Approved Budget
Fiscal Year 2019

Rolling Hills Community Development District

June 12, 2018

Rolling Hills
Community Development District	General Fund

Actual	Projected	Total	Approved

Description

Adopted Budget
 	FY2018	

Revenues

thru	Next	Projected	Budget
   413012018	 5 Months	 Thru 9130/18	 	FY2019	

Assessments - On Roll	$268,780	$256,576		$11,965	$268,541	$299,653 Assessments - Direct Platted	$241,651	$120,826	$120,826	$241,652	$286,605 Assessments - Direct Planned		$44,240				$0		$44,240				$0		$49,322 Swim & Tennis Revenue				$800				$0				$400			$400				$800 Facility Rental Fees			$3,500		$1,500			$2,000		$3,500			$3,500 Non-Resident Memberships			$3,960				$0			$1,980		$1,980			$1,980 Misc Income					$0			$98                       $0                            $98                       $0

Total Revenues	$562,931	$379,000	$181,411	$516,073	$641,860

Expenditures Administrative

$459

Supervisor Fees	$6,000	$2,800	$1,600	$4,400	$6,000
FICA Expense	$214	$122	$336	$459
Engineering	$10,000	$1,188	$5,000	$6,188	$10,000
Arbitrage	$1,200		$600		$0		$600	$1,200 Dissemination Agent	$3,500	$2,042	$1,458	$3,500	$3,500 Assessment Roll	$5,000	$5,000		$0	$5,000	$5,000
Attorney	$22,500	$3,677	$7,500	$11,177	$22,500
Annual Audit	$5,000	$0	$4,000	$4,000	$5,000
Trustee	$8,081	$8,081	$0	$8,081	$8,081
Management Fees	$39,140	$22,832	$16,308	$39,140	$40,000
Computer Time	$1,000	$583	$417	$1,000	$1,000

$69
$879

Telephone	$150	$142	$101	$244	$150

Postage	$500	$96

$92

Printing & Binding	$1,250	$1,231
Travel & Per Diem	$100

$165	$500
$2,110	$1,250
$18	$110	$100

Insurance	$7,047	$6,406	$0	$6,406	$7,047
Legal Advertising	$1,000	$1,424	$1,017	$2,440	$1,000 Other Current Charges	$1,500	$1,034		$738	$1,772	$1,500
Office Supplies	$100	$51	$88	$100
Dues, Licenses & Subscriptions	$175	$0	$175	$175

Administrative Expenses	$113,702	$57,667	$39,265	$96,932	$114,562 Field
Operations Management	$19,055	$11,115	$7,940	$19,055	$19,627
Utilities - Irrigation & Streetlights	$25,000	$15,099	$10,785	$25,884	$25,000 Repairs & Maintenance	$40,000	$20,802	$14,859	$35,661	$40,000 Landscape	$64,800	$37,800	$27,000	$64,800	$64,800
Landscape - Contingency		$5,000	$4,789		$3,420		$8,209	$15,000 Fertilization, Weed & Pest Control		$7,850	$4,162		$2,973		$7,134		$7,850 Mulch	$13,500		$0	$13,500	$13,500	$13,500
Lake Maintenance	$4,800	$2,800	$2,000	$4,800	$4,800
Irrigation Repairs	$4,000	$354	$2,500	$2,854	$4,000
Miscellaneous	$633	$171	$122	$294	$633

Field Expenses	 	$184,638	 	$97,092	 	$85,098	 	$182,190 	$195,210

Rolling Hills
Community Development District

General Fund

Description	

Adopted Budget
 	FY2018	

Actual thru 4/30/2018

Projected Next
5 Months

Total Projected Thru 9/30/18

Approved 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
$24,809

$264,591
$562,931

$132,366
$287,125

$113,468
$237,832

$245,834
$524,957

$331,948
$641,720

$1,957

 	$0 

$29,435	$21,025
$2,557	$29,331
$4,800	$3,429
$7,406	$5,290
$19,822	$19,822
$0	$1,000
$19,136	$13,668
$7,490	$5,350
$8,038	$5,741
$2,133	$1,524
$3,938	$2,813

$375

$3,983	$4,100
$0
$23,628	$0
$0	$0

 	$91,875	 	-$56,420

Assessments - Platted Lots On Roll	322	322	
Net-Assessment Rate	$834.72	$930.60	
Total Net Assessments	$268,779.84	$299,653.20	
Gross Assessment (6% Discount)	$285,936.00	$318,780.00	
Gross Assessment - Per Unit	$888.00	$990.00	

Platted Lots:

$50,460
$31,888
$8,228
$12,696
$39,644
$1,000
$32,804
$12,840
$13,779
$3,657
$6,752
$8,083
$375
$23,628
$0

 	-$8,883

FY2018

$51,974
$40,000
$8,300
$15,000
$45,000
$1,000
$40,000
$12,840
$13,650
$4,000
$6,000
$9,000
$375
$24,809
$60,000

 	$140

FY2019

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

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

2

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

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

53
$930.60
$49,321.80
$52,470.00
$990.00

386
$742.50
$286,605.00
$298,069.20
$772.20

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2019

REVENUES:
Assessments - Plaited 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.
Facilitv 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.
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.
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.
lnsurance-Liabilitv
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

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

Clav 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	
Contingency			$	560	
		$	25,000 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 2019

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

Account Number

Description

Monthly

Annually

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/Internel/Telephone	$	250.00	$	3,000.00	

 	$ 4a,ooo.oo 1

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:
•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 - 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
Budget	thru
Description	 	FY2018		 4/30/2018

Revenues

Assessments	$182,400	$166,099

Interest Income	$0		$230	$50	$280	$0	
Carry Forward Surplus	$104,747		$63,705	$0	$63,705	$74,589	
Total Revenues	$182,400		$230,034	$16,351	$246,385	$256,989	

Expenditures							
Series 2015 A-1							
Interest 11/1	$56,667		$55,898	$0	$55,898	$54,698	
Interest 5/1	$60,000		$0	$60,000	$60,000	$60,000	
Principal 5/1	$56,667		$0	$55,898	$55,898	$54,698	
Total Debt Service Expenditures	$173,334		$55,898	$115,898	$171,796	$169,396	
EXCESS REVENUES / (EXPENDITURES)	$9,066		$174,136	-$99,547	$74,589	$87,593	
					1111119 Interest	$	53,468.13	

Other Revenue Sources	$0

Projected Next
5 Months

$16,301
$0

Total	Approved
Projected	Budget
Thru 9/30/18	FY2019

$182,400	$182,400
$0	$0

9

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

05/01/18	$	2,1 10,000.00	4.00%	$	60,000.00	$	55,898.13 		
11 /01/18	$	2,050,000.00	4.00%		$	54,698.13 	$	170,596.26	
05/01/19	$	2,050,000.00	4.10%	$	60,000.00	$	54,698.13 		
1 1/01/19	$	1 ,990,000.00	4.10%		$	53,468.13 	$	1 68,1 66.26	
05/01/20	$	1 ,990,000.00	4.30%	$	65,000.00	$	53,468.13		
1 1/01/20
05/01/21	$	1  ,925,000.00
$	1  ,925,000.00	4.30%
4.60%	
$	70,000.00	$	52,070.63	$	1 70,538.76	
1 1/01/21	$	1 ,855,000.00	4.60%		$	50,460.63	$	1 72,531.26	
05/01/22	$	1 ,855,000.00	5.13%	$	75,000.00	$	50,460.63		

05/01/30	$	1,080,000.00	5.45%	$	125,000.00	$	30,048.75	
11 /01/30	$	955,000.00	5.45%		$	26,642.50	
05/01/31	$	955,000.00	5.45%	$	130,000.00	$	26,642.50	
11 /01/31	$	825,000.00	5.45%		$	23,100.00	
05/01/32	$	825,000.00	5.60%	$	1 20,000.00	$	23,100.00	
1 1/01/32	$	705,000.00	5.60%		$	1 9,740.00	
05/01/33	$	705,000.00	5.60%	$	125,000.00      $	1 9,740.00	
1 1/01/33	$	580,000.00	5.60%	$	1 6,240.00	
05/01/34	$	580,000.00	5.60%	$	1 35,000.00	$	16,240.00	

DATE

RATE

INTEREST

$

52,070.63

11 /01/22
05/01/23
11 /01/23
05/01/24
1 1 /01/24
05/01/25
11 /01/25
05/01/26
1 1/01/26
05/01/27
11 /01/27
05/01/28
1 1/01/28
05/01/29
11 /01/29

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

1,780,000.00
1,780,000.00
1  ,700,000.00
1  ,700,000.00
1,615,000.00
1,61 5,000.00
1  ,520,000.00
1  ,520,000.00
1  ,420,000.00
1  ,420,000.00
1  ,315,000.00
1  ,315,000.00
1,200,000.00
1  ,200,000.00
1, 080,000.00

5.13%
5.13%
5.13%
5.13%
5.13%
5.13%
5.13%
5.13%
5.13%
5.45%
5.45%
5.45%
5.45%
5.45%
5.45%

11 5,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

48,538.75
48,538.75
46,488.75
46,488.75
44,310.63
44,310.63
41 ,876.25
41 ,876.25
39,313.75
39,313.75
36,452.50
36,452.50
33,318.75
33,318.75
30,048.75

$	1 73,999.38

$

80,000.00

$

1 75,027.50

$

85,000.00

$

$

1 75,799.38

$
$

95,000.00

181,1 86.88

1 00,000.00

$

181,1 90.00

$

1 05,000.00

$

1 80,766.25

$

$

1 84,771.25

$

120,000.00

$

1 83,367.50

$
$
$
$
$
$

$
$
$
$

$

181 ,691.25

1 79,742.50

1 62,840.00

1 60,980.00

1 1/01/34
05/01/35
11 /01/35
05/01/36
1 1/01/36
05/01/37

445,000.00
445,000.00
305,000.00
305,000.00
155,000.00
1 55,000.00

5.60%
5.60%
5.60%
5.60%
5.60%
5.60%

12,460.00
12,460.00
8,540.00
8,540.00
4,340.00
4,340.00

1 63,700.00

$

140,000.00

1 50,000.00

$

$

155,000.00

2,110,000.00

$
$
$
$
$
$
$

$

161 ,000.00

$

$
$

1,340,114.43

$

1  62,880.00
1  59,340.00

3,450,114.43 1

**Revised as of 11 /1/2017
10 

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

Actual	Projected		Total	Approved thru		Next	Projected	Budget

Description
Revenues

Budget
 	FY2018	

Adopted

   413012018	 5 Months	 Thru 9130118	 	FY2019	

Assessments	$151,200	$144,335	$6,865	$151,200	$151,200
Direct Assessments	$0	$0	$0	$0	$0
Prepayments - B	$0	$0	$0	$0	$0
Interest Income	$0	$241	$0	$241	$0
Carry Forward Surplus	$57,519	$55,012	$0	$55,012	$52,741
Total Revenues	$208,719	$199,588	$6,865	$206,453	$203,941

Expenditures

Series 2015 A-2
Interest - 11 11

$49,356	$0	$49,356	$47,947

Principal - 511	$55,000	$0	$55,000	$55,000	$55,000
Interest - 511	$49,356	$0	$49,356	$49,356	$47,947

Total  Debt Service  Expenditures	$153,713	$49,356	$104,356	$153,712	$150,894 EXCESS REVENUES I (EXPENDITURES)		$55,007	$150,232		-$97,491		$52,741		$53,047
1 1/1/19 Interest - 2015 A-2 $	46,537.50

11 

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

DATE

RATE

INTEREST

AMORTIZATION SCHEDULE

05/01/16	$	1 ,930,000.00	5.13%	$	45,000.00  $	51 ,790.63
11/01/16	$	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 $
05/01 /18	$	1,835,000.00	5.13%	$	55,000.00  $	49,356.25

149,993.75

11 /01/18	$	1 ,780,000.00	5.13%	$	47,946.88   $	1 52,303.13
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
11/01/21	$	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
11/01/22	$	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	5.13%	$	75,000.00  $	38,209.38
1 1/01/25	$	1,325,000.00	5.13%	$	36,287.50   $	149,496.88
05/01/26	$	1,325,000.00	5.1 3%	$	80,000.00  $	36,287.50
11/01/26	$	1,245,000.00	5.13%	$	34,237.50   $	1 50,525.00
05/01/27	$	1, 245,000.00	5.50%	$	85,000.00  $	34,237.50
11/01/27	$	1,160,000.00	5.50%	$	31 ,900.00  $	151,137.50
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
11 /01/29	$	975,000.00	5.50%	$	26,812.50  $	151 ,237.50
05/01/30	$	975,000.00	5.50%	$	100,000.00 $	26,812.50
11 /01/30	$	875,000.00	5.50%	$	24,062.50  $	1 50,875.00

05/01/31	$	875,000.00	5.50%	$	1 05,000.00 $	24,062.50
1 1/01/31	$	770,000.00	5.50%	$	21,1 75.00 $
05/01/32	$	770,000.00	5.50%	$	110,000.00 $	21,175.00

150,237.50

11/01/32	$	660,000.00	5.50%	$	18,150.00  $	149,325.00
05/01/33	$	660,000.00	5.50%	$	120,000.00 $	18,150.00
11/01/33	$	540,000.00	5.50%	$	14,850.00  $	1 53,000.00
05/01/34	$	540,000.00	5.50%	$	125,000.00 $	14,850.00
11/01/34	$	41 5,000.00	5.50%	$	11 ,412.50  $	151,262.50
05/01/35	$	41 5,000.00	5.50%	$	130,000.00 $	11 ,412.50
11 /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
11 /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

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
Series 2015 A3

Description

Adopted Budget FY2018

Actual	Projected	Total
thru	Next	Projected
     4/30/2018	 	5 Months		Thru 9/3011 8

Approved Budget FY2019

Revenues

Assessments Interest Income
Carry Foiward Surplus
Total Revenues

$343,600
$0
$171 ,290

$514,890

$211 ,482
$92
$129,800

$341,374

$132,118 
$20
$0

$132,138

$343,600
$112 
$129,800

$473,512

$343,600
$0
$131 ,256

$474,856

Expenditures

Series 2015 A 3

Interest 11/1 Interest 5/1 Principal 5/1
Total Debt Service Expenditures

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

$342,256

$126,128
$0
$0

$126,128

$0
$90,000
$126,128

$216,128

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

$342,256

$123,113 
$100,000
$123,1 13 

$346,225

EXCESS REVENUES I (EXPENDITURES)

$172,634

$215,246

-$83,990

$131,256

$128,631

11/1/19 Interest	$	119,762.50

13 

Rolling Hills

INTEREST

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

11/01/25	$	2,81 5,000.00	6.70%

85,000.00

DATE		RATE		
05/01/16	$	3,850,000.00	6.70%	$	
11 /01/16	$	3,850,000.00	6.70%		
05/01/17	$	3,850,000.00	6.70%	$	
11 /01/17	$	3,765,000.00	6.70%		
05/01/18	$	3,765,000.00	6.70%	$	
11/01/18	$	3,675,000.00	6.70%		
05/01/19	$	3,675,000.00	6.70%	$	
11/01/19	$	3,575,000.00	6.70%		
05/01/20	$	3,575,000.00	6.70%	$	
11/01/20	$	3,470,000.00	6.70%		
05/01/21	$	3,470,000.00	6.70%	$	
11/01/21	$	3,355,000.00	6.70%		
05/01/22	$	3,355,000.00	6.70%	$	
11/01/22	$	3,235,000.00	6.70%		
05/01/23	$	3,235,000.00	6.70%	$	
11/01/23	$	3,105,000.00	6.70%		
05/01/24	$	3,105,000.00	6.70%	$	
11 /01/24	$	2,965,000.00	6.70%		
05/01/25	$	2,965,000.00	6.70%	$	

$	128,975.00		
$	128,975.00	$	257,950.00	
$	128,975.00		
$	126,127.50	$	340,102.50	
$	126,127.50		
$	123,11 2.50	$	339,240.00	
$	123,112.50		
$	11 9,762.50	$	342,875.00	
$	11 9,762.50		
$	116,245.00	$	341,007.50	
$	116,245.00		
$	112,392.50	$	343,637.50	
$	11 2,392.50		
$	1 08,372.50	$	340,765.00	
$	108,372.50		
$	104,017.50	$	342,390.00	
$	104,017.50		
$	99,327.50	$	343,345.00	
$	99,327.50		
$	94,302.50	$	343,630.00	
$	94,302.50		
$	88,942.50	$	343,245.00	
$	88,942.50		
$	83,247.50	$	342,190.00	
$	83,247.50		
$	77,217.50	$	340,465.00	
$	77,217.50		
$	70,685.00	$	342,902.50	

90,000.00

1 00,000.00

105,000.00

11 5,000.00

120,000.00

130,000.00

140,000.00

1 50,000.00

05/01/26	$	2,81 5,000.00	6.70%	$	
11/01/26	$	2,655,000.00	6.70%		
05/01/27	$	2,655,000.00	6.70%	$	
11/01/27	$	2,485,000.00	6.70%		
05/01/28	$	2,485,000.00	6.70%	$	
11/01/28	$	2,305,000.00	6.70%		
05/01/29	$	2,305,000.00	6.70%	$	
11/01/29	$	2,11 0,000.00	6.70%		
05/01/30	$	2,11 0,000.00	6.70%	$	
11/01/30	$	1 ,905,000.00	6.70%		
05/01/31	$	1 ,905,000.00	6.70%	$	
11 /01/31	$	1 ,685,000.00	6.70%		
05/01/32	$	1 ,685,000.00	6.70%	$	

160,000.00

170,000.00

180,000.00

195,000.00

70,685.00		
63,817.50	$	339,502.50	
63,817.50		
56,447.50	$	340,265.00	
56,447.50		
48,575.00	$	340,022.50	

205,000.00   $
$
220,000.00    $
$ 235,000.00    $

11/01/32	$	1,450,000.00	6.70%	$
05/01/33	$	1 ,450,000.00	6.70%	$	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
11/01/34	$	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,a10.oo I

14