Adopted Budget	
Fiscal Year 2023	

Capital Region	
Community Development District	

August 11, 2022

Capital Region	
Community Development District	

TABLE OF CONTENTS

General Fund	
Budget	
Per Unit Assessment - Schedule	
Narrative	

Page 1 - 2	
Page 3	
Page 4 - 7	

Capital Reserve Fund	
Budget	

Page 8

Debt Service Fund

Series 2013	
Budget	
Amortization Schedule - 2013	

Page 9	
Page 10	

Series 2018A1	
Budget	
Amortization Schedule - 2018A1	

Page 11	
Page 12	

Series 2018A2	
Budget	
Amortization Schedule - 2018A2	

Page 13	
Page 14	

Series 2021	
Budget	
Amortization Schedule - 2018A2	

Page 15	
Page 16	

Capital Region	
Community Development District	
General Fund

Adopted	
Budget	
FY 2022	

Actual	
Thru	
6/30/2022	

Projected	
Next	
3 Months	

Total	
Projected	
9/30/2022	

Adopted	
Budget	
FY 2023	

Description

Revenues

Special Assessment - On Roll	
Special Assessment - Direct - St Joe	
Interest Income/Misc. Revenue	

$1,503,242	
$332,617	
$8,000	

$1,511,847	
$280,317	
$3,227	

$467	
$52,301	
$2,700	

$1,512,314	
$332,617	
$5,927	

1,576,859	
348,906	
$1,000	

TOTAL REVENUES	$1,843,859	$1,795,391	$55,467	$1,850,858	1,926,765

Expenditures

Administrative	
Supervisor Fees	
FICA	
Engineering Fees	
Arbitrage Rebate	
Dissemination Agent	
Attorney Fees	
Annual Audit	
Annual Report	
Trustee Fees	
Assessment Roll Services	
Management Fees	
Information Technology	
Website Administration	
Record Storage	
Travel & Per Diem	
Telephone	
Postage	
Printing & Binding	
Insurance	
Legal Advertising	
Other Current Charges	
Office Supplies	
Dues, Licenses & Subscriptions	
Capital Outlay	

$12,000	
$918	
$25,000	
$1,200	
$7,300	
$57,000	
$3,710	
$500	
$15,520	
$11,500	
$48,620	
$2,800	
$0	
$150	
$2,000	
$300	
$1,000	
$2,000	
$19,730	
$3,500	
$1,600	
$200	
$175	
$250	

$5,400	
$413	
$4,033	
$1,200	
$5,625	
$13,227	
$3,710	
$0	
$4,148	
$11,500	
$36,465	
$2,100	
$1,000	
$0	
$0	
$220	
$492	
$590	
$18,597	
$1,313	
$1,123	
$60	
$175	
$0	

$3,000	
$230	
$10,000	
$0	
$1,675	
$43,773	
$0	
$500	
$11,372	
$0	
$12,155	
$700	
$0	
$150	
$2,000	
$80	
$508	
$1,410	
$0	
$550	
$477	
$140	
$0	
$0	

$8,400	
$643	
$14,033	
$1,200	
$7,300	
$57,000	
$3,710	
$500	
$15,520	
$11,500	
$48,620	
$2,800	
$1,000	
$150	
$2,000	
$300	
$1,000	
$2,000	
$18,597	
$1,863	
$1,600	
$200	
$175	
$0	

$12,000	
$918	
$25,000	
$1,800	
$7,500	
$57,000	
$3,850	
$500	
$15,520	
$11,500	
$51,051	
$2,800	
$1,200	
$150	
$2,000	
$300	
$1,000	
$2,000	
$20,457	
$3,500	
$1,600	
$200	
$175	
$250	

TOTAL ADMINISTRATIVE EXPENDITURES	$216,973	$111,390	$88,721	$200,111	$222,270

Field 	
Management Fees	
Security	
Communications	
Utilities	
Landscape Maintenance - Contract	
Landscape Maintenance - New Units/Street Trees	
Pond Maintenance - Contract	
Pond Repairs - Current Units	
SWMF Operating Permit Fees	

$132,300	
$7,000	
$6,000	
$45,000	
$1,030,628	
$5,000	
$5,000	
$37,500	
$918	

$99,225	
$5,856	
$3,000	
$40,598	
$773,515	
$6,140	
$2,780	
$41,010	
$2,295	

$33,075	
$0	
$0	
$21,000	
$257,838	
$0	
$1,480	
$0	
$0	

$132,300	
$5,856	
$3,000	
$61,598	
$1,031,353	
$6,140	
$4,260	
$41,010	
$2,295	

$138,915	
$7,000	
$0	
$45,000	
$1,043,365	
$5,500	
$5,000	
$40,000	
$4,130	

Capital Region	
Community Development District	
General Fund

Field (continued)	
Irrigation Maintenance - Contract	
Irrigation Maintenance - New Units	
Irrigation Repairs - Current Units	
Preserve Maintenance	
Tot Lot Inspection/Maintenance	
Tree Removal/Trimming/Cleanup	
Alleyway Maintenance	
Miscellaneous Maintenance	
Special Events	
Other - Contingency	
Capital Expenditures	
Reserve for Capital - R&R	
Common Area Maintenance	

$55,488	
$0	
$45,000	
$37,500	
$6,500	
$38,000	
$5,000	
$7,500	
$5,000	
$5,000	
$9,000	
$135,552	
$8,000	

$40,327	
$67	
$60,160	
$18,301	
$375	
$31,550	
$1,290	
$4,392	
$5,000	
$175	
$4,663	
$135,552	
$0	

$13,445	
$0	
$0	
$19,199	
$6,125	
$6,451	
$3,710	
$0	
$0	
$3,967	
$0	
$0	
$8,000	

$53,772	
$67	
$60,160	
$37,500	
$6,500	
$38,000	
$5,000	
$4,392	
$5,000	
$4,142	
$4,663	
$135,552	
$8,000	

$54,085	
$500	
$45,000	
$40,000	
$7,500	
$38,000	
$5,000	
$7,500	
$5,000	
$5,000	
$25,000	
$175,000	
$8,000	

Adopted	
Budget	
FY 2022	

Actual	
Thru	
6/30/2022	

Projected	
Next	
3 Months	

Total	
Projected	
9/30/2022	

Adopted	
Budget	
FY 2023	

Description

TOTAL FIELD EXPENDITURES	$1,626,886		$1,276,273		$374,290		$1,650,563		$1,704,495	
										
TOTAL EXPENDITURES	$1,843,859		$1,387,663		$463,010		$1,850,673		$1,926,765	
										
EXCESS REVENUES OVER EXPENDITURES	($0)		$407,728		($407,543)		$185		$0	

Capital Region	
Community Development District	

Assessment Allocation	
	Adopted	
			FY 2022	FY 2023	
Net Assessment			$1,394,014	$1,576,859	
Plus Collection Fees (7%)			$104,926	$118,688	
Gross Assessments			$1,498,940	$1,695,547	
Use of Fund Balance			$0	$0	
No. of Units			3,264	3,663	
	
12.73% increase	
4.90% increase	
		#	Gross	Gross	
Lot Size		Of Units	Per Unit	Per Unit	
		Total	Amount	Amount	
			FY 2022	FY 2023	
Apartments		1,493	$242.41	$254.28	
Townhomes		298	$233.27	$244.69	
Duplex		0	$0.00	$0.00	
30s		53	$255.49	$268.00	
40s		224	$272.15	$285.48	
55s		271	$330.46	$346.64	
65s		348	$408.22	$428.21	
75s		209	$466.53	$489.38	
85s		108	$507.74	$532.61	
90s		22	$573.91	$602.02	
100s		190	$583.18	$611.74	
1/2 Ac		142	$699.82	$734.09	
1Ac		40	$913.65	$958.39	
ACLF		101	$122.42	$128.42	
Blended Commercial		161.186	$2,722.15	$2,855.46	
Golf Club		1	$14,948.44	$15,680.50	
Catholic School		1	$0.00	$0.00	
Southwood House		0.390	$2,722.15	$2,855.46	
Total		
3,662.576			

Capital Region
Community Development District	General Fund

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.

Capital Region
Community Development District	General Fund

Administrative: (continued)

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.

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.

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.

Capital Region		
Community Development District			General Fund	

Maintenance: (continued)				
Landscape/Pond/Irrigation Maintenance (continued)				
Contracts	Monthly	Annual		
Landscape Maintenance – Contract	$85,946	1,031,353		
Landscape Maintenance – New Units/Street Trees	$417	$5,000		
Pond Maintenance – Contract	$417	$5,000		
Pond Repairs – Current Units	$3,125	$37,500		
Irrigation Maintenance – Contract	$4,624	$55,488		
Irrigation Repairs – Current Units	$3,750	$45,000		
Total	$98,219	$1,178,616		

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	

Capital Region
Community Development District	General Fund

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 Region	
Community Development District	

Capital Reserve

Adopted	
Budget	
	FY 2022		

Actual	
Thru	
  6/30/2022 	

Projected	
Next	
  3 Months 	

Total	
Projected	
  9/30/2022 	

Adopted	
Budget	
	FY 2023		

 Description	

Revenues

Capital Reserve Contribution	
Designated reserves	

$135,552	
$101,290	

$135,552	
$1,799	

$0	
$0	

$135,552	
$1,799	

$175,000	
$121,168	

TOTAL REVENUES		$236,843 		$137,351 		$0 		$137,351 		$296,168 

Expenditures

Reserve for Capital - R&R	
Other Charges	

$0	
$600	

$15,584	
$378	

$0	
$222	

$15,584	
$600	

$0	
$600	

TOTAL EXPENDITURES		$600 			$15,962 			$222 			$16,184 			$600 	
ASSIGNED FUND BALANCE		$236,243 			$121,389 			($221)			$121,168 			$295,568	

Capital Region
Community Development District	Debt Service Fund
Series 2013 Capital Improvement Refunding Bonds

	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Adopted
Budget	
 Description				FY 2022			  6/30/2022 		  3 Months 		  9/30/2022 			FY 2023		
Revenues											
Special Assessment - Tax Collector		$862,173		$867,592		$0		$867,592		$862,129	
Interest Income		$200		$378		$50		$428		$100	
Carry Forward Surplus (1)		$345,644		$345,761		$0		$345,761		$332,987	
TOTAL REVENUES		  $1,208,016 		  $1,213,731 			$50 		  $1,213,781 		  $1,195,216 	
Expenditures											
Interest - 11/1		$195,343		$195,469		$0		$195,469		$183,901	
Special Call - 11/1		$0		$5,000		$0		$5,000		$0	
Interest - 5/1		$195,343		$195,325		$0		$195,325		$183,901	
(2) Principal - 5/1		$480,000		$480,000		$0		$480,000		$500,000	
Special Call - 5/1		$0		$5,000		$0		$5,000		$0	
TOTAL EXPENDITURES			$870,685 			$880,794 			$0 			$880,794 			$872,803 	
EXCESS REVENUES OVER EXPENDITURES			$337,331 			$332,937 			$50 			$332,987 			$322,414 	

11/1/2023 - Interest
Series 2013	$171,776	

(1) Carry Forward Surplus is net of Reseve requirement
(2) The Series 2013 Bonds are subject to optional redemption by the District on or after May 1, 2024.

Lot Size	
# of Units	Per Unit Amount	Gross Assessments	Net Assessments	
Apartments	486	$359	$174,421	$162,211	
*Towns	82	$327	$26,828	$24,950	
40s	153	$382	$58,516	$54,420	
*55s	107	$464	$49,650	$46,175	
*65s	127	$573	$72,743	$67,651	
*75s	56	$655	$36,694	$34,125	
85s	77	$710	$54,642	$50,817	
*100s	40	$818	$32,736	$30,444	
*1/2 Ac	73	$982	$71,717	$66,697	
*1Ac	3	$1,282	$3,847	$3,578	
Epoch Apls (Acres)	1	$3,806	$5,386	$5,009	
Blended Commercial	113	$6,321	$339,888	$316,051	
Total	1318		$927,067	$862,129	
* Certain Units have a lower debt per unit amount

Capital Region	
Community Development District	

 	
Series 2013 Capital Improvement Refunding Bonds	
A1 Term Bonds Due 5/1/2031	
Debt Amortization	

Date	Principal	Interest	Principal Balance	Calendar Year
	
11/01/22	$183,901.25	$6,485,000.00	
05/01/23	$500,000.00	$183,901.25	$6,485,000.00	$867,802.50	
11/01/23	$171,776.25	$5,985,000.00	
05/01/24	$530,000.00	$171,776.25	$5,985,000.00	$873,552.50	
11/01/24	$158,393.75	$5,455,000.00	
05/01/25	$550,000.00	$158,393.75	$5,455,000.00	$866,787.50	
11/01/25	$143,956.25	$4,905,000.00	
05/01/26	$585,000.00	$143,956.25	$4,905,000.00	$872,912.50	
11/01/26	$127,137.50	$4,320,000.00	
05/01/27	$620,000.00	$127,137.50	$4,320,000.00	$874,275.00	
11/01/27	$109,312.50	$3,700,000.00	
05/01/28	$655,000.00	$109,312.50	$3,700,000.00	$873,625.00	
11/01/28	$90,481.25	$3,045,000.00	
05/01/29	$695,000.00	$90,481.25	$3,045,000.00	$875,962.50	
11/01/29	$70,500.00	$2,350,000.00	
05/01/30	$735,000.00	$70,500.00	$2,350,000.00	$876,000.00	
11/01/30	$48,450.00	$1,615,000.00	
05/01/31	$785,000.00	$48,450.00	$1,615,000.00	$881,900.00	
11/01/31	$24,900.00	$830,000.00	
05/01/32	$830,000.00	$24,900.00	$830,000.00	$879,800.00	

totals		$6,485,000.00 		$2,257,617.50 		$8,742,617.50 

Capital Region	
Community Development District	

 	
Debt Service Fund	
Series 2018A1 Capital Improvement Revenue Refunding Bonds	

Adopted	
Budget	
	FY 2022		

Actual	
Thru	
  6/30/2022 	

Projected	
Next	
  3 Months 	

Total	
Projected	
  9/30/2022 	

Adopted	
Budget	
	FY 2023		

 Description	

Revenues	
Special Assessment - Tax Collector	
Special Assessment - Direct	
Interest Income	
Carry Forward Surplus (1)	

$220,083	$449,643	
$1,086,011	$609,909	
$50	$234	
$384,020	$384,796	

$0	
$249,393	
$10	
$0	

$449,643	
$859,302	
$244	
$384,796	

$446,802	
$859,302	
$50	
$385,047	

TOTAL REVENUES	 $1,690,164 	 $1,444,582 		$249,403 	 $1,693,985 	 $1,691,201 

Interest - 11/1	
Interest - 5/1	
Principal - 5/1	

$379,469	
$379,469	
$550,000	

$379,469	
$379,469	
$550,000	

$0	
$0	
$0	

$379,469	
$379,469	
$550,000	

$368,125	
$368,125	
$575,000	
  $1,311,250 	
	$379,951 	

Expenditures

11/1/2023 - Interest	
Series 2018A1	$356,266	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

TOTAL EXPENDITURES	  $1,308,938 		  $1,308,938 			$0 		  $1,308,938 	
EXCESS REVENUES OVER EXPENDITURES		$381,226 			$135,644 			$249,403 			$385,047 	

(1) Carry Forward Surplus is net of Reseve requirement

Per Unit	Gross	Net	
Lot Size	# of Units	Amount	Assessments	Assessments	

APT	766	$326.50	250,099	$232,592
ACLF	101	$156.69	15,826	$14,718
DUBLEX	-	$323.88	-	$0
TH	46	$297.62	13,691	$12,732
40	43	$346.64	14,906	$13,862
55	54	$421.04	22,736	$21,145
65	110	$519.95	57,195	$53,191
SERIES 60	-	$519.95	-	$0
75	76	$594.36	45,171	$42,009
85	31	$644.25	19,972	$18,574
90	22	$693.71	15,262	$14,193
100	29	$743.17	21,552	$20,043
1/2 ACRE	3	$891.99	2,676	$2,489
COTTAGES	0.390	$3,457	1,348	$1,254	
TOTAL ON ROLL	1,281	480,432	$446,802	

DEVELOPABLE ACRES	484	$1,775	923,980	859,302

Capital Region	
Community Development District	

 	
Series 2018A1 Capital Improvement Revenue Refunding Bonds	
Debt Amortization	

Date	Principal	Interest	Coupons	Principal Balance	Calendar Year	

11/01/22	$368,125.00	$14,800,000.00	
05/01/23	$575,000.00	$368,125.00	4.125%	$14,800,000.00	$1,311,250.00	
11/01/23	$356,265.63	$14,225,000.00	
05/01/24	$600,000.00	$356,265.63	4.625%	$14,225,000.00	$1,312,531.25	
11/01/24	$342,390.63	$13,625,000.00	
05/01/25	$630,000.00	$342,390.63	4.625%	$13,625,000.00	$1,314,781.25	
11/01/25	$327,821.88	$12,995,000.00	
05/01/26	$660,000.00	$327,821.88	4.625%	$12,995,000.00	$1,315,643.75	
11/01/26	$312,559.38	$12,335,000.00	
05/01/27	$690,000.00	$312,559.38	4.625%	$12,335,000.00	$1,315,118.75	
11/01/27	$296,603.13	$11,645,000.00	
05/01/28	$720,000.00	$296,603.13	4.625%	$11,645,000.00	$1,313,206.25	
11/01/28	$279,953.13	$10,925,000.00	
05/01/29	$760,000.00	$279,953.13	5.125%	$10,925,000.00	$1,319,906.25	
11/01/29	$260,478.13	$10,165,000.00	
05/01/30	$800,000.00	$260,478.13	5.125%	$10,165,000.00	$1,320,956.25	
11/01/30	$239,978.13	$9,365,000.00	
05/01/31	$840,000.00	$239,978.13	5.125%	$9,365,000.00	$1,319,956.25	
11/01/31	$218,453.13	$8,525,000.00	
05/01/32	$885,000.00	$218,453.13	5.125%	$8,525,000.00	$1,321,906.25	
10/31/32	$195,775.00	$7,640,000.00	
05/01/33	$930,000.00	$195,775.00	5.125%	$7,640,000.00	$1,321,550.00	
11/01/33	$171,943.75	$6,710,000.00	
05/01/34	$980,000.00	$171,943.75	5.125%	$6,710,000.00	$1,323,887.50	
11/01/34	$146,831.25	$5,730,000.00	
05/01/35	$1,030,000.00	$146,831.25	5.125%	$5,730,000.00	$1,323,662.50	
11/01/35	$120,437.50	$4,700,000.00	
04/30/36	$1,085,000.00	$120,437.50	5.125%	$4,700,000.00	$1,325,875.00	
10/31/36	$92,634.38	$3,615,000.00	
05/01/37	$1,145,000.00	$92,634.38	5.125%	$3,615,000.00	$1,330,268.75	
10/31/37	$63,293.75	$2,470,000.00	
05/01/38	$1,205,000.00	$63,293.75	5.125%	$2,470,000.00	$1,331,587.50	
11/01/38	$32,415.63	$1,265,000.00	
05/01/39	$1,265,000.00	$32,415.63	5.125%	$1,265,000.00	$1,329,831.25	

totals	$14,800,000.00	$7,651,918.75	$22,451,918.75

Capital Region	
Community Development District	

 	
Debt Service Fund	
Series 2018A2 Capital Improvement Revenue Refunding Bonds	

Adopted	
Budget	
	FY 2022		

Actual	
Thru	
  6/30/2022 	

Projected	
Next	
  3 Months 	

Total	
Projected	
  9/30/2022 	

Adopted	
Budget	
	FY 2023		

 Description	

Revenues	
Special Assessment - Tax Collector	
Interest Income	
Carry Forward Surplus (1)	

$281,879	$275,632	
$0	$54	
$49,598	$50,333	

$660	
$3	
$0	

$276,292	
$57	
$50,333	

$272,757	
$0	
$50,126	

TOTAL REVENUES		$331,478 		$326,019 		$663 		$326,682 		$322,882 

Expenditures

Interest - 11/1	
Interest - 5/1	
Principal - 5/1	
Special Call - 5/1	

$48,278	
$48,278	
$175,000	
$0	

$48,278	
$48,278	
$175,000	
$5,000	

$0	
$0	
$0	
$0	

$48,278	
$48,278	
$175,000	
$5,000	

$44,773	
$44,773	
$180,000	
$0	

TOTAL EXPENDITURES		$271,556 			$276,556 			$0 			$276,556 			$269,545 	
EXCESS REVENUES OVER EXPENDITURES		$59,921 			$49,463 			$663 			$50,126 			$53,337 	

11/1/2023 - Interest	
Series 2018A2	$41,285	

(1) Carry Forward Surplus is net of Reseve requirement

		Per Unit	Gross	Net	
Lot Size	# of Units	Amount	Assessments	Assessments	
GOLF CLUB	1	$19,902.55	$19,902.55	$18,509.37	
CATHOLIC SCHOOL	1	$20,520.07	$20,520.07	$19,083.67	
COMMERCIAL	43.37	$3,691.00	$160,086.05	$148,880.03	
COMMERCIAL-2	3.84	$2,207.33	$8,476.15	$7,882.82	
APT	241	$349.80	$84,301.80	$78,400.67	
TOTJAL	290		$293,286.62	$272,756.56	

Capital Region	
Community Development District	

 	
Series 2018A2 Capital Improvement Revenue Refunding Bonds	
Debt Amortization	

Date	Principal	Interest	Coupons	Principal Balance	Calendar Year	

11/01/22	$44,772.50	$1,975,000.00	$273,050.63	
05/01/23	$180,000.00	$44,772.50	3.875%	$1,975,000.00	
11/01/23	$41,285.00	$1,795,000.00	$266,057.50	
05/01/24	$190,000.00	$41,285.00	4.600%	$1,795,000.00	
11/01/24	$36,915.00	$1,605,000.00	$268,200.00	
05/01/25	$200,000.00	$36,915.00	4.600%	$1,605,000.00	
11/01/25	$32,315.00	$1,405,000.00	$269,230.00	
05/01/26	$210,000.00	$32,315.00	4.600%	$1,405,000.00	
11/01/26	$27,485.00	$1,195,000.00	$269,800.00	
05/01/27	$215,000.00	$27,485.00	4.600%	$1,195,000.00	
11/01/27	$22,540.00	$980,000.00	$265,025.00	
05/01/28	$230,000.00	$22,540.00	4.600%	$980,000.00	
11/01/28	$17,250.00	$750,000.00	$269,790.00	
05/01/29	$240,000.00	$17,250.00	4.600%	$750,000.00	
11/01/29	$11,730.00	$510,000.00	$268,980.00	
05/01/30	$250,000.00	$11,730.00	4.600%	$510,000.00	
11/01/30	$5,980.00	$260,000.00	$267,710.00	
05/01/31	$260,000.00	$5,980.00	4.600%	$260,000.00	$265,980.00	

totals	$1,975,000.00	$480,545.00	$2,683,823.13

Capital Region	
Community Development District	

 	
Debt Service Fund	
Series 2021 Capital Improvement Revenue Refunding Bonds	

Proposed	
Budget	
	FY 2022		

Actual	
Thru	
  6/30/2022 	

Projected	
Next	
  3 Months 	

Total	
Projected	
  9/30/2022 	

Adopted	
Budget	
	FY 2023		

 Description	

Revenues	
Special Assessment - Tax Collector	
Interest Income	
Carry Forward Surplus (1)	

$318,938	$320,160	
$0	$98	
$56,131	$51,583	

$0	
$9	
$0	

$320,160	
$107	
$51,583	

$318,938	
$0	
$42,905	

TOTAL REVENUES		$375,069 		$371,841 		$9 		$371,850 		$361,843 

Expenditures

Interest - 11/1	
Interest - 5/1	
Principal - 5/1	

$43,944	
$35,000	
$250,000	

$43,944	
$35,000	
$250,000	

$0	
$0	
$0	

$43,944	
$35,000	
$250,000	

$31,875	
$31,875	
$255,000	

TOTAL EXPENDITURES		$328,944 			$328,944 			$0 			$328,944 			$318,750 	
EXCESS REVENUES OVER EXPENDITURES		$46,124 			$42,896 			$9 			$42,905 			$43,093 	

11/1/2023 - Interest	
Series 2021	$28,688	

(1) Carry Forward Surplus is net of Reseve requirement

		Per Unit	Gross	Net	
Lot Size	# of Units	Amount	Assessments	Assessments	
Townhomes	60	$215.13	$12,908	$12,004	
Townhomes	110	$258.87	$28,476	$26,483	
Single Family 30s	53	$282.54	$14,974	$13,926	
Single Family 40s	28	$302.61	$8,473	$7,880	
Single Family 55s	28	$304.76	$8,533	$7,936	
Single Family 55s	82	$367.13	$30,105	$27,997	
Single Family 65s	42	$376.47	$15,812	$14,705	
Single Family 65s	69	$453.20	$31,271	$29,082	
Single Family 75s	34	$430.26	$14,629	$13,605	
Single Family 75s	43	$518.46	$22,294	$20,733	
Single Family 100s	32	$537.82	$17,210	$16,005	
Single Family 100s	89	$647.54	$57,631	$53,597	
Custom 1/2 acre	22	$645.39	$14,199	$13,205	
Custom 1/2 acre	44	$777.33	$34,203	$31,808	
Custom 1 acre	25	$842.59	$21,065	$19,590	
Custom 1 acre	11	$1014.69	$11,162	$10,380	
Total	772	$342,943	$318,937	

Capital Region	
Community Development District	

 	
Series 2021 Capital Improvement Revenue Refunding Bonds	
Debt Amortization	

Date	Principal	Interest	Coupons	Principal Balance	Calendar Year	

11/01/22	$31,875.00	2.50%	$2,550,000.00	$316,875.00	
05/01/23	$255,000.00	$31,875.00	2.50%	$2,550,000.00	
11/01/23	$28,687.50	2.50%	$2,295,000.00	$315,562.50	
05/01/24	$260,000.00	$28,687.50	2.50%	$2,295,000.00	
11/01/24	$25,437.50	2.50%	$2,035,000.00	$314,125.00	
05/01/25	$270,000.00	$25,437.50	2.50%	$2,035,000.00	
11/01/25	$22,062.50	2.50%	$1,765,000.00	$317,500.00	
05/01/26	$275,000.00	$22,062.50	2.50%	$1,765,000.00	
11/01/26	$18,625.00	2.50%	$1,490,000.00	$315,687.50	
05/01/27	$285,000.00	$18,625.00	2.50%	$1,490,000.00	
11/01/27	$15,062.50	2.50%	$1,205,000.00	$318,687.50	
05/01/28	$290,000.00	$15,062.50	2.50%	$1,205,000.00	
11/01/28	$11,437.50	2.50%	$915,000.00	$316,500.00	
05/01/29	$295,000.00	$11,437.50	2.50%	$915,000.00	
11/01/29	$7,750.00	2.50%	$620,000.00	$314,187.50	
05/01/30	$305,000.00	$7,750.00	2.50%	$620,000.00	
11/01/30	$3,937.50	2.50%	$315,000.00	$316,687.50	
05/01/31	$315,000.00	$3,937.50	2.50%	$315,000.00	$318,937.50	

totals	$2,550,000.00	$329,750.00	$3,164,750.00