Reunion West
Community Development District
Adopted Budget
FY 2024

Table of Contents

1-2

3-11

12

13

14

15

16

17

18

19

20

21

22

	General Fund

	General Fund Narrative

	Replacement & Maintenance Fund

	Debt Service Fund Series 2015

	Amortization Schedule Series 2015

	Debt Service Fund Series 2016

	Amortization Schedule Series 2016

	Debt Service Fund Series 2017

	Amortization Schedule Series 2017

	Debt Service Fund Series 2019

	Amortization Schedule Series 2019

	Debt Service Fund Series 2022

	Amortization Schedule Series 2022

	Adopted Budget	Actual thru	Projected Next 3	Total thru	Adopted Budget	
	Description	FY2023	6/30/23	Months	9/30/23	FY2024	

Revenues

Special Assessments - Tax Collector	$1,760,063	$1,778,303		$0	$1,778,303	$1,760,063 Interest		$0		$8,911	$4,500		$13,411		$5,000
Rental Income	$1,760	$6,380	$880	$7,260	$2,200
Carry Forward Surplus	$0	$0	$0	$0	$193,864

Total Revenues	$1,761,823	$1,793,594	$5,380	$1,798,974	$1,961,127

Expenditures

Administrative

Supervisor Fees	$12,000	$6,000	$2,400	$8,400	$12,000
FICA Expense	$918	$459	$184	$643	$918
Engineering	$8,000	$7,861	$6,500	$14,361	$8,000
Attorney	$20,000	$25,528	$7,500	$33,028	$35,000
Trustee Fees	$21,000	$16,163	$4,837	$21,000	$19,880
Arbitrage	$3,000	$0	$2,250	$2,250	$2,250
Assessment Administration	$7,500	$7,500	$0	$7,500	$7,500
Dissemination	$10,000	$7,500	$2,500	$10,000	$10,000
Annual Audit	$7,500	$9,500	$0	$9,500	$9,600
Management Fees	$46,488	$34,866	$11,622	$46,488	$49,277
Information Technology	$1,600	$1,200	$400	$1,600	$1,800
Website Maintenance	$1,000	$750	$250	$1,000	$1,200
Telephone	$100	$0	$25	$25	$100
Postage	$1,500	$424	$76	$500	$1,500
Printing & Copies	$500	$427	$73	$500	$500
General Liability Insurance	$11,416	$10,226	$0	$10,226	$11,760
Legal Advertising	$5,000	$2,000	$500	$2,500	$5,000
Other Current Charges	$350	$30	$35	$65	$600
Office Supplies	$300	$4	$2	$6	$250
Property Appraiser Fee	$700	$739	$0	$739	$750
Travel Per Diem	$250		$0	$0		$0		$0 Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175

Administrative Expenses	$159,297	$131,351	$39,153	$170,504	$178,060

Maintenance - Shared Expenses

Field Management	$32,877	$24,658	$8,219	$32,877	$33,864 1 Management Services Agreement	$14,300		$5,363	$1,787		$7,150		$7,150 2 Telephone		$6,600		$4,217	$1,414		$5,631		$6,600 3
Electric	$259,446	$206,187	$81,639	$287,826	$290,400 4
Water & Sewer	$31,852	$21,250	$6,609	$27,859	$31,852 5
Gas	$35,992	$30,691	$2,813	$33,504	$37,400 6
Pool and Fountain Maintenance	$129,800	$122,619	$33,000	$155,619	$158,576 7
Pond Maintenance	$7,040	$8,102	$2,095	$10,197	$11,000 8
Property Insurance		$32,571		$29,735			$0		$29,735		$44,602 9 Irrigation Repairs & Maintenance			$7,150			$8,746		$2,918		$11,664		$11,000 10 Landscape Contract	$515,490	$347,891	$102,674	$450,565	$495,042 11
Landscape Contingency	$22,000		$8,520	$3,662	$12,181	$22,000 12 Gate & Gatehouse Expenses	$22,000	$21,573	$1,862	$23,435	$22,000 13 Roadways/Sidewalks/Bridge	$11,000		$6,448	$4,853	$11,302	$11,000 14 Lighting		$4,400		$4,403		$0		$4,403		$4,400 15 Building Repairs & Maintenance		$8,800			$675	$4,400		$5,075		$8,800 16 Pressure Washing	$15,400	$20,293		$0	$20,293	$22,000 17
Maintenance (Inspections)	$220	$0	$220	$220	$220 18
Repairs & Maintenance	$11,000	$13,811	$1,258	$15,070	$13,200 19
Contract Cleaning	$28,600	$21,110	$7,341	$28,451	$46,024 20 Fitness Center & Repairs & Maintenance		$2,200		$4,540		$396		$4,936		$6,116 21 Operating Supplies		$2,200			$0		$143			$143		$1,100 22
Signage	$4,400	$9,932	$1,320	$11,252	$4,400 23
Security	$87,208	$55,210	$18,573	$73,783	$94,102 24
Parking Violation Tags	$220	$0	$220	$220	$220 25

Total Shared Maintenance	$1,292,766	$975,974	$287,417	$1,263,390	$1,383,067

	Adopted
Budget	Actual
thru	Projected
Next 3	Total
thru	Adopted
Budget	
Description	FY2023	6/30/23	Months	9/30/23	FY2024	

Maintenance - Direct Expenses						

Irrigation System Operations	
$15,000	
$0	
$0	
$0	
$0	
Transfer Out - R&M Fund	$294,760	$294,760	$0	$294,760	$400,000	
			`			
Total Maintenance Expenses	$309,760	$294,760	$0	$294,760	$400,000	
						
Total Expenses	$1,761,823	$1,402,085	$326,570	$1,728,655	$1,961,127	
						
Excess Revenues (Expenditures)	$0	$391,509	($321,190)	$70,319	$0	

Net Assessments	$1,760,063	
Add: Discounts & Collections	$112,344	
Gross Assessments	$1,872,407	

Notes:
(1 thru 39) is 44% of the shared costs with the remaining 56% allocated to Reunion East for FY23. For FY24, (1 thru 25) the adopted allocation will be 44% of the shared costs for Reunion West with the remaining 56% allocated to Reunion East.

FY 2023
Budget	FY 2023
Projections	Total Adopted 2024 Budget	Reunion East 56%	Reunion West 44%	
$74,721	$74,721	$76,963	$43,099	$33,864	
$32,500	$16,250	$16,250	$9,100	$7,150	
$15,000	$12,799	$15,000	$8,400	$6,600	
$589,650	$650,326	$660,000	$369,600	$290,400	
$72,390	$63,419	$72,390	$40,538	$31,852	
$81,800	$80,722	$85,000	$47,600	$37,400	
$295,000	$353,660	$360,400	$201,824	$158,576	
$16,000	$23,174	$25,000	$14,000	$11,000	
$74,025	$67,579	$101,369	$56,766	$44,602	
$16,250	$26,510	$25,000	$14,000	$11,000	
$1,171,569	$1,024,011	$1,125,095	$630,053	$495,042	
$50,000	$27,684	$50,000	$28,000	$22,000	
$50,000	$52,601	$50,000	$28,000	$22,000	
$25,000	$25,302	$25,000	$14,000	$11,000	
$10,000	$10,006	$10,000	$5,600	$4,400	
$20,000	$11,535	$20,000	$11,200	$8,800	
$35,000	$46,120	$50,000	$28,000	$22,000	
$500	$500	$500	$280	$220	
$25,000	$34,249	$30,000	$16,800	$13,200	
$65,000	$64,661	$104,600	$58,576	$46,024	
$5,000	$11,217	$13,900	$7,784	$6,116	
$5,000	$1,543	$2,500	$1,400	$1,100	
$10,000	$24,076	$10,000	$5,600	$4,400	
$198,200	$168,734	$213,868	$119,766	$94,102	
$500	$687	$500	$280	$220	
$2,938,105	$2,872,086	$3,143,334	$1,760,267	$1,383,067	

Shared Costs

Field Maintenance
Management Services Agreement
Telephone
Electric
Water & Sewer
Gas
Pool & Fountain Maintenance
Pond Maintenance
Property Insurance
Irrigation Repairs & Maintenance
Landscape Contract
Landscape Contingency
Gate and Gatehouse Expenses
Roadways/Sidewalks/Bridge
Lighting
Building Repairs & Maintenance
Pressure Washing
Maintenance (Inspections)
Repairs & Maintenance
Contract Cleaning
Fitness Center & Repairs & Maintenance
Operating Supplies
Signage
Security
Parking Violation Tags
TOTAL

FISCAL YEAR 2024

Reunion West Projected EAU Administrative & Maintenance Calculation

Product Type	
EAU	
Units	Total
EAU	% of
EAU	Total
Assessments	Gross Per Unit
Assessments	
Commercial	1.00	0	0.00	0.00%	$0.00	$0.00	
Hotel/Condo	1.00	0	0.00	0.00%	$0.00	$0.00	
Multi-Family	1.50	398	597.00	15.96%	$298,884.28	$750.97	
Single-Family	2.00	1,559	3,118.00	83.37%	$1,561,007.03	$1,001.29	
Golf	1.00	25	25.00	0.67%	$12,516.09	$500.64	
		1,982	3,740.00	100.00%	$1,872,407.41		

FISCAL YEAR 2023

Reunion West Projected EAU Administrative & Maintenance Calculation

Product Type	
EAU	
Units	Total
EAU	% of
EAU	Total
Assessments	Gross Per Unit
Assessments	
Commercial	1.00	0	0.00	0.00%	$0.00	$0.00	
Hotel/Condo	1.00	0	0.00	0.00%	$0.00	$0.00	
Multi-Family	1.50	398	597.00	15.96%	$298,884.34	$750.97	
Single-Family	2.00	1,559	3,118.00	83.37%	$1,561,007.30	$1,001.29	
Golf	1.00	25	25.00	0.67%	$12,516.09	$500.64	
		1,982	3,740.00	100.00%	$1,872,407.73		

REVENUES:

Special Assessments – Tax Collector
The District will levy a non-ad valorem special assessment on all taxable property within the District to fund all general operating and maintenance expenditures for the fiscal year. These assessments are billed on tax bills.

Interest
The District generates funds from invested funds.

Rental Income
Reunion East Community Development District charges rental fees for the special use of certain amenities throughout the District. A portion of the rental income is transmitted to Reunion West Community Development District based on the same percent as the Interlocal Agreement for Reciprocal Use and Shared Expense.

EXPENDITURES:

Administrative:

Supervisor Fees
Chapter 190 of the Florida Statutes allows for a member of the Board of Supervisors to be compensated
$200 per meeting, not to exceed $4,800 per year to each Supervisor for the time devoted to District business and meetings. Amount is based on attendance of 5 Supervisors at 12 monthly Board meetings.

FICA Expense
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering
The District’s engineer, Boyd Civil Engineering, will be providing general engineering services to the District, e.g., attendance and preparation for monthly board meetings, reviewing invoices, preparation of contract specifications and bid documents, and various projects assigned by the Board of Supervisors and District Manager.

Attorney
The District’s legal counsel, Latham, Luna, Eden & Beaudine, LLP, will be providing general legal services to the District, e.g., attendance and preparation for monthly meetings, preparation and review of agreements and resolutions and other research as directed by the Board of Supervisors and the District Manager.

Trustee Fees
The District issued the Series 2015 Special Assessment Refunding & Improvement Bonds, the Series 2016 Special Assessment Bonds, the Series 2017 Special Assessment Bonds, the Series 2019 Special Assessment Bonds and the Series 2022 Special Assessment Refunding Bonds which are held with a Trustee at US Bank. The amount of the trustee fees is based on the agreement between US Bank and the District.

Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District’s Series 2015 Special Assessment Refunding & Improvement Bonds, Series 2016 Special Assessment Bonds, the Series 2017 Special Assessment Bonds, the Series 2019 Special Assessment Bonds and the Series 2022 Special Assessment Refunding Bonds. The District will be contracting with AMTEC to calculate the rebate liability and submit a report to the District.

Assessment Administration
The District has contracted with Governmental Management Services-Central Florida, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Dissemination
The District is required by the Securities and Exchange Commission to comply with Rule 15(c)(2)- 12(b)(5), which relates to additional reporting requirements for un-rated bond issues. The District has contracted with Governmental Management Services, LLC, the District’s bond underwriter, to provide this service.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District hired Grau & Associates to audit the financials records.

District Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – Central Florida, LLC. (“Manager”) These services include, but are not limited to, advertising, recording and transcribing of Board meetings, administrative services, budget preparation, financial reporting and assisting with annual audits.

Information Technology
The District has contracted with Governmental Management Services-Central Florida, LLC for costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, Adobe, Microsoft Office, etc.

Website Maintenance
The District has contracted with Governmental Management Services-Central Florida, LLC for the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone
Telephone and fax machine.

Postage
The District incurs charges for mailing of Board materials, overnight deliveries, checks for vendors and other required correspondence.

Printing & Copies
Printing and copies for Board meetings, printing of computerized checks, stationary, envelopes, etc.

General Liability Insurance
The District’s general liability and public officials’ liability insurance coverage is provided by Florida Insurance Alliance (FIA) who specializes in providing insurance coverage to governmental agencies.

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

Other Current Charges
Represents any miscellaneous expenses incurred the fiscal year such as bank fees, deposit slips, stop payments, etc.

Office Supplies
The District incurs charges for office supplies that need to be purchased during the fiscal year.

Property Appraiser Fee
Represents a fee charged by Osceola County Property Appraiser’s office for assessment administration services.

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

Maintenance:

44% of the maintenance costs are allocated to Reunion West and 56% are allocated to Reunion East during Fiscal Year 2023. The District has adopted the same split of 44% of the maintenance costs to Reunion West and 56% to Reunion East during Fiscal Year 2024. The maintenance costs are considered shared costs between the two districts and are allocated based on the number of platted equivalent assessment units (EAUs) in each district in accordance with the Interlocal Agreement between Reunion East and Reunion West regarding the joint maintenance and reciprocal usage of facilities.

Field Management
The District currently has a contract with Governmental Management Services-CF, LLC to provide onsite field management services. Services to include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Management Service Agreement
Management Service Agreement between the District and Kingwood Orlando Reunion Resort, LLC for management and operations of certain District facilities.

Telephone
This is for service for phone lines to the pool houses and guard houses.

Account #	Centurylink Service Address	
311194330	7621 Heritage Crossing Way	
311194956	7500 Morning Dove Circle	
312323516	7599 Gathering Drive	
311906997	7475 Gathering Drive	
425626040	1590 Reunion Boulevard	
491122540	700 Tradition Boulevard	
450054870	700 Tradition Boulevard	

Electric
The District has electrical accounts with Duke Energy and OUC for the recreation facilities, streetlights and other District areas.

Account #	Duke Energy Service Address
9100 8652 2608	7722 Excitement Dr Spkl, Reunion
9100 8652 2830	7500 Mourning Dove Cir Bath (Terraces)
9100 8656 3318	7477 Excitement Dr Spkl
9100 8656 5972	1300 Reunion Blvd, Irrigation
9100 8656 6717	900 Assembly Ct Spkl 900 Blk
9100 8659 9815	7399 Gathering Dr, Irrigation
9100 8647 7931	7475 Gathering Dr, Pool (Homestead Pool)
9100 8647 8156	000 Heritage Xing Lite (98-Heritage Crossing St. Lights)
9100 8647 8354	7500 Gathering Dr, Irrigation Timer
9100 8647 8601	1535 Euston Dr Spkl
9100 8647 8784	1400 Titian Ct Spkl
9100 8651 9025	7400 Excitement Dr Security Control
9100 8651 9265	7200 Reunion Blvd, Irr Timer
9100 8651 9546	15221 Fairview Circle Fountain
9100 8651 9778	00 Excitement Dr Lite Light Ph2 Pr3 (40-Patriots Landing St. Lights) 9100 8652 0010	000 Centre Court Ridge Dr Lite (33-Centre Court Ridge St. Lights) 9100 8652 0268	1364 Seven Eagles Ct., Pool 50 Ft. Right of CB HS
9100 8652 0474	7400 Excitement Dr Lite
9100 8652 0763	000 Seven Eagles Ct, Seven Eagles Lights (21 Tenon Conc/24 HH Trdrop 12000L)
9100 8652 1011	1350 S Old Lake Wilson Rd (Spine Rd/Hwy 545 Gatehouse)
9100 8652 1235	7621 Heritage Crossing Way, Pool
9100 8652 1441	7300 Mourning Dove Cir, Irrigation (Terraces)
9100 8652 1673	7421 Devereaux St Spkl
9100 8652 1912	7600 Tradition Blvd, Irrigation Meter A
9100 8652 2145	7477 Gathering Dr Spkl
9100 8652 2377	000 Assembly Ct Lite, Carriage Point (27-Carriage Pointe Assembly Ct. St. Lights)

Account #	Duke Energy Service Address
9100 8656 3079	7600 Heritage Crossing Way Pump
9100 8656 3590	7500 Seven Eagles Way Spkl
9100 8656 3847	7693 Heritage Cross. Way Poolhouse
9100 8656 4096	1400 Reunion Blvd Spkl, Irrigation
9100 8656 4319	000 Whitemarsh Way Lite (94-Masters Landing, Legends Corner St. Lights)
9100 8656 4583	7585 Assembly Ln, Pool (Carriage Pointe)
9100 8656 4781	7500 Mourning Dove Cir Irrig (Terraces)
9100 8656 5047	000 Old Lake Wilson Rd Lite, Ph2 Parcel 13
9100 8656 5302	0 Old Lake Wilson Rd Lite Ph2 Prcl 1A (26-Excitement Dr. St. Lights) 9100 8656 5534	1300 Seven Eagles Ct., Fountain
9100 8656 5766	0 Old Lake Wilson Rd Lite PH1 Parcel 1 (112-Homestead St. Lights)
9100 8656 6220	7427 Sparkling Ct. Spkl
9100 8656 6444	7700 Linkside Loop Spkl
9100 8656 6957	0 Old Lake Wilson Rd Lite PH2 Prcl 1 (10-Excitement Dr. St. Lights)
9100 8659 9170	7755 Osceola Polk Line Rd,Gatehouse (Main Gatehouse)
9100 8659 9378	7600 Tradition Blvd, Irrigation Meter C
9101 2363 2152	1491 Reunion Village Blvd., Gatehouse
9101 4491 5914	13201 Reunion Village Blvd., Irrigation
9100 8562 9753	000 Reunion Blvd Traditions Blvd (30-Traditions Blvd St. Lights)
9100 8562 8736	84401 Golden Bear Drive Fountain
9100 8562 8976	700 Tradition Blvd Guardhouse (Westside Gatehouse)
9100 8562 9224	000 Reunion Blvd Par78 (Grand Traverse Pkwy) (84-Westside of RW Streets) 9100 8562 9480	7615 Fairfax Rd. Gate
9100 8562 9993	7800 Tradition Blvd Irrig Meter B
9100 8568 0095	97201 Golden Bear Dr., Monument
9100 8563 0269	300 Sinclair Rd Irrig Meter A
9100 8563 0508	7800 Tradition Blvd Irrig Meter A

7855 Osceola Polk Line Rd
Sinclair Rd

76305-72865
95820-59007

OUC Service Address

Account #

Water & Sewer
The District has accounts with Toho Water Authority for water and wastewater services to the pools, pool buildings, guardhouses and other District areas.

Account #	Toho Water Authority Service Address	
2000680-33266729	1500 Euston ODD Drive	
2000680-33276319	1491 Reunion Village Boulevard	
2000680-818450	7755 Reunion Blvd Guardhouse	
2000680-820140	1344 Seven Eagles Court Pool	
2000680-823950	7300 Osceola Polk Line Rd Bldg 1	
2000680-823960	7300 Osceola Polk Line Rd Bldg 2	
2000680-887520	7475 Gathering Dr Pool	
2000680-888050	7621 Heritage Crossing Way PoolB	
2000680-888070	7693 Heritage Crossing Way Pool	
2000680-888280	7585 Assembly Ln Pool	
2000680-925360	7500 Mourning Dove Cir Irrig	
2000680-940460	7500 Mourning Dove Cir Bath	
2000680-942790	1350 S Old Lake Wilson Rd Grdhouse	
2007070-33020489	7615 Fairfax Drive Guardhouse	
2007070-942780	700 Tradition Blvd Guardhouse	

Gas
This item represents utility service costs for gas service at the community pools. The District has accounts with Gas South and Teco Peoples Gas for this service.

Account #	Gas South Service Address	
0861412280	Heritage Crossing Pool B	
1965200079	1364 Seven Eagles Ct	
5973225156	Heritage Crossing Pool A	
6097984974	Homestead Pool	
8086389354	Carriage Point Pool	

Account #	Teco Peoples Gas Service Address	
211010319849	7693 Heritage Crossing Way	
211010400144	7621 Heritage Crossing Way	
211010400342	7585 Assembly Ln	
211010400532	7475 Gathering Dr	
221003460526	7500 Morning Dove Circle	
211022021771	1364 Seven Eagles Court	

Pool & Fountain Maintenance
Scheduled maintenance consists of regular cleaning and treatments of pools and fountains, cleaning of pool buildings and emergency phones. Pools are maintained in accordance to Osceola County Health Department codes. District has contracted with Roberts Pool for this service.

Description	Monthly	Annual	
Pool Maintenance - Roberts Pool	$7,000	$84,000	
Pool Chemicals - Spies Pool		$180,000	
Annual Fees - Kings III of America		$3,000	
Annual Permit Fees - Fl. Dept. of Health		$3,550	
Contingency - Misc. Repairs			$89,850 	
Total		$360,400	

Pond Maintenance
The District currently has a contract with Applied Aquatic Management Inc., which provides lake maintenance to all the lakes inside the Reunion East and West CDDs. These services include monthly inspections and treatment of aquatic weeds and algae, herbicide spraying, and algae control and removal. The amount also includes unscheduled maintenance. In addition, there are budgeted cost for the future treatment and maintenance of Conservation Areas Easements including Wetland Preservation, Upland Preservation, and Upland Buffers of approximately 294 acres.

Description	Monthly	Annual	
Aquatic Plant Management			
1 Pond - Patriots Landing	$141	$1,692	
10 Stormwater Retention Ponds Reunion Village	$1,115	$13,380	
1 Stormwater Retention Pond - Encore Reunion	$219	$2,628	
1 Stormwater Retention Pond - Grand Traverse	$153	$1,836	
Contingency			$5,964 	
Total		$25,500	

Property Insurance
Represents the District’s share of the annual coverage of property insurance. Coverage is provided by Florida Insurance Alliance.

Irrigation Repairs & Maintenance
Represents the District expense for maintenance of the irrigation system.

Landscape Contract
The District currently has a contract with Yellowstone Landscape and Creative North, Inc. for scheduled maintenance consisting of mowing, edging, blowing, applying pest and disease control chemicals to sod, mulching once per year, applying fertilizer and pest and disease control and chemicals.

Description	Monthly	Annual	
Landscape Contract			
Common Area - Yellowstone Landscape	$49,435	$593,220	
Reunion Village 1-3 - Yellowstone Landscape	$6,138	$73,656	
Reunion Village 4-5 - Yellowstone Landscape	$2,883	$34,596	
Bedding Plants/Bed Dressing/Palm Trimming		$209,253	
Encore Area - Creative North Inc.	$15,133	$181,600	
Contingency			$32,770 	
Total		$1,125,095	

Landscape Contingency
Represents estimated costs for any additional landscape maintenance not covered/outlined in the contract with Yellowstone Landscape.

Gate & Gatehouse Expenses
Amounts based upon estimated expenditures for any repairs and maintenance to entry gates and gatehouse.

Roadways/Sidewalks/Bridge
Represents estimated expenditures for any maintenance of roadways, sidewalks and bridge.

Lighting
Represents costs for lighting repair scheduled during the fiscal year.

Building Repairs & Maintenance
Repairs for properties covered under the Management Services Agreement.

Pressure Washing
Estimated cost to pressure wash certain buildings and guardhouses owned by the District.

Maintenance (Inspections)
Represents quarterly sprinkler inspections, annual fire backflow and domestic backflow inspections and any unforeseen maintenance at Seven Eagles.

Repairs & Maintenance
Represents estimated costs for any unforeseen repairs and maintenance to the common areas.

Contract Cleaning
Represents estimated costs for monthly janitorial services to the Amenity Centers. District has contracted with Reunion Club of Orlando, LLC for this service.

Fitness Center Repairs & Maintenance
Represents costs for preventative maintenance for the Seven Eagles Fitness Centers. Services will consist of 24 visits during the fiscal year. District has contracted with Fitness Services of Florida, Inc. for this service.

Description	Monthly	Annual	
Preventative Maintenance	$600	$7,200	
Contingency - New Fitness Center/Misc. Repairs			$6,700 	
Total		$13,900	

Operating Supplies
Represents estimated costs for cleaning/janitorial supplies for Seven Eagles.

Signage
Represents estimated costs for repairing/maintaining signs within the District.

Security
Security services throughout the District facilities. Costs are based upon the actual security agreements with the District.

Description	Monthly	Annual	
Security			
Reunion Resort and Club Master Association	$13,400	$160,800	
Reunion West Property Owners' Association, Inc.	$2,276	$27,308	
Envera Security Services - Carriage Point	$1,280	$15,360	
Contingency			$10,400 	
Total		$213,868	

Parking Violation Tags
Represents estimated costs for purchase of parking violation tags.

Maintenance – Direct Expenses

Transfer Out – R&M Fund
Represents proposed amount to transfer to Replacement & Maintenance Fund.

Reunion West
Community Development District Adopted Budget
Replacement & Maintenance Fund Fiscal Year 2024

	Adopted
Budget	Actual
thru	Projected
Next 3	Total
thru	Adopted
Budget	
Description	FY2023	6/30/23	Months	9/30/23	FY2024	

Revenues						
Transfer In	$294,760	$294,760	$0	$294,760	$400,000	
Interest	$3,500	$21,853	$4,500	$26,353	$19,500	
Total Revenues	$298,260	$316,613	$4,500	$321,113	$419,500	

Expenditures						
Contingency	$500	$3,440	$120	$3,560	$600	
Building Improvements	$138,399	$23,627	$114,773	$138,399	$24,200 1	
Fountain Improvements	$0	$0	$0	$0	$0	
Gate/Gatehouse Improvements	$197,769	$12,976	$197,769	$210,744	$0	
Monument Improvements	$0	$0	$0	$0	$0	
Pool Furniture	$6,600	$8,582	$0	$8,582	$7,920 2	
Pool Repair & Replacements	$0	$9,807	$0	$9,807	$41,800 3	
Lighting Improvements	$0	$0	$0	$0	$5,539 4	
Landscape Improvements	$0	$0	$0	$0	$19,800 5	
Irrigation Improvements	$0	$0	$0	$0	$0	
Roadway Improvements	$48,972	$66,992	$48,972	$115,964	$214,478 6	
Signage	$22,000	$11,669	$0	$11,669	$44,000 7	
Stormwater Improvements	$22,000	$4,356	$0	$4,356	$0	
Capital Outlay	$4,400	$92,597	$0	$92,597	$71,500 8	
Total Expenditures	$440,640	$234,045	$361,633	$595,679	$429,837	
						
Excess Revenues/(Expenditures)	($142,380)	$82,568	($357,133)	($274,566)	($10,337)	
						
Fund Balance - Beginning	$853,096	$835,647	$0	$835,647	$561,081	
						
Fund Balance - Ending	$710,716	$918,215	($357,133)	$561,081	$550,744	

Notes:
(1 thru 18) is 44% of the shared costs with the remaining 56% allocated to Reunion East for FY23. For FY24, (1-8) the adopted allocation will be 44% of the shared costs for Reunion West with the remaining 56% allocated to Reunion East.

FY 2023
Budget	FY 2023
Projections	Total Adopted
2024 Budget	Reunion East
56%	Reunion West
44%	
$314,544	$314,544	$55,000	$30,800	$24,200	
$0	$0	$0	$0	$0	
$449,474	$478,965	$0	$0	$0	
$0	$0	$0	$0	$0	
$15,000	$19,505	$18,000	$10,080	$7,920	
$0	$22,289	$95,000	$53,200	$41,800	
$0	$0	$12,588	$7,049	$5,539	
$0	$0	$45,000	$25,200	$19,800	
$0	$0	$0	$0	$0	
$111,300	$263,554	$487,451	$272,973	$214,478	
$50,000	$26,520	$100,000	$56,000	$44,000	
$50,000	$9,900	$0	$0	$0	
$10,000	$210,449	$162,500	$91,000	$71,500	
$1,000,318	$1,345,725	$975,539	$546,302	$429,237	

Shared Costs

Building Improvements Fountain Improvements Gate/Gatehouse Improvements Monument Improvements
Pool Furniture
Pool Repair & Replacements
Lighting Improvements
Landscape Improvements Irrigation Improvements
Roadway Improvements
Signage
Stormwater Improvements
Capital Outlay
TOTAL

Reunion West
Community Development District Adopted Budget
Debt Service - Series 2015 Fiscal Year 2024

	Adopted
Budget	Actual
thru	Projected
Next 3	Total
thru	Adopted
Budget	
Description	FY2023	6/30/23	Months	9/30/23	FY2024	

Revenues						
Special Assessments	$326,875	$330,261	$0	$330,261	$326,875	
Interest	$200	$11,884	$3,116	$15,000	$10,000	
Carry Forward Surplus	$176,868	$179,886	$0	$179,886	$195,622	
Total Revenue	$503,943	$522,031	$3,116	$525,147	$532,497	

Expenditures						
Interest Expense 11/01	$79,763	$79,763	$0	$79,763	$76,150	
Principal Expense 05/01	$170,000	$170,000	$0	$170,000	$175,000	
Interest Expense 05/01	$79,763	$79,763	$0	$79,763	$76,150	
Total Expenses	$329,525	$329,525	$0	$329,525	$327,300	
						
Excess Revenues (Expenditures)	$174,418	$192,506	$3,116	$195,622	$205,197	

11/1/2024 Interest	
$72,431	

Net Assessments	
$326,875	
Add: Discounts & Collections		$20,864 	
Gross Assessments		$347,739 	

Product Type	
Units	Net Annual
Per Unit	Gross
Per Unit	Total
Net Annual	Total
Gross Annual	
Single-Family	161	$2,030	$2,160	$326,875	$347,739	

Reunion West Community Development District
Series 2015 Special Assessment Refunding & Improvement Bonds Debt Service Schedule (Term Bonds Due Combined)

	AMORTIZATION SCHEDULE		
DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
					
11/01/23	$3,100,000.00	$0	$76,150.00	$76,150.00	
05/01/24	$3,100,000.00	$175,000	$76,150.00		
11/01/24	$2,925,000.00	$0	$72,431.25	$323,581.25	
05/01/25	$2,925,000.00	$185,000	$72,431.25		
11/01/25	$2,740,000.00	$0	$68,500.00	$325,931.25	
05/01/26	$2,740,000.00	$190,000	$68,500.00		
11/01/26	$2,550,000.00	$0	$63,750.00	$322,250.00	
05/01/27	$2,550,000.00	$200,000	$63,750.00		
11/01/27	$2,350,000.00	$0	$58,750.00	$322,500.00	
05/01/28	$2,350,000.00	$210,000	$58,750.00		
11/01/28	$2,140,000.00	$0	$53,500.00	$322,250.00	
05/01/29	$2,140,000.00	$225,000	$53,500.00		
11/01/29	$1,915,000.00	$0	$47,875.00	$326,375.00	
05/01/30	$1,915,000.00	$235,000	$47,875.00		
11/01/30	$1,680,000.00	$0	$42,000.00	$324,875.00	
05/01/31	$1,680,000.00	$245,000	$42,000.00		
11/01/31	$1,435,000.00	$0	$35,875.00	$322,875.00	
05/01/32	$1,435,000.00	$260,000	$35,875.00		
11/01/32	$1,175,000.00	$0	$29,375.00	$325,250.00	
05/01/33	$1,175,000.00	$275,000	$29,375.00		
11/01/33	$900,000.00	$0	$22,500.00	$326,875.00	
05/01/34	$900,000.00	$285,000	$22,500.00		
11/01/34	$615,000.00	$0	$15,375.00	$322,875.00	
05/01/35	$615,000.00	$300,000	$15,375.00		
11/01/35	$315,000.00	$0	$7,875.00	$323,250.00	
05/01/36	$315,000.00	$315,000	$7,875.00	$322,875.00	
		$3,100,000	$1,187,912.50	$4,287,912.50	

Reunion West
Community Development District Adopted Budget
Debt Service - Series 2016 Fiscal Year 2024

	Adopted
Budget	Actual
thru	Projected
Next 3	Total
thru	Adopted
Budget	
Description	FY2023	6/30/23	Months	9/30/23	FY2024	

Revenues						
Special Assessments	$538,024	$543,598	$0	$543,598	$538,024	
Interest	$350	$19,448	$4,862	$24,310	$16,050	
Carry Forward Surplus	$434,696	$440,080	$0	$440,080	$476,566	
Total Revenue	$973,070	$1,003,125	$4,862	$1,007,987	$1,030,639	

Expenditures						
Interest Expense 11/01	$185,016	$185,016	$0	$185,016	$181,406	
Principal Expense 11/01	$165,000	$165,000	$0	$165,000	$170,000	
Interest Expense 05/01	$181,406	$181,406	$0	$181,406	$177,688	
Total Expenses	$531,422	$531,422	$0	$531,422	$529,094	
						
Excess Revenues (Expenditures)	$441,648	$471,704	$4,862	$476,566	$501,545	

11/1/2024 Principal	
$180,000	
11/1/2024 Interest 	$177,688 
$357,688

Net Assessments	$538,024	
Add: Discounts & Collections		$34,342 	
Gross Assessments		$572,366 	

Product Type	
Units	Net Annual
Per Unit	Gross
Per Unit	Total
Net Annual	Total
Gross Annual	
Single-Family	265	$2,030	$2,160	$538,024	$572,366	

Reunion West Community Development District
Series 2016 Special Assessment Bonds
Debt Service Schedule (Term Bonds Due Combined)

	AMORTIZATION SCHEDULE		
DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
					
11/01/23	$7,400,000.00	$170,000	$181,406.25	$351,406.25	
05/01/24	$7,230,000.00	$0	$177,687.50		
11/01/24	$7,230,000.00	$180,000	$177,687.50	$535,375.00	
05/01/25	$7,050,000.00	$0	$173,750.00		
11/01/25	$7,050,000.00	$185,000	$173,750.00	$532,500.00	
05/01/26	$6,865,000.00	$0	$169,703.13		
11/01/26	$6,865,000.00	$195,000	$169,703.13	$534,406.25	
05/01/27	$6,670,000.00	$0	$165,437.50		
11/01/27	$6,670,000.00	$205,000	$165,437.50	$535,875.00	
05/01/28	$6,465,000.00	$0	$160,953.13		
11/01/28	$6,465,000.00	$215,000	$160,953.13	$536,906.25	
05/01/29	$6,250,000.00	$0	$156,250.00		
11/01/29	$6,250,000.00	$220,000	$156,250.00	$532,500.00	
05/01/30	$6,030,000.00	$0	$150,750.00		
11/01/30	$6,030,000.00	$235,000	$150,750.00	$536,500.00	
05/01/31	$5,795,000.00	$0	$144,875.00		
11/01/31	$5,795,000.00	$245,000	$144,875.00	$534,750.00	
05/01/32	$5,550,000.00	$0	$138,750.00		
11/01/32	$5,550,000.00	$255,000	$138,750.00	$532,500.00	
05/01/33	$5,295,000.00	$0	$132,375.00		
11/01/33	$5,295,000.00	$270,000	$132,375.00	$534,750.00	
05/01/34	$5,025,000.00	$0	$125,625.00		
11/01/34	$5,025,000.00	$285,000	$125,625.00	$536,250.00	
05/01/35	$4,740,000.00	$0	$118,500.00		
11/01/35	$4,740,000.00	$300,000	$118,500.00	$537,000.00	
05/01/36	$4,440,000.00	$0	$111,000.00		
11/01/36	$4,440,000.00	$310,000	$111,000.00	$532,000.00	
05/01/37	$4,130,000.00	$0	$103,250.00		
11/01/37	$4,130,000.00	$330,000	$103,250.00	$536,500.00	
05/01/38	$3,800,000.00	$0	$95,000.00		
11/01/38	$3,800,000.00	$345,000	$95,000.00	$535,000.00	
05/01/39	$3,455,000.00	$0	$86,375.00		
11/01/39	$3,455,000.00	$360,000	$86,375.00	$532,750.00	
05/01/40	$3,095,000.00	$0	$77,375.00		
11/01/40	$3,095,000.00	$380,000	$77,375.00	$534,750.00	
05/01/41	$2,715,000.00	$0	$67,875.00		
11/01/41	$2,715,000.00	$400,000	$67,875.00	$535,750.00	
05/01/42	$2,315,000.00	$0	$57,875.00		
11/01/42	$2,315,000.00	$420,000	$57,875.00	$535,750.00	
05/01/43	$1,895,000.00	$0	$47,375.00		
11/01/43	$1,895,000.00	$440,000	$47,375.00	$534,750.00	
05/01/44	$1,455,000.00	$0	$36,375.00		
11/01/44	$1,455,000.00	$460,000	$36,375.00	$532,750.00	
05/01/45	$995,000.00	$0	$24,875.00		
11/01/45	$995,000.00	$485,000	$24,875.00	$534,750.00	
05/01/46	$510,000.00	$0	$12,750.00		
11/01/46	$510,000.00	$510,000	$12,750.00	$535,500.00	
		$7,400,000	$5,250,968.75	$12,650,968.75	

Reunion West
Community Development District Adopted Budget
Debt Service - Series 2017 Fiscal Year 2024

	Adopted
Budget	Actual
thru	Projected
Next 3	Total
thru	Adopted
Budget	
Description	FY2023	6/30/23	Months	9/30/23	FY2024	

Revenues						
Special Assessments	$503,509	$508,725	$0	$508,725	$503,509	
Interest	$300	$17,879	$4,471	$22,350	$14,750	
Carry Forward Surplus	$399,252	$404,263	$0	$404,263	$435,351	
Total Revenue	$903,061	$930,867	$4,471	$935,338	$953,610	

Expenditures						
Interest Expense 11/01	$173,850	$173,850	$0	$173,850	$171,138	
Principal Expense 11/01	$155,000	$155,000	$0	$155,000	$160,000	
Interest Expense 05/01	$171,138	$171,138	$0	$171,138	$167,738	
Total Expenses	$499,988	$499,988	$0	$499,988	$498,875	
						
Excess Revenues (Expenditures)	$403,074	$430,880	$4,471	$435,351	$454,735	

11/1/2024 Principal	
$165,000	
11/1/2024 Interest 	$167,738 
$332,738

Net Assessments	$503,509	
Add: Discounts & Collections		$32,139 	
Gross Assessments		$535,648 	

Product Type	
Units	Net Annual
Per Unit	Gross
Per Unit	Total
Net Annual	Total
Gross Annual	
Single-Family	248	$2,030	$2,160	$503,509	$535,648	

Reunion West Community Development District
Series 2017 Special Assessment Bonds (Assessment Area 4) Debt Service Schedule (Term Bonds Due Combined)

	AMORTIZATION SCHEDULE		
DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
					
11/01/23	$7,130,000.00	$160,000	$171,137.50	$331,137.50	
05/01/24	$6,970,000.00	$0	$167,737.50		
11/01/24	$6,970,000.00	$165,000	$167,737.50	$500,475.00	
05/01/25	$6,805,000.00	$0	$164,231.25		
11/01/25	$6,805,000.00	$170,000	$164,231.25	$498,462.50	
05/01/26	$6,635,000.00	$0	$160,618.75		
11/01/26	$6,635,000.00	$180,000	$160,618.75	$501,237.50	
05/01/27	$6,455,000.00	$0	$156,793.75		
11/01/27	$6,455,000.00	$185,000	$156,793.75	$498,587.50	
05/01/28	$6,270,000.00	$0	$152,862.50		
11/01/28	$6,270,000.00	$195,000	$152,862.50	$500,725.00	
05/01/29	$6,075,000.00	$0	$148,718.75		
11/01/29	$6,075,000.00	$205,000	$148,718.75	$502,437.50	
05/01/30	$5,870,000.00	$0	$143,850.00		
11/01/30	$5,870,000.00	$210,000	$143,850.00	$497,700.00	
05/01/31	$5,660,000.00	$0	$138,862.50		
11/01/31	$5,660,000.00	$220,000	$138,862.50	$497,725.00	
05/01/32	$5,440,000.00	$0	$133,637.50		
11/01/32	$5,440,000.00	$235,000	$133,637.50	$502,275.00	
05/01/33	$5,205,000.00	$0	$128,056.25		
11/01/33	$5,205,000.00	$245,000	$128,056.25	$501,112.50	
05/01/34	$4,960,000.00	$0	$122,237.50		
11/01/34	$4,960,000.00	$255,000	$122,237.50	$499,475.00	
05/01/35	$4,705,000.00	$0	$116,181.25		
11/01/35	$4,705,000.00	$270,000	$116,181.25	$502,362.50	
05/01/36	$4,435,000.00	$0	$109,768.75		
11/01/36	$4,435,000.00	$280,000	$109,768.75	$499,537.50	
05/01/37	$4,155,000.00	$0	$103,118.75		
11/01/37	$4,155,000.00	$295,000	$103,118.75	$501,237.50	
05/01/38	$3,860,000.00	$0	$96,112.50		
11/01/38	$3,860,000.00	$310,000	$96,112.50	$502,225.00	
05/01/39	$3,550,000.00	$0	$88,750.00		
11/01/39	$3,550,000.00	$325,000	$88,750.00	$502,500.00	
05/01/40	$3,225,000.00	$0	$80,625.00		
11/01/40	$3,225,000.00	$340,000	$80,625.00	$501,250.00	
05/01/41	$2,885,000.00	$0	$72,125.00		
11/01/41	$2,885,000.00	$355,000	$72,125.00	$499,250.00	
05/01/42	$2,530,000.00	$0	$63,250.00		
11/01/42	$2,530,000.00	$375,000	$63,250.00	$501,500.00	
05/01/43	$2,155,000.00	$0	$53,875.00		
11/01/43	$2,155,000.00	$390,000	$53,875.00	$497,750.00	
05/01/44	$1,765,000.00	$0	$44,125.00		
11/01/44	$1,765,000.00	$410,000	$44,125.00	$498,250.00	
05/01/45	$1,355,000.00	$0	$33,875.00		
11/01/45	$1,355,000.00	$430,000	$33,875.00	$497,750.00	
05/01/46	$925,000.00	$0	$23,125.00		
11/01/46	$925,000.00	$455,000	$23,125.00	$501,250.00	
05/01/47	$470,000.00	$0	$11,750.00		
11/01/47	$470,000.00	$470,000	$11,750.00	$493,500.00	
		$7,130,000	$5,199,712.50	$12,329,712.50	

Reunion West
Community Development District Adopted Budget
Debt Service - Series 2019 Fiscal Year 2024

	Adopted
Budget	Actual
thru	Projected
Next 3	Total
thru	Adopted
Budget	
Description	FY2023	6/30/23	Months	9/30/23	FY2024	

Revenues						
Special Assessments	$438,505	$443,045	$0	$443,045	$438,505	
Interest	$300	$16,461	$4,114	$20,575	$13,580	
Carry Forward Surplus	$182,601	$186,447	$0	$186,447	$207,515	
Total Revenue	$621,406	$645,953	$4,114	$650,067	$659,600	

Expenditures						
Interest Expense 11/01	$153,150	$153,150	$0	$153,150	$153,150	
Principal Expense 05/01	$130,000	$130,000	$0	$130,000	$130,000	
Interest Expense 05/01	$153,150	$153,150	$0	$153,150	$153,150	
Transfer Out	$0	$6,252	$0	$6,252	$0	
Total Expenses	$436,300	$442,552	$0	$442,552	$436,300	
						
Excess Revenues (Expenditures)	$185,106	$203,401	$4,114	$207,515	$223,300	

11/1/2024 Interest 	$150,713 
$150,713

Net Assessments	$438,505	
Add: Discounts & Collections		$27,990 	
Gross Assessments		$466,494 	

Product Type	
Units	Net Annual
Per Unit	Gross
Per Unit	Total
Net Annual	Total
Gross Annual	
Single-Family	174	$2,030	$2,160	$353,268	$375,817	
Townhomes	56	$1,522	$1,619	$85,236	$90,677	
Total	230			$438,505	$466,494	

Reunion West Community Development District
Series 2019 Special Assessment Bonds
Debt Service Schedule (Term Bonds Due Combined)

	AMORTIZATION SCHEDULE		
DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
					
11/01/22	$6,850,000.00	$0	$153,150.00	$153,150.00	
05/01/23	$6,850,000.00	$130,000	$153,150.00	$0.00	
11/01/23	$6,720,000.00	$0	$150,712.50	$433,862.50	
05/01/24	$6,720,000.00	$135,000	$150,712.50	$0.00	
11/01/24	$6,585,000.00	$0	$148,181.25	$433,893.75	
05/01/25	$6,585,000.00	$140,000	$148,181.25	$0.00	
11/01/25	$6,445,000.00	$0	$145,381.25	$433,562.50	
05/01/26	$6,445,000.00	$145,000	$145,381.25	$0.00	
11/01/26	$6,300,000.00	$0	$142,481.25	$432,862.50	
05/01/27	$6,300,000.00	$150,000	$142,481.25	$0.00	
11/01/27	$6,150,000.00	$0	$139,481.25	$431,962.50	
05/01/28	$6,150,000.00	$155,000	$139,481.25	$0.00	
11/01/28	$5,995,000.00	$0	$136,381.25	$430,862.50	
05/01/29	$5,995,000.00	$165,000	$136,381.25	$0.00	
11/01/29	$5,830,000.00	$0	$133,081.25	$434,462.50	
05/01/30	$5,830,000.00	$170,000	$133,081.25	$0.00	
11/01/30	$5,660,000.00	$0	$129,681.25	$432,762.50	
05/01/31	$5,660,000.00	$180,000	$129,681.25	$0.00	
11/01/31	$5,480,000.00	$0	$125,631.25	$435,312.50	
05/01/32	$5,480,000.00	$185,000	$125,631.25	$0.00	
11/01/32	$5,295,000.00	$0	$121,468.75	$432,100.00	
05/01/33	$5,295,000.00	$195,000	$121,468.75	$0.00	
11/01/33	$5,100,000.00	$0	$117,081.25	$433,550.00	
05/01/34	$5,100,000.00	$205,000	$117,081.25	$0.00	
11/01/34	$4,895,000.00	$0	$112,468.75	$434,550.00	
05/01/35	$4,895,000.00	$210,000	$112,468.75	$0.00	
11/01/35	$4,685,000.00	$0	$107,743.75	$430,212.50	
05/01/36	$4,685,000.00	$220,000	$107,743.75	$0.00	
11/01/36	$4,465,000.00	$0	$102,793.75	$430,537.50	
05/01/37	$4,465,000.00	$235,000	$102,793.75	$0.00	
11/01/37	$4,230,000.00	$0	$97,506.25	$435,300.00	
05/01/38	$4,230,000.00	$245,000	$97,506.25	$0.00	
11/01/38	$3,985,000.00	$0	$91,993.75	$434,500.00	
05/01/39	$3,985,000.00	$255,000	$91,993.75	$0.00	
11/01/39	$3,730,000.00	$0	$86,256.25	$433,250.00	
05/01/40	$3,730,000.00	$265,000	$86,256.25	$0.00	
11/01/40	$3,465,000.00	$0	$80,128.13	$431,384.38	
05/01/41	$3,465,000.00	$280,000	$80,128.13	$0.00	
11/01/41	$3,185,000.00	$0	$73,653.13	$433,781.25	
05/01/42	$3,185,000.00	$290,000	$73,653.13	$0.00	
11/01/42	$2,895,000.00	$0	$66,946.88	$430,600.00	
05/01/43	$2,895,000.00	$305,000	$66,946.88	$0.00	
11/01/43	$2,590,000.00	$0	$59,893.75	$431,840.63	
05/01/44	$2,590,000.00	$320,000	$59,893.75	$0.00	
11/01/44	$2,270,000.00	$0	$52,493.75	$432,387.50	
05/01/45	$2,270,000.00	$335,000	$52,493.75	$0.00	
11/01/45	$1,935,000.00	$0	$44,746.88	$432,240.63	
05/01/46	$1,935,000.00	$350,000	$44,746.88	$0.00	
11/01/46	$1,585,000.00	$0	$36,653.13	$431,400.00	
05/01/47	$1,585,000.00	$370,000	$36,653.13	$0.00	
11/01/47	$1,215,000.00	$0	$28,096.88	$434,750.00	
05/01/48	$1,215,000.00	$385,000	$28,096.88	$0.00	
11/01/48	$830,000.00	$0	$19,193.75	$432,290.63	
05/01/49	$830,000.00	$405,000	$19,193.75	$0.00	
11/01/49	$425,000.00	$0	$9,828.13	$434,021.88	
05/01/50	$425,000.00	$425,000	$9,828.13	$434,828.13	
		$6,850,000	$5,426,218.75	$12,276,218.75	

Adopted Budget
Debt Service - Series 2022 Fiscal Year 2024

	Proposed
Budget	Actual
thru	Projected
Next 3	Total
thru	Adopted
Budget	
Description	FY2023	6/30/23	Months	9/30/23	FY2024	

Revenues						
Special Assessments	$1,039,749	$1,046,172	$0	$1,046,172	$1,071,322	
Interest	$250	$23,834	$5,956	$29,790	$19,660	
Transfer In	$0	$10,811	$0	$10,811	$0	
Carry Forward Surplus	$321,018	$322,545	$0	$322,545	$289,131	
Total Revenue	$1,361,017	$1,403,361	$5,956	$1,409,317	$1,380,112	

Expenditures						
Interest Expense 11/01	$252,587	$252,587	$0	$252,587	$167,250	
Principal Expense 05/01	$690,000	$690,000	$0	$690,000	$710,000	
Interest Expense 05/01	$177,600	$177,600	$0	$177,600	$167,250	
Total Expenses	$1,120,187	$1,120,187	$0	$1,120,187	$1,044,500	
						
Excess Revenues (Expenditures)	$240,830	$283,175	$5,956	$289,131	$335,612	

11/1/2024 Interest 	$156,600 
$156,600

Net Assessments	$1,071,322	
Add: Discounts & Collections		$68,382 	
Gross Assessments		$1,139,704 	

Product Type	
Units	Net Annual
Per Unit	Gross
Per Unit	Total
Net Annual	Total
Gross Annual	
Single-Family	734	$1,435	$1,527	$1,053,383	$1,120,620	
Golf Course	1	$17,939	$19,084	$17,939	$19,084	
Total	735			$1,071,322	$1,139,704	

Series 2022 Special Assessment Refunding Bonds Debt Service Schedule
AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
						
11/01/23	$11,150,000.00	3.000%	$0	$167,250.00	$167,250.00	
05/01/24	$11,150,000.00	3.000%	$710,000	$167,250.00		
11/01/24	$10,440,000.00	3.000%	$0	$156,600.00	$1,033,850.00	
05/01/25	$10,440,000.00	3.000%	$735,000	$156,600.00		
11/01/25	$9,705,000.00	3.000%	$0	$145,575.00	$1,037,175.00	
05/01/26	$9,705,000.00	3.000%	$760,000	$145,575.00		
11/01/26	$8,945,000.00	3.000%	$0	$134,175.00	$1,039,750.00	
05/01/27	$8,945,000.00	3.000%	$780,000	$134,175.00		
11/01/27	$8,165,000.00	3.000%	$0	$122,475.00	$1,036,650.00	
05/01/28	$8,165,000.00	3.000%	$805,000	$122,475.00		
11/01/28	$7,360,000.00	3.000%	$0	$110,400.00	$1,037,875.00	
05/01/29	$7,360,000.00	3.000%	$825,000	$110,400.00		
11/01/29	$6,535,000.00	3.000%	$0	$98,025.00	$1,033,425.00	
05/01/30	$6,535,000.00	3.000%	$855,000	$98,025.00		
11/01/30	$5,680,000.00	3.000%	$0	$85,200.00	$1,038,225.00	
05/01/31	$5,680,000.00	3.000%	$875,000	$85,200.00		
11/01/31	$4,805,000.00	3.000%	$0	$72,075.00	$1,032,275.00	
05/01/32	$4,805,000.00	3.000%	$905,000	$72,075.00		
11/01/32	$3,900,000.00	3.000%	$0	$58,500.00	$1,035,575.00	
05/01/33	$3,900,000.00	3.000%	$930,000	$58,500.00		
11/01/33	$2,970,000.00	3.000%	$0	$44,550.00	$1,033,050.00	
05/01/34	$2,970,000.00	3.000%	$960,000	$44,550.00		
11/01/34	$2,010,000.00	3.000%	$0	$30,150.00	$1,034,700.00	
05/01/35	$2,010,000.00	3.000%	$990,000	$30,150.00		
11/01/35	$1,020,000.00	3.000%	$0	$15,300.00	$1,035,450.00	
05/01/36	$1,020,000.00	3.000%	$1,020,000	$15,300.00	$1,035,300.00	
			$11,150,000	$2,480,550.00	$13,630,550.00