Adopted Budget Fiscal Year 2019

Rolling Hills Community Development District

August 14, 2018

Rolling Hills

Total Revenues

 	$562,931

Expenditures
Administrative

Community Development District	General Fund

	Adopted
Budget	Actual
thru		Projected
Next		Total
Projected		Adopted
Budget	
Description	 	FY2018		   6/30/2018 		    3 Months 		  Thru 9/30/18 		 	FY2019		
Revenues									
Assessments - On Roll	$268,780	$270,559		$0		$270,559		$348,975	
Assessments - Direct Platted	$241,651	$120,826		$120,826		$241,651		$286,605	
Assessments - Direct Planned	$44,240	$33,180		$11,060		$44,240		$0	
Swim & Tennis Revenue	$800	$0		$400		$400		$800	
Facility Rental Fees	$3,500			$600		$3,595		$3,500	
Non-Resident Memberships	$3,960	$0	$1,980	$1,980	$1,980	
Misc Income	$0		$0	$98	$0	

$98

 	$427,658	 	$134,866	 	$562,426 	$641,860

$459

Supervisor Fees	$6,000	$3,200	$400	$3,600	$6,000

Engineering	$10,000	$1,188	$5,000	$6,188	$10,000	
Arbitrage	$1,200	$600	$0	$600	$1,200	
Dissemination Agent	$3,500	$2,625		$3,500	$3,500	
Assessment Roll	$5,000	$5,000	$0	$5,000	$5,000	
Attorney	$22,500	$4,997	$1,666	$6,663	$22,500	
Annual Audit	$5,000	$3,850	$0	$3,850	$5,000	
Trustee	$8,081	$8,081	$0	$8,081	$8,081	
Management Fees	$39,140	$29,355	$6,523	$35,878	$40,000	
Computer Time	$1,000	$750	$250	$1,000	$1,000	
Telephone	$150	$153	$51	$204	$150	
Postage	$500	$144	$48	$192	$500	
Printing & Binding	$1,250	$1,503	$501	$2,004	$1,250	
Travel & Per Diem	$100		$18	$110	$100	
Insurance	$7,047	$6,406	$0	$6,406	$7,047	
Legal Advertising	$1,000	$0	$1,557	$1,000	
Other Current Charges	$1,500	$1,171	$390	$1,561	$1,500	
Office Supplies	$100	$72	$24	$96	$100	
Dues, Licenses & Subscriptions	$175	$175	$0		$175	
Administrative Expenses	 	$113,702		 	$71,164		 	$15,777		 	$86,941		 	$114,562	
Field										
Operations Management	$19,055	$14,291	$4,764	$19,055	$19,627	
Utilities - Irrigation & Streetlights	$25,000	$22,111	$7,370	$29,481	$25,000	
Repairs & Maintenance	$40,000	$26,812	$8,937	$35,749	$40,000	
Landscape	$64,800	$48,600	$16,200	$64,800	$64,800	
Landscape - Contingency	$5,000	$4,789	$1,596	$6,385	$15,000	
Fertilization, Weed & Pest Control	$7,850	$5,299	$1,766	$7,065	$7,850	
Mulch	$13,500	$10,260	$3,420	$13,680	$13,500	
Lake Maintenance	$4,800	$3,600	$1,200	$4,800	$4,800	
Irrigation Repairs	$4,000	$614	$205	$819	$4,000	
Miscellaneous	$633	$171		$228	$633	

FICA Expense	$459	$245	$276

$875

$92

$1,557

$175

Field Expenses	 	$184,638	 	$136,547	 	$45,516	 	$182,062 	$195,210

Rolling Hills
Community Development District

General Fund

Description	

Adopted Budget
 	FY2018	

Actual thru 6/30/2018

Projected Next
3 Months

Total Projected Thru 9/30/18

Adopted Budget
 	FY2019	

Amenity Center Facility Management Pool Attendants Refuse Service Security
Utilities
Recreation Passes Repairs & Maintenance Janitorial
Pool Maintenance Special Events Operating Supplies Pool Chemicals Permit
Insurance Capital Reserve
Amenity      Center Total    Expenses ASSIGNED FUND BALANCE

$50,460
$40,000
$5,500
$15,000
$48,000
$1,000
$30,000
$12,840
$13,650
$4,000
$6,000
$11,000
$375

$1,957		$0		$0		$60,000	
 	$264,591		 	$170,374		 	$78,838	$249,212	$331,948	
 	$562,931		 	$378,085		 	$140,131	 	$518,216	 	$641,720	
 	$0		 	$49,573		 	-$5,265	 	$44,210	 	$140	

$24,809

$37,845	$12,615
$6,614	$28,000
$6,730	$2,243
$9,730	$3,243
$27,394	$9,131
$0	$0
$24,034	$8,011
$9,630	$3,210
$10,313	$3,413
$3,017	$1,006
$5,210	$1,737

$375

$5,854	$5,854
$375
$23,628

$50,460
$34,614
$8,973
$12,973
$36,525
$0
$32,045
$12,840
$13,726
$4,023
$6,947
$11,708
$750
$23,628

$51,974
$40,000
$8,300
$15,000
$45,000
$1,000
$40,000
$12,840
$13,650
$4,000
$6,000

$375

$9,000
$24,809

Platted Lots:
Assessments - Platted Lots On Roll

FY2018
322

FY2019

Net Assessment Rate Total Net Assessments
Gross Assessment (6% Discount) Gross Assessment - Per Unit
Assessments - Platted Lots Direct
NetAssessment Rate Total Net Assessments
Gross Assessment (6% Discount) Gross Assessment - Per Unit

Assessments - Direct Billed	386	386	
Net Assessment Rate per Unit (75%)	$626.04	$742.50	
Total Net Assessments	$241,651.44	$286,605.00	
Gross Assessment (6% Discount)	$251,317.50	$298,069.20	
Gross Assessment - Per Unit	$651.08	$772.20	

Planned Lots:

$834.72
$268,779.84
$285,936.00
$888.00

53
$834.72
$44,240.16
$47,064.00
$888.00

$930.60
$348,975.00
$371,250.00
$990.00
o
$930.60
$0.00
$0.00
$990.00

2

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2019

REVENUES:
Assessments - Platted Lots
The District will assess the platted lots within the District to fund a portion of the District's operating budget for the fiscal year.
Assessments - Planned Units

The District will assess the undeveloped property at rate of 75% of Platted logs based on reduced benefits of undeveloped land.
Swim & Tennis Revenue
Fees collected for swim lessons, guest fees, room rentals and programs.
Facility Rental Fees
The residents may rent the facilities for personal use.
Non-Resident Membership Fees

Non-Resident have the opportunity to purchase access to the Amenity Center facilities. The annual cost is $1,980.

EXPENDITURES:
Administrative:
SupeNisors Fees

The District may compensate supervisors up to $200 per meeting with a maximum amount of $4,800 per year.
FICA Expense
Represents District's share of Social Security and Medicare Taxes withheld from supervisor's fees.
Engineering

The District will contract with an engineering firm to provide general engineering services to the District, including attendance and preparation for monthly board meetings, review invoices, etc.
Arbitrage

The District is required to annually have an arbitrage rebate calculation on the District's Series 2015 A1IA2/A3, Capital Improvements Revenue Bonds. The District will contract with a certified public accounting firm to calculate the rebate liability and submit reports to the District.
3

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2019

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 unrelated bond issues. The District has contracted with GMS, LLC to provide this service.
Assessment Roll
The District has contracted with Governmental Management Services for the certification of the District's annual maintenance and debt service assessments to the County Tax Collector.
Attorney
The District's legal counsel, Hopping Green & Sams, will be providing general legal services to the District, including attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.
Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Berger, Toombs, Elam, Gaines & Frank currently serves as the District's Independent Auditor.
Trustee

The District issued $2,500,000 of Series 2015A-1, $1,930,000 of Series 2015A-2, $3,850,000 of Series 2015A-3 and $2,245,000 of Series 2015B Capital Improvement Revenue Refunding Bonds which are held by a Trustee at U.S. Bank.
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC.
Travel & Per Diem
Represents mileage reimbursement to Supervisors for use of their private vehicle to travel to Board of Supervisors meetings.
Computer Time
The District processes all of its financial activities, including accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services, LLC.
Telephone
Telephone and fax machine.

4

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2019

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.
Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.
Insurance-Liability
The District's General Liability & Public Officials Liability Insurance policy is with Preferred Governmental Insurance Trust (PGIT). PGIT 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 the Florida Times Union.
Other Current Charges
Bank charges and any other miscellaneous expenses incurred during the year.
Office Supplies
Miscellaneous office supplies.
Dues. Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Field:
Operations Management
The District has contracted with Riverside Management Services to provide oversight of daily operations of the common areas, irrigation and maintenance contracts.
Landscape Maintenance

This represents landscape maintenance of all the District property, to include mowing, weeding, trimming, pruning etc. The District is contracted with Sullivan Lawn Care, LLC.
Landscape Contingency

Represents a contingency for mulch installation, sod repairs/replacement, plant replacements and new common areas to maintain.
5

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2019

Utilities- Irrigation and Streetlights

The District has utility accounts with the following providers for irrigation and lighting:

Account Number	Description	Monthly	Annually	

Clay Electric Company				
7182249	2404-1 Rolling View Blvd.	$	55	$	660	
7755259	3236-1 Bradley Creek Dr	$	30	$	360	
7755275	3314-1 Bradley Creek Dr	$	25	$	300	
7755283	2448 Rolling View Blvd	$	65	$	780	

Clay County UtilityAuthority	
244686	3212-1 Bradley Creek Reclam	$	605	$	7,260	
244869	3212-2 Bradley Creek Reclam	$	600	$	7,200	
256584	3215-2 Bradley Creek Reclam	$	175	$	2,100	
266438	33121 Ridgeview Drive Irrigation	$	65	$	780	
253042	3212-3 Bradley Creek Irrigation	$	415	$	4,980	
Conting_ency			$	560	
JTotal		$	25.ooo I	

Fertilization, Weed, & Pest Control
The District has contracted with TruGreen for monthly pest control, fertilization and weed control services.
Lake Maintenance
The District has contracted with The Lake Doctors for more aquatic plant management of the community's lakes. Services provide labor, equipment, herbicides and technology to control invasive plants and algae.
Miscellaneous

Any unforeseen expense that is not included in the previous categories.

6

Amenity Center:

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2019

Facility Management

The District has contracted with Riverside Management Services to staff the amenity center and manage the day to day operations in accordance with their contract.
Pool Attendants

The District has contracted with Riverside Management Services to provide pool attendants for the District's water slide, safety and enforcement of pool rules adopted by the District.
Refuse Service

The District has contracted with Waste Management for the refuse container removal. The contract is for one 2 yard front load dumpster to be emptied once a week.
Security

The District has contracted with the Clay County Sheriff's Office to provide part time security covering the community.
Utilities- Electric. Water. Cable. Internet & Telephone

Account Number

Description

Monthly

Annually

 	$ 4a,ooo.oo 1

The District has the following utility accounts for the Amenity Center:

Clay Electric Cooperative	
7751951	3212 Bradley Creek Dr	$	3,500.00	$ 42,000.00	

Clay County Utility Authority	
00260347	3212-4 Bradley Creek Dr	$	250.00	$	3,000.00	
Comcast
8495741231221030	
Cable/Internet/Telephone	
$	250.00	
$	3,000.00	

7

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2019

Repairs and Maintenance

The District will incur various cost associated with the overall maintenance of the District's amenity center to include:
•A/C unit quarterly maintenance by Mechanical Solutions
•Light repairs and new bulbs/ballasts
•Annual installation
•Quarterly pressure wash all facility areas
•Pumps and motor maintenance and repairs
•Painting

Janitorial

The District has contracted with Riverside Management Services for the monthly cleaning of the clubhouse.
Pool Maintenance

The District has contracted with Riverside Management Services for the weekly cleaning and maintenance of the pools.
Special Events
The District will host certain special events throughout the year for the residents of the community.
Operating Supplies
Any supplies and chemicals needed for the daily upkeep and operation of the Amenity Center.
Pool Chemicals
The District purchases all necessary chemicals from Hawkins, Inc. for the swimming pool.
Permits
Represents cost for the various permits required for the operation of the amenity center.
Insurance - Property
The District's Property Insurance policy is with Preferred Governmental Insurance Trust (PGIT). PGIT specializes in providing insurance coverage to governmental agencies.

8

Rolling Hills
Community Development District	Debt Service Fund
Series 2015 A1

Adopted	Actual	Projected		Total	Adopted Budget		thru		Next	Projected		Budget
Description	FY2018	6/30/2018	3 Months	Thru 9/30/18	FY2019 Revenues

Assessments	$182,400	$175,152

$175,152	$182,400

Other Revenue Sources	$0	$0	$0	$0	$0

Interest Income

$318	$50	$368	$0

Carry Forward Surplus	$104,747	$63,705	$0	$63,705	$67,429
Total Revenues	$182,400	$239,175	$239,225	$249,829

Expenditures

Series 2015 A-1

Interest 11/1	$56,667	$55,898	$0	$55,898	$54,698
Interest 511	$60,000	$60,000	$0	$60,000	$60,000

Principal 511	$56,667	$55,898

$55,898	$54,698

Total Debt Service Expenditures	$173,334	$171,796		$0	$171,796	$169,396 EXCESS REVENUES / (EXPENDITURES)		$9,066		$67,379	$50		$67,429		$80,433
11/1/19 Interest $	53,468.13

9

Rolling Hills Community Development District Series 2015 A-1 Special Assessment Bonds
AMORTIZATION SCHEDULE

DATE	RATE	INTEREST

55,898.13		
54,698.13	$	1 70,596.26	
54,698.13		
53,468.13 	$	168,166.26	
53,468.13 		
52,070.63	$	1 70,538.76	
52,070.63		
50,460.63	$	1 72,531 .26	
50,460.63		
48,538.75	$	1 73,999.38	
48,538.75		
46,488.75	$	1 75,027.50	
46,488.75		
44,310.63	$	1 75,799.38	
44,310.63		
41 ,876.25	$	181,186.88	
41 ,876.25		
39,313.75	$	181,190.00	
39,313.75		
36,452.50	$	1 80,766.25	
36,452.50		
33,318.75	$	1 84,771.25	
33,318.75		
30,048.75	$	1 83,367.50	
30,048.75		
26,642.50	$	181 ,691.25	
26,642.50		
23,100.00	$	1 79,742.50	
23,100.00		
1 9,740.00	$	162,840.00	
1 9,740.00		
16,240.00	$	160,980.00	
16,240.00		
12 ,460.00	$	163,700.00	
12,460.00		
8,540.00	$	161 ,000.00	
8,540.00		
4,340.00	$	162,880.00	
4,340.00	$	1 59,340.00	
1,340,114.43	$	3,450,114.43 1	

05/01/18	$	2,11 0,000.00	4.00%	$	60,000.00     $
1 1/01/18	$	2,050,000.00	4.00%	$
05/01/19	$	2,050,000.00	4.10%	$	60,000.00    $
1 1/01/19	$	1 ,990,000.00	4.10%	$
05/01/20	$	1,990,000.00	4.30%	$	65,000.00    $
11 /01/20	$	1 ,925,000.00	4.30%	$
05/01/21	$	1 ,925,000.00	4.60%	$	70,000.00    $
1 1/01/21	$	1 ,855,000.00	4.60%	$
05/01/22	$	1 ,855,000.00	5.13%	$	75,000.00     $
1 1/01/22	$	1 ,780,000.00	5.13%	$
05/01/23	$	1 ,780,000.00	5.13%	$	80,000.00     $
11 /01/23	$	1 ,700,000.00	5.13%	$
05/01/24	$	1,700,000.00	5.13%	$	85,000.00     $
1 1/01/24	$	1,615,000.00	5.13%	$
05/01/25	$	1,61 5,000.00	5.13%	$	95,000.00     $
1 1/01/25	$	1 ,520,000.00	5.13%	$
05/01/26	$	1 ,520,000.00	5.13%	$	1 00,000.00   $
11 /01/26	$	1 ,420,000.00	5.13%	$
05/01/27	$	1 ,420,000.00	5.45%	$	1 05,000.00   $
1 1/01/27	$	1,315,000.00	5.45%	$
05/01/28	$	1 ,315,000.00	5.45%	$	115,000.00   $

05/01/29	$	1, 200,000.00	5.45%	
1 1/01/29	$	1, 080,000.00	5.45%	
05/01/30	$	1, 080,000.00	5.45%	
11 /01/30	$	955,000.00	5.45%	
05/01/31	$	955,000.00	5.45%	
1 1/01/31	$	825,000.00	5.45%	
05/01/32	$	825,000.00	5.60%	
1 1/01/32
05/01/33	$	705,000.00
$	705,000.00	5.60%
5.60%	
1 1/01/33	$	580,000.00	5.60%	
05/01/34	$	580,000.00	5.60%	

1 1/01/28	$	1 ,200,000.00	5.45%	$
$	120,000.00    $
$
$	125,000.00    $
$
$	130,000.00    $
$
$	1 20,000.00    $
$
$	125,000.00    $
$
$	135,000.00    $
11 /01 /34	$	445,000.00	5.60%	$
05/01/35	$	445,000.00	5.60%	$	140,000.00   $
1 1/01/35	$	305,000.00	5.60%	$
05/01/36	$	305,000.00	5.60%	$	150,000.00   $
1 1/01/36	$	1 55,000.00	5.60%	$
05/01/37	$	1 55,000.00	5.60%	$	155,000.00    $
$	2,1 10,000.00 $
**Revised as of 11 /1/2017
10 

Rolling Hills
Community Development District	Debt Service Fund
Series 2015 A2, 2015 B

Actual	Projected	Total	Approved

Description

Adopted Budget FY2018

Revenues

thru	Next	Projected	Budget
   613012018	 3 Months	 Thru 9/30118	 	FY2019	

Assessments	$151 ,200	$152,201	$0	$152,201	$151 ,200
Direct Assessments	$0	$0	$0	$0	$0
Prepayments - B	$0	$1 64,943	$0	$1 64,943	$0
Interest Income	$0	$354	$0	$354	$0
Carry Forward Surplus	$57,519	$55,012	$0	$55,012	$43,926

$208,719

$372,510

$0

$372,510

$195,126

Total Revenues

Expenditures

Series 2015 A-2
lnterest - 11/1	$49,356	$49,356	$0	$49,356	$43,303
Principal - 5/1	$55,000	$55,000	$0	$55,000	$45,000
Interest - 5/1	$49,356	$49,228	$0	$49,228	$43,303
Special Calls	$0	$175,000	$0	$175,000	$0

$153,713

$55,007

$328,584

$43,926

$0

$0

$328,584

$43,926

$131 ,606

$63,520

Total Debt Service Expenditures

EXCESS REVENUES / (EXPENDITURES)

11/1/19 Interest - 2015 A-2 $	42,150.00

11 

Rolling Hills

DATE	RATE	INTEREST	
1 1/01/18	$	1 ,605,000.00	5.13%		$	43,303.13 	$	
05/01/19	$	1,605,000.00	5.13%	$	45,000.00	$	43,303.13 		
11/01/19	$	1,560,000.00	5.13%		$	42,150.00	$	
05/01/20	$	1 ,560,000.00	5.13%	$	50,000.00	$	42,150.00		

Community Development District Series 2015 A-2 Special Assessment Bonds AMORTIZATION SCHEDULE

43,303.13

1 30,453.13

11/01/20	$	1,510,000.00	5.13%	$	40,868.75   $	133,018.75

1 1/01/21	$	1 ,460,000.00	5.13%		
05/01/22	$	1 ,460,000.00	5.13%	$	
1 1/01/22	$	1 ,405,000.00	5.13%		
05/01/23	$	1,405,000.00	5.13%	$	
1 1/01/23	$	1 ,350,000.00	5.13%		
05/01/24	$	1,350,000.00	5.13%	$	
1 1/01/24	$	1,290,000.00	5.13%		
05/01/25	$	1 ,290,000.00	5.13%	$	
1 1/01/25	$	1 ,225,000.00	5.13%		
05/01/26	$	1 ,225,000.00	5.13%	$	
11/01/26	$	1,160,000.00	5.13%		
05/01/27	$	1,160,000.00	5.50%	$	
11/01/27	$	1, 080,000.00	5.50%		
05/01/28	$	1, 080,000.00	5.50%	$	
11/01/28	$	995,000.00	5.50%		
05/01/29	$	995,000.00	5.50%	$	
11/01/29	$	905,000.00	5.50%		
05/01/30	$	905,000.00	5.50%	$	
1 1/01/30	$	815,000.00	5.50%		
05/01/31	$	815,000.00	5.50%	$	
1 1/01/31	$	715,000.00	5.50%		
05/01/32	$	715,000.00	5.50%	$	
1 1/01/32	$	610,000.00	5.50%		
05/01/33	$	610,000.00	5.50%	$	
1 1/01/33	$	500,000.00	5.50%		
05/01/34	$	500,000.00	5.50%	$	
11 /01 /34	$	385,000.00	5.50%		
05/01/35	$	385,000.00	5.50%	$	
11 /01 /35	$	265,000.00	5.50%		
05/01/36	$	265,000.00	5.50%	$	
11 /01/36	$	1 35,000.00	5.50%		
05/01/37	$	1 35,000.00	5.50%	$

$	

05/01/21	$	1,510,000.00	5.13%	$	50,000.00   $	40,868.75
$	39,587.50   $	130,456.25
55,000.00  $	39,587.50
$	38,178.13  $	132,765.63
55,000.00   $	38,178.13
$	36,768.75   $	129,946.88
60,000.00   $	36,768.75
$	35,231.25   $	1 32,000.00
65,000.00   $	35,231.25
$	33,565.63   $	1 33,796.88
65,000.00   $	33,565.63
$	31 ,900.00   $	1 30,465.63
80,000.00  $	31 ,900.00
$	29,700.00   $	141 ,600.00
85,000.00  $	29,700.00
$	27,362.50   $	142,062.50
90,000.00  $	27,362.50
$	24,887.50   $	142,250.00
90,000.00  $	24,887.50
$	22,412.50   $	1 37,300.00
100,000.00  $	22,412.50
$	19,662.50   $	142,075.00
105,000.00  $	19,662.50
$	16,775.00   $	141 ,437.50
110,000.00  $	16,775.00
$	13,750.00   $	140,525.00
115,000.00  $	13,750.00
$	10,587.50   $	1 39,337.50
120,000.00  $	10,587.50
$	7,287.50   $	1 37,875.00

3,712.50	$	141 ,000.00	
3,712.50	$	138,712.50	
1,035,381.28	$	2,640,381.28 1	

130,000.00  $	7,287.50
$
1 35,000.00  $

1,605,000.00 $

** Revised after 5/1/18 call

12 

Rolling Hills
Community Development District

Debt Service Fund
Series 2015 A3

Description Revenues
Assessments Interest Income
Carry Forward Surplus
Total Revenues

Adopted Budget FY2018

Actual	Projected	Total
thru	Next	Projected
    6/30/2018	 	3 Months		Thru 9/30/1 8

Adopted Budget
 	FY2019	

$343,600
$0
$171 ,290

$514,890

$240,520
$152
$1 29,800

$370,472

$1 03,080
$20
$0

$103,100

$343,600
$172
$129,800

$473,572

$343,600
$0
$131,317

$474,917

Expenditures

Series 2015 A 3

Interest 1 1/1 Interest 5/1 Principal 5/1
Total Debt Service Expenditures

EXCESS REVENUES / (EXPENDITURES)

$126,128
$90,000
$126,128

$342,256

$172,634

$126,128
$90,000
$126,128

$342,255

$28,217

$0
$0
$0

$0

$103,100

$126,128
$90,000
$126,128

$342,255

$131,317

$123,1 13
$1 00,000
$123,113 

$346,225

$128,692

11/1/19 Interest	$	119,762.50

13 

Rolling Hills Community Development District Series 2015 A 3 Special Assessment Bonds
AMORTIZATION SCHEDULE

DATE	RATE	INTEREST
05/01/16	$	3,850,000.00	6.70%	$	$	128,975.00
11/01/16	$	3,850,000.00	6.70%	$	128,975.00   $	257,950.00
05/01/17	$	3,850,000.00	6.70%	$	85,000.00   $	128,975.00
1 1/01/17	$	3,765,000.00	6.70%	$	126,127.50  $	340,102.50
05/01/18	$	3,765,000.00	6.70%	$	90,000.00  $	126,127.50
1 1/01/18	$	3,675,000.00	6.70%	$	123,112.50  $	339,240.00
05/01/19	$	3,675,000.00	6.70%	$	1 00,000.00  $	123,112.50
1 1/01/19	$	3,575,000.00	6.70%	$	11 9,762.50  $	342,875.00
05/01/20	$	3,575,000.00	6.70%	$	1 05,000.00  $	119,762.50
11/01/20	$	3,470,000.00	6.70%	$	116,245.00    $	341,007.50
05/01/21	$	3,470,000.00	6.70%	$	115,000.00  $	116,245.00
1 1/01/21	$	3,355,000.00	6.70%	$	112,392.50  $	343,637.50
05/01/22	$	3,355,000.00	6.70%	$	120,000.00  $	112,392.50
1 1/01/22	$	3,235,000.00	6.70%	$	108,372.50   $	340,765.00
05/01/23	$	3,235,000.00	6.70%	$	130,000.00  $	108,372.50
11/01/23	$	3,1 05,000.00	6.70%	$	104,017.50  $	342,390.00
05/01/24	$	3,1 05,000.00	6.70%	$	140,000.00  $	104,017.50
1 1/01/24	$	2,965,000.00	6.70%	$	99,327.50   $	343,345.00
05/01/25	$	2,965,000.00	6.70%	$	1 50,000.00  $	99,327.50
1 1/01/25	$	2,81 5,000.00	6.70%	$	94,302.50    $	343,630.00
05/01/26	$	2,815,000.00	6.70%	$	160,000.00  $	94,302.50
1 1/01/26	$	2,655,000.00	6.70%	$	88,942.50   $	343,245.00
05/01/27	$	2,655,000.00	6.70%	$	170,000.00  $	88,942.50
1 1/01/27	$	2,485,000.00	6.70%	$	83,247.50   $	342,190.00
05/01/28	$	2,485,000.00	6.70%	$	180,000.00  $	83,247.50

05/01/29	$	2,305,000.00	6.70%	
11 /01/29	$	2,110,000.00	6.70%	
05/01/30	$	2,110,000.00	6.70%	
1 1/01/30
05/01/31	$	1 ,905,000.00
$	1 ,905,000.00	6.70%
6.70%	
1 1/01/31	$	1 ,685,000.00	6.70%	
05/01/32	$	1 ,685,000.00	6.70%	
11 /01/32
05/01/33	$	1 ,450,000.00
$	1 ,450,000.00	6.70%
6.70%	

1 1/01/28	$	2,305,000.00	6.70%	$	77,217.50   $	340,465.00
$	1 95,000.00  $	77,217.50
$	70,685.00   $	342,902.50
$	205,000.00  $	70,685.00
$	63,817.50   $	339,502.50
$	220,000.00  $	63,817.50
$	56,447.50   $	340,265.00
$	235,000.00  $	56,447.50
$	48,575.00   $	340,022.50
$	250,000.00  $	48,575.00
1 1/01/33	$	1,200,000.00	6.70%	$	40,200.00   $	338,775.00
05/01/34	$	1 ,200,000.00	6.70%	$	270,000.00  $	40,200.00
1 1/01/34	$	930,000.00	6.70%	$	31,155.00    $	341,355.00
05/01/35	$	930,000.00	6.70%	$	290,000.00  $	31,155.00
11 /01/35	$	640,000.00	6.70%	$	21 ,440.00   $	342,595.00
05/01/36	$	640,000.00	6.70%	$	310,000.00  $	21 ,440.00
1 1/01/36	$	330,000.00	6.70%	$	11 ,055.00  $	342,495.00
05/01/37	$	330,000.00	6.70%	$	330,000.00  $	11 ,055.00  $	341,055.00
$	3,850,000.00     $	3,579,810.00    $	1,429,s10.oo I

14