Westside Haines City
Community Development District

Proposed Budget
FY2025

Table of Contents

1-4	General Fund	

5-6	

General Fund Asssesments	

7-11	

General Fund Narrative	

12	

Capital Reserve Fund	

13	

Series 2021 Debt Service Fund	

14	

Series 2021 Amortization Schedule	

15	

Series 2024 Debt Service Fund	

16	

Series 2024 Amortization Schedule	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025	
Revenues						
Special Assessments	$	762,450	$	762,617	$	950	$	763,567	$	2,510,663	
Special Assessments - Lot Closings	$	-	$	36,088	$	-	$	36,088	$	-	
Developer Contributions	$	230,836	$	2,975	$	-	$	2,975	$	-	
Boundary Amendment Contributions	$	-	$	5,703	$	-	$	5,703	$	-	
Total Revenues	$	993,286	$	807,383	$	950	$	808,333	$	2,510,663	
Expenditures						
General & Administrative
Supervisor Fees	
$	12,000	
$	5,800	
$	6,000	
$	11,800	
$	12,000	
Engineering	$	15,000	$	19,313	$	15,688	$	35,000	$	15,000	
Attorney	$	25,000	$	23,529	$	11,471	$	35,000	$	35,000	
Annual Audit	$	5,500	$	-	$	4,000	$	4,000	$	5,500	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	7,500	
Arbitrage	$	1,350	$	-	$	450	$	450	$	1,350	
Dissemination	$	7,000	$	2,500	$	2,500	$	5,000	$	5,250	
Trustee Fees	$	12,000	$	-	$	4,041	$	4,041	$	12,000	
Management Fees	$	38,955	$	19,478	$	19,478	$	38,955	$	55,000	
Information Technology	$	1,800	$	900	$	900	$	1,800	$	1,890	
Website Maintenance	$	1,200	$	600	$	600	$	1,200	$	1,260	
Postage & Delivery	$	1,000	$	646	$	646	$	1,293	$	1,000	
Insurance	$	5,913	$	5,785	$	-	$	5,785	$	5,913	
Copies	$	1,000	$	-	$	40	$	40	$	1,000	
Legal Advertising	$	10,000	$	5,110	$	4,000	$	9,110	$	7,500	
Other Current Charges	$	5,268	$	544	$	956	$	1,500	$	2,500	
Boundary Amendment Expenditures	$	-	$	2,529	$	-	$	2,529	$	-	
Office Supplies	$	625	$	24	$	26	$	50	$	625	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total General & Administrative	$	148,786	$	91,934	$	70,794	$	162,728	$	170,463	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025	
Operations & Maintenance						
Cascades Expenditures Field Expenditures Property Insurance	

$	10,000	

$	3,355	

$	-	

$	3,355	

$	25,000	
Field Management	$	10,000	$	5,000	$	5,000	$	10,000	$	15,000	
Landscape Maintenance	$	185,000	$	55,805	$	55,805	$	111,610	$	185,000	
Landscape Replacement	$	25,000	$	2,415	$	2,415	$	4,830	$	25,000	
Lake Maintenance	$	18,500	$	525	$	1,050	$	1,575	$	12,500	
Streetlights	$	15,000	$	15,700	$	15,700	$	31,401	$	45,000	
Electric	$	5,500	$	4,527	$	4,527	$	9,055	$	11,000	
Water & Sewer	$	8,000	$	26,613	$	26,613	$	53,226	$	55,000	
Sidewalk & Asphalt Maintenance	$	2,500	$	-	$	-	$	-	$	-	
Irrigation Repairs	$	10,000	$	2,944	$	7,056	$	10,000	$	10,000	
General Repairs & Maintenance	$	17,000	$	4,671	$	12,329	$	17,000	$	17,000	
Field Contingency	$	10,000	$	3,316	$	6,684	$	10,000	$	12,500	
Amenity Expenditures						
Amenity Staff	$	30,000	$	-	$	-	$	-	$	-	
Amenity - Electric	$	12,000	$	-	$	-	$	-	$	15,000	
Amenity - Water	$	10,000	$	-	$	-	$	-	$	15,000	
Playground Lease	$	35,000	$	-	$	17,500	$	17,500	$	35,000	
Fitness Equipment Lease	$	35,000	$	-	$	17,500	$	17,500	$	35,000	
Propane Gas	$	-	$	-	$	-	$	-	$	6,000	
Internet	$	3,000	$	-	$	-	$	-	$	4,000	
Pest Control	$	1,500	$	-	$	-	$	-	$	2,000	
Janitorial Service	$	20,500	$	-	$	-	$	-	$	35,000	
Security Services	$	25,000	$	-	$	-	$	-	$	35,000	
Pool Maintenance	$	36,000	$	-	$	-	$	-	$	36,000	
Amenity Repairs & Maintenance	$	15,000	$	-	$	-	$	-	$	15,000	
Amenity Access Management	$	2,500	$	-	$	-	$	-	$	15,000	
Amenity Contingency	$	12,000	$	-	$	-	$	-	$	12,000	
Capital Reserve	$	5,000	$	-	$	-	$	-	$	154,860	
Subtotal Cascades Expenditures	$	559,000	$	124,871	$	172,181	$	297,052	$	827,860	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025	
Brentwood Expenditures Field Expenditures Property Insurance	

$	8,000	

$	-	

$	-	

$	-	

$	50,000	
Field Management	$	7,500	$	3,750	$	3,750	$	7,500	$	15,000	
Landscape Replacement	$	7,500	$	-	$	7,500	$	7,500	$	7,500	
Streetlights	$	10,000	$	3,946	$	3,946	$	7,892	$	22,000	
Electric	$	2,000	$	384	$	384	$	768	$	2,000	
Water & Sewer	$	5,000	$	-	$	-	$	-	$	5,000	
Landscape Maintenance	$	-	$	-	$	-	$	-	$	50,000	
Irrigation Repairs	$	3,000	$	-	$	-	$	-	$	5,000	
General Repairs & Maintenance	$	7,500	$	-	$	-	$	-	$	12,500	
Field Contingency	$	5,000	$	2,596	$	1,500	$	4,096	$	7,500	
Amenity Expenditures						
Amenity Staff	$	30,000	$	-	$	-	$	-	$	-	
Amenity - Electric	$	7,500	$	-	$	-	$	-	$	20,000	
Amenity - Water	$	10,000	$	-	$	-	$	-	$	15,000	
Playground Lease	$	35,000	$	-	$	-	$	-	$	70,000	
Fitness Equipment Lease	$	35,000	$	-	$	-	$	-	$	35,000	
Internet	$	3,000	$	-	$	-	$	-	$	4,000	
Amenity Landscaping	$	12,000	$	26,716	$	28,116	$	54,832	$	35,000	
Amenity Landscape Replacement	$	3,000	$	-	$	-	$	-	$	5,000	
Amenity Irrigation Repairs	$	3,000	$	335	$	2,665	$	3,000	$	3,500	
Pest Control	$	1,500	$	-	$	-	$	-	$	2,000	
Janitorial Service	$	15,000	$	-	$	-	$	-	$	35,000	
Security Services	$	25,000	$	-	$	-	$	-	$	50,000	
Pool Maintenance	$	25,000	$	-	$	-	$	-	$	40,000	
Amenity Repairs & Maintenance	$	10,000	$	-	$	-	$	-	$	20,000	
Amenity Access Management	$	2,500	$	-	$	-	$	-	$	12,500	
Amenity Contingency	$	7,500	$	-	$	-	$	-	$	15,000	
Capital Reserve	$	5,000	$	-	$	-	$	-	$	424,440	
Subtotal Brentwood Expenditures	$	285,500	$	37,727	$	47,861	$	85,588	$	962,940	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025	

Wynnstone Expenditures Field Expenditures Property Insurance
Field Management Landscape Maintenance Landscape Replacement Streetlights
Electric
Water & Sewer Irrigation Repairs
General Repairs & Maintenance Field Contingency
Amenity Expenditures
Amenity Staff Amenity - Electric Amenity - Water Playground Lease Propane Gas Internet
Amenity Landscaping
Amenity Landscape Replacement Amenity Irrigation Repairs
Pest Control Janitorial Service Security Services Pool Maintenance
Amenity Repairs & Maintenance Amenity Access Management Amenity Contingency
Capital Reserve

$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$

-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$

-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$

-	$	15,000
-	$	15,000
-	$	75,000
-	$	10,000
-	$	30,000
-	$	5,000
-	$	15,000
-	$	7,500
-	$	12,500
-	$	7,500

-	$	-
-	$	10,000
-	$	10,000
-	$	35,000
-	$	6,000
-	$	2,000
-	$	20,000
-	$	3,000
-	$	3,000
-	$	1,500
-	$	21,000
-	$	35,000
-	$	25,000
-	$	12,500
-	$	10,000
-	$	10,000
-	$	152,900

Excess Revenues/(Expenditures)	$	-	$	552,851	$	(289,886)  $	262,965	$	-

Total Expenditures	$	993,286  $	254,532  $	290,836  $	545,368  $	2,510,663

Subtotal Wynnstone Expenditures	$	-	$	-	$	-	$	-	$	549,400

Community Development District Proposed Budget
General Fund

Assessments Administrative

Product

Assessable Units

ERU/ FACTOR

ERU/UNITS	Net Assessment	Net Per Unit	Gross Per Unit

Assessment Area 1&2 Phase 1-3 - Cascades
Single Family	1,015	1.00	1015

$	72,590.70	$

71.52	$

76.90

Assessment Area 1&2 Phase 1-5 Brentwood
Townhome	762	0.75	572

$	40,872.50	$

53.64	$

57.68

Phase 1 - Wynnstone
Single Family	526	1.00	526

$	37,618.43	$

71.52	$

76.90

Phase 2 - Wynnstone (Not Platted)
Single Family	271	1.00	271	$	19,381.36	$	71.52	$	76.90	
	2574		2384	$170,463.00			

Assessments Cascade Subdivision

Product

Assessable Units

ERU/ FACTOR

ERU/UNITS	Net Assessment	Net Per Unit	Gross Per Unit

Assessment Area 1&2 Phase 1-3 - Cascades
Single Family	1,015	1.00	1015	$	827,860.00	$	815.63	$	877.02	
	1015		1015	$827,860.00			

Assessments Brentwood Subdivision

Product

Assessable Units

ERU/ FACTOR

ERU/UNITS	Net Assessment	Net Per Unit	Gross Per Unit

Assessment Area 1&2 Phase 1-5 - Brentwood
Townhome	762	0.75	572	$	962,940.00	$  1,263.70	$ 1,358.82	
	762		572	$962,940.00			

Assessment - Wynnstone Subdivision

Product

Assessable Units

ERU/ FACTOR

ERU/UNITS	Net Assessment	Net Per Unit	Gross Per Unit

Phase 1 - Wynnstone -
Single Family	526	1.00	526	$549,400.00	$1,044.49	$1,123.10

Phase 2 - Wynnstone (Not Platted)
Single Family	271	1.00	0	$0.00	$0.00	$0.00

797	526	$549,400.00	
	
Assessment - Total	

Product

Assessable Units

ERU/ FACTOR

ERU/UNITS	Net Assessment	Net Per Unit	Gross Per Unit

Assessment Area 1&2 Phase 1-3 - Cascades
Single Family 40"	

1,015	

1.00	

1015	

$	900,450.70	

$	887.14	

$	953.92	
Assessment Area 1&2							
Phase 1-5 - Brentwood							
Townhome	762	0.75	572	$  1,003,812.50	$  1,317.34	$ 1,416.49	

Phase 1 - Wynnstone										
Single Family	526	1.00	526	$	587,018.43	$	1,116.00	$	1,200.00	

Phase 2 - Wynnstone										
Single Family	271	1.00	271	$	19,381.36	$	71.52	$	76.90	
	2574	-	2384	$2,510,663.00			

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.

Developer Contributions

The District will enter into a funding agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

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 Engineering, 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.

Attorney

The District's legal counsel, Kilinski | Van Wyk, 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.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. This service is provided by McDirmit Davis, LLC.

Assessment Administration

The District has 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.

Arbitrage

The District has contracted with AMTEC to annually calculate the District’s Arbitrage Rebate Liability on its Series 2021 bond issuance and anticipates this cost with future bond issuances.

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 service is contracted with Governmental Management Services – Central FL LLC for its current Series 2021 bond issuance and anticipated bond issuances.

Trustee Fees

The District will incur trustee related costs with the issuance of its Series 2021 bond and anticipated issuances with US Bank.

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, annual audits, etc.

Information Technology

Represents various cost of information technology with Governmental Management Services–Central Florida, LLC 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.

Website Maintenance

Represents the costs with Governmental Management Services–Central Florida LLC 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.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages with Florida Insurance Alliance.

Copies

Printing and binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising

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

Other Current Charges

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

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.

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 (as it relates to the Cascades and Brentwood Projects):

Field Expenditures

Property Insurance

The District’s estimated property insurance coverages.

Field Management

Represents the estimated costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. Services provided include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed.

Landscape Replacement

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

Lake Maintenance

Represents the estimated costs to maintain the lakes within the District’s boundaries.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year with Duke Energy.

Electric

Represents estimated electric charges of common areas throughout the District with Duke Energy.

Water & Sewer

Represents estimated costs for water and refuse services provided for common areas throughout the District.

Sidewalk & Asphalt Maintenance

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

Irrigation Repairs

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

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Field Contingency

Represents funds allocated to expenditures that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenditures

Amenity Staff

Represents estimated staffing expenditures for the District’s amenity facilities.

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity facilities.

Playground Lease

Represents the estimated expenditure of the District entering a playground lease agreement.

Fitness Equipment Lease

Represents the estimated expenditure of the District entering a fitness equipment lease agreement. Propane Gas
Represents estimated propane gas charges for the District’s amenity facilities.

Internet

Internet service estimated to be added for use at the Amenity Center.

Pest Control

The District will incur costs for pest control treatments to its amenity facilities.
Janitorial Services

Represents the estimated costs to provide janitorial services and supplies for the District’s amenity facilities.

Security Services

Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities.

Pool Maintenance

Represents the estimated costs of regular cleaning and treatments of the District’s pool.

Amenity Repairs & Maintenance

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

Amenity Access Management

Represents the estimated cost of managing and monitoring access to the District’s amenity facilities

Amenity Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Capital Reserves

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

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025	

Revenues

Transfer In - Cascades Transfer In - Brentwood Transfer In - Wynnstone

$	5,000	$
$	5,000	$
$	-	$

-	$	-	$
-	$	-	$
-	$	-	$

-	$	154,860
-	$	424,440
-	$	152,900

Total Revenues	$	10,000	$	-	$	-	$	-	$	732,200

Expenditures

Capital Expenditures - Cascades Capital Expenditures - Brentwood Capital Expenditures - Wynnstone

$	-	$
$	-	$
$	-	$

-	$	-	$
-	$	-	$
-	$	-	$

-	$	-
-	$	-
-	$	-

Net Change in Fund Balance	$	10,000	$	-	$	-	$	-	$	732,200

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

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025	

Revenues						
Assessments	$  1,097,950	$  1,098,435	$	1,369	$  1,099,804	$  1,097,950	
Interest Income	$	-	$	23,414	$	11,707	$	35,121	$	-	
Carryforward Surplus	$	406,549	$	406,731	$	-	$	406,731	$	443,143	
Total Revenues	$ 1,504,499	$ 1,528,580	$	13,075	$ 1,541,655	$ 1,541,093	
Expenditures						
Interest - 11/1	$	344,256	$	344,256	$	-	$	344,256	$	339,131	
Principal - 5/1	$	410,000	$	-	$	410,000	$	410,000	$	425,000	
Interest - 5/1	$	344,256	$	-	$	344,256	$	344,256	$	339,131	
Total Expenditures	$ 1,098,513	$	344,256	$	754,256	$ 1,098,513	$ 1,103,263	
						
Net Change in Fund Balance	$	405,987	$  1,184,323	$	(741,181)	$	443,143	$	437,830	

Interest Expense 11/1/25  $
Total  $

333,819
333,819

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Townhome	226	$	192,100	$	850	$	914	
Single Family 40'	434	$	585,900	$	1,350	$	1,452	
Single Family 50'	237	$	319,950	$	1,350	$	1,452	
	897	$	1,097,950			

Series 2021 Special Assessment Bonds Amortization Schedule

Date	Balance	Principal	Interest	Total

11/01/24	$	19,000,000.00	$	
05/01/25	$	19,000,000.00	$	425	
11/01/25	$	18,575,000.00	$	
05/01/26	$	18,575,000.00	$	435	
11/01/26	$	18,140,000.00	$	
05/01/27	$	18,140,000.00	$	445	
11/01/27	$	15,775,000.00	$	
05/01/28	$	17,695,000.00	$	460	
11/01/28	$	17,235,000.00	$	
05/01/29	$	17,235,000.00	$	475	
11/01/29	$	16,760,000.00	$	
05/01/30	$	16,760,000.00	$	485	
11/01/30	$	16,275,000.00	$	
05/01/31	$	16,275,000.00	$	500	
11/01/31	$	15,775,000.00	$	
05/01/32	$	15,775,000.00	$	520	
11/01/32	$	15,255,000.00	$	
05/01/33	$	15,255,000.00	$	535	
11/01/33	$	14,720,000.00	$	
05/01/34	$	14,720,000.00	$	555	
11/01/34	$	14,165,000.00	$	
05/01/35	$	14,165,000.00	$	570	
11/01/35	$	13,595,000.00	$	
05/01/36	$	13,595,000.00	$	590	
11/01/36	$	13,005,000.00	$	
05/01/37	$	13,005,000.00	$	610	
11/01/37	$	12,395,000.00	$	
05/01/38	$	12,395,000.00	$	630	
11/01/38	$	11,765,000.00	$	
05/01/39	$	11,765,000.00	$	650	
11/01/39	$	11,115,000.00	$	
05/01/40	$	11,115,000.00	$	670	
11/01/40	$	10,445,000.00	$	
05/01/41	$	10,445,000.00	$	695	
11/01/41	$	9,750,000.00	$	
05/01/42	$	9,750,000.00	$	720	
11/01/42	$	9,030,000.00	$	
05/01/43	$	9,030,000.00	$	750	
11/01/43	$	8,280,000.00	$	
05/01/44	$	8,280,000.00	$	780	
11/01/44	$	7,500,000.00	$	
05/01/45	$	7,500,000.00	$	810	
11/01/45	$	6,690,000.00	$	
05/01/46	$	6,690,000.00	$	845	
11/01/46	$	5,845,000.00	$	
05/01/47	$	5,845,000.00	$	880	
11/01/47	$	4,965,000.00	$	
05/01/48	$	4,965,000.00	$	915	
11/01/48	$	4,050,000.00	$	
05/01/49	$	4,050,000.00	$	955	
11/01/49	$	3,095,000.00	$	
05/01/50	$	3,095,000.00	$	990	
11/01/50	$	2,105,000.00	$	
05/01/51	$	2,105,000.00	$	1,030	
11/01/51	$	1,075,000.00	$	
05/01/52	$	1,075,000.00	$	1,075	

$	339,131.25	$	1,093,387.50	
$	339,131.25		
$	333,818.75	$	1,097,950.00	
$	333,818.75		
$	328,381.25	$	1,097,200.00	
$	328,381.25		
$	321,706.25	$	1,095,087.50	
$	321,706.25		
$	314,806.25	$	1,096,512.50	
$	314,806.25		
$	307,681.25	$	1,097,487.50	
$	307,681.25		
$	300,406.25	$	1,093,087.50	
$	300,406.25		
$	292,906.25	$	1,093,312.50	
$	292,906.25		
$	284,456.25	$	1,097,362.50	
$	284,456.25		
$	275,762.50	$	1,095,218.75	
$	275,762.50		
$	266,743.75	$	1,097,506.25	
$	266,743.75		
$	257,481.25	$	1,094,225.00	
$	257,481.25		
$	247,893.75	$	1,095,375.00	
$	247,893.75		
$	237,981.25	$	1,095,875.00	
$	237,981.25		
$	227,743.75	$	1,095,725.00	
$	227,743.75		
$	217,181.25	$	1,094,925.00	
$	217,181.25		
$	206,293.75	$	1,093,475.00	
$	206,293.75		
$	195,000.00	$	1,096,293.75	
$	195,000.00		
$	180,600.00	$	1,095,600.00	
$	180,600.00		
$	165,600.00	$	1,096,200.00	
$	165,600.00		
$	150,000.00	$	1,095,600.00	
$	150,000.00		
$	133,800.00	$	1,093,800.00	
$	133,800.00		
$	116,900.00	$	1,095,700.00	
$	116,900.00		
$	99,300.00	$	1,096,200.00	
$	99,300.00		
$	81,000.00	$	1,095,300.00	
$	81,000.00		
$	61,900.00	$	1,097,900.00	
$	61,900.00		
$	42,100.00	$	1,094,000.00	
$	42,100.00		
$	21,500.00	$	1,093,600.00	
$	21,500.00	$	1,096,500.00	

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

$	19,410,000.00  $	12,704,662.50  $	32,114,662.50

Proposed Budget
Series 2024 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY2025	

Revenues

Special Assessments - On Roll Special Assessments - Direct Carry Forward Surplus

$	-	$
$	-	$
$	-	$

-	$	-
-	$  1,038,752
-	$	-

$	-
$  1,038,752
$	-

$  2,522,100
$	-
$  1,038,752

Total Revenues	$	-	$	-	$ 1,038,752	$ 1,038,752	$ 3,560,852

Expenditures

Interest - 11/1	$	-	$	-	$	-	$	-	$  1,038,752	
Principal - 5/1	$	-	$	-	$	-	$	-	$	475,000	
Interest - 5/1	$	-	$	-	$	-	$	-	$  1,027,338	
Total Expenditures	$	-	$	-	$	-	$	-	$ 2,541,090	

Other Financing Sources/(Uses)

Bond Proceeds	

$	-	$	-	$  2,522,100	

$  2,522,100	

$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$ 2,522,100	$ 2,522,100	$	-	
				
Net Change in Fund Balance	$	-	$	-	$  3,560,852	$  3,560,852	$  1,019,762	

Interest Expense 11/1/25  $
Total  $

1,015,759
1,015,759

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Townhome -DR Horton Brentwood 2&3	246	$	369,239	$	1,501	$	1,614	
Townhome - Lennar Brentwood 4&5	290	$	333,500	$	1,150	$	1,237	
Single Family 40' - DR Horton Cascades 3	219	$	522,074	$	2,384	$	2,563	
Single Family 40' - Wynnstone 1A	239	$	466,050	$	1,950	$	2,097	
Single Family 40' - DR Horton Wynnstone 1B	34	$	45,900	$	1,350	$	1,452	
Single Family 50' - DR Horton Cascades 3	125	$	297,987	$	2,384	$	2,563	
Single Family 50' - Wynnstone 1A	243	$	473,849	$	1,950	$	2,097	
Single Family 50' - DR Horton Wynnstone 1B	10	$	13,500	$	1,350	$	1,452	
	1406	$	2,522,100			

Series 2024 Special Assessment Bonds Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

11/01/24	$	35,500,000.00	$	
05/01/25	$	35,500,000.00	$	475	
11/01/25	$	35,025,000.00	$	
05/01/26	$	35,025,000.00	$	500	
11/01/26	$	34,525,000.00	$	
05/01/27	$	34,525,000.00	$	525	
11/01/27	$	31,620,000.00	$	
05/01/28	$	34,000,000.00	$	550	
11/01/28	$	33,450,000.00	$	
05/01/29	$	33,450,000.00	$	580	
11/01/29	$	32,870,000.00	$	
05/01/30	$	32,870,000.00	$	610	
11/01/30	$	32,260,000.00	$	
05/01/31	$	32,260,000.00	$	640	
11/01/31	$	31,620,000.00	$	
05/01/32	$	31,620,000.00	$	675	
11/01/32	$	30,945,000.00	$	
05/01/33	$	30,945,000.00	$	715	
11/01/33	$	30,230,000.00	$	
05/01/34	$	30,230,000.00	$	755	
11/01/34	$	29,475,000.00	$	
05/01/35	$	29,475,000.00	$	800	
11/01/35	$	28,675,000.00	$	
05/01/36	$	28,675,000.00	$	850	
11/01/36	$	27,825,000.00	$	
05/01/37	$	27,825,000.00	$	900	
11/01/37	$	26,925,000.00	$	
05/01/38	$	26,925,000.00	$	950	
11/01/38	$	25,975,000.00	$	
05/01/39	$	25,975,000.00	$	1,010	
11/01/39	$	24,965,000.00	$	
05/01/40	$	24,965,000.00	$	1,070	
11/01/40	$	23,895,000.00	$	
05/01/41	$	23,895,000.00	$	1,130	
11/01/41	$	18,950,000.00	$	
05/01/42	$	18,950,000.00	$	1,200	
11/01/42	$	18,950,000.00	$	
05/01/43	$	18,950,000.00	$	1,270	
11/01/43	$	18,950,000.00	$	
05/01/44	$	18,950,000.00	$	1,345	
11/01/44	$	18,950,000.00	$	
05/01/45	$	18,950,000.00	$	1,425	
11/01/45	$	17,525,000.00	$	
05/01/46	$	17,525,000.00	$	1,515	
11/01/46	$	16,010,000.00	$	
05/01/47	$	16,010,000.00	$	1,605	
11/01/47	$	14,405,000.00	$	
05/01/48	$	14,405,000.00	$	1,705	
11/01/48	$	12,700,000.00	$	
05/01/49	$	12,700,000.00	$	1,810	
11/01/49	$	10,890,000.00	$	
05/01/50	$	10,890,000.00	$	1,925	
11/01/50	$	8,965,000.00	$	
05/01/51	$	8,965,000.00	$	2,045	
11/01/51	$	6,920,000.00	$	
05/01/52	$	6,920,000.00	$	2,170	
11/01/52	$	4,750,000.00	$	
05/01/53	$	4,750,000.00	$	2,305	
11/01/53	$	2,445,000.00	$	
05/01/54	$	2,445,000.00	$	2,445	

$	1,038,752.36	$	1,038,752.36	
$	1,027,337.50		
$	1,015,759.38	$	2,518,096.88	
$	1,015,759.38		
$	1,003,571.88	$	2,519,331.25	
$	1,003,571.88		
$	990,775.00	$	2,519,346.88	
$	990,775.00		
$	977,368.75	$	2,518,143.75	
$	977,368.75		
$	963,231.25	$	2,520,600.00	
$	963,231.25		
$	948,362.50	$	2,521,593.75	
$	948,362.50		
$	932,762.50	$	2,521,125.00	
$	932,762.50		
$	913,356.25	$	2,521,118.75	
$	913,356.25		
$	892,800.00	$	2,521,156.25	
$	892,800.00		
$	871,093.75	$	2,518,893.75	
$	871,093.75		
$	848,093.75	$	2,519,187.50	
$	848,093.75		
$	823,656.25	$	2,521,750.00	
$	823,656.25		
$	797,781.25	$	2,521,437.50	
$	797,781.25		
$	770,468.75	$	2,518,250.00	
$	770,468.75		
$	741,431.25	$	2,521,900.00	
$	741,431.25		
$	710,668.75	$	2,522,100.00	
$	710,668.75		
$	678,181.25	$	2,518,850.00	
$	678,181.25		
$	643,681.25	$	2,521,862.50	
$	643,681.25		
$	607,168.75	$	2,520,850.00	
$	607,168.75		
$	568,500.00	$	2,520,668.75	
$	568,500.00		
$	525,750.00	$	2,519,250.00	
$	525,750.00		
$	480,300.00	$	2,521,050.00	
$	480,300.00		
$	432,150.00	$	2,517,450.00	
$	432,150.00		
$	381,000.00	$	2,518,150.00	
$	381,000.00		
$	326,700.00	$	2,517,700.00	
$	326,700.00		
$	268,950.00	$	2,520,650.00	
$	268,950.00		
$	207,600.00	$	2,521,550.00	
$	207,600.00		
$	142,500.00	$	2,520,100.00	
$	142,500.00		
$	73,350.00	$	2,520,850.00	
$	73,350.00	$	2,518,350.00	

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

$	35,500,000.00  $	41,140,114.86  $	76,640,114.86