Arborwood Community Development District

Final Budget Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS
1 - 3	REVENUE AND EXPENSE DESCRIPTIONS

FINAL TOTAL BUDGET

FINAL TOTAL BUDGET DETAIL

BUDGET COMPARISON

FINAL GENERAL FUND BUDGET

FINAL DEBT SERVICE FUND BUDGET - 2014 BOND

FINAL DEBT SERVICE FUND BUDGET - 2018 BOND

ASSESSMENTS RECAP - PARCEL A - MARINA BAY & BOTANICA LAKES

ASSESSMENTS RECAP - PARCELS B & D/E - BRIDGETOWN & SOMERSET

ASSESSMENTS RECAP - WCI PARCELS

ASSESSMENTS RECAP - OTHER PARCELS

GENERAL FUND METHODOLOGY

2014 BOND METHODOLOGY

2018 BOND METHODOLOGY

ON ROLL ASSESSMENT COMPARISON

REVENUES

1	GENERAL FUND ON ROLL ASSESSMENTS
All assessments placed on the tax roll for Operations & Maintenance.

2	GENERAL FUND DIRECT BILL ASSESSMENTS
Individual parcels not placed on the tax roll are billed directly by mail for Operations & Maintenance.

3	DEBT ON ROLL ASSESSMENTS - SERIES 2014A-1
Debt Assessments collected via the property tax roll for Series 2014 A-1 Bond.

4	DEBT DIRECT BILL ASSESSMENTS - SERIES 2014A-1
Debt Assessments collected via direct billing for Series 2014 A-1 Bond.

5	DEBT ON ROLL ASSESSMENTS - SERIES 2014A-2
Debt Assessments collected via the property tax roll for Series 2014 A-2 Bond.

6	DEBT DIRECT BILL ASSESSMENTS - SERIES 2014A-2
Debt Assessments collected via direct billing for Series 2014 A-2 Bond.

7	DEBT DIRECT BILL ASSESSMENTS - SERIES 2014B
Debt Assessments collected via direct billing for Series 2014 A-2 Bond.

8	DEBT ON ROLL ASSESSMENTS - SERIES 2018
Debt Assessments collected via the property tax roll for Series 2018 Bond.

9	DEBT DIRECT BILL ASSESSMENTS - SERIES 2018
Debt Assessments collected via direct billing for Series 2018 Bond.

10  MISCELLANEOUS REVENUE
Any Item that does not fall into the other income categories.

11  GENERAL FUND INTEREST INCOME
Any interest earned on the general fund balance is recorded in this category.

12  GENERAL FUND OTHER REVENUES
This is usually carry over funds from a prior year.

EXPENDITURES

13  PAYROLL TAX EXPENSE
For taxes associated with the payroll to supervisors.

14  SUPERVISOR FEES
Fees paid to supervisors for their service to the District.

15  ENGINEERING
State statute requires the District to have an engineer and pay for his or her services.

16  MANAGEMENT
State statute requires the District to have a manager and pay for his or her services.

17  LEGAL

State statute requires the District to have an attorney and pay for his or her services.

18  ASSESSMENT ROLL
The cost to prepare the assessment roll and submit it to the county tax collector.

1

19  ANNUAL AUDIT
State statue requires the District to have financial statements audited yearly.

20  ARBITRAGE REBATE FEE
This is a bond requirement related to the tax exempt status of the bonds.

21  INSURANCE
The District has a liability insurance policy that protects the supervisors and staff acting on the district's behalf.

22  LEGAL ADVERTISING
State statute requires the District to advertise meetings in advance.

23  MISCELLANEOUS
Any item that does not fit into a category already established.

24  POSTAGE

Any packages/letters sent on behalf of the district. Proposals, certified mail, etc. are charged to this category.

25  OFFICE SUPPLIES
This is mainly paper and ink cost related to any printed documents for the district.

26  DUES & SUBSCRIPTIONS
An annual due is required to pay to the state.

27  TRUSTEE FEES
Fees paid to the Bank Trustee responsible for the Bond bank accounts.

28  CONTINUING DISCLOSURE FEE
These are reports we have to file with the SEC related to any bonds.

29  AMORTIZATION SCHEDULES
This is the fee we are charged by either a trustee or financial advisor if we have to reamortize the bonds due to a prepayment.

30  WEBSITE

State statute requires the District to have a public website. This is the cost to run and host the website.

31  PROFESSIONAL FEE & PERMITS
Permit, survey, etc., cost related to maintenance or construction.

32  ELECTRICITY
Electric cost related to District owned equipment, i.e. wells, fountain pumps, etc.

33  TREELINE PRESEVE MAINT - EXOTICS
Removal of exotics annually

34  DRI TRAFFIC MONITORING
Bi-annual monitoring of traffic counts to verify actual traffic does not exceed design capacity

35  ENVIROMENTAL CONSULTING - PASSARELLA

Ecological consultant and management of preserve maintenance

36  PANTHER MITIGATION MAINT - EXOTICS
Panther mitigation is an offsite parcel that is required to have the exotics removed on an annual basis as consistent with the ACOE Permit

37  STREET LIGHTING - UTILITY & MAINT
Maintenance on district owned streetlights

38  CAPITAL OUTLAY - SMALL
Small, miscellaneous construction related to district improvements.

2

39  COUNTY APPRAISER & TAX COLLECTOR FEE
Fees charged to the District by the County Appraiser and Tax Collector for collecting the District's NAV Assessments.

40  FLOWWAY MAINT
Removal of plant material of east/west ditch on an annual basis to improve conveyance

41  MITIGATION MONITORING - (PARCEL C ONLY)
Inspection of the preserve located in Parcel C

42  PRESERVE MAINT - (PARCEL C ONLY)
Removal of exotics in Parcel C preserves

43  LAKE MAINT - AQUATIC CONTROL MAINT- (SOMERSET ONLY)
Maintenance of aquatic vegetation in Somerset lakes

44  LAKE MAINT - EROSION MAINT- (SOMERSET ONLY)
Maintenance of lake banks from erosion in Somerset lakes

44  PRESERVE MAINT - (SOMERSET ONLY)
Removal of exotics annually in the preserve in Somerset

45  FIELD INSPECTOR - (SOMERSET ONLY)
Staff person for public relations and coordination of maintenance

46  STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)
Inspection and maintenance of the stormwater drainage pipes in Somerset

47  STORMWATER DRAINS INS & MAINT - (BRIDGETOWN ONLY)
Inspection of the stormwater drainage pipes in Bridgetown and submitting report to Bridgetown HOA

48  DEBT PAYMENT (2014)
Total Interest and Principal Payment for the year for all the Parcel C Series 2014 Bonds

49  DEBT PAYMENT (2018)
Total Interest and Principal Payment for the year for all parcels except C for the Series 2018 Bonds

50  MISCELLANEOUS DEBT EXPENSE
Any debt expense other that the regularly scheduled principal and interest payments

51  DISCOUNTS FOR EARLY PAYMENTS
4% buffer to cover for all residents you pay early and receive a discount off their property tax bill, which can be up to 4%

3

TOTAL
FISCAL YEAR 2022/2023
October 1, 2022 - September 30, 2023

REVENUES		TOTAL	
GENERAL FUND ON ROLL ASSESSMENT		500,974	
GENERAL FUND DIRECT BILL ASSESSMENT - WCI		3,538	
DEBT ON ROLL ASSESSMENT		3,212,720	
DEBT DIRECT BILL ASSESSMENT - WCI		57,812	
OTHER INCOME / CARRYOVER BALANCE				18,000	
Total Revenues		$	3,793,044	

EXPENDITURES			
PAYROLL TAX EXPENSE		880	
SUPERVISOR FEES		11,000	
ENGINEERING		32,500	
MANAGEMENT		38,568	
LEGAL		22,000	
ASSESSMENT ROLL		5,000	
ANNUAL AUDIT		5,350	
ARBITRAGE REBATE FEE		2,000	
INSURANCE		12,000	
LEGAL ADVERTISING		5,500	
MISCELLANEOUS		3,300	
POSTAGE		1,150	
OFFICE SUPPLIES		2,300	
DUES & SUBSCRIPTIONS		175	
TRUSTEE FEES		30,000	
CONTINUING DISCLOSURE FEE		4,000	
AMORTIZATION SCHEDULES		500	
WEBSITE		2,000	
PROFESSIONAL FEE & PERMITS		1,250	
TREELINE PRESEVE MAINT - EXOTICS		6,000	
DRI TRAFFIC MONITORING		10,000	
ENVIROMENTAL CONSULTING - PASSARELLA		22,000	
PANTHER MITIGATION MAINT - EXOTICS		80,000	
STREET LIGHTING - UTILITY & MAINT		13,000	
CAPITAL OUTLAY - SMALL		1,000	
COUNTY APPRAISER & TAX COLLECTOR FEE		10,000	
FLOWWAY MAINT		4,600	
MITIGATION MONITORING - (PARCEL C ONLY)		0	
PRESERVE MAINT - (PARCEL C ONLY)		10,800	
LAKE MAINT - (SOMERSET ONLY)		46,100	
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		36,500	
PRESERVE MAINT - (SOMERSET ONLY)		35,000	
INSPECTOR - (SOMERSET ONLY)		25,500	
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)		20,000	
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)				2,500	
Total Expenditures		$	502,473	
			
EXCESS / (SHORTFALL)		$	3,290,571	

DEBT PAYMENTS (2014)		
(609,673)	
DEBT PAYMENTS (2018)		(2,532,350)	
MISCELLANEOUS DEBT EXPENSE		0	
BALANCE		$	148,548	

DISCOUNTS FOR EARLY PAYMENTS		
(148,548)	
NET EXCESS / (SHORTFALL)		$	-	

DETAILED TOTAL FISCAL YEAR 2022/2023
October 1, 2022 - September 30, 2023

GENERAL FUND

DEBT - SERIES 2014

DEBT - SERIES 2018

 A-1 & A-2	B			A-1 & A-2			TOTAL		
REVENUES							
GENERAL FUND ON ROLL ASSESSMENT		500,974	0	0	0	500,974	
GENERAL FUND DIRECT BILL ASSESSMENT - WCI		3,538	0	0	0	3,538	
DEBT ON ROLL ASSESSMENT		0	574,855	0	2,637,865	3,212,720	
DEBT DIRECT BILL ASSESSMENT - WCI		0	38,664	19,148	0	57,812	
OTHER INCOME / CARRYOVER BALANCE			18,000		0	0		0		18,000	
Total Revenues		 $	522,512	 $ 613,519  $  19,148	 $	2,637,865	 $  3,793,044	

EXPENDITURES						
PAYROLL TAX EXPENSE	880	0	0	0	880	
SUPERVISOR FEES	11,000	0	0	0	11,000	
ENGINEERING	32,500	0	0	0	32,500	
MANAGEMENT	38,568	0	0	0	38,568	
LEGAL	22,000	0	0	0	22,000	
ASSESSMENT ROLL	5,000	0	0	0	5,000	
ANNUAL AUDIT	5,350	0	0	0	5,350	
ARBITRAGE REBATE FEE	2,000	0	0	0	2,000	
INSURANCE	12,000	0	0	0	12,000	
LEGAL ADVERTISING	5,500	0	0	0	5,500	
MISCELLANEOUS	3,300	0	0	0	3,300	
POSTAGE	1,150	0	0	0	1,150	
OFFICE SUPPLIES	2,300	0	0	0	2,300	
DUES & SUBSCRIPTIONS	175	0	0	0	175	
TRUSTEE FEES	30,000	0	0	0	30,000	
CONTINUING DISCLOSURE FEE	4,000	0	0	0	4,000	
AMORTIZATION SCHEDULES	500	0	0	0	500	
WEBSITE	2,000	0	0	0	2,000	
PROFESSIONAL FEE & PERMITS	1,250	0	0	0	1,250	
TREELINE PRESEVE MAINT - EXOTICS	6,000	0	0	0	6,000	
DRI TRAFFIC MONITORING	10,000	0	0	0	10,000	
ENVIROMENTAL CONSULTING - PASSARELLA	22,000	0	0	0	22,000	
PANTHER MITIGATION MAINT - EXOTICS	80,000	0	0	0	80,000	
STREET LIGHTING - UTILITY & MAINT	13,000	0	0	0	13,000	
CAPITAL OUTLAY - SMALL	1,000	0	0	0	1,000	
COUNTY APPRAISER & TAX COLLECTOR FEE	10,000	0	0	0	10,000	
FLOWWAY MAINT	4,600	0	0	0	4,600	
MITIGATION MONITORING - (PARCEL C ONLY)	0	0	0	0	0	
PRESERVE MAINT - (PARCEL C ONLY)	10,800	0	0	0	10,800	
LAKE MAINT - (SOMERSET ONLY)	46,100	0	0	0	46,100	
LAKE BANK EROSION MAINT - (SOMERSET ONLY)	36,500	0	0	0	36,500	
PRESERVE MAINT - (SOMERSET ONLY)	35,000	0	0	0	35,000	
INSPECTOR - (SOMERSET ONLY)	25,500	0	0	0	25,500	
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)	20,000	0	0	0	20,000	
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)				2,500			0	0			0			2,500	
Total Expenditures			 $	502,473		 $	-	$	-			 $	-			 $	502,473	
EXCESS / (SHORTFALL)			 $	20,039		 $ 613,519  $  19,148		 $	2,637,865		 $  3,290,571	

DEBT PAYMENTS (2014)	
0	
(590,525)	
(19,148)	
0	
(609,673)	
DEBT PAYMENTS (2018)	0	0	0	(2,532,350)	(2,532,350)	
MISCELLANEOUS DEBT EXPENSE	0	0	0	0	0	
BALANCE			 $	20,039		 $  22,994  $	-			 $	105,515		 $	148,548	

DISCOUNTS FOR EARLY PAYMENTS	
(20,039)	
(22,994)	
-	
(105,515)	
(148,548)	
NET EXCESS / (SHORTFALL)			 $	-			 $	-	$	-			 $	-			 $	-		

		FISCAL YEAR 2020/2021 ACTUAL *		FISCAL YEAR 2021/2022 ANNUAL BUDGET		FISCAL YEAR 2022/2023 ANNUAL BUDGET		

LARGE VARIANCE EXPLANATION	
									
REVENUES									

GENERAL FUND ON ROLL ASSESSMENT		
512,446		
504,210		
500,974		More platted lots on roll and assessment raised because carryover has been depleted	
GENERAL FUND DIRECT BILL ASSESSMENT - LENNAR		0		3,565		3,538		More lots on roll - results in less direct billed	
GENERAL FUND DIRECT BILL ASSESSMENT - OTHER		0		0		0			
DEBT ON ROLL ASSESSMENT		3,165,927		3,212,720		3,212,720		More lots on roll - results in less direct billed	
DEBT DIRECT BILL ASSESSMENT - WCI		235,481		57,812		57,812		More lots on roll - results in less direct billed	
PREPAYMENTS		0		0		0			
MISCELLANEOUS DEBT INCOME		0		0		0			
GENERAL FUND INTEREST INCOME/OTHER INCOME		0		0		0			

GENERAL FUND OTHER REVENUES/CARRYOVER BALANCE		0		15,000		18,000		Carryover Funds Being Used To Reduce
Assessments	
									
Total Revenues		$  3,913,854		$	3,793,308		$	3,793,044			
EXPENDITURES									
PAYROLL TAX EXPENSE		291		880		880			
SUPERVISOR FEES		3,800		11,000		11,000			
ENGINEERING		27,075		32,500		32,500		0	

MANAGEMENT		36,936		37,452		38,568		Annual CPI increase in contract (capped at
3%)	
LEGAL		7,824		23,000		22,000		(1,000)	
ASSESSMENT ROLL		5,000		5,000		5,000			
ANNUAL AUDIT		5,350		5,350		5,350		Accepted Amount For 2021/2022 Audit	
ARBITRAGE REBATE FEE		1,000		2,000		2,000			
INSURANCE		9,646		12,000		12,000			
LEGAL ADVERTISING		3,897		5,500		5,500			
MISCELLANEOUS		1,417		3,500		3,300			
POSTAGE		340		1,200		1,150			
OFFICE SUPPLIES		479		2,300		2,300			
DUES & SUBSCRIPTIONS		175		175		175			
TRUSTEE FEES		27,174		30,000		30,000			
CONTINUING DISCLOSURE FEE		3,000		4,000		4,000			
AMORTIZATION SCHEDULES		300		500		500			
WEBSITE		2,000		2,000		2,000			
PROFESSIONAL FEE & PERMITS		0		1,250		1,250			
TREELINE PRESEVE MAINT - EXOTICS		7,500		6,000		6,000		Last Expenditure Was In 2015	
DRI TRAFFIC MONITORING		0		10,000		10,000		Expenditure Occurs Every Two Years	
ENVIROMENTAL CONSULTING - PASSARELLA		23,462		20,000		22,000			
PANTHER MITIGATION MAINT - EXOTICS		80,000		80,000		80,000			
STREET LIGHTING - UTILITY & MAINT		7,653		15,000		13,000			
CAPITAL OUTLAY - SMALL		0		1,000		1,000			
COUNTY APPRAISER & TAX COLLECTOR FEE		7,900		10,000		10,000			
FLOWWAY MAINT		0		4,600		4,600			
									
MITIGATION MONITORING - (PARCEL C ONLY)		0		0		0		Last Expenditure Was In 2018	
PRESERVE MAINT - (PARCEL C ONLY)		5,400		10,800		10,800			
									
LAKE MAINT - AQAUTIC CONTROL - (SOMERSET ONLY)		46,068		46,100		46,100			
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		35,340		36,500		36,500			
PRESERVE MAINT - (SOMERSET ONLY)		35,000		35,000		35,000			
FIELD INSPECTOR - (SOMERSET ONLY)		25,229		25,500		25,500			
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)		22,225		20,000		20,000			
									
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)		0		2,500		2,500			
									
Total Expenditures		431,481		502,608		502,473			
									
EXCESS / (SHORTFALL)		$ 3,482,373		$	3,290,700		$	3,290,571			
									
DEBT PAYMENTS (2014)		(741,524)		(609,673)		(609,673)			
DEBT PAYMENTS (2018)		(2,531,022)		(2,532,350)		(2,532,350)			
MISCELLANEOUS DEBT EXPENSE		0		-		-			
									
BALANCE		$	209,827		$	148,677		$	148,548			

DISCOUNTS FOR EARLY PAYMENTS		(139,905)		(148,677)		(148,548)		Higher assessments on roll results in higher
discount potential	
									
NET EXCESS / (SHORTFALL)		$	69,922		$	0		$	-			

BUDGET COMPARISON
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT

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5
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8

9

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12

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14
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* Un-audited figures

GENERAL FUND FISCAL YEAR 2022/2023
October 1, 2022 - September 30, 2023

	FISCAL YEAR		FISCAL YEAR	
	2021/2022		2022/2023	
	ANNUAL BUDGET		ANNUAL BUDGET	
REVENUES					
ON ROLL ASSESSMENTS		504,210		500,974	
DIRECT BILL ASSESSMENTS - WCI		3,565		3,538	
INTEREST INCOME		0		0	
OTHER INCOME / CARRYOVER BALANCE		15,000		18,000	
Total Revenues			 $	522,775		 $	522,512	
EXPENDITURES					
PAYROLL TAX EXPENSE		880		880	
SUPERVISOR FEES		11,000		11,000	
ENGINEERING		32,500		32,500	
MANAGEMENT		37,452		38,568	
LEGAL		23,000		22,000	
ASSESSMENT ROLL		5,000		5,000	
ANNUAL AUDIT		5,350		5,350	
ARBITRAGE REBATE FEE		2,000		2,000	
INSURANCE		12,000		12,000	
LEGAL ADVERTISING		5,500		5,500	
MISCELLANEOUS		3,500		3,300	
POSTAGE		1,200		1,150	
OFFICE SUPPLIES		2,300		2,300	
DUES & SUBSCRIPTIONS		175		175	
TRUSTEE FEES		30,000		30,000	
CONTINUING DISCLOSURE FEE		4,000		4,000	
AMORTIZATION SCHEDULES		500		500	
WEBSITE		2,000		2,000	
PROFESSIONAL FEE & PERMITS		1,250		1,250	
TREELINE PRESEVE MAINT - EXOTICS		6,000		6,000	
DRI TRAFFIC MONITORING		10,000		10,000	
ENVIROMENTAL CONSULTING - PASSARELLA		20,000		22,000	
PANTHER MITIGATION MAINT - EXOTICS		80,000		80,000	
STREET LIGHTING - UTILITY & MAINT		15,000		13,000	
CAPITAL OUTLAY - SMALL		1,000		1,000	
COUNTY APPRAISER & TAX COLLECTOR FEE		10,000		10,000	
FLOWWAY MAINT		4,600		4,600	
MITIGATION MONITORING - (PARCEL C ONLY)		0		0	
PRESERVE MAINT - (PARCEL C ONLY)		10,800		10,800	
LAKE MAINT - AQAUTIC CONTROL - (SOMERSET ONLY)		46,100		46,100	
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		36,500		36,500	
PRESERVE MAINT - (SOMERSET ONLY)		35,000		35,000	
FIELD INSPECTOR - (SOMERSET ONLY)		25,500		25,500	
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)		20,000		20,000	
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)		2,500		2,500	
Total Expenditures			 $	502,607		 $	502,473	
EXCESS / (SHORTFALL)			 $	20,168		 $	20,039	
DISCOUNTS FOR EARLY PAYMENTS		(20,168)		(20,039)	
NET EXCESS / (SHORTFALL)			 $	-			 $	-		
Approximate Fund Balance as of 9-30-2022 = 260,000.00					

2014 DEBT SERVICE FUND FISCAL YEAR 2022/2023
October 1, 2022 - September 30, 2023

	2014A-1			2014A-2	
FISCAL YEAR	FISCAL YEAR
2022/2023	2022/2023
 ANNUAL BUDGET 	 ANNUAL BUDGET 

REVENUES		REVENUES	
Net On Roll Assessments			455,801	Net On Roll Assessments			96,060 Direct Bill Assessments - WCI				31,934	Direct Bill Assessments - WCI				6,730

Total Revenues	

 $	487,735

Total Revenues	

 $	102,790

EXPENDITURES		EXPENDITURES	
Principal Payments	190,000	Principal Payments	40,000
Interest Payments			297,735	Interest Payments			62,790 Miscellaneous				0	Miscellaneous				0

Total Expenditures

$	487,735

Total Expenditures

$	102,790

 		

 			

Excess / (Shortfall)	

 $	-

Excess / (Shortfall)	

 $	-

*Note: Excess goes to increase bond fund balance

	Series 2014 A-1 Bond Information			Series 2014 A-2 Bond Information	
Initial Par Amount =	$4,939,888	Initial Par Amount =	$1,041,652
Maturity Par Amount =	$5,430,000	Maturity Par Amount =	$1,145,000
Interest Rate =	6.90%	Interest Rate =	6.90%
Issue Date =	Dec 2014	Issue Date =	Dec 2014
Maturity Date =	May 2036	Maturity Date =	May 2036
Annual Principal Payments Due =	May 1st	Annual Principal Payments Due =	Nov 1st
Annual Interest Payments Due =	May 1st & Nov 1st	Annual Interest Payments Due =	May 1st & Nov 1st
Par Amount As Of 1/1/22 =	$4,590,000	Par Amount As Of 1/1/22 =	$970,000

	2014 B	
FISCAL YEAR 2022/2023
 ANNUAL BUDGET 

REVENUES			
Net On Roll Assessments		0	
Direct Bill Assessments - WCI				19,148	
Total Revenues			 $	19,148	

EXPENDITURES				
Principal Payments		0	
Interest Payments		19,148	
Miscellaneous	
Total Expenditures				0
 $	19,148 **	
Excess / (Shortfall)			
 $	-	

**Note: Based on current bond balance, actual amount will be lower as payoff checks are received.

	Series 2014 B Bond Information	
Initial Par Amount =	$9,097,400	
Maturity Par Amount =	$10,000,000	
Interest Rate =	6.90%	
Issue Date =	Dec 2014	
Maturity Date =	May 2025	
Annual Principal Payments Due =	N/A	
Annual Interest Payments Due =	N/A	
Par Amount As Of 1/1/22 =	$555,000	

FINAL BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2018 DEBT SERVICE FUND
FISCAL YEAR 2022/2023
October 1, 2022 - September 30, 2023

2018 A-1 & A-2

FISCAL YEAR

Series 2018 A-1 Bond Information

2022/2023	Original Par Amount =	$24,465,000	
	  ANNUAL BUDGET 	Average Interest Rate =	3.02%	
		Maturity Date =	May 2036	
REVENUES			Annual Principal Payments Due =	May 1st	
Net On Roll Assessments	2,532,350	Annual Interest Payments Due =	May 1st & November 1st	
		Par Amount As Of 1-1-22 =	$21,035,000	
Total Revenues			 $	2,532,350		 	
Series 2018 A-2 Bond Information	
EXPENDITURES						
Principal Payments A-1		1,150,000		Original Par Amount =	$8,740,000	
Interest Payments A-1		650,249		Average Interest Rate =	4.65%	
Principal Payments A-2		355,000		Maturity Date =	May 2036	
Interest Payments A-2		327,634		Annual Principal Payments Due =	May 1st	
Miscellaneous / Prepayment				49,467		Annual Interest Payments Due =	May 1st & November 1st	
Total Expenditures			 $	2,532,350		Par Amount As Of 1-1-22 =	$7,260,000	

Excess / (Shortfall)		 $	-

Assessment Recap - Parcel A Marina Bay & Botanica Lakes
Fiscal Year 2022/2023 October 1, 2022 - September 30, 2023

PARCEL A - MARINA BAY & BOTANICA LAKES	

PARCEL	PRODUCT
TYPE	TOTAL
UNITS	TOTAL GROSS
O&M	TOTAL GROSS
DEBT	TOTAL GROSS
ASSESSMENTS		ON ROLL GROSS
PER UNIT TOTAL	
A	Villa / Townhome	240	12,030.46	71,280.00	83,310.46		$	347.13	
A	40' SF	365	18,296.32	136,145.00	154,441.32		$	423.13	
A	40' SF ‐ PO	2	100.25	0.00	100.25		$	50.13	
A	45' SF	269	13,484.14	104,910.00	118,394.14		$	440.13	
A	45' SF / Villa *	6	300.76	2,340.00	2,640.76		$	440.13	
A	45' SF ‐ PO	1	50.13	0.00	50.13		$	50.13	
A	52' SF	564	28,271.57	232,932.00	261,203.57		$	463.13	
A	52' SF ‐ PO	1	50.13	0.00	50.13		$	50.13	
A	62' SF	33	1,654.19	14,949.00	16,603.19		$	503.13	
Total		1,481	74,237.93	562,556.00	636,793.93			

MARINA BAY							

PARCEL	PRODUCT
TYPE	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS	
A	Villa / Townhome	240	12,030.46	71,280.00	83,310.46	
A	40' SF	0	0.00	0.00	0.00	
A	40' SF ‐ PO	0	0.00	0.00	0.00	
A	45' SF	269	13,484.14	104,910.00	118,394.14	
A	45' SF / Villa *	6	300.76	2,340.00	2,640.76	
A	45' SF ‐ PO	1	50.13	0.00	50.13	
A	52' SF	247	12,381.34	102,011.00	114,392.34	
A	52' SF ‐ PO	0	0.00	0.00	0.00	
A	62' SF	33	1,654.19	14,949.00	16,603.19	
Total		796	39,901.01	295,490.00	335,391.01	

BOTANICA LAKES

PARCEL	PRODUCT
TYPE	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS	
A	Villa / Townhome	0	0.00	0.00	0.00	
A	40' SF	365	18,296.32	136,145.00	154,441.32	
A	40' SF ‐ PO	2	100.25	0.00	100.25	
A	45' SF	0	0.00	0.00	0.00	
A	45' SF ‐ PO	0	0.00	0.00	0.00	
A	52' SF	317	15,890.23	130,921.00	146,811.23	
A	52' SF ‐ PO	1	50.13	0.00	50.13	
A	62' SF	0	0.00	0.00	0.00	
Total		685	34,336.92	267,066.00	301,402.92	

PO = Paid Off. There are a few home owners that have paid their bonds offs.
* The District’s methodology allocates assessments based on the size of the lot, not the structure constructed on the lot size. As a result, even though the dwellings constructed on these six lots are Villas, the lots are 45’ lots and are allocated assessments based on the lot.

Assessment Recap - Parcels B & D/E Bridgetown & Somerset
Fiscal Year 2022/2023 October 1, 2022 - September 30, 2023

PARCELS B & D/E - BRIDGETOWN & SOMERSET	

BRIDGETOWN		
	PRODUCT	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS		GROSS	
PARCEL	TYPE				ASSESSMENT		PER UNIT TOTAL	
B	MF ‐ (2)	66	5,998.71	84,216.00	90,214.71		$	1,366.89	
B	MF ‐ (3)	36	3,272.02	36,180.00	39,452.02		$	1,095.89	
B	SF 42' ‐ (1)	186	16,905.45	90,768.00	107,673.45		$	578.89	
B	SF 42' ‐ (3)	39	3,544.69	39,195.00	42,739.69		$	1,095.89	
B	SF 55' ‐ (1)	232	21,086.37	151,728.00	172,814.37		$	744.89	
B	SF 55' ‐ (2)	0	0.00	0.00	0.00		$	-	
B	SF 55' ‐ (3)	71	6,453.16	71,284.00	77,737.16		$	1,094.89	
B	SF 67' ‐ (1)	130	11,815.64	103,480.00	115,295.64		$	886.89	
B	SF 67' ‐ (2)	38	3,453.80	48,488.00	51,941.80		$	1,366.89	
B	SF 67' ‐ (3)	90	8,180.06	90,360.00	98,540.06		$	1,094.89	
B	SF 67' ‐ (4)	33	2,999.35	47,784.00	50,783.35		$	1,538.89	
B	SF 75' ‐ (1)	0	0.00	0.00	0.00		$	-	
B	SF 75' ‐ (2)	34	3,090.24	49,164.00	52,254.24		$	1,536.89	
B	SF 75' ‐ (3)	3	272.67	3,522.00	3,794.67		$	1,264.89	
B	SF 75' ‐ (4)	27	2,454.02	41,364.00	43,818.02		$	1,622.89	
Total		985	89,526	857,533	947,059			

SOMERSET				
	PRODUCT	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS		GROSS	
PARCEL	TYPE				ASSESSMENT		PER UNIT TOTAL	
D/E	MF ‐ (1)	43	11,427.26	21,414.00	32,841.26		$	763.75	
D/E	MF ‐ (2)	123	32,687.29	156,948.00	189,635.29		$	1,541.75	
D/E	MF ‐ (3)	27	7,175.26	27,135.00	34,310.26		$	1,270.75	
D/E	MF ‐ (4)	27	7,175.26	39,096.00	46,271.26		$	1,713.75	
D/E	SF 55' ‐ (1)	78	20,728.52	51,012.00	71,740.52		$	919.75	
D/E	SF 55' ‐ (2)	126	33,484.54	160,776.00	194,260.54		$	1,541.75	
D/E	SF 55' ‐ (3)	46	12,224.51	46,184.00	58,408.51		$	1,269.75	
D/E	SF 67' ‐ (1)	96	25,512.03	76,416.00	101,928.03		$	1,061.75	
D/E	SF 67' ‐ (2)	101	26,840.78	128,876.00	155,716.78		$	1,541.75	
D/E	SF 67' ‐ (3)	53	14,084.77	53,212.00	67,296.77		$	1,269.75	
D/E	SF 67' ‐ (4)	30	7,972.51	43,440.00	51,412.51		$	1,713.75	
D/E	SF 67' ‐ (5)	3	797.25	0.00	797.25		$	265.75	
D/E	SF 75' ‐ (1)	57	15,147.77	50,673.00	65,820.77		$	1,154.75	
D/E	SF 75' ‐ (2)	77	20,462.77	111,342.00	131,804.77		$	1,711.75	
D/E	SF 75' ‐ (3)	27	7,175.26	31,698.00	38,873.26		$	1,439.75	
D/E	SF 75' ‐ (4)	39	10,364.26	59,748.00	70,112.26		$	1,797.75	
D/E	SF 75' ‐ (5)	1	265.75	0.00	265.75		$	265.75	
Total		954	253,526	1,057,970	1,311,496			

(1) Full 2005A‐2 Assessments and Paid Off 2006A‐3 Assessments				
(2) Full 2005A‐2 Assessments and Full 2006A‐3 Assessments				
(3) Full 2005A‐2 Assessments and Partial Buydown 2006A‐3 Assessments				
(4) Full 2005A‐2 Assessments, Full 2006A‐3 Assessments and Full 2006A‐2 Assessments				
(5) All Bonds Paid Off ‐ Still Pay O&M				

11

Assessment Recap - WCI Parcel
Fiscal Year 2022/2023 October 1, 2022 - September 30, 2023

WCI PARCEL	

PARCEL	PRODUCT
TYPE	TOTAL
UNITS	ON ROLL
UNITS	DIRECT BILL
UNITS	
C	6 ‐ plex	120	120	0	
C	4 ‐ plex	164	108	56	
C	46' SF	62	62	0	
C	52' SF	219	219	0	
C	67' SF	129	129	0	
Total		694	638	56	
WCI ON ROLL

PARCEL	PRODUCT
TYPE	ON ROLL
UNITS	O&M GROSS
ON ROLL	SERIES 2014 GROSS ON ROLL
A‐1 & A‐2 (Combined)	
C	6 ‐ plex	120	7,897.50	86,304.62	
C	4 ‐ plex	108	7,107.75	77,674.16	
C	46' SF	62	4,080.37	55,420.57	
C	52' SF	219	14,412.93	207,011.15	
C	67' SF	129	8,489.81	148,444.22	
Total		638	41,988	574,855	

 	
785.02
785.02
959.69
1,011.07
1,216.54

$
$
$
$
$

ON ROLL GROSS PER UNIT TOTAL

WCI HOMES DIRECT BILL

PARCEL	PRODUCT
TYPE	DIRECT BILL
UNITS	O&M NET
DIRECT BILL	SERIES 2014 NET DIRECT BILL
A‐1 & A‐2 (Combined)	
C	6 ‐ plex	0	0.00	0.00	
C	4 ‐ plex	56	3,538.08	38,664.47	
C	46' SF	0	0.00	0.00	
C	52' SF	0	0.00	0.00	
C	67' SF	0	0.00	0.00	
Total		56	3,538	38,664	

Arborwood Community Development District Assessment Recap - Other Parcels
Fiscal Year 2022/2023 October 1, 2022 - September 30, 2023

OTHER PARCELS	

PARCEL	PRODUCT
TYPE	TOTAL
UNITS / ACRES	ON ROLL
UNITS	DIRECT BILL
UNITS	

D/E	
Golf Course	
116	
116	
0	
G	Neighborhood Retail	21	21	0	
H-1	Retail/ Commercial	11	11	0	
H-2	RE Office	2	2	0	
Total		151	151	0	
OTHER ON ROLL

PARCEL	PRODUCT
TYPE	ON ROLL
UNITS	O&M GROSS
ON ROLL	2018 GROSS
ON ROLL	TOTAL GROSS
ON ROLL	

D/E	
Golf Course	
116	
37,092.85	
123,556.00	
160,648.85	
G	Neighborhood Retail	21	2,791.88	21,850.00	24,641.88	
H-1	Retail/ Commercial	11	1,483.43	11,900.00	13,383.43	
H-2	RE Office	2	327.44	2,500.00	2,827.44	
Total		151	41,696	159,806	201,502	

 	
160,648.85
24,641.88
13,383.43
2,827.44

$
$
$
$

ON ROLL GROSS
TOTAL

ANNUAL ASSESSMENT METHODOLOGY - GENERAL FUND O&M FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

Total Shared O&M Expenditures

$  308,073.00

A

Allocation of Expenditures and Assessment Per Unit

Tract	

Parcel	Allocation Per Parcel based on Gross Acreage	Assessment Per Unit	
		
B	
A*B=C	
C/96%	
D	
C/D=E	
E/96%	
		
Gross Acreage	
% of Total Acreage	Allocation of
Expenditures	Total Expenditures
Grossed up (on Roll)	
Projected Units	
Net Assmt per Unit	Gross Assmt per
Unit (If On Roll)	
1	A	560.00	23.13%	$	71,268	$	74,238	1,481	$	48.12	$	50.13	
2	B	655.68	27.09%	$	83,445	$	86,922	985	$	84.72	$	88.25	
2	D/E	794.42	32.82%	$	101,102	$	105,314	954	$	105.98	$	110.39	
2	C	259.67	10.73%	$	33,047	$	34,424	694	$	47.62	$	49.60	
Total Residential Land Uses	2,269.77	93.76%	$	288,862	$	300,898	4,114	Gross Total Assmt
(If On Roll)	
2	Golf Course (part of Tract 2 Parcel D/E)	116.23	4.80%	$	14,792		15,408.35	
3	Neighborhood Retail‐G	21.06	0.87%	$	2,680		2,791.88	
4	Retail/ Commercial H‐1	11.19	0.46%	$	1,424		1,483.43	
5	RE Office‐H‐2	2.47	0.10%	$	314		327.44	
Total Non‐Residential Land Uses	150.95	6.24%	$	19,211		
Grand Total (Gross)	2,420.72	100.00%	$	308,073		

$  163,100.00

Total -Somerset Only- O&M Expenditures

Tract	
Parcel	
Gross Acreage	
% of Total Acreage	Allocation of
Expenditures	Total Expenditures
Grossed up (on Roll)	
Projected Units	
Net Assmt per Unit	Gross Assmt per
Unit (If On Roll)	
2	D/E	794.42	87.24%	$	142,283	$	148,211	954	$	149.14	$	155.36	
2	Golf Course (part of Tract 2
Parcel D/E)	116.23	12.76%	$	20,817	$	21,685		21,684.50	
Totals	
910.65	
100.00%	
$	163,100	
$	169,896		

$	10,800.00

Total -Parcel C Only O&M Expenditures

Tract	
Parcel	
Gross Acreage	
% of Total Acreage	Allocation of
Expenditures	Total Expenditures
Grossed up (on Roll)	
Projected Units	
Net Assmt per Unit	Gross Assmt per
Unit (If On Roll)	
2	C	259.67	100.00%	$	10,800	$	11,250	694	$	15.56	$	16.21	

$	2,500.00

Total -Bridgetown Only O&M Expenditures

Tract	
Parcel	
Gross Acreage	
% of Total Acreage	Allocation of
Expenditures	Total Expenditures
Grossed up (on Roll)	
Projected Units	
Net Assmt per Unit	Gross Assmt per
Unit (If On Roll)	
2	B	655.68	100.00%	$	2,500	$	2,604	985	$	2.54	$	2.64	

Net 2014 A1 & A2 Principal & Interest
Payment Due:	
Net Total MADs	
% Difference	
$	590,525.00	$	598,173.89	98.721%	

*

Parcel - Product Type	

Planned Units	

Platted Units ON
Roll	Per Unit ERU Multiplied by
Net Due Grossed up = Assmt/Plttd.
Unit	

Assessments
Platted	

OFF Roll	
PARCEL C - 6 - Plex	120	120	$	719.21	$	86,304.62	$	-	
PARCEL C - 4 - Plex	164	108	$	719.21	$	77,674.16	$	38,664	
PARCEL C - 46' Single Family	62	62	$	893.88	$	55,420.57	$	-	
PARCEL C - 52' Single Family	219	219	$	945.26	$  207,011.15	$	-	
PARCEL C - 67' Single Family	129	129	$	1,150.73	$  148,444.22	$	-	
						
Grand Total	694	638		$  574,854.72	$	38,664.47	

Per Unit ERUs
from Methodology	

Category Total using ERUs and Lot Count from Methodology	
Category % of ERUs Total = % of
Bond
Assessment	
0.70	84.00	14.0304%	
0.70	114.80	19.1749%	
0.87	53.94	9.0095%	
0.92	201.48	33.6529%	
1.12	144.48	24.1323%	
			
	598.70	100.0000%	

Note: ERU's and Planned Units come directly from the Series 2014 Bond Methodology.

$2,637,865

Gross MADs when all platted

GRAND TOTAL	2,637,865	0	2,637,865

Parcel - Product Type	
Planned Units	
Platted Units
ON Roll	
Gross Annual
M.A.D	Total Assessments
Platted	

OFF Roll Net	
						
PARCEL A - Villa / Townhome	240	240	297	71,280	0	
PARCEL A - Single Family 40'	365	365	373	136,145	0	
PARCEL A - Single Family 40' - PO	2	2	0	0	0	
PARCEL A - Single Family 45'	269	269	390	104,910	0	
PARCEL A - Single Family 45' / Villa *	6	6	390	2,340	0	
PARCEL A - Single Family 45' -PO	1	1	0	0	0	
PARCEL A - Single Family 52'	564	564	413	232,932	0	
PARCEL A - Single Family 52' - PO	1	1	0	0	0	
PARCEL A - Single Family 62'	33	33	453	14,949	0	

Subtotal Parcel A	
1,481	
1,481		
562,556	
0	
						
PARCELS B - Multi Family and Twin Villas - (2)	66	66	1,276	84,216	0	
PARCELS B - Multi Family and Twin Villas - (3)	36	36	1,005	36,180	0	
PARCELS B - Single Family 42' - (1)	186	186	488	90,768	0	
PARCELS B - Single Family 42' - (3)	39	39	1,005	39,195	0	
PARCELS B - Single Family 55' - (1)	232	232	654	151,728	0	
PARCELS B - Single Family 55' - (2)	0	0	1,276	0	0	
PARCELS B - Single Family 55' - (3)	71	71	1,004	71,284	0	
PARCELS B - Single Family 67' - (1)	130	130	796	103,480	0	
PARCELS B - Single Family 67' - (2)	38	38	1,276	48,488	0	
PARCELS B - Single Family 67' - (3)	90	90	1,004	90,360	0	
PARCELS B - Single Family 67' - (4)	33	33	1,448	47,784	0	
PARCELS B - Single Family 75' - (1)	0	0	889	0	0	
PARCELS B - Single Family 75' - (2)	34	34	1,446	49,164	0	
PARCELS B - Single Family 75' - (3)	3	3	1,174	3,522	0	
PARCELS B - Single Family 75' - (4)	27	27	1,532	41,364	0	

Subtotal Parcels B	
985	
985		
857,533	
0	
						
PARCELS D/E - Multi Family and Twin Villas - (1)	43	43	498	21,414	0	
PARCELS D/E - Multi Family and Twin Villas - (2)	123	123	1,276	156,948	0	
PARCELS D/E - Multi Family and Twin Villas - (3)	27	27	1,005	27,135	0	
PARCELS D/E - Multi Family and Twin Villas - (4)	27	27	1,448	39,096	0	
PARCELS D/E - Single Family 55' - (1)	78	78	654	51,012	0	
PARCELS D/E - Single Family 55' - (2)	126	126	1,276	160,776	0	
PARCELS D/E - Single Family 55' - (3)	46	46	1,004	46,184	0	
PARCELS D/E - Single Family 67' - (1)	96	96	796	76,416	0	
PARCELS D/E - Single Family 67' - (2)	101	101	1,276	128,876	0	
PARCELS D/E - Single Family 67' - (3)	53	53	1,004	53,212	0	
PARCELS D/E - Single Family 67' - (4)	30	30	1,448	43,440	0	
PARCELS D/E - Single Family 67' - (5)	3	3	0	0	0	
PARCELS D/E - Single Family 75' - (1)	57	57	889	50,673	0	
PARCELS D/E - Single Family 75' - (2)	77	77	1,446	111,342	0	
PARCELS D/E - Single Family 75' - (3)	27	27	1,174	31,698	0	
PARCELS D/E - Single Family 75' - (4)	39	39	1,532	59,748	0	
PARCELS D/E - Single Family 75' - (5)	1	1	0	0	0	

Subtotal Parcels D/E	
954	
954		
1,057,970	
0	

Total Residential Units Parcels A, B, D, E	
3,420	
3,420		
2,478,059	
0	

Category Total MADs from Methodology	
	
71,280	
136,145	
0	
104,910	
2,340	
0	
232,932	
0	
14,949	

84,216	
36,180	
90,768	
39,195	
151,728	
0	
71,284	
103,480	
48,488	
90,360	
47,784	
0	
49,164	
3,522	
41,364	

21,414	
156,948	
27,135	
39,096	
51,012	
160,776	
46,184	
76,416	
128,876	
53,212	
43,440	
0	
50,673	
111,342	
31,698	
59,748	
0	
	
123,556	
21,850	
11,900	
2,500	

Other Land Uses					
GOLF COURSE	1	1	123,556	123,556	
PARCEL G (Neighborhood Retail)	1	1	21,850	21,850	
PARCEL H-1 (Retail / Commercial)	1	1	11,900	11,900	
PARCEL H-2 (RE Office)	1	1	2,500	2,500	
Other Land UseTotal				159,806	

Full 2005A-2 Assessments and Paid Off 2006A-3 Assessments
Full 2005A-2 Assessments and Full 2006A-3 Assessments
Full 2005A-2 Assessments and Partial Buydown 2006A-3 Assessments
Full 2005A-2 Assessments, Full 2006A-3 Assessments and Full 2006A-2 Assessments
All Bonds Paid Off - Still Pay O&M

* The District’s methodology allocates assessments based on the size of the lot, not the structure constructed on the lot size. As a result, even though the dwellings constructed on these six lots are Villas, the lots are 45’ lots and are allocated assessments based on the lot.

Arborwood Community Development District On Roll Assessment Comparsion
Fiscal Year 2022/2023 October 1, 2022 - September 30, 2023

	
Product	Gross
Fiscal Year 2021/2022	Gross
Fiscal Year 2022/2023	
Parcel	Type	On Roll Assessment Per Unit	On Roll Assessment Per Unit	
GL Homes				
A	Villa / Townhome	$347.64	$347.13	
A	40' SF	$423.64	$423.13	
A	40' SF - PO	$50.64	$50.13	
A	45' SF	$440.64	$440.13	
A	45' SF / Villa *	$440.64	$440.13	
A	45' SF - PO	$50.64	$50.13	
A	52' SF	$463.64	$463.13	
A	52' SF - PO	$50.64	$50.13	
A	62' SF	$503.64	$503.13	

Pulte

* The District’s methodology allocates assessments based on the size of the lot, not the structure constructed on the lot
size. As a result, even though the dwellings constructed on these six lots are Villas, the lots are 45’ lots and are allocated assessments based on the lot.

B	MF - (2)	$1,367.79	$1,366.89	
B	MF - (3)	$1,096.79	$1,095.89	
B	SF 42' - (1)	$579.79	$578.89	
B	SF 42' - (3)	$1,096.79	$1,095.89	
B	SF 55' - (1)	$745.79	$744.89	
B	SF 55' - (2)	$0.00	$0.00	
B	SF 55' - (3)	$1,095.79	$1,094.89	
B	SF 67' - (1)	$887.79	$886.89	
B	SF 67' - (2)	$1,367.79	$1,366.89	
B	SF 67' - (3)	$1,095.79	$1,094.89	
B	SF 67' - (4)	$1,539.79	$1,538.89	
B	SF 75' - (1)	$0.00	$0.00	
B	SF 75' - (2)	$1,537.79	$1,536.89	
B	SF 75' - (3)	$1,265.79	$1,264.89	
B	SF 75' - (4)	$1,623.79	$1,622.89	
D/E	MF - (1)	$764.87	$763.75	
D/E	MF - (2)	$1,542.87	$1,541.75	
D/E	MF - (3)	$1,271.87	$1,270.75	
D/E	MF - (4)	$1,714.87	$1,713.75	
D/E	SF 55' - (1)	$920.87	$919.75	
D/E	SF 55' - (2)	$1,542.87	$1,541.75	
D/E	SF 55' - (3)	$1,270.87	$1,269.75	
D/E	SF 67' - (1)	$1,062.87	$1,061.75	
D/E	SF 67' - (2)	$1,542.87	$1,541.75	
D/E	SF 67' - (3)	$1,270.87	$1,269.75	
D/E	SF 67' - (4)	$1,714.87	$1,713.75	
D/E	SF 67' - (5)	$266.87	$265.75	
D/E	SF 75' - (1)	$1,155.87	$1,154.75	
D/E	SF 75' - (2)	$1,712.87	$1,711.75	
D/E	SF 75' - (3)	$1,440.87	$1,439.75	
D/E	SF 75' - (4)	$1,798.87	$1,797.75	
D/E	SF 75' - (5)	$266.87	$265.75	
	(1) Full 2005A‐2 Assessments and Paid Off 2006A‐3 Assessments		
	(2) Full 2005A‐2 Assessments and Full 2006A‐3 Assessments		
	(3) Full 2005A‐2 Assessments and Partial Buydown 2006A‐3 Assessments		
	(4) Full 2005A‐2 Assessments, Full 2006A‐3 Assessments and Full 2006A‐2 Assessments		
	(5) All Bonds Paid Off ‐ Still Pay O&M		
WCI			
C	6 - Plex	$792.25	$785.02	
C	4 - Plex	$792.25	$785.02	
C	46' SF	$968.56	$959.69	
C	52' SF	$1,020.42	$1,011.07	
C	67' SF	$1,227.82	$1,216.54	

Others			
D/E	Golf Course	$160,805.60	$160,648.85	
G	Neighborhood Retail	$24,670.28	$24,641.88	
H-1	Retail/ Commercial	$13,398.52	$13,383.43	
H-2	RE Office	$2,830.77	$2,827.44