FY2025
Proposed Budget
May6,2024

6iv1S

	Table of Contents	

1-2		General Fund	

3-8	
	General Fund Narrative	

9	
	Capital Reserve Fund	

10	
	Debt Service Fund Series 2015	

11	
	Amortization Schedule - Debt Service Fund Series 2015-1	

12	
	Amortization Schedule - Debt Service Fund Series 2015-2	

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
Description		FY 2024	3/31/24	6 Months	9/30/24	FY 2025	

Revenues							
Special Assessments - Levy	001.300.36300.10100	$2,145,886	$2,125,007	$20,878	$2,145,886	$2,327,048	
Rental Income	001.300.36200.10100	$40,000	$23,275	$23,275	$46,550	$40,000	
Entertainment Fees	001.300.36200.10000	$165,000	$145,233	$30,000	$175,233	$165,000	
Newsletter Ad Revenue	001.300.36200.10200	$95,000	$60,431	$60,431	$120,862	$95,000	
Interest Income	001.300.36100.10000	$8,000	$88	$88	$175	$8,000	
Restaurant Lease Income	001.300.34900.10000	$19,600	$11,678	$7,922	$19,600	$19,600	
Sponsorship - Advent Health	001.300.36200.10700	$0	$15,000	$0	$15,000	$8,000	
Special Events - Security	001.300.36200.10500	$0	$0	$0	$0	$0	
Revenue-Reimbursed Repairs	001.300.36200.10900	$0	$9,893	$0	$9,893	$0	
Insurance Proceeds	001.300.36900.10200	$0	$0	$0	$0	$0	
Miscellaneous Income	001.300.36900.10000	$5,000	$11,953	$10,500	$22,453	$9,000	
Carryforward	001.300.27100.10000	$148,445	$43,991	$0	$43,991	$67,028	
TOTAL REVENUES		$2,626,931	$2,446,550	$153,093	$2,599,643	$2,738,676	

Expenditures							
Administrative							
Supervisor Fees	001.310.51300.11000	$12,000	$3,950	$3,950	$7,900	$12,000	
FICA Expense	001.310.51300.21000	$918	$302	$302	$604	$918	
Engineering	001.310.51300.31100	$50,000	$17,497	$17,497	$34,993	$50,000	
Arbitrage	001.310.51300.31200	$600	$0	$600	$600	$600	
Dissemination	001.310.51300.31300	$1,500	$750	$750	$1,500	$1,575	
Attorney	001.310.51300.31500	$45,000	$15,956	$15,956	$31,912	$45,000	
Annual Audit	001.310.51300.32200	$3,930	$0	$3,930	$3,930	$4,000	
Trustee Fees	001.310.51300.32300	$4,310	$0	$4,310	$4,310	$4,310	
Management Fees	001.310.51300.34000	$66,410	$33,205	$33,205	$66,410	$69,731	
Accounting System Software	001.310.51300.35100	$1,000	$500	$500	$1,000	$1,000	
Postage	001.310.51300.42000	$3,500	$2,108	$2,108	$4,216	$3,500	
Printing & Binding	001.310.51300.42500	$500	$20	$20	$41	$500	
Newsletter Printing	001.310.51300.42501	$50,000	$30,119	$32,478	$62,597	$55,000	
Marketing	001.310.51300.48001	$3,000	$0	$3,000	$3,000	$3,000	
Rentals & Leases	001.310.51300.42502	$5,500	$1,758	$1,758	$3,516	$4,000	
Insurance	001.310.51300.45000	$67,509	$72,378	$0	$72,378	$79,626	
Legal Advertising	001.310.51300.48000	$1,500	$0	$1,500	$1,500	$1,500	
Other Current Charges	001.310.51300.49000	$750	$0	$750	$750	$750	
Property Taxes	001.310.51300.31400	$0	$0	$0	$0	$13,500	
Office Supplies	001.310.51300.51000	$300	$17	$50	$67	$300	
Dues, Licenses & Subscriptions	001.310.51300.54000	$175	$175	$0	$175	$175	
TOTAL ADMINISTRATIVE		$318,403	$178,735	$122,664	$301,399	$350,984	

Maintenance							
Field Management Services	001.320.57200.34000	$492,027	$246,014	$246,014	$492,027	$521,549	
Gate/Patrol/Pool Officers	001.320.57200.34501	$341,286	$172,326	$172,326	$344,652	$372,436	
Gate/Patrol/Pool Officers-Special Events	001.320.57200.34511	$0	$2,326	$0	$2,326	$0	
Security/Fire Alarm/Gate Repairs	001.320.57200.34500	$9,500	$1,634	$1,634	$3,269	$9,500	
Access Control System	001.320.57200.34504	$64,235	$10,545	$10,545	$21,089	$60,362	
Pest Control	001.320.57200.54501	$4,690	$1,540	$1,540	$3,080	$4,690	

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
Description		FY 2024	3/31/24	6 Months	9/30/24	FY 2025	

Maintenance-continued							
Telephone/Internet	001.320.57200.41000	$12,204	$2,734	$2,734	$5,468	$8,000	
Electric	001.320.57200.43000	$240,000	$123,783	$123,783	$247,566	$240,000	
Water	001.320.57200.43100	$16,000	$7,493	$7,493	$14,986	$16,000	
Gas-Pool	001.320.57200.43200	$25,000	$17,641	$3,051	$20,692	$25,000	
Refuse	001.320.57200.43300	$8,000	$4,206	$4,206	$8,412	$8,000	
Repairs and Maintenance-Clubhouse	001.320.57200.54500	$85,600	$40,634	$40,634	$81,268	$85,600	
Repairs and Maintenance-Fitness Center	001.320.57200.54510	$3,000	$841	$1,500	$2,341	$3,000	
Repairs and Maintenance-Bowling Lanes	001.320.57200.54530	$17,000	$7,041	$9,857	$16,898	$17,000	
Repairs and Maintenance-Restaurant	001.320.57200.54520	$6,000	$326	$5,674	$6,000	$6,000	
Repairs and Maintenance-Reimbursed Repairs	001.320.57200.54540	$0	$785	$0	$785	$0	
Furniture, Fixtures, Equipment	001.320.57200.52010	$10,000	$4,392	$5,608	$10,000	$10,000	
Repairs and Maintenance-Pool	001.320.57200.45300	$15,000	$12,195	$12,195	$24,390	$15,000	
Repairs and Maintenance-Golf Cart	001.320.57200.54506	$5,400	$6,362	$6,362	$12,724	$5,400	
Landscape  Maintenance-Contract	001.320.57200.46200	$194,700	$93,353	$94,428	$187,781	$194,520	
Landscape  Maintenance-Improvements	001.320.57200.46201	$15,000	$2,568	$12,432	$15,000	$15,000	
Irrigation Repairs	001.320.57200.46202	$3,500	$7,200	$1,500	$8,700	$8,500	
Lake Maintenance-Contract	001.320.53800.46800	$53,628	$19,475	$27,265	$46,740	$55,237	
Lake Maintenance-Other	001.320.53800.46803	$2,000	$390	$1,610	$2,000	$2,000	
Wetland/Mitigation Maintenance	001.320.53800.46801	$45,338	$0	$45,338	$45,338	$46,698	
Permits/Inspections	001.320.57200.54100	$3,000	$0	$3,000	$3,000	$3,000	
Office Supplies/Printing/Binding	001.320.57200.51000	$5,000	$693	$693	$1,386	$5,000	
Credit Card Processing Fees	001.320.57200.34600	$5,500	$3,645	$1,500	$5,145	$7,500	
Dues & Subscriptions	001.320.57200.54000	$9,500	$3,153	$6,347	$9,500	$9,500	
Decorations	001.320.57200.52005	$2,000	$436	$1,564	$2,000	$2,000	
Special Events	001.320.57200.49400	$165,000	$106,382	$30,850	$137,232	$165,000	
TOTAL MAINTENANCE		$1,859,108	$900,113	$881,683	$1,781,796	$1,921,492	
							
TOTAL EXPENDITURES		$2,177,511	$1,078,848	$1,004,347	$2,083,195	$2,272,476	

Other Sources and Uses
Capital Reserve-Transfer Out (From General Fund to Capital Reserve)	

($449,420)	

($449,420)	

$0	

($449,420)	

($466,200)	
TOTAL OTHER SOURCES AND USES	($449,420)	($449,420)	$0	($449,420)	($466,200)	
						
EXCESS REVENUES	$0	$918,282	($851,253)	$67,028	$0	

FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	
Net Assessment	$1,719,338	$1,703,644	$1,789,053	$2,055,306	$2,145,886	$2,327,048	
Plus Collection Fees (7%)	$129,413	$128,231	$134,660	$154,700	$161,518	$175,154	
Gross Assessment	$1,848,750	$1,831,875	$1,923,713	$2,210,006	$2,307,404	$2,502,202	
No. of Units	986	977	977	974	974	974	
Gross Per Unit Assessment	$1,875.00	$1,875.00	$1,969.00	$2,269.00	$2,369.00	$2,569.00	

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.

Restaurant Lease Income 001.300.34900.10000
Monthly lease payment for lease of the Restaurant.

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.

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 and 6 joint meetings at their agreed upon compensation.

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
CALM will provide on-site management services for the District. The amount budgeted is based on an estimated annual contract amount of $521,549. This amount represents a 6% 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 Securitas. 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	$60,000.00	
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	$24,500.00	
211003673350	3555 LAKE ASHTON BL GRD HSE	$3,500.00	
211003674523	DUNMORE DRIVE AL	$47,000.00	
211003673988	4141 ASHTON CLUB DRIVE	$64,500.00	
221000397002	LAKE ASHTON PH5 LTS	$12,150.00	
211003675660	LAKE ASHTON PH6	$14,750.00	
211003675918	THE PALMS/MACARTHUR PALMS	$4,400.00	
TOTAL		$240,000.00	

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	$11,500.00	
22109	GATE ENTRANCE-IRR	$1,500.00	
37767	PALMS IRRIGATION	$1,500.00	
20740	4128 LAKE ASHTON BLVD.	$1,500.00	
TOTAL		$16,000.00	

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

Refuse  Service  001.320.57200.43300
The District is currently contracted with Florida Refuse for garbage pickup and recycling services.

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
Regular repairs and maintenance of the pool.

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	$4,603	$55,237	

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	$10,009	$40,036	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	$3,332.00	$6,664.00	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.

Lake Ashton
Community Development District Proposed Budget
Capital Reserve Fund

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
 Description			FY 2024			3/31/24			6 Months			9/30/24			FY 2025		

Revenues						
Capital Reserve-Transfer In (From General Fund to Capital Reserve)	$449,420	$449,420	$0	$449,420	$466,200	
Interest Income	$500	$6,455	$7,111	$13,567	$500	
Carryforward Surplus	$548,136	$459,669	$0	$459,669	$389,606	
TOTAL REVENUES	$998,056	$915,544	$7,111	$922,656	$856,306	

Expenditures						
Capital Projects-FY 24						
Bocce Court	$0	$19,893	$0	$19,893	$0	
Fitness Center Equipment	$0	$12,763	$0	$12,763	$0	
Pavement/Curb Repairs	$0	$13,650	$0	$13,650	$0	
Restaurant Equipment	$0	$6,350	$0	$6,350	$0	
Bridge Management	$0	$9,420	$0	$9,420	$0	
Grease Trap Installation and Replacement	$0	$42,527	$0	$42,527	$0	
Shoreline Restoration	$0	$40,700	$0	$40,700	$0	
Pool/Spa	$0	$4,690	$0	$4,690	$0	
Golf Course Reserves	$0	$0	$0	$0	$0	
Capital Projects	$450,850	$0	$300,858	$300,858	$0	
Contingencies	$82,200	$0	$82,200	$82,200	$0	
Other Current Charges	$650	$0	$0	$0	$0	
Capital Projects-FY 25						
Golf Course Reserves	$0	$0	$0	$0	$0	
Capital Projects	$0	$0	$0	$0	$312,319	
Contingencies	$0	$0	$0	$0	$223,150	
Other Current Charges	$0	$0	$0	$0	$650	
TOTAL EXPENDITURES	$533,700	$149,992	$383,058	$533,050	$536,119	
						
EXCESS REVENUES	$464,356	$765,552	($375,946)	$389,606	$320,187	

RESERVES	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027	
Beginning Balance	$309,127	$459,669	$389,606	$320,187	$473,187	
Reserves	$455,901	$449,420	$466,200	$400,000	$400,000	
Interest	$18,298	$13,567	$500	$3,000	$3,000	
Expenditures	($323,657)	($533,050)	($536,119)	($250,000)	($250,000)	
Expenditures-Restaurant	$0	$0	$0	$0	$0	
Ending Balance	$459,669	$389,606	$320,187	$473,187	$626,187	

Page 9

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

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
 Description			FY 2024		  3/31/24		  6 Months		  9/30/24			FY 2025		
Revenues						
Special Assessments - Levy	$416,871	$404,857	$13,171	$418,028	$416,871	
Special Assessments - PPMT A-1	$0	$20,423	$0	$20,423	$0	
Special Assessments - PPMT A-2	$0	$0	$0	$0	$0	
Interest Income	$500	$7,724	$7,724	$15,449	$500	
Carry Forward Surplus (1)	$90,783	$113,643	$0	$113,643	$80,793	
TOTAL REVENUES	$508,154	$546,647	$20,895	$567,543	$498,163	

Expenditures
Series 2015A-1
Interest - 11/01	$63,500	$63,500	$0	$63,500	$56,375	
Interest - 05/01	$63,500	$0	$62,125	$62,125	$56,375	
Principal - 05/01	$230,000	$0	$230,000	$230,000	$235,000	
Special Call - 11/01	$0	$55,000	$0	$55,000	$0	
Special Call - 5/01	$0	$0	$25,000	$25,000	$0	

Series 2015A-2 Interest - 11/01	

$10,625	

$10,625	

$0	

$10,625	

$10,000	
Interest - 05/01	$10,625	$0	$10,500	$10,500	$10,000	
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	$0	$0	$0	
TOTAL EXPENDITURES	$398,250	$139,125	$347,625	$486,750	$387,750	
						
EXCESS REVENUES	$109,904	$407,522	($326,730)	$80,793	$110,413	

(1) Carryforward suplus is net of the Reserve Requirement.			
	2015A-1	$50,500	
	2015A-2		$9,500 	
	11/25 Interest	$60,000	

No. of Units	Per Unit	2015A-1	2015A-2	
401	$0.00	$0.00	$0.00	
129	$539.74	$69,626.46	$0.00	
16	$684.62	$10,953.92	$0.00	
256	$765.82	$196,049.92	$0.00	
22	$1,092.43	$0.00	$24,033.46	
61	$1,028.98	$36,219.36	$26,548.42	
77	$977.74	$75,285.98	$0.00	
GC (12)	$9,530.40	$9,530.40	$0.00	
974	$397,666.04	$50,581.88
Discounts/Collection Fees (7%)	  ($27,836.62)	($3,540.73) 
Net Assessment Total	$369,829.42	$47,041.15	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

05/01/24	$ 2,485,000.00	$	230,000.00	$	62,125.00	$	-	
11/01/24	$ 2,255,000.00	$	-	$	56,375.00	$	348,500.00	
05/01/25	$ 2,255,000.00	$	235,000.00	$	56,375.00	$	-	
11/01/25	$ 2,020,000.00	$	-	$	50,500.00	$	341,875.00	
05/01/26	$ 2,020,000.00	$	245,000.00	$	50,500.00	$	-	
11/01/26	$ 1,775,000.00	$	-	$	44,375.00	$	339,875.00	
05/01/27	$ 1,775,000.00	$	260,000.00	$	44,375.00	$	-	
11/01/27	$ 1,515,000.00	$	-	$	37,875.00	$	342,250.00	
05/01/28	$ 1,515,000.00	$	275,000.00	$	37,875.00	$	-	
11/01/28	$ 1,240,000.00	$	-	$	31,000.00	$	343,875.00	
05/01/29	$ 1,240,000.00	$	285,000.00	$	31,000.00	$	-	
11/01/29	$  955,000.00	$	-	$	23,875.00	$	339,875.00	
05/01/30	$  955,000.00	$	300,000.00	$	23,875.00	$	-	
11/01/30	$  655,000.00	$	-	$	16,375.00	$	340,250.00	
05/01/31	$  655,000.00	$	320,000.00	$	16,375.00	$	-	
11/01/31	$  335,000.00	$	-	$	8,375.00	$	344,750.00	
05/01/32	$  335,000.00	$	335,000.00	$	8,375.00	$	343,375.00	

$ 2,485,000.00	$ 599,625.00	$ 3,084,625.00

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

05/01/24	$ 420,000.00	$	20,000.00	$	10,500.00	$	-	
11/01/24	$ 400,000.00	$	-	$	10,000.00	$	40,500.00	
05/01/25	$ 400,000.00	$	20,000.00	$	10,000.00	$	-	
11/01/25	$ 380,000.00	$	-	$	9,500.00	$	39,500.00	
05/01/26	$ 380,000.00	$	25,000.00	$	9,500.00	$	-	
11/01/26	$ 355,000.00	$	-	$	8,875.00	$	43,375.00	
05/01/27	$ 355,000.00	$	25,000.00	$	8,875.00	$	-	
11/01/27	$ 330,000.00	$	-	$	8,250.00	$	42,125.00	
05/01/28	$ 330,000.00	$	25,000.00	$	8,250.00	$	-	
11/01/28	$ 305,000.00	$	-	$	7,625.00	$	40,875.00	
05/01/29	$ 305,000.00	$	30,000.00	$	7,625.00	$	-	
11/01/29	$ 275,000.00	$	-	$	6,875.00	$	44,500.00	
05/01/30	$ 275,000.00	$	30,000.00	$	6,875.00	$	-	
11/01/30	$ 245,000.00	$	-	$	6,125.00	$	43,000.00	
05/01/31	$ 245,000.00	$	30,000.00	$	6,125.00	$	-	
11/01/31	$ 215,000.00	$	-	$	5,375.00	$	41,500.00	
05/01/32	$ 215,000.00	$	30,000.00	$	5,375.00	$	-	
11/01/32	$ 185,000.00	$	-	$	4,625.00	$	40,000.00	
05/01/33	$ 185,000.00	$	35,000.00	$	4,625.00	$	-	
11/01/33	$ 150,000.00	$	-	$	3,750.00	$	43,375.00	
05/01/34	$ 150,000.00	$	35,000.00	$	3,750.00	$	-	
11/01/34	$ 115,000.00	$	-	$	2,875.00	$	41,625.00	
05/01/35	$ 115,000.00	$	35,000.00	$	2,875.00	$	-	
11/01/35	$  80,000.00	$	-	$	2,000.00	$	39,875.00	
05/01/36	$  80,000.00	$	40,000.00	$	2,000.00	$	-	
11/01/36	$  40,000.00	$	-	$	1,000.00	$	43,000.00	
05/01/37	$  40,000.00	$	40,000.00	$	1,000.00	$	41,000.00	

$ 420,000.00	$ 164,250.00	$ 584,250.00