Approved Budget
Fiscal Year 2023

Rolling Hills Community Development District

June 14, 2022

Rolling Hills
Community Development District	General Fund

	Adopted
Budget		Actual
thru		Projected
Next		Total
Projected at		Approved
Budget	
 Description				FY2022			  4/30/22				5 Months				9/30/22				FY2023		
Revenues
Assessments - On Roll		
$385,247		
$383,686		
$0		
$383,686		
$996,397	
Assessments - Direct Platted		$297,402		$222,998		$74,404		$297,402		$0	
Interest/Misc Income		$0		$185		$150		$335		$0	
Facility Rental Fees		$3,500		$2,525		$500		$3,025		$3,500	
Total Revenues			$686,149 		  $609,394 			$75,054 			$684,448 			$999,897 	

Expenditures											
Administrative
Supervisor Fees		
$6,000		
$4,800		
$3,000		
$7,800		
$8,000	
FICA Expense		$459		$367		$230		$597		$612	
Engineering		$5,000		$0		$2,000		$2,000		$2,000	
Arbitrage		$1,200		$1,200		$0		$1,200		$1,800	
Dissemination Agent		$5,000		$3,333		$3,125		$6,458		$7,500	
Assessment Roll		$5,000		$5,000		$0		$5,000		$5,000	
Attorney		$22,500		$5,822		$4,158		$9,980		$20,000	
Annual Audit		$4,000		$500		$2,600		$3,100		$3,200	
Trustee		$8,081		$9,428		$2,694		$12,122		$12,122	
Management Fees		$41,200		$24,033		$17,167		$41,200		$42,436	
Computer Time		$1,000		$583		$417		$1,000		$1,000	
Website Compliance		$2,500		$1,458		$1,042		$2,500		$2,500	
Telephone		$150		$244		$174		$418		$500	
Postage		$500		$138		$98		$236		$500	
Printing & Binding		$1,250		$521		$372		$893		$1,250	
Travel & Per Diem		$100		$292		$209		$500		$500	
Insurance		$9,503		$8,941		$0		$8,941		$10,729	
Legal Advertising		$1,000		$1,783		$1,274		$3,057		$5,000	
Other Current Charges		$1,400		$963		$250		$1,213		$1,400	
Office Supplies		$100		$32		$23		$55		$100	
Dues, Licenses & Subscriptions		$175		$175		$0		$175		$175	
Administrative Expenses			$116,118 			$69,613 			$38,831 			$108,443 			$126,324 	
Field
Operations Management		
$22,171		
$12,933		
$9,238		
$22,171		
$23,944	
Utilities - Irrigation & Streetlights		$30,000		$12,398		$9,741		$22,138		$35,000	
Repairs & Maintenance		$40,000		$11,161		$7,972		$19,133		$40,000	
Landscape		$74,800		$42,505		$30,361		$72,866		$78,540	
Landscape - Contingency		$15,000		$9,503		$6,788		$16,290		$20,000	
Mulch		$16,000		$13,310		$0		$13,310		$20,000	
Lake Maintenance		$5,000		$4,367		$3,119		$7,486		$8,000	
Irrigation Repairs		$5,000		$3,777		$2,698		$6,475		$10,000	
Miscellaneous		$1,000		$0		$500		$500		$1,000	
Field Expenses			$208,971 		  $109,953 			$70,416 			$180,369 			$236,484 	

Rolling Hills
Community Development District					General Fund	
 	
Adopted	Actual		Projected		Total	
Approved	
Budget	thru		Next		Projected at	Budget	
 Description			FY2022		 4/30/22				5 Months				9/30/22			FY2023		
Amenity Center						
Facility Management	$59,021	$34,429	$24,592	$59,021	$63,743	
Facility Asst/Gate Monitor	$0	$0	$0	$0	$10,500	
Pool Attendants	$37,735	$2,682	$30,000	$32,682	$40,754	
Refuse Service	$10,000	$3,114	$2,750	$5,864	$7,200	
Security	$15,000	$7,939	$5,670	$13,609	$15,000	
Utilities	$45,000	$26,669	$19,049	$45,718	$55,000	
Recreation Passes	$1,000	$0	$0	$0	$1,000	
Repairs & Maintenance	$40,000	$17,426	$14,937	$32,363	$43,200	
Janitorial	$12,835	$7,490	$5,350	$12,840	$13,862	
Pool Maintenance	$13,650	$7,963	$5,688	$13,650	$14,742	
Special Events	$6,000	$950	$5,000	$5,950	$6,000	
Operating Supplies	$8,000	$6,108	$4,363	$10,471	$15,000	
Pool Chemicals	$10,000	$2,612	$8,000	$10,612	$11,000	
Permit	$375	$125	$375	$500	$375	
Insurance	$27,444	$25,822	$0	$25,822	$41,665	
Miscellaneous	$0	$0	$0	$0	$5,000	
Amenity Center		$286,060 		  $143,327 			$125,774 			$269,101 			$344,041 	
Total Expenses		$611,149 		  $322,892 			$235,020 			$557,913 			$706,849 	
OTHER FINANCING SOURCES/(USES)

Interfund Transfer Out - Capital Reserve	($75,000)	$0	($75,000)	($75,000)	($293,048)

TOTAL OTHER FINANCING
SOURCES/(USES)		($75,000)	$0	($75,000)	($75,000)  	($293,048) 

ASSIGNED FUND BALANCE		$0 	 $286,502 		($234,966) 		$51,535  	$0 

FY 2022	FY 2023
Platted Lots:
Assessments - Platted Lots On Roll	
375	
761	
Net-Assessment Rate	$1,027.33	$1,309.33	
Total Net Assessments	$385,248.75	$996,397.09	
Gross Assessment (6% Discount)	$409,837.50	$1,059,996.90	
Gross Assessment - Per Unit	$1,092.90	$1,392.90	
Planned Lots: 
Assessments - Direct Billed	
386	
$0.00	
Net-Assessment Rate per Unit (75%)	$770.47	$0.00	
Total Net Assessments	$297,401.81	$0.00	
Gross Assessment (6% Discount)	$316,384.90	$0.00	
Gross Assessment - Per Unit	$819.65	$0.00	

2

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2023

REVENUES:
Assessments

The District will assess the platted lots within the District to fund a portion of the District’s operating budget for the fiscal year.

Facility Rental Fees

The residents may rent the facilities for personal use.

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, 2020 A1/A2 and 2022 A1/A2 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.

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2023

Attorney

The District's legal counsel, Kutak Rock LLP, 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. Grau and Associates 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, $4,465,000 of Series 2020A1/A2 Capital Improvement Revenue Refunding Bonds	and
$6,130,00 of Series 2022A1 and $4,740,000 of Series 2022A2 Capital Improvement Revenue and 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.

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.

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2023

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 Tree Amigos.

Landscape Contingency

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

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2023

Utilities- Irrigation and Streetlights

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

Account No.	Description	Monthly	Annually	

Clay Electric				
****249	2404-1 Rolling View Blvd	$	55	$	660	
****259	3236-1 Bradley Creek Dr	$	35	$	420	
****275	3314-1 Bradly Creek Dr	$	33	$	396	
****283	2448 Rolling View Blvd	$	75	$	900	

Clay County Utility Authority

****86	3212-1 Bradley Creek Reclaim	$  1,422	$	17,064	
****69	3212-2 Bradley Creek Reclaim	$	128	$	1,536	
****84	3215-2 Bradley Creek Reclaim	$	301	$	3,612	
****42	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.

Facility Assistant/Gate Monitor

The District has contracted with Riverside Management Services for Weekend and Holiday facility management, and/or to provide staffing at pools for checking in residents and their guests for facility usage.

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2023

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 GFL Environmental 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
******951	3212 Bradley Creek Dr
Clay County Utility Authority

$	3,300.00

$ 39,600.00

*****347	3212-4 Bradley Creek Dr	$	350.00	$	4,200.00	
Comcast
***********1030	

Cable/Internet/Telephone	

$	300.00	

$	3,600.00	
Contingency			$	7,600.00	
			$ 55,000.00	

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

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2023

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 Poolsure 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	Capital Reserve

	Adopted
Budget		Actual
thru		Projected
Next		Total
Projected at		Approved
Budget	
 Description			FY2022			  4/30/22			  5 Months				9/30/22				FY2023		
Revenues
Interest Income	
$0		
$71		
$30		
$101		
$0	
Carry Forward Surplus	$62,609		$62,619		$0		$62,619		$137,720	
Total Revenues		$62,609 			$62,690 			$30 			$62,720 			$137,720 	

Expenditures										
Capital Outlay	$137,609		$0		$0		$0		$430,768	
Total Expenses		$137,609 			$0 			$0 			$0 			$430,768 	
OTHER FINANCING SOURCES/(USES)										
Interfund Transfer In - Cap Reserve	$75,000		$0		$75,000		$75,000		$293,048	
TOTAL OTHER FINANCING										
SOURCES/(USES)		$75,000 			$0 			$75,000 			$75,000 			$293,048 	
ASSIGNED FUND BALANCE		$0 			$62,690 			$75,030 			$137,720 			$0 	

9

Rolling Hills
Community Development District	Debt Service Fund
Series 2015 A1

	Adopted
Budget		Actual
thru		Projected
Next		 
Total	Approved
Projected at	Budget	
 Description				FY2022				4/30/22			  5 Months 			9/30/22	 	FY2023		
Revenues									
Assessments		$174,001		$173,280		$721		$174,001	$174,001	
Interest Income		$0		$6		$0		$6	$0	
Carry Forward Surplus		$56,767		$66,639		$0		$66,639	$51,078	
Total Revenues			$230,768 			$239,925 			$721 		 
	$240,646  	$225,079 	

Expenditures									
Series 2015 A-1									
Interest 11/1		$49,784		$49,784		$0		$49,784	$47,461	
Principal 5/1		$75,000		$0		$75,000		$75,000	$80,000	
Interest 5/1		$49,784		$0		$49,784		$49,784	$47,461	
Special Call - 5/1		$0		$0		$15,000		$15,000	$0	
Total Debt Service Expenditures			$174,568 			$49,784 			$139,784 		 
	$189,568  	$174,923 	
EXCESS REVENUES / (EXPENDITURES)			$56,200 			$190,141 			($139,063) 		 
	$51,078  	$50,156 	
								
11/1/23 Interest  $	45,411.25	

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

DATE		RATE		INTEREST	
11/01/22	$	1,740,000.00	5.13%		$	47,461.25	$	47,461.25	
05/01/23	$	1,740,000.00	5.13%	$	80,000.00	$	47,461.25		

11/01/23	$	1,660,000.00	5.13%		$	45,411.25	$	172,872.50	
05/01/24	$	1,660,000.00	5.13%	$	85,000.00	$	45,411.25		
11/01/24	$	1,575,000.00	5.13%		$	43,233.13	$	173,644.38	
05/01/25	$	1,575,000.00	5.13%	$	90,000.00	$	43,233.13		
11/01/25	$	1,485,000.00	5.13%		$	40,926.88	$	174,160.01	
05/01/26	$	1,485,000.00	5.13%	$	95,000.00	$	40,926.88		
11/01/26	$	1,390,000.00	5.13%		$	38,492.50	$	174,419.38	
05/01/27	$	1,390,000.00	5.45%	$	100,000.00	$	38,492.50		
11/01/27	$	1,290,000.00	5.45%		$	35,767.50	$	174,260.00	
05/01/28	$	1,290,000.00	5.45%	$	110,000.00	$	35,767.50		
11/01/28	$	1,180,000.00	5.45%		$	32,770.00	$	178,537.50	
05/01/29	$	1,180,000.00	5.45%	$	115,000.00	$	32,770.00		
11/01/29	$	1,065,000.00	5.45%		$	29,636.25	$	177,406.25	
05/01/30	$	1,065,000.00	5.45%	$	120,000.00	$	29,636.25		
11/01/30	$	945,000.00	5.45%		$	26,366.25	$	176,002.50	
05/01/31	$	945,000.00	5.45%	$	125,000.00	$	26,366.25		
11/01/31	$	820,000.00	5.45%		$	22,960.00	$	174,326.25	
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	
				$	1,740,000.00	$	848,130.02	$	2,588,130.02	
**Revised as of 5/1/22

Rolling Hills
Community Development District	Debt Service Fund
Series 2015 A2

	Adopted
Budget		Actual
thru		Projected
Next		Total
Projected at		Approved
Budget	
 Description				FY2022				4/30/22			  5 Months 			9/30/22				FY2023		
Revenues											

Assessments		$136,800		$136,234		$566		$136,800		$136,800	
Interest Income		$0		$5		$0		$5		$0	
Carry Forward Surplus		$50,497		$43,854		$0		$43,854		$42,309	
Total Revenues			$187,297 			$180,093 			$566 			$180,659 			$179,110 	

Expenditures											
Series 2015 A-2
Interest - 11/1		
$39,175		
$39,175		
$0		
$39,175		
$37,628	
Principal - 5/1		$55,000		$0		$55,000		$55,000		$55,000	
Interest - 5/1		$39,175		$0		$39,175		$39,175		$67,628	
Special Call - 5/1		$0		$0		$5,000		$5,000		$0	
Total Debt Service Expenditures			$133,350 			$39,175 			$99,175 			$138,350 			$160,256 	
EXCESS REVENUES / (EXPENDITURES)			$53,947 			$140,918 			($98,609) 			$42,309 			$18,854 	

11/1/23 Interest - 2015 A-2	$36,219

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

DATE		RATE		INTEREST	
11/01/22	$	1,385,000.00	5.13%		$	37,628.13	$	37,628.13	
05/01/23	$	1,385,000.00	5.13%	$	55,000.00	$	37,628.13		
11/01/23	$	1,330,000.00	5.13%		$	36,218.75	$	128,846.88	
05/01/24	$	1,330,000.00	5.13%	$	60,000.00	$	36,218.75		
11/01/24	$	1,270,000.00	5.13%		$	34,681.25	$	130,900.00	
05/01/25	$	1,270,000.00	5.13%	$	65,000.00	$	34,681.25		
11/01/25	$	1,205,000.00	5.13%		$	33,015.63	$	132,696.88	
05/01/26	$	1,205,000.00	5.13%	$	65,000.00	$	33,015.63		
11/01/26	$	1,140,000.00	5.13%		$	31,350.00	$	129,365.63	
05/01/27	$	1,140,000.00	5.50%	$	80,000.00	$	31,350.00		
11/01/27	$	1,060,000.00	5.50%		$	29,150.00	$	140,500.00	
05/01/28	$	1,060,000.00	5.50%	$	80,000.00	$	29,150.00		
11/01/28	$	980,000.00	5.50%		$	26,950.00	$	136,100.00	
05/01/29	$	980,000.00	5.50%	$	85,000.00	$	26,950.00		
11/01/29	$	895,000.00	5.50%		$	24,612.50	$	136,562.50	
05/01/30	$	895,000.00	5.50%	$	90,000.00	$	24,612.40		
11/01/30	$	805,000.00	5.50%		$	22,137.50	$	136,749.90	
05/01/31	$	805,000.00	5.50%	$	95,000.00	$	22,137.50		
11/01/31	$	710,000.00	5.50%		$	19,525.00	$	136,662.50	
05/01/32	$	710,000.00	5.50%	$	100,000.00	$	19,525.00		
11/01/32	$	610,000.00	5.50%		$	16,775.00	$	136,300.00	
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	
				$	1,385,000.00	$	694,762.42	$	2,079,762.42	

** Revised 5/1/22

Rolling Hills
Community Development District	Debt Service Fund
Series 2015 A3

	Adopted
Budget		Actual
thru		Projected
Next		Total
Projected at		Approved
Budget	
 Description				FY2022				4/30/22				5 Months				9/30/22				FY2023		
Revenues											
Assessments - Tax Roll		$41,481		$40,529		$952		$41,481		$41,481	
Assessments - Direct		$194,436		$0		$4,500		$4,500		$0	
Interest Income		$0		$1		$0		$1		$0	
Carry Forward Surplus		$109,339		$87,545		$0		$87,545		$18,245	
Total Revenues			$345,256 			$128,075 			$5,452 			$133,527 			$59,726 	

Expenditures											
Series 2015 A-3											
Interest 11/1		$76,883		$76,883		$0		$76,883		$12,730	
Special Call - 11/1		$0		$5,000		$0		$5,000		$0	
Interest 02/1		$0		$46,783		$0		$46,783		$0	
Special Call - 02/1		$0		$1,890,000		$0		$1,890,000		$0	
Interest 5/1		$76,883		$0		$13,400		$13,400		$12,730	
Principal 5/1		$85,000		$0		$15,000		$15,000		$15,000	
Special Call - 05/1		$0		$0		$5,000		$5,000		$0	
Total Debt Service Expenditures			$238,765 			$2,018,666 			$33,400 		  $2,052,066 			$40,460 	
Other Financing Sources/(Uses)											
Interfund Transfer In		$0		$1,936,783		$0		$1,936,783		$0	
Total Other			$0 			$1,936,783 			$0 		  $1,936,783 			$0 	
EXCESS REVENUES / (EXPENDITURES)			$106,491 			$46,193 			($27,948) 			$18,245 			$19,266 	
								
11/1/23 Interest		
$12,228	

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

DATE			RATE		INTEREST		
11/01/22	$	380,000.00	6.70%		$	12,730.00	$	12,730.00	
05/01/23	$	380,000.00	6.70%	$	15,000.00	$	12,730.00		
11/01/23	$	365,000.00	6.70%		$	12,227.50	$	39,957.50	
05/01/24	$	365,000.00	6.70%	$	15,000.00	$	12,227.50		
11/01/24	$	350,000.00	6.70%		$	11,725.00	$	38,952.50	
05/01/25	$	350,000.00	6.70%	$	15,000.00	$	11,725.00		
11/01/25	$	335,000.00	6.70%		$	11,222.50	$	37,947.50	
05/01/26	$	335,000.00	6.70%	$	20,000.00	$	11,222.50		
11/01/26	$	315,000.00	6.70%		$	10,552.50	$	41,775.00	
05/01/27	$	315,000.00	6.70%	$	20,000.00	$	10,552.50		
11/01/27	$	295,000.00	6.70%		$	9,882.50	$	40,435.00	
05/01/28	$	295,000.00	6.70%	$	20,000.00	$	9,882.50		
11/01/28	$	275,000.00	6.70%		$	9,212.50	$	39,095.00	
05/01/29	$	275,000.00	6.70%	$	25,000.00	$	9,212.50		
11/01/29	$	250,000.00	6.70%		$	8,375.00	$	42,587.50	
05/01/30	$	250,000.00	6.70%	$	25,000.00	$	8,375.00		
11/01/30	$	225,000.00	6.70%		$	7,537.50	$	40,912.50	
05/01/31	$	225,000.00	6.70%	$	25,000.00	$	7,537.50		
11/01/31	$	200,000.00	6.70%		$	6,700.00	$	39,237.50	
05/01/32	$	200,000.00	6.70%	$	30,000.00	$	6,700.00		
11/01/32	$	170,000.00	6.70%		$	5,695.00	$	42,395.00	
05/01/33	$	170,000.00	6.70%	$	30,000.00	$	5,695.00		
11/01/33	$	140,000.00	6.70%		$	4,690.00	$	40,385.00	
05/01/34	$	140,000.00	6.70%	$	30,000.00	$	4,690.00		
11/01/34	$	110,000.00	6.70%		$	3,685.00	$	38,375.00	
05/01/35	$	110,000.00	6.70%	$	35,000.00	$	3,685.00		
11/01/35	$	75,000.00	6.70%		$	2,512.50	$	41,197.50	
05/01/36	$	75,000.00	6.70%	$	35,000.00	$	2,512.50		
11/01/36	$	40,000.00	6.70%		$	1,340.00	$	38,852.50	
05/01/37	$	40,000.00	6.70%	$	40,000.00	$	1,340.00	$	41,340.00	
				$	380,000.00	$	236,175.00	$	616,175.00	
**Revised 5/1/22

15

Rolling Hills
Community Development District	Debt Service Fund
Series 2020 A-1/A-2

Adopted	Actual	Projected		Total	Approved Budget		thru		Next	Projected at		Budget
 Description			FY2022				4/30/22			  5 Months				9/30/22				FY2023		
Revenues										
Assessments - A-1	$165,981		$116,187		$49,794		$165,981		$165,981	
Assessments - A-2	$87,400		$87,400		$0		$87,400		$67,213	
Prepayments A2	$0		$427,067		$0		$427,067		$0	
Interest Income	$0		$9		$0		$9		$0	
Carry Forward Surplus	$103,573		$62,549		$0		$62,549		$67,375	
Total Revenues		$356,954 			$693,212 			$49,794 			$743,006 			$300,569 	
Expenditures										
Series 2020 A1										
Interest 11/1	$59,116		$59,116		$0		$59,116		$58,356	
Interest 5/1	$59,116		$0		$59,116		$59,116		$59,116	
Principal 5/1	$45,000		$0		$45,000		$45,000		$58,356	
Series 2020 A2										
Interest 11/1	$43,700		$43,700		$0		$43,700		$33,606	
Interest 5/1	$43,700		$0		$43,700		$43,700		$33,606	
Principal 5/1	$0		$0		$425,000		$425,000		$0	
Total Debt Service Expenditures		$250,631 			$102,816 			$572,816 			$675,631 			$243,041 	

EXCESS REVENUES / (EXPENDITURES)		$106,323	$590,396	($523,021)	$67,375 		$57,528 

A1 1/1/23 Interest	$57,513
A2 1/1/23 Interest	$33,606
$91,119

16

Rolling Hills	Series 2020A-1
Community Development District	Amortization Schedule
2025 Maturity

PRINCIPAL
	DATE			BALANCE			RATE			INTEREST			PRINCIPAL			TOTAL	

1-May-21	$235,000.00	3.375%		$3,965.63		$40,000.00		
1-Nov-21	$195,000.00	3.375%		$3,290.63		$0.00		
1-May-22	$195,000.00	3.375%		$3,290.63		$45,000.00		$51,581.25	
1-Nov-22	$150,000.00	3.375%		$2,531.25		$0.00			
1-May-23	$150,000.00	3.375%		$2,531.25		$50,000.00		$55,062.50	
1-Nov-23	$100,000.00	3.375%		$1,687.50		$0.00			
1-May-24	$100,000.00	3.375%		$1,687.50		$50,000.00		$53,375.00	
1-Nov-24	$50,000.00	3.375%		$843.75		$0.00			
1-May-25	$50,000.00	3.375%		$843.75		$50,000.00		$51,687.50	
			Total				$16,706.25 			$235,000.00 			$211,706.25 	

17

Rolling Hills	Series 2020A-1
Community Development District	Amortization Schedule
2030 Maturity

PRINCIPAL
	DATE			BALANCE			RATE			INTEREST			PRINCIPAL			TOTAL	

1-May-21	$285,000.00	3.875%		$7,362.50		$0.00		
1-Nov-21	$285,000.00	3.875%		$5,521.88		$0.00	$12,884.38	
1-May-22	$285,000.00	3.875%		$5,521.88		$0.00		
1-Nov-22	$285,000.00	3.875%		$5,521.88		$0.00	$11,043.75	
1-May-23	$285,000.00	3.875%		$5,521.88		$0.00		
1-Nov-23	$285,000.00	3.875%		$5,521.88		$0.00	$11,043.75	
1-May-24	$285,000.00	3.875%		$5,521.88		$0.00		
1-Nov-24	$285,000.00	3.875%		$5,521.88		$0.00	$11,043.75	
1-May-25	$285,000.00	3.875%		$5,521.88		$0.00		
1-Nov-25	$285,000.00	3.875%		$5,521.88		$0.00	$11,043.75	
1-May-26	$285,000.00	3.875%		$5,521.88		$55,000.00		
1-Nov-26	$230,000.00	3.875%		$4,456.25		$0.00	$64,978.13	
1-May-27	$230,000.00	3.875%		$4,456.25		$55,000.00		
1-Nov-27	$175,000.00	3.875%		$3,390.63		$0.00	$62,846.88	
1-May-28	$175,000.00	3.875%		$3,390.63		$55,000.00		
1-Nov-28	$120,000.00	3.875%		$2,325.00		$0.00	$60,715.63	
1-May-29	$120,000.00	3.875%		$2,325.00		$60,000.00		
1-Nov-29	$60,000.00	3.875%		$1,162.50		$0.00	$63,487.50	
1-May-30	$60,000.00	3.875%		$1,162.50		$60,000.00		
								$0.00 	
			Total				$85,250.00 			$285,000.00 		$309,087.50 	

Rolling Hills	Series 2020A-1
Community Development District	Amortization Schedule
2040 Maturity

PRINCIPAL
	DATE			BALANCE			RATE			INTEREST			PRINCIPAL			TOTAL	

1-May-21	$805,000.00	4.625%		$24,820.83		$0.00		
1-Nov-21	$805,000.00	4.625%		$18,615.63		$0.00	$43,436.46	
1-May-22	$805,000.00	4.625%		$18,615.63		$0.00		
1-Nov-22	$805,000.00	4.625%		$18,615.63		$0.00	$37,231.25	
1-May-23	$805,000.00	4.625%		$18,615.63		$0.00		
1-Nov-23	$805,000.00	4.625%		$18,615.63		$0.00	$37,231.25	
1-May-24	$805,000.00	4.625%		$18,615.63		$0.00		
1-Nov-24	$805,000.00	4.625%		$18,615.63		$0.00	$37,231.25	
1-May-25	$805,000.00	4.625%		$18,615.63		$0.00		
1-Nov-25	$805,000.00	4.625%		$18,615.63		$0.00	$37,231.25	
1-May-26	$805,000.00	4.625%		$18,615.63		$0.00		
1-Nov-26	$805,000.00	4.625%		$18,615.63		$0.00	$37,231.25	
1-May-27	$805,000.00	4.625%		$18,615.63		$0.00		
1-Nov-27	$805,000.00	4.625%		$18,615.63		$0.00	$37,231.25	
1-May-28	$805,000.00	4.625%		$18,615.63		$0.00		
1-Nov-28	$805,000.00	4.625%		$18,615.63		$0.00	$37,231.25	
1-May-29	$805,000.00	4.625%		$18,615.63		$0.00		
1-Nov-29	$805,000.00	4.625%		$18,615.63		$0.00	$37,231.25	
1-May-30	$805,000.00	4.625%		$18,615.63		$0.00		
1-Nov-30	$805,000.00	4.625%		$18,615.63		$0.00	$37,231.25	
1-May-31	$805,000.00	4.625%		$18,615.63		$65,000.00		
1-Nov-31	$740,000.00	4.625%		$17,112.50		$0.00	$100,728.13	
1-May-32	$740,000.00	4.625%		$17,112.50		$70,000.00		
1-Nov-32	$670,000.00	4.625%		$15,493.75		$0.00	$102,606.25	
1-May-33	$670,000.00	4.625%		$15,493.75		$70,000.00		
1-Nov-33	$600,000.00	4.625%		$13,875.00		$0.00	$99,368.75	
1-May-34	$600,000.00	4.625%		$13,875.00		$75,000.00		
1-Nov-34	$525,000.00	4.625%		$12,140.63		$0.00	$101,015.63	
1-May-35	$525,000.00	4.625%		$12,140.63		$75,000.00		
1-Nov-35	$450,000.00	4.625%		$10,406.25		$0.00	$97,546.88	
1-May-36	$450,000.00	4.625%		$10,406.25		$80,000.00		
1-Nov-36	$370,000.00	4.625%		$8,556.25		$0.00	$98,962.50	
1-May-37	$370,000.00	4.625%		$8,556.25		$85,000.00		
1-Nov-37	$285,000.00	4.625%		$6,590.63		$0.00	$100,146.88	
1-May-38	$285,000.00	4.625%		$6,590.63		$90,000.00		
1-Nov-38	$195,000.00	4.625%		$4,509.38		$0.00	$101,100.00	
1-May-39	$195,000.00	4.625%		$4,509.38		$95,000.00		
1-Nov-39	$100,000.00	4.625%		$2,312.50		$0.00	$101,821.88	
1-May-40	$100,000.00	4.625%		$2,312.50		$100,000.00		
								$0.00 	
			Total				$200,609.38 			$805,000.00 		$903,296.88 	

Rolling Hills	Series 2020A-1
Community Development District	Amortization Schedule
2050 Maturity

PRINCIPAL
	DATE			BALANCE			RATE			INTEREST			PRINCIPAL			TOTAL	

1-May-21	$1,300,000.00	4.875%		$42,250.00		$0.00		
1-Nov-21	$1,300,000.00	4.875%		$31,687.50		$0.00	$73,937.50	
1-May-22	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-22	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-23	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-23	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-24	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-24	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-25	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-25	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-26	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-26	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-27	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-27	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-28	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-28	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-29	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-29	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-30	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-30	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-31	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-31	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-32	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-32	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-33	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-33	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-34	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-34	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-35	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-35	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-36	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-36	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-37	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-37	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-38	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-38	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-39	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-39	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-40	$1,300,000.00	4.875%		$31,687.50		$0.00		
1-Nov-40	$1,300,000.00	4.875%		$31,687.50		$0.00	$63,375.00	
1-May-41	$1,300,000.00	4.875%		$31,687.50		$105,000.00		
1-Nov-41	$1,195,000.00	4.875%		$29,128.13		$0.00	$165,815.63	
1-May-42	$1,195,000.00	4.875%		$29,128.13		$110,000.00		
1-Nov-42	$1,085,000.00	4.875%		$26,446.88		$0.00	$165,575.00	
1-May-43	$1,085,000.00	4.875%		$26,446.88		$115,000.00		
1-Nov-43	$970,000.00	4.875%		$23,643.75		$0.00	$165,090.63	
1-May-44	$970,000.00	4.875%		$23,643.75		$120,000.00		
1-Nov-44	$850,000.00	4.875%		$20,718.75		$0.00	$164,362.50	
1-May-45	$850,000.00	4.875%		$20,718.75		$125,000.00		
1-Nov-45	$725,000.00	4.875%		$17,671.88		$0.00	$163,390.63	
1-May-46	$725,000.00	4.875%		$17,671.88		$130,000.00		
1-Nov-46	$595,000.00	4.875%		$14,503.13		$0.00	$162,175.00	
1-May-47	$595,000.00	4.875%		$14,503.13		$140,000.00		
1-Nov-47	$455,000.00	4.875%		$11,090.63		$0.00	$165,593.75	
1-May-48	$455,000.00	4.875%		$11,090.63		$145,000.00		
1-Nov-48	$310,000.00	4.875%		$7,556.25		$0.00	$163,646.88	
1-May-49	$310,000.00	4.875%		$7,556.25		$150,000.00		
1-Nov-49	$160,000.00	4.875%		$3,900.00		$0.00	$161,456.25	
1-May-50	$160,000.00	4.875%		$3,900.00		$160,000.00		
								$163,900.00 	
			Total				$974,756.25 		  $1,300,000.00 		$2,274,756.25 	

Rolling Hills	Series 2020A-1
Community Development District	Amortization Schedule
Summary

PRINCIPAL
	DATE			BALANCE			RATE			INTEREST			PRINCIPAL			TOTAL	

1-May-21	$2,585,000.00	3.375%	$63,444.50	$40,000.00		
1-Nov-21	$2,585,000.00	3.375%	$59,115.63	$0.00	$162,560.13	
1-May-22	$2,540,000.00	3.375%	$59,115.63	$45,000.00		
1-Nov-22	$2,540,000.00	3.375%	$58,356.25	$0.00	$162,471.88	
1-May-23	$2,490,000.00	3.375%	$58,356.25	$50,000.00		
1-Nov-23	$2,490,000.00	3.375%	$57,512.50	$0.00	$165,868.75	
1-May-24	$2,440,000.00	3.375%	$57,512.50	$50,000.00		
1-Nov-24	$2,440,000.00	3.375%	$56,668.75	$0.00	$164,181.25	
1-May-25	$2,390,000.00	3.375%	$56,668.75	$50,000.00		
1-Nov-25	$2,390,000.00	3.875%	$55,825.00	$0.00	$162,493.75	
1-May-26	$2,390,000.00	3.875%	$55,825.00	$55,000.00		
1-Nov-26	$2,335,000.00	3.875%	$54,759.38	$0.00	$165,584.38	
1-May-27	$2,335,000.00	3.875%	$54,759.38	$55,000.00		
1-Nov-27	$2,280,000.00	3.875%	$53,693.75	$0.00	$163,453.13	
1-May-28	$2,280,000.00	3.875%	$53,693.75	$55,000.00		
1-Nov-28	$2,225,000.00	3.875%	$52,628.13	$0.00	$161,321.88	
1-May-29	$2,225,000.00	3.875%	$52,628.13	$60,000.00		
1-Nov-29	$2,165,000.00	3.875%	$51,465.63	$0.00	$164,093.75	
1-May-30	$2,165,000.00	3.875%	$51,465.63	$60,000.00		
1-Nov-30	$2,105,000.00	4.625%	$50,303.13	$0.00	$161,768.75	
1-May-31	$2,105,000.00	4.625%	$50,303.13	$65,000.00		
1-Nov-31	$2,040,000.00	4.625%	$48,800.00	$0.00	$164,103.13	
1-May-32	$2,040,000.00	4.625%	$48,800.00	$70,000.00		
1-Nov-32	$1,970,000.00	4.625%	$47,181.25	$0.00	$165,981.25	
1-May-33	$1,970,000.00	4.625%	$47,181.25	$70,000.00		
1-Nov-33	$1,900,000.00	4.625%	$45,562.50	$0.00	$162,743.75	
1-May-34	$1,900,000.00	4.625%	$45,562.50	$75,000.00		
1-Nov-34	$1,825,000.00	4.625%	$43,828.13	$0.00	$164,390.63	
1-May-35	$1,825,000.00	4.625%	$43,828.13	$75,000.00		
1-Nov-35	$1,750,000.00	4.625%	$42,093.75	$0.00	$160,921.88	
1-May-36	$1,750,000.00	4.625%	$42,093.75	$80,000.00		
1-Nov-36	$1,670,000.00	4.625%	$40,243.75	$0.00	$162,337.50	
1-May-37	$1,670,000.00	4.625%	$40,243.75	$85,000.00		
1-Nov-37	$1,585,000.00	4.625%	$38,278.13	$0.00	$163,521.88	
1-May-38	$1,585,000.00	4.625%	$38,278.13	$90,000.00		
1-Nov-38	$1,495,000.00	4.625%	$36,196.88	$0.00	$164,475.00	
1-May-39	$1,495,000.00	4.625%	$36,196.88	$95,000.00		
1-Nov-39	$1,400,000.00	4.625%	$34,000.00	$0.00	$165,196.88	
1-May-40	$1,400,000.00	4.625%	$34,000.00	$100,000.00		
1-Nov-40	$1,300,000.00	4.875%	$31,687.50	$0.00	$165,687.50	
1-May-41	$1,300,000.00	4.875%	$31,687.50	$105,000.00		
1-Nov-41	$1,195,000.00	4.875%	$29,128.13	$0.00	$165,815.63	
1-May-42	$1,195,000.00	4.875%	$29,128.13	$110,000.00		
1-Nov-42	$1,085,000.00	4.875%	$26,446.88	$0.00	$165,575.00	
1-May-43	$1,085,000.00	4.875%	$26,446.88	$115,000.00		
1-Nov-43	$970,000.00	4.875%	$23,643.75	$0.00	$165,090.63	
1-May-44	$970,000.00	4.875%	$23,643.75	$120,000.00		
1-Nov-44	$850,000.00	4.875%	$20,718.75	$0.00	$164,362.50	
1-May-45	$850,000.00	4.875%	$20,718.75	$125,000.00		
1-Nov-45	$725,000.00	4.875%	$17,671.88	$0.00	$163,390.63	
1-May-46	$725,000.00	4.875%	$17,671.88	$130,000.00		
1-Nov-46	$595,000.00	4.875%	$14,503.13	$0.00	$162,175.00	
1-May-47	$595,000.00	4.875%	$14,503.13	$140,000.00		
1-Nov-47	$455,000.00	4.875%	$11,090.63	$0.00	$165,593.75	
1-May-48	$455,000.00	4.875%	$11,090.63	$145,000.00		
1-Nov-48	$310,000.00	4.875%	$7,556.25	$0.00	$163,646.88	
1-May-49	$310,000.00	4.875%	$7,556.25	$150,000.00		
1-Nov-49	$160,000.00	4.875%	$3,900.00	$0.00	$161,456.25	
1-May-50	$160,000.00	4.875%	$3,900.00	$160,000.00		
						$163,900.00 	

Rolling Hills	Series 2020A-2
Community Development District	Amortization Schedule
2030 Maturity

PRINCIPAL
	DATE			BALANCE			RATE			INTEREST			PRINCIPAL			TOTAL	

1-May-21	$1,840,000.00	4.750%		$46,370.56		$0.00		
1-Nov-21	$1,840,000.00	4.750%		$43,700.00		$0.00		$90,070.56	
1-May-22	$1,840,000.00	4.750%		$43,700.00		$425,000.00			
1-Nov-22	$1,415,000.00	4.750%		$33,606.25		$0.00		$502,306.25	
1-May-23	$1,415,000.00	4.750%		$33,606.25		$0.00			
1-Nov-23	$1,415,000.00	4.750%		$33,606.25		$0.00		$67,212.50	
1-May-24	$1,415,000.00	4.750%		$33,606.25		$0.00			
1-Nov-24	$1,415,000.00	4.750%		$33,606.25		$0.00		$67,212.50	
1-May-25	$1,415,000.00	4.750%		$33,606.25		$0.00			
1-Nov-25	$1,415,000.00	4.750%		$33,606.25		$0.00		$67,212.50	
1-May-26	$1,415,000.00	4.750%		$33,606.25		$0.00			
1-Nov-26	$1,415,000.00	4.750%		$33,606.25		$0.00		$67,212.50	
1-May-27	$1,415,000.00	4.750%		$33,606.25		$0.00			
1-Nov-27	$1,415,000.00	4.750%		$33,606.25		$0.00		$67,212.50	
1-May-28	$1,415,000.00	4.750%		$33,606.25		$0.00			
1-Nov-28	$1,415,000.00	4.750%		$33,606.25		$0.00		$67,212.50	
1-May-29	$1,415,000.00	4.750%		$33,606.25		$0.00			
1-Nov-29	$1,415,000.00	4.750%		$33,606.25		$0.00		$67,212.50	
1-May-30	$1,415,000.00	4.750%		$33,606.25		$1,415,000.00		$1,448,606.25	
			Total				$671,470.56 		  $1,840,000.00 			$2,511,470.56 	

22

Rolling Hills
Community Development District	Debt Service Fund
Series 2022 A-1/A-2

	Proposed
Budget		Actual
thru		Projected
Next	
Total
Projected at		Approved
Budget	
 Description				FY2022				4/30/22			  5 Months			9/30/22				FY2023		
Revenues										
Assessments - A-1		$0		$0		$0	$0		$345,544	
Assessments - A-2		$0		$0		$0	$0		$173,010	
Interest Income		$0		$5		$0	$5		$0	
Carry Forward Surplus		$0		$0		$0	$0		$201,782	
Total Revenues			$0 			$5 			$0 	
	$5 			$720,336 	
Expenditures										
Series 2022 A1										
Interest 11/1		$0		$0		$0	$0		$115,272	
Interest 5/1		$51,232		$0		$51,232	$51,232		$115,272	
Principal 5/1		$0		$0		$0	$0		$115,000	
Series 2022 A2										
Interest 11/1		$0		$0		$0	$0		$86,505	
Interest 5/1		$38,447		$0		$38,447	$38,447		$86,505	
Principal 5/1		$0		$0		$0	$0		$0	
Total Debt Service Expenditures			$89,679 			$0 			$89,679 	
	$89,679 			$518,554 	
Other Financing Sources/(Uses)										
Bond Proceeds		$2,749,370		$2,749,370		$0	$2,749,370		$0	
Interfund Transfer Out		($1,936,783)		($1,936,783)		$0	($1,936,783)		$0	
Total Other			$812,587 			$812,587 			$0 	
	$812,587 			$0 	
EXCESS REVENUES / (EXPENDITURES)		$722,908		$812,592		($89,679)	$722,913			$201,782 	
							
A1 11/1/23 Interest		
$113,475	
							A2 11/1/23 Interest		$86,505	
				
23					$199,980	

Rolling Hills	Series 2022A-1
Community Development District	Amortization Schedule
2052 Maturity

	DATE			PRINCIPAL
	BALANCE			
	RATE			
	INTEREST			
	PRINCIPAL			
	TOTAL		
1-May-22		$6,130,000.00		3.125%		$51,231.94		$0.00			
1-Nov-22		$6,130,000.00		3.125%		$115,271.88		$0.00		$166,503.82	
1-May-23		$6,130,000.00		3.125%		$115,271.88		$115,000.00			
1-Nov-23		$6,015,000.00		3.125%		$113,475.00		$0.00		$343,746.88	
1-May-24		$6,015,000.00		3.125%		$113,475.00		$120,000.00			
1-Nov-24		$5,895,000.00		3.125%		$111,600.00		$0.00		$345,075.00	
1-May-25		$5,895,000.00		3.125%		$111,600.00		$125,000.00			
1-Nov-25		$5,770,000.00		3.125%		$109,646.88		$0.00		$346,246.88	
1-May-26		$5,770,000.00		3.125%		$109,646.88		$130,000.00			
1-Nov-26		$5,640,000.00		3.125%		$107,615.63		$0.00		$347,262.51	
1-May-27		$5,640,000.00		3.125%		$107,615.63		$135,000.00			
1-Nov-27		$5,505,000.00		3.400%		$105,506.25		$0.00		$348,121.88	
1-May-28		$5,505,000.00		3.400%		$105,506.25		$135,000.00			
1-Nov-28		$5,370,000.00		3.400%		$103,211.25		$0.00		$343,717.50	
1-May-29		$5,370,000.00		3.400%		$103,211.25		$140,000.00			
1-Nov-29		$5,230,000.00		3.400%		$100,831.25		$0.00		$344,042.50	
1-May-30		$5,230,000.00		3.400%		$100,831.25		$145,000.00			
1-Nov-30		$5,085,000.00		3.400%		$98,366.25		$0.00		$344,197.50	
1-May-31		$5,085,000.00		3.400%		$98,366.25		$150,000.00			
1-Nov-31		$4,935,000.00		3.400%		$95,816.25		$0.00		$344,182.50	
1-May-32		$4,935,000.00		3.750%		$95,816.25		$155,000.00			
1-Nov-32		$4,780,000.00		3.750%		$93,181.25		$0.00		$343,997.50	
1-May-33		$4,780,000.00		3.750%		$93,181.25		$160,000.00			
1-Nov-33		$4,620,000.00		3.750%		$90,181.25		$0.00		$343,362.50	
1-May-34		$4,620,000.00		3.750%		$90,181.25		$170,000.00			
1-Nov-34		$4,450,000.00		3.750%		$86,993.75		$0.00		$347,175.00	
1-May-35		$4,450,000.00		3.750%		$86,993.75		$175,000.00			
1-Nov-35		$4,275,000.00		3.750%		$83,712.50		$0.00		$345,706.25	
1-May-36		$4,275,000.00		3.750%		$83,712.50		$180,000.00			
1-Nov-36		$4,095,000.00		3.750%		$80,337.50		$0.00		$344,050.00	
1-May-37		$4,095,000.00		3.750%		$80,337.50		$190,000.00			
1-Nov-37		$3,905,000.00		3.750%		$76,775.00		$0.00		$347,112.50	
1-May-38		$3,905,000.00		3.750%		$76,775.00		$195,000.00			
1-Nov-38		$3,710,000.00		3.750%		$73,118.75		$0.00		$344,893.75	
1-May-39		$3,710,000.00		3.750%		$73,118.75		$205,000.00			
1-Nov-39		$3,505,000.00		3.750%		$69,275.00		$0.00		$347,393.75	
1-May-40		$3,505,000.00		3.750%		$69,275.00		$210,000.00			
1-Nov-40		$3,295,000.00		3.750%		$65,337.50		$0.00		$344,612.50	
1-May-41		$3,295,000.00		3.750%		$65,337.50		$220,000.00			
1-Nov-41		$3,075,000.00		3.750%		$61,212.50		$0.00		$346,550.00	
1-May-42		$3,075,000.00		3.750%		$61,212.50		$230,000.00			
1-Nov-42		$2,845,000.00		4.000%		$56,900.00		$0.00		$348,112.50	
1-May-43		$2,845,000.00		4.000%		$56,900.00		$235,000.00			
1-Nov-43		$2,610,000.00		4.000%		$52,200.00		$0.00		$344,100.00	
1-May-44		$2,610,000.00		4.000%		$52,200.00		$245,000.00			
1-Nov-44		$2,365,000.00		4.000%		$47,300.00		$0.00		$344,500.00	
1-May-45		$2,365,000.00		4.000%		$47,300.00		$255,000.00			
1-Nov-45		$2,110,000.00		4.000%		$42,200.00		$0.00		$344,500.00	
1-May-46		$2,110,000.00		4.000%		$42,200.00		$265,000.00			
1-Nov-46		$1,845,000.00		4.000%		$36,900.00		$0.00		$344,100.00	
1-May-47		$1,845,000.00		4.000%		$36,900.00		$275,000.00			
1-Nov-47		$1,570,000.00		4.000%		$31,400.00		$0.00		$343,300.00	
1-May-48		$1,570,000.00		4.000%		$31,400.00		$290,000.00			
1-Nov-48		$1,280,000.00		4.000%		$25,600.00		$0.00		$347,000.00	
1-May-49		$1,280,000.00		4.000%		$25,600.00		$300,000.00			
1-Nov-49		$980,000.00		4.000%		$19,600.00		$0.00		$345,200.00	
1-May-50		$980,000.00		4.000%		$19,600.00		$315,000.00			
1-Nov-50		$665,000.00		4.000%		$13,300.00		$0.00		$347,900.00	
1-May-51		$665,000.00		4.000%		$13,300.00		$325,000.00			
1-Nov-51		$340,000.00		4.000%		$6,800.00		$0.00		$345,100.00	
1-May-52		$340,000.00			4.000%				$6,800.00 			$340,000.00 		 		
					Total				$4,398,563.22 		  $6,130,000.00 			$10,181,763.22 	

24

Rolling Hills	Series 2022A-2
Community Development District	Amortization Schedule
2032 Maturity

PRINCIPAL
	DATE			BALANCE			RATE			INTEREST			PRINCIPAL			TOTAL	

1-May-22	$4,740,000.00	3.650%		$38,446.66		$0.00		
1-Nov-22	$4,740,000.00	3.650%		$86,505.00		$0.00	$124,951.66	
1-May-23	$4,740,000.00	3.650%		$86,505.00		$0.00		
1-Nov-23	$4,740,000.00	3.650%		$86,505.00		$0.00	$173,010.00	
1-May-24	$4,740,000.00	3.650%		$86,505.00		$0.00		
1-Nov-24	$4,740,000.00	3.650%		$86,505.00		$0.00	$173,010.00	
1-May-25	$4,740,000.00	3.650%		$86,505.00		$0.00		
1-Nov-25	$4,740,000.00	3.650%		$86,505.00		$0.00	$173,010.00	
1-May-26	$4,740,000.00	3.650%		$86,505.00		$0.00		
1-Nov-26	$4,740,000.00	3.650%		$86,505.00		$0.00	$173,010.00	
1-May-27	$4,740,000.00	3.650%		$86,505.00		$0.00		
1-Nov-27	$4,740,000.00	3.650%		$86,505.00		$0.00	$173,010.00	
1-May-28	$4,740,000.00	3.650%		$86,505.00		$0.00		
1-Nov-28	$4,740,000.00	3.650%		$86,505.00		$0.00	$173,010.00	
1-May-29	$4,740,000.00	3.650%		$86,505.00		$0.00		
1-Nov-29	$4,740,000.00	3.650%		$86,505.00		$0.00	$173,010.00	
1-May-30	$4,740,000.00	3.650%		$86,505.00		$0.00		
1-Nov-30	$4,740,000.00	3.650%		$86,505.00		$0.00	$173,010.00	
1-May-31	$4,740,000.00	3.650%		$86,505.00		$0.00		
1-Nov-31	$4,740,000.00	3.650%		$86,505.00		$0.00	$173,010.00	
1-May-32	$4,740,000.00	3.650%		$86,505.00		$4,740,000.00		
								$4,826,505.00 	
			Total				$1,768,546.66 		  $4,740,000.00 		$6,508,546.66 	

25