Holly Hill Road East
Community Development District

Proposed Budget
FY2027

Table of Contents

1-2		General Fund	

3-8	
	General Fund Narrative	

9	
	Series 2017 Debt Service Fund	

10	
	Series 2017 Amortization	

11	
	Series 2018 Debt Service Fund	

12	
	Series 2018 Amortization	

13	
	Series 2020 A3 Debt Service Fund	

14	
	Series 2020 A3 Amortization	

15	
	Series 2020 A4 Debt Service Fund	

16	
	Series 2020 A4 Amortization	

17	
	Capital Reserve Fund	

	Adopted Budget FY 2026		Actual Thru 1/31/26		Projected Next
8 Months		Total Projected 9/30/26		Proposed Budget FY 2027	

Revenues											
Assessments - Tax Roll	$	565,628	$	551,050	$	14,578	$	565,628	$	565,628	
Inter-Governmental Revenue	$	78,374	$	-	$	78,374	$	78,374	$	76,734	
Interest Income	$	-	$	1,844	$	922	$	2,767	$	2,767	
Other Income	$	-	$	135	$	68	$	203	$	101	
Carry Forward Surplus	$	65,145	$	227,856	$	-	$	227,856	$	65,273	
Total Revenues	$	709,148	$	780,886	$	93,942	$	874,828	$	710,503	

Expenditures											
Administrative:
Supervisor Fees	
$	
12,000	
$	
2,600	
$	
8,000	
$	
10,600	
$	
12,000	
FICA Expenses	$	-	$	199	$	612	$	811	$	918	
Engineering Fees	$	10,000	$	5,495	$	6,667	$	12,162	$	10,000	
Legal Services	$	25,000	$	8,212	$	22,160	$	30,372	$	25,000	
Arbitrage	$	1,800	$	900	$	900	$	1,800	$	1,800	
Dissemination	$	7,416	$	2,472	$	4,944	$	7,416	$	7,787	
Assessment Administration	$	5,732	$	5,732	$	-	$	5,732	$	6,019	
Annual Audit	$	4,100	$	-	$	4,100	$	4,100	$	4,300	
Trustee Fees	$	15,839	$	15,143	$	-	$	15,143	$	15,839	
Management Fees	$	46,350	$	15,450	$	30,900	$	46,350	$	48,668	
Information Technology	$	1,947	$	649	$	1,298	$	1,947	$	2,044	
Website Maintenance	$	1,298	$	433	$	865	$	1,298	$	1,363	
Telephone	$	100	$	-	$	67	$	67	$	100	
Postage & Delivery	$	850	$	397	$	567	$	964	$	850	
Copies	$	1,000	$	63	$	400	$	463	$	1,000	
Office Supplies	$	200	$	2	$	100	$	102	$	200	
Insurance	$	8,196	$	7,029	$	-	$	7,029	$	8,083	
Legal Advertising	$	2,500	$	1,025	$	1,475	$	2,500	$	2,500	
Contingency	$	1,300	$	135	$	867	$	1,002	$	1,300	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	145,803	$	66,112	$	83,921	$	150,032	$	149,946	

Operations & Maintenance											
Field Expenditures
Field Management	
$	
20,600	
$	
6,867	
$	
13,733	
$	
20,600	
$	
21,630	
Electric	$	10,000	$	2,869	$	7,520	$	10,389	$	11,000	
Streetlighting	$	49,248	$	13,750	$	32,800	$	46,550	$	54,173	
Property Insurance	$	10,726	$	5,670	$	-	$	5,670	$	6,520	
Landscape Maintenance	$	166,871	$	44,331	$	88,664	$	132,995	$	166,871	
Landscape Contingency	$	6,000	$	-	$	3,000	$	3,000	$	15,000	
Irrigation Repairs	$	7,500	$	16,595	$	8,297	$	24,892	$	7,500	
Sidewalk Repairs & Maintenance	$	5,000	$	-	$	1,667	$	1,667	$	2,500	
General Repairs & Maintenance	$	17,500	$	1,686	$	11,667	$	13,353	$	21,000	
Pressure Washing	$	-	$	-	$	-	$	-	$	8,750	
Stormwater Repairs	$	-	$	-	$	-	$	-	$	35,000	
Contingency	$	10,000	$	5	$	5,000	$	5,005	$	10,000	
Subtotal Field Expenditures	$	303,445	$	91,773	$	172,348	$	264,121	$	359,944	

	Adopted Budget	Actual Thru	Projected Next	Total Projected	Proposed Budget	
	FY 2026	1/31/26	8 Months	9/30/26	FY 2027	

Amenity Expenditures						
Property Insurance	$	20,543	$	13,881	$	-	$	13,881	$	15,963	
Amenity Landscaping	$	24,096	$	6,196	$	12,392	$	18,588	$	24,096	
Amenity Landscape Contingency	$	8,000	$	-	$	4,000	$	4,000	$	8,000	
Electric	$	23,760	$	6,630	$	13,168	$	19,798	$	26,136	
Water	$	748	$	328	$	544	$	872	$	959	
Internet	$	2,376	$	720	$	1,440	$	2,160	$	2,376	
Janitorial Services	$	17,085	$	5,130	$	10,600	$	15,730	$	19,085	
Pest Control	$	1,020	$	321	$	720	$	1,041	$	1,464	
Amenity Access Management	$	7,000	$	2,333	$	4,664	$	6,997	$	7,350	
Security Services	$	34,903	$	18,163	$	23,268	$	41,431	$	34,903	
Amenity Repairs & Maintenance	$	19,800	$	2,691	$	17,109	$	19,800	$	18,050	
Pool Maintenance	$	24,408	$	8,136	$	16,272	$	24,408	$	25,200	
Pool Furniture Repair & Maintenance	$	5,000	$	-	$	5,000	$	5,000	$	5,000	
Playground Lease	$	4,131	$	4,129	$	-	$	4,129	$	-	
Contingency	$	12,031	$	4,337	$	7,694	$	12,031	$	12,031	
Subtotal Amenity Expenditures	$	204,901	$	72,996	$	116,871	$	189,867	$	200,613	
						
Total Operations & Maintenance	$	508,346	$	164,769	$	289,219	$	453,988	$	560,557	

Other Expenditures						
Transfer Out - Capital Reserve	$	55,000	$	-	$	25,000	$	25,000	$	-	
Total Other Expenditures	$	55,000	$	-	$	25,000	$	25,000	$	-	
						
Total Expenditures	$	709,148	$	230,881	$	398,140	$	629,021	$	710,503	
						
Excess Revenues/(Expenditures)	$	-	$	550,005	$	(304,198)	$	245,807	$	-	

Product Type	Assessable Units	ERU/Unit	Total ERUs	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 1	204	1.00	204	$183,739.16	$900.68	$	968.48	
Phase 2	100	1.00	100	$90,068.21	$900.68	$	968.48	
Phase 3	182	1.00	182	$163,924.15	$900.68	$	968.48	
Phase 4	142	1.00	142	$127,896.87	$900.68	$	968.48	
	628		628	$565,628.39			

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.

Inter-Governmental Revenue

The District has entered into an Interlocal Agreement with North Boulevard CDD for the use of its amenities. North Boulevard CDD funds a portion of the District's amenity expenses are part of the agreement set in place.

Other Income

Represents revenues that do not fall into any standard category. These revenues include access cards and rental fees.

Interest Income

Represents interest income earned on excess funds invested through the State Board of Administration.

Carry Forward

Represents amount used to offset the District’s fiscal year expenditure.

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, Dewberry Engineers, 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.

Legal Services

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.

Arbitrage

The District is contracted with AMTEC, an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2017, Series 2018, Series 2020A3 and Series 2020A4 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. This cost is based upon the Series 2017, Series 2018, Series 2020A3 and Series 2020A4 bonds. Governmental Management Services – Central Florida, LLC completes these reporting requirements.

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.

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 McDirmit Davis for these services.

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, arranges 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 materials, overnight deliveries, correspondence, etc.

Copies

Printing materials for board meetings, printing of computerized checks, stationary, envelopes, etc.

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.

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.

Legal Advertising

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

Contingency

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

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.

Operations & Maintenance:

Field Expenditures

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.

Electric

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

Streetlighting

Represents the cost to maintain streetlights currently in place within the District Boundaries.

Property Insurance

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

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District. Services include mowing, edging, trimming, pruning, weeding, irrigation inspections, fertilization and pest control applications. The District has contracted with Prince & Sons, Inc. to provide these services.

Landscape Contingency

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

Irrigation Repairs

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

Sidewalk Repairs & Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

General Repairs & Maintenance

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

Pressure Washing

Represents cost for pressure washing of walls, entry signs and sidewalks.

Stormwater Repairs

Represents cost to maintain ponds due to washout in some areas.

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

Property Insurance

The District’s property insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies. This cost pertains to coverage for the amenity facility.

Amenity Landscaping

Represents landscape maintenance services at the District's amenity facility. Services include mowing, edging, trimming, pruning, weeding, irrigation inspections, fertilization and pest control applications. The District has contracted with Prince & Sons, Inc. to provide these services.

Amenity Landscape Contingency

Represents the estimated cost of replacing landscaping surrounding the amenity facility.

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 internet services in place at the amenity facility. This service is provided by Spectrum Business.

Janitorial Services

Represents the costs to provide janitorial services for the District’s amenity facilities. These services are provided by Clean Star Services of Central Florida, LLC.

Pest Control

The District is contracted with Orkin for pest control treatments to its amenity facility.

Amenity Access 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. The Amenity Access team also assist with Parking Rule implementation and enforcement.

Security Services

Represents the estimated cost of monthly security services for the District’s amenity facilities as well as maintaining security systems in place. Services are provided by Securitas Security Services.

Amenity Repairs & Maintenance

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

Pool Maintenance

Resort Pool Services has been contracted to provide regular cleaning and treatments of the District’s pool.

Pool Furniture Repair & Maintenance

Represents estimated costs for repairs and maintenance of the District’s pool furniture.

Playground Lease

The District has entered into a leasing agreement with Navitas, Inc. for playgrounds installed in the community. This agreement ended in December 2025, hence, the budget for FY27 is zero.

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:

Transfer Out – Capital Reserves

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

Proposed Budget
Series 2017 Debt Service Fund

	Adopted Budget FY 2026	Actuals Thru 1/31/26	Projected Next
8 Months	Total Projected 9/30/26	Proposed Budget FY 2027	

Revenues						
Assessments	$	229,722	$	226,648	$	3,075	$	229,722	$	229,722	
Interest	$	4,816	$	3,108	$	2,331	$	5,439	$	2,720	
Carry Forward Surplus	$	171,973	$	175,710	$	-	$	175,710	$	181,915	
Total Revenues	$	406,511	$	405,466	$	5,406	$	410,872	$	414,357	

Expenditures						
Interest - 11/1	$	74,479	$	74,479	$	-	$	74,479	$	72,839	
Principal - 5/1	$	80,000	$	-	$	80,000	$	80,000	$	80,000	
Interest - 5/1	$	74,479	$	-	$	74,479	$	74,479	$	72,839	
Total Expenditures	$	228,958	$	74,479	$	154,479	$	228,958	$	225,678	
						
Excess Revenues/(Expenditures)	$	177,554	$	330,988	$	(149,073)  $	181,915	$	188,679	
			
Interest - 11/1/27	
$71,199	
Product Type	ERU/Unit	Assessable Units	Total ERUs	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 1	1.00	204	204	$229,722.46	$1,126.09	$1,210.85	
	204	204	$229,722.46			

Series 2017 Special Assessment Bonds Amortization Schedule

Date		Balance		Principal		Interest		Total	
									
11/01/26	$	3,025,000.00	$	-	$	72,838.75	$	227,317.50	
05/01/27	$	3,025,000.00	$	80,000.00	$	72,838.75			
11/01/27	$	2,945,000.00	$	-	$	71,198.75	$	224,037.50	
05/01/28	$	2,945,000.00	$	85,000.00	$	71,198.75			
11/01/28	$	2,860,000.00	$	-	$	69,456.25	$	225,655.00	
05/01/29	$	2,860,000.00	$	90,000.00	$	69,456.25			
11/01/29	$	2,770,000.00	$	-	$	67,375.00	$	226,831.25	
05/01/30	$	2,770,000.00	$	95,000.00	$	67,375.00			
11/01/30	$	2,675,000.00	$	-	$	65,178.13	$	227,553.13	
05/01/31	$	2,675,000.00	$	95,000.00	$	65,178.13			
11/01/31	$	2,580,000.00	$	-	$	62,981.25	$	223,159.38	
05/01/32	$	2,580,000.00	$	100,000.00	$	62,981.25			
11/01/32	$	2,480,000.00	$	-	$	60,668.75	$	223,650.00	
05/01/33	$	2,480,000.00	$	105,000.00	$	60,668.75			
11/01/33	$	2,375,000.00	$	-	$	58,240.63	$	223,909.38	
05/01/34	$	2,375,000.00	$	110,000.00	$	58,240.63			
11/01/34	$	2,265,000.00	$	-	$	55,696.88	$	223,937.50	
05/01/35	$	2,265,000.00	$	115,000.00	$	55,696.88			
11/01/35	$	2,150,000.00	$	-	$	53,037.50	$	223,734.38	
05/01/36	$	2,150,000.00	$	120,000.00	$	53,037.50			
11/01/36	$	2,030,000.00	$	-	$	50,262.50	$	223,300.00	
05/01/37	$	2,030,000.00	$	125,000.00	$	50,262.50			
11/01/37	$	1,905,000.00	$	-	$	47,371.88	$	222,634.38	
05/01/38	$	1,905,000.00	$	135,000.00	$	47,371.88			
11/01/38	$	1,770,000.00	$	-	$	44,250.00	$	226,621.88	
05/01/39	$	1,770,000.00	$	140,000.00	$	44,250.00			
11/01/39	$	1,630,000.00	$	-	$	40,750.00	$	225,000.00	
05/01/40	$	1,630,000.00	$	145,000.00	$	40,750.00			
11/01/40	$	1,485,000.00	$	-	$	37,125.00	$	222,875.00	
05/01/41	$	1,485,000.00	$	155,000.00	$	37,125.00			
11/01/41	$	1,330,000.00	$	-	$	33,250.00	$	225,375.00	
05/01/42	$	1,330,000.00	$	160,000.00	$	33,250.00			
11/01/42	$	1,170,000.00	$	-	$	29,250.00	$	222,500.00	
05/01/43	$	1,170,000.00	$	170,000.00	$	29,250.00			
11/01/43	$	1,000,000.00	$	-	$	25,000.00	$	224,250.00	
05/01/44	$	1,000,000.00	$	180,000.00	$	25,000.00			
11/01/44	$	820,000.00	$	-	$	20,500.00	$	225,500.00	
05/01/45	$	820,000.00	$	190,000.00	$	20,500.00			
11/01/45	$	630,000.00	$	-	$	15,750.00	$	226,250.00	
05/01/46	$	630,000.00	$	200,000.00	$	15,750.00			
11/01/46	$	430,000.00	$	-	$	10,750.00	$	226,500.00	
05/01/47	$	430,000.00	$	210,000.00	$	10,750.00			
11/01/47	$	220,000.00	$	-	$	5,500.00	$	226,250.00	
05/01/48	$	220,000.00	$	220,000.00	$	5,500.00	$	225,500.00	
			$	3,025,000.00	$	1,992,862.50	$	5,172,341.25	

Proposed Budget
Series 2018 Debt Service Fund

	Adopted Budget FY 2026	Actuals Thru 1/31/26	Projected Next
8 Months	Total Projected 9/30/26	Proposed Budget FY 2027	

Revenues						
Assessments	$	123,938	$	122,280	$	1,659	$	123,938	$	123,938	
Interest	$	1,515	$	1,691	$	1,268	$	2,958	$	1,268	
Carry Forward Surplus	$	94,371	$	96,419	$	-	$	96,419	$	99,629	
Total Revenues	$	219,825	$	220,389	$	2,927	$	223,316	$	224,835	

Expenditures						
Interest - 11/1	$	41,844	$	41,844	$	-	$	41,844	$	40,844	
Principal - 5/1	$	40,000	$	-	$	40,000	$	40,000	$	40,000	
Interest - 5/1	$	41,844	$	-	$	41,844	$	41,844	$	40,844	
Total Expenditures	$	123,688	$	41,844	$	81,844	$	123,688	$	121,688	
						
Excess Revenues/(Expenditures)	$	96,137	$	178,546	$	(78,917)  $	99,629	$	103,147	
			
Interest - 11/1/27	
$39,844	
Product Type	ERU/Unit	Assessable Units	Total ERUs	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 2	1.00	100	100	$123,938.31	$1,239.38	$1,332.67	
	100	100	$123,938.31			

Series 2018 Special Assessment Bonds Amortization Schedule

Date		Balance		Principal		Interest		Total	
									
11/01/26	$	1,580,000.00	$	-	$	40,843.75	$	122,687.50	
05/01/27	$	1,580,000.00	$	40,000.00	$	40,843.75			
11/01/27	$	1,540,000.00	$	-	$	39,843.75	$	120,687.50	
05/01/28	$	1,540,000.00	$	40,000.00	$	39,843.75			
11/01/28	$	1,500,000.00	$	-	$	38,843.75	$	118,687.50	
05/01/29	$	1,500,000.00	$	45,000.00	$	38,843.75			
11/01/29	$	1,455,000.00	$	-	$	37,718.75	$	121,562.50	
05/01/30	$	1,455,000.00	$	45,000.00	$	37,718.75			
11/01/30	$	1,410,000.00	$	-	$	36,593.75	$	119,312.50	
05/01/31	$	1,410,000.00	$	50,000.00	$	36,593.75			
11/01/31	$	1,360,000.00	$	-	$	35,343.75	$	121,937.50	
05/01/32	$	1,360,000.00	$	50,000.00	$	35,343.75			
11/01/32	$	1,310,000.00	$	-	$	34,093.75	$	119,437.50	
05/01/33	$	1,310,000.00	$	55,000.00	$	34,093.75			
11/01/33	$	1,255,000.00	$	-	$	32,718.75	$	121,812.50	
05/01/34	$	1,255,000.00	$	55,000.00	$	32,718.75			
11/01/34	$	1,200,000.00	$	-	$	31,343.75	$	119,062.50	
05/01/35	$	1,200,000.00	$	60,000.00	$	31,343.75			
11/01/35	$	1,140,000.00	$	-	$	29,843.75	$	121,187.50	
05/01/36	$	1,140,000.00	$	65,000.00	$	29,843.75			
11/01/36	$	1,075,000.00	$	-	$	28,218.75	$	123,062.50	
05/01/37	$	1,075,000.00	$	65,000.00	$	28,218.75			
11/01/37	$	1,010,000.00	$	-	$	26,512.50	$	119,731.25	
05/01/38	$	1,010,000.00	$	70,000.00	$	26,512.50			
11/01/38	$	940,000.00	$	-	$	24,675.00	$	121,187.50	
05/01/39	$	940,000.00	$	75,000.00	$	24,675.00			
11/01/39	$	865,000.00	$	-	$	22,706.25	$	122,381.25	
05/01/40	$	865,000.00	$	80,000.00	$	22,706.25			
11/01/40	$	785,000.00	$	-	$	20,606.25	$	123,312.50	
05/01/41	$	785,000.00	$	80,000.00	$	20,606.25			
11/01/41	$	705,000.00	$	-	$	18,506.25	$	119,112.50	
05/01/42	$	705,000.00	$	85,000.00	$	18,506.25			
11/01/42	$	620,000.00	$	-	$	16,275.00	$	119,781.25	
05/01/43	$	620,000.00	$	90,000.00	$	16,275.00			
11/01/43	$	530,000.00	$	-	$	13,912.50	$	120,187.50	
05/01/44	$	530,000.00	$	95,000.00	$	13,912.50			
11/01/44	$	435,000.00	$	-	$	11,418.75	$	120,331.25	
05/01/45	$	435,000.00	$	100,000.00	$	11,418.75			
11/01/45	$	335,000.00	$	-	$	8,793.75	$	120,212.50	
05/01/46	$	335,000.00	$	105,000.00	$	8,793.75			
11/01/46	$	230,000.00	$	-	$	6,037.50	$	119,831.25	
05/01/47	$	230,000.00	$	110,000.00	$	6,037.50			
11/01/47	$	120,000.00	$	-	$	3,150.00	$	119,187.50	
05/01/48	$	120,000.00	$	120,000.00	$	3,150.00	$	123,150.00	
			$	1,620,000.00	$	1,199,687.50	$	2,897,406.25	

Proposed Budget
Series 2020 A3 Debt Service Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Projected	Proposed Budget	
	FY 2026	1/31/26	8 Months	9/30/26	FY 2027	

Revenues						
Assessments	$	238,365	$	235,175	$	3,190	$	238,365	$	238,365	
Interest	$	3,801	$	3,101	$	2,326	$	5,427	$	4,070	
Carry Forward Surplus	$	200,440	$	205,079	$	-	$	205,079	$	212,871	
Total Revenues	$	442,606	$	443,355	$	5,516	$	448,871	$	455,307	

Expenditures						
Interest - 11/1	$	83,700	$	83,700	$	-	$	83,700	$	82,300	
Principal - 11/1	$	70,000	$	70,000	$	-	$	70,000	$	70,000	
Interest - 5/1	$	82,300	$	-	$	82,300	$	82,300	$	80,725	
Total Expenditures	$	236,000	$	153,700	$	82,300	$	236,000	$	233,025	
						
Excess Revenues/(Expenditures)	$	206,606	$	289,655	$	(76,784)	$	212,871	$	222,282	

Interest - 11/1/27	
$81,725	
Principal - 11/1/27	$75,000	
Total	$156,725	

Product Type	ERU/Unit	Assessable Units	Total ERUs	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 3	1.00	182	182	$238,365.47	$1,309.70	$1,408.28	
		182	182	$238,365.47			

Series 2020 Special Assessment Bonds Area 3 Amortization Schedule

Date		Balance		Principal		Interest		Total	
									
11/01/26	$	3,340,000.00	$	70,000.00	$	82,300.00	$	234,600.00	
05/01/27	$	3,270,000.00	$	-	$	80,725.00			
11/01/27	$	3,270,000.00	$	75,000.00	$	80,725.00	$	236,450.00	
05/01/28	$	3,195,000.00	$	-	$	79,037.50			
11/01/28	$	3,195,000.00	$	80,000.00	$	79,037.50	$	238,075.00	
05/01/29	$	3,115,000.00	$	-	$	77,237.50			
11/01/29	$	3,115,000.00	$	80,000.00	$	77,237.50	$	234,475.00	
05/01/30	$	3,035,000.00	$	-	$	75,437.50			
11/01/30	$	3,035,000.00	$	85,000.00	$	75,437.50	$	235,875.00	
05/01/31	$	2,950,000.00	$	-	$	73,525.00			
11/01/31	$	2,860,000.00	$	90,000.00	$	71,500.00	$	235,025.00	
05/01/32	$	2,860,000.00	$	-	$	71,500.00			
11/01/32	$	2,860,000.00	$	95,000.00	$	71,500.00	$	238,000.00	
05/01/33	$	2,765,000.00	$	-	$	69,125.00			
11/01/33	$	2,765,000.00	$	100,000.00	$	69,125.00	$	238,250.00	
05/01/34	$	2,665,000.00	$	-	$	66,625.00			
11/01/34	$	2,665,000.00	$	105,000.00	$	66,625.00	$	238,250.00	
05/01/35	$	2,560,000.00	$	-	$	64,000.00			
11/01/35	$	2,560,000.00	$	110,000.00	$	64,000.00	$	238,000.00	
05/01/36	$	2,450,000.00	$	-	$	61,250.00			
11/01/36	$	2,450,000.00	$	115,000.00	$	61,250.00	$	237,500.00	
05/01/37	$	2,335,000.00	$	-	$	58,375.00			
11/01/37	$	2,335,000.00	$	120,000.00	$	58,375.00	$	236,750.00	
05/01/38	$	2,215,000.00	$	-	$	55,375.00			
11/01/38	$	2,215,000.00	$	125,000.00	$	55,375.00	$	235,750.00	
05/01/39	$	2,090,000.00	$	-	$	52,250.00			
11/01/39	$	2,090,000.00	$	130,000.00	$	52,250.00	$	234,500.00	
05/01/40	$	1,960,000.00	$	-	$	49,000.00			
11/01/40	$	1,960,000.00	$	140,000.00	$	49,000.00	$	238,000.00	
05/01/41	$	1,820,000.00	$	-	$	45,500.00			
11/01/41	$	1,820,000.00	$	145,000.00	$	45,500.00	$	236,000.00	
05/01/42	$	1,675,000.00	$	-	$	41,875.00			
11/01/42	$	1,675,000.00	$	150,000.00	$	41,875.00	$	233,750.00	
05/01/43	$	1,525,000.00	$	-	$	38,125.00			
11/01/43	$	1,525,000.00	$	160,000.00	$	38,125.00	$	236,250.00	
05/01/44	$	1,365,000.00	$	-	$	34,125.00			
11/01/44	$	1,365,000.00	$	165,000.00	$	34,125.00	$	233,250.00	
05/01/45	$	1,200,000.00	$	-	$	30,000.00			
11/01/45	$	1,200,000.00	$	175,000.00	$	30,000.00	$	235,000.00	
05/01/46	$	1,025,000.00	$	-	$	25,625.00			
11/01/46	$	1,025,000.00	$	185,000.00	$	25,625.00	$	236,250.00	
05/01/47	$	840,000.00	$	-	$	21,000.00			
11/01/47	$	840,000.00	$	195,000.00	$	21,000.00	$	237,000.00	
05/01/48	$	645,000.00	$	-	$	16,125.00			
11/01/48	$	645,000.00	$	205,000.00	$	16,125.00	$	237,250.00	
05/01/49	$	440,000.00	$	-	$	11,000.00			
11/01/49	$	440,000.00	$	215,000.00	$	11,000.00	$	237,000.00	
05/01/50	$	225,000.00	$	-	$	5,625.00			
11/01/50	$	225,000.00	$	225,000.00	$	5,625.00	$	236,250.00	
			$	3,340,000.00	$	2,485,200.00	$	5,907,500.00	

Proposed Budget
Series 2020 A4 Debt Service Fund

	Adopted Budget FY 2026	Actuals Thru 1/31/26	Projected Next
8 Months	Total Projected 9/30/26	Proposed Budget FY 2027	

Revenues						
Assessments	$	191,400	$	188,838	$	2,562	$	191,400	$	191,400	
Interest	$	2,761	$	2,037	$	1,527	$	3,564	$	2,673	
Carry Forward Surplus	$	96,365	$	99,155	$	-	$	99,155	$	103,819	
Total Revenues	$	290,526	$	290,030	$	4,089	$	294,119	$	297,892	

Expenditures						
Interest - 11/1	$	60,150	$	60,150	$	-	$	60,150	$	58,925	
Principal - 5/1	$	70,000	$	-	$	70,000	$	70,000	$	70,000	
Interest - 5/1	$	60,150	$	-	$	60,150	$	60,150	$	58,925	
Total Expenditures	$	190,300	$	60,150	$	130,150	$	190,300	$	187,850	
						
Excess Revenues/(Expenditures)	$	100,226	$	229,880	$	(126,061)  $	103,819	$	110,042	
			
Interest - 11/1/27	
$57,700	
Product Type	ERU/Unit	Assessable Units	Total ERUs	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 3	1.00	142	142	$191,399.84	$1,347.89	$1,449.34	
	142	142	$191,399.84			

Series 2020 Special Assessment Bonds Area 4 Amortization Schedule

Date		Balance		Principal		Interest		Total	
									
11/01/26	$	2,995,000.00	$	-	$	58,925.00	$	189,075.00	
05/01/27	$	2,995,000.00	$	70,000.00	$	58,925.00			
11/01/27	$	2,925,000.00	$	-	$	57,700.00	$	186,625.00	
05/01/28	$	2,925,000.00	$	75,000.00	$	57,700.00			
11/01/28	$	2,850,000.00	$	-	$	56,387.50	$	189,087.50	
05/01/29	$	2,850,000.00	$	80,000.00	$	56,387.50			
11/01/29	$	2,770,000.00	$	-	$	54,987.50	$	191,375.00	
05/01/30	$	2,770,000.00	$	80,000.00	$	54,987.50			
11/01/30	$	2,690,000.00	$	-	$	53,587.50	$	188,575.00	
05/01/31	$	2,690,000.00	$	85,000.00	$	53,587.50			
11/01/31	$	2,605,000.00	$	-	$	52,100.00	$	190,687.50	
05/01/32	$	2,605,000.00	$	85,000.00	$	52,100.00			
11/01/32	$	2,520,000.00	$	-	$	50,400.00	$	187,500.00	
05/01/33	$	2,520,000.00	$	90,000.00	$	50,400.00			
11/01/33	$	2,430,000.00	$	-	$	48,600.00	$	189,000.00	
05/01/34	$	2,430,000.00	$	95,000.00	$	48,600.00			
11/01/34	$	2,335,000.00	$	-	$	46,700.00	$	190,300.00	
05/01/35	$	2,335,000.00	$	100,000.00	$	46,700.00			
11/01/35	$	2,235,000.00	$	-	$	44,700.00	$	191,400.00	
05/01/36	$	2,235,000.00	$	100,000.00	$	44,700.00			
11/01/36	$	2,135,000.00	$	-	$	42,700.00	$	187,400.00	
05/01/37	$	2,135,000.00	$	105,000.00	$	42,700.00			
11/01/37	$	2,030,000.00	$	-	$	40,600.00	$	188,300.00	
05/01/38	$	2,030,000.00	$	110,000.00	$	40,600.00			
11/01/38	$	1,920,000.00	$	-	$	38,400.00	$	189,000.00	
05/01/39	$	1,920,000.00	$	115,000.00	$	38,400.00			
11/01/39	$	1,805,000.00	$	-	$	36,100.00	$	189,500.00	
05/01/40	$	1,805,000.00	$	120,000.00	$	36,100.00			
11/01/40	$	1,685,000.00	$	-	$	33,700.00	$	189,800.00	
05/01/41	$	1,685,000.00	$	125,000.00	$	33,700.00			
11/01/41	$	1,560,000.00	$	-	$	31,200.00	$	189,900.00	
05/01/42	$	1,560,000.00	$	130,000.00	$	31,200.00			
11/01/42	$	1,430,000.00	$	-	$	28,600.00	$	189,800.00	
05/01/43	$	1,430,000.00	$	135,000.00	$	28,600.00			
11/01/43	$	1,295,000.00	$	-	$	25,900.00	$	189,500.00	
05/01/44	$	1,295,000.00	$	140,000.00	$	25,900.00			
11/01/44	$	1,155,000.00	$	-	$	23,100.00	$	189,000.00	
05/01/45	$	1,155,000.00	$	145,000.00	$	23,100.00			
11/01/45	$	1,010,000.00	$	-	$	20,200.00	$	188,300.00	
05/01/46	$	1,010,000.00	$	150,000.00	$	20,200.00			
11/01/46	$	860,000.00	$	-	$	17,200.00	$	187,400.00	
05/01/47	$	860,000.00	$	160,000.00	$	17,200.00			
11/01/47	$	700,000.00	$	-	$	14,000.00	$	191,200.00	
05/01/48	$	700,000.00	$	165,000.00	$	14,000.00			
11/01/48	$	535,000.00	$	-	$	10,700.00	$	189,700.00	
05/01/49	$	535,000.00	$	170,000.00	$	10,700.00			
11/01/49	$	365,000.00	$	-	$	7,300.00	$	188,000.00	
05/01/50	$	365,000.00	$	180,000.00	$	7,300.00			
11/01/50	$	185,000.00	$	-	$	3,700.00	$	191,000.00	
05/01/51	$	185,000.00	$	185,000.00	$	3,700.00	$	188,700.00	
			$	2,995,000.00	$	1,794,975.00	$	4,920,125.00	

Proposed Budget Capital Reserve Fund

	Adopted Budget FY 2026	Actuals Thru 1/31/26	Projected Next
8 Months	Total Projected 9/30/26	Proposed Budget FY 2027	

Revenues							
Interest	$	1,968	$	2,439	$	1,829	$	4,268	$	2,134	
Carry Forward Surplus	$	182,390	$	209,200	$	-	$	209,200	$	238,469	
Total Revenues	$	184,358	$	211,639	$	1,829	$	213,469	$	240,603	

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

Other Financing Sources/(Uses)							
Transfer In/(Out)	$	55,000	$	-	$	25,000	$	25,000	$	-	
Total Other Financing Sources/(Uses)	$	55,000	$	-	$	25,000	$	25,000	$	-	
							
Excess Revenues/(Expenditures)	$	239,358	$	211,639	$	26,829	$	238,469	$	240,603