Tradition Community Development Districts #1-11

Proposed Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

3-4	PROPOSED BUDGET-RECAP CDD1-11
5-7	PROPOSED BUDGET-RECAP FY23 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
28-29 PROPOSED BUDGET-CDD 11
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			CDD 11			TOTAL		
REVENUES																										
ON-ROLL ASSESSMENTS - Debt		4,630		394,573		870,654		961,320		959,827		911,990		165,579		486,157		256,103		80,243		349,030		5,440,105	
ON-ROLL ASSESSMENTS - ADMIN		4,262		22,325		66,281		67,080		67,080		61,006		79,281		53,281		34,899		145,722		2,664		603,882	
ON-ROLL ASSESSMENTS - MAINT		1,715		146,161		322,516		356,101		355,548		337,828		61,336		180,087		94,868		29,724		129,291		2,015,177	
ON-ROLL ASSESSMENTS - TIM		2,036		10,665		0		0		0		0		37,874		25,453		16,672		69,614		1,273		163,587	
STORMWATER		787		67,091		148,040		163,456		163,203		155,069		28,154		82,663		43,546		13,644		59,347		925,000	
Other Income		424		2,218		6,585		6,665		6,665		6,061		7,877		5,294		3,467		14,479		265		60,000	
DEVELOPER CONTRIBUTION/BOND FUNDS - TIM			0			0			0			0			0			0			0			0			0			0			0			0	
Total Revenues		$	13,855		$	643,032		$	1,414,077		$	1,554,622		$	1,552,323		$	1,471,955		$	380,102		$	832,935		$	449,554		$	353,426		$	541,869		$	9,207,751	

EXPENDITURES - ADMIN																										
AUDIT		388		2,033		6,037		6,109		6,109		5,556		7,221		4,853		3,178		13,272		243		55000	
DISSEMINATION AGENT		21		111		329		333		333		303		394		265		173		724		13		3000	
DISTRICT COUNSEL		565		2,957		8,781		8,887		8,887		8,082		10,503		7,058		4,623		19,305		353		80000	
MANAGEMENT		763		3,994		11,859		12,002		12,002		10,915		14,185		9,533		6,244		26,073		477		108046	
ASSESSMENT ROLL		71		370		1,098		1,111		1,111		1,010		1,313		882		578		2,413		44		10000	
DUES, LICENSES & FEES		14		71		211		214		214		194		253		170		111		465		8		1925	
ENGINEERING		353		1,848		5,488		5,554		5,554		5,051		6,564		4,412		2,890		12,065		221		50000	
GENERAL INSURANCE		847		4,436		13,171		13,330		13,330		12,123		15,754		10,588		6,935		28,957		529		120000	
WEB SITE MAINTENANCE		58		305		906		916		916		833		1,083		728		477		1,991		36		8250	
LEGAL ADVERTISING		46		240		713		722		722		657		853		573		376		1,569		29		6500	
TRAVEL AND PER DIEM		7		37		110		111		111		101		131		88		58		241		4		1000	
OFFICE SUPPLIES		18		92		274		278		278		253		328		221		144		603		11		2500	
POSTAGE & SHIPPING		2		13		38		39		39		35		46		31		20		84		2		350	
COPIES		21		111		329		333		333		303		394		265		173		724		13		3000	
SUPERVISOR FEES		847		4,436		13,171		13,330		13,330		12,123		15,754		10,588		6,935		28,957		529		120000	
TRUSTEE SERVICES		127		665		1,976		1,999		1,999		1,818		2,363		1,588		1,040		4,344		79		18000	
OFFICE RENT		176		924		2,744		2,777		2,777		2,526		3,282		2,206		1,445		6,033		110		25000	
CONTINUING DISCLOSURE FEE		21		111		329		333		333		303		394		265		173		724		13		3000	
TOTAL ADMINISTRATIVE EXPENSES		4,345		22,757		67,564		68,379		68,379		62,187		80,816		54,312		35,574		148,543		2,716		615,571	

	CDD 1	CDD 2			CDD 3			CDD 4			CDD 5			CDD 6			CDD 7			CDD 8			CDD 9			CDD 10			CDD 11			TOTAL		
EXPENDITURES - MAINTENANCE																										
LAKE MAINTENANCE		259		22,100		48,765		53,843		53,759		51,080		9,274		27,229		14,344		4,494		19,549		304,696	
TIM OPERATIONS		1,873		9,812		0		0		0		0		34,844		23,417		15,338		64,045		1,171		150,500	
BUILDING, BRIDGE, MONUMENT MAINTENANCE		255		21,759		48,013		53,013		52,931		50,293		9,131		26,810		14,123		4,425		19,248		300,000	
CONTINGENCY - MAINTENANCE		61		5,222		11,523		12,723		12,703		12,070		2,191		6,434		3,390		1,062		4,619		72,000	
COMMUNITY AREA MAINTENANCE		43		3,627		8,002		8,835		8,822		8,382		1,522		4,468		2,354		738		3,208		50,000	
DEVLOPMENT COORDINATOR		27		2,282		5,036		5,560		5,552		5,275		958		2,812		1,481		464		2,019		31,467	
ELECTRIC		74		6,310		13,924		15,374		15,350		14,585		2,648		7,775		4,096		1,283		5,582		87,000	
ENGINEERING		85		7,253		16,004		17,671		17,644		16,764		3,044		8,937		4,708		1,475		6,416		100,000	
FIELD MANAGEMENT		204		17,407		38,410		42,410		42,344		40,234		7,305		21,448		11,298		3,540		15,398		240,000	
FOUNTAIN MAINTENANCE & CHEMICALS		26		2,176		4,801		5,301		5,293		5,029		913		2,681		1,412		443		1,925		30,000	
LANDSCAPING MAINTENANCE & MATERIALS		763		64,994		143,415		158,350		158,104		150,224		27,274		80,080		42,185		13,218		57,493		896,100	
IRRIGATION		129		11,025		24,327		26,860		26,818		25,482		4,626		13,584		7,156		2,242		9,752		152,000	
IRRIGATION PARTS & REPAIRS		64		5,440		12,003		13,253		13,233		12,573		2,283		6,702		3,531		1,106		4,812		75,000	
SIDEWALK CLEANING		26		2,176		4,801		5,301		5,293		5,029		913		2,681		1,412		443		1,925		30,000	
SIDEWALK REPAIR		51		4,352		9,603		10,603		10,586		10,059		1,826		5,362		2,825		885		3,850		60,000	
SIGNAGE		9		725		1,600		1,767		1,764		1,676		304		894		471		148		642		10,000	
STREETLIGHTS		38		3,264		7,202		7,952		7,940		7,544		1,370		4,021		2,118		664		2,887		45,000	
STORMWATER MANAGEMENT		81		6,941		15,316		16,911		16,885		16,043		2,913		8,552		4,505		1,412		6,140		95,700	
TREE/PLANT REPLACEMENT & TRIM		170		14,506		32,009		35,342		35,287		33,528		6,087		17,873		9,415		2,950		12,832		200,000	
TOTAL MAINTENANCE EXPENSES		4,239		211,371		444,755		491,070		490,307		465,871		119,427		271,760		146,163		105,035		179,465		2,929,463	
																									
Total Expenditures		$	8,584		$	234,127		$	512,319		$	559,448		$	558,686		$	528,058		$	200,243		$	326,072		$	181,737		$	253,578		$	182,181		$	3,545,034	

EXCESS / (SHORTFALL)		$	5,271		$	408,905		$	901,758		$	995,174		$	993,637		$	943,897		$	179,859		$	506,863		$	267,818		$	99,848		$	359,688		$	5,662,717	

PAYMENTS TO TRUSTEE		
(4,260)		
(363,007)		
(801,002)		
(884,414)		
(883,041)		
(839,031)		
(152,333)		
(447,265)		
(235,614)		
(73,823)		
(321,107)		
(5,004,897)	
BALANCE		$	1,012		$	45,898		$	100,756		$	110,760		$	110,596		$	104,866		$	27,526		$	59,598		$	32,203		$	26,024		$	38,581		$	657,820	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(506)		
(22,949)		
(50,378)		
(55,380)		
(55,298)		
(52,433)		
(13,763)		
(29,799)		
(16,102)		
(13,012)		
(19,290)		
(328,910)	
DISCOUNTS FOR EARLY PAYMENTS		(506)		(22,949)		(50,378)		(55,380)		(55,298)		(52,433)		(13,763)		(29,799)		(16,102)		(13,012)		(19,290)		(328,910)	
NET EXCESS / (SHORTFALL)		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-	

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR		
	2022/2023		2022/2023		2023/2024		
		ANNUAL BUDGET			 ACTUALS - APRIL 2023 		  PROPOSED BUDGET			COMMENTS		
REVENUES									
ON-ROLL ASSESSMENTS - Debt	5,379,577		4,519,430		5,440,105			
ON-ROLL ASSESSMENTS - ADMIN	609,718		590,030		603,882			
ON-ROLL ASSESSMENTS - MAINT	1,710,616		1,655,380		2,015,177			
ON-ROLL ASSESSMENTS - TIM	300,956		291,238		163,587			
STORMWATER	825,000		940,213		925,000			
OTHER INCOME	0		151,565		60,000			
DEVELOPER CONTRIBUTION - TIM	0		1,381,680		0			

Total Revenues		 $	8,825,868		 $	9,529,535		 $	9,207,751			
EXPENDITURES - ADMIN	
AUDIT	
55,000		
0		
55,000		

No Change	
BANK FEES	670		0		0		Line item removed	
DISSEMINATION AGENT	2,000		0		3,000		Increase for future bonds (Western Grove)	
DISTRICT COUNSEL	80,000		19,799		80,000		No Change	
MANAGEMENT	96,161		56,094		108,046		CPI Increase per contract plus additional CDD	
ASSESSMENT ROLL	10,000		0		10,000		No Change	
DUES, LICENSES & FEES	1,750		1,875		1,925		Increase for additional CDD	
ENGINEERING	50,000		104,951		50,000		No Change	
GENERAL INSURANCE	110,860		166,311		120,000		Estimating increase plus additional CDD	
WEB SITE MAINTENANCE	7,500		4,375		8,250		Additional CDD	
LEGAL ADVERTISING	6,500		2,550		6,500		No Change	
MISCELLANEOUS	0		16,620		0		Line item removed	
TRAVEL AND PER DIEM	1,000		525		1,000		No longer charged for meeting room	
OFFICE SUPPLIES	2,500		1,937		2,500		No longer purchasing decorations	
POSTAGE & SHIPPING	200		334		350		Adjustment for FY23 Actuals	
COPIES	1,000		2,676		3,000		Adjustment for FY23 Actuals	
SUPERVISOR FEES	64,800		26,427		120,000		Assumes maximum $4,800 per Supervisor (CDDS 1,3,4,5,6)	
TRUSTEE SERVICES	18,000		0		18,000		No Change	
OFFICE RENT	25,000		46,943		25,000		No Change	
CONTINUING DISCLOSURE FEE	3,000		1,750		3,000		Increase for future bonds (Western Grove)	
CONTINGENCY - ADMIN	25,000		0		0		Line item removed	
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0		0		0		Line item removed	
TOTAL ADMIN EXPENSES	560,941		453,168		615,571			

FISCAL YEAR		FISCAL YEAR		FISCAL YEAR		
2022/2023		2022/2023		2023/2024		
	ANNUAL BUDGET			 ACTUALS - APRIL 2023 		  PROPOSED BUDGET			COMMENTS		
EXPENDITURES - MAINT							
LAKE MAINTENANCE	255,000		42,034		304,696		Per contract, now inlcudes Wetland maintenance	
TIM OPERATIONS	300,956		121,679		150,500		50% of Operations: $211K & Insurance: $90K	
BUILDING, BRIDGE, MONUMENT MAINTENANC	300,000		0		300,000		Maint plus $60K estimate for Lake 14 Shade Structure	
(FKA CONTINGENCY) - MAINT RESERVES	72,000		0		72,000		Changed to General Maintenance Reserves	
COMMUNITY AREA MAINTENANCE	40,000		52,801		50,000		Based on anticipated repairs	
DEVLOPMENT COORDINATOR	61,100		35,642		31,467		Split with SG plus CPI Increase per contract	
ELECTRIC	70,000		50,648		87,000		Adjustment for FY23 Actuals	
ENGINEERING	100,000		0		100,000		No Change	
FIELD MANAGEMENT	197,667		115,306		240,000		Increase for Western Grove + additional CDD	
FOUNTAIN MAINTENANCE & CHEMICALS	30,000		13,849		30,000		No Change	
LANDSCAPING MAINTENANCE & MATERIALS	870,000		532,134		896,100		3% Increase allowed per contract	
IRRIGATION	152,000		89,080		152,000		No Change	
IRRIGATION PARTS & REPAIRS	25,000		25,816		75,000		Based on anticipated repairs	
SIDEWALK CLEANING	30,000		22,500		30,000		No Change	
SIDEWALK REPAIR	45,000		0		60,000		Several panel section replacements due to roots	
SIGNAGE	10,000		56,096		10,000		No Change (Alligator Signs cause for FY23 increase)	
STREETLIGHTS	45,000		87,799		45,000		No Change (New Lightpoles cause for FY23 Increase)	
STORMWATER MANAGEMENT	6,000		25,100		95,700		Estimated Canal & Lake Banks Mowing/Maintenance	
TREE/PLANT REPLACEMENT & TRIM	90,000		61,229		200,000		Trim increase + 20k in replacements	
TOTAL MAINTENANCE EXPENSES	2,699,723		1,331,712		2,929,463			

 								
Total Expenditures		 $	3,260,664		 $	1,784,880		 $	3,545,034			

	FISCAL YEAR		FISCAL YEAR		FISCAL YEAR	
	2022/2023		2022/2023		2023/2024	
		ANNUAL BUDGET			 ACTUALS - APRIL 2023 		  PROPOSED BUDGET		COMMENTS		
EXCESS / (SHORTFALL)			 $	5,565,204		 $	7,744,655		 $	5,662,717	
PAYMENT TO TRUSTEE		(4,949,211)		(4,259,544)		(5,004,897)	
BOND PREPAYMENTS		-		Not Included in Actuals		

BALANCE			 $	615,993		 $	3,485,112		 $	657,820	

COUNTY APPRAISER & TAX COLLECTOR FEE		(307,996)		(280,146)		(328,910)	
DISCOUNTS FOR EARLY PAYMENTS		(307,996)		(267,877)		(328,910)	
NET EXCESS / (SHORTFALL)			 $	-			 $	2,937,089		 $	-		

	FISCAL YEAR		FISCAL YEAR	
	2022/2023		2023/2024	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		62,341		4,630	
ON-ROLL ASSESSMENTS - ADMIN		18,597		4,262	
ON-ROLL ASSESSMENTS - MAINT		23,512		1,715	
ON-ROLL ASSESSMENTS - TIM		3,746		2,036	
STORMWATER		11,339		787	
OTHER INCOME				424	
DEVELOPER CONTRIBUTION - TIM		0		0	
Total Revenues		$	119,535		$	13,855	
EXPENDITURES - ADMIN					
AUDIT		6,500		388	
DISSEMINATION AGENT		27		21	
DISTRICT COUNSEL		565		565	
MANAGEMENT		679		763	
ASSESSMENT ROLL		71		71	
DUES, LICENSES & FEES		175		14	
ENGINEERING		353		353	
GENERAL INSURANCE		783		847	
WEB SITE MAINTENANCE		750		58	
LEGAL ADVERTISING		46		46	
MISCELLANEOUS		182		0	
TRAVEL AND PER DIEM		7		7	
OFFICE SUPPLIES		18		18	
POSTAGE & SHIPPING		1		2	
COPIES		7		21	
SUPERVISOR FEES		6,480		847	
TRUSTEE SERVICES		247		127	
OFFICE RENT		177		176	
CONTINUING DISCLOSURE FEE		41		21	
TOTAL ADMIN EXPENSES		17,110		4,345	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		3,505			259	
TIM OPERATIONS		3,746			1,873	
BUILDING, BRIDGE, MONUMENT MAINTENANC		4,123			255	
CONTINGENCY - MAINTENANCE		990			61	
COMMUNITY AREA MAINTENANCE		550			43	
DEVLOPMENT COORDINATOR		840			27	
ELECTRIC		962			74	
ENGINEERING		1,374			85	
FIELD MANAGEMENT		2,717			204	
FOUNTAIN MAINTENANCE & CHEMICALS		412			26	
LANDSCAPING MAINTENANCE & MATERIALS		11,958			763	
IRRIGATION		2,089			129	
IRRIGATION PARTS & REPAIRS		344			64	
SIDEWALK CLEANING		412			26	
SIDEWALK REPAIR		619			51	
SIGNAGE		137			9	
STREETLIGHTS		619			38	
STORMWATER MANAGEMENT		82			81	
TREE/PLANT REPLACEMENT & TRIM		1,237			170	
TOTAL MAINTENANCE EXPENSES		36,716			4,239	

						
Total Expenditures	$	53,826		$	8,584	

						
EXCESS / (SHORTFALL)	$	65,709		$	5,271	

PAYMENT TO TRUSTEE		
(57,353)			
(4,260)	

BALANCE	$	8,355		$	1,012	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(4,178)			
(506)	
DISCOUNTS FOR EARLY PAYMENTS		(4,178)			(506)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

	FISCAL YEAR		FISCAL YEAR	
	2022/2023		2023/2024	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		326,508		394,573	
ON-ROLL ASSESSMENTS - ADMIN		32,270		22,325	
ON-ROLL ASSESSMENTS - MAINT		123,142		146,161	
ON-ROLL ASSESSMENTS - TIM		19,620		10,665	
STORMWATER		59,389		67,091	
OTHER INCOME		0		2,218	
DEVELOPER CONTRIBUTION - TIM		0		0	
Total Revenues		$	560,931		$	643,032	
EXPENDITURES - ADMIN					
AUDIT		5,500		2,033	
DISSEMINATION AGENT		144		111	
DISTRICT COUNSEL		2,960		2,957	
MANAGEMENT		3,558		3,994	
ASSESSMENT ROLL		370		370	
DUES, LICENSES & FEES		175		71	
ENGINEERING		1,850		1,848	
GENERAL INSURANCE		4,102		4,436	
WEB SITE MAINTENANCE		750		305	
LEGAL ADVERTISING		240		240	
MISCELLANEOUS		950		0	
TRAVEL AND PER DIEM		37		37	
OFFICE SUPPLIES		92		92	
POSTAGE & SHIPPING		7		13	
COPIES		37		111	
SUPERVISOR FEES		6,480		4,436	
TRUSTEE SERVICES		1,296		665	
OFFICE RENT		925		924	
CONTINUING DISCLOSURE FEE		216		111	
TOTAL ADMIN EXPENSES		29,689		22,757	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		18,357			22,100	
TIM OPERATIONS		19,620			9,812	
BUILDING, BRIDGE, MONUMENT MAINTENANC		21,596			21,759	
CONTINGENCY - MAINTENANCE		5,183			5,222	
COMMUNITY AREA MAINTENANCE		2,879			3,627	
DEVLOPMENT COORDINATOR		4,398			2,282	
ELECTRIC		5,039			6,310	
ENGINEERING		7,199			7,253	
FIELD MANAGEMENT		14,229			17,407	
FOUNTAIN MAINTENANCE & CHEMICALS		2,160			2,176	
LANDSCAPING MAINTENANCE & MATERIALS		62,629			64,994	
IRRIGATION		10,942			11,025	
IRRIGATION PARTS & REPAIRS		1,800			5,440	
SIDEWALK CLEANING		2,160			2,176	
SIDEWALK REPAIR		3,239			4,352	
SIGNAGE		720			725	
STREETLIGHTS		3,239			3,264	
STORMWATER MANAGEMENT		432			6,941	
TREE/PLANT REPLACEMENT & TRIM		6,479			14,506	
TOTAL MAINTENANCE EXPENSES		192,300			211,371	

						
Total Expenditures	$	221,989		$	234,127	

						
EXCESS / (SHORTFALL)	$	338,941		$	408,905	

PAYMENT TO TRUSTEE		
(300,388)			
(363,007)	

BALANCE	$	38,553		$	45,898	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(19,277)			
(22,949)	
DISCOUNTS FOR EARLY PAYMENTS		(19,277)			(22,949)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

	FISCAL YEAR		FISCAL YEAR	
	2022/2023		2023/2024	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		969,395		870,654	
ON-ROLL ASSESSMENTS - ADMIN		68,191		66,281	
ON-ROLL ASSESSMENTS - MAINT		365,605		322,516	
ON-ROLL ASSESSMENTS - TIM		0		0	
STORMWATER		176,325		148,040	
OTHER INCOME		0		6,585	
DEVELOPER CONTRIBUTION - TIM		0		0	
Total Revenues		$	1,579,516		$	1,414,077	
EXPENDITURES - ADMIN					
AUDIT		5,500		6,037	
DISSEMINATION AGENT		427		329	
DISTRICT COUNSEL		8,788		8,781	
MANAGEMENT		10,563		11,859	
ASSESSMENT ROLL		1,098		1,098	
DUES, LICENSES & FEES		175		211	
ENGINEERING		5,492		5,488	
GENERAL INSURANCE		12,177		13,171	
WEB SITE MAINTENANCE		750		906	
LEGAL ADVERTISING		714		713	
MISCELLANEOUS		2,820		0	
TRAVEL AND PER DIEM		110		110	
OFFICE SUPPLIES		275		274	
POSTAGE & SHIPPING		22		38	
COPIES		110		329	
SUPERVISOR FEES		6,480		13,171	
TRUSTEE SERVICES		3,847		1,976	
OFFICE RENT		2,746		2,744	
CONTINUING DISCLOSURE FEE		641		329	
TOTAL ADMIN EXPENSES		62,736		67,564	

EXPENDITURES - MAINT		

LAKE MAINTENANCE	54,500			48,765	
TIM OPERATIONS	0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC	64,118			48,013	
CONTINGENCY - MAINTENANCE	15,388			11,523	
COMMUNITY AREA MAINTENANCE	8,549			8,002	
DEVLOPMENT COORDINATOR	13,059			5,036	
ELECTRIC	14,961			13,924	
ENGINEERING	21,373			16,004	
FIELD MANAGEMENT	42,247			38,410	
FOUNTAIN MAINTENANCE & CHEMICALS	6,412			4,801	
LANDSCAPING MAINTENANCE & MATERIALS	185,943			143,415	
IRRIGATION	32,487			24,327	
IRRIGATION PARTS & REPAIRS	5,343			12,003	
SIDEWALK CLEANING	6,412			4,801	
SIDEWALK REPAIR	9,618			9,603	
SIGNAGE	2,137			1,600	
STREETLIGHTS	9,618			7,202	
STORMWATER MANAGEMENT	1,282			15,316	
TREE/PLANT REPLACEMENT & TRIM	19,235			32,009	
TOTAL MAINTENANCE EXPENSES	512,682			444,755	

					
Total Expenditures	$	575,418		$	512,319	

					
EXCESS / (SHORTFALL)	$	1,004,099		$	901,758	

PAYMENT TO TRUSTEE	
(891,843)			
(801,002)	

BALANCE	$	112,255		$	100,756	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(56,128)			
(50,378)	
DISCOUNTS FOR EARLY PAYMENTS	(56,128)			(50,378)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

	FISCAL YEAR		FISCAL YEAR	
	2022/2023		2023/2024	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		981,084		961,320	
ON-ROLL ASSESSMENTS - ADMIN		68,844		67,080	
ON-ROLL ASSESSMENTS - MAINT		370,014		356,101	
ON-ROLL ASSESSMENTS - TIM		0		0	
STORMWATER		178,451		163,456	
OTHER INCOME		0		6,665	
DEVELOPER CONTRIBUTION - TIM		0		0	
Total Revenues		$	1,598,393		$	1,554,622	
EXPENDITURES - ADMIN					
AUDIT		5,500		6,109	
DISSEMINATION AGENT		433		333	
DISTRICT COUNSEL		8,894		8,887	
MANAGEMENT		10,690		12,002	
ASSESSMENT ROLL		1,112		1,111	
DUES, LICENSES & FEES		175		214	
ENGINEERING		5,558		5,554	
GENERAL INSURANCE		12,324		13,330	
WEB SITE MAINTENANCE		750		916	
LEGAL ADVERTISING		723		722	
MISCELLANEOUS		2,853		0	
TRAVEL AND PER DIEM		111		111	
OFFICE SUPPLIES		278		278	
POSTAGE & SHIPPING		22		39	
COPIES		111		333	
SUPERVISOR FEES		6,480		13,330	
TRUSTEE SERVICES		3,893		1,999	
OFFICE RENT		2,779		2,777	
CONTINUING DISCLOSURE FEE		649		333	
TOTAL ADMIN EXPENSES		63,336		68,379	

EXPENDITURES - MAINT		

LAKE MAINTENANCE	55,158			53,843	
TIM OPERATIONS	0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC	64,891			53,013	
CONTINGENCY - MAINTENANCE	15,574			12,723	
COMMUNITY AREA MAINTENANCE	8,652			8,835	
DEVLOPMENT COORDINATOR	13,216			5,560	
ELECTRIC	15,141			15,374	
ENGINEERING	21,630			17,671	
FIELD MANAGEMENT	42,756			42,410	
FOUNTAIN MAINTENANCE & CHEMICALS	6,489			5,301	
LANDSCAPING MAINTENANCE & MATERIALS	188,185			158,350	
IRRIGATION	32,878			26,860	
IRRIGATION PARTS & REPAIRS	5,408			13,253	
SIDEWALK CLEANING	6,489			5,301	
SIDEWALK REPAIR	9,734			10,603	
SIGNAGE	2,163			1,767	
STREETLIGHTS	9,734			7,952	
STORMWATER MANAGEMENT	1,298			16,911	
TREE/PLANT REPLACEMENT & TRIM	19,467			35,342	
TOTAL MAINTENANCE EXPENSES	518,864			491,070	

					
Total Expenditures	$	582,200		$	559,448	

					
EXCESS / (SHORTFALL)	$	1,016,193		$	995,174	

PAYMENT TO TRUSTEE	
(902,597)			
(884,414)	

BALANCE	$	113,596		$	110,760	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(56,798)			
(55,380)	
DISCOUNTS FOR EARLY PAYMENTS	(56,798)			(55,380)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

	FISCAL YEAR		FISCAL YEAR	
	2022/2023		2023/2024	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		974,071		959,827	
ON-ROLL ASSESSMENTS - ADMIN		68,452		67,080	
ON-ROLL ASSESSMENTS - MAINT		367,369		355,548	
ON-ROLL ASSESSMENTS - TIM		0		0	
STORMWATER		177,176		163,203	
OTHER INCOME		0		6,665	
DEVELOPER CONTRIBUTION - TIM		0		0	
Total Revenues		$	1,587,067		$	1,552,323	
EXPENDITURES - ADMIN					
AUDIT		5,500		6,109	
DISSEMINATION AGENT		430		333	
DISTRICT COUNSEL		8,830		8,887	
MANAGEMENT		10,614		12,002	
ASSESSMENT ROLL		1,104		1,111	
DUES, LICENSES & FEES		175		214	
ENGINEERING		5,519		5,554	
GENERAL INSURANCE		12,236		13,330	
WEB SITE MAINTENANCE		750		916	
LEGAL ADVERTISING		717		722	
MISCELLANEOUS		2,833		0	
TRAVEL AND PER DIEM		110		111	
OFFICE SUPPLIES		276		278	
POSTAGE & SHIPPING		22		39	
COPIES		110		333	
SUPERVISOR FEES		6,480		13,330	
TRUSTEE SERVICES		3,866		1,999	
OFFICE RENT		2,759		2,777	
CONTINUING DISCLOSURE FEE		644		333	
TOTAL ADMIN EXPENSES		62,976		68,379	

EXPENDITURES - MAINT		

LAKE MAINTENANCE	54,763			53,759	
TIM OPERATIONS	0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC	64,427			52,931	
CONTINGENCY - MAINTENANCE	15,463			12,703	
COMMUNITY AREA MAINTENANCE	8,590			8,822	
DEVLOPMENT COORDINATOR	13,122			5,552	
ELECTRIC	15,033			15,350	
ENGINEERING	21,476			17,644	
FIELD MANAGEMENT	42,451			42,344	
FOUNTAIN MAINTENANCE & CHEMICALS	6,443			5,293	
LANDSCAPING MAINTENANCE & MATERIALS	186,840			158,104	
IRRIGATION	32,643			26,818	
IRRIGATION PARTS & REPAIRS	5,369			13,233	
SIDEWALK CLEANING	6,443			5,293	
SIDEWALK REPAIR	9,664			10,586	
SIGNAGE	2,148			1,764	
STREETLIGHTS	9,664			7,940	
STORMWATER MANAGEMENT	1,289			16,885	
TREE/PLANT REPLACEMENT & TRIM	19,328			35,287	
TOTAL MAINTENANCE EXPENSES	515,155			490,307	

					
Total Expenditures	$	578,130		$	558,686	

					
EXCESS / (SHORTFALL)	$	1,008,937		$	993,637	

PAYMENT TO TRUSTEE	
(896,145)			
(883,041)	

BALANCE	$	112,792		$	110,596	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(56,396)			
(55,298)	
DISCOUNTS FOR EARLY PAYMENTS	(56,396)			(55,298)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

	FISCAL YEAR		FISCAL YEAR	
	2022/2023		2023/2024	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		892,249		911,990	
ON-ROLL ASSESSMENTS - ADMIN		63,880		61,006	
ON-ROLL ASSESSMENTS - MAINT		336,510		337,828	
ON-ROLL ASSESSMENTS - TIM		0		0	
STORMWATER		162,293		155,069	
OTHER INCOME		0		6,061	
DEVELOPER CONTRIBUTION - TIM		0		0	
Total Revenues		$	1,454,932		$	1,471,955	
EXPENDITURES - ADMIN					
AUDIT		5,500		5,556	
DISSEMINATION AGENT		393		303	
DISTRICT COUNSEL		8,088		8,082	
MANAGEMENT		9,722		10,915	
ASSESSMENT ROLL		1,011		1,010	
DUES, LICENSES & FEES		175		194	
ENGINEERING		5,055		5,051	
GENERAL INSURANCE		11,208		12,123	
WEB SITE MAINTENANCE		750		833	
LEGAL ADVERTISING		657		657	
MISCELLANEOUS		2,596		0	
TRAVEL AND PER DIEM		101		101	
OFFICE SUPPLIES		253		253	
POSTAGE & SHIPPING		20		35	
COPIES		101		303	
SUPERVISOR FEES		6,480		12,123	
TRUSTEE SERVICES		3,541		1,818	
OFFICE RENT		2,528		2,526	
CONTINUING DISCLOSURE FEE		590		303	
TOTAL ADMIN EXPENSES		58,771		62,187	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		50,163			51,080	
TIM OPERATIONS		0			0	
BUILDING, BRIDGE, MONUMENT MAINTENANC		59,016			50,293	
CONTINGENCY - MAINTENANCE		14,164			12,070	
COMMUNITY AREA MAINTENANCE		7,869			8,382	
DEVLOPMENT COORDINATOR		12,019			5,275	
ELECTRIC		13,770			14,585	
ENGINEERING		19,672			16,764	
FIELD MANAGEMENT		38,885			40,234	
FOUNTAIN MAINTENANCE & CHEMICALS		5,902			5,029	
LANDSCAPING MAINTENANCE & MATERIALS		171,145			150,224	
IRRIGATION		29,901			25,482	
IRRIGATION PARTS & REPAIRS		4,918			12,573	
SIDEWALK CLEANING		5,902			5,029	
SIDEWALK REPAIR		8,852			10,059	
SIGNAGE		1,967			1,676	
STREETLIGHTS		8,852			7,544	
STORMWATER MANAGEMENT		1,180			16,043	
TREE/PLANT REPLACEMENT & TRIM		17,705			33,528	
TOTAL MAINTENANCE EXPENSES		471,882			465,871	

						
Total Expenditures	$	530,652		$	528,058	

						
EXCESS / (SHORTFALL)	$	924,280		$	943,897	

PAYMENT TO TRUSTEE		
(820,869)			
(839,031)	

BALANCE	$	103,411		$	104,866	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(51,706)			
(52,433)	
DISCOUNTS FOR EARLY PAYMENTS		(51,706)			(52,433)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

	FISCAL YEAR		FISCAL YEAR	
	2022/2023		2023/2024	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		116,888		165,579	
ON-ROLL ASSESSMENTS - ADMIN		73,068		79,281	
ON-ROLL ASSESSMENTS - MAINT		44,084		61,336	
ON-ROLL ASSESSMENTS - TIM		69,678		37,874	
STORMWATER		21,261		28,154	
OTHER INCOME		0		7,877	
DEVELOPER CONTRIBUTION - TIM		0		0	
Total Revenues		$	324,980		$	380,102	
EXPENDITURES - ADMIN					
AUDIT		5,500		7,221	
DISSEMINATION AGENT		52		394	
DISTRICT COUNSEL		10,511		10,503	
MANAGEMENT		12,635		14,185	
ASSESSMENT ROLL		1,314		1,313	
DUES, LICENSES & FEES		175		253	
ENGINEERING		6,570		6,564	
GENERAL INSURANCE		14,566		15,754	
WEB SITE MAINTENANCE		750		1,083	
LEGAL ADVERTISING		854		853	
MISCELLANEOUS		3,373		0	
TRAVEL AND PER DIEM		131		131	
OFFICE SUPPLIES		328		328	
POSTAGE & SHIPPING		26		46	
COPIES		131		394	
SUPERVISOR FEES		6,480		15,754	
TRUSTEE SERVICES		464		2,363	
OFFICE RENT		3,285		3,282	
CONTINUING DISCLOSURE FEE		77		394	
TOTAL ADMIN EXPENSES		67,222		80,816	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		6,572			9,274	
TIM OPERATIONS		69,678			34,844	
BUILDING, BRIDGE, MONUMENT MAINTENANC		7,731			9,131	
CONTINGENCY - MAINTENANCE		1,856			2,191	
COMMUNITY AREA MAINTENANCE		1,031			1,522	
DEVLOPMENT COORDINATOR		1,575			958	
ELECTRIC		1,804			2,648	
ENGINEERING		2,577			3,044	
FIELD MANAGEMENT		5,094			7,305	
FOUNTAIN MAINTENANCE & CHEMICALS		773			913	
LANDSCAPING MAINTENANCE & MATERIALS		22,421			27,274	
IRRIGATION		3,917			4,626	
IRRIGATION PARTS & REPAIRS		644			2,283	
SIDEWALK CLEANING		773			913	
SIDEWALK REPAIR		1,160			1,826	
SIGNAGE		258			304	
STREETLIGHTS		1,160			1,370	
STORMWATER MANAGEMENT		155			2,913	
TREE/PLANT REPLACEMENT & TRIM		2,319			6,087	
TOTAL MAINTENANCE EXPENSES		131,497			119,427	

						
Total Expenditures	$	198,719		$	200,243	

						
EXCESS / (SHORTFALL)	$	126,260		$	179,859	

PAYMENT TO TRUSTEE		
(107,537)			
(152,333)	

BALANCE	$	18,723		$	27,526	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(9,362)			
(13,763)	
DISCOUNTS FOR EARLY PAYMENTS		(9,362)			(13,763)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

	FISCAL YEAR		FISCAL YEAR	
	2022/2023		2023/2024	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		0		486,157	
ON-ROLL ASSESSMENTS - ADMIN		54,691		53,281	
ON-ROLL ASSESSMENTS - MAINT		0		180,087	
ON-ROLL ASSESSMENTS - TIM		49,168		25,453	
STORMWATER		0		82,663	
OTHER INCOME		0		5,294	
DEVELOPER CONTRIBUTION - TIM		0		0	
Total Revenues		$	103,859		$	832,935	
EXPENDITURES - ADMIN					
AUDIT		5,000		4,853	
DISSEMINATION AGENT		0		265	
DISTRICT COUNSEL		7,417		7,058	
MANAGEMENT		8,916		9,533	
ASSESSMENT ROLL		927		882	
DUES, LICENSES & FEES		175		170	
ENGINEERING		4,636		4,412	
GENERAL INSURANCE		10,278		10,588	
WEB SITE MAINTENANCE		750		728	
LEGAL ADVERTISING		603		573	
MISCELLANEOUS		2,380		0	
TRAVEL AND PER DIEM		93		88	
OFFICE SUPPLIES		232		221	
POSTAGE & SHIPPING		19		31	
COPIES		93		265	
SUPERVISOR FEES		6,480		10,588	
TRUSTEE SERVICES		0		1,588	
OFFICE RENT		2,318		2,206	
CONTINUING DISCLOSURE FEE		0		265	
TOTAL ADMIN EXPENSES		50,315		54,312	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		0			27,229	
TIM OPERATIONS		49,168			23,417	
BUILDING, BRIDGE, MONUMENT MAINTENANC		0			26,810	
CONTINGENCY - MAINTENANCE		0			6,434	
COMMUNITY AREA MAINTENANCE		0			4,468	
DEVLOPMENT COORDINATOR		0			2,812	
ELECTRIC		0			7,775	
ENGINEERING		0			8,937	
FIELD MANAGEMENT		0			21,448	
FOUNTAIN MAINTENANCE & CHEMICALS		0			2,681	
LANDSCAPING MAINTENANCE & MATERIALS		0			80,080	
IRRIGATION		0			13,584	
IRRIGATION PARTS & REPAIRS		0			6,702	
SIDEWALK CLEANING		0			2,681	
SIDEWALK REPAIR		0			5,362	
SIGNAGE		0			894	
STREETLIGHTS		0			4,021	
STORMWATER MANAGEMENT		0			8,552	
TREE/PLANT REPLACEMENT & TRIM		0			17,873	
TOTAL MAINTENANCE EXPENSES		49,168			271,760	

						
Total Expenditures	$	99,484		$	326,072	

						
EXCESS / (SHORTFALL)	$	4,375		$	506,863	

PAYMENT TO TRUSTEE		
-			
(447,265)	

BALANCE	$	4,375		$	59,598	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(2,188)			
(29,799)	
DISCOUNTS FOR EARLY PAYMENTS		(2,188)			(29,799)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

	FISCAL YEAR		FISCAL YEAR	
	2022/2023		2023/2024	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		0		256,103	
ON-ROLL ASSESSMENTS - ADMIN		39,189		34,899	
ON-ROLL ASSESSMENTS - MAINT		0		94,868	
ON-ROLL ASSESSMENTS - TIM		30,672		16,672	
STORMWATER		0		43,546	
OTHER INCOME		0		3,467	
DEVELOPER CONTRIBUTION - TIM		0		0	
Total Revenues		$	69,861		$	449,554	
EXPENDITURES - ADMIN					
AUDIT		5,000		3,178	
DISSEMINATION AGENT		0		173	
DISTRICT COUNSEL		4,627		4,623	
MANAGEMENT		5,562		6,244	
ASSESSMENT ROLL		578		578	
DUES, LICENSES & FEES		175		111	
ENGINEERING		2,892		2,890	
GENERAL INSURANCE		6,412		6,935	
WEB SITE MAINTENANCE		750		477	
LEGAL ADVERTISING		376		376	
MISCELLANEOUS		39		0	
TRAVEL AND PER DIEM		58		58	
OFFICE SUPPLIES		145		144	
POSTAGE & SHIPPING		12		20	
COPIES		58		173	
SUPERVISOR FEES		6,480		6,935	
TRUSTEE SERVICES		1,446		1,040	
OFFICE RENT		0		1,445	
CONTINUING DISCLOSURE FEE		1,446		173	
TOTAL ADMIN EXPENSES		36,054		35,574	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		0			14,344	
TIM OPERATIONS		30,672			15,338	
BUILDING, BRIDGE, MONUMENT MAINTENANC		0			14,123	
CONTINGENCY - MAINTENANCE		0			3,390	
COMMUNITY AREA MAINTENANCE		0			2,354	
DEVLOPMENT COORDINATOR		0			1,481	
ELECTRIC		0			4,096	
ENGINEERING		0			4,708	
FIELD MANAGEMENT		0			11,298	
FOUNTAIN MAINTENANCE & CHEMICALS		0			1,412	
LANDSCAPING MAINTENANCE & MATERIALS		0			42,185	
IRRIGATION		0			7,156	
IRRIGATION PARTS & REPAIRS		0			3,531	
SIDEWALK CLEANING		0			1,412	
SIDEWALK REPAIR		0			2,825	
SIGNAGE		0			471	
STREETLIGHTS		0			2,118	
STORMWATER MANAGEMENT		0			4,505	
TREE/PLANT REPLACEMENT & TRIM		0			9,415	
TOTAL MAINTENANCE EXPENSES		30,672			146,163	

						
Total Expenditures	$	66,726		$	181,737	

						
EXCESS / (SHORTFALL)	$	3,135		$	267,818	

PAYMENT TO TRUSTEE		
-			
(235,614)	

BALANCE	$	3,135		$	32,203	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(1,568)			
(16,102)	
DISCOUNTS FOR EARLY PAYMENTS		(1,568)			(16,102)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

	FISCAL YEAR		FISCAL YEAR	
	2022/2023		2023/2024	
		ANNUAL BUDGET				PROPOSED BUDGET		
REVENUES					
ON-ROLL ASSESSMENTS - Debt		1,057,041		80,243	
ON-ROLL ASSESSMENTS - ADMIN		122,536		145,722	
ON-ROLL ASSESSMENTS - MAINT		80,380		29,724	
ON-ROLL ASSESSMENTS - TIM		128,071		69,614	
STORMWATER		38,766		13,644	
OTHER INCOME		0		14,479	
DEVELOPER CONTRIBUTION - TIM		0		0	
Total Revenues		$	1,426,795		$	353,426	
EXPENDITURES - ADMIN					
AUDIT		5,500		13,272	
DISSEMINATION AGENT		94		724	
DISTRICT COUNSEL		19,320		19,305	
MANAGEMENT		23,223		26,073	
ASSESSMENT ROLL		2,415		2,413	
DUES, LICENSES & FEES		175		465	
ENGINEERING		12,075		12,065	
GENERAL INSURANCE		26,773		28,957	
WEB SITE MAINTENANCE		750		1,991	
LEGAL ADVERTISING		1,570		1,569	
MISCELLANEOUS		162		0	
TRAVEL AND PER DIEM		242		241	
OFFICE SUPPLIES		1,450		603	
POSTAGE & SHIPPING		48		84	
COPIES		242		724	
SUPERVISOR FEES		6,480		28,957	
TRUSTEE SERVICES		6,038		4,344	
OFFICE RENT		141		6,033	
CONTINUING DISCLOSURE FEE		6,038		724	
TOTAL ADMIN EXPENSES		112,734		148,543	

EXPENDITURES - MAINT		

LAKE MAINTENANCE	11,982			4,494	
TIM OPERATIONS	128,071			64,045	
BUILDING, BRIDGE, MONUMENT MAINTENANC	14,097			4,425	
CONTINGENCY - MAINTENANCE	3,383			1,062	
COMMUNITY AREA MAINTENANCE	1,880			738	
DEVLOPMENT COORDINATOR	2,871			464	
ELECTRIC	3,289			1,283	
ENGINEERING	4,699			1,475	
FIELD MANAGEMENT	9,288			3,540	
FOUNTAIN MAINTENANCE & CHEMICALS	1,410			443	
LANDSCAPING MAINTENANCE & MATERIALS	40,881			13,218	
IRRIGATION	7,142			2,242	
IRRIGATION PARTS & REPAIRS	1,175			1,106	
SIDEWALK CLEANING	1,410			443	
SIDEWALK REPAIR	2,115			885	
SIGNAGE	470			148	
STREETLIGHTS	2,115			664	
STORMWATER MANAGEMENT	282			1,412	
TREE/PLANT REPLACEMENT & TRIM	4,229			2,950	
TOTAL MAINTENANCE EXPENSES	240,787			105,035	

					
Total Expenditures	$	353,521		$	253,578	

					
EXCESS / (SHORTFALL)	$	1,073,274		$	99,848	

PAYMENT TO TRUSTEE	
(972,478)			
(73,823)	

BALANCE	$	100,796		$	26,024	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(50,398)			
(13,012)	
DISCOUNTS FOR EARLY PAYMENTS	(50,398)			(13,012)	

NET EXCESS / (SHORTFALL)	$	-		$	-	

	FISCAL YEAR 2022/2023
	ANNUAL BUDGET		FISCAL YEAR 2023/2024
	PROPOSED BUDGET		
REVENUES			
ON-ROLL ASSESSMENTS - Debt	0	349,030	
ON-ROLL ASSESSMENTS - ADMIN	0	2,664	
ON-ROLL ASSESSMENTS - MAINT	0	129,291	
ON-ROLL ASSESSMENTS - TIM	0	1,273	
STORMWATER	0	59,347	
OTHER INCOME		265	
DEVELOPER CONTRIBUTION - TIM	0	0	

Total Revenues		$	-	$	541,869	
EXPENDITURES - ADMIN					
AUDIT			0	243	
DISSEMINATION AGENT			0	13	
DISTRICT COUNSEL			0	353	
MANAGEMENT			0	477	
ASSESSMENT ROLL			0	44	
DUES, LICENSES & FEES			0	8	
ENGINEERING			0	221	
GENERAL INSURANCE			0	529	
WEB SITE MAINTENANCE			0	36	
LEGAL ADVERTISING			0	29	
MISCELLANEOUS			0	0	
TRAVEL AND PER DIEM			0	4	
OFFICE SUPPLIES			0	11	
POSTAGE & SHIPPING			0	2	
COPIES			0	13	
SUPERVISOR FEES			0	529	
TRUSTEE SERVICES			0	79	
OFFICE RENT			0	110	
CONTINUING DISCLOSURE FEE			0	13	
TOTAL ADMIN EXPENSES			0	2,716	

EXPENDITURES - MAINT		

LAKE MAINTENANCE		0	19,549	
TIM OPERATIONS		0	1,171	
BUILDING, BRIDGE, MONUMENT MAINTENANC	0	19,248	
CONTINGENCY - MAINTENANCE		0	4,619	
COMMUNITY AREA MAINTENANCE		0	3,208	
DEVLOPMENT COORDINATOR		0	2,019	
ELECTRIC		0	5,582	
ENGINEERING		0	6,416	
FIELD MANAGEMENT		0	15,398	
FOUNTAIN MAINTENANCE & CHEMICALS		0	1,925	
LANDSCAPING MAINTENANCE & MATERIALS		0	57,493	
IRRIGATION		0	9,752	
IRRIGATION PARTS & REPAIRS		0	4,812	
SIDEWALK CLEANING		0	1,925	
SIDEWALK REPAIR		0	3,850	
SIGNAGE		0	642	
STREETLIGHTS		0	2,887	
STORMWATER MANAGEMENT		0	6,140	
TREE/PLANT REPLACEMENT & TRIM		0	12,832	
TOTAL MAINTENANCE EXPENSES		0	179,465	

				
Total Expenditures	$	-	$	182,181	

				
EXCESS / (SHORTFALL)	$	-	$	359,688	

PAYMENT TO TRUSTEE		
-	
(321,107)	

BALANCE	$	-	$	38,581	

COUNTY APPRAISER & TAX COLLECTOR FEE		
-	
(19,290)	
DISCOUNTS FOR EARLY PAYMENTS		-	(19,290)	
NET EXCESS / (SHORTFALL)		$	-		$	-	

PROPOSED ASSESSMENT ALLOCATION
FISCAL YEAR 2023/2024 OCTOBER 1, 2023 - SEPTEMBER 30, 2024
FISCAL YEAR	FISCAL YEAR
2022/2023	2023/2024

CDD 1	Assessments		Proposed Assessments	
Single Family	$	381.99		$	418.29	
Multi-Family	$	190.99		$	209.14	
Commerical Sq. Ft	$	0.1532		$	0.1674	
CDD 2				
Single Family	$	381.99		$	418.29	
Multi-Family	$	190.99		$	209.14	
Commerical Sq. Ft	$	0.1532		$	0.1674	
CDD 3				
Single Family	$	335.16		$	371.46	
Multi-Family	$	167.58		$	185.73	
Commerical Sq. Ft	$	0.1344		$	0.1486	
CDD 4				
Single Family	$	335.16		$	371.46	
Multi-Family	$	167.58		$	185.73	
Commerical Sq. Ft	$	0.1344		$	0.1486	
CDD 5				
Single Family	$	335.16		$	371.46	
Multi-Family	$	167.58		$	185.73	
Commerical Sq. Ft	$	0.1344		$	0.1486	
CDD 6				
Single Family	$	335.16		$	371.46	
Multi-Family	$	167.58		$	185.73	
Commerical Sq. Ft	$	0.1344		$	0.1486	
CDD 7				
Single Family	$	381.99		$	418.29	
Multi-Family	$	190.99		$	209.14	
Commerical Sq. Ft	$	0.1532		$	0.1674	
CDD 8				
Single Family	$	381.99		$	418.29	
Multi-Family	$	190.99		$	209.14	
Commerical Sq. Ft	$	0.1532		$	0.1674	
CDD 9				
Single Family	$	381.99		$	418.29	
Multi-Family	$	190.99		$	209.14	
Commerical Sq. Ft	$	0.1532		$	0.1674	
CDD 10				
Single Family	$	381.99		$	418.29	
Multi-Family	$	190.99		$	209.14	
Commerical Sq. Ft	$	0.1532		$	0.1674	
CDD 11	(Formed during FY23)			
Single Family	$	-		$	418.29	
Multi-Family	$	-		$	209.14	
Commerical Sq. Ft	$	30	-		$	0.1674	

REVENUES		

Interest Income		0	
Net Debt Collections		4,036,102	
Total Revenues	$	4,036,102	

EXPENDITURES			

Principal Payments		2,345,000	
Interest Payments		1,441,556	
Miscellaneous / Extra Redemption		249,546	
Total Expenditures	$	4,036,102	
			
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		968,795	
Total Revenues	$	968,795	

EXPENDITURES			

Principal Payments		380,000	
Interest Payments		588,795	
Miscellaneous / Extra Redemption		0	
Total Expenditures	$	968,795	

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 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	

FISCAL YEAR	FISCAL YEAR
2022/2023	2023/2024
	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	366,742	377,744	CPI Adjustment per contract
ENGINEERING	40,000	40,000
PROFESSIONAL SERVICES, OTHER	5,000	5,000
DEVELOPMENT COORDINATOR	61,100	62,933	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	26,046	13,111

Total Expenses

$	1,299,013	$

1,298,913

 		

EXCESS / (SHORTFALL)

$	368,325	$

368,425

PAYMENT TO TRUSTEE	(368,325)	(368,425)

BALANCE

$	(0)	$

(0)

 		

NET INCOME

$	-	$	-

PROPOSED DEBT SERVICE BUDGET TRADITION IRRIGATION SERIES 2017 BOND FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

	FISCAL YEAR 2023/2024
PROPOSED BUDGET	

REVENUES				
Transfer from Operating Fund			368,425	
Total Revenues		$	368,425	

EXPENDITURES				
Principal Payments			125,000	
Interest Payments			243,425	
Total Expenditures		$	368,425	
				
Excess / (Shortfall)		$	-	

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