Adopted Budget
Fiscal Year 2022

Turtle Run Community Development District

July 12, 2021

Turtle Run
Community Development District

TABLE OF CONTENTS

Adopted Budget

General Fund
Budget	Page 1-2
Budget Narrative	Page 3-8
Operating Reserve Schedule	Page 9
Capital Reserves Schedule	Page 10
Ongoing Capital Projects Schedule	Page 11
Emergency Reserve Schedule	Page 12
Debt Service Funds
Budget	Page 13
Amortization Schedules	Page 14-15
Capital Projects Funds
Budget	Page 16

Turtle Run		
Community Development District					General Fund	

Description	Adopted
Budget FY 2021	Actual
Thru 5/31/21	Projected Next
4 Months	Total
Projected 9/30/21	Adopted
Budget FY 2022	
Revenues						
Special Assessment - Levy	$1,271,477	$1,275,601	$0	$1,275,601	$1,272,662	
Interest Income	$1,000	$2,892	$333	$3,225	$1,000	
Insurance Proceeds	$0	$8,460	$0	$8,460	$0	
Miscellaneous Income	$0	$5,049	$0	$5,049	$0	
TOTAL REVENUES	$1,272,477	$1,292,002	$333	$1,292,335	$1,273,662	
Expenditures						
Administrative						
Supervisor Fees	$24,000	$13,600	$8,000	$21,600	$24,000	
FICA Expense	$1,836	$1,040	$612	$1,652	$1,836	
Arbitrage	$0	$1,800	$0	$1,800	$600	
Engineering	$10,000	$0	$3,333	$3,333	$10,000	
Attorney	$60,000	$27,125	$25,000	$52,125	$50,000	
Annual Audit	$4,100	$0	$4,100	$4,100	$4,200	
Trustee Fees	$7,000	$7,000	$0	$7,000	$7,000	
Management Fees	$61,188	$40,792	$20,396	$61,188	$63,024	
Computer Time	$1,000	$667	$333	$1,000	$1,000	
Telephone	$200	$0	$67	$67	$200	
Travel & Per Diem	$4,000	$0	$1,333	$1,333	$4,000	
Postage	$750	$268	$250	$518	$750	
Printing & Binding	$1,200	$1,187	$400	$1,587	$2,400	
Rentals & Leases	$4,800	$3,740	$1,600	$5,340	$4,800	
Insurance	$9,622	$9,184	$0	$9,184	$10,102	
Legal Advertising	$850	$2,068	$283	$2,351	$2,000	
Other Current Charges	$1,200	$988	$400	$1,388	$1,200	
Office Supplies	$250	$63	$83	$146	$250	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Website Compliance	$1,000	$667	$333	$1,000	$1,000	
TOTAL ADMINISTRATIVE	$193,171	$110,364	$66,525	$176,889	$188,537	
Field:						
Salaries and Wages	$73,190	$47,857	$25,333	$73,190	$73,190	
Special Pay	$500	$500	$0	$500	$500	
FICA Expense	$5,637	$3,699	$1,938	$5,637	$5,637	
Pension Expense	$4,421	$2,196	$2,195	$4,391	$4,421	
Health Insurance	$10,000	$6,667	$3,333	$10,000	$10,000	
Worker's Compensation Insurance	$1,500	$986	$0	$986	$1,500	
Security	$3,096	$0	$0	$0	$0	
Video Monitoring	$2,500	$1,485	$833	$2,318	$2,500	
Travel & Per Diem	$250	$0	$83	$83	$250	
Telephone Expense	$450	$300	$150	$450	$450	
Internet/Data	$2,880	$2,211	$1,106	$3,317	$3,000	
Rentals & Leases	$3,600	$2,400	$1,200	$3,600	$3,600	
Insurance	$1,000	$667	$333	$1,000	$1,000	

Turtle Run		
Community Development District					General Fund	

Description	Adopted
Budget FY 2021	Actual
Thru 5/31/21	Projected Next
4 Months	Total
Projected 9/30/21	Adopted
Budget FY 2022	
Electric	$90,000	$47,267	$30,000	$77,267	$90,000	
Water	$7,500	$1,875	$2,500	$4,375	$7,500	
Insurance	$0	$14,614	$0	$14,614	$16,099	
Contract Services:						
Weed Control	$27,538	$18,428	$9,455	$27,883	$28,364	
Culvert Inspection	$15,000	$0	$15,000	$15,000	$15,000	
Holiday Lighting	$75,080	$29,212	$0	$29,212	$75,080	
Iguana Removal	$0	$1,875	$4,050	$5,925	$7,500	
Repairs & Maintenance:						
Landscape Maintenance	$277,471	$195,104	$98,420	$293,524	$302,330	
Pest Control/Fertilization	$48,300	$32,200	$16,100	$48,300	$48,300	
Landscape Replacement	$125,000	$64,075	$60,925	$125,000	$125,000	
Annual Tree Trimming	$31,000	$0	$31,000	$31,000	$31,000	
Fountain Maintenance	$2,000	$1,200	$600	$1,800	$7,500	
Fountain Repairs	$10,500	$13,551	$3,500	$17,051	$15,000	
Pool Maintenance	$3,000	$3,600	$2,772	$6,372	$0	
Irrigation Repairs/Maintenance	$17,500	$6,435	$3,218	$9,653	$17,500	
Vehicle Maintenance	$1,000	$667	$333	$1,000	$1,000	
Pressure Cleaning	$28,500	$29,755	$0	$29,755	$35,025	
Trash Pick-Up	$1,404	$0	$0	$0	$0	
Contingencies	$18,000	$11,460	$6,000	$17,460	$16,877	
Lighting/Electrical Repairs	$5,000	$8,160	$1,667	$9,827	$20,000	
RPM Replacements	$0	$0	$0	$0	$3,000	
Rust Preventative TR Park	$0	$0	$0	$0	$4,000	
Operating Supplies:						
Gas/Oil	$5,000	$2,107	$1,667	$3,774	$5,000	
Holiday Decorations	$5,000	$5,000	$0	$5,000	$5,000	
Flags	$2,352	$2,372	$0	$2,372	$3,000	
Capital Improvements	$0	$17,495	$0	$17,495	$0	
Capital Projects Transfer Out	$74,135	$116,241	$0	$116,241	$100,000	
Reserves for Emergency Funds	$100,000	$100,000	$0	$100,000	$0	
TOTAL FIELD MAINTENANCE	$1,079,305	$791,661	$323,712	$1,115,373	$1,085,125	
						
TOTAL EXPENDITURES	$1,272,476	$902,025	$390,237	$1,292,262	$1,273,662	
						
 EXCESS REVENUES		$0	$389,977	($389,903)	$74	($0)	

	FY 2018	FY 2019	FY 2020	FY 2021	FY 2022	
Net Assessment	$1,740,582	$1,271,477	$1,271,477	$1,271,477	$1,272,662	
Discounts & Collections 6%	$113,018	$83,075	$83,075	$83,075	$83,151	
Gross Assessment	$1,853,600	$1,354,552	$1,354,552	$1,354,552	$1,355,812	
Assessable Acres	311.51	311.51	311.51	311.51	311.80	
Assessment Per Acre	$5,950.37	$4,348.34	$4,348.34	$4,348.34	$4,348.34	

Unit Type
2017-1	Acres	Debt Service
Assessment (1)	General Fund
Assessment	Total Gross
Assessment Per Acre	
Residential-Single Family	108.74	$1,456.70	$4,348.34	$5,805.04	
Condo-Cypress Pointe	26.72	$1,456.70	$4,348.34	$5,805.04	
2017-2					
Apartment-The Grove	32.41	$1,602.03	$4,348.34	$5,950.37	
Apartment-Park Place	17.49	$1,602.03	$4,348.34	$5,950.37	
Apartments-The Park	13.92	$1,602.03	$4,348.34	$5,950.37	
Commercial	 	112.52		$1,552.53	$4,348.34	$5,900.87	
	311.8				

(1) Refer to page 10 for detailed calculation.

TURTLE RUN
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2022

REVENUES:

Special Assessments
The District will levy a non ad-valorem special assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year.

EXPENDITURES:

Administrative:

Supervisor Fees
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon all five supervisors attending the estimated 24 semi-monthly meetings.

FICA Expense
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District's Series 2017-1 and 2017-2 Special Assessment Bonds. Currently the District has contracted Grau & Associates, an independent certified public accounting firm, to calculate the rebate liability and submit a report to the District.

Engineering Fees
The District's engineer will be providing general engineering services to the District including attendance and preparation for board meetings, etc.

Attorney
The District's legal counsel will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida. These services are further outlined in Exhibit "A" of the Management Agreement.

Computer Time
The District processes all of its financial activities, i.e., accounts payable, financial statements, etc. on a mainframe computer leased by Governmental Management Services-South Florida.

TURTLE RUN
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2022

Telephone
Telephone and fax machine.

Postage
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.

Rental & Leases
The District will be charged $400 per month for office rent from Governmental Management Services- South Florida, LLC.

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with an insurance company that specializes in providing insurance coverage to governmental agencies.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges
Bank charges and any other miscellaneous expenses that are incurred during the year.

Office Supplies
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.

Website Compliance
Per Section 189.069 F.S., all Districts must have a website by October 1, 2015 to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated as required by the Statute.

Field Maintenance:

Salaries and Wages
The amount projected for this Fiscal Year includes a 0% increase from FY 2019. The total amount of wages for this Fiscal Year is $73,190.

Special Pay
Special pay is a holiday bonus based on the number of years of service. This year’s expense is $500.

TURTLE RUN
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2022

FICA Expense
FICA tax is established by the law and currently is 7.65% of gross wages. Based on this year’s projected Salaries and Wages, the amount projected for this Fiscal Year is $5,637.

Pension Expense
The pension plan was established whereby the employer contributes 6% of each employee’s salary into a defined pension plan. Based on the budgeted Salaries and Wages for Fiscal Year 2022, the amount projected for this Fiscal Year is $4,421.

Health Insurance Benefits
The District offers the employees’ Health, Life, Dental and Disability Insurance. The maximum benefit per employee will be 31% of Gross Salaries and Wages. Based on the amount budgeted for Salaries and Wages, the amount is not to exceed $10,000 annually.

Worker’s Compensation Insurance
The District’s Worker’s Compensation Insurance Policy is with Bridgefield Employers Insurance Company. Based on last year’s amount, the projected amount for this Fiscal Year is $1,500.

Travel and Per Diem
Supervisor’s reimbursement for mileage, tolls, attendance of special meetings, etc. The projected amount for this Fiscal Year is $250.

Telephone
The District’s cost for this category includes monthly Cell Phone usage. Based on prior years activity, the amount budgeted is $450.

Rentals and Leases
The District will reimburse Governmental Management Services-South Florida for the Truck Lease at a monthly cost of $300, or $3,600 annually.

Insurance
The District reimburses GMS-SF, LLC for their proportionate share of auto insurance on the vehicle supplied to the Field Manager. Based on prior year’s premium, the budgeted amount for this Fiscal Year is $1,000.

TURTLE RUN
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2022

Electric
The District currently has the following utility accounts:

Account Number	Meter #	Description	Amount	
95557-01334	6JJ2800	3953 Turtle Run Blvd. - Fountain	$	24,000.00	
13895-60937	AC38867	6400 Wiles Road	$	200.00	
13945-67968	AC38334	6200 Wiles Road	$	200.00	
41154-57279	AC37807	6601 W. Sample Road - Entrance Lights	$	300.00	
41224-58252	5J05215	6403 W. Sample Road - 1 Pump	$	200.00	
41745-56268	5J36977	3954 Turtle Creek Drive - 2 Pump	$	9,000.00	
41755-54296	6J23876	3953 Turtle Run Blvd. - 3 Pump (Fountain)	$	10,000.00	
69824-26402	6N51835	6300 Turtle Run Blvd. - Aux	$	13,000.00	
81978-96452	AE02784	6201 W. Sample Road - Lights	$	200.00	
01016-33543	ACD2738	4522 NW 67th Avenue - Pump	$	200.00	
59623-05529	AC01732	6644 NW 41st ST- Light 3	$	200.00	
03810-93525	AC02037	6716 NW 43rd PL- Light 2	$	150.00	
93833-13526	AC01118	6515 NW 43rd CT- Light1	$	150.00	
78810-39213	6N92075	6250 Turtle Run Blvd. Fountain	$	9,500.00	
71974-03392	KJ71195	3601 Turtle Run Blvd #FTN & LTG	$	3,500.00	
82186-97178	65LL2440	4372 N State Road 7 - Target Fountain	   $	19,200.00 	
TOTAL			$	90,000.00	

Water
The City of Coral Springs provides water service for the roundabout fountain, front entrance fountain and irrigation for landscaping on Wiles Road by the privacy wall.

Insurance
The District's property insurance is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Contractual Services
The District has the following contracts:

Weed Control	Solitude Lake Management	$28,364.00	
Culvert Inspection	Industrial Divers	$15,000.00	
Holiday Lighting	Christmas Designers	$75,080.00	
Iguana Removal	Redline Iguana Removal	$7,500.00	
Total		$125,944.00	

Iguana Removal
The District has a contract with Redline Iguana Removal for bi-weekly removal of iguanas snaring, trapping and shooting.

TURTLE RUN
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2022

Repairs and Maintenance
The following expenses are expected for Fiscal Year 2022:

Landscape Maintenance	$302,330.00	
Pest Control/Fertilization-Lawn	$48,300.00	
Landscape Replacement	$125,000.00	
Annual Tree Trimming	$31,000.00	
Fountain Maintenance	$7,500.00	
Fountain Repairs	$15,000.00	
Irrigation Repairs and Maintenance	$17,500.00	
Vehicle Maintenance	$1,000.00	
Pressure Cleaning	$35,025.00	
Contingencies	$16,877.00	
Lighting/Electrical Repairs	$20,000.00	
RPM Replacements	$3,000.00	
Rust Preventative TR Park	$4,000.00	
Total	$626,532.00	

Fountain Maintenance
Monthly cleaning for the roundabout fountain and front entrance water features.

Fountain Repairs
Semi annual cleaning of floating fountains, repairs to lights, floats, motor and equipment, and repairs to front entrance fountain equipment.

Irrigation Repairs and Maintenance
Represents annual contract with Hoover Pumping System and repairs needed not covered by contracts.

Lighting/Electrical Repairs
Repair and maintenance for entrance feature lighting, wall lights and streetlighting.

RPM Replacements
Replacement of solar RPM in the roundabout.

Rust Prevention TR Park
Chemicals needed for tank attached to irrigation pump in Turtle Run Park and pressure cleaning touch- up.

Contingencies
Any unscheduled repairs and maintenance that the District should incur during the fiscal year.

TURTLE RUN
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2022

Operating Supplies
Purchase of supplies for the District’s Field Department is as follows:

Gas/Oil/Misc	$5,000.00	
Holiday Decorations	$5,000.00	
Flags	 	$3,000.00  	
Total	$13,000.00	

Capital Projects
Capital Projects needed throughout the Fiscal Year.

Reserves for Emergency Funds
The Reserves were set up to provide for emergency funds to put aside funds for future capital expenditures.

TURTLE RUN
COMMUNITY DEVELOPMENT DISTRICT

OPERATING SCHEDULE RESERVES

Description		Amount	

Beginning Balance - Carry Forward Surplus (As of 10/1/2020)		
$2,120,066	
Estimated Excess Revenues over Expenditures (FY 21)		$74	
Less:
Funding for First Quarter Operating Expenses	
($293,415)		
Reserved for Emergency Fund thru 9/30/21	($1,563,044) $	(1,856,460) 

Total Undesignated Cash as of 09/30/2021	$263,680

TURTLE RUN
COMMUNITY DEVELOPMENT DISTRICT

CAPITAL RESERVES

Description	Amount

Beginning Balance - (As of 6/28/2021)	$151,005

Expected Cost to Complete Ongoing Capital Projects	($381,967)	
Contingencies through 9/30/21	($52,000)	
Transfer from General Fund 10/1/21	$100,000	
Transfer from Emergency Reserve 10/1/21	$1,063,044   $	729,077  	

Total Capital Reserves as of 10/1/21	$880,082

TURTLE RUN
COMMUNITY DEVELOPMENT DISTRICT

ONGOING CAPITAL PROJECTS

Vendor	Description	Amount	
Stanford Construction	Turtle Run Blvd & Sample Rd Brick Pavers Replacement	$15,401	
Stanford Construction	Creekside Dr. ROW Improvements	$46,226	
Florida Blacktop	Terrapin Ln. Right-of-Way Improvements	$29,167	
Lightworks	Street Signs	$208,970	
Lightworks	Street Signs	$6,280	
Horsepower Electric	Street Signs Installation	$51,150	
Horsepower Electric	Street Signs Installation	$8,250	
KCI Technologies	Engineering Services through May 2021	$11,523	
KCI Technologies	Front Entrance As-Builts	 	$5,000  	
		 	$381,967  	

TURTLE RUN
COMMUNITY DEVELOPMENT DISTRICT

SCHEDULE OF FISCAL YEAR 2022 EMERGENCY FUND RESERVES
SBA ACCOUNT # 281450

EMERGENCY FUND RESERVE	RESERVES
THRU 9/30/21	TRANSFER TO
CAPITAL RESERVE	BALANCE
9/30/22	

EMERGENCY FUND	
$1,563,044	
$1,063,044	
$500,000	
TOTALS	$1,563,044	$1,063,044	$500,000	

Turtle Run	Debt Service Fund
Community Development District	Series 2017 Special Assessment Revenue Bonds

	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Adopted
Budget	
 Description			 	FY 2021			 	5/31/21			 	4 Months			 	9/30/21			 	FY 2022		
Revenues											
Special Assessments		$445,360		$446,214		$0		$446,214		$445,623	
Interest Income		$0		$38		$19		$57		$0	
Carry Forward Surplus		$238,440		$250,643		$0		$250,643		$254,599	
     TOTAL REVENUES			 	$683,800  		 	$696,895  		 	$19  		 	$696,914  		 	$700,222  	

Expenditures											
Series 2017-1											
Interest - 11/01		$51,083		$51,083		$0		$51,083		$50,283	
Interest - 05/01		$51,083		$51,083		$0		$51,083		$50,283	
Principal - 05/01		$80,000		$80,000		$0		$80,000		$85,000	

Series 2017-2											
Interest - 11/01		$92,575		$92,575		$0		$92,575		$91,075	
Interest - 05/01		$92,575		$92,575		$0		$92,575		$91,075	
Principal - 05/01		$75,000		$75,000		$0		$75,000		$75,000	
     TOTAL EXPENDITURES			 	$442,315  		 	$442,315  		 	$0  		 	$442,315  		 	$442,715  	
EXCESS REVENUES (EXPENDITURES)		$241,485		$254,580		$19		$254,599		$257,507	

11/22 Interest	$	49,432.50	
11/22 Interest	  $	89,575.00  	
Total	 	$139,008  	

	Gross Assessment		
Unit Type	Acres	Per Unit Amount	Total	
2017-1				
Residential-Single Family	108.61	$1,456.70	$158,212.19	
Condo-Cypress Pointe	26.72	$1,456.70	$38,923.02	
2017-2				
Apartment-The Grove	32.41	$1,602.03	$51,921.79	
Apartment-Park Place	17.49	$1,602.03	$28,019.50	
Apartments-The Park	13.92	$1,602.03	$22,300.26	
Commercial	 	112.52		$1,552.53	 	$174,690.68 	
	311.67		$474,067.44	
Less Discount/Collection Fees	 	($28,444.05)
Total Net Assessment	$445,623.39	

Turtle Run
Community Development District
Series 2017-1 Special Assessment Bonds

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

05/01/21	$	3,275,000.00	$	
11/01/21	$	3,195,000.00	$	
05/01/22	$	3,195,000.00	$	
11/01/22	$	3,110,000.00	$	
05/01/23	$	3,110,000.00	$	
11/01/23	$	3,025,000.00	$	
05/01/24	$	3,025,000.00	$	
11/01/24	$	2,940,000.00	$	
05/01/25	$	2,940,000.00	$	
11/01/25	$	2,850,000.00	$	
05/01/26	$	2,850,000.00	$	
11/01/26	$	2,760,000.00	$	
05/01/27	$	2,760,000.00	$	
11/01/27	$	2,665,000.00	$	
05/01/28	$	2,665,000.00	$	
11/01/28	$	2,570,000.00	$	
05/01/29	$	2,570,000.00	$	1	
11/01/29	$	2,470,000.00	$	
05/01/30	$	2,470,000.00	$	1	
11/01/30	$	2,365,000.00	$	
05/01/31	$	2,365,000.00	$	1	
11/01/31	$	2,260,000.00	$	
05/01/32	$	2,260,000.00	$	1	
11/01/32	$	2,150,000.00	$	
05/01/33	$	2,150,000.00	$	1	
11/01/33	$	2,035,000.00	$	
05/01/34	$	2,035,000.00	$	1	
11/01/34	$	1,920,000.00	$	
05/01/35	$	1,920,000.00	$	1	
11/01/35	$	1,800,000.00	$	
05/01/36	$	1,800,000.00	$	1	
11/01/36	$	1,675,000.00	$	
05/01/37	$	1,675,000.00	$	1	
11/01/37	$	1,545,000.00	$	
05/01/38	$	1,545,000.00	$	1	
11/01/38	$	1,410,000.00	$	
05/01/39	$	1,410,000.00	$	1	
11/01/39	$	1,275,000.00	$	
05/01/40	$	1,275,000.00	$	1	
11/01/40	$	1,135,000.00	$	
05/01/41	$	1,135,000.00	$	1	
11/01/41	$	990,000.00	$	
05/01/42	$	990,000.00	$	1	
11/01/42	$	840,000.00	$	
05/01/43	$	840,000.00	$	1	
11/01/43	$	685,000.00	$	
05/01/44	$	685,000.00	$	1	
11/01/44	$	525,000.00	$	
05/01/45	$	525,000.00	$	1	
11/01/45	$	355,000.00	$	
05/01/46	$	355,000.00	$	1	
11/01/46	$	180,000.00	$	
05/01/47	$	180,000.00	$	1	
			$	3,2	

$	51,082.50	$	-	
$	50,282.50	$	181,365.00	
$	50,282.50	$	-	
$	49,432.50	$	184,715.00	
$	49,432.50	$	-	
$	48,529.38	$	182,961.88	
$	48,529.38	$	-	
$	47,573.13	$	181,102.50	
$	47,573.13	$	-	
$	46,448.13	$	184,021.25	
$	46,448.13	$	-	
$	45,278.13	$	181,726.25	
$	45,278.13	$	-	
$	43,971.88	$	184,250.00	
$	43,971.88	$	-	
$	42,606.25	$	181,578.13	
$	42,606.25	$	-	
$	41,056.25	$	183,662.50	
$	41,056.25	$	-	
$	39,428.75	$	185,485.00	
$	39,428.75	$	-	
$	37,801.25	$	182,230.00	
$	37,801.25	$	-	
$	36,096.25	$	183,897.50	
$	36,096.25	$	-	
$	34,227.50	$	185,323.75	
$	34,227.50	$	-	
$	32,358.75	$	181,586.25	
$	32,358.75	$	-	
$	30,408.75	$	182,767.50	
$	30,408.75	$	-	
$	28,377.50	$	183,786.25	
$	28,377.50	$	-	
$	26,265.00	$	184,642.50	
$	26,265.00	$	-	
$	23,970.00	$	185,235.00	
$	23,970.00	$	-	
$	21,675.00	$	180,645.00	
$	21,675.00	$	-	
$	19,295.00	$	180,970.00	
$	19,295.00	$	-	
$	16,830.00	$	181,125.00	
$	16,830.00	$	-	
$	14,280.00	$	181,110.00	
$	14,280.00	$	-	
$	11,645.00	$	180,925.00	
$	11,645.00	$	-	
$	8,925.00	$	180,570.00	
$	8,925.00	$	-	
$	6,035.00	$	184,960.00	
$	6,035.00	$	-	
$	3,060.00	$	184,095.00	
$	3,060.00

$	1,662,796.25	$	183,060.00

$	4,937,796.25	

80,000.00

- 85,000.00
- 85,000.00
- 85,000.00
- 90,000.00
- 90,000.00
- 95,000.00
- 95,000.00
- 00,000.00
- 05,000.00
- 05,000.00
- 10,000.00
- 15,000.00
- 15,000.00
- 20,000.00
- 25,000.00
- 30,000.00
- 35,000.00
- 35,000.00
- 40,000.00
- 45,000.00
- 50,000.00
- 55,000.00
- 60,000.00
- 70,000.00
- 75,000.00
- 80,000.00

75,000.00

Turtle Run
Community Development District
Series 2017-2 Special Assessment Bonds

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

05/01/21	$	3,840,000.00	$	
11/01/21	$	3,765,000.00	$	
05/01/22	$	3,765,000.00	$	
11/01/22	$	3,690,000.00	$	
05/01/23	$	3,690,000.00	$	
11/01/23	$	3,610,000.00	$	
05/01/24	$	3,610,000.00	$	
11/01/24	$	3,525,000.00	$	
05/01/25	$	3,525,000.00	$	
11/01/25	$	3,440,000.00	$	
05/01/26	$	3,440,000.00	$	
11/01/26	$	3,350,000.00	$	
05/01/27	$	3,350,000.00	$	
11/01/27	$	3,255,000.00	$	
05/01/28	$	3,255,000.00	$	1	
11/01/28	$	3,155,000.00	$	
05/01/29	$	3,155,000.00	$	1	
11/01/29	$	3,055,000.00	$	
05/01/30	$	3,055,000.00	$	1	
11/01/30	$	2,950,000.00	$	
05/01/31	$	2,950,000.00	$	1	
11/01/31	$	2,835,000.00	$	
05/01/32	$	2,835,000.00	$	1	
11/01/32	$	2,715,000.00	$	
05/01/33	$	2,715,000.00	$	1	
11/01/33	$	2,590,000.00	$	
05/01/34	$	2,590,000.00	$	1	
11/01/34	$	2,460,000.00	$	
05/01/35	$	2,460,000.00	$	1	
11/01/35	$	2,320,000.00	$	
05/01/36	$	2,320,000.00	$	1	
11/01/36	$	2,175,000.00	$	
05/01/37	$	2,175,000.00	$	1	
11/01/37	$	2,020,000.00	$	
05/01/38	$	2,020,000.00	$	1	
11/01/38	$	1,860,000.00	$	
05/01/39	$	1,860,000.00	$	1	
11/01/39	$	1,690,000.00	$	
05/01/40	$	1,690,000.00	$	1	
11/01/40	$	1,515,000.00	$	
05/01/41	$	1,515,000.00	$	1	
11/01/41	$	1,330,000.00	$	
05/01/42	$	1,330,000.00	$	1	
11/01/42	$	1,135,000.00	$	
05/01/43	$	1,135,000.00	$	2	
11/01/43	$	930,000.00	$	
05/01/44	$	930,000.00	$	2	
11/01/44	$	715,000.00	$	
05/01/45	$	715,000.00	$	2	
11/01/45	$	490,000.00	$	
05/01/46	$	490,000.00	$	2	
11/01/46	$	250,000.00	$	
05/01/47	$	250,000.00	$	2	
			$	3,8	

$	92,575.00	$	-	
$	91,075.00	$	258,650.00	
$	91,075.00	$	-	
$	89,575.00	$	255,650.00	
$	89,575.00	$	-	
$	87,975.00	$	257,550.00	
$	87,975.00	$	-	
$	86,275.00	$	259,250.00	
$	86,275.00	$	-	
$	84,575.00	$	255,850.00	
$	84,575.00	$	-	
$	82,775.00	$	257,350.00	
$	82,775.00	$	-	
$	80,875.00	$	258,650.00	
$	80,875.00	$	-	
$	78,875.00	$	259,750.00	
$	78,875.00	$	-	
$	76,375.00	$	255,250.00	
$	76,375.00	$	-	
$	73,750.00	$	255,125.00	
$	73,750.00	$	-	
$	70,875.00	$	259,625.00	
$	70,875.00	$	-	
$	67,875.00	$	258,750.00	
$	67,875.00	$	-	
$	64,750.00	$	257,625.00	
$	64,750.00	$	-	
$	61,500.00	$	256,250.00	
$	61,500.00	$	-	
$	58,000.00	$	259,500.00	
$	58,000.00	$	-	
$	54,375.00	$	257,375.00	
$	54,375.00	$	-	
$	50,500.00	$	259,875.00	
$	50,500.00	$	-	
$	46,500.00	$	257,000.00	
$	46,500.00	$	-	
$	42,250.00	$	258,750.00	
$	42,250.00	$	-	
$	37,875.00	$	255,125.00	
$	37,875.00	$	-	
$	33,250.00	$	256,125.00	
$	33,250.00	$	-	
$	28,375.00	$	256,625.00	
$	28,375.00	$	-	
$	23,250.00	$	256,625.00	
$	23,250.00	$	-	
$	17,875.00	$	256,125.00	
$	17,875.00	$	-	
$	12,250.00	$	255,125.00	
$	12,250.00	$	-	
$	6,250.00	$	258,500.00	
$	6,250.00	$	256,250.00	
$	3,108,325.00	$	6,948,325.00	

75,000.00

- 75,000.00
- 80,000.00
- 85,000.00
- 85,000.00
- 90,000.00
- 95,000.00
- 00,000.00
- 00,000.00
- 05,000.00
- 15,000.00
- 20,000.00
- 25,000.00
- 30,000.00
- 40,000.00
- 45,000.00
- 55,000.00
- 60,000.00
- 70,000.00
- 75,000.00
- 85,000.00
- 95,000.00
- 05,000.00
- 15,000.00
- 25,000.00
- 40,000.00
- 50,000.00

40,000.00

Turtle Run	Capital Projects Funds
Community Development District

	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Adopted
Budget	
 Description			 	FY 2021			 	5/31/21			 	4 Months			 	9/30/21			 	FY 2022		
Revenues											
Interest Income		$500		$534		$167		$701		$500	
Carry Forward Surplus		$623,139		$610,326		$0		$610,326		$167	
     TOTAL REVENUES			 	$623,639  		 	$610,860  		 	$167  		 	$611,027  		 	$667  	
Expenditures											
Capital Outlay - Repairs and Replacements		$0		$511,928		$173,067		$684,995		$0	
     TOTAL EXPENDITURES			 	$0  		 	$511,928  		 	$173,067  		 	$684,995  		 	$0  	
Other Financing Sources/(Uses)											
Capital Projects Transfer In		$74,135		$74,135		$0		$74,135		$100,000	
     TOTAL OTHER FINANCING SOURCES/(USES)			 	$74,135  		 	$74,135  		 	$0  		 	$74,135  		 	$100,000  	
EXCESS REVENUES		$697,774		$173,067		($172,900)		$167		$100,667