Adopted Budget	
Fiscal Year 2018	

Lake Ashton II Community	
Development District	

August 11, 2017	

Lake Ashton II		
Community Development District	

TABLE OF CONTENTS		

General Fund		
Budget	Page 1-2	
Narrative	Page 3-6	
Capital Projects Fund		
Budget	Page 7	
Debt Service Fund		
Budget - Series 2005A	Page 8	
Amortization Schedule - 2005A	Page 9	
Budget - Series 2006A	Page 10	
Amortization Schedule - 2006A	Page 11	

Lake Ashton II											
Community Development District										General Fund	
		Adopted		Actual		Projected		Total		Adopted	
		Budget		Thru		Next		Projected		Budget	
 Description			 	FY 2017			 	6/30/2017			 	3 Months			 	9/30/2017			 	FY 2018		
REVENUES:											
Special Assessments - Tax Collector		$743,486		$757,040		$0		$757,040		$1,218,686	
Assessments - Direct		$515,531		$515,531		$0		$515,531		$0	
Assessments - Direct (Delinquent)		$0		$389,000		$0		$389,000		$0	
Interest Earned		$0		$3,554		$1,185		$4,738		$1,500	
Pickleball Revenues		$0		$29,827		$0		$29,827		$0	
Rental Fees		$0		$1,230		$2,500		$3,730		$5,000	
Miscellaneous Revenues		$0		$10,149		$0		$10,149		$0	
Carry Forward Surplus		$0		$161,005		$0		$161,005		$273,254	
 TOTAL REVENUES			 	$1,259,017 		 	$1,867,335 		 	$3,685 		 	$1,871,020 		 	$1,498,440 	
EXPENDITURES:											
ADMINISTRATIVE											
Arbitrage Consultant		$2,500		$1,250		$0		$1,250		$2,500	
Annual Audit		$5,400		$5,400		$0		$5,400		$5,600	
Attorney		$20,000		$16,146		$3,854		$20,000		$20,000	
Computer Time		$1,000		$750		$250		$1,000		$1,000	
Dissemination Agent		$6,000		$4,500		$1,500		$6,000		$6,000	
Dues, Licenses & Subscriptions		$175		$175		$0		$175		$175	
Insurance		$30,558		$28,225		$0		$28,225		$30,558	
Legal Advertising		$1,000		$161		$340		$500		$500	
Management Fees		$47,408		$35,556		$11,852		$47,408		$47,408	
Office Supplies		$150		$101		$199		$300		$300	
Other Current Charges		$1,700		$1,407		$350		$1,757		$2,000	
Postage		$1,500		$1,191		$309		$1,500		$1,500	
Printing & Binding		$1,200		$969		$231		$1,200		$1,200	
Telephone		$50		$0		$20		$20		$50	
Trustee Fees		$6,500		$0		$6,500		$6,500		$6,500	
 TOTAL  ADMINISTRATIVE EXPENDITURES			 	$125,140 		 	$95,830 		 	$25,405 		 	$121,235 		 	$125,290 	
FIELD EXPENDITURES											
ATHLETIC EQUIPMENT		$6,500		$17,114		$0		$17,114		$6,000	
BUILDING CONTRACT SERVICES		$0		$0		$0		$0		$46,920	
Alarm System - Hartline		$2,700		$2,308		$392		$2,700		$0	
Cleaning Services (Magic Genie)		$39,360		$30,520		$9,840		$40,360		$0	
Pool & Spa Maintenance (Pool Sure/Pool and Patio)		$11,100		$5,738		$4,500		$10,238		$0	
BUILDING /GROUNDS MAINTENANCE & SUPPLIES		$0		$0		$0		$0		$16,700	
Building		$0		$0		$0		$0		$0	
Grounds		$0		$0		$0		$0		$0	
Pest Control - Florida Pest		$1,700		$1,239		$461		$1,700		$0	
CONTINGENCY		$10,500		$41,270		$1,000		$42,270		$20,000	
ENGINEERING		$10,000		$22,745		$7,582		$30,327		$12,000	
HFC SPECIAL EVENTS		$3,000		$139		$2,861		$3,000		$3,000	
LANDSCAPE/LAKE CONTRACT SERVICES		$0		$0		$0		$0		$152,712	
Lake Maintenance - Applied Aquatics		$12,200		$13,167		$2,175		$15,342		$0	
Landscape Maintenance - Yellowstone		$144,012		$108,009		$36,003		$144,012		$0	
Irrigation Repairs - Yellowstone		$5,000		$0		$1,200		$1,200		$0	
OFFICE SUPPLIES/PRINTING/BINDING		$8,000		$10,302		$2,066		$12,367		$10,000	
PERMITS/INSPECTIONS		$1,500		$1,653		$0		$1,653		$1,500	
PERSONNEL EXPENSES		$0		$0		$0		$0		$170,675	
1099 Employees/Contracts		$14,500		$10,775		$3,725		$14,500		$0	
FICA		$8,033		$5,786		$2,247		$8,033		$0	
Health Insurance Coverage		$8,500		$6,361		$2,114		$8,475		$0	
Salaries & Wages - HFC		$105,000		$75,632		$29,368		$105,000		$0	
W.C. Insurance		$2,000		$2,436		$0		$2,436		$0	
PLANT/TREE REPLACEMENT		$10,000		$0		$4,500		$4,500		$10,000	
SECURITY CONTRACT SERVICES		$0		$0		$0		$0		$246,300	
Gate Attendants - Securitas		$165,000		$124,647		$45,646		$170,293		$0	
Video Security - ADT		$0		$0		$0		$0		$0	
UTILITIES		$0		$0		$0		$0		$207,767	
Electric - TECO		$110,000		$74,216		$25,784		$100,000		$0	
Refuse - Florida Refuse		$4,300		$3,383		$1,163		$4,546		$0	
Gas - Amerigas		$30,000		$18,423		$7,000		$25,423		$0	
Telephone/Internet - Spectrum		$12,000		$9,712		$4,288		$14,000		$0	
Water - City of Winter Heaven		$21,000		$17,253		$3,747		$21,000		$0	
Maintenance Services (Kincaid/Heartline)		$25,000		$40,176		$20,000		$60,176		$0	
 TOTAL  FIELD EXPENDITURES			 	$770,905 		 	$643,004 		 	$217,661 		 	$860,665 		 	$903,574 	

Lake Ashton II											
Community Development District										General Fund	
		Adopted		Actual		Projected		Total		Adopted	
		Budget		Thru		Next		Projected		Budget	
 Description			 	FY 2017			 	4/30/2017			 	5 Months			 	9/30/2017			 	FY 2018		
First Quarter Operating Reserves		$0		$0		$0		$0		$249,577	
Capital Reserve Projects											
Capital Projects		$312,773		$34,692		$41,035		$75,727		$0	
Pickleball Court		$50,000		$0		$0		$0		$0	
Pond Repairs/Maintenance		$200		$0		$0		$0		$0	
Tennis Court Maintenance		$0		$0		$0		$0		$0	
Paving Parking Lot/Lights		$0		$0		$0		$0		$0	
Athletic Equipment		$0		$0		$0		$0		$0	
Roadway Repairs		$0		$0		$0		$0		$0	
 TOTAL  RESERVE EXPENDITURES			 	$362,973 		 	$34,692 		 	$41,035 		 	$75,727 		 	$249,577 	
OTHER SOURCES/(USES)											
Interfund Tranfers In/(Out)		$0		$0		($540,139)		($540,139)		($220,000)	
 TOTAL  EXPENDITURES			 	$1,259,017 		 	$773,526 		 	$824,240 		 	$1,597,766 		 	$1,498,440 	
 Assigned Fund Balance			$0		$1,093,809		($820,555)		$273,254		$0	
				FY 2015		FY 2016		FY 2017		FY 2018	
NET ASSESSMENTS				$1,259,014		$1,259,017		$1,259,017		$1,218,686	
PLUS COLLECTION FEES (7%)				$94,765		$94,765		$94,765		$91,729	
GROSS ASSESSMENTS				$1,353,779		$1,353,782		$1,353,782		$1,310,416	
NO. OF TOTAL PLANNED UNITS				703		703		703		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 2018
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.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.
Page 3

LAKE ASHTON II
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2018
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.

FIELD EXPENDITURES		
Athletic Equipment 	Annual Contract	
All exercise related equipment purchased, Maintenance with Commercial Fitness.	$6,000	
Building Contract Services	
Annual Contract	
Alarm/Fire Sprinklers – Hartline	$1,560	
Cleaning – Magic Genie	$39,360	
Pool & Spa – Pool Sure	$6,000	
Building/Grounds Maintenance & Supplies	
Annual Contract	
Building – Paper goods, small repair items, misc. chemicals and cleaning supplies	$5,520	
Paper goods, small repair parts, misc. chemicals and cleaning supplies.	$6,000	
Pest Control – Florida Pest	$1,816	
Contingency	$3,364	
Contingency
A contingency for any unanticipated and/or unscheduled cost to the District.

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

HFC Special Events

LAKE ASHTON II
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2018

The District will have shows and dances throughout the year.

Landscape Contract Services
Annual Contract
Lake Maintenance – Applied Aquatics	$8,700
Mowing, irrigation and plant replacement – Yellowstone	$144,012

Office Supplies/Printing & Binding
DEX – copier lease and printing costs	$3,314
The District will have office supplies such as paper, toner, etc.	$6,686

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

Personnel Expenses
1099 Hourly Employees	$16,500
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 personal to manage and supervise the Health Fitness Center.
W.C. Insurance - The District's Workers Comp. Insurance policy is with SUMMIT.

Plant Replacement
Palms and other landscape plants.

Security Contract Services	Annual Contract
Gate Attendants and Roving Patrols – Securitas	$245,000 Video Security – ADT		$1,300

Utilities

Electric - TECO

ACCOUNTS	SERVICE ADDESS	ANNUAL		
0921-0564191	7900 CR 653 IRR	$	560.00		
0921-0564001	7900 653 RD GRD HSE	$	1,550.00		
0921-0568421	4000 MULLIGAN LN	$	2,000.00		
0921-0568501	6052 PEBBLE BEACH BL	$	25,600.00		
0921-0579621	PEBBLE BEACH/ASHTON BL	$	3,400.00		
0921-0567531	ASHTON PALMS PH1 DR	$	61,200.00		
0921-0679410	HOGAN LANE	$	5,500.00		
	SAWGRASS DRIVE, ST LIGHT	$	24,700.00		
	LA PHASE II N, ST LIGHT	$	16,220.00		
	TOTAL	$	140,730.00		

Refuse – Florida Refuse	Annual Contract
$4,550	
Propane – Amerigas	$25,000	
Telephone/Internet - Brighthouse (Spectrum)	$14,000	

Water - City of Winter Haven

LAKE ASHTON II
COMMUNITY DEVELOPMENT DISTRICT
GENERAL FUND BUDGET FISCAL YEAR 2018

SERVICE ADDRESS	ACCOUNT NUMBER	ANNUAL	
NEW ACCOUNTS			
7900 COUNTY RD-653 GUARD HOUSE	792401	$	7,531.99	
6052 PEBBLE BEACH BLVD	792402	$ 12,755.27	
5135 WINGED FT LN D PARK #1RR	792403	$	2,284.40	
LOT 293 W S. DOG PARK	792406	$	914.86	
TOTAL		$ 23,486.52	

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.

Page 6

	Lake Ashton II										
	Community Development District									Capital Projects	
		Adopted	Actual			Projected		Total		Adopted	
		Budget	Thru			Next		Projected		Budget	
	 Description		 	FY 2017		 	6/30/2017		 	3 Months			 	9/30/2017			 	FY 2018		
	Revenues										
(1)	Capital Reserve - Tranfer In		$0	$0		$540,139		$540,139		$220,000	
	Interest Income		$0	$0		$0		$0		$0	
	Carry Forward Surplus		$0	$0		$0		$0		$540,139	
	     TOTAL REVENUES		 		$0  	 		$0 		 	$540,139 		 	$540,139 		 	$760,139 	
	Expenditures										
	Capital Projects - FY18										
	Pond Repairs and Maintenance		$0	$0		$0		$0		$25,000	
	Pickleball Courts		$0	$0		$0		$0		$30,000	
	Paving Parking Lot/Lights		$0	$0		$0		$0		$90,000	
	Road Repairs		$0	$0		$0		$0		$75,000	
	Other Capital Project Expenses		$0	$0		$0		$0		$540,139	
	     TOTAL  EXPENDITURES		 		$0  	 		$0 		 	$0 		 	$0 		 	$760,139 	
	     EXCESS REVENUES			$0	$0		$540,139		$540,139		$0	

	Lake Ashton II									
	Community Development District					Debt Service Fund	

							Series 2005A	
		Adopted	Actual		Projected		Total		Adopted	
		Budget	Thru		Next		Projected		Budget	
	 Description		 	FY 2017		 		6/30/2017			 	3 Months			 	9/30/2017			 	FY 2018		
	Revenues									
(1)	Assessments - On Roll (A)	$443,922	$448,425		$0		$448,425		$436,872	
	Prepayments	$0	$27,686		$0		$27,686		$0	
	Interest Income	$0	$1,301		$250		$1,551		$1,000	
(2)	Carry Forward Surplus	$146,394	$196,222		$0		$196,222		$185,650	
	     TOTAL REVENUES		
 	$590,316  	 		$673,634 		 	$250 		 	$673,884 		 	$623,522 	
	Expenditures									
	Series 2005A									
	Interest - 11/1	$144,722	$144,722		$0		$144,722		$139,347	
	Special Call - 11/1	$0	$45,000		$0		$45,000		$30,000	
	Interest - 5/1	$144,722	$143,513		$0		$143,513		$139,347	
	Principal - 5/1	$155,000	$155,000		$0		$155,000		$160,000	
	     TOTAL  EXPENDITURES		
 	$444,444  	 		$488,234 		 	$0 		 	$488,234 		 	$468,694 	
	     EXCESS REVENUES		$145,872	$185,400		$250		$185,650		$154,828	

(1)	Maximum Annual Debt Service	11/1/2015					11/1/2018 Interest		$135,047	
(2)	Carry forward surplus is net of the reserve requirement and Deferred Costs				2005 A			
					FY 2016		FY 2017		FY 2018	
	NET ASSESSMENTS			$455,671.98		$443,921.99		$436,871.99	
	PLUS COLLECTION FEES (7%)		$34,297.89		$33,413.48		$32,882.84	
	GROSS ASSESSMENTS			$489,969.87		$477,335.47		$469,754.83	
	NO. OF UNITS			361		351		345	
	GOLF COURSE			$33,868		$33,868		$33,868	
	GROSS PER UNIT ASSESSMENT		$1,263.44		$1,263.44		$1,263.44	

Lake Ashton II			Amortization Schedule	
Community Development District		Series 2005A, Capital Improvement Revenue Bonds	
DATE	BALANCE	RATE	PRINCIPAL		INTEREST		TOTAL	
								
11/01/17	$	5,185,000.00	5.38%	$	-		$	139,346.88		$	139,346.88	
05/01/18	$	5,185,000.00	5.38%	$	160,000.00		$	139,346.88		$	-	
11/01/18	$	5,025,000.00	5.38%	$	-		$	135,046.88		$	434,393.75	
05/01/19	$	5,025,000.00	5.38%	$	170,000.00		$	135,046.88		$	-	
11/01/19	$	4,855,000.00	5.38%	$	-		$	130,478.13		$	435,525.00	
05/01/20	$	4,855,000.00	5.38%	$	180,000.00		$	130,478.13		$	-	
11/01/20	$	4,675,000.00	5.38%			$	125,640.63		$	436,118.75	
05/01/21	$	4,675,000.00	5.38%	$	190,000.00		$	125,640.63		$	-	
11/01/21	$	4,485,000.00	5.38%	$	-		$	120,534.38		$	436,175.00	
05/01/22	$	4,485,000.00	5.38%	$	200,000.00		$	120,534.38		$	-	
11/01/22	$	4,285,000.00	5.38%	$	-		$	115,159.38		$	435,693.75	
05/01/23	$	4,285,000.00	5.38%	$	210,000.00		$	115,159.38		$	-	
11/01/23	$	4,075,000.00	5.38%	$	-		$	109,515.63		$	434,675.00	
05/01/24	$	4,075,000.00	5.38%	$	225,000.00		$	109,515.63		$	-	
11/01/24	$	3,850,000.00	5.38%	$	-		$	103,468.75		$	437,984.38	
05/01/25	$	3,850,000.00	5.38%	$	235,000.00		$	103,468.75		$	-	
11/01/25	$	3,615,000.00	5.38%	$	-		$	97,153.13		$	435,621.88	
05/01/26	$	3,615,000.00	5.38%	$	250,000.00		$	97,153.13		$	-	
11/01/26	$	3,365,000.00	5.38%	$	-		$	90,434.38		$	437,587.50	
05/01/27	$	3,365,000.00	5.38%	$	260,000.00		$	90,434.38		$	-	
11/01/27	$	3,105,000.00	5.38%	$	-		$	83,446.88		$	433,881.25	
05/01/28	$	3,105,000.00	5.38%	$	275,000.00		$	83,446.88		$	-	
11/01/28	$	2,830,000.00	5.38%	$	-		$	76,056.25		$	434,503.13	
05/01/29	$	2,830,000.00	5.38%	$	290,000.00		$	76,056.25		$	-	
11/01/29	$	2,540,000.00	5.38%	$	-		$	68,262.50		$	434,318.75	
05/01/30	$	2,540,000.00	5.38%	$	310,000.00		$	68,262.50		$	-	
11/01/30	$	2,230,000.00	5.38%	$	-		$	59,931.25		$	438,193.75	
05/01/31	$	2,230,000.00	5.38%	$	325,000.00		$	59,931.25		$	-	
11/01/31	$	1,905,000.00	5.38%	$	-		$	51,196.88		$	436,128.13	
05/01/32	$	1,905,000.00	5.38%	$	340,000.00		$	51,196.88		$	-	
11/01/32	$	1,565,000.00	5.38%	$	-		$	42,059.38		$	433,256.25	
05/01/33	$	1,565,000.00	5.38%	$	360,000.00		$	42,059.38		$	-	
11/01/33	$	1,205,000.00	5.38%	$	-		$	32,384.38		$	434,443.75	
05/01/34	$	1,205,000.00	5.38%	$	380,000.00		$	32,384.38		$	-	
11/01/34	$	825,000.00	5.38%	$	-		$	22,171.88		$	434,556.25	
05/01/35	$	825,000.00	5.38%	$	400,000.00		$	22,171.88		$	-	
11/01/35	$	425,000.00	5.38%	$	-		$	11,421.88		$	433,593.75	
05/01/36	$	425,000.00	5.38%	$	425,000.00		$	11,421.88		$	436,421.88	
 	TOTAL				  $		5,185,000.00 		  $		3,227,418.75 		  $		8,412,418.75 	

Lake Ashton II				
Community Development District	Debt Service Fund	
			Series 2006A	
	Adopted		Adopted	
	Budget		Budget	
 Description		 	FY 2017		 	FY 2018		
Revenues				
Other Revenue Sources	$344,290		$79,288	
Special Assessments	$0		$315,038	
Interest Earned	$0		$0	
Carry Forward Surplus	$0		$0	
   TOTAL REVENUES 	 	$344,290	 	$394,326	
Expenditures				
Interest - 11/1	$115,143		$79,288	
Interest - 5/1	$115,143		$104,940	
Principal - 5/1	$105,000		$105,000	
   TOTAL EXPENDITURES	 	$335,286 	 	$289,228 	
   EXCESS REVENUES 	 	$9,004 	 	$105,098 	
	
11/1/2018 Interest	
$	102,157.50	
			FY 2018	
NET ASSESSMENTS		$315,037.50	
PLUS COLLECTION FEES (7%	$23,712.50	
GROSS ASSESSMENTS		$338,750.00	
NO. OF UNITS		271	
GROSS PER UNIT ASSESSMEN	$1,250.00	

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

06/15/17	
$	3,960,000.00	
5.30%	
$	-		
$	-			
11/01/17	$	3,960,000.00	5.30%	$	-		$	79,288.00		$	79,288.00	
05/01/18	$	3,960,000.00	5.30%	$	105,000.00		$	104,940.00			
11/01/18	$	3,855,000.00	5.30%	$	-		$	102,157.50		$	312,097.50	
05/01/19	$	3,855,000.00	5.30%	$	110,000.00		$	102,157.50			
11/01/19	$	3,745,000.00	5.30%	$	-		$	99,242.50		$	311,400.00	
05/01/20	$	3,745,000.00	5.30%	$	115,000.00		$	99,242.50			
11/01/20	$	3,630,000.00	5.30%	$	-		$	96,195.00		$	310,437.50	
05/01/21	$	3,630,000.00	5.30%	$	125,000.00		$	96,195.00			
11/01/21	$	3,505,000.00	5.30%	$	-		$	92,882.50		$	314,077.50	
05/01/22	$	3,505,000.00	5.30%	$	130,000.00		$	92,882.50			
11/01/22	$	3,375,000.00	5.30%	$	-		$	89,437.50		$	312,320.00	
05/01/23	$	3,375,000.00	5.30%	$	135,000.00		$	89,437.50			
11/01/23	$	3,240,000.00	5.30%	$	-		$	85,860.00		$	310,297.50	
05/01/24	$	3,240,000.00	5.30%	$	145,000.00		$	85,860.00			
11/01/24	$	3,095,000.00	5.30%	$	-		$	82,017.50		$	312,877.50	
05/01/25	$	3,095,000.00	5.30%	$	155,000.00		$	82,017.50			
11/01/25	$	2,940,000.00	5.30%	$	-		$	77,910.00		$	314,927.50	
05/01/26	$	2,940,000.00	5.30%	$	160,000.00		$	77,910.00			
11/01/26	$	2,780,000.00	5.30%	$	-		$	73,670.00		$	311,580.00	
05/01/27	$	2,780,000.00	5.30%	$	170,000.00		$	73,670.00			
11/01/27	$	2,610,000.00	5.30%	$	-		$	69,165.00		$	312,835.00	
05/01/28	$	2,610,000.00	5.30%	$	180,000.00		$	69,165.00			
11/01/28	$	2,430,000.00	5.30%	$	-		$	64,395.00		$	313,560.00	
05/01/29	$	2,430,000.00	5.30%	$	190,000.00		$	64,395.00			
11/01/29	$	2,240,000.00	5.30%	$	-		$	59,360.00		$	313,755.00	
05/01/30	$	2,240,000.00	5.30%	$	200,000.00		$	59,360.00			
11/01/30	$	2,040,000.00	5.30%	$	-		$	54,060.00		$	313,420.00	
05/01/31	$	2,040,000.00	5.30%	$	210,000.00		$	54,060.00			
11/01/31	$	1,830,000.00	5.30%	$	-		$	48,495.00		$	312,555.00	
05/01/32	$	1,830,000.00	5.30%	$	220,000.00		$	48,495.00			
11/01/32	$	1,610,000.00	5.30%	$	-		$	42,665.00		$	311,160.00	
05/01/33	$	1,610,000.00	5.30%	$	235,000.00		$	42,665.00			
11/01/33	$	1,375,000.00	5.30%	$	-		$	36,437.50		$	314,102.50	
05/01/34	$	1,375,000.00	5.30%	$	245,000.00		$	36,437.50			
11/01/34	$	1,130,000.00	5.30%	$	-		$	29,945.00		$	311,382.50	
05/01/35	$	1,130,000.00	5.30%	$	260,000.00		$	29,945.00			
11/01/35	$	870,000.00	5.30%	$	-		$	23,055.00		$	313,000.00	
05/01/36	$	870,000.00	5.30%	$	275,000.00		$	23,055.00			
11/01/36	$	595,000.00	5.30%	$	-		$	15,767.50		$	313,822.50	
05/01/37	$	595,000.00	5.30%	$	290,000.00		$	15,767.50			
11/01/37	$	305,000.00	5.30%	$	-		$	8,082.50		$	313,850.00	
05/01/38	$	305,000.00	5.30%	$	305,000.00		$	8,082.50		$	313,082.50	
 	TOTAL				  $		3,960,000.00 		  $		2,685,828.00 		  $		6,645,828.00 	

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