Adopted Budget	
Fiscal Year 2020	

Lake Ashton II Community	
Development District	

August 22, 2019

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	

 Description	

General Fund

Projected	
Next	
 	2 Months		

 	
Total	
Projected	
 	9/30/2019		

 	
Adopted	
Budget	
 	FY 2020		

Adopted		Actual	
Budget		Thru	
 	FY 2019			    7/31/2019		

REVENUES:

Special Assessments - Tax Collector	
Interest Earned	
Rental Fees	
Miscellaneous Revenues	
Carry Forward Surplus	

$1,218,686	$1,2	
$1,500	$	
$5,000	$	
$0	$	
$205,797	$1	

$0	
$1,536	
$0	
$0	
$0	

$1,243,006	
$9,214	
$9,581	
$2,000	
$188,007	

$1,218,686	
$1,500	
$5,200	
$0	
$202,533	

43,006
7,678
9,581
2,000
88,007

 TOTAL REVENUES		 	$1,430,983 	$1,450,272	 	$1,536	 	$1,451,807	 	$1,427,919 EXPENDITURES:
ADMINISTRATIVE

Arbitrage Consultant	
Annual Audit	
Computer Time	
Dissemination Agent	
Dues, Licenses & Subscriptions	
Insurance	
Legal Advertising	
Management Fees	
Office Supplies	
Other Current Charges	
Golf Course Study	
Postage	
Printing & Binding	
Telephone	
Trustee Fees	

$1,200	
$6,000	$	
$1,000	
$6,000	$	
$175	
$33,036	$	
$500	$	
$45,000	$	
$300	
$2,700	$	
$0	$1	
$1,500	$	
$1,500	
$50	
$6,500	

$1,200	
$0	
$167	
$1,000	
$0	
$0	
$200	
$7,500	
$29	
$357	
$1,685	
$366	
$183	
$22	
$6,500	

$1,200	
$5,800	
$1,000	
$6,200	
$175	
$31,255	
$1,265	
$45,000	
$177	
$2,140	
$114,270	
$2,194	
$1,099	
$132	
$6,500	

$1,200	
$6,000	
$1,000	
$6,200	
$175	
$33,036	
$500	
$46,350	
$300	
$2,700	
$0	
$1,500	
$1,500	
$50	
$6,500	

$0 5,800
$833 5,200
$175 31,255
1,065
37,500
$147 1,784
12,585
1,828
$916
$110
$0

 TOTAL ADMINISTRATIVE EXPENDITURES		 	$105,461 	$199,198	 	$19,209	 	$218,406	 	$107,011 

Lake Ashton II	
Community Development District	

 Description	

General Fund

Projected	
Next	
 	2 Months		

 	
Total	
Projected	
 	9/30/2019		

 	
Adopted	
Budget	
 	FY 2020		

Adopted		Actual	
Budget		Thru	
 	FY 2019			    7/31/2019		

FIELD EXPENDITURES

Athletic Equipment	
Attorney	
Building Contract Services	
Building/Grounds Maintenance Supplies	
Contingency	
Engineering	
HFC Special Events	
Landscape/Lake Contract Services	
Office Supplies/Printing/Binding	
Permits/Inspections	
Personnel Expenses	
Plant/Tree Replacement	
Pond Repairs	
Security Contract Services	
Utilities	

$7,702	
$3,000	
$10,265	
$5,070	
$0	
$2,803	
$0	
$28,408	
$1,246	
$0	
$45,414	
$0	
$0	
$42,600	
$34,627	

$10,000	
$43,257	
$61,592	
$30,420	
$2,795	
$16,815	
$2,818	
$170,447	
$7,474	
$1,250	
$220,640	
$0	
$0	
$255,598	
$207,762	

$0	
$40,000	
$53,160	
$31,350	
$30,000	
$8,000	
$3,000	
$175,222	
$7,000	
$1,500	
$228,336	
$0	
$0	
$252,079	
$209,331	

$10,000	$2,298
$20,000	$40,257
$51,160	$51,327
$27,248	$25,350
$30,000	$2,795
$8,000	$14,013
$3,000	$2,818
$172,222	$142,039
$10,000	$6,229
$1,500	$1,250
$214,283	$175,226
$0	$0
$0	$0
$250,804	$212,998
$207,767	$173,135

 TOTAL FIELD EXPENDITURES		 	$1,005,983 	$849,734	 	$181,134	 	$1,030,868	 	$1,038,978 
First Quarter Operating Reserves	$205,797	$0	$0	$0	$202,533

 TOTAL RESERVE EXPENDITURES		 	$205,797 	$0	 	$0	 	$0	 	$202,533 OTHER SOURCES/(USES)
Interfund Transfers In/(Out)	($113,742)	$0	$0	$0	($79,398)

 TOTAL EXPENDITURES		 	$1,430,983 	$1,048,931	 	$200,343	 	$1,249,275	 	$1,427,919 

 Assigned Fund Balance		 	$0 	$401,340	 	($198,808)	 	$202,533	 	$0 

FY 2017	FY 2018	FY 2019	FY 2020	
NET ASSESSMENTS	$1,259,017	$1,218,686	$1,218,686	$1,218,686	
PLUS COLLECTION FEES (7%)	$94,765	$91,729	$91,729	$91,729	
GROSS ASSESSMENTS	$1,353,782	$1,310,416	$1,310,416	$1,310,416	
NO. OF TOTAL PLANNED UNITS	703	680	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 2020

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.

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.

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

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2020

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 2020	

Attorney	
General Legal Services, i.e., preparation for and attendance at meetings, review operating and	
maintenance contracts, etc.	

Annual Contract	
$40,000	

#31500

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

Annual Contract

#34510	
#46010	
#46400	
#46105	

$3,800
$39,360
$8,000
$2,000

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

Annual Contract

#46020	
#46030	
#34800	
#46050	

$9,000
$20,000
$2,000
$350

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

#49000	$30,000	

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

#31100	$8,000	

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

#49400	$3,000	

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

Annual Contract

#46500	
#46200	
#46210	

$14,200
$159,622
$2,000

Office Supplies/Printing & Binding	
Skedda, Google Suite, Amazon Prime, Sam's Club	
DEX-Copier lease and printing costs	

#51000	$1,204	
#51000	$5,796	

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.	

#54000	$1,500	

Personnel Expenses	
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.	

$228,336
#34100	
#21000	
#23000	
#12000	
#24000	

Security Contract Services	
Gate Attendants and Roving Patrols - Securitas	
Video Security - ADT	
Security Extras - carts, paper copies, etc.	

Annual Contract

#34500	
#34520	
#34530	

$247,588
$1,322
$3,169

Utilities
Electric - TECO

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2020

	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	#43000	$140,730	

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

#34900	$2,228	
#43100	$30,958	
#41000	$11,928	

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	#43200	$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.	

	Lake Ashton II
Community Development District										
Capital Projects	

 Description			Adopted Budget
 	FY 2019			Actual Thru
 	7/31/19			Projected Next
 	2 Months			Total Projected
 	9/30/19			Adopted Budget
 	FY 2020		
	Revenues											
(1)	Capital Reserve - Transfer In		$113,742		$0		$0		$0		$79,398	
	Interest Income		$1,000		$10,742		$2,148		$12,891		$1,000	
	Carry Forward Surplus		$519,054		$565,074		$0		$565,074		$385,945	
	    TOTAL REVENUES			 	$633,797 		 	$575,816 		 	$2,148 		 	$577,965 		 	$466,342 	
	Expenditures
Capital Projects - FY19											
	ADA-Handicap Entrance/Website		$0		$2,600		$442		$3,042		$0	
	Athletic Equipment		$0		$13,761		$0		$13,761		$10,000	
	Blinds (Front of HFC)		$0		$978		$0		$978		$0	
	Conference System		$0		$4,373		$0		$4,373		$0	
	Flooring		$0		$25,000		$0		$25,000		$0	
	Golf Club		$0		$0		$34,376		$34,376		$0	
	Landscape Replacement		$0		$0		$0		$0		$15,000	
	LED Lighting		$0		$613		$0		$613		$0	
	Outdoor Furniture-Sandblasting		$0		$975		$0		$975		$0	
	Paver Installation		$0		$0		$6,589		$6,589		$0	
	Paving Parking Lot/Lights		$0		$116		$0		$116		$0	
	Pickleball Courts		$0		$13,919		$0		$13,919		$0	
	Plant Project		$0		$8,264		$0		$8,264		$0	
	Pond Repairs and Maintenance		$0		$3,675		$0		$3,675		$0	
	Pool Plaster		$0		$0		$0		$0		$40,000	
	Pool/Spa Remodel		$0		$11,521		$8,887		$20,407		$0	
	Roadway Repairs		$0		$9,975		$12,567		$22,542		$25,000	
	Sidewalk to New Parking Lot		$0		$0		$12,000		$12,000		$0	
	Signs		$0		$2,030		$0		$2,030		$0	
	Split System (Air Handler)		$0		$0		$0		$0		$25,000	
	Windows/Doors		$0		$0		$15,000		$15,000		$0	
	Workshop		$0		$0		$0		$0		$10,000	
	Other Capital Project Expenses		$177,839		$2,868		$0		$2,868		$10,000	
	Other Current Charges - Bank Charges		$0		$746		$746		$1,492		$0	
	    TOTAL  EXPENDITURES			 	$177,839 		 	$101,413 		 	$90,607 		 	$192,020 		 	$135,000 	
	    EXCESS REVENUES			 	$455,958 		 	$474,403 		 	($88,458) 		 	$385,945 		 	$331,342 	
	
Revenues		
Fiscal Year 2020		
Fiscal Year 2021		
Fiscal Year 2022		
Fiscal Year 2023		
Fiscal Year 2024	
	Capital Reserves - Transfer In		$79,398		$100,000		$100,000		$100,000		$100,000	
	Interest Income		$1,000		$5,395		$5,748		$6,106		$6,467	
	Carry Forward Surplus		$385,945		$331,342		$376,737		$422,485		$468,591	
	 Total			 	$466,342 		 	$436,737 		 	$482,485 		 	$528,591 		 	$575,058 	
	Annual Projected Expenses:											
	Roadway Repairs		$25,000		$25,000		$25,000		$25,000		$25,000	
	Landscape Replacement		$15,000		$15,000		$15,000		$15,000		$15,000	
	Athletic Equipment		$10,000		$10,000		$10,000		$10,000		$10,000	
	Other Capital Projects		$10,000		$10,000		$10,000		$10,000		$10,000	
	Specific Projects:											
	Workshop		$10,000		$0		$0		$0		$0	
	Split System (Air Handler)		$25,000		$0		$0		$0		$0	
	Pool Plaster		$40,000		$0		$0		$0		$0	
	 Total Expenditures			 	$135,000 		 	$60,000 		 	$60,000 		 	$60,000 		 	$60,000 	
	 Excess Revenues			 	$331,342 		 	$376,737 		 	$422,485 		 	$468,591 		 	$515,058 	

Page 7

(1)

(2)

Lake Ashton II	
Community Development District	

 Description	

Debt Service Fund

Adopted	
Budget	
 	FY 2019		

Actual	
Thru	
 	7/31/2019		

Series 2005A

Projected	
Next	
 	2 Months		

 	
Total	
Projected	
 	9/30/2019		

 	
Adopted	
Budget	
 	FY 2020		

 	 	 	 	

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

$394,800	
$31,497	
$0	
$1,000	
$176,224	

$436,872		$436,498	
$0		$0	
$0		$12,946	
$1,000		$7,415	
$161,768		$181,158	

$0	
$0	
$0	
$910	
$0	

$436,498	
$0	
$12,946	
$8,325	
$181,158	

$126,581	
$10,000	
$126,581	
$175,000	
$0	
 	$438,163 	

   TOTAL REVENUES		 	$599,640	 	$638,017	 	$910	 	$638,927	 	$603,521 

Expenditures	
Series 2005A	

Interest - 11/1	
Special Call - 11/1	
Interest - 5/1	
Principal - 5/1	
Special Call - 5/1	

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

$131,688	
$25,000	
$131,016	
$170,000	
$5,000	

$0	
$0	
$0	
$0	
$0	

$131,688	
$25,000	
$131,016	
$170,000	
$5,000	

   TOTAL EXPENDITURES		 	$428,375	 	$462,703	 	$0	 	$462,703 

	   EXCESS REVENUES		 	$171,265	 	$175,314 	
(1)	Maximum Annual Debt Service	
(2)	Carry forward surplus is net of the reserve requirement and Deferred Costs	

 	

Page 8

 	$910 

 	$165,358 

 	$176,224 	
11/1/2020 Interest	
2005 A	

FY 2018	FY 2019	FY 2020	
NET ASSESSMENTS	$436,871.99	$436,871.99	$394,799.73	
PLUS COLLECTION FEES (7%)	$32,882.84	$32,882.84	$29,716.11	
GROSS ASSESSMENTS	$469,754.83	$469,754.83	$424,515.84	
NO. OF UNITS	345	345	336	
GOLF COURSE	$33,868	$33,868	$31,497	
GROSS PER UNIT ASSESSMENT	$1,263.44	$1,263.44	$1,263.44	

$121,878

Amortization Schedule	
Series 2005A, Capital Improvement Revenue Bonds	

Lake Ashton II
Community Development District

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	

05/01/19	$	4,875,000.00	5.38%	$	165,000.00	$	131,015.63	$	-	
11/01/19	$	4,710,000.00	5.38%	$	-	$	126,581.25	$	422,596.88	
05/01/20	$	4,710,000.00	5.38%	$	175,000.00	$	126,581.25	$	-	
11/01/20	$	4,535,000.00	5.38%	$	-	$	121,878.13	$	423,459.38	
05/01/21	$	4,535,000.00	5.38%	$	185,000.00	$	121,878.13	$	-	
11/01/21	$	4,350,000.00	5.38%	$	-	$	116,906.25	$	423,784.38	
05/01/22	$	4,350,000.00	5.38%	$	195,000.00	$	116,906.25	$	-	
11/01/22	$	4,155,000.00	5.38%	$	-	$	111,665.63	$	423,571.88	
05/01/23	$	4,155,000.00	5.38%	$	205,000.00	$	111,665.63	$	-	
11/01/23	$	3,950,000.00	5.38%	$	-	$	106,156.25	$	422,821.88	
05/01/24	$	3,950,000.00	5.38%	$	215,000.00	$	106,156.25	$	-	
11/01/24	$	3,735,000.00	5.38%	$	-	$	100,378.13	$	421,534.38	
05/01/25	$	3,735,000.00	5.38%	$	230,000.00	$	100,378.13	$	-	
11/01/25	$	3,505,000.00	5.38%	$	-	$	94,196.88	$	424,575.00	
05/01/26	$	3,505,000.00	5.38%	$	240,000.00	$	94,196.88	$	-	
11/01/26	$	3,265,000.00	5.38%	$	-	$	87,746.88	$	421,943.75	
05/01/27	$	3,265,000.00	5.38%	$	255,000.00	$	87,746.88	$	-	
11/01/27	$	3,010,000.00	5.38%	$	-	$	80,893.75	$	423,640.63	
05/01/28	$	3,010,000.00	5.38%	$	265,000.00	$	80,893.75	$	-	
11/01/28	$	2,745,000.00	5.38%	$	-	$	73,771.88	$	419,665.63	
05/01/29	$	2,745,000.00	5.38%	$	280,000.00	$	73,771.88	$	-	
11/01/29	$	2,465,000.00	5.38%	$	-	$	66,246.88	$	420,018.75	
05/01/30	$	2,465,000.00	5.38%	$	300,000.00	$	66,246.88	$	-	
11/01/30	$	2,165,000.00	5.38%	$	-	$	58,184.38	$	424,431.25	
05/01/31	$	2,165,000.00	5.38%	$	315,000.00	$	58,184.38	$	-	
11/01/31	$	1,850,000.00	5.38%	$	-	$	49,718.75	$	422,903.13	
05/01/32	$	1,850,000.00	5.38%	$	330,000.00	$	49,718.75	$	-	
11/01/32	$	1,520,000.00	5.38%	$	-	$	40,850.00	$	420,568.75	
05/01/33	$	1,520,000.00	5.38%	$	350,000.00	$	40,850.00	$	-	
11/01/33	$	1,170,000.00	5.38%	$	-	$	31,443.75	$	422,293.75	
05/01/34	$	1,170,000.00	5.38%	$	370,000.00	$	31,443.75	$	-	
11/01/34	$	800,000.00	5.38%	$	-	$	21,500.00	$	422,943.75	
05/01/35	$	800,000.00	5.38%	$	390,000.00	$	21,500.00	$	-	
11/01/35	$	410,000.00	5.38%	$	-	$	11,018.75	$	422,518.75	
05/01/36	$	410,000.00	5.38%	$	410,000.00	$	11,018.75	$	421,018.75	

 	TOTAL	

  $	4,875,000.00 

  $	2,729,290.63 

  $	7,604,290.63 

Page 9

Lake Ashton II	
Community Development District	

 	
Debt Service Fund	
Series 2006A	

Adopted	
Budget	
 	FY 2019		

Actual	
Thru	
 	7/31/2019		

Projected	
Next	
 	2 Months		

Total	
Projected	
 	9/30/2019		

Adopted	
Budget	
 	FY 2020		

 Description	

Revenues	
Prepayments	
Special Assessments	
Interest Earned	
Carry Forward Surplus	

$0		$27,601	
$315,038		$319,315	
$0		$3,504	
$116,284		$140,663	

$0	
$0	
$246	
$0	

$27,601		$0	
$319,315		$310,388	
$3,750		$0	
$140,663		$137,677	

   TOTAL REVENUES		 	$431,322	 	$491,084	 	$246	 	$491,330	 	$448,065

$98,183	
$98,183	
$115,000	
$15,000	
$0	
 	$326,365 	

Expenditures

Interest - 11/1	
Interest - 5/1	
Principal - 5/1	
Special Call - 11/1	
Special Call - 5/1	

$101,893	
$101,893	
$110,000	
$0	
$0	

$102,158	
$101,495	
$110,000	
$25,000	
$15,000	

$0	
$0	
$0	
$0	
$0	

$102,158	
$101,495	
$110,000	
$25,000	
$15,000	

   TOTAL EXPENDITURES	 	$313,785	 	$353,653	 	$0	 	$353,653 

   EXCESS REVENUES		 	$117,537	 	$137,431	 	$246	 	$137,677	 	$121,700 

11/1/2020  Interest	$95,135

FY 2020	
NET ASSESSMENTS	$310,387.50	
PLUS COLLECTION FEES (7%)	$23,362.50	
GROSS ASSESSMENTS	$333,750.00	
NO. OF UNITS	267	
GROSS PER UNIT ASSESSMEN	$1,250.00	

Amortization Schedule	
Series 2006A, Capital Improvement Revenue Bonds	

Lake Ashton II
Community Development District

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	

05/01/19	$	3,830,000.00	5.30%	$	125,000.00	$	101,495.00	
11/01/19	$	3,705,000.00	5.30%	$	-	$	98,182.50	$	324,677.50	
05/01/20	$	3,705,000.00	5.30%	$	115,000.00	$	98,182.50	
11/01/20	$	3,590,000.00	5.30%	$	-	$	95,135.00	$	308,317.50	
05/01/21	$	3,590,000.00	5.30%	$	125,000.00	$	95,135.00	
11/01/21	$	3,465,000.00	5.30%	$	-	$	91,822.50	$	311,957.50	
05/01/22	$	3,465,000.00	5.30%	$	130,000.00	$	91,822.50	
11/01/22	$	3,335,000.00	5.30%	$	-	$	88,377.50	$	310,200.00	
05/01/23	$	3,335,000.00	5.30%	$	135,000.00	$	88,377.50	
11/01/23	$	3,200,000.00	5.30%	$	-	$	84,800.00	$	308,177.50	
05/01/24	$	3,200,000.00	5.30%	$	145,000.00	$	84,800.00	
11/01/24	$	3,055,000.00	5.30%	$	-	$	80,957.50	$	310,757.50	
05/01/25	$	3,055,000.00	5.30%	$	150,000.00	$	80,957.50	
11/01/25	$	2,905,000.00	5.30%	$	-	$	76,982.50	$	307,940.00	
05/01/26	$	2,905,000.00	5.30%	$	160,000.00	$	76,982.50	
11/01/26	$	2,745,000.00	5.30%	$	-	$	72,742.50	$	309,725.00	
05/01/27	$	2,745,000.00	5.30%	$	170,000.00	$	72,742.50	
11/01/27	$	2,575,000.00	5.30%	$	-	$	68,237.50	$	310,980.00	
05/01/28	$	2,575,000.00	5.30%	$	180,000.00	$	68,237.50	
11/01/28	$	2,395,000.00	5.30%	$	-	$	63,467.50	$	311,705.00	
05/01/29	$	2,395,000.00	5.30%	$	185,000.00	$	63,467.50	
11/01/29	$	2,210,000.00	5.30%	$	-	$	58,565.00	$	307,032.50	
05/01/30	$	2,210,000.00	5.30%	$	195,000.00	$	58,565.00	
11/01/30	$	2,015,000.00	5.30%	$	-	$	53,397.50	$	306,962.50	
05/01/31	$	2,015,000.00	5.30%	$	210,000.00	$	53,397.50	
11/01/31	$	1,805,000.00	5.30%	$	-	$	47,832.50	$	311,230.00	
05/01/32	$	1,805,000.00	5.30%	$	220,000.00	$	47,832.50	
11/01/32	$	1,585,000.00	5.30%	$	-	$	42,002.50	$	309,835.00	
05/01/33	$	1,585,000.00	5.30%	$	230,000.00	$	42,002.50	
11/01/33	$	1,355,000.00	5.30%	$	-	$	35,907.50	$	307,910.00	
05/01/34	$	1,355,000.00	5.30%	$	245,000.00	$	35,907.50	
11/01/34	$	1,110,000.00	5.30%	$	-	$	29,415.00	$	310,322.50	
05/01/35	$	1,110,000.00	5.30%	$	255,000.00	$	29,415.00	
11/01/35	$	855,000.00	5.30%	$	-	$	22,657.50	$	307,072.50	
05/01/36	$	855,000.00	5.30%	$	270,000.00	$	22,657.50	
11/01/36	$	585,000.00	5.30%	$	-	$	15,502.50	$	308,160.00	
05/01/37	$	585,000.00	5.30%	$	285,000.00	$	15,502.50	
11/01/37	$	300,000.00	5.30%	$	-	$	7,950.00	$	308,452.50	
05/01/38	$	300,000.00	5.30%	$	300,000.00	$	7,950.00	$	307,950.00	

 	TOTAL	

  $	3,830,000.00 

  $	2,369,365.00 

  $	6,199,365.00