Arborwood Community Development District

Final Budget Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

FINAL TOTAL BUDGET

FINAL TOTAL BUDGET DETAIL

BUDGET COMPARISON

FINAL GENERAL FUND BUDGET

FINAL DEBT SERVICE FUND BUDGET -  2014 BOND

FINAL DEBT SERVICE FUND BUDGET - 2018 BOND

ASSESSMENTS RECAP - GL HOMES PARCELS

ASSESSMENTS RECAP - PULTE PARCELS

ASSESSMENTS RECAP - WCI PARCELS

ASSESSMENTS RECAP - OTHER PARCELS

GENERAL FUND METHODOLOGY

2014 BOND METHODOLOGY

2018 BOND METHODOLOGY

ON ROLL ASSESSMENT COMPARISON

TOTAL
FISCAL YEAR 2018/2019
October 1, 2018 - September 30, 2019

REVENUES 
GENERAL FUND ON ROLL ASSESSMENT		 	TOTAL 
341,141	
GENERAL FUND DIRECT BILL ASSESSMENT - PULTE			9,955	
GENERAL FUND DIRECT BILL ASSESSMENT - GL HOMES			365	
GENERAL FUND DIRECT BILL ASSESSMENT - WCI			23,809	
DEBT ON ROLL ASSESSMENT			2,808,004	
DEBT DIRECT BILL ASSESSMENT - PULTE			119,544	
DEBT DIRECT BILL ASSESSMENT - GL HOMES			3,949	
DEBT DIRECT BILL ASSESSMENT - WCI			1,012,891	
DEBT DIRECT BILL ASSESSMENT - OTHER			0	
OTHER INCOME / CARRYOVER BALANCE 		 	140,000	
Total Revenues 		  $ 	4,459,658	
EXPENDITURES 
PAYROLL TAX EXPENSE			

912	
SUPERVISOR FEES			12,000	
ENGINEERING			35,000	
MANAGEMENT			35,441	
LEGAL			38,000	
METHODOLOGY			0	
ASSESSMENT ROLL			5,000	
ANNUAL AUDIT			5,500	
ARBITRAGE REBATE FEE			3,500	
INSURANCE			15,000	
LEGAL ADVERTISING			5,500	
MISCELLANEOUS			2,800	
POSTAGE			1,300	
OFFICE SUPPLIES			2,200	
DUES & SUBSCRIPTIONS			175	
TRUSTEE FEES			37,000	
CONTINUING DISCLOSURE FEE			5,000	
AMORTIZATION SCHEDULE			500	
WEBSITE			1,500	
LAKE MAINTENANCE			0	
PROFESSIONAL FEE & PERMITS			2,000	
ELECTRICITY			1,000	
TREELINE PRESEVE MAINT - EXOCITS			4,000	
DRI TRAFFIC MONITORING			0	
ENVIROMENTAL CONSULTING - PASSARELLA			15,000	
PANTHER MITIGATION MAINT - EXOCITS			110,000	
STREET LIGHTING - UTILITY & MAINT			21,000	
CAPITAL OUTLAY - SMALL			1,000	
COUNTY APPRAISER & TAX COLLECTOR FEE			10,000	
FLOWWAY MAINT			4,600	
MITIGATION MONITORING - (PARCEL C ONLY)			6,200	
PRESERVE MAINT - (PARCEL C ONLY)			10,800	
LAKE MAINT - (SOMERSET ONLY)			46,100	
PRESERVE MAINT - (SOMERSET ONLY)			35,000	
INSPECTOR - (SOMERSET ONLY) 		 	28,000	
Total Expenditures 		  $ 	501,028	

EXCESS / (SHORTFALL)

$	3,958,630

DEBT PAYMENTS (2005 School Site)	0
DEBT PAYMENTS (2005 Master Infrastructure)	0
DEBT PAYMENTS (2006)	0
DEBT PAYMENTS (2014)	(1,278,793)
DEBT PAYMENTS (2018)	(2,553,275)
MISCELLANEOUS DEBT EXPENSE	0

BALANCE

$	126,562

DISCOUNTS FOR EARLY PAYMENTS	(125,966)

NET EXCESS / (SHORTFALL)

$	596

DETAILED TOTAL FISCAL YEAR 2018/2019
October 1, 2018 - September 30, 2019

GENERAL FUND

DEBT - SERIES 2014

DEBT - SERIES 2018

 	   A-1 & A-2	B	 	A-1 & A-2	 	TOTAL 

REVENUES 		
GENERAL FUND ON ROLL ASSESSMENT		341,141		0	0		0		341,141	
GENERAL FUND DIRECT BILL ASSESSMENT - PULTE		9,955		0	0		0		9,955	
GENERAL FUND DIRECT BILL ASSESSMENT - GL HOMES		365		0	0		0		365	
GENERAL FUND DIRECT BILL ASSESSMENT - WCI		23,809		0	0		0		23,809	
DEBT ON ROLL ASSESSMENT		0		276,982	0		2,531,022		2,808,004	
DEBT DIRECT BILL ASSESSMENT - PULTE		0		0	0		119,544		119,544	
DEBT DIRECT BILL ASSESSMENT - GL HOMES		0		0	0		3,949		3,949	
DEBT DIRECT BILL ASSESSMENT - WCI		0		322,891	690,000		0		1,012,891	
DEBT DIRECT BILL ASSESSMENT - OTHER		0		0	0		0		0	
OTHER INCOME / CARRYOVER BALANCE 	 	140,000	 	0 	0	 	0	 	140,000	
Total Revenues 	  $ 	515,270	  $ 	599,872 	$ 690,000	  $ 	2,654,515	  $ 	4,459,658	
EXPENDITURES 
PAYROLL TAX EXPENSE	912	0	0	0	912
SUPERVISOR FEES	12,000	0	0	0	12,000
ENGINEERING	35,000	0	0	0	35,000
MANAGEMENT	35,441	0	0	0	35,441
LEGAL	38,000	0	0	0	38,000
METHODOLOGY	0	0	0	0	0
ASSESSMENT ROLL	5,000	0	0	0	5,000
ANNUAL AUDIT	5,500	0	0	0	5,500
ARBITRAGE REBATE FEE	3,500	0	0	0	3,500
INSURANCE	15,000	0	0	0	15,000
LEGAL ADVERTISING	5,500	0	0	0	5,500
MISCELLANEOUS	2,800	0	0	0	2,800
POSTAGE	1,300	0	0	0	1,300
OFFICE SUPPLIES	2,200	0	0	0	2,200
DUES & SUBSCRIPTIONS	175	0	0	0	175
TRUSTEE FEES	37,000	0	0	0	37,000
CONTINUING DISCLOSURE FEE	5,000	0	0	0	5,000
AMORTIZATION SCHEDULE	500	0	0	0	500
WEBSITE	1,500	0	0	0	1,500
LAKE MAINTENANCE	0	0	0	0	0
PROFESSIONAL FEE & PERMITS	2,000	0	0	0	2,000
ELECTRICITY	1,000	0	0	0	1,000
TREELINE PRESEVE MAINT - EXOCITS	4,000	0	0	0	4,000
DRI TRAFFIC MONITORING	0	0	0	0	0
ENVIROMENTAL CONSULTING - PASSARELLA	15,000	0	0	0	15,000
PANTHER MITIGATION MAINT - EXOCITS	110,000	0	0	0	110,000
STREET LIGHTING - UTILITY & MAINT	21,000	0	0	0	21,000
CAPITAL OUTLAY - SMALL	1,000	0	0	0	1,000
COUNTY APPRAISER & TAX COLLECTOR FEE	10,000	0	0	0	10,000
FLOWWAY MAINT	4,600	0	0	0	4,600
MITIGATION MONITORING - (PARCEL C ONLY)	6,200	0	0	0	6,200
PRESERVE MAINT - (PARCEL C ONLY)	10,800	0	0	0	10,800
LAKE MAINT - (SOMERSET ONLY)	46,100	0	0	0	46,100
PRESERVE MAINT - (SOMERSET ONLY)	35,000	0	0	0	35,000
INSPECTOR - (SOMERSET ONLY)	 	28,000	 	0	0 	0 	28,000

Total Expenditures 

  $ 

501,028

  $ 

-	$ 

-	$ 

-	$ 

501,028

EXCESS / (SHORTFALL)		

$	14,242		$ 599,872	$ 690,000		

$	2,654,515		

$   3,958,630	

DEBT PAYMENTS (2005 School Site)		
0		
0	
0		
0		
0	
DEBT PAYMENTS (2005 Master Infrastructure)		0		0	0		0		0	
DEBT PAYMENTS (2006)		0		0	0		0		0	
DEBT PAYMENTS (2014)		0		(588,793)	(690,000)		0		(1,278,793)	
DEBT PAYMENTS (2018)		0		0	0		(2,553,275)		(2,553,275)	
MISCELLANEOUS DEBT EXPENSE		0		0	0		0		0	
BALANCE		$	14,242		$   11,079	$	-		$	101,241		$	126,562	

DISCOUNTS FOR EARLY PAYMENTS		
(13,646)		
(11,079)	
-		
(101,241)		
(125,966)	

NET EXCESS / (SHORTFALL)

$	596

$	-	$	-	$

-	$	596

BUDGET COMPARISON
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT

		FISCAL YEAR 2016/2017 ACTUAL *		FISCAL YEAR 2017/2018 ANNUAL BUDGET		FISCAL YEAR 2018/2019 ANNUAL BUDGET		
CHANGE +/(-) FROM PREVIOUS BUDGET	
									
REVENUES									

GENERAL FUND ON ROLL ASSESSMENT		200,921		337,632		341,141		3,509	

GENERAL FUND DIRECT BILL ASSESSMENT - PULTE		12,873		10,940		9,955		(985)	

GENERAL FUND DIRECT BILL ASSESSMENT - GL HOMES		7,873		15,591		365		(15,226)	

GENERAL FUND DIRECT BILL ASSESSMENT - WCI		17,263		17,094		23,809		6,715	

GENERAL FUND DIRECT BILL ASSESSMENT - OTHER		0		0		0		0	

DEBT ON ROLL ASSESSMENT		3,000,363		2,977,940		2,808,004		(169,936)	

DEBT DIRECT BILL ASSESSMENT - PULTE		79,246		134,092		119,544		(14,548)	

DEBT DIRECT BILL ASSESSMENT - GL HOMES		176,203		175,542		3,949		(171,593)	

DEBT DIRECT BILL ASSESSMENT - WCI		1,129,774		1,002,511		1,012,891		10,380	

DEBT DIRECT BILL ASSESSMENT - OTHER		0		0		0		0	

PREPAYMENTS		0		0		0		0	

MISCELLANEOUS DEBT INCOME		0		0		0		0	

GENERAL FUND INTEREST INCOME		0		0		0		0	

GENERAL FUND OTHER REVENUES		0		140,000		140,000		0	
									
Total Revenues		$     4,624,516		$	4,811,342		$	4,459,658			

EXPENDITURES									

PAYROLL TAX EXPENSE		750		912		912		0	

SUPERVISOR FEES		9,800		12,000		12,000		0	

ENGINEERING		41,691		40,000		35,000		(5,000)	

MANAGEMENT		34,000		34,712		35,441		729	

LEGAL		31,683		45,000		38,000		(7,000)	

IRS AUDIT		0		0		0		0	

ASSESSMENT ROLL		5,000		5,000		5,000		0	

ANNUAL AUDIT		5,350		5,700		5,500		(200)	

ARBITRAGE REBATE FEE		2,700		4,000		3,500		(500)	

INSURANCE		14,496		16,000		15,000		(1,000)	

LEGAL ADVERTISING		5,723		5,500		5,500		0	

MISCELLANEOUS		2,328		3,000		2,800		(200)	

POSTAGE		1,323		1,000		1,300		300	

OFFICE SUPPLIES		1,851		2,500		2,200		(300)	

DUES & SUBSCRIPTIONS		175		175		175		0	

TRUSTEE FEES		32,229		47,000		37,000		(10,000)	

CONTINUING DISCLOSURE FEE		4,750		5,000		5,000		0	

AMORTIZATION SCHEDULE		0		1,000		500		(500)	

WEBSITE		1,500		1,500		1,500		0	

LAKE MAINTENANCE		0		2,000		0		(2,000)	

PROFESSIONAL FEE & PERMITS		0		2,000		2,000		0	

ELECTRICITY		130		2,000		1,000		(1,000)	

TREELINE PRESEVE MAINT - EXOCITS		0		5,000		4,000		(1,000)	

DRI TRAFFIC MONITORING		0		10,000		0		(10,000)	

ENVIROMENTAL CONSULTING - PASSARELLA		23,146		15,000		15,000		0	

PANTHER MITIGATION MAINT - EXOCITS		55,569		84,000		110,000		26,000	

STREET LIGHTING - UTILITY & MAINT		15,779		15,000		21,000		6,000	

CAPITAL OUTLAY - SMALL		6,218		1,000		1,000		0	

COUNTY APPRAISER & TAX COLLECTOR FEE		5,728		66,312		10,000		(56,312)	

FLOWWAY MAINT		0		0		4,600		New Item - Est	

MITIGATION MONITORING - (PARCEL C ONLY)		0		5,000		6,200		1,200	

PRESERVE MAINT - (PARCEL C ONLY)		0		0		10,800		New Item - Est	

LAKE MAINT - (SOMERSET ONLY)		0		50,000		46,100		(3,900)	

PRESERVE MAINT - (SOMERSET ONLY)		0		45,000		35,000		(10,000)	

INSPECTOR - (SOMERSET ONLY)		0		35,000		28,000		(7,000)	
									
Total Expenditures		301,919		567,311		501,028			
									
EXCESS / (SHORTFALL)		$  4,322,597		$	4,244,031		$	3,958,630			

DEBT PAYMENTS (2005 - MI)		(2,120,428)		(2,123,539)		-		2,123,539	

DEBT PAYMENTS (2006)		(812,674)		(777,425)		-		777,425	

DEBT PAYMENTS (2014)		(1,334,813)		(1,209,995)		(1,278,793)		(68,798)	

DEBT PAYMENTS (2018)		0				(2,553,275)		(2,553,275)	

MISCELLANEOUS DEBT EXPENSE		0		-		-		0	
									
BALANCE		$	54,682		$	133,072		$	126,562			

DISCOUNTS FOR EARLY PAYMENTS		(111,620)		(132,623)		(125,966)		6,656	
									
NET EXCESS / (SHORTFALL)		$	(56,938)		$	450		$	596			

*   Un-audited figures

3

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND
FISCAL YEAR 2018/2019
October 1, 2018 - September 30, 2019

	FISCAL YEAR 2017/2018 ANNUAL BUDGET		FISCAL YEAR 2018/2019 ANNUAL BUDGET	
REVENUES					
ON ROLL ASSESSMENTS		337,632		341,141	
DIRECT BILL ASSESSMENTS - PULTE		10,940		9,955	
DIRECT BILL ASSESSMENTS - GL HOMES		15,591		365	
DIRECT BILL ASSESSMENTS - WCI		17,094		23,809	
INTEREST INCOME		0		0	
OTHER INCOME / CARRYOVER BALANCE		140,000		140,000	
Total Revenues		$	521,257		$	515,270	

EXPENDITURES					
PAYROLL TAX EXPENSE		912		912	
SUPERVISOR FEES		12,000		12,000	
ENGINEERING		40,000		35,000	
MANAGEMENT		34,712		35,441	
LEGAL		45,000		38,000	
METHODOLOGY		0		0	
ASSESSMENT ROLL		5,000		5,000	
ANNUAL AUDIT		5,700		5,500	
ARBITRAGE REBATE FEE		4,000		3,500	
INSURANCE		16,000		15,000	
LEGAL ADVERTISING		5,500		5,500	
MISCELLANEOUS		3,000		2,800	
POSTAGE		1,000		1,300	
OFFICE SUPPLIES		2,500		2,200	
DUES & SUBSCRIPTIONS		175		175	
TRUSTEE FEES		47,000		37,000	
CONTINUING DISCLOSURE FEE		5,000		5,000	
AMORTIZATION SCHEDULE		1,000		500	
WEBSITE		1,500		1,500	
LAKE MAINTENANCE		2,000		0	
PROFESSIONAL FEE & PERMITS		2,000		2,000	
ELECTRICITY		2,000		1,000	
TREELINE PRESEVE MAINT - EXOCITS		5,000		4,000	
DRI TRAFFIC MONITORING		10,000		0	
ENVIROMENTAL CONSULTING - PASSARELLA		15,000		15,000	
PANTHER MITIGATION MAINT - EXOCITS		84,000		110,000	
STREET LIGHTING - UTILITY & MAINT		15,000		21,000	
CAPITAL OUTLAY - SMALL		1,000		1,000	
COUNTY APPRAISER & TAX COLLECTOR FEE		6,753		10,000	
FLOWWAY MAINT		0		4,600	
MITIGATION MONITORING - (PARCEL C ONLY)		5,000		6,200	
PRESERVE MAINT - (PARCEL C ONLY)		0		10,800	
LAKE MAINT - (SOMERSET ONLY)		50,000		46,100	
PRESERVE MAINT - (SOMERSET ONLY)		45,000		35,000	
INSPECTOR - (SOMERSET ONLY)		35,000		28,000	
Total Expenditures		$	507,752		$	501,028	
EXCESS / (SHORTFALL)		$	13,505		$	14,242	

DISCOUNTS FOR EARLY PAYMENTS		
(13,505)		
(13,646)	
NET EXCESS / (SHORTFALL)		$	-		$	596	

Approximate Fund Balance as of 9-30-2017 = 220,000.00					

4

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2014 DEBT SERVICE FUND
FISCAL YEAR 2018/2019
October 1, 2018 - September 30, 2019

 	A-1	 	A-2 
FISCAL YEAR	FISCAL YEAR
2018/2019	2018/2019
   ANNUAL BUDGET	ANNUAL BUDGET 

REVENUES 
Net On Roll Assessments			

220,079		REVENUES 
Net On Roll Assessments			

45,823	
Direct Bill Assessments - WCI 		 	267,247		Direct Bill Assessments - WCI 		 	55,644	
Total Revenues 		  $ 	487,326		Total Revenues 		  $ 	101,467	

EXPENDITURES 					
EXPENDITURES 				
Principal Payments			136,461		Principal Payments			27,292	
Interest Payments			350,865		Interest Payments			74,175	
Miscellaneous 		 	0		Miscellaneous 		 	0	
Total Expenditures		$	487,326		Total Expenditures		$	101,467	

 	 	 	

Excess / (Shortfall)

$	-	Excess / (Shortfall)	$	-

*Note: Excess goes to increase bond fund balance

 	Series 2014 A-1 Bond Information	 	Series 2014 A-2 Bond Information 

Initial Par Amount =	$4,939,888	Initial Par Amount =	$1,041,652	
Maturity Par Amount =	$5,430,000	Maturity Par Amount =	$1,145,000	
Interest Rate =	6.90%	Interest Rate =	6.90%	
Issue Date =	Dec 2014	Issue Date =	Dec 2014	
Maturity Date =	May 2036	Maturity Date =	May 2036	
Annual Principal Payments Due = Annual Interest Payments Due =	N/A N/A	Annual Principal Payments Due = Annual Interest Payments Due =	N/A N/A	

 	B 

FISCAL YEAR 2018/2019
   ANNUAL BUDGET 

REVENUES 
Net On Roll Assessments	0
Direct Bill Assessments - WCI	 	690,000

Total Revenues 

  $ 

690,000

EXPENDITURES 
Principal Payments	0
Interest Payments	690,000
Miscellaneous	 	0

Total Expenditures 

  $ 

690,000  **

 	
Excess / (Shortfall)	$	-

**Note: Based on current bond balance and payoff checks already recieved.

Series 2014 B Bond Information
Initial Par Amount =	$9,097,400	
Maturity Par Amount =	$10,000,000	
Interest Rate =	6.90%	
Issue Date =	Dec 2014	
Maturity Date =
Annual Principal Payments Due =	May 2025
N/A	

FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2018 DEBT SERVICE FUND
FISCAL YEAR 2018/2019
October 1, 2018 - September 30, 2019

 	2018 A-1 & A-2 

FISCAL YEAR 2018/2019 ANNUAL BUDGET

REVENUES

Net On Roll Assessments	2,429,781
Direct Bill Assessments - Pulte	119,544	 

Series 2018 A-1 Bond Information

Direct Bill Assessments - GL Homes	3,949	Original Par Amount =	$24,465,000
Direct Bill Assessments - WCI	 	0	Average Interest Rate =	3.02%

Total Revenues

$	2,553,275

Maturity Date =	May 2036

Annual Principal Payments Due =	May 1st
EXPENDITURES	Annual Interest Payments Due =	May 1st & November 1st

Principal Payments A-1	1,065,000
Interest Payments A-1	751,431	 

Principal Payments A-2	325,000	 
Interest Payments A-2	406,766

Series 2018 A-2 Bond Information

Miscellaneous / Prepayment	 	5,078	Original Par Amount =	$8,740,000

Total Expenditures

Excess / (Shortfall)

$	2,553,275

$	-

Average Interest Rate =	4.65%

Maturity Date =	May 2036

Annual Principal Payments Due =	May 1st

*	Annual Interest Payments Due =	May 1st & November 1st

Arborwood Community Development District Assessment Recap - GL Homes Parcel
Fiscal Year 2018/2019 October 1, 2018 - September 30, 2019

GL HOMES PARCEL

PARCEL	PRODUCT TYPE	TOTAL UNITS	ON ROLL UNITS	DIRECT BILL UNITS	
A	Townhomes	256	240	16	
A	40' SF	365	365	0	
A	40' SF ‐ PO	2	2	0	
A	45' SF	276	276	0	
A	52' SF	512	564	(52)	
	52' SF ‐ PO	1	1	0	
A	62' SF	79	33	46	
Total		1,491	1,481	10	

GL HOMES ON ROLL

PARCEL	PRODUCT
TYPE	ON ROLL
UNITS	O&M GROSS
ON ROLL	2018 GROSS
ON ROLL	
A	Townhomes	240	9,112.56	71,280.00	
A	40' SF	365	13,858.69	136,145.00	
A	40' SF ‐ PO	2	75.94	0.00	
A	45' SF	276	10,479.45	107,640.00	
A	52' SF	564	21,414.53	232,932.00	
A	52' SF ‐ PO	1	37.97	0.00	
A	62' SF	33	1,252.98	14,949.00	
Total		1,481	56,232	562,946	

 	
ON ROLL GROSS PER UNIT TOTAL

$	334.97
$	410.97
$	37.97
$	427.97
$	450.97
$	37.97
$	490.97

GL HOMES DIRECT BILL

PARCEL	PRODUCT TYPE	DIRECT BILL UNITS	O&M NET DIRECT BILL	2018 NET DIRECT BILL	
A	Townhomes	16	583.20	4,561.92	
A	40' SF	0	0.00	0.00	
A	40' SF ‐ PO	0	0.00	0.00	
A	45' SF	0	0.00	0.00	
A	52' SF	(52)	(1,895.41)	(20,616.96)	
A	52' SF ‐ PO	0	0.00	0.00	
A	62' SF	46	1,676.71	20,004.48	
Total		10	365	3,949	

PO = Paid Off. There are a few home owners that have paid their bonds offs.

7

Arborwood Community Development District Assessment Recap - Pulte Parcels
Fiscal Year 2018/2019 October 1, 2018 - September 30, 2019

PULTE PARCELS

PARCEL	PRODUCT TYPE	TOTAL UNITS	ON ROLL UNITS	DIRECT BILL UNITS	
B	MF ‐ (2)	66	66	0	
B	MF ‐ (3)	37	37	0	
B	SF 42' ‐ (1)	101	152	(51)	
B	SF 42' ‐ (3)	39	39	0	
B	SF 55' ‐ (1)	265	173	92	
B	SF 55' ‐ (2)	1	1	0	
B	SF 55' ‐ (3)	69	69	0	
B	SF 67' ‐ (1)	173	62	111	
B	SF 67' ‐ (2)	38	38	0	
B	SF 67' ‐ (3)	91	91	0	
B	SF 67' ‐ (4)	33	33	0	
B	SF 75' ‐ (1)	1	0	1	
B	SF 75' ‐ (2)	34	34	0	
B	SF 75' ‐ (3)	3	3	0	
B	SF 75' ‐ (4)	27	27		
Total		978	825	153	

 	

PARCEL	PRODUCT TYPE	TOTAL UNITS	ON ROLL UNITS	DIRECT BILL UNITS	
D/E	MF ‐ (1)	43	43	0	
D/E	MF ‐ (2)	123	123	0	
D/E	MF ‐ (3)	27	27	0	
D/E	MF ‐ (4)	27	27	0	
D/E	SF 55' ‐ (1)	78	78	0	
D/E	SF 55' ‐ (2)	126	126	0	
D/E	SF 55' ‐ (3)	46	46	0	
D/E	SF 67' ‐ (1)	97	97	0	
D/E	SF 67' ‐ (2)	101	101	0	
D/E	SF 67' ‐ (3)	53	53	0	
D/E	SF 67' ‐ (4)	30	30	0	
D/E	SF 67' ‐ (5)	3	3	0	
D/E	SF 75' ‐ (1)	57	57	0	
D/E	SF 75' ‐ (2)	77	77	0	
D/E	SF 75' ‐ (3)	27	27	0	
D/E	SF 75' ‐ (4)	39	39	0	
D/E	SF 75' ‐ (5)	1	1	0	
Total		955	955	0	

PULTE ON ROLL

PARCEL	PRODUCT TYPE	ON ROLL UNITS	O&M GROSS ON ROLL	2018 DEBT GROSS ON ROLL	
B	MF ‐ (2)	66	4,473.18	84,216.00	
B	MF ‐ (3)	37	2,507.69	37,185.00	
B	SF 42' ‐ (1)	152	10,301.86	74,176.00	
B	SF 42' ‐ (3)	39	2,643.24	39,195.00	
B	SF 55' ‐ (1)	173	11,725.14	113,142.00	
B	SF 55' ‐ (2)	1	67.78	1,276.00	
B	SF 55' ‐ (3)	69	4,676.50	69,276.00	
B	SF 67' ‐ (1)	62	4,202.07	49,352.00	
B	SF 67' ‐ (2)	38	2,575.47	48,488.00	
B	SF 67' ‐ (3)	91	6,167.56	91,364.00	
B	SF 67' ‐ (4)	33	2,236.59	47,784.00	
B	SF 75' ‐ (1)	0	0.00	0.00	
B	SF 75' ‐ (2)	34	2,304.36	49,164.00	
B	SF 75' ‐ (3)	3	203.33	3,522.00	
B	SF 75' ‐ (4)	27	1,829.94	41,364.00	
D/E	MF ‐ (1)	43	8,079.98	21,414.00	
D/E	MF ‐ (2)	123	23,112.49	156,948.00	
D/E	MF ‐ (3)	27	5,073.47	27,135.00	
D/E	MF ‐ (4)	27	5,073.47	39,096.00	
D/E	SF 55' ‐ (1)	78	14,656.70	51,012.00	
D/E	SF 55' ‐ (2)	126	23,676.21	160,776.00	
D/E	SF 55' ‐ (3)	46	8,643.70	46,184.00	
D/E	SF 67' ‐ (1)	97	18,226.93	77,212.00	
D/E	SF 67' ‐ (2)	101	18,978.55	128,876.00	
D/E	SF 67' ‐ (3)	53	9,959.04	53,212.00	
D/E	SF 67' ‐ (4)	30	5,637.19	43,440.00	
D/E	SF 67' ‐ (5)	3	563.72	0.00	
D/E	SF 75' ‐ (1)	57	10,710.67	50,673.00	
D/E	SF 75' ‐ (2)	77	14,468.80	111,342.00	
D/E	SF 75' ‐ (3)	27	5,073.47	31,698.00	
D/E	SF 75' ‐ (4)	39	7,328.35	59,748.00	
D/E	SF 75' ‐ (5)	1	187.91	0.00	
Total		1,780	235,365	1,808,270	

 	
ON ROLL GROSS PER UNIT TOTAL

$	1,343.78
$	1,072.78
$	555.78
$	1,072.78
$	721.78
$	1,343.78
$	1,071.78
$	863.78
$	1,343.78
$	1,071.78
$	1,515.78
$	-
$	1,513.78
$	1,241.78
$	1,599.78
$	685.91
$	1,463.91
$	1,192.91
$	1,635.91
$	841.91
$	1,463.91
$	1,191.91
$	983.91
$	1,463.91
$	1,191.91
$	1,635.91
$	187.91
$	1,076.91
$	1,633.91
$	1,361.91
$	1,719.91
$	187.91

PULTE DIRECT BILL

PARCEL	PRODUCT TYPE	DIRECT BILL UNITS	O&M NET DIRECT BILL	2018 DEBT NET DIRECT BILL	
B	MF ‐ (2)	0	0.00	0.00	
B	MF ‐ (3)	0	0.00	0.00	
B	SF 42' ‐ (1)	(51)	(3,318.28)	(23,892.48)	
B	SF 42' ‐ (3)	0	0.00	0.00	
B	SF 55' ‐ (1)	92	5,985.92	57,761.28	
B	SF 55' ‐ (2)	0	0.00	0.00	
B	SF 55' ‐ (3)	0	0.00	0.00	
B	SF 67' ‐ (1)	111	7,222.15	84,821.76	
B	SF 67' ‐ (2)	0	0.00	0.00	
B	SF 67' ‐ (3)	0	0.00	0.00	
B	SF 67' ‐ (4)	0	0.00	0.00	
B	SF 75' ‐ (1)	1	65.06	853.44	
B	SF 75' ‐ (2)	0	0.00	0.00	
B	SF 75' ‐ (3)	0	0.00	0.00	
B	SF 75' ‐ (4)	0	0.00	0.00	
Total		153	9,955	119,544	

 	

PARCEL	PRODUCT TYPE	DIRECT BILL UNITS	O&M NET DIRECT BILL	2018 DEBT NET DIRECT BILL	
D/E	MF ‐ (1)	0	0.00	0.00	
D/E	MF ‐ (2)	0	0.00	0.00	
D/E	MF ‐ (3)	0	0.00	0.00	
D/E	MF ‐ (4)	0	0.00	0.00	
D/E	SF 55' ‐ (1)	0	0.00	0.00	
D/E	SF 55' ‐ (2)	0	0.00	0.00	
D/E	SF 55' ‐ (3)	0	0.00	0.00	
D/E	SF 67' ‐ (1)	0	0.00	0.00	
D/E	SF 67' ‐ (2)	0	0.00	0.00	
D/E	SF 67' ‐ (3)	0	0.00	0.00	
D/E	SF 67' ‐ (4)	0	0.00	0.00	
D/E	SF 67' ‐ (5)	0	0.00	0.00	
D/E	SF 75' ‐ (1)	0	0.00	0.00	
D/E	SF 75' ‐ (2)	0	0.00	0.00	
D/E	SF 75' ‐ (3)	0	0.00	0.00	
D/E	SF 75' ‐ (4)	0	0.00	0.00	
D/E	SF 75' ‐ (5)	0	0.00	0.00	
Total		0	0	0	

Full 2005A‐2 Assessments and Paid Off 2006A‐3 Assessments
Full 2005A‐2 Assessments and Full 2006A‐3 Assessments
Full 2005A‐2 Assessments and Partial Buydown 2006A‐3 Assessments
Full 2005A‐2 Assessments, Full 2006A‐3 Assessments and Full 2006A‐2 Assessments
All Bonds Paid Off ‐ Still Pay O&M

8

Assessment Recap - WCI Parcel
Fiscal Year 2018/2019 October 1, 2018 - September 30, 2019

WCI PARCEL

PARCEL	PRODUCT TYPE	TOTAL UNITS	ON ROLL UNITS	DIRECT BILL UNITS		
C	6 ‐ plex	102	24	78	
C	4 ‐ plex	168	72	96	
C	46' SF	107	62	45	
C	52' SF	267	126	141	
C	67' SF	75	35	40	
Total	719	319	400	

WCI ON ROLL

PARCEL	PRODUCT TYPE	ON ROLL UNITS	O&M GROSS ON ROLL	SERIES 2014 GROSS ON ROLL
A‐1 & A‐2 (Combined)	
C	6 ‐ plex	24	1,488.03	16,843.72	
C	4 ‐ plex	72	4,464.10	50,531.16	
C	46' SF	62	3,844.09	54,081.03	
C	52' SF	126	7,812.18	116,223.54	
C	67' SF	35	2,170.05	39,302.08	
Total		319	19,778	276,982	

 	
ON ROLL GROSS PER UNIT TOTAL

$	763.82
$	763.82
$	934.27
$	984.41
$	1,184.92

WCI HOMES DIRECT BILL

PARCEL	PRODUCT TYPE	DIRECT BILL UNITS	O&M NET DIRECT BILL	SERIES 2014 NET DIRECT BILL
A‐1 & A‐2 (Combined)	
C	6 ‐ plex	78	4,642.67	52,552.89	
C	4 ‐ plex	96	5,714.05	64,680.68	
C	46' SF	45	2,678.46	37,681.81	
C	52' SF	141	8,392.52	124,855.14	
C	67' SF	40	2,380.86	43,120.42	
Total	400	23,809	322,891	

Will Change when true up received 	

Assessment Recap -  Other Parcels
Fiscal Year 2018/2019 October 1, 2018 - September 30, 2019

OTHER PARCELS 

PARCEL	PRODUCT TYPE	TOTAL
UNITS / ACRES	ON ROLL UNITS	DIRECT BILL UNITS	

D/E	
Golf Course	
116	
116	
0	
G	Neighborhood Retail	21	21	0	
H-1	Retail/ Commercial	11	11	0	
H-2	RE Office	2	2	0	
Total		150	150	0	

OTHER ON ROLL

PARCEL	PRODUCT TYPE	ON ROLL UNITS	O&M GROSS ON ROLL	2018 GROSS ON ROLL	

D/E	
Golf Course	
116	
26,255.07	
123,556.00	
G	Neighborhood Retail	21	2,129.01	21,850.00	
H-1	Retail/ Commercial	11	1,131.23	11,900.00	
H-2	RE Office	2	249.70	2,500.00	
Total		150	29,765	159,806	

 	
ON ROLL GROSS TOTAL

$	149,811.07
$	23,979.01
$	13,031.23
$	2,749.70

OTHER DIRECT BILL

PARCEL	PRODUCT TYPE	DIRECT BILL UNITS	O&M NET DIRECT BILL	2018 GROSS DIRECT BILL	

D/E	
Golf Course	
0	
0.00	
0.00	
G	Neighborhood Retail	0	0.00	0.00	
H-1	Retail/ Commercial	0	0.00	0.00	
H-2	RE Office	0	0.00	0.00	
Total		0	0	0	

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT ANNUAL ASSESSMENT METHODOLOGY - GENERAL FUND O&M FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

Total Shared O&M Expenditures

$	234,928.00 A

Allocation of Expenditures and Assessment Per Unit

Tract	

Parcel	Allocation Per Parcel based on Gross Acre	age	Assessment Per Unit	
		
B			
A*B=C	
D	
C/D=E	
E/96%	
		
Gross Acreage	
% of Total Acreage	Allocation of Expenditures	
Projected Units	
Net Assmt per Unit	Gross Assmt per Unit (If On Roll)	
1	A	560.00	23.13%	$	54,347	1,491	$	36.45	$	37.97	
2	B	655.68	27.09%	$	63,633	978	$	65.06	$	67.78	
2	D/E	794.42	32.82%	$	77,098	955	$	80.73	$	84.09	
2	C	259.67	10.73%	$	25,201	709	$	35.54	$	37.02	
Total Residential Land Uses	2,269.77	93.76%	$	220,278	4,133	Gross Total Assmt (If On Roll)	
2	Golf Course (part of Tract 2 Parcel D/E)	116.23	4.80%	$	11,280		11,750	
3	Neighborhood  Retail‐G	21.06	0.87%	$	2,044		2,129	
4	Retail/ Commercial H‐1	11.19	0.46%	$	1,086		1,131	
5	RE Office‐H‐2	2.47	0.10%	$	240		250	
Total Non‐Residential Land Uses	150.95	6.24%	$	14,650		
Grand Total (Gross)	2,420.72	100.00%	$	234,928		

Total -Somerset Only- O&M Expenditures

$	109,100.00

Tract	
Parcel	
Gross Acreage	
% of Total Acreage	Allocation of Expenditures	
Projected Units	
Net Assmt per Unit	Gross Assmt per Unit (If On Roll)	
2	D/E	794.42	87.24%  $	95,175	955	$	99.66	$	103.81	
2	Golf Course (part of Tract 2 Parcel D/E)	116.23	12.76%  $	13,925		14,505	
Totals	
910.65	
100.00%  $	
109,100		

Total -Parcel C Only O&M Expenditures

$	17,000.00

Tract	
Parcel	
Gross Acreage	
% of Total Acreage	Allocation of Expenditures	
Projected Units	
Net Assmt per Unit	Gross Assmt per Unit (If On Roll)	
2	C	259.67	100.00%  $	17,000	709	$	23.98	$	24.98	

Based on new platt information 

Net 2014 A1 & A2 Principal & Interest Payment Due:	
Net Total MADs	
% Difference	
$	588,793.20	$	611,192.50	96.335%	

*

Parcel - Product Type	

Planned Units	

Platted Units ON
Roll	
Per Unit ERU Multiplied by
Net Due Grossed up = Assmt/Plttd.
Unit	

Assessments
Platted	

OFF Roll	
PARCEL C - 6 - Plex	102	24	$	701.82	$	16,843.72	$	52,553	
PARCEL C - 4 - Plex	168	72	$	701.82	$	50,531.16	$	64,681	
PARCEL C - 46' Single Family	107	62	$	872.27	$	54,081.03	$	37,682	
PARCEL C - 52' Single Family	267	126	$	922.41	$	116,223.54	$	124,855	
PARCEL C - 67' Single Family	75	35	$	1,122.92	$	39,302.08	$	43,120	
						
Grand Total	719	319		$	276,981.52	$    322,890.94	

 	

Per Unit ERUs
from Methodology	

Category Total using ERUs and Lot Count from Methodology	

Category % of ERUs Total = % of
Bond Assessment	
0.70	71.40	11.6718%	
0.70	117.60	19.2242%	
0.87	93.09	15.2175%	
0.92	245.64	40.1550%	
1.12	84.00	13.7315%	
			
	611.73	100.0000%	

Note: ERU's and Planned Units come directly from the Series 2014 Bond Methodology.

Parcel - Product Type	

Planned Units	
Platted Units
ON Roll	
Gross Annual
M.A.D	Total Assessments
Platted	

OFF Roll Net	
						
PARCEL A - Townhomes	256	240	297	71,280	4,562	
PARCEL A - Single Family 40'	365	365	373	136,145	0	
PARCEL A - Single Family 40' - PO	2	2	0	0	0	
PARCEL A - Single Family 45'	276	276	390	107,640	0	
PARCEL A - Single Family 52'	512	564	413	232,932	(20,617)	
PARCEL A - Single Family 52' - PO	1	1	0	0	0	
PARCEL A - Single Family 62'	79	33	453	14,949	20,004	

Subtotal Parcel A	
1,491	
1,481		
562,946	
3,949	
						
PARCELS B - Multi Family and Twin Villas - (2)	66	66	1,276	84,216	0	
PARCELS B - Multi Family and Twin Villas - (3)	37	37	1,005	37,185	0	
PARCELS B - Single Family 42' - (1)	101	152	488	74,176	(23,892)	
PARCELS B - Single Family 42' - (3)	39	39	1,005	39,195	0	
PARCELS B - Single Family 55' - (1)	265	173	654	113,142	57,761	
PARCELS B - Single Family 55' - (2)	1	1	1,276	1,276	0	
PARCELS B - Single Family 55' - (3)	69	69	1,004	69,276	0	
PARCELS B - Single Family 67' - (1)	173	62	796	49,352	84,822	
PARCELS B - Single Family 67' - (2)	38	38	1,276	48,488	0	
PARCELS B - Single Family 67' - (3)	91	91	1,004	91,364	0	
PARCELS B - Single Family 67' - (4)	33	33	1,448	47,784	0	
PARCELS B - Single Family 75' - (1)	1	0	889	0	853	
PARCELS B - Single Family 75' - (2)	34	34	1,446	49,164	0	
PARCELS B - Single Family 75' - (3)	3	3	1,174	3,522	0	
PARCELS B - Single Family 75' - (4)	27	27	1,532	41,364	0	

Subtotal Parcels B	
978	
825		
749,504	
119,544	
						
PARCELS D/E - Multi Family and Twin Villas - (1)	43	43	498	21,414	0	
PARCELS D/E - Multi Family and Twin Villas - (2)	123	123	1,276	156,948	0	
PARCELS D/E - Multi Family and Twin Villas - (3)	27	27	1,005	27,135	0	
PARCELS D/E - Multi Family and Twin Villas - (4)	27	27	1,448	39,096	0	
PARCELS D/E - Single Family 55' - (1)	78	78	654	51,012	0	
PARCELS D/E - Single Family 55' - (2)	126	126	1,276	160,776	0	
PARCELS D/E - Single Family 55' - (3)	46	46	1,004	46,184	0	
PARCELS D/E - Single Family 67' - (1)	97	97	796	77,212	0	
PARCELS D/E - Single Family 67' - (2)	101	101	1,276	128,876	0	
PARCELS D/E - Single Family 67' - (3)	53	53	1,004	53,212	0	
PARCELS D/E - Single Family 67' - (4)	30	30	1,448	43,440	0	
PARCELS D/E - Single Family 67' - (5)	3	3	0	0	0	
PARCELS D/E - Single Family 75' - (1)	57	57	889	50,673	0	
PARCELS D/E - Single Family 75' - (2)	77	77	1,446	111,342	0	
PARCELS D/E - Single Family 75' - (3)	27	27	1,174	31,698	0	
PARCELS D/E - Single Family 75' - (4)	39	39	1,532	59,748	0	
PARCELS D/E - Single Family 75' - (5)	1	1	0	0	0	

Subtotal Parcels D/E	
955	
955		
1,058,766	
0	

Total Residential Units Parcels A, B, D, E	
3,424	
3,261		
2,371,216	
123,493	

Other Land Uses					
GOLF COURSE	1	1	123,556	123,556	
PARCEL G (Neighborhood Retail)	1	1	21,850	21,850	
PARCEL H-1 (Retail / Commercial)	1	1	11,900	11,900	
PARCEL H-2 (RE Office)	1	1	2,500	2,500	
Other Land UseTotal				159,806	

Gross MADs when all platted

$2,659,661

Category Total MADs from Methodology	
	
76,032	
136,145	
0	
107,640	
211,456	
0	
35,787	

84,216	
37,185	
49,288	
39,195	
173,310	
1,276	
69,276	
137,708	
48,488	
91,364	
47,784	
889	
49,164	
3,522	
41,364	

21,414	
156,948	
27,135	
39,096	
51,012	
160,776	
46,184	
77,212	
128,876	
53,212	
43,440	
0	
50,673	
111,342	
31,698	
59,748	
0	
	
123,556	
21,850	
11,900	
2,500	

GRAND TOTAL	2,531,022	123,493	2,659,661

Arborwood Community Development District On Roll Assessment Comparsion
Fiscal Year 2018/2019 October 1, 2018 - September 30, 2019

Parcel	
Product Type	Gross
Fiscal Year 2016/2017
On Roll Assessment Per Unit	Gross
Fiscal Year 2017/2018
On Roll Assessment Per Unit	
GL Homes				
A	Townhomes	$382.07	$334.97	
A	40' SF	$470.67	$410.97	
A	40' SF - PO	$38.13	$37.97	
A	45' SF	$490.21	$427.97	
A	52' SF	$517.57	$450.97	
A	52' SF - PO	$38.13	$37.97	
A	62' SF	$563.89	$490.97	

Pulte
B	MF - (2)	$1,548.70	$1,343.78	
B	MF - (3)	$1,233.62	$1,072.78	
B	SF 42' - (1)	$634.54	$555.78	
B	SF 42' - (3)	$1,233.65	$1,072.78	
B	SF 55' - (1)	$827.02	$721.78	
B	SF 55' - (2)	$1,548.65	$1,343.78	
B	SF 55' - (3)	$1,233.58	$1,071.78	
B	SF 67' - (1)	$992.00	$863.78	
B	SF 67' - (2)	$1,548.57	$1,343.78	
B	SF 67' - (3)	$1,233.50	$1,071.78	
B	SF 67' - (4)	$1,748.57	$1,515.78	
B	SF 75' - (1)	$0.00	$0.00	
B	SF 75' - (2)	$1,745.99	$1,513.78	
B	SF 75' - (3)	$1,430.92	$1,241.78	
B	SF 75' - (4)	$1,845.99	$1,599.78	
D/E	MF - (1)	$788.24	$685.91	
D/E	MF - (2)	$1,691.41	$1,463.91	
D/E	MF - (3)	$1,376.34	$1,192.91	
D/E	MF - (4)	$1,891.41	$1,635.91	
D/E	SF 55' - (1)	$969.74	$841.91	
D/E	SF 55' - (2)	$1,691.37	$1,463.91	
D/E	SF 55' - (3)	$1,376.30	$1,191.91	
D/E	SF 67' - (1)	$1,134.72	$983.91	
D/E	SF 67' - (2)	$1,691.29	$1,463.91	
D/E	SF 67' - (3)	$1,376.22	$1,191.91	
D/E	SF 67' - (4)	$1,891.29	$1,635.91	
D/E	SF 67' - (5)	$210.78	$187.91	
D/E	SF 75' - (1)	$1,241.97	$1,076.91	
D/E	SF 75' - (2)	$1,888.71	$1,633.91	
D/E	SF 75' - (3)	$1,573.64	$1,361.91	
D/E	SF 75' - (4)	$1,988.71	$1,719.91	
D/E	SF 75' - (5)	$210.78	$187.91	
Full 2005A-2 Assessments and Paid Off 2006A-3 Assessments
Full 2005A-2 Assessments and Full 2006A-3 Assessments
Full 2005A-2 Assessments and Partial Buydown 2006A-3 Assessments
Full 2005A-2 Assessments, Full 2006A-3 Assessments and Full 2006A-2 Assessments
All Bonds Paid Off - Still Pay O&M

WCI		
	C	6 - Plex	$775.72	$763.82	
	C	4 - Plex	$775.72	$763.82	
	C	46' SF	$955.21	$934.27	
	C	52' SF	$1,008.01	$984.41	
	C	67' SF	$1,219.15	$1,184.92	

Others	
D/E	Golf Course	$172,884.84	$149,811.07	
G	Neighborhood Retail	$26,845.75	$23,979.01	
H-1	Retail/ Commercial	$14,263.64	$13,031.23	
H-2	RE Office	$3,148.41	$2,749.70	

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