Stoneybrook South Community Development District

Adopted Budget
FY 2020

Table of Contents

1	 	General Fund	

2-8	
 	General Fund Narrative	

9	
 	Debt Service Fund Series 2013	

10	
 	Amortization Schedule Series 2013	

11	
 	Debt Service Fund Series 2014	

12	
 	Amortization Schedule Series 2014	

		General Fund		
	Adopted	Actual	Projected	Total	Adopted	
	Budget	Thru	Next 3	Thru	Budget	
Description	FY2019	6/30/19	Months	9/30/19	FY2020	

Revenues						
Special Assessments - Tax Roll	$857,289	$847,658	$322	$847,980	$845,101	
Carry Forward Surplus	$23,592	$81,187	$0	$81,187	$78,431	
Total Revenues	$880,881	$928,845	$322	$929,167	$923,533	

Expenditures						
Administrative						
Supervisors Fees	$4,800	$3,800	$2,000	$5,800	$4,800	
Engineering	$15,000	$15,631	$1,869	$17,500	$15,000	
Attorney	$15,000	$1,905	$3,095	$5,000	$15,000	
Arbitrage	$1,150	$650	$500	$1,150	$1,150	
Dissemination	$6,500	$6,650	$0	$6,650	$6,500	
Annual Audit	$4,200	$4,200	$0	$4,200	$4,200	
Trustee Fees	$7,550	$5,657	$1,886	$7,543	$7,550	
Assessment Administration	$5,000	$5,000	$0	$5,000	$5,000	
Management Fees	$32,500	$24,375	$8,125	$32,500	$32,500	
Information Technology	$1,250	$938	$3,088	$4,025	$2,400	
Telephone	$50	$27	$23	$50	$50	
Postage	$150	$73	$27	$100	$150	
Printing & Binding	$250	$147	$53	$200	$250	
Insurance	$3,057	$2,354	$0	$2,354	$3,057	
Legal Advertising	$2,500	$1,198	$241	$1,439	$2,500	
Other Current Charges	$500	$218	$82	$300	$500	
Office Supplies	$50	$30	$20	$50	$75	
Property Taxes	$0	$1	$0	$1	$5	
Property Appraiser	$575	$477	$0	$477	$545	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Administrative Expenses	$100,257	$73,506	$21,008	$94,515	$101,407	

Operation & Maintenance						
Field Services	$15,000	$11,250	$3,750	$15,000	$15,000	
Electric	$35,000	$20,480	$7,520	$28,000	$35,000	
Streetlights	$177,000	$127,152	$42,676	$169,828	$177,000	
Reclaimed Water	$165,000	$127,001	$37,999	$165,000	$180,000	
Property Insurance	$13,750	$12,329	$0	$12,329	$13,750	
Entry & Walls Maintenance	$10,000	$3,885	$6,115	$10,000	$15,000	
Landscape Maintenance	$245,034	$183,775	$61,258	$245,034	$252,375	
Landscape Replacement - Plants, Shrubs, Trees	$50,000	$19,548	$20,452	$40,000	$40,000	
Annual Mulching	$15,000	$20,000	$0	$20,000	$15,000	
Tree Trimming	$6,500	$9,260	$0	$9,260	$10,000	
Irrigation Repairs	$5,000	$4,007	$1,993	$6,000	$10,000	
Aquatic Maintenance	$8,340	$6,258	$2,085	$8,343	$10,000	
Fountain Repair & Maintenance	$6,000	$8,577	$0	$8,577	$7,500	
Wetland Monitoring & Maintenance	$6,500	$0	$3,250	$3,250	$6,500	
Miscellaneous - Stormwater Control	$5,000	$0	$2,500	$2,500	$5,000	
Pressuring Washing	$0	$0	$0	$0	$5,000	
Sidewalk Repair & Maintenance	$5,000	$9,350	$0	$9,350	$10,000	
Roadway Repair & Maintenance - Storm Gutters	$2,500	$0	$1,250	$1,250	$5,000	
Contingency	$10,000	$650	$1,850	$2,500	$10,000	
Operation & Maintenance Expenses	$780,624	$563,523	$192,698	$756,221	$822,125	
						
Total Expenditures	$880,881	$637,029	$213,707	$850,736	$923,532	
						
Excess Revenues/(Expenditures)	$0	$291,816	($213,384)	$78,431	$0	

Net Assessment	

$845,101	
				Collection Cost (6%)	 	$53,943 	
				Gross Assessment	 	$899,044 	

Stoneybrook South
Community Development District Fiscal Year 2020

REVENUES:

Special Assessments – Tax Collector

The District will levy a non-ad valorem special assessment on all the assessable property within the District in order to pay for the operating expenditures during the fiscal year. These assessments are billed on the tax bills.

EXPENDITURES:

Administrative:

Supervisor Fees

Chapter 190 of the Florida Statutes allows for a member of the Board of Supervisors to be compensated $200 per meeting, not to exceed $4,800 per year to each Supervisor for the time devoted to District business and meetings. Amount is based on attendance of 3 Supervisors at 8 monthly Board meetings.

Engineering

The District's engineer, KPM Franklin, will be providing general engineering services to the District,
e.g. attendance and preparation for monthly board meetings, review of invoices and requisitions, preparation and review of contract specifications and bid documents, and various projects assigned as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, Straley, Robin & Vericker, will be providing general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2013 Special Assessment Refunding Bonds and the Series 2014 Special Assessment Bonds Assessment Area Two-A Project. The District has contracted with LLS Tax Solutions, Inc. for this service.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2- 12(b)(5) which relates to additional reporting requirements for unrated bond issues.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District has contracted with Carr, Riggs & Ingram, LLC for this service.

Trustee Fees

The District will pay annual trustee fees for the Series 2013 Special Assessment Refunding Bonds and the Series 2014 Special Assessment Bonds Assessment Area Two-A Project that are deposited with a Trustee at USBank.

Assessment Administration

The District has contracted with Governmental Management Services-Central Florida, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Management Fees

The District has contracted with Governmental Management Services-Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, budget preparation, all financial reporting, annual audit, etc.

Information Technology

Represents costs related to District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Telephone

Telephone and fax machine.

Postage

The District incurs charges for mailing of agenda packages, overnight deliveries, checks for vendors and other required correspondence.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Insurance

The District’s general liability and public officials liability insurance coverage is provided by Stahl Ross and Associates Inc. Stahl Ross and Associates, Inc. specializes in providing insurance coverage to governmental agencies.

Legal Advertising

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

Other Current Charges

Represents any miscellaneous expenses incurred during the fiscal year such as bank fees, deposit slips, stop payments, etc.

Office Supplies

The District incurs charges for office supplies that need to be purchased during the fiscal year.

Property Appraiser

Represents a fee charged by Osceola County Property Appraiser’s office for assessment administration services.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Field:

Field Services

Provide onsite field management of contracts for the District such as landscape and lake maintenance. Services to include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Electric

Represents cost of electric services for items such as monument lighting, fountains, etc. District currently has the following accounts with Duke Energy.

Account #	Description	Monthly	Annual	
02594 43466	1300 Stoneybrook Blvd S, Fountain	$750	$9,000	
22303 31158	100 Double Eagle Dr, Sign/Lighting	$1,250	$15,000	
30328 57027	1400 Deuce Cir, Entry Monument	$25	$300	
34187 74421	8900 Leaderboard Ln, Lighting	$25	$300	
	15511 Oasis Club Blvd, Gatehouse			
39104 86219	Lighting	$35	$420	
42942 76505	1200 Oasis Club Blvd, Meter B	$20	$240	
44221 12556	9160 Tri County Rd, Irrigation 1	$25	$300	
	1500 Rolling Fairway Dr, Entry			
60596 41580	Monument	$25	$300	
65971 86373	1300 Stoneybrook Blvd S, 000 Blk	$25	$300	
66516 22094	1400 Stoneybrook Blvd S, Sign	$25	$300	
68692 27114	15101 Mulligan Blvd, West Entry	$25	$300	
69594 02456	1500 Flange Dr, Entry Monument Light	$25	$300	
71314 04162	9100 Iron Drive	$25	$300	
	1200 Stoneybrook Blvd S, Pump,			
72079 05312	Fountains	$175	$2,100	
72875 23172	9160 Tri County Rd, Irrigation 2	$25	$300	
87148 64390	1200 Stoneybrook Blvd S, 000/Meter A	$75	$900	
90281 90444	14031 Mickelson Ct, Entry Monument	$25	$300	
	Contingency		$4,040	
Total			$35,000	

Streetlights

Represents cost of streetlighting services. District currently has the following accounts with Duke Energy.

Account #	Description	Monthly	Annual	
	000 Westside Blvd Lite, Stnbrk S Trc F			
07257 37351	PH1SL	$390	$4,680	
08875 69404	000 Westside Blvd Lite, SL	$750	$9,000	
	000 Oasis Club Blvd, Lite, Tract I-J1			
11752 29410	PH2B SL	$615	$7,380	
	000 Oasis Club Blvd, Lite, Tract I-J1			
11808 28292	PH2A SL	$550	$6,600	
14919 28503	1551 Flange Dr, Stnybrk S J2-3 PH1 SL	$865	$10,380	
22281 23548	000 Westside Blvd Lite, WS Blvd Ext	$650	$7,800	
26124 79555	000 Stoneybrook Blvd S Lite, Tract H	$1,450	$17,400	
	000 Oasis Club Blvd Lite, Tract I-J1			
27410 39423	PH1A SL	$415	$4,980	
	000 Westside Blvd Lite, Stnbrk S Trc F			
35201 95218	PH2SL	$930	$11,160	
44390 00276	000 Stoneybrook Blvd S Lite Tract 01	$455	$5,460	
	000 Oasis Club Blvd Lite, Tract I-J1			
44494 20468	PH1B SL	$250	$3,000	
	000 Stoneybrook BLVD S Lite, Tract			
64398 26101	G123	$1,325	$15,900	
66164 22136	1300 Stoneybrook Blvd S, Lite	$390	$4,680	
70509 49273	000 Stoneybrook Blvdd S Lite, Tract C	$820	$9,840	
78921 66127	000 Oasis Club Blvd Lite, SL	$1,160	$13,920	
80754 43522	000 Stoneybrook Blvd S Lite, Tract C1B	$525	$6,300	
	000 Stoneybrook Blvd S, Lite, Tract E1			
88564 50441	SLs	$365	$4,380	
89880 84491	0 Stoneybrook Blvd S Lite, Lights	$1,830	$21,960	
91695 13490	1551 Flange Dr, Stnybrk S J2-3 PH2 SL	$535	$6,420	
	Contingency		$5,760	
Total			$177,000	

Reclaimed Water

Represents cost of reclaimed water services. District currently has the following accounts with Toho Water Authority.

Account #	Description	Monthly	Annual	
2166394-1188660	9100 E Stoneybrook Boulevard Blk#3	$2,000	$24,000	
2166394-1188670	9100 E Stoneybrook South Blk#6	$4,600	$55,200	
2166394-1196480	9100 E Stoneybrook Boulevard Blk#11	$2,875	$34,500	
2166394-1274540	1500 A Oasis Club Blvd Blk Even	$4,700	$56,400	
2166394-1274550	1500 B Oasis Club Blvd Blk Even	$25	$300	
2166394-1279350	8900 Bella Cita Blvd Blk Odd	$25	$300	
2166394-				
33016799	1600 Even Moon Valley Drive	$325	$3,900	
	Contingency		$5,400	
Total			$180,000	

Property Insurance

Represents estimated costs for the annual coverage of property insurance. Coverage will be provided by Stahl Ross and Associates, Inc. Stahl Ross and Associates, Inc. specializes in providing insurance coverage to governmental agencies.

Entry & Walls Maintenance

Represents estimated costs to repair and maintain entry monuments and walls within the District.

Landscape Maintenance

The District will maintain the landscaping within the common areas of the District after installation of landscape material has been completed. The District has contracted with Down to Earth Lawncare II, Inc. for this service.

Description	Monthly	Annual	
Landscape Maintenance	$20,419 3% Increase
Total	$245,034
$7,351	
	$252,385	

Landscape Replacement – Plants, Shrubs, Trees

Represents estimated costs for any additional landscape expenses not covered under the monthly landscape maintenance contract such as annual plant replacements, sod installation, tree replacement, etc.

Annual Mulching

Represents estimated cost for the annual installation of mulch to areas within the District.

Tree Trimming

Represents estimated cost for the tree trimming service to areas within the District.

Irrigation Repairs

Represents estimated costs for any repairs to the irrigation system.

Aquatic Maintenance

Represents cost for maintenance to the ponds located within the District. The District has contracted with The Lake Doctors. Inc. for the inspections, treatment and prevention of noxious aquatic weeds and algae. The District has also contracted with American Ecosystem, Inc. for the treatments to control cogon grass within the District’s 10 wetland areas.

Description	Monthly	Annual	
The Lake Doctos, Inc.	$163	$1,956	
American Ecosystems, Inc.	$535	$6,420	
Contingency		$1,624	
Total		$10,000	

Fountain Repair & Maintenance

Represents estimated repair and maintenance cost to the fountain structures maintained by the District.

Wetland Monitoring & Maintenance

Represents estimated cost for the nuisance vegetation treatment of nuisance/exotic plant species with the wetland areas within the District. This service is provided by Ecological Consulting Solutions, Inc.

Miscellaneous – Stormwater Control

Represents estimated costs for any unforeseen costs to stormwater system.

Pressure Washing

Represents estimated cost for pressure washing any areas within the District.

Sidewalk Repair & Maintenance

Represents estimated cost to repair and maintain sidewalks within the District.

Roadway Repair & Maintenance – Storm Gutters

Represents estimated cost for any unforeseen repairs and maintenance to the storm gutters maintained by the District.

Contingency

Represents any additional field expense that may not have been provided for in the budget.

Stoneybrook South
Community  Development District

		Fiscal Year 2020
Series 2013 Debt Service Fund		
	Adopted	Actual	Projected	Total	Adopted	
	Budget	Thru	Next 3	Thru	Budget	
	FY2019	6/30/19	Months	9/30/19	FY2020	

Revenues						
Special Assessments - Tax Roll	$685,417	$695,460	$0	$695,460	$746,885	
Special Assessments - Direct Billed	$44,835	$42,900	$930	$43,831	$0	
Interest Income	$0	$19,476	$2,024	$21,500	$10,000	
Carry Forward Surplus	$316,267	$319,782	$0	$319,782	$498,723	
Total Revenues	$1,046,519	$1,077,619	$2,954	$1,080,573	$1,255,608	

Expenses						
Special Call - 11/1	$0	$5,000	$0	$5,000	$0	
Interest - 11/1	$264,488	$264,488	$0	$264,488	$258,688	
Principal - 5/1	$205,000	$205,000	$0	$205,000	$215,000	
Interest - 5/1	$264,488	$107,363	$0	$107,363	$258,688	
Total Expenditures	$733,975	$581,850	$0	$581,850	$732,375	
						
Excess Revenues/(Expenditures)	$312,544	$495,769	$2,954	$498,723	$523,233	
				
Interest - 11/1/2020	
 	$252,775 	
				Total	 	$252,775 	
				
Net Assessment	
$746,885	
				Collection Cost (6%)	$47,674	
				Gross Assessment	$794,558	

Stoneybrook South Community Development District Series 2013, Special Assessment Revenue Refunding Bonds

Date	Balance	Principal	Interest	Annual

(Term Bonds Combined) Amortization Schedule

11/1/19	$ 8,145,000	$	
5/1/20	$ 8,145,000	$	
11/1/20	$ 7,930,000	$	
5/1/21	$ 7,930,000	$	
11/1/21	$ 7,705,000	$	
5/1/22	$ 7,705,000	$	
11/1/22	$ 7,465,000	$	
5/1/23	$ 7,465,000	$	
11/1/23	$ 7,210,000	$	
5/1/24	$ 7,210,000	$	
11/1/24	$ 6,940,000	$	
5/1/25	$ 6,940,000	$	
11/1/25	$ 6,655,000	$	
5/1/26	$ 6,655,000	$	
11/1/26	$ 6,355,000	$	
5/1/27	$ 6,355,000	$	
11/1/27	$ 6,035,000	$	
5/1/28	$ 6,035,000	$	
11/1/28	$ 5,690,000	$	
5/1/29	$ 5,690,000	$	
11/1/29	$ 5,325,000	$	
5/1/30	$ 5,325,000	$	
11/1/30	$ 4,935,000	$	
5/1/31	$ 4,935,000	$	
11/1/31	$ 4,515,000	$	
5/1/32	$ 4,515,000	$	
11/1/32	$ 4,070,000	$	
5/1/33	$ 4,070,000	$	
11/1/33	$ 3,595,000	$	
5/1/34	$ 3,595,000	$	
11/1/34	$ 3,090,000	$	
5/1/35	$ 3,090,000	$	
11/1/35	$ 2,550,000	$	
5/1/36	$ 2,550,000	$	
11/1/36	$ 1,970,000	$	
5/1/37	$ 1,970,000	$	
11/1/37	$ 1,355,000	$	
5/1/38	$ 1,355,000	$	
11/1/38	$	700,000	$	
5/1/39	$	700,000	$	
Totals		$	

-	$
215,000	$
-	$
225,000	$
-	$
240,000	$
-	$
255,000	$
-	$
270,000	$
-	$
285,000	$
-	$
300,000	$
-	$
320,000	$
-	$
345,000	$
-	$
365,000	$
-	$
390,000	$
-	$
420,000	$
-	$
445,000	$
-	$
475,000	$
-	$
505,000	$
-	$
540,000	$
-	$
580,000	$
-	$
615,000	$
-	$
655,000	$
-	$
700,000	$

258,687.50	$
258,687.50	$
252,775.00	$
252,775.00	$
246,587.50	$
246,587.50	$
239,987.50	$
239,987.50	$
232,975.00	$
232,975.00	$
225,550.00	$
225,550.00	$
216,287.50	$
216,287.50	$
206,537.50	$
206,537.50	$
196,137.50	$
196,137.50	$
184,925.00	$
184,925.00	$
173,062.50	$
173,062.50	$
160,387.50	$
160,387.50	$
146,737.50	$
146,737.50	$
132,275.00	$
132,275.00	$
116,837.50	$
116,837.50	$
100,425.00	$
100,425.00	$
82,875.00	$
82,875.00	$
64,025.00	$
64,025.00	$
44,037.50	$
44,037.50	$
22,750.00	$
22,750.00	$

258,687.50
- 726,462.50
- 724,362.50
- 726,575.00
- 727,962.50
- 728,525.00
- 726,837.50
- 722,825.00
- 722,675.00
- 726,062.50
- 722,987.50
- 723,450.00
- 727,125.00
- 724,012.50
- 724,112.50
- 722,262.50
- 723,300.00
- 726,900.00
- 723,062.50
- 721,787.50
722,750.00

8,145,000	$

6,607,725	$ 14,752,725.00

Stoneybrook South
Community  Development District

		Fiscal Year 2020
Series 2014 Debt Service Fund		
	Adopted Budget
FY2019	Actual Thru
6/30/19	Projected Next 3
Months	Total Thru
9/30/19	Adopted Budget
FY2020	

Revenues						
Special Assessments - Tax Roll	$1,040,511	$1,050,109	$0	$1,050,109	$1,040,511	
Interest Income	$0	$23,069	$1,931	$25,000	$10,000	
Carry Forward Surplus	$752,812	$768,311	$0	$768,311	$842,201	
Total Revenues	$1,793,323	$1,841,488	$1,931	$1,843,419	$1,892,712	

Expenses						
Interest - 11/1	$371,138	$371,138	$0	$371,138	$364,825	
Principal - 11/1	$255,000	$255,000	$0	$255,000	$270,000	
Interest - 5/1	$365,081	$365,081	$0	$365,081	$358,413	
Special Call - 5/1	$0	$10,000	$0	$10,000	$0	
Total Expenditures	$991,219	$1,001,219	$0	$1,001,219	$993,238	
						
Excess Revenues/(Expenditures)	$802,105	$840,270	$1,931	$842,201	$899,474	
				
Principal - 11/1/2020	
$280,000	
				Interest - 11/1/2020	 	$358,413 	
				Total	 	$638,413 	
				
Net Assessment	
$1,040,511	
				Collection Cost (6%)	$66,416	
				Gross Assessment	$1,106,927	

Stoneybrook South Community Development District Series 2014, Special Assessment Bonds Assessment Area Two-A Project

pal

Interest

Annual

Date	Balance	Princi	
11/1/19	$ 13,820,000	$	27	
5/1/20	$ 13,550,000	$	
11/1/20	$ 13,550,000	$	28	
5/1/21	$ 13,270,000	$	
11/1/21	$ 13,270,000	$	29	
5/1/22	$ 12,975,000	$	
11/1/22	$ 12,975,000	$	31	
5/1/23	$ 12,665,000	$	
11/1/23	$ 12,665,000	$	32	
5/1/24	$ 12,340,000	$	
11/1/24	$ 12,340,000	$	34	
5/1/25	$ 12,000,000	$	
11/1/25	$ 12,000,000	$	35	
5/1/26	$ 11,645,000	$	
11/1/26	$ 11,645,000	$	37	
5/1/27	$ 11,275,000	$	
11/1/27	$ 11,275,000	$	39	
5/1/28	$ 10,885,000	$	
11/1/28	$ 10,885,000	$	41	
5/1/29	$ 10,475,000	$	
11/1/29	$ 10,475,000	$	43	
5/1/30	$ 10,045,000	$	
11/1/30	$ 10,045,000	$	45	

(Term Bonds Combined) Amortization Schedule

0,000

$	364,825.00	$	634,825.00	
$	358,412.50	$	-	
$	358,412.50	$	996,825.00	
$	351,762.50	$	-	
$	351,762.50	$	998,525.00	
$	344,756.25	$	-	
$	344,756.25	$	999,512.50	
$	337,393.75	$	-	
$	337,393.75	$	999,787.50	
$	329,675.00	$	-	
$	329,675.00	$	999,350.00	
$	321,600.00	$	-	
$	321,600.00	$	998,200.00	
$	312,503.13	$	-	
$	312,503.13	$	995,006.25	
$	303,021.88	$	-	
$	303,021.88	$	996,043.75	
$	293,028.13	$	-	
$	293,028.13	$	996,056.25	
$	282,521.88	$	-	
$	282,521.88	$	995,043.75	
$	271,503.13	$	-	
$	271,503.13	$	998,006.25	
$	259,843.75	$	-	
$	259,843.75	$	999,687.50	
$	247,543.75	$	-	
$	247,543.75	$ 1,000,087.50	
$	234,603.13	$	-	
$	234,603.13	$	999,206.25	
$	221,021.88	$	-	
$	221,021.88	$	997,043.75	
$	206,800.00	$	-	
$	206,800.00	$	998,600.00	
$	190,712.50	$	-	
$	190,712.50	$	996,425.00	
$	173,800.00	$	-	
$	173,800.00	$	997,600.00	
$	155,925.00	$	-	
$	155,925.00	$	996,850.00	
$	137,087.50	$	-	
$	137,087.50	$	999,175.00	
$	117,150.00	$	-	
$	117,150.00	$	999,300.00	
$	96,112.50	$	-	
$	96,112.50	$	997,225.00	
$	73,975.00	$	-	
$	73,975.00	$	997,950.00	
$	50,600.00	$	-	
$	50,600.00	$	996,200.00	
$	25,987.50	$	-	
$	25,987.50	$	996,975.00	

-    0,000
-    5,000
-    0,000
-    5,000
-    0,000
-    5,000
-    0,000
-    0,000
-    0,000
-    0,000
-    5,000

5/1/31	$ 9,590,000	$	
11/1/31	$ 9,590,000	$	48	
5/1/32	$ 9,110,000	$	
11/1/32	$ 9,110,000	$	50	
5/1/33	$ 8,605,000	$	
11/1/33	$ 8,605,000	$	53	
5/1/34	$ 8,075,000	$	
11/1/34	$ 8,075,000	$	55	
5/1/35	$ 7,520,000	$	
11/1/35	$ 7,520,000	$	58	
5/1/36	$ 6,935,000	$	
11/1/36	$ 6,935,000	$	61	
5/1/37	$ 6,320,000	$	
11/1/37	$ 6,320,000	$	65	
5/1/38	$ 5,670,000	$	
11/1/38	$ 5,670,000	$	68	
5/1/39	$ 4,985,000	$	
11/1/39	$ 4,985,000	$	72	
5/1/40	$ 4,260,000	$	
11/1/40	$ 4,260,000	$	76	
5/1/41	$ 3,495,000	$	
11/1/41	$ 3,495,000	$	80	
5/1/42	$ 2,690,000	$	
11/1/42	$ 2,690,000	$	85	
5/1/43	$ 1,840,000	$	
11/1/43	$ 1,840,000	$	89	
5/1/44	$	945,000	$	
11/1/44

Totals	$	945,000	$	94

$	13,82	

-    0,000
-    5,000
-    0,000
-    5,000
-    5,000
-    5,000
-    0,000
-    5,000
-    5,000
-    5,000
-    5,000
-    0,000
-    5,000
-    5,000

0,000 $

11,759,506 $ 25,579,506.25