Ridge at Apopka Community Development District Proposed Budget FY 2025 1 2-3 4-5 6-7 8-9 Assessment Schedule Narratives Table of Contents General Fund Debt Service Fund Series 2022 Debt Service Fund Series 2023 Description AFBdYuo2dp0gt2ee4td Ac7tu/a3l1s/ T2h4ru Pro2j Mecotendt hNsext Pro9je/c3t0ed/2 T4hru PFBrYou p2do0gse2et5d REVENUES: SSOpptheecceiiraa Ill nAAcssossmeessessmmeennttss -- ODnir Recotll $ 1 8330,,820875 - $ 1 83 235,,,789605378 $ --- $ 1 83 235,,,789605378 $214,09 --2 TOTAL REVENUES $ 214,092 $ 222,528 $ - $ 222,528 $ 214,092 EXPENDITURES: Administrative: ILPPETTBGAAADDDDDWnroenrrsaeeniiiiussssefigsnnbulgsonentttsebaetiekissrrrureptnstalst,riiii mmr aiFhAgecccLsneataleetttmeeoi lgdeaiAg c rn eCMWL n &tFve&Ceeiusiaoiene eonrn aaR etd DaueBgrennsbitbneios tena etiF aiAsbiTdnlltnsssgieiiaid dvette ieOoe&Atnyemcliemsentn ggh rAaShiegeynnnudennoidbrmtstl sC toPFicrnhguerayiabeitsprsiltoigt rciena oOstnifofsinci als Insurance $24 12555558,,,,,,,,00055500 1255559000000000000017000000000000055 --- 3 111445671,,,,,,,,,001124572 1145000035675 41278$00000017041345 ---- $ 1126,,,,2555 23580005 55570003000000050003 ------ $3 11111455697,,,,,,,,,,,00224567895 115500000035780 59077800000000140040356 - $24 11222556902 ,,,,,,,,,,,00256678905 12255 000000255 0000057 0000000460000005 -- TOTAL ADMINISTRATIVE $ 100,790 $ 63,805 $ 13,808 $ 77,613 $ 101,555 Operations & Maintenance Field Operation JIISFFLLPPPEERAMarnareoiaaelneqneeruntesrnncgrucleiiltsdtdlgitddtctara niseoCahr lsstnMiiuertrmioicczecc eiriSaaaanota reeMepptntnled ir rWeeaSod a vRo WgeCMin iWanleercosamapvtenhoetiaisnetecnioinirtnreandegsstng nC ceahennicpcyes $ 1113 11223444560188 ,,,,,,,,,,,,,,00022444770007 4 0000000245 00080 000000003600030 - $3 560 ,,,225 05 0 000 ------------- $ 11112222556,,,,,,,,,,,00000022355 2660000000000000000000000000000 -- $3 11122255686,,,,,,,,,,,00000225575 2660000000005000000000000000000 -- $ 116 1234448005 ,,,,,,,,,,0000245000 4 0000003 0000 00000070000 ----- Total Field Operation $ 113,302 $ 41,950 $ 31,100 $ 73,050 $ 112,537 TOTAL EXPENDITURES $ 214,092 $ 105,755 $ 44,908 $ 150,663 $ 214,092 EXCESS REVENUES (EXPENDITURES) $ - $ 116,773 $ (44,908) $ 71,865 $ - Ridge at Apopka Community Development District Proposed Budget General Fund Page 1 The District is required to pay an annual fee to Florida Commerce for $175. Information Technology TheDistrictprocessesallofitsfinancialactivities,i.e.accountspayable,financialstatements,etc.onamainframecomputerleasedby Governmental Management Services – Central Florida, LLC. Copies used in the preparation of agenda packages, required mailings, and other special projects. Legal Advertising gTehneerDails ctirriccutlaistiorne.quiredto advertisevarious notices for monthly Boardmeetings andother publichearingsinanewspaperof Website Maintenance uPeserfCuhl wapetbesri2te0s1 r4e-g2a2r,dLianwg CsoomfFplloiarnidcae, iaslsluDeiss.t Trihcitss wmeubsstithea wveilal bwee mbsaiitnetationpedro bvyi dGeMdSe-tCaFil,e LdLiCn faonrdm uaptdioanteodn mthoentChDlyD.aswellaslinksto Telephone bTuhdegDeitsetdr iacmtoisunret qfourir tehde tfiosccaoln ydeuacrt isa nbaasnendu oanl acuodnittraocftietds ffeineasn frcoiamlr tehceo prrdesvbioyuasn yIenadr eepnegnadgeemnteCnet rptliufise danPtuicbipliactAedc cinocurnetainseg.Firm.The Assessment Roll Administration aGdMvSisCoFr,yL sLeCrvpircoevsi.desassessmentservicesforclosinglotsales,assessmentrollserviceswiththelocalTaxCollectorandfinancial Dissemination Agent rTehpeoDrtisintrgi crteqisurireeqmuiernetds bfoyrt uhne-Sreactuerdi tbyonandd isEsxucehsa.ngeCommissiontocomplywithRule15(c)(2)-12(b)(5),whichrelatestoadditional Trustee Fees tTrhuestDeies tarninctuahla fseeis.suedSeries2022andSeries2023bonds,whichwillbeheldandadministeredbyaTrustee.Thisrepresentsthe District Management Fees Due, Licenses & Subscriptions "TMAha"en oaDfg tieshmter eiMcntatnrSeaecgreevimivceeesns-tMC AeagnnrtaergeaemlmFeelnontrt.i,dAac,cLoLuCn.tTinhgeabnuddAgedtmedinaimstoruatnitvfeosretrhveicfiesscaalsypeaarrtisobfaasMedanoangtehmeecnotnAtrgarceteemdefneteswoiuthtliGnevdeirnnEmxehnibtaitl Bank Fees and Other Charges This includes monthly bank charges and any other miscellaneous expenses that incur during the year. New internet and Wi-Fi service for Office. Postage and Delivery Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence. Insurance General Liability iTnhseurDainsctrei ccot'vseGraegnee troa lgoLviaebrinlimtyen&taPl uagbelincciOefsf.i cTihales aLmiaobuinlitt yis Ibnassuerda unpcoenp soilmiciylairs Cwomithmaunqiutya lDifeievdeleonptmityentth Daitsstrpiecctisa.lizesinproviding Printing and Binding Special Assessments-Tax Roll Ridge at Apopka Community Development District Budget Narrative Fiscal Year 2025 REVENUES Annual Audit STmuhepeeetDrinvigsisstro,irrcset v’ saineAwdt ttoohfrenc oDeynis,ttrwraiciclttls M,breaenvpairgeoewvri.doifnaggrgeeenmereanltsleagnaldsreersvoicluetsiotnos,thaenDdisottrhicetr,ir.ee.s,eaattrecnhdaanscseiganneddparsepdairraetciotendfobrymtohnethBlyoaBrodarodf eTxhpeeDndisittruircetsw diullrlienvgy thaeN Foins-cAald YVeaalro.remassessmentonallsoldandplattedparcelswithintheDistrictinordertopayfortheoperating Expenditures - Administrative District Engineering Fees bTohaerdD i smtreiectti'nsgse,n grienveieerw w oifl l ipnrvoovicidese, g aennde r oaltheenrg i snpeeecriifnicgalsleyr v riecqeusetsotedth aessDigisntmriecnt,tsi..e.attendanceandpreparation for monthly District Counsel Fees Page 2 Ridge at Apopka Community Development District Budget Narrative Fiscal Year 2025 Landscape Contingency Pressure washing The District will repair sprinkler heads and other irrigation equipment that can be potentially damaged. The District will pay for the cost of reclaim water provided by the City of Apopka to irrigate the landscaped areas. Maintenance of lake and ponds in district owned and operated areas including border grass & aquatic vegetation control, & treatment, casual debris and trash removal. water testing Irrigation Repairs Reclaimed Water Aquatic Maintenance Pest Control The district will pay for services to remove and prevent unwanted pests. The district will pay for cleanings of the amenity buildings within the community park. Electricity will be provided in the amenity buildings in the community park. Internet will be provided to the amenity buildings in the district. Pressure washing of the sidewalks and amenity buildings. Janitorial services Electricity Internet Expenditures – Operations Represents the onsite management, contract admin and field services. hTohreticDuisltturircatl shearsvicceosn, tarnadc tterdee wpriuthninBgl.ade Runners to maintain landscaping withinits boundaries including turfmaintenance, Field Management Landscape Maintenance Rweoporde scehniptss .landscaping work necessary outside the monthly maintenance to include ferlization, mulching, sande along the lake and Page 3 Description AFBdYuo2dp0gt2ee4td Ac7tu/a3l1s/ T2h4ru Pro2j Mecotendt hNsext Pro9je/c3t0ed/2 T4hru PFBrYou p2do0gse2et5d REVENUES: ISSCnppateereccrriiyaae llFs AAto Essrsswaeerassnrssidnmm gSeesunnrttpss--luODsnir ( Re1)cotll 1$,2 35324369,,,518278678 - $ 235 42674019,,,,706962223045 10 88,,0806$02 -- $ 335 52672099,,,,768962283047 $ 48 247045,,,046018034 - TOTAL REVENUES $ 2,109,591 $ 1,206,332 $ 116,862 $ 1,323,194 $ 1,340,097 EXPENDITURES: IIPnnrttineerrceeipssatt l-- - 01 0155///000111 $ 133449115,,,077099011 $ 133449115,,,077099011 $ --- $ 133449115,,,077099011 $ 233033577,,,011055099 TOTAL EXPENDITURES $ 878,581 $ 878,581 $ - $ 878,581 $ 879,319 Other Sources/(Uses) Interfund transfer In/(Out) $ - $ - $ - $ - $ - TOTAL OTHER SOURCES/(USES) $ - $ - $ - $ - $ - TOTAL EXPENDITURES $ 878,581 $ 878,581 $ - $ 878,581 $ 879,319 EXCESS REVENUES (EXPENDITURES) $ 1,231,010 $ 327,751 $ 116,862 $ 444,613 $ 460,779 (1) Carry Forward is Net of Reserve Requirement $ 332,290.63 Ridge at Apopka Community Development District Proposed Budget Debt Service Series 2022 Special Assessment Bonds Interest Due 11/1/25 Page 4 Period OuBtsatlaanndceing Coupons Principal Interest AnSneuravl iDceebt 00000000000000000000000000000111111111111111111111111111111111111111111111111111111111155555555555555555555555555555/////////////////////////////////////////////////////////00000000000000000000000000000000000000000000000000000000001111111111111111111111111111111111111111111111111111111111///////////22222222222223333333333333333333344444444444444444444555550000001111112222233333444444555555666666777777888888999999 $ 1111111111111111111111 11223333445555666677778888889999990000001111111122222222,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,00111111222244445566666666778899991111333344556666778899 8800111111112222335555556677778899990011113333555555777799550000000000000055555555555555555555000000000000555555555500,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 4444444445555555555555555555555555555555555555555555555555..........................................................00000000003333333333333333333355555555555555555557777777770000000000000000000000000000055555555577777777777777777777000000000000000000000000000000000000055555555555555555555%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% 122222222333333444455566677880001112222334444556667788899900000000000555555555555555555,,,,,,,,,,,,,,,,,,,,,,,,,,,,,0000000000000000000000000000000000000000000000000000000000$00000000000000000000000000000 --------------------- $ 11111111111111222222222222222222223333333333333333 22446688000000111122222222333333334444555566777788888899993355666600001111112222222233333333444444555566777777999999,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,22334455001111111122333333333333444455556666778888889999991111117700001122222233444444444444445555556666666677889999333333550001111111111111111223333333344444455556666668899 388888888888888888888888888888477777777777777777777777777777000011112222222223333334444455,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,000011123444444556677888888999000002222222345555677788888899000001112344555555556666777899..............................000000000001222222333355556678000000000000000333555555588888 - Total $ 12,750,000 $ 12,905,775 $ 25,655,775 Ridge at Apopka Community Development District AMORTIZATION SCHEDULE Debt Service Series 2022 Special Assessment Bonds Page 5 Description PFBroYup2do0gs2eet4d Ac7tu/a3l1s/ T2h4ru Pro2j Mecotendt hNsext Pro9je/c3t0ed/2 T4hru PFBrYou p2do0gse2et5d REVENUES: ISCnpaterecrriyae lFs Ato Esrswaerasnrsidnm gSesunrtps-luOsn ( R1)oll $ 2 233 7487,,,,514104500570 $ 2 33 647,,,611050370 2 18,,0404$05 -- $ 2 233 7487,,,,614104503570 $ 122377,,180134 -- TOTAL REVENUES $ 307,202 $ 277,860 $ 29,445 $ 307,305 $ 364,916 EXPENDITURES: IIPnnrttineerrceeipssatt l-- - 01 0155///000111 $ 349045,,,013001066 $ 349045,,,013001066 $ --- $ 349045,,,013001066 $$ 488599,,,022033088 TOTAL EXPENDITURES $ 169,422 $ 169,422 $ - $ 169,422 $ 223,475 Other Sources/(Uses) Interfund transfer In/(Out) $ 80 $ 80 $ - $ 80 $ - TOTAL OTHER SOURCES/(USES) $ 80 $ 80 $ - $ 80 $ - TOTAL EXPENDITURES $ 169,342 $ 169,502 $ - $ 169,502 $ 223,475 EXCESS REVENUES (EXPENDITURES) $ 137,860 $ 108,359 $ 29,445 $ 137,804 $ 141,441 (1) Carry Forward is Net of Reserve Requirement $ 88,168.75 Ridge at Apopka Community Development District Proposed Budget Debt Service Series 2023 Special Assessment Bonds (Parcel 2 Project) Interest Due 11/1/25 Page 6 Period OuBtsatlaanndceing Coupons Principal Interest AnSneuravl iDceebt 000000000000000000000000000000111111111111111111111111111111111111111111111111111111111111555555555555555555555555555555///////////////////////////////////////////////////////////000000000000000000000000000000000000000000000000000000000000111111111111111111111111111111111111111111111111111111111111///////222222222222233333333333333333333444444444444444444445555555000000111111222222333333444444555555666666777777888888999999 $ 11111111111111222222222222222222222222333333333333,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,00000011111111222222333344445555666677778888889999 224466889900111111112233444444445555555566666666667777889999002222228800000000000000000055555555555555555555555555555555000000555,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 444444444444445555555555555555555555555555555555555555555555............................................................55555555555555555555555555777777777777777777777777777777777700000000000000000000000000555555555555555555555555555555555500000000000000000000000000000000000000000000000000000000000%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% 111111111111122 445555666778899000112234456789000000555555555000005555555555,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,000000000000000000000000000000000000000000000000000000000000$000000000000000000000000000000 --------------------- $ 1111222233333444444555555666666667777777777888888888888889 660111111112222223333444444455555566667777778888888899999999,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,33111111111111111222222333334455555566777777888899999999999922000001111111223333444444555555666666667777888888888899999955111111111444444444444555555666666666666888899999999999999 222222222222222222222222222222 32222222222222222222222222222224222333344444555555566666666677,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,100011112233344455666777788899910111223333444555555556677888995000000001233333555567777778888...............................60000000000002255555557777777779000000000000000000055555555555 Total $ 3,255,000 $ 3,535,234 $ 6,790,234 Ridge at Apopka Community Development District AMORTIZATION SCHEDULE Debt Service Series 2023 Special Assessment Bonds (Parcel 2 Project) Page 7 Land Use Units ERU Value ERU's % ERU's Net Budget Net Per Unit Gross Per Unit Gross Per Unit Series 2022 Gross Per Unit Series 2023 Total Commercial 1 100000 0.5 50 4.02% 8,599.12 $ 0.09 $ 0.09 $ 0.21 $ 0.30 $ SF 60' 2 79 1.2 94.8 7.62% 16,303.93 $ 206.38 $ 219.55 $ 851.86 $ 1,035.94 $ 2,107.36 $ SF 55' 2 79 1.1 86.9 6.98% 14,945.27 $ 189.18 $ 201.26 $ 780.88 $ 947.40 $ 1,929.53 $ Bungalow 30-35 2 60 0.65 39 3.13% 6,707.31 $ 111.79 $ 118.92 $ 461.43 $ 602.11 $ 1,182.46 $ TH 20' 2 95 0.4 38 3.05% 6,535.33 $ 68.79 $ 73.18 $ 283.95 $ 513.67 $ 870.81 $ MF 3.1 300 0.4 120 9.64% 20,637.88 $ 68.79 $ 73.18 $ 360.07 $ 433.26 $ Office 3.2 75000 0.5 37.5 3.01% 6,449.34 $ 0.09 $ 0.09 $ 0.21 $ 0.30 $ Commercial 3.3 25000 0.5 12.5 1.00% 2,149.78 $ 0.09 $ 0.09 $ 0.21 $ 0.30 $ SF 60' 4 70 1.2 84 6.75% 14,446.52 $ 206.38 $ 219.55 $ 1,298.54 $ 1,518.09 $ Bungalow 30-35 4 98 0.65 63.7 5.12% 10,955.28 $ 111.79 $ 118.92 $ 703.37 $ 822.30 $ TH 25' 4 100 0.5 50 4.02% 8,599.12 $ 85.99 $ 91.48 $ 541.06 $ 632.54 $ Industrial 5 1500000 0.2 300 24.10% 51,594.71 $ 0.03 $ 0.04 $ 0.12 $ 0.16 $ MF 6 378 0.4 151.2 12.15% 26,003.73 $ 68.79 $ 73.18 $ 360.07 $ 433.26 $ Commercial 6.1 150000 0.5 75 6.02% 12,898.68 $ 0.09 $ 0.09 $ 0.21 $ 0.30 $ SF 60' 9 15 1.2 18 1.45% 3,095.68 $ 206.38 $ 219.55 $ 971.56 $ 1,191.11 $ SF 55' 9 12 1.1 13.2 1.06% 2,270.17 $ 189.18 $ 201.26 $ 890.60 $ 1,091.85 $ Bungalow 30-35 9 17 0.65 11.05 0.89% 1,900.41 $ 111.79 $ 118.92 $ 526.26 $ 645.19 $ 1851303 1244.85 100.00% 214,092.25 $ O&M Assessments Ridge at Apopka Community Development District Non-Ad Valorem Assessments FY 2025 Page 8 Land Use Units ERU Value ERU's % ERU's Improvement Cost Actual Bonds % Issued Par Debt Per Unit Annual Debt Net Annual Per Unit Gross Annual Per Unit Commercial 1 100000 0.5 50 4.01% 251,413.11 $ 288,044.54 $ 2.23% 2.88 $ 19,495.82 $ 0.19 $ 0.21 $ SF 60' 2 89 1.2 106.8 8.56% 919,040.60 $ 1,052,946.78 $ 8.14% 11,830.86 $ 71,266.99 $ 800.75 $ 851.86 $ SF 55' 2 69 1.1 75.9 6.08% 653,138.41 $ 748,302.08 $ 5.79% 10,844.96 $ 50,647.61 $ 734.02 $ 780.88 $ Bungalow 30-35 2 60 0.65 39 3.13% 335,604.71 $ 384,503.04 $ 2.97% 6,408.38 $ 26,024.46 $ 433.74 $ 461.43 $ TH 20' 2 95 0.4 38 3.05% 326,999.47 $ 374,643.99 $ 2.90% 3,943.62 $ 25,357.17 $ 266.92 $ 283.95 $ MF 3.1 300 0.4 120 9.62% 1,309,443.27 $ 1,500,231.96 $ 11.60% 5,000.77 $ 101,540.75 $ 338.47 $ 360.07 $ Office 3.2 75000 0.5 37.5 3.01% 188,559.83 $ 216,033.40 $ 1.67% 2.88 $ 14,621.87 $ 0.19 $ 0.21 $ Commercial 3.3 25000 0.5 12.5 1.00% 62,853.28 $ 72,011.14 $ 0.56% 2.88 $ 4,873.96 $ 0.19 $ 0.21 $ SF 60' 4 67 1.2 80.4 6.44% 1,054,638.01 $ 1,208,301.03 $ 9.34% 18,034.34 $ 81,781.88 $ 1,220.63 $ 1,298.54 $ Bungalow 30-35 4 125 0.65 81.25 6.51% 1,065,787.79 $ 1,221,075.35 $ 9.44% 9,768.60 $ 82,646.49 $ 661.17 $ 703.37 $ TH 25' 4 76 0.5 38 3.05% 498,460.75 $ 571,087.55 $ 4.42% 7,514.31 $ 38,653.13 $ 508.59 $ 541.06 $ Industrial 5 1500000 0.2 300 24.04% 2,182,405.46 $ 2,500,386.61 $ 19.33% 1.67 $ 169,234.59 $ 0.11 $ 0.12 $ MF 6 378 0.4 151.2 12.12% 1,649,898.53 $ 1,890,292.28 $ 14.61% 5,000.77 $ 127,941.35 $ 338.47 $ 360.07 $ Commercial 6.1 150000 0.5 75 6.01% 377,119.66 $ 432,066.80 $ 3.34% 2.88 $ 29,243.74 $ 0.19 $ 0.21 $ SF 60' 9 15 1.2 18 1.44% 176,658.62 $ 202,398.16 $ 1.56% 13,493.21 $ 13,698.99 $ 913.27 $ 971.56 $ SF 55' 9 12 1.1 13.2 1.06% 129,549.65 $ 148,425.31 $ 1.15% 12,368.78 $ 10,045.93 $ 837.16 $ 890.60 $ Bungalow 30-35 9 17 0.65 11.05 0.89% 108,448.76 $ 124,249.98 $ 0.96% 7,308.82 $ 8,409.66 $ 494.69 $ 526.26 $ 1851303 1247.8 11,290,019.91 $ 12,935,000.00 $ 100.00% 875,484.38 $ Land Use Units ERU Value ERU's % ERU's Improvement Cost Actual Bonds % Issued Par Debt Per Unit Annual Debt Net Annual Per Unit Gross Annual Per Unit TH 20' 2 95 0.4 38 14.69% 572,713.13 $ 572,713.13 $ 20.20% 657,423.73 $ 45,870.71 $ 482.85 $ 513.67 $ Bungalow 30-35 2 60 0.65 39 15.08% 587,784.52 $ 423,993.11 $ 14.95% 486,706.38 $ 33,959.17 $ 565.99 $ 602.11 $ SF 55' 2 79 1.1 86.9 33.59% 1,309,704.49 $ 878,391.63 $ 30.98% 1,008,315.46 $ 70,353.62 $ 890.55 $ 947.40 $ SF 60 2 79 1.2 94.8 36.64% 1,428,768.54 $ 960,487.69 $ 33.87% 1,102,554.43 $ 76,929.00 $ 973.78 $ 1,035.94 $ 313 258.7 100.00% 3,898,970.68 $ 2,835,585.56 $ 100.00% 3,255,000.00 $ 227,112.50 $ Debt Service - Series 2022 Debt Service - Series 2023 Ridge at Apopka Community Development District Non-Ad Valorem Assessments Comparison FY 2025 Page 9