Community Development District Adopted Budget FY2024 Poinciana West 1 2-5 6 7 8 9 Amortization Schedule Series 2017 R2 Table of Contents General Fund General Fund Narrative Fund Balance Analysis Debt Service Fund Series 2017 R1 & R2 Amortization Schedule Series 2017 R1 Poinciana West Community Development District Adopted Budget General Fund Actuals Actuals Adopted Actuals 9/T3h0r/u21 9/T3h0r/u22 FBYu2d0g2e3t 5/T3h1r/u23 P4r MoNjeoecnxtttehds P9r/oT3joe0tc/at2le3d AFBdYu2odp0gt2ee4td Revenues ISCPMnpraitoesrecprcreyieeal rlFslat toAynrs eCwsoeoausnrssvd meR Byeeaanvlnetascnn e-uc eTeFeaexs Collector $$$$$ 2 9 51 ,, 165 --432116 $$$$$ 2 91 26 ,, 425 --302163 $$$$$ 2 913 156 ,,, 2075 9030 4080 - $$$$$ 2 91 1511 ,,,, 6002 9038 950256 $$$$$ 2 , 8 ----00 $$$$$ 2 91 15 13 ,,,,6028 9038950256 $$$$$ 2 9 13 106 ,,, 202 907 902 -- Total Revenues $ 297,299 $ 309,160 $ 343,532 $ 309,108 $ 2,800 $ 311,908 $ 337,571 Expenditures Administrative Supervisors Fees 2,600 $ 6,600 $ 6,000 $ 1,600 $ 4,000 $ 5,600 $ 6,000 $ FICA Expense 199 $ 505 $ 459 $ 122 $ 306 $ 428 $ 459 $ Engineering 7,410 $ 6,853 $ 15,000 $ 3,765 $ 5,000 $ 8,765 $ 15,000 $ Engineering - Property Conveyance - $ - $ 7,500 $ - $ 7,500 $ 7,500 $ - $ Attorney 6,428 $ 12,878 $ 20,000 $ 6,294 $ 6,000 $ 12,294 $ 20,000 $ Attorney - Property Conveyance - $ - $ 7,500 $ 1,178 $ 6,322 $ 7,500 $ - $ Arbitrage 450 $ 450 $ 450 $ 450 $ - $ 450 $ 450 $ Dissemination 5,400 $ 5,400 $ 3,500 $ 2,333 $ 1,167 $ 3,500 $ 3,500 $ Annual Audit 3,310 $ 3,310 $ 3,410 $ 3,425 $ - $ 3,425 $ 3,550 $ Trustee Fees 7,004 $ 7,004 $ 4,256 $ 2,837 $ 1,419 $ 4,256 $ 4,256 $ Assessment Administration 5,000 $ 5,000 $ 5,000 $ 5,000 $ - $ 5,000 $ 5,000 $ Management Fees 45,000 $ 46,350 $ 40,000 $ 26,667 $ 13,333 $ 40,000 $ 41,200 $ Information Technology 1,500 $ 1,125 $ 1,238 $ 825 $ 413 $ 1,238 $ 1,238 $ Website Maintenance - $ 750 $ 825 $ 550 $ 275 $ 825 $ 825 $ Telephone - $ - $ 50 $ - $ 17 $ 17 $ 50 $ Postage 606 $ 594 $ 1,000 $ 403 $ 333 $ 737 $ 750 $ Printing & Binding 248 $ 203 $ 800 $ 451 $ 267 $ 717 $ 800 $ Insurance 7,351 $ 6,025 $ 6,025 $ 3,650 $ - $ 3,650 $ 4,198 $ Legal Advertising 3,053 $ 3,918 $ 2,500 $ 1,368 $ 860 $ 2,228 $ 2,500 $ Other Current Charges 1,156 $ 2,065 $ 2,400 $ 956 $ 200 $ 1,156 $ 2,400 $ Office Supplies 63 $ 92 $ 200 $ 17 $ 20 $ 37 $ 200 $ Property Appraiser 3,099 $ 3,099 $ 3,100 $ - $ 3,100 $ 3,100 $ 3,100 $ Dues, Licenses & Subscriptions 175 $ 175 $ 175 $ 175 $ - $ 175 $ 175 $ Total Administrative 100,052 $ 112,395 $ 131,388 $ 62,068 $ 50,531 $ 112,599 $ 115,651 $ Operations & Maintenance Field Services 10,000 $ 10,300 $ 10,300 $ 6,867 $ 3,433 $ 10,300 $ 10,609 $ Landscape Maintenance 56,294 $ 59,643 $ 63,882 $ 39,452 $ 19,617 $ 59,070 $ 66,118 $ Aquatic Control Maintenance 57,000 $ 58,509 $ 64,963 $ 39,932 $ 19,966 $ 59,897 $ 67,194 $ Aquatic Midge Maintenance 23,800 $ 24,990 $ 30,000 $ 17,690 $ 8,580 $ 26,270 $ 30,000 $ R&M Plant Replacement - $ - $ 3,000 $ - $ - $ - $ 3,000 $ Storm Structure Repairs 150 $ 2,225 $ 10,000 $ - $ - $ - $ 10,000 $ Contingency - $ 4,360 $ 20,000 $ - $ 7,500 $ 7,500 $ 20,000 $ Capital Outlay - $ - $ 10,000 $ - $ - $ - $ 15,000 $ Total Operations & Maintenance 147,244 $ 160,027 $ 212,144 $ 103,940 $ 59,096 $ 163,037 $ 221,921 $ Total Expenditures 247,296 $ 272,422 $ 343,532 $ 166,008 $ 109,627 $ 275,636 $ 337,571 $ Excess Revenues/(Expenditures) 50,003 $ 36,738 $ - $ 143,099 $ (106,827) $ 36,272 $ - $ Net Assessments 291,299 $ Collection Cost (6%) 18,594 $ Gross Assessments 309,893 $ Property Type Platted Units Gross Per Unit Gross Total Single Family 1650 $186.57 $307,841 Recreational 11 $186.57 $2,052 1661 $309,893 1 Poinciana West Community Development District General Fund Budget Revenues: Special Assessments iT nh oer Ddiesrt rtioc tp wayi lflo lre vt hy– e aT oanpxoe nCr-oaaltldien cvgta oelrox rpeemnd aistuseresssm duenritn ogn t haell ftihseca als yseeasrs.a ble property within the District TInhtee rDeisstt rict earns interest income on their operating accounts and other investments. Expenditures: Administrative: SeCT uxhhcpaeeep aertmdvei r$so o4u1r,n98st 00F i,0e sFe pblsoea rrs ieyddea a orSn tp a5at iusdut etpose ,e raavlcilsohow Sruss pafeottrrev neisadocirnh fg oB 1ro 2tah rmed et imemteienm dgbse evdrou ttreoidn r gteo tc hDeeiiv sfetirs ic$ca2tl 0b y0ue sapirne. er sms aenedti nmge, entoint gtso. SRFuIeCppAer erEvsxeipsnoetnrs s cethh eec kEsm. ployer’s share of Social Security and Medicare taxes withheld from Board of Engineering TrpDerhiqsoetuj reDiicscititsts,ti oraeinsc.gssti.', g sp anetrentedegp niaandsre aadentirirco,e enGc tAaeanIdn dC db o ypnr retsehvupeileta Bawrnoa tatosirof,d nIc no ocffn o.S, truwr apmicleltro bvnseipts heoplcrryiso f ivabcinoaddtaiin rotdghn esgm Deaneinseedttrri anibclg tieds Mn, gdarionencvaeuigeemerwrien. ngot fss e, irnavvniocdei csve atsro i aotnhudes Attorney aTDMnhiasdent rraDiegcisteso,rt elr.u .igct.it oa'stn tslee,n gadanald nc ocoetuh anensrde rl pe, srCeelaparrackrh a& tai soAsnil gbfonareu dmg hao,s n LdtLhirPlye, cmwteeidlel tbbinye gt shp,er po Brveoipdaarindrag ot igfo eSnnu aepnreadrlv rilesevogiraeslw as neordf va tighcreees De mtioset rtnihctest Arbitrage TD Thhiseet rDDiciists’ttsrr iAiccrtt b hwiatirslal c gcoeon nRttrerabacactttee dw L wiitahibt hial niAt yMin oTdnEe tCph efeno Srde etrhniiets sc s 2eer0rt1vifi7ice eRd.1 p &u bRl2ic S apceccoiualn Atasnset stsom aennntu Raellfyu ncadlicnugl aBtoen tdhse. w TDhihsesic eDhmi sritnerlaiacttiteo isns troe qaudidrietdio bnya lt hreep Soerctuinrigt yr eaqnudi rEexmcheanntsg efo Cro umnmraitsesdio bno tnod c iosmsupelsy. with Rule 15c2-12(b)(5) 2 Poinciana West Community Development District General Fund Budget os ATennhr neva uDinca ieals .ntA rnuicudtai tils b raesqius.i rTehde b Dy iFsltorricidt ah aSsta ctountetsra tcot aerdr awnigthe fBoerr agne ri,n Tdoeopmenbdse, nEtl aamud, iGt aoifn ietss f&in aFnracinakl rfeocro trhdiss BT Trhounes dDtesi est thFraeicte tsa wrei ldl eppaoys aitnendu wali tthru as tTereu fseteese faotr U thSBe aSnekri. es 2017 R-1 & R-2 Special Assessment Refunding A t Thshesee c sDosilmsletercnitctiot A nhd aomsf icnnooinsnttr-raaadtci tovenad l owreitmh Gasosveesrsnmmeenntt oanl M alal naasgseemsseanbtle S perrvoipceerst-yC Fw, iLthLiCn t toh lee Dvyis atrnidct a. dminister Management Fees rnTMeohapten o Dalrigtmiisentimtrgei,ec dant n thtn,o aAu,s ca rccleo oacnuuotndrrtadiitcin,n tegegt da c an.w ndid tRh et Grcaoonrvdsecirnrnigpm Steieoncntra eolt Maf rbayno Saaegrrdevm imceeense tf toSinre rgtvhsi,e c beDsui-sdCtgereinctt tr.p aTrlhe Fpel oasrreairdtviaio,c nLe,Ls Cainl tlc olf uipndraoen,v cbidiuaetl IRcenlteocfpou. rr dme ssaettonirotasn g vTea eracinhodnu oss lecorogvsyet rosf, iancfcoorumnattiniogn s toefctwhnaorleo, gtya bfolert sth feo rD mistereitcitn sgusc, hA daos bveid, eMoi ccroonsfoefrte Onfcfiincge,, Website Maintenance iRaLdnsLoe sCmpae rcspaecsirsonmoer vnredientadsntne setcs,hw etes ha ewclescosi,uts ewhrt ssi ete Cyabrhs svsaaiiotcpnecetd iesba .ra tf iec1rdke8u ww9p,ais tl,Fhl el ommtcro.ia dGninaiot tvoeSenrtraianntnugmc taeeen,sn d.tu aTmplh dMaeaisntaeents aas,i gnederinmovgciecu tenmhste eS iDnnetrci svlutuircdpiecelsot ’ass–id wtCsee,e nbphtseoriratsfelto i Frcnmrlgoe araaintdnecadde, Telephone Telephone and fax machine. Postage aTnhde oDtihsetrri crte qinuciurerds cchoarrregseps ofonrd emnacieli. ng of agenda packages, overnight deliveries, checks for vendors Printing & Binding sPtraitnitoinnagr ya,n edn vBeilnopdeinsg e tacg. enda packages for board meetings, printing of computerized checks, 3 Poinciana West Community Development District General Fund Budget Insurance The District’s general liability and public officials liability insurance coverage aRgisekn cIniessu. r ance. Public Risk Insurance specializes in providing insurance cove rias gper otov igdoevde brnym Peunbtlaicl Legal Advertising iTnh ae nDeiswtrsipcat pise rr eoqf ugierneedr taol acidrvceurlatitsieo nv.a rious notices for monthly Board meetings, public hearings, etc ORslteihppesrr,e ssCteuonrptr spe naatyn mCyh emanritgssec, ese ltlca.n eous expenses incurred during the fiscal year such as bank fees, deposit Office Supplies The District incurs charges for office supplies that need to be purchased during the fiscal year. sRPereropvprieecrestesy.n Atsp par faeies ecrh arged by Polk County Property Appraiser’s office for assessment administration Dues, Licenses & Subscriptions $T1h7e5 D. i sTthriisc ti sis t hreeq ounilrye de xtpoe pnasye aunn danern uthails f ceaet teog othrye fFolro rtihdea D Disetpraicrtt.m ent of Economic Opportunity for Operations & Maintenance: rmFGceoioeesnvlepdtetro riSannnecdgmrts svt e iofwcno eptristar t holh peMceo Darnntitsyart agroicewctmton sreeusnr,c tphm hS aoeosnrn lviaetino ccredaisslnl csg–a apoCnefed aun nettmirdlai ltalay iklF sael.oc mcrioaduiann, tteLsn,L aaCnt tpceern.o dSv eiBdroveiascr eodsn misniecteleu tdfinieeg lodsn asmnitaden iranegscepemeivceetni oat nnosdf, LTdNaahoynevsd eD smdcisaubtprerieirnc M1tg smatt ithanoeit n Memtnaaaoirnncnscht eh t3 hs1 eso tl.fa TkAhepe br Dial nis1ktsr tm ictato ih nOatsce tncooabnnectrre a 3tch1teastdt aiwnncidtl hun dFoel o mlreasolswa wtinhnga 2 no, fLo nLnoCc e lfe oesrsv t ethrhiysa ns1 eo4rn vdciceae ye.s v efrroym 7 Description Monthly Annual L3Ca%onn dtInisnccgraeepnaecs Mey Baiansteedn aonnc teh e Addition of Two Ponds $4,904 $5$$815,,,857506206 Total $66,118 4 Poinciana West Community Development District General Fund Budget Aquatic lD Rimeisptitrreeicdste thCnoaot,s snt ctrcroeooasnltt t Mmfroaaercin tmnett daeri newnmatinetohcnve aSa nol claient utdod oethf Lfesa ipkteoe n dMdisasp nlooacsgaaetlm eodef nwntui ftiohsrian tn htcheees ve D esigesetrrtvaiictctie.o sSn.e ravnidc easl ginacel utrdeea, tbmute nart.e T nhoet Description Monthly Annual 3CA%oqnu tIanitncicgr eeMnaacsieyn Bteansaendc oen the Addition of Two Ponds $4,9 91 $5$$591,,,578099077 Total $67,194 lAR aqerpuvaricetiisdce eMn.)ti sd gcoe sMtsa fnoarg aeqmueantitc midge control (blind mosquitoes, weekly ATV aerosol & monthly aerial Description Monthly Annual 3CA%oqnu tIanitncicgr eeMnaicsdeyg Be aCsoendt oronl the Addition of Two Ponds $2,145 $2$35$,,477847802 Total $30,000 p RRo&enpMdr es–s. Penlatns te Rsetipmlaacteemd ecnots t for the replacement of aquatic plants and tree replacement around the S Rteoprrme sSetnrutsc teusrteim Raetpeadi rrse pair and maintenance cost to the storm structures maintained by the District. CRoenptriensgeenntcsy a ny additional field expense that may not have been provided for in the budget. C Raeppirteasle Onuttsl aeyst imated cost for any capital related projects. 5 Poinciana West Community Development District FY 2023 Projected Ending Fund Balance Actual Beginning P r LPojeleuscsst::e cpdar sEohjn etdocit nbeadg l FFeauuxnncnceedds b sBB uraaedllavagnenenctceeue $$$$ 66 ( 35536446,,,,367934998002) FY 2024 Estimated Ending Fund Balance PP rr Loojjeeesccstt:ee cdda sEBhen tgdoii nnbnagli Fanungnc Fedu b nBudadl Bagneatlcaence $$$ 66 (153648,,,236747202) FY 2024 Estimated Reserves (Ending Fund Balance) UOnpreersaetrinvegd R Feusenrdv eB (a3la mncoenths) $$$ 56 813438,,,339779037 Projected Fund Balance Analysis 6 Adopted Actuals FBYu2d0g2e3t 5/T3h1r/u23 P4r MoNjeoecnxtttehds P9r/oT3joe0tc/at2le3d AFBdYu2odp0gt2ee4td Revenues ICAnsatsreerrsyes Fsmtoernwtasr -d T Sauxr Cpolullsector $$$ 1 , 0 2 48 25 ,,27 -9470 $$$ 1 , 03 40 22 ,,35 433023 $$$ -- 8 $$$ 1 ,0 3 40 22 ,, 35 43 4021 $$$ 1 , 0 2 46 16 ,,01 -0460 Total Revenues $ 1,328,037 $ 1,344,904 $ 8 $ 1,344,912 $ 1,307,147 Expenditures Administrative Property Appraiser $ 11,200 $ - $ 11,200 $ 11,200 $ 11,200 Series 2017 R-1 IISPnnprttieneecrrcieeiapssl attC l--a -15l l5 /1-/1 /1111/1 $$$$ 114 377 115 ,,,077 -088099 $$$$ 114 377 21150,,,,037008800190 $$$$ ---- $$$$ 114 377 21150,,,,037008800190 $$$$ 114 566 044 ,,,055 -088044 Series 2017 R-2 IISSPnnpprttieeneeccrrciieeiaapssll attCC l--aa -15ll ll5 /1--/115/11/1 $$$$$ 1 0 66 022 ,,,--077022 $$$$$ 1 0 466 0022 5,,,,,001200027000290 $$$$$ ----- $$$$$ 1 0 466 0022 5,,,,,001200027000290 $$$$$ 1 0 55 088 ,,,033 --033044 Total Expenditures $ 1,014,323 $ 1,067,572 $ 11,200 $ 1,078,772 $ 1,007,038 Excess Revenues/(Expenditures) $ 313,715 $ 277,332 $ (11,192) $ 266,140 $ 300,109 Interest - 11/1/24 $157,272 Interest - 11/1/24 $55,647 CoGllreNocestsito AAnss ssCeeossssstmm (6eenn%ttss) $$$ 11 ,, 10 0 64761,,,404504467 Property Type Platted Units Gross Per Unit Gross Total SRinecgrleea Ftiaomnialyl 116102 $$668866..5588 $1$,079,595,9201 1613 $1,107,454 Series 2017 R-2 Poinciana West Community Development District Adopted Budget Debt Service Fund Series 2017 R-1 7 Poinciana West Community Development District Series 2017A-1 Special Assessment Refunding Bonds Amortization Schedule Date Balance Prinicpal Interest Total 11/01/23 8,175,000.00 $ - $ 164,584.38 $ 770,965.63 $ 05/01/24 8,175,000.00 $ 450,000.00 $ 164,584.38 $ 11/01/24 7,725,000.00 $ - $ 157,271.88 $ 771,856.25 $ 05/01/25 7,725,000.00 $ 465,000.00 $ 157,271.88 $ 11/01/25 7,260,000.00 $ - $ 149,134.38 $ 771,406.25 $ 05/01/26 7,260,000.00 $ 480,000.00 $ 149,134.38 $ 11/01/26 6,780,000.00 $ - $ 140,494.38 $ 769,628.75 $ 05/01/27 6,780,000.00 $ 500,000.00 $ 140,494.38 $ 11/01/27 6,280,000.00 $ - $ 131,244.38 $ 771,738.75 $ 05/01/28 6,280,000.00 $ 520,000.00 $ 131,244.38 $ 11/01/28 5,760,000.00 $ - $ 121,494.38 $ 772,738.75 $ 05/01/29 5,760,000.00 $ 540,000.00 $ 121,494.38 $ 11/01/29 5,220,000.00 $ - $ 110,694.38 $ 772,188.75 $ 05/01/30 5,220,000.00 $ 560,000.00 $ 110,694.38 $ 11/01/30 4,660,000.00 $ - $ 99,144.38 $ 769,838.75 $ 05/01/31 4,660,000.00 $ 585,000.00 $ 99,144.38 $ 11/01/31 4,075,000.00 $ - $ 87,078.75 $ 771,223.13 $ 05/01/32 4,075,000.00 $ 610,000.00 $ 87,078.75 $ 11/01/32 3,465,000.00 $ - $ 74,497.50 $ 771,576.25 $ 05/01/33 3,465,000.00 $ 635,000.00 $ 74,497.50 $ 11/01/33 2,830,000.00 $ - $ 60,845.00 $ 770,342.50 $ 05/01/34 2,830,000.00 $ 665,000.00 $ 60,845.00 $ 11/01/34 2,165,000.00 $ - $ 46,547.50 $ 772,392.50 $ 05/01/35 2,165,000.00 $ 690,000.00 $ 46,547.50 $ 11/01/35 1,475,000.00 $ - $ 31,712.50 $ 768,260.00 $ 05/01/36 1,475,000.00 $ 720,000.00 $ 31,712.50 $ 11/01/36 755,000.00 $ - $ 16,232.50 $ 767,945.00 $ 05/01/37 755,000.00 $ 755,000.00 $ 16,232.50 $ 771,232.50 $ 8,175,000.00 $ 2,953,333.75 $ 11,563,333.75 $ 8 Poinciana West Community Development District Series 2017A-2 Special Assessment Refunding Bonds Amortization Schedule Date Balance 00000000000000111111111111111111111111111155555555555555////////////////////////////00000000000000000000000000001111111111111111111111111111////////////////////////////22222222222223333333333333330011223334444555566667778899 $$$$$$$$$$$$$$$$$$$$$$$$$$$$ 111111111111111122 ,,,,,,,,,,,,,,,,,,001122335566778899 224455779900225555778899999911114477990000000000555555550000000055,,,,,,,,,,,,,,,,,,,,,,,,,,,,000000000000000000000000000000000000000000000000000000000000000000000000000000000000............................00000000000000000000000000000000000000000000000000000000 $$$$$$$$$$$$$$$$$$$$$$$$$$$$ Prini 11111111111122cp00111223456778a00000000055555l,,,,,,,,,,,,,,000000000000000000000000000000000000000000 --------------..............0000000000000000000000000000 $$$$$$$$$$$$$$$$$$$$$$$$$$$$ Inter e 11112222333333444444555555 s 1111112233555566666688999955t,,,,,,,,,,,,,,,,,,,,,,,,,,,,003333333366666666667799999900112233444455557788889999880000000044555555555566777755............................00000000000000335555666688000000000000000000003333888800 $$$$$$$$$$$$$$$ Tot a 22222222222222l 11111111111111 5333455567778888,,,,,,,,,,,,,,,012334667999993001334477788993000012223555574...............000000125555663000000000033358 $ 2,095,000.00 $ 990,775.00 $ 3,085,775.00 9