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Reunion East

Community Development District

Adopted Budget

FY 2017

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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 2017

	Adopted	Actual	Projected	Total	Adopted		
	Budget	thru	Next 3	thru	Budget		
Description	FY2016	6/30/16	Months	9/30/16	FY2017		
Revenues							
Special Assessments - Tax Collector	$1,092,735	$1,072,426	$37,273	$1,109,699	$1,092,735		
Special Assessments - Direct	$932,027	$932,617	$0	$932,617	$932,027		
Settlement Agreement	$0	$87,738	$0	$87,738	$0		
Interest	$100	$662	$138	$800	$250		
Miscellaneous Income	$5,964	$4,970	$1,491	$6,461	$5,964		
Rental Income - Base	$42,525	$33,750	$11,475	$45,225	$47,925		
Rental Income - Operating Expenses/CAM	$36,135	$28,532	$9,267	$37,799	$42,338		
Carry Forward Surplus (1)	$0	$1,147,348	$0	$1,147,348	$0		
Total Revenues	$2,109,486	$3,308,042	$59,644	$3,367,686	$2,121,239		
Expenditures							
Administrative							
Supervisor Pay	$12,000	$8,800	$3,000	$11,800	$12,000		
FICA	$918	$673	$230	$903	$918		
Engineering	$6,000	$3,786	$1,151	$4,937	$6,000		
Attorney	$20,000	$25,374	$9,626	$35,000	$35,000		
Trustee Fees	$22,000	$0	$22,000	$22,000	$22,000		
Arbitrage	$3,900	$1,800	$2,400	$4,200	$3,600		
Collection Agent	$5,000	$5,000	$0	$5,000	$5,000		
Dissemination	$5,000	$4,450	$1,250	$5,700	$5,000		
Property Appraiser Fee	$1,200	$815	$0	$815	$1,000		
Property Taxes	$0	$356	$0	$356	$400		
Annual Audit	$5,400	$4,900	$0	$4,900	$5,400		
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	$115	$85	$200	$300		
Postage	$3,000	$2,174	$826	$3,000	$3,500		
Printing & Binding	$2,500	$1,353	$647	$2,000	$2,500		
General Liability Insurance	$14,600	$13,190	$0	$13,190	$14,600		
Legal Advertising	$1,500	$942	$558	$1,500	$1,500		
Other Current Charges	$1,000	$3	$7	$10	$600		
Office Supplies	$500	$211	$89	$300	$500		
Travel Per Diem	$500	$0	$0	$0	$500		
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175		
			.				
Administrative Expenses	$150,678	$108,006	$53,165	$161,170	$165,678		
Maintenance - Shared Expenses							
Field Maintenance	$48,363	$36,272	$12,091	$48,363	$48,363	1	
Management Services Agreement	$5,250	$5,250	$0	$5,250	$0	2	
Facility Lease Agreement	$0	$0	$0	$0	$36,823	3	
Telephone	$5,600	$3,799	$1,260	$5,059	$5,600	4	
Electric	$406,000	$283,533	$96,000	$379,533	$406,000	5	
Water & Sewer	$43,400	$31,605	$9,900	$41,505	$43,400	6	
Gas	$63,000	$31,334	$12,321	$43,655	$63,000	7	
Pool & Fountain Maintenance	$122,500	$82,601	$24,399	$107,000	$122,500	8	
Environmental	$7,000	$4,057	$1,364	$5,421	$7,000	9	
Property Insurance	$32,025	$28,028	$0	$28,028	$30,100	10	
Irrigation Repairs & Maintenance	$7,000	$6,332	$1,500	$7,832	$8,750	11	
Landscape Contract	$536,550	$386,838	$129,792	$516,630	$543,403	12	
Landscape Contingency	$0	$18,254	$3,000	$21,254	$27,178	13	
Landscape Consulting	$0	$2,275	$6,825	$9,100	$27,300	14	
Gate and Gatehouse Expenses	$22,400	$8,576	$8,560	$17,136	$22,400	15	
Roadways/Sidewalks/Bridge	$32,480	$4,779	$10,703	$15,482	$32,480	16	
Lighting	$5,600	$5,138	$480	$5,618	$5,600	17	
Building Repairs & Maintenance	$28,000	$6,956	$6,075	$13,031	$28,000	18	
Pressure Washing	$3,500	$4,358	$0	$4,358	$28,000	19	
Maintenance (Inspections)	$700	$764	$256	$1,020	$1,225	20	
Pest Control	$508	$0	$0	$0	$508	21	
Security	$98,000	$73,500	$24,500	$98,000	$98,000	22	
Total Maintenance Shared	$1,467,876	$1,024,246	$349,025	$1,373,272	$1,585,629		

1

Reunion East

Community Development District

Adopted Budget

General Fund

Fiscal Year 2017

	Adopted	Actual	Projected	Total	Adopted	
	Budget	thru	Next 3	Thru	Budget	
Description	FY2016	6/30/16	Months	9/30/16	FY2017	
Heritage Crossing Community Center						
Landscape Maintenance	$12,300	$12,333	$3,075	$15,408	$16,000	
Telephone	$1,500	$944	$312	$1,256	$1,500	
Electric	$30,000	$19,703	$8,550	$28,253	$33,000	
Water & Sewer	$2,000	$2,224	$1,125	$3,349	$4,200	
Gas	$1,000	$149	$75	$224	$500	
Maintenance (Inspections)	$880	$1,015	$155	$1,170	$1,250	
Pest Control	$500	$0	$0	$0	$0	

Total HC Community Center Shared	$48,180	$36,368	$13,292	$49,660	$56,450	
Maintenance - Direct Expenses						
Irrigation System Operations	$100,000	$0	$50,000	$50,000	$100,000	
Reserve for Direct Bills	$0	$0	$0	$0	$0	
Operating Reserves	$100,000	$0	$0	$0	$100,000	
First Quarter Operating	$0	$0	$0	$0	$0	
Transfer Out - R&M Fund	$242,752	$242,752	$1,490,832	$1,733,584	$113,482	

	Total Maintenance Expenses	$442,752	$242,752	$1,540,832	$1,783,584	$313,482	
	Total Expenses	$2,109,486	$1,411,372	$1,956,314	$3,367,686	$2,121,239	
	Excess Revenues (Expenditures)	$0	$1,896,670	($1,896,670)	$0	$0	
				Net Assessments		$2,024,761	
				Add: Discounts & Collections	$129,240	
				Gross Assessments		$2,154,001	
	(1) Represents Carry Forward Surplus less 1st Quarter Operating.		Beginning Fund Balance		$1,624,297	
				Less: 1st Quarter Operating	($476,949)	
				Carry Forward Surplus		$1,147,348	
	Notes:						
	(1 thru 22) is 70% of the shared costs with the remaining 30% allocated to Reunion West				
				Shared Costs			
		FY 2016	FY 2016	Total Prop	Reunion East	Reunion West	
		Budget	Projections	2017 Budget	70%	30%	
1	Field Maintenance	$69,090	$69,090	$69,090	$48,363	$20,727	
2	Management Services Agreement	$7,500	$7,500	$0	$0	$0	
3	Facility Lease Agreement	$0	$0	$52,604	$36,823	$15,781	
4	Telephone	$8,000	$7,227	$8,000	$5,600	$2,400	
5	Electric	$580,000	$543,329	$580,000	$406,000	$174,000	
6	Water & Sewer	$62,000	$60,087	$62,000	$43,400	$18,600	
7	Gas	$90,000	$62,461	$90,000	$63,000	$27,000	
8	Pool & Fountain Maintenance	$175,000	$152,759	$175,000	$122,500	$52,500	
9	Environmental	$10,000	$7,744	$10,000	$7,000	$3,000	
10	Property Insurance	$45,750	$40,648	$43,000	$30,100	$12,900	
11	Irrigation Repairs & Maintenance	$10,000	$11,189	$12,500	$8,750	$3,750	
12	Landscape Contract	$766,500	$739,322	$776,290	$543,403	$232,887	
13	Landscape Contingency	$0	$30,362	$38,825	$27,178	$11,648	
14	Landscape Consulting	$0	$13,000	$39,000	$27,300	$11,700	
15	Gate and Gatehouse Expenses	$32,000	$24,480	$32,000	$22,400	$9,600	
16	Roadways/Sidewalks/Bridge	$46,400	$22,117	$46,400	$32,480	$13,920	
17	Lighting	$8,000	$8,025	$8,000	$5,600	$2,400	
18	Building Repairs & Maintenance	$40,000	$18,794	$40,000	$28,000	$12,000	
19	Pressure Washing	$5,000	$6,225	$40,000	$28,000	$12,000	
20	Maintenance (Inspections)	$1,000	$1,380	$1,750	$1,225	$525	
21	Pest Control	$725	$0	$725	$508	$218	
22	Security	$140,000	$140,000	$140,000	$98,000	$42,000	
		$2,096,965	$1,965,738	$2,265,184	$1,585,629	$679,555	

2

		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		
		FISCAL YEAR 2016				
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

	FY2013	FY2014	FY2015	
	Gross Per Unit	Gross Per Unit	Gross Per Unit	
Product Type	Assessments	Assessments	Assessments	
Commercial	$257.56	$438.45	$438.45	
Hotel/Condo	$257.56	$438.45	$438.45	
Multi-Family	$386.34	$657.67	$657.67	
Single-Family	$515.12	$876.90	$876.90	
Golf	$257.56	$438.45	$438.45	

FY2016	FY2017		
Gross Per Unit	Gross Per Unit	Increase/	
Assessments	Assessments	(Decrease)	
$327.63	$327.63	$0.00	
$327.63	$327.63	$0.00	
$491.45	$491.45	$0.00	
$655.27	$655.27	$0.00	
$327.63	$327.63	$0.00	

3

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2017

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 2017

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 2017

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 2017

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:

70% of the maintenance costs are allocated to Reunion East and 30% are allocated to

Reunion West. 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 2017

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 2017

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.

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.

9

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2017

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.

Operating Reserve

Reserves for unanticipated items.

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 2017

		Proposed	Actual	Projected	Total	Adopted	
		Budget	thru	Next 3	thru	Budget	
	Description	FY2016	6/30/16	Months	9/30/16	FY2017	
	Revenues						
	Transfer In	$242,752	$242,752	$1,490,832	$1,733,584	$113,482	
	Interest	$2,000	$5,490	$2,490	$7,980	$5,000	
	Total Revenues	$244,752	$248,242	$1,493,322	$1,741,564	$118,482	
	Expenditures						
	Building Improvements	$63,000	$0	$10,788	$10,788	$84,700 1	
	Fountain Improvements	$30,800	$26,010	$0	$26,010	$0 2	
	Pool Furniture	$7,700	$5,129	$2,256	$7,385	$7,700 3	
	Pool Repair & Replacements	$24,500	$5,104	$19,396	$24,500	$24,500 4	
	Lighting Improvements	$0	$14,797	$0	$14,797	$0 5	
	Landscape Improvements	$0	$0	$0	$0	$49,000 6	
	Total Expenditures	$126,000	$51,040	$32,440	$83,480	$165,900	
	Excess Revenues/(Expenditures)	$118,752	$197,202	$1,460,882	$1,658,084	($47,418)	
	Fund Balance - Beginning	$0	$1,650,948	$0	$1,650,948	$3,309,032	
	Fund Balance - Ending	$118,752	$1,848,150	$1,460,882	$3,309,032	$3,261,614	
	Notes:						
	(1 thru 6) is 70% of the shared costs with the remaining 30% allocated to Reunion West			
				Shared Costs			
		FY 2016	FY 2016	Total Prop	Reunion East	Reunion West	
		Budget	Projections	2017 Budget	70%	30%	
1	Building Improvements	$90,000	$15,411	$121,000	$84,700	$36,300	
2	Fountain Improvements	$44,000	$37,158	$0	$0	$0	
3	Pool Furniture	$11,000	$10,550	$11,000	$7,700	$3,300	
4	Pool Repair & Replacements	$35,000	$35,000	$35,000	$24,500	$10,500	
5	Lighting Improvements	$0	$21,138	$0	$0	$0	
6	Landscape Improvements	$0	$0	$70,000	$49,000	$21,000	
		$180,000	$119,257	$237,000	$165,900	$71,100	

11

Reunion East

Community Development District

Adopted Budget

Series 2015A Debt Service

Fiscal Year 2017

	Adopted	Actual	Projected	Total	Adopted	
	Budget	thru	Next 3	thru	Budget	
Description	FY2016	6/30/16	Months	9/30/16	FY2017	
Revenues						
Special Assessments	$2,568,595	$2,518,344	$87,527	$2,605,871	$2,568,595	
Prepayment Assessments	$0	$16,821	$0	$16,821	$0	
Interest Income	$100	$58	$7	$65	$100	
Transfer In	$0	$6,722	$0	$6,722	$0	
Carry Forward Surplus	$380,347	$396,602	$0	$396,602	$776,940	
Total Revenue	$2,949,042	$2,938,548	$87,534	$3,026,082	$3,345,635	
Expenditures						
Interest Expense 11/01	$376,842	$376,842	$0	$376,842	$714,525	
Principal Expense 05/01	$1,120,000	$1,120,000	$0	$1,120,000	$1,170,000	
Interest Expense 05/01	$737,300	$737,300	$0	$737,300	$714,525	
Special Call 05/01	$0	$15,000	$0	$15,000	$0	
Total Expenses	2,234,142	2,249,142	0	2,249,142	2,599,050	
EXCESS REVENUES	714,900	689,406	87,534	776,940	746,585	
				11/1/17	$691,125	
				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	
11/01/16	$29,590,000.00	$0	$	714,525.00		$714,525	
05/01/17	$29,590,000.00	$1,170,000	$	714,525.00			
11/01/17	$28,420,000.00	$0	$	691,125.00	$	2,575,650.00	
05/01/18	$28,420,000.00	$1,215,000	$	691,125.00			
11/01/18	$27,205,000.00	$0	$	666,825.00	$	2,572,950.00	
05/01/19	$27,205,000.00	$1,265,000	$	666,825.00			
11/01/19	$25,940,000.00	$0	$	641,525.00	$	2,573,350.00	
05/01/20	$25,940,000.00	$1,320,000	$	641,525.00			
11/01/20	$24,620,000.00	$0	$	615,125.00	$	2,576,650.00	
05/01/21	$24,620,000.00	$1,380,000	$	615,125.00			
11/01/21	$23,240,000.00	$0	$	580,625.00	$	2,575,750.00	
05/01/22	$23,240,000.00	$1,450,000	$	580,625.00			
11/01/22	$21,790,000.00	$0	$	544,375.00	$	2,575,000.00	
05/01/23	$21,790,000.00	$1,525,000	$	544,375.00			
11/01/23	$20,265,000.00	$0	$	506,250.00	$	2,575,625.00	
05/01/24	$20,265,000.00	$1,600,000	$	506,250.00			
11/01/24	$18,665,000.00	$0	$	466,250.00	$	2,572,500.00	
05/01/25	$18,665,000.00	$1,685,000	$	466,250.00			
11/01/25	$16,980,000.00	$0	$	424,125.00	$	2,575,375.00	
05/01/26	$16,980,000.00	$1,770,000	$	424,125.00			
11/01/26	$15,210,000.00	$0	$	379,875.00	$	2,574,000.00	
05/01/27	$15,210,000.00	$1,860,000	$	379,875.00			
11/01/27	$13,350,000.00	$0	$	333,375.00	$	2,573,250.00	
05/01/28	$13,350,000.00	$1,955,000	$	333,375.00			
11/01/28	$11,395,000.00	$0	$	284,500.00	$	2,572,875.00	
05/01/29	$11,395,000.00	$2,055,000	$	284,500.00			
11/01/29	$9,340,000.00	$0	$	233,125.00	$	2,572,625.00	
05/01/30	$9,340,000.00	$2,160,000	$	233,125.00			
11/01/30	$7,180,000.00	$0	$	179,125.00	$	2,572,250.00	
05/01/31	$7,180,000.00	$2,270,000	$	179,125.00			
11/01/31	$4,910,000.00	$0	$	122,375.00	$	2,571,500.00	
05/01/32	$4,910,000.00	$2,385,000	$	122,375.00			
11/01/32	$2,525,000.00	$0	$	62,750.00	$	2,570,125.00	
05/01/33	$2,525,000.00	$2,510,000	$	62,750.00	$	2,572,750.00	
		$29,575,000	$	14,891,750.00	$	44,466,750.00	

13

Reunion East

Community Development District

Adopted Budget

Series 2015-1 Debt Service

Fiscal Year 2017

	Adopted	Actual	Projected	Total	Adopted	
	Budget	thru	Next 3	thru	Budget	
Description	FY2016	6/30/16	Months	9/30/16	FY2017	
Revenues						
Special Assessments	$690,550	$690,443	$904	$691,347	$690,550	
Prepayment Assessments	$0	$109,841	$0	$109,841	$0	
Interest	$0	$29	$7	$36	$0	
Transfer In	$0	$52,600	$0	$52,600	$0	
Carry Forward Surplus	$201,894	$201,901	$0	$201,901	$294,746	
Total Revenue	$892,444	$1,054,814	$911	$1,055,725	$985,296	
Expenditures						
Interest Expense 11/01	$201,894	$201,894	$0	$201,894	$228,525	
Principal Expense 05/01	$215,000	$215,000	$0	$215,000	$230,000	
Interest Expense 05/01	$239,085	$239,085	$0	$239,085	$228,525	
Special Call 05/01	$0	$105,000	$0	$105,000	$0	
Total Expenses	$655,979	$760,979	$0	$760,979	$687,050	
Excess Revenues (Expenditures)	$236,465	$293,835	$911	$294,746	$298,246	
				11/1/17	$220,935	

14

Reunion East

Community Development District

Series 2015-1 Special Assessment Refunding Bonds

Debt Service Schedule

			AMORTIZATION SCHEDULE			
DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
11/01/16	$6,925,000.00	6.600%	$0.00	$228,525.00	$228,525.00	
05/01/17	$6,925,000.00	6.600%	$230,000.00	$228,525.00		
11/01/17	$6,695,000.00	6.600%	$0.00	$220,935.00	$679,460.00	
05/01/18	$6,695,000.00	6.600%	$245,000.00	$220,935.00		
11/01/18	$6,450,000.00	6.600%	$0.00	$212,850.00	$678,785.00	
05/01/19	$6,450,000.00	6.600%	$260,000.00	$212,850.00		
11/01/19	$6,190,000.00	6.600%	$0.00	$204,270.00	$677,120.00	
05/01/20	$6,190,000.00	6.600%	$280,000.00	$204,270.00		
11/01/20	$5,910,000.00	6.600%	$0.00	$195,030.00	$679,300.00	
05/01/21	$5,910,000.00	6.600%	$295,000.00	$195,030.00		
11/01/21	$5,615,000.00	6.600%	$0.00	$185,295.00	$675,325.00	
05/01/22	$5,615,000.00	6.600%	$315,000.00	$185,295.00		
11/01/22	$5,300,000.00	6.600%	$0.00	$174,900.00	$675,195.00	
05/01/23	$5,300,000.00	6.600%	$340,000.00	$174,900.00		
11/01/23	$4,960,000.00	6.600%	$0.00	$163,680.00	$678,580.00	
05/01/24	$4,960,000.00	6.600%	$360,000.00	$163,680.00		
11/01/24	$4,600,000.00	6.600%	$0.00	$151,800.00	$675,480.00	
05/01/25	$4,600,000.00	6.600%	$385,000.00	$151,800.00		
11/01/25	$4,215,000.00	6.600%	$0.00	$139,095.00	$675,895.00	
05/01/26	$4,215,000.00	6.600%	$415,000.00	$139,095.00		
11/01/26	$3,800,000.00	6.600%	$0.00	$125,400.00	$679,495.00	
05/01/27	$3,800,000.00	6.600%	$440,000.00	$125,400.00		
11/01/27	$3,360,000.00	6.600%	$0.00	$110,880.00	$676,280.00	
05/01/28	$3,360,000.00	6.600%	$470,000.00	$110,880.00		
11/01/28	$2,890,000.00	6.600%	$0.00	$95,370.00	$676,250.00	
05/01/29	$2,890,000.00	6.600%	$505,000.00	$95,370.00		
11/01/29	$2,385,000.00	6.600%	$0.00	$78,705.00	$679,075.00	
05/01/30	$2,385,000.00	6.600%	$540,000.00	$78,705.00		
11/01/30	$1,845,000.00	6.600%	$0.00	$60,885.00	$679,590.00	
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	
			$6,925,000.00	$4,822,290.00	$11,747,290.00	

15

Reunion East

Community Development District

Adopted Budget

Series 2015-2 Debt Service

Fiscal Year 2017

	Adopted	Actual	Projected	Total	Adopted	
	Budget	thru	Next 3	thru	Budget	
Description	FY2016	6/30/16	Months	9/30/16	FY2017	
Revenues						
Special Assessments	$748,025	$745,332	$2,693	$748,025	$748,025	
Prepayment Assessments	$0	$28,305	$0	$28,305	$0	
Interest	$0	$29	$6	$35	$0	
Carry Forward Surplus	$236,170	$236,175	$0	$236,175	$276,696	
Total Revenue	$984,195	$1,009,842	$2,699	$1,012,541	$1,024,721	
Expenditures						
Interest Expense 11/01	$236,170	$236,170	$0	$236,170	$272,415	
Principal Expense 05/01	$195,000	$195,000	$0	$195,000	$205,000	
Interest Expense 05/01	$279,675	$279,675	$0	$279,675	$272,415	
Special Call 05/01	$0	$25,000	$0	$25,000	$0	
Total Expenses	$710,845	$735,845	$0	$735,845	$749,830	
Excess Revenues (Expenditures)	$273,350	$273,997	$2,699	$276,696	$274,891	
				11/1/17	$265,650	

16

Reunion East

Community Development District

Series 2015-2 Special Assessment Refunding Bonds

Debt Service Schedule

			AMORTIZATION SCHEDULE			
DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
11/01/16	$8,255,000.00	6.600%	$0.00	$272,415.00	$272,415.00	
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	$6,881,490.00	$15,136,490.00	

17

Reunion East

Community Development District

Adopted Budget

Series 2015-3 Debt Service

Fiscal Year 2017

	Adopted	Actual	Projected	Total	Adopted	
	Budget	thru	Next 3	thru	Budget	
Description	FY2016	6/30/16	Months	9/30/16	FY2017	
Revenues						
Special Assessments	$336,265	$335,056	$1,209	$336,265	$336,265	
Interest	$0	$5	$0	$5	$0	
Miscellaneous Income	$0	$0	$0	$0	$0	
Carry Forward Surplus	$97,951	$97,951	$0	$97,951	$115,275	
Total Revenue	$434,216	$433,013	$1,209	$434,222	$451,540	
Expenditures						
Interest Expense 11/01	$97,951	$97,951	$0	$97,951	$112,530	
Principal Expense 05/01	$105,000	$105,000	$0	$105,000	$115,000	
Interest Expense 05/01	$115,995	$115,995	$0	$115,995	$112,530	
Total Expenses	$318,946	$318,946	$0	$318,946	$340,060	
Excess Revenues (Expenditures)	$115,270	$114,066	$1,209	$115,275	$111,480	
				11/1/17	$108,735	

18

Reunion East

Community Development District

Series 2015-3 Special Assessment Refunding Bonds

Debt Service Schedule

			AMORTIZATION SCHEDULE			
DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
11/01/16	$3,410,000.00	6.600%	$0.00	$112,530.00	$333,525.00	
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	$2,374,680.00	$6,005,675.00	

19