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Bella Collina

Community Development District

Adopted Budget

FY 2019

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	Bella Collina	
	Community Development District	
	Table of Contents	
1	General Fund	
2-5	General Fund Narrative	
6	Capital Reserve Fund (GF)	
7	Series 2004 Debt Service	
8	Series 2004 Amortization Schedule	
9	Water & Sewer Fund	
10-14	Water & Sewer Narrative	
15	Capital Reserve Fund (WSF)	
16	Series 2016 Amortization Schedule	

Bella Collina

Community Development District

Adopted Budget

General Fund

Fiscal Year 2019

		FY2018	Actual	Projected	Total	FY2019		
		Annual	thru	Next 3	Thru	Annual		
	Description	Budget	6/30/18	Months	9/30/18	Budget		
								
	Revenues							
	Special Assessments	$183,158	$186,910	$0	$186,910	$183,158		
								
	Total Revenues	$183,158	$186,910	$0	$186,910	$183,158		
	Expenditures							
	Administrative							
	Supervisor Fees	$6,000	$600	$2,000	$2,600	$6,000		
	FICA Expense	$459	$31	$153	$184	$459		
	Engineering Fees	$8,000	$250	$500	$750	$8,000		
	Attorney Fees	$10,000	$2,086	$1,914	$4,000	$10,000		
	Trustee Fees	$6,000	$5,058	$0	$5,058	$6,000		
	Arbitrage	$600	$600	$0	$600	$600		
	Collection Agent	$5,000	$5,000	$0	$5,000	$5,000		
	Dissemination	$3,000	$2,750	$750	$3,500	$3,000		
	Annual Audit	$1,613	$1,613	$0	$1,613	$1,688		
	Management Fees	$44,274	$33,206	$11,069	$44,274	$44,274		
	Information Technology	$2,200	$1,650	$550	$2,200	$2,200		
	Telephone	$100	$0	$25	$25	$100		
	Postage	$1,500	$446	$154	$600	$1,500		
	Printing & Binding	$1,500	$129	$171	$300	$1,500		
	Insurance	$8,250	$7,481	$0	$7,481	$8,250		
	Legal Advertising	$1,500	$0	$1,500	$1,500	$1,500		
	Other Current Charges	$250	$50	$25	$75	$250		
	Office Supplies	$400	$46	$54	$100	$400		
	Tax Collector Fee	$3,800	$3,450	$350	$3,800	$3,800		
	Dues, Licenses, Subscriptions	$175	$175	$0	$175	$175		
								
	Administrative Expenses	$104,621	$64,619	$19,214	$83,834	$104,696		
	Maintenance							
	Field Management	$23,726	$17,795	$5,932	$23,726	$23,726		
	Pond Maintenance	$26,010	$18,579	$6,193	$24,772	$26,010		
	Stormwater Repairs & Maintenance	$10,000	$750	$0	$750	$10,000		
	Contingency	$0	$0	$0	$0	$0		
	Operating Reserve	$0	$0	$0	$0	$0		
	Transfer Out - Capital Reserve	$18,801	$18,801	$0	$18,801	$18,727		
								
	Maintenance Expenses	$78,537	$55,925	$12,125	$68,049	$78,463		
								
	Total Expenses	$183,158	$120,544	$31,339	$151,883	$183,158		
								
	Excess Revenues (Expenditures)	$0	$66,367	($31,339)	$35,028	$0		
					Net Assessments	$183,158		
				Add: Discounts (4%)	$7,632		
				Gross Assessments	$190,790		

				Total	% of	Total	Per Unit Gross	
	Product Type	EAU	Units	EAU	EAU	Assessments	Assessments	
	Commercial	1.00	96	96.00	5.65%	$10,787	$112	
	Single-Family	2.00	801	1602.00	94.35%	$180,003	$225	
	Water & Sewer Standby Fees	----	717	----	----	$139,815	$195	
				1698.00	100.00%	$330,605		

1

Bella Collina

Community Development District
General Fund Budget

Fiscal Year 2019

REVENUES:

Special Assessments

The District will levy a non-ad valorem special assessment on all taxable property within the District to fund all general operating and maintenance expenditures for the Fiscal Year.

EXPENDITURES:

Administrative:

Supervisor Fees

The Florida Statutes allows each supervisor to be paid $200 per meeting not to exceed $4,800, for the time devoted to District business and board meetings. Amount is based on 5 supervisors attending 6 Board meetings.

FICA Expense

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

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 2004 Special Assessment Revenue 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.

Arbitrage

The District had contracted with an independent certified public accountant, to annually calculate the District’s Arbitrage Rebate Liability on the Series 2004 Special Assessment Bonds. The District hired Grau & Associates to calculate the rebate liability and submit a report to the District.

2

Bella Collina

Community Development District
General Fund Budget

Fiscal Year 2019

Collection Agent

These are expenses related to administering the Annual Assessments on the tax roll with the Lake County Tax Collector.

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.

Information Technology

Represents costs related to the District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.
.
Telephone
Telephone and fax machine.

Postage

Mailing of board meeting agenda packages, overnight deliveries, agreements, vendor checks and any other required correspondence.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Insurance

The District’s general liability and public officials’ liability insurance coverage is provided by Florida Insurance Alliance.

3

Bella Collina

Community Development District
General Fund Budget

Fiscal Year 2019

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 fiscal year.

Office Supplies

The District incurs charges for supplies that need to be purchased during the fiscal year, including copier and printer toner cartridges, paper, file folders, binders for District records and other such office supplies.

Tax Collector Fee

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

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Department of Economic Opportunity of $175. This is the only expense under this category for the District.

MAINTENANCE:

Field Management

The District currently has a contract with Governmental Management Services – Central Florida, LLC. to provide field management services. Services include site inspections of the dry ponds, meeting with contractors as needed, attend Board meetings, and receive and respond to property owner phone calls and or emails.

Pond Maintenance

Contracted yearly cost to maintain the District’ s dry ponds.

Description	Monthly	Annually	
The Club at Bella Collina	$2,167	$26,010	
TOTAL		$26,010	

Stormwater Repairs & Maintenance

Represents estimated costs for storm structure maintenance, dry pond erosion repairs & pipe repairs and maintenance.

4

Bella Collina

Community Development District
General Fund Budget

Fiscal Year 2019

Transfer Out – Capital Reserve

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

5

Bella Collina

Community Development District

Adopted Budget

Capital Reserve - General Fund

Fiscal Year 2019

		FY2018	Actual	Projected	Total	FY2019	
		Annual	thru	Next 3	Thru	Annual	
	Description	Budget	6/30/18	Months	9/30/18	Budget	
							
	Revenues						
	Transfer In	$18,801	$18,801	$0	$18,801	$18,727	
	Interest	$1,500	$4,359	$1,641	$6,000	$2,500	
	Carry Forward Surplus	$336,159	$336,523	$0	$336,523	$361,324	
							
	Total Revenues	$356,460	$359,683	$1,641	$361,324	$382,550	
	Expenditures						
	Capital Outlay	$0	$0	$0	$0	$0	
							
	Total Expenses	$0	$0	$0	$0	$0	
							
	Excess Revenues (Expenditures)	$356,460	$359,683	$1,641	$361,324	$382,550	

6

Bella Collina

Community Development District

Adopted Budget

Debt Service Series 2004 Special Assessments

Fiscal Year 2019

		FY2018	Actual	Projected	Total	FY2019	
		Annual	thru	Next 3	Thru	Annual	
	Description	Budget	6/30/18	Months	9/30/18	Budget	
							
	Revenues						
	Special Assessments	$1,547,601	$1,576,394	$0	$1,576,394	$1,547,601	
	Interest	$250	$17,270	$1,230	$18,500	$250	
	Carry Forward Surplus 1	$1,622,480	$1,639,009	$0	$1,639,009	$606,203	
							
	Total Revenue	$3,170,331	$3,232,673	$1,230	$3,233,903	$2,154,055	
	Expenditures						
	Special Call 11/01	$0	$1,000,000	$0	$1,000,000	$0	
	Interest Expense 11/01	$484,725	$484,725	$0	$484,725	$437,144	
	Principal Expense 05/01	$550,000	$550,000	$0	$550,000	$545,000	
	Interest Expense 05/01	$484,725	$455,975	$0	$455,975	$437,144	
	Special Call 05/01	$0	$105,000	$0	$105,000	$0	
	Other Debt Service Cost	$32,000	$28,840	$3,160	$32,000	$32,000	
							
	Total Expenses	$1,551,450	$2,624,540	$3,160	$2,627,700	$1,451,288	
							
	Excess Revenues (Expenditures)	$1,618,881	$608,133	($1,930)	$606,203	$702,767	
					Nov 1,2019	$421,475	
					Net Assessments	$1,547,601	
	1. Carry forward surplus is net of Reserves.				Add: Discounts (4%)	$64,483	
					Gross Assessments	$1,612,085	

			Total	% of	Total	Per Unit Gross	
Product Type	EAU	Units	EAU	EAU	Assessments	Assessments	
Commercial	1.00	96	96.00	5.65%	$91,143	$949	
Single-Family	2.00	801	1602.00	94.35%	$1,520,942	$1,899	
		897	1698.00	100.00%	$1,612,085		

7

Bella Collina

Community Development District

Series 2004 Special Assessment Bonds

Debt Service Schedule

AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
						
11/01/18	$15,205,000.00	5.750%	$0.00	$437,143.75	$437,143.75	
05/01/19	$15,205,000.00	5.750%	$545,000.00	$437,143.75		
11/01/19	$14,660,000.00	5.750%	$0.00	$421,475.00	$1,403,618.75	
05/01/20	$14,660,000.00	5.750%	$575,000.00	$421,475.00		
11/01/20	$14,085,000.00	5.750%	$0.00	$404,943.75	$1,401,418.75	
05/01/21	$14,085,000.00	5.750%	$610,000.00	$404,943.75		
11/01/21	$13,475,000.00	5.750%	$0.00	$387,406.25	$1,402,350.00	
05/01/22	$13,475,000.00	5.750%	$645,000.00	$387,406.25		
11/01/22	$12,830,000.00	5.750%	$0.00	$368,862.50	$1,401,268.75	
05/01/23	$12,830,000.00	5.750%	$685,000.00	$368,862.50		
11/01/23	$12,145,000.00	5.750%	$0.00	$349,168.75	$1,403,031.25	
05/01/24	$12,145,000.00	5.750%	$725,000.00	$349,168.75		
11/01/24	$11,420,000.00	5.750%	$0.00	$328,325.00	$1,402,493.75	
05/01/25	$11,420,000.00	5.750%	$765,000.00	$328,325.00		
11/01/25	$10,655,000.00	5.750%	$0.00	$306,331.25	$1,399,656.25	
05/01/26	$10,655,000.00	5.750%	$810,000.00	$306,331.25		
11/01/26	$9,845,000.00	5.750%	$0.00	$283,043.75	$1,399,375.00	
05/01/27	$9,845,000.00	5.750%	$860,000.00	$283,043.75		
11/01/27	$8,985,000.00	5.750%	$0.00	$258,318.75	$1,401,362.50	
05/01/28	$8,985,000.00	5.750%	$910,000.00	$258,318.75		
11/01/28	$8,075,000.00	5.750%	$0.00	$232,156.25	$1,400,475.00	
05/01/29	$8,075,000.00	5.750%	$965,000.00	$232,156.25		
11/01/29	$7,110,000.00	5.750%	$0.00	$204,412.50	$1,401,568.75	
05/01/30	$7,110,000.00	5.750%	$1,020,000.00	$204,412.50		
11/01/30	$6,090,000.00	5.750%	$0.00	$175,087.50	$1,399,500.00	
05/01/31	$6,090,000.00	5.750%	$1,085,000.00	$175,087.50		
11/01/31	$5,005,000.00	5.750%	$0.00	$143,893.75	$1,403,981.25	
05/01/32	$5,005,000.00	5.750%	$1,145,000.00	$143,893.75		
11/01/32	$3,860,000.00	5.750%	$0.00	$110,975.00	$1,399,868.75	
05/01/33	$3,860,000.00	5.750%	$1,215,000.00	$110,975.00		
11/01/33	$2,645,000.00	5.750%	$0.00	$76,043.75	$1,402,018.75	
05/01/34	$2,645,000.00	5.750%	$1,285,000.00	$76,043.75		
11/01/34	$1,360,000.00	5.750%	$0.00	$39,100.00	$1,400,143.75	
05/01/35	$1,360,000.00	5.750%	$1,360,000.00	$39,100.00	$1,399,100.00	
			$15,205,000.00	$9,053,375.00	$24,258,375.00	

8

Bella Collina

Community Development District

Adopted Budget

Water & Sewer

Fiscal Year 2019

		FY2018	Actual	Projected	Total	FY2019	
		Annual	thru	Next 3	Thru	Annual	
	Description	Budget	6/30/18	Months	9/30/18	Budget	
							
	Revenues						
	Water Utility Revenue						
	Monthly Potable Water & Irrigation Consumption	$275,000	$257,141	$68,144	$325,285	$300,000	
	Monthly Wastewater Consumption	$35,000	$29,677	$10,003	$39,680	$40,000	
	Special Assessments	$135,907	$137,983	$0	$137,983	$134,222	
	Application Fees	$0	$750	$100	$850	$0	
	Meter Fees	$0	$21,815	$1,400	$23,215	$0	
	Grinder Pump Fees	$0	$33,292	$4,756	$38,048	$0	
	Miscellaneous Revenue	$500	($1,984)	$250	($1,734)	$500	
	Interest	$150	$953	$252	$1,205	$150	
	Carry Forward Surplus	$0	$0	$0	$0	$24,800	
							
	Total Revenues	$446,557	$479,626	$84,905	$564,531	$499,672	
	Expenditures						
	Administrative						
	Engineering Fees	$15,200	$47,947	$7,053	$55,000	$40,000	
	Attorney Fees	$15,500	$0	$2,500	$2,500	$15,500	
	Trustee Fees	$4,000	$0	$4,000	$4,000	$4,000	
	Arbitrage	$600	$0	$600	$600	$600	
	Dissemination	$3,000	$2,250	$750	$3,000	$3,000	
	Annual Audit	$1,613	$1,613	$0	$1,613	$1,688	
	Management Fees	$12,649	$9,487	$3,162	$12,649	$12,649	
	Tax Collector Fee	$2,996	$2,498	$498	$2,996	$2,996	
	Other Current Charges	$200	$222	$78	$300	$350	
	Dues, Licenses & Subscriptions	$5,300	$3,000	$2,250	$5,250	$5,300	
							
	Total Administrative	$61,058	$67,016	$20,891	$87,907	$86,083	
	Operations						
	Field Management	$12,000	$9,000	$3,000	$12,000	$12,000	
	Electricity	$40,000	$28,695	$9,715	$38,410	$40,000	
	Telephone	$4,500	$2,790	$925	$3,715	$4,500	
	Trash Removal	$1,800	$1,416	$484	$1,900	$2,100	
	Insurance	$18,750	$16,968	$0	$16,968	$18,750	
	Grinder Pump	$0	$60,444	$4,250	$64,694	$0	
	Repairs & Maintenance	$80,000	$63,913	$16,087	$80,000	$80,000	
	Water Plant Services (General Utilities)	$42,407	$24,440	$10,560	$35,000	$42,000	
	Wastewater Plant Services (General Utilities)	$96,500	$51,280	$19,230	$70,510	$85,000	
	Sludge Disposal	$6,000	$2,296	$0	$2,296	$6,000	
	Contractual Services (Utility Technicians)	$10,000	$6,232	$2,228	$8,460	$10,000	
	Fuel Expense	$4,575	$2,997	$0	$2,997	$4,575	
	Landscape Maintenance	$8,000	$5,421	$1,807	$7,228	$8,000	
	Pond Maintenance	$1,200	$819	$273	$1,092	$1,200	
	Wastewater Testing & Analysis	$21,000	$13,806	$7,194	$21,000	$25,000	
	Operating Systems Maintenance	$6,500	$2,790	$1,230	$4,020	$6,500	
	Generator Maintenance	$3,500	$1,226	$1,274	$2,500	$3,500	
	Lighting	$15,000	$0	$5,000	$5,000	$15,000	
	New Meter Install	$0	$4,550	$0	$4,550	$0	
	Contingency	$0	$0	$0	$0	$0	
	Operating Reserve	$0	$0	$0	$0	$0	
	Transfer Out - Capital Reserve	$13,767	$13,767	$0	$13,767	$49,465	
							
	Total Operations	$385,499	$312,850	$83,257	$396,107	$413,590	
							
	Total Expenditures	$446,557	$379,866	$104,148	$484,014	$499,673	
							
	Excess Revenues (Expenditures)	$0	$99,760	($19,243)	$80,517	($0)	
	Non Operating Revenues/(Expenditures)						
	AFPI Fees - Water	$0	$7,021	$1,003	$8,024	$0	
	AFPI Fees - Sewer	$0	$3,703	$529	$4,232	$0	
	Connection Fees - Water	$0	$38,745	$5,535	$44,280	$0	
	Connection Fees - Sewer	$0	$20,440	$2,920	$23,360	$0	
	Principal Expense	$0	($181,749)	$0	($181,749)	$0	
							
	Total Non Operating Revenues/(Expenditures)	$0	($111,840)	$9,987	($101,853)	$0	
				NET SPECIAL ASSESSMENTS	$134,222	
				ADD: DISCOUNTS (4%)	$5,593	
				GROSS SPECIAL ASSESSMENTS	$139,815	
				UNDEVELOPED LOTS	717	
				PER LOT SPECIAL ASSESSMENTS	$195	

9

Bella Collina

Community Development District
Water & Sewer Budget

Fiscal Year 2019

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.

10

Bella Collina

Community Development District
Water & Sewer Budget

Fiscal Year 2019

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.

11

Bella Collina

Community Development District
Water & Sewer Budget

Fiscal Year 2019

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	$157	$1,888	
Contingency		$212	
TOTAL		$2,100	

12

Bella Collina

Community Development District
Water & Sewer Budget

Fiscal Year 2019

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.

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.

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	

13

Bella Collina

Community Development District
Water & Sewer Budget

Fiscal Year 2019

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’s Capital Reserve for any capital outlay expenses.

14

Bella Collina

Community Development District

Adopted Budget

Capital Reserve - Water & Sewer Fund

Fiscal Year 2019

		FY2018	Actual	Projected	Total	FY2019	
		Annual	thru	Next 3	Thru	Annual	
	Description	Budget	6/30/18	Months	9/30/18	Budget	
							
	Revenues						
	Transfer In	$13,767	$13,767	$0	$13,767	$49,465	
	Interest	$1,000	$2,732	$768	$3,500	$1,000	
	Carry Forward Surplus	$412,050	$498,602	$0	$498,602	$462,870	
							
	Total Revenues	$426,817	$515,102	$768	$515,870	$513,335	
	Expenditures						
	Capital Outlay	$53,000	$11,218	$41,782	$53,000	$419,000	
							
	Total Expenses	$53,000	$11,218	$41,782	$53,000	$419,000	
							
	Excess Revenues (Expenditures)	$373,817	$503,884	($41,014)	$462,870	$94,335	
							
		FY18 Projected Expenses			Amount		
		Clarifier - Sewer			$31,000		
		RAS Pump Replacement			$22,000		
							
		Total			$53,000		
							
		FY19 Projected Expenses			Amount		
		Sewer - Influent Sampler			$6,000		
		Water - Chlorine Analyzer Replacement - Pine Island & Hillcrest	$6,000		
		Water - High Service Pump Rebuilds/Replacement - Pine Island	$15,000		
		Sewer - PLC Replacement	(Labor & Supplies)		$34,000		
		Water - PLC Replacement - Pine Island * Hillcrest		$78,000		
		Water - Well Repair/Rebuild - Pine Island		$130,000		
		Water - Well Repair/Rebuild - Hillcrest		$150,000		
							
		Total			$419,000		

15

Bella Collina

Community Development District

Series 2016 Utility System Capital Appreciation Bonds

Debt Service Schedule

AMORTIZATION SCHEDULE

			COMPOUNDED			ACCRETED	TOTAL BOND	
DATE	RATE	PRINCIPAL	INTEREST	DEBT SERVICE	BOND BALANCE	INTEREST	VALUE	
11/01/17					$1,241,150.20		$1,241,150.20	
05/01/18					$1,241,150.20	$32,900.20	$1,274,050.40	
11/01/18					$1,241,150.20	$66,659.60	$1,307,809.80	
05/01/19					$1,241,150.20	$101,314.00	$1,342,464.20	
11/01/19					$1,241,150.20	$136,881.30	$1,378,031.50	
05/01/20					$1,241,150.20	$173,397.30	$1,414,547.50	
11/01/20					$1,241,150.20	$210,897.80	$1,452,048.00	
05/01/21					$1,241,150.20	$249,364.90	$1,490,515.10	
11/01/21					$1,241,150.20	$288,870.20	$1,530,020.40	
05/01/22					$1,241,150.20	$329,413.70	$1,570,563.90	
11/01/22					$1,241,150.20	$371,031.20	$1,612,181.40	
05/01/23					$1,241,150.20	$413,758.50	$1,654,908.70	
11/01/23					$1,241,150.20	$457,613.50	$1,698,763.70	
05/01/24					$1,241,150.20	$502,632.00	$1,743,782.20	
11/01/24	5.300%	$1,241,150.20	$548,849.80	$1,790,000.00				
								
		$1,241,150.20	$548,849.80	$1,790,000.00				

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