Adopted Budget
Fiscal Year 2018

Rolling Hills Community Development District

September 25, 2017

Rolling Hills

Budget	thru	Next	Projected	Budget	
 	FY2017		7/31/2017	2 Months	Thru 9/30/17	FY2018	

Community Development District	General Fund

Description Revenues
Assessments - On Roll Assessments - Direct Platted Assessments - Direct Planned Developer Contributions
Swim & Tennis Revenue Facility Rental Fees
Non-Resident Memberships
Total Revenues

Adopted	Actual	Projected	Total	Adopted

$320,107	$323,442	$0	$323,442	$268,780	
$0	$0	$0	$0	$241,651	
$0	$0	$0	$0	$44,240	
$217,007	$49,307	$103,600	$152,907	$0	
$800
$3,500	$4,431	$400
$500	$400	$800
$3,500	
$3,960		$0		$1,980	$1,980	$3,960	
 	$545,374		 	$377,180		 	$106,480	 	$483,660	 	$562,931	

Expenditures
Administrative Supervisor Fees FICA Expense Engineering Arbitrage
Dissemination Agent Assessment Roll Attorney
Annual Audit Trustee Management Fees Computer Time Telephone Postage

$39

$47

Printing & Binding Travel & Per Diem

$8	$150

Insurance	$6,908	$6,908	$0	$6,908	$7,047

$175

$8,000	$2,600	$1,000	$3,600	$6,000	
$612	$199	$77	$275	$459	
$10,000	$0	$5,000	$5,000	$10,000	
$1,200	$3,000	$0	$3,000	$1,200	
$3,500	$2,917	$583	$3,500	$3,500	
$5,000	$5,000	$0	$5,000	$5,000	
$22,500	$8,788	$2,929	$11,717	$22,500	
$5,000	$3,700	$0	$3,700	$5,000	
$5,000	$8,081	$0	$8,081	$8,081	
$38,000	$31,667	$6,333	$38,000	$39,140	
$1,000	$833
$150	$167	$1,000	$1,000	
$500	$144	$29	$172	$500	
$1,250	$1,299	$260	$1,558	$1,250	
$0	$91	$18	$109	$100	

Legal Advertising	$3,000		$467		$93		$560	$1,000 Other Current Charges	$1,000	$1,201	$240	$1,441	$1,500 Office Supplies		$100			$66		$13			$79		$100

Dues, Licenses & Subscriptions	$175	$175	$0

$175

Administrative Expenses	$112,895	$77,173	$16,750	$93,923	$113,702 Field
Operations Management	$18,500	$15,417		$3,083	$18,500	$19,055 Utilities - Irrigation & Streetlights	$32,000	$20,767		$4,153	$24,920	$25,000 Repairs & Maintenance	$40,000	$25,501		$5,100	$30,601	$40,000 Landscape	$50,000	$50,000	$10,000	$60,000	$64,800
Landscape - Contingency	$10,100	$7,060	$1,412	$8,472		$5,000 Fertilization, Weed & Pest Control		$7,850	$7,150	$1,430	$8,580		$7,850 Mulch			$0		$0			$0		$0	$13,500 Lake Maintenance		$5,300	$4,000		$800	$4,800		$4,800
Irrigation Repairs	$4,000	$2,705	$3,246	$4,000
Miscellaneous	$2,500	$0	$0	$0	$633
Field Expenses	 	$170,250	 	$132,599	 	$26,520	 	$159,119	 	$184,638

Rolling Hills
Community Development District

General Fund

 Description	

Facility Management	$48,990	$40,825	$8,165	$48,990	$50,460	
Pool Attendants	$31,888	$14,877	$2,975	$17,853	$40,000	
Refuse Service	$5,500	$5,401	$1,080	$6,481	$5,500	
Security	$15,000	$10,043	$2,009	$12,052	$15,000	
Utilities	$48,000	$36,522	$7,304	$43,826	$48,000	
Recreation Passes	$1,000	$0	$0	$0	$1,000	
Repairs & Maintenance	$25,000	$21,410	$4,282	$25,692	$30,000	
Janitorial	$12,840	$10,700	$2,140	$12,840	$12,840	
Pool Maintenance	$13,650	$11,480	$2,296	$13,776	$13,650	
Special Events	$4,000	$4,029	$806		$4,000	
Operating Supplies	$5,000		$6,062		$1,212		$7,274		$6,000	
Pool Chemicals	$9,600		$10,291		$2,058		$12,350		$11,000	
Permit	$375		$519		$104		$623		$375	
Insurance	$24,809		$23,126		$0		$23,126		$24,809	
Capital Reserve	$15,000		$900		$0		$900		$1,957	
Amenity Center	 	$260,652		 	$196,185		 	$34,432		 	$230,617		$264,591	
Total Expenses	$543,797		$405,958		$77,702		$483,660		$562,931	
ASSIGNED FUND BALANCE	 	$1,577		 	-$28,778		 	$28,778		 	$0		 	$0	

Amenity Center

Adopted Budget
 	FY2017	

Actual thru 7/31/2017

Projected Next
2 Months

Total Projected Thru 9/30/17

Adopted Budget
 	FY2018	

Platted Lots:

Planned Lots:
Assessments - Direct Billed NetAssessment Rate per Unit (75%) Totat       Net      Assessments Gross Assessment (6% Discount) Gross Assessment - Per Unit

386
$626.04
$241,651.44
$251,317.50
$651.08

2

Assessments - Platted Lots On Roll	322	322	
Net-Assessment Rate	$778.32	$834.72	
Total Net Assessments	$250,619.04	$268,779.84	
Gross Assessment (6% Discount)	$285,936.00	$285,936.00	
Gross Assessment - Per Unit	$828.00	$888.00	
Assessments - Platted Lots Direct		53	
NetAssessment Rate		$834.72	
Total Net Assessments		$44,240.16	
Gross Assessment (6% Discount)		$47,064.00	
Gross Assessment - Per Unit		$888.00	

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2018

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 - Administrative

The District will assess the undeveloped property for the administrative portion of the budget allocated to all property owners within the District.
Swim & Tennis Revenue

Fees collected for swim lessons, guest fees, room rentals and programs.

Developer Contributions

The developer will fund the balance of the maintenance expenses which are not funded by assessments.

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:
Supervisors 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.
3

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2018

Arbitrage

The District is required to annually have an arbitrage rebate calculation on the District's Series 2015 A1/A2/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.
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.

4

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2018

Telephone
Telephone and fax machine.
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.

5

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2018

Landscape Contingency

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

Utilities- Irrigation and Streetlights

lrotal

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	$	$	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	3312-1 Ridgeview Drive Irrigation	$	65	$	780	
253042	3212-3 Bradley Creek Irrigation	$	415	$	4,980	
Continfl.enc�			$	560	
 	$	25.ooo 1

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

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2018

Amenity Center:
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 SeNice

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

 	$ 48.ooo.oo I

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/InterneVTelephone	
$	250.00	
$	3,000.00	

7

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2018

Repairs and Maintenance

The District will incur various cost associated with the overall maintenance of the District's amenity center to include:
•NC 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 - Propertv

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		 	FY2017		 7/31/2017	 2 Months	 Thru 9/30/17	 	FY2018	 Revenues
Assessments	$196,356	$184,827	$0	$184,827	$182,400 Other Revenue Sources		$0		$82,037	$0		$82,037		$0

Interest Income	$0	$284

$334	$0

Carry Forward Surplus	$66,297	$225,102	$0	$225,102	$104,747

Total Revenues	 	$196,356	 $492,250	 		 	$492,300	 	$287,147

Expenditures

Series 2015 A-1

Interest 11/1	$63,987	$63,147	$0	$63,147	$56,667
Special Call - 11/1	$130,000	$0	$130,000	$0
Interest 2/1	$0	$101	$0	$101	$0
Special Call - 2/1	$0	$10,000	$10,000	$0
Interest 5/1	$63,987	$59,304	$0	$59,304	$60,000
Principal 5/1		$65,000        $125,000		$0	$125,000	$56,667 Total Debt Service Expenditures	 $192,974      $387,552 		$0      $387,552       $173,334 EXCESS REVENUES / (EXPENDITURES) 			$3,383       $104,697 	$50           $104,747              $113,813
11/1/18 Interest $	55,466.88

9

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

 	DATE	
05/01/17	$

RATE
0.00%

INTEREST

$

$

11 /01/17	$	2,140,000.00	3.75%		
05/01 /18	$	2,140,000.00	4.00%	$	
11 /01/18	$	2,080,000.00	4.00%		
05/01 /19	$	2,080,000.00	4.10%	$	
11/01/19	$	2,020,000.00	4.10%		
05/01/20	$	2,020,000.00	4.30%	$	
11 /01/20	$	1, 955,000.00	4.30%		

$
60,000.00 $
$
60,000.00 $
$
65,000.00 $
$
05/01/21	$	1, 955,000.00	4.60%	$	70,000.00  $

1 ,885,000.00	5.13%	$	85,000.00	$	51 ,229.38		
1 ,800,000.00	5.13%		$	49,051.25	$	
1,800,000.00	s.-13%	$	90,000.00	$	49,051.25		

11 /01/21	$	1,885,000.00	4.60%	$
05/01/22	$
1 1/01/22	$
05/01/23	$

56,666.88	$	56,666.88	
56,666.88		
55,466.88	$	172,1 33.76	
55,466.88		
54,236.88	$	169,703.76	
54,236.88		
52,839.38	$	1 72,076.26	
52,839.38		
51 ,229.38	$	1 74,068.76	

1 85,280.63

11 /01/23	$	1,710,000.00	5.13%	$	46,745.00  $	185,796.25
05/01/24	$	1,710,000.00	5.13%	$	95,000.00  $	46,745.00
11 /01/24	$	1,615,000.00	5.13%	$	44,310.63  $	1 86,055.63
05/01/25	$	1,615,000.00	5.13%	$	95,000.00  $	44,310.63
11 /01/25	$	1,520,000.00	5.1 3%	$	41 ,876.25  $	181,1 86.88
05101/26	$	1,520,000.00	5.13%	$	1 00,000.00  $	41 ,876.25
11 101/26	$	1 ,420,000.00	5.13%	$	39,313.75  $	181,1 90.00
05101/27	$	1,420,000.00	5.45%	$	105,000.00 $	39,313.75
11101/27	$	1 ,315,000.00	5.45%	$	36,452.50  $	1 80,766.25
05101/28	$	1,31 5,000.00	5.45%	$	11 5,000.00  $	36,452.50
11101/28	$	1 ,200,000.00	5.45%	$	33,318.75 $	1 84,771.25
05101129	$	1,200,000.00	5.45%	$	120,000.00 $	33,318.75
11 101129	$	1 ,080,000.00	5.45%	$	30,048.75  $	183,367.50
05/01130	$	1,080,000.00	5.45%	$	125,000.00 $	30,048.75
1 1101/30	$	955,000.00	5.45%	$	26,642.50  $	181 ,691 .25
05101131	$	955,000.00	5.45%	$	130,000.00 $	26,642.50
1 1101131	$	825,000.00	5.45%	$	23,100.00  $	179,742.50
05101132	$	825,000.00	5.60%	$	120,000.00 $	23,100.00
11 101132	$	705,000.00	5.60%	$	19,740.00  $	162,840.00
05101133	$	705,000.00	5.60%	$	1 25,000.00  $	1 9,740.00
1 1101133	$	580,000.00	5.60%	$	16,240.00  $	1 60,980.00
05/01134	$	580,000.00	5.60%	$	1 35,000.00 $	16,240.00
11 101/34	$	445,000.00	5.60%	$	1 2,460.00  $	163,700.00
05101/35	$	445,000.00	5.60%	$	140,000.00 $	1 2,460.00
11 101135	$	305,000.00	5.60%	$	8,540.00  $	161 ,000.00
05101136	$	305,000.00	5.60%	$	150,000.00 $	8,540.00
11 /01/36	$	155,000.00	5.60%	$	4,340.00  $	162,880.00

$

2,14o,Oo0.oo $

1,405,237.56  $	3,545,237.56 1

05/01/37	$	155,000.00	5.60%	$	1 55,000.00 $	4,340.00  $	1 59,340.00
**Revised as of 2/1/2017 
10 

Rolling Hills
Community Development District

Debt Service Fund
Series 2015 A2, 2015 B

 Description	

Revenues
Assessments Direct Assessments Prepayments - B Interest Income
Carry Forward Surplus

Total Revenues

Expenditures

lnterest - 1111

Principal - 5/1

Interest - 5/1
Series 2015 B 111

Series 2015 A-2

Interest
Special Calls
Total Debt Service Expenditures
EXCESS REVENUES / (EXPENDITURES)

 	
Adopted	Actual
Budget	thru
 	FY2017		 7/31/2017 

$153,000	$153,212
$97,820	$0
$0	$1,085,924
$0	$431
$0	$40,994

 	$250,820	 $1 ,280,561

$50,638	$50,638
$50,000	$50,000
$50,638	$50,638

$97,820	$54,767

11 /1/18 Interest - 2015 A 2 $	47,946.88

$0	$1 ,065,000

 	$249,095	 $1 ,271,042

$1 ,725	$9,519

 	
Projected	Total	Approved
Next	Projected	Budget
   2 Months	 Thru 9/30/17	 	FY2018	

$0	$1 53,212	$151,200
$48,000	$48,000	$0
$0	$1,085,924	$0
$0	$431	$0
$0	$40,994	$57,519

 	$48,000	$1 ,328,561	$208,719

$0	$50,638	$49,356
$0	$50,000	$55,000
$0	$50,638	$49,356

$0	$54,767	$0
$0	$1,065,000	$0

 	$0	 $1,271 ,042	 	$153,713

$48,000	$57,519	$55,006

<1> Series 2015B Bonds were paid off on April 27, 2017

11 

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

DATE

RATE

INTEREST

05/01/16	$	1,930,000.00	5.13%	$	45,000.00   $	51 ,790.63
1 1/01/16	$	1 ,885,000.00	5.13%	$	50,637.50    $	147,428.13
05/01/17	$	1 ,885,000.00	5.13%	$	50,000.00   $	50,637.50
11/01/17	$	1 ,835,000.00	5.13%	$	49,356.25    $	149,993.75
05/01/18	$	1,835,000.00	5.13%	$	55,000.00   $	49,356.25
11/01/18	$	1, 780,000.00	5.13%	$	47,946.88    $	152,303.13
05/01/19	$	1,780,000.00	5.13%	$	55,000.00   $	47,946.88
11/01/19	$	1,725,000.00	5.13%	$	46,537.50    $	149,484.38
05/01/20	$	1,725,000.00	5.13%	$	60,000.00   $	46,537.50
11/01/20	$	1 ,665,000.00	5.13%	$	45,000.00    $	151 ,537.50
05/01/21	$	1 ,665,000.00	5.13%	$	60,000.00   $	45,000.00
1 1/01/21	$	1 ,605,000.00	5.13%	$	43,462.50    $	148,462.50
05/01/22	$	1 ,605,000.00	5.13%	$	65,000.00   $	43,462.50
1 1/01/22	$	1,540,000.00	5.13%	$	41,796.88   $	1 50,259.38
05/01/23	$	1,540,000.00	5.13%	$	70,000.00   $	41,796.88
11 /01/23	$	1 ,470,000.00	5.13%	$	40,003.13   $	151 ,800.01
05/01/24	$	1,470,000.00	5.13%	$	70,000.00   $	40,003.13
11 /01/24	$	1,400,000.00	5.13%	$	38,209.38    $	148,212.51
05/01/25	$	1 ,400,000.00	5.1 3%	$	75,000.00   $	38,209.38
11 /01/25	$	1,325,000.00	5.13%	$	36,287.50    $	149,496.88
05/01/26	$	1,325,000.00	5.13%	$	80,000.00   $	36,287.50
11/01/26	$	1,245,000.00	5.13%	$	34,237.50    $	150,525.00
05/01/27	$	1,245,000.00	5.50%	$	85,000.00   $	34,237.50
1 1/01/27	$	1,160,000.00	5.50%	$	31 ,900.00   $	151,1 37.50
05/01/28	$	1,160,000.00	5.50%	$	90,000.00   $	31 ,900.00
11/01/28	$	1 ,070,000.00	5.50%	$	29,425.00    $	151 ,325.00
05/01/29	$	1 ,070,000.00	5.50%	$	95,000.00   $	29,425.00
1 1/01/29	$	975,000.00	5.50%	$	26,812.50    $	151 ,237.50
05/01/30	$	975,000.00	5.50%	$	1 00,000.00   $	26,812.50
1 1/01/30	$	875,000.00	5.50%	$	24,062.50    $	150,875.00
05/01/31	$	875,000.00	5.50%	$	1 05,000.00   $	24,062.50
11 /01/31	$	770,000.00	5.50%	$	21,175.00   $	150,237.50
05/01/32	$	770,000.00	5.50%	$	110,000.00  $	21,175.00
11 /01/32	$	660,000.00	5.50%	$	18,150.00   $	149,325.00
05/01/33	$	660,000.00	5.50%	$	1 20,000.00   $	18,150.00
11 /01/33	$	540,000.00	5.50%	$	14,850.00    $	153,000.00
05/01/34	$	540,000.00	5.50%	$	125,000.00   $	14,850.00
11/01/34	$	415,000.00	5.50%	$	11 ,412.50   $	151 ,262.50
05/01/35	$	415,000.00	5.50%	$	1 30,000.00   $	11 ,412.50
1 1/01/35	$	285,000.00	5.50%	$	7,837.50    $	149,250.00
05/01/36	$	285,000.00	5.50%	$	140,000.00   $	7,837.50
1 1/01/36	$	145,000.00	5.50%	$	3,987.50    $	151 ,825.00

$

1,930,000.00 $

1,377,965.67   $	3,307,965.67 1

05/01/37	$	145,000.00	5.50%	$	145,000.00   $	3,987.50    $	148,987.50

12 

Rolling Hills
Community Development District	Debt  Service Fund

Description	

Revenues	 	FY2017			    7/31/2017 		 	2 Months			Thru 9/30/17		 	FY2018		
Assessments	$343,638		$282,033		$103,091		$385,124		$343,600	
Interest Income	$0		$92		$20		$112 		$0	
Carry Forward Surplus	$128,975		$64,516		$64,488		$129,004		$171 ,290	
Total Revenues	 	$472,613		 	$346,641		 	$167,599		 	$514,240		 	$514,890	
Expenditures										
Series 2015 A-3										
Interest 11 /1	$128,975		$1 28,975		$0		$128,975		$126,128	
Interest 5/1	$85,000		$85,000		$0		$85,000		$90,000	
Principal 5/1	$128,975		$128,975				$128,975		$126,128	
Total Debt Service Expenditures	 	$342,950		 	$342,950		 	$0		 	$342,950		$342,255	
EXCESS REVENUES / (EXPENDITURES)	 	$129,663 		 	$3,691 		$167,599		$171,290		$172,635	

Series 2015 A3

Adopted	Actual	Projected		Total	Adopted Budget		thru		Next	Projected		Budget

11/1/18 Interest	$	123,1 15.50

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
11/01/17	$	3,765,000.00	6.70%	$	126,127.50  $	340,102.50

11/01/18	$	3,675,000.00	6.70%		
05/01/19	$	3,675,000.00	6.70%	$	100,000.00	

05/01/18	$	3,765,000.00	6.70%	$	90,000.00  $	126,1 27.50
$	123,112.50  $	339,240.00
$	123,112.50
11/01/19	$	3,575,000.00	6.70%	$	11 9,762.50  $	342,875.00
05/01/20	$	3,575,000.00	6.70%	$	105,000.00  $	11 9,762.50
1 1/01/20	$	3,470,000.00	6.70%	$	116,245.00   $	341,007.50
05/01/21	$	3,470,000.00	6.70%	$	11 5,000.00  $	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	$	3,105,000.00	6.70%	$	104,017.50  $	342,390.00
05/01/24	$	3,105,000.00	6.70%	$	140,000.00  $	104,017.50
11/01/24	$	2,965,000.00	6.70%	$	99,327.50   $	343,345.00
05/01/25	$	2,965,000.00	6.70%	$	150,000.00  $	99,327.50
11 /01/25	$	2,815,000.00	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
11 /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
11/01/28	$	2,305,000.00	6.70%	$	77,217.50  $	340,465.00
05/01/29	$	2,305,000.00	6.70%	$	195,000.00  $	77,217.50
11/01/29	$	2,11 0,000.00	6.70%	$	70,685.00   $	342,902.50
05/01/30	$	2,11 0,000.00	6.70%	$	205,000.00  $	70,685.00
1 1/01/30	$	1,905,000.00	6.70%	$	63,817.50   $	339,502.50
05/01/31	$	1,905,000.00	6.70%	$	220,000.00   $	63,817.50
1 1/01/31	$	1 ,685,000.00	6.70%	$	56,447.50   $	340,265.00
05/01/32	$	1 ,685,000.00	6.70%	$	235,000.00  $	56,447.50
11 /01/32	$	1 ,450,000.00	6.70%	$	48,575.00   $	340,022.50
05/01/33	$	1 ,450,000.00	6.70%	$	250,000.00  $	48,575.00

05/01/34	$	1 ,200,000.00	6.70%	$	270,000.00	$	40,200.00	
11 /01/34	$	930,000.00	6.70%		$	31,155.00	
05/01/35	$	930,000.00	6.70%	$	290,000.00	$	31 ,1 55.00	

11 /01/33	$	1 ,200,000.00	6.70%	$	40,200.00   $	338,775.00
$	341,355.00

1 1/01/35	$	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
11 /01/36	$	330,000.00	6.70%	$	11 ,055.00   $	342,495.00

$

3,850,000.00 $

3,579,810.00 $	1,420,a1O.oo I

05/01/37	$	330,000.00	6.70%	$	330,000.00   $	11 ,055.00  $	341,055.00

14