Remington

Community Development District

Adopted Budget

Fiscal Year 2018

Presented by:

	Table of Contents	
1-10	General Fund	
11	Pavement Management Fund	
12	Capital Projects Fund	
13	Debt Service Fund Series 2008-2	
14	Amortization Schedule Series 2008-2	

REMINGTON

COMMUNITY DEVELOPMENT DISTRICT

ADOPTED BUDGET

GENERAL FUND

Fiscal Year 2018

		ADOPTED		ACTUAL		PROJECTED		TOTAL		ADOPTED		
DESCRIPTION		BUDGET		THRU		NEXT		AS OF		BUDGET		
		FY 2017		6/30/17		3 MONTHS		9/30/17		FY 2018		
REVENUES	$	1,137,222	$	1,143,524	$	-	$	1,143,524	$	1,137,222		
Maintenance Assessment												
Miscellaneous Income	$	5,000	$	3,840	$	1,160	$	5,000	$	5,000		
Interest Income	$	750	$	1,120	$	9	$	1,129	$	1,900		
TOTAL REVENUES	$	1,142,972		$1,148,485	$	1,169	$	1,149,654	$	1,144,122		
EXPENDITURES	$	12,000	$	7,200	$	3,000	$	10,200	$	12,000		
Administrative												
Supervisors Fees												
FICA	$	918	$	321	$	230	$	551	$	918		
Engineer	$	10,000	$	2,426	$	2,000	$	4,426	$	10,000		
Attorney	$	20,000	$	22,910	$	12,300	$	35,210	$	30,000		
Annual Audit	$	4,000	$	3,715	$	-	$	3,715	$	4,000		
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,000		
Property Appraiser Fee	$	1,000	$	663	$	-	$	663	$	1,000		
Management Fees	$	64,644	$	48,483	$	16,161	$	64,644	$	66,583		
Information Technology	$	1,600	$	1,150	$	400	$	1,550	$	1,600		
Trustee Fees	$	4,337	$	4,337	$	-	$	4,337	$	4,500		
Dissemination Agreement	$	1,000	$	750	$	250	$	1,000	$	1,000		
Arbitrage Rebate	$	600	$	600	$	-	$	600	$	600		
Telephone	$	200	$	-	$	-	$	-	$	200		
Postage	$	1,500	$	542	$	136	$	678	$	1,000		
Insurance	$	36,000	$	33,713	$	-	$	33,713	$	37,100		
Printing and Binding	$	2,000	$	1,117	$	250	$	1,367	$	2,000		
Newsletter	$	3,300	$	2,161	$	1,080	$	3,241	$	3,300		
Legal Advertising	$	1,500	$	427	$	1,073	$	1,500	$	1,500		
Office Supplies	$	500	$	244	$	80	$	324	$	500		
Dues, Licenses, Subscriptions	$	175	$	175	$	-	$	175	$	175		
Administrative Contingency	$	500	$	160	$	60	$	220	$	500		
SUBTOTAL ADMINISTRATIVE	$	170,774	$	136,094	$	37,020	$	173,114	$	183,476		
Operations and Maintenance												
Environmental	$	18,135	$	11,385	$	3,795	$	15,180	$	18,135		
Lake Maintenance												
Utilities	$	52,500	$	4,645	$	1,720	$	6,365	$	8,740		
Kissimmee Utility Authority												
Toho Water Authority	$	8,500	$	46,328	$	38,556	$	84,884	$	87,000		
Orlando Utilities Commission	$	20,000	$	12,291	$	4,500	$	16,791	$	20,312		
Centurylink	$	7,000	$	4,349	$	1,500	$	5,849	$	7,000		
Bright House Network	$	1,800	$	1,142	$	381	$	1,523	$	1,800		
Roadways	$	17,005	$	12,065	$	3,810	$	15,875	$	17,005		
Street Sweeping												
Drainage	$	5,000	$	-	$	1,120	$	1,120	$	5,000		
Sidewalk & Roadway Repairs	$	45,000	$	53,540	$	-	$	53,540	$	-		
Signage	$	5,000	$	3,795	$	500	$	4,295	$	5,000		
Common Area	$	265,000	$	202,679	$	67,143	$	269,822	$	280,658		
Landscaping												
Feature Lighting	$	3,000	$	2,394	$	500	$	2,894	$	3,000		
Irrigation	$	20,000	$	4,862	$	1,500	$	6,362	$	20,000		
Trash Receptacles & Benches	$	5,000	$	1,114	$	500	$	1,614	$	5,000		
Plant Replacement and Bed Enhancements	$	10,000	$	-	$	2,700	$	2,700	$	10,000		
Miscellaneous Common Area Services	$	10,000	$	2,000	$	3,000	$	5,000	$	10,000		
Soccer/Ball Field Maintenance	$	1,000	$	7,470	$	-	$	7,470	$	1,000		
Recreation Center	$	20,000	$	8,803	$	3,500	$	12,303	$	20,000		
Pool Maintenance												
Pool Cleaning	$	8,500	$	5,400	$	1,800	$	7,200	$	7,852		
Pool Permits	$	550	$	525	$	-	$	525	$	550		
Recreation Center Cleaning	$	14,830	$	11,015	$	3,500	$	14,515	$	14,830		
Recreation Center Repairs & Maintenance	$	10,000	$	7,697	$	2,303	$	10,000	$	10,000		
Pest Control	$	672	$	652	$	-	$	652	$	672		
SUBTOTAL MAINTENANCE	$	548,492	$	404,149	$	142,327	$	546,476	$	553,554		

1

REMINGTON

COMMUNITY DEVELOPMENT DISTRICT

ADOPTED BUDGET

GENERAL FUND

Fiscal Year 2018

		ADOPTED		ACTUAL		PROJECTED		TOTAL		ADOPTED		
DESCRIPTION		BUDGET		THRU		NEXT		AS OF		BUDGET		
		FY 2017		6/30/17		3 MONTHS		9/30/17		FY 2018		
Security	$	4,000	$	4,087	$	-	$	4,087	$	4,000		
Recreation Center Access												
Security Guard	$	275,209	$	190,769	$	65,000	$	255,769	$	275,209		
Gate Repairs	$	11,000	$	2,299	$	2,500	$	4,799	$	11,000		
Guard House Cleaning	$	3,278	$	1,950	$	650	$	2,600	$	3,278		
Guard House Repairs and Maintenance	$	4,500	$	984	$	1,000	$	1,984	$	4,500		
Gate Maintenance Agreement	$	1,100	$	1,100	$	-	$	1,100	$	1,100		
Other	$	500	$	-	$	250	$	250	$	500		
Contingency												
Field Management Services	$	25,140	$	18,855	$	6,285	$	25,140	$	25,894		
SUBTOTAL MAINTENANCE	$	324,727	$	220,044	$	75,685	$	295,729	$	325,481		
												
TOTAL MAINTENANCE	$	873,219	$	624,193	$	218,012	$	842,205	$	879,035		
												
TOTAL EXPENDITURES	$	1,043,993	$	760,286	$	255,032	$	1,015,319	$	1,062,512		
Other Sources/ (Uses)	$	(150,000)	$	(150,000)	$	-	$	(150,000)	$	(150,000)		
Transfer Out - Pavement Management												
Transfer Out - Capital Projects	$	(80,394)	$	(80,394)	$	-	$	(80,394)	$	(51,610)		
SUBTOTAL OTHER SOURCES/(USES)	$	(230,394)	$	(230,394)	$	-	$	(230,394)	$	(201,610)		
												
TOTAL EXPENDITURES / OTHER SOURCES/(USES)	$	1,274,387	$	990,680	$	255,032	$	1,245,713	$	1,264,122		
												
EXCESS REVENUES/(EXPENDITURES)	$	(131,415)	$	157,804	$	(253,863)	$	(96,059)	$	(120,000)		
												
FUND BALANCE - BEGINNING	$	131,415	$	391,726	$	-	$	391,726	$	120,000		
												
FUND BALANCE - ENDING	$	-	$	549,530	$	(253,863)	$	295,667	$	-		
						Net Assessments	$	FY 2017	$	FY 2018		
								1,137,222.00		1,137,222.00		
				Add: Discounts & Collections	$	72,588.64	$	72,588.64		
						Gross Assessments	$	1,209,810.64	$	1,209,810.64		
							$	1,783	$	1,783		
								678.53		678.53		

2

REMINGTON

Community Development District

Fiscal Year 2018

REVENUES

Maintenance Assessment

The District will levy a non-ad valorem assessment on all of the assessable property within the District in order to pay for the operating expenditures during the fiscal year.

Interest Income

The District will invest surplus funds with US Bank and State Board of Administration.

Miscellaneous Income

The District will receive fees for renting the recreation facility, purchase of gate entry barcodes and gym/pool cards.

Carry Forward Surplus

The District will utilize excess funds collected in previous fiscal years.

EXPENDITURES – Administrative

Supervisors Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings. The District anticipates 12 meetings per year, with all Board members receiving payment for their attendance at each meeting.

FICA Expense

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

Engineering

The District’s Engineer, Hanson, Walter & Associates, will be providing general engineering services to the District, e.g., attendance and preparation for the monthly Board meetings, review of invoices and requisitions, preparation and review of contract specifications and bid documents, and various projects assigned as directed by the Board of Supervisors and the District Manager.

Attorney

The District’s Attorney, Clark & Albaugh, LLP., will be providing general legal services to the District, e.g., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to have an independent audit of its financial records on an annual basis.

Assessment Administration

Expenses related to administering the Annual Assessments on the tax roll with the Osceola County Tax Collector.

3

REMINGTON

Community Development District

Fiscal Year 2018

Property Appraiser Fee

Represents a fee charged by Osceola County Property Appraiser’s office for assessment administration services.

Management Fees

The District has contracted with Governmental Management Services- Central Florida, LLC to provide management, accounting, and recording secretary services. These services include, but are not limited to, advertising, recording and transcribing of Board meetings, administrative services, budget preparation, financial reporting, and assisting with annual audits.

Information Technology

Represents costs related to District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Trustee Fees

The District will pay annual trustee fees for the Series 2008-2 Special Assessment Refunding Bonds held at US Bank.

Dissemination Agreement

The District’s bondholder has requested special annual reports on the District’s development activity. The District has contracted with Governmental Management Services-Central Florida, LLC to provide these reports. The amount is based upon the contract amount.

Arbitrage Rebate

The District is required to annually have an arbitrage rebate calculation on the District’s Series 2008-2 special assessment bonds. The District has contracted with Amtec, an independent public accounting firm, to calculate the arbitrage rebate liability and submit a report to the District.

Telephone

The District incurs charges for telephone and facsimile services.

Postage

The District incurs charges for mailing Board meeting agenda packages, invoices to third parties, checks for vendors, and other required correspondence.

Insurance

The District’s general liability, public official’s liability and property insurance coverages are provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Printing and Binding

The District incurs charges for printing and binding agenda packages and printing computerized checks, correspondence, stationery, envelopes, photocopies and other printed material.

Newsletter

The District incurs charges for delivering of the community newsletter.

4

REMINGTON

Community Development District

Fiscal Year 2018

Legal Advertising

Board meetings and other services are required to be advertised, such as public bidding advertisements and meeting notices, and any other advertising that may be required. The District publishes all of its legal advertising in the Orlando Sentinel.

Office Supplies

The District incurs charges for supplies that need to be purchased during the fiscal year, including copier and printer toner cartridges, paper, file folders, binders, pens, paper clips, and other such 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 anticipated expenditure for this category.

Administrative Contingency

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

EXPENDITURES – Operations and Maintenance

ENVIRONMENTAL

Lake Maintenance

Scheduled maintenance consists of monthly inspections and treatment of aquatic weeds and algae within CDD lakes. Herbiciding will consist of chemical treatments. Algae control will include hand removal and chemical treatments. The District has contracted with Applied Aquatic Management, Inc. for this service.
	Monthly	Annual	
Description	Amount	Amount	
Lake Maintenance	$1,265	$15,180	
Estimated 3% Inflationary Increase	$38	$455	
Contingency		$2,500	
Total		$18,135	

UTILITIES

Kissimmee Utility Authority

This fee includes the District’s electrical, water & sewer and irrigation costs for the recreation center, pool and other areas within the District.
		Monthly	Annual	
Account#	Address	Amount	Amount	
927130-652350   Master Acct-Remington CDD	$520	$6.240	
	Contingency		$2,500	
Total			$8,740	

5

REMINGTON

Community Development District

Fiscal Year 2018

Toho Water Authority

This fee includes the District’s water & sewer and irrigation costs for certain areas within the District.
		Monthly	Annual		
Account#	Address	Amount	Amount		
927130-652350	Remington CDD - Master Account	$6,500	$78,000		
1943950-775010	Rem. Blvd & Prestwick Ln Irr	$317	$3,800		
1943950-784350	2706 Prestwick Ln	$58	$700		
1943950-946850	2751 Partin Settlement Rd	$46	$550		
1943950-946890	260 E Lakeshore Blvd	$46	$550		
1943950-809250	456 Janice Kay Pl Rm	$133	$1,600		
Total	Contingency		$1,800		
			$87,000		

Orlando Utilities Commission

This fee includes the District’s electrical, streetlight and irrigation costs for certain areas within the District.
		Monthly	Annual		
Account#	Address	Amount	Amount		
07058-52257	2900 Remington Blvd SS	$40	$480		
24545-09417	2400 Block Odd Remington Blvd	$20	$240		
63031-86907	2901 Remington Blvd	$25	$300		
69798-66736	260 East Lakeshore Blvd HSL	$90	$1,080		
41621-82149	2995 Remington Blvd Irr	$13	$156		
74288-14558	2651 Remington Blvd Irr (Streetlights)	$252	$3,024		
07261-84434	2651 Remington Blvd	$775	$9,300		
60455-74548	2651 Partin Settlement Rd	$45	$540		
44837-46246	2700 Remington Blvd SS	$40	$480		
61425-13386	2699 Remington Blvd Gate	$11	$132		
51194-67580	2999 Remington Blvd SS	$100	$1,200		
57459-11606	2500 Block Even Remington Blvd	$12	$144		
02748-56035	2700 Block Odd	$20	$240		
28337-61469	2706 Prestwick Ln	$18	$216		
Total	Contingency		$2,780		
			$20,312		

Centurylink

This is for telephone service for the gatehouses and recreation center modem lines.

		Monthly	Annual		
Account#	Address	Amount	Amount		
312091012	2651 Remington Blvd (Rec. Center)	$261	$3,126		
311297420	260 E Lakeshore Blvd	$112	$1,344		
311154656	2751 Partin Settlement Rd	$112	$1,344		
Total	Contingency		$1,186		
			$7,000		

6

REMINGTON

Community Development District

Fiscal Year 2018

Bright House Network

This is for Internet service at the recreation center and for the DVR security system.

		Monthly	Annual		
Account#	Address	Amount	Amount		
0787976-02	2651 Remington Blvd	$130	$1,560		
Total	Contingency		$240		
			$1,800		

ROADWAYS

Street Sweeping

Scheduled maintenance of roadways and alleys consists of sweeping pavement, curb and gutter, and alley areas. Private roadways will be maintained by the Owners Association. The District has contracted with USA Services.
	Annual	
Description	Amount	
Street Sweeping $635 Bi-Weekly	$16,510	
Estimated 3% Inflationary Increase $19 Bi-Weekly	$495	
Total	$17,005	

Drainage

Unscheduled maintenance consists of repair of drainage system in conjunction with roadway system.

Sidewalk & Roadway Repairs

Unscheduled maintenance of repair of sidewalks, curb and roadways

Signage

Unscheduled maintenance of signage consists of cleaning and general maintenance

COMMON AREA

Landscaping

Scheduled maintenance consists of mowing, edging, blowing, applying pest and disease control chemicals to sod, mulching once per year, applying fertilizer and pest and disease control chemicals, and transplanting annuals four times per year. Unscheduled maintenance consists of replacing damaged sod and adding new sod. Unscheduled maintenance of annuals consists of replacing damaged plant material. The District has contracted REW Landscape LLC for this service.
	Monthly	Annual	
Description	Amount	Amount	
Landscape Maintenance	$22,381	$268,572	
Estimated 3% Inflationary Increase	$671	$8,057	
Contingency		$4,029	
Total		$280,658	

7

REMINGTON

Community Development District

Fiscal Year 2018

Feature Lighting

Unscheduled maintenance consists of replacing damaged fixtures or inoperable fixtures.

Irrigation

Scheduled maintenance consists of regular inspections, adjustments to controller and irrigation heads, minor system repairs, and purchase of irrigation supplies. Unscheduled maintenance consists of major repairs and replacement of system components.

Trash Receptacles & Benches

Scheduled maintenance consists of purchase of trashcans and benches. Unscheduled maintenance consists of replacement of damaged trashcans.

Plant Replacement & Bed Enhancements

Unscheduled maintenance consists of tree, shrub and other plant material replacements as well as annual bed enhancements.

Miscellaneous Common Area Services

Unscheduled maintenance for other areas not listed in the above categories.

Soccer/Ball Field Maintenance

Scheduled maintenance consists of mowing, edging, blowing, applying pest and disease control chemicals to sod. Unscheduled maintenance consists of replacing damaged sod and adding new sod.

RECREATION CENTER

Pool Maintenance

Unscheduled maintenance consists of repairing damages and any unscheduled treatment of the pool.

Pool Cleaning

Scheduled maintenance consists of regular cleaning and treatments to pool chemical levels as follows: January thru May 3 time a week and June thru December 5 times a week. The District has contracted J&J Pool Company for this service.
	Annual	
Description	Amount	
Contract for $600 monthly for 8 months (3 days per week)	$4,800	
Contract for $600 monthly for 4 months (5 days per week)	$2,400	
Estimated 3% Inflationary Increase	$216	
Special Cleanings	$436	
Total	$7,852	

Pool Permits

Permit fees for required occupational and pool permits.

8

REMINGTON

Community Development District

Fiscal Year 2018

Recreation Center Cleaning

Scheduled maintenance consists of regular cleaning service provided by Builder Services, Inc.

	Weekly	Annual	
Description	Amount	Amount	
Recreation Center Cleaning Services	$250	$13,000	
Estimated 3% Inflationary Increase	$8	$390	
Supplies for Recreation Center		$1,440	
Total		$14,830	

Recreation Center Repairs & Maintenance

Unscheduled maintenance consists of repairs and replacement of damaged areas.

Pest Control

This represents pest control of CDD facilities provided by Terminex. Additional costs added for inflationary increases.
	Monthly	Annual	
Description	Amount	Amount	
Pest Control Services	$54	$652	
Estimated 3% Inflationary Increase	$2	$20	
Total		$672	

SECURITY

Recreation Center Access

This item includes maintenance for accessibility to the recreation center and the purchase of swipe access cards for the recreation center.

Security Guard

Security services throughout the Community facilities provided by Universal Protection Services.

	Annual		
Description	Amount		
Contract Cost of $14.89 per hour for	$126,544		
Guardhouses			
Contract Cost of $14.89 per hour for Recreation Center	$45,564		
Contract Cost of $18.14 per hour for Roving Patrol	$80,433		
Estimated 3% Inflationary Increase	$7,576		
Additional Daytime Roving Patrol (8hrs/day for 2x per week)	$15,092		
Total	$275,209		

Gate Repairs (Front and Back Access)

Unscheduled maintenance consists of repairing damages.

9

REMINGTON

Community Development District

Fiscal Year 2018

Guard House Cleaning

Scheduled maintenance consists of regular cleaning services provided by Builder Services, Inc.

	Weekly	Annual	
Description	Amount	Amount	
Guardhouses Cleaning Services	$50	$2,600	
Estimated 3% Inflationary Increase	$2	$78	
Supplies for Guardhouses		$600	
			
Total		$3,278	

Guard House Repairs & Maintenance

Unscheduled maintenance consists of repairs and replacement of damaged areas.

Gate Maintenance Agreement

Scheduled maintenance with ACT.

OTHER

Contingency

The current year contingency represents the potential excess of unscheduled maintenance expenses not included in budget categories or not anticipated in specific line items.

Field Management Services

Includes overhead costs associated with the services being provided under a management consulting contract with Governmental Management Services-Central Florida, LLC. This includes employees utilized in the field and office management of all District assets.

Transfer Out – Pavement Management/Capital Projects

Excess funds transferred to Pavement Management or Capital Projects for any roadway and/or capital outlay expenses.

10

REMINGTON

COMMUNITY DEVELOPMENT DISTRICT

ADOPTED BUDGET

PAVEMENT MANAGEMENT

Fiscal Year 2018

		ADOPTED		ACTUAL		PROJECTED		TOTAL		ADOPTED		
DESCRIPTION		BUDGET		THRU		NEXT		AS OF		BUDGET		
		FY 2017		6/30/17		3 MONTHS		9/30/17		FY 2018		
REVENUES:	$	658,889	$	658,810	$	-	$	658,810	$	809,609		
FUND BALANCE												
TRANSFER IN	$	150,000	$	150,000	$	-	$	150,000	$	150,000		
INTEREST INCOME	$	500	$	554	$	270	$	824	$	500		
TOTAL REVENUES	$	809,389	$	809,364	$	270	$	809,634	$	960,109		
EXPENSES;	$	-	$	-	$	-	$	-	$	-		
CAPITAL OUTLAY - ENGINEERING												
CAPITAL OUTLAY - CONTINGENCY	$	-	$	25	$	-	$	25	$	-		
CAPITAL OUTLAY - ROADWAY IMPROVEMENTS	$	-	$	-	$	-	$	-	$	-		
TOTAL EXPENSES	$	-	$	25	$	-	$	25	$	-		
												
EXCESS REVENUES(EXPENDITURES)	$	809,389	$	809,339	$	270	$	809,609	$	960,109		

11

REMINGTON

COMMUNITY DEVELOPMENT DISTRICT

ADOPTED BUDGET

CAPITAL PROJECTS

Fiscal Year 2018

		ADOPTED		ACTUAL		PROJECTED		TOTAL		ADOPTED		
DESCRIPTION		BUDGET		THRU		NEXT		AS OF		BUDGET		
		FY 2017		6/30/17		3 MONTHS		9/30/17		FY 2018		
REVENUES:	$	451,028	$	483,931	$	-	$	483,931	$	440,946		
FUND BALANCE												
TRANSFER IN	$	80,394	$	80,394	$	-	$	80,394	$	51,610		
INTEREST INCOME	$	100	$	149	$	90	$	239	$	100		
TOTAL REVENUES	$	531,522	$	564,474	$	90	$	564,564	$	492,656		
EXPENSES;	$	10,000	$	8,000	$	-	$	8,000	$	10,000		
CAPITAL OUTLAY - CONTINGENCY												
CAPITAL OUTLAY - POOL FURNITURE	$	-	$	6,784	$	-	$	6,784	$	-		
CAPITAL OUTLAY - PLAYGROUND	$	-	$	26,519	$	-	$	26,519	$	-		
CAPITAL OUTLAY - FITNESS EQUIPMENT	$	10,000	$	-	$	-	$	-	$	10,000		
CAPITAL OUTLAY - IRRIGATION IMPROVEMENTS	$	17,000	$	26,498	$	-	$	26,498	$	-		
CAPITAL OUTLAY - PAINTING	$	20,000	$	-	$	20,000	$	20,000	$	-		
CAPITAL OUTLAY - PRESSURE WASHING	$	-	$	-	$	-	$	-	$	20,000		
CAPITAL OUTLAY - DRAINAGE	$	-	$	21,800	$	-	$	21,800	$	-		
CAPITAL OUTLAY - SIDEWALK/ROAD IMPROVEMENTS	$	-	$	14,017	$	-	$	14,017	$	95,000		
TOTAL EXPENSES	$	57,000	$	103,618	$	20,000	$	123,618	$	135,000		
												
EXCESS REVENUES(EXPENDITURES)	$	474,522	$	460,856	$	(19,910)	$	440,946	$	357,656		

12

REMINGTON

COMMUNITY DEVELOPMENT DISTRICT

		ADOPTED BUDGET						
		DEBT SERVICE FUND - SERIES 2008-2						
			Fiscal Year 2018							
		ADOPTED								
				ACTUAL		PROJECTED		TOTAL		ADOPTED		
DESCRIPTION		BUDGET		THRU		NEXT		AS OF		BUDGET		
		FY 2017		6/30/17		3 MONTHS		9/30/17		FY 2018		
REVENUES:	$	212,600	$	215,677	$	-	$	215,677	$	211,205		
FUND BALANCE												
SPECIAL ASSESSMENTS	$	571,509	$	574,162	$	-	$	574,162	$	571,509		
INTEREST INCOME	$	100	$	475	$	90	$	565	$	400		
TOTAL REVENUES	$	784,209	$	790,315	$	90	$	790,405	$	783,114		
EXPENSES;	$	32,200	$	32,100	$	-	$	32,100	$	21,800		
INTEREST - 11/1												
PRINCIPAL - 5/1	$	515,000	$	515,000	$	-	$	515,000	$	535,000		
INTEREST - 5/1	$	32,200	$	32,100	$	-	$	32,100	$	21,800		
TOTAL EXPENSES	$	579,400	$	579,200	$	-	$	579,200	$	578,600		
												
EXCESS REVENUES(EXPENDITURES)	$	204,809	$	211,115	$	90	$	211,205	$	204,514		
								November 1, 2018		$11,100		

13

REMINGTON

Community Development District

Series 2008-2 Special Assessment Bonds

Debt Service Schedule

AMORTIZATION SCHEDULE

	DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL			
	11/1/17	$1,090,000.00	4.00%	$0.00	$21,800.00	$568,900.00			
									
	5/1/18	$1,090,000.00	4.00%	$535,000.00	$21,800.00				
	11/1/18	$555,000.00	4.00%	$0.00	$11,100.00	$567,900.00			
5/1/19	$555,000.00	4.00%	$555,000.00	$11,100.00	$566,100.00			
		TOTAL		$1,090,000.00	$65,800.00	$1,702,900.00			

14