Tradition Community Development Districts #1-11

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

3-4	FINAL BUDGET-RECAP CDD1-10
5-7	FINAL BUDGET-RECAP FY23 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
28-29 FINAL BUDGET-CDD 11
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

TRADITION COMMUNITY DEVELOPMENT DISTRICTS #1-11 FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

	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	3,802	19,914	59,123	59,836	59,836	54,418	70,719	47,526	31,130	129,985	2,376	538,664	
ON-ROLL ASSESSMENTS - MAINT	1,637	139,460	307,730	339,775	339,247	322,340	58,523	171,831	90,518	28,362	123,363	1,922,785	
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	830	70,717	156,043	172,292	172,024	163,451	29,676	87,131	45,900	14,381	62,555	975,000	
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	  $	13,358  $	637,547	 $  1,400,135	 $  1,539,887	 $  1,537,599	 $  1,458,260	 $	370,249	 $	823,392	 $	443,790	 $	337,063	 $	538,861	 $  9,100,142	

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		424		2,218		6,585		6,665		6,665		6,061		7,877		5,294		3,467		14,479		265		60000	
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		3,921		20,539		60,979		61,714		61,714		56,126		72,939		49,018		32,107		134,064		2,451		555,571	

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		226		19,221		42,412		46,828		46,755		44,425		8,066		23,682		12,475		3,909		17,002		265,000	
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		4,209		208,832		439,154		484,885		484,132		460,003		118,362		268,632		144,515		104,519		177,220		2,894,463	
																									
Total Expenditures			 $	8,130		 $	229,371		 $	500,132		 $	546,599		 $	545,846		 $	516,129		 $	191,301		 $	317,650		 $	176,622		 $	238,584		 $	179,671		 $  3,450,034	
EXCESS / (SHORTFALL)			 $	5,228		 $	408,176		 $	900,002		 $	993,288		 $	991,754		 $	942,131		 $	178,949		 $	505,742		 $	267,168		 $	98,480		 $	359,191		 $  5,650,108	

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			 $	968		 $	45,169		 $	99,001		 $	108,874		 $	108,713		 $	103,100		 $	26,616		 $	58,477		 $	31,554		 $	24,656		 $	38,083		 $	645,211	

COUNTY APPRAISER & TAX COLLECTOR FEE		
(484)		
(22,584)		
(49,500)		
(54,437)		
(54,356)		
(51,550)		
(13,308)		
(29,239)		
(15,777)		
(12,328)		
(19,042)		
(322,606)	
DISCOUNTS FOR EARLY PAYMENTS		(484)		(22,584)		(49,500)		(54,437)		(54,356)		(51,550)		(13,308)		(29,239)		(15,777)		(12,328)		(19,042)		(322,606)	
NET EXCESS / (SHORTFALL)			 $	- 		 $	- 		 $	- 		 $	- 		 $	- 		 $	- 		 $	- 		 $	- 		 $	- 		 $	- 		 $	- 		 $	- 	

	FISCAL YEAR	FISCAL YEAR	FISCAL YEAR		
	2022/2023	2022/2023	2023/2024		
		ANNUAL BUDGET		  ACTUALS - JULY 2023			FINAL BUDGET			
REVENUES						
ON-ROLL ASSESSMENTS - Debt	5,379,577	4,771,045	5,440,105		
ON-ROLL ASSESSMENTS - ADMIN	609,718	599,006	538,664		
ON-ROLL ASSESSMENTS - MAINT	1,710,616	1,680,561	1,922,785		
ON-ROLL ASSESSMENTS - TIM	300,956	295,668	163,587		
STORMWATER	825,000	974,432	975,000		
OTHER INCOME	0	213,684	60,000		
DEVELOPER CONTRIBUTION - TIM	0	1,381,680	0		
Total Revenues		$	8,825,868	$	9,916,076	$	9,100,142		
EXPENDITURES - ADMIN						
AUDIT	55,000	9,200	55,000		
BANK FEES	670	0	0		
DISSEMINATION AGENT	2,000	0	3,000		
DISTRICT COUNSEL	80,000	28,622	80,000		
MANAGEMENT	96,161	80,134	108,046		
ASSESSMENT ROLL	10,000	0	10,000		
DUES, LICENSES & FEES	1,750	1,875	1,925		
ENGINEERING	50,000	85,681	50,000		
GENERAL INSURANCE	110,860	100,912	120,000		
WEB SITE MAINTENANCE	7,500	6,250	8,250		
LEGAL ADVERTISING	6,500	3,990	6,500		
MISCELLANEOUS	0	16,821	0		
TRAVEL AND PER DIEM	1,000	779	1,000		
OFFICE SUPPLIES	2,500	2,785	2,500		
POSTAGE & SHIPPING	200	1,100	350		
COPIES	1,000	3,417	3,000		
SUPERVISOR FEES	64,800	39,092	60,000		
TRUSTEE SERVICES	18,000	16,663	18,000		
OFFICE RENT	25,000	73,823	25,000		
CONTINUING DISCLOSURE FEE	3,000	1,750	3,000		
CONTINGENCY - ADMIN	25,000	0	0		
TIM - CAPITAL (BOND/DEVELOPER FUNDED)	0	0	0		
TOTAL ADMIN EXPENSES	560,941	472,894	555,571		

COMMENTS	

No Change
Line item removed
Increase for future bonds (Western Grove) No Change
CPI Increase per contract plus additional CDD
No Change
Increase for additional CDD No Change
Estimating increase plus additional CDD Additional CDD
No Change
Line item removed (Actuals result of CDD #11 Establishment)
No longer charged for meeting room No longer purchasing decorations Adjustment for FY23 Actuals
Adjustment for FY23 Actuals
Assumes all supervisors attend 1 meeting per month No Change
No Change
Increase for future bonds (Western Grove) Line item removed
Line item removed

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR		
2022/2023	2022/2023	2023/2024		
	ANNUAL BUDGET		  ACTUALS - JULY 2023			FINAL BUDGET			
EXPENDITURES - MAINT				
LAKE MAINTENANCE	255,000	162,796	304,696		
TIM OPERATIONS	300,956	234,618	150,500		
BUILDING, BRIDGE, MONUMENT MAINTENANC	300,000	0	265,000		
(FKA CONTINGENCY) - MAINT RESERVES	72,000		72,000		
COMMUNITY AREA MAINTENANCE	40,000	96,603	50,000		
DEVELOPMENT COORDINATOR	61,100	50,917	31,467		
ELECTRIC	70,000	69,095	87,000		
ENGINEERING	100,000	90,884	100,000		
FIELD MANAGEMENT	197,667	164,723	240,000		
FOUNTAIN MAINTENANCE & CHEMICALS	30,000	14,599	30,000		
LANDSCAPING MAINTENANCE & MATERIALS	870,000	858,372	896,100		
IRRIGATION	152,000	128,169	152,000		
IRRIGATION PARTS & REPAIRS	25,000	41,014	75,000		
SIDEWALK CLEANING	30,000	30,000	30,000		
SIDEWALK REPAIR	45,000	0	60,000		
SIGNAGE	10,000	116,773	10,000		
STREETLIGHTS	45,000	104,869	45,000		
STORMWATER MANAGEMENT	6,000	76,748	95,700		
TREE/PLANT REPLACEMENT & TRIM	90,000	86,874	200,000		
TOTAL MAINTENANCE EXPENSES	2,699,723	2,327,054	2,894,463		
	
$	3,260,664	$	2,799,948			
Total Expenditures		$	3,450,034		
				
EXCESS / (SHORTFALL)	$	5,565,204	$	7,116,128	$	5,650,108		

PAYMENT TO TRUSTEE	
(4,949,211)	(4,259,544)	
(5,004,897)		
BOND PREPAYMENTS	-	Not Included in Actuals			
BALANCE	$	615,993	$	2,856,584	$	645,211		

COUNTY APPRAISER & TAX COLLECTOR FEE	(307,996)	
(280,145)	
(322,606)		
DISCOUNTS FOR EARLY PAYMENTS	(307,996)	(267,877)	(322,606)		
NET EXCESS / (SHORTFALL)	$	-	$	2,308,561	$	-		

COMMENTS	

Per contract, now inlcudes Wetland maintenance 50% of Operations: $211K & Insurance: $90K Maint plus $60K estimate for Lake 14 Shade Structure Changed to General Maintenance Reserves
Based on anticipated repairs
Split with SG plus CPI Increase per contract
Adjustment for FY23 Actuals No Change
Increase for Western Grove + additional CDD
No Change
3% Increase allowed per contract
No Change
Based on anticipated repairs
No Change
Several panel section replacements due to roots
No Change (Alligator Signs cause for FY23 increase) No Change (New Lightpoles cause for FY23 Increase) Estimated Canal & Lake Banks Mowing/Maintenance Trim increase + 20k in replacements

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		62,341	4,630	
ON-ROLL ASSESSMENTS - ADMIN		18,597	3,802	
ON-ROLL ASSESSMENTS - MAINT		23,512	1,637	
ON-ROLL ASSESSMENTS - TIM		3,746	2,036	
STORMWATER		11,339	830	
OTHER INCOME			424	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	119,535	$	13,358	
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	424	
TRUSTEE SERVICES		247	127	
OFFICE RENT		177	176	
CONTINUING DISCLOSURE FEE		41	21	
TOTAL ADMIN EXPENSES		17,110	3,921	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	3,505	259	
TIM OPERATIONS	3,746	1,873	
BUILDING, BRIDGE, MONUMENT MAINTENANC	4,123	226	
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	4,209	

$	53,826		
Total Expenditures		$	8,130	
			
EXCESS / (SHORTFALL)	$	65,709	$	5,228	

PAYMENT TO TRUSTEE	

(57,353)	
(4,260)	
BALANCE	$	8,355	$	968	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(4,178)	
(484)	
DISCOUNTS FOR EARLY PAYMENTS	(4,178)	(484)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		326,508	394,573	
ON-ROLL ASSESSMENTS - ADMIN		32,270	19,914	
ON-ROLL ASSESSMENTS - MAINT		123,142	139,460	
ON-ROLL ASSESSMENTS - TIM		19,620	10,665	
STORMWATER		59,389	70,717	
OTHER INCOME		0	2,218	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	560,931	$	637,547	
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	2,218	
TRUSTEE SERVICES		1,296	665	
OFFICE RENT		925	924	
CONTINUING DISCLOSURE FEE		216	111	
TOTAL ADMIN EXPENSES		29,689	20,539	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	18,357	22,100	
TIM OPERATIONS	19,620	9,812	
BUILDING, BRIDGE, MONUMENT MAINTENANC	21,596	19,221	
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	208,832	

$	221,989		
Total Expenditures		$	229,371	
			
EXCESS / (SHORTFALL)	$	338,941	$	408,176	

PAYMENT TO TRUSTEE	

(300,388)	
(363,007)	
BALANCE	$	38,553	$	45,169	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(19,277)	
(22,584)	
DISCOUNTS FOR EARLY PAYMENTS	(19,277)	(22,584)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		969,395	870,654	
ON-ROLL ASSESSMENTS - ADMIN		68,191	59,123	
ON-ROLL ASSESSMENTS - MAINT		365,605	307,730	
ON-ROLL ASSESSMENTS - TIM		0	0	
STORMWATER		176,325	156,043	
OTHER INCOME		0	6,585	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	1,579,516	$	1,400,135	
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	6,585	
TRUSTEE SERVICES		3,847	1,976	
OFFICE RENT		2,746	2,744	
CONTINUING DISCLOSURE FEE		641	329	
TOTAL ADMIN EXPENSES		62,736	60,979	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	54,500	48,765	
TIM OPERATIONS	0	0	
BUILDING, BRIDGE, MONUMENT MAINTENANC	64,118	42,412	
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	439,154	

$	575,418		
Total Expenditures		$	500,132	
			
EXCESS / (SHORTFALL)	$	1,004,099	$	900,002	

PAYMENT TO TRUSTEE	

(891,843)	
(801,002)	
BALANCE	$	112,255	$	99,001	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(56,128)	
(49,500)	
DISCOUNTS FOR EARLY PAYMENTS	(56,128)	(49,500)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		981,084	961,320	
ON-ROLL ASSESSMENTS - ADMIN		68,844	59,836	
ON-ROLL ASSESSMENTS - MAINT		370,014	339,775	
ON-ROLL ASSESSMENTS - TIM		0	0	
STORMWATER		178,451	172,292	
OTHER INCOME		0	6,665	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	1,598,393	$	1,539,887	
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	6,665	
TRUSTEE SERVICES		3,893	1,999	
OFFICE RENT		2,779	2,777	
CONTINUING DISCLOSURE FEE		649	333	
TOTAL ADMIN EXPENSES		63,336	61,714	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	55,158	53,843	
TIM OPERATIONS	0	0	
BUILDING, BRIDGE, MONUMENT MAINTENANC	64,891	46,828	
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	484,885	

$	582,200		
Total Expenditures		$	546,599	
			
EXCESS / (SHORTFALL)	$	1,016,193	$	993,288	

PAYMENT TO TRUSTEE	

(902,597)	
(884,414)	
BALANCE	$	113,596	$	108,874	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(56,798)	
(54,437)	
DISCOUNTS FOR EARLY PAYMENTS	(56,798)	(54,437)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		974,071	959,827	
ON-ROLL ASSESSMENTS - ADMIN		68,452	59,836	
ON-ROLL ASSESSMENTS - MAINT		367,369	339,247	
ON-ROLL ASSESSMENTS - TIM		0	0	
STORMWATER		177,176	172,024	
OTHER INCOME		0	6,665	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	1,587,067	$	1,537,599	
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	6,665	
TRUSTEE SERVICES		3,866	1,999	
OFFICE RENT		2,759	2,777	
CONTINUING DISCLOSURE FEE		644	333	
TOTAL ADMIN EXPENSES		62,976	61,714	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	54,763	53,759	
TIM OPERATIONS	0	0	
BUILDING, BRIDGE, MONUMENT MAINTENANC	64,427	46,755	
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	484,132	

$	578,130		
Total Expenditures		$	545,846	
			
EXCESS / (SHORTFALL)	$	1,008,937	$	991,754	

PAYMENT TO TRUSTEE	

(896,145)	
(883,041)	
BALANCE	$	112,792	$	108,713	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(56,396)	
(54,356)	
DISCOUNTS FOR EARLY PAYMENTS	(56,396)	(54,356)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		892,249	911,990	
ON-ROLL ASSESSMENTS - ADMIN		63,880	54,418	
ON-ROLL ASSESSMENTS - MAINT		336,510	322,340	
ON-ROLL ASSESSMENTS - TIM		0	0	
STORMWATER		162,293	163,451	
OTHER INCOME		0	6,061	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	1,454,932	$	1,458,260	
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	6,061	
TRUSTEE SERVICES		3,541	1,818	
OFFICE RENT		2,528	2,526	
CONTINUING DISCLOSURE FEE		590	303	
TOTAL ADMIN EXPENSES		58,771	56,126	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	50,163	51,080	
TIM OPERATIONS	0	0	
BUILDING, BRIDGE, MONUMENT MAINTENANC	59,016	44,425	
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	460,003	

$	530,652		
Total Expenditures		$	516,129	
			
EXCESS / (SHORTFALL)	$	924,280	$	942,131	

PAYMENT TO TRUSTEE	

(820,869)	
(839,031)	
BALANCE	$	103,411	$	103,100	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(51,706)	
(51,550)	
DISCOUNTS FOR EARLY PAYMENTS	(51,706)	(51,550)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		116,888	165,579	
ON-ROLL ASSESSMENTS - ADMIN		73,068	70,719	
ON-ROLL ASSESSMENTS - MAINT		44,084	58,523	
ON-ROLL ASSESSMENTS - TIM		69,678	37,874	
STORMWATER		21,261	29,676	
OTHER INCOME		0	7,877	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	324,980	$	370,249	
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	7,877	
TRUSTEE SERVICES		464	2,363	
OFFICE RENT		3,285	3,282	
CONTINUING DISCLOSURE FEE		77	394	
TOTAL ADMIN EXPENSES		67,222	72,939	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	6,572	9,274	
TIM OPERATIONS	69,678	34,844	
BUILDING, BRIDGE, MONUMENT MAINTENANC	7,731	8,066	
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	118,362	

$	198,719		
Total Expenditures		$	191,301	
			
EXCESS / (SHORTFALL)	$	126,260	$	178,949	

PAYMENT TO TRUSTEE	

(107,537)	
(152,333)	
BALANCE	$	18,723	$	26,616	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(9,362)	
(13,308)	
DISCOUNTS FOR EARLY PAYMENTS	(9,362)	(13,308)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		0	486,157	
ON-ROLL ASSESSMENTS - ADMIN		54,691	47,526	
ON-ROLL ASSESSMENTS - MAINT		0	171,831	
ON-ROLL ASSESSMENTS - TIM		49,168	25,453	
STORMWATER		0	87,131	
OTHER INCOME		0	5,294	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	103,859	$	823,392	
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	5,294	
TRUSTEE SERVICES		0	1,588	
OFFICE RENT		2,318	2,206	
CONTINUING DISCLOSURE FEE		0	265	
TOTAL ADMIN EXPENSES		50,315	49,018	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	0	27,229	
TIM OPERATIONS	49,168	23,417	
BUILDING, BRIDGE, MONUMENT MAINTENANC	0	23,682	
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	268,632	

$	99,484		
Total Expenditures		$	317,650	
			
EXCESS / (SHORTFALL)	$	4,375	$	505,742	

PAYMENT TO TRUSTEE	

-	
(447,265)	
BALANCE	$	4,375	$	58,477	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(2,188)	
(29,239)	
DISCOUNTS FOR EARLY PAYMENTS	(2,188)	(29,239)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		0	256,103	
ON-ROLL ASSESSMENTS - ADMIN		39,189	31,130	
ON-ROLL ASSESSMENTS - MAINT		0	90,518	
ON-ROLL ASSESSMENTS - TIM		30,672	16,672	
STORMWATER		0	45,900	
OTHER INCOME		0	3,467	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	69,861	$	443,790	
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	3,467	
TRUSTEE SERVICES		1,446	1,040	
OFFICE RENT		0	1,445	
CONTINUING DISCLOSURE FEE		1,446	173	
TOTAL ADMIN EXPENSES		36,054	32,107	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	0	14,344	
TIM OPERATIONS	30,672	15,338	
BUILDING, BRIDGE, MONUMENT MAINTENANC	0	12,475	
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	144,515	

$	66,726		
Total Expenditures		$	176,622	
			
EXCESS / (SHORTFALL)	$	3,135	$	267,168	

PAYMENT TO TRUSTEE	

-	
(235,614)	
BALANCE	$	3,135	$	31,554	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(1,568)	
(15,777)	
DISCOUNTS FOR EARLY PAYMENTS	(1,568)	(15,777)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES				
ON-ROLL ASSESSMENTS - Debt		1,057,041	80,243	
ON-ROLL ASSESSMENTS - ADMIN		122,536	129,985	
ON-ROLL ASSESSMENTS - MAINT		80,380	28,362	
ON-ROLL ASSESSMENTS - TIM		128,071	69,614	
STORMWATER		38,766	14,381	
OTHER INCOME		0	14,479	
DEVELOPER CONTRIBUTION - TIM		0	0	
Total Revenues		$	1,426,795	$	337,063	
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	14,479	
TRUSTEE SERVICES		6,038	4,344	
OFFICE RENT		141	6,033	
CONTINUING DISCLOSURE FEE		6,038	724	
TOTAL ADMIN EXPENSES		112,734	134,064	

EXPENDITURES - MAINT		
LAKE MAINTENANCE	11,982	4,494	
TIM OPERATIONS	128,071	64,045	
BUILDING, BRIDGE, MONUMENT MAINTENANC	14,097	3,909	
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	104,519	

$	353,521		
Total Expenditures		$	238,584	
			
EXCESS / (SHORTFALL)	$	1,073,274	$	98,480	

PAYMENT TO TRUSTEE	

(972,478)	
(73,823)	
BALANCE	$	100,796	$	24,656	

COUNTY APPRAISER & TAX COLLECTOR FEE	
(50,398)	
(12,328)	
DISCOUNTS FOR EARLY PAYMENTS	(50,398)	(12,328)	
NET EXCESS / (SHORTFALL)	$	-	$	-	

	FISCAL YEAR	FISCAL YEAR	
	2022/2023	2023/2024	
		ANNUAL BUDGET			FINAL BUDGET		
REVENUES			
ON-ROLL ASSESSMENTS - Debt	0	349,030	
ON-ROLL ASSESSMENTS - ADMIN	0	2,376	
ON-ROLL ASSESSMENTS - MAINT	0	123,363	
ON-ROLL ASSESSMENTS - TIM	0	1,273	
STORMWATER	0	62,555	
OTHER INCOME		265	
DEVELOPER CONTRIBUTION - TIM	0	0	
Total Revenues		$	-	$	538,861	
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	265	
TRUSTEE SERVICES			0	79	
OFFICE RENT			0	110	
CONTINUING DISCLOSURE FEE			0	13	
TOTAL ADMIN EXPENSES			0	2,451	

EXPENDITURES - MAINT		
LAKE MAINTENANCE		0	19,549	
TIM OPERATIONS		0	1,171	
BUILDING, BRIDGE, MONUMENT MAINTENANC		0	17,002	
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	177,220	
		
$	-			
Total Expenditures				$	179,671	
					
EXCESS / (SHORTFALL)		$	-		$	359,191	

PAYMENT TO TRUSTEE			
-	
(321,107)	
BALANCE		$	-		$	38,083	

COUNTY APPRAISER & TAX COLLECTOR FEE			
-	
(19,042)	
DISCOUNTS FOR EARLY PAYMENTS			-	(19,042)	
NET EXCESS / (SHORTFALL)		$	-		$	-	

FINAL 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		$	395.93	
Multi-Family	$	190.99		$	197.97	
Commerical Sq. Ft	$	0.1532		$	0.1584	
CDD 2				
Single Family	$	381.99		$	395.93	
Multi-Family	$	190.99		$	197.97	
Commerical Sq. Ft	$	0.1532		$	0.1584	
CDD 3				
Single Family	$	335.16		$	349.11	
Multi-Family	$	167.58		$	174.55	
Commerical Sq. Ft	$	0.1344		$	0.1396	
CDD 4				
Single Family	$	335.16		$	349.11	
Multi-Family	$	167.58		$	174.55	
Commerical Sq. Ft	$	0.1344		$	0.1396	
CDD 5				
Single Family	$	335.16		$	349.11	
Multi-Family	$	167.58		$	174.55	
Commerical Sq. Ft	$	0.1344		$	0.1396	
CDD 6				
Single Family	$	335.16		$	349.11	
Multi-Family	$	167.58		$	174.55	
Commerical Sq. Ft	$	0.1344		$	0.1396	
CDD 7				
Single Family	$	381.99		$	395.93	
Multi-Family	$	190.99		$	197.97	
Commerical Sq. Ft	$	0.1532		$	0.1584	
CDD 8				
Single Family	$	381.99		$	395.93	
Multi-Family	$	190.99		$	197.97	
Commerical Sq. Ft	$	0.1532		$	0.1584	
CDD 9				
Single Family	$	381.99		$	395.93	
Multi-Family	$	190.99		$	197.97	
Commerical Sq. Ft	$	0.1532		$	0.1584	
CDD 10				
Single Family	$	381.99		$	395.93	
Multi-Family	$	190.99		$	197.97	
Commerical Sq. Ft	$	0.1532		$	0.1584	
CDD 11	(Formed during FY23)			
Single Family	$	-		$	395.93	
Multi-Family	$	-		$	197.97	
Commerical Sq. Ft	$	Page 28-		$	0.1584	

	FISCAL YEAR 2023/2024
FINAL BUDGET	

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	

	FISCAL YEAR 2023/2024
FINAL BUDGET	

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			

REVENUES	 SERVICE CHARGE - IRRIGATION ENGINEERING REVENUE FEES
 	
Total Revenues

COMMENTS	

Projected

EXPENSES	
FIELD OPERATIONS TRUSTEE SERVICES MANAGEMENT ENGINEERING
PROFESSIONAL SERVICES, OTHER DEVELOPMENT COORDINATOR CITY FRANCHISE FEE
TRAVEL AND PER DIEM TELEPHONE
POSTAGE AND SHIPPING BANK FEES
BAD DEBT OFFICE SUPPLIES
FIELD SUPPLIES (OTHER) DUES, LICENSES, FEES VEHICLE, GAS, & REPAIR ELECTRIC
WATER
OTHER UTILITIES GENERAL INSURANCE
GENERAL REPAIR & MAINTENANCE LANDSCAPING MAINTENANCE & MATERIAL HVAC
RENEWAL AND REPLACEMENT
OTHER SYSTEM IMPROVEMENTS OPERATING RESERVES/MISC CONTINGENCY

CPI Adjustment per contract

CPI Adjustment per contract
6% of Gross Receipts + Installments

FISCAL YEAR	FISCAL YEAR
2022/2023	2023/2024
	ANNUAL BUDGET			FINAL BUDGET	

$

1,650,000
17,338
1,667,338	$

1,890,000
17,338
1,907,338

0
5,000
366,742
40,000
5,000
61,100
109,421
400
1,930
253
1,250
65,000
250
2,000
2,300
1,000
105,000
170
1,550
21,102
153,000
11,000
4,500
200,000
75,000
40,000
26,046

0
5,000
377,744
40,000
5,000
62,933
165,000
400
1,930
253
1,250
65,000
250
2,000
2,300
1,000
105,000
170
1,550
21,102
215,000
11,000
4,500
250,000
100,000
80,000
20,531

$

1,299,013

$

1,538,913

$

368,325

$

368,425

(368,325)

(368,425)

$

(0)	$

0

$

-

$

-

Total Expenses

EXCESS / (SHORTFALL)

PAYMENT TO TRUSTEE

BALANCE

NET INCOME

	FISCAL YEAR 2023/2024
FINAL 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