Tradition Community Development Districts #1-10

Proposed Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

PROPOSED BUDGET-RECAP CDD1-10
PROPOSED BUDGET-CDD 1
PROPOSED BUDGET-CDD 2
PROPOSED BUDGET-CDD 3
PROPOSED BUDGET-CDD 4
PROPOSED BUDGET-CDD 5
PROPOSED BUDGET-CDD 6
PROPOSED BUDGET-CDD 7
PROPOSED BUDGET-CDD 8
PROPOSED BUDGET-CDD 9
PROPOSED BUDGET-CDD 10
PROPOSED DEBT SERVICE SERIES 2014 BOND
ASSESSMENT RECAP
PROPOSED BUDGET- IRRIGATION
PROPOSED DEBT SERVICE IRRIGATION SERIES 2017 BOND

PROPOSED BUDGET
TRADITION COMMUNITY DEVELOPMENT DISTRICTS #1-10 FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

Assessment Methodology	 	CDD 1 		CDD 2 	 	CDD 3 	 	CDD 4 	 	CDD 5 	 	CDD 6 	 	CDD 7 	 	CDD 8 	 	CDD 9 	 	CDD 10 	 	TOTAL 	
Administration - ERUs		70		472		1,218		1,217		1,206		1,145		1,557		1,050		655		2,735		11,325	
Maintenance - ERUs		70		472		1,218		1,217		1,206		1,145		220								5,548	
Administration -Percent		0.6157698%		4.1712916%		10.7534112%		10.7449401%		10.6486236%		10.1100117%		13.7507396%		9.2711897%		5.7834564%		24.1505663%		100%	
Maintenance - Percent		1.2570014%		8.5150645%		21.9514716%		21.9341790%		21.7375635%		20.6380682%		3.9666519%		0.0000000%		0.0000000%		0.0000000%		100%	
Bond		49,622		336,148		866,575		865,892		858,130		814,726		156,591		0		0		0		3,947,684	
REVENUES 																							
ON-ROLL ASSESSMENTS - Debt		53,937		365,378		941,929		941,187		932,750		885,571		170,207		0		0		0		4,290,960	
ON-ROLL ASSESSMENTS - ADMIN		19,605		38,547		72,168		72,001		70,962		68,088		67,626		47,763		35,489		100,670		592,918	
ON-ROLL ASSESSMENTS - MAINTENANCE		12,044		81,587		210,329		210,163		208,279		197,744		38,007		0		0		0		958,152	
STORMWATER		8,296		56,199		144,880		144,766		143,468		136,211		26,180		0		0		0		660,000	
CARRY OVER FUNDS FROM PRIOR YEAR 	 	0	 	0	 	0	 	0	 	0	 	0	 	0	 	0	 	0	 	0	 	0	
Total Revenues 	  $ 	93,882	  $ 	541,712	  $ 	1,369,305	  $ 	1,368,116	  $ 	1,355,460	  $ 	1,287,615	  $ 	302,020	  $ 	47,763	  $ 	35,489	  $ 	100,670	  $ 	6,502,031	

EXPENDITURES - ADMIN 																							
AUDIT 1		6,500		5,500		5,500		5,500		5,500		5,500		5,500		5,000		5,000		5,500		55,000	
BANK FEES		8		57		147		147		146		138		27		0		0		0		670	
DISSEMINATION AGENT 2		13		85		220		219		217		206		40		0		0		0		1,000	
DISTRICT COUNSEL		369		2,503		6,452		6,447		6,389		6,066		8,250		5,563		3,470		14,490		60,000	
MANAGEMENT		616		4,171		10,753		10,745		10,649		10,110		13,751		9,271		5,783		24,151		100,000	
DUES, LICENSES & FEES 1		175		175		175		175		175		175		175		175		175		175		1,750	
ENGINEERING		185		1,251		3,226		3,223		3,195		3,033		4,125		2,781		1,735		7,245		30,000	
IMPACT FEE ADMINISTRATION		154		1,043		2,688		2,686		2,662		2,528		3,438		2,318		1,446		6,038		25,000	
GENERAL INSURANCE 1		7,581		8,511		7,050		6,938		6,457		6,463		8,000		8,000		8,000		8,000		75,000	
WEB SITE MAINTENANCE 1		750		750		750		750		750		750		750		750		750		750		7,500	
LEGAL  ADVERTISING		40		271		699		698		692		657		894		603		376		1,570		6,500	
MISCELLANEOUS		2		13		32		32		32		30		41		28		17		72		300	
MEETING ROOM		20		138		355		355		351		334		454		306		191		797		3,300	
TRAVEL AND PER DIEM		50		341		878		877		870		826		159		0		0		0		4,000	
OFFICE SUPPLIES		1		4		11		11		11		10		14		9		6		24		100	
POSTAGE & SHIPPING		6		42		108		107		106		101		138		93		58		242		1,000	
COPIES		31		209		538		537		532		506		688		464		289		1,208		5,000	
SUPERVISOR  FEES		815		5,518		14,225		14,213		14,086		13,373		2,570		0		0		0		64,800	
TELEPHONE		0		0		0		0		0		0		0		0		0		0		0	
TRUSTEE SERVICES 2		151		1,022		2,634		2,632		2,609		2,477		476		0		0		0		12,000	
CONTINGENCY - ADMIN		570		3,861		9,954		9,946		9,857		9,358		12,728		8,582		5,353		22,355		92,565	
TOTAL ADMINISTRATIVE EXPENSES		18,036		35,464		66,394		66,240		65,285		62,641		62,216		43,942		32,650		92,616		545,485	

PROPOSED BUDGET
TRADITION COMMUNITY DEVELOPMENT DISTRICTS #1-10 FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

			CDD 1 		CDD 2 	 	CDD 3 	 	CDD 4 	 	CDD 5 	 	CDD 6 	 	CDD 7 	 	CDD 8 	 	CDD 9 	 	CDD 10 	 	TOTAL 	
EXPENDITURES - MAINTENANCE 																								
LAKE  MAINTENANCE			1,582		10,719		27,633		27,611		27,363		25,979		4,993		0		0		0		125,880	
BUILDING, BRIDGE, MONUMENT MAINTENANCE			566		3,832		9,878		9,870		9,782		9,287		1,785		0		0		0		45,000	
CONTINGENCY - MAINTENANCE			377		2,555		6,585		6,580		6,521		6,191		1,190		0		0		0		30,000	
COMMUNITY AREA MAINTENANCE			1,328		8,994		23,185		23,167		22,959		21,798		4,190		0		0		0		105,620	
LAKE PORTER SERVICE			0		0		0		0		0		0		0		0		0		0		0	
PAINTING			63		426		1,098		1,097		1,087		1,032		198		0		0		0		5,000	
FENCE  MAINTENANCE			126		852		2,195		2,193		2,174		2,064		397		0		0		0		10,000	
ELECTRIC			754		5,109		13,171		13,161		13,043		12,383		2,380		0		0		0		60,000	
ENGINEERING			377		2,555		6,585		6,580		6,521		6,191		1,190		0		0		0		30,000	
FIELD  MANAGEMENT			2,325		15,753		40,610		40,578		40,214		38,180		7,338		0		0		0		185,000	
FOUNTAIN MAINTENANCE & CHEMICALS			503		3,406		8,781		8,774		8,695		8,255		1,587		0		0		0		40,000	
LANDSCAPING MAINTENANCE & MATERIALS			6,411		43,427		111,953		111,864		110,862		105,254		20,230		0		0		0		510,000	
IRRIGATION			1,823		12,347		31,830		31,805		31,519		29,925		5,752		0		0		0		145,000	
IRRIGATION PARTS & REPAIRS			817		5,535		14,268		14,257		14,129		13,415		2,578		0		0		0		65,000	
PEST CONTROL			44		298		768		768		761		722		139		0		0		0		3,500	
ROAD REPAIR			82		553		1,427		1,426		1,413		1,341		258		0		0		0		6,500	
SECURITY			629		4,258		10,976		10,967		10,869		10,319		1,983		0		0		0		50,000	
SIDEWALK CLEANING			251		1,703		4,390		4,387		4,348		4,128		793		0		0		0		20,000	
SIDEWALK REPAIR			126		852		2,195		2,193		2,174		2,064		397		0		0		0		10,000	
SIGNAGE			126		852		2,195		2,193		2,174		2,064		397		0		0		0		10,000	
STREETLIGHTS			314		2,129		5,488		5,484		5,434		5,160		992		0		0		0		25,000	
STORMWATER MANAGEMENT			75		511		1,317		1,316		1,304		1,238		238		0		0		0		6,000	
TREE/PLANT REPLACEMENT & TRIM			629		4,258		10,976		10,967		10,869		10,319		1,983		0		0		0		50,000	
WETLAND UPLAND MAINTENANCE			50		341		878		877		870		826		159		0		0		0		4,000	
TOTAL MAINTENANCE EXPENSES			19,377		131,260		338,382		338,115		335,085		318,136		61,146		0		0		0		1,541,500	
Total Expenditures			$	37,413		$	166,723		$	404,776		$	404,356		$	400,370		$	380,777		$	123,362		$	43,942		$	32,650		$	92,616		$	2,086,985	

 

EXCESS / (SHORTFALL)		$	56,469		$	374,989		$	964,529		$	963,760		$	955,090		$	906,838		$	178,658		$	3,821		$	2,839		$	8,054		$	4,415,046	

Series 2014 Bond Payments		

(49,622)		

(336,148)		

(866,575)		

(865,892)		

(858,130)		

(814,726)		

(156,591)		

0		

0		

0		

(3,947,684)	
BALANCE		$	6,847		$	38,841		$	97,954		$	97,868		$	96,959		$	92,112		$	22,067		$	3,821		$	2,839		$	8,054		$	467,362	

COUNTY APPRAISER & TAX COLLECTOR FEE		

(3,423)		

(19,421)		

(48,977)		

(48,934)		

(48,480)		

(46,056)		

(11,034)		

(1,911)		

(1,420)		

(4,027)		

(233,681)	
DISCOUNTS FOR EARLY PAYMENTS		(3,423)		(19,421)		(48,977)		(48,934)		(48,480)		(46,056)		(11,034)		(1,911)		(1,420)		(4,027)		(233,681)	
NET EXCESS / (SHORTFALL)		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-	
1 - District Specific Expense 2 - Pertains only to 2003 Area																							

PROPOSED BUDGET
TRADITION COMMUNITY DEVELOPMENT DISTRICT #1 FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

 	FISCAL YEAR 2018/2019
ANNUAL BUDGET 	

 	FISCAL YEAR 2019/2020
ANNUAL BUDGET 	
REVENUES					
O & M ASSESSMENTS - ADMIN		30,679		19,605	
O & M ASSESSMENTS - MAINT		Included in Admin		12,044	
DEBT ASSESSMENTS		53,937		53,937	
INTEREST INCOME		0		0	
STORMWATER		8,296		8,296	
FUND CARRY FORWARD 	 	3,771	 	0	
Total Revenues 	  $ 	96,684	  $ 	93,882	
EXPENDITURES - ADMIN					
AUDIT		6,500		6,500	
BANK FEES		8		8	
DISSEMINATION AGENT		75		13	
DISTRICT COUNSEL		369		369	
MANAGEMENT		831		616	
DUES, LICENSES, FEES		175		175	
ENGINEERING		185		185	
IMPACT FEE ADMINISTRATION		154		154	
GENERAL INSURANCE		7,581		7,581	
WEBSITE		1,673		750	
LEGAL ADVERTISING		40		40	
MISCELLANEOUS		2		2	
MEETING ROOM		6		20	
TRAVEL AND PER DIEM		50		50	
OFFICE SUPPLIES		1		1	
POSTAGE AND SHIPPING		6		6	
COPIES		31		31	
SUPERVISOR FEES		815		815	
TELEPHONE		0		0	
TRUSTEE SERVICES		151		151	
CONTINGENCY - ADMIN		0		570	
TOTAL ADMIN EXPENSES		18,653		18,036	

EXPENDITURES - MAINT					
LAKE MAINTENANCE		1,582		1,582	
BUILDING, BRIDGE, MONUMENT MAINT.		566		566	
CONTINGENCY - MAINT.		377		377	
COMMUNITY AREA MAINTENANCE		1,328		1,328	
LAKE PORTER SERVICE		0		0	
PAINTING		63		63	
FENCE MAINTENANCE		126		126	
ELECTRIC		754		754	
ENGINEERING - MAINT.		377		377	
FIELD MANAGEMENT		4,588		2,325	
FOUNTAIN MAINTENANCE		503		503	
LANDSCAPING MAINTENANCE & MATERIALS		6,411		6,411	
IRRIGATION		1,823		1,823	
IRRIGATION PARTS & REPAIR		817		817	
PEST CONTROL		44		44	
ROAD REPAIR		82		82	
ROAD CLEANING		0		0	
SECURITY		629		629	
SIDEWALK CLEANING		251		251	
SIDEWALK REPAIR		126		126	
SIGNAGE		126		126	
STREETLIGHTS		314		314	
STORMWATER MANAGEMENT		75		75	
TREE/PLANT REPLACEMENT & TRIM		629		629	
WETLAND UPLAND MAINTENANCE		50		50	
TOTAL MAINTENANCE EXPENSES		21,639		19,377	
Total Expenditures	$	40,292	$	37,413	
EXCESS / (SHORTFALL)	$	56,392	$	56,469	

PAYMENT TO TRUSTEE		
(49,622)		
(49,622)	
BALANCE	$	6,770	$	6,847	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(3,385)		
(3,423)	
DISCOUNTS FOR EARLY PAYMENTS		(3,385)		(3,423)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

PROPOSED  BUDGET
TRADITION COMMUNITY DEVELOPMENT DISTRICT #2 FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

	FISCAL YEAR 2018/2019 ANNUAL BUDGET		FISCAL YEAR 2019/2020 ANNUAL BUDGET	
REVENUES					
O & M ASSESSMENTS - ADMIN		107,775		38,547	
O & M ASSESSMENTS - MAINT		Included in Admin		81,587	
DEBT  ASSESSMENTS		365,378		365,378	
INTEREST INCOME		0		0	
STORMWATER		56,199		56,199	
FUND CARRY FORWARD		25,545		0	
Total Revenues		$	554,898		$	541,712	

EXPENDITURES - ADMIN					
AUDIT		5,500		5,500	
BANK FEES		57		57	
DISSEMINATION  AGENT		511		85	
DISTRICT COUNSEL		2,503		2,503	
MANAGEMENT		5,631		4,171	
DUES, LICENSES, FEES		175		175	
ENGINEERING		1,251		1,251	
IMPACT FEE ADMINISTRATION		1,043		1,043	
GENERAL  INSURANCE		8,511		8,511	
WEBSITE		1,673		750	
LEGAL  ADVERTISING		271		271	
MISCELLANEOUS		13		13	
MEETING ROOM		38		138	
TRAVEL AND PER DIEM		341		341	
OFFICE SUPPLIES		4		4	
POSTAGE AND SHIPPING		42		42	
COPIES		209		209	
SUPERVISOR FEES		5,518		5,518	
TELEPHONE		0		0	
TRUSTEE  SERVICES		1,022		1,022	
CONTINGENCY - ADMIN		0		3,861	
TOTAL ADMIN EXPENSES		34,311		35,464	

EXPENDITURES - MAINT					
LAKE  MAINTENANCE		10,719		10,719	
BUILDING, BRIDGE, MONUMENT MAINT.		3,832		3,832	
CONTINGENCY - MAINT		2,555		2,555	
COMMUNITY AREA MAINTENANCE		8,994		8,994	
LAKE PORTER SERVICE		0		0	
PAINTING		426		426	
FENCE  MAINTENANCE		852		852	
ELECTRIC		5,109		5,109	
ENGINEERING - MAINT.		2,555		2,555	
FIELD  MANAGEMENT		31,080		15,753	
FOUNTAIN  MAINTENANCE		3,406		3,406	
LANDSCAPING MAINTENANCE & MATERIALS		43,427		43,427	
IRRIGATION		12,347		12,347	
IRRIGATION PARTS & REPAIR		5,535		5,535	
PEST CONTROL		298		298	
ROAD REPAIR		553		553	
ROAD CLEANING		0		0	
SECURITY		4,258		4,258	
SIDEWALK  CLEANING		1,703		1,703	
SIDEWALK REPAIR		852		852	
SIGNAGE		852		852	
STREETLIGHTS		2,129		2,129	
STORMWATER  MANAGEMENT		511		511	
TREE/PLANT REPLACEMENT & TRIM		4,258		4,258	
WETLAND UPLAND MAINTENANCE		341		341	
TOTAL MAINTENANCE EXPENSES		146,587		131,260	
Total Expenditures		$	180,898		$	166,723	
EXCESS / (SHORTFALL)		$	374,000		$	374,989	

PAYMENT TO TRUSTEE		
(336,148)		
(336,148)	
BALANCE		$	37,852		$	38,841	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(18,926)		
(19,421)	
DISCOUNTS FOR EARLY PAYMENTS		(18,926)		(19,421)	
NET EXCESS / (SHORTFALL)		$	-		$	-	

PROPOSED BUDGET
TRADITION COMMUNITY DEVELOPMENT DISTRICT #3 FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

 	FISCAL YEAR 2018/2019
ANNUAL BUDGET 	

 	FISCAL YEAR 2019/2020
ANNUAL BUDGET 	
REVENUES					
O & M ASSESSMENTS - ADMIN		249,051		72,168	
O & M ASSESSMENTS - MAINT		Included in Admin		210,329	
DEBT ASSESSMENTS		941,929		941,929	
INTEREST INCOME		0		0	
STORMWATER		144,880		144,880	
FUND CARRY FORWARD 	 	65,854	 	0	
Total Revenues 	  $ 	1,401,714	  $ 	1,369,305	
EXPENDITURES - ADMIN					
AUDIT		5,500		5,500	
BANK FEES		147		147	
DISSEMINATION AGENT		1,317		220	
DISTRICT COUNSEL		6,452		6,452	
MANAGEMENT		14,517		10,753	
DUES, LICENSES, FEES		175		175	
ENGINEERING		3,226		3,226	
IMPACT FEE ADMINISTRATION		2,688		2,688	
GENERAL INSURANCE		7,050		7,050	
WEBSITE		1,673		750	
LEGAL ADVERTISING		699		699	
MISCELLANEOUS		32		32	
MEETING ROOM		97		355	
TRAVEL AND PER DIEM		878		878	
OFFICE SUPPLIES		11		11	
POSTAGE AND SHIPPING		108		108	
COPIES		538		538	
SUPERVISOR FEES		14,225		14,225	
TELEPHONE		0		0	
TRUSTEE SERVICES		2,634		2,634	
CONTINGENCY - ADMIN		0		9,954	
TOTAL ADMIN EXPENSES		61,966		66,394	

EXPENDITURES - MAINT					
LAKE MAINTENANCE		27,633		27,633	
BUILDING, BRIDGE, MONUMENT MAINT.		9,878		9,878	
CONTINGENCY - MAINT		6,585		6,585	
COMMUNITY AREA MAINTENANCE		23,185		23,185	
LAKE PORTER SERVICE		0		0	
PAINTING		1,098		1,098	
FENCE MAINTENANCE		2,195		2,195	
ELECTRIC		13,171		13,171	
ENGINEERING - MAINT.		6,585		6,585	
FIELD MANAGEMENT		80,123		40,610	
FOUNTAIN MAINTENANCE		8,781		8,781	
LANDSCAPING MAINTENANCE & MATERIALS		111,953		111,953	
IRRIGATION		31,830		31,830	
IRRIGATION PARTS & REPAIR		14,268		14,268	
PEST CONTROL		768		768	
ROAD REPAIR		1,427		1,427	
ROAD CLEANING		0		0	
SECURITY		10,976		10,976	
SIDEWALK CLEANING		4,390		4,390	

PROPOSED BUDGET
TRADITION COMMUNITY DEVELOPMENT DISTRICT #4 FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

 	FISCAL YEAR 2018/2019
ANNUAL BUDGET 	

 	FISCAL YEAR 2019/2020
ANNUAL BUDGET 	
REVENUES					
O & M ASSESSMENTS - ADMIN		248,745		72,001	
O & M ASSESSMENTS - MAINT		Included in Admin		210,163	
DEBT ASSESSMENTS		941,187		941,187	
INTEREST INCOME		0		0	
STORMWATER		144,766		144,766	
FUND CARRY FORWARD 	 	65,803	 	0	
Total Revenues 	  $ 	1,400,500	  $ 	1,368,116	
EXPENDITURES - ADMIN					
AUDIT		5,500		5,500	
BANK FEES		147		147	
DISSEMINATION AGENT		1,316		219	
DISTRICT COUNSEL		6,447		6,447	
MANAGEMENT		14,506		10,745	
DUES, LICENSES, FEES		175		175	
ENGINEERING		3,223		3,223	
IMPACT FEE ADMINISTRATION		2,686		2,686	
GENERAL INSURANCE		6,938		6,938	
WEBSITE		1,673		750	
LEGAL ADVERTISING		698		698	
MISCELLANEOUS		32		32	
MEETING ROOM		97		355	
TRAVEL AND PER DIEM		877		877	
OFFICE SUPPLIES		11		11	
POSTAGE AND SHIPPING		107		107	
COPIES		537		537	
SUPERVISOR FEES		14,213		14,213	
TELEPHONE		0		0	
TRUSTEE SERVICES		2,632		2,632	
CONTINGENCY - ADMIN		0		9,946	
TOTAL ADMIN EXPENSES		61,817		66,240	

EXPENDITURES - MAINT					
LAKE MAINTENANCE		27,611		27,611	
BUILDING, BRIDGE, MONUMENT MAINT.		9,870		9,870	
CONTINGENCY - MAINT		6,580		6,580	
COMMUNITY AREA MAINTENANCE		23,167		23,167	
LAKE PORTER SERVICE		0		0	
PAINTING		1,097		1,097	
FENCE MAINTENANCE		2,193		2,193	
ELECTRIC		13,161		13,161	
ENGINEERING - MAINT.		6,580		6,580	
FIELD MANAGEMENT		80,060		40,578	
FOUNTAIN MAINTENANCE		8,774		8,774	
LANDSCAPING MAINTENANCE & MATERIALS		111,864		111,864	
IRRIGATION		31,805		31,805	
IRRIGATION PARTS & REPAIR		14,257		14,257	
PEST CONTROL		768		768	
ROAD REPAIR		1,426		1,426	
ROAD CLEANING		0		0	
SECURITY		10,967		10,967	
SIDEWALK CLEANING		4,387		4,387	

PROPOSED BUDGET
TRADITION COMMUNITY DEVELOPMENT DISTRICT #5 FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

 	FISCAL YEAR 2018/2019
ANNUAL BUDGET 	

 	FISCAL YEAR 2019/2020
ANNUAL BUDGET 	
REVENUES					
O & M ASSESSMENTS - ADMIN		246,132		70,962	
O & M ASSESSMENTS - MAINT		Included in Admin		208,279	
DEBT ASSESSMENTS		932,750		932,750	
INTEREST INCOME		0		0	
STORMWATER		143,468		143,468	
FUND CARRY FORWARD 	 	65,213	 	0	
Total Revenues 	  $ 	1,387,563	  $ 	1,355,460	
EXPENDITURES - ADMIN					
AUDIT		5,500		5,500	
BANK FEES		146		146	
DISSEMINATION AGENT		1,304		217	
DISTRICT COUNSEL		6,389		6,389	
MANAGEMENT		14,376		10,649	
DUES, LICENSES, FEES		175		175	
ENGINEERING		3,195		3,195	
IMPACT FEE ADMINISTRATION		2,662		2,662	
GENERAL INSURANCE		6,457		6,457	
WEBSITE		1,673		750	
LEGAL ADVERTISING		692		692	
MISCELLANEOUS		32		32	
MEETING ROOM		96		351	
TRAVEL AND PER DIEM		870		870	
OFFICE SUPPLIES		11		11	
POSTAGE AND SHIPPING		106		106	
COPIES		532		532	
SUPERVISOR FEES		14,086		14,086	
TELEPHONE		0		0	
TRUSTEE SERVICES		2,609		2,609	
CONTINGENCY - ADMIN		0		9,857	
TOTAL ADMIN EXPENSES		60,910		65,285	

EXPENDITURES - MAINT					
LAKE MAINTENANCE		27,363		27,363	
BUILDING, BRIDGE, MONUMENT MAINT.		9,782		9,782	
CONTINGENCY - MAINT		6,521		6,521	
COMMUNITY AREA MAINTENANCE		22,959		22,959	
LAKE PORTER SERVICE		0		0	
PAINTING		1,087		1,087	
FENCE MAINTENANCE		2,174		2,174	
ELECTRIC		13,043		13,043	
ENGINEERING - MAINT.		6,521		6,521	
FIELD MANAGEMENT		79,342		40,214	
FOUNTAIN MAINTENANCE		8,695		8,695	
LANDSCAPING MAINTENANCE & MATERIALS		110,862		110,862	
IRRIGATION		31,519		31,519	
IRRIGATION PARTS & REPAIR		14,129		14,129	
PEST CONTROL		761		761	
ROAD REPAIR		1,413		1,413	
ROAD CLEANING		0		0	
SECURITY		10,869		10,869	
SIDEWALK CLEANING		4,348		4,348	

PROPOSED BUDGET
TRADITION COMMUNITY DEVELOPMENT DISTRICT #6 FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

 	FISCAL YEAR 2018/2019
ANNUAL BUDGET 	

 	FISCAL YEAR 2019/2020
ANNUAL BUDGET 	
REVENUES					
O & M ASSESSMENTS - ADMIN		235,476		68,088	
O & M ASSESSMENTS - MAINT		Included in Admin		197,744	
DEBT ASSESSMENTS		885,572		885,571	
INTEREST INCOME		0		0	
STORMWATER		136,211		136,211	
FUND CARRY FORWARD 	 	61,914	 	0	
Total Revenues 	  $ 	1,319,173	  $ 	1,287,615	
EXPENDITURES - ADMIN					
AUDIT		5,500		5,500	
BANK FEES		138		138	
DISSEMINATION AGENT		1,238		206	
DISTRICT COUNSEL		6,066		6,066	
MANAGEMENT		13,649		10,110	
DUES, LICENSES, FEES		175		175	
ENGINEERING		3,033		3,033	
IMPACT FEE ADMINISTRATION		2,528		2,528	
GENERAL INSURANCE		6,463		6,463	
WEBSITE		2,619		750	
LEGAL ADVERTISING		657		657	
MISCELLANEOUS		30		30	
MEETING ROOM		91		334	
TRAVEL AND PER DIEM		826		826	
OFFICE SUPPLIES		10		10	
POSTAGE AND SHIPPING		101		101	
COPIES		506		506	
SUPERVISOR FEES		13,373		13,373	
TELEPHONE		0		0	
TRUSTEE SERVICES		2,477		2,477	
CONTINGENCY - ADMIN		0		9,358	
TOTAL ADMIN EXPENSES		59,479		62,641	

EXPENDITURES - MAINT					
LAKE MAINTENANCE		25,979		25,979	
BUILDING, BRIDGE, MONUMENT MAINT.		9,287		9,287	
CONTINGENCY - MAINT		6,191		6,191	
COMMUNITY AREA MAINTENANCE		21,798		21,798	
LAKE PORTER SERVICE		0		0	
PAINTING		1,032		1,032	
FENCE MAINTENANCE		2,064		2,064	
ELECTRIC		12,383		12,383	
ENGINEERING - MAINT.		6,191		6,191	
FIELD MANAGEMENT		75,329		38,180	
FOUNTAIN MAINTENANCE		8,255		8,255	
LANDSCAPING MAINTENANCE & MATERIALS		105,254		105,254	
IRRIGATION		29,925		29,925	
IRRIGATION PARTS & REPAIR		13,415		13,415	
PEST CONTROL		722		722	
ROAD REPAIR		1,341		1,341	
ROAD CLEANING		0		0	
SECURITY		10,319		10,319	
SIDEWALK CLEANING		4,128		4,128	

PROPOSED BUDGET
TRADITION COMMUNITY DEVELOPMENT DISTRICT #7 FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

 	FISCAL YEAR 2018/2019
ANNUAL BUDGET 	

 	FISCAL YEAR 2019/2020
ANNUAL BUDGET 	
REVENUES					
O & M ASSESSMENTS - ADMIN		91,988		67,626	
O & M ASSESSMENTS - MAINT		Included in Admin		38,007	
DEBT ASSESSMENTS		170,208		170,207	
INTEREST INCOME		0		0	
STORMWATER		26,180		26,180	
FUND CARRY FORWARD 	 	11,900	 	0	
Total Revenues 	  $ 	300,276	  $ 	302,020	
EXPENDITURES - ADMIN					
AUDIT		5,500		5,500	
BANK FEES		27		27	
DISSEMINATION AGENT		238		40	
DISTRICT COUNSEL		8,250		8,250	
MANAGEMENT		18,563		13,751	
DUES, LICENSES, FEES		175		175	
ENGINEERING		4,125		4,125	
IMPACT FEE ADMINISTRATION		3,438		3,438	
GENERAL INSURANCE		8,000		8,000	
WEBSITE		1,004		750	
LEGAL ADVERTISING		894		894	
MISCELLANEOUS		41		41	
MEETING ROOM		124		454	
TRAVEL AND PER DIEM		159		159	
OFFICE SUPPLIES		14		14	
POSTAGE AND SHIPPING		138		138	
COPIES		688		688	
SUPERVISOR FEES		2,570		2,570	
TELEPHONE		0		0	
TRUSTEE SERVICES		476		476	
CONTINGENCY - ADMIN		0		12,728	
TOTAL ADMIN EXPENSES		54,423		62,216	

EXPENDITURES - MAINT					
LAKE MAINTENANCE		4,993		4,993	
BUILDING, BRIDGE, MONUMENT MAINT.		1,785		1,785	
CONTINGENCY - MAINT		1,190		1,190	
COMMUNITY AREA MAINTENANCE		4,190		4,190	
LAKE PORTER SERVICE		0		0	
PAINTING		198		198	
FENCE MAINTENANCE		397		397	
ELECTRIC		2,380		2,380	
ENGINEERING - MAINT.		1,190		1,190	
FIELD MANAGEMENT		14,478		7,338	
FOUNTAIN MAINTENANCE		1,587		1,587	
LANDSCAPING MAINTENANCE & MATERIALS		20,230		20,230	
IRRIGATION		5,752		5,752	
IRRIGATION PARTS & REPAIR		2,578		2,578	
PEST CONTROL		139		139	
ROAD REPAIR		258		258	
ROAD CLEANING		0		0	
SECURITY		1,983		1,983	
SIDEWALK CLEANING		793		793	
SIDEWALK REPAIR		397		397	
SIGNAGE		397		397	
STREETLIGHTS		992		992	
STORMWATER MANAGEMENT		238		238	
TREE/PLANT REPLACEMENT & TRIM		1,983		1,983	
WETLAND UPLAND MAINTENANCE		159		159	
TOTAL MAINTENANCE EXPENSES		68,286		61,146	
Total Expenditures	$	122,709	$	123,362	
EXCESS / (SHORTFALL)	$	177,567	$	178,658	

PAYMENT TO TRUSTEE		
(156,591)		
(156,591)	
BALANCE	$	20,976	$	22,067	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(10,488)		
(11,034)	
DISCOUNTS FOR EARLY PAYMENTS		(10,488)		(11,034)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

PROPOSED BUDGET
TRADITION COMMUNITY DEVELOPMENT DISTRICT #8 FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

 	FISCAL YEAR 2018/2019
ANNUAL BUDGET 		

 	FISCAL YEAR 2019/2020
ANNUAL BUDGET 	
REVENUES							
O & M ASSESSMENTS - ADMIN			33,300			47,763	
DEBT ASSESSMENTS			0			0	
INTEREST INCOME			0			0	
STORMWATER			0			0	
FUND CARRY FORWARD 		 	0		 	0	
Total Revenues 		  $ 	33,300		  $ 	47,763	
EXPENDITURES							
AUDIT			5,000			5,000	
BANK FEES			0			0	
DISSEMINATION AGENT			0			0	
DISTRICT COUNSEL			5,563			5,563	
MANAGEMENT			12,516			9,271	
DUES, LICENSES, FEES			175			175	
ENGINEERING			2,781			2,781	
IMPACT FEE ADMINISTRATION			2,318			2,318	
GENERAL INSURANCE			0			8,000	
WEBSITE			1,004			750	
LEGAL ADVERTISING			603			603	
MISCELLANEOUS			28			28	
MEETING ROOM			83			306	
TRAVEL AND PER DIEM			0			0	
OFFICE SUPPLIES			9			9	
POSTAGE AND SHIPPING			93			93	
COPIES			464			464	
SUPERVISOR FEES			0			0	
TELEPHONE			0			0	
TRUSTEE SERVICES			0			0	
CONTINGENCY - ADMIN 		 	0		 	8,582	
Total Expenditures 		  $ 	30,636		  $ 	43,942	
EXCESS / (SHORTFALL)		$	2,664		$	3,821	

PAYMENT TO TRUSTEE			
-			
-	
BALANCE		$	2,664		$	3,821	

COUNTY APPRAISER & TAX COLLECTOR FEE			
(1,332)			
(1,911)	
DISCOUNTS FOR EARLY PAYMENTS			(1,332)			(1,911)	
NET EXCESS / (SHORTFALL)		$	-		$	-	

PROPOSED BUDGET
TRADITION COMMUNITY DEVELOPMENT DISTRICT #9 FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

 	FISCAL YEAR 2018/2019
ANNUAL BUDGET 		

 	FISCAL YEAR 2019/2020
ANNUAL BUDGET 	
REVENUES							
O & M ASSESSMENTS - ADMIN			23,300			35,489	
DEBT ASSESSMENTS			0			0	
INTEREST INCOME			0			0	
STORMWATER			0			0	
FUND CARRY FORWARD 		 	0		 	0	
Total Revenues 		  $ 	23,300		  $ 	35,489	
EXPENDITURES							
AUDIT			5,000			5,000	
BANK FEES			0			0	
DISSEMINATION AGENT			0			0	
DISTRICT COUNSEL			3,470			3,470	
MANAGEMENT			7,808			5,783	
DUES, LICENSES, FEES			175			175	
ENGINEERING			1,735			1,735	
IMPACT FEE ADMINISTRATION			1,446			1,446	
GENERAL INSURANCE			0			8,000	
WEBSITE			1,004			750	
LEGAL ADVERTISING			376			376	
MISCELLANEOUS			17			17	
MEETING ROOM			52			191	
TRAVEL AND PER DIEM			0			0	
OFFICE SUPPLIES			6			6	
POSTAGE AND SHIPPING			58			58	
COPIES			289			289	
SUPERVISOR FEES			0			0	
TELEPHONE			0			0	
TRUSTEE SERVICES			0			0	
CONTINGENCY - ADMIN 		 	0		 	5,353	
Total Expenditures 		  $ 	21,436		  $ 	32,650	
EXCESS / (SHORTFALL)		$	1,864		$	2,839	

PAYMENT TO TRUSTEE			
-			
-	
BALANCE		$	1,864		$	2,839	

COUNTY APPRAISER & TAX COLLECTOR FEE			
(932)			
(1,420)	

PROPOSED BUDGET
TRADITION COMMUNITY DEVELOPMENT DISTRICT #10 FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

 	FISCAL YEAR 2018/2019
ANNUAL BUDGET 		

 	FISCAL YEAR 2019/2020
ANNUAL BUDGET 	
REVENUES							
O & M ASSESSMENTS - ADMIN			85,204			100,670	
DEBT ASSESSMENTS			0			0	
INTEREST INCOME			0			0	
STORMWATER			0			0	
FUND CARRY FORWARD 		 	0		 	0	
Total Revenues 		  $ 	85,204		  $ 	100,670	
EXPENDITURES							
AUDIT			5,500			5,500	
BANK FEES			0			0	
DISSEMINATION AGENT			0			0	
DISTRICT COUNSEL			14,490			14,490	
MANAGEMENT			32,603			24,151	
DUES, LICENSES, FEES			175			175	
ENGINEERING			7,245			7,245	
IMPACT FEE ADMINISTRATION			6,038			6,038	
GENERAL INSURANCE			8,000			8,000	
WEBSITE			1,004			750	
LEGAL ADVERTISING			1,570			1,570	
MISCELLANEOUS			72			72	
MEETING ROOM			217			797	
TRAVEL AND PER DIEM			0			0	
OFFICE SUPPLIES			24			24	
POSTAGE AND SHIPPING			242			242	
COPIES			1,208			1,208	
SUPERVISOR FEES			0			0	
TELEPHONE			0			0	
TRUSTEE SERVICES			0			0	
CONTINGENCY - ADMIN 		 	0		 	22,355	
Total Expenditures 		  $ 	78,388		  $ 	92,616	
EXCESS / (SHORTFALL)		$	6,816		$	8,054	

PAYMENT TO TRUSTEE			
-			
-	
BALANCE		$	6,816		$	8,054	

COUNTY APPRAISER & TAX COLLECTOR FEE			
(3,408)			
(4,027)	
DISCOUNTS FOR EARLY PAYMENTS			(3,408)			(4,027)	
NET EXCESS / (SHORTFALL)		$	-		$	-	

PROPOSED DEBT SERVICE BUDGET
TRADITION SERIES 2014 BOND FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

FISCAL YEAR 2019/2020 ANNUAL BUDGET
REVENUES

Interest Income	0
Debt Collections	3,947,684

Total Revenues

$	3,947,684

EXPENDITURES

Principal Payments	2,010,000
Interest Payments	1,772,432
Miscellaneous / Extra Redemption	165,252

Total Expenditures

$	3,947,684

Excess / (Shortfall)	$

(0)

Series 2014 Bond Information
Original Par Amount =	$53,170,000	Annual Principal Payments Due =	May 1st	
Avarage Interest Rate =
Issue Date =	3.71%
April 2014	Annual Interest Payments Due =	May 1st & November 1st	
Maturity Date =	May 2035			

 	ASSESSMENTS 

Single Family - Per Unit	658.68	Budgeted	
Multi-Family - Per Unit	360.05	Budgeted	
Commercial- Per Square Foot	0.43656	Budgeted	

Single Family - Per Unit	715.96	Grossed Up	
Multi-Family - Per Unit	391.36	Grossed Up	
Commercial- Per Square Foot	0.4745	Grossed Up	

PROPOSED ASSESSMENT ALLOCATION
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

*Chart above is same as FY19 Approved Budget

Assessment Budget
District Assessment Total

$	1,551,071

Assessment Per Unit (Grossed Up)
Assessment By Unit	SF	SF<55	SF 55-65	SF>65	MF	Commercial*	
Budget Allocation	191.20	152.97	191.20	239.01	95.61	0.07666	
With 8% Gross Up	207.83	166.27	207.83	259.79	103.92	0.08333	
* Per square Foot							

PROPOSED BUDGET
TRADITION COMMUNITY DEVELOPMENT DISTRICT IRRIGATION FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

 	FISCAL YEAR 2018/2019
ANNUAL BUDGET 		

 	FISCAL YEAR 2019/2020
ANNUAL BUDGET 	
REVENUES							
SERVICE CHARGE - IRRIGATION			953,528			1,042,000	
ENGINEERING REVENUE FEES 		 	0		 	7,500	
Total Revenues 		  $ 	953,528		  $ 	1,049,500	
EXPENSES							
FIELD OPERATIONS			225,410			0	
TRUSTEE SERVICES			5,000			5,000	
MANAGEMENT			75,000			285,408	
ENGINEERING			9,580			9,580	
PROFESSIONAL SERVICES, OTHER			5,000			5,000	
DEVELOPMENT  COORDINATOR			0			117,000	
CITY FRANCHISE FEE			68,475			68,475	
TRAVEL AND PER DIEM			387			387	
TELEPHONE			1,921			1,921	
POSTAGE AND SHIPPING			253			253	
BANK FEES			1,216			1,216	
BAD DEBT			4,833			4,833	
OFFICE SUPPLIES			250			250	
FIELD SUPPLIES (OTHER)			2,000			2,000	
DUES, LICENSES, FEES			2,237			2,237	
VEHICLE, GAS, & REPAIR			1,000			1,000	
ELECTRIC			101,023			101,023	
WATER			170			170	
OTHER UTILITIES			1,542			1,542	
GENERAL INSURANCE			20,000			20,032	
GENERAL REPAIR & MAINTENANCE			40,193			40,435	
LANDSCAPING MAINTENANCE & MATERIAL			10,608			10,608	
HVAC			4,305			4,305	
Total Expenses		$	580,403		$	682,675	
EXCESS / (SHORTFALL)		$	373,125		$	366,825	

PAYMENT TO TRUSTEE			
(373,125)			
(366,825)	
BALANCE		$	-		$	-	
NET INCOME		$	-		$	-	

PROPOSED DEBT SERVICE BUDGET
TRADITION IRRIGATION SERIES 2017 BOND FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020
FISCAL YEAR

	2019/2020
ANNUAL BUDGET	

REVENUES			
Transfer from Operating Fund		366,825	
Total Revenues		$	366,825	

EXPENDITURES			
Principal Payments		105,000	
Interest Payments		261,825	
Total Expenditures		$	366,825	
Excess / (Shortfall)		$	-	

Series 2017 Bond Information

Original Par Amount =	$6,095,000
Issue Date =	Oct 2017
Maturity Date =	Oct 2047