Windward
Community Development District

Adopted Budget
FY2025

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Table of Contents

1-2	General Fund	

3-7	

General Fund Narrative	

8	

Debt Service Fund Series 2018 A-1	

9-10	

Amortization Schedule Series 2018 A-1	

11	

Debt Service Fund Series 2020 A-1	

12-13	

Amortization Schedule Series 2020 A-1	

14	

Debt Service Fund Series 2020 A-2	

15	

Amortization Schedule Series 2020 A-2	

16	

Capital Reserve Fund	

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
	Description	FY2024	5/31/24	4 Months	9/30/24	FY2025	

Revenues							

Assessments - Tax Roll/Direct	$	1,111,941	$	1,110,585	
$	1,356	
$	1,111,941	
$	1,378,623	
Miscellaneous Revenue	$	-	$	7,521	$	3,761	$	11,282	$	7,521	
Deficit Funding	$	105,000	$	214,266	$	362,822	$	577,088	$	-	
Total Revenues	$	1,216,941	$	1,332,373	$	367,938	$	1,700,311	$	1,386,144	

Expenditures						
Administrative						
Supervisors Fees	$	4,800	$	-	$	1,600	$	1,600	$	4,800	
FICA Expense	$	367	$	-	$	122	$	122	$	367	
Engineering	$	16,000	$	5,811	$	10,189	$	16,000	$	16,000	
Attorney	$	25,000	$	12,749	$	8,333	$	21,082	$	25,000	
Arbitrage	$	900	$	450	$	450	$	900	$	900	
Dissemination	$	9,620	$	7,913	$	3,707	$	11,620	$	10,101	
Annual Audit	$	6,500	$	6,500	$	-	$	6,500	$	6,500	
Trustee Fees	$	8,008	$	7,758	$	-	$	7,758	$	8,008	
Assessment Administration	$	5,300	$	5,300	$	-	$	5,300	$	5,565	
Management Fees	$	41,327	$	27,551	$	13,776	$	41,327	$	45,000	
Information Technology	$	1,855	$	1,237	$	618	$	1,855	$	1,948	
Website Maintenace	$	1,060	$	707	$	353	$	1,060	$	1,113	
Telephone	$	125	$	-	$	125	$	125	$	125	
Postage	$	800	$	670	$	1,021	$	1,692	$	800	
Travel Per Diem	$	660	$	-	$	220	$	220	$	660	
Printing & Binding	$	500	$	60	$	347	$	407	$	500	
Insurance	$	6,586	$	6,197	$	-	$	6,197	$	6,817	
Legal Advertising	$	1,500	$	583	$	917	$	1,500	$	1,500	
Other Current Charges	$	2,000	$	429	$	400	$	829	$	2,000	
Office Supplies	$	150	$	4	$	20	$	24	$	150	
Property Appraiser	$	500	$	261	$	-	$	261	$	500	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Adminstrative	$	133,733	$	84,356	$	42,198	$	126,554	$	138,529	

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2024	5/31/24	4 Months	9/30/24	FY2025	

Operation & Maintenance						
Field Services	$	17,712	$	11,808	$	5,904	$	17,712	$	18,598	
General Repairs and Maintenance	$	10,000	$	450	$	3,333	$	3,783	$	18,500	
Electric	$	158,992	$	97,063	$	48,400	$	145,463	$	160,009	
Water & Sewer	$	531,795	$	673,367	$	200,936	$	874,303	$	602,808	
Security Building Maintenance	$	10,000	$	10,209	$	6,716	$	16,925	$	15,000	
Landscape Maintenance	$	237,545	$	101,314	$	50,902	$	152,216	$	237,000	
Landscape Contingency	$	40,000	$	234,177	$	24,000	$	258,177	$	50,000	
Property Insurance	$	5,664	$	6,012	$	-	$	6,012	$	10,000	
Fountain Maintenance	$	14,600	$	7,759	$	4,000	$	11,759	$	14,600	
Lake Maintenance	$	9,000	$	14,200	$	7,900	$	22,100	$	22,100	
Irrigation Repairs	$	25,000	$	19,905	$	12,268	$	32,173	$	30,000	
Lighting Maintenance	$	2,500	$	-	$	833	$	833	$	-	
Monument Maintenance	$	1,400	$	10,025	$	467	$	10,492	$	-	
Roadway Maintenance	$	9,000	$	-	$	3,000	$	3,000	$	9,000	
Contingency	$	10,000	$	15,476	$	3,333	$	18,809	$	10,000	
Total Operation & Maintenance	$	1,083,208	$	1,201,764	$	371,992	$	1,573,756	$	1,197,615	

Other Expenditures
Capital Reserves - Transfer	

$	-	$	-	$	-	$	-	$	50,000	
Total Other Expenditures	$	-	$	-	$	-	$	-	$	50,000	

Total Expenditures

$	1,216,941	$	1,286,120	$

414,191	$	1,700,311	$	1,386,144

Excess Revenues/(Expenditures)

$

-

$

46,253	$

(46,253)  $

-

$

-

Net Assessment $	1,378,623
Collection Cost (6%)  $		87,997  Gross Assessment  $	1,466,620 

Number of Units	553	
Gross Per Unit	$	2,652	
Net Per Unit	$	2,493	

Gross Per Unit Comparison

FY2024 Gross	FY2025 Gross	Increase/(Decrease)

$	2,139	$

2,652	$

513

Windward
Community Development District
GENERAL FUND BUDGET

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.

EXPENDITURES:

Administrative:

Supervisor Fees
Chapter 190, Florida Statutes, allows for each Board member to received $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings. The District anticipates 12 meetings per year, with 2 Board members receiving payment for their attendance at each meeting.
FICA Expense
Represents the Employer’s share of Social Security and Medicare taxes withheld from the Board of Supervisor checks.
Engineering
The District's engineer, Poulos & Bennett, will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review of invoices and requisitions, preparation and review of contract specifications and bid documents, and various projects assigned as directed by the Board of Supervisors and the District Manager.
Attorney
The District's legal counsel, Latham, Shuker, Eden & Beaudine, will be providing general legal services to the District,
e.g. attendance and preparation for monthly meetings, preparation and review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.
Arbitrage
The District has contracted with AMTEC an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2018A-1, 2020-A1, and 2020-A2 Special Assessment Revenue Bonds.

Dissemination
The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. Governmental Management Services – Central Florida, LLC provides these services.

Description	Monthly	Annual	
Dissemination	$801.67	$9,620.04	
Re-Amortization		$480.96	
Total		$10,101	

Annual Audit
The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. Grau & Associates provides these services.
Trustee Fees
The District will pay annual trustee fees for the Series 2018A-1, 2020A-1 & 2020A-2 Special Assessment Revenue Bonds that are deposited with a Trustee at USBank.
Assessment Administration
The District has contracted with Governmental Management Services-CF, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.
Management Fees
The District has contracted with Governmental Management Services-Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, budget preparation, all financial reporting, annual audit, 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
The District incurs charges for mailing of agenda packages, overnight deliveries, checks for vendors and other required correspondence.
Travel Per Diem
The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.
Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.
Insurance
The District’s general liability and public officials liability insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.
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 any miscellaneous expenses incurred during the fiscal year such as bank fees, deposit slips, stop payments, etc.
Office Supplies
The District incurs charges for office supplies that need to be purchased during the fiscal year.
Property Appraiser
Represents a fee charged by Osceola County Property Appraiser’s office for assessment administration services.
Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175. This is the only expense under this category for the District.

Operation and Maintenance:
Field Services
Governmental Management Services – Central Florida, LLC provides onsite field management of contracts for the District such as landscape and lake maintenance. Services to include bimonthly onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.
General Repairs and Maintenance
Represents estimated costs for facility maintenance.
Electric
Represents estimated costs for electrical accounts with Duke Energy for entrance lighting, irrigation meters and other District areas.
Water & Sewer
Represents estimated costs for water & sewer services with Toho Water Authority for fountain, guardhouse, irrigation meters and other District areas.
Security Building Maintenance
Represents estimated costs for any repairs and maintenance to the guardhouse.
Landscape Maintenance
The District will maintain the landscaping within the common areas of the District after installation of landscape material has been completed. Juniper Landscaping of Florida, LLC provides these services.

Description	Monthly	Annual	
Landscape Maintenance	$19,500	$234,000	
Contingency		$3,000	
Total		$237,000	

Landscape Contingency
Represents estimated costs for any additional landscape expenses not covered under the monthly landscape maintenance contract.
Property Insurance
Represents estimated costs for the annual coverage of property insurance. Coverage will be provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Fountain Maintenance
The District will schedule the regularly cleaning and treatment of the fountain maintained by the District. The District will be contracting with Sitex Aquatics, LLC.

Description	Monthly	Annual	
Fountain Maintenance	$800	$9,600	
Contingency		$5,000	
Total		$14,600	

Lake Maintenance
Represents estimated costs for the maintenance of any ponds and lakes located within the District. Aquatic Weed Management, Inc provides these services.
Irrigation Repairs
Represents estimated costs for any repairs to the irrigation system.
Roadway Maintenance
Represents estimated costs for any sidewalk or roadway maintenance for areas maintained by the District.
Contingency
Represents any additional field expense that may not have been provided for in the budget.

Other Expenditures:

Capital Reserves - Transfer

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

Community Development District Adopted Budget
Debt Service Fund Series 2018 A-1

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
	Description	FY2024	5/31/24	4 Months	9/30/24	FY2025	

Revenues							

Special Assessments - 2018 A1	
$	243,648	
$	243,351	
$	297	
$	243,648	
$	243,648	
Interest Income	$	250	$	9,151	$	4,575	$	13,726	$	6,863	
Carry Forward Surplus	$	119,287	$	122,923	$	-	$	122,923	$	135,308	
Total Revenues	$	363,185	$	375,425	$	4,873	$	380,298	$	385,819	

Expenditures						
Series 2018A-1						
Interest - 11/1	$	92,495	$	92,495	$	-	$	92,495	$	90,965	
Principal - 5/1	$	60,000	$	60,000	$	-	$	60,000	$	60,000	
Interest - 5/1	$	92,495	$	92,495	$	-	$	92,495	$	90,965	
Total Expenditures	$	244,990	$	244,990	$	-	$	244,990	$	241,930	
						
Excess Revenues/(Expenditures)	$	118,195	$	130,435	$	4,873	$	135,308	$	143,889	

*Carry forward less amount in Reserve funds.	Series 2018A-1
Interest - 11/1/2025	$89,435
Total 	$89,435 

Number of Units	Net per Unit	Net Assessment	
270	$902	$243,648	

Date	Balance	Prinicpal	Interest	Total

11/01/24	$	3,195,000.00	$	-	$	90,965.00	$	243,460.00	
05/01/25	$	3,195,000.00	$	60,000.00	$	90,965.00		
11/01/25	$	3,135,000.00	$	-	$	89,435.00	$	240,400.00	
05/01/26	$	3,135,000.00	$	65,000.00	$	89,435.00		
11/01/26	$	3,070,000.00	$	-	$	87,777.50	$	242,212.50	
05/01/27	$	3,070,000.00	$	65,000.00	$	87,777.50		
11/01/27	$	3,005,000.00	$	-	$	86,120.00	$	238,897.50	
05/01/28	$	3,005,000.00	$	70,000.00	$	86,120.00		
11/01/28	$	2,935,000.00	$	-	$	84,335.00	$	240,455.00	
05/01/29	$	2,935,000.00	$	75,000.00	$	84,335.00		
11/01/29	$	2,860,000.00	$	-	$	82,422.50	$	241,757.50	
05/01/30	$	2,860,000.00	$	80,000.00	$	82,422.50		
11/01/30	$	2,780,000.00	$	-	$	80,142.50	$	242,565.00	
05/01/31	$	2,780,000.00	$	85,000.00	$	80,142.50		
11/01/31	$	2,695,000.00	$	-	$	77,720.00	$	242,862.50	
05/01/32	$	2,695,000.00	$	90,000.00	$	77,720.00		
11/01/32	$	2,605,000.00	$	-	$	75,155.00	$	242,875.00	
05/01/33	$	2,605,000.00	$	95,000.00	$	75,155.00		
11/01/33	$	2,510,000.00	$	-	$	72,447.50	$	242,602.50	
05/01/34	$	2,510,000.00	$	100,000.00	$	72,447.50		
11/01/34	$	2,410,000.00	$	-	$	69,597.50	$	242,045.00	
05/01/35	$	2,410,000.00	$	105,000.00	$	69,597.50		
11/01/35	$	2,305,000.00	$	-	$	66,605.00	$	241,202.50	
05/01/36	$	2,305,000.00	$	110,000.00	$	66,605.00		
11/01/36	$	2,195,000.00	$	-	$	63,470.00	$	240,075.00	
05/01/37	$	2,195,000.00	$	115,000.00	$	63,470.00		
11/01/37	$	2,080,000.00	$	-	$	60,192.50	$	238,662.50	
05/01/38	$	2,080,000.00	$	125,000.00	$	60,192.50		
11/01/38	$	1,955,000.00	$	-	$	56,630.00	$	241,822.50	
05/01/39	$	1,955,000.00	$	130,000.00	$	56,630.00		
11/01/39	$	1,825,000.00	$	-	$	52,925.00	$	239,555.00	
05/01/40	$	1,825,000.00	$	140,000.00	$	52,925.00		
11/01/40	$	1,685,000.00	$	-	$	48,865.00	$	241,790.00	
05/01/41	$	1,685,000.00	$	145,000.00	$	48,865.00		
11/01/41	$	1,540,000.00	$	-	$	44,660.00	$	238,525.00	
05/01/42	$	1,540,000.00	$	155,000.00	$	44,660.00		
11/01/42	$	1,385,000.00	$	-	$	40,165.00	$	239,825.00	
05/01/43	$	1,385,000.00	$	165,000.00	$	40,165.00		
11/01/43	$	1,220,000.00	$	-	$	35,380.00	$	240,545.00	

Date		Balance	Prinicpal	Interest	Total	

05/01/44	
$	
1,220,000.00	
$	175,000.00	
$	35,380.00		
11/01/44	$	1,045,000.00	$	-	$	30,305.00	$	240,685.00	
05/01/45	$	1,045,000.00	$	185,000.00	$	30,305.00		
11/01/45	$	860,000.00	$	-	$	24,940.00	$	240,245.00	
05/01/46	$	860,000.00	$	195,000.00	$	24,940.00		
11/01/46	$	665,000.00	$	-	$	19,285.00	$	239,225.00	
05/01/47	$	665,000.00	$	210,000.00	$	19,285.00		
11/01/47	$	455,000.00	$	-	$	13,195.00	$	242,480.00	
05/01/48	$	455,000.00	$	220,000.00	$	13,195.00		
11/01/48	$	235,000.00	$	-	$	6,815.00	$	240,010.00	
05/01/49	$	235,000.00	$	235,000.00	$	6,815.00	$	241,815.00	
			$	3,195,000.00	$	2,919,100.00	$	6,266,595.00	

Windward
Community Development District Adopted Budget
Debt Service Fund Series 2020 A-1

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
	Description	FY2024	5/31/24	4 Months	9/30/24	FY2025	

Revenues							

Special Assessments - 2020 A1	$	255,379	$	255,068	
$	312	
$	255,379	
$	255,379	
Interest Income	$	-	$	14,501	$	7,251	$	21,752	$	10,876	
Carry Forward Surplus	$	95,755	$	97,655	$	-	$	97,655	$	120,934	
Total Revenues	$	351,134	$	367,224	$	7,562	$	374,786	$	387,189	

Expenditures						
Series 2020A-1						
Interest - 11/1	$	86,926	$	86,926	$	-	$	86,926	$	85,726	
Principal - 5/1	$	80,000	$	80,000	$	-	$	80,000	$	85,000	
Interest - 5/1	$	86,926	$	86,926	$	-	$	86,926	$	85,726	
Total Expenditures	$	253,853	$	253,853	$	-	$	253,853	$	256,453	
						
Excess Revenues/(Expenditures)	$	97,281	$	113,371	$	7,562	$	120,934	$	130,736	

*Carry forward less amount in Reserve funds.				

Series 2020 A-1		
Interest - 11/1/2025	$84,451

Total 	$84,451 

 Number of Units	Net per Unit	Net Assessment 

	283	$902	$255,379	

11/01/24	$	3,995,000.00	$	
05/01/25	$	3,995,000.00	$	85	
11/01/25	$	3,910,000.00	$	
05/01/26	$	3,910,000.00	$	85	
11/01/26	$	3,825,000.00	$	
05/01/27	$	3,825,000.00	$	90	
11/01/27	$	3,735,000.00	$	
05/01/28	$	3,735,000.00	$	90	
11/01/28	$	3,645,000.00	$	
05/01/29	$	3,645,000.00	$	95	
11/01/29	$	3,550,000.00	$	
05/01/30	$	3,550,000.00	$	100	
11/01/30	$	3,450,000.00	$	
05/01/31	$	3,450,000.00	$	105	
11/01/31	$	3,345,000.00	$	
05/01/32	$	3,345,000.00	$	110	
11/01/32	$	3,235,000.00	$	
05/01/33	$	3,235,000.00	$	110	
11/01/33	$	3,125,000.00	$	
05/01/34	$	3,125,000.00	$	115	
11/01/34	$	3,010,000.00	$	
05/01/35	$	3,010,000.00	$	120	
11/01/35	$	2,890,000.00	$	
05/01/36	$	2,890,000.00	$	125	
11/01/36	$	2,765,000.00	$	
05/01/37	$	2,765,000.00	$	135	
11/01/37	$	2,630,000.00	$	
05/01/38	$	2,630,000.00	$	140	
11/01/38	$	2,490,000.00	$	
05/01/39	$	2,490,000.00	$	145	
11/01/39	$	2,345,000.00	$	
05/01/40	$	2,345,000.00	$	150	
11/01/40	$	2,195,000.00	$	
05/01/41	$	2,195,000.00	$	160	
11/01/41	$	2,035,000.00	$	
05/01/42	$	2,035,000.00	$	165	
11/01/42	$	1,870,000.00	$	
05/01/43	$	1,870,000.00	$	175	
11/01/43	$	1,695,000.00	$	
05/01/44	$	1,695,000.00	$	180	
11/01/44	$	1,515,000.00	$	
05/01/45	$	1,515,000.00	$	190	
11/01/45	$	1,325,000.00	$	
05/01/46	$	1,325,000.00	$	200	
11/01/46	$	1,125,000.00	$	
05/01/47	$	1,125,000.00	$	205	
11/01/47	$	920,000.00	$	
05/01/48	$	920,000.00	$	215	
11/01/48	$	705,000.00	$	
05/01/49	$	705,000.00	$	225	
11/01/49	$	480,000.00	$	

$	85,726.25	$	252,652.50	
$	85,726.25	$	-	
$	84,451.25	$	255,177.50	
$	84,451.25	$	-	
$	82,900.00	$	252,351.25	
$	82,900.00	$	-	
$	81,257.50	$	254,157.50	
$	81,257.50	$	-	
$	79,615.00	$	250,872.50	
$	79,615.00	$	-	
$	77,881.25	$	252,496.25	
$	77,881.25	$	-	
$	76,056.25	$	253,937.50	
$	76,056.25	$	-	
$	73,825.00	$	254,881.25	
$	73,825.00	$	-	
$	71,487.50	$	255,312.50	
$	71,487.50	$	-	
$	69,150.00	$	250,637.50	
$	69,150.00	$	-	
$	66,706.25	$	250,856.25	
$	66,706.25	$	-	
$	64,156.25	$	250,862.50	
$	64,156.25	$	-	
$	61,500.00	$	250,656.25	
$	61,500.00	$	-	
$	58,631.25	$	255,131.25	
$	58,631.25	$	-	
$	55,656.25	$	254,287.50	
$	55,656.25	$	-	
$	52,575.00	$	253,231.25	
$	52,575.00	$	-	
$	49,387.50	$	251,962.50	
$	49,387.50	$	-	
$	45,787.50	$	255,175.00	
$	45,787.50	$	-	
$	42,075.00	$	252,862.50	
$	42,075.00	$	-	
$	38,137.50	$	255,212.50	
$	38,137.50	$	-	
$	34,087.50	$	252,225.00	
$	34,087.50	$	-	
$	29,812.50	$	253,900.00	
$	29,812.50	$	-	
$	25,312.50	$	255,125.00	
$	25,312.50	$	-	
$	20,700.00	$	251,012.50	
$	20,700.00	$	-	
$	15,862.50	$	251,562.50	
$	15,862.50	$	-	
$	10,800.00	$	251,662.50	

Date	Balance	Prinicpal	Interest	Total

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

Date		Balance	Prinicpal	Interest		Total	

05/01/50	
$	
480,000.00	
$	235,000.00	
$	10,800.00	
$	
-	
11/1/50	$	245,000.00	$	-	$	5,512.50	$	251,312.50	
5/1/51	$	245,000.00	$	245,000.00	$	5,512.50	$	250,512.50	
			$	3,995,000.00	$	2,918,100.00	$	7,080,026.25	

Windward
Community Development District Adopted Budget
Debt Service Fund Series 2020 A-2

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
	Description	FY2024	5/31/24	4 Months	9/30/24	FY2025	

Revenues							

Special Assessments - 2020 A2	$	156,640	$	65,560	
$	65,560	
$	131,120	
$	81,840	
Assessments - Prepayment	$	-	$  1,418,768	$	-	$  1,418,768	$	-	
Interest Income	$	-	$	19,703	$	9,852	$	29,555	$	14,777	
Carry Forward Surplus	$	205,085	$	818,245	$	-	$	818,245	$	561,508	
Total Revenues	$	361,725	$  2,322,276	$	75,412	$  2,397,688	$	658,125	

Expenditures					
Series 2020A-2					
Interest - 11/1	$	78,320	$	78,320	$	-	$	78,320	$	40,920	
Special Call - 11/1	$	-	$	580,000	$	-	$	580,000	$	-	
Interest - 2/1	$	-	$	7,700	$	-	$	7,700	$	-	
Special Call - 2/1	$	-	$	700,000	$	-	$	700,000	$	-	
Interest - 5/1	$	78,320	$	50,160	$	-	$	50,160	$	40,920	
Special Call - 5/1	$	-	$	420,000	$	-	$	420,000	$	-	
Total Expenditures	$	156,640	$  1,836,180	$	-	$  1,836,180	$	81,840	
					
Excess Revenues/(Expenditures)	$	205,085	$	486,096	$	75,412	$	561,508	$	576,285	

*Carry forward less amount in Reserve funds.					
			Series 2020 A-2		
			
Interest - 11/1/2025	$40,920	
Total 	$40,920 

Series 2020 A-2 Special Assessment Bonds Amortization Schedule

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/24	$	1,860,000.00	$	-	$	40,920.00	$	81,840.00	
05/01/25	$	1,860,000.00	$	-	$	40,920.00	
11/01/25	$	1,860,000.00	$	-	$	40,920.00	$	81,840.00	
05/01/26	$	1,860,000.00	$	-	$	40,920.00	
11/01/26	$	1,860,000.00	$	-	$	40,920.00	$	81,840.00	
05/01/27	$	1,860,000.00	$	-	$	40,920.00	
11/01/27	$	1,860,000.00	$	-	$	40,920.00	$	81,840.00	
05/01/28	$	1,860,000.00	$	-	$	40,920.00	
11/01/28	$	1,860,000.00	$	-	$	40,920.00	$	81,840.00	
05/01/29	$	1,860,000.00	$	-	$	40,920.00	
11/01/29	$	1,860,000.00	$	-	$	40,920.00	$	81,840.00	
05/01/30	$	1,860,000.00	$	-	$	40,920.00	
11/01/30	$	1,860,000.00	$	-	$	40,920.00	$	81,840.00	
05/01/31	$	1,860,000.00	$	-	$	40,920.00	
11/01/31	$	1,860,000.00	$	-	$	40,920.00	$	81,840.00	
05/01/32	$	1,860,000.00	$	-	$	40,920.00	
11/01/32	$	1,860,000.00	$	-	$	40,920.00	$	81,840.00	
05/01/33	$	1,860,000.00	$	-	$	40,920.00	
11/01/33	$	1,860,000.00	$	-	$	40,920.00	$	81,840.00	
05/01/34	$	1,860,000.00	$	-	$	40,920.00	
11/01/34	$	1,860,000.00	$	-	$	40,920.00	$	81,840.00	
05/01/35	$	1,860,000.00	$	1,860,000.00	$	40,920.00	
11/01/35				$	-	$	1,900,920.00	

$	1,860,000.00	$	900,240.00	$	2,801,160.00

Adopted Budget Capital Reserve Fund

Adopted Budget
FY2024

Actuals Thru
5/31/24

Projected Next
4 Months

Total Projected
9/30/24

Adopted Budget
FY2025

Revenues

Interest
Carry Forward Surplus

$	-	$	-	$
$	-	$	-	$

-	$	-	$	-
-	$	-	$	-

Total Revenues	$	-	$	-	$	-	$	-	$	-

Expenditures

Capital Outlay

$	-	$	-	$

-	$	-	$	-

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

Other Financing Sources/(Uses)

Transfer In (Out)

$	-	$	-	$

-	$	-	$

50,000

Excess Revenues/(Expenditures)	$	-	$	-	$	-	$	-	$	50,000

Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	$	50,000