Rhodine Road North
Community Development District

Adopted Budget
FY2026

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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	Adopted Budget	
Description	FY2025	5/31/25	4 Months	9/30/25	FY2026	

Revenues						
Assessments - Tax Roll	$	628,057	$	628,680	$	-	$	628,680	$	628,057	
Assessments- Direct	$	-	$	-	$	-	$	-	$	9,403	
Boundary Amendment Contributions	$	-	$	6,806	$	-	$	6,806	$	-	
Interest Income	$	-	$	4,251	$	5,668	$	9,919	$	5,000	
Other Income	$	-	$	120	$	60	$	180	$	-	
Total Revenues	$	628,057	$	639,857	$	5,728	$	645,584	$	642,460	
Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	3,600	
$	4,000	
$	7,600	
$	12,000	
FICA Expense	$	-	$	275	$	306	$	581	$	918	
Engineering	$	12,500	$	-	$	4,167	$	4,167	$	12,500	
Attorney	$	20,000	$	4,951	$	6,667	$	11,618	$	20,000	
Annual Audit	$	6,800	$	5,300	$	-	$	5,300	$	4,900	
Assessment Administration	$	5,565	$	3,710	$	1,855	$	5,565	$	5,732	
Arbitrage	$	900	$	450	$	450	$	900	$	900	
Dissemination	$	6,678	$	4,702	$	2,226	$	6,928	$	7,678	
Trustee Fees	$	6,829	$	2,846	$	3,982	$	6,829	$	11,012	
Management Fees	$	45,000	$	30,000	$	15,000	$	45,000	$	46,350	
Information Technology	$	2,004	$	1,336	$	668	$	2,004	$	2,064	
Website Maintenance	$	1,336	$	891	$	445	$	1,336	$	1,402	
Postage & Delivery	$	500	$	160	$	167	$	327	$	500	
Insurance	$	6,817	$	4,421	$	2,272	$	6,693	$	7,750	
Copies	$	500	$	0	$	167	$	167	$	500	
Legal Advertising	$	2,500	$	1,264	$	5,000	$	6,264	$	5,000	
Other Current Charges	$	2,500	$	340	$	833	$	1,173	$	2,500	
Boundary Amendment Expenses	$	-	$	6,571	$	-	$	6,571	$	-	
Office Supplies	$	500	$	9	$	167	$	176	$	500	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	133,103	$	71,002	$	48,371	$	119,373	$	142,381	

Operations & Maintenance Field Expenditures Property Insurance	

$	12,000	

$	4,995	

$	2,498	

$	7,493	

$	13,200	
Field Management	$	17,530	$	11,687	$	5,843	$	17,530	$	18,056	
Landscape Maintenance	$	125,650	$	83,761	$	41,881	$	125,642	$	130,676	
Landscape Replacement	$	20,000	$	3,570	$	5,000	$	8,570	$	20,000	
Lake Maintenance	$	17,820	$	6,590	$	4,660	$	11,250	$	17,820	
Streetlights	$	82,680	$	42,382	$	21,191	$	63,574	$	80,000	
Electric	$	1,500	$	858	$	429	$	1,288	$	1,650	
Water & Sewer	$	20,000	$	1,888	$	944	$	2,832	$	20,000	
Irrigation Repairs	$	6,250	$	110	$	2,500	$	2,610	$	7,500	
General Repairs & Maintenance	$	12,500	$	28,855	$	7,500	$	36,355	$	15,000	
Contingency	$	2,500	$	868	$	434	$	1,301	$	2,500	
Subtotal Field Expenditures	$	318,430	$	185,565	$	92,880	$	278,444	$	326,402	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2025	5/31/25	4 Months	9/30/25	FY2026	

Amenity Expenditures		
Amenity - Electric	$	11,880	$	5,719	$	2,859	$	8,578	$	13,068	
Amenity - Water	$	1,980	$	1,337	$	669	$	2,006	$	2,178	
Internet	$	792	$	556	$	278	$	834	$	924	
Playground/Furniture Lease	$	14,454	$	9,636	$	4,818	$	14,454	$	14,454	
Pest Control	$	1,680	$	840	$	420	$	1,260	$	1,680	
Janitorial Services	$	8,130	$	4,884	$	2,442	$	7,325	$	13,130	
Security Services	$	5,000	$	1,161	$	5,000	$	6,161	$	15,000	
Pool Maintenance	$	12,608	$	8,160	$	4,080	$	12,240	$	21,600	
Amenity Management	$	12,500	$	8,333	$	4,167	$	12,500	$	12,875	
Amenity Repairs & Maintenance	$	10,000	$	2,806	$	1,403	$	4,209	$	10,000	
Contingency	$	2,500	$	525	$	263	$	788	$	5,000	
Special Projects	$	45,000	$	14,496	$	-	$	14,496	$	45,000	
Subtotal Amenity Expenditures	$	126,524	$	58,452	$	26,398	$	84,850	$	154,909	
						
Total Operations & Maintenance	$	444,954	$	244,017	$	119,278	$	363,294	$	481,311	

Other Expenditures						
Capital Reserve - Transfer	$	50,000	$	25,000	$	25,000	$	50,000	$	18,767	
Total Other Expenses	$	50,000	$	25,000	$	25,000	$	50,000	$	18,767	
						
Total Expenditures	$	628,057	$	340,019	$	192,649	$	532,667	$	642,460	
						
Excess Revenues/(Expenditures)	$	-	$	299,838	$	(186,921)	$	112,917	$	-	

Development	
Units	Net
Assessments	Net
Per Unit	Gross
Per Unit	
	Single Family	594	$628,057.09	$1,057.34	$1,124.82	
	Single Family- BA	42	$9,402.54	$223.87	$238.16	
	Total	636	$637,459.63			
						
			Adoped FY25	Proposed FY26	Net Increase	
		Development	Net per Unit	Net per Unit	/(Decrease)	
		Single Family	$	1,057.33	$	1,057.33	$	-	
		Single Family- BA	$	-	$	223.87	$	223.87	

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, Kilinski | Van Wyk, 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 various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, 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.

Copies

Printing agenda materials 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	$6,721	$80,650	
Landscape Maintenance- South Area	$3,750	$45,000	
Contingency			$5,026 	
Total		$130,676	

 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	$960	$11,520	
Lake Maintenance- South Area	$275	$3,300	
Contingency			$3,000 	
Total		$17,820	

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, LLC. The District additionally is in contract with Poop 911 to clean the two dog waste stations.
Description	Monthly	Annually	
Janitorial Services	$521	$6,246	
Dog Waste Station	$139	$1,664	
Supplies- Dog Waste Bags		$220	
Contingency			$5,000 	
Total		$13,103	

Security Services

Represents the estimated cost of 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
Total	$1,800		$21,600 
$21,600	

Amenity Management

Amenity Management provides access card issuance through registration, proof of residency, and photo identification. The team also provides keycard troubleshooting for issues and concerns related to access control. Staff reviews security concerns and amenity policy violations via remote camera monitoring on an as-needed basis. Districts are provided electronic communication for District news and direct remote customer service through phone and email directly to the Amenity Access Team.

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.

Special Projects

Represents funds allocated for special projects.

Other Expenses:

Capital Reserve - Transfer

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

Adopted Budget
Series 2019 Debt Service Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2025	5/31/25	4 Months	9/30/25	FY2026	

Revenues						
Assessments - Tax Roll	$	507,737	$	508,242	$	-	$	508,242	$	507,737	
Interest	$	12,000	$	19,076	$	9,538	$	28,614	$	12,000	
Carry Forward Surplus	$	276,942	$	285,707	$	-	$	285,707	$	314,926	
Total Revenues	$	796,679	$	813,025	$	9,538	$	822,563	$	834,663	

Expenditures						
Interest Expense - 11/1	$	173,819	$	173,819	$	-	$	173,819	$	170,619	
Principal Expense - 5/1	$	160,000	$	160,000	$	-	$	160,000	$	165,000	
Interest Expense - 5/1	$	173,819	$	173,819	$	-	$	173,819	$	170,619	
Total Expenditures	$	507,638	$	507,638	$	-	$	507,638	$	506,238	
						
Excess Revenues/(Expenditures)	$	289,042	$	305,388	$	9,538	$	314,926	$	328,425	

Interest Expense 11/1/26	 $	167,319 
Total	$	167,319

Total Net	Net Assessment Per	Gross Assessment
Product	Assessable Units	Assessments	Unit	Per Unit	
Single Family - 40'	278	$	326,927	$1,176	$1,251	
Single Family - 50'	123	$	180,810	$1,470	$1,564	
	401	$	507,737			

Date		Balance		Prinicpal			Interest		Total	

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	

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	

Adopted Budget
Series 2022 Debt Service Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2025	5/31/25	4 Months	9/30/25	FY2026	

Revenues						
Assessments - Tax Roll	$	260,220	$	260,479	$	-	$	260,479	$	260,220	
Interest	$	5,000	$	8,865	$	4,433	$	13,298	$	5,000	
Carry Forward Surplus	$	103,118	$	107,032	$	-	$	107,032	$	121,624	
Total Revenues	$	368,338	$	376,377	$	4,433	$	380,809	$	386,844	

Expenditures						
Interest Expense - 11/1	$	79,593	$	79,593	$	-	$	79,593	$	78,293	
Principal Expense - 5/1	$	100,000	$	100,000	$	-	$	100,000	$	105,000	
Interest Expense - 5/1	$	79,593	$	79,593	$	-	$	79,593	$	78,293	
Total Expenditures	$	259,185	$	259,185	$	-	$	259,185	$	261,585	
						
Excess Revenues/(Expenditures)	$	109,153	$	117,192	$	4,433	$	121,624	$	125,259	

Interest Expense 11/1/26	 $	76,928 
Total	$	76,928

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			

Date		Balance		Prinicpal			Interest		Total	

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	

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	

Adopted Budget Capital Reserve Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2025	5/31/25	4 Months	9/30/25	FY2026	

Revenues

Interest
Carry Forward Surplus

$	-	$
$	22,509	$

696	$
41,989	$

-	$	696	$
-	$	41,989	$

- 92,685

Total Revenues	$	22,509	$	42,685	$	-	$	42,685	$	92,685

Expenditures

Capital Outlay

$	-	$

-	$	-	$

-	$	-

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

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

$	50,000	$

25,000	$

25,000	$

50,000	$

18,767

Excess Revenues/(Expenditures)	$	72,509	$	67,685	$	25,000	$	92,685	$	111,453

Total Other Financing Sources/(Uses)	$	50,000	$	25,000	$	25,000	$	50,000	$	18,767