Reunion West
Community Development District
Adopted Budget
FY 2018

 	 	 	 	 	 	 	 	 	 	 	 	 	 	

Table of Contents

1-3

4-9

10

11

12

13

14

15

16

17

18

 	General Fund 

 	General Fund Narrative

 	Replacement & Maintenance Fund

 	Debt Service Fund Series  2004-1

 	Amortization Schedule Series 2004-1

 	Debt Service Fund Series 2015 

 	Amortization Schedule Series 2015

 	Debt Service Fund Series 2016

 	Amortization Schedule Series 2016

 	Debt Service Fund Series 2017

 	Amortization Schedule Series 2017

	Adopted Budget	Actual thru	Projected Next 3	Total thru	Adopted Budget	
Description	FY2017	6/30/17	Months	9/30/17	FY2018	

Revenues						

Special Assessments - Tax Collector	
$349,837	
$409,144	
$861	
$410,005	
$517,848	
Special Assessments - Direct	$575,240	$447,025	$75,969	$522,994	$536,999	
Interest	$0	$3	$0	$3	$0	
Miscellaneous Income	$2,556	$2,364	$788	$3,152	$15,353	
Total Revenues	$927,633	$858,536	$77,618	$936,154	$1,070,201	

Expenditures						

Administrative						

Supervisor Pay	
$12,000	
$5,600	
$3,000	
$8,600	
$12,000	
FICA	$918	$428	$230	$658	$918	
Engineering	$6,000	$6,454	$1,546	$8,000	$8,000	
Attorney	$17,000	$9,679	$7,321	$17,000	$17,000	
Trustee Fees	$18,658	$13,772	$4,886	$18,658	$21,000	
Dissemination	$5,000	$3,750	$1,250	$5,000	$7,500	
Arbitrage	$1,800	$0	$1,800	$1,800	$2,400	
Collection Agent	$5,000	$5,000	$0	$5,000	$7,500	
Property Appraiser Fee	$500	$404	$0	$404	$500	
Annual Audit	$4,900	$5,000	$0	$5,000	$5,100	
Management Fees	$42,984	$32,238	$10,746	$42,984	$42,984	
Information Technology	$2,200	$1,650	$550	$2,200	$2,200	
Telephone	$300	$54	$46	$100	$300	
Postage	$1,000	$342	$108	$450	$1,000	
Printing & Binding	$1,600	$432	$568	$1,000	$1,600	
General Liability Insurance	$9,300	$8,540	$0	$8,540	$9,400	
Legal Advertising	$1,200	$3,793	$1,275	$5,068	$1,500	
Other Current Charges	$350	$202	$48	$250	$350	
Office Supplies	$300	$124	$76	$200	$300	
Travel Per Diem	$600	$0	$0	$0	$600	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Administrative Expenses	$131,785	$97,637	$33,450	$131,086	$142,327	

Maintenance - Shared Expenses						

Field Management	
$20,727	
$15,545	
$5,182	
$20,727	$27,636 1	
Management Services Agreement	$0	$0	$0	$0	$0 2	
Facility Lease Agreement	$15,781	$0	$0	$0	$21,042 3	
Telephone	$2,400	$1,878	$699	$2,577	$3,200 4	
Electric	$174,000	$129,477	$44,046	$173,523	$232,000 5	
Water & Sewer	$18,600	$16,663	$6,165	$22,828	$30,000 6	
Gas	$27,000	$14,431	$2,115	$16,546	$30,800 7	
Pool and Fountain Maintenance	$52,500	$47,699	$14,094	$61,793	$70,000 8	
Environmental	$3,000	$1,713	$285	$1,998	$4,000 9	
Property Insurance	$12,900	$12,404	$0	$12,404	$17,400 10	
Irrigation Repairs & Maintenance	$3,750	$4,624	$1,110	$5,734	$5,000 11	
Landscape Contract	$232,887	$197,135	$75,656	$272,791	$310,516 12	
Landscape Contingency	$11,648	$3,284	$2,994	$6,278	$15,530 13	
Landscape Consulting	$11,700	$12,995	$3,608	$16,602	$15,600 14	
Gate & Gatehouse Expenses	$9,600	$5,880	$0	$5,880	$12,800 15	
Roadways/Sidewalks/Bridge	$13,920	$10,865	$0	$10,865	$18,560 16	
Lighting	$2,400	$1,306	$492	$1,798	$3,200 17	
Building Repairs & Maintenance	$12,000	$5,101	$0	$5,101	$16,000 18	
Pressure Washing	$12,000	$222	$0	$222	$16,000 19	
Maintenance (Inspections)	$525	$474	$272	$746	$700 20	
Pest Control	$217	$0	$0	$0	$290 21	
Signage	$0	$684	$0	$684	$1,600 22	
Security	$42,000	$38,850	$12,950	$51,800	$56,000 23	
Total Shared Maintenance	$679,555	$521,232	$169,667	$690,899	$907,874	

	Adopted
Budget	Actual
thru	Projected
Next 3	Total
thru	Adopted
Budget	
Description	FY2017	6/30/17	Months	9/30/17	FY2018	

Maintenance - Direct Expenses						

Irrigation System Operations	
$20,000	
$0	
$0	
$0	
$20,000	
Operating Reserves	$45,000	$0	$0	$0	$0	
Transfer Out - R&M Fund	$51,293	$51,293	$0	$51,293	$0	
			`			
Total Maintenance Expenses	$116,293	$51,293	$0	$51,293	$20,000	
						
Total Expenses	$927,633	$670,161	$203,117	$873,278	$1,070,201	
						
Excess Revenues (Expenditures)	$0	$188,374	($125,498)	$62,876	$0	

Net Assessments	$1,054,848	
Add: Discounts & Collections	 	$67,331 	
Gross Assessments	$1,122,178	

Notes:
(1 thru 23) were adopted in FY17 with 30% of the shared costs with the remaining 70% allocated to Reunion East. Subsequent to budget adoption, Board revised allocation to 37% of the shared costs with the remaining 63% allocated to Reunion East. FY18 will operate with an allocation of 40% for Reunion West and 60% for Reunion East.

FY 2017
Budget	FY 2017
Projections	Total Prop 2018 Budget	Reunion East 60%	Reunion West 40%	
$69,090	$69,090	$69,090	$41,454	$27,636	
$0	$0	$0	$0	$0	
$52,604	$0	$52,604	$31,562	$21,042	
$8,000	$7,690	$8,000	$4,800	$3,200	
$580,000	$545,871	$580,000	$348,000	$232,000	
$62,000	$70,780	$75,000	$45,000	$30,000	
$90,000	$50,068	$77,000	$46,200	$30,800	
$175,000	$166,099	$175,000	$105,000	$70,000	
$10,000	$5,401	$10,000	$6,000	$4,000	
$43,000	$41,348	$43,500	$26,100	$17,400	
$12,500	$13,291	$12,500	$7,500	$5,000	
$776,290	$737,273	$776,290	$465,774	$310,516	
$38,825	$19,175	$38,825	$23,295	$15,530	
$39,000	$44,871	$39,000	$23,400	$15,600	
$32,000	$15,891	$32,000	$19,200	$12,800	
$46,400	$29,365	$46,400	$27,840	$18,560	
$8,000	$5,932	$8,000	$4,800	$3,200	
$40,000	$13,821	$40,000	$24,000	$16,000	
$40,000	$600	$40,000	$24,000	$16,000	
$1,750	$2,016	$1,750	$1,050	$700	
$725	$0	$725	$435	$290	
$0	$1,848	$4,000	$2,400	$1,600	
$140,000	$140,000	$140,000	$84,000	$56,000	
$2,265,184	$1,980,430	$2,269,684	$1,361,810	$907,874	

Shared Costs

Field Maintenance
Management Services Agreement 3 Facility Lease Agreement
Telephone
Electric
Water & Sewer 7 Gas
8 Pool & Fountain Maintenance 9 Environmental
Property Insurance
Irrigation Repairs & Maintenance 12 Landscape Contract
Landscape Contingency
Landscaping Consulting
Gate and Gatehouse Expenses 16 Roadways/Sidewalks/Bridge
Lighting
Building Repairs & Maintenance 19 Pressure Washing
Maintenance (Inspections)
Pest Control
Signage
Security

FISCAL YEAR 2018

Reunion West Projected EAU Administrative & Maintenance Calculation
Total	% of	Total	Gross Per Unit
Product Type	EAU	Units	EAU	EAU	Assessments	Assessments	
Commercial	1.00	185	185.00	3.88%	$43,572.88	$235.53	
Hotel/Condo	1.00	1,000	1,000.00	20.99%	$235,529.08	$235.53	
Multi-Family	1.50	827	1,240.50	26.04%	$292,173.82	$353.29	
Single-Family	2.00	1,157	2,314.00	48.57%	$545,014.29	$471.06	
Golf	1.00	25	25.00	0.52%	$5,888.23	$235.53	
		3,194	4,764.50	100.00%	$1,122,178.30		

FISCAL YEAR 2017

Reunion West Projected EAU Administrative & Maintenance Calculation
Total	% of	Total	Gross Per Unit
Product Type	EAU	Units	EAU	EAU	Assessments	Assessments
Commercial	1.00	185	185.00	3.93%	$38,658.65	$208.97	
Hotel/Condo	1.00	1,000	1,000.00	21.23%	$208,965.69	$208.97	
Multi-Family	1.50	1,385	2,077.50	44.11%	$434,126.23	$313.45	
Single-Family	2.00	711	1,422.00	30.19%	$297,149.22	$417.93	
Golf	1.00	25	25.00	0.53%	$5,224.14	$208.97	
		3,306	4,709.50	100.00%	$984,123.94		

GROSS PER UNIT ASSESSMENT COMPARISON CHART

Product Type	FY2014
Gross Per Unit Assessments	FY2015
Gross Per Unit Assessments	FY2016
Gross Per Unit Assessments	FY2017
Gross Per Unit Assessments	FY2018
Gross Per Unit Assessments	
Increase/ (Decrease)	
Commercial	$155.85	$155.85	$38,658.65	$208.97	$235.53	$26.56	
Hotel/Condo	$155.85	$155.85	$208,965.69	$208.97	$235.53	$26.56	
Multi-Family	$233.77	$233.77	$434,126.23	$313.45	$353.29	$39.85	
Single-Family	$311.70	$311.70	$297,149.22	$417.93	$471.06	$53.13	
Golf	$155.85	$155.85	$5,224.14	$208.97	$235.53	$26.56	

REVENUES:

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

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

Miscellaneous Income
Any additional funds generated by the District.

EXPENDITURES:

Administrative:

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

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

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

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

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

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

Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District’s Special Assessment Bonds and Special Assessment Refunding and Improvement Bonds. The District has contracted with Grau & Associates to calculate the rebate liability and submit a report to the District.

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

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

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

District Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – Central Florida, LLC. (“Manager”) These services include, but are not limited to, advertising, recording and transcribing of Board meetings, administrative services, budget preparation, financial reporting and assisting with annual audits.

Information Technology
Represents costs related to the District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic date requirements.

Telephone
Telephone and fax machine costs incurred by Manager.

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

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

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

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

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

Office Supplies
Miscellaneous office supplies.

Travel Per Diem
Represents reimbursed costs to Board Members for attendance at meetings.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Economic Opportunity of $175. This is the only expense under this category for the District.

Maintenance:

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

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

Management Service Agreement
Management Service Agreement between the District and The Reunion Club of Orlando, LLC for management and operations of certain District facilities. Per executed agreement, fees for 2016 calendar year are eliminated.

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

Telephone
This is a service for the pool buildings’ and horse stables phone lines.

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

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

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

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

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

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

Irrigation Repairs & Maintenance
Represents the District expense for maintenance of the irrigation system.

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

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

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

Gate & Gatehouse Expenses
Amounts based upon estimated expenditures for any repairs and maintenance to entry gates and gatehouse.

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

Lighting
Represents costs for lighting repair scheduled during the fiscal year.

Building Repairs & Maintenance
Repairs for properties covered under the Management Services Agreement.

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

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

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

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

Maintenance – Direct Expenses

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

Reunion West
Community Development District Adopted Budget
Replacement & Maintenance Fund
Fiscal Year 2018

	Adopted
Budget	Actual
thru	Projected
Next 3	Total
thru	Adopted
Budget	
Description	FY2017	6/30/17	Months	9/30/17	FY2018	

Revenues						
Transfer In	$51,293	$51,293	$0	$51,293	$0	
Interest	$3,000	$10,231	$2,769	$13,000	$3,000	
Total Revenues	$54,293	$61,524	$2,769	$64,293	$3,000	

Expenditures						

Building Improvements	
$36,300	
$1,869	
$0	
$1,869	$40,000 1	
Fountain Improvements	$0	$0	$0	$0	$0 2	
Pool Furniture	$3,300	$4,088	$0	$4,088	$4,800 3	
Pool Repair & Replacements	$10,500	$4,721	$0	$4,721	$21,200 4	
Lighting Improvements	$0	$0	$0	$0	$0 5	
Landscape Improvements	$21,000	$48,518	$0	$48,518	$50,000 6	
Signage	$0	$8,325	$0	$8,325	$4,000 7	
Signalization	$0	$0	$0	$0	$60,000	8	
Capital Outlay	$80,000	$0	$0	$0	$0		
Total Expenditures	$151,100	$67,521	$0	$67,521	$180,000		
							
Excess Revenues/(Expenditures)	($96,807)	($5,996)	$2,769	($3,227)	($177,000)		
							
Fund Balance - Beginning	$1,842,734	$1,535,488	$0	$1,535,488	$1,532,261		
							
Fund Balance - Ending	$1,745,927	$1,529,492	$2,769	$1,532,261	$1,355,261		

Notes:
(1 thru 7) were adopted in FY17 with 30% of the shared costs with the remaining 70% allocated to Reunion East. Subsequent to budget adoption, Board revised allocation to 37% of the shared costs with the remaining 63% allocated to Reunion East. FY18 will operate with an allocation of 40% to Reunion West and 60% to Reunion East.

FY 2017
Budget	FY 2017
Projections	Total Prop
2018 Budget	Reunion East
60%	Reunion West
40%	
$121,000	$5,050	$100,000	$60,000	$40,000	
$0	$0	$0	$0	$0	
$11,000	$11,049	$12,000	$7,200	$4,800	
$35,000	$12,760	$53,000	$31,800	$21,200	
$0	$0	$0	$0	$0	
$70,000	$131,129	$125,000	$75,000	$50,000	
$0	$22,500	$10,000	$6,000	$4,000	
$0	$0	$150,000	$90,000	$60,000	
$237,000	$182,488	$450,000	$270,000	$180,000	

Shared Costs

1 Building Improvements 2 Fountain Improvements
Pool Furniture
Pool Repair & Replacements 5 Lighting Improvements
Landscape Improvements
Signage
Signalization

Reunion West
Community Development District Adopted Budget
Debt Service - Series 2004-1
Fiscal Year 2018

	Adopted
Budget	Actual
thru	Projected
Next 3	Total
thru	Adopted
Budget	
Description	FY2017	6/30/17	Months	9/30/17	FY2018	

Revenues						
Special Assessments - Tax Collector	$1,360,400	$1,355,439	$2,853	$1,358,292	$1,336,719	
Carry Forward Surplus	$540,083	$549,041	$0	$549,041	$564,457	
Interest Income	$300	$3,154	$846	$4,000	$300	
Total Revenue	$1,900,783	$1,907,634	$3,699	$1,911,332	$1,901,476	

Expenditures						
Series 2004-1
Interest Expense 11/01	
$475,938	
$475,938	
$0	
$475,938	
$463,594	
Principal Expense 05/01	$395,000	$395,000	$0	$395,000	$420,000	
Interest Expense 05/01	$475,938	$475,938	$0	$475,938	$463,594	
Total Expenses	$1,346,875	$1,346,875	$0	$1,346,875	$1,347,188	
						
Excess Revenues (Expenditures)	$553,908	$560,759	$3,699	$564,457	$554,289	
				
11/1/18	
$450,469	
			Net Assessments		$1,336,719	
Add: Discounts & Collections (4%) 			$55,697 Gross Assessments	 	$1,392,415 

Product Type	
EAU	
Units	Total
EAU	% of
EAU	Total
Assessments	Gross Per Unit
Assessments	
Single-Family	2.00	711	1422.00	98.27%	$1,392,600	$1,958.65	
Golf	1.00	25	25.00	1.73%	$24,483	$979.32	
		736	1447.00	100.00%	$1,417,083		

Series 2004-1 Special Assessment Bonds
Debt Service Schedule		
AMORTIZATION SCHEDULE		
DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	

05/01/17	
$15,230,000.00	
6.250%	
$395,000	
$	475,937.50		
11/01/17	$14,835,000.00	6.250%	$0	$	463,593.75	$	1,334,531.25	
05/01/18	$14,835,000.00	6.250%	$420,000	$	463,593.75		
11/01/18	$14,415,000.00	6.250%	$0	$	450,468.75	$	1,334,062.50	
05/01/19	$14,415,000.00	6.250%	$445,000	$	450,468.75		
11/01/19	$13,970,000.00	6.250%	$0	$	436,562.50	$	1,332,031.25	
05/01/20	$13,970,000.00	6.250%	$475,000	$	436,562.50		
11/01/20	$13,495,000.00	6.250%	$0	$	421,718.75	$	1,333,281.25	
05/01/21	$13,495,000.00	6.250%	$505,000	$	421,718.75		
11/01/21	$12,990,000.00	6.250%	$0	$	405,937.50	$	1,332,656.25	
05/01/22	$12,990,000.00	6.250%	$540,000	$	405,937.50		
11/01/22	$12,450,000.00	6.250%	$0	$	389,062.50	$	1,335,000.00	
05/01/23	$12,450,000.00	6.250%	$575,000	$	389,062.50		
11/01/23	$11,875,000.00	6.250%	$0	$	371,093.75	$	1,335,156.25	
05/01/24	$11,875,000.00	6.250%	$610,000	$	371,093.75		
11/01/24	$11,265,000.00	6.250%	$0	$	352,031.25	$	1,333,125.00	
05/01/25	$11,265,000.00	6.250%	$650,000	$	352,031.25		
11/01/25	$10,615,000.00	6.250%	$0	$	331,718.75	$	1,333,750.00	
05/01/26	$10,615,000.00	6.250%	$695,000	$	331,718.75		
11/01/26	$9,920,000.00	6.250%	$0	$	310,000.00	$	1,336,718.75	
05/01/27	$9,920,000.00	6.250%	$735,000	$	310,000.00		
11/01/27	$9,185,000.00	6.250%	$0	$	287,031.25	$	1,332,031.25	
05/01/28	$9,185,000.00	6.250%	$785,000	$	287,031.25		
11/01/28	$8,400,000.00	6.250%	$0	$	262,500.00	$	1,334,531.25	
05/01/29	$8,400,000.00	6.250%	$835,000	$	262,500.00		
11/01/29	$7,565,000.00	6.250%	$0	$	236,406.25	$	1,333,906.25	
05/01/30	$7,565,000.00	6.250%	$890,000	$	236,406.25		
11/01/30	$6,675,000.00	6.250%	$0	$	208,593.75	$	1,335,000.00	
05/01/31	$6,675,000.00	6.250%	$945,000	$	208,593.75		
11/01/31	$5,730,000.00	6.250%	$0	$	179,062.50	$	1,332,656.25	
05/01/32	$5,730,000.00	6.250%	$1,010,000	$	179,062.50		
11/01/32	$4,720,000.00	6.250%	$0	$	147,500.00	$	1,336,562.50	
05/01/33	$4,720,000.00	6.250%	$1,070,000	$	147,500.00		
11/01/33	$3,650,000.00	6.250%	$0	$	114,062.50	$	1,331,562.50	
05/01/34	$3,650,000.00	6.250%	$1,140,000	$	114,062.50		
11/01/34	$2,510,000.00	6.250%	$0	$	78,437.50	$	1,332,500.00	
05/01/35	$2,510,000.00	6.250%	$1,215,000	$	78,437.50		
11/01/35	$1,295,000.00	6.250%	$0	$	40,468.75	$	1,333,906.25	
05/01/36	$1,295,000.00	6.250%	$1,295,000	$	40,468.75	$	1,335,468.75	
			$15,230,000	$	11,448,437.50	$	26,678,437.50	

Adopted Budget Debt Service - Series 2015
Fiscal Year 2018

	Adopted
Budget	Actual
thru	Projected
Next 3	Total
thru	Adopted
Budget	
Description	FY2017	6/30/17	Months	9/30/17	FY2018	

Revenues						
Special Assessments	$326,875	$332,612	$700	$333,312	$326,875	
Interest	$0	$446	$104	$550	$0	
Carry Forward Surplus	$127,544	$129,802	$0	$129,802	$134,677	
Total Revenue	$454,419	$462,861	$804	$463,665	$461,552	

Expenditures						
Series 2015						
Interest Expense 11/01	$96,994	$96,994	$0	$96,994	$94,631	
Principal Expense 05/01	$135,000	$135,000	$0	$135,000	$140,000	
Interest Expense 05/01	$96,994	$96,994	$0	$96,994	$94,631	
Total Expenses	$328,988	$328,988	$0	$328,988	$329,263	
						
Excess Revenues (Expenditures)	$125,432	$133,873	$804	$134,677	$132,290	
				
11/1/18	
$92,181	

Reunion West Community Development District
Series 2015 Special Assessment Refunding & Improvement Bonds Debt Service Schedule (Term Bonds Due Combined)

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

05/01/17	$4,155,000.00	$135,000	$	96,993.75		
11/01/17	$4,020,000.00	$0	$	94,631.25	$	326,625.00	
05/01/18	$4,020,000.00	$140,000	$	94,631.25		
11/01/18	$3,880,000.00	$0	$	92,181.25	$	326,812.50	
05/01/19	$3,880,000.00	$145,000	$	92,181.25		
11/01/19	$3,735,000.00	$0	$	89,643.75	$	326,825.00	
05/01/20	$3,735,000.00	$150,000	$	89,643.75		
11/01/20	$3,585,000.00	$0	$	86,456.25	$	326,100.00	
05/01/21	$3,585,000.00	$155,000	$	86,456.25		
11/01/21	$3,430,000.00	$0	$	83,162.50	$	324,618.75	
05/01/22	$3,430,000.00	$160,000	$	83,162.50		
11/01/22	$3,270,000.00	$0	$	79,762.50	$	322,925.00	
05/01/23	$3,270,000.00	$170,000	$	79,762.50		
11/01/23	$3,100,000.00	$0	$	76,150.00	$	325,912.50	
05/01/24	$3,100,000.00	$175,000	$	76,150.00		
11/01/24	$2,925,000.00	$0	$	72,431.25	$	323,581.25	
05/01/25	$2,925,000.00	$185,000	$	72,431.25		
11/01/25	$2,740,000.00	$0	$	68,500.00	$	325,931.25	
05/01/26	$2,740,000.00	$190,000	$	68,500.00		
11/01/26	$2,550,000.00	$0	$	63,750.00	$	322,250.00	
05/01/27	$2,550,000.00	$200,000	$	63,750.00		
11/01/27	$2,350,000.00	$0	$	58,750.00	$	322,500.00	
05/01/28	$2,350,000.00	$210,000	$	58,750.00		
11/01/28	$2,140,000.00	$0	$	53,500.00	$	322,250.00	
05/01/29	$2,140,000.00	$225,000	$	53,500.00		
11/01/29	$1,915,000.00	$0	$	47,875.00	$	326,375.00	
05/01/30	$1,915,000.00	$235,000	$	47,875.00		
11/01/30	$1,680,000.00	$0	$	42,000.00	$	324,875.00	
05/01/31	$1,680,000.00	$245,000	$	42,000.00		
11/01/31	$1,435,000.00	$0	$	35,875.00	$	322,875.00	
05/01/32	$1,435,000.00	$260,000	$	35,875.00		
11/01/32	$1,175,000.00	$0	$	29,375.00	$	325,250.00	
05/01/33	$1,175,000.00	$275,000	$	29,375.00		
11/01/33	$900,000.00	$0	$	22,500.00	$	326,875.00	
05/01/34	$900,000.00	$285,000	$	22,500.00		
11/01/34	$615,000.00	$0	$	15,375.00	$	322,875.00	
05/01/35	$615,000.00	$300,000	$	15,375.00		
11/01/35	$315,000.00	$0	$	7,875.00	$	323,250.00	
05/01/36	$315,000.00	$315,000	$	7,875.00	$	322,875.00	
		$4,155,000	$	2,336,581.25	$	6,491,581.25	

Reunion West
Community Development District Adopted Budget
Debt Service - Series 2016
Fiscal Year 2018

	Adopted
Budget	Actual
thru	Projected
Next 3	Total
thru	Adopted
Budget	
Description	FY2017	6/30/17	Months	9/30/17	FY2018	

Revenues						
Special Assessments	$549,750	$555,159	$604	$555,763	$549,750	
Interest	$0	$548	$102	$650	$0	
Carry Forward Surplus	$170,903	$170,946	$0	$170,946	$354,469	
Transfer In	$0	$1,737	$0	$1,737	$0	
Total Revenue	$720,653	$728,390	$706	$729,097	$904,219	

Expenditures						
Series 2016						
Interest Expense 11/01	$170,903	$170,903	$0	$170,903	$203,725	
Principal Expense 11/01	$0	$0	$0	$0	$140,000	
Interest Expense 05/01	$203,725	$203,725	$0	$203,725	$201,188	
Total Expenses	$374,628	$374,628	$0	$374,628	$544,913	
						
Excess Revenues (Expenditures)	$346,025	$353,762	$706	$354,469	$359,306	

11/1/2018 Principal		$145,000 11/1/2018 Interest 	$201,188 
$346,188

Reunion West Community Development District
Series 2016 Special Assessment Bonds
Debt Service Schedule (Term Bonds Due Combined)

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

05/01/17	$8,500,000.00	$0	$	203,725.00		
11/01/17	$8,500,000.00	$140,000	$	203,725.00	$	547,450.00	
05/01/18	$8,360,000.00	$0	$	201,187.50		
11/01/18	$8,360,000.00	$145,000	$	201,187.50	$	547,375.00	
05/01/19	$8,215,000.00	$0	$	198,559.38		
11/01/19	$8,215,000.00	$150,000	$	198,559.38	$	547,118.75	
05/01/20	$8,065,000.00	$0	$	195,840.63		
11/01/20	$8,065,000.00	$155,000	$	195,840.63	$	546,681.25	
05/01/21	$7,910,000.00	$0	$	193,031.25		
11/01/21	$7,910,000.00	$160,000	$	193,031.25	$	546,062.50	
05/01/22	$7,750,000.00	$0	$	189,531.25		
11/01/22	$7,750,000.00	$170,000	$	189,531.25	$	549,062.50	
05/01/23	$7,580,000.00	$0	$	185,812.50		
11/01/23	$7,580,000.00	$175,000	$	185,812.50	$	546,625.00	
05/01/24	$7,405,000.00	$0	$	181,984.38		
11/01/24	$7,405,000.00	$185,000	$	181,984.38	$	548,968.75	
05/01/25	$7,220,000.00	$0	$	177,937.50		
11/01/25	$7,220,000.00	$190,000	$	177,937.50	$	545,875.00	
05/01/26	$7,030,000.00	$0	$	173,781.25		
11/01/26	$7,030,000.00	$200,000	$	173,781.25	$	547,562.50	
05/01/27	$6,830,000.00	$0	$	169,406.25		
11/01/27	$6,830,000.00	$210,000	$	169,406.25	$	548,812.50	
05/01/28	$6,620,000.00	$0	$	164,812.50		
11/01/28	$6,620,000.00	$220,000	$	164,812.50	$	549,625.00	
05/01/29	$6,400,000.00	$0	$	160,000.00		
11/01/29	$6,400,000.00	$225,000	$	160,000.00	$	545,000.00	
05/01/30	$6,175,000.00	$0	$	154,375.00		
11/01/30	$6,175,000.00	$240,000	$	154,375.00	$	548,750.00	
05/01/31	$5,935,000.00	$0	$	148,375.00		
11/01/31	$5,935,000.00	$250,000	$	148,375.00	$	546,750.00	
05/01/32	$5,685,000.00	$0	$	142,125.00		
11/01/32	$5,685,000.00	$265,000	$	142,125.00	$	549,250.00	
05/01/33	$5,420,000.00	$0	$	135,500.00		
11/01/33	$5,420,000.00	$275,000	$	135,500.00	$	546,000.00	
05/01/34	$5,145,000.00	$0	$	128,625.00		
11/01/34	$5,145,000.00	$290,000	$	128,625.00	$	547,250.00	
05/01/35	$4,855,000.00	$0	$	121,375.00		
11/01/35	$4,855,000.00	$305,000	$	121,375.00	$	547,750.00	
05/01/36	$4,550,000.00	$0	$	113,750.00		
11/01/36	$4,550,000.00	$320,000	$	113,750.00	$	547,500.00	
05/01/37	$4,230,000.00	$0	$	105,750.00		
11/01/37	$4,230,000.00	$335,000	$	105,750.00	$	546,500.00	
05/01/38	$3,895,000.00	$0	$	97,375.00		
11/01/38	$3,895,000.00	$355,000	$	97,375.00	$	549,750.00	
05/01/39	$3,540,000.00	$0	$	88,500.00		
11/01/39	$3,540,000.00	$370,000	$	88,500.00	$	547,000.00	
05/01/40	$3,170,000.00	$0	$	79,250.00		
11/01/40	$3,170,000.00	$390,000	$	79,250.00	$	548,500.00	
05/01/41	$2,780,000.00	$0	$	69,500.00		
11/01/41	$2,780,000.00	$410,000	$	69,500.00	$	549,000.00	
05/01/42	$2,370,000.00	$0	$	59,250.00		
11/01/42	$2,370,000.00	$430,000	$	59,250.00	$	548,500.00	
05/01/43	$1,940,000.00	$0	$	48,500.00		
11/01/43	$1,940,000.00	$450,000	$	48,500.00	$	547,000.00	
05/01/44	$1,490,000.00	$0	$	37,250.00		
11/01/44	$1,490,000.00	$475,000	$	37,250.00	$	549,500.00	
05/01/45	$1,015,000.00	$0	$	25,375.00		
11/01/45	$1,015,000.00	$495,000	$	25,375.00	$	545,750.00	
05/01/46	$520,000.00	$0	$	13,000.00		
11/01/46	$520,000.00	$520,000	$	13,000.00	$	546,000.00	
		$8,500,000	$	7,926,968.75	$	16,426,968.75	

Reunion West
Community Development District Adopted Budget
Debt Service - Series 2017
Fiscal Year 2018

	Adopted
Budget	Actual
thru		Projected
Next 3	Total
thru	Adopted
Budget	
Description	FY2017	6/30/17		Months	9/30/17	FY2018	

Revenues							
Special Assessments	$0		$0	$0	$0	$509,250	
Bond Proceeds	$348,661		$0	$348,661	$348,661	$0	
Carry Forward Surplus*	$0		$0	$0	$0	$94,036	
Total Revenue	$348,661		$0	$348,661	$348,661	$603,286	

Expenditures							
Series 2017							
Interest Expense 11/01	$0		$0	$0	$0	$94,036	
Principal Expense 11/01	$0		$0	$0	$0	$0	
Interest Expense 05/01	$0		$0	$0	$0	$186,006	
Total Expenses	$0		$0	$0	$0	$280,043	
							
Excess Revenues (Expenditures)	$348,661		$0	$348,661	$348,661	$323,244	

*Carry Forward Surplus amount is less Debt Service Reservea amount.	11/1/2018 Principal		$135,000 11/1/2018 Interest 	$186,006 
$321,006

Reunion West Community Development District
Series 2017 Special Assessment Bonds (Assessment Area 4) Debt Service Schedule (Term Bonds Due Combined)

	AMORTIZATION SCHEDULE		
DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
					
11/01/17	$7,945,000.00	$0.00	$94,036.49	$94,036.49	
05/01/18	$7,945,000.00	$0.00	$186,006.25		
11/01/18	$7,945,000.00	$135,000.00	$186,006.25	$	507,012.50	
05/01/19	$7,810,000.00	$0.00	$183,643.75		
11/01/19	$7,810,000.00	$140,000.00	$183,643.75	$	507,287.50	
05/01/20	$7,670,000.00	$0.00	$181,193.75		
11/01/20	$7,670,000.00	$145,000.00	$181,193.75	$	507,387.50	
05/01/21	$7,525,000.00	$0.00	$178,656.25		
11/01/21	$7,525,000.00	$150,000.00	$178,656.25	$	507,312.50	
05/01/22	$7,375,000.00	$0.00	$176,031.25		
11/01/22	$7,375,000.00	$155,000.00	$176,031.25	$	507,062.50	
05/01/23	$7,220,000.00	$0.00	$173,318.75		
11/01/23	$7,220,000.00	$160,000.00	$173,318.75	$	506,637.50	
05/01/24	$7,060,000.00	$0.00	$169,918.75		
11/01/24	$7,060,000.00	$165,000.00	$169,918.75	$	504,837.50	
05/01/25	$6,895,000.00	$0.00	$166,412.50		
11/01/25	$6,895,000.00	$175,000.00	$166,412.50	$	507,825.00	
05/01/26	$6,720,000.00	$0.00	$162,693.75		
11/01/26	$6,720,000.00	$180,000.00	$162,693.75	$	505,387.50	
05/01/27	$6,540,000.00	$0.00	$158,868.75		
11/01/27	$6,540,000.00	$190,000.00	$158,868.75	$	507,737.50	
05/01/28	$6,350,000.00	$0.00	$154,831.25		
11/01/28	$6,350,000.00	$195,000.00	$154,831.25	$	504,662.50	
05/01/29	$6,155,000.00	$0.00	$150,687.50		
11/01/29	$6,155,000.00	$205,000.00	$150,687.50	$	506,375.00	
05/01/30	$5,950,000.00	$0.00	$145,818.75		
11/01/30	$5,950,000.00	$215,000.00	$145,818.75	$	506,637.50	
05/01/31	$5,735,000.00	$0.00	$140,712.50		
11/01/31	$5,735,000.00	$225,000.00	$140,712.50	$	506,425.00	
05/01/32	$5,510,000.00	$0.00	$135,368.75		
11/01/32	$5,510,000.00	$235,000.00	$135,368.75	$	505,737.50	
05/01/33	$5,275,000.00	$0.00	$129,787.50		
11/01/33	$5,275,000.00	$245,000.00	$129,787.50	$	504,575.00	
05/01/34	$5,030,000.00	$0.00	$123,968.75		
11/01/34	$5,030,000.00	$260,000.00	$123,968.75	$	507,937.50	
05/01/35	$4,770,000.00	$0.00	$117,793.75		
11/01/35	$4,770,000.00	$270,000.00	$117,793.75	$	505,587.50	
05/01/36	$4,500,000.00	$0.00	$111,381.25		
11/01/36	$4,500,000.00	$285,000.00	$111,381.25	$	507,762.50	
05/01/37	$4,215,000.00	$0.00	$104,612.50		
11/01/37	$4,215,000.00	$300,000.00	$104,612.50	$	509,225.00	
05/01/38	$3,915,000.00	$0.00	$97,487.50		
11/01/38	$3,915,000.00	$310,000.00	$97,487.50	$	504,975.00	
05/01/39	$3,605,000.00	$0.00	$90,125.00		
11/01/39	$3,605,000.00	$325,000.00	$90,125.00	$	505,250.00	
05/01/40	$3,280,000.00	$0.00	$82,000.00		
11/01/40	$3,280,000.00	$345,000.00	$82,000.00	$	509,000.00	
05/01/41	$2,935,000.00	$0.00	$73,375.00		
11/01/41	$2,935,000.00	$360,000.00	$73,375.00	$	506,750.00	
05/01/42	$2,575,000.00	$0.00	$64,375.00		
11/01/42	$2,575,000.00	$380,000.00	$64,375.00	$	508,750.00	
05/01/43	$2,195,000.00	$0.00	$54,875.00		
11/01/43	$2,195,000.00	$395,000.00	$54,875.00	$	504,750.00	
05/01/44	$1,800,000.00	$0.00	$45,000.00		
11/01/44	$1,800,000.00	$415,000.00	$45,000.00	$	505,000.00	
05/01/45	$1,385,000.00	$0.00	$34,625.00		
11/01/45	$1,385,000.00	$440,000.00	$34,625.00	$	509,250.00	
05/01/46	$945,000.00	$0.00	$23,625.00		
11/01/46	$945,000.00	$460,000.00	$23,625.00	$	507,250.00	
05/01/47	$485,000.00	$0.00	$12,125.00		
11/01/47	$485,000.00	$485,000.00	$12,125.00	$	509,250.00	
		$7,945,000	$7,352,673.99	$15,297,673.99