Eden Hills
Community Development District

Proposed Budget
FY2023

Table of Contents

1-2	General Fund	

3-7	

General Fund Narrative	

8	

Series 2020 Debt Service Fund	

9-10	

Series 2020 Amortization Schedule	

11	

Series 2022 Debt Service Fund	

12-13	

Series 2022 Amortization Schedule	

14	

Capital Reserve Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	2/28/22	7 Months	9/30/22	FY2023	

Revenues						
Assessments - Tax Roll	$	106,500	$	83,847	$	22,653	$	106,500	$	159,000	
Assessments - Direct Bill	$	-	$	-	$	-	$	-	$	299,999	
Developer Contributions	$	217,767	$	-	$	68,603	$	68,603	$	101,693	
Boundary Amendment Contributions	$	-	$	1,108	$	-	$	1,108	$	-	
Total Revenues	$	324,267	$	84,955	$	91,256	$	176,211	$	560,693	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	600	
$	7,000	
$	7,600	
$	12,000	
Engineering	$	20,000	$	765	$	11,667	$	12,432	$	20,000	
Attorney	$	30,000	$	4,804	$	25,196	$	30,000	$	30,000	
Annual Audit	$	7,250	$	-	$	2,875	$	2,875	$	7,250	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,000	
Arbitrage	$	900	$	-	$	450	$	450	$	1,350	
Dissemination	$	6,000	$	2,083	$	3,500	$	5,583	$	7,000	
Trustee Fees	$	7,100	$	3,367	$	3,733	$	7,100	$	10,650	
Management Fees	$	36,050	$	15,021	$	21,029	$	36,050	$	37,853	
Information Technology	$	1,800	$	750	$	1,050	$	1,800	$	1,800	
Website Technology	$	1,200	$	500	$	700	$	1,200	$	1,200	
Telephone	$	250	$	-	$	146	$	146	$	250	
Postage & Delivery	$	850	$	101	$	496	$	597	$	850	
Insurance	$	5,500	$	5,175	$	-	$	5,175	$	6,250	
Printing & Binding	$	1,000	$	11	$	583	$	594	$	1,000	
Legal Advertising	$	10,000	$	2,988	$	7,012	$	10,000	$	10,000	
Other Current Charges	$	2,800	$	191	$	1,633	$	1,824	$	2,800	
Boundary Amendment Expenses	$	-	$	1,108	$	-	$	1,108	$	-	
Office Supplies	$	500	$	6	$	292	$	298	$	500	
Travel Per Diem	$	550	$	-	$	321	$	321	$	550	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	148,925	$	42,645	$	87,683	$	130,328	$	156,478	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	2/28/22	7 Months	9/30/22	FY2023	
Operations & Maintenance
Field Expenditures
Property Insurance	

$	12,000	

$	521	

$	-	

$	521	

$	14,400	
Field Management	$	15,000	$	-	$	4,375	$	4,375	$	15,000	
Landscape Maintenance	$	40,500	$	3,400	$	13,384	$	16,784	$	70,000	
Landscape Replacement	$	7,500	$	-	$	4,375	$	4,375	$	7,500	
Streetlights	$	8,000	$	4,199	$	8,750	$	12,949	$	84,000	
Electric	$	20,000	$	475	$	280	$	755	$	6,000	
Water & Sewer	$	12,000	$	-	$	-	$	-	$	-	
Sidewalk & Asphalt Maintenance	$	500	$	-	$	292	$	292	$	2,000	
Irrigation Repairs	$	2,500	$	-	$	1,458	$	1,458	$	5,000	
General Repairs & Maintenance	$	5,000	$	-	$	2,917	$	2,917	$	7,500	
Contingency	$	2,500	$	-	$	1,458	$	1,458	$	7,500	
Subtotal Field Expenditures	$	125,500	$	8,595	$	37,289	$	45,884	$	218,900	

Amenity Expenditures
Amenity - Electric	

$	6,000	

$	-	

$	-	

$	-	

$	9,600	
Amenity - Water	$	1,458	$	-	$	-	$	-	$	2,333	
Playground & Equipment Lease	$	16,750	$	-	$	-	$	-	$	31,400	
Internet	$	1,250	$	-	$	-	$	-	$	2,000	
Pest Control	$	300	$	-	$	-	$	-	$	480	
Janitorial Service	$	2,000	$	-	$	-	$	-	$	4,333	
Security Services	$	3,125	$	-	$	-	$	-	$	25,000	
Amenity Access Management	$	-	$	-	$	-	$	-	$	3,333	
Pool Maintenance	$	4,792	$	-	$	-	$	-	$	12,000	
Amenity Repairs & Maintenance	$	2,083	$	-	$	-	$	-	$	5,000	
Contingency	$	2,083	$	-	$	-	$	-	$	10,000	
Subtotal Amenity Expenditures	$	39,842	$	-	$	-	$	-	$	105,480	
						
Total Operations & Maintenance	$	165,342	$	8,595	$	37,289	$	45,884	$	324,380	

Other Expenditures
Capital Reserves - Transfer	

$	10,000	

$	-	

$	-	

$	-	

$	79,835	
Total Other Expenditures	$	10,000	$	-	$	-	$	-	$	79,835	
						
Total Expenditures	$	324,267	$	51,239	$	124,972	$	176,211	$	560,693	
						
Excess Revenues/(Expenditures)	$	-	$	33,716	$	(33,716)	$	-	$	-	

Net Assessments	
$560,693	
Add: Discounts & Collections 7%	$42,203	
Gross Assessments	$602,895	

Product	ERU's	Assessable Units	ERU/Unit	Net Assessment  Net Per Unit		Gross Per Unit	
Phase 1 - Tax Roll	142.00	142	1.00	$106,499.81	$750.00	$806.45	
Phase 2A - Direct	400.00	400	1.00	$299,999.46	$750.00	$806.45	
Phase 2B - Tax Roll	70.00	70	1.00	$52,499.90	$750.00	$806.45	
Developer Contribution	135.59	553	0.25	$101,693.33			
Total ERU's	747.59	1165		$560,692.50			

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for operating expenditures during the fiscal year.

Developer Contributions

The District will enter into a Funding Agreement with the Developer to fund General Fund expenditures not covered by Assessments during the fiscal year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering

The District's engineer, Dewberry Engineer’s Inc., provides general engineering services to the District,
e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, KE Law Group, PLLC., provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The district is currently contracted with Berger, Toombs, Elam, Gaines & Frank for this service.

Assessment Administration

The District is contracted with Governmental Management Services – Central Florida, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2020 and 2022 bonds. This line item also includes costs for another anticipated bond series.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon the Series 2020 and 2022 bonds, as well as another anticipated bond series. Governmental Management Services – Central Florida, LLC completes these reporting requirements.

Trustee Fees

The District incurs trustee related costs payable to USBank for its’ issued bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services - Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc. Governmental Management Services – Central Florida, LLC provides these systems.

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. Governmental Management Services – Central Florida, LLC provides these services.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Printing & Binding

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

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 incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Travel Per Diem

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for
$175. This is the only expense under this category for the District.

Operations & Maintenance:

Field Expenses

Property Insurance

The District’s property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Field Management

Governmental Management Services – Central Florida, LLC provides onsite field management of contracts for the District such as landscape and lake maintenance. Services include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed. The District has contracted with Floralawn for these services.

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenses

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity facilities.

Playground Lease

The District will enter into a leasing agreement for playgrounds installed in the community.

Internet

Internet service will be added for use at the Amenity Center.

Pest Control

The District will incur costs for pest control treatments to its amenity facilities.

Janitorial Services

Represents estimated costs to provide janitorial services and supplies for the District’s amenity facilities.

Security Services

Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities as well as maintaining security systems in place.

Amenity Access Management

Represents the cost of managing access to the District’s amenity facilities.

Pool Maintenance

Represents estimated costs of regular cleaning and treatments of the District’s pool.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Expenses:

Capital Reserves - Transfer

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.

Proposed Budget
Series 2020 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	2/28/22	7 Months	9/30/22	FY2023	

Revenues						
Assessments - Tax Roll	$	172,075	$	135,565	$	36,510	$	172,075	$	172,075	
Interest Income	$	-	$	3	$	-	$	3	$	-	
Carry Forward Surplus	$	58,169	$	58,172	$	-	$	58,172	$	60,725	
Total Revenues	$	230,244	$	193,740	$	36,510	$	230,250	$	232,800	

Expenses						
Interest - 11/1	$	57,263	$	57,263	$	-	$	57,263	$	56,506	
Principal - 5/1	$	55,000	$	-	$	55,000	$	55,000	$	55,000	
Interest - 5/1	$	57,263	$	-	$	57,263	$	57,263	$	56,506	
Total Expenditures	$	169,525	$	57,263	$	112,263	$	169,525	$	168,013	
						
Excess Revenues/(Expenditures)	$	60,719	$	136,477	$	(75,753)	$	60,725	$	64,787	

Interest Expense 11/1/23
Total

$	55,750

$	55,750

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	142	$	172,075	$	1,212	$	1,303	
	142	$	172,075			

Series 2020 Special Assessment Bonds Amortization Schedule

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/22	$	2,895,000.00	$	-	$	56,506.25	$	168,768.75	
05/01/23	$	2,895,000.00	$	55,000.00	$	56,506.25	$	-	
11/01/23	$	2,840,000.00	$	-	$	55,750.00	$	167,256.25	
05/01/24	$	2,840,000.00	$	60,000.00	$	55,750.00	$	-	
11/01/24	$	2,780,000.00	$	-	$	54,925.00	$	170,675.00	
05/01/25	$	2,780,000.00	$	60,000.00	$	54,925.00	$	-	
11/01/25	$	2,720,000.00	$	-	$	54,100.00	$	169,025.00	
05/01/26	$	2,720,000.00	$	60,000.00	$	54,100.00	$	-	
11/01/26	$	2,660,000.00	$	-	$	53,125.00	$	167,225.00	
05/01/27	$	2,660,000.00	$	65,000.00	$	53,125.00	$	-	
11/01/27	$	2,595,000.00	$	-	$	52,068.75	$	170,193.75	
05/01/28	$	2,595,000.00	$	65,000.00	$	52,068.75	$	-	
11/01/28	$	2,530,000.00	$	-	$	51,012.50	$	168,081.25	
05/01/29	$	2,530,000.00	$	70,000.00	$	51,012.50	$	-	
11/01/29	$	2,460,000.00	$	-	$	49,875.00	$	170,887.50	
05/01/30	$	2,460,000.00	$	70,000.00	$	49,875.00	$	-	
11/01/30	$	2,390,000.00	$	-	$	48,737.50	$	168,612.50	
05/01/31	$	2,390,000.00	$	75,000.00	$	48,737.50	$	-	
11/01/31	$	2,315,000.00	$	-	$	47,237.50	$	170,975.00	
05/01/32	$	2,315,000.00	$	75,000.00	$	47,237.50	$	-	
11/01/32	$	2,240,000.00	$	-	$	45,737.50	$	167,975.00	
05/01/33	$	2,240,000.00	$	80,000.00	$	45,737.50	$	-	
11/01/33	$	2,160,000.00	$	-	$	44,137.50	$	169,875.00	
05/01/34	$	2,160,000.00	$	85,000.00	$	44,137.50	$	-	
11/01/34	$	2,075,000.00	$	-	$	42,437.50	$	171,575.00	
05/01/35	$	2,075,000.00	$	85,000.00	$	42,437.50	$	-	
11/01/35	$	1,990,000.00	$	-	$	40,737.50	$	168,175.00	
05/01/36	$	1,990,000.00	$	90,000.00	$	40,737.50	$	-	
11/01/36	$	1,900,000.00	$	-	$	38,937.50	$	169,675.00	
05/01/37	$	1,900,000.00	$	95,000.00	$	38,937.50	$	-	
11/01/37	$	1,805,000.00	$	-	$	37,037.50	$	170,975.00	
05/01/38	$	1,805,000.00	$	100,000.00	$	37,037.50	$	-	
11/01/38	$	1,705,000.00	$	-	$	35,037.50	$	172,075.00	
05/01/39	$	1,705,000.00	$	100,000.00	$	35,037.50	$	-	
11/01/39	$	1,605,000.00	$	-	$	33,037.50	$	168,075.00	
05/01/40	$	1,605,000.00	$	105,000.00	$	33,037.50	$	-	
11/01/40	$	1,500,000.00	$	-	$	30,937.50	$	168,975.00	
05/01/41	$	1,500,000.00	$	110,000.00	$	30,937.50	$	-	
11/01/41	$	1,390,000.00	$	-	$	28,668.75	$	169,606.25	
05/01/42	$	1,390,000.00	$	115,000.00	$	28,668.75	$	-	
11/01/42	$	1,275,000.00	$	-	$	26,296.88	$	169,965.63	
05/01/43	$	1,275,000.00	$	120,000.00	$	26,296.88	$	-	
11/01/43	$	1,155,000.00	$	-	$	23,821.88	$	170,118.75	
05/01/44	$	1,155,000.00	$	125,000.00	$	23,821.88	$	-	
11/01/44	$	1,030,000.00	$	-	$	21,243.75	$	170,065.63	

Series 2020 Special Assessment Bonds Amortization Schedule

DATE		BALANCE	PRINCIPAL	INTEREST		TOTAL	

05/01/45	
$	
1,030,000.00	
$	130,000.00	
$	21,243.75	
$	
-	
11/01/45	$	900,000.00	$	-	$	18,562.50	$	169,806.25	
05/01/46	$	900,000.00	$	135,000.00	$	18,562.50	$	-	
11/01/46	$	765,000.00	$	-	$	15,778.13	$	169,340.63	
05/01/47	$	765,000.00	$	140,000.00	$	15,778.13	$	-	
11/01/47	$	625,000.00	$	-	$	12,890.63	$	168,668.75	
05/01/48	$	625,000.00	$	145,000.00	$	12,890.63	$	-	
11/01/48	$	480,000.00	$	-	$	9,900.00	$	167,790.63	
05/01/49	$	480,000.00	$	155,000.00	$	9,900.00	$	-	
11/01/49	$	325,000.00	$	-	$	6,703.13	$	171,603.13	
05/01/50	$	325,000.00	$	160,000.00	$	6,703.13	$	-	
11/01/50	$	165,000.00	$	-	$	3,403.13	$	170,106.25	
05/01/51	$	165,000.00	$	165,000.00	$	3,403.13	$	168,403.13	
			$	2,895,000.00	$	2,077,287.50	$	5,084,550.00	

Proposed Budget
Series 2022 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	2/28/22	7 Months	9/30/22	FY2023	

Revenues		
Assessments	$	-	$	-	$	-	$	-	$	604,294	
Carry Forward Surplus	$	-	$	-	$	-	$	-	$	263,518	
Total Revenues	$	-	$	-	$	-	$	-	$	867,812	

Expenses		
Interest - 11/1	$	-	$	-	$	-	$	-	$	263,518	
Principal - 5/1	$	-	$	-	$	-	$	-	$	195,000	
Interest - 5/1	$	-	$	-	$	-	$	-	$	206,231	
Total Expenditures	$	-	$	-	$	-	$	-	$	664,749	

Other Financing Sources				
Bond Proceeds	$	-	$	-	$	867,811	$	867,811	$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	867,811	$	867,811	$	-	
				
Excess Revenues/(Expenditures)	$	-	$	-	$	867,811	$	867,811	$	203,063	

Interest Expense 11/1/23
Total

$	203,063

$	203,063

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family - Phase 2A-1	233	$	315,712	$	1,355	$	1,457	
Single Family - Phase 2A-2	167	$	201,506	$	1,207	$	1,297	
Single Family - Phase 2B	70	$	87,076	$	1,244	$	1,338	
	470	$	604,294			

11/01/22	$	10,465,000.00	$	
05/01/23	$	10,465,000.00	$	195	
11/01/23	$	10,270,000.00	$	
05/01/24	$	10,270,000.00	$	200	
11/01/24	$	10,070,000.00	$	
05/01/25	$	10,070,000.00	$	205	
11/01/25	$	9,435,000.00	$	

Series 2022 Special Assessment Bonds Amortization Schedule

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

-	$	263,517.71	$	263,517.71	
,000.00	$	206,231.25	$	-	
-	$	203,062.50	$	604,293.75	
,000.00	$	203,062.50	$	-	
-	$	199,812.50	$	602,875.00	
,000.00	$	199,812.50	$	-	
-	$	196,481.25	$	601,293.75	
05/01/26	$	9,435,000.00	$	210,000.00	$	196,481.25	$	-	
11/01/26	$	9,435,000.00	$	-	$	193,068.75	$	599,550.00	
05/01/27	$	9,435,000.00	$	220,000.00	$	193,068.75	$	-	
11/01/27	$	9,435,000.00	$	-	$	189,493.75	$	602,562.50	
05/01/28	$	9,435,000.00	$	225,000.00	$	189,493.75	$	-	
11/01/28	$	9,210,000.00	$	-	$	185,415.63	$	599,909.38	
05/01/29	$	9,210,000.00	$	235,000.00	$	185,415.63	$	-	
11/01/29	$	8,975,000.00	$	-	$	181,156.25	$	601,571.88	
05/01/30	$	8,975,000.00	$	245,000.00	$	181,156.25	$	-	
11/01/30	$	8,215,000.00	$	-	$	176,715.63	$	602,871.88	
05/01/31	$	8,215,000.00	$	255,000.00	$	176,715.63	$	-	
11/01/31	$	8,215,000.00	$	-	$	172,093.75	$	603,809.38	
05/01/32	$	8,215,000.00	$	260,000.00	$	172,093.75	$	-	
11/01/32	$	8,215,000.00	$	-	$	167,381.25	$	599,475.00	
05/01/33	$	8,215,000.00	$	275,000.00	$	167,381.25	$	-	
11/01/33	$	7,940,000.00	$	-	$	161,881.25	$	604,262.50	
05/01/34	$	7,940,000.00	$	285,000.00	$	161,881.25	$	-	
11/01/34	$	7,655,000.00	$	-	$	156,181.25	$	603,062.50	
05/01/35	$	7,655,000.00	$	295,000.00	$	156,181.25	$	-	
11/01/35	$	7,360,000.00	$	-	$	150,281.25	$	601,462.50	
05/01/36	$	7,360,000.00	$	305,000.00	$	150,281.25	$	-	
11/01/36	$	7,055,000.00	$	-	$	144,181.25	$	599,462.50	
05/01/37	$	7,055,000.00	$	320,000.00	$	144,181.25	$	-	
11/01/37	$	6,735,000.00	$	-	$	137,781.25	$	601,962.50	
05/01/38	$	6,735,000.00	$	335,000.00	$	137,781.25	$	-	
11/01/38	$	6,400,000.00	$	-	$	131,081.25	$	603,862.50	
05/01/39	$	6,400,000.00	$	345,000.00	$	131,081.25	$	-	
11/01/39	$	6,055,000.00	$	-	$	124,181.25	$	600,262.50	
05/01/40	$	6,055,000.00	$	360,000.00	$	124,181.25	$	-	
11/01/40	$	4,930,000.00	$	-	$	116,981.25	$	601,162.50	
05/01/41	$	4,930,000.00	$	375,000.00	$	116,981.25	$	-	
11/01/41	$	4,930,000.00	$	-	$	109,481.25	$	601,462.50	
05/01/42	$	4,930,000.00	$	390,000.00	$	109,481.25	$	-	
11/01/42	$	4,930,000.00	$	-	$	101,681.25	$	601,162.50	
05/01/43	$	4,930,000.00	$	405,000.00	$	101,681.25	$	-	
11/01/43	$	4,525,000.00	$	-	$	93,328.13	$	600,009.38	
05/01/44	$	4,525,000.00	$	425,000.00	$	93,328.13	$	-	
11/01/44	$	4,100,000.00	$	-	$	84,562.50	$	602,890.63	

Series 2022 Special Assessment Bonds Amortization Schedule

DATE		BALANCE	PRINCIPAL	INTEREST		TOTAL	

05/01/45	
$	
4,100,000.00	
$	440,000.00	
$	84,562.50	
$	
-	
11/01/45	$	3,660,000.00	$	-	$	75,487.50	$	600,050.00	
05/01/46	$	3,660,000.00	$	460,000.00	$	75,487.50	$	-	
11/01/46	$	3,200,000.00	$	-	$	66,000.00	$	601,487.50	
05/01/47	$	3,200,000.00	$	480,000.00	$	66,000.00	$	-	
11/01/47	$	2,720,000.00	$	-	$	56,100.00	$	602,100.00	
05/01/48	$	2,720,000.00	$	500,000.00	$	56,100.00	$	-	
11/01/48	$	2,220,000.00	$	-	$	45,787.50	$	601,887.50	
05/01/49	$	2,220,000.00	$	520,000.00	$	45,787.50	$	-	
11/01/49	$	1,700,000.00	$	-	$	35,062.50	$	600,850.00	
05/01/50	$	1,700,000.00	$	545,000.00	$	35,062.50	$	-	
11/01/50	$	1,155,000.00	$	-	$	23,821.88	$	603,884.38	
05/01/51	$	1,155,000.00	$	565,000.00	$	23,821.88	$	-	
11/01/51	$	590,000.00	$	-	$	12,168.75	$	600,990.63	
05/01/52	$	590,000.00	$	590,000.00	$	12,168.75	$	602,168.75	
			$	10,465,000.00	$	7,851,173.96	$	18,316,173.96	

Proposed Budget Capital Reserve Fund

Proposed Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2022	2/28/22	7 Months	9/30/22	FY2023	

Revenues

Interest Income	

$	-	

$	-	$	-	$	-	$	-	
Total Revenues	$	-	$	-	$	-	$	-	$	-	

Expenses

Capital Outlay	

$	-	

$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	$	-	

Other Financing Sources

Transfer In/(Out)	

$	10,000	

$	-	$	-	$	-	$	79,835	
Total Other Financing Sources (Uses)	$	10,000	$	-	$	-	$	-	$	79,835	
			
Excess Revenues/(Expenditures)	$	10,000	$	-	$	-	$	-	$	79,835