Operating Supplies: Office Supplies: Postage: Printing and Reproduction: Utility Services: Gas/Oil/Propane: Refuse and Pmiables: Telephone: Other Contractual Services: Music service: Dues and Subscriptions: Chemicals: Sand, Seed and Dressing: Small Tools: Licenses/Permits: Bad Debt Expense: Cash Shmi/Over: Supplies for Golf(Tees, Towels, Practice Balls), F&B (Linen, Serving Equipment, Paper Supplies), Maintenance Supplies Paper, Envelopes, Register Receipts, etc. Stamps Stationary and letterhead Electric and Water & Sewer F&B Propane, Gas, Diesel, and Hydraulic Oil Waste removal service Maintenance Internet, telephone and admin telephone Alarm and Pest Control services, Aerification contractor Music system for the clubhouse Comcast, FSGA handicap dues, PGA dues, etc Golf course chemicals Over seed, Top dressing, Divot sand, and Mulch Hedge Trimmers, Weed Eaters, Chain Saws, etc Food and Beverage licenses, ASCAP, SESAC Write off's for non-recoverable income Point of sale drawers balance Page 23

40 Trustee Fees/Bank Charges: Fe11ilizer - Course Management Fees (Hampton Golf): Rentals and Leases: Insurance: Other Current Charges: District Attorney: District Management I Administration: Lake Maintenance: Audit: Credit card commissions and Trustee charges Golf course fertilizers Golf Club management fees (Hampton) Cart fleet, Maintenance equipment, Dishwasher, Irrigation computer and Copier Liability and Property insurance Rea 1 Estate taxes Attorney fees District Manager and GMS, LLC fees. Treatment of lakes on GC for algae and weeds Audit fees Non-Operating Expenses Inter-fund Transfer In: Principle Expense: Interest Expenses: COD Assessments Golf Bond Principal Payment Interest on the Golf Bond Page 24

41 The Crossings at Fleming Island COD Golf Fund FY Budget Five Year Capital Plan Fiscal Year Capital Budget $ $ $ $ $ 50,000 50,000 50,000 50,000 50,000 Page 25

42 SWIM & TENNIS FUND

43 The Crossings at Fleming Island COMMUNITY DEVELOPMENT DISTRICT SWIM & TENNIS FUND FY2019 ADOPTED FY2018 BUDGET ACTUAL TOTAL THRU PROJECTED AT 7/31/2018 9/30/2018 APPROVED FY2019 BUDGET CHANGES REVENUES: User Fees $86,000 Lesson Income $160,000 CDD Lesson Income $21,000 Merchandise/Food/Beverage Sale $100,000 $90,909 $86,000 $102,791 $160,000 $15,710 $21,000 $85,511 $100,000 $86,000 $0 $135,000 $0 $15,000 $0 $75,000 $0 TOTAL REVENUES $367,000 $294,922 $367,000 $311,000 $0 COST OF GOODS SOLD: Cost of Goods Sold $50,000 $52,491 $50,000 $32,000 $0 GROSS PROFIT $317,000 $242,431 $317,000 $279,000 $0 EXPENDITURES: Dl!,erating_ Exg_enses: Salaries $745,720 Employee Expenses $175,100 Employee Education and Training $2,500 Lessons Paid Out $160,000 Promotional Activities $65,000 Other Contractual $10,000 Communications and Freight $17,000 Customer Service & Advertising $31,000 Repairs & Maintenance $85,000 Operating Supplies $20,750 Office Supplies $16,000 Printing & Binding $1,000 Utility Services $120,510 Gas/Oil/Propane $43,200 Dues/Subscriptions $2,000 Chemicals $51,450 Licenses/Permits $2,400 Shrinkage $0 Cash Short/Over $0 Trustee Fees $11,000 Rentals/Leases/Misc $5,700 Misc Expenses $0 District Manager/Administrator $37,080 Insurance $1,200 Taxes $20 Audit $0 District Attorney $0 TOTAL EXPENDITURES $1,603,630 $609,039 $705,000 $138,574 $175,100 $2,500 $5,000 $131,460 $160,000 $57,545 $65,000 $5,088 $10,000 $14, 149 $17,000 $25,833 $31,000 $72,627 $75,000 $20,199 $20,750 $18,420 $20,000 $833 $1,000 $97,310 $120,510 $37,556 $43,200 $2,000 $2,000 $41,085 $51,450 $1,950 $2,400 $0 $50 $0 $200 $8,445 $11,000 $4,750 $5,700 $0 $0 $30,900 $37,080 $1,200 $1,200 $0 $71 $0 $0 $0 $0 $1,321,464 $1,559,711 $705,000 $0 $169,200 $0 $7,500 $0 $135,000 $0 $75,000 $0 $10,000 $0 $17,000 $0 $31,000 $0 $85,000 $0 $22,000 $0 $20,000 $0 $1,000 $0 $120,510 $0 $43,200 $0 $4,000 $0 $51,450 $0 $2,400 $0 $0 $0 $0 $0 $11,000 $0 $5,700 $0 $0 $0 $33,234 $0 $27,018 $0 $100 $0 $2,300 $0 $5,600 $1,584,212 $0 i II 11 l :I Ii ij Non-012.erating lncome/&12.enses: 11 lnterfund Transfer In - GF $1,286,630 Other Income $0 Capital Expenses $0 $854,753 $1,271,630 $216 $250 ($1,523) ($1,523) $1,304,978 $0 $0 $0 $0 $0 11 Ii,j TOTAL NON-OPERATING $1,286,630 $853,447 $1,270,357 $1,304,978 $0 EXCESS REVENUES (EXPENDITURES) $0 ($225,586) $27,646 Page 26 ($234) $0 jj i! ii h

44 Swim & Tennis Fund Revenues: User Fees: Merchandise and F&B Sales: Roster & League Fees: Pass Holder Income, Guest Fees, Lesson Inco1ne, Facility Rental, Activity lncon1e and Finance charges Tennis Merchandise sales and Snack Bar sales (Net of Cost of Goods Sold) This inco1ne is generated fro1n fees charged to residents who participate on USTA, Country Club and other local leagues Expenditures: Operating Expenses: Salaries: Employee Expenses: Management Fees (Hampton): Other Contractual: Travel and Per Diem: Bad Debt Expense: Co1111nunications and Freight: Utility Services: Repairs and Maintenance: Printing & Binding: Pro1notional Activities: Office Supplies: Operating Supplies: Gas/Oil/Propane: Salaried and hourly full time and part time employee's wages for the Swhn, Tennis, Food and Beverage, Lifestyles, and Adtninistrative Payroll expenses (Taxes, Workers Comp, Health Insurance, and 401 K) Swim and Tennis 1nanage1nent fees Pest Control, Muzak, Alarm Service, and Etnployee Unifonns Mileage reimburse1nent and \Vork related travel Write off's for non-recoverable income Telephone, Postage and Waste Removal Electric and Water & Sewer Equipment repairs for Swim, Tennis and F&B. This also includes all building related repairs Creating of adve11ising booklets for events Pro1notion and event expenses for con1munity events and Lifestyle events (Haunted Hayride, etc) Paper, printer ca11ridges, receipt paper, etc Janitorial supplies, first aid equipment, 1niscellaneous Swim and 'fennis supplies Propane for the Snack Bar and Waterfront pool heaters Page 27

45 Books/Publications/Subs/ Memberships: Centralized Services: Lessons Paid Out: Bank Expenses: Chemicals: Licenses & Permits: Rentals & Leases: Insurance: District Management/ Administration: Audit: Answer Tech (Boat Storage) USPTA dues, CMAA dues, Sam's, etc Two T-1 lines, marketing, Newsletter, centralized accounting Lesson income paid to instructors Credit card con11nissions and bank tees Pool chen1icals Licenses and pool permits Rental equipment Liability and property insurance District Management and GMS, LLC fees Audit fees Non-Operating Income/Expenses: Inter-fund Transfer In: COD Funds to operate the Swim & Tennis operation, over and above revenues generated Page 28

46 A.

47 RESOLUTION A RESOLUTION OF THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT (THE DISTRICT ) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2018 AND ENDING SEPTEMBER 30, 2019 AND FIXING MAINTENANCE AND BENEFIT SPECIAL ASSESSMENTS FOR SAID FISCAL YEAR WHEREAS, the District Manager has submitted to the Board of Supervisors (the Board ) a proposed budget for the next ensuing budget year along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section (2)(a), Florida Statutes; and WHEREAS, at least sixty (60) days prior to the adoption of the proposed annual budget and any proposed long-term financial plan or program of the District for future operations (the Proposed Budget ), the District did file a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section (2)(b) and (3), Florida Statutes; and WHEREAS, the Board set August 30, 2018, as the date for a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section (2)(a), Florida Statutes; and WHEREAS, Section (2)(b), Florida Statutes, requires that, prior to October 1, of each year, the Board by passage of the Annual Appropriation Resolution shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and WHEREAS, the District Manager has prepared a Proposed Budget on a Cash Flow budget basis, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year; and WHEREAS, Section , Florida Statutes provides that the Annual Appropriation Resolution shall also fix the Maintenance Special Assessments and Benefit Special Assessments upon each property within the boundaries of the District benefited by the adopted maintenance and capital improvement program of the District, such levy representing the amount of assessments for District purposes necessary to provide for payment during the ensuing budget year of all properly authorized expenditures to be incurred by the District, including principal and interest of special revenue, capital improvement and/or benefit assessment bonds. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT: SECTION 1. Budget a. That the Board of Supervisors has reviewed the District Manager s Proposed Budget, a copy of which is on file with the office of the District Manager and at the District s Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below. b. That the District Manager s Proposed Budget, as amended by the Board, is hereby adopted in accordance with the provisions of Section (2)(a), Florida Statutes, and incorporation herein by reference; provided, however, that the comparative figures contained in the adopted budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures for Fiscal Year and/or revised projections for Fiscal Year c. That the adopted budget, as amended, shall be maintained in the office of the District Manager and the District Recording Secretary and identified as The Budget for the Crossings at Fleming Island Community Development District for the Fiscal Year Ending September 30, 2019, as adopted by the Board of Supervisors on August 30, 2018.

48 SECTION 2. Appropriations That there be, and hereby is appropriated out of the revenues of the Crossings at Fleming Island Community Development District, for the fiscal year beginning October 1, 2018, and ending September 30, 2019, the sum of $ to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion: TOTAL GENERAL FUND RESERVE FUND DEBT SERVICE FUNDS SERIES 2014A-1 SERIES 2014A-2 SERIES 2014A-3 Total All Funds SECTION 3. Supplemental Appropriations The Board may authorize by resolution, supplemental appropriations or revenue changes for any lawful purpose from funds on hand or estimated to be received within the fiscal year as follows: item. a. Board may authorize a transfer of the unexpended balance or portion thereof of any appropriation b. Board may authorize an appropriation from the un-appropriated balance of any fund. c. Board may increase any revenue or income budget amount to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the un-appropriated balance. The District Manager and Treasurer shall have the power within a given fund to authorize the transfer of any unexpected balance of any appropriation item or any portion thereof, provided such transfers do not exceed Ten Thousand ($10,000) Dollars or have the effect of causing more than 10% of the total appropriation of a given program or project to be transferred previously approved transfers included. Such transfer shall not have the effect of causing a more than $10,000 or 10% increase, previously approved transfers included, to the original budget appropriation for the receiving program. The District Manager or Treasurer may approve transfers within a program or project. The District Manager or Treasurer must establish administrative procedures which require information on the request forms proving that such transfer requests comply with this section. SECTION 4. Maintenance and Benefit Special Assessment Levy a. That the 2018 Maintenance and Benefit Special Assessment Levy (the assessment levy ) for the assessment upon all the property within the boundaries of the District based upon the benefit received, which levy represents the amount of assessments for District purposes necessary to provide for payment during the aforementioned budget year of all properly authorized expenditures to be incurred by the District, including principal and interest of special revenue, capital improvement and/or benefit assessment bonds. Said assessment levy shall the distributed as follows: General Debt Service General Fund O & M

49 Debt Service Fund b. The District Manager shall certify this levy to the County Property Appraiser and Tax Collector, in accordance with the applicable provisions of law, as required by Chapters 170, 190 and 197, of the Statutes. Introduced, considered favorably, and adopted this 30th day of August THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT By: Its: Chairman Attest: Secretary

50 B.

51 1.

52 RESOLUTION A RESOLUTION ADOPTING THE FINAL WATER AND WASTEWATER ENTERPRISE FUND BUDGET OF THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2018 AND ENDING SEPTEMBER 30, 2019 WHEREAS, the District Manager has heretofore prepared and submitted to the Board for approval the District s proposed Water and Wastewater Enterprise Fund Budget for the Fiscal Year ; and WHEREAS, a public hearing has been held on this 30th day of August 2018 at which members of general public were accorded the opportunity to speak prior to the adoption of the final Water and Wastewater Enterprise Fund Budget; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CROSSINGS OF FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT: 1. The Water and Wastewater Enterprise Fund Budget heretofore submitted to and approved by the Board is hereby adopted as the final Water and Wastewater Enterprise Fund Budget of the District for Fiscal Year A verified copy of said final Water and Wastewater Enterprise Fund Budget shall be attached as an exhibit to this Resolution in the District s Official Record of Proceedings. Introduced, considered favorably, and adopted this 30th day of August THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT By: Title: Chairman Attest: Secretary

53 2.

54 RESOLUTION A RESOLUTION ADOPTING THE FINAL GOLF COURSE ENTERPRISE FUND BUDGET OF THE CROSSINGS OF FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2018 AND ENDING SEPTEMBER 30, 2019 WHEREAS, the District Manager has heretofore prepared and submitted to the Board for approval the District s proposed Golf Course Enterprise Fund Budget for the Fiscal Year ; and WHEREAS, a public hearing has been held on this 30th day of August 2018 at which members of the general public were accorded the opportunity to speak prior to the adoption of the final Golf Course Enterprise Fund Budget; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CROSSINGS OF FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT: 1. The Golf Course Enterprise Fund Budget heretofore submitted to and approved by the Board is hereby adopted as the final Golf Course Enterprise Fund Budget of the District for Fiscal Year A verified copy of said final Golf Course Enterprise Fund Budget shall be attached as an exhibit to this Resolution in the District s Official Record of Proceedings. PASSED AND ADOPTED THIS 30th DAY OF AUGUST THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT (Sign) Chairman (Print) Secretary

55 C.

56 RESOLUTION LEVYING A NON AD VALOREM ASSESSMENT FOR OPERATION AND MAINTENANCE COSTS, WATER MANAGEMENT SYSTEM AND OTHER INFRASTRUCTURE PROJECTS WITHIN THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2018 AND ENDING SEPTEMBER 30, 2019 WHEREAS, certain improvements existing within the Crossings at Fleming Island Community Development District and certain costs of operation, repairs, and maintenance are being incurred; and WHEREAS, the Board of Supervisors of the Crossings at Fleming Island Community Development District finds that the costs of operation, repairs, and maintenance of the District during the fiscal year will amount to $ ; and WHEREAS, during the fiscal year , The Crossings at Fleming Island Community Development District will be required to pay approximately $ for debt service on the District Special Assessment Refunding Bonds for those facilities constructed to serve property within the District; and NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT: SECTION 1. That a non ad valorem assessment as provided for in Chapters 190 and 197 Florida Statutes (hereinafter referred to as an assessment ) is hereby levied on the lands within the District. SECTION 2. That the collection and enforcement of the aforesaid assessment shall be at the same time and in like manner as Clay County taxes. All assessments, and those assessments directly collected, shall be subject to the same discounts as Clay County taxes. SECTION 3. That the said assessment levy, and the lists of lands included in the District are hereby certified to the Clay County Property Appraiser on Exhibit A attached hereto to be extended on the Clay County Tax Roll and shall be collected by the Clay County Tax Collector in the same manner and time as Clay County taxes. The operations and maintenance assessments and debt service assessments associated with the platted lot designated on Exhibit B, will be collected directly by the District in accordance with Florida Law. The proceeds there from shall be paid to The Crossings at Fleming Island Community Development District. BE IT FURTHER RESOLVED, that a copy of this Resolution be transmitted to the proper public officials so that its purpose and effect may be carried out in accordance with law. Introduced, considered favorably, and adopted this 30th day of August THE CROSSINGS AT FLEMING ISLAND COMMUNITY DEVELOPMENT DISTRICT By: Its: Chairman Attest: Secretary

57 EIGHTH ORDER OF BUSINESS

58 B.

59 ! August 5th, 2018 Governmental Management Services, LLC. 475 West Town Place, STE #114 St. Augustine, FL Attn: Dave DeNagy, Steve Andersen, Courtney Hogge Dave, Steve and Courtney, Please find below maintenance services provided to The Crossings by Tree Amigos for July 1st through July 31st 2018: Routine landscape maintenance services executed according to schedule. Additional fertilizer application completed in thin areas along parkway. Replace annual flowers at Tennis courts and in certain areas where needed. Application of fungicide to all annual flower beds. Application of fungicide and insecticide to select ornamental beds throughout property to target pests. Mowing height raised on Bermuda turf slightly due to heavy rainfall and decreased mowing from moisture. Post emergent herbicide application to target Doveweed completed week of 7/23. Treat mole crickets in select areas along parkway where rainfall diminished control. Irrigation has been shut down for most of the month due to heavy rainfall. Tennis facility landscape renovation began the last week of July and will carry through the next several months. Will continue to monitor rainfall and adjust irrigation accordingly. Will also be applying moisture control products to ornamentals as needed pending continuous observation of plant health and disease. As always, we are highly dedicated in our efforts to sustain and enhance the unique landscape throughout Eagle Harbor for all its Members, Residents, and Guests to enjoy and be proud of. Thank you, Tree Amigos Highway 17 #235 Fleming Island, FL Office: (904) Fax: (904)