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Reunion East

Community Development District

Adopted Budget

FY 2019

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	Table of Contents	
1-3	General Fund	
4-13	General Fund Narrative	
14-15	Replacement  & Maintenance Fund	
16	Debt Service Fund Series 2015A	
17	Amortization Schedule Series 2015A	
18	Debt Service Fund Series 2015-1	
19	Amortization Schedule Series 2015-1	
20	Debt Service Fund Series 2015-2	
21	Amortization Schedule Series 2015-2	
22	Debt Service Fund Series 2015-3	
23	Amortization Schedule Series 2015-3	

Reunion East

Community Development District

Adopted Budget

General Fund

Fiscal Year 2019

		Adopted	Actual	Projected	Total	Adopted		
		Budget	thru	Next 3	thru	Budget		
	Description	FY2018	6/30/18	Months	9/30/18	FY2019		
	Revenues							
	Special Assessments - Tax Collector	$1,092,735	$1,110,772	$34	$1,110,806	$1,092,735		
	Special Assessments - Direct	$922,677	$922,677	$0	$922,677	$922,677		
	Interest	$250	$727	$123	$850	$250		
	Miscellaneous Income	$5,368	$3,408	$1,704	$5,112	$4,771		
	Rental Income - Base	$12,150	$32,400	$0	$32,400	$0		
	Rental Income - Operating Expenses/CAM	$10,585	$10,035	$0	$10,035	$0		
								
	Total Revenues	$2,043,765	$2,080,019	$1,861	$2,081,880	$2,020,434		
	Expenditures							
	Administrative							
	Supervisor Pay	$12,000	$8,600	$2,000	$10,600	$12,000		
	FICA	$918	$658	$153	$811	$918		
	Engineering	$15,000	$8,321	$1,679	$10,000	$15,000		
	Attorney	$35,000	$17,539	$12,461	$30,000	$35,000		
	Trustee Fees	$17,500	$0	$17,500	$17,500	$17,500		
	Arbitrage	$3,600	$600	$2,400	$3,000	$3,600		
	Collection Agent	$5,000	$5,000	$0	$5,000	$5,000		
	Dissemination	$5,000	$3,850	$833	$4,683	$5,000		
	Property Appraiser Fee	$1,000	$817	$0	$817	$1,000		
	Property Taxes	$400	$183	$0	$183	$400		
	Annual Audit	$5,100	$5,100	$0	$5,100	$5,200		
	District Management Fees	$42,985	$32,239	$10,746	$42,985	$44,275		
	Information Technology	$2,200	$1,650	$550	$2,200	$2,200		
	Telephone	$300	$39	$36	$75	$300		
	Postage	$3,500	$272	$128	$400	$3,500		
	Printing & Binding	$2,500	$474	$176	$650	$2,500		
	General Liability Insurance	$14,800	$13,453	$0	$13,453	$14,800		
	Legal Advertising	$1,500	$397	$1,103	$1,500	$1,500		
	Other Current Charges	$600	$178	$22	$200	$600		
	Office Supplies	$500	$189	$61	$250	$500		
	Travel Per Diem	$500	$0	$0	$0	$500		
	Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175		
				.				
	Administrative Expenses	$170,078	$99,735	$49,848	$149,583	$171,468		
	Maintenance - Shared Expenses							
	Field Maintenance	$41,454	$31,091	$10,364	$41,454	$39,851	1	
	Management Services Agreement	$0	$0	$0	$0	$0	2	
	Facility Lease Agreement	$31,562	$18,389	$6,130	$24,518	$22,884	3	
	Telephone	$4,800	$4,076	$1,372	$5,448	$4,760	4	
	Electric	$348,000	$303,408	$101,109	$404,517	$330,400	5	
	Water & Sewer	$45,000	$42,301	$12,222	$54,523	$44,800	6	
	Gas	$46,200	$33,928	$1,440	$35,368	$43,120	7	
	Pool & Fountain Maintenance	$105,000	$78,580	$26,148	$104,728	$98,000	8	
	Environmental	$6,000	$3,440	$1,147	$4,587	$5,600	9	
	Property Insurance	$26,100	$24,914	$0	$24,914	$25,620	10	
	Irrigation Repairs & Maintenance	$7,500	$7,660	$1,890	$9,550	$8,400	11	
	Landscape Contract	$465,774	$319,128	$112,194	$431,322	$434,722	12	
	Landscape Contingency	$23,295	$14,043	$5,100	$19,143	$21,742	13	
	Landscape Consulting	$23,400	$27,851	$5,850	$33,701	$21,840	14	
	Gate and Gatehouse Expenses	$19,200	$7,662	$4,500	$12,162	$17,920	15	
	Roadways/Sidewalks/Bridge	$27,840	$107,637	$1,800	$109,437	$28,000	16	
	Lighting	$4,800	$4,606	$0	$4,606	$5,600	17	
	Building Repairs & Maintenance	$24,000	$27,449	$1,800	$29,249	$22,400	18	
	Pressure Washing	$24,000	$11,588	$1,800	$13,388	$11,200	19	
	Maintenance (Inspections)	$1,050	$378	$464	$842	$980	20	
	Repairs & Maintenance	$0	$0	$1,800	$1,800	$11,200	21	
	Pest Control	$435	$0	$0	$0	$406	22	
	Signage	$2,400	$8,484	$0	$8,484	$2,240	23	
	Security	$84,000	$63,000	$21,000	$84,000	$78,400	24	
								
	Total Maintenance Shared	$1,361,810	$1,139,612	$318,129	$1,457,741	$1,280,086		

1

Reunion East

Community Development District

Adopted Budget

General Fund

Fiscal Year 2019

		Adopted	Actual	Projected	Total	Adopted	
		Budget	thru	Next 3	Thru	Budget	
	Description	FY2018	6/30/18	Months	9/30/18	FY2019	
	Heritage Crossing Community Center						
	Landscape Maintenance	$16,000	$8,648	$0	$8,648	$16,000	
	Telephone	$1,500	$993	$331	$1,324	$1,500	
	Electric	$33,000	$14,277	$5,760	$20,037	$25,000	
	Water & Sewer	$4,200	$1,413	$475	$1,888	$2,500	
	Gas	$500	$224	$75	$299	$350	
	Contract Cleaning	$0	$4,800	$2,200	$7,000	$10,000	
	Maintenance (Inspections)	$1,250	$1,085	$450	$1,535	$1,250	
	Pest Control	$0	$0	$0	$0	$0	
							
	Total HC Community Center Shared	$56,450	$31,440	$9,291	$40,731	$56,600	
	Maintenance - Direct Expenses						
	Irrigation System Operations	$100,000	$0	$0	$0	$100,000	
	Contingency	$0	$250	$101	$351	$0	
	Transfer Out - R&M Fund	$355,427	$355,427	$0	$355,427	$412,280	
							
	Total Maintenance Expenses	$455,427	$355,677	$101	$355,778	$512,280	
							
	Total Expenses	$2,043,765	$1,626,464	$377,370	$2,003,833	$2,020,434	
							
	Excess Revenues (Expenditures)	$0	$453,556	($375,508)	$78,047	$0	
				Net Assessments		$2,024,761	
				Add: Discounts & Collections	$129,240	
				Gross Assessments		$2,154,001	

Notes:

(1 thru 24) is 60% of the shared costs with the remaining 40% allocated to Reunion West for FY18. For FY19, the proposed allocation will be 56% of the shared costs for Reunion East with the remaining 44% allocated to Reunion West,

				Shared Costs			
		FY 2018	FY 2018	Total Prop	Reunion East	Reunion West	
		Budget	Projections	2019 Budget	56%	44%	
1	Field Maintenance	$69,090	$69,090	$71,163	$39,851	$31,312	
2	Management Services Agreement	$0	$0	$0	$0	$0	
3	Facility Lease Agreement	$52,604	$40,864	$40,864	$22,884	$17,980	
4	Telephone	$8,000	$8,154	$8,500	$4,760	$3,740	
5	Electric	$580,000	$580,450	$590,000	$330,400	$259,600	
6	Water & Sewer	$75,000	$79,506	$80,000	$44,800	$35,200	
7	Gas	$77,000	$53,976	$77,000	$43,120	$33,880	
8	Pool & Fountain Maintenance	$175,000	$176,135	$175,000	$98,000	$77,000	
9	Environmental	$10,000	$7,645	$10,000	$5,600	$4,400	
10	Property Insurance	$43,500	$41,524	$45,750	$25,620	$20,130	
11	Irrigation Repairs & Maintenance	$12,500	$15,917	$15,000	$8,400	$6,600	
12	Landscape Contract	$776,290	$712,631	$776,290	$434,722	$341,568	
13	Landscape Contingency	$38,825	$31,904	$38,825	$21,742	$17,083	
14	Landscape Consulting	$39,000	$56,168	$39,000	$21,840	$17,160	
15	Gate and Gatehouse Expenses	$32,000	$20,271	$32,000	$17,920	$14,080	
16	Roadways/Sidewalks/Bridge	$46,400	$182,395	$50,000	$28,000	$22,000	
17	Lighting	$8,000	$7,681	$10,000	$5,600	$4,400	
18	Building Repairs & Maintenance	$40,000	$48,749	$40,000	$22,400	$17,600	
19	Pressure Washing	$40,000	$22,313	$20,000	$11,200	$8,800	
20	Maintenance (Inspections)	$1,750	$1,403	$1,750	$980	$770	
21	Repairs & Maintenance	$0	$3,000	$20,000	$11,200	$8,800	
22	Pest Control	$725	$0	$725	$406	$319	
23	Signage	$4,000	$15,239	$4,000	$2,240	$1,760	
24	Security	$140,000	$139,999	$140,000	$78,400	$61,600	
							
		$2,269,684	$2,315,013	$2,285,867	$1,280,086	$1,005,781	

2

FISCAL YEAR 2019

Reunion East Projected EAU Administrative & Maintenance Calculation

			Total	% of	Total	Per Unit Gross	
Product Type	EAU	Units	EAU	EAU	Assessments	Assessments	
Commercial	1.00	404	404.00	6.15%	$132,364	$327.63	
Hotel/Condo	1.00	404	404.00	6.15%	$132,364	$327.63	
Multi-Family	1.50	2809	4213.50	64.09%	$1,380,488	$491.45	
Single-Family	2.00	775	1550.00	23.58%	$507,834	$655.27	
Golf	1.00	2.90	2.90	0.04%	$950	$327.63	
		4,395	6574.40	100.00%	$2,154,001		
						
		FISCAL YEAR 2018				
Reunion East Projected EAU Administrative & Maintenance Calculation					
							
			Total	% of	Total	Per Unit Gross	
Product Type	EAU	Units	EAU	EAU	Assessments	Assessments	
Commercial	1.00	404	404.00	6.15%	$132,364	$327.63	
Hotel/Condo	1.00	404	404.00	6.15%	$132,364	$327.63	
Multi-Family	1.50	2809	4213.50	64.09%	$1,380,488	$491.45	
Single-Family	2.00	775	1550.00	23.58%	$507,834	$655.27	
Golf	1.00	2.90	2.90	0.04%	$950	$327.63	
		4,395	6574.40	100.00%	$2,154,001		
				
	GROSS PER UNIT ASSESSMENT COMPARISON CHART			
							
	FY2015	FY2016	FY2017	FY2018	FY2019		
	Gross Per Unit	Gross Per Unit	Gross Per Unit	Gross Per Unit	Gross Per Unit	Increase/	
Product Type	Assessments	Assessments	Assessments	Assessments	Assessments	(Decrease)	
Commercial	$438.45	$327.63	$327.63	$327.63	$327.63	$0.00	
Hotel/Condo	$438.45	$327.63	$327.63	$327.63	$327.63	$0.00	
Multi-Family	$657.67	$491.45	$491.45	$491.45	$491.45	$0.00	
Single-Family	$876.90	$655.27	$655.27	$655.27	$655.27	$0.00	
Golf	$438.45	$327.63	$327.63	$327.63	$327.63	$0.00	

3

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2019

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.

Special Assessments – Direct

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. The District levies these assessments directly to the property owners.

Interest

The District generates funds off of invested funds.

Miscellaneous Income

Any additional funds generated by the District.

EXPENDITURES:

Administrative:

Supervisor Pay

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 Expenses

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.

4

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2019

Attorney

The District’s legal counsel, Latham, Shuker, Eden & Beaudine, will be providing general legal services to the District, e.g., attendance and preparation for monthly meetings, reviewing operating and maintenance contracts, etc.

Trustee Fees

The District issued Series 2015A, 2015-1, 2015-2 & 2015-3 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 2002A-2, 2005, 2015A, 2015-1, 2015 -2 & 2015 -3 Bonds. The District has contracted with Grau & Associates to calculate the rebate liability and submit a report to the District.

Collection Agent

These are expenses related to administering the Annual Assessments on the tax roll with the Osceola County Tax Collector.

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.

Property Appraiser Fee

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

Property Taxes

Represents estimated fees charged by the Osceola County Tax Collector’s Office for all assessable property within the District.

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 McDirmit, Davis & Co. to audit the financials records.

5

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2019

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

Represents costs related to the District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic date requirements.

Telephone

Telephone and fax machine costs incurred by Manager.

Postage

Mailing of agenda packages, overnight deliveries, correspondence, etc. costs incurred by Manager.

Printing & Binding

Printing and binding agenda packages 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. FIA 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

Bank charges, County Assessment Fees and any other miscellaneous expenses that are incurred during the year.

Office Supplies

Miscellaneous office supplies.

Travel Per Diem

Costs for Board Members attendance at meetings.

6

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2019

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:

60% of the maintenance costs are allocated to Reunion East and 40% are allocated to Reunion West during Fiscal Year 2018. The District is proposing an allocation of 56% of the maintenance costs to Reunion East and 44% to Reunion West during Fiscal Year 2019. 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 field management services.

Management Service Agreement

Management  Service  Agreement  between  the  District  and  The  Reunion  Club  of
Orlando, LLC for management and operations of certain District facilities. Per executed agreement, fees for 2016 calendar year are eliminated.

Facility Lease Agreement

The District has entered into a multi- party agreement, Reunion Landscaping and Maintenance Facility Lease Agreement, with Citicommunities, LLC and Reunion West CDD. The District will be responsible for a percentage of the approximately 28% allocated to Reunion East and Reunion West per the agreement.

Telephone

This is for service for the pool buildings’ and horse stable phone lines.

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

7

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2019

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

05350 66347	7722 Excitement Dr Spkl, Reunion

05481 84194	7500 Mourning Dove Cir Bath (Terraces)

05699 66436	7477 Excitement Dr Spkl

08152 59495	1300 Reunion Blvd, Irrigation

08929 00579	900 Assembly Ct Spkl 900 Blk

09554 73426	7399 Gathering Dr, Irrigation

13564 01487	7475 Gathering Dr, Pool (Homestead Pool)

15026 22032 000 Heritage Xing Lite (98-Heritage Crossing St. Lights) 16017 33396 7500 Gathering Dr, Irrigation Timer
17197 83455	1535 Euston Dr Spkl

17349 22403	1400 Titian Ct Spkl

17441 33552	7400 Excitement Dr Security Control

22603 50590	7200 Reunion Blvd, Irr Timer

23752 82252	15221 Fairview Circle Fountain

24612 68522 00 Excitement Dr Lite Light Ph2 Pr3 (40-Patriots Landing St. Lights) 24936 47164 000 Centre Court Ridge Dr Lite (33-Centre Court Ridge St. Lights) 29830 75316 7400 Excitement Dr Lite

33595 72430 000 Seven Eagles Ct, Seven Eagles Lights (21 Tenon Conc/24 HH Trdrop 12000L) 33668 23497 1350 S Old Lake Wilson Rd (Spine Rd/Hwy 545 Gatehouse)
33785 01399	7621 Heritage Crossing Way, Pool

33933 31268	7300 Mourning Dove Cir, Irrigation (Terraces)

34570 89532	7700 Osceola Polk Line Rd, Irrg. Timer

36942-43567	1590 Reunion Blvd, Horse Stable

38275 58442	7421 Devereaux St Spkl

38751 20196	7600 Tradition Blvd, Irrigation Meter A

41812 50273	7477 Gathering Dr Spkl

44278-43387	7715 Heritage Crossing Way, Clubhouse

55539 91473	7600 Heritage Crossing Way Pump

59862 73513	7500 Seven Eagles Way Spkl

65222 56575	7693 Heritage Cross. Way Poolhouse

68727 88500	1400 Reunion Blvd Spkl, Irrigation

68791 86264 000 Whitemarsh Way Lite (94-Masters Landing, Legends Corner St. Lights) 68900 18289 7585 Assembly Ln, Pool (Carriage Pointe)

8

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2019

Account #	Duke Energy Service Address

74202 21313 7500 Mourning Dove Cir Irrig (Terraces) 77166 33105 000 Old Lake Wilson Rd Lite, Ph2 Parcel 13
77412 10389 0 Old Lake Wilson Rd Lite Ph2 Prcl 1A (26-Excitement Dr. St. Lights) 79838 47399 1300 Seven Eagles Ct, Fountain
80748 99057 0 Old Lake Wilson Rd Lite PH1 Prcl 1 (112-Homestead St. Lights) 82014 88555 7427 Sparkling Ct Spkl

82133 02524	7700 Linkside Loop Spkl

90531 74565 0 Old Lake Wilson Rd Lite PH2 Prcl 1 (10-Excitement Dr. St. Lights) 92541 35155 7755 Osceola Polk Line Rd,Gatehouse (Main Gatehouse)

92906 18477	7600 Tradition Blvd, Irrigation Meter C

95096 13119	700 Desert Mountain Ct Lift

04868 87236	000 Reunion Blvd Traditions Blvd (30-Traditions Blvd St. Lights)

33100 16279 000 Reunion Blvd Par78 (Grand Traverse Pkwy) (69-Westside of RW Streets) 64824 62462 7800 Tradition Blvd Irrig Meter B
92245 38200	300 Sinclair Rd Irrig Meter A

97194 91147	7800 Tradition Blvd Irrig Meter A

Account #	OUC Service Address

76305-72865	7855 Osceola Polk Line Rd

95820-59007	Sinclair Rd

Water & Sewer

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

Account #	Toho Water Authority Service Address	
2000680-818450	7755	Reunion Blvd Guardhouse	
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	
2000680-892560	1590	Reunion Blvd, Stable	
2000680-897400	7700	Osceola Polk Line Rd	
2000680-925360	7500	Mourning Dove Cir Irrig	
2000680-940460	7500	Mourning Dove Cir Bath	
2000680-942790	1350	S Old Lake Wilson Rd Grdhouse	
2007070-942780	700 Tradition Blvd Guardhouse	

9

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2019

Gas

This item represents utility service costs for gas service at the community pools. The District has accounts with TECO and Infinite Energy for this service.

Account #	Infinite Energy Service Address

1715158842	Heritage Crossing Pool A

2007210430	Heritage Crossing Pool B

5752592741	Homestead Pool

5948185633	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	

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.

Environmental

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.

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.

10

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2019

Landscape Contract

The District currently has a contract with Yellowstone Landscape 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.

Landscape Contingency

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

Landscape Consulting

Represents costs to provide consulting services that would include managing all aspects of the landscape program. Amount based on proposal by SunScape Consulting, Inc.

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. A portion of amount is based on proposal from Don Bo, Inc. for sidewalk grinding and replacement.

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. Amount is based on a proposal by AB Pressure Washing.

Maintenance (Inspections)

Represents quarterly sprinkler inspections, annual fire backflow and domestic backflow inspections and any unforeseen repairs at the Horse Stables.

Repairs & Maintenance

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

11

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2019

Pest Control

Represents monthly and quarterly pest services as well as quarterly termite services for the Horse Stables.

Security

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

Heritage Crossing Community Center

Landscape Maintenance

Scheduled maintenance consists 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.

Telephone

This item represents utility service for the Community Center’s fire alarm phone lines and the emergency phone lines. Centurylink provides this service.

Electric

This item represents utility service for electric service to the Community Center. The District has an electrical account with Duke Energy for this service.

Account #	Duke Energy Service Address	
44278-43387	7715 Heritage Crossing Way, Clubhouse	

Water & Sewer

This item represents utility service for water and waste water provided by Toho Water

Authority.

Account #	Toho Water Authority Service Address	
2000680-892820	7715 Heritage Crossing Way, Clubhouse	

Gas

This item represents utility service costs for gas service for the Community Center by
TECO.

Account #	Teco Peoples Gas Service Address	
211010400771	7715 Heritage Crossing Way - HC Comm Ctr	

12

Reunion East

Community Development District
General Fund Budget

Fiscal Year 2019

Maintenance (Inspections)

Represents quarterly sprinkler inspections and annual fire backflow and domestic backflow inspections at the Community Center.

Pest Control

Represents monthly and quarterly pest services as well as quarterly termite services for the Community Center.

Maintenance – Direct Expenses

Irrigation System Operations

Represents estimated net operating expenses for irrigation system serving CDD and POA common areas and Golf Course.

Transfer Out – R&M Fund

Represents proposed amount to transfer to Replacement & Maintenance Fund.

13

Reunion East

Community Development District

Adopted Budget

Replacement & Maintenance Fund

Fiscal Year 2019

		Proposed	Actual	Projected	Total	Adopted		
		Budget	thru	Next 3	thru	Budget		
	Description	FY2018	6/30/18	Months	9/30/18	FY2019		
	Revenues							
	Transfer In	$355,427	$355,427	$0	$355,427	$412,280		
	Interest	$10,000	$32,784	$11,216	$44,000	$10,000		
								
	Total Revenues	$365,427	$388,211	$11,216	$399,427	$422,280		
	Expenditures							
	Building Improvements	$60,000	$12,147	$53,829	$65,976	$100,800	1	
	Fountain Improvements	$0	$0	$0	$0	$14,000	2	
	Monument Inprovements	$0	$0	$90,000	$90,000	$14,000	3	
	Pool Furniture	$7,200	$7,800	$0	$7,800	$6,720	4	
	Pool Repair & Replacements	$31,800	$6,359	$11,545	$17,905	$22,400	5	
	Lighting Improvements	$0	$2,934	$0	$2,934	$4,480	6	
	Landscape Improvements	$75,000	$121,184	$0	$121,184	$75,600	7	
	Roadway Improvements	$0	$5,592	$0	$5,592	$5,600	8	
	Signage	$6,000	$0	$0	$0	$36,400	9	
	Signalization	$90,000	$0	$0	$0	$0	10	
								
	Total Expenditures	$270,000	$156,017	$155,374	$311,391	$280,000		
								
	Excess Revenues/(Expenditures)	$95,427	$232,194	($144,158)	$88,036	$142,280		
								
	Fund Balance - Beginning	$2,842,453	$2,821,236	$0	$2,821,236	$2,909,272		
								
	Fund Balance - Ending	$2,937,880	$3,053,430	($144,158)	$2,909,272	$3,051,552		

Notes:

(1 thru 10) is 60% of the shared costs with the remaining 40% allocated to Reunion West for FY18. For FY19, the proposed allocation will be 56% of the shared costs for Reunion East with the remaining 44% allocated to Reunion West,

				Shared Costs			
		FY 2018	FY 2018	Total Prop	Reunion East	Reunion West	
		Budget	Projections	2019 Budget	56%	44%	
1	Building Improvements	$100,000	$109,960	$180,000	$100,800	$79,200	
2	Fountain Improvements	$0	$0	$25,000	$14,000	$11,000	
3	Monuments Improvements	$0	$150,000	$25,000	$14,000	$11,000	
4	Pool Furniture	$12,000	$13,000	$12,000	$6,720	$5,280	
5	Pool Repair & Replacements	$53,000	$29,841	$40,000	$22,400	$17,600	
6	Lighting Improvements	$0	$4,890	$8,000	$4,480	$3,520	
7	Landscape Improvements	$125,000	$201,973	$135,000	$75,600	$59,400	
8	Roadway Improvements	$0	$9,320	$10,000	$5,600	$4,400	
9	Signage	$10,000	$0	$65,000	$36,400	$28,600	
10	Signalization	$150,000	$0	$0	$0	$0	
							
		$450,000	$518,984	$500,000	$280,000	$220,000	

14

Reunion East

Community Development District

Adopted Budget

Replacement & Maintenance Fund

Fiscal Year 2019

	FY2018 Remaining Projected Expenses	Amount	
	Building Improvements		
Heritage Service Solutions	Chemical Clean Roofs, Repairs to Gazebos & Pergolas - Terraces	$5,709	
Heritage Service Solutions	Pressure Washing Exterior & Painting - Terraces Buildings	$18,245	
Heritage Service Solutions	Pressure Washing Exterior & Painting - Heritage Crossing Ballroom	$21,681	
Heritage Service Solutions	Pressure Washing Exterior & Painting - Horse Stables Building	$52,675	
		$98,310	
	Monument Improvements		
	6 Monuments - $25,000 per Monument	$150,000	
		$150,000	
	Pool Furniture		
JNJ Home Services	20 Sling Chaise Lounge Chairs - $200 per Chair	$4,000	
		$4,000	
	Pool Repair & Replacement		
Spies Pool	Commercial Sand Filter - Seven Eagles Pool	$19,242	
		$19,242	
			
	FY2019 Proposed Expenses	Amount	
	Building Improvements		
HUFCOR	Recover 46 Panels & 4 Pocket Doors	$37,950	
Jurin Roofing Services	Roof Replacement - Seven Eagles	$142,023	
		$179,973	
	Fountain Improvements		
	2 Fountains - Grand Traverse	$21,120	
		$21,120	
	Landscape Improvements		
Enviro Tree Service	Hardwood Pruning - Various Areas within Districts	$42,900	
Frank Garcia Landscaping	Timming of 20 Medjool Palms	$9,500	
Yellowstone Landscaping	Plant Installation/Mulch/Tree Pruning/Sod - Horse Sables	$68,800	
Sunscape Consulting, inc.	8.5%Fee Project Management Fee & Design Fee - Horse Stables	$8,848	
		$130,048	
	Pool Furniture		
JNJ Home Services	30 Sling Chaise Lounge/16 Sling Dining Chairs/4 - 42" Tables	$11,630	
		$11,630	
	Pool Repair & Replacement		
Spies Pool	2 Pool Heaters - $3,625 per Heater	$7,250	
		$7,250	
	Signage		
Berry Construction Inc.	Repaint Stop Signs & Information Signs - 224 Signs	$63,840	
		$63,840	

15

Reunion East

Community Development District

Adopted Budget

Series 2015A Debt Service

Fiscal Year 2019

		Adopted	Actual	Projected	Total	Adopted	
		Budget	thru	Next 3	thru	Budget	
	Description	FY2018	6/30/18	Months	9/30/18	FY2019	
	Revenues						
	Special Assessments	$2,568,595	$2,608,760	$80	$2,608,841	$2,568,595	
	Special Assessments - Prepayment	$0	$11,599	$0	$11,599	$0	
	Interest Income	$100	$9,726	$1,274	$11,000	$100	
	Carry Forward Surplus	$807,010	$822,385	$0	$822,385	$841,825	
							
	Total Revenue	$3,375,705	$3,452,471	$1,354	$3,453,825	$3,410,520	
	Expenditures						
	Interest Expense 11/01	$691,000	$691,000	$0	$691,000	$666,325	
	Principal Expense 05/01	$1,215,000	$1,215,000	$0	$1,215,000	$1,265,000	
	Interest Expense 05/01	$691,000	$691,000	$0	$691,000	$666,325	
	Special Call 05/01	$0	$15,000	$0	$15,000	$0	
							
	Total Expenses	$2,597,000	$2,612,000	$0	$2,612,000	$2,597,650	
							
	EXCESS REVENUES	$778,705	$840,471	$1,354	$841,825	$812,870	
					11/1/2019 Interest	$641,025	
					Net Assessments	$2,568,595	
				Add: Discounts & Collections	$163,953	
					Gross Assessments	$2,732,548	

16

Reunion East

Community Development District

Series 2015A Special Assessment Refunding Bonds

Debt Service Schedule (Term Bonds Due Combined)

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL		INTEREST		TOTAL	
							
11/01/18	$27,185,000.00	$0	$	666,325.00	$	666,325.00	
05/01/19	$27,185,000.00	$1,265,000	$	666,325.00			
11/01/19	$25,920,000.00	$0	$	641,025.00	$	2,572,350.00	
05/01/20	$25,920,000.00	$1,320,000	$	641,025.00			
11/01/20	$24,600,000.00	$0	$	614,625.00	$	2,575,650.00	
05/01/21	$24,600,000.00	$1,375,000	$	614,625.00			
11/01/21	$23,225,000.00	$0	$	580,250.00	$	2,569,875.00	
05/01/22	$23,225,000.00	$1,450,000	$	580,250.00			
11/01/22	$21,775,000.00	$0	$	544,000.00	$	2,574,250.00	
05/01/23	$21,775,000.00	$1,525,000	$	544,000.00			
11/01/23	$20,250,000.00	$0	$	505,875.00	$	2,574,875.00	
05/01/24	$20,250,000.00	$1,600,000	$	505,875.00			
11/01/24	$18,650,000.00	$0	$	465,875.00	$	2,571,750.00	
05/01/25	$18,650,000.00	$1,685,000	$	465,875.00			
11/01/25	$16,965,000.00	$0	$	423,750.00	$	2,574,625.00	
05/01/26	$16,965,000.00	$1,765,000	$	423,750.00			
11/01/26	$15,200,000.00	$0	$	379,625.00	$	2,568,375.00	
05/01/27	$15,200,000.00	$1,855,000	$	379,625.00			
11/01/27	$13,345,000.00	$0	$	333,250.00	$	2,567,875.00	
05/01/28	$13,345,000.00	$1,955,000	$	333,250.00			
11/01/28	$11,390,000.00	$0	$	284,375.00	$	2,572,625.00	
05/01/29	$11,390,000.00	$2,055,000	$	284,375.00			
11/01/29	$9,335,000.00	$0	$	233,000.00	$	2,572,375.00	
05/01/30	$9,335,000.00	$2,160,000	$	233,000.00			
11/01/30	$7,175,000.00	$0	$	179,000.00	$	2,572,000.00	
05/01/31	$7,175,000.00	$2,270,000	$	179,000.00			
11/01/31	$4,905,000.00	$0	$	122,250.00	$	2,571,250.00	
05/01/32	$4,905,000.00	$2,385,000	$	122,250.00			
11/01/32	$2,520,000.00	$0	$	62,625.00	$	2,569,875.00	
05/01/33	$2,520,000.00	$2,505,000	$	62,625.00	$	2,567,625.00	
							
		$27,170,000	$	12,071,700.00	$	39,241,700.00	

17

Reunion East

Community Development District

Adopted Budget

Series 2015-1 Debt Service

Fiscal Year 2019

		Adopted	Actual	Projected	Total	Adopted	
		Budget	thru	Next 3	thru	Budget	
	Description	FY2018	6/30/18	Months	9/30/18	FY2019	
	Revenues						
	Special Assessments	$679,165	$683,255	$1	$683,256	$679,165	
	Interest	$0	$3,755	$745	$4,500	$0	
	Carry Forward Surplus	$283,704	$284,676	$0	$284,676	$285,892	
							
	Total Revenue	$962,869	$971,686	$746	$972,432	$965,057	
	Expenditures						
	Interest Expense 11/01	$220,770	$220,770	$0	$220,770	$212,685	
	Principal Expense 05/01	$245,000	$245,000	$0	$245,000	$260,000	
	Interest Expense 05/01	$220,770	$220,770	$0	$220,770	$212,685	
							
	Total Expenses	$686,540	$686,540	$0	$686,540	$685,370	
							
	Excess Revenues (Expenditures)	$276,329	$285,146	$746	$285,892	$279,687	
				11/1/2019 Interest	$204,105	

18

Reunion East

Community Development District

Series 2015-1 Special Assessment Refunding Bonds

Debt Service Schedule

AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
						
11/01/18	$6,445,000.00	6.600%	$0.00	$212,685.00	$212,685.00	
05/01/19	$6,445,000.00	6.600%	$260,000.00	$212,685.00		
11/01/19	$6,185,000.00	6.600%	$0.00	$204,105.00	$676,790.00	
05/01/20	$6,185,000.00	6.600%	$280,000.00	$204,105.00		
11/01/20	$5,905,000.00	6.600%	$0.00	$194,865.00	$678,970.00	
05/01/21	$5,905,000.00	6.600%	$295,000.00	$194,865.00		
11/01/21	$5,610,000.00	6.600%	$0.00	$185,130.00	$674,995.00	
05/01/22	$5,610,000.00	6.600%	$315,000.00	$185,130.00		
11/01/22	$5,295,000.00	6.600%	$0.00	$174,735.00	$674,865.00	
05/01/23	$5,295,000.00	6.600%	$340,000.00	$174,735.00		
11/01/23	$4,955,000.00	6.600%	$0.00	$163,515.00	$678,250.00	
05/01/24	$4,955,000.00	6.600%	$360,000.00	$163,515.00		
11/01/24	$4,595,000.00	6.600%	$0.00	$151,635.00	$675,150.00	
05/01/25	$4,595,000.00	6.600%	$385,000.00	$151,635.00		
11/01/25	$4,210,000.00	6.600%	$0.00	$138,930.00	$675,565.00	
05/01/26	$4,210,000.00	6.600%	$415,000.00	$138,930.00		
11/01/26	$3,795,000.00	6.600%	$0.00	$125,235.00	$679,165.00	
05/01/27	$3,795,000.00	6.600%	$440,000.00	$125,235.00		
11/01/27	$3,355,000.00	6.600%	$0.00	$110,715.00	$675,950.00	
05/01/28	$3,355,000.00	6.600%	$470,000.00	$110,715.00		
11/01/28	$2,885,000.00	6.600%	$0.00	$95,205.00	$675,920.00	
05/01/29	$2,885,000.00	6.600%	$505,000.00	$95,205.00		
11/01/29	$2,380,000.00	6.600%	$0.00	$78,540.00	$678,745.00	
05/01/30	$2,380,000.00	6.600%	$535,000.00	$78,540.00		
11/01/30	$1,845,000.00	6.600%	$0.00	$60,885.00	$674,425.00	
05/01/31	$1,845,000.00	6.600%	$575,000.00	$60,885.00		
11/01/31	$1,270,000.00	6.600%	$0.00	$41,910.00	$677,795.00	
05/01/32	$1,270,000.00	6.600%	$615,000.00	$41,910.00		
11/01/32	$655,000.00	6.600%	$0.00	$21,615.00	$678,525.00	
05/01/33	$655,000.00	6.600%	$655,000.00	$21,615.00	$676,615.00	
						
			$6,445,000.00	$3,919,410.00	$10,364,410.00	

19

Reunion East

Community Development District

Adopted Budget

Series 2015-2 Debt Service

Fiscal Year 2019

		Adopted	Actual	Projected	Total	Adopted	
		Budget	thru	Next 3	thru	Budget	
	Description	FY2018	6/30/18	Months	9/30/18	FY2019	
	Revenues						
	Special Assessments	$745,860	$745,860	$0	$745,860	$745,860	
	Interest	$1,100	$3,593	$907	$4,500	$100	
	Carry Forward Surplus	$266,862	$267,484	$0	$267,484	$266,544	
							
	Total Revenue	$1,013,822	$1,016,937	$907	$1,017,844	$1,012,504	
	Expenditures						
	Interest Expense 11/01	$265,650	$265,650	$0	$265,650	$258,390	
	Principal Expense 05/01	$220,000	$220,000	$0	$220,000	$235,000	
	Interest Expense 05/01	$265,650	$265,650	$0	$265,650	$258,390	
							
	Total Expenses	$751,300	$751,300	$0	$751,300	$751,780	
							
	Excess Revenues (Expenditures)	$262,522	$265,637	$907	$266,544	$260,724	
				11/1/2019 Interest	$250,635	

20

Reunion East

Community Development District

Series 2015-2 Special Assessment Refunding Bonds

Debt Service Schedule

AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
						
11/01/18	$7,830,000.00	6.600%	$0.00	$258,390.00	$258,390.00	
05/01/19	$7,830,000.00	6.600%	$235,000.00	$258,390.00		
11/01/19	$7,595,000.00	6.600%	$0.00	$250,635.00	$744,025.00	
05/01/20	$7,595,000.00	6.600%	$250,000.00	$250,635.00		
11/01/20	$7,345,000.00	6.600%	$0.00	$242,385.00	$743,020.00	
05/01/21	$7,345,000.00	6.600%	$270,000.00	$242,385.00		
11/01/21	$7,075,000.00	6.600%	$0.00	$233,475.00	$745,860.00	
05/01/22	$7,075,000.00	6.600%	$285,000.00	$233,475.00		
11/01/22	$6,790,000.00	6.600%	$0.00	$224,070.00	$742,545.00	
05/01/23	$6,790,000.00	6.600%	$305,000.00	$224,070.00		
11/01/23	$6,485,000.00	6.600%	$0.00	$214,005.00	$743,075.00	
05/01/24	$6,485,000.00	6.600%	$325,000.00	$214,005.00		
11/01/24	$6,160,000.00	6.600%	$0.00	$203,280.00	$742,285.00	
05/01/25	$6,160,000.00	6.600%	$350,000.00	$203,280.00		
11/01/25	$5,810,000.00	6.600%	$0.00	$191,730.00	$745,010.00	
05/01/26	$5,810,000.00	6.600%	$370,000.00	$191,730.00		
11/01/26	$5,440,000.00	6.600%	$0.00	$179,520.00	$741,250.00	
05/01/27	$5,440,000.00	6.600%	$395,000.00	$179,520.00		
11/01/27	$5,045,000.00	6.600%	$0.00	$166,485.00	$741,005.00	
05/01/28	$5,045,000.00	6.600%	$425,000.00	$166,485.00		
11/01/28	$4,620,000.00	6.600%	$0.00	$152,460.00	$743,945.00	
05/01/29	$4,620,000.00	6.600%	$455,000.00	$152,460.00		
11/01/29	$4,165,000.00	6.600%	$0.00	$137,445.00	$744,905.00	
05/01/30	$4,165,000.00	6.600%	$485,000.00	$137,445.00		
11/01/30	$3,680,000.00	6.600%	$0.00	$121,440.00	$743,885.00	
05/01/31	$3,680,000.00	6.600%	$515,000.00	$121,440.00		
11/01/31	$3,165,000.00	6.600%	$0.00	$104,445.00	$740,885.00	
05/01/32	$3,165,000.00	6.600%	$550,000.00	$104,445.00		
11/01/32	$2,615,000.00	6.600%	$0.00	$86,295.00	$740,740.00	
05/01/33	$2,615,000.00	6.600%	$590,000.00	$86,295.00		
11/01/33	$2,025,000.00	6.600%	$0.00	$66,825.00	$743,120.00	
05/01/34	$2,025,000.00	6.600%	$630,000.00	$66,825.00		
11/01/34	$1,395,000.00	6.600%	$0.00	$46,035.00	$742,860.00	
05/01/35	$1,395,000.00	6.600%	$675,000.00	$46,035.00		
11/01/35	$720,000.00	6.600%	$0.00	$23,760.00	$744,795.00	
05/01/36	$720,000.00	6.600%	$720,000.00	$23,760.00	$743,760.00	
						
			$7,830,000.00	$5,805,360.00	$13,635,360.00	

21

Reunion East

Community Development District

Adopted Budget

Series 2015-3 Debt Service

Fiscal Year 2019

		Adopted	Actual	Projected	Total	Adopted	
		Budget	thru	Next 3	thru	Budget	
	Description	FY2018	6/30/18	Months	9/30/18	FY2019	
	Revenues						
	Special Assessments	$336,265	$335,260	$0	$335,260	$336,265	
	Interest	$0	$432	$88	$520	$0	
	Carry Forward Surplus	$108,414	$108,482	$0	$108,482	$106,792	
							
	Total Revenue	$444,679	$444,174	$88	$444,262	$443,057	
	Expenditures						
	Interest Expense 11/01	$108,735	$108,735	$0	$108,735	$104,775	
	Principal Expense 05/01	$120,000	$120,000	$0	$120,000	$130,000	
	Interest Expense 05/01	$108,735	$108,735	$0	$108,735	$104,775	
							
	Total Expenses	$337,470	$337,470	$0	$337,470	$339,550	
							
	Excess Revenues (Expenditures)	$107,209	$106,704	$88	$106,792	$103,507	
				11/1/2019 Interest	$100,485	

22

Reunion East

Community Development District

Series 2015-3 Special Assessment Refunding Bonds

Debt Service Schedule

AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
						
11/01/18	$3,175,000.00	6.600%	$0.00	$104,775.00	$104,775.00	
05/01/19	$3,175,000.00	6.600%	$130,000.00	$104,775.00		
11/01/19	$3,045,000.00	6.600%	$0.00	$100,485.00	$335,260.00	
05/01/20	$3,045,000.00	6.600%	$135,000.00	$100,485.00		
11/01/20	$2,910,000.00	6.600%	$0.00	$96,030.00	$331,515.00	
05/01/21	$2,910,000.00	6.600%	$145,000.00	$96,030.00		
11/01/21	$2,765,000.00	6.600%	$0.00	$91,245.00	$332,275.00	
05/01/22	$2,765,000.00	6.600%	$155,000.00	$91,245.00		
11/01/22	$2,610,000.00	6.600%	$0.00	$86,130.00	$332,375.00	
05/01/23	$2,610,000.00	6.600%	$165,000.00	$86,130.00		
11/01/23	$2,445,000.00	6.600%	$0.00	$80,685.00	$331,815.00	
05/01/24	$2,445,000.00	6.600%	$180,000.00	$80,685.00		
11/01/24	$2,265,000.00	6.600%	$0.00	$74,745.00	$335,430.00	
05/01/25	$2,265,000.00	6.600%	$190,000.00	$74,745.00		
11/01/25	$2,075,000.00	6.600%	$0.00	$68,475.00	$333,220.00	
05/01/26	$2,075,000.00	6.600%	$205,000.00	$68,475.00		
11/01/26	$1,870,000.00	6.600%	$0.00	$61,710.00	$335,185.00	
05/01/27	$1,870,000.00	6.600%	$215,000.00	$61,710.00		
11/01/27	$1,655,000.00	6.600%	$0.00	$54,615.00	$331,325.00	
05/01/28	$1,655,000.00	6.600%	$230,000.00	$54,615.00		
11/01/28	$1,425,000.00	6.600%	$0.00	$47,025.00	$331,640.00	
05/01/29	$1,425,000.00	6.600%	$250,000.00	$47,025.00		
11/01/29	$1,175,000.00	6.600%	$0.00	$38,775.00	$335,800.00	
05/01/30	$1,175,000.00	6.600%	$265,000.00	$38,775.00		
11/01/30	$910,000.00	6.600%	$0.00	$30,030.00	$333,805.00	
05/01/31	$910,000.00	6.600%	$285,000.00	$30,030.00		
11/01/31	$625,000.00	6.600%	$0.00	$20,625.00	$335,655.00	
05/01/32	$625,000.00	6.600%	$300,000.00	$20,625.00		
11/01/32	$325,000.00	6.600%	$0.00	$10,725.00	$331,350.00	
05/01/33	$325,000.00	6.600%	$325,000.00	$10,725.00	$335,725.00	
						
			$3,175,000.00	$1,932,150.00	$5,107,150.00	

23