Highland Meadows West
Community Development District

Adopted Budget
FY2023

6M3

Table of Contents

1-2	General Fund	

3-6	

General Fund Narrative	

7	

Series 2019 Debt Service Fund	

8-9	

Series 2019 Amortization Schedule	

10	

Series 2020 A2 Debt Service Fund	

11-12	

Series 2020 A2 Amortization Schedule	

13	

Series 2020 A3 Debt Service Fund	

14-15	

Series 2020 A3 Amortization Schedule	

16	

Capital Reserve Fund	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023	

Revenues

Assessments - Tax Roll	$	366,228	$	365,768	$	460	$	366,228	$	434,731	
Other Revenue	$	-	$	240	$	-	$	240	$	-	
Total Revenues	$	366,228	$	366,008	$	460	$	366,468	$	434,731	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	3,200	
$	3,000	
$	6,200	
$	12,000	
Engineering	$	20,000	$	1,080	$	5,000	$	6,080	$	15,000	
District Counsel	$	20,000	$	3,962	$	5,000	$	8,962	$	18,961	
Annual Audit	$	6,000	$	5,500	$	-	$	5,500	$	6,100	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,000	
Arbitrage	$	900	$	900	$	-	$	900	$	900	
Dissemination	$	10,000	$	7,500	$	2,500	$	10,000	$	6,000	
Trustee Fees	$	7,147	$	10,438	$	-	$	10,438	$	10,438	
Management Fees	$	36,050	$	27,038	$	9,013	$	36,050	$	37,853	
Information Technology	$	1,800	$	1,350	$	450	$	1,800	$	1,800	
Website Maintenance	$	1,200	$	900	$	300	$	1,200	$	1,200	
Postage & Delivery	$	500	$	-	$	125	$	125	$	950	
Office Supplies	$	1,000	$	811	$	250	$	1,061	$	1,000	
Telephone	$	250	$	12	$	-	$	12	$	-	
Copies	$	1,000	$	24	$	250	$	274	$	500	
Insurance	$	5,700	$	5,570	$	-	$	5,570	$	6,684	
Legal Advertising	$	10,000	$	1,294	$	2,500	$	3,794	$	2,500	
Other Current Charges	$	2,500	$	347	$	625	$	972	$	972	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Subtotal Administrative	$	141,222	$	75,100	$	29,012	$	104,113	$	128,033	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023	

Operations & Maintenance						
Property Insurance	$	6,000	$	1,838	$	-	$	1,838	$	2,206	
Field Management	$	7,500	$	5,625	$	1,875	$	7,500	$	7,875	
Interlocal Amenity Agreement	$	77,147	$	77,147	$	-	$	77,147	$	92,626	
Playground Lease	$	30,000	$	22,300	$	7,433	$	29,733	$	30,000	
Landscape Maintenance	$	51,334	$	38,508	$	12,836	$	51,344	$	53,911	
Landscape Replacement	$	7,500	$	-	$	7,500	$	7,500	$	18,000	
Streetlights	$	18,000	$	12,957	$	4,500	$	17,457	$	19,800	
Electric	$	3,600	$	3,113	$	1,035	$	4,148	$	5,280	
Water & Sewer	$	1,000	$	-	$	1,000	$	1,000	$	1,000	
Sidewalk & Asphalt Maintenace	$	-	$	-	$	-	$	-	$	2,500	
Irrigation Repairs	$	3,500	$	797	$	875	$	1,672	$	6,000	
General Repairs & Maintenance	$	9,000	$	5,393	$	2,250	$	7,643	$	10,000	
Contingency	$	5,425	$	166	$	1,356	$	1,522	$	7,500	
Subtotal Operations & Maintenance	$	220,006	$	167,844	$	40,661	$	208,505	$	256,698	

Other Expenses						
Capital Reserves	$	5,000	$	-	$	5,000	$	5,000	$	50,000	
Total Other Expenses	$	5,000	$	-	$	5,000	$	5,000	$	50,000	
						
Total Expenditures	$	366,228	$	242,944	$	74,673	$	317,617	$	434,731	
						
Excess Revenues/(Expenditures)	$	-	$	123,064	$	(74,213)	$	48,851	$	-	

Net Assessments	
$434,731	
Add: Discounts & Collections 7%		$32,722 	
Gross Assessments		$467,453 	
Assessable Units	442	
Per Unit Gross Assessment		$1,057.59 	

Revenues:

Assessments

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

Expenditures:

General & Administrative:

Supervisor Fees

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

Engineering

The District's engineer, Dewberry Engineering, 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.

District Counsel

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

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District is currently contracted with Carr, Riggs & Ingram, LLC for these services.

Assessment Administration

The District has contracted with Governmental Management Services-Central Florida, LLC, to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2019, Series 2020 A2 & Series 2020 A3 bonds.

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 is based upon the Series 2019, Series 2020 A2 and Series 2020 A3 bonds. Governmental Management Services-Central Florida, LLC, provides these services.

Trustee Fees

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

Management Fees

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

Information Technology

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

Website Maintenance

Represents the costs 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.
Governmental Management Services-Central Florida, LLC, provides these services.

Telephone

Telephone and fax machine.

Postage & Delivery

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

Office Supplies

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

Printing & Binding

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

Insurance

The District’s general liability and public official’s liability insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Dues, Licenses & Subscriptions

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

Operations & Maintenance:

Property Insurance

The District’s property insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

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.

Interlocal Amenity Agreement

The District has entered into an Interlocal Agreement with Davenport Road South Community Development District (CDD) for the use of their amenity facilities. This cost is based on 52% of the overall amenity budget of Davenport Road South CDD.

Playground Lease

The District has entered into a leasing agreement for playgrounds installed in the community with Navitas.

Landscape Maintenance

Represents the 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.

Description	Monthly	Annually	
Maintenance

Total	$4,278.67	$51,344	
		$51,344	

Landscape Replacement

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

Streetlights

Represents the cost to maintain streetlights currently in place within the District Boundaries.

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.

Irrigation Repairs

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

General Repairs & Maintenance

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

Contingency

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

Adopted Budget
Series 2019 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023	

Revenues						
Assessments	$	322,524	$	322,117	$	407	$	322,524	$	322,524	
Interest Income	$	-	$	107	$	-	$	107	$	-	
Carry Forward Surplus	$	216,005	$	216,010	$	-	$	216,010	$	222,303	
Total Revenues	$	538,529	$	538,234	$	407	$	538,641	$	544,827	

Expenses						
Interest - 11/1	$	116,519	$	116,519	$	-	$	116,519	$	114,819	
Principal - 11/1	$	85,000	$	85,000	$	-	$	85,000	$	90,000	
Interest - 5/1	$	114,819	$	114,819	$	-	$	114,819	$	113,019	
Total Expenditures	$	316,338	$	316,338	$	-	$	316,338	$	317,838	
						
Excess Revenues/(Expenditures)	$	222,191	$	221,897	$	407	$	222,303	$	226,990	

Interest Expense 11/1/23	
$	113,019	
Principal Expense 11/1/23	$	90,000	
Total	$	203,019	

Series 2019 Special Assessment Bonds Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

11/01/22	$	4,780,000.00	$	90	
05/01/23	$	4,690,000.00	$	
11/01/23	$	4,690,000.00	$	90	
05/01/24	$	4,600,000.00	$	
11/01/24	$	4,600,000.00	$	95	
05/01/25	$	4,505,000.00	$	
11/01/25	$	4,505,000.00	$	100	
05/01/26	$	4,405,000.00	$	
11/01/26	$	4,405,000.00	$	105	
05/01/27	$	4,300,000.00	$	
11/01/27	$	4,300,000.00	$	110	
05/01/28	$	4,190,000.00	$	
11/01/28	$	4,190,000.00	$	110	
05/01/29	$	4,080,000.00	$	
11/01/29	$	4,080,000.00	$	115	
05/01/30	$	3,965,000.00	$	
11/01/30	$	3,965,000.00	$	120	
05/01/31	$	3,845,000.00	$	
11/01/31	$	3,845,000.00	$	125	
05/01/32	$	3,720,000.00	$	
11/01/32	$	3,720,000.00	$	135	
05/01/33	$	3,585,000.00	$	
11/01/33	$	3,585,000.00	$	140	
05/01/34	$	3,445,000.00	$	
11/01/34	$	3,445,000.00	$	145	
05/01/35	$	3,300,000.00	$	
11/01/35	$	3,300,000.00	$	155	
05/01/36	$	3,145,000.00	$	
11/01/36	$	3,145,000.00	$	160	
05/01/37	$	2,985,000.00	$	
11/01/37	$	2,985,000.00	$	170	
05/01/38	$	2,815,000.00	$	
11/01/38	$	2,815,000.00	$	175	
05/01/39	$	2,640,000.00	$	
11/01/39	$	2,640,000.00	$	185	
05/01/40	$	2,455,000.00	$	
11/01/40	$	2,455,000.00	$	195	
05/01/41	$	2,260,000.00	$	
11/01/41	$	2,260,000.00	$	205	
05/01/42	$	2,055,000.00	$	
11/01/42	$	2,055,000.00	$	215	
05/01/43	$	1,840,000.00	$	
11/01/43	$	1,840,000.00	$	225	
05/01/44	$	1,615,000.00	$	
11/01/44	$	1,615,000.00	$	235	
05/01/45	$	1,380,000.00	$	
11/01/45	$	1,380,000.00	$	250	
05/01/46	$	1,130,000.00	$	
11/01/46	$	1,130,000.00	$	260	
05/01/47	$	870,000.00	$	
11/01/47	$	870,000.00	$	275	

$	114,818.75	$	319,637.50	
$	113,018.75		
$	113,018.75	$	316,037.50	
$	111,218.75		
$	111,218.75	$	317,437.50	
$	109,318.75		
$	109,318.75	$	318,637.50	
$	107,256.25		
$	107,256.25	$	319,512.50	
$	105,090.63		
$	105,090.63	$	320,181.25	
$	102,821.88		
$	102,821.88	$	315,643.75	
$	100,553.13		
$	100,553.13	$	316,106.25	
$	98,181.25		
$	98,181.25	$	316,362.50	
$	95,256.25		
$	95,256.25	$	315,512.50	
$	92,209.38		
$	92,209.38	$	319,418.75	
$	88,918.75		
$	88,918.75	$	317,837.50	
$	85,506.25		
$	85,506.25	$	316,012.50	
$	81,971.88		
$	81,971.88	$	318,943.75	
$	78,193.75		
$	78,193.75	$	316,387.50	
$	74,293.75		
$	74,293.75	$	318,587.50	
$	70,150.00		
$	70,150.00	$	315,300.00	
$	65,884.38		
$	65,884.38	$	316,768.75	
$	61,375.00		
$	61,375.00	$	317,750.00	
$	56,500.00		
$	56,500.00	$	318,000.00	
$	51,375.00		
$	51,375.00	$	317,750.00	
$	46,000.00		
$	46,000.00	$	317,000.00	
$	40,375.00		
$	40,375.00	$	315,750.00	
$	34,500.00		
$	34,500.00	$	319,000.00	
$	28,250.00		
$	28,250.00	$	316,500.00	
$	21,750.00		
$	21,750.00	$	318,500.00	

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

	Series	2019 Special Assessment Amortization Schedule	Bonds		
Date		Balance	Prinicpal	Interest	Total	

05/01/48	
$	
595,000.00	
$	-	
$	14,875.00		
11/01/48	$	595,000.00	$	290,000.00	$	14,875.00	$	319,750.00	
05/01/49	$	305,000.00	$	-	$	7,625.00		
11/01/49	$	305,000.00	$	305,000.00	$	7,625.00	$	320,250.00	
			$	4,780,000.00	$	3,999,756.25	$	8,894,575.00	

Highland Meadows West Community Development District Adopted Budget
Series 2020 A2 Debt Service Fund

Description

Adopted
Budget FY2022

Actual
Thru 6/30/22

Projected Next
3 Months

Projected
Thru 9/30/22

Adopted
Budget FY2023

Revenues

Assessments Interest Income
Carry Forward Surplus

$	157,625	$
$	-	$
$	57,730	$

157,426	$
41	$
136,461	$

199	$
$
$

157,625	$
41	$
136,461	$

157,625
60,499

Total Revenues

$	215,355	$	293,928	$

199	$	294,127	$	218,123

Expenses

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

$	49,950	$
$	55,000	$
$	49,950	$

49,950	$
55,000	$
49,950	$

-	$	49,950	$
-	$	55,000	$
-	$	49,950	$

49,159
60,000
49,159

Total Expenditures

$	154,900	$	154,900	$

-

$	154,900	$	158,319

Other Financing Sources

Transfer In/(Out)

$	-	$

(78,728)  $

-	$	(78,728)  $	-

Total Other Financing Sources (Uses)

$

-

.
$	(78,728)  $

-

$	(78,728)  $

-

Excess Revenues/(Expenditures)

$

60,455	$

60,300	$

199	$

60,499	$

59,805

Interest Expense 11/1/23
Total

$	48,297

$	48,297

11/01/22	$	2,660,000.00	$	
05/01/23	$	2,660,000.00	$	60	
11/01/23	$	2,600,000.00	$	
05/01/24	$	2,600,000.00	$	60	
11/01/24	$	2,540,000.00	$	
05/01/25	$	2,540,000.00	$	60	
11/01/25	$	2,480,000.00	$	
05/01/26	$	2,480,000.00	$	65	
11/01/26	$	2,415,000.00	$	
05/01/27	$	2,415,000.00	$	65	
11/01/27	$	2,350,000.00	$	
05/01/28	$	2,350,000.00	$	65	
11/01/28	$	2,285,000.00	$	
05/01/29	$	2,285,000.00	$	70	
11/01/29	$	2,215,000.00	$	
05/01/30	$	2,215,000.00	$	70	
11/01/30	$	2,145,000.00	$	
05/01/31	$	2,145,000.00	$	75	
11/01/31	$	2,070,000.00	$	
05/01/32	$	2,070,000.00	$	75	
11/01/32	$	1,995,000.00	$	
05/01/33	$	1,995,000.00	$	80	
11/01/33	$	1,915,000.00	$	
05/01/34	$	1,915,000.00	$	80	
11/01/34	$	1,835,000.00	$	
05/01/35	$	1,835,000.00	$	85	
11/01/35	$	1,750,000.00	$	
05/01/36	$	1,750,000.00	$	90	
11/01/36	$	1,660,000.00	$	
05/01/37	$	1,660,000.00	$	90	
11/01/37	$	1,570,000.00	$	
05/01/38	$	1,570,000.00	$	95	
11/01/38	$	1,475,000.00	$	
05/01/39	$	1,475,000.00	$	100	
11/01/39	$	1,375,000.00	$	
05/01/40	$	1,375,000.00	$	100	
11/01/40	$	1,275,000.00	$	
05/01/41	$	1,275,000.00	$	105	
11/01/41	$	1,170,000.00	$	
05/01/42	$	1,170,000.00	$	110	
11/01/42	$	1,060,000.00	$	
05/01/43	$	1,060,000.00	$	115	
11/01/43	$	945,000.00	$	
05/01/44	$	945,000.00	$	120	
11/01/44	$	825,000.00	$	
05/01/45	$	825,000.00	$	125	
11/01/45	$	700,000.00	$	
05/01/46	$	700,000.00	$	130	
11/01/46	$	570,000.00	$	

$	49,159.38	$	154,109.38	
$	49,159.38		
$	48,296.88	$	157,456.25	
$	48,296.88		
$	47,434.38	$	155,731.25	
$	47,434.38		
$	46,571.88	$	154,006.25	
$	46,571.88		
$	45,515.63	$	157,087.50	
$	45,515.63		
$	44,459.38	$	154,975.00	
$	44,459.38		
$	43,403.13	$	152,862.50	
$	43,403.13		
$	42,265.63	$	155,668.75	
$	42,265.63		
$	41,128.13	$	153,393.75	
$	41,128.13		
$	39,909.38	$	156,037.50	
$	39,909.38		
$	38,550.00	$	153,459.38	
$	38,550.00		
$	37,100.00	$	155,650.00	
$	37,100.00		
$	35,650.00	$	152,750.00	
$	35,650.00		
$	34,109.38	$	154,759.38	
$	34,109.38		
$	32,478.13	$	156,587.50	
$	32,478.13		
$	30,846.88	$	153,325.00	
$	30,846.88		
$	29,125.00	$	154,971.88	
$	29,125.00		
$	27,312.50	$	156,437.50	
$	27,312.50		
$	25,500.00	$	152,812.50	
$	25,500.00		
$	23,400.00	$	153,900.00	
$	23,400.00		
$	21,200.00	$	154,600.00	
$	21,200.00		
$	18,900.00	$	155,100.00	
$	18,900.00		
$	16,500.00	$	155,400.00	
$	16,500.00		
$	14,000.00	$	155,500.00	
$	14,000.00		
$	11,400.00	$	155,400.00	

Date	Balance	Prinicpal	Interest	Total

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

Date		Balance	Prinicpal	Interest	Total	

05/01/47	
$	
570,000.00	
$	135,000.00	
$	11,400.00		
11/01/47	$	435,000.00	$	-	$	8,700.00	$	155,100.00	
05/01/48	$	435,000.00	$	140,000.00	$	8,700.00		
11/01/48	$	295,000.00	$	-	$	5,900.00	$	154,600.00	
05/01/49	$	295,000.00	$	145,000.00	$	5,900.00		
11/01/49	$	150,000.00	$	-	$	3,000.00	$	153,900.00	
05/01/50	$	150,000.00	$	150,000.00	$	3,000.00	$	153,000.00	
			$	2,660,000.00	$	1,723,631.25	$	4,488,581.25	

Adopted Budget
Series 2020 A3 Debt Service Fund

Adopted Budget	Actual Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2022	6/30/22	3 Months	9/30/22	FY2023	

Revenues						
Assessments	$	55,775	$	55,705	$	70	$	55,775	$	55,775	
Interest Income	$	-	$	15	$	-	$	15	$	-	
Carry Forward Surplus	$	20,308	$	48,195	$	-	$	48,195	$	21,680	
Total Revenues	$	76,083	$	103,914	$	70	$	103,985	$	77,455	

Expenses						
Interest - 11/1	$	17,209	$	17,209	$	-	$	17,209	$	16,922	
Principal - 5/1	$	20,000	$	20,000	$	-	$	20,000	$	20,000	
Interest - 5/1	$	17,209	$	17,209	$	-	$	17,209	$	16,922	
Total Expenditures	$	54,419	$	54,418	$	-	$	54,418	$	53,844	

Other Financing Sources						
Transfer In/(Out)	$	-	$	(27,886)	$	-	$	(27,886)	$	-	
Total Other Financing Sources (Uses)	$	-	$	(27,886)	$	-	$	(27,886)	$	-	
						
Excess Revenues/(Expenditures)	$	21,664	$	21,610	$	70	$	21,680	$	23,611	

Interest Expense 11/1/23
Total

$	16,634

$	16,634

Series 2020 A3 Special Assessment Bonds Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

11/01/22	$	915,000.00	$	
05/01/23	$	915,000.00	$	20	
11/01/23	$	895,000.00	$	
05/01/24	$	895,000.00	$	20	
11/01/24	$	875,000.00	$	
05/01/25	$	875,000.00	$	20	
11/01/25	$	855,000.00	$	
05/01/26	$	855,000.00	$	20	
11/01/26	$	835,000.00	$	
05/01/27	$	835,000.00	$	20	
11/01/27	$	815,000.00	$	
05/01/28	$	815,000.00	$	25	
11/01/28	$	790,000.00	$	
05/01/29	$	790,000.00	$	25	
11/01/29	$	765,000.00	$	
05/01/30	$	765,000.00	$	25	
11/01/30	$	740,000.00	$	
05/01/31	$	740,000.00	$	25	
11/01/31	$	715,000.00	$	
05/01/32	$	715,000.00	$	25	
11/01/32	$	690,000.00	$	
05/01/33	$	690,000.00	$	25	
11/01/33	$	665,000.00	$	
05/01/34	$	665,000.00	$	30	
11/01/34	$	635,000.00	$	
05/01/35	$	635,000.00	$	30	
11/01/35	$	605,000.00	$	
05/01/36	$	605,000.00	$	30	
11/01/36	$	575,000.00	$	
05/01/37	$	575,000.00	$	30	
11/01/37	$	545,000.00	$	
05/01/38	$	545,000.00	$	35	
11/01/38	$	510,000.00	$	
05/01/39	$	510,000.00	$	35	
11/01/39	$	475,000.00	$	
05/01/40	$	475,000.00	$	35	
11/01/40	$	440,000.00	$	
05/01/41	$	440,000.00	$	35	
11/01/41	$	405,000.00	$	
05/01/42	$	405,000.00	$	40	
11/01/42	$	365,000.00	$	
05/01/43	$	365,000.00	$	40	
11/01/43	$	325,000.00	$	
05/01/44	$	325,000.00	$	40	
11/01/44	$	285,000.00	$	
05/01/45	$	285,000.00	$	45	
11/01/45	$	240,000.00	$	
05/01/46	$	240,000.00	$	45	
11/01/46	$	195,000.00	$	

$	16,921.88	$	54,131.25	
$	16,921.88			
$	16,634.38	$	53,556.25	
$	16,634.38			
$	16,346.88	$	52,981.25	
$	16,346.88			
$	16,059.38	$	52,406.25	
$	16,059.38			
$	15,734.38	$	51,793.75	
$	15,734.38			
$	15,409.38	$	51,143.75	
$	15,409.38			
$	15,003.13	$	55,412.50	
$	15,003.13			
$	14,596.88	$	54,600.00	
$	14,596.88			
$	14,190.63	$	53,787.50	
$	14,190.63			
$	13,784.38	$	52,975.00	
$	13,784.38			
$	13,331.25	$	52,115.63	
$	13,331.25			
$	12,878.13	$	51,209.38	
$	12,878.13			
$	12,334.38	$	55,212.50	
$	12,334.38			
$	11,790.63	$	54,125.00	
$	11,790.63			
$	11,246.88	$	53,037.50	
$	11,246.88			
$	10,703.13	$	51,950.00	
$	10,703.13			
$	10,068.75	$	55,771.88	
$	10,068.75			
$	9,434.38	$	54,503.13	
$	9,434.38			
$	8,800.00	$	53,234.38	
$	8,800.00			
$	8,100.00	$	51,900.00	
$	8,100.00			
$	7,300.00	$	55,400.00	
$	7,300.00			
$	6,500.00	$	53,800.00	
$	6,500.00			
$	5,700.00	$	52,200.00	
$	5,700.00			
$	4,800.00	$	55,500.00	
$	4,800.00			
$	3,900.00	$	53,700.00	

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

Series 2020 A3 Special Assessment Bonds Amortization Schedule

Date		Balance	Prinicpal	Interest		Total	

05/01/47	
$	
195,000.00	
$	45,000.00	
$	3,900.00			
11/01/47	$	150,000.00	$	-	$	3,000.00	$	51,900.00	
05/01/48	$	150,000.00	$	50,000.00	$	3,000.00			
11/01/48	$	100,000.00	$	-	$	2,000.00	$	55,000.00	
05/01/49	$	100,000.00	$	50,000.00	$	2,000.00			
11/01/49	$	50,000.00	$	-	$	1,000.00	$	53,000.00	
05/01/50	$	50,000.00	$	50,000.00	$	1,000.00	$	51,000.00	
			$	915,000.00	$	595,137.50	$	1,547,346.88	

Highland Meadows West Community Development District Adopted Budget
Capital Reserve Fund

Adopted Budget
FY2022

Actuals Thru
6/30/22

Projected Next
3 Months

Total Thru
9/30/22

Adopted Budget
FY2023

Revenues

Interest
Carry Forward Surplus

$	-	$
$	-	$

-	$	-	$
-	$	-	$

-	$	-
-	$	5,000

Total Revenues	$	-	$	-	$	-	$	-	$	5,000

Expenditures

Capital Outlay Bollard Lights

$	-	$
$	-	$

-	$	-	$
-	$	-	$

-	$	-
-	$	10,000

Total Expenditures	$	-	$	-	$	-	$	-	$	10,000

Other Financing Sources/(Uses)

Transfer In/(Out)	$	5,000	$	-	$	5,000	$	5,000	$	50,000	
Total Other Financing Sources/(Uses)	$	5,000	$	-	$	5,000	$	5,000	$	50,000	
					
Excess Revenues/(Expenditures)	$	5,000	$	-	$	5,000	$	5,000	$	45,000