Meadow Pointe III Community Development District
Meadowpointe3.org

Adopted Budget for Fiscal Year 2020/2021 Presented by: Rizzetta & Company, Inc.

5844 Old Pasco Road Suite 100
Wesley Chapel, Florida 33544 Phone: 813-994-1001

rizzetta.com

TABLE OF CONTENTS

Page
General Fund Budget Account Category Descriptions	1
Reserve Fund Budget Account Category Descriptions	9
Debt Service Fund Budget Account Category Descriptions	10
General Fund Budget for Fiscal Year 2020/2021	11
Reserve Fund Budget for Fiscal Year 2020/2021	13
Debt Service Fund Budget for Fiscal Year 2020/2021	14
Assessments Charts for Fiscal Year 2020/2021	15

GENERAL FUND BUDGET ACCOUNT CATEGORY DESCRIPTION

The General Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all General Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Interest Earnings: The District may earn interest on its monies in the various operating accounts.

Tax Roll: The District levies Non-Ad Valorem Special Assessments on all of the assessable property within the District to pay for operating expenditures incurred during the Fiscal Year. The assessments may be collected in two ways. The first is by placing them on the County’s Tax Roll, to be collected with the County’s Annual Property Tax Billing. This method is only available to land properly platted within the time limits prescribed by the County.

Off Roll: For lands not on the tax roll and that is by way of a direct bill from the District to the appropriate property owner.

Developer Contributions: The District may enter into a funding agreement and receive certain prescribed dollars from the Developer to off-set expenditures of the District.

Event Rental: The District may receive monies for event rentals for such things as weddings, birthday parties, etc.

Miscellaneous Revenues: The District may receive monies for the sale or provision of electronic access cards, entry decals etc.

Facilities Rentals: The District may receive monies for the rental of certain facilities by outside sources, for such items as office space, snack bar/restaurants etc.

EXPENDITURES – ADMINISTRATIVE:

Supervisor Fees: The District may compensate its supervisors within the appropriate statutory limits of $200.00 maximum per meeting within an annual cap of $4,800.00 per supervisor.

Administrative Services: The District will incur expenditures for the day to today operation of District matters. These services include support for the District Management function, recording

and preparation of meeting minutes, records retention and maintenance in accordance with Chapter 119, Florida Statutes, and the District’s adopted Rules of Procedure, preparation and delivery of agenda, overnight deliveries, facsimiles and phone calls.

District Management: The District as required by statute, will contract with a firm to provide for management and administration of the District’s day to day needs. These services include the conducting of board meetings, workshops, overall administration of District functions, all required state and local filings, preparation of annual budget, purchasing, risk management, preparing various resolutions and all other secretarial duties requested by the District throughout the year is also reflected in this amount.

District Engineer: The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of construction invoices and all other engineering services requested by the district throughout the year.

Disclosure Report: The District is required to file quarterly and annual disclosure reports, as required in the District’s Trust Indenture, with the specified repositories. This is contracted out to a third party in compliance with the Trust Indenture.

Trustee’s Fees: The District will incur annual trustee’s fees upon the issuance of bonds for the oversight of the various accounts relating to the bond issues.

Assessment Roll: The District will contract with a firm to maintain the assessment roll and annually levy a Non-Ad Valorem assessment for operating and debt service expenses.

Financial & Revenue Collections: Services include all functions necessary for the timely billing and collection and reporting of District assessments in order to ensure adequate funds to meet the District’s debt service and operations and maintenance     obligations.  These services include, but are not limited to, assessment roll preparation and certification, direct billings and funding request processing as well as responding to property owner questions regarding District assessments. This line item also includes the fees incurred for a Collection Agent to collect the funds for the principal and interest payment for its short-term bond issues and any other bond related collection needs. These funds are collected as prescribed in the Trust Indenture. The Collection Agent also provides for the release of liens on property after the full collection of bond debt levied on particular properties.

Accounting Services: Services include the preparation and delivery of the District’s financial statements in accordance with Governmental Accounting Standards, accounts payable and accounts receivable functions, asset tracking, investment tracking, capital program administration and requisition processing, filing of annual reports required by the State of Florida and monitoring of trust account activity.

Auditing Services: The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting firm, once it reaches certain revenue and expenditure levels, or has issued bonds and incurred debt.

Arbitrage Rebate Calculation: The District is required to calculate the interest earned from bond proceeds each year pursuant to the Internal Revenue Code of 1986. The Rebate Analyst is required to verify that the District has not received earnings higher than the yield of the bonds.

Travel: Each Board Supervisor and the District Staff are entitled to reimbursement for travel expenses per Florida Statutes 190.006(8).

Public Officials Liability Insurance: The District will incur expenditures for public officials’ liability insurance for the Board and Staff.

Legal Advertising: The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to meeting schedules, special meeting notices, and public hearings, bidding etc. for the District based on statutory guidelines

Bank Fees: The District will incur bank service charges during the year.

Dues, Licenses & Fees: The District is required to pay an annual fee to the Department of Economic Opportunity, along with other items which may require licenses or permits, etc.

Miscellaneous Fees: The District could incur miscellaneous throughout the year, which may not fit into any standard categories.

Website Hosting, Maintenance and Email: The District may incur fees as they relate to the development and ongoing maintenance of its own website along with possible email services if requested.

District Counsel: The District’s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts and all other legal services requested by the district throughout the year.

EXPENDITURES - FIELD OPERATIONS:

Deputy Services: The District may wish to contract with the local police agency to provide security for the District.

Security Services and Patrols: The District may wish to contract with a private company to provide security for the District.

Electric Utility Services: The District will incur electric utility expenditures for general purposes such as irrigation timers, lift station pumps, fountains, etc.

Street Lights: The District may have expenditures relating to street lights throughout the community. These may be restricted to main arterial roads or in some cases to all street lights within the District’s boundaries.
Utility - Recreation Facility: The District may budget separately for its recreation and or amenity electric separately.

Gas Utility Services: The District may incur gas utility expenditures related to district operations at its facilities such as pool heat etc.

Garbage - Recreation Facility: The District will incur expenditures related to the removal of garbage and solid waste.

Solid Waste Assessment Fee: The District may have an assessment levied by another local government for solid waste, etc.

Water-Sewer Utility Services: The District will incur water/sewer utility expenditures related to district operations.

Utility - Reclaimed: The District may incur expenses related to the use of reclaimed water for irrigation.

Aquatic Maintenance: Expenses related to the care and maintenance of the lakes and ponds for the control of nuisance plant and algae species.

Fountain Service Repairs & Maintenance: The District may incur expenses related to maintaining the fountains within throughout the Parks & Recreational areas

Lake/Pond Bank Maintenance: The District may incur expenditures to maintain lake banks, etc. for the ponds and lakes within the District’s boundaries, along with planting of beneficial aquatic plants, stocking of fish, mowing and landscaping of the banks as the District determines necessary.

Wetland Monitoring & Maintenance: The District may be required to provide for certain types of monitoring and maintenance activities for various wetlands and waterways by other governmental entities.

Mitigation Area Monitoring & Maintenance: The District may be required to provide for certain types of monitoring and maintenance activities for various mitigation areas by other governmental entities.

Aquatic Plant Replacement: The expenses related to replacing beneficial aquatic plants, which may or may not have been required by other governmental entities.

General Liability Insurance: The District will incur fees to insure items owned by the District for its general liability needs

Property Insurance: The District will incur fees to insure items owned by the District for its property needs

Entry and Walls Maintenance: The District will incur expenditures to maintain the entry monuments and the fencing.
Landscape Maintenance: The District will incur expenditures to maintain the rights-of-way, median strips, recreational facilities including pond banks, entryways, and similar planting areas within the District. These services include but are not limited to monthly landscape maintenance, fertilizer, pesticides, annuals, mulch, and irrigation repairs.

Irrigation Maintenance: The District will incur expenditures related to the maintenance of the irrigation systems.

Irrigation Repairs: The District will incur expenditures related to repairs of the irrigation systems.

Landscape Replacement: Expenditures related to replacement of turf, trees, shrubs etc.

Field Services: The District may contract for field management services to provide landscape maintenance oversight.

Miscellaneous Fees: The District may incur miscellaneous expenses that do not readily fit into defined categories in field operations.

Gate Phone: The District will incur telephone expenses if the District has gates that are to be opened and closed.

Street/Parking Lot Sweeping: The District may incur expenses related to street sweeping for roadways it owns or are owned by another governmental entity, for which it elects to maintain.

Gate Facility Maintenance: Expenses related to the ongoing repairs and maintenance of gates owned by the District if any.

Sidewalk Repair & Maintenance: Expenses related to sidewalks located in the right of way of streets the District may own if any.

Roadway Repair & Maintenance: Expenses related to the repair and maintenance of roadways owned by the District if any.

Employees - Salaries: The District may incur expenses for employees/staff members needed for the recreational facilities such as Clubhouse Staff.

Employees - P/R Taxes: This is the employer’s portion of employment taxes such as FICA etc.

Employee - Workers’ Comp: Fees related to obtaining workers compensation insurance.

Management Contract: The District may contract with a firm to provide for the oversight of its recreation facilities.

Maintenance & Repair: The District may incur expenses to maintain its recreation facilities.

Facility Supplies: The District may have facilities that required various supplies to operate.

Gate Maintenance & Repairs: Any ongoing gate repairs and maintenance would be included in this line item.

Telephone, Fax, Internet: The District may incur telephone, fax and internet expenses related to the recreational facilities.

Office Supplies: The District may have an office in its facilities which require various office related supplies.

Clubhouse - Facility Janitorial Service: Expenses related to the cleaning of the facility and related supplies.

Pool Service Contract: Expenses related to the maintenance of swimming pools and other water features.

Pool Repairs: Expenses related to the repair of swimming pools and other water features.

Security System Monitoring & Maintenance: The District may wish to install a security system for the clubhouse

Clubhouse Miscellaneous Expense: Expenses which may not fit into a defined category in this section of the budget

Athletic/Park Court/Field Repairs: Expense related to any facilities such as tennis, basketball etc.

Trail/Bike Path Maintenance: Expenses related to various types of trail or pathway systems the District may own, from hard surface to natural surfaces.

Special Events: Expenses related to functions such as holiday events for the public enjoyment

Miscellaneous Fees:	Monies collected and allocated for fees that the District could incur throughout the year, which may not fit into any standard categories.

Miscellaneous Contingency: Monies collected and allocated for expenses that the District could incur throughout the year, which may not fit into any standard categories.

Capital Outlay:	Monies collected and allocated for various projects as they relate to public improvements.

RESERVE FUND BUDGET ACCOUNT CATEGORY DESCRIPTION

The Reserve Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all Reserve Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Tax Roll: The District levies Non-Ad Valorem Special Assessments on all of the assessable property within the District to pay for operating expenditures incurred during the Fiscal Year. The assessments may be collected in two ways. The first is by placing them on the County’s Tax Roll, to be collected with the County’s Annual Property Tax Billing. This method is only available to land properly platted within the time limits prescribed by the County.

Off Roll: For lands not on the tax roll and that is by way of a direct bill from the District to the appropriate property owner.

Developer Contributions: The District may enter into a funding agreement and receive certain prescribed dollars from the Developer to off-set expenditures of the District.

Miscellaneous Revenues: The District may receive monies for the sale or provision of electronic access cards, entry decals etc.

EXPENDITURES:

Capital Reserve: Monies collected and allocated for the future repair and replacement of various capital improvements such as club facilities, swimming pools, athletic courts, roads, etc.

Capital Outlay: Monies collected and allocated for various projects as they relate to public improvements.

DEBT SERVICE FUND BUDGET ACCOUNT CATEGORY DESCRIPTION
The Debt Service Fund Budget Account Category Descriptions are subject to change at any time depending on its application to the District. Please note, not all Debt Service Fund Budget Account Category Descriptions are applicable to the District indicated above. Uses of the descriptions contained herein are intended for general reference.

REVENUES:

Special Assessments: The District may levy special assessments to repay the debt incurred by the sale of bonds to raise working capital for certain public improvements. The assessments may be collected in the same fashion as described in the Operations and Maintenance Assessments.

EXPENDITURES – ADMINISTRATIVE:

Bank Fees: The District may incur bank service charges during the year.

Debt Service Obligation: This would a combination of the principal and interest payment to satisfy the annual repayment of the bond issue debt.

Chart of Accounts Classification	
Budget for 2020/2021	
		
REVENUES		
Interest Earnings	0	
Special Assessments		
Tax Roll*	$	1,683,119	
Other Miscellaneous Revenues		
Remotes	$	2,000	
Vending Machines	$	200	
Cell Tower Lease	$	28,262	
		
TOTAL REVENUES	$	1,713,581	
		
TOTAL REVENUES AND BALANCE FORWARD	$	1,713,581	

		
EXPENDITURES - ADMINISTRATIVE		
		
Legislative		
Supervisor Fees	$	16,000	
Financial & Administrative		
Administrative Services	$	5,974	
District Management	$	33,475	
District Engineer	$	22,500	
Disclosure Report	$	3,100	
Trustees Fees	$	10,000	
Tax Collector /Property Appraiser Fees	$	150	
Financial & Revenue Collections	$	5,150	
Accounting Services	$	21,630	
Auditing Services	$	3,675	
Arbitrage Rebate Calculation	$	1,950	
Assessment Roll	$	5,150	
Miscellaneous Mailings	$	2,500	
Square Account Fees	$	300	
Public Officials Liability Insurance	$	3,675	
Legal Advertising	$	1,000	
Dues, Licenses & Fees	$	450	
Website Hosting, Maintenance, Backup (and	$	6,750	
Legal Counsel		
District Counsel	$	25,000	
		
Administrative Subtotal	$	168,429	
		
EXPENDITURES - FIELD OPERATIONS		
		
Law Enforcement		
Deputy	$	105,360	
Electric Utility Services		
Utility Services	$	31,000	
Street Lights	$	98,000	
Garbage/Solid Waste Control Services		
Garbage - Residential	$	192,246	
Garbage - Recreation Facility	$	905	
Solid Waste Assessment	$	2,075	
Water-Sewer Combination Services		
Utility Services - Recreation Facility	$	4,000	
Stormwater Control		
Mitigation Area Monitoring & Maintenance	$	4,810	
Aquatic Plant Replacement	$	7,500	
Aquatic Maintenance	$	66,480	
Stormwater Assessment	$	3,800	
Stormwater System Maintenance	$	5,000	
Other Physical Environment		
Landscape inspections	$	9,000	
Property Insurance	$	6,500	
General Liability Insurance	$	3,750	

Chart of Accounts Classification	
Budget for 2020/2021	
Flood Insurance	$	3,000	
Street Light Deposit Bond	$	650	
Entry & Walls Maintenance	$	5,000	
Landscape Maintenance	$	269,476	
Irrigation Maintenance & Repair	$	20,000	
Annual Color Rotation	$	20,000	
Holiday Decorations	$	2,000	
Landscape Replacement Plants, Shrubs, Trees	$	40,000	
Landscape - Mulch	$	63,000	
Landscape - Fertilizer Applications	$	30,000	
Tree Trimming Services	$	10,800	
Fire Ant Treatment	$	10,000	
Landscape - Pest Control	$	5,300	
Well Maintenance	$	6,000	
Lift Station Maintenance	$	10,000	
Wildlife Management Services	$	6,000	
Miscellaneous Expense	$	18,000	
Road & Street Facilities		
Gate Maintenance	$	30,000	
Gate Phone	$	8,700	
Sidewalk Repair & Maintenance	$	11,500	
Street Sign Repair & Replacement	$	1,000	
Roadway Repair & Maintenance	$	5,000	
Street Light Decorative Light Maintenance	$	2,000	
Parking Lot Repair & Maintenance	$	5,000	
Parks & Recreation		
Management Contract	$	285,000	
Pool Repairs	$	5,000	
Pool/Water Park/Fountain Maintenance	$	13,740	
Facilities - Pest Control	$	750	
Facility A/C & Heating Maintenance & Repair	$	1,500	
Playground Equipment and Maintenance	$	1,500	
Operating Supplies	$	15,000	
Dog Waste Station Supplies	$	1,900	
Vehicle Maintenance	$	3,000	
Clubhouse repairs/Maintenance	$	18,000	
Security System Monitoring & Maintenance	$	8,000	
Clubhouse Internet, Cable & Phone	$	2,500	
Athletic/Park Court/Field Repairs	$	5,000	
Boardwalk and Bridge Maintenance	$	1,500	
Computer Support, Maintenance & Repair	$	1,000	
Fitness Equipment Maintenance & Repairs	$	2,000	
Special Events		
Special Events	$	10,000	
Street Tree Removal Program Phase 4		
Street Tree Install	$	25,000	
Contingency		
Capital Outlay	$	21,910	
		
Field Operations Subtotal	$	1,545,152	
		
TOTAL EXPENDITURES	$	1,713,581	
		
EXCESS OF REVENUES OVER	$	-	

Adopted Budget
Meadow Pointe III Community Development District Reserve Fund
Fiscal Year 2020/2021

Chart of Accounts Classification	
Budget for 2020/2021	
		
REVENUES		
		
Special Assessments		
Tax Roll*	$	302,348	
Other Miscellaneous Revenues		
		
TOTAL REVENUES	$	302,348	
		
TOTAL REVENUES AND BALANCE FORWARD	$	302,348	
		
EXPENDITURES		
		
Contingency		
Capital Reserves- Road Reserve	$	117,561	
Capital Reserves- Asset Replacement	$	184,787	
		
TOTAL EXPENDITURES	$	302,348	
		
EXCESS OF REVENUES OVER EXPENDITURES	$	-	

Meadow Pointe III Community Development District Debt Service
Fiscal Year 2020/2021

Chart of Accounts Classification	Series 2013	Series 2015A	Series 2007	Budget for 2020/2021	
					
REVENUES					
Special Assessments					
Net Special Assessments (1)	$ 363,934.62	$	223,525.17	$	353,623.04	$	941,082.83	
					
TOTAL REVENUES	$ 363,934.62	$	223,525.17	$	353,623.04	$	941,082.83	

EXPENDITURES					
Administrative					
Financial & Administrative					
				0	
Debt Service Obligation	$ 363,934.62	$	223,525.17	$	353,623.04	$	941,082.83	
Administrative Subtotal	$ 363,934.62	$	223,525.17	$	353,623.04	$	941,082.83	
					
TOTAL EXPENDITURES	$ 363,934.62	$	223,525.17	$	353,623.04	$	941,082.83	
					
EXCESS OF REVENUES OVER EXPENDITURES	0	0	0	0	

Pasco County Collection Costs (2%) and Early payment Discounts (4%)	6.0%

Gross assessments	$	1,000,949.74

Notes:
Tax Roll County Collection Costs and Early Payment Discount is 6% of Tax Roll. Budgeted net tax roll assessment. See Assessment Table.

(1) Maximum Annual Debt Service less Prepaid Assessments received

2020/2021 Operations & Maintenance and Road Reserves Budget	$1,985,467.00

Collection Cost
Early Payment Discount 2020/2021 Total:

$39,742.68
$79,485.36

$2,112,198.94

2019/2020 Operations & Maintenance and Road Reserves Budget	$1,985,467.00
2020/2021 Operations & Maintenance and Road Reserves Budget	$1,985,467.00
Total Difference:	$0.00

PER UNIT ANNUAL A	SSESSMENT		
2019/2020	2020/2021	Proposed Increase / Decrease	
$267.12
$46.37
$1,111.37
$1,424.86	$267.12
$46.37
$1,111.37
$1,424.86	$0.00
$0.00
$0.00
$0.00	0.00%
0.00%
0.00%
0.00%	

$533.44
$62.37
$1,111.37
$1,707.18	

$533.44
$62.37
$1,111.37
$1,707.18	

$0.00
$0.00
$0.00
$0.00	

0.00%
0.00%
0.00%
0.00%	

$533.44
$63.37
$1,111.37
$1,708.18	

$533.44
$63.37
$1,111.37
$1,708.18	

$0.00
$0.00
$0.00
$0.00	

0.00%
0.00%
0.00%
0.00%	

$640.29
$63.37
$1,111.37
$1,815.03	

$640.29
$63.37
$1,111.37
$1,815.03	

$0.00
$0.00
$0.00
$0.00	

0.00%
0.00%
0.00%
0.00%	

$693.71
$111.37
$1,111.37
$1,916.45	

$693.71
$111.37
$1,111.37
$1,916.45	

$0.00
$0.00
$0.00
$0.00	

0.00%
0.00%
0.00%
0.00%	

$693.71
$81.37
$1,111.37
$1,886.45	

$693.71
$81.37
$1,111.37
$1,886.45	

$0.00
$0.00
$0.00
$0.00	

0.00%
0.00%
0.00%
0.00%	

$853.99
$76.37
$1,111.37
$2,041.73	

$853.99
$76.37
$1,111.37
$2,041.73	

$0.00
$0.00
$0.00
$0.00	

0.00%
0.00%
0.00%
0.00%	

$515.83
$52.37
$1,111.37
$1,679.57	

$515.83
$52.37
$1,111.37
$1,679.57	

$0.00
$0.00
$0.00
$0.00	

0.00%
0.00%
0.00%
0.00%	

$515.83
$46.37	
$515.83
$46.37	
$0.00
$0.00	
0.00%
0.00%	

Villa (2013) Larkenheath Debt Service
Road Reserve Operations/Maintenance Total

SF 50' (2013) Heatherstone Debt Service
Road Reserve Operations/Maintenance Total

SF 50' (2013) Wrencrest Debt Service
Road Reserve Operations/Maintenance Total

SF 60' (2013) Wrencrest Debt Service
Road Reserve Operations/Maintenance Total

SF 65' (2013) Nesslewood Debt Service
Road Reserve Operations/Maintenance Total

SF 65' (2013) Broughton Debt Service
Road Reserve Operations/Maintenance Total

SF 80' (2013) Beaconsfield Debt Service
Road Reserve Operations/Maintenance Total

Villa (2015A) Whitlock Debt Service
Road Reserve Operations/Maintenance Total

Villa (2015A) Larkenheath Debt Service
Road Reserve

2020/2021 Operations & Maintenance and Road Reserves Budget	$1,985,467.00
Collection Cost	$39,742.68
Early Payment Discount	$79,485.36

2020/2021 Total:	$2,112,198.94

2019/2020 Operations & Maintenance and Road Reserves Budget	$1,985,467.00
2020/2021 Operations & Maintenance and Road Reserves Budget	$1,985,467.00

Total Difference:	$0.00

PER UNIT ANNUAL ASSESSMENT

2019/2020	2020/2021	Proposed Increase / Decrease	
Operations/Maintenance	$1,111.37	$1,111.37	$0.00	0.00%	
Total	$1,673.57	$1,673.57	$0.00	0.00%	

TH (2015A) Claridge Place			
	Debt Service	$515.83	$515.83	$0.00	0.00%	
	Road Reserve	$84.37	$84.37	$0.00	0.00%	
	Operations/Maintenance	$1,111.37	$1,111.37	$0.00	0.00%	
	Total	$1,711.57	$1,711.57	$0.00	0.00%	

SF 50' (2015A) Wrencrest					
Debt Service	$687.77	$687.77	$0.00	0.00%	
Road Reserve	$63.37	$63.37	$0.00	0.00%	
Operations/Maintenance	$1,111.37	$1,111.37	$0.00	0.00%	
Total	$1,862.51	$1,862.51	$0.00	0.00%	

SF 60' (2015A) Wrencrest		
	Debt Service	$825.32	$825.32	$0.00	0.00%		
	Road Reserve	$63.37	$63.37	$0.00	0.00%		
	Operations/Maintenance	$1,111.37	$1,111.37	$0.00	0.00%		
	Total	$2,000.06	$2,000.06	$0.00	0.00%		

SF 60' (2015A) Nesslewood	
	Debt Service	$825.32	$825.32	$0.00	0.00%		
	Road Reserve	$111.37	$111.37	$0.00	0.00%		
	Operations/Maintenance	$1,111.37	$1,111.37	$0.00	0.00%		
	Total	$2,048.06	$2,048.06	$0.00	0.00%		

Villa (2007) Whitlock	
	Debt Service	$280.60	$280.60	$0.00	0.00%		
	Road Reserve	$52.37	$52.37	$0.00	0.00%		
	Operations/Maintenance	$1,111.37	$1,111.37	$0.00	0.00%		
	Total	$1,444.34	$1,444.34	$0.00	0.00%		

TH (2007) Hillhurst Crossing	
	Debt Service	$420.89	$420.89	$0.00	0.00%		
	Road Reserve	$102.82	$102.82	$0.00	0.00%		
	Operations/Maintenance	$1,111.37	$1,111.37	$0.00	0.00%		
	Total	$1,635.08	$1,635.08	$0.00	0.00%		

SF 50' (2007) Wrencrest	
	Debt Service	$561.19	$561.19	$0.00	0.00%		
	Road Reserve	$63.37	$63.37	$0.00	0.00%		
	Operations/Maintenance	$1,111.37	$1,111.37	$0.00	0.00%		
	Total	$1,735.93	$1,735.93	$0.00	0.00%		

SF 60' (2007) Alchester	
	Debt Service	$673.43	$673.43	$0.00	0.00%		
	Road Reserve	$58.37	$58.37	$0.00	0.00%		
	Operations/Maintenance	$1,111.37	$1,111.37	$0.00	0.00%		
	Total	$1,843.17	$1,843.17	$0.00	0.00%		

		

		

		

MEADOW POINTE III COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021 O&M and DEBT SERVICE ASSESSMENT SCHEDULE
2020/2021 Operations & Maintenance and Road Reserves Budget	$1,985,467.00
Collection Cost	$39,742.68
Early Payment Discount	$79,485.36
2020/2021 Total:	$2,112,198.94

2019/2020 Operations & Maintenance and Road Reserves Budget	$1,985,467.00
2020/2021 Operations & Maintenance and Road Reserves Budget	$1,985,467.00
Total Difference:	$0.00
PER UNIT ANNUAL ASSESSMENT

2019/2020	2020/2021	Proposed Increase / Decrease
SF 60' (2007) Ammanford		
	Debt Service Road Reserve
Operations/Maintenance	$673.43
$56.37
$1,111.37	$673.43
$56.37
$1,111.37	$0.00
$0.00
$0.00	0.00%
0.00%
0.00%		
	Total	$1,841.17	$1,841.17	$0.00	0.00%		

SF 60' (2007) Wrencrest	

$673.43
$63.37
$1,111.37	

$673.43
$63.37
$1,111.37	

$0.00
$0.00
$0.00	

0.00%
0.00%
0.00%		
	Debt Service Road Reserve
Operations/Maintenance						
	Total	$1,848.17	$1,848.17	$0.00	0.00%		

SF 65' (2007) Broughton	

$673.43
$81.37
$1,111.37	

$673.43
$81.37
$1,111.37	

$0.00
$0.00
$0.00	

0.00%
0.00%
0.00%		
	Debt Service Road Reserve
Operations/Maintenance						
	Total	$1,866.17	$1,866.17	$0.00	0.00%		

TOTAL O&M BUDGET	$1,867,906.00	
COLLECTION COSTS @	2.0%	$39,742.68	
EARLY PAYMENT DISCOUN 4.0%	$79,485.36	
TOTAL O&M ASSESSMENT	$1,987,134.04	

18

MEADOW POINTE III

FISCAL YEAR 2020/2021 O&M & DEBT SERVICE ASSESSMENT SCHEDULE

ANNUAL ROAD RESERVES BUDGET	$117,560.70	

LOT SIZE	

O&M	UNITS ASSESSED
DEBT (1) (2)
2013	2015A	

2007	ALLOCATION OF O&M ASSESSMENT EAU	TOTAL	% TOTAL	TOTAL
FACTOR    EAU's	EAU's	O&M BUDGET	TOTAL ROAD RESERVES	PER LOT ANNUAL ASSESSMENT	
						O&M (5)	ROAD 2013 DEBT 015A DEB 2007 DEBT RESERVESSERVICE (3SERVICE (3SERVICE (3)	
TOTAL (4)	
Villa (2013) Larkenheath	146	145		1.00	146.00	8.17%	$162,260.39	$6,770.22	$1,111.37	$46.37	$267.12	$1,424.86	
SF 50' (2013) Heatherstone	121	119		1.00	121.00	6.77%	$134,476.07	$7,546.94	$1,111.37	$62.37	$533.44	$1,707.18	
SF 50' (2013) Wrencrest	146	146		1.00	146.00	8.17%	$162,260.39	$9,252.22	$1,111.37	$63.37	$533.44	$1,708.18	
SF 60' (2013) Wrencrest	13	13		1.00	13.00	0.73%	$14,447.84	$823.83	$1,111.37	$63.37	$640.29	$1,815.03	
SF 65' (2013) Nesslewood	123	122		1.00	123.00	6.88%	$136,698.82	$13,698.68	$1,111.37	$111.37 $693.71	$1,916.45	
SF 65' (2013) Broughton	2	2		1.00	2.00	0.11%	$2,222.75	$162.74	$1,111.37	$81.37	$693.71	$1,886.45	
SF 80' (2013) Beaconsfield	133	132		1.00	133.00	7.44%	$147,812.54	$10,157.39	$1,111.37	$76.37	$853.99	$2,041.73	
Villa (2015A) Whitlock	92	92		1.00	92.00	5.15%	$102,246.27	$4,818.17	$1,111.37	$52.37	$515.83	$1,679.57	
Villa (2015A) Larkenheath	63	63		1.00	63.00	3.52%	$70,016.47	$2,921.40	$1,111.37	$46.37	$515.83	$1,673.57	
TH (2015A) Claridge Place	136	136		1.00	136.00	7.61%	$151,146.66	$11,474.51	$1,111.37	$84.37	$515.83	$1,711.57	
SF 50' (2015A) Wrencrest	24	24		1.00	24.00	1.34%	$26,672.94	$1,520.91	$1,111.37	$63.37	$687.77	$1,862.51	
SF 60' (2015A) Wrencrest	16	16		1.00	16.00	0.89%	$17,781.96	$1,013.94	$1,111.37	$63.37	$825.32	$2,000.06	
SF 60' (2015A) Nesslewood	70	70		1.00	70.00	3.91%	$77,796.08	$7,796.00	$1,111.37	$111.37	$825.32	$2,048.06	
Villa (2007) Whitlock	130		128	1.00	130.00	7.27%	$144,478.43	$6,808.28	$1,111.37	$52.37	$280.60	$1,444.34	
TH (2007) Hillhurst Crossing	105		105	1.00	105.00	5.87%	$116,694.11	$10,796.57	$1,111.37	$102.82	$420.89	$1,635.08	
SF 50' (2007) Wrencrest	152		152	1.00	152.00	8.50%	$168,928.62	$9,632.45	$1,111.37	$63.37	$561.19	$1,735.93	
SF 60' (2007) Alchester	82		81	1.00	82.00	4.59%	$91,132.55	$4,786.45	$1,111.37	$58.37	$673.43	$1,843.17	
SF 60' (2007) Ammanford	69		68	1.00	69.00	3.86%	$76,684.70	$3,889.62	$1,111.37	$56.37	$673.43	$1,841.17	
SF 60' (2007) Wrencrest	124		123	1.00	124.00	6.94%	$137,810.19	$7,858.05	$1,111.37	$63.37	$673.43	$1,848.17	
SF 65' (2007) Broughton	41		41	1.00	41.00	2.29%	$45,566.27	$3,336.23	$1,111.37	$81.37	$673.43	$1,866.17	
    1788            679	401	698		 1788.00	100.00%     $1,987,134.04       $125,064.57 

LESS: Pasco County Collection Costs (2%) and Early Payment Discount (4%):	($119,228.04)	($7,503.87)
 
Net Revenue to be Collected $1,867,906.00 $117,560.70 

Reflects 5 (five) prepayments for the Series 2013 bond and 5 (five) prepayments on the Series 2007 bond.

Reflects the number of total lots with Series 2013, Series 2015A and Series 2007 debt outstanding.

Annual debt service assessment per lot adopted in connection with the Series 2013, Series 2015A and Series 2007 bond issues. Annual assessment includes principal, interest, Pasco County collection costs and early payment discount costs.

Annual assessment (in addition to the Road Reserve) will appear on November 2020 Pasco County property tax bill. Amount shown includes all applicable collection costs and early payment discounts (up to 4% if paid early)

Reflects an equal per unit O&M assessment approved by the Board of Supervisors	

19

Meadow Pointe III CDD Internal Road Reserves

	ROUNDED	
Number of	Estimated

Total Costs	Per Lot

Yearly Costs	Per Lot

Yearly Costs	Annual Asst.
Per   Neighborhood (at the same level as 2011)	Per Lot

Yearly Costs (at the same level as 2011)	

Parcel ID/Name	

Lots						
50' & 60'
1A,2A,1B,2B,1D,1E
Wrencrest/Rensselaer	

475	

$281,672	

$40	

$41	

$30,101	

$63	

1C1, 1C2 - Villa Whitlock	

222	

$90,142	

$27	

$30	

$11,626	

$52	

TT - 50'
Ammanford	

69	

$31,954	

$31	

$34	

$3,890	

$56	

VV - 65'
Broughton	

43	

$35,466	

$55	

$59	

$3,499	

$81	

SS - 60'
Alchester	

82	

$40,986	

$33	

$36	

$4,786	

$58	

PP/QQ - Villa Larkenheath	

209	

$73,092	

$23	

$24	

$9,692	

$46	

EE - 50'
Heatherstone	

121	

$68,848	

$38	

$40	

$7,547	

$62	

FF/OO - 80'
Beaconsfield	

133	

$100,050	

$50	

$54	

$10,157	

$76	

UU - Townhomes Hillhurst Crossing	

105	

$119,111	

$76	

$80	

$10,797	

$103	

CC - Townhomes Claridge Place	

136	

$120,024	

$59	

$62	

$11,475	

$84	

DD - 60' / Y - 65'
Sheringham/Nesslewoo	

193	

$238,742	

$82	

$89	

$21,495	

$111	

6%
Net	Gross	Gross

Total	1788				$125,065	
	net	$117,561	
	variance		
Costs based on 3% inflation and compounded for 15 years. Based on 1" overlay with no curb or base repair.
Total price is prorated over a 15 year period.