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Bella Collina

Community Development District

Amended Budget

FY 2018

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	Bella Collina	
	Community Development District	
	Table of Contents	
1	Water & Sewer Fund	
2-6	Water & Sewer Narrative	

Bella Collina

Community Development District

Amended Budget

Water & Sewer

Fiscal Year 2018

		Actuals	FY2018		FY2018	
		Thru	Adopted	Increase/	Amended	
	Description	9/30/18	Budget	(Decrease)	Budget	
						
	Revenues					
	Water Utility Revenue					
	Monthly Potable Water & Irrigation Consumption	$330,911	$275,000	$56,000	$331,000	
	Monthly Wastewater Consumption	$44,579	$35,000	$12,000	$47,000	
	Special Assessments	$137,983	$135,907	$0	$135,907	
	Application Fees	$1,075	$0	$1,075	$1,075	
	Meter Fees	$26,015	$0	$26,015	$26,015	
	Grinder Pump Fees	$53,095	$0	$53,095	$53,095	
	Miscellaneous Revenue	($3,092)	$500	($3,592)	($3,092)	
	Interest	$1,316	$150	$1,166	$1,316	
	Transfer In	$7,663	$0	$7,663	$7,663	
	Carry Forward Surplus	$0	$0	$0	$0	
						
	Total Revenues	$599,544	$446,557	$153,422	$599,979	
	Expenditures					
	Administrative					
	Engineering Fees	$54,962	$15,200	$40,000	$55,200	
	Attorney Fees	$0	$15,500	$0	$15,500	
	Trustee Fees	$3,500	$4,000	$0	$4,000	
	Arbitrage	$0	$600	$0	$600	
	Dissemination	$3,000	$3,000	$0	$3,000	
	Annual Audit	$1,613	$1,613	$0	$1,613	
	Management Fees	$12,649	$12,649	$0	$12,649	
	Tax Collector Fee	$2,688	$2,996	$0	$2,996	
	Other Current Charges	$325	$200	$125	$325	
	Dues, Licenses & Subscriptions	$5,100	$5,300	$0	$5,300	
						
	Total Administrative	$83,837	$61,058	$40,125	$101,183	
	Operations					
	Field Management	$12,000	$12,000	$0	$12,000	
	Electricity	$37,567	$40,000	$0	$40,000	
	Telephone	$3,738	$4,500	$0	$4,500	
	Trash Removal	$1,906	$1,800	$200	$2,000	
	Insurance	$16,968	$18,750	$0	$18,750	
	Grinder Pump	$82,713	$0	$83,897	$83,897	
	Repairs & Maintenance	$92,261	$80,000	$15,000	$95,000	
	Water Plant Services (General Utilities)	$34,413	$42,407	$0	$42,407	
	Wastewater Plant Services (General Utilities)	$76,920	$96,500	$0	$96,500	
	Sludge Disposal	$2,944	$6,000	$0	$6,000	
	Contractual Services (Utility Technicians)	$9,757	$10,000	$0	$10,000	
	Fuel Expense	$2,997	$4,575	$0	$4,575	
	Landscape Maintenance	$7,228	$8,000	$0	$8,000	
	Pond Maintenance	$1,092	$1,200	$0	$1,200	
	Wastewater Testing & Analysis	$23,749	$21,000	$3,000	$24,000	
	Operating Systems Maintenance	$3,200	$6,500	$0	$6,500	
	Generator Maintenance	$3,377	$3,500	$0	$3,500	
	Lighting	$0	$15,000	$0	$15,000	
	New Meter Install	$11,200	$0	$11,200	$11,200	
	Contingency	$0	$0	$0	$0	
	Operating Reserve	$0	$0	$0	$0	
	Transfer Out - Capital Reserve	$13,767	$13,767	$0	$13,767	
						
	Total Operations	$437,795	$385,499	$113,297	$498,796	
						
	Total Expenditures	$521,632	$446,557	$153,422	$599,979	
						
	Excess Revenues (Expenditures)	$77,912	$0	$0	$0	
	Non Operating Revenues/(Expenditures)					
	AFPI Fees - Water	$10,030	$0	$10,030	$10,030	
	AFPI Fees - Sewer	$5,290	$0	$5,290	$5,290	
	Connection Fees - Water	$49,815	$0	$49,815	$49,815	
	Connection Fees - Sewer	$29,200	$0	$29,200	$29,200	
	Principal Expense	($181,749)	$0	($181,749)	($181,749)	
						
	Total Non Operating Revenues/(Expenditures)	($87,414)	$0	($87,414)	($87,414)	
	*Less excess non-operating revenues.					
			NET SPECIAL ASSESSMENTS	$135,907	
			ADD: DISCOUNTS (4%)	$5,663	
			GROSS SPECIAL ASSESSMENTS	$141,570	
			UNDEVELOPED LOTS	726	
			PER LOT SPECIAL ASSESSMENTS	$195	

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Bella Collina

Community Development District
Water & Sewer Budget

Fiscal Year 2018

REVENUES:

Monthly Potable Water Consumption

Estimated water and irrigation revenue.

Monthly Wastewater Consumption

Estimated wastewater revenue.

Special Assessments

The District will levy non-ad valorem special assessments on all taxable property within the District to fund operating and maintenance expenditures for the fiscal year.

Miscellaneous Revenue

Represents any miscellaneous revenues.

Interest

The District will have funds invested in a money market fund throughout the fiscal year.

EXPENDITURES:

ADMINISTRATIVE:

Engineering Fees

The District’s engineer, Boyd Civil Engineering, Inc., will be providing general engineering services to the District, e.g., attendance and preparation for monthly board meetings, reviewing invoices, etc.

Attorney Fees

The District’s legal counsel will be providing general legal services to the District, e.g., attendance and preparation for monthly meetings, reviewing operating and maintenance contracts, etc. The District has contracted Latham, Shuker, Eden & Beaudine, LLP.

Trustee Fees

The District issued Series 2016 Utility System Capital Appreciation Bonds, which are held with a Trustee at Regions Bank. The amount of the trustee fees is based on the agreement between Regions Bank and the District.

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Bella Collina

Community Development District
Water & Sewer Budget

Fiscal Year 2018

Arbitrage

The District had contracted with an independent certified public accountant, to annually calculate the District’s Arbitrage Rebate Liability on the Series 2016 Utility System Capital Appreciation Bonds. The District hired Grau & Associates to calculate the rebate liability and submit a report to the District.

Dissemination

The District is required by the Securities and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues. The District has contracted with Governmental Management Services-CF, LLC, the District’s bond underwriter, to provide this service.

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District has contracted Berger, Toombs, Elam, Gaines & Frank.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – Central Florida, LLC. The services include, but not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc.

Tax Collector Fee

The District has contracted with the Lake County Tax Collector to collect the Special Assessments.

Other Current Charges

Bank charges and any other miscellaneous expenses that are incurred during the fiscal year.

Dues, Licenses & Subscriptions

The District is required to pay annual fees to the Florida Department of Environmental Protection and the Florida Rural Water Association. These are the only expenses under this category for the District.

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Bella Collina

Community Development District
Water & Sewer Budget

Fiscal Year 2018

OPERATIONS:

Field Management

The District currently has a contract with Governmental Management Services – Central Florida, LLC, to provide field management services. Services include onsite inspections to Water Treatment Plant, Waste Water Treatment Plant and Hillcrest Treatment Plant, meetings with utility system vendors and emails.

Electricity

This item represents utility service costs for electricity as provided by Duke Energy.

Account#		Address	Monthly	Annual	
24375 51063	17447	Cavallo Dr. Streetlighting	$275	$3,300	
52815 07181	17500	Cavallo Dr. Water Treatment Plant	$525	$6,300	
65008 90457	17510	Cavallo Dr. Waste Water Treatment Plant	$1,425	$17,100	
72264 33555	15340	Pendio Dr. Well 1	$125	$1,500	
08607 10318	15601	Vetta Dr. Hillcrest Treatment Plant	$650	$7,800	
27855 69531	15900	Pendio Dr. Well 2	$125	$1,500	
	Contingency		$2,500	
TOTAL				$40,000	

Telephone

This is for service for the water and wastewater plants phone lines as provided by Centurylink.

Account#		Address	Monthly	Annual	
407-469-2585-206   17500	Cavallo Drive Water Treatment Plant	$55	$660	
407-469-3353-077	17510	Cavallo Drive Waste Water Treatment Facility	$65	$780	
407-469-9411-606	15601 Vetta Drive Hill Crest Water Treatment Plant	$255	$3,060	
					
TOTAL				$4,500	

Trash Removal

To record the expenses related to trash and rubbish removal of miscellaneous items, dumpster contract service and hauling of miscellaneous items. The District has the following utility account with Waste Management

Description	Monthly	Annually	
Waste Management	$160	$1,920	
Contingency		$80	
TOTAL		$2,000	

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Bella Collina

Community Development District
Water & Sewer Budget

Fiscal Year 2018

Insurance

The District’s property insurance coverage is provided by Florida Insurance Alliance.

Repairs and Maintenance

Any costs related to miscellaneous repairs and maintenance that occur during the fiscal year, which include but are not limited to the following:

Description	Fee	
Sewer - Plant CL2 Ventilation	$2,700	
Sewer - Tank Leak Repairs	$7,800	
Water - PIL/HC Sight Glass Repair	$3,813	
Water - Paint Wells	$3,500	
Water - Paint High Service Pumps	$4,500	
Water - Wells Service	$6,500	
Sewer - Filter Retro Fit	$7,700	
Water - Plant Air Compressor Repairs	$3,800	
Contingency	$54,687	
TOTAL	$95,000	

Water Plant Services

Contracted yearly cost to operate the District’s water plant. The District currently has a contract with General Utilities to provide this service.

Wastewater Plant Services

Contracted yearly cost to operate the District’s wastewater plant. The District currently has a contract with General Utilities to provide this service

Sludge Disposal

Estimated cost of sludge disposal when requirements have been met.

Description	Fee	
Biosolids Removal/Hauling	$4,200	
Solid Waste Dumpster	$1,800	
TOTAL	$6,000	

Contractual Services

Services provided on as needed basis for plant operations.

Fuel Expense

Estimated amount of fuel to be purchase for the District’s backup generators.

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Bella Collina

Community Development District
Water & Sewer Budget

Fiscal Year 2018

Landscape Maintenance

The District currently has a contract with The Club at Bella Collina to maintain the landscape areas surrounding the water plant.

Description	Monthly	Annually	
The Club at Bella Collina	$633	$7,590	
Contingency		$410	
TOTAL		$8,000	

Pond Maintenance

Contracted yearly cost to maintain the District’s Waste Water Treatment Plant Pond.

Description	Monthly	Annually	
Applied Aquatic Management, Inc.	$91	$1,092	
Contingency		$108	
TOTAL		$1,200	

Wastewater Testing & Analysis

Represents estimated costs incurred during the fiscal year for testing and analysis of the wastewater treatment facility per the FDEP permit #FLA 297631-005.

Operating Systems Maintenance

Represents estimated costs incurred during the fiscal year for maintenance of mechanical, electrical and computer operating systems.

Generator Maintenance

Represents estimated costs incurred during the fiscal year for semi-annual service on four generators located at Well #1, Pine Island Water Plant, Pine Island Sewer Plant and the Hillcrest Water Plant.

Lighting

Represents estimated costs for any lighting supplies and repairs to the water treatment plants, wastewater treatment plants and wells.

Transfer Out – Capital Reserve

Funds transferred out to the Water & Sewer Fund’s Capital Reserve for any capital outlay expenses.

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