Tradition Community Development Districts #1-10

Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

3-4	FINAL BUDGET-RECAP CDD1-10
5-7	FINAL BUDGET-RECAP FY20 COMPARISON
8-9	FINAL BUDGET-CDD 1
10-11  FINAL BUDGET-CDD 2
12-13  FINAL BUDGET-CDD 3
14-15  FINAL BUDGET-CDD 4
16-17  FINAL BUDGET-CDD 5
18-19  FINAL BUDGET-CDD 6
20-21  FINAL BUDGET-CDD 7
22-23  FINAL BUDGET-CDD 8
24-25  FINAL BUDGET-CDD 9
FINAL BUDGET-CDD 10
FINAL O&M ASSESSMENT RECAP
FINAL DEBT SERVICE BUDGET
FINAL BUDGET- IRRIGATION
FINAL DEBT SERVICE IRRIGATION SERIES 2017 BOND

 	CDD 1	CDD 2		 	CDD 3		 	CDD 4		 	CDD 5		 	CDD 6		 	CDD 7		 	CDD 8		 	CDD 9		 	CDD 10		 	TOTAL		

REVENUES													
ON-ROLL ASSESSMENTS - Debt	54,708	327,469	972,246	983,969	976,935	894,873	171,113	0	0	0	4,381,312	
ON-ROLL ASSESSMENTS - ADMIN	48,719	29,367	28,219	28,034	27,471	27,244	57,225	26,496	21,119	49,980	343,876	
ON-ROLL ASSESSMENTS - MAINT	13,097	78,397	232,759	235,566	233,882	214,236	40,965	0	0	0	1,048,903	
STORMWATER	8,741	52,319	155,335	157,208	156,084	142,973	27,339	0	0	0	700,000	
CARRY OVER FUNDS FROM PRIOR YEAR		 	3,403	 	20,370	 	60,477	 	61,206	 	60,768	 	55,664	 	10,644	 	11,374	 	7,095	 	29,625	 	320,625	
Total Revenues		  $	128,669	  $	507,922	  $	1,449,036	  $	1,465,983	  $	1,455,141	  $	1,334,990	  $	307,285	  $	37,870	  $	28,214	  $	79,606	  $	6,794,715	

EXPENDITURES - ADMIN	
AUDIT 1	

6,500	

5,500	

5,500	

5,500	

5,500	

5,500	

5,500	

5,000	

5,000	

5,500	

55,000	
BANK FEES	4	25	73	74	74	67	92	62	39	161	670	
DISSEMINATION AGENT 2	12	75	222	225	223	204	39	0	0	0	1,000	
DISTRICT COUNSEL	369	2,209	6,557	6,636	6,589	6,035	8,201	5,535	3,453	14,416	60,000	
MANAGEMENT	566	3,389	10,062	10,183	10,111	9,261	12,585	8,493	5,298	22,122	92,070	
ASSESSMENT ROLL	61	368	1,093	1,106	1,098	1,006	1,367	922	575	2,403	10,000	
DUES, LICENSES & FEES 1	175	175	175	175	175	175	175	175	175	175	1,750	
ENGINEERING	307	1,840	5,464	5,530	5,491	5,029	6,835	4,612	2,877	12,014	50,000	
GENERAL INSURANCE 1	28,000	10,500	7,800	7,600	7,100	7,100	5,300	5,300	5,300	5,300	89,300	
WEB SITE MAINTENANCE 1	750	750	750	750	750	750	750	750	750	750	7,500	
LEGAL ADVERTISING	40	239	710	719	714	654	888	600	374	1,562	6,500	
MISCELLANEOUS	6	37	109	111	110	101	137	92	58	240	1,000	
MEETING ROOM	20	121	361	365	362	332	451	304	190	793	3,300	
TRAVEL AND PER DIEM	25	147	437	442	439	402	547	369	230	961	4,000	
OFFICE SUPPLIES	15	92	273	277	275	251	342	231	144	601	2,500	
POSTAGE & SHIPPING	1	4	11	11	11	10	14	9	6	24	100	
COPIES	28	166	492	498	494	453	615	415	259	1,081	4,500	
SUPERVISOR FEES1	9,257	9,257	9,257	9,257	9,257	9,257	9,257	0	0	0	64,800	
TELEPHONE	19	115	343	347	344	315	429	289	180	753	3,135	
TRUSTEE SERVICES 2	175	1,046	3,107	3,144	3,122	2,859	547	0	0	0	14,000	
OFFICE RENT	142	850	2,525	2,555	2,537	2,324	3,158	2,131	1,329	5,550	23,100	
CONTINUING DISCLOSURE FEE2	19	112	333	337	334	306	59	0	0	0	1,500	
CONTINGENCY - ADMIN	31	184	546	553	549	503	683	461	288	1,201	5,000	
TOTAL ADMINISTRATIVE EXPENSES	46,523	37,202	56,200	56,395	55,658	52,896	57,969	35,750	26,524	75,607	500,725	

TRADITION COMMUNITY DEVELOPMENT DISTRICTS #1-10 FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

 	CDD 1	CDD 2		 	CDD 3		 	CDD 4		 	CDD 5		 	CDD 6		 	CDD 7		 	CDD 8		 	CDD 9		 	CDD 10		 	TOTAL		
EXPENDITURES - MAINTENANCE																								
LAKE MAINTENANCE		1,811		10,838		32,177		32,565		32,332		29,616		5,663		0		0		0		145,000	
BEEP OPERATIONS		0		0		0		0		0		0		0		0		0		0		1	
BUILDING, BRIDGE, MONUMENT MAINTENANCE		125		747		2,219		2,246		2,230		2,042		391		0		0		0		10,000	
CONTINGENCY - MAINTENANCE		375		2,242		6,657		6,737		6,689		6,127		1,172		0		0		0		30,000	
COMMUNITY AREA MAINTENANCE		499		2,990		8,876		8,983		8,919		8,170		1,562		0		0		0		40,000	
DEVLOPMENT COORDINATOR		730		4,372		12,982		13,138		13,044		11,948		2,285		0		0		0		58,500	
PAINTING		62		374		1,110		1,123		1,115		1,021		195		0		0		0		5,000	
FENCE MAINTENANCE		37		224		666		674		669		613		117		0		0		0		3,000	
ELECTRIC		749		4,485		13,314		13,475		13,379		12,255		2,343		0		0		0		60,000	
ENGINEERING		1,249		7,474		22,191		22,458		22,298		20,425		3,906		0		0		0		100,000	
FIELD MANAGEMENT		2,363		14,145		41,997		42,503		42,200		38,655		7,391		0		0		0		189,255	
FOUNTAIN MAINTENANCE & CHEMICALS		499		2,990		8,876		8,983		8,919		8,170		1,562		0		0		0		40,000	
LANDSCAPING MAINTENANCE & MATERIALS		8,891		53,216		157,998		159,903		158,760		145,424		27,807		0		0		0		712,000	
IRRIGATION		1,873		11,211		33,286		33,687		33,447		30,637		5,858		0		0		0		150,000	
IRRIGATION PARTS & REPAIRS		312		1,869		5,548		5,615		5,574		5,106		976		0		0		0		25,000	
PEST CONTROL		81		486		1,442		1,460		1,449		1,328		254		0		0		0		6,500	
ROAD REPAIR		0		0		0		0		0		0		0		0		0		0		0	
SECURITY		524		3,139		9,320		9,432		9,365		8,578		1,640		0		0		0		42,000	
SIDEWALK CLEANING		250		1,495		4,438		4,492		4,460		4,085		781		0		0		0		20,000	
SIDEWALK REPAIR		125		747		2,219		2,246		2,230		2,042		391		0		0		0		10,000	
SIGNAGE		125		747		2,219		2,246		2,230		2,042		391		0		0		0		10,000	
STREETLIGHTS		562		3,363		9,986		10,106		10,034		9,191		1,757		0		0		0		45,000	
STORMWATER MANAGEMENT		75		448		1,331		1,347		1,338		1,225		234		0		0		0		6,000	
TREE/PLANT REPLACEMENT & TRIM		1,124		6,727		19,972		20,212		20,068		18,382		3,515		0		0		0		90,000	
WETLAND UPLAND MAINTENANCE		50		299		888		898		892		817		156		0		0		0		4,000	
TOTAL MAINTENANCE EXPENSES		22,492		134,630		399,712		404,532		401,640		367,902		70,348		0		0		0		1,801,256	
																							
Total Expenditures			  $	69,015		  $	171,832		  $	455,912		  $	460,926		  $	457,298		  $	420,799		  $	128,317		  $	35,750		  $	26,524		  $	75,607		  $	2,301,981	
EXCESS / (SHORTFALL)			  $	59,654		  $	336,090		  $	993,124		  $	1,005,057		  $	997,843		  $	914,191		  $	178,968		   $	2,120		   $	1,689		   $	3,998		  $	4,492,734	

PAYMENTS TO TRUSTEE		
(50,332)		
(301,271)		
(894,466)		
(905,251)		
(898,780)		
(823,283)		
(157,424)		
0		
0		
0		
(4,030,807)	
BALANCE			  $	9,322		  $	34,819		  $	98,658		  $	99,806		  $	99,063		  $	90,908		  $	21,544		  $	2,120		  $	1,689		  $	3,998		  $	461,927	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(4,661)		
(17,409)		
(49,329)		
(49,903)		
(49,532)		
(45,454)		
(10,772)		
(1,060)		
(845)		
(1,999)		
(230,964)	
DISCOUNTS FOR EARLY PAYMENTS		(4,661)		(17,409)		(49,329)		(49,903)		(49,532)		(45,454)		(10,772)		(1,060)		(845)		(1,999)		(230,964)	
NET EXCESS / (SHORTFALL)			  $	-			  $	-			  $	-			  $	-			  $	-			  $	-			  $	-			  $	-			  $	-			  $	-			  $	-		
1 - District Specific Expense 2 - Pertains only to 2003 Area																							

	FISCAL YEAR		FISCAL YEAR		
	2019/2020		2020/2021		
	 	ANNUAL BUDGET			 	FINAL BUDGET			COMMENTS		
REVENUES	
ON-ROLL ASSESSMENTS - Debt		
4,471,692		
4,381,312			
ON-ROLL ASSESSMENTS - ADMIN		1,403,641		343,876			
ON-ROLL ASSESSMENTS - MAINT		Incl Above		1,048,903			
STORMWATER		660,000		700,000		Based on FY19-20 revenue	
CARRY OVER FUNDS FROM PRIOR YEAR		213,750		320,625		Carryover used - maintain Assessment Rates	
Total Revenues		$	6,749,083		$	6,794,715			

EXPENDITURES - ADMIN	
AUDIT 1		
55,000		
55,000			
BANK FEES		670		670			
DISSEMINATION AGENT 2		1,000		1,000			
DISTRICT COUNSEL		60,000		60,000			
MANAGEMENT		100,000		92,070		Assessment Roll moved below. Increase by CPI per Contract	
ASSESSMENT ROLL		0		10,000		Per Contract - Moved from Management Line Item	
DUES, LICENSES & FEES 1		1,750		1,750			
ENGINEERING		30,000		50,000		Based on FY20 Costs	
GENERAL INSURANCE 1		75,000		89,300		Based on FY19-20 premiums	
WEB SITE MAINTENANCE 1		7,500		7,500			
LEGAL ADVERTISING		6,500		6,500			
MISCELLANEOUS		300		1,000		Based on FY20 Costs	
MEETING ROOM		3,300		3,300			
TRAVEL AND PER DIEM		4,000		4,000			
OFFICE SUPPLIES		100		2,500		Based on FY20 Costs	
POSTAGE & SHIPPING		1,000		100		Based on FY20 Costs	
COPIES		5,000		4,500		Based on FY20 Costs	
SUPERVISOR FEES1		64,800		64,800			
TELEPHONE		0		3,135		Based on FY19-20 costs	
TRUSTEE SERVICES 2		12,000		14,000			
OFFICE RENT		23,100		23,100		Includes Continuing Disclosure Costs	
CONTINUING DISCLOSURE FEE2		0		1,500			
CONTINGENCY - ADMIN		0		5,000		Based on FY20 Consulting Costs	
IMPACT FEE ADMINISTRATION		25,000		0			
TOTAL ADMIN EXPENSES		476,020		500,725			

FISCAL YEAR	FISCAL YEAR
2019/2020	2020/2021
 	ANNUAL BUDGET		 	FINAL BUDGET		COMMENTS	

EXPENDITURES - MAINT

LAKE MAINTENANCE	142,580	145,000	Assumes all lakes under contract BEEP OPERATIONS		0		1	BEEP Shuttles
BUILDING, BRIDGE, MONUMENT MAINTENAN	45,000	10,000	Based on FY19 Costs CONTINGENCY - MAINTENANCE	30,000	30,000
COMMUNITY AREA MAINTENANCE	50,000	40,000	Based on FY19 Costs
DEVLOPMENT COORDINATOR		0	58,500	Splits time between Tradition Stormwater and Irrigation PAINTING	5,000		5,000
FENCE MAINTENANCE	10,000	3,000	Based on FY19 Costs
ELECTRIC	60,000	60,000
ENGINEERING	30,000	100,000	Based on FY20 Costs
FIELD MANAGEMENT	185,000	189,255	CPI Adjustment per Contract
FOUNTAIN MAINTENANCE & CHEMICALS	40,000	40,000
LANDSCAPING MAINTENANCE & MATERIALS	663,000	712,000	Maintenance + Mulch
IRRIGATION	145,000	150,000	Rate increase
IRRIGATION PARTS & REPAIRS	65,000	25,000	Based on FY19-20 costs
PEST CONTROL	3,500	6,500	Based on FY19 Costs ROAD REPAIR		0		0
SECURITY	50,000	42,000	PSLPD Contract
SIDEWALK CLEANING	20,000	20,000
SIDEWALK REPAIR	10,000	10,000	Begin Sidewalk Repair Program
SIGNAGE	10,000	10,000
STREETLIGHTS	25,000	45,000	Based on FY19-20 costs
STORMWATER MANAGEMENT	6,000	6,000
TREE/PLANT REPLACEMENT & TRIM	90,000	90,000
WETLAND UPLAND MAINTENANCE	4,000	4,000

TOTAL MAINTENANCE EXPENSES	1,689,080	1,801,256

 	 	

Total Expenditures

$	2,165,100	$

2,301,981

FISCAL YEAR	FISCAL YEAR
2019/2020	2020/2021
 	ANNUAL BUDGET		 	FINAL BUDGET		COMMENTS	

 	 	

EXCESS / (SHORTFALL)

$	4,583,983	$

4,492,734

PAYMENT TO TRUSTEE	(4,113,956)	(4,030,807)

BALANCE

$	470,027	$

461,927

COUNTY APPRAISER & TAX COLLECTOR FEE	(235,013)	(230,964)
DISCOUNTS FOR EARLY PAYMENTS	(235,013)	(230,964)

NET EXCESS / (SHORTFALL)	$	-	$	-
 	 	
1 - District Specific Expense  2 - Pertains only to 2003 Area

	FISCAL YEAR		FISCAL YEAR	
	2019/2020		2020/2021	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		56,209		54,708	
ON-ROLL ASSESSMENTS - ADMIN		30,280		48,719	
ON-ROLL ASSESSMENTS - MAINT		Incl Above		13,097	
STORMWATER		8,296		8,741	
CARRY OVER FUNDS FROM PRIOR YEAR		2,687		3,403	
Total Revenues		$	97,472		$	128,669	
EXPENDITURES - ADMIN					
AUDIT 1		6,500		6,500	
BANK FEES		8		4	
DISSEMINATION AGENT 2		13		12	
DISTRICT COUNSEL		369		369	
MANAGEMENT		616		566	
ASSESSMENT ROLL		0		61	
DUES, LICENSES & FEES 1		175		175	
ENGINEERING		185		307	
GENERAL INSURANCE 1		7,581		28,000	
WEB SITE MAINTENANCE 1		750		750	
LEGAL ADVERTISING		40		40	
MISCELLANEOUS		2		6	
MEETING ROOM		20		20	
TRAVEL AND PER DIEM		50		25	
OFFICE SUPPLIES		1		15	
POSTAGE & SHIPPING		6		1	
COPIES		31		28	
SUPERVISOR FEES1		815		9,257	
TELEPHONE		0		19	
TRUSTEE SERVICES 2		151		175	
OFFICE RENT		142		142	
CONTINUING DISCLOSURE FEE2		0		19	
CONTINGENCY - ADMIN		0		31	
IMPACT FEE ADMINISTRATION		154		0	
TOTAL ADMIN EXPENSES		17,609		46,523	

EXPENDITURES - MAINT		
LAKE MAINTENANCE		1,792			1,811	
BEEP OPERATIONS		0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		566			125	
CONTINGENCY - MAINTENANCE		377			375	
COMMUNITY AREA MAINTENANCE		629			499	
DEVLOPMENT COORDINATOR		0			730	
PAINTING		63			62	
FENCE MAINTENANCE		126			37	
ELECTRIC		754			749	
ENGINEERING		377			1,249	
FIELD MANAGEMENT		2,325			2,363	
FOUNTAIN MAINTENANCE & CHEMICALS		503			499	
LANDSCAPING MAINTENANCE & MATERIALS		8,334			8,891	
IRRIGATION		1,823			1,873	
IRRIGATION PARTS & REPAIRS		817			312	
PEST CONTROL		44			81	
ROAD REPAIR		0			0	
SECURITY		629			524	
SIDEWALK CLEANING		251			250	
SIDEWALK REPAIR		126			125	
SIGNAGE		126			125	
STREETLIGHTS		314			562	
STORMWATER MANAGEMENT		75			75	
TREE/PLANT REPLACEMENT & TRIM		1,131			1,124	
WETLAND UPLAND MAINTENANCE		50			50	
TOTAL MAINTENANCE EXPENSES		21,232			22,492	

						
Total Expenditures	$	38,841		$	69,015	

						
EXCESS / (SHORTFALL)	$	58,631		$	59,654	

PAYMENT TO TRUSTEE		
(51,712)			
(50,332)	

BALANCE	$	6,919		$	9,322	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(3,460)			
(4,661)	
DISCOUNTS FOR EARLY PAYMENTS		(3,460)			(4,661)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

1 - District Specific Expense						
2 - Pertains only to 2003 Area						

	FISCAL YEAR		FISCAL YEAR	
	2019/2020		2020/2021	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		380,767		327,469	
ON-ROLL ASSESSMENTS - ADMIN		110,861		29,367	
ON-ROLL ASSESSMENTS - MAINT		Incl Above		78,397	
STORMWATER		56,199		52,319	
CARRY OVER FUNDS FROM PRIOR YEAR		18,201		20,370	
Total Revenues		$	566,028		$	507,922	

EXPENDITURES - ADMIN					
AUDIT 1		5,500		5,500	
BANK FEES		57		25	
DISSEMINATION AGENT 2		85		75	
DISTRICT COUNSEL		2,503		2,209	
MANAGEMENT		4,171		3,389	
ASSESSMENT ROLL		0		368	
DUES, LICENSES & FEES 1		175		175	
ENGINEERING		1,251		1,840	
GENERAL INSURANCE 1		8,511		10,500	
WEB SITE MAINTENANCE 1		750		750	
LEGAL ADVERTISING		271		239	
MISCELLANEOUS		13		37	
MEETING ROOM		138		121	
TRAVEL AND PER DIEM		341		147	
OFFICE SUPPLIES		4		92	
POSTAGE & SHIPPING		42		4	
COPIES		209		166	
SUPERVISOR FEES1		5,518		9,257	
TELEPHONE		0		115	
TRUSTEE SERVICES 2		1,022		1,046	
OFFICE RENT		964		850	
CONTINUING DISCLOSURE FEE2		0		112	
CONTINGENCY - ADMIN		0		184	
IMPACT FEE ADMINISTRATION		1,043		0	
TOTAL ADMIN EXPENSES		32,566		37,202	

EXPENDITURES - MAINT		
LAKE MAINTENANCE		12,141			10,838	
BEEP OPERATIONS		0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		3,832			747	
CONTINGENCY - MAINTENANCE		2,555			2,242	
COMMUNITY AREA MAINTENANCE		4,258			2,990	
DEVLOPMENT COORDINATOR		0			4,372	
PAINTING		426			374	
FENCE MAINTENANCE		852			224	
ELECTRIC		5,109			4,485	
ENGINEERING		2,555			7,474	
FIELD MANAGEMENT		15,753			14,145	
FOUNTAIN MAINTENANCE & CHEMICALS		3,406			2,990	
LANDSCAPING MAINTENANCE & MATERIALS		56,455			53,216	
IRRIGATION		12,347			11,211	
IRRIGATION PARTS & REPAIRS		5,535			1,869	
PEST CONTROL		298			486	
ROAD REPAIR		0			0	
SECURITY		4,258			3,139	
SIDEWALK CLEANING		1,703			1,495	
SIDEWALK REPAIR		852			747	
SIGNAGE		852			747	
STREETLIGHTS		2,129			3,363	
STORMWATER MANAGEMENT		511			448	
TREE/PLANT REPLACEMENT & TRIM		7,664			6,727	
WETLAND UPLAND MAINTENANCE		341			299	
TOTAL MAINTENANCE EXPENSES		143,826			134,630	

						
Total Expenditures	$	176,392		$	171,832	

						
EXCESS / (SHORTFALL)	$	389,636		$	336,090	

PAYMENT TO TRUSTEE		
(350,306)			
(301,271)	

BALANCE	$	39,330		$	34,819	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(19,665)			
(17,409)	
DISCOUNTS FOR EARLY PAYMENTS		(19,665)			(17,409)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

1 - District Specific Expense						
2 - Pertains only to 2003 Area						

	FISCAL YEAR		FISCAL YEAR	
	2019/2020		2020/2021	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		981,602		972,246	
ON-ROLL ASSESSMENTS - ADMIN		258,588		28,219	
ON-ROLL ASSESSMENTS - MAINT		Incl Above		232,759	
STORMWATER		144,880		155,335	
CARRY OVER FUNDS FROM PRIOR YEAR		46,921		60,477	
Total Revenues		$	1,431,991		$	1,449,036	

EXPENDITURES - ADMIN					
AUDIT 1		5,500		5,500	
BANK FEES		147		73	
DISSEMINATION AGENT 2		220		222	
DISTRICT COUNSEL		6,452		6,557	
MANAGEMENT		10,753		10,062	
ASSESSMENT ROLL		0		1,093	
DUES, LICENSES & FEES 1		175		175	
ENGINEERING		3,226		5,464	
GENERAL INSURANCE 1		7,050		7,800	
WEB SITE MAINTENANCE 1		750		750	
LEGAL ADVERTISING		699		710	
MISCELLANEOUS		32		109	
MEETING ROOM		355		361	
TRAVEL AND PER DIEM		878		437	
OFFICE SUPPLIES		11		273	
POSTAGE & SHIPPING		108		11	
COPIES		538		492	
SUPERVISOR FEES1		14,225		9,257	
TELEPHONE		0		343	
TRUSTEE SERVICES 2		2,634		3,107	
OFFICE RENT		2,484		2,525	
CONTINUING DISCLOSURE FEE2		0		333	
CONTINGENCY - ADMIN		0		546	
IMPACT FEE ADMINISTRATION		2,688		0	
TOTAL ADMIN EXPENSES		58,924		56,200	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	31,298			32,177	
BEEP OPERATIONS	0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC	9,878			2,219	
CONTINGENCY - MAINTENANCE	6,585			6,657	
COMMUNITY AREA MAINTENANCE	10,976			8,876	
DEVLOPMENT COORDINATOR	0			12,982	
PAINTING	1,098			1,110	
FENCE MAINTENANCE	2,195			666	
ELECTRIC	13,171			13,314	
ENGINEERING	6,585			22,191	
FIELD MANAGEMENT	40,610			41,997	
FOUNTAIN MAINTENANCE & CHEMICALS	8,781			8,876	
LANDSCAPING MAINTENANCE & MATERIALS	145,538			157,998	
IRRIGATION	31,830			33,286	
IRRIGATION PARTS & REPAIRS	14,268			5,548	
PEST CONTROL	768			1,442	
ROAD REPAIR	0			0	
SECURITY	10,976			9,320	
SIDEWALK CLEANING	4,390			4,438	
SIDEWALK REPAIR	2,195			2,219	
SIGNAGE	2,195			2,219	
STREETLIGHTS	5,488			9,986	
STORMWATER MANAGEMENT	1,317			1,331	
TREE/PLANT REPLACEMENT & TRIM	19,756			19,972	
WETLAND UPLAND MAINTENANCE	878			888	
TOTAL MAINTENANCE EXPENSES	370,778			399,712	

					
Total Expenditures	$	429,702		$	455,912	

					
EXCESS / (SHORTFALL)	$	1,002,289		$	993,124	

PAYMENT TO TRUSTEE	
(903,074)			
(894,466)	

BALANCE	$	99,215		$	98,658	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(49,608)			
(49,329)	
DISCOUNTS FOR EARLY PAYMENTS	(49,608)			(49,329)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

1 - District Specific Expense					
2 - Pertains only to 2003 Area					

	FISCAL YEAR		FISCAL YEAR	
	2019/2020		2020/2021	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		980,829		983,969	
ON-ROLL ASSESSMENTS - ADMIN		258,274		28,034	
ON-ROLL ASSESSMENTS - MAINT		Incl Above		235,566	
STORMWATER		144,766		157,208	
CARRY OVER FUNDS FROM PRIOR YEAR		46,884		61,206	
Total Revenues		$	1,430,753		$	1,465,983	

EXPENDITURES - ADMIN					
AUDIT 1		5,500		5,500	
BANK FEES		147		74	
DISSEMINATION AGENT 2		219		225	
DISTRICT COUNSEL		6,447		6,636	
MANAGEMENT		10,745		10,183	
ASSESSMENT ROLL		0		1,106	
DUES, LICENSES & FEES 1		175		175	
ENGINEERING		3,223		5,530	
GENERAL INSURANCE 1		6,938		7,600	
WEB SITE MAINTENANCE 1		750		750	
LEGAL ADVERTISING		698		719	
MISCELLANEOUS		32		111	
MEETING ROOM		355		365	
TRAVEL AND PER DIEM		877		442	
OFFICE SUPPLIES		11		277	
POSTAGE & SHIPPING		107		11	
COPIES		537		498	
SUPERVISOR FEES1		14,213		9,257	
TELEPHONE		0		347	
TRUSTEE SERVICES 2		2,632		3,144	
OFFICE RENT		2,482		2,555	
CONTINUING DISCLOSURE FEE2		0		337	
CONTINGENCY - ADMIN		0		553	
IMPACT FEE ADMINISTRATION		2,686		0	
TOTAL ADMIN EXPENSES		58,777		56,395	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	31,274		32,565	
BEEP OPERATIONS	0		0	
BUILDING, BRIDGE, MONUMENT MAINTENANC	9,870		2,246	
CONTINGENCY - MAINTENANCE	6,580		6,737	
COMMUNITY AREA MAINTENANCE	10,967		8,983	
DEVLOPMENT COORDINATOR	0		13,138	
PAINTING	1,097		1,123	
FENCE MAINTENANCE	2,193		674	
ELECTRIC	13,161		13,475	
ENGINEERING	6,580		22,458	
FIELD MANAGEMENT	40,578		42,503	
FOUNTAIN MAINTENANCE & CHEMICALS	8,774		8,983	
LANDSCAPING MAINTENANCE & MATERIALS	145,424		159,903	
IRRIGATION	31,805		33,687	
IRRIGATION PARTS & REPAIRS	14,257		5,615	
PEST CONTROL	768		1,460	
ROAD REPAIR	0		0	
SECURITY	10,967		9,432	
SIDEWALK CLEANING	4,387		4,492	
SIDEWALK REPAIR	2,193		2,246	
SIGNAGE	2,193		2,246	
STREETLIGHTS	5,484		10,106	
STORMWATER MANAGEMENT	1,316		1,347	
TREE/PLANT REPLACEMENT & TRIM	19,740		20,212	
WETLAND UPLAND MAINTENANCE	877		898	
TOTAL MAINTENANCE EXPENSES	370,485		404,532	

				
Total Expenditures	$	429,262		$	460,926	

				
EXCESS / (SHORTFALL)	$	1,001,491		$	1,005,057	

PAYMENT TO TRUSTEE	
(902,363)		
(905,251)	

BALANCE	$	99,128		$	99,806	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(49,564)		
(49,903)	
DISCOUNTS FOR EARLY PAYMENTS	(49,564)		(49,903)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

1 - District Specific Expense				
2 - Pertains only to 2003 Area				

	FISCAL YEAR		FISCAL YEAR	
	2019/2020		2020/2021	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		972,037		976,935	
ON-ROLL ASSESSMENTS - ADMIN		255,567		27,471	
ON-ROLL ASSESSMENTS - MAINT		Incl Above		233,882	
STORMWATER		143,468		156,084	
CARRY OVER FUNDS FROM PRIOR YEAR		46,464		60,768	
Total Revenues		$	1,417,535		$	1,455,141	

EXPENDITURES - ADMIN					
AUDIT 1		5,500		5,500	
BANK FEES		146		74	
DISSEMINATION AGENT 2		217		223	
DISTRICT COUNSEL		6,389		6,589	
MANAGEMENT		10,649		10,111	
ASSESSMENT ROLL		0		1,098	
DUES, LICENSES & FEES 1		175		175	
ENGINEERING		3,195		5,491	
GENERAL INSURANCE 1		6,457		7,100	
WEB SITE MAINTENANCE 1		750		750	
LEGAL ADVERTISING		692		714	
MISCELLANEOUS		32		110	
MEETING ROOM		351		362	
TRAVEL AND PER DIEM		870		439	
OFFICE SUPPLIES		11		275	
POSTAGE & SHIPPING		106		11	
COPIES		532		494	
SUPERVISOR FEES1		14,086		9,257	
TELEPHONE		0		344	
TRUSTEE SERVICES 2		2,609		3,122	
OFFICE RENT		2,460		2,537	
CONTINUING DISCLOSURE FEE2		0		334	
CONTINGENCY - ADMIN		0		549	
IMPACT FEE ADMINISTRATION		2,662		0	
TOTAL ADMIN EXPENSES		57,888		55,658	

EXPENDITURES - MAINT		
LAKE MAINTENANCE		30,993			32,332	
BEEP OPERATIONS		0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		9,782			2,230	
CONTINGENCY - MAINTENANCE		6,521			6,689	
COMMUNITY AREA MAINTENANCE		10,869			8,919	
DEVLOPMENT COORDINATOR		0			13,044	
PAINTING		1,087			1,115	
FENCE MAINTENANCE		2,174			669	
ELECTRIC		13,043			13,379	
ENGINEERING		6,521			22,298	
FIELD MANAGEMENT		40,214			42,200	
FOUNTAIN MAINTENANCE & CHEMICALS		8,695			8,919	
LANDSCAPING MAINTENANCE & MATERIALS		144,120			158,760	
IRRIGATION		31,519			33,447	
IRRIGATION PARTS & REPAIRS		14,129			5,574	
PEST CONTROL		761			1,449	
ROAD REPAIR		0			0	
SECURITY		10,869			9,365	
SIDEWALK CLEANING		4,348			4,460	
SIDEWALK REPAIR		2,174			2,230	
SIGNAGE		2,174			2,230	
STREETLIGHTS		5,434			10,034	
STORMWATER MANAGEMENT		1,304			1,338	
TREE/PLANT REPLACEMENT & TRIM		19,564			20,068	
WETLAND UPLAND MAINTENANCE		870			892	
TOTAL MAINTENANCE EXPENSES		367,165			401,640	

						
Total Expenditures	$	425,053		$	457,298	

						
EXCESS / (SHORTFALL)	$	992,482		$	997,843	

PAYMENT TO TRUSTEE		
(894,274)			
(898,780)	

BALANCE	$	98,208		$	99,063	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(49,104)			
(49,532)	
DISCOUNTS FOR EARLY PAYMENTS		(49,104)			(49,532)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

1 - District Specific Expense						
2 - Pertains only to 2003 Area						

	FISCAL YEAR		FISCAL YEAR	
	2019/2020		2020/2021	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		922,871		894,873	
ON-ROLL ASSESSMENTS - ADMIN		243,355		27,244	
ON-ROLL ASSESSMENTS - MAINT		Incl Above		214,236	
STORMWATER		136,211		142,973	
CARRY OVER FUNDS FROM PRIOR YEAR		44,114		55,664	
Total Revenues		$	1,346,551		$	1,334,990	

EXPENDITURES - ADMIN					
AUDIT 1		5,500		5,500	
BANK FEES		138		67	
DISSEMINATION AGENT 2		206		204	
DISTRICT COUNSEL		6,066		6,035	
MANAGEMENT		10,110		9,261	
ASSESSMENT ROLL		0		1,006	
DUES, LICENSES & FEES 1		175		175	
ENGINEERING		3,033		5,029	
GENERAL INSURANCE 1		6,463		7,100	
WEB SITE MAINTENANCE 1		750		750	
LEGAL ADVERTISING		657		654	
MISCELLANEOUS		30		101	
MEETING ROOM		334		332	
TRAVEL AND PER DIEM		826		402	
OFFICE SUPPLIES		10		251	
POSTAGE & SHIPPING		101		10	
COPIES		506		453	
SUPERVISOR FEES1		13,373		9,257	
TELEPHONE		0		315	
TRUSTEE SERVICES 2		2,477		2,859	
OFFICE RENT		2,335		2,324	
CONTINUING DISCLOSURE FEE2		0		306	
CONTINGENCY - ADMIN		0		503	
IMPACT FEE ADMINISTRATION		2,528		0	
TOTAL ADMIN EXPENSES		55,618		52,896	

EXPENDITURES - MAINT		
LAKE MAINTENANCE		29,426			29,616	
BEEP OPERATIONS		0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		9,287			2,042	
CONTINGENCY - MAINTENANCE		6,191			6,127	
COMMUNITY AREA MAINTENANCE		10,319			8,170	
DEVLOPMENT COORDINATOR		0			11,948	
PAINTING		1,032			1,021	
FENCE MAINTENANCE		2,064			613	
ELECTRIC		12,383			12,255	
ENGINEERING		6,191			20,425	
FIELD MANAGEMENT		38,180			38,655	
FOUNTAIN MAINTENANCE & CHEMICALS		8,255			8,170	
LANDSCAPING MAINTENANCE & MATERIALS		136,830			145,424	
IRRIGATION		29,925			30,637	
IRRIGATION PARTS & REPAIRS		13,415			5,106	
PEST CONTROL		722			1,328	
ROAD REPAIR		0			0	
SECURITY		10,319			8,578	
SIDEWALK CLEANING		4,128			4,085	
SIDEWALK REPAIR		2,064			2,042	
SIGNAGE		2,064			2,042	
STREETLIGHTS		5,160			9,191	
STORMWATER MANAGEMENT		1,238			1,225	
TREE/PLANT REPLACEMENT & TRIM		18,574			18,382	
WETLAND UPLAND MAINTENANCE		826			817	
TOTAL MAINTENANCE EXPENSES		348,593			367,902	

						
Total Expenditures	$	404,211		$	420,799	

						
EXCESS / (SHORTFALL)	$	942,340		$	914,191	

PAYMENT TO TRUSTEE		
(849,041)			
(823,283)	

BALANCE	$	93,299		$	90,908	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(46,649)			
(45,454)	
DISCOUNTS FOR EARLY PAYMENTS		(46,649)			(45,454)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

1 - District Specific Expense						
2 - Pertains only to 2003 Area						

	FISCAL YEAR		FISCAL YEAR	
	2019/2020		2020/2021	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		177,376		171,113	
ON-ROLL ASSESSMENTS - ADMIN		92,398		57,225	
ON-ROLL ASSESSMENTS - MAINT		Incl Above		40,965	
STORMWATER		26,180		27,339	
CARRY OVER FUNDS FROM PRIOR YEAR		8,479		10,644	
Total Revenues		$	304,433		$	307,285	

EXPENDITURES - ADMIN					
AUDIT 1		5,500		5,500	
BANK FEES		27		92	
DISSEMINATION AGENT 2		40		39	
DISTRICT COUNSEL		8,250		8,201	
MANAGEMENT		13,751		12,585	
ASSESSMENT ROLL		0		1,367	
DUES, LICENSES & FEES 1		175		175	
ENGINEERING		4,125		6,835	
GENERAL INSURANCE 1		8,000		5,300	
WEB SITE MAINTENANCE 1		750		750	
LEGAL ADVERTISING		894		888	
MISCELLANEOUS		41		137	
MEETING ROOM		454		451	
TRAVEL AND PER DIEM		159		547	
OFFICE SUPPLIES		14		342	
POSTAGE & SHIPPING		138		14	
COPIES		688		615	
SUPERVISOR FEES1		2,570		9,257	
TELEPHONE		0		429	
TRUSTEE SERVICES 2		476		547	
OFFICE RENT		3,176		3,158	
CONTINUING DISCLOSURE FEE2		0		59	
CONTINGENCY - ADMIN		0		683	
IMPACT FEE ADMINISTRATION		3,438		0	
TOTAL ADMIN EXPENSES		52,664		57,969	

EXPENDITURES - MAINT		
LAKE MAINTENANCE		5,656			5,663	
BEEP OPERATIONS		0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		1,785			391	
CONTINGENCY - MAINTENANCE		1,190			1,172	
COMMUNITY AREA MAINTENANCE		1,983			1,562	
DEVLOPMENT COORDINATOR		0			2,285	
PAINTING		198			195	
FENCE MAINTENANCE		397			117	
ELECTRIC		2,380			2,343	
ENGINEERING		1,190			3,906	
FIELD MANAGEMENT		7,338			7,391	
FOUNTAIN MAINTENANCE & CHEMICALS		1,587			1,562	
LANDSCAPING MAINTENANCE & MATERIALS		26,299			27,807	
IRRIGATION		5,752			5,858	
IRRIGATION PARTS & REPAIRS		2,578			976	
PEST CONTROL		139			254	
ROAD REPAIR		0			0	
SECURITY		1,983			1,640	
SIDEWALK CLEANING		793			781	
SIDEWALK REPAIR		397			391	
SIGNAGE		397			391	
STREETLIGHTS		992			1,757	
STORMWATER MANAGEMENT		238			234	
TREE/PLANT REPLACEMENT & TRIM		3,570			3,515	
WETLAND UPLAND MAINTENANCE		159			156	
TOTAL MAINTENANCE EXPENSES		67,000			70,348	

						
Total Expenditures	$	119,664		$	128,317	

						
EXCESS / (SHORTFALL)	$	184,769		$	178,968	

PAYMENT TO TRUSTEE		
(163,186)			
(157,424)	

BALANCE	$	21,582		$	21,544	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(10,791)			
(10,772)	
DISCOUNTS FOR EARLY PAYMENTS		(10,791)			(10,772)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

1 - District Specific Expense						
2 - Pertains only to 2003 Area						

	FISCAL YEAR		FISCAL YEAR	
	2019/2020		2020/2021	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		0		0	
ON-ROLL ASSESSMENTS - ADMIN		40,763		26,496	
ON-ROLL ASSESSMENTS - MAINT		Incl Above		0	
STORMWATER		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		11,374	
Total Revenues		$	40,763		$	37,870	

EXPENDITURES - ADMIN					
AUDIT 1		5,000		5,000	
BANK FEES		0		62	
DISSEMINATION AGENT 2		0		0	
DISTRICT COUNSEL		5,563		5,535	
MANAGEMENT		9,271		8,493	
ASSESSMENT ROLL		0		922	
DUES, LICENSES & FEES 1		175		175	
ENGINEERING		2,781		4,612	
GENERAL INSURANCE 1		8,000		5,300	
WEB SITE MAINTENANCE 1		750		750	
LEGAL ADVERTISING		603		600	
MISCELLANEOUS		28		92	
MEETING ROOM		306		304	
TRAVEL AND PER DIEM		0		369	
OFFICE SUPPLIES		9		231	
POSTAGE & SHIPPING		93		9	
COPIES		464		415	
SUPERVISOR FEES1		0		0	
TELEPHONE		0		289	
TRUSTEE SERVICES 2		0		0	
OFFICE RENT		2,142		2,131	
CONTINUING DISCLOSURE FEE2		0		0	
CONTINGENCY - ADMIN		0		461	
IMPACT FEE ADMINISTRATION		2,318		0	
TOTAL ADMIN EXPENSES		37,502		35,750	

EXPENDITURES - MAINT		
LAKE MAINTENANCE		0			0	
BEEP OPERATIONS		0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		0			0	
CONTINGENCY - MAINTENANCE		0			0	
COMMUNITY AREA MAINTENANCE		0			0	
DEVLOPMENT COORDINATOR		0			0	
PAINTING		0			0	
FENCE MAINTENANCE		0			0	
ELECTRIC		0			0	
ENGINEERING		0			0	
FIELD MANAGEMENT		0			0	
FOUNTAIN MAINTENANCE & CHEMICALS		0			0	
LANDSCAPING MAINTENANCE & MATERIALS		0			0	
IRRIGATION		0			0	
IRRIGATION PARTS & REPAIRS		0			0	
PEST CONTROL		0			0	
ROAD REPAIR		0			0	
SECURITY		0			0	
SIDEWALK CLEANING		0			0	
SIDEWALK REPAIR		0			0	
SIGNAGE		0			0	
STREETLIGHTS		0			0	
STORMWATER MANAGEMENT		0			0	
TREE/PLANT REPLACEMENT & TRIM		0			0	
WETLAND UPLAND MAINTENANCE		0			0	
TOTAL MAINTENANCE EXPENSES		0			0	

						
Total Expenditures	$	37,502		$	35,750	

						
EXCESS / (SHORTFALL)	$	3,261		$	2,120	

PAYMENT TO TRUSTEE		
-			
-	

BALANCE	$	3,261		$	2,120	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(1,631)			
(1,060)	
DISCOUNTS FOR EARLY PAYMENTS		(1,631)			(1,060)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

1 - District Specific Expense						
2 - Pertains only to 2003 Area						

	FISCAL YEAR		FISCAL YEAR	
	2019/2020		2020/2021	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		0		0	
ON-ROLL ASSESSMENTS - ADMIN		31,122		21,119	
ON-ROLL ASSESSMENTS - MAINT		Incl Above		0	
STORMWATER		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		7,095	
Total Revenues		$	31,122		$	28,214	

EXPENDITURES - ADMIN					
AUDIT 1		5,000		5,000	
BANK FEES		0		39	
DISSEMINATION AGENT 2		0		0	
DISTRICT COUNSEL		3,470		3,453	
MANAGEMENT		5,783		5,298	
ASSESSMENT ROLL		0		575	
DUES, LICENSES & FEES 1		175		175	
ENGINEERING		1,735		2,877	
GENERAL INSURANCE 1		8,000		5,300	
WEB SITE MAINTENANCE 1		750		750	
LEGAL ADVERTISING		376		374	
MISCELLANEOUS		17		58	
MEETING ROOM		191		190	
TRAVEL AND PER DIEM		0		230	
OFFICE SUPPLIES		6		144	
POSTAGE & SHIPPING		58		6	
COPIES		289		259	
SUPERVISOR FEES1		0		0	
TELEPHONE		0		180	
TRUSTEE SERVICES 2		0		0	
OFFICE RENT		1,336		1,329	
CONTINUING DISCLOSURE FEE2		0		0	
CONTINGENCY - ADMIN		0		288	
IMPACT FEE ADMINISTRATION		1,446		0	
TOTAL ADMIN EXPENSES		28,632		26,524	

EXPENDITURES - MAINT		
LAKE MAINTENANCE		0			0	
BEEP OPERATIONS		0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		0			0	
CONTINGENCY - MAINTENANCE		0			0	
COMMUNITY AREA MAINTENANCE		0			0	
DEVLOPMENT COORDINATOR		0			0	
PAINTING		0			0	
FENCE MAINTENANCE		0			0	
ELECTRIC		0			0	
ENGINEERING		0			0	
FIELD MANAGEMENT		0			0	
FOUNTAIN MAINTENANCE & CHEMICALS		0			0	
LANDSCAPING MAINTENANCE & MATERIALS		0			0	
IRRIGATION		0			0	
IRRIGATION PARTS & REPAIRS		0			0	
PEST CONTROL		0			0	
ROAD REPAIR		0			0	
SECURITY		0			0	
SIDEWALK CLEANING		0			0	
SIDEWALK REPAIR		0			0	
SIGNAGE		0			0	
STREETLIGHTS		0			0	
STORMWATER MANAGEMENT		0			0	
TREE/PLANT REPLACEMENT & TRIM		0			0	
WETLAND UPLAND MAINTENANCE		0			0	
TOTAL MAINTENANCE EXPENSES		0			0	

						
Total Expenditures	$	28,632		$	26,524	

						
EXCESS / (SHORTFALL)	$	2,490		$	1,689	

PAYMENT TO TRUSTEE		
-			
-	

BALANCE	$	2,490		$	1,689	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(1,245)			
(845)	
DISCOUNTS FOR EARLY PAYMENTS		(1,245)			(845)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

1 - District Specific Expense						
2 - Pertains only to 2003 Area						

	FISCAL YEAR		FISCAL YEAR	
	2019/2020		2020/2021	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		0		0	
ON-ROLL ASSESSMENTS - ADMIN		82,435		49,980	
ON-ROLL ASSESSMENTS - MAINT		Incl Above		0	
STORMWATER		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		0		29,625	
Total Revenues		$	82,435		$	79,606	

EXPENDITURES - ADMIN					
AUDIT 1		5,500		5,500	
BANK FEES		0		161	
DISSEMINATION AGENT 2		0		0	
DISTRICT COUNSEL		14,490		14,416	
MANAGEMENT		24,151		22,122	
ASSESSMENT ROLL		0		2,403	
DUES, LICENSES & FEES 1		175		175	
ENGINEERING		7,245		12,014	
GENERAL INSURANCE 1		8,000		5,300	
WEB SITE MAINTENANCE 1		750		750	
LEGAL ADVERTISING		1,570		1,562	
MISCELLANEOUS		72		240	
MEETING ROOM		797		793	
TRAVEL AND PER DIEM		0		961	
OFFICE SUPPLIES		24		601	
POSTAGE & SHIPPING		242		24	
COPIES		1,208		1,081	
SUPERVISOR FEES1		0		0	
TELEPHONE		0		753	
TRUSTEE SERVICES 2		0		0	
OFFICE RENT		5,579		5,550	
CONTINUING DISCLOSURE FEE2		0		0	
CONTINGENCY - ADMIN		0		1,201	
IMPACT FEE ADMINISTRATION		6,038		0	
TOTAL ADMIN EXPENSES		75,840		75,607	

EXPENDITURES - MAINT		
LAKE MAINTENANCE		0			0	
BEEP OPERATIONS		0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		0			0	
CONTINGENCY - MAINTENANCE		0			0	
COMMUNITY AREA MAINTENANCE		0			0	
DEVLOPMENT COORDINATOR		0			0	
PAINTING		0			0	
FENCE MAINTENANCE		0			0	
ELECTRIC		0			0	
ENGINEERING		0			0	
FIELD MANAGEMENT		0			0	
FOUNTAIN MAINTENANCE & CHEMICALS		0			0	
LANDSCAPING MAINTENANCE & MATERIALS		0			0	
IRRIGATION		0			0	
IRRIGATION PARTS & REPAIRS		0			0	
PEST CONTROL		0			0	
ROAD REPAIR		0			0	
SECURITY		0			0	
SIDEWALK CLEANING		0			0	
SIDEWALK REPAIR		0			0	
SIGNAGE		0			0	
STREETLIGHTS		0			0	
STORMWATER MANAGEMENT		0			0	
TREE/PLANT REPLACEMENT & TRIM		0			0	
WETLAND UPLAND MAINTENANCE		0			0	
TOTAL MAINTENANCE EXPENSES		0			0	

						
Total Expenditures	$	75,840		$	75,607	

						
EXCESS / (SHORTFALL)	$	6,595		$	3,998	

PAYMENT TO TRUSTEE		
-			
-	

BALANCE	$	6,595		$	3,998	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(3,297)			
(1,999)	
DISCOUNTS FOR EARLY PAYMENTS		(3,297)			(1,999)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

1 - District Specific Expense						
2 - Pertains only to 2003 Area						

FINAL ASSESSMENT ALLOCATION
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

Assessment Roll
CDD1-7 Bonded Total

CDD7 Non Bonded, 8-10 Total	$  1,183,861.52

$	208,916.74	

TOTAL ASSESSMENT ROLL: $ 1,392,778.26	

ERU Calculation
	Units*	ERU/Unit*	Total ERUs	
Single Family - General 1-6, Bonded 7	4,560	1.00	4,560	
Multi Family-ALF - 1-6, Bonded 7	1,137	0.50	569	
Commercial Square Footage 1-6, Bonded 7	1,415,480	0.0004	568	
				
		Total ERU:	5,696	
*Unit counts per updated property appraiser roll.

Assessments Budgeted
CDD 1-7 Bonded Area Total:	$	1,183,862	
		
Assessment Per Unit (Grossed Up)	$	207.83	

Assessment Per Unit (Grossed Up)
Assessment By Unit	SF - General	MF	Commercial*	
With 8% Gross Up	207.83	103.92	0.0833	
* Per square Foot				
Note: Figures are Rounded

FINAL DEBT SERVICE BUDGET
TRADITION SERIES 2014 BOND FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

	FISCAL YEAR 2020/2021
FINAL BUDGET	

REVENUES			
Interest Income		0	
Net Debt Collections		4,030,807	
Total Revenues	$	4,030,807	

EXPENDITURES			
Principal Payments		2,080,000	
Interest Payments		1,700,856	
Miscellaneous / Extra Redemption		249,951	
Total Expenditures	$	4,030,807	
			
Excess / (Shortfall)	$	-	

 	Series 2014 Bond Information	

Original Par Amount =	$53,170,000	Annual Principal Payments Due =	May 1st	
Avarage Interest Rate =
Issue Date =	3.71%
April 2014	Annual Interest Payments Due =	May 1st & November 1st	
Maturity Date =	May 2035			

 	ASSESSMENTS		
Single Family - Per Unit	658.68	Budgeted	
Multi-Family - Per Unit	360.05	Budgeted	
Commercial- Per Square Foot	0.43656	Budgeted	

Single Family - Per Unit	
715.89	
Grossed Up - Per Methodology	
Multi-Family - Per Unit	391.31	Grossed Up - Per Methodology	
Commercial- Per Square Foot	0.4745	Grossed Up - Per Methodology	

FINAL BUDGET
TRADITION COMMUNITY DEVELOPMENT DISTRICT IRRIGATION FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	

FISCAL YEAR	FISCAL YEAR
2019/2020	2020/2021
 	ANNUAL BUDGET		 	FINAL BUDGET	

COMMENTS	

SERVICE CHARGE - IRRIGATION	1,042,000	1,528,056	Per Rate Study Projections
ENGINEERING REVENUE FEES	7,500	16,837	Per Rate Study Projections

Total Revenues

$	1,049,500	$

1,544,894

EXPENSES	
FIELD OPERATIONS	0	0	Included under Mgmt Contract
TRUSTEE SERVICES	5,000	5,000
MANAGEMENT	285,408	291,972	CPI increase per Contract
ENGINEERING	9,580	40,000
PROFESSIONAL SERVICES, OTHER	5,000	5,000
DEVELOPMENT COORDINATOR	117,000	58,500	Split between CDDs and  Irrigation CITY FRANCHISE FEE		68,475	91,683	6% of Gross Recepits per agreement TRAVEL AND PER DIEM			387		400
TELEPHONE	1,921	1,930
POSTAGE AND SHIPPING	253	253
BANK FEES	1,216	1,250
BAD DEBT	4,833	65,000	Potentially writing off Prior Manager AR
OFFICE SUPPLIES	250	250
FIELD SUPPLIES (OTHER)	2,000	2,000
DUES, LICENSES, FEES	2,237	2,300
VEHICLE, GAS, & REPAIR	1,000	1,000
ELECTRIC	101,023	105,000
WATER	170	170
OTHER UTILITIES	1,542	1,550
GENERAL INSURANCE	20,032	20,610
GENERAL REPAIR & MAINTENANCE	40,435	153,000	Reason for Increased Rates
LANDSCAPING MAINTENANCE & MATERIAL	10,608	11,000
HVAC	4,305	4,500
RENEWAL AND REPLACEMENT	0	200,000	Reason for Increased Rates
OTHER SYSTEM IMPROVEMENTS	0	75,000	Reason for Increased Rates
OPERATING RESERVES/MISC	0	40,000	Reason for Increased Rates

Total Expenses

$	682,675	$

1,177,369

 	 	

EXCESS / (SHORTFALL)

$	366,825	$

367,525

PAYMENT TO TRUSTEE	(366,825)	(367,525)

BALANCE

$	-	$	0

 	 	

NET INCOME

$	-	$	-

FINAL DEBT SERVICE BUDGET TRADITION IRRIGATION SERIES 2017 BOND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

	FISCAL YEAR 2020/2021
FINAL BUDGET	

REVENUES				
Transfer from Operating Fund			367,525	
Total Revenues		$	367,525	

EXPENDITURES				
Principal Payments			110,000	
Interest Payments			257,525	
Total Expenditures		$	367,525	
				
Excess / (Shortfall)		$	-	

 	Series 2017 Bond Information	
Original Par Amount =	$6,095,000
Issue Date =	Oct 2017
Maturity Date =	Oct 2047