VillaMar Community Development District

Meeting Agenda August 6, 2024

VillaMar
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
July 30, 2024

Board of Supervisors Meeting
VillaMar Community Development District

Dear Board Members:

A meeting of the Board of Supervisors of the VillaMar Community Development District will be held Tuesday, August 6, 2024 at 11:00 AM at the Holiday Inn—Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida 33880.

Zoom Video Join Link: https://us06web.zoom.us/j/88146441262
Call-In Information: 1-646-876-9923
Meeting ID: 881 4644 1262

Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period (1Speakers will fill out a card and submit it to the District Manager prior to the beginning of the meeting)
Approval of Minutes of the May 7, 2024 Board of Supervisors Meeting
Public Hearing
Public Hearing on the Adoption of the Fiscal Year 2024/2025 Budget
Consideration of Resolution 2024-11 Adopting the District’s Fiscal Year 2024/2025 Budget and Appropriating Funds
Consideration of Resolution 2024-12 Imposing Special Assessments and Certifying an Assessment Roll
Consideration of Resolution 2024-13 Designation of a Regular Monthly Meeting Date, Time, and Location for Fiscal Year 2024/2025
Discussion Regarding Parking Policy
Consideration of the Adoption of Goals and Objectives for the District
Presentation of Fiscal Year 2023 Audit Report
Presentation of Arbitrage Rebate Reports:
Series 2022 Phase 3 Project Bonds
Series 2022 Phase 4 Project Bonds
Series 2023 Assessment Area 5 Project Bonds
Staff Reports
Attorney
Engineer
Presentation of Annual Engineer’s Report

1 Comments will be limited to three (3) minutes
Field Manager’s Report
Consideration of Proposals for Playground Fencing
Danielle Fence
Williams Fence
Fence Outlet (to be provided under separate cover)
Approval of Check Register
Balance Sheet & Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

Minutes
MINUTES OF MEETING VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the VillaMar Community Development District was held on Tuesday, May 7, 2024, at 11:02 a.m. at the Holiday Inn – Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida.

Present and constituting a quorum:

Rennie Heath	Chairman
Brian Walsh by Zoom	Vice Chairman
Lauren Schwenk	Assistant Secretary
Eric Lavoie	Assistant Secretary

Also, present were:

Jill Burns	District Manager, GMS
Lauren Gentry	District Counsel, KVW Law
Marshall Tindall	Field Manager, GMS
John Bannon by Zoom	District Engineer, Wood Engineering

The following is a summary of the discussions and actions taken at the May 7, 2024, VillaMar Community Development District’s Regular Board of Supervisor’s Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order. There were three Supervisors present in person constituting a quorum and Brian Walsh joined via Zoom.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns opened the public comment portion of the meeting at this time.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the February
6, 2024, Board of Supervisors Meeting and Audit Committee Meeting
Ms. Burns presented the meeting minutes from the February 6, 2024, Board of Supervisors meeting and Audit Committee meeting and asked for any corrections, comments, or questions. The Board had no changes to the minutes.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-08
Approving the Proposed Fiscal Year 2024/2025 Budget (Suggested Date: August 6, 2024) and setting the Public Hearing on the Adoption of the Fiscal Year 2024-2025 Budget
Ms. Burns stated this will begin the budget process. She noted a preliminary budget needed to be adopted by June 15th of year and sent to the county office 60 days prior to the meeting. Shea suggested a date for the public hearing is August 6, 2024, which is the next regularly scheduled meeting. She added if there is a proposed increase a mailed notice is required. Ms. Burns noted there is not an expected increase for this upcoming year starting on October 1, 2024- September 30, 2025. She added they were abler to increase a transfer, but the assessments are anticipated to stay the same. The next Phase is not expected to open in the fall and is not included in this budget. The expected amount of this budget is for $756,084.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-09
Ratifying Series 2024 Bonds
Ms. Burns stated the district closed on Assessment Area 6 bonds on February 14, 2024 and this resolution ratifies, confirms, and approves all actions taken by any officers and staff.

SIXTH ORDER OF BUSINESS	Consideration of Fourth Amended and
Restated Disclosure of Public Financing
Ms. Burns stated this has already been recorded in the public record and will put potential property owners notice in the Area 6 bonds on notice to add to the existing notice.

SEVENTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-10
Extending the Terms of Office
Ms. Burns stated there is a landowner’s election each year in November and once the threshold for turnover the elections must be held in an even year. Once they have transferred to the general election and will allow voting for the seats available. This resolution extends the term from 2025 to 2026 and will line up with the even year.

EIGHTH ORDER OF BUSINESS	Consideration	of	Easement	Fencing
Agreement
Ms. Burn explained the District Engineer and the HOA have discussed the issue regarding a drainage easement and what will be required if residents want to fence these easement areas. Mr. Banon conducted a review and provided some feedback on fencing requirements and a map. He noted they wanted to distinguish the difference in drainage easements throughout the district. He added the recorded plats of Phases 1-6 show drainage easements. He explained the drainage features, fencing elevation that will be needed, and identified drainage easements for fencing guidance. Ms. Burns noted this will be provided to the

HOA and an agreement will be drafted by Counsel to allow residents to fence provided they follow the guidance. The residents will be required to complete an application process.
Discussion ensued on the specific requirements, the process for the agreement, signing the application, approval by the HOA, and providing access if the CDD needs. Approval will allow District Counsel to draft the agreement.

NINTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Gentry asked the Board to make a motion that will authorize agreement regarding fill dirt to be utilized in VillMar Phase 8.

Engineer
Mr. Lavoie made comments regarding the amount of dirt that may be needed is less than expected. Ms. Burns discussed a contingency could be used and they will bring back a proposal to the Board.

Field Manager’s Report
Mr. Tindall presented the field service report to include overview of the facilities and the playground review. He reviewed the proposals to include pool status. Discussion ensued on the landscaping, grasses, fence repairs, signs, and installation at the entrance to the community. Ms. Burns noted signs are place in Phases 1-5. They are waiting on the towing company. Notices will be mailed once they are notified from towing company as to when the towing will begin.

Consideration of Updated Pond Maintenance Supersede Services Contract from Solitude Lake Management
Mr. Tindall presented the proposal for the pond maintenance contract adding the phases to the existing contract.

Consideration of Landscape Proposal Summary from Prince & Sons to Add Phase 6 to Landscaping Contract
Mr. Tindall presented the landscaping contract from Prince & Sons.

District Manager’s Report
Approval of Check Register
Ms. Burns asked for a motion to approve the check register.

March.
Balance Sheet & Income Statement
Ms. Burns noted there is no action needed by the Board. They are for the month of

Presentation of Number of Registered Voters- 999
Ms. Burns noted the number of registered voters in the community was 999 as of April 15, 2024. She noted they have met the threshold of at least 250 voters. and will extend the terms to the even year.

Consideration of Resident Request to Host “Pelican’s Sno-Cone Truck” in Amenity Parking Lot – Tuesday, June 25, 2024, from 2:00 PM to 4:00 PM
Ms. Burns noted this was a resident request to provide a truck to give out snow cones on June 25, 2024, from 2:00 to 4:00 p.m. She added the truck had insurance and they will park in

the parking lot. They would pass out information on the upcoming Bible School. Ms. Gentry added there was no problem with this request.

Request for Food Truck
Ms. Burns noted a 2nd request had come in for a food truck for one day each month in the Amenity Parking lot to sell food. Ms. Burns stated she thought a permit through the city was required for this to occur. She asked the Board if they wanted to allow this. She also noted the food would not be allowed on the pool deck. Concerns from the Board were stated they would set a precedent on allowing food trucks on the property. Ms. Burns stated they would respond to the vendor that the Board would not allow this for now.

TENTH ORDER OF BUSINESS	Other Business
Ms. Burns asked for other business. The Board had no further comments.

ELEVENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments.
Ms. Burns asked for audience comments. Comments included signage from Builders, other signs not on CDD property, food truck allowance, issue with traffic and trash, sidewalk cracks are for county to fix, final parking decison and finalizing rules on parking and towing, overnight parking issues, holiday decorations, detailed budget available for viewing of residents, application for fence, long term plan for pool and parking security, food truck issue and food in the pool areas, parking and traffic issues, fencing concerns, traffic on Cunningham, landscapers, cracks in sidewalks, grass in the cracks, trash issues,
Ms. Burns replied to the concerns after the conclusion of the meeting.

TWELFTH ORDER OF BUSINESS	Adjournment

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

Section A

Section 1
RESOLUTION 2024-11
THE ANNUAL APPROPRIATION RESOLUTION OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2024, AND ENDING SEPTEMBER 30, 2025; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2024, submitted to the Board of Supervisors (“Board”) of the VillaMar Community Development District (“District”) proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2024 and ending September 30, 2025 (“Fiscal Year 2024/2025”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and
WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and
WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.  BUDGET
The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

The Proposed Budget, attached hereto as Exhibit “A,” as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.
The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the VillaMar Community Development District for the Fiscal Year Ending September 30, 2025.”

The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, and shall remain on the website for at least 2 years.
SECTION 2.	APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2024/2025, the sum of 	 to be raised to be raised by levy of assessments, pursuant to a developer funding agreement or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:
TOTAL GENERAL FUND

CAPITAL RESERVE FUND

DEBT SERVICE FUND

TOTAL ALL FUNDS

SECTION 3.	BUDGET AMENDMENTS
Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2024/2025 or within 60 days following the end of the Fiscal Year 2024/2025 may amend its Adopted Budget for that fiscal year as follows:

A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

The District Manager or Treasurer may approve an expenditure that would increase or decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000 or 15% of the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must ensure that any amendments to the budget under paragraph
c. above are posted on the District’s website within five (5) days after adoption and remain on the website for at least two (2) years.
SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 6TH DAY OF AUGUST, 2024.

ATTEST:	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary
By:	 Its:	
Exhibit A:	FY 2024/2025 Budget

VillaMar
Community Development District

Proposed Budget
FY2025

Table of Contents

1-2

3-7

8

9

10

11

12

13

14

15

16

17

18

19
	General Fund

	General Fund Narrative

	Capital Reserve Fund

	Series 2019 Debt Service Fund

	Series 2019 Amortization Schedule

	Series 2020 Debt Service Fund

	Series 2020 Amortization Schedule

	Series 2022 A3 Debt Service Fund

	Series 2022 A3 Amortization Schedule

	Series 2022 A4 Debt Service Fund

	Series 2022 A4 Amortization Schedule

	Series 2023 A5 Debt Service Fund

	Series 2023 A5 Amortization Schedule

	Series 2024 A6 Debt Service Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget		
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025		

Revenues						
Assessments - Tax Roll	$	672,192	$	675,938	$	-	$	675,938	$	984,004	
Assessments - Direct Bill (Unplatted 7&8)	143,837	107,878	35,959	143,837	71,847	
Miscellaneous Revenue	-	180	-	180	-	
Total Revenues	$	816,029	$	783,996	$	35,959	$	819,955	$ 1,055,851	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	3,000	
$	1,600	
$	4,600	
$	12,000	
Engineering	7,500	-	3,000	3,000	7,500	
Attorney	30,000	12,638	6,319	18,957	30,000	
Annual Audit	5,000	5,500	-	5,500	5,600	
Assessment Administration	7,500	7,500	-	7,500	10,000	
Arbitrage	2,250	1,800	450	2,250	2,700	
Dissemination	9,000	7,083	2,500	9,583	10,000	
Trustee Fees	19,880	11,044	19,634	30,678	29,800	
Management Fees	42,500	31,875	3,717	35,592	44,625	
Information Technology	1,800	1,350	450	1,800	1,890	
Website Maintenance	1,200	900	300	1,200	1,260	
Postage & Delivery	1,500	2,801	600	3,401	3,500	
Insurance	6,886	5,988	-	5,988	6,886	
Copies	1,000	9	250	259	500	
Legal Advertising	10,000	2,708	4,400	7,108	10,000	
Other Current Charges	1,500	2,250	750	3,000	1,500	
Office Supplies	500	24	34	58	500	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Subtotal Administrative	$	160,191	$	96,645	$	44,004	$	140,649	$	178,436	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget		
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025		

Operations & Maintenance						
Field Expenditures
Property Insurance	
$	15,000	
$	10,856	
$	-	
$	10,856	
$	18,854	
Field Management	16,538	12,404	4,135	16,539	22,500	
Landscape Maintenance	130,000	79,695	21,225	100,920	226,000	
Landscape Replacement	22,500	2,543	2,000	4,543	22,500	
Pond Maintenance	17,000	8,786	2,568	11,354	32,000	
Electric - Streetlights	166,320	103,315	51,658	154,973	166,320	
Electric	3,000	279	140	419	3,000	
Water	30,000	13,286	6,643	19,929	30,000	
Sidewalk & Asphalt Maintenance	2,500	-	1,000	1,000	2,500	
Irrigation Repairs	10,000	694	1,500	2,194	10,000	
General Repairs & Maintenance	20,000	31,242	15,621	46,863	25,000	
Contingency	7,500	24,735	10,000	34,735	40,000	
Subtotal Field Expenditures	$	440,358	$	287,835	$	116,489	$	404,324	$	598,674	

Amenity Expenditures
Amenity - Electric	

$	18,000	

$	10,433	

5,217	

$	15,650	

$	18,000	
Amenity - Water	20,000	9,493	4,747	14,240	20,000	
Playground & Furniture Lease	35,000	22,274	7,419	29,693	35,000	
Internet	3,000	1,642	547	2,189	3,000	
Pest Control	630	450	150	600	660	
Janitorial Services	10,700	7,750	2,583	10,333	11,780	
Security Services	33,800	23,419	7,806	31,225	36,036	
Pool Maintenance	30,000	32,130	10,710	42,840	34,440	
Amenity Access Management	7,500	5,625	1,875	7,500	7,500	
Amenity Repairs & Maintenance	10,000	8,194	2,731	10,925	10,000	
Holiday Decorations	-	-	-	-	10,000	
Contingency	7,500	-	1,000	1,000	10,000	
Subtotal Amenity Expenditures	$	176,130	$	121,410	$	44,785	$	166,195	$	196,416	
						
Total Operations & Maintenance	$	616,488	$	409,245	$	161,274	$	570,519	$	795,090	
Other Financing Uses
Capital Reserves	

$	39,350	

$	-	

$	39,350	

$	39,350	

$	82,325	
Total Other Financing Uses	$	39,350	$	-	$	39,350	$	39,350	$	82,325	

Total Expenditures	$	816,029	$	505,890	$	244,628	$	750,518	$ 1,055,851				
									
Net Change in Fund Balance	$	(0)	$	278,106	$	(208,669)	$	69,437	$	-				

Gross Assessments	
$1,135,324								
Less: Discounts & Collections 7%		$79,473 								
Net Assessments	 $	1,055,851 								

Product	
ERU's	Assessable Units	
ERU/Unit	
Net Assessment	
Net Per Unit	FY25
Gross Per Unit	FY24
Gross Per Unit	FY25
Change +/-	
Single Family	1398	1398	1	$984,004.31	$703.87	$756.84	$756.84	$0.00	
Phase 7 - Unplatted	66	393	0.17	$46,747.86	$118.95	$127.90	$148.57	-$20.67	
Phase 8 - Unplatted	36	211	0.17	$25,098.72	$118.95	$127.90	$148.57	-$20.67	
Total ERU's	1500	2002		$1,055,850.90					

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. The District has an agreement for $5000 for the first bond issuance, and an additional $1000 for each issuance after.

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 of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, 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.

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.

Copies

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.

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.

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 Expenditures

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.

Electric

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

Water

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 Expenditures

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 & Furniture 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.

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 Management

Amenity Management provides access card issuance through registration, proof of residency, and photo identification. The team also provides keycard troubleshooting for issues and concerns related to access control. Staff reviews security concerns and amenity policy violations via remote camera monitoring on an as-needed basis. Districts are provided electronic communication for District news and direct remote customer service through phone and email directly to the Amenity Access Team.

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 Financing Uses:

Capital Reserves

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.
Community Development District Proposed Budget
Capital Reserve

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues					
Carry Forward Surplus	$	-	$	-	$	-	$	-	$	39,350	
Transfer In	9,350	-	39,350	39,350	82,325	
Total Revenues	$	9,350	$	-	$	39,350	$	39,350	$	121,675	

Expenditures					
Chair Lift Replacement	$	-	$	-	$	-	$	-	$	10,500	
Furniture Replacement	-	-	-	-	12,500	
Contingency	600	-	-	-	600	
Total Expenditures	$	600	$	-	$	-	$	-	$	23,600	
					
Net Change in Fund Balance	$	8,750	$	-	$	39,350	$	39,350	$	98,075	
Community Development District
Proposed Budget
Series 2019 Area 1 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025		

Revenues						
Assessments	$	403,763	$	406,014	$	-	$	406,014	$	403,763	
Interest Income	-	16,107	2,000	18,107	-	
Carry Forward Surplus	164,293	164,494	-	164,494	183,440	
Total Revenues	$	568,056	$	586,615	$	2,000	$	588,615	$	587,203	

Expenditures						
Interest - 11/1	$	142,588	$	142,588	$	-	$	142,588	$	140,338	
Principal - 5/1	120,000	120,000	-	120,000	125,000	
Interest - 5/1	142,588	142,588	-	142,588	140,338	
Total Expenditures	$	405,175	$	405,175	$	-	$	405,175	$	405,675	
						
Net Change in Fund Balance	$	162,881	$	181,440	$	2,000	$	183,440	$	181,528	

Interest Expense 11/1/25  $
Total  $
137,838
137,838

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	333	$	403,763	$	1,213	$	1,304	
	333	$	403,763			
Series 2019 Special Assessment Bonds Amortization Schedule

05/01/24	$
6,095,000.00	$
120,000.00	$
142,587.50	$	-

11/01/25	$
05/01/26	$
11/01/26	$
05/01/27	$
11/01/27	$
05/01/28	$
11/01/28	$
05/01/29	$
11/01/29	$
05/01/30	$
11/01/30	$
05/01/31	$
11/01/31	$
05/01/32	$
11/01/32	$
05/01/33	$
11/01/33	$
05/01/34	$
11/01/34	$
05/01/35	$
11/01/35	$
05/01/36	$
11/01/36	$
05/01/37	$
11/01/37	$
05/01/38	$
11/01/38	$
05/01/39	$
11/01/39	$
05/01/40	$
11/01/40	$
05/01/41	$
11/01/41	$
05/01/42	$
11/01/42	$
05/01/43	$
11/01/43	$
05/01/44	$
11/01/44	$
05/01/45	$
11/01/45	$
05/01/46	$
11/01/46	$
05/01/47	$
11/01/47	$
05/01/48	$
11/01/48	$
05/01/49	$
11/01/49	$
05/01/50	$
5,850,000.00	$
5,850,000.00	$
5,720,000.00	$
5,720,000.00	$
5,585,000.00	$
5,585,000.00	$
5,445,000.00	$
5,445,000.00	$
5,300,000.00	$
5,300,000.00	$
5,150,000.00	$
5,150,000.00	$
4,990,000.00	$
4,990,000.00	$
4,825,000.00	$
4,825,000.00	$
4,650,000.00	$
4,650,000.00	$
4,470,000.00	$
4,470,000.00	$
4,280,000.00	$
4,280,000.00	$
4,080,000.00	$
4,080,000.00	$
3,870,000.00	$
3,870,000.00	$
3,650,000.00	$
3,650,000.00	$
3,420,000.00	$
3,420,000.00	$
3,180,000.00	$
3,180,000.00	$
2,925,000.00	$
2,925,000.00	$
2,660,000.00	$
2,660,000.00	$
2,380,000.00	$
2,380,000.00	$
2,085,000.00	$
2,085,000.00	$
1,780,000.00	$
1,780,000.00	$
1,460,000.00	$
1,460,000.00	$
1,120,000.00	$
1,120,000.00	$
765,000.00	$
765,000.00	$
390,000.00	$
390,000.00	$
$
130,000.00	$
$
135,000.00	$
$
140,000.00	$
$
145,000.00	$
$
150,000.00	$
$
160,000.00	$
$
165,000.00	$
$
175,000.00	$
$
180,000.00	$
$
190,000.00	$
$
200,000.00	$
$
210,000.00	$
$
220,000.00	$
$
230,000.00	$
$
240,000.00	$
$
255,000.00	$
$
265,000.00	$
$
280,000.00	$
$
295,000.00	$
$
305,000.00	$
$
320,000.00	$
$
340,000.00	$
$
355,000.00	$
$
375,000.00	$
$
390,000.00	$
137,837.50	$
137,837.50	$
135,237.50	$
135,237.50	$
132,537.50	$
132,537.50	$
129,737.50	$
129,737.50	$
126,837.50	$
126,837.50	$
123,368.75	$
123,368.75	$
119,668.75	$
119,668.75	$
115,853.13	$
115,853.13	$
111,806.25	$
111,806.25	$
107,643.75	$
107,643.75	$
103,250.00	$
103,250.00	$
98,625.00	$
98,625.00	$
93,768.75	$
93,768.75	$
88,681.25	$
88,681.25	$
83,362.50	$
83,362.50	$
77,512.50	$
77,512.50	$
71,296.88	$
71,296.88	$
64,837.50	$
64,837.50	$
58,012.50	$
58,012.50	$
50,821.88	$
50,821.88	$
43,387.50	$
43,387.50	$
35,587.50	$
35,587.50	$
27,300.00	$
27,300.00	$
18,646.88	$
18,646.88	$
9,506.25	$
9,506.25	$
403,175.00
- 403,075.00
- 402,775.00
- 402,275.00
- 401,575.00
- 400,206.25
- 403,037.50
- 400,521.88
- 402,659.38
- 399,450.00
- 400,893.75
- 401,875.00
- 402,393.75
- 402,450.00
- 402,043.75
- 400,875.00
- 403,809.38
- 401,134.38
- 402,850.00
- 403,834.38
- 399,209.38
- 398,975.00
- 402,887.50
- 400,946.88
- 403,153.13
399,506.25

Proposed Budget
Series 2020 Area 2 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025		

Revenues						
Assessments	$	369,050	$	371,109	$	-	$	371,109	$	369,050	
Interest Income	-	14,529	3,680	18,209	-	
Carry Forward Surplus	141,618	140,548	-	140,548	159,690	
Total Revenues	$	510,668	$	526,186	$	3,680	$	529,866	$	528,740	

Expenditures						
Interest - 11/1	$	117,588	$	117,588	$	-	$	117,588	$	115,816	
Principal - 5/1	135,000	135,000	-	135,000	135,000	
Interest - 5/1	117,588	117,588	-	117,588	115,816	
Total Expenditures	$	370,175	$	370,176	$	-	$	370,176	$	366,631	
						
Net Change in Fund Balance	$	140,493	$	156,010	$	3,680	$	159,690	$	162,109	

Interest Expense 11/1/25  $
Total $
114,044
114,044

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	$	369,050			
Community Development District Series 2020 Special Assessment Bonds Amortization Schedule

05/01/24	$
6,245,000.00	$
135,000.00	$
117,587.50	$	-

11/01/25	$
05/01/26	$
11/01/26	$
05/01/27	$
11/01/27	$
05/01/28	$
11/01/28	$
05/01/29	$
11/01/29	$
05/01/30	$
11/01/30	$
05/01/31	$
11/01/31	$
05/01/32	$
11/01/32	$
05/01/33	$
11/01/33	$
05/01/34	$
11/01/34	$
05/01/35	$
11/01/35	$
05/01/36	$
11/01/36	$
05/01/37	$
11/01/37	$
05/01/38	$
11/01/38	$
05/01/39	$
11/01/39	$
05/01/40	$
11/01/40	$
05/01/41	$
11/01/41	$
05/01/42	$
11/01/42	$
05/01/43	$
11/01/43	$
05/01/44	$
11/01/44	$
05/01/45	$
11/01/45	$
05/01/46	$
11/01/46	$
05/01/47	$
11/01/47	$
05/01/48	$
11/01/48	$
05/01/49	$
11/01/49	$
05/01/50	$
11/01/50	$
05/01/51	$
5,975,000.00	$
5,975,000.00	$
5,835,000.00	$
5,835,000.00	$
5,690,000.00	$
5,690,000.00	$
5,540,000.00	$
5,540,000.00	$
5,385,000.00	$
5,385,000.00	$
5,225,000.00	$
5,225,000.00	$
5,060,000.00	$
5,060,000.00	$
4,890,000.00	$
4,890,000.00	$
4,710,000.00	$
4,710,000.00	$
4,525,000.00	$
4,525,000.00	$
4,335,000.00	$
4,335,000.00	$
4,135,000.00	$
4,135,000.00	$
3,930,000.00	$
3,930,000.00	$
3,715,000.00	$
3,715,000.00	$
3,490,000.00	$
3,490,000.00	$
3,260,000.00	$
3,260,000.00	$
3,020,000.00	$
3,020,000.00	$
2,770,000.00	$
2,770,000.00	$
2,510,000.00	$
2,510,000.00	$
2,240,000.00	$
2,240,000.00	$
1,955,000.00	$
1,955,000.00	$
1,660,000.00	$
1,660,000.00	$
1,355,000.00	$
1,355,000.00	$
1,035,000.00	$
1,035,000.00	$
705,000.00	$
705,000.00	$
360,000.00	$
360,000.00	$
$
140,000.00	$
$
145,000.00	$
$
150,000.00	$
$
155,000.00	$
$
160,000.00	$
$
165,000.00	$
$
170,000.00	$
$
180,000.00	$
$
185,000.00	$
$
190,000.00	$
$
200,000.00	$
$
205,000.00	$
$
215,000.00	$
$
225,000.00	$
$
230,000.00	$
$
240,000.00	$
$
250,000.00	$
$
260,000.00	$
$
270,000.00	$
$
285,000.00	$
$
295,000.00	$
$
305,000.00	$
$
320,000.00	$
$
330,000.00	$
$
345,000.00	$
$
360,000.00	$
114,043.75	$
114,043.75	$
111,803.75	$
111,803.75	$
109,483.75	$
109,483.75	$
107,083.75	$
107,083.75	$
104,603.75	$
104,603.75	$
102,043.75	$
102,043.75	$
98,950.00  $
98,950.00  $
95,762.50  $
95,762.50  $
92,387.50  $
92,387.50  $
88,918.75  $
88,918.75  $
85,356.25  $
85,356.25  $
81,606.25  $
81,606.25  $
77,762.50  $
77,762.50  $
73,731.25  $
73,731.25  $
69,512.50  $
69,512.50  $
65,200.00  $
65,200.00  $
60,400.00  $
60,400.00  $
55,400.00  $
55,400.00  $
50,200.00  $
50,200.00  $
44,800.00  $
44,800.00  $
39,100.00  $
39,100.00  $
33,200.00  $
33,200.00  $
27,100.00  $
27,100.00  $
20,700.00  $
20,700.00  $
14,100.00  $
14,100.00  $
7,200.00  $
7,200.00  $
364,859.38
- 365,847.50
- 366,287.50
- 366,567.50
- 366,687.50
- 366,647.50
- 365,993.75
- 364,712.50
- 368,150.00
- 366,306.25
- 364,275.00
- 366,962.50
- 364,368.75
- 366,493.75
- 368,243.75
- 364,712.50
- 365,600.00
- 365,800.00
- 365,600.00
- 365,000.00
- 368,900.00
- 367,300.00
- 365,300.00
- 367,800.00
- 364,800.00
- 366,300.00
367,200.00

Community Development District
Proposed Budget
Series 2022 Area 3 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025		

Revenues						
Assessments	$	165,060	$	163,272	$	-	$	163,272	$	165,060	
Assessments - Prepayments	-	234,235	-	234,235	-	
Interest Income	-	6,758	1,500	8,258	-	
Carry Forward Surplus	140,143	307,653	-	307,653	66,015	
Total Revenues	$	305,203	$	711,918	$	1,500	$	713,418	$	231,074	

Expenditures						
Interest - 11/1	$	53,878	$	54,644	$	-	$	54,644	$	44,066	
Principal - 11/1	60,000	60,000	-	60,000	50,000	
Special Call - 11/1	-	190,000	-	190,000	-	
Special Call - 2/1	-	80,000	-	80,000	-	
Interest - 5/1	52,941	47,759	-	47,759	43,284	
Special Call - 5/1	-	135,000	-	135,000	-	
Special Call - 8/1	-	-	80,000	80,000	-	
Total Expenditures	$	166,819	$	567,403	$	80,000	$	647,403	$	137,350	

Other Financing Sources						

Bond Proceeds	
$	-	$	-	$	-	$	-	$	-					
Total Other Financing Sources	$	-	$	-	$	-	$	-	$	-					

Net Change in Fund Balance	$  138,384.2	$  144,514.7	$	(78,500.0)	$	66,014.7	$	93,724.2	

Interest Expense 11/1/25	
$	43,284					
Principal Expense 11/1/25	$	50,000					
Total	$	93,284					
Community Development District Series 2022 A3 Special Assessment Bonds Amortization Schedule

,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

Community Development District
Proposed Budget
Series 2022 Area 4 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025		

Revenues						
Assessments	$	249,825	$	251,220	$	-	$	251,220	$	249,825	
Interest Income	-	9,838	1,500	11,338	-	
Carry Forward Surplus	104,844	98,961	-	98,961	114,869	
Total Revenues	$	354,669	$	360,019	$	1,500	$	361,519	$	364,694	

Expenditures						
Interest - 11/1	$	83,325	$	83,325	$	-	$	83,325	$	82,025	
Principal - 5/1	80,000	80,000	-	80,000	85,000	
Interest - 5/1	83,325	83,325	-	83,325	82,025	
Total Expenditures	$	246,650	$	246,650	$	-	$	246,650	$	249,050	
						
Net Change in Fund Balance	$	108,019	$	113,369	$	1,500	$	114,869	$	115,644	

Interest Expense 11/1/25  $
Total $
80,644
80,644

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	200	$	249,825	$	1,249	$	1,343	
	200	$	249,825			
Community Development District Series 2022 A4 Special Assessment Bonds Amortization Schedule

11/01/23	$
05/01/24	$
4,215,000.00	$
4,215,000.00	$
-	$
80,000.00	$
83,325.00  $
83,325.00  $
83,325.00
-

11/01/25	$
05/01/26	$
11/01/26	$
05/01/27	$
11/01/27	$
05/01/28	$
11/01/28	$
05/01/29	$
11/01/29	$
05/01/30	$
11/01/30	$
05/01/31	$
11/01/31	$
05/01/32	$
11/01/32	$
05/01/33	$
11/01/33	$
05/01/34	$
11/01/34	$
05/01/35	$
11/01/35	$
05/01/36	$
11/01/36	$
05/01/37	$
11/01/37	$
05/01/38	$
11/01/38	$
05/01/39	$
11/01/39	$
05/01/40	$
11/01/40	$
05/01/41	$
11/01/41	$
05/01/42	$
11/01/42	$
05/01/43	$
11/01/43	$
05/01/44	$
11/01/44	$
05/01/45	$
11/01/45	$
05/01/46	$
11/01/46	$
05/01/47	$
11/01/47	$
05/01/48	$
11/01/48	$
05/01/49	$
11/01/49	$
05/01/50	$
11/01/50	$
05/01/51	$
11/01/51	$
05/01/52	$
4,050,000.00	$
3,870,000.00	$
3,870,000.00	$
3,870,000.00	$
3,870,000.00	$
3,870,000.00	$
3,775,000.00	$
3,775,000.00	$
3,680,000.00	$
3,680,000.00	$
3,365,000.00	$
3,365,000.00	$
3,365,000.00	$
3,365,000.00	$
3,365,000.00	$
3,365,000.00	$
3,255,000.00	$
3,255,000.00	$
3,140,000.00	$
3,140,000.00	$
3,020,000.00	$
3,020,000.00	$
2,895,000.00	$
2,895,000.00	$
2,765,000.00	$
2,765,000.00	$
2,630,000.00	$
2,630,000.00	$
2,490,000.00	$
2,490,000.00	$
2,025,000.00	$
2,025,000.00	$
2,025,000.00	$
2,025,000.00	$
2,025,000.00	$
2,025,000.00	$
1,860,000.00	$
1,860,000.00	$
1,685,000.00	$
1,685,000.00	$
1,505,000.00	$
1,505,000.00	$
1,315,000.00	$
1,315,000.00	$
1,120,000.00	$
1,120,000.00	$
915,000.00	$
915,000.00	$
700,000.00	$
700,000.00	$
475,000.00	$
475,000.00	$
240,000.00	$
240,000.00	$
$
90,000.00	$
$
90,000.00	$
$
95,000.00	$
$
95,000.00	$
$
100,000.00	$
$
105,000.00	$
$
110,000.00	$
$
110,000.00	$
$
115,000.00	$
$
120,000.00	$
$
125,000.00	$
$
130,000.00	$
$
135,000.00	$
$
140,000.00	$
$
150,000.00	$
$
155,000.00	$
$
160,000.00	$
$
165,000.00	$
$
175,000.00	$
$
180,000.00	$
$
190,000.00	$
$
195,000.00	$
$
205,000.00	$
$
215,000.00	$
$
225,000.00	$
$
235,000.00	$
$
240,000.00	$
80,643.75  $
80,643.75  $
79,181.25  $
79,181.25  $
77,718.75  $
77,718.75  $
75,996.88  $
75,996.88  $
74,275.00  $
74,275.00  $
72,462.50  $
72,462.50  $
70,559.38  $
70,559.38  $
68,565.63  $
68,565.63  $
66,365.63  $
66,365.63  $
64,065.63  $
64,065.63  $
61,665.63  $
61,665.63  $
59,165.63  $
59,165.63  $
56,565.63  $
56,565.63  $
53,865.63  $
53,865.63  $
51,065.63  $
51,065.63  $
48,065.63  $
48,065.63  $
44,965.63  $
44,965.63  $
41,765.63  $
41,765.63  $
38,362.50  $
38,362.50  $
34,753.13  $
34,753.13  $
31,040.63  $
31,040.63  $
27,121.88  $
27,121.88  $
23,100.00  $
23,100.00  $
18,871.88  $
18,871.88  $
14,437.50  $
14,437.50  $
9,796.88  $
9,796.88  $
4,950.00  $
4,950.00  $
247,668.75
- 249,825.00
- 246,900.00
- 248,715.63
- 245,271.88
- 246,737.50
- 248,021.88
- 249,125.00
- 244,931.25
- 245,431.25
- 245,731.25
- 245,831.25
- 245,731.25
- 245,431.25
- 244,931.25
- 249,131.25
- 248,031.25
- 246,731.25
- 245,128.13
- 248,115.63
- 245,793.75
- 248,162.50
- 245,221.88
- 246,971.88
- 248,309.38
- 249,234.38
- 249,746.88
244,950.00

Community Development District
Adopted Budget
Series 2023 Area 5 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025		

Revenues						
Assessments -Direct	$	553,728	$	402,484	$	151,244	$	553,728	$	553,728	
Prepayments	-	73,911	-	73,911	-	
Interest Income	-	24,383	10,000	34,383	-	
Carry Forward Surplus	170,598	175,661	-	175,661	336,869	
Total Revenues	$	724,326	$	676,439	$	161,244	$	837,683	$	890,597	

Expenditures						
Interest - 11/1	$	168,198	$	168,198	$	-	$	168,198	$	219,934	
Principal - 5/1	110,000	110,000	-	110,000	115,000	
Interest - 5/1	222,616	222,616	-	222,616	219,934	
Total Expenditures	$	500,814	$	500,814	$	-	$	500,814	$	554,869	

Other Financing Sources/(Uses)						

Bond Proceeds	
$	-	$	-	$	-	$	-	$	-					
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	$	-					

Interest Expense 11/1/25  $
Total $
217,131
217,131

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	443	$	553,728	$	1,250	$	1,344	
	443	$	553,728			
VillaMar
Community Development District Series 2023 A5 Special Assessment Bonds Amortization Schedule

11/01/23	$
05/01/24	$
7,940,000.00	$
7,940,000.00	$
$
110,000.00  $
168,198.47  $
222,615.63
168,198.47

11/01/25	$
05/01/26	$
11/01/26	$
05/01/27	$
11/01/27	$
05/01/28	$
11/01/28	$
05/01/29	$
11/01/29	$
05/01/30	$
11/01/30	$
05/01/31	$
11/01/31	$
05/01/32	$
11/01/32	$
05/01/33	$
11/01/33	$
05/01/34	$
11/01/34	$
05/01/35	$
11/01/35	$
05/01/36	$
11/01/36	$
05/01/37	$
11/01/37	$
05/01/38	$
11/01/38	$
05/01/39	$
11/01/39	$
05/01/40	$
11/01/40	$
05/01/41	$
11/01/41	$
05/01/42	$
11/01/42	$
05/01/43	$
11/01/43	$
05/01/44	$
11/01/44	$
05/01/45	$
11/01/45	$
05/01/46	$
11/01/46	$
05/01/47	$
11/01/47	$
05/01/48	$
11/01/48	$
05/01/49	$
11/01/49	$
05/01/50	$
11/01/50	$
05/01/51	$
11/01/51	$
05/01/52	$
11/01/52	$
05/01/53	$
7,715,000.00	$
7,715,000.00	$
7,595,000.00	$
7,595,000.00	$
7,470,000.00	$
7,470,000.00	$
7,340,000.00	$
7,340,000.00	$
7,200,000.00	$
7,200,000.00	$
7,055,000.00	$
7,055,000.00	$
6,900,000.00	$
6,900,000.00	$
6,735,000.00	$
6,735,000.00	$
6,565,000.00	$
6,565,000.00	$
6,385,000.00	$
6,385,000.00	$
6,195,000.00	$
6,195,000.00	$
5,990,000.00	$
5,990,000.00	$
5,775,000.00	$
5,775,000.00	$
5,545,000.00	$
5,545,000.00	$
5,305,000.00	$
5,305,000.00	$
5,050,000.00	$
5,050,000.00	$
4,495,000.00	$
4,195,000.00	$
4,195,000.00	$
4,195,000.00	$
4,195,000.00	$
4,195,000.00	$
3,875,000.00	$
3,875,000.00	$
3,535,000.00	$
3,535,000.00	$
3,175,000.00	$
3,175,000.00	$
2,795,000.00	$
2,795,000.00	$
2,395,000.00	$
2,395,000.00	$
1,970,000.00	$
1,970,000.00	$
1,520,000.00	$
1,520,000.00	$
1,040,000.00	$
1,040,000.00	$
535,000.00  $
535,000.00  $
$
120,000.00  $
$
125,000.00  $
$
130,000.00  $
$
140,000.00  $
$
145,000.00  $
$
155,000.00  $
$
165,000.00  $
$
170,000.00  $
$
180,000.00  $
$
190,000.00  $
$
205,000.00  $
$
215,000.00  $
$
230,000.00  $
$
240,000.00  $
$
255,000.00  $
$
270,000.00  $
$
285,000.00  $
$
300,000.00  $
$
320,000.00  $
$
340,000.00  $
$
360,000.00  $
$
380,000.00  $
$
400,000.00  $
$
425,000.00  $
$
450,000.00  $
$
480,000.00  $
$
505,000.00  $
$
535,000.00  $
217,131.25  $
217,131.25
214,206.25  $
214,206.25
211,159.38  $
211,159.38
207,990.63  $
207,990.63
204,578.13  $
204,578.13
201,043.75  $
201,043.75
196,684.38  $
196,684.38
192,043.75  $
192,043.75
187,262.50  $
187,262.50
182,200.00  $
182,200.00
176,856.25  $
176,856.25
171,090.63  $
171,090.63
165,043.75  $
165,043.75
158,575.00  $
158,575.00
151,825.00  $
151,825.00
144,653.13  $
144,653.13
137,059.38  $
137,059.38
129,043.75  $
129,043.75
120,606.25  $
120,606.25
111,406.25  $
111,406.25
101,631.25  $
101,631.25
91,281.25  $
91,281.25
80,356.25  $
80,356.25
68,856.25  $
68,856.25
56,637.50  $
56,637.50
43,700.00  $
43,700.00
29,900.00  $
29,900.00
15,381.25  $
15,381.25  $
552,065.63

551,337.50

550,365.63

549,150.00

552,568.75

550,621.88

552,728.13

553,728.13

549,306.25

549,462.50

549,056.25

552,946.88

551,134.38

553,618.75

550,400.00

551,478.13

551,712.50

551,103.13

549,650.00

552,012.50

553,037.50

552,912.50

551,637.50

549,212.50

550,493.75

550,337.50

553,600.00

550,281.25
550,381.25

VillaMar
Community Development District
Adopted Budget
Series 2024 Area 6 Debt Service Fund

Proposed Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025		

Revenues						
Assessments	$	343,608	$	-	$	343,608	$	343,608	$	603,000	
Interest Income	15,000	13,965	500	14,465	-	
Carry Forward Surplus	-	-	-	-	343,608	
Total Revenues	$	358,608	$	13,965	$	344,108	$	358,073	$	946,608	

Expenditures						
Interest - 11/1	$	-	$	-	$	-	$	-	$	343,608					
Principal - 5/1	-	-	-	-	120,000		
Interest - 5/1	102,949	102,949	-	102,949	240,659		
Total Expenditures	$	102,949	$	102,949	$	-	$	102,949	$	704,267		

Other Financing Sources/(Uses)						
Bond Proceeds	$	946,608	$	946,608	$	-	$	946,608	$	-		
Total Other Financing Sources/(Uses)	$	946,608	$	946,608	$	-	$	946,608	$	-		

Interest Expense 11/1/25  $
Total $
237,884
237,884

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family - Meritage	150	$	202,349	$	1,349	$	1,451	
Single Family	243	$	400,651	$	1,649	$	1,773	
	393	$	603,000			
Villamar Community Development District Series 2024 Special Assessment Bonds
Amortization Schedule

- 120,000.00
- 130,000.00
- 135,000.00
- 140,000.00
- 145,000.00
- 155,000.00
- 160,000.00
- 170,000.00
- 180,000.00
- 190,000.00
- 200,000.00
- 210,000.00
- 225,000.00
- 235,000.00
- 250,000.00
- 265,000.00
- 280,000.00
- 295,000.00
- 310,000.00
- 330,000.00
- 350,000.00
- 370,000.00
-
390,000.00
- 415,000.00
- 440,000.00
- 465,000.00
- 490,000.00
- 520,000.00
- 550,000.00
- 585,000.00
343,608.11
- 598,543.75
- 602,762.50
- 601,634.38
- 600,275.00
- 598,684.38
- 601,746.88
- 599,462.50
- 601,087.50
- 601,462.50
- 601,287.50
- 600,562.50
- 599,287.50
- 602,325.00
- 599,675.00
- 601,337.50
- 602,175.00
- 602,187.50
- 601,375.00
- 599,737.50
- 602,137.50
- 603,000.00
- 602,300.00
- 600,450.00
- 602,306.25
- 602,725.00
- 601,706.25
- 599,250.00
- 600,212.50
- 599,450.00
601,818.75

Section 2
RESOLUTION 2024-12
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2024/2025; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the VillaMar Community Development District (“District”) is a local unit of special- purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, certain infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the District is located in Polk County, Florida (“County”); and
WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2024 and ending September 30, 2025 (“Fiscal Year 2024/2025”), attached hereto as Exhibit “A;” and
WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and
WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and
WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and
WHEREAS, the District has previously levied assessments for debt service, which the District desires to collect for Fiscal Year 2024/2025; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and
WHEREAS, it is in the best interests of the District to adopt the assessment roll (“Assessment Roll”) attached hereto as Exhibit “B,” and to certify the portion of the Assessment Roll related to certain developed property (“Tax Roll Property”) to the County Tax Collector pursuant to the Uniform Method
and to directly collect the portion of the Assessment Roll relating to the remaining property (“Direct Collect Property”), all as set forth in Exhibit “B;” and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll adopted herein, including that portion certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. BENEFIT & ALLOCATION FINDINGS. The provision of the services, facilities, and operations as described in Exhibit “A” confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands is shown in Exhibits “A” and “B,” and is hereby found to be fair and reasonable.

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 170, 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District and in accordance with Exhibits “A” and “B.” The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution.

SECTION 3.	Collection and Enforcement; Penalties; Interest.

Tax Roll Assessments. The operations and maintenance assessments and previously levied debt service special assessments levied on the Tax Roll Property shall be collected at the same time and in the same manner as County taxes in accordance with the Uniform Method, as set forth in Exhibits “A” and “B.”

Direct Bill Assessments. The operations and maintenance special assessments and previously levied debt service special assessments levied on the Direct Collect Property will be collected directly by the District in accordance with Florida law, as set forth in Exhibits “A” and “B.” Assessments directly collected by the District are due in full on December 1, 2024; provided, however, that, to the extent permitted by law, the assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than October 1, 2024, 25% due no later than February 1, 2025 and 25% due no later than May 1, 2025. In the event that an assessment payment is not made in accordance with the schedule stated above, the whole assessment – including any remaining partial, deferred payments for Fiscal Year 2024/2025, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the rate of any bonds secured by the assessments, or at the statutory prejudgment interest rate, as applicable. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole assessment, as set forth herein.
Future Collection Methods. The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.
SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit “B,” is hereby certified for collection. That portion of the Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

SECTION 5. Assessment Roll Amendment. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution, and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.
SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

PASSED AND ADOPTED this 6th day of August 2024.
ATTEST:	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary
By:	 Its:	
Exhibit A:	Budget
Exhibit B:	Assessment Roll (Uniform Method)
Assessment Roll (Direct Collect)

VillaMar
Community Development District

Proposed Budget
FY2025

Table of Contents

1-2

3-7

8

9

10

11

12

13

14

15

16

17

18

19

20
	General Fund

	General Fund Narrative

	Capital Reserve Fund

	Series 2019 Debt Service Fund

	Series 2019 Amortization Schedule

	Series 2020 Debt Service Fund

	Series 2020 Amortization Schedule

	Series 2022 A3 Debt Service Fund

	Series 2022 A3 Amortization Schedule

	Series 2022 A4 Debt Service Fund

	Series 2022 A4 Amortization Schedule

	Series 2023 A5 Debt Service Fund

	Series 2023 A5 Amortization Schedule

	Series 2024 A6 Debt Service Fund

	Series 2024 A6 Amortization Schedule

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget		
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025		

Revenues						
Assessments - Tax Roll	$	672,192	$	675,938	$	-	$	675,938	$	984,004	
Assessments - Direct Bill (Unplatted 7&8)	143,837	107,878	35,959	143,837	71,847	
Miscellaneous Revenue	-	180	-	180	-	
Total Revenues	$	816,029	$	783,996	$	35,959	$	819,955	$ 1,055,851	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	3,000	
$	1,600	
$	4,600	
$	12,000	
Engineering	7,500	-	3,000	3,000	7,500	
Attorney	30,000	12,638	6,319	18,957	30,000	
Annual Audit	5,000	5,500	-	5,500	5,600	
Assessment Administration	7,500	7,500	-	7,500	10,000	
Arbitrage	2,250	1,800	450	2,250	2,700	
Dissemination	9,000	7,083	2,500	9,583	10,000	
Trustee Fees	19,880	11,044	19,634	30,678	29,800	
Management Fees	42,500	31,875	3,717	35,592	44,625	
Information Technology	1,800	1,350	450	1,800	1,890	
Website Maintenance	1,200	900	300	1,200	1,260	
Postage & Delivery	1,500	2,801	600	3,401	3,500	
Insurance	6,886	5,988	-	5,988	6,886	
Copies	1,000	9	250	259	500	
Legal Advertising	10,000	2,708	4,400	7,108	10,000	
Other Current Charges	1,500	2,250	750	3,000	1,500	
Office Supplies	500	24	34	58	500	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Subtotal Administrative	$	160,191	$	96,645	$	44,004	$	140,649	$	178,436	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget		
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025		

Operations & Maintenance						
Field Expenditures
Property Insurance	
$	15,000	
$	10,856	
$	-	
$	10,856	
$	18,854	
Field Management	16,538	12,404	4,135	16,539	22,500	
Landscape Maintenance	130,000	79,695	21,225	100,920	226,000	
Landscape Replacement	22,500	2,543	2,000	4,543	22,500	
Pond Maintenance	17,000	8,786	2,568	11,354	32,000	
Electric - Streetlights	166,320	103,315	51,658	154,973	166,320	
Electric	3,000	279	140	419	3,000	
Water	30,000	13,286	6,643	19,929	30,000	
Sidewalk & Asphalt Maintenance	2,500	-	1,000	1,000	2,500	
Irrigation Repairs	10,000	694	1,500	2,194	10,000	
General Repairs & Maintenance	20,000	31,242	15,621	46,863	25,000	
Contingency	7,500	24,735	10,000	34,735	40,000	
Subtotal Field Expenditures	$	440,358	$	287,835	$	116,489	$	404,324	$	598,674	

Amenity Expenditures
Amenity - Electric	

$	18,000	

$	10,433	

5,217	

$	15,650	

$	18,000	
Amenity - Water	20,000	9,493	4,747	14,240	20,000	
Playground & Furniture Lease	35,000	22,274	7,419	29,693	35,000	
Internet	3,000	1,642	547	2,189	3,000	
Pest Control	630	450	150	600	660	
Janitorial Services	10,700	7,750	2,583	10,333	11,780	
Security Services	33,800	23,419	7,806	31,225	36,036	
Pool Maintenance	30,000	32,130	10,710	42,840	34,440	
Amenity Access Management	7,500	5,625	1,875	7,500	7,500	
Amenity Repairs & Maintenance	10,000	8,194	2,731	10,925	10,000	
Holiday Decorations	-	-	-	-	10,000	
Contingency	7,500	-	1,000	1,000	10,000	
Subtotal Amenity Expenditures	$	176,130	$	121,410	$	44,785	$	166,195	$	196,416	
						
Total Operations & Maintenance	$	616,488	$	409,245	$	161,274	$	570,519	$	795,090	
Other Financing Uses
Capital Reserves	

$	39,350	

$	-	

$	39,350	

$	39,350	

$	82,325	
Total Other Financing Uses	$	39,350	$	-	$	39,350	$	39,350	$	82,325	

Total Expenditures	$	816,029	$	505,890	$	244,628	$	750,518	$ 1,055,851				
									
Net Change in Fund Balance	$	(0)	$	278,106	$	(208,669)	$	69,437	$	-				

Gross Assessments	
$1,135,324								
Less: Discounts & Collections 7%		$79,473 								
Net Assessments	 $	1,055,851 								

Product	
ERU's	Assessable Units	
ERU/Unit	
Net Assessment	
Net Per Unit	FY25
Gross Per Unit	FY24
Gross Per Unit	FY25
Change +/-	
Single Family	1398	1398	1	$984,004.31	$703.87	$756.84	$756.84	$0.00	
Phase 7 - Unplatted	66	393	0.17	$46,747.86	$118.95	$127.90	$148.57	-$20.67	
Phase 8 - Unplatted	36	211	0.17	$25,098.72	$118.95	$127.90	$148.57	-$20.67	
Total ERU's	1500	2002		$1,055,850.90					

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. The District has an agreement for $5000 for the first bond issuance, and an additional $1000 for each issuance after.

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 of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, 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.

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.

Copies

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.

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.

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 Expenditures

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.

Electric

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

Water

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 Expenditures

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 & Furniture 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.

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 Management

Amenity Management provides access card issuance through registration, proof of residency, and photo identification. The team also provides keycard troubleshooting for issues and concerns related to access control. Staff reviews security concerns and amenity policy violations via remote camera monitoring on an as-needed basis. Districts are provided electronic communication for District news and direct remote customer service through phone and email directly to the Amenity Access Team.

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 Financing Uses:

Capital Reserves

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.
Community Development District Proposed Budget
Capital Reserve

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues					
Carry Forward Surplus	$	-	$	-	$	-	$	-	$	39,350	
Transfer In	9,350	-	39,350	39,350	82,325	
Total Revenues	$	9,350	$	-	$	39,350	$	39,350	$	121,675	

Expenditures					
Chair Lift Replacement	$	-	$	-	$	-	$	-	$	10,500	
Furniture Replacement	-	-	-	-	12,500	
Contingency	600	-	-	-	600	
Total Expenditures	$	600	$	-	$	-	$	-	$	23,600	
					
Net Change in Fund Balance	$	8,750	$	-	$	39,350	$	39,350	$	98,075	
Community Development District
Proposed Budget
Series 2019 Area 1 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025		

Revenues						
Assessments	$	403,763	$	406,014	$	-	$	406,014	$	403,763	
Interest Income	-	16,107	2,000	18,107	-	
Carry Forward Surplus	164,293	164,494	-	164,494	183,440	
Total Revenues	$	568,056	$	586,615	$	2,000	$	588,615	$	587,203	

Expenditures						
Interest - 11/1	$	142,588	$	142,588	$	-	$	142,588	$	140,338	
Principal - 5/1	120,000	120,000	-	120,000	125,000	
Interest - 5/1	142,588	142,588	-	142,588	140,338	
Total Expenditures	$	405,175	$	405,175	$	-	$	405,175	$	405,675	
						
Net Change in Fund Balance	$	162,881	$	181,440	$	2,000	$	183,440	$	181,528	

Interest Expense 11/1/25  $
Total  $
137,838
137,838

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	333	$	403,763	$	1,213	$	1,304	
	333	$	403,763			
Series 2019 Special Assessment Bonds Amortization Schedule

05/01/24	$
6,095,000.00	$
120,000.00	$
142,587.50	$	-

11/01/25	$
05/01/26	$
11/01/26	$
05/01/27	$
11/01/27	$
05/01/28	$
11/01/28	$
05/01/29	$
11/01/29	$
05/01/30	$
11/01/30	$
05/01/31	$
11/01/31	$
05/01/32	$
11/01/32	$
05/01/33	$
11/01/33	$
05/01/34	$
11/01/34	$
05/01/35	$
11/01/35	$
05/01/36	$
11/01/36	$
05/01/37	$
11/01/37	$
05/01/38	$
11/01/38	$
05/01/39	$
11/01/39	$
05/01/40	$
11/01/40	$
05/01/41	$
11/01/41	$
05/01/42	$
11/01/42	$
05/01/43	$
11/01/43	$
05/01/44	$
11/01/44	$
05/01/45	$
11/01/45	$
05/01/46	$
11/01/46	$
05/01/47	$
11/01/47	$
05/01/48	$
11/01/48	$
05/01/49	$
11/01/49	$
05/01/50	$
5,850,000.00	$
5,850,000.00	$
5,720,000.00	$
5,720,000.00	$
5,585,000.00	$
5,585,000.00	$
5,445,000.00	$
5,445,000.00	$
5,300,000.00	$
5,300,000.00	$
5,150,000.00	$
5,150,000.00	$
4,990,000.00	$
4,990,000.00	$
4,825,000.00	$
4,825,000.00	$
4,650,000.00	$
4,650,000.00	$
4,470,000.00	$
4,470,000.00	$
4,280,000.00	$
4,280,000.00	$
4,080,000.00	$
4,080,000.00	$
3,870,000.00	$
3,870,000.00	$
3,650,000.00	$
3,650,000.00	$
3,420,000.00	$
3,420,000.00	$
3,180,000.00	$
3,180,000.00	$
2,925,000.00	$
2,925,000.00	$
2,660,000.00	$
2,660,000.00	$
2,380,000.00	$
2,380,000.00	$
2,085,000.00	$
2,085,000.00	$
1,780,000.00	$
1,780,000.00	$
1,460,000.00	$
1,460,000.00	$
1,120,000.00	$
1,120,000.00	$
765,000.00	$
765,000.00	$
390,000.00	$
390,000.00	$
$
130,000.00	$
$
135,000.00	$
$
140,000.00	$
$
145,000.00	$
$
150,000.00	$
$
160,000.00	$
$
165,000.00	$
$
175,000.00	$
$
180,000.00	$
$
190,000.00	$
$
200,000.00	$
$
210,000.00	$
$
220,000.00	$
$
230,000.00	$
$
240,000.00	$
$
255,000.00	$
$
265,000.00	$
$
280,000.00	$
$
295,000.00	$
$
305,000.00	$
$
320,000.00	$
$
340,000.00	$
$
355,000.00	$
$
375,000.00	$
$
390,000.00	$
137,837.50	$
137,837.50	$
135,237.50	$
135,237.50	$
132,537.50	$
132,537.50	$
129,737.50	$
129,737.50	$
126,837.50	$
126,837.50	$
123,368.75	$
123,368.75	$
119,668.75	$
119,668.75	$
115,853.13	$
115,853.13	$
111,806.25	$
111,806.25	$
107,643.75	$
107,643.75	$
103,250.00	$
103,250.00	$
98,625.00	$
98,625.00	$
93,768.75	$
93,768.75	$
88,681.25	$
88,681.25	$
83,362.50	$
83,362.50	$
77,512.50	$
77,512.50	$
71,296.88	$
71,296.88	$
64,837.50	$
64,837.50	$
58,012.50	$
58,012.50	$
50,821.88	$
50,821.88	$
43,387.50	$
43,387.50	$
35,587.50	$
35,587.50	$
27,300.00	$
27,300.00	$
18,646.88	$
18,646.88	$
9,506.25	$
9,506.25	$
403,175.00
- 403,075.00
- 402,775.00
- 402,275.00
- 401,575.00
- 400,206.25
- 403,037.50
- 400,521.88
- 402,659.38
- 399,450.00
- 400,893.75
- 401,875.00
- 402,393.75
- 402,450.00
- 402,043.75
- 400,875.00
- 403,809.38
- 401,134.38
- 402,850.00
- 403,834.38
- 399,209.38
- 398,975.00
- 402,887.50
- 400,946.88
- 403,153.13
399,506.25

Proposed Budget
Series 2020 Area 2 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025		

Revenues						
Assessments	$	369,050	$	371,109	$	-	$	371,109	$	369,050	
Interest Income	-	14,529	3,680	18,209	-	
Carry Forward Surplus	141,618	140,548	-	140,548	159,690	
Total Revenues	$	510,668	$	526,186	$	3,680	$	529,866	$	528,740	

Expenditures						
Interest - 11/1	$	117,588	$	117,588	$	-	$	117,588	$	115,816	
Principal - 5/1	135,000	135,000	-	135,000	135,000	
Interest - 5/1	117,588	117,588	-	117,588	115,816	
Total Expenditures	$	370,175	$	370,176	$	-	$	370,176	$	366,631	
						
Net Change in Fund Balance	$	140,493	$	156,010	$	3,680	$	159,690	$	162,109	

Interest Expense 11/1/25  $
Total $
114,044
114,044

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	$	369,050			
Community Development District Series 2020 Special Assessment Bonds Amortization Schedule

05/01/24	$
6,245,000.00	$
135,000.00	$
117,587.50	$	-

11/01/25	$
05/01/26	$
11/01/26	$
05/01/27	$
11/01/27	$
05/01/28	$
11/01/28	$
05/01/29	$
11/01/29	$
05/01/30	$
11/01/30	$
05/01/31	$
11/01/31	$
05/01/32	$
11/01/32	$
05/01/33	$
11/01/33	$
05/01/34	$
11/01/34	$
05/01/35	$
11/01/35	$
05/01/36	$
11/01/36	$
05/01/37	$
11/01/37	$
05/01/38	$
11/01/38	$
05/01/39	$
11/01/39	$
05/01/40	$
11/01/40	$
05/01/41	$
11/01/41	$
05/01/42	$
11/01/42	$
05/01/43	$
11/01/43	$
05/01/44	$
11/01/44	$
05/01/45	$
11/01/45	$
05/01/46	$
11/01/46	$
05/01/47	$
11/01/47	$
05/01/48	$
11/01/48	$
05/01/49	$
11/01/49	$
05/01/50	$
11/01/50	$
05/01/51	$
5,975,000.00	$
5,975,000.00	$
5,835,000.00	$
5,835,000.00	$
5,690,000.00	$
5,690,000.00	$
5,540,000.00	$
5,540,000.00	$
5,385,000.00	$
5,385,000.00	$
5,225,000.00	$
5,225,000.00	$
5,060,000.00	$
5,060,000.00	$
4,890,000.00	$
4,890,000.00	$
4,710,000.00	$
4,710,000.00	$
4,525,000.00	$
4,525,000.00	$
4,335,000.00	$
4,335,000.00	$
4,135,000.00	$
4,135,000.00	$
3,930,000.00	$
3,930,000.00	$
3,715,000.00	$
3,715,000.00	$
3,490,000.00	$
3,490,000.00	$
3,260,000.00	$
3,260,000.00	$
3,020,000.00	$
3,020,000.00	$
2,770,000.00	$
2,770,000.00	$
2,510,000.00	$
2,510,000.00	$
2,240,000.00	$
2,240,000.00	$
1,955,000.00	$
1,955,000.00	$
1,660,000.00	$
1,660,000.00	$
1,355,000.00	$
1,355,000.00	$
1,035,000.00	$
1,035,000.00	$
705,000.00	$
705,000.00	$
360,000.00	$
360,000.00	$
$
140,000.00	$
$
145,000.00	$
$
150,000.00	$
$
155,000.00	$
$
160,000.00	$
$
165,000.00	$
$
170,000.00	$
$
180,000.00	$
$
185,000.00	$
$
190,000.00	$
$
200,000.00	$
$
205,000.00	$
$
215,000.00	$
$
225,000.00	$
$
230,000.00	$
$
240,000.00	$
$
250,000.00	$
$
260,000.00	$
$
270,000.00	$
$
285,000.00	$
$
295,000.00	$
$
305,000.00	$
$
320,000.00	$
$
330,000.00	$
$
345,000.00	$
$
360,000.00	$
114,043.75	$
114,043.75	$
111,803.75	$
111,803.75	$
109,483.75	$
109,483.75	$
107,083.75	$
107,083.75	$
104,603.75	$
104,603.75	$
102,043.75	$
102,043.75	$
98,950.00  $
98,950.00  $
95,762.50  $
95,762.50  $
92,387.50  $
92,387.50  $
88,918.75  $
88,918.75  $
85,356.25  $
85,356.25  $
81,606.25  $
81,606.25  $
77,762.50  $
77,762.50  $
73,731.25  $
73,731.25  $
69,512.50  $
69,512.50  $
65,200.00  $
65,200.00  $
60,400.00  $
60,400.00  $
55,400.00  $
55,400.00  $
50,200.00  $
50,200.00  $
44,800.00  $
44,800.00  $
39,100.00  $
39,100.00  $
33,200.00  $
33,200.00  $
27,100.00  $
27,100.00  $
20,700.00  $
20,700.00  $
14,100.00  $
14,100.00  $
7,200.00  $
7,200.00  $
364,859.38
- 365,847.50
- 366,287.50
- 366,567.50
- 366,687.50
- 366,647.50
- 365,993.75
- 364,712.50
- 368,150.00
- 366,306.25
- 364,275.00
- 366,962.50
- 364,368.75
- 366,493.75
- 368,243.75
- 364,712.50
- 365,600.00
- 365,800.00
- 365,600.00
- 365,000.00
- 368,900.00
- 367,300.00
- 365,300.00
- 367,800.00
- 364,800.00
- 366,300.00
367,200.00

Community Development District
Proposed Budget
Series 2022 Area 3 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025		

Revenues						
Assessments	$	165,060	$	163,272	$	-	$	163,272	$	165,060	
Assessments - Prepayments	-	234,235	-	234,235	-	
Interest Income	-	6,758	1,500	8,258	-	
Carry Forward Surplus	140,143	307,653	-	307,653	66,015	
Total Revenues	$	305,203	$	711,918	$	1,500	$	713,418	$	231,074	

Expenditures						
Interest - 11/1	$	53,878	$	54,644	$	-	$	54,644	$	44,066	
Principal - 11/1	60,000	60,000	-	60,000	50,000	
Special Call - 11/1	-	190,000	-	190,000	-	
Special Call - 2/1	-	80,000	-	80,000	-	
Interest - 5/1	52,941	47,759	-	47,759	43,284	
Special Call - 5/1	-	135,000	-	135,000	-	
Special Call - 8/1	-	-	80,000	80,000	-	
Total Expenditures	$	166,819	$	567,403	$	80,000	$	647,403	$	137,350	

Other Financing Sources						

Bond Proceeds	
$	-	$	-	$	-	$	-	$	-					
Total Other Financing Sources	$	-	$	-	$	-	$	-	$	-					

Net Change in Fund Balance	$  138,384.2	$  144,514.7	$	(78,500.0)	$	66,014.7	$	93,724.2	

Interest Expense 11/1/25	
$	43,284					
Principal Expense 11/1/25	$	50,000					
Total	$	93,284					
Community Development District Series 2022 A3 Special Assessment Bonds Amortization Schedule

,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

Community Development District
Proposed Budget
Series 2022 Area 4 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025		

Revenues						
Assessments	$	249,825	$	251,220	$	-	$	251,220	$	249,825	
Interest Income	-	9,838	1,500	11,338	-	
Carry Forward Surplus	104,844	98,961	-	98,961	114,869	
Total Revenues	$	354,669	$	360,019	$	1,500	$	361,519	$	364,694	

Expenditures						
Interest - 11/1	$	83,325	$	83,325	$	-	$	83,325	$	82,025	
Principal - 5/1	80,000	80,000	-	80,000	85,000	
Interest - 5/1	83,325	83,325	-	83,325	82,025	
Total Expenditures	$	246,650	$	246,650	$	-	$	246,650	$	249,050	
						
Net Change in Fund Balance	$	108,019	$	113,369	$	1,500	$	114,869	$	115,644	

Interest Expense 11/1/25  $
Total $
80,644
80,644

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	200	$	249,825	$	1,249	$	1,343	
	200	$	249,825			
Community Development District Series 2022 A4 Special Assessment Bonds Amortization Schedule

11/01/23	$
05/01/24	$
4,215,000.00	$
4,215,000.00	$
-	$
80,000.00	$
83,325.00  $
83,325.00  $
83,325.00
-

11/01/25	$
05/01/26	$
11/01/26	$
05/01/27	$
11/01/27	$
05/01/28	$
11/01/28	$
05/01/29	$
11/01/29	$
05/01/30	$
11/01/30	$
05/01/31	$
11/01/31	$
05/01/32	$
11/01/32	$
05/01/33	$
11/01/33	$
05/01/34	$
11/01/34	$
05/01/35	$
11/01/35	$
05/01/36	$
11/01/36	$
05/01/37	$
11/01/37	$
05/01/38	$
11/01/38	$
05/01/39	$
11/01/39	$
05/01/40	$
11/01/40	$
05/01/41	$
11/01/41	$
05/01/42	$
11/01/42	$
05/01/43	$
11/01/43	$
05/01/44	$
11/01/44	$
05/01/45	$
11/01/45	$
05/01/46	$
11/01/46	$
05/01/47	$
11/01/47	$
05/01/48	$
11/01/48	$
05/01/49	$
11/01/49	$
05/01/50	$
11/01/50	$
05/01/51	$
11/01/51	$
05/01/52	$
4,050,000.00	$
3,870,000.00	$
3,870,000.00	$
3,870,000.00	$
3,870,000.00	$
3,870,000.00	$
3,775,000.00	$
3,775,000.00	$
3,680,000.00	$
3,680,000.00	$
3,365,000.00	$
3,365,000.00	$
3,365,000.00	$
3,365,000.00	$
3,365,000.00	$
3,365,000.00	$
3,255,000.00	$
3,255,000.00	$
3,140,000.00	$
3,140,000.00	$
3,020,000.00	$
3,020,000.00	$
2,895,000.00	$
2,895,000.00	$
2,765,000.00	$
2,765,000.00	$
2,630,000.00	$
2,630,000.00	$
2,490,000.00	$
2,490,000.00	$
2,025,000.00	$
2,025,000.00	$
2,025,000.00	$
2,025,000.00	$
2,025,000.00	$
2,025,000.00	$
1,860,000.00	$
1,860,000.00	$
1,685,000.00	$
1,685,000.00	$
1,505,000.00	$
1,505,000.00	$
1,315,000.00	$
1,315,000.00	$
1,120,000.00	$
1,120,000.00	$
915,000.00	$
915,000.00	$
700,000.00	$
700,000.00	$
475,000.00	$
475,000.00	$
240,000.00	$
240,000.00	$
$
90,000.00	$
$
90,000.00	$
$
95,000.00	$
$
95,000.00	$
$
100,000.00	$
$
105,000.00	$
$
110,000.00	$
$
110,000.00	$
$
115,000.00	$
$
120,000.00	$
$
125,000.00	$
$
130,000.00	$
$
135,000.00	$
$
140,000.00	$
$
150,000.00	$
$
155,000.00	$
$
160,000.00	$
$
165,000.00	$
$
175,000.00	$
$
180,000.00	$
$
190,000.00	$
$
195,000.00	$
$
205,000.00	$
$
215,000.00	$
$
225,000.00	$
$
235,000.00	$
$
240,000.00	$
80,643.75  $
80,643.75  $
79,181.25  $
79,181.25  $
77,718.75  $
77,718.75  $
75,996.88  $
75,996.88  $
74,275.00  $
74,275.00  $
72,462.50  $
72,462.50  $
70,559.38  $
70,559.38  $
68,565.63  $
68,565.63  $
66,365.63  $
66,365.63  $
64,065.63  $
64,065.63  $
61,665.63  $
61,665.63  $
59,165.63  $
59,165.63  $
56,565.63  $
56,565.63  $
53,865.63  $
53,865.63  $
51,065.63  $
51,065.63  $
48,065.63  $
48,065.63  $
44,965.63  $
44,965.63  $
41,765.63  $
41,765.63  $
38,362.50  $
38,362.50  $
34,753.13  $
34,753.13  $
31,040.63  $
31,040.63  $
27,121.88  $
27,121.88  $
23,100.00  $
23,100.00  $
18,871.88  $
18,871.88  $
14,437.50  $
14,437.50  $
9,796.88  $
9,796.88  $
4,950.00  $
4,950.00  $
247,668.75
- 249,825.00
- 246,900.00
- 248,715.63
- 245,271.88
- 246,737.50
- 248,021.88
- 249,125.00
- 244,931.25
- 245,431.25
- 245,731.25
- 245,831.25
- 245,731.25
- 245,431.25
- 244,931.25
- 249,131.25
- 248,031.25
- 246,731.25
- 245,128.13
- 248,115.63
- 245,793.75
- 248,162.50
- 245,221.88
- 246,971.88
- 248,309.38
- 249,234.38
- 249,746.88
244,950.00

Community Development District
Adopted Budget
Series 2023 Area 5 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025		

Revenues						
Assessments -Direct	$	553,728	$	402,484	$	151,244	$	553,728	$	553,728	
Prepayments	-	73,911	-	73,911	-	
Interest Income	-	24,383	10,000	34,383	-	
Carry Forward Surplus	170,598	175,661	-	175,661	336,869	
Total Revenues	$	724,326	$	676,439	$	161,244	$	837,683	$	890,597	

Expenditures						
Interest - 11/1	$	168,198	$	168,198	$	-	$	168,198	$	219,934	
Principal - 5/1	110,000	110,000	-	110,000	115,000	
Interest - 5/1	222,616	222,616	-	222,616	219,934	
Total Expenditures	$	500,814	$	500,814	$	-	$	500,814	$	554,869	

Other Financing Sources/(Uses)						

Bond Proceeds	
$	-	$	-	$	-	$	-	$	-					
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	$	-					

Interest Expense 11/1/25  $
Total $
217,131
217,131

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	443	$	553,728	$	1,250	$	1,344	
	443	$	553,728			
VillaMar
Community Development District Series 2023 A5 Special Assessment Bonds Amortization Schedule

11/01/23	$
05/01/24	$
7,940,000.00	$
7,940,000.00	$
$
110,000.00  $
168,198.47  $
222,615.63
168,198.47

11/01/25	$
05/01/26	$
11/01/26	$
05/01/27	$
11/01/27	$
05/01/28	$
11/01/28	$
05/01/29	$
11/01/29	$
05/01/30	$
11/01/30	$
05/01/31	$
11/01/31	$
05/01/32	$
11/01/32	$
05/01/33	$
11/01/33	$
05/01/34	$
11/01/34	$
05/01/35	$
11/01/35	$
05/01/36	$
11/01/36	$
05/01/37	$
11/01/37	$
05/01/38	$
11/01/38	$
05/01/39	$
11/01/39	$
05/01/40	$
11/01/40	$
05/01/41	$
11/01/41	$
05/01/42	$
11/01/42	$
05/01/43	$
11/01/43	$
05/01/44	$
11/01/44	$
05/01/45	$
11/01/45	$
05/01/46	$
11/01/46	$
05/01/47	$
11/01/47	$
05/01/48	$
11/01/48	$
05/01/49	$
11/01/49	$
05/01/50	$
11/01/50	$
05/01/51	$
11/01/51	$
05/01/52	$
11/01/52	$
05/01/53	$
7,715,000.00	$
7,715,000.00	$
7,595,000.00	$
7,595,000.00	$
7,470,000.00	$
7,470,000.00	$
7,340,000.00	$
7,340,000.00	$
7,200,000.00	$
7,200,000.00	$
7,055,000.00	$
7,055,000.00	$
6,900,000.00	$
6,900,000.00	$
6,735,000.00	$
6,735,000.00	$
6,565,000.00	$
6,565,000.00	$
6,385,000.00	$
6,385,000.00	$
6,195,000.00	$
6,195,000.00	$
5,990,000.00	$
5,990,000.00	$
5,775,000.00	$
5,775,000.00	$
5,545,000.00	$
5,545,000.00	$
5,305,000.00	$
5,305,000.00	$
5,050,000.00	$
5,050,000.00	$
4,495,000.00	$
4,195,000.00	$
4,195,000.00	$
4,195,000.00	$
4,195,000.00	$
4,195,000.00	$
3,875,000.00	$
3,875,000.00	$
3,535,000.00	$
3,535,000.00	$
3,175,000.00	$
3,175,000.00	$
2,795,000.00	$
2,795,000.00	$
2,395,000.00	$
2,395,000.00	$
1,970,000.00	$
1,970,000.00	$
1,520,000.00	$
1,520,000.00	$
1,040,000.00	$
1,040,000.00	$
535,000.00  $
535,000.00  $
$
120,000.00  $
$
125,000.00  $
$
130,000.00  $
$
140,000.00  $
$
145,000.00  $
$
155,000.00  $
$
165,000.00  $
$
170,000.00  $
$
180,000.00  $
$
190,000.00  $
$
205,000.00  $
$
215,000.00  $
$
230,000.00  $
$
240,000.00  $
$
255,000.00  $
$
270,000.00  $
$
285,000.00  $
$
300,000.00  $
$
320,000.00  $
$
340,000.00  $
$
360,000.00  $
$
380,000.00  $
$
400,000.00  $
$
425,000.00  $
$
450,000.00  $
$
480,000.00  $
$
505,000.00  $
$
535,000.00  $
217,131.25  $
217,131.25
214,206.25  $
214,206.25
211,159.38  $
211,159.38
207,990.63  $
207,990.63
204,578.13  $
204,578.13
201,043.75  $
201,043.75
196,684.38  $
196,684.38
192,043.75  $
192,043.75
187,262.50  $
187,262.50
182,200.00  $
182,200.00
176,856.25  $
176,856.25
171,090.63  $
171,090.63
165,043.75  $
165,043.75
158,575.00  $
158,575.00
151,825.00  $
151,825.00
144,653.13  $
144,653.13
137,059.38  $
137,059.38
129,043.75  $
129,043.75
120,606.25  $
120,606.25
111,406.25  $
111,406.25
101,631.25  $
101,631.25
91,281.25  $
91,281.25
80,356.25  $
80,356.25
68,856.25  $
68,856.25
56,637.50  $
56,637.50
43,700.00  $
43,700.00
29,900.00  $
29,900.00
15,381.25  $
15,381.25  $
552,065.63

551,337.50

550,365.63

549,150.00

552,568.75

550,621.88

552,728.13

553,728.13

549,306.25

549,462.50

549,056.25

552,946.88

551,134.38

553,618.75

550,400.00

551,478.13

551,712.50

551,103.13

549,650.00

552,012.50

553,037.50

552,912.50

551,637.50

549,212.50

550,493.75

550,337.50

553,600.00

550,281.25
550,381.25

VillaMar
Community Development District
Adopted Budget
Series 2024 Area 6 Debt Service Fund

Proposed Budget	Actual Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025		

Revenues						
Assessments	$	343,608	$	-	$	343,608	$	343,608	$	603,000	
Interest Income	15,000	13,965	500	14,465	-	
Carry Forward Surplus	-	-	-	-	343,608	
Total Revenues	$	358,608	$	13,965	$	344,108	$	358,073	$	946,608	

Expenditures						
Interest - 11/1	$	-	$	-	$	-	$	-	$	343,608					
Principal - 5/1	-	-	-	-	120,000		
Interest - 5/1	102,949	102,949	-	102,949	240,659		
Total Expenditures	$	102,949	$	102,949	$	-	$	102,949	$	704,267		

Other Financing Sources/(Uses)						
Bond Proceeds	$	946,608	$	946,608	$	-	$	946,608	$	-		
Total Other Financing Sources/(Uses)	$	946,608	$	946,608	$	-	$	946,608	$	-		

Interest Expense 11/1/25  $
Total $
237,884
237,884

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family - Meritage	150	$	202,349	$	1,349	$	1,451	
Single Family	243	$	400,651	$	1,649	$	1,773	
	393	$	603,000			
Villamar Community Development District Series 2024 Special Assessment Bonds
Amortization Schedule

- 120,000.00
- 130,000.00
- 135,000.00
- 140,000.00
- 145,000.00
- 155,000.00
- 160,000.00
- 170,000.00
- 180,000.00
- 190,000.00
- 200,000.00
- 210,000.00
- 225,000.00
- 235,000.00
- 250,000.00
- 265,000.00
- 280,000.00
- 295,000.00
- 310,000.00
- 330,000.00
- 350,000.00
- 370,000.00
-
390,000.00
- 415,000.00
- 440,000.00
- 465,000.00
- 490,000.00
- 520,000.00
- 550,000.00
- 585,000.00
343,608.11
- 598,543.75
- 602,762.50
- 601,634.38
- 600,275.00
- 598,684.38
- 601,746.88
- 599,462.50
- 601,087.50
- 601,462.50
- 601,287.50
- 600,562.50
- 599,287.50
- 602,325.00
- 599,675.00
- 601,337.50
- 602,175.00
- 602,187.50
- 601,375.00
- 599,737.50
- 602,137.50
- 603,000.00
- 602,300.00
- 600,450.00
- 602,306.25
- 602,725.00
- 601,706.25
- 599,250.00
- 600,212.50
- 599,450.00
601,818.75

PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M 2019 Debt	2020 Debt 2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total			
262915688505000010	1	Phase 6	AA5	$756.84			$672.02		$1,428.86			
262915688505000020	1	Phase 6	AA5	$756.84			$672.02		$1,428.86			
262915688505000030	1	Phase 6	AA5	$756.84			$672.02		$1,428.86			
262915688505000040	1	Phase 6	AA5	$756.84			$672.02		$1,428.86			
262915688505000050	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000060	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000070	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000080	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000090	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000100	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000110	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000120	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000130	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000140	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000150	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000160	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000170	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000180	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000190	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000200	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000210	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000220	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000230	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000240	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000250	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000260	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000270	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000280	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000290	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000300	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000310	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000320	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000330	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000340	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000350	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000360	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000370	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000380	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000390	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000400	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000410	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000420	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000430	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000441	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000450	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000460	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000470	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000480	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000490	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000500	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000510	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000520	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000530	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000540	1	Phase 6	AA5	$756.84			$672.02		$1,428.86			
262915688505000550	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000560	1	Phase 6	AA5	$756.84			$672.02		$1,428.86			
262915688505000570	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000580	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000590	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000600	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000610	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000620	1	Phase 6	AA5	$756.84			$672.02		$1,428.86			
262915688505000630	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000640	1	Phase 6	AA5	$756.84			$672.02		$1,428.86			
262915688505000650	1	Phase 6	AA5	$756.84			$672.02		$1,428.86			
262915688505000660	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000670	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000680	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000690	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000700	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000710	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000720	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M 2019 Debt	2020 Debt 2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total			
262915688505000730	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000740	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000750	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000760	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000770	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000780	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000790	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000800	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000810	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000820	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000830	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000840	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000850	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000860	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000870	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000880	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000890	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000900	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000910	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000920	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000930	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000940	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000950	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000960	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000970	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000980	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505000990	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001000	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001010	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001020	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001030	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001040	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001050	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001060	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001070	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001080	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001090	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001100	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001110	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001120	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001130	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001140	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001150	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001160	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001170	1	Phase 6	AA5	$756.84			$672.02		$1,428.86			
262915688505001180	1	Phase 6	AA5	$756.84			$672.02		$1,428.86			
262915688505001190	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001200	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001210	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001220	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001230	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001240	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001250	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001260	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001270	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001280	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001290	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001300	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001310	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001320	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001330	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001340	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001350	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001360	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001370	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001380	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001390	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001400	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001410	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001420	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001430	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001440	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001450	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001460	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001470	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001480	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M 2019 Debt	2020 Debt 2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total			
262915688505001490	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001500	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001510	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001520	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001530	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001540	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001550	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001560	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001570	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001580	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001590	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001600	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001610	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001620	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001630	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001640	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001650	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001660	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001670	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001680	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001690	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001700	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001710	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001720	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001730	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001740	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001750	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001760	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001770	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001780	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001790	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001800	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001810	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001820	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001830	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001840	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001850	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001860	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001870	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001880	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001890	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001900	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001910	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001920	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001930	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001940	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001950	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001960	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001970	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001980	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505001990	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002000	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002010	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002020	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002030	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002040	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002050	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002060	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002070	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002080	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002090	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002100	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002110	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002120	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002130	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002140	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002150	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002160	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002170	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002180	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002190	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002200	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002210	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002220	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002230	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002240	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M 2019 Debt	2020 Debt 2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total			
262915688505002250	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002260	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002270	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002280	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002290	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002300	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002310	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002320	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002330	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002340	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002350	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002360	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002370	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002380	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002390	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002400	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002410	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002420	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002430	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002440	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002450	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002460	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002470	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002480	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002490	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002500	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002510	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002520	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002530	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002540	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002550	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002560	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002570	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002580	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002590	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002600	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002610	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002620	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002630	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002640	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002650	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002660	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002670	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002680	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002690	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002700	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002710	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002720	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002730	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002740	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002750	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002760	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002770	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002780	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002790	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002800	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002810	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002820	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002830	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002840	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002850	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002860	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002870	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002880	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002890	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002900	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002910	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002920	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002930	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002940	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002950	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002960	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002970	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002980	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505002990	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003000	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M 2019 Debt	2020 Debt 2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total			
262915688505003010	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003020	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003030	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003040	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003050	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003060	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003070	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003080	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003090	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003100	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003110	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003120	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003130	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003140	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003150	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003160	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003170	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003180	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003190	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003200	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003210	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003220	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003230	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003240	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003250	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003260	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003270	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003280	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003290	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003300	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003310	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003320	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003330	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003340	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003350	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003360	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003370	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003380	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003390	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003400	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003410	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003420	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003430	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003440	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003450	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003460	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003470	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003480	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003490	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003500	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003510	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003520	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003530	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003540	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003550	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003560	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003570	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003580	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003590	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003600	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003610	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003620	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003630	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003640	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003650	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003660	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003670	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003680	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003690	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003700	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003710	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003720	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003730	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003740	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003750	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003760	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M 2019 Debt	2020 Debt 2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total			
262915688505003770	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003780	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003790	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003800	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003810	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003820	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003830	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003840	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003850	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003860	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003870	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003880	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003890	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003900	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003910	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003920	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003930	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003940	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003950	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505003960	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004010	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004020	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004030	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004040	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004050	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004060	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004070	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004080	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004090	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004100	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004110	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004120	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004130	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004140	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004150	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004160	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004170	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004180	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004190	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004200	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004210	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004220	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004230	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004240	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004250	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004260	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004270	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004280	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004290	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004300	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004310	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004320	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004330	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004340	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004350	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004360	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004370	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004380	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004390	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004400	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004410	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004420	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004430	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004440	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004450	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004460	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262915688505004470	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87			
262923690583000010	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000020	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000030	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000040	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000050	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000060	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000070	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000080	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000090	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M 2019 Debt	2020 Debt 2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total			
262923690583000100	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000110	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000120	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000130	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000140	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000150	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000160	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000170	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000180	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000190	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000200	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000210	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000220	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000230	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000240	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000250	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000260	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000270	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000280	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000290	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000300	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000310	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000320	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000330	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000340	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000350	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000360	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000370	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000380	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000390	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000400	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000410	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000420	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000430	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000440	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000450	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000460	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000470	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000480	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000490	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000500	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000510	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000520	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000530	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000540	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000550	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000560	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000570	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000580	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000590	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000600	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000610	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000620	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000630	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000640	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000650	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000660	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000670	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000680	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000690	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000700	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000710	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000720	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000730	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000740	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000750	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000760	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000770	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000780	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000790	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000800	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000810	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000820	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000830	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000840	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000850	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M 2019 Debt	2020 Debt 2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total			
262923690583000860	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000870	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000880	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000890	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000900	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000910	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000920	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000930	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000940	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000950	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000960	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000970	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000980	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583000990	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001000	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001010	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001020	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001030	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001040	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001050	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001060	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001070	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001080	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001090	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001100	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001110	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001120	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001130	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001140	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001150	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001160	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001170	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001180	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001190	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001200	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001210	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001220	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001230	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001240	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001250	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001260	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001270	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001280	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001290	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001300	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001310	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001320	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001330	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001340	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001350	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001360	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001370	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001380	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001390	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001400	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001410	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001420	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001430	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001440	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001450	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001460	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001470	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001480	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001490	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001500	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001510	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001520	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001530	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001540	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001550	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001560	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001570	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001580	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001590	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001600	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001610	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M 2019 Debt	2020 Debt 2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total			
262923690583001620	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001630	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001640	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001650	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001660	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001670	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001680	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001690	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001700	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001710	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001720	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001730	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001740	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001750	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001760	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001770	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001780	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001790	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001800	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001810	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001820	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001830	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001840	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001850	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001860	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001870	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001880	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001890	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001900	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001910	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001920	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001930	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001940	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001950	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001960	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001970	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001980	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583001990	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690583002000	1	Phase 5	Phase 4	$756.84		$1,343.15			$2,099.99			
262923690584000010	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000020	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000030	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000040	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000050	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000060	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000070	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000080	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000090	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000100	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000110	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000120	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000130	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000140	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000150	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000160	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000170	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000180	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000190	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000200	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000210	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000220	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000230	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000240	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000250	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000260	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000270	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000280	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000290	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000300	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000310	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000320	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000330	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000340	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000350	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000360	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000370	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M 2019 Debt	2020 Debt 2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total			
262923690584000380	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000390	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000400	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000410	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000420	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000430	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000440	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000450	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000460	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000470	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000480	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000490	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000500	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000510	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000520	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000530	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000540	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000550	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000560	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000570	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000580	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000590	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000600	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000610	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000620	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000630	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000640	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000650	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000660	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000670	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000680	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000690	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000700	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000710	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000720	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000730	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000740	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000750	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000760	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000770	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000780	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000790	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000800	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000810	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000820	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000830	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000840	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000850	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000860	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000870	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000880	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000890	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000900	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000910	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000920	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000930	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000940	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584000950	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000960	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000970	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000980	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584000990	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584001000	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584001010	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584001020	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584001030	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584001040	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584001050	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584001060	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584001070	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584001080	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584001090	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32			
262923690584001100	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584001110	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584001120	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
262923690584001130	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73			
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M 2019 Debt 2020 Debt	2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total			
262923690584001140	1	Phase 4	Phase 3	$756.84		$669.89				$1,426.73		
262923690584001150	1	Phase 4	Phase 3	$756.84		$669.89				$1,426.73		
262923690584001160	1	Phase 4	Phase 3	$756.84		$669.89				$1,426.73		
262923690584001170	1	Phase 4	Phase 3	$756.84		$669.89				$1,426.73		
262923690584001180	1	Phase 4	Phase 3	$756.84		$1,339.48				$2,096.32		
262923690584001190	1	Phase 4	Phase 3	$756.84		$669.89				$1,426.73		
262923690584001200	1	Phase 4	Phase 3	$756.84		$1,339.48				$2,096.32		
262923690584001210	1	Phase 4	Phase 3	$756.84		$669.89				$1,426.73		
262923690584001220	1	Phase 4	Phase 3	$756.84		$1,339.48				$2,096.32		
262923690584001230	1	Phase 4	Phase 3	$756.84		$1,339.48				$2,096.32		
262923690584001240	1	Phase 4	Phase 3	$756.84		$1,339.48				$2,096.32		
262923690584001250	1	Phase 4	Phase 3	$756.84		$1,339.48				$2,096.32		
262923690584001260	1	Phase 4	Phase 3	$756.84		$1,339.48				$2,096.32		
262923690584001270	1	Phase 4	Phase 3	$756.84		$1,339.48				$2,096.32		
262923690584001280	1	Phase 4	Phase 3	$756.84		$1,339.48				$2,096.32		
262923690584001290	1	Phase 4	Phase 3	$756.84		$1,339.48				$2,096.32		
262923690584001300	1	Phase 4	Phase 3	$756.84		$1,339.48				$2,096.32		
262923690584001310	1	Phase 4	Phase 3	$756.84		$1,339.48				$2,096.32		
262923690584001320	1	Phase 4	Phase 3	$756.84		$1,339.48				$2,096.32		
262923690584001330	1	Phase 4	Phase 3	$756.84		$1,339.48				$2,096.32		
262923690584001340	1	Phase 4	Phase 3	$756.84		$1,339.48				$2,096.32		
262923690584001350	1	Phase 4	Phase 3	$756.84		$1,339.48				$2,096.32		
262923690584001360	1	Phase 4	Phase 3	$756.84		$1,339.48				$2,096.32		
262923690584001370	1	Phase 4	Phase 3	$756.84		$669.89				$1,426.73		
262923690584001380	1	Phase 4	Phase 3	$756.84		$669.89				$1,426.73		
262923690584001390	1	Phase 4	Phase 3	$756.84		$669.89				$1,426.73		
262923690584001400	1	Phase 4	Phase 3	$756.84		$1,339.48				$2,096.32		
262923690585000010	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000020	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000030	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000040	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000050	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000060	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000070	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000080	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000090	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000100	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000110	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000120	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000130	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000140	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000150	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000160	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000170	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000180	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000190	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000200	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000210	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000220	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000230	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000240	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000250	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000260	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000270	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000280	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000290	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000300	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000310	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000320	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000330	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000340	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000350	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000360	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000370	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000380	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000390	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000400	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000410	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000420	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000430	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000440	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000450	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000460	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000470	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000480	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000490	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M 2019 Debt 2020 Debt	2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total			
262923690585000500	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000510	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000520	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000530	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000540	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000550	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000560	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000570	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000580	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000590	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000600	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000610	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000620	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000630	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000640	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000650	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000660	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000670	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000680	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000690	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000700	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000710	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000720	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000730	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000740	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000750	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000760	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000770	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000780	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000790	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000800	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000810	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000820	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000830	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585000840	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000850	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000860	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000870	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000880	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000890	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000900	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000910	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000920	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000930	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000940	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000950	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000960	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000970	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000980	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585000990	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001000	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001010	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001020	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001030	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001040	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001050	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001060	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001070	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001080	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001090	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001100	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001110	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001120	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001130	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001140	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001150	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001160	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001170	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001180	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001190	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001200	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001210	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001220	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001230	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001240	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001250	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M 2019 Debt 2020 Debt	2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total			
262923690585001260	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001270	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001280	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001290	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001300	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001310	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001320	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001330	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001340	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001350	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001360	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001370	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001380	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001390	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001400	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001410	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001420	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001430	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001440	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001450	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001460	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001470	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001480	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001490	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001500	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001510	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001520	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001530	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001540	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001550	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001560	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001570	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001580	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001590	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001600	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001610	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001620	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001630	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001640	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001650	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001660	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001670	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001680	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001690	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001700	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001710	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001720	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001730	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001740	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001750	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001760	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001770	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001780	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001790	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001800	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001810	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001820	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001830	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001840	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001850	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001860	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001870	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001880	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001890	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001900	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001910	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001920	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001930	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001940	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001950	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001960	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001970	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585001980	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585001990	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002000	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002010	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M 2019 Debt 2020 Debt	2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total			
262923690585002020	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002030	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002040	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002050	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002060	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002070	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002080	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002090	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002100	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002110	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002120	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002130	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002140	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002150	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002160	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002170	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002180	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002190	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002200	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002210	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002220	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002230	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002240	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002250	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002260	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002270	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002280	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002290	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002300	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002310	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002320	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002330	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002340	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002350	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002360	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002370	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002380	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002390	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002400	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002410	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002420	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002430	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002440	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002450	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002460	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002470	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002480	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002490	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002500	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002510	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002520	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002530	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002540	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002550	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002560	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002570	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002580	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002590	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002600	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002610	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002620	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002630	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002640	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002650	1	Phase 3	2020 AA	$756.84	$1,451.61					$2,208.45		
262923690585002660	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002670	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002680	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002690	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002700	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002710	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002720	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002730	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002740	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002750	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002760	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
262923690585002770	1	Ph.3 Dr Horton	2020 AA	$756.84	$1,344.09					$2,100.93		
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M	2019 Debt	2020 Debt	2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total	
262923690585002780	1	Ph.3 Dr Horton	2020 AA	$756.84		$1,344.09					$2,100.93	
262923690585002790	1	Ph.3 Dr Horton	2020 AA	$756.84		$1,344.09					$2,100.93	
262923690585002800	1	Ph.3 Dr Horton	2020 AA	$756.84		$1,344.09					$2,100.93	
262923690585002810	1	Ph.3 Dr Horton	2020 AA	$756.84		$1,344.09					$2,100.93	
262923690586000010	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000020	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000030	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000040	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000050	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000060	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000070	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000080	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000090	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000100	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000110	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000120	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000130	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000140	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000150	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000160	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000170	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000180	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000190	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000200	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000210	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000220	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000230	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000240	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000250	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000260	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000270	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000280	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000290	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000300	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000310	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000320	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000330	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000340	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000350	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000360	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000370	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000380	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000390	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000400	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000410	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000420	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000430	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000440	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000450	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000460	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000470	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000480	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000490	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000500	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000510	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000520	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000530	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000540	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000550	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000560	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000570	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000580	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000590	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000600	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000610	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000620	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000630	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000640	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000650	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000660	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000670	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000680	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000690	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000700	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000710	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
262923690586000720	1	Phase 2	Phase 1	$756.84	$1,303.76						$2,060.60	
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M	2019 Debt 2020	Debt 2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total		
262923690586000730	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000740	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000750	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000760	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000770	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000780	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000790	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000800	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000810	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000820	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000830	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000840	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000850	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000860	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000870	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000880	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000890	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000900	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000910	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000920	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000930	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000940	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000950	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000960	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000970	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000980	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586000990	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001000	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001010	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001020	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001030	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001040	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001050	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001060	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001070	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001080	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001090	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001100	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001110	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001120	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001130	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001140	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001150	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001160	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001170	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001180	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001190	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001200	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001210	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001220	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001230	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001240	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001250	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001260	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001270	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690586001280	1	Phase 2	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000010	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000020	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000030	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000040	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000050	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000060	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000070	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000080	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000090	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000100	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000110	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000120	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000130	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000140	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000150	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000160	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000170	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000180	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000190	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000200	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M	2019 Debt 2020	Debt 2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total		
262923690587000210	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000220	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000230	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000240	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000250	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000260	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000270	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000280	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000290	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000300	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000310	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000320	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000330	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000340	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000350	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000360	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000370	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000380	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000390	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000400	1	Phase 1	Phase 1	$756.84	$0.00					$756.84		
262923690587000410	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000420	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000430	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000440	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000450	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000460	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000470	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000480	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000490	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000500	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000510	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000520	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000530	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000540	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000550	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000560	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000570	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000580	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000590	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000600	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000610	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000620	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000630	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000640	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000650	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000660	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000670	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000680	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000690	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000700	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000710	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000720	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000730	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000740	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000750	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000760	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000770	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000780	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000790	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000800	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000810	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000820	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000830	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000840	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000850	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000860	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000870	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000880	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000890	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000900	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000910	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000920	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000930	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000940	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000950	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000960	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M	2019 Debt 2020	Debt 2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total		
262923690587000970	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000980	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587000990	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001000	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001010	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001020	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001030	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001040	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001050	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001060	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001070	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001080	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001090	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001100	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001110	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001120	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001130	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001140	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001150	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001160	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001170	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001180	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001190	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001200	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001210	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001220	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001230	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001240	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001250	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001260	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001270	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001280	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001290	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001300	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001310	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001320	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001330	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001340	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001350	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001360	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001370	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001380	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001390	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001400	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001410	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001420	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001430	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001440	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001450	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001460	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001470	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001480	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001490	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690587001500	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001510	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001520	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001530	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001540	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001550	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001560	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001570	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001580	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001590	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001600	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001610	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001620	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001630	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001640	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001650	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001660	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001670	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001680	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001690	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001700	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001710	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001720	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 25 O&M	2019 Debt 2020 Debt	2022 Phase
3 Debt	2022 Phase
4 Debt	Series 2023 Debt	Series 2024 Debt	Total		
262923690588001730	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001740	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001750	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001760	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001770	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001780	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001790	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001800	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001810	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001820	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001830	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001840	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001850	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001860	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001870	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001880	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001890	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001900	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001910	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001920	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001930	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001940	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001950	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001960	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001970	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001980	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588001990	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588002000	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588002010	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588002020	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588002030	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588002040	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588002050	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
262923690588002060	1	Phase 1	Phase 1	$756.84	$1,303.76					$2,060.60		
Total Gross On Roll Assessments	1398	$1,058,062.32 $434,152.08 $396,827.85	$151,369.34	$268,630.00	$588,013.18	$0.00	$2,897,054.77					
												
Total Net On Roll Assessments		$983,997.96 $403,761.43 $369,049.90	$140,773.49	$249,825.90	$546,852.26	$0.00	$2,694,260.94					

Direct Billing												
PARCEL ID	Units Legal Phase  Phase/AA in FY 25 O&M 2019 Debt 2020 Debt 2022 Phase 2022 Phase Series 2023 Series 2024	Total												
			Supplemental				3 Debt	4 Debt	Debt	Debt		
262915000000012030	393	Phase 7	AA6	$50,264.70						$648,387.10	$698,651.80	
262914000000031050	211	Phase 8	AA7	$26,986.90						$0.00	$26,986.90	
Total Gross Off Roll Assessments	604			$77,251.60	$0.00	$0.00	$0.00	$0.00	$0.00	$648,387.10	$725,638.70	
												
Total Net Off Roll Assessments				$71,843.99	$0.00	$0.00	$0.00	$0.00	$0.00	$603,000.00	$674,843.99	

Section V
RESOLUTION 2024-13
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT ADOPTING THE ANNUAL MEETING SCHEDULE FOR FISCAL YEAR 2024/2025; AND PROVIDING FOR AN EFFECTIVE DATE.

Whereas, the VillaMar Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated within Polk County, Florida; and
Whereas, the District is required by Section 189.015, Florida Statutes, to file quarterly, semi- annually, or annually a schedule (including date, time, and location) of its regular meetings with local governing authorities; and

Whereas, further, in accordance with the above-referenced statute, the District shall also publish quarterly, semi-annually, or annually the District’s regular meeting schedule in a newspaper of general paid circulation in the county in which the District is located; and

WHEREAS, the Board desires to adopt the Fiscal Year 2024/2025 annual meeting schedule attached as Exhibit A.
NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. The Fiscal Year 2024/2025 annual meeting schedule attached hereto and incorporated by reference herein as Exhibit A is hereby approved and shall be published in accordance with the requirements of Florida law and also provided to applicable governing authorities.

SECTION 2.   This Resolution shall become effective immediately upon its adoption.

Passed and adopted this 6th day of August 2024.

ATTEST:	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Fiscal Year 2024/2025 Annual Meeting Schedule
Exhibit A: Fiscal Year 2024/2025 Annual Meeting Schedule
BOARD OF SUPERVISORS MEETING DATES VILLAMAR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025

The Board of Supervisors of the VillaMar Community Development District will hold their regular meetings for Fiscal Year 2024/2025 at the Holiday-Inn-Winter Haven, 200 Cypress Gardens Boulevard, Winter Haven, Florida 33880, on the 4th Wednesday of every month, at 11:00 a.m., unless otherwise indicated as follows:
October 23, 2024
November 20, 2024 (3rd Wednesday)
December 18, 2024 (3rd Wednesday)
January 22, 2025
February 26, 2025
March 26, 2025
April 23, 2025
May 28, 2025
June 25, 2025
July 23, 2025
August 26, 2025
September 24, 2025

The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. The meetings may be continued to a date, time, and place to be specified on the record at the meeting. A copy of the agenda for these meetings may be obtained from Governmental Management Services - Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 or by calling (407) 841-5524.
There may be occasions when one or more Supervisors or staff will participate by telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 841-5524 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Office.
A person who decides to appeal any decision made at the meeting with respect to any matter considered at the meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.
District Manager

Section VI
Villamar Community Development District
Rules Relating to Overnight Parking and Parking Enforcement

In accordance with Chapter 190, Florida Statutes, and on Tuesday, February 6, 2024 at a duly noticed public meeting, the Board of Supervisors of the Villamar Community Development District (“District”) adopted the following rule to govern overnight parking and parking enforcement on certain District property (the “Rule”). This Rule repeals and supersedes all prior rules and/or policies governing the same subject matter.

Section 1. Introduction. The District finds that parked Commercial Vehicles, Vehicles, Vessels and Recreational Vehicles (hereinafter defined) on certain of its property (hereinafter defined) cause hazards and danger to the health, safety and welfare of District residents, paid users and the public. This Rule is intended to provide the District’s residents and paid users with a means to remove such Commercial Vehicles, Vehicles, Vessels and Recreational Vehicles from areas that are not designated for parking.

Section 2. Definitions.

Commercial Vehicle. Any mobile item which normally uses wheels, whether motorized or not, that (i) is titled, registered or leased to a company and not an individual person, or (ii) is used for business purposes even if titled, registered or leased to an individual person.
Designated Parking Areas. Areas which have been explicitly approved for parking by the District, including areas indicated by asphalt markings and areas designated on the map attached hereto as Exhibit A and indicated by signage.

Vehicle. Any mobile item which normally uses wheels, whether motorized or not.

Vessel. Every description of watercraft, barge, or airboat used or capable of being used as a means of transportation on water.
Recreational Vehicle. A vehicle designed for recreational use, which includes motor homes, campers and trailers relative to same.
Parked. A Vehicle, Vessel or Recreational Vehicle left unattended by its owner or user.

Tow-Away Zone. District property in which parking is prohibited and in which the District is authorized to initiate a towing and/or removal action. Any District Property not designated as a Designated Parking Area is a Tow-Away Zone.

Overnight. Between the hours of 10:00 p.m. and 6:00 a.m. daily.
SECTION 3. DESIGNATED PARKING AREAS. Parking is permitted only in Designated Parking Areas, as indicated by asphalt markings for parking spaces and as indicated on the map attached hereto as Exhibit A for certain on-street parking areas. On-street parking is expressly prohibited on District roadways except where indicated. Any Vehicle parked on District Property, including District roads,
if any, must do so in compliance with all laws, ordinances, and codes, and shall not block access to driveways and property entrances.

SECTION 4. ESTABLISHMENT OF TOW-AWAY ZONES. All District Property which is not explicitly designated for parking shall hereby be established as “Tow-Away Zones” for all Vehicles, including Commercial Vehicles, Vessels, Recreational Vehicles as set forth in Section 5 herein (“Tow- Away Zone”).
Section 5. Exceptions.

On-Street Parking Exceptions. Commercial Vehicles, Recreational Vehicles, and Vessels are not permitted to be parked on-street Overnight and shall be subject to towing at Owner’s expense.

Abandoned/Broken-Down Vehicles. Abandoned and/or broken-down Vehicles are not permitted to be parked on District Property at any time and are subject to towing at the Owner’s expense.
PARKING DURING AMENITY HOURS. Vehicles may park in the designated parking areas of amenity facilities depicted in Exhibit A during the open hours of operations of such amenity facilities, including any District-authorized special events occurring outside of regular hours of operation. Otherwise, no Overnight parking is permitted at the amenity facilities.
VENDORS/CONTRACTORS. The District Manager or his/her designee may authorize vendors/consultants in writing to park company vehicles in order to facilitate District business. All vehicles so authorized must be identified by a Parking Pass issued by the District.

Delivery Vehicles and Governmental Vehicles. Delivery vehicles, including but not limited to, U.S.P.S., U.P.S., Fed Ex, moving company vehicles, and lawn maintenance vendors may park on District property while actively engaged in the operation of such businesses. Vehicles owned and operated by any governmental unit may also park on District Property while carrying out official duties.

Section 6. Towing/Removal Procedures.

Signage and Language Requirements. Notice of the Tow-Away Zones shall be approved by the District’s Board of Supervisors and shall be posted on District property in the manner set forth in Section 715.07, Florida Statutes. Such signage is to be placed in conspicuous locations, in accordance with Section 715.07, Florida Statutes.

Towing/Removal Authority. To effect towing/removal of a Commercial Vehicle, Vehicle, Vessel or Recreational Vehicle, the District Manager or his/her designee must verify that the subject Commercial Vehicle, Vehicle, Vessel or Recreational Vehicle was not authorized to park under this rule in the Overnight Parking Areas and then must contact a firm authorized by Florida law to tow/remove Commercial Vehicle, Vehicles, Vessels and Recreational Vehicles for the removal of such unauthorized vehicle at the owner’s expense. The Commercial Vehicle, Vehicle, Vessel or Recreational Vehicle shall be towed/removed by the firm in accordance with Florida law, specifically the provisions set
forth in Section 715.07, Florida Statutes. Notwithstanding the foregoing, a towing service retained by the District may tow/remove any vehicle parked in a Tow-Away Zone.

Agreement  with  Authorized  Towing  Service. The  District’s  Board  of
Supervisors is hereby authorized to enter into and maintain an agreement with a firm authorized by Florida law to tow/remove unauthorized vehicles and in accordance with Florida law and with the rules set forth herein.
Section 7. Parking At Your Own Risk. Vehicles, Vessels or Recreational Vehicles may be parked on District property pursuant to this rule, provided however that the District assumes no liability for any theft, vandalism and/ or damage that might occur to personal property and/or to such vehicles.

Section  8. Amendments; Designation  of  Additional  Tow-Away  Zones  or
Designated Parking Areas. The Board in its sole discretion may amend these Rules Related to Overnight Parking and Parking Enforcement from time to time to designate new Tow-Away Zones or Designated Parking Areas as the District acquires additional common areas. Such designations of new Tow-Away Zones and Designated Parking Areas are subject to proper signage and shall be enforced consistent with this Rule. Further rulemaking procedures shall not be required to expand or contract such Tow-Away Zones or Designated Parking Areas so long as signage is consistent with Florida law.

EXHIBIT A – Designated Parking Areas (highlighted areas)

Effective date: Tuesday, February 6, 2024
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SUND_4NCE	\ \
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PHASE TWO	\ \
(PlATBOOKBO, PAGE47J	\
LOT 16
*FOR BOARD DISCUSSION*

Section VII

Memorandum
To: Board of Supervisors From: District Management Date: August 6, 2024
RE:	HB7013 – Special Districts Performance Measures and Standards

To enhance accountability and transparency, new regulations were established for all special districts, by the Florida Legislature, during their 2024 legislative session. Starting on October 1, 2024, or by the end of the ﬁrst full ﬁscal year after its creation (whichever comes later), each special district must establish goals and objectives for each program and activity, as well as develop performance measures and standards to assess the achievement of these goals and objectives. Additionally, by December 1 each year (initial report due on December 1, 2025), each special district is required to publish an annual report on its website, detailing the goals and objectives achieved, the performance measures and standards used, and any goals or objectives that were not achieved.
District Management has identiﬁed the following key categories to focus on for Fiscal Year 2025 and develop statutorily compliant goals for each:
Community Communication and Engagement
Infrastructure and Facilities Maintenance
Financial Transparency and Accountability
Additionally, special districts must provide an annual reporting form to share with the public that reﬂects whether the goals & objectives were met for the year. District Management has streamlined these requirements into a single document that meets both the statutory requirements for goal/objective setting and annual reporting.
The proposed goals/objectives and the annual reporting form are attached as exhibit A to this memo. District Management recommends that the Board of Supervisors adopt these goals and objectives to maintain compliance with HB7013 and further enhance their commitment to the accountability and transparency of the District.

Exhibit A:
Goals, Objectives and Annual Reporting Form
VillaMar Community Development District Performance Measures/Standards & Annual Reporting Form
October 1, 2024 – September 30, 2025

 Community Communication and Engagement
Goal 1.1: Public Meetings Compliance
Objective: Hold at least three regular Board of Supervisor meetings per year to conduct CDD related business and discuss community needs.
Measurement: Number of public board meetings held annually as evidenced by meeting minutes and legal advertisements.
Standard: A minimum of three board meetings were held during the Fiscal Year.
Achieved: Yes ☐ No ☐

Goal 1.2: Notice of Meetings Compliance
Objective: Provide public notice of each meeting in accordance with Florida Statutes, using at least two communication methods.
Measurement: Timeliness and method of meeting notices as evidenced by posting to CDD website, publishing in local newspaper and via electronic communication.
Standard: 100% of meetings were advertised in accordance with Florida Statutes, on at least two mediums (i.e., newspaper, CDD website, electronic communications). Achieved: Yes ☐ No ☐

Goal 1.3: Access to Records Compliance
Objective: Ensure that meeting minutes and other public records are readily available and easily accessible to the public by completing monthly CDD website checks.
Measurement: Monthly website reviews will be completed to ensure meeting minutes and other public records are up to date as evidenced by District Management’s records.
Standard: 100% of monthly website checks were completed by District Management.
Achieved: Yes ☐ No ☐
 Infrastructure and Facilities Maintenance
Goal 2.1: Field Management and/or District Management Site Inspections
Objective: Field manager and/or district manager will conduct inspections per District Management services agreement to ensure safety and proper functioning of the District’s infrastructure.
Measurement: Field manager and/or district manager visits were successfully completed per management agreement as evidenced by ﬁeld manager and/or district manager’s reports, notes or other record keeping method.
Standard: 100% of site visits were successfully completed as described within district management services agreement
Achieved: Yes ☐ No ☐

Goal 2.2: District Infrastructure and Facilities Inspections
Objective: District Engineer will conduct an annual inspection of the District’s infrastructure and related systems.
Measurement: A minimum of one inspection completed per year as evidenced by district engineer’s report related to district’s infrastructure and related systems.
Standard: Minimum of one inspection was completed in the Fiscal Year by the district’s engineer.
Achieved: Yes ☐ No ☐
 Financial Transparency and Accountability
Goal 3.1: Annual Budget Preparation
Objective: Prepare and approve the annual proposed budget by June 15 and ﬁnal budget was adopted by September 30 each year.
Measurement: Proposed budget was approved by the Board before June 15 and ﬁnal budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records.
Standard: 100% of budget approval & adoption were completed by the statutory deadlines and posted to the CDD website.
Achieved: Yes ☐ No ☐
Goal 3.2: Financial Reports
Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit, current ﬁscal year budget with any amendments, and most recent ﬁnancials within the latest agenda package.
Measurement: Annual audit, previous years’ budgets, and ﬁnancials are accessible to the public as evidenced by corresponding documents on the CDD’s website.
Standard: CDD website contains 100% of the following information: Most recent annual audit, most recent adopted/amended ﬁscal year budget, and most recent agenda package with updated ﬁnancials.
Achieved: Yes ☐ No ☐
Goal 3.3: Annual Financial Audit
Objective: Conduct an annual independent ﬁnancial audit per statutory requirements and publish the results to the CDD website for public inspection and transmit to the State of Florida.
Measurement: Timeliness of audit completion and publication as evidenced by meeting minutes showing board approval and annual audit is available on the CDD’s website and transmitted to the State of Florida.
Standard: Audit was completed by an independent auditing ﬁrm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida.
Achieved: Yes ☐ No ☐

Chair/Vice Chair:		Date:	 Print Name:	 
VillaMar Community Development District

District Manager:		Date:	 Print Name:	 
VillaMar Community Development District

Section VIII

VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT CITY OF WINTER HAVEN, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023
VILLAMAR COMMUNITY DEVELOPMENT DISTRICT CITY OF WINTER HAVEN, FLORIDA

TABLE OF CONTENTS

	Page	
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet – Governmental Funds		
to the Statement of Net Position	10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Notes to Financial Statements	13-22	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
23	
Notes to Required Supplementary Information	24	
OTHER INFORMATION		
Data Elements required by FL Statute 218.39 (3) (c)	25	
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	

26-27	
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	

28	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
29-30	

INDEPENDENT AUDITOR’S REPORT
To the Board of Supervisors
VillaMar Community Development District City of Winter Haven, Florida
951 Yamato Road ▪ Suite 280 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities and each major fund of VillaMar Community Development District, City of Winter Haven, Florida (“District”) as of and for the fiscal year ended September 30, 2023, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2023, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated May 29, 2024, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

May 29, 2024
MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of VillaMar Community Development District, City of Winter Haven, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2023. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.
FINANCIAL HIGHLIGHTS

The assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $11,446,767.

The change in the District’s total net position in comparison with the prior fiscal year was $ 7,536,866, an increase. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2023, the District’s governmental fund reported combined ending fund balance of $1,311,154, a decrease of ($95,945) in comparison with the prior fiscal year. The fund balance is nonspendable for prepaids, restricted for debt service and unassigned fund balance deficit in the capital projects fund and unassigned fund balance in the general fund.
OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District’s financial statements. The District’s basic financial statements are comprised of three components: 1) government- wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by assessments and Developer contributions. The District does not have any business-type activities. The governmental activities of the District include the general government (management), maintenance and recreation functions.
Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: governmental funds.

Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balance provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains three governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund and capital projects fund, all of which are considered major funds.

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to the Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

GOVERNMENT-WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, assets exceeded liabilities at the close of the most recent fiscal year.

Key components of the District’s net position are reflected in the following table:
NET POSITION
SEPTEMBER	30,
2023	
2022	
Current and other assets	$	4,703,843	$  1,887,107	
Capital assets, net of depreciation	37,308,330	23,477,143	
Total assets	42,012,173	25,364,250	
Current liabilities	3,249,369	1,288,669	
Long-term liabilities	27,316,037	20,165,680	
Total liabilities	30,565,406	21,454,349	
Net position
Net investment in capital assets	
9,753,832	
3,756,901	
Restricted	1,577,046	99,960	
Unrestricted	115,889	53,040	
Total net position	$ 11,446,767	$  3,909,901	

The District’s net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure) less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

The restricted portion of the District’s net position represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position may be used to meet the District’s other obligations.

The District’s net position increased during the most recent fiscal year. The majority of the increase is the result of an increase in Developer contributions for infrastructure improvements.

Key elements of the change in net position are reflected in the following table:
CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
	2023	2022	
Revenues:			
Program revenues			
Charges for services	$	2,152,701	$  1,414,858	
Operating grants and contributions	73,650	6,988	
Capital grants and contributions	7,405,063	3,191,610	
General revenues			
Miscellaneous income	60	28	
Investment earnings	-	4,959	
Total revenues	9,631,474	4,618,443	
Expenses:			
General government	124,488	126,855	
Maintenance and operations	611,501	416,064	
Conveyance of infrastructure	-	1,765,032	
Recreation	59,962	71,442	
Bond issue costs	341,675	-	
Interest	956,982	1,045,549	
Total expenses	2,094,608	3,424,942	
Change in net position	7,536,866	1,193,501	
Net position - beginning	3,909,901	2,716,400	
Net position - ending	$ 11,446,767	$  3,909,901	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2023 was $2,094,608. The costs of the District’s activities were primarily funded by program revenues. During the current fiscal year, program revenues were of assessments and Developer contributions toward the construction projects of the District. The District also received funds from investment earnings which are included in program revenues. The increase in program revenues is primarily the result of the increase in Developer contributions. The majority of prior fiscal year expenses related to conveyances of completed infrastructure to other entities which did not occur in the current year.
GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors.

Capital Assets
At September 30, 2023, the District had $37,763,071 invested in capital assets. In the government-wide financial statements depreciation of $454,741 has been taken, which resulted in a net book value of
$37,308,330. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt
At September 30, 2023, the District had $27,300,000 Bonds outstanding and $79,076 in notes payable. More detailed information about the District’s capital debt is presented in the notes of the financial statements.
ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS

Subsequent to fiscal year end, the District issued $8,700,000 of Series 2024 Bonds, consisting of multiple term bonds with due dates ranging from May 1, 2031 – May 1, 2054 and fixed interest rates ranging from 4.625% to 5.750%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District.
CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the VillaMar Community Development District, City of Winter Haven, Florida’s Finance Department at 219 E. Livingston Street, Orlando, Florida, 32801.
VILLAMAR COMMUNITY DEVELOPMENT DISTRICT CITY OF WINTER HAVEN, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2023

	Governmental
	Activities		
ASSETS		
Cash and cash equivalents	$	134,022	
Due from Developer	2,373,063	
Assessments receivable	3,669	
Prepaid items	2,475	
Restricted assets:		
Investments	2,190,614	
Capital assets:		
Nondepreciable	31,234,485	
Depreciable, net		6,073,845 	
Total assets		42,012,173 	
LIABILITIES		
Accounts payable	21,156	
Contracts and retainage payable	2,767,588	
Accrued interest payable	460,625	
Non-current liabilities:		
Due within one year	505,000	
Due in more than one year		26,811,037 	
Total liabilities		30,565,406 	
NET POSITION		
Net investment in capital assets	9,753,832	
Restricted for debt service	1,577,046	
Unrestricted		115,889 	
Total net position	 $	11,446,767 	

See notes to the financial statements
VILLAMAR COMMUNITY DEVELOPMENT DISTRICT CITY OF WINTER HAVEN, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

		

Program Revenues	Net (Expense) Revenue and Changes in Net
Position			
	Charges	Operating Grants	Capital			
	for	and	Grants and	Governmental			
Functions/Programs	Expenses	Services	Contributions	Contributions	Activities		
Primary government:						
Governmental activities:						
General government	$	124,488	$	124,488	$	16,478	$	-	$	16,478		
Maintenance and operations	611,501	454,776	-	7,405,063	7,248,338		
Recreation	59,962	59,962	-	-	-		
Interest on long-term debt	956,982	1,513,475	57,172	-	613,665		
Bond issue costs	341,675	-	-	-	(341,675)	
Total governmental activities	2,094,608	2,152,701	73,650	7,405,063	7,536,806	

General revenues:
Miscellaneous income		60 
Total general revenues			60  Change in net position		7,536,866
Net position - beginning		3,909,901 
Net position - ending	 $	11,446,767 

See notes to the financial statements
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2023

	Major Funds		Total

ASSETS
Debt
General	Service
Capital Projects
Governmental Funds

Cash and cash equivalents	$	133,252	$	-	$	770	$	134,022	
Investments	-	2,035,320	155,294	2,190,614	
Due from Developer	-	-	2,373,063	2,373,063	
Assessments receivable	1,318	2,351	-	3,669	
Prepaid items	2,475	-	-	2,475	
Total assets	 $	137,045	$  2,037,671	$ 2,529,127	$	4,703,843 					

LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES
Liabilities:
Accounts payable	

$	21,156	

$	

-	$	-	

$	21,156	
Contracts and retainage payable	-	-	2,767,588	2,767,588	
Total liabilities	21,156	-	2,767,588	2,788,744	

Deferred inflows of resources:
Unavailable revenue - Developer	-	-	603,945	603,945	
Total deferred inflows of resources	-	-	603,945	603,945	

Fund balances:
Nonspendable:
Prepaid items Restricted for:
Debt service		2,475

-		-

2,037,671		-

-		2,475

2,037,671	
Unassigned		113,414		-		(842,406)		(728,992)	
Total fund balances		115,889		2,037,671		(842,406)		1,311,154	
Total liabilities, deferred inflows of resources, and fund balances	

$	

137,045	

$	

2,037,671	

$	

2,529,127	

$	

4,703,843	

See notes to the financial statement
RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2023

Total fund balances - governmental funds	$	1,311,154

Amounts reported for governmental activities in the statement of net position are different because:

Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets, net of any accumulated depreciation, in the net position of the government as a whole.
Cost of capital assets	37,763,071
Accumulated depreciation	   (454,741)   37,308,330

Assets	recorded  in  the  governmental  fund  financial
statements that are not available to pay for current-period expenditures are unavailable revenue in the governmental		
funds.	603,945	
Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund statements. All liabilities, both current and long-term, are reported in the government-wide financial statements.
Accrued interest payable	

(460,625)	
Bonds payable	  (27,316,037)   (27,776,662)

Net position of governmental activities	 $ 11,446,767 

See notes to the financial statement
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

	Major Funds		Total

REVENUES
Debt
General	Service
Capital Projects
Governmental Funds

Special assessments	$	639,226	$	1,513,475	$	-	$  2,152,701		
Developer contributions	16,478	-	6,196,098	6,212,576	
Miscellaneous income	60	-	-	60	
Interest earnings	-	57,172	26,922	84,094	
Total revenues	655,764	1,570,647	6,223,020	8,449,431	

EXPENDITURES
Current:
General government	124,293	-	195	124,488	
Maintenance and operations	397,170	-	-	397,170	
Recreation Debt service:
Principal	38,945

15,924	

580,000	

-	38,945

595,924	
Interest	16,583	847,282	-	863,865	
Bond issuance costs	-	-	341,675	341,675	
Capital outlay	-	-	14,066,535	14,066,535	
Total expenditures	592,915	1,427,282	14,408,405	16,428,602	

Excess (deficiency) of revenues over (under) expenditures	

62,849	

143,365	

(8,185,385)	

(7,979,171)	

OTHER FINANCING SOURCES (USES)
Transfers in (out)	

-	

(124,913)	

124,913	

-	
Bond issuance	-	721,927	7,218,073	7,940,000	
Original issue discount	-	-	(56,774)	(56,774)	
Total other financing sources (uses)	-	597,014	7,286,212	7,883,226	

Net change in fund balances	
62,849	
740,379	
(899,173)	
(95,945)	
Fund balances - beginning	53,040	1,297,292.00	56,767.00	1,407,099	

Fund balances - ending	
$	115,889	
$	2,037,671	
$	(842,406)	
$  1,311,154	

See notes to the financial statements
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

Net change in fund balances - total governmental funds	$ Amounts reported for governmental activities in the statement of activities
(95,945)

Governmental funds report the face amount of Bonds issued as financial resources when debt is first issued, whereas these amounts are eliminated in the statement of activities and recognized as long-term liabilities in the statement of net position.
In connection with the issuance of the Bonds, the original issue discount/premium is reported as a financing use/source when debt is first issued, whereas this amount is eliminated in the statement of activities and reduces/increases long-term liabilities in the statement of net position.
Amortization of Bond discounts/premiums is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of activities.
Repayment of long-term liabilities are reported as expenditures in the governmental fund financial statements, but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.

The change in accrued interest on long-term liabilities between the current and prior fiscal years is recorded in the statement of activities, but not in the governmental fund financial statements.
Depreciation of capital assets is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of activities.
Change in net position of governmental activities

(7,940,000)

56,774

(232)

595,924

(92,885)

	(235,348)
 $	7,536,866 

See notes to the financial statements
NOTES TO FINANCIAL STATEMENTS NOTE 1 - NATURE OF ORGANIZATION AND REPORTING ENTITY
VillaMar Community Development District (the "District") was established by the Board of Commissioners of the City of Winter Haven, Florida under Ordinance Nos. O-18-70, as amended by Ordinance Nos. O- 20-40, O-21-32, and O-22-28 dully enacted on November 26, 2018, October 26, 2020, April 12, 2021, and November 28, 2022, respectively (collectively, the “Ordinance”). The Ordinance was adopted pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.
The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected on an at large basis by the owners of the property within the District. The Board exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2023, all five Board members are affiliated with Clayton Properties Group, Inc or Cassidy Land Development, LLC (the “major landowners”). However, VMar Dev, LLC is the Developer of the District (hereafter, the “Developer”).

The Board has the responsibility for:
Allocating and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.
The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

Government-Wide and Fund Financial Statements (Continued)
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include: 1) charges to customers who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment; operating- type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Assessments
Assessments are non-ad valorem assessments on benefited property within the District. Operating and maintenance assessments are based upon the adopted budget and levied annually at a public hearing of the District. Debt service assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection under Florida Statutes. Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by the County Tax Collector on November 1 and due on or before March 31 of each year. Property owners may prepay a portion or all of the debt service assessments on their property subject to various provisions in the Bond documents.

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District reports the following major governmental fund:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.
Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued)
As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.
When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Assets, Liabilities and Net Position or Equity
Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.
Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:
The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.
Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.
Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.
Capital Assets (Continued)
Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:

Assets	Years	
Buildings and improvements	30	
Improvements other than buildings	30	
Infrastructure	30	
Equipment	5	

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.
Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.
In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.
Fund Equity/Net Position (Continued)
The District can establish limitations on the use of fund balance as follows:

Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.
Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District’s Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

Other Disclosures
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.

NOTE 3 - BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end.
The District follows these procedures in establishing the budgetary data reflected in the financial statements.

Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
Public hearings are conducted to obtain comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriations for annually budgeted funds lapse at the end of the year.
The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.
Investments
The District’s investments were held as follows at September 30, 2023:

Amortized Cost	Credit Risk	Maturities
First American Treasury	Weighted average of the
Obligation Fd Cl Y
$	2,190,614
$	2,190,614
S&P AAAm
fund portfolio: 15 days

Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.

Concentration risk – The District places no limit on the amount the District may invest in any one issuer.

Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.
However, the Bond Indenture limits the type of investments held using unspent proceeds.

Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.
These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1:	Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.
The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. Accordingly, the District’s investments have been reported at amortized cost above.

Fund	Transfer in	Transfer out	
Debt service	$	-	$	124,913	
Capital projects	124,913	-	
Total	$	124,913	$	124,913	
Transfers are used to move revenues from the fund where collection occurs to the fund where funds have been reallocated for use. In the case of the District, transfers from the debt service fund to the capital projects fund were made in accordance with the Bond Indentures.

NOTE 6 – CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2023 was as follows:
Beginning

Ending

Governmental activities
Balance
Additions	Reductions
Balance

Capital assets, not being depreciated
Inf rastructure under construction	
$  17,167,950	
$  14,066,535	
$	-	$  31,234,485		
Total capital assets, not being depreciated	17,167,950	14,066,535	-	31,234,485		

Capital assets, being depreciated					
Buildings and improvements	503,609	-	-	503,609	
Improvements other than buildings	1,918,512	-	-	1,918,512	
Inf rastructure	4,000,097	-	-	4,000,097	
Equipment	106,368	-	-	106,368	
Total capital assets, being depreciated	6,528,586	-	-	6,528,586	

Less accumulated depreciation f or: Buildings and improvements	

16,787	

16,787	

-	

33,574	
Improvements other than buildings	63,950	63,950	-	127,900	
Inf rastructure	133,337	133,337	-	266,674	
Equipment	5,319	21,274	-	26,593	
Total accumulated depreciation	219,393	235,348	-	454,741		

Total capital assets being depreciated, net	
6,309,193	
(235,348)	
-	6,073,845		

Governmental activities capital assets, net	
$  23,477,143	
$  13,831,187	
$	-	$  37,308,330		

The infrastructure intended to serve the District has been estimated at a total cost of approximately $67.5 million and is being built in phases. The infrastructure will include roadways, stormwater facilities, water and sewer systems, and land improvements. In addition, the project will include parks and recreational facilities. A portion of the project costs is expected to be financed with the proceeds from the issuance of Bonds with the remainder to be funded by the Developer and major landowners and conveyed to the District. Upon completion, certain improvements are to be conveyed to others for ownership and maintenance responsibilities.
For the current fiscal year, the District reported a total of $7,394,619 of contributions from the Developer and the major landowners which includes a receivable of $2,373,063 at September 30, 2023. Additionally, the District reimbursed the Developer a total of $1,527,894 for construction cost the Developer had paid on behalf of the District.

Series	Issuance Date	Par Amount	Interest Rate (%)	Interest Paym ents
Commencing	Principal Paym ents
Commencing	Maturity Date	
2019	6/25/2019	$	7,180,000	3.75 - 4.875	11/1/2019	5/1/2021	5/1/2050	
2020	11/24/2020	6,500,000	2.625 - 4.000	5/1/2021	5/1/2022	5/1/2051	
2022 Phase 3	3/18/2022	3,040,000	3.125 - 4.000	11/1/2022	11/1/2022	11/1/2051	
2022 Phase 4	3/18/2022	4,295,000	3.250 - 4.125	11/1/2022	5/1/2023	5/1/2052	
2023	6/15/2023	7,940,000	4.875 - 5.750	11/1/2023	5/1/2024	5/1/2053	
The bonds consist of multiple term bonds and they were issued to finance the acquisition and construction of certain improvements for the benefit of the District. For all the bonds, interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing on the dates shown above.

The Bonds are subject to redemption at the option of the District prior to maturity. The Bonds are subject to extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. This occurred during the current fiscal year as the District collected prepaid assessments and prepaid $20,000 of the Series 2019 Bonds and
$135,000 of the Series 2022 Phase 3 Bonds.
The Bond Indentures established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. Upon satisfaction of certain conditions, a portion of the original reserve requirements will be released to the Developer for construction costs paid on behalf of the District; this did not occur during the current fiscal year. The District was in compliance with the requirements at September 30, 2023.

Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2023 were as follows:

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Governmental activities						
Bonds payable:						
Series 2019	$	6,230,000	$	-	$	135,000	$  6,095,000	$	120,000	
Less: original issue discount	(6,497)	-	232	(6,265)		
Series 2020	6,375,000	-	130,000	6,245,000	135,000	
Series 2022 A3	3,040,000	-	235,000	2,805,000	60,000	
Series 2022 A4	4,295,000	-	80,000	4,215,000	80,000	
Series 2023 A5	-	7,940,000	-	7,940,000	110,000	
Less: original issue discount	-	(56,774)	-	(56,774)		
Direct borrow ings:						
Developer advances	578,098	-	578,098	-		
Note payable - financed equipment	95,000	-	15,924	79,076		
Total	$  20,606,601	$	7,883,226	$ 1,174,254	$ 27,316,037	$	505,000	

Long-term Debt Activity (Continued)
At September 30, 2023, the scheduled debt service requirements on the long-term debt were as follows:
Year ending September 30:
Governmental Activities

Principal	Interest	Total
2024	$	505,000	$  1,184,633	$	1,689,633	
2025	520,000	1,221,169	1,741,169	
2026	540,000	1,202,381	1,742,381	
2027	555,000	1,182,051	1,737,051	
2028	580,000	1,161,039	1,741,039	
2029-2033	3,275,000	5,437,156	8,712,156	
2034-2038	4,060,000	4,650,813	8,710,813	
2039-2043	5,105,000	3,637,038	8,742,038	
2044-2048	6,460,000	2,320,838	8,780,838	
2049-2053	5,700,000	713,569	6,413,569	
	$ 27,300,000	$ 22,710,687	$ 50,010,687	
NOTE 8 – FINANCED PURCHASE AGREEMENT
At September 30, 2023, the District had the following financed purchase agreements:

Equipment	Monthly
Paym ent	Expiration
Date	
Fitness	$1,078.86	2/1/2026	
Cantilever shades	1,396.07	11/1/2027	
The scheduled payments for years ending after September 30, 2023 are as follows:
Year ending September 30:
Governmental Activities

Principal	Interest	Total
2024	$	19,872	$	9,828	$	29,700	
2025	22,839	6,860	29,699	
2026	18,416	3,719	22,135	
2027	15,192	1,561	16,753	
2028	2,757	48	2,805	
	$	79,076	$	22,016	$	101,092	
NOTE 9 – DEVELOPER TRANSACTIONS

The Developer owns a portion of land within the District; therefore, assessment revenues in the general and debt service funds include the assessments levied on those lots owned by the Developer. Additionally, the Developer contributed a total of $16,478 toward the boundary amendment costs of the District.

NOTE 10 - CONCENTRATION

The District’s activity is dependent upon the continued involvement of the Developer and major landowners, the loss of which could have a material adverse effect on the District’s operations.
NOTE 11 - MANAGEMENT COMPANY

The District has contracted with a management company to perform services which include financial and accounting advisory services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

As of September 30, 2023, the District had an open contract for construction projects which totaled approximately $7.9 million, of which approximately $3.2 million was uncompleted at September 30, 2023.
NOTE 13 - RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations.
NOTE 14 – SUBSEQUENT EVENTS

Bond Issuance
Subsequent to fiscal year end, the District issued $8,700,000 of Series 2024 Bonds, consisting of multiple term bonds with due dates ranging from May 1, 2031 – May 1, 2054 and fixed interest rates ranging from 4.625% to 5.750%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District.
Developer reimbursement
Subsequent to fiscal year end, the District reimbursed the Developer a total of $344,981 with Series 2024 proceeds.
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

	
Budgeted
	Amounts	 Original and Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)	

REVENUES
Assessments	

$	635,169	

$	639,226	

$	4,057	
Developer contributions	-	16,478	16,478	
Miscellaneous	-	60	60	
Total revenues	635,169	655,764	20,595	

EXPENDITURES
Current:
General government	149,691	124,293	25,398	
Maintenance and operations	269,127	397,170	(128,043)	
Parks and recreation	135,180	38,945	96,235	
Debt service:
Principal	
15,000	
15,924	
(924)	
Interest	20,000	16,583	3,417	
Total expenditures	588,998	592,915	(3,917)	
Excess (deficiency) of revenues over (under) expenditures	

46,171	

62,849	

16,678	

OTHER FINANCING SOURCES (USES)
Capital reserves	

(46,171)	

-	

46,171	
Total other financing sources (uses)	(46,171)	-	46,171	

Net change in fund balances	
 $	-		
62,849	
 $	62,849 	
Fund balance - beginning			53,040 		
Fund balance - ending		 $	115,889 		

See notes to required supplementary information
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors.
OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023 UNAUDITED

Element	Com m ents
Number of District employees compensated in the last pay period of the
District’s fiscal year being reported.	0	
Number of independent contractors compensated to w hom nonemployee
compensation w as paid in the last month of the District’s fiscal year being reported.	
0	
Employee compensation	$0	
Independent contractor compensation	$0	
Construction projects to begin on or after October 1; ($65K)	Not applicable	

Budget variance report	See the Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and
Actual - General Fund	
Ad Valorem taxes	Not applicable	
		
Non ad valorem special assessments		
Special assessment rate	Operations and maintenance - $750 - $756.84
Debt service - $1,303.76 - $1,451.61	
Special assessments collected	$2,152,701.00	
Outstanding Bonds:	see Note 7 for details	
951 Yamato Road ▪ Suite 280 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
VillaMar Community Development District City of Winter Haven, Florida
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of VillaMar Community Development District, City of Winter Haven, Florida (“District”) as of and for the fiscal year ended September 30, 2023, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated May 29, 2024.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

May 29, 2024

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA
To the Board of Supervisors
VillaMar Community Development District City of Winter Haven, Florida
We have examined VillaMar Community Development District, City of Winter Haven, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2023. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2023.
This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Supervisors of VillaMar Community Development District, City of Winter Haven, Florida and is not intended to be and should not be used by anyone other than these specified parties.

May 29, 2024

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA
To the Board of Supervisors
VillaMar Community Development District City of Winter Haven, Florida
Report on the Financial Statements

We have audited the accompanying basic financial statements of VillaMar Community Development District, City of Winter Haven, Florida ("District") as of and for the fiscal year ended September 30, 2023, and have issued our report thereon dated May 29, 2024.
Auditor’s Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.
Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated May 29, 2024, should be considered in conjunction with this management letter.
Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:
Current year findings and recommendations.
Status of prior year findings and recommendations.
Compliance with the Provisions of the Auditor General of the State of Florida.

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of VillaMar Community Development District, City of Winter Haven, Florida and is not intended to be and should not be used by anyone other than these specified parties.
We wish to thank Gardens at VillaMar Community Development District, City of Winter Haven, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

May 29, 2024
REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS
None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None
COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

Unless otherwise required to be reported in the auditor’s report on compliance and internal controls, the management letter shall include, but not be limited to the following:

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.
There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2022.
Any recommendations to improve the local governmental entity's financial management.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2023.
Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2023.
The name or official title and legal authority of the District are disclosed in the notes to the financial statements.
The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.
We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2023. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 25.

Section IX

Section A

REBATE REPORT
$3,040,000
VillaMar Community Development District
(City of Winter Haven, Florida) Special Assessment Bonds, Series 2022 (Phase 3 Project)

Dated: March 18, 2022
Delivered: March 18, 2022

Rebate Report to the Computation Date March 18, 2025
Reflecting Activity To April 30, 2024

TABLE OF CONTENTS

AMTEC Opinion	3	
Summary of Rebate Computations	4	
Summary of Computational Information and Definitions	5	
Methodology	7	
Sources and Uses	8	
Proof of Arbitrage Yield	9	
Bond Debt Service Schedule	11	
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Account	13	
Arbitrage Rebate Calculation Detail Report – Costs of Issuance Account	14	
Arbitrage Rebate Calculation Detail Report – Reserve Account	15	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	16	

June 6, 2024

VillaMar Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$3,040,000 VillaMar Community Development District (City of Winter Haven, Florida),
Special Assessment Bonds, Series 2022, (Phase 3 Project)	

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the VillaMar Community Development District (the “District”).
The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of March 18, 2025, the Computation Date. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	Trong M. Tran
Assistant Vice President	
SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the March 18, 2025 Computation Date
Reflecting Activity from March 18, 2022 through April 30, 2024

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Account	0.000000%	0.00	0.00	
Costs of Issuance Account	0.008572%	0.01	(5.10)	
Reserve Account	3.521121%	6,248.89	(785.94)	
Totals	3.518730%	$6,248.90	$(791.04)	
Bond Yield	3.935120%			
Rebate Computation Credits	(4,271.13)			
Net Rebatable Arbitrage	$(5,062.17)			

Based upon our computations, no rebate liability exists.
SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from March 18, 2022, the date of the closing, to April 30, 2024, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of March 18, 2025.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between March 18, 2022 and April 30, 2024, the District made periodic payments into the Interest, Sinking and Prepayment Accounts (collectively, the “Debt Service Fund”) that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

In accordance with Page B-1 of the Arbitrage and Tax Certificate, Exhibit B (Arbitrage Rebate Covenants) the first (initial) Computation Date must be within 60 days of the end of the third Bond Year. After the first required payment date (Computation Date) the District must consistently treat either the last day of each Bond Year or the last day of each fifth Bond Year as the (subsequent) Computation Date(s). Therefore, for purposes of the arbitrage calculation, the first Computation Date is March 18, 2025.

DEFINITIONS

Computation Date
March 18, 2025.

Computation Period
The period beginning on March 18, 2022, the date of the closing, and ending on April 30, 2024.
Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.

Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

Accounts	Account Number	
Revenue	255242000	
Interest	255242001	
Sinking	255242002	
Reserve	255242003	
Prepayment	255242004	
Acquisition & Construction	255242005	
METHODOLOGY
Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of April 30, 2024, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to March 18, 2025. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on March 18, 2025, is the Rebatable Arbitrage.
$3,040,000
VillaMar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2022 (Phase 3 Project)
Delivered: March 18, 2022

Par Amount	$3,040,000.00	
Total	$3,040,000.00	

Acquisition & Construction Account	$2,804,447.16	
Costs of Issuance Account	87,552.84	
Reserve Account	87,200.00	
Underwriter’s Discount	60,800.00	
Total	$3,040,000.00	

PROOF OF ARBITRAGE YIELD
$3,040,000
Villamar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2022 (Phase 3 Project)

Date	

Debt Service	Present Value to 03/18/2022
@ 3.9351199667%	
11/01/2022	171,929.11	167,828.57	
05/01/2023	56,496.88	54,085.26	
11/01/2023	116,496.88	109,372.14	
05/01/2024	55,559.38	51,154.97	
11/01/2024	115,559.38	104,345.47	
05/01/2025	54,621.88	48,369.66	
11/01/2025	119,621.88	103,885.50	
05/01/2026	53,606.25	45,655.99	
11/01/2026	118,606.25	99,066.73	
05/01/2027	52,590.63	43,079.10	
11/01/2027	117,590.63	94,464.57	
05/01/2028	51,575.00	40,632.49	
11/01/2028	121,575.00	93,932.62	
05/01/2029	50,350.00	38,151.32	
11/01/2029	120,350.00	89,432.26	
05/01/2030	49,125.00	35,800.46	
11/01/2030	124,125.00	88,712.19	
05/01/2031	47,812.50	33,512.24	
11/01/2031	122,812.50	84,419.46	
05/01/2032	46,500.00	31,346.64	
11/01/2032	126,500.00	83,630.84	
05/01/2033	45,100.00	29,240.88	
11/01/2033	125,100.00	79,544.33	
05/01/2034	43,500.00	27,125.59	
11/01/2034	128,500.00	78,583.43	
05/01/2035	41,800.00	25,069.29	
11/01/2035	131,800.00	77,520.97	
05/01/2036	40,000.00	23,072.88	
11/01/2036	130,000.00	73,539.91	
05/01/2037	38,200.00	21,192.45	
11/01/2037	133,200.00	72,470.27	
05/01/2038	36,300.00	19,368.69	
11/01/2038	136,300.00	71,322.65	
05/01/2039	34,300.00	17,602.07	
11/01/2039	139,300.00	70,106.56	
05/01/2040	32,200.00	15,892.84	
11/01/2040	142,200.00	68,830.85	
05/01/2041	30,000.00	14,241.07	
11/01/2041	140,000.00	65,175.97	
05/01/2042	27,800.00	12,692.36	
11/01/2042	142,800.00	63,938.67	
05/01/2043	25,500.00	11,197.31	
11/01/2043	145,500.00	62,657.69	
05/01/2044	23,100.00	9,755.76	
11/01/2044	148,100.00	61,339.80	
05/01/2045	20,600.00	8,367.44	
11/01/2045	150,600.00	59,991.29	
05/01/2046	18,000.00	7,031.92	
11/01/2046	153,000.00	58,617.95	
05/01/2047	15,300.00	5,748.69	
11/01/2047	155,300.00	57,225.10	
05/01/2048	12,500.00	4,517.14	
11/01/2048	157,500.00	55,817.66	
05/01/2049	9,600.00	3,336.57	
11/01/2049	164,600.00	56,104.39	

PROOF OF ARBITRAGE YIELD
$3,040,000
Villamar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2022 (Phase 3 Project)

Date	

Debt Service	Present Value to 03/18/2022
@ 3.9351199667%	
05/01/2050	6,500.00	2,172.79	
11/01/2050	166,500.00	54,582.98	
05/01/2051	3,300.00	1,060.95	
11/01/2051	168,300.00	53,064.37	
	5,155,604.15	3,040,000.00	
	
Proceeds Summary		

Delivery date	03/18/2022	
Par Value	3,040,000.00	
Target for yield calculation	3,040,000.00	

BOND DEBT SERVICE
$3,040,000
Villamar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2022 (Phase 3 Project)

Period Ending	Principal	Coupon	Interest	Debt Service	Annual Debt Service	
03/18/2022						
11/01/2022	100,000	3.125%	71,929.11	171,929.11	171,929.11	
05/01/2023			56,496.88	56,496.88		
11/01/2023	60,000	3.125%	56,496.88	116,496.88	172,993.76	
05/01/2024			55,559.38	55,559.38		
11/01/2024	60,000	3.125%	55,559.38	115,559.38	171,118.76	
05/01/2025			54,621.88	54,621.88		
11/01/2025	65,000	3.125%	54,621.88	119,621.88	174,243.76	
05/01/2026			53,606.25	53,606.25		
11/01/2026	65,000	3.125%	53,606.25	118,606.25	172,212.50	
05/01/2027			52,590.63	52,590.63		
11/01/2027	65,000	3.125%	52,590.63	117,590.63	170,181.26	
05/01/2028			51,575.00	51,575.00		
11/01/2028	70,000	3.500%	51,575.00	121,575.00	173,150.00	
05/01/2029			50,350.00	50,350.00		
11/01/2029	70,000	3.500%	50,350.00	120,350.00	170,700.00	
05/01/2030			49,125.00	49,125.00		
11/01/2030	75,000	3.500%	49,125.00	124,125.00	173,250.00	
05/01/2031			47,812.50	47,812.50		
11/01/2031	75,000	3.500%	47,812.50	122,812.50	170,625.00	
05/01/2032			46,500.00	46,500.00		
11/01/2032	80,000	3.500%	46,500.00	126,500.00	173,000.00	
05/01/2033			45,100.00	45,100.00		
11/01/2033	80,000	4.000%	45,100.00	125,100.00	170,200.00	
05/01/2034			43,500.00	43,500.00		
11/01/2034	85,000	4.000%	43,500.00	128,500.00	172,000.00	
05/01/2035			41,800.00	41,800.00		
11/01/2035	90,000	4.000%	41,800.00	131,800.00	173,600.00	
05/01/2036			40,000.00	40,000.00		
11/01/2036	90,000	4.000%	40,000.00	130,000.00	170,000.00	
05/01/2037			38,200.00	38,200.00		
11/01/2037	95,000	4.000%	38,200.00	133,200.00	171,400.00	
05/01/2038			36,300.00	36,300.00		
11/01/2038	100,000	4.000%	36,300.00	136,300.00	172,600.00	
05/01/2039			34,300.00	34,300.00		
11/01/2039	105,000	4.000%	34,300.00	139,300.00	173,600.00	
05/01/2040			32,200.00	32,200.00		
11/01/2040	110,000	4.000%	32,200.00	142,200.00	174,400.00	
05/01/2041			30,000.00	30,000.00		
11/01/2041	110,000	4.000%	30,000.00	140,000.00	170,000.00	
05/01/2042			27,800.00	27,800.00		
11/01/2042	115,000	4.000%	27,800.00	142,800.00	170,600.00	
05/01/2043			25,500.00	25,500.00		
11/01/2043	120,000	4.000%	25,500.00	145,500.00	171,000.00	
05/01/2044			23,100.00	23,100.00		
11/01/2044	125,000	4.000%	23,100.00	148,100.00	171,200.00	
05/01/2045			20,600.00	20,600.00		
11/01/2045	130,000	4.000%	20,600.00	150,600.00	171,200.00	
05/01/2046			18,000.00	18,000.00		
11/01/2046	135,000	4.000%	18,000.00	153,000.00	171,000.00	
05/01/2047			15,300.00	15,300.00		
11/01/2047	140,000	4.000%	15,300.00	155,300.00	170,600.00	
05/01/2048			12,500.00	12,500.00		
11/01/2048	145,000	4.000%	12,500.00	157,500.00	170,000.00	
05/01/2049			9,600.00	9,600.00		
11/01/2049	155,000	4.000%	9,600.00	164,600.00	174,200.00	

BOND DEBT SERVICE
$3,040,000
Villamar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2022 (Phase 3 Project)

Period Ending	Principal	Coupon	Interest	Debt Service	Annual Debt Service	
05/01/2050			6,500.00	6,500.00		
11/01/2050	160,000	4.000%	6,500.00	166,500.00	173,000.00	
05/01/2051			3,300.00	3,300.00		
11/01/2051	165,000	4.000%	3,300.00	168,300.00	171,600.00	
	3,040,000		2,115,604.15	5,155,604.15	5,155,604.15	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(3.935120%)	
03/18/22	Beg Bal	-2,804,447.16	-3,152,241.08	
03/18/22		2,804,447.16	3,152,241.08	
03/18/25	TOTALS:	0.00	0.00	

ISSUE DATE:	03/18/22	
REBATABLE ARBITRAGE:	
0.00		
COMP DATE:	03/18/25	NET INCOME:	0.00		
BOND YIELD: 3.935120%	TAX INV YIELD:	0.000000%		

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.935120%)

03/18/22	Beg Bal		-87,552.84	-98,410.72	
03/18/22	from P4	COI	-6,148.26	-6,910.74	
03/18/22			30,254.94	34,007.01	
03/18/22			12,433.54	13,975.49	
03/18/22			2,486.71	2,795.10	
03/18/22			725.29	815.24	
03/18/22			18,650.31	20,963.23	
03/18/22			18,650.31	20,963.23	
03/22/22			10,500.00	11,797.05	
05/12/22			0.01	0.01	
03/18/25	TOTALS:		0.01	-5.10	

ISSUE DATE:	
03/18/22	
REBATABLE ARBITRAGE:	
-5.10		
COMP DATE:	03/18/25	NET INCOME:	0.01		
BOND YIELD:	3.935120%	TAX INV YIELD:	0.008572%		

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.935120%)

03/18/22	Beg	Bal	-87,200.00	-98,014.12	
04/04/22			0.20	0.22	
05/03/22			0.43	0.48	
06/02/22			21.98	24.51	
07/05/22			50.20	55.78	
08/02/22			87.64	97.09	
09/02/22			132.01	145.77	
10/04/22			150.80	165.94	
11/02/22			197.52	216.70	
12/02/22			240.71	263.22	
01/04/23			271.95	296.36	
02/02/23			289.56	314.59	
03/02/23			277.54	300.56	
04/04/23			313.73	338.57	
05/01/23			1,500.00	1,614.05	
05/02/23			316.81	340.86	
06/02/23			338.73	363.26	
07/05/23			331.54	354.29	
08/01/23			5,350.00	5,700.98	
08/02/23			346.39	369.07	
09/05/23			337.21	358.01	
10/03/23			326.54	345.63	
11/01/23			2,850.00	3,007.53	
11/02/23			338.09	356.74	
12/04/23			316.32	332.61	
12/22/23			0.08	0.08	
01/03/24			326.76	342.51	
02/01/24			2,300.00	2,403.60	
02/02/24			325.19	339.80	
03/04/24			293.95	306.09	
04/02/24			313.56	325.53	
04/30/24	Bal		75,200.00	77,833.65	
04/30/24	Acc		303.45	314.08	
03/18/25	TOTALS:	6,248.89	-785.94		

ISSUE DATE:	03/18/22	
REBATABLE ARBITRAGE:	
-785.94			
COMP DATE:	03/18/25	NET INCOME:	6,248.89			
BOND YIELD: 3.935120%	TAX INV YIELD:	3.521121%			

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(3.935120%)	
03/18/23		-1,960.00	-2,118.87	
03/18/24		-2,070.00	-2,152.26	
03/18/25	TOTALS:	-4,030.00	-4,271.13	

ISSUE DATE:	03/18/22	REBATABLE ARBITRAGE: -4,271.13 COMP DATE:	03/18/25
BOND YIELD: 3.935120%

Section B
REBATE REPORT
$4,295,000
VillaMar Community Development District
(City of Winter Haven, Florida) Special Assessment Bonds, Series 2022 (Phase 4 Project)

Dated: March 18, 2022
Delivered: March 18, 2022

Rebate Report to the Computation Date March 18, 2025
Reflecting Activity To April 30, 2024

TABLE OF CONTENTS

AMTEC Opinion	3	
Summary of Rebate Computations	4	
Summary of Computational Information and Definitions	5	
Methodology	7	
Sources and Uses	8	
Proof of Arbitrage Yield	9	
Bond Debt Service Schedule	11	
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Account	13	
Arbitrage Rebate Calculation Detail Report – Interest Account	15	
Arbitrage Rebate Calculation Detail Report – Reserve Account	16	
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	17	

June 6, 2024

VillaMar Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$4,295,000 VillaMar Community Development District (City of Winter Haven, Florida), Special
Assessment Bonds, Series 2022, (Phase 4 Project)	

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the VillaMar Community Development District (the “District”).
The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled the next Report as of March 18, 2025, the Computation Date. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	Trong M. Tran
Assistant Vice President	
SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the March 18, 2025 Computation Date
Reflecting Activity from March 18, 2022 through April 30, 2024

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Account	0.510927%	2,488.03	(19,023.37)	
Interest Account	1.187191%	770.41	(2,036.32)	
Reserve Account	3.042605%	10,837.92	(3,804.97)	
Totals	1.545964%	$14,096.36	$(24,864.66)	
Bond Yield	4.033711%			
Rebate Computation Credits	(4,277.31)			
Net Rebatable Arbitrage	$(29,141.97)			

Based upon our computations, no rebate liability exists.
SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from March 18, 2022, the date of the closing, to April 30, 2024, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of March 18, 2025.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between March 18, 2022 and April 30, 2024, the District made periodic payments into the Interest, Sinking and Prepayment Accounts (collectively, the “Debt Service Fund”) that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

In accordance with Page B-1 of the Arbitrage and Tax Certificate, Exhibit B (Arbitrage Rebate Covenants) the first (initial) Computation Date must be within 60 days of the end of the third Bond Year. After the first required payment date (Computation Date) the District must consistently treat either the last day of each Bond Year or the last day of each fifth Bond Year as the (subsequent) Computation Date(s). Therefore, for purposes of the arbitrage calculation, the first Computation Date is March 18, 2025.

DEFINITIONS

Computation Date
March 18, 2025.

Computation Period
The period beginning on March 18, 2022, the date of the closing, and ending on April 30, 2024.
Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.

Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

Accounts	Account Number	
Revenue	232646000	
Interest	232646001	
Sinking	232646002	
Reserve	232646003	
Prepayment	232646004	
Acquisition & Construction	232646005	
METHODOLOGY
Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of April 30, 2024, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to March 18, 2025. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on March 18, 2025, is the Rebatable Arbitrage.
$4,295,000
VillaMar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2022 (Phase 4 Project)
Delivered: March 18, 2022

Par Amount	$4,295,000.00	
Total	$4,295,000.00	

Acquisition & Construction Account	$3,730,736.87	
Interest Account (Capitalized Interest)	104,840.97	
Costs of Issuance	123,697.16	
Reserve Account	249,825.00	
Underwriter’s Discount	85,900.00	
Total	$4,295,000.00	

PROOF OF ARBITRAGE YIELD
$4,295,000
Villamar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2022 (Phase 4 Project)

Date	

Debt Service	Present Value to 03/18/2022
@ 4.0337110846%	
11/01/2022	104,840.97	102,279.23	
05/01/2023	164,625.00	157,427.39	
11/01/2023	83,325.00	78,106.63	
05/01/2024	163,325.00	150,069.80	
11/01/2024	82,025.00	73,877.97	
05/01/2025	167,025.00	147,461.37	
11/01/2025	80,643.75	69,790.38	
05/01/2026	170,643.75	144,758.24	
11/01/2026	79,181.25	65,842.05	
05/01/2027	169,181.25	137,899.05	
11/01/2027	77,718.75	62,095.90	
05/01/2028	172,718.75	135,270.99	
11/01/2028	75,996.88	58,343.03	
05/01/2029	170,996.88	128,679.54	
11/01/2029	74,275.00	54,788.83	
05/01/2030	174,275.00	126,012.18	
11/01/2030	72,462.50	51,359.27	
05/01/2031	177,462.50	123,293.50	
11/01/2031	70,559.38	48,052.55	
05/01/2032	180,559.38	120,534.05	
11/01/2032	68,565.63	44,866.71	
05/01/2033	178,565.63	114,536.45	
11/01/2033	66,365.63	41,727.00	
05/01/2034	181,365.63	111,778.16	
11/01/2034	64,065.63	38,703.94	
05/01/2035	184,065.63	109,001.08	
11/01/2035	61,665.63	35,795.58	
05/01/2036	186,665.63	106,213.23	
11/01/2036	59,165.63	32,999.84	
05/01/2037	189,165.63	103,421.92	
11/01/2037	56,565.63	30,314.55	
05/01/2038	191,565.63	100,633.85	
11/01/2038	53,865.63	27,737.44	
05/01/2039	193,865.63	97,855.10	
11/01/2039	51,065.63	25,266.17	
05/01/2040	201,065.63	97,516.17	
11/01/2040	48,065.63	22,850.80	
05/01/2041	203,065.63	94,630.54	
11/01/2041	44,965.63	20,540.15	
05/01/2042	204,965.63	91,776.63	
11/01/2042	41,765.63	18,331.51	
05/01/2043	206,765.63	88,958.11	
11/01/2043	38,362.50	16,178.65	
05/01/2044	213,362.50	88,202.60	
11/01/2044	34,753.13	14,082.68	
05/01/2045	214,753.13	85,301.95	
11/01/2045	31,040.63	12,085.87	
05/01/2046	221,040.63	84,362.16	
11/01/2046	27,121.88	10,146.67	
05/01/2047	222,121.88	81,456.00	
11/01/2047	23,100.00	8,303.70	
05/01/2048	228,100.00	80,373.55	
11/01/2048	18,871.88	6,518.25	
05/01/2049	233,871.88	79,181.18	
11/01/2049	14,437.50	4,791.42	
05/01/2050	239,437.50	77,891.90	

PROOF OF ARBITRAGE YIELD
$4,295,000
Villamar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2022 (Phase 4 Project)

Date	

Debt Service	Present Value to 03/18/2022
@ 4.0337110846%	
11/01/2050	9,796.88	3,124.04	
05/01/2051	244,796.88	76,517.74	
11/01/2051	4,950.00	1,516.66	
05/01/2052	244,950.00	73,568.15	
	7,513,953.65	4,295,000.00	
	
Proceeds Summary		

Delivery date	03/18/2022	
Par Value	4,295,000.00	
Target for yield calculation	4,295,000.00	

BOND DEBT SERVICE
$4,295,000
Villamar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2022 (Phase 4 Project)

Period Ending	Principal	Coupon	Interest	Debt Service	Annual Debt Service	
03/18/2022						
11/01/2022			104,840.97	104,840.97		
05/01/2023	80,000	3.250%	84,625.00	164,625.00	269,465.97	
11/01/2023			83,325.00	83,325.00		
05/01/2024	80,000	3.250%	83,325.00	163,325.00	246,650.00	
11/01/2024			82,025.00	82,025.00		
05/01/2025	85,000	3.250%	82,025.00	167,025.00	249,050.00	
11/01/2025			80,643.75	80,643.75		
05/01/2026	90,000	3.250%	80,643.75	170,643.75	251,287.50	
11/01/2026			79,181.25	79,181.25		
05/01/2027	90,000	3.250%	79,181.25	169,181.25	248,362.50	
11/01/2027			77,718.75	77,718.75		
05/01/2028	95,000	3.625%	77,718.75	172,718.75	250,437.50	
11/01/2028			75,996.88	75,996.88		
05/01/2029	95,000	3.625%	75,996.88	170,996.88	246,993.76	
11/01/2029			74,275.00	74,275.00		
05/01/2030	100,000	3.625%	74,275.00	174,275.00	248,550.00	
11/01/2030			72,462.50	72,462.50		
05/01/2031	105,000	3.625%	72,462.50	177,462.50	249,925.00	
11/01/2031			70,559.38	70,559.38		
05/01/2032	110,000	3.625%	70,559.38	180,559.38	251,118.76	
11/01/2032			68,565.63	68,565.63		
05/01/2033	110,000	4.000%	68,565.63	178,565.63	247,131.26	
11/01/2033			66,365.63	66,365.63		
05/01/2034	115,000	4.000%	66,365.63	181,365.63	247,731.26	
11/01/2034			64,065.63	64,065.63		
05/01/2035	120,000	4.000%	64,065.63	184,065.63	248,131.26	
11/01/2035			61,665.63	61,665.63		
05/01/2036	125,000	4.000%	61,665.63	186,665.63	248,331.26	
11/01/2036			59,165.63	59,165.63		
05/01/2037	130,000	4.000%	59,165.63	189,165.63	248,331.26	
11/01/2037			56,565.63	56,565.63		
05/01/2038	135,000	4.000%	56,565.63	191,565.63	248,131.26	
11/01/2038			53,865.63	53,865.63		
05/01/2039	140,000	4.000%	53,865.63	193,865.63	247,731.26	
11/01/2039			51,065.63	51,065.63		
05/01/2040	150,000	4.000%	51,065.63	201,065.63	252,131.26	
11/01/2040			48,065.63	48,065.63		
05/01/2041	155,000	4.000%	48,065.63	203,065.63	251,131.26	
11/01/2041			44,965.63	44,965.63		
05/01/2042	160,000	4.000%	44,965.63	204,965.63	249,931.26	
11/01/2042			41,765.63	41,765.63		
05/01/2043	165,000	4.125%	41,765.63	206,765.63	248,531.26	
11/01/2043			38,362.50	38,362.50		
05/01/2044	175,000	4.125%	38,362.50	213,362.50	251,725.00	
11/01/2044			34,753.13	34,753.13		
05/01/2045	180,000	4.125%	34,753.13	214,753.13	249,506.26	
11/01/2045			31,040.63	31,040.63		
05/01/2046	190,000	4.125%	31,040.63	221,040.63	252,081.26	
11/01/2046			27,121.88	27,121.88		
05/01/2047	195,000	4.125%	27,121.88	222,121.88	249,243.76	
11/01/2047			23,100.00	23,100.00		
05/01/2048	205,000	4.125%	23,100.00	228,100.00	251,200.00	
11/01/2048			18,871.88	18,871.88		
05/01/2049	215,000	4.125%	18,871.88	233,871.88	252,743.76	
11/01/2049			14,437.50	14,437.50		
05/01/2050	225,000	4.125%	14,437.50	239,437.50	253,875.00	

BOND DEBT SERVICE
$4,295,000
Villamar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2022 (Phase 4 Project)

Period Ending	Principal	Coupon	Interest	Debt Service	Annual Debt Service	
11/01/2050			9,796.88	9,796.88		
05/01/2051	235,000	4.125%	9,796.88	244,796.88	254,593.76	
11/01/2051			4,950.00	4,950.00		
05/01/2052	240,000	4.125%	4,950.00	244,950.00	249,900.00	
	4,295,000		3,218,953.65	7,513,953.65	7,513,953.65	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.033711%)

03/18/22	Beg	Bal		-3,730,736.87	-4,205,583.09	
03/23/22				122,888.63	138,453.01	
04/12/22				190.00	213.61	
04/12/22				1,400.00	1,574.00	
04/12/22				3,750.00	4,216.06	
04/14/22				2,500.00	2,810.08	
04/14/22				1,159,069.72	1,302,832.39	
04/14/22				45,900.00	51,593.11	
04/29/22				1,135,772.75	1,274,523.27	
04/29/22				3,750.00	4,208.11	
05/09/22				161,217.46	180,711.85	
05/18/22				217,076.00	243,081.98	
05/18/22				37,312.75	41,782.86	
05/18/22				179,101.95	200,558.59	
05/18/22				140,204.00	157,000.62	
05/18/22				146,548.73	164,105.45	
05/18/22				136,276.65	152,602.77	
05/18/22				234,010.60	262,045.37	
06/03/22				3,750.00	4,192.27	
06/03/22				40.00	44.72	
11/21/22	from	Series	20	-286,362.01	-314,224.39	
11/23/22				49,400.00	54,194.48	
11/23/22				7,500.00	8,227.91	
11/23/22				24,730.00	27,130.15	
12/07/22	from	Reserve		-124,912.50	-136,823.14	
12/09/22				829.75	908.67	
12/09/22				34,070.00	37,310.36	
12/09/22				7,500.00	8,213.32	
12/09/22				75.00	82.13	
12/09/22				550.00	602.31	
12/12/22				12,298.78	13,464.02	
12/30/22				3,750.00	4,097.10	
01/19/23				3,750.00	4,088.48	
01/23/23				3,750.00	4,086.66	
01/26/23				197,934.12	215,632.20	
02/02/23				12,000.00	13,064.27	
02/02/23				12,612.50	13,731.09	
03/16/23				-3,750.00	-4,062.71	
03/22/23				3,650.00	3,951.74	
05/05/23				6,937.50	7,475.26	
05/16/23				-3,828.03	-4,119.73	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(4.033711%)	
05/26/23		39,980.55	42,979.41	
03/18/25	TOTALS:	2,488.03	-19,023.37	

ISSUE DATE:	03/18/22	REBATABLE ARBITRAGE:	-19,023.37	
COMP DATE:	03/18/25	NET INCOME:	2,488.03	
BOND YIELD: 4.033711%	TAX INV YIELD:	0.510927%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.033711%)

03/18/22	Beg	Bal	-104,840.97	-118,185.07	
04/04/22			0.24	0.27	
05/03/22			0.52	0.58	
06/02/22			26.43	29.55	
07/05/22			60.35	67.23	
08/02/22			105.36	117.02	
09/02/22			158.72	175.70	
10/04/22			181.31	199.99	
11/01/22			104,840.97	115,297.28	
11/02/22			237.48	261.14	
03/18/25	TOTALS:	770.41	-2,036.32		

ISSUE DATE:	03/18/22	
REBATABLE ARBITRAGE:	
-2,036.32			
COMP DATE:	03/18/25	NET INCOME:	770.41			
BOND YIELD: 4.033711%	TAX INV YIELD:	1.187191%			

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.033711%)

03/18/22	Beg	Bal	-249,825.00	-281,622.59	
04/04/22			0.57	0.64	
05/03/22			1.23	1.38	
06/02/22			62.98	70.42	
07/05/22			143.81	160.20	
08/02/22			251.07	278.85	
09/02/22			378.21	418.66	
10/04/22			432.05	476.57	
11/02/22			565.88	622.25	
12/02/22			689.63	755.81	
12/07/22	to ACF	124,912.50	136,823.14		
03/10/23		1,276.63	1,384.01		
08/01/23		1,403.22	1,497.63		
09/11/23		2,932.46	3,115.91		
03/11/24		3,082.25	3,210.32		
04/30/24	Bal	124,028.23	128,481.61		
04/30/24	Acc	502.20	520.23		
03/18/25	TOTALS:	10,837.92	-3,804.97		

ISSUE DATE:	03/18/22	
REBATABLE ARBITRAGE:	
-3,804.97			
COMP DATE:	03/18/25	NET INCOME:	10,837.92			
BOND YIELD: 4.033711%	TAX INV YIELD:	3.042605%			

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(4.033711%)	
03/18/23		-1,960.00	-2,122.97	
03/18/24		-2,070.00	-2,154.34	
03/18/25	TOTALS:	-4,030.00	-4,277.31	

ISSUE DATE:	03/18/22	REBATABLE ARBITRAGE: -4,277.31 COMP DATE:	03/18/25
BOND YIELD: 4.033711%

Section C
REBATE REPORT
$7,940,000
VillaMar Community Development District
(City of Winter Haven, Florida) Special Assessment Bonds, Series 2023 (Assessment Area Five Project)

Dated: June 15, 2023
Delivered: June 15, 2023

Rebate Report to the Computation Date June 15, 2026
Reflecting Activity To April 30, 2024

TABLE OF CONTENTS

AMTEC Opinion	3	
Summary of Rebate Computations	4	
Summary of Computational Information and Definitions	5	
Methodology	7	
Sources and Uses	8	
Proof of Arbitrage Yield	9	
Bond Debt Service Schedule	11	
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Account	13	
Arbitrage Rebate Calculation Detail Report – Interest Account	14	
Arbitrage Rebate Calculation Detail Report – Reserve Account	15	

June 6, 2024

VillaMar Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$7,940,000 VillaMar Community Development District (City of Winter Haven, Florida), Special
Assessment Bonds, Series 2023 (Assessment Area Five Project)	

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the VillaMar Community Development District (the “District”).
The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled the next Report as of June 30, 2025. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	Trong M. Tran
Assistant Vice President	
SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the June 15, 2026 Computation Date
Reflecting Activity from June 15, 2023 through April 30, 2024

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Account	4.848930%	26,550.35	(5,701.78)	
Interest Account	4.966642%	3,134.13	(568.01)	
Reserve Account	4.496074%	21,609.70	(6,844.80)	
Totals	4.701662%	$51,294.18	$(13,114.59)	
Bond Yield	5.745189%			

Based upon our computations, no rebate liability exists.
SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from June 15, 2023, the date of the closing, to April 30, 2024, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of June 15, 2026.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between June 15, 2023 and April 30, 2024, the District made periodic payments into the Interest, Sinking and Prepayment Accounts (collectively, the “Debt Service Fund”) that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
June 15, 2026.

Computation Period
The period beginning on June 15, 2023, the date of the closing, and ending on April 30, 2024.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.
Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

Accounts	Account Number	
Revenue	253107000	
Interest	253107001	
Sinking	253107002	
Reserve	253107004	
Prepayment	253107003	
Acquisition & Construction	253107005	
METHODOLOGY
Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of April 30, 2024, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to June 15, 2026. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on June 15, 2026, is the Rebatable Arbitrage.
$7,940,000
VillaMar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2023 (Assessment Area Five Project) Delivered: June 15, 2023

Par Amount	$7,940,000.00	
Net Original Issue Discount	-56,774.20	
Total	$7,883,225.80	

Acquisition & Construction Account	$6,819,524.20	
Interest Account (Capitalized Interest)	168,198.47	
Costs of Issuance	182,975.00	
Reserve Account	553,728.13	
Underwriter’s Discount	158,800.00	
Total	$7,883,225.80	

PROOF OF ARBITRAGE YIELD
$7,940,000
VillaMar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2023 (Assessment Area Five Project)

Date	

Debt Service	Present Value to 06/15/2023
@ 5.7451891700%	
11/01/2023	168,198.47	164,637.57	
05/01/2024	332,615.63	316,482.61	
11/01/2024	219,934.38	203,423.27	
05/01/2025	334,934.38	301,139.37	
11/01/2025	217,131.25	189,771.27	
05/01/2026	337,131.25	286,422.70	
11/01/2026	214,206.25	176,905.31	
05/01/2027	339,206.25	272,315.83	
11/01/2027	211,159.38	164,785.77	
05/01/2028	341,159.38	258,801.61	
11/01/2028	207,990.63	153,374.70	
05/01/2029	347,990.63	249,446.73	
11/01/2029	204,578.13	142,550.84	
05/01/2030	349,578.13	236,785.52	
11/01/2030	201,043.75	132,373.72	
05/01/2031	356,043.75	227,884.54	
11/01/2031	196,684.38	122,371.89	
05/01/2032	361,684.38	218,746.87	
11/01/2032	192,043.75	112,904.85	
05/01/2033	362,043.75	206,906.33	
11/01/2033	187,262.50	104,031.26	
05/01/2034	367,262.50	198,330.69	
11/01/2034	182,200.00	95,644.94	
05/01/2035	372,200.00	189,928.58	
11/01/2035	176,856.25	87,727.28	
05/01/2036	381,856.25	184,125.72	
11/01/2036	171,090.63	80,193.85	
05/01/2037	386,090.63	175,915.63	
11/01/2037	165,043.75	73,099.53	
05/01/2038	395,043.75	170,083.03	
11/01/2038	158,575.00	66,366.79	
05/01/2039	398,575.00	162,153.55	
11/01/2039	151,825.00	60,042.67	
05/01/2040	406,825.00	156,395.64	
11/01/2040	144,653.13	54,056.15	
05/01/2041	414,653.13	150,626.91	
11/01/2041	137,059.38	48,397.92	
05/01/2042	422,059.38	144,874.45	
11/01/2042	129,043.75	43,058.17	
05/01/2043	429,043.75	139,161.93	
11/01/2043	120,606.25	38,026.73	
05/01/2044	440,606.25	135,042.39	
11/01/2044	111,406.25	33,191.69	
05/01/2045	451,406.25	130,733.73	
11/01/2045	101,631.25	28,611.96	
05/01/2046	461,631.25	126,332.73	
11/01/2046	91,281.25	24,283.01	
05/01/2047	471,281.25	121,871.31	
11/01/2047	80,356.25	20,199.53	
05/01/2048	480,356.25	117,377.64	
11/01/2048	68,856.25	16,355.57	
05/01/2049	493,856.25	114,031.04	
11/01/2049	56,637.50	12,712.38	
05/01/2050	506,637.50	110,540.26	
11/01/2050	43,700.00	9,268.40	
05/01/2051	523,700.00	107,970.80	

PROOF OF ARBITRAGE YIELD
$7,940,000
VillaMar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2023 (Assessment Area Five Project)

Date	

Debt Service	Present Value to 06/15/2023
@ 5.7451891700%	
11/01/2051	29,900.00	5,992.32	
05/01/2052	534,900.00	104,207.02	
11/01/2052	15,381.25	2,912.84	
05/01/2053	550,381.25	101,318.47	
	16,707,089.10	7,883,225.80	
	
Proceeds Summary		

Delivery date	06/15/2023	
Par Value	7,940,000.00	
Premium (Discount)	-56,774.20	
Target for yield calculation	7,883,225.80	

BOND DEBT SERVICE
$7,940,000
VillaMar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2023 (Assessment Area Five Project)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
06/15/2023						
11/01/2023			168,198.47	168,198.47		
05/01/2024	110,000	4.875%	222,615.63	332,615.63	500,814.10	
11/01/2024			219,934.38	219,934.38		
05/01/2025	115,000	4.875%	219,934.38	334,934.38	554,868.75	
11/01/2025			217,131.25	217,131.25		
05/01/2026	120,000	4.875%	217,131.25	337,131.25	554,262.50	
11/01/2026			214,206.25	214,206.25		
05/01/2027	125,000	4.875%	214,206.25	339,206.25	553,412.50	
11/01/2027			211,159.38	211,159.38		
05/01/2028	130,000	4.875%	211,159.38	341,159.38	552,318.75	
11/01/2028			207,990.63	207,990.63		
05/01/2029	140,000	4.875%	207,990.63	347,990.63	555,981.25	
11/01/2029			204,578.13	204,578.13		
05/01/2030	145,000	4.875%	204,578.13	349,578.13	554,156.25	
11/01/2030			201,043.75	201,043.75		
05/01/2031	155,000	5.625%	201,043.75	356,043.75	557,087.50	
11/01/2031			196,684.38	196,684.38		
05/01/2032	165,000	5.625%	196,684.38	361,684.38	558,368.75	
11/01/2032			192,043.75	192,043.75		
05/01/2033	170,000	5.625%	192,043.75	362,043.75	554,087.50	
11/01/2033			187,262.50	187,262.50		
05/01/2034	180,000	5.625%	187,262.50	367,262.50	554,525.00	
11/01/2034			182,200.00	182,200.00		
05/01/2035	190,000	5.625%	182,200.00	372,200.00	554,400.00	
11/01/2035			176,856.25	176,856.25		
05/01/2036	205,000	5.625%	176,856.25	381,856.25	558,712.50	
11/01/2036			171,090.63	171,090.63		
05/01/2037	215,000	5.625%	171,090.63	386,090.63	557,181.25	
11/01/2037			165,043.75	165,043.75		
05/01/2038	230,000	5.625%	165,043.75	395,043.75	560,087.50	
11/01/2038			158,575.00	158,575.00		
05/01/2039	240,000	5.625%	158,575.00	398,575.00	557,150.00	
11/01/2039			151,825.00	151,825.00		
05/01/2040	255,000	5.625%	151,825.00	406,825.00	558,650.00	
11/01/2040			144,653.13	144,653.13		
05/01/2041	270,000	5.625%	144,653.13	414,653.13	559,306.25	
11/01/2041			137,059.38	137,059.38		
05/01/2042	285,000	5.625%	137,059.38	422,059.38	559,118.75	
11/01/2042			129,043.75	129,043.75		
05/01/2043	300,000	5.625%	129,043.75	429,043.75	558,087.50	
11/01/2043			120,606.25	120,606.25		
05/01/2044	320,000	5.750%	120,606.25	440,606.25	561,212.50	
11/01/2044			111,406.25	111,406.25		
05/01/2045	340,000	5.750%	111,406.25	451,406.25	562,812.50	
11/01/2045			101,631.25	101,631.25		
05/01/2046	360,000	5.750%	101,631.25	461,631.25	563,262.50	
11/01/2046			91,281.25	91,281.25		
05/01/2047	380,000	5.750%	91,281.25	471,281.25	562,562.50	
11/01/2047			80,356.25	80,356.25		
05/01/2048	400,000	5.750%	80,356.25	480,356.25	560,712.50	
11/01/2048			68,856.25	68,856.25		
05/01/2049	425,000	5.750%	68,856.25	493,856.25	562,712.50	
11/01/2049			56,637.50	56,637.50		
05/01/2050	450,000	5.750%	56,637.50	506,637.50	563,275.00	
11/01/2050			43,700.00	43,700.00		
05/01/2051	480,000	5.750%	43,700.00	523,700.00	567,400.00	

BOND DEBT SERVICE
$7,940,000
VillaMar Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2023 (Assessment Area Five Project)

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
11/01/2051			29,900.00	29,900.00		
05/01/2052	505,000	5.750%	29,900.00	534,900.00	564,800.00	
11/01/2052			15,381.25	15,381.25		
05/01/2053	535,000	5.750%	15,381.25	550,381.25	565,762.50	
	7,940,000		8,767,089.10	16,707,089.10	16,707,089.10	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.745189%)

06/15/23	Beg	Bal	-6,819,524.20	-8,082,621.39	
06/15/23			1,527,893.44	1,810,886.48	
06/16/23			890.00	1,054.68	
06/16/23			379,048.36	449,184.18	
06/22/23			225,425.71	266,884.46	
06/26/23			1,626,830.56	1,924,814.29	
06/26/23			1,542.00	1,824.45	
06/29/23			857.97	1,014.64	
06/29/23			122,297.32	144,630.02	
06/29/23			92,158.35	108,987.38	
06/29/23			583,919.86	690,549.42	
07/05/23			67,320.00	79,538.18	
07/26/23			114,498.29	134,832.80	
07/26/23			216,000.00	254,360.88	
07/26/23			58,167.73	68,498.12	
07/26/23			40,645.70	47,864.24	
08/08/23			79,222.60	93,116.29	
08/08/23			3,064.20	3,601.59	
08/08/23			3,795.00	4,460.55	
08/18/23			142,075.14	166,729.08	
08/18/23			20,170.90	23,671.11	
08/18/23			29,991.07	35,195.35	
08/18/23			570,166.53	669,106.10	
08/25/23			310.00	363.39	
09/06/23			2,771.69	3,243.46	
09/06/23			155.00	181.38	
09/06/23			29,702.75	34,758.41	
09/20/23			38,194.38	44,597.05	
09/25/23			710,217.42	828,621.73	
10/24/23			5,586.63	6,488.34	
10/24/23			152,651.38	177,289.95	
03/25/24			401.50	455.36	
04/30/24	Bal		101.42	114.39	
04/30/24	Acc		1.65	1.86	
06/15/26	TOTALS:	26,550.35	-5,701.78		

ISSUE DATE:	06/15/23	
REBATABLE ARBITRAGE:	
-5,701.78			
COMP DATE:	06/15/26	NET INCOME:	26,550.35			
BOND YIELD: 5.745189%	TAX INV YIELD:	4.848930%			

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.745189%)

06/15/23	Beg	Bal	-168,198.47	-199,351.82	
09/20/23			1,738.74	2,030.21	
10/03/23			687.65	801.28	
11/01/23			168,198.47	195,131.37	
11/02/23			707.74	820.94	
06/15/26	TOTALS:	3,134.13	-568.01		

ISSUE DATE:	06/15/23	
REBATABLE ARBITRAGE:	
-568.01			
COMP DATE:	06/15/26	NET INCOME:	3,134.13			
BOND YIELD: 5.745189%	TAX INV YIELD:	4.966642%			

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(5.745189%)

06/15/23	Beg	Bal	-553,728.13	-656,288.43	
09/20/23			5,724.14	6,683.70	
10/03/23			2,263.82	2,637.91	
11/02/23			2,329.95	2,702.61	
12/04/23			2,260.06	2,608.38	
12/22/23			0.55	0.63	
02/02/24			2,323.42	2,657.14	
03/04/24			2,164.46	2,462.92	
04/02/24			2,308.89	2,615.71	
04/30/24	Bal		553,728.13	624,554.42	
04/30/24	Acc		2,234.41	2,520.21	
06/15/26	TOTALS:	21,609.70	-6,844.80		

ISSUE DATE:	06/15/23	
REBATABLE ARBITRAGE:	
-6,844.80			
COMP DATE:	06/15/26	NET INCOME:	21,609.70			
BOND YIELD: 5.745189%	TAX INV YIELD:	4.496074%			

Section X

Section B

Section 1

June 28, 2024

Austin Hackney
Governmental Management Services-CF-, LLC 1001 Bradford Way
Kingston, TN 37763

Re: Annual District Engineers Report
Villamar Community Development District Development District Polk County, Florida
Special Assessment Bonds Series 2019 (Villamar Phase 1-2) Special Assessment Bonds Series 2020 (Villamar Phase 3) Special Assessment Bonds Series 2022 (Villamar Phase 4 & 5) Special Assessment Bonds Series 2023 (Villamar Phase 6 & 6D)

Dear Mr. Hackney,

In accordance with Section 9.21 of the Master Trust Indenture for the Villamar Community Development District (CDD), we have completed our annual review of the developments owned and maintained by the Villamar CDD. We hereby offer the following consulting engineer report for the above referenced Bond Series:

The facilities owned by the District have been found to be in generally good condition, well maintained, and in good working order. The drainage treatment facilities are in service, functioning properly and are regularly maintained by the District. There were some minor repair items which have been communicated to the District, however these minor repairs do not prevent the drainage system from functioning as designed.

The District currently maintains property insurance in relation to District-owned improvements. The District Engineer does not recommend an adjustment to the District’s current coverages.

Moreover, the District owned properties are well maintained and functioning with their intended purpose.

Should you have any questions or concerns, please contact me at (863) 940-2040. Sincerely,

John L. Bannon, P.E. District Engineer Villamar CDD

Section C

VillaMar CDD Field Management Report | GMS 2024

VillaMar CDD Field Management Report | GMS 2024

Landscape Review

Site has been well maintained.
Phase 6 is under regular mowing now. Complaints on 540A have been forwarded to the county.
Unirrigated grass areas have responded well to rainy weather following drought conditions.
Main entry irrigation was isolated and turned off in roadway construction area by main entrance.

VillaMar CDD Field Management Report | GMS 2024

Pond trash has been discussed with aquatics vendor.
Otherwise overall treatments are satisfactory.
Phase 6 has some bank erosion that is being reviewed.
Outfall structures are clear and bleeder pipes are clear.

VillaMar CDD Field Management Report | GMS 2024

VillaMar CDD Field Management Report | GMS 2024

VillaMar CDD Field Management Report | GMS 2024

At Phase 3 - Carnosite Rd there were reports of street flooding.
Issue was reviewed by district engineer (DE). Consulting with the DE, the following actions were coordinated:
A diver was contracted to come out and visually inspect the drainage structures.
Almost all lines were found to be clear.
Some sediment accumulation was identified in DP-A17. Vactor truck services were solicited, and a vendor arranged to come out, plug, drain and clean the pipe.

Reference: Images from diver inspection of DP-A17.
Reference: Photos of drain inspected during cleaning.
*Note that minor sediment in the lines is normal.

Street flooding

Reference: Phase 3 Photos of other drains inspected during cleaning.
*Note that minor sediment in the lines is normal

VillaMar CDD Field Management Report | GMS 2024

VillaMar CDD Field Management Report | GMS 2024

Section 1
Villamar COD
Site location: 205 Cunningham Rd Winter Haven, FL33884
RFP
Playground fence

Fence plan:
Approximately 300 linear feet (marked in pi.nk below) Include x2 6ft access gates /marked in red below/ Type: Aluminum.. Black. 3-rail. closed top, 4ft high,.

SECTION (a)

Danielle Fence Villamar CDD Winter Haven
6 messages

Richard Vucenic <RVucenic@daniellefence.net>	Tue, Jul 30, 2024 at 3:20 PM
To: Marshall Tindall <Mtindall@gmscfl.com>

Hello Marshall: Attached is our Sales Order Form for the Cunningham Rd location. The estimate for the same material installed is $ 8700 to $ 8900.

Basically, there is a $500. Difference. We would need to measure the site if we are to do the install. I have an opening for an onsite: Monday, August 5 at 12:00 p.m. if you choose to do the install.

Richard Vucenic
Residential Inside Sales
P: (863) 425-3182 Ext 142
E: rvucenic@daniellefence.net www.daniellefence.com sales@daniellefence.com

4855 State Road 60 West
Mulberry, FL 33860

Celebrating 48 Years Serving Central Florida

Aluminum	Molded	Vinyl	Wooden	Fire	Outdoor	Pergolas	Screen	
Fence	Fence	Fence	Fence	Features	Kitchens		Rooms	
The content of this email is confidential and intended for the recipient specified in message only. It is strictly forbidden to share any part of this message with any third party, without a written consent of the sender. If you received this message by mistake, please reply to this message and follow with its deletion, so that we can ensure such a mistake does not occur in the future.

SKM_C45824073015050.pdf
117K

DATE:	07/30/2024	PREPARED BY:		Ri_ch_V
BILL TO:
REFERRED BY:	_
Name: Villamar coo
Address: 205 Cunningham Rd
City, ST, Zip: Winter Haven, Fl 33884
Home/Cell Phone: 	 _ Office Phone: 	_ Email: 		_
QTY	STOCKCODE	DESCR'IPTION	UNIT COST	SUBTOTAL	
		Black 3 Rail, Flat Top		0.00	
				0.00	
2		Gravity Latches	8.19	16.38	
6		Self Closing Hinges	37.41	224.46	
2		48" x 6'x 3 Rail Gates	313.50	627.00	
48		48" x 5'  3 Rail Flat Top Sections	105.75	5,076.00	
52		2" x 2" x .093 x 6' Posts	42.00	2,184.00	
52		2" Modern Post Caps	1.89	98.28	
				0.00	
				0.00	
				0.00	
				0.00	
		Route Posts  Corner 4		0.00	
		End	4		0.00	
		Line	44		0.00	
				0.00	
				0.00	
				0.00	
				0.00	
Pick-up Date/Time:					
	SUBTOTAL	8,226.12			
TO PROCESS ORDER PLEASE SIGN AND RETURN	SHIPPING				
ALL ORDERS ARE PRE-PAV ONLY	TAX o	El	0.00				
APPROVED BY:	DATE:	TOTAL DUE	$8,226.12		
NO WARRANTY ON WOOD B-GRADES, SOLD AS IS - ALL SALES FINAL, NO RETURNS, NO REFUNDS
DANIELLE FENCE OFFERS ASSISTANCE TO ITS CUSTOMERS IN DETERMINING THE ITEMS NEEDED FOR THE "MATERIAL
ONLY" ORDERS. HOWEVER. THE ACCURACY OF THIS ORDER IS SOLELY THE RESPONSIBILITY OF THE PURCHASER.	1A
Danielle Fence & Outdoor Living
-t855 State Road 60 \\'est
:\Julhc1T ·, Florida 33860
Polk County: 863.425.3182  • 1-1 illshorough County: 813.681.6181
www.DanielleFence.com

SECTION (b)

-	S-e_r_v_i_n_g_C_e_n_t_r_a f'l_lo_r_id_a_S_i_n_c_e_1_9_5_9

Governmental Management Services Attn: Marshall Tindall
Re:	RFP Villamar - playground fence
Scope of work:
Install 256' -48" high Aluminum picket fence 2 - 6' wide x 4' High Single Swing Gates
8/1/24

Specifications: Aluminum Fence with black powder coat finish
Pickets: ¾" x ¾" x .045"	Picket gap: 3 7/8"	Pickets are screwed to frame rails on one side Horizontal frame rails: (3) 1 ¼" x 1 ¼" x .072"	Rails are center punched for pickets
Line & Terminal Post: 2" x 2" x 72", .062" wall thickness  Caps: Flat
Gate Posts: 3" x 3" x 84" .125 wall thickness	Hinges: Stainless steel adjustable Gate Frames: 2" welded aluminum construction
All post set 6' o.c. in concrete footings 8" dia. x 24" deep (line & terminal) and 12" x 36" deep (gate)

Quote is plus permit fees, if required, provided at cost.
All fence lines must be cleared, graded, and staked by the owner. Quote is pending site inspection.
Quote assumes all digging in dirt.

WE PROPOSE to furnish labor & materials - complete in accordance with the above specifications and subject to the conditions of this agreement, for the sum of:

Ten Thousand, Nine Hundred, Seventy-Four Dollars, & no/100 dollars

Payment to be made as follows:	Net 30 days
$10,974.00

Date of acceptance		 Accepted by 	 _
Respectfully submitted,
JIM W	CE COMPANY, INC.

This proposal may be withdrawn if not accepted within IO days. See additional terms on reverse side.

934 E. Rose Street	Lakeland, FL 3380 I
863-688-1194 or 863-687-6232
Fax 863-683-6402
ADDITIONAL TERMS: Jim Williams Fence Company, Inc. ("Contractor") is not responsible or liable for any injury or damage resulting from use or misuse including, but not limited to climbing, scaling or under-passage of any fence, gate or other improvement installed by it on the premises of Owner. Location of all work and im­ provements on the property, location or damage to any underground pipes, cables or wires and ompliance with anv applicable deed re triction or protective covenant i U1e responsibilit, of Owner.

Unless specifically stated otherwise, this quotation does not include grading, trimming, clearing of vegetation or debris. All fence lines to be cleared by owner unless otherwise specified.

Damage done to any improvements or work performed by Contractor by any Act of God, excessive wind, haz­ ardous mate1ials or chemicals, standing water, flooding or fires are not warranted by Contractor.

This proposal becomes a contract when accepted by Owner. Canceled contracts are subject to a 20% cancellation fee. Unless otherwise stated herein, the sums due hereunder shall be due and payable upon completion of the work. All sums not paid within terms listed are subject to interest charges of 1.5% a month from the completion date of the work. In the event contractor must employ an attorney to collect any sums due hereunder or enforce any of the terms of this contract, Owner agrees to pay any attorney's fee and costs incurred by Contractor.

THIS PROPOSAL MAY BE WITHDRAWN IF NOT ACCEPTED WITHIN 30 DAYS.

8	Fence foliovving grade, rolling terrain		

SECTION (c)

Item will be provided under separate cover.

Section D

Section 1

Summary of Check Register

FY2024

Bank	Date	Check No.'s	Amount	

General Fund	

5/1-5/31	

689-706	

$	46,520.02	
	6/1-6/30	707-724	$	68,160.58	
Capital Projects Fund	5/1-5/31	254-256	$	14,640.89	
	6/1-6/30	257-259	$	686,295.00	
Autopay Utilities	5/1-5/31	80010-80012	$	15,671.61	
	6/1-6/30	80013-80015	$	15,098.20	
		Total Amount	$	831,288.10	
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/12/24	PAGE	1
*** CHECK DATES 05/01/2024 - 05/31/2024 ***	VILLAMAR CDD - GENERAL FUND
BANK A VILLAMAR CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
12216	202404 330-53800-48500	*	450.00
JANITORIAL SVCS - APR 24
12216	202404 330-53800-48500	*	300.00
TRASH COLLECT - APR 24
12216	202404 330-53800-48500	*	100.00
TRASH MAIL COLLECT APR 24
12216	202404 330-53800-48500	*	100.00
TOILET PAPER DISP INST
CSS CLEAN STAR SERVICES CENTRAL FL	950.00 000689
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/01/24 00048	1/22/24 17497	202401 320-53800-34500	*	714.00
CDVI PROXIMITY CARD 25/PK
CURRENT DEMANDS ELECTRICAL &	714.00 000690
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/01/24 00039	4/17/24 9237	202403 310-51300-31500	*	951.50
GENERAL COUNSEL - MAR 24
KILINSKI / VAN WYK, PLLC	951.50 000691
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/01/24 00043	4/30/24 57886048 202404 330-57200-48100	*	50.00
PEST CONTROL - APR 24
MASSEY SERVICES INC.	50.00 000692
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/01/24 00045	4/18/24 22587	202404 330-53800-48300	*	150.00
REPLC TORO VALVE/SPICKET
5/01/24 22794	202405 330-53800-48100	*	2,730.00
POOL MAINTENANCE - MAY 24
RESORT POOL SERVICES DBA	2,880.00 000693
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/01/24 00027	5/01/24 05012024 202405 330-53800-48600	*	1,396.07
POOL/FUR LEASE - MAY 24
5/01/24 05012024 202405 330-53800-48600	*	1,078.87
PLAYGRND/FUR LEASE- MAY24
WHFS, LLC	2,474.94 000694
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/08/24 00036	5/08/24 53-BID-7 202405 330-53800-48100	*	280.00
POOL PERMIT FY 2024
FLORIDA DEPARTMENT OF HEALTH	280.00 000695
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/08/24 00060	5/07/24 25814	202405 310-51300-32200	*	3,500.00
AUDIT FYE 9/30/2023
GRAU AND ASSOCIATES	3,500.00 000696
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/08/24 00015	5/01/24 12529	202405 320-53800-46200	*	12,415.00
LANDSCAPE MAINT - MAY 24
PRINCE & SONS INC.	12,415.00 000697
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
VMCD VILLAMAR CDD	PPOWERS
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/12/24	PAGE	2
*** CHECK DATES 05/01/2024 - 05/31/2024 ***	VILLAMAR CDD - GENERAL FUND
BANK A VILLAMAR CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/08/24 00049	3/31/24 11677283 202403 320-53800-34500	*	3,957.20
SECURITY SERVICES - MAR24
4/30/24 11716888 202404 320-53800-34500	*	2,362.88
SECURITY SERVICES - APR24
SECURITAS SECURITY SERVICES USA,INC	6,320.08 000698
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/08/24 00041	5/01/24 PSI07030 202405 320-53800-47000	*	856.00
POND MAINTENANCE - MAY 24
SOLITUDE LAKE MANAGEMENT SERVICES	856.00 000699
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/08/24 00019	4/25/24 7303402	202404 310-51300-32300	*	7,003.75
TRUSTEE FEE SER 2022PH3&4
US BANK	7,003.75 000700
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/24 00010	5/07/24 BW050720 202405 310-51300-11000	*	200.00
SUPERVISOR FEES 05/07/24
BRIAN WALSH	200.00 000701
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/24 00047	5/07/24 EL050720 202405 310-51300-11000	*	200.00
SUPERVISOR FEES 05/07/24
ERIC LAVOIE	200.00 000702
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
258	202405 310-51300-34000	*	3,541.67
MANAGEMENT FEES - MAY 24
258	202405 310-51300-35200	*	100.00
WEBSITE ADMIN - MAY 24
258	202405 310-51300-35100	*	150.00
INFORMATION TECH - MAY 24
258	202405 310-51300-31300	*	833.33
DISSEMINATION - MAY 24
258	202405 330-57200-12000	*	625.00
AMENITY ACCESS - MAY 24
258	202405 310-51300-51000	*	.75
OFFICE SUPPLIES - MAY 24
258	202405 310-51300-42000	*	115.83
POSTAGE - MAY 24
259	202405 320-53800-12000	*	1,378.17
FIELD MANAGEMENT - MAY 24
GOVERNMENTAL MANAGEMENT SERVICES	6,744.75 000703
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/24 00004	5/07/24 RH050720 202405 310-51300-11000	*	200.00
SUPERVISOR FEES 05/07/24
RENNIE HEATH	200.00 000704
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/24 00045	5/10/24 22897	202405 330-53800-48100	*	580.00
REPLC 4 DEPTH MARKER POOL
RESORT POOL SERVICES DBA	580.00 000705
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
VMCD VILLAMAR CDD	PPOWERS
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/12/24	PAGE	4
*** CHECK DATES 05/01/2024 - 05/31/2024 ***	VILLAMAR CDD - GENERAL FUND
BANK Z VILLAMAR AUTOPAY

MAY - TV/INTERNET/TEL

APR 24 - ELECTRIC
11,565.38

APR 24 - WATER
1,776.49

TOTAL FOR BANK Z	15,671.61
TOTAL FOR REGISTER	62,191.63

VMCD VILLAMAR CDD	PPOWERS
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/12/24	PAGE	1
*** CHECK DATES 06/01/2024 - 06/30/2024 ***	VILLAMAR CDD - GENERAL FUND
BANK A VILLAMAR CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....

	MAY 24 - AUTO MAIL MATCH
ACTION	MAIL SERVICES																			971.88	000707	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - -	- - - - - - -	-	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	-	- - - -	-	- - - -	- - -	
6/06/24 00034	5/27/24 12426	202405 330-53800-48500											*							450.00				
	JANITORIAL SVCS - MAY 24																						
	5/27/24 12426	202405 330-53800-48500											*							300.00				
	TRASH COLLECT - MAY 24																						
	5/27/24 12426	202405 330-53800-48500											*							100.00				
	TRASH MAIL COLLECT MAY 24																						
CSS CLEAN STAR SERVICES CENTRAL FL	850.00 000708
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/06/24 00009	4/30/24 261	202404 320-53800-47400	*	1,131.32
APR 24 - GENERAL MAINT
4/30/24 262	202404 320-53800-47400	*	19,124.65
CUSTOM SIGNS
GOVERNMENTAL MANAGEMENT SERVICES	20,255.97 000709
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/06/24 00039	5/15/24 9437	202404 310-51300-31500	*	1,035.50
GENERAL COUNSEL - APR 24
KILINSKI / VAN WYK, PLLC	1,035.50 000710
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/06/24 00043	5/30/24 59298385 202405 330-57200-48100	*	50.00
PEST CONTROL - MAY 24
MASSEY SERVICES INC.	50.00 000711
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/06/24 00015	5/22/24 12739	202405 320-53800-46300	*	377.50
FILL IN PLANTS/MULCH
6/01/24 12913	202406 320-53800-46200	*	12,415.00
LANDSCAPE MAINT - JUN 24
PRINCE & SONS INC.	12,792.50 000712
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/06/24 00045	5/24/24 22945	202405 330-53800-48100	*	2,700.00
REPLC 10HP MOTOR SEAL
6/01/24 23114	202406 330-53800-48100	*	2,730.00
POOL MAINTENANCE - JUN 24
RESORT POOL SERVICES DBA	5,430.00 000713
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/06/24 00041	6/01/24 PSI07846 202406 320-53800-47000	*	856.00
POND MAINTENANCE - JUN 24
SOLITUDE LAKE MANAGEMENT SERVICES	856.00 000714
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/06/24 00114	6/06/24 06062024 202406 300-20700-10000	*	2,912.54
ON ROLL-DEBT SVC 2019
VILLAMAR CDD C/O USBANK	2,912.54 000715
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
VMCD VILLAMAR CDD	PPOWERS
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/12/24	PAGE	2
*** CHECK DATES 06/01/2024 - 06/30/2024 ***	VILLAMAR CDD - GENERAL FUND
BANK A VILLAMAR CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/06/24 00115	6/06/24 06062024 202406 300-20700-10000	*	2,662.15
ON ROLL-DEBT SVC 2020
VILLAMAR CDD C/O USBANK	2,662.15 000716
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/06/24 00116	6/06/24 06062024 202406 300-20700-10000	*	1,190.66
ON ROLL-DEBT SVC 2022 PH3
VILLAMAR CDD C/O USBANK	1,190.66 000717
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/06/24 00117	6/06/24 06062024 202406 300-20700-10000	*	1,802.12
ON ROLL-DEBT SVC 2022 PH4
VILLAMAR CDD C/O USBANK	1,802.12 000718
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/06/24 00027	6/01/24 06012024 202406 330-53800-48600	*	1,396.07
POOL/FUR LEASE - JUN 24
6/01/24 06012024 202406 330-53800-48600	*	1,078.86
PLAYGRND/FUR LEASE- JUN24
WHFS, LLC	2,474.93 000719
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/24 00023	6/06/24 7236-06- 202406 310-51300-31200	*	450.00
ARBITRAGE-SERIES 2022 PH3
6/06/24 7237-06- 202406 310-51300-31200	*	450.00
ARBITRAGE-SERIES 2022 PH4
6/06/24 7578-06- 202406 310-51300-31200	*	450.00
SPECIAL ASSESS BOND-SER23
AMTEC	1,350.00 000720
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/24 00018	4/02/24 12	202404 310-51300-31300	*	500.00
AMORT SCHED S2022 PH3
DISCLOSURE SERVICES LLC	500.00 000721
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/24 00009	6/01/24 263	202406 310-51300-34000	*	3,541.67
MANAGEMENT FEES - JUN 24
6/01/24 263	202406 310-51300-35200	*	100.00
WEBSITE ADMIN - JUN 24
6/01/24 263	202406 310-51300-35100	*	150.00
INFORMATION TECH - JUN 24
6/01/24 263	202406 310-51300-31300	*	833.33
DISSEMINATION - JUN 24
6/01/24 263	202406 330-57200-12000	*	625.00
AMENITY ACCESS - JUN 24
6/01/24 263	202406 310-51300-51000	*	3.19
OFFICE SUPPLIES - JUN 24
6/01/24 263	202406 310-51300-42000	*	119.40
POSTAGE - JUN 24
6/01/24 263	202406 310-51300-42500	*	1.50
COPIES - JUN 24
VMCD VILLAMAR CDD	PPOWERS
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/12/24	PAGE	3
*** CHECK DATES 06/01/2024 - 06/30/2024 ***	VILLAMAR CDD - GENERAL FUND
BANK A VILLAMAR CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/01/24 264	202406 320-53800-12000	*	1,378.17
FIELD MANAGEMENT - JUN 24
GOVERNMENTAL MANAGEMENT SERVICES	6,752.26 000722
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/24 00039	6/19/24 9685	202405 310-51300-31500	*	3,341.75
GENERAL COUNSEL - MAY 24
KILINSKI / VAN WYK, PLLC	3,341.75 000723
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/24 00049	5/31/24 11754738 202405 320-53800-34500	*	2,932.32
SECURITY SERVICES - MAY24
SECURITAS SECURITY SERVICES USA,INC	2,932.32 000724
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	68,160.58

VMCD VILLAMAR CDD	PPOWERS
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/12/24	PAGE	1
*** CHECK DATES 05/01/2024 - 05/31/2024 ***	VILLAMAR CDD - SER19 CAPITAL
BANK B VILLAMAR CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/01/24 00036	3/15/23 49959B	202312 600-20700-10100	V	962.40-
035 FR#10B
IMPERIAL TESTING & ENGINEERING, INC	962.40-000197
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/02/24 00012	4/01/24 1878B	202404 600-20700-10100	*	2,034.60
035 PH6 FR#25B
4/01/24 1879B	202404 600-20700-10100	*	570.78
035 PH6 FR#25B
WOOD & ASSOCIATES ENGINEERING	2,605.38 000254
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1860	202404
035 FR#26A
1861	202404
035 FR#26A
1862	202404
035 FR#26A
1882	202404
035 FR#26A
1891	202404
035 FR#26A
WOOD & ASSOCIATES ENGINEERING	9,448.12 000255
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/17/24 00012	4/10/24 1860B	202404
035 PH6 FR#26B
4/10/24 1861B	202404
035 PH6 FR#26B
4/10/24 1862B	202404
035 PH6 FR#26B
4/10/24 1882B	202404
035 PH6 FR#26B
4/22/24 1891B	202404
035 PH6 FR#26B
WOOD & ASSOCIATES ENGINEERING	3,549.79 000256
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK B	14,640.89
TOTAL FOR REGISTER	14,640.89

VMCD VILLAMAR CDD	PPOWERS
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/12/24	PAGE	1
*** CHECK DATES 06/01/2024 - 06/30/2024 ***	VILLAMAR CDD - SER19 CAPITAL
BANK B VILLAMAR CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/18/24 00028	4/30/24 022146	202404 600-53800-60000	*	562.50
031 FR#34
ABSOLUTE ENGINEERING INC	562.50 000257
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/18/24 00035	5/15/24 9438	202404 600-20700-10100	*	73.00
034 PH5 FR#23
5/16/24 9492	202404 600-20700-10100	*	311.93
034 PH5 FR#23
KILINSKI/VAN WYK, PLLC	384.93 000258
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/18/24 00004	5/25/24 873131	202405 600-53800-60000	*	277,371.52
031 FR#35
5/25/24 873238	202405 600-53800-60000	*	41,211.24
031 FR#35
5/25/24 873239	202405 600-20700-10100	*	110,543.30
035 PH6 FR#27A
5/25/24 873239B	202405 600-20700-10100	*	41,531.69
035 PH6 FR#27B
5/25/24 873250	202405 600-20700-10100	*	156,058.02
035 PH6 FR#27A
5/25/24 873250B	202405 600-20700-10100	*	58,631.80
035 PH6 FR#27B
TUCKER PAVING INC	685,347.57 000259
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK B	686,295.00
TOTAL FOR REGISTER	686,295.00

VMCD VILLAMAR CDD	PPOWERS
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/12/24	PAGE	3
*** CHECK DATES 05/01/2024 - 05/31/2024 ***	VILLAMAR CDD - GENERAL FUND
BANK A VILLAMAR CDD

SUPERVISOR FEES 05/07/24

VMCD VILLAMAR CDD	PPOWERS
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/12/24	PAGE	4
*** CHECK DATES 06/01/2024 - 06/30/2024 ***	VILLAMAR CDD - GENERAL FUND
BANK Z VILLAMAR AUTOPAY

JUN 24 - TV/INTERNET/TEL

MAY 24 - ELECTRIC
11,567.07

MAY 24 - WATER
951.96

TOTAL FOR BANK Z	15,098.20
TOTAL FOR REGISTER	83,258.78

VMCD VILLAMAR CDD	PPOWERS

Section 2

VillaMar
Community Development District

Unaudited Financial Reporting
June 30, 2024

Table of Contents

1

2-3

4

5

6

7

8

9

10

11

12-13

14-15
	Balance Sheet

	General Fund

	Capital Reserve Fund

	Debt Service Fund Series 2019

	Debt Service Fund Series 2020

	Debt Service Fund Series 2022A3

	Debt Service Fund Series 2022A4

	Debt Service Fund Series 2023A5

	Debt Service Fund Series 2024A6

	Combined Capital Project Funds

	Month to Month

	Long Term Debt Report

16		Assessment Receipt Schedule
Combined Balance Sheet June 30, 2024

	General Fund	Debt Service Fund	Capital Projects Fund	Totals Governmental Funds				
Assets:								
Cash:								
Operating Account	$	414,859	$	-	$	-	$	414,859				
Capital Projects Account	-	-	4,218	4,218				
Investments:								
Series 2019								
Reserve	-	204,444	-	204,444				
Revenue	-	178,617	-	178,617				
Prepayment	-	1,636	-	1,636				
Construction	-	-	296	296				
Series 2020								
Reserve	-	184,450	-	184,450				
Revenue	-	153,534	-	153,534				
Series 2022 A3								
Reserve	-	71,069	-	71,069				
Revenue	-	129,002	-	129,002				
Prepayment	-	50,253	-	50,253				
Construction	-	-	8	8				
Series 2022 A4								
Reserve	-	125,046	-	125,046				
Revenue	-	109,535	-	109,535				
Series 2023 A5								
Reserve	-	553,728	-	553,728				
Revenue	-	101,821	-	101,821				
Interest	-	-	-	-						
Sinking Fund	-	-	-	-						
Prepayment		-	73,911		-		73,911	
Construction		-	-		102		102	
Cost of Issuance		-	-		0		0	
Series 2024 A6								
Reserve		-	603,000		-		603,000	
Revenue		-	13,965		-		13,965	
Interest		-	240,659		-		240,659	
Construction		-	-		1,518,263		1,518,263	
Cost of Issuance		-	-		112		112	
Due from Developer					-		-	
Due from General Fund		-	10,922		-		10,922	
Prepaid Expenses		-	-		-		-	
Total Assets	$	414,859	$	2,805,590	$	1,523,000	$	4,743,449	
Liabilities:								
Accounts Payable	$	9,942	$	-	-	$	9,942					
Contracts Payable	(0)	-	3,884	3,884					
Due to Debt Service	10,922	-	-	10,922					
Retainage Payable		-	-		-		-	
Total Liabilites	$	20,864	$	-	$	3,884	$	24,748	

Fund Balance:
Restricted for:

-

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Revenues:					
Assessments - Tax Roll	$	672,192	$	672,192	$	675,938	$	3,747	
Assessments - Direct Bill	143,837	107,878	107,878	-	
Miscellaneous Revenue	-	-	180	180	
Total Revenues	$	816,029	$	780,069	$	783,996	$	3,927	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	7,000	$	3,000	$	4,000	
Engineering	7,500	4,375	-	4,375	
Attorney	30,000	17,500	12,638	4,862	
Annual Audit	5,000	5,000	5,500	(500)	
Assessment Administration	7,500	7,500	7,500	-	
Arbitrage	2,250	1,800	1,800	-	
Dissemination	9,000	5,250	7,083	(1,833)	
Trustee Fees	19,880	11,044	11,044	-	
Management Fees	42,500	24,792	31,875	(7,083)	
Information Technology	1,800	1,050	1,350	(300)	
Website Maintenance	1,200	700	900	(200)	
Postage & Delivery	1,500	875	2,801	(1,926)	
Insurance	6,886	6,886	5,988	898	
Printing & Binding	1,000	583	9	574	
Legal Advertising	10,000	5,833	2,708	3,125	
Other Current Charges	1,500	875	2,250	(1,375)	
Boundary Amendment Expenses	-	-	-	-	
Office Supplies	500	292	24	268	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	160,191	$	101,531	$	96,646	$	4,885	

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Operations & Maintenance					
Field Expenditures
Property Insurance	

$	15,000	

$	15,000	

$	10,856	

$	4,144	
Field Management	16,538	9,647	12,404	(2,757)	
Landscape Maintenance	130,000	75,833	79,695	(3,862)	
Landscape Replacement	22,500	13,125	2,543	10,583	
Pond Maintenance	17,000	9,917	8,786	1,131	
Streetlights	166,320	97,020	103,315	(6,295)	
Electric	3,000	1,750	279	1,471	
Water & Sewer	30,000	17,500	13,286	4,214	
Sidewalk & Asphalt Maintenance	2,500	1,458	-	1,458	
Irrigation Repairs	10,000	5,833	694	5,139	
General Repairs & Maintenance	20,000	11,667	31,242	(19,575)	
Contingency	7,500	7,500	24,735	(17,235)	
Subtotal Field Expenditures	$	440,358	$	266,250	$	287,834	$	(21,584)	

Amenity Expenditures
Amenity - Electric	

$	18,000	

$	10,500	

$	10,433	

$	67	
Amenity - Water	20,000	11,667	9,493	2,174	
Playground & Furniture Lease	35,000	20,417	22,274	(1,858)	
Internet	3,000	1,750	1,642	108	
Pest Control	630	368	450	(83)	
Janitorial Services	10,700	6,242	7,750	(1,508)	
Security Services	33,800	19,717	23,419	(3,703)	
Pool Maintenance	30,000	17,500	32,130	(14,630)	
Amenity Access Management	7,500	4,375	5,625	(1,250)	
Amenity Repairs & Maintenance	10,000	5,833	8,194	(2,360)	
Contingency	7,500	4,375	-	4,375	
Subtotal Amenity Expenditures	$	176,130	$	102,743	$	121,410	$	(18,668)	
					
Total Operations & Maintenance	$	616,488	$	368,993	$	409,244	$	(40,251)	
					
Excess (Deficiency) of Revenues over Expenditures	$	39,350	$	309,546	$	278,106	$	(31,440)	

Other Financing Sources/(Uses):					
Capital Reserve Transfer	$	(39,350)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(39,350)	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	0	$	309,546	$	278,106	$	(31,440)	
					
Fund Balance - Beginning	$	-		$	115,889		
					
Fund Balance - Ending	$	-		$	393,995		

Interest Income	$	-	$	-  $	-  $	-	
Total Revenues	$	-	$	-  $	-  $	-	

Expenditures:

Contingency	

$	600	

$	

-  $	

-  $	

-	
Total Expenditures	$	600	$	-  $	-  $	-	
						
Excess (Deficiency) of Revenues over Expenditures	$	(600)	$	-  $	-  $	-	

Other Financing Sources/(Uses):

Capital Reserve Transfer	

$	39,350	

$	

-  $	

-	$	

-	
Total Other Financing Sources/(Uses)	$	39,350	$	-  $	-  $	-	
						
Net Change in Fund Balance	$	38,750	$	-  $	-  $	-	
						
Fund Balance - Beginning	$	-		$	-		
						
Fund Balance - Ending	$	38,750		$	-		

Assessments - Tax Roll	$	403,763	$	403,763	$	406,014	$	2,252	
Interest	-	-	16,107	16,107	
Total Revenues	$	403,763	$	403,763	$	422,122	$	18,359	

Expenditures:					
Interest - 11/1	$	142,588	$	142,588	$	142,588	$	-	
Principal - 5/1	120,000	120,000	120,000	-	
Interest - 5/1	142,588	142,588	142,588	-	
Total Expenditures	$	405,175	$	405,175	$	405,175	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(1,413)	$	(1,413)	$	16,947	$	18,359	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	(1,413)	$	(1,413)	$	16,947	$	18,359	
					
Fund Balance - Beginning	$	164,293		$	371,462		
					
Fund Balance - Ending	$	162,881		$	388,409		

Assessments - Tax Roll	$	369,050	$	369,050	$	371,109	$	2,059	
Interest	-	-	14,529	14,529	
Total Revenues	$	369,050	$	369,050	$	385,638	$	16,588	

Expenditures:					
Interest - 11/1	$	117,588	$	117,588	$	117,588	$	-	
Principal - 5/1	135,000	135,000	135,000	-	
Interest - 5/1	117,588	117,588	117,588	-	
Total Expenditures	$	370,175	$	370,175	$	370,175	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(1,125)	$	(1,125)	$	15,463	$	16,588	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	(1,125)	$	(1,125)	$	15,463	$	16,588	
					
Fund Balance - Beginning	$	138,818		$	325,914		
					
Fund Balance - Ending	$	137,693		$	341,377		

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Revenues:					
Assessments - Tax Roll	$	165,060	$	165,060	$	165,981	$	921	
Assessments - Prepayments	-	-	253,755	253,755	
Interest	-	-	11,073	11,073	
Total Revenues	$	165,060	$	165,060	$	430,808	$	265,749	

Expenditures:					
Interest - 11/1	$	53,878	$	53,878	$	53,878	$	-	
Principal - 11/1	60,000	60,000	60,000	-	
Special Call - 11/1	-	-	190,000	(190,000)	
Interest - 11/1			766	(766)	
Special Call - 2/1	-	-	80,000	(80,000)	
Interest - 5/1	52,941	52,941	47,759	5,181	
Special Call - 5/1	-	-	135,000	(135,000)	
Total Expenditures	$	166,819	$	166,819	$	567,403	$	(400,584)	
					
Excess (Deficiency) of Revenues over Expenditures	$	(1,759)	$	(1,759)	$	(136,595)	$	(134,836)	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	(1,759)	$	(1,759)	$	(136,595)	$	(134,836)	
					
Fund Balance - Beginning	$	140,143		$	388,436		
					
Fund Balance - Ending	$	138,384		$	251,841		

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Revenues:					
Assessments - Tax Roll	$	249,825	$	249,825	$	251,220	$	1,395	
Interest	-	-	9,838	9,838	
Total Revenues	$	249,825	$	249,825	$	261,058	$	11,233	

Expenditures:					
Interest - 11/1	$	83,325	$	83,325	$	83,325	$	-	
Principal - 5/1	80,000	80,000	80,000	-	
Interest - 5/1	83,325	83,325	83,325	-	
Total Expenditures	$	246,650	$	246,650	$	246,650	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	3,175	$	3,175	$	14,408	$	11,233	

Other Financing Sources/(Uses):					
Interfund Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	3,175	$	3,175	$	14,408	$	11,233	
					
Fund Balance - Beginning	$	-		$	222,470		
					
Fund Balance - Ending	$	3,175		$	236,878		

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Revenues:					
Assessments - Direct	$	553,728	$	402,484	$	402,484	$	-	
Prepayments	$	-	$	-	$	73,911	73,911	
Interest	-	-	24,383	24,383	
Total Revenues	$	553,728	$	402,484	$	500,779	$	98,295	

Expenditures:					
Interest - 11/1	$	168,198	$	168,198	$	168,198	$	-	
Principal - 5/1	110,000	110,000	110,000	-	
Interest - 5/1	222,616	222,616	222,616	0	
Total Expenditures	$	500,814	$	500,814	$	500,814	$	0	
					
Excess (Deficiency) of Revenues over Expenditures	$	52,914	$	(98,330)	$	(35)	$	98,295	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	106	$	106	
Total Other Financing Sources (Uses)	$	-	$	-	$	106	$	106	
					
Net Change in Fund Balance	$	52,914	$	(98,330)	$	71	$	98,401	
					
Fund Balance - Beginning	$	170,598		$	729,389		
					
Fund Balance - Ending	$	223,513		$	729,460		

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Revenues:					
Assessments - Direct Interest	$	-  $
-	-  $	-
-	13,965	$	-
13,965	
Total Revenues	$	-  $	-  $	13,965	$	13,965	

Expenditures:					
Interest - 11/1 Principal - 5/1 Interest - 5/1	$	-  $
-
-	-  $	-
-	-
-	102,949	$	-
- (102,949)	
Total Expenditures	$	-  $	-  $	102,949	$	(102,949)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-  $	-  $	(88,984)	$	(88,984)	

Other Financing Sources/(Uses):					
Bond Proceeds	$	-  $	-  $	946,608	$	946,608	
Total Other Financing Sources (Uses)	$	-  $	-  $	946,608	$	946,608	
					
Net Change in Fund Balance	$	-  $	-  $	857,624	$	857,624	
					
Fund Balance - Beginning	$	-	$	-		
					
Fund Balance - Ending	$	-	$	857,624		

	Series	Series	Series	Series	Series	Series		
	2019 A1	2020 A2	2022 A3	2022 A4	2023 A5	2024 A6	Total	
Revenues								
Developer Contributions	$	3,683,201	$	3,036	$	693	$	5,929	$	4,831,844	$	-	$	8,524,704	
Interest	7	-	0	-	3,562	76,445	80,014	
Misc Income	289	-	-	-	-	-	289			
Total Revenues	$	3,683,497	$	3,036	$	693	$	5,929	$	4,835,406	$	76,445	$	8,605,007	

Expenditures:								
Bank Fees	$	436	$	-	$	-	$	-	$	-	$	-	$	436	
Capital Outlay	3,682,349	3,036	336	5,929	4,227,390	5,912,176	13,831,215	
Cost of Issuance	-	-	-	-	-	399,286	399,286	
Total Expenditures	$	3,682,785	$	3,036	$	336	$	5,929	$	4,227,390	$	6,311,462	$  14,230,937	
								
Excess (Deficiency) of Rev. over Exp.	$	713	$	-	$	358	$	-	$	608,016	$	(6,235,017)	$	(5,625,930)	

Other Financing Sources/(Uses)								
Transfer In/(Out)	$	-	$	-	$	-	$	-	$	(106)		$	(106)	
Bond Proceeds	-	-	-	-	-	$	7,753,392	7,753,392	
Total Other Financing Sources (Uses)	$	-	$	-  $	-	$	-  $	(106)	$	7,753,392	$	7,753,286			
								
Net Change in Fund Balance	$	713	$	-  $	358	$	-  $	607,910	$	1,518,375	$	2,127,356			
								
Fund Balance - Beginning	$	(83)	$	-  $	(349)	$	-  $	(607,807)	$	-	$	(608,240)			
								
Fund Balance - Ending	$	630	$	-  $	8	$	-  $	103	$	1,518,375	$	1,519,116			

Revenues:

Assessments - Tax Roll	$	-	$	-	$	604,700	$	51,920	$	5,356	$	2,932	$	4,849	$	774	$	5,408	$	-	$	-	$	-	$	675,938				
Assessments - Direct Bill	71,919	-	-	-	-	35,959	-	-	-	-	-	-	107,878				
Assessments - Lot Closings	-	-	-	-	-	-	-	-	-	-	-	-	-				
Boundary Amendment Contributions	-	-	-	-	-	-	-	-	-	-	-	-	-				
Miscellaneous Income	-	-	-	-	-	60	-	120	-	-	-	-	180				
Total Revenues	$	71,919  $	-	$	604,700	$	51,920	$	5,356	$	38,951	$	4,849	$	894	$	5,408	$	-	$	-	$	-	$	783,996				

Expenditures:											
General & Administrative:											
Supervisor Fees	$	-	$	800	$	600	$	-	$	800	$	-	$	-	$	800	$	-	$	-  $	-  $	-  $	3,000	
Engineering	-	-	-	-	-	-	-	-	-	-	-	-	-	
Attorney	918	1,744	1,471	981	2,196	952	1,036	3,342	-	-	-	-	12,638	
Annual Audit	-	-	-	-	-	-	2,000	3,500	-	-	-	-	5,500	
Assessment Administration	7,500	-	-	-	-	-	-	-	-	-	-	-	7,500	
Arbitrage	-	-	450	-	-	-	-	1,350	-	-	-	-	1,800	
Dissemination	1,250	750	750	750	750	833	333	833	833	-	-	-	7,083	
Trustee Fees	-	-	4,041	-	-	-	7,004	-	-	-	-	-	11,044	
Management Fees	3,542	3,542	3,542	3,542	3,542	3,542	3,542	3,542	3,542	-	-	-	31,875	
Information Technology	150	150	150	150	150	150	150	150	150	-	-	-	1,350	
Website Maintenance	100	100	100	100	100	100	100	100	100	-	-	-	900	
Postage & Delivery	88	85	97	669	431	72	152	1,088	119	-	-	-	2,801	
Insurance	5,988	-	-	-	-	-	-	-	-	-	-	-	5,988	
Printing & Binding	-	3	-	-	-	5	-	2	-	-	-	-	9	
Legal Advertising	1,037	321	-	1,351	-	-	-	-	-	-	-	-	2,708	
Other Current Charges	539	135	82	289	42	42	541	41	540	-	-	-	2,250	
Office Supplies	4	4	3	4	1	4	1	-	4	-	-	-	24	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$	21,289	$	7,633	$	11,285	$	7,835	$	8,011	$	5,699	$	14,858	$	14,747	$	5,289	$	-  $	-  $	-  $	96,646	

Operations & Maintenance											
Field Expenditures
Property Insurance	
$	10,856	
$	-	
$	-	
$	-	
$	-	
$	-	
$	-	
$	-	
$	-	
$	-  $	-  $	-  $	10,856	
Field Management	1,378	1,378	1,378	1,378	1,378	1,378	1,378	1,378	1,378	-	-	-	12,404	
Landscape Maintenance	7,075	7,075	7,075	7,075	7,075	7,075	12,415	12,415	12,415	-	-	-	79,695	
Landscape Replacement	-	-	1,655	-	-	510	-	378	-	-	-	-	2,543	
Pond Maintenance	856	856	856	856	856	856	856	856	1,938	-	-	-	8,786	
Streetlights	11,322	11,322	11,322	11,438	11,646	10,166	12,965	11,567	11,565	-	-	-	103,315	
Electric	33	35	30	30	31	34	26	32	29	-	-	-	279	
Water & Sewer	1,574	1,812	1,515	1,253	1,661	1,421	1,322	1,776	952	-	-	-	13,286	
Irrigation Repairs	43	-	-	-	106	337	-	-	209	-	-	-	694	
General Repairs & Maintenance	2,608	3,784	2,043	-	1,045	-	20,256	1,506	-	-	-	-	31,242	
Contingency	22,115	-	2,450	-	170	-	-	-	-	-	-	-	24,735	
Subtotal Field Expenditures	$	57,860	$	26,263	$	28,323	$	22,030	$	23,969	$	21,777	$	49,218	$	29,908	$	28,486	$	-  $	-  $	-  $	287,834	

Amenity Expenditures
Amenity - Electric	

$	1,242	

$	1,341	

$	1,262	

$	1,272	

$	1,148	

$	1,009	

$	2,084	

$	1,075	

$	-	

$	-  $	-  $	-  $	10,433	
Amenity - Water	880	968	819	1,213	1,751	1,564	1,012	1,287	-	-	-	-	9,493	
Playground & Furniture Lease	2,475	2,475	2,475	2,475	2,475	2,475	2,475	2,475	2,475	-	-	-	22,274	
Internet	176	176	176	176	181	189	189	189	189	-	-	-	1,642	
Pest Control	50	50	50	50	50	50	50	50	50	-	-	-	450	
Janitorial Services	850	850	850	850	850	850	950	850	850	-	-	-	7,750	
Security Services	2,847	2,324	737	5,181	2,363	2,363	4,671	2,932	-	-	-	-	23,419	
Pool Maintenance	2,730	2,730	2,730	6,730	2,730	6,290	2,730	2,730	2,730	-	-	-	32,130	
Amenity Access Management	625	625	625	625	625	625	625	625	625	-	-	-	5,625	
Amenity Repairs & Maintenance	-	1,570	-	326	403	-	150	-	5,745	-	-	-	8,194	
Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Subtotal Amenity Expenditures	$	11,875	$	13,110	$	9,724	$	18,899	$	12,576	$	15,415	$	14,935	$	12,213	$	12,664	$	-  $	-  $	-  $	121,410	
											
Total Operations & Maintenance	$	69,736	$	39,373	$	38,047	$	40,929	$	36,545	$	37,192	$	64,153	$	42,121	$	41,150	$	-  $	-  $	-  $	409,244	

Other Financing Uses:											
Capital Reserve Transfer	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
Total Other Financing Uses	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-	
											
Total Expenditures & Other Financing Uses	$	91,025	$	47,006	$	49,331	$	48,764	$	44,556	$	42,890	$	79,012	$	56,867	$	46,439	$	-  $	-  $	-  $	505,890	
											
Net Change in Fund Balance	$	(19,106)	$	(47,006)	$	555,369	$	3,157	$	(39,200)	$	(3,939)	$	(74,163)	$	(55,974)	$	(41,031)	$	-  $	-  $	-  $	278,106	

TERM 1	
3.750%	
$510,000.00		
May 1, 2024							
TERM 2	4.00%	$750,000.00		May 1, 2029							
TERM 3	4.63%	$2,105,000.00		May 1, 2039							
TERM 4	4.875%	$3,815,000.00		May 1, 2050							
RESERVE FUND DEFINITION		50% MAXIMUM ANNUAL DEBT SERVICE									
RESERVE FUND REQUIREMENT			$201,917								
RESERVE FUND BALANCE			$204,444								
BONDS OUTSTANDING - 06/25/19					$7,180,000						
LESS: SPECIAL CALL - 08/01/20					($290,000)						
LESS: SPECIAL CALL - 11/1/20					($280,000)						
LESS: SPECIAL CALL - 2/1/21					($45,000)						
LESS: PRINCIPAL PAYMENT - 5/1/21					($110,000)						
LESS: SPECIAL CALL - 5/1/21					($30,000)						
LESS: SPECIAL CALL - 8/1/21					($65,000)						
LESS: SPECIAL CALL - 11/1/21					($20,000)						
LESS: PRINCIPAL PAYMENT - 5/1/22					($110,000)						
LESS: SPECIAL CALL - 11/1/22					($20,000)						
LESS: PRINCIPAL PAYMENT - 5/1/23					($115,000)						
LESS: PRINCIPAL PAYMENT - 5/1/24					($120,000)						
CURRENT BONDS OUTSTANDING					$5,975,000						

SERIES 2020, SPECIAL ASSESSMENT REVENUE BONDS AREA 2			
TERM 1	2.625%	$525,000.00	May 1, 2025		
TERM 2	3.20%	$750,000.00	May 1, 2030		
TERM 3	3.75%	$1,965,000.00	May 1, 2040		
TERM 4	4.000%	$3,260,000.00	May 1, 2051		
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE			
RESERVE FUND REQUIREMENT	$184,450			
RESERVE FUND BALANCE	$184,450			
BONDS OUTSTANDING - 11/24/20		$6,500,000	
LESS: PRINCIPAL PAYMENT - 5/1/22		($125,000)	
LESS: PRINCIPAL PAYMENT - 5/1/23		($130,000)	
LESS: PRINCIPAL PAYMENT - 5/1/24		($135,000)	
CURRENT BONDS OUTSTANDING		$6,110,000	

SERIES 2022, SPECIAL ASSESSMENT REVENUE BONDS AREA 3						
TERM 1	3.125%	$415,000.00	November 1, 2027					
TERM 2	3.50%	$370,000.00	November 1, 2032					
TERM 3	4.00%	$2,255,000.00	November 1, 2051					
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE						
RESERVE FUND REQUIREMENT	$77,500						
RESERVE FUND BALANCE	$71,069						
BONDS OUTSTANDING - 03/18/22	$3,040,000					
LESS: PRINCIPAL PAYMENT - 11/1/22	($100,000)					
LESS: SPECIAL CALL - 5/1/23	($50,000)					
LESS: SPECIAL CALL - 5/1/23	($85,000)					
LESS: PRINCIPAL PAYMENT - 11/1/23	($60,000)					
LESS: SPECIAL CALL - 11/1/23	($190,000)					
LESS: SPECIAL CALL - 2/1/24	($80,000)					
LESS: SPECIAL CALL - 5/1/24	($135,000)					
CURRENT BONDS OUTSTANDING	$2,340,000					

TERM 1	

3.250%	

$425,000.00		

May 1, 2027		
TERM 2	3.63%	$505,000.00		May 1, 2032		
TERM 3	4.00%	$1,340,000.00		May 1, 2042		
TERM 4	4.125%	$2,025,000.00		May 1, 2052		
RESERVE FUND DEFINITION		50% MAXIMUM ANNUAL DEBT SERVICE				
RESERVE FUND REQUIREMENT			$124,913			
RESERVE FUND BALANCE			$125,046			
BONDS OUTSTANDING - 03/18/22					$4,295,000	
LESS: PRINCIPAL PAYMENT - 5/1/23					($80,000)	
LESS: PRINCIPAL PAYMENT - 5/1/24					($80,000)	
CURRENT BONDS OUTSTANDING					$4,135,000	

	SERIES 2023, SPECIAL ASSESSMENT REVENUE BONDS AREA 5			
TERM 1	4.875%	$885,000.00	May 1, 2030		
TERM 2	5.63%	$2,860,000.00	May 1, 2043		
TERM 3	5.75%	$4,195,000.00	May 1, 2053		
RESERVE FUND DEFINITION	MAXIMUM ANNUAL DEBT SERVICE			
RESERVE FUND REQUIREMENT	$553,728			
RESERVE FUND BALANCE	$553,728			
BONDS OUTSTANDING - 06/15/23			$7,940,000	
CURRENT BONDS OUTSTANDING	$7,940,000			

SERIES 2024, SPECIAL ASSESSMENT REVENUE BONDS AREA 6			
TERM 1	4.625%	$985,000.00	May 1, 2031		
TERM 2	5.50%	$3,140,000.00	May 1, 2044		
TERM 3	5.75%	$4,575,000.00	May 1, 2054		
RESERVE FUND DEFINITION	LESSER OF:			
(i) MADS			
(ii) 125% Avg Annual DS			
(iii) 10% of Origina l Issue			
RESERVE FUND REQUIREMENT	$603,000			
RESERVE FUND BALANCE	$603,000			
BONDS OUTSTANDING - 03/31/24		$8,700,000	
LESS: PRINCIPAL PAYMENT - 5/1/24		($110,000)	
CURRENT BONDS OUTSTANDING		$8,590,000	
VillaMar
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2024

ON ROLL ASSESSMENTS

Date	
Distribution	
Gross Amount	(Discount)/ Penalty	
Commissions	
Interest	
Net Receipts	
O&M Portion	Series 2019 Debt Service	Series 2020 Debt Service	Series 2022 PH3 Debt Service	Series 2022 PH4 Debt Service	
Total	

11/10/23	
10/13/23 - 10/14/23	
$4,131.74	
($216.89)	
($78.30)	
$0.00	
$3,836.55	
$1,386.58	
$832.87	
$761.27	
$340.48	
$515.34	
$3,836.54	
11/14/23	10/01/23 - 10/31/23	$13,026.44	($521.01)	($250.11)	$0.00	$12,255.32	$4,429.24	$2,660.50	$2,431.78	$1,087.63	$1,646.18	$12,255.33	
11/17/23	11/01/23 - 11/05/23	$29,472.92	($1,178.81)	($565.88)	$0.00	$27,728.23	$10,021.36	$6,019.51	$5,502.01	$2,460.80	$3,724.55	$27,728.23	
11/24/23	11/06/23 - 11/12/23	$33,268.61	($1,330.68)	($638.76)	$0.00	$31,299.17	$11,311.95	$6,794.72	$6,210.58	$2,777.71	$4,204.21	$31,299.17	
11/30/23	1% Fee	($19,998.75)	$0.00	$0.00	$0.00	($19,998.75)	($7,227.82)	($4,341.52)	($3,968.28)	($1,774.83)	($2,686.30)	($19,998.75)	
12/08/23	11/13/23 - 11/22/23	$273,474.89	($10,938.67)	($5,250.72)	$0.00	$257,285.50	$92,986.48	$55,853.99	$51,052.20	$22,833.37	$34,559.45	$257,285.49	
12/21/23	11/23/23 - 11/30/23	$1,316,737.32	($52,748.00)	($25,279.79)	$0.00	$1,238,709.53	$447,686.47	$268,910.90	$245,792.52	$109,932.00	$166,387.63	$1,238,709.52	
12/29/23	12/01/23 - 12/15/23	$129,457.49	($4,930.01)	($2,490.55)	$0.00	$122,036.93	$44,105.81	$26,492.94	$24,215.33	$10,830.44	$16,392.41	$122,036.93	
01/10/24	12/16/23-12/31/23	$146,071.94	($4,402.80)	($2,833.38)	$0.00	$138,835.76	$50,177.13	$30,139.79	$27,548.66	$12,321.29	$18,648.89	$138,835.76	
01/16/24	Interest	$0.00	$0.00	$0.00	$4,823.62	$4,823.62	$1,743.32	$1,047.16	$957.13	$428.08	$647.92	$4,823.61	
02/09/24	1/1/24-1/31/24	$15,434.88	($313.96)	($302.42)	$0.00	$14,818.50	$5,355.61	$3,216.94	$2,940.38	$1,315.10	$1,990.47	$14,818.50	
03/09/24	2/1/24-2/29/24	$8,361.51	($83.62)	($165.56)	$0.00	$8,112.33	$2,931.91	$1,761.10	$1,609.70	$719.95	$1,089.68	$8,112.34	
04/10/24	3/1/24-3/31/24	$13,690.11		($273.80)		$13,416.31	$4,848.84	$2,912.54	$2,662.15	$1,190.66	$1,802.12	$13,416.31	
05/20/24	Interest	$0.00	$0.00	$0.00	$82.66	$82.66	$29.87	$17.94	$16.40	$7.34	$11.10	$82.65	
05/31/24	4/1/24-4/30/24	$2,099.99	$0.00	($42.00)	$0.00	$2,057.99	$743.79	$446.77	$408.36	$182.64	$276.44	$2,058.00	
06/21/24	5/1/24-5/31/24	$8,682.53	$0.00	($173.65)	$0.00	$8,508.88	$3,075.22	$1,847.19	$1,688.39	$755.14	$1,142.94	$8,508.88	
06/28/24	Tax Sale	$6,585.44	$0.00	($131.71)	$0.00	$6,453.73	$2,332.47	$1,401.04	$1,280.59	$572.75	$866.89	$6,453.74	
	TOTAL	$  1,980,497.06	$	(76,664.45)	$	(38,476.63)	$	4,906.28	$	1,870,262.26	$	675,938.23	$	406,014.38	$	371,109.17	$	165,980.55	$	251,219.92	$	1,870,262.25	

DIRECT BILL ASSESSMENTS

2024-01
VMAR Dev LLC			
Net Assessments	
$697,565.77	
$143,837.28	
$553,728.49	
Date
Received	Due
Date	Check
Number	Net
Assessed	Amount
Received	General
Fund	Series 2023
Debt Service	
10/4/23	10/1/23	1407	$71,918.64	$71,918.64	$71,918.64	$0.00	
	2/1/24		$35,959.32	$35,959.32	$35,959.32	$0.00	
	4/1/24		$333,794.11	$0.00	$0.00	$0.00	
	5/1/24		$35,959.32	$0.00	$0.00	$0.00	
	10/1/24		$219,934.38	$0.00	$0.00	$0.00	
			$	697,565.77	$	107,877.96	$	107,877.96	$	-