Grand Bay At Doral Community Development District

Amended Final Budget For Fiscal Year 2017/2018
October 1, 2017 - September 30, 2018

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DORAL BREEZE OPERATING FUND BUDGET III	AMENDED FINAL MIDTOWN OPERATING FUND BUDGET
IV	AMENDED FINAL NORTH/SOUTH OPERATING FUND BUDGET V	AMENDED FINAL NORTH/SOUTH OPERATING FUND BUDGET
VI	AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2012 - DORAL BREEZE) VII	AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2014 - MIDTOWN)
VIII	AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2014 - NORTH) IX	AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2007 - SOUTH)

GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND - ALL UNITS
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET
10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR  TO DATE ACTUAL
10/1/17 - 9/29/18	
Administrative Assessments	142,420	151,195	151,195	
Maintenance Assessments	404,446	235,663	235,663	
Direct Bill O&M Assessments	0	32,500	32,500	
Debt Assessments - A Bonds	2,737,215	2,730,666	2,730,666	
Debt Assessments - A-1 Bonds	981,223	983,864	983,864	
Debt Assessments - A-2 Bonds	857,361	864,145	864,145	
Developer Contribution - Debt	0	642,863	642,863	
Other Revenues	0	0	0	
Interest Income	720	2,160	2,142	
TOTAL REVENUES	$	5,123,385	$	5,643,056	$	5,643,038	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
Management	32,976	32,976	32,976	
Field Operations	6,900	6,900	6,900	
Legal	30,000	12,400	9,489	
Assessment Roll	10,500	10,000	10,000	
Audit Fees	6,400	6,400	6,400	
Arbitrage Rebate Fee	3,000	3,000	3,000	
Insurance - GL & Public Officials Liability Insurance	6,750	6,033	6,033	
Insurance - Property Coverage	6,800	0	0	
Legal Advertisements	1,500	1,340	508	
Miscellaneous	2,971	2,550	1,506	
Postage	865	280	251	
Office Supplies	1,618	1,330	1,175	
Dues & Subscriptions	175	175	175	
Trustee Fee	21,500	21,326	21,326	
Continuing Disclosure Fee	3,000	3,000	3,000	
Website Management	1,500	1,500	1,500	
Property Taxes	2,000	78	78	
TOTAL ADMINISTRATIVE EXPENDITURES	$	138,455	$	109,288	$	104,317	
				
MAINTENANCE EXPENDITURES				
Preserve Area Maintenance/Upkeep	28,910	38,300	33,877	
Maintenance Contingency	54,000	9,500	4,808	
Miscellaneous Maintenance	68,600	6,000	95	
Lawn/Landscape Service - Median/Right Of Way MTE	24,000	39,800	36,998	
Mulch/Fertilizer/Pesticide	7,200	2,000	1,192	
Lift Station/Sewer Line MTE (Adagio)	12,000	3,450	2,424	
Lift Station/Sewer Line MTE (Midtown)	37,500	3,600	2,550	
Irrigation Systems Maintenance & Power	5,700	1,046	1,046	
Security	44,100	0	0	
Tree/Shrubbery Replacement	2,500	0	0	
Annual Engineer's Report & Misc Engineering	6,100	4,670	4,670	
Lake Tract Aquatic Management - 3 Lakes (Doral Breeze)	21,650	10,000	8,534	
Roadway/Signage/Drainage	3,000	0	0	
Midtown Plaza Upkeep/Fountains/FPL/Janitorial/Landscape	48,120	15,700	12,652	
FPL Easement Maintenance/Upkeep	2,400	0	0	
FPL Power Sanitary Sewer Lift Stations	14,400	0	0	
TOTAL MAINTENANCE EXPENDITURES	$	380,180	$	134,066	$	108,846	
				
TOTAL EXPENDITURES	$	518,635	$	243,354	$	213,163	
				
REVENUES LESS EXPENDITURES	$	4,604,750	$	5,399,702	$	5,429,875	
				
Bond Payments (A)	(2,572,982)	(3,259,035)	(3,259,035)	
Bond Payments (A-1)	(922,349)	(955,786)	(955,786)	
Bond Payments (A-2)	(805,919)	(840,938)	(840,938)	
BALANCE	$	303,500	$	343,943	$	374,116	
				
County Appraiser & Tax Collector Fee	(102,453)	(47,047)	(47,047)	
Discounts For Early Payments	(204,907)	(132,569)	(132,569)	
				
Excess/ (Shortfall)	$	(3,860)	$	164,327	$	194,500	
				
Carryover From Prior Year	3,860	3,860	0	
				
Net Excess/ (Shortfall)	$	(0)	$	168,187	$	194,500	

10/9/2018  8:32 AM	I

OPERATING FUND - DORAL BREEZE FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET
10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR  TO DATE ACTUAL
10/1/17 - 9/29/18	
Administrative Assessments	28,886	31,242	31,242	
Maintenance Assessments	28,830	28,832	28,832	
Debt Assessments - 2012 Bonds	878,704	884,498	884,498	
Other Revenues	0	0	0	
Interest Income	158	470	468	
				
TOTAL REVENUES	$	936,578	$	945,042	$	945,040	
				
EXPENDITURES				
Maintenance Expenditures				
Preserve Area Maintenance/Upkeep	6,000	8,500	7,474	
Maintenance Contingency	0	0	0	
Miscellaneous Maintenance	10,050	2,500	0	
Lake Tract Aquatic Management - 3 Lakes (Doral Breeze)	10,250	10,000	8,534	
Roadway/Signage/Drainage	0	0	0	
Lawn/Landscape Service - Median Maintenance/Right Of Way	0	3,000	2,250	
Mulch/Fertilizer/Pesticide	0	0	0	
FPL Easment Maintenance Upkeep	0	0	0	
FPL Power Lake Fountains	0	0	0	
Electrical For Irrigation Pumps	0	1,046	1,046	
Irrigation Repairs	0	0	0	
Tree/Shrubbery Replacement	0	0	0	
Annual Engineer's Report & Miscellaneous Engineering	800	850	850	
Total Maintenance Expenditures	27,100	25,896	20,154	
				
Administrative Expenditures				
Management	7,215	7,215	7,215	
Field Operations	1,050	1,050	1,050	
Legal	6,564	2,200	1,628	
Assessment Roll	2,188	2,188	2,188	
Audit Fees	1,400	1,406	1,406	
Arbitrage Rebate Fee	500	500	500	
Insurance - GL & Public Officials Liability Insurance	1,477	1,320	1,320	
Insurance - Property Coverage	300	0	0	
Legal Advertisements	328	200	111	
Miscellaneous	569	400	217	
Postage	88	60	55	
Office Supplies	329	300	257	
Dues & Subscriptions	38	38	38	
Trustee Fee	4,000	3,826	3,826	
Continuing Disclosure Fee	500	500	500	
Website Management	328	328	328	
Property Taxes	437	17	17	
Total Administrative Expenditures	27,311	21,548	20,656	
				
TOTAL EXPENDITURES	$	54,411	$	47,444	$	40,810	
				
REVENUES LESS EXPENDITURES	$	882,167	$	897,598	$	904,230	
				
Bond Payments (2012)	(825,982)	(845,570)	(845,570)	
				
BALANCE	$	56,185	$	52,028	$	58,660	
				
County Appraiser & Tax Collector Fee	(18,728)	(9,958)	(9,958)	
Discounts For Early Payments	(37,457)	(31,529)	(31,529)	
				
EXCESS/ (SHORTFALL)	$	-	$	10,541	$	17,173	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	10,541	$	17,173	

OPERATING FUND - MIDTOWN FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET
10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR TO DATE ACTUAL
10/1/17 - 9/29/18	
Administrative Assessments	27,786	31,482	31,482	
Maintenance Assessments	247,893	80,012	80,012	
Direct Bill O&M Assessments	0	32,500	32,500	
Debt Assessments - 2014A-1 Bonds	628,563	629,420	629,420	
Debt Assessments - 2014A-2 Bonds	610,712	614,283	614,283	
Developer Contribution	0	0	0	
Other Revenues	0	0	0	
Interest Income	63	195	189	
				
TOTAL REVENUES	$	1,515,017	$	1,387,892	$	1,387,886	
				
EXPENDITURES				
Maintenance Expenditures				
Preserve Area Maintenance/Upkeep	2,400	6,800	5,765	
Maintenance Contingency	24,000	7,500	4,808	
Miscellaneous Maintenance	8,700	1,000	95	
Lawn/Landscape Service - Median/Right Of Way MTE	24,000	36,800	34,748	
Mulch/Fertilizer/Pesticide	7,200	2,000	1,192	
Lift Station/Sanitary Sewer Line MTE (Midtown)	37,500	3,600	2,550	
Electrical For Irrigation Pumps	5,700	0	0	
Security	44,100	0	0	
Tree/Shrubbery Replacement	2,500	0	0	
Roadways/Signage/Drainage	3,000	0	0	
Midtown Plaza Upkeep/Fountains/FPL/Janitorial/Landscape	48,120	15,700	12,652	
FPL Easement Maintenance/Upkeep	2,400	0	0	
FPL Power Sanitary Sewer Lift Stations	9,000	0	0	
Fountain Maintenance & Power	11,400	0	0	
Annual Engineer's Report & Miscellaneous Engineering	3,000	1,300	1,300	
Total Maintenance Expenditures	233,020	74,700	63,110	
				
Administrative Expenditures				
Management	3,000	3,000	3,000	
Field Operations	2,580	2,580	2,580	
Legal	2,640	1,000	655	
Assessment Roll	1,500	880	880	
Audit Fees	563	564	564	
Arbitrage Rebate Fee	1,000	1,000	1,000	
Insurance - GL & Public Officials Liability Insurance	594	531	531	
Insurance - Property Coverage	4,500	0	0	
Legal Advertisements	132	100	45	
Miscellaneous	600	500	287	
Postage	500	30	22	
Office Supplies	250	130	103	
Dues & Subscriptions	15	15	15	
Trustee Fee	7,000	7,000	7,000	
Continuing Disclosure Fee	1,000	1,000	1,000	
Website Management	132	132	132	
Property Taxes	176	7	7	
Total Administrative Expenditures	26,182	18,469	17,821	
				
TOTAL EXPENDITURES	$	259,202	$	93,169	$	80,931	
				
REVENUES LESS EXPENDITURES	$	1,255,815	$	1,294,723	$	1,306,955	
				
Bond Payments - Series 2014A-1	(590,849)	(616,825)	(616,825)	
Bond Payments - Series 2014A-2	(574,069)	(601,991)	(601,991)	
				
BALANCE	$	90,897	$	75,907	$	88,139	
				
County Appraiser & Tax Collector Fee	(30,299)	(13,870)	(13,870)	
Discounts For Early Payments	(60,598)	(13,201)	(13,201)	
				
EXCESS/ (SHORTFALL)	$	-	$	48,836	$	61,068	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	48,836	$	61,068	

GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT
OPERATING FUND - NORTH FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET 10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR  TO DATE ACTUAL
10/1/17 - 9/29/18	
Administrative Assessments	25,726	27,607	27,607	
Maintenance Assessments	13,957	13,974	13,974	
Direct Bill O&M Assessments	0	0	0	
Debt Assessments - 2014A-1 Bonds	352,660	354,444	354,444	
Debt Assessments - 2014A-2 Bonds	246,649	249,862	249,862	
Developer Contribution - Debt	0	0	0	
Other Revenues	0	0	0	
Interest Income	155	465	462	
				
TOTAL REVENUES	$	639,147	$	646,352	$	646,349	
				
EXPENDITURES				
Maintenance Expenditures				
Preserve Area Maintenance/Upkeep	3,820	7,500	6,428	
Maintenance Contingency	0	0	0	
Miscellaneous Maintenance	1,200	500	0	
Lawn/Landscape Service - Median - Right Of Way Maintenance	0	0	0	
Mulch/Fertilizer/Pesticide	0	0	0	
Lift Station/Sewer Line MTE (Adagio)	4,800	2,800	1,880	
Electrical For Irrigation Pumps	0	0	0	
Irrigation Repairs	0	0	0	
Tree/Shrubbery Replacement	0	0	0	
Roadways/Signage/Drainage	0	0	0	
FPL Easement Maintenance/Upkeep	0	0	0	
FPL Power Sanitary Sewer Lift Stations	1,800	0	0	
Annual Engineer's Report & Miscellaneous Engineering	1,500	1,050	1,050	
Total Maintenance Expenditures	13,120	11,850	9,358	
				
Administrative Expenditures				
Management	4,344	4,344	4,344	
Field Operations	1,037	1,037	1,037	
Legal	6,477	3,100	2,056	
Assessment Roll	2,160	2,159	2,159	
Audit Fees	1,382	1,377	1,377	
Arbitrage Rebate Fee	1,000	1,000	1,000	
Insurance - GL & Public Officials Liability Insurance	1,458	1,303	1,303	
Insurance - Property Coverage	750	0	0	
Legal Advertisements	324	324	110	
Miscellaneous	561	450	214	
Postage	86	60	54	
Office Supplies	324	300	254	
Dues & Subscriptions	38	38	38	
Trustee Fee	7,000	7,000	7,000	
Continuing Disclosure Fee	500	500	500	
Website Management	324	324	324	
Property Taxes	432	17	17	
Total Administrative Expenditures	28,197	23,333	21,786	
				
TOTAL EXPENDITURES	$	41,317	$	35,183	$	31,144	
				
REVENUES LESS EXPENDITURES	$	597,830	$	611,169	$	615,205	
				
Bond Payments - Series 2014A-1	(331,500)	(338,960)	(338,960)	
Bond Payments - Series 2014A-2	(231,850)	(238,947)	(238,947)	
				
BALANCE	$	34,480	$	33,262	$	37,298	
				
County Appraiser & Tax Collector Fee	(12,780)	(6,561)	(6,561)	
Discounts For Early Payments	(25,560)	(21,586)	(21,586)	
				
EXCESS/ (SHORTFALL)	$	(3,860)	$	5,115	$	9,151	
				
Carryover From Prior Year	3,860	3,860	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	8,975	$	9,151	

GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT
OPERATING FUND - SOUTH FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET 10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR  TO DATE ACTUAL
10/1/17 - 9/29/18	
Administrative Assessments	60,022	60,865	60,865	
Maintenance Assessments	113,766	112,844	112,844	
Direct Bill O&M Assessments	0	0	0	
Debt Assessments	1,858,511	1,846,168	1,846,168	
Developer Contribution - Debt	0	642,863	642,863	
Other Revenues	0	0	0	
Interest Income	344	1,030	1,023	
				
TOTAL REVENUES	$	2,032,643	$	2,663,770	$	2,663,763	
				
EXPENDITURES				
Maintenance Expenditures				
Preserve Area Maintenance/Upkeep	16,690	15,500	14,210	
Maintenance Contingency	30,000	2,000	0	
Miscellaneous Maintenance	48,650	2,000	0	
Lawn/Landscape Service - Median - Right Of Way Maintenance	0	0	0	
Mulch/Fertilizer/Pesticide	0	0	0	
Lift Station/Sewer Line MTE (Adagio)	7,200	650	545	
Electrical For Irrigation Pumps	0	0	0	
Irrigation Repairs	0	0	0	
Tree/Shrubbery Replacement	0	0	0	
Roadways/Signage/Drainage	0	0	0	
FPL Easement Maintenance/Upkeep	0	0	0	
FPL Power Sanitary Sewer Lift Stations	3,600	0	0	
Annual Engineer's Report & Miscellaneous Engineering	800	1,470	1,470	
Total Maintenance Expenditures	106,940	21,620	16,225	
				
Administrative Expenditures				
Management	18,417	18,417	18,417	
Field Operations	2,233	2,233	2,233	
Legal	14,319	6,100	5,151	
Assessment Roll	4,652	4,773	4,773	
Audit Fees	3,055	3,053	3,053	
Arbitrage Rebate Fee	500	500	500	
Insurance - GL & Public Officials Liability Insurance	3,221	2,880	2,880	
Insurance - Property Coverage	1,250	0	0	
Legal Advertisements	716	716	242	
Miscellaneous	1,241	1,200	788	
Postage	191	130	120	
Office Supplies	715	600	561	
Dues & Subscriptions	84	84	84	
Trustee Fee	3,500	3,500	3,500	
Continuing Disclosure Fee	1,000	1,000	1,000	
Website Management	716	716	716	
Property Taxes	955	37	37	
Total Administrative Expenditures	56,765	45,939	44,054	
				
TOTAL EXPENDITURES	$	163,705	$	67,559	$	60,279	
				
REVENUES LESS EXPENDITURES	$	1,868,938	$	2,596,211	$	2,603,484	
				
Bond Payments - Series 2016	(1,747,000)	(2,413,465)	(2,413,465)	
				
BALANCE	$	121,938	$	182,746	$	190,019	
				
County Appraiser & Tax Collector Fee	(40,646)	(16,658)	(16,658)	
Discounts For Early Payments	(81,292)	(66,253)	(66,253)	
				
EXCESS/ (SHORTFALL)	$	-	$	99,835	$	107,108	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	99,835	$	107,108	

DEBT SERVICE FUND (SERIES 2012 - DORAL BREEZE) FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET
10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR TO DATE ACTUAL
10/1/17 - 9/29/18	
Interest Income	250	11,550	11,529	
NAV Tax Collection	825,982	845,570	845,570	
Total Revenues	$	826,232	$	857,120	$	857,099	
				
EXPENDITURES				
Principal Payments	210,000	200,000	200,000	
Interest Payments	616,232	621,357	621,357	
				
Total Expenditures	$	826,232	$	821,357	$	821,357	
				
Excess/ (Shortfall)	$	-	$	35,763	$	35,742	

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

$1,015,486	
$35,763	
$1,051,249	

Notes
Reserve Fund Balance = $414,600*. Revenue Fund Balance = $636,630*. Revenue Fund Used To Fund 11-1-18 Principal & Interest Payment Of $518,116 (Principal: $210,000 + Interest: $308,116 = $518,116).
* Approximate Amounts

Series 2012 (Doral Breeze) Bond Information
Original Par Amount =	$11,625,000	Annual Principal Payments Due:	
Interest Rate =	5.13%	November 1st	
Issue Date =	October 2012	Annual Interest Payments Due:	
Maturity Date =	November 2042	May 1st & November 1st	
Par Amount As Of 9/30/18 =	$10,730,000		

10/9/2018 8:32 AM	VI

DEBT SERVICE FUND (SERIES 2014 - MIDTOWN) FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET
10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR TO DATE ACTUAL
10/1/17 - 9/29/18	
Interest Income (2014A-1)	250	9,700	9,656	
Interest Income (2014A-2)	250	9,400	9,377	
NAV Tax Collection	1,164,918	0	0	
NAV Tax Collection (2014-1)	0	616,825	616,825	
NAV Tax Collection (2014-2)	0	601,991	601,991	
Total Revenues	$	1,165,418	$	1,237,916	$	1,237,849	
				
EXPENDITURES				
Principal Payments (2014A-1)	125,000	125,000	125,000	
Principal Payments (2014A-2)	150,000	150,000	150,000	
Interest Payments (2014A-1)	466,099	469,380	469,380	
Interest Payments (2014A-2)	424,319	428,725	428,725	
Total Expenditures	$	1,165,418	$	1,173,105	$	1,173,105	
				
Excess/ (Shortfall)	$	-	$	64,811	$	64,744	

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

$1,722,287	
$64,811	
$1,787,098	

Notes
Reserve (A-1) Fund Balance = $597,722*. Reserve (A-2) Fund Balance = $582,823* Revenue (A-1) Fund Balance = $312,247*. Revenue (A-2) Fund Balance = $294,117* Revenue (A-1) Fund Balance To Be Used To Make 11-1-18 Interest Payment Of $231,409. Revenue (A-2) Fund Balance To Be Used To Make 11-1-18 Interest Payment Of $209,956.
* Approximate Amounts

Series 2014-1 Bond Information	
Original Par Amount =	$8,390,000	Annual Principal Payments Due:	
Interest Rate =	5.25% - 5.90%	May 1st	
Issue Date =	October 2014	Annual Interest Payments Due:	
Maturity Date =	May 2045	May 1st & November 1st	
Par Amount As Of 9/30/18 =	$8,030,000		

Series 2014-2 Bond Refunding Information	
Original Par Amount =	$7,095,000	Annual Principal Payments Due:	
Interest Rate =	5.875% - 6.5%	May 1st	
Issue Date =	October 2014	Annual Interest Payments Due:	
Maturity Date =	May 2039	May 1st & November 1st	
Par Amount As Of 9/30/18 =	$6,665,000		

DEBT SERVICE FUND (SERIES 2014 - NORTH) FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET
10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR TO DATE ACTUAL
10/1/17 - 9/29/18	
Interest Income (2014A-1)	250	3,770	3,747	
Interest Income (2014A-2)	250	2,150	2,133	
NAV Tax Collection	563,350	0	0	
NAV Tax Collection (2014-1)	0	338,960	338,960	
NAV Tax Collection (2014-2)	0	238,947	238,947	
Total Revenues	$	563,850	$	583,827	$	583,787	
				
EXPENDITURES				
Principal Payments (2014A-1)	75,000	75,000	75,000	
Principal Payments (2014A-2)	85,000	85,000	85,000	
Interest Payments (2014A-1)	256,750	258,250	258,250	
Interest Payments (2014A-2)	147,100	148,800	148,800	
Total Expenditures	$	563,850	$	567,050	$	567,050	
				
Excess/ (Shortfall)	$	-	$	16,777	$	16,737	

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

$436,712	
$16,777	
$453,489	

Notes
Reserve (2014A-1) Fund Balance = $142,522*. Reserve (2014A-2) Fund Balance = $59,123* Revenue (2014A-1) Fund Balance = $153,075*. Revenue (2014A-2) Fund Balance = $98,680* Revenue (2014A-1) Fund Balance To Be Used To Make 11-1-18 Interest Payment Of $127,625. Revenue (2014A-2) Fund Balance To Be Used To Make 11-1-18 Interest Payment Of $72,700.
* Approximate Amounts

Series 2014-1 Bond Information	
Original Par Amount =	$5,450,000	Annual Principal Payments Due:	
Interest Rate =	4.00% - 5.00%	May 1st	
Issue Date =	November 2014	Annual Interest Payments Due:	
Maturity Date =	May 2045	May 1st & November 1st	
Par Amount As Of 9/30/18 =	$5,230,000		

Series 2014-2 Bond Refunding Information	
Original Par Amount =	$3,295,000	Annual Principal Payments Due:	
Interest Rate =	4.00% - 5.00%	May 1st	
Issue Date =	November 2014	Annual Interest Payments Due:	
Maturity Date =	May 2039	May 1st & November 1st	
Par Amount As Of 9/30/18 =	$3,050,000		

DEBT SERVICE FUND (SERIES 2016 - SOUTH) FISCALYEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET 10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR TO DATE ACTUAL
10/1/17 - 9/29/18	
Interest Income	500	27,700	27,682	
Payment By Developer	0	642,863	642,863	
NAV Tax Collection	1,747,000	1,770,603	1,770,603	
Prepaid Bond Collection	0	4,212,541	4,212,541	
Total Revenues	$	1,747,500	$	6,653,707	$	6,653,689	
				
EXPENDITURES				
Principal Payments	470,000	400,000	400,000	
Extraordinary Principal Payments	0	4,370,000	4,370,000	
Interest Payments	127,750	1,235,925	1,235,925	
Transfer To Construction Fund	0	9,700	7,683	
Total Expenditures	$	597,750	$	6,015,625	$	6,013,608	
				
Excess/ (Shortfall)	$	1,149,750	$	638,082	$	640,081	

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

$878,949	
$638,082	
$1,517,031	

Notes
Reserve Fund Balance = $881,558* Revenue Fund Balance = $625,308* Revenue Fund Used To Fund 11-1-18 Interest Payment Of $532,494 November 2017 Interest Payment Of $642,863 Funded By Developer
* Approximate Amounts

Series 2016 (South) Bond Information
Original Par Amount =	$27,635,000	Annual Principal Payments Due:	
Interest Rate =	3.5% - 5.00%	May 1st	
Issue Date =	March 2016	Annual Interest Payments Due:	
Maturity Date =
Par Amount As Of 9/30/2018 =	May 2046
$22,410,000	May 1st & November 1st