Windward Community Development District Adopted Budget FY 2027 1-2 3-7 8 9 10 11 12 Table of Contents General Fund Debt Service Fund Series 2018 A-1 Amortization Schedule Series 2018 A-1 General Fund Narrative Debt Service Fund Series 2020 A-1 Amortization Schedule Series 2020 A-1 Capital Reserve Fund Windward Community Development District General Fund Forecast Actuals Projected Description FY2#0126 6/T3h0r/u26 3 MNeoxntths P9r/To3jhe0rc/ut2e6d AFBdYuo2dp0gt2ee7dt IARnsetsveeersnessmute eIsnnctso m- Teax Roll/Direct $$ 1 ,3 7 8 , 6 -23 $$ 1 ,3 8257,,317766 $$ 6 , 0 -39 $$ 1 ,3 8353,,327165 $$ 1 ,5 8 6 , 5 -93 Total Revenues $ 1,378,623 $ 1,412,551 $ 6,039 $ 1,418,591 $ 1,586,593 Expenditures Administrative Supervisors Fees 12,000 $ - $ 3,000 $ 3,000 $ 12,000 $ FICA Expense 500 $ - $ 125 $ 125 $ 500 $ Engineering 16,000 $ 16,297 $ 4,000 $ 20,297 $ 16,000 $ Attorney 50,000 $ 33,002 $ 12,500 $ 45,502 $ 50,000 $ Arbitrage 900 $ 450 $ 450 $ 900 $ 900 $ Dissemination 10,101 $ 6,734 $ 3,367 $ 10,101 $ 10,606 $ Reamortization Schedules - $ 750 $ 250 $ 1,000 $ - $ Annual Audit 6,500 $ 6,700 $ - $ 6,700 $ 6,800 $ Trustee Fees 8,008 $ 8,443 $ - $ 8,443 $ 8,539 $ Assessment Administration 5,565 $ 5,565 $ - $ 5,565 $ 5,843 $ Management Fees 55,000 $ 36,667 $ 18,333 $ 55,000 $ 57,750 $ Information Technology 1,948 $ 1,299 $ 649 $ 1,948 $ 2,045 $ Website Maintenace 1,113 $ 742 $ 371 $ 1,113 $ 1,169 $ Telephone 125 $ - $ 31 $ 31 $ 125 $ Postage 800 $ 1,574 $ 200 $ 1,774 $ 800 $ Travel Per Diem 660 $ - $ - $ - $ 660 $ Printing & Binding 500 $ 254 $ 125 $ 379 $ 500 $ Insurance 6,817 $ 7,028 $ - $ 7,028 $ 7,731 $ Legal Advertising 1,500 $ 916 $ 375 $ 1,291 $ 1,500 $ Other Current Charges 2,000 $ 366 $ 500 $ 866 $ 2,000 $ Office Supplies 150 $ 331 $ 38 $ 368 $ 150 $ Property Appraiser 500 $ 500 $ - $ 500 $ 500 $ Dues, Licenses & Subscriptions 175 $ 175 $ - $ 175 $ 175 $ Total Adminstrative 180,862 $ 127,792 $ 44,314 $ 172,106 $ 186,293 $ Adopted Budget 1 Windward Community Development District General Fund Forecast Actuals Projected Description FY2#0126 6/T3h0r/u26 3 MNeoxntths P9r/To3jhe0rc/ut2e6d AFBdYuo2dp0gt2ee7dt Adopted Budget Operation & Maintenance Field Services 24,000 $ 16,000 $ 8,000 $ 24,000 $ 25,200 $ General Repairs and Maintenance 18,500 $ 2,858 $ 4,625 $ 7,483 $ 50,000 $ Electric 160,009 $ 84,874 $ 39,000 $ 123,874 $ 150,000 $ Water & Sewer 300,000 $ 143,240 $ 49,500 $ 192,740 $ 205,000 $ Security Building Maintenance 15,000 $ 23,069 $ 7,690 $ 30,759 $ 25,000 $ Security Guards - $ - $ - $ - $ 221,000 $ Landscape Maintenance 260,000 $ 121,996 $ 60,148 $ 182,144 $ 256,844 $ Landscape Contingency 149,552 $ 141,795 $ 37,388 $ 179,183 $ 108,000 $ Property Insurance 10,000 $ 6,889 $ - $ 6,889 $ 8,000 $ Fountain Maintenance 14,600 $ 7,300 $ 3,650 $ 10,950 $ 20,000 $ Lake Maintenance 22,100 $ 11,800 $ 5,525 $ 17,325 $ 22,100 $ Irrigation Repairs 100,000 $ 11,770 $ 4,414 $ 16,184 $ 30,000 $ Roadway Maintenance 9,000 $ - $ 2,250 $ 2,250 $ 9,000 $ Sidewalk Repair - $ 46,569 $ - $ 46,569 $ 50,000 $ Tree Removal - $ - $ 200,000 $ 200,000 $ - $ Contingency 65,000 $ 15,621 $ 5,207 $ 20,828 $ 20,156 $ Total Operation & Maintenance 1,147,761 $ 633,782 $ 427,396 $ 1,061,178 $ 1,200,300 $ Other Expenditures Capital Reserves - Transfer 50,000 $ 50,000 $ - $ 50,000 $ 200,000 $ Total Other Expenditures 50,000 $ 50,000 $ - $ 50,000 $ 200,000 $ Total Expenditures 1,378,623 $ 811,573 $ 471,711 $ 1,283,284 $ 1,586,593 $ Excess Revenues/(Expenditures) - $ 600,978 $ (465,672) $ 135,307 $ - $ Net Assessment 1,586,593 $ Collection Cost (6%) 101,272 $ Gross Assessment 1,687,865 $ Number of Units 553 Gross Per Unit 3,052 $ Net Per Unit 2,869 $ Gross Per Unit Comparison Gross FY2026 FY2027 Increase/(Decrease) 2,652 $ 3,052 $ 400 $ 2 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, Pegasus Engineering, LLC 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, Luna, Eden & Beaudine, LLP 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. 3 Windward Community Development District GENERAL FUND BUDGET 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. 4 Windward Community Development District GENERAL FUND BUDGET 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 weekly 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. 5 Windward Community Development District GENERAL FUND BUDGET Security Building Maintenance Represents estimated costs for any repairs and maintenance to the guardhouse. Security Guards The Security Guards line item covers potential security staffing and maintenance of surveillance cameras to support community safety and system reliability. Landscape Maintenance The District will maintain the landscaping within the common areas of the District after installation of landscape material has been completed. These services are primarily provided under a contract with Prince & Sons, Inc. totaling approximately $236,844 annually, along with a separate contract with United Land Services, Inc. totaling approximately $20,000 annually. Description Monthly Annual Landscape Maintenance (Prince) $19,737 $236,844 Landscape Maintenance (United) $1,666.67 $20,000 Total $256,844 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 Resort Pool Services. Description Monthly Annual Fountain Maintenance $800 $9,600 Contingency Total $10,400 $20,000 Lake Maintenance Represents estimated costs for the maintenance of any ponds and lakes located within the District. Aquatic Weed Management, Inc provides these services. 6 Windward Community Development District GENERAL FUND BUDGET 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. Sidewalk Repair Represents costs for repairing and maintaining sidewalks within the District to ensure safety and usability. 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. 7 Adopted Actuals Projected Description FBYu2d0g2e6t 6/T3h0r/u26 3 MNoenxtths P9r/oT3jhe0rc/ut2e6d AFBdYu2odp0gt2ee7td ISCARnpsaetserveercersyineas Fsmul toAe eIrssnnwscteasosr ms-d mPe Sreuenrptpsa ly-u m2s0e1n8t A1 $$$$ 12 45 136 ,,, 264 -248384 $$$$ 22 041 0018,,,,373506710812 $$$$ 13 ,, 38 --4902 $$$$ 22 04110301,,,,673446070813 $$$$ 12 47 345 ,,, 662 -140282 Total Revenues $ 401,355 $ 460,950 $ 5,232 $ 466,182 $ 423,461 Expenditures Series 2018A-1 IISPnnprttieneecrrcieeiapssl attC l--a -15l l5 /1-/1 /1111/1 $$$$ 688 599 ,,, 000 -000055 $$$$ 56880579,,,,000500060055 $$$$ ---- $$$$ 56880579,,,,000500060055 $$$$ 688 555 ,,, 099 -000088 Total Expenditures $ 243,010 $ 291,570 $ - $ 291,570 $ 236,815 Excess Revenues/(Expenditures) $ 158,345 $ 169,380 $ 5,232 $ 174,612 $ 186,646 *Carry forward less amount in Reserve funds. Series 2018A-1 Interest - 11/1/2027 $84,250 Total $84,250 Number of Units Net per Unit Net Assessment 270 $902 $243,648 Debt Service Fund Windward Community Development District Adopted Budget Series 2018 A-1 8 Windward Community Development District Series 2018 A-1 Special Assessment Bonds Amortization Schedule Date Balance Prinicpal Interest Total 11/01/26 3,005,000.00 $ - $ 85,907.50 $ 238,472.50 $ 05/01/27 3,005,000.00 $ 65,000.00 $ 85,907.50 $ 11/01/27 2,940,000.00 $ - $ 84,250.00 $ 235,157.50 $ 05/01/28 2,940,000.00 $ 70,000.00 $ 84,250.00 $ 11/01/28 2,870,000.00 $ - $ 82,465.00 $ 236,715.00 $ 05/01/29 2,870,000.00 $ 75,000.00 $ 82,465.00 $ 11/01/29 2,795,000.00 $ - $ 80,552.50 $ 238,017.50 $ 05/01/30 2,795,000.00 $ 80,000.00 $ 80,552.50 $ 11/01/30 2,715,000.00 $ - $ 78,272.50 $ 238,825.00 $ 05/01/31 2,715,000.00 $ 80,000.00 $ 78,272.50 $ 11/01/31 2,635,000.00 $ - $ 75,992.50 $ 234,265.00 $ 05/01/32 2,635,000.00 $ 85,000.00 $ 75,992.50 $ 11/01/32 2,550,000.00 $ - $ 73,570.00 $ 234,562.50 $ 05/01/33 2,550,000.00 $ 90,000.00 $ 73,570.00 $ 11/01/33 2,460,000.00 $ - $ 71,005.00 $ 234,575.00 $ 05/01/34 2,460,000.00 $ 95,000.00 $ 71,005.00 $ 11/01/34 2,365,000.00 $ - $ 68,297.50 $ 234,302.50 $ 05/01/35 2,365,000.00 $ 100,000.00 $ 68,297.50 $ 11/01/35 2,265,000.00 $ - $ 65,447.50 $ 233,745.00 $ 05/01/36 2,265,000.00 $ 110,000.00 $ 65,447.50 $ 11/01/36 2,155,000.00 $ - $ 62,312.50 $ 237,760.00 $ 05/01/37 2,155,000.00 $ 115,000.00 $ 62,312.50 $ 11/01/37 2,040,000.00 $ - $ 59,035.00 $ 236,347.50 $ 05/01/38 2,040,000.00 $ 120,000.00 $ 59,035.00 $ 11/01/38 1,920,000.00 $ - $ 55,615.00 $ 234,650.00 $ 05/01/39 1,920,000.00 $ 130,000.00 $ 55,615.00 $ 11/01/39 1,790,000.00 $ - $ 51,910.00 $ 237,525.00 $ 05/01/40 1,790,000.00 $ 135,000.00 $ 51,910.00 $ 11/01/40 1,655,000.00 $ - $ 47,995.00 $ 234,905.00 $ 05/01/41 1,655,000.00 $ 145,000.00 $ 47,995.00 $ 11/01/41 1,510,000.00 $ - $ 43,790.00 $ 236,785.00 $ 05/01/42 1,510,000.00 $ 155,000.00 $ 43,790.00 $ 11/01/42 1,355,000.00 $ - $ 39,295.00 $ 238,085.00 $ 05/01/43 1,355,000.00 $ 160,000.00 $ 39,295.00 $ 11/01/43 1,195,000.00 $ - $ 34,655.00 $ 233,950.00 $ 05/01/44 1,195,000.00 $ 170,000.00 $ 34,655.00 $ 11/01/44 1,025,000.00 $ - $ 29,725.00 $ 234,380.00 $ 05/01/45 1,025,000.00 $ 180,000.00 $ 29,725.00 $ 11/01/45 845,000.00 $ - $ 24,505.00 $ 234,230.00 $ 05/01/46 845,000.00 $ 195,000.00 $ 24,505.00 $ 11/01/46 650,000.00 $ - $ 18,850.00 $ 238,355.00 $ 05/01/47 650,000.00 $ 205,000.00 $ 18,850.00 $ 11/01/47 445,000.00 $ - $ 12,905.00 $ 236,755.00 $ 05/01/48 445,000.00 $ 215,000.00 $ 12,905.00 $ 11/01/48 230,000.00 $ - $ 6,670.00 $ 234,575.00 $ 05/01/49 230,000.00 $ 230,000.00 $ 6,670.00 $ 236,670.00 $ 3,005,000.00 $ 2,506,045.00 $ 5,663,610.00 $ 9 Adopted Actuals Projected Description FBYu2d0g2e6t 6/T3h0r/u26 3 MNoenxtths P9r/oT3jhe0rc/ut2e6d AFBdYu2odp0gt2ee7td ISCRnpaeterverceryinea Fsul toAe Irssnwsceaosrmsdme Seunrtps l-u 2s020 A1 $$$ 12 351550,,,365076598 $$$ 25 571589,,,779283248 $$$ 4 , 4 --31 $$$ 25 572584,,,773286249 $$$ 24 051052,,,361478894 Total Revenues $ 401,553 $ 854,444 $ 4,431 $ 858,875 $ 668,211 Expenditures Series 2020A-1 IISPnnprttieneecrrcieeiapssl attC l--a -15l l5 /1-/1 /1111/1 $$$$ 888 445 ,,, 011 -011044 $$$$ 2 08885445,,,,001100110044 $$$$ ---- $$$$ 2 08885445,,,,001100110044 $$$$ 889 022 ,,, 055 -066033 Total Expenditures $ 253,228 $ 458,228 $ - $ 458,228 $ 255,125 Excess Revenues/(Expenditures) $ 148,325 $ 396,217 $ 4,431 $ 400,648 $ 413,086 *Carry forward less amount in Reserve funds. Series 2020 A-1 Interest - 11/1/2027 $80,920 Total $80,920 Number of Units Net per Unit Net Assessment 283 $902 $255,379 Windward Community Development District Adopted Budget Debt Service Fund Series 2020 A-1 10 Windward Community Development District Series 2020 A-1 Special Assessment Bonds Amortization Schedule Date Balance Prinicpal Interest Total 11/01/26 3,810,000.00 $ - $ 82,562.50 $ 251,676.25 $ 05/01/27 3,810,000.00 $ 90,000.00 $ 82,562.50 $ - $ 11/01/27 3,720,000.00 $ - $ 80,920.00 $ 253,482.50 $ 05/01/28 3,720,000.00 $ 90,000.00 $ 80,920.00 $ - $ 11/01/28 3,630,000.00 $ - $ 79,277.50 $ 250,197.50 $ 05/01/29 3,630,000.00 $ 95,000.00 $ 79,277.50 $ - $ 11/01/29 3,535,000.00 $ - $ 77,543.75 $ 251,821.25 $ 05/01/30 3,535,000.00 $ 100,000.00 $ 77,543.75 $ - $ 11/01/30 3,435,000.00 $ - $ 75,718.75 $ 253,262.50 $ 05/01/31 3,435,000.00 $ 105,000.00 $ 75,718.75 $ - $ 11/01/31 3,330,000.00 $ - $ 73,487.50 $ 254,206.25 $ 05/01/32 3,330,000.00 $ 110,000.00 $ 73,487.50 $ - $ 11/01/32 3,220,000.00 $ - $ 71,150.00 $ 254,637.50 $ 05/01/33 3,220,000.00 $ 110,000.00 $ 71,150.00 $ - $ 11/01/33 3,110,000.00 $ - $ 68,812.50 $ 249,962.50 $ 05/01/34 3,110,000.00 $ 115,000.00 $ 68,812.50 $ - $ 11/01/34 2,995,000.00 $ - $ 66,368.75 $ 250,181.25 $ 05/01/35 2,995,000.00 $ 120,000.00 $ 66,368.75 $ - $ 11/01/35 2,875,000.00 $ - $ 63,818.75 $ 250,187.50 $ 05/01/36 2,875,000.00 $ 125,000.00 $ 63,818.75 $ - $ 11/01/36 2,750,000.00 $ - $ 61,162.50 $ 249,981.25 $ 05/01/37 2,750,000.00 $ 135,000.00 $ 61,162.50 $ - $ 11/01/37 2,615,000.00 $ - $ 58,293.75 $ 254,456.25 $ 05/01/38 2,615,000.00 $ 140,000.00 $ 58,293.75 $ - $ 11/01/38 2,475,000.00 $ - $ 55,318.75 $ 253,612.50 $ 05/01/39 2,475,000.00 $ 145,000.00 $ 55,318.75 $ - $ 11/01/39 2,330,000.00 $ - $ 52,237.50 $ 252,556.25 $ 05/01/40 2,330,000.00 $ 150,000.00 $ 52,237.50 $ - $ 11/01/40 2,180,000.00 $ - $ 49,050.00 $ 251,287.50 $ 05/01/41 2,180,000.00 $ 155,000.00 $ 49,050.00 $ - $ 11/01/41 2,025,000.00 $ - $ 45,562.50 $ 249,612.50 $ 05/01/42 2,025,000.00 $ 165,000.00 $ 45,562.50 $ - $ 11/01/42 1,860,000.00 $ - $ 41,850.00 $ 252,412.50 $ 05/01/43 1,860,000.00 $ 170,000.00 $ 41,850.00 $ - $ 11/01/43 1,690,000.00 $ - $ 38,025.00 $ 249,875.00 $ 05/01/44 1,690,000.00 $ 180,000.00 $ 38,025.00 $ - $ 11/01/44 1,510,000.00 $ - $ 33,975.00 $ 252,000.00 $ 05/01/45 1,510,000.00 $ 190,000.00 $ 33,975.00 $ - $ 11/01/45 1,320,000.00 $ - $ 29,700.00 $ 253,675.00 $ 05/01/46 1,320,000.00 $ 195,000.00 $ 29,700.00 $ - $ 11/01/46 1,125,000.00 $ - $ 25,312.50 $ 250,012.50 $ 05/01/47 1,125,000.00 $ 205,000.00 $ 25,312.50 $ - $ 11/01/47 920,000.00 $ - $ 20,700.00 $ 251,012.50 $ 05/01/48 920,000.00 $ 215,000.00 $ 20,700.00 $ - $ 11/01/48 705,000.00 $ - $ 15,862.50 $ 251,562.50 $ 05/01/49 705,000.00 $ 225,000.00 $ 15,862.50 $ - $ 11/01/49 480,000.00 $ - $ 10,800.00 $ 251,662.50 $ 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 $ 3,810,000.00 $ 2,566,045.00 $ 6,545,158.75 $ 11 Windward Community Development District Adopted Budget Capital Reserve Fund Adopted Actuals FBYu2d0g2e6t 6/T3h0r/u26 P3r MoNjeoecnxtttehds P9r/oT3joe0tc/at2le6d AFBdYu2odp0gt2ee7td Revenues ICnatrerrye Fstorward Surplus $$ 2 7 ,0 34111 $$ 5 0 1,,943421 $$ 3 -20 $$ 5 0 1,,973621 $$ 1 0 2 ,6 89830 Total Revenues $ 277,352 $ 52,373 $ 320 $ 52,693 $ 103,573 Expenditures Capital Outlay $ - $ - $ - $ - $ - Total Expenditures $ - $ - $ - $ - $ - Other Financing Sources/(Uses) Transfer In (Out) $ 50,000 $ 50,000 $ - $ 50,000 $ 200,000 Total Other Financing Sources/(Uses) $ 50,000 $ 50,000 $ - $ 50,000 $ 200,000 Excess Revenues/(Expenditures) $ 327,352 $ 102,373 $ 320 $ 102,693 $ 303,573 12