Lake Ashton Community Development District
Budget Workshop Agenda April 4, 2022

March 28, 2022
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 Monday, April 4, 2022 at 10:00 AM at the Lake Ashton Clubhouse Ballroom, 4141 Ashton Club Drive, Lake Wales, FL 33859. Below is the information to join the meeting.

Members of the public may attend the workshop in person or participate in the workshop utilizing the following options from your computer, tablet, or smartphone. To participate using video, please go to the link address below. To participate by telephone, please use the call-in number below and enter the Meeting ID when prompted.

Zoom Video Link: https://us06web.zoom.us/j/84553369144

Zoom Call-In Information: 1-646-876-9923
Meeting ID: 845 5336 9144

Following is the advance agenda for the workshop:

Roll Call
Review of Draft Fiscal Year 2023 Budget
Fiscal Year 2022 Adopted Budget
District Financials through February
Combined Balance Sheet
Capital Projects Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
Review of Draft Fiscal Year 2023 Capital Projects Report
Review of Draft Reserve Study Documents for District
Review of Preliminary Proposed Fiscal Year 2023 Budget
Adjournment

SECTION II

SECTION A

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

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	

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	

S ECTION 8

SECTION 1
COMBINED BALANCE SHEET
February 28, 2022

	 	Major Funds	
Debt	Capital
 	General	 	Service		 	Reserve		Total Governmental
 	Funds		
ASSETS:			
Cash-Wells Fargo	$113,984	---	$10,657	$124,641	
Due from Other Funds	$75,688	---	---	$75,688	
Investment - State Board	$775,145	---	---	$775,145	
Investment - State Board Capital Reserve	---	---	$684,704	$684,704	
Investments:			
Series 2015			
Reserve A	---	$214,125	---	$214,125	
Revenue A	---	$419,821	---	$419,821	
Prepayment A-1	---	$26,824	---	$26,824	
Prepayment A-2	---	$4,822	---	$4,822	

TOTAL ASSETS	 	$964,817	$665,592	$695,361	$2,325,771

LIABILITIES:						
Accounts Payable		$53,439	---	---	$53,439	
Due to Other Funds		---	---	$75,688	$75,688	
Deposits-Room Rentals		 	$6,225 	 	--- 	 	--- 	 	$6,225 	
	TOTAL LIABILITIES	 	$59,664 	 	$0 	 	$75,688 	 	$135,353 	

FUND BALANCES:
Restricted:
Debt Service	---	$665,592	---	$665,592 Assigned:
Capital Reserve		---	---	$619,673	$619,673	
Assigned		$118,295	---	---	$118,295	
Unassigned		 	$786,858 	 	--- 	 	--- 	 	$786,858 	
	TOTAL FUND BALANCES	 	$905,153 	 	$665,592 	 	$619,673 	 	$2,190,418 	
TOTAL LIABILITIES & FUND BALANCES	 	$964,817	$665,592	$695,361	$2,325,771

SECTION 2
CAPITAL PROJECTS RESERVE FUND
Statement of Revenues, Expenditures, and Changes in Fund Balance For the Period Ended February 28, 2022

 DESCRIPTION	

REVENUES:		ADOPTED
      BUDGET			PRORATED BUDGET
     THRU 02/28/22			ACTUAL
      THRU 02/28/22			
     VARIANCE 	
Interest Income		$1,000		$417		$181		($235)	
Capital Reserve-Transfer In FY 22		$349,813		$349,813		$349,813		($0)	
TOTAL REVENUES		 	$350,813 		 	$350,230 		 	$349,995 		 	($235) 	
EXPENDITURES:									
Capital Projects:
Golf Course Reserves		
$25,000		
$10,417		
$0		
$10,417	
Exercise Equipment - Cardio		$10,000		$4,167		$0		$4,167	
Security Golf Carts		$7,650		$7,650		$13,013		($5,363)	
Enclose Activities Desk		$26,000		$10,833		$0		$10,833	
Lake Ashton Blvd. Landscape Refurbishment		$28,250		$11,771		$0		$11,771	
Pavement Management		$90,000		$37,500		$7,538		$29,963	
Replace Restaurant Awning		$38,250		$15,938		$0		$15,938	
Restaurant Dining Room Redesign		$10,000		$4,167		$0		$4,167	
Restaurant Kitchen Redesign		$10,000		$4,167		$0		$4,167	
Restaurant Equipment		$15,000		$6,250		$0		$6,250	
Stormwater Management		$25,000		$10,417		$0		$10,417	
HVAC		$25,000		$10,417		$0		$10,417	
Other Current Charges		$650		$271		$240		$31	
TOTAL EXPENDITURES	 	$310,800 		 	$133,963 		 	$20,791 		 	$113,172 			
Excess (deficiency) of revenues
over (under) expenditures	 	$40,013 		
 	$216,267 		
 	$329,204 		
 	$112,937 			
OTHER FINANCING SOURCES/(USES)									
Interfund Transfer In/(Out)-Restaurant (FY22)	($110,356)		($45,982)		($71,529)		($25,547)		
TOTAL OTHER FINANCING SOURCES/(USES)	 	($110,356) 		 	($45,982) 		 	($71,529) 		 	($25,547) 		
Net change in fund balance	($70,343)		$170,286		$257,675		$87,389		
FUND BALANCE - Beginning	$406,391				$361,998				
FUND BALANCE - Ending	 	$336,048 				$619,673				

SECTION 3
 DESCRIPTION	

REVENUES:	ADOPTED
 	BUDGET			PRORATED BUDGET
     THRU 02/28/22 		ACTUAL
     THRU 02/28/22 		 	VARIANCE		
Special Assessments - Levy (1)	$1,789,053		$1,735,930		$1,735,930		$0	
Rental Income	$40,000		$16,667		$10,600		($6,067)	
Special Events Revenue	$130,000		$130,000		$138,639		$8,639	
Newsletter Ad Revenue	$80,000		$33,333		$48,557		$15,224	
Interest Income	$1,000		$417		$145		($272)	
Miscellaneous Income	$5,000		$2,083		$5,769		$3,686	
TOTAL REVENUES	 	$2,045,053 		 	$1,918,430 		 	$1,939,641 		 	$21,211 	
EXPENDITURES:								
ADMINISTRATIVE:
Supervisor Fees	
$4,000		
$1,667		
$1,275		
$392	
FICA Expense	$306		$128		$98		$30	
Engineering	$60,000		$25,000		$16,797		$8,203	
Arbitrage	$600		$250		$0		$250	
Dissemination	$1,000		$417		$417		$0	
Dissemination-Amort Schedules	$0		$0		$350		($350)	
Attorney	$30,000		$12,500		$8,762		$3,738	
Annual Audit	$3,750		$1,563		$0		$1,563	
Trustee Fees	$4,310		$1,796		$0		$1,796	
Management Fees	$60,236		$25,099		$25,098		$0	
Computer Time	$1,000		$417		$417		$0	
Postage	$2,500		$1,042		$1,133		($91)	
Printing & Binding	$1,000		$417		$74		$343	
Newsletter Printing	$35,000		$14,583		$20,948		($6,365)	
Rentals & Leases	$5,500		$2,292		$896		$1,396	
Insurance	$48,639		$48,639		$50,686		($2,047)	
Legal Advertising	$1,500		$625		$394		$231	
Other Current Charges	$1,250		$521		$569		($49)	
Property Taxes	$13,500		$5,625		$0		$5,625	
Office Supplies	$125		$52		$164		($112)	
Dues, Licenses & Subscriptions	$175		$175		$175		$0	
TOTAL ADMINISTRATIVE	 	$274,391 		 	$142,805 		 	$128,252 		 	$14,552 	
 DESCRIPTION		ADOPTED
 	BUDGET		PRORATED BUDGET
     THRU 02/28/22 	ACTUAL
     THRU 02/28/22 	 	VARIANCE					
Field:								
Field Management Services	$362,786	$151,161	$145,932	$5,228				
Gate/Patrol/Pool Officers	$260,614	$108,589	$90,047	$18,542				
Pest Control	$4,690	$1,954	$1,670	$284				
Security/Fire Alarm/Gate Repairs	$7,500	$3,125	$1,844	$1,281				
Telephone/Internet	$13,600	$5,667	$5,459	$208				
Electric	$216,000	$90,000	$90,654	($654)				
Water	$20,000	$8,333	$5,621	$2,712				
Gas-Pool	$20,500	$8,542	$17,846	($9,304)				
Gas-Restaurant	$15,000	$6,250	$6,928	($678)				
Refuse	$14,000	$5,833	$6,739	($906)				
Repairs & Maintenance-Clubhouse	$57,600	$24,000	$20,890	$3,110				
Repairs & Maintenance-Fitness Center	$3,000	$1,250	$421	$829				
Repairs & Maintenance-Restaurant	$17,400	$7,250	$10,945	($3,695)				
Repairs & Maintenance-Bowling Lanes	$17,000	$7,083	$5,889	$1,194				
Furniture, Fixtures,Equipment	$15,000	$6,250	$300	$5,950				
Repairs & Maintenance-Cart path & Bridges	$7,000	$2,917	$0	$2,917				
Repairs & Maintenance-Golf Cart	$5,400	$2,250	$4,613	($2,363)				
Repairs & Maintenance-Pool	$20,000	$8,333	$6,212	$2,121				
Landscape Maintenance	$194,514	$81,048	$81,050	($3)				
Plant Replacement	$7,000	$2,917	$0	$2,917				
Irrigation Repairs	$3,500	$1,458	$649	$810				
Lake Maintenance	$46,740	$19,475	$19,475	$0				
Wetland Mitigation and Maintenance	$34,800	$14,500	$0	$14,500				
Permits/Inspections	$1,500	$625	$814	($189)				
Office Supplies/Printing/Binding	$6,000	$2,500	$1,927	$573				
Operating Supplies	$23,000	$9,583	$12,648	($3,065)				
Credit Card Processing Fees	$4,000	$1,667	$2,901	($1,234)				
Dues & Subscriptions	$9,000	$3,750	$1,770	$1,980				
Decorations	$2,000	$833	$0	$833				
Special Events	$130,000	$54,167	$73,693	($19,527)				
TOTAL FIELD	 	$1,539,144 		 	$641,310 		 	$616,937 		 	$24,373 		
TOTAL EXPENDITURES	 	$1,813,535 		 	$784,114 		 	$745,190 		 	$38,925 		
Excess (deficiency) of revenues
over (under) expenditures	 	$231,518 		 	$1,134,315 		 	$1,194,451 		 	$60,136 		
OTHER FINANCING SOURCES/(USES)								
Capital Reserve-Transfer Out	($349,813)		($349,813)		($349,813)		$0	
TOTAL OTHER FINANCING SOURCES/(USES)	 	($349,813) 		 	($349,813) 		 	($349,813) 		 	$0 	
Net change in fund balance	($118,295)		$784,502		$844,638		$60,136	
FUND BALANCE - Beginning	$118,295				$60,516			
FUND BALANCE - Ending	 	$0 				$905,153			

(1) Assessments are shown net of Discounts and Collection Fees.
(2) See page 4 for breakdown of restaurant revenues and expenses.
SERIES 2015 DEBT SERVICE FUND
Statement of Revenues, Expenditures, and Changes in Fund Balance
For the Period Ended February 28, 2022

 DESCRIPTION	

REVENUES:		ADOPTED
 	BUDGET			PRORATED
 	THRU 02/28/22			ACTUAL
 	THRU 02/28/22			    VARIANCE 	
Interest Income		$500		$208		$8		($201)	
Assessments - Levy		$435,837		$418,922		$418,922		$0	
Assessments - Prepayments A-1		$0		$0		$9,436		$9,436	
TOTAL REVENUES		 	$436,337 		 	$419,131 		 	$428,366 		 	$9,235 	
EXPENDITURES:									
Series 2015A-1
Interest - 11/01		
$81,625		
$0		
$80,375		
($80,375)	
Interest - 5/01		$81,625		$0		$0		$0	
Principal - 5/01		$230,000		$0		$0		$0	
Special Call - 11/01		$0		$0		$60,000		($60,000)	
Series 2015A-2
Interest - 11/01		
$12,250		
$0		
$12,125		
($12,125)	
Interest - 5/01		$12,250		$0		$0		$0	
Principal - 5/01		$20,000		$0		$0		$0	
Special Call - 11/01		$0		$0		$10,000		($10,000)	
TOTAL EXPENDITURES	 	$437,750 		 	$0 		 	$162,500 		 	($162,500) 			
Excess (deficiency) of revenues
over (under) expenditures	 	($1,413) 		
 	$419,131 		
 	$265,866 		
 	($153,265) 			
Net change in fund balance	($1,413)		$419,131		$265,866		($153,265)		
FUND BALANCE - Beginning	$156,320				$399,727				
FUND BALANCE - Ending	 	$154,908 				$665,592				
LAKE ASHTON COMMUNITY DEVELOPMENT DISTRICT
Long Term Debt Report FY 2022

Series 2015-1, Special Assessment Bonds			
Interest Rate:	5.000%		
Maturity Date:	5/1/25	$715,000.00	
Interest Rate:	5.000%		
Maturity Date:	5/1/32	$2,500,000.00	
Reserve Requirement:	50% Maximum Annual Debt Service		
Bonds outstanding - 9/30/2021		$3,215,000.00	
	November 1, 2021 (Special Call)	($60,000.00)	
Current Bonds Outstanding		$3,155,000.00	

Series 2015-2, Special Assessment Bonds			
Interest Rate:	5.000%		
Maturity Date:	5/1/25	$50,000.00	
Interest Rate:	5.000%		
Maturity Date:	5/1/37	$435,000.00	
Reserve Requirement:	50% Maximum Annual Debt Service		
Bonds outstanding - 9/30/2021		$485,000.00	
	November 1, 2021 (Special Call)	($10,000.00)	
Current Bonds Outstanding		$475,000.00	

Total Current Bonds Outstanding	$3,630,000.00	

	OCT	NOV	DEC	JAN	FEB	MAR	APR		MAY	JUN	JULY		AUG	SEP	TOTAL	
	2021	2021	2021	2022	2022	2022	2022		2022	2022	2021		2021	2021		
Revenues																
Maintenance Assessments	$0	$1,335,842	$314,768	$49,984	$0		$0	$0	$0		$0	$0	$0		$0	$1,700,593	
Rental Income	$500	$900	$0	$7,350	$0		$0	$0	$0		$0	$0	$0		$0	$8,750	
Special Events Revenue	$86,234	$25,361	$7,528	$13,951	$0		$0	$0	$0		$0	$0	$0		$0	$133,074	
Newsletter Ad Revenue	$15,031	$8,726	$10,085	$3,996	$0		$0	$0	$0		$0	$0	$0		$0	$37,837	
Interest Income	$1	$0	$0	$43	$0		$0	$0	$0		$0	$0	$0		$0	$45	
Miscellaneous Income	$1,397	$836	$467	$1,277	$0		$0	$0	$0		$0	$0	$0		$0	$3,977	
Total Revenues	$103,163	$1,371,664	$332,848	$76,601	$0		$0	$0	$0		$0	$0	$0		$0	$1,884,275	
ADMINISTRATIVE:
Supervisor Fees	
$450	
$225	
$175	
$175	
$0		
$0	
$0	
$0		
$0	
$0	
$0		
$0	$1,025	
FICA Expense	$34	$17	$13	$13	$0		$0	$0	$0		$0	$0	$0		$0	$78	
Engineering	$1,994	$2,847	$1,314	$6,880	$0		$0	$0	$0		$0	$0	$0		$0	$13,035	
Arbitrage	$0	$0	$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	
Dissemination	$83	$83	$83	$83	$0		$0	$0	$0		$0	$0	$0		$0	$333	
Dissemination-Amort Schedules	$350	$0	$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$350	
Attorney	$3,567	$2,688	$399	$2,108	$0		$0	$0	$0		$0	$0	$0		$0	$8,762	
Annual Audit	$0	$0	$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	
Trustee Fees	$0	$0	$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	
Management Fees	$5,020	$5,020	$5,020	$5,020	$0		$0	$0	$0		$0	$0	$0		$0	$20,079	
Computer Time	$83	$83	$83	$83	$0		$0	$0	$0		$0	$0	$0		$0	$333	
Postage	$75	$324	$214	$366	$0		$0	$0	$0		$0	$0	$0		$0	$979	
Printing & Binding	$10	$20	$12	$23	$0		$0	$0	$0		$0	$0	$0		$0	$65	
Newsletter Printing	$3,903	$4,035	$4,459	$4,459	$0		$0	$0	$0		$0	$0	$0		$0	$16,856	
Rentals & Leases	$163	$163	$163	$246	$0		$0	$0	$0		$0	$0	$0		$0	$734	
Insurance	$50,686	$0	$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$50,686	
Legal Advertising	$394	$0	$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$394	
Other Current Charges	$137	$252	$100	$48	$0		$0	$0	$0		$0	$0	$0		$0	$536	
Property Taxes	$0	$0	$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	
Office Supplies	$3	$3	$3	$70	$0		$0	$0	$0		$0	$0	$0		$0	$78	
Dues, Licenses & Subscriptions	$175	$0	$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$175	
Total Administrative	$67,127	$15,759	$12,038	$19,575	$0		$0	$0	$0		$0	$0	$0		$0	$114,498	

	OCT	NOV	DEC	JAN	FEB	MAR	APR		MAY	JUN	JULY		AUG	SEP	TOTAL	
	2021	2021	2021	2022	2022	2022	2022		2022	2022	2021		2021	2021		

Field:
Field Management Services	

$32,536	

$28,149	

$28,277	

$28,354	

$0		

$0	

$0	

$0		

$0	

$0	

$0		

$0	$117,316	
Gate/Patrol/Pool Officers	$18,292	$18,411	$27,104	$25,480	$0		$0	$0	$0		$0	$0	$0		$0	$89,287	
Pest Control	$305	$450	$305	$305	$0		$0	$0	$0		$0	$0	$0		$0	$1,365	
Security/Fire Alarm/Gate Repairs	$0	$940	$530	$0	$0		$0	$0	$0		$0	$0	$0		$0	$1,470	
Telephone/Internet	$1,093	$1,090	$1,090	$1,093	$0		$0	$0	$0		$0	$0	$0		$0	$4,367	
Electric	$17,409	$17,180	$17,947	$19,174	$0		$0	$0	$0		$0	$0	$0		$0	$71,709	
Water	$941	$1,115	$1,137	$1,271	$0		$0	$0	$0		$0	$0	$0		$0	$4,464	
Gas-Pool	$1,862	$4,190	$2,852	$5,274	$0		$0	$0	$0		$0	$0	$0		$0	$14,178	
Gas-Restaurant	$2,283	$1,578	$930	$1,364	$0		$0	$0	$0		$0	$0	$0		$0	$6,156	
Refuse	$1,213	$1,275	$2,517	$864	$0		$0	$0	$0		$0	$0	$0		$0	$5,870	
Repairs & Maintenance-Clubhouse	$1,318	$9,642	$2,511	$2,154	$0		$0	$0	$0		$0	$0	$0		$0	$15,625	
Repairs & Maintenance-Fitness Center	$0	$0	$0	$236	$0		$0	$0	$0		$0	$0	$0		$0	$236	
Repairs & Maintenance-Restaurant	$1,816	$2,463	$1,295	$523	$0		$0	$0	$0		$0	$0	$0		$0	$6,096	
Repairs & Maintenance-Bowling Lanes	$0	$3,098	$1,264	$0	$0		$0	$0	$0		$0	$0	$0		$0	$4,362	
Furniture, Fixtures,Equipment	$0	$0	$0	$300	$0		$0	$0	$0		$0	$0	$0		$0	$300	
Repairs & Maintenance-Cart path & Bridges	$0	$0	$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	
Repairs & Maintenance-Golf Cart	$3,440	$300	$300	$150	$0		$0	$0	$0		$0	$0	$0		$0	$4,190	
Repairs & Maintenance-Pool	$1,161	$1,150	$1,275	$1,313	$0		$0	$0	$0		$0	$0	$0		$0	$4,899	
Landscape Maintenance	$15,442	$15,442	$15,442	$18,515	$0		$0	$0	$0		$0	$0	$0		$0	$64,840	
Plant Replacement	$0	$0	$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	
Irrigation Repairs	$0	$649	$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$649	
Lake Maintenance	$3,895	$3,895	$3,895	$3,895	$0		$0	$0	$0		$0	$0	$0		$0	$15,580	
Wetland Mitigation and Maintenance	$0	$0	$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	
Permits/Inspections	$0	$0	$580	$0	$0		$0	$0	$0		$0	$0	$0		$0	$580	
Office Supplies/Printing/Binding	$271	$155	$1,135	$367	$0		$0	$0	$0		$0	$0	$0		$0	$1,927	
Operating Supplies	$2,929	$2,286	$1,841	$1,195	$0		$0	$0	$0		$0	$0	$0		$0	$8,250	
Credit Card Processing Fees	$190	$1,565	$508	$336	$0		$0	$0	$0		$0	$0	$0		$0	$2,600	
Dues & Subscriptions	$165	$150	$43	$1,412	$0		$0	$0	$0		$0	$0	$0		$0	$1,770	
Decorations	$0	$0	$0	$0	$0		$0	$0	$0		$0	$0	$0		$0	$0	
Special Events	$20,234	$3,033	$7,036	$21,516	$0		$0	$0	$0		$0	$0	$0		$0	$51,818	
TOTAL FIELD	$126,795	$118,205	$119,813	$135,091	$0		$0	$0	$0		$0	$0	$0		$0	$499,904	

OTHER FINANCING SOURCES/(USES)																
Capital Reserve-Transfer Out	$0	$0	$0	($349,813)	$0		$0	$0	$0		$0	$0	$0		$0	($349,813)	
TOTAL OTHER FINANCING SOURCES/(USES)	$0	$0	$0	($349,813)	$0		$0	$0	$0		$0	$0	$0		$0	($349,813)	
																
Excess Revenues (Expenditures)	($90,759)	$1,237,700	$200,996	($427,879)	$0		$0	$0	$0		$0	$0	$0		$0	$920,059	
LAKE ASHTON
STATEMENT OF NET POSITION PROPRIETARY FUND
February 28, 2022

BUSINESS-TYPE ACTIVITY ENTERPRISE FUND
 	RESTAURANT	
ASSETS
CURRENT ASSETS
ACCOUNTS RECEIVABLE		--- INVENTORY	$27,121
PREPAID EXPENSE	---

TOTAL ASSETS	 	$27,121 

LIABILITIES
CURRENT LIABILITIES
ACCOUNTS PAYABLE	$0
DUE TO GENERAL FUND	$0

TOTAL LIABILITIES	 	$0 

NET POSITION		
UNRESTRICTED	 	$27,121 	
TOTAL NET POSITION	 	$27,121 	

Page 9
LAKE ASHTON CDD
RESTAURANT OPERATIONS - FY 2022

SALES CREDIT

Page 10

SECTION C

2023
Item	Estimated Amt	
Ballroom Renovation
Carpet New Fans
Ballroom Kitchen Refurbishment Paint
Replace Dance Floor	

$105,000.00	
Replace Carpet/Tile in Craft Room, Card Room, Media Center, Offices with LVT and Replace Carpet in the Game Room	$30,000.00	
Treadmills (2)	$10,000.00	
Outdoor Pool/Spa Refurbishment
Pool Tile Replacement Resufacing
Add an Additional Handrail	
$65,000.00	
Pool Lounge Chair Replacement (10)	$4,000.00	
Lake Ashton Shoreline Restoration		
Walking Path to Garden Area
(Paver Walkway from Sidewalk to Garden)	
$7,000.00	
Main Entrance Fountain Rehab	$10,000.00	
Gate Operators with LED Gate Arms	$20,000.00	
Front Entrance Lighting (TNR Road)	$25,000.00	
Security Golf Cart	$14,000.00	
Tennis Court Color Coat	$12,000.00	
Shuffleboard Color Coat	$12,000.00	
Ashton Club Dr Repavement	$110,000.00	
HVAC	$27,000.00	
Asphalt Pavement and Partial Seal Coat	$15,000.00	
Golf Course Pathways	$10,000.00	
Golf Course Bridge Maintenance	$30,000.00	
Pond Erosion Control	$10,000.00	
Paver Maintenance	$11,500.00	
Restaurant Equipment	$16,000.00	

SECTION D
Explanatory Notes:
Lake Ashton	1) 4.0% is the estimated future Inflation Rate for estimating Future Replacement Costs.
Community Development District	2) FY2022 is Fiscal Year beginning October 1, 2021 and ending September 30 2022.
 	Lake Wales, Florida	
Estimated	Life Analysis,	 	Costs, $	
Total	Per Phase		1st Year of	Years	Unit	Per Phase	Total	1	2	3	4	5	6	7	8	9	10	
Quantity	Quantity	Units	Reserve Component Inventory	Event	Useful Remaining	2022	2022		2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	
-	-	-------------------------------------------------------------------------------------------------------- --------------------- ----------- ---------------- ------------------ ------------------------------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------
			Exterior Building Elements																	
1,840	1,840	Square Feet	Awning, Canvas	2022	10 to 15	0	20.00	36,800	36,800	38,250										
1,350	1,350	Linear Feet	Gutters and Downspouts, Aluminum	2029	15 to 20	7	9.00	12,150	12,150			13,667								
350	350	Squares	Roofs, Asphalt Shingles (Includes Metal Roofs)	2031	12 to 18	9	370.00	129,500	129,500										191,692	
16	16	Squares	Roofs, Flat	2031	15 to 20	9	1,100.00	17,600	17,600										26,052	
32,600	32,600	Square Feet	Walls, Stucco, Paint Finishes and Capital Repairs	2023	5 to 7	1	1.10	35,860	35,860		38,786							51,040		
660	660	Square Feet	Windows and Doors, Southside Ballroom Windows	2058	to 40	37	100.00	66,000	66,000											
2,820	2,820	Square Feet	Windows and Doors, All other Windows in Clubhouse and Gate House	2037	to 40	15	100.00	282,000	282,000											
			Interior Building Elements																	
1	1	Allowance	Bowling Alley, Renovation	2041	to 20	19	50,000.00	50,000	50,000											
14,500	14,500	Square Feet	Ceilings, Acoustical Tiles and Grid	2030	to 30	8	4.00	58,000	58,000									82,552		
1	1	Allowance	Cinema, Renovation	2036	to 20	14	40,000.00	40,000	40,000											
1	1	Allowance	Exercise Equipment, Phased (SPLIT UP)	2022	5 to 15	0	10,000.00	10,000	11,604	10,000	10,816	11,249	11,699	12,167	12,653	13,159	13,686	14,233	14,802	
1,020	1,020	Square Yards	Floor Coverings, Carpet Throughout Clubhouse (Ballroom, Game Room, Card Room, Bowling Alley, Media Center, Offices)	2023	8 to 12	1	65.00	66,300	66,300		71,710									
498	498	Square Yards	Floor Coverings, LVT
Foyer, Hallway, Main Hallway Restrooms, Conference Room, Ballroom	2040	20 to 30	18	110.44	55,000	55,000											
172	172	Square Yards	Floor Coverings, Tile
Fitness Center Restrooms, Craft Room, Restaurant Kitchen	2030	to 30	9	75.00	12,900	12,900									18,361		
400	400	Square Yards	Floor Coverings, Wood Laminate Fitness Center and Ballroom	2023	18 to 25	1	83.00	33,200	33,200		35,909									
2	1	Allowance	Furnishings, Chairs and Tables, Phased (SPLIT UP)	2022	to 20	0 to 10	90,000.00	10,000	180,000			11,249		12,167		13,159		14,233		
4	1	Allowance	Kitchen Equipment, Grille and Bar, Phased (SPLIT UP)	2022	15 to 20	0 to 15	15,000.00	15,000	60,000	15,600	16,224	16,873	17,548	18,250	18,980	19,739	20,529	21,350	22,204	
1	1	Allowance	Kitchen, Ballroom, Renovation	2025	to 25	3	34,000.00	34,000	34,000				39,775							
970	970	Square Feet	Moveable Partition, Ballroom	2035	to 35	13	97.00	94,090	94,090											
35,000	35,000	Square Feet	Paint Finishes	2026	6 to 10	4	0.50	17,500	17,500					21,291						
6	6	Each	Rest Rooms, Renovation, Complete	2030	to 25	8	9,500.00	57,000	57,000									81,129		
			Building Services Elements																	
17	4	Each	Air Handling and Condensing Units, Split Systems, Phased (SPLIT UP)	2022	15 to 20	0 to 12	8,000.00	25,000	136,000	25,000	27,040	28,122	29,246	30,416	31,633	32,898	34,214	35,583	37,006	
1	1	Allowance	Life Safety System, Control Panel and Emergency Devices	2027	to 25	5	15,000.00	15,000	15,000						18,980					
2	1	Allowance	Security System, Phased	2022	to 15	0 to 7	15,500.00	15,500
Page 1 of 11	31,000		16,765						21,213			

Lake Ashton Community Development District
 	Lake Wales, Florida	

Total	Per Phase
Quantity	Quantity	Units	Reserve Component Inventory
11	12	13	14	15	16	17	18	19	20	21	22	23	24	25	26
2032	2033	2034	2035	2036	2037	2038	2039	2040	2041	2042	2043	2044	2045	2046	2047
-	-	-------------------------------------------------------------------------------------------------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------
			Exterior Building Elements																	
1,840	1,840	Square Feet	Awning, Canvas										80,633							
1,350	1,350	Linear Feet	Gutters and Downspouts, Aluminum											27,687						
350	350	Squares	Roofs, Asphalt Shingles (Includes Metal Roofs)																	
16	16	Squares	Roofs, Flat																	
32,600	32,600	Square Feet	Walls, Stucco, Paint Finishes and Capital Repairs						67,165							88,385				
660	660	Square Feet	Windows and Doors, Southside Ballroom Windows																	
2,820	2,820	Square Feet	Windows and Doors, All other Windows in Clubhouse and Gate House						528,181											
			Interior Building Elements																	
1	1	Allowance	Bowling Alley, Renovation										109,556							
14,500	14,500	Square Feet	Ceilings, Acoustical Tiles and Grid																	
1	1	Allowance	Cinema, Renovation					72,038												
1	1	Allowance	Exercise Equipment, Phased (SPLIT UP)	15,395	16,010	16,651	17,317	18,009	18,730	19,479	20,258	21,068	21,911	22,788	23,699	24,647	25,633	26,658	27,725	
1,020	1,020	Square Yards	Floor Coverings, Carpet Throughout Clubhouse (Ballroom, Game Room, Card Room, Bowling Alley, Media Center, Offices)		106,148												169,947			
498	498	Square Yards	Floor Coverings, LVT
Foyer, Hallway, Main Hallway Restrooms, Conference Room, Ballroom														140,981			
172	172	Square Yards	Floor Coverings, Tile
Fitness Center Restrooms, Craft Room, Restaurant Kitchen																	
400	400	Square Yards	Floor Coverings, Wood Laminate Fitness Center and Ballroom										72,745							
2	1	Allowance	Furnishings, Chairs and Tables, Phased (SPLIT UP)	15,395		16,651		18,009		19,479		21,068		22,788		24,647		26,658		
4	1	Allowance	Kitchen Equipment, Grille and Bar, Phased (SPLIT UP)	23,092	24,015	24,976	25,975	27,014	28,095	29,219	30,387	31,603	32,867	34,182	35,549	36,971	38,450	39,988	41,587	
1	1	Allowance	Kitchen, Ballroom, Renovation																	
970	970	Square Feet	Moveable Partition, Ballroom				162,933													
35,000	35,000	Square Feet	Paint Finishes				30,304									43,133				
6	6	Each	Rest Rooms, Renovation, Complete																	
			Building Services Elements																	
17	4	Each	Air Handling and Condensing Units, Split Systems, Phased (SPLIT UP)	38,486	40,026	41,627	43,292	45,024	46,825	48,698	50,645	52,671	54,778	56,969	59,248	61,618	64,083	66,646	69,312	
1	1	Allowance	Life Safety System, Control Panel and Emergency Devices																	
2	1	Allowance	Security System, Phased				
Pa	27,915
ge 2 of 11							36,734					
Explanatory Notes:
Lake Ashton	1) 4.0% is the estimated future Inflation Rate for estimating Future Replacement Costs.
Community Development District	2) FY2022 is Fiscal Year beginning October 1, 2021 and ending September 30 2022.
 	Lake Wales, Florida	
Estimated	Life Analysis,	 	Costs, $	
Total	Per Phase		1st Year of	Years	Unit	Per Phase	Total	1	2	3	4	5	6	7	8	9	10	
Quantity	Quantity	Units	Reserve Component Inventory	Event	Useful Remaining	2022	2022		2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	
-	-	-------------------------------------------------------------------------------------------------------- --------------------- ----------- ---------------- ------------------ ------------------------------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------
			Property Site Elements																	
102,900	27,746	Square Yards	Asphalt Pavement, Patch and Partial Seal Coat (SPLIT UP)	2025	3 to 5	3	0.50	13,873	51,450		15,005	15,605	16,229	16,879	17,554	18,256	18,986	19,746	20,535	
2,175	2,175	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 0-19) Berwick Drive	2022	15 to 20	0 to 2	41.00	89,175	89,175	92,742										
2,500	2,500	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 20-39) Ashton Club Drive	2024	15 to 20	2 to 6	41.00	102,500	102,500		110,864									
3,277	3,277	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 40-59) Turnberry Ln	2026	15 to 20	4	41.00	134,357	134,357					163,466						
812	812	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 40-59) MacArthur Palms Dr	2026	15 to 20		41.00	33,292	33,292					40,505						
6,246	6,246	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 40-59) Dunmore Dr	2026	15 to 20		41.00	256,086	256,086							336,992				
1,791	1,791	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 40-59) Litchfield Loop	2026	15 to 20		41.00	73,431	73,431									104,515		
1,655	1,655	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 40-59) Waterford Dr	2026	15 to 20		41.00	67,855	67,855											
1,325	1,325	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 40-59) Aberdeen Ln	2026	15 to 20	4 to 6	41.00	54,325	54,325											
667	667	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Grayhawk Dr	2028	15 to 20		41.00	27,347	27,347											
2,280	2,280	Linel Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) LA Blvd Outbound (NW)	2028	15 to 20		41.00	93,480	93,480											
2,359	2,359	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Stone Creek Loop	2028	15 to 20		41.00	96,719	96,719											
1,307	1,307	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Ashton Palms Dr	2028	15 to 20		41.00	53,587	53,587											
2,650	2,650	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Muirfield Loop	2028	15 to 20		41.00	108,650	108,650											
2,280	2,280	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) LA Blvd Inbound	2028	15 to 20		41.00	93,480	93,480											
407	407	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Troon Ln	2028	15 to 20		41.00	16,687	16,687											
1,555	1,555	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Strathmore Dr	2028	15 to 20		41.00	63,755	63,755											
1,085	1,085	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Birkdale Dr	2028	15 to 20		41.00	44,485	44,485											
395	395	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Roebelenii Dr	2028	15 to 20		41.00	16,195	16,195											
850	850	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Dornoch Dr	2028	15 to 20		41.00	34,850	34,850											
547	547	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Blackmoor Ln	2028	15 to 20	6 to 30+	41.00	22,427	22,427											
3,668	3,668	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Ashton Club Dr (N of APD)	2028	15 to 20	6 to 30+	41.00	150,388	150,388											
856	856	Linel Feet	Asphalt Pavement, Mill and Overlay (Score 80-100) Gullane Dr	2030	15 to 20	8 to 30+	41.00	35,096	35,096											
766	766	Linel Feet	Asphalt Pavement, Mill and Overlay (Score 80-100) Ventana Ln	2030	15 to 20	8 to 30+	41.00	31,406	31,406											
772	772	Linel Feet	Asphalt Pavement, Mill and Overlay (Score 80-100) Heath Land Ln	2030	15 to 20	8 to 30+	41.00	31,652	31,652											

Lake Ashton Community Development District
 	Lake Wales, Florida	

Total	Per Phase
Quantity	Quantity	Units	Reserve Component Inventory
11	12	13	14	15	16	17	18	19	20	21	22	23	24	25	26
2032	2033	2034	2035	2036	2037	2038	2039	2040	2041	2042	2043	2044	2045	2046	2047
-	-	-------------------------------------------------------------------------------------------------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------
			Property Site Elements																	
102,900	27,746	Square Yards	Asphalt Pavement, Patch and Partial Seal Coat (SPLIT UP)	21,357	22,211	23,100	24,024	24,984	25,984	27,023	28,104	29,228	30,397	31,613	32,878	34,193	35,561	36,983	38,462	
2,175	2,175	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 0-19) Berwick Drive																	
2,500	2,500	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 20-39) Ashton Club Drive																	
3,277	3,277	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 40-59) Turnberry Ln																	
812	812	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 40-59) MacArthur Palms Dr																	
6,246	6,246	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 40-59) Dunmore Dr																	
1,791	1,791	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 40-59) Litchfield Loop																	
1,655	1,655	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 40-59) Waterford Dr	104,460																
1,325	1,325	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 40-59) Aberdeen Ln			90,455														
667	667	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Grayhawk Dr					49,250												
2,280	2,280	Linel Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) LA Blvd Outbound (NW)							182,090										
2,359	2,359	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Stone Creek Loop									203,772								
1,307	1,307	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Ashton Palms Dr											122,112						
2,650	2,650	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Muirfield Loop													267,791				
2,280	2,280	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) LA Blvd Inbound															249,202		
407	407	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Troon Ln																	
1,555	1,555	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Strathmore Dr																	
1,085	1,085	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Birkdale Dr																	
395	395	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Roebelenii Dr																	
850	850	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Dornoch Dr																	
547	547	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Blackmoor Ln																	
3,668	3,668	Lineal Feet	Asphalt Pavement, Mill and Overlay (Score 60-79) Ashton Club Dr (N of APD)																	
856	856	Linel Feet	Asphalt Pavement, Mill and Overlay (Score 80-100) Gullane Dr																	
766	766	Linel Feet	Asphalt Pavement, Mill and Overlay (Score 80-100) Ventana Ln																	
772	772	Linel Feet	Asphalt Pavement, Mill and Overlay (Score 80-100) Heath Land Ln																	
Explanatory Notes:
Lake Ashton	1) 4.0% is the estimated future Inflation Rate for estimating Future Replacement Costs.
Community Development District	2) FY2022 is Fiscal Year beginning October 1, 2021 and ending September 30 2022.
 	Lake Wales, Florida	
Estimated	Life Analysis,	 	Costs, $	
Total	Per Phase		1st Year of	Years	Unit	Per Phase	Total	1	2	3	4	5	6	7	8	9	10	
Quantity	Quantity	Units	Reserve Component Inventory	Event	Useful Remaining	2022	2022		2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	
-	-	-------------------------------------------------------------------------------------------------------- --------------------- ----------- ---------------- ------------------ ------------------------------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------
1,857	1,857	Linel Feet	Asphalt Pavement, Mill and Overlay (Score 80-100) Limerick Dr	2030	15 to 20	8 to 30+	41.00	76,137	76,137											
370	370	Linel Feet	Asphalt Pavement, Mill and Overlay (Score 80-100) Coconut Dr	2030	15 to 20	8 to 30+	41.00	15,170	15,170											
980	980	Linel Feet	Asphalt Pavement, Mill and Overlay (Score 80-100) Tralee Dr	2030	15 to 20	8 to 30+	41.00	40,180	40,180											
1,457	1,457	Linel Feet	Asphalt Pavement, Mill and Overlay (Score 80-100) Sable Loop Dr	2030	15 to 20	8 to 30+	41.00	59,737	59,737											
56	56	Each	Catch Basins, Inspections and Capital Repairs, Phased	2022	15 to 20	0 to 8	500.00	28,000	28,000	25,000			32,756							
2,645	2,645	Linear Feet	Concrete Curbs and Gutters, Partial	2022	to 65	0 to 12	26.00	68,770	68,770	30,000			80,451							
24,416	24,416	Linear Feet	Golf Course Pathways, Partial	2022	15 to 20	0	0.41	10,000	10,000	16,000	10,000									
1,864	1,864	Linear Feet	Golf Course Bridge Maintenance (Board Replacement (40), Pressure Washing, & Sealing)	2022		0	16.09	30,000	30,000	16,000	30,000									
392	392	Linear Feet	Bridge 1 Substructure Replacement	2033		11	500.00	196,000	196,000											
3920	3920	Square Feet	Bridge 1 Decking Replacement	2033		11	28.00	109,760	109,760											
25	25	Linear Feet	Bridge 2 Substructure Replacement				500.00	12,710	12,710											
254	254	Square Feet	Bridge 2 Decking Replacement				28.00	7,112	7,112											
25	25	Linear Feet	Bridge 3 Substructure Replacement				500.00	12,600	12,600											
254	254	Square Feet	Bridge 3 Decking Replacement				28.00	7,112	7,112											
201	201	Linear Feet	Bridge 4 Substructure Replacement				500.00	100,500	100,500											
2010	2010	Square Feet	Bridge 4 Decking Replacement				28.00	56,280	56,280											
58	58	Linear Feet	Bridge 5 Substructure Replacement				500.00	29,000	29,000											
580	580	Square Feet	Bridge 5 Decking Replacement				28.00	16,240	16,240											
70	70	Linear Feet	Bridge 6 Substructure Replacement				500.00	35,000	35,000											
700	700	Square Feet	Bridge 6 Decking Replacement				28.00	19,600	19,600											
79	79	Linear Feet	Bridge 7 Substructure Replacement				500.00	39,500	39,500											
790	790	Square Feet	Bridge 7 Decking Replacement				28.00	22,120	22,120											
90	90	Linear Feet	Bridge 8 Substructure Replacement				500.00	44,750	44,750											
895	895	Square Feet	Bridge 8 Decking Replacement				28.00	25,060	25,060											
97	97	Linear Feet	Bridge 9 Substructure Replacement				500.00	48,500	48,500											
970	970	Square Feet	Bridge 9 Decking Replacement				28.00	27,160	27,160											

Lake Ashton Community Development District
 	Lake Wales, Florida	

Total	Per Phase
Quantity	Quantity	Units	Reserve Component Inventory
11	12	13	14	15	16	17	18	19	20	21	22	23	24	25	26
2032	2033	2034	2035	2036	2037	2038	2039	2040	2041	2042	2043	2044	2045	2046	2047
-	-	-------------------------------------------------------------------------------------------------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------
1,857	1,857	Linel Feet	Asphalt Pavement, Mill and Overlay (Score 80-100) Limerick Dr																	
370	370	Linel Feet	Asphalt Pavement, Mill and Overlay (Score 80-100) Coconut Dr																	
980	980	Linel Feet	Asphalt Pavement, Mill and Overlay (Score 80-100) Tralee Dr																	
1,457	1,457	Linel Feet	Asphalt Pavement, Mill and Overlay (Score 80-100) Sable Loop Dr																	
56	56	Each	Catch Basins, Inspections and Capital Repairs, Phased					50,426		54,541			58,992		66,358		71,773			
2,645	2,645	Linear Feet	Concrete Curbs and Gutters, Partial					123,851		133,957			144,888		162,979		176,278			
24,416	24,416	Linear Feet	Golf Course Pathways, Partial																	
1,864	1,864	Linear Feet	Golf Course Bridge Maintenance (Board Replacement (40), Pressure Washing, & Sealing)																	
392	392	Linear Feet	Bridge 1 Substructure Replacement		313,802															
3920	3920	Square Feet	Bridge 1 Decking Replacement		175,729															
25	25	Linear Feet	Bridge 2 Substructure Replacement																	
254	254	Square Feet	Bridge 2 Decking Replacement																	
25	25	Linear Feet	Bridge 3 Substructure Replacement																	
254	254	Square Feet	Bridge 3 Decking Replacement																	
201	201	Linear Feet	Bridge 4 Substructure Replacement																	
2010	2010	Square Feet	Bridge 4 Decking Replacement																	
58	58	Linear Feet	Bridge 5 Substructure Replacement																	
580	580	Square Feet	Bridge 5 Decking Replacement																	
70	70	Linear Feet	Bridge 6 Substructure Replacement																	
700	700	Square Feet	Bridge 6 Decking Replacement																	
79	79	Linear Feet	Bridge 7 Substructure Replacement																	
790	790	Square Feet	Bridge 7 Decking Replacement																	
90	90	Linear Feet	Bridge 8 Substructure Replacement																	
895	895	Square Feet	Bridge 8 Decking Replacement																	
97	97	Linear Feet	Bridge 9 Substructure Replacement																	
970	970	Square Feet	Bridge 9 Decking Replacement																	
Explanatory Notes:
Lake Ashton	1) 4.0% is the estimated future Inflation Rate for estimating Future Replacement Costs.
Community Development District	2) FY2022 is Fiscal Year beginning October 1, 2021 and ending September 30 2022.
 	Lake Wales, Florida	
Estimated	Life Analysis,	 	Costs, $	
Total	Per Phase		1st Year of	Years	Unit	Per Phase	Total	1	2	3	4	5	6	7	8	9	10	
Quantity	Quantity	Units	Reserve Component Inventory	Event	Useful Remaining	2022	2022		2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	
-	-	-------------------------------------------------------------------------------------------------------- --------------------- ----------- ---------------- ------------------ ------------------------------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------
81	81	Linear Feet	Bridge 10 Substructure Replacement	2035		13	500.00	40,250	40,250											
805	805	Square Feet	Bridge 10 Decking Replacement	2035		13	28.00	22,540	22,540											
487	487	Linear Feet	Bridge 11 Substructure Replacement				500.00	243,500	243,500											
4870	4870	Square Feet	Bridge 11 Decking Replacement				28.00	136,360	136,360											
199	199	Linear Feet	Bridge 12 Substructure Replacement				500.00	99,500	99,500											
1990	1990	Square Feet	Bridge 12 Decking Replacement				28.00	55,720	55,720											
60	60	Linear Feet	Bridge 13 Substructure Replacement				500.00	30,000	30,000											
600	600	Square Feet	Bridge 13 Decking Replacement				28.00	16,800	16,800											
50	50	Each	Signage	2025	20 to 25	3	800.00	40,000	40,000				46,794							
4,700	4,700	Linear Feet	Fences, Aluminum	2025	to 25	3	46.00	216,200	216,200				252,923							
2,420	2,420	Linear Feet	Fences, Chain Link
West Portion of Community	2030	to 30	8	19.00	45,980	45,980									65,444		
500	500	Linear Feet	Fences, Chain Link Pet Play Park	2050	to 30	28 to 30+	19.00	9,500	9,500											
4	4	Each	Gate Arms	2030	to 10	8	800.00	3,200	3,200									4,555		
4	4	Each	Gate Operators	2022	to 10	0	5,000.00	20,000	20,000		21,632									
2	2	Each	Golf Carts	2027	to 10	5	5,000.00	10,000	10,000	10,400										
70,000	70,000	Square Feet	Irrigation System	2039	to 40	17	1.00	70,000	70,000											
38,000	1,520	Square Feet	Pavers, Lake Ashton Blvd/Circular Drive/Surrounding Clubhouse (SPLIT UP)	2023	15 to 20	1	7.00	10,640	266,000		11,508	11,969	12,447	12,945	13,463	14,002	14,562	15,144	15,750	
17,500	875	Linear Feet	Ponds, Erosion Control, Partial	2029	to 15	7 to 30+	35	30,625	612,500								41,912			
29		Each	Golf Course Ponds, Erosion Control, Partial								10,000									

Lake Ashton Community Development District
 	Lake Wales, Florida	

Total	Per Phase
Quantity	Quantity	Units	Reserve Component Inventory
11	12	13	14	15	16	17	18	19	20	21	22	23	24	25	26
2032	2033	2034	2035	2036	2037	2038	2039	2040	2041	2042	2043	2044	2045	2046	2047
-	-	-------------------------------------------------------------------------------------------------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------
81	81	Linear Feet	Bridge 10 Substructure Replacement				69,700													
805	805	Square Feet	Bridge 10 Decking Replacement				39,032													
487	487	Linear Feet	Bridge 11 Substructure Replacement																	
4870	4870	Square Feet	Bridge 11 Decking Replacement																	
199	199	Linear Feet	Bridge 12 Substructure Replacement																	
1990	1990	Square Feet	Bridge 12 Decking Replacement																	
60	60	Linear Feet	Bridge 13 Substructure Replacement																	
600	600	Square Feet	Bridge 13 Decking Replacement																	
50	50	Each	Signage																	
4,700	4,700	Linear Feet	Fences, Aluminum																	
2,420	2,420	Linear Feet	Fences, Chain Link
West Portion of Community																	
500	500	Linear Feet	Fences, Chain Link Pet Play Park																	
4	4	Each	Gate Arms									6,742								
4	4	Each	Gate Operators	30,789										45,575						
2	2	Each	Golf Carts	15,395															27,725	
70,000	70,000	Square Feet	Irrigation System								141,807									
38,000	1,520	Square Feet	Pavers, Lake Ashton Blvd/Circular Drive/Surrounding Clubhouse (SPLIT UP)	16,380	17,035	17,716	18,425	19,162	19,929	20,726	21,555	22,417	23,314	24,246	25,216	26,225	27,274	28,364	29,499	
17,500	875	Linear Feet	Ponds, Erosion Control, Partial											69,787						
29		Each	Golf Course Ponds, Erosion Control, Partial																	
Explanatory Notes:
Lake Ashton	1) 4.0% is the estimated future Inflation Rate for estimating Future Replacement Costs.
Community Development District	2) FY2022 is Fiscal Year beginning October 1, 2021 and ending September 30 2022.
 	Lake Wales, Florida	
Estimated	Life Analysis,	 	Costs, $	
Total	Per Phase		1st Year of	Years	Unit	Per Phase	Total	1	2	3	4	5	6	7	8	9	10	
Quantity	Quantity	Units	Reserve Component Inventory	Event	Useful Remaining	2022	2022		2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	
-	-	-------------------------------------------------------------------------------------------------------- --------------------- ----------- ---------------- ------------------ ------------------------------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------
2	2	Each	Bocce Courts, Light Poles and Fixtures																	
1	1	Allowance	Bocce Courts Furniture, Metal (SPLIT UP-WAS INCLUDED WITH POOL FURNITURE)	2027	to 25	5	2,500.00	2,500	2,500						3,163	3,290	3,421	3,558	3,701	
1	1	Allowance	Pavilion Furniture, Metal (SPLIT UP-WAS INLCUDED WITH POOL FURNITURE)	2027	to 25	5	5,000.00	5,000	5,000						6,327	6,580	6,843	7,117	7,401	
1	1	Allowance	Pet Play Park Furniture, Metal (SPLIT UP-WAS INCLUDED WITH POOL FURNITURE)	2027	to 25	5	2,500.00	2,500	2,500						3,163	3,290	3,421	3,558	3,701	
8	8	Each	Shuffleboard Courts, Surface Replacement (SPLIT UP-WAS INCLUDED WITH TENNIS COURT)	2057	to 40	35	2,600.00	20,800	20,800											
940	940	Sqaure Yards	Shuffleboard Courts, Color Coat (SPLIT UP-WAS INCLUDED WITH TENNIS COURT)	2023	4 to 6	1	10.00	9,400	9,400		10,167								13,914	
940	940	Square Yards	Tennis Courts, Color Coat (SPLIT UP-WAS INCLUDED WITH SHUFFLEBOARD)	2023	4 to 6	1	10.00	9,400	9,400		10,167								13,914	
1,600	1,600	Square Yards	Tennis Courts, Surface Replacement (SPLIT UP-WAS INCLUDED WITH SHUFFLEBOARD)	2026	to 25	4	35.00	56,000	56,000					65,512						
480	480	Linear Feet	Tennis Courts, Fence	2025	to 25	3	35.00	16,800	16,800				19,654							
9	9	Each	Tennis Courts, Light Poles and Fixtures	2025	to 35	3	2,500.00	22,500	22,500											
			Pool Elements																	
12100	12,100	Square Feet	Deck, Pavers (Includes Clubhouse Patio and Bocce Courts)	2032	to 30	10	7.00	84,700	84,700											
400	400	Linear Feet	Fences, Aluminum	2027	to 25	5	46.00	18,400	18,400						23,282					
1	1	Allowance	Pool Furniture, Metal	2027	to 25	5	5,000.00	5,000	5,000		5,408	5,624	5,849	6,083	6,327	6,580	6,843	7,117	7,401	
2	1	Allowance	Mechanical Equipment, Phased	2022	to 15	0 to 7	15,000.00	15,000	30,000	15,600						19,739				
3	3	Each	Pool, Light Poles and Fixtures																	
2760	2,760	Square Feet	Pool Finishes, Plaster	2023	8 to 12	1	11.50	31,740	31,740		34,330									
	Misc. Capital Expenditures																			
			Enclose Activities Desk	2022						26000										
			Lake Ashton Blvd Landscape Refurbishment	2022						28,250										
			Restaurant Dining Room Redesign	2022						10000										
			Restaurant Kitchen Redesign	2022						10000										
			Other Current Charges (Capital Reserve Bank Account Fee)	2022						650										
																				
			Anticipated Expenditures, By Year							369,492	486,331	114,358	565,371	399,681	155,525	487,684	185,630	549,235	378,073	

Lake Ashton Community Development District
 	Lake Wales, Florida	

Total	Per Phase
Quantity	Quantity	Units	Reserve Component Inventory
11	12	13	14	15	16	17	18	19	20	21	22	23	24	25	26
2032	2033	2034	2035	2036	2037	2038	2039	2040	2041	2042	2043	2044	2045	2046	2047
-	-	-------------------------------------------------------------------------------------------------------- ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ ------------------
2	2	Each	Bocce Courts, Light Poles and Fixtures																	
1	1	Allowance	Bocce Courts Furniture, Metal (SPLIT UP-WAS INCLUDED WITH POOL FURNITURE)	3,849	4,003	4,163	4,329	4,502	4,682	4,870	5,065	5,267	5,478	5,697	5,925	6,162	6,408	6,665	6,931	
1	1	Allowance	Pavilion Furniture, Metal (SPLIT UP-WAS INLCUDED WITH POOL FURNITURE)	7,697	8,005	8,325	8,658	9,005	9,365	9,740	10,129	10,534	10,956	11,394	11,850	12,324	12,817	13,329	13,862	
1	1	Allowance	Pet Play Park Furniture, Metal (SPLIT UP-WAS INCLUDED WITH POOL FURNITURE)	3,849	4,003	4,163	4,329	4,502	4,682	4,870	5,065	5,267	5,478	5,697	5,925	6,162	6,408	6,665	6,931	
8	8	Each	Shuffleboard Courts, Surface Replacement (SPLIT UP-WAS INCLUDED WITH TENNIS COURT)																	
940	940	Sqaure Yards	Shuffleboard Courts, Color Coat (SPLIT UP-WAS INCLUDED WITH TENNIS COURT)					16,929					20,597					25,059		
940	940	Square Yards	Tennis Courts, Color Coat (SPLIT UP-WAS INCLUDED WITH SHUFFLEBOARD)					16,929					20,597					25,059		
1,600	1,600	Square Yards	Tennis Courts, Surface Replacement (SPLIT UP-WAS INCLUDED WITH SHUFFLEBOARD)																	
480	480	Linear Feet	Tennis Courts, Fence																	
9	9	Each	Tennis Courts, Light Poles and Fixtures																	
			Pool Elements																	
12100	12,100	Square Feet	Deck, Pavers (Includes Clubhouse Patio and Bocce Courts)	130,392																
400	400	Linear Feet	Fences, Aluminum																	
1	1	Allowance	Pool Furniture, Metal	7,697	8,005	8,325	8,658	9,005	9,365	9,740	10,129	10,534	10,956	11,394	11,850	12,324	12,817	13,329	13,862	
2	1	Allowance	Mechanical Equipment, Phased				25,975							34,182						
3	3	Each	Pool, Light Poles and Fixtures																	
2760	2,760	Square Feet	Pool Finishes, Plaster		50,817										75,221					
	Misc. Capital Expenditures																			
			Enclose Activities Desk																	
			Lake Ashton Blvd Landscape Refurbishment																	
			Restaurant Dining Room Redesign																	
			Restaurant Kitchen Redesign																	
			Other Current Charges (Capital Reserve Bank Account Fee)																	
																				
			Anticipated Expenditures, By Year	434,233	789,809	256,152	482,951	536,554	763,003	564,432	323,144	420,171	704,143	526,111	553,432	644,582	788,430	564,605	275,896	
RESERVE FUNDING PLAN
CASH FLOW ANALYSIS
Lake Ashton
Lake Ashton Community Development District Excel - DRAFT - 3-27-22
Community Development District	Individual Reserve Budgets & Cash Flows for the Next 30 Years
Lake Wales, Florida	2022	2023	2024	2025	2026	2027	2028	2029	2030	
Reserves at Beginning of Year	486,307	445,653	287,982	502,335	265,655	194,388	367,368	208,202	351,075	
Recommended Reserve Contributions
Additional Assessment	328,000	328,000	328,000	328,000	328,000	328,000	328,000	328,000	328,000	
Total Recommended Reserve Contributions	328,000	328,000	328,000	328,000	328,000	328,000	328,000	328,000	328,000	
Anticipated Interest Rate	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	
Estimated Interest Earned, During Year	838	660	711	691	414	505	518	503	433	
Anticipated Expenditures, By Year	(369,492)	(486,331)	(114,358)	(565,371)	(399,681)	(155,525)	(487,684)	(185,630)	(549,235)	
---------------  ---------------  -----------------  -----------------  -----------------  -----------------  -----------------  ----------------- -----------------
Anticipated Reserves at Year End	$445,653	$287,982	$502,335	$265,655	$194,388	$367,368	$208,202	$351,075	$130,273

(continued)	Individual Reserve Budgets & Cash Flows for the Next 30 Years, Continued
	2033	2034	2035	2036	2037	2038	2039	2040	2041	2042	2043	2047	
Reserves at Beginning of Year	(25,795)	(488,066)	(417,032)	(572,873)	(782,646)	(1,219,449)	(1,458,289)	(1,456,054)	(1,550,929)	(1,930,202)	(2,131,966)	(3,390,714)	
Recommended Reserve Contributions
Additional Assessment	328,000	328,000	328,000	328,000	328,000	328,000	328,000	328,000	328,000	328,000	328,000	328,000	
Total Recommended Reserve Contributions	328,000	328,000	328,000	328,000	328,000	328,000	328,000	328,000	328,000	328,000	328,000	328,000	
Anticipated Interest Rate	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	0.18%	
Estimated Interest Earned, During Year	(462)	(814)	(890)	(1,219)	(1,800)	(2,408)	(2,621)	(2,704)	(3,130)	(3,653)	(4,040)	(6,056)	
Anticipated Expenditures, By Year	(789,809)	(256,152)	(482,951)	(536,554)	(763,003)	(564,432)	(323,144)	(420,171)	(704,143)	(526,111)	(553,432)	(275,896)	
----------------- ----------------- --------------- --------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- ----------------- -----------------
Anticipated Reserves at Year End	($488,066)	($417,032) ($572,873) ($782,646) ($1,219,449) ($1,458,289) ($1,456,054) ($1,550,929) ($1,930,202) ($2,131,966) ($2,361,438) ($3,344,666)

0.2% is the estimated annual rate of return on invested reserves.

Page 11 of 11

SECTION III

Proposed Budget
Fiscal Year 2023

Community Development District

April 4, 2022 Budget Workshop

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget		
Description	FY 2022	2/28/22	7 Months	9/30/22	FY 2023		
Revenues							
Special Assessments - Levy	001.300.36300.10100	$1,789,053	$1,735,930	$53,123	$1,789,053	$1,789,053	
Rental Income	001.300.36200.10100	$40,000	$10,600	$14,840	$25,440	$40,000	
Entertainment Fees	001.300.36200.10000	$130,000	$138,639	$33,335	$171,974	$130,000	
Newsletter Ad Revenue	001.300.36200.10200	$80,000	$48,557	$67,980	$116,537	$80,000	
Interest Income	001.300.36100.10000	$1,000	$145	$203	$347	$1,000	
Restaurant Retail Sales (1)	001.300.34900.10000	$865,535	$0	$0	$0	$0	
Restaurant Catering Sales (1)	001.300.34900.10001	$118,400	$0	$0	$0	$0	
Contributions	001.300.36600.10000	$0	$0	$0	$0	$0	
Miscellaneous Income	001.300.36900.10000	$5,000	$5,769	$2,500	$8,269	$5,000	
Carryforward	001.300.27100.10000	$118,295	$60,516	$0	$60,516	$60,066	

 TOTAL REVENUES	 $3,147,283       $2,000,156 	$171,981        $2,172,137       $2,105,119 

Expenditures
Administrative							
Supervisor Fees	001.310.51300.11000	$4,000	$1,275	$3,500	$4,775	$5,400	
FICA Expense	001.310.51300.21000	$306	$98	$268	$365	$413	
Engineering	001.310.51300.31100	$60,000	$16,797	$23,515	$40,312	$60,000	
Arbitrage	001.310.51300.31200	$600	$0	$600	$600	$600	
Dissemination	001.310.51300.31300	$1,000	$767	$583	$1,350	$1,500	
Attorney	001.310.51300.31500	$30,000	$8,762	$17,524	$26,286	$30,000	
Annual Audit	001.310.51300.32200	$3,750	$0	$3,750	$3,750	$3,850	
Trustee Fees	001.310.51300.32300	$4,310	$0	$4,310	$4,310	$4,310	
Management Fees	001.310.51300.34000	$60,236	$25,098	$35,138	$60,236	$63,248	
Accounting System Software	001.310.51300.35100	$1,000	$417	$583	$1,000	$1,000	
Postage	001.310.51300.42000	$2,500	$1,133	$1,586	$2,719	$2,500	
Printing & Binding	001.310.51300.42500	$1,000	$74	$103	$177	$1,000	
Newsletter Printing	001.310.51300.42501	$35,000	$20,948	$29,327	$50,275	$35,000	
Rentals & Leases	001.310.51300.42502	$5,500	$896	$1,254	$2,150	$5,500	
Insurance	001.310.51300.45000	$48,639	$50,686	$0	$50,686	$48,639	
Legal Advertising	001.310.51300.48000	$1,500	$394	$1,000	$1,394	$1,500	
Other Current Charges	001.310.51300.49000	$1,250	$569	$797	$1,367	$1,250	
Property Taxes	001.310.51300.31400	$13,500	$0	$0	$0	$0	
Office Supplies	001.310.51300.51000	$125	$164	$230	$395	$125	
Dues, Licenses & Subscriptions	001.310.51300.54000	$175	$175	$0	$175	$175	

 TOTAL ADMINISTRATIVE	 	$274,391 	$128,252 	$124,069 	$252,322 	$266,010 

Maintenance												
Field Management Services	001.320.57200.34000	$362,786	$145,932	$216,853	$362,786	$408,176						
Gate/Patrol/Pool Officers	001.320.57200.34501	$260,614	$89,287	$178,575	$267,862	$294,517						
Pest Control	001.320.57200.54501	$4,690	$1,670	$2,135	$3,805	$4,690						
Security/Fire Alarm/Gate Repairs	001.320.57200.34500	$7,500	$1,844	$2,582	$4,426	$7,500						
	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Proposed
Budget			
Description		FY 2022		2/28/22		7 Months		9/30/22		FY 2023		

Maintenance-continued												
Telephone/Internet	001.320.57200.41000		$13,600		$5,459		$7,643		$13,102		$13,600	
Electric	001.320.57200.43000		$216,000		$90,654		$126,916		$217,570		$220,000	
Water	001.320.57200.43100		$20,000		$5,621		$7,869		$13,490		$16,000	
Gas-Pool	001.320.57200.43200		$20,500		$17,846		$4,482		$22,328		$25,000	
Gas-Restaurant	001.320.57200.43201		$15,000		$6,928		$9,699		$16,627		$17,500	
Refuse	001.320.57200.43300		$14,000		$6,739		$6,087		$12,826		$14,000	
Repairs and Maintenance-Clubhouse	001.320.57200.54500		$57,600		$20,890		$29,245		$50,135		$57,600	
Repairs and Maintenance-Fitness Center	001.320.57200.54510		$3,000		$421		$590		$1,012		$3,000	
Repairs and Maintenance-Restaurant	001.320.57200.54520		$17,400		$10,945		$6,500		$17,445		$17,400	
Repairs and Maintenance-Bowling Lanes	001.320.57200.54530		$17,000		$5,889		$8,245		$14,134		$17,000	
Furniture, Fixtures, Equipment	001.320.57200.52010		$15,000		$300		$420		$720		$15,000	
Repairs and Maintenance-Cart Path & Bridge	001.320.57200.54540		$7,000		$3,250		$2,500		$5,750		$7,000	
Repairs and Maintenance-Pool	001.320.57200.45300		$20,000		$6,212		$8,697		$14,909		$20,000	
Golf Cart Repairs and Maintenance	001.320.57200.54506		$5,400		$1,363		$1,908		$3,270		$5,400	
Landscape Maintenance	001.320.57200.46200		$194,514		$81,050		$113,470		$194,520		$198,410	
Plant Replacement	001.320.57200.46201		$7,000		$0		$7,000		$7,000		$7,000	
Irrigation Repairs	001.320.57200.46202		$3,500		$649		$908		$1,557		$3,500	
Lake Maintenance	001.320.53800.46800		$46,740		$19,475		$27,265		$46,740		$46,740	
Wetland/Mitigation Maintenance	001.320.53800.46801		$34,800		$0		$34,800		$34,800		$34,800	
Permits/Inspections	001.320.57200.54100		$1,500		$814		$1,342		$2,156		$2,200	
Office Supplies/Printing/Binding	001.320.57200.51000		$6,000		$1,927		$2,697		$4,624		$5,000	
Operating Supplies	001.320.57200.52000		$23,000		$12,648		$17,708		$30,356		$23,000	
Credit Card Processing Fees	001.320.57200.34600		$4,000		$2,901		$2,450		$5,351		$5,500	
Dues & Subscriptions	001.320.57200.54000		$9,000		$1,770		$6,867		$8,637		$9,000	
Decorations	001.320.57200.52005		$2,000		$0		$2,000		$2,000		$2,000	
Special Events	001.320.57200.49400		$130,000		$74,453		$55,547		$130,000		$130,000	
Restaurant Operations (1)	001.330.57200.52000		$1,094,291		$0		$0		$0		$0	
Water Damage Repairs	001.320.57200.54507		$0		$0		$0		$0		$0	
TOTAL MAINTENANCE			$2,633,435		$616,937		$892,999		$1,509,937		$1,630,533	
												
 TOTAL EXPENDITURES	 $2,907,826 	$745,190 $1,017,069 $1,762,258 $1,896,543 												
Other Sources and Uses
Capital Reserve-Transfer Out (From General Fund to Capital Reserve)	
($349,813)	
($349,813)	
$0	
($349,813)	
($98,219)							
Capital Reserve-Transfer In (Restaurant) (From Capital Reserve to General) (1)	$110,356	$0	$0	$0	$0							
Capital Reserve-Transfer out (Restaurant) (Enterprise Fund) (1)	$0	$0	$0	$0	($110,356)							

 TOTAL OTHER SOURCES AND USES	 	($239,457) 	($349,813) 	$0 	($349,813) 	($208,575) 

 EXCESS REVENUES		$0	$905,153	($845,088)	$60,066	$0

	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	
Net Assessment	$1,572,076	$1,719,338	$1,703,644	$1,789,053	$1,789,053	
Plus Collection Fees (7%)	$118,328	$129,413	$128,231	$134,660	$134,660	
Gross Assessment	$1,690,404	$1,848,750	$1,831,875	$1,923,713	$1,923,713	
No. of Units	986	986	977	977	977	
Gross Per Unit Assessment	$1,714.41	$1,875.00	$1,875.00	$1,969.00	$1,969.00	
(1) Restaurant revenues and expenses have been moved to the Enterprise Fund budget. See Page xx.
Lake Ashton	Capital Projects Funds
Community Development District

	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Proposed
Budget		
 Description			 	FY 2022			 	2/28/22			 	7 Months			 	9/30/22			 	FY 2023		
Revenues											
Capital Reserve-Transfer In (From General Fund to Capital Reserve)		$349,813		$349,813		$0		$349,813		$98,219	
Interest Income		$1,000		$181		$254		$435		$1,000	
Carryforward Surplus		$406,391		$361,998		$0		$361,998		$518,525	
     TOTAL  REVENUES			 	$757,204 		 	$711,992 		 	$254 		 	$712,246 		 	$617,745 	
Expenditures											
Capital Projects-FY 22											
Golf Course Reserves		$25,000		$0		$0		$0		$0	
Capital Projects-FY 22											
Exercise Equipment - Cardio		$10,000		$0		$0		$0		$0	
Security Golf Carts		$7,650		$13,013		$0		$13,013		$0	
Enclose Activities Desk		$26,000		$0		$0		$0		$0	
Lake Ashton Blvd. Landscape Refurbishment		$28,250		$0		$0		$0		$0	
Pavement Management		$90,000		$7,538		$0		$7,538		$0	
Replace Restaurant Awning		$38,250		$0		$0		$0		$0	
Restaurant Dining Room Redesign		$10,000		$0		$0		$0		$0	
Restaurant Kitchen Redesign		$10,000		$0		$0		$0		$0	
Restaurant Equipment		$15,000		$0		$0		$0		$0	
Stormwater Management		$25,000		$0		$0		$0		$0	
HVAC		$25,000		$0		$0		$0		$0	
Other Current Charges		$650		$240		$0		$240		$0	
Capital Projects-FY 23											
Golf Course Reserves		$0		$0		$0		$0		$25,000	
Capital Projects (To be listed Separately)		$0		$0		$0		$0		$285,150	
Other Current Charges		$0		$0		$0		$0		$650	
    TOTAL  EXPENDITURES			 	$310,800 		 	$20,791 		 	$0 		 	$20,791 		 	$310,800 	
Other Sources/(Uses)											
Capital Reserve-Transfer Out (Restaurant) (From Capital Reserve to Enterprise Fund)		($110,356)		($71,529)		($101,401)		($172,930)		$0	
    TOTAL OTHER			 	($110,356) 		 	($71,529) 		 	($101,401) 		 	($172,930) 		 	$0 	
EXCESS REVENUES		$336,048		$619,673		($101,147)		$518,525		$306,945	

RESERVES	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	
Beginning Balance	$406,391	$336,048	$643,848	$951,648	$1,259,448	
Reserves	$350,813	$328,000	$328,000	$328,000	$328,000	
Expenditures	($310,800)	($20,200)	($20,200)	($20,200)	($20,200)	
Expenditures-Restaurant	 	($110,356) 	 	$0 	 	$0 	 	$0 	 	$0 	
Ending Balance	 	$336,048 	 	$643,848 	 	$951,648 	 	$1,259,448 	 	$1,567,248 	

RESERVE STUDY	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	
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 3
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 2022			 	2/28/22			     7 Months			 	9/30/22			 	FY 2023		
Revenues											
Special Assessments - Levy		$435,837		$418,922		$15,204		$434,126		$435,837	
Special Assessments - PPMT A-1		$0		$9,436		$0		$9,436		$0	
Special Assessments - PPMT A-2		$0		$0		$0		$0		$0	
Interest Income		$500		$8		$11		$18		$500	
Carry Forward Surplus (1)		$156,320		$185,602		$0		$185,602		$92,807	
     TOTAL  REVENUES			 	$592,658 		 	$613,967 		 	$15,214 		 	$629,182 		 	$529,144 	
Expenditures											
Series 2015A-1											
Interest - 11/01		$80,375		$80,375		$0		$80,375		$75,875	
Interest - 05/01		$78,875		$0		$81,625		$81,625		$75,875	
Principal - 05/01		$220,000		$0		$230,000		$230,000		$240,000	
Special Call - 11/01		$0		$60,000		$0		$60,000		$0	
Special Call - 05/01		$0		$0		$25,000		$25,000		$0	

Series 2015A-2											
Interest - 11/01		$12,125		$12,125		$0		$12,125		$11,750	
Interest - 05/01		$11,875		$0		$12,250		$12,250		$11,750	
Principal - 05/01		$20,000		$0		$20,000		$20,000		$20,000	
Special Call - 11/01		$0		$10,000		$0		$10,000		$0	
Special Call - 5/01		$0		$0		$5,000		$5,000		$0	
     TOTAL EXPENDITURES			 	$423,250 		 	$162,500 		 	$373,875 		 	$536,375 		 	$435,250 	
     EXCESS REVENUES			 	$169,408 		 	$451,467 		 	($358,661) 		 	$92,807 		 	$93,894 	

(1) Carryforward suplus is net of the Reserve Requirement.											
	2015A-1	$69,875									
	2015A-2	 	$11,250 									
	11/23 Interest	 	$81,125 									

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 4

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	

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	
LAKE ASHTON CDD
RESTAURANT OPERATIONS - FY 2023

SALES CREDIT	ADOPTED BUDGET-FY 22	ACTUALS THRU 2/28/22	PROJECTED 7 MONTHS	PROJECTED TOTAL-FY22	PROPOSED BUDGET-FY 23	
RETAIL SALES	$	865,535	$	246,387	$	344,942	$	591,330	$	865,535	
CATERING-INSIDE	$	118,400	$	42,725	$	59,815	$	102,539	$	118,400	
CATERING-OUTSIDE	$	-	$	7,825	$	10,955	$	18,780	$	-	
OTHER CATERING SALES	$	-	$	-	$	-	$	-	$	-	

PURCHASES:
CONTRIBUTION (METZ)
TOTAL
  $	-	$	-	$	-	$	-	$	-	
  $	983,935	$	296,937	$	415,712	$	712,649	$	983,935 

DRY GROCERY	$	369,580	$	2,455	$	3,437	$	5,893	$	369,580	
BAKERY	$	-	$	-	$	-	$	-	$	-	
DAIRY	$	-	$	7,383	$	10,336	$	17,718	$	-	
PRODUCE	$	-	$	9,100	$	12,740	$	21,839	$	-	
GROCERY-REFRIGERATED/FROZEN	$	-	$	16,413	$	22,979	$	39,392	$	-	
MEAT-PORK/BEEF	$	-	$	22,407	$	31,369	$	53,776	$	-	
POULTRY	$	-	$	8,592	$	12,029	$	20,621	$	-	
SEAFOOD	$	-	$	7,646	$	10,705	$	18,351	$	-	
BEVERAGES	$	-	$	17,733	$	24,826	$	42,559	$	-	
MISC. COST
TOTAL
OTHER OPERATING EXPENSES
  $	-	$	7,335	$	10,268	$	17,603	$	-	
  $	369,580	$	99,063	$	138,689	$	237,752	$	369,580 

TELEPHONE/UTILITIES	$	94,229	$	268	$	375	$	643	$	94,229	
MENUS	$	-	$	-	$	-	$	-	$	-	
LAUNDRY	$	-	$	1,913	$	2,678	$	4,591	$	-	
OFFICE SUPPLIES	$	-	$	619	$	866	$	1,484	$	-	
UNIFORMS	$	-	$	81	$	113	$	194	$	-	
EQUIPMENT/SUPPLIES	$	-	$	3,398	$	4,757	$	8,155	$	-	
JANITORIAL/HAZARDOUS	$	-	$	3,064	$	4,290	$	7,354	$	-	
DISPOSABLES	$	-	$	7,205	$	10,087	$	17,292	$	-	
REPAIRS	$	-	$	-	$	-	$	-	$	-	
AUTO EXPENSE	$	-	$	-	$	-	$	-	$	-	
SERVICE CONTRACTS	$	-	$	540	$	756	$	1,295	$	-	
CONTRIBUTIONS	$	-	$	(900)	$	-	$	(900)	$	-	
ENTERTAINMENT	$	-	$	6,600	$	9,240	$	15,840	$	-	
EQUIPMENT RENTAL	$	-	$	-	$	-	$	-	$	-	
EMPLOYEE RECRUITMENT	$	-	$	174	$	244	$	419	$	-	
MISC. EXPENSE	$	-	$	1,729	$	2,421	$	4,150	$	-	
POSTAGE	$	-	$	-	$	-	$	-	$	-	
DUES/SUBSCRIPTIONS	$	-	$	3,487	$	4,882	$	8,369	$	-	
CREDIT CARD FEES	$	-	$	7,401	$	10,361	$	17,762	$	-	
OVER/SHORT	$	-	$	1,606	$	2,248	$	3,854	$	-	
REFUSE/PEST CONTROL	$	-	$	-	$	-	$	-	$	-	
MARKETING/ADVERTISING	$	-	$	1,117	$	1,564	$	2,681	$	-	
TECHNOLOGY EXPENSE	$	-	$	1,076	$	1,507	$	2,583	$	-	

LABOR:
LICENSES
TOTAL
  $	-	$	58	$	81	$	139	$	-	
  $	94,229	$	39,435	$	56,470	$	95,906	$	94,229 

MANAGEMENT PAYROLL & BENEFITS	$	658,053	$	59,830	$	83,762	$	143,592	$	658,053	
BASE PAYROLL (HOURLY)	$	-	$	102,771	$	143,879	$	246,650	$	-	
BASE TAXES/FRINGES	$	-	$	28,776	$	40,286	$	69,062	$	-	
CONTRACT LABOR (OTHER)
TOTAL
  $	-	$	7,154	$	10,015	$	17,169	$	-	
  $	658,053	$	198,530	$	277,942	$	476,473	$	658,053 

FEES, INVESTMENTS & ADJUSTMENTS
MANAGEMENT/ADMINISTRATIVE COSTS $ SERVICE CONTRACT	$
GENERAL LIABILITY INSURANCE	$

66,658	$
-	$
-	$

29,167	$
-	$
2,270	$

40,833	$
-	$
3,179	$

70,000	$
-	$
5,449	$

66,658
-
-
DEPRECIATION/AMORTIZATION
TOTAL
  $	-	$	-	$	-	$	-	$	-	
  $	66,658	$	31,437	$	44,012	$	75,449	$	66,658 

EXCESS REVENUES (EXPENDITURES)
  $	(110,356)	$	(71,529)	$	(101,401)	$	(172,930)	$	(110,356) 

OTHER FINANCING SOURCES
$	110,356	$
71,529	$
101,401	$
172,930	$
110,356

NET CHANGE
  $	-	$	-	$	-	$	-	$	-	

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