Adopted Budget	
Fiscal Year 2024	

Sawyer's Landing	
Community Development District	

June 14, 2023

Prepared by:

Sawyer's Landing	
Community Development District	

Actual	
thru	
  5/31/2023		

Projected	
Next	
  4 Months		

Total		Adopted	
Projected at		Budget	
  9/30/2023				FY2024		

Adopted	
Budget	
 Description		FY2023		
Parking Garage Fees/Dev Contrib	$86,225	
Interest Income	$0	
Carry Forward - Capitalized Intere	$3,647,956	

(1)

Total Revenues	$3,734,181	

Expenditures

 		 

$58,314	
$900,810	
$7,330,280	

$60,505	
$398,032	
$0	

$118,819	
$1,298,842	
$7,330,280	

$836,657	
$100,000	
$4,990,168	

$8,289,404	$458,537	$8,747,940	$5,926,825

$2,431,971	
$0	

$1,215,985	
$0	

$3,647,956	
$0	

Total Debt Service	$3,647,956	

Total Expenditures	$3,734,181	

Excess Revenues/Expenditures	$0	

(1)	Serries 2021 bonds has Capitalized Interest on account with the Trustee through May 2024	

Administrative		
Engineering	$8,000	
Arbitrage	$600	
Dissemination	$2,500	
Attorney	$15,000	
Annual Audit	$12,500	
Trustee Fees	$6,000	
Management Fees	$25,000	
Website Compliance	$1,500	
Postage	$750	
Printing & Binding	$1,000	
Insurance	$10,000	
Legal Advertising	$2,500	
Other Current Charges	$700	
Dues, Licenses & Subscriptions	$175	
Total Administrative	$86,225	

 	
$1,000	
$0	
$1,667	
$8,360	
$10,500	
$4,579	
$16,667	
$49	
$110	
$5,375	
$0	
$0	
$1,000	
$5	
$49,486	

	
$2,000	
$550	
$2,333	
$16,720	
$12,500	
$0	
$23,333	
$68	
$250	
$250	
$0	
$2,000	
$500	
$0	
$60,505	

	
$3,000	$8,000	
$550	$600	
$4,000	$2,500	
$25,080	$15,000	
$23,000	$12,500	
$4,579	$6,000	
$40,000	$25,000	
$117	$1,500	
$360	$750	
$5,625	$1,000	
$0	$10,000	
$2,000	$2,500	
$1,500	$700	
$5	$175	
$109,816	$86,225	

Debt Service
Series 2021		
Interest Expense	$3,647,956						$3,647,956			
Principal Expense	$0						$0			
			$2,431,971		$1,215,985		$3,647,956		$3,647,956	
										
			$2,481,457		$1,276,490		$3,757,772		$3,734,181	
										
			$5,807,946		($817,953)		$4,990,168		$2,192,644	
							
11/1/2024 Interest		
$1,823,978.13	

Series 2021 Special Assessment Revenue Bonds	
Amortization Schedule	
2026 Maturity	

	DATE	

1-Nov-21	
1-May-22	
1-Nov-22	
1-May-23	
1-Nov-23	
1-May-24	
1-Nov-24	
1-May-25	
1-Nov-25	
1-May-26	

	RATE			INTEREST			PRINCIPAL			TOTAL	

PRINCIPAL	
	BALANCE		

$3,365,000.00	
$3,365,000.00	
$3,365,000.00	
$3,365,000.00	
$3,365,000.00	
$3,365,000.00	
$3,365,000.00	
$3,365,000.00	
$1,710,000.00	
$1,710,000.00	

3.250%	
3.250%	
3.250%	
3.250%	
3.250%	
3.250%	
3.250%	
3.250%	
3.250%	
3.250%	

$31,700.74	
$54,681.25	
$54,681.25	
$54,681.25	
$54,681.25	
$54,681.25	
$54,681.25	
$54,681.25	
$27,787.50	
$27,787.50	

$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$1,655,000.00	
$0.00	
$1,710,000.00	

$86,381.99

$109,362.50

$109,362.50

$1,765,575.00	
	$3,835,044.49 	

$1,764,362.50

	Total			$470,044.49 		$3,365,000.00 

Series 2021 Special Assessment Revenue Bonds	
Amortization Schedule	
2031 Maturity	

	DATE	

1-Nov-21	
1-May-22	
1-Nov-22	
1-May-23	
1-Nov-23	
1-May-24	
1-Nov-24	
1-May-25	
1-Nov-25	
1-May-26	
1-Nov-26	
1-May-27	
1-Nov-27	
1-May-28	
1-Nov-28	
1-May-29	
1-Nov-29	
1-May-30	
1-Nov-30	
1-May-31	

	RATE			INTEREST			PRINCIPAL			TOTAL	

PRINCIPAL	
	BALANCE		

$9,565,000.00	
$9,565,000.00	
$9,565,000.00	
$9,565,000.00	
$9,565,000.00	
$9,565,000.00	
$9,565,000.00	
$9,565,000.00	
$9,565,000.00	
$9,565,000.00	
$9,565,000.00	
$9,565,000.00	
$7,795,000.00	
$7,795,000.00	
$5,955,000.00	
$5,955,000.00	
$4,045,000.00	
$4,045,000.00	
$2,060,000.00	
$2,060,000.00	

3.750%	
3.750%	
3.750%	
3.750%	
3.750%	
3.750%	
3.750%	
3.750%	
3.750%	
3.750%	
3.750%	
3.750%	
3.750%	
3.750%	
3.750%	
3.750%	
3.750%	
3.750%	
3.750%	
3.750%	

$87,177.03	
$179,343.75	
$179,343.75	
$179,343.75	
$179,343.75	
$179,343.75	
$179,343.75	
$179,343.75	
$179,343.75	
$179,343.75	
$179,343.75	
$179,343.75	
$146,156.25	
$146,156.25	
$111,656.25	
$111,656.25	
$75,843.75	
$75,843.75	
$38,625.00	
$38,625.00	

$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$1,770,000.00	
$0.00	
$1,840,000.00	
$0.00	
$1,910,000.00	
$0.00	
$1,985,000.00	
$0.00	
$2,060,000.00	

$266,520.78

$358,687.50

$358,687.50

$358,687.50

$358,687.50

$2,128,687.50

$2,132,312.50

$2,133,312.50

$2,136,687.50

$2,137,250.00
	$0.00 
 		
	Total			$2,804,520.78 		$9,565,000.00 		$12,369,520.78 

Series 2021 Special Assessment Revenue Bonds	
Amortization Schedule	
2041 Maturity	

	DATE	

1-Nov-21	
1-May-22	
1-Nov-22	
1-May-23	
1-Nov-23	
1-May-24	
1-Nov-24	
1-May-25	
1-Nov-25	
1-May-26	
1-Nov-26	
1-May-27	
1-Nov-27	
1-May-28	
1-Nov-28	
1-May-29	
1-Nov-29	
1-May-30	
1-Nov-30	
1-May-31	
1-Nov-31	
1-May-32	
1-Nov-32	
1-May-33	
1-Nov-33	
1-May-34	
1-Nov-34	
1-May-35	
1-Nov-35	
1-May-36	
1-Nov-36	
1-May-37	
1-Nov-37	
1-May-38	
1-Nov-38	
1-May-39	
1-Nov-39	
1-May-40	
1-Nov-40	
1-May-41	

	RATE			INTEREST			PRINCIPAL			TOTAL	

PRINCIPAL	
	BALANCE		

$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$25,965,000.00	
$23,825,000.00	
$23,825,000.00	
$21,595,000.00	
$21,595,000.00	
$19,270,000.00	
$19,270,000.00	
$16,845,000.00	
$16,845,000.00	
$14,320,000.00	
$14,320,000.00	
$11,690,000.00	
$11,690,000.00	
$8,945,000.00	
$8,945,000.00	
$6,085,000.00	
$6,085,000.00	
$3,105,000.00	
$3,105,000.00	

4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	
4.125%	

$237,755.55	
$535,528.13	
$535,528.13	
$535,528.13	
$535,528.13	
$535,528.13	
$535,528.13	
$535,528.13	
$535,528.13	
$535,528.13	
$535,528.13	
$535,528.13	
$535,528.13	
$535,528.13	
$535,528.13	
$535,528.13	
$535,528.13	
$535,528.13	
$535,528.13	
$535,528.13	
$535,528.13	
$535,528.13	
$491,390.63	
$491,390.63	
$445,396.88	
$445,396.88	
$397,443.75	
$397,443.75	
$347,428.13	
$347,428.13	
$295,350.00	
$295,350.00	
$241,106.25	
$241,106.25	
$184,490.63	
$184,490.63	
$125,503.13	
$125,503.13	
$64,040.63	
$64,040.63	

$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$2,140,000.00	
$0.00	
$2,230,000.00	
$0.00	
$2,325,000.00	
$0.00	
$2,425,000.00	
$0.00	
$2,525,000.00	
$0.00	
$2,630,000.00	
$0.00	
$2,745,000.00	
$0.00	
$2,860,000.00	
$0.00	
$2,980,000.00	
$0.00	
$3,105,000.00	

$773,283.67

$1,071,056.25

$1,071,056.25

$1,071,056.25

$1,071,056.25

$1,071,056.25

$1,071,056.25

$1,071,056.25

$1,071,056.25

$1,071,056.25

$3,211,056.25

$3,212,781.25

$3,215,793.75

$3,219,887.50

$3,219,856.25

$3,220,700.00

$3,227,212.50

$3,228,981.25

$3,231,006.25

$3,233,081.25
	$0.00 
 		
	Total			$6,255,356.25 		$25,965,000.00 		$32,220,356.25 

Sawyer's Landing	
Community Development District	

Series 2021 Special Assessment Revenue Bonds	
Amortization Schedule	
2053 Maturity	

PRINCIPAL	
	BALANCE		

1-Nov-21	
1-May-22	
1-Nov-22	
1-May-23	
1-Nov-23	
1-May-24	
1-Nov-24	
1-May-25	
1-Nov-25	
1-May-26	
1-Nov-26	
1-May-27	
1-Nov-27	
1-May-28	
1-Nov-28	
1-May-29	
1-Nov-29	
1-May-30	
1-Nov-30	
1-May-31	
1-Nov-31	
1-May-32	
1-Nov-32	
1-May-33	
1-Nov-33	
1-May-34	
1-Nov-34	
1-May-35	
1-Nov-35	
1-May-36	
1-Nov-36	
1-May-37	
1-Nov-37	
1-May-38	
1-Nov-38	
1-May-39	
1-Nov-39	
1-May-40	
1-Nov-40	
1-May-41	
1-Nov-41	
1-May-42	
1-Nov-42	
1-May-43	
1-Nov-43	
1-May-44	
1-Nov-44	
1-May-45	
1-Nov-45	
1-May-46	
1-Nov-46	
1-May-47	
4-Nov-48	
1-May-48	
1-Nov-48	
1-May-49	
1-Nov-49	
1-May-50	
1-Nov-50	
1-May-51	
1-Nov-51	
1-May-52	
1-Nov-52	
1-May-53	

 	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$49,620,000.00	
$46,385,000.00	
$46,385,000.00	
$43,005,000.00	
$43,005,000.00	
$39,480,000.00	
$39,480,000.00	
$35,800,000.00	
$35,800,000.00	
$31,960,000.00	
$31,960,000.00	
$27,955,000.00	
$27,955,000.00	
$23,775,000.00	
$23,775,000.00	
$19,415,000.00	
$19,415,000.00	
$14,865,000.00	
$14,865,000.00	
$10,120,000.00	
$10,120,000.00	
$5,165,000.00	
$5,165,000.00	

	
4.250%	$443,890.41	$0.00		
4.250%	$1,054,425.00	$0.00	$1,498,315.41	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$0.00	$2,108,850.00	
4.250%	$1,054,425.00	$0.00		
4.250%	$1,054,425.00	$3,235,000.00	$5,343,850.00	
4.250%	$985,681.25	$0.00		
4.250%	$985,681.25	$3,380,000.00	$5,351,362.50	
4.250%	$913,856.25	$0.00		
4.250%	$913,856.25	$3,525,000.00	$5,352,712.50	
4.250%	$838,950.00	$0.00		
4.250%	$838,950.00	$3,680,000.00	$5,357,900.00	
4.250%	$760,750.00	$0.00		
4.250%	$760,750.00	$3,840,000.00	$5,361,500.00	
4.250%	$679,150.00	$0.00		
4.250%	$679,150.00	$4,005,000.00	$5,363,300.00	
4.250%	$594,043.75	$0.00		
4.250%	$594,043.75	$4,180,000.00	$5,368,087.50	
4.250%	$505,218.75	$0.00		
4.250%	$505,218.75	$4,360,000.00	$5,370,437.50	
4.250%	$412,568.75	$0.00		
4.250%	$412,568.75	$4,550,000.00	$5,375,137.50	
4.250%	$315,881.25	$0.00		
4.250%	$315,881.25	$4,745,000.00	$5,376,762.50	
4.250%	$215,050.00	$0.00		
4.250%	$215,050.00	$4,955,000.00	$5,385,100.00	
4.250%	$109,756.25	$0.00		
  4.250%			$109,756.25 		$5,165,000.00 			$5,384,512.50 	
   Total			$56,337,127.91 		$49,620,000.00 			$105,957,127.91 	
	Page 5			

Sawyer's Landing	
Community Development District	

Series 2021 Special Assessment Revenue Bonds	
Amortization Schedule	
Summary	

PRINCIPAL	
	BALANCE		

1-Nov-21	
1-May-22	
1-Nov-22	
1-May-23	
1-Nov-23	
1-May-24	
1-Nov-24	
1-May-25	
1-Nov-25	
1-May-26	
1-Nov-26	
1-May-27	
1-Nov-27	
1-May-28	
1-Nov-28	
1-May-29	
1-Nov-29	
1-May-30	
1-Nov-30	
1-May-31	
1-Nov-31	
1-May-32	
1-Nov-32	
1-May-33	
1-Nov-33	
1-May-34	
1-Nov-34	
1-May-35	
1-Nov-35	
1-May-36	
1-Nov-36	
1-May-37	
1-Nov-37	
1-May-38	
1-Nov-38	
1-May-39	
1-Nov-39	
1-May-40	
1-Nov-40	
1-May-41	
1-Nov-41	
1-May-42	
1-Nov-42	
1-May-43	
1-Nov-43	
1-May-44	
1-Nov-44	
1-May-45	
1-Nov-45	
1-May-46	
1-Nov-46	
1-May-47	
1-Nov-48	
1-May-48	
1-Nov-48	
1-May-49	
1-Nov-49	
1-May-50	
1-Nov-50	
1-May-51	
1-Nov-51	
1-May-52	
1-Nov-52	
1-May-53	

$88,515,000.00	
$88,515,000.00	
$88,515,000.00	
$88,515,000.00	
$88,515,000.00	
$88,515,000.00	
$88,515,000.00	
$88,515,000.00	
$86,860,000.00	
$86,860,000.00	
$85,150,000.00	
$85,150,000.00	
$83,380,000.00	
$83,380,000.00	
$81,540,000.00	
$81,540,000.00	
$79,630,000.00	
$79,630,000.00	
$77,645,000.00	
$77,645,000.00	
$75,585,000.00	
$75,585,000.00	
$73,445,000.00	
$73,445,000.00	
$71,215,000.00	
$71,215,000.00	
$68,890,000.00	
$68,890,000.00	
$66,465,000.00	
$66,465,000.00	
$63,940,000.00	
$63,940,000.00	
$61,310,000.00	
$61,310,000.00	
$58,565,000.00	
$58,565,000.00	
$55,705,000.00	
$55,705,000.00	
$52,725,000.00	
$52,725,000.00	
$49,620,000.00	
$49,620,000.00	
$46,385,000.00	
$46,385,000.00	
$43,005,000.00	
$43,005,000.00	
$39,480,000.00	
$39,480,000.00	
$35,800,000.00	
$35,800,000.00	
$31,960,000.00	
$31,960,000.00	
$27,955,000.00	
$27,955,000.00	
$23,775,000.00	
$23,775,000.00	
$19,415,000.00	
$19,415,000.00	
$14,865,000.00	
$14,865,000.00	
$10,120,000.00	
$10,120,000.00	
$5,165,000.00	
$5,165,000.00	

6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	
6.750%	

$800,523.73	
$1,823,978.13	
$1,823,978.13	
$1,823,978.13	
$1,823,978.13	
$1,823,978.13	
$1,823,978.13	
$1,823,978.13	
$1,797,084.38	
$1,797,084.38	
$1,769,296.88	
$1,769,296.88	
$1,736,109.38	
$1,736,109.38	
$1,701,609.38	
$1,701,609.38	
$1,665,796.88	
$1,665,796.88	
$1,628,578.13	
$1,628,578.13	
$1,589,953.13	
$1,589,953.13	
$1,545,815.63	
$1,545,815.63	
$1,499,821.88	
$1,499,821.88	
$1,451,868.75	
$1,451,868.75	
$1,401,853.13	
$1,401,853.13	
$1,349,775.00	
$1,349,775.00	
$1,295,531.25	
$1,295,531.25	
$1,238,915.63	
$1,238,915.63	
$1,179,928.13	
$1,179,928.13	
$1,118,465.63	
$1,118,465.63	
$1,054,425.00	
$1,054,425.00	
$985,681.25	
$985,681.25	
$913,856.25	
$913,856.25	
$838,950.00	
$838,950.00	
$760,750.00	
$760,750.00	
$679,150.00	
$679,150.00	
$594,043.75	
$594,043.75	
$505,218.75	
$505,218.75	
$412,568.75	
$412,568.75	
$315,881.25	
$315,881.25	
$215,050.00	
$215,050.00	
$109,756.25	
$109,756.25	

$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$0.00	
$1,655,000.00	
$0.00	
$1,710,000.00	
$0.00	
$1,770,000.00	
$0.00	
$1,840,000.00	
$0.00	
$1,910,000.00	
$0.00	
$1,985,000.00	
$0.00	
$2,060,000.00	
$0.00	
$2,140,000.00	
$0.00	
$2,230,000.00	
$0.00	
$2,325,000.00	
$0.00	
$2,425,000.00	
$0.00	
$2,525,000.00	
$0.00	
$2,630,000.00	
$0.00	
$2,745,000.00	
$0.00	
$2,860,000.00	
$0.00	
$2,980,000.00	
$0.00	
$3,105,000.00	
$0.00	
$3,235,000.00	
$0.00	
$3,380,000.00	
$0.00	
$3,525,000.00	
$0.00	
$3,680,000.00	
$0.00	
$3,840,000.00	
$0.00	
$4,005,000.00	
$0.00	
$4,180,000.00	
$0.00	
$4,360,000.00	
$0.00	
$4,550,000.00	
$0.00	
$4,745,000.00	
$0.00	
$4,955,000.00	
$0.00	
$5,165,000.00	

$2,624,501.86

$3,647,956.25

$3,647,956.25

$5,302,956.25

$5,304,168.75

$5,308,593.75

$5,312,218.75

$5,313,218.75

$5,316,593.75

$5,317,156.25

$5,319,906.25

$5,321,631.25

$5,324,643.75

$5,328,737.50

$5,328,706.25

$5,329,550.00

$5,336,062.50

$5,337,831.25

$5,339,856.25

$5,341,931.25

$5,343,850.00

$5,351,362.50

$4,438,856.25

$5,357,900.00

$5,361,500.00

$5,363,300.00

$5,368,087.50

$5,370,437.50

$5,375,137.50

$5,376,762.50

$5,385,100.00

$5,384,512.50

	Total			$76,279,839.36 		$88,515,000.00 		$163,880,983.11 

REVENUES:

Developer Contributions/Parking Garage Revenue
The District has entered into a Funding Agreement with the Developer to Fund all General Fund expenditures for the Fiscal Year.

Carry Forward – Capitalized Interest
Upon the issuance of the Series 2021 bonds, the Trustee has on deposit funds to cover Interest Expense through May 2024.

EXPENDITURES:

Administrative:

Engineering Fees
The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Arbitrage Rebate
The District is required to have an annual arbitrage rebate calculation on the District’s Bonds. The District will contract with an independent auditing firm to perform the calculations.

Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Attorney Fees
The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Trustee Fees
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – South Florida, LLC.

Website Administration
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings etc. in a newspaper of general circulation.

Administrative: (continued)

Other Current Charges
Bank charges and any other miscellaneous expenses that incurred during the year.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Debt Service:
The District issued $88,515,000 of Series 2021 Special Assessment Revenue Bonds. The following is the annual principal and interest expense due on these bonds for the next fiscal year:

Interest Expense – 11/1/23	$1,823,978.13	
Interest Expense – 05/01/24	$1,823,978.13	
Principal Expense – 05/01/24	$	0.00	
Total	$3,647,956.26