Tradition Community Development Districts #1-10

Proposed Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

3-4	PROPOSED BUDGET-RECAP CDD1-10
5-7	PROPOSED BUDGET-RECAP FY22 COMPARISON
8-9	PROPOSED BUDGET-CDD 1
10-11 PROPOSED BUDGET-CDD 2
12-13 PROPOSED BUDGET-CDD 3
14-15 PROPOSED BUDGET-CDD 4
16-17 PROPOSED BUDGET-CDD 5
18-19 PROPOSED BUDGET-CDD 6
20-21 PROPOSED BUDGET-CDD 7
22-23 PROPOSED BUDGET-CDD 8
24-25 PROPOSED BUDGET-CDD 9
26-27 PROPOSED BUDGET-CDD 10
PROPOSED O&M ASSESSMENT RECAP
PROPOSED DEBT SERVICE BUDGET SERIES 2014 BOND
PROPOSED DEBT SERVICE BUDGET SERIES 2021 BOND
PROPOSED BUDGET- IRRIGATION
PROPOSED 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	62,341	326,508	969,395	981,084	974,071	892,249	116,888	0	0	1,057,041	5,379,577	
ON-ROLL ASSESSMENTS - ADMIN	18,789	33,276	71,176	71,865	71,451	66,628	76,638	57,210	40,761	129,099	636,892	
ON-ROLL ASSESSMENTS - MAINT	27,374	143,369	425,658	430,791	427,711	391,783	51,325	0	0	93,583	1,991,594	
ON-ROLL ASSESSMENTS - TIM	3,746	19,620	0	0	0	0	69,678	49,168	30,672	128,071	300,956	
STORMWATER	11,339	59,389	176,325	178,451	177,176	162,293	21,261	0	0	38,766	825,000	
CARRY OVER FUNDS FROM PRIOR YEAR	0	0	0	0	0	0	0	0	0	0	0	
DEVELOPER CONTRIBUTION/BOND FUNDS - TIM		0		0		0		0		0		0		0		0		0		0		0	
Total Revenues		 $	123,589	 $	582,163	 $	1,642,554	 $	1,662,191	 $	1,650,409	 $	1,512,953	 $	335,791	 $	106,378	 $	71,432	 $	1,446,561	 $	9,134,020	

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	5	25	74	74	74	68	88	62	39	162	670	
DISSEMINATION AGENT 2	27	144	427	433	430	393	52	0	0	94	2,000	
DISTRICT COUNSEL	565	2,960	8,788	8,894	8,830	8,088	10,511	7,417	4,627	19,320	80,000	
MANAGEMENT	679	3,558	10,563	10,690	10,614	9,722	12,635	8,916	5,562	23,223	96,161	
ASSESSMENT ROLL	71	370	1,098	1,112	1,104	1,011	1,314	927	578	2,415	10,000	
DUES, LICENSES & FEES 1	175	175	175	175	175	175	175	175	175	175	1,750	
ENGINEERING	353	1,850	5,492	5,558	5,519	5,055	6,570	4,636	2,892	12,075	50,000	
GENERAL INSURANCE 1	783	4,102	12,177	12,324	12,236	11,208	14,566	10,278	6,412	26,773	110,860	
WEB SITE MAINTENANCE 1	750	750	750	750	750	750	750	750	750	750	7,500	
LEGAL ADVERTISING	46	240	714	723	717	657	854	603	376	1,570	6,500	
TRAVEL AND PER DIEM	7	37	110	111	110	101	131	93	58	242	1,000	
OFFICE SUPPLIES	18	92	275	278	276	253	328	232	145	604	2,500	
POSTAGE & SHIPPING	1	7	22	22	22	20	26	19	12	48	200	
COPIES	7	37	110	111	110	101	131	93	58	242	1,000	
SUPERVISOR FEES1	6,480	6,480	6,480	6,480	6,480	6,480	6,480	6,480	6,480	6,480	64,800	
TRUSTEE SERVICES 2	247	1,296	3,847	3,893	3,866	3,541	464	0	0	846	18,000	
OFFICE RENT	177	925	2,746	2,779	2,759	2,528	3,285	2,318	1,446	6,038	25,000	
CONTINUING DISCLOSURE FEE2	41	216	641	649	644	590	77	0	0	141	3,000	
CONTINGENCY - ADMIN	353	1,850	5,492	5,558	5,519	5,055	6,570	4,636	2,892	12,075	50,000	
TOTAL ADMINISTRATIVE EXPENSES	17,286	30,614	65,482	66,116	65,735	61,298	70,507	52,633	37,500	118,771	585,941	

	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		3,505		18,357		54,500		55,158		54,763		50,163		6,572		0		0		11,982		255,000	
TIM OPERATIONS		3,746		19,620		0		0		0		0		69,678		49,168		30,672		128,071		300,956	
BUILDING, BRIDGE, MONUMENT MAINTENANCE		4,123		21,596		64,118		64,891		64,427		59,016		7,731		0		0		14,097		300,000	
CONTINGENCY - MAINTENANCE		687		3,599		10,686		10,815		10,738		9,836		1,289		0		0		2,349		50,000	
COMMUNITY AREA MAINTENANCE		550		2,879		8,549		8,652		8,590		7,869		1,031		0		0		1,880		40,000	
DEVLOPMENT COORDINATOR		840		4,398		13,059		13,216		13,122		12,019		1,575		0		0		2,871		61,100	
ELECTRIC		962		5,039		14,961		15,141		15,033		13,770		1,804		0		0		3,289		70,000	
ENGINEERING		1,374		7,199		21,373		21,630		21,476		19,672		2,577		0		0		4,699		100,000	
FIELD MANAGEMENT		2,717		14,229		42,247		42,756		42,451		38,885		5,094		0		0		9,288		197,667	
FOUNTAIN MAINTENANCE & CHEMICALS		412		2,160		6,412		6,489		6,443		5,902		773		0		0		1,410		30,000	
LANDSCAPING MAINTENANCE & MATERIALS		13,057		68,388		203,041		205,489		204,020		186,883		24,482		0		0		44,640		950,000	
IRRIGATION		2,089		10,942		32,487		32,878		32,643		29,901		3,917		0		0		7,142		152,000	
IRRIGATION PARTS & REPAIRS		344		1,800		5,343		5,408		5,369		4,918		644		0		0		1,175		25,000	
SECURITY		1,010		5,291		15,709		15,898		15,785		14,459		1,894		0		0		3,454		73,500	
SIDEWALK CLEANING		412		2,160		6,412		6,489		6,443		5,902		773		0		0		1,410		30,000	
SIDEWALK REPAIR		1,237		6,479		19,235		19,467		19,328		17,705		2,319		0		0		4,229		90,000	
SIGNAGE		137		720		2,137		2,163		2,148		1,967		258		0		0		470		10,000	
STREETLIGHTS		619		3,239		9,618		9,734		9,664		8,852		1,160		0		0		2,115		45,000	
STORMWATER MANAGEMENT		82		432		1,282		1,298		1,289		1,180		155		0		0		282		6,000	
TREE/PLANT REPLACEMENT & TRIM		2,364		12,382		36,761		37,204		36,938		33,836		4,433		0		0		8,082		172,000	
TOTAL MAINTENANCE EXPENSES		40,269		210,909		567,931		574,779		570,670		522,734		138,159		49,168		30,672		252,934		2,958,223	
																							
Total Expenditures			 $	57,555		 $	241,523		 $	633,412		 $	640,894		 $	636,405		 $	584,031		 $	208,666		 $	101,801		 $	68,171		 $	371,705		 $	3,544,164	
EXCESS / (SHORTFALL)			 $	66,034		 $	340,640		 $	1,009,142		 $	1,021,296		 $	1,014,004		 $	928,922		 $	127,126		 $	4,577		 $	3,261		 $	1,074,856		 $	5,589,856	

PAYMENTS TO TRUSTEE		
(57,353)		
(300,388)		
(891,843)		
(902,597)		
(896,145)		
(820,869)		
(107,537)		
0		
0		
(972,478)		
(4,949,211)	
BALANCE			 $	8,680		 $	40,252		 $	117,298		 $	118,699		 $	117,859		 $	108,053		 $	19,588		 $	4,577		 $	3,261		 $	102,378		 $	640,645	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(4,340)		
(20,126)		
(58,649)		
(59,350)		
(58,929)		
(54,026)		
(9,794)		
(2,288)		
(1,630)		
(51,189)		
(320,323)	
DISCOUNTS FOR EARLY PAYMENTS		(4,340)		(20,126)		(58,649)		(59,350)		(58,929)		(54,026)		(9,794)		(2,288)		(1,630)		(51,189)		(320,323)	
NET EXCESS / (SHORTFALL)			 $	-			 $	-			 $	-			 $	-			 $	-			 $	-			 $	-			 $	-			 $	-			 $	-			 $	-		
- District Specific Expense
- Pertains only to 2003 Area																							

	FISCAL YEAR	FISCAL YEAR		
	2021/2022	2022/2023		
		ANNUAL BUDGET			PROPOSED BUDGET		COMMENTS		
REVENUES	
ON-ROLL ASSESSMENTS - Debt	
4,342,633	
5,379,577		
ON-ROLL ASSESSMENTS - ADMIN	275,857	636,892		
ON-ROLL ASSESSMENTS - MAINT	1,103,266	1,991,594		
ON-ROLL ASSESSMENTS - TIM	0	300,956		
STORMWATER	750,000	825,000		
CARRY OVER FUNDS FROM PRIOR YEAR	576,117	0	Used in prior year to keep assessments low	
DEVELOPER CONTRIBUTION - TIM	1,113,700	0		
Total Revenues		$	8,161,573		$	9,134,020		
EXPENDITURES - ADMIN	
AUDIT 1	
55,000	
55,000	

No Change	
BANK FEES	670	670	No Change	
DISSEMINATION AGENT 2	1,000	2,000	Increase for future bonds (Western Grove)	
DISTRICT COUNSEL	80,000	80,000	No Change	
MANAGEMENT	93,360	96,161	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	96,400	110,860	Estimating increase (Up to 15%)	
WEB SITE MAINTENANCE 1	7,500	7,500	No Change	
LEGAL ADVERTISING	6,500	6,500	No Change	
MISCELLANEOUS	1,000	0	Line item removed, will be Contingency	
MEETING ROOM	0	0	No longer charged for meeting room	
HOLIDAY DECORATIONS	35,000	0	No longer purchasing decorations	
TRAVEL AND PER DIEM	2,000	1,000	Based on FY22 Trend	
OFFICE SUPPLIES	2,500	2,500	No Change	
POSTAGE & SHIPPING	400	200	Based on FY22 Trend	
COPIES	4,500	1,000	Based on FY22 Trend	
SUPERVISOR FEES1	64,800	64,800	No Change	
TRUSTEE SERVICES 2	14,000	18,000	Increase for future bonds (Western Grove)	
OFFICE RENT	25,000	25,000	Includes Office and Storage	
CONTINUING DISCLOSURE FEE2	1,500	3,000	Increase for future bonds (Western Grove)	
CONTINGENCY - ADMIN	5,000	50,000	Estimating ~10% of Admin Expenses	
TIM - CAPITAL	720,000	0	Removed - Future bond requisitions will be used	
TOTAL ADMIN EXPENSES	1,277,880	585,941		

FISCAL YEAR	FISCAL YEAR		
2021/2022	2022/2023		
	ANNUAL BUDGET			PROPOSED BUDGET		COMMENTS		

EXPENDITURES - MAINT				

LAKE MAINTENANCE	242,300	255,000	Per contract, now inlcudes Wetland maintenance	
TIM OPERATIONS	393,700	300,956	See TIM (FKA BEEP) assessment page	
BUILDING, BRIDGE, MONUMENT MAINTENAN	10,000	300,000	Towers, waterfall, gazebos, fence and Village Pkwy rails	
CONTINGENCY - MAINTENANCE	30,000	50,000	Estimating ~1.5% of Maint Expenses	
COMMUNITY AREA MAINTENANCE	40,000	40,000	No Change	
DEVLOPMENT COORDINATOR	59,320	61,100	CPI Increase per contract	
PAINTING	5,000	0	Included in Community Area Maint	
FENCE MAINTENANCE	3,000	0	Included in Community Area Maint	
ELECTRIC	60,000	70,000	Based on FY22 Trend	
ENGINEERING	100,000	100,000	No Change	
FIELD MANAGEMENT	191,910	197,667	CPI Increase per contract	
FOUNTAIN MAINTENANCE & CHEMICALS	40,000	30,000	Based on FY22 Trend	
LANDSCAPING MAINTENANCE & MATERIALS	847,000	950,000	Additional roadways/medians plus mulch	
IRRIGATION	150,000	152,000	Additional roadways/medians under irrigation	
IRRIGATION PARTS & REPAIRS	25,000	25,000	No Change	
PEST CONTROL	6,500	0	Included in Community Area Maint	
SECURITY	42,000	73,500	Additional Patrol Officer	
SIDEWALK CLEANING	20,000	30,000	Pressure washing all CDD sidewalks & common areas	
SIDEWALK REPAIR	10,000	90,000	Replacing damaged panels for ADA compliance	
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	172,000	Increased services and coverage area	
WETLAND UPLAND MAINTENANCE	4,000	0	Included in Lake Maintenance Contract	
TOTAL MAINTENANCE EXPENSES	2,430,730	2,958,223		

 		

Total Expenditures

$	3,708,610	$

3,544,164

FISCAL YEAR	FISCAL YEAR		
2021/2022
	ANNUAL BUDGET		2022/2023
	PROPOSED BUDGET		
COMMENTS		

 		

EXCESS / (SHORTFALL)

$	4,452,963	$

5,589,856

PAYMENT TO TRUSTEE			(3,995,223)			(4,949,211)	
BALANCE		$	457,740		$	640,645	

COUNTY APPRAISER & TAX COLLECTOR FEE			
(228,870)			
(320,323)	
DISCOUNTS FOR EARLY PAYMENTS			(228,870)			(320,323)	
NET EXCESS / (SHORTFALL)		$	-		$	-	
1 - District Specific Expense							
2 - Pertains only to 2003 Area							

	FISCAL YEAR		FISCAL YEAR	
	2021/2022		2022/2023	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	54,225		62,341	
ON-ROLL ASSESSMENTS - ADMIN	17,421		18,789	
ON-ROLL ASSESSMENTS - MAINT	13,776		27,374	
ON-ROLL ASSESSMENTS - TIM	0		3,746	
STORMWATER	9,365		11,339	
CARRY OVER FUNDS FROM PRIOR YEAR	6,793		0	
DEVELOPER CONTRIBUTION - TIM	1,113,700		0	

Total Revenues	$	1,215,281		$	123,589	

EXPENDITURES - ADMIN				

AUDIT 1	6,500		6,500	
BANK FEES	4		5	
DISSEMINATION AGENT 2	12		27	
DISTRICT COUNSEL	492		565	
MANAGEMENT	574		679	
ASSESSMENT ROLL	61		71	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	307		353	
GENERAL INSURANCE 1	593		783	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	40		46	
MISCELLANEOUS	6		0	
MEETING ROOM	0		0	
HOLIDAY DECORATIONS	215		0	
TRAVEL AND PER DIEM	12		7	
OFFICE SUPPLIES	15		18	
POSTAGE & SHIPPING	2		1	
COPIES	28		7	
SUPERVISOR FEES1	9,257		6,480	
TELEPHONE	0		0	
TRUSTEE SERVICES 2	175		247	
OFFICE RENT	154		177	
CONTINUING DISCLOSURE FEE2	19		41	
CONTINGENCY - ADMIN	31		353	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	720,000		0	
TOTAL ADMIN EXPENSES	739,424		17,286	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		3,026			3,505	
TIM OPERATIONS		393,700			3,746	
BUILDING, BRIDGE, MONUMENT MAINTENANC		125			4,123	
CONTINGENCY - MAINTENANCE		375			687	
COMMUNITY AREA MAINTENANCE		499			550	
DEVLOPMENT COORDINATOR		741			840	
PAINTING		62			0	
FENCE MAINTENANCE		37			0	
ELECTRIC		749			962	
ENGINEERING		1,249			1,374	
FIELD MANAGEMENT		2,396			2,717	
FOUNTAIN MAINTENANCE & CHEMICALS		499			412	
LANDSCAPING MAINTENANCE & MATERIALS		10,576			13,057	
IRRIGATION		1,873			2,089	
IRRIGATION PARTS & REPAIRS		312			344	
PEST CONTROL		81			0	
SECURITY		524			1,010	
SIDEWALK CLEANING		250			412	
SIDEWALK REPAIR		125			1,237	
SIGNAGE		125			137	
STREETLIGHTS		562			619	
STORMWATER MANAGEMENT		75			82	
TREE/PLANT REPLACEMENT & TRIM		1,124			2,364	
WETLAND UPLAND MAINTENANCE		50			0	
TOTAL MAINTENANCE EXPENSES		419,136			40,269	

						
Total Expenditures	$	1,158,559		$	57,555	

EXCESS / (SHORTFALL)		$	56,721		$	66,034	

PAYMENT TO TRUSTEE			
(49,887)			
(57,353)	
BALANCE		$	6,834		$	8,680	

COUNTY APPRAISER & TAX COLLECTOR FEE			
(3,417)			
(4,340)	
DISCOUNTS FOR EARLY PAYMENTS			(3,417)			(4,340)	
NET EXCESS / (SHORTFALL)		$	-		$	-	
1 - District Specific Expense							
2 - Pertains only to 2003 Area							

	FISCAL YEAR		FISCAL YEAR	
	2021/2022		2022/2023	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	324,578		326,508	
ON-ROLL ASSESSMENTS - ADMIN	12,784		33,276	
ON-ROLL ASSESSMENTS - MAINT	82,460		143,369	
ON-ROLL ASSESSMENTS - TIM	0		19,620	
STORMWATER	56,057		59,389	
CARRY OVER FUNDS FROM PRIOR YEAR	40,663		0	
DEVELOPER CONTRIBUTION - TIM	0		0	

Total Revenues	$	516,542		$	582,163	

EXPENDITURES - ADMIN				

AUDIT 1	5,500		5,500	
BANK FEES	25		25	
DISSEMINATION AGENT 2	75		144	
DISTRICT COUNSEL	2,945		2,960	
MANAGEMENT	3,437		3,558	
ASSESSMENT ROLL	368		370	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	1,840		1,850	
GENERAL INSURANCE 1	3,548		4,102	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	239		240	
MISCELLANEOUS	37		0	
MEETING ROOM	0		0	
HOLIDAY DECORATIONS	1,288		0	
TRAVEL AND PER DIEM	74		37	
OFFICE SUPPLIES	92		92	
POSTAGE & SHIPPING	15		7	
COPIES	166		37	
SUPERVISOR FEES1	9,257		6,480	
TELEPHONE	0		0	
TRUSTEE SERVICES 2	1,046		1,296	
OFFICE RENT	920		925	
CONTINUING DISCLOSURE FEE2	112		216	
CONTINGENCY - ADMIN	184		1,850	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	32,093		30,614	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		18,110			18,357	
TIM OPERATIONS		0			19,620	
BUILDING, BRIDGE, MONUMENT MAINTENANC		747			21,596	
CONTINGENCY - MAINTENANCE		2,242			3,599	
COMMUNITY AREA MAINTENANCE		2,990			2,879	
DEVLOPMENT COORDINATOR		4,434			4,398	
PAINTING		374			0	
FENCE MAINTENANCE		224			0	
ELECTRIC		4,485			5,039	
ENGINEERING		7,474			7,199	
FIELD MANAGEMENT		14,344			14,229	
FOUNTAIN MAINTENANCE & CHEMICALS		2,990			2,160	
LANDSCAPING MAINTENANCE & MATERIALS		63,307			68,388	
IRRIGATION		11,211			10,942	
IRRIGATION PARTS & REPAIRS		1,869			1,800	
PEST CONTROL		486			0	
SECURITY		3,139			5,291	
SIDEWALK CLEANING		1,495			2,160	
SIDEWALK REPAIR		747			6,479	
SIGNAGE		747			720	
STREETLIGHTS		3,363			3,239	
STORMWATER MANAGEMENT		448			432	
TREE/PLANT REPLACEMENT & TRIM		6,727			12,382	
WETLAND UPLAND MAINTENANCE		299			0	
TOTAL MAINTENANCE EXPENSES		152,252			210,909	

						
Total Expenditures	$	184,345		$	241,523	

						
EXCESS / (SHORTFALL)	$	332,197		$	340,640	

PAYMENT TO TRUSTEE		
(298,611)			
(300,388)	

BALANCE	$	33,586		$	40,252	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(16,793)			
(20,126)	
DISCOUNTS FOR EARLY PAYMENTS		(16,793)			(20,126)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

	FISCAL YEAR		FISCAL YEAR	
	2021/2022		2022/2023	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	963,663		969,395	
ON-ROLL ASSESSMENTS - ADMIN	4,393		71,176	
ON-ROLL ASSESSMENTS - MAINT	244,823		425,658	
ON-ROLL ASSESSMENTS - TIM	0		0	
STORMWATER	166,431		176,325	
CARRY OVER FUNDS FROM PRIOR YEAR	120,729		0	
DEVELOPER CONTRIBUTION - TIM	0		0	

Total Revenues	$	1,500,038		$	1,642,554	

EXPENDITURES - ADMIN				

AUDIT 1	5,500		5,500	
BANK FEES	73		74	
DISSEMINATION AGENT 2	222		427	
DISTRICT COUNSEL	8,743		8,788	
MANAGEMENT	10,203		10,563	
ASSESSMENT ROLL	1,093		1,098	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	5,464		5,492	
GENERAL INSURANCE 1	10,535		12,177	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	710		714	
MISCELLANEOUS	109		0	
MEETING ROOM	0		0	
HOLIDAY DECORATIONS	3,825		0	
TRAVEL AND PER DIEM	219		110	
OFFICE SUPPLIES	273		275	
POSTAGE & SHIPPING	44		22	
COPIES	492		110	
SUPERVISOR FEES1	9,257		6,480	
TELEPHONE	0		0	
TRUSTEE SERVICES 2	3,107		3,847	
OFFICE RENT	2,732		2,746	
CONTINUING DISCLOSURE FEE2	333		641	
CONTINGENCY - ADMIN	546		5,492	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	64,406		65,482	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		53,768		54,500	
TIM OPERATIONS		0		0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		2,219		64,118	
CONTINGENCY - MAINTENANCE		6,657		10,686	
COMMUNITY AREA MAINTENANCE		8,876		8,549	
DEVLOPMENT COORDINATOR		13,164		13,059	
PAINTING		1,110		0	
FENCE MAINTENANCE		666		0	
ELECTRIC		13,314		14,961	
ENGINEERING		22,191		21,373	
FIELD MANAGEMENT		42,586		42,247	
FOUNTAIN MAINTENANCE & CHEMICALS		8,876		6,412	
LANDSCAPING MAINTENANCE & MATERIALS		187,956		203,041	
IRRIGATION		33,286		32,487	
IRRIGATION PARTS & REPAIRS		5,547		5,343	
PEST CONTROL		1,442		0	
SECURITY		9,320		15,709	
SIDEWALK CLEANING		4,438		6,412	
SIDEWALK REPAIR		2,219		19,235	
SIGNAGE		2,219		2,137	
STREETLIGHTS		9,986		9,618	
STORMWATER MANAGEMENT		1,331		1,282	
TREE/PLANT REPLACEMENT & TRIM		19,972		36,761	
WETLAND UPLAND MAINTENANCE		888		0	
TOTAL MAINTENANCE EXPENSES		452,032		567,931	

					
Total Expenditures	$	516,438		$	633,412	

					
EXCESS / (SHORTFALL)	$	983,600		$	1,009,142	

PAYMENT TO TRUSTEE		
(886,570)		
(891,843)	

BALANCE	$	97,030		$	117,298	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(48,515)		
(58,649)	
DISCOUNTS FOR EARLY PAYMENTS		(48,515)		(58,649)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

	FISCAL YEAR		FISCAL YEAR	
	2021/2022		2022/2023	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	975,282		981,084	
ON-ROLL ASSESSMENTS - ADMIN	4,240		71,865	
ON-ROLL ASSESSMENTS - MAINT	247,775		430,791	
ON-ROLL ASSESSMENTS - TIM	0		0	
STORMWATER	168,437		178,451	
CARRY OVER FUNDS FROM PRIOR YEAR	122,184		0	
DEVELOPER CONTRIBUTION - TIM	0		0	

Total Revenues	$	1,517,919		$	1,662,191	

EXPENDITURES - ADMIN				

AUDIT 1	5,500		5,500	
BANK FEES	74		74	
DISSEMINATION AGENT 2	225		433	
DISTRICT COUNSEL	8,848		8,894	
MANAGEMENT	10,327		10,690	
ASSESSMENT ROLL	1,106		1,112	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	5,530		5,558	
GENERAL INSURANCE 1	10,663		12,324	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	719		723	
MISCELLANEOUS	111		0	
MEETING ROOM	0		0	
HOLIDAY DECORATIONS	3,871		0	
TRAVEL AND PER DIEM	221		111	
OFFICE SUPPLIES	277		278	
POSTAGE & SHIPPING	44		22	
COPIES	498		111	
SUPERVISOR FEES1	9,257		6,480	
TELEPHONE	0		0	
TRUSTEE SERVICES 2	3,144		3,893	
OFFICE RENT	2,765		2,779	
CONTINUING DISCLOSURE FEE2	337		649	
CONTINGENCY - ADMIN	553		5,558	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	64,993		66,116	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		54,417		55,158	
TIM OPERATIONS		0		0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		2,246		64,891	
CONTINGENCY - MAINTENANCE		6,737		10,815	
COMMUNITY AREA MAINTENANCE		8,983		8,652	
DEVLOPMENT COORDINATOR		13,322		13,216	
PAINTING		1,123		0	
FENCE MAINTENANCE		674		0	
ELECTRIC		13,475		15,141	
ENGINEERING		22,458		21,630	
FIELD MANAGEMENT		43,100		42,756	
FOUNTAIN MAINTENANCE & CHEMICALS		8,983		6,489	
LANDSCAPING MAINTENANCE & MATERIALS		190,222		205,489	
IRRIGATION		33,687		32,878	
IRRIGATION PARTS & REPAIRS		5,615		5,408	
PEST CONTROL		1,460		0	
SECURITY		9,432		15,898	
SIDEWALK CLEANING		4,492		6,489	
SIDEWALK REPAIR		2,245		19,467	
SIGNAGE		2,245		2,163	
STREETLIGHTS		10,106		9,734	
STORMWATER MANAGEMENT		1,347		1,298	
TREE/PLANT REPLACEMENT & TRIM		20,212		37,204	
WETLAND UPLAND MAINTENANCE		898		0	
TOTAL MAINTENANCE EXPENSES		457,483		574,779	

					
Total Expenditures	$	522,475		$	640,894	

					
EXCESS / (SHORTFALL)	$	995,444		$	1,021,296	

PAYMENT TO TRUSTEE		
(897,260)		
(902,597)	

BALANCE	$	98,184		$	118,699	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(49,092)		
(59,350)	
DISCOUNTS FOR EARLY PAYMENTS		(49,092)		(59,350)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

	FISCAL YEAR		FISCAL YEAR	
	2021/2022		2022/2023	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	968,311		974,071	
ON-ROLL ASSESSMENTS - ADMIN	4,332		71,451	
ON-ROLL ASSESSMENTS - MAINT	246,004		427,711	
ON-ROLL ASSESSMENTS - TIM	0		0	
STORMWATER	167,233		177,176	
CARRY OVER FUNDS FROM PRIOR YEAR	121,311		0	
DEVELOPER CONTRIBUTION - TIM	0		0	

Total Revenues	$	1,507,190		$	1,650,409	

EXPENDITURES - ADMIN				

AUDIT 1	5,500		5,500	
BANK FEES	74		74	
DISSEMINATION AGENT 2	223		430	
DISTRICT COUNSEL	8,785		8,830	
MANAGEMENT	10,252		10,614	
ASSESSMENT ROLL	1,098		1,104	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	5,491		5,519	
GENERAL INSURANCE 1	10,586		12,236	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	714		717	
MISCELLANEOUS	110		0	
MEETING ROOM	0		0	
HOLIDAY DECORATIONS	3,843		0	
TRAVEL AND PER DIEM	220		110	
OFFICE SUPPLIES	275		276	
POSTAGE & SHIPPING	44		22	
COPIES	494		110	
SUPERVISOR FEES1	9,257		6,480	
TELEPHONE	0		0	
TRUSTEE SERVICES 2	3,122		3,866	
OFFICE RENT	2,745		2,759	
CONTINUING DISCLOSURE FEE2	334		644	
CONTINGENCY - ADMIN	549		5,519	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	64,641		65,735	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		54,028		54,763	
TIM OPERATIONS		0		0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		2,230		64,427	
CONTINGENCY - MAINTENANCE		6,689		10,738	
COMMUNITY AREA MAINTENANCE		8,919		8,590	
DEVLOPMENT COORDINATOR		13,227		13,122	
PAINTING		1,115		0	
FENCE MAINTENANCE		669		0	
ELECTRIC		13,379		15,033	
ENGINEERING		22,298		21,476	
FIELD MANAGEMENT		42,792		42,451	
FOUNTAIN MAINTENANCE & CHEMICALS		8,919		6,443	
LANDSCAPING MAINTENANCE & MATERIALS		188,862		204,020	
IRRIGATION		33,447		32,643	
IRRIGATION PARTS & REPAIRS		5,574		5,369	
PEST CONTROL		1,449		0	
SECURITY		9,365		15,785	
SIDEWALK CLEANING		4,460		6,443	
SIDEWALK REPAIR		2,230		19,328	
SIGNAGE		2,229		2,148	
STREETLIGHTS		10,034		9,664	
STORMWATER MANAGEMENT		1,338		1,289	
TREE/PLANT REPLACEMENT & TRIM		20,068		36,938	
WETLAND UPLAND MAINTENANCE		892		0	
TOTAL MAINTENANCE EXPENSES		454,212		570,670	

					
Total Expenditures	$	518,853		$	636,405	

					
EXCESS / (SHORTFALL)	$	988,337		$	1,014,004	

PAYMENT TO TRUSTEE		
(890,846)		
(896,145)	

BALANCE	$	97,491		$	117,859	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(48,746)		
(58,929)	
DISCOUNTS FOR EARLY PAYMENTS		(48,746)		(58,929)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

	FISCAL YEAR		FISCAL YEAR	
	2021/2022		2022/2023	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	886,973		892,249	
ON-ROLL ASSESSMENTS - ADMIN	5,400		66,628	
ON-ROLL ASSESSMENTS - MAINT	225,339		391,783	
ON-ROLL ASSESSMENTS - TIM	0		0	
STORMWATER	153,185		162,293	
CARRY OVER FUNDS FROM PRIOR YEAR	111,121		0	
DEVELOPER CONTRIBUTION - TIM	0		0	

Total Revenues	$	1,382,018		$	1,512,953	

EXPENDITURES - ADMIN				

AUDIT 1	5,500		5,500	
BANK FEES	67		68	
DISSEMINATION AGENT 2	204		393	
DISTRICT COUNSEL	8,047		8,088	
MANAGEMENT	9,391		9,722	
ASSESSMENT ROLL	1,006		1,011	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	5,029		5,055	
GENERAL INSURANCE 1	9,697		11,208	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	654		657	
MISCELLANEOUS	101		0	
MEETING ROOM	0		0	
HOLIDAY DECORATIONS	3,521		0	
TRAVEL AND PER DIEM	201		101	
OFFICE SUPPLIES	251		253	
POSTAGE & SHIPPING	40		20	
COPIES	453		101	
SUPERVISOR FEES1	9,257		6,480	
TELEPHONE	0		0	
TRUSTEE SERVICES 2	2,859		3,541	
OFFICE RENT	2,515		2,528	
CONTINUING DISCLOSURE FEE2	306		590	
CONTINGENCY - ADMIN	503		5,055	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	60,528		61,298	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		49,489			50,163	
TIM OPERATIONS		0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		2,042			59,016	
CONTINGENCY - MAINTENANCE		6,127			9,836	
COMMUNITY AREA MAINTENANCE		8,170			7,869	
DEVLOPMENT COORDINATOR		12,116			12,019	
PAINTING		1,021			0	
FENCE MAINTENANCE		613			0	
ELECTRIC		12,255			13,770	
ENGINEERING		20,425			19,672	
FIELD MANAGEMENT		39,197			38,885	
FOUNTAIN MAINTENANCE & CHEMICALS		8,170			5,902	
LANDSCAPING MAINTENANCE & MATERIALS		172,998			186,883	
IRRIGATION		30,637			29,901	
IRRIGATION PARTS & REPAIRS		5,106			4,918	
PEST CONTROL		1,328			0	
SECURITY		8,578			14,459	
SIDEWALK CLEANING		4,085			5,902	
SIDEWALK REPAIR		2,042			17,705	
SIGNAGE		2,042			1,967	
STREETLIGHTS		9,191			8,852	
STORMWATER MANAGEMENT		1,225			1,180	
TREE/PLANT REPLACEMENT & TRIM		18,382			33,836	
WETLAND UPLAND MAINTENANCE		817			0	
TOTAL MAINTENANCE EXPENSES		416,059			522,734	

						
Total Expenditures	$	476,586		$	584,031	

						
EXCESS / (SHORTFALL)	$	905,432		$	928,922	

PAYMENT TO TRUSTEE		
(816,015)			
(820,869)	

BALANCE	$	89,417		$	108,053	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(44,708)			
(54,026)	
DISCOUNTS FOR EARLY PAYMENTS		(44,708)			(54,026)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

	FISCAL YEAR		FISCAL YEAR	
	2021/2022		2022/2023	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	169,602		116,888	
ON-ROLL ASSESSMENTS - ADMIN	67,461		76,638	
ON-ROLL ASSESSMENTS - MAINT	43,088		51,325	
ON-ROLL ASSESSMENTS - TIM	0		69,678	
STORMWATER	29,291		21,261	
CARRY OVER FUNDS FROM PRIOR YEAR	21,248		0	
DEVELOPER CONTRIBUTION - TIM	0		0	

Total Revenues	$	330,691		$	335,791	

EXPENDITURES - ADMIN				

AUDIT 1	5,500		5,500	
BANK FEES	92		88	
DISSEMINATION AGENT 2	39		52	
DISTRICT COUNSEL	10,935		10,511	
MANAGEMENT	12,761		12,635	
ASSESSMENT ROLL	1,367		1,314	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	6,835		6,570	
GENERAL INSURANCE 1	13,177		14,566	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	888		854	
MISCELLANEOUS	137		0	
MEETING ROOM	0		0	
HOLIDAY DECORATIONS	4,784		0	
TRAVEL AND PER DIEM	273		131	
OFFICE SUPPLIES	342		328	
POSTAGE & SHIPPING	55		26	
COPIES	615		131	
SUPERVISOR FEES1	9,257		6,480	
TELEPHONE	0		0	
TRUSTEE SERVICES 2	547		464	
OFFICE RENT	3,417		3,285	
CONTINUING DISCLOSURE FEE2	59		77	
CONTINGENCY - ADMIN	683		6,570	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	72,688		70,507	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		9,463			6,572	
TIM OPERATIONS		0			69,678	
BUILDING, BRIDGE, MONUMENT MAINTENANC		391			7,731	
CONTINGENCY - MAINTENANCE		1,172			1,289	
COMMUNITY AREA MAINTENANCE		1,562			1,031	
DEVLOPMENT COORDINATOR		2,317			1,575	
PAINTING		195			0	
FENCE MAINTENANCE		117			0	
ELECTRIC		2,343			1,804	
ENGINEERING		3,906			2,577	
FIELD MANAGEMENT		7,495			5,094	
FOUNTAIN MAINTENANCE & CHEMICALS		1,562			773	
LANDSCAPING MAINTENANCE & MATERIALS		33,080			24,482	
IRRIGATION		5,858			3,917	
IRRIGATION PARTS & REPAIRS		976			644	
PEST CONTROL		254			0	
SECURITY		1,640			1,894	
SIDEWALK CLEANING		781			773	
SIDEWALK REPAIR		391			2,319	
SIGNAGE		391			258	
STREETLIGHTS		1,757			1,160	
STORMWATER MANAGEMENT		234			155	
TREE/PLANT REPLACEMENT & TRIM		3,514			4,433	
WETLAND UPLAND MAINTENANCE		156			0	
TOTAL MAINTENANCE EXPENSES		79,556			138,159	

						
Total Expenditures	$	152,243		$	208,666	

						
EXCESS / (SHORTFALL)	$	178,447		$	127,126	

PAYMENT TO TRUSTEE		
(156,034)			
(107,537)	

BALANCE	$	22,413		$	19,588	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(11,206)			
(9,794)	
DISCOUNTS FOR EARLY PAYMENTS		(11,206)			(9,794)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

	FISCAL YEAR		FISCAL YEAR	
	2021/2022		2022/2023	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	0		0	
ON-ROLL ASSESSMENTS - ADMIN	39,539		57,210	
ON-ROLL ASSESSMENTS - MAINT	0		0	
ON-ROLL ASSESSMENTS - TIM	0		49,168	
STORMWATER	0		0	
CARRY OVER FUNDS FROM PRIOR YEAR	7,583		0	
DEVELOPER CONTRIBUTION - TIM	0		0	

Total Revenues	$	47,123		$	106,378	

EXPENDITURES - ADMIN				

AUDIT 1	5,000		5,000	
BANK FEES	62		62	
DISSEMINATION AGENT 2	0		0	
DISTRICT COUNSEL	7,379		7,417	
MANAGEMENT	8,612		8,916	
ASSESSMENT ROLL	922		927	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	4,612		4,636	
GENERAL INSURANCE 1	8,892		10,278	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	600		603	
MISCELLANEOUS	92		0	
MEETING ROOM	0		0	
HOLIDAY DECORATIONS	3,229		0	
TRAVEL AND PER DIEM	184		93	
OFFICE SUPPLIES	231		232	
POSTAGE & SHIPPING	37		19	
COPIES	415		93	
SUPERVISOR FEES1	0		6,480	
TELEPHONE	0		0	
TRUSTEE SERVICES 2	0		0	
OFFICE RENT	2,306		2,318	
CONTINUING DISCLOSURE FEE2	0		0	
CONTINGENCY - ADMIN	461		4,636	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	43,960		52,633	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		0			0	
TIM OPERATIONS		0			49,168	
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			49,168	

						
Total Expenditures	$	43,960		$	101,801	

						
EXCESS / (SHORTFALL)	$	3,163		$	4,577	

PAYMENT TO TRUSTEE		
-			
-	

BALANCE	$	3,163		$	4,577	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(1,582)			
(2,288)	
DISCOUNTS FOR EARLY PAYMENTS		(1,582)			(2,288)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

	FISCAL YEAR		FISCAL YEAR	
	2021/2022		2022/2023	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	0		0	
ON-ROLL ASSESSMENTS - ADMIN	27,088		40,761	
ON-ROLL ASSESSMENTS - MAINT	0		0	
ON-ROLL ASSESSMENTS - TIM	0		30,672	
STORMWATER	0		0	
CARRY OVER FUNDS FROM PRIOR YEAR	4,731		0	
DEVELOPER CONTRIBUTION - TIM	0		0	

Total Revenues	$	31,818		$	71,432	

EXPENDITURES - ADMIN				

AUDIT 1	5,000		5,000	
BANK FEES	39		39	
DISSEMINATION AGENT 2	0		0	
DISTRICT COUNSEL	4,603		4,627	
MANAGEMENT	5,372		5,562	
ASSESSMENT ROLL	575		578	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	2,877		2,892	
GENERAL INSURANCE 1	5,547		6,412	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	374		376	
MISCELLANEOUS	58		0	
MEETING ROOM	0		0	
HOLIDAY DECORATIONS	2,014		0	
TRAVEL AND PER DIEM	115		58	
OFFICE SUPPLIES	144		145	
POSTAGE & SHIPPING	23		12	
COPIES	259		58	
SUPERVISOR FEES1	0		6,480	
TELEPHONE	0		0	
TRUSTEE SERVICES 2	0		1,446	
OFFICE RENT	1,439		0	
CONTINUING DISCLOSURE FEE2	0		2,892	
CONTINGENCY - ADMIN	288		0	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	29,651		37,500	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		0			0	
TIM OPERATIONS		0			30,672	
BUILDING, BRIDGE, MONUMENT MAINTENANC		0			0	
CONTINGENCY - MAINTENANCE		0			0	
COMMUNITY AREA MAINTENANCE		0			0	
DEVLOPMENT COORDINATOR		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	
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	
TOTAL MAINTENANCE EXPENSES		0			30,672	

						
Total Expenditures	$	29,651		$	68,171	

						
EXCESS / (SHORTFALL)	$	2,167		$	3,261	

PAYMENT TO TRUSTEE		
-			
-	

BALANCE	$	2,167		$	3,261	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(1,084)			
(1,630)	
DISCOUNTS FOR EARLY PAYMENTS		(1,084)			(1,630)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

	FISCAL YEAR		FISCAL YEAR	
	2021/2022		2022/2023	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES				

ON-ROLL ASSESSMENTS - Debt	0		1,057,041	
ON-ROLL ASSESSMENTS - ADMIN	93,199		129,099	
ON-ROLL ASSESSMENTS - MAINT	0		93,583	
ON-ROLL ASSESSMENTS - TIM	0		128,071	
STORMWATER	0		38,766	
CARRY OVER FUNDS FROM PRIOR YEAR	19,753		0	
DEVELOPER CONTRIBUTION - TIM	0		0	

Total Revenues	$	112,952		$	1,446,561	

EXPENDITURES - ADMIN				

AUDIT 1	5,500		5,500	
BANK FEES	161		162	
DISSEMINATION AGENT 2	0		94	
DISTRICT COUNSEL	19,222		19,320	
MANAGEMENT	22,432		23,223	
ASSESSMENT ROLL	2,403		2,415	
DUES, LICENSES & FEES 1	175		175	
ENGINEERING	12,014		12,075	
GENERAL INSURANCE 1	23,162		26,773	
WEB SITE MAINTENANCE 1	750		750	
LEGAL ADVERTISING	1,562		1,570	
MISCELLANEOUS	240		0	
MEETING ROOM	0		0	
HOLIDAY DECORATIONS	8,410		0	
TRAVEL AND PER DIEM	480		242	
OFFICE SUPPLIES	600		604	
POSTAGE & SHIPPING	96		48	
COPIES	1,081		242	
SUPERVISOR FEES1	0		6,480	
TELEPHONE	0		846	
TRUSTEE SERVICES 2	0		6,038	
OFFICE RENT	6,007		141	
CONTINUING DISCLOSURE FEE2	0		12,075	
CONTINGENCY - ADMIN	1,201		0	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0			
TOTAL ADMIN EXPENSES	105,496		118,771	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		0		11,982	
TIM OPERATIONS		0		128,071	
BUILDING, BRIDGE, MONUMENT MAINTENANC		0		14,097	
CONTINGENCY - MAINTENANCE		0		2,349	
COMMUNITY AREA MAINTENANCE		0		1,880	
DEVLOPMENT COORDINATOR		0		2,871	
ELECTRIC		0		3,289	
ENGINEERING		0		4,699	
FIELD MANAGEMENT		0		9,288	
FOUNTAIN MAINTENANCE & CHEMICALS		0		1,410	
LANDSCAPING MAINTENANCE & MATERIALS		0		44,640	
IRRIGATION		0		7,142	
IRRIGATION PARTS & REPAIRS		0		1,175	
SECURITY		0		3,454	
SIDEWALK CLEANING		0		1,410	
SIDEWALK REPAIR		0		4,229	
SIGNAGE		0		470	
STREETLIGHTS		0		2,115	
STORMWATER MANAGEMENT		0		282	
TREE/PLANT REPLACEMENT & TRIM		0		8,082	
TOTAL MAINTENANCE EXPENSES		0		252,934	

					
Total Expenditures	$	105,496		$	371,705	

					
EXCESS / (SHORTFALL)	$	7,456		$	1,074,856	

PAYMENT TO TRUSTEE		
-		
(972,478)	

BALANCE	$	7,456		$	102,378	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(3,728)		
(51,189)	
DISCOUNTS FOR EARLY PAYMENTS		(3,728)		(51,189)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

PROPOSED ASSESSMENT ALLOCATION
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

CDD 1	Gross Assessment	Carryover Reduction	Net Assessment		Gross Assessment	Carryover Reduction	Net Assessment		Gross Assessment	Carryover Reduction	Net Assessment	
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	429.08	$	-	$	429.08	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	214.54	$	-	$	214.54	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1721	$	-	$	0.1721	
CDD 2						
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	429.08	$	-	$	429.08	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	214.54	$	-	$	214.54	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1721	$	-	$	0.1721	
CDD 3						
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	382.25	$	-	$	382.25	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	191.13	$	-	$	191.13	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1533	$	-	$	0.1533	
CDD 4						
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	382.25	$	-	$	382.25	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	191.13	$	-	$	191.13	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1533	$	-	$	0.1533	
CDD 5						
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	382.25	$	-	$	382.25	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	191.13	$	-	$	191.13	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1533	$	-	$	0.1533	
CDD 6						
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	382.25	$	-	$	382.25	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	191.13	$	-	$	191.13	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1533	$	-	$	0.1533	
CDD 7						
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	429.08	$	-	$	429.08	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	214.54	$	-	$	214.54	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1721	$	-	$	0.1721	
CDD 8						
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	429.08	$	-	$	429.08	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	214.54	$	-	$	214.54	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1721	$	-	$	0.1721	
CDD 9						
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	429.08	$	-	$	429.08	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	214.54	$	-	$	214.54	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1721	$	-	$	0.1721	
CDD 10						
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	429.08	$	-	$	429.08	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	214.54	$	-	$	214.54	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1721	$	-	$	0.1721	

Fiscal Year 2020/2021

Fiscal Year 2021/2022

Fiscal Year 2022/2023

REVENUES		

Interest Income		0	
Net Debt Collections		3,976,733	
Total Revenues	$	3,976,733	

EXPENDITURES			

Principal Payments		2,155,000	
Interest Payments		1,621,356	
Miscellaneous / Extra Redemption		200,377	
Total Expenditures	$	3,976,733	
			
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	

REVENUES		
Interest Income		0	
Net Debt Collections		972,478	
Total Revenues	$	972,478	

EXPENDITURES			

Principal Payments		375,000	
Interest Payments		597,478	
Miscellaneous / Extra Redemption		0	
Total Expenditures	$	972,478	

Excess / (Shortfall)	$	-

	Series 2021 Bond Information	

Original Par Amount =	$17,755,000	Annual Principal Payments Due =	May 1st	
Avarage Interest Rate =
Issue Date =	3.09%
July 2021	Annual Interest Payments Due =	May 1st & November 1st	
Maturity Date =	May 2052			

PROPOSED BUDGET
TRADITION COMMUNITY DEVELOPMENT DISTRICT IRRIGATION FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	

FISCAL YEAR	FISCAL YEAR
2021/2022	2022/2023
	ANNUAL BUDGET		 PROPOSED BUDGET 

COMMENTS	

SERVICE CHARGE - IRRIGATION	1,650,000	1,650,000
ENGINEERING REVENUE FEES	17,338	17,338

Total Revenues

$	1,667,338	$

1,667,338

EXPENSES	
FIELD OPERATIONS	0	0
TRUSTEE SERVICES	5,000	5,000
MANAGEMENT	356,060	366,742	CPI Adjustment per contract
ENGINEERING	40,000	40,000
PROFESSIONAL SERVICES, OTHER	5,000	5,000
DEVELOPMENT COORDINATOR	58,500	61,100	CPI Adjustment per contract
CITY FRANCHISE FEE	109,421	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	21,102	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	39,627	26,046

Total Expenses

$	1,299,313	$

1,299,013

 		

EXCESS / (SHORTFALL)

$	368,025	$

368,325

PAYMENT TO TRUSTEE	(368,025)	(368,325)

BALANCE

$	-	$

(0)

 		

NET INCOME

$	-	$	-

PROPOSED DEBT SERVICE BUDGET TRADITION IRRIGATION SERIES 2017 BOND FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

	FISCAL YEAR 2022/2023
PROPOSED BUDGET	

REVENUES				
Transfer from Operating Fund			368,325	
Total Revenues		$	368,325	

EXPENDITURES				
Principal Payments			120,000	
Interest Payments			248,325	
Total Expenditures		$	368,325	
				
Excess / (Shortfall)		$	-	

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