Crossings Community Development District Adopted Budget FY2024 1-2 3-6 7 8 Amortization Schedule Table of Contents General Fund General Fund Narrative Debt Service - Series 2022 Adopted Actuals Projected Description FBYu2d0g2e3t 5/T3h1r/u23 4 MNeoxntt hs P9r/oT3jhe0rc/ute2d3 AFBYduo2dp0gt2ee4td Revenues ADsesveeslsompeenr tCs o- nOtnri bRuotlilons $$ 4 3 8 , 9 -00 $$ 5 0 , 0 -00 $$ 2 0 7 , 7 -48 $$ 2 5 7 , 7 -48 $$ 125606,,173646 Total Revenues $ 438,900 $ 50,000 $ 207,748 $ 257,748 $ 416,900 Expenditures General & Administrative Supervisor Fees 12,000 $ 2,400 $ 7,000 $ 9,400 $ 12,000 $ Engineering 15,000 $ 503 $ 10,000 $ 10,503 $ 15,000 $ Attorney 25,000 $ 4,609 $ 20,391 $ 25,000 $ 25,000 $ Annual Audit 5,000 $ - $ 3,850 $ 3,850 $ 3,950 $ Assessment Administration 5,000 $ - $ - $ - $ 5,000 $ Arbitrage 450 $ - $ 450 $ 450 $ 450 $ Dissemination 5,000 $ 3,333 $ 1,667 $ 5,000 $ 5,000 $ Trustee Fees 3,600 $ - $ 4,100 $ 4,100 $ 4,100 $ Management Fees 35,000 $ 23,333 $ 11,667 $ 35,000 $ 35,000 $ Information Technology 1,800 $ 1,200 $ 600 $ 1,800 $ 1,800 $ Website Maintenance 1,200 $ 800 $ 400 $ 1,200 $ 1,200 $ Postage & Delivery 1,000 $ 295 $ 413 $ 707 $ 1,000 $ Insurance 5,000 $ 5,000 $ - $ 5,000 $ 6,000 $ Printing 1,000 $ 1 $ 250 $ 251 $ 1,000 $ Legal Advertising 10,000 $ 200 $ 760 $ 959 $ 7,500 $ Contingency 5,810 $ 36 $ 950 $ 986 $ 2,500 $ Office Supplies 550 $ 10 $ 200 $ 210 $ 550 $ Dues, Licenses & Subscriptions 175 $ 175 $ - $ 175 $ 175 $ Total Administrative 132,585 $ 41,894 $ 62,697 $ 104,591 $ 127,225 $ Operation and Maintenance Field Expenditures Property Insurance 7,500 $ - $ 3,750 $ 3,750 $ 15,000 $ Field Management 7,500 $ - $ 3,750 $ 3,750 $ 15,000 $ Landscape Maintenance 21,190 $ - $ 10,595 $ 10,595 $ 65,000 $ Landscape Replacement & Enhancements 2,500 $ - $ 1,250 $ 1,250 $ 5,000 $ Lake Maintenance 2,750 $ - $ 1,375 $ 1,375 $ 7,500 $ Streetlights 42,000 $ - $ 21,000 $ 21,000 $ 50,000 $ Electric 3,000 $ - $ 1,500 $ 1,500 $ 6,000 $ Water & Sewer 2,500 $ - $ 1,250 $ 1,250 $ 5,000 $ Sidewalk & Asphalt Maintenance 1,250 $ - $ 625 $ 625 $ 2,500 $ Irrigation Repairs 2,500 $ - $ 1,250 $ 1,250 $ 5,000 $ General Repairs & Maintenance 2,500 $ - $ 1,250 $ 1,250 $ 5,000 $ Contingency 75,000 $ - $ 37,500 $ 37,500 $ 5,500 $ Total Field Expenditures 170,190 $ - $ 85,095 $ 85,095 $ 186,500 $ Crossings Community Development District General Fund 1 Adopted Actuals Projected Description FBYu2d0g2e3t 5/T3h1r/u23 4 MNeoxntt hs P9r/oT3jhe0rc/ute2d3 AFBYduo2dp0gt2ee4td Crossings Community Development District General Fund Expenditures Amenity Access Management 2,500 $ - $ 1,250 $ 1,250 $ 5,000 $ Amenity - Electric 7,200 $ - $ 3,600 $ 3,600 $ 14,400 $ Amenity - Water 2,500 $ - $ 1,250 $ 1,250 $ 5,000 $ Playground Lease 23,550 $ - $ 11,775 $ 11,775 $ - $ Internet 1,500 $ - $ 750 $ 750 $ 3,000 $ Pest Control 375 $ - $ 188 $ 188 $ 1,500 $ Janitorial Services 3,250 $ - $ 1,625 $ 1,625 $ 10,200 $ Security Services 7,500 $ - $ 3,750 $ 3,750 $ 25,000 $ Pool Maintenance 9,000 $ - $ 4,500 $ 4,500 $ 22,200 $ Amenity Repairs & Maintenance 3,750 $ - $ 1,875 $ 1,875 $ 7,500 $ Holiday Décor - $ - $ - $ - $ 3,000 $ Contingency 75,000 $ - $ 37,500 $ 37,500 $ 6,375 $ Total Amenity Expenditures 136,125 $ - $ 68,063 $ 68,063 $ 103,175 $ Total O&M Expenditures: 306,315 $ - $ 153,158 $ 153,158 $ 289,675 $ Total Expenditures 438,900 $ 41,894 $ 215,854 $ 257,748 $ 416,900 $ Excess Revenues/(Expenditures) - $ 8,106 $ (8,106) $ - $ - $ Product ERU's Assessable Units ERU/Unit Net Assessment Net Per Unit (6%) Gross Per Unit Townhome - 22' 108.00 144 0.75 $93,906 $652.13 $693.75 Bungalow - 32' 54.40 68 0.80 $47,301 $695.60 $740.00 Single Family - 50' 126.00 126 1.00 $109,557 $869.50 $925.00 Total ERU's 288.40 338 $250,764 2 Crossing Community Development District General Fund Budget Revenues: Assessments The District will levy a non-ad valorem assessment on all assessable property within general operating and maintenance expenditures during the fiscal year. the District to fund all Developer Contributions tThhee F Disisctarli Ycte awri.l enter into a funding agreement with the Developer to fund the General Fund expenditures for Expenditures: General & Administrative: Supervisor Fees yCehaarp pteari d1 t9o0 e, aFclohr Siduap eSrtvaitsuotre sfo, ar ltlhoew tsi mfoer deeavcoht eBdo atord D mistermicbt ebru tsoin reescse aivned $m2e0e0t ipnegrs .m eeting, not to exceed $4,800 per Engineering TfDohirse tm rDicoitsn tMtrhiaclynt' asbg eoenargr. din meeere wtinilgl sb,e r pevroievwid iinngv ogiecnese raanl de nvgairnieoeursi npgr osjeercvtisc eass tdoi rthecet eDdis btryic tth, ee .gB. oaatrtedn odfa Snucep earnvdis porres paanrda ttiohne Attorney DTmhieseet rtDiicnistg tMsr,i acpntr'ase gpleeargr.a alt icoonu nasnedl wreivlli ebwe porfo avgidreinegm geenntes,r arle lseoglualt isoenrsv,i ceetcs . taos t hdeir Decistetrdi cbt,y e t.gh.e a tBteonardda nocfe S aunpde rpvriespoarrsa atinodn tfhoer ATnhne uDails Atruicdti ti s required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. tAThshesee D sDsiismsttreriniccttt .A wdimll icnoisnttrraatciot nto levy and administer the collection of non-ad valorem assessment on all assessable property within ALTirhabebi tiDlriiatsygt reoi cFnte iewtssi bll ocnodnst raancdt wanityh o atnh einr daenptiecnipdaetnetd c beortnifdie idss puuabnlciec. a ccountant to annually calculate the District’s Arbitrage Rebate DaTdhisdesi etDmioiisnntaarlit critoe npis oF rerteeinsq gu irreeqdu ibrye mtheen tSse fcourr uitnyr aatnedd bEoxnchda inssguee sC.o –m Gmovisesrinomn etno taclo Mmapnlya gwemithe nRt,u CleF L1 5c2-12(b)(5) which relates to TTrhues Dteies tFreicets will pay annual trustee fees for the proposed bonds. 3 Crossings Community Development District General Fund Budget Management Fees The District receives Management, Accounting and Administrative services as part of a Management t Groavnesrcnrimpteinotna lo fM baonaargde mmeeentti nSgesr,v aicdems-iCneisnttrraatli vFel osreirdvaic, eLsL, Cb.u Tdhgee ts perrvepicaersa tiniocnlu, dalel fbinuat nacriea ln roetp loimrtist,e adn nt ouA,a grlre aecueomdridetisnn, tge w tacin. tdh Information Technology a sRecercpvoriuecnesetsi,nn tcgsl o scuoofdst twss tarorerelaa, gttaeebd sl teeotrs vt hfioceer Ds m iasenterdtiic nts’gessr i,vn Aefrdosro,m bpeao,t sMioitinicv rseoy sspotaefytm Oismf,f wipcelhe,i mcehtec in.n tcaltuiodne bauntd a prer ongorta lmimmitiendg tfoo rv ifdreaou dco pnrfeorteecntciionng, Website Maintenance CRuphedpaparetteessre ,n1 dt8so9 ct,u hFmelo ecrnoidts atus pS atloastasuodtcsei, ash.t oeTsdht eiwnsgeit shaen mrdv odicnoeimsto ianriicnnl gur edanene sdwi tmael psa,ie nwrtfeaobirnsmiintaegn bctaehc eak sDuspeisssts,r meictcet’.ns – tw sG, eosbevcseuirtnreim tcyre aennattadel f dMi rieanwn aaagclcle ommraedinantnt, ecCenF awLn icteh, Postage & Delivery The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc. Insurance The District’s general liability and public official’s liability insurance coverages. Printing Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc. Legal Advertising o Tfh gee Dniesrtarli ccti risc urleaqtiuoinre. d to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper Contingency Bank charges and any other miscellaneous expenses incurred during the year. Office Supplies pAanpye sru cplipplsie, se ttch. at may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, Dues, Licenses & Subscriptions iTsh teh eD oisntrlyic et xisp erneqseu iurnedd etro tphaisy caant eagnonruya flo fre teh teo D thiset rFiclot.r ida Department of Economic Opportunity for $175. This Operations & Maintenance: F ield Expenditures Property Insurance The District’s property insurance coverages. 4 Crossings Community Development District General Fund Budget Field Management Represents the estimated costs of contracting services that provide onsite field management Dcpohisnottnrrieac ctc taoslrlussc ,ah mn dao sne imltaoanriidlnss.g c aopf eu tailnitdy alackceo umntasi,n attetneanndc Be.o aSredr vmiceeest icnagns ainncdl uredcee iovnes aitned irnessppeocntido ontofs ,c pomrnotepreeatrcinttysg sfoo wrw ntihether iLRnaesnptdarelslcsaaetpinoetns M otahf ielna tneesdntsaicmnacapete e dm amteariniatle hnaasn cbee eonf ctohme plalentdesdc.a ping within the common areas of the District after the LRaenpdrescsaepnets R tehpel aecsetimmeantte &d cEonshta onfc reempelanctisn g landscaping within the common areas of the District. LRaekper eMseaninttse tnhaen ecset imated maintenance of the lake within the common areas of the District. Streetlights tRherporuegsheonutst tthhee fcisocsatl tyoe amr.a intain street lights within the District Boundaries that are expected to be in place Electric Represents current and estimated electric charges of common areas throughout the District. Water & Sewer R Deisptrreicste. n ts current and estimated costs for water and refuse services provided for common areas throughout the Sidewalk & Asphalt Maintenance Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary. Irrigation Repairs Rweepllrse. sents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation GReenperreasle Rntesp aesirtsim &a Mteadi nctoesntas nfocer general repairs and maintenance of the District’s common areas. Contingency Raneyp rfieesledn ctas tfeugnodrsy .a llocated to expenses that the District could incur throughout the fiscal year that do not fit into 5 Crossings Community Development District General Fund Budget Amenity Expenditures Amenity Access Management Represents the cost of managing and monitoring access to the District’s amenity facilities. Amenity - Electric Represents estimated electric charges for the District’s amenity facilities. Amenity – Water Represents estimated water charges for the District’s amenity facilities. Internet Internet service will be added for use at the Amenity Center. Pest Control The District will incur costs for pest control treatments to its amenity facilities. Janitorial Services Represents estimated costs to provide janitorial services and supplies for the District’s amenity facilities. Security Services Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities. Pool Maintenance Represents estimated costs of regular cleaning and treatments of the District’s pool. Amenity Repairs & Maintenance Represents estimated costs for repairs and maintenance of the District’s amenity facilities. Holiday Decor R epresents estimated costs for Holiday decoration Contingency aRneyp raemseenntisty f ucnatdesg aolrloy.c ated to expenses that the District could incur throughout the fiscal year that do not fit into 6 Adopted Actuals Projected Description FBYu2d0g2e3t 5/T3h1r/u23 4 MNeoxntths P9r/To3jhe0rc/ut2e3d AFBdYuo2dp0gt2ee4dt ICARnsaetsrveerersynes Fsmutoe eIrsnnwctasor mde Surplus * $$$ 13 07 27 ,, 56 -8817 $$$ 12 03 345,,,221567383 $$$ 1 4 32 ,, 45 -1897 $$$ 13 07 37 7,,,267586180 $$$ 13 57 37 ,,26 5180110 Total Revenues $ 480,268 $ 342,693 $ 146,006 $ 488,699 $ 531,392 Expenses IIPnnrttineerrceeipssatt -l- 1-0 105/5/0/01011 $$$ 11 049240,,,250680370 $$$ 11 049240,,,250680370 $$$ --- $$$ 11 049240,,,250680370 $$$ 11 449225,,,330550000 Total Expenditures $ 336,849 $ 336,849 $ - $ 336,849 $ 379,700 Other Financing Sources/(Uses) Transfer In/(Out) $ - $ 1,362 $ - $ 1,362 $ - Total Other Financing Sources/(Uses) $ - $ 1,362 $ - $ 1,362 $ - Excess Revenues/(Expenditures) $ 143,419 $ 7,206 $ 146,006 $ 153,211 $ 151,692 *Carry forward less amount in Reserve funds. Series 2022 Interest - 11/01/24 $140,331 Product * Assessable Units Net Assessment Net Per Unit Gross Per Unit STBiounwnglgnea hFlooawmm ei-l 3y- 22- '25'0' 11624848 $$$11809401,,,979746308 $$11$,,624949999...756803 $$11$,,735429459...423456 Total ERU's 340 $377,681 Crossings Community Development District Debt Service Fund Series 2022 7 Crossings Community Development District Series 2022 Special Assessment Bonds Amortization Schedule Date Balance Prinicpal Interest Total 11/01/22 5,800,000.00 $ - $ 102,586.67 $ 102,586.67 $ 05/01/23 5,800,000.00 $ 90,000.00 $ 144,262.50 $ 11/01/23 5,710,000.00 $ - $ 142,350.00 $ 376,612.50 $ 05/01/24 5,710,000.00 $ 95,000.00 $ 142,350.00 $ 11/01/24 5,615,000.00 $ - $ 140,331.25 $ 377,681.25 $ 05/01/25 5,615,000.00 $ 95,000.00 $ 140,331.25 $ 11/01/25 5,315,000.00 $ - $ 138,312.50 $ 373,643.75 $ 05/01/26 5,315,000.00 $ 100,000.00 $ 138,312.50 $ 11/01/26 5,315,000.00 $ - $ 136,187.50 $ 374,500.00 $ 05/01/27 5,315,000.00 $ 105,000.00 $ 136,187.50 $ 11/01/27 5,315,000.00 $ - $ 133,956.25 $ 375,143.75 $ 05/01/28 5,315,000.00 $ 110,000.00 $ 133,956.25 $ 11/01/28 5,205,000.00 $ - $ 131,343.75 $ 375,300.00 $ 05/01/29 5,205,000.00 $ 115,000.00 $ 131,343.75 $ 11/01/29 5,090,000.00 $ - $ 128,612.50 $ 374,956.25 $ 05/01/30 5,090,000.00 $ 120,000.00 $ 128,612.50 $ 11/01/30 4,970,000.00 $ - $ 125,762.50 $ 374,375.00 $ 05/01/31 4,970,000.00 $ 125,000.00 $ 125,762.50 $ 11/01/31 4,710,000.00 $ - $ 122,793.75 $ 373,556.25 $ 05/01/32 4,710,000.00 $ 135,000.00 $ 122,793.75 $ 11/01/32 4,710,000.00 $ - $ 119,587.50 $ 377,381.25 $ 05/01/33 4,710,000.00 $ 140,000.00 $ 119,587.50 $ 11/01/33 4,570,000.00 $ - $ 116,087.50 $ 375,675.00 $ 05/01/34 4,570,000.00 $ 145,000.00 $ 116,087.50 $ 11/01/34 4,425,000.00 $ - $ 112,462.50 $ 373,550.00 $ 05/01/35 4,425,000.00 $ 155,000.00 $ 112,462.50 $ 11/01/35 4,270,000.00 $ - $ 108,587.50 $ 376,050.00 $ 05/01/36 4,270,000.00 $ 160,000.00 $ 108,587.50 $ 11/01/36 4,110,000.00 $ - $ 104,587.50 $ 373,175.00 $ 05/01/37 4,110,000.00 $ 170,000.00 $ 104,587.50 $ 11/01/37 3,940,000.00 $ - $ 100,337.50 $ 374,925.00 $ 05/01/38 3,940,000.00 $ 180,000.00 $ 100,337.50 $ 11/01/38 3,760,000.00 $ - $ 95,837.50 $ 376,175.00 $ 05/01/39 3,760,000.00 $ 190,000.00 $ 95,837.50 $ 11/01/39 3,570,000.00 $ - $ 91,087.50 $ 376,925.00 $ 05/01/40 3,570,000.00 $ 200,000.00 $ 91,087.50 $ 11/01/40 3,370,000.00 $ - $ 86,087.50 $ 377,175.00 $ 05/01/41 3,370,000.00 $ 210,000.00 $ 86,087.50 $ 11/01/41 2,940,000.00 $ - $ 80,837.50 $ 376,925.00 $ 05/01/42 2,940,000.00 $ 220,000.00 $ 80,837.50 $ 11/01/42 2,940,000.00 $ - $ 75,337.50 $ 376,175.00 $ 05/01/43 2,940,000.00 $ 230,000.00 $ 75,337.50 $ 11/01/43 2,710,000.00 $ - $ 69,443.75 $ 374,781.25 $ 05/01/44 2,710,000.00 $ 240,000.00 $ 69,443.75 $ 11/01/44 2,470,000.00 $ - $ 63,293.75 $ 372,737.50 $ 05/01/45 2,470,000.00 $ 255,000.00 $ 63,293.75 $ 11/01/45 2,215,000.00 $ - $ 56,759.38 $ 375,053.13 $ 05/01/46 2,215,000.00 $ 270,000.00 $ 56,759.38 $ 11/01/46 1,945,000.00 $ - $ 49,840.63 $ 376,600.00 $ 05/01/47 1,945,000.00 $ 285,000.00 $ 49,840.63 $ 11/01/47 1,660,000.00 $ - $ 42,537.50 $ 377,378.13 $ 05/01/48 1,660,000.00 $ 300,000.00 $ 42,537.50 $ 11/01/48 1,360,000.00 $ - $ 34,850.00 $ 377,387.50 $ 05/01/49 1,360,000.00 $ 315,000.00 $ 34,850.00 $ 11/01/49 1,045,000.00 $ - $ 26,778.13 $ 376,628.13 $ 05/01/50 1,045,000.00 $ 330,000.00 $ 26,778.13 $ - $ 11/01/50 715,000.00 $ - $ 18,321.88 $ 375,100.00 $ 05/01/51 715,000.00 $ 350,000.00 $ 18,321.88 $ - $ 11/01/51 365,000.00 $ - $ 9,353.13 $ 377,675.00 $ 05/01/52 365,000.00 $ 365,000.00 $ 9,353.13 $ 374,353.13 $ 5,800,000.00 $ 5,570,180.42 $ 11,370,180.42 $ 8