Ridge at Apopka
Community Development District

Proposed Budget
FY 2027

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
Proposed Budget General Fund

Description

Adopted Budget FY2026

Actuals Thru  Projected Next Projected Thru

3/31/26

	6 Months	

9/30/26

Proposed Budget FY 2027

REVENUES:		
Special Assessments - On Roll	$194,405	$181,224	$13,181	$194,405	$193,480	
Special Assessments - Direct	124,099	114,679	9,420	124,099	123,508	
TOTAL REVENUES	$318,504	$295,903	$22,601	$318,504	$316,988	

EXPENDITURES:						
Administrative:						
Engineering Fees	$2,000	$-	$1,500	$1,500	$2,000	
District Counsel	20,000	106	7,500	7,606	15,000	
Annual Audit	6,800	6,800	-	6,800	7,000	
Assessment Administration	5,000	5,000	-	5,000	5,250	
Arbitrage Rebate	1,100	-	1,100	1,100	1,100	
Dissemination Agent	6,000	3,000	3,000	6,000	6,300	
Trustee Fees	10,804	-	8,278	8,278	10,804	
District Management Fees	40,000	20,000	20,000	40,000	42,000	
Information Technology	1,800	900	900	1,800	1,890	
District Website Administration	1,200	600	600	1,200	1,260	
Telephone	200	-	50	50	200	
Postage & Delivery	500	3	50	53	500	
General Liability and Public Officials Insurance	5,720	5,732	-	5,732	6,305	
Printing & Binding	250	-	85	85	250	
Legal Advertising	2,500	-	1,500	1,500	2,500	
Bank Fees and Other Charges	2,654	738	75	813	2,654	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$106,704	$43,054	$44,637	$87,691	$105,188	

Operations & Maintenance						
Field Operation						
Field Management	$	15,000	$7,500	$5,000	$12,500	$	15,750	
Internet	400	-	200	200	-	
Electric	15,000	-	600	600	15,000	
Reclaimed Water	7,500	-	1,500	1,500	7,500	
Pressure Washing	7,500	-	2,000	2,000	7,500	
Landscape Maintenance	100,000	42,322	40,170	82,492	90,000	
Landscape Contingency	10,000	-	6,000	6,000	14,700	
General Reparis & Maintenance	-	-	-	-	14,650	
Irrigation Repairs	5,000	-	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	10,000	6,125	2,900	9,025	15,300	
Pond Discing	10,000	-	-	-	10,000	
Contingency/Reserves	25,000	-	-	-	10,000	
Total Field Operation	$211,800	$55,947	$63,070	$119,017	$211,800	
						
TOTAL EXPENDITURES	$318,504	$99,001	$107,707	$206,708	$316,988	
						
EXCESS REVENUES (EXPENDITURES)	$0	$196,902	$(85,106)	$111,796	$	-	
		
Gross Assessments			
$	337,222	
Less: Discounts & Collections 6%		20,233 
Net Assessments	 $  316,988 

Ridge at Apopka
Community Development District
Budget Narrative FY2027

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 FY2027

Expenditures – Operations

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
Proposed Budget
Debt Service Series 2022 Special Assessment Bonds

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	3/31/26		6 Months		9/30/26	FY 2027	

REVENUES:						
Special Assessments-On Roll	$872,834	$506,770	$17,664	$524,434	$872,834	
Special Assessments-Direct	-	157,279	172,593	329,872	-	
Prepayments	-	-	-	-	-	
Interest Earnings	-	22,807	8,000	30,807	20,000	
Carry Forward Surplus (1)	489,257	514,686	-	514,686	848,317	
TOTAL REVENUES	$1,362,091	$1,201,542	$198,256	$1,399,799	$1,741,151	

EXPENDITURES:						
Interest - 11/01	$331,481	$331,481	$-	$331,481	$326,241	
Interest - 05/01	331,481	-	-	-	326,241	
Principal - 05/01	215,000	-	210,000	210,000	225,000	
Special Call - 11/01	-	10,000	-	10,000	-	
TOTAL EXPENDITURES	$877,963	$341,481	$210,000	$551,481	$877,481	

Other Sources/(Uses)						
Interfund transfer In/(Out)	$-	$-	$-	$-	$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$877,963	$341,481	$210,000	$551,481	$877,481	
						
EXCESS REVENUES (EXPENDITURES)	$484,129	$860,061	$(11,744)	$848,317	$863,670	

(1) Carry Forward is Net of Reserve Requirement			
Interest Due 11/1/27	
$320,896.88	

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

05/01/26	12,310,000	4.750%	210,000	331,228		
11/01/26	12,100,000	4.750%	-	326,241	867,468.75	
05/01/27	12,100,000	4.750%	225,000	326,241		
11/01/27	11,875,000	4.750%	-	320,897	872,137.50	
05/01/28	11,875,000	5.000%	235,000	320,897		
11/01/28	11,640,000	5.000%	-	315,022	870,918.75	
05/01/29	11,640,000	5.000%	245,000	315,022		
11/01/29	11,395,000	5.000%	-	308,897	868,918.75	
05/01/30	11,395,000	5.000%	260,000	308,897		
11/01/30	11,135,000	5.000%	-	302,397	871,293.75	
05/01/31	11,135,000	5.000%	270,000	302,397	-	
11/01/31	10,865,000	5.000%	-	295,647	868,043.75	
05/01/32	10,865,000	5.000%	285,000	295,647		
11/01/32	10,580,000	5.000%	-	288,522	869,168.75	
05/01/33	10,580,000	5.375%	300,000	288,522		
11/01/33	10,280,000	5.375%	-	280,459	868,981.25	
05/01/34	10,280,000	5.375%	315,000	280,459		
11/01/34	9,965,000	5.375%	-	271,994	867,453.13	
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			$12,310,000	$11,185,316	$23,495,316	
Updated after 11/1/2025 Call

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

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	3/31/26		6 Months		9/30/26	FY 2027	

REVENUES:						
Special Assessments-On Roll	$227,113	$211,715	$15,398	$227,113	$227,113	
Interest Earnings	-	5,601	2,500	8,101	-	
Carry Forward Surplus (1)	124,972	108,401	-	108,401	117,278	
TOTAL REVENUES	$352,085	$325,717	$17,898	$343,615	$344,390	

EXPENDITURES:						
Interest - 11/01	$88,169	$88,169	$-	$88,169	$86,981	
Interest - 05/01	88,169	-	88,169	88,169	86,981	
Principal - 05/01	50,000	-	50,000	50,000	50,000	
TOTAL EXPENDITURES	$226,338	$88,169	$138,169	$226,338	$223,963	

Other Sources/(Uses)						
Interfund transfer In/(Out)	$-	$-	$-	$-	$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$226,338	$88,169	$138,169	$226,338	$223,963	
						
EXCESS REVENUES (EXPENDITURES)	$125,748	$237,548	$(120,271)	$117,278	$120,428	

(1) Carry Forward is Net of Reserve Requirement			
Interest Due 11/1/27	
85,794	
		
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 2027

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	
FY2027
Total	
FY2026
Total	
Increase/ (Decrease)	

Commercial	1	100000	0.5	50	4.03%	$	12,789.53	$	0.13	$	0.14	$	0.13	$	-	$	0.26	$	0.27	$	(0.00)	
SF 60'	2	79	1.2	94.8	7.65%	$	24,248.94	$	306.95	$	326.54	$	851.86	$	1,035.94	$  2,214.35	$ 2,215.91	$	(1.56)	
SF 55'	2	79	1.1	86.9	7.01%	$	22,228.19	$	281.37	$	299.33	$	780.88	$	947.40	$  2,027.60	$ 2,029.03	$	(1.43)	
Bungalow 30-35	2	60	0.65	39	3.15%	$	9,975.83	$	166.26	$	176.88	$	461.43	$	602.11	$  1,240.42	$ 1,241.26	$	(0.85)	
TH 20'	2	95	0.4	38	3.07%	$	9,720.04	$	102.32	$	108.85	$	283.95	$	513.67	$	906.47	$	906.99	$	(0.52)	
MF	3.1	374	0.4	149.6	12.07%	$	38,266.26	$	102.32	$	108.85	$	360.07	$	-	$	468.92	$	469.44	$	(0.52)	
Office	3.2	75000	0.5	37.5	3.03%	$	9,592.14	$	0.13	$	0.14	$	0.13	$	-	$	0.26	$	0.27	$	(0.00)	
Commercial	3.3	25000	0.5	12.5	1.01%	$	3,197.38	$	0.13	$	0.14	$	0.13	$	-	$	0.26	$	0.27	$	(0.00)	
SF 60'	4	70	1.2	84	6.78%	$	21,486.40	$	306.95	$	326.54	$	1,298.54	$	-	$  1,625.08	$ 1,626.64	$	(1.56)	
Bungalow 30-35	4	98	0.65	63.7	5.14%	$	16,293.85	$	166.26	$	176.88	$	703.37	$	-	$	880.25	$	881.10	$	(0.85)	
TH 25'	4	100	0.5	50	4.03%	$	12,789.53	$	127.90	$	136.06	$	541.06	$	-	$	677.12	$	677.77	$	(0.65)	
Industrial	5	1500000	0.2	300	24.21%	$	76,737.15	$	0.05	$	0.05	$	0.12	$	-	$	0.17	$	0.17	$	(0.00)	
MF	6	304	0.4	121.6	9.81%	$	31,104.13	$	102.32	$	108.85	$	360.07	$	-	$	468.92	$	469.44	$	(0.52)	
Commercial	6.1	150000	0.5	75	6.05%	$	19,184.29	$	0.13	$	0.14	$	0.13	$	-	$	0.26	$	0.27	$	(0.00)	
SF 60'	9	10	1.2	12	0.97%	$	3,069.49	$	306.95	$	326.54	$	1,993.03	$	-	$  2,319.57	$ 2,321.13	$	(1.56)	
SF 55'	9	10	1.1	11	0.89%	$	2,813.70	$	281.37	$	299.33	$	1,824.60	$	-	$  2,123.93	$ 2,125.36	$	(1.43)	
Bungalow 30-35	9	21	0.65	13.65	1.10%	$	3,491.54	$	166.26	$	176.88	$	1,122.82	$	-	$  1,299.69	$ 1,300.54	$	(0.85)	

1851300	1239.25	1 $	316,988.38

On-Roll	$  193,479.94	
Direct Bill	$  123,508.44	

Ridge at Apopka
Community Development District
Non-Ad Valorem Assessments Comparison FY 2027

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