Adopted Budget

Fiscal Year 2018

Amelia Walk

Community Development District

August 15, 2017

Amelia Walk

Community Development District

TABLE OF CONTENTS

General Fund

Budget	Page 1-2

Reserve Allocations	Page 3

Budget Narrative	Page 4-8

Debt Service Fund

Series 2012A-1

Budget	Page 9

Amortization Schedule	Page 10

Series 2012A-3

Budget	Page 11

Amortization Schedule	Page 12

Series 2016A-2

Budget	Page 13

Amortization Schedule	Page 14

Amelia Walk

Community Development District										General Fund	
											
		Adopted		Actual		Projected		Total		Adopted	
		Budget		Thru		Next		Projected		Budget	
Description		FY 2017	7/31/2017		2 Months	9/30/2017		FY 2018	
Revenues											
Maintenance Assessments-On Roll (Net)	$89,130	$90,057	$0	$90,057	$185,505	
Maintenance Assessments-Off Roll	$350,123	$283,865	$66,258	$350,123	$299,264	
Interest Income	$100	$107	$26	$133	$100	
Clubhouse Rental Fees	$500	$1,129	$0	$1,129	$500	
Carryforward Surplus	$0	$24,364	$0	$24,364	$0	
											
TOTAL REVENUES	$439,853	$399,522	$66,284	$465,806	$485,368	
Expenditures											
Administrative											
Supervisor Fees	$8,000	$7,800	$2,000	$9,800	$8,000	
FICA Expense	$612	$597	$153	$750	$612	
Engineering Fees	$5,000	$3,750	$1,250	$5,000	$5,000	
Assessment Roll Administration	$5,000	$5,000	$0	$5,000	$5,000	
Dissemination	$2,000	$1,667	$333	$2,000	$2,000	
Trustee Fees	$5,900	$10,775	$0	$10,775	$10,775	
Arbitrage	$1,200	$1,200	$0	$1,200	$1,200	
Attorney Fees	$18,000	$16,728	$8,364	$25,091	$18,000	
Annual Audit	$3,800	$3,800	$0	$3,800	$3,800	
Management Fees	$45,000	$37,500	$7,500	$45,000	$48,600	
Computer Time	$1,000	$833	$167	$1,000	$1,000	
Travel & Per Diem	$1,000	$1,068	$326	$1,393	$1,000	
Telephone	$300	$335	$53	$388	$300	
Postage	$600	$619	$120	$739	$600	
Printing & Binding	$1,200	$938	$187	$1,124	$1,200	
Insurance	$8,066	$7,923	$0	$7,923	$8,066	
Legal Advertising	$4,200	$6,657	$1,190	$7,847	$6,200	
Other Current Charges	$400	$520	$149	$669	$400	
Office Supplies	$200	$324	$25	$349	$200	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
											
TOTAL ADMINISTRATIVE	$111,653	$108,206	$21,817	$130,023	$122,128	
FIELD:											
Contract Services:											
Landscaping & Fertilization Maintenance	$74,124	$58,107	$11,621	$69,728	$98,512	
Fountain Maintenance	$1,545	$5,344	$0	$5,344	$1,500	
Lake Maintenance	$6,895	$5,725	$1,050	$6,775	$8,995	
Security	$6,600	$4,590	$1,200	$5,790	$4,200	
Refuse	$1,300	$1,736	$353	$2,089	$1,400	
Management Company		$9,784		$8,153		$1,631		$9,784		$15,120	
Subtotal Contract Services		$100,248		$83,655		$15,855		$99,510		$129,727	

Page 1

Amelia Walk

	Community Development District															General Fund	
																	
				Adopted			Actual			Projected			Total		Adopted	
				Budget			Thru			Next			Projected		Budget	
	Description			FY 2017			7/31/2017			2 Months	9/30/2017			FY 2018	
	Repairs & Maintenance:																
	Repairs & Maintenance	$32,499			$15,140			$3,028			$18,168			$39,184	
	Landscaping Extras (Flowers & Mulch)	$10,000			$22,853			$0			$22,853			$0	
	Irrigation Repairs			$2,000			$835			$167			$1,002			$3,000	
	Subtotal Repairs and Maintenance	$44,499			$38,828			$3,195			$42,023			$42,184	
	Utilities:																
	Electric	$18,500			$11,488			$2,298			$13,785			$15,500	
	Streetlighting	$9,000			$7,938			$1,588			$9,526			$10,000	
	Water & Wastewater			$60,000			$64,164			$18,026			$82,190			$71,000	
	Subtotal Utilities	$87,500			$83,590			$21,911			$105,502			$96,500	
	Amenity Center:																
	Insurance	$15,478			$14,417			$0			$14,417			$16,000	
	Pool Maintenance	$9,360			$9,300			$1,560			$10,860			$9,360	
	Pool Chemicals	$3,000			$1,505			$2,006			$3,511			$3,000	
	Pool Permit	$300			$265			$0			$265			$300	
	Amenity Attendant	$27,180			$19,601			$7,579			$27,180			$35,280	
	Telephone	$2,943			$0			$0			$0			$0	
	Cable TV/Internet/Telephone	$1,661			$2,845			$573			$3,419			$3,438	
	Janitorial Service	$8,336			$6,947			$1,389			$8,336			$12,001	
	Special Events	$3,600			$3,709			$0			$3,709			$5,000	
	Decorations-Holiday	$0			$2,809			$0			$2,809			$0	
	Facility Maintenance (including Fitness Equip)			$5,000			$452			$90.41			$542			$5,000	
	Subtotal Amenity Center	$76,858			$61,851			$13,197			$75,048			$89,379	
	Reserves:																
	Road Maintenance Reserves	$5,000			$0			$5,000			$5,000			$0	
	Capital Reserves			$14,095			$8,345			$355			$8,700			$5,450	
	Subtotal Reserves			$19,095			$8,345			$5,355			$13,700			$5,450	
																	
	TOTAL FIELD EXPENDITURES			$328,200			$276,269			$59,514			$335,783			$363,240	
																	
	TOTAL EXPENDITURES			$439,853			$384,475			$81,331			$465,805			$485,368	
																	
	FUND BALANCE	$0			$15,047			($15,047)			$0			$0	

							FY 2015			FY 2016			FY 2017			FY 2018	
		Net On Roll Assessment	$	86,380	$	86,380	$	89,729		$	185,505	
	Collection & Discounts (7%)		$	5,514		$	5,514		$	6,754		$	13,963	
				Gross Assessment	$	91,893	$	91,893	$	96,483		$	199,467	
																	
				No. of Units			153			153			153			287	
	Gross Per Unit Assessment	$	600.61	$	600.61	$	630.61		$	695.01	
												Annual % Increase		10%	
												Annual Increase	$	64.40	

Page 2

AMELIA WALK

COMMUNITY DEVELOPMENT DISTRICT

Exhibit "A"

Allocation of Operating Reserve

Description		Amount	
Beginning Balance - Carry Forward Surplus (As of 10/1/2016)		$92,019	
Less:			
Funding for First Quarter Operating Expenses	($67,656)		
Estimated Excess Expenditures over Revenues-FY 2017 (1)	($24,364)		
Reserved for Capital Projects / Renewal and Replacement	$0	($92,019)	
			
Total Undesignated Cash as of 9/30/2017		$0	

(1) First quarter operating expenditures are generally three months of the annual budget less amounts reserved for Capital Projects, which is approximately $120,450.

Page 3

Amelia Walk

Community Development District

General Fund Budget

Fiscal Year 2018

REVENUES:

Maintenance Assessments

The District General Fund expenditures will be placed on the Nassau County tax roll and assessments levied based on the General Fund budget.

Rental Income

Rental income earned from renting the Clubhouse for events and activities.

EXPENDITURES:

Administrative:

Supervisor Fees

The Florida Statutes allows each board member to receive $200 per meeting no to exceed $4,800 in one year. The amount for the fiscal year is based upon all five supervisors attending the estimated 8 meetings.

FICA Expense

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

Engineering

The District's engineering firm, McCranie & Associates, will be providing general engineering services to the District, including attendance and preparation for monthly board meetings, review invoices, etc.

Assessment Roll Administration

The District has contracted with Governmental Management Services, LLC to serve as the District’s collection agent and certify the District’s non ad-valorem assessments with the county tax collector.

Dissemination Agent

The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Trustee Fees

The District issued Series 2012 and 2016 Special Assessment Bonds which are held with a Trustee at US Bank. The amount of the trustee fees is based on the agreement between US Bank and the District.

Arbitrage

The District is required to annually have an arbitrage rebate calculation on the District's Series 2012 Special Assessment Bonds.

Attorney

The District's legal counsel, Hopping Green & Sams, will be providing general legal services to the District, including attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.

Page 4

Amelia Walk

Community Development District

General Fund Budget

Fiscal Year 2018

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC.

Computer Time

The District processes all of its financial activities, including accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services, LLC.

Telephone

Telephone and fax machine.

Postage

Mailing of agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Printing & Binding

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

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings etc in the Nassau County Record.

Other Current Charges

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

Office Supplies

Miscellaneous office supplies.

Dues, Licenses & Subscriptions

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

Page 5

Amelia Walk

Community Development District

General Fund Budget

Fiscal Year 2018

Field Expenditures:

Landscaping and Fertilization Maintenance:

The district has contracted with Martex to provide landscaping and fertilization maintenance.

Description	Monthly	Annually	
Martex	$8,209	$98,512	

Fountain Maintenance:

The District will contract with a firm to maintain its fountains.

Lake Maintenance

The District will contract with a company to provide monthly water management services to all the lakes, Phases 1 & 2, throughout the District.

Description	Monthly	Annually	
The Lake Doctors, Inc.	$700	$	8,400	
Grass Carp	One Time	$	595	
Total		$	8,995	

Refuse

This item includes the cost of garbage disposal for the District.

Management Company

The District has contracted with Evergreen Lifestyle Management, LLC for supervision and on-site management.

Repairs & Maintenance:

Repairs & Maintenance

Represents funds that will be used to make repairs, provide replacements and maintain equipment in the District.

Landscaping Extras

Represents any money set aside for landscaping extras that are not incorporated in regular landscaping costs.

Irrigation Repairs

Represents funds needed for repairs to the irrigation system of the district.

Page 6

Amelia Walk

Community Development District

General Fund Budget

Fiscal Year 2018

Utilities:

Electric

The cost of electricity for Amelia Walk CDD for the following accounts:

Account Number	Description	Annual Amount	
73913-05054	85057 MAJESTIC WALK BLVD.#LS	$500	
76801-07336	85359 MAJESTIC WALK BLVD.	$650	
79966-25336	85287 MAJESTIC WALK BLVD. CLUB	$10,800	
90653-46331	85257 MAJESTIC WALK BLVD. FTN	$3,400	
14381-88177	85108 MAJESTIC WALK BLVD. # IRR	$150	
			
Total		$15,500	

Streetlighting

This item includes the cost of street lighting for the following FPL account:

Account Number	Description	Annual Amount	
78458-32232	000 AMELIA CONCOURSE	$10,000	
Total		$10,000	

Water & Wastewater

The cost of water, sewer and irrigation services for Amelia Walk CDD for the following accounts:

Account Number	Description	Annual Amount	
66898811	85108 Majestic Walk Blvd. (IRR)	$12,000	
67204885	85287 Majestic Walk Blvd. (IRR)	$12,500	
67133220	85287 Majestic Walk Blvd. (IRR)	$17,500	
67579885	85287 Majestic Walk Blvd. (S)	$12,500	
67579885	85287 Majestic Walk Blvd. (W)	$8,000	
65440987	85287 Majestic Walk Blvd. (W)	$3,500	
Contingency		$5,000	
			
Total		$71,000	

Page 7

Amelia Walk

Community Development District

General Fund Budget

Fiscal Year 2018

Amenity Center:

Insurance

The cost to the District for its Amenity Center property insurance policy; Florida Insurance Alliance (FIA) specializes in providing insurance coverage to governmental agencies.

Pool Maintenance

The District has contracted with Crystal Clean Pool Service for the maintenance of the Amenity Center Swimming Pool.

Description	Monthly	Annually	
Crystal Clean Pool Service	$780	$9,360	

Pool Chemicals

Represents the cost of chemicals that will be used to maintain the pool.

Pool Permit

Represents Permit Fees paid to the Department of Health for the swimming pool.

Amenity Attendant

The District has contracted with Evergreen Lifestyle Management, LLC. who will provide someone to monitor the facility.

Cable TV/Internet/Telephone

Cost of cable, internet services, and telephone/fax used for the Amenity Center.

Janitorial Services

The District will contract with a qualified company to provide janitorial services for the Amenity Center.

Facility Maintenance

Cost of routine repairs and maintenance of the District’s common areas and Amenity Center.

Reserves:

Road Maintenance

Funds set aside for future repairs & replacements of the District owned roadways. Resurfacing costs are projected to be $350,000 (Phase 1-work estimated during FY 2023) and $135,000 (Phase 2-work estimated during FY 2033).

Capital Reserve

Funds set aside for future replacements of capital related items.

Page 8

Amelia Walk								Debt Service Fund	
Community Development District						Series 2012A-1 Special Assessment Revenue Bonds	
											
		Adopted		Actual		Projected		Total	Adopted	
		Budget		Thru		Next		Projected	Budget	
Description		FY 2017	7/31/2017		2 Months	9/30/2017		FY 2018	
Revenues											
Special Assessments-On Roll (Net)	$122,932	$123,382	$0	$123,382		$122,932	
Special Assessments-A Prepayments	$0	$20,037	$0	$20,037		$0	
Interest Income	$0	$297	$28	$325		$0	
Carry Forward Surplus (1)	$76,268	$75,828	$0	$75,828		$71,521	
											
TOTAL REVENUES	$199,200	$219,543	$28	$219,571		$194,453	
Expenditures											
Series 2012A-1											
Interest - 11/01	$41,525	$41,525	$0	$41,525		$39,738	
Interest - 05/01	$41,525	$41,525	$0	$41,525		$39,738	
Principal - 05/01	$40,000	$40,000	$0	$40,000		$40,000	
Special Call - 05/01	$0	$25,000	$0	$25,000		$0	
							
TOTAL EXPENDITURES		$123,050		$148,050		$0		$148,050		$119,475	
							
EXCESS REVENUES		$76,150		$71,493		$28		$71,521		$74,978	
							Interest Expense 11/1/2018	$38,637.50	
										$38,637.50	

(1) Carry forward surplus is net of the reserve requirement.

Page 9

Amelia Walk										Amortization Schedule	
Community Development District								Series 2012A-1,	Special Assessment Bonds	
																
DATE			BALANCE		RATE			PRINCIPAL			INTEREST				TOTAL	
05/01/17		$	1,510,000	5.50%	$	65,000.00	(1)	$	41,525.00	$	-	
11/01/17		$	1,445,000	5.50%	$	-		$	39,737.50	$	146,262.50	
05/01/18		$	1,445,000	5.50%	$	40,000.00		$	39,737.50	$	-	
11/01/18		$	1,405,000	5.50%	$	-		$	38,637.50	$	118,375.00	
05/01/19		$	1,405,000	5.50%	$	45,000.00		$	38,637.50	$	-	
11/01/19		$	1,360,000	5.50%	$	-		$	37,400.00	$	121,037.50	
05/01/20		$	1,360,000	5.50%	$	45,000.00		$	37,400.00	$	-	
11/01/20		$	1,315,000	5.50%	$	-		$	36,162.50	$	118,562.50	
05/01/21		$	1,315,000	5.50%	$	50,000.00		$	36,162.50	$	-	
11/01/21		$	1,265,000	5.50%	$	-		$	34,787.50	$	120,950.00	
05/01/22		$	1,265,000	5.50%	$	50,000.00		$	34,787.50	$	-	
11/01/22		$	1,215,000	5.50%	$	-		$	33,412.50	$	118,200.00	
05/01/23		$	1,215,000	5.50%	$	55,000.00		$	33,412.50	$	-	
11/01/23		$	1,160,000	5.50%	$	-		$	31,900.00	$	120,312.50	
05/01/24		$	1,160,000	5.50%	$	55,000.00		$	31,900.00	$	-	
11/01/24		$	1,105,000	5.50%	$	-		$	30,387.50	$	117,287.50	
05/01/25		$	1,105,000	5.50%	$	60,000.00		$	30,387.50	$	-	
11/01/25		$	1,045,000	5.50%	$	-		$	28,737.50	$	119,125.00	
05/01/26		$	1,045,000	5.50%	$	65,000.00		$	28,737.50	$	-	
11/01/26		$	980,000	5.50%	$	-		$	26,950.00	$	120,687.50	
05/01/27		$	980,000	5.50%	$	65,000.00		$	26,950.00	$	-	
11/01/27		$	915,000	5.50%	$	-		$	25,162.50	$	117,112.50	
05/01/28		$	915,000	5.50%	$	70,000.00		$	25,162.50	$	-	
11/01/28		$	845,000	5.50%	$	-		$	23,237.50	$	118,400.00	
05/01/29		$	845,000	5.50%	$	75,000.00		$	23,237.50	$	-	
11/01/29		$	770,000	5.50%	$	-		$	21,175.00	$	119,412.50	
05/01/30		$	770,000	5.50%	$	80,000.00		$	21,175.00	$	-	
11/01/30		$	690,000	5.50%	$	-		$	18,975.00	$	120,150.00	
05/01/31		$	690,000	5.50%	$	85,000.00		$	18,975.00	$	-	
11/01/31		$	605,000	5.50%	$	-		$	16,637.50	$	120,612.50	
05/01/32		$	605,000	5.50%	$	90,000.00		$	16,637.50	$	-	
11/01/32		$	515,000	5.50%	$	-		$	14,162.50	$	120,800.00	
05/01/33		$	515,000	5.50%	$	90,000.00		$	14,162.50	$	-	
11/01/33		$	425,000	5.50%	$	-		$	11,687.50	$	115,850.00	
05/01/34		$	425,000	5.50%	$	95,000.00		$	11,687.50	$	-	
11/01/34		$	330,000	5.50%	$	-		$	9,075.00	$	115,762.50	
05/01/35		$	330,000	5.50%	$	105,000.00		$	9,075.00	$	-	
11/01/35		$	225,000	5.50%	$	-		$	6,187.50	$	120,262.50	
05/01/36		$	225,000	5.50%	$	110,000.00		$	6,187.50	$	-	
11/01/36		$	115,000	5.50%	$	-		$	3,162.50	$	119,350.00	
05/01/37		$	115,000	5.50%	$	115,000.00		$	3,162.50	$	118,162.50	
																
Total							$	1,510,000.00		$	1,016,675.00			$	2,526,675.00	

(1) Includes $25,000 Special Call.

Page 10

Amelia Walk								Debt Service Fund	
Community Development District						Series 2012A-3 Special Assessment Revenue Bonds	
											
		Adopted		Actual		Projected		Total	Adopted	
		Budget		Thru		Next		Projected	Budget	
Description		FY 2017	7/31/2017		2 Months	9/30/2017		FY 2018	
Revenues											
Special Assessments-Off Roll	$395,471	$253,102	$142,370	$395,471		$395,471	
Interest Income	$0	$74	$10	$84		$0	
Carry Forward Surplus (1)	$171,229	$171,230	$0	$171,230		$176,411	
											
TOTAL REVENUES	$566,701	$424,406	$142,380	$566,786		$571,882	
Expenditures											
Series 2012A-1											
Interest - 11/01	$132,688	$132,688	$0	$132,688		$129,250	
Interest - 05/01	$132,688	$132,688	$0	$132,688		$129,250	
Principal - 05/01	$125,000	$125,000	$0	$125,000		$135,000	
							
TOTAL EXPENDITURES		$390,375		$390,375		$0		$390,375		$393,500	
							
EXCESS REVENUES		$176,326		$34,031		$142,380		$176,411		$178,382	
							Interest Expense 11/1/2018	$125,537.50	
										$125,537.50	

(1) Carry forward surplus is net of the reserve requirement.

Page 11

Amelia Walk										Amortization Schedule	
Community Development District								Series 2012A-3,	Special Assessment Bonds	
																
DATE			BALANCE		RATE			PRINCIPAL			INTEREST				TOTAL	
05/01/17		$	4,825,000	5.50%	$	125,000.00	$	132,687.50	$	-	
11/01/17		$	4,700,000	5.50%	$	-	$	129,250.00	$	386,937.50	
05/01/18		$	4,700,000	5.50%	$	135,000.00	$	129,250.00	$	-	
11/01/18		$	4,565,000	5.50%	$	-	$	125,537.50	$	389,787.50	
05/01/19		$	4,565,000	5.50%	$	140,000.00	$	125,537.50	$	-	
11/01/19		$	4,425,000	5.50%	$	-	$	121,687.50	$	387,225.00	
05/01/20		$	4,425,000	5.50%	$	150,000.00	$	121,687.50	$	-	
11/01/20		$	4,275,000	5.50%	$	-	$	117,562.50	$	389,250.00	
05/01/21		$	4,275,000	5.50%	$	155,000.00	$	117,562.50	$	-	
11/01/21		$	4,120,000	5.50%	$	-	$	113,300.00	$	385,862.50	
05/01/22		$	4,120,000	5.50%	$	165,000.00	$	113,300.00	$	-	
11/01/22		$	3,955,000	5.50%	$	-	$	108,762.50	$	387,062.50	
05/01/23		$	3,955,000	5.50%	$	175,000.00	$	108,762.50	$	-	
11/01/23		$	3,780,000	5.50%	$	-	$	103,950.00	$	387,712.50	
05/01/24		$	3,780,000	5.50%	$	185,000.00	$	103,950.00	$	-	
11/01/24		$	3,595,000	5.50%	$	-	$	98,862.50	$	387,812.50	
05/01/25		$	3,595,000	5.50%	$	195,000.00	$	98,862.50	$	-	
11/01/25		$	3,400,000	5.50%	$	-	$	93,500.00	$	387,362.50	
05/01/26		$	3,400,000	5.50%	$	205,000.00	$	93,500.00	$	-	
11/01/26		$	3,195,000	5.50%	$	-	$	87,862.50	$	386,362.50	
05/01/27		$	3,195,000	5.50%	$	220,000.00	$	87,862.50	$	-	
11/01/27		$	2,975,000	5.50%	$	-	$	81,812.50	$	389,675.00	
05/01/28		$	2,975,000	5.50%	$	230,000.00	$	81,812.50	$	-	
11/01/28		$	2,745,000	5.50%	$	-	$	75,487.50	$	387,300.00	
05/01/29		$	2,745,000	5.50%	$	245,000.00	$	75,487.50	$	-	
11/01/29		$	2,500,000	5.50%	$	-	$	68,750.00	$	389,237.50	
05/01/30		$	2,500,000	5.50%	$	255,000.00	$	68,750.00	$	-	
11/01/30		$	2,245,000	5.50%	$	-	$	61,737.50	$	385,487.50	
05/01/31		$	2,245,000	5.50%	$	270,000.00	$	61,737.50	$	-	
11/01/31		$	1,975,000	5.50%	$	-	$	54,312.50	$	386,050.00	
05/01/32		$	1,975,000	5.50%	$	285,000.00	$	54,312.50	$	-	
11/01/32		$	1,690,000	5.50%	$	-	$	46,475.00	$	385,787.50	
05/01/33		$	1,690,000	5.50%	$	300,000.00	$	46,475.00	$	-	
11/01/33		$	1,390,000	5.50%	$	-	$	38,225.00	$	384,700.00	
05/01/34		$	1,390,000	5.50%	$	320,000.00	$	38,225.00	$	-	
11/01/34		$	1,070,000	5.50%	$	-	$	29,425.00	$	387,650.00	
05/01/35		$	1,070,000	5.50%	$	340,000.00	$	29,425.00	$	-	
11/01/35		$	730,000	5.50%	$	-	$	20,075.00	$	389,500.00	
05/01/36		$	730,000	5.50%	$	355,000.00	$	20,075.00	$	-	
11/01/36		$	375,000	5.50%	$	-	$	10,312.50	$	385,387.50	
05/01/37		$	375,000	5.50%	$	375,000.00	$	10,312.50	$	385,312.50	
																
Total							$	4,825,000.00		$	3,306,462.50			$	8,131,462.50	

Page 12

Amelia Walk								Debt Service Fund	
Community Development District						Series 2016A-2 Special Assessment Revenue Bonds	
											
		Adopted		Actual		Projected		Total	Adopted	
		Budget		Thru		Next		Projected	Budget	
Description		FY 2017	7/31/2017		2 Months	9/30/2017		FY 2018	
Revenues											
Special Assessments	$0	$0	$0	$0		$280,925	
Special Assessments-Prepayments	$0	$20,000	$0	$20,000		$0	
Interest Income	$0	$736	$124	$860		$0	
Carry Forward Surplus (1)	$337,295	$337,301	$0	$337,301		$133,311	
											
TOTAL REVENUES	$337,295	$358,037	$124	$358,161		$414,236	
Expenditures											
Series 2016A-1											
Interest - 11/01	$112,425	$112,425	$0	$112,425		$112,425	
Special Call - 11/01	$0	$0	$0	$0		$20,000	
Interest - 05/01	$112,425	$112,425	$0	$112,425		$112,425	
Principal - 05/01	$0	$0	$0	$0		$0	
							
TOTAL EXPENDITURES		$224,850		$224,850		$0		$224,850		$244,850	
							
EXCESS REVENUES		$112,445		$133,187		$124		$133,311		$169,386	
							Interest Expense 11/1/2018	$112,425.00	
							Principal Expense 11/1/2018	$55,000.00	
										$167,425.00	

(1) Carry forward surplus is net of the reserve requirement.

Page 13

Amelia Walk							Amortization Schedule	
Community Development District						Series 2016-02, Special Assessment Bonds (1)	
														
DATE			BALANCE			PRINCIPAL			INTEREST				TOTAL	
05/01/17	$	3,875,000	$	-	$	112,425.00	$	-	
11/01/17	$	3,875,000	$	-	$	112,425.00	$	224,850.00	
05/01/18	$	3,875,000	$	-	$	112,425.00	$	-	
11/01/18	$	3,875,000	$	55,000.00	$	112,425.00	$	279,850.00	
05/01/19	$	3,820,000	$	-	$	111,256.25	$	-	
11/01/19	$	3,820,000	$	55,000.00	$	111,256.25	$	277,512.50	
05/01/20	$	3,765,000	$	-	$	110,087.50	$	-	
11/01/20	$	3,765,000	$	60,000.00	$	110,087.50	$	280,175.00	
05/01/21	$	3,705,000	$	-	$	108,812.50	$	-	
11/01/21	$	3,705,000	$	60,000.00	$	108,812.50	$	277,625.00	
05/01/22	$	3,645,000	$	-	$	107,537.50	$	-	
11/01/22	$	3,645,000	$	65,000.00	$	107,537.50	$	280,075.00	
05/01/23	$	3,580,000	$	-	$	105,750.00	$	-	
11/01/23	$	3,580,000	$	65,000.00	$	105,750.00	$	276,500.00	
05/01/24	$	3,515,000	$	-	$	103,962.50	$	-	
11/01/24	$	3,515,000	$	70,000.00	$	103,962.50	$	277,925.00	
05/01/25	$	3,445,000	$	-	$	102,037.50	$	-	
11/01/25	$	3,445,000	$	75,000.00	$	102,037.50	$	279,075.00	
05/01/26	$	3,370,000	$	-	$	99,975.00	$	-	
11/01/26	$	3,370,000	$	80,000.00	$	99,975.00	$	279,950.00	
05/01/27	$	3,290,000	$	-	$	97,775.00	$	-	
11/01/27	$	3,290,000	$	85,000.00	$	97,775.00	$	280,550.00	
05/01/28	$	3,205,000	$	-	$	95,437.50	$	-	
11/01/28	$	3,205,000	$	90,000.00	$	95,437.50	$	280,875.00	
05/01/29	$	3,115,000	$	-	$	92,962.50	$	-	
11/01/29	$	3,115,000	$	95,000.00	$	92,962.50	$	280,925.00	
05/01/30	$	3,020,000	$	-	$	90,350.00	$	-	
11/01/30	$	3,020,000	$	100,000.00	$	90,350.00	$	280,700.00	
05/01/31	$	2,920,000	$	-	$	87,600.00	$	-	
11/01/31	$	2,920,000	$	105,000.00	$	87,600.00	$	280,200.00	
05/01/32	$	2,815,000	$	-	$	84,450.00	$	-	
11/01/32	$	2,815,000	$	110,000.00	$	84,450.00	$	278,900.00	
05/01/33	$	2,705,000	$	-	$	81,150.00	$	-	
11/01/33	$	2,705,000	$	115,000.00	$	81,150.00	$	277,300.00	
05/01/34	$	2,590,000	$	-	$	77,700.00	$	-	
11/01/34	$	2,590,000	$	125,000.00	$	77,700.00	$	280,400.00	
05/01/35	$	2,465,000	$	-	$	73,950.00	$	-	
11/01/35	$	2,465,000	$	130,000.00	$	73,950.00	$	277,900.00	
05/01/36	$	2,335,000	$	-	$	70,050.00	$	-	
11/01/36	$	2,335,000	$	140,000.00	$	70,050.00	$	280,100.00	
05/01/37	$	2,195,000	$	-	$	65,850.00	$	-	
11/01/37	$	2,195,000	$	145,000.00	$	65,850.00	$	276,700.00	
05/01/38	$	2,050,000	$	-	$	61,500.00	$	-	
11/01/38	$	2,050,000	$	155,000.00	$	61,500.00	$	278,000.00	
05/01/39	$	1,895,000	$	-	$	56,850.00	$	-	
11/01/39	$	1,895,000	$	165,000.00	$	56,850.00	$	278,700.00	
05/01/40	$	1,730,000	$	-	$	51,900.00	$	-	
11/01/40	$	1,730,000	$	175,000.00	$	51,900.00	$	278,800.00	
05/01/41	$	1,555,000	$	-	$	46,650.00	$	-	
11/01/41	$	1,555,000	$	185,000.00	$	46,650.00	$	278,300.00	
05/01/42	$	1,370,000	$	-	$	41,100.00	$	-	
11/01/42	$	1,370,000	$	195,000.00	$	41,100.00	$	277,200.00	
05/01/43	$	1,175,000	$	-	$	35,250.00	$	-	
11/01/43	$	1,175,000	$	210,000.00	$	35,250.00	$	280,500.00	
05/01/44	$	965,000	$	-	$	28,950.00	$	-	
11/01/44	$	965,000	$	220,000.00	$	28,950.00	$	277,900.00	
05/01/45	$	745,000	$	-	$	22,350.00	$	-	
11/01/45	$	745,000	$	235,000.00	$	22,350.00	$	279,700.00	
05/01/46	$	510,000	$	-	$	15,300.00	$	-	
11/01/46	$	510,000	$	250,000.00	$	15,300.00	$	280,600.00	
05/01/47	$	260,000	$	-	$	7,800.00	$	-	
11/01/47	$	260,000	$	260,000.00	$	7,800.00	$	275,600.00	
														
Total					$	3,875,000		$	4,718,387.50			$	8,593,387.50	

(1)  Please note that the Series 2016 Special Assessment Revenue Bonds has 3 maturities.

Page 14