Title: FY18 proposed budget Poinciana (Autosaved).xlsm
Author: tlusk

POINCIANA
Community Development District

Annual Operating and Debt Service Budget
Fiscal Year 2018

Version 4 -Budget Amendment
(Printed 8/14/17)

Prepared by:

POINCIANA

Community Development District

Table of Contents

Page #

OPERATING BUDGET

General Fund

Summary of Revenues, Expenditures and Changes in Fund Balances	1-2
Exhibit A - Allocation of Fund Balances	...…………………………………………………………..	3
Budget Narrative	4-7
DEBT SERVICE BUDGET
Series 2012A
Summary of Revenues, Expenditures and Changes in Fund Balances	...…………………….	8
Amortization Schedules	9-10
Budget Narrative	11
SUPPORTING BUDGET SCHEDULES
Comparison of Non-Ad Valorem Assessment Rates	12
Special Assessments - Developer	13

POINCIANA
Community Development District

Operating Budget
Fiscal Year 2018

POINCIANA

Community Development District	General Fund

Summary of Revenues, Expenditures and Changes in Fund Balances
Fiscal Year 2018 Budget Amendment

| ACTUAL | PROJECTED | TOTAL | ANNUAL
| ACTUAL | BUDGET | THRU | JUNE- | PROJECTED | BUDGET
ACCOUNT DESCRIPTION | FY 2016 | FY 2017 | MAY-2017 | SEP-2017 | FY 2017 | FY 2018

REVENUES

Interest - Investments | $	3,316 | $	3,500 | $	1,921 | $	1,579 | $	3,500 | $	3,500
Interest - Tax Collector | 57 | - | 584 | - | 584 | -
Special Assmnts- Tax Collector | 452,301 | 463,628 | 460,564 | 3,074 | 463,638 | 481,383
Special Assmnts- Prepayment | 11,794 | - | - | - | - | -
Special Assmnts- CDD Collected | 97,772 | 87,338 | 87,338 | - | 87,338 | 71,073
Special Assmnts- Developer | 84,977 | 84,974 | 84,974 | - | 84,974 | 84,960
Special Assmnts- Discounts | (16,716) | (18,546) | (17,230) | - | (17,230) | (19,255)
Other Miscellaneous Revenues | 666 | - | 1,643 | - | 1,643 | -

TOTAL REVENUES	634,167	620,894	619,794	4,653	624,447	621,661

EXPENDITURES
Administrative

P/R-Board of Supervisors | 6,800 | 6,000 | 13,400 | 4,000 | 17,400 | 12,000
FICA Taxes | 520 | 459 | 1,025 | 306 | 1,331 | 918
ProfServ-Arbitrage Rebate | 600 | 600 | - | 600 | 600 | 600
ProfServ-Dissemination Agent | 5,000 | 5,000 | - | 5,000 | 5,000 | 5,000
ProfServ-Engineering | 20,335 | 18,000 | 22,985 | 11,493 | 34,478 | 18,000
ProfServ-Legal Services | 29,933 | 30,000 | 15,467 | 14,533 | 30,000 | 30,000
ProfServ-Mgmt Consulting Serv | 55,341 | 55,341 | 36,894 | 18,447 | 55,341 | 55,341
ProfServ-Property Appraiser | - | 9,273 | 4,636 | 4,637 | 9,273 | 9,628
ProfServ-Special Assessment | 11,365 | 11,365 | 11,365 | - | 11,365 | 11,365
ProfServ-Trustee Fees | 6,981 | 6,789 | 3,191 | 3,809 | 7,000 | 7,000
ProfServ-Web Site Development | - | 15 | 16 | | 16 | 16
ProfServ-Legal Incorporation | 5,179 | - | - | - | - | -
Auditing Services | 4,100 | 4,100 | 4,250 | - | 4,250 | 4,250
Postage and Freight | 1,311 | 1,200 | 1,436 | - | 1,436 | 1,200
Insurance - General Liability | 13,993 | 15,392 | 14,043 | - | 14,043 | 15,447
Printing and Binding | 3,040 | 2,700 | 4,309 | 2,154.50 | 6,464 | 2,700
Legal Advertising | 3,744 | 2,000 | 10,972 | 7,000 | 17,972 | 2,000
Misc-Assessmnt Collection Cost | 7,749 | 9,273 | 8,867 | 61 | 8,928 | 9,628
Office Supplies | 444 | 300 | 610 | 305 | 915 | 300
Annual District Filing Fee | 175 | 175 | 175 | - | 175 | 175
Total Administrative | 176,610 | 177,982 | 153,641 | 72,345 | 225,986 | 185,568

Field

ProfServ-Field Management | 14,000 | 14,000 | 9,333 | 4,667 | 14,000 | 14,000
Contracts-Landscape | 143,645 | 143,645 | 95,763 | 47,882 | 143,645 | 143,645
Contracts-Aquatic Control | 98,000 | 98,000 | 65,333 | 32,667 | 98,000 | 98,000

POINCIANA

Community Development District	General Fund

Summary of Revenues, Expenditures and Changes in Fund Balances
Fiscal Year 2018 Budget Amendment

| ACTUAL | PROJECTED | TOTAL | ANNUAL
| ACTUAL | BUDGET | THRU | JUNE- | PROJECTED | BUDGET
ACCOUNT DESCRIPTION | FY 2016 | FY 2017 | MAY-2017 | SEP-2017 | FY 2017 | FY 2018
Contracts-Aquatic Midge Mgmt | 141,000 | 141,000 | 94,000 | 47,000 | 141,000 | 152,800
Electricity - General | 1,146 | 1,500 | 897 | 449 | 1,346 | 1,500
R&M-Drainage | 343 | 3,000 | - | 3,000 | 3,000 | 3,000
R&M-Mulch | - | 4,500 | - | 4,500 | 4,500 | 4,500
R&M-Plant Replacement | 4,583 | 4,060 | - | 4,060 | 4,060 | 4,060
Misc-Contingency | 16,004 | 33,207 | 9,769 | 5,231 | 15,000 | 14,589
Total Field | 418,721 | 442,912 | 275,095 | 149,456 | 424,551 | 436,094

TOTAL EXPENDITURES

595,331

620,894

428,736

221,801

650,537

621,662

Excess (deficiency) of revenues
Over (under) expenditures	38,836	-	191,058	(217,148)	(26,090)	(1)

Net change in fund balance | 38,836 | - | 191,058 | (217,148) | (26,090) | (1)
FUND BALANCE, BEGINNING | 489,199 | 528,035 | 528,035 | - | 528,035 | 501,945

FUND BALANCE, ENDING	 $	528,035	$	528,035	$	719,093	$   (217,148)   $	501,945	$	501,944 

POINCIANA

Community Development District	_General _Fund

Exhibit "A"
Allocation of Fund Balances

AVAILABLE FUNDS

Beginning Fund Balance - Fiscal Year 2018

Amount
$	501,945

Net Change in Fund Balance - Fiscal Year 2018	-

Reserves - Fiscal Year 2018 Additions	-

Total Funds Available (Estimated) - 9/30/18	501,945

ALLOCATION OF AVAILABLE FUNDS

Assigned Fund Balance

Operating Reserve - First Quarter Operating Capital | | $	155,416
| Subtotal | 155,416
Total Allocation of Available Funds | | 155,416
Total Unassigned (undesignated) Cash | | $	346,530

(1)

Notes
(1) Represents approximately 3 months of operating expenditures

Annual Operating and Debt Service Budget Fiscal Year 2018
3

POINCIANA
Community Development District	General Fund

Budget Narrative
Fiscal Year 2018

REVENUES

Interest-Investments
The District earns interest income on their operating accounts and other investments.

Special Assessments-Tax Collector
The District will levy a Non-Ad Valorem assessment on all the assessable property within the District through the Tax Collector in order to pay for the operating expenditures during the Fiscal Year.

Special Assessments-CDD Collected
The District will levy a Non-Ad Valorem assessment on all the assessable property within the District that is not collected through the Tax Collector in order to pay for the operating expenditures during the Fiscal Year.

Special Assessments-Developer
Per the "Partial Budget Funding Agreement between Poinciana Community Development District and Avatar Properties Inc. D/B/A AV Homes for Operations and Maintenance Expenses" dated December 23, 2014, under Section 2 Provision of Operations and Maintenance Contributions, "The Developer hereby agrees to pay the District an annual O&M Contribution beginning with Fiscal Year 2015 - 2016 in addition to the operation and maintenance assessments and debt service assessments levied by the District." "...the Developer shall provide such payment by November 1 of each year. The Developer shall pay the annual O&M Contribution due to the District each year until the recordation of the final plat of any portion of the Undeveloped Lands within the District, at which the Developer's obligation to pay an O&M Contribution shall terminate beginning with the following fiscal year." (Section 2.B)

Special Assessments-Discounts
Per Section 197.162, Florida Statutes, discounts are allowed for early payments. The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non-Ad Valorem assessments.

EXPENDITURES

Expenditures - Administrative

P/R-Board of Supervisors
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting at which they are in attendance. The amount for the Fiscal Year is based upon all supervisors attending all of the meetings.
FICA Taxes
Payroll taxes on Board  of Supervisor’s compensation.	The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.

POINCIANA
Community Development District	General Fund

Budget Narrative
Fiscal Year 2018

Expenditures - Administrative (continued)

Professional Services-Arbitrage Rebate
The District will contract with an independent certified public accountant to annually calculate the District's Arbitrage Rebate Liability on the Series 2012 of Benefit Special Assessment Bonds. The budgeted amount for the fiscal year is based on standard fees charged for this service.
Professional Services-Dissemination Agent
The District is required by the Securities and Exchange Commission to comply with rule 15c2-12(b)-(5), which relates to additional reporting requirements for unrelated bond issues. The budgeted amount for the fiscal year is based on standard fees charged for this service.

Professional Services-Engineering
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments. The budgeted amount for the fiscal year is based on prior year budget.

Professional Services-Legal Services
The District's legal counsel will provide general legal services to the District, i.e. attendance and preparation for monthly meetings, review of operating and maintenance contracts, and other specifically requested assignments.

Professional Services-Management Consulting Services
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Severn Trent Environmental Services, Inc. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.

Professional Service-Property Appraiser
The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The fiscal year budget for property appraiser costs was based on a unit price per parcel.

Professional Services-Special Assessment
Administrative costs to prepare the District’s Special Assessment Roll.

Professional Services-Trustee Fees
The District pays US Bank an annual fee for trustee services on the Series 2012 Special Assessment Bond. The budgeted amount for the fiscal year is based on standard fees charged plus any out-of-pocket expenses.

Professional Services-Web Site Development
Website domain annual renewal.

POINCIANA
Community Development District	General Fund

Budget Narrative
Fiscal Year 2018

Expenditures - Administrative (continued)

Auditing Services
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from an existing  engagement letter.
Postage and Freight
Postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.

Insurance-General Liability
The District's General Liability & Public Officials Liability Insurance policy is with Public Risk Insurance which specializes in providing insurance coverage to governmental agencies. The budgeted amount for the fiscal year is based on prior year premiums plus anticipated increases due to market uncertainty.

Printing & Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.

Miscellaneous-Assessment Collection Cost
The District reimburses the Polk County Tax Collector for necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District also compensates the Tax Collector for the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The fiscal year budget for collection costs was based on a maximum of 2% of the anticipated assessment collections.

Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.

Annual District Filing Fee
The District is required to pay an annual fee of $175 to the Department of Economic Opportunity.

POINCIANA
Community Development District	General Fund

Budget Narrative
Fiscal Year 2018

Expenditures - Field

Professional Services-Field Management
This budget line is to review work by contractors and provide field management to coordinate engineering and contractors pertaining to issues that affect field operations.

Contracts-Landscape
The District has contracted with Mainscape, Inc for the lake bank maintenance; the monthly amount of the contract is $11,970.45.

Contracts-Aquatic Control
Contract with Clarke Aquatic Service, Inc. for monthly treatment of aquatic weed control and lake maintenance for all phases. The monthly amount is $8,166.66.

Contracts-Aquatic Midge Management
The District has a contract with Clarke Environmental Mosquito Management, Inc. for aquatic midge control (blind mosquitoes, weekly ATV aerosol & monthly aerial larva side). The monthly amount is $11,750. Additional contract with Clarke Environmental Management include $200 per month for Basin B-5 and $783 per month for Midge Control.

Electricity-General
This represents electric charges for Duke Energy for 1051 Cypress Parkway, 9 & 33 Tunnel/Golf Lights.

R&M-Drainage
This represents drain structure repairs.

R&M-Mulch
This represents mulch for the District.

R&M-Plant Replacement
This represents any replacement for aquatic plants and tree replacement around the ponds.

Miscellaneous-Contingency
This represents any additional expenditure that may not have been provided for in the budget.

POINCIANA
Community Development District

Debt Service Budget
Fiscal Year 2018

POINCIANA

Community Development District	Series 2012A Debt Service Fund

Summary of Revenues, Expenditures and Changes in Fund Balances
Fiscal Year 2018 Budget Amendment

| | ADOPTED | ACTUAL | PROJECTED | TOTAL | ANNUAL
ACTUAL | BUDGET | THRU | JUNE- | PROJECTED | BUDGET
ACCOUNT DESCRIPTION | FY 2016 | FY 2017 | MAY-2017 | SEP-2017 | FY 2017 | FY 2018

REVENUES

Interest - Investments | $	1,468 | $	500 | $	1,457 | $	-    $	1,457 | $	500
Interest - Tax Collector | 161 | - | - | -	- | -
Special Assmnts- Tax Collector | 1,266,348 | 1,326,558 | 1,316,519 | 10,039	1,325,306 | 1,418,978
Special Assmnts- Prepayment | 8,249 | - | 7,760 | -	7,760 | -
Special Assmnts- CDD Collected | 526,780 | 470,580 | 470,580 | -	470,580 | 382,908
Special Assmnts- Discounts | (46,717) | (53,062) | (49,253) | -	(49,253) | (56,759)

TOTAL REVENUES	1,756,289	1,744,576	1,747,063	10,039	1,755,850	1,745,627

EXPENDITURES
Administrative

ProfServ-Property Appraiser | - | 26,531 | 13,266 | 13,265 | 26,531 | 28,380
Misc-Assessmnt Collection Cost | 21,696 | 26,531 | 25,345 | 1,186 | 26,531 | 28,380
Total Administrative | 21,696 | 53,062 | 38,611 | 14,451 | 53,062 | 56,759
Debt Service | | | | | |
Principal Debt Retirement A-1 | 550,000 | 565,000 | 565,000 | - | 565,000 | 580,000
Principal Debt Retirement A-2 | 245,000 | 260,000 | 255,000 | 5,000 | 260,000 | 270,000
Prepayments Series A-2 | 30,000 | - | 205,000 | (205,000) | - | -
Interest Expense Series A-1 | 466,388 | 452,638 | 452,638 | - | 452,638 | 437,100
Interest Expense Series A-2 | 379,575 | 364,450 | 358,519 | 5,931 | 364,450 | 337,563
Total Debt Service | 1,670,963 | 1,642,088 | 1,836,157 | (194,069) | 1,642,088 | 1,624,663
TOTAL EXPENDITURES | 1,692,659 | 1,695,150 | 1,874,768 | (179,618) | 1,695,150 | 1,681,422
Excess (deficiency) of revenues Over (under) expenditures | 63,630 | 49,426 | (127,705) | 189,657 | 60,700 | 64,205
OTHER FINANCING SOURCES (USES)
Balance | -	49,426 | -	-	-	64,205
TOTAL OTHER SOURCES (USES) | -	49,426 | -	-	-	64,205
Net change in fund balance | 63,630 | 49,426 | (127,705) | 189,657 | 60,700 | 64,205
FUND BALANCE, BEGINNING | 1,448,633 | 1,512,263 | 1,512,263 | - | 1,512,263 | 1,572,963
FUND BALANCE, ENDING | $1,512,263 | $ 1,561,689 | $ 1,384,558 | $	189,657 | $ 1,572,963 | $ 1,637,168

POINCIANA

Community Development District	_Series _2012A-1 _Debt _Service _Fund

AMORTIZATION SCHEDULE

DATE | BALANCE | RATE | PRINCIPAL	PREPAYMENT	INTEREST | TOTAL
11/01/17 | 10,595,000 | 0.000% | -	218,550.00 |
05/01/18 | 10,595,000 | 0.000% | 580,000	218,550.00 | 1,017,100.00
11/01/18 | 10,015,000 | 0.000% | -	209,850.00 |
05/01/19 | 10,015,000 | 0.000% | 600,000	209,850.00 | 1,019,700.00
11/01/19 | 9,415,000 | 0.000% | -	200,100.00 |
05/01/20 | 9,415,000 | 0.000% | 620,000	200,100.00 | 1,020,200.00
11/01/20 | 8,795,000 | 0.000% | -	189,250.00 |
05/01/21 | 8,795,000 | 0.000% | 645,000	189,250.00 | 1,023,500.00
11/01/21 | 8,150,000 | 0.000% | -	177,156.25 |
05/01/22 | 8,150,000 | 0.000% | 670,000	177,156.25 | 1,024,312.50
11/01/22 | 7,480,000 | 0.000% | -	164,175.00 |
05/01/23 | 7,480,000 | 0.000% | 695,000	164,175.00 | 1,023,350.00
11/01/23 | 6,785,000 | 0.000% | -	150,275.00 |
05/01/24 | 6,785,000 | 0.000% | 725,000	150,275.00 | 1,025,550.00
11/01/24 | 6,060,000 | 0.000% | -	134,868.75 |
05/01/25 | 6,060,000 | 0.000% | 755,000	134,868.75 | 1,024,737.50
11/01/25 | 5,305,000 | 0.000% | -	118,353.13 |
05/01/26 | 5,305,000 | 0.000% | 790,000	118,353.13 | 1,026,706.25
11/01/26 | 4,515,000 | 0.000% | -	101,071.88 |
05/01/27 | 4,515,000 | 0.000% | 825,000	101,071.88 | 1,027,143.75
11/01/27 | 3,690,000 | 0.000% | -	83,025.00 |
05/01/28 | 3,690,000 | 0.000% | 860,000	83,025.00 | 1,026,050.00
11/01/28 | 2,830,000 | 0.000% | -	63,675.00 |
05/01/29 | 2,830,000 | 0.000% | 900,000	63,675.00 | 1,027,350.00
11/01/29 | 1,930,000 | 0.000% | -	43,425.00 |
05/01/30 | 1,930,000 | 0.000% | 945,000	43,425.00 | 1,031,850.00
11/01/30 | 985,000 | 0.000% | -	22,162.50 |
05/01/31 | 985,000 | 0.000% | 985,000	22,162.50 | 1,029,325.00
Total | | | $	10,595,000   $	-	$	3,751,875 | $	14,346,875

POINCIANA

Community Development District	_Series _2012A-2 _Debt _Service _Fund

AMORTIZATION SCHEDULE

Period
Ending	Principal	Coupon	Interest	Debt Service

Annual Debt Service

11/1/2017 | | | 168,781.25 | 168,781.25 | 599,893.75
5/1/2018 | 270,000 | 5.750% | 168,781.25 | 438,781.25 |
11/1/2018 | | | 161,018.75 | 161,018.75 | 599,800.00
5/1/2019 | 285,000 | 5.750% | 161,018.75 | 446,018.75 |
11/1/2019 | | | 152,825.00 | 152,825.00 | 598,843.75
5/1/2020 | 300,000 | 5.750% | 152,825.00 | 452,825.00 |
11/1/2020 | | | 144,200.00 | 144,200.00 | 597,025.00
5/1/2021 | 320,000 | 5.750% | 144,200.00 | 464,200.00 |
11/1/2021 | | | 135,000.00 | 135,000.00 | 599,200.00
5/1/2022 | 340,000 | 6.000% | 135,000.00 | 475,000.00 |
11/1/2022 | | | 124,800.00 | 124,800.00 | 599,800.00
5/1/2023 | 360,000 | 6.000% | 124,800.00 | 484,800.00 |
11/1/2023 | | | 114,000.00 | 114,000.00 | 598,800.00
5/1/2024 | 380,000 | 6.000% | 114,000.00 | 494,000.00 |
11/1/2024 | | | 102,600.00 | 102,600.00 | 596,600.00
5/1/2025 | 405,000 | 6.000% | 102,600.00 | 507,600.00 |
11/1/2025 | | | 90,450.00 | 90,450.00 | 598,050.00
5/1/2026 | 430,000 | 6.000% | 90,450.00 | 520,450.00 |
11/1/2026 | | | 77,550.00 | 77,550.00 | 598,000.00
5/1/2027 | 460,000 | 6.000% | 77,550.00 | 537,550.00 |
11/1/2027 | | | 63,750.00 | 63,750.00 | 601,300.00
5/1/2028 | 485,000 | 6.000% | 63,750.00 | 548,750.00 |
11/1/2028 | | | 49,200.00 | 49,200.00 | 597,950.00
5/1/2029 | 515,000 | 6.000% | 49,200.00 | 564,200.00 |
11/1/2029 | | | 33,750.00 | 33,750.00 | 597,950.00
5/1/2030 | 545,000 | 6.000% | 33,750.00 | 578,750.00 |
11/1/2030 | | | 17,400.00 | 17,400.00 | 596,150.00
5/1/2031 | 580,000 | 6.000% | 17,400.00 | 597,400.00 |
11/1/2031 | | | | | 597,400.00
Total | 5,880,000 | | 2,870,650 | 8,545,650 | 8,976,763

POINCIANA
Community Development District	Series 2012A Debt Service Fund

Budget Narrative
Fiscal Year 2018

REVENUES

Interest-Investments
The District earns interest income on their trust accounts with US Bank.

Special Assessments-Tax Collector
The District will levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the debt service expenditures during the Fiscal Year.

Special Assessments-CDD Collected
The District will levy a Non-Ad Valorem assessment on all the assessable property within the District that is not On- Roll in order to pay for the debt service expenditures during the Fiscal Year.

Special Assessments-Discounts
Per Section 197.162, Florida Statutes, discounts are allowed for early payments. The budgeted amount for the fiscal year is calculated at 4% of the anticipated Non-Ad Valorem assessments.

EXPENDITURES

Expenditures - Administrative

Professional Service-Property Appraiser
The Property Appraiser provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Property Appraiser for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The fiscal year budget for property appraiser costs was based on a unit price per parcel.

Misc-Assessment Collection Cost
The District reimburses the Polk County Tax Collector for her or his necessary administrative costs. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The District also compensates the  Tax Collector for the actual cost of collection or 2% on the amount of special assessments collected and remitted, whichever is greater. The fiscal year budget for collection costs was based on a maximum of 2% of the anticipated assessment collections.

Principal Debt Retirement Series A-1 & A-2
The District pays regular principal payments annually in order to pay down/retire the debt.

Interest Expense Series A-1 & A-2
The District pays interest expense on the debt twice during the year.

Annual Operating and Debt Service Budget Fiscal Year 2018
11

POINCIANA
Community Development District

Supporting Budget Schedules
Fiscal Year 2018

POINCIANA

Community Development District	_All _Funds

Comparison of Non-Ad Valorem Assessment Rates Fiscal Year 2018 vs. Fiscal Year 2017

Products | General Fund | 2012 Debt Service | 2012 Revised Debt Service* | Total Assessments per Unit | Units

FY 2018 FY 2017

Percent
Change

FY 2018

FY 2017

Percent
Change

FY 2018

FY 2017

Percent
Change

FY 2018 FY 2017

Percent
Change

Single Family | $151.18 | $151.17 | 0.0% | $438.05 | $438.05 | 0.0% | $0.00 | $0.00 | n/a | $589.23 | $589.22 | 0.0% | 2,984
Single Family* | $151.18 | $151.17 | 0.0% | $0.00 | $0.00 | n/a | $814.49 | $814.49 | 0.0% | $965.67 | $965.66 | 0.0% | 711
| | | | | | | | | | | 3,695
* The 2012 Revised Debt Service consists of the 711 units defined within the 2012A Supplemental Methodology dated Dec 23, 2014

Annual Operating and Debt Service Budget
Fiscal Year 2018	_12

POINCIANA

Community Development District	^General ^Fund

Special Assessments - Developer

Total Expenditures	621,662
Interest Revenue		(3,500.00) Prop Fees & Misc Collections 	($19,256.00)
$598,906.00

Multiplier for all planned units + 92 prepaid units		3,695 Total for planned development	$513,945.54

Total Expenditures		$598,906.00 Total for planned development 		$513,945.54 Total Owed by developer	$84,960.46

Annual Operating and Debt Service Budget Fiscal Year 2018
13

Annual Operating and Debt Service Budget Fiscal Year 2018