Highland Meadows West
Community Development District

Proposed Budget
FY2027

Table of Contents

1-2	General Fund	

3-7	

General Fund Narrative	

8	

Series 2019 Debt Service Fund	

9-10	

Series 2019 Amortization Schedule	

11	

Series 2020 A2 Debt Service Fund	

12-13	

Series 2020 A2 Amortization Schedule	

14	

Series 2020 A3 Debt Service Fund	

15-16	

Series 2020 A3 Amortization Schedule	

17	

Capital Reserve Fund	

	Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY2027	

Revenues						
Assessments - Tax Roll	$	588,462	$	579,375	$	9,087	$	588,462	$	588,462	
Interest Income	$	4,768	$	6,264	$	8,770	$	15,034	$	7,517	
Total Revenues	$	593,229	$	585,639	$	17,856	$	603,495	$	595,979	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	1,600	
$	7,000	
$	8,600	
$	12,000	
Employer FICA Expense	$	918	$	122	$	536	$	658	$	918	
Engineering	$	15,000	$	725	$	8,750	$	9,475	$	13,000	
District Counsel	$	18,961	$	2,490	$	11,061	$	13,551	$	18,961	
Annual Audit	$	3,100	$	-	$	3,100	$	3,100	$	3,150	
Assessment Administration	$	5,408	$	5,408	$	-	$	5,408	$	5,408	
Arbitrage	$	900	$	450	$	450	$	900	$	900	
Dissemination	$	6,489	$	2,704	$	3,785	$	6,489	$	6,813	
Trustee Fees	$	11,141	$	4,840	$	6,302	$	11,141	$	11,141	
Management Fees	$	46,350	$	19,313	$	27,038	$	46,350	$	48,668	
Information Technology	$	1,947	$	811	$	1,136	$	1,947	$	2,044	
Website Maintenance	$	1,298	$	541	$	757	$	1,298	$	1,363	
Postage & Delivery	$	970	$	429	$	566	$	995	$	970	
Office Supplies	$	500	$	1	$	292	$	293	$	500	
Copies	$	500	$	44	$	292	$	336	$	500	
Insurance	$	7,626	$	7,029	$	-	$	7,029	$	7,732	
Legal Advertising	$	2,500	$	1,310	$	1,190	$	2,500	$	2,500	
Other Current Charges	$	972	$	104	$	315	$	419	$	972	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Subtotal Administrative	$	136,754	$	48,096	$	72,568	$	120,663	$	137,715	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY2027	

Operations & Maintenance						
Property Insurance	$	7,907	$	4,878	$	-	$	4,878	$	4,634	
Field Management	$	10,300	$	4,292	$	6,008	$	10,300	$	10,815	
Interlocal Amenity Agreement	$	104,336	$	104,336	$	-	$	104,336	$	102,301	
Landscape Maintenance	$	57,938	$	24,039	$	33,866	$	57,905	$	64,416	
Landscape Replacement	$	18,000	$	12,665	$	5,335	$	18,000	$	18,000	
Right of Way Tree Inspections	$	10,625	$	4,427	$	6,198	$	10,625	$	11,156	
Right of Way Tree Replacements	$	133,000	$	-	$	77,583	$	77,583	$	133,000	
Streetlights	$	22,869	$	7,815	$	11,200	$	19,015	$	22,869	
Electric	$	7,928	$	3,449	$	4,900	$	8,349	$	9,500	
Water & Sewer	$	5,940	$	1,087	$	2,450	$	3,537	$	5,940	
Sidewalk & Asphalt Maintenace	$	2,500	$	-	$	1,458	$	1,458	$	2,500	
Irrigation Repairs	$	6,000	$	796	$	2,100	$	2,896	$	6,000	
General Repairs & Maintenance	$	18,000	$	3,486	$	14,514	$	18,000	$	18,000	
Janitorial	$	3,600	$	1,130	$	2,240	$	3,370	$	4,200	
Pest Control	$	-	$	-	$	-	$	-	$	1,600	
Holiday Decorations	$	6,500	$	6,500	$	-	$	6,500	$	6,500	
Reserve Study	$	-	$	-	$	-	$	-	$	6,500	
Contingency	$	7,500	$	5	$	7,495	$	7,500	$	7,500	
Subtotal Operations & Maintenance	$	422,942	$	178,905	$	175,348	$	354,253	$	435,431	

Other Expenditures						
Capital Reserves	$	33,533	$	-	$	33,533	$	33,533	$	22,832	
Total Other Expenditures	$	33,533	$	-	$	33,533	$	33,533	$	22,832	
						
Total Expenditures	$	593,229	$	227,000	$	281,449	$	508,449	$	595,979	
						
Excess Revenues/(Expenditures)	$	-	$	358,639	$	(263,593)	$	95,046	$	-	

Net Assessments	
$588,462	
Add: Discounts & Collections 7%		$44,293 	
Gross Assessments		$632,755 	
Assessable Units	442	
Per Unit Gross Assessment		$1,431.57 	
Prior Year Per Unit Gross Assessment		$1,431.57 	
Increase (Decrease)	$0.00	
		
% Increase	0.00%	

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District 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
$12,000 per year paid to each Supervisor for the time devoted to District business and meetings.

Employer FICA Expense

Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors compensation.
Engineering

The District's engineer, Dewberry Engineering, provides 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, Kilinski Van Wyk, PLLC, provides 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 DiBartolomeo, McBee, Hartley & Barnes, P.A. 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

Represents cost incurred by the District for trustee related expenses.

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 various cost 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. 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.

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.

Copies

Printing agenda materials 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 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.

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 Amount	Annual Amount	

Landscape Maintenance	
$	5,368	
$ 64,416	

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District. The District has contracted with Prince & Sons, Inc. to provide these services.

Right of Way Tree Inspections

Represents cost associated with inspections of vegetated verge abutting residential lots in cases where property owners are failing to maintain trees in accordance with Haines City landscape ordinances. Field staff will inspect the area, photograph/document lack of maintenance, report to HOA for enforcement of recorded declarations, coordinate inspections with Haines City code compliance staff, coordinate communication with property owners, and coordinate with landscape service providers.

Right of Way Tree Replacements

Represents cost associated with tree replacements within the vegetated verge abutting residential homes in cases where residential property owners have not complied with Haines City landscape ordinances.

Streetlights

Represents services from Duke Energy and the cost to maintain streetlights currently in place within the District Boundaries.

Electric

Represents services from Duke Energy that provide 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 provided by City of Haines City.

Sidewalk & Asphalt Maintenance

Represents cost to repair and maintain sidewalk, which includes asphalt cost.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells. This service is provided by Prince and Sons.

General Repairs & Maintenance

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

Janitorial Services

Represents estimated costs to provide janitorial services and supplies for the District’s field facilities. Services are provided by Clean Star Services of Central Florida.

Description	Monthly Amount	Annual Amount	

Mail Trash Collection	
$	200	
$	2,400	
Dog Park Trash Collection	$	100	$	1,200	
Dog Bag Roll Replacements	$	50	$	600	
Total	$	350	$	4,200	

Holiday Decorations

The District will incur costs to related to the decoration of common areas during the Holidays.

Reserve Study

Represents the estimated cost to conduct a reserve study to evaluate the condition and useful life of the District’s capital assets and to assist in planning for future repair and replacement funding needs.

Contingency

Represents funds allocated for unforeseen amenity-related expenses during the fiscal year.

Other Expenditures

Capital Reserve

Estimated funds to be transferred to the Capital Reserve funds for any capital outlay expenses.

Proposed Budget
Series 2019 Debt Service Fund

Description	Adopted Budget FY2026	Actual Thru 2/28/26	Projected Next
7 Months	Projected Thru 9/30/26	Proposed Budget FY2027	

Revenues						
Assessments	$	322,524	$	317,544	$	4,980	$	322,524	$	322,524	
Interest Income	$	8,056	$	5,721	$	3,337	$	9,058	$	4,529	
Carry Forward Surplus	$	298,981	$	301,750	$	-	$	301,750	$	316,757	
Total Revenues	$	629,561	$	625,015	$	8,317	$	633,332	$	643,811	

Expenditures						
Interest - 11/1	$	109,319	$	109,319	$	-	$	109,319	$	107,256	
Principal - 11/1	$	100,000	$	100,000	$	-	$	100,000	$	105,000	
Interest - 5/1	$	107,256	$	-	$	107,256	$	107,256	$	105,091	
Total Expenditures	$	316,575	$	209,319	$	107,256	$	316,575	$	317,347	
						
Excess Revenues/(Expenditures)	$	312,986	$	415,697	$	(98,939)	$	316,757	$	326,464	

Interest Expense 11/1/27	
$	105,091	
Principal Expense 11/1/27	$	110,000	
Total	$	215,091	

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	266	$	322,524	$	1,212	$	1,304	
	266	$	322,524			

Series 2019 Special Assessment Bonds Amortization Schedule

Date		Balance		Prinicpal		Interest		Total	

11/01/26	
$	
4,405,000.00	
$	
105,000.00	
$	
107,256.25	
$	
319,512.50	
05/01/27	$	4,300,000.00	$	-	$	105,090.63			
11/01/27	$	4,300,000.00	$	110,000.00	$	105,090.63	$	320,181.25	
05/01/28	$	4,190,000.00	$	-	$	102,821.88			
11/01/28	$	4,190,000.00	$	110,000.00	$	102,821.88	$	315,643.75	
05/01/29	$	4,080,000.00	$	-	$	100,553.13			
11/01/29	$	4,080,000.00	$	115,000.00	$	100,553.13	$	316,106.25	
05/01/30	$	3,965,000.00	$	-	$	98,181.25			
11/01/30	$	3,965,000.00	$	120,000.00	$	98,181.25	$	316,362.50	
05/01/31	$	3,845,000.00	$	-	$	95,256.25			
11/01/31	$	3,845,000.00	$	125,000.00	$	95,256.25	$	315,512.50	
05/01/32	$	3,720,000.00	$	-	$	92,209.38			
11/01/32	$	3,720,000.00	$	135,000.00	$	92,209.38	$	319,418.75	
05/01/33	$	3,585,000.00	$	-	$	88,918.75			
11/01/33	$	3,585,000.00	$	140,000.00	$	88,918.75	$	317,837.50	
05/01/34	$	3,445,000.00	$	-	$	85,506.25			
11/01/34	$	3,445,000.00	$	145,000.00	$	85,506.25	$	316,012.50	
05/01/35	$	3,300,000.00	$	-	$	81,971.88			
11/01/35	$	3,300,000.00	$	155,000.00	$	81,971.88	$	318,943.75	
05/01/36	$	3,145,000.00	$	-	$	78,193.75			
11/01/36	$	3,145,000.00	$	160,000.00	$	78,193.75	$	316,387.50	

05/01/37	$	2,985,000.00	$	-	$	74,293.75			
11/01/37	$	2,985,000.00	$	170,000.00	$	74,293.75	$	318,587.50	
05/01/38	$	2,815,000.00	$	-	$	70,150.00			
11/01/38	$	2,815,000.00	$	175,000.00	$	70,150.00	$	315,300.00	
05/01/39	$	2,640,000.00	$	-	$	65,884.38			
11/01/39	$	2,640,000.00	$	185,000.00	$	65,884.38	$	316,768.75	
05/01/40	$	2,455,000.00	$	-	$	61,375.00			
11/01/40	$	2,455,000.00	$	195,000.00	$	61,375.00	$	317,750.00	
05/01/41	$	2,260,000.00	$	-	$	56,500.00			
11/01/41	$	2,260,000.00	$	205,000.00	$	56,500.00	$	318,000.00	
05/01/42	$	2,055,000.00	$	-	$	51,375.00			
11/01/42	$	2,055,000.00	$	215,000.00	$	51,375.00	$	317,750.00	
05/01/43	$	1,840,000.00	$	-	$	46,000.00			
11/01/43	$	1,840,000.00	$	225,000.00	$	46,000.00	$	317,000.00	
05/01/44	$	1,615,000.00	$	-	$	40,375.00			
11/01/44	$	1,615,000.00	$	235,000.00	$	40,375.00	$	315,750.00	
05/01/45	$	1,380,000.00	$	-	$	34,500.00			
11/01/45	$	1,380,000.00	$	250,000.00	$	34,500.00	$	319,000.00	
05/01/46	$	1,130,000.00	$	-	$	28,250.00			
11/01/46	$	1,130,000.00	$	260,000.00	$	28,250.00	$	316,500.00	
05/01/47	$	870,000.00	$	-	$	21,750.00			
11/01/47	$	870,000.00	$	275,000.00	$	21,750.00	$	318,500.00	
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	
			$	4,600,000.00	$	3,547,681.25	$	8,258,900.00	

Proposed Budget
Series 2020 A2 Debt Service Fund

Description	Adopted Budget FY2026	Actual Thru 2/28/26	Projected Next
7 Months	Total Thru 9/30/26	Proposed Budget FY2027	

Revenues						
Assessments	$	157,625	$	155,191	$	2,434	$	157,625	$	157,625	
Interest Income	$	3,566	$	2,397	$	1,398	$	3,795	$	1,897	
Carry Forward Surplus	$	88,087	$	88,930	$	-	$	88,930	$	92,205	
Total Revenues	$	249,277	$	246,517	$	3,832	$	250,349	$	251,727	

Expenditures						
Interest - 11/1	$	46,572	$	46,572	$	-	$	46,572	$	45,516	
Principal - 5/1	$	65,000	$	-	$	65,000	$	65,000	$	65,000	
Interest - 5/1	$	46,572	$	-	$	46,572	$	46,572	$	45,516	
Total Expenditures	$	158,144	$	46,572	$	111,572	$	158,144	$	156,031	
						
Excess Revenues/(Expenditures)	$	91,133	$	199,945	$	(107,740)	$	92,205	$	95,695	

Interest Expense 11/1/27
Total

$	44,459

$	44,459

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	130	$	157,625	$	1,212	$	1,304	
	130	$	157,625			

Series 2020 A2 Special Assessment Bonds Amortization Schedule

Date		Balance		Prinicpal		Interest		Total	

11/01/26	
$	
2,415,000.00	
$	
-	
$	
45,515.63	
$	
157,087.50	
05/01/27	$	2,415,000.00	$	65,000.00	$	45,515.63			
11/01/27	$	2,350,000.00	$	-	$	44,459.38	$	154,975.00	
05/01/28	$	2,350,000.00	$	65,000.00	$	44,459.38			
11/01/28	$	2,285,000.00	$	-	$	43,403.13	$	152,862.50	
05/01/29	$	2,285,000.00	$	70,000.00	$	43,403.13			
11/01/29	$	2,215,000.00	$	-	$	42,265.63	$	155,668.75	
05/01/30	$	2,215,000.00	$	70,000.00	$	42,265.63			
11/01/30	$	2,145,000.00	$	-	$	41,128.13	$	153,393.75	
05/01/31	$	2,145,000.00	$	75,000.00	$	41,128.13			
11/01/31	$	2,070,000.00	$	-	$	39,909.38	$	156,037.50	
05/01/32	$	2,070,000.00	$	75,000.00	$	39,909.38			
11/01/32	$	1,995,000.00	$	-	$	38,550.00	$	153,459.38	
05/01/33	$	1,995,000.00	$	80,000.00	$	38,550.00			
11/01/33	$	1,915,000.00	$	-	$	37,100.00	$	155,650.00	
05/01/34	$	1,915,000.00	$	80,000.00	$	37,100.00			
11/01/34	$	1,835,000.00	$	-	$	35,650.00	$	152,750.00	
05/01/35	$	1,835,000.00	$	85,000.00	$	35,650.00			
11/01/35	$	1,750,000.00	$	-	$	34,109.38	$	154,759.38	
05/01/36	$	1,750,000.00	$	90,000.00	$	34,109.38			
11/01/36	$	1,660,000.00	$	-	$	32,478.13	$	156,587.50	

05/01/37	$	1,660,000.00	$	90,000.00	$	32,478.13			
11/01/37	$	1,570,000.00	$	-	$	30,846.88	$	153,325.00	
05/01/38	$	1,570,000.00	$	95,000.00	$	30,846.88			
11/01/38	$	1,475,000.00	$	-	$	29,125.00	$	154,971.88	
05/01/39	$	1,475,000.00	$	100,000.00	$	29,125.00			
11/01/39	$	1,375,000.00	$	-	$	27,312.50	$	156,437.50	
05/01/40	$	1,375,000.00	$	100,000.00	$	27,312.50			
11/01/40	$	1,275,000.00	$	-	$	25,500.00	$	152,812.50	
05/01/41	$	1,275,000.00	$	105,000.00	$	25,500.00			
11/01/41	$	1,170,000.00	$	-	$	23,400.00	$	153,900.00	
05/01/42	$	1,170,000.00	$	110,000.00	$	23,400.00			
11/01/42	$	1,060,000.00	$	-	$	21,200.00	$	154,600.00	
05/01/43	$	1,060,000.00	$	115,000.00	$	21,200.00			
11/01/43	$	945,000.00	$	-	$	18,900.00	$	155,100.00	
05/01/44	$	945,000.00	$	120,000.00	$	18,900.00			
11/01/44	$	825,000.00	$	-	$	16,500.00	$	155,400.00	
05/01/45	$	825,000.00	$	125,000.00	$	16,500.00			
11/01/45	$	700,000.00	$	-	$	14,000.00	$	155,500.00	
05/01/46	$	700,000.00	$	130,000.00	$	14,000.00			
11/01/46	$	570,000.00	$	-	$	11,400.00	$	155,400.00	
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	
			$	2,540,000.00	$	1,528,718.75	$	4,177,015.63	

Community Development District
Proposed Budget
Series 2020 A3 Debt Service Fund

Description	Adopted Budget FY2026	Actual Thru 2/28/26	Projected Next
7 Months	Projected Thru 9/30/26	Proposed Budget FY2027	

Revenues						
Assessments	$	55,775	$	54,914	$	861	$	55,775	$	55,775	
Interest Income	$	1,370	$	960	$	560	$	1,519	$	760	
Carry Forward Surplus	$	38,317	$	38,636	$	-	$	38,636	$	43,812	
Total Revenues	$	95,462	$	94,510	$	1,421	$	95,931	$	100,346	

Expenditures						
Interest - 11/1	$	16,059	$	16,059	$	-	$	16,059	$	15,734	
Principal - 5/1	$	20,000	$	-	$	20,000	$	20,000	$	20,000	
Interest - 5/1	$	16,059	$	-	$	16,059	$	16,059	$	15,734	
Total Expenditures	$	52,119	$	16,059	$	36,059	$	52,119	$	51,469	
						
Excess Revenues/(Expenditures)	$	43,343	$	78,450	$	(34,638)	$	43,812	$	48,878	

Interest Expense 11/1/27
Total

$	15,409

$	15,409

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family	46	$	55,775	$	1,212	$	1,304	
	46	$	55,775			

Community Development District Series 2020 A3 Special Assessment Bonds Amortization Schedule

Date		Balance		Prinicpal		Interest		Total	

11/01/26	
$	
835,000.00	
$	
-	
$	
15,734.38	
$	
51,793.75	
05/01/27	$	835,000.00	$	20,000.00	$	15,734.38			
11/01/27	$	815,000.00	$	-	$	15,409.38	$	51,143.75	
05/01/28	$	815,000.00	$	25,000.00	$	15,409.38			
11/01/28	$	790,000.00	$	-	$	15,003.13	$	55,412.50	
05/01/29	$	790,000.00	$	25,000.00	$	15,003.13			
11/01/29	$	765,000.00	$	-	$	14,596.88	$	54,600.00	
05/01/30	$	765,000.00	$	25,000.00	$	14,596.88			
11/01/30	$	740,000.00	$	-	$	14,190.63	$	53,787.50	
05/01/31	$	740,000.00	$	25,000.00	$	14,190.63			
11/01/31	$	715,000.00	$	-	$	13,784.38	$	52,975.00	
05/01/32	$	715,000.00	$	25,000.00	$	13,784.38			
11/01/32	$	690,000.00	$	-	$	13,331.25	$	52,115.63	
05/01/33	$	690,000.00	$	25,000.00	$	13,331.25			
11/01/33	$	665,000.00	$	-	$	12,878.13	$	51,209.38	
05/01/34	$	665,000.00	$	30,000.00	$	12,878.13			
11/01/34	$	635,000.00	$	-	$	12,334.38	$	55,212.50	
05/01/35	$	635,000.00	$	30,000.00	$	12,334.38			
11/01/35	$	605,000.00	$	-	$	11,790.63	$	54,125.00	
05/01/36	$	605,000.00	$	30,000.00	$	11,790.63			
11/01/36	$	575,000.00	$	-	$	11,246.88	$	53,037.50	
05/01/37	$	575,000.00	$	30,000.00	$	11,246.88			
11/01/37	$	545,000.00	$	-	$	10,703.13	$	51,950.00	
05/01/38	$	545,000.00	$	35,000.00	$	10,703.13			
11/01/38	$	510,000.00	$	-	$	10,068.75	$	55,771.88	

05/01/39	$	510,000.00	$	35,000.00	$	10,068.75			
11/01/39	$	475,000.00	$	-	$	9,434.38	$	54,503.13	
05/01/40	$	475,000.00	$	35,000.00	$	9,434.38			
11/01/40	$	440,000.00	$	-	$	8,800.00	$	53,234.38	
05/01/41	$	440,000.00	$	35,000.00	$	8,800.00			
11/01/41	$	405,000.00	$	-	$	8,100.00	$	51,900.00	
05/01/42	$	405,000.00	$	40,000.00	$	8,100.00			
11/01/42	$	365,000.00	$	-	$	7,300.00	$	55,400.00	
05/01/43	$	365,000.00	$	40,000.00	$	7,300.00			
11/01/43	$	325,000.00	$	-	$	6,500.00	$	53,800.00	
05/01/44	$	325,000.00	$	40,000.00	$	6,500.00			
11/01/44	$	285,000.00	$	-	$	5,700.00	$	52,200.00	
05/01/45	$	285,000.00	$	45,000.00	$	5,700.00			
11/01/45	$	240,000.00	$	-	$	4,800.00	$	55,500.00	
05/01/46	$	240,000.00	$	45,000.00	$	4,800.00			
11/01/46	$	195,000.00	$	-	$	3,900.00	$	53,700.00	
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	
			$	875,000.00	$	528,025.00	$	1,439,659.38	

Highland Meadows West Community Development District Proposed Budget
Capital Reserve Fund

	Adopted Budget FY2026	Actual Thru 2/28/26	Projected Next
7 Months	Total Thru 9/30/26	Proposed Budget FY2027	

Revenues						
Interest	$	2,075	$	2,177	$	3,048	$	5,225	$	2,613	
Carry Forward Surplus	$	146,233	$	156,786	$	-	$	156,786	$	195,544	
Total Revenues	$	148,308	$	158,963	$	3,048	$	162,011	$	198,157	

Expenditures						
Capital Outlay	$	-	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	$	-	

Other Financing Sources/(Uses)						
Transfer In/(Out)	$	33,533	$	-	$	33,533	$	33,533	$	22,832	
Total Other Financing Sources/(Uses)	$	33,533	$	-	$	33,533	$	33,533	$	22,832	
						
Excess Revenues/(Expenditures)	$	181,841	$	158,963	$	36,581	$	195,544	$	220,989