Amended Budget
Fiscal Year 2024

Sawyer's Landing Community Development District
November 13, 2024

Prepared by:

Sawyer's Landing
Community Development District

Adopted
Budget		Actual
thru		Projected
Next		Total
Projected at	Amended
Budget	
 Description	FY2023			5/31/23		4 Months		9/30/23	FY2024	
Parking Garage Fees/Dev Contributions	$86,225		$58,314		$60,505		$118,819	$160,657	
Special Assessments	$0		$0		$0		$0	$1,747,260	
Interest Income	$0		$900,810		$398,032		$1,298,842	$951,700	
Carry Forward - Capitalized Interest	$3,647,956		$7,330,280		$0		$7,330,280	$3,783,290	
Total Revenues	$3,734,181		$8,289,404		$458,537		$8,747,940	$6,642,907	

Expenditures								
Administrative								
Engineering	$8,000		$1,000		$2,000		$3,000	$8,150	
Arbitrage	$600		$0		$550		$550	$0	
Dissemination	$2,500		$1,667		$2,333		$4,000	$2,500	
Attorney	$15,000		$8,360		$16,720		$25,080	$41,000	
Annual Audit	$12,500		$10,500		$12,500		$23,000	$11,000	
Trustee Fees	$6,000		$4,579		$0		$4,579	$4,600	
Management Fees	$25,000		$16,667		$23,333		$40,000	$25,000	
Website Compliance	$1,500		$49		$68		$117	$1,500	
Postage	$750		$110		$250		$360	$250	
Printing & Binding	$1,000		$5,375		$250		$5,625	$650	
Insurance	$10,000		$0		$0		$0	$5,600	
Legal Advertising	$2,500		$0		$2,000		$2,000	$2,100	
Other Current Charges	$700		$1,000		$500		$1,500	$100	
Office Supplies	$0		$0		$0		$0	$50	
Dues, Licenses & Subscriptions	$175		$5		$0		$5	$175	
Total Administrative	$86,225		$49,486		$60,505		$109,816	$102,675	

Debt Service								
Series 2021								
Interest Expense	$3,647,956		$2,431,971		$1,215,985		$3,647,956	$3,647,956	
Principal Expense	$0		$0		$0		$0	$0	
Total Debt Service	$3,647,956		$2,431,971		$1,215,985		$3,647,956	$3,647,956	
								
Total Expenditures	$3,734,181		$2,481,457		$1,276,490		$3,757,772	$3,750,631	
								
Excess Revenues/Expenditures	$0		$5,807,946		($817,953)		$4,990,168	$2,892,276	

Serries 2021 bonds has Capitalized Interest on account with the Trustee through May 2024						
11/1/2024 Interest	
$1,823,978.13	

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Page 1

	DATE			BALANCE			RATE			INTEREST			PRINCIPAL			TOTAL	

1-Nov-21	$3,365,000.00	3.250%	$31,700.74	$0.00		
1-May-22	$3,365,000.00	3.250%	$54,681.25	$0.00	$86,381.99	
1-Nov-22	$3,365,000.00	3.250%	$54,681.25	$0.00		
1-May-23	$3,365,000.00	3.250%	$54,681.25	$0.00	$109,362.50	
1-Nov-23	$3,365,000.00	3.250%	$54,681.25	$0.00		
1-May-24	$3,365,000.00	3.250%	$54,681.25	$0.00	$109,362.50	
1-Nov-24	$3,365,000.00	3.250%	$54,681.25	$0.00		
1-May-25	$3,365,000.00	3.250%	$54,681.25	$1,655,000.00	$1,764,362.50	
1-Nov-25	$1,710,000.00	3.250%	$27,787.50	$0.00		
1-May-26	$1,710,000.00	3.250%	$27,787.50	$1,710,000.00	$1,765,575.00	

	Total			$470,044.49 		$3,365,000.00 		$3,835,044.49 

	DATE			BALANCE			RATE			INTEREST			PRINCIPAL			TOTAL	

1-Nov-21	$9,565,000.00	3.750%		$87,177.03		$0.00		
1-May-22	$9,565,000.00	3.750%		$179,343.75		$0.00	$266,520.78	
1-Nov-22	$9,565,000.00	3.750%		$179,343.75		$0.00		
1-May-23	$9,565,000.00	3.750%		$179,343.75		$0.00	$358,687.50	
1-Nov-23	$9,565,000.00	3.750%		$179,343.75		$0.00		
1-May-24	$9,565,000.00	3.750%		$179,343.75		$0.00	$358,687.50	
1-Nov-24	$9,565,000.00	3.750%		$179,343.75		$0.00		
1-May-25	$9,565,000.00	3.750%		$179,343.75		$0.00	$358,687.50	
1-Nov-25	$9,565,000.00	3.750%		$179,343.75		$0.00		
1-May-26	$9,565,000.00	3.750%		$179,343.75		$0.00	$358,687.50	
1-Nov-26	$9,565,000.00	3.750%		$179,343.75		$0.00		
1-May-27	$9,565,000.00	3.750%		$179,343.75		$1,770,000.00	$2,128,687.50	
1-Nov-27	$7,795,000.00	3.750%		$146,156.25		$0.00		
1-May-28	$7,795,000.00	3.750%		$146,156.25		$1,840,000.00	$2,132,312.50	
1-Nov-28	$5,955,000.00	3.750%		$111,656.25		$0.00		
1-May-29	$5,955,000.00	3.750%		$111,656.25		$1,910,000.00	$2,133,312.50	
1-Nov-29	$4,045,000.00	3.750%		$75,843.75		$0.00		
1-May-30	$4,045,000.00	3.750%		$75,843.75		$1,985,000.00	$2,136,687.50	
1-Nov-30	$2,060,000.00	3.750%		$38,625.00		$0.00		
1-May-31	$2,060,000.00	3.750%		$38,625.00		$2,060,000.00	$2,137,250.00	
								$0.00 	
			Total				$2,804,520.78 			$9,565,000.00 		$12,369,520.78 	

	DATE			BALANCE			RATE			INTEREST			PRINCIPAL			TOTAL	

1-Nov-21	$25,965,000.00	4.125%		$237,755.55		$0.00		
1-May-22	$25,965,000.00	4.125%		$535,528.13		$0.00	$773,283.67	
1-Nov-22	$25,965,000.00	4.125%		$535,528.13		$0.00		
1-May-23	$25,965,000.00	4.125%		$535,528.13		$0.00	$1,071,056.25	
1-Nov-23	$25,965,000.00	4.125%		$535,528.13		$0.00		
1-May-24	$25,965,000.00	4.125%		$535,528.13		$0.00	$1,071,056.25	
1-Nov-24	$25,965,000.00	4.125%		$535,528.13		$0.00		
1-May-25	$25,965,000.00	4.125%		$535,528.13		$0.00	$1,071,056.25	
1-Nov-25	$25,965,000.00	4.125%		$535,528.13		$0.00		
1-May-26	$25,965,000.00	4.125%		$535,528.13		$0.00	$1,071,056.25	
1-Nov-26	$25,965,000.00	4.125%		$535,528.13		$0.00		
1-May-27	$25,965,000.00	4.125%		$535,528.13		$0.00	$1,071,056.25	
1-Nov-27	$25,965,000.00	4.125%		$535,528.13		$0.00		
1-May-28	$25,965,000.00	4.125%		$535,528.13		$0.00	$1,071,056.25	
1-Nov-28	$25,965,000.00	4.125%		$535,528.13		$0.00		
1-May-29	$25,965,000.00	4.125%		$535,528.13		$0.00	$1,071,056.25	
1-Nov-29	$25,965,000.00	4.125%		$535,528.13		$0.00		
1-May-30	$25,965,000.00	4.125%		$535,528.13		$0.00	$1,071,056.25	
1-Nov-30	$25,965,000.00	4.125%		$535,528.13		$0.00		
1-May-31	$25,965,000.00	4.125%		$535,528.13		$0.00	$1,071,056.25	
1-Nov-31	$25,965,000.00	4.125%		$535,528.13		$0.00		
1-May-32	$25,965,000.00	4.125%		$535,528.13		$2,140,000.00	$3,211,056.25	
1-Nov-32	$23,825,000.00	4.125%		$491,390.63		$0.00		
1-May-33	$23,825,000.00	4.125%		$491,390.63		$2,230,000.00	$3,212,781.25	
1-Nov-33	$21,595,000.00	4.125%		$445,396.88		$0.00		
1-May-34	$21,595,000.00	4.125%		$445,396.88		$2,325,000.00	$3,215,793.75	
1-Nov-34	$19,270,000.00	4.125%		$397,443.75		$0.00		
1-May-35	$19,270,000.00	4.125%		$397,443.75		$2,425,000.00	$3,219,887.50	
1-Nov-35	$16,845,000.00	4.125%		$347,428.13		$0.00		
1-May-36	$16,845,000.00	4.125%		$347,428.13		$2,525,000.00	$3,219,856.25	
1-Nov-36	$14,320,000.00	4.125%		$295,350.00		$0.00		
1-May-37	$14,320,000.00	4.125%		$295,350.00		$2,630,000.00	$3,220,700.00	
1-Nov-37	$11,690,000.00	4.125%		$241,106.25		$0.00		
1-May-38	$11,690,000.00	4.125%		$241,106.25		$2,745,000.00	$3,227,212.50	
1-Nov-38	$8,945,000.00	4.125%		$184,490.63		$0.00		
1-May-39	$8,945,000.00	4.125%		$184,490.63		$2,860,000.00	$3,228,981.25	
1-Nov-39	$6,085,000.00	4.125%		$125,503.13		$0.00		
1-May-40	$6,085,000.00	4.125%		$125,503.13		$2,980,000.00	$3,231,006.25	
1-Nov-40	$3,105,000.00	4.125%		$64,040.63		$0.00		
1-May-41	$3,105,000.00	4.125%		$64,040.63		$3,105,000.00	$3,233,081.25	
								$0.00 	
			Total			  $6,255,356.25 			$25,965,000.00 		$32,220,356.25 	

	2053 Maturity	

	DATE			PRINCIPAL
	BALANCE			
	RATE			
	INTEREST			
	PRINCIPAL			
	TOTAL		
1-Nov-21		$49,620,000.00		4.250%		$443,890.41		$0.00			
1-May-22		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$1,498,315.41	
1-Nov-22		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-23		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-23		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-24		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-24		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-25		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-25		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-26		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-26		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-27		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-27		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-28		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-28		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-29		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-29		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-30		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-30		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-31		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-31		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-32		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-32		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-33		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-33		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-34		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-34		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-35		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-35		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-36		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-36		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-37		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-37		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-38		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-38		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-39		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-39		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-40		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-40		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-41		$49,620,000.00		4.250%		$1,054,425.00		$0.00		$2,108,850.00	
1-Nov-41		$49,620,000.00		4.250%		$1,054,425.00		$0.00			
1-May-42		$49,620,000.00		4.250%		$1,054,425.00		$3,235,000.00		$5,343,850.00	
1-Nov-42		$46,385,000.00		4.250%		$985,681.25		$0.00			
1-May-43		$46,385,000.00		4.250%		$985,681.25		$3,380,000.00		$5,351,362.50	
1-Nov-43		$43,005,000.00		4.250%		$913,856.25		$0.00			
1-May-44		$43,005,000.00		4.250%		$913,856.25		$3,525,000.00		$5,352,712.50	
1-Nov-44		$39,480,000.00		4.250%		$838,950.00		$0.00			
1-May-45		$39,480,000.00		4.250%		$838,950.00		$3,680,000.00		$5,357,900.00	
1-Nov-45		$35,800,000.00		4.250%		$760,750.00		$0.00			
1-May-46		$35,800,000.00		4.250%		$760,750.00		$3,840,000.00		$5,361,500.00	
1-Nov-46		$31,960,000.00		4.250%		$679,150.00		$0.00			
1-May-47		$31,960,000.00		4.250%		$679,150.00		$4,005,000.00		$5,363,300.00	
4-Nov-48		$27,955,000.00		4.250%		$594,043.75		$0.00			
1-May-48		$27,955,000.00		4.250%		$594,043.75		$4,180,000.00		$5,368,087.50	
1-Nov-48		$23,775,000.00		4.250%		$505,218.75		$0.00			
1-May-49		$23,775,000.00		4.250%		$505,218.75		$4,360,000.00		$5,370,437.50	
1-Nov-49		$19,415,000.00		4.250%		$412,568.75		$0.00			
1-May-50		$19,415,000.00		4.250%		$412,568.75		$4,550,000.00		$5,375,137.50	
1-Nov-50		$14,865,000.00		4.250%		$315,881.25		$0.00			
1-May-51		$14,865,000.00		4.250%		$315,881.25		$4,745,000.00		$5,376,762.50	
1-Nov-51		$10,120,000.00		4.250%		$215,050.00		$0.00			
1-May-52		$10,120,000.00		4.250%		$215,050.00		$4,955,000.00		$5,385,100.00	
1-Nov-52		$5,165,000.00		4.250%		$109,756.25		$0.00			
1-May-53		$5,165,000.00			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 	

										Summary	

	DATE			PRINCIPAL
	BALANCE			
	RATE			
	INTEREST			
	PRINCIPAL			
	TOTAL		
1-Nov-21		$88,515,000.00		6.750%		$800,523.73		$0.00			
1-May-22		$88,515,000.00		6.750%		$1,823,978.13		$0.00		$2,624,501.86	
1-Nov-22		$88,515,000.00		6.750%		$1,823,978.13		$0.00			
1-May-23		$88,515,000.00		6.750%		$1,823,978.13		$0.00		$3,647,956.25	
1-Nov-23		$88,515,000.00		6.750%		$1,823,978.13		$0.00			
1-May-24		$88,515,000.00		6.750%		$1,823,978.13		$0.00		$3,647,956.25	
1-Nov-24		$88,515,000.00		6.750%		$1,823,978.13		$0.00			
1-May-25		$88,515,000.00		6.750%		$1,823,978.13		$1,655,000.00		$5,302,956.25	
1-Nov-25		$86,860,000.00		6.750%		$1,797,084.38		$0.00			
1-May-26		$86,860,000.00		6.750%		$1,797,084.38		$1,710,000.00		$5,304,168.75	
1-Nov-26		$85,150,000.00		6.750%		$1,769,296.88		$0.00			
1-May-27		$85,150,000.00		6.750%		$1,769,296.88		$1,770,000.00		$5,308,593.75	
1-Nov-27		$83,380,000.00		6.750%		$1,736,109.38		$0.00			
1-May-28		$83,380,000.00		6.750%		$1,736,109.38		$1,840,000.00		$5,312,218.75	
1-Nov-28		$81,540,000.00		6.750%		$1,701,609.38		$0.00			
1-May-29		$81,540,000.00		6.750%		$1,701,609.38		$1,910,000.00		$5,313,218.75	
1-Nov-29		$79,630,000.00		6.750%		$1,665,796.88		$0.00			
1-May-30		$79,630,000.00		6.750%		$1,665,796.88		$1,985,000.00		$5,316,593.75	
1-Nov-30		$77,645,000.00		6.750%		$1,628,578.13		$0.00			
1-May-31		$77,645,000.00		6.750%		$1,628,578.13		$2,060,000.00		$5,317,156.25	
1-Nov-31		$75,585,000.00		6.750%		$1,589,953.13		$0.00			
1-May-32		$75,585,000.00		6.750%		$1,589,953.13		$2,140,000.00		$5,319,906.25	
1-Nov-32		$73,445,000.00		6.750%		$1,545,815.63		$0.00			
1-May-33		$73,445,000.00		6.750%		$1,545,815.63		$2,230,000.00		$5,321,631.25	
1-Nov-33		$71,215,000.00		6.750%		$1,499,821.88		$0.00			
1-May-34		$71,215,000.00		6.750%		$1,499,821.88		$2,325,000.00		$5,324,643.75	
1-Nov-34		$68,890,000.00		6.750%		$1,451,868.75		$0.00			
1-May-35		$68,890,000.00		6.750%		$1,451,868.75		$2,425,000.00		$5,328,737.50	
1-Nov-35		$66,465,000.00		6.750%		$1,401,853.13		$0.00			
1-May-36		$66,465,000.00		6.750%		$1,401,853.13		$2,525,000.00		$5,328,706.25	
1-Nov-36		$63,940,000.00		6.750%		$1,349,775.00		$0.00			
1-May-37		$63,940,000.00		6.750%		$1,349,775.00		$2,630,000.00		$5,329,550.00	
1-Nov-37		$61,310,000.00		6.750%		$1,295,531.25		$0.00			
1-May-38		$61,310,000.00		6.750%		$1,295,531.25		$2,745,000.00		$5,336,062.50	
1-Nov-38		$58,565,000.00		6.750%		$1,238,915.63		$0.00			
1-May-39		$58,565,000.00		6.750%		$1,238,915.63		$2,860,000.00		$5,337,831.25	
1-Nov-39		$55,705,000.00		6.750%		$1,179,928.13		$0.00			
1-May-40		$55,705,000.00		6.750%		$1,179,928.13		$2,980,000.00		$5,339,856.25	
1-Nov-40		$52,725,000.00		6.750%		$1,118,465.63		$0.00			
1-May-41		$52,725,000.00		6.750%		$1,118,465.63		$3,105,000.00		$5,341,931.25	
1-Nov-41		$49,620,000.00		6.750%		$1,054,425.00		$0.00			
1-May-42		$49,620,000.00		6.750%		$1,054,425.00		$3,235,000.00		$5,343,850.00	
1-Nov-42		$46,385,000.00		6.750%		$985,681.25		$0.00			
1-May-43		$46,385,000.00		6.750%		$985,681.25		$3,380,000.00		$5,351,362.50	
1-Nov-43		$43,005,000.00		6.750%		$913,856.25		$0.00			
1-May-44		$43,005,000.00		6.750%		$913,856.25		$3,525,000.00		$4,438,856.25	
1-Nov-44		$39,480,000.00		6.750%		$838,950.00		$0.00			
1-May-45		$39,480,000.00		6.750%		$838,950.00		$3,680,000.00		$5,357,900.00	
1-Nov-45		$35,800,000.00		6.750%		$760,750.00		$0.00			
1-May-46		$35,800,000.00		6.750%		$760,750.00		$3,840,000.00		$5,361,500.00	
1-Nov-46		$31,960,000.00		6.750%		$679,150.00		$0.00			
1-May-47		$31,960,000.00		6.750%		$679,150.00		$4,005,000.00		$5,363,300.00	
1-Nov-48		$27,955,000.00		6.750%		$594,043.75		$0.00			
1-May-48		$27,955,000.00		6.750%		$594,043.75		$4,180,000.00		$5,368,087.50	
1-Nov-48		$23,775,000.00		6.750%		$505,218.75		$0.00			
1-May-49		$23,775,000.00		6.750%		$505,218.75		$4,360,000.00		$5,370,437.50	
1-Nov-49		$19,415,000.00		6.750%		$412,568.75		$0.00			
1-May-50		$19,415,000.00		6.750%		$412,568.75		$4,550,000.00		$5,375,137.50	
1-Nov-50		$14,865,000.00		6.750%		$315,881.25		$0.00			
1-May-51		$14,865,000.00		6.750%		$315,881.25		$4,745,000.00		$5,376,762.50	
1-Nov-51		$10,120,000.00		6.750%		$215,050.00		$0.00			
1-May-52		$10,120,000.00		6.750%		$215,050.00		$4,955,000.00		$5,385,100.00	
1-Nov-52		$5,165,000.00		6.750%		$109,756.25		$0.00			
1-May-53		$5,165,000.00		6.750%		$109,756.25		$5,165,000.00		$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