Adopted Budget	
Fiscal Year 2019	

Community Development District

August 10, 2018

Lake Ashton	
Community Development District	

TABLE OF CONTENTS

General Fund	
Budget	
Budget Narrative	

Page 1-2	
Page 3-8	

Capital Projects Fund	
Budget	

Page 9

Debt Service Funds	
Series 2015 Budget	
Amortization Schedule A-1	
Amortization Schedule A-2	

Page 10	
Page 11	
Page 12	

Lake Ashton	
Community Development District	

Description

General Fund

Adopted		Actual		Projected		Total		Adopted	
Budget		Thru		Next		Projected		Budget	
FY 2018		6/30/2018		3 Months		9/30/2018		FY 2019	

Revenues	
Special Assessments - Levy	
Rental Income	
Entertainment Fees	
Newsletter Ad Revenue	
Interest Income	
Miscellaneous Income	
Restaurant Lease	
Insurance Proceeds	
Carryforward	

 	
$1,572,079	
$50,000	
$130,000	
$55,000	
$1,000	
$5,000	
$12,000	
$0	
$0	

 	
$1,585,606	
$53,075	
$143,581	
$88,148	
$5,571	
$14,643	
$5,484	
$192,846	
$16,304	

 	
($4,350)	
$7,200	
$6,748	
$6,150	
$2,325	
$1,500	
$0	
$0	
$0	

 
$1,581,256	
$60,275	
$150,329	
$94,298	
$7,896	
$16,143	
$5,484	
$192,846	
$16,304	

 
$1,572,079	
$50,000	
$130,000	
$55,000	
$1,000	
$5,000	
$0	
$0	
$0	

     
 TOTAL REVENUES	 	$1,825,080 	$2,105,258 	$19,572 	$2,124,829 	$1,813,079 

Expenditures	
Administrative	
Supervisor Fees	
FICA Expense	
Engineering	
Arbitrage	
Dissemination	
Attorney	
Annual Audit	
Trustee Fees	
Management Fees	
Computer Time	
Travel and Per Diem	
Postage	
Printing & Binding	
Newsletter Printing	
Rentals & Leases	
Insurance	
Legal Advertising	
Other Current Charges	
Property Taxes	
Office Supplies	
Dues, Licenses & Subscriptions	

$3,000	
$230	
$20,000	
$1,200	
$1,000	
$20,000	
$4,123	
$4,310	
$58,482	
$1,000	
$0	
$2,500	
$1,600	
$32,000	
$5,000	
$34,278	
$500	
$1,250	
$12,000	
$100	
$175	

$2,400	
$184	
$12,503	
$600	
$1,200	
$21,002	
$4,123	
$4,310	
$43,862	
$750	
$100	
$2,537	
$1,017	
$26,791	
$3,996	
$36,737	
$286	
$3,294	
$12,408	
$63	
$175	

$750	
$57	
$4,168	
$0	
$250	
$7,001	
$0	
$0	
$14,621	
$250	
$0	
$622	
$353	
$8,496	
$954	
$0	
$235	
$178	
$0	
$12	
$0	

$3,150		$3,000	
$241		$230	
$16,671		$15,000	
$600		$600	
$1,450		$1,000	
$28,003		$25,000	
$4,123		$4,223	
$4,310		$4,310	
$58,482		$58,482	
$1,000		$1,000	
$100		$0	
$3,159		$3,500	
$1,369		$1,350	
$35,287		$35,000	
$4,950		$5,000	
$36,737		$40,411	
$520		$500	
$3,473		$1,250	
$12,408		$12,500	
$75		$100	
$175		$175	

 TOTAL ADMINISTRATIVE	 	$202,748 	$178,336 	$37,945 	$216,282 	$212,631 

Lake Ashton	
Community Development District	

Description

General Fund

Adopted		Actual		Projected		Total		Adopted	
Budget		Thru		Next		Projected		Budget	
FY 2018		6/30/2018		3 Months		9/30/2018		FY 2019	

Maintenance	
Field Management Services	$322,330	$229,412	
Gate & Patrol Officers	$209,457	$159,257	
Pool Officer	$12,495	$5,021	
Pest Control	$1,750	$1,685	
Security/Fire Alarm/Gate Repairs	$5,000	$5,300	
Telephone/Internet	$13,600	$8,785	
Electric	$216,000	$155,643	
Water	$12,000	$8,785	
Gas	$15,000	$21,877	
Refuse	$10,500	$5,946	
Clubhouse Maintenance	$105,000	$85,578	
Pool and Fountain Maintenance	$20,000	$15,603	
Landscape Maintenance	$176,007	$131,578	
Plant Replacement	$7,000	$4,234	
Irrigation Repairs	$7,500	$1,398	
Lake Maintenance	$18,540	$13,905	
Wetland/Mitigation Maintenance	$34,800	$27,500	
Permits/Inspections	$2,160	$1,372	
Office Supplies/Printing/Binding	$4,000	$4,807	
Operating Supplies	$25,000	$27,501	
Credit Card Processing Fees	$3,500	$3,162	
Dues & Subscriptions	$8,500	$3,102	
Decorations	$2,000	$628	
Special Events	$130,000	$138,481	
Storm Damage	$0	$303,316	
Traffic Accident Repairs	$0	$4,716	

$332,000	
$209,457	
$12,495	
$1,800	
$5,100	
$13,600	
$216,000	
$12,000	
$17,000	
$10,000	
$110,000	
$20,000	
$176,007	
$7,000	
$3,500	
$18,540	
$34,800	
$1,500	
$5,000	
$25,000	
$3,500	
$8,500	
$2,000	
$130,000	
$0	
$0	

$56,405	$285,817
$53,966	$213,224
$7,474	$12,495
$360	$2,045
$1,673	$6,974
$3,180	$11,965
$41,242	$196,885
$2,214	$10,999
$0	$21,877
$2,167	$8,113
$25,931	$111,509
$4,695	$20,298
$44,002	$175,580
$2,766	$7,000
$2,500	$3,898
$4,635	$18,540
$7,300	$34,800
$622	$1,994
$1,602	$6,409
$9,167	$36,667
$330	$3,492
$1,034	$4,136
$0	$628
$6,500	$144,981
$0	$303,316

Other Sources and Uses	
Capital Reserve-Transfer Out	

$0	$4,716
TOTAL MAINTENANCE	$1,362,139	$1,368,590	$279,764	$1,648,354	$1,374,799
											
 TOTAL EXPENDITURES			 	$1,564,886 		 	$1,546,926 		 	$317,710 		 	$1,864,636 		 	$1,587,429 	

		
($260,194)		
($260,194)		
$0		
($260,194)		
($225,650)	
 TOTAL OTHER SOURCES AND USES			 	($260,194)		 	($260,194)		 	$0 		 	($260,194)		 	($225,650)	
 EXCESS REVENUES			$0		$298,138		($298,138)		$0		$0	

FY 2015	FY 2016	FY 2017	FY 2018	FY 2019
$1,572,079
$118,329
$1,690,408
986
$1,714.41	
Net Assessment	$1,572,076	$1,572,076	$1,572,076	$1,572,076		
Plus Collection Fees (7%)	$118,328	$118,328	$118,328	$118,328		
Gross Assessment	$1,690,405	$1,690,404	$1,690,404	$1,690,404		
No. of Units	986	986	986	986		
Gross Per Unit Assessment	$1,714.41	$1,714.41	$1,714.41	$1,714.41		

REVENUES:

Special Assessments
The District will levy a non ad-valorem special assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year.

Rental Income
Rental fees charged for rental of facilities for events.

Entertainment Fees
Fees charged for the Entertainment Series tickets and Special Event tickets. The entertainment fees include a charge for those paying with credit cards to offset the credit card processing fees.

Newsletter Income
The District will earn advertising income from local businesses who would like to advertise in the CDD newsletter that is published on a monthly basis.

Interest Income
The District will have all excess funds invested with the State Board of Administration. The amount is based upon the estimated average balance of funds available during the fiscal year.

Miscellaneous Income
Miscellaneous income sources including Monday Morning Coffee Revenue and Postage Revenue as well as any other business center revenue earned during the fiscal year.

Restaurant Lease Income
Monthly lease payment for lease of the Restaurant.

EXPENDITURES:

Supervisor Fees
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon the five paid supervisors attending the estimated 12 monthly meetings at
$50 per attendance.

FICA Expense
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering Fees
The District's engineer will be providing general engineering services to the District including attendance and preparation for board meetings, etc.

Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District's Series 2015 Capital Improvement Revenue Refunding Bonds. Currently the District has contracted Grau & Associates, an independent certified public accounting firm, to calculate the rebate liability and submit a report to the District.

Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues. The District has contracted with Governmental Management Services, to provide this service.

Attorney
The District's legal counsel will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Trustee Fees
The District issued Series 2015A-1 and A-2 Capital Improvement Revenue Refunding Bonds which are held with a Trustee at US Bank. The amount of the trustee fees is based on the agreement between US Bank and the District.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services. These services are further outlined in Exhibit "A" of the Management Agreement.

Computer Time
The District processes all of its financial activities, i.e., accounts payable, financial statements, etc. on a mainframe computer leased by Governmental Management Services.

Postage
Mailing of checks, overnight deliveries, correspondence, etc.

Printing & Binding 
Printing copies, printing of computerized checks, stationary, envelopes etc.

Newsletter Printing
Cost of preparing and printing monthly newsletter for CDD residents.

Rentals & Leases   
The District currently has a lease for the copier at the clubhouse that is estimated to cost $176 per month plus copy overage and toner shipping charges.

Insurance
The District's General Liability & Public Officials Liability Insurance policy and property insurance is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

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

Other Current Charges
Bank charges and any other miscellaneous expenses that are incurred during the year.

Property Taxes
Non-exempt Ad-valorem taxes on property owned within the District.

Office Supplies
Miscellaneous office supplies.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

MAINTENANCE:

Field Management Fees
Governmental Management Services will provide on-site management services for the District. The amount budgeted is based on an estimated annual contract amount of $332,000. This amount represents a 3% proposed increase.

Gate & Patrol Officers
Property and gate attendant services for the Lake Ashton Community Development District are now provided by Community Watch Solutions, LLC. The amount budgeted is based on the annual contract.

Description	Annual Amount	
Gate House	$119,268	
Patrol	$59,634	
Peak Season	$12,495	
Contingency	$18,060	
	$209,457	
Pool Officer
Pool monitoring services for the Lake Ashton Community Development District are now provided by Community Watch Solutions, LLC. The amount budgeted is based on the number of hours needed.

Pest Control
The District has obtained a contract with Florida Pest Control for bugs, mosquitoes and rodent control.

Security/Fire Alarm/Gate Repairs
Annual fire alarm and security alarm monitoring as well as gate repairs.

Telephone/Internet
The District is contracted with Spectrum for Internet services, telephone services, and guest wi-fi services.	The District is also contracted with Kings III for emergency telephone service at the pool.

Electric
The District has various accounts with TECO for electric services.

Account Number	Description	Annual Amount	
211003673699	3555 LAKE ASHTON BL LTS	$500.00	
211003674275	LAKE ASHTON-OUTDOOR LIGHTING	$46,000.00	
211003674721	1101 ASHTON PALMS DRIVE	$400.00	
211003674952	ASHTON PALMS DR A/L - OUTDOOR LIGHTING	$500.00	
211003675454	ASHTON PALMS DRIVE- OUTDOOR LIGHTING	$7,800.00	
211003675231	LAKE ASHTON PHIIIB - OUTDOOR LIGHTING	$22,500.00	
211003673350	3555 LAKE ASHTON BL GRD HSE	$3,500.00	
211003674523	DUNMORE DRIVE AL	$43,000.00	
211003673988	4141 ASHTON CLUB DRIVE	$60,500.00	
221000397002	LAKE ASHTON PH5 LTS	$12,150.00	
211003675660	LAKE ASHTON PH6	$14,750.00	
211003675918	THE PALMS/MACARTHUR PALMS	$4,400.00	
TOTAL		$216,000.00	

Water
The District receives water service from the City of Lake Wales.

Account Number	Description	Annual Amount	
20735	4141 ASHTON CLUB DRIVE	$8,500.00	
22109	GATE ENTRANCE-IRR	$1,000.00	
37767	PALMS IRRIGATION	$1,000.00	
20740	4128 LAKE ASHTON BLVD.	$1,500.00	
TOTAL		$12,000.00	

Gas
The District currently uses Amerigas Propane for gas to heat the pool.

Refuse Service
The District is currently contracted with Florida Refuse for garbage pickup and recycling services. The monthly amount is approximately $833.00.

Maintenance

Repairs and Maintenance
Regular repairs and maintenance to the District’s Facilities throughout the community.

Pool and Fountain Maintenance
The District is currently contracted with Heartland Commercial Pool Services. The monthly amount to maintain the pool is $1,290. A contingency of $4,520 is included for special maintenance and repairs.

Landscape Maintenance
The District has contracted with Yellowstone Landscape to provide landscape maintenance services for the Lake Ashton Community Development District. These services will include, mowing, edging, trimming, debris removal, fertilizer, insect, disease and weed control, shrubs, tree maintenance, irrigation, planting of annuals, mulching, palm pruning, and maintenance on Fig.

Plant Replacement
Replacement of plants needed throughout the District.

Irrigation Repairs
Unscheduled repairs and maintenance to the irrigation system throughout the District.

Lake Maintenance
The District has obtained a contract with Applied Aquatic Management for the maintenance of 13 ponds, canals, & E-1 pond Littoral Shelf.

Description	Monthly	Annually	
Applied Aquatics	$1,545.00	$18,540	

Wetland/Mitigation Maintenance
The District has obtained a contract with Applied Aquatic Management for Wetlands/Mitigation maintenance. The management program will include the control of vegetation, algae, and grass/brush control.

Description	Quarterly	Annually	Area	
Applied Aquatics	$7,300.00	$29,200.00	Mitigation Areas: 1B, 7A	
			Wetlands Areas: 2, 3, 4, 5, 6,	
			8,	Utility	Easement	
			Wetland, and	
			East Conservation Area	
	Semi-Annually	Annually	Area	
Applied Aquatics	$2,800.00	$5,600.00	Conservation Area from	
			Clubhouse West to boat	
			ramp	

Permits/Inspections
The District is required to renew permits and other inspections on an annual basis with the City of Lake Wales, Polk County and The State of Florida to comply with regulations.

Office Supplies/Printing & Binding
Office supplies for the clubhouse that will include items such as paper, toner, etc.

Operating Supplies
General operating supplies such as chemicals, paints, paper products, etc. for the clubhouse.

Credit Card Processing Fee
The District processes credit cards with Bank of America.

Dues & Licenses
The District is required to pay an annual subscription for Motion Picture Licensing and Music Licensing.

Decorations
The District funds seasonal decorations for the Clubhouse.

Special Events
The District will have shows and events throughout the year.

Capital Projects
Represents the estimated capital reserve funding for capital expenditures that will be transferred to the Capital Projects Fund. See page 9 for the Capital Projects Fund Budget.

Lake Ashton	
Community Development District	

Adopted	
Budget	
 	FY 2018		

Actual	
Thru	
       6/30/2018 	

Projected	
Next	
        3 Months		

 Description	

Revenues	
Capital Reserve-Transfer In	
Interest Income	
Carryforward Surplus	

$260,194	
$100	
$275,876	

$260,194	
$4,385	
$280,425	

$0	
$1,200	
$0	

        TOTAL REVENUES	 	$536,170 	$545,004 	$1,200 

Capital Projects Funds

Total	
Projected	
       9/30/2018 	

Adopted	
Budget	
 	FY 2019		

$260,194	$225,650
$5,585	$100
$280,425	$317,610

 	$546,204         		$543,360 	

$25,000	
$20,000	
$15,000	
$8,000	
$6,000	
$5,000	
$10,000	
$5,000	
$0	
$10,000	
$15,000	
$31,000	
$9,000	
$165,000	
$15,000	
$7,000	
$25,000	
$0	
$500	
 	$371,500 	

Expenditures

Capital Projects-FY 18	
Restaurant Equipment	
Ballroom Window Replacement	
Bowling Alley Equipment & Scoreboards	
Computer Allowance	
Pool Fence Panel Refurbishment	
Fitness Equipment	
Fitness Center Refurbishment	
HVAC Replacement	
Landscape Refurbishment	
Pavement Management-Parking lot Resurfacing/Striping	
Pavement Management-2993 LF Gullane, Dornoch, Robellini, Coconut	
Pool Equipment	
Restaurant Equipment Allowance	
Stormwater System and Curb Repairs	
Ticketing Software	
Traffic Calming Speed Humps (2)	
Capital Reserves-FY 18	
Other Current Charges	

$0	
$66,000	
$25,000	
$5,000	
$16,000	
$19,000	
$0	
$20,000	
$10,100	
$70,000	
$165,000	
$10,000	
$15,000	
$25,000	
$10,000	
$7,500	
$71,920	
$650	

$5,344	
$32,347	
$0	
$550	
$0	
$6,984	
$3,260	
$6,776	
$8,528	
$0	
$300	
$3,535	
$22,334	
$31,680	
$0	
$0	
$0	
$365	

$0	
$0	
$25,000	
$4,500	
$0	
$6,984	
$0	
$0	
$0	
$70,000	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$107	

$5,344	
$32,347	
$25,000	
$5,050	
$0	
$13,968	
$3,260	
$6,776	
$8,528	
$70,000	
$300	
$3,535	
$22,334	
$31,680	
$0	
$0	
$0	
$472	

$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	

Capital Projects-FY 19	
Sand Filtration System for Pool	
Pool Heaters (2)	
Pool Tile Replacement	
Activities Desk Upgrade	
Clubhouse & Gate House Camera System Upgrades	
Door Replacement	
Indoor Furniture	
Outdoor Furniture	
Gate Entry System	
Bocce Ball Court Refurbishment	
Clubhouse Lawn Lighting (Front of Clubhouse)	
HVAC	
Ice Machine Replacement - Clubhouse Fitness Center Restroom Area	
Pavement Management	
Restaurant Equipment Allowance	
Ballroom Sound Equipment	
Stormwater Management	
Capital Reserves-FY 19	
Other Current Charges	

$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	

$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	

$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	

$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	

       TOTAL EXPENDITURES	 	$536,170 	$122,003 	$106,591 	$228,594 

EXCESS REVENUES	$0	$423,000	($105,391)	$317,610	$171,860

RESERVES	
Beginning Balance	
Reserves	
Expenditures	
Ending Balance	

FY 2018	
$280,425	
$265,778	
 	($228,594) 	
 	$317,610 	

FY 2019	
$317,610	
$225,650	
 	($371,500) 	
 	$171,760 	

FY 2020	
$171,760	
$333,881	
 	($4,700) 	
 	$500,941 	

FY 2021	
$500,941	
$332,513	
 	($966,939) 	
 	($133,485) 	

FY 2022	
($133,485)	
$330,847	
 	($68,352) 	
 	$129,010 	

RESERVE STUDY	
Beginning Balance	
Reserves	
Expenditures	
Ending Balance	

FY 2018	
$430,895	
$254,593	
 	($20,800) 	
 	$664,688 	

FY 2019	
$664,688	
$333,181	
 	($506,125) 	
 	$491,744 	

FY 2020	
$491,744	
$333,881	
 	($4,700) 	
 	$820,925 	

FY 2021	
$820,925	
$332,513	
 	($966,939) 	
 	$186,499 	

FY 2022	
$186,499	
$330,847	
 	($68,352) 	
 	$448,994 	

Page 9

Lake Ashton	
Community Development District	

 	
Debt Service Fund	
Series 2015 Special Assessment Refunding Bonds	

Adopted		Actual		Projected		Total		Adopted	
Budget		Thru		Next		Projected		Budget	
 	FY 2018			 	6/30/2018			 	3 Months			 	9/30/2018			 	FY 2019		

 Description	

Revenues	
Special Assessments - Levy	
Special Assessments - PPMT A-1	
Interest Income	
Carry Forward Surplus (1)	

 	
$477,921		$477,363	
$0		$7,097	
$0		$398	
$165,434		$208,360	

 	
$585	
$0	
$180	
$0	

 	
$477,948	
$7,097	
$578	
$208,360	

 	
$472,609	
$0	
$0	
$141,984	

 

$643,355	$693,218	$765	$6	

Expenditures	
Series 2015A-1	
Interest - 11/01	
Interest - 05/01	
Principal - 05/01	
Special Call - 11/01	
Special Call - 05/01	

TOTAL REVENUES

Series 2015A-2	
Interest - 11/01	
Interest - 05/01	
Principal - 05/01	
Special Call - 11/01	

 	
$15,125	
$15,125	
$20,000	
$0	

 

 

$15,125	
$15,000	
$20,000	
$5,000	

TOTAL EXPENDITURES		$503,500		$552,000		$0		$552,000		$473,500	
											
EXCESS REVENUES		$139,855		$141,218		$765		$141,984		$141,093	

(1) Carryforward suplus is net of the Reserve Requirement.

93,984	$614,593

$111,625	
$111,625	
$205,000	
$25,000	
$0	

$111,625	
$110,250	
$200,000	
$55,000	
$20,000	

  

$0	
$0	
$0	
$0	
$0	

 	
$111,625	
$110,250	
$200,000	
$55,000	
$20,000	

 	
$104,750	
$104,750	
$210,000	
$5,000	
$0	

$0	
$0	
$0	
$0	

 	
$15,125	
$15,000	
$20,000	
$5,000	

 	
$14,500	
$14,500	
$20,000	
$0	

 

  

2015A-1	$	99,500	
2015A-2	$	14,000	
11/19 Interest	$	113,500	

No. of Units	Per Unit	2015A-1		2015A-2	
290	$0.00	$0.00		$0.00	
145	$539.74	$78,262.30		$0.00	
16	$684.62	$10,953.92		$0.00	
294	$765.82	$225,151.08		$0.00	
24	$1,092.43	$0.00		$26,218.32	
64	$1,028.98	$38,000.64		$27,854.08	
87	$977.74	$85,063.38		$0.00	
GC (21)	$16,678.16	$16,678.16		$0.00	
920		$454,109.48		$54,072.40	
Discounts/Collection Fees (7%)	($31,787.66)		($3,785.07)	
Net Assessment Total		$422,321.82	#	$50,287.33	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	

05/01/18	$	4,410,000.00	$	220,000.00	$	110,250.00	$	496,875.00	
11/01/18	$	4,190,000.00	$	-	$	104,750.00	$	-	
05/01/19	$	4,190,000.00	$	210,000.00	$	104,750.00	$	419,500.00	
11/01/19	$	3,980,000.00	$	-	$	99,500.00	$	-	
05/01/20	$	3,980,000.00	$	225,000.00	$	99,500.00	$	424,000.00	
11/01/20	$	3,755,000.00	$	-	$	93,875.00	$	-	
05/01/21	$	3,755,000.00	$	235,000.00	$	93,875.00	$	422,750.00	
11/01/21	$	3,520,000.00	$	-	$	88,000.00	$	-	
05/01/22	$	3,520,000.00	$	245,000.00	$	88,000.00	$	421,000.00	
11/01/22	$	3,275,000.00	$	-	$	81,875.00	$	-	
05/01/23	$	3,275,000.00	$	260,000.00	$	81,875.00	$	423,750.00	
11/01/23	$	3,015,000.00	$	-	$	75,375.00	$	-	
05/01/24	$	3,015,000.00	$	270,000.00	$	75,375.00	$	420,750.00	
11/01/24	$	2,745,000.00	$	-	$	68,625.00	$	-	
05/01/25	$	2,745,000.00	$	285,000.00	$	68,625.00	$	422,250.00	
11/01/25	$	2,460,000.00	$	-	$	61,500.00	$	-	
05/01/26	$	2,460,000.00	$	300,000.00	$	61,500.00	$	423,000.00	
11/01/26	$	2,160,000.00	$	-	$	54,000.00	$	-	
05/01/27	$	2,160,000.00	$	315,000.00	$	54,000.00	$	423,000.00	
11/01/27	$	1,845,000.00	$	-	$	46,125.00	$	-	
05/01/28	$	1,845,000.00	$	335,000.00	$	46,125.00	$	427,250.00	
11/01/28	$	1,510,000.00	$	-	$	37,750.00	$	-	
05/01/29	$	1,510,000.00	$	350,000.00	$	37,750.00	$	425,500.00	
11/01/29	$	1,160,000.00	$	-	$	29,000.00	$	-	
05/01/30	$	1,160,000.00	$	370,000.00	$	29,000.00	$	428,000.00	
11/01/30	$	790,000.00	$	-	$	19,750.00	$	-	
05/01/31	$	790,000.00	$	385,000.00	$	19,750.00	$	424,500.00	
11/01/31	$	405,000.00	$	-	$	10,125.00	$	-	
05/01/32	$	405,000.00	$	405,000.00	$	10,125.00	$	425,250.00	

$	4,410,000.00	$	1,850,750.00	$	6,427,375.00	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	

05/01/18	$	600,000.00	$	20,000.00	$	15,000.00	$	55,125.00	
11/01/18	$	580,000.00	$	-	$	14,500.00	$	-	
05/01/19	$	580,000.00	$	20,000.00	$	14,500.00	$	49,000.00	
11/01/19	$	560,000.00	$	-	$	14,000.00	$	-	
05/01/20	$	560,000.00	$	20,000.00	$	14,000.00	$	48,000.00	
11/01/20	$	540,000.00	$	-	$	13,500.00	$	-	
05/01/21	$	540,000.00	$	20,000.00	$	13,500.00	$	47,000.00	
11/01/21	$	520,000.00	$	-	$	13,000.00	$	-	
05/01/22	$	520,000.00	$	20,000.00	$	13,000.00	$	46,000.00	
11/01/22	$	500,000.00	$	-	$	12,500.00	$	-	
05/01/23	$	500,000.00	$	20,000.00	$	12,500.00	$	45,000.00	
11/01/23	$	480,000.00	$	-	$	12,000.00	$	-	
05/01/24	$	480,000.00	$	25,000.00	$	12,000.00	$	49,000.00	
11/01/24	$	455,000.00	$	-	$	11,375.00	$	-	
05/01/25	$	455,000.00	$	25,000.00	$	11,375.00	$	47,750.00	
11/01/25	$	430,000.00	$	-	$	10,750.00	$	-	
05/01/26	$	430,000.00	$	25,000.00	$	10,750.00	$	46,500.00	
11/01/26	$	405,000.00	$	-	$	10,125.00	$	-	
05/01/27	$	405,000.00	$	30,000.00	$	10,125.00	$	50,250.00	
11/01/27	$	375,000.00	$	-	$	9,375.00	$	-	
05/01/28	$	375,000.00	$	30,000.00	$	9,375.00	$	48,750.00	
11/01/28	$	345,000.00	$	-	$	8,625.00	$	-	
05/01/29	$	345,000.00	$	30,000.00	$	8,625.00	$	47,250.00	
11/01/29	$	315,000.00	$	-	$	7,875.00	$	-	
05/01/30	$	315,000.00	$	35,000.00	$	7,875.00	$	50,750.00	
11/01/30	$	280,000.00	$	-	$	7,000.00	$	-	
05/01/31	$	280,000.00	$	35,000.00	$	7,000.00	$	49,000.00	
11/01/31	$	245,000.00	$	-	$	6,125.00	$	-	
05/01/32	$	245,000.00	$	35,000.00	$	6,125.00	$	47,250.00	
11/01/32	$	210,000.00	$	-	$	5,250.00	$	-	
05/01/33	$	210,000.00	$	40,000.00	$	5,250.00	$	50,500.00	
11/01/33	$	170,000.00	$	-	$	4,250.00	$	-	
05/01/34	$	170,000.00	$	40,000.00	$	4,250.00	$	48,500.00	
11/01/34	$	130,000.00	$	-	$	3,250.00	$	-	
05/01/35	$	130,000.00	$	40,000.00	$	3,250.00	$	46,500.00	
11/01/35	$	90,000.00	$	-	$	2,250.00	$	-	
05/01/36	$	90,000.00	$	45,000.00	$	2,250.00	$	49,500.00	
11/01/36	$	45,000.00	$	-	$	1,125.00	$	-	
05/01/37	$	45,000.00	$	45,000.00	$	1,125.00	$	47,250.00	

$	600,000.00	$	348,750.00	$	968,875.00