BROOKS OF BONITA SPRINGS & BROOKS OF BONITA SPRINGS II COMMUNITY DEVELOPMENT DISTRICTS ADOPTED BUDGET FISCAL YEAR 2019 UPDATED APRIL 13, 2018

Transcription

1 BROOKS OF BONITA SPRINGS & BROOKS OF BONITA SPRINGS II COMMUNITY DEVELOPMENT DISTRICTS ADOPTED BUDGET FISCAL YEAR 2019 UPDATED APRIL 13, 2018

2 BROOKS OF BONITA SPRINGS & BROOKS OF BONITA SPRINGS II COMMUNITY DEVELOPMENT DISTRICTS TABLE OF CONTENTS Description Page Number(s) Combined General Fund s 12 Definitions of General Fund Expenditures 35 General Fund Brooks of Bonita Springs 67 General Fund Brooks of Bonita Springs II 89 Debt Service Fund Brooks of Bonita Springs Series 2001 Bonds 10 Debt Service Fund Brooks of Bonita Springs Series 2001 Bonds Debt Service Schedule 11 Debt Service Fund Brooks of Bonita Springs Series 2006 Bonds 12 Debt Service Fund Brooks of Bonita Springs Series 2006 Debt Service Schedule A2 13 Debt Service Fund Brooks II Series 2003 Bonds 14 Debt Service Fund Brooks II Series 2003A Debt Service Schedule 15 Debt Service Fund Brooks II Series 2006 Bonds 16 Debt Service Fund Brooks II Series 2017 Bonds 17 Debt Service Fund Brooks II Series 2017 Debt Service Schedule 18 Proposed Fiscal Year 2015 Assessments Brooks I Series 1998A 19 Proposed Fiscal Year 2015 Assessments Brooks I Series 2001A 20 Proposed Fiscal Year 2015 Assessments Brooks II Series Proposed Fiscal Year 2015 Assessments Brooks II Series

3 BROOKS OF BONITA SPRINGS & BROOKS OF BONITA SPRINGS II COMMUNITY DEVELOPMENT DISTRICTS COMBINED GENERAL FUND BUDGETS FISCAL YEAR 2019 Fiscal Year 2018 Adopted FY 2018 Actual 3/31/2018 Projected 9/30/2018 Total Revenue & Expenditures Proposed FY 2019 REVENUES Assessment levy gross $ 2,168,915 $ 2,167,352 Allowable discounts (4%) (86,757) (86,694) Assessment levy net 2,082,158 $ 2,015,894 $ 66,264 $ 2,082,158 2,080,658 Commons Club share maint cost* 158, , , ,295 Coconut Road cost sharing: mall contribution 13,000 13,000 13,000 13,000 Interest & miscellaneous 3, ,892 3,501 3,500 Total revenues 2,256,953 2,016, ,451 2,256,954 2,255,453 EXPENDITURES Professional & admin Supervisors 14,000 4,091 9,909 14,000 14,000 Management 91,526 45,763 45,763 91,526 91,526 Accounting 38,077 19,039 19,038 38,077 38,077 Audit 19,000 19,000 19,000 19,000 Legal 10,000 2,986 7,014 10,000 10,000 Field management 43,576 21,789 21,787 43,576 43,576 Engineering 30,000 4,655 25,345 30,000 30,000 Trustee 12,900 3,717 9,183 12,900 12,900 Dissemination agent 2,000 1,000 1,000 2,000 2,000 Arbitrage 6,000 6,000 6,000 6,000 Assessment roll preparation 37,500 37,501 37,501 37,500 Telephone 1, ,035 1,035 Postage 1, ,017 1,200 Insurance 14,712 14,011 14,011 14,712 Printing & binding 2,277 1,138 1,139 2,277 2,277 Legal advertising 1, ,240 1,500 1,500 Contingencies 2,800 1, ,800 2,800 Annual District filing fee Communication 1,000 1,000 1,000 1,000 Total professional & admin 329, , , , ,453 Water management Contractual services 316, , , , ,488 NPDES 17,000 19,824 19,824 17,000 Aquascaping 30,000 30,000 Aeration 75,000 11,305 50,000 61,305 75,000 Aeration operating supplies 30,000 8,195 15,000 23,195 30,000 Culvert cleaning 5,000 1,201 3,799 5,000 5,000 Miscellaneous 5,000 3,872 1,128 5,000 5,000 Capital outlay lake bank erosion repairs 100,000 2,021 80,000 82, ,000 Boundary exotic removalshared Ditch 20,000 20,000 Total water management 598, , , , ,488 Lighting Contractual services 15,000 11,670 10,000 21,670 18,000 Electricity 28,000 14,953 15,000 29,953 30,000 Miscellaneous 2, ,000 17,919 2,500 Total lighting 45,500 27,542 42,000 69,542 50,500 1

4 BROOKS OF BONITA SPRINGS & BROOKS OF BONITA SPRINGS II COMMUNITY DEVELOPMENT DISTRICTS COMBINED GENERAL FUND BUDGETS FISCAL YEAR 2019 Adopted FY 2018 Fiscal Year 2018 Actual 3/31/2018 Projected 9/30/2018 Total Revenue & Expenditures Proposed FY 2019 Maintenance Railroad crossing lease 13,410 13,410 Total maintenance 13,410 13,410 Landscape maintenance Coconut Rd. & Three Oaks Parkway Pinestraw/soil/sand 50,000 32,287 17,713 50,000 50,000 Plant replacement supplies 80,000 1,000 80,000 81,000 80,000 Maintenance supplies 1,500 3,700 3,700 1,500 Electricity Irrigation water 90,000 38,428 30,000 68,428 70,000 Electric 41 entry feature/irrigation 10,000 3,182 5,000 8,182 10,000 Contract services 4,000 8,955 5,000 13,955 10,000 Irrigation repair 5, ,597 5,000 2,500 Landscape maintenance contract 629, , , , ,294 Irrigation management 5,750 3,500 9,250 10,000 Hurricane clean up 159,873 90, ,873 Total Coconut Rd. & Three Oaks Parkway 870, , ,377 1,119, ,994 Parks and recreation Coconut Road Park Capital outlay 25,000 24, ,000 30,000 License fees Plant replacements 13,000 13,000 13,000 13,000 Other maintenance supplies 4,000 1,175 2,825 4,000 4,000 Electric 15,000 3,481 11,519 15,000 15,000 Irrigation water 6,000 3,429 2,571 6,000 6,000 Sewer/water 1, ,000 1,000 Contract services 2,500 12,985 1,000 13,985 15,000 Building R&M 1, ,000 1,000 Landscape maint contract 109,000 44,029 64, , ,000 Hardscape repairs 5,500 12,021 2,000 14,021 15,000 Lighting repairs 4,000 5,209 2,000 7,209 5,000 Hardscape maintenance 22,500 3,738 4,000 7,738 6,500 CC building landscaping 11,500 11,500 11,500 11,500 Admin fee 12,000 Total parks and recreation 232, , , , ,150 Other fees and charges Property appraiser 4,127 4,127 4,127 4,127 Tax collector 5,331 5, ,331 5,331 Total other fees and charges 9,458 5,068 4,390 9,458 9,458 Total expenditures 2,098,953 1,041,005 1,216,841 2,257,846 2,097,453 Excess/(deficiency) of revenues over/(under) expenditures 158, ,498 (976,390) (892) 158,000 Fund balance: beginning (unaudited) 722, ,052 1,535, , ,160 Fund balance: ending (projected) Assigned: capital outlay projects 480, ,652 Unassigned 400,000 1,535, , , ,508 Fund balance: ending (projected) $ 880,652 $ 1,535,550 $ 559,160 $ 559,160 $ 717,160 2

5 BROOKS OF BONITA SPRINGS & BROOKS OF BONITA SPRINGS II COMMUNITY DEVELOPMENT DISTRICTS COMBINED GENERAL FUND BUDGETS FISCAL YEAR 2019 Adopted FY 2018 Fiscal Year 2018 Actual 3/31/2018 Projected 9/30/2018 Total Revenue & Expenditures Proposed FY 2019 Cost Sharing Analysis Assessments Per Unit # of Units Cost Allocation FY '18 Per Unit FY '19 Per Unit Total Brooks I 2, % $ $ $1,423,917 Brooks II 1, % $ $ ,435 3, % $2,167,352 *A portion of "operation and maintenance" expenditures are offset by the Commons Club (see "Commons Club share maint cost" in the revenue section [above]). 3

6 BROOKS OF BONITA SPRINGS & BROOKS OF BONITA SPRINGS II COMMUNITY DEVELOPMENT DISTRICTS DEFINITIONS OF GENERAL FUND EXPENDITURES EXPENDITURES Supervisors $ 14,000 The amount paid to each Supervisor for time devoted to District business and monthly meetings. The amount paid is $200 per meeting for each member of the board. The Districts anticipate five meetings, in addition to applicable taxes. Management 91,526 Wrathell, Hunt and Associates, LLC, specializes in managing community development districts in the State of Florida by combining the knowledge, skills and experience of a team of professionals to ensure compliance with all governmental requirements of the districts, develop financing programs, oversee the issuance of tax exempt bonds, and operate and maintain the assets of the communities. Accounting 38,077 Fees related to all aspects of accounting for the Districts' funds, including budget and financial statement preparation, cash management and accounts payable. These functions are performed by Wrathell, Hunt and Associates, LLC, on behalf of the districts. Audit 19,000 The Districts are required to complete annual, independent examinations of their accounting records and procedures. These audits are conducted pursuant to Florida Law and the Rules of the Florida Auditor General. The Districts currently have a contract with Grau and Associates to provide this service. Legal 10,000 Daniel H. Cox, PA., provides ongoing general counsel and legal representation. Attorneys attend the noticed Board meetings in order to anticipate and deal with possible legal issues as they may arise and to respond to questions. In this capacity, as local government lawyers, realize that this type of local government is very limited in its scope providing infrastructure and service to development. Field management 43,576 The Field Manager is responsible for daytoday field operations. These responsibilities include preparing and bidding of services and commodities, contract administration, preparation and implementation of operating schedules and policies, ensuring compliance with operating permits, preparing field budges, being a resource for the Districts' programs and attending board meetings.. Engineering 30,000 Johnson Engineering provides an array of engineering and consulting services to the Districts, assists in developing infrastructure and improvementrelated solutions, in addition to advising on facility maintenance. Trustee 12,900 Annual fees paid to U.S. Bank for acting as trustee, paying agent and registrar. Dissemination agent 2,000 The Districts must annually disseminate financial information in order to comply with the requirements of Rule 15c212 under the Securities & Exchange Act of Arbitrage 6,000 To ensure the Districts' compliance with all tax regulations, annual computations are necessary to calculate arbitrage rebate liability. Assessment roll preparation 37,500 The Districts have contracts with AJC Associates, Inc., to prepare and maintain the annual assessment rolls. Telephone 1,035 Telephone and fax machine services. Postage 1,200 Mailing of agenda packages, overnight deliveries, correspondence, etc. 3

7 BROOKS OF BONITA SPRINGS & BROOKS OF BONITA SPRINGS II COMMUNITY DEVELOPMENT DISTRICTS DEFINITIONS OF GENERAL FUND EXPENDITURES EXPENDITURES (continued) Insurance 14,712 The Districts carry public officials liability, general liability and fire damage insurance. Each District has a general liability insurance limit of $1,000,000 ($2,000,000 general aggregate limit), a public officials liability limit of $1,000,000 ($2,000,000 general aggregate limit) and a fire damage liability limit of $50,000. Printing & binding 2,277 Checks, letterhead, envelopes, copies, etc. Legal advertising 1,500 Required advertisements for monthly meetings, special meetings, public hearings, bidding, etc. Contingencies 2,800 Bank charges and miscellaneous expenses incurred out the year. Annual District filing fees 350 Annual fees paid to the Department of Economic Opportunity. Communication 1,000 Periodic written communications to residents in addition to website design and maintenance. Contractual services 316,488 Contracts entered into by the Districts for water management related professional services. NPDES 17,000 Fees associated with maintaining water quality and compliance with the National Pollutant Discharge Elimination System's (NPDES) program standards. Aquascaping 30,000 Expenses incurred relating to supplemental planting of lakes and wetlands. Aeration 75,000 Expenses incurred in installing new aeration systems within the community. The Districts anticipate installing several new systems during the fiscal year. Aeration operating supplies 30,000 Electricity, service and maintenance of the Districts' existing aeration systems. Culvert cleaning 5,000 Expenses for hiring a contractor to inspect and clean the Districts' drainage culvert system. Due to minimal findings the last few years of this program, the District anticipates a spot check only approach for the next few years. Miscellaneous 5,000 Miscellaneous expenses incurred relating to water management of the Districts. Capital outlay lake bank erosion repairs 100,000 The District's has which began implemented a multiyear lake bank erosion repair program in Fiscal Year The program is geared towards insuring compliance with the District's surface water management permits and will be implemented on a priority basis. Boundary exotic removalshared Ditch 20,000 Fees associated with, in accordance with regulatory permits, the removal of exotic material from the boundaries of the water management system on a periodic basis including the shared cost agreement with San Carlos Estates. Includes a quarterly bushhogging program. Contractual services 18,000 Expenses for hiring a subcontractor for electrical maintenance and repair. Electricity 30,000 Monthly street lighting fees paid to Florida Power & Light. Miscellaneous 2,500 Unforeseen miscellaneous costs relating to lighting. Railroad crossing lease 13,410 4

8 BROOKS OF BONITA SPRINGS & BROOKS OF BONITA SPRINGS II COMMUNITY DEVELOPMENT DISTRICTS DEFINITIONS OF GENERAL FUND EXPENDITURES EXPENDITURES (continued) Coconut Rd. & Three Oaks Parkway Pinestraw/soil/sand 50,000 This expense is based on the actual cost for one application of pine straw and soil as needed. Plant replacement supplies 80,000 For Fiscal Year 2019, it is anticipated that the District will need to continue to replace dead, deteriorated plant materials that are determined not to be the result of negligence on the part of the maintenance contractor. Maintenance supplies 1,500 This cost is based on the actual outofpocket expenses to continue the holiday decorations program. Electricity 700 This cost is based on the metered expenses for various fountains, irrigation, lighting and entry features. Irrigation water 70,000 The annual budget assumes normal weather patterns. Cost is based on actual metered volume. Electric 41 entry feature/irrigation 10,000 Contract Services 10,000 This is for the cost of pressure washing/painting the entry monuments and irrigation mgmt.. Irrigation repair 2,500 Costs associated with the repair of irrigation facilities that are not covered under the maintenance contract. Landscape maintenance contract 629,294 Covers the routine landscape maintenance cost associated with the District's current contract with Girard Environmental Services Inc., for all areas. Irrigation Management 10,000 Intended to cover the costs associated with the irrigation management contract with Irrigation Design Group. Parks and recreation Coconut Road Park Capital outlay 30,000 Intended to address annual capital needs License Fees 150 Covers the annual cost of renewing the health department permit for the interactive fountain. Plant Replacements 13,000 Intended to cover the costs of replacing dead or deteriorated plants. Other Maintenance Supplies 4,000 Intended to cover the miscellaneous costs of supplies for the restrooms and playground. Electric 15,000 Intended to cover the electrical costs associated with the lighting and fountains. Irrigation Water 6,000 Intended to cover the cost of irrigation water received from RCS. Sewer/Water 1,000 Intended to cover the costs of water and sewer service to the restrooms and interactive fountain. Contract Services 15,000 Intended to cover the costs of contractor providing routine services to the restrooms, fountains and periodic security patrol. Building R&M 1,000 Intended to cover restroom repairs and maintenance. Landscape Maint Contract 109,000 5

9 BROOKS OF BONITA SPRINGS & BROOKS OF BONITA SPRINGS II COMMUNITY DEVELOPMENT DISTRICTS DEFINITIONS OF GENERAL FUND EXPENDITURES Intended to cover the costs associated with maitaining the landscaping. Hardscape Repairs 15,000 Intended to cover the periodic costs of repairing signs/monuments, court surfaces, paver walkways etc. Lighting Repairs 5,000 Intended to cover the cost of periodic repairs to parking lot and walkway lighting as well as landscape lighting. Hardscape Maintenance 6,500 Intended to cover the periodic cost of pressure washing monument signs, walkways etc. CC Building Landscaping 11,500 Intended to cover the costs associated maintaining the landscaping immediately adjacent to the Commons Club buildings. Property appraiser 4,127 The property appraiser's fee is $1.00 per parcel in the Districts' boundaries. Tax collector 5,331 The tax collector's fee is 1.5% of the total assessments levied. Total expenditures $ 2,097,453 6

10 BROOKS OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND BUDGET FISCAL YEAR 2019 Fiscal Year 2018 Adopted FY 2018 Actual 3/31/2018 Projected 9/30/2018 Total Revenue & Expenditures Proposed FY 2019 REVENUES Assessment levy gross $ 1,424,977 $ 1,423,950 Allowable discounts (4%) (56,999) (56,958) Assessment levy net 1,367,978 $ 1,319,613 $ 48,365 $ 1,367,978 1,366,992 Commons Club share maint cost 104, , , ,000 Coconut Road cost sharing: mall contribution 8,541 8,541 8,541 8,541 Interest & miscellaneous 2, ,018 2,300 2,300 Total revenues 1,482,819 1,319, ,924 1,482,819 1,481,833 EXPENDITURES Professional & admin Supervisors 9,198 2,688 6,510 9,198 9,198 Management 60,133 30,067 30,066 60,133 60,133 Accounting 25,017 12,509 12,508 25,017 25,017 Audit 12,483 12,483 12,483 12,483 Legal 6,570 1,962 4,608 6,570 6,570 Field management 28,629 14,315 14,314 28,629 28,629 Engineering 19,710 3,058 16,652 19,710 19,710 Trustee 8,475 2,442 6,033 8,475 8,475 Dissemination Agent 1, ,314 1,314 Arbitrage 3,942 3,942 3,942 3,942 Assessment roll preparation 24,638 24,638 24,638 24,638 Telephone Postage Insurance 9,666 9,205 9,205 9,666 Printing & binding 1, ,496 1,496 Legal advertising Contingencies 1,840 1, ,844 1,840 Annual District filing fee Communication Total professional & admin 216, ,036 98, , ,452 Water management Contractual services 207,933 69, , , ,933 NPDES 11,169 13,025 13,025 11,169 Aquascaping 19,710 19,710 Aeration 49,275 11,305 32,850 44,155 49,275 Aeration operating supplies 19,710 2,300 9,855 12,155 19,710 Culvert cleaning 3,285 2,496 2,496 3,285 Miscellaneous 3,285 3, ,613 3,285 Capital outlay lake bank erosion repairs 65,700 52,560 52,560 65,700 Boundary exotic removalshared Ditch 13,140 13,140 Total water management 393, , , , ,207 Lighting Contractual services 9,855 7,667 6,570 14,237 11,826 Electricity 18,396 9,824 9,855 19,679 19,710 Miscellaneous 1, ,169 11,773 1,643 Total lighting 29,894 18,095 27,594 45,689 33,179 6

11 BROOKS OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND BUDGET FISCAL YEAR 2019 Adopted FY 2018 Fiscal Year 2018 Actual 3/31/2018 Projected 9/30/2018 Total Revenue & Expenditures Proposed FY 2019 Maintenance Railroad crossing lease 8,810 8,810 Total maintenance 8,810 8,810 Landscape maintenance Coconut Rd. & Three Oaks Parkway Pinestraw/soil/sand 32,850 21,213 11,637 32,850 32,850 Plant replacement supplies 52, ,560 53,217 52,560 Maintenance supplies 986 2,431 2, Electricity Irrigation water 59,130 25,247 19,710 44,957 45,990 Electric 41 entry feature/irrigation 6,570 2,091 3,285 5,376 6,570 Contract services 2,628 5,883 3,285 9,168 6,570 Irrigation repair 3, ,020 3,285 1,643 Landscape maintenance contract 413, , , , ,446 Irrigation management 3,778 2,300 6,078 6,570 Hurricane clean up 105,037 59, ,167 Total Coconut Rd. & Three Oaks Parkway 571, , , , ,645 Parks and recreation Coconut Road Park Capital outlay 16,425 16, ,425 19,710 License Fees Plant Replacements 8,541 8,541 8,541 8,541 Other Maintenance Supplies 2, ,856 2,628 2,628 Electric 9,855 2,287 7,568 9,855 9,855 Irrigation Water 3,942 2,253 1,689 3,942 3,942 Sewer/Water Contract Services 1,643 8, ,188 9,855 Building R&M Landscape Maint Contract 71,613 28,927 42,686 71,613 71,613 Hardscape Repairs 3,614 7,898 1,314 9,212 9,855 Lighting Repairs 2,628 3,422 1,314 4,736 3,285 Hardscape Maintenance 14,783 2,456 2,628 5,084 4,271 CC Building Landscaping 7,556 7,556 7,556 7,556 Admin Fee 7,884 Total parks and recreation 152,525 73,515 76, , ,524 Other fees and charges Property appraiser 2,711 2,711 2,711 2,711 Tax collector 3,502 3, ,502 3,502 Total other fees and charges 6,213 3,329 2,884 6,213 6,213 Total expenditures 1,379, , ,465 1,483,414 1,378,030 Excess/(deficiency) of revenues over/(under) expenditures 103, ,946 (636,541) (595) 103,803 Fund balance: beginning (unaudited) 412, , , , ,644 Fund balance: ending (projected) Assigned: capital outlay projects 315, ,788 Unreserved, undesignated 200, , , ,644 92,659 Fund balance: ending (projected) $ 516,186 $ 941,185 $ 304,644 $ 304,644 $ 408,447 7

12 BROOKS OF BONITA SPRINGS II COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND BUDGET FISCAL YEAR 2019 Fiscal Year 2018 Adopted FY 2018 Actual 3/31/2018 Projected 9/30/2018 Total Revenue & Expenditures Proposed FY 2019 REVENUES Assessment levy gross $ 743,938 $ 743,402 Allowable discounts (4%) (29,758) (29,736) Assessment levy net 714,180 $ 696,281 $ 17,899 $ 714, ,666 Commons Club share maint cost 54,295 54,295 54,295 54,295 Coconut Road cost sharing: mall contribution 4,459 4,459 4,459 4,459 Interest & miscellaneous 1, ,201 1,201 Total revenues 774, ,608 77, , ,621 EXPENDITURES Professional & admin Supervisors 4,802 1,403 3,399 4,802 4,802 Management 31,393 15,696 15,697 31,393 31,393 Accounting 13,060 6,530 6,530 13,060 13,060 Audit 6,517 6,517 6,517 6,517 Legal 3,430 1,024 2,406 3,430 3,430 Field management 14,947 7,474 7,473 14,947 14,947 Engineering 10,290 1,597 8,693 10,290 10,290 Trustee 4,425 1,275 3,150 4,425 4,425 Dissemination Agent Arbitrage 2,058 2,058 2,058 2,058 Assessment roll preparation 12,863 12,863 12,863 12,863 Telephone Postage Insurance 5,046 4,806 4,806 5,046 Printing & binding Legal advertising Contingencies Annual District filing fee Communication Total professional & admin 113,003 61,094 51, , ,003 Water management Contractual services 108,555 36,340 68, , ,555 NPDES 5,831 6,799 6,799 5,831 Aquascaping 10,290 10,290 Aeration 25,725 17,150 17,150 25,725 Aeration operating supplies 10,290 5,895 5,145 11,040 10,290 Culvert cleaning 1,715 1,201 1,303 2,504 1,715 Miscellaneous 1, ,715 Capital outlay lake bank erosion repairs 34,300 2,021 27,440 29,461 34,300 Boundary exotic removalshared Ditch 6,860 6,860 Total water management 205,281 52, , , ,281 Lighting Contractual services 5,145 4,003 3,430 7,433 6,174 Electricity 9,604 5,129 5,145 10,274 10,290 Miscellaneous ,831 6, Total lighting 15,607 9,447 14,406 23,853 17,322 8

13 BROOKS OF BONITA SPRINGS II COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND BUDGET FISCAL YEAR 2019 Adopted FY 2018 Fiscal Year 2018 Actual Projected 3/31/2018 9/30/2018 Total Revenue & Expenditures Proposed FY 2019 Maintenance Railroad crossing lease 4,600 4,600 Total maintenance 4,600 4,600 Landscape maintenance Coconut Rd. & Three Oaks Parkway Pinestraw/soil/sand 17,150 11,074 6,076 17,150 17,150 Plant replacement supplies 27, ,440 27,783 27,440 Maintenance supplies 515 1,269 1, Electricity Irrigation water 30,870 13,181 10,290 23,471 24,010 Electric 41 entry feature/irrigation 3,430 1,091 1,715 2,806 3,430 Contract services 1,372 3,072 1,715 4,787 3,430 Irrigation repair 1, ,577 1, Landscape maintenance contract 215, , , , ,848 Irrigation management 1,972 1,201 3,173 3,430 Hurricane clean up 54,836 30,870 85,706 Total Coconut Rd. & Three Oaks Parkway 298, , , , ,351 Parks and recreation Coconut Road Park Capital outlay 8,575 8, ,575 10,290 License Fees Plant Replacements 4,459 4,459 4,459 4,459 Other Maintenance Supplies 1, ,372 1,372 Electric 5,145 1,194 3,951 5,145 5,145 Irrigation Water 2,058 1, ,058 2,058 Sewer/Water Contract Services 858 4, ,797 5,145 Building R&M Landscape Maint Contract 37,387 15,102 22,285 37,387 37,387 Hardscape Repairs 1,887 4, ,809 5,145 Lighting Repairs 1,372 1, ,473 1,715 Hardscape Maintenance 7,718 1,282 1,372 2,654 2,230 CC Building Landscaping 3,945 3,945 3,945 3,945 Admin Fee 4,116 Total parks and recreation 79,629 38,381 40,031 78,412 79,628 Other fees and charges Property appraiser 1,416 1,416 1,416 1,416 Tax collector 1,829 1, ,829 1,829 Total other fees and charges 3,245 1,739 1,506 3,245 3,245 Total expenditures 719, , , , ,430 Excess/(deficiency) of revenues over/(under) expenditures 54, ,552 (339,849) (297) 54,191 Fund balance: beginning (unaudited) 310, , , , ,516 Fund balance: ending (projected) Assigned: capital outlay projects 164, ,864 Unreserved, undesignated 199, , , , ,843 Fund balance: ending (projected) $ 364,459 $ 594,365 $ 254,516 $ 254,516 $ 308,707 9

14 BROOKS OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND BUDGET SERIES 2001 BONDS FISCAL YEAR 2019 Fiscal Year 2018 Adopted Projected Total Revenue Proposed FY 2018 Actual 3/31/2018 9/30/2018 & Expenditures FY 2019 REVENUES Assessment levy: onroll gross $ 108,740 $ 110,380 Allowable discounts (4%) (4,350) (4,415) Assessment levy: onroll net 104,390 $ 100,449 $ 3,941 $ 104, ,965 Interest Income Total revenues 104, ,842 3, , ,965 EXPENDITURES Debt service Principal 40,000 40,000 40,000 45,000 Principal prepayment 10,000 10,000 Interest 64,390 32,195 32,195 64,390 60,965 Total debt service 104,390 42,195 72, , ,965 Fund balance: Net increase/(decrease) in fund balance 58,647 (68,254) (9,607) Beginning fund balance (unaudited) 126, , , , ,568 Ending fund balance (projected) $ 126,499 $ 185,822 $ 117,568 $ 117, ,568 Use of fund balance Debt service reserve account balance (required) (74,493) Interest expense November 1, 2019 (28,941) Projected fund balance surplus/(deficit) as of September 30, 2019 $ 14,134 10

15 Brooks I Community Development District Series 2001 $1,555,000 Debt Service Schedule Date Principal Coupon Interest Total P+I 11/01/ , , /01/ , % 31, , /01/ , , /01/ , % 30, , /01/ , , /01/ , % 28, , /01/ , , /01/ , % 27, , /01/ , , /01/ , % 25, , /01/ , , /01/ , % 23, , /01/ , , /01/ , % 21, , /01/ , , /01/ , % 19, , /01/ , , /01/ , % 17, , /01/ , , /01/ , % 14, , /01/ , , /01/ , % 12, , /01/2028 9, , /01/ , % 9, , /01/2029 6, , /01/ , % 6, , /01/2030 3, , /01/ , % 3, , Total $930, $547, $1,477,

16 BROOKS OF BONITA SPRINGS COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND BUDGET SERIES 2006 BONDS FISCAL YEAR 2019 Fiscal Year 2018 Adopted FY 2018 Actual 3/31/2018 Projected 9/30/2018 Total Revenue & Expenditures Proposed FY 2019 REVENUES Assessment levy: onroll gross $ 1,256,510 $ 856,752 Allowable discounts (4%) (50,260) (34,270) Assessment levy: onroll net 1,206,250 $ 1,160,702 $ 45,548 $ 1,206, ,482 Interest & miscellaneous 1,609 1,609 Total revenues 1,206,250 1,162,311 45,548 1,207, ,482 EXPENDITURES Debt service Principal 1,105,000 1,105,000 1,105,000 1,145,000 Interest 101,250 50,625 50, ,250 51,525 Total debt service 1,206,250 50,625 1,155,625 1,206,250 1,196,525 Net change in fund balances 1,111,686 (1,110,077) 1,609 (374,043) Beginning fund balance (unaudited) 368, ,434 1,484, , ,043 Ending fund balance (projected) $ 368,640 $ 1,484,120 $ 374,043 $ 374,043 $ Use of fund balance Interest expense November 1, 2019 Projected fund balance surplus/(deficit) as of September 30, 2019 $ 12

17 Brooks I Community Development District Series 2006 A2 $8,000,000 Debt Service Schedule Date Principal Coupon Interest Total P+I 11/01/ , , /01/2019 1,145, % 25, ,170, Total $1,145, $51, $1,196,

18 BROOKS OF BONITA SPRINGS II COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND BUDGET SERIES 2003 BONDS FISCAL YEAR 2019 Fiscal Year 2018 Adopted FY 2018 Actual 3/31/2018 Projected 9/30/2018 Total Revenue & Expenditures Proposed FY 2019 REVENUES Assessment levy: onroll gross $ 119,505 $ 121,843 Allowable discounts (4%) (4,780) (4,874) Assessment levy: onroll net 114,725 $ 112,326 $ 2,399 $ 114, ,969 Interest & miscellaneous Total revenues 114, ,789 2, , ,969 EXPENDITURES Debt service Principal 40,000 40,000 40,000 45,000 Principal prepayment 5,000 5,000 Interest 74,725 37,363 37,209 74,572 71,969 Total debt service 114,725 42,363 77, , ,969 Net change in fund balances 70,426 (74,810) (4,384) Beginning fund balance (unaudited) 143, , , , ,413 Ending fund balance (projected) $ 143,838 $ 215,223 $ 140,413 $ 140, ,413 Use of Fund Balance Debt Service Reserve Account Balance (Required) (91,374) Interest Expense November 1, 2019 (34,606) Projected fund balance surplus/(deficit) as of September 30, 2019 $ 14,433 14

19 Brooks II Community Development District Series 2003 A $1,645,000 Debt Service Schedule Date Principal Coupon Interest Total P+I 11/01/ , , /01/ , % 37, , /01/ , , /01/ , % 35, , /01/ , , /01/ , % 34, , /01/ , , /01/ , % 33, , /01/ , , /01/ , % 31, , /01/ , , /01/ , % 30, , /01/ , , /01/ , % 28, , /01/ , , /01/ , % 26, , /01/ , , /01/ , % 24, , /01/ , , /01/ , % 22, , /01/ , , /01/ , % 20, , /01/ , , /01/ , % 17, , /01/ , , /01/ , % 15, , /01/ , , /01/ , % 12, , /01/2031 9, , /01/ , % 9, , /01/2032 6, , /01/ , % 6, , /01/2033 3, , /01/ , % 3, , Total $1,215, $779, $1,994,

20 BROOKS OF BONITA SPRINGS II COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND BUDGET SERIES 2017 BONDS (REFUNDED SERIES 2006) FISCAL YEAR 2019 Fiscal Year 2018 Adopted FY 2018 Actual 3/31/2018 Projected 9/30/2018 Total Revenue & Expenditures Proposed FY 2019 REVENUES Assessment levy: onroll gross $ 1,141,518 $ 1,141,518 Allowable discounts (4%) (45,661) (45,661) Assessment levy: onroll net 1,095,857 $ 1,065,225 $ 30,632 $ 1,095,857 1,095,857 Interest & miscellaneous 1,811 1,811 Total Revenues 1,095,857 1,067,036 30,632 1,097,668 1,095,857 EXPENDITURES Debt Service Principal 721, , , ,000 Interest 385, , , , ,413 Total debt service 1,106, , ,882 1,106,764 1,107,413 Excess/(deficiency) of revenues over/(under) expenditures (10,907) 874,154 (883,250) (9,096) (11,556) OTHER FINANCING SOURCES/(USES) Transfers in Total other financing sources/(uses) Net change in fund balances (10,907) 874,488 (883,250) (8,762) (11,556) Beginning fund balance (unaudited) 488, , , ,664 Ending fund balance (projected) $ 477,920 $ 1,410,914 $ (883,250) $ 527, ,108 Use of fund balance Debt service reserve account balance (required) (273,970) Interest expense November 1, 2019 (170,175) Projected fund balance surplus/(deficit) as of September 30, 2019 $ 71,963 17

21 Brooks II Community Development District Series 2017 (Refunded Series 2006) $12,444,000 Debt Service Schedule Date Principal Coupon Interest Total P+I 11/01/ , , /01/ , % 181, , /01/ , , /01/ , % 170, , /01/ , , /01/ , % 158, , /01/ , , /01/ , % 146, , /01/ , , /01/ , % 133, , /01/ , , /01/ , % 120, , /01/ , , /01/ , % 106, ,002, /01/ , , /01/ , % 92, ,016, /01/ , , /01/ , % 78, ,031, /01/ , , /01/ , % 63, ,046, /01/ , , /01/2029 1,014, % 48, ,062, /01/ , , /01/2030 1,046, % 32, ,078, /01/ , , /01/2031 1,079, % 16, ,095, Total $11,723, $2,701, $14,424,

22 Brooks of Bonita Springs Community Development District Final Assessments 2006 Series Bond Issue (REFINANCED Series 1998) Lee County PAID IN FULL Outstanding Principal Bond Debt Service O & M Total after Neighborhood Designation Assessment Assessment Assessment tax payment Orchid Ridge Est SF $ 1, $ $ 2, $ Magnolia Bend Est SF 2 $ 1, $ $ 2, $ Summerfield Stand SF $ $ $ 1, $ Cedar Glen Stand SF $ $ $ 1, $ Sycamore Grove Stand SF $ $ $ 1, $ Idlewilde Stand SF 2 $ $ $ 1, $ Tamarind Trace Patio 1 (a) $ $ $ 1, $ Ginger Pointe Patio 1 (b) $ $ $ 1, $ Sweet Bay Patio 1 ( c ) $ $ $ 1, $ Laurel Meadow Patio 2 $ $ $ 1, $ Oak Strand Patio 2 (a) $ $ $ 1, $ Morningside Coach 1 $ $ $ 1, $ Cypress Hammock Coach 2 $ $ $ 1, $ Silver/Shady/Whisper/Willow Creek DVilla $ $ $ 1, $ Sabal Cove/Coral Cove AVilla $ $ $ 1, $ Autumn Lake/Hidden Lakes Carriage H $ $ $ 1, $ Streamside/Sunset/Winding Stream Garden C $ $ $ 1, $ Copperleaf Whisteria Point Bldg 11 Carriage H $ $ $ 1, $ Lighthouse Bay PAID IN FULL $ $ $ $ 19

23 Brooks of Bonita Springs Community Development District Final Assessments 2001 Series A Bond Issue Lee County 14 years remaining Outstanding Principal Bond Debt Service O & M Total after Neighborhood Designation Assessment Assessment Assessment tax payment Foxtail Creek (lots 2651) DVilla $ 1, $ $1, $ 8, Jasmine Lake (lots 730) DVilla $ 1, $ $1, $ 8, Winding Stream (Bldgs 30, 31, 32) Garden C $ $ $1, $ 5, Lighthouse Bay PAID IN FULL $ $ $ $ Town Ctr Bldg #1 Comm $ 13, $ 11, $25, $ 110, Fitness Center PAID IN FULL $ $ 2, $2, $ Restaurant PAID IN FULL $ $ 2, $2, $ Community Bldg PAID IN FULL $ $ 1, $1, $ Balance of Town Ctr Comm $ 20, $ 17, $38, $ 164,

24 Brooks of Bonita Springs II Community Development District Final Assessments 2017 Series Bond Issue (REFINANCED Series 2006) Lee County 12 years remaining Outstanding Principal Original Bond Debt Service O & M Total after Neighborhood Assessment Designation Assessment Assessment Assessment tax payment Lake Forest $ 36, Estate SF $ 2, $ $2, $ 21, Oak Brook $ 36, Estate SF $ 2, $ $2, $ 21, The Reserve $ 36, Estate SF $ 2, $ $2, $ 21, Glen Lakes C (lots 1012) $ 30, Standard SFIV $ 1, $ $2, $ 17, Glen Lakes B (lots 79,1322) $ 24, Standard SFIII $ 1, $ $2, $ 14, Glen Lakes A (lots 16, 2335) $ 19, Standard SF $ 1, $ $1, $ 11, Willow Walk $ 19, Standard SF $ 1, $ $1, $ 11, Banyan Cove $ 19, Standard SF $ 1, $ $1, $ 11, Chartwell $ 19, Standard SF $ 1, $ $1, $ 11, Fairview $ 19, Standard SF $ 1, $ $1, $ 11, Northridge $ 16, Villa 55 $ $ $1, $ 9, Glenview $ 13, SF I $ $ $1, $ 8, Woodmont $ 13, SF I $ $ $1, $ 8, Kenwood $ 14, SF II $ $ $1, $ 8, Mahogany Cove $ 10, Patio $ $ $1, $ 6, Hawthorne $ 12, Patio II $ $ $1, $ 7, Longleaf $ 11, Patio I $ $ $1, $ 6, Indigo Isle $ 9, Coach $ $ $1, $ 5, Palmetto Ridge $ 9, Coach $ $ $1, $ 5, Oak Hammock $ 9, Coach $ $ $1, $ 5, Whispering Ridge $ 19, " SF $ 1, $ $1, $ 11, Copper Lakes $ 19, " SF $ 1, $ $1, $ 11, Stillwater Cay $ 18, " SF $ 1, $ $1, $ 10, Juniper Walk $ 18, " SF $ 1, $ $1, $ 10, Caraway Lakes $ 18, " SF $ 1, $ $1, $ 10, Sage Meadow $ 16, DVillas $ 1, $ $1, $ 9, Cinnamon Ridge $ 16, DVillas $ 1, $ $1, $ 9, Foxtail Creek (lots 125, 5268) $ 16, DVillas $ 1, $ $1, $ 9, Jasmine Lakes (lots 16) $ 16, DVillas $ 1, $ $1, $ 9, Wisteria Pointe $ 12, Carriage $ $ $1, $ 7, Sago Pointe $ 12, Carriage $ $ $1, $ 7,

25 Brooks of Bonita Springs II Community Development District Final Assessments Series 2003 Bond Issue Lee County 15 years remaining Outstanding Principal Original Bond Debt Service O & M Total after Neighborhood Assessment Designation Assessment Assessment Assessment tax payment Woodsedge (lots 15,1117,2426) $38, Estate SF A $ 2, $ $3, $ 26, Woodsedge (lots 7,10,18,19,20,21) $44, Estate SF B $ 3, $ $3, $ 30, Woodsedge (lots 6,8,9,22,23) $51, Estate SF C $ 3, $ $4, $ 35, Plumbago Pointe $14, SF 65 $ 1, $ $1, $ 9, Bay Crest $14, SF 65 $ 1, $ $1, $ 9,