Adopted Budget
Fiscal Year 2022

Lake Ashton II Community Development District

August 20, 2021

Lake Ashton II
Community Development District

TABLE OF CONTENTS

General Fund
Budget	Page 1-2
Narrative-Administrative	Page 3
Narrative-Field	Page 4

Capital Projects Fund
Budget	Page 5

Debt Service Fund
Budget - Series 2005A	Page 6
Amortization Schedule - 2005A	Page 7

Budget - Series 2006A	Page 8
Amortization Schedule - 2006A	Page 9

Lake Ashton II
Community Development District										
General Fund	
		Adopted		Actual		Projected		Total		Adopted	
		Budget		Thru		Next		Projected		Budget	
 Description			 	FY 2021			 	7/31/21			 	2 Months			 	9/30/21			 	FY 2022		
REVENUES:											
Special Assessments - Tax Collector		$1,445,344		$1,457,090		($17,630)		$1,439,460		$1,649,343	
Interest Earned		$1,500		$542		$108		$651		$750	
Rental Fees		$5,200		$2,120		$0		$2,120		$1,000	
Security Guard Revenue		$0		$125		$0		$125		$0	
Table Rentals		$0		$2,000		$0		$2,000		$0	
Off Duty Officer Revenue		$0		$0		$0		$0		$0	
Contributions		$0		$2,758		$0		$2,758		$0	
Miscellaneous Revenues		$0		$1,943		$0		$1,943		$0	
Carry Forward Surplus		$170,344		$122,567		$0		$122,567		$136,916	
 TOTAL  REVENUES			 	$1,622,388 		 	$1,589,146 		 	($17,522) 		 	$1,571,624 		 	$1,788,010 	
EXPENDITURES:											
ADMINISTRATIVE											
Arbitrage Consultant		$1,200		$600		$600		$1,200		$1,200	
Annual Audit		$4,900		$1,500		$8,400		$9,900		$5,050	
Boundary Amendment		$0		$0		$0		$0		$45,000	
Computer Time		$1,000		$833		$167		$1,000		$1,000	
Dissemination Agent		$6,500		$5,600		$1,000		$6,600		$6,500	
Dues, Licenses & Subscriptions		$175		$175		$0		$175		$175	
Insurance		$11,182		$12,730		$0		$12,730		$12,730	
Legal Advertising		$1,500		$1,046		$280		$1,326		$1,500	
Management Fees		$60,000		$50,000		$10,000		$60,000		$61,800	
Office Supplies		$250		$441		$60		$501		$250	
Other Current Charges		$2,700		$2,129		$426		$2,555		$2,700	
Postage		$2,000		$1,261		$252		$1,513		$2,000	
Copies		$1,000		$396		$79		$475		$1,000	
Telephone		$50		$0		$25		$25		$50	
Trustee Fees		$13,963		$6,573		$4,000		$10,573		$10,600	
 TOTAL ADMINISTRATIVE EXPENDITURES			 	$106,420 		 	$83,283 		 	$25,289 		 	$108,572 		 	$151,555 	

Page 1

Lake Ashton II
Community Development District										

General Fund	
		Adopted		Actual		Projected		Total		Adopted	
		Budget		Thru		Next		Projected		Budget	
 Description			 	FY 2021			 	7/31/21			 	2 Months			 	9/30/21			 	FY 2022		
FIELD EXPENDITURES											
Attorney		$40,000		$52,503		$10,000		$62,503		$40,000	
Building Contract Services		$43,920		$0		$0		$0		$0	
Security Services-Alarm/Fire Systems Only		$0		$3,319		$664		$3,983		$7,200	
Cleaning Services		$0		$23,293		$4,659		$27,952		$28,320	
Pool Maintenance		$0		$10,032		$2,006		$12,038		$8,400	
Building/Grounds Maintenance Supplies		$40,000		$0		$0		$0		$0	
Building/Maintenance Supplies		$0		$19,305		$3,861		$23,166		$30,363	
Grounds Maintenance/Supplies		$0		$11,731		$2,346		$14,077		$7,897	
Building/Maintenance-Golf Course		$0		$1,950		$0				$0	
Grounds Maintenance-Golf Course		$0		$0		$0				$0	
Pest Control		$0		$1,165		$233		$1,398		$1,340	
Mileage		$0		$357		$71		$429		$400	
Engineering		$15,000		$58,317		$11,663		$69,981		$25,000	
HFC Special Events		$5,000		$2,861		$2,139		$5,000		$5,000	
Landscape Contract Services		$179,604		$147,270		$28,102		$175,372		$168,610	
Irrigation Maintenance		$2,000		$0		$2,000		$2,000		$2,000	
Lake Maintenance		$35,560		$28,700		$7,460		$36,160		$35,560	
Office Supplies/Printing/Binding		$13,000		$11,762		$2,352		$14,114		$13,000	
Permits/Inspections		$1,500		$835		$665		$1,500		$1,500	
Personnel Expenses		$245,950		$0		$0		$0		$0	
Salaries		$0		$167,482		$29,508		$196,990		$205,900	
FICA Expense		$0		$12,796		$2,257		$15,054		$15,751	
Exercise Instructors		$0		$21,250		$3,000		$24,250		$18,000	
Health Insurance		$0		$6,269		$1,422		$7,691		$10,623	
Wokers Compensation Insurance		$0		$1,737		$0		$1,737		$1,824	
Property Insurance		$21,854		$24,443		$0		$24,443		$25,665	
Security Contract Services		$200,170		$0		$0		$0		$0	
Gate Attendants		$0		$164,684		$32,937		$197,621		$196,170	
Off Duty Security-Events		$0		$0		$0		$0		$0	
Security Extras		$0		$2,183		$437		$2,620		$4,000	
Utilities		$215,000		$0		$0		$0		$0	
Electric		$0		$105,194		$21,039		$126,233		$135,000	
Refuse		$0		$2,170		$1,550		$3,720		$3,000	
Water		$0		$20,210		$14,435		$34,645		$26,000	
Telephone		$0		$9,849		$7,035		$16,883		$15,000	
Gas/Propane		$0		$29,180		$3,258		$32,439		$26,000	
Contingency		$0		$0		$0		$0		$0	
 TOTAL FIELD EXPENDITURES			 	$1,058,558 		 	$940,847 		 	$195,100 		 	$1,133,997 		 	$1,057,523 	
First Quarter Operating Reserves		$265,271		$0		$0		$0		$243,730	
 TOTAL RESERVE EXPENDITURES			 	$265,271 		 	$0 		 	$0 		 	$0 		 	$243,730 	
OTHER SOURCES/(USES)											
Interfund Transfers In/(Out)		($192,139)		($192,139)		$0		($192,139)		($335,202)	
 TOTAL  EXPENDITURES			 	$1,622,388 		 	$1,216,269 		 	$220,388 		 	$1,434,707 		 	$1,788,010 	
 Assigned Fund Balance			$0		$372,876		($237,910)		$136,916		$0	
											
		FY 2018		FY 2019		FY 2020		FY 2021		FY 2022	
NET ASSESSMENTS		$1,218,686		$1,218,686		$1,218,686		$1,445,344		$1,649,343	
PLUS COLLECTION FEES (7%)		$91,729		$91,729		$91,729		$108,789		$124,144	
GROSS ASSESSMENTS		$1,310,416		$1,310,416		$1,310,416		$1,554,133		$1,773,488	
NO. OF TOTAL PLANNED UNITS		680		680		680		680		680	
GOLF COURSE		15		15		15		0		0	
GROSS PER UNIT ASSESSMENT		$1,885		$1,885		$1,885		$2,285		$2,608	

Page 2

LAKE ASHTON II COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET
FISCAL YEAR 2022

REVENUES:
Special Assessments - Tax Collector:
The District will levy a non ad-valorem special assessment on the platted property within	#36300 $1,649,343
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	#36100	$750
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.	#36200	$1,000

EXPENDITURES:
Arbitrage

The District is required to annually have an arbitrage rebate calculation on the District's Series 2005A&B	#31200	$1,200
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	#32200	$5,050
Public Accounting Firm.

Boundary Amendment
Legal Fees and filing fees associated with amending the boudaries of the District.	#31501	$45,000

Computer Time

The District processes all of its financial activities, i.e., accounts payable, financial statements, etc.	#35100	$1,000
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),	#31300	$6,500
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.	#54000	$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.	#45000	$12,730
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.	#48000	$1,500
in a newspaper of general circulation.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management	#34000	$61,800
Agreement with Governmental Management Services. These services are further outlined in Exhibit "A" of the Management Agreement.
Office Supplies
Miscellaneous office supplies.	#51000	$250

Other Current Charges
Bank charges and any other miscellaneous expenses that are incurred during the year.	#49000	$2,700

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.	#42000	$2,000

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks,	#42500	$1,000
stationary, envelopes etc.

Telephone
Telephone and fax machine.	#41000	$50

Trustee Fees

The District issued Series 2005A&B and Series 2006A&B Capital Improvement Revenue Bonds	#32300	$10,600
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.

Page 3

LAKE ASHTON II
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2022

Attorney

General  legal services, i.e., preparation for and attendance at meetings,	#31500	$40,000 review operating and maintenance contracts. etc.

Building Contract Services
Hartline Alarm /Fire Systems	#34510	$7,200	
Cleaning - JanKing	#46010	$28,320	
Pool & Spa - Pool Sure	#46400	$8,400	

Building/Grounds Maintenance Supplies
Building - Paper goods, small repairs, chemicals/ cleaning supplies,
Small plant replacement, pool-sauna-spa parts/repairs	#46020	$30,363	
Grounds - HFC grounds, Dog Parks, Blvd, Courts	#46030	$7,897	
Florida Pest	#34800	$1,340	
Mileage	#46050	$400	

Engineering
General engineering  services, i.e. attendance at and preparation for, board meetings.	#31100	$25,000

HFC Special Events

Pond and Lake Maintenance - Applied Aquatics	#46500	$35,560	
Mowing, irrigation management - Yellowstone	#46200	$168,610	
Irrigation Repairs	#46210	$2,000	

The District will have shows , dances and other events  throughout the year.	#49400	$5,000 Landscape/Lake Maintenance Contracts

Office Supplies/Printing/Binding
Skedda, Google Suite, Amazon Prime, Sam's Club	#51000	$13,000 DEX - copier lease and printing costs.

Permits/Inspections
The District is required to renew permits and other inspections on an annual basis with	#49300	$1,500 the City of Winter Haven, Polk County and The State of Florida to comply with regulations.

Personnel Expenses
1099/Contract Employees	#34100	$18,000	
FICA - Employers share of Social Security and Medicare w/h from employee wages.	#21000	$15,751	
Health Insurance - Reimbursement to employees.	#23000	$10,623	
The Districts Workers Comp insurance is with SUMMIT.	#45000	$1,824	
Salaries & Wages - The District employees personnel to manage and supervise the HFC.	#12000	$205,900	

Property Insurance
The District's property insurance is with Florida Insurance Alliance (FIA). FIA specializes	#45001	$25,665 in providing insurance coverage to governmental agencies.

Security Contract Services
Gate Attendants and Roving Patrols - Securitas	#34500	$196,170	
Security Extras - carts, paper copies, etc.	#34530	$4,000	

Utilities
Electricity - TECO	#43000	$135,000	
Propane - Amerigas	#43100	$26,000	
Refuse - Florida Refuse	#34900	$3,000	
Telephone/Internet - Spectrum	#41000	$15,000	
Water - City of Winter Haven	#43200	$26,000	

Page 4

	Lake Ashton II
Community Development District								
Capital Projects	
	
 Description		Adopted Budget
 	FY 2021			Actual Thru
 	7/31/21			Projected Next
        2 Months			Total Projected
 	9/30/21		Adopted Budget
 	FY 2022		
	Revenues									
(1)	Capital Reserve - Transfer In	$192,139		$192,139		$0		$192,139	$335,202	
	Interest Income	$1,000		$533		$107		$640	$600	
	Miscellaneous Income	$0		$2,000		$0		$2,000	$0	
	Carry Forward Surplus	$350,165		$353,132		$0		$353,132	$380,441	
	    TOTAL REVENUES		 	$543,304 		 	$547,805 		 	$107 		 	$547,911 	 	$716,243 	
	Expenditures
Capital Projects - FY21									
	Athletic Equipment	$18,500		$5,406		$0		$5,406	$0	
	Fitness Floor	$15,000		$0		$0		$0	$0	
	Ice Machine	$10,000		$0		$0		$0	$0	
	Landscape Replacement	$15,000		$6,686		$0		$6,686	$0	
	Pool/Spa Repairs	$5,000		$2,649		$0		$2,649	$0	
	Public Works-Bridges/Pathways (Roadways)	$32,000		$3,314		$0		$3,314	$0	
	Racquetball Floor	$14,500		$0		$0		$0	$0	
	Split System (Air Handler)	$120,000		$0		$0		$0	$0	
	Sports Floor	$14,500		$0		$0		$0	$0	
	Water Heater	$2,000		$0		$0		$0	$0	
	Other Capital Project Expenses	$30,000		$8,877		$0		$8,877	$0	
	Portico Repairs	$0		$50,200		$0		$50,200	$0	
	Roof Repairs	$0		$0		$2,700		$2,700	$0	
	Alarm System	$0		$0		$3,787		$3,787	$0	
	Fence Repairs	$0		$0		$988		$988	$0	
	Dog park Fence	$0		$0		$1,500		$1,500	$0	
	Handicap Doors	$0		$0		$3,021		$3,021	$0	
	Promissory Note Payment	$147,877		$147,877		$0		$147,877	$0	
	Hole 6 Restroom	$0		$0		$25,000		$25,000	$0	
	Easements	$0		$0		$10,000		$10,000	$0	
	Conference Room System	$0		$2,910		$0		$2,910	$0	
	Surge Protection	$0		$6,987		$0		$6,987	$0	
	Other Current Charges - Bank Charges
Capital Projects - FY22	$600		$474		$95		$568	$0	
	Athletic Equipment	$0		$0		$0		$0	$4,500	
	Landscape Replacement	$0		$0		$0		$0	$10,000	
	Pool/Spa Repairs	$0		$0		$0		$0	$14,400	
	Public Works-Bridges/Pathways (Roadways)	$0		$0		$0		$0	$20,000	
	Split System (Air Handler)	$0		$0		$0		$0	$50,000	
	Other Capital Project Expenses	$0		$0		$0		$0	$30,000	
	Surge Protection	$0		$0		$0		$0	$23,000	
	Ashton Blvd.	$0		$0		$0		$0	$65,246	
	Roof	$0		$0		$0		$0	$200,000	
	Kitchen Equipment	$0		$0		$0		$0	$10,000	
	Paint HFC/GS	$0		$0		$0		$0	$20,000	
	Promissory Note Payment	$0		$0		$0		$0	$142,997	
	Other Current Charges - Bank Charges	$0		$0		$0		$0	$600	
	    TOTAL EXPENDITURES		 	$424,977 		 	$235,380 		 	$47,091 		 	$282,470 	 	$590,743 	
	Other Sources/(Uses)									
	Intergovernmental Transfer from LA1	$115,000		$115,000		$0		$115,000	$0	
	    TOTAL OTHER		 	$115,000 		 	$115,000 		 	$0 		 	$115,000 	 	$0 	
	    EXCESS  REVENUES		 	$233,327 		 	$427,425 		 	($46,984) 		 	$380,441 	 	$125,500 	

Revenues		CAPITAL PR
Fiscal Year 2022	OJE	CT FUTURE PROJE
Fiscal Year 2023	CTIONS
Fiscal Year 2024		
Fiscal Year 2025		
Fiscal Year 2026	
Capital Reserves - Transfer In		$335,202		$192,139		$212,644		$212,644		$212,644	
Interest Income		$600		$600		$600		$600		$600	
Carry Forward Surplus		$380,441		$125,500		($17,774)		($84,966)		($396,998)	
Total		 	$716,243 		 	$318,239 		$195,470		$128,278		($183,754)	
Annual Projected Expenses:											
Roadways		$65,246		$65,246		$0		$265,760		$59,640	
Public Works-Bridges/Pathways		$20,000		$32,000		$32,000		$32,000		$32,000	
Landscape Replacement		$10,000		$15,000		$15,000		$15,000		$15,000	
Athletic Equipment		$4,500		$40,000		$20,500		$28,000		$0	
Other Capital Projects		$53,000		$30,000		$30,000		$30,000		$30,000	
Golf Course Payment		$142,997		$139,167		$135,336		$131,517		$0	
Bank Service Charge		$600		$600		$600		$600		$600	
Specific Projects:											
Pool/Spa Repairs		$14,400		$2,000		$10,000		$3,400		$6,400	
Split System (Air Handler)		$50,000		$0		$0		$0		$0	
Roof		$200,000		$0		$1,000		$6,000		$28,700	
Kitchen Equipment		$10,000		$5,500		$20,000		$12,500		$15,000	
Paint HFC/GS		$20,000		$0		$0		$0		$0	
Eagles Nest		$0		$6,500		$16,000		$500		$15,350	
Total Expenditures		 	$590,743 		 	$336,013 		 	$280,436 		 	$525,277 		$202,690	
											
Excess Revenues		$125,500		($17,774)		($84,966)		($396,998)		($386,444)	

Page 5

Lake Ashton II
Community Development District	Debt Service Fund
Series 2005A

	Adopted
Budget		Actual
Thru		Projected
Next	Total
Projected		Adopted
Budget	
 Description		 	FY 2021			 	7/31/21			 	2 Months		 	9/30/21			 	FY 2022		
Revenues									
(1)	Assessments - On Roll (A)	$394,800		$376,599		($3,930)	$372,669		$368,950	
Assessments - Off Roll	$0		$0		$0	$0		$0	
Prepayments	$0		$71,703		$0	$71,703		$0	
Interest Income	$6,000		$43		$9	$52		$25	
(2)	Carry Forward Surplus	$159,026		$292,622		$0	$292,622		$192,448	
    TOTAL  REVENUES		 	$559,826 		 	$740,967 		 	($3,922) 	 	$737,045 		 	$561,423 	
Expenditures
Series 2005A									
Interest - 11/1	$109,381		$109,381		$0	$109,381		$100,916	
Special Call - 11/1	$35,000		$155,000		$0	$155,000		$55,000	
Interest - 5/1	$109,381		$105,216		$0	$105,216		$100,916	
Principal - 5/1	$165,000		$160,000		$0	$160,000		$170,000	
Special Call - 5/1	$0		$15,000		$0	$15,000		$0	
    TOTAL  EXPENDITURES		 	$418,763 		 	$544,597 		 	$0 	 	$544,597 		 	$426,831 	
    EXCESS REVENUES		$141,064		$196,370		($3,922)	$192,448		$134,592	
									
(1)	Maximum Annual Debt Service						11/1/2022 Interest		 	$96,347 	
(2)	Carry forward surplus is net of the reserve	requirement and Deferred Costs					2005 A			
			FY 2019		FY 2020	FY 2021		FY 2022	
	NET ASSESSMENTS		$436,871.99		$426,296.73	$394,799.73		$368,949.75	
	PLUS COLLECTION FEES (7%)		$32,882.84		$29,716.11	$29,716.11		$27,770.41	
	GROSS ASSESSMENTS		$469,754.83		$424,515.84	$424,515.84		$396,720.16	
	NO. OF UNITS		345		336	336		314	
	GOLF COURSE		$33,868		$31,497	$0		$0	
	GROSS PER UNIT ASSESSMENT		$1,263.44		$1,263.44	$1,263.44		$1,263.44	

Page 6

Lake Ashton II	Amortization Schedule
Community Development District	Series 2005A, Capital Improvement Revenue Bonds

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL

05/01/21	$ 3,915,000.00	5.38%	$	160,000.00	$	105,215.63		$	-	
11/01/21	$ 3,755,000.00	5.38%	$	-	$	100,915.63		$	366,131.25	
05/01/22	$ 3,755,000.00	5.38%	$	170,000.00	$	100,915.63		$	-	
11/01/22	$ 3,585,000.00	5.38%	$	-	$	96,346.88		$	367,262.50	
05/01/23	$ 3,585,000.00	5.38%	$	175,000.00	$	96,346.88		$	-	
11/01/23	$ 3,410,000.00	5.38%	$	-	$	91,643.75		$	362,990.63	
05/01/24	$ 3,410,000.00	5.38%	$	185,000.00	$	91,643.75		$	-	
11/01/24	$ 3,225,000.00	5.38%	$	-	$	86,671.88		$	363,315.63	
05/01/25	$ 3,225,000.00	5.38%	$	195,000.00	$	86,671.88		$	-	
11/01/25	$ 3,030,000.00	5.38%	$	-	$	81,431.25		$	363,103.13	
05/01/26	$ 3,030,000.00	5.38%	$	210,000.00	$	81,431.25		$	-	
11/01/26	$ 2,820,000.00	5.38%	$	-	$	75,787.50		$	367,218.75	
05/01/27	$ 2,820,000.00	5.38%	$	220,000.00	$	75,787.50		$	-	
11/01/27	$ 2,600,000.00	5.38%	$	-	$	69,875.00		$	365,662.50	
05/01/28	$ 2,600,000.00	5.38%	$	230,000.00	$	69,875.00		$	-	
11/01/28	$ 2,370,000.00	5.38%	$	-	$	63,693.75		$	363,568.75	
05/01/29	$ 2,370,000.00	5.38%	$	245,000.00	$	63,693.75		$	-	
11/01/29	$ 2,125,000.00	5.38%	$	-	$	57,109.38		$	365,803.13	
05/01/30	$ 2,125,000.00	5.38%	$	260,000.00	$	57,109.38		$	-	
11/01/30	$ 1,865,000.00	5.38%	$	-	$	50,121.88		$	367,231.25	
05/01/31	$ 1,865,000.00	5.38%	$	270,000.00	$	50,121.88		$	-	
11/01/31	$ 1,595,000.00	5.38%	$	-	$	42,865.63		$	362,987.50	
05/01/32	$ 1,595,000.00	5.38%	$	285,000.00	$	42,865.63		$	-	
11/01/32	$ 1,310,000.00	5.38%	$	-	$	35,206.25		$	363,071.88	
05/01/33	$ 1,310,000.00	5.38%	$	300,000.00	$	35,206.25		$	-	
11/01/33	$ 1,010,000.00	5.38%	$	-	$	27,143.75		$	362,350.00	
05/01/34	$ 1,010,000.00	5.38%	$	320,000.00	$	27,143.75		$	-	
11/01/34	$	690,000.00	5.38%	$	-	$	18,543.75		$	365,687.50	
05/01/35	$	690,000.00	5.38%	$	335,000.00	$	18,543.75		$	-	
11/01/35	$	355,000.00	5.38%	$	-	$	9,540.63		$	363,084.38	
05/01/36	$	355,000.00	5.38%	$	355,000.00	$	9,540.63		$	364,540.63	
 	TOTAL				  $ 3,915,000.00 $ 1,919,009.38 		  $ 5,834,009.38 	

Page 7

Lake Ashton II
Community Development District	Debt Service Fund
Series 2006A

	Adopted
Budget		Actual
Thru		Projected
Next	Total
Projected	Adopted
Budget	
 Description		 	FY 2021			 	7/31/21			 	2 Months		 	9/30/21		 	FY 2022		
Revenues
Prepayments	
$0		
$0		
$0	
$0	
$0	
Special Assessments	$310,388		$311,280		($3,249)	$308,031	$306,900	
Special Assessments-Prepayments	$0		$64,501		$0	$64,501	$0	
Interest Earned	$0		$18		$10	$28	$0	
Carry Forward Surplus	$104,687		$122,171		$0	$122,171	$136,978	
    TOTAL REVENUES		 	$415,074 		 	$497,970 		 	($3,239) 	 	$494,731 	 	$443,878 	
Expenditures								
Interest - 11/1	$94,208		$94,208		$0	$94,208	$90,365	
Interest - 5/1	$94,208		$93,545		$0	$93,545	$90,365	
Principal - 5/1	$120,000		$120,000		$0	$120,000	$125,000	
Special Call - 11/1	$0		$25,000		$0	$25,000	$40,000	
Special Call - 5/1	$0		$25,000		$0	$25,000	$0	
    TOTAL  EXPENDITURES		 	$308,415 		 	$357,753 		 	$0 	 	$357,753 	 	$345,730 	
    EXCESS REVENUES		$106,659		$140,217		($3,239)	$136,978	$98,148	
								
						11/1/2022 Interest	 	$87,053 	
							
FY 2022	
						NET ASSESSMENTS	$306,900.00	
						PLUS COLLECTION FEES (7%)	$23,100.00	
						GROSS ASSESSMENTS	$330,000.00	
						NO. OF UNITS	264	
						GROSS PER UNIT ASSESSMENT	$1,250.00	

Page 8

Lake Ashton II	Amortization Schedule
Community Development District	Series 2006A, Capital Improvement Revenue Bonds

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL

05/01/21
11/01/21
05/01/22
11/01/22
05/01/23
11/01/23
05/01/24
11/01/24
05/01/25
11/01/25
05/01/26
11/01/26
05/01/27
11/01/27
05/01/28
11/01/28
05/01/29
11/01/29
05/01/30
11/01/30
05/01/31
11/01/31
05/01/32
11/01/32
05/01/33

$  3,530,000.00
$  3,410,000.00
$  3,410,000.00
$  3,285,000.00
$  3,285,000.00
$  3,150,000.00
$  3,150,000.00
$  3,010,000.00
$  3,010,000.00
$  2,860,000.00
$  2,860,000.00
$  2,705,000.00
$  2,705,000.00
$  2,540,000.00
$  2,540,000.00
$  2,365,000.00
$  2,365,000.00
$  2,180,000.00
$  2,180,000.00
$  1,985,000.00
$  1,985,000.00
$  1,780,000.00
$  1,780,000.00
$  1,565,000.00
$  1,565,000.00

5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%
5.30%

$	120,000.00
$	-
$	125,000.00
$	-
$	135,000.00
$	-
$	140,000.00
$	-
$	150,000.00
$	-
$	155,000.00
$	-
$	165,000.00
$	-
$	175,000.00
$	-
$	185,000.00
$	-
$	195,000.00
$	-
$	205,000.00
$	-
$	215,000.00
$	-
$	230,000.00

$	93,545.00
$	90,365.00
$	90,365.00
$	87,052.50
$	87,052.50
$	83,475.00
$	83,475.00
$	79,765.00
$	79,765.00
$	75,790.00
$	75,790.00
$	71,682.50
$	71,682.50
$	67,310.00
$	67,310.00
$	62,672.50
$	62,672.50
$	57,770.00
$	57,770.00
$	52,602.50
$	52,602.50
$	47,170.00
$	47,170.00
$	41,472.50
$	41,472.50

$	303,910.00

$	302,417.50

$	305,527.50

$	303,240.00

$	305,555.00

$	302,472.50

$	303,992.50

$	304,982.50

$	305,442.50

$	305,372.50

$	304,772.50

$	303,642.50

11/01/33	$  1,335,000.00	5.30%	$	-	$	35,377.50	$	306,850.00	
05/01/34	$  1,335,000.00	5.30%	$	240,000.00	$	35,377.50		
11/01/34	$  1,095,000.00	5.30%	$	-	$	29,017.50	$	304,395.00	
05/01/35	$  1,095,000.00	5.30%	$	255,000.00	$	29,017.50		
11/01/35	$	840,000.00	5.30%	$	-	$	22,260.00	$	306,277.50	
05/01/36	$	840,000.00	5.30%	$	265,000.00	$	22,260.00		
11/01/36	$	575,000.00	5.30%	$	-	$	15,237.50	$	302,497.50	
05/01/37	$	575,000.00	5.30%	$	280,000.00	$	15,237.50		
11/01/37	$	295,000.00	5.30%	$	-	$	7,817.50	$	303,055.00	
05/01/38	$	295,000.00	5.30%	$	295,000.00		$	7,817.50		$	302,817.50	
 	TOTAL				  $ 3,530,000.00 		  $ 1,947,220.00 		  $ 5,477,220.00 	

Page 9