Lakewood Ranch Stewardship District

Proposed Operating Budget for General Fund -

Summary Budget For Operation & Maintenance

October 1, 2019 to September 30, 2020

														FINAL BUDGET						Increase									
									Full Year							(Decrease)				Estimated		
													FY2020;												
																																
	Category		30-Sep-19								2020 Budget vs.				Buildout			
					Resolution 2019-										
																		2019 Budget				Budget		
	Sources of Funds:			Budget		36												

																													
																												
		Assessments - Platted Land	$	2,918,102		$	4,326,130	67%		$	1,408,028	$	9,731,966		
		Assessments - Un Platted Land	$	131,204		$	186,747	70%		$	55,543	$	-		
		Landowner Contribution	$	1,956,356		$	3,061,056	64%		$	1,104,700	$	-		
		Other Revenue (Park Rental Fees)	$	-		$	1,000			$	1,000			$	-		
	Total - Sources of Funds	$	5,005,662		$	7,574,933	66%		$	2,569,271	$	9,731,966		
																													
	Uses of Funds																												
	Administrative Expenditures:																												
		Insurance		$	8,000		$	8,000	100%		$	-	$	20,000		
		Meeting Advertising	$	15,000		$	15,000	100%		$	-	$	20,000		
		Real Estate Taxes	$	-		$	-			$	-	$	-		
		Engineering	$	70,000		$	70,000	100%		$	-	$	75,000		
		Bond Agent Fees	$	30,000		$	30,000	100%		$	-	$	75,000		
		Legal Fees	$	100,000		$	100,000	100%		$	-	$	125,000		
		Accounting	$	32,000		$	32,000	100%		$	-	$	75,000		
		Lien Book and Tax Roll	$	139,000		$	150,000	93%		$	11,000	$	150,000		
		Annual Audit	$	17,000		$	17,000	100%		$	-	$	50,000		
		Trustee	$	100,000		$	100,000	100%		$	-	$	150,000		
		Manager	$	85,000		$	108,000	79%		$	23,000	$	150,000		
		Travel and Per Diem	$	-		$	-			$	-	$	-		
		Telephone	$	-		$	-			$	-	$	-		
		Postage	$	1,500		$	1,500	100%		$	-	$	2,657		
		Office Supplies	$	1,500		$	1,500	100%		$	-	$	10,629		
		Other Current Charges	$	3,810		$	3,810	100%		$	-	$	1,500		
		Dues, Licenses, Subscriptions	$	500		$	22,000	2%		$	21,500	$	22,000		
		Capital Outlay	$	-		$	-			$	-	$	-		
		Meeting Room Rent	$	-		$	-			$	-	$	-		
		Outside Services; County Administrative Fee	$	-		$	-			$	-			$	-		
	Total - Administrative	$	603,310		$	658,810	92%		$	55,500	$	926,786		
	Reserves	$	-		$	152,578	0%		$	152,578	$	276,375		
	Maintenance:																												
																										
		Maintenance Management Fee - allocated at buildout	$	268,000		$	300,000	89%		$	32,000	$	500,250		
		General & Parks Maintenance - allocated at buildout	$	254,000		$	383,400	66%		$	129,400	$	959,000		
		Community Services Admin. Fee	$	-		$	96,240	0%		$	96,240	$	317,088		
		Landscape & Irrigation Maintenance - Contracted	$	2,367,293		$	3,626,086	65%		$	1,258,793	$	3,908,206		
		Landscape & Irrigation Repairs - Non-Contracted	$	653,941		$	901,000	73%		$	247,059	$	991,000		
		Irrigation for Master Landscaping	$	556,846		$	1,016,846	55%		$	460,000	$	1,166,846		
		Environmental	$	182,300		$	241,500	75%		$	59,200	$	435,500		
		Utilities	$	6,773		$	55,273	12%		$	48,500	$	64,173		
		Other Maintenance	$	113,200		$	143,200	79%		$	30,000	$	186,742		
		Contingency	$	-		$	-			$	-			$	-		
	Total - Maintenance	$	4,402,352		$	6,763,545	65%		$	2,361,193	$	8,528,805		
	Total - Uses of Funds	$	5,005,662		$	7,574,933	66%		$	2,569,271	$	9,731,966		
																	
		Operating Surplus or Deficit	$	(0)		$	-			$	0	$	-		
																									Increase									
									Budget		Final Budget					(Decrease)				Estimated		
																															
											FY2020; RES.			2020 Budget vs.				Buildout			
									FY2019											
		Maintenance Expense by Land Area:						2019-36					2019 Budget				Budget		

		Southeast Sector	$1,254,975			$1,676,873	75%			$421,899		$1,720,873		
		Northwest Sector	$1,381,650			$1,795,260	77%			$413,610		$1,901,380		
		Northeast Sector		$444,242					$1,365,504	33%			$921,262		$1,552,204		
		Sarasota Sector		$799,485					$1,146,268	70%			$346,783		$1,578,010		
		Other / General Maintenance		$300,000					$431,640	70%			$131,640		$1,042,338		
		Parks Maintenance		$222,000					$348,000	64%			$126,000					$734,000			
		Total	$4,402,352				$6,763,545	65%			$2,361,193				$8,528,805			

Page 1

Lakewood Ranch Stewardship District

Operations and Maintenance Budget Detail

			Budget	PRELIMINARY	FINAL Budget	FINAL FY2020		ESTIMATED		Prior		%		
	EXPENSES			Budget FY2020;	FY2020; Resolution	Budget vs. Budget			BUILDOUT		Buildout	$ Change			
			FY2019										Change		
Acct#				Resolution 2019-28	2019-36	2019					(B)	Estimate				

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	350,000	350,000	190,000		119%		350,000		166,000	184,000	110.84%		
60102	The Masters Ave.; Lorraine to Players	196,573	204,000	204,000	7,427		4%		204,000		235,888	(31,888)	-13.52%		
60103	Lorraine Rd - East side	108,150	105,000	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	20,173	20,173	-		0%		20,173		24,208	(4,035)	-16.67%		
60106	Bournside Blvd. from Masters to SR70	80,000	108,000	108,000	28,000		35%		108,000		100,000	8,000	8.00%		
60107	Covenant Way	12,978	12,600	12,600	(378)		-3%		12,600		15,574	(2,974)	-19.09%		
60108	Masters Ave. from Players Dr. to Bourneside Blvd.	112,000	110,000	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	60,000				90,000		86,000	4,000	4.65%		
	Subtotal Landscape Maintenance Contracts	689,875	969,773	969,773	279,899		41%		999,773		891,850	107,924	12.10%		
										58.10%					
SE	NON CONTRACTED LANDSCAPING & IRRIGATION REPAIRS																		
60200	Irrigation Repairs	55,000	65,000	65,000	10,000		18%		65,000		66,000	(1,000)	-1.52%		
60210	Plant replacement	92,000	100,000	100,000	8,000		9%		100,000		120,000	(20,000)	-16.67%		
60215	Mulching	50,000	60,000	60,000	10,000		20%		60,000		60,000	-	0.00%		
60230	Tree Trimming	30,000	30,000	30,000	-		0%		30,000		32,000	(2,000)	-6.25%		
new	Other Landscape Maintenance; Non-Contracted	4,000	8,000	8,000	4,000		100%		12,000		6,000	6,000			
	Subtotal Non-Contracted Landscaping	231,000	263,000	263,000	32,000		14%		267,000		284,000	(17,000)	-5.99%		
										15.52%					
SE	IRRIGATION FOR MASTER LANDSCAPING																		
60250	Monthly Meter Charge	10,500	10,500	10,500	-		0%		10,500		12,600	(2,100)	-16.67%		
60255	Utilization	220,000	320,000	320,000	100,000		45%		320,000		260,000	60,000	23.08%		
	Subtotal Irrigation	230,500	330,500	330,500	100,000		43%		330,500		272,600	57,900	21.24%		
										19.21%					
SE	ENVIRONMENTAL																		
60300	Lake maintenance for the lakes outside communities	4,000	4,000	4,000	-		0%		4,000		12,000	(8,000)	-66.67%		
60310	General consulting	-	-	-	-				-		-	-			
60320	Water quality monitoring	-	-	-	-				-		-	-			
60330	Mitigation monitoring and maintenance	-	-	-	-				-		-	-			
60340	Littoral Shelf Plantings	-	-	-	-				-		-	-			
60350	Conservation Areas Exotic Species Removal	60,000	70,000	70,000	10,000		17%		80,000		72,000	8,000	11.11%		
	Subtotal Environmental	64,000	74,000	74,000	10,000		16%		84,000		84,000	-	0.00%		
										4.88%					
SE	UTILITIES																		
60400	FLORIDA POWER & LIGHT	1,000	1,000	1,000	-		0%		1,000		1,200	(200)	-16.67%		
60410	Manatee County	-	-	-	-				-		-	-			
	Subtotal Utilities	1,000	1,000	1,000	-		0%		1,000		1,200	(200)	-16.67%		
	OTHER MAINTENANCE: SE SECTOR								0.06%					
60600	Roads and sidewalks	2,000	2,000	2,000	-		0%		2,000		2,400	(400)	-16.67%		
60610	Stormwater System & Drainage	20,000	20,000	20,000	-		0%		20,000		22,000	(2,000)	-9.09%		
60611	Storm Damage and Clean Up		-	-	-				-		-	-			
60620	Sanitary Sewer	5,000	5,000	5,000	-		0%		5,000		6,000	(1,000)	-16.67%		
60630	Street Light Repair	-	-	-	-				-		-	-			
60640	Hardscapes	10,000	10,000	10,000	-		0%		10,000		12,000	(2,000)	-16.67%		
60645	Signs	-	-	-	-				-		-	-			
60650	Miscellaneous Maintenance	1,200	1,200	1,200	-		0%		1,200		1,440	(240)	-16.67%		
60655	Centralized irrigation system	400	400	400	-		0%		400		480	(80)	-16.67%		
60660	Waste Management	-	-	-	-				-		-	-			
	Subtotal	38,600	38,600	38,600	-		0%		38,600		44,320	(5,720)	-12.91%		
										2.24%					
SE	TOTAL SOUTHEAST SECTOR	1,254,975	1,676,873	1,676,873	421,899		34%		1,720,873		1,577,970	142,904	9.06%		

Page 2

Lakewood Ranch Stewardship District

Operations and Maintenance Budget Detail

			Budget	PRELIMINARY	FINAL Budget	FINAL FY2020		ESTIMATED		Prior		%		
	EXPENSES			Budget FY2020;	FY2020; Resolution	Budget vs. Budget			BUILDOUT		Buildout	$ Change			
			FY2019										Change		
Acct#				Resolution 2019-28	2019-36	2019					(B)	Estimate				

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	96,000	96,000	72,306		305%		96,000		28,433	67,567	237.64%		
60112	Rangeland Pkwy form LWR Blvd to White Eagle	27,093	68,000	68,000	40,907		151%		68,000		32,512	35,488	109.16%		
60113	Kent Lake & Lake Bank Maintenance	37,136	37,000	37,000	(136)		0%		37,000		44,563	(7,563)	-16.97%		
60114	Malachite Road; east of White Eagle	18,120	-	-	(18,120)		-100%		18,120		21,744	(3,624)	-16.67%		
60115	44th Ave from Rosedale to White Eagle	34,089	85,000	85,000	50,911		149%		84,000		40,907	43,093	105.35%		
60116	Malachite Road from LWR Blvd. to White Eagle	12,978	30,000	30,000	17,022		131%		30,000		15,574	14,426	92.63%		
60117	White Eagle from Rangleland to 44th Ave	10,296	-	-	(10,296)		-100%		-		12,355	(12,355)	-100.00%		
60118	Lake Bank mowing	15,450	15,450	15,450	-		0%		15,450		18,540	(3,090)	-16.67%		
60119	Rangeland Pkwy from White Eagle to Esplanade	9,072	22,800	22,800	13,728		151%		22,800		10,887	11,913	109.43%		
60120	LWR Blvd.; SR70 to Malachite	43,436	48,000	48,000	4,564		11%		48,000		52,124	(4,124)	-7.91%		
60121	LWR Blvd.; Malachite to SR64	81,605	88,000	88,000	6,395		8%		88,000		97,926	(9,926)	-10.14%		
60132	White Eagle from Malachite to 44th Ave	47,380	42,000	42,000	(5,380)		-11%		42,000		56,856	(14,856)	-26.13%		
60133	White Eagle from 44th Ave to Gatewood Dr.	164,800	164,800	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				20,000		28,000	(8,000)	-28.57%		
60135	Silver Palm Blvd.	5,974	7,440	7,440	1,466		25%		7,440		7,169	271	3.78%		
60136	Wood Fern Trail	53,560	53,560	53,560	-		0%		53,560		64,272	(10,712)	-16.67%		
60137	Gatewood Drive	51,500	48,500	48,500	(3,000)		-6%		48,500		61,800	(13,300)	-21.52%		
60138	44th Ave from White Eagle Blvd. to Indigo	36,050	40,000	40,000	3,950		11%		40,000		43,260	(3,260)	-7.54%		
60139	44th Ave from Indigo to Lorraine	31,386	14,000	14,000	(17,386)		-55%		14,000		37,663	(23,663)	-62.83%		
60141	Silver Falls Run	10,421	30,000	30,000	19,579		188%		30,000		12,505	17,495	139.90%		
60142	117th Street	86,600	80,000	80,000	(6,600)		-8%		80,000		88,000	(8,000)			
60143	Rangeland Pkwy. from Esplanade to Lorraine	-	26,000	26,000	26,000				26,000		80,000	(54,000)			
NEW	Newhaven Blvd.	-	-	-	-				60,000		-	60,000			
	Subtotal Landscape Maintenance Contracts	800,640	1,016,550	1,016,550	215,910		27%		1,093,670		1,052,849	40,821	3.88%		
										58%					
NW	NON CONTRACTED LANDSCAPING & IRRIGATION REPAIRS																		
60200	Irrigation Repairs	55,000	62,000	62,000	7,000		13%		62,000		75,000	(13,000)	-17.33%		
60210	Plant replacement	42,000	42,000	42,000	-		0%		42,000		62,000	(20,000)	-32.26%		
60215	Mulching	98,000	100,000	100,000	2,000		2%		100,000		106,000	(6,000)	-5.66%		
60230	Tree Trimming	76,000	64,000	64,000	(12,000)		-16%		64,000		104,180	(40,180)	-38.57%		
	Other Landscape Maintenance; Non-Contracted	4,000	8,000	8,000	4,000		100%		12,000		4,800	7,200			
	Subtotal Non-Contracted Landscaping	275,000	276,000	276,000	1,000		0%		280,000		351,980	(71,980)	-20.45%		
										15%					
NW	IRRIGATION FOR MASTER LANDSCAPING																		
60250	Monthly Meter Charge	8,610	8,610	8,610	-		0%		8,610		10,332	(1,722)	-16.67%		
60255	Utilization	200,000	310,000	310,000	110,000		55%		310,000		250,000	60,000	24.00%		
	Subtotal Irrigation	208,610	318,610	318,610	110,000		53%		318,610		260,332	58,278	22.39%		
										17%					
NW	ENVIRONMENTAL																		
60300	Lake maintenance for the lakes outside communities	26,000	32,000	32,000	6,000		23%		32,000		28,000	4,000	14.29%		
60310	General consulting	-	-	-	-				-		-	-			
60320	Water quality monitoring	-	-	-	-				-		-	-			
60330	Mitigation monitoring and maintenance	-	-	-	-				-		-	-			
60340	Littoral Shelf Plantings	-	-	-	-				-		-	-			
60350	Conservation Areas Exotic Species Removal	40,000	75,000	75,000	35,000		88%		100,000		46,000	54,000	117.39%		
	Subtotal Environmental	66,000	107,000	107,000	41,000		62%		132,000		74,000	58,000	78.38%		

Page 3

Lakewood Ranch Stewardship District

Operations and Maintenance Budget Detail

			Budget	PRELIMINARY	FINAL Budget	FINAL FY2020		ESTIMATED		Prior		%		
	EXPENSES			Budget FY2020;	FY2020; Resolution	Budget vs. Budget			BUILDOUT		Buildout	$ Change			
			FY2019										Change		
Acct#				Resolution 2019-28	2019-36	2019					(B)	Estimate				

NW	UTILITIES (Estimated via historical usage and projected additional area)								7%					
																			
60400	FLORIDA POWER & LIGHT	1,200	900	900	(300)		-25%		900		1,440	(540)	-37.50%		
60410	Manatee County Utilities	-	-	-	-				-		-	-			
60420	PEACE RIVER	2,000	24,000	24,000	22,000		1100%		24,000		2,400	21,600	900.00%		
	Subtotal Utilities	3,200	24,900	24,900	21,700		678%		24,900		3,840	21,060	548.44%		
	OTHER MAINTENANCE: NW SECTOR								1%					
60600	Roads and sidewalks	-	-	-	-				-		-	-			
60610	Stormwater System & Drainage	14,000	14,000	14,000	-		0%		14,000		20,000	(6,000)	-30.00%		
60611	Storm Damage and Clean Up	-	-	-	-				-		-	-			
60620	Sanitary Sewer	1,000	1,000	1,000	-		0%		1,000		2,000	(1,000)	-50.00%		
60630	Street Light Repair	-	-	-	-				-		-	-			
60640	Hardscapes	12,000	32,000	32,000	20,000		167%		32,000		12,000	20,000	166.67%		
60645	Signs	-	4,000	4,000	4,000				4,000		-	4,000			
60650	Miscellaneous Maintenance	1,200	1,200	1,200	-		0%		1,200		1,440	(240)	-16.67%		
60655	Centralized irrigation system	-	-	-	-				-		-	-			
60660	Waste Management	-	-	-	-				-		-	-			
	Subtotal Other Maintenance	28,200	52,200	52,200	24,000		85%		52,200		35,440	16,760	47.29%		
										3%					
NW	TOTAL NORTHWEST SECTOR	1,381,650	1,795,260	1,795,260	413,610		30%		1,901,380		1,778,441	122,939	6.91%		

Page 4

Lakewood Ranch Stewardship District

Operations and Maintenance Budget Detail

			Budget	PRELIMINARY	FINAL Budget	FINAL FY2020		ESTIMATED		Prior		%		
	EXPENSES			Budget FY2020;	FY2020; Resolution	Budget vs. Budget			BUILDOUT		Buildout	$ Change			
			FY2019										Change		
Acct#				Resolution 2019-28	2019-36	2019					(B)	Estimate				

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	24,740	24,740	-		0%		24,740		29,688	(4,948)	-16.67%		
60130	59th Avenue Lorraine Rd to Post Blvd	17,032	17,032	17,032	-		0%		17,032		20,438	(3,406)	-16.67%		
60131	NE, State Road 70 & Lorraine	5,830	5,830	5,830	-		0%		5,830		6,996	(1,166)	-16.67%		
60132	Uihlein Road; SR70 to 44th Ave.	62,000	173,473	173,473	111,473		180%		173,473		74,400	99,073	133.16%		
60133	Lakebank and Swale Mowing	1,200	1,200	1,200	-		0%		1,200		1,400	(200)			
60134	Lorraine Corners	92,000	92,000	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		-	40,000			
60140	44th Ave from Lorraine to Bourneside	32,000	140,000	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		-	70,910			
NEW	Rangeland Pkwy.; Uihlein Rd. to Bourneside Blvd.	-	120,000	120,000	120,000				120,000		-	120,000			
NEW	Bourneside Blvd.; SR70 to SR64	-	127,379	127,379	127,379				127,379		-	127,379			
NEW	Rangeland Pkwy.; Lorraine Rd. to Uihlein Rd.	-	84,000	84,000	84,000				84,000		-	84,000			
	Future Roads	60,000	50,000	50,000	(10,000)		-17%		75,000		500,000	(425,000)	-85.00%		
	Subtotal Landscape Maintenance Contracts	294,801	946,563	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	46,000	46,000	31,000		207%		46,000		40,000	6,000	15.00%		
60210	Plant replacement	10,000	40,000	40,000	30,000		300%		40,000		30,000	10,000	33.33%		
60215	Mulching	10,000	34,000	34,000	24,000		240%		34,000		20,000	14,000	70.00%		
60230	Tree Trimming	5,500	76,000	76,000	70,500		1282%		76,000		18,000	58,000	322.22%		
new	Other Landscape Maintenance; Non-Contracted	2,000	6,000	6,000	4,000		200%		10,000		2,400	7,600			
	Subtotal Non-Contracted Landscaping	42,500	202,000	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	8,868	8,868	-		0%		8,868		10,642	(1,774)	-16.67%		
60255	Utilization	40,000	150,000	150,000	110,000		275%		200,000		180,000	20,000	11.11%		
	Subtotal Irrigation	48,868	158,868	158,868	110,000		225%		208,868		190,642	18,226	9.56%		
NE	ENVIRONMENTAL								13%					
60300	Lake maintenance for the lakes outside communities	16,000	16,000	16,000	-		0%		40,000		40,000	-	0.00%		
60310	General consulting	-	-	-	-				-		-	-			
60320	Water quality monitoring	-	-	-	-				-		-	-			
60330	Annual Wetland Preservation Area Monitoring	800	800	800	-		0%		800		960	(160)	-16.67%		
60340	Littoral Shelf Plantings and Maintenance	1,500	1,500	1,500	-		0%		1,500		1,800	(300)	-16.67%		
60350	Conservation Areas Exotic Species Removal	12,000	12,000	12,000	-		0%		80,000		14,400	65,600	455.56%		
	Subtotal Environmental	30,300	30,300	30,300	-		0%		122,300		57,160	65,140	113.96%		
NE	UTILITIES (Estimated via historical usage and projected additional area)								8%					
60400	FLORIDA POWER & LIGHT	-	-	-	-				900		1,440	(540)	-37.50%		
60410	Manatee County	100	100	100	-		0%		100		-	100			
60420	PEACE RIVER	1,273	1,273	1,273	-		0%		1,273		1,528	(255)	-16.68%		
	Subtotal Utilities	1,373	1,373	1,373	-		0%		2,273		2,968	(695)	-23.41%		
NE	OTHER MAINTENANCE: NE SECTOR								0%					
																			
60600	Roads and sidewalks	-	-	-	-				-		-	-			
60610	Stormwater System & Drainage	12,000	12,000	12,000	-		0%		25,000		25,000	-	0.00%		
60611	Storm Damage and Clean Up	-	-	-	-				-		-	-			
60620	Sanitary Sewer	10,000	10,000	10,000	-		0%		10,000		12,000	(2,000)	-16.67%		
60630	Street Light Repair	-	-	-	-				-		-	-			
60640	Hardscapes	3,200	3,200	3,200	-		0%		5,000		5,000	-	0.00%		
60645	Signs	-	-	-	-				-		-	-			
60650	Miscellaneous Maintenance	1,200	1,200	1,200	-		0%		1,200		1,400	(200)	-14.29%		
	Subtotal	26,400	26,400	26,400	-		0%		41,200		43,400	(2,200)	-5.07%		
										3%					
	TOTAL EXPENSES NORTHEAST SECTOR	444,242	1,365,504	1,365,504	921,262		207%		1,552,204		1,186,292	365,912	30.85%		

Page 5

Lakewood Ranch Stewardship District

Operations and Maintenance Budget Detail

			Budget	PRELIMINARY	FINAL Budget	FINAL FY2020		ESTIMATED		Prior		%		
	EXPENSES			Budget FY2020;	FY2020; Resolution	Budget vs. Budget			BUILDOUT		Buildout	$ Change			
			FY2019										Change		
Acct#				Resolution 2019-28	2019-36	2019					(B)	Estimate				
																
	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	160,000	160,000	(56,497)		-26%		160,000		259,796	(99,796)	-38.41%		
60102	Lorraine Road from U.Pkwy. to Southern Boundary	172,580	172,000	172,000	(580)		0%		172,000		207,096	(35,096)	-16.95%		
60103	LWR Blvd. from Communications Pkwy. to Southern Boundary	151,700	120,000	120,000	(31,700)		-21%		120,000		182,040	(62,040)	-34.08%		
60104	Lorraine Road; South Boundary to Fruitville Road	41,200	41,200	41,200	-		0%		41,200		-	41,200	#DIV/0!		
	Future Roads	-	200,000	200,000	200,000				350,000		500,000	(150,000)	-30.00%		
	Subtotal Landscape Maintenance Contracts	581,977	693,200	693,200	111,224		19%		843,200		1,148,932	(305,732)	-26.61%		
										53.43%					
SRQ	NON CONTRACTED LANDSCAPING & IRRIGATION REPAIRS																		
60200	Irrigation Repairs	20,000	20,000	20,000	-		0%		26,000		65,000	(39,000)	-60.00%		
60210	Plant replacement	15,000	30,000	30,000	15,000		100%		40,000		40,000	-	0.00%		
60215	Mulching	32,450	60,000	60,000	27,550		85%		80,000		80,000	-	0.00%		
60230	Tree Trimming	33,991	40,000	40,000	6,009		18%		80,000		80,000	-	0.00%		
	Other Landscape Maintenance; Non-Contracted	4,000	10,000	10,000	6,000		150%		12,000		6,000	6,000			
	Subtotal Non-Contracted Landscaping	105,441	160,000	160,000	54,559		52%		238,000		271,000	(33,000)	-12.18%		
										15.08%					
SRQ	IRRIGATION FOR MASTER LANDSCAPING																		
60250	Monthly Meter Charge	8,868	8,868	8,868	-		0%		8,868		10,642	(1,774)	-16.67%		
60255	Utilization	60,000	200,000	200,000	140,000		233%		300,000		200,000	100,000	50.00%		
	Subtotal Irrigation	68,868	208,868	208,868	140,000		203%		308,868		210,642	98,226	46.63%		
										19.57%					
SRQ	ENVIRONMENTAL																		
60300	Lake maintenance for the lakes outside communities	10,000	12,000	12,000	2,000		20%		20,000		20,000	-	0.00%		
60310	General consulting	-	-	-	-				-		-	-			
60320	Water quality monitoring	-	-	-	-				-		-	-			
60330	Mitigation monitoring and maintenance	-	-	-	-				-		-	-			
60340	Littoral Shelf Plantings	-	2,200	2,200	2,200				2,200		-	2,200			
60350	Conservation Areas Exotic Species Removal	12,000	16,000	16,000	4,000		33%		75,000		20,000	55,000	275.00%		
	Subtotal Environmental	22,000	30,200	30,200	8,200		37%		97,200		40,000	57,200	143.00%		
										6.16%					
SRQ	UTILITIES (Estimated via historical usage and projected additional area)																		
60400	FLORIDA POWER & LIGHT	1,200	28,000	28,000	26,800		2233%		34,000		2,000	32,000	1600.00%		
60420	Manatee County	-	-	-	-				2,000		-	2,000			
	Subtotal Utilities	1,200	28,000	28,000	26,800		2233%		36,000		2,000	34,000	1700.00%		
										2.28%					
SRQ	OTHER MAINTENANCE:																		
60600	Roads and sidewalks	-	-	-	-				-		-	-			
60610	Stormwater System & Drainage	12,000	12,000	12,000	-		0%		26,000		40,000	(14,000)	-35.00%		
60611	Storm Damage and Clean Up				-				-		-	-			
60620	Sanitary Sewer	-	2,000	2,000	2,000				6,000		6,000	-	0.00%		
60630	Street Light Repair	-	-	-	-				-		-	-			
60640	Hardscapes and Signs	6,000	10,000	10,000	4,000		67%		20,000		8,225	11,775	143.17%		
60650	Miscellaneous Maintenance	2,000	2,000	2,000	-		0%		2,742		2,742	0	0.01%		
	Subtotal	20,000	26,000	26,000	6,000		30%		54,742		56,966	(2,224)	-3.90%		
										3.47%					
	TOTAL SARASOTA SECTOR	799,485	1,146,268	1,146,268	346,783		43%		1,578,010		1,729,540	(151,530)	-8.76%		

Page 6

Lakewood Ranch Stewardship District

Operations and Maintenance Budget Detail

			Budget	PRELIMINARY	FINAL Budget	FINAL FY2020		ESTIMATED		Prior		%		
	EXPENSES			Budget FY2020;	FY2020; Resolution	Budget vs. Budget			BUILDOUT			Buildout	$ Change			
			FY2019											Change		
Acct#				Resolution 2019-28	2019-36	2019					(B)		Estimate				
																	
	DISTRICT OPERATIONS AND MANAGEMENT APPORTIONED BY EDU's																		
																			
A. PERSONNEL																		
60724	Operations and Maintenance Management Fee - LWRD Personnel	268,000	300,000	300,000	32,000		12%		500,250		500,000	250	0.05%		
	Subtotal	268,000	300,000	300,000	32,000		12%		500,250		500,000	250	0.05%		
B. OPERATIONS																		
60725	Uniforms	-	2,000	2,000	2,000				5,000		5,079	(79)	-1.56%		
60730	Job Materials	6,000	6,000	6,000	-		0%		20,000		20,000	-	0.00%		
60735	Phone/Radio	-	-	-	-				12,000		12,000	-	0.00%		
60740	Office Supplies	-	-	-	-				5,000		5,000	-	0.00%		
60745	Fuel & Oil	12,400	12,400	12,400	-		0%		50,000		50,000	-	0.00%		
60750	Equipment	-	-	-	-				10,000		10,000	-	0.00%		
60755	Tools/Machinery	500	500	500	-		0%		10,000		10,000	-	0.00%		
60760	Supplies	500	500	500	-		0%		10,000		10,000	-	0.00%		
60765	Employment Advertising	-	-	-	-				2,000		2,000	-	0.00%		
60770	Miscellaneous Maintenance	2,000	2,000	2,000	-		0%		24,000		24,000	-	0.00%		
	Maintenance Facility Rent	-	-	-	-				24,000		24,000	-	0.00%		
	Vehicle R&M	1,200	1,200	1,200	-		0%		10,000		5,000	5,000	100.00%		
	Vehicle Leases	7,800	7,800	7,800	-		0%		36,000		36,000	-	0.00%		
	Waste Management	1,600	3,000	3,000	1,400		88%		5,000		5,000	-	0.00%		
	Centralized Irrigation System	-	-	-	-				2,000		2,000	-	0.00%		
	Subtotal	32,000	35,400	35,400	3,400		11%		225,000		220,079	4,921	98.44%		
C. COMMUNITY SERVICES PARKS & AMENITIES ADMIN. FEE	-	96,240	96,240	96,240				317,088		-	317,088	198.44%		
	Total Operations and Management	300,000	431,640	431,640	131,640		44%		1,042,338		720,079	322,259	296.94%		
	PARKS; APPORTIONED BY EDU'S																		
60791	Robert N Gardner Park at Lakewood Centre	150,000	276,000	276,000	126,000		84%		264,000		200,000	64,000	32.00%		
60792	James L Patton Park at Kent Lake	60,000	60,000	60,000	-		0%		60,000		60,000	-	0.00%		
60793	Roger A Hill Park at White Eagle Blvd.	12,000	12,000	12,000	-		0%		60,000		60,000	-	0.00%		
NEW	Stewardship District Park at Waterside Place	-	-	-	-				350,000		-	350,000			
	Total Parks	222,000	348,000	348,000	126,000		57%		734,000		320,000	414,000	129.38%		
															
	TOTAL MAINTENANCE	4,402,352	6,763,545	6,763,545	2,361,193		54%		8,528,805		7,312,321	1,216,484	16.64%		
																			
	ADMINISTRATIVE																		
70000	Insurance	8,000	8,000	8,000	-		0%		20,000		42,517	(22,517)	-52.96%		
70010	Meeting Advertising	15,000	15,000	15,000	-		0%		20,000		42,517	(22,517)	-52.96%		
70020	Real Estate Taxes	-	-	-	-				-		-	-			
70030	Engineering	70,000	70,000	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	100,000	100,000	-		0%		125,000		125,000	-	0.00%		
70060	Accounting	32,000	32,000	32,000	-		0%		75,000		125,000	(50,000)	-40.00%		
70065	Lien Book and Tax Roll	139,000	150,000	150,000	11,000		8%		150,000		150,000	-	0.00%		
70070	Annual Audit	17,000	17,000	17,000	-		0%		50,000		75,000	(25,000)	-33.33%		
70080	Trustee	100,000	100,000	100,000	-		0%		150,000		200,000	(50,000)	-25.00%		
70090	Manager	85,000	108,000	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	1,500	1,500	-		0%		1,500		-	1,500			
70160	Other Current Charges	3,810	3,810	3,810	-		0%		10,629		10,629	-	0.00%		
70170	Dues, Licenses, Subscriptions	500	22,000	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	658,810	658,810	55,500		9%		926,786		1,124,383	(197,596)	-17.57%		
	RESERVES	-	152,578	152,578	152,578				276,375		200,000	76,375	38.19%		
	EXPENSES GRAND TOTAL	5,005,662	7,574,933	7,574,933	2,569,271		51%		9,731,966		8,636,704	1,095,262	12.68%		

Page 7

Lakewood Ranch Stewardship District

Operations and Maintenance Budget Detail

				Budget	PRELIMINARY	FINAL Budget	FINAL FY2020		ESTIMATED		Prior		%		
		EXPENSES			Budget FY2020;	FY2020; Resolution	Budget vs. Budget			BUILDOUT		Buildout	$ Change			
				FY2019										Change		
Acct#		Resolution 2019-28	2019-36	2019					(B)	Estimate				

		REVENUES - % FROM PLATTED LOTS								100%					
		ASSESSMENTS FROM PLATTED LOTSᵇ	2,918,102	4,326,130	4,326,130	1,408,028		48%		9,731,966		8,636,704	1,095,262	12.68%		
		ASSESSMENTS FROM UNPLATTED	131,204	186,747	186,747	55,543		42%									-			
		LANDOWNER CONTRIBUTIONS (A)	1,956,356	3,062,056	3,061,056	1,104,700		56%									-			
		INTEREST INCOME		-	-	-											-			
		OTHER INCOME (PARK RENTAL FEES)		-	1,000	1,000											-			
		TOTAL	5,005,662	7,574,933	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	0	0	0				0				0				

(A) 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.

(B)	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 2019-36 OF THE LAKEWOOD RANCH STEWARDSHIP DISTRICT BOARD OF SUPERVISORS WHILE IN REGULAR SESSION WITH A QUORUM PRESENT AND VOTING ON AUGUST 9, 2019

CHAIRMAN/VICE-CHAIRMAN

Page 8

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

		PRELIMINARY			AVG. PER		ESTIMATED		AVG. PER	PRIO	CHANGE VS.								
	2019 ESTIMATE			UNITS			BUILDOUT	UNITS											
		BUDGET 2020			UNIT				UNIT	R	PRIOR YEAR								
							BUDGET												
										YEAR									
																			
SOURCES OF FUNDS																			
ASSESSMENTS - PLATTED PARCELS	$2,918,102	$4,326,130		10,937	$396		$9,731,966	25,633	$380	$326	$54								
	SE																		
	NW																		
	NE																		
	SRQ																		

ASSESSMENTS  - UNPLATTED LAND	$150,738	$186,747					$0												
	SE																		
	NW																		
	NE																		
	SRQ																		

LANDOWNER CONTRIBUTIONS - SMR	$2,085,819	$3,061,056					$0												
	SE																		
																			
	NW																		
	NE																		
	SRQ																		

TOTAL SOURCES	$5,154,659	$7,573,933		10,937	$396		$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								
																			
													AVG. PER UNIT			PRIOR YEAR		
						NET ASSESSMENT PER UNIT BY SECTOR:				7% GROSS UP:		7% GROSS UP:		
NET ADDITION TO FUND BALANCE	$0	-$1,000				SOUTHEAST SECTOR TOTAL	$540	$476	$64	12%	$578		$515			
						NORTHWEST SECTOR TOTAL	$336	$299	$37	12%	$360		$318			
USES CHANGE VS PRIOR YEAR		$2,420,274				NORTHEAST SECTOR TOTAL	$281	$206	$75	32%	$301		$232			
PERCENTAGE CHANGE		47%				SARASOTA SECTOR TOTAL	$564	$519	$45	8%	$603		$589			

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

Page 9

			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														
																							Revenue based on # of EDU		
			ESTIMATED EDU'S																
										I	PROJECTED BUILDOUT EDU'S				PLATTED AS OF MAY 2019			W/IN		ASSESSMENTS			
												AS OF MAY 2019		% OF		BUDGET YEAR EDU'S		% OF	SECTOR	PER	REVENUE	PRIOR	VAR		
Billable								RES UNITS	RES EDU	COMM EDU	TOTAL	TOTAL	RES UNITS	RES EDU	COMM	TOTAL	TOTAL	% 'S	EDU	TOTAL	YEAR			
	Acres		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				
450		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				
643		DEL WEBB - Pulte Homes		1,300	1,300		1,300	5.07%	855	855		855	7.82%	30%		461,954				
339		Toll Brothers		450	450		450	1.76%	151	151		151	1.38%	5%		81,585				
83		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				
1.32		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%		
	Acres	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):																		
			--										2.00	2.00	0.01%			0	0	0.00%	0%		0				
0.95		The Green @ LWR - Lot 1 - ID #583207059																		
0.78		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				
0.71		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				
1.09		The Green @ LWR - Lot 6 - ID #583207309				3.00	3.00				0	0	0.00%	0%		0				
1.46		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				
187		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				
1.34		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:																			
100		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				
150		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				
21		ECHO LAKE APARTMENTS - Home by Towne		360	180		180	0.70%	360	180		180	1.65%	3%		60,544				
93		INDIGO - Neal Homes		590	590		590	2.30%	590	590		590	5.39%	11%		198,450				
304		SAVANNAH - Meritage Homes		475	475		475	1.85%	361	361		361	3.30%	7%		121,425				
74.4		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				
65		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:																			
85.5		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				
1.32		Ungabungawunga - ID #579102409				4	4	0.02%			0	0	0.00%	0%		0				
1.4		Sorrentino - ID# 579102709				4	4	0.02%			0	0	0.00%	0%		0				
2.99		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%		
	Acres		NE SECTOR																		
1292		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				
992		Taylor Morrison		1,685	1,685		1,685	6.57%				0	0.00%	0%		0				
250		CRESSWIND - Kolter		651	651		651	2.54%				0	0.00%	0%		0				
278		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:																		
																						
16.94		Publix + 3 outparcels - ID# 582200609				100	100	0.39%				0	0.00%	0%		0				
11		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				
2.54		JK Investment - ID #582202159				30	30	0.12%				0	0.00%	0%		0				
0.865		TB SR70 LLC - ID #582202219				30	30	0.12%				0	0.00%	0%		0				
1.136		TB SR70 LLC - ID #582202239				30	30	0.12%				0	0.00%	0%		0				
3.26		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%		
	Acres	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				
8.58		DD Waterside, LLC (Davis Apts) - ID #0193010004		208	104		104	0.41%				0	0.00%	0%		0				
5.09		DD Waterside, LLC (Davis Apts) - ID #0193010005		100	50		50	0.20%				0	0.00%	0%		0				
5.01		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

Page 10

LAKEWOOD RANCH STEWARDSHIP DISTRICT

ESTIMATED ACRES BY PARCEL BASED ON PROJECTIONS AS OF MAY 2019

FOR ALLOCATION OF OPERATION & MAINTENANCE ASSESSMENTS ON LAND NOT PLATTED

FOR OCTOBER 2019 TO SEPTEMBER 2020 DISTRICT OPERATIONS & MAINTENANCE BUDGET

	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					
	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			
																	$57,945			
	Northwest Sector:													
	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			
																	$10,314			
	Northeast Sector:												
							1.55								
	LAKEWOOD NATIONAL / POLO RUN - Lennar Homes	1,292.00	1,999			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			
																	$117,184			
	Sarasota:												
						12.12								
	DD Waterside, LLC (Davis Apts) - ID #0193010004	8.58	104			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			

Page 11

LAKEWOOD RANCH STEWARDSHIP DISTRICT

Projected General Maintenance & Administration Cost at Buildout - Shared Expenses Per EDU

									EQUIVALENT DWELLING UNITS (EDU'S)															
		Projected		SE Sector Build-Out	NW Sector Build-Out	NE Sector Build-Out	SRQ Sector Build-Out	Total Build-Out	2019/2020	SE		NW		NE		SRQ			
		Build-Out							Budget										
																													
		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%									I		
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	I	$28	75,824	I	$28	82,595	I	$28		30,960	I	$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	I	$77	491,760	I	$76	535,673	I	$76		200,791	I	$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		Assets Reserves																		
				in Years																				
																													
							G Vehicles:	User:		EST. Cost		Useful Life		Annual Depr.	Replacement	Replacement		Replacement		Replacement		Replacement			
	1 Pavilions (2)	$	387,986		30						in Years			Year 1	Year 2		Year 3		Year 4		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

updated on 8/1/2019	Lakewood Ranch Stewardship District	
	Parks/Facilities/Assets Reserves	

FY YEAR ENDING:

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

	2020			2021		2022			2023			2024			2025			2026			
increase	draw	balance	increase	draw	balance	increase	balance	increase	draw	balance	increase	draw	balance	increase	draw	balance	increase	draw	balance		
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		
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		
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		
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		
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		
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		
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		
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		
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		
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		
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		
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		
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		
	1			2					4			5			6			7			
						3															

appropriations	

appropriations	

	2027			2028			2029			2030				2031				2032		2033			
	increase	balance	increase	draw	balance	increase	draw	balance	increase	draw	balance	increase		draw	balance	increase		draw	balance	increase	balance		
A1	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		
A2	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		
A3	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		
B1	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		
B2	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		
B3	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		
C	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		
D	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		
E	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		
F	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		
G	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		
H	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		
TOTAL	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	I	(40,000)	957,633	193,506	I	(45,000)	1,106,139	197,376	1,303,516		
year	8			9			10			11				12				13		14			
																							
		2034			2035			2036			2037			2038			2039			2040		
	increase	draw	balance	increase	draw	balance	increase	draw	balance	increase	draw	balance		increase	balance	increase		draw	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		

page 14

updated on 8/1/2019

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

Lakewood Ranch Stewardship District

Parks/Facilities/Assets Reserves

	2041			2042		2043		2044			2045			2046			2047		2048		
increase	draw	balance	increase	draw	balance	increase	balance	increase	draw	balance	increase	draw	balance	increase	draw	balance	increase	draw	balance	increase	balance	
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	
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	
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	
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	
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	
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	
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	
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	
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	
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	
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	
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	
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	

appropriations	

		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	

page 15