Adopted Budget	
Fiscal Year 2024	

Capital Region	
Community Development District	

September 5, 2023

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 - 2021	

Page 15	
Page 16	

Capital Region	
Community Development District	
General Fund

Adopted	
Budget	
FY 2023	

Actual	
Thru	
7/31/2023	

Projected	
Next	
2 Months	

Total	
Projected	
9/30/2023	

Adopted	
Budget	
FY 2024	

1,722,305	
287,187	
$10,000	

Description

Revenues

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

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

$1,634,202	
$302,382	
$30,379	

$0	
$0	
$4,000	

$1,634,202	
$302,382	
$34,379	

TOTAL REVENUES	$1,926,765	$1,966,963	$4,000	$1,970,963	2,019,492

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	
General Liability Insurance	
Legal Advertising	
Other Current Charges	
Office Supplies	
Dues, Licenses & Subscriptions	
Capital Outlay	

$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	

$6,800	
$520	
$3,371	
$1,200	
$6,250	
$16,190	
$3,850	
$0	
$15,220	
$11,500	
$42,543	
$2,333	
$1,000	
$0	
$1,322	
$142	
$2,530	
$644	
$11,195	
$1,165	
$442	
$13	
$175	
$0	

$2,000	
$153	
$5,000	
$600	
$1,250	
$10,000	
$0	
$500	
$0	
$0	
$8,508	
$467	
$200	
$150	
$678	
$50	
$200	
$1,357	
$0	
$300	
$100	
$30	
$0	
$250	

$8,800	
$673	
$8,371	
$1,800	
$7,500	
$26,190	
$3,850	
$500	
$15,220	
$11,500	
$51,051	
$2,800	
$1,200	
$150	
$2,000	
$192	
$2,730	
$2,000	
$11,195	
$1,465	
$542	
$43	
$175	
$250	

$12,000	
$918	
$15,000	
$1,800	
$7,950	
$37,000	
$3,925	
$500	
$15,520	
$12,190	
$54,114	
$2,968	
$1,272	
$150	
$2,000	
$300	
$1,000	
$2,000	
$12,874	
$3,500	
$1,600	
$200	
$175	
$250	

TOTAL ADMINISTRATIVE EXPENDITURES	$222,270	$128,404	$31,792	$160,196	$189,206

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

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

$8,998	
$115,763	
$6,242	
$44,671	
$869,471	
$1,267	
$12,198	
$30,875	
$5,508	

$0	
$23,152	
$0	
$10,600	
$173,894	
$4,233	
$1,532	
$9,125	
$0	

$8,998	
$138,915	
$6,242	
$55,271	
$1,043,365	
$5,500	
$13,730	
$40,000	
$5,508	

$13,898	
$147,250	
$7,000	
$57,800	
$1,066,255	
$5,500	
$15,000	
$40,000	
$7,803	

Capital Region	
Community Development District	
General Fund

Adopted	
Budget	
FY 2023	

Actual	
Thru	
7/31/2023	

Projected	
Next	
2 Months	

Total	
Projected	
9/30/2023	

Adopted	
Budget	
FY 2024	

Description

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	

$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	

$45,071	
$62	
$50,596	
$31,656	
$3,841	
$41,233	
$3,845	
$8,569	
$0	
$2,189	
$54,606	
$175,000	
$3,180	

$9,014	
$438	
$10,119	
$6,331	
$3,659	
$0	
$1,155	
$30,042	
$5,000	
$2,811	
$0	
$0	
$4,820	

$54,085	
$500	
$60,716	
$37,987	
$7,500	
$41,233	
$5,000	
$38,611	
$5,000	
$5,000	
$54,606	
$175,000	
$8,000	

$55,280	
$500	
$45,000	
$40,000	
$7,500	
$38,000	
$5,000	
$7,500	
$0	
$5,000	
$25,000	
$233,000	
$8,000	

TOTAL FIELD EXPENDITURES	$1,704,495		$1,514,840		$295,926		$1,810,767		$1,830,286	
										
TOTAL EXPENDITURES	$1,926,765		$1,643,244		$327,718		$1,970,963		$2,019,492	
										
EXCESS REVENUES OVER EXPENDITURES	$0		$323,719		($323,718)		$0		$0	

Capital Region
Community Development District

Assessment Allocation
	Adopted	
	FY 2023	FY 2024	
Net Assessment	$1,576,859	$1,722,305	
Plus Collection Fees (7%)	$118,688	$129,636	
Gross Assessments	$1,695,547	$1,851,941	
Use of Fund Balance	$0	$0	
No. of Units	3,663	4,097	
	
4.90% increase	
3.39% increase	

Lot Size		#
Of Units Total	Gross	Gross	
			Per Unit	Per Unit	
			Amount	Amount	
			FY 2023	FY 2024	
Apartments		1,745	$254.28	$262.91	
Townhomes		298	$244.69	$252.99	
Duplex		0	$0.00	$0.00	
30s		53	$268.00	$277.09	
40s		250	$285.48	$295.16	
55s		371	$346.64	$358.40	
65s		382	$428.21	$442.74	
75s		209	$489.38	$505.98	
85s		111	$532.61	$550.67	
90s		26	$602.02	$622.44	
100s		205	$611.74	$632.49	
1/2 Ac		160	$734.09	$758.99	
1Ac		40	$958.39	$990.90	
ACLF		101	$128.42	$132.77	
Blended Commercial		143.156	$2,855.46	$2,952.32	
Golf Club		1	$15,680.50	$16,212.38	
Catholic School		1	$0.00	$0.00	
Southwood House		0.390	$2,855.46	$2,952.32	

Total		

4,096.546			

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.

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.

Capital Region		
Community Development District			General Fund	

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 Address	Monthly	Annual	
100012004	3992 Four Oaks Blvd	$12.63	$151.52	
100012701	3705 Four Oaks Blvd	$83.63	$1,003.52	
100012735	1901 Merchants Row Blvd	$80.66	$967.96	
100012813	3136 Dickinson Dr.	$13.76	$165.10	
100013816	2380 E Orange Ave Irr	$997.91	$11,974.94	

Capital Region
Community Development District	General Fund

NEW acct#	Services Address	Monthly	Annual	
100013845	2588 Merchants Row Blvd - Pump	$13.15	$157.74	
100013878	3564 S Blair Stone Rd Reclaim	$0.42	$5.06	
100013966	3559 Four Oaks Blvd	$13.11	$157.26	
100013997	3700 Spider Lily Way	$13.19	$158.24	
100014028	3700 Mossy Creek Ln- Pump	$13.18	$158.18	
100014060	3765 Grove Park Dr	$12.53	$150.30	
100014664	3766 Greyfield Dr - Pump 1	$36.60	$439.24	
100014696	3145 Mulberry Park Blvd. Area Light	$94.06	$1,128.72	
100014729	4141 Artemis Way	$829.33	$9,952.00	
100014758	4140 Artemis Way	$12.49	$149.86	
100014789	4580 Grove Park Dr - IRR	$12.87	$154.38	
100014821	1900 Merchants Row -ENTRANCE	$18.16	$217.86	
100015608	3751 Biltmore Ave - IRR	$12.51	$150.08	
100015639	2471 E Orange Ave. Irr.	$12.68	$152.12	
100015670	4583 Grove Park Dr. Temp.	$12.47	$149.64	
100015703	3766 Greyfield Dr	$45.78	$549.36	
100015738	3701 Mossy Creek Ln - Unit 1	$244.91	$2,938.92	
100016392	2150 Merchants Row Blvd - Pump	$13.16	$157.92	
100016426	3603 Capital Cir SE Irr.	$832.57	$9,990.80	
100017333	3000 School House Road	$12.71	$152.56	
100017365	3252 Updike Ave IRR	$12.47	$149.64	
100092258	3029 Dickinson Dr. Area Lights	$39.34	$472.04	
100198629	2301 E Orange Ave, Irr	$19.18	$230.10	
100201943	3232 Riverton Trl	$31.63	$379.56	
100202870	2450 Rain Lily Way	$73.16	$877.86	
100204566	4072 Invy Green Trl	$73.16	$877.86	
100205224	4216 Summertree Dr	$146.35	$1,756.14	
100205698	4295 Avon Park Cir	$12.47	$149.64	
100206207	3749 Biltmore Ave	$188.15	$2,257.82	
100207738	3591 Strolling Way	$24.04	$288.46	
100208571	4297 Avon Park	$104.39	$1,252.73	
100208804	3616 Longf ellow Rd	$73.16	$877.86	
100209402	3900 Overlook Dr	$177.69	$2,132.32	
100210193	4046 Colleton CT	$52.27	$627.20	
100210950	3611 Biltmore Ave	$12.65	$151.76	
100212804	4038 Shady View Ln	$52.27	$627.20	
100212948	3735 Esplanade Way	$12.89	$154.64	
100213814	3070 Bent Grass Ln	$73.16	$877.86	
3001 School House Rd Reclaimed pay by check	$193.29	$2,326.03	
Total	$4,816.12	$57,800.00	

Capital Region	
Community Development District	

Capital Reserve

Adopted	
Budget	
	FY 2023		

Actual	
Thru	
  7/31/2023		

Projected	
Next	
2 Months	

Total	
Projected	
9/30/2023	

Adopted	
Budget	
FY 2024	

 Description	

Revenues

Capital Reserve Contribution	
Designated reserves	

$175,000	
$121,168	

$175,000	
$121,346	

$0	
$0	

$175,000	
$121,346	

$233,000	
$295,746	

TOTAL REVENUES		$296,168 		$296,346 		$0 		$296,346 		$528,746 

Expenditures

Reserve for Capital - R&R	
Other Charges	

$0	
$600	

$0	
$0	

$0	
$600	

$0	
$600	

$0	
$600	

TOTAL EXPENDITURES		$600 			$0 			$600 			$600 			$600 	
ASSIGNED FUND BALANCE		$295,568 			$296,346 			($600)			$295,746 			$528,146	

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 2023			  7/31/2023			2 Months		9/30/2023		FY 2024	

Revenues											
Special Assessment - Tax Collector		$862,129		$869,225		$0		$869,225		$886,446	
Interest Income		$100		$33,162		$6,100		$39,262		$2,000	
Carry Forward Surplus (1)		$332,987		$336,501		$0		$336,501		$377,186	
TOTAL REVENUES			$1,195,216 			$1,238,888 			$6,100 			$1,244,988 			$1,265,632 	
Expenditures											
Interest - 11/1		$183,901		$183,901		$0		$183,901		$171,776	
Interest - 5/1		$183,901		$183,901		$0		$183,901		$171,776	
(2) Principal - 5/1		$500,000		$500,000		$0		$500,000		$530,000	
TOTAL EXPENDITURES			$867,803 			$867,803 			$0 			$867,803 			$873,553 	
EXCESS REVENUES OVER EXPENDITURES			$327,414 			$371,086 			$6,100 			$377,186 			$392,079 	

11/1/2024 - Interest
Series 2013	$158,394	

(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	654	$361	$236,244	$219,707	
*Towns	82	$329	$27,003	$25,112	
40s	153	$385	$58,897	$54,775	
*55s	107	$467	$49,974	$46,476	
*65s	127	$577	$73,217	$68,092	
*75s	56	$660	$36,933	$34,348	
85s	77	$714	$54,997	$51,147	
*100s	40	$824	$32,949	$30,643	
*1/2 Ac	73	$989	$72,184	$67,131	
*1Ac	3	$1,291	$3,872	$3,601	
Blended Commercial	28.970	$1,916	$55,496	$51,611	
Blended Commercial	58.464	$3,831	$223,989	$208,310	
Blended Commercial	2.120	$3,831	$8,122	$7,554	
Blended Commercial	1.415	$3,831	$5,421	$5,042	
Blended Commercial	3.620	$3,831	$13,869	$12,898	
Total	1466.59		$953,168	$886,446	
* 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	Coupons	Principal Balance	Calendar Year	

11/01/23	$171,776.25	5.050%	$5,985,000.00	$171,776.25	
05/01/24	$530,000.00	$171,776.25	$5,985,000.00	
11/01/24	$158,393.75	5.250%	$5,455,000.00	$860,170.00	
05/01/25	$550,000.00	$158,393.75	$5,455,000.00	
11/01/25	$143,956.25	5.750%	$4,905,000.00	$852,350.00	
05/01/26	$585,000.00	$143,956.25	$4,905,000.00	
11/01/26	$127,137.50	5.750%	$4,320,000.00	$856,093.75	
05/01/27	$620,000.00	$127,137.50	$4,320,000.00	
11/01/27	$109,312.50	5.750%	$3,700,000.00	$856,450.00	
05/01/28	$655,000.00	$109,312.50	$3,700,000.00	
11/01/28	$90,481.25	5.750%	$3,045,000.00	$854,793.75	
05/01/29	$695,000.00	$90,481.25	$3,045,000.00	
11/01/29	$70,500.00	6.000%	$2,350,000.00	$855,981.25	
05/01/30	$735,000.00	$70,500.00	$2,350,000.00	
11/01/30	$48,450.00	6.000%	$1,615,000.00	$853,950.00	
05/01/31	$785,000.00	$48,450.00	$1,615,000.00	
11/01/31	$24,900.00	6.000%	$830,000.00	$858,350.00	
05/01/32	$830,000.00	$24,900.00	$830,000.00	$854,900.00	

totals		$5,985,000.00			$1,889,815.00			$7,874,815.00 

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

Capital Region	
Community Development District	

 	
Debt Service Fund	
Series 2018A1 Capital Improvement Revenue Refunding Bonds	

Adopted	
Budget	
	FY 2023		

Actual	
Thru	
  7/31/2023		

Projected	
Next	
2 Months	

Total	
Projected	
9/30/2023	

Adopted	
Budget	
FY 2024	

 Description	

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

$501,302	$505,659	
$804,802	$540,272	
$50	$32,265	
$385,047	$387,321	

$0	
$264,530	
$5,800	
$0	

$505,659	
$804,802	
$38,065	
$387,321	

$565,965	
$740,129	
$1,000	
$404,597	

TOTAL REVENUES		$1,691,201 		$1,465,517 		$270,330 		$1,735,847 		$1,711,691 

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

$368,125	
$368,125	
$575,000	
$0	

$368,125	
$368,125	
$575,000	
$20,000	

$0	
$0	
$0	
$0	

$368,125	
$368,125	
$575,000	
$20,000	

Expenditures

11/1/2024 - Interest	
Series 2018A1	$341,878	

$355,753	
$355,753	
$600,000	
$0	
	$1,311,506 	
	$400,184 	

TOTAL EXPENDITURES		$1,311,250 			$1,331,250 			$0 			$1,331,250 	
EXCESS REVENUES OVER EXPENDITURES		$379,951 			$134,267 			$270,330 			$404,597 	

(1) Carry Forward Surplus is net of Reseve requirement

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

APT	850	$326.50	$277,525	$258,098
ACLF	101	$156.69	$15,826	$14,718
DUPLEX	-	$323.88	$0	$0
TH	46	$297.62	$13,691	$12,732
40	69	$346.64	$23,918	$22,244
55	154	$421.04	$64,840	$60,301
65	144	$519.95	$74,873	$69,632
SERIES 60	-	$519.95	$0	$0
75	76	$594.36	$45,171	$42,009
85	34	$644.25	$21,905	$20,371
90	26	$693.71	$18,036	$16,774
100	44	$743.17	$32,699	$30,411
1/2 ACRE	21	$891.99	$18,732	$17,421
COTTAGES	0.390	$3,457	$1,348	$1,254	
TOTAL ON ROLL	1,565.39	$608,564	$565,965	

DEVELOPABLE ACRES	430.35	$1,720	$795,838	$740,129

Capital Region	
Community Development District	

 	
Series 2018A1 Capital Improvement Revenue Refunding Bonds	
Debt Amortization	

Date	Principal	Interest	Coupons	Principal Balance	Calendar Year	

11/01/23	$355,753.13	$14,205,000.00	$355,753.13	
05/01/24	$600,000.00	$355,753.13	4.625%	$14,205,000.00	
11/01/24	$341,878.13	$13,605,000.00	$1,297,631.25	
05/01/25	$630,000.00	$341,878.13	4.625%	$13,605,000.00	
11/01/25	$327,309.38	$12,975,000.00	$1,299,187.50	
05/01/26	$660,000.00	$327,309.38	4.625%	$12,975,000.00	
11/01/26	$312,046.88	$12,315,000.00	$1,299,356.25	
05/01/27	$690,000.00	$312,046.88	4.625%	$12,315,000.00	
11/01/27	$296,090.63	$11,625,000.00	$1,298,137.50	
05/01/28	$720,000.00	$296,090.63	4.625%	$11,625,000.00	
11/01/28	$279,440.63	$10,905,000.00	$1,295,531.25	
05/01/29	$755,000.00	$279,440.63	5.125%	$10,905,000.00	
11/01/29	$260,093.75	$10,150,000.00	$1,294,534.38	
05/01/30	$795,000.00	$260,093.75	5.125%	$10,150,000.00	
11/01/30	$239,721.88	$9,355,000.00	$1,294,815.63	
05/01/31	$840,000.00	$239,721.88	5.125%	$9,355,000.00	
11/01/31	$218,196.88	$8,515,000.00	$1,297,918.75	
05/01/32	$885,000.00	$218,196.88	5.125%	$8,515,000.00	
10/31/32	$195,518.75	$7,630,000.00	$1,298,715.63	
05/01/33	$930,000.00	$195,518.75	5.125%	$7,630,000.00	
11/01/33	$171,687.50	$6,700,000.00	$1,297,206.25	
05/01/34	$980,000.00	$171,687.50	5.125%	$6,700,000.00	
11/01/34	$146,575.00	$5,720,000.00	$1,298,262.50	
05/01/35	$1,030,000.00	$146,575.00	5.125%	$5,720,000.00	
11/01/35	$120,181.25	$4,690,000.00	$1,296,756.25	
04/30/36	$1,085,000.00	$120,181.25	5.125%	$4,690,000.00	
10/31/36	$92,378.13	$3,605,000.00	$1,297,559.38	
05/01/37	$1,140,000.00	$92,378.13	5.125%	$3,605,000.00	
10/31/37	$63,165.63	$2,465,000.00	$1,295,543.75	
05/01/38	$1,200,000.00	$63,165.63	5.125%	$2,465,000.00	
11/01/38	$32,415.63	$1,265,000.00	$1,295,581.25	
05/01/39	$1,265,000.00	$32,415.63	5.125%	$1,265,000.00	$1,297,415.63	

totals	$14,205,000.00	$6,904,906.25	$21,109,906.25

Capital Region	
Community Development District	

 	
Debt Service Fund	
Series 2018A2 Capital Improvement Revenue Refunding Bonds	

Adopted	
Budget	
	FY 2023		

Actual	
Thru	
  7/31/2023		

Projected	
Next	
2 Months	

Total	
Projected	
9/30/2023	

Adopted	
Budget	
FY 2024	

 Description	

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

$272,757	$275,782	
$0	$8,306	
$50,126	$50,168	

$0	
$1,400	
$0	

$275,782	
$9,706	
$50,168	

$274,147	
$500	
$56,111	

TOTAL REVENUES		$322,882 		$334,256 		$1,400 		$335,656 		$330,758 

Expenditures

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

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

$44,773	
$44,773	
$180,000	
$10,000	

$0	
$0	
$0	
$0	

$44,773	
$44,773	
$180,000	
$10,000	

$41,055	
$41,055	
$190,000	
$0	

TOTAL EXPENDITURES		$269,545 			$279,545 			$0 			$279,545 			$272,110 	
EXCESS REVENUES OVER EXPENDITURES		$53,337 			$54,711 			$1,400 			$56,111 			$58,648 	

11/1/2024 - Interest	
Series 2018A2	$36,685	

(1) Carry Forward Surplus is net of Reseve requirement

		Per Unit	Gross	Net	
Lot Size	# of Units	Amount	Assessments	Assessments	
GOLF CLUB	1	$21,400.59	$21,400.59	$19,902.55	
CATHOLIC SCHOOL	1	$20,520.07	$20,520.07	$19,083.67	
COMMERCIAL	43.37	$3,690.94	$160,083.45	$148,877.61	
COMMERCIAL-2	3.84	$2,207.33	$8,476.15	$7,882.82	
APT	241	$349.80	$84,301.80	$78,400.67	
TOTAL	290		$294,782.06	$274,147.31	

Capital Region	
Community Development District	

 	
Series 2018A2 Capital Improvement Revenue Refunding Bonds	
Debt Amortization	

Date	Principal	Interest	Coupons	Principal Balance	Calendar Year	

11/01/23	$41,055.00	$1,785,000.00	$41,055.00	
05/01/24	$190,000.00	$41,055.00	4.600%	$1,785,000.00	
11/01/24	$36,685.00	$1,595,000.00	$267,740.00	
05/01/25	$200,000.00	$36,685.00	4.600%	$1,595,000.00	
11/01/25	$32,085.00	$1,395,000.00	$268,770.00	
05/01/26	$205,000.00	$32,085.00	4.600%	$1,395,000.00	
11/01/26	$27,370.00	$1,190,000.00	$264,455.00	
05/01/27	$215,000.00	$27,370.00	4.600%	$1,190,000.00	
11/01/27	$22,425.00	$975,000.00	$264,795.00	
05/01/28	$225,000.00	$22,425.00	4.600%	$975,000.00	
11/01/28	$17,250.00	$750,000.00	$264,675.00	
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	$1,785,000.00	$389,160.00	$2,174,160.00

Capital Region	
Community Development District	

 	
Debt Service Fund	
Series 2021 Capital Improvement Revenue Refunding Bonds	

Proposed	
Budget	
	FY 2023		

Actual	
Thru	
  7/31/2023		

Projected	
Next	
2 Months	

Total	
Projected	
9/30/2023	

Adopted	
Budget	
FY 2024	

 Description	

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

$318,938	$320,891	
$0	$5,193	
$42,905	$43,048	

$0	
$350	
$0	

$320,891	
$5,543	
$43,048	

$318,937	
$500	
$50,731	

TOTAL REVENUES		$361,843 		$369,131 		$350 		$369,481 		$370,169 

Expenditures

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

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

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

$0	
$0	
$0	

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

$28,688	
$28,688	
$260,000	

TOTAL EXPENDITURES		$318,750 			$318,750 			$0 			$318,750 			$317,375 	
EXCESS REVENUES OVER EXPENDITURES		$43,093 			$50,381 			$350 			$50,731 			$52,794 	

11/1/2024 - Interest	
Series 2021	$25,438	

(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	

11/01/23	$28,687.50	2.50%	$2,295,000.00	$28,687.50	
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	$2,295,000.00	$266,000.00	$2,561,000.00