Adopted Budget
Fiscal Year 2022

Community  Development District

August 16, 2021

Lake Ashton
Community Development District

TABLE OF CONTENTS

General Fund
Budget	Page 1-2
Budget Narrative	Page 3-9

Capital Projects Fund
Budget	Page 10

Debt Service Funds
Series 2015 Budget	Page 11
Amortization Schedule A-1	Page 12
Amortization Schedule A-2	Page 13

	Adopted
Budget		Actual
Thru		Projected
Next	Total
Projected		Adopted
Budget	
Description			FY 2021		6/30/21		3 Months	9/30/21		FY 2022	

Revenues
Special Assessments - Levy	
001.300.36300.10100		
$1,703,644		
$1,721,787		
($18,319) (1)	
$1,703,468		
$1,789,053	
Rental Income	001.300.36200.10100		$40,000		$27,095		$9,032	$36,127		$40,000	
Entertainment Fees	001.300.36200.10000		$130,000		$37,465		$12,488	$49,953		$130,000	
Newsletter Ad Revenue	001.300.36200.10200		$70,000		$85,017		$28,339	$113,356		$80,000	
Interest Income	001.300.36100.10000		$1,000		$567		$189	$756		$1,000	
Restaurant Retail Sales	001.300.34900.10000		$0		$500,548		$270,312	$770,860		$865,535	
Restaurant Catering Sales	001.300.34900.10001		$0		$0		$0	$0		$118,400	
Contributions	001.300.36600.10000		$0		$36,748		$0	$36,748		$0	
Miscellaneous Income	001.300.36900.10000		$5,000		$12,020		$1,500	$13,520		$5,000	
Carryforward	001.300.27100.10000		$57,271		$171,723		$0	$171,723		$118,295	

 TOTAL REVENUES	 $2,006,915       $2,592,971 	$303,541        $2,896,512       $3,147,283 

Expenditures
Administrative		
Supervisor Fees	001.310.51300.11000	$4,000	$2,025	$675	$2,700	$4,000	
FICA Expense	001.310.51300.21000	$306	$155	$52	$207	$306	
Engineering	001.310.51300.31100	$40,000	$61,300	$20,433	$81,733	$60,000	
Arbitrage	001.310.51300.31200	$600	$600	$0	$600	$600	
Dissemination	001.310.51300.31300	$1,000	$1,250	$250	$1,500	$1,000	
Attorney	001.310.51300.31500	$50,000	$30,685	$10,228	$40,914	$30,000	
Annual Audit	001.310.51300.32200	$4,500	$3,750	$0	$3,750	$3,750	
Trustee Fees	001.310.51300.32300	$4,310	$4,310	$0	$4,310	$4,310	
Management Fees	001.310.51300.34000	$60,236	$45,177	$15,059	$60,236	$60,236	
Accounting System Software	001.310.51300.35100	$1,000	$765	$255	$1,020	$1,000	
Postage	001.310.51300.42000	$3,200	$1,143	$381	$1,524	$2,500	
Printing & Binding	001.310.51300.42500	$1,000	$77	$26	$103	$1,000	
Newsletter Printing	001.310.51300.42501	$35,000	$32,131	$10,710	$42,841	$35,000	
Rentals & Leases	001.310.51300.42502	$5,500	$4,673	$1,558	$6,231	$5,500	
Insurance	001.310.51300.45000	$40,411	$48,639	$0	$48,639	$48,639	
Legal Advertising	001.310.51300.48000	$1,500	$1,543	$514	$2,057	$1,500	
Other Current Charges	001.310.51300.49000	$1,250	$897	$299	$1,196	$1,250	
Property Taxes	001.310.51300.31400	$13,500	$13,325	$0	$13,325	$13,500	
Office Supplies	001.310.51300.51000	$125	$21	$7	$28	$125	
Dues, Licenses & Subscriptions	001.310.51300.54000	$175	$175	$0	$175	$175	

 TOTAL ADMINISTRATIVE	 	$267,613 	$252,641 	$60,447 	$313,088 	$274,391 

Maintenance		
Field Management Services	001.320.57200.34000	$352,219	$260,195	$92,024	$352,219	$362,786	
Gate/Patrol/Pool Officers	001.320.57200.34501	$225,000	$166,423	$55,474	$221,897	$260,614	
Pest Control	001.320.57200.54501	$2,340	$2,240	$747	$2,987	$4,690	
Security/Fire Alarm/Gate Repairs	001.320.57200.34500	$7,500	$1,285	$428	$1,713	$7,500	

	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Adopted
Budget	
Description		FY 2021		6/30/21		3 Months		9/30/21		FY 2022	

Maintenance-continued												
Telephone/Internet	001.320.57200.41000		$13,600		$9,908		$3,303		$13,211		$13,600	
Electric	001.320.57200.43000		$216,000		$146,096		$48,699		$194,794		$216,000	
Water	001.320.57200.43100		$25,000		$9,849		$3,283		$13,132		$20,000	
Gas-Pool	001.320.57200.43200		$18,000		$20,548		$2,705		$23,253		$20,500	
Gas-Restaurant	001.320.57200.43201		$0		$8,042		$3,750		$11,792		$15,000	
Refuse	001.320.57200.43300		$11,000		$10,909		$3,636		$14,545		$14,000	
Repairs and Maintenance-Clubhouse	001.320.57200.54500		$110,000		$59,703		$19,901		$79,604		$57,600	
Repairs and Maintenance-Fitness Center	001.320.57200.54510		$0		$0		$0		$0		$3,000	
Repairs and Maintenance-Restaurant	001.320.57200.54520		$0		$0		$0		$0		$17,400	
Repairs and Maintenance-Bowling Lanes	001.320.57200.54530		$0		$0		$0		$0		$17,000	
Furniture, Fixtures, Equipment	001.320.57200.52010		$0		$0		$0		$0		$15,000	
Repairs and Maintenance-Cart Path & Brid	001.320.57200.54540		$7,000		$11,961		$0		$11,961		$7,000	
Repairs and Maintenance-Pool	001.320.57200.45300		$20,000		$19,129		$3,750		$22,879		$20,000	
Golf Cart Repairs and Maintenance	001.320.57200.54506		$1,140		$1,710		$570		$2,280		$5,400	
Landscape Maintenance	001.320.57200.46200		$184,940		$141,401		$46,325		$187,726		$194,514	
Plant Replacement	001.320.57200.46201		$7,000		$6,230		$0		$6,230		$7,000	
Irrigation Repairs	001.320.57200.46202		$3,500		$7,006		$0		$7,006		$3,500	
Lake Maintenance	001.320.53800.46800		$46,740		$38,025		$11,685		$49,710		$46,740	
Wetland/Mitigation Maintenance	001.320.53800.46801		$34,800		$14,600		$14,600		$29,200		$34,800	
Permits/Inspections	001.320.57200.54100		$1,500		$1,611		$0		$1,611		$1,500	
Office Supplies/Printing/Binding	001.320.57200.51000		$6,000		$1,889		$82		$1,971		$6,000	
Operating Supplies	001.320.57200.52000		$23,000		$18,114		$4,500		$22,614		$23,000	
Credit Card Processing Fees	001.320.57200.34600		$4,000		$1,650		$516		$2,166		$4,000	
Dues & Subscriptions	001.320.57200.54000		$8,500		$7,938		$2,646		$10,585		$9,000	
Decorations	001.320.57200.52005		$2,000		$859		$0		$859		$2,000	
Special Events	001.320.57200.49400		$130,000		$34,350		$7,378		$41,728		$130,000	
Restaurant Operations	001.330.57200.52000		$0		$694,460		$309,292		$1,003,752		$1,094,291	
Water Damage Repairs	001.320.57200.54507		$0		$51,325		$0		$51,325		$0	
TOTAL MAINTENANCE			$1,460,779		$1,747,456		$635,294		$2,382,750		$2,633,435	
												
 TOTAL EXPENDITURES	 $1,728,393       $2,000,097 	$695,741 $2,695,838 $2,907,826 	
Other Sources and Uses
Capital Reserve-Transfer Out (From General Fund to Capital Reserve)	
($278,522)	
($278,522)	
$0	
($278,522)	
($349,813)	
Capital Reserve-Transfer In (Restaurant) (From Capital Reserve to General)	$0	$156,245	$39,899	$196,144	$110,356	

 TOTAL OTHER SOURCES AND USES	 	($278,522) 	($122,277) 	$39,899 	($82,378) 	($239,457) 

 EXCESS REVENUES		$0	$470,596	($352,301)	$118,295	$0

	FY 2018	FY 2019	FY 2020	FY 2021	FY 2022	
Net Assessment	$1,572,076	$1,572,076	$1,719,338	$1,703,644	$1,789,053	
Plus Collection Fees (7%)	$118,328	$118,328	$129,413	$128,231	$134,660	
Gross Assessment	$1,690,404	$1,690,404	$1,848,750	$1,831,875	$1,923,713	
No. of Units	986	986	986	977	977	
Gross Per Unit Assessment	$1,714.41	$1,714.41	$1,875.00	$1,875.00	$1,969.00	

REVENUES:

Special Assessments 001.300.36300.10100
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 001.300.36200.10100
Rental fees charged for rental of facilities for events.

Entertainment Fees 001.300.36200.10000
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 001.300.36200.10200
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 001.300.36100.10000
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 001.300.36900.10000
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 Retail Sales 001.300.34900.10000
Food sales at the restaurant.

Restaurant Catering Sales 001.300.34900.10001
Catering sales at the restaurant.

Carryforward Surplus 001.300.27100.10000
The unexpended balance at the end of the prior fiscal year that has been rolled forward to the next fiscal year.

EXPENDITURES:

Supervisor Fees 001.310.51300.11000
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 001.310.51300.21000
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering Fees 001.310.51300.31100
The District's engineer will be providing general engineering services to the District including attendance and preparation for board meetings, etc.

Arbitrage 001.310.51300.31200
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 001.310.51300.31300
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 001.310.51300.31500
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 001.310.51300.32200
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Trustee Fees 001.310.51300.32300
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 001.310.51300.34000
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.

Accounting System Software 001.310.51300.35100
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 001.310.51300.42000
Mailing of checks, overnight deliveries, correspondence, etc.

Printing & Binding 001.310.51300.42500
Printing copies, printing of computerized checks, stationary, envelopes etc.

Newsletter Printing 001.310.51300.42501
Cost of preparing and printing monthly newsletter for CDD residents.

Rentals & Leases 001.310.51300.42502
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 001.310.51300.45000
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 001.310.51300.48000
The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges 001.310.51300.49000
Bank charges and any other miscellaneous expenses that are incurred during the year.

Property Taxes 001.310.51300.31400
Non-exempt Ad-valorem taxes on property owned within the District.

Office Supplies 001.310.51300.51000
Miscellaneous office supplies.

Dues, Licenses & Subscriptions 001.310.51300.54000
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 001.320.57200.34000
Governmental Management Services will provide on-site management services for the District. The amount budgeted is based on an estimated annual contract amount of $362,786. This amount represents a 3% proposed increase.

Gate/Patrol/Pool Officers 001.320.57200.34501

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 001.320.57200.54501
The District has obtained a contract with Florida Pest Control for bugs, mosquitoes and rodent control.

Security/Fire Alarm/Gate Repairs 001.320.57200.34500
Annual fire alarm and security alarm monitoring as well as gate repairs.

Telephone/Internet 001.320.572100.41000
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 001.320.57200.43000
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 001.320.57200.43100
The District receives water service from the City of Lake Wales.

Account Number	Description	Annual Amount	
20735	4141 ASHTON CLUB DRIVE	$15,500.00	
22109	GATE ENTRANCE-IRR	$1,500.00	
37767	PALMS IRRIGATION	$1,500.00	
20740	4128 LAKE ASHTON BLVD.	$1,500.00	
TOTAL		$20,000.00	

Gas-Pool 001.320.57200.43200
The District currently uses Amerigas Propane for gas to heat the pool.

Gas-Restaurant 001.320.57200.43201
The District currently uses Amerigas Propane for gas to service the restaurant.

Refuse Service 001.320.57200.43300
The District is currently contracted with Florida Refuse for garbage pickup and recycling services. The monthly amount is approximately $916.

Maintenance

Repairs and Maintenance-Clubhouse 001.320.57200.54500
Regular repairs and maintenance to the District’s Facilities.

Repairs and Maintenance-Fitness Center 001.320.57200.54510
Regular repairs and maintenance to the fitness equipment and center.

Repairs and Maintenance-Restaurant 001.320.57200.54520
Regular repairs and maintenance to the restaurant.

Repairs and Maintenance-Bowling Lanes001.320.57200.54530
Regular repairs and maintenance to the bowling lanes.

Furniture, Fixtures, Equipment 001 320.57200.52010
Replacement of furniture, fixtures, and equipment in the Clubhouse.

Repairs and Maintenance-Cart Path & Bridge 001.320.57200.54540
Regular repairs and maintenance to the golf cart paths and bridges.

Repairs and Maintenance-Pool 001.320.57200.45300
The District is currently contracted with Heartland Commercial Pool Services. The monthly amount to maintain the pool is $1,250. A contingency of $4,520 is included for special maintenance and repairs.

Golf Cart Repairs and Maintenance 001.320.57200.54506
The District has contracted with Performance Plus Carts for the preventive & regular maintenance to the golf carts.

Landscape Maintenance 001.320.57200.46200
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 001.320.57200.46201
Replacement of plants needed throughout the District.

Irrigation Repairs 001.320.57200.46202
Unscheduled repairs and maintenance to the irrigation system throughout the District.

Lake Maintenance 001.320.53800.46800
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 001.320.53800.46801

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 001.320.57200.54100
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 001.320.57200.51000
Office supplies for the clubhouse that will include items such as paper, toner, etc.

Operating Supplies 001.320.57200.52000
General operating supplies such as chemicals, paints, paper products, etc. for the clubhouse.

Credit Card Processing Fee001.320.57200.34699
The District processes credit cards with Bank of America.

Dues & Licenses 001.320.57200.54000
The District is required to pay an annual subscription for Motion Picture Licensing and Music Licensing.

Decorations 001.320.57200.52005
The District funds seasonal decorations for the Clubhouse.

Special Events 001.320.57200.49400
The District will have shows and events throughout the year.

Restaurant Operations
The District has contracted with Metz Culinary management for the operation and management of the restaurant, Ashton Tap and Grill:

FOOD	001.330.57200.52000	
DISPOSABLES	001.330.57200.52001	
EQUIPMENT	001.330.57200.52002	
CLEANING	001.330.57200.52003	
OTHER OPERATING EXPENSES	001.330.57200.52004	
MANAGEMENT PAYROLL & BENEFITS	001.330.57200.12000	
BASE PAYROLL (HOURLY)	001.330.57200.12100	
BASE TAXES/FRINGES	001.330.57200.21000	
MANAGEMENT/ADMINISTRATIVE COSTS	001.330.57200.34000	
GENERAL LIABILITY INSURANCE	001.330.57200.45000	

Lake Ashton	Capital Projects Funds
Community Development District

	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Adopted
Budget	
 Description			 	FY 2021			 	6/30/21			 	3 Months			 	9/30/21			 	FY 2022		
Revenues											
Capital Reserve-Transfer In (From General Fund to Capital Reserve)		$278,522		$278,522		$0		$278,522		$349,813	
Interest Income		$5,000		$657		$219		$876		$1,000	
Carryforward Surplus		$621,915		$532,019		$0		$532,019		$406,391	
     TOTAL  REVENUES			 	$905,437 		 	$811,198 		 	$219 		 	$811,417 		 	$757,204 	
Expenditures											
Capital Projects-FY 21											
Golf Course Reserves		$25,000		$0		$0		$0		$25,000	
Capital Reserves-FY 21		$4,700		$0		$0		$0		$0	
Pavement Management		$0		$2,638		$0		$2,638		$0	
Restaurant Equipment Allowance		$15,000		$20,675		$0		$20,675		$0	
Tennis Court Color Coat		$17,000		$0		$0		$0		$0	
Stormwater Management		$25,000		$7,862		$0		$7,862		$0	
Golf Course Transfer to LA2		$115,000		$115,000		$0		$115,000		$0	
HVAC		$25,000		$16,744		$0		$16,744		$0	
Ballroom Carpet Replacement		$45,000		$0		$0		$0		$0	
Handicap Ramp		$7,000		$0		$0		$0		$0	
Convert Tennis Court and Shuffleboard Court lights to LED		$15,000		$0		$0		$0		$0	
Bathroom Refurbishment		$0		$23,624		$0		$23,624		$0	
Signs		$0		$4,215		$0		$4,215		$0	
Landscape		$0		$17,478		$0		$17,478		$0	
Amenity Signage		$0		$0		$0		$0		$0	
Indoor Furniture		$0		$0		$0		$0		$0	
Restroom Coversion to Multi-use Handicap		$0		$0		$0		$0		$0	
Walkway to Bocce Ball Courts		$0		$0		$0		$0		$0	
Walkway to Tennis Courts		$0		$0		$0		$0		$0	
Pool Pump-Self Priming		$0		$0		$0		$0		$0	
Other Current Charges		$500		$485		$162		$647		$0	
Capital Projects-FY 22											
Capital Reserves-FY 22		$0		$0		$0		$0		$0	
Exercise Equipment - Cardio		$0		$0		$0		$0		$10,000	
Security Golf Carts		$0		$0		$0		$0		$7,650	
Enclose Activities Desk		$0		$0		$0		$0		$26,000	
Lake Ashton Blvd. Landscape Refurbishment		$0		$0		$0		$0		$28,250	
Pavement Management		$0		$0		$0		$0		$90,000	
Replace Restaurant Awning		$0		$0		$0		$0		$38,250	
Restaurant Dining Room Redesign		$0		$0		$0		$0		$10,000	
Restaurant Kitchen Redesign		$0		$0		$0		$0		$10,000	
Restaurant Equipment		$0		$0		$0		$0		$15,000	
Stormwater Management		$0		$0		$0		$0		$25,000	
HVAC		$0		$0		$0		$0		$25,000	
Other Current Charges		$0		$0		$0		$0		$650	
    TOTAL  EXPENDITURES			 	$294,200 		 	$208,721 		 	$162 		 	$208,883 		 	$310,800 	
Other Sources/(Uses)											
Capital Reserve-Transfer Out (Restaurant) (From Capital Reserve to General Fund)		$0		($156,245)		($39,899)		($196,144)		($110,356)	
    TOTAL OTHER			 	$0 		 	($156,245) 		 	($39,899) 		 	($196,144) 		 	($110,356) 	
EXCESS REVENUES		$611,237		$446,233		($39,842)		$406,391		$336,048	

RESERVES	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	
Beginning Balance	$621,915	$415,093	$321,937	$629,737	$937,537	
Reserves	$283,522	$328,000	$328,000	$328,000	$328,000	
Expenditures	($294,200)	($310,800)	($20,200)	($20,200)	($20,200)	
Expenditures-Restaurant	 	($196,144) 	 	($110,356) 	 	$0 	 	$0 	 	$0 	
Ending Balance	 	$415,093 	 	$321,937 	 	$629,737 	 	$937,537 	 	$1,245,337 	

RESERVE STUDY	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	
Beginning Balance	$594,828	$902,628	$1,210,428	$1,518,228	$1,826,028	
Reserves	$328,000	$328,000	$328,000	$328,000	$328,000	
Expenditures	 	($20,200) 	 	($20,200) 	 	($20,200) 	 	($20,200) 	 	($20,200) 	
Ending Balance	 	$902,628 	 	$1,210,428 	 	$1,518,228 	 	$1,826,028 	 	$2,133,828 	

Page 10

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

	Adopted
Budget		Actual
Thru		Projected
Next	Total
Projected		Adopted
Budget	
 Description			 	FY 2021			 	6/30/21			     3 Months		 	9/30/21			 	FY 2022		
Revenues										
Special Assessments - Levy		$450,835		$450,312		($4,835) (1)	$445,478		$435,837	
Special Assessments - PPMT A-1		$0		$50,930		$0	$50,930		$0	
Special Assessments - PPMT A-2		$0		$10,673		$0	$10,673		$0	
Interest Income		$500		$9		$9	$19		$500	
Carry Forward Surplus (2)		$135,570		$200,596		$0	$200,596		$156,320	
     TOTAL REVENUES			 	$586,905 		 	$712,521 		 	($4,825) 	 	$707,695 		 	$592,658 	
Expenditures										
Series 2015A-1										
Interest - 11/01		$88,875		$88,875		$0	$88,875		$81,625	
Interest - 05/01		$88,875		$0		$87,000	$87,000		$81,625	
Principal - 05/01		$220,000		$0		$215,000	$215,000		$230,000	
Special Call - 11/01		$15,000		$75,000		$0	$75,000		$0	
Special Call - 05/01		$0		$0		$40,000	$40,000		$0	

Series 2015A-2										
Interest - 11/01		$12,750		$12,750		$0		$12,750		$12,250	
Interest - 05/01		$12,750		$0		$12,750		$12,750		$12,250	
Principal - 05/01		$20,000		$0		$20,000		$20,000		$20,000	
     TOTAL EXPENDITURES			 	$458,250 		 	$176,625 		 	$374,750 		 	$551,375 		 	$437,750 	
Other Sources/(Uses)											
Interfund Transfer		($500)		$0		$0		$0		$0	
     TOTAL OTHER			 	($500) 		 	$0 		 	$0 		 	$0 		 	$0 	
     EXCESS REVENUES			 	$128,155 		 	$535,896 		 	($379,575) 		 	$156,320 		 	$154,908 	

(1) Property appraiser for 1% of total assessment roll. Fees are billed in August 2021.			
(2) Carryforward suplus is net of the Reserve Requirement.			
	2015A-1	$ 75,875.00	
	2015A-2	  $ 11,750.00 	
	11/22 Interest	 	$87,625 	

No. of Units	Per Unit	2015A-1	2015A-2	
287	$0.00	$0.00	$0.00	
134	$539.74	$72,325.16	$0.00	
16	$684.62	$10,953.92	$0.00	
274	$765.82	$209,834.68	$0.00	
22	$1,092.43	$0.00	$24,033.46	
61	$1,028.98	$36,219.36	$26,548.42	
81	$977.74	$79,196.94	$0.00	
GC (12)	$9,530.40	$9,530.40	$0.00	
875	$418,060.46	$50,581.88	
Discounts/Collection Fees (7%)	($29,264.23)	($3,540.73)	
Net Assessment Total	$388,796.23	$47,041.15	
Page 11

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

05/01/21	$3,480,000.00	$   215,000.00	$	87,000.00	$	-	
11/01/21	$3,265,000.00	$	-	$	81,625.00	$	383,625.00	
05/01/22	$3,265,000.00	$   230,000.00	$	81,625.00	$	-	
11/01/22	$3,035,000.00	$	-	$	75,875.00	$	387,500.00	
05/01/23	$3,035,000.00	$   240,000.00	$	75,875.00	$	-	
11/01/23	$2,795,000.00	$	-	$	69,875.00	$	385,750.00	
05/01/24	$2,795,000.00	$   250,000.00	$	69,875.00	$	-	
11/01/24	$2,545,000.00	$	-	$	63,625.00	$	383,500.00	
05/01/25	$2,545,000.00	$   265,000.00	$	63,625.00	$	-	
11/01/25	$2,280,000.00	$	-	$	57,000.00	$	385,625.00	
05/01/26	$2,280,000.00	$   280,000.00	$	57,000.00	$	-	
11/01/26	$2,000,000.00	$	-	$	50,000.00	$	387,000.00	
05/01/27	$2,000,000.00	$   295,000.00	$	50,000.00	$	-	
11/01/27	$1,705,000.00	$	-	$	42,625.00	$	387,625.00	
05/01/28	$1,705,000.00	$   310,000.00	$	42,625.00	$	-	
11/01/28	$1,395,000.00	$	-	$	34,875.00	$	387,500.00	
05/01/29	$1,395,000.00	$   325,000.00	$	34,875.00	$	-	
11/01/29	$1,070,000.00	$	-	$	26,750.00	$	386,625.00	
05/01/30	$1,070,000.00	$   340,000.00	$	26,750.00	$	-	
11/01/30	$ 730,000.00	$	-	$	18,250.00	$	385,000.00	
05/01/31	$ 730,000.00	$   355,000.00	$	18,250.00	$	-	
11/01/31	$ 375,000.00	$	-	$	9,375.00	$	382,625.00	
05/01/32	$ 375,000.00	$   375,000.00	$	9,375.00	$ 384,375.00	

$ 3,480,000.00	$ 1,146,750.00	$ 4,626,750.00

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	

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	
		$  510,000.00	$ 248,750.00	$	758,750.00