Sweetwater Creek

Community Development District Adopted Budget
FY2025

August 8, 2024

Presented by:

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Table of Contents

1-2

3-7

8-10

11

	General Fund

	Narratives

	Debt Service Fund Series 2019

	Capital Reserve Fund

12		Assessment Schedule

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2024	6/30/24	  3 Months		9/30/24	FY 2025	

REVENUES:						
Special Assessments - Tax Roll	$1,724,315	$1,679,712	$44,604	$1,724,315	$1,857,822	
Fitness Center Revenue	2,000	2,995	-	2,995	2,000	
Cost Sharing - Marshall Creek Revenue	-	-	-	-	-	
Interest	5,000	28,589	7,548	36,137	25,000	
Carry Forward Surplus	51,387	-	177,581	177,581	-	
TOTAL REVENUES	$1,782,702	$1,711,296	$229,732	$1,941,028	$1,884,822	

EXPENDITURES:						
General and Administrative						
Supervisor Fees	$9,600	$7,400	$2,400	$9,800	$12,000	
Engineering Fees	20,000	12,744	7,256	20,000	20,000	
District Counsel	55,000	47,052	24,476	71,528	63,599	
Annual Audit	3,800	3,800	-	3,800	3,800	
Assessment Roll	5,000	5,000	-	5,000	5,200	
Arbitrage	500	-	500	500	500	
Dissemination Agent	5,300	3,975	1,325	5,300	5,512	
Trustee Fees	3,800	3,143	657	3,800	3,800	
Management Fees	42,500	31,875	10,625	42,500	44,200	
Information Technology	1,425	1,069	356	1,425	1,482	
Website Maintnenace	1,000	750	250	1,000	1,040	
Telephone	742	232	165	397	742	
Postage & Delivery	3,000	1,759	1,241	3,000	3,000	
Public Official Insurance	4,497	4,938	-	4,938	5,172	
Copies	4,100	1,373	1,196	2,569	2,500	
Legal Advertising	2,000	712	1,288	2,000	2,000	
Miscellaneous	1,500	343	75	418	1,500	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Cost Share Expense - Marshall Creek	20,000	-	74,496	74,496	100,000	
TOTAL GENERAL AND ADMINISTRATIVE	$183,939	$126,340	$126,306	$252,646	$276,222	
Operations & Maintenance						
Utilities
Electric	
$75,000	
$56,512	
$19,057	
$75,569	
$78,000	
Other Physical Environment						
General Insurance/Workers Comp	6,058	5,507	-	5,507	6,884	
Landscape Maintenance	291,276	218,457	72,819	291,276	291,276	
Landscape Improvements	50,000	33,544	16,456	50,000	50,000	
Mulch	50,000	25,000	25,000	50,000	50,000	
Lake Maintenance	22,000	14,097	4,614	18,711	22,000	
Fountain Maintenance	1,500	180	320	500	1,500	
Irrigation Repairs & Maintenance	39,000	22,156	16,524	38,680	39,000	
Storm Clean-Up	2,000	-	-	-	10,000	
Field Repairs & Maintenance	26,000	32,768	7,200	39,968	36,000	
Tree Removals	14,000	6,236	7,764	14,000	14,000	
Tree Pruning	-	-	-	-	15,000	
Streetlight Repairs	2,250	-	1,000	1,000	2,250	
Signage Repairs	1,000	-	500	500	1,000	
Holiday Decoration	5,000	-	5,000	5,000	5,000	
Miscellaneous Field Supplies	3,500	567	2,933	3,500	3,500	
TOTAL OPERATIONS & MAINTENANCE	$588,584	$415,023	$179,188	$594,211	$625,410	

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2024	6/30/24	  3 Months		9/30/24	FY 2025	

Amenities						
Administrative
Property & Casualty Insurance	
$37,581	
$36,496	
$0	
$36,496	
$43,218	
Payroll - Salaried	86,268	685	-	685	-	
Payroll - Hourly	91,375	1,638	-	1,638	-	
Payroll - Benefits	16,775	301	-	301	-	
Payroll Taxes	14,730	264	-	264	-	
Professional Services - Engineering	71,457	1,281	-	1,281	-	
Professional Services - Information Technology	1,890	34	-	34	-	
Travel & Per Diem	200	69	-	69	-	
Training	400	477	-	477	-	
Facility Management	-	201,374	54,722	256,096	266,340	
Performance Incentive	-	-	-	-	10,000	
Licenses & Permits	400	764	-	764	770	
Subscriptions & Memberships	500	1,086	420	1,506	2,040	
Office Supplies	3,000	1,836	400	2,236	3,000	
Office Equipment	2,500	2,146	354	2,500	2,500	
Communication - Telephone/Internet/TV	12,000	5,283	1,990	7,273	12,000	
Internet/Telephone - Guard House	5,821	3,095	1,029	4,124	4,500	
Field				-		
Field Management Fees	89,040	66,780	22,260	89,040	92,602	
General Utilities	75,000	49,518	17,189	66,707	78,000	
Refuse Removal	5,200	5,439	1,993	7,432	6,725	
Security	60,000	43,143	10,464	53,607	41,137	
Janitorial Services	13,978	31,597	10,449	42,046	43,467	
Operating Supplies - Spa & Paper	4,000	3,055	716	3,771	4,000	
Operating Supplies - Uniforms	500	-	500	500	500	
Cleaning Supplies	12,500	6,760	2,934	9,694	12,500	
Amenity Landscape Maintenance & Improvements	29,500	22,797	5,889	28,686	22,872	
Gate Repairs & Maintenance	2,500	799	1,701	2,500	2,500	
Dog Park Repairs & Maintenance	6,000	864	500	1,364	6,000	
Park Mulch	5,000	2,200	2,800	5,000	5,000	
Miscellaneous Field Supplies	4,100	485	3,615	4,100	4,100	
Buildings Repairs & Maintenance	15,000	87,520	1,500	89,020	30,000	
Pest Control	1,800	2,474	244	2,717	1,800	
Pool Maintenance - Contract	25,349	12,480	4,680	17,160	19,469	
Pool Repairs & Maintenance	3,000	2,738	262	3,000	3,000	
Pool Chemicals	3,800	19,485	6,164	25,650	30,000	
Signage & Amenity Repairs	300	500	-	500	300	
Special Events	2,000	461	1,539	2,000	2,000	
Park Repair & Maintenance	-	19,776	-	19,776	10,000	
Pickleball Repair & Maintenance	-	2,296	1,000	3,296	3,000	
Guardhouse Maintenance	2,500	-	1,000	1,000	2,500	
Playground Repairs & Maintenance	2,500	79	2,421	2,500	5,000	
Fitness				-		
Professional Services - Outside Fitness	55,515	36,118	16,754	52,872	55,515	
Fitness Equipment Repairs & Maintenance	7,000	3,010	2,871	5,880	7,000	
Fitness Equipment Rental	35,000	26,974	9,159	36,132	36,635	
Miniature Golf Course Maintenance	500	-	-	-	500	
Miscellaneous Fitness Supplies	6,300	1,326	2,474	3,800	6,300	
Capital Outlay - Machinery & Equipment	6,400	7,680	-	7,680	6,400	
TOTAL AMENITIES	$819,179	$713,178	$189,993	$903,171	$883,190	
						
TOTAL EXPENDITURES	$1,591,702	$1,254,541	$495,488	$1,750,028	$1,784,822	

Other Sources/Uses						
Capital Reserve	($191,000)	($191,000)	$0	($191,000)	($100,000)	
TOTAL OTHER SOURCES/(USES)	$(191,000)	$(191,000)	$-	$(191,000)	$(100,000)	
						
EXCESS REVENUES (EXPENDITURES)	$-	$265,755	$(265,755)	$-	$-	

REVENUES

Special Assessments-Tax Roll
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.
Fitness Center Revenue
The onsite fitness center provides various services that are fee based. Trainer will provide $5 fee for each session to the district.
Interest
The District earns interest on the monthly average collected balance for each of their investment accounts. The amount is based upon the estimated average balance of funds available during the fiscal year.

Expenditures - Administrative

Supervisors Fees
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting in which they attend. The budgeted amount for the fiscal year is based on all supervisors attending 12 meetings.
Engineering
The District's engineer, Matthews Design Group LLC, will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.
District Counsel
The District’s Attorney, Kilinski Van Wyk PLLC, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.
Annual Audit
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.
Assessment Roll Administration
The District has contracted with Governmental Management Services to maintain the assessment roll and annually certify for collection a Non-Ad Valorem assessment for operating and debt service expenses, calculate, collect, record and transmit prepaid assessments, maintain the District’s lien book along with various other responsibilities.
Dissemination Agent
The District is required to prepare an annual disclosure report in accordance with the Continuing Disclosure Agreement and Rule 15(c)(2)-12(b)(5) promulgated by Securities and Exchange Commission. The annual report is filed on the Municipal Securities Rulemaking Board (EMMA) website.

Trustee Fees
The District pays monthly fees plus reimbursable expenses to US Bank as Trustee for the District Series 2019A Special Assessment Revenue Bonds.
Management Fees
The District has contracted with Governmental Management Services, LLC to provide management, accounting and recording secretary services. These services include, but not limited to, advertising, recording, and transcribing of Board meetings, administrative services, budget preparation, financial reporting, and assisting with annual audits.
Information Technology
Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance
Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc. contracted with Governmental Management Services, LLC.
Telephone
New internet and Wi-Fi service for Office. Represents expense for telephone internet and Wi-Fi Service and conference calls for the office that are reimbursable by the district.
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.
Insurance General Liability
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon estimated premium.
Copies
Copies used in the preparation of agenda packages, required mailings, and other special projects.
Legal Advertising
The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to meeting schedules, special meeting notices and public hearings, bidding etc. for the District based on statutory guidelines.

Miscellaneous
This includes monthly bank charges, amortization schedules, office supplies and any other miscellaneous expenses that incur during the year.

Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.
Cost Share Expense - Marshall Creek
The District has an interlocal agreement with Marshall Creek Community Development District for shared facilities with certain costs, net of off-setting revenues. The net is then allocated based upon the proportionate number of platted units in each District.

Expenditures – Field Operations

Utilities:

Electric Services
The District has the following electric accounts with Florida Power & Light Company for general purposes. Additional streetlights may be added as phases are initiated.
Description	Monthly	Annual	
661 ENSENADA DR #IRR	$111	$1,332	
STREET LIGHTS # PALENCIA N PH	$5,100	$61,200	
166 TORCIDO BLVD #IRR	$42	$504	
166 PANTANO VISTA WAY # FOUNTAIN	$313	$3,756	
1504 LAS CALINAS BLVD #IRR	$154	$1,848	
43 PRIVADO CT #LITE	$32	$384	
537 ENSENADA DR #IRR	$38	$456	
2036 LAS CALINAS BLVD #IRR	$65	$780	
97 ONDA LN # IRR	$74	$888	
1329 LAS CALINAS BLVD #IRR	$88	$1,056	
1802 N LOOP PKWY #LGT	$12	$144	
499 ENSENADA DR #IRR	$12	$144	
633 GLORIETA DR #IRR	$18	$216	
2064 LAS CALINAS BLVD #IRR	$22	$264	
336 RIO DEL NORTE RD # IRR	$40	$480	
711 ENREDE LN		$379	$4,548 	
Total	$6,500	$78,000	

Other Physical Environment:

General Insurance
Represents the cost of annual coverage of general liability insurance. Coverage is provided by Egis Insurance who specializes in providing insurance coverage to governmental agencies.
Landscape Maintenance
The District has a contract with Duval Landscape Maintenance to maintain the landscaping located within the District. These services include monthly landscape maintenance such as mowing, weeding, edging, blowing debris and shrubs and groundcover pruning, as well as: fertilization, insect control, weed control, and irrigation inspections.
Landscape Improvements
Represents the cost of improving or replacing any landscaping located within the common areas of the District.

Mulch
The District will incur expenses related to providing ground covering.
Lake Maintenance
The District has contracted with Future Horizons Inc for the 24 ponds that require monthly maintenance and includes miscellaneous expenses.

Description	Monthly	Annual
Future Horizons			$1,538		$18,456 Contingency				$295			$3,544  Total		$1,833	$22,000

Fountain Maintenance
The District will incur expenses related to fountain maintenance.
Irrigation Repairs & Maintenance
The District will incur expenditures related to the maintenance of the irrigation systems.
Storm Clean-Up
Represents the estimated costs of Storm Clean-Up throughout the fiscal year.
Field Repairs & Maintenance
Represents estimated costs for the general repairs and maintenance of various facilities throughout the District.
Tree Removals
This item represents the estimated costs of removing any trees throughout the fiscal year.

Tree Pruning
This item represents the estimated costs of trimming Palm trees and Crepe Myrtles within the district.

Streetlight Repairs
The District will incur costs related to the repair and maintenance of streetlights not maintained by FPL within the District.
Signage Repair
The District will incur costs related to the repair and maintenance of the signage within the District.
Holiday Decoration
Represents an estimated cost for seasonal holiday decorations.
Miscellaneous Field Supplies
The District may incur costs for field maintenance supplies purchased on debit card for operations.

Expenditures – Amenities

Administrative:
Property & Casualty Insurance
The District’s property and casualty insurance coverage is provided by EGIS Insurance who specializes in providing insurance coverage to governmental agencies.
Facility Management
The District has contracted with Riverside Management Services to provide onsite amenity management and oversee the daily safety and enjoyment of residents by providing newsletters, communication, and email blasts. Management and staff will plan and execute special events throughout the year and monitor use and condition of Fitness Center and assist with budget process.
Performance Incentive
Bonus pool available for the Board to award performance incentive bonus to on-site staff as designated by Board policy.
Licenses & Permits
This line item is the cost for the licensing and permits necessary for operation of the Swim and Fitness Center (i.e. Pool Operating Permits).
Subscriptions & Memberships
The District purchases supplies from Amazon for the district., Pandora music for amenity center and, Court reserve $125.
Description	Monthly	Annual	
Amazon Membership	$15	$180	
Pandora Music	$29	$348	
Court Reserve	$125	$1,500	

Office Equipment

Contingency		$1	$12 
Total	$170	$2,040

This cost allocation represents the purchase of office equipment such as filing cabinets, printers, etc.
Communication – Telephone/Internet/TV
The District has an agreement with Comcast for this service. Additional monies budgeted for Marshall Creek Fitness Center Business Voice Edge and Village Key for quarterly monitoring with phone line.
Description	Monthly	Annual	
Village Key (Quarterly)	$20	$240	
Comcast	$659	$7,908	
Marshall Creek Comcast	$111	$1,332	
Contingency		$210	$2,520 
Total	$1,000	$12,000
Internet/Telephone - Guard House
This line item is for the Comcast service agreement for internet and telephone for the guard house location.
Description	Monthly	Annual
Comcast	$343	$4,116
Contingency		$32	$384 
Total	$375	$4,500

Field Management
The District has contracted with Riverside Management Services to provide onsite field management of contracts for the District Services such as landscape and lake maintenance. Services to include onsite inspections, meetings with contractors and monitoring of utility accounts.

General Utilities
County Utility Department for amenity purposes.
Description	Monthly	Annual	
FP&L – 1187 Las Calinas Blvd #LITE	$184	$2,208	
FP&L – 1865 N Loop Parkway	$4,500	$54,000	
FP&L – 491 Ensenada Drive #PARK	$38	$456	
TECO – 1865 N Loop Parkway	$80	$960	
Florida Natural Gas – 1865 N Loop Parkway	$50	$600	
St John’s Utility Dept – 1187 Las Calinas Blvd	$34	$408	
St John’s Utility Dept – 1865 N Loop Parkway	$879	$10,548	
St John’s Utility Dept – 491 Ensenada Park	$16	$192	
Contingency	$719	$8,628	
Total	$6,500	$78,000	
Refuse Removal
The District has contracted with Republic Services for trash removal.
Security
The District has contracted with Hidden Eyes DBA Envera Services for security gate monitoring
Description	Monthly	Annual
Hidden Eyes DBA Envera	$5,000	$60,000
Janitorial Services
The District has contracted with Marshall Creek CDD staffing services to provide commercial cleaning services for the amenities.
Operating Supplies - Spa & Paper
Represents expenses for restroom paper products, trash bags and other similar items.
Operating Supplies - Uniforms
Costs that will be incurred for uniforms for employees
Cleaning Supplies
Represents expenses for cleaning supplies.
Amenity Landscape Maintenance & Improvements
Represents costs for maintaining amenity center landscaping and any improvements to the landscape.
Gate Repairs & Maintenance
Represents estimated costs of repairing and/or maintaining the District’s gates.
Dog Park Repairs & Maintenance
Represents the cost for maintaining and repairing the District Dog Park.
Park Mulch
Cost for mulch used in the park.
Miscellaneous Field Supplies
This represents any Field Supplies expense that is purchased with Debit card cannot be otherwise categorized.
Buildings Repairs & Maintenance
The District may incur costs for various repairs and maintenance to the Amenity Center.
Pest Control
The District has contracted with Turner Pest Control to provide services to its buildings.
Pool Maintenance – Contract
Represents monthly water management costs for pool chemical services contracted with Poolsure.
Description	Monthly	Annual
PoolSure	$1,920	$23,044
Contingency		$192	$2,305 
Total	$2,112	$25,349

Pools Repairs & Maintenance
Represents any costs for pool maintenance services and repairs.
Pool Chemicals
Represents extra cost for pool chemicals purchased for amenity pool by amenity manager.
Signage & Amenity Repairs
Cost for sign purchases and replacements.
Special Events
Social and Promotional events for Swim & Fitness held on property, such as the Easter and the Halloween events.

Park Repair and Maintenance
Represents estimated cost for Onda Park maintenance services and repairs.
Pickleball Repair and Maintenance
Represents the estimated expenses for Pickball courts.
Guardhouse Maintenance
Represents the cost of maintenance for the guardhouse.
Playground Repairs & Maintenance
This District will incur costs related to the maintenance of its playground. This line item includes the cost of resealing the playground.

Fitness:
Professional Service - Outside Fitness
This category encompasses the Adult Fitness classes that are taught by fitness staff throughout the year.
Fitness Equipment Repairs & Maintenance
This category provides funds for any fitness equipment repair related expenses.
Fitness Equipment Rental
The District has a lease agreement with Geneva Capital for rental of fitness equipment for the Fitness facility. Currently renting spin bikes from Frank A Flori.

Miniature Golf Course Maintenance

Description	Monthly	Annual
Geneva Capital	$2,540	$30,477
Frank A Flori DBA Chariman's Enterprise		$513	$6,158 
Total	$3,053	$36,635

The District will incur costs related to the maintenance of the miniature golf course within the District.
Miscellaneous Fitness Supplies
Represents estimated costs for non-capitalizable fitness supplies, such as therapy bands, etc.
Capital Outlay - Machinery & Equipment
Represents any expenses for any fitness machinery or equipment that may be purchased.
Capital Reserve Transfer
Funds collected and reserved for major repairs and/or maintenance to the pool and amenity building.

Adopted Budget
Debt Service Series 2019 Special Assessment Revenue Bonds

		Adopted Budget	Actuals Thru	Projected Next  Pr	ojected Thru	Adopted Budget	
	Description	FY2024	6/30/24		3 Months		9/30/24	FY 2025	

REVENUES:							

Special Assessments - Tax Roll	
$741,613	
$721,624	
$18,552	
$740,176	
$741,440	
Special Assessments - Prepayments	-	10,898.09	-	10,898.09	-	
Interest Income	6,300	24,611	5,178	29,789	30,000	
Carry Forward Surplus (1)	155,434	$165,359	-	165,359	187,616	
TOTAL REVENUES	$903,347	$922,492	$23,730	$946,222	$959,056	

EXPENDITURES:						
Series 2019 - A1
Interest - 11/1	
$85,328	
$85,328	
$-	
$85,328	
$81,650	
Interest - 5/1	85,328	85,328	-	85,328	81,650	
Principal - 5/1	355,000	355,000	-	355,000	360,000	
Special Call - 5/1	-	10,000	-	10,000	-	
Series 2019 - A2
Interest - 11/1	
46,475	
46,475	
$-	
$46,475	
44,200	
Interest - 5/1	46,475	46,475	-	46,475	44,200	
Principal - 5/1	125,000	125,000	-	125,000	130,000	
Special Call - 5/1	-	5,000	-	5,000	-	
TOTAL EXPENDITURES	$743,606	$758,606	$-	$758,606	$741,700	

Other Sources/(Uses)	

Interfund transfer In/(Out)	
$-	
$-	
$-	
$-	
$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$743,606	$758,606	$-	$758,606	$741,700	
						
EXCESS REVENUES (EXPENDITURES)	$159,741	$163,886	$23,730	$187,616	$217,356	

(1) Carry Forward is Net of Reserve Requirement	
A-1 Interest Due 11/1/25	
$78,050	
	A-2 Interest Due 11/1/25	41,925	
		$119,975	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
	
11/1/24	$	5,980,000.00	$	-	$	81,650.00	$	81,650.00	
5/1/25	$	5,980,000.00	$	360,000.00	$	81,650.00		
11/1/25	$	5,620,000.00	$	-	$	78,050.00	$	519,700.01	
5/1/26	$	5,620,000.00	$	365,000.00	$	78,050.00			
11/1/26	$	5,255,000.00	$	-	$	74,171.88	$	517,221.89	
5/1/27	$	5,255,000.00	$	375,000.00	$	74,171.88			
11/1/27	$	4,880,000.00	$	-	$	69,953.13	$	519,125.01	
5/1/28	$	4,880,000.00	$	385,000.00	$	69,953.13			
11/1/28	$	4,495,000.00	$	-	$	65,381.25	$	520,334.38	
5/1/29	$	4,495,000.00	$	395,000.00	$	65,381.25			
11/1/29	$	4,100,000.00	$	-	$	60,443.75	$	520,825.00	
5/1/30	$	4,100,000.00	$	405,000.00	$	60,443.75			
11/1/30	$	3,695,000.00	$	-	$	54,621.88	$	520,065.63	
5/1/31	$	3,695,000.00	$	415,000.00	$	54,621.88			
11/1/31	$	3,675,000.00	$	-	$	48,656.25	$	518,278.13	
5/1/32	$	3,280,000.00	$	430,000.00	$	48,656.25			
11/1/32	$	2,850,000.00	$	-	$	42,475.00	$	521,131.25	
5/1/33	$	2,850,000.00	$	440,000.00	$	42,475.00			
11/1/33	$	2,410,000.00	$	-	$	36,150.00	$	518,625.00	
5/1/34	$	2,410,000.00	$	455,000.00	$	36,150.00			
11/1/34	$	1,955,000.00	$	-	$	29,325.00	$	520,475.00	
5/1/35	$	1,955,000.00	$	470,000.00	$	29,325.00			
11/1/35	$	1,485,000.00	$	-	$	22,275.00	$	521,600.00	
5/1/36	$	1,485,000.00	$	480,000.00	$	22,275.00			
11/1/36	$	1,005,000.00	$	-	$	15,075.00	$	517,350.00	
5/1/37	$	1,005,000.00	$	495,000.00	$	15,075.00			
11/1/37	$	510,000.00	$	-	$	7,650.00	$	517,725.00	
5/1/38	$	510,000.00	$	510,000.00	$	7,650.00			
				$	517,650.00	
		$	5,980,000.00	$	1,371,756.25	$	7,351,756.28	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	

11/1/24
5/1/25

$
$

2,295,000.00
2,295,000.00

$
$

-	$
130,000.00  $

44,200.00  $
44,200.00  $

44,200.00
-

11/1/25	$	2,165,000.00	$	-	$	41,925.00	$	216,125.00	
5/1/26	$	2,165,000.00	$	130,000.00	$	41,925.00	$	-	
11/1/26	$	2,035,000.00	$	-	$	39,650.00	$	211,575.00	
5/1/27	$	2,035,000.00	$	135,000.00	$	39,650.00	$	-	
11/1/27	$	1,900,000.00	$	-	$	37,287.50	$	211,937.50	
5/1/28	$	1,900,000.00	$	140,000.00	$	37,287.50	$	-	
11/1/28	$	1,760,000.00	$	-	$	34,837.50	$	212,125.00	
5/1/29	$	1,760,000.00	$	145,000.00	$	34,837.50	$	-	
11/1/29	$	1,615,000.00	$	-	$	32,300.00	$	212,137.50	
5/1/30	$	1,615,000.00	$	150,000.00	$	32,300.00	$	-	
11/1/30	$	1,465,000.00	$	-	$	29,300.00	$	211,600.00	
5/1/31	$	1,465,000.00	$	160,000.00	$	29,300.00	$	-	
11/1/31	$	1,305,000.00	$	-	$	26,100.00	$	215,400.00	
5/1/32	$	1,305,000.00	$	165,000.00	$	26,100.00	$	-	
11/1/32	$	1,140,000.00	$	-	$	22,800.00	$	213,900.00	
5/1/33	$	1,140,000.00	$	170,000.00	$	22,800.00	$	-	
11/1/33	$	970,000.00	$	-	$	19,400.00	$	212,200.00	
5/1/34	$	970,000.00	$	180,000.00	$	19,400.00	$	-	
11/1/34	$	790,000.00	$	-	$	15,800.00	$	215,200.00	
5/1/35	$	790,000.00	$	185,000.00	$	15,800.00	$	-	
11/1/35	$	605,000.00	$	-	$	12,100.00	$	212,900.00	
5/1/36	$	605,000.00	$	195,000.00	$	12,100.00	$	-	
11/1/36	$	410,000.00	$	-	$	8,200.00	$	215,300.00	
5/1/37	$	410,000.00	$	200,000.00	$	8,200.00	$	-	
11/1/37	$	210,000.00	$	-	$	4,200.00	$	212,400.00	
5/1/38	$	210,000.00	$	210,000.00	$	4,200.00	$	-	
					$	214,200.00	

$	2,295,000.00  $	736,200.00  $	3,031,200.00

Sweetwater Creek
Community Development District
Adopted Budget Capital Reserve Fund

	Adopted Budget	Actuals Thru	Projected Next  Projected Thru	Adopted Budget	
Description	FY2024	6/30/24		3 Months		9/30/24	FY 2025	

REVENUES:						
Capital Reserve - Transfer In	$191,000	$191,000	$-	$191,000	$100,000	
Interest Income	1,866	6,503	3,600	10,103	5,000	
Miscellaneous Income	-	4,000	-	4,000	-	
Insurance Proceeds	-	3,984	-	3,984	-	
Carry Forward Balance	263,780	264,580	-	264,580	444,309	
TOTAL REVENUES	$456,646	$470,067	$3,600	$473,667	$549,309	

EXPENDITURES:						
Capital Outlay	$-	$11,420	$-	$11,420	$30,000	
Repair & Maintenance	79,024	14,459	-	14,459	21,317	
Other Current Charges	525	433	120	553	600	
Reserve Study	-	2,925	-	2,925	-	
TOTAL EXPENDITURES	$79,549	$29,237	$120	$29,357	$51,917	

Other Sources/(Uses)						
Transfer in/(Out)	$-	$-	$-	$-	$0	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
EXCESS REVENUES (EXPENDITURES)	$377,097	$440,829	$3,480	$444,309	$497,392	

Sweetwater Creek Community Development District
Assessment Schedule - O&M
FY2024

Net O&M Assessments Collection fees (6%) Gross Assessments

$1,724,315.23
$110,062.67
$1,834,377.91

Product	Assessable
Units	
ERU/Unit	
ERU's	
% ERUs	Total Net
Assessments	
Net O&M	
Gross O&M	
Up to 63' Lot	469	1.00	469.00	58.17%	$	1,003,043.53	$ 2,138.69	$	2,275.20	
64-73' Lot	166	1.16	192.56	23.88%	$	411,825.29	$ 2,480.88	$	2,639.23	
80-88' Lot	42	1.40	58.80	7.29%	$	125,754.71	$ 2,994.16	$	3,185.28	
90' Lot	4	1.43	5.72	0.71%	$	12,233.28	$ 3,058.32	$	3,253.53	
Marsh (less than 15K sq ft)	6	1.40	8.40	1.04%	$	17,964.96	$ 2,994.16	$	3,185.28	
Marsh (15K-30K sq ft)	35	1.43	50.05	6.21%	$	107,041.21	$ 3,058.32	$	3,253.53	
Marsh (30K and greater)	6	1.50	9.00	1.12%	$	19,248.17	$ 3,208.03	$	3,412.80	
McCann Lots	8	1.59	12.72	1.58%	$	27,204.08	$ 3,400.51	$	3,617.56	
Total ERU's	736		806.25		$	1,724,315.23			

	FY2025	
Net O&M Assessments	$1,857,821.60	
Collection fees (6%)	$118,584.36	
Gross Assessments	$1,976,405.95	

Product	Assessable
Units	
ERU/Unit	
ERU's	
% ERUs	Total Net
Assessments	
Net O&M	
Gross O&M	
Increase	
Up to 63' Lot	469	1.00	469.00	58.17%	$	1,080,704.90	$ 2,304.27	$	2,451.36	$	176.16	
64-73' Lot	166	1.16	192.56	23.88%	$	443,711.17	$ 2,672.96	$	2,843.57	$	204.34	
80-88' Lot	42	1.40	58.80	7.29%	$	135,491.36	$ 3,225.98	$	3,431.90	$	246.62	
90' Lot	4	1.43	5.72	0.71%	$	13,180.45	$ 3,295.11	$	3,505.44	$	251.91	
Marsh (less than 15K sq ft)	6	1.40	8.40	1.04%	$	19,355.91	$ 3,225.98	$	3,431.90	$	246.62	
Marsh (15K-30K sq ft)	35	1.43	50.05	6.21%	$	115,328.96	$ 3,295.11	$	3,505.44	$	251.91	
Marsh (30K and greater)	6	1.50	9.00	1.12%	$	20,738.47	$ 3,456.41	$	3,677.03	$	264.24	
McCann Lots	8	1.59	12.72	1.58%	$	29,310.38	$ 3,663.80	$	3,897.66	$	280.09	
Total ERU's	736		806.25		$	1,857,821.60