VillaMar
Community Development District

Adopted Budget
FY2023

6M3

Table of Contents

1-2	General Fund	

3-7	

General Fund Narrative	

8	

Capital Reserve Fund	

9	

Series 2019 Debt Service Fund	

10	

Series 2019 Amortization Schedule	

11	

Series 2020 Debt Service Fund	

12	

Series 2020 Amortization Schedule	

13	

Series 2022 Phase 3 Debt Service Fund	

14	

Series 2022 Phase 3 Amortization Schedule	

15	

Series 2022 Phase 4 Debt Service Fund	

16	

Series 2022 Phase 4 Amortization Schedule	

VillaMar
Community Development District
Adopted Budget General Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2022	5/31/22	4 Months	9/30/22	FY2023	

Revenues						
Assessments - Tax Roll	$	182,270	$	182,566	$	-	$	182,566	$	531,413	
Assessments - Direct Bill (Platted)	$	153,347	$	55,663	$	-	$	55,663	$	33,059	
Assessments - Direct Bill (Unplatted)	$	112,828	$	-	$	-	$	-	$	70,697	
Assessments - Lot Closings	$	-	$	97,684	$	112,827	$	210,511	$	-	
Boundary Amendment Contributions	$	-	$	3,207	$	95	$	3,302	$	-	
Total Revenues	$	448,445	$	339,120	$	112,922	$	452,043	$	635,169	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	4,800	
$	4,000	
$	8,800	
$	12,000	
Engineering	$	10,000	$	-	$	3,333	$	3,333	$	7,500	
Attorney	$	30,000	$	16,336	$	10,000	$	26,336	$	30,000	
Annual Audit	$	5,000	$	-	$	3,580	$	3,580	$	5,000	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,000	
Arbitrage	$	1,350	$	450	$	450	$	900	$	2,250	
Dissemination	$	7,000	$	4,267	$	2,333	$	6,600	$	9,000	
Trustee Fees	$	10,500	$	6,829	$	-	$	6,829	$	19,880	
Management Fees	$	36,050	$	24,033	$	12,017	$	36,050	$	37,853	
Information Technology	$	1,800	$	1,200	$	600	$	1,800	$	1,800	
Website Maintenance	$	1,200	$	800	$	400	$	1,200	$	1,200	
Telephone	$	250	$	-	$	83	$	83	$	-	
Postage & Delivery	$	850	$	348	$	283	$	631	$	850	
Insurance	$	6,000	$	5,570	$	-	$	5,570	$	6,684	
Printing & Binding	$	1,000	$	369	$	333	$	702	$	1,000	
Legal Advertising	$	10,000	$	2,970	$	6,250	$	9,220	$	7,500	
Other Current Charges	$	1,500	$	307	$	200	$	507	$	1,500	
Boundary Amendment Expenditures	$	-	$	3,302	$	-	$	3,302	$	-	
Office Supplies	$	500	$	50	$	167	$	217	$	500	
Travel Per Diem	$	550	$	-	$	-	$	-	$	-	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Subtotal Administrative	$	140,725	$	76,806	$	44,030	$	120,836	$	149,691	

VillaMar
Community Development District
Adopted Budget General Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2022	5/31/22	4 Months	9/30/22	FY2023	

Operations & Maintenance						
Field Expenditures
Property Insurance	
$	7,900	
$	7,981	
$	-	
$	7,981	
$	11,077	
Field Management	$	15,000	$	10,000	$	5,000	$	15,000	$	15,750	
Landscape Maintenance	$	60,000	$	33,114	$	16,848	$	49,962	$	81,800	
Landscape Replacement	$	7,500	$	2,096	$	2,500	$	4,596	$	15,000	
Pond Maintenance	$	4,000	$	2,776	$	2,212	$	4,988	$	10,000	
Electric - Streetlights	$	60,000	$	44,591	$	28,347	$	72,938	$	75,000	
Electric	$	2,500	$	449	$	300	$	749	$	2,500	
Water	$	45,000	$	6,673	$	6,400	$	13,073	$	25,000	
Sidewalk & Asphalt Maintenance	$	2,500	$	2,360	$	-	$	2,360	$	2,500	
Irrigation Repairs	$	4,000	$	999	$	1,333	$	2,332	$	8,000	
General Repairs & Maintenance	$	11,000	$	5,264	$	3,667	$	8,930	$	15,000	
Contingency	$	2,500	$	562	$	1,878	$	2,440	$	7,500	
Subtotal Field Expenditures	$	221,900	$	116,865	$	68,485	$	185,350	$	269,127	

Amenity Expenditures
Amenity - Electric	

$	18,000	

$	9,568	

$	5,200	

$	14,768	

$	18,000	
Amenity - Water	$	5,000	$	13,394	$	4,000	$	17,394	$	30,000	
Playground & Furniture Lease	$	14,000	$	8,631	$	4,315	$	12,946	$	35,000	
Internet	$	3,000	$	1,190	$	500	$	1,690	$	3,000	
Pest Control	$	720	$	280	$	160	$	440	$	600	
Janitorial Services	$	5,400	$	3,956	$	2,200	$	6,156	$	6,600	
Security Services	$	10,000	$	2,438	$	-	$	2,438	$	33,800	
Pool Maintenance	$	16,200	$	10,950	$	6,280	$	17,230	$	22,680	
Amenity Access Management	$	5,000	$	3,333	$	1,667	$	5,000	$	5,000	
Amenity Repairs & Maintenance	$	5,000	$	108	$	1,667	$	1,774	$	10,000	
Contingency	$	2,500	$	400	$	833	$	1,233	$	5,500	
Subtotal Amenity Expenditures	$	84,820	$	54,247	$	26,822	$	81,069	$	170,180	
						
Total Operations & Maintenance	$	306,720	$	171,112	$	95,307	$	266,419	$	439,307	

Other Financing Uses
Capital Reserves	

$	1,000	

$	-	

$	1,000	

$	1,000	

$	46,170	
Total Other Financing Uses	$	1,000	$	-	$	1,000	$	1,000	$	46,170	
						
Total Expenditures	$	448,445	$	247,918	$	140,337	$	388,255	$	635,169	
						
Net Change in Fund Balance	$	-	$	91,203	$	(27,414)	$	63,788	$	-	

Gross Assessments	
$682,977	
Less: Discounts & Collections 7%		$47,808 	
Net Assessments	 $	635,169 	
Product	ERU's	Assessable Units	ERU/Unit	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 1 - Tax Roll	334.00	334.00	1.00	$235,088.80	$703.86	$756.84	
Phase 2 - Tax Roll	281.00	281.00	1.00	$197,784.29	$703.86	$756.84	
Phase 3 - Tax Roll	140.00	140.00	1.00	$98,540.22	$703.86	$756.84	
Phase 4 - Direct	46.97	200.00	0.23	$33,058.50	$165.29	$177.73	
Phase 5 - Direct	53.06	271.00	0.20	$37,346.65	$137.81	$148.18	
Phase 6 - Direct	47.38	242.00	0.20	$33,350.15	$137.81	$148.18	
Total ERU's	902.41	1468.00		$635,168.61			

VillaMar
Community Development District
General Fund Budget

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for operating expenditures during the fiscal year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering

The District's engineer will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2019, Series 2020, and Series 2022 bonds as well as one other anticipated bond issuance.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost with Governmental Management Services – Central Florida LLC is based upon the Series 2019, Series 2020, and Series 2022 bonds as well as one other anticipated bond issuance.

VillaMar
Community Development District
General Fund Budget

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents costs with Governmental Management Services – Central Florida LLC related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.

Website Maintenance

Represents the costs with Governmental Management Services – Central Florida LLC associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone

Telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages.

Printing & Binding

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

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 incurred during the year.

VillaMar
Community Development District
General Fund Budget

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Travel Per Diem

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for
$175. This is the only expense under this category for the District.

Operations & Maintenance:

Field Expenses

Property Insurance

The District’s property insurance coverages.

Field Management

Represents the costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. These services are provided by Governmental Management Services-Central Florida, LLC. Services provided include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed. The District has contracted with Prince & Sons, Inc. to provide these services.

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Pond Maintenance

Represents the estimated costs to maintain the ponds within the District’s boundaries. This service is provided by Solitude Lake Management.

Electric - Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

VillaMar
Community Development District
General Fund Budget

Electric

Represents current and estimated electric charges of common areas throughout the District.

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenses

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity facilities.

Playground Lease

The District has entered into a leasing agreement for playgrounds and pool furniture installed in the community with WHFS, LLC.

Internet

Internet service will be added for use at the Amenity Center. This service is provided by Spectrum.

Pest Control

The District will incur costs for pest control treatments to its amenity facilities.

VillaMar
Community Development District
General Fund Budget

Janitorial Services

Represents the costs to provide janitorial services 3 times a week and supplies for the District’s amenity facilities. The District is contracted with CSS Clean Star Services of Central Florida, Inc. for these services.

Security Services

Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities.

Pool Maintenance

Represents the costs of regular cleaning and treatments of the District’s pool. The District is contracted with Complete Pool Care, Inc. for these services.

Amenity Access Management

Represents the cost with Governmental Management Services – Central Florida LLC of managing and monitoring access to the District’s amenity facilities

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Expenses:

Capital Reserves

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.

VillaMar
Community Development District Adopted Budget
Capital Reserve

Proposed Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2022	5/31/22	4 Months	9/30/22	FY2023	

Revenues					
Fund Balance	$	-	$	-	$	-	$	-	$	1,000	
Transfer In	$	1,000	$	-	$	1,000	$	1,000	$	46,170	
Total Revenues	$	1,000	$	-	$	1,000	$	1,000	$	47,170	

Expenditures					
Contingency	$	-	$	-	$	-	$	-	$	600	
Total Expenditures	$	-	$	-	$	-	$	-	$	600	
					
Net Change in Fund Balance	$	1,000	$	-	$	1,000	$	1,000	$	46,570	

VillaMar
Community Development District
Adopted Budget
Series 2019 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2022	5/31/22	4 Months	9/30/22	FY2023	

Revenues					
Assessments	$	404,974	$	405,628	$	-	$	405,628	$	404,975	
Interest Income	$	-	$	17	$	-	$	17	$	-	
Carry Forward Surplus	$	187,971	$	169,851	$	-	$	169,851	$	150,446	
Total Revenues	$	592,945	$	575,496	$	-	$	575,496	$	555,421	

Expenditures					
Interest - 11/1	$	147,763	$	147,763	$	-	$	147,763	$	145,225	
Special Call - 11/1	$	-	$	20,000	$	-	$	20,000	$	-	
Principal - 5/1	$	110,000	$	110,000	$	-	$	110,000	$	115,000	
Interest - 5/1	$	147,763	$	147,288	$	-	$	147,288	$	145,225	
Total Expenditures	$	405,525	$	425,050	$	-	$	425,050	$	405,450	
					
Net Change in Fund Balance	$	187,420	$	150,446	$	-	$	150,446	$	149,971	

Interest Expense 11/1/23 $
Total  $

143,069
143,069

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	334	$	404,975	$	1,213	$	1,304	
	334	$	404,975			

Villamar Community Development District Series 2019 Special Assessment Bonds
Amortization Schedule

Date	Balance	Principal	Interest	Total

11/01/22	$	6,230,000.00	$	
05/01/23	$	6,230,000.00	$	115	
11/01/23	$	6,115,000.00	$	
05/01/24	$	6,115,000.00	$	120	
11/01/24	$	5,995,000.00	$	
05/01/25	$	5,995,000.00	$	125	
11/01/25	$	5,870,000.00	$	
05/01/26	$	5,870,000.00	$	130	
11/01/26	$	5,740,000.00	$	
05/01/27	$	5,740,000.00	$	135	
11/01/27	$	5,605,000.00	$	
05/01/28	$	5,605,000.00	$	140	
11/01/28	$	5,465,000.00	$	
05/01/29	$	5,465,000.00	$	145	
11/01/29	$	5,320,000.00	$	
05/01/30	$	5,320,000.00	$	150	
11/01/30	$	5,170,000.00	$	
05/01/31	$	5,170,000.00	$	160	
11/01/31	$	5,010,000.00	$	
05/01/32	$	5,010,000.00	$	165	
11/01/32	$	4,845,000.00	$	
05/01/33	$	4,845,000.00	$	175	
11/01/33	$	4,670,000.00	$	
05/01/34	$	4,670,000.00	$	185	
11/01/34	$	4,485,000.00	$	
05/01/35	$	4,485,000.00	$	190	
11/01/35	$	4,295,000.00	$	
05/01/36	$	4,295,000.00	$	200	
11/01/36	$	4,095,000.00	$	
05/01/37	$	4,095,000.00	$	210	
11/01/37	$	3,885,000.00	$	
05/01/38	$	3,885,000.00	$	220	
11/01/38	$	3,665,000.00	$	
05/01/39	$	3,665,000.00	$	230	
11/01/39	$	3,435,000.00	$	
05/01/40	$	3,435,000.00	$	240	
11/01/40	$	3,195,000.00	$	
05/01/41	$	3,195,000.00	$	255	
11/01/41	$	2,940,000.00	$	
05/01/42	$	2,940,000.00	$	265	
11/01/42	$	2,675,000.00	$	
05/01/43	$	2,675,000.00	$	280	
11/01/43	$	2,395,000.00	$	
05/01/44	$	2,395,000.00	$	295	
11/01/44	$	2,100,000.00	$	
05/01/45	$	2,100,000.00	$	310	
11/01/45	$	1,790,000.00	$	
05/01/46	$	1,790,000.00	$	325	
11/01/46	$	1,465,000.00	$	
05/01/47	$	1,465,000.00	$	340	
11/01/47	$	1,125,000.00	$	
05/01/48	$	1,125,000.00	$	355	
11/01/48	$	770,000.00	$	
05/01/49	$	770,000.00	$	375	
11/01/49	$	395,000.00	$	
05/01/50	$	395,000.00	$	395	
			$	6,230	

$	145,225.00	$	145,225.00	
$	145,225.00	$	-	
$	143,068.75	$	403,293.75	
$	143,068.75	$	-	
$	140,818.75	$	403,887.50	
$	140,818.75	$	-	
$	138,318.75	$	404,137.50	
$	138,318.75	$	-	
$	135,718.75	$	404,037.50	
$	135,718.75	$	-	
$	133,018.75	$	403,737.50	
$	133,018.75	$	-	
$	130,218.75	$	403,237.50	
$	130,218.75	$	-	
$	127,318.75	$	402,537.50	
$	127,318.75	$	-	
$	123,850.00	$	401,168.75	
$	123,850.00	$	-	
$	120,150.00	$	404,000.00	
$	120,150.00	$	-	
$	116,334.38	$	401,484.38	
$	116,334.38	$	-	
$	112,287.50	$	403,621.88	
$	112,287.50	$	-	
$	108,009.38	$	405,296.88	
$	108,009.38	$	-	
$	103,615.63	$	401,625.00	
$	103,615.63	$	-	
$	98,990.63	$	402,606.25	
$	98,990.63	$	-	
$	94,134.38	$	403,125.00	
$	94,134.38	$	-	
$	89,046.88	$	403,181.25	
$	89,046.88	$	-	
$	83,728.13	$	402,775.00	
$	83,728.13	$	-	
$	77,878.13	$	401,606.25	
$	77,878.13	$	-	
$	71,662.50	$	404,540.63	
$	71,662.50	$	-	
$	65,203.13	$	401,865.63	
$	65,203.13	$	-	
$	58,378.13	$	403,581.25	
$	58,378.13	$	-	
$	51,187.50	$	404,565.63	
$	51,187.50	$	-	
$	43,631.25	$	404,818.75	
$	43,631.25	$	-	
$	35,709.38	$	404,340.63	
$	35,709.38	$	-	
$	27,421.88	$	403,131.25	
$	27,421.88	$	-	
$	18,768.75	$	401,190.63	
$	18,768.75	$	-	
$	9,628.13	$	403,396.88	
$	9,628.13	$	404,628.13	

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

,000.00  $

5,206,643.75  $

11,436,643.75

VillaMar
Community Development District
Adopted Budget
Series 2020 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2022	5/31/22	4 Months	9/30/22	FY2023	

Revenues					
Assessments	$	368,900	$	137,700	$	-	$	137,700	$	368,900	
Assessments - Lot Closings	$	-	$	231,350	$	-	$	231,350	$	-	
Interest Income	$	-	$	21	$	-	$	21	$	-	
Carry Forward Surplus	$	120,947	$	305,383	$	-	$	305,383	$	123,135	
Total Revenues	$	489,847	$	674,454	$	-	$	674,454	$	492,035	

Expenditures					
Interest - 11/1	$	120,934	$	120,934	$	-	$	120,934	$	119,294	
Principal - 5/1	$	125,000	$	125,000	$	-	$	125,000	$	130,000	
Interest - 5/1	$	120,934	$	120,934	$	-	$	120,934	$	119,294	
Total Expenditures	$	366,869	$	366,869	$	-	$	366,869	$	368,588	

Other Financing Uses					
Transfer Out	$	-	$	184,450	$	-	$	184,450	$	-	
Total Other Financing Uses	$	-	$	184,450	$	-	$	184,450	$	-	
					
Net Change in Fund Balance	$	122,978	$	123,135	$	-	$	123,135	$	123,447	

Interest Expense 11/1/23  $
Total $

117,588
117,588

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family - Adams	97	$	130,950	$	1,350	$	1,452	
Single Family - D.R. Horton	103	$	128,750	$	1,250	$	1,344	
Single Family	81	$	109,350	$	1,350	$	1,452	
	281	$	368,900			

Villamar Community Development District Series 2020 Special Assessment Bonds
Amortization Schedule

Date	Balance	Principal	Interest	Total

11/01/22	$	6,375,000.00	$	
05/01/23	$	6,375,000.00	$	130	
11/01/23	$	6,245,000.00	$	
05/01/24	$	6,245,000.00	$	135	
11/01/24	$	6,110,000.00	$	
05/01/25	$	6,110,000.00	$	135	
11/01/25	$	5,975,000.00	$	
05/01/26	$	5,975,000.00	$	140	
11/01/26	$	5,835,000.00	$	
05/01/27	$	5,835,000.00	$	145	
11/01/27	$	5,690,000.00	$	
05/01/28	$	5,690,000.00	$	150	
11/01/28	$	5,540,000.00	$	
05/01/29	$	5,540,000.00	$	155	
11/01/29	$	5,385,000.00	$	
05/01/30	$	5,385,000.00	$	160	
11/01/30	$	5,225,000.00	$	
05/01/31	$	5,225,000.00	$	165	
11/01/31	$	5,060,000.00	$	
05/01/32	$	5,060,000.00	$	170	
11/01/32	$	4,890,000.00	$	
05/01/33	$	4,890,000.00	$	180	
11/01/33	$	4,710,000.00	$	
05/01/34	$	4,710,000.00	$	185	
11/01/34	$	4,525,000.00	$	
05/01/35	$	4,525,000.00	$	190	
11/01/35	$	4,335,000.00	$	
05/01/36	$	4,335,000.00	$	200	
11/01/36	$	4,135,000.00	$	
05/01/37	$	4,135,000.00	$	205	
11/01/37	$	3,930,000.00	$	
05/01/38	$	3,930,000.00	$	215	
11/01/38	$	3,715,000.00	$	
05/01/39	$	3,715,000.00	$	225	
11/01/39	$	3,490,000.00	$	
05/01/40	$	3,490,000.00	$	230	
11/01/40	$	3,260,000.00	$	
05/01/41	$	3,260,000.00	$	240	
11/01/41	$	3,020,000.00	$	
05/01/42	$	3,020,000.00	$	250	
11/01/42	$	2,770,000.00	$	
05/01/43	$	2,770,000.00	$	260	
11/01/43	$	2,510,000.00	$	
05/01/44	$	2,510,000.00	$	270	
11/01/44	$	2,240,000.00	$	
05/01/45	$	2,240,000.00	$	285	
11/01/45	$	1,955,000.00	$	
05/01/46	$	1,955,000.00	$	295	
11/01/46	$	1,660,000.00	$	
05/01/47	$	1,660,000.00	$	305	
11/01/47	$	1,355,000.00	$	
05/01/48	$	1,355,000.00	$	320	
11/01/48	$	1,035,000.00	$	
05/01/49	$	1,035,000.00	$	330	
11/01/49	$	705,000.00	$	
05/01/50	$	705,000.00	$	345	
11/1/50	$	360,000.00	$	
5/1/51	$	360,000.00	$	360	
			$	6,375	

$	119,293.75	$	119,293.75	
$	119,293.75	$	-	
$	117,587.50	$	366,881.25	
$	117,587.50	$	-	
$	115,815.63	$	368,403.13	
$	115,815.63	$	-	
$	114,043.75	$	364,859.38	
$	114,043.75	$	-	
$	111,803.75	$	365,847.50	
$	111,803.75	$	-	
$	109,483.75	$	366,287.50	
$	109,483.75	$	-	
$	107,083.75	$	366,567.50	
$	107,083.75	$	-	
$	104,603.75	$	366,687.50	
$	104,603.75	$	-	
$	102,043.75	$	366,647.50	
$	102,043.75	$	-	
$	98,950.00	$	365,993.75	
$	98,950.00	$	-	
$	95,762.50	$	364,712.50	
$	95,762.50	$	-	
$	92,387.50	$	368,150.00	
$	92,387.50	$	-	
$	88,918.75	$	366,306.25	
$	88,918.75	$	-	
$	85,356.25	$	364,275.00	
$	85,356.25	$	-	
$	81,606.25	$	366,962.50	
$	81,606.25	$	-	
$	77,762.50	$	364,368.75	
$	77,762.50	$	-	
$	73,731.25	$	366,493.75	
$	73,731.25	$	-	
$	69,512.50	$	368,243.75	
$	69,512.50	$	-	
$	65,200.00	$	364,712.50	
$	65,200.00	$	-	
$	60,400.00	$	365,600.00	
$	60,400.00	$	-	
$	55,400.00	$	365,800.00	
$	55,400.00	$	-	
$	50,200.00	$	365,600.00	
$	50,200.00	$	-	
$	44,800.00	$	365,000.00	
$	44,800.00	$	-	
$	39,100.00	$	368,900.00	
$	39,100.00	$	-	
$	33,200.00	$	367,300.00	
$	33,200.00	$	-	
$	27,100.00	$	365,300.00	
$	27,100.00	$	-	
$	20,700.00	$	367,800.00	
$	20,700.00	$	-	
$	14,100.00	$	364,800.00	
$	14,100.00	$	-	
$	7,200.00	$	366,300.00	
$	7,200.00	$	367,200.00	

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

,000.00  $

4,366,293.75  $

10,741,293.75

VillaMar
Community Development District
Adopted Budget
Series 2022 Phase 3 Debt Service Fund

Proposed Budget	Actual Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2022	5/31/22	4 Months	9/30/22	FY2023	

Revenues

Assessments Interest Income
Carry Forward Surplus

$	171,929	$
$	-	$
$	-	$

-	$	171,929	$
1	$	-	$
-	$	-	$

171,929	$
1	$
-	$

174,400
- 171,930

Total Revenues	$	171,929	$	1	$	171,929	$	171,930	$	346,330

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

$	-	$	-	$
$	-	$	-	$
$	-	$	-	$

-	$	-
-	$	-
-	$	-

$	71,929
$	100,000
$	56,497

Total Expenditures	$	-	$	-	$	-	$	-	$	228,426

Other Financing Sources

Bond Proceeds

$	87,200	$

87,200	$

-	$	87,200	$	-

Total Other Financing Sources	$	87,200	$	87,200	$	-	$	87,200	$	-

Net Change in Fund Balance	$	259,129	$	87,201	$	171,929	$	259,130	$	117,904

Interest Expense 11/1/23	$	56,497	
Principal Expense 11/1/23	$	60,000	
Total	$	116,497	

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family - Phase 3	140	$	174,400	$	1,246	$	1,339	
	140	$	174,400			

Villamar
Community Development District
Series 2022 Phase 3 Special Assessment Bonds Amortization Schedule

Date	Balance	Principal	Interest	Total

11/01/22	$	3,040,000.00	$	100	
05/01/23	$	2,940,000.00	$	
11/01/23	$	2,940,000.00	$	60	
05/01/24	$	2,880,000.00	$	
11/01/24	$	2,880,000.00	$	60	
05/01/25	$	2,820,000.00	$	
11/01/25	$	2,820,000.00	$	65	
05/01/26	$	2,755,000.00	$	
11/01/26	$	2,755,000.00	$	65	
05/01/27	$	2,690,000.00	$	
11/01/27	$	2,690,000.00	$	65	
05/01/28	$	2,625,000.00	$	
11/01/28	$	2,625,000.00	$	70	
05/01/29	$	2,555,000.00	$	
11/01/29	$	2,555,000.00	$	70	
05/01/30	$	2,485,000.00	$	
11/01/30	$	2,485,000.00	$	75	
05/01/31	$	2,410,000.00	$	
11/01/31	$	2,410,000.00	$	75	
05/01/32	$	2,335,000.00	$	
11/01/32	$	2,335,000.00	$	80	
05/01/33	$	2,255,000.00	$	
11/01/33	$	2,255,000.00	$	80	
05/01/34	$	2,175,000.00	$	
11/01/34	$	2,175,000.00	$	85	
05/01/35	$	2,090,000.00	$	
11/01/35	$	2,090,000.00	$	90	
05/01/36	$	2,000,000.00	$	
11/01/36	$	2,000,000.00	$	90	
05/01/37	$	1,910,000.00	$	
11/01/37	$	1,910,000.00	$	95	
05/01/38	$	1,815,000.00	$	
11/01/38	$	1,815,000.00	$	100	
05/01/39	$	1,715,000.00	$	
11/01/39	$	1,715,000.00	$	105	
05/01/40	$	1,610,000.00	$	
11/01/40	$	1,610,000.00	$	110	
05/01/41	$	1,500,000.00	$	
11/01/41	$	1,500,000.00	$	110	
05/01/42	$	1,390,000.00	$	
11/01/42	$	1,390,000.00	$	115	
05/01/43	$	1,275,000.00	$	
11/01/43	$	1,275,000.00	$	120	
05/01/44	$	1,155,000.00	$	
11/01/44	$	1,155,000.00	$	125	
05/01/45	$	1,030,000.00	$	
11/01/45	$	1,030,000.00	$	130	
05/01/46	$	900,000.00	$	
11/01/46	$	900,000.00	$	135	
05/01/47	$	765,000.00	$	
11/01/47	$	765,000.00	$	140	
05/01/48	$	625,000.00	$	
11/01/48	$	625,000.00	$	145	
05/01/49	$	480,000.00	$	
11/01/49	$	480,000.00	$	155	
05/01/50	$	325,000.00	$	
11/1/50	$	325,000.00	$	160	
5/1/51	$	165,000.00	$	
11/1/51	$	165,000.00	$	165	
			$	3,040	

$	71,929.11	$	171,929.11	
$	56,496.88	$	-	
$	56,496.88	$	172,993.75	
$	55,559.38	$	-	
$	55,559.38	$	171,118.75	
$	54,621.88	$	-	
$	54,621.88	$	174,243.75	
$	53,606.25	$	-	
$	53,606.25	$	172,212.50	
$	52,590.63	$	-	
$	52,590.63	$	170,181.25	
$	51,575.00	$	-	
$	51,575.00	$	173,150.00	
$	50,350.00	$	-	
$	50,350.00	$	170,700.00	
$	49,125.00	$	-	
$	49,125.00	$	173,250.00	
$	47,812.50	$	-	
$	47,812.50	$	170,625.00	
$	46,500.00	$	-	
$	46,500.00	$	173,000.00	
$	45,100.00	$	-	
$	45,100.00	$	170,200.00	
$	43,500.00	$	-	
$	43,500.00	$	172,000.00	
$	41,800.00	$	-	
$	41,800.00	$	173,600.00	
$	40,000.00	$	-	
$	40,000.00	$	170,000.00	
$	38,200.00	$	-	
$	38,200.00	$	171,400.00	
$	36,300.00	$	-	
$	36,300.00	$	172,600.00	
$	34,300.00	$	-	
$	34,300.00	$	173,600.00	
$	32,200.00	$	-	
$	32,200.00	$	174,400.00	
$	30,000.00	$	-	
$	30,000.00	$	170,000.00	
$	27,800.00	$	-	
$	27,800.00	$	170,600.00	
$	25,500.00	$	-	
$	25,500.00	$	171,000.00	
$	23,100.00	$	-	
$	23,100.00	$	171,200.00	
$	20,600.00	$	-	
$	20,600.00	$	171,200.00	
$	18,000.00	$	-	
$	18,000.00	$	171,000.00	
$	15,300.00	$	-	
$	15,300.00	$	170,600.00	
$	12,500.00	$	-	
$	12,500.00	$	170,000.00	
$	9,600.00	$	-	
$	9,600.00	$	174,200.00	
$	6,500.00	$	-	
$	6,500.00	$	173,000.00	
$	3,300.00	$	-	
$	3,300.00	$	171,600.00	

,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

,000.00  $

2,115,604.11  $

5,155,604.11

VillaMar
Community Development District
Adopted Budget
Series 2022 Phase 4 Debt Service Fund

Proposed Budget	Actual Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2022	5/31/22	4 Months	9/30/22	FY2023	

Revenues

Assessments Interest Income
Carry Forward Surplus

$	-	$	-	$
$	-	$	3	$
$	-	$	-	$

-	$	-	$
-	$	3	$
-	$	-	$

249,825
- 104,844

Total Revenues	$	-	$	3	$	-	$	3	$	354,669

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

$	-	$	-	$
$	-	$	-	$
$	-	$	-	$

-	$	-
-	$	-
-	$	-

$	104,841
$	80,000
$	84,625

Total Expenditures	$	-	$	-	$	-	$	-	$	269,466

Other Financing Sources

Bond Proceeds	$	354,666	$	354,666	$	-	$	354,666	$	-	
Total Other Financing Sources (Uses)	$	354,666	$	354,666	$	-	$	354,666	$	-	
					
Net Change in Fund Balance	$	354,666	$	354,669	$	-	$	354,669	$	85,203	

Interest Expense 11/1/23  $
Total $

83,325
83,325

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family - Phase 4	200	$	249,825	$	1,249	$	1,343	
	200	$	249,825			

Villamar
Community Development District
Series 2022 Phase 4 Special Assessment Bonds Amortization Schedule

Date	Balance	Principal	Interest	Total

11/01/22	$	4,295,000.00	$	
05/01/23	$	4,295,000.00	$	80	
11/01/23	$	4,215,000.00	$	
05/01/24	$	4,215,000.00	$	80	
11/01/24	$	4,135,000.00	$	
05/01/25	$	4,135,000.00	$	85	
11/01/25	$	4,050,000.00	$	
05/01/26	$	3,870,000.00	$	90	
11/01/26	$	3,870,000.00	$	
05/01/27	$	3,870,000.00	$	90	
11/01/27	$	3,870,000.00	$	
05/01/28	$	3,870,000.00	$	95	
11/01/28	$	3,775,000.00	$	
05/01/29	$	3,775,000.00	$	95	
11/01/29	$	3,680,000.00	$	
05/01/30	$	3,680,000.00	$	100	
11/01/30	$	3,365,000.00	$	
05/01/31	$	3,365,000.00	$	105	
11/01/31	$	3,365,000.00	$	
05/01/32	$	3,365,000.00	$	110	
11/01/32	$	3,365,000.00	$	
05/01/33	$	3,365,000.00	$	110	
11/01/33	$	3,255,000.00	$	
05/01/34	$	3,255,000.00	$	115	
11/01/34	$	3,140,000.00	$	
05/01/35	$	3,140,000.00	$	120	
11/01/35	$	3,020,000.00	$	
05/01/36	$	3,020,000.00	$	125	
11/01/36	$	2,895,000.00	$	
05/01/37	$	2,895,000.00	$	130	
11/01/37	$	2,765,000.00	$	
05/01/38	$	2,765,000.00	$	135	
11/01/38	$	2,630,000.00	$	
05/01/39	$	2,630,000.00	$	140	
11/01/39	$	2,490,000.00	$	
05/01/40	$	2,490,000.00	$	150	
11/01/40	$	2,025,000.00	$	
05/01/41	$	2,025,000.00	$	155	
11/01/41	$	2,025,000.00	$	
05/01/42	$	2,025,000.00	$	160	
11/01/42	$	2,025,000.00	$	
05/01/43	$	2,025,000.00	$	165	
11/01/43	$	1,860,000.00	$	
05/01/44	$	1,860,000.00	$	175	
11/01/44	$	1,685,000.00	$	
05/01/45	$	1,685,000.00	$	180	
11/01/45	$	1,505,000.00	$	
05/01/46	$	1,505,000.00	$	190	
11/01/46	$	1,315,000.00	$	
05/01/47	$	1,315,000.00	$	195	
11/01/47	$	1,120,000.00	$	
05/01/48	$	1,120,000.00	$	205	
11/01/48	$	915,000.00	$	
05/01/49	$	915,000.00	$	215	
11/01/49	$	700,000.00	$	
05/01/50	$	700,000.00	$	225	
11/1/50	$	475,000.00	$	
5/1/51	$	475,000.00	$	235	
11/1/51	$	240,000.00	$	
5/1/52	$	240,000.00	$	240

$	4,295	

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

4,840.97

$	104,840.97	$	10	
$	84,625.00	$	
$	83,325.00	$	24	
$	83,325.00	$	
$	82,025.00	$	24	
$	82,025.00	$	
$	80,643.75	$	24	
$	80,643.75	$	
$	79,181.25	$	24	
$	79,181.25	$	
$	77,718.75	$	24	
$	77,718.75	$	
$	75,996.88	$	24	
$	75,996.88	$	
$	74,275.00	$	24	
$	74,275.00	$	
$	72,462.50	$	24	
$	72,462.50	$	
$	70,559.38	$	24	
$	70,559.38	$	
$	68,565.63	$	24	
$	68,565.63	$	
$	66,365.63	$	24	
$	66,365.63	$	
$	64,065.63	$	24	
$	64,065.63	$	
$	61,665.63	$	24	
$	61,665.63	$	
$	59,165.63	$	24	
$	59,165.63	$	
$	56,565.63	$	24	
$	56,565.63	$	
$	53,865.63	$	24	
$	53,865.63	$	
$	51,065.63	$	24	
$	51,065.63	$	
$	48,065.63	$	24	
$	48,065.63	$	
$	44,965.63	$	24	
$	44,965.63	$	
$	41,765.63	$	24	
$	41,765.63	$	
$	38,362.50	$	24	
$	38,362.50	$	
$	34,753.13	$	24	
$	34,753.13	$	
$	31,040.63	$	24	
$	31,040.63	$	
$	27,121.88	$	24	
$	27,121.88	$	
$	23,100.00	$	24	
$	23,100.00	$	
$	18,871.88	$	24	
$	18,871.88	$	
$	14,437.50	$	24	
$	14,437.50	$	
$	9,796.88	$	24	
$	9,796.88	$	
$	4,950.00	$	24	
$	4,950.00	$	24	

- 7,950.00
- 5,350.00
- 7,668.75
- 9,825.00
- 6,900.00
- 8,715.63
- 5,271.88
- 6,737.50
- 8,021.88
- 9,125.00
- 4,931.25
- 5,431.25
- 5,731.25
- 5,831.25
- 5,731.25
- 5,431.25
- 4,931.25
- 9,131.25
- 8,031.25
- 6,731.25
- 5,128.13
- 8,115.63
- 5,793.75
- 8,162.50
- 5,221.88
- 6,971.88
- 8,309.38
- 9,234.38
- 9,746.88
4,950.00

,000.00  $

3,218,953.47  $

7,513,953.47