VillaMar Community Development District

Meeting Agenda August 27, 2025

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VillaMar
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
August 20, 2025

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 Wednesday, August 27, 2025 at 11:00 AM at the Offices of PRIME Community Management, 375 Avenue A SE, 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 (Public Comments are limited to three (3) minutes each)
Approval of Minutes of the June 25, 2025 Board of Supervisors Meeting
Public Hearings
Public Hearing on the Adoption of the Fiscal Year 2025/2026 Budget
Consideration of Resolution 2025-06 Adopting the District’s Fiscal Year 2025/2026 Budget and Appropriating Funds
Public Hearing on the Imposition of Operations and Maintenance Special Assessments
Consideration of Resolution 2025-07 Imposing Special Assessments and Certifying an Assessment Roll
Consideration of Resolution 2025-08 Designation of a Regular Monthly Meeting Date, Time, and Location for Fiscal Year 2025/2026
Consideration of Resolution 2025-09 Spending Authorization Resolution
Consideration of Resolution 2025-10 Adopting Amended Amenity Rules
Presentation of Fiscal Year 2024 Audit Report
Consideration of Audit Services Engagement Letter for Fiscal Year 2025 Audit
Goals and Objectives
Adoption of Fiscal Year 2026 Goals & Objectives
Presentation of Fiscal Year 2025 Goals & Objectives and Authorizing Chair to Execute
Ratification of Quit Claim Deed for Phase 7 Amenity Parcel
Staff Reports
Attorney
Engineer
Field Manager’s Report (to be provided under separate cover)
District Manager’s Report

Approval of Amenity Policy Clarification Regarding Access Card Issuance
Approval of Check Register
Balance Sheet & Income Statement
Other Business
Supervisors Requests and Audience Comments
CLOSED SESSION FOR SECURITY DISCUSSION
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 Wednesday, June 25, 2025 at 11:09 a.m. at the Holiday Inn – Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida.

Present and constituting a quorum:

Lauren Schwenk	Chairperson
Brian Walsh by Zoom	Vice Chairman
Bobbie Henley	Assistant Secretary
Emily Hazelrig	Assistant Secretary Also, present were:
Jill Burns	District Manager, GMS
Meredith Hammock	District Counsel, Kilinski Van Wyk
John Bannon via Zoom	District Engineer, Quiddity Engineering
Marshall Tindall	Field Manager, GMS

The following is a summary of the discussions and actions taken at the June 25, 2025, VillaMar Community Development District’s Regular Board of Supervisors Meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order at 11:09 a.m. Three Supervisors were in attendance constituting a quorum. Mr. Walsh joined by Zoom.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns opened the public comment period on agenda items only.
Resident (Bryan) commented on flooding on his street and was concerned that it would not change and the engineer would need to make some changes. He noted he had lived there for two years and wanted it to be repaired.
Resident (Kathie Melton) commented about the pool and the uncleanliness of it and noted she had observed someone brushing the top part only. She witnessed young people hopping the

June 25, 2025	VillaMar CDD

gate or entering with out permission. She noted the staff was not paying attention to what was happening. She suggested administrators make surprise appearances. She noted she had already addressed the sidewalk issues.
Resident (Naomi Slaughter) stated she had a comment about something that was not on the agenda. Ms. Burns stated they would address those comments later in the meeting.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the May 28,
2025 Board of Supervisors Meeting
Ms. Burns presented the meeting minutes from the May 28, 2025 Board of Supervisors meeting and asked for any corrections, comments, or questions. The Board had no changes to the minutes.

On MOTION by Ms. Henley, seconded by Ms. Hazelrig, with all in favor, the Minutes of the May 28, 2025 Board of Supervisors Meeting, were approved.

FOURTH ORDER OF BUSINESS	Presentation of Arbitrage Rebate Reports
from AMTEC
Series 2022 Phase 3 Project Bonds
Series 2022 Phase 4 Project Bonds
Ms. Burns presented the Phase 3 & 4 bonds and stated they were required to demonstrate the District’s pay on the bonds for the indentures. She added the report confirmed this.

On MOTION by Ms. Henley, seconded by Ms. Hazelrig, with all in favor, Accepting the Arbitrage Rebate Reports from AMTEC, was approved.

FIFTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Hammock stated that ethics training is due by December 31st and Form 1s are due to the state by July 1st.

June 25, 2025	VillaMar CDD

Engineer
Consideration of Proposal for Phase 3 Stormwater Repair
Mr. Bannon provided updates on the flooding issues and noted he has reviewed the problem and have found blockages from dirt in the line during construction. He added it was 50% clogged and noted they are still having issues. Ms. Schwenk asked for clarification on location and if it was a main line. He stated the construction is finished and will proceed with cleaning and a proposal with an addition of an inlet that would allow the elevation above the road. He would like to have a current video and will clean it out if needed. He added this has been submitted for approval. It was explained there was a pipeline between the lots. This would be an emergency plan to address the overflow.
Board discussion ensued regarding the flow, the continued back up, elevation, the swell, presentation of a map, modifications between 37 and 38, and an explanation of the flow of the specific issue.
Mr. Bannon noted the blockage was significant, there has been sediment, and it has been cleaned. Others noted the significant amount of water in the area. He added they have divers sent down to review the main line by the pond. He noted they stated it was clear.
Ms. Burns stated the proposal is for $5,543.71 and would have to come from the capital reserve. She added there was an $85,000 planned transfer has been made.
After discussion the Board decided to approve the proposal. The timeline was discussed, and Mr. Bannon stated the permitting was okay and he will reach out to find out when they can install. It was noted there was a fence across the easement, and they would need permission to gain access. Further discussion was held on the timeline.

On MOTION by Ms. Schwenk, seconded by Ms. Henley, with all in favor, the Proposal for Phase 3 Stormwater Repair, was approved.

Field Manager’s Report (to be provided under separate cover)
Consideration of Proposal for Solar Lights at Mailbox (to be provided under separate cover)
Mr. Tindall reviewed the Field Managers report for the Board which was in the agenda package for review. This included comments on facilities, cleanliness, restroom, garbage cans, cleaning schedule 4 days/week. Additional costs were discussed and a schedule with increased services. He added comments about the chaise lounges.

June 25, 2025	VillaMar CDD

Ms. Burns commented on people jumping the fence, trespassing, suspension of amenity privileges, option on security hours 16 per week, option to staff someone all the time, and she encouraged residents to email GMS management. She added there is not a lot of feedback currently, they do not disclose the security hours, but it could be adjusted with different vendor options seasonally, process for suspension of amenities, encouraging residents to use key cards must happen, current vendor cannot add seasonal hours, and she stated there are other vendors to provide seasonal services for $28/hour for an 8 hours shift.
Ms. Hammock suggested scheduling a shade meeting to address some of the security concerns. Ms. Burns noted they will schedule a shade meeting.
Mr. Tindall continued the review of the report and noted that an aluminum fence was damaged and replaced, storefront order for playground, and dog station installation will begin.
Mr. Tindall reviewed the landscaping maintenance report to include to include a weed issue, palms replaced, storm damage repair, areas on schedule, ponds good, trash issues are being worked on, vendor here 3/month treatment, on-site visits, water ponding in curb area, engineer commented on damage during home building, slight ponding repair costs is high, he recommended to monitor and see how it holds.
Board discussion ensued on Phase 6 &7 and the progress with ponds, sod, washouts, mailboxes, rodents in community, posts and solar lights were discussed for installation. The costs were reviewed to include $1,700 and $2,110 for the streetlights. The Board made the motion to approve 3 solar lights.

On MOTION by Ms. Schwenk, seconded by Ms. Hazelrig, with all in favor, the Proposal for Solar Lights, was approved.

Mr. Tindall made comments on rodent issues and locations, oak tree cluster, pest control recommended stations to be placed for $120 for 3 stations and $12/month to maintain. Staff direction was given to move forward with the stations for pest control.
Mr. Tindall discussed a stop sign that will be painted and speed limits signs will be installed. Mr. Tindall noted he has sought pricing for long term beautification for the community.

June 25, 2025	VillaMar CDD

District Manager’s Report
Approval of Check Register
Ms. Burns stated the check register is included in the agenda package for review. She offered to take any questions.

On MOTION by Ms. Henley, seconded by Ms. Hazelrig, with all in favor, the Check Register, was approved.

Balance Sheet & Income Statement
Ms. Burns noted financial statements through May are in the agenda package for review.
No action is necessary.

SIXTH ORDER OF BUSINESS	Other Business
Ms. Burns noted they had addressed the Phase 3 flooding from the opening comments, and this was approved should address the issues. An additional day for clearing next meeting and bringing security options back to the next meeting.

SEVENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
Ms. Burns opened the meeting for public comments at this time.
Resident (Mary Lee Spotter) commented she had never lived in a commonality with an HOA and wants to know what it is about. She added comments on responsibility of the easement and animal urine and poop in her yard. She asked how this issue should be handled.
Resident (134 Costello Road) commented on treatment for ants, possibility of a recreational area, parking issues, pool cleaning schedule, clarity for cleaning schedule, dead tree needs removal, security issues, and vendor issues with residents’ calling police.
Resident (Vince Nolla) talked about security guards not doing their job. He commented on the front of his house, and pressure washing, grading needed, and everyday there is pooling of water. He commented on mosquitoes, and bad smell causing it to be unbearable.
Resident (Sonya) commented on parking issues, problem with the tow truck, and the rat
issues.
Resident (Trina Burnette) had questions on getting a second pool in the new area and the
responsibility of cutting grasses and trimming.

June 25, 2025	VillaMar CDD

Resident (Bryan & Leisha) commented on concerns if they are getting streetlights in Phase 6, truck parking, and the pool with only 16 hours of security needs to be addressed.
Resident (Kathy Melton) commented on the pool, back and the entrance to VillaMar with very tall grass obstructs driving.
Resident (Bryan) commented on trash in the ponds, the roundabout traffic small curb, police patrol, cars parking correctly being towed, and other towing issues.
Ms. Burns addressed the grass and flags on Cummingham and 653. She stated this is not CDD property and is not CDD maintained. Those are county roads and mowing there would be a county issue. Ms. Burns added there will be a second pool planned from the developer for spring of 2026 in Phase 8. She addressed the area where trucks are parked is not CDD area, it is owned by county. Police have been called to ticket the trucks. Ms. Burns commented on the flags and grass are not CDD property. She added the rodent issue was addressed and pest control will be put in those areas. Ms. Burns stated the Board has asked for security options be brought to the next meeting and what information needs to be provided to the guard and need the residents to report the problems. She explained the guards give hourly reports on numbers and other issues. They will be seen on their phones providing the reports.
Ms. Burns explained the budget, increased cost for security, extra amenities are not planned currently, but can be planned during budget time, but this would increase assessments. Ms. Burns addressed the dead trees on Cunningham and the developer will take care of this. She discussed the waste on the issue and the easement tract, common area tract, or private property. She stated this resident should contact the HOA for this issue.
Mr. Tindall will address the homes, street parking, and the Board is adding phases due to construction. Mr. Tindall stated the pest control is limited to the amenity center and the Board would have to approve adding areas based on budget. He noted parking map will be updated and signs to be updated.
Ms. Burns noted the towing issue is on social media and there is phone evidence of prohibited parking. She added there are pictures for proof. Parking polices and towing were further discussed and adding phases. She noted Phase 6 has no parking and towing policies at this time. Management will mail a notice on updated parking. Parking lots will be added later.
Resident noted the pool vendor and janitorial vendors are not there 6 days per week. Other comments were made on visual staining, and pool issue specifics were provided to GMS.

June 25, 2025	VillaMar CDD

EIGHTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Schwenk, seconded by Ms. Hazelrig, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

Section A

Section 1

RESOLUTION 2025-06

THE ANNUAL APPROPRIATION RESOLUTION OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGETS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2025, AND ENDING SEPTEMBER 30, 2026; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2025, submitted to the Board of Supervisors (“Board”) of the VillaMar Community Development District (“District”) proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2025 and ending September 30, 2026 (“Fiscal Year 2026”) 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, 2026.”

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 two (2) years.

SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2026, the sum of $	 to be raised by the levy of assessments and/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	$		
DEBT SERVICE FUND (SERIES 2019)	$		
DEBT SERVICE FUND (SERIES 2020)	$		
DEBT SERVICE FUND (SERIES 2022 A3)	$		
DEBT SERVICE FUND (SERIES 2022 A4)	$		
DEBT SERVICE FUND (SERIES 2023 A5)	$		
DEBT SERVICE FUND (SERIES 2024 A6)	$		
TOTAL ALL FUNDS	$		
SECTION 3. BUDGET AMENDMENTS		

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2026 or within sixty (60) days following the end of the Fiscal Year 2026 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 27TH DAY OF AUGUST 2025.

ATTEST:	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its:	

Exhibit A:	Adopted Budget for Fiscal Year 2026

VillaMar	
Community Development District	

Approved Proposed Budget	
FY 2026	

Table of Contents

1-2

3-5

6

7

8

9

10

11

12

13

14

15

16

17

18

	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

VillaMar	
Community Development District	
Approved Proposed Budget FY 2026	
General Fund	

Adopted	Actuals	Projected	Total	Approved	
Budget	Thru	Next	Thru	Proposed Budget	
Description	FY2025	7/31/2025	2 Months	9/30/2025	FY 2026	

Revenues						
Assessments - Tax Roll	$	984,004	$	987,743	$	-	$	987,743	$	983,995	
Assessments - Tax Roll - (Platted PH67)	-	-	-	-	276,617	
Assessments - Direct Bill (Unplatted PH8)	71,847	71,844	-	71,844	20,706	
Interest Income	-	11,225	3,000	14,225	5,000	
Miscellaneous Revenue	-	4,408	-	4,408	-	

Total Revenues	$	1,055,851	$	1,075,220	$	3,000	$	1,078,220	$	1,286,318	

Expenditures

Administrative						
Supervisor Fees	$	12,000	$	3,000	$	2,000	$	5,000	$	12,000	
Engineering	7,500	6,213	1,288	7,500	7,500	
Attorney	30,000	14,920	4,866	19,786	30,000	
Annual Audit	5,600	7,100	-	7,100	7,200	
Assessment Administration	10,000	10,000	-	10,000	10,300	
Bonds Amortization Filing	-	4,000	-	4,000	4,000	
Arbitrage	2,700	2,700	-	2,700	2,700	
Dissemination	10,000	8,333	1,667	10,000	10,300	
Trustee Fees	29,800	15,301	9,087	24,388	29,800	
Management Fees	44,625	37,188	7,438	44,625	45,964	
Information Technology	1,890	1,575	315	1,890	1,947	
Website Maintenance	1,260	1,050	210	1,260	1,298	
Postage & Delivery	3,500	975	1,443	2,418	3,000	
Insurance General Liability	6,886	6,408	-	6,408	7,000	
Printing & Binding	500	387	113	500	500	
Legal Advertising	10,000	1,150	3,850	5,000	3,160	
Office Supplies	500	15	485	500	500	
Other Current Charges	1,500	677	4,795	5,472	2,000	
Dues, Licenses & Subscriptions	175	175	-	175	175	

Subtotal Administrative	$	178,436	$	121,167	$	37,555	$	158,722	$	179,343	

Operations & Maintenance

Field Expenditures						
Field Management	$	22,500	$	18,750	$	3,750	$	22,500	$	23,175	
Security Services	36,036	34,566	5,034	39,600	72,000	
Landscape Maintenance	226,000	131,816	17,164	148,980	226,000	
Landscape Replacement	22,500	2,414	20,087	22,500	35,000	
Pond Maintenance	32,000	20,856	2,401	23,256	35,000	
Fountain Maintenance	-	-	-	-	1,000	
Streetlights	166,320	151,523	13,895	165,418	190,000	
Electric	3,000	2,761	820	3,581	5,000	
Water & Sewer	30,000	29,664	9,179	38,843	50,000	
Sidewalk & Asphalt Maintenance	2,500	4,284	-	4,284	5,000	
Irrigation Repairs	10,000	3,081	6,919	10,000	10,000	
General Repairs & Maintenance	25,000	15,307	9,693	25,000	30,000	
Property Insurance	18,854	14,133	-	14,133	27,500	
Contingency	40,000	31,082	-	31,082	25,000	

Subtotal Field Expenditures	$	634,710	$	460,237	$	88,940	$	549,177	$	734,675	

VillaMar	
Community Development District	
Approved Proposed Budget FY 2026	
General Fund	

Adopted	Actuals	Projected	Total	Approved	
Budget	Thru	Next	Thru	Proposed Budget	
Description	FY2025	7/31/2025	2 Months	9/30/2025	FY 2026	

Amenity Expenditures						
Pool Maintenance - Contract	$	34,440	$	33,646	$	10,175	$	34,440	$	70,900	
Pool Maintenance - R&M	-	-	-	-	7,700	
Janitorial Services	11,780	12,170	1,700	13,870	30,700	
Internet	3,000	1,996	421	2,417	5,000	
Pest Control	660	668	100	768	2,000	
Playground & Furniture Lease	35,000	24,749	4,950	29,699	65,000	
Amenity - Electric	18,000	12,303	2,400	14,703	22,000	
Amenity - Water & Sewer	20,000	11,717	2,400	14,117	22,000	
Amenity Access Management	7,500	6,250	1,250	7,500	15,000	
Amenity Repairs & Maintenance	10,000	5,959	2,500	8,459	20,000	
Holiday Decorations	10,000	10,000	-	10,000	20,000	
Contingency	10,000	24,466	1,481	25,947	25,000	

Subtotal Amenity Expenditures	$	160,380	$	143,924	$	27,377	$	161,920	$	305,300	

Total Operations & Maintenance	$	795,090	$	604,162	$	116,317	$	711,098	$	1,039,975	

Total Expenditures	$	973,526	$	725,329	$	153,872	$	869,820	$	1,219,318	

Other Financing Sources/(Uses):

$	(82,325)	$	-	$	(208,400)	$	(208,400)	$	(67,000)	

Capital Reserves

Total Other Financing Uses	$	(82,325)	$	-	$	(208,400)	$	(208,400)	$	(67,000)	

Net Change in Fund Balance	$	-	$	349,891	$	(359,272)	$	-	$	-	

Gross Assessments	
Less: Discounts & Collections 7%	
Net Assessments	

$	1,377,762
 $	96,443 
 $	1,281,318 

Product	

ERU's	
Assessable Units	

ERU/Unit	

Net Assessment	
FY25
Gross Per Unit	
FY26
Gross Per Unit	
Increase/ (Decrease)	
Single Family	1398	1398	1	$983,995	$756.84	$756.84	$0.00	
Phase 7 - Platted	393	393	1	$276,617	$127.90	$756.84	$628.94	
Phase 8 - Unplatted	29	211	0.14	$20,706	$127.90	$105.52	-$22.38	
Total ERU's	1820	2002		$1,281,318				

VillaMar	
Community Development District	
Budget Narrative	
Approved Proposed Budget FY 2026	

REVENUES	
Maintenance Assessements	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.	
Interest
The District earns interest on the monthly average collected balance for each of their operating accounts.	

Expenditures - Administrative	
Supervisors Fees	
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting in which they attend.	
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 currently has a contract with Kilinski Van Wyk, PLLC. to provide legal counsel services. This contract includes preparation for board meetings, review of contracts, review of agreements and resolutions and other research as directed by the Board of Supervisors and the District Manager.	
Annual Audit	
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm.
The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Assessment Administration	
Expenditures with Governmental Management Services related to adminitration of the District's Assessment Roll.	
Bond Amortization Filing	
The District will contract with an independent certified public accountant to calculate and update the District’s Amortization on its Series 2019, Series 2020, Series 2022 Series 2023 and Series 2024 bonds as well as one other anticipated bond issuance.	
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, Series 2022, Series 2023 and Series 2024 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 has contracted with Governmental Management Services to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, 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.	

VillaMar	
Community Development District	
Budget Narrative	
Approved Proposed Budget FY 2026	

Expenditures - Administrative (continued)	
Website Maintenance	
Represents the costs with Governmental Management Services 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 and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Insurance General Liability	
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to Florida Department of Commerce for $175.	

Expenditures - Field	
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.	
Security Services	
Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities.	
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 & Sewer	
Represents current and estimated costs for water and refuse services provided for common areas throughout the District.	

VillaMar	
Community Development District	
Budget Narrative	
Approved Proposed Budget FY 2026	

Expenditures - Field (Continued)	
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.	
Property Insurance	
The District's Property Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.	
Contingency	
Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.	
Expenditures - Amenity	
Amenity - Electric	
Represents estimated electric charges for the District’s amenity facilities.	
Amenity – Water & Sewer	
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 Centers. 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.	
Pool Maintenance	
Represents the costs of regular cleaning and treatments of the District’s pools. The District is contracted with Resort Pool Services for these services.	
Pool R&M	
Represents the costs of repairs and maintenance other than the contractual services of the District’s pools as they occur.	
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.	
Holiday Decorations	
Estimated cost for installation of holiday lights and décor as well as supplies.	
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.	

VillaMar	
Community Development District	
Approved Proposed Budget FY 2026	
Capital Reserve	

Adopted	Actuals	Projected	Projected	Approved	
Budget	Thru	Next	Thru	Proposed Budget	
Description	FY2025	7/31/2025	2 Months	9/30/2025	FY 2026	

Revenues	
Carry Forward Surplus	

$	39,350	$	-	$	82,325	$	82,325	$	141,650	

Total Revenues	$	39,350	$	-	$	82,325	$	82,325	$	141,650	

Expenditures

Chair Lift Replacement	$	10,500	$	-	$	10,500	$	10,500	$	13,500	
Furniture Replacement	12,500	-	12,500	12,500	20,000	
Contingency	600	-	-	-	-	

Total Expenditures	$	23,600	$	-	$	23,000	$	23,000	$	33,500	

Other Financing Sources/(Uses):

Capital Reserves	$	82,325	$	-	$	82,325	$	82,325	$	67,000	

Total Other Financing Uses	$	82,325	$	-	$	82,325	$	82,325	$	67,000	

Net Change in Fund Balance	$	98,075	$	-	$	141,650	$	141,650	$	175,150	

VillaMar	
Community Development District	
Approved Proposed Budget FY 2026	
Series 2019 Area 1 Debt Service Fund	

Adopted	Actual	Projected	Projected	Approved	
Budget	Thru	Next	Thru	Proposed Budget	
Description	FY2025	7/31/2025	2 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Interest Income	
Carry Forward Surplus	

$	403,763	$	405,264	$	-	$	405,264	$	403,763	
-	13,945	2,200	16,145	6,000	
183,440	186,926	-	186,926	202,659	

Total Revenues	$	587,203	$	606,134	$	2,200	$	608,334	$	612,422	
Expenditures

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

$	140,338	$	140,338	$	-	$	140,338	$	137,838	
140,338	140,338	-	140,338	137,838	
125,000	125,000	-	125,000	130,000	

Total Expenditures	$	405,675	$	405,675	$	-	$	405,675	$	405,675	

Net Change in Fund Balance	$	181,528	$	200,459	$	2,200	$	202,659	$	206,747	

Interest Expense 11/1/26	$	135,238	
Total	$	135,238	

Maximum Annual	Net Assessment	Gross Assessment
Product	Assessable Units	Debt Service	Per Unit	Per Unit	
Single Family	333	$	403,763  $	1,213  $	1,304	
333	$	403,763	

VillaMar	
Community Development District	
Series 2019 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	

05/01/25	
$	5,975,000	
4.000%	
$	125,000	
$	140,338	
$	-	
11/01/25	5,850,000	4.000%	-	137,838	403,175	
05/01/26	5,850,000	4.000%	130,000	137,838	-	
11/01/26	5,720,000	4.000%	-	135,238	403,075	
05/01/27	5,720,000	4.000%	135,000	135,238	-	
11/01/27	5,585,000	4.000%	-	132,538	402,775	
05/01/28	5,585,000	4.000%	140,000	132,538	-	
11/01/28	5,445,000	4.000%	-	129,738	402,275	
05/01/29	5,445,000	4.000%	145,000	129,738	-	
11/01/29	5,300,000	4.625%	-	126,838	401,575	
05/01/30	5,300,000	4.625%	150,000	126,838	-	
11/01/30	5,150,000	4.625%	-	123,369	400,206	
05/01/31	5,150,000	4.625%	160,000	123,369	-	
11/01/31	4,990,000	4.625%	-	119,669	403,038	
05/01/32	4,990,000	4.625%	165,000	119,669	-	
11/01/32	4,825,000	4.625%	-	115,853	400,522	
05/01/33	4,825,000	4.625%	175,000	115,853	-	
11/01/33	4,650,000	4.625%	-	111,806	402,659	
05/01/34	4,650,000	4.625%	180,000	111,806	-	
11/01/34	4,470,000	4.625%	-	107,644	399,450	
05/01/35	4,470,000	4.625%	190,000	107,644	-	
11/01/35	4,280,000	4.625%	-	103,250	400,894	
05/01/36	4,280,000	4.625%	200,000	103,250	-	
11/01/36	4,080,000	4.625%	-	98,625	401,875	
05/01/37	4,080,000	4.625%	210,000	98,625	-	
11/01/37	3,870,000	4.625%	-	93,769	402,394	
05/01/38	3,870,000	4.625%	220,000	93,769	-	
11/01/38	3,650,000	4.625%	-	88,681	402,450	
05/01/39	3,650,000	4.625%	230,000	88,681	-	
11/01/39	3,420,000	4.875%	-	83,363	402,044	
05/01/40	3,420,000	4.875%	240,000	83,363	-	
11/01/40	3,180,000	4.875%	-	77,513	400,875	
05/01/41	3,180,000	4.875%	255,000	77,513	-	
11/01/41	2,925,000	4.875%	-	71,297	403,809	
05/01/42	2,925,000	4.875%	265,000	71,297	-	
11/01/42	2,660,000	4.875%	-	64,838	401,134	
05/01/43	2,660,000	4.875%	280,000	64,838	-	
11/01/43	2,380,000	4.875%	-	58,013	402,850	
05/01/44	2,380,000	4.875%	295,000	58,013	-	
11/01/44	2,085,000	4.875%	-	50,822	403,834	
05/01/45	2,085,000	4.875%	305,000	50,822	-	
11/01/45	1,780,000	4.875%	-	43,388	399,209	
05/01/46	1,780,000	4.875%	320,000	43,388	-	
11/01/46	1,460,000	4.875%	-	35,588	398,975	
05/01/47	1,460,000	4.875%	340,000	35,588	-	
11/01/47	1,120,000	4.875%	-	27,300	402,888	
05/01/48	1,120,000	4.875%	355,000	27,300	-	
11/01/48	765,000	4.875%	-	18,647	400,947	
05/01/49	765,000	4.875%	375,000	18,647	-	
11/01/49	390,000	4.875%	-	9,506	403,153	
05/01/50	390,000	4.875%	390,000	9,506	399,506	

$	5,975,000	$	4,470,588	$	10,445,588	

VillaMar	
Community Development District	
Approved Proposed Budget FY 2026	
Series 2020 Area 2 Debt Service Fund	

Adopted	Actual	Projected	Projected	Approved	
Budget	Thru	Next	Thru	Proposed Budget	
Description	FY2025	7/31/2025	2 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Interest Income	
Carry Forward Surplus	

$	369,050	$	370,423	$	-	$	370,423	$	369,050	
-	12,547	2,000	14,547	5,000	
159,690	161,119	-	161,119	179,457	

Total Revenues	$	528,740	$	544,088	$	2,000	$	546,088	$	553,507	
Expenditures

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

$	115,816	$	115,816	$	-	$	115,816	$	114,044	
115,816	115,816	-	115,816	114,044	
135,000	135,000	-	135,000	140,000	

Total Expenditures	$	366,631	$	366,631	$	-	$	366,631	$	368,088	

Net Change in Fund Balance	$	162,109	$	177,457	$	2,000	$	179,457	$	185,419	

Interest Expense 11/1/26	$	111,804	
Total	$	111,804	

Maximum Annual	Net Assessment	Gross Assessment
Product	Assessable Units	Debt Service	Per Unit	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	

VillaMar	
Community Development District	
Series 2020 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	

05/01/25	$	6,110,000	2.625%	$	135,000	$	115,816	$	-	
11/01/25	5,975,000	3.200%	-	114,044	364,859	
05/01/26	5,975,000	3.200%	140,000	114,044	-	
11/01/26	5,835,000	3.200%	-	111,804	365,848	
05/01/27	5,835,000	3.200%	145,000	111,804	-	
11/01/27	5,690,000	3.200%	-	109,484	366,288	
05/01/28	5,690,000	3.200%	150,000	109,484	-	
11/01/28	5,540,000	3.200%	-	107,084	366,568	
05/01/29	5,540,000	3.200%	155,000	107,084	-	
11/01/29	5,385,000	3.200%	-	104,604	366,688	
05/01/30	5,385,000	3.200%	160,000	104,604	-	
11/01/30	5,225,000	3.750%	-	102,044	366,648	
05/01/31	5,225,000	3.750%	165,000	102,044	-	
11/01/31	5,060,000	3.750%	-	98,950	365,994	
05/01/32	5,060,000	3.750%	170,000	98,950	-	
11/01/32	4,890,000	3.750%	-	95,763	364,713	
05/01/33	4,890,000	3.750%	180,000	95,763	-	
11/01/33	4,710,000	3.750%	-	92,388	368,150	
05/01/34	4,710,000	3.750%	185,000	92,388	-	
11/01/34	4,525,000	3.750%	-	88,919	366,306	
05/01/35	4,525,000	3.750%	190,000	88,919	-	
11/01/35	4,335,000	3.750%	-	85,356	364,275	
05/01/36	4,335,000	3.750%	200,000	85,356	-	
11/01/36	4,135,000	3.750%	-	81,606	366,963	
05/01/37	4,135,000	3.750%	205,000	81,606	-	
11/01/37	3,930,000	3.750%	-	77,763	364,369	
05/01/38	3,930,000	3.750%	215,000	77,763	-	
11/01/38	3,715,000	3.750%	-	73,731	366,494	
05/01/39	3,715,000	3.750%	225,000	73,731	-	
11/01/39	3,490,000	3.750%	-	69,513	368,244	
05/01/40	3,490,000	3.750%	230,000	69,513	-	
11/01/40	3,260,000	3.750%	-	65,200	364,713	
05/01/41	3,260,000	4.000%	240,000	65,200	-	
11/01/41	3,020,000	4.000%	-	60,400	365,600	
05/01/42	3,020,000	4.000%	250,000	60,400	-	
11/01/42	2,770,000	4.000%	-	55,400	365,800	
05/01/43	2,770,000	4.000%	260,000	55,400	-	
11/01/43	2,510,000	4.000%	-	50,200	365,600	
05/01/44	2,510,000	4.000%	270,000	50,200	-	
11/01/44	2,240,000	4.000%	-	44,800	365,000	
05/01/45	2,240,000	4.000%	285,000	44,800	-	
11/01/45	1,955,000	4.000%	-	39,100	368,900	
05/01/46	1,955,000	4.000%	295,000	39,100	-	
11/01/46	1,660,000	4.000%	-	33,200	367,300	
05/01/47	1,660,000	4.000%	305,000	33,200	-	
11/01/47	1,355,000	4.000%	-	27,100	365,300	
05/01/48	1,355,000	4.000%	320,000	27,100	-	
11/01/48	1,035,000	4.000%	-	20,700	367,800	
05/01/49	1,035,000	4.000%	330,000	20,700	-	
11/01/49	705,000	4.000%	-	14,100	364,800	
05/01/50	705,000	4.000%	345,000	14,100	-	
11/01/50	360,000	4.000%	-	7,200	366,300	
05/01/51	360,000	4.000%	360,000	7,200	367,200	

$	6,110,000	$	3,776,716	$	9,886,716	

VillaMar	
Community Development District	
Approved Proposed Budget FY 2026	
Series 2022 Area 3 Debt Service Fund	

Adopted	Actual	Projected	Projected	Approved	
Budget	Thru	Next	Thru	Proposed Budget	
Description	FY2025	7/31/2025	2 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Assessments - Prepayments	
Interest Income	
Carry Forward Surplus	

$	165,060	$	139,422	$	-	$	139,422	$	138,905	
-	-	-	-	-	
-	6,103	1,200	7,303	1,000	
66,015	129,842	-	129,842	139,217	

Total Revenues	$	231,074	$	275,367	$	1,200	$	276,567	$	279,122	

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

$	44,066	$	44,066	$	-	$	44,066	$	43,284	
43,284	43,284	-	43,284	42,503	
50,000	50,000	-	50,000	50,000	

Total Expenditures	$	137,350	$	137,350	$	-	$	137,350	$	135,788	

Net Change in Fund Balance	$	93,724	$	138,017	$	1,200	$	139,217	$	143,335	

Interest Expense 11/1/26	$	42,503	
Principal Expense 11/1/26	$	50,000	
Total	$	92,503	

Maximum Annual	Net Assessment	Gross Assessment
Product	Assessable Units	Debt Service	Per Unit	Per Unit	
Single Family	83	$	103,394  $	1,246  $	1,339.48	
Single Family - Paid Down	57	$	35,511  $	623  $	669.89	
140	$	138,905	

VillaMar	
Community Development District	
Series 2022 A3 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	
05/01/25	$	2,235,000	3.125%	$	-	$	43,284	$	-	
11/01/25	2,235,000	3.125%	50,000	43,284	136,569	
05/01/26	2,185,000	3.125%	-	42,503	-	
11/01/26	2,185,000	3.125%	50,000	42,503	135,006	
05/01/27	2,135,000	3.125%	-	41,722	-	
11/01/27	2,135,000	3.125%	55,000	41,722	138,444	
05/01/28	2,080,000	3.500%	-	40,863	-	
11/01/28	2,080,000	3.500%	55,000	40,863	136,725	
05/01/29	2,025,000	3.500%	-	39,900	-	
11/01/29	2,025,000	3.500%	55,000	39,900	134,800	
05/01/30	1,970,000	3.500%	-	38,938	-	
11/01/30	1,970,000	3.500%	60,000	38,938	137,875	
05/01/31	1,910,000	3.500%	-	37,888	-	
11/01/31	1,910,000	3.500%	60,000	37,888	135,775	
05/01/32	1,850,000	3.500%	-	36,838	-	
11/01/32	1,850,000	3.500%	65,000	36,838	138,675	
05/01/33	1,785,000	4.000%	-	35,700	-	
11/01/33	1,785,000	4.000%	65,000	35,700	136,400	
05/01/34	1,720,000	4.000%	-	34,400	-	
11/01/34	1,720,000	4.000%	65,000	34,400	133,800	
05/01/35	1,655,000	4.000%	-	33,100	-	
11/01/35	1,655,000	4.000%	70,000	33,100	136,200	
05/01/36	1,585,000	4.000%	-	31,700	-	
11/01/36	1,585,000	4.000%	75,000	31,700	138,400	
05/01/37	1,510,000	4.000%	-	30,200	-	
11/01/37	1,510,000	4.000%	75,000	30,200	135,400	
05/01/38	1,435,000	4.000%	-	28,700	-	
11/01/38	1,435,000	4.000%	80,000	28,700	137,400	
05/01/39	1,355,000	4.000%	-	27,100	-	
11/01/39	1,355,000	4.000%	80,000	27,100	134,200	
05/01/40	1,275,000	4.000%	-	25,500	-	
11/01/40	1,275,000	4.000%	85,000	25,500	136,000	
05/01/41	1,190,000	4.000%	-	23,800	-	
11/01/41	1,190,000	4.000%	90,000	23,800	137,600	
05/01/42	1,100,000	4.000%	-	22,000	-	
11/01/42	1,100,000	4.000%	90,000	22,000	134,000	
05/01/43	1,010,000	4.000%	-	20,200	-	
11/01/43	1,010,000	4.000%	95,000	20,200	135,400	
05/01/44	915,000	4.000%	-	18,300	-	
11/01/44	915,000	4.000%	100,000	18,300	136,600	
05/01/45	815,000	4.000%	-	16,300	-	
11/01/45	815,000	4.000%	105,000	16,300	137,600	
05/01/46	710,000	4.000%	-	14,200	-	
11/01/46	710,000	4.000%	110,000	14,200	138,400	
05/01/47	600,000	4.000%	-	12,000	-	
11/01/47	600,000	4.000%	110,000	12,000	134,000	
05/01/48	490,000	4.000%	-	9,800	-	
11/01/48	490,000	4.000%	115,000	9,800	134,600	
05/01/49	375,000	4.000%	-	7,500	-	
11/01/49	375,000	4.000%	120,000	7,500	135,000	
05/01/50	255,000	4.000%	-	5,100	-	
11/1/1950	255,000	4.000%	125,000	5,100	135,200	
5/1/1951	130,000	4.000%	-	2,600	-	
11/1/1951	130,000	4.000%	130,000	2,600	135,200	

$	2,235,000	$	1,440,269	$	3,675,269	

VillaMar	
Community Development District	
Approved Proposed Budget FY 2026	
Series 2022 Area 4 Debt Service Fund	

Adopted	Actual	Projected	Projected	Approved	
Budget	Thru	Next	Thru	Proposed Budget	
Description	FY2025	7/31/2025	2 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Interest Income	
Carry Forward Surplus	

$	249,825	$	250,755	$	-	$	250,755	$	249,798	
-	8,618	-	8,618	-	
114,869	116,278	1,400	117,678	128,001	

Total Revenues	$	364,694	$	375,651	$	1,400	$	377,051	$	377,799	

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

$	82,025	$	82,025	$	-	$	82,025	$	80,644	
82,025	82,025	-	82,025	80,644	
85,000	85,000	-	85,000	90,000	

Total Expenditures	$	249,050	$	249,050	$	-	$	249,050	$	251,288	

Net Change in Fund Balance	$	115,644	$	126,601	$	1,400	$	128,001	$	126,511	

Interest Expense 11/1/26	$	79,181	
Total	$	79,181	

Maximum Annual	Net Assessment	Gross Assessment
Product	Assessable Units	Debt Service	Per Unit	Per Unit	
Single Family	200	$	249,798  $	1,249  $	1,343	
200	$	249,798	

VillaMar	
Community Development District	
Series 2022 A4 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	
05/01/25	$	4,135,000	3.250%	$	85,000	$	82,025	$	-	
11/01/25	4,050,000	3.250%	-	80,644	247,669	
05/01/26	3,870,000	3.250%	90,000	80,644	-	
11/01/26	3,870,000	3.250%	-	79,181	249,825	
05/01/27	3,870,000	3.250%	90,000	79,181	-	
11/01/27	3,870,000	3.625%	-	77,719	246,900	
05/01/28	3,870,000	3.625%	95,000	77,719	-	
11/01/28	3,775,000	3.625%	-	75,997	248,716	
05/01/29	3,775,000	3.625%	95,000	75,997	-	
11/01/29	3,680,000	3.625%	-	74,275	245,272	
05/01/30	3,680,000	3.625%	100,000	74,275	-	
11/01/30	3,365,000	3.625%	-	72,463	246,738	
05/01/31	3,365,000	3.625%	105,000	72,463	-	
11/01/31	3,365,000	3.625%	-	70,559	248,022	
05/01/32	3,365,000	3.625%	110,000	70,559	-	
11/01/32	3,365,000	4.000%	-	68,566	249,125	
05/01/33	3,365,000	4.000%	110,000	68,566	-	
11/01/33	3,255,000	4.000%	-	66,366	244,931	
05/01/34	3,255,000	4.000%	115,000	66,366	-	
11/01/34	3,140,000	4.000%	-	64,066	245,431	
05/01/35	3,140,000	4.000%	120,000	64,066	-	
11/01/35	3,020,000	4.000%	-	61,666	245,731	
05/01/36	3,020,000	4.000%	125,000	61,666	-	
11/01/36	2,895,000	4.000%	-	59,166	245,831	
05/01/37	2,895,000	4.000%	130,000	59,166	-	
11/01/37	2,765,000	4.000%	-	56,566	245,731	
05/01/38	2,765,000	4.000%	135,000	56,566	-	
11/01/38	2,630,000	4.000%	-	53,866	245,431	
05/01/39	2,630,000	4.000%	140,000	53,866	-	
11/01/39	2,490,000	4.000%	-	51,066	244,931	
05/01/40	2,490,000	4.000%	150,000	51,066	-	
11/01/40	2,025,000	4.000%	-	48,066	249,131	
05/01/41	2,025,000	4.000%	155,000	48,066	-	
11/01/41	2,025,000	4.000%	-	44,966	248,031	
05/01/42	2,025,000	4.000%	160,000	44,966	-	
11/01/42	2,025,000	4.125%	-	41,766	246,731	
05/01/43	2,025,000	4.125%	165,000	41,766	-	
11/01/43	1,860,000	4.125%	-	38,363	245,128	
05/01/44	1,860,000	4.125%	175,000	38,363	-	
11/01/44	1,685,000	4.125%	-	34,753	248,116	
05/01/45	1,685,000	4.125%	180,000	34,753	-	
11/01/45	1,505,000	4.125%	-	31,041	245,794	
05/01/46	1,505,000	4.125%	190,000	31,041	-	
11/01/46	1,315,000	4.125%	-	27,122	248,163	
05/01/47	1,315,000	4.125%	195,000	27,122	-	
11/01/47	1,120,000	4.125%	-	23,100	245,222	
05/01/48	1,120,000	4.125%	205,000	23,100	-	
11/01/48	915,000	4.125%	-	18,872	246,972	
05/01/49	915,000	4.125%	215,000	18,872	-	
11/01/49	700,000	4.125%	-	14,438	248,309	
05/01/50	700,000	4.125%	225,000	14,438	-	
11/01/50	475,000	4.125%	-	9,797	249,234	
05/01/51	475,000	4.125%	235,000	9,797	-	
11/01/51	240,000	4.125%	-	4,950	249,747	
05/01/52	240,000	4.125%	240,000	4,950	244,950	
			$	4,135,000	$	2,780,813	$	6,915,813	

VillaMar	
Community Development District	
Approved Proposed Budget FY 2026	
Series 2023 Area 5 Debt Service Fund	

Adopted	Actual	Projected	Projected	Approved	
Budget	Thru	Next	Thru	Proposed Budget	
Description	FY2025	7/31/2025	2 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Prepayments	
Interest Income	
Carry Forward Surplus	

$	553,728	$	540,105	$	-	$	540,105	$	538,103	
-	310,618	-	310,618	-	
-	20,225	3,800	24,025	5,000	
336,869	411,681	-	411,681	350,715	

Total Revenues	$	890,597	$  1,282,628	$	3,800	$  1,286,428	$	893,818	

Expenditures	
Interest - 11/1	
Special Call - 11/1	
Special Call - 2/1	
Interest 2/1	
Interest - 5/1	
Principal - 5/1	
Special Call - 5/1	
Special Call - 8/1	

$	219,934	$	217,656	$	-	$	217,656	$	203,881	
-	140,000	-	140,000	-	
-	50,000	-	50,000	-	
-	713	-	713	-	
219,934	212,344	-	212,344	203,881	
115,000	110,000	-	110,000	115,000	
-	80,000	-	80,000	-	
-	-	125,000	125,000	-	

Total Expenditures	$	554,869	$	810,713	$	125,000	$	935,713	$	522,763	

Net Change in Fund Balance	$	335,729	$	471,915	$	(121,200)	$	350,715	$	371,055	

Interest Expense 11/1/26	$	201,078	
Total	$	201,078	

Maximum Annual	Net Assessment	Gross Assessment
Product	Assessable Units	Debt Service	Per Unit	Per Unit	
Single Family	418	$	522,478  $	1,250  $	1,344	
Single Family	25	$	15,624 $	625 $	672	
418	$	538,103	

VillaMar	
Community Development District	
Series 2023 A5 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	
05/01/25	7,560,000	4.875%	$	190,000	$	212,344	$	-	
08/01/25	7,370,000	4.875%	125,000	-		
11/01/25	7,245,000	4.875%	-	203,881	731,225	
05/01/26	7,245,000	4.875%	115,000	203,881		
11/01/26	7,130,000	4.875%	-	201,078	519,959	
05/01/27	7,130,000	4.875%	120,000	201,078		
11/01/27	7,010,000	4.875%	-	198,153	519,231	
05/01/28	7,010,000	4.875%	125,000	198,153		
11/01/28	6,885,000	4.875%	-	195,106	518,259	
05/01/29	6,885,000	4.875%	130,000	195,106		
11/01/29	6,755,000	4.875%	-	191,938	517,044	
05/01/30	6,755,000	4.875%	135,000	191,938		
11/01/30	6,620,000	5.625%	-	188,647	515,584	
05/01/31	6,620,000	5.625%	145,000	188,647		
11/01/31	6,475,000	5.625%	-	184,569	518,216	
05/01/32	6,475,000	5.625%	155,000	184,569		
11/01/32	6,320,000	5.625%	-	180,209	519,778	
05/01/33	6,320,000	5.625%	160,000	180,209		
11/01/33	6,160,000	5.625%	-	175,709	515,919	
05/01/34	6,160,000	5.625%	170,000	175,709		
11/01/34	5,990,000	5.625%	-	170,928	516,638	
05/01/35	5,990,000	5.625%	180,000	170,928		
11/01/35	5,810,000	5.625%	-	165,866	516,794	
05/01/36	5,810,000	5.625%	190,000	165,866		
11/01/36	5,620,000	5.625%	-	160,522	516,388	
05/01/37	5,620,000	5.625%	200,000	160,522		
11/01/37	5,420,000	5.625%	-	154,897	515,419	
05/01/38	5,420,000	5.625%	215,000	154,897		
11/01/38	5,205,000	5.625%	-	148,850	518,747	
05/01/39	5,205,000	5.625%	225,000	148,850		
11/01/39	4,980,000	5.625%	-	142,522	516,372	
05/01/40	4,980,000	5.625%	240,000	142,522		
11/01/40	4,740,000	5.625%	-	135,772	518,294	
05/01/41	4,740,000	5.625%	255,000	135,772		
11/01/41	4,485,000	5.625%	-	128,600	519,372	
05/01/42	4,485,000	5.625%	265,000	128,600		
11/01/42	4,220,000	5.625%	-	121,147	514,747	
05/01/43	4,220,000	5.625%	285,000	121,147		
11/01/43	3,935,000	5.625%	-	113,131	519,278	
05/01/44	3,935,000	5.750%	300,000	113,131		
11/01/44	3,635,000	5.750%	-	104,506	517,638	
05/01/45	3,635,000	5.750%	315,000	104,506		
11/01/45	3,320,000	5.750%	-	95,450	514,956	
05/01/46	3,320,000	5.750%	335,000	95,450		
11/01/46	2,985,000	5.750%	-	85,819	516,269	
05/01/47	2,985,000	5.750%	355,000	85,819		
11/01/47	2,630,000	5.750%	-	75,613	516,431	
05/01/48	2,630,000	5.750%	375,000	75,613		
11/01/48	2,255,000	5.750%	-	64,831	515,444	
05/01/49	2,255,000	5.750%	400,000	64,831		
11/01/49	1,855,000	5.750%	-	53,331	518,163	
05/01/50	1,855,000	5.750%	425,000	53,331		
11/01/50	1,430,000	5.750%	-	41,113	519,444	
05/01/51	1,430,000	5.750%	450,000	41,113		
11/01/51	980,000	5.750%	-	28,175	519,288	
05/01/52	980,000	5.750%	475,000	28,175		
11/01/52	505,000	5.750%	-	14,519	517,694	
05/01/53	505,000	5.750%	505,000	14,519	519,519	
			$	7,560,000	$	7,662,106	$  15,222,106	

VillaMar	
Community Development District	
Approved Proposed Budget FY 2026	
Series 2024 Area 6 Debt Service Fund	

Proposed	Actual	Projected	Projected	Approved	
Budget	Thru	Next	Thru	Proposed Budget	
Description	FY2025	7/31/2025	2 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Direct	
Interest Income	
Carry Forward Surplus	

$	603,000	$	451,763	$	151,237	$	603,000	$	603,000	
-	24,679	3,200	27,879	20,000	
343,608	265,349	-	265,349	343,608	

Total Revenues	$	946,608	$	741,790	$	154,437	$	896,228	$	966,608	

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

$	343,608	$	240,659	$	-	$	240,659	$	237,884	
240,659	240,659	-	240,659	237,884	
120,000	120,000	-	120,000	130,000	

Total Expenditures	$	704,267	$	601,319	$	-	$	601,319	$	605,769	

Net Change in Fund Balance	$	242,341	$	140,472	$	154,437	$	294,909	$	360,839	

Interest Expense 11/1/26	$	234,878	
Total	$	234,878	

Maximum Annual	Net Assessment	Gross Assessment
Product	Assessable Units	Debt Service	Per Unit	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	

Date	Balance	Coupon	Prinicpal	Interest	Total	
05/01/25	$	8,700,000	4.625%	$	120,000	$	240,659	$	-	
11/01/25	8,580,000	4.625%	-	237,884	598,544	
05/01/26	8,580,000	4.625%	130,000	237,884	-	
11/01/26	8,450,000	4.625%	-	234,878	602,763	
05/01/27	8,450,000	4.625%	135,000	234,878	-	
11/01/27	8,315,000	4.625%	-	231,756	601,634	
05/01/28	8,315,000	4.625%	140,000	231,756	-	
11/01/28	8,175,000	4.625%	-	228,519	600,275	
05/01/29	8,175,000	4.625%	145,000	228,519	-	
11/01/29	8,030,000	4.625%	-	225,166	598,684	
05/01/30	8,030,000	4.625%	155,000	225,166	-	
11/01/30	7,875,000	4.625%	-	221,581	601,747	
05/01/31	7,875,000	4.625%	160,000	221,581	-	
11/01/31	7,715,000	5.500%	-	217,881	599,463	
05/01/32	7,715,000	5.500%	170,000	217,881	-	
11/01/32	7,545,000	5.500%	-	213,206	601,088	
05/01/33	7,545,000	5.500%	180,000	213,206	-	
11/01/33	7,365,000	5.500%	-	208,256	601,463	
05/01/34	7,365,000	5.500%	190,000	208,256	-	
11/01/34	7,175,000	5.500%	-	203,031	601,288	
05/01/35	7,175,000	5.500%	200,000	203,031	-	
11/01/35	6,975,000	5.500%	-	197,531	600,563	
05/01/36	6,975,000	5.500%	210,000	197,531	-	
11/01/36	6,765,000	5.500%	-	191,756	599,288	
05/01/37	6,765,000	5.500%	225,000	191,756	-	
11/01/37	6,540,000	5.500%	-	185,569	602,325	
05/01/38	6,540,000	5.500%	235,000	185,569	-	
11/01/38	6,305,000	5.500%	-	179,106	599,675	
05/01/39	6,305,000	5.500%	250,000	179,106	-	
11/01/39	6,055,000	5.500%	-	172,231	601,338	
05/01/40	6,055,000	5.500%	265,000	172,231	-	
11/01/40	5,790,000	5.500%	-	164,944	602,175	
05/01/41	5,790,000	5.500%	280,000	164,944	-	
11/01/41	5,510,000	5.500%	-	157,244	602,188	
05/01/42	5,510,000	5.500%	295,000	157,244	-	
11/01/42	5,215,000	5.500%	-	149,131	601,375	
05/01/43	5,215,000	5.500%	310,000	149,131	-	
11/01/43	4,905,000	5.500%	-	140,606	599,738	
05/01/44	4,905,000	5.500%	330,000	140,606	-	
11/01/44	4,575,000	5.750%	-	131,531	602,138	
05/01/45	4,575,000	5.750%	350,000	131,531	-	
11/01/45	4,225,000	5.750%	-	121,469	603,000	
05/01/46	4,225,000	5.750%	370,000	121,469	-	
11/01/46	3,855,000	5.750%	-	110,831	602,300	
05/01/47	3,855,000	5.750%	390,000	110,831	-	
11/01/47	3,465,000	5.750%	-	99,619	600,450	
05/01/48	3,465,000	5.750%	415,000	99,619	-	
11/01/48	3,050,000	5.750%	-	87,688	602,306	
05/01/49	3,050,000	5.750%	440,000	87,688	-	
11/01/49	2,610,000	5.750%	-	75,038	602,725	
05/01/50	2,610,000	5.750%	465,000	75,038	-	
11/01/50	2,145,000	5.750%	-	61,669	601,706	
05/01/51	2,145,000	5.750%	490,000	61,669	-	
11/01/51	1,655,000	5.750%	-	47,581	599,250	
05/01/52	1,655,000	5.750%	520,000	47,581	-	
11/01/52	1,135,000	5.750%	-	32,631	600,213	
05/01/53	1,135,000	5.750%	550,000	32,631	-	
11/01/53	585,000	5.750%	-	16,819	599,450	
05/01/54	585,000	5.750%	585,000	16,819	601,819	
			$	8,700,000	$	9,330,966	$	18,030,966	

Section B

Section 1

RESOLUTION 2025-07

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 2026; 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, 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, 2025, and ending September 30, 2026 (“Fiscal Year 2026”), 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 an assessment for debt service, which the District desires to collect for Fiscal Year 2026; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such 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 to this Resolution 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. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.
SECTION 3. COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST.

Tax Roll Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed 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 imposed on the Direct Collect

Property shall 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, 2025; 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, 2025, 25% due no later than February 1, 2026 and 25% due no later than May 1, 2026. 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 2026, 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 27TH DAY OF AUGUST 2025.

ATTEST:	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

By: 	

Its: 	

Exhibit A:	Adopted Budget for Fiscal Year 2026
Exhibit B:	Assessment Roll (Uniform Method) Assessment Roll (Direct Collect)

VillaMar	
Community Development District	

Approved Proposed Budget	
FY 2026	

Table of Contents

1-2

3-5

6

7

8

9

10

11

12

13

14

15

16

17

18

	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

VillaMar	
Community Development District	
Approved Proposed Budget FY 2026	
General Fund	

Adopted	Actuals	Projected	Total	Approved	
Budget	Thru	Next	Thru	Proposed Budget	
Description	FY2025	7/31/2025	2 Months	9/30/2025	FY 2026	

Revenues						
Assessments - Tax Roll	$	984,004	$	987,743	$	-	$	987,743	$	983,995	
Assessments - Tax Roll - (Platted PH67)	-	-	-	-	276,617	
Assessments - Direct Bill (Unplatted PH8)	71,847	71,844	-	71,844	20,706	
Interest Income	-	11,225	3,000	14,225	5,000	
Miscellaneous Revenue	-	4,408	-	4,408	-	

Total Revenues	$	1,055,851	$	1,075,220	$	3,000	$	1,078,220	$	1,286,318	

Expenditures

Administrative						
Supervisor Fees	$	12,000	$	3,000	$	2,000	$	5,000	$	12,000	
Engineering	7,500	6,213	1,288	7,500	7,500	
Attorney	30,000	14,920	4,866	19,786	30,000	
Annual Audit	5,600	7,100	-	7,100	7,200	
Assessment Administration	10,000	10,000	-	10,000	10,300	
Bonds Amortization Filing	-	4,000	-	4,000	4,000	
Arbitrage	2,700	2,700	-	2,700	2,700	
Dissemination	10,000	8,333	1,667	10,000	10,300	
Trustee Fees	29,800	15,301	9,087	24,388	29,800	
Management Fees	44,625	37,188	7,438	44,625	45,964	
Information Technology	1,890	1,575	315	1,890	1,947	
Website Maintenance	1,260	1,050	210	1,260	1,298	
Postage & Delivery	3,500	975	1,443	2,418	3,000	
Insurance General Liability	6,886	6,408	-	6,408	7,000	
Printing & Binding	500	387	113	500	500	
Legal Advertising	10,000	1,150	3,850	5,000	3,160	
Office Supplies	500	15	485	500	500	
Other Current Charges	1,500	677	4,795	5,472	2,000	
Dues, Licenses & Subscriptions	175	175	-	175	175	

Subtotal Administrative	$	178,436	$	121,167	$	37,555	$	158,722	$	179,343	

Operations & Maintenance

Field Expenditures						
Field Management	$	22,500	$	18,750	$	3,750	$	22,500	$	23,175	
Security Services	36,036	34,566	5,034	39,600	72,000	
Landscape Maintenance	226,000	131,816	17,164	148,980	226,000	
Landscape Replacement	22,500	2,414	20,087	22,500	35,000	
Pond Maintenance	32,000	20,856	2,401	23,256	35,000	
Fountain Maintenance	-	-	-	-	1,000	
Streetlights	166,320	151,523	13,895	165,418	190,000	
Electric	3,000	2,761	820	3,581	5,000	
Water & Sewer	30,000	29,664	9,179	38,843	50,000	
Sidewalk & Asphalt Maintenance	2,500	4,284	-	4,284	5,000	
Irrigation Repairs	10,000	3,081	6,919	10,000	10,000	
General Repairs & Maintenance	25,000	15,307	9,693	25,000	30,000	
Property Insurance	18,854	14,133	-	14,133	27,500	
Contingency	40,000	31,082	-	31,082	25,000	

Subtotal Field Expenditures	$	634,710	$	460,237	$	88,940	$	549,177	$	734,675	

VillaMar	
Community Development District	
Approved Proposed Budget FY 2026	
General Fund	

Adopted	Actuals	Projected	Total	Approved	
Budget	Thru	Next	Thru	Proposed Budget	
Description	FY2025	7/31/2025	2 Months	9/30/2025	FY 2026	

Amenity Expenditures						
Pool Maintenance - Contract	$	34,440	$	33,646	$	10,175	$	34,440	$	70,900	
Pool Maintenance - R&M	-	-	-	-	7,700	
Janitorial Services	11,780	12,170	1,700	13,870	30,700	
Internet	3,000	1,996	421	2,417	5,000	
Pest Control	660	668	100	768	2,000	
Playground & Furniture Lease	35,000	24,749	4,950	29,699	65,000	
Amenity - Electric	18,000	12,303	2,400	14,703	22,000	
Amenity - Water & Sewer	20,000	11,717	2,400	14,117	22,000	
Amenity Access Management	7,500	6,250	1,250	7,500	15,000	
Amenity Repairs & Maintenance	10,000	5,959	2,500	8,459	20,000	
Holiday Decorations	10,000	10,000	-	10,000	20,000	
Contingency	10,000	24,466	1,481	25,947	25,000	

Subtotal Amenity Expenditures	$	160,380	$	143,924	$	27,377	$	161,920	$	305,300	

Total Operations & Maintenance	$	795,090	$	604,162	$	116,317	$	711,098	$	1,039,975	

Total Expenditures	$	973,526	$	725,329	$	153,872	$	869,820	$	1,219,318	

Other Financing Sources/(Uses):

$	(82,325)	$	-	$	(208,400)	$	(208,400)	$	(67,000)	

Capital Reserves

Total Other Financing Uses	$	(82,325)	$	-	$	(208,400)	$	(208,400)	$	(67,000)	

Net Change in Fund Balance	$	-	$	349,891	$	(359,272)	$	-	$	-	

Gross Assessments	
Less: Discounts & Collections 7%	
Net Assessments	

$	1,377,762
 $	96,443 
 $	1,281,318 

Product	

ERU's	
Assessable Units	

ERU/Unit	

Net Assessment	
FY25
Gross Per Unit	
FY26
Gross Per Unit	
Increase/ (Decrease)	
Single Family	1398	1398	1	$983,995	$756.84	$756.84	$0.00	
Phase 7 - Platted	393	393	1	$276,617	$127.90	$756.84	$628.94	
Phase 8 - Unplatted	29	211	0.14	$20,706	$127.90	$105.52	-$22.38	
Total ERU's	1820	2002		$1,281,318				

VillaMar	
Community Development District	
Budget Narrative	
Approved Proposed Budget FY 2026	

REVENUES	
Maintenance Assessements	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.	
Interest
The District earns interest on the monthly average collected balance for each of their operating accounts.	

Expenditures - Administrative	
Supervisors Fees	
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting in which they attend.	
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 currently has a contract with Kilinski Van Wyk, PLLC. to provide legal counsel services. This contract includes preparation for board meetings, review of contracts, review of agreements and resolutions and other research as directed by the Board of Supervisors and the District Manager.	
Annual Audit	
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm.
The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Assessment Administration	
Expenditures with Governmental Management Services related to adminitration of the District's Assessment Roll.	
Bond Amortization Filing	
The District will contract with an independent certified public accountant to calculate and update the District’s Amortization on its Series 2019, Series 2020, Series 2022 Series 2023 and Series 2024 bonds as well as one other anticipated bond issuance.	
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, Series 2022, Series 2023 and Series 2024 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 has contracted with Governmental Management Services to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, 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.	

VillaMar	
Community Development District	
Budget Narrative	
Approved Proposed Budget FY 2026	

Expenditures - Administrative (continued)	
Website Maintenance	
Represents the costs with Governmental Management Services 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 and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Insurance General Liability	
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to Florida Department of Commerce for $175.	

Expenditures - Field	
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.	
Security Services	
Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities.	
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 & Sewer	
Represents current and estimated costs for water and refuse services provided for common areas throughout the District.	

VillaMar	
Community Development District	
Budget Narrative	
Approved Proposed Budget FY 2026	

Expenditures - Field (Continued)	
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.	
Property Insurance	
The District's Property Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.	
Contingency	
Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.	
Expenditures - Amenity	
Amenity - Electric	
Represents estimated electric charges for the District’s amenity facilities.	
Amenity – Water & Sewer	
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 Centers. 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.	
Pool Maintenance	
Represents the costs of regular cleaning and treatments of the District’s pools. The District is contracted with Resort Pool Services for these services.	
Pool R&M	
Represents the costs of repairs and maintenance other than the contractual services of the District’s pools as they occur.	
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.	
Holiday Decorations	
Estimated cost for installation of holiday lights and décor as well as supplies.	
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.	

VillaMar	
Community Development District	
Approved Proposed Budget FY 2026	
Capital Reserve	

Adopted	Actuals	Projected	Projected	Approved	
Budget	Thru	Next	Thru	Proposed Budget	
Description	FY2025	7/31/2025	2 Months	9/30/2025	FY 2026	

Revenues	
Carry Forward Surplus	

$	39,350	$	-	$	82,325	$	82,325	$	141,650	

Total Revenues	$	39,350	$	-	$	82,325	$	82,325	$	141,650	

Expenditures

Chair Lift Replacement	$	10,500	$	-	$	10,500	$	10,500	$	13,500	
Furniture Replacement	12,500	-	12,500	12,500	20,000	
Contingency	600	-	-	-	-	

Total Expenditures	$	23,600	$	-	$	23,000	$	23,000	$	33,500	

Other Financing Sources/(Uses):

Capital Reserves	$	82,325	$	-	$	82,325	$	82,325	$	67,000	

Total Other Financing Uses	$	82,325	$	-	$	82,325	$	82,325	$	67,000	

Net Change in Fund Balance	$	98,075	$	-	$	141,650	$	141,650	$	175,150	

VillaMar	
Community Development District	
Approved Proposed Budget FY 2026	
Series 2019 Area 1 Debt Service Fund	

Adopted	Actual	Projected	Projected	Approved	
Budget	Thru	Next	Thru	Proposed Budget	
Description	FY2025	7/31/2025	2 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Interest Income	
Carry Forward Surplus	

$	403,763	$	405,264	$	-	$	405,264	$	403,763	
-	13,945	2,200	16,145	6,000	
183,440	186,926	-	186,926	202,659	

Total Revenues	$	587,203	$	606,134	$	2,200	$	608,334	$	612,422	
Expenditures

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

$	140,338	$	140,338	$	-	$	140,338	$	137,838	
140,338	140,338	-	140,338	137,838	
125,000	125,000	-	125,000	130,000	

Total Expenditures	$	405,675	$	405,675	$	-	$	405,675	$	405,675	

Net Change in Fund Balance	$	181,528	$	200,459	$	2,200	$	202,659	$	206,747	

Interest Expense 11/1/26	$	135,238	
Total	$	135,238	

Maximum Annual	Net Assessment	Gross Assessment
Product	Assessable Units	Debt Service	Per Unit	Per Unit	
Single Family	333	$	403,763  $	1,213  $	1,304	
333	$	403,763	

VillaMar	
Community Development District	
Series 2019 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	

05/01/25	
$	5,975,000	
4.000%	
$	125,000	
$	140,338	
$	-	
11/01/25	5,850,000	4.000%	-	137,838	403,175	
05/01/26	5,850,000	4.000%	130,000	137,838	-	
11/01/26	5,720,000	4.000%	-	135,238	403,075	
05/01/27	5,720,000	4.000%	135,000	135,238	-	
11/01/27	5,585,000	4.000%	-	132,538	402,775	
05/01/28	5,585,000	4.000%	140,000	132,538	-	
11/01/28	5,445,000	4.000%	-	129,738	402,275	
05/01/29	5,445,000	4.000%	145,000	129,738	-	
11/01/29	5,300,000	4.625%	-	126,838	401,575	
05/01/30	5,300,000	4.625%	150,000	126,838	-	
11/01/30	5,150,000	4.625%	-	123,369	400,206	
05/01/31	5,150,000	4.625%	160,000	123,369	-	
11/01/31	4,990,000	4.625%	-	119,669	403,038	
05/01/32	4,990,000	4.625%	165,000	119,669	-	
11/01/32	4,825,000	4.625%	-	115,853	400,522	
05/01/33	4,825,000	4.625%	175,000	115,853	-	
11/01/33	4,650,000	4.625%	-	111,806	402,659	
05/01/34	4,650,000	4.625%	180,000	111,806	-	
11/01/34	4,470,000	4.625%	-	107,644	399,450	
05/01/35	4,470,000	4.625%	190,000	107,644	-	
11/01/35	4,280,000	4.625%	-	103,250	400,894	
05/01/36	4,280,000	4.625%	200,000	103,250	-	
11/01/36	4,080,000	4.625%	-	98,625	401,875	
05/01/37	4,080,000	4.625%	210,000	98,625	-	
11/01/37	3,870,000	4.625%	-	93,769	402,394	
05/01/38	3,870,000	4.625%	220,000	93,769	-	
11/01/38	3,650,000	4.625%	-	88,681	402,450	
05/01/39	3,650,000	4.625%	230,000	88,681	-	
11/01/39	3,420,000	4.875%	-	83,363	402,044	
05/01/40	3,420,000	4.875%	240,000	83,363	-	
11/01/40	3,180,000	4.875%	-	77,513	400,875	
05/01/41	3,180,000	4.875%	255,000	77,513	-	
11/01/41	2,925,000	4.875%	-	71,297	403,809	
05/01/42	2,925,000	4.875%	265,000	71,297	-	
11/01/42	2,660,000	4.875%	-	64,838	401,134	
05/01/43	2,660,000	4.875%	280,000	64,838	-	
11/01/43	2,380,000	4.875%	-	58,013	402,850	
05/01/44	2,380,000	4.875%	295,000	58,013	-	
11/01/44	2,085,000	4.875%	-	50,822	403,834	
05/01/45	2,085,000	4.875%	305,000	50,822	-	
11/01/45	1,780,000	4.875%	-	43,388	399,209	
05/01/46	1,780,000	4.875%	320,000	43,388	-	
11/01/46	1,460,000	4.875%	-	35,588	398,975	
05/01/47	1,460,000	4.875%	340,000	35,588	-	
11/01/47	1,120,000	4.875%	-	27,300	402,888	
05/01/48	1,120,000	4.875%	355,000	27,300	-	
11/01/48	765,000	4.875%	-	18,647	400,947	
05/01/49	765,000	4.875%	375,000	18,647	-	
11/01/49	390,000	4.875%	-	9,506	403,153	
05/01/50	390,000	4.875%	390,000	9,506	399,506	

$	5,975,000	$	4,470,588	$	10,445,588	

VillaMar	
Community Development District	
Approved Proposed Budget FY 2026	
Series 2020 Area 2 Debt Service Fund	

Adopted	Actual	Projected	Projected	Approved	
Budget	Thru	Next	Thru	Proposed Budget	
Description	FY2025	7/31/2025	2 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Interest Income	
Carry Forward Surplus	

$	369,050	$	370,423	$	-	$	370,423	$	369,050	
-	12,547	2,000	14,547	5,000	
159,690	161,119	-	161,119	179,457	

Total Revenues	$	528,740	$	544,088	$	2,000	$	546,088	$	553,507	
Expenditures

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

$	115,816	$	115,816	$	-	$	115,816	$	114,044	
115,816	115,816	-	115,816	114,044	
135,000	135,000	-	135,000	140,000	

Total Expenditures	$	366,631	$	366,631	$	-	$	366,631	$	368,088	

Net Change in Fund Balance	$	162,109	$	177,457	$	2,000	$	179,457	$	185,419	

Interest Expense 11/1/26	$	111,804	
Total	$	111,804	

Maximum Annual	Net Assessment	Gross Assessment
Product	Assessable Units	Debt Service	Per Unit	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	

VillaMar	
Community Development District	
Series 2020 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	

05/01/25	$	6,110,000	2.625%	$	135,000	$	115,816	$	-	
11/01/25	5,975,000	3.200%	-	114,044	364,859	
05/01/26	5,975,000	3.200%	140,000	114,044	-	
11/01/26	5,835,000	3.200%	-	111,804	365,848	
05/01/27	5,835,000	3.200%	145,000	111,804	-	
11/01/27	5,690,000	3.200%	-	109,484	366,288	
05/01/28	5,690,000	3.200%	150,000	109,484	-	
11/01/28	5,540,000	3.200%	-	107,084	366,568	
05/01/29	5,540,000	3.200%	155,000	107,084	-	
11/01/29	5,385,000	3.200%	-	104,604	366,688	
05/01/30	5,385,000	3.200%	160,000	104,604	-	
11/01/30	5,225,000	3.750%	-	102,044	366,648	
05/01/31	5,225,000	3.750%	165,000	102,044	-	
11/01/31	5,060,000	3.750%	-	98,950	365,994	
05/01/32	5,060,000	3.750%	170,000	98,950	-	
11/01/32	4,890,000	3.750%	-	95,763	364,713	
05/01/33	4,890,000	3.750%	180,000	95,763	-	
11/01/33	4,710,000	3.750%	-	92,388	368,150	
05/01/34	4,710,000	3.750%	185,000	92,388	-	
11/01/34	4,525,000	3.750%	-	88,919	366,306	
05/01/35	4,525,000	3.750%	190,000	88,919	-	
11/01/35	4,335,000	3.750%	-	85,356	364,275	
05/01/36	4,335,000	3.750%	200,000	85,356	-	
11/01/36	4,135,000	3.750%	-	81,606	366,963	
05/01/37	4,135,000	3.750%	205,000	81,606	-	
11/01/37	3,930,000	3.750%	-	77,763	364,369	
05/01/38	3,930,000	3.750%	215,000	77,763	-	
11/01/38	3,715,000	3.750%	-	73,731	366,494	
05/01/39	3,715,000	3.750%	225,000	73,731	-	
11/01/39	3,490,000	3.750%	-	69,513	368,244	
05/01/40	3,490,000	3.750%	230,000	69,513	-	
11/01/40	3,260,000	3.750%	-	65,200	364,713	
05/01/41	3,260,000	4.000%	240,000	65,200	-	
11/01/41	3,020,000	4.000%	-	60,400	365,600	
05/01/42	3,020,000	4.000%	250,000	60,400	-	
11/01/42	2,770,000	4.000%	-	55,400	365,800	
05/01/43	2,770,000	4.000%	260,000	55,400	-	
11/01/43	2,510,000	4.000%	-	50,200	365,600	
05/01/44	2,510,000	4.000%	270,000	50,200	-	
11/01/44	2,240,000	4.000%	-	44,800	365,000	
05/01/45	2,240,000	4.000%	285,000	44,800	-	
11/01/45	1,955,000	4.000%	-	39,100	368,900	
05/01/46	1,955,000	4.000%	295,000	39,100	-	
11/01/46	1,660,000	4.000%	-	33,200	367,300	
05/01/47	1,660,000	4.000%	305,000	33,200	-	
11/01/47	1,355,000	4.000%	-	27,100	365,300	
05/01/48	1,355,000	4.000%	320,000	27,100	-	
11/01/48	1,035,000	4.000%	-	20,700	367,800	
05/01/49	1,035,000	4.000%	330,000	20,700	-	
11/01/49	705,000	4.000%	-	14,100	364,800	
05/01/50	705,000	4.000%	345,000	14,100	-	
11/01/50	360,000	4.000%	-	7,200	366,300	
05/01/51	360,000	4.000%	360,000	7,200	367,200	

$	6,110,000	$	3,776,716	$	9,886,716	

VillaMar	
Community Development District	
Approved Proposed Budget FY 2026	
Series 2022 Area 3 Debt Service Fund	

Adopted	Actual	Projected	Projected	Approved	
Budget	Thru	Next	Thru	Proposed Budget	
Description	FY2025	7/31/2025	2 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Assessments - Prepayments	
Interest Income	
Carry Forward Surplus	

$	165,060	$	139,422	$	-	$	139,422	$	138,905	
-	-	-	-	-	
-	6,103	1,200	7,303	1,000	
66,015	129,842	-	129,842	139,217	

Total Revenues	$	231,074	$	275,367	$	1,200	$	276,567	$	279,122	

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

$	44,066	$	44,066	$	-	$	44,066	$	43,284	
43,284	43,284	-	43,284	42,503	
50,000	50,000	-	50,000	50,000	

Total Expenditures	$	137,350	$	137,350	$	-	$	137,350	$	135,788	

Net Change in Fund Balance	$	93,724	$	138,017	$	1,200	$	139,217	$	143,335	

Interest Expense 11/1/26	$	42,503	
Principal Expense 11/1/26	$	50,000	
Total	$	92,503	

Maximum Annual	Net Assessment	Gross Assessment
Product	Assessable Units	Debt Service	Per Unit	Per Unit	
Single Family	83	$	103,394  $	1,246  $	1,339.48	
Single Family - Paid Down	57	$	35,511  $	623  $	669.89	
140	$	138,905	

VillaMar	
Community Development District	
Series 2022 A3 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	
05/01/25	$	2,235,000	3.125%	$	-	$	43,284	$	-	
11/01/25	2,235,000	3.125%	50,000	43,284	136,569	
05/01/26	2,185,000	3.125%	-	42,503	-	
11/01/26	2,185,000	3.125%	50,000	42,503	135,006	
05/01/27	2,135,000	3.125%	-	41,722	-	
11/01/27	2,135,000	3.125%	55,000	41,722	138,444	
05/01/28	2,080,000	3.500%	-	40,863	-	
11/01/28	2,080,000	3.500%	55,000	40,863	136,725	
05/01/29	2,025,000	3.500%	-	39,900	-	
11/01/29	2,025,000	3.500%	55,000	39,900	134,800	
05/01/30	1,970,000	3.500%	-	38,938	-	
11/01/30	1,970,000	3.500%	60,000	38,938	137,875	
05/01/31	1,910,000	3.500%	-	37,888	-	
11/01/31	1,910,000	3.500%	60,000	37,888	135,775	
05/01/32	1,850,000	3.500%	-	36,838	-	
11/01/32	1,850,000	3.500%	65,000	36,838	138,675	
05/01/33	1,785,000	4.000%	-	35,700	-	
11/01/33	1,785,000	4.000%	65,000	35,700	136,400	
05/01/34	1,720,000	4.000%	-	34,400	-	
11/01/34	1,720,000	4.000%	65,000	34,400	133,800	
05/01/35	1,655,000	4.000%	-	33,100	-	
11/01/35	1,655,000	4.000%	70,000	33,100	136,200	
05/01/36	1,585,000	4.000%	-	31,700	-	
11/01/36	1,585,000	4.000%	75,000	31,700	138,400	
05/01/37	1,510,000	4.000%	-	30,200	-	
11/01/37	1,510,000	4.000%	75,000	30,200	135,400	
05/01/38	1,435,000	4.000%	-	28,700	-	
11/01/38	1,435,000	4.000%	80,000	28,700	137,400	
05/01/39	1,355,000	4.000%	-	27,100	-	
11/01/39	1,355,000	4.000%	80,000	27,100	134,200	
05/01/40	1,275,000	4.000%	-	25,500	-	
11/01/40	1,275,000	4.000%	85,000	25,500	136,000	
05/01/41	1,190,000	4.000%	-	23,800	-	
11/01/41	1,190,000	4.000%	90,000	23,800	137,600	
05/01/42	1,100,000	4.000%	-	22,000	-	
11/01/42	1,100,000	4.000%	90,000	22,000	134,000	
05/01/43	1,010,000	4.000%	-	20,200	-	
11/01/43	1,010,000	4.000%	95,000	20,200	135,400	
05/01/44	915,000	4.000%	-	18,300	-	
11/01/44	915,000	4.000%	100,000	18,300	136,600	
05/01/45	815,000	4.000%	-	16,300	-	
11/01/45	815,000	4.000%	105,000	16,300	137,600	
05/01/46	710,000	4.000%	-	14,200	-	
11/01/46	710,000	4.000%	110,000	14,200	138,400	
05/01/47	600,000	4.000%	-	12,000	-	
11/01/47	600,000	4.000%	110,000	12,000	134,000	
05/01/48	490,000	4.000%	-	9,800	-	
11/01/48	490,000	4.000%	115,000	9,800	134,600	
05/01/49	375,000	4.000%	-	7,500	-	
11/01/49	375,000	4.000%	120,000	7,500	135,000	
05/01/50	255,000	4.000%	-	5,100	-	
11/1/1950	255,000	4.000%	125,000	5,100	135,200	
5/1/1951	130,000	4.000%	-	2,600	-	
11/1/1951	130,000	4.000%	130,000	2,600	135,200	

$	2,235,000	$	1,440,269	$	3,675,269	

VillaMar	
Community Development District	
Approved Proposed Budget FY 2026	
Series 2022 Area 4 Debt Service Fund	

Adopted	Actual	Projected	Projected	Approved	
Budget	Thru	Next	Thru	Proposed Budget	
Description	FY2025	7/31/2025	2 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Interest Income	
Carry Forward Surplus	

$	249,825	$	250,755	$	-	$	250,755	$	249,798	
-	8,618	-	8,618	-	
114,869	116,278	1,400	117,678	128,001	

Total Revenues	$	364,694	$	375,651	$	1,400	$	377,051	$	377,799	

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

$	82,025	$	82,025	$	-	$	82,025	$	80,644	
82,025	82,025	-	82,025	80,644	
85,000	85,000	-	85,000	90,000	

Total Expenditures	$	249,050	$	249,050	$	-	$	249,050	$	251,288	

Net Change in Fund Balance	$	115,644	$	126,601	$	1,400	$	128,001	$	126,511	

Interest Expense 11/1/26	$	79,181	
Total	$	79,181	

Maximum Annual	Net Assessment	Gross Assessment
Product	Assessable Units	Debt Service	Per Unit	Per Unit	
Single Family	200	$	249,798  $	1,249  $	1,343	
200	$	249,798	

VillaMar	
Community Development District	
Series 2022 A4 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	
05/01/25	$	4,135,000	3.250%	$	85,000	$	82,025	$	-	
11/01/25	4,050,000	3.250%	-	80,644	247,669	
05/01/26	3,870,000	3.250%	90,000	80,644	-	
11/01/26	3,870,000	3.250%	-	79,181	249,825	
05/01/27	3,870,000	3.250%	90,000	79,181	-	
11/01/27	3,870,000	3.625%	-	77,719	246,900	
05/01/28	3,870,000	3.625%	95,000	77,719	-	
11/01/28	3,775,000	3.625%	-	75,997	248,716	
05/01/29	3,775,000	3.625%	95,000	75,997	-	
11/01/29	3,680,000	3.625%	-	74,275	245,272	
05/01/30	3,680,000	3.625%	100,000	74,275	-	
11/01/30	3,365,000	3.625%	-	72,463	246,738	
05/01/31	3,365,000	3.625%	105,000	72,463	-	
11/01/31	3,365,000	3.625%	-	70,559	248,022	
05/01/32	3,365,000	3.625%	110,000	70,559	-	
11/01/32	3,365,000	4.000%	-	68,566	249,125	
05/01/33	3,365,000	4.000%	110,000	68,566	-	
11/01/33	3,255,000	4.000%	-	66,366	244,931	
05/01/34	3,255,000	4.000%	115,000	66,366	-	
11/01/34	3,140,000	4.000%	-	64,066	245,431	
05/01/35	3,140,000	4.000%	120,000	64,066	-	
11/01/35	3,020,000	4.000%	-	61,666	245,731	
05/01/36	3,020,000	4.000%	125,000	61,666	-	
11/01/36	2,895,000	4.000%	-	59,166	245,831	
05/01/37	2,895,000	4.000%	130,000	59,166	-	
11/01/37	2,765,000	4.000%	-	56,566	245,731	
05/01/38	2,765,000	4.000%	135,000	56,566	-	
11/01/38	2,630,000	4.000%	-	53,866	245,431	
05/01/39	2,630,000	4.000%	140,000	53,866	-	
11/01/39	2,490,000	4.000%	-	51,066	244,931	
05/01/40	2,490,000	4.000%	150,000	51,066	-	
11/01/40	2,025,000	4.000%	-	48,066	249,131	
05/01/41	2,025,000	4.000%	155,000	48,066	-	
11/01/41	2,025,000	4.000%	-	44,966	248,031	
05/01/42	2,025,000	4.000%	160,000	44,966	-	
11/01/42	2,025,000	4.125%	-	41,766	246,731	
05/01/43	2,025,000	4.125%	165,000	41,766	-	
11/01/43	1,860,000	4.125%	-	38,363	245,128	
05/01/44	1,860,000	4.125%	175,000	38,363	-	
11/01/44	1,685,000	4.125%	-	34,753	248,116	
05/01/45	1,685,000	4.125%	180,000	34,753	-	
11/01/45	1,505,000	4.125%	-	31,041	245,794	
05/01/46	1,505,000	4.125%	190,000	31,041	-	
11/01/46	1,315,000	4.125%	-	27,122	248,163	
05/01/47	1,315,000	4.125%	195,000	27,122	-	
11/01/47	1,120,000	4.125%	-	23,100	245,222	
05/01/48	1,120,000	4.125%	205,000	23,100	-	
11/01/48	915,000	4.125%	-	18,872	246,972	
05/01/49	915,000	4.125%	215,000	18,872	-	
11/01/49	700,000	4.125%	-	14,438	248,309	
05/01/50	700,000	4.125%	225,000	14,438	-	
11/01/50	475,000	4.125%	-	9,797	249,234	
05/01/51	475,000	4.125%	235,000	9,797	-	
11/01/51	240,000	4.125%	-	4,950	249,747	
05/01/52	240,000	4.125%	240,000	4,950	244,950	
			$	4,135,000	$	2,780,813	$	6,915,813	

VillaMar	
Community Development District	
Approved Proposed Budget FY 2026	
Series 2023 Area 5 Debt Service Fund	

Adopted	Actual	Projected	Projected	Approved	
Budget	Thru	Next	Thru	Proposed Budget	
Description	FY2025	7/31/2025	2 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Tax Roll	
Prepayments	
Interest Income	
Carry Forward Surplus	

$	553,728	$	540,105	$	-	$	540,105	$	538,103	
-	310,618	-	310,618	-	
-	20,225	3,800	24,025	5,000	
336,869	411,681	-	411,681	350,715	

Total Revenues	$	890,597	$  1,282,628	$	3,800	$  1,286,428	$	893,818	

Expenditures	
Interest - 11/1	
Special Call - 11/1	
Special Call - 2/1	
Interest 2/1	
Interest - 5/1	
Principal - 5/1	
Special Call - 5/1	
Special Call - 8/1	

$	219,934	$	217,656	$	-	$	217,656	$	203,881	
-	140,000	-	140,000	-	
-	50,000	-	50,000	-	
-	713	-	713	-	
219,934	212,344	-	212,344	203,881	
115,000	110,000	-	110,000	115,000	
-	80,000	-	80,000	-	
-	-	125,000	125,000	-	

Total Expenditures	$	554,869	$	810,713	$	125,000	$	935,713	$	522,763	

Net Change in Fund Balance	$	335,729	$	471,915	$	(121,200)	$	350,715	$	371,055	

Interest Expense 11/1/26	$	201,078	
Total	$	201,078	

Maximum Annual	Net Assessment	Gross Assessment
Product	Assessable Units	Debt Service	Per Unit	Per Unit	
Single Family	418	$	522,478  $	1,250  $	1,344	
Single Family	25	$	15,624 $	625 $	672	
418	$	538,103	

VillaMar	
Community Development District	
Series 2023 A5 Special Assessment Bonds	
Amortization Schedule	

Date	Balance	Coupon	Principal	Interest	Total	
05/01/25	7,560,000	4.875%	$	190,000	$	212,344	$	-	
08/01/25	7,370,000	4.875%	125,000	-		
11/01/25	7,245,000	4.875%	-	203,881	731,225	
05/01/26	7,245,000	4.875%	115,000	203,881		
11/01/26	7,130,000	4.875%	-	201,078	519,959	
05/01/27	7,130,000	4.875%	120,000	201,078		
11/01/27	7,010,000	4.875%	-	198,153	519,231	
05/01/28	7,010,000	4.875%	125,000	198,153		
11/01/28	6,885,000	4.875%	-	195,106	518,259	
05/01/29	6,885,000	4.875%	130,000	195,106		
11/01/29	6,755,000	4.875%	-	191,938	517,044	
05/01/30	6,755,000	4.875%	135,000	191,938		
11/01/30	6,620,000	5.625%	-	188,647	515,584	
05/01/31	6,620,000	5.625%	145,000	188,647		
11/01/31	6,475,000	5.625%	-	184,569	518,216	
05/01/32	6,475,000	5.625%	155,000	184,569		
11/01/32	6,320,000	5.625%	-	180,209	519,778	
05/01/33	6,320,000	5.625%	160,000	180,209		
11/01/33	6,160,000	5.625%	-	175,709	515,919	
05/01/34	6,160,000	5.625%	170,000	175,709		
11/01/34	5,990,000	5.625%	-	170,928	516,638	
05/01/35	5,990,000	5.625%	180,000	170,928		
11/01/35	5,810,000	5.625%	-	165,866	516,794	
05/01/36	5,810,000	5.625%	190,000	165,866		
11/01/36	5,620,000	5.625%	-	160,522	516,388	
05/01/37	5,620,000	5.625%	200,000	160,522		
11/01/37	5,420,000	5.625%	-	154,897	515,419	
05/01/38	5,420,000	5.625%	215,000	154,897		
11/01/38	5,205,000	5.625%	-	148,850	518,747	
05/01/39	5,205,000	5.625%	225,000	148,850		
11/01/39	4,980,000	5.625%	-	142,522	516,372	
05/01/40	4,980,000	5.625%	240,000	142,522		
11/01/40	4,740,000	5.625%	-	135,772	518,294	
05/01/41	4,740,000	5.625%	255,000	135,772		
11/01/41	4,485,000	5.625%	-	128,600	519,372	
05/01/42	4,485,000	5.625%	265,000	128,600		
11/01/42	4,220,000	5.625%	-	121,147	514,747	
05/01/43	4,220,000	5.625%	285,000	121,147		
11/01/43	3,935,000	5.625%	-	113,131	519,278	
05/01/44	3,935,000	5.750%	300,000	113,131		
11/01/44	3,635,000	5.750%	-	104,506	517,638	
05/01/45	3,635,000	5.750%	315,000	104,506		
11/01/45	3,320,000	5.750%	-	95,450	514,956	
05/01/46	3,320,000	5.750%	335,000	95,450		
11/01/46	2,985,000	5.750%	-	85,819	516,269	
05/01/47	2,985,000	5.750%	355,000	85,819		
11/01/47	2,630,000	5.750%	-	75,613	516,431	
05/01/48	2,630,000	5.750%	375,000	75,613		
11/01/48	2,255,000	5.750%	-	64,831	515,444	
05/01/49	2,255,000	5.750%	400,000	64,831		
11/01/49	1,855,000	5.750%	-	53,331	518,163	
05/01/50	1,855,000	5.750%	425,000	53,331		
11/01/50	1,430,000	5.750%	-	41,113	519,444	
05/01/51	1,430,000	5.750%	450,000	41,113		
11/01/51	980,000	5.750%	-	28,175	519,288	
05/01/52	980,000	5.750%	475,000	28,175		
11/01/52	505,000	5.750%	-	14,519	517,694	
05/01/53	505,000	5.750%	505,000	14,519	519,519	
			$	7,560,000	$	7,662,106	$  15,222,106	

VillaMar	
Community Development District	
Approved Proposed Budget FY 2026	
Series 2024 Area 6 Debt Service Fund	

Proposed	Actual	Projected	Projected	Approved	
Budget	Thru	Next	Thru	Proposed Budget	
Description	FY2025	7/31/2025	2 Months	9/30/2025	FY 2026	

Revenues	
Assessments - Direct	
Interest Income	
Carry Forward Surplus	

$	603,000	$	451,763	$	151,237	$	603,000	$	603,000	
-	24,679	3,200	27,879	20,000	
343,608	265,349	-	265,349	343,608	

Total Revenues	$	946,608	$	741,790	$	154,437	$	896,228	$	966,608	

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

$	343,608	$	240,659	$	-	$	240,659	$	237,884	
240,659	240,659	-	240,659	237,884	
120,000	120,000	-	120,000	130,000	

Total Expenditures	$	704,267	$	601,319	$	-	$	601,319	$	605,769	

Net Change in Fund Balance	$	242,341	$	140,472	$	154,437	$	294,909	$	360,839	

Interest Expense 11/1/26	$	234,878	
Total	$	234,878	

Maximum Annual	Net Assessment	Gross Assessment
Product	Assessable Units	Debt Service	Per Unit	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	

Date	Balance	Coupon	Prinicpal	Interest	Total	
05/01/25	$	8,700,000	4.625%	$	120,000	$	240,659	$	-	
11/01/25	8,580,000	4.625%	-	237,884	598,544	
05/01/26	8,580,000	4.625%	130,000	237,884	-	
11/01/26	8,450,000	4.625%	-	234,878	602,763	
05/01/27	8,450,000	4.625%	135,000	234,878	-	
11/01/27	8,315,000	4.625%	-	231,756	601,634	
05/01/28	8,315,000	4.625%	140,000	231,756	-	
11/01/28	8,175,000	4.625%	-	228,519	600,275	
05/01/29	8,175,000	4.625%	145,000	228,519	-	
11/01/29	8,030,000	4.625%	-	225,166	598,684	
05/01/30	8,030,000	4.625%	155,000	225,166	-	
11/01/30	7,875,000	4.625%	-	221,581	601,747	
05/01/31	7,875,000	4.625%	160,000	221,581	-	
11/01/31	7,715,000	5.500%	-	217,881	599,463	
05/01/32	7,715,000	5.500%	170,000	217,881	-	
11/01/32	7,545,000	5.500%	-	213,206	601,088	
05/01/33	7,545,000	5.500%	180,000	213,206	-	
11/01/33	7,365,000	5.500%	-	208,256	601,463	
05/01/34	7,365,000	5.500%	190,000	208,256	-	
11/01/34	7,175,000	5.500%	-	203,031	601,288	
05/01/35	7,175,000	5.500%	200,000	203,031	-	
11/01/35	6,975,000	5.500%	-	197,531	600,563	
05/01/36	6,975,000	5.500%	210,000	197,531	-	
11/01/36	6,765,000	5.500%	-	191,756	599,288	
05/01/37	6,765,000	5.500%	225,000	191,756	-	
11/01/37	6,540,000	5.500%	-	185,569	602,325	
05/01/38	6,540,000	5.500%	235,000	185,569	-	
11/01/38	6,305,000	5.500%	-	179,106	599,675	
05/01/39	6,305,000	5.500%	250,000	179,106	-	
11/01/39	6,055,000	5.500%	-	172,231	601,338	
05/01/40	6,055,000	5.500%	265,000	172,231	-	
11/01/40	5,790,000	5.500%	-	164,944	602,175	
05/01/41	5,790,000	5.500%	280,000	164,944	-	
11/01/41	5,510,000	5.500%	-	157,244	602,188	
05/01/42	5,510,000	5.500%	295,000	157,244	-	
11/01/42	5,215,000	5.500%	-	149,131	601,375	
05/01/43	5,215,000	5.500%	310,000	149,131	-	
11/01/43	4,905,000	5.500%	-	140,606	599,738	
05/01/44	4,905,000	5.500%	330,000	140,606	-	
11/01/44	4,575,000	5.750%	-	131,531	602,138	
05/01/45	4,575,000	5.750%	350,000	131,531	-	
11/01/45	4,225,000	5.750%	-	121,469	603,000	
05/01/46	4,225,000	5.750%	370,000	121,469	-	
11/01/46	3,855,000	5.750%	-	110,831	602,300	
05/01/47	3,855,000	5.750%	390,000	110,831	-	
11/01/47	3,465,000	5.750%	-	99,619	600,450	
05/01/48	3,465,000	5.750%	415,000	99,619	-	
11/01/48	3,050,000	5.750%	-	87,688	602,306	
05/01/49	3,050,000	5.750%	440,000	87,688	-	
11/01/49	2,610,000	5.750%	-	75,038	602,725	
05/01/50	2,610,000	5.750%	465,000	75,038	-	
11/01/50	2,145,000	5.750%	-	61,669	601,706	
05/01/51	2,145,000	5.750%	490,000	61,669	-	
11/01/51	1,655,000	5.750%	-	47,581	599,250	
05/01/52	1,655,000	5.750%	520,000	47,581	-	
11/01/52	1,135,000	5.750%	-	32,631	600,213	
05/01/53	1,135,000	5.750%	550,000	32,631	-	
11/01/53	585,000	5.750%	-	16,819	599,450	
05/01/54	585,000	5.750%	585,000	16,819	601,819	
			$	8,700,000	$	9,330,966	$	18,030,966	

Villamar CDD
FY 26 Assessment Roll

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental		Phase 3	Phase 4	Debt	Debt		
					Debt	Debt				
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			$672.02		$1,428.86	
262915688505000060	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000070	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
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			$672.02		$1,428.86	
262915688505000110	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87	
262915688505000120	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000130	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87	
262915688505000140	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000150	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000160	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000170	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
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			$672.02		$1,428.86	
262915688505000250	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000260	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000270	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000280	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000290	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87	
262915688505000300	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000310	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
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			$672.02		$1,428.86	
262915688505000430	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
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			$672.02		$1,428.86	
262915688505000470	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000480	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000490	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000500	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000510	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
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			$672.02		$1,428.86	
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			$672.02		$1,428.86	
262915688505000600	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000610	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000620	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000630	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
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			$672.02		$1,428.86	
262915688505000670	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000680	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000690	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87	
262915688505000700	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000710	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000720	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87	
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	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental		Phase 3	Phase 4	Debt	Debt		
					Debt	Debt				
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			$672.02		$1,428.86	
262915688505000810	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87	
262915688505000820	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000830	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000840	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000850	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000860	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87	
262915688505000870	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505000880	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87	
262915688505000890	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
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			$672.02		$1,428.86	
262915688505000940	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
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			$672.02		$1,428.86	
262915688505001050	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
262915688505001060	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
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			$672.02		$1,428.86	
262915688505001150	1	Phase 6	AA5	$756.84			$1,344.03		$2,100.87	
262915688505001160	1	Phase 6	AA5	$756.84			$672.02		$1,428.86	
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	
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	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental		Phase 3	Phase 4	Debt	Debt		
					Debt	Debt				
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	
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	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental		Phase 3	Phase 4	Debt	Debt		
					Debt	Debt				
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	
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	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental		Phase 3	Phase 4	Debt	Debt		
					Debt	Debt				
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	
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 6D	AA5	$756.84			$1,344.03		$2,100.87	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental		Phase 3	Phase 4	Debt	Debt		
					Debt	Debt				
262915688505004020	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004030	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004040	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004050	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004060	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004070	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004080	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004090	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004100	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004110	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004120	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004130	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004140	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004150	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004160	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004170	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004180	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004190	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004200	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004210	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004220	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004230	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004240	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004250	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004260	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004270	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004280	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004290	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004300	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004310	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004320	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004330	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004340	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004350	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004360	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004370	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004380	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004390	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004400	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004410	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004420	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004430	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004440	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004450	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004460	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688505004470	1	Phase 6D	AA5	$756.84			$1,344.03		$2,100.87	
262915688506000010	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000020	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000030	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000040	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000050	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000060	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000070	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000080	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000090	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000100	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000110	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000120	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000130	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000140	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000150	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000160	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000170	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000180	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000190	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000200	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000210	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000220	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000230	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000240	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000250	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000260	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000270	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000280	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000290	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000300	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000310	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000320	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000330	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000340	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental		Phase 3	Phase 4	Debt	Debt		
					Debt	Debt				
262915688506000350	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000360	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000370	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000380	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000390	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000400	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000410	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000420	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000430	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000440	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000450	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000460	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000470	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000480	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000490	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000500	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000510	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000520	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000530	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000540	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000550	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000560	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000570	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000580	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000590	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000600	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000610	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000620	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000630	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000640	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000650	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000660	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000670	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000680	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000690	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000700	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000710	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000720	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000730	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000740	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000750	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000760	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000770	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000780	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000790	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000800	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000810	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000820	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000830	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000840	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000850	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000860	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000870	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000880	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000890	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000900	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000910	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000920	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000930	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000940	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000950	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000960	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000970	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000980	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506000990	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001000	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001010	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001020	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001030	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001040	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001050	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001060	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001070	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001080	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001090	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001100	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001110	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001120	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001130	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001140	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental		Phase 3	Phase 4	Debt	Debt		
					Debt	Debt				
262915688506001150	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001160	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001170	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001180	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001190	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001200	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001210	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001220	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001230	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001240	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001250	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001260	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001270	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001280	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001290	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001300	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001310	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001320	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001330	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001340	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001350	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001360	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001370	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001380	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001390	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001400	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001410	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001420	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001430	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001440	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001450	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001460	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001470	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001480	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001490	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506001500	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001510	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001520	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001530	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001540	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001550	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001560	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001570	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001580	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001590	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001600	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001610	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001620	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001630	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001640	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001650	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001660	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001670	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001680	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001690	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001700	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001710	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001720	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001730	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001740	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001750	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001760	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001770	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001780	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001790	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001800	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001810	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001820	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001830	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001840	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001850	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001860	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001870	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001880	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001890	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001900	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001910	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001920	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001930	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001940	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental		Phase 3	Phase 4	Debt	Debt		
					Debt	Debt				
262915688506001950	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001960	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001970	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001980	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506001990	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002000	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002010	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002020	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002030	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002040	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002050	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002060	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002070	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002080	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002090	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002100	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002110	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002120	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002130	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002140	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002150	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002160	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002170	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002180	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002190	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002200	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002210	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002220	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002230	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002240	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002250	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002260	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002270	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002280	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002290	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002300	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002310	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002320	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002330	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002340	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002350	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002360	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002370	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002380	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002390	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002400	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002410	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002420	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002430	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002440	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002450	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002460	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002470	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002480	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002490	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002500	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002510	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002520	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002530	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002540	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002550	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002560	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002570	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002580	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002590	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002600	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002610	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002620	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002630	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002640	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002650	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002660	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002670	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002680	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002690	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002700	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002710	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002720	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002730	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506002740	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental		Phase 3	Phase 4	Debt	Debt		
					Debt	Debt				
262915688506002750	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506002760	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506002770	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506002780	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506002790	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506002800	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506002810	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506002820	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506002830	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506002840	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506002850	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002860	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002870	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002880	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002890	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002900	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002910	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002920	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002930	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002940	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002950	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002960	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002970	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002980	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506002990	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506003000	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506003010	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506003020	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506003030	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506003040	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506003050	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506003060	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506003070	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506003080	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506003090	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506003100	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506003110	1	Phase 7	AA6	$756.84				$1,450.53	$2,207.37	
262915688506003120	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003130	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003140	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003150	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003160	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003170	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003180	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003190	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003200	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003210	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003220	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003230	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003240	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003250	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003260	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003270	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003280	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003290	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003300	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003310	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003320	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003330	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003340	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003350	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003360	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003370	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003380	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003390	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003400	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003410	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003420	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003430	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003440	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003450	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003460	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003470	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003480	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003490	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003500	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003510	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003520	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003530	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003540	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental		Phase 3	Phase 4	Debt	Debt		
					Debt	Debt				
262915688506003550	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003560	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003570	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003580	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003590	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003600	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003610	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003620	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003630	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003640	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003650	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003660	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003670	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003680	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003690	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003700	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003710	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003720	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003730	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003740	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003750	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003760	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003770	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003780	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003790	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003800	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003810	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003820	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003830	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003840	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003850	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003860	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003870	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003880	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003890	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003900	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003910	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003920	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262915688506003930	1	Phase 7	AA6	$756.84				$1,772.87	$2,529.71	
262923690583000010	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000020	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000030	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000040	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000050	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000060	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000070	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000080	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000090	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000100	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000110	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000120	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000130	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000140	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000150	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000160	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000170	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000180	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000190	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000200	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000210	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000220	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000230	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000240	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000250	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000260	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000270	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000280	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000290	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000300	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000310	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000320	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000330	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000340	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000350	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000360	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000370	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000380	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000390	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000400	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000410	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental		Phase 3	Phase 4	Debt	Debt		
					Debt	Debt				
262923690583000420	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000430	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000440	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000450	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000460	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000470	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000480	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000490	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000500	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000510	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000520	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000530	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000540	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000550	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000560	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000570	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000580	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000590	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000600	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000610	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000620	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000630	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000640	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000650	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000660	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000670	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000680	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000690	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000700	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000710	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000720	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000730	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000740	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000750	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000760	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000770	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000780	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000790	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000800	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000810	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000820	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000830	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000840	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000850	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000860	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000870	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000880	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000890	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000900	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000910	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000920	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000930	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000940	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000950	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000960	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000970	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000980	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583000990	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001000	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001010	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001020	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001030	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001040	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001050	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001060	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001070	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001080	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001090	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001100	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001110	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001120	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001130	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001140	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001150	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001160	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001170	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001180	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001190	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001200	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001210	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental		Phase 3	Phase 4	Debt	Debt		
					Debt	Debt				
262923690583001220	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001230	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001240	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001250	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001260	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001270	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001280	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001290	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001300	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001310	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001320	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001330	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001340	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001350	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001360	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001370	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001380	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001390	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001400	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001410	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001420	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001430	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001440	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001450	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001460	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001470	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001480	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001490	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001500	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001510	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001520	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001530	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001540	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001550	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001560	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001570	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001580	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001590	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001600	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001610	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001620	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001630	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001640	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001650	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001660	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001670	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001680	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001690	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001700	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001710	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001720	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001730	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001740	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001750	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001760	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001770	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001780	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001790	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001800	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001810	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001820	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001830	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001840	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001850	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001860	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001870	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001880	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001890	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001900	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001910	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001920	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001930	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001940	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001950	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001960	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001970	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001980	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583001990	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690583002000	1	Phase 5	Phase 4	$756.84		$1,343.00			$2,099.84	
262923690584000010	1	Phase 4	Phase 3	$756.84	$1,339.48				$2,096.32	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental		Phase 3	Phase 4	Debt	Debt		
					Debt	Debt				
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	
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	$669.89				$1,426.73	
262923690584000750	1	Phase 4	Phase 3	$756.84	$669.89				$1,426.73	
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	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental			Phase 3	Phase 4	Debt	Debt		
						Debt	Debt				
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	
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		$669.89				$1,426.73	
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	

PARCEL ID	Units Legal Phase  Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental			Phase 3	Phase 4	Debt	Debt		
						Debt	Debt				
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	
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	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental			Phase 3	Phase 4	Debt	Debt		
						Debt	Debt				
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	
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	

PARCEL ID	Units Legal Phase  Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental			Phase 3	Phase 4	Debt	Debt		
						Debt	Debt				
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	
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	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental				Phase 3	Phase 4	Debt	Debt		
							Debt	Debt				
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	
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	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental			Phase 3	Phase 4	Debt	Debt		
						Debt	Debt				
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	
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	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental			Phase 3	Phase 4	Debt	Debt		
						Debt	Debt				
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	
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	

PARCEL ID	Units	Legal Phase	Phase/AA in FY 26 O&M	2019 Debt 2020 Debt	2022	2022	2023 AA5	2024 AA6	Total	
			Supplemental			Phase 3	Phase 4	Debt	Debt		
						Debt	Debt				
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	
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 FY 26 O&M 2019 Debt 2020 Debt		2022		2022	2023 AA5 2024 AA6	Total Supplemental	Phase 3	Phase 4		Debt	Debt
Debt	Debt	
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 Assessments On Roll	1791	$1,355,500.44 $434,152.08 $396,827.85 $149,360.57 $268,600.00 $555,756.70 $648,386.91 $3,808,584.55	
			
Total Net Assessments On Roll		$1,260,615.41 $403,761.43 $369,049.90 $138,905.33 $249,798.00 $516,853.73 $602,999.83 $3,541,983.63	

Direct Billing			
PARCEL ID	Units	Legal Phase	Phase/AA in Supplemental	FY 26 O&M	2019 Debt	2020 Debt	2022
Phase 3 Debt	2022
Phase 4 Debt	2023 AA5
Debt	2024 AA6
Debt	Total	
262914000000031050	211	Phase 8	AA7	$22,264.72							$22,264.72	
Total Gross Assessments Off Roll	211			$22,264.72	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$22,264.72	
												
Total Net Assessments Off Roll				$20,706.19	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$20,706.19	

Total Gross Assessments

2002

$1,377,765.16 $434,152.08 $396,827.85 $149,360.57 $268,600.00 $555,756.70 $648,386.91 $3,830,849.27

Total Net Assessments

$1,281,321.60 $403,761.43 $369,049.90 $138,905.33 $249,798.00 $516,853.73 $602,999.83 $3,562,689.82

Section V

RESOLUTION 2025-08
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT ADOPTING THE ANNUAL MEETING SCHEDULE FOR FISCAL YEAR 2025/2026; 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 2025/2026 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 2025/2026 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 27th day of August 2025.

ATTEST:	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Fiscal Year 2025/2026 Annual Meeting Schedule

Exhibit A: Fiscal Year 2025/2026 Annual Meeting Schedule
BOARD OF SUPERVISORS MEETING DATES VILLAMAR COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026

The Board of Supervisors of the VillaMar Community Development District will hold their regular meetings for Fiscal Year 2025/2026 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 22, 2025
November 12, 2025 (2nd Wednesday)
December 10, 2025 (2nd Wednesday)
January 28, 2026
February 25, 2026
March 25, 2026
April 22, 2026
May 27, 2026
June 24, 2026
July 22, 2026
August 26, 2026
September 23, 2026

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 three (3) business days 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

RESOLUTION 2025-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT CONFIRMING AUTHORIZATION TO PAY INVOICES FOR WORK PREVIOUSLY APPROVED; AUTHORIZING THE CHAIR OR VICE CHAIR OF THE BOARD OF SUPERVISORS AND THE DISTRICT MANAGER TO ENTER INTO TIME SENSITIVE AND EMERGENCY CONTRACTS AND DISBURSE FUNDS FOR PAYMENT OF CERTAIN EXPENSES WITHOUT PRIOR APPROVAL OF THE BOARD OF SUPERVISORS; PROVIDING FOR A MONETARY THRESHOLD; AND PROVIDING FOR THE REPEAL OF PRIOR SPENDING AUTHORIZATIONS; PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the VillaMar Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and
WHEREAS, Section 190.011(5), Florida Statutes, authorizes the District to adopt resolutions which may be necessary for the conduct of District business; and

WHEREAS, the Board of Supervisors of the District (“Board”) typically meets on an as needed basis, and in no event more than monthly, to conduct the business of the District, including approval of proposals, authorizing the entering into of agreements or contracts, and authorizing the payment of District operating and maintenance expenses; and

WHEREAS, the Board contracted with the District Manager to timely pay the District’s vendors and perform other management functions; and

WHEREAS, the Board desires to confirm that the District Manager is authorized to pay invoices, regardless of the dollar amounts, for work previously approved by the Board and such payments do not need to be approved by the Board prior to payment; and

WHEREAS, the Board recognizes that certain time sensitive or emergency issues may arise from time to time that require approval outside of regular monthly meetings; and
WHEREAS, to conduct the business of the District in an efficient manner, recurring, non- recurring, and other disbursements for goods and services must be processed and paid in a timely manner; and

WHEREAS, the Board has determined that it is in the best interests of the District, and is necessary for the efficient administration of District operations; the health, safety, and welfare of the residents within the District; and the preservation of District assets and facilities, to authorize limited spending authority to the Chair (or Vice Chair, if the Chair is unavailable) of the Board

and the District Manager between regular monthly meetings, for work and services that are time sensitive and/or emergency in nature.

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

Authorization to Pay Invoices for Work Previously Approved. The District Manager is authorized to pay invoices, regardless of the dollar amounts, for work previously approved by the Board in accordance with such contracts and such payments do not need to be approved by the Board prior to payment nor do they need to be re-approved by the Board at a future meeting.

Limited Spending Authorization. The Board hereby authorizes the individuals stated below to exercise their judgment to enter into time sensitive and emergency contracts and disburse funds up to the amounts stated below, without prior Board approval for expenses
(1) that are required to provide for the health, safety, and welfare of the residents within the District; (2) for the maintenance, repair, or replacement of a District asset; or (3) to remedy an unforeseen disruption in services relating to the District’s facilities or assets, if such disruption would result in significantly higher expenses unless the contract is entered into immediately.
The District Manager may individually authorize such expense up to $2,500.00 per proposal and/or event.
The Chair (or Vice Chair, if the Chair is unavailable) may individually authorize such expenses up to $10,000.00 per proposal and/or event.
The District Manager and Chair (or Vice Chair, if the Chair is unavailable) may jointly authorize such expenses up to $25,000.00 per proposal and/or event.
Ratification of Spending Authorization at Future Meeting. Any payment made or contract entered into pursuant to this Resolution shall be submitted to the Board at the next scheduled meeting for approval and ratification.

Repeal of Prior Spending Authorizations. All prior spending authorizations approved by resolution or motion of the Board are hereby repealed.

Effective Date. This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED THIS 27th DAY OF AUGUST 2025.

ATTEST:	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman, Board of Supervisors

Section VII

RESOLUTION 2025-10

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VILLAMAR COMMUNITY DEVELOPMENT DISTRICT ADOPTING AN AMENDMENT TO THE AMENITY POLICIES OF THE DISTRICT; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the VillaMar Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within the City of Winter Haven, Florida; and

WHEREAS, the District’s Board of Supervisors (“Board”) is authorized by Section 190.011(5), Florida Statutes, to adopt rules, rates, charges and fees; and

WHEREAS, the Board accordingly finds that it is in the best interest of the District to adopt by resolution an amendment to the policies set forth in Exhibit A (“Amendment”), which relate to use of the District’s amenity facilities and other District-owned property, for immediate use and application.

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

SECTION 1. The above stated recitals are true and correct and are hereby incorporated herein by reference.

SECTION 2. The Amendment attached hereto as Exhibit A is hereby adopted pursuant to this Resolution as necessary for the conduct of District business. The amended policies shall remain in full force and effect until such time as the Board may amend or replace them.

SECTION 3. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.
SECTION 4. This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 27th day of August 2025.

ATTEST:	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT

Secretary	Chairman, Board of Supervisors

Exhibit A: Amendment to Policies

EXHIBIT A
Amendment to Policies

LAKES AND PONDS POLICIES
Lakes and Ponds (used interchangeably and reference to one shall implicate the other) within the District primarily function as retention ponds to facilitate the District’s system for treatment and attenuation of stormwater run-off and overflow. As a result, contaminants may be present in the water. These policies are intended to limit contact with such contaminants and ensure the continued operations of the Ponds while allowing limited recreational use of the same.
Users of District Lakes shall not engage in any conduct or omission that violates any ordinance, resolution, law, permit requirement or regulation of any governmental entity relating to the District Lakes.
Wading and swimming in District Lakes are prohibited.
Boating (motorized and non-motorized), paddleboarding, and other recreational water activities are prohibited in District Lakes.
Patrons may fish from District Lakes. However, the District has a “catch and release” policy for all fish caught in these waters.
Pets are not allowed in the District Lakes.
Owners of property lying contiguous to the District Lakes shall take such actions as may be necessary to remove underbrush, weeds or unsightly growth from the Owner’s property that detract from the overall beauty, setting and safety of the property.
No docks or other structures, whether permanent or temporary, shall be constructed and placed in or around the District Lakes or other District stormwater management facilities unless properly permitted and approved by the District and other applicable governmental agencies.
No pipes, pumps or other devices used for irrigation or the withdrawal of water shall be placed in or around the District Lakes, except by the District.
No foreign materials may be disposed of in the District Lakes, including, but not limited to: tree branches, paint, cement, oils, soap suds, building materials, chemicals, fertilizers, or any other material that is not naturally occurring or which may be detrimental to the Lake environment.
Easements through residential backyards along the community's stormwater management system are for maintenance purposes only and are not general grants for access for fishing or any other recreational purpose. Access to residents' backyards via these maintenance easements is prohibited. Unless individual property owners explicitly grant permission for others to access their backyards, entering their private property can be considered trespassing. Please be considerate of the privacy rights of other residents.

Beware of wildlife - water moccasins and other snakes, alligators, snapping turtles, birds and other wildlife which may pose a threat to your safety are commonly found in stormwater management facilities in Florida. Wildlife may neither be removed from nor released into the District Lakes; notwithstanding the foregoing, nuisance alligators posing a threat to the health, safety and welfare may be removed by a properly permitted and licensed nuisance alligator trapper, in accordance with all applicable state and local laws, rules, ordinances and policies including but not limited to rules promulgated by the Florida Fish and Wildlife Conservation Commission (“FWC”). Anyone concerned about an alligator is encouraged to call FWC’s toll-free Nuisance Alligator Hotline at 866- FWC-GATOR (866-392-4286).
Any hazardous condition concerning the District Lakes must immediately be reported to the District Manager and the proper authorities.

Section VIII

VILLAMAR
COMMUNITY DEVELOPMENT DISTRICT CITY OF WINTER HAVEN, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

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

1001 W. Yamato Road ▪ Suite 301 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, 2024, 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, 2024, 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 13, 2025, 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 13, 2025

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, 2024. 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 $22,270,444.

The change in the District’s total net position in comparison with the prior fiscal year was
$10,823,677, 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, 2024, the District’s governmental fund reported combined ending fund balance of $2,869,847, an increase of $1,558,693 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.

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

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,
	2024	2023	
Current and other assets	$	3,742,819	$	4,703,843	
Capital assets, net of depreciation	55,014,235	37,308,330	
Total assets	58,757,054	42,012,173	
Current liabilities	1,573,436	3,249,369	
Long-term liabilities	34,913,174	27,316,037	
Total liabilities	36,486,610	30,565,406	
Net position
Net investment in capital assets	
20,033,385	
9,753,832	
Restricted	2,024,755	1,577,046	
Unrestricted	212,304	115,889	
Total net position	$	22,270,444	$	11,446,767	

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.

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

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,
	2024	2023	
Revenues:			
Program revenues			
Charges for services	$	3,057,091	$	2,152,701	
Operating grants and contributions	124,167	73,650	
Capital grants and contributions	10,484,408	7,405,063	
General revenues			
Miscellaneous income	559	60	
Total revenues	13,666,225	9,631,474	
Expenses:			
General government	130,070	124,488	
Maintenance and operations	634,193	611,501	
Recreation	182,486	59,962	
Bond issue costs	358,375	341,675	
Interest	1,537,424	956,982	
Total expenses	2,842,548	2,094,608	
Change in net position	10,823,677	7,536,866	
Net position - beginning	11,446,767	3,909,901	
Net position - ending	$	22,270,444	$	11,446,767	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2024 was $2,842,548. The costs of the District’s activities were primarily funded by program revenues. During the current fiscal year, program revenues were 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 the increase in expenses is due to an increase in interest expense.

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. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2024.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets
At September 30, 2024, the District had $55,704,324 invested in capital assets. In the government-wide financial statements depreciation of $690,089 has been taken, which resulted in a net book value of
$55,014,235. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt
At September 30, 2024, the District had $34,955,000 Bonds outstanding and $59,205 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

It is anticipated that the general operations of the District will increase as the District continues to be built out.

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, 2024

	Governmental
	Activities		
ASSETS		
Cash and cash equivalents	$	228,773	
Due from Developer	628,312	
Assessments receivable	16,719	
Prepaid items	20,541	
Restricted assets:		
Investments	2,848,474	
Capital assets:		
Nondepreciable	49,175,738	
Depreciable, net		5,838,497 	
Total assets		58,757,054 	
LIABILITIES		
Accounts payable	52,804	
Contracts and retainage payable	820,168	
Due to other	-	
Accrued interest payable	700,464	
Non-current liabilities:		
Due within one year	630,000	
Due in more than one year		34,283,174 	
Total liabilities		36,486,610 	
NET POSITION		
Net investment in capital assets	20,033,385	
Restricted for debt service	2,024,755	
Unrestricted		212,304 	
Total net position	 $	22,270,444 	

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, 2024

		

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	$	130,070	$	130,070	$	114	$	-	$	114	
Maintenance and operations	634,193	524,024	-	10,484,408	10,374,239	
Recreation	182,486	182,486	-	-	-	
Interest on long-term debt	1,537,424	2,220,511	124,053	-	807,140	
Bond issue costs	358,375	-	-	-	(358,375)	
Total governmental activities	2,842,548	3,057,091	124,167	10,484,408	10,823,118	

General revenues:
Miscellaneous income		559 	
Total general revenues		559 	
Change in net position	10,823,677	
Net position - beginning		11,446,767 	
Net position - ending	 $	22,270,444 	

See notes to the financial statements

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT CITY OF WINTER HAVEN, FLORIDA
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2024

	Major Funds		Total

Debt

Capital

Governmental

	General	Service	Projects		Funds	
ASSETS
Cash and cash equivalents	
$	227,734	
$	-	
$	1,039	
$	228,773	
Investments	-	2,573,975	274,499	2,848,474	
Due from Developer	114	151,244	476,954	628,312	
Assessments receivable	16,719	-	-	16,719	
Prepaid items	20,541	-	-	20,541	
Total assets	 $	265,108	$ 2,725,219	$	752,492	$  3,742,819 	

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	

$	52,804	

$	-	

$	-	$	

52,804	
Due to other	-	-	0	-	
Contracts and retainage payable	-	-	820,168	820,168	
Total liabilities	52,804	-	820,168	872,972	

Fund balances: Nonspendable:
Prepaid items Restricted for:
Debt service		20,541

-		-

2,725,219		-

-		20,541

2,725,219	
Unassigned		191,763		-		(67,676)		124,087	
Total fund balances		212,304		2,725,219		(67,676)		2,869,847	

Total liabilities and fund balances	
$	
265,108	
$	
2,725,219	
$	
752,492	
$	
3,742,819	

See notes to the financial statement

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT CITY OF WINTER HAVEN, FLORIDA
RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2024

Total fund balances - governmental funds	$	2,869,847

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	55,704,324
Accumulated depreciation	   (690,089)    55,014,235

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	(700,464)
Original issue discount/premium	(40,116)
Bonds payable	 (34,873,058)	(35,613,638) 

Net position of governmental activities	 $ 22,270,444 

See notes to the financial statement

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT CITY OF WINTER HAVEN, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

	Major Funds		Total

Debt

Capital

Governmental

General	Service	Projects	Funds	
REVENUES
Special assessments	$	836,580	$	
2,220,511	
$	-	
$  3,057,091	
Developer contributions	114	-	11,000,001	11,000,115	
Miscellaneous income	270	-	289	559	
Interest earnings	-	124,053	88,352	212,405	
Total revenues	836,964	2,344,564	11,088,642	14,270,170	

EXPENDITURES
Current:
General government	129,519	-	551	130,070	
Maintenance and operations	451,433	-	-	451,433	
Recreation Debt service:
Principal	129,898

19,871	

1,045,000	

-	129,898

1,064,871	
Interest	9,828	1,284,838	-	1,294,666	
Bond issuance costs	-	-	358,375	358,375	
Capital outlay	-	-	17,941,253	17,941,253	
Total expenditures	740,549	2,329,838	18,300,179	21,370,566	
Excess (deficiency) of revenues over (under) expenditures	

96,415	

14,726	

(7,211,537)	

(7,100,396)	

OTHER FINANCING SOURCES (USES)
Transfers in (out)	

-	

(273,786)	

273,786	

-	
Bond issuance	-	946,608	7,753,392	8,700,000	
Original issue discount	-	-	(40,911)	(40,911)	
Total other financing sources (uses)	-	672,822	7,986,267	8,659,089	

Net change in fund balances	
96,415	
687,548	
774,730	
1,558,693	
Fund balances - beginning	115,889	2,037,671	(842,406)	1,311,154	

Fund balances - ending	
$	212,304	
$	2,725,219	
$	(67,676)	
$  2,869,847	

See notes to the financial statements

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT CITY OF WINTER HAVEN, FLORIDA
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, 2024

Net change in fund balances - total governmental funds
Amounts reported for governmental activities in the statement of activities are different because:
Governmental funds report capital outlays as expenditures; however, the cost of capital assets is eliminated in the statement of activities and capitalized in the statement of net position.

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.
Certain revenues were unavailable for the governmental fund financial statements in the prior fiscal year. In the current fiscal year, these revenues were recorded in the governmental fund financial statements.
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

$	1,558,693

17,941,253

(8,700,000)

40,911

(2,919)

1,064,871

(603,945)

(239,839)

	(235,348) 
 $  10,823,677 

See notes to the financial statements

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT CITY OF WINTER HAVEN, FLORIDA
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, 2024, 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.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

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.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)
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.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)
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.

NOTE 4 – DEPOSITS AND INVESTMENTS

Deposits
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, 2024:

 Amortized Cost	Credit Risk	Maturities	
First American Treasury	Weighted average of the fund

Obligation Fd Cl Y

 $	2,848,474 
 $	2,848,474 

S&P AAAm

portfolio: 31 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.

NOTE 5 – INTERFUND TRANSFERS

Interfund transfers for the fiscal year ended September 30, 2024 were as follows:
 Fund	Transfer in	Transfer out	
Debt service	$	-	$	273,786	
Capital projects		273,786	-		
Total	 $	273,786	$	273,786 	
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, 2024 was as follows:

Governmental activities
Capital assets, not being depreciated

Beginning Balance

Additions	Reductions

Ending Balance

Infrastructure under construction	$	31,234,485	$	17,941,253	$	-	$	49,175,738	
Total capital assets, not being depreciated	31,234,485	17,941,253		-	49,175,738	

Capital assets, being depreciated Buildings and improvements	

503,609	

-		

-	

503,609	
Improvements other than buildings	1,918,512	-		-	1,918,512	
Infrastructure	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 for: Buildings and improvements	

33,574	

16,787		

-	

50,361	
Improvements other than buildings	127,900	63,950		-	191,850	
Infrastructure	266,674	133,337		-	400,011	
Equipment	26,593	21,274		-	47,867	
Total accumulated depreciation	454,741	235,348		-	690,089	

Total capital assets being depreciated, net	
6,073,845	
(235,348)		
-	
5,838,497	

Governmental activities capital assets, net	
$	37,308,330	
$	17,705,905	
$	
-	$	
55,014,235	

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 $11,000,001 of contributions from the Developer and the major landowners which includes a receivable of $628,312 at September 30, 2024. Additionally, the District reimbursed the Developer a total of $817,826 for construction cost the Developer had paid on behalf of the District.

NOTE 7 – LONG-TERM LIABILITIES

At September 30, 2024, the District had the following outstanding bonds:

Series	Issuance Date	Par Amount	Interest Rate (%)	Interest Payments
Commencing	Principal Payments
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	
2024	2/14/2024	8,700,000	4.625 - 5.750	5/1/2024	5/1/2025	5/1/2054	
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 $460,000 of the Series 2022 Phase 3 Bonds and $80,000 of the Series 2023 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 occurred during the current fiscal year. See Note 5 for additional information. The District was in compliance with the requirements at September 30, 2024.
Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2024 were as follows:

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Governmental activities						
Bonds payable:						
Series 2019	$	6,095,000	$	-	$	120,000	$	5,975,000	$	125,000	
Less: original issue discount	(6,265)	-	232	(6,033)		
Series 2020	6,245,000	-	135,000	6,110,000	135,000	
Series 2022 A3	2,805,000	-	520,000	2,285,000	50,000	
Series 2022 A4	4,215,000	-	80,000	4,135,000	85,000	
Series 2023 A5	7,940,000	-	190,000	7,750,000	115,000	
Less: original issue discount	(56,774)	-	1,892	(54,882)		
Series 2024 A6	-	8,700,000	-	8,700,000	120,000	
Less: original issue discount	-	(40,911)	795	(40,116)		
Direct borrowings:
Note payable - financed equipment	79,076	-	19,871	59,205

Total	 $	27,316,037	$	8,659,089	$	1,067,790	$	34,913,174	$	630,000 

NOTE 7 – LONG-TERM LIABILITIES (Continued)

Long-term Debt Activity (Continued)
At September 30, 2024, the scheduled debt service requirements on the long-term debt were as follows:

Year ending

	Governmental Activities	

  September 30:	Principal	Interest	Total	
2025	$	630,000	$	1,787,843	$	2,417,843	
2026	660,000	1,660,869	2,320,869	
2027	680,000	1,634,839	2,314,839	
2028	710,000	1,607,896	2,317,896	
2029	735,000	1,579,418	2,314,418	
2030-2034	4,205,000	7,395,451	11,600,451	
2035-2039	5,300,000	6,319,763	11,619,763	
2040-2044	6,740,000	4,923,006	11,663,006	
2045-2049	8,625,000	3,090,800	11,715,800	
2050-2054	6,670,000	901,594	7,571,594	
 $	34,955,000	$	30,901,479	$	65,856,479 

NOTE 8 – FINANCED PURCHASE AGREEMENT
At September 30, 2024, the District had the following financed purchase agreements:

Equipment	Monthly
Payment	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, 2024 are as follows:

Year ending		Governmental Activities	
  September 30:	Principal	Interest	Total	
2025	$	22,839	$	6,860	$	29,699	
2026	18,416	3,719	22,135	
2027	15,192	1,561	16,753	
2028	2,758	48	2,806	
	$	59,205	$	12,188	$	71,393	

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.

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.

NOTE 12 – COMMITMENTS AND CONTINGENCIES

As of September 30, 2024, the District had an open contract for construction projects which totaled approximately $8.4 million, of which approximately $1.6 million was uncompleted at September 30, 2024.
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.

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT CITY OF WINTER HAVEN, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

Budgeted
	Amounts	 Original and Final

Actual Amounts

Variance with Final Budget - Positive (Negative)

REVENUES		
Assessments	$	816,029	$	836,580	$	20,551	
Developer contributions	-	114	114	
Miscellaneous	-	270	270	
Total revenues	816,029	836,964	20,935	

EXPENDITURES
Current:
General government	160,191	129,519	30,672	
Maintenance and operations	440,358	451,433	(11,075)	
Recreation	176,130	129,898	46,232	
Debt service:
Principal	
15,000	
19,871	
(4,871)	
Interest	20,000	9,828	10,172	
Total expenditures	811,679	740,549	71,130	

Excess (deficiency) of revenues over (under) expenditures	

4,350	

96,415	

92,065	

OTHER FINANCING SOURCES (USES)
Capital reserves	

(46,171)	

-	

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

Net change in fund balances	
 $	(41,821) 	
96,415	
 $	138,236 	
Fund balance - beginning			115,889 		
Fund balance - ending		 $	212,304 		

See notes to required supplementary information

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT CITY OF WINTER HAVEN, FLORIDA
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. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2024.

VILLAMAR COMMUNITY DEVELOPMENT DISTRICT CITY OF WINTER HAVEN, FLORIDA
OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 UNAUDITED

Element	Comments
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 whom nonemployee compensation was paid in the last month of the District’s fiscal year being
reported.	
12	
Employee compensation	$561,314.91	
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 - $756.84
Debt service - $1,303.76 - $1,451.61	
Special assessments collected	$3,057,091	
Outstanding Bonds: Series 2019
Series 2020
Series 2022 Area 3
Series 2022 Area 4
Series 2023
Series 2024	
$	5,975,000
$	6,110,000
$	2,285,000
$	4,135,000
$	7,750,000
$	8,700,000	

1001 W. Yamato Road ▪ Suite 301 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, 2024, 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 13, 2025.
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 13, 2025

1001 W. Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

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, 2024. 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, 2024.
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 13, 2025

1001 W. Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

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, 2024, and have issued our report thereon dated May 13, 2025.

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 13, 2025, 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 13, 2025

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, 2023.
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, 2024.
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, 2024.
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, 2024. 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

August 11, 2025 Board of Supervisors
VillaMar Community Development District 219 East Livingston Street
Orlando, Florida 32801

1001 Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

We are pleased to confirm our understanding of the services we are to provide VillaMar Community Development District, City of Winter Haven, Florida (“the District”) for the fiscal year ended September 30, 2025. We will audit the financial statements of the governmental activities and each major fund, including the related notes to the financial statements, which collectively comprise the basic financial statements of VillaMar Community Development District as of and for the fiscal year ended September 30, 2025. In addition, we will examine the District’s compliance with the requirements of Section 218.415 Florida Statutes. This letter serves to renew our agreement and establish the terms and fee for the 2025 audit.
Accounting principles generally accepted in the United States of America provide for certain required supplementary information (RSI), such as management’s discussion and analysis (MD&A), to supplement the District’s basic financial statements. Such information, 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. As part of our engagement, we will apply certain limited procedures to the District’s RSI in accordance with auditing standards generally accepted in the United States of America. These limited procedures will consist of inquiries of management regarding 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 will 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.
The following RSI is required by generally accepted accounting principles and will be subjected to certain limited procedures, but will not be audited:
Management’s Discussion and Analysis
Budgetary comparison schedule
The following other information accompanying the financial statements will not be subjected to the auditing procedures applied in our audit of the financial statements, and our auditor’s report will not provide an opinion or any assurance on that information:
Compliance with FL Statute 218.39 (3) (c)
Audit Objectives
The objective of our audit is the expression of opinions as to whether your financial statements are fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles and to report on the fairness of the supplementary information referred to in the second paragraph when considered in relation to the financial statements as a whole. Our audit will be conducted in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and will include tests of the accounting records of the District and other procedures we consider necessary to enable us to express such opinions. We will issue a written report upon completion of our audit of the District’s financial statements. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the financial statements is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
We will also provide a report (that does not include an opinion) on internal control related to the financial statements and compliance with the provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a material effect on the financial statements as required by Government Auditing Standards. The report on internal control and on compliance and other matters will include a paragraph that states (1) that the purpose of the report is solely to describe the scope of testing of internal control and compliance, and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control on compliance, and (2) that the report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control and compliance. The paragraph will also state that the report is not suitable for any other purpose. If during our audit we become aware that the District is subject to an audit requirement that is not encompassed in the terms of this engagement, we will communicate to management and those charged with governance that an audit in accordance with U.S. generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards may not satisfy the relevant legal, regulatory, or contractual requirements.

VillaMar Community Development District	Page 2

Examination Objective
The objective of our examination is the expression of an opinion as to whether the District is in compliance with Florida Statute 218.415 in accordance with Rule 10.556(10) of the Auditor General of the State of Florida. Our examination will be conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and will include tests of your records and other procedures we consider necessary to enable us to express such an opinion. We will issue a written report upon completion of our examination of the District’s compliance. The report will include a statement that the report is intended solely for the information and use of management, those charged with governance, and the Florida Auditor General, and is not intended to be and should not be used by anyone other than these specified parties. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the District’s compliance is other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the examination or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
Other Services
We will assist in preparing the financial statements and related notes of the District in conformity with U.S. generally accepted accounting principles based on information provided by you. These nonaudit services do not constitute an audit under Government Auditing Standards and such services will not be conducted in accordance with Government Auditing Standards. The other services are limited to the financial statement services previously defined. We, in our sole professional judgment, reserve the right to refuse to perform any procedure or take any action that could be construed as assuming management responsibilities.
Management Responsibilities
Management is responsible for compliance with Florida Statute 218.415 and will provide us with the information required for the examination. The accuracy and completeness of such information is also management’s responsibility. You agree to assume all management responsibilities relating to the financial statements and related notes and any other nonaudit services we provide. You will be required to acknowledge in the management representation letter our assistance with preparation of the financial statements and related notes and that you have reviewed and approved the financial statements and related notes prior to their issuance and have accepted responsibility for them. In addition, you will be required to make certain representations regarding compliance with Florida Statute 218.415 in the management representation letter. Further, you agree to oversee the nonaudit services by designating an individual, preferably from senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of those services; and accept responsibility for them.
Management is responsible for designing, implementing and maintaining effective internal controls, including evaluating and monitoring ongoing activities, to help ensure that appropriate goals and objectives are met; following laws and regulations; and ensuring that management and financial information is reliable and properly reported. Management is also responsible for implementing systems designed to achieve compliance with applicable laws, regulations, contracts, and grant agreements. You are also responsible for the selection and application of accounting principles, for the preparation and fair presentation of the financial statements and all accompanying information in conformity with U.S. generally accepted accounting principles, and for compliance with applicable laws and regulations and the provisions of contracts and grant agreements.
Management is also responsible for making all financial records and related information available to us and for the accuracy and completeness of that information. You are also responsible for providing us with (1) access to all information of which you are aware that is relevant to the preparation and fair presentation of the financial statements, (2) additional information that we may request for the purpose of the audit, and (3) unrestricted access to persons within the government from whom we determine it necessary to obtain audit evidence.
Your responsibilities include adjusting the financial statements to correct material misstatements and for confirming to us in the written representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole.
You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles in internal control, and (3) others where the fraud could have a material effect on the financial statements. Your responsibilities include informing us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from employees, former employees, grantors, regulators, or others. In addition, you are responsible for identifying and ensuring that the government complies with applicable laws, regulations, contracts, agreements, and grants and for taking timely and appropriate steps to remedy fraud and noncompliance with provisions of laws, regulations, contracts or grant agreements, or abuse that we report.
Management is responsible for establishing and maintaining a process for tracking the status of audit findings and recommendations. Management is also responsible for identifying and providing report copies of previous financial audits, attestation engagements, performance audits or other studies related to the objectives discussed in the Audit Objectives section of this letter. This responsibility includes relaying to us corrective actions taken to address significant findings and recommendations resulting from those audits, attestation engagements, performance audits, or other studies. You are also responsible for providing management’s views on our current findings, conclusions, and recommendations, as well as your planned corrective actions, for the report, and for the timing and format for providing that information.
With regard to the electronic dissemination of audited financial statements, including financial statements published electronically on your website, you understand that electronic sites are a means to distribute information and, therefore, we are not required to read the information contained in these sites or to consider the consistency of other information in the electronic site with the original document.

VillaMar Community Development District	Page 3

Audit Procedures—General
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgment about the number of transactions to be examined and the areas to be tested. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We will plan and perform the audit to obtain reasonable rather than absolute assurance about whether the financial statements are free of material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the government or to acts by management or employees acting on behalf of the government. Because the determination of abuse is subjective, Government Auditing Standards do not expect auditors to provide reasonable assurance of detecting abuse.
Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform a detailed examination of all transactions, there is a risk that material misstatements may exist and not be detected by us, even though the audit is properly planned and performed in accordance with U.S. generally accepted auditing standards and Government Auditing Standards. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations that do not have a direct and material effect on the financial statements. Our responsibility as auditors is limited to the period covered by our audit and does not extend to later periods for which we are not engaged as auditors.
Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, and may include tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and liabilities by correspondence with selected individuals, funding sources, creditors, and financial institutions. We will request written representations from your attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will require certain written representations from you about your responsibilities for the financial statements; compliance with laws, regulations, contracts, and grant agreements; and other responsibilities required by generally accepted auditing standards.
Audit Procedures—Internal Control
Our audit will include obtaining an understanding of the government and its environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements and to design the nature, timing, and extent of further audit procedures. Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting errors and fraud that are material to the financial statements and to preventing and detecting misstatements resulting from illegal acts and other noncompliance matters that have a direct and material effect on the financial statements. Our tests, if performed, will be less in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report on internal control issued pursuant to Government Auditing Standards.
An audit is not designed to provide assurance on internal control or to identify significant deficiencies or material weaknesses. However, during the audit, we will communicate to management and those charged with governance internal control related matters that are required to be communicated under AICPA professional standards and Government Auditing Standards.
Audit Procedures—Compliance
As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we will perform tests of the District’s compliance with the provisions of applicable laws, regulations, contracts, agreements, and grants. However, the objective of our audit will not be to provide an opinion on overall compliance and we will not express such an opinion in our report on compliance issued pursuant to Government Auditing Standards.
Engagement Administration, Fees, and Other
We understand that your employees will prepare all cash or other confirmations we request and will locate any documents selected by us for testing.
The audit documentation for this engagement is the property of Grau & Associates and constitutes confidential information. However, subject to applicable laws and regulations, audit documentation and appropriate individuals will be made available upon request and in a timely manner to a cognizant or oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S. Government Accountability Office for purposes of a quality review of the audit, to resolve audit findings, or to carry out oversight responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the supervision of Grau & Associates personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the aforementioned parties. These parties may intend, or decide, to distribute the copies or information contained therein to others, including other governmental agencies. Notwithstanding the foregoing, the parties acknowledge that various documents reviewed or produced during the conduct of the audit may be public records under Florida law. The District agrees to notify Grau & Associates of any public record request it receives that involves audit documentation.

Furthermore, Grau & Associates agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 119.0701, Florida Statutes. Auditor acknowledges that the designated public records custodian for the District is the District Manager (“Public Records Custodian”). Among other requirements and to the extent applicable by law, Grau & Associates shall 1) keep and maintain public records required by the District to perform the service; 2) upon request by the Public Records Custodian, provide the District with the requested public records or allow the records to be inspected or copied within a reasonable time period at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law for the duration of the contract term and following the contract term if Auditor does not transfer the records to the Public Records Custodian of the District; and 4) upon completion of the contract, transfer to the District, at no cost, all public records in Grau & Associate’s possession or, alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transferred by Grau & Associates, Grau & Associates shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the District in a format that is compatible with Microsoft Word or Adobe PDF formats.

VillaMar Community Development District	Page 4

IF GRAU & ASSOCIATES HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO ITS DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE PUBLIC RECORDS CUSTODIAN AT: C/O GOVERNMENTAL MANAGEMENT SERVICES – CENTRAL FLORIDA LLC, 219 EAST LIVINGSTON STREET ORLANDO, FLORIDA 32801, OR RECORDREQUEST@GMSCFL.COM, PH: (407) 841-5524.

Our fee for these services will not exceed $7,200 for the September 30, 2025 audit, unless there is a change in activity by the District which results in additional audit work or if additional Bonds are issued. This agreement is automatically renewed each year thereafter subject to the mutual agreement by both parties to all terms and fees. The fee for each annual renewal will be agreed upon separately.

We will complete the audit within prescribed statutory deadlines, which requires the District to submit its annual audit to the Auditor General no later than nine (9) months after the end of the audited fiscal year, with the understanding that your employees will provide information needed to perform the audit on a timely basis.

The audit documentation for this engagement will be retained for a minimum of five years after the report release date. If we are aware that a federal awarding agency or auditee is contesting an audit finding, we will contact the party(ies) contesting the audit finding for guidance prior to destroying the audit documentation.

Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. Invoices will be submitted in sufficient detail to demonstrate compliance with the terms of this agreement. In accordance with our firm policies, work may be suspended if your account becomes 60 days or more overdue and may not be resumed until your account is paid in full. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed upon written notification of termination, even if we have not completed our report. You will be obligated to compensate us for all time expended and to reimburse us for all out- of-pocket costs through the date of termination. The above fee is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary, we will discuss it with you and arrive at a new fee estimate.

The District has the option to terminate this agreement with or without cause by providing thirty (30) days written notice of termination to Grau & Associates. Upon any termination of this agreement, Grau & Associates shall be entitled to payment of all work and/or services rendered up until the effective termination of this agreement, subject to whatever claims or off-sets the District may have against Grau & Associates.
We will provide you with a copy of our most recent external peer review report and any letter of comment, and any subsequent peer review reports and letters of comment received during the period of the contract. Our 2022 peer review report accompanies this letter.

We appreciate the opportunity to be of service to VillaMar Community Development District and believe this letter accurately summarizes the terms of our engagement and, with any addendum, if applicable, is the complete and exclusive statement of the agreement between Grau & Associates and the District with respect to the terms of the engagement between the parties. If you have any questions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign the enclosed copy and return it to us.
Very truly yours, Grau & Associates

Antonio J. Grau

RESPONSE:
This letter correctly sets forth the understanding of VillaMar Community Development District.

By: 	

Title: 	

Date: 	

VillaMar Community Development District	Page 5

Section X

Section A

VillaMar Community Development District Performance Measures/Standards & Annual Reporting Form
October 1, 2025 – September 30, 2026

 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 B

VillaMar Community Development District Performance Measures/Standards & Annual Reporting Form
October 1, 2025 – September 30, 2026

 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 XI

This instrument was prepared by:

Roy Van Wyk, Esq.
KILINSKI I VAN WYK PLLC
517 E. College Ave. Tallahassee, Florida 3230 I

INSTR # 2025164726
BK 13624 Pgs 1539-1540 PG(s)2
07/15/2025 12:39:11 PM STACY M. BUTTERFIELD,
CLERK OF COURT POLK COUNTY RECORDING FEES 18.50

 
Parcel ID:
262915688506004000

QUIT-CLAIM DEED
THIS QUIT CLAIM DEED is made as of the --U- day of July 2025, by and between VILLAMAR COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose govenunent established pursuant to Chapter I90, Florida Statutes, being situated in Polk County, Florida whose mailing address is c o Governmental Management Services, 219 East Livingston St., Orlando, Florida 32801 ("Grantor") and VMAR DEV, LLC., a Florida limited liability company with a mailing address of 346 East Central Avenue, Winter Haven, Florida 33880 ("Grantee"),.

(Wherever used herein, the terms "Grantor(s)" and "Grantee" include all of the parties to this instrument, the heirs, legal representatives and assigns of individuals, and the successors and assigns of trustees, partnerships, limited liability companies, governmental entities, and corporations.)

WITNESSETH

THAT GRANTOR(S), for good and valuable considerations, the receipt and sufficiency of which are hereby acknowledged, does hereby remise, release and quit-claim unto the Grantee forever, all the right, title, interest, claim and demand which the respective Grantor has in and to the following described lot, piece or parcel ofland, situate, lying and being in the County of Polk, State of Florida, and more particularly below ("Property"), to the extent of their respective interests therein:
Tract G, as depicted on the Plat of VillaMar Phase 7, recorded at Plat Book 211, Page 501 of the public records of Polk County, Florida.

TOGETHER with all the tenements, hereditaments, and appurtenances thereto belonging or in anywise appertaining, including but not necessarily limited to all improvements located thereon.

TO HAVE AND TO HOLD the same in fee simple forever, subject to taxes for the year hereof and subsequent years, as applicable, and all easements, restrictions, reservations, conditions, covenants, limitations and agreements of record. This reference to such matters of record shall not operate to re-impose the same.

[Signat11re Page to Follow}

IN WITNESS WHEREOF, Grantor has caused these presents to be executed to be effective as of the day and year first above written.

WITNESS	VILLAMAR COMMUNITY
DEVELOPMENT DISTRICT, a local unit of special purpose government

BNa � y.�Jcs�s1��U

Address:
346 E. Central Ave. Winter Haven, FL 33880

By:��

Name:	+h�toS
Address:
346 E. Central Ave. Winter Haven, FL 33880

Chairperson
Address: 219 E. Livingston Street Orlando, Florida 3280 I

STATE OF FL�DA
couNTvoF �DlK..
The foregoing instr�ent was acknowledged before me by means of,/ physical presence or
online notarization, this _{_I  day of July 2025, by Lauren 0. Schwenk, as �hairman of the Board of
Supervisors of the VillaMar Community Development District, and who is either personally known to me, or produced 	 as identification.	-
-V:L  -ti�
NOTARY PUBLIC, STATE OF	£1.ou.d.1

•

A,

(NOTARY SEAL)

- --

...... -·
Nolary Public Stall of Florid■
Bobble Henley	r ••
My commlsalon	• • •

Name:	r�

(Name of Notary Public, Printed, Sta Typed as Commissioned)

I	IQ
"	- -

HH 191373

Exp.

211112026

Note to Examiner: This instrument evidences a conveyance of an interest in unencumbered real estate that was inadvertently deeded to the Grantor by Grantee by Instrument #2025091047

Stacy M. Butterfield POLK
CFN# 2025164726 OR BK 13624 PG 1540 Pgs 1539-1540 07/15/2025 12:39:11 PM

Section XII

Section C

Item will be provided under separate cover.

Section D

Section 1

to all Amenity Policies. During the period when a Renter is designated as the beneficial user, the Resident shall not be entitled to use the Amenities. In other words, Renter’s and Resident’s cannot simultaneously hold Amenity privileges associated with that residential unit. Residents may retain their Amenities rights in lieu of granting them to their Renters.
Residents shall be responsible for all charges incurred by their Renters which remain unpaid after the customary billing and collection procedures established by the District. Residents are responsible for the deportment of their respective Renter, including the Renter’s adherence to the Amenity Policies.
(7) Access Cards. Access Cards will be issued to each Household at the time they are closing upon property within the District, or upon approval of Non-Resident Patron application and payment of applicable Annual User Fee, or upon verification and approval of Renter designation. Proof of property ownership may be required annually. All Patrons must use their Access Card for entrance to the Amenities. Access Card shall not be issued to Non-Residents. A maximum of two (2) Access Cards will be issued per Household.
All Patrons must use their Access Cards for entrance to the Amenity Facilities. Each Household will be authorized initial Access Cards free of charge after which a fee shall be charged for each additional Access Card in accordance with the Amenity Rates then in effect.
Patrons must scan their Access Cards in the card reader to gain access to the Amenities. This Access Card system provides a security and safety measure for Patrons and protects the Amenities from non- Patron entry. Under no circumstances, shall a Patron provide their Access Card to another person, whether Patron or non-Patron, to allow access to the Amenities.
Access Cards are the property of the District and are non-transferable except in accordance with the District’s Amenity Policies. All lost or stolen cards must be reported immediately to District Staff. Fees shall apply to replace any lost or stolen cards.

SUGGESTED REVISION TO ACCESS CARD VERBIAGE

to all Amenity Policies. During the period when a Renter is designated as the beneficial user, the Resident shall not be entitled to use the Amenities. In other words, Renter’s and Resident’s cannot simultaneously hold Amenity privileges associated with that residential unit. Residents may retain their Amenities rights in lieu of granting them to their Renters.
Residents shall be responsible for all charges incurred by their Renters which remain unpaid after the customary billing and collection procedures established by the District. Residents are responsible for the deportment of their respective Renter, including the Renter’s adherence to the Amenity Policies.
(7) Access Cards. Access Cards will be issued to each Household upon registering for amenity access with the District after closing upon property within the District, or upon approval of Non-Resident Patron application and payment of applicable Annual User Fee, or upon verification and approval of Renter designation. Proof of property ownership may be required annually. All Patrons must use their Access Card for entrance to the Amenities. Access Card shall not be issued to Non-Residents. A maximum of two (2) Access Cards will be issued per Household.
All Patrons must use their Access Cards for entrance to the Amenity Facilities. Each Household will be authorized initial Access Cards free of charge after which a fee shall be charged for each additional Access Card in accordance with the Amenity Rates then in effect.
Patrons must scan their Access Cards in the card reader to gain access to the Amenities. This Access Card system provides a security and safety measure for Patrons and protects the Amenities from non- Patron entry. Under no circumstances, shall a Patron provide their Access Card to another person, whether Patron or non-Patron, to allow access to the Amenities.
Access Cards are the property of the District and are non-transferable except in accordance with the District’s Amenity Policies. All lost or stolen cards must be reported immediately to District Staff. Fees shall apply to replace any lost or stolen cards.

Section 2

VillaMar
COMMUNITY DEVELOPMENT DISTRICT

Check Register
Fiscal Year 2025

Date	check #'s	Amount	

Truist Bank		

June & July 2025	
Check#: 916 - 935	

$52,942.51	
	ACH Utilities: 80050 - 80060	
$43,527.91	
	TOTAL	$96,470.42	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/19/25	PAGE	1
*** CHECK DATES 06/01/2025 - 07/31/2025 ***	VILLAMAR CDD - GENERAL FUND
BANK A VILLAMAR CDD

DATE		DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#	
6/02/25	00010	5/28/25	BW052820 202505	310-51300-11000	*	200.00			

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....

	SUPERVISOR FEES 05/28/25
BRIAN WALSH																						200.00	000916	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	-	- - - -	-	- - - -	- - -	
6/02/25 00069	5/28/25 EC052820 202505 310-51300-11000													*							200.00				
SUPERVISOR FEES 05/28/25
EMILY CASSIDY	200.00 000917
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/02/25 00068	5/28/25 BH052820 202505 310-51300-11000	*	200.00

BOBBIE	HENLEY	200.00	000918	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - - -	- - - -	-	-	-	-	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	-	- - - -	-	- - - -	- - -	
6/13/25 00034	5/23/25 15114	202505	330-53800-48500	*	450.00	
MAY 25	- JANITORIAL SVCS	
5/23/25 15114	202505 330-53800-48500	*	300.00	
MAY 25	- TRASH COLLECT	
5/23/25 15114	202505 330-53800-48500	*	100.00	
MAY 25	- MAIL TRASH COLL.	
CSS	CLEAN STAR	SERVICES CENTRAL FL	850.00	000919	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - -	-	-	- -	-	-	-	-	-	-	- - - -	-	- - - -	- - -	
6/13/25 00054	5/31/25 7143630	202505 310-51300-48000	*	857.41	
REQUEST	FOR PROPOSALS	
5/31/25 7143630	202505 310-51300-48000	*	292.19	

SUPERVISOR FEES 05/28/25

NOTICE OF MEETING

GANNETT FLORIDA LOCALIQ	1,149.60 000920

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/13/25 00009	4/30/25 336	202504 320-53800-47400	*	400.00
DRAIN TRASH REMOVAL
4/30/25 337	202504 320-53800-47400	*	200.00
SVCD WATER FOUNTAIN
4/30/25 338	202504 330-53800-48300	*	220.20
GRAFFITI REMOVAL
GOVERNMENTAL MANAGEMENT SERVICES -	820.20 000921
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/13/25 00076	5/28/25 45806	202505 330-57200-49000	*	9,960.00
16 AMENITY ARMLESS CHAISE
PATIO SHOWCASE	9,960.00 000922
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/13/25 00015	5/19/25 17977	202505 320-53800-49000	*	100.00
1X MOW,SPRAY,TRIM
6/01/25 18210	202506 320-53800-46200	*	16,248.00
JUN 25 - LANDSCAPE MAINT.
PRINCE & SONS INC.	16,348.00 000923
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/13/25 00046	5/29/25 6830	202505 330-53800-48300	*	811.15
REP. PLYGRND COMPONANT
PRO PLAYGROUNDS	811.15 000924
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/19/25	PAGE	2
*** CHECK DATES 06/01/2025 - 07/31/2025 ***	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	#
6/13/25 00045	6/01/25 27682	202506 330-53800-48100	*	2,870.00
POOL MAINTENANCE - JUN 25
RESORT POOL SERVICES DBA	2,870.00 000925
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/13/25 00049	5/31/25 12179740 202505 320-53800-34500	*	3,368.88
MAY 25 -SECURITY SERVICES
SECURITAS SECURITY SERVICES USA,INC	3,368.88 000926
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/13/25 00041	6/01/25 PSI70707 202506 320-53800-47000	*	1,082.00 LAKE MAINTENANCE - JUN 25
6/01/25 PSI70707 202506 320-53800-47000	*	856.00
POND MAINTENANCE - JUN 25
SOLITUDE LAKE MANAGEMENT SERVICES	1,938.00 000927

6/23/25 00009	6/01/25	
	6/01/25	
	6/01/25	
	6/01/25	
	6/01/25	
	6/01/25	
	6/01/25	
	6/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
340	202506 320-53800-12000	*	1,875.00
JUN 25 - FIELD MANAGEMENT
341	202506 310-51300-34000	*	3,718.75
JUN 25 - MGMT FEES
341	202506 310-51300-35200	*	105.00
JUN 25 - WEBSITE ADMIN
341	202506 310-51300-35100	*	157.50
JUN 25 - INFORMATION TECH
341	202506 310-51300-31300	*	833.33
JUN 25 - DISSEMINATION
341	202506 330-57200-12000	*	625.00
JUN 25 - AMENITY ACCESS
341	202506 310-51300-51000	*	3.61
JUN 25 - OFFICE SUPPLIES
341	202506 310-51300-42500	*	79.83
JUN 25 - POSTAGE
GOVERNMENTAL MANAGEMENT SERVICES -	7,398.02 000928
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/23/25 00039	6/16/25 12455	202505 310-51300-31500	*	3,003.72
GENERAL COUNSEL - MAY 25
KILINSKI / VAN WYK, PLLC	3,003.72 000929
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/23/25 00015	6/19/25 18555	202506 320-53800-49000	*	100.00- CREDIT MOW,CLEAR UP SPRAY
6/20/25 18570	202506 320-53800-49000	*	650.00
CLEAR OUT AREA - PHASE 4
PRINCE & SONS INC.	550.00 000930
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/23/25 00027	7/01/25 JUL25PLA 202507 330-53800-48600	*	1,078.87 PLAYG.FURN LEASE
7/01/25 JUL25POO 202507 330-53800-48600	*	1,396.07 POOL FURN. LEASE
WHFS, LLC	2,474.94 000931
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/19/25	PAGE	3
*** CHECK DATES 06/01/2025 - 07/31/2025 ***	VILLAMAR CDD - GENERAL FUND

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	NAME		STATUS		AMOUNT	....CHECK..... AMOUNT	#	
6/27/25 00010	6/25/25 BW062520 202506 310-51300-11000
BRIAN WALSH			*		200.00	
200.00 000932	
- - - - - - - - 6/27/25 00069	- - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/25/25 EC062520 202506 310-51300-11000
EMILY CASSIDY	- - -	- - - - -	- - - -
*	- - - - - -	- - - - -	- - - - - - -

200.00 000933	
- - - - - - - - 6/27/25 00068	- - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/25/25 BH062520 202506 310-51300-11000
BOBBIE HENLEY	- - -	- - - - -	- - - -
*	- - - - - -	- - - - -	- - - - - - -

200.00 000934	
- - - - - - - - 6/27/25 00008	- - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/25/25 LS062520 202506 310-51300-11000
LAUREN SCHWENK	- - -	- - - - -	- - - -
*	- - - - - -	- - - - -	- - - - - - -

200.00 000935	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - -	- - - - -	- - - -	- - - - - -	- - - - -	- - - - - - -	

BANK A VILLAMAR CDD

SUPERVISOR FEES 06/25/25

SUPERVISOR FEES 06/25/25

200.00

SUPERVISOR FEES 06/25/25

200.00

SUPERVISOR FEES 06/25/25

200.00

TOTAL FOR BANK A	52,942.51
TOTAL FOR REGISTER	52,942.51

VMCD VILLAMAR CDD	SNEEROOA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/19/25	PAGE	1
*** CHECK DATES 06/01/2025 - 07/31/2025 ***	VILLAMAR CDD - GENERAL FUND
BANK Z VILLAMAR CDD	AUTOPY

DATE		DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT	#	
6/27/25	00051	5/30/25	APR-25	202504 330-57200-48100	*	207.03			

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....

	APR 25 -FLD WATER & SEWER
CITY	OF WINTER HAVEN	WATER	DEPT.													207.03	080050	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - -	- - - - - - - -	- - -	- - -	-	-	-	- -	-	-	-	-	-	-	- - - -	-	- - - -	- - -	
6/27/25 00043	5/28/25 65094688 202505 330-57200-48100							*							50.00				
	PEST CONTROL - MAY 25																		
	6/23/25 65574345 202506 330-57200-48100							*							50.00				

PEST CONTROL - MAY 25

MASSEY SERVICES INC.	100.00 080051

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/27/25 00058	6/01/25 15531650 202506 330-57200-41000	*	210.31

SPECTRUM	BUSINESS	210.31	080052	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - -	- -	- - - - -	-	-	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	-	- - - -	-	- - - -	- - -	
6/27/25	00022	6/04/25	APR-25	202504 330-53800-43000	*	1,213.37	
APR 25	- AMENITY ELECTRIC	
6/04/25	APR-25	202504 320-53800-43000	*	284.54	
APR 25	- FIELD ELECTRIC	
6/04/25	APR-25	202504 320-53800-43100	*	15,191.89	
APR 25	- STREETLIGHTS	
TECO	16,689.80	080053	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
6/28/25	00022	6/04/25	APR-25	202504 330-53800-43000	V	1,213.37-	
APR 25	- AMENITY ELECTRIC	
6/04/25	APR-25	202504 320-53800-43000	V	284.54-	
APR 25	- FIELD ELECTRIC	
6/04/25	APR-25	202504 320-53800-43100	V	15,191.89-	
APR 25	- STREETLIGHTS	

JUN 25 - TV/INTERNET/TEL

TECO	16,689.80-080053
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/27/25 00022	5/14/25 APR-25	202504 320-53800-43000	*	284.54
APR 25 - FIELD ELECTRIC
TECO	284.54 080054
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/27/25 00022	5/14/25 APR-25	202504 330-53800-43000	*	1,213.37 APR 25 - AMENITY ELECTRIC
TECO	1,213.37 080055
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/27/25 00022	5/21/25 APR-25	202504 320-53800-43100	*	15,107.52 APR 25 - STREETLIGHTS
TECO	15,107.52	080056	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
7/31/25	00051	7/04/25	MAY-25	202505 320-53800-43200	*	3,738.18	
MAY 25	-FLD WATER & SEWER	
7/04/25	MAY-25	202505 330-53800-48400	*	1,999.42	
MAY 25	-AMTY WATR & SEWER	
VMCD VILLAMAR CDD	SNEEROOA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/19/25	PAGE	2
*** CHECK DATES 06/01/2025 - 07/31/2025 ***	VILLAMAR CDD - GENERAL FUND
BANK Z VILLAMAR CDD	AUTOPY
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

	7/11/25 JUN-25	202506 320-53800-43200	*					2,511.52		
	JUN 25 -FIELD WATER&SEWER
7/11/25 JUN-25	202506 330-53800-48400	*					1,348.79		
	JUN 25 -AMTY WATR & SEWER								
	CITY OF WINTER HAVEN WATER DEPT.							9,597.91	080057	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	- - - - - -	- - - - -	- - -	
7/31/25 00043	7/02/25 67730958 202507 330-57200-48100	*					168.00			
	INST.4RODENTS BAIT STTNS.									
	7/28/25 66109170 202507 330-57200-48100	*					50.00			
	JUL 25 - PEST CONTROL									
	MASSEY SERVICES INC.							218.00	080058	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	- - - - - -	- - - - -	- - -	
7/31/25 00058	7/01/25 15531650 202507 330-57200-41000	*					210.31			
	JUL 25 - TV/INTERNET/TEL									
	SPECTRUM BUSINESS							210.31	080059	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	- - - - - -	- - - - -	- - -	
7/31/25 00022	6/20/25 MAY-25	202505 320-53800-43000	*					84.31			
	MAY 25 - FIELD ELECTRIC									
	6/20/25 MAY-25	202505 320-53800-43100	*					15,122.70			
	MAY 25 - STREETLIGHTS									
	6/20/25 MAY-25	202505 330-53800-43000	*					1,171.91			
	MAY 25 - AMENITY ELECTRIC									
	TECO							16,378.92	080060	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	- - - - - -	- - - - -	- - -	
	TOTAL FOR BANK Z						43,527.91			
	TOTAL FOR REGISTER						43,527.91			

VMCD VILLAMAR CDD	SNEEROOA

Section 3

VillaMar	
Community Development District	

Unaudited Financial Reporting	
July 31, 2025	

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

VillaMar	
Community Development District	
Combined Balance Sheet	
July 31, 2025	
General	Debt Service	Capital Projects	Totals	
Fund	Fund	Fund	Governmental Funds	

$	97,228	
-	

$	-	
-	

$	-	
1,289	

$	97,228	
1,289	

Assets:	
Cash:	
Operating Account	
Capital Projects Account	
Investments:	
State Board Administration (SBA)	
Series 2019	
Reserve	
Revenue	
Prepayment	
Series 2020	
Reserve	
Revenue	
Series 2022 A3	
Reserve	
Revenue	
Prepayment	
Construction	
Series 2022 A4	
Reserve	
Revenue	
Series 2023 A5	
Reserve	
Revenue	
Prepayment	
Construction	
Cost of Issuance	
Series 2024 A6	
Reserve	
Revenue	
Construction	

561,225	-	-	561,225

-	
-	
-	

204,610	
197,356	
1,714	

-	
-	
-	

204,610	
197,356	
1,714	

-	
-	

184,450	
174,685	

-	
-	

184,450	
174,685	

-	
-	
-	
-	

69,338	
136,546	
428	
-	

-	
-	
-	
9	

69,338	
136,546	
428	
9	

-	
-	

125,141	
123,092	

-	
-	

125,141	
123,092	

-	
-	
-	
-	
-	

264,480	
268,248	
202,621	
-	
-	

-	
-	
-	
4	
0	

264,480	
268,248	
202,621	
4	
0	

-	
-	
-	

603,000	
140,469	
-	

-	
-	
74,964	

603,000	
140,469	
74,964	

Due from Developer Series 2023 A5	-	-	32,334	32,334	
Due from Developer Series 2024 A6	-	-	41,915	41,915	
Due from General Fund Series 2019	-	3,033	-	3,033	
Due from General Fund Series 2020	-	2,773	-	2,773	
Due from General Fund Series 2023 A3	-	1,044	-	1,044	
Due from General Fund Series 2023 A4	-	1,877	-	1,877	
Due from General Fund Series 2023 A5	-	4,043	-	4,043	
Deposits	6,327	-	-	6,327	
Y	$	664,781	$	2,708,945	$	150,517	$	3,524,243	
Liabilities:	
Accounts Payable	$	80,897	$	-	$	-	$	80,897	
Contracts Payable	-	-	41,915	41,915	
Due to Developer	8,921	-	-	8,921	
Due to Debt Service	12,769	-	-	12,769	
Due to Developer Series 2019	-	-	1,000	1,000	
Total Liabilites	$	102,587	$	-	$	42,915	$	145,502	
Fund Balance:	
Nonspendable:	
Prepaid Items	$	6,327	$	-	$	-	$	6,327	
Restricted for:	
Debt Service - Series 2019	-	406,713	-	406,713	
Debt Service - Series 2020	-	361,907	-	361,907	
Debt Service - Series 2022 A3	-	207,355	-	207,355	
Debt Service - Series 2022 A4	-	250,110	-	250,110	
Debt Service - Series 2023 A5	-	739,391	-	739,391	
Debt Service - Series 2024 A6	-	743,469	-	743,469	
Capital Projects - Series 2019	-	-	289	289	
Capital Projects - Series 2022 A3	-	-	9	9	
Capital Projects - Series 2023 A5	-	-	32,339	32,339	
Capital Projects - Series 2024 A6	-	-	74,964	74,964	
Assigned for:	
Capital Reserves	169,845	-	-	169,845	
Unassigned	386,022	-	-	386,022	

Total Fund Balances	$	562,194	$	2,708,945	$	107,601	$	3,378,741	
					
Total Liabilities & Fund Balance	$	664,781	$	2,708,945	$	150,517	$	3,524,243	

VillaMar	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending July 31, 2025	

Adopted	Prorated Budget	Actual		
Budget	Thru 07/31/25	Thru 07/31/25	Variance	

Revenues:					
Special Assessments - Tax Roll	$	984,004	$	984,004	$	987,743	$	3,739	
Special Assessments - Direct	71,847	71,847	71,844	(3)	
Interest Income	-	-	11,225	11,225	
Miscellaneous Revenue	-	-	4,408	4,408	

Total Revenues	$	1,055,851	$	1,055,851	$	1,075,220	$	19,369	
Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	10,000	$	3,000	$	7,000	
Engineering	7,500	6,250	6,213	38	
Attorney	30,000	25,000	14,920	10,080	
Annual Audit	5,600	5,600	7,100	(1,500)	
Assessment Administration	10,000	10,000	10,000	-	
Bond Amortization Filing	-	-	4,000	(4,000)	
Arbitrage	2,700	2,700	2,700	-	
Dissemination	10,000	8,333	8,333	0	
Trustee Fees	29,800	15,301	15,301	-	
Management Fees	44,625	37,188	37,188	-	
Information Technology	1,890	1,575	1,575	-	
Website Maintenance	1,260	1,050	1,050	-	
Postage & Delivery	3,500	2,917	975	1,942	
Insurance General Liability	6,886	6,886	6,408	478	
Printing & Binding	500	417	387	29	
Legal Advertising	10,000	8,333	1,150	7,184	
Office Supplies	500	417	15	401	
Other Current Charges	1,500	1,250	677	573	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	178,436	$	143,391	$	121,167	$	22,224	

VillaMar	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending July 31, 2025	

Adopted	Prorated Budget	Actual		
Budget	Thru 07/31/25	Thru 07/31/25	Variance	

Operations & Maintenance					
Field Expenditures					
Property Insurance	$	18,854	$	18,854	$	14,133	$	4,721	
Field Management	22,500	18,750	18,750	-	
Landscape Maintenance	226,000	188,333	131,816	56,517	
Landscape Replacement	22,500	18,750	2,414	16,337	
Pond Maintenance	32,000	26,667	20,856	5,811	
Electric - Streetlights	166,320	138,600	151,523	(12,923)	
Electric	3,000	2,500	2,761	(261)	
Water & Sewer	30,000	25,000	29,664	(4,664)	
Sidewalk & Asphalt Maintenance	2,500	2,083	4,284	(2,201)	
Irrigation Repairs	10,000	8,333	3,081	5,252	
General Repairs & Maintenance	25,000	20,833	15,307	5,526	
Contingency	40,000	33,333	31,082	2,251	
Subtotal Field Expenditures	$	598,674	$	502,037	$	425,671	$	76,366	
Amenity Expenditures					
Amenity - Electric	$	18,000	$	15,000	$	12,303	$	2,697	
Amenity - Water & Sewer	20,000	16,667	11,717	4,950	
Playground & Furniture Lease	35,000	29,167	24,749	4,417	
Internet	3,000	2,500	1,996	504	
Pest Control	660	550	668	(118)	
Janitorial Services	11,780	9,817	12,170	(2,353)	
Security Services	36,036	30,030	34,566	(4,536)	
Pool Maintenance - Contract	34,440	28,700	33,646	(4,946)	
Amenity Access Management	7,500	6,250	6,250	-	
Amenity Repairs & Maintenance	10,000	8,333	5,959	2,374	
Holiday Decorations	10,000	10,000	10,000	-	
Contingency	10,000	10,000	24,466	(14,466)	
Subtotal Amenity Expenditures	$	196,416	$	167,013	$	178,490	$	(11,477)	

Total Operations & Maintenance	$	795,090	$	669,051	$	604,162	$	64,889	

Total Expenditures	$	973,526	$	812,442	$	725,329	$	87,113	

Excess (Deficiency) of Revenues over Expen	$	82,325	$	243,409	$	349,891	$	106,482	
Other Financing Sources/(Uses):					
Capital Reserve Transfer	$	(82,325)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(82,325)	$	-	$	-	$	-	

Net Change in Fund Balance	$	-	$	243,409	$	349,891	$	106,482	
					
Fund Balance - Beginning	$	-		$	212,303		
					
Fund Balance - Ending	$	-		$	562,194		

VillaMar	
Community Development District	
Capital Reserve Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending July 31, 2025	

Adopted	Prorated Budget	Actual		
Budget	Thru 07/31/25	Thru 07/31/25	Variance	

Revenues:					
Interest Income	$	-	$	-	$	-	$	-	

Total Revenues	$	-	$	-	$	-	$	-	

Expenditures:					
Chair Lift Replacement	$	10,500	$	-	$	-	$	-	
Furniture Replacement	12,500	-	-	-	
Contingency	600	-	-	-	
Total Expenditures	$	23,600	$	-	$	-	$	-	

Excess (Deficiency) of Revenues over Expen	$	(23,600)	$	-	$	-	$	-	

Other Financing Sources/(Uses):

Capital Reserve Transfer	$	82,325	$	-	$	-	$	-	

Total Other Financing Sources/(Uses)	$	82,325	$	-	$	-	$	-	

Net Change in Fund Balance	$	58,725	$	-	$	-	$	-	
					
Fund Balance - Beginning	$	39,350		$	-		
					
Fund Balance - Ending	$	98,075		$	-		

VillaMar	
Community Development District	
Debt Service Fund Series 2019 A1	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending July 31, 2025	

Adopted	Prorated Budget	Actual		
Budget	Thru 07/31/25	Thru 07/31/25	Variance	

Revenues:					
Special Assessments - Tax Roll	$	403,763	$	403,763	$	405,264	$	1,501	
Interest Income	-	-	13,945	13,945	

Total Revenues	$	403,763	$	403,763	$	419,208	$	15,446	

Expenditures:					
Interest - 11/1	$	140,338	$	140,338	$	140,338	$	-	
Interest - 5/1	140,338	140,338	140,338	-	
Principal - 5/1	125,000	125,000	125,000	-	
Total Expenditures	$	405,675	$	405,675	$	405,675	$	-	

Excess (Deficiency) of Revenues over Expen	$	(1,913)	$	(1,913)	$	13,533	$	15,446	

Net Change in Fund Balance	$	(1,913)	$	(1,913)	$	13,533	$	15,446	
					
Fund Balance - Beginning	$	183,440		$	393,180		
					
Fund Balance - Ending	$	181,528		$	406,713		

VillaMar	
Community Development District	
Debt Service Fund Series 2020 A2	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending July 31, 2025	

Adopted	Prorated Budget	Actual		
Budget	Thru 07/31/25	Thru 07/31/25	Variance	

Revenues:					
Special Assessments - Tax Roll	$	369,050	$	369,050	$	370,423	$	1,373	
Interest Income	-	-	12,547	12,547	

Total Revenues	$	369,050	$	369,050	$	382,969	$	13,919	

Expenditures:					
Interest - 11/1	$	115,816	$	115,816	$	115,816	$	-	
Interest - 5/1	115,816	115,816	115,816	-	
Principal - 5/1	135,000	135,000	135,000	-	
Total Expenditures	$	366,631	$	366,631	$	366,631	$	-	

Excess (Deficiency) of Revenues over Expen	$	2,419	$	2,419	$	16,338	$	13,919	

Net Change in Fund Balance	$	2,419	$	2,419	$	16,338	$	13,919	
					
Fund Balance - Beginning	$	159,690		$	345,569		
					
Fund Balance - Ending	$	162,109		$	361,907		

VillaMar	
Community Development District	
Debt Service Fund Series 2022 A3	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending July 31, 2025	

Adopted	Prorated Budget	Actual		
Budget	Thru 07/31/25	Thru 07/31/25	Variance	

Revenues:					
Special Assessments - Tax Roll	$	165,060	$	165,060	$	139,422	$	(25,637)	
Interest Income	-	-	6,103	6,103	

Total Revenues	$	165,060	$	165,060	$	145,525	$	(19,535)	

Expenditures:					
Interest - 11/1	$	44,066	$	44,066	$	44,066	$	-	
Interest - 5/1	43,284	43,284	43,284	-	
Principal - 11/1	50,000	50,000	50,000	-	
Total Expenditures	$	137,350	$	137,350	$	137,350	$	-	

Excess (Deficiency) of Revenues over Expen	$	27,710	$	27,710	$	8,175	$	(19,535)	

Net Change in Fund Balance	$	27,710	$	27,710	$	8,175	$	(19,535)	
					
Fund Balance - Beginning	$	66,015		$	199,180		
					
Fund Balance - Ending	$	93,725		$	207,355		

VillaMar	
Community Development District	
Debt Service Fund Series 2022 A4	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending July 31, 2025	

Adopted	Prorated Budget	Actual		
Budget	Thru 07/31/25	Thru 07/31/25	Variance	

Revenues:					
Special Assessments - Tax Roll	$	249,825	$	249,825	$	250,755	$	930	
Interest Income	-	-	8,618	8,618	

Total Revenues	$	249,825	$	249,825	$	259,373	$	9,548	

Expenditures:					
Interest - 11/1	$	82,025	$	82,025	$	82,025	$	-	
Interest - 5/1	82,025	82,025	82,025	-	
Principal - 5/1	85,000	85,000	85,000	-	
Total Expenditures	$	249,050	$	249,050	$	249,050	$	-	

Excess (Deficiency) of Revenues over Expen	$	775	$	775	$	10,323	$	9,548	

Net Change in Fund Balance	$	775	$	775	$	10,323	$	9,548	
					
Fund Balance - Beginning	$	114,869		$	239,787		
					
Fund Balance - Ending	$	115,644		$	250,110		

VillaMar	
Community Development District	
Debt Service Fund Series 2023 A5	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending July 31, 2025	

Adopted	Prorated Budget	Actual		

` Revenues:	Budget	Thru 07/31/25	Thru 07/31/25	Variance	
Special Assessments - Direct	$	553,728	$	553,728	$	540,105	$	(13,624)	
Prepayments	-	-	310,618	310,618	
Interest Income	-	-	20,225	20,225	

Total Revenues	$	553,728	$	553,728	$	870,947	$	317,219	

Expenditures:					
Interest - 11/1	$	219,934	$	219,934	$	217,656	$	2,278	
Special Call - 11/1	-	-	140,000	(140,000)	
Interest 2/1	-	-	713	(713)	
Special Call - 2/1	-	-	50,000	(50,000)	
Interest - 5/1	219,934	219,934	212,344	7,591	
Principal - 5/1	115,000	115,000	110,000	5,000	
Special Call - 5/1	-	-	80,000	(80,000)	
Total Expenditures	$	554,869	$	554,869	$	810,713	$	(255,844)	

Excess (Deficiency) of Revenues over Expen	$	(1,141)	$	(1,141)	$	60,234	$	61,375	

Net Change in Fund Balance	$	(1,141)	$	(1,141)	$	60,234	$	61,375	
					
Fund Balance - Beginning	$	336,869		$	679,156		
					
Fund Balance - Ending	$	335,728		$	739,391		

VillaMar	
Community Development District	
Debt Service Fund Series 2024 A6	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending July 31, 2025	

Adopted	Prorated Budget	Actual		
Budget	Thru 07/31/25	Thru 07/31/25	Variance	

Revenues:					
Special Assessments - Direct	$	603,000	$	451,763	$	451,763	$	-	
Interest Income	-	-	24,679	24,679	

Total Revenues	$	603,000	$	451,763	$	476,441	$	24,679	

Expenditures:					
Interest - 11/1	$	240,659	$	240,659	$	240,659	$	-	
Interest - 5/1	240,659	240,659	240,659	-	
Principal - 5/1	120,000	120,000	120,000	-	
Total Expenditures	$	601,319	$	601,319	$	601,319	$	-	

Excess (Deficiency) of Revenues over Expen	$	1,681	$	(149,556)	$	(124,877)	$	24,679	

Net Change in Fund Balance	$	1,681	$	(149,556)	$	(124,877)	$	24,679	
					
Fund Balance - Beginning	$	343,608		$	868,346		
					
Fund Balance - Ending	$	345,289		$	743,469		

VillaMar	
Community Development District	
Combined Capital Project Funds	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending July 31, 2025	

	Series	Series	Series	Series	Series	Series		
	2019 A1	2020 A2	2022 A3	2022 A4	2023 A5	2024 A6	Total	
Revenues								
Developer Contributions	$	-	$	-	$	17,063	$	-	$	137,745	$	2,078,957	$	2,233,765	
Interest Income	1	-	0	-	953	186	1,140	
Misc Income	-	-	-	-	-	-	-	
Interest	-	-	-	-	-	-	-	
Total Revenues	$	1	$	-	$	17,063	$	-	$	138,697	$	2,079,143	$	2,234,905	

Expenditures:								
Bank Fees	$	750	$	-	$	-	$	-	$	-	$	-	$	750	
Capital Outlay	301	-	17,063	-	380,469	1,661,047	2,058,880	
Cost of Issuance	-	-	-	-	-	-	-	
Capital Outlay						-	-	
Total Expenditures	$	1,051	$	-	$	17,063	$	-	$	380,469	$	1,661,047	$	2,059,630	

Excess (Deficiency) of Rev. over Exp.	$	(1,050)	$	-	$	0	$	-	$	(241,771)	$	418,096	$	175,275	

Net Change in Fund Balance	$	(1,050)	$	-	$	0	$	-	$	(241,771)	$	418,096	$	175,275	
								
Fund Balance - Beginning	$	1,339	$	-	$	9	$	-	$	274,110	$	(343,131)	$	(67,674)	
								
Fund Balance - Ending	$	289	$	-	$	9	$	-	$	32,339	$	74,964	$	107,601	

VillaMar	
Community Development District	
Month to Month	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:														
Special Assessments - Tax Roll	$	-	$	24,316	$  926,520	$	7,560	$	11,908	$	2,699	$	7,534	$	953	$	6,167	$	85	$	-	$	-	$	987,743	
Special Assessments - Direct	-	-	35,922	-	-	-	17,961	-	-	17,961	-	-	71,844	
Interest Income	-	-	-	-	497	1,916	2,036	2,491	2,168	2,118	-	-	11,225	
Miscellaneous Revenue	30	4,108	-	-	30	-	-	-	120	120	-	-	4,408	

Total Revenues	$	30	$  28,424	$ 962,442	$	7,560	$  12,435	$	4,615	$  27,531	$	3,444	$	8,455	$  20,284	$	-	$	-	$ 1,075,220	

Expenditures:														
General & Administrative:														
Supervisor Fees	$	-	$	-	$	1,000	$	-	$	-	$	600	$	-	$	600	$	800	$	-	$	-	$	-	$	3,000	
Engineering	-	-	-	-	-	-	-	-	6,213	-	-	-	6,213	
Attorney	1,048	117	2,009	831	1,110	2,354	555	3,004	3,894	-	-	-	14,920	
Annual Audit	-	-	-	-	-	-	1,000	6,100	-	-	-	-	7,100	
Assessment Administration	10,000	-	-	-	-	-	-	-	-	-	-	-	10,000	
Bond Amortization Filing	3,000	-	-	-	250	-	250	-	-	500	-	-	4,000	
Arbitrage	-	-	-	-	450	450	-	900	-	900	-	-	2,700	
Dissemination	833	833	833	833	833	833	833	833	833	833	-	-	8,333	
Trustee Fees	-	-	4,041	-	4,256	-	7,004	-	-	-	-	-	15,301	
Management Fees	3,719	3,719	3,719	3,719	3,719	3,719	3,719	3,719	3,719	3,719	-	-	37,188	
Information Technology	158	158	158	158	158	158	158	158	158	158	-	-	1,575	
Website Maintenance	105	105	105	105	105	105	105	105	105	105	-	-	1,050	
Postage & Delivery	113	42	93	452	40	203	-	-	-	33	-	-	975	
Insurance General Liability	6,408	-	-	-	-	-	-	-	-	-	-	-	6,408	
Printing & Binding	16	-	-	-	-	67	99	126	80	-	-	-	387	
Legal Advertising	-	-	-	-	-	-	-	1,150	-	-	-	-	1,150	
Other Current Charges	41	41	69	42	44	80	49	45	122	145	-	-	677	
Office Supplies	1	0	0	2	0	0	3	1	4	3	-	-	15	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$	25,617	$	5,015	$  12,025	$	6,140	$  10,966	$	8,568	$  13,774	$  16,740	$  15,926	$	6,396	$	-	$	-	$  121,167	

VillaMar	
Community Development District	
Month to Month	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Operations & Maintenance

Field Expenditures														
Field Management	$	1,875	$	1,875	$	1,875	$	1,875	$	1,875	$	1,875	$	1,875	$	1,875	$	1,875	$	1,875	$	-	$	-	$	18,750	
Security Services	3,071	3,255	3,255	2,486	-	7,763	3,027	3,369	3,706	4,634	-	-	34,566	
Landscape Maintenance	12,415	12,415	12,415	12,415	12,415	12,415	12,415	12,415	16,248	16,248	-	-	131,816	
Landscape Replacement	1,714	-	-	-	700	-	-	-	-	-	-	-	2,414	
Pond Maintenance	1,938	1,938	1,938	1,938	1,938	1,938	1,938	1,938	2,367	2,985	-	-	20,856	
Electric - Streetlights	15,645	17,627	14,956	13,741	13,741	15,192	15,192	15,108	15,123	15,200	-	-	151,523	
Electric	229	220	266	278	320	350	426	304	285	84	-	-	2,761	
Water & Sewer	6,161	2,252	2,296	6,775	1,589	2,154	2,188	1,869	1,869	2,512	-	-	29,664	
Sidewalk & Asphalt Maintenance	-	-	-	-	-	4,284	-	-	-	-	-	-	4,284	
Irrigation Repairs	178	-	-	170	130	2,405	88	-	111	-	-	-	3,081	
General Repairs & Maintenance	972	4,771	3,816	-	2,580	-	600	-	2,568	-	-	-	15,307	
Property Insurance	14133	-	-	-	-		-	-	-	-	-	-	14,133	
Contingency	7,175	-	7,476	2,650	2,450	400	-	3,350	6,006	1,575	-	-	31,082	

Subtotal Field Expenditures	$	65,505	$  44,352	$  48,293	$  42,328	$  37,738	$  48,776	$  37,749	$  40,227	$  50,156	$  45,112	$	-	$	-	$  460,237	

Amenity Expenditures														
Pool Maintenance - Contract	$	3,405	$	2,730	$	3,290	$	2,730	$	6,370	$	2,870	$	2,870	$	2,870	$	3,641	$	2,870	$	-	$	-	$	33,646	
Janitorial Services	2,595	850	1,490	850	850	850	850	850	1,450	1,535	-	-	12,170	
Internet	189	189	189	189	189	210	210	210	210	210	-	-	1,996	
Pest Control	50	50	50	50	50	50	50	50	50	218	-	-	668	
Playground & Furniture Lease	2,475	2,475	2,475	2,475	2,475	2,475	2,475	2,475	2,475	2,475	-	-	24,749	
Amenity - Electric	911	1,500	1,500	1,500	1,000	1,500	1,065	1,239	1,044	1,044	-	-	12,303	
Amenity - Water & Sewer	591	1,271	1,291	1,543	1,077	931	815	1,999	1,349	850	-	-	11,717	
Amenity Access Management	625	625	625	625	625	625	625	625	625	625	-	-	6,250	
Amenity Repairs & Maintenance	477	-	2,355	-	210	1,535	220	811	351	-	-	-	5,959	
Holiday Decorations	-	-	10,000	-	-	-	-	-	-	-	-	-	10,000	
Contingency	4,357	-	-	-	10,149	-	-	9,960	-	-	-	-	24,466	
Subtotal Amenity Expenditures	$	15,675	$	9,690	$  23,264	$	9,962	$  22,995	$  11,047	$	9,180	$  21,090	$  11,194	$	9,827	$	-	$	-	$  143,924	

Total Expenditures	$ 106,797	$  59,057	$  83,582	$  58,430	$  71,699	$  68,391	$  60,704	$  78,057	$  77,276	$  61,335	$	-	$	-	$  725,329	

Total Expenditures & Other Financing Use	$ 106,797	$  59,057	$  83,582	$  58,430	$  71,699	$  68,391	$  60,704	$  78,057	$  77,276	$  61,335	$	-	$	-	$  725,329	

Net Change in Fund Balance	$ (106,767)	$ (30,633)	$ 878,860	$ (50,870)	$ (59,263)	$ (63,776)	$ (33,172)	$ (74,613)	$ (68,822)	$ (41,051)	$	-	$	-	$  349,891	

VillaMar	
Community Development District	
Long Term Debt Report	

SERIES 2019, SPECIAL ASSESSMENT REVENUE BONDS AREA 1	
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

RESERVE FUND DEFI RESERVE FUND REQ RESERVE FUND BAL

BONDS OUTSTANDIN LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: PRINCIPAL PAY LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: PRINCIPAL PAY LESS: SPECIAL CALL LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY	4.875%

NITION	50% M UIREMENT
ANCE

G - 06/25/19
- 08/01/20
- 11/1/20
- 2/1/21
MENT - 5/1/21
- 5/1/21
- 8/1/21
- 11/1/21
MENT - 5/1/22
- 11/1/22
MENT - 5/1/23 MENT - 5/1/24 MENT - 5/1/25	$3,815,000.00

AXIMUM ANNUAL DEBT SERV
$20
$20	May 1, 2050

ICE 1,917
4,610

$7,180,000 ($290,000) ($280,000) ($45,000) ($110,000) ($30,000)
($65,000)
($20,000) ($110,000) ($20,000) ($115,000) ($120,000) ($125,000)	
CURRENT BONDS OUTSTANDING	$5,850,000	

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

RESERVE FUND DEFI RESERVE FUND REQ RESERVE FUND BAL

BONDS OUTSTANDIN LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY	4.000%

NITION	50% M UIREMENT
ANCE

G - 11/24/20 MENT - 5/1/22 MENT - 5/1/23 MENT - 5/1/24 MENT - 5/1/25	$3,260,000.00

AXIMUM ANNUAL DEBT SERV
$18
$18	May 1, 2051

ICE 4,450
4,450

$6,500,000 ($125,000) ($130,000) ($135,000) ($135,000)	
CURRENT BONDS OUTSTANDING	$5,975,000	

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

RESERVE FUND DEFI RESERVE FUND REQ RESERVE FUND BAL

BONDS OUTSTANDIN LESS: PRINCIPAL PAY LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: PRINCIPAL PAY LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: PRINCIPAL PAY	4.00%

NITION	50% M UIREMENT
ANCE

G - 03/18/22 MENT - 11/1/22
- 5/1/23
- 5/1/23
MENT - 11/1/23
- 11/1/23
- 2/1/24
- 5/1/24
- 8/1/24
MENT - 11/1/24	$2,255,000.00

AXIMUM ANNUAL DEBT SERV
$
$	November 1, 2051

ICE 77,500
69,338

$3,040,000 ($100,000) ($50,000)
($85,000)
($60,000) ($190,000) ($80,000) ($135,000) ($55,000)
($50,000)	
CURRENT BONDS OUTSTANDING	$2,235,000	

VillaMar	
Community Development District	
Long Term Debt Report	

SERIES 2022, SPECIAL ASSESSMENT REVENUE BONDS AREA 4	

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

RESERVE FUND DEFI RESERVE FUND REQ RESERVE FUND BAL

BONDS OUTSTANDIN LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY LESS: PRINCIPAL PAY	4.125%

NITION	50% M UIREMENT
ANCE

G - 03/18/22 MENT - 5/1/23 MENT - 5/1/24 MENT - 5/1/25	$2,025,000.00

AXIMUM ANNUAL DEBT SERV
$12
$12	May 1, 2052

ICE 4,913
5,141

$4,295,000 ($80,000)
($80,000)
($85,000)	
CURRENT BONDS OUTSTANDING	$4,050,000	

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

RESERVE FUND DEFI RESERVE FUND REQ RESERVE FUND BAL

BONDS OUTSTANDIN LESS: PRINCIPAL PAY LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: SPECIAL CALL LESS: PRINCIPAL PAY LESS: SPECIAL CALL	5.75%

NITION	MAXIM UIREMENT
ANCE

G - 06/15/23 MENT - 5/1/24
- 8/1/24
- 11/1/24
- 2/1/25
MENT - 5/1/25
- 2/1/25	$4,195,000.00

UM ANNUAL DEBT SERVICE
$55
$26	May 1, 2053

3,728
4,480

$7,940,000 ($110,000) ($80,000) ($140,000) ($50,000) ($110,000) ($80,000)	
CURRENT BONDS OUTSTANDING	$7,370,000	

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

RESERVE FUND DEFI

RESERVE FUND REQ RESERVE FUND BAL

BONDS OUTSTANDIN LESS: PRINCIPAL PAY	5.75%

NITION	LESSER
MAD
125%
10%

UIREMENT ANCE

G - 03/31/24 MENT - 5/1/25	$4,575,000.00

OF:
S
Avg Annual DS of Origina l Issue

$60
$60	May 1, 2054

3,000
3,000

$8,700,000 ($120,000)	
CURRENT BONDS OUTSTANDING	$8,580,000	

VillaMar
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts - Polk County Fiscal Year 2025

Gross Assessments	$	1,058,062	$	434,152	$	396,828	$	149,361	$	268,630	$	578,605	$	2,885,638	
Net Assessments	$	983,998	$	403,761	$	369,050	$	138,905	$	249,826	$	538,103	$	2,683,643	

ON ROLL ASSESSMENTS

37%	15%	14%	5%	9%	20%	100.00%

Date	
Gross Amount	(Discount)/
Penalty	
Commissions	Interest/
(P. Appraiser)	Net Receipts	
O&M Portion	Series 2019
Debt Service	Series 2020 Debt
Service	Series 2022 PH3
Debt Service	Series 2022 PH4
Debt Service	Series 2023 Debt
Service	Total	

11/12/24	
$	5,350	
$	250	
$	102	
$	-	$	4,998	
$	1,809	
$	758	
$	693	
$	261	
$	469	
$	1,010  $	4,999	
11/15/24	9,829	393	189	-	9,247	3,560	1,351	1,235	465	836	1,801	9,247	
11/19/24	26,504	1,032	509	-	24,962	9,676	3,631	3,319	1,249	2,247	4,840	24,962	
11/26/24	55,061	2,202	1,057	-	51,801	19,937	7,570	6,919	2,604	4,684	10,088	51,801	
11/30/24	-	-	-	(28,856)	(28,856)	(10,581)	(4,341)	(3,968)	(1,494)	(2,686)	(5,786)	(28,856)	
12/06/25	819,721	32,762	15,739	-	771,220	282,920	115,999	106,026	39,907	71,774	154,594	771,220	
12/20/25	1,507,540	60,463	28,942	-	1,418,135	520,500	213,239	194,907	73,360	131,941	284,189	1,418,135	
12/27/25	362,240	14,081	6,963	-	341,196	123,100	51,810	47,356	17,824	32,057	69,048	341,196	
01/10/25	22,047	661	428	-	20,958	7,560	3,183	2,909	1,095	1,969	4,242	20,958	
02/03/25	-	-	-	4,084	4,084	1,497	614	562	211	380	819	4,084	
02/10/25	28,880	565	566	-	27,749	10,411	4,119	3,765	1,417	2,549	5,489	27,749	
03/07/25	7,688	63	153	-	7,473	2,699	1,134	1,037	390	702	1,511	7,473	
04/11/25	21,185	-	424	-	20,761	7,440	3,165	2,892	1,089	1,958	4,217	20,761	
04/30/25	-	-	-	94	94	94	-	-	-	-	-	94	
05/11/25	2,687	-	54	-	2,633	953	399	365	137	247	532	2,633	
06/13/25	6,450	-	129	-	6,321	2,292	957	875	329	592	1,276	6,321	
06/24/25	11,158	-	223	-	10,935	3,875	1,677	1,533	577	1,038	2,235	10,935	
TOTAL	$	2,886,339	$	112,473	$	55,477	$	(24,678) $	2,693,711	$	987,743	$	405,264	$	370,423	$	139,422	$	250,755	$	540,105 $	2,693,711	

100%
0

Net Percent Collected
Balance Remaining to Collect

Section XV

CLOSED SECURITY DISCUSSION