Adopted Budget	
Fiscal Year 2023	

Vizcaya in Kendall	
Community Development District	

August 17, 2022

Vizcaya In Kendall	
Community Development District	

TABLE OF CONTENTS

General Fund	
Budget	
Assessment table	
Budget Narrative	

Page 1-3	
Page 4	
Page 5-9	

Debt Service Fund Series 2012A-1/A-2

Budget	
Amortization Schedule	

Page 10	
Page 11	

Debt Service Fund Series 2016

Budget	
Amortization Schedule	

Page 12	
Page 13	

Vizcaya in Kendall	
Community Development District	

Adopted	
Budget	
FY2022	

Actual	
thru	
7/31/2022	

Projected	
Next	
2 Months	

Projected	
As of	
9/30/2022	

Adopted	
Budget	
FY2023	

Description

$1,204,154	
$500	
$5,000	
$0	
$54,350	
$1,264,004	

Revenues

Maintenance Assessments - Net	
Interest Income	
Facility Rental Fees	
Misc Income/Key Replacements	
Unassigned Fund Balance	

$1,031,410	
$500	
$5,000	
$0	
$161,852	

$1,038,145	
$1,627	
$12,110	
$590	
$199,948	

$0	
$692	
$4,000	
$150	
$0	

$1,038,145	
$2,319	
$16,110	
$740	
$199,948	

Total Revenues	$1,198,762	$1,252,420	$4,842	$1,257,262

Supervisor Fees	
FICA Taxes	
Engineering Fees	
Arbitrage Rebate	
Dissemination Agent	
Assessment Roll Certification	
Attorney Fees	
Annual Audit	
Trustee Fees	
Management Fees	
Computer Time	
Telephone	
Postage	
Printing & Binding	
Insurance	
Legal Advertising	
Other Current Charges	
Website Compliance	
Office Supplies	
Dues, Licenses & Subscriptions	

$6,000	
$459	
$10,000	
$1,100	
$2,500	
$2,000	
$20,000	
$3,735	
$10,500	
$41,200	
$1,000	
$100	
$850	
$1,600	
$6,437	
$1,300	
$1,200	
$1,000	
$300	
$175	

$3,200	$800	
$245	$61	
$4,941	$2,000	
$3,300	$0	
$2,083	$416	
$2,000	$0	
$17,555	$2,445	
$3,675	$0	
$10,500	$0	
$34,333	$6,867	
$833	$167	
$0	$0	
$148	$100	
$352	$100	
$6,437	$0	
$620	$200	
$1,849	$0	
$833	$167	
$0	$0	
$175	$0	

$4,000	
$306	
$6,941	
$3,300	
$2,499	
$2,000	
$20,000	
$3,675	
$10,500	
$41,200	
$1,000	
$0	
$248	
$452	
$6,437	
$820	
$1,849	
$1,000	
$0	
$175	

$6,000	
$459	
$10,000	
$1,100	
$2,500	
$2,000	
$20,000	
$3,735	
$10,500	
$43,260	
$1,000	
$100	
$850	
$1,600	
$7,081	
$1,300	
$3,400	
$1,000	
$300	
$175	
$116,360	

Expenditures Administrative

Total Administrative	$111,456	$93,079	$13,322	$106,401

Vizcaya in Kendall	
Community Development District	

Adopted	
Budget	
FY2022	

Actual	
thru	
7/31/2022	

Projected	
Next	
2 Months	

Projected	
As of	
9/30/2022	

Adopted	
Budget	
FY2023	

Description

Field

Field Management Services	
Security Services	
Enhanced Security	
Miscellanous Security Services	
Internet	
Utilities - Electric Fountain/Irrigaton	
Utilities - Streetlighting	
Utilities - Water Fountains	
Equipment Leases - Golf Carts	
Entrance & Monument Repairs	
Landscape Maintenance	
Landscape Replacements	
Tree Trimming	
Fertilization Pest Control	
Irrigation Repairs/Maintenance	
Porter Services	
Porter Supplies	
Lakes and Preserve Maint.	
Miscellanous Lake Maintenance	
Fountain Maintenance/Repair	
Contingency	
Sidewalk Repairs	
Holiday Decorations	
Special Events	
Property Taxes	
Trustee BAN - Commercial	

$12,500	
$170,000	
$6,480	
$25,000	
$4,320	
$18,000	
$22,260	
$6,000	
$18,960	
$5,000	
$76,428	
$10,000	
$31,700	
$25,200	
$17,664	
$48,975	
$1,200	
$3,780	
$2,000	
$6,375	
$5,000	
$10,000	
$5,572	
$3,500	
$4,000	
$0	

$10,417	
$154,880	
$3,917	
$10,282	
$3,708	
$16,741	
$19,092	
$26,958	
$15,800	
$3,625	
$63,540	
$5,180	
$32,235	
$21,000	
$15,613	
$42,110	
$0	
$3,150	
$0	
$2,054	
$23,082	
$13,400	
$6,193	
$1,427	
$0	
$0	

$2,083	
$30,976	
$783	
$2,056	
$822	
$3,348	
$3,846	
$6,000	
$3,160	
$0	
$12,708	
$0	
$0	
$4,200	
$1,000	
$9,150	
$0	
$630	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	

Total Field	$539,914	$494,403	$80,763

$12,500		$13,125	
$185,856		$190,000	
$4,700		$6,480	
$12,338		$25,000	
$4,530		$4,440	
$20,090		$22,000	
$22,938		$25,000	
$32,958		$12,000	
$18,960		$18,960	
$3,625		$12,000	
$76,248		$76,428	
$5,180		$10,000	
$32,235		$31,700	
$25,200		$25,200	
$16,613		$17,664	
$51,260		$48,975	
$0		$1,200	
$3,780		$3,780	
$0		$2,000	
$2,054		$6,375	
$23,082		$5,000	
$13,400		$10,000	
$6,193		$6,193	
$1,427		$3,500	
$0		$0	
$0		$0	
$575,167		$577,020	

Clubhouse

Salary - Clubhouse employees	
FICA - Clubhouse emplyoees	
Worker's Comp	
Bank Processing	
Clubhouse Management	
Clubhouse Miscellaneous Services	
Facility Management	
Monitoring & Reporting Services	
Fire Monitoring	
Phone/Internet/Cable	
Utilities - Electric	
Utilities - Water	
Propane	
Refuse Services	
Property Insurance	

$0	
$0	
$0	
$0	
$206,572	
$16,800	
$12,000	
$4,980	
$3,720	
$8,400	
$27,000	
$28,000	
$7,000	
$39,000	
$35,339	

$75,919	
$5,808	
$2,684	
$0	
$79,935	
$0	
$10,000	
$4,565	
$1,060	
$7,448	
$26,859	
$18,824	
$6,002	
$39,896	
$36,597	

$27,900	
$2,134	
$0	
$400	
$5,580	
$0	
$2,000	
$415	
$500	
$1,434	
$5,372	
$4,706	
$0	
$5,035	
$0	

$103,819	
$7,942	
$2,684	
$400	
$85,515	
$0	
$12,000	
$4,980	
$1,560	
$8,882	
$32,231	
$23,530	
$6,002	
$44,931	
$36,597	

$185,524	
$14,193	
$3,000	
$1,800	
$39,943	
$0	
$12,000	
$4,980	
$3,720	
$9,000	
$27,000	
$36,000	
$7,000	
$39,000	
$42,407	

Vizcaya in Kendall	
Community Development District	

Adopted	
Budget	
FY2022	

Actual	
thru	
7/31/2022	

Projected	
Next	
2 Months	

Projected	
As of	
9/30/2022	

Adopted	
Budget	
FY2023	

Description

$52,416	
$4,800	
$7,500	
$10,608	
$5,000	
$0	
$39,000	
$5,000	
$540	
$3,000	
$500	
$4,500	
$5,500	
$500	
$6,193	
$0	
$570,624	
	
$1,264,004	

Clubhouse (continued)

Repairs & Maintenance	
A/C Maintenance	
Fitness Equipment Maintenance	
Landscape Maintenance	
Landscape Replacements	
Summer Employee	
Pool Maintenance	
Pool Repairs & Special Services	
Pest Control	
Contingencies	
Office Supplies	
Cleaning Supplies	
Operating Supplies	
Pool Permits	
Holiday Decorations	
Capital Outaly	

$55,000	
$4,800	
$4,500	
$10,608	
$5,000	
$7,500	
$44,625	
$5,000	
$540	
$2,695	
$500	
$4,500	
$5,500	
$1,000	
$6,813	
$0	

$28,982	
$425	
$8,603	
$8,840	
$0	
$0	
$37,587	
$23,683	
$450	
$1,681	
$53	
$0	
$7,400	
$625	
$6,193	
$12,257	

$0	
$200	
$250	
$1,768	
$0	
$0	
$8,666	
$1,000	
$120	
$0	
$10	
$0	
$1,480	
$0	
$0	
$0	

$28,982	
$625	
$8,853	
$10,608	
$0	
$0	
$46,253	
$24,683	
$570	
$1,681	
$63	
$0	
$8,880	
$625	
$6,193	
$12,257	

Total Clubhouse		$547,392		$452,374		$68,970		$521,344 Total Expenditures	$1,198,762	$1,039,857	$163,055	$1,202,912
Net change in Fund balance	$0	$212,563	($158,213)	$54,350	$0

Assessments Table FY 2022 vs FY2023

Units in acres	

Number of Units	FY2022	FY 2023	Potential Gross Increase PU	
		Gross O&M per Unit	Gross Clubhouse O&M	
Total Gross O&M	Gross O&M per Unit	Gross Clubhouse O&M	
Total Gross O&M	Gross O&M per Unit	Gross Clubhouse O&M	
Total increase	

Assessment Area 1										
Buildings/apartments	12.85	13	$10,755.86	$0.00	$138,212.80	$17,340.00	$0.00	$222,819.00	$6,584.14	$0.00	$84,606.20	
Single Family		205	$416.28	$788.21	$246,920.45	$509.36	$819.79	$272,475.75	$93.08	$31.58	$25,555.30	
Townhomes		115	$416.28	$788.21	$138,516.35	$509.36	$819.79	$152,852.25	$93.08	$31.58	$14,335.90	

Assessment Area 2				
Single Family		92	$416.28	$788.21	$110,813.08	$509.36	$819.79	$122,281.80	$93.08	$31.58	$11,468.72	
Townhomes		355	$416.28	$788.21	$427,593.95	$509.36	$819.79	$471,848.25	$93.08	$31.58	$44,254.30	
Live/Work		19	$416.28	$788.21	$22,885.31	$509.36	$819.79	$25,253.85	$93.08	$31.58	$2,368.54	
Total Residential units

Gross assessments
Less Discount & Collection Fees 5% Net Assessments	799		

$1,084,941.94 ($54,247.10)		

$1,267,530.90 ($63,376.55)	$118.43	Net PIPU	

$182,588.96 ($9,129.45)	
								
			$1,030,694.84		$1,204,154.36		$173,459.51	

Vizcaya in Kendall	
Community Development District	

		

1267516.74	
1358008.57	
90491.83	

Page 4

General Fund

REVENUES:

Maintenance Assessment
It is presently anticipated that the District will levy a Maintenance Assessment to all landowners within the District to funding the Operations and Maintenance for the fiscal year.

Kendall Square HOA – Porter Services
The district currently receives reimbursement of $910.00 a month for Porter Services from Kendall Square HOA.

EXPENDITURES:

Administrative:

Supervisor Fees
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon 3 supervisors attending the estimated 6 meetings.

FICA Taxes
Related payroll taxes of 7.65% for above.

Engineering Fees
The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Arbitrage
The District is required to have an annual arbitrage rebate calculation on the District’s Bonds. The District will contract with an independent auditing firm to perform the calculations.

Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c) (2)-12(b) (5), which relates to additional reporting requirements for un-rated bond issues.

Assessment Roll Certification
Represents an annual charge for preparing and administrating the District’s assessments on the landowner’s tax bills.

Attorney Fees
The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, resolutions etc. Included in the budgeted amount are legal fees for the continuing litigation against TOUSA.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Trustee Fees
The District has issued bonds to be held with a Trustee at Wells Fargo and Regions Bank. The amount of the trustee fees is based on the agreement between the bank and the District.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – South Florida, LLC.

Administrative: (continued)

Computer Time
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.

Telephone
Telephone and fax machine.

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

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

Insurance
The District will bind General Liability & Public Officials Liability Insurance with a firm that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.

Legal Advertising
The District is required to advertise various notices in a newspaper of general circulation.

Other Current Charges
Bank charges and any other miscellaneous expenses that incurred during the year.

Website Compliance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.

Office Supplies
Miscellaneous office supplies.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity for $175.

Capital Outlay
Represents any minor capital expenditures the District may need to make during the Fiscal Year.

Field:

Field Management Services
The supervision and on-site management of Vizcaya in Kendall CDD. The responsibilities include reviewing contracts and other maintenance related items.

Security Services
The District entered into a contract with Vested Security, Inc.

Enhanced Security Services
The use of an Off-duty police officer.

Miscellaneous Security Services
Includes any additional security services the District should incur during the fiscal year.

Internet
Internet service for the soccer field.

Field: (Continued)

Utilities - Electric

The District currently has 4 accounts with Florida Power & Light:

-16900 SW 88th Street Fountain
-16950 SW 93rd Street Fountain
-16950 SW 93rd Street Fountain (2)
-16950 SW 93rd Street Pavilion

Utilities - Street Lighting
This represents the electric fees associated with the streetlights.

Utilities - Water Fountains
The maintenance of the three water fountains.

Equipment Leases – Golf Carts
The District is leasing 2 golf carts from Vested Security, Inc.

Entrance and Monument Repairs
Represents repairs and wash for the main entrance and gazebo.

Landscape Maintenance
Landscaping of the common area to include grass cutting and edging. The District is contracted with Turf Management.

Landscape Replacement
Landscaping and maintenance of the common areas.

Tree Trimming
The District is contracted with Turf Management to trim the district’s trees/Palms.

Fertilization Pest Control
The District has currently a contract with Southern Plant & Pest Control for pest control.

Irrigation Repairs/Maintenance
The District’s contracted Turf Management to maintain the irrigation system which includes monthly wet check and irrigation system repair materials.

Porter Services
This represents 20 hours a week or various cleanup and maintenance.

Porter Supplies
Represents the materials needed for Porter Services.

Lake and Preserve Maintenance
Includes monthly cleaning of all District lakes. The District is contracted with Eco Blue Aquatic Services for these services.

Miscellaneous Lake Maintenance
Includes any un-budgeted expense related to the maintenance of the lakes.

Fountain Maintenance
The District contracted Miami Pools Tech, Inc. to maintain the fountains within the District.

Contingencies
Represents any un-budgeted expense.

Field: (Continued)

Sidewalk Repairs
Represents any sidewalk repairs.

Holiday Decorations
The District currently contracts with CDI Enterprises for the annual Holiday lighting.

Special Events
This represents any special events held at the district.

Trustee BAN-Commercial
US Bank trustee fees for maintaining BAN.

Clubhouse:

Salary – Clubhouse employees
Cost is based on hired 5.5 employees; 2 full-time field analysts, 2 part-time field analysts, 1 full-time Janitor and 1 part- time janitor to oversee the Clubhouse.

FICA – Clubhouse employees
Represents payroll taxes of 7.65% for clubhouse employees.

Worker’s Comp
Represents the worker’s compensation insurance for the Clubhouse employees.

Bank Processing
Charges of bank fees for employee’s salary.

Clubhouse Management Fees
GMS management fees to cover clubhouse employees’ benefits.

Facility Management
Management for the day-to-day onsite management of the Clubhouse, pool facility, fitness center and playground as part of a management agreement with Governmental Management Services – South Florida, LLC.

Monitoring and Reporting Services
The District is currently in contract with Vested Security for monitoring and reporting.

Fire Monitoring
The District has contracted with Empire Fire Safety for this service.

Phone/Internet/Cable
The District currently has accounts with Comcast to provide phone, internet, and cable service to the Clubhouse.

Utilities - Electric
The currently 1 account with Florida Power & Light:

-9501 SW 171st Ave - Clubhouse

Utilities - Water & Sewer
Water and sewer cost for the Club.

Propane
The purchases of propane gas for the District.

Clubhouse: (continued)

Refuse Services
The District has contracted with Waste Connections of Florida for refuse services.

Property Insurance
Represents the property insurance for the Clubhouse and contents.

Repairs and Maintenance
Maintenance expenditures required to repair and maintain the Club.

A/C Maintenance
This represents the maintenance of the air conditioners.

Fitness Equipment Maintenance
This line item is the estimated cost to maintain the fitness equipment.

Landscape Maintenance
Landscaping of the Clubhouse to include grass cutting and edging. The District is contracted with Turf Management for these services.

Landscape Replacements
Any additional landscape services needed for the District.

Pool Maintenance
The District has contracted with Miami Pool Tech, Inc. for monthly pool maintenance. The services include:

-Test balance and maintain proper chemical balance
-Vacuum, backwash filter, clean skimmer baskets
-Monitor and inspect all pool and fountain equipment

Pool Repairs and Special Services
Includes any repairs for the pool.

Pest Control
Preventative maintenance for bugs and rodents.

Contingencies
Represents any un-budgeted expense.

Office Supplies/Clubhouse Supplies
Supplies to run Club and Club Office.

Cleaning Supplies
Includes additional supplies not provided by contract.

Operating Supplies
Includes supplies needed to operate.

Pool Permits
Required annual licenses from the Florida Department of Health for the pool and spa.

Holiday Decorations
The District currently contracts with CDI Enterprises for the annual Holiday lighting.

Vizcaya in Kendall	
Community Development District	

 	
Debt Service Fund	
Series 2012A-1/A-2, Special Assessment Refunding Revenue Bonds	

Adopted	
Budget	
FY2022	

Actual	
thru	
7/31/2022	

Projected	
Next	
2 Months	

Projected	
As of	
9/30/2022	

Adopted	
Budget	
FY2023	

Description

Revenues

Special Assessments A1	
Special Assessments A2	
Interest Income	
Carry Forward Surplus (1)	

$365,902	
$396,394	
$0	
$564,325	

$368,257	
$398,945	
$1,438	
$564,318	

$0	
$0	
$50	
$0	

$368,257	
$398,945	
$1,488	
$564,318	

$365,902	
$396,394	
$0	
$570,573	

Total Revenues	$1,326,621	$1,332,958	$50	$1,333,008	$1,332,869

Expenditures

Series 2012A-1	
Interest 11/1	
Principal - 5/1	
Interest - 5/1	

$136,003	
$95,000	
$136,003	

$136,003	$0	
$95,000	$0	
$136,003	$0	

$136,003	
$95,000	
$136,003	

$133,343	
$105,000	
$133,343	

Series 2012A-2	
Interest 11/1	
Principal - 5/1	
Interest - 5/1	

$145,215	
$105,000	
$145,215	

$145,215	$0	
$105,000	$0	
$145,215	$0	

$145,215	
$105,000	
$145,215	

$142,275	
$110,000	
$142,275	

Total Expenditures	$762,435		$762,435		$0		$762,435		$766,235	
										
EXCESS REVENUES	$564,186		$570,523		$50		$570,573		$566,634	

Interest Payment - 11/1/23	
A-1	$130,166.25	
A-2	$138,947.50	
$269,113.75	

(1) Carry forward is net of Reserve Fund requirement.

Phs	
Product	
Units	Gross Assessments
FY 2021	Total FY 2023	
I	Single Family	205	$1,208.94	$247,832.70	
I	Townhomes	115	$911.39	$104,809.85	
II	Single Family	92	$1,200.68	$110,462.56	
II	Townhomes	355	$907.25	$322,073.75	
II	Live/Work	19	$907.25	$17,237.75	
	TOTAL	786		$802,416.61	
		Less Discount & Collection Fees 5%	($40,120.83)	
			Net Assessments	$762,295.78	

Vizcaya in Kendall	Series 2012A-1/A-2, Special Assessment Refunding Revenue Bonds Community Development District		Amortization Schedule

DATE	2012A-1
BONDS PRINCIPAL	2012A-1
BONDS INTEREST	2012A-2
BONDS PRINCIPAL	2012A-2
BONDS INTEREST	

TOTAL	
11/01/22		$133,342.50		$142,275.00	$275,617.50	
05/01/23	$105,000.00	$133,342.50	$110,000.00	$142,275.00	$490,617.50	

11/01/23		$130,166.25		$138,947.50	$269,113.75	
05/01/24	$110,000.00	$130,166.25	$115,000.00	$138,947.50	$494,113.75	
11/01/24		$126,838.75		$135,468.75	$262,307.50	
05/01/25	$115,000.00	$126,838.75	$125,000.00	$135,468.75	$502,307.50	
11/01/25		$123,360.00		$131,687.50	$255,047.50	
05/01/26	$125,000.00	$123,360.00	$130,000.00	$131,687.50	$510,047.50	
11/01/26		$119,578.75		$127,755.00	$247,333.75	
05/01/27	$130,000.00	$119,578.75	$140,000.00	$127,755.00	$517,333.75	
11/01/27		$115,646.25		$123,520.00	$239,166.25	
05/01/28	$140,000.00	$115,646.25	$150,000.00	$123,520.00	$529,166.25	
11/01/28		$111,411.25		$118,982.50	$230,393.75	
05/01/29	$150,000.00	$111,411.25	$160,000.00	$118,982.50	$540,393.75	
11/01/29		$106,873.75		$114,142.50	$221,016.25	
05/01/30	$160,000.00	$106,873.75	$170,000.00	$114,142.50	$551,016.25	
11/01/30		$102,033.75		$109,000.00	$211,033.75	
05/01/31	$165,000.00	$102,033.75	$180,000.00	$109,000.00	$556,033.75	
11/01/31		$97,042.50		$103,555.00	$200,597.50	
05/01/32	$180,000.00	$97,042.50	$190,000.00	$103,555.00	$570,597.50	
11/01/32		$91,597.50		$97,807.50	$189,405.00	
05/01/33	$190,000.00	$91,597.50	$205,000.00	$97,807.50	$584,405.00	
11/01/33		$85,042.50		$90,735.00	$175,777.50	
05/01/34	$205,000.00	$85,042.50	$220,000.00	$90,735.00	$600,777.50	
11/01/34		$77,970.00		$83,145.00	$161,115.00	
05/01/35	$220,000.00	$77,970.00	$235,000.00	$83,145.00	$616,115.00	
11/01/35		$70,380.00		$75,037.50	$145,417.50	
05/01/36	$235,000.00	$70,380.00	$250,000.00	$75,037.50	$630,417.50	
11/01/36		$62,272.50		$66,412.50	$128,685.00	
05/01/37	$250,000.00	$62,272.50	$270,000.00	$66,412.50	$648,685.00	
11/01/37		$53,647.50		$57,097.50	$110,745.00	
05/01/38	$270,000.00	$53,647.50	$285,000.00	$57,097.50	$665,745.00	
11/01/38		$44,332.50		$47,265.00	$91,597.50	
05/01/39	$290,000.00	$44,332.50	$305,000.00	$47,265.00	$686,597.50	
11/01/39		$34,327.50		$36,742.50	$71,070.00	
05/01/40	$310,000.00	$34,327.50	$330,000.00	$36,742.50	$711,070.00	
11/01/40		$23,632.50		$25,357.50	$48,990.00	
05/01/41	$330,000.00	$23,632.50	$355,000.00	$25,357.50	$733,990.00	
11/01/41		$12,247.50		$13,110.00	$25,357.50	
05/01/42	$355,000.00	$12,247.50	$380,000.00	$13,110.00	$760,357.50	
	$4,035,000.00	$3,443,487.50	$4,305,000.00	$3,676,087.50	$15,459,575.00	

Vizcaya in Kendall	
Community Development District	

 	
Debt Service Fund	
Series 2016 - Special Assessment Bonds	
Clubhouse	

Proposed	
Budget	
FY2022	

Actual	
thru	
7/31/2022	

Projected	
Next	
2 Months	

Projected	
As of	
9/30/2022	

Adopted	
Budget	
FY2023	

Description

Revenues

Special Assessments	
Interest Income	
Carry Forward Surplus (1)	

$527,812	
$0	
$456,457	

$531,210	
$1,036	
$456,423	

$0	
$100	
$0	

$531,210	
$1,136	
$456,423	

$527,812	
$0	
$465,565	

Total Revenues	$984,269	$988,669	$100	$988,769	$993,377

Expenditures

Series 2016	
Interest 11/1	
Principal - 11/1	
Interest - 5/1	

$160,255	
$205,000	
$157,949	

$160,255	$0	
$205,000	$0	
$157,949	$0	

$160,255	
$205,000	
$157,949	

$157,949	
$210,000	
$155,586	

Total Expenditures	$523,204		$523,204		$0		$523,204		$523,535	
										
EXCESS REVENUES	$461,066		$465,465		$100		$465,565		$469,842	

P&I payment - 11/1/2023	
Principal	$215,000	
Interest	$155,586	
$370,586	

(1) Carry forward is net of Reserve Fund requirement.

Product	
Units	Gross Assessments
FY 2021	Total FY 2021	
Single Family	297	$706.86	$209,937.42	
Townhomes	470	$706.86	$332,224.20	
Villas	19	$706.86	$13,430.34	
TOTAL	786		$555,591.96	
	Less Discount & Collection Fees 5%	($27,779.60)	
		Net Assessments	$527,812.36	

Vizcaya in Kendall	
Community Development District	

 	
Series 2016 Special Assessment Bonds	
Amortization Schedule	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/22	$8,190,000.00	$210,000.00	$157,948.75	
05/01/23	$7,980,000.00	$155,586.25	$523,535.00	
11/01/23	$7,980,000.00	$215,000.00	$155,586.25	
05/01/24	$7,765,000.00	$152,898.75	$523,485.00	
11/01/24	$7,765,000.00	$220,000.00	$152,898.75	
05/01/25	$7,545,000.00	$149,873.75	$522,772.50	
11/01/25	$7,545,000.00	$225,000.00	$149,873.75	
05/01/26	$7,320,000.00	$146,498.75	$521,372.50	
11/01/26	$7,320,000.00	$230,000.00	$146,498.75	
05/01/27	$7,090,000.00	$142,818.75	$519,317.50	
11/01/27	$7,090,000.00	$240,000.00	$142,818.75	
05/01/28	$6,850,000.00	$138,318.75	$521,137.50	
11/01/28	$6,850,000.00	$250,000.00	$138,318.75	
05/01/29	$6,600,000.00	$133,631.25	$521,950.00	
11/01/29	$6,600,000.00	$260,000.00	$133,631.25	
05/01/30	$6,340,000.00	$128,756.25	$522,387.50	
11/01/30	$6,340,000.00	$270,000.00	$128,756.25	
05/01/31	$6,070,000.00	$123,693.75	$522,450.00	
11/01/31	$6,070,000.00	$280,000.00	$123,693.75	
05/01/32	$5,790,000.00	$118,443.75	$522,137.50	
11/01/32	$5,790,000.00	$290,000.00	$118,443.75	
05/01/33	$5,500,000.00	$112,643.75	$521,087.50	
11/01/33	$5,500,000.00	$300,000.00	$112,643.75	
05/01/34	$5,200,000.00	$106,643.75	$519,287.50	
11/01/34	$5,200,000.00	$310,000.00	$106,643.75	
05/01/35	$4,890,000.00	$100,443.75	$517,087.50	
11/01/35	$4,890,000.00	$325,000.00	$100,443.75	
05/01/36	$4,565,000.00	$93,943.75	$519,387.50	
11/01/36	$4,565,000.00	$335,000.00	$93,943.75	
05/01/37	$4,230,000.00	$87,243.75	$516,187.50	
11/01/37	$4,230,000.00	$350,000.00	$87,243.75	
05/01/38	$3,880,000.00	$80,025.00	$517,268.75	
11/01/38	$3,880,000.00	$365,000.00	$80,025.00	
05/01/39	$3,515,000.00	$72,496.88	$517,521.88	
11/01/39	$3,515,000.00	$380,000.00	$72,496.88	
05/01/40	$3,135,000.00	$64,659.38	$517,156.25	
11/01/40	$3,135,000.00	$395,000.00	$64,659.38	
05/01/41	$2,740,000.00	$56,512.50	$516,171.88	
11/01/41	$2,740,000.00	$410,000.00	$56,512.50	
05/01/42	$2,330,000.00	$48,056.25	$514,568.75	
11/01/42	$2,330,000.00	$430,000.00	$48,056.25	
05/01/43	$1,900,000.00	$39,187.50	$517,243.75	
11/01/43	$1,900,000.00	$445,000.00	$39,187.50	
05/01/44	$1,455,000.00	$30,009.38	$514,196.88	
11/01/44	$1,455,000.00	$465,000.00	$30,009.38	
05/01/45	$990,000.00	$20,418.75	$515,428.13	
11/01/45	$990,000.00	$485,000.00	$20,418.75	
05/01/46	$505,000.00	$10,415.63	$515,834.38	
11/01/46	$505,000.00	$505,000.00	$10,415.63	

$8,190,000.00	$4,784,388.75	$12,458,973.13