Title: GB Amended Final Budget 2021-2022.xlsx
Author: JWalker

AMENDED FINAL BUDGET

AMENDED FINAL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT

Grand Bay At Doral Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DORAL BREEZE OPERATING FUND BUDGET

AMENDED FINAL MIDTOWN OPERATING FUND BUDGET

AMENDED FINAL NORTH OPERATING FUND BUDGET

AMENDED FINAL SOUTH OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2012/2022 - DORAL BREEZE)

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2014 - MIDTOWN)

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2014 - NORTH)

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2007 - SOUTH)

GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND - ALL UNITS
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES

FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22

AMENDED FINAL BUDGET
10/1/21 - 9/30/22

YEAR TO DATE ACTUAL
10/1/21 - 9/29/22

Administrative Assessments | 125,014 | 130,486 | 130,486
Maintenance Assessments | 370,745 | 366,573 | 366,573
Direct Bill O&M Assessments | 0 | 19,692 | 19,692
Debt Assessments - A Bonds | 2,454,396 | 2,391,533 | 2,391,533
Debt Assessments - A-1 Bonds | 985,790 | 987,172 | 987,172
Debt Assessments - A-2 Bonds | 866,004 | 867,353 | 867,353
Other Revenues | 0 | 31 | 31
Interest Income | 1,000 | 122 | 122
TOTAL REVENUES | $	4,802,949 | $	4,762,962 | $	4,762,962
EXPENDITURES | | |
ADMINISTRATIVE EXPENDITURES | | |
Management | 35,566 | 35,566 | 35,566
Supervisor Fees | 3,000 | 0 | 0
Payroll Taxes | 232 | 0 | 0
Field Operations | 7,320 | 7,320 | 7,320
Legal | 21,500 | 18,583 | 18,583
Assessment Roll | 10,000 | 10,000 | 10,000
Audit Fees | 8,000 | 7,000 | 7,000
Arbitrage Rebate Fee | 3,000 | 3,000 | 3,000
Insurance - GL & Public Officials Liability Insurance | 8,000 | 7,808 | 7,808
Insurance - Property Coverage | 6,800 | 0 | 0
Legal Advertisements | 1,500 | 1,041 | 641
Miscellaneous | 3,000 | 1,767 | 667
Postage | 800 | 224 | 224
Office Supplies | 1,500 | 993 | 993
Dues & Subscriptions | 175 | 175 | 175
Trustee Fees | 21,500 | 27,000 | 27,000
Continuing Disclosure Fee | 3,000 | 2,000 | 2,000
Website Management | 2,000 | 2,002 | 2,002
Property Taxes | 1,000 | 0 | 0
Administrative Contingency | 2,400 | 1,100 | 0
TOTAL ADMINISTRATIVE EXPENDITURES | $	140,293 | $	125,579 | $	122,979
MAINTENANCE EXPENDITURES | | |
Preserve Area Maintenance/Upkeep | 85,000 | 96,006 | 82,006
Miscellaneous Maintenance | 50,000 | 10,612 | 612
Lawn/Landscape Service - Median/Right Of Way MTE | 12,000 | 3,580 | 3,580
Mulch/Fertilizer/Pesticide | 1,900 | 0 | 0
Lift Station/Sewer Line MTE (Adagio) | 8,000 | 5,671 | 5,671
Lift Station/Sewer Line MTE (Midtown) | 30,000 | 15,372 | 5,372
Irrigation Systems Maintenance & Power | 7,200 | 1,354 | 1,354
Security | 0 | 0 | 0
Tree/Shrubbery Replacement | 2,000 | 0 | 0
Annual Engineer's Report & Misc Engineering | 8,000 | 7,206 | 7,206
Lake Tract MTE & Fountain MTE - DB & MT | 20,000 | 21,064 | 21,064
Roadway/Signage/Drainage | 5,900 | 14,174 | 14,174
Midtown Plaza Upkeep/Janitorial | 0 | 0 | 0
Midtown Plaza Maintenance Reimbursement | 105,000 | 105,000 | 95,723
FPL Easement Maintenance/Upkeep | 6,250 | 0 | 0
FPL Power Sanitary Sewer Lift Stations | 7,250 | 0 | 150
TOTAL MAINTENANCE EXPENDITURES | $	348,500 | $	280,039 | $	236,912
TOTAL EXPENDITURES | $	488,793 | $	405,618 | $	359,891
REVENUES LESS EXPENDITURES | $	4,314,156 | $	4,357,344 | $	4,403,071
Bond Payments (A) | (2,307,133) | (2,284,424) | (2,284,424)
Bond Payments (A-1) | (926,643) | (926,966) | (926,966)
Bond Payments (A-2) | (814,043) | (845,107) | (845,107)
BALANCE | $	266,337 | $	300,847 | $	346,574
County Appraiser & Tax Collector Fee | (96,039) | (45,701) | (45,701)
-1 | (192,078) | (165,745) | (165,745)
Excess/ (Shortfall) | $	(21,780) | $	89,401 | $	135,128
Carryover From Prior Year | 21,780 | 0 | 0
Net Excess/ (Shortfall) | $	- | $	89,401 | $	135,128

11/9/2022 11:37 AM	^I

GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND - DORAL BREEZE
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES

FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22

AMENDED FINAL BUDGET
10/1/21 - 9/30/22

YEAR TO DATE ACTUAL
10/1/21 - 9/29/22

Administrative Assessments | 21,435 | 23,321 | 23,321
Maintenance Assessments | 35,745 | 35,747 | 35,747
Debt Assessments - 2012 Bonds | 884,505 | 884,510 | 884,510
Other Revenues | 0 | 31 | 31
Interest Income | 219 | 122 | 122
TOTAL REVENUES | $	941,904 | $	943,731 | $	943,731
EXPENDITURES | | |
Maintenance Expenditures | | |
Preserve Area Maintenance/Upkeep | 13,000 | 21,354 | 18,854
Miscellaneous Maintenance | 1,600 | 3,095 | 595
Lake Tract MTE & Fountain MTE | 11,000 | 21,064 | 21,064
Roadway/Signage/Drainage | 400 | 14,174 | 14,174
Lawn/Landscape Service - Median Maintenance/Right Of Way | 1,000 | 0 | 0
Mulch/Fertilizer/Pesticide | 300 | 0 | 0
FPL Easement Maintenance Upkeep | 1,000 | 0 | 0
FPL Power Lake Fountains | 0 | 0 | 0
Irrigation Systems MTE & Power | 4,000 | 1,354 | 1,354
Irrigation Repairs | 0 | 0 | 0
Tree/Shrubbery Replacement | 500 | 0 | 0
Annual Engineer's Report & Miscellaneous Engineering | 800 | 1,275 | 1,275
Total Maintenance Expenditures | 33,600 | 62,316 | 57,316
Administrative Expenditures | | |
Management | 7,782 | 7,782 | 7,782
Supervisor Fees | 750 | 0 | 0
Payroll Taxes | 58 | 0 | 0
Field Operations | 1,050 | 1,050 | 1,050
Legal | 4,704 | 4,066 | 4,066
Assessment Roll | 2,188 | 2,188 | 2,188
Audit Fees | 1,750 | 1,530 | 1,530
Arbitrage Rebate Fee | 500 | 500 | 500
Insurance - GL & Public Officials Liability Insurance | 1,750 | 1,708 | 1,708
Insurance - Property Coverage | 300 | 0 | 0
Legal Advertisements | 329 | 140 | 140
Miscellaneous | 656 | 248 | 248
Postage | 134 | 49 | 49
Office Supplies | 328 | 217 | 217
Dues & Subscriptions | 38 | 38 | 38
Trustee Fees | 4,000 | 9,500 | 9,500
Continuing Disclosure Fee | 500 | 500 | 500
Website Management | 437 | 437 | 437
Property Taxes | 219 | 0 | 0
Administrative Contingency | 525 | 0 | 0
Total Administrative Expenditures | 27,998 | 29,953 | 29,953
TOTAL EXPENDITURES | $	61,598 | $	92,269 | $	87,269
REVENUES LESS EXPENDITURES | $	880,306 | $	851,462 | $	856,462
Bond Payments (2012) | (831,435) | (845,260) | (845,260)
BALANCE | $	48,871 | $	6,202 | $	11,202
County Appraiser & Tax Collector Fee | (18,834) | (9,109) | (9,109)
Discounts For Early Payments | (37,667) | (32,697) | (32,697)
EXCESS/ (SHORTFALL) | $	(7,630) | $	(35,604) | $	(30,604)
Carryover From Prior Year | 7,630 | 0 | 0
NET EXCESS/ (SHORTFALL) | $	- | $	(35,604) | $	(30,604)

GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND - MIDTOWN
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES

FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22

AMENDED FINAL BUDGET
10/1/21 - 9/30/22

YEAR TO DATE ACTUAL
10/1/21 - 9/29/22

Administrative Assessments | 27,460 | 29,955 | 29,955
Maintenance Assessments | 201,064 | 201,503 | 201,503
Direct Bill O&M Assessments | 0 | 0 | 0
Debt Assessments - 2014A-1 Bonds | 631,354 | 632,733 | 632,733
Debt Assessments - 2014A-2 Bonds | 616,148 | 617,496 | 617,496
Developer Contribution | 0 | 0 | 0
Other Revenues | 0 | 0 | 0
Interest Income | 89 | 0 | 0
TOTAL REVENUES | $	1,476,115 | $	1,481,687 | $	1,481,687
EXPENDITURES | | |
Maintenance Expenditures | | |
Preserve Area Maintenance/Upkeep | 13,000 | 11,702 | 9,202
Miscellaneous Maintenance | 20,000 | 2,500 | 0
Lawn/Landscape Service - Median/Right Of Way MTE | 0 | 0 | 0
Mulch/Fertilizer/Pesticide | 0 | 0 | 0
Lift Station/Sanitary Sewer Line MTE (Midtown) | 30,000 | 15,372 | 5,372
Irrigation Systems MTE & Power | 2,000 | 0 | 0
Security | 0 | 0 | 0
Tree/Shrubbery Replacement | 0 | 0 | 0
Roadways/Signage/Drainage | 1,000 | 0 | 0
Midtown Plaza Upkeep/Janitorial | 0 | 0 | 0
Midtown Plaza Maintenance Reimbursement | 105,000 | 105,000 | 95,723
FPL Easement Maintenance/Upkeep | 2,500 | 0 | 0
FPL Power Sanitary Sewer Lift Stations | 4,500 | 0 | 0
Lake Tract MTE & Fountain MTE | 9,000 | 0 | 0
Annual Engineer's Report & Miscellaneous Engineering | 2,000 | 513 | 513
Total Maintenance Expenditures | 189,000 | 135,087 | 110,810
Administrative Expenditures | | |
Management | 3,220 | 3,220 | 3,220
Supervisor Fees | 750 | 0 | 0
Payroll Taxes | 58 | 0 | 0
Field Operations | 3,000 | 3,000 | 3,000
Legal | 1,892 | 1,635 | 1,635
Assessment Roll | 880 | 880 | 880
Audit Fees | 704 | 615 | 615
Arbitrage Rebate Fee | 1,000 | 1,000 | 1,000
Insurance - GL & Public Officials Liability Insurance | 704 | 687 | 687
Insurance - Property Coverage | 4,500 | 0 | 0
Legal Advertisements | 132 | 56 | 56
Miscellaneous | 264 | 47 | 47
Postage | 176 | 21 | 21
Office Supplies | 132 | 87 | 87
Dues & Subscriptions | 15 | 15 | 15
Trustee Fees | 7,000 | 7,000 | 7,000
Continuing Disclosure Fee | 1,000 | 500 | 500
Website Management | 176 | 178 | 178
Property Taxes | 88 | 0 | 0
Administrative Contingency | 210 | 0 | 0
Total Administrative Expenditures | 25,901 | 18,941 | 18,941
TOTAL EXPENDITURES | $	214,901 | $	154,028 | $	129,751
REVENUES LESS EXPENDITURES | $	1,261,214 | $	1,327,659 | $	1,351,936
Bond Payments - Series 2014A-1 | (593,473) | (588,490) | (588,490)
Bond Payments - Series 2014A-2 | (579,179) | (606,502) | (606,502)
BALANCE | $	88,562 | $	132,667 | $	156,944
County Appraiser & Tax Collector Fee | (29,521) | (14,305) | (14,305)
Discounts For Early Payments | (59,041) | (51,074) | (51,074)
EXCESS/ (SHORTFALL) | $	- | $	67,288 | $	91,565
Carryover From Prior Year | 0 | 0 | 0
NET EXCESS/ (SHORTFALL) | $	- | $	67,288 | $	91,565

GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT
OPERATING FUND - NORTH FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES

FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22

AMENDED FINAL BUDGET
10/1/21 - 9/30/22

YEAR TO DATE ACTUAL
10/1/21 - 9/29/22

Administrative Assessments | 15,222 | 15,992 | 15,992
Maintenance Assessments | 24,096 | 24,071 | 24,071
Debt Assessments - 2014A-1 Bonds | 354,436 | 354,439 | 354,439
Debt Assessments - 2014A-2 Bonds | 249,856 | 249,857 | 249,857
Developer Contribution - Debt | 0 | 0 | 0
Other Revenues | 0 | 0 | 0
Interest Income | 215 | 0 | 0
TOTAL REVENUES | $	643,825 | $	644,359 | $	644,359
EXPENDITURES | | |
Maintenance Expenditures | | |
Preserve Area Maintenance/Upkeep | 13,000 | 19,485 | 16,985
Miscellaneous Maintenance | 1,600 | 1,600 | 0
Lawn/Landscape Service - Median - Right Of Way Maintenance | 1,000 | 3,580 | 3,580
Mulch/Fertilizer/Pesticide | 400 | 0 | 0
Lift Station/Sewer Line MTE (Adagio) | 2,000 | 5,086 | 5,086
Irrigation Systems MTE & Power | 300 | 0 | 0
Lake Tract & Fountains MTE | 0 | 0 | 0
Tree/Shrubbery Replacement | 250 | 0 | 0
Roadways/Signage/Drainage | 500 | 0 | 0
FPL Easement Maintenance/Upkeep | 1,000 | 0 | 0
FPL Power Sanitary Sewer Lift Stations | 1,000 | 150 | 150
Annual Engineer's Report & Miscellaneous Engineering | 1,600 | 2,478 | 2,478
Total Maintenance Expenditures | 22,650 | 32,379 | 28,279
Administrative Expenditures | | |
Management | 4,688 | 4,688 | 4,688
Supervisor Fees | 750 | 0 | 0
Payroll Taxes | 58 | 0 | 0
Field Operations | 1,037 | 1,037 | 1,037
Legal | 4,642 | 4,012 | 4,012
Assessment Roll | 2,160 | 2,159 | 2,159
Audit Fees | 1,727 | 1,510 | 1,510
Arbitrage Rebate Fee | 1,000 | 1,000 | 1,000
Insurance - GL & Public Officials Liability Insurance | 1,727 | 1,686 | 1,686
Insurance - Property Coverage | 750 | 0 | 0
Legal Advertisements | 325 | 139 | 139
Miscellaneous | 648 | 116 | 116
Postage | 132 | 48 | 48
Office Supplies | 324 | 215 | 215
Dues & Subscriptions | 38 | 38 | 38
Trustee Fees | 7,000 | 7,000 | 7,000
Continuing Disclosure Fee | 500 | 500 | 500
Website Management | 432 | 431 | 431
Property Taxes | 216 | 0 | 0
Administrative Contingency | 520 | 0 | 0
Total Administrative Expenditures | 28,674 | 24,579 | 24,579
TOTAL EXPENDITURES | $	51,324 | $	56,958 | $	52,858
REVENUES LESS EXPENDITURES | $	592,501 | $	587,401 | $	591,501
Bond Payments - Series 2014A-1 | (333,170) | (338,476) | (338,476)
Bond Payments - Series 2014A-2 | (234,864) | (238,605) | (238,605)
BALANCE | $	24,467 | $	10,320 | $	14,420
County Appraiser & Tax Collector Fee | (12,872) | (6,212) | (6,215)
Discounts For Early Payments | (25,745) | (22,778) | (22,778)
EXCESS/ (SHORTFALL) | $	(14,150) | $	(18,670) | $	(14,573)
Carryover From Prior Year | 14,150 | 0 | 0
NET EXCESS/ (SHORTFALL) | $	- | $	(18,670) | $	(14,573)

GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT
OPERATING FUND - SOUTH FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES

FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22

AMENDED FINAL BUDGET
10/1/21 - 9/30/22

YEAR TO DATE ACTUAL
10/1/21 - 9/29/22

Administrative Assessments | 60,897 | 61,218 | 61,218
Maintenance Assessments | 109,840 | 105,252 | 105,252
Direct Bill O&M Assessments | 0 | 19,692 | 19,692
Debt Assessments | 1,569,891 | 1,507,023 | 1,507,023
Other Revenues | 0 | 0 | 0
Interest Income | 477 | 0 | 0
TOTAL REVENUES | $	1,741,105 | $	1,693,185 | $	1,693,185
EXPENDITURES | | |
Maintenance Expenditures | | |
Preserve Area Maintenance/Upkeep | 46,000 | 39,465 | 36,965
Miscellaneous Maintenance | 26,800 | 3,417 | 17
Lawn/Landscape Service - Median - Right Of Way Maintenance | 10,000 | 0 | 0
Mulch/Fertilizer/Pesticide | 1,200 | 0 | 0
Lift Station/Sewer Line MTE (Adagio) | 6,000 | 585 | 585
Irrigation Systems MTE & Power | 0 | 0 | 0
Lake Tract & Fountain MTE | 900 | 0 | 0
Tree/Shrubbery Replacement | 1,250 | 0 | 0
Roadways/Signage/Drainage | 4,000 | 0 | 0
FPL Easement Maintenance/Upkeep | 1,750 | 0 | 0
FPL Power Sanitary Sewer Lift Stations | 1,750 | 0 | 0
Annual Engineer's Report & Miscellaneous Engineering | 3,600 | 2,940 | 2,940
Total Maintenance Expenditures | 103,250 | 46,407 | 40,507
Administrative Expenditures | | |
Management | 19,876 | 19,876 | 19,876
Supervisor Fees | 750 | 0 | 0
Payroll Taxes | 58 | 0 | 0
Field Operations | 2,233 | 2,233 | 2,233
Legal | 10,262 | 8,870 | 8,870
Assessment Roll | 4,772 | 4,773 | 4,773
Audit Fees | 3,819 | 3,345 | 3,345
Arbitrage Rebate Fee | 500 | 500 | 500
Insurance - GL & Public Officials Liability Insurance | 3,819 | 3,727 | 3,727
Insurance - Property Coverage | 1,250 | 0 | 0
Legal Advertisements | 714 | 706 | 306
Miscellaneous | 1,432 | 1,356 | 256
Postage | 358 | 106 | 106
Office Supplies | 716 | 474 | 474
Dues & Subscriptions | 84 | 84 | 84
Trustee Fees | 3,500 | 3,500 | 3,500
Continuing Disclosure Fee | 1,000 | 500 | 500
Website Management | 955 | 956 | 956
Property Taxes | 477 | 0 | 0
Administrative Contingency | 1,145 | 1,100 | 0
Total Administrative Expenditures | 57,720 | 52,106 | 49,506
TOTAL EXPENDITURES | $	160,970 | $	98,513 | $	90,013
REVENUES LESS EXPENDITURES | $	1,580,135 | $	1,594,672 | $	1,603,172
Bond Payments - Series 2016 | (1,475,698) | (1,439,164) | (1,439,164)
BALANCE | $	104,437 | $	155,508 | $	594,008
County Appraiser & Tax Collector Fee | (34,812) | (16,072) | (16,072)
Discounts For Early Payments | (69,625) | (59,196) | (59,196)
EXCESS/ (SHORTFALL) | $	- | $	80,240 | $	518,740
Carryover From Prior Year | 0 | 0 | 0
NET EXCESS/ (SHORTFALL) | $	- | $	80,240 | $	518,740

GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2012-2022 - DORAL BREEZE) FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES

FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22

AMENDED FINAL BUDGET
10/1/21 - 9/30/22

YEAR TO DATE ACTUAL
10/1/21 - 9/29/22

Interest Income | 25 | 2,999 | 2,999
NAV Tax Collection | 831,435 | 845,260 | 845,260
Bond Proceeds (2022) | 0 | 9,206,000 | 9,206,000
Total Revenues | $	831,460 | $	10,054,259 | $	10,054,259
EXPENDITURES | | |
Principal Payments (2012) | 255,000 | 245,000 | 245,000
Principal Payments (2022) | 0 | 0 | 0
Interest Payments (2012) | 567,194 | 571,072 | 571,072
Interest Payments (2022) | 0 | 0 | 0
Cost Of Issuance (2022) | 0 | 263,800 | 263,800
Bond Redemption | 9,266 | 0 | 0
Total Expenditures | $	831,460 | $	1,079,872 | $	1,079,872
Excess/ (Shortfall) | $	- | $	8,974,387 | $	8,974,387

FUND BALANCE AS OF 9/30/21
FY 2021/2022 ACTIVITY
FUND BALANCE AS OF 9/30/22

$1,083,021
$8,974,387
$10,057,408

Notes
Interest Account (2022) Balance = $89,122*. Escrow Account Balance = $9,966,986*. Revenue Account (2012) Balance = $1,300.
Interest Account (2022) Balance To Be Used To Fund 11-1-22 Interest (2022) Payment Of $88,991. Escrow Account Used To Fund 11-1-22 Principal & Interest (2022) Payment Of $9,966,986 (Principal: $9,740,000 + Interest: $226,986 = $9,966,985).
* Approximate Amounts

	Series 2012 (Doral Breeze) Bond Information	
Original Par Amount = | $11,625,000 | Annual Principal Payments Due:
Interest Rate = | 5.125% - 6.00% | November 1st
Issue Date = | October 2012 | Annual Interest Payments Due:
Maturity Date = | November 2042 | May 1st & November 1st
Par Amount As Of 9/30/22 = | $9,740,000 | Balance To Be Paid Off On 11/1/22

Series 2022 (Doral Breeze) Bond Refunding Information
Original Par Amount = | $9,206,000 | Annual Principal Payments Due:
Interest Rate = | 4.00% | November 1st
Issue Date = | August 2022 | Annual Interest Payments Due:

Maturity Date =

Par Amount As Of 9/30/22 =

November 2042

$9,206,000

May 1st & November 1st

DEBT SERVICE FUND (SERIES 2014 - MIDTOWN) FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES

FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22

AMENDED FINAL BUDGET
10/1/21 - 9/30/22

YEAR TO DATE ACTUAL
10/1/21 - 9/29/22

Interest Income (2014A-1) | 25 | 2,595 | 2,595
Interest Income (2014A-2) | 25 | 2,510 | 2,510
NAV Tax Collection (2014-1) | 593,473 | 604,778 | 604,778
NAV Tax Collection (2014-2) | 579,179 | 590,215 | 590,215
Total Revenues | $	1,172,702 | $	1,200,098 | $	1,200,098
EXPENDITURES | | |
Principal Payments (2014A-1) | 155,000 | 155,000 | 155,000
Principal Payments (2014A-2) | 190,000 | 190,000 | 190,000
Interest Payments (2014A-1) | 436,961 | 441,030 | 441,030
Interest Payments (2014A-2) | 384,369 | 389,950 | 389,950
Bond Redemption - Series 2014A-1 | 1,537 | 0 | 0
Bond Redemption - Series 2014A-2 | 4,835 | 0 | 0
Total Expenditures | $	1,172,702 | $	1,175,980 | $	1,175,980
Excess/ (Shortfall) | $	- | $	24,118 | $	24,118

FUND BALANCE AS OF 9/30/21
FY 2021/2022 ACTIVITY
FUND BALANCE AS OF 9/30/22

$1,956,692
$24,118
$1,980,810

Notes
Reserve (A-1) Fund Balance = $595,196*. Reserve (A-2) Fund Balance = $580,360* Revenue (A-1) Fund Balance = $392,400*. Revenue (A-2) Fund Balance = $412,854* Revenue (A-1) Fund Balance To Be Used To Make 11-1-22 Interest Payment Of $216,446. Revenue (A-2) Fund Balance To Be Used To Make 11-1-22 Interest Payment Of $189,394.
* 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 9/30/22 = | $7,460,000 |
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 9/30/22 = | $5,965,000 |

DEBT SERVICE FUND (SERIES 2014 - NORTH) FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES

FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22

AMENDED FINAL BUDGET
10/1/21 - 9/30/22

YEAR TO DATE ACTUAL
10/1/21 - 9/29/22

Interest Income (2014A-1) | 25 | 854 | 854
Interest Income (2014A-2) | 25 | 479 | 479
NAV Tax Collection (2014-1) | 333,170 | 338,476 | 338,476
NAV Tax Collection (2014-2) | 234,864 | 238,605 | 238,605
Total Revenues | $	568,084 | $	578,414 | $	578,414
EXPENDITURES | | |
Principal Payments (2014A-1) | 90,000 | 90,000 | 90,000
Principal Payments (2014A-2) | 100,000 | 100,000 | 100,000
Interest Payments (2014A-1) | 242,650 | 245,450 | 245,450
Interest Payments (2014A-2) | 132,200 | 134,200 | 134,200
Bond Redemption - Series 2014A-1 | 545 | 0 | 0
Bond Redemption - Series 2014A-2 | 2,689 | 0 | 0
Total Expenditures | $	568,084 | $	569,650 | $	569,650
Excess/ (Shortfall) | $	- | $	8,764 | $	8,764

FUND BALANCE AS OF 9/30/21
FY 2021/2022 ACTIVITY
FUND BALANCE AS OF 9/30/22

$496,323
$8,764
$505,087

Notes
Reserve (2014A-1) Fund Balance = $141,919*. Reserve (2014A-2) Fund Balance = $58,873* Revenue (2014A-1) Fund Balance = $183,203*. Revenue (2014A-2) Fund Balance = $121,092* Revenue (2014A-1) Fund Balance To Be Used To Make 11-1-22 Interest Payment Of $120,925. Revenue (2014A-2) Fund Balance To Be Used To Make 11-1-22 Interest Payment Of $65,100.
* 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 9/30/22 = | $4,895,000 |
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 9/30/22 = | $2,670,000 |

DEBT SERVICE FUND (SERIES 2016 - SOUTH) FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES

FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22

AMENDED FINAL BUDGET
10/1/21 - 9/30/22

YEAR TO DATE ACTUAL
10/1/21 - 9/29/22

Interest Income | 25 | 4,104 | 4,104
Miscellaneous Income | 0 | 0 | 0
NAV Tax Collection | 1,475,698 | 1,437,530 | 1,437,530
Total Revenues | $	1,475,723 | $	1,441,634 | $	1,441,634
EXPENDITURES | | |
Principal Payments | 455,000 | 455,000 | 455,000
Interest Payments | 1,010,869 | 1,020,038 | 1,020,038
Bond Redemption | 9,854 | 0 | 0
Total Expenditures | $	1,475,723 | $	1,475,038 | $	1,475,038
Excess/ (Shortfall) | $	- | $	(33,404) | $	(33,404)

FUND BALANCE AS OF 9/30/21
FY 2021/2022 ACTIVITY
FUND BALANCE AS OF 9/30/22

$1,621,835
($33,404)
$1,588,431

Notes
Reserve Fund Balance = $877,833* Revenue Fund Balance = $710,598*. Revenue Fund Used To Fund 11-1-22 Interest Payment Of $500,350.
* 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 9/30/2022 =

May 2046
$20,675,000

May 1st & November 1st

11/9/2022 11:37 AM