Adopted BudgetFiscal Year 2021 Capital Region Community Development DistrictAugust 13, 2020 GMS v1 Capital RegionCommunity Development DistrictTABLE OF CONTENTSGeneral FundBudgetPage 1 - 2Per Unit Assessment - SchedulePage 3NarrativePage 4 - 7Capital Reserve FundBudgetPage 8Debt Service FundSeries 2011A1BudgetPage 9Amortization Schedule - 2011A1Page 10Series 2013BudgetPage 11Amortization Schedule - 2013Page 12Series 2018A1BudgetPage 13Amortization Schedule - 2018A1Page 14Series 2018A2BudgetPage 15Amortization Schedule - 2018A2Page 16 Capital RegionCommunity Development District General FundAdoptedActualProjectedTotalAdopted BudgetThruNextProjectedBudgetDescriptionFY 20206/30/20203 Months9/30/2020FY 2021RevenuesSpecial Assessment - On Roll$1,181,280$1,187,386$0$1,187,386$1,236,552Special Assessment - Direct - St Joe$379,158$284,369$94,790$379,158391,936 Interest Income/Misc. Revenue$2,500$6,736$2,747$9,483$9,400Carry Forward Surplus$94,863$162,292$0$162,292$97,734TOTAL REVENUES$1,657,800$1,640,782$97,537$1,738,319$1,735,621ExpendituresAdministrativeSupervisor Fees$6,000$4,800$2,000$6,800$6,000FICA$459$367$153$520$459Engineering$30,000$13,004$16,996$30,000$30,000Arbitrage$3,750$600$1,200$1,800$1,800Dissemination$7,300$5,475$1,825$7,300$7,300Attorney$57,000$30,004$26,996$57,000$57,000Annual Audit$4,000$4,250$0$4,250$4,550Annual Report$500$0$500$500$500Trustee Fees$14,000$15,516$0$15,516$15,520Assessment Roll Services$11,500$11,500$0$11,500$11,500Management Fees$48,620$36,465$12,155$48,620$48,620Information Technology$2,800$2,100$700$2,800$2,800Record Storage$150$0$150$150$150Travel & Per Diem$1,750$733$767$1,500$1,500Telephone$300$197$103$300$300Postage$1,500$589$411$1,000$1,000Printing & Binding$2,000$1,014$986$2,000$2,000Insurance$16,627$16,738$0$16,738$18,412Legal Advertising$3,500$1,801$1,699$3,500$3,500Other Current Charges$1,600$1,346$254$1,600$1,600Office Supplies$200$73$127$200$200Dues, Licenses & Subscriptions$3,175$175$0$175$3,175Capital Outlay$250$0$250$250$250TOTAL ADMINISTRATIVE EXPENDITURES$216,980$146,747$67,272$214,019$218,135Field Management Fees$126,000$94,500$31,500$126,000$126,000Security$10,000$5,843$0$5,843$6,000Communications$10,000$4,000$2,000$6,000$6,000Utilities$45,000$42,626$14,209$56,835$45,000Landscape Maintenance - Contract$879,249$659,437$219,812$879,249$983,735Landscape Maintenance - New Units/Street Trees$7,500$111$7,389$7,500$7,500Pond Maintenance - Contract$5,000$1,730$1,730$3,460$3,500Pond Maintenance - New Units$0$0$0$0$1,000Pond Repairs - Current Units$30,000$33,894$0$33,894$35,000Pond Repairs - New Units$1,500$0$1,500$1,500$1,500SWMF Operating Permit Fees$5,508$4,156$1,352$5,508$8,262 Capital RegionCommunity Development District General FundAdoptedActualProjectedTotalAdopted BudgetThruNextProjectedBudgetDescriptionFY 20206/30/20203 Months9/30/2020FY 2021Field (continued) Irrigation Maintenance - Contract$49,604$37,203$12,401$49,604$51,030Irrigation Maintenance - New Units$500$21$479$500$500Irrigation Repairs - Current Units$40,000$37,569$2,431$40,000$40,000Irrigation System Upgrades$1,250$700$1,250$1,950$1,250Preserve Maintenance$40,000$38,579$1,421$40,000$40,000Tot Lot Inspection/Maintenance$5,000$3,051$1,949$5,000$5,000Tree Removal/Trimming/Cleanup$35,000$17,371$17,629$35,000$35,000Alleyway Maintenance$5,000$3,492$1,508$5,000$5,000Miscellaneous Maintenance$7,500$8,085$0$8,085$5,000Special Events$5,000($350)$4,650$4,300$5,000Other - Contingency$5,000$2,648$2,352$5,000$3,000Capital Expenditures$25,000$0$25,000$25,000$9,000Reserve for Capital - R&R$94,209$0$94,209$94,209$89,209Common Area Maintenance$8,000$2,421$5,579$8,000$5,000TOTAL FIELD EXPENDITURES$1,440,820$997,087$450,350$1,447,437$1,517,486TOTAL EXPENDITURES$1,657,801$1,143,834$517,622$1,661,456$1,735,622EXCESS REVENUES OVER EXPENDITURES($0)$496,948($420,085)$76,863$0 Capital RegionCommunity Development District Assessment Allocation FY 2018FY 2019FY 2020FY 2021 Net Assessment$1,117,424$1,133,370$1,181,280$1,236,552Plus Collection Fees (7%)$84,107$85,307$88,914$93,074Gross Assessments$1,201,531$1,218,678$1,270,193$1,329,625.42No. of Units2,7602,8592,9923,2640.00% increaseGrossGrossGrossGrossLot Size# of UnitsPer UnitPer UnitPer UnitPer UnitAmount Amount Amount Amount FY 2018FY 2019FY 2020FY 2021Apartments1,229$215.02$215.02$215.02$215.02Towns252$206.91$206.91$206.91$206.91Duplex0$0.00$217.70$217.70$217.7030s53$226.62$226.62$226.62$226.6240s224$241.40$241.40$241.40$241.4055s270$293.12$293.12$293.12$293.1265s312$362.10$362.10$362.10$362.1075s194$413.82$413.82$413.82$413.8285s102$450.37$450.37$450.37$450.3790s15$509.07$509.07$509.07$509.07100s166$517.29$517.29$517.29$517.291/2 Ac142$620.75$620.75$620.75$620.751Ac40$810.42$810.42$810.42$810.42ACLF101$0.00$108.59$108.59$108.59Blended Commercial162$2,414.59$2,414.59$2,414.59$2,414.59Golf Club1$13,259.51$13,259.51$13,259.51$13,259.51Catholic School1$0.00$0.00$0.00$0.00Southwood House0$0.00$941.69$941.69$941.69Total3264 REVENUES Maintenance Assessments The District will levy a non ad-valorem special assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year. Interest Income The District will have all excess funds invested with the State Board of Administration. The amount is based upon the estimated average balance of funds available during the fiscal year. EXPENDITURES Administrative: Supervisor Fees The Florida Statutes allows each board member to receive $200 per meeting no to exceed $4,800 in one year. The amount for the fiscal year is based upon all five supervisors attending the estimated 6 annual 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 (Atkins) will be providing limited engineering services to the District including attendance as needed and preparation for board meetings, review and execute of documents under the District’s trust indenture and monitoring of District projects. Additionally The District utilizes Dantin Engineering on an assigned project basis and for engineering consulting services. Arbitrage The District is required to annually have an arbitrage rebate calculation on the District's Series 2008A Capital Improvement Revenue Bonds, Series 2011A-1 and 2011A-2 Capital Improvement Revenue Refunding Bonds, and the Series 2013 Capital Improvement Revenue Bonds & Series 2018A1/A2 Capital Improvement Revenue Refunding Bonds. Currently the District has contracted with Grau & Associates, an independent certified public accounting firm, to calculate the rebate liability and submit a report to 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. The District has contracted with GMS, LLC to provide this service. 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 and maintenance contracts. Annual Audit The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Trustee Fees The District issued Series 2008A Capital Improvement Revenue Bonds, Series 2011A1-A2 Capital Improvement Revenue Refunding Bonds and Series 2013 Capital Improvement Revenue Bonds & Series 2018A1/A2 Capital Improvement Revenue refunding Bonds which are held with a Trustee at US Bank. The amount of the trustee fees is based on the agreement between US Bank and the District. Assessment Roll Governmental Management Services serves as the District’s collection agent and certifies the District’s non-ad valorem assessment 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. Information Technology The District processes all its financial activities, i.e., accounts payable, financial statements, etc. on a mainframe computer leased by Governmental Management Services. Records Storage The District’s Records will be stored off site at Iron Mountain. Travel & Per Diem Travel expenses to attend meetings, conferences, etc. Telephone Telephone for agenda calls or monthly meetings. 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. Insurance The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies. Legal Advertising The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation. Other Current Charges Bank charges and any other miscellaneous expenses that are incurred during the year. Office Supplies Miscellaneous office supplies. Dues, Licenses & Subscriptions The District is required to pay an annual fee to the Department of Economic Opportunity for $175. Membership with the Florida Association of Special Districts is provided to Supervisors and Staff. Capital Outlay Represents any minor capital expenditures the District may need to make during the Fiscal Year. Maintenance: Field Management Fees The District has contracted with GMS, LLC for the supervision and on-site management of Capital Region Community Development District. Their responsibilities include management of field services contracts such as landscape maintenance, ponds maintenance, and security patrols, oversight of capital assets and coordination of maintenance, repairs and replacement of capital assets. Security The District has contracted with Barkley Security Agency for security Services, to include patrol of District owned properties. The District also contracts with TPD for additional patrol services with law enforcement agencies on an as- needed basis. Communications The District has contracted Bulldog Strategy Group for professional public relations and communications services, to include maintenance of existing District communications tools and systems, monitoring of District issues and policies, and advisement of Board and staff regarding communications. Landscape/Pond/Irrigation Maintenance The District has contracted with All Pro Land Care of Tallahassee, Inc. to provide landscaping, pond and irrigation maintenance services to all the common areas within the District. Services include mowing, trimming, fertilization, maintenance of irrigations systems, and trimming of District owned trees. Maintenance: (continued) Landscape/Pond/Irrigation Maintenance (continued) Contracts Monthly Annual Landscape Maintenance – Contract $81,978 $983,735 Landscape Maintenance – New Units/Street Trees $833 $10,000 Pond Maintenance – Contract $417 $5,000 Pond Maintenance – New Units $83 $1,000 Pond Repairs – Current Units $2,500 $30,000 Pond Repairs – New Units $125 $1,500 Irrigation Maintenance – Contract $4,253 $51,030 Irrigation Maintenance – New Units $42 $500 Irrigation Repairs – Current Units $3,333 $40,000 Total $93,564 $1,122,765 SWMF Operating Permit Fees The District pays the City of Tallahassee, Growth Management Department for inspection of and the administration needed to issue operating permits for District owned and maintained Storm Water facilities. Preserve Maintenance The District has contracted with All Pro Land Care of Tallahassee, Inc. to maintain the various preserved areas within the District (listed as Park Maintenance), but also contacts out work in other preserve areas to various contractors. Tot-Lot Inspection Maintenance The District owns a recreational area that requires monthly inspection and repairs/replacements as well as mulch twice a year. Alleyway Maintenance The District conducts repairs and maintenance of the District-owned alleyways. Miscellaneous Maintenance Unscheduled repairs and maintenance to the District’s facilities not allocated to a particular area. Utilities The cost of electricity and Irrigation Water for Capital Region CDD for the following accounts: Account# Service Address Monthly Annual 1680485610 3766 Greyfield Dr - Pump 1 $100 $1,200 1780485610 2150 Merchants Row Blvd - Pump $50 $600 1894063223 2380 E Orange Ave Irr $450 $5,400 2429471295 3564 S Blair Stone Rd Reclaim $75 $900 2780485610 2588 Merchants Row Blvd - Pump $50 $600 3077919780 3136 Dickinson Dr. $50 $600 3183002658 3001 School House Rd Reclaimed $200 $2,400 3541485610 2301 E Orange Ave, Irr/3591 Strolling Way $50 $600 3543485610 3701 Mossy Creek Ln - Unit 1 $300 $3,600 3680485610 3765 Grove Park Dr $50 $600 4263972522 3029 Dickinson Dr. Area Lights $75 $900 4360485610 1900 Merchants Row-ENTRANCE $75 $900 4680485610 3992 Four Oaks Blvd $50 $600 5399698926 3252 Updike Ave IRR $50 $600 6243485610 3700 Mossy Creek Ln- Pump $50 $600 6948377092 1901 Merchants Row Blvd $50 $600 7042865610 4580 Grove Park Dr - IRR $50 $600 Utilities (continued) Account# Service Address Monthly Annual 7670485610 3766 Greyfield Dr $50 $600 8001821240 Various Locations- Area Lights $880 $10,560 8270485610 3603 Capital Cir SE Irr. $450 $5,400 8503683950 3751 Biltmore Ave - HYD $50 $600 8965428817 3559 Four Oaks Blvd $50 $600 9143451140 3700 Spider Lily Way $50 $600 9356890232 4583 Grove Park Dr. Temp. $50 $600 9413485610 3000 School House Road $50 $600 9650988960 3751 Biltmore Ave - IRR $50 $600 9674588544 Various Locations, Irrigation $50 $600 9699066720 3145 Mulberry Park Blvd. Area Light $200 $2,400 9778998416 2471 E Orange Ave. Irr. $45 $540 Total $ 3,750 $45,000 Special Events Pops in the park. Other Contingencies Unscheduled repairs and maintenance to the District’s Facilities throughout the community. Capital Expenditures Represents any new capital expenditures the District may need to make during the Fiscal Year. Reserves for Capital Repairs and Replacements This Reserve funding is for the Capital Repairs and Replacements for the District’s capital assets. Capital RegionCommunity Development District Capital ReserveAdoptedActualProjectedTotalAdopted BudgetThruNextProjectedBudgetDescriptionFY 20206/30/20203 Months9/30/2020FY 2021RevenuesCapital Reserve Contribution$119,209$0$94,209$94,209$89,209Designated reserves$181,304$72,998$0$72,998$148,399TOTAL REVENUES$300,513$72,998$94,209$167,207$237,608ExpendituresReserve for Capital - R&R$0$18,308$0$18,308$0Other Charges$600$375$125$499$600TOTAL EXPENDITURES$600$18,683$125$18,808$600ASSIGNED FUND BALANCE$299,913$54,315$94,084$148,399$237,008 Capital RegionCommunity Development DistrictDebt Service FundSeries 2011A-1 Capital Improvement Revenue BondsAdoptedActualProjectedTotalAdopted BudgetThruNextProjectedBudgetDescriptionFY 20206/30/20203 Months9/30/2020FY 2021Revenues Special Assessment - Tax Collector$379,445$381,362$0$381,362$379,445Interest Earned$1,000$3,190$100$3,290$1,000Carry Forward Surplus (1)$96,300$96,293$0$96,293$94,327TOTAL REVENUES$476,745$480,845$100$480,945$474,772ExpendituresSeries 2011A1Interest - 11/1 - 2011A1$85,659$85,959$0$85,959$80,837Interest - 5/1 - 2011A1$85,659$85,659$0$85,659$80,837PrincipaL - 5/1 - 2011A1$200,000$200,000$0$200,000$210,000Special Call- 5/1 - 2011A1$0$15,000$0$15,000$0TOTAL EXPENDITURES$371,318$386,618$0$386,618$371,673EXCESS REVENUES OVER EXPENDITURES$105,427$94,227$100$94,327$103,099 (1) Carry Forward Surplus is net of Reseve requirement11/1/2021Series 2011A1$76,028 Capital RegionCommunity Development DistrictSeries 2011A-1 Capital Improvement Revenue BondsA1 Term Bonds Due 5/1/2031Debt AmortizationDatePrincipalInterestPrincipal Balance Calendar Year11/01/20$0.00$80,836.50$3,040,000.00$80,836.5005/01/21$210,000.00$80,836.50$2,830,000.0011/01/21$0.00$76,027.50$2,830,000.00$366,864.0005/01/22$220,000.00$76,027.50$2,610,000.0011/01/22$0.00$70,912.50$2,610,000.00$366,940.0005/01/23$230,000.00$70,912.50$2,380,000.0011/01/23$0.00$65,450.00$2,380,000.00$366,362.5005/01/24$245,000.00$65,450.00$2,135,000.0011/01/24$0.00$58,712.50$2,135,000.00$369,162.5005/01/25$260,000.00$58,712.50$1,875,000.0011/01/25$0.00$51,562.50$1,875,000.00$370,275.0005/01/26$275,000.00$51,562.50$1,600,000.0011/01/26$0.00$44,000.00$1,600,000.00$370,562.5005/01/27$290,000.00$44,000.00$1,310,000.0011/01/27$0.00$36,025.00$1,310,000.00$370,025.0005/01/28$305,000.00$36,025.00$1,005,000.0011/01/28$0.00$27,637.50$1,005,000.00$368,662.5005/01/29$320,000.00$27,637.50$685,000.0011/01/29$0.00$18,837.50$685,000.00$366,475.0005/01/30$340,000.00$18,837.50$345,000.0011/01/30$0.00$9,487.50$345,000.00$368,325.0005/01/31$345,000.00$9,487.50$0.00$354,487.50totals$3,040,000.00$1,078,978.00$4,118,978.00 Capital RegionCommunity Development DistrictDebt Service FundSeries 2013 Capital Improvement Refunding BondsAdoptedActualProjectedTotalAdopted BudgetThruNextProjectedBudgetDescriptionFY 20206/30/20203 Months9/30/2020FY 2021Revenues Special Assessment - Tax Collector$862,173$866,282$0$866,282$862,173Interest Income$2,500$8,532$250$8,782$2,500Carry Forward Surplus (1)$347,730 $351,538$0$351,538$351,184TOTAL REVENUES$1,212,403$1,226,352$250$1,226,602$1,215,857ExpendituresInterest - 11/1$215,209$215,209$0$215,209$205,856Interest - 5/1$215,209$215,209$0$215,209$205,856Principal - 5/1$440,000$440,000$0$440,000$455,000Special Call - 5/1$0$5,000$0$5,000$0TOTAL EXPENDITURES$870,418$875,418$0$875,418$866,713EXCESS REVENUES OVER EXPENDITURES$341,985$350,934$250$351,184$349,144 (1) Carry Forward Surplus is net of Reseve requirement11/21 InterestSeries 2013$195,619Per UnitGrossNetLot Size# of UnitsAmountAssessmentsAssessmentsApartments486$359$174,421$162,211*Towns82$327$26,828$24,95040s153$382$58,516$54,420*55s107$464$49,650$46,175*65s127$573$72,743$67,651*75s56$655$36,694$34,12585s77$710$54,642$50,817*100s40$818$32,736$30,444*1/2 Ac73$982$71,717$66,697*1Ac3$1,282$3,847$3,578Epoch Apls (Acres)1$3,806$5,386$5,009Blended Commercial113$6,321$339,888$316,095Total1318$927,067$862,173* Certain Units have a lower debt per unit amount Capital RegionCommunity Development DistrictSeries 2013 Capital Improvement Refunding BondsA1 Term Bonds Due 5/1/2031Debt AmortizationDatePrincipalInterestPrincipal Balance Calendar Year11/01/20$205,856.25$7,435,000.00$205,856.2505/01/21$455,000.00$205,856.25$6,980,000.0011/01/21$195,618.75$6,980,000.00$856,475.0005/01/22$480,000.00$195,618.75$6,500,000.0011/01/22$184,338.75$6,500,000.00$859,957.5005/01/23$500,000.00$184,338.75$6,000,000.0011/01/23$172,213.75$6,000,000.00$856,552.5005/01/24$530,000.00$172,213.75$5,470,000.0011/01/24$158,831.25$5,470,000.00$861,045.0005/01/25$550,000.00$158,831.25$4,920,000.0011/01/25$144,393.75$4,920,000.00$853,225.0005/01/26$585,000.00$144,393.75$4,335,000.0011/01/26$127,575.00$4,335,000.00$856,968.7505/01/27$620,000.00$127,575.00$3,715,000.0011/01/27$109,750.00$3,715,000.00$857,325.0005/01/28$660,000.00$109,750.00$3,055,000.0011/01/28$90,775.00$3,055,000.00$860,525.0005/01/29$700,000.00$90,775.00$2,355,000.0011/01/29$70,650.00$2,355,000.00$861,425.0005/01/30$740,000.00$70,650.00$1,615,000.0011/01/30$48,450.00$1,615,000.00$859,100.0005/01/31$785,000.00$48,450.00$830,000.0011/01/31$24,900.00$830,000.00$858,350.0005/01/32$830,000.00$24,900.00$0.00$854,900.00totals$7,435,000.00$3,066,705.00$10,501,705.00 Capital RegionCommunity Development DistrictDebt Service FundSeries 2018A1 Capital Improvement Revenue Refunding BondsAdoptedActualProjectedTotalAdopted BudgetThruNextProjectedBudgetDescriptionFY 20206/30/20203 Months9/30/2020FY 2021Revenues Special Assessment - Tax Collector$220,083$221,211$0$221,211$220,083Special Assessment - Direct$1,086,011$760,207$325,803$1,086,011$1,086,011Interest Income$2,500$5,905$250$6,155$2,500Carry Forward Surplus (1)$413,531 $417,369$0$417,369$397,549TOTAL REVENUES$1,722,125$1,404,693$326,053$1,730,746$1,706,143ExpendituresInterest - 11/1$401,650$401,650$0$401,650$391,131Special Call - 11/1$0$5,000$0$5,000$0Interest - 5/1$401,650$401,547$0$401,547$391,131Principal - 5/1$510,000$510,000$0$510,000$530,000Special Call - 5/1$0$15,000$0$15,000$0TOTAL EXPENDITURES$1,313,300$1,333,197$0$1,333,197$1,312,263EXCESS REVENUES OVER EXPENDITURES$408,825$71,496$326,053$397,549$393,881 (1) Carry Forward Surplus is net of Reseve requirement11/21 InterestSeries 2018A1$380,200 Capital RegionCommunity Development DistrictSeries 2018A1 Capital Improvement Revenue Refunding BondsDebt AmortizationDatePrincipalInterestCouponsPrincipal Balance Calendar Year11/01/19$401,650.00$16,420,000.00$401,650.0005/01/20$510,000.00$401,650.004.125%$16,420,000.0011/01/20$391,131.25$15,910,000.00$1,302,781.2505/01/21$530,000.00$391,131.254.125%$15,910,000.0011/01/21$380,200.00$15,380,000.00$1,301,331.2505/01/22$555,000.00$380,200.004.125%$15,380,000.0011/01/22$368,753.13$14,825,000.00$1,303,953.1305/01/23$575,000.00$368,753.134.125%$14,825,000.0011/01/23$356,893.75$14,250,000.00$1,300,646.8805/01/24$600,000.00$356,893.754.625%$14,250,000.0011/01/24$343,018.75$13,650,000.00$1,299,912.5005/01/25$630,000.00$343,018.754.625%$13,650,000.0011/01/25$328,450.00$13,020,000.00$1,301,468.7505/01/26$660,000.00$328,450.004.625%$13,020,000.0011/01/26$313,187.50$12,360,000.00$1,301,637.5005/01/27$690,000.00$313,187.504.625%$12,360,000.0011/01/27$297,231.25$11,670,000.00$1,300,418.7505/01/28$725,000.00$297,231.254.625%$11,670,000.0011/01/28$280,465.63$10,945,000.00$1,302,696.8805/01/29$760,000.00$280,465.635.125%$10,945,000.0011/01/29$260,990.63$10,185,000.00$1,301,456.2505/01/30$800,000.00$260,990.635.125%$10,185,000.0011/01/30$240,490.63$9,385,000.00$1,301,481.2505/01/31$840,000.00$240,490.635.125%$9,385,000.0011/01/31$218,965.63$8,545,000.00$1,299,456.2505/01/32$885,000.00$218,965.635.125%$8,545,000.0010/31/32$196,287.50$7,660,000.00$1,300,253.1305/01/33$935,000.00$196,287.505.125%$7,660,000.0011/01/33$172,328.13$6,725,000.00$1,303,615.6305/01/34$980,000.00$172,328.135.125%$6,725,000.0011/01/34$147,215.63$5,745,000.00$1,299,543.7505/01/35$1,035,000.00$147,215.635.125%$5,745,000.0011/01/35$120,693.75$4,710,000.00$1,302,909.3804/30/36$1,090,000.00$120,693.755.125%$4,710,000.0010/31/36$92,762.50$3,620,000.00$1,303,456.2505/01/37$1,145,000.00$92,762.505.125%$3,620,000.0010/31/37$63,421.88$2,475,000.00$1,301,184.3805/01/38$1,205,000.00$63,421.885.125%$2,475,000.0011/01/38$32,543.75$1,270,000.00$1,300,965.6305/01/39$1,270,000.00$32,543.755.125%$1,270,000.00$1,302,543.75totals$16,420,000.00$10,013,362.50$26,433,362.50 Capital RegionCommunity Development DistrictDebt Service FundSeries 2018A2 Capital Improvement Revenue Refunding BondsAdoptedActualProjectedTotalAdopted BudgetThruNextProjectedBudgetDescriptionFY 20206/30/20203 Months9/30/2020FY 2021Revenues Special Assessment - Tax Collector$273,055$275,786$0$275,786$273,055Interest Income$2,500$1,810$250$2,060$2,500Carry Forward Surplus (1)$58,522 $59,572$0$59,572$57,226TOTAL REVENUES$334,077$337,167$250$337,417$332,781ExpendituresInterest - 11/1$55,096$55,096$0$55,096$51,899Interest - 5/1$55,096$55,096$0$55,096$51,899Principal - 5/1$165,000$165,000$0$165,000$170,000Special Call - 5/1$0$5,000$0$5,000$0TOTAL EXPENDITURES$275,191$280,191$0$280,191$273,798EXCESS REVENUES OVER EXPENDITURES$58,886$56,976$250$57,226$58,984 (1) Carry Forward Surplus is net of Reseve requirement11/21 InterestSeries 2018A2$48,605 Capital RegionCommunity Development DistrictSeries 2018A2 Capital Improvement Revenue Refunding BondsDebt AmortizationDatePrincipalInterestCouponsPrincipal Balance Calendar Year11/01/19$55,095.63$2,505,000.00$55,095.6305/01/20$165,000.00$55,095.633.875%$2,505,000.0011/01/20$51,898.75$2,340,000.00$271,994.3805/01/21$170,000.00$51,898.753.875%$2,340,000.0011/01/21$48,605.00$2,170,000.00$270,503.7505/01/22$175,000.00$48,605.003.875%$2,170,000.0011/01/22$45,214.38$1,995,000.00$268,819.3805/01/23$185,000.00$45,214.383.875%$1,995,000.0011/01/23$41,630.00$1,810,000.00$271,844.3805/01/24$190,000.00$41,630.004.600%$1,810,000.0011/01/24$37,260.00$1,620,000.00$268,890.0005/01/25$200,000.00$37,260.004.600%$1,620,000.0011/01/25$32,660.00$1,420,000.00$269,920.0005/01/26$210,000.00$32,660.004.600%$1,420,000.0011/01/26$27,830.00$1,210,000.00$270,490.0005/01/27$220,000.00$27,830.004.600%$1,210,000.0011/01/27$22,770.00$990,000.00$270,600.0005/01/28$230,000.00$22,770.004.600%$990,000.0011/01/28$17,480.00$760,000.00$270,250.0005/01/29$240,000.00$17,480.004.600%$760,000.0011/01/29$11,960.00$520,000.00$269,440.0005/01/30$255,000.00$11,960.004.600%$520,000.0011/01/30$6,095.00$265,000.00$273,055.0005/01/31$265,000.00$6,095.004.600%$265,000.00$271,095.00totals$2,505,000.00$796,997.50$3,301,997.50