Turtle Run
Community Development District

Unaudited Financial Reporting
January 31, 2025

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2017	

5	
	Capital Projects Reserve Fund	

6-7	
	Month to Month	

8	
	Long Term Debt Report	

9	
	Assessment Receipt Schedule	

Balance Sheet January 31, 2025

	General Fund	Debt Service Fund	Capital Project Reserve Fund	Totals Governmental Funds	

Assets:
Cash:
Operating Account	

$	278,143	

$	-	

$	34,038	

$	312,182	
Due from General Fund	-	197,127	-	197,127	
Investments:
State Board of Administration - Operating Reserves	

958,304	

-	

-	

958,304	
State Board of Administration - Emergency Reserves	5,590	-	-	5,590	
State Board of Administration - Capital Reserves	-	-	7,837	7,837	
Bank United - Operating Reserves	953,531	-	-	953,531	
Bank United - Emergency Reserves	546,984	-	-	546,984	
Bank United - Capital Reserves	-	-	455,963	455,963	
Series 2017-1 Reserve	

-	

103,958	

-	

103,958	
Revenue	-	145,539	-	145,539	
Interest	-	25	-	25	
Principal	-	165	-	165	
Prepayment	-	3,536	-	3,536	
Series 2017-2 Reserve	

-	

145,651	

-	

145,651	
Revenue	-	256,191	-	256,191	
Interest	-	46	-	46	
Sinking	-	165	-	165	
Deposits	840	-	-	840	
Total Assets	$	2,743,392	$	852,404	$	497,839	$	4,093,635	

Liabilities:					
Accounts Payable	$	24,528	$	-	$	-	$	24,528	
Due to Debt Service	197,127	-	-	197,127	
Deposit/Trash Bonds	13,500	-	-	13,500	
Total Liabilities	$	235,155	$	-	$	-	$	235,155	

Fund Balance:
Nonspendable:
Deposits	$	840	

$	-	$	-	$	840	
Restricted for:					
Debt Service	-	852,404	-	852,404	
Capital Project Reserve Fund	-	-	497,839	497,839	
Emergency Fund	552,574	-	-	552,574	
Unassigned	1,954,824	-	-	1,954,824	
Total Fund Balances	$	2,508,237	$	852,404	$	497,839	$	3,858,480	
					
Total Liabilities & Fund Balance	$	2,743,392	$	852,404	$	497,839	$	4,093,635	

Assigned for:

Adopted	Prorated Budget	Actual	
Budget	Thru 01/31/25	Thru 01/31/25	Variance	

Revenues:		
Special Assessments - Tax Roll	$	1,272,662	$	763,597	$	1,228,136	$	464,539	
Interest Income	95,000	31,667	26,559	(5,108)	
Other Income	-	-	100	100	
Total Revenues	$	1,367,662	$	795,264	$	1,254,795	$	459,531	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	24,000	$	8,000	$	3,000	$	5,000	
FICA Taxes	1,836	612	230	383	
Assessment Roll	2,000	2,000	2,000	-	
Attorney	65,000	21,667	12,210	9,457	
Attorney - Special Counsel	50,000	16,667	2,373	14,294	
Annual Audit	3,800	1,267	-	1,267	
Arbitrage Rebate	600	200	600	(400)	
Trustee Fees	7,000	7,000	7,000	-	
Management Fees	68,868	22,956	22,956	(0)	
Information Technology	1,000	333	333	0	
Website Maintenance	1,000	333	333	0	
Postage & Delivery	750	250	197	53	
Insurance General Liability	13,755	13,755	12,631	1,124	
Printing & Binding	2,000	667	109	557	
Rental & Leases	4,800	1,600	1,600	-	
Meeting Room	1,200	400	-	400	
Legal Advertising	1,500	500	-	500	
Other Current Charges	1,250	417	497	(81)	
Office Supplies	250	83	2	82	
Dues, Licenses & Subscriptions	175	175	175	-	
Security	3,000	1,000	702	298	
Total General & Administrative	$	253,784	$	99,881	$	66,948	$	32,933	

Adopted	Prorated Budget	Actual	
Budget	Thru 01/31/25	Thru 01/31/25	Variance	

Operations & Maintenance		
Special Pay	$	1,500	$	500	$	-	$	500	
Field Management	80,000	26,667	26,667		(0)	
Video Monitoring	3,000	1,000	906		94	
Internet/Data	3,000	1,000	423		577	
Electric	112,898	37,633	32,496		5,136	
Water	11,000	3,667	1,500		2,167	
Insurance	54,547	54,547	48,802		5,745	
Weed Control	33,132	11,044	11,044		-	
Culvert Inspection	15,000	5,000	800		4,200	
Holiday Lighting/Decorations	77,000	25,667	77,647		(51,980)	
Iguana Removal	7,500	2,500	2,365		135	
Landscape Maintenance	356,614	118,871	118,872		(0)	
Pest Control/Fertilization	48,300	16,100	16,375		(275)	
Landscape Replacement	68,569	22,856	22,928		(72)	
Annual Tree Trimming	39,000	13,000	-		13,000	
Fountain Maintenance	4,000	1,333	1,750		(417)	
Fountain Repairs	7,500	2,500	2,371		129	
Irrigation Repairs/Maintenance	32,000	10,667	3,157		7,509	
Pressure Cleaning	37,070	12,357	36,450		(24,093)	
Contingencies	20,000	6,667	13,210		(6,544)	
Paver Repairs	10,000	3,333	4,300		(967)	
Lighting/Electrical Repairs	30,000	10,000	7,316		2,684	
RPM Replacements	4,500	1,500	-		1,500	
Rust Preventative TR Park	4,748	1,583	1,544		39	
Flags	3,000	1,000	650		350	
Total Operations & Maintenance	$	1,063,878	$	390,991	$	431,572	$	(40,581)	
						
Total Expenditures	$	1,317,662	$	490,872	$	498,520	$	(7,648)	
						
Excess (Deficiency) of Revenues over Expenditures	$	50,000	$	304,392	$	756,275	$	451,883	

Other Financing Sources/(Uses):						
Transfer In/(Out)	$	(50,000)	$	(50,000)	$	(50,000)	$	-	
Total Other Financing Sources/(Uses)	$	(50,000)	$	(50,000)	$	(50,000)	$	-	
						
Net Change in Fund Balance	$	(0)	$	254,392	$	706,275	$	451,883	
						
Fund Balance - Beginning			$	1,801,963			
						
Fund Balance - Ending			$	2,508,237			

Revenues:		
Special Assessments - Tax Roll	$	445,623	$	267,374	$	423,247	$	155,873	
Interest Income	-	-	8,051	8,051	
Total Revenues	$	445,623	$	267,374	$	431,298	$	163,924	

Expenditures:					
Series 2017-1
Interest - 11/1	

$	47,573	

$	47,573	

$	47,573	

$	(0)	
Interest - 5/1	47,573	-	-	-	
Principal - 5/1	90,000	-	-	-	
Series 2017-2
Interest - 11/1	

86,275	

86,275	

86,275	

-	
Interest - 5/1	86,275	-	-	-	
Principal - 5/1	85,000	-	-	-	
Total Expenditures	$	442,696	$	133,848	$	133,848	$	(0)	
					
Excess (Deficiency) of Revenues over Expenditures	$	2,927	$	133,526	$	297,450	$	163,924	
					
Fund Balance - Beginning			$	554,954		
					
Fund Balance - Ending			$	852,404		

Revenues					
Interest	$	500	$	167	$	6,572	$	6,405	
Total Revenues	$	500	$	167	$	6,572	$	6,405	

Expenditures:					
Bank Service Charges	$	-	$	-	$	315	$	(315)	
Engineering Fees	-	-	9,568	(9,568)	
Lights	-	-	5,600	(5,600)	
Fountain Equipment Replacement	-	-	9,293	(9,293)	
Signs	-	-	2,303	(2,303)	
Total Expenditures	$	-	$	-	$	27,079	$	(27,079)	
					
Excess (Deficiency) of Revenues over Expenditures	$	500	$	167	$	(20,506)	$	(20,673)	

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	50,000	$	50,000	$	50,000	$	-	
Total Other Financing Sources (Uses)	$	50,000	$	50,000	$	50,000	$	-	
					
Net Change in Fund Balance	$	50,500	$	50,167	$	29,494	$	(20,673)	
					
Fund Balance - Beginning			$	468,346		
					
Fund Balance - Ending			$	497,839		

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Revenues:

Special Assessments - Tax Roll

$	-	$ 202,981

$ 1,007,459

$  17,696  $

-	$	-	$

-	$	-	$	-	$

-	$	-	$

-	$ 1,228,136

Interest Income	6,513	5,575	5,666	8,805	-	-	-	-	-	-	-	-	26,559

Total Revenues	$	6,513  $ 208,656  $ 1,013,125  $  26,501  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$ 1,254,795

Other Income	-	100	-	-	-	-	-	-	-	-	-	-	100
Expenditures:
General & Administrative:

Supervisor Fees	$	2,000	$	-	$	1,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	3,000	
FICA Taxes	153	-	77	-	-	-	-	-	-	-	-	-	230	
Assessment Roll	2,000	-	-	-	-	-	-	-	-	-	-	-	2,000	
Attorney	5,803	3,768	2,640	-	-	-	-	-	-	-	-	-	12,210	
Attorney - Special Counsel	-	903	280	1,190	-	-	-	-	-	-	-	-	2,373	
Annual Audit	-	-	-	-	-	-	-	-	-	-	-	-	-	
Arbitrage Rebate	-	-	600	-	-	-	-	-	-	-	-	-	600	
Trustee Fees	7,000	-	-	-	-	-	-	-	-	-	-	-	7,000	
Management Fees	5,739	5,739	5,739	5,739	-	-	-	-	-	-	-	-	22,956	
Information Technology	83	83	83	83	-	-	-	-	-	-	-	-	333	
Website Maintenance	83	83	83	83	-	-	-	-	-	-	-	-	333	
Postage & Delivery	37	40	74	47	-	-	-	-	-	-	-	-	197	
Insurance General Liability	12,631	-	-	-	-	-	-	-	-	-	-	-	12,631	
Printing & Binding	17	7	30	56	-	-	-	-	-	-	-	-	109	
Rental & Leases	400	400	400	400	-	-	-	-	-	-	-	-	1,600	
Meeting Room	-	-	-	-	-	-	-	-	-	-	-	-	-	
Legal Advertising	-	-	-	-	-	-	-	-	-	-	-	-	-	
Other Current Charges	183	114	101	101	-	-	-	-	-	-	-	-	497	
Office Supplies	-	2	-	-	-	-	-	-	-	-	-	-	2	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Security	234	234	234	-	-	-	-	-	-	-	-	-	702	

Total General & Administrative

$  36,537  $  11,372  $  11,340  $	7,699  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $  66,948

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Operations & Maintenance

Special Pay	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Field Management	6,667	6,667	6,667	6,667	-	-	-	-	-	-	-	-	26,667	
Video Monitoring	226	226	226	226	-	-	-	-	-	-	-	-	906	
Internet/Data	138	148	138	-	-	-	-	-	-	-	-	-	423	
Electric	7,424	7,690	8,320	9,062	-	-	-	-	-	-	-	-	32,496	
Water	122	437	941	-	-	-	-	-	-	-	-	-	1,500	
Insurance	48,802	-	-	-	-	-	-	-	-	-	-	-	48,802	
Weed Control	2,761	2,761	2,761	2,761	-	-	-	-	-	-	-	-	11,044	
Culvert Inspection	-	-	-	800	-	-	-	-	-	-	-	-	800	
Holiday Lighting/Decorations	576	40,285	36,787	-	-	-	-	-	-	-	-	-	77,647	
Iguana Removal	625	625	490	625	-	-	-	-	-	-	-	-	2,365	
Landscape Maintenance	29,718	29,718	29,718	29,718	-	-	-	-	-	-	-	-	118,872	
Pest Control/Fertilization	4,300	4,025	4,025	4,025	-	-	-	-	-	-	-	-	16,375	
Landscape Replacement	7,366	3,674	2,477	9,410	-	-	-	-	-	-	-	-	22,928	
Annual Tree Trimming	-	-	-	-	-	-	-	-	-	-	-	-	-	
Fountain Maintenance	885	285	285	295	-	-	-	-	-	-	-	-	1,750	
Fountain Repairs	-	1,186	-	1,186	-	-	-	-	-	-	-	-	2,371	
Irrigation Repairs/Maintenance	-	788	788	1,580	-	-	-	-	-	-	-	-	3,157	
Pressure Cleaning	-	36,450	-	-	-	-	-	-	-	-	-	-	36,450	
Contingencies	3,654	139	4,259	5,158	-	-	-	-	-	-	-	-	13,210	
Paver Repairs	-	4,300	-	-	-	-	-	-	-	-	-	-	4,300	
Lighting/Electrical Repairs	1,502	1,038	3,726	1,051	-	-	-	-	-	-	-	-	7,316	
RPM Replacements	-	-	-	-	-	-	-	-	-	-	-	-	-	
Rust Preventative TR Park	386	386	386	386	-	-	-	-	-	-	-	-	1,544	
Flags	-	-	650	-	-	-	-	-	-	-	-	-	650	
Total Operations & Maintenance	$ 115,151	$ 140,827	$ 102,643	$  72,950	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $ 431,572	
						
Total Expenditures	$ 151,688	$ 152,199	$ 113,984	$  80,649	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $ 498,520	
						
Excess (Deficiency) of Revenues over Expenditures	$ (145,176)	$  56,457	$ 899,141	$ (54,148)	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $ 756,275	

Other Financing Sources/Uses:

Transfer In/(Out)	

$ (50,000)	

$	-	

$	-	

$	-	

$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  (50,000)	

Total Other Financing Sources/Uses

$ (50,000) $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $  (50,000)

Net Change in Fund Balance

$ (195,176) $  56,457  $ 899,141  $ (54,148) $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $ 706,275

Turtle Run
Community Development District Long Term Debt Report	
Series 2017-1, Special Assessment Bonds	

Interest Rate:	
2.000%		
Maturity Date:	5/1/21	$80,000	
Interest Rate:	2.000%		
Maturity Date:	5/1/22	$85,000	
Interest Rate:	2.125%		
Maturity Date:	5/1/23	$85,000	
Interest Rate:	2.250%		
Maturity Date:	5/1/24	$85,000	
Interest Rate:	2.500%		
Maturity Date:	5/1/25	$90,000	
Interest Rate:	2.600%		
Maturity Date:	5/1/26	$90,000	
Interest Rate:	2.750%		
Maturity Date:	5/1/27	$95,000	
Interest Rate:	2.875%		
Maturity Date:	5/1/28	$95,000	
Interest Rate:	3.100%		
Maturity Date:	5/1/32	$420,000	
Interest Rate:	3.250%		
Maturity Date:	5/1/37	$605,000	
Interest Rate:	3.400%		
Maturity Date:	5/1/47	$1,545,000	

Bonds outstanding - 9/30/2024		
$2,940,000	
	May 1, 2025 (Mandatory)	$0	
Current Bonds Outstanding		$2,940,000	

Series 2017-2, Special Assessment Bonds	

Interest Rate:	
4.000%		
Maturity Date:	5/1/28	$535,000	
Interest Rate:	5.000%		
Maturity Date:	5/1/37	$1,135,000	
Interest Rate:	5.000%		
Maturity Date:	5/1/47	$2,020,000	

Bonds outstanding - 9/30/2024		
$3,525,000	
	May 1, 2025 (Mandatory)	$0	
Current Bonds Outstanding		$3,525,000	
	
Total Current Bonds Outstanding		$6,465,000	

Turtle Run
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts - Broward County

TOTAL ASSESSMENT LEVY (RU) 2017-1	Gross Assessments	$
ON ROLL ASSESSMENTS

589,026.13  $

197,135.21  $

786,161.34

Allocation in %	74.92%	25.08%	100.00%
Date	Distribution	Gross Amount	Discount/(Penalty)	Commission	Interest	Net Receipts	O&M Portion	Debt Service	Total	

11/22/24	
11/1/24-11/15/24	
$	94,915.43	
$	3,926.35	
$	909.89	
$	-	
$	90,079.19	
$	67,491.23	
$	22,587.96	
$	90,079.19	
12/03/24	PROP APPRAISER	-	-	778.48	-	(778.48)	(583.27)	(195.21)	(778.48)	
12/06/24	11/1/24-11/30/24	155,052.27	6,202.42	1,488.50	-	147,361.35	110,409.51	36,951.84	147,361.35	
12/18/24	12/1/24-12/11/24	427,963.13	17,054.98	4,109.08	-	406,799.07	304,791.48	102,007.59	406,799.07	
12/27/24	12/12/24-12/21/24	5,238.97	169.29	50.70	-	5,018.98	3,760.44	1,258.54	5,018.98	
01/06/25	12/1/24-12/31/24	16,363.78	490.87	158.73	-	15,714.18	11,773.74	3,940.44	15,714.18	
01/10/25	1/1/25-1/6/25	2,387.08	66.96	23.20	-	2,296.92	1,720.95	575.97	2,296.92	
01/24/25	INTEREST	-	-	-	396.09	396.09	296.77	99.32	396.09	
	TOTAL	$	701,920.66	$	27,910.87	$	7,518.58	$	396.09	$	666,887.30	$	499,660.85	$	167,226.45	$	666,887.30	

$

89.28%
84,240.68

Percent Collected Balance Remaining to Collect

TOTAL ASSESSMENT LEVY (RT) 2017-2	Gross Assessments	$
ON ROLL ASSESSMENTS

277,511.06  $

102,241.55  $

379,752.61

Allocation in %	73.08%	26.92%	100.00%
Date	Distribution	Gross Amount	Discount/(Penalty)	Commission	Interest	Net Receipts	O&M Portion	Debt Service	Total	

11/22/24	
11/1/24-11/15/24	
$	82,829.15	
$	3,313.17	
$	795.16	
$	-	
$	78,720.82	
$	57,526.66	
$	21,194.16	
$	78,720.82	
12/03/24	PROP APPRAISER	-	-	376.04	-	(376.04)	(274.80)	(101.24)	(376.04)	
12/18/24	12/1/24-12/11/24	296,923.46	11,876.94	2,850.47	-	282,196.05	206,219.85	75,976.20	282,196.05	
1/24/25	INTEREST	$0.00	$0.00	$0.00	$212.51	212.51	155.30	57.21	212.51	
	TOTAL	$	379,752.61	$	15,190.11	$	4,021.67	$	212.51	$	360,753.34	$	263,627.01	$	97,126.33	$	360,753.34	

$

100.00%
-

Percent Collected Balance Remaining to Collect

TOTAL ASSESSMENT LEVY (RN) 2017-2	Gross Assessments	$
ON ROLL ASSESSMENTS

489,275.22  $

174,690.67  $

663,965.89

Allocation in %	73.69%	26.31%	100.00%
Date	Distribution	Gross Amount	Discount/(Penalty)	Commission	Interest	Net Receipts	O&M Portion	Debt Service	Total	

11/22/24	
11/1/24-11/15/24	
$	113,237.69	
$	4,529.50	
$	1,087.08	
$	-	
$	107,621.11	
$	79,305.79	
$	28,315.32	
$	107,621.11	
12/03/24	PROP APPRAISER	-	-	657.48	-	(657.48)	(484.50)	(172.98)	(657.48)	
12/06/24	11/1/24-11/30/24	470,063.29	18,802.53	4,512.61	-	446,748.15	329,207.87	117,540.28	446,748.15	
12/18/24	12/1/24-12/11/24	68,332.08	2,733.29	655.99	-	64,942.80	47,856.23	17,086.57	64,942.80	
1/6/25	12/1/24-12/31/24	$4,897.72	$146.93	$47.51	$0.00	4,703.28	3,465.84	1,237.44	4,703.28	
1/24/25	INTEREST	$0.00	$0.00	$0.00	$384.73	384.73	283.51	101.22	384.73	
	TOTAL	$	656,530.78	$	26,212.25	$	6,960.67	$	384.73	$	623,742.59	$	459,634.74	$	164,107.85	$	623,742.59	

98.88%	Percent Collected	
$	7,435.11	Balance Remaining to Collect	
		
94.99%	Total Percent Collected	
$	91,675.79	Total Balance Remaining to Collect