Rhodine Road North
Community Development District

Proposed Budget
FY2023

Table of Contents

1-2	General Fund	

3-8	

General Fund Narrative	

9	

Series 2019 Debt Service Fund	

10-11	

Series 2019 Amortization Schedule	

12	

Series 2022 Debt Service Fund	

13-14	

Series 2022 Amortization Schedule	

15	

Capital Reserve Fund	

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

Revenues						
Assessments - Tax Roll	$	337,516	$	328,145	$	9,371	$	337,516	$	337,517	
Assessments - Direct	$	56,856	$	42,641	$	14,215	$	56,856	$	162,446	
Boundary Amendment Contributions	$	-	$	5,284	$	-	$	5,284	$	-	
Other Income	$	-	$	3,120	$	-	$	3,120	$	-	
Total Revenues	$	394,372	$	379,190	$	23,586	$	402,776	$	499,963	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	2,600	
$	7,000	
$	9,600	
$	12,000	
Engineering	$	20,000	$	118	$	11,667	$	11,784	$	20,000	
Attorney	$	30,000	$	8,880	$	10,500	$	19,380	$	30,000	
Annual Audit	$	4,500	$	-	$	4,500	$	4,500	$	6,100	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,000	
Arbitrage	$	900	$	-	$	900	$	900	$	900	
Dissemination	$	6,000	$	2,417	$	3,500	$	5,917	$	6,000	
Trustee Fees	$	7,100	$	2,788	$	4,312	$	7,100	$	7,100	
Management Fees	$	36,050	$	15,021	$	21,029	$	36,050	$	36,750	
Information Technology	$	1,800	$	750	$	1,050	$	1,800	$	1,800	
Website Maintenance	$	1,200	$	500	$	700	$	1,200	$	1,200	
Telephone	$	300	$	-	$	175	$	175	$	300	
Postage & Delivery	$	1,000	$	136	$	583	$	719	$	1,000	
Insurance	$	6,000	$	5,570	$	-	$	5,570	$	6,684	
Printing & Binding	$	1,000	$	20	$	583	$	603	$	1,000	
Legal Advertising	$	10,000	$	1,930	$	5,833	$	7,763	$	10,000	
Other Current Charges	$	5,000	$	665	$	2,917	$	3,581	$	5,000	
Office Supplies	$	625	$	11	$	365	$	376	$	625	
Travel Per Diem	$	660	$	-	$	385	$	385	$	660	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	149,310	$	46,581	$	75,999	$	122,580	$	152,294	

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

Operations & Maintenance Field Expenditures Property Insurance	

$	5,000	

$	5,775	

$	-	

$	5,775	

$	12,000	
Field Management	$	15,000	$	6,250	$	8,750	$	15,000	$	15,750	
Landscape Maintenance	$	80,650	$	33,854	$	47,046	$	80,900	$	92,650	
Landscape Replacement	$	5,000	$	-	$	2,917	$	2,917	$	18,500	
Lake Maintenance	$	9,180	$	3,825	$	5,355	$	9,180	$	12,180	
Streetlights	$	33,600	$	12,639	$	20,394	$	33,033	$	46,800	
Electric	$	3,000	$	221	$	350	$	571	$	3,000	
Water & Sewer	$	3,300	$	578	$	1,400	$	1,978	$	3,300	
Irrigation Repairs	$	5,000	$	150	$	2,917	$	3,067	$	5,000	
General Repairs & Maintenance	$	5,000	$	99	$	5,833	$	5,933	$	10,000	
Contingency	$	2,298	$	94	$	2,917	$	3,011	$	5,000	
Subtotal Field Expenditures	$	167,028	$	63,486	$	97,878	$	161,365	$	224,180	

Amenity Expenditures
Amenity - Electric	

$	14,400	

$	2,082	

$	3,150	

$	5,232	

$	5,400	
Amenity - Water	$	3,500	$	345	$	1,750	$	2,095	$	3,500	
Internet	$	3,000	$	245	$	420	$	665	$	1,000	
Playground/Furniture Lease	$	14,454	$	6,023	$	8,432	$	14,454	$	14,454	
Pest Control	$	720	$	-	$	420	$	420	$	720	
Janitorial Services	$	8,580	$	1,815	$	3,150	$	4,965	$	5,400	
Security Services	$	7,500	$	-	$	14,662	$	14,662	$	25,135	
Pool Maintenance	$	10,380	$	3,460	$	6,920	$	10,380	$	10,380	
Amenity Access Management	$	5,000	$	2,083	$	2,917	$	5,000	$	5,000	
Amenity Repairs & Maintenance	$	1,000	$	135	$	4,375	$	4,510	$	7,500	
Contingency	$	4,500	$	957	$	2,917	$	3,874	$	5,000	
Subtotal Amenity Expenditures	$	73,034	$	17,144	$	49,112	$	66,256	$	83,489	
						
Total Operations & Maintenance	$	240,062	$	80,630	$	146,990	$	227,621	$	307,669	

Other Expenditures
Capital Reserve - Transfer	

$	5,000	

$	-	

$	5,000	

$	5,000	

$	40,000	
Total Other Expenses	$	5,000	$	-	$	5,000	$	5,000	$	40,000	
						
Total Expenditures	$	394,372	$	127,211	$	227,989	$	355,200	$	499,963	
						
Excess Revenues/(Expenditures)	$	-	$	251,979	$	(204,403)	$	47,576	$	-	

Net Assessments	
$499,963	
Add: Discounts & Collections 6%	$31,913	
Gross Assessments	$531,876	

Assessable Units	
594	
Gross Per Unit Assessment	$895.41	

Revenues:

Assessments

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

Expenditures:

General & Administrative:

Supervisor Fees

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

Engineering

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

Attorney

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

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District is currently contracted with Grau & Associates for these services.

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 is contracted with AMTEC, an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2019 and 2022 bond series.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon the Series 2019 and 2022 bond series. Governmental Management Services – Central Florida, LLC completes these reporting requirements.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

Management Fees

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

Information Technology

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

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc. Governmental Management Services – Central Florida, LLC provides these services.

Telephone

Telephone and fax machine.

Postage & Delivery

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

Insurance

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

Printing & Binding

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

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

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

Travel Per Diem

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

Dues, Licenses & Subscriptions

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

Operations & Maintenance:

Field Expenditures

Property Insurance

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

Field Management

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.

Landscape Maintenance

The District has contracted with Cardinal Landscaping Services of Tampa to provide maintenance of the landscaping within the District. These services include mowing, edging, trimming, weed and disease control, fertilization, pest control, pruning, and irrigation inspections.
Description	Monthly	Annually	
Landscape Maintenance	$6,471	$77,650	
Landscape Maintenance - Amenity	$250	$3,000	
Estimated Additional Areas	$1,000		$12,000 	
Total		$92,650	

 Landscape Replacement

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

Lake Maintenance

The District has contracted with Remson Aquatics for the care and maintenance of its lakes which includes shoreline grass, brush and vegetation control.

Description	Monthly	Annually	
Lake Maintenance	$765	$9,180	
Estimated Additional Areas	$250		$3,000 	
Total		$12,180	

Streetlights

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

Electric

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

Water & Sewer

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

Irrigation Repairs

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

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas. These can include pressure washing, and repairs to fences, monuments, lighting and other assets.

Contingency

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

Amenity Expenditures

Amenity - Electric

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

Amenity – Water

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

Internet

Represents the cost of internet service for the amenity facility. These services are provided by Frontier.

Playground/Furniture Lease

The District has entered into a leasing agreement with Navitas, Inc. for a playground and pool furniture installed in the community.

Description	Monthly	Annually	
Playground & Furniture Lease
Total	$1,205		$14,454 
$14,454	

Pest Control

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

Janitorial Services

Represents the costs to provide janitorial services for the District’s amenity facilities three times a week. These services are provided by JNJ Cleaning Services.

Description	Monthly	Annually	
Janitorial Services
Total	$450		$5,400 
$5,400	

Security Services

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

Pool Maintenance

Suncoast Pool Service has been contracted to provide regular cleaning and treatments of the District’s pool. These services include chemical treatments, debris removal, vacuuming, tile cleaning, skimming and equipment operational checks.

Description	Monthly	Annually	
Pool Maintenance – 3 days per week
Total	$865		$10,380 
$10,380	

Amenity Access Management

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

Amenity Repairs & Maintenance

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

Contingency

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

Other Expenses:

Capital Reserve - Transfer

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

Proposed Budget
Series 2019 Debt Service Fund

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

Revenues						
Assessments - Tax Roll	$	509,963	$	493,640	$	16,323	$	509,963	$	507,737	
Assessments - Prepayments	$	-	$	29,875	$	-	$	29,875	$	-	
Interest	$	-	$	15	$	-	$	15	$	-	
Carry Forward Surplus	$	212,024	$	477,303	$	-	$	477,303	$	219,508	
Total Revenues	$	721,987	$  1,000,833	$	16,323	$  1,017,156	$	727,245	

Expenditures						
Interest Expense - 11/1	$	182,494	$	182,494	$	-	$	182,494	$	179,156	
Special Call - 2/1	$	-	$	30,000	$	-	$	30,000	$	-	
Interest Expense - 2/1	$	-	$	350	$	-	$	350	$	-	
Principal Expense - 5/1	$	145,000	$	-	$	145,000	$	145,000	$	150,000	
Interest Expense - 5/1	$	182,494	$	-	$	181,794	$	181,794	$	179,156	
Special Call - 5/1	$	-	$	-	$	5,000	$	5,000	$	-	
Total Expenditures	$	509,988	$	212,844	$	331,794	$	544,638	$	508,313	

Other Financing Sources/(Uses)
Transfer In/(Out)	

$	-	

$	(253,011)	

$	-	

$	(253,011)	

$	-	
Total Other Financing Sources/(Uses)	$	-	$	(253,011)	$	-	$	(253,011)	$	-	
						
Excess Revenues/(Expenditures)	$	211,999	$	534,978	$	(315,471)	$	219,508	$	218,932	

Interest Expense 11/1/23	 $	176,531 
Total	$	176,531

	Series	2019 Special Assessment Bonds Amortization Schedule		
Date		Balance	Prinicpal	Interest	Total	
					
11/01/22	$	7,925,000.00	$	-	$	179,156.25	$	179,156.25	
05/01/23	$	7,925,000.00	$	150,000.00	$	179,156.25		
11/01/23	$	7,775,000.00	$	-	$	176,531.25	$	505,687.50	
05/01/24	$	7,775,000.00	$	155,000.00	$	176,531.25		
11/01/24	$	7,620,000.00	$	-	$	173,818.75	$	505,350.00	
05/01/25	$	7,620,000.00	$	160,000.00	$	173,818.75		
11/01/25	$	7,460,000.00	$	-	$	170,618.75	$	504,437.50	
05/01/26	$	7,460,000.00	$	165,000.00	$	170,618.75		
11/01/26	$	7,295,000.00	$	-	$	167,318.75	$	502,937.50	
05/01/27	$	7,295,000.00	$	175,000.00	$	167,318.75		
11/01/27	$	7,120,000.00	$	-	$	163,818.75	$	506,137.50	
05/01/28	$	7,120,000.00	$	180,000.00	$	163,818.75		
11/01/28	$	6,940,000.00	$	-	$	160,218.75	$	504,037.50	
05/01/29	$	6,940,000.00	$	190,000.00	$	160,218.75		
11/01/29	$	6,750,000.00	$	-	$	156,418.75	$	506,637.50	
05/01/30	$	6,750,000.00	$	195,000.00	$	156,418.75		
11/01/30	$	6,555,000.00	$	-	$	152,518.75	$	503,937.50	
05/01/31	$	6,555,000.00	$	205,000.00	$	152,518.75		
11/01/31	$	6,350,000.00	$	-	$	147,906.25	$	505,425.00	
05/01/32	$	6,350,000.00	$	215,000.00	$	147,906.25		
11/01/32	$	6,135,000.00	$	-	$	143,068.75	$	505,975.00	
05/01/33	$	6,135,000.00	$	225,000.00	$	143,068.75		
11/01/33	$	5,910,000.00	$	-	$	138,006.25	$	506,075.00	
05/01/34	$	5,910,000.00	$	235,000.00	$	138,006.25		
11/01/34	$	5,675,000.00	$	-	$	132,718.75	$	505,725.00	
05/01/35	$	5,675,000.00	$	245,000.00	$	132,718.75		
11/01/35	$	5,430,000.00	$	-	$	127,206.25	$	504,925.00	
05/01/36	$	5,430,000.00	$	255,000.00	$	127,206.25		
11/01/36	$	5,175,000.00	$	-	$	121,468.75	$	503,675.00	
05/01/37	$	5,175,000.00	$	270,000.00	$	121,468.75		
11/01/37	$	4,905,000.00	$	-	$	115,393.75	$	506,862.50	
05/01/38	$	4,905,000.00	$	280,000.00	$	115,393.75		
11/01/38	$	4,625,000.00	$	-	$	109,093.75	$	504,487.50	
05/01/39	$	4,625,000.00	$	295,000.00	$	109,093.75		
11/01/39	$	4,330,000.00	$	-	$	102,456.25	$	506,550.00	
05/01/40	$	4,330,000.00	$	305,000.00	$	102,456.25		
11/01/40	$	4,025,000.00	$	-	$	95,593.75	$	503,050.00	
05/01/41	$	4,025,000.00	$	320,000.00	$	95,593.75		
11/01/41	$	3,705,000.00	$	-	$	87,993.75	$	503,587.50	
05/01/42	$	3,705,000.00	$	335,000.00	$	87,993.75		
11/01/42	$	3,370,000.00	$	-	$	80,037.50	$	503,031.25	
05/01/43	$	3,370,000.00	$	355,000.00	$	80,037.50		
11/01/43	$	3,015,000.00	$	-	$	71,606.25	$	506,643.75	
05/01/44	$	3,015,000.00	$	370,000.00	$	71,606.25		
11/01/44	$	2,645,000.00	$	-	$	62,818.75	$	504,425.00	

	Series	2019 Special Assessment Amortization Schedule	Bonds		
Date		Balance	Prinicpal	Interest	Total	

05/01/45	
$	
2,645,000.00	
$	390,000.00	
$	62,818.75		
11/01/45	$	2,255,000.00	$	-	$	53,556.25	$	506,375.00	
05/01/46	$	2,255,000.00	$	410,000.00	$	53,556.25		
11/01/46	$	1,845,000.00	$	-	$	43,818.75	$	507,375.00	
05/01/47	$	1,845,000.00	$	430,000.00	$	43,818.75		
11/01/47	$	1,415,000.00	$	-	$	33,606.25	$	507,425.00	
05/01/48	$	1,415,000.00	$	450,000.00	$	33,606.25		
11/01/48	$	965,000.00	$	-	$	22,918.75	$	506,525.00	
05/01/49	$	965,000.00	$	470,000.00	$	22,918.75		
11/01/49	$	495,000.00	$	-	$	11,756.25	$	504,675.00	
05/01/50	$	495,000.00	$	495,000.00	$	11,756.25	$	506,756.25	
			$	7,925,000.00	$	6,402,887.50	$	14,327,887.50	

Proposed Budget
Series 2022 Debt Service Fund

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

Revenues						
Assessments - Tax Roll Interest	$	-	$	-
$	-	$	
0	$	-	$	-
$	-	$	
0	$	260,220
$	-	
Carry Forward Surplus	$	-	$	-		$	-	$	-		$	82,063	
Total Revenues	$	-	$	0	$	-	$	0	$	342,283	

Expenditures						

Interest Expense - 11/1	
$	
-	
$	
-	
$	
-	
$	
-	
$	
82,063	
Principal Expense - 5/1	$	-	$	-	$	-	$	-	$	95,000	
Interest Expense - 5/1	$	-	$	-	$	43,767	$	43,767	$	82,063	
Total Expenditures	$	-	$	-	$	43,767	$	43,767	$	259,125	

Other Financing Sources/(Uses)
Bond Proceeds	

$	-	$	255,939	

$	-	

$	255,939	

$	-	
Total Other Financing Sources/(Uses)	$	-	$	255,939	$	-	$	255,939	$	-	
					
Excess Revenues/(Expenditures)	$	-	$	255,939	$	(43,767)	$	212,173	$	83,158	

Interest Expense 11/1/23	 $	80,828 
Total	$	80,828

Maximum Annual	Net Assessment Per	Gross Assessment
Product	Assessable Units	Debt Service	Unit	Per Unit	
Single Family 40	97	$	116,320	$1,199	$1,276	
Single Family 50	96	$	143,900	$1,499	$1,595	
	193	$	260,220			

	Series	2022 Special Assessment Bonds Amortization Schedule		
Date		Balance	Prinicpal	Interest	Total	
					
11/01/22	$	4,680,000.00	$	-	$	82,062.50	$	125,829.17	
05/01/23	$	4,680,000.00	$	95,000.00	$	82,062.50		
11/01/23	$	4,585,000.00	$	-	$	80,827.50	$	257,890.00	
05/01/24	$	4,585,000.00	$	95,000.00	$	80,827.50		
11/01/24	$	4,490,000.00	$	-	$	79,592.50	$	255,420.00	
05/01/25	$	4,490,000.00	$	100,000.00	$	79,592.50		
11/01/25	$	4,180,000.00	$	-	$	78,292.50	$	257,885.00	
05/01/26	$	4,180,000.00	$	105,000.00	$	78,292.50		
11/01/26	$	4,180,000.00	$	-	$	76,927.50	$	260,220.00	
05/01/27	$	4,180,000.00	$	105,000.00	$	76,927.50		
11/01/27	$	4,180,000.00	$	-	$	75,562.50	$	257,490.00	
05/01/28	$	4,180,000.00	$	110,000.00	$	75,562.50		
11/01/28	$	4,070,000.00	$	-	$	73,912.50	$	259,475.00	
05/01/29	$	4,070,000.00	$	110,000.00	$	73,912.50		
11/01/29	$	3,960,000.00	$	-	$	72,262.50	$	256,175.00	
05/01/30	$	3,960,000.00	$	115,000.00	$	72,262.50		
11/01/30	$	3,845,000.00	$	-	$	70,537.50	$	257,800.00	
05/01/31	$	3,845,000.00	$	120,000.00	$	70,537.50		
11/01/31	$	3,605,000.00	$	-	$	68,737.50	$	259,275.00	
05/01/32	$	3,605,000.00	$	120,000.00	$	68,737.50		
11/01/32	$	3,605,000.00	$	-	$	66,937.50	$	255,675.00	
05/01/33	$	3,605,000.00	$	125,000.00	$	66,937.50		
11/01/33	$	3,480,000.00	$	-	$	64,875.00	$	256,812.50	
05/01/34	$	3,480,000.00	$	130,000.00	$	64,875.00		
11/01/34	$	3,350,000.00	$	-	$	62,730.00	$	257,605.00	
05/01/35	$	3,350,000.00	$	135,000.00	$	62,730.00		
11/01/35	$	3,215,000.00	$	-	$	60,502.50	$	258,232.50	
05/01/36	$	3,215,000.00	$	140,000.00	$	60,502.50		
11/01/36	$	3,075,000.00	$	-	$	58,192.50	$	258,695.00	
05/01/37	$	3,075,000.00	$	145,000.00	$	58,192.50		
11/01/37	$	2,930,000.00	$	-	$	55,800.00	$	258,992.50	
05/01/38	$	2,930,000.00	$	150,000.00	$	55,800.00		
11/01/38	$	2,780,000.00	$	-	$	53,325.00	$	259,125.00	
05/01/39	$	2,780,000.00	$	155,000.00	$	53,325.00		
11/01/39	$	2,625,000.00	$	-	$	50,767.50	$	259,092.50	
05/01/40	$	2,625,000.00	$	160,000.00	$	50,767.50		
11/01/40	$	2,130,000.00	$	-	$	48,127.50	$	258,895.00	
05/01/41	$	2,130,000.00	$	165,000.00	$	48,127.50		
11/01/41	$	2,130,000.00	$	-	$	45,405.00	$	258,532.50	
05/01/42	$	2,130,000.00	$	170,000.00	$	45,405.00		
11/01/42	$	2,130,000.00	$	-	$	42,600.00	$	258,005.00	
05/01/43	$	2,130,000.00	$	175,000.00	$	42,600.00		
11/01/43	$	1,955,000.00	$	-	$	39,100.00	$	256,700.00	

	Series	2022 Special Assessment Amortization Schedule	Bonds		
Date		Balance	Prinicpal	Interest	Total	

05/01/44	
$	
1,955,000.00	
$	185,000.00	
$	39,100.00		
11/01/44	$	1,770,000.00	$	-	$	35,400.00	$	259,500.00	
05/01/45	$	1,770,000.00	$	190,000.00	$	35,400.00		
11/01/45	$	1,580,000.00	$	-	$	31,600.00	$	257,000.00	
05/01/46	$	1,580,000.00	$	200,000.00	$	31,600.00		
11/01/46	$	1,380,000.00	$	-	$	27,600.00	$	259,200.00	
05/01/47	$	1,380,000.00	$	205,000.00	$	27,600.00		
11/01/47	$	1,175,000.00	$	-	$	23,500.00	$	256,100.00	
05/01/48	$	1,175,000.00	$	215,000.00	$	23,500.00		
11/01/48	$	960,000.00	$	-	$	19,200.00	$	257,700.00	
05/01/49	$	960,000.00	$	225,000.00	$	19,200.00		
11/01/49	$	735,000.00	$	-	$	14,700.00	$	258,900.00	
05/01/50	$	735,000.00	$	235,000.00	$	14,700.00		
11/01/50	$	500,000.00	$	-	$	10,000.00	$	259,700.00	
05/01/51	$	500,000.00	$	245,000.00	$	10,000.00		
11/01/51	$	255,000.00	$	-	$	5,100.00	$	260,100.00	
05/01/52	$	255,000.00	$	255,000.00	$	5,100.00	$	260,100.00	
			$	4,680,000.00	$	3,148,355.00	$	7,872,121.67	

Proposed Budget Capital Reserve Fund

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

Revenues					
Interest	$	-	$	-	$	-	$	-	$	-	
Carry Forward Surplus	$	-	$	-	$	-	$	-	$	5,000	
Total Revenues	$	-	$	-	$	-	$	-	$	5,000	

Expenditures					
Capital Outlay	$	-	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	$	-	

Other Financing Sources/(Uses)
Transfer In/(Out)	

$	5,000	

$	-	$	5,000	

$	5,000	

$	40,000	
Total Other Financing Sources/(Uses)	$	5,000	$	-	$	5,000	$	5,000	$	40,000	
					
Excess Revenues/(Expenditures)	$	5,000	$	-	$	5,000	$	5,000	$	45,000