Proposed Budget	
Fiscal Year 2019	

Lake Ashton II Community	
Development District	

August 11, 2018

Lake Ashton II	
Community Development District	

TABLE OF CONTENTS

General Fund	
Budget	
Narrative-Administrative	
Narrative-Field	

Page 1-2	
Page 3-4	
Page 5-6	

Capital Projects Fund	
Budget	

Page 7

Debt Service Fund	
Budget - Series 2005A	
Amortization Schedule - 2005A	

Page 8	
Page 9	

Budget - Series 2006A	
Amortization Schedule - 2006A	

Page 10	
Page 11	

Lake Ashton II	
Community Development District	

  	
 TOTAL ADMINISTRATIVE EXPENDITURES	 	$125,290 	$95,468 	$28,344 

General Fund

Total		Proposed	
Projected		Budget	
     9/30/2018 		 	FY 2019		

$1,254,149	$1,218,686	
$6,191	$1,500	
$11,793	$5,000	
$223	$0	
$262,847	$205,797	

Adopted		Actual		Projected	
Budget		Thru		Next	
 	FY 2018			    6/30/2018 		     3 Months 	

$0	
$1,548	
$500	
$0	
$0	

 TOTAL REVENUES		      $1,498,440 	     $1,533,155 	 	$2,048 	
EXPENDITURES:	
ADMINISTRATIVE	
Arbitrage Consultant	$2,500	$600	$600	
Annual Audit	$5,600	$5,600	$0	
Attorney	$20,000	$11,833	$3,944	
Computer Time	$1,000	$750	$250	
Dissemination Agent	$6,000	$4,500	$1,500	
Dues, Licenses & Subscriptions	$175	$175	$0	
Insurance	$30,558	$30,033	$0	
Legal Advertising	$500	$230	$196	
Management Fees	$47,408	$35,556	$11,852	
Office Supplies	$300	$74	$25	
Other Current Charges	$2,000	$4,251	$2,830	
Postage	$1,500	$1,111	$370	
Printing & Binding	$1,200	$755	$252	
Telephone	$50	$0	$25	
Trustee Fees	$6,500	$0	$6,500	

 Description	
REVENUES:
Special Assessments - Tax Collector	

$1,218,686	

$1,254,149	
Interest Earned	$1,500	$4,643	
Rental Fees	$5,000	$11,293	
Miscellaneous Revenues	$0	$223	
Carry Forward Surplus	$273,254	$262,847	

      $1,535,203 	$1,430,984 

$1,200	$1,200	
$5,600	$6,000	
$15,778	$20,000	
$1,000	$1,000	
$6,000	$6,000	
$175	$175	
$30,033	$33,036	
$426	$500	
$47,408	$45,000	
$98	$300	
$7,082	$2,700	
$1,481	$1,500	
$1,007	$1,500	
$25	$50	
$6,500	$6,500	
 	$123,812 	 	$125,461 	

Lake Ashton II	
Community Development District	

Adopted		Actual		Projected	
Budget		Thru		Next	
 	FY 2018			    6/30/2018 		     3 Months 	

Total		Proposed	
Projected		Budget	
     9/30/2018 		 	FY 2019		

General Fund

Athletic Equipment	$6,000	$0	$6,000	
Building Contract Services	$46,920	$47,402	$20,990	
Building/Grounds Maintenance Supplies	$16,700	$74,218	$9,000	
Contingency	$20,000	$8,563	$11,437	
Engineering	$12,000	$11,244	$2,736	
HFC Special Events	$3,000	$1,294	$1,706	
Landscape/Lake Contract Services	$152,712	$128,303	$41,630	
Office Supplies/Printing/Binding	$10,000	$4,881	$1,627	
Permits/Inspections	$1,500	$970	$317	
Personnel Expenses	$214,455	$137,728	$45,909	
Plant/Tree Replacement	$10,000	$0	$4,500	
Pond Repairs	$0	$5,900	$1,350	
Security Contract Services	$246,300	$189,153	$57,147	
Utilities	$207,767	$141,327	$56,984	
 TOTAL FIELD EXPENDITURES		 	$947,354 	 	$750,983 	 	$261,334 	
First Quarter Operating Reserves	$205,797	$0	$0	

$6,000	$10,000	
$68,392	$51,160	
$83,218	$27,248	
$20,000	$30,000	
$13,980	$8,000	
$3,000	$3,000	
$169,933	$172,222	
$6,508	$10,000	
$1,287	$1,500	
$183,637	$214,283	
$4,500	$0	
$7,250	$0	
$246,300	$250,804	
$198,311	$207,767	
      $1,012,316 	 	$985,983 	
$0	$205,797	

 Description	 FIELD EXPENDITURES
 TOTAL RESERVE EXPENDITURES	 	$205,797 	$0 	$0	 	$0 	$205,797 

OTHER SOURCES/(USES)	
Interfund Transfers In/(Out)	

($220,000)	$0	($193,277)	($193,277)	($113,742)

 TOTAL EXPENDITURES	 $1,498,440 	$846,451 	$482,955	 $1,329,406 	$1,430,984 

 Assigned Fund Balance		$0	$686,704	($480,907)	$205,797	$0	

FY 2016	FY 2017	FY 2018	FY 2019	
NET ASSESSMENTS	$1,259,017	$1,259,017	$1,218,686	$1,218,686	
PLUS COLLECTION FEES (7%)	$94,765	$94,765	$91,729	$91,729	
GROSS ASSESSMENTS	$1,353,782	$1,353,782	$1,310,416	$1,310,416	
NO. OF TOTAL PLANNED UNITS	703	703	680	680	
GOLF COURSE	15	15	15	15	
GROSS PER UNIT ASSESSMENT	$1,885	$1,885	$1,885	$1,885	

LAKE ASHTON II 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 the platted property within the District and certify to the Polk County Tax Collector for collection to fund operating expenditures of the District.

Interest Earned:
The District will have all excess funds invested with the State Board of Administration. The amount is based upon the estimated average balance of funds available during the fiscal year.

Rental Fees:
Represents miscellaneous income received for activities held at the HCF.

EXPENDITURES:

ADMINISTRATIVE:

Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District's Series 2005A&B and Series 2006A&B Capital Improvement Revenue Bonds.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Attorney
The District's legal counsel will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, etc.

Computer Time
The District processes all of its financial activities, i.e., accounts payable, financial statements, etc. on a mainframe computer leased by Governmental Management Services.

Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c) (2)-12(b) (5), which relates to additional reporting requirements for un-rated bond issues.

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

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies.

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2019

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

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services. These services are further outlined in Exhibit "A" of the Management Agreement.

Office Supplies
Miscellaneous office supplies.

Other Current Charges
Bank charges and any other miscellaneous expenses that are incurred during the year.

Postage:
Mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.
Telephone
Telephone and fax machine.

Trustee Fees
The District issued Series 2005A&B and Series 2006A&B Capital Improvement Revenue 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.

LAKE ASHTON II	
COMMUNITY DEVELOPMENT DISTRICT	
GENERAL FUND BUDGET	
FISCAL YEAR 2019	

Athletic Equipment	
All exercise equipment purchased/repaired.	
Maintenance with Commercial Fitness.	

Annual Contract	
$10,000	

Building Contract Services	
Alarm/Fire Sprinklers-Hartline	
Cleaning-Magic Genie	
Pool & Spa - Pool Sure	

Annual Contract	
$1,800	
$39,360	
$10,000	

Building/Grounds Maintenance & Supplies	
Building – Paper goods, small repair items, misc. chemicals and cleaning supplies	
Grounds - HFC Grounds, Dog Park. Blvd., Courts	
Pest Control	

Annual Contract	
$9,848	
$15,400	
$2,000	

Contingency	
A contingency for any unanticipated and/or unscheduled costs to the District.	

Engineering Fees	
The District's engineer will b providing general engineering services to the District including	
attendance and preparation for board meetings, etc.	

$8,000

HFS Special Events	
The District will have shows, dances, and other events throughout the year.	

$3,000

Landscape Contract Services	
Lake Maintenance-Applied Aquatics	
Mowing, irrigation, and plant replacement - Yellowstone	
Irrigation Repairs	

Annual Contract	
$14,200	
$156,022	
$2,000	

Office Supplies/Printing & Binding	
DEX-Copier lease and printing costs	
The District will have office supplies such as paper, toner, etc.	

$3,314	
$6,686	

Permits/Inspections	
The District is required to renew permits and other inspections on a annual basis with the City	
of Winter Haven, Polk County, and The State of Florida to comply with regulations.	

Personnel Expenses	$214,	
1099 Hourly Employees	
FICA-Employer's share of Social Security and Medicare taxes withheld from employee wages.	
Health Insurance Coverage-Reimbursement to the HFC employees for their health insurance coverage.	
Salaries & Wages-The District has employed personnel to manage and supervise the Health Fitness Center.	
WC Insurance-The District's Workers Compensation Insurance policy is with SUMMIT.	

455

Security Contract Services	
Gate Attendants and Roving Patrols - Securitas	
Video Security - ADT	

Annual Contract	
$249,504	
$1,300	

Utilities
Electric - TECO

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2019

	SERVICE		
ACCOUNTS	ADDESS	ANNUAL	
0921-0564191	7900 CR 653 IRR	$560	
0921-0564001	7900 653 RD GRD HSE	$1,550	
0921-0568421	4000 MULLIGAN LN	$2,000	
0921-0568501	6052 PEBBLE BEACH BL	$25,600	
0921-0579621	PEBBLE BEACH/ASHTON BL	$3,400	
0921-0567531	ASHTON PALMS PH1 DR	$61,200	
0921-0679410	HOGAN LANE	$5,500	
	SAWGRASS DRIVE, ST LIGHT	$24,700	
	LA PHASE II N, ST LIGHT	$16,220	
	TOTAL	$140,730	

Refuse - Florida Refuse	
Propane - Amerigas	
Telephone/Internet - Brighthouse (Spectrum)	

$4,550	
$25,000	
$14,000	

Water - City of Winter Haven
ACCOUNT	SERVICE		
NUMBER	ADDRESS	ANNUAL	
	NEW ACCOUNTS		
792401	7900 COUNTY RD-653 GUARD HOUSE	$7,532	
792402	6052 PEBBLE BEACH BLVD	$12,755	
792403	5135 WINGED FT LN D PARK #1RR	$2,284	
792406	LOT 293 W S. DOG PARK	$915	
TOTAL		$23,487	

CAPITAL RESERVES

Capital Projects	
Represents the estimated capital reserve funding for capital expenditures that will be transferred	
to the Capital Projects Fund. See page 7 for the Capital Projects Fund Budget.	

$5,000	
$2,540	
$5,000	
$3,000	
$10,000	
$10,860	
$22,165	
$23,000	
$26,274	
 	$177,839 	
$535,492	

$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
 	$70,000 	
$574,840	

$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
 	$70,000 	
$610,588	

$0	$0	
$0	$0	
$0	$0	
$0	$0	
$0	$0	
$0	$0	
$0	$0	
$0	$0	
$0	$0	
 	$70,000 	 	$70,000 	
$646,694	$683,161	

Lake Ashton II
Community Development District	Capital Projects

Adopted	
Budget	
 	FY 2018		

Actual	
Thru	
 	6/30/2018		

Projected	
Next	
 	3 Months		

Total		Proposed	
Projected		Budget	
 	9/30/2018			 	FY 2019		

Revenues	
Capital Reserve - Transfer In	
Interest Income	
Carry Forward Surplus	

 Description	

$113,742	
$1,000	
$598,589	

$220,000	
$0	
$540,139	

$0	
$4,919	
$540,139	

$193,277	
$1,640	
$0	

$193,277	
$6,559	
$540,139	

(1)

     TOTAL REVENUES		 	$760,139	 	$545,058	 	$194,917	 	$739,975 	$713,331 

Expenditures	
Capital Projects - FY18	
Athletic Equipment	
Drain System/Gutters	
Pond Repairs and Maintenance	
Pickleball Courts	
Paving Parking Lot/Lights	
Road Repairs	
Windows/Doors	
LED Lighting	
Other Current Charges - Bank Charges	
Other Capital Project Expenses	

$0	
$0	
$25,000	
$30,000	
$90,000	
$75,000	
$0	
$0	
$0	
$540,139	

$1,414	
$5,275	
$9,150	
$43,742	
$37,861	
$7,526	
$34,760	
$726	
$466	
$0	

$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$466	
$0	

$1,414	
$5,275	
$9,150	
$43,742	
$37,861	
$7,526	
$34,760	
$726	
$932	
$0	

$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$177,839	

     TOTAL EXPENDITURES		 	$760,139	 	$140,919	 	$466	 	$141,385 	$177,839 

     EXCESS REVENUES		$0	$404,139	$194,450	$598,589	$535,492

$10,000	
$25,000	
$5,000	
$5,000	
$15,000	
$10,000	

$10,000	
$25,000	
$5,000	
$5,000	
$15,000	
$10,000	

$10,000	
$25,000	
$5,000	
$5,000	
$15,000	
$10,000	

$10,000	
$25,000	
$5,000	
$5,000	
$15,000	
$10,000	

$10,000	
$25,000	
$5,000	
$5,000	
$15,000	
$10,000	

   	

Revenues	
Capital Reserves - Transfer In	
Interest Income	
Carry Forward Surplus	
Total	
Annual Projected Expenses:	
HFC Building	
Roadways	
Computers	
Equipment	
Landscape Replacement	
Other Capital Projects	
Specific Projects:	
Microphone/Sound System	
Sandblast Patio Furniture	
Kitchen Upgrades/Microwaves	
Handicap Entrance Door	
Tree Replacement - Ashton Blvd.	
LED Lighting Fixtures	
Window Coverings	
Replace Flooring - HFC	
Landscaping - New Parking Lot	
 Total Expenditures		
 Excess Revenues		

 	

Fiscal Year 2019	
$113,742	
$1,000	
$598,589	
$713,331	

 	

Fiscal Year 2020	
$100,000	
$5,395	
$539,445	
$644,840	

 	

Fiscal Year 2021	
$100,000	
$5,748	
$574,840	
$680,588	

 	

Fiscal Year 2022	Fiscal Year 2023	
$100,000	$100,000	
$6,106	$6,467	
$610,588	$646,694	
$716,694	$753,161	

Lake Ashton II
Community Development District	Debt Service Fund

Adopted	
Budget	
 	FY 2018		

Actual	
Thru	
 	6/30/2018		

Projected	
Next	
 	3 Months		

Total		Proposed	
Projected		Budget	
 	9/30/2018			 	FY 2019		

Series 2005A

Revenues	
Assessments - On Roll (A)	
Prepayments	
Interest Income	
Carry Forward Surplus	

 Description	

$436,872	
$0	
$1,000	
$161,768	

$436,872		$445,823	
$0		$40,219	
$1,000		$3,735	
$185,650		$232,397	

$0	
$0	
$1,245	
$0	

$445,823	
$40,219	
$4,979	
$232,397	

(1)

(2)

     TOTAL REVENUES		 	$623,522	 	$722,174	 	$1,245	 	$723,419 	$599,640 

Expenditures	
Series 2005A	
Interest - 11/1	
Special Call - 11/1	
Interest - 5/1	
Principal - 5/1	
Special Call - 5/1	

$139,347	
$30,000	
$139,347	
$160,000	
$0	

$139,347	
$80,000	
$137,304	
$160,000	
$45,000	

$0	
$0	
$0	
$0	
$0	

$139,347	
$80,000	
$137,304	
$160,000	
$45,000	

$131,688
$0
$131,688
$165,000
$0

     TOTAL EXPENDITURES		 	$468,694	 	$561,651	 	$0	 	$561,651 	$428,375 

$1,245	$161,768	$171,265

	     EXCESS REVENUES		$154,828	$160,523	

(1)	Maximum Annual Debt Service	
(2)	Carry forward surplus is net of the reserve requirement and Deferred Costs	

11/1/2019 Interest	$127,253
2005 A

FY 2017	FY 2018	FY 2019	
NET ASSESSMENTS	$443,921.99	$436,871.99	$436,871.99	
PLUS COLLECTION FEES (7%)	$33,413.48	$32,882.84	$32,882.84	
GROSS ASSESSMENTS	$477,335.47	$469,754.83	$469,754.83	
NO. OF UNITS	351	345	345	
GOLF COURSE	$33,868	$33,868	$33,868	
GROSS PER UNIT ASSESSMENT	$1,263.44	$1,263.44	$1,263.44	

Amortization Schedule	
Series 2005A, Capital Improvement Revenue Bonds	

Lake Ashton II
Community Development District

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	

05/01/18	$	5,105,000.00	5.38%	$	205,000.00	$	137,196.88	$	-	
11/01/18	$	4,900,000.00	5.38%	$	-	$	131,687.50	$	473,884.38	
05/01/19	$	4,900,000.00	5.38%	$	165,000.00	$	131,687.50	$	-	
11/01/19	$	4,735,000.00	5.38%	$	-	$	127,253.13	$	423,940.63	
05/01/20	$	4,735,000.00	5.38%	$	175,000.00	$	127,253.13	$	-	
11/01/20	$	4,560,000.00	5.38%	$	-	$	122,550.00	$	424,803.13	
05/01/21	$	4,560,000.00	5.38%	$	185,000.00	$	122,550.00	$	-	
11/01/21	$	4,375,000.00	5.38%	$	-	$	117,578.13	$	425,128.13	
05/01/22	$	4,375,000.00	5.38%	$	195,000.00	$	117,578.13	$	-	
11/01/22	$	4,180,000.00	5.38%	$	-	$	112,337.50	$	424,915.63	
05/01/23	$	4,180,000.00	5.38%	$	205,000.00	$	112,337.50	$	-	
11/01/23	$	3,975,000.00	5.38%	$	-	$	106,828.13	$	424,165.63	
05/01/24	$	3,975,000.00	5.38%	$	215,000.00	$	106,828.13	$	-	
11/01/24	$	3,760,000.00	5.38%	$	-	$	101,050.00	$	422,878.13	
05/01/25	$	3,760,000.00	5.38%	$	230,000.00	$	101,050.00	$	-	
11/01/25	$	3,530,000.00	5.38%	$	-	$	94,868.75	$	425,918.75	
05/01/26	$	3,530,000.00	5.38%	$	240,000.00	$	94,868.75	$	-	
11/01/26	$	3,290,000.00	5.38%	$	-	$	88,418.75	$	423,287.50	
05/01/27	$	3,290,000.00	5.38%	$	255,000.00	$	88,418.75	$	-	
11/01/27	$	3,035,000.00	5.38%	$	-	$	81,565.63	$	424,984.38	
05/01/28	$	3,035,000.00	5.38%	$	270,000.00	$	81,565.63	$	-	
11/01/28	$	2,765,000.00	5.38%	$	-	$	74,309.38	$	425,875.00	
05/01/29	$	2,765,000.00	5.38%	$	285,000.00	$	74,309.38	$	-	
11/01/29	$	2,480,000.00	5.38%	$	-	$	66,650.00	$	425,959.38	
05/01/30	$	2,480,000.00	5.38%	$	300,000.00	$	66,650.00	$	-	
11/01/30	$	2,180,000.00	5.38%	$	-	$	58,587.50	$	425,237.50	
05/01/31	$	2,180,000.00	5.38%	$	315,000.00	$	58,587.50	$	-	
11/01/31	$	1,865,000.00	5.38%	$	-	$	50,121.88	$	423,709.38	
05/01/32	$	1,865,000.00	5.38%	$	335,000.00	$	50,121.88	$	-	
11/01/32	$	1,530,000.00	5.38%	$	-	$	41,118.75	$	426,240.63	
05/01/33	$	1,530,000.00	5.38%	$	355,000.00	$	41,118.75	$	-	
11/01/33	$	1,175,000.00	5.38%	$	-	$	31,578.13	$	427,696.88	
05/01/34	$	1,175,000.00	5.38%	$	370,000.00	$	31,578.13	$	-	
11/01/34	$	805,000.00	5.38%	$	-	$	21,634.38	$	423,212.50	
05/01/35	$	805,000.00	5.38%	$	390,000.00	$	21,634.38	$	-	
11/01/35	$	415,000.00	5.38%	$	-	$	11,153.13	$	422,787.50	
05/01/36	$	415,000.00	5.38%	$	415,000.00	$	11,153.13	$	426,153.13	

 	TOTAL	

  $	5,105,000.00 

  $	3,015,778.13 

  $	8,120,778.13 

Page 9

Lake Ashton II	
Community Development District	

 	
Debt Service Fund	
Series 2006A	

Adopted	
Budget	
 	FY 2018		

Actual	
Thru	
 	6/30/2018		

Projected	
Next	
 	3 Months		

Total	
Projected	
 	9/30/2018		

Proposed	
Budget	
 	FY 2019		

 Description	

Revenues	
Other Revenue Sources	
Special Assessments	
Interest Earned	
Carry Forward Surplus	

$79,288		$89,288	
$315,038		$324,108	
$0		$1,367	
$0		$0	

$0	
$0	
$750	
$0	

$89,288		$0	
$324,108		$315,038	
$2,117		$0	
$0		$116,284	

     TOTAL REVENUES		 	$394,326	 	$414,762	 	$750	 	$415,512	 	$431,322

Expenditures	
Interest - 11/1	
Interest - 5/1	
Principal - 5/1	

$79,288	
$104,940	
$105,000	

$79,288	
$104,940	
$115,000	

$0	
$0	
$0	

$79,288	
$104,940	
$115,000	

     TOTAL EXPENDITURES	 	$289,228	 	$299,228	 	$0	 	$299,228 

     EXCESS REVENUES		 	$105,098	 	$115,534	 	$750	 	$116,284	 	$117,537 

$101,893	
$101,893	
$110,000	
 	$313,785 	

11/1/2019 Interest	$98,978

FY 2019	
NET ASSESSMENTS	$315,037.50	
PLUS COLLECTION FEES (7%)	$23,712.50	
GROSS ASSESSMENTS	$338,750.00	
NO. OF UNITS	271	
GROSS PER UNIT ASSESSMENT	$1,250.00	

Lake Ashton II	Amortization Schedule	
Community Development District	Series 2006A, Capital Improvement Revenue Bonds	
DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	

05/01/18	$	3,960,000.00	5.30%	$	115,000.00	$	104,940.00	
11/01/18	$	3,845,000.00	5.30%	$	-	$	101,892.50	$	321,832.50	
05/01/19	$	3,845,000.00	5.30%	$	110,000.00	$	101,892.50	
11/01/19	$	3,735,000.00	5.30%	$	-	$	98,977.50	$	310,870.00	
05/01/20	$	3,735,000.00	5.30%	$	115,000.00	$	98,977.50	
11/01/20	$	3,620,000.00	5.30%	$	-	$	95,930.00	$	309,907.50	
05/01/21	$	3,620,000.00	5.30%	$	125,000.00	$	95,930.00	
11/01/21	$	3,495,000.00	5.30%	$	-	$	92,617.50	$	313,547.50	
05/01/22	$	3,495,000.00	5.30%	$	130,000.00	$	92,617.50	
11/01/22	$	3,365,000.00	5.30%	$	-	$	89,172.50	$	311,790.00	
05/01/23	$	3,365,000.00	5.30%	$	135,000.00	$	89,172.50	
11/01/23	$	3,230,000.00	5.30%	$	-	$	85,595.00	$	309,767.50	
05/01/24	$	3,230,000.00	5.30%	$	145,000.00	$	85,595.00	
11/01/24	$	3,085,000.00	5.30%	$	-	$	81,752.50	$	312,347.50	
05/01/25	$	3,085,000.00	5.30%	$	155,000.00	$	81,752.50	
11/01/25	$	2,930,000.00	5.30%	$	-	$	77,645.00	$	314,397.50	
05/01/26	$	2,930,000.00	5.30%	$	160,000.00	$	77,645.00	
11/01/26	$	2,770,000.00	5.30%	$	-	$	73,405.00	$	311,050.00	
05/01/27	$	2,770,000.00	5.30%	$	170,000.00	$	73,405.00	
11/01/27	$	2,600,000.00	5.30%	$	-	$	68,900.00	$	312,305.00	
05/01/28	$	2,600,000.00	5.30%	$	180,000.00	$	68,900.00	
11/01/28	$	2,420,000.00	5.30%	$	-	$	64,130.00	$	313,030.00	
05/01/29	$	2,420,000.00	5.30%	$	190,000.00	$	64,130.00	
11/01/29	$	2,230,000.00	5.30%	$	-	$	59,095.00	$	313,225.00	
05/01/30	$	2,230,000.00	5.30%	$	200,000.00	$	59,095.00	
11/01/30	$	2,030,000.00	5.30%	$	-	$	53,795.00	$	312,890.00	
05/01/31	$	2,030,000.00	5.30%	$	210,000.00	$	53,795.00	
11/01/31	$	1,820,000.00	5.30%	$	-	$	48,230.00	$	312,025.00	
05/01/32	$	1,820,000.00	5.30%	$	220,000.00	$	48,230.00	
11/01/32	$	1,600,000.00	5.30%	$	-	$	42,400.00	$	310,630.00	
05/01/33	$	1,600,000.00	5.30%	$	235,000.00	$	42,400.00	
11/01/33	$	1,365,000.00	5.30%	$	-	$	36,172.50	$	313,572.50	
05/01/34	$	1,365,000.00	5.30%	$	245,000.00	$	36,172.50	
11/01/34	$	1,120,000.00	5.30%	$	-	$	29,680.00	$	310,852.50	
05/01/35	$	1,120,000.00	5.30%	$	260,000.00	$	29,680.00	
11/01/35	$	860,000.00	5.30%	$	-	$	22,790.00	$	312,470.00	
05/01/36	$	860,000.00	5.30%	$	275,000.00	$	22,790.00	
11/01/36	$	585,000.00	5.30%	$	-	$	15,502.50	$	313,292.50	
05/01/37	$	585,000.00	5.30%	$	290,000.00	$	15,502.50	
11/01/37	$	295,000.00	5.30%	$	-	$	7,817.50	$	313,320.00	
05/01/38	$	295,000.00	5.30%	$	295,000.00	$	7,817.50	$	302,817.50	

				

 	TOTAL	

  $	3,960,000.00 

  $	2,595,940.00 

  $	6,555,940.00