Tradition Community Development Districts #1-10

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

CONTENTS

3-4	FINAL BUDGET-RECAP CDD1-10
5-7	FINAL BUDGET-RECAP FY22 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 SERIES 2014 BOND
FINAL DEBT SERVICE BUDGET SERIES 2021 BOND
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		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		18,597		32,270		68,191		68,844		68,452		63,880		73,068		54,691		39,189		122,536		609,718	
ON-ROLL ASSESSMENTS - MAINT		23,512		123,142		365,605		370,014		367,369		336,510		44,084		0		0		80,380		1,710,616	
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		$	119,535		$	560,931		$	1,579,516		$	1,598,393		$	1,587,067		$	1,454,932		$	324,980		$	103,859		$	69,861		$	1,426,795		$	8,825,868	

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		177		925		2,746		2,779		2,759		2,528		3,285		2,318		1,446		6,038		25,000	
TOTAL ADMINISTRATIVE EXPENSES		17,110		29,689		62,736		63,336		62,976		58,770		67,222		50,315		36,054		112,733		560,941	

	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		990		5,183		15,388		15,574		15,463		14,164		1,856		0		0		3,383		72,000	
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		11,958		62,629		185,943		188,185		186,840		171,145		22,421		0		0		40,881		870,000	
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		0		0		0		0		0		0		0		0		0		0		0	
SIDEWALK CLEANING		412		2,160		6,412		6,489		6,443		5,902		773		0		0		1,410		30,000	
SIDEWALK REPAIR		619		3,239		9,618		9,734		9,664		8,852		1,160		0		0		2,115		45,000	
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		1,237		6,479		19,235		19,467		19,328		17,705		2,319		0		0		4,229		90,000	
TOTAL MAINTENANCE EXPENSES		36,716		192,300		512,682		518,864		515,155		471,882		131,497		49,168		30,672		240,787		2,699,723	
																							
Total Expenditures		$	53,826		$	221,989		$	575,418		$	582,200		$	578,131		$	530,652		$	198,719		$	99,484		$	66,725		$	353,521		$	3,260,664	
																							
EXCESS / (SHORTFALL)		$	65,709		$	338,941		$	1,004,099		$	1,016,193		$	1,008,936		$	924,280		$	126,261		$	4,375		$	3,135		$	1,073,275		$	5,565,204	

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		$	8,356		$	38,554		$	112,255		$	113,595		$	112,791		$	103,411		$	18,723		$	4,375		$	3,135		$	100,797		$	615,993	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(4,178)		
(19,277)		
(56,128)		
(56,798)		
(56,396)		
(51,706)		
(9,362)		
(2,188)		
(1,568)		
(50,398)		
(307,996)	
DISCOUNTS FOR EARLY PAYMENTS		(4,178)		(19,277)		(56,128)		(56,798)		(56,396)		(51,706)		(9,362)		(2,188)		(1,568)		(50,398)		(307,996)	
NET EXCESS / (SHORTFALL)		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-	
- District Specific Expense
- Pertains only to 2003 Area																							

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR		
	2021/2022		2021/2022		2022/2023		
		ANNUAL BUDGET			  ACTUALS - July 2022				FINAL BUDGET			COMMENTS		
REVENUES	
ON-ROLL ASSESSMENTS - Debt		
4,342,633		
4,263,528		
5,379,577			
ON-ROLL ASSESSMENTS - ADMIN		275,857		274,203		609,718			
ON-ROLL ASSESSMENTS - MAINT		1,103,266		1,096,651		1,710,616			
ON-ROLL ASSESSMENTS - TIM		0		0		300,956			
STORMWATER		750,000		882,744		825,000			
BOND PREPAYMENTS		0		30,873		0			
OTHER INCOME		0		76,621		0			
CARRY OVER FUNDS FROM PRIOR YEAR		576,117		0		0		Used in prior year to keep assessments low	
DEVELOPER CONTRIBUTION - TIM		1,113,700		324,121		0			
Total Revenues			 $	8,161,573		 $	6,948,741		 $	8,825,868			
EXPENDITURES - ADMIN	
AUDIT 1		
55,000		
32,500		
55,000		

No Change	
BANK FEES		670		0		670		No Change	
DISSEMINATION AGENT 2		1,000		0		2,000		Increase for future bonds (Western Grove)	
DISTRICT COUNSEL		80,000		56,070		80,000		No Change	
MANAGEMENT		93,360		77,800		96,161		CPI Increase per contract	
ASSESSMENT ROLL		10,000		2,952		10,000		No Change	
DUES, LICENSES & FEES 1		1,750		1,750		1,750		No Change	
ENGINEERING		50,000		141,214		50,000		No Change	
GENERAL INSURANCE 1		96,400		100,384		110,860		Estimating increase (Up to 15%)	
WEB SITE MAINTENANCE 1		7,500		6,250		7,500		No Change	
LEGAL ADVERTISING		6,500		2,267		6,500		No Change	
MISCELLANEOUS		1,000		18,448		0		Line item removed	
MEETING ROOM		0		0		0		No longer charged for meeting room	
HOLIDAY DECORATIONS		35,000		0		0		No longer purchasing decorations	
TRAVEL AND PER DIEM		2,000		871		1,000		Based on FY22 Trend	
OFFICE SUPPLIES		2,500		1,986		2,500		No Change	
POSTAGE & SHIPPING		400		224		200		Based on FY22 Trend	
COPIES		4,500		2,910		1,000		Based on FY22 Trend	
SUPERVISOR FEES1		64,800		18,207		64,800		No Change	
TRUSTEE SERVICES 2		14,000		12,954		18,000		Increase for future bonds (Western Grove)	
OFFICE RENT		25,000		74,696		25,000		Includes Office and Storage	
CONTINUING DISCLOSURE FEE2		1,500		1,500		3,000		Increase for future bonds (Western Grove)	
(FKA CONTINGENCY) - ADMIN RESERVES		5,000		0		25,000		Changed to General Admin Reserves	
TIM - CAPITAL		720,000		245,899		0		Removed - Future bond requisitions will be used	
TOTAL ADMIN EXPENSES		1,277,880		798,882		560,941			

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR		
	2021/2022	2021/2022	2022/2023		
		ANNUAL BUDGET		  ACTUALS - July 2022			FINAL BUDGET		COMMENTS		
EXPENDITURES - MAINT					

LAKE MAINTENANCE	242,300	235,526	255,000	Per contract, now inlcudes Wetland maintenance	
TIM OPERATIONS	393,700	363,661	300,956	See TIM (FKA BEEP) assessment page	
BUILDING, BRIDGE, MONUMENT MAINTENAN	10,000	150	300,000	Towers, waterfall, gazebos, fence and Village Pkwy rails	
(FKA CONTINGENCY) - MAINT RESERVES	30,000	3,670	72,000	Changed to General Maintenance Reserves	
COMMUNITY AREA MAINTENANCE	40,000	37,943	40,000	No Change	
DEVLOPMENT COORDINATOR	59,320	49,433	61,100	CPI Increase per contract	
PAINTING	5,000	0	0	Included in Community Area Maint	
FENCE MAINTENANCE	3,000	0	0	Included in Community Area Maint	
ELECTRIC	60,000	61,670	70,000	Based on FY22 Trend	
ENGINEERING	100,000	0	100,000	No Change	
FIELD MANAGEMENT	191,910	159,925	197,667	CPI Increase per contract	
FOUNTAIN MAINTENANCE & CHEMICALS	40,000	1,648	30,000	Based on FY22 Trend	
LANDSCAPING MAINTENANCE & MATERIALS	847,000	806,567	870,000	Additional roadways/medians plus mulch	
IRRIGATION	150,000	138,145	152,000	Additional roadways/medians under irrigation	
IRRIGATION PARTS & REPAIRS	25,000	46,748	25,000	No Change	
PEST CONTROL	6,500	0	0	Included in Community Area Maint	
SECURITY	42,000	31,452	0	Moved to General Maintenace Reserves	
SIDEWALK CLEANING	20,000	90,214	30,000	Pressure washing all CDD sidewalks & common areas	
SIDEWALK REPAIR	10,000	4,213	45,000	Replacing damaged panels for ADA compliance	
SIGNAGE	10,000	28,797	10,000	No Change	
STREETLIGHTS	45,000	68,329	45,000	No Change	
STORMWATER MANAGEMENT	6,000	0	6,000	No Change	
TREE/PLANT REPLACEMENT & TRIM	90,000	93,433	90,000	Increased services and coverage area	
WETLAND UPLAND MAINTENANCE	4,000	5,893	0	Included in Lake Maintenance Contract	
TOTAL MAINTENANCE EXPENSES	2,430,730	2,227,417	2,699,723		

 			

Total Expenditures	

 $	3,708,610

 $	3,026,299

 $	3,260,664

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR		
	2021/2022		2021/2022		2022/2023		
		ANNUAL BUDGET			  ACTUALS - July 2022				FINAL BUDGET		COMMENTS		
EXCESS / (SHORTFALL)			 $	4,452,963		 $	3,922,443		 $	5,565,204		
PAYMENT TO TRUSTEE		(3,995,223)		(4,033,365)		(4,949,211)		
BOND PREPAYMENTS		-		(24,689)				
BALANCE			 $	457,740		 $	(135,612)		 $	615,993		

COUNTY APPRAISER & TAX COLLECTOR FEE		(228,870)		(222,618)		(307,996)		
DISCOUNTS FOR EARLY PAYMENTS		(228,870)		(209,909)		(307,996)		
NET EXCESS / (SHORTFALL)			 $	-			 $	(568,139)		 $	-			
1 - District Specific Expense								
2 - Pertains only to 2003 Area								

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

ON-ROLL ASSESSMENTS - Debt	54,225		62,341	
ON-ROLL ASSESSMENTS - ADMIN	17,421		18,597	
ON-ROLL ASSESSMENTS - MAINT	13,776		23,512	
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		$	119,535	

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		177	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	720,000		0	
TOTAL ADMIN EXPENSES	739,424		17,110	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		3,026			3,505	
TIM OPERATIONS		393,700			3,746	
BUILDING, BRIDGE, MONUMENT MAINTENANC	125			4,123	
CONTINGENCY - MAINTENANCE		375			990	
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			11,958	
IRRIGATION		1,873			2,089	
IRRIGATION PARTS & REPAIRS		312			344	
PEST CONTROL		81			0	
SECURITY		524			0	
SIDEWALK CLEANING		250			412	
SIDEWALK REPAIR		125			619	
SIGNAGE		125			137	
STREETLIGHTS		562			619	
STORMWATER MANAGEMENT		75			82	
TREE/PLANT REPLACEMENT & TRIM		1,124			1,237	
WETLAND UPLAND MAINTENANCE		50			0	
TOTAL MAINTENANCE EXPENSES		419,136			36,716	

						
Total Expenditures	$	1,158,559		$	53,826	

EXCESS / (SHORTFALL)		$	56,721		$	65,709	

PAYMENT TO TRUSTEE			
(49,887)			
(57,353)	
BALANCE		$	6,834		$	8,356	

COUNTY APPRAISER & TAX COLLECTOR FEE			
(3,417)			
(4,178)	
DISCOUNTS FOR EARLY PAYMENTS			(3,417)			(4,178)	
NET EXCESS / (SHORTFALL)		$	-		$	-	
1 - District Specific Expense							
2 - Pertains only to 2003 Area							

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

ON-ROLL ASSESSMENTS - Debt	324,578		326,508	
ON-ROLL ASSESSMENTS - ADMIN	12,784		32,270	
ON-ROLL ASSESSMENTS - MAINT	82,460		123,142	
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		$	560,931	

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		925	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	32,093		29,689	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		18,110			18,357	
TIM OPERATIONS		0			19,620	
BUILDING, BRIDGE, MONUMENT MAINTENANC		747			21,596	
CONTINGENCY - MAINTENANCE		2,242			5,183	
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			62,629	
IRRIGATION		11,211			10,942	
IRRIGATION PARTS & REPAIRS		1,869			1,800	
PEST CONTROL		486			0	
SECURITY		3,139			0	
SIDEWALK CLEANING		1,495			2,160	
SIDEWALK REPAIR		747			3,239	
SIGNAGE		747			720	
STREETLIGHTS		3,363			3,239	
STORMWATER MANAGEMENT		448			432	
TREE/PLANT REPLACEMENT & TRIM		6,727			6,479	
WETLAND UPLAND MAINTENANCE		299			0	
TOTAL MAINTENANCE EXPENSES		152,252			192,300	

						
Total Expenditures	$	184,345		$	221,989	

						
EXCESS / (SHORTFALL)	$	332,197		$	338,941	

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

BALANCE	$	33,586		$	38,554	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(16,793)			
(19,277)	
DISCOUNTS FOR EARLY PAYMENTS		(16,793)			(19,277)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

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

ON-ROLL ASSESSMENTS - Debt	963,663		969,395	
ON-ROLL ASSESSMENTS - ADMIN	4,393		68,191	
ON-ROLL ASSESSMENTS - MAINT	244,823		365,605	
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		$	1,579,516	

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		2,746	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	64,406		62,736	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		53,768		54,500	
TIM OPERATIONS		0		0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		2,219		64,118	
CONTINGENCY - MAINTENANCE		6,657		15,388	
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		185,943	
IRRIGATION		33,286		32,487	
IRRIGATION PARTS & REPAIRS		5,547		5,343	
PEST CONTROL		1,442		0	
SECURITY		9,320		0	
SIDEWALK CLEANING		4,438		6,412	
SIDEWALK REPAIR		2,219		9,618	
SIGNAGE		2,219		2,137	
STREETLIGHTS		9,986		9,618	
STORMWATER MANAGEMENT		1,331		1,282	
TREE/PLANT REPLACEMENT & TRIM		19,972		19,235	
WETLAND UPLAND MAINTENANCE		888		0	
TOTAL MAINTENANCE EXPENSES		452,032		512,682	

					
Total Expenditures	$	516,438		$	575,418	

					
EXCESS / (SHORTFALL)	$	983,600		$	1,004,099	

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

BALANCE	$	97,030		$	112,255	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(48,515)		
(56,128)	
DISCOUNTS FOR EARLY PAYMENTS		(48,515)		(56,128)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

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

ON-ROLL ASSESSMENTS - Debt	975,282		981,084	
ON-ROLL ASSESSMENTS - ADMIN	4,240		68,844	
ON-ROLL ASSESSMENTS - MAINT	247,775		370,014	
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		$	1,598,393	

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		2,779	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	64,993		63,336	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		54,417		55,158	
TIM OPERATIONS		0		0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		2,246		64,891	
CONTINGENCY - MAINTENANCE		6,737		15,574	
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		188,185	
IRRIGATION		33,687		32,878	
IRRIGATION PARTS & REPAIRS		5,615		5,408	
PEST CONTROL		1,460		0	
SECURITY		9,432		0	
SIDEWALK CLEANING		4,492		6,489	
SIDEWALK REPAIR		2,245		9,734	
SIGNAGE		2,245		2,163	
STREETLIGHTS		10,106		9,734	
STORMWATER MANAGEMENT		1,347		1,298	
TREE/PLANT REPLACEMENT & TRIM		20,212		19,467	
WETLAND UPLAND MAINTENANCE		898		0	
TOTAL MAINTENANCE EXPENSES		457,483		518,864	

					
Total Expenditures	$	522,475		$	582,200	

					
EXCESS / (SHORTFALL)	$	995,444		$	1,016,193	

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

BALANCE	$	98,184		$	113,595	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(49,092)		
(56,798)	
DISCOUNTS FOR EARLY PAYMENTS		(49,092)		(56,798)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

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

ON-ROLL ASSESSMENTS - Debt	968,311		974,071	
ON-ROLL ASSESSMENTS - ADMIN	4,332		68,452	
ON-ROLL ASSESSMENTS - MAINT	246,004		367,369	
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		$	1,587,067	

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		2,759	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	64,641		62,976	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		54,028		54,763	
TIM OPERATIONS		0		0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		2,230		64,427	
CONTINGENCY - MAINTENANCE		6,689		15,463	
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		186,840	
IRRIGATION		33,447		32,643	
IRRIGATION PARTS & REPAIRS		5,574		5,369	
PEST CONTROL		1,449		0	
SECURITY		9,365		0	
SIDEWALK CLEANING		4,460		6,443	
SIDEWALK REPAIR		2,230		9,664	
SIGNAGE		2,229		2,148	
STREETLIGHTS		10,034		9,664	
STORMWATER MANAGEMENT		1,338		1,289	
TREE/PLANT REPLACEMENT & TRIM		20,068		19,328	
WETLAND UPLAND MAINTENANCE		892		0	
TOTAL MAINTENANCE EXPENSES		454,212		515,155	

					
Total Expenditures	$	518,853		$	578,131	

					
EXCESS / (SHORTFALL)	$	988,337		$	1,008,936	

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

BALANCE	$	97,491		$	112,791	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(48,746)		
(56,396)	
DISCOUNTS FOR EARLY PAYMENTS		(48,746)		(56,396)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

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

ON-ROLL ASSESSMENTS - Debt	886,973		892,249	
ON-ROLL ASSESSMENTS - ADMIN	5,400		63,880	
ON-ROLL ASSESSMENTS - MAINT	225,339		336,510	
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		$	1,454,932	

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		2,528	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	60,528		58,770	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		49,489			50,163	
TIM OPERATIONS		0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		2,042			59,016	
CONTINGENCY - MAINTENANCE		6,127			14,164	
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			171,145	
IRRIGATION		30,637			29,901	
IRRIGATION PARTS & REPAIRS		5,106			4,918	
PEST CONTROL		1,328			0	
SECURITY		8,578			0	
SIDEWALK CLEANING		4,085			5,902	
SIDEWALK REPAIR		2,042			8,852	
SIGNAGE		2,042			1,967	
STREETLIGHTS		9,191			8,852	
STORMWATER MANAGEMENT		1,225			1,180	
TREE/PLANT REPLACEMENT & TRIM		18,382			17,705	
WETLAND UPLAND MAINTENANCE		817			0	
TOTAL MAINTENANCE EXPENSES		416,059			471,882	

						
Total Expenditures	$	476,586		$	530,652	

						
EXCESS / (SHORTFALL)	$	905,432		$	924,280	

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

BALANCE	$	89,417		$	103,411	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(44,708)			
(51,706)	
DISCOUNTS FOR EARLY PAYMENTS		(44,708)			(51,706)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

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

ON-ROLL ASSESSMENTS - Debt	169,602		116,888	
ON-ROLL ASSESSMENTS - ADMIN	67,461		73,068	
ON-ROLL ASSESSMENTS - MAINT	43,088		44,084	
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		$	324,980	

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		3,285	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	72,688		67,222	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		9,463			6,572	
TIM OPERATIONS		0			69,678	
BUILDING, BRIDGE, MONUMENT MAINTENANC		391			7,731	
CONTINGENCY - MAINTENANCE		1,172			1,856	
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			22,421	
IRRIGATION		5,858			3,917	
IRRIGATION PARTS & REPAIRS		976			644	
PEST CONTROL		254			0	
SECURITY		1,640			0	
SIDEWALK CLEANING		781			773	
SIDEWALK REPAIR		391			1,160	
SIGNAGE		391			258	
STREETLIGHTS		1,757			1,160	
STORMWATER MANAGEMENT		234			155	
TREE/PLANT REPLACEMENT & TRIM		3,514			2,319	
WETLAND UPLAND MAINTENANCE		156			0	
TOTAL MAINTENANCE EXPENSES		79,556			131,497	

						
Total Expenditures	$	152,243		$	198,719	

						
EXCESS / (SHORTFALL)	$	178,447		$	126,261	

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

BALANCE	$	22,413		$	18,723	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(11,206)			
(9,362)	
DISCOUNTS FOR EARLY PAYMENTS		(11,206)			(9,362)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

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

ON-ROLL ASSESSMENTS - Debt	0		0	
ON-ROLL ASSESSMENTS - ADMIN	39,539		54,691	
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		$	103,859	

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		2,318	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	43,960		50,315	

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		$	99,484	

						
EXCESS / (SHORTFALL)	$	3,163		$	4,375	

PAYMENT TO TRUSTEE		
-			
-	

BALANCE	$	3,163		$	4,375	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(1,582)			
(2,188)	
DISCOUNTS FOR EARLY PAYMENTS		(1,582)			(2,188)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

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

ON-ROLL ASSESSMENTS - Debt	0		0	
ON-ROLL ASSESSMENTS - ADMIN	27,088		39,189	
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		$	69,861	

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		1,446	
CONTINGENCY - ADMIN	288		0	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0	
TOTAL ADMIN EXPENSES	29,651		36,054	

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		$	66,725	

						
EXCESS / (SHORTFALL)	$	2,167		$	3,135	

PAYMENT TO TRUSTEE		
-			
-	

BALANCE	$	2,167		$	3,135	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(1,084)			
(1,568)	
DISCOUNTS FOR EARLY PAYMENTS		(1,084)			(1,568)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

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

ON-ROLL ASSESSMENTS - Debt	0		1,057,041	
ON-ROLL ASSESSMENTS - ADMIN	93,199		122,536	
ON-ROLL ASSESSMENTS - MAINT	0		80,380	
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		$	1,426,795	

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		6,038	
CONTINGENCY - ADMIN	1,201		0	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0			
TOTAL ADMIN EXPENSES	105,496		112,733	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		0		11,982	
TIM OPERATIONS		0		128,071	
BUILDING, BRIDGE, MONUMENT MAINTENANC		0		14,097	
CONTINGENCY - MAINTENANCE		0		3,383	
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		40,881	
IRRIGATION		0		7,142	
IRRIGATION PARTS & REPAIRS		0		1,175	
SECURITY		0		0	
SIDEWALK CLEANING		0		1,410	
SIDEWALK REPAIR		0		2,115	
SIGNAGE		0		470	
STREETLIGHTS		0		2,115	
STORMWATER MANAGEMENT		0		282	
TREE/PLANT REPLACEMENT & TRIM		0		4,229	
TOTAL MAINTENANCE EXPENSES		0		240,787	

					
Total Expenditures	$	105,496		$	353,521	

					
EXCESS / (SHORTFALL)	$	7,456		$	1,073,275	

PAYMENT TO TRUSTEE		
-		
(972,478)	

BALANCE	$	7,456		$	100,797	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(3,728)		
(50,398)	
DISCOUNTS FOR EARLY PAYMENTS		(3,728)		(50,398)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

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

FINAL 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		$	381.99	$	-	$	381.99	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	190.99	$	-	$	190.99	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1532	$	-	$	0.1532	
CDD 2						
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	381.99	$	-	$	381.99	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	190.99	$	-	$	190.99	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1532	$	-	$	0.1532	
CDD 3						
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	335.16	$	-	$	335.16	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	167.58	$	-	$	167.58	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1344	$	-	$	0.1344	
CDD 4						
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	335.16	$	-	$	335.16	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	167.58	$	-	$	167.58	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1344	$	-	$	0.1344	
CDD 5						
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	335.16	$	-	$	335.16	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	167.58	$	-	$	167.58	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1344	$	-	$	0.1344	
CDD 6						
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	335.16	$	-	$	335.16	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	167.58	$	-	$	167.58	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1344	$	-	$	0.1344	
CDD 7						
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	381.99	$	-	$	381.99	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	190.99	$	-	$	190.99	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1532	$	-	$	0.1532	
CDD 8						
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	381.99	$	-	$	381.99	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	190.99	$	-	$	190.99	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1532	$	-	$	0.1532	
CDD 9						
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	381.99	$	-	$	381.99	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	190.99	$	-	$	190.99	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1532	$	-	$	0.1532	
CDD 10						
Single Family	$	259.83	$  (52.00)	$	207.83		$	246.73	$  (38.90)	$	207.83		$	381.99	$	-	$	381.99	
Multi-Family	$	129.92	$  (26.00)	$	103.92		$	123.37	$  (19.45)	$	103.92		$	190.99	$	-	$	190.99	
Commerical Sq. Ft	$	0.1042	$ (0.0209)	$	0.0833		$	0.0989	$ (0.0156)	$	0.0833		$	0.1532	$	-	$	0.1532	

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			

FINAL 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			FINAL 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

$	-	$	-

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

	FISCAL YEAR 2022/2023
FINAL 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