Bridgewater of Wesley Chapel Community Development District Bwcdd.org Proposed Budget for Fiscal Year 2018/2019 Presented by: Rizzetta & Company, Inc. 5844 Old Pasco Road Suite 100 Wesley Chapel, Florida 33544 Phone: 813-994-1001 rizzetta.com
Proposed Budget Bridgewater Of Wesley Chapel Community General Fund Fiscal Year 2018/2019 Chart of Accounts Classification Budget for 2018/2019 1 2 REVENUES 12 Interest Earnings 13 Interest Earnings $ 773,012 14 Special Assessments 15 Tax Roll* $ - 31 32 TOTAL REVENUES $ 773,012 33 34 Balance Forward from Prior Year $ - 35 36 TOTAL REVENUES AND BALANCE FORWARD $ 773,012 37 38 *Allocation of assessments between the Tax Roll and Off Roll 39 40 EXPENDITURES - ADMINISTRATIVE 41 42 Legislative 43 Supervisor Fees $ 12,000 44 Financial & Administrative 45 Administrative Services $ 5,400 46 District Management $ 25,700 47 District Engineer $ 10,000 48 Disclosure Report $ 1,000 49 Trustees Fees $ 4,000 50 Assessment Roll $ 5,000 51 Financial & Revenue Collections $ 5,000 52 Accounting Services $ 15,000 53 Auditing Services $ 5,000 54 Arbitrage Rebate Calculation $ 650 55 Rentals & Leases $ 600 59 Public Officials Liability Insurance $ 3,000 60 Legal Advertising $ 1,000 62 Dues, Licenses & Fees $ 225 64 Tax Collector /Property Appraiser Fees $ 150 66 Website Hosting, Maintenance, Backup (and $ 1,200 67 Email) Legal Counsel 68 District Counsel $ 12,000 73 74 Administrative Subtotal $ 106,925 75 76 EXPENDITURES - FIELD OPERATIONS 77 78 Law Enforcement 79 Deputy $ 27,500 90 Electric Utility Services 91 Utility Services $ 40,500 92 Street Lights $ 31,352 111 Stormwater Control 112 Midge Fly Treatment $ 90,000 113 Aquatic Maintenance $ 27,600 114 Fountain Service Repairs & Maintenance $ 1,500 115 Lake/Pond Bank Maintenance $ 40,000 118 Aquatic Plant Replacement $ 16,000 119 Stormwater System Maintenance $ 2,000 120 Pond Aeration Project $ - 125 Other Physical Environment 130 Property/Casualty/General Liability Insurance $ 3,800 134 Entry & Walls Maintenance $ 2,500 135 Landscape Maintenance $ 102,000 140 Tree Trimming Services $ 2,500 143 Irrigation Repair & Maintenance $ 5,000 145 Landscape - Mulch $ 25,000 147 Landscape Replacement Plants, Shrubs, Trees $ 25,000 148 Annuals - 4 Rotations $ 4,800 150 Field Services $ 7,200 152 Fire Ant Treatment $ 4,000 153 Road & Street Facilities 158 Sidewalk Repair & Maintenance $ 10,000 159 Street Light/Decorative Light Maintenance $ 1,500
Proposed Budget Bridgewater Of Wesley Chapel Community General Fund Fiscal Year 2018/2019 Chart of Accounts Classification Budget for 2018/2019 160 Street Sign Repair & Replacement $ 1,500 161 Roadway Repair & Maintenance $ 5,000 162 Parks & Recreation 167 Management Contract $ 6,285 218 Contingency 220 Miscellaneous Contingency $ 183,550 223 224 Field Operations Subtotal $ 666,087 225 226 Contingency for County TRIM Notice 227 228 TOTAL EXPENDITURES $ 773,012 229 230 EXCESS OF REVENUES OVER EXPENDITURES $ - 231
Proposed Budget Bridgewater Of Wesley Chapel Community Reserve Fund Fiscal Year 2018/2019 Chart of Accounts Classification Budget for 2018/2019 1 2 REVENUES 5 Interest Earnings $ - 4 Special Assessments 5 Tax Roll* $ 55,000 12 13 TOTAL REVENUES $ 55,000 14 15 Balance Forward from Prior Year $ - 16 17 TOTAL REVENUES AND BALANCE FORWARD $ 55,000 18 19 *Allocation of assessments between the Tax Roll and Off Roll 20 21 EXPENDITURES 22 23 Contingency 24 Capital Reserves $ 55,000 25 Capital Outlay $ - 26 27 TOTAL EXPENDITURES $ 55,000 28 29 EXCESS OF REVENUES OVER EXPENDITURES $ - 30
Budget Template Bridgewater of Wesley Chapel Community Development District Debt Service Fiscal Year 2018-2019 Chart of Accounts Classification Series 2014 Budget for 2018-2019 REVENUES Special Assessments Net Special Assessments $354,314.82 $354,314.82 TOTAL REVENUES $354,314.82 $354,314.82 EXPENDITURES Administrative Financial & Administrative Bank Fees $0.00 Debt Service Obligation $354,314.82 $354,314.82 Administrative Subtotal $354,314.82 $354,314.82 TOTAL EXPENDITURES $354,314.82 $354,314.82 EXCESS OF REVENUES OVER EXPENDITURE $0.00 $0.00 Pasco County Collection Costs (2%) and Early Payment Discounts (4%): 6.0% Gross assessments $376,930.66 Notes: Tax Roll Collection Costs for Pasco County are 6.0% of Tax Roll. Budgeted net of tax roll assessments. See Assessment Table.
BRIDGEWATER OF WESLEY CHAPEL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019 O&M AND DEBT SERVICE ASSESSMENT SCHEDULE 2018/2019 O&M Budget $828,012.00 Pasco County 6% Collection Cost: 6% $52,851.83 2018/2019 Total: $880,863.83 2017/2018 O&M Budget $828,012.00 2018/2019 O&M Budget $828,012.00 Total Difference: $0.00 PER UNIT ANNUAL ASSESSMENT Proposed Increase / Decrease 2017/2018 2018/2019 $ % Debt Service - SINGLE FAMILY $497.27 $497.27 $0.00 0.00% Operations/Maintenance - SINGLE FAMILY $1,159.03 $1,159.03 $0.00 0.00% Total $1,656.30 $1,656.30 $0.00 0.00%
BRIDGEWATER OF WESLEY CHAPEL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019 O&M AND DEBT SERVICE ASSESSMENT SCHEDULE TOTAL O&M BUDGET $828,012.00 COLLECTION COSTS @ 6.0% $52,851.83 TOTAL O&M ASSESSMENT $880,863.83 UNITS ASSESSED TOTAL SERIES 2014 ALLOCATION OF O&M ASSESSMENT SERIES 2014 DEBT TOTAL % TOTAL TOTAL DEBT SERVICE DEBT LU LOT SIZE O&M SERVICE (1) (2) EAU FACTOR EAU's EAU's O&M BUDGET ASSESSMENT O&M SERVICE (3) TOTAL (4) 0 SF SINGLE FAMILY 760 758 1.00 760.00 100.00% $880,863.83 $376,930.66 $1,159.03 $497.27 $1,656.30 760 758 760.00 1.00 $880,863.83 $376,930.66 LESS: Pasco County Collection Costs (2%) and Early Payment Discounts (4%): ($52,851.83) ($22,615.84) Net Revenue to be Collected $828,012.00 $354,314.82 PER LOT ANNUAL ASSESSMENT (1) Reflects 2 (two) Series 2014 prepayments. (2) Reflects the number of total lots with Series 2014 debt outstanding. (3) Annual debt service assessment per lot adopted in connection with the Series 2014 bond issue. Annual assessment includes principal, interest, Pasco County collection costs and early payment discounts. (4) Annual assessment that will appear on November 2018 Pasco County property tax bill. Amount shown includes all applicable county collection costs and early payment discounts (up to 4% if paid early).