COMMUNITY DEVELOPMENT DISTRICT	
COMBINED  BALANCE SHEET

	 	Major Funds	
Debt	Capital
General	Service	Projects	Total Governmental
Funds	

ASSETS:					
Cash	$67,388		$47,534	$114,922	
Due from Other Funds	$21,182	$22		$21,204	
State Board - Operating Reserves	$1,068,844			$1,068,844	
State Board - Renewal & Replacement			$437,873	$437,873	
State Board - Emergency Reserves	$1,146,330			$1,146,330	
SERIES 2017					
Reserve 2017-1		$95,850		$95,850	
Reserve 2017-2		$134,291		$134,291	
Revenue 2017-1		$93,554		$93,554	
Revenue 2017-2		$132,833		$132,833	
Interest 2017-1		$4		$4	
Interest 2017-2		$6		$6	
Principal 2017-1		$5		$5	
Sinking 2017-2		$5		$5	
Construction 2017-1			$1,410,700	$1,410,700	
Construction 2017-2			$1,797,513	$1,797,513	
Deposits	$100			$100	
Prepaid Expenses	$500			$500	
TOTAL ASSETS	$2,304,344	$456,570	$3,693,620	$6,454,534	

LIABILITIES:					
Accounts Payable	$26,363			$26,363	
Due to Other Funds	$22		$21,182	$21,204	
Due to Pension Fund	$1,013			$1,013	
Deposits / Trash Bonds	$13,500			$13,500	
TOTAL LIABILITIES	$40,899	$0	$21,182	$62,081	

September 30, 2019

FUND BALANCES:
Nonspendable:
Prepaid items and deposits	$600	$600	
Restricted for:
Debt Service	
$456,570		
$456,570	
Capital Projects		$3,196,213	$3,196,213	
Committed for:					
Emergency Fund	$1,146,330	$1,146,330	
Unassigned	 	$1,116,515		 	$476,225	$1,592,740	
TOTAL FUND BALANCES	$2,263,445	$456,570	$3,672,438	$6,392,453	

TOTAL LIABILITIES & FUND BALANCES	$2,304,344	$456,570	$3,693,620	$6,454,534

COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND
Statement of Revenues, Expenditures, and Changes in Fund Balance For the Period Ending September 30, 2019

DESCRIPTION	ADOPTED
BUDGET	PRORATED BUDGET
THRU 09/30/19	ACTUAL
THRU 09/30/19	
VARIANCE	

REVENUES:
Maintenance Assessments 111	

$1,271,477	

$1,271,477	

$1,290,619	

$19,142	
Interest Income	$1,000	$1,000	$57,669	$56,669	
Miscellaneous Revenues	$0	$0	$3,096	$3,096	
FEMA Proceeds	$0	$0	$89,301	$89,301	
Insurance Proceeds	$0	$0	$9,881	$9,881	

TOTAL REVENUES	$1,272,477	 $1,272,477	$1,450,566	$178,089 

EXPENDITURES:

ADMINISTRATIVE:		
Supervisor Fees	$24,000	$24,000	$22,000	$2,000	
FICA Expense	$1,836	$1,836	$1,683	$153	
Engineering	$10,000	$10,000	$0	$10,000	
Attorney	$60,000	$60,000	$43,230	$16,771	
Trustee Fees	$0	$0	$7,000	($7,000)	
Annual Audit	$4,500	$4,500	$4,500	$0	
Management Fees	$57,676	$57,676	$57,676	$0	
Computer Time	$1,000	$1,000	$1,000	$0	
Telephone	$200	$200	$287	($87)	
Travel & Per Diem	$4,000	$4,000	$5,235	($1,235)	
Postage	$750	$750	$587	$163	
Printing & Binding	$1,600	$1,600	$1,484	$116	
Rentals & Leases	$4,800	$4,800	$4,800	$0	
Insurance	$9,387	$9,387	$8,534	$853	
Legal Advertising	$850	$850	$1,992	($1,142)	
Other Current Charges	$625	$625	$2,529	($1,904)	
Office Supplies	$250	$250	$131	$119	
Dues, Licenses & Subscriptions	$175	$175	$175	$0	
Website Compliance	$500	$500	$500	$0	

TOTAL ADMINISTRATIVE	$182,149	 $182,149	$163,342	$18,807 

Field Expenses:		
Salaries and Wages	$73,190	$73,190	$73,193	($3)	
Special Pay	$500	$500	$800	($300)	
FICA Expense	$5,637	$5,637	$5,661	($23)	
Pension Expense	$4,421	$4,421	$4,392	$30	
Health Insurance	$10,000	$10,000	$10,000	$0	
Worker's Compensation Insurance	$3,025	$3,025	$1,704	$1,321	
Security	$3,096	$3,096	$0	$3,096	
Video Monitoring	$5,100	$5,100	$5,100	$0	
Travel & Per Diem	$250	$250	$0	$250	
Telephone Expense	$450	$450	$450	$0	
Internet/Data	$2,880	$2,880	$2,642	$238	
Rentals & Leases	$3,600	$3,600	$3,600	$0	
Insurance	$1,000	$1,000	$1,000	$0	
Electric	$80,000	$80,000	$84,707	($4,707)	
Water	$7,500	$7,500	$8,168	($668)	

GENERAL FUND
Statement of Revenues, Expenditures, and Changes in Fund Balance For the Period Ending September 30, 2019

DESCRIPTION		ADOPTED
BUDGET		PRORATED BUDGET
THRU 09/30/19			ACTUAL
THRU 09/30/19		
VARIANCE	

Contract Services:										
Weed Control		$26,736		$26,736			$26,736		$0	
Culvert Inspection		$15,000		$15,000			$4,500		$10,500	
Holiday Lighting		$75,080		$75,080			$75,080		$0	
Repairs & Maintenance:										
Landscape Maintenance		$260,260		$260,260			$248,840		$11,421	
Pest Control/Fertilization		$48,300		$48,300			$48,300		$0	
Landscape Replacement		$125,000		$125,000			$61,687		$63,313	
Annual Tree Trimming		$31,000		$31,000			$30,500		$500	
Fountain Contract		$2,000		$2,000			$1,415		$585	
Fountain Repairs		$10,500		$10,500			$31,210		($20,710)	
Pool Maintenance		$3,000		$3,000			$3,025		($25)	
Irrigation Repairs		$17,500		$17,500			$12,964		$4,536	
Vehicle Maintenance		$1,000		$1,000			$1,000		$0	
Pressure Cleaning		$28,500		$28,500			$26,900		$1,600	
Trash Pick-Up		$1,404		$1,404			$0		$1,404	
Contingencies		$18,000		$18,000			$23,108		($5,108)	
Lighting/Electrical Repairs		$5,000		$5,000			$1,275		$3,725	
Operating Supplies:										
Gas/Oil		$5,000		$5,000			$2,025		$2,975	
Holiday Decorations		$5,000		$5,000			$0		$5,000	
Flags		$2,352		$2,352			$1,220		$1,132	
Capital Projects:										
CapitaI Projects		$109,045		$109,045			$0		$109,045	
Reserves for Emergency Funds		$100,000		$100,000			$0		$100,000	
TOTAL FIELD		$1,090,328		$1,090,328			$801,203		$289,125	
										
TOTAL EXPENDITURES		$1,272,476		$1,272,476			$964,544		$307,932	

Excess (deficiency) of revenues over (under) expenditures		

 	$0 		

 	$0 			

 	$486,021 		

 	$486,021 	
OTHER FINANCING SOURCES/(USES)										
lnterfund Transfer ln/(Out)		$0		$0			$0		$0	
TOTAL OTHER FINANCING SOURCES/(USES)		 	$0 		 	$0 			 	$0 		 	$0 	
Net change in fund balance		 	$0 		 	$0 			$486,021		$486,021	

FUND BALANCE - Beginning		
$0					
$1,777,424			
FUND BALANCE - Ending		$0					$2,263,445			

(l) Gross amount assessed less 6% for discount and collection fees.

DEBT SERVICE FUND SERIES 2017
Statement of Revenues, Expenditures and Changes in Fund Balance
For the Period Ending September 30, 2019

  DESCRIPTION	

ADOPTED BUDGET

PRORATED BUDGET THRU 09/30/19

ACTUAL
THRU 09/30/19	VARIANCE

REVENUES:

Assessments Interest Income

$445,360
$0

$445,360
$0

$451,426
$10,644

$6,066
$10,644

 	 	 	
TOTAL REVENUES	 	$445,360	$445,360	$462,069	$16,709

EXPENDITURES:

Series 2017-1 Interest - 11/01 Interest - 05/01 Principal - 05/01

Series 2017-2 Interest - 11/01 Interest - 05/01 Principal - 05/01

TOTAL EXPENDITURES

Excess (deficiency) of revenues over (under) expenditures

$52,683	$52,683	$52,683	($0)
$52,683	$52,683	$52,683	($0)
$80,000	$80,000	$80,000	$0

$95,375	$95,375	$95,375	$0
$95,375	$95,375	$95,375	$0
$70,000	$70,000	$70,000	$0

$446,115	$446,115	$446,115	($0)

($755)	($755)	$15,954	$16,709

OTHER FINANCING SOURCES/(USESI		
lnterfund Transfer ln/(Out)	$0		$0		$59,408		$59,408	
TOTAL OTHER FINANCING SOURCES/(USES)	 	$0 		 	$0 		 	$59,408 		 	$59,408 	
Net change in fund balance	($755)		($755)		$75,363		$76,118	

FUND BALANCE - Beginning	
$156,173				
$381,207			
FUND BALANCE - Ending	$155,418				$456,570			

COMMUNITY  DEVELOPMENT DISTRICT
Long Term Debt Report FY 2019

Series 2017-1, Special Assessment Bonds	

Interest Rate:	
2.000%		
Maturity Date:	5/1/19	$80,000.00	
Interest Rate:	2.000%		
Maturity Date:	5/1/20	$80,000.00	
Interest Rate:	2.000%		
Maturity Date:	5/1/21	$80,000.00	
Interest Rate:	2.000%		
Maturity Date:	5/1/22	$85,000.00	
Interest Rate:	2.125%		
Maturity Date:	5/1/23	$85,000.00	
Interest Rate:	2.250%		
Maturity Date:	5/1/24	$85,000.00	
Interest Rate:	2.500%		
Maturity Date:	5/1/25	$90,000.00	
Interest Rate:	2.600%		
Maturity Date:	5/1/26	$90,000.00	
Interest Rate:	2.750%		
Maturity Date:	5/1/27	$95,000.00	
Interest Rate:	2.875%		
Maturity Date:	5/1/28	$95,000.00	
Interest Rate:	3.100%		
Maturity Date:	5/1/32	$420,000.00	
Interest Rate:	3.250%		
Maturity Date:	5/1/37	$605,000.00	
Interest Rate:	3.400%		
Maturity Date:	5/1/47	$1,545,000.00	
Reserve Requirement:	50% Maximum Annual Debt Service		
Bonds outstanding - 9/30/2018		$3,435,000.00	
	Mav 1, 2019 (Mandatorv)	($80,000.00}	
Current Bonds Outstandinf!		$3,3SS,000.00	

Series 2017-2, Special Assessment Bonds	

Interest Rate:	
4.000%		
Maturity Date:	5/1/28	$825,000.00	
Interest Rate:	5.000%		
Maturity Date:	5/1/37	$1,135,000.00	
Interest Rate:	5.000%		
Maturity Date:	5/1/47	$2,020,000.00	
Reserve Requirement:	50% Maximum Annual Debt Service		
Bonds outstanding - 9/30/2018		$3,980,000.00	
	Mav 1, 2019 (Mandatorv)	($70,000.00}	
Current Bonds Outstandinf!		$3,910,000.00	

ITotal Current Bonds Outstanding	$1,2Gs,ooo.oo 1

Capital Projects Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance For the Period Ending September 30, 2019

 DESCRIPTION			
 	BUDGET			PRORATED BUDGET
 	THRU 09/30/19			ACTUAL
 	THRU 09/30/19			
VARIANCE	

REVENUES:									
Interest Income		$500		$500		$10,898		$10,398	
Capital Projects Transfer In		$109,045		$109,045		$0		($109,045)	
TOTAL REVENUES		 	$109,545 		 	$109,545 		 	$10,898 		 	($98,647) 	
EXPENDITURES:									
Bank Service Charges		$0		$0		·$615		($615)	
Repairs and Replacements		$0		$0		$11,182		($11,182)	
TOTAL EXPENDITURES		$0		$0		$11,797		($11,797)	

Excess (deficiency) of revenues									
over (under) expenditures		$109,545		$109,545		($899)		($110,444)	

Net change in fund balance		
$109,545		
$109,545		
($899)		
($110,444)	

FUND BALANCE - Beginning		
$479,320				
$477,124			
FUND BALANCE - Ending		$588,865				$476,225			

CAPITAL PROJECTS FUND SERIES 2017
Statement of Revenues, Expenditures and Changes in Fund Balance For the Period Ending September 30, 2019

DESCRIPTION

ADOPTED BUDGET

PRORATED THRU 09/30/19

ACTUAL THRU 09/30/19

VARIANCE

REVENUES:

Interest Income	$0	$0	$83,125	$83,125	
TOTAL REVENUES	 	$0 		 	$0 		$83,125		$83,125	

EXPENDITURES:								
Capital Outlay 2017-1	$0		$0		$740,044		($740,044)	
Capital Outlay 2017-2	$0		$0		$929,147		($929,147)	
TOTAL EXPENDITURES	$0		$0		$1,669,191		{$1,669,191)	

Excess (deficiency) of revenues								
over (under) expenditures	 	$0 		 	$0 		($1,586,066)		($1,586,066)	

OTHER SOURCES/(USESl								
lnterfund Transfer ln/(Out)	$0		$0		($59,408)		($59,408)	
TOTAL OTHER SOURCES/(USES)	$0		$0		($59,408)		($59,408)	
								
Net change in fund balance	$0		$0		($1,645,474)		{$1,645,474)	

FUND BALANCE - Beginning	
$0				
$4,841,687			
FUND BALANCE - Ending	$0				$3,196,213			

TURTLE RUN
COMMUNITY DEVELOPMENT DISTRICT
COMMUNITY PROJECTS

1. Recap of Capital Reserve Fund Activity Through September 30, 2019
Opening Balance in capital Reserve Account		
$1,752,217.27	

Source of Funds:	Interest Earned		$35,838.99	
Assessment Receipt Transfers		$3,224,111.24	
Use of Funds:			
Disbursements:			
Pavers	($82,619.25)	Security Wall-Forest Glen	($6,750.00)	
Park Fence	($236,900.15)	Gate Houses	($51,422.75)	
Curbing/Extension	($132,731.07)	Park Drop Off Loop	($4,302.50)	
Roundabout	($883,349.16)	Newport Pathway	($1,892.50)	
Privacy Wall	($93,154.97)	Coach Lamps	($20,285.00)	
FPL Access Road	($24,870.50)	Turtle Creek Dr. Restripping	($13,330.00)	
Lake Bank Restorations	($668,643.53)	Walmart Bus Shelter	$0.00	
Lighting Project	($142,054.61)	Creekside Dr Re-Stripping	($15,425.00)	
Crosswalks/Park Entryway	($45,388.52)	Fountain-Lake Rachel	$0.00	
Signs	($151,879.33)	Monument Sign-Toys R Us	$0.00	
Video Surveillance	($24,945.31)	Split Rail Fence	$0.00	
Median Widening	($811,248.77)	Sample Road Trellis	$0.00	
Retaining Wall	($33,923.31)	Harbor Island Wall	$0.00	
Paving-Estates	($78,488.33)	Irrigation System Evaluation	($1,860.00)	
Paver Replacements	($59,562.78)	Bond Issue/Misc Engineering	($78,021.05)	
East Median Widening	($417,053.67)	Tortoise Way ROW Improvements	($8,595.00)	
Bank Service Charges	($3,151.52)	Child care Center Storm Water Report	($1,822.50)	
Turtle Run Blvd. Central	($4,120.00)	Composite Site Plan	($2,162.50)	
Decorative Sign Posts	($16,680.00)	TRCDD Master Plan	($1,337.50)	
Security Wall Model	($115,404.58)	Permits	($3,010.20)	
Passive Park	($7,437.50)	Entrance	($80,373.43)	
Irrigation Pumps	($153,011.10)	Newport Sidewalk Modifications	$0.00	
Terrapin Lane Turnlane	($8,552.50)	Roadway Improvements	($13,310.00)	
Post & Rail Fence	($1,650.00)	Front Entrance Pavers-Reset	($24,040.00)	
Adjusted Balance in Capital Reserve Account at September 30, 2019		$487,407.12	

2. Funds Available For Construction at September 30, 2019			
Book Balance of Construction Fund at September 30, 2019	$487,407.12		

Construction  Funds available at  September 30, 2019	$487,407.12

3. Investments SBA

September 30, 2019
Construction Fund:	Overnight

Yield
2.52%

Maturity
$487,407.12

Principal
$487,407.12

ADJ: Deposits in Transit 	$,_o-'._oo_ ADJ: Outstanding  lnvoices/Retainage 	$,._0_._oo_
Balance at  09/30/2019 ======$=4=8=7,=4=07=·=12=

1.	Recap of Capital Reserve Fund Activity Through September 30, 2019
Opening Balance in Construction Account

Source of Funds:	Interest Earned Bond Proceeds lnterfund Transfer

$0.00

$71,863.64
$3,412,257.50 ($31,331.58}

Use of Funds: Disbursements:

Roadway Improvements Sign Post Replacement Streetlight Improvements Entrance Feature
Post and Rail Fence
Irrigation System Improvements Sidwalk Improvements
Lake Bank Restoration Lake Buffer Restoration
Forest Glen Middle School Barrier Wall Sound Barrier Wall
Park Renovations
LA Services for Lake Access Attorney Fees
Engineering Fees-Misc. Cost of Issuance

($348,369.28}
($41,225.80}
($684,943.12}
($275,848.68}
($50,351.40}
($38,015.42}
($26,836.15}
$0.00 ($2,288.00}
($11,392.62}
($79,869.09}
($4,738.87}
($78,655.88}
($16,537.62}
($81,510.01}
($301,507.74}

Adjusted Balance in Capital Reserve Account at September 30, 2019	$1,410,699.88

2.	Funds Available For Construction at September 30. 2019
Book Balance of Construction Fund at September 30, 2019	$1,410,699.88

3.	Investments - Regions Bank

September 30, 2019 Construction Fund:

Yield Overnight 2.22%

Due	Maturity
$1,410,699.88

Principal
$1,410,699.88

ADJ: Deposits in Transit $0.00 ADJ: Outstanding lnvoices/Retainage 	$0'.00-
BaIanceat  09/30/2019	$1,410,699.88

1.	Recap of Capital Reserve Fund Activity Through September 30, 2019
Opening Balance in Construction Account

Source of Funds:	Interest Earned Bond Proceeds lnterfund Transfer

$0.00

$91,255.42
$4,116,171.95 ($28,076.63}

Use of Funds: Disbursements:

Roadway Improvements Sign Post Replacement Streetlight Improvements Entrance Feature
Post and Rail Fence
Irrigation System Improvements Sidwalk Improvements
Lake Bank Restoration Lake Buffer Restoration
Forest Glen Middle School Barrier Wall Sound Barrier Wall
Park Renovations
LA Services for Lake Access Attorney Fees
Engineering Fees-Misc. Cost of Issuance

($389,884.93}
($52,469.20}
($871,745.78}
($406,685.21}
($64,083.60}
($49,083.26}
($34,155.10}
$0.00 ($2,912.00}
($14,499.68}
($101,651.56}
($6,031.29}
($97,296.43}
($21,083.88}
($101,740.04}
($168,515.87}

Adjusted Balance in Capital Reserve Account at September 30, 2019	$1,797,512.91

2. Funds Available For Construction at September 30, 2019
Book Balance of Construction Fund at September 30, 2019		
$1,797,512.91	

3. Investments - Regions Bank			

September 30, 2019	JyQg	Yield	
Maturity	
Principal	
Construction Fund:	Overnight 2.22%	$1,797,512.91	$1,797,512.91	
	
ADJ: Deposits in Transit	
$0.00	
ADJ: Outstanding lnvoices/Retainage  --$0.00-
Balance at 09/30/2019	$1,797,512.91