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Reunion East

Community Development District

Adopted Budget

FY 2018

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	Table of Contents	
1-10	General Fund	
11	Replacement  & Maintenance Fund	
12	Debt Service Fund Series 2015A	
13	Amortization Schedule Series 2015A	
14	Debt Service Fund Series 2015-1	
15	Amortization Schedule Series 2015-1	
16	Debt Service Fund Series 2015-2	
17	Amortization Schedule Series 2015-2	
18	Debt Service Fund Series 2015-3	
19	Amortization Schedule Series 2015-3	

Reunion East

Community Development District

Adopted Budget

General Fund

Fiscal Year 2018

	Adopted	Actual	Projected	Total	Adopted		
	Budget	thru	Next 3	thru	Budget		
Description	FY2017	6/30/17	Months	9/30/17	FY2018		
Revenues							
Special Assessments - Tax Collector	$1,092,735	$1,074,422	$37,270	$1,111,691	$1,092,735		
Special Assessments - Direct	$932,027	$922,677	$0	$922,677	$922,677		
Interest	$250	$475	$225	$700	$250		
Miscellaneous Income	$5,964	$4,026	$1,342	$5,368	$5,368		
Rental Income - Base	$47,925	$11,475	$36,450	$47,925	$12,150		
Rental Income - Operating Expenses/CAM	$42,338	$9,267	$33,071	$42,338	$10,585		
							
Total Revenues	$2,121,239	$2,022,341	$108,357	$2,130,698	$2,043,765		
Expenditures							
Administrative							
Supervisor Pay	$12,000	$9,000	$3,000	$12,000	$12,000		
FICA	$918	$689	$230	$918	$918		
Engineering	$6,000	$10,884	$4,116	$15,000	$15,000		
Attorney	$35,000	$27,687	$7,313	$35,000	$35,000		
Trustee Fees	$22,000	$0	$17,500	$17,500	$17,500		
Arbitrage	$3,600	$600	$3,000	$3,600	$3,600		
Collection Agent	$5,000	$5,000	$0	$5,000	$5,000		
Dissemination	$5,000	$3,750	$1,250	$5,000	$5,000		
Property Appraiser Fee	$1,000	$783	$0	$783	$1,000		
Property Taxes	$400	$42	$0	$42	$400		
Annual Audit	$5,400	$5,000	$0	$5,000	$5,100		
District Management Fees	$42,985	$32,239	$10,746	$42,985	$42,985		
Information Technology	$2,200	$1,650	$550	$2,200	$2,200		
Telephone	$300	$156	$94	$250	$300		
Postage	$3,500	$2,421	$579	$3,000	$3,500		
Printing & Binding	$2,500	$741	$509	$1,250	$2,500		
General Liability Insurance	$14,600	$13,453	$0	$13,453	$14,800		
Legal Advertising	$1,500	$917	$583	$1,500	$1,500		
Other Current Charges	$600	$0	$50	$50	$600		
Office Supplies	$500	$189	$61	$250	$500		
Travel Per Diem	$500	$0	$0	$0	$500		
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175		
			.				
Administrative Expenses	$165,678	$115,375	$49,581	$164,956	$170,078		
Maintenance - Shared Expenses							
Field Maintenance	$48,363	$36,272	$12,091	$48,363	$41,454	1	
Management Services Agreement	$0	$0	$0	$0	$0	2	
Facility Lease Agreement	$36,823	$0	$0	$0	$31,562	3	
Telephone	$5,600	$3,919	$1,194	$5,113	$4,800	4	
Electric	$406,000	$297,348	$75,000	$372,348	$348,000	5	
Water & Sewer	$43,400	$37,452	$10,500	$47,952	$45,000	6	
Gas	$63,000	$29,922	$3,600	$33,522	$46,200	7	
Pool & Fountain Maintenance	$122,500	$80,306	$24,000	$104,306	$105,000	8	
Environmental	$7,000	$2,917	$486	$3,403	$6,000	9	
Property Insurance	$30,100	$28,944	$0	$28,944	$26,100	10	
Irrigation Repairs & Maintenance	$8,750	$5,668	$1,890	$7,558	$7,500	11	
Landscape Contract	$543,403	$335,663	$128,819	$464,482	$465,774	12	
Landscape Contingency	$27,178	$7,797	$5,100	$12,897	$23,295	13	
Landscape Consulting	$27,300	$22,126	$6,143	$28,269	$23,400	14	
Gate and Gatehouse Expenses	$22,400	$10,011	$0	$10,011	$19,200	15	
Roadways/Sidewalks/Bridge	$32,480	$18,500	$0	$18,500	$27,840	16	
Lighting	$5,600	$3,293	$840	$4,133	$4,800	17	
Building Repairs & Maintenance	$28,000	$8,720	$0	$8,720	$24,000	18	
Pressure Washing	$28,000	$378	$0	$378	$24,000	19	
Maintenance (Inspections)	$1,225	$806	$464	$1,270	$1,050	20	
Pest Control	$508	$0	$0	$0	$435	21	
Signage	$0	$1,164	$0	$1,164	$2,400	22	
Security	$98,000	$66,150	$22,050	$88,200	$84,000	23	
							
Total Maintenance Shared	$1,585,629	$997,356	$292,176	$1,289,532	$1,361,810		

1

Reunion East

Community Development District

Adopted Budget

General Fund

Fiscal Year 2018

	Adopted	Actual	Projected	Total	Adopted	
	Budget	thru	Next 3	Thru	Budget	
Description	FY2017	6/30/17	Months	9/30/17	FY2018	
Heritage Crossing Community Center						
Landscape Maintenance	$16,000	$8,663	$3,324	$11,987	$16,000	
Telephone	$1,500	$994	$331	$1,325	$1,500	
Electric	$33,000	$14,405	$5,760	$20,165	$33,000	
Water & Sewer	$4,200	$1,771	$675	$2,446	$4,200	
Gas	$500	$186	$75	$261	$500	
Maintenance (Inspections)	$1,250	$1,100	$450	$1,550	$1,250	
Pest Control	$0	$0	$0	$0	$0	
						
Total HC Community Center Shared	$56,450	$27,119	$10,615	$37,735	$56,450	
Maintenance - Direct Expenses						
Irrigation System Operations	$100,000	$0	$0	$0	$100,000	
Reserve for Direct Bills	$0	$0	$0	$0	$0	
Operating Reserves	$100,000	$0	$0	$0	$0	
First Quarter Operating	$0	$0	$0	$0	$0	
Transfer Out - R&M Fund	$113,482	$113,482	$0	$113,482	$355,427	
						
Total Maintenance Expenses	$313,482	$113,482	$0	$113,482	$455,427	
						
Total Expenses	$2,121,239	$1,253,333	$352,372	$1,605,705	$2,043,765	
						
Excess Revenues (Expenditures)	$0	$769,008	($244,014)	$524,994	$0	
			Net Assessments		$2,024,761	
			Add: Discounts & Collections	$129,240	
			Gross Assessments		$2,154,001	

Notes:

(1 thru 23) were adopted in FY17 with 70% of the shared costs with the remaining 30% allocated to Reunion West. Subsequent to budget adoption, Board revised allocation to 60% of the shared costs with the remaining 40% allocated to Reunion West.

				Shared Costs			
		FY 2017	FY 2017	Total Prop	Reunion East	Reunion West	
		Budget	Projections	2018 Budget	60%	40%	
1	Field Maintenance	$69,090	$69,090	$69,090	$41,454	$27,636	
2	Management Services Agreement	$0	$0	$0	$0	$0	
3	Facility Lease Agreement	$52,604	$0	$52,604	$31,562	$21,042	
4	Telephone	$8,000	$7,690	$8,000	$4,800	$3,200	
5	Electric	$580,000	$545,871	$580,000	$348,000	$232,000	
6	Water & Sewer	$62,000	$70,780	$75,000	$45,000	$30,000	
7	Gas	$90,000	$50,068	$77,000	$46,200	$30,800	
8	Pool & Fountain Maintenance	$175,000	$166,099	$175,000	$105,000	$70,000	
9	Environmental	$10,000	$5,401	$10,000	$6,000	$4,000	
10	Property Insurance	$43,000	$41,348	$43,500	$26,100	$17,400	
11	Irrigation Repairs & Maintenance	$12,500	$13,291	$12,500	$7,500	$5,000	
12	Landscape Contract	$776,290	$737,273	$776,290	$465,774	$310,516	
13	Landscape Contingency	$38,825	$19,175	$38,825	$23,295	$15,530	
14	Landscape Consulting	$39,000	$44,871	$39,000	$23,400	$15,600	
15	Gate and Gatehouse Expenses	$32,000	$15,891	$32,000	$19,200	$12,800	
16	Roadways/Sidewalks/Bridge	$46,400	$29,365	$46,400	$27,840	$18,560	
17	Lighting	$8,000	$5,932	$8,000	$4,800	$3,200	
18	Building Repairs & Maintenance	$40,000	$13,821	$40,000	$24,000	$16,000	
19	Pressure Washing	$40,000	$600	$40,000	$24,000	$16,000	
20	Maintenance (Inspections)	$1,750	$2,016	$1,750	$1,050	$700	
21	Pest Control	$725	$0	$725	$435	$290	
22	Signage	$0	$1,848	$4,000	$2,400	$1,600	
23	Security	$140,000	$140,000	$140,000	$84,000	$56,000	
							
		$2,265,184	$1,980,430	$2,269,684	$1,361,810	$907,874	

2

FISCAL YEAR 2018

Reunion East Projected EAU Administrative & Maintenance Calculation

			Total	% of	Total	Per Unit Gross	
Product Type	EAU	Units	EAU	EAU	Assessments	Assessments	
Commercial	1.00	404	404.00	6.15%	$132,364	$327.63	
Hotel/Condo	1.00	404	404.00	6.15%	$132,364	$327.63	
Multi-Family	1.50	2809	4213.50	64.09%	$1,380,488	$491.45	
Single-Family	2.00	775	1550.00	23.58%	$507,834	$655.27	
Golf	1.00	2.90	2.90	0.04%	$950	$327.63	
		4,395	6574.40	100.00%	$2,154,001		
						
		FISCAL YEAR 2017				
Reunion East Projected EAU Administrative & Maintenance Calculation					
							
			Total	% of	Total	Per Unit Gross	
Product Type	EAU	Units	EAU	EAU	Assessments	Assessments	
Commercial	1.00	404	404.00	6.15%	$132,364	$327.63	
Hotel/Condo	1.00	404	404.00	6.15%	$132,364	$327.63	
Multi-Family	1.50	2809	4213.50	64.09%	$1,380,488	$491.45	
Single-Family	2.00	775	1550.00	23.58%	$507,834	$655.27	
Golf	1.00	2.90	2.90	0.04%	$950	$327.63	
		4,395	6574.40	100.00%	$2,154,001		
				
	GROSS PER UNIT ASSESSMENT COMPARISON CHART			
							
	FY2014	FY2015	FY2016	FY2017	FY2018		
	Gross Per Unit	Gross Per Unit	Gross Per Unit	Gross Per Unit	Gross Per Unit	Increase/	
Product Type	Assessments	Assessments	Assessments	Assessments	Assessments	(Decrease)	
Commercial	$438.45	$438.45	$327.63	$327.63	$327.63	$0.00	
Hotel/Condo	$438.45	$438.45	$327.63	$327.63	$327.63	$0.00	
Multi-Family	$657.67	$657.67	$491.45	$491.45	$491.45	$0.00	
Single-Family	$876.90	$876.90	$655.27	$655.27	$655.27	$0.00	
Golf	$438.45	$438.45	$327.63	$327.63	$327.63	$0.00	

3

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2018

REVENUES:

Special Assessments – Tax Collector

The District will levy a non-ad valorem special assessment on all taxable property within the District to fund all general operating and maintenance expenditures for the fiscal year. These assessments are billed on tax bills.

Special Assessments – Direct

The District will levy a non-ad valorem special assessment on all taxable property within the District to fund all general operating and maintenance expenditures for the fiscal year. The District levies these assessments directly to the property owners.

Interest

The District generates funds off of invested funds.

Miscellaneous Income

Any additional funds generated by the District.

Rental Income – Base

Represents base rent received per the Lease Agreement between the District and EHOF Reunion, LLC for Heritage Crossing Community Center.

Rental Income – Operating Expenses/CAM

Represents estimated operating and maintenance costs received per the Lease Agreement between the District and EHOF Reunion, LLC for Heritage Crossing Community Center.

EXPENDITURES:

Administrative:

Supervisor Pay

Chapter 190 of the Florida Statutes allows for a member of the Board of Supervisors to be compensated $200 per meeting, not to exceed $4,800 per year to each Supervisor for the time devoted to District business and meetings. Amount is based on attendance of 5 Supervisors at 12 monthly Board meetings.

FICA Expenses

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

4

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2018

Engineering

The District’s engineer, Boyd Civil Engineering, will be providing general engineering services to the District, e.g., attendance and preparation for monthly board meetings, reviewing invoices, preparation of contract specifications and bid documents, and various projects assigned by the Board of Supervisors and District Manager.

Attorney

The District’s legal counsel, Latham, Shuker, Eden & Beaudine, will be providing general legal services to the District, e.g., attendance and preparation for monthly meetings, reviewing operating and maintenance contracts, etc.

Trustee Fees

The District issued Special Assessment Refunding Bonds, which are held with a Trustee at US Bank. The amount of the trustee fees is based on the agreement between US Bank and the District.

Arbitrage

The District is required to annually have an arbitrage rebate calculation on the District’s
Special  Assessment  Refunding  Bonds.   The  District  has  contracted  with  Grau  &

Associates to calculate the rebate liability and submit a report to the District.

Collection Agent

These are expenses related to administering the Annual Assessments on the tax roll with the Osceola County Tax Collector.

Dissemination

The District is required by the Securities and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues. The District has contracted with Governmental Management Services, LLC, the District’s bond underwriter, to provide this service.

Property Appraiser Fee

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

Property Taxes

Represents estimated fees charged by the Osceola County Tax Collector’s Office for all assessable property within the District.

5

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2018

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District hired McDirmit, Davis & Co. to audit the financials records.

District Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – Central Florida,
LLC. (“Manager”) 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 the District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic date requirements.

Telephone

Telephone and fax machine costs incurred by Manager.

Postage

Mailing of agenda packages, overnight deliveries, correspondence, etc. costs incurred by Manager.

Printing & Binding

Printing and binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

General Liability Insurance

The District’s general liability and public officials’ liability insurance coverage is provided by Florida Insurance Alliance (FIA) who specializes in providing insurance coverage to governmental agencies. FIA specializes in providing insurance coverage to governmental agencies.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Bank charges, County Assessment Fees and any other miscellaneous expenses that are incurred during the year.

6

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2018

Office Supplies

Miscellaneous office supplies.

Travel Per Diem

Costs for Board Members attendance at meetings.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic

Opportunity of $175.  This is the only expense under this category for the District.

Maintenance:

63% of the maintenance costs are allocated to Reunion East and 37% are allocated to Reunion West during Fiscal Year 2017. The District is proposing an allocation of 60% of the maintenance costs to Reunion East and 40% to Reunion West for Fiscal Year 2018. The maintenance costs are considered shared costs between the two districts and are allocated based on the number of platted equivalent assessment units (EAUs) in each district in accordance with the Interlocal Agreement between Reunion East and Reunion West regarding the joint maintenance and reciprocal usage of facilities.

Field Management

The District currently has a contract with Governmental Management Services-CF, LLC to provide field management services.

Management Service Agreement

Management  Service  Agreement  between  the  District  and  The  Reunion  Club  of

Orlando, LLC for management and operations of certain District facilities. Per executed agreement, fees for 2016 calendar year are eliminated.

Facility Lease Agreement

The District has entered into a multi-party agreement, Reunion Landscaping and Maintenance Facility Lease Agreement, with Citicommunities, LLC and Reunion West CDD. The District will be responsible for a percentage of the approximately 28% allocated to Reunion East and Reunion West per the agreement.

Telephone

This is for service for the pool buildings’ and horse stable phone lines.

Electric

The District has electrical accounts with Duke Energy and OUC for the recreation facilities, streetlights and other District areas.

7

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2018

Water & Sewer

The District has accounts with Toho Water Authority for water and wastewater services to the pools, pool buildings, guardhouses, horse stables and other District areas.

Gas

This item represents utility service costs for gas service at the community pools. The District has accounts with TECO and Infinite Energy for this service.

Pool & Fountain Maintenance

Scheduled maintenance consists of regular cleaning and treatments of pools and fountains, cleaning of pool buildings and emergency phones. Pools are maintained in accordance to Osceola County Health Department codes.

Environmental

The District currently has a contract with Applied Aquatic Management Inc., which provides lake maintenance to all the lakes inside the Reunion East and West CDDs. These services include monthly inspections and treatment of aquatic weeds and algae, herbicide spraying, and algae control and removal. The amount also includes unscheduled maintenance. In addition, there are budgeted cost for the future treatment and maintenance of Conservation Areas Easements including Wetland Preservation, Upland Preservation, and Upland Buffers of approximately 294 acres.

Property Insurance

Represents the District’s share of the annual coverage of property insurance. Coverage is provided by Florida Insurance Alliance.

Irrigation Repairs & Maintenance

Represents the District expense for maintenance of the irrigation system.

Landscape Contract

The District currently has a contract with Yellowstone Landscape for scheduled maintenance consisting of mowing, edging, blowing, applying pest and disease control chemicals to sod, mulching once per year, applying fertilizer and pest and disease control and chemicals.

Landscape Contingency

Represents estimated costs for any additional landscape maintenance not covered/outlined in the contract with Yellowstone Landscape.

8

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2018

Landscape Consulting

Represents costs to provide consulting services that would include managing all aspects of the landscape program. Amount based on proposal by SunScape Consulting, Inc.

Gate & Gatehouse Expenses

Amounts based upon estimated expenditures for any repairs and maintenance to entry gates and gatehouse.

Roadways/Sidewalks/Bridge

Represents estimated expenditures for any maintenance of roadways, sidewalks and bridge. A portion of amount is based on proposal from Don Bo, Inc. for sidewalk grinding and replacement.

Lighting

Represents costs for lighting repair scheduled during the fiscal year.

Building Repairs & Maintenance

Repairs for properties covered under the Management Services Agreement.

Pressure Washing

Estimated cost to pressure wash certain buildings and guardhouses owned by the
District. Amount is based on a proposal by AB Pressure Washing.

Maintenance (Inspections)

Represents quarterly sprinkler inspections, annual fire backflow and domestic backflow inspections and any unforeseen repairs at the Horse Stables.

Pest Control

Represents monthly and quarterly pest services as well as quarterly termite services for the Horse Stables.

Security

Security services throughout the District facilities. Costs are based upon the actual security agreements with the District.

9

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2018

Heritage Crossing Community Center

Landscape Maintenance

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 and chemicals.

Telephone

This item represents utility service for the Community Center’s fire alarm phone lines and the emergency phone lines. Centurylink provides this service.

Electric

This item represents utility service for electric service to the Community Center. The District has an electrical account with Duke Energy for this service.

Water & Sewer

This item represents utility service for water and waste water provided by Toho Water
Authority.

Gas

This item represents utility service costs for gas service for the Community Center by TECO.

Maintenance (Inspections)

Represents quarterly sprinkler inspections and annual fire backflow and domestic backflow inspections at the Community Center.

Pest Control

Represents monthly and quarterly pest services as well as quarterly termite services for the Community Center.

Maintenance – Direct Expenses

Irrigation System Operations

Represents estimated net operating expenses for irrigation system serving CDD and
POA common areas and Golf Course.

Transfer Out – R&M Fund

Represents proposed amount to transfer to Replacement & Maintenance Fund.

10

Reunion East

Community Development District

Adopted Budget

Replacement & Maintenance Fund

Fiscal Year 2018

	I		Proposed	Actual	Projected	Total	Adopted			
			Budget	thru	Next 3	thru	Budget			
		Description	FY2017	6/30/17	Months	9/30/17	FY2018			
		Revenues									
		Transfer In		$113,482	$113,482	$0	$113,482	$355,427			
		Interest		$5,000	$18,923	$6,077	$25,000	$10,000			
										
		Total Revenues	$118,482	$132,405	$6,077	$138,482	$365,427			
		Expenditures								
		Building Improvements	$84,700	$3,182	$0	$3,182	$60,000 1		
		Fountain Improvements	$0	$0	$0	$0	$0 2		
		Pool Furniture	$7,700	$6,961	$0	$6,961	$7,200 3		
		Pool Repair & Replacements	$24,500	$8,039	$0	$8,039	$31,800 4		
		Lighting Improvements	$0	$0	$0	$0	$0 5		
		Landscape Improvements	$49,000	$82,611	$0	$82,611	$75,000 6		
		Signage		$0	$14,175	$0	$14,175	$6,000 7		
		Signalization	$0	$0	$0	$0	$90,000 8		
										
		Total Expenditures	$165,900	$114,967	$0	$114,967	$270,000			
										
		Excess Revenues/(Expenditures)	($47,418)	$17,437	$6,077	$23,515	$95,427			
										
		Fund Balance - Beginning	$3,309,032	$2,818,938	$0	$2,818,938	$2,842,453			
										
		Fund Balance - Ending	$3,261,614	$2,836,375	$6,077	$2,842,453	$2,937,880			

Notes:

(1 thru 8) were adopted in FY17 with 70% of the shared costs with the remaining 30% allocated to Reunion West. Subsequent to budget adoption, Board revised allocation to 60% of the shared costs with the remaining 40% allocated to Reunion West.

				Shared Costs				
		FY 2017	FY 2017	Total Prop	Reunion East	Reunion West		
1	Building Improvements	Budget	Projections	2018 Budget	60%	40%		
		$121,000	$5,050	$100,000	$60,000	$40,000		
2	Fountain Improvements	$0	$0	$0	$0	$0		
3	Pool Furniture	$11,000	$11,049	$12,000	$7,200	$4,800		
4	Pool Repair & Replacements	$35,000	$12,760	$53,000	$31,800	$21,200		
5	Lighting Improvements	$0	$0	$0	$0	$0		
6	Landscape Improvements	$70,000	$131,129	$125,000	$75,000	$50,000		
7	Signage	$0	$22,500	$10,000	$6,000	$4,000		
8	Signalization	$0	$0	$150,000	$90,000	$60,000		
								
		$237,000	$182,488	$450,000	$270,000	$180,000		

11

Reunion East

Community Development District

Adopted Budget

Series 2015A Debt Service

Fiscal Year 2018

		Adopted	Actual	Projected	Total	Adopted	
		Budget	thru	Next 3	thru	Budget	
	Description	FY2017	6/30/17	Months	9/30/17	FY2018	
	Revenues						
	Special Assessments	$2,568,595	$2,523,388	$87,531	$2,610,920	$2,568,595	
	Interest Income	$100	$2,054	$446	$2,500	$100	
	Carry Forward Surplus	$776,940	$797,516	$0	$797,516	$807,010	
							
	Total Revenue	$3,345,635	$3,322,958	$87,977	$3,410,935	$3,375,705	
	Expenditures						
	Special Call 11/01	$0	$5,000	$0	$5,000	$0	
	Interest Expense 11/01	$714,525	$714,525	$0	$714,525	$691,000	
	Principal Expense 05/01	$1,170,000	$1,170,000	$0	$1,170,000	$1,215,000	
	Interest Expense 05/01	$714,525	$714,400	$0	$714,400	$691,000	
							
	Total Expenses	2,599,050	2,603,925	0	2,603,925	2,597,000	
							
	EXCESS REVENUES	746,585	719,033	87,977	807,010	778,705	
					11/1/18	$666,700	
					Net Assessments	$2,568,595	
				Add: Discounts & Collections	$163,953	
					Gross Assessments	$2,732,548	

12

Reunion East

Community Development District

Series 2015A Special Assessment Refunding Bonds

Debt Service Schedule (Term Bonds Due Combined)

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL		INTEREST		TOTAL	
05/01/17	$29,570,000.00	$1,170,000	$	714,400.00			
11/01/17	$28,400,000.00	$0	$	691,000.00	$	2,575,400.00	
05/01/18	$28,400,000.00	$1,215,000	$	691,000.00			
11/01/18	$27,185,000.00	$0	$	666,700.00	$	2,572,700.00	
05/01/19	$27,185,000.00	$1,265,000	$	666,700.00			
11/01/19	$25,920,000.00	$0	$	641,400.00	$	2,573,100.00	
05/01/20	$25,920,000.00	$1,320,000	$	641,400.00			
11/01/20	$24,600,000.00	$0	$	615,000.00	$	2,576,400.00	
05/01/21	$24,600,000.00	$1,375,000	$	615,000.00			
11/01/21	$23,225,000.00	$0	$	580,625.00	$	2,570,625.00	
05/01/22	$23,225,000.00	$1,450,000	$	580,625.00			
11/01/22	$21,775,000.00	$0	$	544,375.00	$	2,575,000.00	
05/01/23	$21,775,000.00	$1,525,000	$	544,375.00			
11/01/23	$20,250,000.00	$0	$	506,250.00	$	2,575,625.00	
05/01/24	$20,250,000.00	$1,600,000	$	506,250.00			
11/01/24	$18,650,000.00	$0	$	466,250.00	$	2,572,500.00	
05/01/25	$18,650,000.00	$1,685,000	$	466,250.00			
11/01/25	$16,965,000.00	$0	$	424,125.00	$	2,575,375.00	
05/01/26	$16,965,000.00	$1,770,000	$	424,125.00			
11/01/26	$15,195,000.00	$0	$	379,875.00	$	2,574,000.00	
05/01/27	$15,195,000.00	$1,860,000	$	379,875.00			
11/01/27	$13,335,000.00	$0	$	333,375.00	$	2,573,250.00	
05/01/28	$13,335,000.00	$1,955,000	$	333,375.00			
11/01/28	$11,380,000.00	$0	$	284,500.00	$	2,572,875.00	
05/01/29	$11,380,000.00	$2,055,000	$	284,500.00			
11/01/29	$9,325,000.00	$0	$	233,125.00	$	2,572,625.00	
05/01/30	$9,325,000.00	$2,160,000	$	233,125.00			
11/01/30	$7,165,000.00	$0	$	179,125.00	$	2,572,250.00	
05/01/31	$7,165,000.00	$2,270,000	$	179,125.00			
11/01/31	$4,895,000.00	$0	$	122,375.00	$	2,571,500.00	
05/01/32	$4,895,000.00	$2,385,000	$	122,375.00			
11/01/32	$2,510,000.00	$0	$	62,750.00	$	2,570,125.00	
05/01/33	$2,510,000.00	$2,510,000	$	62,750.00	$	2,572,750.00	
							
		$29,570,000	$	14,176,100.00	$	43,746,100.00	

13

Reunion East

Community Development District

Adopted Budget

Series 2015-1 Debt Service

Fiscal Year 2018

		Adopted	Actual	Projected	Total	Adopted	
		Budget	thru	Next 3	thru	Budget	
	Description	FY2017	6/30/17	Months	9/30/17	FY2018	
	Revenues						
	Special Assessments	$690,550	$682,374	$904	$683,278	$679,165	
	Interest	$0	$794	$7	$801	$0	
	Carry Forward Surplus	$294,746	$291,510	$0	$291,510	$283,704	
							
	Total Revenue	$985,296	$974,678	$911	$975,589	$962,869	
	Expenditures						
	Special Call 11/01	$0	$5,000	$0	$5,000	$0	
	Interest Expense 11/01	$228,525	$228,525	$0	$228,525	$220,770	
	Principal Expense 05/01	$230,000	$230,000	$0	$230,000	$245,000	
	Interest Expense 05/01	$228,525	$228,360	$0	$228,360	$220,770	
							
	Total Expenses	$687,050	$691,885	$0	$691,885	$686,540	
							
	Excess Revenues (Expenditures)	$298,246	$282,793	$911	$283,704	$276,329	
					11/1/18	$212,685	

14

Reunion East

Community Development District

Series 2015-1 Special Assessment Refunding Bonds

Debt Service Schedule

AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
05/01/17	$6,920,000.00	6.600%	$230,000.00	$228,360.00		
11/01/17	$6,690,000.00	6.600%	$0.00	$220,770.00	$679,130.00	
05/01/18	$6,690,000.00	6.600%	$245,000.00	$220,770.00		
11/01/18	$6,445,000.00	6.600%	$0.00	$212,685.00	$678,455.00	
05/01/19	$6,445,000.00	6.600%	$260,000.00	$212,685.00		
11/01/19	$6,185,000.00	6.600%	$0.00	$204,105.00	$676,790.00	
05/01/20	$6,185,000.00	6.600%	$280,000.00	$204,105.00		
11/01/20	$5,905,000.00	6.600%	$0.00	$194,865.00	$678,970.00	
05/01/21	$5,905,000.00	6.600%	$295,000.00	$194,865.00		
11/01/21	$5,610,000.00	6.600%	$0.00	$185,130.00	$674,995.00	
05/01/22	$5,610,000.00	6.600%	$315,000.00	$185,130.00		
11/01/22	$5,295,000.00	6.600%	$0.00	$174,735.00	$674,865.00	
05/01/23	$5,295,000.00	6.600%	$340,000.00	$174,735.00		
11/01/23	$4,955,000.00	6.600%	$0.00	$163,515.00	$678,250.00	
05/01/24	$4,955,000.00	6.600%	$360,000.00	$163,515.00		
11/01/24	$4,595,000.00	6.600%	$0.00	$151,635.00	$675,150.00	
05/01/25	$4,595,000.00	6.600%	$385,000.00	$151,635.00		
11/01/25	$4,210,000.00	6.600%	$0.00	$138,930.00	$675,565.00	
05/01/26	$4,210,000.00	6.600%	$415,000.00	$138,930.00		
11/01/26	$3,795,000.00	6.600%	$0.00	$125,235.00	$679,165.00	
05/01/27	$3,795,000.00	6.600%	$440,000.00	$125,235.00		
11/01/27	$3,355,000.00	6.600%	$0.00	$110,715.00	$675,950.00	
05/01/28	$3,355,000.00	6.600%	$470,000.00	$110,715.00		
11/01/28	$2,885,000.00	6.600%	$0.00	$95,205.00	$675,920.00	
05/01/29	$2,885,000.00	6.600%	$505,000.00	$95,205.00		
11/01/29	$2,380,000.00	6.600%	$0.00	$78,540.00	$678,745.00	
05/01/30	$2,380,000.00	6.600%	$535,000.00	$78,540.00		
11/01/30	$1,845,000.00	6.600%	$0.00	$60,885.00	$674,425.00	
05/01/31	$1,845,000.00	6.600%	$575,000.00	$60,885.00		
11/01/31	$1,270,000.00	6.600%	$0.00	$41,910.00	$677,795.00	
05/01/32	$1,270,000.00	6.600%	$615,000.00	$41,910.00		
11/01/32	$655,000.00	6.600%	$0.00	$21,615.00	$678,525.00	
05/01/33	$655,000.00	6.600%	$655,000.00	$21,615.00	$676,615.00	
						
			$6,920,000.00	$4,589,310.00	$11,509,310.00	

15

Reunion East

Community Development District

Adopted Budget

Series 2015-2 Debt Service

Fiscal Year 2018

		Adopted	Actual	Projected	Total	Adopted	
		Budget	thru	Next 3	thru	Budget	
	Description	FY2017	6/30/17	Months	9/30/17	FY2018	
	Revenues						
	Special Assessments	$748,025	$739,884	$0	$739,884	$745,860	
	Interest	$0	$784	$216	$1,000	$100	
	Carry Forward Surplus	$276,696	$275,807	$0	$275,807	$266,862	
							
	Total Revenue	$1,024,721	$1,016,476	$216	$1,016,692	$1,012,822	
	Expenditures						
	Interest Expense 11/01	$272,415	$272,415	$0	$272,415	$265,650	
	Principal Expense 05/01	$205,000	$205,000	$0	$205,000	$220,000	
	Interest Expense 05/01	$272,415	$272,415	$0	$272,415	$265,650	
							
	Total Expenses	$749,830	$749,830	$0	$749,830	$751,300	
							
	Excess Revenues (Expenditures)	$274,891	$266,646	$216	$266,862	$261,522	
					11/1/18	$258,390	

16

Reunion East

Community Development District

Series 2015-2 Special Assessment Refunding Bonds

Debt Service Schedule

AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
05/01/17	$8,255,000.00	6.600%	$205,000.00	$272,415.00		
11/01/17	$8,050,000.00	6.600%	$0.00	$265,650.00	$743,065.00	
05/01/18	$8,050,000.00	6.600%	$220,000.00	$265,650.00		
11/01/18	$7,830,000.00	6.600%	$0.00	$258,390.00	$744,040.00	
05/01/19	$7,830,000.00	6.600%	$235,000.00	$258,390.00		
11/01/19	$7,595,000.00	6.600%	$0.00	$250,635.00	$744,025.00	
05/01/20	$7,595,000.00	6.600%	$250,000.00	$250,635.00		
11/01/20	$7,345,000.00	6.600%	$0.00	$242,385.00	$743,020.00	
05/01/21	$7,345,000.00	6.600%	$270,000.00	$242,385.00		
11/01/21	$7,075,000.00	6.600%	$0.00	$233,475.00	$745,860.00	
05/01/22	$7,075,000.00	6.600%	$285,000.00	$233,475.00		
11/01/22	$6,790,000.00	6.600%	$0.00	$224,070.00	$742,545.00	
05/01/23	$6,790,000.00	6.600%	$305,000.00	$224,070.00		
11/01/23	$6,485,000.00	6.600%	$0.00	$214,005.00	$743,075.00	
05/01/24	$6,485,000.00	6.600%	$325,000.00	$214,005.00		
11/01/24	$6,160,000.00	6.600%	$0.00	$203,280.00	$742,285.00	
05/01/25	$6,160,000.00	6.600%	$350,000.00	$203,280.00		
11/01/25	$5,810,000.00	6.600%	$0.00	$191,730.00	$745,010.00	
05/01/26	$5,810,000.00	6.600%	$370,000.00	$191,730.00		
11/01/26	$5,440,000.00	6.600%	$0.00	$179,520.00	$741,250.00	
05/01/27	$5,440,000.00	6.600%	$395,000.00	$179,520.00		
11/01/27	$5,045,000.00	6.600%	$0.00	$166,485.00	$741,005.00	
05/01/28	$5,045,000.00	6.600%	$425,000.00	$166,485.00		
11/01/28	$4,620,000.00	6.600%	$0.00	$152,460.00	$743,945.00	
05/01/29	$4,620,000.00	6.600%	$455,000.00	$152,460.00		
11/01/29	$4,165,000.00	6.600%	$0.00	$137,445.00	$744,905.00	
05/01/30	$4,165,000.00	6.600%	$485,000.00	$137,445.00		
11/01/30	$3,680,000.00	6.600%	$0.00	$121,440.00	$743,885.00	
05/01/31	$3,680,000.00	6.600%	$515,000.00	$121,440.00		
11/01/31	$3,165,000.00	6.600%	$0.00	$104,445.00	$740,885.00	
05/01/32	$3,165,000.00	6.600%	$550,000.00	$104,445.00		
11/01/32	$2,615,000.00	6.600%	$0.00	$86,295.00	$740,740.00	
05/01/33	$2,615,000.00	6.600%	$590,000.00	$86,295.00		
11/01/33	$2,025,000.00	6.600%	$0.00	$66,825.00	$743,120.00	
05/01/34	$2,025,000.00	6.600%	$630,000.00	$66,825.00		
11/01/34	$1,395,000.00	6.600%	$0.00	$46,035.00	$742,860.00	
05/01/35	$1,395,000.00	6.600%	$675,000.00	$46,035.00		
11/01/35	$720,000.00	6.600%	$0.00	$23,760.00	$744,795.00	
05/01/36	$720,000.00	6.600%	$720,000.00	$23,760.00	$743,760.00	
						
			$8,255,000.00	$6,609,075.00	$14,864,075.00	

17

Reunion East

Community Development District

Adopted Budget

Series 2015-3 Debt Service

Fiscal Year 2018

		Adopted	Actual	Projected	Total	Adopted	
		Budget	thru	Next 3	thru	Budget	
	Description	FY2017	6/30/17	Months	9/30/17	FY2018	
	Revenues						
	Special Assessments	$336,265	$332,606	$0	$332,606	$336,265	
	Interest	$0	$146	$54	$200	$0	
	Carry Forward Surplus	$115,275	$115,668	$0	$115,668	$108,414	
							
	Total Revenue	$451,540	$448,420	$54	$448,474	$444,679	
	Expenditures						
	Interest Expense 11/01	$112,530	$112,530	$0	$112,530	$108,735	
	Principal Expense 05/01	$115,000	$115,000	$0	$115,000	$120,000	
	Interest Expense 05/01	$112,530	$112,530	$0	$112,530	$108,735	
							
	Total Expenses	$340,060	$340,060	$0	$340,060	$337,470	
							
	Excess Revenues (Expenditures)	$111,480	$108,360	$54	$108,414	$107,209	
					11/1/18	$104,775	

18

Reunion East

Community Development District

Series 2015-3 Special Assessment Refunding Bonds

Debt Service Schedule

AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
05/01/17	$3,410,000.00	6.600%	$115,000.00	$112,530.00		
11/01/17	$3,295,000.00	6.600%	$0.00	$108,735.00	$336,265.00	
05/01/18	$3,295,000.00	6.600%	$120,000.00	$108,735.00		
11/01/18	$3,175,000.00	6.600%	$0.00	$104,775.00	$333,510.00	
05/01/19	$3,175,000.00	6.600%	$130,000.00	$104,775.00		
11/01/19	$3,045,000.00	6.600%	$0.00	$100,485.00	$335,260.00	
05/01/20	$3,045,000.00	6.600%	$135,000.00	$100,485.00		
11/01/20	$2,910,000.00	6.600%	$0.00	$96,030.00	$331,515.00	
05/01/21	$2,910,000.00	6.600%	$145,000.00	$96,030.00		
11/01/21	$2,765,000.00	6.600%	$0.00	$91,245.00	$332,275.00	
05/01/22	$2,765,000.00	6.600%	$155,000.00	$91,245.00		
11/01/22	$2,610,000.00	6.600%	$0.00	$86,130.00	$332,375.00	
05/01/23	$2,610,000.00	6.600%	$165,000.00	$86,130.00		
11/01/23	$2,445,000.00	6.600%	$0.00	$80,685.00	$331,815.00	
05/01/24	$2,445,000.00	6.600%	$180,000.00	$80,685.00		
11/01/24	$2,265,000.00	6.600%	$0.00	$74,745.00	$335,430.00	
05/01/25	$2,265,000.00	6.600%	$190,000.00	$74,745.00		
11/01/25	$2,075,000.00	6.600%	$0.00	$68,475.00	$333,220.00	
05/01/26	$2,075,000.00	6.600%	$205,000.00	$68,475.00		
11/01/26	$1,870,000.00	6.600%	$0.00	$61,710.00	$335,185.00	
05/01/27	$1,870,000.00	6.600%	$215,000.00	$61,710.00		
11/01/27	$1,655,000.00	6.600%	$0.00	$54,615.00	$331,325.00	
05/01/28	$1,655,000.00	6.600%	$230,000.00	$54,615.00		
11/01/28	$1,425,000.00	6.600%	$0.00	$47,025.00	$331,640.00	
05/01/29	$1,425,000.00	6.600%	$250,000.00	$47,025.00		
11/01/29	$1,175,000.00	6.600%	$0.00	$38,775.00	$335,800.00	
05/01/30	$1,175,000.00	6.600%	$265,000.00	$38,775.00		
11/01/30	$910,000.00	6.600%	$0.00	$30,030.00	$333,805.00	
05/01/31	$910,000.00	6.600%	$285,000.00	$30,030.00		
11/01/31	$625,000.00	6.600%	$0.00	$20,625.00	$335,655.00	
05/01/32	$625,000.00	6.600%	$300,000.00	$20,625.00		
11/01/32	$325,000.00	6.600%	$0.00	$10,725.00	$331,350.00	
05/01/33	$325,000.00	6.600%	$325,000.00	$10,725.00	$335,725.00	
						
			$3,410,000.00	$2,262,150.00	$5,672,150.00	

19