Ridge at Apopka
Community Development District

Adopted Budget
FY2026

Table of Contents

1	General Fund

2-3	Narratives

4-5	Debt Service Fund Series 2022

6-7	Debt Service Fund Series 2023

8-9	Assessment Schedule

Ridge at Apopka
Community Development District
Adopted Budget General Fund

Adopted Budget
FY2025

Actuals Thru
5/31/25

Projected Next Projected Thru

Description

	4 Months	

9/30/25

Adopted Budget
FY 2026

REVENUES:

Special Assessments - On Roll	$130,087	$132,856		$-	$132,856	$194,405	
Special Assessments - Direct	84,005	84,005		-	84,005	124,099	
TOTAL REVENUES	$214,092	$216,861	$-		$216,861	$318,503	

EXPENDITURES:						
Administrative:						
Engineering Fees	$2,000	$-	$1,500	$1,500	$2,000	
District Counsel	22,500	6,878	4,913	11,791	20,000	
Annual Audit	6,600	6,600	-	6,600	6,800	
Assessment Administration	-	-	-	-	5,000	
Arbitrage Rebate	500	-	1,100	1,100	1,100	
Dissemination Agent	5,000	3,333	1,667	5,000	6,000	
Trustee Fees	9,956	-	8,278	8,278	10,804	
District Management Fees	40,000	26,667	13,333	40,000	40,000	
Information Technology	1,800	1,200	600	1,800	1,800	
District Website Administration	1,200	800	400	1,200	1,200	
Telephone	200	-	50	50	200	
Postage & Delivery	500	14	50	64	500	
General Liability and Public Officials Insurance	5,720	5,408	-	5,408	5,720	
Printing & Binding	250	63	85	148	250	
Legal Advertising	2,500	897	1,500	2,397	2,500	
Bank Fees and Other Charges	2,654	663	75	738	2,654	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$101,555	$52,698	$33,550	$86,248	$106,703	

Operations & Maintenance						
Field Operation						
Field Management	$15,000	$10,000	$5,000	$15,000	$	15,000	
Internet	400	-	200	200	400	
Electric	1,200	-	600	600	15,000	
Reclaimed Water	4,037	-	1,500	1,500	7,500	
Pressure Washing	4,000	-	2,000	2,000	7,500	
Landscape Maintenance	60,000	52,000	26,000	78,000	100,000	
Landscape Contingency	10,000	16,624	6,000	22,624	10,000	
Irrigation Repairs	3,000	-	2,000	2,000	5,000	
Janitorial Services	4,000	-	1,500	1,500	4,000	
Pest Control	2,400	-	1,200	1,200	2,400	
Aquatic Maintenance	8,500	6,475	2,900	9,375	10,000	
Pond Discing	-	-	-	-	10,000	
Contingency/Reserves	-	-	-	-	25,000	
Total Field Operation	$112,537	$85,099	$48,900	$133,999	$211,800	
						
TOTAL EXPENDITURES	$214,092	$137,797	$82,450	$220,247	$318,503	
						
EXCESS REVENUES (EXPENDITURES)	$-	$79,064	$(82,450)	$(3,386)	$	-	
		
Gross Assessments			
$	338,833	
Less: Discounts & Collections 6%		20,330 
Net Assessments	 $	318,503 

Ridge at Apopka
Community Development District
Budget Narrative Fiscal Year 2026

REVENUES

Special Assessments-Tax Roll
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.

Expenditures - Administrative

District Engineering Fees
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.
District Counsel Fees
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned 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 Roll Administration
GMS CF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Trustee Fees
The District has issued Series 2022 and Series 2023 bonds, which will be held and administered by a Trustee. This represents the trustee annual fee.

District Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.
Information Technology
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – Central Florida, LLC.
Website Maintenance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-CF, LLC and updated monthly.
Telephone
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
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.
Bank Fees and Other 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 Commerce for $175.

Ridge at Apopka
Community Development District
Budget Narrative Fiscal Year 2026

Expenditures – Operations

79

Field Management
Represents the onsite management, contract admin and field services.
Landscape Maintenance
The District has contracted with Blade Runners to maintain landscaping within its boundaries including turf maintenance, horticultural services, and tree pruning.
Landscape Contingency
Represents landscaping work necessary outside the monthly maintenance to include ferlization, mulching, sande along the lake and wood chips.
Irrigation Repairs
The District will repair sprinkler heads and other irrigation equipment that can be potentially damaged.
Reclaimed Water
The District will pay for the cost of reclaim water provided by the City of Apopka to irrigate the landscaped areas.
Aquatic Maintenance
Maintenance of lake and ponds in district owned and operated areas including border grass & aquatic vegetation control, water testing & treatment, casual debris and trash removal.
Pest Control
The district will pay for services to remove and prevent unwanted pests.
Janitorial services
The district will pay for cleanings of the amenity buildings within the community park.
Electricity
Electricity will be provided in the amenity buildings in the community park.
Internet
Internet will be provided to the amenity buildings in the district.
Pressure washing
Pressure washing of the sidewalks and amenity buildings.

Ridge at Apopka
Community Development District
Adopted Budget
Debt Service Series 2022 Special Assessment Bonds

Adopted Budget
FY2025

Actuals Thru	Projected Next	Projected Thru
5/31/25

Description

	4 Months	

9/30/25

Adopted Budget
FY 2026

REVENUES:

Special Assessments-On Roll	$875,484	$555,196	$-	$555,196	$872,834	
Special Assessments-Direct	-	201,521	128,351	329,872	-	
Prepayments	-	26,461	-	26,461	-	
Interest Earnings	-	33,726	8,000	41,726	20,000	
Carry Forward Surplus (1)	444,613	445,321	-	445,321	489,257	
TOTAL REVENUES	$1,320,097	$1,262,225	$136,351	$1,398,576	$1,382,091	

EXPENDITURES:						
Interest - 11/01	$337,159	$337,159	$-	$337,159	$331,481	
Interest - 05/01	337,159	337,159	-	337,159	331,481	
Principal - 05/01	205,000	205,000	-	205,000	215,000	
Special Call - 5/01	-	30,000	-	30,000	-	
TOTAL EXPENDITURES	$879,319	$909,319	$-	$909,319	$877,963	

Other Sources/(Uses)						

Interfund transfer In/(Out)		
$-		
$-		
$-		
$-		
$-	
TOTAL OTHER SOURCES/(USES)	$-		$-		$-		$-		$-		

TOTAL EXPENDITURES	$879,319	$909,319	$-	$909,319	$877,963	
						
EXCESS REVENUES (EXPENDITURES)	$440,778	$352,906	$136,351	$489,257	$504,128	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/26

$326,375.00

Gross Assessments	$	928,546	
Less: Discounts & Collections 6%		55,713 	
Net Assessments	 $	872,834 	

Ridge at Apopka
Community Development District
AMORTIZATION SCHEDULE
Debt Service Series 2022 Special Assessment Bonds

Period

Outstanding Balance

Coupons

Principal

Interest

Annual Debt Service

11/01/23	$12,750,000	4.750%	$-	$340,981	340,981.25	
05/01/24	12,750,000	4.750%	195,000	340,981		
11/01/24	12,555,000	4.750%	-	336,350	872,331.25	
05/01/25	12,555,000	4.750%	205,000	336,350		
11/01/25	12,320,000	4.750%	-	331,481	872,831.25	
05/01/26	12,320,000	4.750%	215,000	331,481		
11/01/26	12,105,000	4.750%	-	326,375	872,856.25	
05/01/27	12,105,000	4.750%	225,000	326,375		
11/01/27	11,880,000	4.750%	-	321,031	872,406.25	
05/01/28	11,880,000	5.000%	235,000	321,031		
11/01/28	11,645,000	5.000%	-	315,156	871,187.50	
05/01/29	11,645,000	5.000%	245,000	315,156		
11/01/29	11,400,000	5.000%	-	309,031	869,187.50	
05/01/30	11,400,000	5.000%	260,000	309,031		
11/01/30	11,140,000	5.000%	-	302,531	871,562.50	
05/01/31	11,140,000	5.000%	270,000	302,531	-	
11/01/31	10,870,000	5.000%	-	295,781	868,312.50	
05/01/32	10,870,000	5.000%	285,000	295,781		
11/01/32	10,585,000	5.000%	-	288,656	869,437.50	
05/01/33	10,585,000	5.375%	300,000	288,656		
11/01/33	10,285,000	5.375%	-	280,594	869,250.00	
05/01/34	10,285,000	5.375%	320,000	280,594		
11/01/34	9,965,000	5.375%	-	271,994	872,587.50	
05/01/35	9,965,000	5.375%	335,000	271,994		
11/01/35	9,630,000	5.375%	-	262,991	869,984.38	
05/01/36	9,630,000	5.375%	355,000	262,991		
11/01/36	9,275,000	5.375%	-	253,450	871,440.63	
05/01/37	9,275,000	5.375%	375,000	253,450		
11/01/37	8,900,000	5.375%	-	243,372	871,821.88	
05/01/38	8,900,000	5.375%	395,000	243,372		
11/01/38	8,505,000	5.375%	-	232,756	871,128.13	
05/01/39	8,505,000	5.375%	415,000	232,756		
11/01/39	8,090,000	5.375%	-	221,603	869,359.38	
05/01/40	8,090,000	5.375%	440,000	221,603		
11/01/40	7,650,000	5.375%	-	209,778	871,381.25	
05/01/41	7,650,000	5.375%	465,000	209,778		
11/01/41	7,185,000	5.375%	-	197,281	872,059.38	
05/01/42	7,185,000	5.375%	490,000	197,281		
11/01/42	6,695,000	5.375%	-	184,113	871,393.75	
05/01/43	6,695,000	5.500%	515,000	184,113		
11/01/43	6,180,000	5.500%	-	169,950	869,062.50	
05/01/44	6,180,000	5.500%	545,000	169,950		
11/01/44	5,635,000	5.500%		154,963	869,912.50	
05/01/45	5,635,000	5.500%	575,000	154,963		
11/01/45	5,060,000	5.500%		139,150	869,112.50	
05/01/46	5,060,000	5.500%	610,000	139,150		
11/01/46	4,450,000	5.500%		122,375	871,525.00	
05/01/47	4,450,000	5.500%	645,000	122,375		
11/01/47	3,805,000	5.500%		104,638	872,012.50	
05/01/48	3,805,000	5.500%	680,000	104,638		
11/01/48	3,125,000	5.500%		85,938	870,575.00	
05/01/49	3,125,000	5.500%	720,000	85,938		
11/01/49	2,405,000	5.500%		66,138	872,075.00	
05/01/50	2,405,000	5.500%	760,000	66,138		
11/01/50	1,645,000	5.500%		45,238	871,375.00	
05/01/51	1,645,000	5.500%	800,000	45,238		
11/01/51	845,000	5.500%		23,238	868,475.00	
05/01/52	845,000	5.500%	845,000	23,238	868,237.50	
Total			$12,720,000	$12,873,863	$25,593,863	

Ridge at Apopka
Community Development District
Adopted Budget
Debt Service Series 2023 Special Assessment Bonds (Parcel 2 Project)

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2025	5/31/25		4 Months		9/30/25	FY 2026	

REVENUES:						
Special Assessments-On Roll	$227,113	$231,945	$-	$231,945	$227,113	
Interest Earnings	-	5,601	2,500	8,101	-	
Carry Forward Surplus (1)	137,804	108,401	-	108,401	124,972	
TOTAL REVENUES	$364,917	$345,947	$2,500	$348,447	$352,085	

EXPENDITURES:						
Interest - 11/01	$89,238	$89,238	$-	$89,238	$88,169	
Interest - 05/01	89,238	89,238	-	89,238	88,169	
Principal - 05/01	45,000	45,000	-	45,000	50,000	
TOTAL EXPENDITURES	$223,475	$223,475	$-	$223,475	$226,338	

Other Sources/(Uses)						
Interfund transfer In/(Out)	$-	$-	$-	$-	$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$223,475	$223,475	$-	$223,475	$226,338	
						
EXCESS REVENUES (EXPENDITURES)	$141,442	$122,472	$2,500	$124,972	$125,747	

(1) Carry Forward is Net of Reserve Requirement			
Interest Due 11/1/26	
$86,981.25	
		
Gross Assessments		
$	
241,609	
		Less: Discounts & Collections 6%			14,497 	
		Net Assessments		 $	227,113 	

Ridge at Apopka
Community Development District
AMORTIZATION SCHEDULE
Debt Service Series 2023 Special Assessment Bonds (Parcel 2 Project)

Period

Outstanding Balance

Coupons

Principal

Interest

Annual Debt Service

11/01/23	$3,255,000	4.750%	$-	$34,116	34,115.69	
05/01/24	3,255,000	4.750%	45,000	90,306		
11/01/24	3,210,000	4.750%	-	89,238	224,543.75	
05/01/25	3,210,000	4.750%	45,000	89,238		
11/01/25	3,165,000	4.750%	-	88,169	222,406.25	
05/01/26	3,165,000	4.750%	50,000	88,169		
11/01/26	3,115,000	4.750%	-	86,981	225,150.00	
05/01/27	3,115,000	4.750%	50,000	86,981		
11/01/27	3,065,000	4.750%	-	85,794	222,775.00	
05/01/28	3,065,000	4.750%	55,000	85,794		
11/01/28	3,010,000	4.750%	-	84,488	225,281.25	
05/01/29	3,010,000	4.750%	55,000	84,488		
11/01/29	2,955,000	4.750%	-	83,181	222,668.75	
05/01/30	2,955,000	4.750%	60,000	83,181		
11/01/30	2,895,000	5.500%	-	81,756	224,937.50	
05/01/31	2,895,000	5.500%	65,000	81,756		
11/01/31	2,830,000	5.500%	-	79,969	226,725.00	
05/01/32	2,830,000	5.500%	65,000	79,969		
11/01/32	2,765,000	5.500%	-	78,181	223,150.00	
05/01/33	2,765,000	5.500%	70,000	78,181		
11/01/33	2,695,000	5.500%	-	76,256	224,437.50	
05/01/34	2,695,000	5.500%	75,000	76,256		
11/01/34	2,620,000	5.500%	-	74,194	225,450.00	
05/01/35	2,620,000	5.500%	80,000	74,194		
11/01/35	2,540,000	5.500%	-	71,994	226,187.50	
05/01/36	2,540,000	5.500%	85,000	71,994		
11/01/36	2,455,000	5.500%	-	69,656	226,650.00	
05/01/37	2,455,000	5.500%	90,000	69,656		
11/01/37	2,365,000	5.500%	-	67,181	226,837.50	
05/01/38	2,365,000	5.500%	95,000	67,181		
11/01/38	2,270,000	5.500%	-	64,569	226,750.00	
05/01/39	2,270,000	5.500%	100,000	64,569		
11/01/39	2,170,000	5.500%	-	61,819	226,387.50	
05/01/40	2,170,000	5.500%	105,000	61,819		
11/01/40	2,065,000	5.500%	-	58,931	225,750.00	
05/01/41	2,065,000	5.500%	110,000	58,931		
11/01/41	1,955,000	5.500%	-	55,906	224,837.50	
05/01/42	1,955,000	5.500%	115,000	55,906		
11/01/42	1,840,000	5.500%	-	52,744	223,650.00	
05/01/43	1,840,000	5.500%	125,000	52,744		
11/01/43	1,715,000	5.750%	-	49,306	227,050.00	
05/01/44	1,715,000	5.750%	130,000	49,306		
11/01/44	1,585,000	5.750%		45,569	224,875.00	
05/01/45	1,585,000	5.750%	140,000	45,569		
11/01/45	1,445,000	5.750%		41,544	227,112.50	
05/01/46	1,445,000	5.750%	145,000	41,544		
11/01/46	1,300,000	5.750%		37,375	223,918.75	
05/01/47	1,300,000	5.750%	155,000	37,375		
11/01/47	1,145,000	5.750%		32,919	225,293.75	
05/01/48	1,145,000	5.750%	165,000	32,919		
11/01/48	980,000	5.750%		28,175	226,093.75	
05/01/49	980,000	5.750%	175,000	28,175		
11/01/49	805,000	5.750%		23,144	226,318.75	
05/01/50	805,000	5.750%	185,000	23,144		
11/01/50	620,000	5.750%		17,825	225,968.75	
05/01/51	620,000	5.750%	195,000	17,825		
11/01/51	425,000	5.750%		12,219	225,043.75	
05/01/52	425,000	5.750%	205,000	12,219		
11/01/52	220,000	5.750%		6,325	223,543.75	
05/01/53	220,000	5.750%	220,000	6,325	226,325.00	
Total			$3,255,000	$3,535,234	$6,790,234	

Ridge at Apopka
Community Development District
Non-Ad Valorem Assessments FY 2026

O&M Assessments	

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	
FY2026
Total	
FY2025
Total	
Increase/ (Decrease)	

Commercial	1	100000	0.5	50	4.03%	$	12,850.65	$	0.13	$	0.14	$	0.13	$	-	$	0.27	$	0.30	$	(0.03)	
SF 60'	2	79	1.2	94.8	7.65%	$	24,364.83	$	308.42	$	328.10	$	851.86	$	1,035.94	$  2,215.91	$ 2,107.36	$	108.55	
SF 55'	2	79	1.1	86.9	7.01%	$	22,334.43	$	282.71	$	300.76	$	780.88	$	947.40	$  2,029.03	$ 1,929.53	$	99.50	
Bungalow 30-35	2	60	0.65	39	3.15%	$	10,023.51	$	167.06	$	177.72	$	461.43	$	602.11	$  1,241.26	$ 1,182.46	$	58.80	
TH 20'	2	95	0.4	38	3.07%	$	9,766.49	$	102.81	$	109.37	$	283.95	$	513.67	$	906.99	$	870.81	$	36.18	
MF	3.1	374	0.4	149.6	12.07%	$	38,449.15	$	102.81	$	109.37	$	360.07	$	-	$	469.44	$	433.26	$	36.18	
Office	3.2	75000	0.5	37.5	3.03%	$	9,637.99	$	0.13	$	0.14	$	0.13	$	-	$	0.27	$	0.30	$	(0.03)	
Commercial	3.3	25000	0.5	12.5	1.01%	$	3,212.66	$	0.13	$	0.14	$	0.13	$	-	$	0.27	$	0.30	$	(0.03)	
SF 60'	4	70	1.2	84	6.78%	$	21,589.09	$	308.42	$	328.10	$	1,298.54	$	-	$  1,626.64	$ 1,518.09	$	108.55	
Bungalow 30-35	4	98	0.65	63.7	5.14%	$	16,371.73	$	167.06	$	177.72	$	703.37	$	-	$	881.10	$	822.30	$	58.80	
TH 25'	4	100	0.5	50	4.03%	$	12,850.65	$	128.51	$	136.71	$	541.06	$	-	$	677.77	$	632.54	$	45.23	
Industrial	5	1500000	0.2	300	24.21%	$	77,103.90	$	0.05	$	0.05	$	0.12	$	-	$	0.17	$	0.16	$	0.01	
MF	6	304	0.4	121.6	9.81%	$	31,252.78	$	102.81	$	109.37	$	360.07	$	-	$	469.44	$	433.26	$	36.18	
Commercial	6.1	150000	0.5	75	6.05%	$	19,275.98	$	0.13	$	0.14	$	0.13	$	-	$	0.27	$	0.30	$	(0.03)	
SF 60'	9	10	1.2	12	0.97%	$	3,084.16	$	308.42	$	328.10	$	1,993.03	$	-	$  2,321.13	$ 1,191.11	$  1,130.02	
SF 55'	9	10	1.1	11	0.89%	$	2,827.14	$	282.71	$	300.76	$	1,824.60	$	-	$  2,125.36	$ 1,091.85	$  1,033.51	
Bungalow 30-35	9	21	0.65	13.65	1.10%	$	3,508.23	$	167.06	$	177.72	$	1,122.82	$	-	$  1,300.54	$	645.19	$	655.35	

1851300	1239.25	1 $	318,503.38

$  124,098.73

Direct Bill

$  194,404.65

On-Roll

Ridge at Apopka
Community Development District
Non-Ad Valorem Assessments Comparison FY 2026

Per Unit

Per Unit

Annual Debt

Gross Net Annual	Annual

Par Debt Per Unit

ERU	%	Improvement
Units	Value	ERU's	ERU's	Cost	Actual Bonds	% Issued

Land Use

Debt Service - Series 2022

Commercial	1	100000	0.5	50	4.01%	$	251,413.11	$	178,730.88	1.38%	$	1.79	$  12,097.11	$	0.12	$	0.13	
SF 60'	2	79	1.2	106.8	8.56%	$	919,040.60	$  1,052,946.78	8.14%	$	11,830.86	$  63,259.46	$	800.75	$	851.86	
SF 55'	2	79	1.1	75.9	6.08%	$	653,138.41	$	748,302.08	5.79%	$	10,844.96	$  57,987.84	$	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	374	0.4	120	9.62%	$	1,309,443.27	$  1,870,289.18	14.46%	$	5,000.77	$ 126,587.47	$	338.47	$	360.07	
Office	3.2	75000	0.5	37.5	3.01%	$	188,559.83	$	134,048.15	1.04%	$	1.79	$	9,072.83	$	0.12	$	0.13	
Commercial	3.3	25000	0.5	12.5	1.00%	$	62,853.28	$	44,682.72	0.35%	$	1.79	$	3,024.28	$	0.12	$	0.13	
SF 60'	4	70	1.2	80.4	6.44%	$	1,054,638.01	$  1,208,301.03	9.34%	$	18,034.34	$  85,443.76	$  1,220.63	$ 1,298.54	
Bungalow 30-35	4	98	0.65	81.25	6.51%	$	1,065,787.79	$  1,221,075.35	9.44%	$	9,768.60	$  64,794.85	$	661.17	$	703.37	
TH 25'	4	100	0.5	38	3.05%	$	498,460.75	$	571,087.55	4.42%	$	7,514.31	$  50,859.38	$	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	304	0.4	151.2	12.12%	$	1,649,898.53	$  1,520,235.06	11.75%	$	5,000.77	$ 102,894.63	$	338.47	$	360.07	
Commercial	6.1	150000	0.5	75	6.01%	$	377,119.66	$	268,096.31	2.07%	$	1.79	$  18,145.66	$	0.12	$	0.13	
SF 60'	9	10	1.2	18	1.44%	$	176,658.62	$	276,795.25	2.14%	$	27,679.53	$  18,734.44	$  1,873.44	$ 1,993.03	
SF 55'	9	10	1.1	13.2	1.06%	$	129,549.65	$	253,403.94	1.96%	$	25,340.39	$  17,151.23	$  1,715.12	$ 1,824.60	
Bungalow 30-35	9	21	0.65	11.05	0.89%	$	108,448.76	$	327,472.07	2.53%	$	15,593.91	$  22,164.41	$  1,055.45	$ 1,122.82	

1851300	1247.8	$ 11,290,019.91  $ 12,935,000.00	100.00%	$ 872,833.57

Per Unit

Per Unit

Annual Debt

Gross Net Annual	Annual

Par Debt Per Unit

ERU	%	Improvement
Units	Value	ERU's	ERU's	Cost	Actual Bonds	% Issued

Land Use

Debt Service - Series 2023

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	1 $	3,898,970.68  $  2,835,585.56	100.00%	3255000 $ 227,112.50