Southern Grove Community Development Districts #1-10

Proposed Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

3-4	PROPOSED BUDGET-RECAP CDD 1-6
5-6	PROPOSED BUDGET-RECAP CDD 1-6 FY22 COMPARISON
7-8	PROPOSED BUDGET-CDD 1
9-10	PROPOSED BUDGET-CDD 2
11-12 PROPOSED BUDGET-CDD 3
13-14 PROPOSED BUDGET-CDD 4
15-16 PROPOSED BUDGET-CDD 5
17-18 PROPOSED BUDGET-CDD 6
19-20 PROPOSED BUDGET-CDD 7
21-22 PROPOSED BUDGET-CDD 8
23-24 PROPOSED BUDGET-CDD 9
25-26 PROPOSED BUDGET-CDD 10
27-28 PROPOSED OPERATIONS & MAINTENANCE ASSESSMENTS
PROPOSED DEBT SERVICE FUND BUDGET- CDD 1-10
PROPOSED DEBT ASSESSMENTS

	CDD 1	CDD 2			CDD 3			CDD 4			CDD 5			CDD 6			CDD 7			CDD 8			CDD 9			CDD 10			TOTAL		

REVENUES	
ON-ROLL ASSESSMENTS - DEBT	

$	24,284.78	

$	325,650.77	

$	342,946.02	

$	386,872.91	

$	439,268.86	

$	164,457.97	

$	386,872.91	

$	342,946.02	

$	164,457.97	

$	349,323.33	

$	2,927,081.54	
ON-ROLL ASSESSMENTS - Admin	$	70,315.65	$	70,315.65	$	70,315.65	$	70,315.65	$	70,315.65	$	70,315.65	$	70,315.65	$	70,315.65	$	70,315.65	$	70,315.65	$	703,156.52	
ON-ROLL ASSESSMENTS - Maintenance	$	7,114.02	$	95,396.68	$	100,463.18	$	113,331.19	$	128,680.15	$	48,176.59	$	113,331.19	$	100,463.18	$	48,176.59	$	102,331.36	$	857,464.13	

DEVELOPER CONTRIBUTION/BONDS - TIM STORMWATER

$	-	$
$	7,466.93	$

-	$
100,128.98	$

-	$
105,446.81	$

-	$
118,953.17	$

-	$
135,063.53	$

-	$
50,566.47	$

-	$
118,953.17	$

-	$
105,446.81	$

-	$
50,566.47	$

-	$
107,407.67	$

- 900,000.00

CARRY OVER FUNDS FROM PRIOR YEAR	
Total Revenues	

 $	- 
 $  109,181.39

 $	- 
 $  591,492.08

 $	- 
 $  619,171.66

 $	- 
 $  689,472.92

 $	- 
 $  773,328.19

 $	- 
 $  333,516.69

 $	- 
 $  689,472.92

 $	- 
 $  619,171.66

 $	- 
 $  333,516.69

 $	- 
 $  629,378.00

 $	- 
 $ 5,387,702.20

EXPENDITURES - ADMIN			
ARBITRAGE REBATE FEE	$	650.00	$	650.00	$	650.00	$	650.00	$	650.00	$	650.00	$	650.00	$	650.00	$	650.00	$	650.00	$	6,500.00	
AUDIT	$	6,000.00	$	6,000.00	$	6,000.00	$	6,000.00	$	6,000.00	$	6,000.00	$	6,000.00	$	6,000.00	$	6,000.00	$	6,000.00	$	60,000.00	
DISSEMINATION AGENT	$	400.00	$	400.00	$	400.00	$	400.00	$	400.00	$	400.00	$	400.00	$	400.00	$	400.00	$	400.00	$	4,000.00	
DISTRICT COUNSEL	$	6,000.00	$	6,000.00	$	6,000.00	$	6,000.00	$	6,000.00	$	6,000.00	$	6,000.00	$	6,000.00	$	6,000.00	$	6,000.00	$	60,000.00	
MANAGEMENT	$	7,205.40	$	7,205.40	$	7,205.40	$	7,205.40	$	7,205.40	$	7,205.40	$	7,205.40	$	7,205.40	$	7,205.40	$	7,205.40	$	72,054.00	
ASSESSMENT ROLL	$	600.00	$	600.00	$	600.00	$	600.00	$	600.00	$	600.00	$	600.00	$	600.00	$	600.00	$	600.00	$	6,000.00	
TIF/SAD REBATE ANALYSIS	$	8,500.00	$	8,500.00	$	8,500.00	$	8,500.00	$	8,500.00	$	8,500.00	$	8,500.00	$	8,500.00	$	8,500.00	$	8,500.00	$	85,000.00	
DUES, LICENSES & FEES	$	175.00	$	175.00	$	175.00	$	175.00	$	175.00	$	175.00	$	175.00	$	175.00	$	175.00	$	175.00	$	1,750.00	
ENGINEERING	$	17,500.00	$	17,500.00	$	17,500.00	$	17,500.00	$	17,500.00	$	17,500.00	$	17,500.00	$	17,500.00	$	17,500.00	$	17,500.00	$	175,000.00	
GENERAL INSURANCE	$	6,500.00	$	6,500.00	$	6,500.00	$	6,500.00	$	6,500.00	$	6,500.00	$	6,500.00	$	6,500.00	$	6,500.00	$	6,500.00	$	65,000.00	
WEB SITE MAINTENANCE	$	750.00	$	750.00	$	750.00	$	750.00	$	750.00	$	750.00	$	750.00	$	750.00	$	750.00	$	750.00	$	7,500.00	
LEGAL ADVERTISING	$	380.00	$	380.00	$	380.00	$	380.00	$	380.00	$	380.00	$	380.00	$	380.00	$	380.00	$	380.00	$	3,800.00	
TRAVEL AND PER DIEM	$	60.00	$	60.00	$	60.00	$	60.00	$	60.00	$	60.00	$	60.00	$	60.00	$	60.00	$	60.00	$	600.00	
OFFICE SUPPLIES	$	100.00	$	100.00	$	100.00	$	100.00	$	100.00	$	100.00	$	100.00	$	100.00	$	100.00	$	100.00	$	1,000.00	
OFFICE RENT	$	2,000.00	$	2,000.00	$	2,000.00	$	2,000.00	$	2,000.00	$	2,000.00	$	2,000.00	$	2,000.00	$	2,000.00	$	2,000.00	$	20,000.00	
POSTAGE & SHIPPING	$	50.00	$	50.00	$	50.00	$	50.00	$	50.00	$	50.00	$	50.00	$	50.00	$	50.00	$	50.00	$	500.00	
COPIES	$	200.00	$	200.00	$	200.00	$	200.00	$	200.00	$	200.00	$	200.00	$	200.00	$	200.00	$	200.00	$	2,000.00	
SUPERVISOR FEES	$	1,920.00	$	1,920.00	$	1,920.00	$	1,920.00	$	1,920.00	$	1,920.00	$	1,920.00	$	1,920.00	$	1,920.00	$	1,920.00	$	19,200.00	
CONTINGENCY ADMIN	$	5,000.00	$	5,000.00	$	5,000.00	$	5,000.00	$	5,000.00	$	5,000.00	$	5,000.00	$	5,000.00	$	5,000.00	$	5,000.00	$	50,000.00	
TRUSTEE SERVICES	$	700.00	$	700.00	$	700.00	$	700.00	$	700.00	$	700.00	$	700.00	$	700.00	$	700.00	$	700.00	$	7,000.00	
TOTAL ADMINISTRATIVE EXPENSES	$	64,690.40	$	64,690.40	$	64,690.40	$	64,690.40	$	64,690.40	$	64,690.40	$	64,690.40	$	64,690.40	$	64,690.40	$	64,690.40	$	646,904.00	

	CDD 1	CDD 2			CDD 3			CDD 4			CDD 5			CDD 6			CDD 7			CDD 8			CDD 9			CDD 10			TOTAL		

EXPENDITURES - MAINTENANCE	
AQUATIC MAINTENANCE		

$	829.66		

$	11,125.44		

$	11,716.31		

$	13,217.02		

$	15,007.06		

$	5,618.50		

$	13,217.02		

$	11,716.31		

$	5,618.50		

$	11,934.19		

$	100,000.00	
BULDING MAINTENANCE		$	1,659.32		$	22,250.88		$	23,432.63		$	26,434.04		$	30,014.12		$	11,236.99		$	26,434.04		$	23,432.63		$	11,236.99		$	23,868.37		$	200,000.00	
COMMUNITY AREA MAINTENANCE		$	622.24		$	8,344.08		$	8,787.23		$	9,912.76		$	11,255.29		$	4,213.87		$	9,912.76		$	8,787.23		$	4,213.87		$	8,950.64		$	75,000.00	
TIM OPERATIONS		$	1,248.64		$	16,743.79		$	17,633.05		$	19,891.61		$	22,585.62		$	8,455.84		$	19,891.61		$	17,633.05		$	8,455.84		$	17,960.95		$	150,500.00	
CONTINGENCY		$	829.66		$	11,125.44		$	11,716.31		$	13,217.02		$	15,007.06		$	5,618.50		$	13,217.02		$	11,716.31		$	5,618.50		$	11,934.19		$	100,000.00	
DEVELOPMENT COORDINATOR		$	261.07		$	3,500.84		$	3,686.77		$	4,159.00		$	4,722.27		$	1,767.97		$	4,159.00		$	3,686.77		$	1,767.97		$	3,755.33		$	31,467.00	
ELECTRIC		$	207.41		$	2,781.36		$	2,929.08		$	3,304.25		$	3,751.76		$	1,404.62		$	3,304.25		$	2,929.08		$	1,404.62		$	2,983.55		$	25,000.00	
ENGINEERING - MAINT.		$	1,451.90		$	19,469.52		$	20,503.55		$	23,129.78		$	26,262.35		$	9,832.37		$	23,129.78		$	20,503.55		$	9,832.37		$	20,884.82		$	175,000.00	
FIELD MANAGEMENT		$	622.24		$	8,344.08		$	8,787.23		$	9,912.76		$	11,255.29		$	4,213.87		$	9,912.76		$	8,787.23		$	4,213.87		$	8,950.64		$	75,000.00	
FOUNTAIN MAINTENANCE & CHEMICALS		$	265.49		$	3,560.14		$	3,749.22		$	4,229.45		$	4,802.26		$	1,797.92		$	4,229.45		$	3,749.22		$	1,797.92		$	3,818.94		$	32,000.00	
IRRIGATION PARTS & REPAIRS		$	165.93		$	2,225.09		$	2,343.26		$	2,643.40		$	3,001.41		$	1,123.70		$	2,643.40		$	2,343.26		$	1,123.70		$	2,386.84		$	20,000.00	
IRRIGATION WATER		$	16.59		$	222.51		$	234.33		$	264.34		$	300.14		$	112.37		$	264.34		$	234.33		$	112.37		$	238.68		$	2,000.00	
LANDSCAPE MAINTENANCE		$	1,393.00		$	18,679.62		$	19,671.69		$	22,191.37		$	25,196.85		$	9,433.46		$	22,191.37		$	19,671.69		$	9,433.46		$	20,037.50		$	167,900.00	
SIDEWALK CLEANING AND REPAIR		$	248.90		$	3,337.63		$	3,514.89		$	3,965.11		$	4,502.12		$	1,685.55		$	3,965.11		$	3,514.89		$	1,685.55		$	3,580.26		$	30,000.00	
SIGNAGE		$	82.97		$	1,112.54		$	1,171.63		$	1,321.70		$	1,500.71		$	561.85		$	1,321.70		$	1,171.63		$	561.85		$	1,193.42		$	10,000.00	
STORMWATER CONTROL		$	3,526.05		$	47,283.13		$	49,794.33		$	56,172.33		$	63,780.00		$	23,878.61		$	56,172.33		$	49,794.33		$	23,878.61		$	50,720.29		$	425,000.00	
STREETLIGHT MAINTENANCE AND REPAIR		$	165.93		$	2,225.09		$	2,343.26		$	2,643.40		$	3,001.41		$	1,123.70		$	2,643.40		$	2,343.26		$	1,123.70		$	2,386.84		$	20,000.00	
TREE/PLANT REPLACEMENT & TRIM		$	414.83		$	5,562.72		$	5,858.16		$	6,608.51		$	7,503.53		$	2,809.25		$	6,608.51		$	5,858.16		$	2,809.25		$	5,967.09		$	50,000.00	
TOTAL MAINTENANCE EXPENSES		$	14,011.83		$	187,893.92		$	197,872.94		$	223,217.86		$	253,449.27		$	94,888.93		$	223,217.86		$	197,872.94		$	94,888.93		$	201,552.51		$	1,688,867.00	
																							
Total Expenditures			 $	78,702.23		 $  252,584.32		 $  262,563.34		 $  287,908.26		 $  318,139.67		 $  159,579.33		 $  287,908.26		 $  262,563.34		 $  159,579.33		 $  266,242.91		 $ 2,335,771.00	
EXCESS / (SHORTFALL)			 $	30,479.16		 $  338,907.75		 $  356,608.33		 $  401,564.66		 $  455,188.52		 $  173,937.35		 $  401,564.66		 $  356,608.33		 $  173,937.35		 $  363,135.09		 $ 3,051,931.20	

PAYMENTS TO TRUSTEE		$  (22,342.00)		$ (299,598.71)		$ (315,510.34)		$ (355,923.08)		$  (404,127.35)		$ (151,301.34)		$ (355,923.08)		$ (315,510.34)		$ (151,301.34)		$  (321,377.46)		$ (2,692,915.02)	
BALANCE			 $	8,137.16		 $	39,309.05		 $	41,097.99		 $	45,641.58		 $	51,061.17		 $	22,636.02		 $	45,641.58		 $	41,097.99		 $	22,636.02		 $	41,757.63		 $	359,016.18	

COUNTY APPRAISER & TAX COLLECTOR FEE		
$	(4,068.58)		
$	(19,654.52)		
$	(20,548.99)		
$	(22,820.79)		
$	(25,530.59)		
$	(11,318.01)		
$	(22,820.79)		
$	(20,548.99)		
$	(11,318.01)		
$	(20,878.81)		
$	(179,508.09)	
DISCOUNTS FOR EARLY PAYMENTS		$	(4,068.58)		$	(19,654.52)		$	(20,548.99)		$	(22,820.79)		$	(25,530.59)		$	(11,318.01)		$	(22,820.79)		$	(20,548.99)		$	(11,318.01)		$	(20,878.81)		$	(179,508.09)	
NET EXCESS / (SHORTFALL)			 $	-			 $	-			 $	-			 $	-			 $	-			 $	-			 $	-			 $	-			 $	-			 $	-			 $	-		

SOUTHERN GROVE COMMUNITY DEVELOPMENT DISTRICT #1-10 RECAP FISCAL YEAR 2023/2024
OCTOBER 1, 2023- SEPTEMBER 30, 2024

	FISCAL YEAR		FISCAL YEAR		
	2022/2023		2023/2024		
		ANNUAL BUDGET			  PROPOSED BUDGET 	 COMMENTS		
REVENUES	
ON-ROLL ASSESSMENTS - DEBT (2019 Bonds)		
483,920				
ON-ROLL ASSESSMENTS - DEBT (2020 Bonds)		462,955				
ON-ROLL ASSESSMENTS - DEBT (2021 Bonds) ON-ROLL ASSESSMENTS - DEBT (Combined)		1,007,565		
2,927,082	

Combined (2019, 2020, 2021, 2022)	
ON-ROLL ASSESSMENTS - Administrative		547,651		703,157		
ON-ROLL ASSESSMENTS - Maintenance		838,022		857,464		
ON-ROLL ASSESSMENTS - TIM		303,610		0	Included in Maintenance	
DEVELOPER CONTRIBUTION/BONDS - TIM		225,186		0		
STORMWATER		600,000		900,000		
CARRY OVER FUNDS FROM PRIOR YEAR				0		
Total Revenues		$	4,468,908		$	5,387,702		

EXPENDITURES - ADMIN	
ARBITRAGE FEE		

6,500		

6,500		
AUDIT		36,000		60,000	Budgeting for 10 CDDs	
DISSEMINATION AGENT		3,000		4,000	$1,000 per bond issue	
DISTRICT COUNSEL		48,000		60,000	Based on FY22 Actuals	
MANAGEMENT		32,054		72,054	Additional CDDs under management	
ASSESSMENT ROLL		6,000		6,000	No Change	
TIF/SAD REBATE ANALYSIS		65,000		85,000	Estimated Parcel increase for FY24	
DUES, LICENSES & FEES		1,050		1,750	Budgeting for 10 CDDs	
ENGINEERING		175,000		175,000	No Change	
GENERAL INSURANCE		40,135		65,000	Budgeting for 10 CDDs	
WEB SITE MAINTENANCE		4,500		7,500	Budgeting for 10 CDDs	
LEGAL ADVERTISING		3,800		3,800	No Change	
TRAVEL AND PER DIEM		500		600	$100 increase	
OFFICE SUPPLIES		1,000		1,000	No Change	
OFFICE RENT		18,000		20,000	$2,000 increase	
POSTAGE & SHIPPING		500		500	No Change	
COPIES		1,000		2,000	$1,000 increase	
SUPERVISOR FEES		4,800		19,200	Assumes maximum $4,800 x 4 supervisors	
CONTINGENCY ADMIN		50,000		50,000	No Change	
TRUSTEE SERVICES		7,000		7,000	No Change	
TOTAL ADMIN EXPENSES	503,839	646,904

SOUTHERN GROVE COMMUNITY DEVELOPMENT DISTRICT #1-10 RECAP FISCAL YEAR 2023/2024
OCTOBER 1, 2023- SEPTEMBER 30, 2024

	FISCAL YEAR	FISCAL YEAR		
	2022/2023	2023/2024		
		ANNUAL BUDGET		  PROPOSED BUDGET 	 COMMENTS		
EXPENDITURES - MAINT				
AQUATIC MAINTENANCE	85,000	100,000	Lake & Wetland Contract	
BULDING MAINTENANCE	475,000	200,000	Reduction - tower rehabilitation complete	
COMMUNITY AREA MAINTENANCE	75,000	75,000	No Change	
TIM OPERATIONS (Bond/Developer Funded)	528,796	150,500	50% of Operations: $211K  Insurance: $90K	
CONTINGENCY	173,500	100,000	Last Year included Security. No change at $100K	
DEVELOPMENT COORDINATOR	0	31,467	Split between TRA/SG	
ELECTRIC	25,000	25,000	No Change	
ENGINEERING - MAINT.	175,000	175,000	No Change	
FIELD MANAGEMENT	16,480	75,000	CPI increase per SDS Contract plus additional CDDs	
FOUNTAIN MAINTENANCE & CHEMICALS	32,000	32,000	No Change	
IRRIGATION PARTS & REPAIRS	20,000	20,000	No Change	
IRRIGATION WATER	2,000	2,000	No Change	
LANDSCAPE MAINTENANCE	146,000	167,900	CPM Contract	
SIDEWALK CLEANING AND REPAIR	30,000	30,000	No Change	
SIGNAGE	10,000	10,000	No Change	
STORMWATER CONTROL	50,000	425,000	Shenandoah proposal plus last year ($299K)	
STREETLIGHT MAINTENANCE AND REPAIR	20,000	20,000	No Change	
TREE/PLANT REPLACEMENT & TRIM	36,000	50,000	Expected increase ($14k)
TOTAL MAINTENANCE EXPENSES	1,899,776	1,688,867

Total Expenditures		$	2,403,615	$	2,335,771	

EXCESS / (SHORTFALL)		 

$	2,065,293	$	3,051,931	

PAYMENTS TO TRUSTEE		 
(1,798,084)	(2,692,915)	
BALANCE		$	267,209	$	359,016	

COUNTY APPRAISER & TAX COLLECTOR FEE		 
(133,604)	(179,508)	
DISCOUNTS FOR EARLY PAYMENTS		(133,604)	(179,508)	
NET EXCESS / (SHORTFALL)		$	-	$	-	

	FISCAL YEAR		FISCAL YEAR	
	2022/2023		2023/2024	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT		0		24,285	
ON-ROLL ASSESSMENTS - Admin		18,526		70,316	
ON-ROLL ASSESSMENTS - Maintenance		0		7,114	
DEVELOPER CONTRIBUTION/BONDS - TIM		0		0	
STORMWATER		0		7,467	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	18,526		$	109,181	

EXPENDITURES - ADMIN					
ARBITRAGE FEE		0		650	
AUDIT		6,000		6,000	
DISSEMINATION AGENT		42		400	
DISTRICT COUNSEL		671		6,000	
MANAGEMENT		435		7,205	
ASSESSMENT ROLL		84		600	
TIF/SAD REBATE ANALYSIS		364		8,500	
DUES, LICENSES & FEES		175		175	
ENGINEERING		2,448		17,500	
GENERAL INSURANCE		4,900		6,500	
WEB SITE MAINTENANCE		750		750	
LEGAL ADVERTISING		53		380	
TRAVEL AND PER DIEM		28		60	
OFFICE SUPPLIES		0		100	
OFFICE RENT		7		2,000	
POSTAGE & SHIPPING		14		50	
COPIES		231		200	
SUPERVISOR FEES		7		1,920	
CONTINGENCY ADMIN		35		5,000	
TRUSTEE SERVICES		800		700	
TOTAL ADMIN EXPENSES		17,044		64,690	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			PROPOSED BUDGET		
EXPENDITURES - MAINT			
AQUATIC MAINTENANCE		0	830	
BULDING MAINTENANCE		0	1,659	
COMMUNITY AREA MAINTENANCE		0	622	
TIM OPERATIONS		0	1,249	
CONTINGENCY		0	830	
DEVELOPMENT COORDINATOR		0	261	
ELECTRIC		0	207	
ENGINEERING - MAINT.		0	1,452	
FIELD MANAGEMENT		0	622	
FOUNTAIN MAINTENANCE & CHEMICALS		0	265	
IRRIGATION PARTS & REPAIRS		0	166	
IRRIGATION WATER		0	17	
LANDSCAPE MAINTENANCE		0	1,393	
SIDEWALK CLEANING AND REPAIR		0	249	
SIGNAGE		0	83	
STORMWATER CONTROL		0	3,526	
STREETLIGHT MAINTENANCE AND REPAIR		0	166	
TREE/PLANT REPLACEMENT & TRIM		0	415	
TOTAL MAINTENANCE EXPENSES		0	14,012	

 		
Total Expenditures		$	17,044	$	78,702	

 		
EXCESS / (SHORTFALL)		$	1,482	$	30,479	

PAYMENTS TO TRUSTEE		 	

-	(22,342)	
BALANCE		$	1,482	$	8,137	

COUNTY APPRAISER & TAX COLLECTOR FEE		 	
(741)	(4,069)	
DISCOUNTS FOR EARLY PAYMENTS		(741)	(4,069)	
NET EXCESS / (SHORTFALL)		$	-	$	-	

	FISCAL YEAR		FISCAL YEAR	
	2022/2023		2023/2024	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT		0		325,651	
ON-ROLL ASSESSMENTS - Admin		45,006		70,316	
ON-ROLL ASSESSMENTS - Maintenance		0		95,397	
DEVELOPER CONTRIBUTION/BONDS - TIM		0		0	
STORMWATER		0		100,129	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	45,006		$	591,492	

EXPENDITURES - ADMIN					
ARBITRAGE FEE		0		650	
AUDIT		6,000		6,000	
DISSEMINATION AGENT		269		400	
DISTRICT COUNSEL		4,312		6,000	
MANAGEMENT		2,796		7,205	
ASSESSMENT ROLL		539		600	
TIF/SAD REBATE ANALYSIS		2,337		8,500	
DUES, LICENSES & FEES		175		175	
ENGINEERING		15,721		17,500	
GENERAL INSURANCE		5,300		6,500	
WEB SITE MAINTENANCE		750		750	
LEGAL ADVERTISING		341		380	
TRAVEL AND PER DIEM		45		60	
OFFICE SUPPLIES		270		100	
OFFICE RENT		1,482		2,000	
POSTAGE & SHIPPING		45		50	
COPIES		225		200	
SUPERVISOR FEES		800		1,920	
CONTINGENCY ADMIN		0		5,000	
TRUSTEE SERVICES		0		700	
TOTAL ADMIN EXPENSES		41,407		64,690	

		FISCAL YEAR		FISCAL YEAR	
		2022/2023		2023/2024	
			ANNUAL BUDGET				PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		0		11,125	
BULDING MAINTENANCE		0		22,251	
COMMUNITY AREA MAINTENANCE		0		8,344	
TIM OPERATIONS		0		16,744	
CONTINGENCY		0		11,125	
DEVELOPMENT COORDINATOR		0		3,501	
ELECTRIC		0		2,781	
ENGINEERING - MAINT.		0		19,470	
FIELD MANAGEMENT		0		8,344	
FOUNTAIN MAINTENANCE & CHEMICALS		0		3,560	
IRRIGATION PARTS & REPAIRS		0		2,225	
IRRIGATION WATER		0		223	
LANDSCAPE MAINTENANCE		0		18,680	
SIDEWALK CLEANING AND REPAIR		0		3,338	
SIGNAGE		0		1,113	
STORMWATER CONTROL		0		47,283	
STREETLIGHT MAINTENANCE AND REPAIR		0		2,225	
TREE/PLANT REPLACEMENT & TRIM		0		5,563	
TOTAL MAINTENANCE EXPENSES		0		187,894	
					
Total Expenditures		$	41,407		$	252,584	
					
EXCESS / (SHORTFALL)		$	3,599		$	338,908	

PAYMENTS TO TRUSTEE		
-		
(299,599)	
BALANCE		$	3,599		$	39,309	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(1,800)		
(19,655)	
DISCOUNTS FOR EARLY PAYMENTS		(1,800)		(19,655)	
NET EXCESS / (SHORTFALL)		$	-		$	-	

		FISCAL YEAR		FISCAL YEAR	
		2022/2023		2023/2024	
			ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT		0		342,946	
ON-ROLL ASSESSMENTS - Admin		74,575		70,316	
ON-ROLL ASSESSMENTS - Maintenance		0		100,463	
DEVELOPER CONTRIBUTION/BONDS - TIM		0		0	
STORMWATER		0		105,447	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	74,575		$	619,172	

EXPENDITURES - ADMIN					
ARBITRAGE FEE		0		650	
AUDIT		6,000		6,000	
DISSEMINATION AGENT		528		400	
DISTRICT COUNSEL		8,445		6,000	
MANAGEMENT		5,475		7,205	
ASSESSMENT ROLL		1,056		600	
TIF/SAD REBATE ANALYSIS		4,576		8,500	
DUES, LICENSES & FEES		175		175	
ENGINEERING		30,789		17,500	
GENERAL INSURANCE		5,300		6,500	
WEB SITE MAINTENANCE		750		750	
LEGAL ADVERTISING		669		380	
TRAVEL AND PER DIEM		88		60	
OFFICE SUPPLIES		176		100	
OFFICE RENT		2,903		2,000	
POSTAGE & SHIPPING		88		50	
COPIES		440		200	
SUPERVISOR FEES		800		1,920	
CONTINGENCY ADMIN		352		5,000	
TRUSTEE SERVICES		0		700	
TOTAL ADMIN EXPENSES		68,610		64,690	

		FISCAL YEAR		FISCAL YEAR	
		2022/2023		2023/2024	
			ANNUAL BUDGET				PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		0		11,716	
BULDING MAINTENANCE		0		23,433	
COMMUNITY AREA MAINTENANCE		0		8,787	
TIM OPERATIONS		0		17,633	
CONTINGENCY		0		11,716	
DEVELOPMENT COORDINATOR		0		3,687	
ELECTRIC		0		2,929	
ENGINEERING - MAINT.		0		20,504	
FIELD MANAGEMENT		0		8,787	
FOUNTAIN MAINTENANCE & CHEMICALS		0		3,749	
IRRIGATION PARTS & REPAIRS		0		2,343	
IRRIGATION WATER		0		234	
LANDSCAPE MAINTENANCE		0		19,672	
SIDEWALK CLEANING AND REPAIR		0		3,515	
SIGNAGE		0		1,172	
STORMWATER CONTROL		0		49,794	
STREETLIGHT MAINTENANCE AND REPAIR		0		2,343	
TREE/PLANT REPLACEMENT & TRIM		0		5,858	
TOTAL MAINTENANCE EXPENSES		0		197,873	
					
Total Expenditures		$	68,610		$	262,563	
					
EXCESS / (SHORTFALL)		$	5,965		$	356,608	

PAYMENTS TO TRUSTEE		
-		
(315,510)	
BALANCE		$	5,965		$	41,098	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(2,983)		
(20,549)	
DISCOUNTS FOR EARLY PAYMENTS		(2,983)		(20,549)	
NET EXCESS / (SHORTFALL)		$	-		$	-	

		FISCAL YEAR		FISCAL YEAR	
		2022/2023		2023/2024	
			ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT		200,225		386,873	
ON-ROLL ASSESSMENTS - Admin		67,977		70,316	
ON-ROLL ASSESSMENTS - Maintenance		25,323		113,331	
DEVELOPER CONTRIBUTION/BONDS - TIM		0		0	
STORMWATER		33,211		118,953	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	326,736		$	689,473	

EXPENDITURES - ADMIN					
ARBITRAGE FEE		1,341		650	
AUDIT		6,000		6,000	
DISSEMINATION AGENT		446		400	
DISTRICT COUNSEL		7,130		6,000	
MANAGEMENT		4,623		7,205	
ASSESSMENT ROLL		891		600	
TIF/SAD REBATE ANALYSIS		3,864		8,500	
DUES, LICENSES & FEES		175		175	
ENGINEERING		25,995		17,500	
GENERAL INSURANCE		5,100		6,500	
WEB SITE MAINTENANCE		750		750	
LEGAL ADVERTISING		564		380	
TRAVEL AND PER DIEM		74		60	
OFFICE SUPPLIES		149		100	
OFFICE RENT		2,451		2,000	
POSTAGE & SHIPPING		74		50	
COPIES		371		200	
SUPERVISOR FEES		800		1,920	
CONTINGENCY ADMIN		297		5,000	
TRUSTEE SERVICES		1,444		700	
TOTAL ADMIN EXPENSES		62,539		64,690	

		FISCAL YEAR		FISCAL YEAR	
		2022/2023		2023/2024	
			ANNUAL BUDGET				PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		3,736		13,217	
BULDING MAINTENANCE		83		26,434	
COMMUNITY AREA MAINTENANCE		3,487		9,913	
TIM OPERATIONS		0		19,892	
CONTINGENCY		15,111		13,217	
DEVELOPMENT COORDINATOR		0		4,159	
ELECTRIC		2,076		3,304	
ENGINEERING - MAINT.		14,530		23,130	
FIELD MANAGEMENT		1,328		9,913	
FOUNTAIN MAINTENANCE & CHEMICALS		830		4,229	
IRRIGATION PARTS & REPAIRS		664		2,643	
IRRIGATION WATER		166		264	
LANDSCAPE MAINTENANCE		3,869		22,191	
SIDEWALK CLEANING AND REPAIR		2,491		3,965	
SIGNAGE		830		1,322	
STORMWATER CONTROL		4,151		56,172	
STREETLIGHT MAINTENANCE AND REPAIR		166		2,643	
TREE/PLANT REPLACEMENT & TRIM		2,989		6,609	
TOTAL MAINTENANCE EXPENSES		56,507		223,218	
					
Total Expenditures		$	119,046		$	287,908	
					
EXCESS / (SHORTFALL)		$	207,690		$	401,565	

PAYMENTS TO TRUSTEE		
(184,207)		
(355,923)	
BALANCE		$	23,483		$	45,642	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(11,742)		
(22,821)	
DISCOUNTS FOR EARLY PAYMENTS		(11,742)		(22,821)	
NET EXCESS / (SHORTFALL)		$	-		$	-	

		FISCAL YEAR		FISCAL YEAR	
		2022/2023		2023/2024	
			ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT		704,605		439,269	
ON-ROLL ASSESSMENTS - Admin		149,421		70,316	
ON-ROLL ASSESSMENTS - Maintenance		267,221		128,680	
DEVELOPER CONTRIBUTION/BONDS - TIM		1,113,700		0	
STORMWATER		350,454		135,064	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	2,585,401		$	773,328	

EXPENDITURES - ADMIN					
ARBITRAGE FEE		3,256		650	
AUDIT		6,000		6,000	
DISSEMINATION AGENT		1,082		400	
DISTRICT COUNSEL		17,317		6,000	
MANAGEMENT		11,227		7,205	
ASSESSMENT ROLL		2,165		600	
TIF/SAD REBATE ANALYSIS		9,384		8,500	
DUES, LICENSES & FEES		175		175	
ENGINEERING		63,136		17,500	
GENERAL INSURANCE		9,000		6,500	
WEB SITE MAINTENANCE		750		750	
LEGAL ADVERTISING		1,371		380	
TRAVEL AND PER DIEM		180		60	
OFFICE SUPPLIES		361		100	
OFFICE RENT		5,953		2,000	
POSTAGE & SHIPPING		180		50	
COPIES		902		200	
SUPERVISOR FEES		800		1,920	
CONTINGENCY ADMIN		4,228		5,000	
TRUSTEE SERVICES		0		700	
TIM Capital		720,000		0	
TOTAL ADMIN EXPENSES		857,467		64,690	

		FISCAL YEAR		FISCAL YEAR	
		2022/2023		2023/2024	
			ANNUAL BUDGET				PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		39,426		15,007	
BULDING MAINTENANCE		876		30,014	
COMMUNITY AREA MAINTENANCE		108,642		11,255	
TIM OPERATIONS		393,700		22,586	
CONTINGENCY		87,613		15,007	
DEVELOPMENT COORDINATOR		0		4,722	
ELECTRIC		21,903		3,752	
ENGINEERING - MAINT.		153,324		26,262	
FIELD MANAGEMENT		14,018		11,255	
FOUNTAIN MAINTENANCE & CHEMICALS		8,761		4,802	
IRRIGATION PARTS & REPAIRS		7,009		3,001	
IRRIGATION WATER		1,752		300	
LANDSCAPE MAINTENANCE		40,828		25,197	
SIDEWALK CLEANING AND REPAIR		26,284		4,502	
SIGNAGE		8,761		1,501	
STORMWATER CONTROL		43,807		63,780	
STREETLIGHT MAINTENANCE AND REPAIR		1,752		3,001	
TREE/PLANT REPLACEMENT & TRIM		31,541		7,504	
TOTAL MAINTENANCE EXPENSES		989,997		253,449	
					
Total Expenditures		$	1,847,464		$	318,140	
					
EXCESS / (SHORTFALL)		$	737,937		$	455,189	

PAYMENTS TO TRUSTEE		
(648,236)		
(404,127)	
BALANCE		$	89,701		$	51,061	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(44,850)		
(25,531)	
DISCOUNTS FOR EARLY PAYMENTS		(44,850)		(25,531)	
NET EXCESS / (SHORTFALL)		$	-		$	-	

		FISCAL YEAR		FISCAL YEAR	
		2022/2023		2023/2024	
			ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT		64,433		164,458	
ON-ROLL ASSESSMENTS - Admin		90,887		70,316	
ON-ROLL ASSESSMENTS - Maintenance		12,455		48,177	
DEVELOPER CONTRIBUTION/BONDS - TIM		0		0	
STORMWATER		16,335		50,566	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	184,110		$	333,517	

EXPENDITURES - ADMIN					
ARBITRAGE FEE		1,904		650	
AUDIT		6,000		6,000	
DISSEMINATION AGENT		633		400	
DISTRICT COUNSEL		10,124		6,000	
MANAGEMENT		6,564		7,205	
ASSESSMENT ROLL		1,266		600	
TIF/SAD REBATE ANALYSIS		5,486		8,500	
DUES, LICENSES & FEES		175		175	
ENGINEERING		36,912		17,500	
GENERAL INSURANCE		5,300		6,500	
WEB SITE MAINTENANCE		750		750	
LEGAL ADVERTISING		802		380	
TRAVEL AND PER DIEM		105		60	
OFFICE SUPPLIES		211		100	
OFFICE RENT		3,480		2,000	
POSTAGE & SHIPPING		105		50	
COPIES		527		200	
SUPERVISOR FEES		800		1,920	
CONTINGENCY ADMIN		2,472		5,000	
TRUSTEE SERVICES		0		700	
TOTAL ADMIN EXPENSES		83,616		64,690	

		FISCAL YEAR		FISCAL YEAR	
		2022/2023		2023/2024	
			ANNUAL BUDGET				PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		1,838		5,618	
BULDING MAINTENANCE		41		11,237	
COMMUNITY AREA MAINTENANCE		5,064		4,214	
TIM OPERATIONS		0		8,456	
CONTINGENCY		4,084		5,618	
DEVELOPMENT COORDINATOR		0		1,768	
ELECTRIC		1,021		1,405	
ENGINEERING - MAINT.		7,147		9,832	
FIELD MANAGEMENT		653		4,214	
FOUNTAIN MAINTENANCE & CHEMICALS		408		1,798	
IRRIGATION PARTS & REPAIRS		327		1,124	
IRRIGATION WATER		82		112	
LANDSCAPE MAINTENANCE		1,903		9,433	
SIDEWALK CLEANING AND REPAIR		1,225		1,686	
SIGNAGE		408		562	
STORMWATER CONTROL		2,042		23,879	
STREETLIGHT MAINTENANCE AND REPAIR		82		1,124	
TREE/PLANT REPLACEMENT & TRIM		1,470		2,809	
TOTAL MAINTENANCE EXPENSES		27,795		94,889	
					
Total Expenditures		$	111,411		$	159,579	
					
EXCESS / (SHORTFALL)		$	72,699		$	173,937	

PAYMENTS TO TRUSTEE		
(59,278)		
(151,301)	
BALANCE		$	13,421		$	22,636	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(6,711)		
(11,318)	
DISCOUNTS FOR EARLY PAYMENTS		(6,711)		(11,318)	
NET EXCESS / (SHORTFALL)		$	-		$	-	

		FISCAL YEAR		FISCAL YEAR	
		2022/2023		2023/2024	
			ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT		64,433		386,873	
ON-ROLL ASSESSMENTS - Admin		90,887		70,316	
ON-ROLL ASSESSMENTS - Maintenance		12,455		113,331	
DEVELOPER CONTRIBUTION/BONDS - TIM		0		0	
STORMWATER		16,335		118,953	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	184,110		$	689,473	

EXPENDITURES - ADMIN					
ARBITRAGE FEE		1,904		650	
AUDIT		6,000		6,000	
DISSEMINATION AGENT		633		400	
DISTRICT COUNSEL		10,124		6,000	
MANAGEMENT		6,564		7,205	
ASSESSMENT ROLL		1,266		600	
TIF/SAD REBATE ANALYSIS		5,486		8,500	
DUES, LICENSES & FEES		175		175	
ENGINEERING		36,912		17,500	
GENERAL INSURANCE		5,300		6,500	
WEB SITE MAINTENANCE		750		750	
LEGAL ADVERTISING		802		380	
TRAVEL AND PER DIEM		105		60	
OFFICE SUPPLIES		211		100	
OFFICE RENT		3,480		2,000	
POSTAGE & SHIPPING		105		50	
COPIES		527		200	
SUPERVISOR FEES		800		1,920	
CONTINGENCY ADMIN		2,472		5,000	
TRUSTEE SERVICES		0		700	
TOTAL ADMIN EXPENSES		83,616		64,690	

		FISCAL YEAR		FISCAL YEAR	
		2022/2023		2023/2024	
			ANNUAL BUDGET				PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		1,838		13,217	
BULDING MAINTENANCE		41		26,434	
COMMUNITY AREA MAINTENANCE		5,064		9,913	
TIM OPERATIONS		0		19,892	
CONTINGENCY		4,084		13,217	
DEVELOPMENT COORDINATOR		0		4,159	
ELECTRIC		1,021		3,304	
ENGINEERING - MAINT.		7,147		23,130	
FIELD MANAGEMENT		653		9,913	
FOUNTAIN MAINTENANCE & CHEMICALS		408		4,229	
IRRIGATION PARTS & REPAIRS		327		2,643	
IRRIGATION WATER		82		264	
LANDSCAPE MAINTENANCE		1,903		22,191	
SIDEWALK CLEANING AND REPAIR		1,225		3,965	
SIGNAGE		408		1,322	
STORMWATER CONTROL		2,042		56,172	
STREETLIGHT MAINTENANCE AND REPAIR		82		2,643	
TREE/PLANT REPLACEMENT & TRIM		1,470		6,609	
TOTAL MAINTENANCE EXPENSES		27,795		223,218	
					
Total Expenditures		$	111,411		$	287,908	
					
EXCESS / (SHORTFALL)		$	72,699		$	401,565	

PAYMENTS TO TRUSTEE		
(59,278)		
(355,923)	
BALANCE		$	13,421		$	45,642	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(6,711)		
(22,821)	
DISCOUNTS FOR EARLY PAYMENTS		(6,711)		(22,821)	
NET EXCESS / (SHORTFALL)		$	-		$	-	

		FISCAL YEAR		FISCAL YEAR	
		2022/2023		2023/2024	
			ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT		64,433		342,946	
ON-ROLL ASSESSMENTS - Admin		90,887		70,316	
ON-ROLL ASSESSMENTS - Maintenance		12,455		100,463	
DEVELOPER CONTRIBUTION/BONDS - TIM		0		0	
STORMWATER		16,335		105,447	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	184,110		$	619,172	

EXPENDITURES - ADMIN					
ARBITRAGE FEE		1,904		650	
AUDIT		6,000		6,000	
DISSEMINATION AGENT		633		400	
DISTRICT COUNSEL		10,124		6,000	
MANAGEMENT		6,564		7,205	
ASSESSMENT ROLL		1,266		600	
TIF/SAD REBATE ANALYSIS		5,486		8,500	
DUES, LICENSES & FEES		175		175	
ENGINEERING		36,912		17,500	
GENERAL INSURANCE		5,300		6,500	
WEB SITE MAINTENANCE		750		750	
LEGAL ADVERTISING		802		380	
TRAVEL AND PER DIEM		105		60	
OFFICE SUPPLIES		211		100	
OFFICE RENT		3,480		2,000	
POSTAGE & SHIPPING		105		50	
COPIES		527		200	
SUPERVISOR FEES		800		1,920	
CONTINGENCY ADMIN		2,472		5,000	
TRUSTEE SERVICES		0		700	
TOTAL ADMIN EXPENSES		83,616		64,690	

		FISCAL YEAR		FISCAL YEAR	
		2022/2023		2023/2024	
			ANNUAL BUDGET				PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		1,838		11,716	
BULDING MAINTENANCE		41		23,433	
COMMUNITY AREA MAINTENANCE		5,064		8,787	
TIM OPERATIONS		0		17,633	
CONTINGENCY		4,084		11,716	
DEVELOPMENT COORDINATOR		0		3,687	
ELECTRIC		1,021		2,929	
ENGINEERING - MAINT.		7,147		20,504	
FIELD MANAGEMENT		653		8,787	
FOUNTAIN MAINTENANCE & CHEMICALS		408		3,749	
IRRIGATION PARTS & REPAIRS		327		2,343	
IRRIGATION WATER		82		234	
LANDSCAPE MAINTENANCE		1,903		19,672	
SIDEWALK CLEANING AND REPAIR		1,225		3,515	
SIGNAGE		408		1,172	
STORMWATER CONTROL		2,042		49,794	
STREETLIGHT MAINTENANCE AND REPAIR		82		2,343	
TREE/PLANT REPLACEMENT & TRIM		1,470		5,858	
TOTAL MAINTENANCE EXPENSES		27,795		197,873	
					
Total Expenditures		$	111,411		$	262,563	
					
EXCESS / (SHORTFALL)		$	72,699		$	356,608	

PAYMENTS TO TRUSTEE		
(59,278)		
(315,510)	
BALANCE		$	13,421		$	41,098	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(6,711)		
(20,549)	
DISCOUNTS FOR EARLY PAYMENTS		(6,711)		(20,549)	
NET EXCESS / (SHORTFALL)		$	-		$	-	

		FISCAL YEAR		FISCAL YEAR	
		2022/2023		2023/2024	
			ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT		64,433		164,458	
ON-ROLL ASSESSMENTS - Admin		90,887		70,316	
ON-ROLL ASSESSMENTS - Maintenance		12,455		48,177	
DEVELOPER CONTRIBUTION/BONDS - TIM		0		0	
STORMWATER		16,335		50,566	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	184,110		$	333,517	

EXPENDITURES - ADMIN					
ARBITRAGE FEE		1,904		650	
AUDIT		6,000		6,000	
DISSEMINATION AGENT		633		400	
DISTRICT COUNSEL		10,124		6,000	
MANAGEMENT		6,564		7,205	
ASSESSMENT ROLL		1,266		600	
TIF/SAD REBATE ANALYSIS		5,486		8,500	
DUES, LICENSES & FEES		175		175	
ENGINEERING		36,912		17,500	
GENERAL INSURANCE		5,300		6,500	
WEB SITE MAINTENANCE		750		750	
LEGAL ADVERTISING		802		380	
TRAVEL AND PER DIEM		105		60	
OFFICE SUPPLIES		211		100	
OFFICE RENT		3,480		2,000	
POSTAGE & SHIPPING		105		50	
COPIES		527		200	
SUPERVISOR FEES		800		1,920	
CONTINGENCY ADMIN		2,472		5,000	
TRUSTEE SERVICES		0		700	
TOTAL ADMIN EXPENSES		83,616		64,690	

		FISCAL YEAR		FISCAL YEAR	
		2022/2023		2023/2024	
			ANNUAL BUDGET				PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		1,838		5,618	
BULDING MAINTENANCE		41		11,237	
COMMUNITY AREA MAINTENANCE		5,064		4,214	
TIM OPERATIONS		0		8,456	
CONTINGENCY		4,084		5,618	
DEVELOPMENT COORDINATOR		0		1,768	
ELECTRIC		1,021		1,405	
ENGINEERING - MAINT.		7,147		9,832	
FIELD MANAGEMENT		653		4,214	
FOUNTAIN MAINTENANCE & CHEMICALS		408		1,798	
IRRIGATION PARTS & REPAIRS		327		1,124	
IRRIGATION WATER		82		112	
LANDSCAPE MAINTENANCE		1,903		9,433	
SIDEWALK CLEANING AND REPAIR		1,225		1,686	
SIGNAGE		408		562	
STORMWATER CONTROL		2,042		23,879	
STREETLIGHT MAINTENANCE AND REPAIR		82		1,124	
TREE/PLANT REPLACEMENT & TRIM		1,470		2,809	
TOTAL MAINTENANCE EXPENSES		27,795		94,889	
					
Total Expenditures		$	111,411		$	159,579	
					
EXCESS / (SHORTFALL)		$	72,699		$	173,937	

PAYMENTS TO TRUSTEE		
(59,278)		
(151,301)	
BALANCE		$	13,421		$	22,636	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(6,711)		
(11,318)	
DISCOUNTS FOR EARLY PAYMENTS		(6,711)		(11,318)	
NET EXCESS / (SHORTFALL)		$	-		$	-	

		FISCAL YEAR		FISCAL YEAR	
		2022/2023		2023/2024	
			ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - DEBT		64,433		349,323	
ON-ROLL ASSESSMENTS - Operations		90,887		70,316	
ON-ROLL ASSESSMENTS - Maintenance		12,455		102,331	
DEVELOPER CONTRIBUTION/BONDS - TIM		0		0	
STORMWATER		16,335		107,408	
CARRY OVER FUNDS FROM PRIOR YEAR		0		0	
Total Revenues		$	184,110		$	629,378	

EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		1,904		650	
AUDIT*		6,000		6,000	
DISSEMINATION AGENT		633		400	
DISTRICT COUNSEL		10,124		6,000	
MANAGEMENT		6,564		7,205	
ASSESSMENT ROLL		1,266		600	
TIF/SAD REBATE ANALYSIS		5,486		8,500	
DUES, LICENSES & FEES*		175		175	
ENGINEERING		36,912		17,500	
GENERAL INSURANCE*		5,300		6,500	
WEB SITE MAINTENANCE*		750		750	
LEGAL ADVERTISING		802		380	
TRAVEL AND PER DIEM		105		60	
OFFICE SUPPLIES		211		100	
OFFICE RENT		3,480		2,000	
POSTAGE & SHIPPING		105		50	
COPIES		527		200	
SUPERVISOR FEES*		800		1,920	
CONTINGENCY ADMIN		2,472		5,000	
TRUSTEE SERVICES		0		700	
TOTAL ADMIN EXPENSES		83,616		64,690	

		FISCAL YEAR		FISCAL YEAR	
		2022/2023		2023/2024	
			ANNUAL BUDGET				PROPOSED BUDGET		
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		1,838		11,934	
BULDING MAINTENANCE		41		23,868	
COMMUNITY AREA MAINTENANCE		5,064		8,951	
TIM OPERATIONS		0		17,961	
CONTINGENCY		4,084		11,934	
DEVELOPMENT COORDINATOR		0		3,755	
ELECTRIC		1,021		2,984	
ENGINEERING - MAINT.		7,147		20,885	
FIELD MANAGEMENT		653		8,951	
FOUNTAIN MAINTENANCE & CHEMICALS		408		3,819	
IRRIGATION PARTS & REPAIRS		327		2,387	
IRRIGATION WATER		82		239	
LANDSCAPE MAINTENANCE		1,903		20,037	
SIDEWALK CLEANING AND REPAIR		1,225		3,580	
SIGNAGE		408		1,193	
STORMWATER CONTROL		2,042		50,720	
STREETLIGHT MAINTENANCE AND REPAIR		82		2,387	
TREE/PLANT REPLACEMENT & TRIM		1,470		5,967	
TOTAL MAINTENANCE EXPENSES		27,795		201,553	
					
Total Expenditures		$	111,411		$	266,243	
					
EXCESS / (SHORTFALL)		$	72,699		$	363,135	

PAYMENTS TO TRUSTEE		
(59,278)		
(321,377)	
BALANCE		$	13,421		$	41,758	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(6,711)		
(20,879)	
DISCOUNTS FOR EARLY PAYMENTS		(6,711)		(20,879)	
NET EXCESS / (SHORTFALL)		$	-		$	-	

PROPOSED OPERATIONS/MAINTENANCE ASSESSMENTS CALCULATION FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024
CDDs 1 - 10

On Fiscal Year 2023/2024 Tax Roll*
TYPE	Volume	ERU Factor	ERUS**	
Single Family ‐ General	1,963	1.0000	1,963.00	
Multi‐Family	‐	1.0000	‐	
Apartments	1,754	0.5000	877.00	
Retail Sq. Ft.	88,462	0.0020	176.92	
Office Sq. Ft.	155,928	0.0010	155.93	
Research Sq.Ft.	286,574	0.0010	286.57	
Warehouse Sq.Ft.	1,488,005	0.0010	1,488.01	
Hotel Rooms	277	1.0000	277.00	
Hospital	180	3.0000	540.00	
Acreage	1,613	4.0000	6,451.68	
*As of May 15, 2023
**Rounded

12,216.11

Total ERUs on Roll

Assessments Per Unit
Single Family ‐ General	117.53	
Multi‐Family	117.53	
Apartments	58.77	
Retail Sq. Ft.	0.24	
Office Sq. Ft.	0.12	
Research Sq.Ft.	0.12	
Warehouse Sq.Ft.	0.12	
Hotel Rooms	117.53	
Hospital	352.59	
Acre	470.12	

PROPOSED DEBT SERVICE SERIES 2019, 2020, 2021 BONDS FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

	FISCAL YEAR 2023/2024
PROPOSED BUDGET	

REVENUES			

Interest Income		0	
Net 2019 Bond Collections		449,025	
Net 2020 Bond Collections		425,265	
Net 2021 Bond Collections		926,000	
Net 2022 Bond Collections		892,625	
Total Revenues	$	2,692,915	

EXPENDITURES			

2019 Bond Payments		449,025	
2020 Bond Payments		425,265	
2021 Bond Payments		926,000	
2022 Bond Payments		892,625	
Miscellaneous / Extra Redemption (2019) Miscellaneous / Extra Redemption (2020) Miscellaneous / Extra Redemption (2021)
Miscellaneous / Extra Redemption (2022)		0	
Total Expenditures	$	2,692,915	
			
Excess / (Shortfall)	$	-	

Land Use	
Folio#	
Landowner	Units
Sq. Ft.	Est. Gross Annual
PI Debt Service/Unit*	

Research	
4315‐600‐0001‐000‐8	
City of Port St. Lucie (Torrey Pines)	
85937	
0.08	
Hotel	4315‐606‐0003‐000‐0	BBL at Equinox (Homewood Suites)	111	220.48	
Research	4315‐502‐0008‐000‐6	City of Port St. Lucie (formerly VGTI)	92142	0.03	
Hospital	4315‐501‐0004‐000‐5	Martin Memorial	180	293.18	
Research	4315‐608‐0001‐000‐2	Trad Health (Bldg 1 ‐ south)	45238	0.11	
Retail	4315‐602‐0002‐000‐1	Mason Street Holdings (Wawa)	6280	0.73	
Office	4315‐505‐0005‐000‐4	Pegasus PSL (Keiser University)	75146	0.33	
Research	4315‐608‐0002‐000‐9	Trad Health (Bldg 2 ‐ north)	64128	0.31	
Retail	4315‐607‐0002‐000‐6	G&S Family Hospitality (Culvers)	4652	0.73	
Retail	4315‐606‐0002‐000‐3	BBL at Tradition (Recovery Sports Bar & Grill)	6518	0.68	
Retail	4315‐607‐0005‐000‐7	CFT NV Developments (Panda Express)	2766	0.73	
Office	4315‐607‐0003‐000‐3	PRD Owner (Dental Care)	4000	0.30	
Office	4315‐506‐0002‐000‐6	SFO Holdings (Urgent Care)	32360	0.34	
Retail	4315‐609‐0006‐000‐0	Pershing Properties (Verizon)	2500	0.76	
SF 55 or Less	Multiple	Del Webb @ Tradition (Phases 1 and 2)	161	466.79	
SF 56 ‐ 66	Multiple	Del Webb @ Tradition (Phases 1 and 2)	42	516.27	
Apts	4315‐613‐0001‐000‐8	Continental 409	304	358.01	
Retail	4315‐605‐0003‐000‐7	Northern Lights Realty (Innovation Plaza)	10478	0.82	
Retail	4315‐609‐0004‐000‐6	JEM Port St Lucie (Restaurant & mini golf)	6251	0.72	
Medical Office	4315‐603‐0001‐000‐7	Florida Vision (Bldg 1)	34350	0.38	
Apts	4315‐500‐0012‐000‐1	Grande Palms II (Phase 1 ‐ south)	300	350.57	
Warehouse	4315‐800‐0003‐000‐6	CES Port St. Lucie Landlord (City Electric)	411852	0.42	
SF 55 or Less	Multiple	Heron Preserve	151	499.95	
SF 56 ‐ 66	Multiple	Heron Preserve	50	560.55	
Retail	4315‐607‐0004‐000‐0	Tradition Lot 3 (eastern portion ‐ PDQ 000)	2782	0.77	
SF 55 or Less	Multiple	Del Webb @ Tradition (Phase 3)	130	525.79	
SF 56 ‐ 66	Multiple	Del Webb @ Tradition (Phase 3)	46	589.69	
Retail	4315‐609‐0007‐000‐7	RDP 11 (southern portion ‐ Burger King)	2967	0.87	
Medical Office	4315‐611‐0002‐000‐9	KYK Holdings (Premier Medical Plaza)	9986	0.38	
Hotel	4315‐612‐0001‐000‐5	Tradition Hotel Holdings, LLC (Courtyard by Marriott)	84	452.77	
SF 55 or Less	4315‐500‐0008‐000‐0	Mattamy	54	524.67	
SF 56 ‐ 66	4315‐500‐0008‐000‐0	Mattamy	36	588.89	
SF 55 or Less	Multiple	Manderlie ‐ Phase 2	51	476.09	
SF 56 - 66	Multiple	Manderlie ‐ Phase 2	32	534.37	
SF 55 or Less	Multiple	Heron Preserve ‐ Phase 2	142	477.11	
SF 56 - 66	Multiple	Heron Preserve ‐ Phase 2	50	535.09	
SF 55 or Less	Multiple	Del Webb ‐ Phase 4	159	477.11	
SF 56 - 66	Multiple	Del Webb ‐ Phase 4	20	535.09	
SF 55 or Less	Multiple	Tolero ‐ Phase 1	157	477.77	
SF 56 - 66	Multiple	Tolero ‐ Phase 1	29	535.76	
Retail	4315‐609‐0005‐000‐3	RG Tradition, LLC (Starbucks)	2500	0.75	
Retail	4315‐614‐0001‐000‐1	RDP 11, LLC (north ‐ 3 tenant bldg.)	5124	0.79	
Warehouse	4335‐500‐0003‐000‐7	PSL Industrial Owner, LLC	245111	0.41	
Hotel	4315‐705‐0002‐000‐7	Tradition One, LLC (Tru by Hilton)	82	407.86	
Retail	4315‐705‐0001‐000‐0	Suratman, LLC	10476	0.79	
Apts	4315‐615‐0002‐000‐1	Watermark at Port St Lucie FL, LLC	214	330.69	
Apts	4315‐615‐0003‐000‐8	Lucie at Tradition, LLC	264	330.89	

MF	4334‐700‐0003‐000‐8	America Walks at Port St. Lucie, LLC	410	445.65	
SF 56 - 66	Multiple	GRBK GHO Belterra, LLC ‐ Phase 1	79	536.67	
SF 67 or More	Multiple	GRBK GHO Belterra, LLC ‐ Phase 1	77	580.43	
Retail	4315‐615‐0001‐000‐4	Vitas Healthcare Corporation of Florida, Inc.	32000	0.77	
SF 56 - 66	Multiple	GRBK GHO Belterra, LLC - Phase 1, Plat 1 & 2	26	689.43	
SF 67 or More	Multiple	GRBK GHO Belterra, LLC - Phase 1, Plat 1 & 2	47	745.65	
SF 55 or Less	Multiple	Del Webb - Plat 5A	70	612.92	
SF 56 - 66	Multiple	Del Webb - Plat 5A	24	687.41	
SF 55 or Less	Multiple	Kenley - Plat 1	137	616.89	
SF 56 - 66	Multiple	Kenley - Plat 1	77	691.39	
SF 55 or Less	Multiple	Telaro - Plat 2	206	614.96	
SF 56 - 66	Multiple	Telaro - Plat 2	50	690.08	
Apts	4315‐500‐0011‐000‐4	Grande Palms at Tradition I, LLC (north parcel)	300	412.03	
Retail	4316‐504‐0002‐000‐3	Local Strip, LLC (west Barron Shoppes parcel - sold)	9350	0.99	
Retail	4316‐504‐0001‐000‐6	Baron Shoppes Tradition, LLC (east parcel)	5820	0.99	
Retail	4316‐504‐0003‐000‐0	PCW Holdings, LLC (carwash)	9969	0.98	
Retail	4315-603-0002-000-4	Amber Hills Properties, LLC	14040	0.92	
Warehouse	4315‐802‐0002‐000‐5	Accel Florida, LLC	150351	0.52	
Warehouse	4326‐601‐0002‐000‐2	Cheney Bros, Inc.	351869	0.52	
Warehouse	4335‐500‐0004‐000‐4	NBPIII Legacy III, LLC (Lot 2)	168000	0.52	
Warehouse	4315‐706‐0003‐000‐7	Oculus Surgical, Inc.	75246	0.52	

*Figures are rounded and are net of previously paid CI BAN and DI BAN Credits