Lake Ashton Community Development District
Budget Workshop Agenda June 5, 2020
-·-	-   ---=-  -	-

May 29, 2020
Lake Ashton
Community Development District
219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

The Budget Workshop of the Board of Supervisors of the Lake Ashton Community Development District will be held Friday, June 5, 2020 at 10:00 AM via Zoom Teleconference. Below is the information to join the meeting.

Zoom Video Link: https://zoom.us/j/96873948059

Zoom Call-In Information: 1-312-626-6799 Meeting ID: 968 7394 8059

Following is the advance agenda for the meeting:

Roll Call
Discussion on the Fiscal Year 2021 Proposed Budget
A. Proposed FY 2021 Capital Projects List
Adjournment

SECTION II

Proposed Budget
Fiscal Year 2021

Community Development District

Workshop-June 5, 2020

Lake Ashton
Community Development District

TABLE OF CONTENTS

General Fund
Budget	Page 1-2
Budget Narrative	Page 3-8

Capital Projects Fund
Budget	Page 9

Debt Service Funds
Series 2015 Budget	Page 10
Amortization Schedule A-1	Page 11
Amortization Schedule A-2	Page 12
Lake Ashton
Community Development District	General Fund

	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Proposed
Budget		
Description		FY 2020		3/31/20		6 Months		9/30/20		FY 2021	

Revenues											
Special Assessments - Levy	$1,719,338	$1,724,591	$844	$1,725,436	$1,682,719						
Rental Income	$50,000	$40,675	$3,500	$44,175	$40,000						
Entertainment Fees	$130,000	$156,251	$2,500	$158,751	$130,000						
Newsletter Ad Revenue	$70,000	$55,646	$19,430	$75,077	$70,000						
Interest Income	$1,000	$3,892	$3,000	$6,892	$1,000						
Miscellaneous Income	$5,000	$9,127	$0	$9,127	$5,000						
Restaurant Lease	$12,000	$5,580	$5,580	$11,160	$0						
HOA Contributions	$0	$8,000	$0	$8,000	$0						
Carryforward	$164,826	$443,950	$0	$443,950	$57,271						

 TOTAL REVENUES	 $2,152,163        $2,447,713 	$34,855         $2,482,567       $1,985,990 

Expenditures
Administrative						
Supervisor Fees	$3,000	$2,550	$1,500	$4,050	$4,000	
FICA Expense	$230	$195	$115	$310	$306	
Engineering	$20,000	$56,553	$1,000	$57,553	$20,000	
Arbitrage	$600	$0	$600	$600	$600	
Dissemination	$1,000	$850	$500	$1,350	$1,000	
Attorney	$25,000	$32,704	$32,704	$65,408	$50,000	
Attorney-Golf Course	$25,000	$27,392	$3,900	$31,292	$0	
Annual Audit	$4,223	$500	$3,800	$4,300	$4,500	
Trustee Fees	$4,310	$0	$4,310	$4,310	$4,310	
Management Fees	$60,236	$30,118	$30,118	$60,236	$60,236	
Computer Time	$1,000	$500	$500	$1,000	$1,000	
Postage	$3,200	$1,674	$1,674	$3,349	$3,200	
Printing & Binding	$2,000	$456	$456	$913	$1,000	
Newsletter Printing	$35,000	$25,662	$25,662	$51,324	$35,000	
Rentals & Leases	$6,500	$2,526	$2,526	$5,052	$5,500	
Insurance	$40,411	$38,956	$0	$38,956	$40,411	
Legal Advertising	$1,200	$744	$744	$1,488	$1,500	
Other Current Charges	$1,250	$406	$406	$813	$1,250	
Contingency-Golf Course	$15,000	$136,150	$0	$136,150	$0	
Property Taxes	$13,500	$13,325	$0	$13,325	$13,500	
Office Supplies	$125	$21	$21	$42	$125	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	

 TOTAL ADMINISTRATIVE	 	$262,960 	$371,459 	$110,537 	$481,995 	$247,613 
Lake Ashton
Community Development District	General Fund

	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Proposed
Budget		
Description		FY 2020		3/31/20		6 Months		9/30/20		FY 2021	

Maintenance											
Field Management Services		$341,960		$161,602		$180,359		$341,960		$352,219	
Gate/Patrol/Pool Officers		$195,565		$109,574		$113,124		$222,698		$225,000	
Pest Control		$1,800		$10,432		$1,170		$11,602		$2,340	
Security/Fire Alarm/Gate Repairs		$7,500		$6,545		$6,545		$13,091		$7,500	
Telephone/Internet		$13,600		$6,356		$6,315		$12,670		$13,600	
Electric		$216,000		$99,053		$97,909		$196,963		$216,000	
Water		$15,000		$12,594		$10,979		$23,573		$25,000	
Gas		$22,000		$11,529		$4,215		$15,744		$18,000	
Refuse		$10,500		$5,527		$5,377		$10,904		$11,000	
Clubhouse Maintenance		$110,000		$72,912		$50,610		$123,522		$110,000	
Cart Path & Bridge Repairs		$0		$0		$0		$0		$15,000	
Stormwater Preventive Maintenance		$15,000		$0		$0		$0		$0	
Golf Cart Preventative Maintenance		$1,140		$570		$1,140		$1,710		$1,140	
Pool and Fountain Maintenance		$20,000		$14,360		$8,790		$23,150		$20,000	
Landscape Maintenance		$164,007		$79,566		$92,470		$172,036		$184,940	
Plant Replacement		$7,000		$306		$6,694		$7,000		$7,000	
Irrigation Repairs		$3,500		$1,373		$1,500		$2,873		$3,500	
Lake Maintenance		$18,540		$18,175		$23,370		$41,545		$46,740	
Wetland/Mitigation Maintenance		$34,800		$10,100		$24,700		$34,800		$34,800	
Permits/Inspections		$1,500		$0		$1,500		$1,500		$1,500	
Office Supplies/Printing/Binding		$7,000		$2,466		$2,466		$4,932		$6,000	
Operating Supplies		$23,000		$10,096		$10,096		$20,193		$23,000	
Credit Card Processing Fees		$4,000		$2,912		$1,072		$3,984		$4,000	
Dues & Subscriptions		$8,500		$3,137		$8,222		$11,360		$8,500	
Decorations		$2,000		$200		$0		$200		$2,000	
Special Events		$130,000		$115,750		$14,250		$130,000		$130,000	
TOTAL MAINTENANCE		$1,373,912		$755,135		$672,875		$1,428,010		$1,468,779	
											
 TOTAL  EXPENDITURES			     $1,636,872 		     $1,126,594 		 	$783,411 		     $1,910,005 		     $1,716,393 	
Other Sources and Uses
Capital Reserve-Transfer Out		
($515,291)		
$0		
($515,291)		
($515,291)		
($269,597)	
 TOTAL OTHER SOURCES AND USES			 	($515,291)		 	$0 		 	($515,291)		 	($515,291)		 	($269,597)	
 EXCESS REVENUES			$0		$1,321,119		($1,263,848)		$57,271		$0	

	FY 2017	FY 2018	FY 2019	FY 2020	FY 2021	
Net Assessment	$1,572,076	$1,572,076	$1,572,076	$1,719,338	$1,682,719	
Plus Collection Fees (7%)	$118,328	$118,328	$118,328	$129,413	$126,656	
Gross Assessment	$1,690,404	$1,690,404	$1,690,404	$1,848,750	$1,809,375	
No. of Units	986	986	986	986	965	
Gross Per Unit Assessment	$1,714.41	$1,714.41	$1,714.41	$1,875.00	$1,875.00	
LAKE ASHTON COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2021
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.
LAKE ASHTON COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2021

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.
LAKE ASHTON COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2021
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 $352,219. This amount represents a 3% proposed increase.

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

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
LAKE ASHTON COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2021
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	$20,500.00	
22109	GATE ENTRANCE-IRR	$1,500.00	
37767	PALMS IRRIGATION	$1,500.00	
20740	4128 LAKE ASHTON BLVD.	$1,500.00	
TOTAL		$25,000.00	

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 $916.

Maintenance
LAKE ASHTON COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2021

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	$3,895	$46,740	

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	
LAKE ASHTON COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2021

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	Capital Projects Funds
Community Development District

	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Proposed
Budget		
 Description			 	FY 2020			 	3/31/20			 	6 Months			 	9/30/20			 	FY 2021		
Revenues											
Capital Reserve-Transfer In		$515,291		$0		$515,291		$515,291		$269,597	
Interest Income		$100		$2,347		$2,347		$4,693		$100	
Carryforward Surplus		$173,239		$285,842		$0		$285,842		$781,181	
     TOTAL  REVENUES			 	$688,630 		 	$288,189 		 	$517,638 		 	$805,827 		 	$1,050,878 	
Expenditures											

Capital Projects-FY 20											
Capital Reserves-FY 20		$4,700		$868		$0		$868		$0	
Restaurant Equipment Allowance		$15,000		$12,057		$0		$12,057		$0	
Stormwater Management		$0		$2,500		$0		$2,500		$0	
Pet Park		$0		$8,950		$0		$8,950		$0	
Other Current Charges	$500	$270	$0	$270	$0							
Capital Projects-FY 21
Golf Course Reserves	$0	
$0	
$0	
$0	
$25,000							
Capital Reserves-FY 21	$0	$0	$0	$0	$4,700							
Restaurant Equipment Allowance	$0	$0	$0	$0	$15,000						
Stormwater Management	$0	$0	$0	$0	$0						
Pet Park	$0	$0	$0	$0	$0						
Golf Course Transfer to LA2	$0	$0	$0	$0	$115,000						
Other Current Charges	$0	$0	$0	$0	$500						
     
    TOTAL EXPENDITURES		 		$20,200	 		$24,645	 		$0	 		$24,645	 	$160,200 EXCESS REVENUES			$668,430		$263,544		$517,638		$781,181		$890,678

RESERVES	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	
Beginning Balance	$285,842	$781,181	$890,678	$1,198,478	$1,506,278	
Reserves	$519,984	$269,697	$328,000	$328,000	$328,000	
Expenditures	 	($24,645) 	 	($160,200) 	 	($20,200) 	 	($20,200) 	 	($20,200) 	
Ending Balance	 	$781,181 	$890,678	$1,198,478	$1,506,278	$1,814,078	

RESERVE STUDY	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	
Beginning Balance	$287,028	$594,828	$902,628	$1,210,428	$1,518,228	
Reserves	$328,000	$328,000	$328,000	$328,000	$328,000	
Expenditures	 	($20,200) 0	 	($20,200) 	 	($20,200) 0	 	($20,200) 	 	($20,200) 	
Ending Balance	 	$594,828 	$902,628	$1,210,428	$1,518,228	$1,826,028	

Page 9
Lake Ashton	Debt Service Fund
Community Development District	Series 2015 Special Assessment Refunding Bonds

	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Proposed
Budget		
 Description			 	FY 2020			 	3/31/20			 	6 Months			 	9/30/20			 	FY 2021		
Revenues											
Special Assessments - Levy		$470,241		$462,439		$667		$463,106		$441,971	
Special Assessments - PPMT A-1		$0		$65,243		$15,000		$80,243		$0	
Interest Income		$500		$205		$205		$410		$500	
Carry Forward Surplus (1)		$137,638		$220,815		$0		$220,815		$133,074	
     TOTAL REVENUES			 	$608,379 		 	$748,702 		 	$15,872 		 	$764,574 		 	$575,545 	
Expenditures											
Series 2015A-1											
Interest - 11/01		$98,125		$98,125		$0		$98,125		$88,875	
Interest - 05/01		$98,125		$0		$96,375		$96,375		$88,875	
Principal - 05/01		$220,000		$0		$215,000		$215,000		$220,000	
Special Call - 11/01		$10,000		$70,000		$0		$70,000		$15,000	
Special Call - 05/01		$0		$0		$85,000		$85,000		$0	

Series 2015A-2											
Interest - 11/01		$13,750		$13,750		$0		$13,750		$12,750	
Interest - 05/01		$13,750		$0		$13,250		$13,250		$12,750	
Principal - 05/01		$20,000		$0		$20,000		$20,000		$20,000	
Special Call - 11/01		$0		$20,000		$0		$20,000		$0	
     TOTAL  EXPENDITURES			 	$473,750 		 	$201,875 		 	$429,625 		 	$631,500 		 	$458,250 	
     EXCESS REVENUES			 	$134,629 		 	$546,827 		 	($413,753)		 	$133,074 		 	$116,795 	

(1) Carryforward suplus is net of the Reserve Requirement.											
	2015A-1	$83,375									
	2015A-2	 	$12,250 									
	11/21 Interest	 	$95,625 									

No. of Units	Per Unit	2015A-1	2015A-2	
317	$0.00	$0.00	$0.00	
139	$539.74	$75,023.86	$0.00	
16	$684.62	$10,953.92	$0.00	
285	$765.82	$218,258.70	$0.00	
23	$1,092.43	$0.00	$25,125.89	
61	$1,028.98	$36,219.36	$26,548.42	
85	$977.74	$83,107.90	$0.00	
GC (21)	$0.00	$0.00	$0.00	
926	$423,563.74	$51,674.31	
Discounts/Collection Fees (7%)	($29,649.46)	($3,617.20)	
Net Assessment Total	$393,914.28	$48,057.11	
Lake Ashton
Community Development District
Series 2015A-1 Capital Improvement Revenue Refunding Bonds

AMORTIZATION SCHEDULE

05/01/20	$3,855,000.00	$   300,000.00	$	96,375.00	$	-	
11/01/20	$3,555,000.00	$	-	$	88,875.00	$	485,250.00	
05/01/21	$3,555,000.00	$   220,000.00	$	88,875.00	$	-	
11/01/21	$3,335,000.00	$	-	$	83,375.00	$	392,250.00	
05/01/22	$3,335,000.00	$   235,000.00	$	83,375.00	$	-	
11/01/22	$3,100,000.00	$	-	$	77,500.00	$	395,875.00	
05/01/23	$3,100,000.00	$   245,000.00	$	77,500.00	$	-	
11/01/23	$2,855,000.00	$	-	$	71,375.00	$	393,875.00	
05/01/24	$2,855,000.00	$   255,000.00	$	71,375.00	$	-	
11/01/24	$2,600,000.00	$	-	$	65,000.00	$	391,375.00	
05/01/25	$2,600,000.00	$   270,000.00	$	65,000.00	$	-	
11/01/25	$2,330,000.00	$	-	$	58,250.00	$	393,250.00	
05/01/26	$2,330,000.00	$   285,000.00	$	58,250.00	$	-	
11/01/26	$2,045,000.00	$	-	$	51,125.00	$	394,375.00	
05/01/27	$2,045,000.00	$   300,000.00	$	51,125.00	$	-	
11/01/27	$1,745,000.00	$	-	$	43,625.00	$	394,750.00	
05/01/28	$1,745,000.00	$   315,000.00	$	43,625.00	$	-	
11/01/28	$1,430,000.00	$	-	$	35,750.00	$	394,375.00	
05/01/29	$1,430,000.00	$   330,000.00	$	35,750.00	$	-	
11/01/29	$1,100,000.00	$	-	$	27,500.00	$	393,250.00	
05/01/30	$1,100,000.00	$   350,000.00	$	27,500.00	$	-	
11/01/30	$ 750,000.00	$	-	$	18,750.00	$	396,250.00	
05/01/31	$ 750,000.00	$   365,000.00	$	18,750.00	$	-	
11/01/31	$ 385,000.00	$	-	$	9,625.00	$	393,375.00	
05/01/32	$ 385,000.00	$   385,000.00	$	9,625.00	$ 394,625.00	

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

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	

05/01/20	
$ 530,000.00	
$	20,000.00	$	13,250.00	
$	-	
11/01/20	$ 510,000.00	$	-	$	12,750.00	$	46,000.00	
05/01/21	$ 510,000.00	$	20,000.00	$	12,750.00	$	-	
11/01/21	$ 490,000.00	$	-	$	12,250.00	$	45,000.00	
05/01/22	$ 490,000.00	$	20,000.00	$	12,250.00	$	-	
11/01/22	$ 470,000.00	$	-	$	11,750.00	$	44,000.00	
05/01/23	$ 470,000.00	$	20,000.00	$	11,750.00	$	-	
11/01/23	$ 450,000.00	$	-	$	11,250.00	$	43,000.00	
05/01/24	$ 450,000.00	$	20,000.00	$	11,250.00	$	-	
11/01/24	$ 430,000.00	$	-	$	10,750.00	$	42,000.00	
05/01/25	$ 430,000.00	$	25,000.00	$	10,750.00	$	-	
11/01/25	$ 405,000.00	$	-	$	10,125.00	$	45,875.00	
05/01/26	$ 405,000.00	$	25,000.00	$	10,125.00	$	-	
11/01/26	$ 380,000.00	$	-	$	9,500.00	$	44,625.00	
05/01/27	$ 380,000.00	$	25,000.00	$	9,500.00	$	-	
11/01/27	$ 355,000.00	$	-	$	8,875.00	$	43,375.00	
05/01/28	$ 355,000.00	$	30,000.00	$	8,875.00	$	-	
11/01/28	$ 325,000.00	$	-	$	8,125.00	$	47,000.00	
05/01/29	$ 325,000.00	$	30,000.00	$	8,125.00	$	-	
11/01/29	$ 295,000.00	$	-	$	7,375.00	$	45,500.00	
05/01/30	$ 295,000.00	$	30,000.00	$	7,375.00	$	-	
11/01/30	$ 265,000.00	$	-	$	6,625.00	$	44,000.00	
05/01/31	$ 265,000.00	$	30,000.00	$	6,625.00	$	-	
11/01/31	$ 235,000.00	$	-	$	5,875.00	$	42,500.00	
05/01/32	$ 235,000.00	$	35,000.00	$	5,875.00	$	-	
11/01/32	$ 200,000.00	$	-	$	5,000.00	$	45,875.00	
05/01/33	$ 200,000.00	$	35,000.00	$	5,000.00	$	-	
11/01/33	$ 165,000.00	$	-	$	4,125.00	$	44,125.00	
05/01/34	$ 165,000.00	$	40,000.00	$	4,125.00	$	-	
11/01/34	$ 125,000.00	$	-	$	3,125.00	$	47,250.00	
05/01/35	$ 125,000.00	$	40,000.00	$	3,125.00	$	-	
11/01/35	$	85,000.00	$	-	$	2,125.00	$	45,250.00	
05/01/36	$	85,000.00	$	40,000.00	$	2,125.00	$	-	
11/01/36	$	45,000.00	$	-	$	1,125.00	$	43,250.00	
05/01/37	$	45,000.00	$	45,000.00	$	1,125.00	$	46,125.00	
		$  530,000.00	$ 274,750.00	$	804,750.00	

SECTION A