Amended Budget
Fiscal Year 2019

Community Development District

November 18, 2019

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

General Fund

Adopted
Budget FY 2018

Actual
Thru 6/30/2018

Projected
Next
3 Months

Total
Projected 9/30/2018

Amended
Budget FY 2019

Description

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
$155,770
$87,036
$1,000
$5,000
$0
$61,190
$0

 TOTAL REVENUES	

 	$1,825,080 

 	$2,105,258 

 	$19,572 

 	$2,124,829 

 	$1,932,075 

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
Contingency-Golf Course 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
$0
$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
$0
$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
$0
$12
$0

$3,150
$241
$16,671
$600
$1,450
$28,003
$4,123
$4,310
$58,482
$1,000
$100
$3,159
$1,369
$35,287
$4,950
$36,737
$520
$3,473
$0
$12,408
$75
$175

$3,000
$230
$29,413
$600
$1,000
$47,801
$4,223
$4,310
$58,482
$1,000
$0
$3,500
$1,350
$39,308
$5,000
$40,411
$500
$1,250
$51,527
$12,500
$100
$175

 TOTAL ADMINISTRATIVE	

 	$202,748 

 	$178,336 

 	$37,945 

 	$216,282 

 	$305,680 

Page 1

Lake Ashton
Community Development District

General Fund

Adopted
Budget FY 2018

Actual
Thru 6/30/2018

Projected
Next
3 Months

Total
Projected 9/30/2018

Amended
Budget FY 2019

Description

Maintenance
Field Management Services Gate & Patrol Officers
Pool Officer Pest Control
Security/Fire Alarm/Gate Repairs Telephone/Internet
Electric Water Gas Refuse
Clubhouse Maintenance
Pool and Fountain Maintenance Landscape Maintenance
Plant Replacement Irrigation Repairs Lake Maintenance
Wetland/Mitigation Maintenance Permits/Inspections
Office Supplies/Printing/Binding Operating Supplies
Credit Card Processing Fees Dues & Subscriptions Decorations
Special Events Storm Damage
Traffic Accident Repairs

$322,330
$209,457
$12,495
$1,750
$5,000
$13,600
$216,000
$12,000
$15,000
$10,500
$105,000
$20,000
$176,007
$7,000
$7,500
$18,540
$34,800
$2,160
$4,000
$25,000
$3,500
$8,500
$2,000
$130,000
$0
$0

$229,412
$159,257
$5,021
$1,685
$5,300
$8,785
$155,643
$8,785
$21,877
$5,946
$85,578
$15,603
$131,578
$4,234
$1,398
$13,905
$27,500
$1,372
$4,807
$27,501
$3,162
$3,102
$628
$138,481
$303,316
$4,716

$56,405
$53,966
$7,474
$360
$1,673
$3,180
$41,242
$2,214
$0
$2,167
$25,931
$4,695
$44,002
$2,766
$2,500
$4,635
$7,300
$622
$1,602
$9,167
$330
$1,034
$0
$6,500
$0
$0

$285,817
$213,224
$12,495
$2,045
$6,974
$11,965
$196,885
$10,999
$21,877
$8,113
$111,509
$20,298
$175,580
$7,000
$3,898
$18,540
$34,800
$1,994
$6,409
$36,667
$3,492
$4,136
$628
$144,981
$303,316
$4,716

$332,000
$209,457
$12,495
$1,800
$9,914
$13,600
$216,000
$18,018
$21,755
$10,000
$110,000
$23,577
$177,961
$7,000
$3,500
$18,540
$34,800
$1,500
$5,000
$25,000
$3,500
$8,500
$2,000
$134,829
$0
$0

TOTAL MAINTENANCE

$1,362,139

$1,368,590

$279,764

$1,648,354

$1,400,746

 TOTAL EXPENDITURES	

 	$1,564,886 

 	$1,546,926 

 	$317,710 

 	$1,864,636 

 	$1,706,425 

Other Sources and Uses
Capital Reserve-Transfer Out

($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

Page 2

FY 2015	FY 2016	FY 2017	FY 2018
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

FY 2019
$1,572,079
$118,329
$1,690,408
986
$1,714.41

LAKE ASHTON
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2019

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.

Page 3

LAKE ASHTON
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2019

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.

Page 4

LAKE ASHTON
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2019

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
Gate House Patrol
Peak Season Contingency

Annual Amount
$119,268
$59,634
$12,495
$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.

Page 5

LAKE ASHTON
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2019

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
211003673699
211003674275
211003674721
211003674952
211003675454
211003675231
211003673350
211003674523
211003673988
221000397002
211003675660
211003675918

Description
3555 LAKE ASHTON BL LTS
LAKE ASHTON-OUTDOOR LIGHTING 1101 ASHTON PALMS DRIVE
ASHTON PALMS DR A/L - OUTDOOR LIGHTING ASHTON PALMS DRIVE- OUTDOOR LIGHTING LAKE ASHTON PHIIIB - OUTDOOR LIGHTING 3555 LAKE ASHTON BL GRD HSE
DUNMORE DRIVE AL
4141 ASHTON CLUB DRIVE LAKE ASHTON PH5 LTS LAKE ASHTON PH6
THE PALMS/MACARTHUR PALMS

Annual Amount
$500.00
$46,000.00
$400.00
$500.00
$7,800.00
$22,500.00
$3,500.00
$43,000.00
$60,500.00
$12,150.00
$14,750.00
$4,400.00

TOTAL

$216,000.00

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

Account Number
20735
22109
37767
20740

Description
4141 ASHTON CLUB DRIVE GATE ENTRANCE-IRR PALMS IRRIGATION
4128 LAKE ASHTON BLVD.

Annual Amount
$8,500.00
$1,000.00
$1,000.00
$1,500.00

TOTAL

$12,000.00

Page 6

LAKE ASHTON
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2019

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
Applied Aquatics

Monthly
$1,545.00

Annually
$18,540

Page 7

LAKE ASHTON
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2019
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
Applied Aquatics

Quarterly
$7,300.00

Annually
$29,200.00

Area
Mitigation Areas: 1B, 7A Wetlands Areas: 2, 3, 4, 5, 6,

8,

Utility

Easement

Wetland, and
East Conservation Area
Area
Conservation Area from Clubhouse West to boat ramp

Semi-Annually
$2,800.00

Annually
$5,600.00

Applied Aquatics

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.

Page 8

Lake Ashton
Community Development District

Capital Projects Funds

Adopted Budget
 	FY 2018	

Actual Thru
       6/30/2018 

Projected Next
        3 Months	

Total Projected
       9/30/2018 

Amended Budget
 	FY 2019	

 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

$260,194
$5,585
$280,425

$225,650
$100
$317,610

 	$536,170 

 	$545,004 

 	$1,200 

 	$546,204 

 	$543,360 

        TOTAL REVENUES	

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

$0
$20,000
$0
$8,000
$6,000
$5,000
$10,000
$5,000
$0
$10,000
$15,000
$31,000
$9,000
$0
$15,000
$7,000
$230,000
$0
$500

       TOTAL EXPENDITURES	

 	$536,170 

 	$122,003 

 	$106,591 

 	$228,594 

 	$371,500 

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 

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 

RESERVE STUDY
Beginning Balance
Reserves Expenditures Ending Balance

Page 9

Lake Ashton
Community Development District

Debt Service Fund
Series 2015 Special Assessment Refunding Bonds

Adopted
Budget
 	FY 2018	

Actual
Thru
 	6/30/2018	

Projected
Next
 	3 Months	

Total
Projected
 	9/30/2018	

Amended
Budget
 	FY 2019	

 Description	

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

$477,921
$0
$0
$165,434

$477,363
$7,097
$398
$208,360

$585
$0
$180
$0

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

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

$643,355

$693,218

$765

$693,984

$614,593

TOTAL REVENUES

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

$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

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

$0
$0
$0
$0

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

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

$503,500

$552,000

$0

$552,000

$473,500

TOTAL EXPENDITURES

$139,855

$141,218

$765

$141,984

$141,093

EXCESS REVENUES

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

2015A-1
2015A-2
11/19 Interest

$
$

99,500
14,000

$

113,500

Page 10

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
Discounts/Collection Fees (7%)
Net Assessment Total

$454,109.48	$54,072.40
($31,787.66)	($3,785.07)

$422,321.82   #	$50,287.33

Lake Ashton
Community Development District
Series 2015A-1 Capital Improvement Revenue Refunding Bonds

AMORTIZATION SCHEDULE

05/01/18
11/01/18
05/01/19
11/01/19
05/01/20
11/01/20
05/01/21
11/01/21
05/01/22
11/01/22
05/01/23
11/01/23
05/01/24
11/01/24
05/01/25
11/01/25
05/01/26
11/01/26
05/01/27
11/01/27
05/01/28
11/01/28
05/01/29
11/01/29
05/01/30
11/01/30
05/01/31
11/01/31
05/01/32

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

4,410,000.00
4,190,000.00
4,190,000.00
3,980,000.00
3,980,000.00
3,755,000.00
3,755,000.00
3,520,000.00
3,520,000.00
3,275,000.00
3,275,000.00
3,015,000.00
3,015,000.00
2,745,000.00
2,745,000.00
2,460,000.00
2,460,000.00
2,160,000.00
2,160,000.00
1,845,000.00
1,845,000.00
1,510,000.00
1,510,000.00
1,160,000.00
1,160,000.00
790,000.00
790,000.00
405,000.00
405,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

220,000.00
- 210,000.00
- 225,000.00
- 235,000.00
- 245,000.00
- 260,000.00
- 270,000.00
- 285,000.00
- 300,000.00
- 315,000.00
- 335,000.00
- 350,000.00
- 370,000.00
- 385,000.00
- 405,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

110,250.00
104,750.00
104,750.00
99,500.00
99,500.00
93,875.00
93,875.00
88,000.00
88,000.00
81,875.00
81,875.00
75,375.00
75,375.00
68,625.00
68,625.00
61,500.00
61,500.00
54,000.00
54,000.00
46,125.00
46,125.00
37,750.00
37,750.00
29,000.00
29,000.00
19,750.00
19,750.00
10,125.00
10,125.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

496,875.00
- 419,500.00
- 424,000.00
- 422,750.00
- 421,000.00
- 423,750.00
- 420,750.00
- 422,250.00
- 423,000.00
- 423,000.00
- 427,250.00
- 425,500.00
- 428,000.00
- 424,500.00
- 425,250.00

Page 11

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

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

Lake Ashton
Community Development District
Series 2015A-2 Capital Improvement Revenue Refunding Bonds

AMORTIZATION SCHEDULE

05/01/18
11/01/18
05/01/19
11/01/19
05/01/20
11/01/20
05/01/21
11/01/21
05/01/22
11/01/22
05/01/23
11/01/23
05/01/24
11/01/24
05/01/25
11/01/25
05/01/26
11/01/26
05/01/27
11/01/27
05/01/28
11/01/28
05/01/29
11/01/29
05/01/30
11/01/30
05/01/31
11/01/31
05/01/32
11/01/32
05/01/33
11/01/33
05/01/34
11/01/34
05/01/35
11/01/35
05/01/36
11/01/36
05/01/37

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

600,000.00
580,000.00
580,000.00
560,000.00
560,000.00
540,000.00
540,000.00
520,000.00
520,000.00
500,000.00
500,000.00
480,000.00
480,000.00
455,000.00
455,000.00
430,000.00
430,000.00
405,000.00
405,000.00
375,000.00
375,000.00
345,000.00
345,000.00
315,000.00
315,000.00
280,000.00
280,000.00
245,000.00
245,000.00
210,000.00
210,000.00
170,000.00
170,000.00
130,000.00
130,000.00
90,000.00
90,000.00
45,000.00
45,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

20,000.00
- 20,000.00
- 20,000.00
- 20,000.00
- 20,000.00
- 20,000.00
- 25,000.00
- 25,000.00
- 25,000.00
- 30,000.00
- 30,000.00
- 30,000.00
- 35,000.00
- 35,000.00
- 35,000.00
- 40,000.00
- 40,000.00
- 40,000.00
- 45,000.00
- 45,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

15,000.00
14,500.00
14,500.00
14,000.00
14,000.00
13,500.00
13,500.00
13,000.00
13,000.00
12,500.00
12,500.00
12,000.00
12,000.00
11,375.00
11,375.00
10,750.00
10,750.00
10,125.00
10,125.00
9,375.00
9,375.00
8,625.00
8,625.00
7,875.00
7,875.00
7,000.00
7,000.00
6,125.00
6,125.00
5,250.00
5,250.00
4,250.00
4,250.00
3,250.00
3,250.00
2,250.00
2,250.00
1,125.00
1,125.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

55,125.00
- 49,000.00
- 48,000.00
- 47,000.00
- 46,000.00
- 45,000.00
- 49,000.00
- 47,750.00
- 46,500.00
- 50,250.00
- 48,750.00
- 47,250.00
- 50,750.00
- 49,000.00
- 47,250.00
- 50,500.00
- 48,500.00
- 46,500.00
- 49,500.00
- 47,250.00

Page 12

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

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL