Arborwood Community Development District

Final Budget
For Fiscal Year 2017/2018 October 1, 2017 - September 30, 2018

CONTENTS

1	FINAL TOTAL BUDGET	
2	FINAL TOTAL BUDGET DETAIL	
3	BUDGET COMPARISON	
4	FINAL GENERAL FUND BUDGET	
5	FINAL DEBT SERVICE FUND BUDGET-2005 MASTER INFRASTRUCTURE BOND	
6	FINAL DEBT SERVICE FUND BUDGET-2006 BOND	
7	FINAL DEBT SERVICE FUND BUDGET-2014 BOND	
8	ASSESSMENTS RECAP - GL HOMES PARCELS	
9	ASSESSMENTS RECAP - PULTE PARCELS	
10	ASSESSMENTS RECAP - WCI PARCELS	
11	ASSESSMENTS RECAP - OTHER PARCELS	
12	GENERAL FUND METHODOLOGY	
13	2005 MASTER INFRASTRUCTURE BOND METHODOLOGY	
14	2006 BOND METHODOLOGY	
15	2014 BOND METHODOLOGY	
16	ON ROLL ASSESSMENT COMPARISON	

FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT TOTAL
FISCAL YEAR 2017/2018
October 1, 2017 - September 30, 2018

 REVENUES 			 	TOTAL 		
GENERAL FUND ON ROLL ASSESSMENT		337,632	
GENERAL FUND DIRECT BILL ASSESSMENT - PULTE		10,940	
GENERAL FUND DIRECT BILL ASSESSMENT - GL HOMES		15,591	
GENERAL FUND DIRECT BILL ASSESSMENT - WCI		17,094	
DEBT ON ROLL ASSESSMENT		2,977,940	
DEBT DIRECT BILL ASSESSMENT - PULTE		134,092	
DEBT DIRECT BILL ASSESSMENT - GL HOMES		175,542	
DEBT DIRECT BILL ASSESSMENT - WCI		1,002,511	
DEBT DIRECT BILL ASSESSMENT - OTHER		0	
 OTHER INCOME / CARRYOVER BALANCE 			 	140,000	
 Total Revenues 			  $	4,811,342 		
 EXPENDITURES 		
PAYROLL TAX EXPENSE		912	
SUPERVISOR FEES		12,000	
ENGINEERING		40,000	
MANAGEMENT		34,712	
LEGAL		45,000	
METHODOLOGY		0	
ASSESSMENT ROLL		5,000	
ANNUAL AUDIT		5,700	
ARBITRAGE REBATE FEE		4,000	
INSURANCE		16,000	
LEGAL ADVERTISING		5,500	
MISCELLANEOUS		3,000	
POSTAGE		1,000	
OFFICE SUPPLIES		2,500	
DUES & SUBSCRIPTIONS		175	
TRUSTEE FEES		47,000	
CONTINUING DISCLOSURE FEE		5,000	
AMORTIZATION SCHEDULE		1,000	
WEBSITE		1,500	
LAKE MAINTENANCE		2,000	
PROFESSIONAL FEE & PERMITS		2,000	
ELECTRICITY		2,000	
OFF-SITE MITIGATION MAINT - TREELINE		5,000	
DRI MONITORING		10,000	
WETLAND MONITORING - PASSARELLA		15,000	
OFF-SITE MITIGATION MAINT - PANTHER		84,000	
MITIGATION MAINT - PARCEL C		5,000	
STREET LIGHTING - UTILITY		15,000	
CAPITAL OUTLAY - SMALL		1,000	
NEW - LAKE MAINT (SOMERSET ONLY)		50,000	
NEW - PRESERVE MAINT (SOMERSET ONLY)		45,000	
 NEW FIELD INSPECTOR (SOMERSET ONLY) 			 	35,000	
 Total Expenditures 			  $	500,999 		
EXCESS / (SHORTFALL)		$	4,310,343	

DEBT PAYMENTS (2005 School Site)		
0	
DEBT PAYMENTS (2005 Master Infrastructure)		(2,123,539)	
DEBT PAYMENTS (2006)		(777,425)	
DEBT PAYMENTS (2014)		(1,209,995)	
MISCELLANEOUS DEBT EXPENSE		0	
BALANCE		$	199,384	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(66,312)	
DISCOUNTS FOR EARLY PAYMENTS		(132,623)	
NET EXCESS / (SHORTFALL)		$	450	

1

FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT DETAILED TOTAL
FISCAL YEAR 2017/2018
October 1, 2017 - September 30, 2018

GENERAL FUND	DEBT - SERIES 2005
MASTER INFRA.

DEBT - SERIES 2006

DEBT - SERIES 2014

 	A-2		A-2 *	A-3	A-1 & A-2	B		TOTAL 	
 REVENUES 	
GENERAL FUND ON ROLL ASSESSMENT	
337,632	
0	
0	
0	
0	
0	
337,632	
GENERAL FUND DIRECT BILL ASSESSMENT - PULTE	10,940	0	0	0	0	0	10,940	
GENERAL FUND DIRECT BILL ASSESSMENT - GL HOMES	15,591	0	0	0	0	0	15,591	
GENERAL FUND DIRECT BILL ASSESSMENT - WCI	17,094	0	0	0	0	0	17,094	
DEBT ON ROLL ASSESSMENT	0	1,929,686	24,800	802,726	220,728	0	2,977,940	
DEBT DIRECT BILL ASSESSMENT - PULTE	0	134,092	0	0	0	0	134,092	
DEBT DIRECT BILL ASSESSMENT - GL HOMES	0	175,542	0	0	0	0	175,542	
DEBT DIRECT BILL ASSESSMENT - WCI	0	0	0	0	399,631	602,880	1,002,511	
DEBT DIRECT BILL ASSESSMENT - OTHER	0	0	0	0	0	0	0	
 OTHER INCOME / CARRYOVER BALANCE		140,000	 	0	 	0	0	 	0	0	 	140,000	
 Total Revenues	$	521,257 		  $	2,239,320 		  $    24,800    $ 802,726 		  $  620,359    $  602,880 		  $    4,811,342 		

 EXPENDITURES 	
PAYROLL TAX EXPENSE	
912	
0	
0	
0	
0	
0	
912	
SUPERVISOR FEES	12,000	0	0	0	0	0	12,000	
ENGINEERING	40,000	0	0	0	0	0	40,000	
MANAGEMENT	34,712	0	0	0	0	0	34,712	
LEGAL	45,000	0	0	0	0	0	45,000	
METHODOLOGY	0	0	0	0	0	0	0	
ASSESSMENT ROLL	5,000	0	0	0	0	0	5,000	
ANNUAL AUDIT	5,700	0	0	0	0	0	5,700	
ARBITRAGE REBATE FEE	4,000	0	0	0	0	0	4,000	
INSURANCE	16,000	0	0	0	0	0	16,000	
LEGAL ADVERTISING	5,500	0	0	0	0	0	5,500	
MISCELLANEOUS	3,000	0	0	0	0	0	3,000	
POSTAGE	1,000	0	0	0	0	0	1,000	
OFFICE SUPPLIES	2,500	0	0	0	0	0	2,500	
DUES & SUBSCRIPTIONS	175	0	0	0	0	0	175	
TRUSTEE FEES	47,000	0	0	0	0	0	47,000	
CONTINUING DISCLOSURE FEE	5,000	0	0	0	0	0	5,000	
AMORTIZATION SCHEDULE	1,000	0	0	0	0	0	1,000	
WEBSITE	1,500	0	0	0	0	0	1,500	
LAKE MAINTENANCE	2,000	0	0	0	0	0	2,000	
PROFESSIONAL FEE & PERMITS	2,000	0	0	0	0	0	2,000	
ELECTRICITY	2,000	0	0	0	0	0	2,000	
OFF-SITE MITIGATION MAINT - TREELINE	5,000	0	0	0	0	0	5,000	
DRI MONITORING	10,000	0	0	0	0	0	10,000	
WETLAND MONITORING - PASSARELLA	15,000	0	0	0	0	0	15,000	
OFF-SITE MITIGATION MAINT - PANTHER	84,000	0	0	0	0	0	84,000	
MITIGATION MAINT - PARCEL C	5,000	0	0	0	0	0	5,000	
STREET LIGHTING - UTILITY	15,000	0	0	0	0	0	15,000	
CAPITAL OUTLAY - SMALL	1,000	0	0	0	0	0	1,000	
NEW - LAKE MAINT (SOMERSET ONLY)	50,000	0	0	0	0	0	50,000	
NEW - PRESERVE MAINT (SOMERSET ONLY)	45,000	0	0	0	0	0	45,000	
 NEW FIELD INSPECTOR (SOMERSET ONLY)		35,000	0	0	0	0	0	35,000
 Total Expenditures	$	500,999        $	-	$	-	$	-	$	-	$	-	$	500,999 	

 	 	 	 	 	

EXCESS / (SHORTFALL)

$	20,258	$

2,239,320

$   24,800

$  802,726

$  620,359

$  602,880

$    4,310,343

DEBT PAYMENTS (2005 School Site)	0	0	0	0	0	0	0
DEBT PAYMENTS (2005 Master Infrastructure)	0	(2,123,539)	0	0	0	0	(2,123,539)
DEBT PAYMENTS (2006)	0	0	(22,863)	(754,563)	0	0	(777,425)
DEBT PAYMENTS (2014)	0	0	0	0	(607,115)	(602,880)	(1,209,995)
MISCELLANEOUS DEBT EXPENSE	0	0	0	0	0	0	0

BALANCE		$	20,258		$	115,781		$	1,938	$    48,164		$    13,244	$	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(6,753)		
(38,594)		
(496)	
(16,055)		
(4,415)		
DISCOUNTS FOR EARLY PAYMENTS		(13,505)		(77,187)		(992)	(32,109)		(8,829)		
NET EXCESS / (SHORTFALL)		$	-		$	-		$	450	$	-		$	-	$	

-	$	199,384

-	(66,312)
-	(132,623)

-	$	450

* Note: Excess goes to increase fund balance.

2

BUDGET COMPARISON
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT

		FISCAL YEAR 2015/2016 ACTUAL *		FISCAL YEAR 2016/2017 ANNUAL BUDGET		FISCAL YEAR 2017/2018 ANNUAL BUDGET	

COMMENTS	
								
REVENUES								

GENERAL FUND ON ROLL ASSESSMENT		203,726		199,367		337,632	Expenditures/.94 less Direct Bill Portion	

GENERAL FUND DIRECT BILL ASSESSMENT - PULTE		33,293		12,873		10,940	Pulte Direct Bill O&M Assessments	

GENERAL FUND DIRECT BILL ASSESSMENT - GL HOMES		20,343		15,745		15,591	GL Homes Direct Bill O&M Assessments	

GENERAL FUND DIRECT BILL ASSESSMENT - WCI		31,725		17,263		17,094	WCI Direct Bill O&M Assessments	

GENERAL FUND DIRECT BILL ASSESSMENT - OTHER		0		0		0	Other Direct Bill O&M Assessments	

DEBT ON ROLL ASSESSMENT		2,927,415		3,000,394		2,977,940	Debt Payments /.94 less Direct Bill Portion	

DEBT DIRECT BILL ASSESSMENT - PULTE		49,545		134,596		134,092	Pulte Direct Bill Debt Assessments	

DEBT DIRECT BILL ASSESSMENT - GL HOMES		175,133		176,203		175,542	GL Homes Direct Bill Debt Assessments	

DEBT DIRECT BILL ASSESSMENT - WCI		0		1,087,138		1,002,511	WCI Direct Bill Debt Assessments	

DEBT DIRECT BILL ASSESSMENT - OTHER		0		0		0	SPE Direct Bill Debt Assessments	

PREPAYMENTS		0		0		0	Bond Prepayments Collected	

MISCELLANEOUS DEBT INCOME		0		0		0	Interest Earned on Debt Fund	

GENERAL FUND INTEREST INCOME		0		0		0	Interest Earned on General Fund	

GENERAL FUND OTHER REVENUES		0		200,000		140,000	Carry Over Funds	
								
Total Revenues		$    3,441,179		$	4,843,579		$	4,811,342		

EXPENDITURES								

PAYROLL TAX EXPENSE		719		912		912	$0 Change From Previous Year Budget	

SUPERVISOR FEES		9,400		12,000		12,000	$0 Change From Previous Year Budget	

ENGINEERING		42,053		28,000		40,000	$12,000 Increase From Previous Year Budget	

MANAGEMENT		33,763		33,999		34,712	CPI Increase From Previous Year Budget	

LEGAL		33,206		60,000		45,000	$15,000 Decrease From Previous Year Budget	

IRS AUDIT		14,703		0		0	$0 Change From Previous Year Budget	

ASSESSMENT ROLL		5,000		5,000		5,000	$0 Change From Previous Year Budget	

ANNUAL AUDIT		5,350		5,700		5,700	$0 Change From Previous Year Budget	

ARBITRAGE REBATE FEE		2,500		4,000		4,000	$0 Change From Previous Year Budget	

INSURANCE		13,308		15,500		16,000	$500 Increase From Previous Year Budget	

LEGAL ADVERTISING		6,797		5,000		5,500	$500 Increase From Previous Year Budget	

MISCELLANEOUS		2,957		3,000		3,000	$1 Increase From Previous Year Budget	

POSTAGE		540		1,000		1,000	$0 Change From Previous Year Budget	

OFFICE SUPPLIES		1,720		2,500		2,500	$0 Change From Previous Year Budget	

DUES & SUBSCRIPTIONS		175		175		175	$0 Change From Previous Year Budget	

TRUSTEE FEES		46,990		47,000		47,000	$0 Change From Previous Year Budget	

CONTINUING DISCLOSURE FEE		4,750		5,000		5,000	$0 Change From Previous Year Budget	

AMORTIZATION SCHEDULE		0		1,000		1,000	$0 Change From Previous Year Budget	

WEBSITE		1,500		1,500		1,500	$0 Change From Previous Year Budget	

LAKE MAINTENANCE		0		2,000		2,000	$0 Change From Previous Year Budget	

PROFESSIONAL FEE & PERMITS		0		2,000		2,000	$0 Change From Previous Year Budget	

ELECTRICITY		105		2,000		2,000	$0 Change From Previous Year Budget	

OFF-SITE MITIGATION MAINT - TREELINE		0		5,000		5,000	$0 Change From Previous Year Budget	

DRI MONITORING		0		10,000		10,000	$0 Change From Previous Year Budget	

WETLAND MONITORING - PASSARELLA		12,665		10,000		15,000	$5,000 Increase From Previous Year Budget	

OFF-SITE MITIGATION MAINT - PANTHER		0		150,000		84,000	$66,000 Decrease From Previous Year Budget	

MITIGATION MAINT - PARCEL C		0		5,000		5,000	$0 Change From Previous Year Budget	

STREET LIGHTING - UTILITY		12,944		15,000		15,000	$0 Change From Previous Year Budget	

CAPITAL OUTLAY - SMALL		0		1,000		1,000	$0 Change From Previous Year Budget	

NEW - LAKE MAINT (SOMERSET ONLY)		0		0		50,000	New Item - Estimate	

NEW - PRESERVE MAINT (SOMERSET ONLY)		0		0		45,000	New Item - Estimate	

NEW FIELD INSPECTOR (SOMERSET ONLY)		0		0		35,000	New Item - Estimate	
								
Total Expenditures		251,145		433,286		500,999		
								
EXCESS / (SHORTFALL)		$ 3,190,034		$	4,410,293		$	4,310,343		

DEBT PAYMENTS (2005 - MI)		(1,857,811)		(2,131,103)		(2,123,539)	2018 Principal & Interest Payments	

DEBT PAYMENTS (2006)		(1,190,553)		(793,525)		(777,425)	2018 Principal & Interest Payments + Excess*	

DEBT PAYMENTS (2014)		0		(1,293,328)		(1,209,995)	2018 Principal & Interest Payments	

MISCELLANEOUS DEBT EXPENSE		0		-		-		
								
BALANCE		$    141,671		$	192,338		$	199,384		

COUNTY APPRAISER & TAX COLLECTOR FEE		(4,973)		(63,995)		(66,312)	Two Percent Of Total Assessment Roll	

DISCOUNTS FOR EARLY PAYMENTS		(104,632)		(127,990)		(132,623)	Four Percent Of Total Assessment Roll	
								
NET EXCESS / (SHORTFALL)		$	32,065		$	353		$	450	*  Excess to / Shortfall from 2006 A2 Fund Balance	

*   Un-audited figures

3

FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND
FISCAL YEAR 2017/2018
October 1, 2017 - September 30, 2018

		FISCAL YEAR		FISCAL YEAR	
		2016/2017		2017/2018	
		ANNUAL BUDGET		ANNUAL BUDGET	
REVENUES	
ON ROLL ASSESSMENTS		199,367		337,632	
DIRECT BILL ASSESSMENTS - PULTE		12,873		10,940	
DIRECT BILL ASSESSMENTS - GL HOMES		15,745		15,591	
DIRECT BILL ASSESSMENTS - WCI		17,263		17,094	
INTEREST INCOME		0		0	
OTHER INCOME / CARRYOVER BALANCE		200,000		140,000	
Total Revenues		$	445,248		$	521,257	

EXPENDITURES	
PAYROLL TAX EXPENSE		912		912	
SUPERVISOR FEES		12,000		12,000	
ENGINEERING		28,000		40,000	
MANAGEMENT		33,999		34,712	
LEGAL		60,000		45,000	
METHODOLOGY		0		0	
ASSESSMENT ROLL		5,000		5,000	
ANNUAL AUDIT		5,700		5,700	
ARBITRAGE REBATE FEE		4,000		4,000	
INSURANCE		15,500		16,000	
LEGAL ADVERTISING		5,000		5,500	
MISCELLANEOUS		3,000		3,000	
POSTAGE		1,000		1,000	
OFFICE SUPPLIES		2,500		2,500	
DUES & SUBSCRIPTIONS		175		175	
TRUSTEE FEES		47,000		47,000	
CONTINUING DISCLOSURE FEE		5,000		5,000	
AMORTIZATION SCHEDULE		1,000		1,000	
WEBSITE		1,500		1,500	
LAKE MAINTENANCE		2,000		2,000	
PROFESSIONAL FEE & PERMITS		2,000		2,000	
ELECTRICITY		2,000		2,000	
OFF-SITE MITIGATION MAINT - TREELINE		5,000		5,000	
DRI MONITORING		10,000		10,000	
WETLAND MONITORING - PASSARELLA		10,000		15,000	
OFF-SITE MITIGATION MAINT - PANTHER		150,000		84,000	
MITIGATION MAINT - PARCEL C		5,000		5,000	
STREET LIGHTING - UTILITY		15,000		15,000	
CAPITAL OUTLAY - SMALL		1,000		1,000	
NEW - LAKE MAINT (SOMERSET ONLY)		0		50,000	
NEW - PRESERVE MAINT (SOMERSET ONLY)		0		45,000	
NEW FIELD INSPECTOR (SOMERSET ONLY)		0		35,000	
Total Expenditures		$	433,286		$	500,999	
					
EXCESS / (SHORTFALL)		$	11,962		$	20,258	

COUNTY APPRAISER & TAX COLLECTOR FEE		

(3,987)		

(6,753)	
DISCOUNTS FOR EARLY PAYMENTS		(7,975)		(13,505)	
NET EXCESS / (SHORTFALL)		$	-		$	-	

4

FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2005 MASTER INFRASTRUCTURE DEBT SERVICE FUND FISCAL YEAR 2017/2018
October 1, 2017 - September 30, 2018

 	A-2 		
FISCAL YEAR	
2017/2018	
   ANNUAL BUDGET 		
 REVENUES 		
Net On Roll Assessments	1,813,905	
Direct Bill Assessments - Pulte	134,092	
Direct Bill Assessments - GL Homes	175,542	
 Direct Bill Assessments - WCI 		 	0	
 Total Revenues 		  $	2,123,539 		

 EXPENDITURES 		
Principal Payments	795,000	
Interest Payments	1,328,539	
 Miscellaneous 		 	0	
 Total Expenditures 		  $	2,123,539 		
Excess / (Shortfall)	$	-	

 	Series 2005 A-2 Master Infr. Bond Information 		
Original Bifurcated Par Amount =	$28,925,000	
Interest Rate =	5.35%	
Bifurcated Date =	April 2013	
Maturity Date =	May 2036	
Annual Principal Payments Due =	May 1st	
Annual Interest Payments Due =	May 1st & November 1st	

5

FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2006 DEBT SERVICE FUND
FISCAL YEAR 2017/2018
October 1, 2017 - September 30, 2018

 	A-2 	
FISCAL YEAR 2017/2018
   ANNUAL BUDGET 	

 REVENUES 	
Net On Roll Assessments	23,312
Direct Bill Assessments - Pulte	0
Direct Bill Assessments - GL Homes
 Direct Bill Assessments - WCI			0

 Total Revenues 	

EXPENDITURES

  $ 	23,312 	

*Note: Excess goes to increase bond fund balance / Shortfall comes out of bond fund balance.

Series 2006 A-2 Bond Information
Principal Payments	10,000     	
Interest Payments	12,863	Original Bifurcated Par Amount =	$335,000
 Miscellaneous			Interest Rate =	5.35%

 Total Expenditures 	

  $ 	22,863 	

Bifurcated Date =	Dec 2010

Maturity Date =	May 2036

 Excess / (Shortfall) 	

 	   Annual Principal Payments Due =	May 1st
  $	450  *  Annual Interest Payments Due =	May 1st & November 1st

 	A-3 	
FISCAL YEAR 2017/2018
   ANNUAL BUDGET 	

 REVENUES 	
Net On Roll Assessments	754,563
Direct Bill Assessments - Pulte	0
Direct Bill Assessments - GL Homes	0
 Direct Bill Assessments - WCI			0

 Total Revenues 	

  $ 	754,563 	

EXPENDITURES

Series 2006 A-3 Bond Information

Principal Payments	285,000     	
Interest Payments	469,563	Original Bifurcated Par Amount =	$24,225,000
 Miscellaneous			0	Interest Rate =	5.35%

 Total Expenditures 	

  $ 	754,563 	

Bifurcated Date =	Dec 2010

Maturity Date =	May 2036

 	   Annual Principal Payments Due =	May 1st

 Excess / (Shortfall) 	

  $ 	- 	

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

6

FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2014 DEBT SERVICE FUND
FISCAL YEAR 2017/2018
October 1, 2017 - September 30, 2018

 	A-1			A-2 	
FISCAL YEAR	FISCAL YEAR
2016/2017	2016/2017
   ANNUAL BUDGET	ANNUAL BUDGET 	

 REVENUES		REVENUES 	
Net On Roll Assessments	171,352	Net On Roll Assessments	36,132
 Direct Bill Assessments - WCI			329,696	Direct Bill Assessments - WCI			69,935

 Total Revenues 	

  $ 	501,047 	

 Total Revenues 	

  $ 	106,068 	

 EXPENDITURES		EXPENDITURES 	
Principal Payments	140,000	Principal Payments	30,000
Interest Payments	360,870	Interest Payments	76,245
 Miscellaneous			0	Miscellaneous			0

Total Expenditures

$	500,870

Total Expenditures

$	106,245

 	 	 	

Excess / (Shortfall)

$	177

Excess / (Shortfall)

$	(177)

*Note: Excess goes to increase bond fund balance

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

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	

Initial Par Amount =	$4,939,888	Initial Par Amount =	$1,041,652

 	B 	
FISCAL YEAR 2016/2017
   ANNUAL BUDGET 	

 REVENUES 	
Net On Roll Assessments	0
 Direct Bill Assessments - WCI			602,880

 Total Revenues 	

  $ 	602,880 	

 EXPENDITURES 	
Principal Payments	0
Interest Payments	602,880
 Miscellaneous			0

 Total Expenditures 	

  $ 	602,880   **

 	
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 =	May 2025
Annual Principal Payments Due =	N/A

7

Arborwood Community Development District Assessment Recap - GL Homes Parcel
Fiscal Year 2017/2018 October 1, 2017 - September 30, 2018

GL HOMES PARCEL

PARCEL	PRODUCT
TYPE	TOTAL
UNITS	ON ROLL
UNITS	DIRECT BILL
UNITS	
A	Townhomes	256	108	148	
A	40' SF	365	365	0	
A	40' SF - PO	2	2	0	
A	45' SF	276	134	142	
A	52' SF	512	413	99	
	52' SF - PO	1	1	0	
A	62' SF	79	33	46	
Total		1,491	1,056	435	

ON ROLL GROSS PER UNIT TOTAL

$	382.07
$	470.67
$	38.13
$	490.21
$	517.57
$	38.13
$	563.89

GL HOMES ON ROLL

PARCEL	PRODUCT TYPE	ON ROLL UNITS	O&M GROSS ON ROLL	2005 MI GROSS ON ROLL A-2	
A	Townhomes	108	4,117.86	37,145.49	
A	40' SF	365	13,916.85	157,876.70	
A	40' SF - PO	2	76.26	0.00	
A	45' SF	134	5,109.20	60,578.33	
A	52' SF	413	15,747.01	198,007.44	
A	52' SF - PO	1	38.13	0.00	
A	62' SF	33	1,258.24	17,350.00	
Total		1,056	40,264	470,958	

GL HOMES DIRECT BILL

PARCEL	PRODUCT
TYPE	DIRECT BILL
UNITS	O&M NET
DIRECT BILL	2005 MI NET DIRECT BILL
A-2	
A	Townhomes	148	5,304.42	47,848.90	
A	40' SF	0	0.00	0.00	
A	40' SF - PO	0	0.00	0.00	
A	45' SF	142	5,089.37	60,343.25	
A	52' SF	99	3,548.22	44,616.40	
A	52' SF - PO	0	0.00	0.00	
A	62' SF	46	1,648.67	22,733.75	
Total		435	15,591	175,542	

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

8

Arborwood Community Development District Assessment Recap - Pulte Parcels
Fiscal Year 2017/2018 October 1, 2017 - September 30, 2018

 PULTE PARCELS 	

PARCEL	PRODUCT TYPE	TOTAL UNITS	ON ROLL UNITS	DIRECT BILL UNITS	
B	75' SF **	61	61	0	
B	75' SF - BD	3	3	0	
B	75' SF - PO	1	1	0	
B	67' SF **	71	71	0	
B	67' SF - BD	91	91	0	
B	67' SF - PO	173	94	79	
B	55' SF	1	1	0	
B	55' SF - BD	69	69	0	
B	55' SF - PO	265	173	92	
B	42' SF	0	0	0	
B	42' SF - BD	39	39	0	
B	42' SF - PO	101	101	0	
B	MF / TV	66	66	0	
B	MF / TV - BD	37	37	0	
D/E	75' SF	116	116	0	
D/E	75' SF - BD	27	27	0	
D/E	75' SF - PO	59	59	0	
D/E	67' SF **	132	132	0	
D/E	67' SF - BD	53	53	0	
D/E	67' SF - PO	99	99	0	
D/E	55' SF	126	126	0	
D/E	55' SF - BD	46	46	0	
D/E	55' SF - PO	77	77	0	
D/E	MF / TV **	150	150	0	
D/E	MF / TV - BD	27	27	0	
D/E	MF / TV - PO	43	43	0	
Total		1,933	1,762	171	

2005 A-2 Bond	2006 A-3 Bond

PARCEL	PRODUCT TYPE	TOTAL UNITS	ON ROLL UNITS	DIRECT BILL UNITS	
B	75' SF **	65	65	0	
B	75' SF - PO	0	0	0	
B	67' SF **	335	256	79	
B	67' SF - PO	0	0	0	
B	55' SF	335	243	92	
B	55' SF - PO	0	0	0	
B	42' SF	140	140	0	
B	42' SF - PO	0	0	0	
B	MF / TV	103	103	0	
D/E	75' SF	201	201	0	
D/E	75' SF - PO	1	1	0	
D/E	67' SF **	282	282	0	
D/E	67' SF - PO	2	2	0	
D/E	55' SF	249	249	0	
D/E	55' SF - PO	0	0	0	
D/E	MF / TV **	220	220	0	
D/E	MF / TV - PO	0	0	0	
Total		1,933	1,762	171	

NOTE:  PO are for 2005 A-2 Bond

PULTE ON ROLL

NOTE:  PO are for 2006 A-3 Bond

PARCEL	PRODUCT TYPE	ON ROLL UNITS 2005 A-2	ON ROLL UNITS 2006 A-3	O&M GROSS ON ROLL	2005 MI GROSS ON ROLL A-2	2006 GROSS ON ROLL A-2	
A-3	
B	75' SF **	65	61	4,151.65	67,027.31	6,600.00	39,450.96	
B	75' SF - BD		3	204.18	0.00	0.00	995.00	
B	75' SF - PO	0	1	68.06	0.00	0.00	0.00	
B	67' SF **	256	71	4,832.25	236,529.77	10,000.00	39,516.76	
B	67' SF - BD		91	6,193.44	0.00	0.00	21,976.72	
B	67' SF - PO	0	94	6,397.62	0.00	0.00	0.00	
B	55' SF	243	1	68.06	184,426.36	0.00	721.63	
B	55' SF - BD		69	4,696.13	0.00	0.00	28,052.50	
B	55' SF - PO	0	173	11,774.35	0.00	0.00	0.00	
B	42' SF	140	0	0.00	79,307.51	0.00	0.00	
B	42' SF - BD		39	2,654.33	0.00	0.00	23,365.24	
B	42' SF - PO	0	101	6,874.04	0.00	0.00	0.00	
B	MF / TV	103	66	4,491.95	59,478.79	0.00	59,609.47	
B	MF / TV - BD		37	2,518.21	0.00	0.00	21,759.78	
D/E	75' SF	201	116	24,450.28	207,269.06	0.00	75,021.49	
D/E	75' SF - BD		27	5,691.01	0.00	0.00	8,954.97	
D/E	75' SF - PO (06 Only)	0	58	12,225.14	0.00	0.00	0.00	
D/E	75' SF - PO (Both)	1	1	210.78	0.00	0.00	0.00	
D/E	67' SF **	282	132	27,822.74	260,552.32	2,800.00	73,467.77	
D/E	67' SF - BD		53	11,171.25	0.00	0.00	12,799.63	
D/E	67' SF - PO (06 Only)	0	97	20,445.50	0.00	0.00	0.00	
D/E	67' SF - PO (Both)	2	2	421.56	0.00	0.00	0.00	
D/E	55' SF	249	126	26,558.07	188,980.09	0.00	90,925.32	
D/E	55' SF - BD		46	9,695.80	0.00	0.00	18,701.66	
D/E	55' SF - PO	0	77	16,229.93	0.00	0.00	0.00	
D/E	MF / TV **	220	150	31,616.75	127,042.07	5,400.00	135,476.07	
D/E	MF / TV - BD		27	5,691.01	0.00	0.00	15,878.76	
D/E	MF / TV - PO	0	43	9,063.47	0.00	0.00	0.00	
Total		1,762	1,762	256,218	1,410,613	24,800	666,674	

 	
ON ROLL GROSS PER
UNIT TOTAL-W/O '06 A2	ON ROLL GROSS PER
UNIT TOTAL-W/ '06 A2	
$	1,745.99	$	1,845.99	
$	399.73	$	-	
$	68.06			
$	1,548.58	$	1,748.58	
$	309.56	$	-	
$	992.00			
$	1,548.65	$	-	
$	474.62	$	-	
$	827.02			
$	-	$	-	
$	667.17	$	-	
$	634.54			
$	1,548.70	$	-	
$	656.16	$	-	
$	1,888.70	$	-	
$	542.44	$	-	
$	1,241.97			
$	210.78			
$	1,691.30	$	1,891.30	
$	452.28	$	-	
$	1,134.72			
$	210.78			
$	1,691.36	$	-	
$	617.34	$	-	
$	969.73			
$	1,691.42	$	1,891.42	
$	798.88	$	-	
$	788.24			

PULTE DIRECT BILL

PARCEL	PRODUCT TYPE	DIRECT BILL UNITS
05 A-2	DIRECT BILL UNITS
06 A-3	O&M NET DIRECT BILL	2005 MI GROSS ON ROLL A-2	2006 NET DIRECT BILL A-2	
A-3	
B	75' SF **	0	0	0.00	0.00	0.00	0.00	
B	75' SF - BD		0	0.00	0.00	0.00	0.00	
B	67' SF **	79	0	0.00	0.00	0.00	0.00	
B	67' SF - BD		0	0.00	0.00	0.00	0.00	
B	67' SF - PO	0	79	5,054.12	67,743.60	0.00	0.00	
B	55' SF	92	0	0.00	0.00	0.00	0.00	
B	55' SF - BD		0	0.00	0.00	0.00	0.00	
B	55' SF - PO	0	92	5,885.81	66,347.95	0.00	0.00	
B	42' SF	0	0	0.00	0.00	0.00	0.00	
B	42' SF - BD		0	0.00	0.00	0.00	0.00	
B	42' SF - PO	0	0	0.00	0.00	0.00	0.00	
B	MF / TV	0	0	0.00	0.00	0.00	0.00	
B	MF / TV - BD		0	0.00	0.00	0.00	0.00	
D/E	75' SF	0	0	0.00	0.00	0.00	0.00	
D/E	75' SF - BD		0	0.00	0.00	0.00	0.00	
D/E	75' SF - PO	0	0	0.00	0.00	0.00	0.00	
D/E	67' SF **	0	0	0.00	0.00	0.00	0.00	
D/E	67' SF - BD		0	0.00	0.00	0.00	0.00	
D/E	67' SF - PO	0	0	0.00	0.00	0.00	0.00	
D/E	55' SF	0	0	0.00	0.00	0.00	0.00	
D/E	55' SF - BD		0	0.00	0.00	0.00	0.00	
D/E	55' SF - PO	0	0	0.00	0.00	0.00	0.00	
D/E	MF / TV **	0	0	0.00	0.00	0.00	0.00	
D/E	MF / TV - BD		0	0.00	0.00	0.00	0.00	
D/E	MF / TV - PO	0	0	0.00	0.00	0.00	0.00	
Total		171	171	10,940	134,092	0	0	

**  Includes 157 with errors in builder disclosure
Note:  BD = Buy Down, which refers to a Bond principal buy down paid by the developer in order to reduce these specific lots annunal debt assessment by $300 each.
Note 2:  PO = Paid Off, the majority of which are lots the developer paid off through a large debt retirement in 2016. A few lots were paid off by the home owners.

9

Arborwood Community Development District Assessment Recap - WCI Parcel
Fiscal Year 2017/2018 October 1, 2017 - September 30, 2018

WCI PARCEL

PARCEL	PRODUCT TYPE	TOTAL UNITS	ON ROLL UNITS	DIRECT BILL UNITS	
C	6 - plex	102	0	102	
C	4 - plex	168	0	168	
C	46' SF	107	62	45	
C	52' SF	267	126	141	
C	67' SF	75	35	40	
Total		719	223	496	

ON ROLL GROSS PER UNIT TOTAL

$	775.72
$	775.72
$	955.21
$	1,008.01
$	1,219.15

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	0	0.00	0.00	
C	4 - plex	0	0.00	0.00	
C	46' SF	62	2,273.12	56,950.36	
C	52' SF	126	4,619.57	122,389.92	
C	67' SF	35	1,283.21	41,387.30	
Total		223	8,176	220,728	

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	102	3,515.27	70,861.35	
C	4 - plex	168	5,789.86	116,712.80	
C	46' SF	45	1,550.85	38,854.37	
C	52' SF	141	4,859.34	128,740.32	
C	67' SF	40	1,378.54	44,462.23	
Total		496	17,094	399,631	

10

Arborwood Community Development District Assessment Recap -  Other Parcels
Fiscal Year 2017/2018 October 1, 2017 - September 30, 2018

 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	

ON ROLL GROSS
PER PRODUCT TYPE TOTAL

$	172,884.84
$	26,845.75
$	14,263.64
$	3,148.41
$	-

OTHER ON ROLL

PARCEL	PRODUCT TYPE	ON ROLL UNITS	O&M GROSS	2005 MI GROSS ON ROLL	2006 GROSS ON ROLL	
			ON ROLL	A-2		A-2	A-3		

D/E	
Golf Course	
116	
29,450.82	
7,381.69	
0.00	
136,052.34	
G	Neighborhood Retail	21	2,137.94	24,707.81	0.00	0.00	
H-1	Retail/ Commercial	11	1,135.97	13,127.66	0.00	0.00	
H-2	RE Office	2	250.75	2,897.66	0.00	0.00	
Total		150	32,975	48,115	0	136,052	

OTHER DIRECT BILL

PARCEL	PRODUCT
TYPE	DIRECT BILL
UNITS	O&M NET
DIRECT BILL	2005 MI NET DIRECT BILL	2006 GROSS ON ROLL	
				A-2	A-2	A-3	

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

11

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT ANNUAL ASSESSMENT METHODOLOGY - GENERAL FUND O&M FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

Total Shared O&M Expenditures	
$   230,999.00	
A									

Allocation of Expenditures and Assessment Per Unit	
		Allocation Per Parcel based on Gross Acreage		Assessment Per Unit		
			
B			
A*B=C	
D		
C/D=E	
E/94%	

Tract			
Parcel	
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%	$	53,438		1,491	$	35.84	$	38.13	
2	B			655.68		27.09%	$	62,569		978	$	63.98	$	68.06	
2	D/E		794.42		32.82%	$	75,808		955	$	79.38	$	84.45	
2	C			259.67		10.73%	$	24,779		719	$	34.46	$	36.66	

Total Residential Land Uses	
2,269.77		
93.76%	
$	216,594		
4,143		Gross Total Assmt (If On Roll)	
2	Golf Course (part of Tract 2 Parcel D/E)	116.23		4.80%	$	11,091			11,799	
3	Neighborhood Retail-G	21.06		0.87%	$	2,010			2,138	
4	Retail/ Commercial H-1	11.19		0.46%	$	1,068			1,136	
5	RE Office-H-2	2.47		0.10%	$	236			251	
Total Non-Residential Land	Uses	150.95		6.24%	$	14,405				
Grand Total (Gross)		2,420.72		100.00%	$	230,999				

Total -Somerset Only- O&M Expenditures	
$   130,000.00								

Tract			

Parcel	

Gross Acreage	

% of Total Acreage	

Allocation of Expenditures	

Projected Units	

Net Assmt per Unit	

Gross Assmt per Unit (If On Roll)	
2	D/E		794.42		87.24%	$	113,408		955	$	118.75	$	126.33	

2	Golf Course (part of Tract 2 Parcel D/E)	
116.23		
12.76%	
$	16,592			
17,652	
Totals		
910.65		
100.00%	
$	130,000				

12

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT ANNUAL ASSESSMENT METHODOLOGY - 2005 MASTER INFRASTRUCTURE
DEBT SERVICE FUND FISCAL YEAR 2017/2018

Parcel - Product Type	

Planned
Units	

Platted Units
ON Roll	Gross Annual
M.A.D
Multiplied by % Difference = Assmt/Plttd.
Unit	

Total Assmt
Platted	

OFF Roll	
PARCEL A - Townhomes	256	108	343.94	$	37,145.49	$	47,849	
PARCEL A - Single Family 40'	365	365	432.54	$	157,876.70	$	-	
PARCEL A - Single Family 40' - PO	2	2	0.00	$	-	$	-	
PARCEL A - Single Family 45'	276	134	452.08	$	60,578.33	$	60,343	
PARCEL A - Single Family 52'	512	413	479.44	$	198,007	$	44,616	
PARCEL A - Single Family 52' - PO	1	1	0.00	$	-	$	-	
PARCEL A - Single Family 62'	79	33	525.76	$	17,350.00	$	22,734	
Subtotal Parcel A	1,491	1,056		$	470,958	$	175,542	
PARCELS B, D, E - Multi Family and Twin Villas	323	323	577.46	$	186,521	$	-	
PARCELS B, D, E - Multi Family and Twin Villas - PO	0	0	0.00	$	-	$	-	
PARCELS B, D, E - Single Family 42'	140	140	566.48	$	79,308	$	-	
PARCELS B, D, E - Single Family 42' - PO	0	0	0.00	$	-	$	-	
PARCELS B, D, E - Single Family 55'	584	492	758.96	$	373,406	$	66,348	
PARCELS B, D, E - Single Family 55' - PO	0	0	0.00	$	-	$	-	
PARCELS B, D, E - Single Family 67'	617	538	923.94	$	497,082	$	67,744	
PARCELS B, D, E - Single Family 67' - PO	2	2	0.00	$	-	$	-	
PARCELS B, D, E - Single Family 75'	266	266	1,031.19	$	274,296	$	-	
PARCELS B, D, E - Single Family 75' - PO	1	1	0.00	$	-	$	-	
Subtotal Parcels B,D,E	1,933	1,762		$	1,410,613	$	134,092	
Total Residential Units Parcels A, B, D, E	3,424	2,818		$	1,881,571	$	309,634	

OCTOBER 1, 2017 - SEPTEMBER 30, 2018

Net 2005 A-2 Master Infrastructure Principal &
Interest Payment Due	Net Total
MADs	
% Difference	
$2,123,539	$2,151,760	98.688%	

Category Total using M.A.D.s and Lot Count
from Methodology	

Category % of
M.A.D.s Total =
% of Bond Assessment	
83,865.60	3.8975%	
150,376.35	6.9885%	
0.00	0.0000%	
118,845.60	5.5232%	
233,809.92	10.8660%	
0.00	0.0000%	
39,561.62	1.8386%	
		
177,659.69	8.2565%	
0.00	0.0000%	
75,539.80	3.5106%	
0.00	0.0000%	
422,896.50	19.6535%	
0.00	0.0000%	
542,110.80	25.1938%	
0.00	0.0000%	
261,265.20	12.1419%	
0.00	0.0000%	
		
7,031.00	0.3268%	
23,534.00	1.0937%	
12,504.00	0.5811%	
2,760.00	0.1283%	
2,151,760.08	100.0000%	

Other Land Uses	Units	Assessment	Collection	
GOLF COURSE	1	$	7,382	On Roll	
PARCEL G	1	$	24,708	On Roll	
PARCEL H-1	1	$	13,128	On Roll	
PARCEL H-2	1	$	2,898	On Roll	
Grand Total		48,115		

Note: M.A.Ds and Planned Units come directly from the Series 2005 Master Infrastructure Bond Methodology updated and contained within the Series 2006 Bond L.O.M. Note 2: PO = Paid Off. 6 lots were paid off by the home owners.

13

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT ANNUAL ASSESSMENT METHODOLOGY - 2006 BOND DEBT SERVICE FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

Net 2006 A2 Principal & Interest Payment Due:		$	22,863	

Parcel - Product Type	

Planned Units	
Platted Units
ON Roll	Gross Annual Assmt/Plttd.
Unit	
Assessments
Platted	

OFF Roll	
PARCELS B, D, E - Multi Family and Twin Villas	27	27	200	5,400	-	
PARCELS B, D, E - Single Family 67' A	50	50	200	10,000	-	
PARCELS B, D, E - Single Family 67' B	14	14	200	2,800	-	
PARCELS B, D, E - Single Family 75'	66	66	100	6,600	-	
Total Residential Units Parcels B, D, E	157	157		24,800	-	

Note:
Reduced assessments due to inadvertent errors in builder disclosure documents at time of home closings for

Parcel - Product Type	

Planned Units	

Platted Units
ON Roll	
Gross Annual
M.A.D
Multiplied by % Difference = Assmt/Plttd.
Unit	

Assessments
Platted	

OFF Roll	
PARCELS B, D, E - Multi Family and Twin Villas	216	216	$	903.17	$	195,085.54	$	-	
PARCELS B, D, E - Multi Family and Twin Villas - BD	64	64	$	588.10	$	37,638.54	$	-	
PARCELS B, D, E - Multi Family and Twin Villas - PO	43	43	$	-	$	-	$	-	
PARCELS B, D, E - Single Family 42'	0	0	$	914.18	$	-	$	-	
PARCELS B, D, E - Single Family 42' - BD	39	39	$	599.11	$	23,365.24	$	-	
PARCELS B, D, E - Single Family 42' - PO	101	101	$	-	$	-	$	-	
PARCELS B, D, E - Single Family 55'	127	127	$	721.63	$	91,646.95	$	-	
PARCELS B, D, E - Single Family 55' - BD	115	115	$	406.56	$	46,754.16	$	-	
PARCELS B, D, E - Single Family 55' - PO	342	250	$	-	$	-	$	-	
PARCELS B, D, E - Single Family 67'	203	203	$	556.57	$	112,984.53	$	-	
PARCELS B, D, E - Single Family 67' - BD	144	144	$	241.50	$	34,776.35	$	-	
PARCELS B, D, E - Single Family 67' - PO	272	193	$	-	$	-	$	-	
PARCELS B, D, E - Single Family 75'	177	177	$	646.74	$	114,472.45	$	-	
PARCELS B, D, E - Single Family 75' - BD	30	30	$	331.67	$	9,949.96	$	-	
PARCELS B, D, E - Single Family 75' - PO	60	60	$	-	$	-	$	-	
Total Residential Units Parcels B, D, E	1,933	1,762		$	666,674	$	-	

157 units.

Net 2006 A3 Principal & Interest Payment Due:	Net Total
MADs	
% Difference	
$754,563	$764,327	98.722%	

Category Total
using Methodology
M.A.D.s and Lot
Count	

Category % of
M.A.D.s Total =
% of Bond Assessment	
185,753.52	24.3029%	
35,838.08	4.6888%	
0.00	0.0000%	
0.00	0.0000%	
22,247.55	2.9107%	
0.00	0.0000%	
87,262.97	11.4170%	
44,517.65	5.8244%	
0.00	0.0000%	
107,579.85	14.0751%	
33,112.80	4.3323%	
0.00	0.0000%	
108,996.60	14.2605%	
9,474.00	1.2395%	
0.00	0.0000%	

		
129,544.20	16.9488%	
764,327.22	100.0000%	

Other Land Uses	

Planned Units	

Platted Units
ON Roll	
Gross Annual
M.A.D
Multiplied by % Difference = Assmt/Plttd.
Unit	

Assessments
Platted	
GOLF COURSE			$	138,211	$	138,211.42	
GOLF COURSE - PO			$	(2,159)	$	(2,159.08)	
GOLF COURSE - Net	1	1	$	136,052	$	136,052.34	
Grand Total				$	136,052.34	

Note: M.A.Ds and Planned Units come directly from the Series 2006 Master Infrastructure Bond Methodology updated and contained within the Series 2006 Bond L.O.M. Note 2: BD = Buy Down, which refers to a Bond principal buy down paid by the developer in order to reduce these specific lots annunal debt assessment by $300 each. Note 3: PO = Paid Off, the majority of which are lots the developer paid off through a large debt retirement in 2016. 3 lots were paid off by the home owners.
Note 4: Catagorey Total MADs and percentages are slightly different from the Methodoloy due to a slight realocation of the large Pay Off from the developer in 2016. However, the per unit assessments for all residental units remain the same.

14

ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT ANNUAL ASSESSMENT METHODOLOGY - 2014 BOND DEBT SERVICE FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

Net 2014 A1 & A2 Principal & Interest Payment Due:	
Net Total	
MADs	
% Difference	
$	607,115.00	$	611,192.50	99.333%	

*

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	0	$	739.06	$	-	$	70,861	
PARCEL C - 4 - Plex	168	0	$	739.06	$	-	$	116,713	
PARCEL C - 46' Single Family	107	62	$	918.55	$	5	6,950.36	$	38,854	
PARCEL C - 52' Single Family	267	126	$	971.35	$	12	2,389.92	$	128,740	
PARCEL C - 67' Single Family	75	35	$	1,182.49	$	4	1,387.30	$	44,462	
						
Grand Total	719	223		$	22	0,727.58	$	399,631.07	

 	

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.

15

Arborwood Community Development District On Roll Assessment Comparsion
Fiscal Year 2017/2018 October 1, 2017 - September 30, 2018

		Gross	Gross	
	Product	Fiscal Year 2016/2017	Fiscal Year 2017/2018	
Parcel	Type	On Roll Assessment Per Unit	On Roll Assessment Per Unit	
GL Homes	
A	Townhomes	$383.74	$382.07	
A	40' SF	$472.67	$470.67	
A	40' SF - PO	$38.51	$38.13	
A	45' SF	$492.28	$490.21	
A	52' SF	$519.75	$517.57	
A	52' SF - PO	$38.51	$38.13	
A	62' SF	$566.24	$563.89	

Pulte	
B	75' SF **	$1,754.84	$1,745.99	
B	75' SF - BD	$404.87	$399.73	
B	67' SF **	$1,557.08	$1,548.58	
B	67' SF - BD	$314.76	$309.56	
B	67' SF - PO	$1,000.81	$992.00	
B	55' SF	$1,556.44	$1,548.65	
B	55' SF - BD	$479.72	$474.62	
B	55' SF - PO	$835.20	$827.02	
B	42' SF	$1,555.68	$0.00	
B	42' SF - BD	$672.17	$667.17	
B	42' SF - PO	$642.00	$634.54	
B	MF / TV	$1,555.71	$1,548.70	
B	MF / TV - BD	$661.17	$656.16	
D/E	75' SF	$1,761.54	$1,888.70	
D/E	75' SF - BD	$411.57	$542.44	
D/E	75' SF - PO (2006 only)	$1,115.15	$1,241.97	
D/E	75' SF - PO (both)	$80.08	$210.78	
D/E	67' SF **	$1,563.78	$1,691.30	
D/E	67' SF - BD	$321.46	$452.28	
D/E	67' SF - PO (2006 only)	$1,007.51	$1,134.72	
D/E	67' SF - PO (both)	$80.08	$210.78	
D/E	55' SF	$1,563.13	$1,691.36	
D/E	55' SF - BD	$486.42	$617.34	
D/E	55' SF - PO	$841.90	$969.73	
D/E	MF / TV **	$1,562.40	$1,691.42	
D/E	MF / TV - BD	$667.87	$798.88	
D/E	MF / TV - PO	$659.72	$788.24	
Note:	Amounts do not include additional 2006 A2 charges because those remain constant.	
Note 2:	BD = Buy Down, which refers to a Bond principal buy down paid by the developer in order	
to reduce these specific lots annunal debt assessment by $300 each.	
Note 3:	PO = Paid Off. A majority of the paid off lots were by the developer as part of a large	
debt retirement in 2016. A few were paid off by the home owners.	
WCI	
C	6 - Plex	$771.48	$775.72	
C	4 - Plex	$771.48	$775.72	
C	46' SF	$949.85	$955.21	
C	52' SF	$1,002.32	$1,008.01	
C	67' SF	$1,212.15	$1,219.15	

Others	
D/E	Golf Course	$155,304.11	$172,884.84	
G	Neighborhood Retail	$26,959.91	$26,845.75	
H-1	Retail/ Commercial	$14,324.29	$14,263.64	
H-2	RE Office	$3,161.80	$3,148.41	

16