Final Budget

Fiscal Year 2016

August 21, 2015

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Community Development District

TABLE OF CONTENTS

General Fund

Budget	Page 1-2

Water and Sewer Fund

Budget	Page 3-5

Bridge Fund

Budget	Page 6-7

Additional Documents

Capital Improvements List	Page 8-9

General Fund Assessment Summary	Page 10

Utilities Revenue Projections	Page 11-12

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Community Development District												General Fund	
															
				Actuals		Adopted		Actual		Projected		Total		Proposed	
				thru		Budget		Thru		Next		Projected		Budget	
Expense Code	Description	9/30/2014		FY 2015	5/31/2015		4 Months	9/30/2015		FY 2016	
REVENUES														
001.300.31900.10000	Maintenance Assessments	$254,417	$200,000	$195,304	$4,673	$199,977	$167,000	
001.300.36100.11000	Interest Income	$272	$0	$161	$104	$265	$0	
		Carryforward Surplus	$75,216	$0	$0	$0	$0	$0	
001.300.38100.10000	Transfer from Water & Sewer Fund Surplus Account	$0	$65,000	$65,000	$0	$65,000	$80,000	
001.300.38100.10000	Transfer from Bridge Fund Surplus Account	$0	$70,000	$70,000	$0	$70,000	$93,000	
															
	TOTAL REVENUES			$329,905		$335,000		$330,466		$4,777		$335,243		$340,000	
EXPENDITURES														
	Administrative														
001.310.51300.11000	Supervisor Fees	$10,800	$14,000	$8,200	$4,000	$12,200	$14,000	
001.310.51300.21000	FICA Expense	$826	$1,070	$627	$306	$933	$1,071	
001.310.51300.31100	Engineering	$0	$7,500	$0	$2,500	$2,500	$5,000	
001.310.51300.31500	Attorney	$7,759	$10,000	$3,740	$1,869.91	$5,610	$10,000	
001.310.51300.32000	Collection Fees, Uncollectable & Early Payment Discount	$13,412	$14,000	$10,378	$93	$10,472	$12,000	
001.310.51300.32200	Annual Audit	$3,800	$4,000	$3,900	$0	$3,900	$4,000	
001.310.51300.34000	Management Fees	$10,000	$10,000	$6,667	$3,333.32	$10,000	$10,000	
001.310.51300.35100	Computer Time	$1,000	$1,000	$667	$333.32	$1,000	$1,000	
001.310.51300.40000	Travel Expenses	$913	$2,400	$0	$858	$858	$2,400	
001.310.51300.42000	Postage & Express Mail	$2,572	$2,500	$1,857	$928.46	$2,785	$2,750	
001.310.51300.42500	Printing	$1,694	$2,000	$984	$492	$1,477	$2,000	
001.310.51300.45000	Insurance	$10,772	$13,000	$10,447	$0	$10,447	$12,000	
001.310.51300.48000	Advertising Legal & Other	$324	$1,500	$224	$750	$974	$1,500	
001.310.51300.49000	Bank Charges	$294	$750	$259	$129.71	$389	$500	
001.310.51300.49100	Contingencies	$3,858	$4,000	$1,436	$718.15	$2,154	$4,000	
001.310.51300.51000	Office Supplies	$561	$2,000	$201	$101	$302	$2,000	
001.310.51300.54000	Dues (FSDA), Licenses & Subscriptions	$175	$2,500	$375	$2,125	$2,500	$2,500	
001.320.53800.12000	Salaries	$86,716	$85,156	$59,975	$26,201.85	$86,176	$89,585	
001.320.53800.21000	FICA Taxes	$7,219	$6,514	$5,356	$2,004	$7,361	$7,676	
001.320.53800.22000	Pension Expense	$5,203	$5,109	$2,572	$2,873	$5,445	$5,375	
001.320.53800.23000	Health Insurance Benefits	$10,000	$10,500	$5,036	$2,010	$7,046	$8,903	
001.320.53800.24000	Workers Comp Insurance	$1,402	$2,200	$871	$286	$1,157	$1,440	
001.320.53800.64000	Capital Improvements (See Capital Improvements List)	$12,575	$15,000	$10,842	$4,158	$15,000	$15,000	
															
	Administrative			$191,877		$216,700		$134,616		$56,072		$190,688		$214,700	
	(Less Contribution from Transfer and Interest)		($52,458)		($92,000)								($115,000)	
	Total Administrative Raised From Assessment		$139,419		$124,700								$99,700	

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Community Development District																	General Fund	
																			
					Actuals				Adopted		Actual		Projected		Total		Proposed	
					thru				Budget		Thru		Next		Projected		Budget	
Expense Code	Description	9/30/2014					FY 2015	5/31/2015		4 Months	9/30/2015		FY 2016	
General & Stormwater System Maintenance																		
001.320.53800.43000	Electric (7 Aerators)	$14,440		$15,000	$9,605	$300	$9,905	$15,000	
001.320.53800.46000	Building Maintenance	$12,566		$12,000	$7,925	$248	$8,173	$12,000	
001.320.53800.46200	Landscaping	$14,440		$15,000	$16,202	$506	$16,709	$24,000	
001.320.53800.46300	Tree & Shrub Removal	$300		$10,000	$0	$10,000	$10,000	$10,000	
001.320.53800.46500	Lake Maintenance	$27,948		$25,000	$22,805	$713	$23,518	$26,000	
001.320.53800.46700	Storm Drain System Maintenance	$5,603		$20,000	$1,550	$18,450	$20,000	$20,000	
001.320.53800.64000	Capital Improvements	$0		$3,000	$0	$3,000	$3,000	$0	
001.320.53800.49300	Repair and Replacement Equipment	$394		$5,000	$0	$5,000	$5,000	$5,000	
001.320.53800.49200	Repair and Replacement Floating Aerators	$0		$10,300	$387	$9,913	$10,300	$10,300	
001.320.53800.52100	Grass Carp	$0		$3,000	$0	$3,000	$3,000	$3,000	
																		
General & Stormwater System Maintenance		$75,690			$118,300		$58,474		$51,130		$109,604		$125,300	
(Less Contribution from Transfer and Interest)	($23,058)		($43,000)								($58,000)	
General & Stormwater System Maintenance From Assessment			$52,632				$75,300								$67,300	
														
TOTAL EXPENDITURES		$267,567			$335,000		$193,090		$107,202		$300,292		$340,000	
												
TOTAL EXPENDITURES RAISED FROM ASSESSMENT			$192,051				$200,000								$167,000	
															
FUND BALANCE		$62,338		$0	$137,376	($102,425)	$34,950	$0	

BUDGET HIGHLIGHTS FY 2016

1.	Assessments will be reduced from last years level with added funds coming from transfers from W & S Fund and Bridge Fund.

2.	Payroll includes an average 3% increase over FY 2015 Budget.

3.	Capital Improvements to be made to the DCDD's computer system security and a new copier.

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Community Development District										Water and Sewer Fund	
														
			Actuals		Adopted		Actual		Projected		Total		Proposed	
			thru		Budget		Thru		Next		Projected		Budget	
Expense Code	Description	9/30/2014		FY 2015	5/31/2015		4 Months	9/30/2015		FY 2016	
OPERATING REVENUES														
041.300.34300.30000	Water Revenue	$1,140,016	$1,112,455	$796,323	$398,161	$1,194,484	$1,129,992	
041.300.34300.50000	Sewer Revenue	$917,300	$960,617	$646,065	$323,032	$969,097	$986,960	
041.300.34300.76000	Irrigation/Effluent	$1,201,852	$1,127,902	$757,255	$378,628	$1,135,883	$1,133,853	
041.300.34300.10000	Meter Fees	$24,140	$8,000	$22,740	$0	$22,740	$8,000	
041.300.34300.10100	Connection Fees - W, S & I (8 units)	$32,500	$36,000	$16,140	$0	$16,140	$36,000	
041.300.36900.10000	CPC Effluent Agreement	$0	$40	$0	$0	$0	$40	
041.300.34900.10200	Backflow Preventor/Misc.	$1,155	$100	$945	$0	$945	$100	
041.300.36900.10000	Misc. Income / Penalty	$13,744	$3,000	$8,533	$4,267	$12,800	$3,000	
														
TOTAL REVENUES		$3,330,707	$3,248,114	$2,248,001	$1,104,088	$3,352,089	$3,297,945	
OPERATING EXPENSES														
Administrative														
041.310.51300.31100	Engineering	$0	$25,000	$0	$5,000	$5,000	$25,000	
041.310.51300.31500	Attorney	$2,413	$25,000	$10,192	$5,096	$15,287	$25,000	
041.310.51300.32200	Annual Audit	$8,550	$9,000	$8,775	$0	$8,775	$9,000	
041.310.51300.34000	Management Fees	$19,000	$19,000	$12,667	$6,333	$19,000	$19,000	
041.310.51300.40000	Travel Expenses	$14,854	$15,000	$10,123	$5,061	$15,184	$15,000	
041.310.51300.42000	Postage & Express Mail	$4,403	$8,000	$2,545	$1,273	$3,818	$6,000	
041.310.51300.42500	Printing & Mailing Utility Bills	$15,321	$17,500	$10,121	$5,061	$15,182	$17,500	
041.310.51300.48000	Advertising Legal & Other	$3,385	$2,500	$417	$208	$625	$2,500	
041.310.51300.49000	Bank Charges	$9,319	$9,000	$6,433	$3,217	$9,650	$9,000	
041.310.51300.49100	Contingencies	$14,529	$20,000	$7,162	$12,838	$20,000	$20,000	
041.310.51300.51000	Office Supplies and Equipment	$12,615	$15,000	$7,963	$3,982	$11,945	$15,000	
041.310.51300.54000	Dues, Licenses & Subscriptions	$4,454	$6,000	$4,788	$1,212	$6,000	$6,000	
041.310.51300.54200	Permits Fees WTP & WWTP	$9,600	$15,000	$5,500	$9,500	$15,000	$15,000	
041.310.51300.55000	Land Leases & Easement Fees	$10,634	$11,500	$0	$11,500	$11,500	$12,000	
041.310.53600.12000	Salaries Including Overtime	$619,028	$618,718	$440,098	$190,374.77	$630,473	$669,633	
041.310.53600.21000	FICA Taxes	$51,938	$50,108	$38,916	$14,564	$53,480	$57,232	
041.310.53600.22000	Pension Plan	$35,776	$36,283	$18,173	$20,952	$39,125	$39,249	
041.310.53600.23000	Insurance Benefits (Medical)	$115,624	$125,850	$86,324	$40,902	$127,226	$134,400	
041.310.53600.24000	Workers Compensation Insurance	$14,015	$16,246	$8,711	$2,864	$11,575	$14,400	
041.310.53600.25000	Unemployment Benefits	$0	$5,000	$0	$0	$0	$5,000	
041.310.53600.32480	Bad Debt Expense	$0	$0	$103	$0	$103	$0	
041.310.53600.41000	Telephone	$16,525	$15,000	$11,216	$5,608	$16,823	$17,000	
041.310.53600.44000	Equipment Rentals & Leases	$4,489	$4,000	$3,028	$1,514	$4,542	$4,000	
041.310.53600.45000	Insurance	$70,204	$78,000	$68,079	$0	$68,079	$78,000	
041.310.53600.46100	Repair and Maintenance for Vehicles	$3,186	$5,000	$7,166	$3,583	$10,750	$8,000	
041.310.53600.52000	Supplies/Equipment General	$3,839	$4,000	$1,231	$615	$1,846	$4,000	
041.310.53600.52055	Uniforms/Supplies/Services	$8,325	$7,000	$3,358	$1,679	$5,037	$7,000	
041.310.53600.52100	Fuel for Vehicles	$10,797	$12,000	$4,149	$2,074	$6,223	$8,000	
041.310.53600.52000	Tools	$3,347	$3,000	$1,848	$924	$2,772	$3,000	
041.310.53600.54100	Training & Education	$4,573	$10,000	$4,640	$2,320	$6,960	$8,000	

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Community Development District										Water and Sewer Fund	
														
			Actuals		Adopted		Actual		Projected		Total		Proposed	
			thru		Budget		Thru		Next		Projected		Budget	
Expense Code	Description		9/30/2014		FY 2015		5/31/2015		4 Months		9/30/2015		FY 2016	
														
Administrative			$1,090,741		$1,187,705		$783,727		$358,255		$1,141,981		$1,252,914	

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Community Development District										Water and Sewer Fund	
														
			Actuals		Adopted		Actual		Projected		Total		Proposed	
			thru		Budget		Thru		Next		Projected		Budget	
Expense Code	Description	9/30/2014		FY 2015	5/31/2015		4 Months	9/30/2015		FY 2016	
Water System														
041.320.53600.34800	Water Quality Testing	$21,228	$20,000	$7,062	$3,531	$10,593	$20,000	
041.320.53600.43000	Electric	$83,528	$90,000	$62,233	$31,117	$93,350	$90,000	
041.320.53600.43100	Bulk Water Purchases	$242	$10,000	$39,342	$19,671	$59,013	$10,000	
041.320.53600.44000	Equipment Rentals & Leases	$0	$1,000	$392	$196	$588	$1,000	
041.320.53600.46000	Plant Maintenance Repair and Equipment	$48,647	$65,000	$40,970	$20,485	$61,454	$65,000	
041.320.53600.46050	Distribution System Maintenance Repair and Equipment	$16,048	$20,000	$18,398	$9,199	$27,597	$20,000	
041.320.53600.52000	Plant Operating Supplies	$19,376	$15,000	$5,479	$2,739	$8,218	$15,000	
041.320.53600.52200	Chlorine & Other Chemicals	$99,045	$140,000	$79,165	$39,583	$118,748	$160,000	
041.320.53600.61000	Meters New & Replacement	$12,182	$15,000	$5,892	$2,946	$8,838	$15,000	
														
Water System		$300,295	$376,000	$258,933	$129,467	$388,400	$396,000	
Sewer System														
041.330.53600.34800	Water Quality Testing	$19,956	$20,000	$6,745	$3,373	$10,118	$20,000	
041.330.53600.34900	Sludge Disposal	$23,067	$15,000	$19,350	$9,675	$29,025	$15,000	
041.330.53600.43000	Electric	$42,281	$45,000	$28,701	$14,351	$43,052	$45,000	
041.330.53600.44000	Equipment Rentals & Leases	$0	$3,000	$343	$171	$514	$3,000	
041.330.53600.46000	Plant Maintenance Repair and Equipment	$32,814	$50,000	$40,288	$20,144	$60,432	$50,000	
041.330.53600.46050	Collection System Maintenance Repair and Equipment	$7,440	$20,000	$3,125	$1,563	$4,688	$20,000	
041.330.53600.46075	Lift Station Repair and Maintenance	$25,610	$35,000	$33,770	$16,885	$50,655	$35,000	
041.330.53600.52000	Plant Operating Supplies	$14,534	$15,000	$3,146	$1,573	$4,719	$15,000	
041.330.53600.52200	Chlorine & Other Chemicals	$34,795	$35,000	$9,812	$4,906	$14,718	$35,000	
														
Sewer System		$200,497	$238,000	$145,280	$72,640	$217,919	$238,000	
Irrigation System														
041.340.53600.34800	Water Quality Testing	$0	$5,000	$0	$2,500	$2,500	$5,000	
041.340.53600.43000	Electric	$36,532	$30,000	$24,194	$12,097	$36,290	$36,000	
041.340.53600.43300	Effluent (Reclaimed Water) Purchases	$158,694	$135,000	$83,835	$41,917	$125,752	$135,000	
041.340.53600.44000	Equipment Rentals & Leases	$0	$1,000	$343	$171	$514	$1,000	
041.340.53600.46000	Plant Maintenance Repair and Equipment	$53,341	$40,000	$19,226	$9,613	$28,838	$40,000	
041.340.53600.46050	Distribution System Maintenance Repair and Equipment	$9,795	$20,000	$9,451	$4,726	$14,177	$20,000	
041.340.53600.61000	Meters New & Replacement	$11,659	$10,000	$1,036	$518	$1,554	$10,000	
														
Irrigation System			$270,021		$241,000		$138,084		$71,542		$209,625		$247,000	

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Community Development District										Water and Sewer Fund	
														
			Actuals		Adopted		Actual		Projected		Total		Proposed	
			thru		Budget		Thru		Next		Projected		Budget	
Expense Code	Description	9/30/2014		FY 2015	5/31/2015		4 Months	9/30/2015		FY 2016	
Contribution to Reserves & General Fund													
041.310.51300.63100	Renewal and Replacement	$0	$40,000	$39,423	$0	$39,423	$200,000	
											
Contribution to Reserves	$0	$40,000		$39,423		$0		$39,423		$200,000	
													
TOTAL OPERATING EXPENSES	$1,861,554	$2,082,705	$1,365,445	$631,903	$1,997,348	$2,333,914	
Non-Operating Revenue (Expenses)													
041.300.22300.10000	Connection Fees - W/S	$0	($28,000)	$0	$0	$0	$0	
041.300.36900.10200	Non Operating Revenue - Capital Expansion	$0	$700,000	$0	$700,000	$700,000	$0	
041.300.33700.30000	Grant Income	$60,086	$800,000	$556,315	$243,685	$800,000	$0	
041.300.36100.10000	Interest Income	$12,135	$20,000	$9,283	$5,024	$14,307	$20,000	
041.310.51300.64000	Capital Improvements (See Capital Improvements List)	($566,481)	($2,540,500)	($1,780,450)	($760,050)	($2,540,500)	($849,000)	
041.310.51300.64001	Contribution to Capital Facilities Reserves	($275,000)	$0	$0	$0	$0	$0	
041.300.58100.10000	Contribution to General Fund	$0	($65,000)	($65,000)	$0	($65,000)	($80,000)	
													
Non-Operating Revenue (Expenses)		($769,260)		($1,113,500)		($1,279,852)		$188,659		($1,091,193)		($909,000)	
														
NET INCOME		$699,893	$51,909	($397,297)	$660,844	$263,548	$55,031	

BUDGET HIGHLIGHTS FY 2016

1.	Payroll includes an average 3% increase over FY 2015 Budget.

2.	See Capital Improvements List.

3.Transfer $80,000 from W & S Fund Suprlus to General Fund per Opinion of Counsel and Grau's letter.

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Community Development District												Bridge Fund	
														
			Actuals		Adopted		Actual		Projected		Total		Proposed	
			thru		Budget		Thru		Next		Projected		Budget	
Expense Code	Description	9/30/2014		FY 2015	5/31/2015		4 Months	9/30/2015		FY 2016	
OPERATING REVENUES														
042.300.34900.10000	Toll Collections	$1,504,122	$1,387,000	$1,005,622	$502,811	$1,508,433	$1,539,000	
042.300.36900.10000	Miscellaneous	$15,900	$5,000	$0	$0	$0	$5,000	
														
TOTAL REVENUES		$1,520,022	$1,392,000	$1,005,622	$502,811	$1,508,433	$1,544,000	
OPERATING EXPENSES														
Administrative														
042.310.51300.31100	Engineering	$2,625	$5,000	$1,905	$953	$2,858	$5,000	
042.310.51300.31500	Attorney	$2,544	$15,000	$3,536	$1,768	$5,304	$10,000	
042.310.51300.32200	Annual Audit	$6,650	$7,000	$6,825	$0	$6,825	$7,000	
042.310.51300.34000	Management Fees	$17,000	$17,000	$11,333	$5,667	$17,000	$17,000	
042.310.51300.49000	Bank Charges	$3,220	$3,000	$2,501	$1,250	$3,751	$3,000	
042.310.51300.49100	Contingencies	$3,792	$5,000	$95	$4,905	$5,000	$5,000	
														
Administrative		$35,830	$52,000	$26,195	$14,543	$40,738	$47,000	
Operating Expenses - Toll Facility													
042.320.54900.12000	Salaries	$312,760	$311,168	$220,470	$95,744	$316,214	$340,258	
042.320.54900.15000	Overtime and Special Pay	$2,270	$3,500	$2,280	$0	$2,280	$11,620	
042.320.54900.21000	FICA Taxes	$25,490	$25,045	$18,684	$7,324	$26,009	$28,939	
042.320.54900.22000	Pension Plan	$12,179	$12,719	$6,116	$6,632	$12,748	$13,207	
042.320.54900.23000	Insurance Benefits (Medical)	$69,224	$69,230	$43,156	$24,620	$67,776	$77,200	
042.320.54900.24000	Workers Compensation Insurance	$7,942	$9,206	$4,936	$1,623	$6,559	$8,160	
042.320.54900.34300	Contractual Support	$10,374	$12,000	$11,719	$0	$11,719	$12,000	
042.320.54900.34500	Payroll Processing Fee	$6,759	$6,500	$4,665	$2,332	$6,997	$6,500	
042.320.54900.34600	Credit Card Processing Fee	$13,291	$22,000	$9,534	$4,767	$14,301	$15,000	
042.320.54900.40000	Travel Expenses	$0	$1,000	$0	$1,000	$1,000	$1,000	
042.320.54900.41000	Telephone	$5,527	$5,000	$4,473	$2,236	$6,709	$5,000	
042.320.54900.42500	Printing	$3,983	$3,500	$1,389	$695	$2,084	$3,500	
042.320.54900.43000	Utility Services	$14,382	$13,000	$9,828	$4,914	$14,742	$13,000	
042.320.54900.45000	Insurance	$53,467	$60,000	$52,235	$0	$52,235	$60,000	
042.320.54900.46000	Repairs & Maintenance	$86,781	$50,000	$54,651	$0	$54,651	$50,000	
042.320.54900.46002	Repairs & Maintenance-Parkway	$0	$144,138	$60,544	$83,594	$144,138	$120,000	
042.320.54900.46100	DOT mandated Bridge Inspection (Required in 2015)	$0	$19,000	$0	$19,000	$19,000	$0	
042.320.54900.51000	Office Supplies	$3,547	$3,000	$2,230	$1,115	$3,346	$3,000	
042.320.54900.52000	Operating Supplies	$13,182	$10,000	$9,938	$4,969	$14,906	$15,000	
													
Operating Expenses - Toll Facility		$641,157		$780,006		$516,848		$260,565		$777,413		$783,384	

Page 6

Dunes

Community Development District												Bridge Fund	
															
				Actuals		Adopted		Actual		Projected		Total		Proposed	
				thru		Budget		Thru		Next		Projected		Budget	
Expense Code	Description		9/30/2014		FY 2015		5/31/2015		4 Months		9/30/2015		FY 2016	
														
	SUBTOTAL OPERATING EXPENSES	$676,987	$832,006	$543,044	$275,108	$818,151	$830,384	
	Contribution to Reserves & Community Projects													
042.320.54900.65000	Maintenance Reserves	$0	$100,000	$0	$100,000	$100,000	$100,000	
042.320.54900.64000	Community Projects Transfer from Surplus Revenues	$200,000	$200,000	$43,658	$156,342	$200,000	$200,000	
042.310.51300.60002	Parkway Capital Expenditures	$0	$50,320	$550	$49,770	$50,320	$250,000	
														
	Maintenance Reserves & Community Projects	$200,000	$350,320	$44,208	$306,112	$350,320	$550,000	
	Non Operating Revenue (Expenses)													
042.300.36100.11000	Interest Income	$16,535	$17,000	$13,009	$6,800	$19,809	$20,000	
042.320.54900.64000	Capital Improvements (New Toll System)	($197,552)	($1,000,000)	($882,578)	($117,422)	($1,000,000)	($350,000)	
042.300.38100.10000	Transfer from Surplus Funds	$410,000	$849,458	$0	$849,458	$849,458	$300,000	
042.300.38100.10000	Transfer to General Fund	$0	($70,000)	($70,000)	$0	($70,000)	($93,000)	
														
	TOTAL NON OPERATING REVENUE (EXPENSES)	$228,983	($203,542)	($939,569)	$738,836	($200,733)	($123,000)	
															
	NET INCOME		$872,018	$6,132	($521,198)	$660,427	$139,229	$40,616	

BUDGET HIGHLIGHTS FY 2016

1.	Revenues based on 1,620,000 vehicle trips (70% prepaid and 30% cash) average cost of $0.95 per trip [1,620,000]X[0.95] = $1,539,000

2.	Payroll includes an average 3% increase over FY 2015 Budget.

3.	Maintenance Reserves base on Engineering and Financial Consultant's recommendation.

4 Transfer $200,000 from Bridge Surplus for Community Projects as provided in an Interlocal Agreement with Flagler County. 5. Transfer $93,000 from Bridge Surplus Account to General Fund.

Page 7

Capital Improvements List FY 2016

Water & Sewer Budget					
Items:	Priority	Amount		
WATER					
Water Treatment Plant Expansion-Construction Completed		$0			
Water Treatment Plant Expansion-Engineering  Completed		$0			
Water Distribution System Improvements (Hammock Beach, Yacht Harbor Village)	1	$210,000			
Construction Engineering & Inspection for Distribution Project	1	$31,500			
Storage-Container Replacement Completed		$0			
High Service Pump Station Enclosure with Storage Area	1	$180,000			
WASTEWATER					
Digester Improvements (roll over to 2015) Completed		$0			
Reuse System Booster (roll over to 2015) Completed		$0			
Collection System Improvements ( 5 L.S. controllers)	1	$15,500			
Truck to Replace 2001 Dodge Pickup Completed		$0			
Chlorine Contact Chamber Rehab Completed		$0			
Engineering Design for WWTP Expansion	1	$325,000			
Trailer Mounted Vacuum and Jetter System	1	$87,000			
Subtotal Priority 1				
		$849,000	##		
WATER					
ARB Fixed Base Gateway Meter Reading	2	$146,000			
Awning for Metal Maintenance Building	2	$10,000			
WASTEWATER					
Collection System Improvements (RTUs) (roll over to 2016)	2	$138,000			
Subtotal Priority 2					
		$294,000			
Total Capital Improvements Water & Sewer Budgets FY2016					
		$1,143,000			
Bridge Budget					
					
Items:					
Maitenance on Bridge Deck and Repairs Completed		$0			
Toll Management Software/Hardware Improvement	1	$350,000			
Tree and Root Trimming and Sidewalk Repairs on Hammock Dunes Parkway	1	$250,000			
Total Capital Improvements Bridge Budget FY2016					
		$600,000			

Page 8

Capital Improvements List FY 2016

Water & Sewer Budget				
Items:	Priority	Amount		
General Fund				
Item:				
Rewire Telephone, Instrumentation and Computer Systems Between Plant Bldgs Completed		$0		
Computer Security System updrade, New Copier	1	$15,000		
Total Capital Improvements General Fund Budget FY2016				
		$15,000		
Capital Improvements FY 2016-2020				
				
Reuse System Improvements (pumping and transmission)		$780,000		
WWTP Expansion SBR 0.25 MGD,  Pretreatment Upgrade		$2,160,000		
High Service Pump Station Enclosure		$180,000		
Membrane Replacement		$250,000		
Total Capital Improvements FY 2016-2020				
		$3,190,000		

Only Priority 1 items included in budgets and any additional Capital Improvements must be funded from surplus

Carryover from previous years budget or carry forward to future year

Completed Projects

Page 9

DUNES COMMUNITY DEVELOPMENT DISTRICT

GENERAL FUND BUDGET ASSESSMENT SUMMARY

FY 2016

COUNTY TAX YEAR 2015

	PHASE	$					
MAINTENANCE ASSESSMENT		167,000					
INTEREST INCOME		0					
TRANSFERS APPLIED TO ADMINISTRATION EXPENSE		115,000					
TRANSFERS APPLIED TO MAINTENANCE EXPENSE		58,000					
TOTAL REVENUES							
		340,000					
							
SUBTOTAL ADMIN. EXPENDITURES	ALL	214,700					
PHASE 1 & 2 MAINTENANCE EXPENSES	PH 1&2	125,300					
PHASE 3 MAINTENANCE EXPENSES	PH 3	0					
							
SUBTOTAL MAINTENANCE EXPENDITURES		125,300					
TOTAL EXPENDITURES							
		340,000					
							
NET INCOME		0					
							
TOTAL ADMIN EXP FROM ASSESSMENT (less surplus)	ALL	99,700					
TOTAL MAINT EXP FROM ASSESSMENT (less surplus & interest)	PH 1&2	67,300					
TOTAL ASSESSMENT		167,000					
							
EXPENDITURES AS % OF GROSS LEVY		49.12%					
							
				2016	2015		
		UNITS	DOLLARS	$/UNIT	$/UNIT		
ADMINISTRATIVE ASSESSMENT PER UNIT- ALL UNITS-		3437	$99,700	$29.01	$36.27		
PHASE I & II MAINTENANCE ASSESSMENT PER UNIT		3098	$67,300	$21.72	$24.31		
PHASE III MAINTENANCE ASSESSMENT PER UNIT		339	$0	$0.00	$0.00		
TOIL EXPENSES			$167,000	$50.73	60.59		
							
PHASE 1 TOTAL PER UNIT/LOT/ACRE				$50.73	$60.59		
PHASE 2 TOTAL PER UNIT/LOT/ACRE				$50.73	$60.59		
PHASE 3 TOTAL PER UNIT/LOT/ACRE				$29.01	$36.28		
							
			ACTUAL $				
			ASSESSMENT				
ADMINISTRATIVE ASSESSMENT PER UNIT ALL PHASES ($29.01 X 3437)		$99,707				
MAINTENANCE ASSESSMENT PER UNIT PHASES 1&2 ONLY ($21.72 X 3098)		$67,289				
TOTAL ACTUAL ASSESSMENT			$166,996				

Dunes Budget FY 2016 Final B  9/28/2015	Page 10

DUNES COMMUNITY DEVELOPMENT DISTRICT BUDGET REVENUE PROJECTIONS

BASED ON NUMBER OF ACCOUNTS AND ACTUAL METERED QUANTITIES FROM AUGUST 1, 2014 - JULY 31, 2015 FOR BUDGET FY YEAR 2016
							Revenue								
			Average				producing		Commodity	Monthly	Monthly	Total	Total		
			daily usage	# of acc'ts	2015-2016		2015-2016	AC/acct	Charge	AC	Commodity	Monthly	Gallons		
PHASE I & PHASE II	(gpd)	JuL 31, 2015	additions	accounts	per mo	per 1000 gal	Revenue	Revenue	Revenue	Per Day		
I P01	POT IRRIGATION 5/8	446	6			6	$62.48	$2.42	$375	$194	$569	2,677		
I P02	POT IRRIGATION 1"	0	0			0	$156.20	$2.42	$0	$0	$0	0		
I P03	POT IRRIGATION 1.5"	1,206	5			5	$312.40	$2.42	$1,562	$438	$2,000	6,030		
I P04	POT IRRIGATION 2"	16,438	2			2	$499.84	$2.42	$1,000	$2,387	$3,387	32,877		
IPO5	POT IRRIGATION 3"	59,783	1			1	$937.20	$2.42	$937	$4,340	$5,277	59,783		
	Subtotal Potable Irrigation			14			14	Potable Irrigation	$3,874	$7,359	$11,233	101,367		
														
I 001	EFFL. IRRIGATION 5/8 SM	646	197	1		198	$21.07	$0.80	$4,172	$3,068	$7,240	127,838		
IA01	EFFL. IRRIGATION 5/8 MED	830	291	3		294	$21.07	$0.80	$6,195	$5,858	$12,053	244,102		
IB01	EFFL. IRRIGATION 3/4 LRG	2,200	153	1		154	$21.07	$0.80	$3,245	$8,133	$11,378	338,870		
I MO2	MIN. M.F./UNITS	0	152			152	$21.07	$0.80	$3,203	$0	$3,203	0		
I 002	EFFL. IRRIGATION 1"	1,241	13			13	$52.68	$0.80	$685	$387	$1,072	16,127		
I 003	EFFL. IRRIGATION 1.5"	5,079	10			10	$105.35	$0.80	$1,054	$1,219	$2,272	50,790		
I 004	EFFL. IRRIGATION 2.0"	6,600	32			32	$168.56	$0.80	$5,394	$5,069	$10,463	211,211		
I 005	EFFL. IRRIGATION 3.0"	14,074	8			8	$316.05	$0.80	$2,528	$2,702	$5,231	112,593		
I 006	EFFL. IRRIGATION 4.0"	30,441	3			3	$526.75	$0.80	$1,580	$2,192	$3,772	91,324		
I 100	EFFL. IRRIGATION HDGC	270,843	1			1	$12,595.00	$0.40	$12,595	$3,250	$15,845	270,843		
I 101	EFFL. IRRIGATION-OHGC	390,360	1			1	$2,839.40	$0.40	$2,839	$4,684	$7,524	390,360		
I 999	CONSUMPTION ONLY DCDD	19,372	1			1	$0.00			$0	$0	19,372		
	Subtotal Irrgation Acctounts		889			894	Effluent Irrigation	$47,363	$43,922	$91,285	1,974,797		
														
S M02	SEWER MIN. M.F./UNIT	0	1,290			1,290	$21.92		$28,277		$28,277	0		
S 011	SEWER RESIDENTIAL	121	1,023	5		1,028	$21.92	$2.73	$22,534	$10,202	$32,735	124,562		
S 012	SEWER RES 1"	221	16			16	$21.92	$2.73	$351	$289	$640	3,532		
S 014	SEWER RES 2"	0	0			0	$21.92	$2.73	$0	$0	$0	0		
S 015	SEWER RES 3"	0	0			0	$21.92	$2.73	$0	$0	$0	0		
S 001	SEWER NON RES	996	24			24	$21.92	$3.83	$526	$2,746	$3,272	23,897		
S 002	SEWER NON RES 1"	431	5			5	$54.80	$3.83	$274	$247	$521	2,154		
														
S 003	SEWER NON RES 1.5"	2,554	1			1	$109.60	$3.83	$110	$294	$403	2,554		
S 004	SEWER NON RES 2"	841	8			8	$175.36	$3.83	$1,403	$773	$2,176	6,731		
S 005	SEWER NON RES 3"	11,804	2			2	$328.80	$3.83	$658	$2,713	$3,370	23,608		
S 020	SEWER MULTI FAM RES.	4,141	32			32		$2.73	$0	$10,852	$10,852	132,500		
	Subtotal  Sewer Accounts		2,401			2,406	Sewer	$54,131	$28,115	$82,247	319,537		
														
W A01	AVAIL CHARGE 1.5 DU	0	1			1	$0.00		$0		$0	0		
W A02	AVAIL CHARGE (Phase I Lots)	0	94	2		92	$38.89		$3,578		$3,578	0		
W A03	AVAIL CHARGE (Phase I I Lots)	0	608	3		605	$14.69		$8,887		$8,887	0		
W A09	AVAIL CHARGE W/S ONLY	0	4			4	$30.02		$120		$120	0		
	Subtotal  Availability Charge Accounts	703			698	Availability Charges	$12,465		$12,465			
														
W M02	WATER MIN M.F./UNIT	0	1,282			1,282	$22.72		$29,127		$29,127	0		
W F01	FIRELINE BY-PASS 5/8"	1	41			41	$22.72	$2.42	$932	$4	$935	49		
W F02	FIRELINE BY-PASS 1"	0	0			0	$56.80	$2.42	$0	$0	$0	0		
W F04	FIRELINE BY-PASS 4"	0	0			0	$181.76	$2.42	$0	$0	$0	0		
W 001	WATER NONRESID. 5/8"	954	29			29	$22.72	$2.42	$659	$2,009	$2,668	27,670		
W 002	WATER NONRESID. 1"	481	6			6	$56.80	$2.42	$341	$210	$550	2,888		
W 003	WATER NONRESID. 1.5"	2,554	1			1	$113.60	$2.42	$114	$185	$299	2,554		
W 004	WATER NONRESID. 2"	700	7			7	$181.76	$2.42	$1,272	$356	$1,628	4,899		
W 005	WATER NONRESID. 3"	11,804	2			2	$340.80	$2.42	$682	$1,714	$2,396	23,608		
W 011	WATER RESIDENTIAL	133	1,023	5		1,028	$22.72	$2.42	$23,356	$9,956	$33,312	137,138		

Page 11

DUNES COMMUNITY DEVELOPMENT DISTRICT BUDGET REVENUE PROJECTIONS

BASED ON NUMBER OF ACCOUNTS AND ACTUAL METERED QUANTITIES FROM AUGUST 1, 2014 - JULY 31, 2015 FOR BUDGET FY YEAR 2016
					Revenue												
		Average			producing			Commodity	Monthly	Monthly	Total		Total		
		daily usage	# of acc'ts	2015-2016	2015-2016	AC/acct	Charge	AC	Commodity	Monthly		Gallons		
PHASE I & PHASE II	(gpd)	JuL 31, 2015	additions	accounts	per mo	per 1000 gal	Revenue	Revenue	Revenue		Per Day		
W 012	WATER RESID. 1"	221	16		16	$56.80		$2.42		$909		$256	$1,165	3,532		
W 014	WATER RESID. 2"	0	0		0	$181.76		$2.42		$0		$0	$0	0		
W 015	WATER RESID. 3"	0	0		0	$340.80		$2.42		$0		$0	$0	0		
W 020	WATER MULTI FAM RES.	4,141	32		32			$2.42		$0		$9,620	$9,620	132,510		
W 888	CONSUMPTION ONLY DCDD	7,571	1		1	$0.00				$0		$0	$0	7,571		
W 999	CONSUMPTION ONLY DCDD	11,407	1		1	$0.00				$0		$0	$0	11,407		
	Subtotal  Water Accounts		2,441		2,446	Water (Excl. Potable Irr.)		$57,391		$24,310	$81,701	353,826		
															
						MONTHLY CHG.		$171,350		$96,347	$267,698				
						ANNUAL MIN. CHG.	$2,056,205							
						ANNUAL COMMODITY CHG.				$1,156,169					
						ANNUAL TOTAL REVENUES				$3,212,374				
						METER FEES						$8,000				
						INTEREST INCOME				$20,000				
						BACKFLOW PREV.				$100				
						MISCELLANEOUS INCOME				$10,000				
						CITY OF PALM COAST LEASE				$40				
						SUBTOTAL  (CONNECTION FEES EXCLUDED)		$3,250,514				
						ALLOWANCE FOR UNCOLLECTABLE ACCOUNTS					
							($25,000)				
						CONNECTION FEES (5 WATER, SEWER & IRR. PHASE I)	$18,000				
						TOTAL REVENUE (CONNECTION FEES INCLUDED)	$3,243,514				

						SUMMARY PER MONTH:							gal./day		
						Water			$69,856		$24,310	$94,166	353,826		
						Wastewater			$54,131		$28,115	$82,247	319,537		
						Effluent Reuse			$31,929		$39,190	$71,119	1,313,595		
						Golf Course			$15,434		$7,934	$23,369	661,203		
						Subtotal			$171,350		$99,550	$270,901				
															
						SUMMARY PER YEAR:									
						Water			$838,273		$291,720	$1,129,992				
						Wastewater			$649,577		$337,383	$986,960				
						Effluent Reuse			$383,142		$470,285	$853,427				
						Golf Course			$185,213		$95,213	$280,426				
						Subtotal			$2,056,205		$1,194,601	$3,250,806				

Page 12