Meadow View @ Twin Creeks Community Development District
Adopted Budget

FY 2020

August 15, 2019

Meadowview @ 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 21-25

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
Description	FY 2019	7/31/19	2 Months	9/30/19	FY 2020	

Revenues						
Developer Contrib/Assessments	$941,002	$610,968	$196,360	$807,327	$1,088,840	
Interest/Miscelleaneous Income	$0	$22	$8	$30	$0	
Facility Revenue	$0	$800	$0	$800	$0	
Total Revenues	$941,002	$611,790	$196,368	$808,157	$1,088,840	

Expenditures						
Administrative						
Engineering	$12,000	$30,102	$15,050	$45,152	$20,000	
Attorney	$30,000	$25,865	$8,800	$34,665	$30,000	
Annual Audit	$4,000	$2,380	$0	$2,380	$3,800	
Arbitrage	$1,200	$0	$1,200	$1,200	$1,800	
Assessment Roll	$0	$0	$0	$0	$5,000	
Dissemination Agent	$5,000	$5,167	$833	$6,000	$7,500	
Trustee Fee	$10,000	$11,062	$0	$11,062	$20,000	
Management Fees	$45,000	$37,500	$7,500	$45,000	$47,250	
Information Technology	$2,000	$1,667	$333	$2,000	$2,000	
Website Compliance	$0	$0	$0	$0	$1,200	
Telephone	$250	$315	$50	$365	$500	
Postage	$1,000	$252	$100	$352	$500	
Insurance	$6,171	$8,988	$0	$8,988	$9,000	
Printing & Binding	$4,000	$5,028	$708	$5,736	$4,000	
Legal Advertising	$3,000	$880	$825	$1,705	$3,000	
Other Current Charges	$500	$499	$50	$549	$2,500	
Office Supplies	$500	$215	$36	$251	$500	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Administrative Expenditures	$124,796	$130,094	$35,486	$165,580	$158,725	

AMENITY CENTER						
Utilities						
Telephone/Cable/Internet	$9,200	$4,356	$1,430	$5,786	$9,200	
Electric	$55,000	$21,804	$6,600	$28,404	$40,000	
Water/Irrigation	$20,000	$7,179	$1,600	$8,779	$20,000	
Gas	$400	$1,122	$250	$1,372	$1,500	
Trash Removal	$6,000	$1,397	$250	$1,647	$6,000	
Security						
Security Monitoring	$1,200	$333	$555	$888	$1,331	
Access Cards	$1,000	$2,350	$0	$2,350	$3,000	
Contracted Security	$20,000	$0	$3,300	$3,300	$20,000	
Management Contracts						
Facility Management	$125,000	$25,000	$10,000	$35,000	$125,000	
Pool Attendants	$48,000	$10,820	$37,180	$48,000	$48,000	
Canoe Launch Attendant	$28,800	$190	$4,800	$4,990	$28,800	
Snack Bar Attendant	$16,640	$0	$3,000	$3,000	$16,640	
Field Mgmt / Admin	$25,000	$15,000	$3,333	$18,333	$25,000	
Pool Maintenance	$30,000	$9,740	$2,730	$12,470	$30,000	
Pool Chemicals	$15,000	$6,920	$2,760	$9,680	$15,000	
Janitorial	$12,000	$6,499	$2,590	$9,089	$15,540	

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
Description	FY 2019	7/31/19	2 Months	9/30/19	FY 2020	

AMENITY CENTER CONT'
Facility Maintenance	

$15,000	

$16,746	

$0	

$16,746	

$15,000	
Repairs & Maintenance	$10,000	$5,161	$4,839	$10,000	$10,000	
New Capital Projects	$0	$7,071	$4,000	$11,071	$12,000	
Snack Bar Inventory- CGS	$0	$553	$0	$553	$1,000	
Food Service License	$250	$697	$0	$697	$500	
Rental and Leases	$0	$13,846	$4,615	$18,461	$27,691	
Subscriptions	$0	$2,988	$0	$2,988	$12,000	
Pest Control	$0	$0	$0	$0	$2,280	
Supplies	$0	$0	$0	$0	$2,000	
Special Events	$30,000	$5,247	$7,797	$13,044	$30,000	
Holiday Decorations	$9,000	$0	$9,000	$9,000	$9,000	
Fitness Center Repairs/Supplies	$0	$1,230	$0	$1,230	$2,000	
Office Supplies	$500	$1,781	$400	$2,181	$2,000	
ASCAP/BMI Licenses	$1,000	$0	$1,000	$1,000	$1,000	
Property Insurance	$40,000	$20,845	$0	$20,845	$30,000	
Amenity Center Expenditures	$518,990	$188,874	$112,030	$300,904	$561,483	

Grounds Maintenance						
Hydrology Quality/Mitigation	$6,400	$0	$0	$0	$6,400	
Electric	$2,200	$6,697	$1,944	$8,641	$15,000	
Landscape Maintenance	$125,000	$227,458	$31,308	$258,766	$187,846	
Landscape Contingency	$5,000	$0	$1,000	$1,000	$25,000	
Lake Maintenance	$12,000	$0	$0	$0	$10,800	
Grounds Maintenance	$12,000	$0	$2,000	$2,000	$12,000	
Pump Repairs	$2,500	$0	$0	$0	$5,000	
Streetlighting	$20,000	$13,430	$3,600	$17,030	$22,000	
Streetlight Repairs	$5,000	$0	$0	$0	$5,000	
Irrigation Repairs	$7,500	$1,438	$3,000	$4,438	$7,500	
Miscellaneous	$5,000	$775	$0	$775	$5,000	
Contingency	$94,616	$6,788	$6,000	$12,788	$67,086	
Grounds Maintenance Expenditures	$297,216	$256,585	$48,852	$305,437	$368,632	
						
TOTAL EXPENDITURES	$941,002	$575,554	$196,368	$771,921	$1,088,840	
						
Excess Revenues/ Expenditures	$0	$36,236	$0	$36,236	$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, 2016 B, 2018A-1/A-2, and 2019 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, 2016 B, 2018A-1/A-2, and 2019 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	

Website Compliance

Per Chapter 2014-22, Laws of Florida, all Districts must have a website by October 1, 2015 to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS, LLC and updated monthly.

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.

Vendor	Description	Monthly	Annual	
Yellowstone Landscape	Landscape Maintenance	$	15,654	$	187,846	

Landscape Contingency

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

Lake Maintenance

Cost to provide aquatic plant management for thirteen lakes within the District. Includes treatment of lakes with herbicides and technology to control vegetation, and trash disposal along banks and lakes.

Vendor	Description	Monthly	Annual	
Future Horizons	Lake maintenance for 13 Lakes	$	900	$	10,800	

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

Platted		
		Net Per	Gross Per		Gross	
Product	Units	Unit	Unit	Net Annual	Annual	
TH	0	$0	$0	$0	$0	
43	86	$596	$635	$51,293	$54,567	
53	190	$663	$705	$125,913	$133,950	
63	65	$729	$776	$47,383	$50,408	
73	40	$762	$811	$30,484	$32,430	
90	0	$0	$0	$0	$0	
Total	381			$255,074	$271,355	

Bulk Lands						
		Net Per				
Product	Units	Unit	Net Annual			
TH	196	$108	$21,077			
43	399	$108	$42,907			
53	120	$108	$12,904			
63	158	$108	$16,991			
73	222	$108	$23,873			
90	0	$108	$0			
Total	1095		$117,753			

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	$1,388	$112,185	$119,342	
53	111	$1,449	$1,542	$160,885	$171,150	
63	65	$1,594	$1,696	$103,633	$110,245	
73	40	$1,667	$1,773	$66,673	$70,927	
90	0	$0	$0	$0	$0	
Total	302			$443,376	$471,663	

Phase 2, TH - Series 2018A1-2 Bonds	
		Net Per	Gross Per		Gross	
Product	Units	Unit	Unit	Net Annual	Annual	
TH	196	$2,146	$2,283	$420,673	$447,512	
43	117	$2,415	$2,569	$282,506	$300,529	
53	48	$2,683	$2,854	$128,777	$136,993	
63	75	$2,951	$3,139	$221,336	$235,458	
73	26	$3,085	$3,282	$80,218	$85,336	
90	0	$0	$0	$0	$0	
Total	462			$1,133,510	$1,205,828	

Phase 3A - Series 2019A1-2 Bonds	
		Net Per	Gross Per		Gross	
Product	Units	Unit	Unit	Net Annual	Annual	
TH	0	$0	$0	$0	$0	
43	0	$0	$0	$0	$0	
53	0	$0	$0	$0	$0	
63	31	$3,556	$3,782	$110,221	$117,254	
73 Premium	103	$4,493	$4,780	$462,769	$492,293	
90	0	$0	$0	$0	$0	
Total	134			$572,990	$609,547	

Phases 3B & 4 - Series 2016B Bonds (Paid off at Closing)	
Product	Net Per Unit		
TH	$404		
43	$455		
53	$505		
63	$556		
73	$581		
90	$606		
Total	$3,107.00		

Meadow View at Twin Creek
Community Development District

Debt Service Fund
Series 2016 A1 - A2

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
Description	FY 2019	7/31/19	2 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	$0	$120,571	$0	
Special Assessments - Prepayments	$0	$1,572,565	$0	$1,572,565	$0	
Interest Income	$600	$2,767	$140	$2,907	$1,000	
Carry Forward Surplus	$0	1,826,965	$0	$1,826,965	$202,329	
TOTAL REVENUES	$673,326	$3,917,720	$48,663	$3,966,383	$646,705	

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	
Principal - 05/01	$45,000	$25,000	$0	$25,000	$0	
Prepayments - 05/01	$0	$890,000	$0	$890,000	$0	
TOTAL EXPENDITURES	$673,270	$3,763,895	$0	$3,763,895	$443,525	

Other Sources/(Uses)
Interfund Transfer In/(Out)	

$0	

($160)	

$0	

($160)	

$0	
OTHER SOURCES AND USES	$0	($160)	$0	($160)	$0	
						
EXCESS REVENUES	$56	$153,665	$48,663	$202,329	$203,180	
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	Adopted
Budget	
Description	FY 2019	7/31/19	2 Months	9/30/19	FY 2020	

Revenues						
Special Assessments	$564,300	$137,400	$137,400	$274,800	$274,800	
Prepayments	$0	$4,883,578	$0	$4,883,578	$0	
Interest Income	$600	$2,049	$140	$2,189	$600	
Carry Forward Surplus	$0	$282,889	$0	$282,889	$138,886	
TOTAL REVENUES	$564,900	$5,305,915	$137,540	$5,443,455	$414,286	

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	

Other Sources/(Uses)
Interfund Transfer In/(Out)	

$0	

($703)	

$0	

($703)	

$0	
OTHER SOURCES AND USES	$0	($703)	$0	($703)	$0	
						
EXCESS REVENUES	$600	$1,346	$137,540	$138,886	$139,486	
November 1, 2020 - Series 2016B	$137,400

14

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	Adopted
Budget	
Description	FY 2019	7/31/19	2 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	$2,006	$388	$2,394	$1,500	
Carry Forward Surplus	$0	$0	$0	$0	$453,126	
TOTAL REVENUES	$1,201,623	$1,201,628	$388	$1,202,016	$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	

Other Sources/(Uses)						
Interfund Transfer In/(Out)	
$0	
($288)	
$0	
($288)	
$0	
TOTAL OTHER SOURCES AND USES	$0	($288)	$0	($288)	$0	
						
EXCESS REVENUES	$794,459	$794,176	$388	$794,564	$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	Adopted
Budget	
Description	FY 2019	7/31/19	2 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	$465	$200	$665	$500	
Cary Forward Surplus	$0	$0	$0	$0	$232,540	
TOTAL REVENUES	$489,802	$490,166	$200	$490,366	$806,030	

Expenditures

Series 2019 A1
Interest - 11/01	$0	$0	$0	$0	$103,490	
Interest - 05/01	$37,946	$37,946	$0	$37,946	$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	$0	$47,318	$129,050	
Principal - 05/01	$0	$0	$0	$0	$55,000	
TOTAL EXPENDITURES	$85,264	$85,265	$0	$85,265	$570,080	

Other Sources/(Uses)						
Interfund Transfer In/(Out)	
$0	
($98)	
$0	
($98)	
$0	
TOTAL OTHER SOURCES AND USES	$0	($98)	$0	($98)	$0	
						
EXCESS REVENUES	$404,538	$404,803	$200	$405,003	$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