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RemingtonCommunity Development DistrictAdopted BudgetFiscal Year 2019Presented by:

Table of Contents1-10General Fund11Pavement Management Fund12Capital Projects Fund13Debt Service Fund Series 2008-214Amortization Schedule Series 2008-2

REMINGTONCOMMUNITY DEVELOPMENT DISTRICTGENERAL FUND BUDGETFiscal Year 2019ADOPTEDBUDGETFY 2018DESCRIPTIONREVENUESMaintenance AssessmentMiscellaneous IncomeInterest IncomeCarryforwardTOTAL REVENUESEXPENDITURESAdministrativeSupervisors FeesFICAEngineerAttorneyAnnual AuditAssessment AdministrationProperty Appraiser FeeManagement FeesInformation TechnologyTrustee FeesDissemination AgreementArbitrage RebateTelephonePostageInsurancePrinting and BindingNewsletterLegal AdvertisingOffice SuppliesDues, Licenses, SubscriptionsAdministrative ContingencySUBTOTAL ADMINISTRATIVEOperations and MaintenanceEnvironmentalLake MaintenanceUtilitiesKissimmee Utility AuthorityToho Water AuthorityOrlando Utilities CommissionCenturylinkBright House NetworkRoadwaysStreet SweepingDrainageSignageCommon AreaLandscapingFeature LightingIrrigationTrash Receptacles & BenchesPlant Replacement and Bed EnhancementsMiscellaneous Common Area ServicesSoccer/Ball Field MaintenanceRecreation CenterPool MaintenancePool CleaningPool PermitsRecreation Center CleaningRecreation Center Repairs & MaintenancePest ControlSUBTOTAL MAINTENANCEACTUALTHRU6/30/18 1,137,2225,0001,900- 1,144,122 001,0006002001,00037,1002,0003,3001,500500175500 TOTALAS OF9/30/18ADOPTEDBUDGETFY 20191,143,6073,4701,566- 1,5306307,428 1,143,6075,0002,1967,428 1,137,2225,0001,900- 1,148,643 9,588 1,158,231 1,144,122 045054433,7766452,161189199175164 3,0002303,0007,20016,6464002501883005401,3117590 1,00045073233,7769452,7011,500274175254 3,476 141,672 33,230 174,902 188,163 18,135 11,385 3,795 15,180 18,200 8,74087,00020,3127,0001,800 4,26927,64812,0364,3501,142 1,90018,6004,5001,500381 6,16946,24816,5365,8501,523 8,50070,00020,5007,0001,600 17,0055,0005,000 10,1607,4686,711 3,8102,300- 13,9709,7686,711 17,2505,0005,000 280,6583,00020,0005,00010,00010,0001,000 201,4293424,1406532,78832,5011,535 67,1432002,600- 268,5725426,7406532,78832,5011,535 280,0003,00020,0005,00010,00010,0001,000 20,0007,85255014,83010,000672 8,1355,40052511,7033,254652 4,2001,8003,3002,400- 12,3357,20052515,0035,654652 20,0008,00055015,00010,000700 553,554 358,225 118,429 476,654 536,3001 PROJECTEDNEXT3 MONTHS

REMINGTONCOMMUNITY DEVELOPMENT DISTRICTGENERAL FUND BUDGETFiscal Year 2019ADOPTEDBUDGETFY 2018DESCRIPTIONSecurityRecreation Center AccessSecurity GuardGate RepairsGuard House CleaningGuard House Repairs and MaintenanceGate Maintenance AgreementOtherContingencyField Management ServicesACTUALTHRU6/30/18PROJECTEDNEXT3 MONTHSTOTALAS OF9/30/18ADOPTEDBUDGETFY 2019 4,000275,20911,0003,2784,5001,100 3,652188,3695,4102,1303,217550 65,6002,660800500550 3,652253,9698,0702,9303,7171,100 4,000275,50011,0003,3004,5001,100 50025,894 5,73419,420 6,473 5,73425,894 50026,671SUBTOTAL MAINTENANCE 325,481 228,482 76,583 305,066 326,571TOTAL MAINTENANCE 879,035 586,707 195,012 781,720 862,871TOTAL EXPENDITURES 1,062,512 728,380 228,242 956,621 1,051,034Other Sources/ (Uses)Transfer Out - Pavement ManagementTransfer Out - Capital Projects (150,000) (51,610) (150,000) (51,610) - (150,000) (51,610) (93,088)-SUBTOTAL OTHER SOURCES/(USES) (201,610) (201,610) - (201,610) (93,088)TOTAL EXPENDITURES / OTHER SOURCES/(USES) 228,242 929,990 (120,000) 218,654 1,264,122EXCESS REVENUES/(EXPENDITURES) FUND BALANCE - BEGINNING 120,000 - FUND BALANCE - ENDING - 218,654 (218,654) - (218,654) 1,158,231 1,144,122(0) 0- -(0) 0FY 2018Net Assessments 1,137,222.00Add: Discounts & Collections 72,588.64Gross Assessments 1,209,810.641,783 678.532 FY 20191,137,222.0072,588.641,209,810.641,783678.53

REMINGTONCommunity Development DistrictFiscal Year 2019REVENUESMaintenance AssessmentThe District will levy a non-ad valorem assessment on all of the assessable property within theDistrict in order to pay for the operating expenditures during the fiscal year.Interest IncomeThe District will invest surplus funds with US Bank and State Board of Administration.Miscellaneous IncomeThe District will receive fees for renting the recreation facility, purchase of gate entry barcodes andgym/pool cards.Carry Forward SurplusThe District will utilize excess funds collected in previous fiscal years.EXPENDITURES – AdministrativeSupervisors FeesChapter 190, Florida Statutes, allows for each Board member to receive 200 per meeting, not toexceed 4,800 per year paid to each Supervisor for the time devoted to District business andmeetings. The District anticipates 12 meetings per year, with all Board members receiving paymentfor their attendance at each meeting.FICA ExpenseRepresents the Employer’s share of Social Security and Medicare taxes withheld from Board ofSupervisor checks.EngineeringThe District’s Engineer, Hanson, Walter & Associates, will be providing general engineering servicesto the District, e.g., attendance and preparation for the monthly Board meetings, review of invoicesand requisitions, preparation and review of contract specifications and bid documents, and variousprojects assigned as directed by the Board of Supervisors and the District Manager.AttorneyThe District’s Attorney, Clark & Albaugh, LLP., will be providing general legal services to theDistrict, e.g., attendance and preparation for monthly Board meetings, review of contracts, reviewof agreements and resolutions, and other research assigned as directed by the Board of Supervisorsand the District Manager.Annual AuditThe District is required by Florida Statutes to have an independent audit of its financial records onan annual basis.Assessment AdministrationExpenses related to administering the Annual Assessments on the tax roll with the Osceola CountyTax Collector.3

REMINGTONCommunity Development DistrictFiscal Year 2019Property Appraiser FeeRepresents a fee charged by Osceola County Property Appraiser’s office for assessmentadministration services.Management FeesThe District has contracted with Governmental Management Services-Central Florida, LLC toprovide management, accounting, and recording secretary services. These services include, but arenot limited to, advertising, recording and transcribing of Board meetings, administrative services,budget preparation, financial reporting, and assisting with annual audits.Information TechnologyRepresents costs related to District’s accounting and information systems, District’s websitecreation and maintenance, electronic compliance with Florida Statutes and other electronic datarequirements.Trustee FeesThe District will pay annual trustee fees for the Series 2008-2 Special Assessment Refunding Bondsheld at US Bank.Dissemination AgreementThe District’s bondholder has requested special annual reports on the District’s developmentactivity. The District has contracted with Governmental Management Services-Central Florida, LLCto provide these reports. The amount is based upon the contract amount.Arbitrage RebateThe District is required to annually have an arbitrage rebate calculation on the District’s Series2008-2 special assessment bonds. The District has contracted with Amtec, an independent publicaccounting firm, to calculate the arbitrage rebate liability and submit a report to the District.TelephoneThe District incurs charges for telephone and facsimile services.PostageThe District incurs charges for mailing Board meeting agenda packages, invoices to third parties,checks for vendors, and other required correspondence.InsuranceThe District’s general liability, public official’s liability and property insurance coveragesare provided by the Florida Insurance Alliance (FIA). FIA specializes in providinginsurance coverage to governmental agencies.Printing and BindingThe District incurs charges for printing and binding agenda packages and printing computerizedchecks, correspondence, stationery, envelopes, photocopies and other printed material.NewsletterThe District incurs charges for delivering of the community newsletter.4

REMINGTONCommunity Development DistrictFiscal Year 2019Legal AdvertisingBoard meetings and other services are required to be advertised, such as public biddingadvertisements and meeting notices, and any other advertising that may be required. The Districtpublishes all of its legal advertising in the Orlando Sentinel.Office SuppliesThe District incurs charges for supplies that need to be purchased during the fiscal year, includingcopier and printer toner cartridges, paper, file folders, binders, pens, paper clips, and other suchoffice supplies.Dues, Licenses, & SubscriptionsThe District is required to pay an annual fee to the Department of Economic Opportunity for 175.This is the only anticipated expenditure for this category.Administrative ContingencyThis represents any additional expenditure that may not have been provided for in the budget.EXPENDITURES – Operations and MaintenanceENVIRONMENTALLake MaintenanceScheduled maintenance consists of monthly inspections and treatment of aquatic weeds and algaewithin CDD lakes. Herbiciding will consist of chemical treatments. Algae control will include handremoval and chemical treatments. The District has contracted with Applied Aquatic Management,Inc. for this service.MonthlyAmount 1,265 38DescriptionLake MaintenanceEstimated 3% Inflationary IncreaseContingencyTotalAnnualAmount 15,180 455 2,565 18,200UTILITIESKissimmee Utility AuthorityThis fee includes the District’s electrical, water & sewer and irrigation costs for the recreationcenter, pool and other areas within the District.Account#927130-652350AddressMaster Acct-Remington CDDContingencyTotal5MonthlyAmount 500AnnualAmount 6,000 2,500 8,500

REMINGTONCommunity Development DistrictFiscal Year 2019Toho Water AuthorityThis fee includes the District’s water & sewer and irrigation costs for certain areas within 250AddressRemington CDD - Master AccountRem. Blvd & Prestwick Ln Irr2706 Prestwick Ln2751 Partin Settlement Rd260 E Lakeshore Blvd456 Janice Kay Pl RmContingencyMonthlyAmount 5,000 317 65 63 54 133TotalAnnualAmount 60,000 3,800 780 750 650 1,600 2,420 70,000Orlando Utilities CommissionThis fee includes the District’s electrical, streetlight and irrigation costs for certain areas within 0602748-5603528337-61469Address2900 Remington Blvd SS2400 Block Odd Remington Blvd2901 Remington Blvd260 East Lakeshore Blvd HSL2995 Remington Blvd Irr2651 Remington Blvd Irr (Streetlights)2651 Remington Blvd2651 Partin Settlement Rd2700 Remington Blvd SS2699 Remington Blvd Gate2999 Remington Blvd SS2500 Block Even Remington Blvd2700 Block Odd2706 Prestwick LnContingencyMonthlyAmount 38 23 21 75 13 252 767 33 33 10 104 10 21 21TotalAnnualAmount 460 280 250 900 150 3,025 9,200 400 400 120 1,250 125 250 250 3,440 20,500CenturylinkThis is for telephone service for the gatehouses and recreation center modem 51 Remington Blvd (Rec. Center)260 E Lakeshore Blvd2751 Partin Settlement RdContingencyTotal6MonthlyAmount 263 112 112AnnualAmount 3,150 1,340 1,340 1,170 7,000