Lakewood Ranch Stewardship District

TO:	District Board of Supervisors and Staff
FROM:	Louis Lawman
DATE:	June 7, 2019
SUBJECT:	Preliminary Operating Budget for the Fiscal Year Ending 9/30/2020

Please find attached hereto, the Proposed Preliminary Operating Budget for the 2019-2020 fiscal year and updated projected budget at build-out.
Expenses during the 2020 year in the amount of $7,574,933 reflect an increase by 51% over the prior year. Significant contributors to the increase include:
Landscape maintenance of additional areas accounts for around 57% of the increase,
Irrigation consumption reflects approximately 17% of the increase,
New expenses over prior years including Community Services Admin Fee for the new Town Hall North resource and an allocation to Reserves comprise around 12% of the overall increase. A schedule of the Reserves is on pages 13 and 14 of the budget package.

Revenues during the 2020 year have been calculated to meet expenses. Detail as to the sources of revenue compared to the prior year is as follows:
Assessment revenue from platted lots is expected to increase by 53% driven by an increase in lots platted at May 30th. Assessment revenue represents 58% of the total of all sources of revenue in the 2020 year; which percentage is roughly the same as last year.
Revenue from un-platted land is expected to increase by 57%. This source of revenue represents 3% of the total of all revenue sources.
Landowner revenue is expected to increase by 52%. As with last year, Landowner revenue represents 39% of the total of all sources of revenue in the 2020 year.

The updated build-out budget projection reflects an overall increase in expenses by around 12.5% over that of the prior year. Assessments per Equivalent Dwelling Unit (EDU) by sector based upon build-out are as follows:
SE Sector - $578 (increase from prior estimate by $63)
NW Sector - $360 (increase from prior estimate by $42)
NE Sector - $301 (increase from prior estimate by $69)
SRQ Sector - $519 (increase from prior estimate by $15) Thank you for your attention and consideration.

14400 Covenant Way ∙ Lakewood Ranch ∙ Florida ∙ 34202
Air ∙ Land ∙ Water ∙ Wildlife

Lakewood Ranch Stewardship District Proposed Operating Budget for General Fund - Summary Budget For Operation & Maintenance October 1, 2019 to September 30, 2020

Estimated Buildout Budget

Category

Sources of Funds:
Assessments - Platted Land Assessments - Un Platted Land Landowner Contribution
Other Revenue

Total - Sources of Funds	
Full Year 30-Sep-19

Budget

$   2,918,102
$	131,204
$   1,956,356
  $	- 

$ 5,005,662			Increase	
		PRELIMINARY BUDGET FY2020		(Decrease) 2020 Budget vs.
2019 Budget	
		
$	4,153,085	
70%	
$	1,234,983	
		$186,747	70%	$	55,543	
		$	3,235,102	60%	$	1,278,746	
		$	-		   $		- 	
		
$	7,574,933	
66%	
$	2,569,271	

Uses of Funds				
Administrative Expenditures:				
Insurance	$	8,000	$	8,000	100%	$	-	
Meeting Advertising	$	15,000	$	15,000	100%	$	-	
Real Estate Taxes	$	-	$	-		$	-	
Engineering	$	70,000	$	70,000	100%	$	-	
Bond Agent Fees	$	30,000	$	30,000	100%	$	-	
Legal Fees	$	100,000	$	100,000	100%	$	-	
Accounting	$	32,000	$	32,000	100%	$	-	
Lien Book and Tax Roll	$	139,000	$	150,000	93%	$	11,000	
Annual Audit	$	17,000	$	17,000	100%	$	-	
Trustee	$	100,000	$	100,000	100%	$	-	
Manager	$	85,000	$	108,000	79%	$	23,000	
Travel and Per Diem	$	-	$	-		$	-	
Telephone	$	-	$	-		$	-	
Postage	$	1,500	$	1,500	100%	$	-	
Office Supplies	$	1,500	$	1,500	100%	$	-	
Other Current Charges	$	3,810	$	3,810	100%	$	-	
Dues, Licenses, Subscriptions	$	500	$	22,000	2%	$	21,500	
Capital Outlay	$	-	$	-		$	-	
Meeting Room Rent	$	-	$	-		$	-	
Outside Services; County Administrative Fee	  $	- 	$	-		   $		- 	
Total - Administrative	$	603,310	$	658,810	92%	$	55,500	
Reserves	$	-	$	152,578	
0%	$	152,578	
Maintenance:				
Maintenance Management Fee - allocated at buildout    $	268,000	$	300,000	89%	$	32,000	
General & Parks Maintenance - allocated at buildout	$	254,000	$	383,400	66%	$	129,400	
Community Services Admin. Fee	$	-	$	96,240	0%	$	96,240	
Landscape & Irrigation Maintenance - Contracted	$ 2,367,293	$	3,626,086	65%	$	1,258,793	
Landscape & Irrigation Repairs - Non-Contracted	$	653,941	$	901,000	73%	$	247,059	
Irrigation for Master Landscaping	$	556,846	$	1,016,846	55%	$	460,000	
Environmental	$	182,300	$	241,500	75%	$	59,200	
Utilities	$	6,773	$	55,273	12%	$	48,500	
Other Maintenance	$	113,200	$	143,200	79%	$	30,000	
Contingency	  $	- 	$	-		   $		- 	

Total - Maintenance	
$ 4,402,352	
$	6,763,545	
65%	
$	2,361,193	

Total - Uses of Funds	
$ 5,005,662	
$	7,574,933	
66%	
$	2,569,271	

Operating Surplus or Deficit	
  $	(0)	
$	-		
$	0	
			
Increase	

Maintenance Expense by Land Area:	Budget FY2019	PrelimBudget FY2020; RES. 2019-			(Decrease) 2020 Budget vs.
2019 Budget	
Southeast Sector	$1,254,975	$1,676,873	75%	$421,899	
Northwest Sector	$1,381,650	$1,795,260	77%	$413,610	
Northeast Sector	$444,242	$1,365,504	33%	$921,262	
Sarasota Sector	$799,485	$1,146,268	70%	$346,783	
Other / General Maintenance	$300,000	$431,640	70%	$131,640	
Parks Maintenance	      $222,000		$348,000	64%	 	$126,000		
Total	$4,402,352	$6,763,545	65%	$2,361,193	

$  9,731,966
$	-
$	-
  $	- 

$  9,731,966

$	20,000
$	20,000
$	-
$	75,000
$	75,000
$	125,000
$	75,000
$	150,000
$	50,000
$	150,000
$	150,000
$	-
$	-
$	2,657
$	10,629
$	1,500
$	22,000
$	-
$	-
  $	- 
$	926,786

$	276,375

$	500,250
$	959,000
$	317,088
$  3,908,206
$	991,000
$  1,166,846
$	435,500
$	64,173
$	186,742
  $	- 

$  8,528,805

$  9,731,966

$	-

Page 1

Estimated Buildout Budget
$1,720,873
$1,901,380
$1,552,204
$1,578,010
$1,042,338
     $734,000 
$8,528,805

page 1

Acct#	
EXPENSES	
Budget FY2019	
YTD 3/31/2019	
Forecast 9/30/2019	
Variance vs. Budget	Preliminary Budget FY2020	Prelim. FY2020 Budget vs. Budget 2019	ESTIMATED BUILDOUT (B)	Prior Buildout Estimate	
$ Change		% Change	
						100%			100%				
SE	SOUTHEAST SECTOR OPERATIONS AND MAINTENANCE BUDGET DETAIL												
	Area identified as around Country Club East and Lake Club												
	MASTER LANDSCAPING & IRRIGATION MAINTENANCE CONTRACTSᵃ												
60101	University Parkway from Lorraine to Concession	160,000	52,500	160,000	-	350,000	190,000	119%	350,000	166,000	184,000	110.84%	
60102	The Masters Ave.; Lorraine to Players	196,573	104,475	204,000	7,427	204,000	7,427	4%	204,000	235,888	(31,888)	-13.52%	
60103	Lorraine Rd - East side	108,150	52,500	105,000	(3,150)	105,000	(3,150)	-3%	105,000	129,780	(24,780)	-19.09%	
60104	Allocation from CDD's for UP and Lorraine medians	20,173	16,632	16,632	(3,541)	20,173	-	0%	20,173	24,208	(4,035)	-16.67%	
60106	Bournside Blvd. from Masters to SR70	80,000	-	20,000	(60,000)	108,000	28,000	35%	108,000	100,000	8,000	8.00%	
60107	Covenant Way	12,978	6,720	12,600	(378)	12,600	(378)	-3%	12,600	15,574	(2,974)	-19.09%	
60108	Masters Ave. from Players Dr. to Bourneside Blvd.	112,000	55,018	109,112	(2,888)	110,000	(2,000)	-2%	110,000	134,400	(24,400)	-18.15%	
60109	Bourneside Blvd. from Masters to University Pkwy.	-	-	-	-	60,000	60,000		90,000	86,000	4,000	4.65%	
Subtotal Landscape Maintenance Contracts	689,875	287,845	627,344	(62,531)	969,773	279,899	41%	999,773	891,850	107,924 12.10%	

55,000
92,000
50,000
30,000
4,000	

24,081
48,563
50,373
16,843
2,090	

65,000
92,000
52,000
30,000
4,000	

10,000
- 2,000
-
-	

65,000
100,000
60,000
30,000
8,000	

10,000
8,000
10,000
- 4,000	

18%
9%
20%
0%
100%	58.10%	

66,000
120,000
60,000
32,000
6,000			
SE
60200
60210
60215
60230
new	NON CONTRACTED LANDSCAPING & IRRIGATION REPAIRS
Irrigation Repairs Plant replacement Mulching
Tree Trimming
Other Landscape Maintenance; Non-Contracted								
65,000
100,000
60,000
30,000
12,000		
(1,000)
(20,000)
- (2,000)
6,000	
-1.52%
-16.67%
0.00%
-6.25%	
Subtotal Non-Contracted Landscaping	231,000	141,950	243,000	12,000	263,000	32,000	14%	267,000	284,000	(17,000) -5.99%	

10,500
220,000	

4,310
126,476	

10,500
250,000	

- 30,000	

10,500
320,000	

- 100,000	

0%
45%	15.52%	

12,600
260,000			
SE
60250
60255	IRRIGATION FOR MASTER LANDSCAPING
Monthly Meter Charge Utilization								
10,500
320,000		
(2,100)
60,000	
-16.67%
23.08%	
Subtotal Irrigation	230,500	130,786	260,500	30,000	330,500	100,000	43%	330,500	272,600	57,900 21.24%	

4,000
-
-
-
- 60,000	

-
-
-
-
- 29,850	

4,000
-
-
-
- 60,000	

-
-
-
-
-
-	

4,000
-
-
-
- 70,000	

-
-
-
-
- 10,000		19.21%	

12,000
-
-
-
- 72,000			
SE
60300
60310
60320
60330
60340
60350	ENVIRONMENTAL
Lake maintenance for the lakes outside communities General consulting
Water quality monitoring
Mitigation monitoring and maintenance Littoral Shelf Plantings
Conservation Areas Exotic Species Removal							
0%

17%	
4,000
-
-
-
- 80,000		
(8,000)
-
-
-
- 8,000	
-66.67%

11.11%	
Subtotal Environmental	64,000	29,850	64,000	-	74,000	10,000	16%	84,000	84,000	-	0.00%	
									4.88%				
SE	UTILITIES												
60400	FLORIDA POWER & LIGHT	1,000	380	800	(200)	1,000	-	0%	1,000	1,200	(200)	-16.67%	
60410	Manatee County	-	-	-	-	-	-		-	-	-		
Subtotal Utilities	1,000	380	800	(200)	1,000	-	0%	1,000	1,200	(200) -16.67%	

60600
60610
60611
60620
60630
60640
60645
60650
60655
60660	OTHER MAINTENANCE: SE SECTOR
Roads and sidewalks Stormwater System & Drainage Storm Damage and Clean Up Sanitary Sewer
Street Light Repair Hardscapes
Signs
Miscellaneous Maintenance Centralized irrigation system Waste Management	
2,000
20,000

5,000
- 10,000
- 1,200
400
-	
- 5,100
-
-
- 6,635
318
-
-
-	
- 20,000
- 500
- 10,000
318
1,200
400
-	
(2,000)
-
- (4,500)
-
- 318
-
-
-	
2,000
20,000
- 5,000
- 10,000
- 1,200
400
-	
-
-
-
-
-
-
-
-
-
-	
0%
0%

0%

0%

0%
0%	0.06%
2,000
20,000
- 5,000
- 10,000
- 1,200
400
-	
2,400
22,000
- 6,000
- 12,000
- 1,440
480
-	
(400)  -16.67%
(2,000)   -9.09%
-
(1,000)  -16.67%
-
(2,000)  -16.67%
-
(240)  -16.67%
(80)  -16.67%
-	
Subtotal	38,600	12,053	32,418	(6,182)	38,600	-	0%	38,600	44,320	(5,720) -12.91%	
								2.24%			
SE	TOTAL SOUTHEAST SECTOR	1,254,975	602,864	1,228,062	(26,913)	1,676,873	421,899	34%	1,720,873	1,577,970	142,904	9.06%	

Acct#	
EXPENSES	
Budget FY2019	
YTD 3/31/2019	
Forecast 9/30/2019	
Variance vs. Budget	Preliminary Budget FY2020	Prelim. FY2020 Budget vs. Budget 2019	ESTIMATED BUILDOUT (B)	Prior Buildout Estimate	
$ Change		% Change	
						100%			100%			
									100%			
NW	NORTHWEST SECTOR OPERATIONS AND MAINTENANCE BUDGET DETAIL											
Area identified as to the east of LWR Blvd, north of SR 70, south of SR 64 and west of Lorraine Rd.										
	MASTER LANDSCAPING & IRRIGATION MAINTENANCE CONTRACTSᵃ											
60111	White Eagle Blvd from SR 70 to Malachite	23,694	13,801	27,603	3,909	96,000	72,306	305%	96,000	28,433	67,567 237.64%	
60112	Rangeland Pkwy form LWR Blvd to White Eagle	27,093	19,408	34,004	6,911	68,000	40,907	151%	68,000	32,512	35,488 109.16%	
60113	Kent Lake & Lake Bank Maintenance	37,136	18,030	36,054	(1,082)	37,000	(136)	0%	37,000	44,563	(7,563) -16.97%	
60114	Malachite Road; east of White Eagle	18,120	8,796	17,592	(528)	-	(18,120)	-100%	18,120	21,744	(3,624) -16.67%	
60115	44th Ave from Rosedale to White Eagle	34,089	18,283	42,082	7,993	85,000	50,911	149%	84,000	40,907	43,093 105.35%	
60116	Malachite Road from LWR Blvd. to White Eagle	12,978	7,547	15,094	2,116	30,000	17,022	131%	30,000	15,574	14,426 92.63%	
60117	White Eagle from Rangleland to 44th Ave	10,296	5,984	11,967	1,671	-	(10,296)	-100%	-	12,355	(12,355) -100.00%	
60118	Lake Bank mowing	15,450	7,500	15,000	(450)	15,450	-	0%	15,450	18,540	(3,090) -16.67%	
60119	Rangeland Pkwy from White Eagle to Esplanade	9,072	15,804	22,800	13,728	22,800	13,728	151%	22,800	10,887	11,913 109.43%	
60120	LWR Blvd.; SR70 to Malachite	43,436	23,394	46,791	3,355	48,000	4,564	11%	48,000	52,124	(4,124) -7.91%	
60121	LWR Blvd.; Malachite to SR64	81,605	43,958	87,908	6,303	88,000	6,395	8%	88,000	97,926	(9,926) -10.14%	
60132	White Eagle from Malachite to 44th Ave	47,380	20,614	41,712	(5,668)	42,000	(5,380)	-11%	42,000	56,856	(14,856) -26.13%	
60133	White Eagle from 44th Ave to Gatewood Dr.	164,800	80,841	161,688	(3,112)	164,800	-	0%	164,800	197,760	(32,960) -16.67%	
60134	White Eagle from Gatewood Dr. to SR64	-	-	-	-	20,000	20,000		20,000	28,000	(8,000) -28.57%	
60135	Silver Palm Blvd.	5,974	4,029	7,440	1,466	7,440	1,466	25%	7,440	7,169	271	3.78%	
60136	Wood Fern Trail	53,560	24,953	49,908	(3,652)	53,560	-	0%	53,560	64,272	(10,712) -16.67%	
60137	Gatewood Drive	51,500	24,245	48,492	(3,008)	48,500	(3,000)	-6%	48,500	61,800	(13,300) -21.52%	
60138	44th Ave from White Eagle Blvd. to Indigo	36,050	15,020	36,060	10	40,000	3,950	11%	40,000	43,260	(3,260)	-7.54%	
60139	44th Ave from Indigo to Lorraine	31,386	5,751	13,800	(17,586)	14,000	(17,386)	-55%	14,000	37,663	(23,663) -62.83%	
60141	Silver Falls Run	10,421	12,430	28,950	18,529	30,000	19,579	188%	30,000	12,505	17,495 139.90%	
60142	117th Street	86,600	36,486	79,788	(6,812)	80,000	(6,600)	-8%	80,000	88,000	(8,000)	
60143	Rangeland Pkwy. from Esplanade to Lorraine	-	-	-	-	26,000	26,000		26,000	80,000	(54,000)	
NEW	Newhaven Blvd.	-	-	-	-	-	-		60,000	-	60,000	
Subtotal Landscape Maintenance Contracts	800,640	406,874	824,733	24,093	1,016,550	215,910	27%	1,093,670	1,052,849	40,821 3.88%	

NW
60200
60210
60215
60230	
NON CONTRACTED LANDSCAPING & IRRIGATION REPAIRS
Irrigation Repairs Plant replacement Mulching
Tree Trimming
Other Landscape Maintenance; Non-Contracted	

55,000
42,000
98,000
76,000
4,000	

35,090
28,742
69,462
23,143
3,914	

60,000
42,000
98,000
60,000
6,000	

5,000
-
- (16,000)
2,000	

62,000
42,000
100,000
64,000
8,000	

7,000
- 2,000
(12,000)
4,000	

13%
0%
2%
-16%
100%	58%	

75,000
62,000
106,000
104,180
4,800		
									62,000
42,000
100,000
64,000
12,000		(13,000)   -17.33%
(20,000)   -32.26%
(6,000)   -5.66%
(40,180)   -38.57%
7,200	
Subtotal Non-Contracted Landscaping	275,000	160,351	266,000	(9,000)	276,000	1,000	0%	280,000	351,980	(71,980) -20.45%	

8,610
200,000	

4,310
115,322	

8,610
250,000	
- 50,000	

8,610
310,000	
- 110,000	

0%
55%	15%	

10,332
250,000		
NW
60250
60255	IRRIGATION FOR MASTER LANDSCAPING
Monthly Meter Charge Utilization								
8,610
310,000		
(1,722)  -16.67%
60,000    24.00%	
Subtotal Irrigation	208,610	119,632	258,610	50,000	318,610	110,000	53%	318,610	260,332	58,278 22.39%	

26,000
-
-
-
- 40,000	

12,576
-
-
- 2,560
24,197	

26,000
-
-
-
- 48,000	

-
-
-
-
- 8,000	

32,000
-
-
-
- 75,000	

6,000
-
-
-
- 35,000		17%	

28,000
-
-
-
- 46,000		
NW
60300
60310
60320
60330
60340
60350	ENVIRONMENTAL
Lake maintenance for the lakes outside communities General consulting
Water quality monitoring
Mitigation monitoring and maintenance Littoral Shelf Plantings
Conservation Areas Exotic Species Removal							
23%

88%	
32,000
-
-
-
- 100,000		
4,000    14.29%
-
-
-
-
54,000   117.39%	
Subtotal Environmental	66,000	39,333	74,000	8,000	107,000	41,000	62%	132,000	74,000	58,000 78.38%	

Acct#

NW
60400
60410
60420	
EXPENSES

UTILITIES (Estimated via historical usage and projected additional area)
FLORIDA POWER & LIGHT
Manatee County Utilities PEACE RIVER	
Budget FY2019	
YTD 3/31/2019	
Forecast 9/30/2019	
Variance vs. Budget	Preliminary Budget FY2020	Prelim. FY2020 Budget vs. Budget 2019	ESTIMATED BUILDOUT (B)	Prior Buildout Estimate	
$ Change		% Change	
						100%			100%				
									7%				
		1,200	417	1,200	-	900	(300)	-25%	900	1,440	(540)	-37.50%	
		- 2,000	- 11,063	- 23,000	- 21,000	- 24,000	- 22,000	
1100%	- 24,000	-
2,400	- 21,600	
900.00%	
Subtotal Utilities	3,200	11,480	24,200	21,000	24,900	21,700	678%	24,900	3,840	21,060 548.44%	

60600
60610
60611
60620
60630
60640
60645
60650
60655
60660	OTHER MAINTENANCE: NW SECTOR
Roads and sidewalks Stormwater System & Drainage Storm Damage and Clean Up Sanitary Sewer
Street Light Repair Hardscapes
Signs
Miscellaneous Maintenance Centralized irrigation system
Waste Management	
- 14,000
- 1,000
- 12,000
- 1,200
-
-	
- 6,292
-
-
- 10,340
1,330
465
-
-	
- 14,000
-
-
- 20,000
1,330
1,200
-
-	
-
-
- (1,000)
- 8,000
1,330
-
-
-	
- 14,000
- 1,000
- 32,000
4,000
1,200
-
-	
-
-
-
-
- 20,000
4,000
-
-
-	

0%

0%

167%

0%	1%
- 14,000
- 1,000
- 32,000
4,000
1,200
-
-	
- 20,000
- 2,000
- 12,000
- 1,440
-
-	
- (6,000)
- (1,000)
- 20,000
4,000
(240)
-
-	

-30.00%

-50.00%

166.67%

-16.67%	
Subtotal Other Maintenance	28,200	18,427	36,530	8,330	52,200	24,000	85%	52,200	35,440	16,760 47.29%	
								3%			
NW	TOTAL NORTHWEST SECTOR	1,381,650	756,097	1,484,073	102,423	1,795,260	413,610	30%	1,901,380	1,778,441	122,939	6.91%	

Acct#	
EXPENSES	
Budget FY2019	
YTD 3/31/2019	
Forecast 9/30/2019	
Variance vs. Budget	Preliminary Budget FY2020	Prelim. FY2020 Budget vs. Budget 2019	ESTIMATED BUILDOUT (B)	Prior Buildout Estimate	
$ Change		% Change	
						100%			100%				
									100%				
NE	NORTHEAST SECTOR OPERATIONS AND MAINTENANCE BUDGET DETAIL												
Area identified as to the east of Lorraine Rd., north of SR 70, south of SR 64 and west to District boundary.										
	MASTER LANDSCAPING & IRRIGATION MAINTENANCEᵃ												
60119	Post Blvd & SR70 Intersection	24,740	12,827	25,656	916	24,740	-	0%	24,740	29,688	(4,948)	-16.67%	
60130	59th Avenue Lorraine Rd to Post Blvd	17,032	3,769	7,538	(9,493)	17,032	-	0%	17,032	20,438	(3,406)	-16.67%	
60131	NE, State Road 70 & Lorraine	5,830	-	5,830	0	5,830	-	0%	5,830	6,996	(1,166)	-16.67%	
60132	Uihlein Road; SR70 to 44th Ave.	62,000	29,399	98,400	36,400	173,473	111,473	180%	173,473	74,400	99,073	133.16%	
60133	Lakebank and Swale Mowing	1,200	600	1,200	-	1,200	-	0%	1,200	1,400	(200)		
60134	Lorraine Corners	92,000	46,145	92,135	135	92,000	-	0%	92,000	110,400	(18,400)	-16.67%	
NEW	Post Blvd. from 59th Ave to Rangeland Pkwy.	-	-	-	-	40,000	40,000		40,000	-	40,000		
60140	44th Ave from Lorraine to Bourneside	32,000	-	-	(32,000)	140,000	108,000	338%	140,000	38,400	101,600	264.58%	
NEW	Uihlein Rd.; 44th Ave. to SR64	-	-	-	-	70,910	70,910		70,910	-	70,910		
NEW	Rangeland Pkwy.; Uihlein Rd. to Bourneside Blvd.	-	-	-	-	120,000	120,000		120,000	-	120,000		
NEW	Bourneside Blvd.; SR70 to SR64	-	-	-	-	127,379	127,379		127,379	-	127,379		
NEW	Rangeland Pkwy.; Lorraine Rd. to Uihlein Rd.	-	-	-	-	84,000	84,000		84,000	-	84,000		
	Future Roads	60,000	-	-	(60,000)	50,000	(10,000)	-17%	75,000	500,000	(425,000)	-85.00%	
Subtotal Landscape Maintenance Contracts	294,801	92,740	230,759	(64,042)	946,563	651,762	221%	971,563	781,722	189,841 24.28%	
NE	NON CONTRACTED LANDSCAPING & IRRIGATION REPAIRS								63%				
60200	Irrigation Repairs	15,000	9,024	15,000	-	46,000	31,000	207%	46,000	40,000	6,000	15.00%	
60210	Plant replacement	10,000	12,806	14,000	4,000	40,000	30,000	300%	40,000	30,000	10,000	33.33%	
60215	Mulching	10,000	15,730	16,000	6,000	34,000	24,000	240%	34,000	20,000	14,000	70.00%	
60230	Tree Trimming	5,500	408	1,800	(3,700)	76,000	70,500	1282%	76,000	18,000	58,000	322.22%	
new	Other Landscape Maintenance; Non-Contracted	2,000	-	-	(2,000)	6,000	4,000	200%	10,000	2,400	7,600		
Subtotal Non-Contracted Landscaping	42,500	37,968	46,800	4,300	202,000	159,500	375%	206,000	110,400	95,600 86.59%	
NE	IRRIGATION FOR MASTER LANDSCAPING								13%				
60250	Monthly Meter Charge	8,868	4,310	8,868	-	8,868	-	0%	8,868	10,642	(1,774)	-16.67%	
60255	Utilization	40,000	52,383	90,000	50,000	150,000	110,000	275%	200,000	180,000	20,000	11.11%	
Subtotal Irrigation	48,868	56,693	98,868	50,000	158,868	110,000	225%	208,868	190,642	18,226	9.56%	
NE
60300
60310
60320
60330
60340
60350	ENVIRONMENTAL
Lake maintenance for the lakes outside communities General consulting
Water quality monitoring
Annual Wetland Preservation Area Monitoring Littoral Shelf Plantings and Maintenance Conservation Areas Exotic Species Removal	
16,000
-
- 800
1,500
12,000	
6,000
-
-
-
- 4,050	
14,000
-
-
-
- 8,000	
(2,000)
-
- (800)
(1,500)
(4,000)	
16,000
-
- 800
1,500
12,000	
-
-
-
-
-
-	
0%

0%
0%
0%	13%
40,000
-
- 800
1,500
80,000	
40,000
-
- 960
1,800
14,400	
-
-
- (160)
(300)
65,600	
0.00%

-16.67%
-16.67%
455.56%	
Subtotal Environmental	30,300	10,050	22,000	(8,300)	30,300	-	0%	122,300	57,160	65,140 113.96%	
NE
60400
60410
60420	UTILITIES (Estimated via historical usage and projected additional area)
FLORIDA POWER & LIGHT
Manatee County PEACE RIVER	
- 100
1,273	
-
- 1,122	
-
- 2,400	
- (100)
1,127	
- 100
1,273	
-
-
-	

0%
0%	8%
900
100
1,273	
1,440
- 1,528	
(540)
100
(255)	
-37.50%

-16.68%	
Subtotal Utilities	1,373	1,122	2,400	1,027	1,373	-	0%	2,273	2,968	(695) -23.41%	

NE
60600
60610
60611
60620
60630
60640
60645
60650	
OTHER MAINTENANCE: NE SECTOR
Roads and sidewalks Stormwater System & Drainage Storm Damage and Clean Up Sanitary Sewer
Street Light Repair Hardscapes
Signs
Miscellaneous Maintenance	

- 12,000
- 10,000
- 3,200
-
1,200	

- 3,000
- 900
- 1,058
-
-	

- 12,000
- 6,000
- 3,200
-
1,200	

-
-
- (4,000)
-
-
-
-	

- 12,000
- 10,000
- 3,200
-
1,200	

-
-
-
-
-
-
-
-	

0%

0%

0%

0%	0%

- 25,000
- 10,000
- 5,000
-
1,200	

- 25,000
- 12,000
- 5,000
-
1,400	

-
-
- (2,000)
-
-
- (200)	

0.00%

-16.67%

0.00%

-14.29%	
Subtotal	26,400	4,958	22,400	(4,000)	26,400	-	0%	41,200	43,400	(2,200) -5.07%	
								3%			
TOTAL EXPENSES NORTHEAST SECTOR	444,242	203,531	423,227	(21,015)	1,365,504	921,262	207%	1,552,204	1,186,292	365,912 30.85%	

Acct#	
EXPENSES	
Budget FY2019	
YTD 3/31/2019	
Forecast 9/30/2019	
Variance vs. Budget	Preliminary Budget FY2020	Prelim. FY2020 Budget vs. Budget 2019	ESTIMATED BUILDOUT (B)	Prior Buildout Estimate	
$ Change		% Change	
						100%			100%				
									100%				
	SARASOTA SECTOR OPERATIONS AND MAINTENANCE BUDGET DETAIL												
	Area identified as Sarasota County lands within the District												
SRQ	MASTER LANDSCAPING & IRRIGATION REPAIRS CONTRACTSᵃ												
60101	Deer Drive from U.Pkwy. to LWR Blvd.	216,497	68,678	136,354	(80,143)	160,000	(56,497)	-26%	160,000	259,796	(99,796)	-38.41%	
60102	Lorraine Road from U.Pkwy. to Southern Boundary	172,580	85,722	169,976	(2,604)	172,000	(580)	0%	172,000	207,096	(35,096)	-16.95%	
60103	LWR Blvd. from Communications Pkwy. to Southern Boundary	151,700	60,108	119,370	(32,330)	120,000	(31,700)	-21%	120,000	182,040	(62,040)	-34.08%	
60104	Lorraine Road; South Boundary to Fruitville Road	41,200	20,562	41,124	(76)	41,200	-	0%	41,200	-	41,200	#DIV/0!	
	Future Roads	-	-		-	200,000	200,000		350,000	500,000	(150,000)	-30.00%	
Subtotal Landscape Maintenance Contracts	581,977	235,070	466,824	(115,153)	693,200	111,224	19%	843,200	1,148,932	(305,732) -26.61%	

20,000
15,000
32,450
33,991
4,000	

1,983
7,038
39,394
- 5,310	

20,000
15,000
42,000
33,991
5,400	

-
- 9,550
-
1,400	

20,000
30,000
60,000
40,000
10,000	

- 15,000
27,550
6,009
6,000	

0%
100%
85%
18%
150%	53.43%	

65,000
40,000
80,000
80,000
6,000			
SRQ
60200
60210
60215
60230	NON CONTRACTED LANDSCAPING & IRRIGATION REPAIRS
Irrigation Repairs Plant replacement Mulching
Tree Trimming
Other Landscape Maintenance; Non-Contracted								
26,000
40,000
80,000
80,000
12,000		
(39,000)
-
-
- 6,000	
-60.00%
0.00%
0.00%
0.00%	
Subtotal Non-Contracted Landscaping	105,441	53,725	116,391	10,950	160,000	54,559	52%	238,000	271,000	(33,000) -12.18%	

8,868
60,000	

4,310
39,636	

8,868
80,000	

- 20,000	

8,868
200,000	

- 140,000	

0%
233%	15.08%	

10,642
200,000			
SRQ
60250
60255	IRRIGATION FOR MASTER LANDSCAPING
Monthly Meter Charge Utilization								
8,868
300,000		
(1,774)
100,000	
-16.67%
50.00%	
Subtotal Irrigation	68,868	43,946	88,868	20,000	208,868	140,000	203%	308,868	210,642	98,226	46.63%	

10,000
-
-
-
- 12,000	

5,700
-
-
-
- 8,040	

12,000
-
-
-
- 12,000	

2,000
-
-
-
-
-	

12,000
-
-
- 2,200
16,000	

2,000
-
-
- 2,200
4,000		19.57%	

20,000
-
-
-
- 20,000			
SRQ
60300
60310
60320
60330
60340
60350	ENVIRONMENTAL
Lake maintenance for the lakes outside communities General consulting
Water quality monitoring
Mitigation monitoring and maintenance Littoral Shelf Plantings
Conservation Areas Exotic Species Removal							
20%

33%	
20,000
-
-
- 2,200
75,000		
-
-
-
- 2,200
55,000	
0.00%

275.00%	
Subtotal Environmental	22,000	13,740	24,000	2,000	30,200	8,200	37%	97,200	40,000	57,200	143.00%	

1,200
-	

13,951
-	

27,500
-	

26,300
-	

28,000
-	

26,800
-		6.16%	

2,000
-	

32,000 1600.00%
2,000	
SRQ
60400
60420	UTILITIES (Estimated via historical usage and projected additional area)
FLORIDA POWER & LIGHT
Manatee County							
2233%	
34,000
2,000			
Subtotal Utilities	1,200	13,951	27,500	26,300	28,000	26,800	2233%	36,000	2,000	34,000 1700.00%	

-
-
-
-
- 1,519
215	

8,000
-
-
- 4,000
2,000	

- (4,000)
-
-
- (2,000)
-		

-
-
- 2,000
- 4,000
-		2.28%	

- 40,000
- 6,000
- 8,225
2,742			
SRQ
60600
60610
60611
60620
60630
60640
60650	OTHER MAINTENANCE:
Roads and sidewalks Stormwater System & Drainage Storm Damage and Clean Up Sanitary Sewer
Street Light Repair Hardscapes and Signs
Miscellaneous Maintenance	
- 12,000

-
- 6,000
2,000				
- 12,000

2,000
- 10,000
2,000		

0%

67%
0%	
- 26,000
- 6,000
- 20,000
2,742		
- (14,000)
-
-
- 11,775
0	

-35.00%

0.00%

143.17%
0.01%	
Subtotal	20,000	1,734	14,000	(6,000)	26,000	6,000	30%	54,742	56,966	(2,224)	-3.90%	
								3.47%			
TOTAL SARASOTA SECTOR	799,485	362,166	737,583	(61,903)	1,146,268	346,783	43%	1,578,010	1,729,540	(151,530)	-8.76%	

EXPENSES
Acct#

DISTRICT OPERATIONS AND MANAGEMENT APPORTIONED BY EDU's
A. PERSONNEL
60724 Operations and Maintenance Management Fee - LWRD Personnel	
Budget FY2019	
YTD 3/31/2019	
Forecast 9/30/2019	
Variance vs. Budget	Preliminary Budget FY2020	Prelim. FY2020 Budget vs. Budget 2019	ESTIMATED BUILDOUT (B)	Prior Buildout Estimate	
$ Change		% Change	

268,000	

147,507	

297,510	

29,510	100%

300,000	

32,000	

12%	100%
100.00%

500,250	

500,000	

250	

0.05%	
Subtotal	268,000	147,507	297,510	29,510	300,000	32,000	12%	500,250	500,000	250	0.05%	
B. OPERATIONS 60725    Uniforms 60730 Job Materials 60735 Phone/Radio 60740 Office Supplies 60745   Fuel & Oil 60750 Equipment
60755 Tools/Machinery
60760 Supplies
60765 Employment Advertising
60770 Miscellaneous Maintenance Maintenance Facility Rent Vehicle R&M
Vehicle Leases Waste Management
Centralized Irrigation System	
-	
605	
2,000	
2,000	
2,000	
2,000		
5,000	
5,079	
(79)	
-1.56%	
	6,000	722	1,000	(5,000)	6,000	-	0%	20,000	20,000	-	0.00%	
	-	-	-	-	-	-		12,000	12,000	-	0.00%	
	-	-	-	-	-	-		5,000	5,000	-	0.00%	
	12,400	97	100	(12,300)	12,400	-	0%	50,000	50,000	-	0.00%	
	-	591	600	600	-	-		10,000	10,000	-	0.00%	
	500	353	500	-	500	-	0%	10,000	10,000	-	0.00%	
	500	-	-	(500)	500	-	0%	10,000	10,000	-	0.00%	
	-	-	-	-	-	-		2,000	2,000	-	0.00%	
	2,000	1,720	2,000	-	2,000	-	0%	24,000	24,000	-	0.00%	
	-	-	-	-	-	-		24,000	24,000	-	0.00%	
	1,200	-	-	(1,200)	1,200	-	0%	10,000	5,000	5,000	100.00%	
	7,800	-	-	(7,800)	7,800	-	0%	36,000	36,000	-	0.00%	
	1,600	13	13	(1,587)	3,000	1,400	88%	5,000	5,000	-	0.00%	
	-	-	-	-	-	-		2,000	2,000	-	0.00%	
Subtotal	32,000	4,102	6,213	(25,787)	35,400	3,400	11%	225,000	220,079	4,921	98.44%	
C. COMMUNITY SERVICES PARKS & AMENITIES ADMIN. FEE	-	-	-	-	96,240	96,240		317,088	-	317,088	198.44%	
Total Operations and Management	300,000	151,609	303,723	3,723	431,640	131,640	44%	1,042,338	720,079	322,259	296.94%	

60791
60792
60793
NEW	
PARKS; APPORTIONED BY EDU'S
Robert N Gardner Park at Lakewood Centre James L Patton Park at Kent Lake
Roger A Hill Park at White Eagle Blvd.
Stewardship District Park at Waterside Place	

150,000
60,000
12,000
-	

141,669
53,088
-
-	

264,000
60,000
12,000
-	

114,000
-
-
-	

276,000
60,000
12,000
-	

126,000
-
-
-	

84%
0%
0%	

264,000
60,000
60,000
350,000	

200,000
60,000
60,000
-	

64,000
-
- 350,000	

32.00%
0.00%
0.00%	
Total Parks	222,000	194,756	336,000	114,000	348,000	126,000	57%	734,000	320,000	414,000	129.38%	
											
TOTAL MAINTENANCE	4,402,352	2,271,023	4,512,668	110,316	6,763,545	2,361,193	54%	8,528,805	7,312,321	1,216,484	16.64%	
	ADMINISTRATIVE												
70000	Insurance	8,000	7,500	7,500	(500)	8,000	-	0%	20,000	42,517	(22,517)	-52.96%	
70010	Meeting Advertising	15,000	4,669	15,000	-	15,000	-	0%	20,000	42,517	(22,517)	-52.96%	
70020	Real Estate Taxes	-	-	-	-	-	-		-	-	-		
70030	Engineering	70,000	32,291	64,000	(6,000)	70,000	-	0%	75,000	75,000	-	0.00%	
70040	Bond Agent Fees	30,000	-	30,000	-	30,000	-	0%	75,000	75,000	-	0.00%	
70050	Legal Fees	100,000	42,283	90,000	(10,000)	100,000	-	0%	125,000	125,000	-	0.00%	
70060	Accounting	32,000	11,005	30,000	(2,000)	32,000	-	0%	75,000	125,000	(50,000)	-40.00%	
70065	Lien Book and Tax Roll	139,000	31,000	150,000	11,000	150,000	11,000	8%	150,000	150,000	-	0.00%	
70070	Annual Audit	17,000	10,000	10,000	(7,000)	17,000	-	0%	50,000	75,000	(25,000)	-33.33%	
70080	Trustee	100,000	25,175	70,000	(30,000)	100,000	-	0%	150,000	200,000	(50,000)	-25.00%	
70090	Manager	85,000	111,776	174,776	89,776	108,000	23,000	27%	150,000	200,000	(50,000)	-25.00%	
70100	Travel and Per Diem	-	-	-	-	-	-		-	-	-		
70110	Telephone	-	-	-	-	-	-		-	-	-		
70120	Postage	1,500	-	-	(1,500)	1,500	-	0%	2,657	2,657	-	0.00%	
70150	Office Supplies	1,500	323	500	(1,000)	1,500	-	0%	1,500	-	1,500		
70160	Other Current Charges	3,810	39	40	(3,770)	3,810	-	0%	10,629	10,629	-	0.00%	
70170	Dues, Licenses, Subscriptions	500	175	175	(325)	22,000	21,500	4300%	22,000	1,063	20,937	1969.78%	
70180	Capital Outlay	-	-	-	-	-	-		-	-	-		
70190	Meeting Room Rent	-	-	-	-	-	-		-	-	-		
70200	Outside Services; County Administrative Fee	-	-	-	-	-	-		-	-	-		
TOTAL ADMINISTRATIVE	603,310	276,236	641,991	38,681	658,810	55,500	9%	926,786	1,124,383	(197,596)	-17.57%	
RESERVES	-				152,578	152,578		276,375	200,000	76,375	38.19%	
EXPENSES GRAND TOTAL	5,005,662	2,547,259	5,154,659	148,997	7,574,933	2,569,271	51%	9,731,966	8,636,704	1,095,262	12.68%	

EXPENSES	
Budget FY2019	
YTD 3/31/2019	
Forecast 9/30/2019	
Variance vs. Budget	Preliminary Budget FY2020	Prelim. FY2020 Budget vs. Budget 2019	ESTIMATED BUILDOUT (B)	Prior Buildout Estimate	
$ Change		% Change	
					100%			100%				
REVENUES - % FROM PLATTED LOTS								100%				
ASSESSMENTS FROM PLATTED LOTSᵇ	2,918,102	2,881,453	2,918,102	-	4,153,085	1,234,983	42%	9,731,966	8,636,704	1,095,262	12.68%	
ASSESSMENTS FROM UNPLATTED	131,204	150,738	150,738	19,534	186,747	55,543	42%			-		
LANDOWNER CONTRIBUTIONS (A)	1,956,356	470,000	2,085,819	129,463	3,235,102	1,278,746	65%			-		
INTEREST INCOME		-	-	-	-	-				-		
OTHER INCOME		-	-	-	-	-				-		
TOTAL	5,005,662	3,502,191	5,154,659	148,997	7,574,933	2,569,271	51%	9,731,966	8,636,704	1,095,262	12.68%	
						TOTAL CHANGE VS. PRIOR YEAR	1,095,262			
OPERATING SURPLUS (DEFICIT)	0	954,932	0	0	0	0		0	0			

Acct#

INCLUDES LOTS NOT PLATTED AT BEGINNING OF YEAR AND SOLD TO A THIRD PARTY DURING YEAR.

ᵃLandscape contracts are inclusive of turf maint., shrub & ornamental tree maint., bed maint., and irrigation system programming and inspection. Contracts are not inclusive of palm and canopy tree pruning, mulch, annuals or irrigation repairs.

ᵇBuildout assessments budget includes a cushion to account for county administration and collection fees equating to 3% and up to 4% for discounts aloud.
BUILDOUT AMOUNTS ARE IN CURRENT YEAR $. FINAL BUILDOUT AMOUNTS MAY BE SIGNIFICANTLY DIFFERENT DUE TO ECONOMIC FACTORS AND PLAN CHANGES

ADOPTED AND APPROVED BY RESOLUTION 2019-28 OF THE LAKEWOOD RANCH STEWARDSHIP DISTRICT BOARD OF SUPERVISORS WHILE IN REGULAR SESSION WITH A QUORUM PRESENT AND VOTING ON JUNE 7, 2019

BY:	 CHAIRMAN/VICE-CHAIRMAN

LAKEWOOD RANCH STEWARDSHIP DISTRICT
FOR OCTOBER 1, 2019 TO SEPTEMBER 30, 2020 DISTRICT OPERATION & MAINTENANCE BUDGET BUDGET SUMMARY SCHEDULE SHOWING COST PER UNIT & ASSESSMENT PER UNIT

2019 ESTIMATE	
PRELIMINARY BUDGET 2020		
UNITS	
AVG. PER UNIT	ESTIMATED BUILDOUT BUDGET	
UNITS	
AVG. PER UNIT	
PRIO R  YEAR	
CHANGE VS. PRIOR YEAR	
SOURCES OF FUNDS								
ASSESSMENTS - PLATTED PARCELS		$2,918,102	$4,153,085		10,937	$380	$9,731,966	25,633	$380	$326	$54	
	SE							
	NW							
	NE							
	SRQ							
		
ASSESSMENTS - UNPLATTED LAND	
SE NW NE SRQ	$150,738	$186,747			$0	
		
LANDOWNER CONTRIBUTIONS - SMR		$2,085,819	$3,235,102			$0		
	SE						
	NW						
	NE						
	SRQ						
		
TOTAL SOURCES		$5,154,659	$7,574,933		10,937	$380	$9,731,966	25,633	$380	$326	$54	
SE NW NE
SRQ		

USES OF FUNDS			

Variance	

Variance Notes:				
SOUTHEAST SECTOR		$1,228,062	$1,676,873	$448,811	additional landscaping & irrigation consumption	1,720,873	4,058	$424	$387	$37	
NORTHWEST SECTOR		$1,484,073	$1,795,260	$311,187	additional landscaping, irrigation consumption & conservation area maint.	1,901,380	8,638	$220	$210	$10	
NORTHEAST SECTOR		$423,227	$1,365,504	$942,277	additional landscaping, irrigation consumption & conservation area maint.	1,552,204	9,409	$165	$117	$48	
SARASOTA SECTOR		$737,583	$1,146,268	$408,685	additional landscaping, irrigation consumption & conservation area maint.	1,578,010	3,527	$447	$429	$18	
OPERATIONS & MANAGEMENT		$303,723	$335,400	$31,677		725,250	25,633	$28	$27	$1	
COMM. SERV. MGMT. FEE		$0	$96,240	$96,240		317,088	25,633	$12	$0	$12	
PARKS		$336,000	$348,000	$12,000		734,000	25,633	$29	$12	$17	
GENERAL RESERVES		$0	$152,578	$152,578	parks	276,375	25,633	$11	$8	$3	
ADMINISTRATIVE		$641,991	$658,810	$16,819		926,786	25,633	$36	$42	($6)	
TOTAL USES		$5,154,659	$7,574,933	$2,420,274		$ 9,731,966	25,633	$380	$325	$55	
					
NET ASSESSMENT PER UNIT BY SECTOR:			
NET ADDITION TO FUND BALANCE		$0	$0			SOUTHEAST SECTOR TOTAL	$540	$476	$64	
					NORTHWEST SECTOR TOTAL	$336	$299	$37	
USES CHANGE VS PRIOR YEAR		$2,420,274			NORTHEAST SECTOR TOTAL	$281	$206	$75	
PERCENTAGE CHANGE		47%			SARASOTA SECTOR TOTAL	$564	$519	$45	

Current year per unit assessments are the projected amount of the per unit annual assessments at buildout. The per unit annual assessment at buildout is based on estimated EDU's at buildout and acres within the District. Please see detail schedules on both and please note the following:
BUILDOUT AMOUNTS ARE ESTIMATES BASED ON INFORMATION AT THE TIME OF THIS SCHEDULE USING NEW BUDGET YEAR $.

ACTUAL BUILDOUT AMOUNTS MAY BE SIGNIFICANTLY DIFFERENT FROM THE AMOUNTS SHOWN ABOVE DUE TO CHANGES IN LAND PLANS, EDU's, INFLATION

12%

AVG. PER UNIT	PRIOR YEAR	
7% GROSS UP:	7% GROSS UP:	
$578	$515	
$360	$318	
$301	$232	
$603	$589	

12%

32%

8%

Page 9

Billable Acres

450

643
339
83

1.32

Acres

0.95
0.78

0.71

1.09
1.46

187

1.34

100

150

21
93
304
74.4

65

85.5

1.32
1.4
2.99

Acres
1292

992
250
278

16.94
11

2.54
0.865
1.136
3.26

Acres

8.58
5.09
5.01

LAKEWOOD RANCH STEWARDSHIP DISTRICT
ESTIMATED EDU's BY COMMUNITY AND ALLOCATION OF OPERATIONS & MAINTENANCE BUDGET - BASED ON PROJECTIONS AS OF MAY 2019 FOR OCTOBER 2019 TO SEPTEMBER 2020 DISTRICT OPERATIONS & MAINTENANCE BUDGET
ESTIMATED EDU'S						Revenue based on # of EDU	
	PROJECTED BUILDOUT EDU'S		PLATTED AS OF MAY 2019		W/IN		ASSESSMENTS		
	AS OF MAY 2019	% OF
TOTAL	BUDGET YEAR EDU'S	% OF
TOTAL	SECTOR
%'S	PER
EDU	REVENUE       PRIOR
TOTAL           YEAR	VAR	
	RES UNITS RES EDU COMM EDU	TOTAL		RES UNITS	RES EDU COMM	TOTAL						
SE SECTOR												
LAKE CLUB - SF - Phase 1 & 2	328	328	328	1.28%	328	328	328	3.00%	11%		177,217		
LAKE CLUB - SF - Phase 3 (Stock)	68	68	68	0.27%	68	68	68	0.62%	2%		36,740		
LAKE CLUB - SF - Phase 4 - Stock Development - Genoa	312	312	312	1.22%	104	104	104	0.95%	4%		56,191		
CC EAST - SF	1,260	1,260	1,260	4.92%	1,260	1,260	1,260	11.52%	44%		680,774		
CC EAST - MF - "Clubside"	92	46	46	0.18%	92	46	46	0.42%	2%		24,854		
CCE EAST GOLF COURSE	18	18	0.07%		18	18	0.16%	1%		9,725		
DEL WEBB - Pulte Homes	1,300	1,300	1,300	5.07%	855	855	855	7.82%	30%		461,954		
Toll Brothers	450	450	450	1.76%	151	151	151	1.38%	5%		81,585		
Diocese of Sarasota - Catholic School Site 83 acres	40	40	0.16%			0	0.00%	0%		0		
SMR Building	12	12	0.05%		12	12	0.11%	0%		6,484		
NE Corner of Lorraine & Upkwy:												
North American Properties - ID 588601559 - 60,320 sq ft	24	24	0.09%		24	24	0.22%	1%		13,036		
North American Properties - ID 588601459 - 16,950 sq ft	7	7	0.03%		7	7	0.06%	0%		3,663		
PROFESSIONAL RESOURCE DEV. - ID 588600979 - 4,000 sq ft	2	2	0.01%		2	2	0.01%	0%		864		
North American Properties - ID 588601509 - vacant 1.32 acres	2	2	0.01%			0	0.00%	0%		0		
REMAINING EAST LAND - (East of Bourn.)	150	150	20	170	0.66%			0	0.00%	0%		0		
Triangle Parcel - SW corner of Masters & Bournside	20	20	0.08%			0	0.00%	0%		0		
SUBTOTAL	3,960	3,914	144	4,058	15.83%	2,858	2,812	63	2,875	26.28%	100%	$540	$1,553,088 $1,161,425	$391,663	
											25%	
NW SECTOR												
CENTRAL PARK	826	826	826	3.22%	826	826	826	7.55%	15%		277,830		
CENTRAL PARK COMM	60	60	0.23%			0	0.00%	0%		0		
Lakewood Center South / NW Sector:												
ESPLANADE - SF	1024	1024	1,024	3.99%	1,024	1,024	1,024	9.36%	19%		344,429		
ESPLANADE- MF (Townhomes)	176	88	88	0.34%	176	88	88	0.80%	2%		29,599		
BRIDGEWATER - Lennar Homes	275	275	275	1.07%	275	275	275	2.51%	5%		92,498		
HARMONY - SF	142	142	142	0.55%	142	142	142	1.30%	3%		47,763		
HARMONY - MF (Townhomes)	535	268	268	1.04%	535	268	268	2.45%	5%		89,975		
LOST CREEK APARTMENTS	272	136	136	0.53%	272	136	136	1.24%	2%		45,744		
CREEKSIDE APARTMENTS	256	128	128	0.50%	256	128	128	1.17%	2%		43,054		
LUX APARTMENTS - Davis Devlopment-Parcel J	237	119	119	0.46%	237	119	119	1.08%	2%		39,858		
Palisades (DR Horton)	150	150	150	0.59%	150	150	150	1.37%	3%		50,453		
NW Sector Parcel "F"	8	8	0.03%		0	0	0.00%	0%		0		
NW Sector Parcel "K"	4	4	0.02%		0	0	0.00%	0%		0		
Other Commercial Sites - Parcels L to Q	32	32	0.12%		0	0	0.00%	0%		0		
Parcel "F" - off of 44th	76	76	76	0.30%		0	0	0.00%	0%		0		
Parcel "H" - Rangeland & Lorraine	10	10	0.04%		0	0	0.00%	0%		0		
CORE (within LWCS):												
The Green @ LWR - Lot 1 - ID #583207059	2.00	2.00	0.01%		0	0	0.00%	0%		0		
The Green @ LWR - Lot 2 - ID #583207109	2.00	2.00			0	0	0.00%	0%		0		
The Green @ LWR - Lot 3 - ID #583207159	2.85	2.85			3	3	0.03%	0%		959		
The Green @ LWR - Lot 4 - ID #583207209	2.00	2.00			0	0	0.00%	0%		0		
The Green @ LWR - Lot 5 - ID #583207259	1.65	1.65			2	2	0.02%	0%		554		
The Green @ LWR - Lot 6 - ID #583207309	3.00	3.00			0	0	0.00%	0%		0		
The Green @ LWR - Lot 7 - ID #583207359	3.00	3.00			0	0	0.00%	0%		0		
The Green - Lots 8 & 9 are Parking Lots												
The Green @ LWR - Lot 10 - ID #583207509	17.73	17.73			18	18	0.16%	0%		5,964		
The Green @ LWR - Lot 11 - ID #583207559	9.62	9.62			10	10	0.09%	0%		3,236		
The Green @ LWR - Lot 12 - ID #583207609	13.59	13.59			14	14	0.12%	0%		4,571		
Tavistock (Apartments) - ID #583207459	250	125	125	0.49%	250	125	125	1.14%	2%		42,045		
Bridgehouse Holdings (Mercedes Med) - ID# 583202609	22.00	22.00	0.09%		22	22	0.20%	0%		7,401		
LWR MOB (Optimal Outcomes) - ID #583204509	20.00	20.00	0.08%		20	20	0.18%	0%		6,727		
CORE remaining 187 acres	800	800	3.12%			0	0.00%	0%		0		
Lakewood Center North 1 - "Commercial Units":												
SHI II SLD Lakewood Ranch - Unit 1 - ID #583206059	43.54	43.54	0.17%		0	44	44	0.40%	1%		14,644		
LWCN Lot 5	30.00	30.00	0.12%		0	0	0	0.00%	0%		0		
Rangeland MOB 11 - Units 6 & 7 - ID # 583206179	9.58	9.58	0.04%		0	10	10	0.09%	0%		3,223		
JADRO LLC - Unit 8 - ID #583206259	20.00	20.00	0.08%		0	0	0	0.00%	0%		0		
SCATA Realestate - Unit 9 - ID#583206309	8.95	8.95	0.03%		0	9	9	0.08%	0%		3,011		
Rangeland MOB - Unit 10 - ID#583206359	9.84	9.84	0.04%		0	10	10	0.09%	0%		3,308		
Lakewood Center North:												
ARBOR GRANDE - Standard Pacific - SF	183	183	183	0.71%	183	183	183	1.67%	3%		61,553		
ARBOR GRANDE - Standard Pacific - MF	122	61	61	0.24%	122	61	61	0.56%	1%		20,518		
MALLORY PARK - Divosta Homes - SF	328	328	328	1.28%	307	307	307	2.81%	6%		103,261		
MALLORY PARK - Divosta Homes - MF	108	54	54	0.21%	24	12	12	0.11%	0%		4,036		
ECHO LAKE APARTMENTS - Home by Towne	360	180	180	0.70%	360	180	180	1.65%	3%		60,544		
INDIGO - Neal Homes	590	590	590	2.30%	590	590	590	5.39%	11%		198,450		
SAVANNAH - Meritage Homes	475	475	475	1.85%	361	361	361	3.30%	7%		121,425		
Woodleaf Hammock - Homes by Towne - SF	103	103	103	0.40%	91	91	91	0.83%	2%		30,608		
Woodleaf Hammock - Homes by Towne - MF	150	75	75	0.29%	78	39	39	0.36%	1%		13,118		
Future Parcel - NW corner of Lorraine & 44th - 65 acres	200	200	200	0.78%			0	0.00%	0%		0		
Parcel "U" - North of Woodleaf Trl. - Apartments	300	150	150	0.59%			0	0.00%	0%		0		
Parcel "U" - South of Woodleaf Trl. - Apartments	500	250	250	0.98%			0	0.00%	0%		0		
Parcel "U" - South of Woodleaf Trl.	60	60	0.23%			0	0.00%	0%		0		
NW Corner of 44th & White Eagle - Apartments	240	120	120	0.47%			0	0.00%	0%		0		
Parcel "FF" - SE corner of 117th and SR64 - Retail	66	66	0.26%			0	0.00%	0%		0		
Parcel GG, HH, II, JJ, KK, LL - 252,500 Sq Ft - includes future publix	101	101	0.39%			0	0.00%	0%		0		
Parcel GG, HH, II, JJ, KK, LL - Apartments on White Eagle	250	125	125	0.49%			0	0.00%	0%		0		
Buisiness Park & Commerce Park:												
Harrod Properties												
Building 1 - ID #567813009	24	24	0.09%		24	24	0.22%	0%		8,182		
Building 2 - ID #567810859	24	24	0.09%		24	24	0.22%	0%		8,182		
Building 3 - ID #567813159	24	24	0.09%		24	24	0.22%	0%		8,182		
Building 4 - ID #567813209	24	24	0.09%		24	24	0.22%	0%		8,182		
Building 5 - ID #567813059	40	40	0.16%		40	40	0.37%	1%		13,491		
Building 6 - ID #567810909	40	40	0.16%		40	40	0.37%	1%		13,491		
Business Park												
Condev Self Storage - ID #579102909	36	36	0.14%		36	36	0.33%	1%		12,035		
Ungabungawunga - ID #579102409	4	4	0.02%		0	0	0.00%	0%		0		
Sorrentino - ID# 579102709	4	4	0.02%		0	0	0.00%	0%		0		
KW Realty - ID#579101259	4	4	0.02%		0	0	0.00%	0%		0		
FUTURE Parcels	800	800	3.12%		0	0	0.00%	0%		0		
SUBTOTAL	8,128	6,250	2,388	8,638	33.70%	6,259	5,104	373	5,477	50.08%	100%	$336	$1,842,101 $1,409,581	$432,520	
											23%	
NE SECTOR												
LAKEWOOD NATIONAL - Lennar Homes	1,576	1,576	1,576	6.15%	1,576	1,576	1,576	14.41%	85%		443,175		
POLO RUN - Lennar Homes	423	423	423	1.65%	212	212	212	1.94%	11%		59,615		
Taylor Morrison	1,685	1,685	1,685	6.57%			0	0.00%	0%		0		
CRESSWIND - Kolter	651	651	651	2.54%			0	0.00%	0%		0		
SOLERA - DR Horton	675	675	675	2.63%			0	0.00%	0%		0		
FUTURE RESIDENTIAL	3,077	3,077	3,077	12.00%			0	0.00%	0%		0		
FUTURE Apartments	1,000	500	500	1.95%			0	0.00%	0%		0		
FUTURE COMMERCIAL	400	400	1.56%			0	0.00%	0%		0		
Lorraine & SR70 - NE Corner:												
Publix + 3 outparcels - ID# 582200609	100	100	0.39%			0	0.00%	0%		0		
Lorraine NE Corners - Lots 6 & 7 - ID#58202859	254	127	127	0.50%			0	0.00%	0%		0		
Big Jim Self Storage - ID #582202059	69	69	0.27%		69	69	0.63%	4%		19,460		
Bayside Pet Resort - ID #582202109	6	6	0.02%		6	6	0.06%	0%		1,739		
JK Investment - ID #582202159	30	30	0.12%			0	0.00%	0%		0		
TB SR70 LLC - ID #582202219	30	30	0.12%			0	0.00%	0%		0		
TB SR70 LLC - ID #582202239	30	30	0.12%			0	0.00%	0%		0		
Lorraine NE Corners - Lot 5 - ID #582202259	30	30	0.12%			0	0.00%	0%		0		
SUBTOTAL	9,341	8,714	695	9,409	36.71%	1,788	1,788	75	1,863	17.04%	4%	$281	$523,988 $201,484	$322,504	
											62%	
SARASOTA												
FUTURE SINGLE FAMILY	1,021	1,021	1,021	3.98%			0	0.00%	0%		0		
FUTURE MULTI FAMILY	2,776	1,388	1,388	5.41%			0	0.00%	0%		0		
SHOREVIEW - Pulte - All SF	246	246	246	0.96%	246	246	246	2.25%	34%		138,657		
LAKEHOUSE COVE - Homes by Towne - SF	331	331	331	1.29%	331	331	331	3.03%	46%		186,567		
DD LR, LLC (Davis Apts) - ID #0191010003	290	145	145	0.57%	145	145	145	1.33%	20%		81,729		
DD Waterside, LLC (Davis Apts) - ID #0193010004	208	104	104	0.41%			0	0.00%	0%		0		
DD Waterside, LLC (Davis Apts) - ID #0193010005	100	50	50	0.20%			0	0.00%	0%		0		
Sarasota Property Owner LLC (Ryan AL) -ID# 0183030001	172	86	86	0.34%			0	0.00%	0%		0		
FUTURE COMMERCIAL	156	156	0.61%			0	0.00%	0%		0		
SUBTOTAL	5,144	3,371	156	3,527	13.76%	722	722	722	6.60%	100%	$564	$406,954 $299,197	$107,757	
						26%	
ALL TOTAL	26,573           22,249	3,384	25,633	100%	11,627	10,426	511	10,937	100%			$4,326,130	$3,071,687	$1,254,443	
Prior Year:	26,798	23,096	3,455	26,551         Prior Year:	8,375	331	8,706

Operation & Maintenance Annual Assessments Are Charged Per Platted EDU As Follows:	Note that annual assessments shown on schedule are for 1 EDU
Single Family Home = 1 EDU	Commercial EDU'S	2,500	SQ FT. = 1 EDU
Multi Family Home is 1/2 of EDU	The Square Feet Is Either GDP = General Development Plan - total square fee in Plan - Or Best Estimate The Budget Assessment Per EDU amount shown above is grossed up by 7% when placed on the Manatee County Real Estate Taxes Invoice.
The gross up is 4% discount for early payment, Property Appraiser fee of 1.5% & Tax Collector fee of 1.5%
Per a separate calculation, landowners are charged and direct billed an assessment on a per acre basis for land that they own that has not been platted. Please see schedule of acres for this assessment calcuation

LAKEWOOD RANCH STEWARDSHIP DISTRICT
ESTIMATED ACRES BY PARCEL BASED ON PROJECTIONS AS OF MAY 2019

ESTIMATED ACRES BY PARCEL					
				PER ACRE	
	BUILDOUT ACRES	% OF	BUILDOUT	ASSESSMENT	
	RES	COMM	TOTAL	TOTAL	BUDGET	AMOUNT	
SE SECTOR -Manatee County						
LAKE CLUB	728		728	3.41%	311,254	
EAST OF LAKE CLUB	909		909	4.26%	388,639	
CC EAST	1,164		1,164	5.46%	497,664	
CCE GOLF COURSE	350		350	1.64%	149,641	
EAST PULTE AGE REST	604		604	2.83%	258,238	
REMAINING EAST LAND	157		157	0.74%	67,125	
Diocese of Sarasota		83	83	0.39%	35,486	
UNIV CORNERS/SMR		30	30	0.14%	12,826	
				0.00%	0	
SUBTOTAL	3,912	113	4,025	18.87%	1,720,873	428	
NW SECTOR						
CENTRAL PARK	355		355	1.66%	210,663	
CENTRAL PARK COMM		18	18	0.08%	10,616	
Lakewood Center South / NW Sector:						
ESPLANADE	195		195	0.91%	115,847	
ESPLANADE - GOLF	400		400	1.88%	237,635	
BRIDGEWATER - Lennar Homes	278		278	1.30%	165,156	
HARMONY - Mattamy	245		245	1.15%	145,551	
LOST CREEK APARTMENTS	24		24	0.11%	14,133	
CREEKSIDE APARTMENTS	17		17	0.08%	9,921	
LUX APARTMENTS - Davis Devlopment-Parcel J	24		24	0.11%	14,258	
NW Sector Parcel "I"	54		54	0.25%	32,081	
NW Sector Parcel "F"	14		14	0.07%	8,555	
Lakewood Center Parcel "I"	90		90	0.42%	53,468	
Lakewood Center Parcel "J"	149		149	0.70%	88,519	
Other Multi Family - Hotel - I&J	4		4	0.02%	2,139	
Other Commercial Sites - Parcels L to Q	35		35	0.17%	21,031	
Other MF Units - Parcel R	44		44	0.21%	26,021	

Lakewood Center North 1 - "Commercial Units":						
SENIOR LYFESTYLES - LWCN Lot 1		7	7	0.03%	3,862	
LWCN Lot 5		4	4	0.02%	2,602	
MOB II - LWCN Lot 6 & 7		3	3	0.01%	1,610	
LWCN Lot 8		1	1	0.01%	796	
TIDEWELL - LWCN Lot 9		2	2	0.01%	1,479	
INTERCOASTAL MEDICAL GROUP - LWCN Lot 10		3	3	0.01%	1,741	

Lakewood Center North:						
ARBOR GRANDE - Standard Pacific	100		100	0.47%	59,409	
MALLORY PARK - Divosta Homes	150		150	0.70%	89,113	
ECHO LAKE APARTMENTS - Home by Towne	21		21	0.10%	12,476	
INDIGO - Neal Homes	93		93	0.44%	55,250	
SAVANNAH - Meritage Homes	304		304	1.43%	180,602	
FUTURE RESIDENTIAL	22		22	0.10%	13,248	
FUTURE MULTIFAMILY	31		31	0.14%	18,238	
FUTURE COMMERCIAL - Office & Retail		75	75	0.35%	44,556	

BUSINESS PARK		
182	
182	
0.85%	
108,124	
COMMERCE PARK -east of LWRB		144	144	0.68%	85,548	
BUSINESS PARK -east of LWRB		113	113	0.53%	67,132	
SUBTOTAL	2,648	552	3,201	15.00%	1,901,380	594	
						
NE SECTOR						
COMMERCIAL		797	797	3.74%	211,002	
MULTI-FAMILY	161		161	0.75%	42,624	
LAKEWOOD NATIONAL / POLO RUN	1,292		1,292	6.06%	342,051	
RESIDENTIAL	3,613		3,613	16.94%	956,526	
SUBTOTAL	5,066	797	5,863	27.49%	1,552,204	265	
SARASOTA						
RESIDENTIAL	5,500		5,500	25.78%	1,053,028	
COMMERCIAL		120	120	0.56%	22,975	
HERITAGE RANCH		2,258	2,258	10.59%	432,316	
HAMLETS	364		364	1.71%	69,691	
SUBTOTAL	5,864	2,378	8,242	38.64%	1,578,010	191	

ADMINISTRATIVE/GENERAL			
2,979,499	
140	
Totals	17,490	3,840	21,331	100%	9,731,966	456	

FOR ALLOCATION OF OPERATION & MAINTENANCE ASSESSMENTS ON LAND NOT PLATTED FOR OCTOBER 2019 TO SEPTEMBER 2020 DISTRICT OPERATIONS & MAINTENANCE BUDGET

			

			

			

			
		
**	

Wetland Systems Not Assessed - benefit all	
1,724			
TOTAL DISTRICT ACRES PER BOND VALIDATION	23,055		-	
NOTE:			The District charges the Land Owner an annual	
CC East is Country Club East consisting of the original 851 acres plus 178 acres "Ritz Option" and 135 acre "Triangle parcel = 1,164	per acre assessment for the undeveloped land NE Sector - land east of Lorraine Road and north of State Road 70 - East North @ 3,401 acres & East South at 2,462 acres = 5,863 acres equal to 50% of the Admninistrative per acre Sarasota - the 8,242 acres of Sarasota land is per Sarasota County Tax ID #s when District was formed	buildout budget.	

Land Owner Contribution Summary		# of Total	Unit Per	# of Platted	EDU Not Platted	Per Acre	Assessment		
Unplated Acreage Contributions	# of Acres	EDU	Acre	EDU	Divided by	Assessment	Amount		
Land Owners					Unit Per Acre to	** Equal to 50% of the			
					Equal Acres to Bill On	Admin per acre buildout			
Southeast Sector:
Stock Development (Lake Club Ph 4)	
450.00	
312	
0.69	
104	
300.00	
$70	
$20,952		
Pulte Homes (Del Webb)	643.00	1,300	2.02	855	220.10	$70	$15,372		
Toll Brothers (The Isles at LWR)	339.00	450	1.33	151	225.25	$70	$15,732		
Diocese of Sarasota - Catholic School Site	83.00	40	0.48	0	83.00	$70	$5,797		
North American Properties - ID 588601509	1.32	2	1.21	0	1.32	$70	 	$92			

Northwest Sector:							        $57,945 		
Central Park Commercial Land	17.87	60	3.36	0	17.87	$70	$1,248		
The Green @ LWR - Lot 1 - ID #583207059	0.95	2	2.11	0	.95	$70	$66		
The Green @ LWR - Lot 2 - ID #583207109	0.78	2	2.56	0	.78	$70	$54		
The Green @ LWR - Lot 4 - ID #583207209	0.71	2	2.82	0	.71	$70	$50		
The Green @ LWR - Lot 6 - ID #583207309	1.09	3	2.75	0	1.09	$70	$76		
The Green @ LWR - Lot 7 - ID #583207359	1.46	3	2.05	0	1.46	$70	$102		
JADRO LLC - Unit 8 - ID #583206259	1.34	20	14.93	0	1.34	$70	$94		
MALLORY PARK - Divosta Homes	150.00	382	2.55	319	24.74	$70	$1,728		
SAVANNAH - Meritage Homes	304.00	475	1.56	361	72.96	$70	$5,096		
Woodleaf Hammock - Homes by Towne	74.40	178	2.39	130	20.06	$70	$1,401		
Ungabungawunga - ID #579102409	1.32	4	3.03	0	1.32	$70	$92		
Sorrentino - ID# 579102709	1.40	4	2.86	0	1.40	$70	$98		
KW Realty - ID#579101259	2.99	4	1.34	0	2.99	$70	 	$209 		

Northeast Sector:							        $10,314 		
LAKEWOOD NATIONAL / POLO RUN - Lennar Homes	1,292.00	1,999	1.55	1,788	136.37	$70	$9,525		
Taylor Morrison	992.00	1,685	1.70	0	992.00	$70	$69,283		
CRESSWIND - Kolter	250.00	651	2.60	0	250.00	$70	$17,460		
SOLERA - DR Horton	278.00	675	2.43	0	278.00	$70	$19,416		
Publix + 3 outparcels - ID# 582200609	16.94	100	5.90	0	16.94	$70	$1,183		
JK Investment - ID #582202159	2.54	30	11.81	0	2.54	$70	$177		
TB SR70 LLC - ID #582202219	0.87	30	34.68	0	.87	$70	$60		
TB SR70 LLC - ID #582202239	1.14	30	26.41	0	1.14	$70	 	$79			

Sarasota:							       $117,184 		
DD Waterside, LLC (Davis Apts) - ID #0193010004	8.58	104	12.12	0	8.58	$70	$599		
DD Waterside, LLC (Davis Apts) - ID #0193010005	5.09	50	9.83	0	5.09	$70	$355		
Sarasota Property Owner LLC (Ryan AL) -ID# 0183030001	5.01	86	17.17	0	5.01	$70	 	$350 		
							         $1,305 		
Total Non-SMR					2,673.88		      $186,747 		

LAKEWOOD RANCH STEWARDSHIP DISTRICT
Projected General Maintenance & Administration Cost at Buildout - Shared Expenses Per EDU

EQUIVALENT DWELLING UNITS (EDU'S)

Projected Build-Out

SE Sector Build-Out NW Sector Build-Out NE Sector Build-Out SRQ Sector Build-Out

Total Build-Out 2019/2020
Budget

SE	NW	NE

SRQ

Budget	4,058	8,638	9,409	3,527	25,633
OPERATIONAL EXPENSES		16%	Per Unit	34%	Per Unit	37%	Per Unit	14%	Per Unit	100%			
A. Field Staff Payroll; Subtotal	500,250	79,199	$19.52	168,582	$19.52	183,636	$19.52	68,834	$19.52	500,250	300,000	47,496	$17	101,099	$18	110,126		41,280	
B. Other Operational Expenses																			
Uniforms	5,000	792	$0	1,685	$0	1,835	$0	688	$0	5,001	2,000	317		674		734		275	
Job Materials	20,000	3,166	$1	6,740	$1	7,342	$1	2,752	$1	20,002	6,000	950		2,022		2,203		826	
Phone/Radio	12,000	1,900	$0	4,044	$0	4,405	$0	1,651	$0	12,001									
Office Supplies	5,000	792	$0	1,685	$0	1,835	$0	688	$0	5,001									
Fuel & Oil	50,000	7,916	$2	16,850	$2	18,354	$2	6,880	$2	50,006	12,400	1,963		4,179		4,552		1,706	
Equipment	10,000	1,583	$0	3,370	$0	3,671	$0	1,376	$0	10,001									
Tools/Machinery	10,000	1,583	$0	3,370	$0	3,671	$0	1,376	$0	10,001	500	79		168		184		69	
Supplies	10,000	1,583	$0	3,370	$0	3,671	$0	1,376	$0	10,001	500	79		168		184		69	
Employment Advertising	2,000	317	$0	674	$0	734	$0	275	$0	2,000									
Miscellaneous Maintenance	24,000	3,800	$1	8,088	$1	8,810	$1	3,302	$1	24,003	2,000	317		674		734		275	
Maintenance Facility Rent	24,000	3,800	$1	8,088	$1	8,810	$1	3,302	$1	24,003									
Vehicle R&M	10,000	1,583	$0	3,370	$0	3,671	$0	1,376	$0	10,001	1,200	190		404		441		165	
Vehicles	36,000	5,699	$1	12,132	$1	13,215	$1	4,954	$1	36,004	7,800	1,235		2,629		2,863		1,073	
Waste Management	5,000	792	$0	1,685	$0	1,835	$0	688	$0	5,001	3,000	475		1,011		1,101		413	
Centralized Irrigation System	2,000	317	$0	674	$0	734	$0	275	$0	2,000									
TOTAL OPERATIONAL EXPENSES	225,000	35,622	$28	75,824	$28	82,595	$28	30,960	$28	225,026	35,400	5,604	$17	11,930	$18	12,995	$0	4,871	
																			
Parks Maintenance	734,000	116,206	$29	247,354	$29	269,442	$29	100,997	$29	734,000	348,000	55,095		117,274		127,746		47,884	
Community Services Mgmt. Fee	317,088										96,240	15,237		32,432		35,329		13,242	
ALL TOTAL	1,776,338	231,026	$77	491,760	$76	535,673	$76	200,791	$76	1,459,276	779,640	123,432		262,735		286,196		107,277	
ADMINISTRATIVE																			
Insurance	20,000	3,166		6,740		7,342		2,752		20,000	8,000	1,267		2,696		2,937		1,101	
Meeting Advertising	20,000	3,166		6,740		7,342		2,752		20,000	15,000	2,375		5,055		5,506		2,064	
Real Estate Taxes	-	-		-		-		-		-	-	-		-		-		-	
Engineering	75,000	11,874		25,275		27,532		10,320		75,000	70,000	11,082		23,590		25,696		9,632	
Bond Agent Fees	75,000	11,874		25,275		27,532		10,320		75,000	30,000	4,750		10,110		11,013		4,128	
Legal Fees	125,000	19,790		42,124		45,886		17,200		125,000	100,000	15,832		33,700		36,709		13,760	
Accounting	75,000	11,874		25,275		27,532		10,320		75,000	32,000	5,066		10,784		11,747		4,403	
Lien Book and Tax Roll	150,000	23,748		50,549		55,063		20,640		150,000	150,000	23,748		50,549		55,063		20,640	
Annual Audit	50,000	7,916		16,850		18,354		6,880		50,000	17,000	2,691		5,729		6,240		2,339	
Trustee	150,000	23,748		50,549		55,063		20,640		150,000	100,000	15,832		33,700		36,709		13,760	
Manager	250,000	39,580		84,249		91,772		34,400		250,000	108,000	17,098		36,395		39,645		14,861	
Travel and Per Diem	-	-		-		-		-		-	-	-		-		-		-	
Telephone	-	-		-		-		-		-	-	-		-		-		-	
Postage	2,657	421		895		975		366		2,657	1,500	237		505		551		206	
Office Supplies	-	-		-		-		-		-	1,500	237		505		551		206	
Other Current Charges	10,629	1,683		3,582		3,902		1,463		10,629	3,810	603		1,284		1,399		524	
Dues, Licenses, Subscriptions	1,063	168		358		390		146		1,063	22,000	3,483		7,414		8,076		3,027	
Capital Outlay	-	-		-		-		-		-	-	-		-		-		-	
Meeting Room Rent	-	-		-		-		-		-	-	-		-		-		-	
Outside Services; County Administrative Fee		-		-		-		-		-	-	-		-		-		-	
TOTAL ADMINISTRATIVE	1,004,349	159,007	$39	338,461	$39	368,684	$39	138,197	$39	1,004,349	658,810	104,302		222,016		241,841		90,651	
																			
Capital Improvement Reserves	276,375	43,755	$11	93,137	$11	101,454	$11	38,029	$11		152,578	24,156	$6	51,418	$6	56,010	$6	20,995	
																			
ALL TOTAL SHARED EXPENSES	3,057,062	433,789	$127	923,358	$126	1,005,810	$126	377,017	$126	2,463,626	1,591,028	251,889		536,169		584,047		218,923	

Parks and Facilities Capital Improvement		
Reserves		
A Bob Gardner Community Park		
Original Construction Cost: Useful Life
in Years	Assets Reserves									
1 Pavilions (2) $ 387,986	30	G Vehicles: User:	EST. Cost	Useful Life in Years	Annual Depr.	Replacement Year 1	Replacement Year 2	Replacement Year 3	Replacement Year 4	Replacement
Year 4	
2 Boardwalks (2 $ 49,300	20	Truck 1	Louis Lawman	$ 45,000	5	$	9,000	2023	2028	2034	2039	2044	
3  Parking Lot      $        25,000	15	Truck 2	Larry Neale	$ 40,000	5	$	8,000	2020	2025	2031	2036	2041	
 	$ 462,286 	Truck 3	Garrett Hardy	$ 40,000	5	$	8,000	2021	2026	2032	2037	2042	
B James L Patton Community Park	Truck 4	David DelValle	$ 40,000	5	$	8,000	2024	2029	2035	2040	2045	
1 Pavilion (1) $ 213,916	30	Truck 5	Future	   $     40,000		5		$	8,000 	2025	2030	2036	2041	2046	
2 Bridges (4) $ 159,000	20		$ 205,000		$	41,000						
3  Parking Lot      $        25,000	15	H Equipment:									
 	$ 397,916 	Off-Road 1	$ 15,000	5	$	3,000	2025	2030	2036	2041	2046	
C  Roger Hill Park		Off-Road 2	$ 15,000	5	$	3,000	2025	2030	2036	2041	2046	
 Pavilion	$      150,000	30	Mower	$ 8,000	5	$	1,600	2023	2028	2034	2039	2044	
	Other	   $       5,000		5		$	1,000 	2021	2026	2032	2037	2042	
D  Future Park; NE Sector			$ 43,000		$	8,600						
 Pavilion	$      225,000	30										
	ALL TOTA	$ 248,000		$	49,600						
E  Stormwater System			
 	$   2,000,000	50		
F District Park at Waterside Place		
$      500,000	30		

Page 12

page 14

appropriations

EAR ENDING:		2020			2021		2022		2023			2024		
increase	2025
draw	
balance		2026		
	increase	draw	balance	increase	draw	balance	increase	balance	increase	draw	balance	increase	draw	balance				increase	draw	balance	
A1	12,933		12,933	13,192		26,124	13,455	39,580	13,724		53,304	13,999		67,303	14,279		81,582	14,565		96,147	
A2	2,465		2,465	2,514		4,979	2,565	7,544	2,616		10,160	2,668		12,828	2,722		15,550	2,776		18,326	
A3	1,667		1,667	1,700		3,367	1,734	5,101	1,769		6,869	1,804		8,673	1,840		10,514	1,877		12,390	
B1	7,131		7,131	7,273		14,404	7,419	21,822	7,567		29,389	7,718		37,108	7,873		44,980	8,030		53,010	
B2	7,950		7,950	8,109		16,059	8,271	24,330	8,437		32,767	8,605		41,372	8,777		50,150	8,953		59,103	
B3	1,667		1,667	1,700		3,367	1,734	5,101	1,769		6,869	1,804		8,673	1,840		10,514	1,877		12,390	
C	5,000		5,000	5,100		10,100	5,202	15,302	5,306		20,608	5,412		26,020	5,520		31,541	5,631		37,171	
D	7,500		7,500	7,650		15,150	7,803	22,953	7,959		30,912	8,118		39,030	8,281		47,311	8,446		55,757	
E	40,000		40,000	40,800		80,800	41,616	122,416	42,448		164,864	43,297		208,162	44,163		252,325	45,046		297,371	
F	16,667		16,667	17,000		33,667	17,340	51,007	17,687		68,693	18,041		86,734	18,401		105,135	18,769		123,905	
G	41,000	(40,000)	1,000	41,820	(40,000)	2,820	42,656	45,476	43,510	(45,000)	43,986	44,380	(40,000)	48,366	45,267	(80,000)	13,633	46,173	(40,000)	19,806	
H	8,600		8,600	8,772	(5,000)	12,372	8,947	21,319	9,126	(8,000)	22,446	9,309		31,755	9,495	(30,000)	11,250	9,685	(5,000)	15,935	
TOTAL	152,578	(40,000)	112,578	155,630	(45,000)	223,208	158,743	381,951	161,917	(53,000)	490,868	165,156	(40,000)	616,024	168,459	(110,000)	674,483	171,828	(45,000)	801,311	
year	1	2	3	4	5	6	7	

FY Y

appropriations

2027
increase	balance	
increase	2028
draw	
balance	
increase	2029
draw	
balance	
increase	2030
draw	
balance	
increase	2031
draw	
balance	
increase	2032
draw	
balance	2033
increase	
balance	
14,856	111,002	15,153		126,155	15,456		141,611	15,765		157,376	16,080		173,457	16,402		189,859	16,730	206,589	
2,832	21,157	2,888		24,045	2,946		26,991	3,005		29,996	3,065		33,061	3,126		36,187	3,189	39,376	
1,914	14,305	1,953		16,258	1,992		18,250	2,032		20,281	2,072		22,353	2,114		24,467	2,156	26,623	
8,191	61,201	8,355		69,556	8,522		78,077	8,692		86,769	8,866		95,635	9,043		104,679	9,224	113,903	
9,132	68,235	9,315		77,549	9,501		87,050	9,691		96,741	9,885		106,626	10,083		116,709	10,284	126,993	
1,914	14,305	1,953		16,258	1,992		18,250	2,032		20,281	2,072		22,353	2,114		24,467	2,156	26,623	
5,743	42,915	5,858		48,773	5,975		54,749	6,095		60,844	6,217		67,060	6,341		73,402	6,468	79,870	
8,615	64,372	8,787		73,160	8,963		82,123	9,142		91,265	9,325		100,591	9,512		110,102	9,702	119,805	
45,947	343,319	46,866		390,185	47,804		47,804	48,760		96,563	49,735		146,298	50,730		197,028	51,744	248,772	
19,145	143,049	19,528		162,577	19,918		19,918	20,317		40,235	20,723		60,958	21,137		82,095	21,560	103,655	
47,096	66,902	48,038	(45,000)	69,940	48,999	(40,000)	78,939	49,979	(40,000)	88,917	50,978	(40,000)	99,896	51,998	(40,000)	111,894	53,038	164,931	
9,879	25,814	10,076	(8,000)	27,890	10,278		38,168	10,483	(30,000)	18,651	10,693		29,344	10,907	(5,000)	35,251	11,125	46,376	
175,265	976,576	178,770	(53,000)	1,102,346	182,345	(40,000)	691,929	185,992	(70,000)	807,921	189,712	(40,000)	957,633	193,506	(45,000)	1,106,139	197,376	1,303,516	
8	9	10	11	12	13	14	

A1 A2 A3 B1 B2 B3 C D E F G H
TOTAL

appropriations

year

		2034			2035			2036			2037		2038	
increase	2039
draw	
balance		2040		
	increase	draw	balance	increase	draw	balance	increase	draw	balance	increase	draw	balance	increase	balance				increase	draw	balance	
A1	17,065		223,653	17,406		241,059	17,754		258,813	18,109		276,923	18,471	295,394	18,841		314,235	19,218		333,452	
A2	3,253		42,628	3,318		45,946	3,384		49,330	3,452		52,781	3,521	56,302	3,591		59,893	3,663	(61,625)	1,931	
A3	2,199		28,822	2,243	(30,000)	1,065	2,288		3,353	2,334		5,687	2,380	8,068	2,428		10,496	2,477		12,972	
B1	9,409		123,311	9,597		132,908	9,789		142,697	9,984		152,681	10,184	162,865	10,388		173,253	10,596		183,849	
B2	10,490		137,483	10,700		148,182	10,914		159,096	11,132		170,228	11,355	181,582	11,582		193,164	11,813	(198,750)	6,227	
B3	2,199		28,822	2,243	(30,000)	1,065	2,288		3,353	2,334		5,687	2,380	8,068	2,428		10,496	2,477		12,972	
C	6,597		86,467	6,729		93,196	6,864		100,060	7,001		107,062	7,141	114,203	7,284		121,487	7,430		128,917	
D	9,896		129,701	10,094		139,795	10,296		150,091	10,502		160,592	10,712	171,304	10,926		182,230	11,145		193,375	
E	52,779		301,552	53,835		355,386	54,911		410,298	56,010		466,307	57,130	523,437	58,272		581,710	59,438		641,148	
F	21,991		125,646	22,431		148,078	22,880		170,957	23,337		194,295	23,804	218,099	24,280		242,379	24,766		267,145	
G	54,099	(45,000)	174,030	55,181	(40,000)	189,211	56,284	(40,000)	205,495	57,410	(40,000)	222,905	58,558	281,463	59,729	(45,000)	296,192	60,924	(40,000)	317,116	
H	11,348	(8,000)	49,723	11,574		61,298	11,806	(30,000)	43,104	12,042	(5,000)	50,146	12,283	62,429	12,529	(8,000)	66,957	12,779		79,737	
TOTAL	201,324	(53,000)	1,451,840	205,350	(100,000)	1,557,190	209,457	(70,000)	1,696,647	213,647	(45,000)	1,865,294	217,920	2,083,214	222,278	(53,000)	2,252,492	226,723	(300,375)	2,178,840	
year	15	16	17	18	19	20	21	

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appropriations

appropriations

		2041			2042		2043		2044			2045		
increase	2046
draw	
balance		2047		2048		
	increase	draw	balance	increase	draw	balance	increase	balance	increase	draw	balance	increase	draw	balance				increase	draw	balance	increase	balance	
A1	19,602		353,054	19,994		373,048	20,394	393,442	20,802		414,244	21,218		435,461	21,642		457,103	22,075		479,178	22,516	501,695	
A2	3,736		5,667	3,811		9,478	3,887	13,365	3,965		17,330	4,044		21,374	4,125		25,499	4,207		29,706	4,292	33,998	
A3	2,526		15,498	2,577		18,075	2,628	20,703	2,681		23,384	2,734		26,118	2,789		28,907	2,845		31,752	2,902	34,654	
B1	10,808		194,656	11,024		205,680	11,244	216,924	11,469		228,393	11,698		240,092	11,932		252,024	12,171		264,195	12,414	276,609	
B2	12,050		18,277	12,291		30,567	12,536	43,104	12,787		55,891	13,043		68,934	13,304		82,237	13,570		95,807	13,841	109,648	
B3	2,526		15,498	2,577		18,075	2,628	20,703	2,681		23,384	2,734		26,118	2,789		28,907	2,845		31,752	2,902	34,654	
C	7,578		136,495	7,730		144,225	7,884	152,109	8,042		160,151	8,203		168,355	8,367		176,722	8,534		185,256	8,705	193,961	
D	11,367		204,742	11,595		216,337	11,827	228,164	12,063		240,227	12,305		252,532	12,551		265,082	12,802		277,884	13,058	290,942	
E	60,627		701,774	61,839		763,613	63,076	826,689	64,337		891,027	65,624		956,651	66,937		1,023,588	68,275		1,091,863	69,641	1,161,504	
F	25,261		292,406	25,766		318,172	26,282	344,454	26,807		371,261	27,343		398,605	27,890		426,495	28,448		454,943	29,017	483,960	
G	62,142	(80,000)	299,258	63,385	(40,000)	322,643	64,653	387,296	65,946	(45,000)	408,242	67,265	(40,000)	435,507	68,610	(40,000)	464,117	69,982	(40,000)	494,100	71,382	565,482	
H	13,035	(30,000)	62,771	13,295	(5,000)	71,067	13,561	84,628	13,833	(8,000)	90,461	14,109		104,570	14,391	(30,000)	88,961	14,679	(5,000)	98,640	14,973	113,613	
TOTAL	231,258	(110,000)	2,300,098	235,883	(45,000)	2,490,981	240,601	2,731,582	245,413	(53,000)	2,923,995	250,321	(40,000)	3,134,316	255,327	(70,000)	3,319,643	260,434	(45,000)	3,535,077	265,643	3,800,720	
year	22	23	24	25	26	27	28	29	

		2049			2050		
	increase	draw	balance	increase	draw	balance	
A1	22,967		524,662	23,426	(543,180)	4,907	
A2	4,377		38,375	4,465		42,840	
A3	2,960		37,613	3,019	(35,000)	5,632	
B1	12,663		289,272	12,916	(299,482)	2,706	
B2	14,118		123,766	14,400		138,167	
B3	2,960		37,613	3,019	(35,000)	5,632	
C	8,879		202,840	9,057	(210,000)	1,897	
D	13,319		304,261	13,585	(315,000)	2,846	
E	71,034		1,232,538	72,454		1,304,992	
F	29,597		513,558	30,189	(520,000)	23,747	
G	72,810	(45,000)	593,291	74,266	(40,000)	627,557	
H	15,272	(8,000)	120,885	15,578		136,463	
TOTAL	270,956	(53,000)	4,018,675	276,375	########	2,297,387	
year	30	31	

page 14

Stewardship District Payroll Projection At Buildout

Position	Total Cost	
Operations Director	$	128,000	
Construction/Public Works Manager	$	83,200	
Maintenance Manager	$	79,950	
Park Services Lead	$	43,050	
Park Services/Maint. Tech	$	36,900	
Park Services/Maint. Tech	$	36,900	
Park Services/Maint. Tech	$	36,900	
 Administrative Assit.	$	55,350 
$	500,250

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