Approved Budget
Fiscal Year 2021

Rolling Hills Community Development District

May 14, 2020

	Adopted
Budget		Actual
thru		Projected
Next		Total
Projected		Approved
Budget	
 Description		 	FY2020			     3/31/20			 	6 Months			    Thru 9/30/20 		 	FY2021		
Revenues
Assessments - On Roll	
$348,975		
$344,766		
$4,209		
$348,975		
$348,975	
Assessments - Direct Platted	$269,409		$67,352		$202,057		$269,409		$269,409	
Swim & Tennis Revenue	$800		$0		$800		$800		$800	
Facility Rental Fees	$3,500		$1,825		$600		$2,425		$3,500	
Non-Resident Memberships	$1,980		$0		$1,980		$1,980		$1,980	
Total Revenues	 	$624,664 		     $413,943 		 	$209,646 		 	$623,589 		 	$624,664 	

Expenditures
Administrative		
Supervisor Fees	$6,000		$1,400		$2,000		$3,400		$6,000	
FICA Expense	$459		$107		$153		$260		$459	
Engineering	$10,000		$0		$500		$500		$5,000	
Arbitrage	$1,200		$0		$1,200		$1,200		$1,200	
Dissemination Agent	$3,500		$1,750		$1,750		$3,500		$3,500	
Assessment Roll	$5,000		$5,000		$0		$5,000		$5,000	
Attorney	$22,500		$904		$10,000		$10,904		$22,500	
Annual Audit	$3,800		$3,800		$0		$3,800		$3,800	
Trustee	$8,081		$8,081		$0		$8,081		$8,081	
Management Fees	$40,000		$20,000		$20,000		$40,000		$41,200	
Computer Time	$1,000		$500		$500		$1,000		$1,000	
Telephone	$150		$16		$16		$32		$150	
Postage	$500		$82		$82		$164		$500	
Printing & Binding	$1,250		$600		$600		$1,200		$1,250	
Travel & Per Diem	$100		$45		$90		$135		$100	
Insurance	$8,427		$8,227		$0		$8,227		$8,427	
Legal Advertising	$1,000		$216		$500		$716		$1,000	
Other Current Charges	$1,500		$725		$725		$1,450		$1,500	
Website Compliance	$2,500		$1,250		$1,250		$2,500		$2,500	
Office Supplies	$100		$91		$91		$182		$100	
Dues, Licenses & Subscriptions	$175		$175		$0		$175		$175	
Administrative Expenses	 	$117,242 		 	$52,970 		 	$39,457 		 	$92,427 		 	$113,442 	
Field
Operations Management	
$20,500		
$10,250		
$10,250		
$20,500		
$21,525	
Utilities - Irrigation & Streetlights	$35,000		$14,491		$14,491		$28,982		$35,000	
Repairs & Maintenance	$40,000		$15,335		$15,335		$30,669		$40,000	
Landscape	$73,000		$36,311		$36,311		$72,622		$74,800	
Landscape - Contingency	$6,800		$3,374		$3,374		$6,747		$6,800	
Mulch	$13,500		$0		$13,500		$13,500		$13,500	
Lake Maintenance	$4,800		$2,420		$2,420		$4,840		$4,800	
Irrigation Repairs	$7,500		$0		$0		$0		$7,500	
Miscellaneous	$1,264		-$41		$500		$459		$1,264	

Field Expenses	 	$202,364	 	$82,139	 	$96,180	 	$178,319 	$205,189 

1

	Adopted
Budget		Actual
thru		Projected
Next		Total
Projected		Approved
Budget	
 Description		 	FY2020			     3/31/20			 	6 Months			    Thru 9/30/20 		 	FY2021		

Amenity Center										
Facility Management	$53,533		$26,766		$26,766		$53,533		$56,210	
Pool Attendants	$35,000		$0		$35,000		$35,000		$35,000	
Refuse Service	$8,300		$6,263		$6,263		$12,527		$8,300	
Security	$15,000		$6,700		$6,700		$13,400		$15,000	
Utilities	$45,000		$18,972		$18,972		$37,944		$45,000	
Recreation Passes	$1,000		$0		$0		$0		$1,000	
Repairs & Maintenance	$40,000		$27,495		$19,640		$47,135		$40,000	
Janitorial	$12,840		$6,420		$6,420		$12,840		$12,840	
Pool Maintenance	$13,650		$6,825		$6,825		$13,650		$13,650	
Special Events	$4,000		$2,125		$2,125		$4,250		$6,000	
Operating Supplies	$6,000		$1,990		$1,990		$3,980		$6,000	
Pool Chemicals	$9,000		$4,090		$4,090		$8,181		$9,000	
Permit	$375		$0		$375		$375		$375	
Insurance	$23,121		$22,681		$0		$22,681		$23,121	
Capital Reserve	$38,239		$0		$38,239		$38,239		$34,537	
Amenity Center	 	$305,058 		     $130,328 		 	$173,406 		 	$303,734 		 	$306,033 	
Total Expenses	 	$624,664 		     $265,437 		 	$309,043 		 	$574,480 		 	$624,664 	
ASSIGNED FUND BALANCE	 	$0 		     $148,506 		 	-$99,397 		 	$49,109 		 	$0 	
							
FY 2020		
FY 2021	
Platted Lots:			
Assessments - Platted Lots On Roll	375	375	
Net-Assessment Rate	$930.60	$930.60	
Total Net Assessments	$348,975.00	$348,975.00	
Gross Assessment (6% Discount)	$371,250.00	$371,250.00	
Gross Assessment - Per Unit	$990.00	$990.00	
Planned Lots: 			
Assessments - Direct Billed	386	386	
Net-Assessment Rate per Unit (75%)	$697.95	$697.95	
Total Net Assessments	$269,408.70	$269,408.70	
Gross Assessment (6% Discount)	$280,185.05	$280,185.05	
Gross Assessment - Per Unit	$725.87	$725.87	

2

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 lots 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:

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

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

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 Yellowstone Landscape.

Landscape Contingency

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

5

Utilities- Irrigation and Streetlights

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

Account No.	Description	Monthly	Annually	

Clay Electric				
7182249	2404-1 Rolling View Blvd	$	55	$	660	
7755259	3236-1 Bradley Creek Dr	$	35	$	420	
7755275	3314-1 Bradly Creek Dr	$	33	$	396	
7755283	2448 Rolling View Blvd	$	75	$	900	

Clay County Utility Authority

244686	3212-1 Bradley Creek Reclaim	$ 1,422	$	17,064	
244869	3212-2 Bradley Creek Reclaim	$	128	$	1,536	
256584	3215-2 Bradley Creek Reclaim	$	301	$	3,612	
253042	3212-3 Bradley Creek Irrigation	$	630	$	7,560	
Contingency			$	2,852.00	
Total			$	35,000.00	

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.

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.

6

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

Comcast	3212-4 Bradley Creek Dr	$	250.00	$	3,000.00	
8495741231221030	Cable/Internet/Telephone	$	250.00	$	3,000.00	
			$ 48,000.00	

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

7

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
Budget		Actual
thru		Projected
Next		
Total	Approved
Projected	Budget	
 Description			 	FY2020			     3/31/20			    6 Months 		  Thru 9/30/20 	FY2021		
Revenues									
Assessments		$174,001		$171,902		$2,099		$174,001	$174,001	
Other Revenue Sources		$0		$0		$0		$0	$0	
Interest Income		$0		$146		$50		$196	$0	
Carry Forward Surplus		$63,176		$65,300		$0		$65,300	$68,113	
Total Revenues		 	$174,001 		     $237,348 		 	$2,149 		
 	$239,497 	$242,113 	

Expenditures									
Series 2015 A-1									
Interest 11/1		$53,192		$53,192		$0		$53,192	$51,794	
Interest 5/1		$65,000		$0		$65,000		$65,000	$70,000	
Principal 5/1		$53,192		$0		$53,192		$53,192	$51,794	
Total Debt Service Expenditures		 	$171,384 		 	$53,192 		 	$118,192 		
 	$171,384 	$173,589 	
EXCESS REVENUES / (EXPENDITURES)		 	$2,617 		 	$184,156 		 	-$116,043 		
 	$68,113 	$68,525 	
								
11/1/21 Interest  $	50,184.38	

9

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

DATE		RATE		INTEREST		
11/01/19	$	1,980,000.00	4.10%		$	53,191.88	$	53,191.88	
05/01/20	$	1,980,000.00	4.30%	$	65,000.00	$	53,191.88		
11/01/20	$	1,915,000.00	4.30%		$	51,794.38	$	169,986.26	
05/01/21	$	1,915,000.00	4.60%	$	70,000.00	$	51,794.38		
11/01/21	$	1,845,000.00	4.60%		$	50,184.38	$	171,978.76	
05/01/22	$	1,845,000.00	5.13%	$	75,000.00	$	50,184.38		
11/01/22	$	1,770,000.00	5.13%		$	48,262.50	$	173,446.88	
05/01/23	$	1,770,000.00	5.13%	$	80,000.00	$	48,262.50		
11/01/23	$	1,690,000.00	5.13%		$	46,212.50	$	174,475.00	
05/01/24	$	1,690,000.00	5.13%	$	85,000.00	$	46,212.50		
11/01/24	$	1,605,000.00	5.13%		$	44,034.38	$	175,246.88	
05/01/25	$	1,605,000.00	5.13%	$	95,000.00	$	44,034.38		
11/01/25	$	1,510,000.00	5.13%		$	41,600.00	$	180,634.38	
05/01/26	$	1,510,000.00	5.13%	$	100,000.00	$	41,600.00		
11/01/26	$	1,410,000.00	5.13%		$	39,037.50	$	180,637.50	
05/01/27	$	1,410,000.00	5.45%	$	105,000.00	$	39,037.50		
11/01/27	$	1,305,000.00	5.45%		$	36,176.25	$	180,213.75	
05/01/28	$	1,305,000.00	5.45%	$	110,000.00	$	36,176.25		
11/01/28	$	1,195,000.00	5.45%		$	33,178.75	$	179,355.00	
05/01/29	$	1,195,000.00	5.45%	$	120,000.00	$	33,178.75		
11/01/29	$	1,075,000.00	5.45%		$	29,908.75	$	183,087.50	
05/01/30	$	1,075,000.00	5.45%	$	125,000.00	$	29,908.75		
11/01/30	$	950,000.00	5.45%		$	26,502.50	$	181,411.25	
05/01/31	$	950,000.00	5.45%	$	130,000.00	$	26,502.50		
11/01/31	$	820,000.00	5.45%		$	22,960.00	$	179,462.50	
05/01/32	$	820,000.00	5.60%	$	120,000.00	$	22,960.00		
11/01/32	$	700,000.00	5.60%		$	19,600.00	$	162,560.00	
05/01/33	$	700,000.00	5.60%	$	125,000.00	$	19,600.00		
11/01/33	$	575,000.00	5.60%		$	16,100.00	$	160,700.00	
05/01/34	$	575,000.00	5.60%	$	130,000.00	$	16,100.00		
11/01/34	$	445,000.00	5.60%		$	12,460.00	$	158,560.00	
05/01/35	$	445,000.00	5.60%	$	140,000.00	$	12,460.00		
11/01/35	$	305,000.00	5.60%		$	8,540.00	$	161,000.00	
05/01/36	$	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	
05/01/37	$	155,000.00	5.60%	$	155,000.00	$	4,340.00	$	159,340.00	
			$	1,980,000.00	$	1,168,167.54	$	3,148,167.54	
**Revised as of 4/2/19
10

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

	Adopted
Budget		Actual
thru		Projected
Next		Total
Projected		Approved
Budget	
 Description			 	FY2020			 	3/31/20			    6 Months 		  Thru 9/30/20 		 	FY2021		
Revenues											

Assessments		$136,800		$135,151		$0		$135,151		$136,800	
Interest Income		$0		$134		$50		$184		$0	
Carry Forward Surplus		$49,868		$49,581		$0		$49,581		$50,616	
Total Revenues		 	$186,668 		 	$184,866 		 	$50 		 	$184,916 		 	$187,416 	

Expenditures											
Series 2015 A-2
Interest - 11/1		
$42,150		
$42,150		
$0		
$42,150		
$40,869	
Principal - 5/1		$50,000		$0		$50,000		$50,000		$50,000	
Interest - 5/1		$42,150		$0		$42,150		$42,150		$40,869	
Total Debt Service Expenditures		 	$134,300 		 	$42,150 		 	$92,150 		 	$134,300 		 	$131,738 	
EXCESS REVENUES / (EXPENDITURES)		 	$52,368 		 	$142,716 		 	-$92,100 		 	$50,616 		 	$55,679 	

11/1/21 Interest - 2015 A-2	$39,588

11

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

DATE		RATE		INTEREST		
11/01/18	$	1,605,000.00	5.13%		$	43,303.13	$	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	$	130,453.13	
05/01/20	$	1,560,000.00	5.13%	$	50,000.00	$	42,150.00		
11/01/20	$	1,510,000.00	5.13%		$	40,868.75	$	133,018.75	
05/01/21	$	1,510,000.00	5.13%	$	50,000.00	$	40,868.75		
11/01/21	$	1,460,000.00	5.13%		$	39,587.50	$	130,456.25	
05/01/22	$	1,460,000.00	5.13%	$	55,000.00	$	39,587.50		
11/01/22	$	1,405,000.00	5.13%		$	38,178.13	$	132,765.63	
05/01/23	$	1,405,000.00	5.13%	$	55,000.00	$	38,178.13		
11/01/23	$	1,350,000.00	5.13%		$	36,768.75	$	129,946.88	
05/01/24	$	1,350,000.00	5.13%	$	60,000.00	$	36,768.75		
11/01/24	$	1,290,000.00	5.13%		$	35,231.25	$	132,000.00	
05/01/25	$	1,290,000.00	5.13%	$	65,000.00	$	35,231.25		
11/01/25	$	1,225,000.00	5.13%		$	33,565.63	$	133,796.88	
05/01/26	$	1,225,000.00	5.13%	$	65,000.00	$	33,565.63		
11/01/26	$	1,160,000.00	5.13%		$	31,900.00	$	130,465.63	
05/01/27	$	1,160,000.00	5.50%	$	80,000.00	$	31,900.00		
11/01/27	$	1,080,000.00	5.50%		$	29,700.00	$	141,600.00	
05/01/28	$	1,080,000.00	5.50%	$	85,000.00	$	29,700.00		
11/01/28	$	995,000.00	5.50%		$	27,362.50	$	142,062.50	
05/01/29	$	995,000.00	5.50%	$	90,000.00	$	27,362.50		
11/01/29	$	905,000.00	5.50%		$	24,887.50	$	142,250.00	
05/01/30	$	905,000.00	5.50%	$	90,000.00	$	24,887.50		
11/01/30	$	815,000.00	5.50%		$	22,412.50	$	137,300.00	
05/01/31	$	815,000.00	5.50%	$	100,000.00	$	22,412.50		
11/01/31	$	715,000.00	5.50%		$	19,662.50	$	142,075.00	
05/01/32	$	715,000.00	5.50%	$	105,000.00	$	19,662.50		
11/01/32	$	610,000.00	5.50%		$	16,775.00	$	141,437.50	
05/01/33	$	610,000.00	5.50%	$	110,000.00	$	16,775.00		
11/01/33	$	500,000.00	5.50%		$	13,750.00	$	140,525.00	
05/01/34	$	500,000.00	5.50%	$	115,000.00	$	13,750.00		
11/01/34	$	385,000.00	5.50%		$	10,587.50	$	139,337.50	
05/01/35	$	385,000.00	5.50%	$	120,000.00	$	10,587.50		
11/01/35	$	265,000.00	5.50%		$	7,287.50	$	137,875.00	
05/01/36	$	265,000.00	5.50%	$	130,000.00	$	7,287.50		
11/01/36	$	135,000.00	5.50%		$	3,712.50	$	141,000.00	
05/01/37	$	135,000.00	5.50%	$	135,000.00	$	3,712.50	$	138,712.50	
			$	1,605,000.00	$	1,035,381.28	$	2,640,381.28	

** Revised after 5/1/18 call

12

Rolling Hills
Community Development District	Debt  Service Fund
Series 2015 A3

	Adopted
Budget		Actual
thru		Projected
Next		Total
Projected		Approved
Budget	
 Description			 	FY2020			 	3/31/20			 	6 Months			  Thru 9/30/20 		 	FY2021		
Revenues											
Assessments - Tax Roll		$41,481		$40,980		$0		$40,980		$41,481	
Assessments - Direct		$302,118		$0		$302,118		$302,118		$302,118	
Interest Income		$0		$74		$20		$94		$0	
Carry Forward Surplus		$127,544		$129,124		$0		$129,124		$127,791	
Total Revenues		 	$471,143 		 	$170,178 		 	$302,138 		 	$472,316 		 	$471,389 	

Expenditures											
Series 2015 A-3											
Interest 11/1		$119,763		$119,763		$0		$119,763		$116,245	
Interest 5/1		$105,000		$0		$105,000		$105,000		$115,000	
Principal 5/1		$119,763		$0		$119,763		$119,763		$116,245	
Total Debt Service Expenditures		 	$344,525 		 	$119,763 		 	$224,763 		 	$344,525 		 	$347,490 	
EXCESS REVENUES / (EXPENDITURES)		 	$126,618 		 	$50,416 		 	$77,375 		 	$127,791 		 	$123,899 	
								
11/1/21 Interest		
$112,393	

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	
05/01/18	$	3,765,000.00	6.70%		$	90,000.00	$	126,127.50		
11/01/18	$	3,675,000.00	6.70%			$	123,112.50	$	339,240.00	
05/01/19	$	3,675,000.00	6.70%		$	100,000.00	$	123,112.50		
11/01/19	$	3,575,000.00	6.70%			$	119,762.50	$	342,875.00	
05/01/20	$	3,575,000.00	6.70%		$	105,000.00	$	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		
11/01/21	$	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		
11/01/22	$	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		
11/01/26	$	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	$	2,110,000.00	6.70%			$	70,685.00	$	342,902.50	
05/01/30	$	2,110,000.00	6.70%		$	205,000.00	$	70,685.00		
11/01/30	$	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		
11/01/31	$	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		
11/01/33	$	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		
11/01/36	$	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	$	7,429,810.00	
			
14