Stoneybrook South Community Development District

Proposed Budget
FY 2023

Table of Contents

1		General Fund	

2-8	
	General Fund Narrative	

9	
	Capital Reserve Fund	

10	
	Debt Service Fund Series 2013	

11	
	Amortization Schedule Series 2013	

12	
	Debt Service Fund Series 2014	

13	
	Amortization Schedule Series 2014	

		General Fund		
	Adopted	Actual		Projected	Total	Proposed	
	Budget	Thru		Next 7	Thru	Budget	
Description	FY2022	2/28/22		Months	9/30/22	FY2023	

Revenues							
Special Assessments - Tax Roll	$845,101	$768,542		$76,559	$845,101	$845,101	
Interest	$100	$315		$175	$490	$100	
Carry Forward Surplus	$1,314,737	$1,350,014	*	$0	$1,350,014	$209,378	
Total Revenues	$2,159,938	$2,118,870		$76,734	$2,195,604	$1,054,579	

Expenditures							
Administrative							
Supervisors Fees	$8,000	$2,800		$3,000	$5,800	$8,000	
FICA Expense	$612	$214		$230	$444	$612	
Engineering	$15,000	$855		$2,145	$3,000	$15,000	
Attorney	$15,000	$1,254		$1,746	$3,000	$15,000	
Arbitrage	$1,100	$0		$1,100	$1,100	$1,100	
Dissemination	$5,000	$2,083		$2,917	$5,000	$5,000	
Annual Audit	$3,650	$0		$3,650	$3,650	$3,650	
Trustee Fees	$8,300	$6,223		$2,074	$8,297	$8,300	
Assessment Administration	$5,000	$5,000		$0	$5,000	$5,000	
Management Fees	$33,475	$13,948		$19,527	$33,475	$35,149	
Information Technology	$1,050	$438		$613	$1,050	$1,300	
Website Maintenance	$600	$250		$350	$600	$800	
Telephone	$50	$0		$25	$25	$50	
Postage	$500	$69		$231	$300	$500	
Printing & Binding	$400	$96		$154	$250	$400	
Insurance	$6,200	$5,764		$0	$5,764	$6,350	
Legal Advertising	$2,500	$0		$2,500	$2,500	$2,500	
Other Current Charges	$300	$228		$245	$473	$300	
Office Supplies	$100	$2		$2	$4	$100	
Property Taxes	$5	$1		$0	$1	$5	
Property Appraiser	$545	$0		$612	$612	$625	
Dues, Licenses & Subscriptions	$175	$175		$0	$175	$175	
Administrative Expenses	$107,562	$39,399		$41,120	$80,519	$109,916	

Operation & Maintenance							
Field Services	$15,450	$6,438		$9,013	$15,450	$16,223	
Electric	$55,000	$19,125		$30,875	$50,000	$55,000	
Streetlights	$177,000	$71,517		$98,000	$169,517	$177,000	
Reclaimed Water	$250,000	$69,731		$105,000	$174,731	$250,000	
Property Insurance	$11,750	$11,403		$0	$11,403	$12,550	
Entry & Walls Maintenance	$15,000	$618		$6,882	$7,500	$15,000	
Landscape Maintenance	$255,480	$106,450		$149,030	$255,480	$268,254	
Landscape Replacement - Plants, Shrubs, Trees	$40,000	$1,520		$18,480	$20,000	$40,000	
Tree Trimming	$5,000	$0		$2,500	$2,500	$5,000	
Irrigation Repairs	$15,000	$2,391		$7,609	$10,000	$15,000	
Aquatic Maintenance	$10,000	$815		$1,141	$1,956	$3,000	
Fountain Repair & Maintenance	$7,500	$1,416		$2,058	$3,474	$7,500	
Wetland Monitoring & Maintenance	$6,500	$0		$0	$0	$0	
Miscellaneous - Stormwater Control	$5,000	$0		$15,000	$15,000	$5,000	
Pressuring Washing	$5,000	$0		$2,500	$2,500	$5,000	
Sidewalk Repair & Maintenance	$10,000	$0		$5,000	$5,000	$10,000	
Roadway Repair & Maintenance - Storm Gutters	$5,000	$0		$2,500	$2,500	$5,000	
Contingency	$10,000	$0		$5,000	$5,000	$10,000	
Transfer Out - Capital Reserve	$1,153,696	$1,153,696		$0	$1,153,696	$45,137	
Operation & Maintenance Expenses	$2,052,376	$1,445,119		$460,588	$1,905,707	$944,664	
							
Total Expenditures	$2,159,938	$1,484,519		$501,707	$1,986,226	$1,054,579	
							
Excess Revenues/(Expenditures)	$0	$634,352		($424,973)	$209,378	$0	

*Less Carry Forward Surplus less 1st Quarter Operating					

Net Assessment	

$845,101	
					Collection Cost (6%)		$53,943 	
					Gross Assessment		$899,044 	
		Property Type		Platted Units	Gross Per Unit	Gross Total	
		Apartment		304	$12	$3,496	
		Condo		168	$343	$57,617	
		Townhome		181	$446	$80,697	
		Single Family 40'		82	$549	$44,995	
		SIngle Family 50'		698	$686	$478,758	
		Single Family 60'		197	$823	$162,147	
		Single Family 80'		65	$1,097	$71,334	
		Total		1695		$899,044	

Stoneybrook South
Community Development District Fiscal Year 2023

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 5 Supervisors at 8 monthly Board meetings.

Engineering

The District's engineer, Hamilton Engineering & Surveying, Inc., 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. The District has contracted with Governmental Management Services-Central Florida, LLC for this service on the Series 2013 Special Assessment Refunding Bonds and the Series 2014 Special Assessment Bonds Assessment Area Two-A Project.

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 Berger, Toombs, Elam, Gaines & Frank 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

The District has contracted with Governmental Management Services-Central Florida, LLC for costs related to District’s information systems, which include but are not limited to video conferencing service, cloud storage services and servers, security, accounting software, etc.

Website Maintenance

The District has contracted with Governmental Management Services-Central Florida, LLC for the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statues. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

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 Florida Insurance Alliance (FIA). FIA 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 Taxes

Represents estimated fees charged by Osceola County Tax Collector’s Office for all assessable property within the District.

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

The District has contracted with Governmental Management Services-Central Florida, LLC to 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	$950	$11,400	
19999 08478	14381 Mickelson Ct., Fountain	$425	$5,100	
22303 31158	100 Double Eagle Dr, Sign/Lighting	$1,150	$13,800	
30328 57027	1400 Deuce Cir, Entry Monument	$20	$240	
34187 74421	8900 Leaderboard Ln, Lighting	$50	$600	
39104 86219	15511 Oasis Club Blvd, Gatehouse Lighting	$20	$240	
42942 76505	1200 Oasis Club Blvd, Meter B	$20	$240	
44221 12556	9160 Tri County Rd, Irrigation 1	$20	$240	
44858 16595	14431 Bunker Drive, Fountain	$425	$5,100	
60596 41580	1500 Rolling Fairway Dr, Entry Monument	$20	$240	
65971 86373	1300 Stoneybrook Blvd S, 000 Blk	$20	$240	
66516 22094	1400 Stoneybrook Blvd S, Sign	$20	$240	
68692 27114	15101 Mulligan Blvd, West Entry	$20	$240	
69594 02456	1500 Flange Dr, Entry Monument Light	$20	$240	
71314 04162	9100 Iron Drive	$20	$240	
72079 05312	1200 Stoneybrook Blvd S, Pump, Fountains	$175	$2,100	
72875 23172	9160 Tri County Rd, Irrigation 2	$20	$240	
80294 95143	13241 Westside Blvd. South, Fountain	$425	$5,100	
80906 57317	14471 Mickelson Ct., Fountain	$425	$5,100	
87148 64390	1200 Stoneybrook Blvd S, 000/Meter A	$50	$600	
90281 90444	14031 Mickelson Ct, Entry Monument	$20	$240	
	Contingency			$3,220 	
Total			$55,000	

Streetlights

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

Account #	Description	Monthly	Annual	
07257 37351	000 Westside Blvd Lite, Stnbrk S Trc F PH1SL	$390	$4,680	
08875 69404	000 Westside Blvd Lite, SL	$750	$9,000	
11752 29410	000 Oasis Club Blvd, Lite, Tract I-J1 PH2B SL	$615	$7,380	
11808 28292	000 Oasis Club Blvd, Lite, Tract I-J1 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	
27410 39423	000 Oasis Club Blvd Lite, Tract I-J1 PH1A SL	$415	$4,980	
35201 95218	000 Westside Blvd Lite, Stnbrk S Trc F PH2SL	$930	$11,160	
44390 00276	000 Stoneybrook Blvd S Lite Tract 01	$455	$5,460	
44494 20468	000 Oasis Club Blvd Lite, Tract I-J1 PH1B SL	$250	$3,000	
64398 26101	000 Stoneybrook BLVD S Lite, Tract 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	
88564 50441	000 Stoneybrook Blvd S, Lite, Tract E1 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	$3,500	$42,000	
2166394-1188670	9100 E Stoneybrook South Blk#6	$5,500	$66,000	
2166394-1196480	9100 E Stoneybrook Boulevard Blk#11	$5,000	$60,000	
2166394-1274540	1500 A Oasis Club Blvd Blk Even	$6,000	$72,000	
2166394-1274550	1500 B Oasis Club Blvd Blk Even	$50	$600	
2166394-1279350	8900 Bella Cita Blvd Blk Odd	$75	$900	
2166394-33016799	1600 Even Moon Valley Drive	$325	$3,900	
	Contingency			$4,600 	
Total			$250,000	

Property Insurance

Represents estimated costs for the annual coverage of property insurance. Coverage will be provided by Florida Insurance Alliance (FIA). FIA 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	$21,290	$255,480	
Contingency			$12,774 	
Total		$268,254	

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.

Description	Monthly	Annual	
The Lake Doctos, Inc.	$163	$1,956	
Contingency			$1,044 	
Total		$3,000	

Fountain Repair & Maintenance

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

Miscellaneous – Stormwater Control

Represents estimated costs for the stormwater analysis requirement and any unforeseen repair 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.

Transfer Out – Capital Reserve

Represents proposed amount to transfer to Capital Reserve Fund.

Community Development District

		Fiscal Year 2023 Capital Reserve Fund		
	Adopted Budget
FY2022	Actual Thru
2/28/22	Projected Next 7
Months	Total Thru
9/30/22	Proposed Budget
FY2023	

Revenues						
Transfer In	$1,153,696	$1,153,696	$0	$1,153,696	$45,137	
Interest Income	$1,000	$340	$910	$1,250	$1,500	
Total Revenues	$1,154,696	$1,154,036	$910	$1,154,946	$46,637	

Expenses						
Capital Outlay	$25,000	$0	$0	$0	$25,000	
Total Expenditures	$25,000	$0	$0	$0	$25,000	
						
Excess Revenues/(Expenditures)	$1,129,696	$1,154,036	$910	$1,154,946	$21,637	

Community Development District

		Fiscal Year 2023
Series 2013 Debt Service Fund				
	Adopted	Actual	Projected	Total	Proposed	
	Budget	Thru	Next 7	Thru	Budget	
	FY2022	2/28/22	Months	9/30/22	FY2023	

Revenues						
Special Assessments - Tax Roll	$746,885	$679,223	$67,662	$746,885	$746,885	
Interest Income	$200	$52	$60	$112	$100	
Carry Forward Surplus	$430,943	$436,388	$0	$436,388	$450,210	
Total Revenues	$1,178,028	$1,115,663	$67,722	$1,183,385	$1,197,195	

Expenses						
Interest - 11/1	$246,588	$246,588	$0	$246,588	$239,988	
Principal - 5/1	$240,000	$0	$240,000	$240,000	$255,000	
Interest - 5/1	$246,588	$0	$246,588	$246,588	$239,988	
Total Expenditures	$733,175	$246,588	$486,588	$733,175	$734,975	
						
Excess Revenues/(Expenditures)	$444,853	$869,076	($418,866)	$450,210	$462,220	
				
Interest - 11/1/2023	
	$232,975 	
				Total		$232,975 	
				
Net Assessment	
$746,885	
				Collection Cost (6%)	$47,674	
				Gross Assessment	$794,558	
						
		Property Type	Platted Units	Gross Per Unit	Gross Total	
		Apartment	304	$150	$45,600	
		Condo **	162	$990	$160,312	
		Single Family 50'	207	$1,406	$291,094	
		Single Family 60'	197	1510.42	$297,553	
		Total	870		$794,558	

**6 Condo units have prepaid their debt service assessment

Stoneybrook South Community Development District Series 2013, Special Assessment Revenue Refunding Bonds
(Term Bonds Combined)

Amortization Schedule

Date	Balance	Principal	Interest	Annual

5/1/22	$  7,705,000	$	240,000	$	246,587.50	$	-	
11/1/22	$  7,465,000	$	-	$	239,987.50	$	726,575.00	
5/1/23	$  7,465,000	$	255,000	$	239,987.50	$	-	
11/1/23	$  7,210,000	$	-	$	232,975.00	$	727,962.50	
5/1/24	$  7,210,000	$	270,000	$	232,975.00	$	-	
11/1/24	$  6,940,000	$	-	$	225,550.00	$	728,525.00	
5/1/25	$  6,940,000	$	285,000	$	225,550.00	$	-	
11/1/25	$  6,655,000	$	-	$	216,287.50	$	726,837.50	
5/1/26	$  6,655,000	$	300,000	$	216,287.50	$	-	
11/1/26	$  6,355,000	$	-	$	206,537.50	$	722,825.00	
5/1/27	$  6,355,000	$	320,000	$	206,537.50	$	-	
11/1/27	$  6,035,000	$	-	$	196,137.50	$	722,675.00	
5/1/28	$  6,035,000	$	345,000	$	196,137.50	$	-	
11/1/28	$  5,690,000	$	-	$	184,925.00	$	726,062.50	
5/1/29	$  5,690,000	$	365,000	$	184,925.00	$	-	
11/1/29	$  5,325,000	$	-	$	173,062.50	$	722,987.50	
5/1/30	$  5,325,000	$	390,000	$	173,062.50	$	-	
11/1/30	$  4,935,000	$	-	$	160,387.50	$	723,450.00	
5/1/31	$  4,935,000	$	420,000	$	160,387.50	$	-	
11/1/31	$  4,515,000	$	-	$	146,737.50	$	727,125.00	
5/1/32	$  4,515,000	$	445,000	$	146,737.50	$	-	
11/1/32	$  4,070,000	$	-	$	132,275.00	$	724,012.50	
5/1/33	$  4,070,000	$	475,000	$	132,275.00	$	-	
11/1/33	$  3,595,000	$	-	$	116,837.50	$	724,112.50	
5/1/34	$  3,595,000	$	505,000	$	116,837.50	$	-	
11/1/34	$  3,090,000	$	-	$	100,425.00	$	722,262.50	
5/1/35	$  3,090,000	$	540,000	$	100,425.00	$	-	
11/1/35	$  2,550,000	$	-	$	82,875.00	$	723,300.00	
5/1/36	$  2,550,000	$	580,000	$	82,875.00	$	-	
11/1/36	$  1,970,000	$	-	$	64,025.00	$	726,900.00	
5/1/37	$  1,970,000	$	615,000	$	64,025.00	$	-	
11/1/37	$  1,355,000	$	-	$	44,037.50	$	723,062.50	
5/1/38	$  1,355,000	$	655,000	$	44,037.50	$	-	
11/1/38	$	700,000	$	-	$	22,750.00	$	721,787.50	
5/1/39	$	700,000	$	700,000	$	22,750.00	$	722,750.00	
Totals	$	7,705,000	$	5,338,213	$ 13,043,212.50	

Stoneybrook South
Community Development District

		Fiscal Year 2023
Series 2014 Debt Service Fund		
	Adopted Budget
FY2022	Actual Thru
2/28/22	Projected Next 7
Months	Total Thru
9/30/22	Proposed Budget
FY2023	

Revenues						
Special Assessments - Tax Roll	$1,040,511	$946,249	$94,262	$1,040,511	$1,040,511	
Interest Income	$250	$63	$62	$125	$125	
Carry Forward Surplus	$987,070	$994,694	$0	$994,694	$1,044,086	
Total Revenues	$2,027,831	$1,941,006	$94,324	$2,035,329	$2,084,722	

Expenses						
Interest - 11/1	$351,625	$351,625	$0	$351,625	$344,619	
Principal - 11/1	$295,000	$295,000	$0	$295,000	$310,000	
Interest - 5/1	$344,619	$0	$344,619	$344,619	$337,256	
Total Expenditures	$991,244	$646,625	$344,619	$991,244	$991,875	
						
Excess Revenues/(Expenditures)	$1,036,587	$1,294,381	($250,295)	$1,044,086	$1,092,847	
				
Principal - 11/1/2023	
$325,000	
				Interest - 11/1/2023		$337,256 	
				Total		$662,256 	
				
Net Assessment	
$1,040,511	
				Collection Cost (6%)	$66,416	
				Gross Assessment	$1,106,927	
						
		Property Type	Platted Units	Gross Per Unit	Gross Total	
		Townhome	181	$1,094	$197,969	
		Single Family 40"	82	$1,302	$106,771	
		Single Family 50"	491	$1,406	$690,469	
		Single Family 80"	65	1718.75	$111,719	
		Total	819		$1,106,927	

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

al

Interest

Annual

Date	Balance	Princip	
5/1/22	$ 12,970,000	$	
11/1/22	$ 12,970,000	$	310	
5/1/23	$ 12,660,000	$	
11/1/23	$ 12,660,000	$	325	
5/1/24	$ 12,335,000	$	
11/1/24	$ 12,335,000	$	340	
5/1/25	$ 11,995,000	$	
11/1/25	$ 11,995,000	$	355	
5/1/26	$ 11,640,000	$	
11/1/26	$ 11,640,000	$	370	
5/1/27	$ 11,270,000	$	
11/1/27	$ 11,270,000	$	390	
5/1/28	$ 10,880,000	$	
11/1/28	$ 10,880,000	$	410	
5/1/29	$ 10,470,000	$	
11/1/29	$ 10,470,000	$	430	
5/1/30	$ 10,040,000	$	
11/1/30	$ 10,040,000	$	455	

(Term Bonds Combined) Amortization Schedule

$	344,618.75	$	-	
$	344,618.75	$	999,237.50	
$	337,256.25	$	-	
$	337,256.25	$	999,512.50	
$	329,537.50	$	-	
$	329,537.50	$	999,075.00	
$	321,462.50	$	-	
$	321,462.50	$	997,925.00	
$	312,365.63	$	-	
$	312,365.63	$	994,731.25	
$	302,884.38	$	-	
$	302,884.38	$	995,768.75	
$	292,890.63	$	-	
$	292,890.63	$	995,781.25	
$	282,384.38	$	-	
$	282,384.38	$	994,768.75	
$	271,365.63	$	-	
$	271,365.63	$	997,731.25	
$	259,706.25	$	-	
$	259,706.25	$	999,412.50	
$	247,406.25	$	-	
$	247,406.25	$	999,812.50	
$	234,465.63	$	-	
$	234,465.63	$	998,931.25	
$	220,884.38	$	-	
$	220,884.38	$	996,768.75	
$	206,662.50	$	-	
$	206,662.50	$	998,325.00	
$	190,575.00	$	-	
$	190,575.00	$	996,150.00	
$	173,662.50	$	-	
$	173,662.50	$	997,325.00	
$	155,787.50	$	-	
$	155,787.50	$	996,575.00	
$	136,950.00	$	-	
$	136,950.00	$	998,900.00	
$	117,012.50	$	-	
$	117,012.50	$	994,025.00	
$	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	

-

,000
-

,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000

5/1/31	$ 9,585,000	$	
11/1/31	$ 9,585,000	$	480	
5/1/32	$ 9,105,000	$	
11/1/32	$ 9,105,000	$	505	
5/1/33	$ 8,600,000	$	
11/1/33	$ 8,600,000	$	530	
5/1/34	$ 8,070,000	$	
11/1/34	$ 8,070,000	$	555	
5/1/35	$ 7,515,000	$	
11/1/35	$ 7,515,000	$	585	
5/1/36	$ 6,930,000	$	
11/1/36	$ 6,930,000	$	615	
5/1/37	$ 6,315,000	$	
11/1/37	$ 6,315,000	$	650	
5/1/38	$ 5,665,000	$	
11/1/38	$ 5,665,000	$	685	
5/1/39	$ 4,980,000	$	
11/1/39	$ 4,980,000	$	725	
5/1/40	$ 4,255,000	$	
11/1/40	$ 4,255,000	$	760	
5/1/41	$ 3,495,000	$	
11/1/41	$ 3,495,000	$	805	
5/1/42	$ 2,690,000	$	
11/1/42	$ 2,690,000	$	850	
5/1/43	$ 1,840,000	$	
11/1/43	$ 1,840,000	$	895	
5/1/44	$	945,000	$	
11/1/44

Totals	$	945,000	$	945

$	12,970	

-
,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000
-
,000

,000	$

9,969,106	$ 22,939,106.25