Adopted Budget
Fiscal Year 2023

East Homestead Community Development District

August 12, 2022

East Homestead
Community Development District

TABLE OF CONTENTS

General Fund
Budget	Page 1-3
Narrative	Page 4-9

Debt Service Fund
Series 2013A Budget	Page 10
Series 2013A Amortization Schedule	Page 11

Series 2019A Budget	Page 12
Series 2019A Amortization Schedule	Page 13

Series 2022 Budget	Page 14
Series 2022 Amortization Schedule	Page 15

Adopted
Budget		Actual
thru		Projected
Next		Total
Projected at		Adopted
Budget	
 Description			FY 2022				6/30/22				3 Months				9/30/22				FY 2023		
Revenues									
Maintenance Assessments	$1,363,357		$1,355,806		$7,551		$1,363,357		$1,568,607	
Clubhouse Income	$10,000		$13,431		$4,477		$17,908		$17,000	
Interest Income	$12,000		$2,173		$724		$2,897		$5,000	
Unassigned Fund Balance	$145,419		$542,856	*	$0		$542,856		$0	

Total Revenues 	$1,530,775 			$1,914,266 			$12,752 			$1,927,018 			$1,590,607 	
Expenditures									
General Expenditures									
Administrative
Supervisors Fee	$18,000		
$9,000		
$3,000		
$12,000		
$12,000	
Fica Expense	$1,377		$689		$230		$919		$918	
Engineering	$15,000		$4,879		$3,750		$8,629		$12,000	
Attorney	$35,000		$23,785		$8,750		$32,535		$32,000	
Annual Audit	$6,150		$6,150		$0		$6,150		$6,250	
Trustee Fees	$16,925		$4,041		$0		$4,041		$8,041	
Dissemination Agent	$3,750		$2,813		$937		$3,750		$3,750	
Arbitrage	$1,800		$1,200		$600		$1,800		$1,200	
Assessment Roll	$2,000		$2,000		$0		$2,000		$2,000	
Management Fees	$45,586		$34,189		$11,397		$45,586		$46,953	
Computer Time	$1,000		$750		$250		$1,000		$1,000	
Telephone	$125		$0		$31		$31		$125	
Postage	$900		$548		$225		$773		$900	
Printing & Binding	$2,500		$849		$283		$1,132		$1,200	
Rentals & Leases	$2,400		$1,800		$600		$2,400		$2,400	
Insurance	$8,923		$8,396		$0		$8,396		$11,363	
Legal Advertising	$1,500		$65		$375		$440		$1,000	
Other Current Charges	$1,000		$1,955		$652		$2,607		$2,500	
Website Management	$2,500		$1,875		$625		$2,500		$2,500	
Office Supplies	$250		$7		$63		$70		$250	
Dues, Licenses	$175		$175		$0		$175		$175	
Administrative Expenditures 	$166,861 			$105,166 			$31,766 			$136,932 			$148,524 	
Field
Field Management	$22,168		
$16,626		
$5,542		
$22,168		
$22,833	
Electricity	$43,000		$34,442		$10,750		$45,192		$45,000	
Landscape Maintenance	$340,436		$280,176		$93,392		$373,568		$373,568	
Fertilization and Pest Control	$48,250		$36,000		$12,000		$48,000		$48,000	
Tree Care Services	$23,980		$13,052		$5,995		$19,047		$23,980	
Landscape Materials	$50,000		$27,392		$12,500		$39,892		$50,000	
Irrigation Maint & Repairs	$25,000		$16,144		$6,250		$22,394		$25,000	
Lake Maintenance	$10,880		$8,160		$2,720		$10,880		$10,880	
Pressure Washing	$10,000		$0		$10,000		$10,000		$10,000	
Lights Repair and Maintenance	$4,500		$0		$1,125		$1,125		$2,500	
Community Maintenance/Repairs	$5,000		$8,127		$1,250		$9,377		$10,000	
Sign/Decor Maintenance	$5,000		$0		$1,250		$1,250		$2,500	
Stormwater Services/Culvert Cleaning	$20,000		$16,660		$3,340		$20,000		$20,000	
Holiday Lighting	$42,240		$41,077		$0		$41,077		$42,240	
Sidewalk Repairs	$10,000		$0		$10,000		$10,000		$10,000	
Special Projects	$14,267		$0		$10,000		$10,000		$10,000	
Off Duty Police Services	$7,200		$2,824		$1,525		$4,349		$7,200	
Contingency	$20,000		$9,883		$5,000		$14,883		$20,000	

Field Expenditures 	$701,921 			$510,563 			$192,639 			$703,202 			$733,701 	

TOTAL GENERAL EXPENDITURES		$868,782 			$615,729 			$224,405 			$840,134 			$882,225 	

	Adopted
Budget		Actual
thru		Projected
Next		Total
Projected at		Adopted
Budget	
 Description			FY 2022				6/30/22				3 Months				9/30/22				FY 2023		
Clubhouse
Access Control	
$3,200		
$0		
$3,200		
$3,200		
$3,200	
Active Video Monitoring	$42,121		$26,790		$8,889		$35,679		$40,132	
Alarm Monitoring	$750		$640		$110		$750		$750	
Air Conditioning Maint Contract	$2,400		$0		$1,000		$1,000		$2,400	
Fitness Equipment Maintenance	$6,250		$8,935		$1,563		$10,498		$5,000	
Equipment Repair	$5,000		$0		$5,000		$5,000		$5,000	
Electric	$65,000		$43,872		$16,250		$60,122		$60,000	
Cable/Internet Services	$4,600		$2,865		$1,150		$4,015		$4,600	
Holiday Lighting	$11,428		$11,428		$0		$11,428		$11,428	
Insurance	$36,847		$34,682		$0		$34,682		$39,397	
Landscape Maintenance	$28,710		$21,532		$7,178		$28,710		$28,710	
Landscape Replacement	$10,000		$5,054		$2,500		$7,554		$8,000	
License, Music	$1,600		$1,737		$0		$1,737		$1,800	
Irrigation Maintenance	$2,100		$1,812		$525		$2,337		$2,100	
Office Equipment Maintenance	$500		$325		$0		$325		$0	
Janitorial Supplies	$20,000		$9,907		$2,250		$12,157		$12,200	
Office Supplies/Clubhouse Supplies	$2,500		$2,625		$625		$3,250		$3,500	
Onsite Club Employees	$211,368		$108,944		$52,842		$161,786		$197,528	
FICA Expenses	$0		$8,334		$4,042		$12,376		$15,111	
Employees' Health Insurance	$0		$857		$2,571		$3,428		$23,376	
Club Management	$0		$26,100		$8,700		$34,800		$43,456	
Pest Control	$1,020		$785		$285		$1,070		$1,140	
Pool & Spa Maintenance	$42,600		$31,450		$9,900		$41,350		$39,600	
Pool-Splash Pad	$6,000		$4,500		$1,500		$6,000		$6,000	
Pool and Spa Repairs	$10,000		$7,174		$2,500		$9,674		$10,000	
Permits	$750		$1,068		$0		$1,068		$1,000	
Pool Emergencies Cleaning	$2,000		$4,300		$0		$4,300		$2,000	
Repairs and Maintenance	$50,000		$56,068		$12,500		$68,568		$50,000	
Workers Comensation Insurance	$0		$1,703		$0		$1,703		$1,822	
Special Events	$6,000		$1,444		$1,500		$2,944		$6,000	
Security-Roving Guard	$1,750		$1,750		$0		$1,750		$1,750	
Telephone	$5,000		$4,364		$1,250		$5,614		$5,500	
Trash Collection	$8,000		$5,124		$2,000		$7,124		$7,500	
Water & Sewer	$4,500		$2,182		$1,125		$3,307		$3,500	
Contingency	$10,000		$37,274		$0		$37,274		$10,000	
Replacements	$22,000		$121,557		$0		$121,557		$16,881	
Capital Reserve	$38,000		$338,747		$0		$338,747		$38,000	
TOTAL CLUBHOUSE		$661,994 			$935,929 			$150,955 			$1,086,884 			$708,382 	
TOTAL EXPENDITURES		$1,530,776 			$1,551,658 			$375,360 			$1,927,018 			$1,590,607 	
ASSIGNED FUND BALANCE		($0) 			$362,608 			($362,608) 			($0) 			$0 	
* Note - Prior year surplus reserves are being used for the unassigned fund balance.

	Adopted
Budget	Actual
thru	Projected
Next	Total
Projected at	Adopted
Budget	
 Description			FY 2022			6/30/22			3 Months			9/30/22			FY 2023		

GE CE	$374.29		$355.58	
	$396.32		$376.50	
Club Members		$770.61				$732.08	

General Expenses	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	
Gross Assessment	$685,436	$685,436	$757,512	$757,512	$883,890	
Net Assessment	$651,164	$651,164	$719,637	$719,637	$839,696	
# Units	2,131	2,131	2,378	2,378	2,378	
Gross Per Unit	$321.65	$321.65	$321.65	$321.65	$374.29	
Net Per Unit	$305.57	$305.57	$305.57	$305.57	$355.58	
Total Net:	$651,164	$651,164	$719,637	$719,637	$839,696	
		
Clubhouse Expenses	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	
Gross Assessment	$677,600	$677,600	$677,600	$677,600	$767,276	
Net Assessment	$643,720	$643,720	$643,720	$643,720	$728,912	
# Units	1,936	1,936	1,936	1,936	1,936	
Gross Per Unit	$350.00	$350.00	$350.00	$350.00	$396.32	
Net Per Unit	$332.50	$332.50	$332.50	$332.50	$376.50	
Total Net:	$643,720	$643,720	$643,720	$643,720	$728,912	

Total Assessment - Tax Bill Per Unit	Gross Assessment	Net (5% Discount)
FY 2023
# Units 1,936	
		Non Club Members		$374.29				$355.58	442	

REVENUES:

Maintenance Assessment
It is presently anticipated that the District will levy a Maintenance Assessment to all landowners within the District to funding the Operations and Maintenance for the fiscal year.

EXPENDITURES:

Administrative:

Supervisor Fees
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon all 5 supervisors attending 12 meetings.

FICA Expense
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering Fees
The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Attorney
The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc. The District has contracted with Billing, Cochran, Lyles, Mauro & Ramsey, P.A. for these services.

Annual Audit
The District is required to annually conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The fee is based on the current contract.

Trustee Fees
The District issued Series 2013 and Series 2019 Special Assessment Revenue Bonds. In addition, the District issued Series 2022 Special Assessment Refunding Bonds. The amount of the trustee fees is based on the agreement between the trustee and the District.

Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District's Series 2013, 2019, and 2022 Special Assessment Bonds. Currently the District has contracted Grau & Associates, an independent certified public accounting firm, to calculate the rebate liability and submit a report to the District.

Assessment Roll
Governmental Management Services serves as the District's collection agent and certifies the District's non-ad valorem assessments with the county tax collector.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – South Florida, LLC. These services are further outlined in Exhibit "A" of the Management Agreement.

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

Telephone
Telephone and fax machine

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

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

Rental & Leases
The District will be charged $200 per month for office rent from Governmental Management Services – South Florida, LLC, for the District's administrative office located in Fort Lauderdale.

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

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

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

Website Management
The District has contracted with Governmental Management Services-South Florida for the supervision and maintenance of East Homestead Community Development District’s website.

Office Supplies
Miscellaneous office supplies.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Community Affairs for $175. This is the only expense under this category for the District.

Field:

Field Management
The supervision and on-site management of East Homestead CDD. The responsibilities include reviewing contracts and other maintenance related items.

Electricity
Electricity for the common areas.

Landscape Maintenance
Common area lawn maintenance. Includes grass cutting and edging, quarterly fertilization, bi-monthly pest control and weed control.

Tree Care Services
The District has contracted with Brightview Landscape Services for the monthly maintenance of the trees in the common areas throughout the District.

Fertilization and Pest Control
The District has contracted with Southern Plant & Pest Services, Inc. to provide pest control and fertilization services for the landscaping within the District. The annual contract amount is $48,000.

Landscape Materials
Includes the following materials:

•Annuals	$17,100
•Contingency	$32,900

Irrigation System & Repairs
Irrigation system within the common areas, includes monthly wet check and irrigation system repair materials.

Lake Maintenance
Includes monthly cleaning and debris removal of all CDD lakes.

Pressure Washing
Annual pressure cleaning of sidewalks, entrance walls, etc.

Light Repair & Maintenance
Includes maintenance and repair work needed for common area lighting and irrigation system.

Monuments Maintenance/Repairs
Includes maintenance and repair work needed for the monument signs throughout the common area.

Signs/Décor Maintenance
Includes and maintenance and repair work related to the entry signs and various signs throughout the community.

Stormwater Services
Annual Storm Drain Cleaning for all Storm Drains throughout the District.

Holiday Lighting
The District has a contract with CDI for the display of Holiday Lighting throughout the District.

Sidewalk Repairs
Unscheduled repairs and maintenance to the District’s sidewalks.

Special Projects
Projects that will be completed during the fiscal year to beautify the community.

Off-Duty Police
Security patrol throughout the District.

Contingency
Represents any un-budgeted expense related to the operations and maintenance of the common areas.

Clubhouse Maintenance:

Access Control
Includes camera monthly fee, also includes access cards and repairs.

Active Video Monitoring
The District has contracted with Envera to provide active video surveillance of the clubhouse, parking lot, and playground.

Alarm Monitoring
This line item is the estimated cost for monitoring of the alarm system (security and fire alarm) for the clubhouse.

Air Conditioning Maintenance Contract
Estimated cost to maintain the air conditioning system.

Fitness Equipment Maintenance
Estimated cost to maintain the fitness equipment.

Equipment Repair
Unanticipated cost to repair the fitness equipment.

Electric
Electricity for clubhouse and grounds.

Cable and Internet
Estimated cost of cable TV and internet for the clubhouse.

Holiday Lighting
The District has a contract with CDI for the display of holiday lighting at the clubhouse.

Insurance
The District's property insurance is with Egis Insurance Advisors which specializes in providing insurance coverage to governmental agencies.

Landscape Maintenance
Maintaining the lawn and plants around the clubhouse.

Landscape Replacement
(Includes Mulching) that this line item includes plant replacement and mulching once a year.

License, Music
Annual music license to provide music at the clubhouse.

Irrigation Maintenance
Irrigation system within the clubhouse areas, which includes monthly wet check and irrigation system repair materials.

Office Equipment
Reflects the maintenance agreement for the copier plus any repairs to other office equipment.

Janitorial Supplies
Include additional janitorial supplies not provided by contract.

Management Fees
Onsite management fees for the clubhouse.

Office Supplies/Clubhouse Supplies
Supplies to run clubhouse and clubhouse office.

Onsite Club Management Fees
Salary and cost associated with the payroll for the clubhouse team leader and attenants.

Pest Control
Preventative maintenance for bugs and rodents.

Pool & Spa Maintenance
Cost to maintain the pool, does not include repairs.

Pool-Splash Pad Maintenance
Cost to maintain the splash pad, does not include repairs.

Pool and Spa Repairs
Cost to make unanticipated repairs to the pool.

Pool Permits
Required annual licenses from the Florida Department of Health for the pool and spa.

Pool Emergencies Cleaning
Last minute emergency cleaning of the pool.

Repairs & Maintenance
Maintenance expenditures required to repair and maintain the clubhouse.

Special Events
Expenses related to social events, such as holiday celebrations.

Security-Roving Guard
Night watch as needed.

Telephone
Cost of telephone lines for telephone, internet, fax and alarm systems.

Trash Collection
Cost of trash and recycling removal.

Water & Sewer
Water and sewer cost for the clubhouse.

Contingency
Any unscheduled repairs and maintenance that the District should incur during the fiscal year.

Replacements
The cost of replacement of any of the District’s amenity center assets.

Capital Reserve
Funds set aside for a future use to replace any capital item.

East Homestead	Debt Service Fund
Community Development District	Series 2013

	Adopted Budget		Actual thru		Projected Next		Total Projected at		Adopted Budget	
	Description				FY 2022				6/30/22				3 Months				9/30/22				FY 2023		
REVENUES:											
Assessments		$811,678		$807,183		$4,495		$811,678		$811,678	
Interest Income		$0		$836		$279		$1,115		$0	
Carry Forward Surplus (1)		$702,254		$715,958		$0		$715,958		$733,083	
TOTAL REVENUES			$1,513,932 			$1,523,977 			$4,774 			$1,528,751 			$1,544,761 	

EXPENDITURES:

Series 2013
Interest - 11/1	$272,728		$272,728		$0		$272,728		$267,572	
Interest - 5/1	$267,572		$267,572		$0		$267,572		$262,209	
Principal - 11/1	$250,000		$250,000		$0		$250,000		$260,000	
TOTAL EXPENDITURES		$790,300 			$790,300 			$0 			$790,300 			$789,781 	
OTHER SOUCES AND USES										
Trustee Fees	($3,605)		($3,518)		$0		($3,518)		($3,518)	
Arbitrage	($600)		$0		($600)		($600)		($600)	
Dissemination	($1,250)		($938)		($312)		($1,250)		($1,250)	
TOTAL OTHER SOURCES AND USES		($5,455) 			($4,456) 			($912) 			($5,368) 			($5,368) 	
EXCESS REVENUES		$718,177 			$729,221 			$3,862 			$733,083 			$749,612 	

Interest Payment - 11/1/23		$262,209 Principal Payment - 11/1/23		$270,000 
	$532,209 

Parcel	Land Use	No. of Units	Gross
Per Unit	Total Assessment	
A	40'	112	$434.87	$48,705.44	
B	CONDOS	252	$434.87	$109,587.24	
C	40'	140	$434.87	$60,881.80	
D	50'	116	$434.87	$50,444.92	
E	60'	69	$434.87	$30,006.03	
E	60'	19	$434.87	$8,262.53	
F	40'	103	$434.87	$44,791.61	
G	50'	90	$434.87	$39,138.30	
H	50'	79	$434.87	$34,354.73	
I	VILLAS	90	$434.87	$39,138.30	
J (2)	36'	195	$64.05	$12,489.75
K	55'	148	$434.87	$64,360.76	
L	CONDO-VILLAS	96	$434.87	$41,747.52	
M	36'	241	$434.87	$104,803.67	
M	36'	143	$434.87	$62,186.41	
N	40'	140	$434.87	$60,881.80	
O	50'		98		$434.87		$42,617.26		
		2131		$854,398.07	
Less Discount/Collection Fees	($42,719.90)

Total Net Assessment	$811,678.17

(1) Net of Reserve Requirement.
(2) Units Excluded from Clubhouse.

Page 10

EAST HOMESTEAD	Series 2013, Special Assessment Revenue Bonds COMMUNITY DEVELOPMENT DISTRICT		Amortization Schedule

	DATE			PRINCIPAL
	BALANCE			
	INTEREST			
	PRINCIPAL			
	TOTAL		
1-May-22		$	10,050,000		$	267,571.88		$	-		$	-	
1-Nov-22		$	10,050,000		$	267,571.88		$	260,000.00		$	795,143.75	
1-May-23		$	9,790,000		$	262,209.38		$	-		$	-	
1-Nov-23		$	9,790,000		$	262,209.38		$	270,000.00		$	794,418.75	
1-May-24		$	9,520,000		$	256,640.63		$	-		$	-	
1-Nov-24		$	9,520,000		$	256,640.63		$	285,000.00		$	798,281.25	
1-May-25		$	9,235,000		$	249,515.63		$	-		$	-	
1-Nov-25		$	9,235,000		$	249,515.63		$	295,000.00		$	794,031.25	
1-May-26		$	8,940,000		$	242,140.63		$	-		$	-	
1-Nov-26		$	8,940,000		$	242,140.63		$	310,000.00		$	794,281.25	
1-May-27		$	8,630,000		$	234,390.63		$	-		$	-	
1-Nov-27		$	8,630,000		$	234,390.63		$	325,000.00		$	793,781.25	
1-May-28		$	8,305,000		$	226,265.63		$	-		$	-	
1-Nov-28		$	8,305,000		$	226,265.63		$	345,000.00		$	797,531.25	
1-May-29		$	7,960,000		$	217,640.63		$	-		$	-	
1-Nov-29		$	7,960,000		$	217,640.63		$	360,000.00		$	795,281.25	
1-May-30		$	7,600,000		$	208,640.63		$	-		$	-	
1-Nov-30		$	7,600,000		$	208,640.63		$	380,000.00		$	797,281.25	
1-May-31		$	7,220,000		$	199,140.63		$	-		$	-	
1-Nov-31		$	7,220,000		$	199,140.63		$	400,000.00		$	798,281.25	
1-May-32		$	6,820,000		$	189,140.63		$	-		$	-	
1-Nov-32		$	6,820,000		$	189,140.63		$	415,000.00		$	793,281.25	
1-May-33		$	6,405,000		$	178,765.63		$	-		$	-	
1-Nov-33		$	6,405,000		$	178,765.63		$	440,000.00		$	797,531.25	
1-May-34		$	5,965,000		$	167,765.63		$	-		$	-	
1-Nov-34		$	5,965,000		$	167,765.63		$	460,000.00		$	795,531.25	
1-May-35		$	5,505,000		$	154,828.13		$	-		$	-	
1-Nov-35		$	5,505,000		$	154,828.13		$	485,000.00		$	794,656.25	
1-May-36		$	5,020,000		$	141,187.50		$	-		$	-	
1-Nov-36		$	5,020,000		$	141,187.50		$	515,000.00		$	797,375.00	
1-May-37		$	4,505,000		$	126,703.13		$	-		$	-	
1-Nov-37		$	4,505,000		$	126,703.13		$	540,000.00		$	793,406.25	
1-May-38		$	3,965,000		$	111,515.63		$	-		$	-	
1-Nov-38		$	3,965,000		$	111,515.63		$	575,000.00		$	798,031.25	
1-May-39		$	3,390,000		$	95,343.75		$	-		$	-	
1-Nov-39		$	3,390,000		$	95,343.75		$	605,000.00		$	795,687.50	
1-May-40		$	2,785,000		$	78,328.13		$	-		$	-	
1-Nov-40		$	2,785,000		$	78,328.13		$	640,000.00		$	796,656.25	
1-May-41		$	2,145,000		$	60,328.13		$	-		$	-	
1-Nov-41		$	2,145,000		$	60,328.13		$	675,000.00		$	795,656.25	
1-May-42	$	1,470,000	$	41,343.75	$	-	$	-	
1-Nov-42	$	1,470,000	$	41,343.75	$	715,000.00	$	797,687.50	
1-May-43	$	755,000	$	21,234.38	$	-	$	-	
1-Nov-43	$	755,000	 $	21,234.38 	 $	755,000.00 	 $	797,468.75 	
		 $ 7,461,281.25 	 $ 10,050,000.00 	 $ 17,511,281.25 	

East Homestead	Debt Service Fund
Community Development District	Series 2019

	Adopted Budget		Actual thru		Projected Next		Total Projected at		Adopted Budget	
	Description				FY 2022				6/30/22				3 Months				9/30/22				FY 2023		
REVENUES:											
Assessments		$361,898		$359,894		$2,004		$361,898		$361,898	
Interest Income		$0		$355		$118		$473		$0	
Carry Forward Surplus (1)		$245,961		$252,353		$0		$252,353		$254,818	
TOTAL REVENUES			$607,859 			$612,602 			$2,123 			$614,725 			$616,716 	

EXPENDITURES:

Series 2019
Interest - 11/1	$130,891		$130,891		$0		$130,891		$129,016	
Interest - 5/1	$129,016		$129,016		$0		$129,016		$127,141	
Principal - 11/1	$100,000		$100,000		$0		$100,000		$100,000	
TOTAL EXPENDITURES		$359,906 			$359,907 			$0 			$359,907 			$356,156 	
EXCESS REVENUES		$247,953 			$252,695 			$2,123 			$254,818 			$260,560 	

Interest Payment - 11/1/23	$127,141
Principal Payment - 11/1/23	$105,000

Land Use	No. of Units	Gross
Per Unit	Total Assessment	
Single Family	247	$1,542.29	$380,945.63	
		Less Discount/Collection Fees	($19,047.28)	
		Total Net Assessment	$361,898.35	

(1) Net of Reserve Requirement.

EAST HOMESTEAD	Series 2019, Special Assessment Bonds
COMMUNITY DEVELOPMENT DISTRICT	Amortization Schedule

PRINCIPAL
DATE	BALANCE	INTEREST	PRINCIPAL	TOTAL

1-May-22	$	5,435,000	$	129,015.63	$	-	$	-	
1-Nov-22	$	5,435,000	$	129,015.63	$	100,000.00	$	358,031.25	
1-May-23	$	5,335,000	$	127,140.63	$	-	$	-	
1-Nov-23	$	5,335,000	$	127,140.63	$	105,000.00	$	359,281.25	
1-May-24	$	5,230,000	$	125,171.88	$	-	$	-	
1-Nov-24	$	5,230,000	$	125,171.88	$	110,000.00	$	360,343.75	
1-May-25	$	5,120,000	$	123,109.38	$	-	$	-	
1-Nov-25	$	5,120,000	$	123,109.38	$	115,000.00	$	361,218.75	
1-May-26	$	5,005,000	$	120,737.50	$	-	$	-	
1-Nov-26	$	5,005,000	$	120,737.50	$	120,000.00	$	361,475.00	
1-May-27	$	4,885,000	$	118,262.50	$	-	$	-	
1-Nov-27	$	4,885,000	$	118,262.50	$	125,000.00	$	361,525.00	
1-May-28	$	4,760,000	$	115,684.38	$	-	$	-	
1-Nov-28	$	4,760,000	$	115,684.38	$	130,000.00	$	361,368.75	
1-May-29	$	4,630,000	$	113,003.13	$	-	$	-	
1-Nov-29	$	4,630,000	$	113,003.13	$	135,000.00	$	361,006.25	
1-May-30	$	4,495,000	$	110,218.75	$	-	$	-	
1-Nov-30	$	4,495,000	$	110,218.75	$	140,000.00	$	360,437.50	
1-May-31	$	4,355,000	$	106,893.75	$	-	$	-	
1-Nov-31	$	4,355,000	$	106,893.75	$	145,000.00	$	358,787.50	
1-May-32	$	4,210,000	$	103,450.00	$	-	$	-	
1-Nov-32	$	4,210,000	$	103,450.00	$	155,000.00	$	361,900.00	
1-May-33	$	4,055,000	$	99,768.75	$	-	$	-	
1-Nov-33	$	4,055,000	$	99,768.75	$	160,000.00	$	359,537.50	
1-May-34	$	3,895,000	$	95,968.75	$	-	$	-	
1-Nov-34	$	3,895,000	$	95,968.75	$	165,000.00	$	356,937.50	
1-May-35	$	3,730,000	$	92,050.00	$	-	$	-	
1-Nov-35	$	3,730,000	$	92,050.00	$	175,000.00	$	359,100.00	
1-May-36	$	3,555,000	$	87,893.75	$	-	$	-	
1-Nov-36	$	3,555,000	$	87,893.75	$	185,000.00	$	360,787.50	
1-May-37	$	3,370,000	$	83,500.00	$	-	$	-	
1-Nov-37	$	3,370,000	$	83,500.00	$	190,000.00	$	357,000.00	
1-May-38	$	3,180,000	$	78,987.50	$	-	$	-	
1-Nov-38	$	3,180,000	$	78,987.50	$	200,000.00	$	357,975.00	
1-May-39	$	2,980,000	$	74,237.50	$	-	$	-	
1-Nov-39	$	2,980,000	$	74,237.50	$	210,000.00	$	358,475.00	
1-May-40	$	2,770,000	$	69,250.00	$	-	$	-	
1-Nov-40	$	2,770,000	$	69,250.00	$	220,000.00	$	358,500.00	
1-May-41	$	2,550,000	$	63,750.00	$	-	$	-	
1-Nov-41	$	2,550,000	$	63,750.00	$	230,000.00	$	357,500.00	
1-May-42	$	2,320,000	$	58,000.00	$	-	$	-	
1-Nov-42	$	2,320,000	$	58,000.00	$	245,000.00	$	361,000.00	
1-May-43	$	2,075,000	$	51,875.00	$	-	$	-	
1-Nov-43	$	2,075,000	$	51,875.00	$	255,000.00	$	358,750.00	
1-May-44	$	1,820,000	$	45,500.00	$	-	$	-	
1-Nov-44	$	1,820,000	$	45,500.00	$	270,000.00	$	361,000.00	
1-May-45	$	1,550,000	$	38,750.00	$	-	$	-	
1-Nov-45	$	1,550,000	$	38,750.00	$	280,000.00	$	357,500.00	
1-May-46	$	1,270,000	$	31,750.00	$	-	$	-	
1-Nov-46	$	1,270,000	$	31,750.00	$	295,000.00	$	358,500.00	
1-May-47	$	975,000	$	24,375.00	$	-	$	-	
1-Nov-47	$	975,000	$	24,375.00	$	310,000.00	$	358,750.00	
1-May-48	$	665,000	$	16,625.00	$	-	$	-	
1-Nov-48	$	665,000	$	16,625.00	$	325,000.00	$	358,250.00	
1-May-49	$	340,000	$	8,500.00	$	-	$	-	
1-Nov-49	$	340,000	$	8,500.00	$	340,000.00	$	357,000.00	

 $	4,626,937.50 

 $	5,435,000.00 

 $	10,061,937.50 

East Homestead	Debt Service Fund
Community Development District	Series 2022

	Adopted Budget		Actual thru		Projected Next		Total Projected at		Adopted Budget	
	Description				FY 2022				6/30/22			  3 Months				9/30/22				FY 2023		
REVENUES:											
Assessments		$0		$0		$0		$0		$1,206,200	
Interest Income		$0		$139		$46		$185		$0	
Carry Forward Surplus (1)		$0		$0		$0		$0		$189,408	
TOTAL REVENUES			$0 			$139 			$46 			$185 			$1,395,608 	

EXPENDITURES:

Series 2022

Interest - 11/1	$0		$0		$0		$0		$231,957	
Interest - 5/1	$0		$0		$0		$0		$179,966	
Principal - 5/1	$0		$0		$0		$0		$855,000	
TOTAL EXPENDITURES		$0 			$0 			$0 			$0 			$1,266,923 	
OTHER SOUCES AND USES										
Interfund Transfer In / (Out)	$0		$1,670,297		$0		$1,670,297		$0	
Refunding Bond Proceeds	$0		$14,115,000		$0		$14,115,000		$0	
Payment to Refunding Escrow Agen	$0		($373,423)		$0		($373,423)		$0	
Cost of Issuance Fees	$0		($15,189,786)		$0		($15,189,786)		$0	
TOTAL OTHER SOURCES AND USE	$0 		$222,088 		$0 		$222,088 		$0 	
EXCESS REVENUES		$0 			$222,227 			$46 			$222,273 			$128,685 	

t

Interest Payment - 11/1/23	$169,065

Parcel	Land Use	No. of Units
	Assessed		Gross Per Unit	Total Assessment	
A	40'	112	$650.89	$72,899.68	
B (2)	CONDOS	251	$495.61	$124,398.11	
C	40'	140	$650.89	$91,124.60	
D	50'	116	$669.89	$77,707.24	
E	60'	69	$525.36	$36,249.84	
E	60'	19	$689.72	$13,104.68	
F	40'	103	$650.89	$67,041.67	
G	50'	90	$669.89	$60,290.10	
H	50'	79	$669.89	$52,921.31	
I	VILLAS	71	$553.43	$39,293.53	
I	VILLAS	90	$553.43	$49,808.70	
I	VILLAS	124	$553.43	$68,625.32	
J	36'	148	$592.25	$87,653.00	
K (3)	55'	93	$679.81	$63,222.33	
L	CONDO-VILLAS	241	$553.43	$133,376.63	
M	36'	142	$525.36	$74,601.12	
M	36'	1	$592.25	$592.25	
N	40'	140	$650.89	$91,124.60	
O	50'		98		$669.89		$65,649.22 	
2127		$1,269,683.93	
Less Discount/Collection Fees	($63,484.20)

Total Net Assessment	$1,206,199.73

(1) Net of Reserve Requirement.
(2) 1 Unit Excluded from from Series 2022. Unit was paid off.
(3) 3 Units Excluded from from Series 2022. Units were paid off.

EAST HOMESTEAD	Series 2022, Special Assessment Refunding Bonds COMMUNITY DEVELOPMENT DISTRICT		Amortization Schedule

	DATE			PRINCIPAL
	BALANCE			
	INTEREST			
	PRINCIPAL			
	TOTAL		
9-Mar-22		$	14,115,000							
1-Nov-22		$	14,115,000		$	231,956.50		$	-		$	231,956.50	
1-May-23		$	14,115,000		$	179,966.25		$	855,000.00		$	-	
1-Nov-23		$	13,260,000		$	169,065.00		$	-		$	1,204,031.25	
1-May-24		$	13,260,000		$	169,065.00		$	870,000.00		$	-	
1-Nov-24		$	12,390,000		$	157,972.50		$	-		$	1,197,037.50	
1-May-25		$	12,390,000		$	157,972.50		$	900,000.00		$	-	
1-Nov-25		$	11,490,000		$	146,497.50		$	-		$	1,204,470.00	
1-May-26		$	11,490,000		$	146,497.50		$	925,000.00		$	-	
1-Nov-26		$	10,565,000		$	134,703.75		$	-		$	1,206,201.25	
1-May-27		$	10,565,000		$	134,703.75		$	945,000.00		$	-	
1-Nov-27		$	9,620,000		$	122,655.00		$	-		$	1,202,358.75	
1-May-28		$	9,620,000		$	122,655.00		$	970,000.00		$	-	
1-Nov-28		$	8,650,000		$	110,287.50		$	-		$	1,202,942.50	
1-May-29		$	8,650,000		$	110,287.50		$	995,000.00		$	-	
1-Nov-29		$	7,655,000		$	97,601.25		$	-		$	1,202,888.75	
1-May-30		$	7,655,000		$	97,601.25		$	1,010,000.00		$	-	
1-Nov-30		$	6,645,000		$	84,723.75		$	-		$	1,192,325.00	
1-May-31		$	6,645,000		$	84,723.75		$	1,045,000.00		$	-	
1-Nov-31		$	5,600,000		$	71,400.00		$	-		$	1,201,123.75	
1-May-32		$	5,600,000		$	71,400.00		$	1,065,000.00		$	-	
1-Nov-32		$	4,535,000		$	57,821.25		$	-		$	1,194,221.25	
1-May-33		$	4,535,000		$	57,821.25		$	1,100,000.00		$	-	
1-Nov-33		$	3,435,000		$	43,796.25		$	-		$	1,201,617.50	
1-May-34		$	3,435,000		$	43,796.25		$	1,115,000.00		$	-	
1-Nov-34		$	2,320,000		$	29,580.00		$	-		$	1,188,376.25	
1-May-35		$	2,320,000		$	29,580.00		$	1,145,000.00		$	-	
1-Nov-35		$	1,175,000		$	14,981.25		$	-		$	1,189,561.25	
1-May-36		$	1,175,000		 $	14,981.25 		 $	1,175,000.00 		 $	1,189,981.25 	
				 $	2,894,092.75 		 $	14,115,000.00 		 $	17,009,092.75