Amended Budget	
Fiscal Year 2022	

Copper Creek Community	
Development District	

March 16, 2023

Copper Creek	
Community Development District	

TABLE OF CONTENTS

General Fund	
Budget	
Amortizaton Schedule	
Narrative	

Page 1-2	
Page 3	
Page 4-5	

Debt Service Fund	
Budget	
Amortizaton Schedule	

Page 6	
Page 7	

Copper Creek	
Community Development District	

Revenues	
Carry Forward	
Assessments - On Roll	
Assessments - Direct	
Stormwater Rebate	
State Board - Interest	

$147,298	
$117,598	
$23,520	
$49,572	
$0	

$84,216	
$118,095	
$23,520	
$63,749	
$2,112	

$0	
$0	
$0	
$0	
$0	

$84,216	
$118,095	
$23,520	
$63,749	
$2,112	

General Fund	
Exhibit A	
Amended
Budget FY 2022	

$49,024
$118,095
$23,520
$63,749
$2,112	
$256,500	

$10,000
$0
$5,100
$10,000
$3,290
$4,000
$32,000
$1,000
$1,000
$50
$500
$600
$6,900
$1,500
$700
$100
$175
$100
$0
$1,000	
$78,015	

$1,500
$42,000
$15,500
$5,700
$1,800	
$66,500	

Adopted	
Budget	
FY2022	

Actual	
Thru	
9/30/2022	

Projected	
Next	
0 Months	

Projected	
thru	
9/30/2022	

Description

Total Revenues	$337,988	$291,692	$0	$291,692

Expenditures

Administrative	
Engineering Fees	
Arbitrage	
Dissemination Agent	
Attorney Fees	
Annual Audit	
Trustee Fees	
Management Fees	
Computer Time	
Website Compliance	
Telephone	
Postage	
Printing & Binding	
Insurance	
Legal Advertising	
Other Current Charges	
Office Supplies	
Dues, Licenses & Subscriptions	
Capital Outlay	
Street Lighting Loan	
Operating Reserve	

$10,000	
$1,200	
$5,000	
$15,000	
$5,000	
$6,000	
$32,000	
$1,000	
$1,000	
$50	
$500	
$600	
$6,900	
$1,500	
$700	
$100	
$175	
$100	
$30,000	
$22,777	

$3,119	
$0	
$5,100	
$8,350	
$3,290	
$4,000	
$32,000	
$1,000	
$1,000	
$0	
$231	
$277	
$6,405	
$1,052	
$503	
$35	
$175	
$0	
$0	
$150	

$833		$3,952	
$0		$0	
$0		$5,100	
$0		$8,350	
$0		$3,290	
$0		$4,000	
$0		$32,000	
$0	##	$1,000	
$0		$1,000	
$0		$0	
$0		$231	
$0		$277	
$0		$6,405	
$0		$1,052	
$45		$548	
$0		$35	
$0		$175	
$0		$0	
$0		$0	
$0		$150	

Total Adminstrative	$139,602	$66,686	$878	$67,565

Field 	
Stormwater Maintenance /R&R	
Stormwater Contingencies	
Lake Management	
Midge Control	
Littoral Maintence	

$28,372	
$0	
$15,500	
$5,700	
$1,516	

$0	
$40,414	
$15,300	
$5,616	
$1,800	

$0	$0	
$0	$40,414	
$0	$15,300	
$0	$5,616	
$0	$1,800	

Total Field	$51,088	$63,130	$0	$63,130

Copper Creek	
Community Development District	

General Fund	
Exhibit A	
Amended
Budget FY 2022	

$82,000	
$82,000	

$3,218
$23,550
$3,218	
$29,985	
	
$256,500	
	
$0	

Adopted	
Budget	
FY2022	

Actual	
Thru	
9/30/2022	

Projected	
Next	
0 Months	

Projected	
thru	
9/30/2022	

Description

Steet Lighting Loan

Lighting Project	$0	$81,988	$0	$81,988

Total Lighting Project	$0	$81,988	$0	$81,988

Series 2021 	
Interest - 11/01	
Principal - 5/1	
Interest - 5/01	

$3,218	
$23,550	
$3,218	

$3,218	
$23,550	
$3,218	

$0	
$0	
$0	

$3,218	
$23,550	
$3,218	

Total Debt Service	$29,985		$29,985		$0		$29,985	
								
TOTAL EXPENDITURES	$220,675		$241,790		$878		$242,668	
								
Excess Revenues/Expenditures	$117,313		$49,902		($878)		$49,024	

Copper Creek	
Community Development District	
Series 2021 Note	

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	

11/01/21	$130,000.00	$0.00	$3,217.50	$0.00	
05/01/22	$106,449.77	$23,550.23	$3,217.50	$29,985.23	
11/01/22	$106,449.77	$0.00	$2,634.63	$0.00	
05/01/23	$81,733.80	$24,715.97	$2,634.63	$29,985.23	
11/01/23	$81,733.80	$0.00	$2,022.91	$0.00	
05/01/24	$55,794.39	$25,939.41	$2,022.91	$29,985.23	
11/01/24	$55,794.39	$0.00	$1,380.91	$0.00	
05/01/25	$28,570.98	$27,223.41	$1,380.91	$29,985.23	
11/01/25	$28,570.98	$0.00	$707.13	$0.00	
05/01/26	$0.00	$28,570.98	$707.13	$29,985.24	

$106,449.77		$13,491.16		$119,940.93	

Copper Creek
Community Development District
GENERAL FUND BUDGET

REVENUES:

Storm Water Fee Assessment
The City of Port St. Lucie assesses the residents of the District for Repairs, Maintenance and Capital Improvements of the Drainage System. The city then remits the storm water fees less an administrative fee to the District since the District provides all of these services.

Assessments
The District will levy a Maintenance Assessment on all assessable property within the District.

EXPENDITURES:

Administrative:

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 Rebate Calculation
The District is required to annually have an arbitrage rebate calculation on the District's Series 2019 Special Assessment Bonds. The District will contract with an independent certified public accounting firm to calculate the rebate liability and submit a report to the District.

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.

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, etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Per Section 218.39 of the Florida Statues, each special district with total revenues or expenditures in excess of $100,000 OR any special district with revenue or expenses between $50,000 and $100,000 that has not been subject to a financial audit in the 2 preceding fiscal years must perform an independent annual audit.

Trustee Fees
The District issued Series 2019 Special Assessment Bonds which are held with a Trustee at Wells Fargo. The amount of the trustee fees budgeted is based on the agreement between Wells Fargo 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.

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.

Website Compliance
Per Section 189.069 F.S, all District must have a website by October 1, 2015 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 as required by the Statute.

Copper Creek
Community Development District
GENERAL FUND BUDGET

Administrative: (Continued)

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'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 similar Community Development Districts.

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 and any other miscellaneous expenses that incurred during the year.

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. This is the only expense under this category for the District.

Capital Outlay
Represents any minor capital expenditures the District may need to make during the Fiscal Year such as a file cabinet for District files.

Operating Reserves
Funds for expenditures of the District will be incurred before assessments are collected.

Street Lighting
Represents charges for the purchase and installation of new street lighting within the Copper Creek Community Development District.

Field:

Stormwater Maintenance/R&R
Represents the maintenance of the stormwater management system.

Stormwater Contingencies
Represents any contingencies of the stormwater management system.

Lake Management
Includes monthly cleaning of all District lakes.

Midge Control
Includes monthly midge management services.

Littoral Maintenance
Includes maintenance of littoral plants.

Copper Creek	
Community Development District	

 	
Debt Service Fund	
Series 2019 Special Assessment Bonds	

Revenues	
Special Assessments - On Roll	
Special Assessments - Direct	
Interest Income	
Carry Forward Surplus (1)	

$264,002	$265,227	
$52,800	$27,450	
$0	$33	
$365,258	$207,837	

$0	
$0	
$47	
$0	

$265,227	
$27,450	
$80	
$207,837	

$264,002	
$52,800	
$0	
$190,282	

Adopted	
Budget	
FY2021	

Actual	
Thru	
6/30/2021	

Projected	
Next	
3 Months	

Projected	
thru	
9/30/2021	

Adopted	
Budget	
FY 2022	

$47		$500,595	

Description

$0	
$0	
$0	

$682,060		$500,548	

Total Revenues

Expenditures

Series 2019	
Interest - 11/01	
Principal - 11/01	
Interest - 05/01	

 	
$115,931	
$80,000	
$114,381	

	
$115,931	
$80,000	
$114,381	

Total Expenditures		$310,313		$310,313		$0		$310,313		$312,116	
											
EXCESS REVENUES		$371,747		$190,236		$47		$190,282		$194,968	

(1) Carry forward surplus is net of the reserve requirement.

$507,084

$115,931	
$80,000	
$114,381	

 	
$114,381	
$85,000	
$112,734	

Principal 11/01/22	
Interest 11/01/22	

$  90,000.00	
$ 112,734.38	
$ 202,734.38	

Land Use	
No. Units	
Gross Per Unit	
TOTAL	
Phase 1 - On Roll	480	$597.83	$286,958.40	
Phase 2 - Direct	96	$550.00	$52,800.00	
	576		$339,758.40	
	Less	Discount/Collection Fees	($22,956.67)	
		Total Net Assessment	$316,801.73	

Copper Creek	
Community Development District	
Series 2019 Special Assessment Bonds	

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
					
11/01/21	$4,830,000.00	$85,000.00	$114,381.25	$313,762.50	
05/01/22	$4,745,000.00	$0.00	$112,734.38	$0.00	
11/01/22	$4,745,000.00	$90,000.00	$112,734.38	$315,468.75	
05/01/23	$4,655,000.00	$0.00	$110,990.63	$0.00	
11/01/23	$4,655,000.00	$90,000.00	$110,990.63	$311,981.25	
05/01/24	$4,565,000.00	$0.00	$109,246.88	$0.00	
11/01/24	$4,565,000.00	$95,000.00	$109,246.88	$313,493.75	
05/01/25	$4,470,000.00	$0.00	$107,406.25	$0.00	
11/01/25	$4,470,000.00	$100,000.00	$107,406.25	$314,812.50	
05/01/26	$4,370,000.00	$0.00	$105,406.25	$0.00	
11/01/26	$4,370,000.00	$105,000.00	$105,406.25	$315,812.50	
05/01/27	$4,265,000.00	$0.00	$103,306.25	$0.00	
11/01/27	$4,265,000.00	$110,000.00	$103,306.25	$316,612.50	
05/01/28	$4,155,000.00	$0.00	$101,106.25	$0.00	
11/01/28	$4,155,000.00	$110,000.00	$101,106.25	$312,212.50	
05/01/29	$4,045,000.00	$0.00	$98,906.25	$0.00	
11/01/29	$4,045,000.00	$115,000.00	$98,906.25	$312,812.50	
05/01/30	$3,930,000.00	$0.00	$96,606.25	$0.00	
11/01/30	$3,930,000.00	$120,000.00	$96,606.25	$313,212.50	
05/01/31	$3,810,000.00	$0.00	$93,756.25	$0.00	
11/01/31	$3,810,000.00	$125,000.00	$93,756.25	$312,512.50	
05/01/32	$3,685,000.00	$0.00	$90,787.50	$0.00	
11/01/32	$3,685,000.00	$135,000.00	$90,787.50	$316,575.00	
05/01/33	$3,550,000.00	$0.00	$87,581.25	$0.00	
11/01/33	$3,550,000.00	$140,000.00	$87,581.25	$315,162.50	
05/01/34	$3,410,000.00	$0.00	$84,256.25	$0.00	
11/01/34	$3,410,000.00	$145,000.00	$84,256.25	$313,512.50	
05/01/35	$3,265,000.00	$0.00	$80,812.50	$0.00	
11/01/35	$3,265,000.00	$150,000.00	$80,812.50	$311,625.00	
05/01/36	$3,115,000.00	$0.00	$77,250.00	$0.00	
11/01/36	$3,115,000.00	$160,000.00	$77,250.00	$314,500.00	
05/01/37	$2,955,000.00	$0.00	$73,450.00	$0.00	
11/01/37	$2,955,000.00	$165,000.00	$73,450.00	$311,900.00	
05/01/38	$2,790,000.00	$0.00	$69,531.25	$0.00	
11/01/38	$2,790,000.00	$175,000.00	$69,531.25	$314,062.50	
05/01/39	$2,615,000.00	$0.00	$65,375.00	$0.00	
11/01/39	$2,615,000.00	$185,000.00	$65,375.00	$315,750.00	
05/01/40	$2,430,000.00	$0.00	$60,750.00	$0.00	
11/01/40	$2,430,000.00	$195,000.00	$60,750.00	$316,500.00	
05/01/41	$2,235,000.00	$0.00	$55,875.00	$0.00	
11/01/41	$2,235,000.00	$200,000.00	$55,875.00	$311,750.00	
05/01/42	$2,035,000.00	$0.00	$50,875.00	$0.00	
11/01/42	$2,035,000.00	$215,000.00	$50,875.00	$316,750.00	
05/01/43	$1,820,000.00	$0.00	$45,500.00	$0.00	
11/01/43	$1,820,000.00	$225,000.00	$45,500.00	$316,000.00	
05/01/44	$1,595,000.00	$0.00	$39,875.00	$0.00	
11/01/44	$1,595,000.00	$235,000.00	$39,875.00	$314,750.00	
05/01/45	$1,360,000.00	$0.00	$34,000.00	$0.00	
11/01/45	$1,360,000.00	$245,000.00	$34,000.00	$313,000.00	
05/01/46	$1,115,000.00	$0.00	$27,875.00	$0.00	
11/01/46	$1,115,000.00	$260,000.00	$27,875.00	$315,750.00	
05/01/47	$855,000.00	$0.00	$21,375.00	$0.00	
11/01/47	$855,000.00	$270,000.00	$21,375.00	$312,750.00	
05/01/48	$585,000.00	$0.00	$14,625.00	$0.00	
11/01/48	$585,000.00	$285,000.00	$14,625.00	$314,250.00	
05/01/49	$300,000.00	$0.00	$7,500.00	$0.00	
11/01/49	$300,000.00	$300,000.00	$7,500.00	$315,000.00	

$4,830,000.00	$4,167,900.00	$9,112,281.25