Grand Bay At Doral Community Development District

Proposed Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

I	DETAILED PROPOSED BUDGET II	BUDGET COMPARISON
III	DETAILED PROPOSED BUDGET - DORAL BREEZE IV	DETAILED PROPOSED BUDGET - MIDTOWN
V	DETAILED PROPOSED BUDGET - NORTH PARCEL VI	DETAILED PROPOSED BUDGET - SOUTH PARCEL
VII	DETAILED PROPOSED 2012 (DORAL BREEZE) DEBT SERVICE FUND BUDGET VIII	DETAILED PROPOSED 2014 (MIDTOWN) DEBT SERVICE FUND BUDGET   IX	DETAILED PROPOSED 2014 (NORTH PARCEL) DEBT SERVICE FUND BUDGET X	DETAILED PROPOSED 2016 (SOUTH PARCEL) DEBT SERVICE FUND BUDGET XI	ASSESSMENT COMPARISON - DORAL BREEZE
ASSESSMENT COMPARISON - MIDTOWN

ASSESSMENT COMPARISON - NORTH PARCEL XIV	ASSESSMENT COMPARISON - SOUTH PARCEL

DETAILED PROPOSED BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2017/2018 ACTUAL	
FISCAL YEAR 2018/2019 BUDGET		DORAL BREEZE FISCAL YEAR 2019/2020 BUDGET	MIDTOWN DORAL FISCAL YEAR 2019/2020 BUDGET	GRAND BAY NORTH FISCAL YEAR 2019/2020
BUDGET	GRAND BAY SOUTH FISCAL YEAR 2019/2020
BUDGET	
FISCAL YEAR 2019/2020 BUDGET	
Administrative Assessments	151,195	120,259		18,217	27,206	12,327	55,681	113,431	
Maintenance Assessments	235,663	425,404		38,987	248,253	27,061	117,772	432,073	
Direct Bill O&M Assessments	32,500	0		0	0	0	0	0	
Debt Assessments - A Bonds	2,730,666	2,454,396		884,505	0	0	1,569,891	2,454,396	
Debt Assessments - A-1 Bonds	983,864	985,790		0	631,354	354,436	0	985,790	
Debt Assessments - A-2 Bonds	864,145	866,004		0	616,148	249,856	0	866,004	
Developer Contribution - Debt	642,863	0		0	0	0	0	0	
Other Revenues	0	0		0	0	0	0	0	
Interest Income	2,243	720		219	89	215	477	1,000	
									
TOTAL REVENUES	$	5,643,139	$	4,852,573		$	941,928	$	1,523,050	$	643,895	$	1,743,821	$	4,852,694	
									
EXPENDITURES									
Maintenance Expenditures									
Preserve Area Interior Maintenance/Upkeep	33,877	28,980		6,610	2,530	4,030	18,030	31,200	
Preserve Area Perimeter Maintenance/Upkeep	0	15,000		3,413	1,373	3,368	7,446	15,600	
Maintenance Contingency	4,808	48,000		1,200	16,000	3,000	17,000	37,200	
Miscellaneous Maintenance	0	60,000		4,800	7,400	1,200	26,000	39,400	
Lawn/Landscape Service - Median/Right Of Way MTE	36,998	32,000		1,200	39,000	1,200	12,000	53,400	
Mulch/Fertilizer/Pesticide	1,192	7,200		900	7,200	500	2,400	11,000	
Lift Station/Sanitary Sewer Line MTE (Adagio)	2,424	15,000		0	0	5,000	10,000	15,000	
Lift Station/Sanitary Sewer Line MTE (Midtown)	2,550	36,000		0	33,000	0	0	33,000	
Irrigation Systems MTE & Power	1,141	5,700		2,400	6,000	300	900	9,600	
Security	0	45,000		0	45,000	0	0	45,000	
Tree/Shrubbery Replacement	0	3,000		600	3,000	250	1,500	5,350	
Annual Engineer's Report & Misc Engineering	4,920	5,600		900	2,700	1,500	1,000	6,100	
Lake Tract MTE & Fountain MTE - DB & MT	8,534	23,400		11,400	12,000	0	0	23,400	
Roadway/Signage/Drainage	0	3,000		600	3,000	500	4,800	8,900	
Midtown Plaza Upkeep/Janitorial	12,652	45,000		0	42,000	0	0	42,000	
FPL Easement Maintenance/Upkeep	0	12,000		2,625	4,055	2,590	5,730	15,000	
FPL Power Sanitary Sewer Lift Stations	0	15,000		0	9,100	2,000	3,900	15,000	
									
Total Maintenance Expenditures	109,096	399,880		36,648	233,358	25,438	110,706	406,150	
									
Administrative Expenditures									
Management	32,976	33,660		7,505	3,106	4,521	19,164	34,296	
Field Operations	6,900	6,900		1,050	3,000	1,037	2,233	7,320	
Legal	10,539	25,000		4,923	1,980	4,858	10,739	22,500	
Assessment Roll	10,000	10,500		2,188	1,500	2,160	4,652	10,500	
Audit Fees	6,400	8,000		1,750	704	1,727	3,819	8,000	
Arbitrage Rebate Fee	3,000	3,000		500	1,000	1,000	500	3,000	
Insurance - GL & Public Officials Liability Insurance	6,033	8,000		1,750	704	1,727	3,819	8,000	
Insurance - Property Coverage	0	6,800		300	4,500	750	1,250	6,800	
Legal Advertisements	508	2,000		383	154	378	835	1,750	
Miscellaneous	1,506	2,971		656	264	648	1,432	3,000	
Postage	251	865		175	70	173	382	800	
Office Supplies	1,174	1,618		350	140	346	764	1,600	
Dues & Subscriptions	175	175		38	15	38	84	175	
Trustee Fee	21,326	21,500		4,000	7,000	7,000	3,500	21,500	
Continuing Disclosure Fee	3,000	3,000		500	1,000	500	1,000	3,000	
Website Management	1,500	1,500		437	176	432	955	2,000	
Property Taxes	78	2,000		437	176	432	955	2,000	
Administrative Contingency	0	2,400		525	210	520	1,145	2,400	
Total Administrative Expenditures	105,366	139,889		27,467	25,699	28,247	57,228	138,641	
									
TOTAL EXPENDITURES	$	214,462	$	539,769		$	64,115	$	259,057	$	53,685	$	167,934	$	544,791	
									
REVENUES LESS EXPENDITURES	$	5,428,677	$	4,312,804		$	877,813	$	1,263,993	$	590,210	$	1,575,887	$	4,307,903	
									
Bond Payments (A)	(3,259,035)	(2,307,133)		(831,435)	0	0	(1,475,698)	$	(2,307,133)	
Bond Payments (A-1)	(955,786)	(926,643)		0	(593,473)	(333,170)	0	$	(926,643)	
Bond Payments (A-2)	(840,938)	(814,043)		0	(579,179)	(234,864)	0	$	(814,043)	
									
BALANCE	$	372,918	$	264,985		$	46,378	$	91,341	$	22,176	$	100,189	$	260,084	
									
County Appraiser & Tax Collector Fee	(47,047)	(97,036)		(18,834)	(30,459)	(12,874)	(34,866)	$	(97,033)	
Discounts For Early Payments	(132,569)	(194,074)		(37,668)	(60,918)	(25,747)	(69,734)	$	(194,067)	
									
EXCESS/ (SHORTFALL)	$	193,302	$	(26,125)		$	(10,124)	$	(36)	$	(16,445)	$	(4,411)	$	(31,016)	
									
Carryover From Prior Year	0	26,125		10,124	36	16,445	4,411	31,016	
									
NET EXCESS/ (SHORTFALL)	$	193,302	$	(0)		$	-	$	-	$	-	$	-	$	-	

Units
Total Units	Doral Breeze	Midtown Doral	Grand Bay North	Grand Bay South*	Total Units

$	4,251

541	1847	347	1516	4251

* - Includes 440 Apartment Units

BUDGET COMPARISON
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2017/2018 ACTUAL	
FISCAL YEAR 2018/2019 BUDGET	
FISCAL YEAR 2019/2020 BUDGET	
Administrative Assessments	151,195	120,259	113,431	
Maintenance Assessments	235,663	425,404	432,073	
Direct Bill O&M Assessments	32,500	0	0	
Debt Assessments - A Bonds	2,730,666	2,454,396	2,454,396	
Debt Assessments - A-1 Bonds	983,864	985,790	985,790	
Debt Assessments - A-2 Bonds	864,145	866,004	866,004	
Developer Contribution - Debt	642,863	0	0	
Other Revenues	0	0	0	
Interest Income	2,243	720	1,000	
				
TOTAL REVENUES	$	5,643,139	$	4,852,573	$	4,852,694	
				
EXPENDITURES				
Maintenance Expenditures				
Preserve Area Interior Maintenance/Upkeep	33,877	28,980	31,200	
Preserve Area Perimeter Maintenance/Upkeep	0	15,000	15,600	
Maintenance Contingency	4,808	48,000	37,200	
Miscellaneous Maintenance	0	60,000	39,400	
Lawn/Landscape Service - Median/Right Of Way MTE	36,998	32,000	53,400	
Mulch/Fertilizer/Pesticide	1,192	7,200	11,000	
Lift Station/Sanitary Sewer Line MTE (Adagio)	2,424	15,000	15,000	
Lift Station/Sanitary Sewer Line MTE (Midtown)	2,550	36,000	33,000	
Irrigation Systems MTE & Power	1,141	5,700	9,600	
Security	0	45,000	45,000	
Tree/Shrubbery Replacement	0	3,000	5,350	
Annual Engineer's Report & Miscellaneous Engineering	4,920	5,600	6,100	
Lake Tract MTE & Fountain MTE - DM & MT	8,534	23,400	23,400	
Roadways/Signage/Drainage	0	3,000	8,900	
Midtown Plaza Upkeep/Janitorial	12,652	45,000	42,000	
FPL Easement Maintenance/Upkeep	0	12,000	15,000	
FPL Power Sanitary Sewer Lift Stations	0	15,000	15,000	
				
Total Maintenance Expenditures	109,096	399,880	406,150	
				
Administrative Expenditures				
Management	32,976	33,660	34,296	
Field Operations	6,900	6,900	7,320	
Legal	10,539	25,000	22,500	
Assessment Roll	10,000	10,500	10,500	
Audit Fees	6,400	8,000	8,000	
Arbitrage Rebate Fee	3,000	3,000	3,000	
Insurance - GL & Public Officials Liability Insurance	6,033	8,000	8,000	
Insurance - Property Coverage	0	6,800	6,800	
Legal Advertisements	508	2,000	1,750	
Miscellaneous	1,506	2,971	3,000	
Postage	251	865	800	
Office Supplies	1,174	1,618	1,600	
Dues & Subscriptions	175	175	175	
Trustee Fee	21,326	21,500	21,500	
Continuing Disclosure Fee	3,000	3,000	3,000	
Website Management	1,500	1,500	2,000	
Property Taxes	78	2,000	2,000	
Administrative Contingency	0	2,400	2,400	
Total Administrative Expenditures	105,366	139,889	138,641	
				
TOTAL EXPENDITURES	$	214,462	$	539,769	$	544,791	
				
REVENUES LESS EXPENDITURES	$	5,428,677	$	4,312,804	$	4,307,903	
				
Bond Payments (A)	(3,259,035)	$	(2,307,133)	$	(2,307,133)	
Bond Payments (A-1)	(955,786)	$	(926,643)	$	(926,643)	
Bond Payments (A-2)	(840,938)	$	(814,043)	$	(814,043)	
				
BALANCE	$	372,918	$	264,985	$	260,084	
				
County Appraiser & Tax Collector Fee	(47,047)	$	(97,036)	$	(97,033)	
Discounts For Early Payments	(132,569)	$	(194,074)	$	(194,067)	
				
EXCESS/ (SHORTFALL)	$	193,302	$	(26,125)	$	(31,016)	
				
Carryover From Prior Year	0	26,125	31,016	
				
NET EXCESS/ (SHORTFALL)	$	193,302	$	-	$	-	

DORAL BREEZE PROPOSED BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2017/2018 ACTUAL	
FISCAL YEAR 2018/2019
BUDGET	
FISCAL YEAR 2019/2020
BUDGET	
Administrative Assessments	31,242	22,518	18,217	
Maintenance Assessments	28,832	34,699	38,987	
Debt Assessments - 2012 Bonds	884,498	884,505	884,505	
Other Revenues	0	0	0	
Interest Income	569	158	219	
				
TOTAL REVENUES	$	945,141	$	941,880	$	941,928	
				
EXPENDITURES				
Maintenance Expenditures				
Preserve Area Interior Maintenance/Upkeep	7,474	6,010	6,610	
Preserve Area Perimeter Maintenance/Upkeep	0	3,282	3,413	
Maintenance Contingency	0	0	1,200	
Miscellaneous Maintenance	2,250	8,500	4,800	
Irrigation Systems MTE & Power	0	0	2,400	
Lake Tract MTE & Fountain MTE	8,534	11,400	11,400	
Lawn/Landscape Service - Median Maintenance/Right Of Way	0	0	1,200	
Mulch/Fertilizer/Pesticide	0	0	900	
FPL Easment Maintenance Upkeep	0	2,625	2,625	
Electrical For Irrigation Pumps	0	0	0	
Irrigation Repairs	1,046	0	0	
Tree/Shrubbery Replacement	0	0	600	
Roadway/Signage/Drainage	0	0	600	
Annual Engineer's Report & Miscellaneous Engineering	850	800	900	
Total Maintenance Expenditures	20,154	32,617	36,648	
				
Administrative Expenditures				
Management	7,215	7,365	7,505	
Field Operations	1,050	1,050	1,050	
Legal	1,857	5,470	4,923	
Assessment Roll	2,188	2,188	2,188	
Audit Fees	1,406	1,750	1,750	
Arbitrage Rebate Fee	500	500	500	
Insurance - GL & Public Officials Liability Insurance	1,320	1,750	1,750	
Insurance - Property Coverage	0	300	300	
Legal Advertisements	111	438	383	
Miscellaneous	217	569	656	
Postage	55	88	175	
Office Supplies	257	329	350	
Dues & Subscriptions	38	38	38	
Trustee Fee	3,826	4,000	4,000	
Continuing Disclosure Fee	500	500	500	
Website Management	328	328	437	
Property Taxes	17	437	437	
Administrative Contingency	0	525	525	
Total Administrative Expenditures	20,885	27,625	27,467	
				
TOTAL EXPENDITURES	$	41,039	$	60,242	$	64,115	
				
REVENUES LESS EXPENDITURES	$	904,102	$	881,638	$	877,813	
				
Bond Payments (2012)	(845,570)	(831,435)	(831,435)	
				
BALANCE	$	58,532	$	50,203	$	46,378	
				
County Appraiser & Tax Collector Fee	(9,958)	(18,834)	(18,834)	
Discounts For Early Payments	(31,529)	(37,669)	(37,668)	
				
EXCESS/ (SHORTFALL)	$	17,045	$	(6,300)	$	(10,124)	
				
Carryover From Prior Year		6,300	10,124	
				
NET EXCESS/ (SHORTFALL)	$	17,045	$	-	$	-	

MIDTOWN PROPOSED BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2017/2018 ACTUAL	
FISCAL YEAR 2018/2019
BUDGET	
FISCAL YEAR 2019/2020
BUDGET	
Administrative Assessments	31,482	26,635	27,206	
Maintenance Assessments	80,012	248,920	248,253	
Direct Bill O&M Assessments	32,500	0	0	
Debt Assessments - 2014A-1 Bonds	629,420	631,354	631,354	
Debt Assessments - 2014A-2 Bonds	614,283	616,149	616,149	
Developer Contribution - Deb	0	0	0	
Other Revenues	0	0	0	
Interest Income	189	63	89	
				
TOTAL REVENUES	$	1,387,886	$	1,523,121	$	1,523,051	
				
EXPENDITURES				
Maintenance Expenditures				
Preserve Area Interior Maintenance/Upkeep	5,765	2,410	2,530	
Preserve Area Perimeter Maintenance/Upkeep	0	1,320	1,373	
Maintenance Contingenc	4,808	21,000	16,000	
Miscellaneous Maintenance	0	7,700	7,400	
Lawn/Landscape Service - Median/Right Of Way MTE	34,748	32,000	39,000	
Mulch/Fertilizer/Pesticide	1,192	7,200	7,200	
Lift Station/Sanitary Sewer Line MTE (Midtown	2,550	36,000	33,000	
Irrigation Systems MTE & Power	95	5,700	6,000	
Security	0	45,000	45,000	
Tree/Shrubbery Replacement	0	3,000	3,000	
Roadways/Signage/Drainage	0	3,000	3,000	
Midtown Plaza Upkeep/Janitoria	12,652	45,000	42,000	
FPL Easement Maintenance/Upkeep	0	1,055	4,055	
FPL Power Sanitary Sewer Lift Stations	0	9,100	9,100	
Lake Tract MTE & Fountain MTE	0	12,000	12,000	
Annual Engineer's Report & Miscellaneous Engineerin	1,440	2,500	2,700	
Total Maintenance Expenditures	63,250	233,985	233,358	
				
Administrative Expenditures				
Management	3,000	3,063	3,106	
Field Operations	2,580	2,580	3,000	
Legal	747	2,200	1,980	
Assessment Roll	880	1,500	1,500	
Audit Fees	564	704	704	
Arbitrage Rebate Fee	1,000	1,000	1,000	
Insurance - GL & Public Officials Liability Insuranc	531	704	704	
Insurance - Property Coverage	0	4,500	4,500	
Legal Advertisements	45	176	154	
Miscellaneous	287	600	264	
Postage	22	500	70	
Office Supplies	103	250	140	
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	176	
Property Taxes	7	176	176	
Administrative Contingency	0	210	210	
Total Administrative Expenditures	17,913	26,310	25,699	
				
TOTAL EXPENDITURES	$	81,163	$	260,295	$	259,057	
				
REVENUES LESS EXPENDITURES	$	1,306,723	$	1,262,826	$	1,263,994	
				
Bond Payments - Series 2014A-1	(616,825)	(593,473)	(593,473)	
Bond Payments - Series 2014A-2	(601,991)	(579,179)	(579,179)	
				
BALANCE	$	87,907	$	90,174	$	91,342	
				
County Appraiser & Tax Collector Fee	(13,870)	(30,461)	(30,459)	
Discounts For Early Payments	(13,201)	(60,922)	(60,918)	
				
EXCESS/ (SHORTFALL)	$	60,836	$	(1,209)	$	(35)	
				
Carryover From Prior Year	0	1,210	36	
				
NET EXCESS/ (SHORTFALL)	$	60,836	$	1	$	1	

GRAND BAY NORTH PARCEL PROPOSED BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2017/2018 ACTUAL	
FISCAL YEAR 2018/2019 BUDGET	
FISCAL YEAR 2019/2020 BUDGET	
Administrative Assessments	27,607	18,912	12,327	
Maintenance Assessments	13,974	20,487	27,061	
Direct Bill O&M Assessments	0	0	0	
Debt Assessments - 2014A-1 Bonds	354,444	354,436	354,436	
Debt Assessments - 2014A-2 Bonds	249,862	249,856	249,856	
Developer Contribution - Debt	0	0	0	
Other Revenues	0	0	0	
Interest Income	462	155	215	
				
TOTAL REVENUES	$	646,349	$	643,846	$	643,895	
				
EXPENDITURES				
Maintenance Expenditures				
Preserve Area Interior Maintenance/Upkeep	6,428	3,830	4,030	
Preserve Area Perimeter Maintenance/Upkeep	0	3,238	3,368	
Maintenance Contingency	0	0	3,000	
Miscellaneous Maintenance	0	1,100	1,200	
Lawn/Landscape Service - Median - Right Of Way Maintenance	0	0	1,200	
Mulch/Fertilizer/Pesticide	0	0	500	
Lift Station/Sanitary Sewer Line MTE (Adagio)	1,880	5,000	5,000	
Irrigation Systems MTE & Power	0	0	300	
Tree/Shrubbery Replacement	0	0	250	
Roadways/Signage/Drainage	0	0	500	
FPL Easement Maintenance/Upkeep	0	2,590	2,590	
FPL Power Sanitary Sewer Lift Stations	0	2,000	2,000	
Annual Engineer's Report & Miscellaneous Engineering	1,050	1,500	1,500	
Total Maintenance Expenditures	9,358	19,258	25,438	
				
Administrative Expenditures				
Management	4,344	4,437	4,521	
Field Operations	1,037	1,037	1,037	
Legal	2,283	5,397	4,858	
Assessment Roll	2,159	2,160	2,160	
Audit Fees	1,377	1,727	1,727	
Arbitrage Rebate Fee	1,000	1,000	1,000	
Insurance - GL & Public Officials Liability Insurance	1,303	1,727	1,727	
Insurance - Property Coverage	0	750	750	
Legal Advertisements	110	432	378	
Miscellaneous	214	561	648	
Postage	54	86	173	
Office Supplies	254	324	346	
Dues & Subscriptions	38	38	38	
Trustee Fee	7,000	7,000	7,000	
Continuing Disclosure Fee	500	500	500	
Website Management	324	324	432	
Property Taxes	17	432	432	
Administrative Contingency	0	520	520	
Total Administrative Expenditures	22,014	28,452	28,247	
				
TOTAL EXPENDITURES	$	31,372	$	47,710	$	53,685	
				
REVENUES LESS EXPENDITURES	$	614,977	$	596,136	$	590,210	
				
Bond Payments - Series 2014A-1	(338,960)	(333,170)	(333,170)	
Bond Payments - Series 2014A-2	(238,947)	(234,864)	(234,864)	
				
BALANCE	$	37,070	$	28,102	$	22,176	
				
County Appraiser & Tax Collector Fee	(6,561)	(12,874)	(12,874)	
Discounts For Early Payments	(21,586)	(25,748)	(25,747)	
				
EXCESS/ (SHORTFALL)	$	8,923	$	(10,520)	$	(16,445)	
				
Carryover From Prior Year	0	10,520	16,445	
				
NET EXCESS/ (SHORTFALL)	$	8,923	$	-	$	-	

GRAND BAY SOUTH PARCEL PROPOSED BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2017/2018 ACTUAL	
FISCAL YEAR 2018/2019 BUDGET	
FISCAL YEAR 2019/2020 BUDGET	
Administrative Assessments	60,865	52,194	55,681	
Maintenance Assessments	112,844	121,298	117,772	
Direct Bill O&M Assessments	0	0	0	
Debt Assessments - A Bonds	1,846,168	1,569,891	1,569,891	
Developer Contribution - Debt	642,863	0	0	
Other Revenues	0	0	0	
Interest Income	1,023	344	477	
				
TOTAL REVENUES	$	2,663,763	$	1,743,727	$	1,743,821	
				
EXPENDITURES				
Maintenance Expenditures				
Preserve Area Interior Maintenance/Upkeep	14,210	16,730	18,030	
Preserve Area Perimeter Maintenance/Upkeep	0	7,160	7,446	
Maintenance Contingency	0	27,000	17,000	
Miscellaneous Maintenance	0	42,700	26,000	
Lawn/Landscape Service - Median - Right Of Way Maintenance	0	0	12,000	
Mulch/Fertilizer/Pesticide	0	0	2,400	
Lift Station/Sanitary Sewer Line MTE (Adagio)	545	10,000	10,000	
Irrigation Systems MTE & Power	0	0	900	
Tree/Shrubbery Replacement	0	0	1,500	
Roadways/Signage/Drainage	0	0	4,800	
FPL Easement Maintenance/Upkeep	0	5,730	5,730	
FPL Power Sanitary Sewer Lift Stations	0	3,900	3,900	
Annual Engineer's Report & Miscellaneous Engineering	1,580	800	1,000	
Total Maintenance Expenditures	16,335	114,020	110,706	
				
Administrative Expenditures				
Management	18,417	18,795	19,164	
Field Operations	2,233	2,233	2,233	
Legal	5,652	11,933	10,739	
Assessment Roll	4,773	4,652	4,652	
Audit Fees	3,053	3,819	3,819	
Arbitrage Rebate Fee	500	500	500	
Insurance - GL & Public Officials Liability Insurance	2,880	3,819	3,819	
Insurance - Property Coverage	0	1,250	1,250	
Legal Advertisements	242	954	835	
Miscellaneous	788	1,241	1,432	
Postage	120	191	382	
Office Supplies	561	715	764	
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	955	
Property Taxes	37	955	955	
Administrative Contingency	0	1,145	1,145	
Total Administrative Expenditures	44,556	57,502	57,228	
				
TOTAL EXPENDITURES	$	60,891	$	171,522	$	167,934	
				
REVENUES LESS EXPENDITURES	$	2,602,872	$	1,572,205	$	1,575,887	
				
Bond Payments - A Bonds	(2,413,465)	(1,475,697)	(1,475,697)	
Bond Payments - Series 2014A-1	0	0	0	
Bond Payments - Series 2014A-2	0	0	0	
				
BALANCE	$	189,407	$	96,508	$	100,190	
				
County Appraiser & Tax Collector Fee	(16,658)	(34,867)	(34,866)	
Discounts For Early Payments	(66,253)	(69,735)	(69,734)	
				
EXCESS/ (SHORTFALL)	$	106,496	$	(8,094)	$	(4,410)	
				
Carryover From Prior Year	0	8,095	4,411	
				
NET EXCESS/ (SHORTFALL)	$	106,496	$	1	$	1	

DETAILED PROPOSED DEBT SERVICE FUND (2012 - DORAL BREEZE) BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2017/2018 ACTUAL	FISCAL YEAR 2018/2019 BUDGET	FISCAL YEAR 2019/2020 BUDGET	

COMMENTS	

Interest Income	
13,127	
500	
500	
Projected Interest For 2019/2020	

NAV Tax Collection	
845,570	
831,435	
831,435	
Maximum Debt Service Collection	

Total Revenues	
$	858,697	
$	831,935	
$	831,935		

EXPENDITURES					

Principal Payments	
200,000	
220,000	
235,000	
Principal Payment Due In 2020	

Interest Payments	
621,356	
605,469	
594,194	
Interest Payments Due In 2020	

Bond Redemption	
0	
6,466	
2,741	
Estimated Excess Debt Collections	

Total Expenditures	
$	821,356	
$	831,935	
$	831,935		

Excess/ (Shortfall)	
$	37,341	
$	-	
$	-		

 	Series  2012 (Doral  Breeze) Bond Information	
Original Par Amount =	$11,625,000	Annual Principal Payments Due =	November 1st	
Interest Rate = Issue Date = Maturity Date =	5.13%
October 2012
November 2042	Annual Interest Payments Due =	May 1st & November 1st	
Par Amount As Of 1-1-19 =	$10,520,000			

DETAILED PROPOSED DEBT SERVICE FUND (2014 - MIDTOWN) BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2017/2018 ACTUAL	FISCAL YEAR 2018/2019 BUDGET	FISCAL YEAR 2019/2020 BUDGET	

COMMENTS	

Interest Income (A-1)	
11,055	
500	
500	
Projected Interest For 2019/2020	

Interest Income (A-2)	
10,725	
500	
500	
Projected Interest For 2019/2020	

NAV Tax Collection (A-1)	
616,825	
593,473	
593,473	
Maximum Debt Service Collection	

NAV Tax Collection (A-2)	
601,991	
579,179	
579,179	
Maximum Debt Service Collection	

Total Revenues	
$	1,240,596	
$	1,173,652	
$	1,173,652		

EXPENDITURES					

Principal Payments - Series 2014A-1	
125,000	
125,000	
140,000	
Principal Payment Due In 2020	

Principal Payments - Series 2014A-2	
150,000	
150,000	
170,000	
Principal Payment Due In 2020	

Interest Payments - Series 2014A-1	
469,380	
466,099	
452,318	
Interest Payments Due In 2020	

Interest Payments - Series 2014A-2	
428,725	
424,319	
405,519	
Interest Payments Due In 2020	

Bond Redemption - Series 2014A-1	
0	
2,874	
1,655	
Estimated Excess Debt Collections	

Bond Redemption - Series 2014A-2	
0	
5,360	
4,160	
Estimated Excess Debt Collections	

Total Expenditures	
$	1,173,105	
$	1,173,652	
$	1,173,652		

Excess/ (Shortfall)	
$	67,491	
$	-	
$	-		

Series 2014-1 (Midtown) Bond Information	
Original Par Amount =	$8,390,000	Annual Principal Payments Due =	May 1st	
Interest Rate = Issue Date = Maturity Date =	5.25% - 5.90%
October 2014
May 2045	Annual Interest Payments Due =	May 1st & November 1st	
Par Amount As Of 1-1-19 =	$8,030,000			

Series 2014-2 (Midtown) Refunding Bond Information	
Original Par Amount =	$7,095,000	Annual Principal Payments Due =	May 1st	
Interest Rate = Issue Date = Maturity Date =	5.875% - 6.5%
October 2014
May 2039	Annual Interest Payments Due =	May 1st & November 1st	
Par Amount As Of 1-1-19 =	$6,665,000			

DETAILED PROPOSED DEBT SERVICE FUND (2014 - NORTH) BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2017/2018 ACTUAL	FISCAL YEAR 2018/2019 BUDGET	FISCAL YEAR 2019/2020 BUDGET	

COMMENTS	

Interest Income (A-1)	
4,202	
500	
500	
Projected Interest For 2019/2020	

Interest Income (A-2)	
2,376	
500	
500	
Projected Interest For 2019/2020	

NAV Tax Collection (A-1)	
338,960	
333,170	
333,170	
Maximum Debt Service Collection	

NAV Tax Collection (A-2)	
238,947	
234,864	
234,864	
Maximum Debt Service Collection	
		
0	
0		

Total Revenues	
$	584,485	
$	569,034	
$	569,034		

EXPENDITURES					

Principal Payments - Series 2014A-1	
75,000	
75,000	
80,000	
Principal Payment Due In 2020	

Principal Payments - Series 2014A-2	
85,000	
85,000	
95,000	
Principal Payment Due In 2020	

Interest Payments - Series 2014A-1	
258,250	
256,750	
250,400	
Interest Payments Due In 2020	

Interest Payments - Series 2014A-2	
148,800	
147,100	
139,900	
Interest Payments Due In 2020	

Bond Redemption - Series 2014A-1	
0	
1,920	
3,270	
Estimated Excess Debt Collections	

Bond Redemption - Series 2014A-2	
0	
3,264	
464	
Estimated Excess Debt Collections	

Total Expenditures	
$	567,050	
$	569,034	
$	569,034		

Excess/ (Shortfall)	
$	17,435	
$	-	
$	-		

Series 2014-1 (North) Bond Information	
Original Par Amount =	$5,450,000	Annual Principal Payments Due =	May 1st	
Interest Rate = Issue Date = Maturity Date =	4.00% - 5.00%
November 2014
May 2044	Annual Interest Payments Due =	May 1st & November 1st	
Par Amount As Of 1-1-19 =	$5,230,000			

Series 2014-2 (North) Refunding Bond Information	
Original Par Amount =	$3,295,000	Annual Principal Payments Due =	May 1st	
Interest Rate = Issue Date = Maturity Date =	4.00% - 5.00%
November 2014
May 2039	Annual Interest Payments Due =	May 1st & November 1st	
Par Amount As Of 1-1-19 =	$3,050,000			

DETAILED PROPOSED DEBT SERVICE FUND (2016) - SOUTH PARCEL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2017/2018 ACTUAL	FISCAL YEAR 2018/2019 BUDGET	FISCAL YEAR 2019/2020 BUDGET	

COMMENTS	

Interest Income (2016)	
30,010	
500	
500	
Projected Interest For 2019/2020	

Payment By Developer (2016)	
642,863	
0	
0		

Prepaid Bond Collection (2016)	
4,212,541	
0	
0		

NAV Tax Collection (2016)	
1,770,602	
1,475,698	
1,475,698	
Maximum Debt Service Collection	

Total Revenues	
$	6,656,016	
$	1,476,198	
$	1,476,198		

EXPENDITURES					

Principal Payments (2016)	
400,000	
410,000	
425,000	
Principal Payment Due In 2020	

Interest Payments (2016)	
1,235,925	
1,057,813	
1,043,200	
Interest Payments Due In 2020	

Transfer To Construction Fund	
7,683	
0	
0		

Bond Redemption	
4,370,000	
8,385	
7,998	
Estimated Excess Debt Collections	

Total Expenditures	
$	6,013,608	
$	1,476,198	
$	1,476,198		

Excess/ (Shortfall)	
$	642,408	
$	-	
$	-		

Series 2016 Bond Information
Original Par Amount =	$27,635,000	Annual Principal Payments Due =	May 1	
Interest Rate =	3.5% - 5.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	March 2016			
Maturity Date =
Par Amount As Of 1-1-19 =	May 2046
$22,400,000			

Note: Extraordinary Prepayment Of $4,210,000 Was Made On 2-1-18

Grand Bay At Doral Community Development District Assessment Comparison - Doral Breeze (Series 2012)

	Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
	Projected Debt	2016/2017	2017/2018	2018/2019	2019/2020	
	Assessment	Assessment	Assessment	Projected Assessment	Projected Assessment	
	 	Before Discount*	Before Discount*		 	Before Discount*		 	Before Discount*		 	Before Discount*		

Administrative For Condominiums	$	-	$	50.16	$	53.39	$	41.63	$	33.67	
Maintenance For Condominiums	$	-	$	56.54	$	53.29	$	64.14	$	72.07	
Debt For Condominiums	$	1,255.00    $	1,255.00	$	1,255.00	$	1,255.00	$	1,255.00	
Total For Condominiums	$	1,255.00    $	1,361.70	$	1,361.68	$	1,360.77	$	1,360.74	

Administrative For Townhomes	$	-	$	50.16	$	53.39	$	41.63	$	33.67	
Maintenance For Townhomes	$	-	$	56.54	$	53.29	$	64.14	$	72.07	
Debt For Townhomes	$	1,465.00    $	1,465.00	$	1,465.00	$	1,465.00	$	1,465.00	
Total For Townhomes	$	1,465.00    $	1,571.70	$	1,571.68	$	1,570.77	$	1,570.74	

Administrative For Single Family 40'	$	-	$	50.16	$	53.39	$	41.63	$	33.67	
Maintenance For Single Family 40'	$	-	$	56.54	$	53.29	$	64.14	$	72.07	
Debt For Single Family 40'	$	1,880.00    $	1,880.00	$	1,880.00	$	1,880.00	$	1,880.00	
Total For Single Family 40'	$	1,880.00    $	1,986.70	$	1,986.68	$	1,985.77	$	1,985.74	

Administrative For Single Family 50'	$	-	$	50.16	$	53.39	$	41.63	$	33.67	
Maintenance For Single Family 50'	$	-	$	56.54	$	53.29	$	64.14	$	72.07	
Debt For Single Family 50'	$	2,090.00    $	2,090.00	$	2,090.00	$	2,090.00	$	2,090.00	
Total For Single Family 50'	$	2,090.00    $	2,196.70	$	2,196.68	$	2,195.77	$	2,195.74	

* Assessments Include the Following :	                                                                                                                                        4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information:	
Condominiums	198	73.02 Acres	
Townhomes	83	21.88% Of District	
Single Family 40'	138		
Single Family 50'	122		
Total Doral Breeze Units	541		

Grand Bay At Doral Community Development District Assessment Comparison - Midtown (Series 2014)

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2016/2017	2017/2018	2018/2019	2019/2020	
Assessment	Assessment	Assessment	Assessment	Projected Assessment	
 	Before Discount*	 	Before Discount*	 	Before Discount*		 	Before Discount*	 	Before Discount*	

3 Bedroom Condo - Type 2		
Administrative Assessment	$	58.51	$	12.09	$	15.04	$	14.42	$	14.73	
Maintenance Assessment	$	-	$	46.37	$	134.21	$	134.77	$	134.41	
Debt Assessment A-1	$	1,245.50	$	1,212.77	$	1,212.77	$	1,212.77	$	1,212.77	
Debt Assessment A-2	$	400.33	$	384.04	$	384.04	$	384.04	$	384.04	
Total For 3 Bedroom Condo - Type 2	$	1,704.34	$	1,655.27	$	1,746.06	$	1,746.00	$	1,745.95	
2 Bedroom Condo - Type 2						
Administrative Assessment	$	58.51	$	12.09	$	15.04	$	14.42	$	14.73	
Maintenance Assessment	$	-	$	46.37	$	134.21	$	134.77	$	134.41	
Debt Assessment A-1	$	1,145.86	$	1,114.89	$	1,114.89	$	1,114.89	$	1,114.89	
Debt Assessment A-2	$	368.30	$	353.19	$	353.19	$	353.19	$	353.19	
Total For 2 Bedroom Condo - Type 2	$	1,572.67	$	1,526.54	$	1,617.33	$	1,617.27	$	1,617.22	
1 Bedroom Condo - Type 2						
Administrative Assessment	$	58.51	$	12.09	$	15.04	$	14.42	$	14.73	
Maintenance Assessment	$	-	$	46.37	$	134.21	$	134.77	$	134.41	
Debt Assessment A-1	$	996.40	$	970.21	$	970.21	$	970.21	$	970.21	
Debt Assessment A-2	$	320.26	$	307.45	$	307.45	$	307.45	$	307.45	
Total For 1 Bedroom Condo - Type 2	$	1,375.17	$	1,336.12	$	1,426.91	$	1,426.85	$	1,426.80	
3 Bedroom Condo - Type 1						
Administrative Assessment	$	58.51	$	12.09	$	15.04	$	14.42	$	14.73	
Maintenance Assessment	$	-	$	46.37	$	134.21	$	134.77	$	134.41	
Debt Assessment A-1	$	1,145.86	$	1,114.89	$	1,114.89	$	1,114.89	$	1,114.89	
Debt Assessment A-2	$	368.30	$	353.19	$	353.19	$	353.19	$	353.19	
Total For 3 Bedroom Condo - Type 1	$	1,572.67	$	1,526.54	$	1,617.33	$	1,617.27	$	1,617.22	
2 Bedroom Condo - Type 1						
Administrative Assessment	$	58.51	$	12.09	$	15.04	$	14.42	$	14.73	
Maintenance Assessment	$	-	$	46.37	$	134.21	$	134.77	$	134.41	
Debt Assessment A-1	$	996.40	$	970.21	$	970.21	$	970.21	$	970.21	
Debt Assessment A-2	$	320.26	$	307.45	$	307.45	$	307.45	$	307.45	
Total For 2 Bedroom Condo - Type 1	$	1,375.17	$	1,336.12	$	1,426.91	$	1,426.85	$	1,426.80	
1 Bedroom Condo - Type 1						
Administrative Assessment	$	58.51	$	12.09	$	15.04	$	14.42	$	14.73	
Maintenance Assessment	$	-	$	46.37	$	134.21	$	134.77	$	134.41	
Debt Assessment A-1	$	896.75	$	872.34	$	872.34	$	872.34	$	872.34	
Debt Assessment A-2	$	288.24	$	276.60	$	276.60	$	276.60	$	276.60	
Total For 1 Bedroom Condo - Type 1	$	1,243.50	$	1,207.40	$	1,298.19	$	1,298.13	$	1,298.08	
Non-Residential (Based On Square Footage)						
Administrative Assessment	$	0.06	$	0.01	$	0.01	$	0.01	$	0.01	
Maintenance Assessment	$	-	$	0.05	$	0.15	$	0.15	$	0.15	
Debt Assessment A-1	$	1.07	$	1.040	$	1.040	$	1.040	$	1.040	
Debt Assessment A-2	$	0.34	$	0.330	$	0.330	$	0.330	$	0.330	
Total For Non-Residential	$	1.47	$	1.430	$	1.530	$	1.530	$	1.530	
* Assessments Include the Following :							
4% Discount for Early Payments						
1% County Tax Collector Fee		O&M Covenant = 55.00				
1% County Property Appraiser Fee		55.00/.94 = 58.51				

Community Information:	

Total Midtown Units
3 Bedroom Condo - Type 2	Total Midtown Units (A2) (Refunding Bonds)
252	Phase One Units (A1) (Phase One Project Bonds)
84	

       Grand Bay Midtown - Commercial Square Footage (With Percentages)	
2 Bedroom Condo - Type 2	546	182	Building 1	9,818	14.33%	
1 Bedroom Condo - Type 2	120	40	Building 2	23,838	34.80%	
3 Bedroom Condo - Type 1	126	28	Building 3	23,838	34.80%	
2 Bedroom Condo - Type 1	227	84	Building 4	11,006	16.07%	
1 Bedroom Condo - Type 1	276	119	Total	68,500	100.00%	
Total Residential Units	1547	537				
Non-Residential

For Administrative & Maintenance	300,000
Square Feet	68,500
Square Feet				
Assessments Purposes-
Non-Residential counts as approximately 300 units.		29.36 Acres 8.8% Of District				

Phase 1 Grand Bay Midtown Residential
Type	Building 1	 	Building 2	 	Building 3		 	Building 4	 	Total	
3 BR - Type 2	14	35	35	0	84	
2 BR - Type 2	28	56	56	42	182	
1 BR - Type 2	0	20	20	0	40	
3 BR - Type 1	14	7	7	0	28	
2 BR - Type 1	7	35	35	7	84	
1 BR - Type 1	35	 	0	 	0		 	84	 	119	
Total	98	153	153	133	537

XII

Grand Bay At Doral Community Development District Assessment Comparison - Grand Bay North Parcel (Series 2014)

	Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
	Projected Debt	2016/2017	2017/2018	2018/2019	2019/2020	
	Assessment	Assessment	Assessment	Assessment	Projected Assessment	
	 	Before Discount*		 	Before Discount*		 	Before Discount*		 	Before Discount*		       Before Discount*		
Single Family 40' Unit						
Administrative Assessment	$	114.89	$	75.76	$	74.14	$	54.51	$	35.52	
Maintenance Assessment	$	-	$	38.63	$	40.22	$	59.05	$	77.99	
Debt Assessment A-1	$	1,237.24	$	1,237.24	$	1,237.24	$	1,237.24	$	1,237.24	
Debt Assessment A-2	$	872.34	$	872.34	$	872.34	$	872.34	$	872.34	
Total For Single Family 40' Unit	$	2,224.47	$	2,223.97	$	2,223.94	$	2,223.14	$	2,223.09	
Townhome Unit						
Administrative Assessment	$	114.89	$	75.76	$	74.14	$	54.51	$	35.52	
Maintenance Assessment	$	-	$	38.63	$	40.22	$	59.05	$	77.99	
Debt Assessment A-1	$	1,008.51	$	1,008.51	$	1,008.51	$	1,008.51	$	1,008.51	
Debt Assessment A-2	$	710.64	$	710.64	$	710.64	$	710.64	$	710.64	
Total For Townhome Unit	$	1,834.04	$	1,833.54	$	1,833.51	$	1,832.71	$	1,832.66	
Condo Unit (3-Story)						
Administrative Assessment	$	114.89	$	75.76	$	74.14	$	54.51	$	35.52	
Maintenance Assessment	$	-	$	38.63	$	40.22	$	59.05	$	77.99	
Debt Assessment A-1	$	917.02	$	917.02	$	917.02	$	917.02	$	917.02	
Debt Assessment A-2	$	646.81	$	646.81	$	646.81	$	646.81	$	646.81	
Total For Condo Unit (3-Story)	$	1,678.72	$	1,678.22	$	1,678.19	$	1,677.39	$	1,677.34	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee	O&M Covenant = 108.00
1% County Property Appraiser Fee	108.00/.94 = 114.89

Community  Information:	                         Total North Units		72.04 Acres
A-1: Project Bonds	21.33% Of District
A-2: Refunding Bonds
Single Family 40' Unit	64	North Parcel Acreage
Townhome Unit	172	72.04 Acres
Condo Unit (3-Story)	111	21.59% Of District
Total Residential Units	347

XIII

Grand Bay At Doral Community Development District - Grand Bay South Parcel Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected Debt	2016/2017	2017/2018	2018/2019	2019/2020	
Assessment	Assessment	Assessment	Assessment	Projected Assessment	
 	Before Discount*		 	Before Discount*		 	Before Discount*		        Before Discount*		 	Before Discount*		

Administrative For Single Family 40' Units	$	-	$	39.94	$	39.59	$	34.43	$	36.73	
Maintenance For Single Family 40' Units	$	-	$	74.71	$	75.04	$	80.02	$	77.69	
Debt For Single Family 40' Units	$	-	$	2,133.00	$	2,133.00	$	2,133.00	$	2,133.00	
Total For Single Family 40' Units	$	2,133.00	$	2,247.65	$	2,247.63	$	2,247.45	$	2,247.42	

Administrative For Townhome 22' Units	$	-	$	39.94	$	39.59	$	34.43	$	36.73	
Maintenance For Townhome 22' Units	$	-	$	74.71	$	75.04	$	80.02	$	77.69	
Debt For Townhome 22' Units	$	-	$	1,843.00	$	1,843.00	$	1,843.00	$	1,843.00	
Total For Townhome 22' Units	$	1,843.00	$	1,957.65	$	1,957.63	$	1,957.45	$	1,957.42	

Administrative For 2 Story Condo/Flat Units	$	-	$	39.94	$	39.59	$	34.43	$	36.73	
Maintenance For 2 Story Condo/Flat Units	$	-	$	74.71	$	75.04	$	80.02	$	77.69	
Debt For 2 Story Condo/Flat Units	$	-	$	1,738.00	$	1,738.00	$	1,738.00	$	1,738.00	
Total For 2 Story Condo/Flat Units	$	1,738.00	$	1,852.65	$	1,852.63	$	1,852.45	$	1,852.42	

Administrative For 3 Story Condo/Flat Units	$	-	$	39.94	$	39.59	$	34.43	$	36.73	
Maintenance For 3 Story Condo/Flat Units	$	-	$	74.71	$	75.04	$	80.02	$	77.69	
Debt For 3 Story Condo/Flat Units	$	-	$	1,580.00	$	1,580.00	$	1,580.00	$	1,580.00	
Total For 3 Story Condo/Flat Units	$	1,580.00	$	1,694.65	$	1,694.63	$	1,694.45	$	1,694.42	

Administrative For Apartment Unit	$	-	$	39.94	$	39.59	$	34.43	$	36.73	
Maintenance For Apartment Unit	$	-	$	74.71	$	75.04	$	80.02	$	77.69	
Debt For Apartment Unit	$	-	$	- 	$	- 	$	- 	$	- 	
Total For Apartment Unit	$	-	$	114.65	$	114.63	$	114.45	$	114.42	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee	O&M Covenant = 108.00
1% County Property Appraiser Fee	108.00/.94 = 114.89

Community Information:		 Total South Units	Bond Prepayments
Single Family 40' Unit (Pod VI)	77	0		
Townhome 22' Unit (Pod III)	228	0	South Parcel Acreage	
2 Story Condo/Flat Unit (Pod IV)	387	0	159.28 Acres	
3 Story Condo/Flat Unit (Pods II & V)	384	186	47.73% Of District	
Apartment Unit (Pod 1)	440	0		
Total Residential Units
Assessable Units For Debt	1516	186		
Total Units	1516			
Less Apartment Unit (Developer Contributed				
Cost Of Improvements In Lieu Of Cap Assessment)	440	
Note: 3 Story Flat Units That Are Assessed For Debt: 198		
Total Original Assessable Units For Debt	1076			
Less Prepayments - 186 Pod V 3 Story Condos	186			
Total Current Assessable Units For Debt	890