Tohoqua
Community Development District

Adopted Budget
FY2024

Table of Contents

1-3

4-11

12

13

14-15

16

17-18

19

20-21

22

23-24

25

	General Fund

	General Fund Narrative

	Capital Reserve Fund

	Debt Service Fund Series 2018

	Amortization Schedule Series 2018

	Debt Service Fund Series 2021 Phase 2

	Amortization Schedule Series 2021 Phase 2

	Debt Service Fund Series 2021 Phase 4A/5A

	Amortization Schedule Series 2021 Phase 4A/5A

	Debt Service Fund Series 2022 Phase 3A/6A

	Amortization Schedule Series 2022 Phase 3A/6A

	Debt Service Fund Series 2023 Phase 4B/5B

26-27 	Amortization Schedule Series 2023 Phase 4B/5B 

	Adopted Budget	Actual thru	Projected Next 3	Total thru	Adopted Budget	
Description	FY2023	6/30/23	Months	9/30/23	FY2024	

Revenues

Developer Contributions	$	115,016	$	-	$	-	$	-	$	301,982	
Assessments - Tax Collector	$	660,211	$	662,163	$	-	$	662,163	$	841,269	
Assessments - Direct	$	545,915	$	545,029	$	-	$	545,029	$	364,857	
Assessments - Direct (Administrative)	$	81,731	$	81,731	$	-	$	81,731	$	88,234	
Special Events Revenue	$	12,000	$	15,678	$	1,200	$	16,878	$	12,000	
Total Revenues	$ 1,414,873	$ 1,304,601	$	1,200	$ 1,305,801	$ 1,608,342	

Expenditures						
Administrative						
Supervisor Fees	$	12,000	$	3,000	$	1,800	$	4,800	$	12,000	
FICA Expense	$	918	$	230	$	138	$	367	$	918	
Engineering	$	12,000	$	5,187	$	2,000	$	7,187	$	12,000	
Attorney	$	25,000	$	24,248	$	10,500	$	34,748	$	25,000	
Annual Audit	$	7,600	$	5,600	$	-	$	5,600	$	6,700	
Assessment Administration	$	10,000	$	10,000	$	-	$	10,000	$	10,600	
Arbitrage	$	2,250	$	900	$	1,350	$	2,250	$	2,700	
Dissemination	$	15,000	$	11,458	$	4,374	$	15,832	$	17,500	
Trustee Fees	$	18,587	$	10,398	$	5,900	$	16,298	$	26,239	
Management Fees	$	40,000	$	30,000	$	10,000	$	40,000	$	42,400	
Information Technology	$	1,800	$	1,350	$	450	$	1,800	$	1,908	
Website Maintenance	$	1,200	$	900	$	300	$	1,200	$	1,272	
Telephone	$	300	$	-	$	75	$	75	$	300	
Postage	$	1,000	$	178	$	250	$	428	$	1,000	
Insurance	$	6,684	$	5,988	$	-	$	5,988	$	6,886	
Printing & Binding	$	3,000	$	2,492	$	750	$	3,242	$	3,000	
Legal Advertising	$	3,800	$	-	$	3,800	$	3,800	$	3,800	
Other Current Charges	$	2,500	$	369	$	126	$	495	$	2,000	
Property Appraiser Fees	$	-	$	497	$	-	$	497	$	500	
Office Supplies	$	625	$	5	$	15	$	20	$	625	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative:	$	164,439	$	112,976	$	41,828	$	154,803	$	177,523	

Operations & Maintenance						
Contract Services
Field Management	
$	21,630	
$	16,223	
$	5,408	
$	21,630	
$	22,928	
Amenities Management	$	125,000	$	93,750	$	31,250	$	125,000	$	132,500	
Landscape Maintenance	$	483,172	$	248,319	$	77,298	$	325,617	$	510,817	
Lake Maintenance	$	35,000	$	8,280	$	2,760	$	11,040	$	34,720	
Wetland Maintenance	$	12,100	$	3,400	$	5,200	$	8,600	$	12,100	
Wetland Mitigation Reporting	$	9,600	$	6,600	$	3,000	$	9,600	$	-	
Pool Maintenance	$	20,820	$	14,630	$	6,940	$	21,570	$	20,820	
Pest Control	$	780	$	585	$	195	$	780	$	780	
Janitorial Services	$	30,000	$	16,242	$	9,648	$	25,890	$	19,000	
Contract Services Subtotal:	$	738,102	$	408,028	$	141,699	$	549,727	$	753,665	

	Adopted Budget	Actual thru	Projected Next 3	Total thru	Adopted Budget	
Description	FY2023	6/30/23	Months	9/30/23	FY2024	

Repairs & Maintenance						
Landscape Replacement	$	25,000	$	40,883	$	20,240	$	61,123	$	30,000	
Mulch	$	-	$	-	$	-	$	-	$	50,000	
Tree Removal & Replacement	$	-	$	-	$	-	$	-	$	20,000	
Irrigation Repairs	$	3,000	$	4,206	$	-	$	4,206	$	5,000	
Stormwater Inspections	$	12,900	$	-	$	3,225	$	3,225	$	10,000	
General Repairs & Maintenance	$	10,000	$	1,228	$	2,500	$	3,728	$	10,000	
Sidewalk Maintenance	$	3,000	$	-	$	750	$	750	$	3,000	
Signage	$	1,500	$	-	$	375	$	375	$	1,500	
Walls & Monument Repair	$	1,500	$	-	$	375	$	375	$	1,500	
Pressure Washing	$	-	$	-	$	-	$	-	$	17,500	
Fencing	$	1,500	$	-	$	375	$	375	$	1,500	
Repairs & Maintenance Subtotal:	$	58,400	$	46,317	$	27,840	$	74,157	$	150,000	

Utilities						
Amenity Center - Electric	$	21,120	$	24,141	$	8,700	$	32,841	$	38,280	
Amenity Center - Water	$	9,240	$	9,639	$	4,500	$	14,139	$	18,480	
Electric	$	2,500	$	589	$	105	$	694	$	2,500	
Water & Sewer	$	70,000	$	62,850	$	27,600	$	90,450	$	95,000	
Streetlights	$	150,000	$	53,836	$	18,900	$	72,736	$	125,000	
Utilities Subtotal:	$	252,860	$	151,055	$	59,805	$	210,860	$	279,260	

Amenities						
Property Insurance	$	27,665	$	25,365	$	-	$	25,365	$	38,048	
Pool Attendants	$	12,500	$	3,840	$	5,760	$	9,600	$	15,000	
Facility Maintenance	$	53,000	$	39,750	$	13,250	$	53,000	$	56,180	
Pool Repairs & Maintenance	$	15,000	$	20,445	$	4,500	$	24,945	$	25,000	
Pool Permits	$	325	$	325	$	-	$	325	$	325	
Access Cards & Equipment Supplies	$	6,000	$	6,410	$	-	$	6,410	$	6,000	
Fire Alarm & Security Monitoring	$	420	$	280	$	140	$	420	$	420	
Fire Alarm & Security Monitoring Repairs	$	2,000	$	-	$	500	$	500	$	2,000	
Fire Extinguisher Inspections	$	100	$	95	$	-	$	95	$	100	
Amenity Signage	$	2,000	$	2,545	$	-	$	2,545	$	4,000	
Repairs & Maintenance	$	5,000	$	3,947	$	3,900	$	7,847	$	10,000	
Office Supplies	$	1,000	$	370	$	400	$	770	$	1,000	
Operating Supplies	$	5,000	$	4,574	$	900	$	5,474	$	5,000	
Doggie Pots	$	-	$	-	$	-	$	-	$	3,500	
Special Events	$	18,000	$	13,812	$	3,600	$	17,412	$	20,000	
Termite Bond	$	300	$	300	$	-	$	300	$	300	
Holiday Décor	$	12,500	$	5,195	$	7,305	$	12,500	$	25,000	
Amenities Subtotal:	$	160,810	$	127,252	$	40,255	$	167,507	$	211,873	
Other						
Contingency	$	25,000	$	56,529	$	-	$	56,529	$	25,000	
Capital Reserve	$	15,262	$	-	$	15,262	$	15,262	$	11,022	
Other Subtotal:	$	40,262	$	56,529	$	15,262	$	71,791	$	36,022	
											
Total Operations & Maintenance:	$	1,250,434	$	789,182	$	284,860	$	1,074,042	$	1,430,819	
											
Total Expenditures	$	1,414,873	$	902,158	$	326,688	$	1,228,846	$	1,608,342	
											
Excess Revenues/(Expenditures)	$	0	$	402,444	$	(325,488)	$	76,956	$	-	

General Fund - Assessments

Product

Assessable Units

Net Assessment

Gross Assessment

Net Per Unit

Gross Per Unit

Phase 1 - Mattamy - Tax Roll
Townhome	101	$	47,280	$	50,298	$468.12	$498.00	
Single-Family 40'	69	$	47,348	$	50,370	$686.20	$730.00	
Single-Family 45'	97	$	74,950	$	79,734	$772.68	$822.00	
Single-Family 55'	61	$	57,569	$	61,244	$943.76	$1,004.00	
Single-Family 70'	1	$	1,201	$	1,278	$1,201.32	$1,278.00	

Total Phase 1 - Mattamy	329	$	228,349	$  242,924

Phase 2 - Lennar - Tax Roll
Single-Family 32'	115	$	63,130	$	67,160	$548.96	$584.00	
Single-Family 50'	112	$	96,121	$  102,256	$858.22	$913.00	

Total Phase 2 - Lennar	227	$	159,251	$  169,416

Phase 3 - Lennar - Tax Roll
Townhome	61	$	28,555	$	30,378	$468.12	$498.00	
Single-Family 32'	46	$	25,252	$	26,864	$548.96	$584.00	
Single-Family 50'	48	$	41,195	$	43,824	$858.22	$913.00	

Total Phase 3 - Lennar	155	$	95,002	$  101,066

Phase 4A/5A - Pulte - Tax Roll
Multi-Family-Duplex	68	$	31,832	$	33,864	$468.12	$498.00	
Single-Family 32'	57	$	31,291	$	33,288	$548.96	$584.00	
Single-Family 40'	37	$	25,389	$	27,010	$686.20	$730.00	
Single-Family 50'	87	$	74,665	$	79,431	$858.22	$913.00	

Total Phase 4A/5A - Pulte	249	$	163,177	$  173,593

Phase 4B - Pulte - Tax Roll
Single-Family 32'	67	$	36,780	$	39,128	$548.96	$584.00	
Single-Family 40'	38	$	26,076	$	27,740	$686.20	$730.00	
Single-Family 50'	21	$	18,023	$	19,173	$858.22	$913.00	

Phase 5B- Pulte - Direct
Multi-Family-Duplex	

72	

$	33,705	

$	35,856	

$468.12	

$498.00	
Single-Family 50'	61	$	52,351	$	55,693	$858.22	$913.00	

Total Phase 5B - Pulte	133	$	86,056	$	91,549

Phase 6 - Lennar - Tax Roll

Total Phase 6 - Lennar	61	$	28,555	$	30,378	
	
Total Tax Roll	1280	$	841,269	$  894,967	

Townhome	61

$	28,555

$	30,378

$468.12	$498.00

Phase 4C - Pulte - Direct
Townhome	90	$	42,131	$	44,820	$468.12	$498.00	
Single-Family 32'	25	$	13,724	$	14,600	$548.96	$584.00	
Single-Family 40'	102	$	69,992	$	74,460	$686.20	$730.00	
Single-Family 50'	32	$	27,463	$	29,216	$858.22	$913.00	

Total Phase 4C - Pulte	249	$	153,310	$  163,096

Total Phase 7 - Lennar	334	$	211,547	$  225,050	
	
Total Direct	583	$	364,857	$  388,146	

Phase 7 - Lennar - Direct
Townhome	95	$	44,471	$	47,310	$468.12	$498.00	
Single-Family 32'	123	$	67,522	$	71,832	$548.96	$584.00	
Single-Family 50'	116	$	99,554	$  105,908	$858.22	$913.00	

Total Assessments	1863	$	1,206,126	$ 1,283,113

Revenues:

Developer Contributions

The District will enter into a Funding Agreement with the Developer to Fund the General Fund expenditures for the Fiscal Year.

Assessments

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

Special Events Revenue

Represents fees collected by the onsite management company related to various special events operated by the District.

Expenditures:

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.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisor checks.

Engineering

The District's engineer, Poulos & Bennett, LLC, 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, Latham, Luna, Eden & Beaudine, LLP, provides general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation for Board meetings, preparation and review of agreements, resolutions, and other research 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 Grau & Associates.

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 has contracted with AMTEC, an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2018, Series 2021 Phase 2 & Series 2021 Phase 4A/5A Special Assessment Revenue Bonds.

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. Governmental Management Services – Central Florida, LLC completes these reporting requirements.

Trustee Fees

The District issued the Series 2018, Series 2021 Phase 2 & Series 2021 Phase 4A/5A Special Assessment Revenue Bonds that are deposited with a Trustee at USBank.

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

Mailing of 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.

Property Appraiser Fees

Represents fees paid to the Osceola County Property Appraisers Office.

Office Supplies

Miscellaneous office supplies.

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:

Contract Services:

Field Management

The District is contracted with Governmental Management Services-Central Florida, LLC for 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.

Amenities Management

The District has contracted with Community Association and Lifestyle Management, LLC to provide amenity center management services, amenity operations services and programming services.

 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 is currently contracted with United Landscapes for these services.

Description	Monthly	Annually	
Cross Prairie Parkway	$3,668	$44,020	
2 Additional Ponds	$700	$8,400	
Phase 1 (excludes Cross Prairie Parkway)	$5,943	$71,320	
Amenity Center	$1,744	$20,925	
Amenity Center Pond	$1,167	$14,000	
East Cross Prairie Parkway	$3,885	$46,620	
Estimated West Cross Prairie Parkway	$1,505	$18,060	
Phase 2	$2,555	$30,660	
Estimated Phase 3	$2,901	$34,812	
Estimated Phase 4	$5,519	$66,228	
Estimated Phase 4C	$1,994	$23,928	
Estimated Phase 5	$1,060	$12,720	
Estimated Phase 6	$4,336	$52,032	
Estimated Phase 7	$5,591		$67,092 	
Total		$510,817	

Lake Maintenance

Represents the costs of aquatic management services for the District’s lakes. Services include monthly inspections and/or treatments needed to maintain control of noxious vegetation growth within the lakes. The District is currently contracted with Sunshine Land Management for these services.

Description	Monthly	Annually	
Phase 1, 2 & 3 Ponds	$480	$5,760	
Amenity Pond	$50	$600	
Estimated Phase 4 Ponds	$540	$6,480	
Estimated Phase 4C Ponds	$350	$4,200	
Estimated Phase 5 Ponds	$140	$1,680	
Estimated Phase 7 Ponds	$310	$3,720	
Estimated Cross Prairie Parkway East	$140	$1,680	
Dump Fees	$200	$2,400	
Water Analysis Testing	$100	$1,200	
Algae Control		$2,000	
Contingency			$5,000 	
Total		$34,720	

Wetland Maintenance

BioTech Consulting, Inc. provides maintenance services on the District’s wetlands. These services include quarterly maintenance consisting of herbicide treatments and water level monitoring.

Description	Quarterly	Annually	
Mitigation Maintenance	$1,600	$6,400	
Water Level Monitoring	$800	$3,200	
Estimated Project Coordination			$2,500 	
Total		$12,100	

Pool Maintenance

Represents the costs of regular cleaning of the District’s pool. This service is provided by Roberts Pool Service and Repair, Inc.

Description	Monthly	Annually	
Main Amenity Center Pool – 5x per week service
Total	$1,735		$20,820 
$20,820	

Pest Control

The District is contracted with Pro-Staff Termite & Pest Control, LLC for integrated pest management and rodent control.

Description	Monthly	Annually	
Pest Control
Total	$65		$780 
$780	

Janitorial Services

The District is contracted with Coverall Janitorial, Inc. to provide janitorial services for the amenity center.

Description	Monthly	Annually	
Janitorial Services	$1,049	$12,588	
Supplies			$6,412 	
Total		$19,000	

Repairs & Maintenance

Landscape Replacement

Represents estimated costs related to the replacement of any landscaping needed throughout the fiscal year.

Mulch

Represents the estimated cost of replacing mulch throughout the District.

Tree Removal & Replacement

Represents the estimated costs of removing or replacing trees throughout the year.

Irrigation Repairs

The District will incur costs related to repairing and maintaining its irrigation systems. The amount is based on estimated costs.

Stormwater Inspections

Represents the estimated costs of inspecting the District’s stormwater systems.

General Repairs & Maintenance

Represents estimated costs for the general repairs and maintenance of various facilities throughout the District.

Alleyway & Sidewalk Maintenance

The District will incur costs related to maintaining the alleyways and sidewalks within its boundaries. The amount is estimated.

Signage

Represents estimated costs to replace miscellaneous signs throughout the fiscal year.

Walls & Monuments Repair

Represents estimated costs of repairing walls and monuments maintained by the District.

Pressure Washing

Represents the estimated cost of pressure washing.

Fencing

Represents estimated costs for maintaining fences during the fiscal year.

Utilities:

Amenity Center - Electric

Represents estimated electric charges for the District’s pool.

Amenity Center – Water

Represents estimated water charges for the District’s pool.

Electric

Represents estimated electric charges of common areas throughout the District.

Water & Sewer

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

Amenities:

Property Insurance

The District will incur fees to insure items owned by the District for its property needs. Coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage for government agencies.

Pool Attendants

Represents the estimated cost of having pool attendants during certain times throughout the operating season for the pool.

Facility Maintenance

The District has contracted with Governmental Management Services – Central Florida, LLC to provide routine repairs and maintenance on the District’s common areas and amenities.

Pool Repairs & Maintenance

Estimated miscellaneous pool maintenance costs not included under the District’s regular pool agreement.

Pool Permits

Represents annual costs of required pool permits paid to the Florida Department of Health.

Access Cards & Equipment Supplies

Represents the estimated cost for providing and maintaining an access card system.

Fire Alarm & Security Monitoring

Represents estimated costs of maintaining fire alarm and security systems for the amenity facilities within the District.

Fire Alarm & Security Monitoring Repairs

Represents estimated costs of maintaining and repairing the fire alarm and security systems.

Fire Extinguisher Inspections

Represents the annual cost of inspecting the fire extinguishers.

Amenity Signage

Represents estimated costs to obtain amenity signage necessary throughout the fiscal year.

Repairs & Maintenance

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

Office Supplies

Represents the cost of daily office supplies required by the District to facilitate operations.

Operating Supplies

Represents estimated costs of supplies purchased for operating and maintaining common areas.

Doggie Pots

Represents the costs of purchasing doggie pots.

Special Events

The onsite management company for the District will coordinate and provide various special events throughout the year. The amount represents estimated costs related to supplies, notices and other items to run these events.

Termite Bond

The District will incur annual fees for the termite bonds of its amenity facilities.

Holiday Décor

The District will incur costs related to the decoration of common areas during the Holidays.

Other:

Contingency

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

Capital Reserve
The District will fund an annual amount for future cost related to replacement and repair of capital assets of the District. Upon completion, the District may have a Capital Reserve study prepared to ensure annually funding levels are sufficient.

Adopted Budget	Capital Reserve Fund Fiscal Year 2024

Actual thru	

Projected Next 3	

Total thru	

Adopted Budget	
Description	FY2023	6/30/23	Months	9/30/23	FY2024	

Revenues					
Transfer In	$	15,262	$	-	$	15,262	$	15,262	$	11,022	
Carry Forward Surplus	$	15,262	$	-	$	-	$	-	$	15,262	
Total Revenues	$	30,524	$	-	$	15,262	$	15,262	$	26,284	

Expenditures					
Capital Outlay	$	-	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	$	-	
					
Excess Revenues/(Expenditures)	$	30,524	$	-	$	15,262	$	15,262	$	26,284	

Debt Service Fund - Series 2018 Fiscal Year 2024

	Adopted Budget	Actual thru	Projected Next 3	Total thru	Adopted Budget	
Description	FY2023	6/30/23	Months	9/30/23	FY2024	

Revenues						
Special Assessments	$	137,458	$	137,861	$	-	$	137,861	$	137,458	
Interest	$	-	$	2,962	$	740	$	3,702	$	-	
Carry Forward Surplus	$	68,361	$	69,560	$	-	$	69,560	$	75,108	
Total Revenues	$	205,819	$	210,383	$	740	$	211,123	$	212,566	

Expenditures						
Interest Payment - 11/01	$	48,008	$	48,008	$	-	$	48,008	$	47,068	
Principal Payment - 05/01	$	40,000	$	40,000	$	-	$	40,000	$	45,000	
Interest Payment - 05/01	$	48,008	$	48,008	$	-	$	48,008	$	47,068	
Total Expenditures	$	136,015	$	136,015	$	-	$	136,015	$	139,135	
						
Excess Revenues/(Expenditures)	$	69,804	$	74,368	$	740	$	75,108	$	73,431	

1. Carry forward surplus is net of Reserves.

 Interest 11/1/24	$46,010	

Net Assessments	$137,458 Add: Discounts & Collection 		$8,774 
Gross Assessments 	$146,232 

Product Type	

No. of Units	
Annual Debt Service	Per Unit Net Debt
Assessment	Per Unit Gross Debt
Assessment	
Townhouse	101	$	28,482	$282.00	$300.00	
Single-Family 40'	69	$	28,509	$413.18	$439.55	
Single-Family 45'	97	$	45,089	$464.83	$494.50	
Single-Family 55'	61	$	34,655	$568.12	$604.38	
Single-Family 70'	1	$	723	$723.06	$769.21	
	329	$	137,458			

	Series	2018 Special Assessment Bonds Amortization Schedule		
Date		Balance	Principal	Interest	Total	
					
11/01/23	$	1,980,000.00	$	-	$	47,067.50	$	135,075.00	
05/01/24	$	1,980,000.00	$	45,000.00	$	47,067.50		
11/01/24	$	1,935,000.00	$	-	$	46,010.00	$	138,077.50	
05/01/25	$	1,935,000.00	$	45,000.00	$	46,010.00		
11/01/25	$	1,890,000.00	$	-	$	44,952.50	$	135,962.50	
05/01/26	$	1,890,000.00	$	45,000.00	$	44,952.50		
11/01/26	$	1,845,000.00	$	-	$	43,895.00	$	133,847.50	
05/01/27	$	1,845,000.00	$	50,000.00	$	43,895.00		
11/01/27	$	1,795,000.00	$	-	$	42,720.00	$	136,615.00	
05/01/28	$	1,795,000.00	$	50,000.00	$	42,720.00		
11/01/28	$	1,745,000.00	$	-	$	41,545.00	$	134,265.00	
05/01/29	$	1,745,000.00	$	55,000.00	$	41,545.00		
11/01/29	$	1,690,000.00	$	-	$	40,252.50	$	136,797.50	
05/01/30	$	1,690,000.00	$	55,000.00	$	40,252.50		
11/01/30	$	1,635,000.00	$	-	$	38,960.00	$	134,212.50	
05/01/31	$	1,635,000.00	$	60,000.00	$	38,960.00		
11/01/31	$	1,575,000.00	$	-	$	37,550.00	$	136,510.00	
05/01/32	$	1,575,000.00	$	60,000.00	$	37,550.00		
11/01/32	$	1,515,000.00	$	-	$	36,140.00	$	133,690.00	
05/01/33	$	1,515,000.00	$	65,000.00	$	36,140.00		
11/01/33	$	1,450,000.00	$	-	$	34,612.50	$	135,752.50	
05/01/34	$	1,450,000.00	$	70,000.00	$	34,612.50		
11/01/34	$	1,380,000.00	$	-	$	32,967.50	$	137,580.00	
05/01/35	$	1,380,000.00	$	70,000.00	$	32,967.50		
11/01/35	$	1,310,000.00	$	-	$	31,322.50	$	134,290.00	
05/01/36	$	1,310,000.00	$	75,000.00	$	31,322.50		
11/01/36	$	1,235,000.00	$	-	$	29,560.00	$	135,882.50	
05/01/37	$	1,235,000.00	$	80,000.00	$	29,560.00		
11/01/37	$	1,155,000.00	$	-	$	27,680.00	$	137,240.00	
05/01/38	$	1,155,000.00	$	80,000.00	$	27,680.00		
11/01/38	$	1,075,000.00	$	-	$	25,800.00	$	133,480.00	
05/01/39	$	1,075,000.00	$	85,000.00	$	25,800.00		
11/01/39	$	990,000.00	$	-	$	23,760.00	$	134,560.00	
05/01/40	$	990,000.00	$	90,000.00	$	23,760.00		
11/01/40	$	900,000.00	$	-	$	21,600.00	$	135,360.00	
05/01/41	$	900,000.00	$	95,000.00	$	21,600.00		
11/01/41	$	805,000.00	$	-	$	19,320.00	$	135,920.00	
05/01/42	$	805,000.00	$	100,000.00	$	19,320.00		
11/01/42	$	705,000.00	$	-	$	16,920.00	$	136,240.00	
05/01/43	$	705,000.00	$	105,000.00	$	16,920.00		
11/01/43	$	600,000.00	$	-	$	14,400.00	$	136,320.00	

	Series	2018 Special Assessment Amortization Schedule	Bonds		
Date		Balance	Principal	Interest	Total	

05/01/44	
$	
600,000.00	
$	110,000.00	
$	14,400.00		
11/01/44	$	490,000.00	$	-	$	11,760.00	$	136,160.00	
05/01/45	$	490,000.00	$	115,000.00	$	11,760.00		
11/01/45	$	375,000.00	$	-	$	9,000.00	$	135,760.00	
05/01/46	$	375,000.00	$	120,000.00	$	9,000.00		
11/01/46	$	255,000.00	$	-	$	6,120.00	$	135,120.00	
05/01/47	$	255,000.00	$	125,000.00	$	6,120.00		
11/01/47	$	130,000.00	$	-	$	3,120.00	$	134,240.00	
05/01/48	$	130,000.00	$	130,000.00	$	3,120.00	$	133,120.00	
			$	1,980,000.00	$	1,454,070.00	$	3,522,077.50	

Debt Service Fund - Series 2021 Phase 2 Fiscal Year 2024

	Adopted Budget	Actual thru	Projected Next 3	Total thru	Adopted Budget	
Description	FY2023	6/30/23	Months	9/30/23	FY2024	

Revenues						
Special Assessments	$	144,764	$	145,193	$	-	$	145,193	$	144,764	
Interest	$	-	$	2,689	$	896	$	3,586	$	-	
Carry Forward Surplus	$	45,296	$	46,540	$	-	$	46,540	$	51,582	
Total Revenues	$	190,060	$	194,423	$	896	$	195,319	$	196,346	

Expenditures						
Interest Payment - 11/01	$	44,369	$	44,369	$	-	$	44,369	$	43,716	
Principal Payment - 05/01	$	55,000	$	55,000	$	-	$	55,000	$	55,000	
Interest Payment - 05/01	$	44,369	$	44,369	$	-	$	44,369	$	43,716	
Total Expenditures	$	143,738	$	143,738	$	-	$	143,738	$	142,431	
						
Excess Revenues/(Expenditures)	$	46,322	$	50,685	$	896	$	51,582	$	53,915	

1. Carry forward surplus is net of Reserves.

  Interest 11/1/24	$43,063	

Net Assessments	$144,764 Add: Discounts & Collection 		$9,240 
Gross Assessments 	$154,004 

Product Type	No. of Units	
Annual Debt Service	Per Unit
Net Debt Assessment	Per Unit
Gross Debt Assessment	
Single-Family 32'	115	$	57,944	$503.87	$536.03	
Single-Family 50'	112	$	86,820	$775.18	$824.66	
	227	$	144,764			

Series 2021 Special Assessment Bonds Phase 2 Project Amortization Schedule

Date	Balance	Principal	Interest	Total

11/01/23	$	2,470,000.00	$	-	$	43,715.63	$	143,084.38	
05/01/24	$	2,470,000.00	$	55,000.00	$	43,715.63		
11/01/24	$	2,415,000.00	$	-	$	43,062.50	$	141,778.13	
05/01/25	$	2,415,000.00	$	55,000.00	$	43,062.50		
11/01/25	$	2,300,000.00	$	-	$	42,409.38	$	140,471.88	
05/01/26	$	2,300,000.00	$	60,000.00	$	42,409.38		
11/01/26	$	2,300,000.00	$	-	$	41,696.88	$	144,106.25	
05/01/27	$	2,300,000.00	$	60,000.00	$	41,696.88		
11/01/27	$	2,240,000.00	$	-	$	40,834.38	$	142,531.25	
05/01/28	$	2,240,000.00	$	60,000.00	$	40,834.38		
11/01/28	$	2,180,000.00	$	-	$	39,971.88	$	140,806.25	
05/01/29	$	2,180,000.00	$	65,000.00	$	39,971.88		
11/01/29	$	2,115,000.00	$	-	$	39,037.50	$	144,009.38	
05/01/30	$	2,115,000.00	$	65,000.00	$	39,037.50		
11/01/30	$	2,050,000.00	$	-	$	38,103.13	$	142,140.63	
05/01/31	$	2,050,000.00	$	65,000.00	$	38,103.13		
11/01/31	$	1,985,000.00	$	-	$	37,168.75	$	140,271.88	
05/01/32	$	1,985,000.00	$	70,000.00	$	37,168.75		
11/01/32	$	1,915,000.00	$	-	$	35,987.50	$	143,156.25	
05/01/33	$	1,915,000.00	$	70,000.00	$	35,987.50		
11/01/33	$	1,845,000.00	$	-	$	34,806.25	$	140,793.75	
05/01/34	$	1,845,000.00	$	75,000.00	$	34,806.25		
11/01/34	$	1,770,000.00	$	-	$	33,540.63	$	143,346.88	
05/01/35	$	1,770,000.00	$	75,000.00	$	33,540.63		
11/01/35	$	1,695,000.00	$	-	$	32,275.00	$	140,815.63	
05/01/36	$	1,695,000.00	$	80,000.00	$	32,275.00		
11/01/36	$	1,615,000.00	$	-	$	30,925.00	$	143,200.00	
05/01/37	$	1,615,000.00	$	80,000.00	$	30,925.00		
11/01/37	$	1,535,000.00	$	-	$	29,575.00	$	140,500.00	
05/01/38	$	1,535,000.00	$	85,000.00	$	29,575.00		
11/01/38	$	1,450,000.00	$	-	$	28,140.63	$	142,715.63	
05/01/39	$	1,450,000.00	$	90,000.00	$	28,140.63		
11/01/39	$	1,360,000.00	$	-	$	26,621.88	$	144,762.50	
05/01/40	$	1,360,000.00	$	90,000.00	$	26,621.88		
11/01/40	$	1,175,000.00	$	-	$	25,103.13	$	141,725.00	
05/01/41	$	1,175,000.00	$	95,000.00	$	25,103.13		
11/01/41	$	1,175,000.00	$	-	$	23,500.00	$	143,603.13	
05/01/42	$	1,175,000.00	$	95,000.00	$	23,500.00		
11/01/42	$	1,080,000.00	$	-	$	21,600.00	$	140,100.00	
05/01/43	$	1,080,000.00	$	100,000.00	$	21,600.00		
11/01/43	$	980,000.00	$	-	$	19,600.00	$	141,200.00	

Series 2021 Special Assessment Bonds Phase 2 Project Amortization Schedule

Date		Balance	Principal	Interest	Total	

05/01/44	
$	
980,000.00	
$	105,000.00	
$	19,600.00		
11/01/44	$	875,000.00	$	-	$	17,500.00	$	142,100.00	
05/01/45	$	875,000.00	$	110,000.00	$	17,500.00		
11/01/45	$	765,000.00	$	-	$	15,300.00	$	142,800.00	
05/01/46	$	765,000.00	$	115,000.00	$	15,300.00		
11/01/46	$	650,000.00	$	-	$	13,000.00	$	143,300.00	
05/01/47	$	650,000.00	$	120,000.00	$	13,000.00		
11/01/47	$	530,000.00	$	-	$	10,600.00	$	143,600.00	
05/01/48	$	530,000.00	$	125,000.00	$	10,600.00	$	-	
11/01/48	$	405,000.00	$	-	$	8,100.00	$	143,700.00	
05/01/49	$	405,000.00	$	130,000.00	$	8,100.00	$	-	
11/01/49	$	275,000.00	$	-	$	5,500.00	$	143,600.00	
05/01/50	$	275,000.00	$	135,000.00	$	5,500.00	$	-	
11/1/50	$	140,000.00	$	-	$	2,800.00	$	143,300.00	
5/1/51	$	140,000.00	$	140,000.00	$	2,800.00	$	142,800.00	
			$	2,470,000.00	$	1,560,950.00	$	4,130,318.75	

Debt Service Fund - Series 2021 Phase 4A/5A Fiscal Year 2024

	Adopted Budget	Actual thru	Projected Next 3	Total thru	Adopted Budget	
Description	FY2023	6/30/23	Months	9/30/23	FY2024	

Revenues						
Special Assessments	$	150,700	$	151,146	$	-	$	151,146	$	150,700	
Interest	$	-	$	2,781	$	927	$	3,708	$	-	
Carry Forward Surplus	$	47,678	$	47,740	$	-	$	47,740	$	52,910	
Total Revenues	$	198,378	$	201,668	$	927	$	202,595	$	203,610	

Expenditures						
Interest Payment - 11/01	$	47,343	$	47,343	$	-	$	47,343	$	46,655	
Principal Payment - 05/01	$	55,000	$	55,000	$	-	$	55,000	$	55,000	
Interest Payment - 05/01	$	47,343	$	47,343	$	-	$	47,343	$	46,655	
Total Expenditures	$	149,685	$	149,685	$	-	$	149,685	$	148,310	
						
Excess Revenues/(Expenditures)	$	48,693	$	51,983	$	927	$	52,910	$	55,300	

1. Carry forward surplus is net of Reserves.

  Interest 11/1/24	$45,968	

Net Assessments	$150,700 Add: Discounts & Collection 		$9,619 
Gross Assessments 	$160,319 

Product Type	

No. of Units	
Annual Debt Service	Per Unit Net Debt
Assessment	Per Unit Gross Debt
Assessment	
Multi-Family-Duplex 33'	68	$	31,620	$465.01	$494.69	
Single-Family 32'	57	$	28,714	$503.76	$535.91	
Single-Family 40'	37	$	22,940	$620.01	$659.58	
Single-Family 50'	87	$	67,426	$775.01	$824.48	
	249	$	150,700			

Series 2021 Special Assessment Bonds Phase 4A/5A Project Amortization Schedule

Date	Balance	Principal	Interest	Total

11/01/23	$	2,550,000.00	$	
05/01/24	$	2,550,000.00	$	55	
11/01/24	$	2,495,000.00	$	
05/01/25	$	2,495,000.00	$	55	
11/01/25	$	2,380,000.00	$	
05/01/26	$	2,380,000.00	$	60	
11/01/26	$	2,380,000.00	$	
05/01/27	$	2,380,000.00	$	60	
11/01/27	$	2,320,000.00	$	
05/01/28	$	2,320,000.00	$	60	
11/01/28	$	2,260,000.00	$	
05/01/29	$	2,260,000.00	$	65	
11/01/29	$	2,195,000.00	$	
05/01/30	$	2,195,000.00	$	65	
11/01/30	$	2,130,000.00	$	
05/01/31	$	2,130,000.00	$	70	
11/01/31	$	2,060,000.00	$	
05/01/32	$	2,060,000.00	$	70	
11/01/32	$	1,990,000.00	$	
05/01/33	$	1,990,000.00	$	75	
11/01/33	$	1,915,000.00	$	
05/01/34	$	1,915,000.00	$	75	
11/01/34	$	1,840,000.00	$	
05/01/35	$	1,840,000.00	$	80	
11/01/35	$	1,760,000.00	$	
05/01/36	$	1,760,000.00	$	80	
11/01/36	$	1,680,000.00	$	
05/01/37	$	1,680,000.00	$	85	
11/01/37	$	1,595,000.00	$	
05/01/38	$	1,595,000.00	$	90	
11/01/38	$	1,505,000.00	$	
05/01/39	$	1,505,000.00	$	90	
11/01/39	$	1,415,000.00	$	
05/01/40	$	1,415,000.00	$	95	
11/01/40	$	1,320,000.00	$	
05/01/41	$	1,320,000.00	$	95	
11/01/41	$	1,225,000.00	$	
05/01/42	$	1,225,000.00	$	100	
11/01/42	$	1,125,000.00	$	
05/01/43	$	1,125,000.00	$	105	
11/01/43	$	1,020,000.00	$	
05/01/44	$	1,020,000.00	$	110	
11/01/44	$	910,000.00	$	
05/01/45	$	910,000.00	$	115	
11/01/45	$	795,000.00	$	
05/01/46	$	795,000.00	$	120	
11/01/46	$	675,000.00	$	

$	46,655.00	$	148,997.50	
$	46,655.00		
$	45,967.50	$	147,622.50	
$	45,967.50		
$	45,280.00	$	146,247.50	
$	45,280.00		
$	44,530.00	$	149,810.00	
$	44,530.00		
$	43,592.50	$	148,122.50	
$	43,592.50		
$	42,655.00	$	146,247.50	
$	42,655.00		
$	41,639.38	$	149,294.38	
$	41,639.38		
$	40,623.75	$	147,263.13	
$	40,623.75		
$	39,530.00	$	150,153.75	
$	39,530.00		
$	38,270.00	$	147,800.00	
$	38,270.00		
$	36,920.00	$	150,190.00	
$	36,920.00		
$	35,570.00	$	147,490.00	
$	35,570.00		
$	34,130.00	$	149,700.00	
$	34,130.00		
$	32,690.00	$	146,820.00	
$	32,690.00		
$	31,160.00	$	148,850.00	
$	31,160.00		
$	29,540.00	$	150,700.00	
$	29,540.00		
$	27,920.00	$	147,460.00	
$	27,920.00		
$	26,210.00	$	149,130.00	
$	26,210.00		
$	24,500.00	$	145,710.00	
$	24,500.00		
$	22,500.00	$	147,000.00	
$	22,500.00		
$	20,400.00	$	147,900.00	
$	20,400.00		
$	18,200.00	$	148,600.00	
$	18,200.00		
$	15,900.00	$	149,100.00	
$	15,900.00		
$	13,500.00	$	149,400.00	

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-

Series 2021 Special Assessment Bonds Phase 4A/5A Project Amortization Schedule

Date		Balance	Principal	Interest	Total	

05/01/47	
$	
675,000.00	
$	125,000.00	
$	13,500.00		
11/01/47	$	550,000.00	$	-	$	11,000.00	$	149,500.00	
05/01/48	$	550,000.00	$	130,000.00	$	11,000.00		
11/01/48	$	420,000.00	$	-	$	8,400.00	$	149,400.00	
05/01/49	$	420,000.00	$	135,000.00	$	8,400.00		
11/01/49	$	285,000.00	$	-	$	5,700.00	$	149,100.00	
05/01/50	$	285,000.00	$	140,000.00	$	5,700.00		
11/01/50	$	145,000.00	$	-	$	2,900.00	$	148,600.00	
05/01/51	$	145,000.00	$	145,000.00	$	2,900.00	$	147,900.00	
			$	2,550,000.00	$	1,651,766.25	$	4,304,108.75	

Debt Service Fund - Series 2022 Phase 3A/6A Fiscal Year 2024

	Adopted Budget	Actual thru	Projected Next 3	Total thru	Adopted Budget	
Description	FY2023	6/30/23	Months	9/30/23	FY2024	

Revenues

Special Assessments Interest
Carry Forward Surplus

$	-
$	4,156
$	-

$	-
$	2,896
$	-

$	-
$	1,260
$	-

$	-
$	4,156
$	-

$	150,950
$	-
$	63,823

Total Revenues	$	4,156	$	2,896	$	1,260	$	4,156	$	214,773

Expenditures

Interest Payment - 11/01 Principal Payment - 05/01 Interest Payment - 05/01

$	-
$	-
$	59,200

$	-	$	-
$	-	$	-
$	59,200	$	-

$	-
$	-
$	59,200

$	60,204
$	30,000
$	60,204

Total Expenditures	$	59,200	$	59,200	$	-	$	59,200	$	150,408

Other Financing Sources/(Uses)
Bond Proceeds

$	194,879

$	194,879	$	-

$	194,879	$	-

Excess Revenues/(Expenditures)	$	139,835	$	138,575	$	1,260	$	139,835	$	64,365

Total Other Financing Sources/(Uses)	$	194,879	$	194,879	$	-	$	194,879	$	-

1. Carry forward surplus is net of Reserves.

  Interest 11/1/24	$59,454	

Net Assessments	$150,950 Add: Discounts & Collection 		$9,635 
Gross Assessments 	$160,585 

Product Type	

No. of Units	
Annual Debt Service	Per Unit Net Debt
Assessment	Per Unit Gross Debt
Assessment	
Townhome	122	$	47,318	$387.85	$412.61	
Single-Family 32'	46	$	39,397	$856.46	$911.12	
Single-Family 50'	48	$	64,235	$1,338.23	$1,423.65	
	216	$	150,950			

Series 2022 Special Assessment Bonds (Phase 3/6) Amortization Schedule

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/23	$	2,120,000.00	$	
05/01/24	$	2,120,000.00	$	30	
11/01/24	$	2,090,000.00	$	
05/01/25	$	2,090,000.00	$	30	
11/01/25	$	2,060,000.00	$	
05/01/26	$	2,060,000.00	$	30	
11/01/26	$	2,030,000.00	$	
05/01/27	$	2,030,000.00	$	35	
11/01/27	$	1,995,000.00	$	
05/01/28	$	1,995,000.00	$	35	
11/01/28	$	1,960,000.00	$	
05/01/29	$	1,960,000.00	$	35	
11/01/29	$	1,925,000.00	$	
05/01/30	$	1,925,000.00	$	40	
11/01/30	$	1,800,000.00	$	
05/01/31	$	1,800,000.00	$	40	
11/01/31	$	1,800,000.00	$	
05/01/32	$	1,800,000.00	$	45	
11/01/32	$	1,800,000.00	$	
05/01/33	$	1,800,000.00	$	45	
11/01/33	$	1,755,000.00	$	
05/01/34	$	1,755,000.00	$	50	
11/01/34	$	1,705,000.00	$	
05/01/35	$	1,705,000.00	$	50	
11/01/35	$	1,655,000.00	$	
05/01/36	$	1,655,000.00	$	55	
11/01/36	$	1,600,000.00	$	
05/01/37	$	1,600,000.00	$	55	
11/01/37	$	1,545,000.00	$	
05/01/38	$	1,545,000.00	$	60	
11/01/38	$	1,485,000.00	$	
05/01/39	$	1,485,000.00	$	65	
11/01/39	$	1,420,000.00	$	
05/01/40	$	1,420,000.00	$	70	
11/01/40	$	1,205,000.00	$	
05/01/41	$	1,205,000.00	$	70	
11/01/41	$	1,205,000.00	$	
05/01/42	$	1,205,000.00	$	75	
11/01/42	$	1,205,000.00	$	
05/01/43	$	1,205,000.00	$	80	
11/01/43	$	1,125,000.00	$	
05/01/44	$	1,125,000.00	$	85	
11/01/44	$	1,040,000.00	$	
05/01/45	$	1,040,000.00	$	90	
11/01/45	$	950,000.00	$	
05/01/46	$	950,000.00	$	95	
11/01/46	$	855,000.00	$	
05/01/47	$	855,000.00	$	100	
11/01/47	$	755,000.00	$	
05/01/48	$	755,000.00	$	110	

$	60,203.75	$	119,404.10	
$	60,203.75	$	-	
$	59,453.75	$	149,657.50	
$	59,453.75	$	-	
$	58,703.75	$	148,157.50	
$	58,703.75	$	-	
$	57,953.75	$	146,657.50	
$	57,953.75	$	-	
$	57,078.75	$	150,032.50	
$	57,078.75	$	-	
$	56,203.75	$	148,282.50	
$	56,203.75	$	-	
$	55,328.75	$	146,532.50	
$	55,328.75	$	-	
$	54,328.75	$	149,657.50	
$	54,328.75	$	-	
$	53,328.75	$	147,657.50	
$	53,328.75	$	-	
$	52,203.75	$	150,532.50	
$	52,203.75	$	-	
$	50,921.25	$	148,125.00	
$	50,921.25	$	-	
$	49,496.25	$	150,417.50	
$	49,496.25	$	-	
$	48,071.25	$	147,567.50	
$	48,071.25	$	-	
$	46,503.75	$	149,575.00	
$	46,503.75	$	-	
$	44,936.25	$	146,440.00	
$	44,936.25	$	-	
$	43,226.25	$	148,162.50	
$	43,226.25	$	-	
$	41,373.75	$	149,600.00	
$	41,373.75	$	-	
$	39,378.75	$	150,752.50	
$	39,378.75	$	-	
$	37,383.75	$	146,762.50	
$	37,383.75	$	-	
$	35,246.25	$	147,630.00	
$	35,246.25	$	-	
$	32,906.25	$	148,152.50	
$	32,906.25	$	-	
$	30,420.00	$	148,326.25	
$	30,420.00	$	-	
$	27,787.50	$	148,207.50	
$	27,787.50	$	-	
$	25,008.75	$	147,796.25	
$	25,008.75	$	-	
$	22,083.75	$	147,092.50	
$	22,083.75	$	-	

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

Series 2022 Special Assessment Bonds (Phase 3/6) Amortization Schedule

DATE		BALANCE	PRINCIPAL	INTEREST	TOTAL	

11/01/48	
$	
645,000.00	
$	-	
$	18,866.25	
$	150,950.00	
05/01/49	$	645,000.00	$	115,000.00	$	18,866.25	$	-	
11/01/49	$	530,000.00	$	-	$	15,502.50	$	149,368.75	
05/01/50	$	530,000.00	$	120,000.00	$	15,502.50	$	-	
11/01/50	$	410,000.00	$	-	$	11,992.50	$	147,495.00	
05/01/51	$	410,000.00	$	130,000.00	$	11,992.50	$	-	
11/01/51	$	280,000.00	$	-	$	8,190.00	$	150,182.50	
05/01/52	$	280,000.00	$	135,000.00	$	8,190.00	$	-	
11/01/52	$	145,000.00	$	-	$	4,241.25	$	147,431.25	
05/01/53	$	145,000.00	$	145,000.00	$	4,241.25	$	149,241.25	
			$	2,120,000.00	$	2,396,647.50	$	4,575,847.85	

Debt Service Fund - Series 2023 Phase 4B/5B Fiscal Year 2024

	Adopted Budget	Actual thru	Projected Next 3	Total thru	Adopted Budget	
Description	FY2023	6/30/23	Months	9/30/23	FY2024	

Revenues						
Special Assessments	$	-	$	-	$	-	$	-	$	154,199	
Interest	$	2,417	$	1,127	$	1,290	$	2,417	$	2,417	
Carry Forward Surplus	$	-	$	-	$	-	$	-	$	62,052	
Total Revenues	$	2,417	$	1,127	$	1,290	$	2,417	$	218,669	

Expenditures						
Interest Payment - 11/01	$	-	$	-	$	-	$	-	$	60,228	
Principal Payment - 05/01	$	-	$	-	$	-	$	-	$	30,000	
Interest Payment - 05/01	$	15,391	$	15,391	$	-	$	15,391	$	60,228	
Total Expenditures	$	15,391	$	15,391	$	-	$	15,391	$	150,455	

Other Financing Sources/(Uses)						

Bond Proceeds

$	152,719

$	152,719	$	-

$	152,719	$	-

Transfer In/(Out)	$	-	$	(593)	$	-	$	(593)	$	-	
Total Other Financing Sources/(Uses)	$	152,719	$	152,126	$	-	$	152,126	$	-	
						
Excess Revenues/(Expenditures)	$	139,745	$	137,862	$	1,290	$	139,152	$	68,214	

1. Carry forward surplus is net of Reserves.

  Interest 11/1/24	$59,553	

Net Assessments	$154,199 Add: Discounts & Collection 		$9,842 
Gross Assessments 	$164,041 

Product Type	

No. of Units	
Annual Debt Service	Per Unit Net Debt
Assessment	Per Unit Gross Debt
Assessment	
Multi-Family-Duplex 33'	72	$	33,449	$464.57	$494.22	
Single-Family 32'	67	$	33,720	$503.28	$535.41	
Single-Family 40'	38	$	23,538	$619.42	$658.96	
Single-Family 50'	82	$	63,492	$774.29	$823.72	
	259	$	154,199			

Series 2023 Special Assessment Bonds Phase 4B/5B Project Amortization Schedule

Date	Balance	Principal	Interest	Total

11/01/23	$	2,230,000.00	$	
05/01/24	$	2,230,000.00	$	30	
11/01/24	$	2,200,000.00	$	
05/01/25	$	2,200,000.00	$	35	
11/01/25	$	2,165,000.00	$	
05/01/26	$	2,165,000.00	$	35	
11/01/26	$	2,130,000.00	$	
05/01/27	$	2,130,000.00	$	35	
11/01/27	$	2,095,000.00	$	
05/01/28	$	2,095,000.00	$	40	
11/01/28	$	2,055,000.00	$	
05/01/29	$	2,055,000.00	$	40	
11/01/29	$	2,015,000.00	$	
05/01/30	$	2,015,000.00	$	40	
11/01/30	$	1,975,000.00	$	
05/01/31	$	1,975,000.00	$	45	
11/01/31	$	1,930,000.00	$	
05/01/32	$	1,930,000.00	$	45	
11/01/32	$	1,885,000.00	$	
05/01/33	$	1,885,000.00	$	50	
11/01/33	$	1,835,000.00	$	
05/01/34	$	1,835,000.00	$	50	
11/01/34	$	1,785,000.00	$	
05/01/35	$	1,785,000.00	$	55	
11/01/35	$	1,730,000.00	$	
05/01/36	$	1,730,000.00	$	60	
11/01/36	$	1,670,000.00	$	
05/01/37	$	1,670,000.00	$	60	
11/01/37	$	1,610,000.00	$	
05/01/38	$	1,610,000.00	$	65	
11/01/38	$	1,545,000.00	$	
05/01/39	$	1,545,000.00	$	70	
11/01/39	$	1,475,000.00	$	
05/01/40	$	1,475,000.00	$	70	
11/01/40	$	1,405,000.00	$	
05/01/41	$	1,405,000.00	$	75	
11/01/41	$	1,250,000.00	$	
05/01/42	$	1,165,000.00	$	80	
11/01/42	$	1,165,000.00	$	
05/01/43	$	1,165,000.00	$	85	
11/01/43	$	1,165,000.00	$	
05/01/44	$	1,165,000.00	$	90	
11/01/44	$	1,075,000.00	$	
05/01/45	$	1,075,000.00	$	95	
11/01/45	$	980,000.00	$	
05/01/46	$	980,000.00	$	100	

$	60,227.50	$	75,618.97	
$	60,227.50		
$	59,552.50	$	149,780.00	
$	59,552.50		
$	58,765.00	$	153,317.50	
$	58,765.00		
$	57,977.50	$	151,742.50	
$	57,977.50		
$	57,190.00	$	150,167.50	
$	57,190.00		
$	56,290.00	$	153,480.00	
$	56,290.00		
$	55,390.00	$	151,680.00	
$	55,390.00		
$	54,490.00	$	149,880.00	
$	54,490.00		
$	53,275.00	$	152,765.00	
$	53,275.00		
$	52,060.00	$	150,335.00	
$	52,060.00		
$	50,710.00	$	152,770.00	
$	50,710.00		
$	49,360.00	$	150,070.00	
$	49,360.00		
$	47,875.00	$	152,235.00	
$	47,875.00		
$	46,255.00	$	154,130.00	
$	46,255.00		
$	44,635.00	$	150,890.00	
$	44,635.00		
$	42,880.00	$	152,515.00	
$	42,880.00		
$	40,990.00	$	153,870.00	
$	40,990.00		
$	39,100.00	$	150,090.00	
$	39,100.00		
$	37,075.00	$	151,175.00	
$	37,075.00		
$	34,915.00	$	151,990.00	
$	34,915.00		
$	32,620.00	$	152,535.00	
$	32,620.00		
$	30,100.00	$	152,720.00	
$	30,100.00		
$	27,440.00	$	152,540.00	
$	27,440.00		

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

Series 2023 Special Assessment Bonds Phase 4B/5B Project Amortization Schedule

Date	Balance	Principal	Interest	Total

11/01/46	$	880,000.00	$	-	$	24,640.00	$	152,080.00	
05/01/47	$	880,000.00	$	105,000.00	$	24,640.00		
11/01/47	$	775,000.00	$	-	$	21,700.00	$	151,340.00	
05/01/48	$	775,000.00	$	110,000.00	$	21,700.00		
11/01/48	$	665,000.00	$	-	$	18,620.00	$	150,320.00	
05/01/49	$	665,000.00	$	120,000.00	$	18,620.00		
11/01/49	$	545,000.00	$	-	$	15,260.00	$	153,880.00	
05/01/50	$	545,000.00	$	125,000.00	$	15,260.00		
11/01/50	$	420,000.00	$	-	$	11,760.00	$	152,020.00	
05/01/51	$	420,000.00	$	130,000.00	$	11,760.00	$	-	
11/01/51	$	290,000.00	$	-	$	8,120.00	$	149,880.00	
05/01/52	$	290,000.00	$	140,000.00	$	8,120.00	$	-	
11/01/52	$	150,000.00	$	-	$	4,200.00	$	152,320.00	
05/01/53	$	150,000.00	$	150,000.00	$	4,200.00	$	154,200.00	

$

2,230,000.00	$

2,386,945.00	$

4,632,336.47