Indigo
Community  Development  District

Adopted Budget FY2025

Table of Contents

1-4	General Fund	

5-13	

General Fund Narrative	

14	

Debt Service Fund 1999A	

15	

Amortization Schedule Series 1999A	

16	

Debt Service Fund Series 1999C	

17	

Debt Service Fund Series 2005	

18	

Debt Service Fund Series 2021	

19	

Amortization Schedule Series 2021	

20	

Debt Service Fund Series 2024	

21	

Amortization Schedule Series 2024	

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues:		
Special Assessments	$	802,532	$	818,392	$	-	$	818,392	$	1,618,248	
Interest	$	35,000	$	46,296	$	10,504	$	56,800	$	21,500	
I-95 City of Daytona Funding	$	8,775	$	-	$	8,775	$	8,775	$	8,775	
Carry Forward Surplus	$	552,893	$	-	$	-	$	-	$	-	
Total Revenues	$	1,399,200	$	864,688	$	19,279	$	883,967	$	1,648,523	

Expenditures:						
Administrative:						
Supervisor Fees	$	12,000	$	4,600	$	3,000	$	7,600	$	12,000	
FICA Expense	$	918	$	352	$	230	$	581	$	918	
Engineering Fees	$	5,000	$	9,860	$	2,640	$	12,500	$	15,000	
Attorney	$	32,000	$	23,314	$	7,601	$	30,915	$	28,000	
Arbitrage	$	1,800	$	1,350	$	450	$	1,800	$	2,250	
Dissemination	$	6,600	$	4,950	$	2,275	$	7,225	$	10,496	
Annual Audit	$	4,515	$	-	$	4,515	$	4,515	$	6,310	
Trustee Fees	$	8,500	$	8,130	$	-	$	8,130	$	12,750	
Assessment Administration	$	20,000	$	20,000	$	-	$	20,000	$	21,200	
Management Fees	$	62,885	$	47,164	$	15,721	$	62,885	$	66,658	
Information Technology	$	2,800	$	2,100	$	700	$	2,800	$	2,800	
Website Maintenance	$	1,200	$	900	$	300	$	1,200	$	1,200	
Telephone	$	300	$	105	$	85	$	190	$	300	
Postage	$	1,000	$	1,488	$	242	$	1,730	$	1,000	
Printing & Binding	$	1,750	$	1,866	$	364	$	2,230	$	1,750	
Insurance	$	31,996	$	30,086	$	-	$	30,086	$	33,725	
Legal Advertising	$	2,500	$	2,099	$	401	$	2,500	$	2,500	
Other Current Charges	$	2,000	$	1,736	$	626	$	2,362	$	2,600	
Office Supplies	$	350	$	786	$	44	$	830	$	350	
Office Expense	$	6,000	$	4,500	$	1,500	$	6,000	$	6,000	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative:	$	204,289	$	165,560	$	40,694	$	206,254	$	227,982	

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2024	6/30/24	3 Months	9/30/24	FY2025	

Operations & Maintenance I-95		
Electric	$	27,000	$	2,847	$	253	$	3,100	$	27,000	
Landscape Maintenance	$	55,566	$	38,538	$	12,654	$	51,192	$	50,616	
Landscape Contingency	$	11,600	$	15,800	$	-	$	15,800	$	3,500	
Plant Replacement & Annuals	$	8,000	$	-	$	8,000	$	8,000	$	8,000	
Lake Maintenance	$	6,067	$	4,465	$	1,365	$	5,830	$	6,413	
Irrigation Repairs	$	20,000	$	1,964	$	3,036	$	5,000	$	20,000	
Repairs & Maintenance	$	9,845	$	2,258	$	2,742	$	5,000	$	9,845	
Contingency	$	2,461	$	1,846	$	615	$	2,461	$	2,461	
Total Operations & Maintenance I-95:	$	140,539	$	67,718	$	28,665	$	96,383	$	127,835	
Operations & Maintenance Community Wide						
On-Site Manager	$	33,390	$	23,850	$	7,950	$	31,800	$	33,390	
Electric	$	40,000	$	24,648	$	8,980	$	33,628	$	40,000	
Landscape Maintenance	$	486,957	$	369,060	$	126,559	$	495,619	$	541,122	
Landscape Contingency	$	30,000	$	80,470	$	2,500	$	82,970	$	30,000	
Fertilizer/Pest Control	$	38,000	$	-	$	25,667	$	25,667	$	38,000	
Plant Replacement & Annuals	$	35,000	$	29,041	$	5,959	$	35,000	$	35,000	
Sod Replacement	$	28,000	$	-	$	28,512	$	28,512	$	28,512	
Lake Maintenance	$	42,281	$	49,792	$	16,639	$	66,431	$	92,552	
Fountain Maintenance	$	18,000	$	21,829	$	1,500	$	23,329	$	18,000	
Irrigation Repairs	$	35,000	$	20,073	$	8,002	$	28,075	$	35,000	
Repairs & Maintenance	$	39,800	$	12,086	$	3,119	$	15,205	$	39,800	
Contingency	$	16,158	$	17,872	$	1,025	$	18,897	$	16,158	
Conservation Easement Maintenance	$	52,735	$	42,798	$	12,556	$	55,354	$	55,224	
Tree Trimming	$	47,628	$	27,111	$	7,473	$	34,584	$	34,892	
Pressure Washing	$	10,000	$	-	$	5,000	$	5,000	$	10,000	
The Preserve at LPGA
Landscape Maintenance	
$	101,424	
$	77,117	
$	25,676	
$	102,793	
$	172,576	
Plant Replacement & Annuals	$	-	$	1,395	$	-	$	1,395	$	2,500	
Lake Maintenance	$	-	$	-	$	-	$	-	$	65,780	
Fountain Maintenance	$	-	$	800	$	400	$	1,200	$	1,200	
Irrigation Repairs	$	-	$	838	$	502	$	1,340	$	2,500	
Contingency	$	-	$	255	$	-	$	255	$	500	
Total Operations & Maintenance Community Wide:	$	1,054,373	$	799,034	$	288,018	$	1,087,053	$	1,292,706	
						
Total Expenditures	$	1,399,200	$	1,032,312	$	357,377	$	1,389,689	$	1,648,523	
						
Excess Revenues (Expenditures)	$	-	$	(167,624)	$	(338,098)	$	(505,722)	$	-	

Net Assessment	$	1,618,248	
Collection Cost (6%)	$103,292	
Gross Assessment	$1,721,540	

Assessment Chart

Development Type	

Total Units	

ERU	

Total ERUS	

FY25 O&M
Total Net	

FY25 Per
Unit Net	

FY25 Per
Unit Gross	
North Section						
Residential Single Family	1,017	1.00	1,017.00	449,861.31	442.34	470.56	
Apartments	311	0.80	248.80	110,054.57	353.87	376.45	
Commercial - ((5) Assessment Units Per Acre)	29.22	5.00	146.10	64,626.09	2,211.71	2,352.81	
Commerical - Undeveloped Square Feet	9.95	1.00	9.95	4,401.30	442.34	470.56	
Active Adult	0		-	-	-	-	
Golf	17.85	1.00	17.85	7,895.80	442.34	470.56	
Other - Resort/Golf	61.10	1.00	61.10	27,027.07	442.34	470.56	
	
			-				
Total North	1,446.12		1,500.80	663,866.13			
South Section						
Residential Single Family	1,201	1.00	1,201.00	531,252.15	442.34	470.56	
Residential Single Family	881	0.27	237.87	105,219.77	119.43	127.05	
Residential Multi-Family	0	1.00	-	-	-	-	
Commerical (Sq. Ft./2000)(Undeveloped)	11	0.27	2.97	1,313.75	119.43	127.05	
Active Adult	0		-	-	-	-	
UTC, CCR (Sq. Ft./2000)(Undeveloped)	609.05	0.27	164.44	72,740.19	119.43	127.05	
Preserve Addl	
			-	243,856.00 	517.74	550.77	
Total South	2,702.05		1,606.28	954,381.87			
Total District	4,148.17		3,107.08	1,618,248.00			

Exhibit "A"
Allocation of Operating Reserves
Estimated Funds Available

Beginning Fund Balance - Fiscal Year 2024	$1,194,706
Estimated Excess/(Deficit) - Fiscal Year 2024	($505,722)
Total Estimated Funds Available - 9/30/2024	$688,984

Allocation of Funds Available

Operating Reserve - First Quarter Operating Capital	$412,131 Assigned Fund Balance		$0
Unassigned Fund Balance	$276,853

Total Allocation of Funds	$688,984

Total Undesignated Cash	$0

Represents carry forward balance per audited financial report
Assumes no further assessments will be collected
Represents initial operating expenditures

REVENUES:

Special Assessments
The District will levy a Non-Ad Valorem Assessment on all taxable property within the Indigo Community Development District in order to pay for operating & maintenance expenditures for the fiscal year.

Interest
The District will have operating funds invested with the US Bank throughout the fiscal year.

I-95 City of Daytona Funding
Represents mowing cost reimbursement from the City of Daytona for 27 cuts at the I-95 interchange per interlocal agreement.

EXPENDITURES:
Administrative:

Supervisors Fees
The amount paid to each supervisor for the time devoted to District business and meetings is determined by Chapter 190, Florida Statutes, at $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings. The amount is based on payment to 5 Supervisors for attending 12 Board meetings during the fiscal year.

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

Engineering Fees

The District's engineer, Singhofen & Associates, Inc., will be providing general engineering services to the District, i.e., attendance and preparation for monthly meetings, reviewing invoices, annual engineer’s report and various projects assigned as directed by the Board of Supervisors.

Attorney
The District's attorney, Kutak Rock LLP, will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, reviewing contracts, agreements, resolutions, etc. Included as a separate line item is the estimated portion of foreclosure costs related primarily to non-payment of assessments on undeveloped lands in the “South” area of the District. Approximately 75% of the costs will be funded by bond funds.

Arbitrage

The District has a contract to annually calculate the District’s Arbitrage Rebate Liability on the Series 1999A, 1999C, 2005, 2021 & 2024 Capital Improvement Revenue Bonds. The amount is based on the current contract with AMTEC.

Dissemination
The District is required by the Security and Exchange Commission to comply with Rule 15c2- 12(b)(5), which relates to additional reporting requirements for unrelated bond issues. The District has contracted with Governmental Management Services, LLC to provide this service and the amount is based on the contracted amount.

Annual Audit
The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District has contracted with Berger, Toombs, Elam, Gaines and Frank for this service.

Trustee Fees

The District's Series 1999A, 1999C, 2005, 2021 & 2024 Capital Improvement Revenue Bonds are held with a Trustee at US Bank. Series 1999A, 2021 & 2024 bonds are processed through general fund as the default Series 1999C and 2005 are processed through debt service funds.

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

The District has contracted with Governmental Management Services, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc. Included as a separate line item is the estimated portion of foreclosure costs related primarily to non- payment of assessments on undeveloped lands.
Information Technology

The District has contracted with Governmental Management Services, LLC for cost related to District’s information systems, which include but are not limited to video conferencing services, cloud storage services 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, 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 meeting agendas, overnight deliveries, checks for vendors, and any other required correspondence.
Printing & Binding

Printing and binding agenda packages for board meetings, printing of computerized checks, correspondence, stationary, etc.

Insurance
The District currently has a General Liability/Errors & Omissions and Property Insurance Policy with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage for Governmental Agencies.

Legal Advertising

Advertising of monthly board meetings, public hearings, and any services that are required to be advertised for public bidding, i.e. audit services, engineering service, maintenance contracts and any other advertising that may be required.

Other Current Charges
Bank charges and any other miscellaneous charges that the District may incur.
Office Supplies

The District incurs charges for any supplies that may need to be purchased during the fiscal year, i.e., paper, minute books, file folders, labels, paper clips, etc.
Office Expense

The District has leased space from the Solaris Management Inc. for housing of the District maps and records along with space for field operations management. This lease is on an annual basis.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Department of Commerce for $175. This is the only anticipated expenditure for this category.

Operations & Maintenance: Operating Expense I-95
Electric

The District currently has electric accounts with Florida Power & Light. Based on prior years- average monthly electric bills.

Description	Monthly	Annually	
LPGA Blvd # NEC I-95 # Pump	$1,250	$15,000	
LPGA Blvd # NEC I-95 # Fountain	$900	$10,800	
Contingency		$1,200	
Total		$27,000	
Landscape Maintenance

The District has contracted with Team Rountree, Inc. to maintain the common areas of the District.

Description	Monthly	Annually	
Landscape Maintenance - I-95	$4,218	$50,616	
Total		$50,616	

Landscape Contingency
Represents estimated costs for any additional landscape expenses not covered under the monthly landscape maintenance contract.
Plant Replacement & Annuals

Amounts based upon historic expenditures in this category and the total number of plants currently in place. The District also has a contract to install a specific number of annuals plus any contingencies.

Lake Maintenance

The District has contracted with Solitude Lake Management to maintain the lakes within the District.

Description	Monthly	Annually	
Inspections with Treatment - I-95
Semi-Annual Fountain/Aeration Maintenance Contingency	$455	$5,460
$766
$187	
Total	$6,413	
Irrigation Repairs & Maintenance

Any irrigation repairs and maintenance expenditures that the District may occur during the fiscal year.

Repairs & Maintenance
Reflects expenditures related to the entrance lighting, fountains and any other miscellaneous maintenance repairs.
Contingency

Any miscellaneous maintenance expenditures that the District may incur during the fiscal year.
Operating Expense Community Wide

On-Site Manager
The District has contracted with Solaris Management Inc. for field management services.

Description	Monthly	Annually	
Field Management Services	$2,650	$31,800	
Contingency		$1,590	
Total		$33,390	

Electric

The District currently has electric accounts with Florida Power & Light. Based on prior years- average monthly electric bills.

Description	Monthly	Annually	
Decorative Lighting # Grand Champion	$725	$8,700	
1 Champions Dr # Entrance	$255	$3,060	
230 Champions Dr	$135	$1,620	
579 Champions Dr # Site Lights	$135	$1,620	
654 Champions Dr # Site Lights	$80	$960	
795 Champions Dr # Site Lights	$85	$1,020	
937 Champions Dr # Site Lights	$80	$960	
977 Champions Dr # Site Lights	$130	$1,560	
10 Champion Ridge Dr # Fountain	$650	$7,800	
105 Grand Champion Blvd # Sign	$225	$2,700	
106 Glen Eagle Grand Dr # Irrigation	$30	$360	
100 International Golf Dr # Lights	$250	$3,000	
399 International Golf Dr # Site Lights	$85	$1,020	
248 Tournament Dr # Site Lights	$55	$660	
360 Tournament Dr # Irrigation Pump	$85	$1,020	
499 Tournament Dr # Entrance	$100	$1,200	
Contingency		$2,740	
Total		$40,000	

Landscape Maintenance
The District has contracted with Team Rountree, Inc. to maintain the common areas of the District.

Description	Monthly	Annually	
Landscape Maintenance - Community Wide	$45,094	$541,122	
Total		$541,122	

Landscape Contingency

Represents estimated costs for any additional landscape expenses not covered under the monthly landscape maintenance contract.
Fertilizer/Pest Control

Represents estimated costs for a special sod treatment and pest control.
Plant Replacement & Annuals
Amounts based upon historic expenditures in this category and the total number of plants currently in place. The District also has a contract to install a specific number of annuals plus any contingencies.

Sod Replacement

Represents estimated costs to replace sod within the Community Wide areas (North & South).
Lake Maintenance

The District has contracted with Solitude Lake Management to maintain the lakes within the District.

Description	Monthly	Annually	
Inspections with Treatment - North & South	$5,546	$66,556	
Additional Ponds	$2,000	$24,000	
Contingency		$1,997	
Total		$92,552	

Fountain Maintenance

Represents estimated costs for repairs and maintenance of District fountains.
Irrigation Repairs
Any irrigation repairs and maintenance expenditures that the District may occur during the fiscal year.

Repairs & Maintenance
Reflects expenditures related to the entrance lighting, and any other miscellaneous maintenance repairs.
Contingency

Any miscellaneous maintenance expenditures that the District may incur during the fiscal year.
Conservation Easement Maintenance

The District is obligated to maintain approximately 137 acres as a Gopher Tortoise Habitat Area in accordance with the Habitat Management Plan prescribed by the Florida Game and Freshwater Fish Commission.

Description	Monthly	Annually	
Conservation Easement Maintenance Underbrush Contingency	$4,185	$50,224
$5,000	
Total	$55,224	

Tree Trimming

Contract for trimming of District “Street Trees” abutting roadways.

Description	Monthly	Annually	
Tree Trimming	$2,491	$29,892	
Contingency		$5,000	
Total		$34,892	
Pressure Washing

Estimated cost to pressure wash are areas within the District as needed.
The Preserve at LPGA

Landscape Maintenance
The District will contract to maintain Phase A and Phase B areas within the Preserve.

Description	Monthly	Annually	
Landscape Maintenance - The Preserve at LPGA	$14,381	$172,576	
Total		$172,576	

Plant Replacement & Annuals

Represents estimate cost to replace plants and install annauls within The Preserve at LPGA.
Lake Maintenance
The District will contract to maintain the Beemats Phase A starting in FY2025.

Description	Monthly	Annually	
Lake Maintenance - Phase A	$5,482	$65,780	
Total		$65,780	

Irrigation Repairs
Any irrigation repairs and maintenance expenditures that the District may occur during the fiscal year for areas within The Preserve at LPGA.
Irrigation Repairs

Any fountain repairs and maintenance expenditures that the District may occur during the fiscal year for areas within The Preserve at LPGA.

Contingency

Any miscellaneous maintenance expenditures that the District may incur during the fiscal year for areas within The Preserve at LPGA.

Community Development District Adopted Budget
FY2025
Debt Service Fund Series 1999A

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues:		
Special Assessments	$	72,750	$	71,241	$	1,250	$	72,492	$	72,750	
Interest	$	2,900	$	6,203	$	1,725	$	7,928	$	5,000	
Carry Forward Surplus	$	49,809	$	49,994	$	-	$	49,994	$	59,964	
Total Revenues	$	125,459	$	127,439	$	2,975	$	130,414	$	137,714	

Expenditures:						
Series 1999A
Interest - 11/01	

$	15,225	

$	15,225	

$	-	

$	15,225	

$	13,825	
Principal - 05/01	$	40,000	$	40,000	$	-	$	40,000	$	45,000	
Interest - 05/01	$	15,225	$	15,225	$	-	$	15,225	$	13,825	
Total Expenditures	$	70,450	$	70,450	$	-	$	70,450	$	72,650	
						
Excess Revenues (Expenditures)	$	55,009	$	56,989	$	2,975	$	59,964	$	65,064	

Interest - 11/1/2025	$12,250	
Total	$12,250	

Net Assessment	
$72,750	
Collection Cost (6%)	$4,644	
Gross Assessment	$77,394	

Indigo
Community Development District Series 1999A, Capital Improvement Bonds
Amortization Schedule

Date

Balance

Rate

Principal

Interest

Annual

11/1/24	$	395,000	7.00%	$	-	$	13,825	$	69,050	
5/1/25	$	395,000	7.00%	$	45,000	$	13,825	$	-	
11/1/25	$	350,000	7.00%	$	-	$	12,250	$	71,075	
5/1/26	$	350,000	7.00%	$	50,000	$	12,250	$	-	
11/1/26	$	300,000	7.00%	$	-	$	10,500	$	72,750	
5/1/27	$	300,000	7.00%	$	50,000	$	10,500	$	-	
11/1/27	$	250,000	7.00%	$	-	$	8,750	$	69,250	
5/1/28	$	250,000	7.00%	$	55,000	$	8,750	$	-	
11/1/28	$	195,000	7.00%	$	-	$	6,825	$	70,575	
5/1/29	$	195,000	7.00%	$	60,000	$	6,825	$	-	
11/1/29	$	135,000	7.00%	$	-	$	4,725	$	71,550	
5/1/30	$	135,000	7.00%	$	65,000	$	4,725	$	-	
11/1/30	$	70,000	7.00%	$	-	$	2,450	$	72,175	
5/1/31	$	70,000	7.00%	$	70,000	$	2,450	$	72,450	

Totals	$	395,000	$	118,650	
$	513,650	

FY2025
Debt Service Fund Series 1999C

	Adopted
Budget	Adopted
Budget	
	FY2024	FY2025	
Revenues:			
Special Assessments	$	377,662	$	377,662	
Interest	$	25,000	$	25,000	
Other Income Source	$	524,988	$	520,263	
Total Revenues	$	927,650	$	922,925	

Expenditures:			
Series 1999C
Debt Service Obligation	

$	927,650	

$	922,925	
Total Expenditures	$	927,650	$	922,925	
			
Excess Revenues (Expenditures)	$	-	$	-	

Interest - 11/1/2025	

$158,725	
	Total	$158,725	
	
Net Assessment	
$377,662	
	Collection Cost (6%)	$24,106	
	Gross Assessment	$401,768	

FY2025
Debt Service Fund Series 2005

	Adopted
Budget	Adopted
Budget	
	FY2024	FY2025	
Revenues:			
Special Assessments	$	335,228	$	335,228	
Interest	$	2,500	$	2,500	
Total Revenues	$	337,728	$	337,728	

Expenditures:			
Series 2005
Debt Service Obligation	

$	156,975	

$	156,975	
Total Expenditures	$	156,975	$	156,975	
			
Excess Revenues (Expenditures)	$	180,753	$	180,753	

Interest - 11/1/2025	

$142,025	
	Total	$142,025	
	
Net Assessment	
$335,228	
	Collection Cost (6%)	$21,398	
	Gross Assessment	$356,626	

Community Development District Adopted Budget
FY2025
Debt Service Fund Series 2021

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues:		
Special Assessments	$	156,614	$	157,691	$	-	$	157,691	$	156,614	
Interest	$	3,350	$	6,994	$	1,650	$	8,644	$	6,000	
Carry Forward Surplus	$	52,326	$	52,401	$	-	$	52,401	$	59,691	
Total Revenues	$	212,290	$	217,086	$	1,650	$	218,736	$	222,305	

Expenditures:						
Series 2021
Interest - 11/01	

$	47,484	

$	47,484	

$	-	

$	47,484	

$	46,824	
Principal - 05/01	$	60,000	$	60,000	$	-	$	60,000	$	60,000	
Interest - 05/01	$	47,484	$	47,484	$	-	$	47,484	$	46,824	
Total Expenditures	$	154,969	$	154,969	$	-	$	154,969	$	153,649	

Other Sources/(Uses)						
Transfer In/(Out)	$	-	$	(3,101)	$	(975)	$	(4,076)	$	(3,000)	
Total Other Financing Sources (Uses)	$	-	$	(3,101)	$	(975)	$	(4,076)	$	(3,000)	
						
Excess Revenues (Expenditures)	$	57,321	$	59,016	$	675	$	59,691	$	65,657	

Interest - 11/1/2025	

$46,164	
Total	$46,164	

Net Assessment	
$156,614	
Collection Cost (6%)	$9,997	
Gross Assessment	$166,611	

		

		

		

		

		

		

		

		
5/1/52	$	150,000	$	150,000	$	3,000.00	$	153,000.00	
Totals		$	2,695,000	$  1,678,422.50	$  4,373,422.50	

Series 2021, Capital Improvement Revenue Bonds (Term Bonds Combined)

Amortization Schedule

Date	Balance	Principal	Interest	Annual

11/1/24	$  2,695,000	$	-	$	46,824.38	$	154,308.75	
5/1/25	$  2,695,000	$	60,000	$	46,824.38	$	-	
11/1/25	$  2,635,000	$	-	$	46,164.38	$	152,988.75	
5/1/26	$  2,635,000	$	65,000	$	46,164.38	$	-	
11/1/26	$  2,570,000	$	-	$	45,449.38	$	156,613.75	
5/1/27	$  2,570,000	$	65,000	$	45,449.38	$	-	
11/1/27	$  2,505,000	$	-	$	44,571.88	$	155,021.25	
5/1/28	$  2,505,000	$	65,000	$	44,571.88	$	-	
11/1/28	$  2,440,000	$	-	$	43,694.38	$	153,266.25	
5/1/29	$  2,440,000	$	70,000	$	43,694.38	$	-	
11/1/29	$  2,370,000	$	-	$	42,749.38	$	156,443.75	
5/1/30	$  2,370,000	$	70,000	$	42,749.38	$	-	
11/1/30	$  2,300,000	$	-	$	41,804.38	$	154,553.75	
5/1/31	$  2,300,000	$	70,000	$	41,804.38	$	-	
11/1/31	$  2,230,000	$	-	$	40,859.38	$	152,663.75	
5/1/32	$  2,230,000	$	75,000	$	40,859.38	$	-	
11/1/32	$  2,155,000	$	-	$	39,687.50	$	155,546.88	
5/1/33	$  2,155,000	$	75,000	$	39,687.50	$	-	
11/1/33	$  2,080,000	$	-	$	38,515.63	$	153,203.13	
5/1/34	$  2,080,000	$	80,000	$	38,515.63	$	-	
11/1/34	$  2,000,000	$	-	$	37,265.63	$	155,781.25	
5/1/35	$  2,000,000	$	80,000	$	37,265.63	$	-	
11/1/35	$  1,920,000	$	-	$	36,015.63	$	153,281.25	
5/1/36	$  1,920,000	$	85,000	$	36,015.63	$	-	
11/1/36	$  1,835,000	$	-	$	34,687.50	$	155,703.13	
5/1/37	$  1,835,000	$	85,000	$	34,687.50	$	-	
11/1/37	$  1,750,000	$	-	$	33,359.38	$	153,046.88	
5/1/38	$  1,750,000	$	90,000	$	33,359.38	$	-	
11/1/38	$  1,660,000	$	-	$	31,953.13	$	155,312.50	
5/1/39	$  1,660,000	$	90,000	$	31,953.13	$	-	
11/1/39	$  1,570,000	$	-	$	30,546.88	$	152,500.00	
5/1/40	$  1,570,000	$	95,000	$	30,546.88	$	-	
11/1/40	$  1,475,000	$	-	$	29,062.50	$	154,609.38	
5/1/41	$  1,475,000	$	100,000	$	29,062.50	$	-	
11/1/41	$  1,375,000	$	-	$	27,500.00	$	156,562.50	
5/1/42	$  1,375,000	$	100,000	$	27,500.00	$	-	
11/1/42	$  1,275,000	$	-	$	25,500.00	$	153,000.00	
5/1/43	$  1,275,000	$	105,000	$	25,500.00	$	-	
11/1/43	$  1,170,000	$	-	$	23,400.00	$	153,900.00	
5/1/44	$  1,170,000	$	110,000	$	23,400.00	$	-	
11/1/44	$  1,060,000	$	-	$	21,200.00	$	154,600.00	
5/1/45	$  1,060,000	$	115,000	$	21,200.00	$	-	
11/1/45	$	945,000	$	-	$	18,900.00	$	155,100.00	
5/1/46	$	945,000	$	120,000	$	18,900.00	$	-	
11/1/46	$	825,000	$	-	$	16,500.00	$	155,400.00	
5/1/47	$	825,000	$	125,000	$	16,500.00	$	-	
11/1/47	$	700,000	$	-	$	14,000.00	$	155,500.00	
5/1/48	$	700,000	$	130,000	$	14,000.00	$	-	
11/1/48	$	570,000	$	-	$	11,400.00	$	155,400.00	
5/1/49	$	570,000	$	135,000	$	11,400.00	$	-	
11/1/49	$	435,000	$	-	$	8,700.00	$	155,100.00	
5/1/50	$	435,000	$	140,000	$	8,700.00	$	-	
11/1/50	$	295,000	$	-	$	5,900.00	$	154,600.00	
5/1/51	$	295,000	$	145,000	$	5,900.00	$	-	
11/1/51	$	150,000	$	-	$	3,000.00	$	153,900.00	

Community Development District Adopted Budget
FY2025
Debt Service Fund Series 2024

Proposed
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues:		
Special Assessments	$	-	$	-	$	-	$	-	$	225,323	
Bond Proceeds	$	180,704	$	180,704	$	-	$	180,704	$	-	
Interest	$	-	$	-	$	-	$	-	$	1,200	
Carry Forward Surplus	$	-	$	-	$	-	$	-	$	68,042	
Total Revenues	$	180,704	$	180,704	$	-	$	180,704	$	294,565	

Expenditures:						
Series 2024
Interest - 11/01	

$	-	

$	-	

$	

-	$	-	

$	68,042	
Principal - 05/01	$	-	$	-	$	-	$	-	$	45,000	
Interest - 05/01	$	-	$	-	$	-	$	-	$	89,399	
Total Expenditures	$	-	$	-	$	-	$	-	$	202,441	
						
Excess Revenues (Expenditures)	$	180,704	$	180,704	$	-	$	180,704	$	92,124	

Interest - 11/1/2025	$88,296	
Total	$88,296	

Net Assessment	
$225,323	
Collection Cost (6%)	$14,382	
Gross Assessment	$239,705	

		

		

		

		

		

		

		

		

		

		
5/1/54	$	215,000	$	215,000	$	6,181.25	$	221,181.25	
Totals		$	3,235,000	$  3,520,786.13	$  6,755,786.13	

Series 2024, Capital Improvement Revenue Bonds (Term Bonds Combined)

Amortization Schedule

Date	Balance	Principal	Interest	Annual

11/1/24	$  3,235,000	$	-	$	68,042.38	$	68,042.38	
5/1/25	$  3,235,000	$	45,000	$	89,398.75	$	-	
11/1/25	$  3,190,000	$	-	$	88,296.25	$	222,695.00	
5/1/26	$  3,190,000	$	45,000	$	88,296.25	$	-	
11/1/26	$  3,145,000	$	-	$	87,193.75	$	220,490.00	
5/1/27	$  3,145,000	$	50,000	$	87,193.75	$	-	
11/1/27	$  3,095,000	$	-	$	85,968.75	$	223,162.50	
5/1/28	$  3,095,000	$	50,000	$	85,968.75	$	-	
11/1/28	$  3,045,000	$	-	$	84,743.75	$	220,712.50	
5/1/29	$  3,045,000	$	55,000	$	84,743.75	$	-	
11/1/29	$  2,990,000	$	-	$	83,396.25	$	223,140.00	
5/1/30	$  2,990,000	$	60,000	$	83,396.25	$	-	
11/1/30	$  2,930,000	$	-	$	81,926.25	$	225,322.50	
5/1/31	$  2,930,000	$	60,000	$	81,926.25	$	-	
11/1/31	$  2,870,000	$	-	$	80,456.25	$	222,382.50	
5/1/32	$  2,870,000	$	65,000	$	80,456.25	$	-	
11/1/32	$  2,805,000	$	-	$	78,701.25	$	224,157.50	
5/1/33	$  2,805,000	$	65,000	$	78,701.25	$	-	
11/1/33	$  2,740,000	$	-	$	76,946.25	$	220,647.50	
5/1/34	$  2,740,000	$	70,000	$	76,946.25	$	-	
11/1/34	$  2,670,000	$	-	$	75,056.25	$	222,002.50	
5/1/35	$  2,670,000	$	75,000	$	75,056.25	$	-	
11/1/35	$  2,595,000	$	-	$	73,031.25	$	223,087.50	
5/1/36	$  2,595,000	$	80,000	$	73,031.25	$	-	
11/1/36	$  2,515,000	$	-	$	70,871.25	$	223,902.50	
5/1/37	$  2,515,000	$	85,000	$	70,871.25	$	-	
11/1/37	$  2,430,000	$	-	$	68,576.25	$	224,447.50	
5/1/38	$  2,430,000	$	90,000	$	68,576.25	$	-	
11/1/38	$  2,340,000	$	-	$	66,146.25	$	224,722.50	
5/1/39	$  2,340,000	$	95,000	$	66,146.25	$	-	
11/1/39	$  2,245,000	$	-	$	63,581.25	$	224,727.50	
5/1/40	$  2,245,000	$	100,000  $	63,581.25  $	-	
11/1/40	$  2,145,000	$	-	$	60,881.25  $	224,462.50	
5/1/41	$  2,145,000	$	105,000  $	60,881.25  $	-	
11/1/41	$  2,040,000	$	-	$	58,046.25  $	223,927.50	
5/1/42	$  2,040,000	$	110,000  $	58,046.25  $	-	
11/1/42	$  1,930,000	$	-	$	55,076.25  $	223,122.50	
5/1/43	$  1,930,000	$	115,000  $	55,076.25  $	-	
11/1/43	$  1,815,000	$	-	$	51,971.25  $	222,047.50	
5/1/44	$  1,815,000	$	120,000  $	51,971.25  $	-	
11/1/44	$  1,695,000	$	-	$	48,731.25  $	220,702.50	
5/1/45	$  1,695,000	$	130,000  $	48,731.25  $	-	
11/1/45	$  1,565,000	$	-	$	44,993.75  $	223,725.00	
5/1/46	$  1,565,000	$	135,000  $	44,993.75  $	-	
11/1/46	$  1,430,000	$	-	$	41,112.50  $	221,106.25	
5/1/47	$  1,430,000	$	145,000  $	41,112.50  $	-	
11/1/47	$  1,285,000	$	-	$	36,943.75  $	223,056.25	
5/1/48	$  1,285,000	$	155,000  $	36,943.75  $	-	
11/1/48	$  1,130,000	$	-	$	32,487.50  $	224,431.25	
5/1/49	$  1,130,000	$	165,000  $	32,487.50  $	-	
11/1/49	$	965,000	$	-	$	27,743.75  $	225,231.25	
5/1/50	$	965,000	$	170,000  $	27,743.75  $	-	
11/1/50	$	795,000	$	-	$	22,856.25  $	220,600.00	
5/1/51	$	795,000	$	180,000  $	22,856.25  $	-	
11/1/51	$	615,000	$	-	$	17,681.25  $	220,537.50	
5/1/52	$	615,000	$	195,000  $	17,681.25  $	-	
11/1/52	$	420,000	$	-	$	12,075.00  $	224,756.25	
5/1/53	$	420,000	$	205,000  $	12,075.00  $	-	
11/1/53	$	215,000	$	-	$	6,181.25  $	223,256.25