Approved Proposed BudgetFiscal Year 2024 Capital Region Community Development District May 11, 2023 signature_664070857 Capital RegionCommunity Development District TABLE OF CONTENTS General FundBudgetPer Unit Assessment - ScheduleNarrative Page 1 - 2Page 3Page 4 - 7 Capital Reserve FundBudget Page 8 Debt Service Fund Series 2013BudgetAmortization Schedule - 2013 Page 9Page 10 Series 2018A1BudgetAmortization Schedule - 2018A1 Page 11Page 12 Series 2018A2BudgetAmortization Schedule - 2018A2 Page 13Page 14 Series 2021BudgetAmortization Schedule - 2018A2 Page 15Page 16 Capital RegionCommunity Development DistrictGeneral FundAdoptedActualProjectedTotalApprovedBudgetThruNextProjectedBudgetDescriptionFY 20233/31/20236 Months9/30/2023FY 2024RevenuesSpecial Assessment - On Roll$1,576,859$1,557,992$63,855$1,621,8471,706,340Special Assessment - Direct - St Joe$348,906$201,076$102,842$303,918319,750Interest Income/Misc. Revenue$1,000$19,435$10,000$29,435$10,000TOTAL REVENUES$1,926,765$1,778,504$176,697$1,955,2002,036,090ExpendituresAdministrativeSupervisor Fees$12,000$3,400$6,000$9,400$12,000FICA$918$260$459$719$918Engineering Fees$25,000$1,095$23,905$25,000$25,000ArbitrageRebate$1,800$600$1,200$1,800$1,800Dissemination Agent$7,500$3,750$3,750$7,500$7,950AttorneyFees$57,000$9,833$47,167$57,000$57,000Annual Audit$3,850$3,850$0$3,850$3,925Annual Report$500$0$500$500$500Trustee Fees$15,520$4,148$11,372$15,520$15,520Assessment Roll Services$11,500$11,500$0$11,500$12,190Management Fees$51,051$25,526$25,526$51,051$54,114InformationTechnology$2,800$1,400$1,400$2,800$2,968Website Administration$1,200$600$600$1,200$1,272Record Storage$150$0$150$150$150Travel &Per Diem$2,000$0$2,000$2,000$2,000Telephone$300$100$200$300$300Postage$1,000$361$639$1,000$1,000Printing & Binding$2,000$407$1,593$2,000$2,000General Liability Insurance$20,457$11,195$0$11,195$12,874Legal Advertising$3,500$793$2,707$3,500$3,500Other Current Charges$1,600$1,221$379$1,600$1,600Office Supplies$200$13$187$200$200Dues, Licenses& Subscriptions$175$175$0$175$175Capital Outlay$250$0$250$250$250TOTALADMINISTRATIVE EXPENDITURES$222,270$80,227$129,983$210,210$219,206FieldProperty Insurance$0$8,998$0$8,998$13,497Management Fees$138,915$69,458$69,458$138,915$147,250Security$7,000$2,870$4,130$7,000$7,000Utilities$45,000$28,477$24,523$53,000$57,800LandscapeMaintenance- Contract$1,043,365$521,682$521,682$1,043,365$1,066,255Landscape Maintenance -NewUnits/Street Trees$5,500$606$4,894$5,500$5,500PondMaintenance- Contract$5,000$7,106$7,000$14,106$15,000Pond Repairs - Current Units$40,000$22,840$17,160$40,000$40,000SWMFOperatingPermit Fees$4,130$3,213$917$4,130$7,803 Page 1 Capital RegionCommunity Development DistrictGeneral FundAdoptedActualProjectedTotalApprovedBudgetThruNextProjectedBudgetDescriptionFY 20233/31/20236 Months9/30/2023FY 2024Field (continued) Irrigation Maintenance- Contract$54,085$27,042$27,042$54,085$55,280Irrigation Maintenance - New Units$500$0$500$500$500Irrigation Repairs- Current Units$45,000$26,874$18,126$45,000$45,000Preserve Maintenance$40,000$15,064$24,936$40,000$40,000Tot Lot Inspection/Maintenance$7,500$3,841$3,659$7,500$7,500Tree Removal/Trimming/Cleanup$38,000$23,515$14,485$38,000$38,000Alleyway Maintenance$5,000$709$4,291$5,000$5,000Miscellaneous Maintenance$7,500$2,799$15,127$17,926$7,500Special Events$5,000$0$5,000$5,000$5,000Other - Contingency$5,000$1,529$3,471$5,000$5,000Capital Expenditures$25,000$28,966$0$28,966$25,000Reserve for Capital- R&R$175,000$175,000$0$175,000$215,000Common AreaMaintenance$8,000$625$7,375$8,000$8,000TOTAL FIELDEXPENDITURES$1,704,495$971,214$773,777$1,744,991$1,816,885TOTAL EXPENDITURES$1,926,765$1,051,441$903,759$1,955,200$2,036,091EXCESS REVENUES OVER EXPENDITURES$0$727,063($727,063)$0$0 Page 2 Capital Region Community Development District Assessment Allocation Approved FY 2023 FY 2024 Net Assessment $1,576,859 $1,706,342 Plus Collection Fees (7%) $118,688 $128,434 Gross Assessments $1,695,547 $1,834,774 Use of Fund Balance $0 $0 No. of Units 3,663 3,763 4.90% increase 5.21% increase # Gross Gross Lot SizeOf Units Per Unit Per Unit Total Amount Amount FY 2023 FY 2024 Apartments1,493 $254.28 $267.53 Townhomes298 $244.69 $257.44 Duplex0 $0.00 $0.00 30s53 $268.00 $281.96 40s250 $285.48 $300.35 55s271 $346.64 $364.70 65s382 $428.21 $450.52 75s209 $489.38 $514.87 85s111 $532.61 $560.35 90s26 $602.02 $633.38 100s205 $611.74 $643.61 1/2 Ac160 $734.09 $772.34 1Ac40 $958.39 $1,008.32 ACLF101 $128.42 $135.11 Blended Commercial161.186 $2,855.46 $3,004.22 Golf Club1 $15,680.50 $16,497.40 Catholic School1 $0.00 $0.00 Southwood House0.390 $2,855.46 $3,004.22 Total3,762.576 Page 3 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. 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. General Liability 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: Property Insurance The District's Property Liability Insurance policy is with Egis Insurance specializes in providing insurance coverage to governmental agencies. 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. Maintenance: (continued) Landscape/Pond/Irrigation Maintenance (continued) Contracts Monthly Annual Landscape Maintenance – Contract $8,855 1,066,255 Landscape Maintenance – New Units/Street Trees $458 $5,500 Pond Maintenance – Contract $1,250 $15,000 Pond Repairs – Current Units $3,333 $40,000 Irrigation Maintenance – Contract $4,607 $55,280 Irrigation Repairs – Current Units $3,750 $45,000 Total $102,253 $1,227,035 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. 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. Utilities The cost of electricity and Irrigation Water for Capital Region CDD for the following accounts: NEW acct#Services AddressMonthlyAnnual1000120043992 Four Oaks Blvd$12.63$151.521000127013705 Four Oaks Blvd$83.63$1,003.521000127351901 Merchants Row Blvd$80.66$967.961000128133136 Dickinson Dr. $13.76$165.101000138162380 E Orange Ave Irr$997.91$11,974.94 NEW acct#Services AddressMonthlyAnnual1000138452588 Merchants Row Blvd - Pump$13.15$157.741000138783564 S Blair Stone Rd Reclaim$0.42$5.061000139663559 Four Oaks Blvd$13.11$157.261000139973700 Spider Lily Way$13.19$158.241000140283700 Mossy Creek Ln- Pump$13.18$158.181000140603765 Grove Park Dr$12.53$150.301000146643766 Greyfield Dr - Pump 1$36.60$439.241000146963145 Mulberry Park Blvd. Area Light$94.06$1,128.721000147294141 Artemis Way$829.33$9,952.001000147584140 Artemis Way$12.49$149.861000147894580 Grove Park Dr - IRR$12.87$154.381000148211900 Merchants Row-ENTRANCE$18.16$217.861000156083751 Biltmore Ave - IRR$12.51$150.081000156392471 E Orange Ave. Irr.$12.68$152.121000156704583 Grove Park Dr. Temp.$12.47$149.641000157033766 Greyfield Dr$45.78$549.361000157383701 Mossy Creek Ln - Unit 1$244.91$2,938.921000163922150 Merchants Row Blvd - Pump$13.16$157.921000164263603 Capital Cir SE Irr.$832.57$9,990.801000173333000 School House Road$12.71$152.561000173653252 Updike Ave IRR$12.47$149.641000922583029 Dickinson Dr. Area Lights $39.34$472.041001986292301 E Orange Ave, Irr$19.18$230.101002019433232 Riverton Trl$31.63$379.561002028702450 Rain Lily Way$73.16$877.861002045664072 Invy Green Trl$73.16$877.861002052244216 Summertree Dr$146.35$1,756.141002056984295 Avon Park Cir$12.47$149.641002062073749 Biltmore Ave$188.15$2,257.821002077383591 Strolling Way$24.04$288.461002085714297 Avon Park$104.39$1,252.731002088043616 Longfellow Rd$73.16$877.861002094023900 Overlook Dr$177.69$2,132.321002101934046 Colleton CT$52.27$627.201002109503611 Biltmore Ave$12.65$151.761002128044038 Shady View Ln$52.27$627.201002129483735 Esplanade Way$12.89$154.641002138143070 Bent Grass Ln$73.16$877.863001 School House Rd Reclaimed pay by check$193.29$2,326.03Total$4,816.12$57,800.00 Capital Region Community Development DistrictCapital Reserve AdoptedActualProjectedTotalApprovedBudgetThruNextProjectedBudgetDescriptionFY 20233/31/20236 Months9/30/2023FY 2024RevenuesCapitalReserveContribution$175,000$175,000$0$175,000$215,000Designated reserves$121,168$121,346$0$121,346$295,746TOTAL REVENUES$296,168$296,346$0$296,346$510,746ExpendituresReserve for Capital- R&R$0$0$0$0$0Other Charges$600$0$600$600$600TOTAL EXPENDITURES$600$0$600$600$600ASSIGNED FUND BALANCE$295,568$296,346($600)$295,746$510,146 Page 8 Capital Region Community Development DistrictDebt Service FundSeries 2013Capital Improvement Refunding Bonds AdoptedActualProjectedTotalApprovedBudgetThruNextProjectedBudgetDescriptionFY 20233/31/20236 Months9/30/2023FY 2024RevenuesSpecial Assessment - Tax Collector$862,129$825,300$36,829$862,129$862,129Interest Income$100$16,126$4,000$20,126$2,000Carry ForwardSurplus(1)$332,987$336,501$0$336,501$350,953TOTAL REVENUES$1,195,216$1,177,927$40,829$1,218,756$1,215,082ExpendituresInterest - 11/1$183,901$183,901$0$183,901$171,776Interest - 5/1$183,901$0$183,901$183,901$171,776(2) Principal - 5/1$500,000$0$500,000$500,000$530,000TOTAL EXPENDITURES$872,803$183,901$683,901$867,803$878,553EXCESS REVENUES OVER EXPENDITURES$322,414$994,026($643,072)$350,953$336,530(1) Carry Forward Surplusis net of Reseve requirement11/1/2024 -Interest(2) The Series2013 Bondsare subject to optional redemptionby the District onor after May 1, 2024.Series 2013$158,394 Per 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$3,578EpochApls(Acres)1$3,806$5,386$5,009Blended Commercial113$6,321$339,888$316,051Total1318$927,067$862,129 * CertainUnits havea lowerdebt perunit amount Page 9 Capital RegionCommunity Development DistrictSeries 2013Capital Improvement Refunding BondsA1 Term BondsDue5/1/2031Debt AmortizationDatePrincipalInterestPrincipal Balance Calendar Year11/01/22$183,901.25$6,485,000.0005/01/23$500,000.00$183,901.25$6,485,000.00$867,802.5011/01/23$171,776.25$5,985,000.0005/01/24$530,000.00$171,776.25$5,985,000.00$873,552.5011/01/24$158,393.75$5,455,000.0005/01/25$550,000.00$158,393.75$5,455,000.00$866,787.5011/01/25$143,956.25$4,905,000.0005/01/26$585,000.00$143,956.25$4,905,000.00$872,912.5011/01/26$127,137.50$4,320,000.0005/01/27$620,000.00$127,137.50$4,320,000.00$874,275.0011/01/27$109,312.50$3,700,000.0005/01/28$655,000.00$109,312.50$3,700,000.00$873,625.0011/01/28$90,481.25$3,045,000.0005/01/29$695,000.00$90,481.25$3,045,000.00$875,962.5011/01/29$70,500.00$2,350,000.0005/01/30$735,000.00$70,500.00$2,350,000.00$876,000.0011/01/30$48,450.00$1,615,000.0005/01/31$785,000.00$48,450.00$1,615,000.00$881,900.0011/01/31$24,900.00$830,000.0005/01/32$830,000.00$24,900.00$830,000.00$879,800.00totals$5,985,000.00$1,889,815.00$7,874,815.00 Page 10 Capital RegionCommunity Development DistrictDebt Service FundSeries 2018A1 Capital Improvement Revenue Refunding BondsDescriptionAdoptedBudgetFY 2023ActualThru3/31/2023ProjectedNext6 MonthsTotalProjected9/30/2023ApprovedBudgetFY 2024RevenuesSpecial Assessment - Tax CollectorSpecial Assessment - DirectInterest IncomeCarry ForwardSurplus(1) $501,302$804,802$50$385,047$480,514$540,272$15,019$387,321$20,788$264,530$4,000$0$501,302$804,802$19,019$387,321$501,302$804,794$1,000$381,194TOTAL REVENUES$1,691,201$1,423,126$289,318$1,712,444$1,688,290ExpendituresInterest - 11/1Interest - 5/1Principal- 5/1Special Call - 5/1$368,125$368,125$575,000$0$368,125$0$0$0$0$368,125$575,000$20,000$368,125$368,125$575,000$20,000$355,753$355,753$600,000$0TOTAL EXPENDITURES$1,311,250$368,125$963,125$1,331,250$1,311,506EXCESS REVENUES OVER EXPENDITURES$379,951$1,055,001($673,807)$381,194$376,784(1) Carry Forward Surplusis net of Reseve requirement11/1/2024 -InterestSeries 2018A1$341,878 Per UnitGrossNetLot Size# of UnitsAmountAssessmentsAssessmentsAPT766$326.50$250,099$232,592ACLF101$156.69$15,826$14,718DUBLEX-$323.88$0$0TH46$297.62$13,691$12,7324043$346.64$14,906$13,8625554$421.04$22,736$21,14565110$519.95$57,195$53,191SERIES60-$519.95$0$07576$594.36$45,171$42,0098531$644.25$19,972$18,5749022$693.71$15,262$14,19310029$743.17$21,552$20,0431/2 ACRE3$891.99$2,676$2,489COTTAGES0.390$3,457$1,348$1,254TOTAL ON ROLL1,281$480,432$446,802 DEVELOPABLE ACRES470.86$1,709$865,370$804,794 Page 11 Capital Region Community Development DistrictSeries 2018A1 Capital Improvement Revenue Refunding BondsDebt Amortization DatePrincipalInterestCouponsPrincipal Balance Calendar Year11/01/22$368,125.00$14,800,000.0005/01/23$595,000.00$368,125.004.125%$14,800,000.00$1,331,250.0011/01/23$355,753.13$14,205,000.0005/01/24$600,000.00$355,753.134.625%$14,205,000.00$1,311,506.2511/01/24$341,878.13$13,605,000.0005/01/25$630,000.00$341,878.134.625%$13,605,000.00$1,313,756.2511/01/25$327,309.38$12,975,000.0005/01/26$660,000.00$327,309.384.625%$12,975,000.00$1,314,618.7511/01/26$312,046.88$12,315,000.0005/01/27$690,000.00$312,046.884.625%$12,315,000.00$1,314,093.7511/01/27$296,090.63$11,625,000.0005/01/28$720,000.00$296,090.634.625%$11,625,000.00$1,312,181.2511/01/28$279,440.63$10,905,000.0005/01/29$755,000.00$279,440.635.125%$10,905,000.00$1,313,881.2511/01/29$260,093.75$10,150,000.0005/01/30$795,000.00$260,093.755.125%$10,150,000.00$1,315,187.5011/01/30$239,721.88$9,355,000.0005/01/31$840,000.00$239,721.885.125%$9,355,000.00$1,319,443.7511/01/31$218,196.88$8,515,000.0005/01/32$885,000.00$218,196.885.125%$8,515,000.00$1,321,393.7510/31/32$195,518.75$7,630,000.0005/01/33$930,000.00$195,518.755.125%$7,630,000.00$1,321,037.5011/01/33$171,687.50$6,700,000.0005/01/34$980,000.00$171,687.505.125%$6,700,000.00$1,323,375.0011/01/34$146,575.00$5,720,000.0005/01/35$1,030,000.00$146,575.005.125%$5,720,000.00$1,323,150.0011/01/35$120,181.25$4,690,000.0004/30/36$1,085,000.00$120,181.255.125%$4,690,000.00$1,325,362.5010/31/36$92,378.13$3,605,000.0005/01/37$1,140,000.00$92,378.135.125%$3,605,000.00$1,324,756.2510/31/37$63,165.63$2,465,000.0005/01/38$1,200,000.00$63,165.635.125%$2,465,000.00$1,326,331.2511/01/38$32,415.63$1,265,000.0005/01/39$1,265,000.00$32,415.635.125%$1,265,000.00$1,329,831.25totals$14,205,000.00$6,904,906.25$21,109,906.25 Page 12 Capital Region Community Development DistrictDebt Service FundSeries 2018A2 Capital Improvement Revenue Refunding Bonds DescriptionFY 2023RevenuesAdoptedBudgetActualThru3/31/2023ProjectedNext6 MonthsTotalProjected9/30/2023ApprovedBudgetFY 2024Special Assessment - Tax CollectorInterest IncomeCarry ForwardSurplus(1) $272,757$0$50,126$262,659$3,996$50,168$11,488$400$0$274,147$4,396$50,168$274,147$500$49,166TOTAL REVENUESExpenditures$322,882$316,823$11,888$328,711$323,814Interest - 11/1Interest - 5/1Principal - 5/1Special Call - 5/1$44,773$44,773$180,000$0$44,773$0$0$0$0$44,773$180,000$10,000$44,773$44,773$180,000$10,000$41,055$41,055$190,000$0TOTAL EXPENDITURES$269,545$44,773$234,773$279,545$272,110EXCESS REVENUES OVER EXPENDITURES$53,337$272,051($222,884)$49,166$51,704(1) Carry Forward Surplusis net of Reseve requirement11/1/2024 -InterestSeries 2018A2$36,685 Per UnitGrossNetLot Size# of UnitsAmountAssessmentsAssessmentsGOLF CLUB1$21,400.59$21,400.59$19,902.55CATHOLIC SCHOOL1$20,520.07$20,520.07$19,083.67COMMERCIAL43.37$3,690.94$160,083.45$148,877.61COMMERCIAL-23.84$2,207.33$8,476.15$7,882.82APT241$349.80$84,301.80$78,400.67TOTAL290$294,782.06$274,147.31 Page 13 Capital Region Community Development DistrictSeries 2018A2 Capital Improvement Revenue Refunding BondsDebt Amortization DatePrincipalInterestCouponsPrincipal Balance Calendar Year11/01/22$44,772.50$1,975,000.00$273,050.6305/01/23$190,000.00$44,772.503.875%$1,975,000.0011/01/23$41,055.00$1,785,000.00$275,827.5005/01/24$190,000.00$41,055.004.600%$1,785,000.0011/01/24$36,685.00$1,595,000.00$267,740.0005/01/25$200,000.00$36,685.004.600%$1,595,000.0011/01/25$32,085.00$1,395,000.00$268,770.0005/01/26$205,000.00$32,085.004.600%$1,395,000.0011/01/26$27,370.00$1,190,000.00$264,455.0005/01/27$215,000.00$27,370.004.600%$1,190,000.0011/01/27$22,425.00$975,000.00$264,795.0005/01/28$225,000.00$22,425.004.600%$975,000.0011/01/28$17,250.00$750,000.00$264,675.0005/01/29$240,000.00$17,250.004.600%$750,000.0011/01/29$11,730.00$510,000.00$268,980.0005/01/30$250,000.00$11,730.004.600%$510,000.0011/01/30$5,980.00$260,000.00$267,710.0005/01/31$260,000.00$5,980.004.600%$260,000.00$265,980.00totals$1,785,000.00$389,160.00$2,408,932.50 Page 14 Capital Region Community Development DistrictDebt Service FundSeries 2021Capital Improvement Revenue Refunding Bonds ProposedActualProjectedTotalApprovedBudgetThruNextProjectedBudgetDescriptionFY 20233/31/20236 Months9/30/2023FY 2024RevenuesSpecial Assessment - Tax Collector$318,938$310,176$8,762$318,938$318,938Interest Income$0$2,391$250$2,641$500Carry ForwardSurplus(1)$42,905$43,048$0$43,048$45,877TOTAL REVENUES$361,843$355,615$9,012$364,627$365,314ExpendituresInterest - 11/1$31,875$31,875$0$31,875$28,688Interest - 5/1$31,875$0$31,875$31,875$28,688Principal - 5/1$255,000$0$255,000$255,000$260,000TOTAL EXPENDITURES$318,750$31,875$286,875$318,750$317,375EXCESS REVENUES OVER EXPENDITURES$43,093$323,740($277,864)$45,877$47,939(1) Carry Forward Surplusis net of Reseve requirement11/1/2024 -InterestSeries 2021$25,438 Per UnitGrossNetLot Size# of UnitsAmountAssessmentsAssessmentsTownhomes60$215.13$12,908$12,004Townhomes110$258.87$28,476$26,483Single Family 30s53$282.54$14,974$13,926Single Family 40s28$302.61$8,473$7,880Single Family 55s28$304.76$8,533$7,936Single Family 55s82$367.13$30,105$27,997Single Family 65s42$376.47$15,812$14,705Single Family 65s69$453.20$31,271$29,082Single Family 75s34$430.26$14,629$13,605Single Family 75s43$518.46$22,294$20,733Single Family 100s32$537.82$17,210$16,005Single Family 100s89$647.54$57,631$53,597Custom 1/2 acre22$645.39$14,199$13,205Custom 1/2 acre44$777.33$34,203$31,808Custom 1 acre25$842.59$21,065$19,590Custom 1 acre11$1014.69$11,162$10,380Total772$342,943$318,937 Page 15 Capital Region Community Development DistrictSeries 2021Capital Improvement Revenue Refunding BondsDebt Amortization DatePrincipalInterestCouponsPrincipal Balance Calendar Year11/01/22$31,875.002.50%$2,550,000.00$316,875.0005/01/23$255,000.00$31,875.002.50%$2,550,000.0011/01/23$28,687.502.50%$2,295,000.00$315,562.5005/01/24$260,000.00$28,687.502.50%$2,295,000.0011/01/24$25,437.502.50%$2,035,000.00$314,125.0005/01/25$270,000.00$25,437.502.50%$2,035,000.0011/01/25$22,062.502.50%$1,765,000.00$317,500.0005/01/26$275,000.00$22,062.502.50%$1,765,000.0011/01/26$18,625.002.50%$1,490,000.00$315,687.5005/01/27$285,000.00$18,625.002.50%$1,490,000.0011/01/27$15,062.502.50%$1,205,000.00$318,687.5005/01/28$290,000.00$15,062.502.50%$1,205,000.0011/01/28$11,437.502.50%$915,000.00$316,500.0005/01/29$295,000.00$11,437.502.50%$915,000.0011/01/29$7,750.002.50%$620,000.00$314,187.5005/01/30$305,000.00$7,750.002.50%$620,000.0011/01/30$3,937.502.50%$315,000.00$316,687.5005/01/31$315,000.00$3,937.502.50%$315,000.00$318,937.50totals$2,295,000.00$266,000.00$2,847,875.00 Page 16