Arborwood Community Development District

Proposed Budget Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS
1 - 3	REVENUE AND EXPENSE DESCRIPTIONS

PROPOSED TOTAL BUDGET

PROPOSED TOTAL BUDGET DETAIL

BUDGET COMPARISON

PROPOSED GENERAL FUND BUDGET

PROPOSED DEBT SERVICE FUND BUDGET - 2014 BOND

PROPOSED DEBT SERVICE FUND BUDGET - 2018 BOND

ASSESSMENTS RECAP - PARCEL A - MARINA BAY & BOTANICA LAKES

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

ASSESSMENTS RECAP - LENNAR 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 Assessments.

3	DEBT ON ROLL ASSESSMENTS
Debt Assessments collected via the property tax roll for Bond Debt

4	DEBT DIRECT BILL ASSESSMENTS
Individual parcels not placed on the tax roll are billed directly by mail for Debt Assessments.

5	DEBT PREPAYMENTS / MISCELLANEOUS PAYMENTS
Debt Assessments used to pay down Bond debt before the required payments by individuals or the District as a whole.

6	GENERAL FUND INTEREST INCOME
Any interest earned on the general fund balance and any item that does not fall into the other income categories is recorded in th

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

EXPENDITURES

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

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

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

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

12	LEGAL

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

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

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

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

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

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

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

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19	POSTAGE

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

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

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

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

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

24	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.

25	WEBSITE

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

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

27	TREELINE PRESEVE MAINT - EXOTICS
Removal of exotics annually

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

29	ENVIROMENTAL CONSULTING - PASSARELLA
Ecological consultant and management of preserve maintenance

30	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

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

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

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

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

35	MISCELLANEOUS MAINTENANCE
Any District wide maintenance that does not fit into any of the other maintenance categories.

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

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

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

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

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

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

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

43	LAKE BANK INSPECTION - (SOMERSET ONLY)
Inspection of Lake Banks in Somerset Only

44	LAKE BANK INSPECTION - (BRIDGETOWN ONLY)
Inspection of Lake Banks in Bridgetown only.

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

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

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

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

49	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

 REVENUES				TOTAL		
GENERAL FUND ON ROLL ASSESSMENT		527,357	
GENERAL FUND DIRECT BILL ASSESSMENT - LENNAR		0	
DEBT ON ROLL ASSESSMENT		3,252,345	
DEBT DIRECT BILL ASSESSMENT - LENNAR		0	
 OTHER INCOME / CARRYOVER BALANCE				15,000	
 Total Revenues			 $	3,794,702 	
EXPENDITURES			
PAYROLL TAX EXPENSE		880	
SUPERVISOR FEES		11,000	
ENGINEERING		50,000	
MANAGEMENT		40,908	
LEGAL		20,000	
ASSESSMENT ROLL		5,000	
ANNUAL AUDIT		5,350	
ARBITRAGE REBATE FEE		1,000	
INSURANCE		13,000	
LEGAL ADVERTISING		5,250	
MISCELLANEOUS		3,300	
POSTAGE		1,150	
OFFICE SUPPLIES		2,300	
DUES & SUBSCRIPTIONS		175	
TRUSTEE FEES		27,500	
CONTINUING DISCLOSURE FEE		3,000	
AMORTIZATION SCHEDULES		500	
WEBSITE		2,000	
PROFESSIONAL FEE & PERMITS		1,250	
TREELINE PRESEVE MAINT - EXOTICS		6,000	
DRI TRAFFIC MONITORING		5,000	
ENVIROMENTAL CONSULTING - PASSARELLA		22,000	
PANTHER MITIGATION MAINT - EXOTICS		80,000	
STREET LIGHTING - UTILITY & MAINT		0	
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)		7,000	
LAKE MAINT - (SOMERSET ONLY)		46,100	
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		45,000	
PRESERVE MAINT - (SOMERSET ONLY)		35,000	
INSPECTOR - (SOMERSET ONLY)		25,500	
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)		20,000	
LAKE BANK INSPECTION - (SOMERSET ONLY)		7,500	
LAKE BANK INSPECTION - (BRIDGETOWN ONLY)		6,500	
 STORMWATER DRAINS INS - (BRIDGETOWN ONLY)				6,500	
 Total Expenditures			 $	521,263 	
 EXCESS / (SHORTFALL)			 $	3,273,439 	
DEBT PAYMENTS (2014)		(594,025)	
DEBT PAYMENTS (2018)		(2,528,226)	
MISCELLANEOUS DEBT EXPENSE		0	
 BALANCE			 $	151,188 	
DISCOUNTS FOR EARLY PAYMENTS		(151,188)	
 NET EXCESS / (SHORTFALL)			 $	-		

GENERAL FUND

DEBT - SERIES 2014

DEBT - SERIES 2018

	A-1 & A-2	B			A-1 & A-2		TOTAL	
REVENUES											
GENERAL FUND ON ROLL ASSESSMENT		527,357		0		0		0		527,357	
GENERAL FUND DIRECT BILL ASSESSMENT - H-2 - last time		0		0		0		0		0	
DEBT ON ROLL ASSESSMENT		0		618,776		0		2,633,569		3,252,345	
DEBT DIRECT BILL ASSESSMENT		0		0		0		0		0	
OTHER INCOME / CARRYOVER BALANCE		15,000		0		0		0		15,000	
Total Revenues		$	542,357		$ 618,776	$	-			$	2,633,569		$  3,794,702	

EXPENDITURES											
PAYROLL TAX EXPENSE		880		0		0		0		880	
SUPERVISOR FEES		11,000		0		0		0		11,000	
ENGINEERING		50,000		0		0		0		50,000	
MANAGEMENT		40,908		0		0		0		40,908	
LEGAL		20,000		0		0		0		20,000	
ASSESSMENT ROLL		5,000		0		0		0		5,000	
ANNUAL AUDIT		5,350		0		0		0		5,350	
ARBITRAGE REBATE FEE		1,000		0		0		0		1,000	
INSURANCE		13,000		0		0		0		13,000	
LEGAL ADVERTISING		5,250		0		0		0		5,250	
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		27,500		0		0		0		27,500	
CONTINUING DISCLOSURE FEE		3,000		0		0		0		3,000	
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		5,000		0		0		0		5,000	
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		0		0		0		0		0	
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)		7,000		0		0		0		7,000	
LAKE MAINT - (SOMERSET ONLY)		46,100		0		0		0		46,100	
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		45,000		0		0		0		45,000	
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	
LAKE BANK INSPECTION - (SOMERSET ONLY)		7,500								7,500	
LAKE BANK INSPECTION - (BRIDGETOWN ONLY)		6,500								6,500	
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)		6,500		0	0 	0 	6,500	
Total Expenditures	$	521,263	$	-	$	-	$	-	$	521,263	

EXCESS / (SHORTFALL)		$	21,094		$ 618,776	$	-		$	2,633,569		$  3,273,439	

DEBT PAYMENTS (2014)		
0		
(594,025)	
0		
0		
(594,025)	
DEBT PAYMENTS (2018)		0		0	0		(2,528,226)		(2,528,226)	
MISCELLANEOUS DEBT EXPENSE		0		0	0		0		0	
BALANCE		$	21,094		$  24,751	$	-		$	105,343		$	151,188	

DISCOUNTS FOR EARLY PAYMENTS		
(21,094)		
(24,751)	
-		
(105,343)		
(151,188)	
NET EXCESS / (SHORTFALL)		$	-		$	-	$			$	-		$	-	

-

		FISCAL YEAR 2022/2023 ACTUAL *		FISCAL YEAR 2023/2024 ANNUAL BUDGET		FISCAL YEAR 2024/2025 ANNUAL BUDGET		

LARGE VARIANCE EXPLANATION	
									
REVENUES									

GENERAL FUND ON ROLL ASSESSMENT		
514,719		
538,773		
527,357		More platted lots on roll and assessment raised because carryover has been depleted	
GENERAL FUND DIRECT BILL ASSESSMENT - LENNAR		0		0		0		More lots on roll - results in less direct billed	
DEBT ON ROLL ASSESSMENT		3,240,349		3,252,284		3,252,345		More lots on roll - results in less direct billed	
DEBT DIRECT BILL ASSESSMENT - LENNAR		0		0		0		More lots on roll - results in less direct billed	
DEBT PREPAYMENTS / MISCELLANEOUS PAYMENTS		0		0		0			
GENERAL FUND INTEREST INCOME/MISC INCOME		0		0		0			

GENERAL FUND OTHER REVENUES/CARRYOVER BALANCE		74,566		18,000		15,000		Carryover Funds Being Used To Reduce
Assessments	
									
Total Revenues		$  3,829,634		$	3,809,057		$	3,794,702			
EXPENDITURES									
PAYROLL TAX EXPENSE		643		880		880			
SUPERVISOR FEES		8,400		11,000		11,000			
ENGINEERING		42,371		50,000		50,000			
MANAGEMENT		38,568		39,720		40,908		Annual CPI increase in contract (capped at 3%)	
LEGAL		10,811		22,000		20,000		23/24 Expenditure Through Jan 24 Was $3,923	
ASSESSMENT ROLL		5,000		5,000		5,000			
ANNUAL AUDIT		5,350		5,350		5,350		Estimated Amount For 2023/2024 Audit	
ARBITRAGE REBATE FEE		1,000		2,000		1,000			
INSURANCE		10,839		12,000		13,000		23/24 Expenditure Was $12,466	
LEGAL ADVERTISING		3,461		5,500		5,250			
MISCELLANEOUS		2,504		3,300		3,300			
POSTAGE		2,726		1,150		1,150			
OFFICE SUPPLIES		3,801		2,300		2,300			
DUES & SUBSCRIPTIONS		175		175		175			
TRUSTEE FEES		19,246		30,000		27,500			
CONTINUING DISCLOSURE FEE		3,000		4,000		3,000			
AMORTIZATION SCHEDULES		300		500		500			
WEBSITE		2,000		2,000		2,000			
PROFESSIONAL FEE & PERMITS		0		1,250		1,250			
TREELINE PRESEVE MAINT - EXOTICS		4,500		6,000		6,000			
DRI TRAFFIC MONITORING		0		10,000		5,000		Expenditure Occurs Every Two Years	
ENVIROMENTAL CONSULTING - PASSARELLA		19,970		22,000		22,000			
PANTHER MITIGATION MAINT - EXOTICS		80,000		80,000		80,000			
STREET LIGHTING - UTILITY & MAINT		6,575		10,000		0			
CAPITAL OUTLAY - SMALL		0		1,000		1,000			
COUNTY APPRAISER & TAX COLLECTOR FEE		10,070		10,000		10,000			
FLOWWAY MAINT		0		4,600		4,600			
MISCELLANEOUS MAINTENANCE		13,916		0		0			
									
MITIGATION MONITORING - (PARCEL C ONLY)		0		0		0			
PRESERVE MAINT - (PARCEL C ONLY)		10,800		7,000		7,000		Under $10,000 last 2 years	
									
LAKE MAINT - AQAUTIC CONTROL - (SOMERSET ONLY)		46,068		46,100		46,100			
LAKE BANK EROSION MAINT - (SOMERSET ONLY)		50,100		45,000		45,000			
PRESERVE MAINT - (SOMERSET ONLY)		35,000		35,000		35,000			
FIELD INSPECTOR - (SOMERSET ONLY)		25,136		25,500		25,500			
STORMWATER DRAINS INS & MAINT - (SOMERSET ONLY)		0		20,000		20,000			
LAKE BANK INSPECTION - (SOMERSET ONLY)		0		6,500		7,500		New Line Item	
									
LAKE BANK INSPECTION - (BRIDGETOWN ONLY)		0		6,500		6,500		New Line Item	
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)		0		2,500		6,500			
									
Total Expenditures		462,330		535,825		521,263			
									
EXCESS / (SHORTFALL)		$ 3,367,304		$	3,273,232		$	3,273,439			
									
DEBT PAYMENTS (2014)		(579,032)		(593,966)		(594,025)			
DEBT PAYMENTS (2018)		(2,528,723)		(2,528,226)		(2,528,226)			
MISCELLANEOUS DEBT EXPENSE		0		-		-			
									
BALANCE		$	259,549		$	151,040		$	151,188			

DISCOUNTS FOR EARLY PAYMENTS		(143,131)		(151,642)		(151,188)		Higher assessments on roll results in higher
discount potential	
									
NET EXCESS / (SHORTFALL)		$	116,418		$	(602)		$	-			

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* Un-audited figures

	FISCAL YEAR			FISCAL YEAR	
	2023/2024			2024/2025	
	ANNUAL BUDGET			ANNUAL BUDGET	
REVENUES							
ON ROLL ASSESSMENTS			538,773			527,357	
DIRECT BILL ASSESSMENTS - WCI			0			0	
INTEREST INCOME			0			0	
OTHER INCOME / CARRYOVER BALANCE			18,000			15,000	
Total Revenues		$	556,773		$	542,357	

EXPENDITURES							
PAYROLL TAX EXPENSE			880			880	
SUPERVISOR FEES			11,000			11,000	
ENGINEERING			50,000			50,000	
MANAGEMENT			39,720			40,908	
LEGAL			22,000			20,000	
ASSESSMENT ROLL			5,000			5,000	
ANNUAL AUDIT			5,350			5,350	
ARBITRAGE REBATE FEE			2,000			1,000	
INSURANCE			12,000			13,000	
LEGAL ADVERTISING			5,500			5,250	
MISCELLANEOUS			3,300			3,300	
POSTAGE			1,150			1,150	
OFFICE SUPPLIES			2,300			2,300	
DUES & SUBSCRIPTIONS			175			175	
TRUSTEE FEES			30,000			27,500	
CONTINUING DISCLOSURE FEE			4,000			3,000	
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			5,000	
ENVIROMENTAL CONSULTING - PASSARELLA			22,000			22,000	
PANTHER MITIGATION MAINT - EXOTICS			80,000			80,000	
STREET LIGHTING - UTILITY & MAINT			10,000			0	
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)			7,000			7,000	
LAKE MAINT - AQAUTIC CONTROL - (SOMERSET ONLY)			46,100			46,100	
LAKE BANK EROSION MAINT - (SOMERSET ONLY)			45,000			45,000	
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	
LAKE BANK INSPECTION - (SOMERSET ONLY)			6,500			7,500	
LAKE BANK INSPECTION - (BRIDGETOWN ONLY)			6,500			6,500	
STORMWATER DRAINS INS - (BRIDGETOWN ONLY)			2,500			6,500	
Total Expenditures		$	535,825		$	521,263	
							
EXCESS / (SHORTFALL)		$	20,948		$	21,094	

DISCOUNTS FOR EARLY PAYMENTS			(21,551)			(21,094)	
NET EXCESS / (SHORTFALL)		$	(603)		$	-	

Approximate Fund Balance as of 9-30-2024 = 420,000.00							

	2014A-1			2014A-2	
FISCAL YEAR	FISCAL YEAR
2024/2025	2024/2025
 ANNUAL BUDGET 	 ANNUAL BUDGET 

 REVENUES		 REVENUES	
Net On Roll Assessments	489,445	Net On Roll Assessments	104,580
 Direct Bill Assessments - WCI			0	 Direct Bill Assessments - WCI			0

 Total Revenues	

 $	489,445

 Total Revenues	

 $	104,580

 EXPENDITURES		 EXPENDITURES	
Principal Payments	220,000	Principal Payments	50,000
Interest Payments	269,445	Interest Payments	54,580
 Miscellaneous			0	 Miscellaneous			0

Total Expenditures

$	489,445

Total Expenditures

$	104,580

		

 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 1/1/24 =	$4,220,000	Par Amount As Of 1/1/24 =	$890,000

	2014 B	
FISCAL YEAR 2024/2025
 ANNUAL BUDGET 

 REVENUES			
Net On Roll Assessments	0	
 Direct Bill Assessments - Lennar			0	
 Total Revenues		 $	-	

 EXPENDITURES			
Principal Payments	0	
Interest Payments	0	
 Miscellaneous			0	
Total Expenditures	$	-	

		
 Excess / (Shortfall)		 $	-	

Series 2014B Bond Was Paid In Full On 5/2/22		

	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 1/1/23 =	$0	

PROPOSED BUDGET
ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT 2018 DEBT SERVICE FUND
FISCAL YEAR 2024/2025
October 1, 2024 - September 30, 2025

2018 A-1 & A-2

FISCAL YEAR

Series 2018 A-1 Bond Information

2024/2025	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	2,528,226	Annual Interest Payments Due =	May 1st & November 1st	
		Par Amount As Of 1-1-24 =	$18,750,000	
 Total Revenues			 $	2,528,226		 	
Series 2018 A-2 Bond Information	
 EXPENDITURES						
Principal Payments A-1		1,210,000		Original Par Amount =	$8,740,000	
Interest Payments A-1		588,234		Average Interest Rate =	4.65%	
Principal Payments A-2		390,000		Maturity Date =	May 2036	
Interest Payments A-2		289,794		Annual Principal Payments Due =	May 1st	
 Miscellaneous / Prepayment				50,198		Annual Interest Payments Due =	May 1st & November 1st	
 Total Expenditures			 $	2,528,226		Par Amount As Of 1-1-24 =	$6,470,000	

 Excess / (Shortfall)		 $	- 

Assessment Recap - Parcel A Marina Bay & Botanica Lakes
Fiscal Year 2024/2025 October 1, 2024 - September 30, 2025

 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	13,805.21	71,280.00	85,085.21		$	354.52	
A	40' SF	365	20,995.42	136,145.00	157,140.42		$	430.52	
A	40' SF ‐ PO	2	115.04	0.00	115.04		$	57.52	
A	45' SF	269	15,473.34	104,910.00	120,383.34		$	447.52	
A	45' SF / Villa *	6	345.13	2,340.00	2,685.13		$	447.52	
A	45' SF ‐ PO	1	57.52	0.00	57.52		$	57.52	
A	52' SF	564	32,442.24	232,932.00	265,374.24		$	470.52	
A	52' SF ‐ PO	1	57.52	0.00	57.52		$	57.52	
A	62' SF	33	1,898.22	14,949.00	16,847.22		$	510.52	
Total		1,481	85,189.64	562,556.00	647,745.64			

MARINA BAY							

PARCEL	PRODUCT
TYPE	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS	
A	Villa / Townhome	240	13,805.21	71,280.00	85,085.21	
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	15,473.34	104,910.00	120,383.34	
A	45' SF / Villa *	6	345.13	2,340.00	2,685.13	
A	45' SF ‐ PO	1	57.52	0.00	57.52	
A	52' SF	247	14,207.86	102,011.00	116,218.86	
A	52' SF ‐ PO	0	0.00	0.00	0.00	
A	62' SF	33	1,898.22	14,949.00	16,847.22	
Total		796	45,787.28	295,490.00	341,277.28	
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	20,995.42	136,145.00	157,140.42	
A	40' SF ‐ PO	2	115.04	0.00	115.04	
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	18,234.38	130,921.00	149,155.38	
A	52' SF ‐ PO	1	57.52	0.00	57.52	
A	62' SF	0	0.00	0.00	0.00	
Total		685	39,402.37	267,066.00	306,468.37	

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.

Bridgetown & Somerset
Fiscal Year 2024/2025 October 1, 2024 - September 30, 2025
 PARCELS B & D/E - BRIDGETOWN & SOMERSET	

735.26
1,513.26
1,242.26
1,685.26
891.26
1,513.26
1,241.26
1,033.26
1,513.26
1,241.26
1,685.26
237.26
1,126.26
1,683.26
1,411.26
1,769.26
237.26

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

GROSS
PER UNIT TOTAL

1,372.35
1,101.35
584.35
1,101.35
96.35
750.35
- 1,100.35
96.35
892.35
1,372.35
1,100.35
1,544.35
- 1,542.35
1,270.35
1,628.35

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

GROSS
PER UNIT TOTAL

BRIDGETOWN

PARCEL	PRODUCT
TYPE	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS
ASSESSMENT	
B	MF ‐ (2)	66	6,358.82	84,216.00	90,574.82	
B	MF ‐ (3)	36	3,468.45	36,180.00	39,648.45	
B	SF 42' ‐ (1)	185	17,823.97	90,280.00	108,103.97	
B	SF 42' ‐ (3)	39	3,757.48	39,195.00	42,952.48	
B	SF 42' ‐ (5)	1	96.35	0.00	96.35	
B	SF 55' ‐ (1)	230	22,159.53	150,420.00	172,579.53	
B	SF 55' ‐ (2)	0	0.00	0.00	0.00	
B	SF 55' ‐ (3)	71	6,840.55	71,284.00	78,124.55	
B	SF 55' ‐ (5)	2	192.69	0.00	192.69	
B	SF 67' ‐ (1)	130	12,524.95	103,480.00	116,004.95	
B	SF 67' ‐ (2)	38	3,661.14	48,488.00	52,149.14	
B	SF 67' ‐ (3)	90	8,671.12	90,360.00	99,031.12	
B	SF 67' ‐ (4)	33	3,179.41	47,784.00	50,963.41	
B	SF 75' ‐ (1)	0	0.00	0.00	0.00	
B	SF 75' ‐ (2)	34	3,275.76	49,164.00	52,439.76	
B	SF 75' ‐ (3)	3	289.04	3,522.00	3,811.04	
B	SF 75' ‐ (4)	27	2,601.34	41,364.00	43,965.34	
Total		985	94,901	855,737	950,638	

SOMERSET

PARCEL	PRODUCT
TYPE	UNITS	O&M GROSS	DEBT GROSS	TOTAL GROSS
ASSESSMENT	
D/E	MF ‐ (1)	43	10,201.98	21,414.00	31,615.98	
D/E	MF ‐ (2)	123	29,182.42	156,948.00	186,130.42	
D/E	MF ‐ (3)	27	6,405.90	27,135.00	33,540.90	
D/E	MF ‐ (4)	27	6,405.90	39,096.00	45,501.90	
D/E	SF 55' ‐ (1)	78	18,505.92	51,012.00	69,517.92	
D/E	SF 55' ‐ (2)	126	29,894.18	160,776.00	190,670.18	
D/E	SF 55' ‐ (3)	46	10,913.75	46,184.00	57,097.75	
D/E	SF 67' ‐ (1)	96	22,776.52	76,416.00	99,192.52	
D/E	SF 67' ‐ (2)	101	23,962.80	128,876.00	152,838.80	
D/E	SF 67' ‐ (3)	53	12,574.54	53,212.00	65,786.54	
D/E	SF 67' ‐ (4)	30	7,117.66	43,440.00	50,557.66	
D/E	SF 67' ‐ (5)	3	711.77	0.00	711.77	
D/E	SF 75' ‐ (1)	57	13,523.56	50,673.00	64,196.56	
D/E	SF 75' ‐ (2)	77	18,268.67	111,342.00	129,610.67	
D/E	SF 75' ‐ (3)	27	6,405.90	31,698.00	38,103.90	
D/E	SF 75' ‐ (4)	39	9,252.96	59,748.00	69,000.96	
D/E	SF 75' ‐ (5)	1	237.26	0.00	237.26	
Total		954	226,342	1,057,970	1,284,312	
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

11

Fiscal Year 2024/2025 October 1, 2024 - September 30, 2025

 LENNAR PARCEL	

PARCEL	PRODUCT
TYPE	TOTAL
UNITS	ON ROLL
UNITS	DIRECT BILL
UNITS	
C	6 ‐ plex	120	120	0	
C	4 ‐ plex	164	164	0	
C	46' SF	62	62	0	
C	52' SF	219	219	0	
C	67' SF	129	129	0	
Total		694	694	0	
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	8,606.26	86,816.14	
C	4 ‐ plex	164	11,761.89	118,648.73	
C	46' SF	62	4,446.57	55,749.04	
C	52' SF	219	15,706.43	208,238.09	
C	67' SF	129	9,251.73	149,324.03	
Total		694	49,773	618,776	

	
795.19
795.19
970.90
1,022.58
1,229.27

$
$
$
$
$

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	0	0.00	0.00	
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		0	0	0	

Arborwood Community Development District Assessment Recap - Other Parcels
Fiscal Year 2024/2025 October 1, 2024 - September 30, 2025

 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	0	2	
Total		151	148	2	
OTHER ON ROLL
	PRODUCT	ON ROLL	O&M GROSS	2018 GROSS	TOTAL GROSS		ON ROLL GROSS		
PARCEL	TYPE	UNITS	ON ROLL	ON ROLL	ON ROLL		TOTAL		

D/E	
Golf Course	
116	
64,762.31	
123,556.00	
188,318.31		$	188,318.31		
G	Neighborhood Retail	21	3,997.49	21,850.00	25,847.49		$	25,847.49		
H-1	Retail/ Commercial	11	2,392.70	11,900.00	14,292.70		$	14,292.70		
H-2	RE Office	0	0.00	0.00	0.00		$	-		
					
Total		148	71,152	157,306	228,458		
	*	remove in 24 ‐ debt pre paid and land sold to fire station	

ANNUAL ASSESSMENT METHODOLOGY - GENERAL FUND O&M FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

$  307,163.00

Total Shared O&M Expenditures

A

Allocation of Expenditures and Assessment Per Unit

Tract	

Parcel	Allocation Per Parcel based on Gross Acreage	Assessment Per Unit	
		
B	
C	
D = B‐C	
E	
F = A*D	
G = E/96%	
H	
I = F/H		
J = I/96%	
		
Gross Acreage	Preserve and Lake
Acerage	
Net Acerage	
% 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	560.38	207.90	352.48	26.62%	$	81,782	$	85,190	1,481 $	55.22	$	57.52	
2	B	669.06	332.43	336.63	25.43%	$	78,105	$	81,359	985 $	79.29	$	82.60	
2	D/E	817.73	481.41	336.32	25.40%	$	78,033	$	81,284	954 $	81.80	$	85.20	
2	C	259.16	83.39	175.77	13.28%	$	40,782	$	42,481	694 $	58.76	$	61.21	
Total Residential Land Uses	2,306.33	1,105.13	1,201.20	90.73%	$	278,701	$	290,314	4,114		
2	Golf Course (part of Tract 2 Parcel D/E)	116.23	20.00	96.23	7.27%	$	22,327	23,257.49		
3	Neighborhood Retail‐G	21.06	4.52	16.54	1.25%	$	3,838	3,997.49		
4	Retail/ Commercial H‐1	11.19	1.29	9.90	0.75%	$	2,297	2,392.70		
5	RE Off‐H‐2/ Fire Station	‐	‐	‐	0.00%	$	‐	‐	remove in 24 ‐ debt pre paid and land sold to fire station	
Total Non‐Residential Land Uses	148.48	25.81	122.67	9.27%	$	28,462	$	29,648		
Grand Total (Gross)	2,454.81	1,130.94	1,323.87	100.00%	$	307,163	$	319,961		

$  179,100.00

Total -Somerset Only- O&M Expenditures

Tract	
Parcel	
Gross Acreage	Preserve and Lake
Acerage	
Net Acerage	
% of Total Acreage	Allocation of
Expenditures	Total Expenditures
Grossed up (on Roll)	
Projected Units  Net Ass	
mt per Unit	Gross Assmt per
Unit (If On Roll)	
2	D/E	817.73	481.41	336.32	77.75%	$	139,255	$	145,058	954 $	145.97	$	152.05	
2	Golf Course (part of Tract 2
Parcel D/E)	116.23	20.00	96.23	22.25%	$	39,845	$	41,505		
Totals	
933.96	
501.41	
432.55	
100.00%	
$	179,100	
$	186,563		

$	7,000.00

Total -Parcel C Only O&M Expenditures

Tract	
Parcel	
Gross Acreage	Preserve and Lake
Acerage	
Net Acerage	
% of Total Acreage	Allocation of
Expenditures	Total Expenditures
Grossed up (on Roll)	
Projected Units  Net Assm	
t per Unit	Gross Assmt per
Unit (If On Roll)	
2	C	259.16	83.39	175.77	100.00%	$	7,000	$	7,292	694 $	10.09	$	10.51	

$	13,000.00

Total -Bridgetown Only O&M Expenditures

Tract	
Parcel	
Gross Acreage	Preserve and Lake
Acerage	
Net Acerage	
% of Total Acreage	Allocation of
Expenditures	Total Expenditures
Grossed up (on Roll)	
Projected Units  Net Assm	
t per Unit	Gross Assmt per
Unit (If On Roll)	
2	B	669.06	332.43	336.63	100.00%	$	13,000	$	13,542	985 $	13.20	$	13.75	

Net 2014 A1 & A2 Principal & Interest
Payment Due:	Net Total MADs	% Difference	
$	594,025.00	$	598,173.89	99.306%	

*

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	$	723.47	$	86,816.14	$	-	
PARCEL C - 4 - Plex	164	164	$	723.47	$  118,648.73	$	-	
PARCEL C - 46' Single Family	62	62	$	899.18	$	55,749.04	$	-	
PARCEL C - 52' Single Family	219	219	$	950.86	$  208,238.09	$	-	
PARCEL C - 67' Single Family	129	129	$	1,157.55	$  149,324.03	$	-	
						
Grand Total	694	694		$  618,776.04	$	-	

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.

$2,633,569

Gross MADs when all platted

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)	185	185	488	90,280	0	
PARCELS B - Single Family 42' - (3)	39	39	1,005	39,195	0	
PARCELS B - Single Family 42' - (5)	1	1	0	0	0	
PARCELS B - Single Family 55' - (1)	230	230	654	150,420	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 55' - (5)	2	2	0	0	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		
855,737	
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		
2,476,263	
0	

Other Land Uses							
GOLF COURSE	1	1	123,556	123,556		123,556	
PARCEL G (Neighborhood Retail)	1	1	21,850	21,850		21,850	
PARCEL H-1 (Retail / Commercial)	1	1	11,900	11,900		11,900	
PARCEL H-2 (RE Office)	1	1	0	0		0	
Other Land UseTotal				157,306			
							
GRAND TOTAL				2,633,569	0	2,633,569	

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				

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

84,216
36,180
90,280
39,195
0
150,420
0
71,284
0
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

* 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 ar allocated assessments based on the lot.

Arborwood Community Development District On Roll Assessment Comparsion
Fiscal Year 2024/2025 October 1, 2024 - September 30, 2025

	Product	Gross
Fiscal Year 2023/2024	Gross
Fiscal Year 2024/2025	
Parcel	Type	On Roll Assessment Per Unit	On Roll Assessment Per Unit	
GL Homes				
A	Villa / Townhome	$357.51	$354.52	
A	40' SF	$433.51	$430.52	
A	40' SF - PO	$60.51	$57.52	
A	45' SF	$450.51	$447.52	
A	45' SF / Villa *	$450.51	$447.52	
A	45' SF - PO	$60.51	$57.52	
A	52' SF	$473.51	$470.52	
A	52' SF - PO	$60.51	$57.52	
A	62' SF	$513.51	$510.52	

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)	$1,372.41	$1,372.35	
B	MF - (3)	$1,101.41	$1,101.35	
B	SF 42' - (1)	$584.41	$584.35	
B	SF 42' - (3)	$1,101.41	$1,101.35	
B	SF 42' - (5)	$96.41	$96.35	
B	SF 55' - (1)	$750.41	$750.35	
B	SF 55' - (2)	$0.00	$0.00	
B	SF 55' - (3)	$1,100.41	$1,100.35	
B	SF 55' - (5)	$96.41	$96.35	
B	SF 67' - (1)	$892.41	$892.35	
B	SF 67' - (2)	$1,372.41	$1,372.35	
B	SF 67' - (3)	$1,100.41	$1,100.35	
B	SF 67' - (4)	$1,544.41	$1,544.35	
B	SF 75' - (1)	$0.00	$0.00	
B	SF 75' - (2)	$1,542.41	$1,542.35	
B	SF 75' - (3)	$1,270.41	$1,270.35	
B	SF 75' - (4)	$1,628.41	$1,628.35	
D/E	MF - (1)	$738.83	$735.26	
D/E	MF - (2)	$1,516.83	$1,513.26	
D/E	MF - (3)	$1,245.83	$1,242.26	
D/E	MF - (4)	$1,688.83	$1,685.26	
D/E	SF 55' - (1)	$894.83	$891.26	
D/E	SF 55' - (2)	$1,516.83	$1,513.26	
D/E	SF 55' - (3)	$1,244.83	$1,241.26	
D/E	SF 67' - (1)	$1,036.83	$1,033.26	
D/E	SF 67' - (2)	$1,516.83	$1,513.26	
D/E	SF 67' - (3)	$1,244.83	$1,241.26	
D/E	SF 67' - (4)	$1,688.83	$1,685.26	
D/E	SF 67' - (5)	$240.83	$237.26	
D/E	SF 75' - (1)	$1,129.83	$1,126.26	
D/E	SF 75' - (2)	$1,686.83	$1,683.26	
D/E	SF 75' - (3)	$1,414.83	$1,411.26	
D/E	SF 75' - (4)	$1,772.83	$1,769.26	
D/E	SF 75' - (5)	$240.83	$237.26	
	(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		
Lennar			
C	6 - Plex	$798.30	$795.19	
C	4 - Plex	$798.30	$795.19	
C	46' SF	$973.99	$970.90	
C	52' SF	$1,025.66	$1,022.58	
C	67' SF	$1,232.34	$1,229.27	

Others			

D/E
G H-1	Golf Course
Neighborhood Retail Retail/ Commercial	$189,294.95
$26,055.19
$14,417.01	$188,318.31
$25,847.49
$14,292.70	
H-2	RE Office	$3,127.98	$0.00