Reunion East
Community Development District
Proposed Budget
FY 2021

 	 	 	 	 	 	 	 	 	 	 	 	 	 	

Table of Contents

1-3

4-12

13-15

16

17

18

19

20

21

22

23

 	General Fund

 	General  Fund Narrative

 	Replacement    & Maintenance Fund

 	Debt Service Fund Series 2015A

 	Amortization Schedule Series  2015A

 	Debt Service Fund Series 2015-1

 	Amortization Schedule Series 2015-1

 	Debt Service Fund Series 2015-2

 	Amortization Schedule Series 2015-2

 	Debt Service Fund Series 2015-3

 	Amortization Schedule Series 2015-3

Reunion East
Community Development District Proposed Budget
General Fund

	Adopted
Budget	Actual
thru	Projected
Next 6	Total
thru	Proposed
Budget	
Description	FY2020	3/31/20	Months	9/30/20	FY2021	

Revenues						

Special Assessments - Tax Collector	
$1,417,679	
$1,156,394	
$261,285	
$1,417,679	
$1,417,679	
Special Assessments - Direct	$600,993	$425,472	$175,521	$600,993	$600,993	
Interest	$750	$351	$299	$650	$750	
Miscellaneous Income	$0	$2,456	$26	$2,481	$0	
Total Revenues	$2,019,422	$1,584,672	$437,131	$2,021,803	$2,019,422	

Expenditures						

Administrative						

Supervisor Pay	
$12,000	
$5,800	
$5,000	
$10,800	
$12,000	
FICA	$918	$444	$383	$826	$918	
Engineering	$15,000	$1,127	$3,873	$5,000	$15,000	
Attorney	$35,000	$16,459	$18,541	$35,000	$35,000	
Trustee Fees	$17,500	$0	$17,500	$17,500	$17,500	
Arbitrage	$3,600	$0	$3,600	$3,600	$3,600	
Collection Agent	$5,000	$5,000	$0	$5,000	$5,000	
Dissemination	$10,000	$6,000	$5,000	$11,000	$10,000	
Property Appraiser Fee	$1,000	$502	$0	$502	$1,000	
Property Taxes	$400	$295	$0	$295	$400	
Annual Audit	$5,200	$2,578	$3,000	$5,578	$5,600	
District Management Fees	$44,275	$22,137	$22,137	$44,275	$44,275	
Information Technology	$3,400	$1,100	$1,100	$2,200	$2,200	
Telephone	$300	$7	$93	$100	$300	
Postage	$3,500	$332	$368	$700	$1,500	
Printing & Binding	$2,500	$495	$505	$1,000	$1,500	
General Liability Insurance	$14,800	$13,789	$0	$13,789	$15,200	
Legal Advertising	$1,500	$1,670	$830	$2,500	$2,500	
Other Current Charges	$600	$0	$200	$200	$600	
Office Supplies	$500	$97	$103	$200	$500	
Travel Per Diem	$500	$0	$125	$125	$500	
Dues, Licenses & Subscriptions	$175	$175
.	$0	$175	$175	
Administrative Expenses	$177,668	$78,006	$82,358	$160,364	$175,268	

Maintenance - Shared Expenses 						

Field Maintenance	
$39,851	
$19,926	
$19,926	
$39,851	
$41,275	
Management Services Agreement	$0	$0	$13,650	$13,650	$23,563	
Facility Lease Agreement	$22,884	$11,442	$11,442	$22,884	$23,701	
Telephone	$4,760	$2,479	$2,532	$5,011	$5,394	
Electric	$341,600	$156,136	$168,000	$324,136	$353,800	
Water & Sewer	$44,800	$18,860	$16,800	$35,660	$46,400	
Gas	$43,120	$14,614	$9,000	$23,614	$44,660	
Pool & Fountain Maintenance	$100,800	$62,825	$54,000	$116,825	$130,500	
Environmental	$5,600	$2,153	$2,791	$4,944	$5,800	
Property Insurance	$25,620	$24,923	$0	$24,923	$28,710	
Irrigation Repairs & Maintenance	$8,400	$4,429	$3,600	$8,029	$8,700	
Landscape Contract	$434,722	$229,182	$182,081	$411,263	$450,248	
Landscape Contingency	$28,000	$9,755	$15,000	$24,755	$29,000	
Landscape Consulting	$21,840	$10,785	$0	$10,785	$0	
Gate and Gatehouse Expenses	$17,920	$3,992	$8,400	$12,392	$18,560	
Roadways/Sidewalks/Bridge	$28,000	$1,431	$8,358	$9,789	$29,000	
Lighting	$5,600	$1,124	$2,376	$3,500	$5,800	
Building Repairs & Maintenance	$14,000	$952	$3,360	$4,312	$14,500	
Pressure Washing	$19,600	$20,020	$0	$20,020	$20,300	
Maintenance (Inspections)	$980	$250	$578	$828	$1,015	
Repairs & Maintenance	$11,200	$2,242	$1,271	$3,513	$11,600	
Pest Control	$406	$0	$0	$0	$421	
Signage	$4,480	$23,859	$0	$23,859	$14,500	
Security	$78,400	$39,200	$39,200	$78,400	$81,200	
Parking Violation Tags	$0	$15	$250	$265	$290	
Total Maintenance Shared	$1,302,583	$660,593	$562,615	$1,223,208	$1,388,936	

Fiscal Year 2021

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

22
23
24
25

Reunion East
Community Development District Proposed Budget
General Fund
Fiscal Year 2021

	Adopted
Budget	Actual
thru	Projected
Next 6	Total
Thru	Proposed
Budget	
Description	FY2020	3/31/20	Months	9/30/20	FY2021	

Heritage Crossing Community Center 						
Landscape Maintenance	$16,000	$5,287	$0	$5,287	$0	
Telephone	$1,500	$726	$0	$726	$0	
Electric	$25,000	$9,596	$0	$9,596	$0	
Water & Sewer	$2,500	$1,023	$0	$1,023	$0	
Gas	$350	$141	$0	$141	$0	
Contract Cleaning	$10,000	$4,675	$0	$4,675	$0	
Maintenance (Inspections)	$1,250	$968	$0	$968	$0	
Pest Control	$0	$0	$0	$0	$0	
Total HC Community Center Shared	$56,600	$22,416	$0	$22,416	$0	

Maintenance - Direct Expenses 						
Irrigation System Operations	$100,000	$0	$0	$0	$100,000	
Transfer Out - R&M Fund	$382,571	$382,571	$0	$382,571	$355,219	
Total Maintenance Expenses	$482,571	$382,571	$0	$382,571	$455,219	
						
Total Expenses	$2,019,422	$1,143,587	$644,973	$1,788,559	$2,019,423	
						
Excess Revenues (Expenditures)	$0	$441,086	($207,842)	$233,244	($0)	
			
Net Assessments		
$2,024,761	
Add: Discounts & Collections	 		$129,240 Gross Assessments		$2,154,001

Notes:
(1 thru 25) is 56% of the shared costs with the remaining 44% allocated to Reunion West for FY20. For FY21, the proposed allocation will be 58% of the shared costs for Reunion East with the remaining 42% allocated to Reunion West.

FY 2020
Budget	FY 2020
Projections	Total Proposed 2021 Budget	Reunion East 58%	Reunion West 42%	
$71,163	$71,163	$71,163	$41,275	$29,888	
$0	$24,375	$40,625	$23,563	$17,063	
$40,864	$40,864	$40,864	$23,701	$17,163	
$8,500	$8,947	$9,300	$5,394	$3,906	
$610,000	$578,536	$610,000	$353,800	$256,200	
$80,000	$63,554	$80,000	$46,400	$33,600	
$77,000	$42,141	$77,000	$44,660	$32,340	
$180,000	$208,787	$225,000	$130,500	$94,500	
$10,000	$8,829	$10,000	$5,800	$4,200	
$45,750	$44,506	$49,500	$28,710	$20,790	
$15,000	$14,359	$15,000	$8,700	$6,300	
$776,290	$734,398	$776,290	$450,248	$326,042	
$50,000	$44,209	$50,000	$29,000	$21,000	
$39,000	$19,260	$0	$0	$0	
$32,000	$22,129	$32,000	$18,560	$13,440	
$50,000	$17,477	$50,000	$29,000	$21,000	
$10,000	$6,251	$10,000	$5,800	$4,200	
$25,000	$7,700	$25,000	$14,500	$10,500	
$35,000	$35,750	$35,000	$20,300	$14,700	
$1,750	$1,479	$1,750	$1,015	$735	
$20,000	$6,275	$20,000	$11,600	$8,400	
$725	$0	$725	$421	$305	
$8,000	$42,605	$25,000	$14,500	$10,500	
$140,000	$140,000	$140,000	$81,200	$58,800	
$0	$474	$500	$290	$210	
$2,326,042	$2,184,066	$2,394,717	$1,388,936	$1,005,781	

Shared Costs

Field Maintenance
Management Services Agreement
Facility Lease Agreement
Telephone
Electric
Water & Sewer
Gas
Pool & Fountain Maintenance
Environmental
Property Insurance
Irrigation Repairs & Maintenance
Landscape Contract
Landscape Contingency
Landscape Consulting
Gate and Gatehouse Expenses
Roadways/Sidewalks/Bridge
Lighting
Building Repairs & Maintenance
Pressure Washing
Maintenance (Inspections)
Repairs & Maintenance
Pest Control
Signage
Security
Parking Violation Tags

	FISCAL YEAR 2021		

Reunion East Projected EAU Administrative &	
Maintenance Calculation			

Product Type	
EAU	Total
Units	EAU	% of
EAU	Total
Assessments	Per Unit Gross
Assessments	
Commercial	1.00	751	751.38	14.76%	$317,860	$423.03	
Hotel/Condo	1.00	296	296.00	5.81%	$125,218	$423.03	
Multi-Family	1.50	1293	1939.50	38.09%	$820,476	$634.55	
Single-Family	2.00	1051	2102.00	41.28%	$889,220	$846.07	
Golf	1.00	2.90	2.90	0.06%	$1,227	$423.03	
		3,394	5091.78	100.00%	$2,154,001		
		
FISCAL YEAR 2020				

Reunion East Projected EAU Administrative &	
Maintenance Calculation					

Product Type	
EAU	Total
Units	EAU	% of
EAU	Total
Assessments	Per Unit Gross
Assessments	
Commercial	1.00	751	751.38	14.76%	$317,860	$423.03	
Hotel/Condo	1.00	296	296.00	5.81%	$125,218	$423.03	
Multi-Family	1.50	1293	1939.50	38.09%	$820,476	$634.55	
Single-Family	2.00	1051	2102.00	41.28%	$889,220	$846.07	
Golf	1.00	2.90	2.90	0.06%	$1,227	$423.03	
		3,394	5091.78	100.00%	$2,154,001		

GROSS PER UNIT ASSESSMENT COMPARISON CHART 

Product Type	FY2017
Gross Per Unit Assessments	FY2018
Gross Per Unit Assessments	FY2019
Gross Per Unit Assessments	FY2020
Gross Per Unit Assessments	FY2021
Gross Per Unit Assessments	
Increase/ (Decrease)	
Commercial	$327.63	$327.63	$327.63	$423.03	$423.03	$0.00	
Hotel/Condo	$327.63	$327.63	$327.63	$423.03	$423.03	$0.00	
Multi-Family	$491.45	$491.45	$491.45	$634.55	$634.55	$0.00	
Single-Family	$655.27	$655.27	$655.27	$846.07	$846.07	($0.00)	
Golf	$327.63	$327.63	$327.63	$423.03	$423.03	$0.00	

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.

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.

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 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
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.

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:

56% of the maintenance costs are allocated to Reunion East and 44% are allocated to Reunion West during Fiscal Year 2020. The District is proposing an allocation of 58% of the maintenance costs to Reunion East and 42% to Reunion West during Fiscal Year 2021. 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 Kingwood Orlando Reunion Resort, LLC for management and operations of certain District facilities.

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	

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
44472 28386	000 Assembly Ct Lite, Carriage Point (27-Carriage Pointe Assembly Ct. St. Lights) 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)
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)

1300 Seven Eagles Ct, Fountain
0 Old Lake Wilson Rd Lite PH1 Prcl 1 (112-Homestead St. Lights) 7427 Sparkling Ct Spkl
7700 Linkside Loop Spkl
0 Old Lake Wilson Rd Lite PH2 Prcl 1 (10-Excitement Dr. St. Lights) 7755 Osceola Polk Line Rd,Gatehouse (Main Gatehouse)
7600 Tradition Blvd, Irrigation Meter C 700 Desert Mountain Ct Lift
000 Reunion Blvd Traditions Blvd (30-Traditions Blvd St. Lights) 84401 Golden Bear Drive Fountain
700 Tradition Blvd Guardhouse (Westside Gatehouse)
000 Reunion Blvd Par78 (Grand Traverse Pkwy) (69-Westside of RW Streets) 7800 Tradition Blvd Irrig Meter B
300 Sinclair Rd Irrig Meter A
7800 Tradition Blvd Irrig Meter A

79838 47399
80748 99057
82014 88555
82133 02524
90531 74565
92541 35155
92906 18477
95096 13119
04868 87236
15627 52104
30882 19259
33100 16279
64824 62462
92245 38200
97194 91147

Duke Energy Service Address

Account #

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, 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	

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 #	Teco Peoples Gas Service Address	
211010319849	7693 Heritage Crossing Way	
211010400144	7621 Heritage Crossing Way	
211010400342	7585 Assembly Ln	
211010400532	7475 Gathering Dr	

Heritage Crossing Pool A Heritage Crossing Pool B Homestead Pool
Carriage Point Pool

1715158842
2007210430
5752592741
5948185633

Infinite Energy Service Address

Account #

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.

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.

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.

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

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.

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

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.

	Adopted
Budget	Actual
thru	Projected
Next 6	Total
thru	Proposed
Budget	
Description	FY2020	3/31/20	Months	9/30/20	FY2021	

Revenues						
Transfer In	$382,571	$382,571	$0	$382,571	$355,219	
Interest	$25,000	$24,592	$10,408	$35,000	$25,000	
Total Revenues	$407,571	$407,163	$10,408	$417,571	$380,219	

Expenditures						
Building Improvements	$117,600	$0	$143,689	$143,689	$121,800	
Fountain Improvements	$14,000	$0	$0	$0	$14,500	
Gate/Gatehouse Improvements	$5,600	$0	$0	$0	$58,000	
Monument Inprovements	$14,000	$21,661	$0	$21,661	$14,500	
Pool Furniture	$8,400	$7,918	$0	$7,918	$14,500	
Pool Repair & Replacements	$47,600	$4,644	$25,537	$30,181	$49,300	
Lighting Improvements	$4,480	$0	$0	$0	$4,640	
Landscape Improvements	$140,000	$22,782	$56,750	$79,532	$116,000	
Roadway Improvements	$8,680	$2,033	$8,548	$10,581	$14,500	
Signage	$28,000	$0	$19,130	$19,130	$58,000	
Contingency	$0	$30,105	$0	$30,105	$29,000	
Total Expenditures	$388,360	$89,142	$253,654	$342,797	$494,740	
						
Excess Revenues/(Expenditures)	$19,211	$318,021	($243,246)	$74,774	($114,521)	
						
Fund Balance - Beginning	$2,934,206	$3,183,567	$0	$3,183,567	$3,258,341	
						
Fund Balance - Ending	$2,953,417	$3,501,588	($243,246)	$3,258,341	$3,143,820	

1

2

3

4

5

6

7

8

9

10

11

Notes:
(1 thru 11) is 56% of the shared costs with the remaining 44% allocated to Reunion West for FY20. For FY21, the proposed allocation will be 58% of the shared costs for Reunion East with the remaining 42% allocated to Reunion West.

FY 2020
Budget	FY 2020
Projections	Total Proposed
2021 Budget	Reunion East
58%	Reunion West
42%	
$210,000	$256,588	$210,000	$121,800	$88,200	
$25,000	$0	$25,000	$14,500	$10,500	
$10,000	$0	$100,000	$58,000	$42,000	
$25,000	$38,680	$25,000	$14,500	$10,500	
$15,000	$14,140	$25,000	$14,500	$10,500	
$85,000	$53,894	$85,000	$49,300	$35,700	
$8,000	$0	$8,000	$4,640	$3,360	
$250,000	$142,019	$200,000	$116,000	$84,000	
$15,500	$18,895	$25,000	$14,500	$10,500	
$50,000	$34,160	$100,000	$58,000	$42,000	
$0	$53,774	$50,000	$29,000	$21,000	
$693,500	$612,150	$853,000	$494,740	$358,260	

Shared Costs

Building Improvements
Fountain Improvements
Gate/Gatehouse Improvements
Monuments Improvements
Pool Furniture
Pool Repair & Replacements
Lighting Improvements
Landscape Improvements
Roadway Improvements
Signage
Contingency

FY2020 Proposed Expenses (Updated)	Amount	

Kingwood Orlando Reunion Resort Kingwood Orlando Reunion Resort

Enviro Tree Service Enviro Tree Service Yellowstone Landscaping Yellowstone Landscaping Yellowstone Landscaping Yellowstone Landscaping Yellowstone Landscaping Yellowstone Landscaping Yellowstone Landscaping Yellowstone Landscaping

JNJ Home Services

Spies Pool Spies Pool Spies Pool Spies Pool	Building Improvements
Interior/Exterior Painting - Horse Stables
Exterior Painting - Heritage Crossing Community Center HCCC Kitchen Renovations
Roof Replacement - Heritage Crossing Way

Landscape Improvements Hardwood Pruning - Tree Removal Hardwood Pruning - Tree Removal Excitement Drive Elm Removals
Gathering Drive/Linear Park Roadway Plant Upgrade Heritage Crossing Plant Upgrade
Homestead Jasmine Replacement Main Entrance Palm Replacement
Reunion Blvd & 532 Juniper Replacement Reunion Traffic Circle Jasmine Replacement Terraces Pool Plant Upgrades

Pool Furniture
30 Sling Chaise Lounge/24 Sling Dining Chairs/6 - 48" Tables

Pool Repair & Replacement
Seven Eagles 2 Spas Pool Resurfacing Heritage Crossing B Spa Resurfacing
2 Pool Heaters - $4,152 per Heater Heritage Crossing B Pool Resurfacing

Signage
Purchase & Installation of 44 Street Signs	
$42,000	
		$17,000	
		$40,000	
		$157,588	
		$256,588	
		
$9,775	
		$14,200	
		$8,032	
		$31,878	
		$38,056	
		$2,055	
		$12,476	
		$7,268	
		$3,628	
		$6,459	
		$133,826	
		
$14,040	
		$14,040	
		
$10,000	
		$6,587	
		$8,304	
		$29,015	
		$53,906	
		
$34,160	
		$34,160	

FY2021 Proposed Expenses	Amount	

Heritage Service Solutions LLC Heritage Service Solutions LLC Heritage Service Solutions LLC Heritage Service Solutions LLC Heritage Service Solutions LLC Heritage Service Solutions LLC Heritage Service Solutions LLC

Access Control Technologies

Yellowstone Landscaping Yellowstone Landscaping Yellowstone Landscaping Yellowstone Landscaping Yellowstone Landscaping

JNJ Home Services

Spies Pool Spies Pool Spies Pool

Fausnight Stripe & Line	Building Improvements
Main Guardhouse Structure & Portico - Pressure Wash, Paint, Stucco Spine Rd Structure & Portico - Pressure Wash, Paint, Stucco Carriage Pointe Pool - Pressure Wash, Paint, Stucco
Heritage Pool "A" - Pressure Wash, Paint, Stucco Heritage Pool "B" - Pressure Wash, Paint, Stucco Homestead Pool - Pressure Wash, Paint Stucco Repair/Rebuild Two Roadway Arbors

Gate/Gatehouse Improvements
Upgradge Access Control System

Landscape Improvements
Main Entrance Gatehouse Front & Large Island Back of Gatehouse Front of Spine Rd Gatehouse - Flax Lily & Indian Hawthorne Removal Homestead Monument Sign Island Bed - Ligustrum Trees
Spine Rd Island Beds
Liberty Bluff Back Entrance & Island Tip - Replace Jasmine

Pool Furniture
60 Sling Chaise Lounge/24 Sling Dining Chairs/6 - 48" Tables

Pool Repair & Replacement
Heritage Crossing A Wading Pool Resurfacing 2 Pool Heaters - $4,152 per Heater
Heritage Crossing A Pool Resurfacing

Signage
190 No Parking Signs	
$9,245	
		$8,450	
		$7,895	
		$8,245	
		$8,245	
		$7,895	
		$9,390	
		$59,365	
		
$75,485	
		$75,485	
		
$9,680	
		$2,720	
		$1,040	
		$9,134	
		$2,685	
		$25,259	
		
$23,220	
		$23,220	
		
$5,295	
		$8,304	
		$30,882	
		$44,481	
		
$60,800	
		$60,800	

Reunion East
Community Development District Proposed Budget
Series 2015A Debt Service
Fiscal Year 2021

	Adopted
Budget	Actual
thru	Projected
Next 6	Total
thru	Proposed
Budget	
Description	FY2020	3/31/20	Months	9/30/20	FY2021	

Revenues						
Special Assessments	$2,568,595	$2,093,112	$475,483	$2,568,595	$2,568,595	
Interest Income	$1,000	$8,801	$1,199	$10,000	$1,000	
Carry Forward Surplus	$891,203	$910,621	$0	$910,621	$887,167	
Total Revenue	$3,460,798	$3,012,535	$476,682	$3,489,217	$3,456,762	

Expenditures						
Interest Expense 11/01	$641,025	$641,025	$0	$641,025	$614,625	
Principal Expense 05/01	$1,320,000	$0	$1,320,000	$1,320,000	$1,375,000	
Interest Expense 05/01	$641,025	$0	$641,025	$641,025	$614,625	
Total Expenses	$2,602,050	$641,025	$1,961,025	$2,602,050	$2,604,250	
						
EXCESS REVENUES	$858,748	$2,371,510	($1,484,343)	$887,167	$852,512	
				
11/1/2021 Interest	
$580,250	
				Net Assessments	$2,568,595	
Add: Discounts & Collections 		$163,953 Gross Assessments 	$2,732,548 

Reunion East Projected EAU Calculation 2015A		
			Total	% of	Total	Per Unit Gross	
Product Type	EAU	Units	EAU	EAU	Assessments	Assessments	
Commercial	1.00	58.78	58.78	1.67%	$45,654	$777	
Multi-Family	1.50	1,287.00	1,930.50	54.87%	$1,499,407	$1,165	
Single-Family	2.00	763.00	1,526.00	43.37%	$1,185,234	$1,553	
Golf	1.00	2.90	2.90	0.08%	$2,252	$777	
		2,111.68	3,518.18	100.00%	$2,732,548		

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	
					
11/01/20	$24,600,000.00	$0	$	614,625.00	$614,625	
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	
		$24,585,000	$	9,457,000.00	$34,042,000	

Reunion East
Community Development District Proposed Budget
Series 2015-1 Debt Service
Fiscal Year 2021

	Adopted
Budget	Actual
thru	Projected
Next 6	Total
thru	Proposed
Budget	
Description	FY2020	3/31/20	Months	9/30/20	FY2021	

Revenues						
Special Assessments	$225,370	$122,026	$103,344	$225,370	$228,765	
Interest	$1,000	$14,863	$2,137	$17,000	$1,000	
Carry Forward Surplus	$4,470,778	$4,472,055	$0	$4,472,055	$203,165	
Total Revenue	$4,697,148	$4,608,943	$105,481	$4,714,425	$432,930	

Expenditures						
Special Call 11/01	$4,150,000	$4,150,000	$0	$4,150,000	$0	
Interest Expense 11/01	$204,105	$204,105	$0	$204,105	$64,185	
Principal Expense 05/01	$90,000	$0	$90,000	$90,000	$100,000	
Interest Expense 05/01	$67,155	$0	$67,155	$67,155	$64,185	
Total Expenses	$4,511,260	$4,354,105	$157,155	$4,511,260	$228,370	
						
Excess Revenues (Expenditures)	$185,888	$254,838	($51,674)	$203,165	$204,560	

11/1/2021 Interest	$60,885

Net Annual	Net Annual	Net Annual	
Description	Series 2015-1	Series 2015-2	Series 2015-3	
0C30	$	5,053	$	-	$	-	
Tax Roll	$	26,531	$	-	$	-	
FD30	$	133,942	$	153,379	$	68,334	
FD20	$	57,603	$	65,971	$	29,654	
Citi Comm.	$	5,636	$	6,455	$	-	
01C0(Revised Net)	$	-	$	367,720	$	231,508	
Total	$	228,765	$	593,525	$	329,496	

Reunion East Community Development District
Series 2015-1 Special Assessment Refunding Bonds Debt Service Schedule
AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
						
11/01/20	$1,945,000.00	6.600%	$0.00	$64,185.00	$64,185.00	
05/01/21	$1,945,000.00	6.600%	$100,000.00	$64,185.00		
11/01/21	$1,845,000.00	6.600%	$0.00	$60,885.00	$225,070.00	
05/01/22	$1,845,000.00	6.600%	$105,000.00	$60,885.00		
11/01/22	$1,740,000.00	6.600%	$0.00	$57,420.00	$223,305.00	
05/01/23	$1,740,000.00	6.600%	$110,000.00	$57,420.00		
11/01/23	$1,630,000.00	6.600%	$0.00	$53,790.00	$221,210.00	
05/01/24	$1,630,000.00	6.600%	$120,000.00	$53,790.00		
11/01/24	$1,510,000.00	6.600%	$0.00	$49,830.00	$223,620.00	
05/01/25	$1,510,000.00	6.600%	$130,000.00	$49,830.00		
11/01/25	$1,380,000.00	6.600%	$0.00	$45,540.00	$225,370.00	
05/01/26	$1,380,000.00	6.600%	$135,000.00	$45,540.00		
11/01/26	$1,245,000.00	6.600%	$0.00	$41,085.00	$221,625.00	
05/01/27	$1,245,000.00	6.600%	$145,000.00	$41,085.00		
11/01/27	$1,100,000.00	6.600%	$0.00	$36,300.00	$222,385.00	
05/01/28	$1,100,000.00	6.600%	$155,000.00	$36,300.00		
11/01/28	$945,000.00	6.600%	$0.00	$31,185.00	$222,485.00	
05/01/29	$945,000.00	6.600%	$165,000.00	$31,185.00		
11/01/29	$780,000.00	6.600%	$0.00	$25,740.00	$221,925.00	
05/01/30	$780,000.00	6.600%	$175,000.00	$25,740.00		
11/01/30	$605,000.00	6.600%	$0.00	$19,965.00	$220,705.00	
05/01/31	$605,000.00	6.600%	$190,000.00	$19,965.00		
11/01/31	$415,000.00	6.600%	$0.00	$13,695.00	$223,660.00	
05/01/32	$415,000.00	6.600%	$200,000.00	$13,695.00		
11/01/32	$215,000.00	6.600%	$0.00	$7,095.00	$220,790.00	
05/01/33	$215,000.00	6.600%	$215,000.00	$7,095.00	$222,095.00	
			$1,945,000.00	$1,013,430.00	$2,958,430.00	

Reunion East
Community Development District Proposed Budget
Series 2015-2 Debt Service
Fiscal Year 2021

	Adopted
Budget	Actual
thru	Projected
Next 6	Total
thru	Proposed
Budget	
Description	FY2020	3/31/20	Months	9/30/20	FY2021	

Revenues						
Special Assessments	$593,440	$387,824	$205,616	$593,440	$593,525	
Interest	$1,000	$7,754	$2,246	$10,000	$1,000	
Carry Forward Surplus	$1,825,115	$1,826,957	$0	$1,826,957	$230,607	
Total Revenue	$2,419,555	$2,222,535	$207,862	$2,430,397	$825,132	

Expenditures						
Special Call 11/01	$1,550,000	$1,550,000	$0	$1,550,000	$0	
Interest Expense 11/01	$250,470	$250,470	$0	$250,470	$192,720	
Principal Expense 05/01	$200,000	$0	$200,000	$200,000	$215,000	
Interest Expense 05/01	$199,320	$0	$199,320	$199,320	$192,720	
Total Expenses	$2,199,790	$1,800,470	$399,320	$2,199,790	$600,440	
						
Excess Revenues (Expenditures)	$219,765	$422,065	($191,458)	$230,607	$224,692	

11/1/2021 Interest	$185,625

Net Annual	Net Annual	Net Annual	
Description	Series 2015-1	Series 2015-2	Series 2015-3	
0C30	$	5,053	$	-	$	-	
Tax Roll	$	26,531	$	-	$	-	
FD30	$	133,942	$	153,379	$	68,334	
FD20	$	57,603	$	65,971	$	29,654	
Citi Comm.	$	5,636	$	6,455	$	-	
01C0(Revised Net)	$	-	$	367,720	$	231,508	
Total	$	228,765	$	593,525	$	329,496	

Reunion East Community Development District
Series 2015-2 Special Assessment Refunding Bonds Debt Service Schedule
AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
						
11/01/20	$5,840,000.00	6.600%	$0.00	$192,720.00	$192,720.00	
05/01/21	$5,840,000.00	6.600%	$215,000.00	$192,720.00		
11/01/21	$5,625,000.00	6.600%	$0.00	$185,625.00	$593,345.00	
05/01/22	$5,625,000.00	6.600%	$225,000.00	$185,625.00		
11/01/22	$5,400,000.00	6.600%	$0.00	$178,200.00	$588,825.00	
05/01/23	$5,400,000.00	6.600%	$245,000.00	$178,200.00		
11/01/23	$5,155,000.00	6.600%	$0.00	$170,115.00	$593,315.00	
05/01/24	$5,155,000.00	6.600%	$260,000.00	$170,115.00		
11/01/24	$4,895,000.00	6.600%	$0.00	$161,535.00	$591,650.00	
05/01/25	$4,895,000.00	6.600%	$275,000.00	$161,535.00		
11/01/25	$4,620,000.00	6.600%	$0.00	$152,460.00	$588,995.00	
05/01/26	$4,620,000.00	6.600%	$295,000.00	$152,460.00		
11/01/26	$4,325,000.00	6.600%	$0.00	$142,725.00	$590,185.00	
05/01/27	$4,325,000.00	6.600%	$315,000.00	$142,725.00		
11/01/27	$4,010,000.00	6.600%	$0.00	$132,330.00	$590,055.00	
05/01/28	$4,010,000.00	6.600%	$340,000.00	$132,330.00		
11/01/28	$3,670,000.00	6.600%	$0.00	$121,110.00	$593,440.00	
05/01/29	$3,670,000.00	6.600%	$360,000.00	$121,110.00		
11/01/29	$3,310,000.00	6.600%	$0.00	$109,230.00	$590,340.00	
05/01/30	$3,310,000.00	6.600%	$385,000.00	$109,230.00		
11/01/30	$2,925,000.00	6.600%	$0.00	$96,525.00	$590,755.00	
05/01/31	$2,925,000.00	6.600%	$410,000.00	$96,525.00		
11/01/31	$2,515,000.00	6.600%	$0.00	$82,995.00	$589,520.00	
05/01/32	$2,515,000.00	6.600%	$440,000.00	$82,995.00		
11/01/32	$2,075,000.00	6.600%	$0.00	$68,475.00	$591,470.00	
05/01/33	$2,075,000.00	6.600%	$470,000.00	$68,475.00		
11/01/33	$1,605,000.00	6.600%	$0.00	$52,965.00	$591,440.00	
05/01/34	$1,605,000.00	6.600%	$500,000.00	$52,965.00		
11/01/34	$1,105,000.00	6.600%	$0.00	$36,465.00	$589,430.00	
05/01/35	$1,105,000.00	6.600%	$535,000.00	$36,465.00		
11/01/35	$570,000.00	6.600%	$0.00	$18,810.00	$590,275.00	
05/01/36	$570,000.00	6.600%	$570,000.00	$18,810.00	$588,810.00	
			$5,840,000.00	$3,804,570.00	$9,644,570.00	

Reunion East
Community Development District Proposed Budget
Series 2015-3 Debt Service
Fiscal Year 2021

	Adopted
Budget	Actual
thru	Projected
Next 6	Total
thru	Proposed
Budget	
Description	FY2020	3/31/20	Months	9/30/20	FY2021	

Revenues						
Special Assessments	$336,265	$225,014	$111,251	$336,265	$329,496	
Interest	$500	$439	$211	$650	$500	
Carry Forward Surplus	$104,353	$104,541	$0	$104,541	$105,487	
Total Revenue	$441,118	$329,995	$111,462	$441,457	$435,483	

Expenditures						
Interest Expense 11/01	$100,485	$100,485	$0	$100,485	$96,030	
Principal Expense 05/01	$135,000	$0	$135,000	$135,000	$145,000	
Interest Expense 05/01	$100,485	$0	$100,485	$100,485	$96,030	
Total Expenses	$335,970	$100,485	$235,485	$335,970	$337,060	
						
Excess Revenues (Expenditures)	$105,148	$229,510	($124,023)	$105,487	$98,423	

11/1/2021 Interest	$91,245

Net Annual	Net Annual	Net Annual	
Description	Series 2015-1	Series 2015-2	Series 2015-3	
0C30	$	5,053	$	-	$	-	
Tax Roll	$	26,531	$	-	$	-	
FD30	$	133,942	$	153,379	$	68,334	
FD20	$	57,603	$	65,971	$	29,654	
Citi Comm.	$	5,636	$	6,455	$	-	
01C0(Revised Net)	$	-	$	367,720	$	231,508	
Total	$	228,765	$	593,525	$	329,496	

Reunion East Community Development District
Series 2015-3 Special Assessment Refunding Bonds Debt Service Schedule
AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
						
11/01/20	$2,910,000.00	6.600%	$0.00	$96,030.00	$96,030.00	
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	
			$2,910,000.00	$1,521,630.00	$4,431,630.00