Tradition Community Development Districts #1-10

Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

3-4	FINAL BUDGET-RECAP CDD1-10
5-7	FINAL BUDGET-RECAP FY21 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
26-27 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		
Assessment Methodology												
Administration - ERUs	70	419	1,244	1,259	1,250	1,145	1,556	1,050	655	2,735	11,383	
Maintenance - ERUs	70	419	1,244	1,259	1,250	1,145	219				5,606	
Administration -Percent	0.6149553%	3.6809469%	10.9286347%	11.0604108%	10.9813451%	10.0589121%	13.6690572%	9.2243299%	5.7542248%	24.0271831%	100%	
Maintenance - Percent	1.2486754%	7.4742140%	22.1907450%	22.4583183%	22.2977743%	20.4247613%	3.9055118%	0.0000000%	0.0000000%	0.0000000%	100%	
REVENUES													
ON-ROLL ASSESSMENTS - Debt	54,225	324,578	963,663	975,282	968,311	886,973	169,602	0	0	0	4,342,633	
ON-ROLL ASSESSMENTS - ADMIN	17,421	12,784	4,393	4,240	4,332	5,400	67,461	39,539	27,088	93,199	275,857	
ON-ROLL ASSESSMENTS - MAINT	13,776	82,460	244,823	247,775	246,004	225,340	43,088	0	0	0	1,103,266	
STORMWATER	9,365	56,057	166,431	168,437	167,233	153,186	29,291	0	0	0	750,000	
CARRY OVER FUNDS FROM PRIOR YEAR	6,793	40,663	120,729	122,184	121,311	111,121	21,248	7,583	4,731	19,753	576,117	
DEVELOPER CONTRIBUTION - TIM		 	1,113,700	 	0	 	0	 	0	 	0	 	0	 	0	 	0	 	0	 	0	 	1,113,700	
Total Revenues		  $	1,215,281	  $	516,542	  $	1,500,038	  $	1,517,919	  $	1,507,190	  $	1,382,018	  $	330,691	  $	47,123	  $	31,818	  $	112,952	  $	8,161,573	

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	492	2,945	8,743	8,848	8,785	8,047	10,935	7,379	4,603	19,222	80,000	
MANAGEMENT	574	3,437	10,203	10,326	10,252	9,391	12,761	8,612	5,372	22,432	93,360	
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	593	3,548	10,535	10,662	10,586	9,697	13,177	8,892	5,547	23,162	96,400	
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	
HOLIDAY DECORATIONS	215	1,288	3,825	3,871	3,843	3,521	4,784	3,229	2,014	8,410	35,000	
TRAVEL AND PER DIEM	12	74	219	221	220	201	273	184	115	481	2,000	
OFFICE SUPPLIES	15	92	273	277	275	251	342	231	144	601	2,500	
POSTAGE & SHIPPING	2	15	44	44	44	40	55	37	23	96	400	
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	
TRUSTEE SERVICES 2	175	1,046	3,107	3,144	3,122	2,859	547	0	0	0	14,000	
OFFICE RENT	154	920	2,732	2,765	2,745	2,515	3,417	2,306	1,439	6,007	25,000	
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	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	720,000	0	0	0	0	0	0	0	0	0	720,000	
TOTAL ADMINISTRATIVE EXPENSES	739,424	32,093	64,406	64,993	64,641	60,528	72,688	43,960	29,651	105,496	1,277,880	

 	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		3,026		18,110		53,768		54,417		54,028		49,489		9,463		0		0		0		242,300	
BEEP OPERATIONS		393,700		0		0		0		0		0		0		0		0		0		393,700	
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		741		4,434		13,164		13,322		13,227		12,116		2,317		0		0		0		59,320	
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		2,396		14,344		42,586		43,100		42,792		39,197		7,495		0		0		0		191,910	
FOUNTAIN MAINTENANCE & CHEMICALS		499		2,990		8,876		8,983		8,919		8,170		1,562		0		0		0		40,000	
LANDSCAPING MAINTENANCE & MATERIALS		10,576		63,307		187,956		190,222		188,862		172,998		33,080		0		0		0		847,000	
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	
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		419,136		152,252		452,032		457,483		454,212		416,059		79,556		0		0		0		2,430,730	
																							
Total Expenditures			  $	1,158,560		  $	184,345		  $	516,438		  $	522,476		  $	518,853		  $	476,587		  $	152,245		  $	43,960		  $	29,651		  $	105,496		  $	3,708,610	
EXCESS / (SHORTFALL)			  $	56,721		  $	332,197		  $	983,600		  $	995,444		  $	988,337		  $	905,432		  $	178,446		   $	3,163		   $	2,167		   $	7,456		  $	4,452,963	

PAYMENTS TO TRUSTEE		
(49,887)		
(298,611)		
(886,570)		
(897,260)		
(890,846)		
(816,015)		
(156,034)		
0		
0		
0		
(3,995,223)	
BALANCE			  $	6,834		  $	33,586		  $	97,030		  $	98,184		  $	97,492		  $	89,417		  $	22,412		  $	3,163		  $	2,167		  $	7,456		  $	457,741	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(3,417)		
(16,793)		
(48,515)		
(49,092)		
(48,746)		
(44,708)		
(11,206)		
(1,582)		
(1,084)		
(3,728)		
(228,870)	
DISCOUNTS FOR EARLY PAYMENTS		(3,417)		(16,793)		(48,515)		(49,092)		(48,746)		(44,708)		(11,206)		(1,582)		(1,084)		(3,728)		(228,870)	
NET EXCESS / (SHORTFALL)			  $	-			  $	-			  $	-			  $	-			  $	-			  $	-			  $	-			  $	-			  $	-			  $	-			  $	-		
1 - District Specific Expense 2 - Pertains only to 2003 Area																							

	FISCAL YEAR		FISCAL YEAR		
	2020/2021		2021/2022		
	 	ANNUAL BUDGET			 	FINAL BUDGET			COMMENTS		
REVENUES	
ON-ROLL ASSESSMENTS - Debt		
4,381,312		
4,342,633			
ON-ROLL ASSESSMENTS - ADMIN		343,876		275,857			
ON-ROLL ASSESSMENTS - MAINT		1,048,903		1,103,266			
STORMWATER		700,000		750,000		Based on FY20-21 revenue	
CARRY OVER FUNDS FROM PRIOR YEAR		320,625		576,117		Increased to keep asssessments same rate as prior year	
DEVELOPER CONTRIBUTION - TIM		0		1,113,700		Developer/Bond Funded	
Total Revenues		$	6,794,715		$	8,161,573			
EXPENDITURES - ADMIN	
AUDIT 1		
55,000		
55,000		

No Change	
BANK FEES		670		670		No Change	
DISSEMINATION AGENT 2		1,000		1,000		No Change	
DISTRICT COUNSEL		60,000		80,000		Based on 6 month Trend FY 21	
MANAGEMENT		92,070		93,360		CPI Increase per contract	
ASSESSMENT ROLL		10,000		10,000		No Change	
DUES, LICENSES & FEES 1		1,750		1,750		No Change	
ENGINEERING		50,000		50,000		No Change	
GENERAL INSURANCE 1		89,300		96,400		Based on FY21	
WEB SITE MAINTENANCE 1		7,500		7,500		No Change	
LEGAL ADVERTISING		6,500		6,500		No Change	
MISCELLANEOUS		1,000		1,000		No Change	
MEETING ROOM		3,300		0		No longer charged for meeting room	
HOLIDAY DECORATIONS		0		35,000		Cost Share with Tradition Community Association	
TRAVEL AND PER DIEM		4,000		2,000		Based on 6 month Trend FY 21	
OFFICE SUPPLIES		2,500		2,500		No Change	
POSTAGE & SHIPPING		100		400		Based on 6 month Trend FY 21	
COPIES		4,500		4,500		No Change	
SUPERVISOR FEES1		64,800		64,800		No Change	
TELEPHONE		3,135		0		No longer charged by Bluestream	
TRUSTEE SERVICES 2		14,000		14,000		No Change	
OFFICE RENT		23,100		25,000		Includes Office and Storage - 8% Increase	
CONTINUING DISCLOSURE FEE2		1,500		1,500		No Change	
CONTINGENCY - ADMIN		5,000		5,000		No Change	
TIM - CAPITAL		0		720,000		Bond/Developer Funded	
TOTAL ADMIN EXPENSES		500,725		1,277,880			

FISCAL YEAR		FISCAL YEAR		
2020/2021		2021/2022		
 	ANNUAL BUDGET			 	FINAL BUDGET			COMMENTS		
EXPENDITURES - MAINT					
LAKE MAINTENANCE	145,000		242,300		Per Agreement - increase 67%	
TIM OPERATIONS	1		393,700		Developer/Bond Funded	
BUILDING, BRIDGE, MONUMENT MAINTENAN	10,000		10,000		No Change	
CONTINGENCY - MAINTENANCE	30,000		30,000		No Change	
COMMUNITY AREA MAINTENANCE	40,000		40,000		No Change	
DEVLOPMENT COORDINATOR	58,500		59,320		CPI Increase per contract	
PAINTING	5,000		5,000		No Change	
FENCE MAINTENANCE	3,000		3,000		No Change	
ELECTRIC	60,000		60,000		No Change	
ENGINEERING	100,000		100,000		No Change	
FIELD MANAGEMENT	189,255		191,910		CPI Increase per contract	
FOUNTAIN MAINTENANCE & CHEMICALS	40,000		40,000		No Change	
LANDSCAPING MAINTENANCE & MATERIALS	712,000		847,000		Based on 6 month Trend FY 21	
IRRIGATION	150,000		150,000		No Change	
IRRIGATION PARTS & REPAIRS	25,000		25,000		No Change	
PEST CONTROL	6,500		6,500		No Change	
SECURITY	42,000		42,000		No Change	
SIDEWALK CLEANING	20,000		20,000		No Change	
SIDEWALK REPAIR	10,000		10,000		No Change	
SIGNAGE	10,000		10,000		No Change	
STREETLIGHTS	45,000		45,000		No Change	
STORMWATER MANAGEMENT	6,000		6,000		No Change	
TREE/PLANT REPLACEMENT & TRIM	90,000		90,000		No Change	
WETLAND UPLAND MAINTENANCE	4,000		4,000		No Change	
TOTAL MAINTENANCE EXPENSES	1,801,256		2,430,730			

 						
Total Expenditures	$	2,301,981		$	3,708,610			

FISCAL YEAR	FISCAL YEAR
2020/2021	2021/2022
 	ANNUAL BUDGET		 	FINAL BUDGET		COMMENTS	

 	 	

EXCESS / (SHORTFALL)

$	4,492,734	$

4,452,963

PAYMENT TO TRUSTEE	(4,030,807)	(3,995,223)

BALANCE

$	461,927	$

457,741

COUNTY APPRAISER & TAX COLLECTOR FEE	(230,964)	(228,870)
DISCOUNTS FOR EARLY PAYMENTS	(230,964)	(228,870)

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

	FISCAL YEAR		FISCAL YEAR	
	2020/2021		2021/2022	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	54,708		54,225	
ON-ROLL ASSESSMENTS - ADMIN	48,719		17,421	
ON-ROLL ASSESSMENTS - MAINT	13,097		13,776	
STORMWATER	8,741		9,365	
CARRY OVER FUNDS FROM PRIOR YEAR	3,403		6,793	
DEVELOPER CONTRIBUTION - TIM	0		1,113,700	

Total Revenues	$	128,669		$	1,215,281	

EXPENDITURES - ADMIN				

AUDIT 1	6,500		6,500	
BANK FEES	4		4	
DISSEMINATION AGENT 2	12		12	
DISTRICT COUNSEL	369		492	
MANAGEMENT	566		574	
ASSESSMENT ROLL	61		61	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	307		307	
GENERAL INSURANCE 1	28,000		593	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	40		40	
MISCELLANEOUS	6		6	
MEETING ROOM	20		0	
HOLIDAY DECORATIONS	0		215	
TRAVEL AND PER DIEM	25		12	
OFFICE SUPPLIES	15		15	
POSTAGE & SHIPPING	1		2	
COPIES	28		28	
SUPERVISOR FEES1	9,257		9,257	
TELEPHONE	19		0	
TRUSTEE SERVICES 2	175		175	
OFFICE RENT	142		154	
CONTINUING DISCLOSURE FEE2	19		19	
CONTINGENCY - ADMIN	31		31	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		720,000	
TOTAL ADMIN EXPENSES	46,523		739,424	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		1,811			3,026	
TIM OPERATIONS		0			393,700	
BUILDING, BRIDGE, MONUMENT MAINTENANC	125			125	
CONTINGENCY - MAINTENANCE		375			375	
COMMUNITY AREA MAINTENANCE		499			499	
DEVLOPMENT COORDINATOR		730			741	
PAINTING		62			62	
FENCE MAINTENANCE		37			37	
ELECTRIC		749			749	
ENGINEERING		1,249			1,249	
FIELD MANAGEMENT		2,363			2,396	
FOUNTAIN MAINTENANCE & CHEMICALS		499			499	
LANDSCAPING MAINTENANCE & MATERIALS		8,891			10,576	
IRRIGATION		1,873			1,873	
IRRIGATION PARTS & REPAIRS		312			312	
PEST CONTROL		81			81	
SECURITY		524			524	
SIDEWALK CLEANING		250			250	
SIDEWALK REPAIR		125			125	
SIGNAGE		125			125	
STREETLIGHTS		562			562	
STORMWATER MANAGEMENT		75			75	
TREE/PLANT REPLACEMENT & TRIM		1,124			1,124	
WETLAND UPLAND MAINTENANCE		50			50	
TOTAL MAINTENANCE EXPENSES		22,492			419,136	

						
Total Expenditures	$	69,015		$	1,158,560	

EXCESS / (SHORTFALL)		$	59,654		$	56,721	

PAYMENT TO TRUSTEE			
(50,332)			
(49,887)	
BALANCE		$	9,322		$	6,834	

COUNTY APPRAISER & TAX COLLECTOR FEE			
(4,661)			
(3,417)	
DISCOUNTS FOR EARLY PAYMENTS			(4,661)			(3,417)	
NET EXCESS / (SHORTFALL)		$	-		$	-	
1 - District Specific Expense							
2 - Pertains only to 2003 Area							

	FISCAL YEAR		FISCAL YEAR	
	2020/2021		2021/2022	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	327,469		324,578	
ON-ROLL ASSESSMENTS - ADMIN	29,367		12,784	
ON-ROLL ASSESSMENTS - MAINT	78,397		82,460	
STORMWATER	52,319		56,057	
CARRY OVER FUNDS FROM PRIOR YEAR	20,370		40,663	
DEVELOPER CONTRIBUTION - TIM	0		0	

Total Revenues	$	507,922		$	516,542	

EXPENDITURES - ADMIN				

AUDIT 1	5,500		5,500	
BANK FEES	25		25	
DISSEMINATION AGENT 2	75		75	
DISTRICT COUNSEL	2,209		2,945	
MANAGEMENT	3,389		3,437	
ASSESSMENT ROLL	368		368	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	1,840		1,840	
GENERAL INSURANCE 1	10,500		3,548	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	239		239	
MISCELLANEOUS	37		37	
MEETING ROOM	121		0	
HOLIDAY DECORATIONS	0		1,288	
TRAVEL AND PER DIEM	147		74	
OFFICE SUPPLIES	92		92	
POSTAGE & SHIPPING	4		15	
COPIES	166		166	
SUPERVISOR FEES1	9,257		9,257	
TELEPHONE	115		0	
TRUSTEE SERVICES 2	1,046		1,046	
OFFICE RENT	850		920	
CONTINUING DISCLOSURE FEE2	112		112	
CONTINGENCY - ADMIN	184		184	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	37,202		32,093	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		10,838			18,110	
TIM OPERATIONS		0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		747			747	
CONTINGENCY - MAINTENANCE		2,242			2,242	
COMMUNITY AREA MAINTENANCE		2,990			2,990	
DEVLOPMENT COORDINATOR		4,372			4,434	
PAINTING		374			374	
FENCE MAINTENANCE		224			224	
ELECTRIC		4,485			4,485	
ENGINEERING		7,474			7,474	
FIELD MANAGEMENT		14,145			14,344	
FOUNTAIN MAINTENANCE & CHEMICALS		2,990			2,990	
LANDSCAPING MAINTENANCE & MATERIALS		53,216			63,307	
IRRIGATION		11,211			11,211	
IRRIGATION PARTS & REPAIRS		1,869			1,869	
PEST CONTROL		486			486	
SECURITY		3,139			3,139	
SIDEWALK CLEANING		1,495			1,495	
SIDEWALK REPAIR		747			747	
SIGNAGE		747			747	
STREETLIGHTS		3,363			3,363	
STORMWATER MANAGEMENT		448			448	
TREE/PLANT REPLACEMENT & TRIM		6,727			6,727	
WETLAND UPLAND MAINTENANCE		300			299	
TOTAL MAINTENANCE EXPENSES		134,630			152,252	

						
Total Expenditures	$	171,832		$	184,345	

						
EXCESS / (SHORTFALL)	$	336,090		$	332,197	

PAYMENT TO TRUSTEE		
(301,271)			
(298,611)	

BALANCE	$	34,819		$	33,586	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(17,409)			
(16,793)	
DISCOUNTS FOR EARLY PAYMENTS		(17,409)			(16,793)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

	FISCAL YEAR		FISCAL YEAR	
	2020/2021		2021/2022	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	972,246		963,663	
ON-ROLL ASSESSMENTS - ADMIN	28,219		4,393	
ON-ROLL ASSESSMENTS - MAINT	232,759		244,823	
STORMWATER	155,335		166,431	
CARRY OVER FUNDS FROM PRIOR YEAR	60,477		120,729	
DEVELOPER CONTRIBUTION - TIM	0		0	

Total Revenues	$	1,449,036		$	1,500,038	

EXPENDITURES - ADMIN				

AUDIT 1	5,500		5,500	
BANK FEES	73		73	
DISSEMINATION AGENT 2	222		222	
DISTRICT COUNSEL	6,557		8,743	
MANAGEMENT	10,062		10,203	
ASSESSMENT ROLL	1,093		1,093	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	5,464		5,464	
GENERAL INSURANCE 1	7,800		10,535	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	710		710	
MISCELLANEOUS	109		109	
MEETING ROOM	361		0	
HOLIDAY DECORATIONS	0		3,825	
TRAVEL AND PER DIEM	437		219	
OFFICE SUPPLIES	273		273	
POSTAGE & SHIPPING	11		44	
COPIES	492		492	
SUPERVISOR FEES1	9,257		9,257	
TELEPHONE	343		0	
TRUSTEE SERVICES 2	3,107		3,107	
OFFICE RENT	2,525		2,732	
CONTINUING DISCLOSURE FEE2	333		333	
CONTINGENCY - ADMIN	546		546	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	56,200		64,406	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		32,177			53,768	
TIM OPERATIONS		0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		2,219			2,219	
CONTINGENCY - MAINTENANCE		6,657			6,657	
COMMUNITY AREA MAINTENANCE		8,876			8,876	
DEVLOPMENT COORDINATOR		12,982			13,164	
PAINTING		1,110			1,110	
FENCE MAINTENANCE		666			666	
ELECTRIC		13,314			13,314	
ENGINEERING		22,191			22,191	
FIELD MANAGEMENT		41,997			42,586	
FOUNTAIN MAINTENANCE & CHEMICALS		8,876			8,876	
LANDSCAPING MAINTENANCE & MATERIALS		157,998			187,956	
IRRIGATION		33,286			33,286	
IRRIGATION PARTS & REPAIRS		5,548			5,548	
PEST CONTROL		1,442			1,442	
SECURITY		9,320			9,320	
SIDEWALK CLEANING		4,438			4,438	
SIDEWALK REPAIR		2,219			2,219	
SIGNAGE		2,219			2,219	
STREETLIGHTS		9,986			9,986	
STORMWATER MANAGEMENT		1,331			1,331	
TREE/PLANT REPLACEMENT & TRIM		19,972			19,972	
WETLAND UPLAND MAINTENANCE		888			888	
TOTAL MAINTENANCE EXPENSES		399,712			452,032	

						
Total Expenditures	$	455,912		$	516,438	

						
EXCESS / (SHORTFALL)	$	993,124		$	983,600	

PAYMENT TO TRUSTEE		
(894,466)			
(886,570)	

BALANCE	$	98,658		$	97,030	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(49,329)			
(48,515)	
DISCOUNTS FOR EARLY PAYMENTS		(49,329)			(48,515)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

	FISCAL YEAR		FISCAL YEAR	
	2020/2021		2021/2022	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	983,969		975,282	
ON-ROLL ASSESSMENTS - ADMIN	28,034		4,240	
ON-ROLL ASSESSMENTS - MAINT	235,566		247,775	
STORMWATER	157,208		168,437	
CARRY OVER FUNDS FROM PRIOR YEAR	61,206		122,184	
DEVELOPER CONTRIBUTION - TIM	0		0	

Total Revenues	$	1,465,983		$	1,517,919	

EXPENDITURES - ADMIN				

AUDIT 1	5,500		5,500	
BANK FEES	74		74	
DISSEMINATION AGENT 2	225		225	
DISTRICT COUNSEL	6,636		8,848	
MANAGEMENT	10,183		10,326	
ASSESSMENT ROLL	1,106		1,106	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	5,530		5,530	
GENERAL INSURANCE 1	7,600		10,662	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	719		719	
MISCELLANEOUS	111		111	
MEETING ROOM	365		0	
HOLIDAY DECORATIONS	0		3,871	
TRAVEL AND PER DIEM	442		221	
OFFICE SUPPLIES	277		277	
POSTAGE & SHIPPING	11		44	
COPIES	498		498	
SUPERVISOR FEES1	9,257		9,257	
TELEPHONE	347		0	
TRUSTEE SERVICES 2	3,144		3,144	
OFFICE RENT	2,555		2,765	
CONTINUING DISCLOSURE FEE2	337		337	
CONTINGENCY - ADMIN	553		553	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	56,395		64,993	

EXPENDITURES - MAINT		

LAKE MAINTENANCE	32,565			54,417	
TIM OPERATIONS	0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC	2,246			2,246	
CONTINGENCY - MAINTENANCE	6,737			6,737	
COMMUNITY AREA MAINTENANCE	8,983			8,983	
DEVLOPMENT COORDINATOR	13,138			13,322	
PAINTING	1,123			1,123	
FENCE MAINTENANCE	674			674	
ELECTRIC	13,475			13,475	
ENGINEERING	22,458			22,458	
FIELD MANAGEMENT	42,503			43,100	
FOUNTAIN MAINTENANCE & CHEMICALS	8,983			8,983	
LANDSCAPING MAINTENANCE & MATERIALS	159,903			190,222	
IRRIGATION	33,687			33,687	
IRRIGATION PARTS & REPAIRS	5,615			5,615	
PEST CONTROL	1,460			1,460	
SECURITY	9,432			9,432	
SIDEWALK CLEANING	4,492			4,492	
SIDEWALK REPAIR	2,246			2,246	
SIGNAGE	2,246			2,246	
STREETLIGHTS	10,106			10,106	
STORMWATER MANAGEMENT	1,347			1,347	
TREE/PLANT REPLACEMENT & TRIM	20,212			20,212	
WETLAND UPLAND MAINTENANCE	898			898	
TOTAL MAINTENANCE EXPENSES	404,532			457,483	

					
Total Expenditures	$	460,926		$	522,476	

					
EXCESS / (SHORTFALL)	$	1,005,057		$	995,444	

PAYMENT TO TRUSTEE	
(905,251)			
(897,260)	

BALANCE	$	99,806		$	98,184	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(49,903)			
(49,092)	
DISCOUNTS FOR EARLY PAYMENTS	(49,903)			(49,092)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

	FISCAL YEAR		FISCAL YEAR	
	2020/2021		2021/2022	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	976,935		968,311	
ON-ROLL ASSESSMENTS - ADMIN	27,471		4,332	
ON-ROLL ASSESSMENTS - MAINT	233,882		246,004	
STORMWATER	156,084		167,233	
CARRY OVER FUNDS FROM PRIOR YEAR	60,768		121,311	
DEVELOPER CONTRIBUTION - TIM	0		0	

Total Revenues	$	1,455,141		$	1,507,190	

EXPENDITURES - ADMIN				

AUDIT 1	5,500		5,500	
BANK FEES	74		74	
DISSEMINATION AGENT 2	223		223	
DISTRICT COUNSEL	6,589		8,785	
MANAGEMENT	10,111		10,252	
ASSESSMENT ROLL	1,098		1,098	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	5,491		5,491	
GENERAL INSURANCE 1	7,100		10,586	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	714		714	
MISCELLANEOUS	110		110	
MEETING ROOM	362		0	
HOLIDAY DECORATIONS	0		3,843	
TRAVEL AND PER DIEM	439		220	
OFFICE SUPPLIES	275		275	
POSTAGE & SHIPPING	11		44	
COPIES	494		494	
SUPERVISOR FEES1	9,257		9,257	
TELEPHONE	344		0	
TRUSTEE SERVICES 2	3,122		3,122	
OFFICE RENT	2,537		2,745	
CONTINUING DISCLOSURE FEE2	334		334	
CONTINGENCY - ADMIN	549		549	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	55,658		64,641	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		32,332			54,028	
TIM OPERATIONS		0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		2,230			2,230	
CONTINGENCY - MAINTENANCE		6,689			6,689	
COMMUNITY AREA MAINTENANCE		8,919			8,919	
DEVLOPMENT COORDINATOR		13,044			13,227	
PAINTING		1,115			1,115	
FENCE MAINTENANCE		669			669	
ELECTRIC		13,379			13,379	
ENGINEERING		22,298			22,298	
FIELD MANAGEMENT		42,200			42,792	
FOUNTAIN MAINTENANCE & CHEMICALS		8,919			8,919	
LANDSCAPING MAINTENANCE & MATERIALS		158,760			188,862	
IRRIGATION		33,447			33,447	
IRRIGATION PARTS & REPAIRS		5,574			5,574	
PEST CONTROL		1,449			1,449	
SECURITY		9,365			9,365	
SIDEWALK CLEANING		4,460			4,460	
SIDEWALK REPAIR		2,230			2,230	
SIGNAGE		2,230			2,230	
STREETLIGHTS		10,034			10,034	
STORMWATER MANAGEMENT		1,338			1,338	
TREE/PLANT REPLACEMENT & TRIM		20,068			20,068	
WETLAND UPLAND MAINTENANCE		892			892	
TOTAL MAINTENANCE EXPENSES		401,640			454,212	

						
Total Expenditures	$	457,298		$	518,853	

						
EXCESS / (SHORTFALL)	$	997,843		$	988,337	

PAYMENT TO TRUSTEE		
(898,780)			
(890,846)	

BALANCE	$	99,063		$	97,492	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(49,532)			
(48,746)	
DISCOUNTS FOR EARLY PAYMENTS		(49,532)			(48,746)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

	FISCAL YEAR		FISCAL YEAR	
	2020/2021		2021/2022	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	894,873		886,973	
ON-ROLL ASSESSMENTS - ADMIN	27,244		5,400	
ON-ROLL ASSESSMENTS - MAINT	214,236		225,340	
STORMWATER	142,973		153,186	
CARRY OVER FUNDS FROM PRIOR YEAR	55,664		111,121	
DEVELOPER CONTRIBUTION - TIM	0		0	

Total Revenues	$	1,334,990		$	1,382,018	

EXPENDITURES - ADMIN				

AUDIT 1	5,500		5,500	
BANK FEES	67		67	
DISSEMINATION AGENT 2	204		204	
DISTRICT COUNSEL	6,035		8,047	
MANAGEMENT	9,261		9,391	
ASSESSMENT ROLL	1,006		1,006	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	5,029		5,029	
GENERAL INSURANCE 1	7,100		9,697	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	654		654	
MISCELLANEOUS	101		101	
MEETING ROOM	332		0	
HOLIDAY DECORATIONS	0		3,521	
TRAVEL AND PER DIEM	402		201	
OFFICE SUPPLIES	251		251	
POSTAGE & SHIPPING	10		40	
COPIES	453		453	
SUPERVISOR FEES1	9,257		9,257	
TELEPHONE	315		0	
TRUSTEE SERVICES 2	2,859		2,859	
OFFICE RENT	2,324		2,515	
CONTINUING DISCLOSURE FEE2	306		306	
CONTINGENCY - ADMIN	503		503	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	52,896		60,528	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		29,616			49,489	
TIM OPERATIONS		0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		2,042			2,042	
CONTINGENCY - MAINTENANCE		6,127			6,127	
COMMUNITY AREA MAINTENANCE		8,170			8,170	
DEVLOPMENT COORDINATOR		11,948			12,116	
PAINTING		1,021			1,021	
FENCE MAINTENANCE		613			613	
ELECTRIC		12,255			12,255	
ENGINEERING		20,425			20,425	
FIELD MANAGEMENT		38,655			39,197	
FOUNTAIN MAINTENANCE & CHEMICALS		8,170			8,170	
LANDSCAPING MAINTENANCE & MATERIALS		145,424			172,998	
IRRIGATION		30,637			30,637	
IRRIGATION PARTS & REPAIRS		5,106			5,106	
PEST CONTROL		1,328			1,328	
SECURITY		8,578			8,578	
SIDEWALK CLEANING		4,085			4,085	
SIDEWALK REPAIR		2,042			2,042	
SIGNAGE		2,042			2,042	
STREETLIGHTS		9,191			9,191	
STORMWATER MANAGEMENT		1,225			1,225	
TREE/PLANT REPLACEMENT & TRIM		18,382			18,382	
WETLAND UPLAND MAINTENANCE		817			817	
TOTAL MAINTENANCE EXPENSES		367,902			416,059	

						
Total Expenditures	$	420,799		$	476,587	

						
EXCESS / (SHORTFALL)	$	914,191		$	905,432	

PAYMENT TO TRUSTEE		
(823,283)			
(816,015)	

BALANCE	$	90,908		$	89,417	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(45,454)			
(44,708)	
DISCOUNTS FOR EARLY PAYMENTS		(45,454)			(44,708)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

	FISCAL YEAR		FISCAL YEAR	
	2020/2021		2021/2022	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	171,113		169,602	
ON-ROLL ASSESSMENTS - ADMIN	57,225		67,461	
ON-ROLL ASSESSMENTS - MAINT	40,965		43,088	
STORMWATER	27,339		29,291	
CARRY OVER FUNDS FROM PRIOR YEAR	10,644		21,248	
DEVELOPER CONTRIBUTION - TIM	0		0	

Total Revenues	$	307,285		$	330,691	

EXPENDITURES - ADMIN				

AUDIT 1	5,500		5,500	
BANK FEES	92		92	
DISSEMINATION AGENT 2	39		39	
DISTRICT COUNSEL	8,201		10,935	
MANAGEMENT	12,585		12,761	
ASSESSMENT ROLL	1,367		1,367	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	6,835		6,835	
GENERAL INSURANCE 1	5,300		13,177	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	888		888	
MISCELLANEOUS	137		137	
MEETING ROOM	451		0	
HOLIDAY DECORATIONS	0		4,784	
TRAVEL AND PER DIEM	547		273	
OFFICE SUPPLIES	342		342	
POSTAGE & SHIPPING	14		55	
COPIES	615		615	
SUPERVISOR FEES1	9,257		9,257	
TELEPHONE	429		0	
TRUSTEE SERVICES 2	547		547	
OFFICE RENT	3,158		3,417	
CONTINUING DISCLOSURE FEE2	59		59	
CONTINGENCY - ADMIN	683		683	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	57,969		72,688	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		5,663			9,463	
TIM OPERATIONS		0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		391			391	
CONTINGENCY - MAINTENANCE		1,172			1,172	
COMMUNITY AREA MAINTENANCE		1,562			1,562	
DEVLOPMENT COORDINATOR		2,285			2,317	
PAINTING		195			195	
FENCE MAINTENANCE		117			117	
ELECTRIC		2,343			2,343	
ENGINEERING		3,906			3,906	
FIELD MANAGEMENT		7,391			7,495	
FOUNTAIN MAINTENANCE & CHEMICALS		1,562			1,562	
LANDSCAPING MAINTENANCE & MATERIALS		27,807			33,080	
IRRIGATION		5,858			5,858	
IRRIGATION PARTS & REPAIRS		976			976	
PEST CONTROL		254			254	
SECURITY		1,640			1,640	
SIDEWALK CLEANING		781			781	
SIDEWALK REPAIR		391			391	
SIGNAGE		391			391	
STREETLIGHTS		1,757			1,757	
STORMWATER MANAGEMENT		234			234	
TREE/PLANT REPLACEMENT & TRIM		3,515			3,515	
WETLAND UPLAND MAINTENANCE		156			156	
TOTAL MAINTENANCE EXPENSES		70,348			79,556	

						
Total Expenditures	$	128,317		$	152,245	

						
EXCESS / (SHORTFALL)	$	178,968		$	178,446	

PAYMENT TO TRUSTEE		
(157,424)			
(156,034)	

BALANCE	$	21,544		$	22,412	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(10,772)			
(11,206)	
DISCOUNTS FOR EARLY PAYMENTS		(10,772)			(11,206)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

	FISCAL YEAR		FISCAL YEAR	
	2020/2021		2021/2022	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	0		0	
ON-ROLL ASSESSMENTS - ADMIN	26,496		39,539	
ON-ROLL ASSESSMENTS - MAINT	0		0	
STORMWATER	0		0	
CARRY OVER FUNDS FROM PRIOR YEAR	11,374		7,583	
DEVELOPER CONTRIBUTION - TIM	0		0	

Total Revenues	$	37,870		$	47,123	

EXPENDITURES - ADMIN				

AUDIT 1	5,000		5,000	
BANK FEES	62		62	
DISSEMINATION AGENT 2	0		0	
DISTRICT COUNSEL	5,535		7,379	
MANAGEMENT	8,493		8,612	
ASSESSMENT ROLL	922		922	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	4,612		4,612	
GENERAL INSURANCE 1	5,300		8,892	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	600		600	
MISCELLANEOUS	92		92	
MEETING ROOM	304		0	
HOLIDAY DECORATIONS	0		3,229	
TRAVEL AND PER DIEM	369		184	
OFFICE SUPPLIES	231		231	
POSTAGE & SHIPPING	9		37	
COPIES	415		415	
SUPERVISOR FEES1	0		0	
TELEPHONE	289		0	
TRUSTEE SERVICES 2	0		0	
OFFICE RENT	2,131		2,306	
CONTINUING DISCLOSURE FEE2	0		0	
CONTINGENCY - ADMIN	461		461	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	35,750		43,960	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		0			0	
TIM 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	
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	$	35,750		$	43,960	

						
EXCESS / (SHORTFALL)	$	2,120		$	3,163	

PAYMENT TO TRUSTEE		
-			
-	

BALANCE	$	2,120		$	3,163	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(1,060)			
(1,582)	
DISCOUNTS FOR EARLY PAYMENTS		(1,060)			(1,582)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

	FISCAL YEAR		FISCAL YEAR	
	2020/2021		2021/2022	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	0		0	
ON-ROLL ASSESSMENTS - ADMIN	21,119		27,088	
ON-ROLL ASSESSMENTS - MAINT	0		0	
STORMWATER	0		0	
CARRY OVER FUNDS FROM PRIOR YEAR	7,095		4,731	
DEVELOPER CONTRIBUTION - TIM	0		0	

Total Revenues	$	28,214		$	31,818	

EXPENDITURES - ADMIN				

AUDIT 1	5,000		5,000	
BANK FEES	39		39	
DISSEMINATION AGENT 2	0		0	
DISTRICT COUNSEL	3,453		4,603	
MANAGEMENT	5,298		5,372	
ASSESSMENT ROLL	575		575	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	2,877		2,877	
GENERAL INSURANCE 1	5,300		5,547	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	374		374	
MISCELLANEOUS	58		58	
MEETING ROOM	190		0	
HOLIDAY DECORATIONS	0		2,014	
TRAVEL AND PER DIEM	230		115	
OFFICE SUPPLIES	144		144	
POSTAGE & SHIPPING	6		23	
COPIES	259		259	
SUPERVISOR FEES1	0		0	
TELEPHONE	180		0	
TRUSTEE SERVICES 2	0		1,439	
OFFICE RENT	1,329		0	
CONTINUING DISCLOSURE FEE2	0		288	
CONTINGENCY - ADMIN	288		0	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	26,524		29,651	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		0			0	
TIM 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	
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	$	26,524		$	29,651	

						
EXCESS / (SHORTFALL)	$	1,689		$	2,167	

PAYMENT TO TRUSTEE		
-			
-	

BALANCE	$	1,689		$	2,167	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(845)			
(1,084)	
DISCOUNTS FOR EARLY PAYMENTS		(845)			(1,084)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

	FISCAL YEAR		FISCAL YEAR	
	2020/2021		2021/2022	
	 	ANNUAL BUDGET			 	FINAL BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	0		0	
ON-ROLL ASSESSMENTS - ADMIN	49,980		93,199	
ON-ROLL ASSESSMENTS - MAINT	0		0	
STORMWATER	0		0	
CARRY OVER FUNDS FROM PRIOR YEAR	29,625		19,753	
DEVELOPER CONTRIBUTION - TIM	0		0	

Total Revenues	$	79,606		$	112,952	

EXPENDITURES - ADMIN				

AUDIT 1	5,500		5,500	
BANK FEES	161		161	
DISSEMINATION AGENT 2	0		0	
DISTRICT COUNSEL	14,416		19,222	
MANAGEMENT	22,122		22,432	
ASSESSMENT ROLL	2,403		2,403	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	12,014		12,014	
GENERAL INSURANCE 1	5,300		23,162	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	1,562		1,562	
MISCELLANEOUS	240		240	
MEETING ROOM	793		0	
HOLIDAY DECORATIONS	0		8,410	
TRAVEL AND PER DIEM	961		481	
OFFICE SUPPLIES	601		601	
POSTAGE & SHIPPING	24		96	
COPIES	1,081		1,081	
SUPERVISOR FEES1	0		0	
TELEPHONE	753		0	
TRUSTEE SERVICES 2	0		6,007	
OFFICE RENT	5,550		0	
CONTINUING DISCLOSURE FEE2	0		1,201	
CONTINGENCY - ADMIN	1,201		0	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0			
TOTAL ADMIN EXPENSES	75,607		105,496	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		0			0	
TIM 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	
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	$	75,607		$	105,496	

						
EXCESS / (SHORTFALL)	$	3,998		$	7,456	

PAYMENT TO TRUSTEE		
-			
-	

BALANCE	$	3,998		$	7,456	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(1,999)			
(3,728)	
DISCOUNTS FOR EARLY PAYMENTS		(1,999)			(3,728)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

FINAL ASSESSMENT ALLOCATION
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

CDD1-7 Bonded Total

$

1,197,708

CDD7 Non Bonded, 8-10 Total

  $	181,415

TOTAL ASSESSMENT ROLL: $

1,379,123

Assessment Roll

ERU Calculation
	Units*	ERU/Unit*	Total ERUs	
Single Family - General 1-6, Bonded 7	4,647	1.00	4,647	
Multi Family-ALF - 1-6, Bonded 7	1,137	0.50	569	
Commercial Square Footage 1-6, Bonded 7	1,364,902	0.0004	547	
				
		Total ERU:	5,763	
*Unit counts per updated property appraiser roll.

Assessments Budgeted
CDD 1-7 Bonded Area Total:	$	1,197,708	
		
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 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

	FISCAL YEAR 2021/2022
FINAL BUDGET	

REVENUES			

Interest Income		0	
Net Debt Collections		3,995,223	
Total Revenues	$	3,995,223	

EXPENDITURES			

Principal Payments		2,155,000	
Interest Payments		1,621,356	
Miscellaneous / Extra Redemption		218,866	
Total Expenditures	$	3,995,223	
			
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 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	

FISCAL YEAR	FISCAL YEAR
2020/2021	2021/2022
 	ANNUAL BUDGET		 	FINAL BUDGET	

COMMENTS	

SERVICE CHARGE - IRRIGATION	1,528,056	1,650,000	Projection
ENGINEERING REVENUE FEES	16,837	17,338

Total Revenues

$	1,544,894	$

1,667,338

EXPENSES	
FIELD OPERATIONS	0	0	Included under Mgmt Contract
TRUSTEE SERVICES	5,000	5,000
MANAGEMENT	291,972	356,060	Additional Employee and CPI Increase
ENGINEERING	40,000	40,000
PROFESSIONAL SERVICES, OTHER	5,000	5,000
DEVELOPMENT COORDINATOR	58,500	58,500	Split between CDDs and Irrigation
CITY FRANCHISE FEE	91,683	109,421	6% of Gross Receipts + Installments
TRAVEL AND PER DIEM	400	400
TELEPHONE	1,930	1,930
POSTAGE AND SHIPPING	253	253
BANK FEES	1,250	1,250
BAD DEBT	65,000	65,000
OFFICE SUPPLIES	250	250
FIELD SUPPLIES (OTHER)	2,000	2,000
DUES, LICENSES, FEES	2,300	2,300
VEHICLE, GAS, & REPAIR	1,000	1,000
ELECTRIC	105,000	105,000
WATER	170	170
OTHER UTILITIES	1,550	1,550
GENERAL INSURANCE	20,610	21,102
GENERAL REPAIR & MAINTENANCE	153,000	153,000
LANDSCAPING MAINTENANCE & MATERIAL	11,000	11,000
HVAC	4,500	4,500
RENEWAL AND REPLACEMENT	200,000	200,000
OTHER SYSTEM IMPROVEMENTS	75,000	75,000
OPERATING RESERVES/MISC	40,000	40,000
CONTINGENCY	0	39,627

Total Expenses

$	1,177,369	$

1,299,313

 	 	

EXCESS / (SHORTFALL)

$	367,525	$

368,025

PAYMENT TO TRUSTEE	(367,525)	(368,025)

BALANCE

$	0	$	0

 	 	

NET INCOME

$	-	$	-

FINAL DEBT SERVICE BUDGET TRADITION IRRIGATION SERIES 2017 BOND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

	FISCAL YEAR 2021/2022
FINAL BUDGET	

REVENUES				
Transfer from Operating Fund			368,025	
Total Revenues		$	368,025	

EXPENDITURES				
Principal Payments			115,000	
Interest Payments			253,025	
Total Expenditures		$	368,025	
				
Excess / (Shortfall)		$	-	

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