Tohoqua
Community Development District

Proposed Budget
FY2027

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	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

	Debt Service Fund Series 2024 Phase 7

	Amortization Schedule Series 2024 Phase 7

	Adopted Budget	Actual thru	Projected Next 5	Total thru	Proposed Budget	
Description	FY2026	4/30/26	Months	9/30/26	FY2027	

Revenues						
Assessments - Tax Collector	$  1,664,769	$  1,656,297	$	8,472	$  1,664,769	$  1,975,736	
Assessments - Direct	$	136,906	$	102,679	$	34,227	$	136,906	$	-	
Cost Share Revenue	$	11,144	$	-	$	11,144	$	11,144	$	11,144	
Special Events Revenue	$	17,500	$	666	$	600	$	1,266	$	10,000	
Miscellaneous Revenue	$	9,000	$	8,050	$	5,750	$	13,800	$	9,000	
Interest Income	$	24,000	$	22,771	$	6,506	$	29,277	$	24,000	
Total Revenues	$ 1,986,614	$ 1,790,464	$	66,699	$ 1,857,162	$ 2,029,881	

Expenditures						
Administrative						
Supervisor Fees	$	12,000	$	3,600	$	5,000	$	8,600	$	12,000	
FICA Expense	$	918	$	275	$	383	$	658	$	918	
Engineering	$	10,000	$	4,440	$	3,500	$	7,940	$	10,000	
Attorney	$	20,000	$	10,656	$	9,500	$	20,156	$	20,000	
Annual Audit	$	12,800	$	11,400	$	-	$	11,400	$	12,900	
Assessment Administration	$	11,464	$	11,464	$	-	$	11,464	$	12,037	
Arbitrage	$	3,600	$	2,250	$	1,350	$	3,600	$	3,600	
Dissemination	$	22,500	$	13,750	$	10,417	$	24,167	$	28,750	
Trustee Fees	$	44,863	$	26,483	$	13,880	$	40,363	$	44,863	
Management Fees	$	46,350	$	27,038	$	19,313	$	46,350	$	48,668	
Information Technology	$	2,064	$	1,204	$	860	$	2,064	$	2,167	
Website Maintenance	$	1,376	$	803	$	573	$	1,376	$	1,445	
Telephone	$	300	$	-	$	125	$	125	$	300	
Postage	$	1,000	$	435	$	417	$	851	$	1,000	
Insurance	$	8,810	$	7,029	$	-	$	7,029	$	7,732	
Printing & Binding	$	3,000	$	400	$	400	$	800	$	3,000	
Legal Advertising	$	3,800	$	1,289	$	3,000	$	4,289	$	3,800	
Other Current Charges	$	2,000	$	499	$	450	$	949	$	2,000	
Property Appraiser Fees	$	600	$	1,800	$	-	$	1,800	$	1,800	
Office Supplies	$	300	$	4	$	10	$	14	$	300	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative:	$	207,920	$	124,993	$	69,177	$	194,169	$	217,455	

Operations & Maintenance						
Contract Services
Field Management	
$	24,797	
$	20,055	
$	10,332	
$	30,387	
$	26,037	
Amenities Management	$	144,664	$	84,387	$	60,277	$	144,664	$	151,897	
Landscape Maintenance	$	604,509	$	296,274	$	219,672	$	515,946	$	610,000	
Lake Maintenance	$	30,240	$	24,873	$	20,000	$	44,873	$	50,720	
Pool Maintenance	$	42,300	$	16,885	$	15,750	$	32,635	$	37,800	
Pest Control	$	1,440	$	564	$	360	$	924	$	1,996	
Fitness Equipment Maintenance	$	-	$	-	$	-	$	-	$	3,220	
Janitorial Services	$	41,460	$	12,376	$	12,000	$	24,376	$	28,560	
Contract Services Subtotal:	$	889,410	$	455,414	$	338,391	$	793,805	$	910,230	

	Adopted Budget	Actual thru	Projected Next 5	Total thru	Proposed Budget	
Description	FY2026	4/30/26	Months	9/30/26	FY2027	

Repairs & Maintenance						
Landscape Replacement	$	30,000	$	4,880	$	45,000	$	49,880	$	50,000	
Mulch	$	50,000	$	66,677	$	-	$	66,677	$	-	
Tree Removal & Replacement	$	35,000	$	13,437	$	21,563	$	35,000	$	35,000	
Irrigation Repairs	$	5,000	$	6,219	$	2,083	$	8,303	$	10,000	
General Repairs & Maintenance	$	10,000	$	-	$	4,167	$	4,167	$	10,000	
Sidewalk Maintenance	$	3,000	$	-	$	1,250	$	1,250	$	3,000	
Signage	$	1,500	$	-	$	625	$	625	$	1,500	
Walls & Monument Repair	$	1,500	$	-	$	625	$	625	$	1,500	
Pressure Washing	$	17,500	$	-	$	17,500	$	17,500	$	17,500	
Fencing	$	1,500	$	-	$	625	$	625	$	1,500	
Repairs & Maintenance Subtotal:	$	155,000	$	91,214	$	93,438	$	184,652	$	130,000	

Utilities						
Amenity Center - Electric	$	38,280	$	13,002	$	16,500	$	29,502	$	44,000	
Amenity Center - Water	$	26,400	$	26,281	$	20,500	$	46,781	$	55,000	
Electric	$	2,500	$	1,320	$	1,250	$	2,570	$	3,500	
Water & Sewer	$	120,000	$	59,601	$	50,000	$	109,601	$	130,000	
Streetlights	$	134,436	$	72,720	$	53,635	$	126,355	$	144,024	
Internet	$	-	$	345	$	575	$	920	$	1,560	
Utilities Subtotal:	$	321,616	$	173,270	$	142,460	$	315,730	$	378,084	

Amenities						
Property Insurance	$	54,366	$	43,413	$	-	$	43,413	$	45,881	
Pool Attendants	$	32,400	$	1,262	$	9,000	$	10,262	$	32,400	
Facility Maintenance	$	113,750	$	66,354	$	47,396	$	113,750	$	119,438	
Pool Repairs & Maintenance	$	45,000	$	20,204	$	17,500	$	37,704	$	45,000	
Pool Permits	$	650	$	375	$	375	$	750	$	750	
Access Cards & Equipment Supplies	$	6,600	$	2,579	$	3,300	$	5,879	$	3,300	
Fire Alarm & Security Monitoring	$	840	$	245	$	175	$	420	$	840	
Fire Alarm & Security Monitoring Repairs	$	2,000	$	1,000	$	833	$	1,833	$	2,000	
Fire Extinguisher Inspections	$	150	$	-	$	200	$	200	$	200	
Amenity Signage	$	4,000	$	3,106	$	4,000	$	7,106	$	2,000	
Repairs & Maintenance	$	15,000	$	5,588	$	6,250	$	11,838	$	20,000	
Office Supplies	$	2,000	$	402	$	750	$	1,152	$	2,500	
Operating Supplies	$	6,000	$	8,817	$	3,000	$	11,817	$	10,000	
Doggie Pots	$	3,500	$	144	$	1,458	$	1,602	$	3,500	
Special Events	$	35,000	$	11,771	$	8,000	$	19,771	$	20,000	
Termite Bond	$	618	$	-	$	618	$	618	$	1,204	
Holiday Décor	$	15,794	$	5,100	$	-	$	5,100	$	10,100	
Amenities Subtotal:	$	337,668	$	170,360	$	102,856	$	273,216	$	319,113	
Other						
Contingency	$	25,000	$	4,067	$	20,933	$	25,000	$	25,000	
Capital Reserve	$	50,000	$	50,000	$	-	$	50,000	$	50,000	
Other Subtotal:	$	75,000	$	54,067	$	20,933	$	75,000	$	75,000	
						
Total Operations & Maintenance:	$ 1,778,694	$	944,326	$	698,077	$ 1,642,403	$ 1,812,426	
						
Total Expenditures	$ 1,986,614	$ 1,069,319	$	767,254	$ 1,836,572	$ 2,029,881	
						
Excess Revenues/(Expenditures)	$	-	$	721,145	$	(700,555)	$	20,590	$	-	

Tohoqua Community Development District General Fund - Increased Assessments

Product	Assessable Units	
ERU	Total ERU's	FY27 Net
Assessment	FY 27 Gross Assessment	FY 27 Net
Per Unit	FY27 Gross Per Unit	FY26 Gross Per Unit	
Increase	
Phase 1 - Mattamy - Tax Roll										
Townhome	101	0.6	60.6	$	67,368	$	71,668	$667.01	$709.58	$647.07	$62.51	
Single-Family 40'	69	0.8	55.2	$	61,365	$	65,282	$889.35	$946.11	$862.76	$83.35	
Single-Family 45'	97	0.9	87.3	$	97,050	$	103,244	$1,000.51	$1,064.38	$970.61	$93.77	
Single-Family 55'	61	1.1	67.1	$	74,594	$	79,355	$1,222.85	$1,300.90	$1,186.30	$114.61	
Single-Family 70'	1	1.4	1.4	$	1,556	$	1,656	$1,556.35	$1,655.70	$1,509.83	$145.87	
Total Phase 1 - Mattamy	329		271.6	$	301,933	$	321,205					
Phase 2 - Lennar - Tax Roll										
Single-Family 32'	115	0.65	74.8	$	83,098	$	88,402	$722.59	$768.72	$700.99	$67.72	
Single-Family 50'	112	1	112.0	$	124,508	$	132,456	$1,111.68	$1,182.64	$1,078.45	$104.19	
Total Phase 2 - Lennar	227		186.8	$	207,607	$	220,858					
Phase 3 - Lennar - Tax Roll										
Townhome	61	0.6	36.6	$	40,688	$	43,285	$667.01	$709.58	$647.07	$62.51	
Single-Family 32'	46	0.65	29.9	$	33,239	$	35,361	$722.59	$768.72	$700.99	$67.72	
Single-Family 50'	48	1	48.0	$	53,361	$	56,767	$1,111.68	$1,182.64	$1,078.45	$104.19	
Total Phase 3 - Lennar	155		114.5	$	127,288	$	135,412					
Phase 4A/5A - Pulte - Tax Roll										
Multi-Family-Duplex	68	0.6	40.8	$	45,357	$	48,252	$667.01	$709.58	$647.07	$62.51	
Single-Family 32'	57	0.65	37.1	$	41,188	$	43,817	$722.59	$768.72	$700.99	$67.72	
Single-Family 40'	37	0.8	29.6	$	32,906	$	35,006	$889.35	$946.11	$862.76	$83.35	
Single-Family 50'	87	1	87.0	$	96,716	$	102,890	$1,111.68	$1,182.64	$1,078.45	$104.19	
Total Phase 4A/5A - Pulte	249		194.5	$	216,167	$	229,964					
Phase 4B - Pulte - Tax Roll										
Single-Family 32'	67	0.65	43.6	$	48,414	$	51,504	$722.59	$768.72	$700.99	$67.72	
Single-Family 40'	38	0.8	30.4	$	33,795	$	35,952	$889.35	$946.11	$862.76	$83.35	
Single-Family 50'	21	1	21.0	$	23,345	$	24,835	$1,111.68	$1,182.64	$1,078.45	$104.19	
Total Phase 4B - Pulte	126		95.0	$	105,554	$	112,292					
Phase 5B- Pulte - Direct										
Multi-Family-Duplex	72	0.6	43.2	$	48,025	$	51,090	$667.01	$709.58	$647.07	$62.51	
Single-Family 50'	61	1	61.0	$	67,813	$	72,141	$1,111.68	$1,182.64	$1,078.45	$104.19	
Total Phase 5B - Pulte	133		104.2	$	115,837	$	123,231					
Phase 6 - Lennar - Tax Roll										
Townhome	61	0.6	36.6	$	40,688	$	43,285	$667.01	$709.58	$647.07	$62.51	
Total Phase 6 - Lennar	61		36.6	$	40,688	$	43,285					
Phase 4C - Pulte - Tax Roll										
Townhome	90	0.6	54.0	$	60,031	$	63,863	$667.01	$709.58	$647.07	$62.51	
Single-Family 32'	25	0.65	16.3	$	18,065	$	19,218	$722.59	$768.72	$700.99	$67.72	
Single-Family 40'	102	0.8	81.6	$	90,713	$	96,503	$889.35	$946.11	$862.76	$83.35	
Single-Family 50'	32	1	32.0	$	35,574	$	37,844	$1,111.68	$1,182.64	$1,078.45	$104.19	
Total Phase 4C - Pulte	249		183.9	$	204,383	$	217,428					
Phase 7 - Lennar - Tax Roll										
Townhome	95	0.6	57.0	$	63,366	$	67,410	$667.01	$709.58	$647.07	$62.51	
Single-Family 32'	123	0.65	80.0	$	88,879	$	94,552	$722.59	$768.72	$700.99	$67.72	
Single-Family 50'	116	1	116.0	$	128,955	$	137,186	$1,111.68	$1,182.64	$1,078.45	$104.19	
Total Phase 7 - Lennar	334		253.0	$	281,200	$	299,149					
Phase 8 - Pulte - Tax Roll										
Townhome	65	0.6	39.0	$	43,356	$	46,123	$667.01	$709.58	$647.07	$62.51	
Single-Family 32'	164	0.65	106.6	$	118,505	$	126,069	$722.59	$768.72	$700.99	$67.72	
Single-Family 40'	126	0.8	100.8	$	112,058	$	119,210	$889.35	$946.11	$862.76	$83.35	
Single-Family 50'	91	1	91.0	$	101,163	$	107,620	$1,111.68	$1,182.64	$1,078.45	$104.19	
Total Phase 8 - Pulte	446		337.4	$	375,081	$	399,023					
										
Total Tax Roll	2309		1777.3	$	1,975,736	$	2,101,847					

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

Represents interest income earned on excess funds invested through the State Board of Administration and funds held in the District’s operating accounts with Truist.

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 compensation.

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, Series 2024 Phase 7 and Series 2025 Phase 8 bonds.

Dissemination

The District is required by the Securities 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, Series 2023 Phase 4C, Series 2024 Phase 7 and Series 2025 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

Represents estimated costs associated with telephone and communication services utilized for District operations.

Postage

Represents costs associated with mailing of agenda packages, overnight deliveries, and general correspondence for District operations and official communications.

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

Represents costs associated with printing and binding of Board meeting agenda packages, printing of computerized checks, and procurement of stationery, envelopes, and other administrative materials used in District operations.

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

Represents bank charges and other miscellaneous expenses incurred during the fiscal year.

Property Appraiser Fees

Represents fees paid to the Osceola County Property Appraisers Office.

Office Supplies

Represents costs for office supplies purchased during the fiscal year, including paper, file folders, labels, and other administrative materials.

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 anticipating a new service provider for the upcoming year.

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	
Contingency	$5,491	
Total	$610,000	

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 and Aquatic Weed Management for these services.

Description	Monthly	Annually	
Sunshine Land Management:	
Pond Maintenance	$2,320	$27,840	
Dump Fees	$200	$2,400	
Littoral Plant Replacement	----	$4,650	
Aquatic Weed Management:	
PH5 Amenity Start Up Charge	----	$5,985	
PH5 Amenity Pond Maintenance – x11 Months	$895	$9,845	
Total		$50,720	

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	$1,250		$15,000 	
Total		$37,800	

Pest Control

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

Description	Monthly	Annually	
Pest Control	$157	$1,884	
One Time Fee – Phase 4C			$112 	
Total		$1,996	

Janitorial Services

Represents costs associated with janitorial services for the District’s amenity facilities, provided by Westwood Interior Cleaning Inc., including routine cleaning and maintenance to support facility upkeep.

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.

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 electric utility costs for the District’s pool facilities, provided by Kissimmee Utility Authority (KUA).

Amenity Center – Water

Represents water utility costs for the District’s pool facilities, provided by Toho Water Authority.

Electric

Represents electric utility costs for common areas throughout the District, provided by Kissimmee Utility Authority (KUA).

Water & Sewer

Represents costs for water and refuse services for common areas throughout the District, provided by Toho Water Authority.

Streetlights

Represents costs associated with street lighting services for streetlights currently installed and anticipated to be installed within the District boundaries, provided by Kissimmee Utility Authority (KUA).

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 2027		
Adopted	Actual	Projected	Total	Proposed	
Budget	thru	Next 5	thru	Budget	
Description	FY2026	4/30/26	Months	9/30/26	FY2027	

Revenues						
Carry Forward Surplus	$	78,038	$	78,104	$	-	$	78,104	$	131,089	
Interest	$	497	$	1,741	$	1,244	$	2,985	$	1,492	
Transfer In	$	50,000	$	50,000	$	-	$	50,000	$	50,000	
Total Revenues	$	128,535	$	129,845	$	1,244	$	131,089	$	182,581	

Expenditures						

Capital Outlay	
$	
-	
$	
-	
$	
-	
$	
-	
$	
128,084	
Total Expenditures	$	-	$	-	$	-	$	-	$	128,084	

Excess Revenues/(Expenditures)	$	128,535	$	129,845	$	1,244	$	131,089	$	54,497

Debt Service Fund - Series 2018 Fiscal Year 2027

	Adopted Budget	Actual thru	Projected Next 5	Total thru	Proposed Budget	
Description	FY2026	4/30/26	Months	9/30/26	FY2027	

Revenues						
Special Assessments	$	137,458	$	136,755	$	703	$	137,458	$	137,458	
Interest	$	3,473	$	4,059	$	1,740	$	5,799	$	2,900	
Carry Forward Surplus	$	92,809	$	94,284	$	-	$	94,284	$	102,636	
Total Revenues	$	233,740	$	235,099	$	2,442	$	237,541	$	242,994	

Expenditures						
Interest Payment - 11/01	$	44,953	$	44,953	$	-	$	44,953	$	43,895	
Principal Payment - 05/01	$	45,000	$	-	$	45,000	$	45,000	$	50,000	
Interest Payment - 05/01	$	44,953	$	-	$	44,953	$	44,953	$	43,895	
Total Expenditures	$	134,905	$	44,953	$	89,953	$	134,905	$	137,790	
						
Excess Revenues/(Expenditures)	$	98,835	$	190,146	$	(87,510)	$	102,636	$	105,204	

1. Carry forward surplus is net of Reserves.

  Interest 11/1/27	$42,720	

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	
									
11/01/26	$	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	
			$	1,890,000.00	$	1,267,915.00	$	3,248,925.00	

Debt Service Fund - Series 2021 Phase 2 Fiscal Year 2027

	Adopted Budget	Actual thru	Projected Next 5	Total thru	Proposed Budget	
Description	FY2026	4/30/26	Months	9/30/26	FY2027	

Revenues						
Special Assessments	$	144,764	$	143,257	$	1,507	$	144,764	$	144,764	
Interest	$	3,203	$	3,803	$	1,630	$	5,433	$	2,717	
Carry Forward Surplus	$	74,851	$	89,328	$	-	$	89,328	$	79,707	
Total Revenues	$	222,817	$	236,389	$	3,137	$	239,526	$	227,188	

Expenditures						
Interest Payment - 11/01	$	42,409	$	42,409	$	-	$	42,409	$	41,697	
Special Call - 11/01	$	-	$	15,000	$	-	$	15,000	$	-	
Principal Payment - 05/01	$	60,000	$	-	$	60,000	$	60,000	$	60,000	
Interest Payment - 05/01	$	42,409	$	-	$	42,409	$	42,409	$	41,697	
Total Expenditures	$	144,819	$	57,409	$	102,409	$	159,819	$	143,394	
						
Excess Revenues/(Expenditures)	$	77,999	$	178,979	$	(99,273)	$	79,707	$	83,794	

1. Carry forward surplus is net of Reserves.

  Interest 11/1/27	$40,834	

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	
									
11/01/26	$	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	
			$	2,360,000.00	$	1,387,393.75	$	3,845,456.25	

Debt Service Fund - Series 2021 Phase 4A/5A Fiscal Year 2027

	Adopted Budget	Actual thru	Projected Next 5	Total thru	Proposed Budget	
Description	FY2026	4/30/26	Months	9/30/26	FY2027	

Revenues						
Special Assessments	$	150,700	$	149,934	$	766	$	150,700	$	150,700	
Interest	$	3,299	$	3,968	$	1,700	$	5,668	$	2,834	
Carry Forward Surplus	$	76,924	$	78,206	$	-	$	78,206	$	84,015	
Total Revenues	$	230,924	$	232,108	$	2,466	$	234,575	$	237,549	

Expenditures						
Interest Payment - 11/01	$	45,280	$	45,280	$	-	$	45,280	$	44,530	
Principal Payment - 05/01	$	60,000	$	-	$	60,000	$	60,000	$	60,000	
Interest Payment - 05/01	$	45,280	$	-	$	45,280	$	45,280	$	44,530	
Total Expenditures	$	150,560	$	45,280	$	105,280	$	150,560	$	149,060	
						
Excess Revenues/(Expenditures)	$	80,364	$	186,828	$	(102,814)	$	84,015	$	88,489	

1. Carry forward surplus is net of Reserves.

  Interest 11/1/27	$43,593	

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	
									
11/01/26	$	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	
			$	2,440,000.00	$	1,466,521.25	$	4,007,488.75	

Debt Service Fund - Series 2022 Phase 3A/6A Fiscal Year 2027

	Adopted Budget	Actual thru	Projected Next 5	Total thru	Proposed Budget	
Description	FY2026	4/30/26	Months	9/30/26	FY2027	

Revenues						
Special Assessments	$	150,950	$	150,182	$	768	$	150,950	$	150,950	
Interest	$	2,270	$	2,181	$	935	$	3,116	$	1,558	
Carry Forward Surplus	$	73,692	$	136,128	$	-	$	136,128	$	82,406	
Total Revenues	$	226,912	$	288,491	$	1,703	$	290,194	$	234,914	

Expenditures						
Interest Payment - 11/01	$	58,704	$	58,704	$	-	$	58,704	$	57,954	
Principal Payment - 05/01	$	30,000	$	-	$	30,000	$	30,000	$	35,000	
Interest Payment - 05/01	$	58,704	$	-	$	58,704	$	58,704	$	57,954	
Total Expenditures	$	147,408	$	58,704	$	88,704	$	147,408	$	150,908	

Other Financing Sources/(Uses)						
Transfer In/(Out)	$	-	$	(60,380)	$	-	$	(60,380)	$	-	
Total Other Financing Sources/(Uses)	$	-	$	(60,380)	$	-	$	(60,380)	$	-	
						
Excess Revenues/(Expenditures)	$	79,505	$	169,407	$	(87,001)	$	82,406	$	84,006	

1. Carry forward surplus is net of Reserves.

  Interest 11/1/27	$57,079	

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	
									
11/01/26	$	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	
			$	2,060,000.00	$	2,157,332.50	$	4,306,786.25	

Debt Service Fund - Series 2023 Phase 4B/5B Fiscal Year 2027

	Adopted Budget	Actual thru	Projected Next 5	Total thru	Proposed Budget	
Description	FY2026	4/30/26	Months	9/30/26	FY2027	

Revenues						
Special Assessments	$	153,425	$	152,645	$	780	$	153,425	$	153,425	
Interest	$	2,777	$	2,408	$	1,032	$	3,440	$	1,720	
Carry Forward Surplus	$	70,732	$	70,981	$	-	$	70,981	$	73,235	
Total Revenues	$	226,934	$	226,033	$	1,812	$	227,846	$	228,380	

Expenditures						
Interest Payment - 11/01	$	58,485	$	58,485	$	-	$	58,485	$	57,698	
Principal Payment - 05/01	$	35,000	$	-	$	35,000	$	35,000	$	35,000	
Interest Payment - 05/01	$	58,485	$	-	$	58,485	$	58,485	$	57,698	
Total Expenditures	$	151,970	$	58,485	$	93,485	$	151,970	$	150,395	

Other Financing Sources/(Uses)						
Transfer In/(Out)	$	-	$	(1,641)	$	(1,000)	$	(2,641)	$	-	
Total Other Financing Sources/(Uses)	$	-	$	(1,641)	$	(1,000)	$	(2,641)	$	-	
						
Excess Revenues/(Expenditures)	$	74,964	$	165,908	$	(92,673)	$	73,235	$	77,985	

1. Carry forward surplus is net of Reserves.

  Interest 11/1/27	$56,910	

Net Assessments	$153,425 Add: Discounts & Collection 		$9,793 
Gross Assessments 	$163,218 

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	$503.29	$535.41	
Single-Family 40'	38	$	23,538	$619.42	$658.96	
Single-Family 50'	81	$	62,718	$774.30	$823.72	
	258	$	153,425			

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

Date		Balance		Principal		Interest		Total	
									
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	
			$	2,155,000.00	$	2,132,825.00	$	4,382,097.50	

Debt Service Fund - Series 2023 Phase 4C Fiscal Year 2027

	Adopted Budget	Actual thru	Projected Next 5	Total thru	Proposed Budget	
Description	FY2026	4/30/26	Months	9/30/26	FY2027	

Revenues						
Special Assessments	$	142,307	$	141,584	$	724	$	142,307	$	142,307	
Interest	$	2,859	$	3,397	$	1,456	$	4,853	$	2,427	
Carry Forward Surplus	$	65,544	$	66,782	$	-	$	66,782	$	71,603	
Total Revenues	$	210,711	$	211,763	$	2,180	$	213,943	$	216,337	

Expenditures						
Interest Payment - 11/01	$	56,170	$	56,170	$	-	$	56,170	$	55,420	
Principal Payment - 05/01	$	30,000	$	-	$	30,000	$	30,000	$	30,000	
Interest Payment - 05/01	$	56,170	$	-	$	56,170	$	56,170	$	55,420	
Total Expenditures	$	142,340	$	56,170	$	86,170	$	142,340	$	140,840	
						
Excess Revenues/(Expenditures)	$	68,371	$	155,593	$	(83,990)	$	71,603	$	75,497	

1. Carry forward surplus is net of Reserves.

  Interest 11/1/27	$54,670	

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	
									
11/01/26	$	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	
			$	1,965,000.00	$	2,148,880.00	$	4,195,675.00	

Debt Service Fund - Series 2024 Phase 7 Fiscal Year 2027

	Adopted Budget	Actual thru	Projected Next 5	Total thru	Proposed Budget	
Description	FY2026	4/30/26	Months	9/30/26	FY2027	

Revenues						
Special Assessments	$	324,110	$	322,461	$	1,649	$	324,110	$	324,110	
Interest	$	6,266	$	7,615	$	3,264	$	10,878	$	5,439	
Carry Forward Surplus	$	142,570	$	145,417	$	-	$	145,417	$	157,577	
Total Revenues	$	472,946	$	475,493	$	4,913	$	480,406	$	487,126	

Expenditures						
Interest Payment - 11/01	$	126,414	$	126,414	$	-	$	126,414	$	124,839	
Principal Payment - 05/01	$	70,000	$	-	$	70,000	$	70,000	$	75,000	
Interest Payment - 05/01	$	126,414	$	-	$	126,414	$	126,414	$	124,839	
Total Expenditures	$	322,829	$	126,414	$	196,414	$	322,829	$	324,679	
						
Excess Revenues/(Expenditures)	$	150,117	$	349,078	$	(191,502)	$	157,577	$	162,447	

1. Carry forward surplus is net of Reserves.

 Interest 11/1/27	$123,152	

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	
									
11/01/26	$	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	
			$	4,655,000.00	$	4,821,182.50	$	9,669,059.38	

Debt Service Fund - Series 2025 Phase 8 Fiscal Year 2027

	Adopted Budget	Actual thru	Projected Next 5	Total thru	Proposed Budget	
Description	FY2026	4/30/26	Months	9/30/26	FY2027	

Revenues						
Special Assessments	$	-	$	160,036	$	98,086	$	258,122	$	261,550	
Interest	$	-	$	1,789	$	767	$	2,556	$	1,278	
Carry Forward Surplus	$	-	$	-	$	-	$	-	$	101,531	
Total Revenues	$	-	$	161,825	$	98,853	$	260,678	$	364,359	

Expenditures				
Interest Payment - 11/01	$	-	$	-	$	-	$	-	$	98,975	
Principal Payment - 05/01	$	-	$	-	$	65,000	$	65,000	$	60,000	
Interest Payment - 05/01	$	-	$	-	$	94,147	$	94,147	$	98,975	
Total Expenditures	$	-	$	-	$	159,147	$	159,147	$	257,950	

Other Financing Sources/(Uses)											
Bond Proceeds	$	-	$	130,775	$	-	$	130,775	$	-	
Total Other Financing Sources/(Uses)	$	-	$	130,775	$	-	$	130,775	$	-	
											
Excess Revenues/(Expenditures)	$	-	$	292,600	$	(60,294)	$	232,306	$	106,409	

1. Carry forward surplus is net of Reserves.

 Interest 11/1/27	$97,775	

Net Assessments	$261,550 Add: Discounts & Collection 		$16,695 
Gross Assessments 	$278,245 

Product Type	

No. of Units	
Annual Debt Service	Per Unit
Net Debt Assessment	Per Unit
Gross Debt Assessment	
Townhouse	65	$	30,233	$465.12	$494.80	
Single-Family 32'	164	$	82,636	$503.88	$536.04	
Single-Family 40'	126	$	78,139	$620.15	$659.74	
Single-Family 50'	91	$	70,543	$775.19	$824.67	
	446	$	261,550			

Series 2025 Special Assessment Bonds Phase 8 Amortization Schedule

Date		Balance		Principal		Interest		Total	
									
11/01/26	$	3,550,000.00	$	-	$	98,975.00	$	258,122.08	
05/01/27	$	3,550,000.00	$	60,000.00	$	98,975.00			
11/01/27	$	3,550,000.00	$	-	$	97,775.00	$	256,750.00	
05/01/28	$	3,550,000.00	$	65,000.00	$	97,775.00			
11/01/28	$	3,550,000.00	$	-	$	96,475.00	$	259,250.00	
05/01/29	$	3,550,000.00	$	70,000.00	$	96,475.00			
11/01/29	$	3,550,000.00	$	-	$	95,075.00	$	261,550.00	
05/01/30	$	3,550,000.00	$	70,000.00	$	95,075.00			
11/01/30	$	3,150,000.00	$	-	$	93,675.00	$	258,750.00	
05/01/31	$	3,150,000.00	$	75,000.00	$	93,675.00			
11/01/31	$	3,150,000.00	$	-	$	92,081.25	$	260,756.25	
05/01/32	$	3,150,000.00	$	75,000.00	$	92,081.25			
11/01/32	$	3,150,000.00	$	-	$	90,487.50	$	257,568.75	
05/01/33	$	3,150,000.00	$	80,000.00	$	90,487.50			
11/01/33	$	3,150,000.00	$	-	$	88,787.50	$	259,275.00	
05/01/34	$	3,150,000.00	$	85,000.00	$	88,787.50			
11/01/34	$	3,150,000.00	$	-	$	86,981.25	$	260,768.75	
05/01/35	$	3,150,000.00	$	85,000.00	$	86,981.25			
11/01/35	$	3,150,000.00	$	-	$	85,175.00	$	257,156.25	
05/01/36	$	3,150,000.00	$	90,000.00	$	85,175.00			
11/01/36	$	3,060,000.00	$	-	$	82,812.50	$	257,987.50	
05/01/37	$	3,060,000.00	$	95,000.00	$	82,812.50			
11/01/37	$	2,965,000.00	$	-	$	80,318.75	$	258,131.25	
05/01/38	$	2,965,000.00	$	100,000.00	$	80,318.75			
11/01/38	$	2,865,000.00	$	-	$	77,693.75	$	258,012.50	
05/01/39	$	2,865,000.00	$	105,000.00	$	77,693.75			
11/01/39	$	2,760,000.00	$	-	$	74,937.50	$	257,631.25	
05/01/40	$	2,760,000.00	$	110,000.00	$	74,937.50			
11/01/40	$	2,650,000.00	$	-	$	72,050.00	$	256,987.50	
05/01/41	$	2,650,000.00	$	120,000.00	$	72,050.00			
11/01/41	$	2,405,000.00	$	-	$	68,900.00	$	260,950.00	
05/01/42	$	1,990,000.00	$	125,000.00	$	68,900.00			
11/01/42	$	1,990,000.00	$	-	$	65,618.75	$	259,518.75	
05/01/43	$	1,990,000.00	$	130,000.00	$	65,618.75			
11/01/43	$	1,990,000.00	$	-	$	62,206.25	$	257,825.00	
05/01/44	$	1,990,000.00	$	140,000.00	$	62,206.25			
11/01/44	$	1,990,000.00	$	-	$	58,531.25	$	260,737.50	
05/01/45	$	1,990,000.00	$	145,000.00	$	58,531.25			
11/01/45	$	1,990,000.00	$	-	$	54,725.00	$	258,256.25	
05/01/46	$	1,990,000.00	$	155,000.00	$	54,725.00			
11/01/46	$	1,835,000.00	$	-	$	50,462.50	$	260,187.50	
05/01/47	$	1,835,000.00	$	165,000.00	$	50,462.50			
11/01/47	$	1,670,000.00	$	-	$	45,925.00	$	261,387.50	
05/01/48	$	1,670,000.00	$	170,000.00	$	45,925.00			
11/01/48	$	1,500,000.00	$	-	$	41,250.00	$	257,175.00	
05/01/49	$	1,500,000.00	$	180,000.00	$	41,250.00			
11/01/49	$	1,320,000.00	$	-	$	36,300.00	$	257,550.00	
05/01/50	$	1,320,000.00	$	190,000.00	$	36,300.00			
11/01/50	$	1,130,000.00	$	-	$	31,075.00	$	257,375.00	
05/01/51	$	1,130,000.00	$	200,000.00	$	31,075.00	$	-	
11/01/51	$	930,000.00	$	-	$	25,575.00	$	256,650.00	
05/01/52	$	930,000.00	$	215,000.00	$	25,575.00	$	-	
11/01/52	$	715,000.00	$	-	$	19,662.50	$	260,237.50	
05/01/53	$	715,000.00	$	225,000.00	$	19,662.50	$	-	
11/01/53	$	490,000.00	$	-	$	13,475.00	$	258,137.50	
05/01/54	$	490,000.00	$	240,000.00	$	13,475.00	$	-	
11/01/54	$	250,000.00	$	-	$	6,875.00	$	260,350.00	
05/01/55	$	250,000.00	$	250,000.00	$	6,875.00	$	256,875.00	
			$	3,880,000.00	$	3,881,909.58	$	7,761,909.58