Adopted Budget
Fiscal Year 2024

Rolling Hills Community Development District

August 15, 2023

Rolling Hills
Community Development District	General Fund

	Adopted
Budget		Actual
thru		Projected
Next		Total
Projected at		Adopted
Budget	
 Description				FY2023			  7/31/23			  2 Months 			9/30/23			  FY2024 	
Revenues
Assessments - On Roll		
$908,410		
$448,606		
$0		
$448,606		
$908,410	
Assessments - Direct Platted		$0		$316,930		$143,840		$460,770		$0	
Swim & Tennis Program Fees		$0		$550		$800		$1,350		$1,350	
Interest/Misc Income		$0		$5,538		$1,500		$7,038		$4,600	
Facility Rental Fees		$3,500		$3,500		$2,000		$5,500		$3,500	
Land Sale Proceeds		$0		$14,800		$0		$14,800		$0	
Total Revenues			$911,910 		  $789,924 			$148,140 			$938,064 		  $917,860 	

Expenditures											
Administrative
Supervisor Fees		
$8,000		
$5,200		
$2,000		
$7,200		
$8,000	
FICA Expense		$612		$398		$153		$551		$612	
Engineering		$2,000		$0		$2,000		$2,000		$2,000	
Arbitrage		$1,800		$1,200		$600		$1,800		$2,400	
Dissemination Agent		$7,500		$6,250		$1,250		$7,500		$10,000	
Assessment Roll		$5,000		$5,000		$0		$5,000		$10,000	
Attorney		$20,000		$15,009		$5,003		$20,012		$20,000	
Annual Audit		$3,200		$7,300		$0		$7,300		$7,500	
Trustee		$12,122		$16,163		$0		$16,163		$16,163	
Management Fees		$42,436		$35,363		$7,073		$42,436		$44,982	
Information Technology		$1,000		$833		$167		$1,000		$1,800	
Website Maitenance		$2,500		$2,311		$417		$2,728		$1,200	
Telephone		$500		$111		$350		$461		$500	
Postage		$500		$306		$350		$656		$500	
Printing		$1,250		$597		$199		$796		$1,250	
Travel & Per Diem		$500		$0		$0		$0		$0	
Insurance		$10,729		$9,611		$0		$9,611		$11,053	
Legal Advertising		$5,000		$431		$1,500		$1,931		$2,000	
Other Current Charges		$1,400		$205		$400		$605		$1,000	
Office Supplies		$100		$161		$54		$215		$100	
Dues, Licenses & Subscriptions		$175		$175		$0		$175		$175	
Administrative Expenses			$126,324 		  $106,624 			$21,515 			$128,139 		  $141,234 	
Field
Operations Management		
$23,944		
$19,953		
$3,991		
$23,944		
$24,662	
Utilities - Irrigation & Streetlights		$35,000		$28,127		$5,625		$33,752		$35,000	
Repairs & Maintenance		$40,000		$22,220		$4,444		$26,664		$40,000	
Landscape		$78,540		$62,872		$12,759		$75,631		$80,000	
Landscape - Contingency		$15,000		$478		$15,000		$15,478		$15,000	
Mulch		$15,000		$0		$15,000		$15,000		$15,000	
Lake Maintenance		$8,000		$5,106		$6,000		$11,106		$14,200	
Irrigation Repairs		$5,000		$5,165		$2,583		$7,748		$5,719	
Miscellaneous		$0		$0		$500		$500		$0	
Field Expenses			$220,484 		  $143,921 			$65,901 			$209,822 		  $229,581 	

1

Rolling Hills
Community Development District	General Fund

 		  		

Adopted	Actual	Projected		Total Budget		thru		Next	Projected at
 Description			FY2023		 7/31/23		 2 Months 		9/30/23	

Adopted Budget
  FY2024 

Amenity Center		
Facility Management	$63,743		$53,119		$10,624		$63,743		$67,568	
Facility Asst/Gate Monitor	$10,500		$3,961		$9,750		$13,711		$17,000	
Pool Attendants	$40,754		$1,625		$35,000		$36,625		$40,754	
Refuse Service	$7,200		$5,615		$1,100		$6,715		$7,200	
Security	$15,000		$8,135		$9,714		$17,849		$25,000	
Utilities	$55,000		$37,269		$12,423		$49,692		$55,000	
Recreation Passes	$1,000		$0		$1,000		$1,000		$1,000	
Repairs & Maintenance	$40,000		$42,573		$20,000		$62,573		$40,000	
Janitorial	$13,862		$11,552		$3,851		$15,403		$14,694	
Pool Maintenance	$14,742		$12,285		$2,457		$14,742		$15,627	
Special Events	$6,000		$3,013		$6,000		$9,013		$8,000	
Operating Supplies	$10,000		$6,986		$2,329		$9,315		$10,000	
Pool Chemicals	$11,000		$13,826		$6,000		$19,826		$15,000	
Permit	$375		$475		$0		$475		$475	
Insurance	$41,665		$29,256		$0		$29,256		$41,665	
Capital Outlay	$0		$20,680		($20,680)		$0		$0	
Amenity Center		$330,841 		  $250,370 			$99,567 			$349,937 		  $358,983 	
Total Expenses		$677,649 		  $500,915 			$186,983 			$687,898 		  $729,798 	

OTHER FINANCING SOURCES/(USES)

Interfund Transfer Out - Cap Reserve	($234,261)	$0	($234,261)	($234,261)	($188,062)

TOTAL OTHER FINANCING
SOURCES/(USES)		($234,261)	$0	($234,261)	($234,261) 	 ($188,062) 

ASSIGNED FUND BALANCE		$0 		 
  $289,009 	 ($273,104) 		$15,905 			$0 	
				FY 2023		FY 2024	
	Platted Lots:				
	Assessments - Platted Lots On Roll	761		761	
	Net-Assessment Rate	$1,193.71		$1,193.71	
	Total Net Assessments	$908,410.27		$908,410.27	
	Gross Assessment (6% Discount)	$966,393.90		$966,393.90	
	Gross Assessment - Per Unit	$1,269.90		$1,269.90	

2

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2024

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.

Swim & Tennis Program Fees

Represents fees collected for the use of Pool and Tennis amenities.

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 2024

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
$6,130,000 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.

Information Technology

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.

Website Maintenance

Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.

Telephone

Telephone and fax machine.

Postage

Mailing of checks, payroll, overnight deliveries, correspondence, etc.

Printing

Printing of computerized checks, stationary, envelopes etc.

Insurance-Liability

The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2024

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings etc.

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.

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	$	48	$	576	
****259	3236-1 Bradley Creek Dr	$	37	$	444	
****275	3314-1 Bradly Creek Dr	$	35	$	420	
****283	2448 Rolling View Blvd	$	87	$	1,044	

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2024

Clay County Utility Authority

****68	3212-1 Bradley Creek Reclaim	$	137	$	1,644	
****69	3212-2 Bradley Creek Reclaim	$	375	$	4,500	
****84	3215-2 Bradley Creek Reclaim	$	175	$	2,100	
****42	3212-3 Bradley Creek Irrigation	$  1,350	$	16,200	
Contingency			$	8,072.00	
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.

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.

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2024

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

$	3,560.00

$ 42,720.00

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

Cable/Internet/Telephone	

$	300.00	

$	3,600.00	
Contingency			$	4,480.00	
			$ 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:

Janitorial

•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

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.

Rolling Hills
Community Development District
GENERAL FUND BUDGET
Fiscal Year 2024

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 Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Other Sources/(Uses):

Transfer Out – Capital Reserve

Funds are transferred to the Capital Reserve to fund restoration and refurbishment projects as approved by the Board of Supervisors.

8

Rolling Hills
Community Development District	Capital Reserve

	Adopted
Budget		Actual
thru		Projected
Next		Total
Projected at		Adopted
Budget	
 Description			FY2023			  7/31/23			  2 Months				9/30/23				FY2024		
Revenues
Interest Income	
$0		
$5,429		
$1,500		
$6,929		
$0	
Carry Forward Surplus	$137,720		$316,930		$0		$316,930		$537,440	
Total Revenues		$137,720 		  $322,359 			$1,500 			$323,859 			$537,440 	

Expenditures										
Capital Outlay	$0		$0		$20,680		$20,680		$442,300	
Total Expenses		$0 			$0 			$20,680 			$20,680 			$442,300 	
OTHER FINANCING SOURCES/(USES)										
Interfund Transfer In	$234,261		$0		$234,261		$234,261		$188,062	
TOTAL OTHER FINANCING										
SOURCES/(USES)		$234,261 		$0 		$234,261 		$234,261 		$188,062 	
		 			$0 	 		 		
ASSIGNED FUND BALANCE		$371,981 	  $322,359 		$215,081 		$537,440 		$283,202 	

Rolling Hills
Community Development District	Debt Service Fund
Series 2015 A1

	Adopted
Budget		Actual
thru		Projected
Next		 
Total	Adopted
Projected at	Budget	
 Description				FY2023				7/31/23			  2 Months 			9/30/23	 	FY2024		
Revenues									
Assessments		$174,001		$173,174		$0		$173,174	$174,001	
Interest Income		$0		$3,990		$750		$4,740	$0	
Prepayments		$0		$0		$0		$0	$0	
Carry Forward Surplus		$62,622		$53,494		$0		$53,494	$56,485	
Total Revenues			$236,623 			$230,658 			$750 		 
	$231,408  	$230,486 	

Expenditures									
Series 2015 A-1									
Interest 11/1		$47,461		$47,461		$0		$47,461	$45,411	
Principal 5/1		$80,000		$80,000		$0		$80,000	$85,000	
Interest 5/1		$47,461		$47,461		$0		$47,461	$45,411	
Total Debt Service Expenditures			$174,923 			$174,923 			$0 		 
	$174,923  	$175,823 	
EXCESS REVENUES / (EXPENDITURES)			$61,700 			$55,735 			$750 		 
	$56,485  	$54,664 	
								
11/1/24 Interest  $	43,233.13	

10

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		Adopted
Budget	
 Description				FY2023				7/31/23			  2 Months 			9/30/23				FY2024		
Revenues											

Assessments		$136,800		$137,096		$0		$137,096		$136,800	
Interest Income		$0		$3,828		$0		$3,828		$0	
Carry Forward Surplus		$42,550		$42,645		$0		$42,645		$48,313	
Total Revenues			$179,350 			$183,569 			$0 			$183,569 			$185,113 	

Expenditures											
Series 2015 A-2
Interest - 11/1		
$37,628		
$37,628		
$0		
$37,628		
$35,944	
Principal - 5/1		$55,000		$55,000		$0		$55,000		$60,000	
Interest - 5/1		$37,628		$37,628		$0		$37,628		$35,944	
Special Call - 5/1		$0		$5,000		$0		$5,000		$0	
Total Debt Service Expenditures			$130,256 			$135,256 			$0 			$135,256 			$131,888 	
EXCESS REVENUES / (EXPENDITURES)			$49,094 			$48,313 			$0 			$48,313 			$53,226 	

11/1/24 Interest - 2015 A-2	$34,406

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

DATE		RATE		INTEREST	
11/01/23	$	1,320,000.00	5.13%		$	35,943.75	$	35,943.75	
05/01/24	$	1,320,000.00	5.13%	$	60,000.00	$	35,943.75		
11/01/24	$	1,260,000.00	5.13%		$	34,406.25	$	130,350.00	
05/01/25	$	1,260,000.00	5.13%	$	65,000.00	$	34,406.25		
11/01/25	$	1,195,000.00	5.13%		$	32,740.63	$	132,146.88	
05/01/26	$	1,195,000.00	5.13%	$	65,000.00	$	32,740.63		
11/01/26	$	1,130,000.00	5.13%		$	31,075.00	$	128,815.63	
05/01/27	$	1,130,000.00	5.45%	$	80,000.00	$	31,075.00		
11/01/27	$	1,050,000.00	5.45%		$	28,875.00	$	139,950.00	
05/01/28	$	1,050,000.00	5.45%	$	80,000.00	$	28,875.00		
11/01/28	$	970,000.00	5.45%		$	26,675.00	$	135,550.00	
05/01/29	$	970,000.00	5.45%	$	85,000.00	$	26,675.00		
11/01/29	$	885,000.00	5.45%		$	24,337.50	$	136,012.50	
05/01/30	$	885,000.00	5.45%	$	90,000.00	$	24,337.50		
11/01/30	$	795,000.00	5.45%		$	21,862.50	$	136,200.00	
05/01/31	$	795,000.00	5.45%	$	95,000.00	$	21,862.50		
11/01/31	$	700,000.00	5.45%		$	19,250.00	$	136,112.50	
05/01/32	$	700,000.00	5.60%	$	100,000.00	$	19,250.00		
11/01/32	$	600,000.00	5.60%		$	16,500.00	$	135,750.00	
05/01/33	$	600,000.00	5.60%	$	105,000.00	$	16,500.00		
11/01/33	$	495,000.00	5.60%		$	13,612.50	$	135,112.50	
05/01/34	$	495,000.00	5.60%	$	115,000.00	$	13,612.50		
11/01/34	$	380,000.00	5.60%		$	10,450.00	$	139,062.50	
05/01/35	$	380,000.00	5.60%	$	120,000.00	$	10,450.00		
11/01/35	$	260,000.00	5.60%		$	7,150.00	$	137,600.00	
05/01/36	$	260,000.00	5.60%	$	130,000.00	$	7,150.00		
11/01/36	$	130,000.00	5.60%		$	3,575.00	$	140,725.00	
05/01/37	$	130,000.00	5.60%	$	130,000.00	$	3,575.00	$	133,575.00	
				$	1,320,000.00	$	612,906.26	$	1,932,906.26	
**Revised as of 3/30/23

$	2,640,000.00 $	1,225,812.52 $	3,865,812.52

Rolling Hills
Community Development District	Debt Service Fund
Series 2015 A3

	Adopted
Budget		Actual
thru		Projected
Next		Total
Projected at		Adopted
Budget	
 Description				FY2023				7/31/23				2 Months				9/30/23				FY2024		
Revenues											
Assessments - Tax Roll		$41,481		$40,786		$0		$40,786		$41,481	
Assessments - Direct		$0		$0		$0		$0		$0	
Interest Income		$0		$587		$50		$637		$0	
Carry Forward Surplus		$13,746		$13,627		$0		$13,627		$14,590	
Total Revenues			$55,227 			$55,000 			$50 			$55,050 			$56,071 	

Expenditures											
Series 2015 A-3											
Interest 11/1		$12,730		$12,730		$0		$12,730		$12,228	
Interest 5/1		$12,730		$12,730		$0		$12,730		$12,228	
Principal 5/1		$15,000		$15,000		$0		$15,000		$15,000	
Total Debt Service Expenditures			$40,460 			$40,460 			$0 			$40,460 			$39,455 	
EXCESS REVENUES / (EXPENDITURES)			$14,767 			$14,540 			$50 			$14,590 			$16,616 	
								
11/1/24 Interest		
$11,725	

14

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	Adopted Budget		thru		Next	Projected at		Budget
 Description			FY2023				7/31/23			  2 Months				9/30/23				FY2024		
Revenues										
Assessments - A-1	$165,981		$146,304		$19,677		$165,981		$165,981	
Assessments - A-2	$67,213		$33,013		$33,013		$66,025		$67,213	
Prepayments A2	$0		$0		$0		$0		$0	
Interest Income	$0		$5,726		$1,000		$6,726		$0	
Carry Forward Surplus	$67,375		$62,549		$0		$62,549		$68,544	
Total Revenues		$300,569 			$247,591 			$53,690 			$301,281 			$301,738 	
Expenditures										
Series 2020 A1										
Interest 11/1	$58,356		$58,356		$0		$58,356		$57,513	
Interest 5/1	$58,356		$58,356		$0		$58,356		$57,513	
Principal 5/1	$50,000		$50,000		$0		$50,000		$50,000	
Series 2020 A2										
Interest 11/1	$33,013		$33,013		$0		$33,013		$33,013	
Interest 5/1	$33,013		$33,013		$0		$33,013		$33,013	
Total Debt Service Expenditures		$232,738 			$232,738 			$0 			$232,738 			$231,050 	
EXCESS REVENUES / (EXPENDITURES)		$67,832	$14,854	$53,690	$68,544 			$70,688 	
	A1 1/1/24 Interest		$56,669	

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		$43,965.63	
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				$20,671.88 			$235,000.00 			$255,671.88 	

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		
								$61,162.50 	
			Total				$85,250.00 			$285,000.00 		$370,250.00 	

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		
								$102,312.50 	
			Total				$200,609.38 			$805,000.00 		$1,005,609.38 	

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-Aug-22	$1,415,000.00	4.750%		$296.88		$25,000.00			
1-Nov-22	$1,390,000.00	4.750%		$33,012.50		$0.00		$527,009.38	
1-May-23	$1,390,000.00	4.750%		$33,012.50		$0.00			
1-Nov-23	$1,390,000.00	4.750%		$33,012.50		$0.00		$66,025.00	
1-May-24	$1,390,000.00	4.750%		$33,012.50		$0.00			
1-Nov-24	$1,390,000.00	4.750%		$33,012.50		$0.00		$66,025.00	
1-May-25	$1,390,000.00	4.750%		$33,012.50		$0.00			
1-Nov-25	$1,390,000.00	4.750%		$33,012.50		$0.00		$66,025.00	
1-May-26	$1,390,000.00	4.750%		$33,012.50		$0.00			
1-Nov-26	$1,390,000.00	4.750%		$33,012.50		$0.00		$66,025.00	
1-May-27	$1,390,000.00	4.750%		$33,012.50		$0.00			
1-Nov-27	$1,390,000.00	4.750%		$33,012.50		$0.00		$66,025.00	
1-May-28	$1,390,000.00	4.750%		$33,012.50		$0.00			
1-Nov-28	$1,390,000.00	4.750%		$33,012.50		$0.00		$66,025.00	
1-May-29	$1,390,000.00	4.750%		$33,012.50		$0.00			
1-Nov-29	$1,390,000.00	4.750%		$33,012.50		$0.00		$66,025.00	
1-May-30	$1,390,000.00	4.750%		$33,012.50		$1,415,000.00		$1,448,012.50	
			Total				$662,267.44 		  $1,865,000.00 			$2,527,267.44 	

22

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

	Adopted
Budget		Actual
thru		Projected
Next	
Total
Projected at		Adopted
Budget	
 Description				FY2023				7/31/23			  2 Months			9/30/23				FY2024		
Revenues										
Assessments - A-1		$345,544		$254,271		$91,273	$345,544		$345,544	
Assessments - A-2		$173,010		$86,505		$86,505	$173,010		$173,010	
Interest Income		$0		$11,888		$1,500	$13,388		$0	
Carry Forward Surplus		$201,782		$202,271		$0	$202,271		$211,927	
Total Revenues			$720,336 			$554,935 			$179,278 	
	$734,213 			$730,481 	
Expenditures										
Series 2022 A1										
Interest 11/1		$115,272		$115,272		$0	$115,272		$113,475	
Interest 5/1		$115,272		$115,272		$0	$115,272		$113,475	
Principal 5/1		$115,000		$115,000		$0	$115,000		$120,000	
Series 2022 A2										
Interest 11/1		$86,505		$86,505		$0	$86,505		$86,505	
Interest 5/1		$86,505		$86,505		$0	$86,505		$86,505	
Total Debt Service Expenditures			$518,554 			$518,554 			$0 	
	$518,554 			$519,960 	
Other Financing Sources/(Uses)										
Interfund Transfer Out		$0		($2,482)		($1,250)	($3,732)		$0	
Total Other			$0 			($2,482) 			($1,250) 	
	($3,732) 			$0 	
EXCESS REVENUES / (EXPENDITURES)		$201,782		$33,899		$178,028	$211,927			$210,521 	
							
A1 11/1/24 Interest		
$111,600	
							A2 11/1/24 Interest		$86,505	
				
23					$198,105	

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 			$346,800.00 	
					Total				$4,398,563.22 		  $6,130,000.00 			$10,528,563.22 	

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