Tohoqua
Community Development District

Proposed Budget
FY2026

1-3

4-11

12

13

14

15

16

17

18

19

20

21

	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

	Amortization Schedule Series 2023 Phase 4B/5B 

	Debt Service Fund Series 2023 Phase 4C

	Amortization Schedule Series 2023 Phase 4C

	Debt Service Fund Series 2024 Phase 7

	Amortization Schedule Series 2024 Phase 7

	Adopted Budget	Actual thru	Projected Next 6	Total thru	Proposed Budget	
Description	FY2025	3/31/25	Months	9/30/25	FY2026	

Revenues						
Assessments - Tax Collector	$  1,459,638	$  1,437,535	$	22,103	$  1,459,638	$  1,664,769	
Assessments - Direct	$	343,152	$	257,364	$	85,788	$	343,152	$	136,906	
Cost Share Revenue	$	10,496	$	-	$	10,496	$	10,496	$	11,144	
Special Events Revenue	$	12,000	$	-	$	6,000	$	6,000	$	17,500	
Miscellaneous Revenue	$	-	$	5,130	$	2,565	$	7,695	$	-	
Interest Income	$	-	$	548	$	16,375	$	16,923	$	8,462	
Carry Forward Surplus	$	-	$	514,816	$	-	$	514,816	$	122,833	
Total Revenues	$ 1,825,286	$ 2,215,393	$	143,328	$ 2,358,721	$ 1,961,614	

Expenditures						
Administrative						
Supervisor Fees	$	12,000	$	2,200	$	6,000	$	8,200	$	12,000	
FICA Expense	$	918	$	168	$	459	$	627	$	918	
Engineering	$	12,000	$	913	$	6,000	$	6,913	$	10,000	
Attorney	$	25,000	$	5,069	$	12,500	$	17,569	$	20,000	
Annual Audit	$	12,000	$	-	$	11,300	$	11,300	$	12,800	
Assessment Administration	$	11,130	$	11,130	$	-	$	11,130	$	11,464	
Arbitrage	$	3,600	$	1,800	$	1,350	$	3,150	$	3,600	
Dissemination	$	22,500	$	11,350	$	11,250	$	22,600	$	22,500	
Trustee Fees	$	36,239	$	16,732	$	19,507	$	36,239	$	39,863	
Management Fees	$	45,000	$	22,500	$	22,500	$	45,000	$	46,350	
Information Technology	$	2,004	$	1,930	$	1,002	$	2,932	$	2,064	
Website Maintenance	$	1,336	$	668	$	668	$	1,336	$	1,376	
Telephone	$	300	$	-	$	-	$	-	$	300	
Postage	$	1,000	$	410	$	500	$	910	$	1,000	
Insurance	$	7,127	$	6,631	$	-	$	6,631	$	8,810	
Printing & Binding	$	3,000	$	322	$	1,500	$	1,822	$	3,000	
Legal Advertising	$	3,800	$	669	$	2,500	$	3,169	$	3,800	
Other Current Charges	$	2,000	$	719	$	1,000	$	1,719	$	2,000	
Property Appraiser Fees	$	500	$	570	$	-	$	570	$	600	
Office Supplies	$	625	$	2	$	313	$	314	$	300	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative:	$	202,253	$	83,957	$	98,348	$	182,305	$	202,920	

Operations & Maintenance						
Contract Services
Field Management	
$	24,075	
$	12,038	
$	12,038	
$	24,075	
$	24,797	
Amenities Management	$	140,450	$	70,225	$	70,225	$	140,450	$	144,664	
Landscape Maintenance	$	529,094	$	167,882	$	347,613	$	515,495	$	604,509	
Lake Maintenance	$	34,720	$	6,710	$	6,360	$	13,070	$	30,240	
Pool Maintenance	$	40,320	$	11,610	$	15,285	$	26,895	$	42,300	
Pest Control	$	1,404	$	408	$	564	$	971	$	1,440	
Janitorial Services	$	41,520	$	9,996	$	18,234	$	28,230	$	41,460	
Contract Services Subtotal:	$	811,583	$	278,868	$	470,318	$	749,186	$	889,410	

	Adopted Budget	Actual thru	Projected Next 6	Total thru	Proposed Budget	
Description	FY2025	3/31/25	Months	9/30/25	FY2026	

Repairs & Maintenance						
Landscape Replacement	$	30,000	$	19,202	$	10,000	$	29,202	$	30,000	
Mulch	$	50,000	$	-	$	63,800	$	63,800	$	50,000	
Tree Removal & Replacement	$	20,000	$	13,836	$	52,500	$	66,336	$	20,000	
Irrigation Repairs	$	5,000	$	1,445	$	2,500	$	3,945	$	5,000	
Stormwater Inspections	$	10,000	$	-	$	-	$	-	$	-	
General Repairs & Maintenance	$	10,000	$	1,435	$	5,000	$	6,435	$	10,000	
Hurricane Cleanup	$	-	$	22,318	$	-	$	22,318	$	-	
Sidewalk Maintenance	$	3,000	$	-	$	1,500	$	1,500	$	3,000	
Signage	$	1,500	$	385	$	750	$	1,135	$	1,500	
Walls & Monument Repair	$	1,500	$	-	$	750	$	750	$	1,500	
Pressure Washing	$	17,500	$	-	$	10,500	$	10,500	$	17,500	
Fencing	$	1,500	$	-	$	750	$	750	$	1,500	
Repairs & Maintenance Subtotal:	$	150,000	$	58,621	$	148,050	$	206,671	$	140,000	

Utilities						
Amenity Center - Electric	$	38,280	$	11,951	$	15,000	$	26,951	$	38,280	
Amenity Center - Water	$	18,480	$	10,502	$	12,000	$	22,502	$	26,400	
Electric	$	2,500	$	142	$	240	$	382	$	2,500	
Water & Sewer	$	120,000	$	36,373	$	31,200	$	67,573	$	120,000	
Streetlights	$	125,000	$	40,294	$	53,346	$	93,640	$	134,436	
Utilities Subtotal:	$	304,260	$	99,262	$	111,786	$	211,048	$	321,616	

Amenities						
Property Insurance	$	54,366	$	32,204	$	-	$	32,204	$	54,366	
Pool Attendants	$	30,000	$	870	$	15,000	$	15,870	$	32,400	
Facility Maintenance	$	98,509	$	49,254	$	49,254	$	98,509	$	113,750	
Pool Repairs & Maintenance	$	25,000	$	18,946	$	16,000	$	34,946	$	45,000	
Pool Permits	$	650	$	-	$	650	$	650	$	650	
Access Cards & Equipment Supplies	$	6,000	$	171	$	6,420	$	6,591	$	6,600	
Fire Alarm & Security Monitoring	$	840	$	210	$	210	$	420	$	840	
Fire Alarm & Security Monitoring Repairs	$	2,000	$	-	$	1,000	$	1,000	$	2,000	
Fire Extinguisher Inspections	$	100	$	-	$	100	$	100	$	150	
Amenity Signage	$	4,000	$	333	$	2,000	$	2,333	$	4,000	
Repairs & Maintenance	$	10,000	$	4,906	$	5,000	$	9,906	$	10,000	
Office Supplies	$	1,000	$	1,236	$	500	$	1,736	$	2,000	
Operating Supplies	$	5,000	$	1,303	$	2,500	$	3,803	$	6,000	
Doggie Pots	$	3,500	$	1,489	$	1,750	$	3,239	$	3,500	
Special Events	$	25,000	$	7,910	$	12,500	$	20,410	$	35,000	
Termite Bond	$	600	$	-	$	600	$	600	$	618	
Holiday Décor	$	15,625	$	5,100	$	-	$	5,100	$	15,794	
Amenities Subtotal:	$	282,190	$	123,932	$	113,484	$	237,417	$	332,668	
Other						
Contingency	$	25,000	$	464	$	12,500	$	12,964	$	25,000	
Capital Reserve	$	50,000	$	-	$	50,000	$	50,000	$	50,000	
Other Subtotal:	$	75,000	$	464	$	62,500	$	62,964	$	75,000	
						
Total Operations & Maintenance:	$ 1,623,033	$	561,147	$	906,139	$ 1,467,286	$ 1,758,694	
						
Total Expenditures	$ 1,825,286	$	645,103	$ 1,004,487	$ 1,649,591	$ 1,961,614	
						
Excess Revenues/(Expenditures)	$	-	$  1,570,289	$	(861,160)	$	709,130	$	-	

Tohoqua Community Development District General Fund - Increased Assessments

Product	Assessable Units	
ERU	Total ERU's	FY26 Net
Assessment	FY 26 Gross Assessment	FY 26 Net
Per Unit	FY26 Gross Per Unit	FY25 Gross Per Unit	
Increase	
Phase 1 - Mattamy - Tax Roll										
Townhome	101	0.6	60.6	$	61,433	$	65,354	$608.25	$647.07	$647.07	$0.00	
Single-Family 40'	69	0.8	55.2	$	55,959	$	59,530	$810.99	$862.76	$862.76	$0.00	
Single-Family 45'	97	0.9	87.3	$	88,500	$	94,149	$912.37	$970.61	$970.61	$0.00	
Single-Family 55'	61	1.1	67.1	$	68,022	$	72,364	$1,115.12	$1,186.30	$1,186.30	$0.00	
Single-Family 70'	1	1.4	1.4	$	1,419	$	1,510	$1,419.24	$1,509.83	$1,509.83	$0.00	
Total Phase 1 - Mattamy	329			$	275,333	$	292,907					
Phase 2 - Lennar - Tax Roll										
Single-Family 32'	115	0.65	74.75	$	75,777	$	80,614	$658.93	$700.99	$700.99	$0.00	
Single-Family 50'	112	1	112	$	113,539	$	120,786	$1,013.74	$1,078.45	$1,078.45	$0.00	
Total Phase 2 - Lennar	227			$	189,317	$	201,401					
Phase 3 - Lennar - Tax Roll										
Townhome	61	0.6	36.6	$	37,103	$	39,471	$608.25	$647.07	$647.07	$0.00	
Single-Family 32'	46	0.65	29.9	$	30,311	$	32,246	$658.93	$700.99	$700.99	$0.00	
Single-Family 50'	48	1	48	$	48,660	$	51,766	$1,013.74	$1,078.45	$1,078.45	$0.00	
Total Phase 3 - Lennar	155			$	116,074	$	123,483					
Phase 4A/5A - Pulte - Tax Roll										
Multi-Family-Duplex	68	0.6	40.8	$	41,361	$	44,001	$608.25	$647.07	$647.07	$0.00	
Single-Family 32'	57	0.65	37.05	$	37,559	$	39,957	$658.93	$700.99	$700.99	$0.00	
Single-Family 40'	37	0.8	29.6	$	30,007	$	31,922	$810.99	$862.76	$862.76	$0.00	
Single-Family 50'	87	1	87	$	88,196	$	93,825	$1,013.74	$1,078.45	$1,078.45	$0.00	
Total Phase 4A/5A - Pulte	249			$	197,122	$	209,705					
Phase 4B - Pulte - Tax Roll										
Single-Family 32'	67	0.65	43.55	$	44,149	$	46,967	$658.93	$700.99	$700.99	$0.00	
Single-Family 40'	38	0.8	30.4	$	30,818	$	32,785	$810.99	$862.76	$862.76	$0.00	
Single-Family 50'	21	1	21	$	21,289	$	22,647	$1,013.74	$1,078.45	$1,078.45	$0.00	
Total Phase 4B - Pulte	126			$	96,255	$	102,399					
Phase 5B- Pulte - Direct										
Multi-Family-Duplex	72	0.6	43.2	$	43,794	$	46,589	$608.25	$647.07	$647.07	$0.00	
Single-Family 50'	61	1	61	$	61,838	$	65,785	$1,013.74	$1,078.45	$1,078.45	$0.00	
Total Phase 5B - Pulte	133			$	105,632	$	112,374					
Phase 6 - Lennar - Tax Roll										
Townhome	61	0.6	37	$	37,103	$	39,471	$608.25	$647.07	$647.07	$0.00	
Total Phase 6 - Lennar	61			$	37,103	$	39,471					
Phase 4C - Pulte - Tax Roll										
Townhome	90	0.6	54	$	54,742	$	58,236	$608.25	$647.07	$647.07	$0.00	
Single-Family 32'	25	0.65	16.25	$	16,473	$	17,525	$658.93	$700.99	$700.99	$0.00	
Single-Family 40'	102	0.8	81.6	$	82,721	$	88,002	$810.99	$862.76	$862.76	$0.00	
Single-Family 50'	32	1	32	$	32,440	$	34,510	$1,013.74	$1,078.45	$1,078.45	$0.00	
Total Phase 4C - Pulte	249			$	186,377	$	198,273					
Phase 7 - Lennar - Tax Roll										
Townhome	95	0.6	57	$	57,783	$	61,472	$608.25	$647.07	$647.07	$0.00	
Single-Family 32'	123	0.65	79.95	$	81,049	$	86,222	$658.93	$700.99	$700.99	$0.00	
Single-Family 50'	116	1	116	$	117,594	$	125,100	$1,013.74	$1,078.45	$1,078.45	$0.00	
Total Phase 7 - Lennar	334			$	256,426	$	272,794					
Phase 8 - Pulte - Tax Roll										
Townhome	33	0.6	19.8	$	20,072	$	21,353	$608.25	$647.07	$647.07	$0.00	
Single-Family 32'	123	0.65	79.95	$	81,049	$	86,222	$658.93	$700.99	$700.99	$0.00	
Single-Family 40'	62	0.8	49.6	$	50,282	$	53,491	$810.99	$862.76	$862.76	$0.00	
Single-Family 50'	53	1	53	$	53,728	$	57,158	$1,013.74	$1,078.45	$1,078.45	$0.00	
Total Phase 8 - Pulte	271			$	205,131	$	218,224					
										
Total Tax Roll	2134			$  1,664,769	$	1,771,031					

Phase 8 - Pulte - Direct										
Townhome	32	0.6	19.2	$	19,464	$	20,706	$608.25	$647.07	$647.07	$0.00	
Single-Family 32'	41	0.65	26.65	$	27,016	$	28,741	$658.93	$700.99	$700.99	$0.00	
Single-Family 40'	64	0.8	51.2	$	51,904	$	55,217	$810.99	$862.76	$862.76	$0.00	
Single-Family 50'	38	1	38	$	38,522	$	40,981	$1,013.74	$1,078.45	$1,078.45	$0.00	
Total Phase 8 - Pulte	175			$	136,906	$	145,645					
										
Total Direct	175			$	136,906	$	145,645					
										
Total Assessments	2309		1777	$  1,801,675	$	1,916,675					

Revenues:

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.

Cost Share Revenue

The property being developed as commercial and multi-family is not located within the boundaries of the District however the property will benefit from the roadways and landscaping owned and maintained by the District. The District and property owner have entered into a Cost Share Agreement (“Agreement”) that calculates the benefit for the developed and undeveloped property and the estimated annual income based upon this Agreement are reflected in the annual budget.

Special Events Revenue

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

Interest Income

Interest income earned on excess funds invested through the State Board of Administration.

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, Series 2022 Phase 3A/6A, Series 2023 Phase 4B/5B, Series 2023 Phase 4C and two 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. 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, Series 2022 Phase 3A/6A, Series 2023 Phase 4B/5B, and Series 2023 Phase 4C Special Assessment Revenue Bonds that are deposited with a Trustee at USBank. The cost also includes fees for two anticipated bond series.

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	Annually	
Phase 1	$73,460	
Phase 2 and Pond 3	$53,436	
Cross Prairie Pkwy	$45,340	
Additional 2 Ponds	$8,652	
Amenity Center	$35,964	
East Cross Prairie Pkwy	$47,808	
Phase 6	$53,592	
Phase 5	$13,104	
Phase 4A/4B	$59,780	
Phase 3	$35,856	
Phase 4C	$24,648	
Phase 4C Amenity	$10,218	
Phase 7	$69,105	
Phase 8A/8B		$73,546 	
Total	$604,509	

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	
Pond Maintenance	$2,220	$26,640	
Dump Fees	$200	$2,400	
Water Analysis Testing	$100		$1,200 	
Total		$34,720	

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	$1,900	$22,800	
Phase 4C	$1,625		$19,500 	
Total		$42,300	

Pest Control

The District is contracted with Turner Pest Control for integrated pest management and rodent control.

Description	Monthly	Annually	
Pest Control
Total	$120		$1,440 
$1,440	

Janitorial Services

The District is contracted with a janitorial company to provide janitorial services for the amenity center.

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.

Sidewalk Maintenance

The District will incur costs related to maintaining the 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 streetlights 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.

	Capital Reserve Fund		
	Fiscal Year 2026		
Adopted	Actual	Projected	Total	Proposed	
Budget	thru	Next 6	thru	Budget	
Description	FY2025	3/31/25	Months	9/30/25	FY2026	

Revenues						
Carry Forward Surplus	$	27,047	$	27,043	$	-	$	27,043	$	77,847	
Interest	$	-	$	536	$	268	$	804	$	402	
Transfer In	$	50,000	$	-	$	50,000	$	50,000	$	50,000	
Total Revenues	$	77,047	$	27,579	$	50,268	$	77,847	$	128,249	

Expenditures

Capital Outlay

$	-	$	-	$	-

$	-	$	-

Excess Revenues/(Expenditures)	$	77,047	$	27,579	$	50,268	$	77,847	$	128,249

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

Debt Service Fund - Series 2018 Fiscal Year 2026

	Adopted Budget	Actual thru	Projected Next 6	Total thru	Proposed Budget	
Description	FY2025	3/31/25	Months	9/30/25	FY2026	

Revenues						
Special Assessments	$	137,458	$	135,373	$	2,085	$	137,458	$	137,458	
Interest	$	-	$	3,238	$	1,619	$	4,857	$	2,428	
Carry Forward Surplus	$	83,376	$	85,011	$	-	$	85,011	$	90,306	
Total Revenues	$	220,834	$	223,622	$	3,704	$	227,326	$	230,192	

Expenditures						
Interest Payment - 11/01	$	46,010	$	46,010	$	-	$	46,010	$	44,953	
Principal Payment - 05/01	$	45,000	$	-	$	45,000	$	45,000	$	45,000	
Interest Payment - 05/01	$	46,010	$	-	$	46,010	$	46,010	$	44,953	
Total Expenditures	$	137,020	$	46,010	$	91,010	$	137,020	$	134,905	
						
Excess Revenues/(Expenditures)	$	83,814	$	177,612	$	(87,306)	$	90,306	$	95,287	

1. Carry forward surplus is net of Reserves.	 Interest 11/1/26	$43,895	

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	
									
11/01/25	$	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	
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 2026

	Adopted Budget	Actual thru	Projected Next 6	Total thru	Proposed Budget	
Description	FY2025	3/31/25	Months	9/30/25	FY2026	

Revenues						
Special Assessments	$	144,764	$	142,573	$	2,191	$	144,764	$	144,764	
Interest	$	-	$	2,909	$	1,455	$	4,364	$	2,182	
Carry Forward Surplus	$	62,666	$	64,367	$	-	$	64,367	$	72,370	
Total Revenues	$	207,430	$	209,849	$	3,646	$	213,495	$	219,316	

Expenditures						
Interest Payment - 11/01	$	43,063	$	43,063	$	-	$	43,063	$	42,409	
Principal Payment - 05/01	$	55,000	$	-	$	55,000	$	55,000	$	60,000	
Interest Payment - 05/01	$	43,063	$	-	$	43,063	$	43,063	$	42,409	
Total Expenditures	$	141,125	$	43,063	$	98,063	$	141,125	$	144,819	
						
Excess Revenues/(Expenditures)	$	66,305	$	166,787	$	(94,417)	$	72,370	$	74,497	

1. Carry forward surplus is net of Reserves.

  Interest 11/1/26	$41,697	

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	
									
11/01/25	$	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	
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 2026

	Adopted Budget	Actual thru	Projected Next 6	Total thru	Proposed Budget	
Description	FY2025	3/31/25	Months	9/30/25	FY2026	

Revenues						
Special Assessments	$	150,700	$	148,419	$	2,281	$	150,700	$	150,700	
Interest	$	-	$	2,992	$	1,496	$	4,488	$	2,244	
Carry Forward Surplus	$	64,319	$	66,103	$	-	$	66,103	$	74,356	
Total Revenues	$	215,019	$	217,514	$	3,777	$	221,291	$	227,300	

Expenditures						
Interest Payment - 11/01	$	45,968	$	45,968	$	-	$	45,968	$	45,280	
Principal Payment - 05/01	$	55,000	$	-	$	55,000	$	55,000	$	60,000	
Interest Payment - 05/01	$	45,968	$	-	$	45,968	$	45,968	$	45,280	
Total Expenditures	$	146,935	$	45,968	$	100,968	$	146,935	$	150,560	
						
Excess Revenues/(Expenditures)	$	68,084	$	171,546	$	(97,190)	$	74,356	$	76,740	

1. Carry forward surplus is net of Reserves.

  Interest 11/1/26	$44,530	

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	
									
11/01/25	$	2,380,000.00	$	-	$	45,280.00	$	146,247.50	
05/01/26	$	2,380,000.00	$	60,000.00	$	45,280.00			
11/01/26	$	2,380,000.00	$	-	$	44,530.00	$	149,810.00	
05/01/27	$	2,380,000.00	$	60,000.00	$	44,530.00			
11/01/27	$	2,320,000.00	$	-	$	43,592.50	$	148,122.50	
05/01/28	$	2,320,000.00	$	60,000.00	$	43,592.50			
11/01/28	$	2,260,000.00	$	-	$	42,655.00	$	146,247.50	
05/01/29	$	2,260,000.00	$	65,000.00	$	42,655.00			
11/01/29	$	2,195,000.00	$	-	$	41,639.38	$	149,294.38	
05/01/30	$	2,195,000.00	$	65,000.00	$	41,639.38			
11/01/30	$	2,130,000.00	$	-	$	40,623.75	$	147,263.13	
05/01/31	$	2,130,000.00	$	70,000.00	$	40,623.75			
11/01/31	$	2,060,000.00	$	-	$	39,530.00	$	150,153.75	
05/01/32	$	2,060,000.00	$	70,000.00	$	39,530.00			
11/01/32	$	1,990,000.00	$	-	$	38,270.00	$	147,800.00	
05/01/33	$	1,990,000.00	$	75,000.00	$	38,270.00			
11/01/33	$	1,915,000.00	$	-	$	36,920.00	$	150,190.00	
05/01/34	$	1,915,000.00	$	75,000.00	$	36,920.00			
11/01/34	$	1,840,000.00	$	-	$	35,570.00	$	147,490.00	
05/01/35	$	1,840,000.00	$	80,000.00	$	35,570.00			
11/01/35	$	1,760,000.00	$	-	$	34,130.00	$	149,700.00	
05/01/36	$	1,760,000.00	$	80,000.00	$	34,130.00			
11/01/36	$	1,680,000.00	$	-	$	32,690.00	$	146,820.00	
05/01/37	$	1,680,000.00	$	85,000.00	$	32,690.00			
11/01/37	$	1,595,000.00	$	-	$	31,160.00	$	148,850.00	
05/01/38	$	1,595,000.00	$	90,000.00	$	31,160.00			
11/01/38	$	1,505,000.00	$	-	$	29,540.00	$	150,700.00	
05/01/39	$	1,505,000.00	$	90,000.00	$	29,540.00			
11/01/39	$	1,415,000.00	$	-	$	27,920.00	$	147,460.00	
05/01/40	$	1,415,000.00	$	95,000.00	$	27,920.00			
11/01/40	$	1,320,000.00	$	-	$	26,210.00	$	149,130.00	
05/01/41	$	1,320,000.00	$	95,000.00	$	26,210.00			
11/01/41	$	1,225,000.00	$	-	$	24,500.00	$	145,710.00	
05/01/42	$	1,225,000.00	$	100,000.00	$	24,500.00			
11/01/42	$	1,125,000.00	$	-	$	22,500.00	$	147,000.00	
05/01/43	$	1,125,000.00	$	105,000.00	$	22,500.00			
11/01/43	$	1,020,000.00	$	-	$	20,400.00	$	147,900.00	
05/01/44	$	1,020,000.00	$	110,000.00	$	20,400.00			
11/01/44	$	910,000.00	$	-	$	18,200.00	$	148,600.00	
05/01/45	$	910,000.00	$	115,000.00	$	18,200.00			
11/01/45	$	795,000.00	$	-	$	15,900.00	$	149,100.00	
05/01/46	$	795,000.00	$	120,000.00	$	15,900.00			
11/01/46	$	675,000.00	$	-	$	13,500.00	$	149,400.00	
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 2026

	Adopted Budget	Actual thru	Projected Next 6	Total thru	Proposed Budget	
Description	FY2025	3/31/25	Months	9/30/25	FY2026	

Revenues						
Special Assessments	$	150,950	$	148,664	$	2,286	$	150,950	$	150,950	
Interest	$	-	$	2,220	$	1,110	$	3,331	$	1,665	
Carry Forward Surplus	$	65,133	$	66,659	$	-	$	66,659	$	72,032	
Total Revenues	$	216,083	$	217,544	$	3,396	$	220,940	$	224,647	

Expenditures						
Interest Payment - 11/01	$	59,454	$	59,454	$	-	$	59,454	$	58,704	
Principal Payment - 05/01	$	30,000	$	-	$	30,000	$	30,000	$	30,000	
Interest Payment - 05/01	$	59,454	$	-	$	59,454	$	59,454	$	58,704	
Total Expenditures	$	148,908	$	59,454	$	89,454	$	148,908	$	147,408	
						
Excess Revenues/(Expenditures)	$	67,176	$	158,090	$	(86,058)	$	72,032	$	77,240	

1. Carry forward surplus is net of Reserves.	 Interest 11/1/26	$57,954	

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	
									
11/01/25	$	2,060,000.00	$	-	$	58,703.75	$	148,157.50	
05/01/26	$	2,060,000.00	$	30,000.00	$	58,703.75	$	-	
11/01/26	$	2,030,000.00	$	-	$	57,953.75	$	146,657.50	
05/01/27	$	2,030,000.00	$	35,000.00	$	57,953.75	$	-	
11/01/27	$	1,995,000.00	$	-	$	57,078.75	$	150,032.50	
05/01/28	$	1,995,000.00	$	35,000.00	$	57,078.75	$	-	
11/01/28	$	1,960,000.00	$	-	$	56,203.75	$	148,282.50	
05/01/29	$	1,960,000.00	$	35,000.00	$	56,203.75	$	-	
11/01/29	$	1,925,000.00	$	-	$	55,328.75	$	146,532.50	
05/01/30	$	1,925,000.00	$	40,000.00	$	55,328.75	$	-	
11/01/30	$	1,800,000.00	$	-	$	54,328.75	$	149,657.50	
05/01/31	$	1,800,000.00	$	40,000.00	$	54,328.75	$	-	
11/01/31	$	1,800,000.00	$	-	$	53,328.75	$	147,657.50	
05/01/32	$	1,800,000.00	$	45,000.00	$	53,328.75	$	-	
11/01/32	$	1,800,000.00	$	-	$	52,203.75	$	150,532.50	
05/01/33	$	1,800,000.00	$	45,000.00	$	52,203.75	$	-	
11/01/33	$	1,755,000.00	$	-	$	50,921.25	$	148,125.00	
05/01/34	$	1,755,000.00	$	50,000.00	$	50,921.25	$	-	
11/01/34	$	1,705,000.00	$	-	$	49,496.25	$	150,417.50	
05/01/35	$	1,705,000.00	$	50,000.00	$	49,496.25	$	-	
11/01/35	$	1,655,000.00	$	-	$	48,071.25	$	147,567.50	
05/01/36	$	1,655,000.00	$	55,000.00	$	48,071.25	$	-	
11/01/36	$	1,600,000.00	$	-	$	46,503.75	$	149,575.00	
05/01/37	$	1,600,000.00	$	55,000.00	$	46,503.75	$	-	
11/01/37	$	1,545,000.00	$	-	$	44,936.25	$	146,440.00	
05/01/38	$	1,545,000.00	$	60,000.00	$	44,936.25	$	-	
11/01/38	$	1,485,000.00	$	-	$	43,226.25	$	148,162.50	
05/01/39	$	1,485,000.00	$	65,000.00	$	43,226.25	$	-	
11/01/39	$	1,420,000.00	$	-	$	41,373.75	$	149,600.00	
05/01/40	$	1,420,000.00	$	70,000.00	$	41,373.75	$	-	
11/01/40	$	1,205,000.00	$	-	$	39,378.75	$	150,752.50	
05/01/41	$	1,205,000.00	$	70,000.00	$	39,378.75	$	-	
11/01/41	$	1,205,000.00	$	-	$	37,383.75	$	146,762.50	
05/01/42	$	1,205,000.00	$	75,000.00	$	37,383.75	$	-	
11/01/42	$	1,205,000.00	$	-	$	35,246.25	$	147,630.00	
05/01/43	$	1,205,000.00	$	80,000.00	$	35,246.25	$	-	
11/01/43	$	1,125,000.00	$	-	$	32,906.25	$	148,152.50	
05/01/44	$	1,125,000.00	$	85,000.00	$	32,906.25	$	-	
11/01/44	$	1,040,000.00	$	-	$	30,420.00	$	148,326.25	
05/01/45	$	1,040,000.00	$	90,000.00	$	30,420.00	$	-	
11/01/45	$	950,000.00	$	-	$	27,787.50	$	148,207.50	
05/01/46	$	950,000.00	$	95,000.00	$	27,787.50	$	-	
11/01/46	$	855,000.00	$	-	$	25,008.75	$	147,796.25	
05/01/47	$	855,000.00	$	100,000.00	$	25,008.75	$	-	
11/01/47	$	755,000.00	$	-	$	22,083.75	$	147,092.50	
05/01/48	$	755,000.00	$	110,000.00	$	22,083.75	$	-	
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 2026

	Adopted Budget	Actual thru	Projected Next 6	Total thru	Proposed Budget	
Description	FY2025	3/31/25	Months	9/30/25	FY2026	

Revenues						
Special Assessments	$	154,199	$	151,102	$	3,097	$	154,199	$	154,199	
Interest	$	-	$	2,284	$	1,142	$	3,425	$	1,713	
Carry Forward Surplus	$	65,283	$	78,445	$	-	$	78,445	$	70,512	
Total Revenues	$	219,482	$	231,831	$	4,239	$	236,069	$	226,424	

Expenditures						
Interest Payment - 11/01	$	59,553	$	59,553	$	-	$	59,553	$	58,485	
Special Call - 11/1	$	-	$	10,000	$	-	$	10,000	$	-	
Principal Payment - 05/01	$	35,000	$	-	$	35,000	$	35,000	$	35,000	
Interest Payment - 05/01	$	59,553	$	-	$	59,273	$	59,273	$	58,485	
Total Expenditures	$	154,105	$	69,553	$	94,273	$	163,825	$	151,970	

Other Financing Sources/(Uses)						
Transfer In/(Out)	$	-	$	(1,732)	$	-	$	(1,732)	$	-	
Total Other Financing Sources/(Uses)	$	-	$	(1,732)	$	-	$	(1,732)	$	-	
						
Excess Revenues/(Expenditures)	$	65,377	$	160,546	$	(90,034)	$	70,512	$	74,454	

1. Carry forward surplus is net of Reserves.

  Interest 11/1/26	$57,698	

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	
									
11/01/25	$	2,155,000.00	$	-	$	58,485.00	$	152,757.50	
05/01/26	$	2,155,000.00	$	35,000.00	$	58,485.00			
11/01/26	$	2,120,000.00	$	-	$	57,697.50	$	151,182.50	
05/01/27	$	2,120,000.00	$	35,000.00	$	57,697.50			
11/01/27	$	2,085,000.00	$	-	$	56,910.00	$	149,607.50	
05/01/28	$	2,085,000.00	$	40,000.00	$	56,910.00			
11/01/28	$	2,045,000.00	$	-	$	56,010.00	$	152,920.00	
05/01/29	$	2,045,000.00	$	40,000.00	$	56,010.00			
11/01/29	$	2,005,000.00	$	-	$	55,110.00	$	151,120.00	
05/01/30	$	2,005,000.00	$	40,000.00	$	55,110.00			
11/01/30	$	1,965,000.00	$	-	$	54,210.00	$	149,320.00	
05/01/31	$	1,965,000.00	$	45,000.00	$	54,210.00			
11/01/31	$	1,920,000.00	$	-	$	52,995.00	$	152,205.00	
05/01/32	$	1,920,000.00	$	45,000.00	$	52,995.00			
11/01/32	$	1,875,000.00	$	-	$	51,780.00	$	149,775.00	
05/01/33	$	1,875,000.00	$	50,000.00	$	51,780.00			
11/01/33	$	1,825,000.00	$	-	$	50,430.00	$	152,210.00	
05/01/34	$	1,825,000.00	$	50,000.00	$	50,430.00			
11/01/34	$	1,775,000.00	$	-	$	49,080.00	$	149,510.00	
05/01/35	$	1,775,000.00	$	55,000.00	$	49,080.00			
11/01/35	$	1,720,000.00	$	-	$	47,595.00	$	151,675.00	
05/01/36	$	1,720,000.00	$	60,000.00	$	47,595.00			
11/01/36	$	1,660,000.00	$	-	$	45,975.00	$	153,570.00	
05/01/37	$	1,660,000.00	$	60,000.00	$	45,975.00			
11/01/37	$	1,600,000.00	$	-	$	44,355.00	$	150,330.00	
05/01/38	$	1,600,000.00	$	65,000.00	$	44,355.00			
11/01/38	$	1,535,000.00	$	-	$	42,600.00	$	151,955.00	
05/01/39	$	1,535,000.00	$	70,000.00	$	42,600.00			
11/01/39	$	1,465,000.00	$	-	$	40,710.00	$	153,310.00	
05/01/40	$	1,465,000.00	$	70,000.00	$	40,710.00			
11/01/40	$	1,395,000.00	$	-	$	38,820.00	$	149,530.00	
05/01/41	$	1,395,000.00	$	75,000.00	$	38,820.00			
11/01/41	$	1,240,000.00	$	-	$	36,795.00	$	150,615.00	
05/01/42	$	1,155,000.00	$	80,000.00	$	36,795.00			
11/01/42	$	1,155,000.00	$	-	$	34,635.00	$	151,430.00	
05/01/43	$	1,155,000.00	$	85,000.00	$	34,635.00			
11/01/43	$	1,155,000.00	$	-	$	32,340.00	$	151,975.00	
05/01/44	$	1,155,000.00	$	90,000.00	$	32,340.00			
11/01/44	$	1,065,000.00	$	-	$	29,820.00	$	152,160.00	
05/01/45	$	1,065,000.00	$	95,000.00	$	29,820.00			
11/01/45	$	970,000.00	$	-	$	27,160.00	$	151,980.00	
05/01/46	$	970,000.00	$	100,000.00	$	27,160.00			
11/01/46	$	870,000.00	$	-	$	24,360.00	$	151,520.00	
05/01/47	$	870,000.00	$	105,000.00	$	24,360.00			
11/01/47	$	765,000.00	$	-	$	21,420.00	$	150,780.00	
05/01/48	$	765,000.00	$	110,000.00	$	21,420.00			
11/01/48	$	655,000.00	$	-	$	18,340.00	$	149,760.00	
05/01/49	$	655,000.00	$	115,000.00	$	18,340.00			
11/01/49	$	540,000.00	$	-	$	15,120.00	$	148,460.00	
05/01/50	$	540,000.00	$	125,000.00	$	15,120.00			
11/01/50	$	415,000.00	$	-	$	11,620.00	$	151,740.00	
05/01/51	$	415,000.00	$	130,000.00	$	11,620.00	$	-	
11/01/51	$	285,000.00	$	-	$	7,980.00	$	149,600.00	
05/01/52	$	285,000.00	$	140,000.00	$	7,980.00	$	-	
11/01/52	$	145,000.00	$	-	$	4,060.00	$	152,040.00	
05/01/53	$	145,000.00	$	145,000.00	$	4,060.00	$	149,060.00	
			$	2,190,000.00	$	2,192,097.50	$	4,382,097.50	

Debt Service Fund - Series 2023 Phase 4C Fiscal Year 2026

	Adopted Budget	Actual thru	Projected Next 6	Total thru	Proposed Budget	
Description	FY2025	3/31/25	Months	9/30/25	FY2026	

Revenues						
Special Assessments	$	142,307	$	140,153	$	2,155	$	142,307	$	142,307	
Interest	$	-	$	2,585	$	1,293	$	3,878	$	1,939	
Carry Forward Surplus	$	74,386	$	65,034	$	-	$	65,034	$	63,271	
Total Revenues	$	216,693	$	207,772	$	3,447	$	211,219	$	207,517	

Expenditures						
Interest Payment - 11/01	$	56,795	$	56,795	$	-	$	56,795	$	56,170	
Principal Payment - 05/01	$	25,000	$	-	$	25,000	$	25,000	$	30,000	
Interest Payment - 05/01	$	56,795	$	-	$	56,795	$	56,795	$	56,170	
Total Expenditures	$	138,590	$	56,795	$	81,795	$	138,590	$	142,340	

Other Financing Sources/(Uses)						
Transfer In/(Out)	$	-	$	(9,358)	$	-	$	(9,358)	$	-	
Total Other Financing Sources/(Uses)	$	-	$	(9,358)	$	-	$	(9,358)	$	-	
						
Excess Revenues/(Expenditures)	$	78,103	$	141,619	$	(78,348)	$	63,271	$	65,177	

1. Carry forward surplus is net of Reserves.

  Interest 11/1/26	$55,420	

Net Assessments	$142,307 Add: Discounts & Collection 		$9,083 
Gross Assessments 	$151,391 

Product Type	

No. of Units	
Annual Debt Service	Per Unit Net Debt
Assessment	Per Unit Gross Debt
Assessment	
Townhouse	90	$	41,798	$464.42	$494.07	
Single-Family 32'	25	$	12,578	$503.13	$535.24	
Single-Family 40'	102	$	63,162	$619.23	$658.76	
Single-Family 50'	32	$	24,769	$774.04	$823.45	
	249	$	142,307			

Series 2023 Special Assessment Bonds Phase 4C Project Area 6 Amortization Schedule

Date		Balance		Principal		Interest		Total	
									
11/01/25	$	1,965,000.00	$	-	$	56,170.00	$	137,965.00	
05/01/26	$	1,965,000.00	$	30,000.00	$	56,170.00			
11/01/26	$	1,935,000.00	$	-	$	55,420.00	$	141,590.00	
05/01/27	$	1,935,000.00	$	30,000.00	$	55,420.00			
11/01/27	$	1,905,000.00	$	-	$	54,670.00	$	140,090.00	
05/01/28	$	1,905,000.00	$	30,000.00	$	54,670.00			
11/01/28	$	1,875,000.00	$	-	$	53,920.00	$	138,590.00	
05/01/29	$	1,875,000.00	$	35,000.00	$	53,920.00			
11/01/29	$	1,840,000.00	$	-	$	53,045.00	$	141,965.00	
05/01/30	$	1,840,000.00	$	35,000.00	$	53,045.00			
11/01/30	$	1,690,000.00	$	-	$	52,170.00	$	140,215.00	
05/01/31	$	1,690,000.00	$	35,000.00	$	52,170.00			
11/01/31	$	1,690,000.00	$	-	$	51,295.00	$	138,465.00	
05/01/32	$	1,690,000.00	$	40,000.00	$	51,295.00			
11/01/32	$	1,690,000.00	$	-	$	50,295.00	$	141,590.00	
05/01/33	$	1,690,000.00	$	40,000.00	$	50,295.00			
11/01/33	$	1,690,000.00	$	-	$	49,295.00	$	139,590.00	
05/01/34	$	1,690,000.00	$	45,000.00	$	49,295.00			
11/01/34	$	1,645,000.00	$	-	$	48,012.50	$	142,307.50	
05/01/35	$	1,645,000.00	$	45,000.00	$	48,012.50			
11/01/35	$	1,600,000.00	$	-	$	46,730.00	$	139,742.50	
05/01/36	$	1,600,000.00	$	50,000.00	$	46,730.00			
11/01/36	$	1,550,000.00	$	-	$	45,305.00	$	142,035.00	
05/01/37	$	1,550,000.00	$	50,000.00	$	45,305.00			
11/01/37	$	1,500,000.00	$	-	$	43,880.00	$	139,185.00	
05/01/38	$	1,500,000.00	$	55,000.00	$	43,880.00			
11/01/38	$	1,445,000.00	$	-	$	42,312.50	$	141,192.50	
05/01/39	$	1,445,000.00	$	55,000.00	$	42,312.50			
11/01/39	$	1,390,000.00	$	-	$	40,745.00	$	138,057.50	
05/01/40	$	1,390,000.00	$	60,000.00	$	40,745.00			
11/01/40	$	1,330,000.00	$	-	$	39,035.00	$	139,780.00	
05/01/41	$	1,330,000.00	$	65,000.00	$	39,035.00			
11/01/41	$	1,200,000.00	$	-	$	37,182.50	$	141,217.50	
05/01/42	$	1,130,000.00	$	65,000.00	$	37,182.50			
11/01/42	$	1,130,000.00	$	-	$	35,330.00	$	137,512.50	
05/01/43	$	1,130,000.00	$	70,000.00	$	35,330.00			
11/01/43	$	1,130,000.00	$	-	$	33,335.00	$	138,665.00	
05/01/44	$	1,130,000.00	$	75,000.00	$	33,335.00			
11/01/44	$	1,055,000.00	$	-	$	31,122.50	$	139,457.50	
05/01/45	$	1,055,000.00	$	80,000.00	$	31,122.50			
11/01/45	$	975,000.00	$	-	$	28,762.50	$	139,885.00	
05/01/46	$	975,000.00	$	85,000.00	$	28,762.50			
11/01/46	$	890,000.00	$	-	$	26,255.00	$	140,017.50	
05/01/47	$	890,000.00	$	90,000.00	$	26,255.00			
11/01/47	$	800,000.00	$	-	$	23,600.00	$	139,855.00	
05/01/48	$	800,000.00	$	95,000.00	$	23,600.00			
11/01/48	$	705,000.00	$	-	$	20,797.50	$	139,397.50	
05/01/49	$	705,000.00	$	100,000.00	$	20,797.50			
11/01/49	$	605,000.00	$	-	$	17,847.50	$	138,645.00	
05/01/50	$	605,000.00	$	105,000.00	$	17,847.50			
11/01/50	$	500,000.00	$	-	$	14,750.00	$	137,597.50	
05/01/51	$	500,000.00	$	115,000.00	$	14,750.00	$	-	
11/01/51	$	385,000.00	$	-	$	11,357.50	$	141,107.50	
05/01/52	$	385,000.00	$	120,000.00	$	11,357.50	$	-	
11/01/52	$	265,000.00	$	-	$	7,817.50	$	139,175.00	
05/01/53	$	265,000.00	$	130,000.00	$	7,817.50	$	-	
11/01/53	$	135,000.00	$	-	$	3,982.50	$	141,800.00	
05/01/54	$	135,000.00	$	135,000.00	$	3,982.50	$	138,982.50	
			$	1,990,000.00	$	2,319,265.00	$	4,309,265.00	

Debt Service Fund - Series 2024 Phase 7 Fiscal Year 2026

	Adopted Budget	Actual thru	Projected Next 6	Total thru	Proposed Budget	
Description	FY2025	3/31/25	Months	9/30/25	FY2026	

Revenues						
Special Assessments	$	324,110	$	319,202	$	4,908	$	324,110	$	324,110	
Interest	$	-	$	5,518	$	2,759	$	8,277	$	4,138	
Carry Forward Surplus	$	99,460	$	102,546	$	-	$	102,546	$	137,331	
Total Revenues	$	423,570	$	427,266	$	7,667	$	434,933	$	465,580	

Expenditures						
Interest Payment - 11/01	$	99,460	$	99,460	$	-	$	99,460	$	126,414	
Principal Payment - 05/01	$	65,000	$	-	$	65,000	$	65,000	$	70,000	
Interest Payment - 05/01	$	127,877	$	-	$	127,877	$	127,877	$	126,414	
Total Expenditures	$	292,337	$	99,460	$	192,877	$	292,337	$	322,829	

Other Financing Sources/(Uses)						
Transfer In/(Out)	$	-	$	(5,265)	$	-	$	(5,265)	$	-	
Total Other Financing Sources/(Uses)	$	-	$	(5,265)	$	-	$	(5,265)	$	-	
						
Excess Revenues/(Expenditures)	$	131,233	$	322,542	$	(185,210)	$	137,331	$	142,751	

1. Carry forward surplus is net of Reserves.

 Interest 11/1/26	$124,839	

Net Assessments	$324,110 Add: Discounts & Collection 		$20,688 
Gross Assessments 	$344,798 

Product Type	

No. of Units	
Annual Debt Service	Per Unit
Net Debt Assessment	Per Unit
Gross Debt Assessment	
Townhouse	95	$	63,559	$669.04	$711.75	
Single-Family 32'	123	$	105,334	$856.37	$911.04	
Single-Family 50'	116	$	155,217	$1,338.08	$1,423.49	
	334	$	324,110			

Series 2024 Special Assessment Bonds Phase 7 Amortization Schedule

Date		Balance		Principal		Interest		Total	
									
11/01/25	$	4,655,000.00	$	-	$	126,414.38	$	319,291.25	
05/01/26	$	4,655,000.00	$	70,000.00	$	126,414.38			
11/01/26	$	4,585,000.00	$	-	$	124,839.38	$	321,253.75	
05/01/27	$	4,585,000.00	$	75,000.00	$	124,839.38			
11/01/27	$	4,510,000.00	$	-	$	123,151.88	$	322,991.25	
05/01/28	$	4,510,000.00	$	75,000.00	$	123,151.88			
11/01/28	$	4,435,000.00	$	-	$	121,464.38	$	319,616.25	
05/01/29	$	4,435,000.00	$	80,000.00	$	121,464.38			
11/01/29	$	4,355,000.00	$	-	$	119,664.38	$	321,128.75	
05/01/30	$	4,355,000.00	$	85,000.00	$	119,664.38			
11/01/30	$	4,180,000.00	$	-	$	117,751.88	$	322,416.25	
05/01/31	$	4,180,000.00	$	90,000.00	$	117,751.88			
11/01/31	$	4,180,000.00	$	-	$	115,726.88	$	323,478.75	
05/01/32	$	4,180,000.00	$	95,000.00	$	115,726.88			
11/01/32	$	4,085,000.00	$	-	$	113,173.75	$	323,900.63	
05/01/33	$	4,085,000.00	$	100,000.00	$	113,173.75			
11/01/33	$	3,985,000.00	$	-	$	110,486.25	$	323,660.00	
05/01/34	$	3,985,000.00	$	105,000.00	$	110,486.25			
11/01/34	$	3,880,000.00	$	-	$	107,664.38	$	323,150.63	
05/01/35	$	3,880,000.00	$	110,000.00	$	107,664.38			
11/01/35	$	3,770,000.00	$	-	$	104,708.13	$	322,372.50	
05/01/36	$	3,770,000.00	$	115,000.00	$	104,708.13			
11/01/36	$	3,655,000.00	$	-	$	101,617.50	$	321,325.63	
05/01/37	$	3,655,000.00	$	120,000.00	$	101,617.50			
11/01/37	$	3,535,000.00	$	-	$	98,392.50	$	320,010.00	
05/01/38	$	3,535,000.00	$	130,000.00	$	98,392.50			
11/01/38	$	3,405,000.00	$	-	$	94,898.75	$	323,291.25	
05/01/39	$	3,405,000.00	$	135,000.00	$	94,898.75			
11/01/39	$	3,270,000.00	$	-	$	91,270.63	$	321,169.38	
05/01/40	$	3,270,000.00	$	145,000.00	$	91,270.63			
11/01/40	$	3,125,000.00	$	-	$	87,373.75	$	323,644.38	
05/01/41	$	3,125,000.00	$	150,000.00	$	87,373.75			
11/01/41	$	2,815,000.00	$	-	$	83,342.50	$	320,716.25	
05/01/42	$	2,465,000.00	$	160,000.00	$	83,342.50			
11/01/42	$	2,465,000.00	$	-	$	79,042.50	$	322,385.00	
05/01/43	$	2,465,000.00	$	170,000.00	$	79,042.50			
11/01/43	$	2,465,000.00	$	-	$	74,473.75	$	323,516.25	
05/01/44	$	2,465,000.00	$	180,000.00	$	74,473.75			
11/01/44	$	2,465,000.00	$	-	$	69,636.25	$	324,110.00	
05/01/45	$	2,465,000.00	$	190,000.00	$	69,636.25			
11/01/45	$	2,275,000.00	$	-	$	64,268.75	$	323,905.00	
05/01/46	$	2,275,000.00	$	200,000.00	$	64,268.75			
11/01/46	$	2,075,000.00	$	-	$	58,618.75	$	322,887.50	
05/01/47	$	2,075,000.00	$	210,000.00	$	58,618.75			
11/01/47	$	1,865,000.00	$	-	$	52,686.25	$	321,305.00	
05/01/48	$	1,865,000.00	$	225,000.00	$	52,686.25			
11/01/48	$	1,640,000.00	$	-	$	46,330.00	$	324,016.25	
05/01/49	$	1,640,000.00	$	235,000.00	$	46,330.00			
11/01/49	$	1,405,000.00	$	-	$	39,691.25	$	321,021.25	
05/01/50	$	1,405,000.00	$	250,000.00	$	39,691.25			
11/01/50	$	1,155,000.00	$	-	$	32,628.75	$	322,320.00	
05/01/51	$	1,155,000.00	$	265,000.00	$	32,628.75	$	-	
11/01/51	$	890,000.00	$	-	$	25,142.50	$	322,771.25	
05/01/52	$	890,000.00	$	280,000.00	$	25,142.50	$	-	
11/01/52	$	610,000.00	$	-	$	17,232.50	$	322,375.00	
05/01/53	$	610,000.00	$	295,000.00	$	17,232.50	$	-	
11/01/53	$	315,000.00	$	-	$	8,898.75	$	321,131.25	
05/01/54	$	315,000.00	$	315,000.00	$	8,898.75	$	323,898.75	
			$	4,720,000.00	$	5,048,519.17	$	9,768,519.17