Meadow View @ Twin Creeks Community Development District
Approved Budget

FY 2020

June 20, 2019

Meadowview at Twin Creeks Community Development District

TABLE OF CONTENTS

Summary  Revenues and Expenditures	Page 1-2 Narrative  –  Administrative  and Maintenance	Page 3-9 Assessment Chart	Page 10
2016  Debt Service Fund	Page 11-13

2016B  Debt Service Fund	Page 14-15

2018  Debt Service Fund	Page 16-20

2019  Debt Service Fund	Page 21-24

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Approved
Budget	Changes
Increase	
Description	FY 2019	5/31/19	4 Months	9/30/19	FY 2020	(Decrease)	

Revenues							
Developer Contrib/Assessments	$941,002	$483,144	$350,839	$833,983	$1,088,441	$147,439	
Total Revenues	$941,002	$483,144	$350,839	$833,983	$1,088,441	$147,439	

Expenditures							
Administrative							
Engineering	$12,000	$13,381	$21,000	$34,381	$20,000	$8,000	
Attorney	$30,000	$25,409	$11,000	$36,409	$30,000	$0	
Annual Audit	$4,000	$0	$2,315	$2,315	$4,000	$0	
Arbitrage	$1,200	$0	$1,200	$1,200	$1,200	$0	
Assessment Roll	$0	$0	$0	$0	$5,000	$5,000	
Dissemination Agent	$5,000	$4,333	$1,667	$6,000	$7,500	$2,500	
Trustee Fee	$10,000	$11,062	$0	$11,062	$20,000	$10,000	
Management Fees	$45,000	$30,000	$15,000	$45,000	$47,250	$2,250	
Information Technology	$2,000	$1,333	$667	$2,000	$2,000	$0	
Telephone	$250	$250	$188	$438	$500	$250	
Postage	$1,000	$196	$131	$327	$500	-$500	
Insurance	$6,171	$8,988	$0	$8,988	$9,000	$2,829	
Printing & Binding	$4,000	$4,145	$1,600	$5,745	$4,000	$0	
Legal Advertising	$3,000	$705	$1,000	$1,705	$3,000	$0	
Other Current Charges	$500	$475	$100	$575	$2,500	$2,000	
Office Supplies	$500	$179	$100	$279	$500	$0	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	$0	
Administrative Expenditures	$124,796	$100,632	$55,967	$156,599	$157,125	$32,329	

AMENITY CENTER							
Utilities							
Telephone/Cable/Internet	$9,200	$2,949	$2,800	$5,749	$9,200	$0	
Electric	$55,000	$13,193	$10,800	$23,993	$40,000	($15,000)	
Water/Irrigation	$20,000	$5,657	$3,600	$9,257	$20,000	$0	
Gas	$400	$959	$800	$1,759	$1,500	$1,100	
Trash Removal	$6,000	$1,191	$800	$1,991	$6,000	$0	
Security							
Security Monitoring	$1,200	$333	$555	$888	$1,331	$131	
Access Cards	$1,000	$2,350	$500	$2,850	$3,000	$2,000	
Contracted Security	$20,000	$0	$10,000	$10,000	$20,000	$0	
Management Contracts							
Facility Management	$125,000	$15,000	$20,000	$35,000	$125,000	$0	
Pool Attendants	$48,000	$3,376	$44,624	$48,000	$48,000	$0	
Canoe Launch Attendant	$28,800	$0	$14,400	$14,400	$28,800	$0	
Snack Bar Attendant	$16,640	$0	$8,320	$8,320	$16,640	$0	
Field Mgmt / Admin	$25,000	$11,667	$6,667	$18,333	$25,000	$0	
Pool Maintenance	$30,000	$7,010	$5,460	$12,470	$30,000	$0	
Pool Chemicals	$15,000	$5,345	$5,520	$10,865	$15,000	$0	
Janitorial	$12,000	$3,885	$5,180	$9,065	$15,540	$3,540	
Facility Maintenance	$15,000	$12,290	$2,710	$15,000	$15,000	$0	

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Approved
Budget	Changes
Increase	
Description	FY 2019	5/31/19	4 Months	9/30/19	FY 2020	(Decrease)	

AMENITY CENTER CONT'
Repairs & Maintenance	

$10,000	

$4,335	

$5,665	

$10,000	

$10,000	

$0	
New Capital Projects	$0	$7,071	$4,000	$11,071	$12,000	$12,000	
Snack Bar Inventory- CGS	$0	$226	$500	$726	$1,000	$1,000	
Food Service License	$250	$697	$0	$697	$500	$250	
Rental and Leases	$0	$11,538	$9,230	$20,769	$27,691	$27,691	
Subscriptions	$0	$2,988	$6,000	$8,988	$12,000	$12,000	
Pest Control	$0	$0	$0	$0	$1,600	$1,600	
Supplies	$0	$0	$0	$0	$2,000	$2,000	
Special Events	$30,000	$5,185	$7,859	$13,044	$30,000	$0	
Holiday Decorations	$9,000	$0	$9,000	$9,000	$9,000	$0	
Fitness Center Repairs/Supplies	$0	$1,180	$0	$1,180	$2,000	$2,000	
Office Supplies	$500	$972	$1,000	$1,972	$2,000	$1,500	
ASCAP/BMI Licenses	$1,000	$0	$1,000	$1,000	$1,000	$0	
Property Insurance	$40,000	$20,845	$0	$20,845	$30,000	($10,000)	
Amenity Center Expenditures	$518,990	$140,242	$186,990	$327,232	$560,803	$41,813	

Grounds Maintenance							
Hydrology Quality/Mitigation	$6,400	$0	$0	$0	$6,400	$0	
Electric	$2,200	$4,892	$4,056	$8,948	$15,000	$12,800	
Landscape Maintenance	$125,000	$188,323	$47,126	$235,449	$187,847	$62,847	
Landscape Contingency	$5,000	$0	$5,000	$5,000	$25,000	$20,000	
Lake Maintenance	$12,000	$0	$12,000	$12,000	$12,000	$0	
Grounds Maintenance	$12,000	$0	$12,000	$12,000	$12,000	$0	
Pump Repairs	$2,500	$0	$0	$0	$5,000	$2,500	
Streetlighting	$20,000	$13,430	$7,200	$20,630	$22,000	$2,000	
Streetlight Repairs	$5,000	$0	$5,000	$5,000	$5,000	$0	
Irrigation Repairs	$7,500	$0	$7,500	$7,500	$7,500	$0	
Miscellaneous	$5,000	$775	$2,000	$2,775	$5,000	$0	
Contingency	$94,616	$5,838	$6,000	$11,838	$67,766	($26,850)	
Grounds Maintenance Expenditures	$297,216	$213,258	$107,882	$321,140	$370,513	$73,297	
							
TOTAL EXPENDITURES	$941,002	$454,132	$350,839	$804,971	$1,088,441	$147,439	
							
Excess Revenues/ Expenditures	$0	$29,012	$0.00	$29,012	$0	$0	

GENERAL FUND BUDGET FISCAL YEAR 2020

REVENUES:

Developer Contributions/ Assessments

The District will enter into a Funding Agreement with the Developer to Fund the General Fund expenditures the Fiscal Year.

EXPENDITURES:

Administrative:

Engineering

The District will contract with an engineering firm to provide general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices, etc.

Attorney

The District will contract for legal counsel to provide general legal services to the District,
e.g. attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District will contract with a licensed CPA firm to prepare the annual audit.

Arbitrage

The District is required to annually have an arbitrage rebate calculation on the District’s Series 2016 A-1/A-2 Special Assessment Bonds. The District will contract with an independent certified public accounting firm to calculate the rebate liability and submit a report to the District.

Assessment Roll

The District has contracted with Governmental Management Services for the certification of the District’s annual maintenance and debt service assessments to the County Tax Collector

Dissemination Fees

The Annual Disclosure Report prepared by Prager & Co, LLC required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Trustee Fees

The District’s Series 2016 A-1/A-2 Special Assessment Bonds are held by a Trustee with US Bank. The amount represents the fee for the administration of the District’s bond issue.

Management Fees

The District will contract for Management, Accounting and Administrative services as part of a Management Agreement with management company.

Vendor	Monthly	Annually	
Governmental Management Services	$	3,750	$	47,250	

Information Technology

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

Vendor	Monthly	Annually	
Governmental Management Services	$	167	$	2,000	

Telephone

The cost of telephone and fax machine service.

Postage

The cost of mailing agenda packages, overnight deliveries, correspondence, and payments for the District.

Insurance

Represents the estimated cost for public officials and general liability insurance for the District provided by Florida Insurance Alliance.

Printing & Binding

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

Legal Advertising

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

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Miscellaneous office supplies.

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.

Amenity Center:

Telephone/Cable/Internet

The District will provide internet & cable television services for the Amenity Center through Comcast.

Electric
The cost of electric associated with the Recreation Facility provided by FPL.

Account # 	Address	Monthly	Annual	
67216-50049	840 Beacon Lake Parkway	$	3,000	$	36,000	
	Contingency	333	4,000	
		$	3,333	$	40,000	

Water/Irrigation

Water, sewer and irrigation systems cost for the district provided by St Johns County Utility Department.

Account # 	Address	 Monthly	Annual	
567190-135186	840 & 850 Beacon Lake Parkway	$	689	$	8,268	
	Contingency for New Accounts	978	11,732	
		$	1,667	$	20,000	

Gas

The District has contracted with TECO and Florida Natural Gas to provide propane delivery for amenity center use.

Trash Removal

Cost of garbage disposal service will be provided by Republic Services for the District.

Security Monitoring

The District contracted with Atlantic Companies for security monitoring for the Amenity Center.

Access Cards

Represents the estimated cost for access cards purchased by the District’s Amenity Center.

Contracted Security

Represents the annual cost for private security services.

Facility Management

Cost to provide management services for the Amenity Center.

Pool Attendants

The District has contracted with Riverside Management Services, Inc. to provide pool lifeguards/or pool attendants during the operating season for the pool.

Canoe Launch Attendant

The District has contracted with Riverside Management Services, Inc. to provide canoe launch attendants during the operating season.

Snack Bar Attendant

The District has contracted with Riverside Management Services, Inc. to provide snack bar attendants during the operating season.

Field Management and Admin

The District will contract Riverside Management Services, Inc. for onsite field management of contracts for District Services such as landscaping, amenity & pool facilities, lake maintenance, etc.

Pool Maintenance

The estimated amount based on proposed contract with Riverside Management Services, Inc. to provide maintenance of the Amenity Center swimming pool.

Pool Chemicals

The estimated amount based on proposed contract with vendor to provide chemicals to maintain the Amenity Center swimming pool.

Janitorial

The estimated amount based on proposed contract with Riverside Management Services, Inc. to provide janitorial services for the Amenity Center.

Facility Maintenance

The estimated amount based on proposed contract with vendor to provide routine repairs and maintenance for the Amenity Center.

Repair & Maintenance

Regular maintenance and replacement cost incurred by the Amenity Center of the District.

New Capital Projects

The District will establish a fund for the renewal and replacement of District’s capital related facilities.

Snack Bar Inventory – CGS

Represents the estimated cost to purchase inventory for food or beverages in the event the District operates the snack bar.

Food Service License

Represents estimated annual cost to obtain licenses and permits to operate the snack bar and gourmet kitchen

Rental & Leases

Monthly fitness room lease payment to Municipal Asset Management in the amount of
$2,307.62

Subscriptions

All annual subscriptions to include but not limited to Department of Economic Opportunity, Wellbeats, computer software, etc.

Pest Control

The District will contract for pest control services for amenity center.

Supplies

Represents the District expenses for amenity supplies purchased for the amenity center.

Special Events

Represents estimated costs for the District to host special events for the community throughout the Fiscal Year.

Holiday Decorations

Represents estimated costs for the District to decorate the amenity center throughout the Fiscal Year.

Fitness Center Repairs/Supplies

Represents estimated costs for the Fitness Center repairs of equipment, purchase of supplies, and preventative maintenance contract.

Office Supplies

Represents estimated cost for office supplies for the Amenity Center.

ASCAP/BMI Licenses

License fee required to broadcast music to the amenity center.

Insurance

The District's Property insurance policy is with Florida Insurance Alliance. FIA specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity Center.

Grounds Maintenance:

Hydrology Quality/Mitigation

Cost to preserve beneficial aquatic plants in the wetland mitigation area and control nuisance and exotic pest plant populations.

Electric

Electric cost billed to district by FPL for common area electric.

Account # 	Address	Monthly	Annual	
51650-60509	45 Beacon Lake Pkwy # Pump	$	60	$	720	
17096-40500	44 Beacon Lake Pkwy # Pump	460	5,520	
08979-60506	333 Beacon Lake Pkwy # Pump	200	2,400	
70640-86478	550 Beacon Lake Pkwy #FNTN	350	4,200	
	Contingency	180	2,160	
		$	1,250	$	15,000	

Landscape Maintenance

Cost to maintain the common areas and amenity center of the District contracted with Yellowstone Landscape.

Landscape Contingency

Other landscape costs that is not under contract which includes landscape light repairs and replacements.

Lake Maintenance

Cost for the maintenance of District lakes based on a contract.

Grounds Maintenance

Contracted staff for repairs and trash pick-up on District owned property.

Pump Repairs

Provision for pool pump repair or replacements as needed.

Streetlighting

FPL provides the District street lighting cost for the community. The amount is based upon the agreement plus estimated cost for fuel charges.

Account # 	Address	Monthly	Annual	
11082-69190	200 Twin Creeks Dr - SL	$	1,800	$	21,600	
	Contingency	33	400	
		$	1,833	$	22,000	

Streetlight Repairs

Estimated costs for street lighting and parking lot repairs and replacements.

Irrigation Repairs

Miscellaneous irrigation repairs and maintenance cost for the District.

Miscellaneous

Any unanticipated and unscheduled maintenance cost to the District.

Contingency

A contingency for any unanticipated and unscheduled cost to the District.

Meadow View at Twin Creek Community Development District Assessment Chart

Operation and Maintenance Assessment

Product

Number of
Planned Units   ERU Factor   Total ERU's	% ERU	Net Annual Gross Annual Net Per Unit Gross Per Unit

TH	196	0.8	156.80	11%	$103,689	$110,307	$529	$563
43' lots	573	0.9	515.70	36%	$341,022	$362,790	$595	$633
53' lots	387	1	387.00	27%	$255,916	$272,251	$661	$703
63' lots	172	1.1	189.20	13%	$125,114	$133,100	$727	$774
73' lots	66	1.15	75.90	5%	$50,191	$53,395	$760	$809
90' lots	82	1.2	98.40	7%	$65,070	$69,223	$794	$844
Total	1476	1,423	100%	$941,002	$1,001,066

Phase I

Product	Units

Net Per Unit

Gross Per
Unit	Net Annual Gross Annual

TH	0	$529	$563	$0	$0
43	86	$596	$633	$51,295	$54,450
53	111	$663	$703	$73,562	$78,087
63	65	$729	$774	$47,384	$50,300
73	40	$762	$809	$30,485	$32,361
90	0	$794	$844	$0	$0
Total	302	$202,726	$215,198

Debt Service Assessments

Phase I - Series 2016A-1 Bonds

Product	
Units	Net Per Unit	Gross Per Unit	
Net Annual	
Gross Annual	
TH	0	$0	$0	$0	$0	
43	86	$1,304	$1,387	$112,144	$119,302	
53	111	$1,449	$1,541	$160,839	$171,105	
63	65	$1,594	$1,696	$103,610	$110,223	
73	40	$1,667	$1,773	$66,680	$70,936	
90	0	$0	$0	$0	$0	
Total	302			$443,273	$471,567	

Phase I - Series 2016A-2 Bonds

Product	
Units	Net Per Unit	Gross Per Unit	
Net Annual	
Gross Annual	
TH	0	$0	$0	$0	$0	
43	86	$1,123	$1,195	$96,578	$102,743	
53	111	$1,247	$1,327	$138,417	$147,252	
63	65	$1,372	$1,460	$89,180	$94,872	
73	40	$1,435	$1,527	$57,400	$61,064	
90	0	$0	$0	$0	$0	
Total	302			$381,575	$405,931	

Phases 2 thru 4 - Series 2016B Bonds

Product	
Units	Net Per Unit	Gross Per Unit	
Net Annual	
Gross Annual	
TH	196	$404	$430	$79,184	$84,238	
43	487	$455	$484	$221,585	$235,729	
53	276	$505	$537	$139,380	$148,277	
63	107	$556	$591	$59,492	$63,289	
73	26	$581	$618	$15,106	$16,070	
90	82	$606	$645	$49,692	$52,864	
Total	1174			$564,439	$600,467	

Meadow View at Twin Creek
Community Development District

Debt Service Fund
Series 2016 A1 - A2

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Approved
Budget	
 Description		FY 2019	5/31/19	4 Months	9/30/19	FY 2020	

Revenues						
Special Assessments 2016-A1	$443,376	$394,853	$48,523	$443,376	$443,376	
Special Assessments 2016-A2	$229,350	$120,571	$26,535	$147,106	$0	
Special Assessments - Prepayments	$0	$1,572,565	$0	$1,572,565	$0	
Interest Income	$600	$2,623	$1,200	$3,823	$1,000	
Carry Forward Surplus	$0	1,827,032	$0	$1,827,032	$230,006	
     TOTAL REVENUES		$673,326	$3,917,643	$76,258	$3,993,901	$674,382	

Expenditures						
Series 2016 A1 Interest - 11/01	

$169,125	

$169,125	

$0	

$169,125	

$166,763	
Interest - 05/01	$169,125	$169,125	$0	$169,125	$166,763	
Principal - 05/01	$105,000	$105,000	$0	$105,000	$110,000	
Series 2016 A2 Interest - 11/01	

$92,510	

$92,510	

$0	

$92,510	

$0	
Prepayment - 11/1	$0	$1,475,000	$0	$1,475,000	$0	
Interst - 2/1	$0	$11,600	$0	$11,600	$0	
Prepayment - 2/1	$0	$800,000	$0	$800,000	$0	
Interest - 05/01	$92,510	$26,535	$0	$26,535	$0	
Prepayments - 05/01	$0	$890,000	$0	$890,000	$0	
Principal - 05/01	$45,000	$25,000	$0	$25,000	$0	

     TOTAL  EXPENDITURES		$673,270	$3,763,895	$0	$3,763,895	$443,525

EXCESS REVENUES	$56	$153,748	$76,258	$230,006	$230,857

November 1, 2020 - Series 2016A-1	$164,288

DATE

BALANCE

PRINCIPAL

INTEREST

TOTAL

11/1/19	$	6,435,000.00		$	166,762.50	$	440,887.50	
5/1/20	$	6,435,000.00	$ 110,000.00	$	166,762.50		
11/1/20	$	6,325,000.00		$	164,287.50	$	441,050.00	
5/1/21	$	6,325,000.00	$ 115,000.00	$	164,287.50		
11/1/21	$	6,210,000.00		$	161,700.00	$	440,987.50	
5/1/22	$	6,210,000.00	$ 120,000.00	$	161,700.00		
11/1/22	$	6,090,000.00		$	159,000.00	$	440,700.00	
5/1/23	$	6,090,000.00	$ 125,000.00	$	159,000.00		
11/1/23	$	5,965,000.00		$	156,187.50	$	440,187.50	
5/1/24	$	5,965,000.00	$ 130,000.00	$	156,187.50		
11/1/24	$	5,835,000.00		$	153,262.50	$	439,450.00	
5/1/25	$	5,835,000.00	$ 140,000.00	$	153,262.50		
11/1/25	$	5,695,000.00		$	150,112.50	$	443,375.00	
5/1/26	$	5,695,000.00	$ 145,000.00	$	150,112.50		
11/1/26	$	5,550,000.00		$	146,850.00	$	441,962.50	
5/1/27	$	5,550,000.00	$ 150,000.00	$	146,850.00		
11/1/27	$	5,400,000.00		$	143,475.00	$	440,325.00	
5/1/28	$	5,400,000.00	$ 160,000.00	$	93,225.00		
11/1/28	$	5,240,000.00		$	93,225.00	$	346,450.00	
5/1/29	$	5,240,000.00	$ 165,000.00	$	93,225.00		
11/1/29	$	5,075,000.00		$	93,225.00	$	351,450.00	
5/1/30	$	5,075,000.00	$ 175,000.00	$	93,225.00		
11/1/30	$	4,900,000.00		$	93,225.00	$	361,450.00	
5/1/31	$	4,900,000.00	$ 185,000.00	$	93,225.00		
11/1/31	$	4,715,000.00		$	93,225.00	$	371,450.00	
5/1/32	$	4,715,000.00	$ 195,000.00	$	93,225.00		
11/1/32	$	4,520,000.00		$	93,225.00	$	381,450.00	
5/1/33	$	4,520,000.00	$ 205,000.00	$	93,225.00		
11/1/33	$	4,315,000.00		$	93,225.00	$	391,450.00	
5/1/34	$	4,315,000.00	$ 215,000.00	$	93,225.00		
11/1/34	$	4,100,000.00		$	93,225.00	$	401,450.00	
5/1/35	$	4,100,000.00	$ 225,000.00	$	93,225.00		

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
11/1/35	$	3,875,000.00		$	93,225.00	$	411,450.00	
5/1/36	$	3,875,000.00	$ 235,000.00	$	93,225.00		
11/1/36	$	3,640,000.00		$	93,225.00	$	421,450.00	
5/1/37	$	3,640,000.00	$ 250,000.00	$	93,225.00		
11/1/37	$	3,390,000.00		$	93,225.00	$	436,450.00	
5/1/38	$	3,390,000.00	$ 260,000.00	$	93,225.00		
11/1/38	$	3,130,000.00		$	86,075.00	$	439,300.00	
5/1/39	$	3,130,000.00	$ 275,000.00	$	86,075.00		
11/1/39	$	2,855,000.00		$	78,512.50	$	439,587.50	
5/1/40	$	2,855,000.00	$ 290,000.00	$	78,512.50		
11/1/40	$	2,565,000.00		$	70,537.50	$	439,050.00	
5/1/41	$	2,565,000.00	$ 310,000.00	$	70,537.50		
11/1/41	$	2,255,000.00		$	62,012.50	$	442,550.00	
5/1/42	$	2,255,000.00	$ 325,000.00	$	62,012.50		
11/1/42	$	1,930,000.00		$	53,075.00	$	440,087.50	
5/1/43	$	1,930,000.00	$ 345,000.00	$	53,075.00		
11/1/43	$	1,585,000.00		$	43,587.50	$	441,662.50	
5/1/44	$	1,585,000.00	$ 365,000.00	$	43,587.50		
11/1/44	$	1,220,000.00		$	33,550.00	$	442,137.50	
5/1/45	$	1,220,000.00	$ 385,000.00	$	33,550.00		
11/1/45	$	835,000.00		$	22,962.50	$	441,512.50	
5/1/46	$	835,000.00	$ 405,000.00	$	22,962.50		
11/1/46	$	430,000.00		$	11,825.00	$	439,787.50	
5/1/47	$	430,000.00	$ 430,000.00	$	11,825.00	$	441,825.00	
$ 6,435,000.00	$	5,541,800.00	$	12,250,925.00	

Meadow View at  Twin Creek	Debt Service Fund Community Development District		Series 2016 B

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Approved
Budget	
 Description			FY 2019	5/31/19	4 Months	9/30/19	FY 2020	

Revenues							
Special Assessments		$564,300	$137,400	$137,400	$274,800	$274,800	
Interest Income		$600	$1,907	$260	$2,167	$600	
Prepayments		$0	$4,883,578	$0	$4,883,578	$0	
Carry Forward Surplus		$0	$282,889	$0	$282,889	$139,566	
     TOTAL REVENUES			$564,900	$5,305,773	$137,660	$5,443,433	$414,966	

Expenditures							
Series 2016 B Interest - 11/01		

$282,150	

$282,150	

$0	

$282,150	

$	137,400	
Prepayment - 12/15		$0	$3,400,000	$0	$3,400,000	$0	
Interest - 12/15		$0	$26,067	$0	$26,067	$0	
Prepayment - 3/21		$0	$1,425,000	$0	$1,425,000	$0	
Interest - 3/21		$0	$33,250	$0	$33,250	$0	
Interest - 05/01		$282,150	$137,400	$0	$137,400	$	137,400	

     TOTAL  EXPENDITURES		$564,300	$5,303,867	$0	$5,303,867	$274,800

EXCESS REVENUES	$600	$1,906	$137,660	$139,566	$140,166

November 1, 2020 - Series 2016B	$137,400

Meadowview at Twin Creeks
Community Development District
Series 2016B Special Assessment Bonds

AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL  INTEREST	TOTAL

11/01/19	$ 4,580,000.00	6.000%		$	137,400.00	$	274,800.00	
05/01/20	$ 4,580,000.00	6.000%		$	137,400.00		
11/01/20	$ 4,580,000.00	6.000%		$	137,400.00	$	274,800.00	
05/01/21	$ 4,580,000.00	6.000%		$	137,400.00		
11/01/21	$ 4,580,000.00	6.000%		$	137,400.00	$	274,800.00	
05/01/22	$ 4,580,000.00	6.000%		$	137,400.00		
11/01/22	$ 4,580,000.00	6.000%		$	137,400.00	$	274,800.00	
05/01/23	$ 4,580,000.00	6.000%		$	137,400.00		
11/01/23	$ 4,580,000.00	6.000%		$	137,400.00	$	274,800.00	
05/01/24	$ 4,580,000.00	6.000%		$	137,400.00		
11/01/24	$ 4,580,000.00	6.000%		$	137,400.00	$	274,800.00	
05/01/25	$ 4,580,000.00	6.000%		$	137,400.00		
11/01/25	$ 4,580,000.00	6.000%		$	137,400.00	$	274,800.00	
05/01/26	$ 4,580,000.00	6.000%		$	137,400.00		
11/01/26	$ 4,580,000.00	6.000%	$ 4,580,000.00	$	137,400.00	$	274,800.00	
$ 4,580,000.00	$ 2,061,000.00	$ 2,198,400.00	

Meadow View at Twin Creek
Community Development District

Debt Service Fund
Series 2018 A1 - A2

	Proposed
Budget	Actual
Thru	Projected
Next	Total
Projected	Approved
Budget	
 Description			FY 2019	5/31/19	4 Months	9/30/19	FY 2020	

Revenues							
Bond Proceeds		$1,199,623	$1,199,623	$0	$1,199,623	$0	
Special Assessments 2018-A1		$0	$0	$0	$0	$612,550	
Special Assessments 2018-A2		$0	$0	$0	$0	$520,960	
Interest Income		$2,000	$1,608	$1,000	$2,608	$1,500	
Carry Forward Surplus		$0	$0	$0	$0	$453,126	
     TOTAL REVENUES			$1,201,623	$1,201,231	$1,000	$1,202,231	$1,588,136	

Expenditures							
Series 2018 A1 Interest - 11/01		

$0	

$0	

$0	

$0	

$241,425	
Interest - 05/01		$217,283	$217,283	$0	$217,283	$241,425	
Principal - 05/01		$0	$0	$0	$0	$130,000	
Series 2018 A2 Interest - 11/01		

$0	

$0	

$0	

$0	

$210,980	
Interest - 05/01		$189,882	$189,882	$0	$189,882	$210,980	
Principal - 05/01		$0	$0	$0	$0	$100,000	
     TOTAL EXPENDITURES			$407,165	$407,165	$0	$407,165	$1,134,810	
							
EXCESS REVENUES		$794,459	$794,066	$1,000	$795,066	$453,326	

November 1, 2020 - Series 2018A-1	
$238,663	
November 1, 2020 - Series 2018A-2	 	$208,180 	
Total	 	$446,843 	

DATE

BALANCE

RATE

PRINCIPAL	INTEREST

TOTAL

11/1/19	$	8,955,000.00		$	241,425.00	$	458,707.50	
5/1/20	$	8,955,000.00	$	130,000.00	$	241,425.00		
11/1/20	$	8,825,000.00		$	238,662.50	$	610,087.50	
5/1/21	$	8,825,000.00	$	135,000.00	$	238,662.50		
11/1/21	$	8,690,000.00		$	235,793.75	$	609,456.25	
5/1/22	$	8,690,000.00	$	140,000.00	$	235,793.75		
11/1/22	$	8,550,000.00		$	232,818.75	$	608,612.50	
5/1/23	$	8,550,000.00	$	150,000.00	$	232,818.75		
11/1/23	$	8,400,000.00		$	229,631.25	$	612,450.00	
5/1/24	$	8,400,000.00	$	155,000.00	$	229,631.25		
11/1/24	$	8,245,000.00		$	226,337.50	$	610,968.75	
5/1/25	$	8,245,000.00	$	160,000.00	$	226,337.50		
11/1/25	$	8,085,000.00		$	222,337.50	$	608,675.00	
5/1/26	$	8,085,000.00	$	170,000.00	$	222,337.50		
11/1/26	$	7,915,000.00		$	218,087.50	$	610,425.00	
5/1/27	$	7,915,000.00	$	180,000.00	$	218,087.50		
11/1/27	$	7,735,000.00		$	213,587.50	$	611,675.00	
5/1/28	$	7,735,000.00	$	185,000.00	$	213,587.50		
11/1/28	$	7,550,000.00		$	208,962.50	$	607,550.00	
5/1/29	$	7,550,000.00	$	195,000.00	$	208,962.50		
11/1/29	$	7,355,000.00		$	204,087.50	$	608,050.00	
5/1/30	$	7,355,000.00	$	205,000.00	$	204,087.50		
11/1/30	$	7,150,000.00		$	198,962.50	$	608,050.00	
5/1/31	$	7,150,000.00	$	220,000.00	$	198,962.50		
11/1/31	$	6,930,000.00		$	192,912.50	$	611,875.00	
5/1/32	$	6,930,000.00	$	230,000.00	$	192,912.50		
11/1/32	$	6,700,000.00		$	186,587.50	$	609,500.00	
5/1/33	$	6,700,000.00	$	245,000.00	$	186,587.50		
11/1/33	$	6,455,000.00		$	179,850.00	$	611,437.50	
5/1/34	$	6,455,000.00	$	260,000.00	$	179,850.00		
11/1/34	$	6,195,000.00		$	172,700.00	$	612,550.00	
5/1/35	$	6,195,000.00	$	270,000.00	$	172,700.00		

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
11/1/35	$	5,925,000.00			$	165,275.00	$	607,975.00	
5/1/36	$	5,925,000.00		$	285,000.00	$	165,275.00		
11/1/36	$	5,640,000.00			$	157,437.50	$	607,712.50	
5/1/37	$	5,640,000.00		$	305,000.00	$	157,437.50		
11/1/37	$	5,335,000.00			$	149,050.00	$	611,487.50	
5/1/38	$	5,335,000.00		$	320,000.00	$	149,050.00		
11/1/38	$	5,015,000.00			$	140,250.00	$	609,300.00	
5/1/39	$	5,015,000.00		$	340,000.00	$	140,250.00		
11/1/39	$	4,675,000.00			$	130,900.00	$	611,150.00	
5/1/40	$	4,675,000.00		$	360,000.00	$	130,900.00		
11/1/40	$	4,315,000.00			$	120,820.00	$	611,720.00	
5/1/41	$	4,315,000.00		$	380,000.00	$	120,820.00		
11/1/41	$	3,935,000.00			$	110,180.00	$	611,000.00	
5/1/42	$	3,935,000.00		$	400,000.00	$	110,180.00		
11/1/42	$	3,535,000.00			$	98,980.00	$	609,160.00	
5/1/43	$	3,535,000.00		$	425,000.00	$	98,980.00		
11/1/43	$	3,110,000.00			$	87,080.00	$	611,060.00	
5/1/44	$	3,110,000.00		$	450,000.00	$	87,080.00		
11/1/44	$	2,660,000.00			$	74,480.00	$	611,560.00	
5/1/45	$	2,660,000.00		$	475,000.00	$	74,480.00		
11/1/45	$	2,185,000.00			$	61,180.00	$	610,660.00	
5/1/46	$	2,185,000.00		$	500,000.00	$	61,180.00		
11/1/46	$	1,685,000.00			$	47,180.00	$	608,360.00	
5/1/47	$	1,685,000.00		$	530,000.00	$	47,180.00		
11/1/47	$	1,155,000.00			$	32,340.00	$	609,520.00	
5/1/48	$	1,155,000.00		$	560,000.00	$	32,340.00		
11/1/48	$	595,000.00			$	16,660.00	$	609,000.00	
5/1/49	$	595,000.00		$	595,000.00	$	16,660.00	$	611,660.00	
			$ 8,955,000.00	$	9,589,112.50	$	18,761,395.00	

AMORTIZATION SCHEDULE

DATE	BALANCE

RATE	PRINCIPAL	INTEREST

TOTAL

11/01/19	$	7,535,000.00	5.600%		$	210,980.00	$	421,960.00	
05/01/20	$	7,535,000.00	5.600%	$	100,000.00	$	210,980.00		
11/01/20	$	7,435,000.00	5.600%		$	208,180.00	$	519,160.00	
05/01/21	$	7,435,000.00	5.600%	$	105,000.00	$	208,180.00		
11/01/21	$	7,330,000.00	5.600%		$	205,240.00	$	518,420.00	
05/01/22	$	7,330,000.00	5.600%	$	110,000.00	$	205,240.00		
11/01/22	$	7,220,000.00	5.600%		$	202,160.00	$	517,400.00	
05/01/23	$	7,220,000.00	5.600%	$	120,000.00	$	202,160.00		
11/01/23	$	7,100,000.00	5.600%		$	198,800.00	$	520,960.00	
05/01/24	$	7,100,000.00	5.600%	$	125,000.00	$	198,800.00		
11/01/24	$	6,975,000.00	5.600%		$	195,300.00	$	519,100.00	
05/01/25	$	6,975,000.00	5.600%	$	130,000.00	$	195,300.00		
11/01/25	$	6,845,000.00	5.600%		$	191,660.00	$	516,960.00	
05/01/26	$	6,845,000.00	5.600%	$	140,000.00	$	191,660.00		
11/01/26	$	6,705,000.00	5.600%		$	187,740.00	$	519,400.00	
05/01/27	$	6,705,000.00	5.600%	$	145,000.00	$	187,740.00		
11/01/27	$	6,560,000.00	5.600%		$	183,680.00	$	516,420.00	
05/01/28	$	6,560,000.00	5.600%	$	155,000.00	$	183,680.00		
11/01/28	$	6,405,000.00	5.600%		$	179,340.00	$	518,020.00	
05/01/29	$	6,405,000.00	5.600%	$	165,000.00	$	179,340.00		
11/01/29	$	6,240,000.00	5.600%		$	174,720.00	$	519,060.00	
05/01/30	$	6,240,000.00	5.600%	$	175,000.00	$	174,720.00		
11/01/30	$	6,065,000.00	5.600%		$	169,820.00	$	519,540.00	
05/01/31	$	6,065,000.00	5.600%	$	185,000.00	$	169,820.00		
11/01/31	$	5,880,000.00	5.600%		$	164,640.00	$	519,460.00	
05/01/32	$	5,880,000.00	5.600%	$	195,000.00	$	164,640.00		
11/01/32	$	5,685,000.00	5.600%		$	159,180.00	$	518,820.00	
05/01/33	$	5,685,000.00	5.600%	$	205,000.00	$	159,180.00		
11/01/33	$	5,480,000.00	5.600%		$	153,440.00	$	517,620.00	
05/01/34	$	5,480,000.00	5.600%	$	220,000.00	$	153,440.00		
11/01/34	$	5,260,000.00	5.600%		$	147,280.00	$	520,720.00	
05/01/35	$	5,260,000.00	5.600%	$	230,000.00	$	147,280.00		

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
11/01/35	$	5,030,000.00	5.600%		$	140,840.00	$	518,120.00	
05/01/36	$	5,030,000.00	5.600%	$	245,000.00	$	140,840.00		
11/01/36	$	4,785,000.00	5.600%		$	133,980.00	$	519,820.00	
05/01/37	$	4,785,000.00	5.600%	$	260,000.00	$	133,980.00		
11/01/37	$	4,525,000.00	5.600%		$	126,700.00	$	520,680.00	
05/01/38	$	4,525,000.00	5.600%	$	270,000.00	$	126,700.00		
11/01/38	$	4,255,000.00	5.600%		$	119,140.00	$	515,840.00	
05/01/39	$	4,255,000.00	5.600%	$	290,000.00	$	119,140.00		
11/01/39	$	3,965,000.00	5.600%		$	111,020.00	$	520,160.00	
05/01/40	$	3,965,000.00	5.600%	$	305,000.00	$	111,020.00		
11/01/40	$	3,660,000.00	5.600%		$	102,480.00	$	518,500.00	
05/01/41	$	3,660,000.00	5.600%	$	320,000.00	$	102,480.00		
11/01/41	$	3,340,000.00	5.600%		$	93,520.00	$	516,000.00	
05/01/42	$	3,340,000.00	5.600%	$	340,000.00	$	93,520.00		
11/01/42	$	3,000,000.00	5.600%		$	84,000.00	$	517,520.00	
05/01/43	$	3,000,000.00	5.600%	$	360,000.00	$	84,000.00		
11/01/43	$	2,640,000.00	5.600%		$	73,920.00	$	517,920.00	
05/01/44	$	2,640,000.00	5.600%	$	380,000.00	$	73,920.00		
11/01/44	$	2,260,000.00	5.600%		$	63,280.00	$	517,200.00	
05/01/45	$	2,260,000.00	5.600%	$	405,000.00	$	63,280.00		
11/01/45	$	1,855,000.00	5.600%		$	51,940.00	$	520,220.00	
05/01/46	$	1,855,000.00	5.600%	$	425,000.00	$	51,940.00		
11/01/46	$	1,430,000.00	5.600%		$	40,040.00	$	516,980.00	
05/01/47	$	1,430,000.00	5.600%	$	450,000.00	$	40,040.00		
11/01/47	$	980,000.00	5.600%		$	27,440.00	$	517,480.00	
05/01/48	$	980,000.00	5.600%	$	475,000.00	$	27,440.00		
11/01/48	$	505,000.00	5.600%		$	14,140.00	$	516,580.00	
05/01/49	$	505,000.00	5.600%	$	505,000.00	$	14,140.00	$	519,140.00	
			$	7,535,000.00	$	8,229,200.00	$	15,975,180.00	

Meadow View at Twin Creek
Community Development District

Debt Service Fund
Series 2019 A1 - A2

	Proposed
Budget	Actual
Thru	Projected
Next	Total
Projected	Approved
Budget	
 Description			FY 2019	5/31/19	4 Months	9/30/19	FY 2020	

Revenues							
Bond Proceeds		$489,702	$489,702	$0	$489,702	$0	
Special Assessments 2019-A1		$0	$0	$0	$0	$257,360	
Special Assessments 2019-A2		$0	$0	$0	$0	$315,630	
Interest Income		$100	$262	$460	$722	$500	
Cary Forward Surplus		$0	$0	$0	$0	$232,540	
     TOTAL REVENUES			$489,802	$489,964	$460	$490,424	$806,030	

Expenditures							
Series 2019 A1 Interest - 11/01		

$0	

$0	

$0	

$0	

$103,490	
Interest - 05/01		$37,946	$37,946	$37,946	$75,892	$103,490	
Principal - 05/01		$0	$0	$0	$0	$50,000	
Series 2019 A2 Interest - 11/01		

$0	

$0	

$0	

$0	

$129,050	
Interest - 05/01		$47,318	$47,318	$	47,318	$94,636	$129,050	
Principal - 05/01		$0	$0	$0	$0	$55,000	
     TOTAL EXPENDITURES			$85,264	$85,264	$85,265	$170,529	$570,080	
							
EXCESS REVENUES		$404,538	$404,700	($84,805)	$319,895	$235,950	

November 1, 2020 - Series 2019A-1	
$102,190	
November 1, 2020 - Series 2019A-2	 	$127,455 	
Total	 	$229,645 	

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL

11/1/19	$	3,660,000.00		$	103,490.00	$	141,436.33	
5/1/20	$	3,660,000.00	$	50,000.00	$	103,490.00		
11/1/20	$	3,610,000.00		$	102,190.00	$	255,680.00	
5/1/21	$	3,610,000.00	$	50,000.00	$	102,190.00		
11/1/21	$	3,560,000.00		$	100,890.00	$	253,080.00	
5/1/22	$	3,560,000.00	$	55,000.00	$	100,890.00		
11/1/22	$	3,505,000.00		$	99,460.00	$	255,350.00	
5/1/23	$	3,505,000.00	$	60,000.00	$	99,460.00		
11/1/23	$	3,445,000.00		$	97,900.00	$	257,360.00	
5/1/24	$	3,445,000.00	$	60,000.00	$	97,900.00		
11/1/24	$	3,385,000.00		$	96,340.00	$	254,240.00	
5/1/25	$	3,385,000.00	$	65,000.00	$	96,340.00		
11/1/25	$	3,320,000.00		$	94,650.00	$	255,990.00	
5/1/26	$	3,320,000.00	$	65,000.00	$	94,650.00		
11/1/26	$	3,255,000.00		$	92,960.00	$	252,610.00	
5/1/27	$	3,255,000.00	$	70,000.00	$	92,960.00		
11/1/27	$	3,185,000.00		$	91,140.00	$	254,100.00	
5/1/28	$	3,185,000.00	$	75,000.00	$	91,140.00		
11/1/28	$	3,110,000.00		$	89,190.00	$	255,330.00	
5/1/29	$	3,110,000.00	$	80,000.00	$	89,190.00		
11/1/29	$	3,030,000.00		$	87,110.00	$	256,300.00	
5/1/30	$	3,030,000.00	$	85,000.00	$	87,110.00		
11/1/30	$	2,945,000.00		$	84,900.00	$	257,010.00	
5/1/31	$	2,945,000.00	$	90,000.00	$	84,900.00		
11/1/31	$	2,855,000.00		$	82,335.00	$	257,235.00	
5/1/32	$	2,855,000.00	$	95,000.00	$	82,335.00		
11/1/32	$	2,760,000.00		$	79,627.50	$	256,962.50	
5/1/33	$	2,760,000.00	$ 100,000.00	$	79,627.50		
11/1/33	$	2,660,000.00		$	76,777.50	$	256,405.00	
5/1/34	$	2,660,000.00	$ 105,000.00	$	76,777.50		
11/1/34	$	2,555,000.00		$	73,785.00	$	255,562.50	
5/1/35	$	2,555,000.00	$ 110,000.00	$	73,785.00		

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
11/1/35	$	2,445,000.00			$	70,650.00	$	254,435.00	
5/1/36	$	2,445,000.00		$ 115,000.00	$	70,650.00		
11/1/36	$	2,330,000.00			$	67,372.50	$	253,022.50	
5/1/37	$	2,330,000.00		$ 125,000.00	$	67,372.50		
11/1/37	$	2,205,000.00			$	63,810.00	$	256,182.50	
5/1/38	$	2,205,000.00		$ 130,000.00	$	63,810.00		
11/1/38	$	2,075,000.00			$	60,105.00	$	253,915.00	
5/1/39	$	2,075,000.00		$ 140,000.00	$	60,105.00		
11/1/39	$	1,935,000.00			$	56,115.00	$	256,220.00	
5/1/40	$	1,935,000.00		$ 145,000.00	$	56,115.00		
11/1/40	$	1,790,000.00			$	51,910.00	$	253,025.00	
5/1/41	$	1,790,000.00		$ 155,000.00	$	51,910.00		
11/1/41	$	1,635,000.00			$	47,415.00	$	254,325.00	
5/1/42	$	1,635,000.00		$ 165,000.00	$	47,415.00		
11/1/42	$	1,470,000.00			$	42,630.00	$	255,045.00	
5/1/43	$	1,470,000.00		$ 175,000.00	$	42,630.00		
11/1/43	$	1,295,000.00			$	37,555.00	$	255,185.00	
5/1/44	$	1,295,000.00		$ 185,000.00	$	37,555.00		
11/1/44	$	1,110,000.00			$	32,190.00	$	254,745.00	
5/1/45	$	1,110,000.00		$ 195,000.00	$	32,190.00		
11/1/45	$	915,000.00			$	26,535.00	$	253,725.00	
5/1/46	$	915,000.00		$ 210,000.00	$	26,535.00		
11/1/46	$	705,000.00			$	20,445.00	$	256,980.00	
5/1/47	$	705,000.00		$ 220,000.00	$	20,445.00		
11/1/47	$	485,000.00			$	14,065.00	$	254,510.00	
5/1/48	$	485,000.00		$ 235,000.00	$	14,065.00		
11/1/48	$	250,000.00			$	7,250.00	$	256,315.00	
5/1/49	$	250,000.00		$ 250,000.00	$	7,250.00	$	257,250.00	
$ 3,660,000.00	$	4,101,585.00	$	7,799,531.33	

AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL

INTEREST

TOTAL

11/01/19	$4,450,000.00	5.800%		$	129,050.00	$	176,368.33	
05/01/20	$4,450,000.00	5.800%	$	55,000.00	$	129,050.00		
11/01/20	$4,395,000.00	5.800%		$	127,455.00	$	311,505.00	
05/01/21	$4,395,000.00	5.800%	$	60,000.00	$	127,455.00		
11/01/21	$4,335,000.00	5.800%		$	125,715.00	$	313,170.00	
05/01/22	$4,335,000.00	5.800%	$	65,000.00	$	125,715.00		
11/01/22	$4,270,000.00	5.800%		$	123,830.00	$	314,545.00	
05/01/23	$4,270,000.00	5.800%	$	70,000.00	$	123,830.00		
11/01/23	$4,200,000.00	5.800%		$	121,800.00	$	315,630.00	
05/01/24	$4,200,000.00	5.800%	$	70,000.00	$	121,800.00		
11/01/24	$4,130,000.00	5.800%		$	119,770.00	$	311,570.00	
05/01/25	$4,130,000.00	5.800%	$	75,000.00	$	119,770.00		
11/01/25	$4,055,000.00	5.800%		$	117,595.00	$	312,365.00	
05/01/26	$4,055,000.00	5.800%	$	80,000.00	$	117,595.00		
11/01/26	$3,975,000.00	5.800%		$	115,275.00	$	312,870.00	
05/01/27	$3,975,000.00	5.800%	$	85,000.00	$	115,275.00		
11/01/27	$3,890,000.00	5.800%		$	112,810.00	$	313,085.00	
05/01/28	$3,890,000.00	5.800%	$	90,000.00	$	112,810.00		
11/01/28	$3,800,000.00	5.800%		$	110,200.00	$	313,010.00	
05/01/29	$3,800,000.00	5.800%	$	95,000.00	$	110,200.00		
11/01/29	$3,705,000.00	5.800%		$	107,445.00	$	312,645.00	
05/01/30	$3,705,000.00	5.800%	$	100,000.00	$	107,445.00		
11/01/30	$3,605,000.00	5.800%		$	104,545.00	$	311,990.00	
05/01/31	$3,605,000.00	5.800%	$	105,000.00	$	104,545.00		
11/01/31	$3,500,000.00	5.800%		$	101,500.00	$	311,045.00	
05/01/32	$3,500,000.00	5.800%	$	115,000.00	$	101,500.00		
11/01/32	$3,385,000.00	5.800%		$	98,165.00	$	314,665.00	
05/01/33	$3,385,000.00	5.800%	$	120,000.00	$	98,165.00		
11/01/33	$3,265,000.00	5.800%		$	94,685.00	$	312,850.00	
05/01/34	$3,265,000.00	5.800%	$	130,000.00	$	94,685.00		
11/01/34	$3,135,000.00	5.800%		$	90,915.00	$	315,600.00	
05/01/35	$3,135,000.00	5.800%	$	135,000.00	$	90,915.00		

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
11/01/35	$3,000,000.00	5.800%		$	87,000.00	$	312,915.00	
05/01/36	$3,000,000.00	5.800%	$	145,000.00	$	87,000.00		
11/01/36	$2,855,000.00	5.800%		$	82,795.00	$	314,795.00	
05/01/37	$2,855,000.00	5.800%	$	150,000.00	$	82,795.00		
11/01/37	$2,705,000.00	5.800%		$	78,445.00	$	311,240.00	
05/01/38	$2,705,000.00	5.800%	$	160,000.00	$	78,445.00		
11/01/38	$2,545,000.00	5.800%		$	73,805.00	$	312,250.00	
05/01/39	$2,545,000.00	5.800%	$	170,000.00	$	73,805.00		
11/01/39	$2,375,000.00	5.800%		$	68,875.00	$	312,680.00	
05/01/40	$2,375,000.00	5.800%	$	180,000.00	$	68,875.00		
11/01/40	$2,195,000.00	5.800%		$	63,655.00	$	312,530.00	
05/01/41	$2,195,000.00	5.800%	$	190,000.00	$	63,655.00		
11/01/41	$2,005,000.00	5.800%		$	58,145.00	$	311,800.00	
05/01/42	$2,005,000.00	5.800%	$	205,000.00	$	58,145.00		
11/01/42	$1,800,000.00	5.800%		$	52,200.00	$	315,345.00	
05/01/43	$1,800,000.00	5.800%	$	215,000.00	$	52,200.00		
11/01/43	$1,585,000.00	5.800%		$	45,965.00	$	313,165.00	
05/01/44	$1,585,000.00	5.800%	$	230,000.00	$	45,965.00		
11/01/44	$1,355,000.00	5.800%		$	39,295.00	$	315,260.00	
05/01/45	$1,355,000.00	5.800%	$	240,000.00	$	39,295.00		
11/01/45	$1,115,000.00	5.800%		$	32,335.00	$	311,630.00	
05/01/46	$1,115,000.00	5.800%	$	255,000.00	$	32,335.00		
11/01/46	$ 860,000.00	5.800%		$	24,940.00	$	312,275.00	
05/01/47	$ 860,000.00	5.800%	$	270,000.00	$	24,940.00		
11/01/47	$ 590,000.00	5.800%		$	17,110.00	$	312,050.00	
05/01/48	$ 590,000.00	5.800%	$	285,000.00	$	17,110.00		
11/01/48	$ 305,000.00	5.800%		$	8,845.00	$	310,955.00	
05/01/49	$ 305,000.00	5.800%	$	305,000.00	$	8,845.00	$	313,845.00	
			$	4,450,000.00	$	5,068,330.00	$	9,565,648.33