Community Development District Adopted Budget FY2024 Poinciana 1-2 3-6 7 8 9 10 Capital Reserve Fund Amortization Schedule Series 2022 Table of Contents General Fund General Fund Narrative Fund Balance Analysis Debt Service Fund Poinciana Community Development District Adopted Budget General Fund Adopted Actuals FBYu2d0g2e3t 5/T3h1r/u23 P4r oMNjeeocxntttehds P9r/oT3joe0tc/at2le3d AFBdYu2odp0gt2ee4td Revenues ISCMnpaitesrecrcreyieal lFsla toAnrsewsoeausrssd mR Seeunvretpsnluuse $$$$ 6 5 772 ,,, 290 960 820 - $$$$ 26 17 553 ,,, 055116502499 $$$$ 3 ---20 $$$$ 26 17 553 ,,, 055416522499 $$$$ 16 69 27 ,, 175 290 770 - Total Revenues $ 727,261 $ 894,244 $ 320 $ 894,564 $ 860,424 Expenditures Administrative Supervisors Fees 12,000 $ 3,800 $ 4,000 $ 7,800 $ 12,000 $ FICA Expense 918 $ 291 $ 306 $ 597 $ 918 $ Engineering 20,000 $ 16,713 $ 5,000 $ 21,713 $ 20,000 $ Attorney 30,000 $ 12,946 $ 10,000 $ 22,946 $ 30,000 $ Arbitrage 450 $ - $ 450 $ 450 $ 450 $ Dissemination 3,500 $ 500 $ - $ 500 $ - $ Annual Audit 3,500 $ 3,500 $ - $ 3,500 $ 3,600 $ Trustee Fees 4,000 $ 4,000 $ - $ 4,000 $ 4,000 $ Assessment Administration 5,000 $ 5,000 $ - $ 5,000 $ 5,000 $ Management Fees 42,000 $ 28,000 $ 14,000 $ 42,000 $ 43,260 $ Information Technology 1,238 $ 825 $ 412 $ 1,238 $ 1,238 $ Website Maintenance 825 $ 550 $ 275 $ 825 $ 825 $ Telephone 100 $ - $ 33 $ 33 $ 100 $ Postage 2,600 $ 386 $ 60 $ 446 $ 2,600 $ Printing & Binding 1,000 $ 19 $ 20 $ 39 $ 1,000 $ Insurance 7,825 $ 7,010 $ - $ 7,010 $ 7,711 $ Legal Advertising 5,500 $ 1,174 $ 3,500 $ 4,674 $ 5,500 $ Other Current Charges 2,400 $ 2,125 $ 560 $ 2,685 $ 2,400 $ Office Supplies 400 $ 18 $ 80 $ 98 $ 400 $ Property Appraiser 7,000 $ - $ 7,000 $ 7,000 $ 7,000 $ Dues, Licenses & Subscriptions 175 $ 175 $ - $ 175 $ 175 $ Total Administrative 150,431 $ 87,032 $ 45,696 $ 132,728 $ 148,177 $ 1 Poinciana Community Development District Adopted Budget General Fund Adopted Actuals FBYu2d0g2e3t 5/T3h1r/u23 P4r oMNjeeocxntttehds P9r/oT3joe0tc/at2le3d AFBdYu2odp0gt2ee4td Operations & Maintenance Field Services 10,300 $ 6,867 $ 3,433 $ 10,300 $ 10,609 $ Property Insurance 10,038 $ 8,744 $ - $ 8,744 $ 13,116 $ Electric 2,640 $ 892 $ 440 $ 1,332 $ 2,544 $ Landscape Maintenance 170,352 $ 100,116 $ 50,058 $ 150,174 $ 203,955 $ Aquatic Control Maintenance 127,403 $ 72,637 $ 36,219 $ 108,856 $ 147,569 $ Aquatic Midge Management 176,721 $ 105,760 $ 53,280 $ 159,041 $ 215,454 $ R&M - Mulch 3,500 $ - $ - $ - $ 3,500 $ R&M - Plant Replacement 3,500 $ - $ - $ - $ 3,500 $ R&M - Aerators 3,500 $ - $ - $ - $ - $ Storm Structure Repairs 50,000 $ - $ 6,500 $ 6,500 $ 50,000 $ Contingency 18,876 $ 15,138 $ 8,955 $ 24,093 $ 12,000 $ Total Operations & Maintenance 576,830 $ 310,154 $ 158,885 $ 469,039 $ 662,247 $ Other Expenditures Transfer Out - Capital Reserve - $ - $ 100,000 $ 100,000 $ 50,000 $ Total Other Expenditures - $ - $ 100,000 $ 100,000 $ 50,000 $ Total Other Expenditures 727,261 $ 397,186 $ 304,581 $ 701,767 $ 860,424 $ Excess Revenues/(Expenditures) - $ 497,059 $ (304,261) $ 192,797 $ - $ Net Assessments 667,127 $ Collection Cost (7%) 50,214 $ Gross Assessments 717,341 $ Property Type Platted Units Per Unit Net Per Unit Gross Gross Total Platted Residential 3821 $173.00 $184.04 $703,227 Town Center Commercial 72.15 $173.00 $184.04 $13,279 Golf Course 4.54 $173.00 $184.04 $836 3897.69 $717,341 2 Poinciana Community Development District General Fund Budget Revenues: iST nph eoecr Didaiels rAt rtsiosce tps wasmyi lfelo nlret vst hy ea onpoenr-aatdin vga eloxrpeemnd aistuseresssm duenritn ogn t haell ftihseca als yseeasrs.a ble property within the District TInhtee rDeisstt rict earns interest income on their operating accounts and other investments. Expenditures: Administrative: SeCTuxhhcpaeeep aertmdvei r$so o4u1r,n98st 00F i,0e sFe pblsoea rrs ieyddea a orSn tp a5at iusdut etpose ,e raavlcilsohow Sruss pafeottrrev neisadocirnh fg oB 1ro 2tah rmed et imemteienm gdbse evdrou ttreoidn r gteo tc hDeeiiv sfetirs ic$ca2tl 0b y0ue sapirne. er sms aenetdi nmge, entoint gtso. FR SuIeCppAer erEvsxeipsnoetnrs s cethh eec kEsm. ployer’s share of Social Security and Medicare taxes withheld from Board of Engineering T rpDerhiqsoetuj reDiicscititsts,ti oraeinsc.gssti.', g sp anetrentedegp niaandsre aadentirirco,e enGc tAaeanIdn dC db o ypnr retsehvupeileta Bawrnoa tatosirof,d nIc no ocffn o.S, truwr apmicleltro bvnseipts heoplcrryiso f ivabcinoaddtaiin rotdghn esgm eDaneinseedttrri anibclg iteds Mn, gdarionencvaeuigeemerwrien. ngot fss e, irnavvniocdei csve atsro i aotnhudes Attorney aoTsenfh rdaevg tiDrcheeieses tDm troiiesc tntthr'tsiesc lDtae Mnigsdatarl nr icecaotsg,ou eelnr.ug.s t.e iaolt,n tLesan, tadhnaadnm coe, t hLaneurdn arpe, rsEeepdaaerrncah t& iao sBnse ifgaonure dmdino aens,t hdLliLyrPe m,c tweeeditl lib nbyge st ,h pperr oeBvpoiaadrriandtg ioo fgn Se aunnpedrea rrlve ivlseioegrwasl Arbitrage TD Dhiissett rrDiiccitts’ tshr aiAcstr c bwoitnirltlar cgaoecn tRetdrea bwcatit tewh iLAtihMa baTinlEi tiCyn fdooernp tethhniesd esSenertrv icieecsre t.2 if0ie2d2 pSupbelciica la cAcsosuensstamnet ntto Raenfnuunadlilny gc aBlocunldast.e Tthhee oTAnnh nea unDa ials ntArnuiucdtai tils b raesqisu.i red by Florida Statutes to arrange for an independent audit of its financial records 3 Poinciana Community Development District General Fund Budget TT arrheue sd Dteeipes toFrseiicettes w d iwll iptha ya aTnrnuusatel etr auts Hteaen fceoecsk f oWr hthiten Seeyr. ies 2022 Special Assessment Refunding Bonds that t TAhshesee c sDosilmsletercnitctiot A nhd aomsf icnnooinsnttr-raaadtci tovenad l owreitmh Gasosveesrsnmmeenntt oanl M alal naasgseemsseanbtle S perrvoipceerst-yC Fw, iLthLiCn t toh lee Dvyis atrnidct a. dminister Management Fees ra TMerhapeen o nDarogtiisten tmlrgiim,ec antin tthen, adAus ca tccolo oa, nuurtnedrctaiiotcn,r tegedt diacn n.w gd i atRhne dGc ootrrvadenirnsngcmr Siepenctitroaenlt Ma orafy n bSaoegarevrmdic eemnse tf eoStrei rntvhgiesc, e Dbsi-usCtdergincetttr. apTlrh Feelp osareriradvtaii,co LenLs, Cian ltlco lf uipndraoen,v cbidiuaetl I caR nlceofcpouorrdume nssaettoitnnirotgasn g s vTeoa efartcniwhodnau rossee lco,r ogtvasyebt r lsoe,f tp sino fsfooirtr immveea eptitaoiynn g itmse, cpAhldenomobleoen,g tMya tificoorrno t sahonefdt D Opifsrftoircgiecr,ta e mstucmc. hin ags f ovird feroa ucdo npfreorteencctiionng,, Website Maintenance iRadnsoe smpaercsaecsisonmer rnedentanstn setc,hw ees a ewclscoi,ut swhrtsi et Cyabhs ssaaitopnectd ibea ratf cie1rkde8u ww9p,asi tl,Fh le l otmmcr.oia dninait toeSnrtaiantnugc taeen,s d.u Tmphdaeaisnteets as,i nedrinovgcicu temhse e iDnntci sluturdpicelot ’assid wtse,e bphseoirtsfetoi rcnmrge aaantnecdde Telephone Telephone and fax machine. Postage aTnhde oDtihsetrri crte qinuciurerds cchoarrregseps ofonrd emnacieli. ng of agenda packages, overnight deliveries, checks for vendors Printing & Binding Printing board materials, printing of computerized checks, stationary, envelopes etc. Insurance aRTghiseekn DcIniiessstur. ri catn’sc eg.e Pnuebralilc l iRaibsikli tIyn saunrda npcueb slipce ocfifailciizaelss ilnia bpirloitvyi dininsgu riannsucer acnocvee rcaogvee rias gper otov igdoevde brnym Peunbtlaicl Legal Advertising iTnh ae nDeiswtrsipcat pise rr eoqf ugierneedr taol acidrvceurlatitsieo nv.a rious notices for monthly Board meetings, public hearings, etc 4 Poinciana Community Development District General Fund Budget Other Current Charges Represents any miscellaneous expenses incurred during the slips, stop payments, etc. fiscal year such as bank fees, deposit Office Supplies The District incurs charges for office supplies that need to be purchased during the fiscal year. s PRereropvprieecrestesy.n Atsp par faeies ecrh arged by Polk County Property Appraiser’s office for assessment administration Dues, Licenses & Subscriptions $T1h7e5 D. i sTthriisc ti sis t hreeq ounilrye de xtpoe pnasye aunn danern uthails f ceaet teog othrye fFolro rtihdea D Disetpraicrtt.m ent of Economic Opportunity for Operations & Maintenance: F aSP teiretorelvvdnii cdSdee eBsr o ovtniaocsre diistn emc flieueedltdei n mogansn saiantgede mirneescpneeitv coetfi aocnonnds,t rrmeasceptesot fniondrg ttsoh wep Dritohisp tecrroictnytt srouawcchnto earrss p,l ahmnodonsneci tacoparlelis na gan ndod lfa eukmeti almiitlaysi . natcecnoaunnctes., REElneepecrrtgreiysce. nts cost of electric services for item lights. District currently has two accounts with Duke Account # Service Address Monthly Annual 48 78575505 0389010828 11CT00oon55tat11il n CCgyyeppnrrceeyss ss PPkkyy,, L9i Tteusn/nGeoll fL Tiguhntns el 33 $1$3220 $$21$$,,537442484004 N L7Ta hodnevad eDysmscis abtdpreuiercr Mt1i nwsatg iti nlotlth mMeen aaamrinncocthane 3i tnh1 ststh . oeTf h laAek pDer iibsl at1rnisckt t tm hoa aOsin ccttoeonnbtaernrac c3ete 1tdhst awatn iitndhc Fnlulood relea mslasow twnhi an2ng, L ooLnfC cn efoo elrev tsehsri tsyh sa1en4r v odincaecye. s efvreormy Description Monthly Annual L3Na%enw dI nsAccrraeepaaess Me- Caoinntteinngaennccey $12,515 $1$54$094,,,125770465 Total $203,955 5 Poinciana Community Development District General Fund Budget Aquatic lD Rimeisptitrreeicdste thCnoaot,s snt ctrcroeooasnltt t Mmfroaaercin tmnett daeri newnmatinetohcnve aSa nol claient utdod oethf Lfesa ipkteoe n dMdisasp nlooacsgaaetlm eodef nwntui ftiohsrian tn htcheees ve D esigesetrrtvaiictctie.o sSn.e ravnidc easl ginacel utrdeea, tbmute nart.e T nhoet Description Monthly Annual 3AN%qewu Ia nAtcircre eMaasas ie-n Ctoennatinncgee ncy $9,055 $1$03$853,,,662556630 Total $147,569 AR laqerpuvarae tsiscied Mnet.i)sd gcoe sMtsa fnoarg aeqmueantitc midge control (blind mosquitoes, weekly ATV aerosol & monthly aerial Description Monthly Annual 3AN%qewu Ia nAtcircre eMaasisd e-g Ceo Cnotinntgreonl cy $13,220 $1$55$824,,,607455149 Total $215,454 RRD&eispMtrr ei-cs Dte. rnatisn aesgtei mated repair and maintenance cost to the drainage structures maintained by the RR&epMr e-s Menutlsc he stimated cost for mulch. R p Ro&enpMdr es–s. Penlatns te Rsetipmlaacteemd ecnots t for the replacement of aquatic plants and tree replacement around the C Roenptriensgeenntcsy a ny additional field expense that may not have been provided for in the budget. 6 Poinciana Community Development District FY 2023 Projected Ending Fund Balance Actual Beginning P r LLojeeesscsst::e cpdar soEhjne tdcoti enbdag l FdFauuennfnciedcdi b tBBuaadllaagnnectcee $$$$ 66 ((09252709,,,,247966182712)) FY 2024 Estimated Ending Fund Balance PP rr Loojjeeesccstt:ee cdda sEBhen tgdoii nnbnagli Fanungnc Fedu b nBudadl Bagneatlcaence $$$ ( 461901269,,,467988725) FY 2024 Estimated Reserves (Ending Fund Balance) UOnpreersaetrinvegd R Feusenrdv eB (a3la mncoenths) $$$ 224011246,,,066078569 Projected Fund Balance Analysis 7 Adopted Actuals FBYu2d0g2e3t 5/T3h1r/u23 P4r MoNjeoecnxtttehds P9r/oT3joe0tc/at2le3d AFBdYu2odp0gt2ee4td Revenues ICAAnssatssreeerrssyess Fsmmtoeernnwttassr -d P Sruerppalyumsents $$$$ 1 , 2 8 82 67 ,,18 --5438 $$$$ 1 , 28 962 051 2,,,,448565229715 $$$$ 5 ,4 ---55 $$$$ 1 , 2 8 96 2 057 2,,,,442565729765 $$$$ 1 , 2 4 82 03 ,,98 --3262 Total Revenues $ 2,114,001 $ 2,180,273 $ 5,455 $ 2,185,728 $ 1,704,758 Expenditures Administrative Property Appraiser $ 15,500 $ - $ 13,774 $ 13,774 $ 13,774 Series 2022 IISSPnnpprttieeneeccrrciieeiaapssll attCC l--aa -15ll ll5 /1--/1 /1511/11/1 $$$$$ 1 , 0 114 6112 5017 ,,,,0028 -00440004 $$$$$ 1 , 0 114 5124 7168 5,,,,,005500058000020 $$$$$ ----- $$$$$ 1 , 0 114 5124 7168 5,,,,,005500058000020 $$$$$ 1 , 0 11 700 777 ,,,066 --044011 Total Expenditures $ 1,729,584 $ 1,748,132 $ 13,774 $ 1,761,906 $ 1,306,056 Excess Revenues/(Expenditures) $ 384,417 $ 432,141 $ (8,318) $ 423,822 $ 398,702 Interest - 11/1/24 $97,211 CoGllreNocestsito AAnss ssCeeossssstmm (7eenn%ttss) $$$ 11 ,, 32 7 98760,,,349513156 Platted Units Gross Per Unit Gross Total 732260.11815 $$33$077.330..09966 $1$,2365$,009,83170 3891.15 $1,377,351 Property Type Platted RCReoesmisdidmeenentritcaiiala l-l Prepaid Poinciana Community Development District Adopted Budget Debt Service Fund Series 2022 8 Poinciana Community Development District Series 2022 Special Assessment Refunding Bonds Amortization Schedule Date Balance Prinicpal Interest Total 11/01/23 9,317,000.00 $ - $ 107,641.45 $ 1,281,191.29 $ 05/01/24 9,317,000.00 $ 1,077,000.00 $ 107,641.45 $ 11/01/24 8,240,000.00 $ - $ 97,210.70 $ 1,281,852.15 $ 05/01/25 8,240,000.00 $ 1,101,000.00 $ 97,210.70 $ 11/01/25 7,139,000.00 $ - $ 85,738.28 $ 1,283,948.98 $ 05/01/26 7,139,000.00 $ 1,124,000.00 $ 85,738.28 $ 11/01/26 6,015,000.00 $ - $ 73,441.72 $ 1,283,180.00 $ 05/01/27 6,015,000.00 $ 1,147,000.00 $ 73,441.72 $ 11/01/27 4,868,000.00 $ - $ 60,347.57 $ 1,280,789.29 $ 05/01/28 4,868,000.00 $ 1,171,000.00 $ 60,347.57 $ 11/01/28 3,697,000.00 $ - $ 46,455.41 $ 1,277,802.98 $ 05/01/29 3,697,000.00 $ 1,200,000.00 $ 46,455.41 $ 11/01/29 2,497,000.00 $ - $ 31,764.41 $ 1,278,219.82 $ 05/01/30 2,497,000.00 $ 1,234,000.00 $ 31,764.41 $ 11/01/30 1,263,000.00 $ - $ 16,257.97 $ 1,282,022.38 $ 05/01/31 1,263,000.00 $ 1,263,000.00 $ 16,257.97 $ 1,279,257.97 $ 10,374,000.00 $ 1,154,264.87 $ 11,528,264.87 $ 9 Adopted Actuals FBYu2d0g2e3t 5/T3h1r/u23 P4r MoNjeoecnxtttehds P9r/oT3joe0tc/at2le3d AFBdYu2odp0gt2ee4td Revenues Carry Forward Surplus $ - $ - $ - $ - $ 100,000 Total Revenues $ - $ - $ - $ - $ 100,000 Expenditures Capital Outlay $ - $ - $ - $ - $ - Total Expenditures $ - $ - $ - $ - $ - Other Financing Sources/(Uses) Transfer In $ - $ - $ 100,000 $ 100,000 $ 50,000 Total Other Financing Sources/(Uses) $ - $ - $ 100,000 $ 100,000 $ 50,000 Excess Revenues/(Expenditures) $ - $ - $ 100,000 $ 100,000 $ 150,000 Poinciana Community Development District Adopted Budget Capital Reserve Fund 10