Approved Proposed Budget
Fiscal Year 2024

San Simeon Community Development District

March 17, 2023

San Simeon
Community Development District

General Fund

Adopted Budget
	FY2023	

Actual thru
	2/28/23	

Projected Next
	7 Months	

Total Projected at
	9/30/23	

Proposed Budget
	FY2024	

 Description	

REVENUES:
Special Assessments Interest Income
Carry Forward Surplus
Total Revenues

$315,897
$0
$210,650

$295,948
$6,514
$36,920

$19,949
$2,171
$0

$315,897
$8,685
$36,920

$315,897
$0
$27,488

	$526,547 

	$339,382 

	$22,121 

	$361,503 

	$343,385 

Expenditures
Administrative Engineering Fees Arbitrage Rebate
Dissemination Agent
Attorney Fees Annual Audit Trustee Fees Management Fees Computer Time Telephone Postage
Printing & Binding Insurance
Legal Advertising Other Current Charges Website Complieance Office Supplies
Dues, Licenses & Subscriptions
Field Maintenance
Field Maintenance Electric
Water
Landscape Maintenance Plant Replacement
Tree Trimming
Repairs & Maintenance Irrigation Repairs & Maintenance Pump Station Maintenance Property Insurance
Lake Maintenance Lake Debris Removal
Janitorial & Porter Services Holiday Decorations Sidewalk Maintenance Contingency
Total Expenditures
Excess (deficiency) of revenues over (under) expenditures

$18,000
$550
$2,500
$15,000
$4,000
$4,041
$37,260
$375
$50
$500
$750
$6,114
$1,000
$375
$900
$113
$175

$0
$0
$1,042
$5,775
$0
$0
$15,525
$156
$0
$20
$1
$5,842
$0
$0
$375
$0
$175

$10,000
$550
$1,458
$11,550
$3,650
$4,041
$21,735
$219
$50
$350
$500
$0
$500
$0
$525
$50
$0

$10,000
$550
$2,500
$17,325
$3,650
$4,041
$37,260
$375
$50
$370
$501
$5,842
$500
$0
$900
$50
$175

$10,000
$550
$2,500
$15,000
$4,000
$4,041
$37,260
$375
$50
$500
$750
$6,426
$750
$375
$1,000
$113
$175

$13,800
$2,500
$1,000
$161,892
$15,000
$0
$9,000
$5,000
$16,000
$6,000
$5,400
$1,350
$10,800
$3,750
$3,750
$12,465

$5,750
$0
$50
$55,925
$12,300
$0
$0
$4,250
$4,944
$0
$2,200
$0
$4,250
$0
$0
$1,069

$8,050
$0
$100
$78,295
$2,500
$8,500
$7,500
$5,950
$10,000
$0
$11,000
$900
$10,192
$0
$1,200
$15,000

$13,800
$0
$150
$134,220
$14,800
$8,500
$7,500
$10,200
$14,944
$0
$13,200
$900
$14,442
$0
$1,200
$16,069

$13,800
$0
$250
$134,220
$15,000
$8,500
$9,000
$10,200
$16,000
$6,000
$13,200
$1,350
$14,500
$3,750
$3,750
$10,000

	$359,409 
 	
	$167,138 

	$119,649 
 	
	$219,733 

	$214,365 
 	
	($192,245) 

	$334,015 
 	
	$27,488 

	$343,385 
 	
	$0 

Page 1

Product

Total Units

Unit

FY2023

FY2024

Single Family Townhomes
Villas

55
393
254

$473.68
$473.68
$473.68

$26,052.40
$186,156.24
$120,314.72

$26,052.40
$186,156.24
$120,314.72

Total Gross

$332,523.36

$332,523.36

Collection Cost

($16,626.17)

($16,626.17)

Total Net

$315,897.19

$315,897.19

San Simeon
Community Development District

General Fund Budget

REVENUES:

Maintenance Assessments
The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all the operating expenses for the Fiscal Year in accordance with the adopted budget.

Interest Income
The District has invested the surplus revenues with the State Board of Administration.

EXPENDITURES:

Administrative:

Engineering Fees
The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc. In addition, the District has entered into a contract with SCS Engineering for bi-annual monitor reporting as required by DERM.

Arbitrage Rebate
The District is required to have an annual arbitrage rebate calculation on the District’s Bonds. The District had contracted LLS Tax Solutions LLC to perform the calculations.

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. GMS-SF serves as Dissemination Agent.

Attorney Fees
The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Trustee Fees
The District bonds will be held and administered by a Trustee. This represents the banks annual fee.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – South Florida, LLC.

Website Compliance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.

Computer Time
The District processes all its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.

Telephone
Telephone and fax machine.

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.

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.

Page 2

San Simeon
Community Development District

General Fund Budget

Administrative: (continued)

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

Other Current Charges
Bank charges and any other miscellaneous expenses that incurred during the year.

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.

First Quarter Operating
Represents funds needed for 1st Quarter of the next Fiscal Year, prior to the collection of Maintenance Assessments from the Developer and direct assessments.

Field:

Field Management
The supervision and reporting to the Board of Supervisors of the field maintenance services as provided by the different vendors.

Utility - Water
The District has two accounts with Miami-Dade Water & Sewer:

7012930290
4100183577

20796 NE 2nd Ct
21255 NE 2nd Ct

Landscape Maintenance
The District has contracted with Equator Landscaping. Contract includes monthly services:
-Mowing
-Edging Trimming
-Raking
-Shrubs & Ground Cover care
-Palm & Tree care

Plant Replacement
Landscaping and maintenance of the common areas.

Tree Trimming
The District has contracted with Equator Landscaping. Contract includes one annual service.

Repairs & Maintenance
Miscellaneous maintenance expenditures.

Irrigation Repairs & Maintenance
Miscellaneous maintenance expenditures related to the irrigation system.

Pump Station Repairs & Maintenance
The District has entered into a contract with Atlantic Environmental Service for the maintenance of the pump stations.

Property Insurance
Property and operational insurance for the District’s capital assets.

Lake Maintenance
The District has contracted with Eco Blue Aquatics. Contract includes bi-monthly service to include:
-Algae and aquatic plant control
-Border grass and brush control
-Invasive weed and brush control
-Exotic vegetation control

Page 3

San Simeon
Community Development District

General Fund Budget

Lake Debris Removal
The District has contracted with Eco Blue Aquatics to perform debris removal from lake and lake banks.

Janitorial & Porter Services
The District has contracted with Equator Landscaping for monthly porter services

Holiday Decorations
Expenses for the annual Holiday lighting.

Sidewalk Maintenance
Expenses for the maintenance and repair of CDD sidewalks.

Contingency
Represents any un-budgeted expense.

Page 4

San Simeon
Community Development District

Debt Service Fund
Series 2019 Special Assessment Bond

Adopted Budget
	FY2023	

Actual thru
	2/28/23	

Projected Next
	7 Months	

Total Projected at
	9/30/23	

Proposed Budget
	FY2024	

	Description	

Revenues

Special Assessments Interest Income
Carry Forward Surplus (1)

$712,365
$0
$246,885

$667,379
$4,840
$247,050

$44,986
$2,500
$0

$712,365
$7,340
$247,050

$712,365
$0
$247,395

Total Revenues

	$959,250 

	$919,269 

	$47,486 

	$966,755 

	$959,760 

Expenditures

Series 2019 Interest 12/15 Interest 06/15 Principal 06/15

$234,969
$234,969
$245,000

$234,969
$0
$0

$0
$234,969
$245,000

$234,969
$234,969
$245,000

$230,834
$230,834
$255,000

Total Expenditures

	$714,938 

	$234,969 

	$479,969 

	$714,938 

	$716,669 

Other Financing Sources/(Uses)

Interfund Transfer Out

$0

($2,922)

($1,500)

($4,422)

$0

Total Other Financing Sources/(Uses)

	$0 

	($2,922) 

	($1,500) 

	($4,422) 

	$0 

EXCESS REVENUES

	$244,313 

	$681,378 

	($433,983) 

	$247,395 

	$243,091 

(1) Carry forward is net of Reserve Fund requirement.

Page 5

Product

Total Units

Gross Debt Per Unit

FY2023

FY2024

Single Family Townhomes Villas

55
393
254

$1,246.65
$1,097.05
$984.85

$68,565.75
$431,140.65
$250,151.90

$68,565.75
$431,140.65
$250,151.90

Total Gross

$749,858.30

$749,858.30

Collection Cost

($37,492.91)

($37,492.91)

Total Net

$712,365.39

$712,365.39

12/15/24 Interest	$	226,531

San Simeon
Community Development District

Series 2019 Special Assessment Bond
Amortization Schedule
Term 1: Maturity 6/15/2024

PRINCIPAL
	BALANCE	

	DATE	

 RATE 

	INTEREST	

	PRINCIPAL	

	TOTAL	

15-Jun-19
15-Dec-19
15-Jun-20
15-Dec-20
15-Jun-21
15-Dec-21
15-Jun-22
15-Dec-22
15-Jun-23
15-Dec-23
15-Jun-24

$1,185,000.00
$1,185,000.00
$1,185,000.00
$965,000.00
$965,000.00
$735,000.00
$735,000.00
$500,000.00
$500,000.00
$255,000.00
$255,000.00

3.375%
3.375%
3.375%
3.375%
3.375%
3.375%
3.375%
3.375%
3.375%
3.375%
3.375%

$0.00
$22,519.14
$19,996.88
$16,284.38
$16,284.38
$12,403.13
$12,403.13
$8,437.50
$8,437.50
$4,303.13
$4,303.13

$0.00
$0.00
$220,000.00
$0.00
$230,000.00
$0.00
$235,000.00
$0.00
$245,000.00
$0.00
$255,000.00

$22,519.14

$256,281.25

$12,403.13

$255,840.63

$257,740.63
$259,303.13

  Total 

	$50,287.50 

	$735,000.00 

	$785,287.50 

Page 6

San Simeon
Community Development District

Series 2019 Special Assessment Bond
Amortization Schedule
Term 2: Maturity 6/15/2031

PRINCIPAL
	BALANCE	

	DATE	

 RATE 

	INTEREST	

  PRINCIPAL	

	TOTAL	

15-Jun-19
15-Dec-19
15-Jun-20
15-Dec-20
15-Jun-21
15-Dec-21
15-Jun-22
15-Dec-22
16-Jun-23
16-Dec-23
16-Jun-24
15-Dec-24
16-Jun-25
15-Dec-25
16-Jun-26
15-Dec-26
15-Jun-27
15-Dec-27
15-Jun-28
15-Dec-28
15-Jun-29
15-Dec-29
15-Jun-30
15-Dec-30
15-Jun-31

$2,055,000.00
$2,055,000.00
$2,055,000.00
$2,055,000.00
$2,055,000.00
$2,055,000.00
$2,055,000.00
$2,055,000.00
$2,055,000.00
$2,055,000.00
$2,055,000.00
$2,055,000.00
$2,055,000.00
$1,795,000.00
$1,795,000.00
$1,525,000.00
$1,525,000.00
$1,245,000.00
$1,245,000.00
$950,000.00
$950,000.00
$645,000.00
$645,000.00
$330,000.00
$330,000.00

3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%

$0.00
$39,052.17
$38,531.25
$38,531.25
$38,531.25
$38,531.25
$38,531.25
$38,531.25
$38,531.25
$38,531.25
$38,531.25
$38,531.25
$38,531.25
$33,656.25
$33,656.25
$28,593.75
$28,593.75
$23,343.75
$23,343.75
$17,812.50
$17,812.50
$12,093.75
$12,093.75
$6,187.50
$6,187.50

$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$260,000.00
$0.00
$270,000.00
$0.00
$280,000.00
$0.00
$295,000.00
$0.00
$305,000.00
$0.00
$315,000.00
$0.00
$330,000.00

$39,052.17

$77,062.50

$77,062.50

$77,062.50

$77,062.50

$77,062.50

$332,187.50

$332,250.00

$331,937.50

$336,156.25

$334,906.25

$333,281.25
$336,187.50

  Total 

	$706,270.92 

  $2,055,000.00 

	$2,761,270.92 

Page 7

San Simeon
Community Development District

Series 2019 Special Assessment Bond
Amortization Schedule
Term 3: Maturity 6/15/2039

PRINCIPAL
	BALANCE	

	DATE	

  RATE 

	INTEREST	

  PRINCIPAL	

	TOTAL	

15-Jun-19
15-Dec-19
15-Jun-20
15-Dec-20
15-Jun-21
15-Dec-21
15-Jun-22
15-Dec-22
15-Jun-23
15-Dec-23
15-Jun-24
15-Dec-24
15-Jun-25
15-Dec-25
15-Jun-26
15-Dec-26
15-Jun-27
15-Dec-27
15-Jun-28
15-Dec-28
15-Jun-29
15-Dec-29
15-Jun-30
15-Dec-30
15-Jun-31
15-Dec-31
15-Jun-32
15-Dec-32
15-Jun-33
15-Dec-33
15-Jun-34
15-Dec-34
15-Jun-35
15-Dec-34
15-Jun-36
15-Dec-36
15-Jun-37
15-Dec-37
15-Jun-38
15-Dec-38
15-Jun-39

$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$3,160,000.00
$2,820,000.00
$2,820,000.00
$2,465,000.00
$2,465,000.00
$2,095,000.00
$2,095,000.00
$1,710,000.00
$1,710,000.00
$1,310,000.00
$1,310,000.00
$890,000.00
$890,000.00
$455,000.00
$455,000.00

4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
 4.125% 
  Total	

$0.00
$60,051.03
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$65,175.00
$58,162.50
$58,162.50
$50,840.63
$50,840.63
$43,209.38
$43,209.38
$35,268.75
$35,268.75
$27,018.75
$27,018.75
$18,356.25
$18,356.25
$9,384.38
	$9,384.38 
	$1,918,331.25 

$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$340,000.00
$0.00
$355,000.00
$0.00
$370,000.00
$0.00
$385,000.00
$0.00
$400,000.00
$0.00
$420,000.00
$0.00
$435,000.00
$0.00
	$455,000.00 
  $3,160,000.00 

$60,051.03

$130,350.00

$65,175.00

$130,350.00

$130,350.00

$130,350.00

$130,350.00

$130,350.00

$130,350.00

$130,350.00

$130,350.00

$130,350.00

$130,350.00

$463,337.50

$464,003.13

$464,050.00

$463,478.13

$462,287.50

$465,375.00

$462,740.63
	$464,384.38 
	$5,078,331.25 

Page 8

San Simeon
Community Development District

Series 2019 Special Assessment Bond
Amortization Schedule
Term 4: Maturity 6/15/2049

PRINCIPAL
	BALANCE	
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,780,000.00
$5,305,000.00
$5,305,000.00
$4,810,000.00
$4,810,000.00
$4,295,000.00
$4,295,000.00
$3,755,000.00
$3,755,000.00
$3,195,000.00
$3,195,000.00
$2,610,000.00
$2,610,000.00
$2,000,000.00
$2,000,000.00
$1,360,000.00
$1,360,000.00
$695,000.00
$695,000.00

	DATE	
15-Jun-19
15-Dec-19
15-Jun-20
15-Dec-20
15-Jun-21
15-Dec-21
15-Jun-22
15-Dec-22
15-Jun-23
15-Dec-23
15-Jun-24
15-Dec-24
15-Jun-25
15-Dec-25
15-Jun-26
15-Dec-26
15-Jun-27
15-Dec-27
15-Jun-28
15-Dec-28
15-Jun-29
15-Dec-29
15-Jun-30
15-Dec-30
15-Jun-31
15-Dec-31
15-Jun-32
15-Dec-32
15-Jun-33
15-Dec-33
15-Jun-34
15-Dec-34
15-Jun-35
15-Dec-34
15-Jun-36
15-Dec-36
15-Jun-37
15-Dec-37
15-Jun-38
15-Dec-38
15-Jun-39
15-Dec-39
15-Jun-40
15-Dec-40
15-Jun-41
15-Dec-41
15-Jun-42
15-Dec-42
15-Jun-43
15-Dec-43
15-Jun-44
15-Dec-44
15-Jun-45
15-Dec-45
15-Jun-46
15-Dec-46
15-Jun-47
15-Dec-47
15-Jun-48
15-Dec-48
15-Jun-49

 RATE 
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
 4.250% 
  Total 

	INTEREST	
$0.00
$109,840.18
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$122,825.00
$112,731.25
$112,731.25
$102,212.50
$102,212.50
$91,268.75
$91,268.75
$79,793.75
$79,793.75
$67,893.75
$67,893.75
$55,462.50
$55,462.50
$42,500.00
$42,500.00
$28,900.00
$28,900.00
$14,768.75
	$14,768.75 
	$5,858,412.50 

  PRINCIPAL	
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$475,000.00
$0.00
$495,000.00
$0.00
$515,000.00
$0.00
$540,000.00
$0.00
$560,000.00
$0.00
$585,000.00
$0.00
$610,000.00
$0.00
$640,000.00
$0.00
$665,000.00
$0.00
	$695,000.00 
  $5,780,000.00 

	TOTAL	

$109,840.18

$245,650.00

$122,825.00

$245,650.00

$245,650.00

$245,650.00

$245,650.00

$245,650.00

$245,650.00

$245,650.00

$245,650.00

$245,650.00

$245,650.00

$245,650.00

$245,650.00

$245,650.00

$245,650.00

$245,650.00

$245,650.00

$245,650.00

$245,650.00

$710,556.25

$709,943.75

$708,481.25

$711,062.50

$707,687.50

$708,356.25

$707,962.50

$711,400.00

$708,668.75
	$709,768.75 
	$11,638,412.50 

Page 9

San Simeon
Community Development District

Series 2019 Special Assessment Bond
Amortization Schedule

	Summary 

PRINCIPAL
	BALANCE	

	DATE	

 RATE 

	INTEREST	

  PRINCIPAL	

	TOTAL	

15-Jun-19
15-Dec-19
15-Jun-20
15-Dec-20
15-Jun-21
15-Dec-21
15-Jun-22
15-Dec-22
15-Jun-23

$12,180,000.00
$12,180,000.00
$12,180,000.00
$11,960,000.00
$11,960,000.00
$11,730,000.00
$11,730,000.00
$11,495,000.00
$11,495,000.00

3.375%
3.375%
3.375%
3.375%
3.375%
3.375%
3.375%
3.375%
3.375%

$0.00
$231,462.52
$246,528.13
$242,815.63
$242,815.63
$238,934.38
$238,934.38
$234,968.75
$234,968.75

$0.00
$0.00
$220,000.00
$0.00
$230,000.00
$0.00
$235,000.00
$0.00
$245,000.00

$231,462.52

$709,343.75

$711,750.00

$708,903.13

15-Dec-24
15-Jun-25
15-Dec-25
15-Jun-26
15-Dec-26
15-Jun-27
15-Dec-27
15-Jun-28
15-Dec-28
15-Jun-29
15-Dec-29
15-Jun-30
15-Dec-30
15-Jun-31
15-Dec-31
15-Jun-32
15-Dec-32
15-Jun-33
15-Dec-33
15-Jun-34
15-Dec-34
15-Jun-35
15-Dec-34
15-Jun-36
15-Dec-36
15-Jun-37
15-Dec-37
15-Jun-38
15-Dec-38
15-Jun-39
15-Dec-39
15-Jun-40
15-Dec-40
15-Jun-41
15-Dec-41
15-Jun-42
15-Dec-42
15-Jun-43
15-Dec-43
15-Jun-44
15-Dec-44
15-Jun-45
15-Dec-45
15-Jun-46
15-Dec-46
15-Jun-47
15-Dec-47
15-Jun-48
15-Dec-48
15-Jun-49

$10,995,000.00
$10,995,000.00
$10,735,000.00
$10,735,000.00
$10,465,000.00
$10,465,000.00
$10,185,000.00
$10,185,000.00
$9,890,000.00
$9,890,000.00
$9,585,000.00
$9,585,000.00
$9,270,000.00
$9,270,000.00
$8,940,000.00
$8,940,000.00
$8,600,000.00
$8,600,000.00
$8,245,000.00
$8,245,000.00
$7,875,000.00
$7,875,000.00
$7,490,000.00
$7,490,000.00
$7,090,000.00
$7,090,000.00
$6,670,000.00
$6,670,000.00
$6,235,000.00
$6,235,000.00
$5,780,000.00
$5,780,000.00
$5,305,000.00
$5,305,000.00
$4,810,000.00
$4,810,000.00
$4,295,000.00
$4,295,000.00
$3,755,000.00
$3,755,000.00
$3,195,000.00
$3,195,000.00
$2,610,000.00
$2,610,000.00
$2,000,000.00
$2,000,000.00
$1,360,000.00
$1,360,000.00
$695,000.00
$695,000.00

3.375%
3.375%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
3.750%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.125%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
4.250%
 4.250% 
  Total 

$226,531.25
$226,531.25
$221,656.25
$221,656.25
$216,593.75
$216,593.75
$211,343.75
$211,343.75
$205,812.50
$205,812.50
$200,093.75
$200,093.75
$194,187.50
$194,187.50
$188,000.00
$188,000.00
$180,987.50
$180,987.50
$173,665.63
$173,665.63
$166,034.38
$166,034.38
$158,093.75
$158,093.75
$149,843.75
$149,843.75
$141,181.25
$141,181.25
$132,209.38
$132,209.38
$122,825.00
$122,825.00
$112,731.25
$112,731.25
$102,212.50
$102,212.50
$91,268.75
$91,268.75
$79,793.75
$79,793.75
$67,893.75
$67,893.75
$55,462.50
$55,462.50
$42,500.00
$42,500.00
$28,900.00
$28,900.00
$14,768.75
	$14,768.75 
	$9,342,278.15 

$0.00
$260,000.00
$0.00
$270,000.00
$0.00
$280,000.00
$0.00
$295,000.00
$0.00
$305,000.00
$0.00
$315,000.00
$0.00
$330,000.00
$0.00
$340,000.00
$0.00
$355,000.00
$0.00
$370,000.00
$0.00
$385,000.00
$0.00
$400,000.00
$0.00
$420,000.00
$0.00
$435,000.00
$0.00
$455,000.00
$0.00
$475,000.00
$0.00
$495,000.00
$0.00
$515,000.00
$0.00
$540,000.00
$0.00
$560,000.00
$0.00
$585,000.00
$0.00
$610,000.00
$0.00
$640,000.00
$0.00
$665,000.00
$0.00
	$695,000.00 
	$12,180,000.00 

$712,365.63

$708,187.50

$708,250.00

$707,937.50

$712,156.25

$710,906.25

$709,281.25

$712,187.50

$708,987.50

$709,653.13

$709,700.00

$709,128.13

$707,937.50

$711,025.00

$708,390.63

$710,034.38

$710,556.25

$709,943.75

$708,481.25

$711,062.50

$707,687.50

$708,356.25

$707,962.50

$711,400.00

$708,668.75
	$709,768.75 
	$21,522,278.15 

Page 10

15-Dec-23	$11,250,000.00	3.375%	$230,834.38	$0.00	$710,803.13
15-Jun-24	$11,250,000.00	3.375%	$230,834.38	$255,000.00