SOUTHERN GROVE COMMUNITY DEVELOPMENT DISTRICTS 1-6

Amended Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
REVENUES					
O & M ASSESSMENTS - ADMIN & MAINT		1,689,282	1,614,502	1,614,502	
DEBT ASSESSMENTS		1,954,440	1,757,571	1,757,571	
BOND PREPAYMENTS		0	459,221	459,221	
INTEREST INCOME		0	198,847	198,847	
OTHER INCOME: ENGINEERING REVENU	0	94,124	94,124	
SPECIAL BOND REVENUE		0	0	0	
STORMWATER		600,000	977,820	977,820	
DEVELOPER CONTRIBUTION - TIM		225,186	0	0	
FUND CARRY FORWARD		0		0	
TOTAL REVENUES		$	4,468,908	$	5,102,085	$	5,102,085	
					
EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE		6,500	1,950	1,950	
ASSESSMENT ROLL		6,000	6,000	6,000	
AUDIT		36,000	21,750	21,750	
COPIES		1,000	2,238	2,238	
DISSEMINATION AGENT		3,000	0	0	
DISTRICT COUNSEL		48,000	47,909	47,909	
DUES, LICENSES, FEES		1,050	1,650	1,650	
ENGINEERING		175,000	211,115	211,115	
GENERAL INSURANCE		40,135	50,406	50,406	
LEGAL ADVERTISING		3,800	5,216	5,216	
MANAGEMENT		32,054	70,554	70,554	
MEETING ROOM		0	0	0	
MISCELLANEOUS		0	2,707	2,707	
OFFICE RENT		18,000	19,119	19,119	
OFFICE SUPPLIES		1,000	1,399	1,399	
POSTAGE AND SHIPPING		500	1,080	1,080	
SUPERVISOR FEES		4,800	963	963	
TIF/SAD REBATE ANALYSIS		65,000	106,470	106,470	
TIM - CAPITAL OUTLAY		0	0	0	
TRAVEL AND PER DIEM		500	564	564	
TRUSTEE SERVICES		7,000	12,416	12,416	
CONTINUING DISCLOSURE		0	2,000	2,000	
WEBSITE		4,500	4,500	4,500	
					
TOTAL ADMIN EXPENSES		453,839	570,007	570,007	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
					
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		85,000	14,271	14,271	
BULDING MAINTENANCE		475,000	0	0	
TIM OPERATIONS (Bond/Developer Funded)		528,796	75,569	75,569	
CONTINGENCY/MISC MAINT		150,000	167,025	525	
COMMUNITY AREA MAINTENANCE		75,000	12,156	12,156	
ELECTRIC		25,000	2,058	2,058	
ENGINEERING - MAINT.		175,000	0	0	
FIELD MANAGEMENT		16,480	16,480	16,480	
FOUNTAIN MAINTENANCE & CHEMICALS		32,000	3,840	3,840	
IRRIGATION PARTS & REPAIRS		20,000	25,712	25,712	
IRRIGATION WATER		2,000	0	0	
LANDSCAPE MAINTENANCE		146,000	268,866	268,866	
MITIGATION MAINTENANCE		0	141,273	141,273	
PEST CONTROL		0	0	0	
SECURITY		73,500	0	0	
SIDEWALK CLEANING AND REPAIR		30,000	30,000	30,000	
SIGNAGE		10,000	3,337	3,337	
STORMWATER CONTROL		50,000	290,499	290,499	
STREETLIGHT MAINTENANCE AND REPAIR		20,000	0	0	
TREE/PLANT REPLACEMENT & TRIM		36,000	10,325	10,325	
TOTAL MAINTENANCE EXPENSES		1,949,776	1,061,410	894,910	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	

TOTAL EXPENDITURES		$	2,403,615	$	1,631,417	$	1,464,917	

EXCESS / (SHORTFALL)		$	2,065,293	$	3,470,668	$	3,637,168	
					
PAYMENT TO TRUSTEE (2019 Bond)		(445,206)	(497,104)	(497,104)	
PAYMENT TO TRUSTEE (2020 Bond)		(425,918)	(352,757)	(352,757)	
PAYMENT TO TRUSTEE (2021 Bond)		(926,960)	(805,497)	(805,497)	
BOND PREPAYMENTS TO TRUSTEE		-	(465,877)	(465,877)	
					
BALANCE		$	267,209	$	1,349,434	$	1,515,934	
					
COUNTY APPRAISER & TAX COLLECTOR FEE		(133,604)	(132,857)	(132,857)	
DISCOUNTS FOR EARLY PAYMENTS		(133,604)	(131,067)	(131,067)	
					
EXCESS / (SHORTFALL)		$	-	$	1,085,510	$	1,252,010	
					
CARRYOVER FROM PRIOR YEAR		-	-	-	
					
NET EXCESS / (SHORTFALL)		$	-	$	1,085,510	$	1,252,010	

FUND BALANCE AS OF 9/30/22		
FY 2022/2023 ACTIVITY		
FUND BALANCE AS OF 9/30/23		

$	1,684,936	
1,085,510	
$	2,770,446	

AMENDED FINAL BUDGET
SOUTHERN GROVE COMMUNITY DEVELOPMENT DISTRICTS DEBT SERVICE
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 ‐ SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2022/2023 BUDGET 10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
Debt Assessments (Net of Fees and Discounts)	1,798,084	1,757,571	1,757,571	
Bond Prepayments	0	459,221	459,221	
Total Revenues	$	1,798,084	$	2,216,792	$	2,216,792	
				
EXPENDITURES				
Payments to Trustee (Includes Extra Redemption)	1,798,084	1,750,915	1,655,357	
Bond Prepayments to Trustee	0	465,877	465,877	
				
Total Expenditures	$	1,798,084	$	2,216,792	$	2,121,234	
				
Excess/ (Shortfall)	$	-	$	0	$	95,558	

Reserve Fund Balance (2019) as of 09/30/23:	$	221,928		
Reserve Fund Balance (2020) as of 09/30/23:	$	180,631		
Reserve Fund Balance (2021) as of 09/30/23:	$	352,741		
Reserve Fund Balance (2022-1) as of 09/30/23:	$	448,025		
Reserve Fund Balance (2022-2) as of 09/30/23:	$	188,863		
		Series 2019 BOND		
Original Par Amount =	$7,035,000	Principal Payment	Due May 2022	
Average Coupon Rate = Issue Date =
Maturity Date =	3.82%
November 2019
2043	Interest Payments Due =	May 1st & November 1st	

Par Amount As Of 9/30/23 =	$5,828,636	Subject to adjustment for prepayments

Series 2020 BOND
Original Par Amount =	$6,535,000	Principal Payment	Due May 2022	
Average Coupon Rate =	4.34%	Interest Payments Due =	May 1st & November 1st	
Issue Date =	June 2020			
Maturity Date =	2046			

Par Amount As Of 9/30/23 =	$4,892,767	Subject to adjustment for prepayments

Series 2021 BOND
Original Par Amount =	$15,730,000	Principal Payment	Due May 2023	
Average Coupon Rate =	3.55%	Interest Payments Due =	May 1st & November 1st	
Issue Date =	June 2021			
Maturity Date =	2048			

Par Amount As Of 9/30/23 =	$15,263,459	Subject to adjustment for prepayments

Series 2022-1 BOND
Original Par Amount =	$8,760,000	Principal Payment	Due May 2023	
Average Coupon Rate =	5.93%	Interest Payments Due =	May 1st & November 1st	
Issue Date =	November 2022			
Maturity Date =	2049			

Par Amount As Of 9/30/23 =	$8,760,000	Subject to adjustment for prepayments

Series 2022-1 BOND
Original Par Amount =	$2,935,000	Principal Payment	Due May 2023	
Average Coupon Rate =	7.00%	Interest Payments Due =	May 1st & November 1st	
Issue Date =	November 2022			
Maturity Date =	2035			

Par Amount As Of 9/30/23 =	$2,935,000	Subject to adjustment for prepayments

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
REVENUES					
O & M ASSESSMENTS - ADMIN & MAINT		21,700	20,739	20,739	
DEBT ASSESSMENTS			0	0	
BOND PREPAYMENTS			459,221	459,221	
INTEREST INCOME			198,847	198,847	
OTHER INCOME: ENGINEERING REVENUE FEES	94,124	94,124	
SPECIAL BOND REVENUE			0	0	
STORMWATER			0	0	
DEVELOPER CONTRIBUTION - TIM		2,177	0	0	
FUND CARRY FORWARD			0	0	
TOTAL REVENUES		$	23,877	$	772,932	$	772,932	
					
EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		0	19	19	
AUDIT*		6,000	210	210	
DISSEMINATION AGENT		29	0	0	
DISTRICT COUNSEL		464	463	463	
MANAGEMENT		310	682	682	
ASSESSMENT ROLL		58	58	58	
TIF/SAD REBATE ANALYSIS		628	1,029	1,029	
DUES, LICENSES & FEES*		175	775	775	
ENGINEERING		1,692	2,041	2,041	
GENERAL INSURANCE*		5,635	16,149	16,149	
WEB SITE MAINTENANCE*		750	750	750	
LEGAL ADVERTISING		37	50	50	
MISCELLANEOUS		0	26	26	
TRAVEL AND PER DIEM		5	5	5	
OFFICE SUPPLIES		10	14	14	
OFFICE RENT		174	185	185	
POSTAGE & SHIPPING		5	10	10	
COPIES		10	22	22	
TRUSTEE FEES		0	0	0	
CONTINUING DISCLOSURE		0	22	22	
CAPITAL OUTLAY		0	0		
SUPERVISOR FEES*		800	9	9	
					
TOTAL ADMIN EXPENSES		16,781	22,520	22,520	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
					
EXPENDITURES - MAINT					
LAKE MAINTENANCE		0	0	0	
BUILDING, BRIDGE, MONUMENT MAINT.		0	0	0	
TIM OPERATIONS		5,112	731	731	
CONTINGENCY - MAINT.		483	3,500	0	
COMMUNITY AREA MAINTENANCE		0	0	0	
LAKE PORTER SERVICE		0	0	0	
PAINTING		0	0	0	
FIELD MAINTENANCE		0	0	0	
ELECTRIC		0	0	0	
ENGINEERING - MAINT.		0	0	0	
FIELD MANAGEMENT		0	0	0	
FOUNTAIN MAINTENANCE		0	0	0	
HYDRILLA TREATMENT		0	0	0	
LANDSCAPING MAINTENANCE & MATERIALS		0	0	0	
MITIGATION MAINTENANCE		0	0	0	
IRRIGATION		0	0	0	
IRRIGATION PARTS & REPAIR		0	0	0	
PEST CONTROL		0	0	0	
ROAD REPAIR		0	0	0	
SECURITY		0	0	0	
FENCE REPAIR		0	0	0	
SIDEWALK CLEANING		0	0	0	
SIDEWALK REPAIR		0	0	0	
SIGNAGE		0	0	0	
STREETLIGHTS		0	0	0	
STORMWATER MANAGEMENT		0	0	0	
TREE/PLANT REPLACEMENT & TRIM		0	0	0	
WETLAND UPLAND MAINTENANCE		0	0	0	
TOTAL MAINTENANCE EXPENSES		5,595	4,231	731	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	

TOTAL EXPENDITURES		$	22,376	$	26,751	$	23,251	

EXCESS / (SHORTFALL)		$	1,501	$	746,181	$	749,681	
					
PAYMENT TO TRUSTEE (2019 Bond)		0	0		
PAYMENT TO TRUSTEE (2020 Bond)		0	0		
PAYMENT TO TRUSTEE (2021 Bond)		0	0		
BOND PREPAYMENTS TO TRUSTEE		0	(465,877)	(465,877)	
					
BALANCE		$	1,501	$	280,304	$	283,804	
					
COUNTY APPRAISER & TAX COLLECTOR FEE		(751)	(746)	(746)	
DISCOUNTS FOR EARLY PAYMENTS		(751)	(736)	(736)	
					
EXCESS / (SHORTFALL)		$	-	$	278,822	$	282,322	
					
CARRYOVER FROM PRIOR YEAR		-			
					
NET EXCESS / (SHORTFALL)		$	-	$	278,822	$	282,322	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
REVENUES					
O & M ASSESSMENTS - ADMIN & MAINT		80,082	76,537	76,537	
DEBT ASSESSMENTS			0	0	
BOND PREPAYMENTS			0	0	
INTEREST INCOME			0	0	
OTHER INCOME: ENGINEERING REVENUE FEES	0	0	
SPECIAL BOND REVENUE			0	0	
STORMWATER			0	0	
DEVELOPER CONTRIBUTION - TIM		19,729	0	0	
FUND CARRY FORWARD			0	0	
TOTAL REVENUES		$	99,811	$	76,537	$	76,537	
					
EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		0	171	171	
AUDIT*		6,000	1,906	1,906	
DISSEMINATION AGENT		263	0	0	
DISTRICT COUNSEL		4,205	4,197	4,197	
MANAGEMENT		2,808	6,181	6,181	
ASSESSMENT ROLL		526	526	526	
TIF/SAD REBATE ANALYSIS		5,695	9,328	9,328	
DUES, LICENSES & FEES*		175	175	175	
ENGINEERING		15,332	18,496	18,496	
GENERAL INSURANCE*		6,095	7,167	7,167	
WEB SITE MAINTENANCE*		750	750	750	
LEGAL ADVERTISING		333	457	457	
MISCELLANEOUS		0	237	237	
TRAVEL AND PER DIEM		44	49	49	
OFFICE SUPPLIES		88	123	123	
OFFICE RENT		1,577	1,675	1,675	
POSTAGE & SHIPPING		44	95	95	
COPIES		88	196	196	
TRUSTEE FEES		0	0	0	
CONTINUING DISCLOSURE		0	175	175	
CAPITAL OUTLAY		0	0	0	
SUPERVISOR FEES*		800	84	84	
					
TOTAL ADMIN EXPENSES		44,822	51,989	51,989	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
					
EXPENDITURES - MAINT					
LAKE MAINTENANCE		0	0	0	
BUILDING, BRIDGE, MONUMENT MAINT.		0	0	0	
TIM OPERATIONS		46,329	6,621	6,621	
CONTINGENCY - MAINT.		4,381	8,000	0	
COMMUNITY AREA MAINTENANCE		0	0	0	
LAKE PORTER SERVICE		0	0	0	
PAINTING		0	0	0	
FIELD MAINTENANCE		0	0	0	
ELECTRIC		0	0	0	
ENGINEERING - MAINT.		0	0	0	
FIELD MANAGEMENT		0	0	0	
FOUNTAIN MAINTENANCE		0	0	0	
HYDRILLA TREATMENT		0	0	0	
LANDSCAPING MAINTENANCE & MATERIALS		0	0	0	
MITIGATION MAINTENANCE		0	0	0	
IRRIGATION		0	0	0	
IRRIGATION PARTS & REPAIR		0	0	0	
PEST CONTROL		0	0	0	
ROAD REPAIR		0	0	0	
SECURITY		0	0	0	
FENCE REPAIR		0	0	0	
SIDEWALK CLEANING		0	0	0	
SIDEWALK REPAIR		0	0	0	
SIGNAGE		0	0	0	
STREETLIGHTS		0	0	0	
STORMWATER MANAGEMENT		0	0	0	
TREE/PLANT REPLACEMENT & TRIM		0	0	0	
WETLAND UPLAND MAINTENANCE		0	0	0	
TOTAL MAINTENANCE EXPENSES		50,710	14,621	6,621	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	

TOTAL EXPENDITURES		$	95,532	$	66,610	$	58,610	

EXCESS / (SHORTFALL)		$	4,279	$	9,927	$	17,927	
					
PAYMENT TO TRUSTEE (2019 Bond)		0	0	0	
PAYMENT TO TRUSTEE (2020 Bond)		0	0	0	
PAYMENT TO TRUSTEE (2021 Bond)		0	0	0	
BOND PREPAYMENTS TO TRUSTEE		0	0	0	
					
BALANCE		$	4,279	$	9,927	$	17,927	
					
COUNTY APPRAISER & TAX COLLECTOR FEE		(2,139)	(2,127)	(2,127)	
DISCOUNTS FOR EARLY PAYMENTS		(2,139)	(2,099)	(2,099)	
					
EXCESS / (SHORTFALL)		$	-	$	5,701	$	13,701	
					
CARRYOVER FROM PRIOR YEAR		-			
					
NET EXCESS / (SHORTFALL)		$	-	$	5,701	$	13,701	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
REVENUES					
O & M ASSESSMENTS - ADMIN & MAINT		147,787	141,245	141,245	
DEBT ASSESSMENTS		0	0	0	
BOND PREPAYMENTS		0	0	0	
INTEREST INCOME		0	0	0	
OTHER INCOME: ENGINEERING REVENU	0	0	0	
SPECIAL BOND REVENUE		0	0	0	
STORMWATER		0	0	0	
DEVELOPER CONTRIBUTION - TIM		40,261	0	0	
FUND CARRY FORWARD		0	0	0	
TOTAL REVENUES		$	188,048	$	141,245	$	141,245	
					
EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*			349	349	
AUDIT*		6,000	3,889	3,889	
DISSEMINATION AGENT		536	0	0	
DISTRICT COUNSEL		8,582	8,566	8,566	
MANAGEMENT		5,731	12,614	12,614	
ASSESSMENT ROLL		1,073	1,073	1,073	
TIF/SAD REBATE ANALYSIS		11,621	19,036	19,036	
DUES, LICENSES & FEES*		175	175	175	
ENGINEERING		31,288	37,745	37,745	
GENERAL INSURANCE*		6,095	6,134	6,134	
WEB SITE MAINTENANCE*		750	750	750	
LEGAL ADVERTISING		679	933	933	
MISCELLANEOUS		0	484	484	
TRAVEL AND PER DIEM		89	101	101	
OFFICE SUPPLIES		179	250	250	
OFFICE RENT		3,218	3,418	3,418	
POSTAGE & SHIPPING		89	193	193	
COPIES		179	400	400	
TRUSTEE FEES		0	0	0	
CONTINUING DISCLOSURE		0	358	358	
CAPITAL OUTLAY		0	0	0	
SUPERVISOR FEES*		800	172	172	
					
TOTAL ADMIN EXPENSES		77,085	96,638	96,638	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
					
EXPENDITURES - MAINT					
LAKE MAINTENANCE		0	0	0	
BUILDING, BRIDGE, MONUMENT MAINT.		0	0	0	
TIM OPERATIONS		94,543	13,511	13,511	
CONTINGENCY - MAINT.		8,939	14,000	0	
COMMUNITY AREA MAINTENANCE		0	0	0	
LAKE PORTER SERVICE		0	0	0	
PAINTING		0	0	0	
FIELD MAINTENANCE		0	0	0	
ELECTRIC		0	0	0	
ENGINEERING - MAINT.		0	0	0	
FIELD MANAGEMENT		0	0	0	
FOUNTAIN MAINTENANCE		0	0	0	
HYDRILLA TREATMENT		0	0	0	
LANDSCAPING MAINTENANCE & MATERIALS		0	0	0	
MITIGATION MAINTENANCE		0	0	0	
IRRIGATION		0	0	0	
IRRIGATION PARTS & REPAIR		0	0	0	
PEST CONTROL		0	0	0	
ROAD REPAIR		0	0	0	
SECURITY		0	0	0	
FENCE REPAIR		0	0	0	
SIDEWALK CLEANING		0	0	0	
SIDEWALK REPAIR		0	0	0	
SIGNAGE		0	0	0	
STREETLIGHTS		0	0	0	
STORMWATER MANAGEMENT		0	0	0	
TREE/PLANT REPLACEMENT & TRIM		0	0	0	
WETLAND UPLAND MAINTENANCE		0	0	0	
TOTAL MAINTENANCE EXPENSES		103,482	27,511	13,511	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	

TOTAL EXPENDITURES		$	180,567	$	124,149	$	110,149	

EXCESS / (SHORTFALL)		$	7,480	$	17,096	$	31,096	
					
PAYMENT TO TRUSTEE (2019 Bond)		0	0	0	
PAYMENT TO TRUSTEE (2020 Bond)		0	0	0	
PAYMENT TO TRUSTEE (2021 Bond)		0	0	0	
BOND PREPAYMENTS TO TRUSTEE		0	0	0	
					
BALANCE		$	7,480	$	17,096	$	31,096	
					
COUNTY APPRAISER & TAX COLLECTOR FEE		(3,740)	(3,719)	(3,719)	
DISCOUNTS FOR EARLY PAYMENTS		(3,740)	(3,669)	(3,669)	
					
EXCESS / (SHORTFALL)		$	-	$	9,707	$	23,707	
					
CARRYOVER FROM PRIOR YEAR		-			
					
NET EXCESS / (SHORTFALL)		$	-	$	9,707	$	23,707	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
REVENUES					
O & M ASSESSMENTS - ADMIN & MAINT		331,301	316,635	316,635	
DEBT ASSESSMENTS		444,975	400,153	400,153	
BOND PREPAYMENTS			0	0	
INTEREST INCOME			0	0	
OTHER INCOME: ENGINEERING REVENUE FEES	0	0	
SPECIAL BOND REVENUE			0	0	
STORMWATER		136,604	222,624	222,624	
DEVELOPER CONTRIBUTION - TIM		37,115	0	0	
FUND CARRY FORWARD		0	0	0	
TOTAL REVENUES		$	949,996	$	939,413	$	939,413	
					
EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		1,480	321	321	
AUDIT*		6,000	3,585	3,585	
DISSEMINATION AGENT		494	0	0	
DISTRICT COUNSEL		7,911	7,896	7,896	
MANAGEMENT		5,283	11,629	11,629	
ASSESSMENT ROLL		989	989	989	
TIF/SAD REBATE ANALYSIS		10,713	17,548	17,548	
DUES, LICENSES & FEES*		175	175	175	
ENGINEERING		28,844	34,796	34,796	
GENERAL INSURANCE*		5,865	5,842	5,842	
WEB SITE MAINTENANCE*		750	750	750	
LEGAL ADVERTISING		626	860	860	
MISCELLANEOUS		0	446	446	
TRAVEL AND PER DIEM		82	93	93	
OFFICE SUPPLIES		165	231	231	
OFFICE RENT		2,967	3,151	3,151	
POSTAGE & SHIPPING		82	178	178	
COPIES		165	369	369	
TRUSTEE FEES		1,594	2,827	2,827	
CONTINUING DISCLOSURE		0	330	330	
CAPITAL OUTLAY		0	0	0	
SUPERVISOR FEES*		800	159	159	
					
TOTAL ADMIN EXPENSES		74,986	92,175	92,175	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
					
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		19,352	3,249	3,249	
BULDING MAINTENANCE		108,145	0	0	
TIM OPERATIONS		87,156	12,455	12,455	
COMMON AREA MAINTENANCE		17,076	2,768	2,768	
MISCELLANEOUS MAINTENANCE		0	120	120	
CONTINGENCY		31,008	35,000	0	
ELECTRIC		5,692	469	469	
ENGINEERING - MAINT.		39,843	0	0	
FIELD MANAGEMENT		3,752	3,752	3,752	
FOUNTAIN MAINTENANCE & CHEMICALS		7,286	874	874	
IRRIGATION PARTS & REPAIRS		4,553	5,854	5,854	
IRRIGATION WATER		455	0	0	
LANDSCAPE MAINTENANCE		33,240	61,214	61,214	
MITIGATION MAINTENANCE		0	32,164	32,164	
PEST CONTROL		0	0	0	
SECURITY		16,734	0	0	
SIDEWALK CLEANING AND REPAIR		6,830	6,830	6,830	
SIGNAGE		2,277	760	760	
STORMWATER CONTROL		11,384	66,139	66,139	
STREETLIGHT MAINTENANCE AND REPAIR		4,553	0	0	
TREE/PLANT REPLACEMENT & TRIM		8,196	2,351	2,351	
TOTAL MAINTENANCE EXPENSES		407,534	233,998	198,998	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	

TOTAL EXPENDITURES		$	482,520	$	326,173	$	291,173	

EXCESS / (SHORTFALL)		$	467,476	$	613,240	$	648,240	
					
PAYMENT TO TRUSTEE (2019 Bond)		(101,362)	(113,178)	(113,178)	
PAYMENT TO TRUSTEE (2020 Bond)		(96,971)	(80,314)	(80,314)	
PAYMENT TO TRUSTEE (2021 Bond)		(211,045)	(183,391)	(183,391)	
BOND PREPAYMENTS TO TRUSTEE					
					
BALANCE		$	58,099	$	236,358	$	271,358	
					
COUNTY APPRAISER & TAX COLLECTOR FEE		(29,049)	(28,887)	(28,887)	
DISCOUNTS FOR EARLY PAYMENTS		(29,049)	(28,498)	(28,498)	
					
EXCESS / (SHORTFALL)		$	-	$	178,973	$	213,973	
					
CARRYOVER FROM PRIOR YEAR		-			
					
NET EXCESS / (SHORTFALL)		$	-	$	178,973	$	213,973	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
REVENUES					
O & M ASSESSMENTS - ADMIN & MAINT		794,178	759,021	759,021	
DEBT ASSESSMENTS		1,192,981	1,072,813	1,072,813	
BOND PREPAYMENTS			0	0	
INTEREST INCOME			0	0	
OTHER INCOME: ENGINEERING REVENUE FEES	0	0	
SPECIAL BOND REVENUE			0	0	
STORMWATER		334,264	544,750	544,750	
DEVELOPER CONTRIBUTION - TIM		90,819	0	0	
FUND CARRY FORWARD			0	0	
TOTAL REVENUES		$	2,412,242	$	2,376,585	$	2,376,585	
					
EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		3,621	786	786	
AUDIT*		6,000	8,772	8,772	
DISSEMINATION AGENT		1,210	0	0	
DISTRICT COUNSEL		19,359	19,322	19,322	
MANAGEMENT		12,927	28,455	28,455	
ASSESSMENT ROLL		2,420	2,420	2,420	
TIF/SAD REBATE ANALYSIS		26,215	42,940	42,940	
DUES, LICENSES & FEES*		175	175	175	
ENGINEERING		70,579	85,144	85,144	
GENERAL INSURANCE*		10,350	8,980	8,980	
WEB SITE MAINTENANCE*		750	750	750	
LEGAL ADVERTISING		1,533	2,104	2,104	
MISCELLANEOUS		0	1,092	1,092	
TRAVEL AND PER DIEM		202	228	228	
OFFICE SUPPLIES		403	564	564	
OFFICE RENT		7,260	7,711	7,711	
POSTAGE & SHIPPING		202	436	436	
COPIES		403	902	902	
TRUSTEE FEES		3,900	6,917	6,917	
CONTINUING DISCLOSURE		0	807	807	
CAPITAL OUTLAY		0	0	0	
SUPERVISOR FEES*		800	388	388	
					
TOTAL ADMIN EXPENSES		168,308	218,893	218,893	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
					
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		47,354	7,951	7,951	
BULDING MAINTENANCE		264,626	0	0	
TIM OPERATIONS		213,267	30,477	30,477	
COMMON AREA MAINTENANCE		41,783	6,772	6,772	
MISCELLANEOUS MAINTENANCE		0	293	293	
CONTINGENCY		75,876	76,000	0	
ELECTRIC		13,928	1,146	1,146	
ENGINEERING - MAINT.		97,494	0	0	
FIELD MANAGEMENT		9,181	9,181	9,181	
FOUNTAIN MAINTENANCE & CHEMICALS		17,827	2,139	2,139	
IRRIGATION PARTS & REPAIRS		11,142	14,324	14,324	
IRRIGATION WATER		1,114	0	0	
LANDSCAPE MAINTENANCE		81,338	149,787	149,787	
MITIGATION MAINTENANCE		0	78,704	78,704	
PEST CONTROL		0	0	0	
SECURITY		40,947	0	0	
SIDEWALK CLEANING AND REPAIR		16,713	16,713	16,713	
SIGNAGE		5,571	1,859	1,859	
STORMWATER CONTROL		27,855	161,839	161,839	
STREETLIGHT MAINTENANCE AND REPAIR		11,142	0	0	
TREE/PLANT REPLACEMENT & TRIM		20,056	5,752	5,752	
TOTAL MAINTENANCE EXPENSES		997,215	562,938	486,938	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	

TOTAL EXPENDITURES		$	1,165,523	$	781,831	$	705,831	

EXCESS / (SHORTFALL)		$	1,246,719	$	1,594,753	$	1,670,753	
					
PAYMENT TO TRUSTEE (2019 Bond)		(343,844)	(383,926)	(383,926)	
PAYMENT TO TRUSTEE (2020 Bond)		(237,282)	(196,523)	(196,523)	
PAYMENT TO TRUSTEE (2021 Bond)		(516,416)	(448,748)	(448,748)	
BOND PREPAYMENTS TO TRUSTEE					
					
BALANCE		$	149,177	$	565,556	$	641,556	
					
COUNTY APPRAISER & TAX COLLECTOR FEE		(74,588)	(74,171)	(74,171)	
DISCOUNTS FOR EARLY PAYMENTS		(74,588)	(73,172)	(73,172)	
					
EXCESS / (SHORTFALL)		$	-	$	418,213	$	494,213	
					
CARRYOVER FROM PRIOR YEAR		-			
					
NET EXCESS / (SHORTFALL)		$	-	$	418,213	$	494,213	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
REVENUES					
O & M ASSESSMENTS - ADMIN & MAINT		314,235	300,325	300,325	
DEBT ASSESSMENTS		316,484	284,605	284,605	
BOND PREPAYMENTS		0	0	0	
INTEREST INCOME		0	0	0	
OTHER INCOME: ENGINEERING REVENU	0	0	0	
SPECIAL BOND REVENUE		0	0	0	
STORMWATER		129,131	210,445	210,445	
DEVELOPER CONTRIBUTION - TIM		35,085	0	0	
FUND CARRY FORWARD		0		0	
TOTAL REVENUES		$	794,935	$	795,375	$	795,375	
					
EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		1,399	304	304	
AUDIT*		6,000	3,389	3,389	
DISSEMINATION AGENT		467	0	0	
DISTRICT COUNSEL		7,479	7,464	7,464	
MANAGEMENT		4,994	10,993	10,993	
ASSESSMENT ROLL		935	935	935	
TIF/SAD REBATE ANALYSIS		10,127	16,588	16,588	
DUES, LICENSES & FEES*		175	175	175	
ENGINEERING		27,266	32,892	32,892	
GENERAL INSURANCE*		6,095	6,134	6,134	
WEB SITE MAINTENANCE*		750	750	750	
LEGAL ADVERTISING		592	813	813	
MISCELLANEOUS		0	422	422	
TRAVEL AND PER DIEM		78	88	88	
OFFICE SUPPLIES		156	218	218	
OFFICE RENT		2,804	2,979	2,979	
POSTAGE & SHIPPING		78	168	168	
COPIES		156	349	349	
TRUSTEE FEES		1,507	2,672	2,672	
CONTINUING DISCLOSURE		0	312	312	
CAPITAL OUTLAY		0	0	0	
SUPERVISOR FEES*		800	150	150	
					
TOTAL ADMIN EXPENSES		71,857	87,794	87,794	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
					
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		18,294	3,071	3,071	
BULDING MAINTENANCE		102,229	0	0	
TIM OPERATIONS		82,388	11,774	11,774	
COMMON AREA MAINTENANCE		16,141	2,616	2,616	
MISCELLANEOUS MAINTENANCE		0	113	113	
CONTINGENCY		29,312	30,000	0	
ELECTRIC		5,380	443	443	
ENGINEERING - MAINT.		37,663	0	0	
FIELD MANAGEMENT		3,547	3,547	3,547	
FOUNTAIN MAINTENANCE & CHEMICALS		6,887	826	826	
IRRIGATION PARTS & REPAIRS		4,304	5,534	5,534	
IRRIGATION WATER		430	0	0	
LANDSCAPE MAINTENANCE		31,422	57,865	57,865	
MITIGATION MAINTENANCE		0	30,405	30,405	
PEST CONTROL		0	0	0	
SECURITY		15,819	0	0	
SIDEWALK CLEANING AND REPAIR		6,457	6,457	6,457	
SIGNAGE		2,152	718	718	
STORMWATER CONTROL		10,761	62,521	62,521	
STREETLIGHT MAINTENANCE AND REPAIR		4,304	0	0	
TREE/PLANT REPLACEMENT & TRIM		7,748	2,222	2,222	
TOTAL MAINTENANCE EXPENSES		385,239	218,111	188,111	

		FISCAL YEAR 2022/2023 ANNUAL BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	

TOTAL EXPENDITURES		$	457,096	$	305,906	$	275,906	

EXCESS / (SHORTFALL)		$	337,839	$	489,469	$	519,469	
					
PAYMENT TO TRUSTEE (2019 Bond)		0	0	0	
PAYMENT TO TRUSTEE (2020 Bond)		(91,666)	(75,920)	(75,920)	
PAYMENT TO TRUSTEE (2021 Bond)		(199,499)	(173,358)	(173,358)	
BOND PREPAYMENTS TO TRUSTEE					
					
BALANCE		$	46,674	$	240,191	$	270,191	
					
COUNTY APPRAISER & TAX COLLECTOR FEE		(23,337)	(23,206)	(23,206)	
DISCOUNTS FOR EARLY PAYMENTS		(23,337)	(22,893)	(22,893)	
					
EXCESS / (SHORTFALL)		$	-	$	194,091	$	224,091	
					
CARRYOVER FROM PRIOR YEAR		-			
					
NET EXCESS / (SHORTFALL)		$	-	$	194,091	$	224,091