Rolling Hills
Community Development District

Approved Proposed Budget
FY2026

	Table of Contents	

1-2	
General Fund	

3	
Capital Reserve Fund	

4-7	
Narratives	

8	
Debt Service Fund Series 2015A1	

9	
Series 2015A1 Amortization Schedule	

10	
Debt Service Fund Series 2015A2	

11	
Series 2015A2 Amortization Schedule	

12	
Debt Service Fund Series 2015A3	

13	
Series 2015A3 Amortization Schedule	

14	
Debt Service Fund Series 2020	

15-16	
Series 2020A1 and A2 Amortization Schedules	

17	
Debt Service Fund Series 2022	

18-19	
Series 2022A1 and A2 Amortization Schedules	

20	
Assessment Schedule	

Description	Adopted Budget
FY2025	
Actuals Thru

4/30/25	
Projected Next

  5 Months		Projected Thru
9/30/25	Approved Proposed Budget
FY 2026	
REVENUES:						
Special Assessments - On Roll	$ 1,266,081	$	1,249,492	$	16,589	$ 1,266,081	$ 1,254,333	
Swim & Tennis Program Fees	500	800	500	1,300	750	
Facility Rental Fees	4,600	3,247	2,500	5,747	4,600	
Interest/Misc. Income	3,500	20,140	7,500	27,640	15,000	
Insurance Proceeds	-	19,329	-	19,329	-	
TOTAL REVENUES	$1,274,681	$ 1,293,008	$	27,089	$1,320,097	$1,274,683	

EXPENDITURES:						
Administrative:						
Supervisor Fees	$	8,000	$	3,800	$	2,000	$	5,800	$	8,000	
FICA Taxes	612	291	153	444	612	
Engineer Fees	2,000	-	3,600	3,600	4,000	
Attorney	20,000	6,077	9,724	15,801	20,000	
Annual Audit	7,500	-	7,500	7,500	8,000	
Assessment Administration	10,600	10,600	-	10,600	11,130	
Arbitrage Rebate	2,400	1,200	1,200	2,400	2,400	
Dissemination Agent	10,600	6,183	4,417	10,600	11,130	
Trustee Fees	16,163	16,163	(0)	16,163	17,738	
Management Fees	47,681	27,814	19,867	47,681	50,065	
Information Technology	1,908	1,113	795	1,908	2,003	
Website Administration	1,272	742	530	1,272	1,336	
Telephone	500	246	176	422	500	
Postage & Delivery	500	443	316	759	800	
General Liability & Public Officials Insurance	10,572	10,284	-	10,284	12,070	
Printing & Binding	1,250	128	91	219	1,250	
Legal Advertising	2,000	267	1,000	1,267	2,000	
Bank Fees and Other Charges	1,000	254	181	435	1,000	
Office Supplies	100	23	16	39	100	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$  144,833	$	85,803	$	51,567	$  137,370	$  154,309	

Operations & Maintenance						
Field Operations						
Operations Management	$	26,142	$	15,250	$	10,893	$	26,142	$	27,449	
Utilities - Irrigation & Streetlights	35,270	32,929	23,520	56,449	63,175	
Repairs & Maintenance	40,000	6,092	4,352	10,444	15,000	
Landscape	94,147	61,234	43,739	104,972	101,036	
Landscape - Contingency	15,000	1,210	864	2,074	13,000	
Mulch	15,000	15,000	-	15,000	15,000	
Lake Maintenance	14,200	6,875	5,125	12,000	14,400	
Irrigation Repairs	5,750	2,985	2,132	5,117	5,750	
Miscellaneous	-	101	-	101	-	
Total Field Operations	$  245,509	$	141,675	$	90,624	$  232,299	$  254,810	

Adopted Budget	
Actuals Thru	
Projected Next	Projected	Approved
Thru	Proposed
Budget	
Description	FY2025	4/30/25	  5 Months		9/30/25	FY 2026	

Amenity Center Operations						
Facility Management	$	71,622	$	41,780	$	29,843	$	71,622	$	75,203	
Facility Asst/Gate Monitor	17,000	5,977	5,123	11,100	17,000	
Pool Attendants	40,754	1,147	40,000	41,147	40,754	
Refuse Service	10,000	6,365	4,546	10,911	12,988	
Security	25,000	5,560	3,971	9,531	25,000	
Utilities	55,000	19,006	20,590	39,596	40,000	
Recreation Passes	1,000	-	-	-	1,000	
Repairs & Maintenance	40,000	19,257	19,257	38,513	40,000	
Janitorial	16,792	9,795	6,997	16,792	17,632	
Pool Maintenance	18,284	11,941	8,529	20,470	21,735	
Special Events	8,000	3,543	4,500	8,043	8,000	
Operating Supplies	10,000	2,082	1,487	3,570	10,000	
Pool Chemicals	20,000	13,442	9,602	23,044	25,000	
Permit	475	-	475	475	500	
Insurance	37,767	35,261	-	35,261	38,082	
Capital Outlay	-	90,622	(90,622)	-	-	
Total Amenity Center Operations	$  371,694	$	265,777	$	64,298	$  330,075	$  372,894	
						
TOTAL EXPENDITURES	$  762,036	$	493,255	$  206,490	$  699,744	$  782,013	

Other Sources/(Uses)						
Interfund Transfer Out - Cap Reserve	$  (512,645)	$	-	$  (512,645)	$  (512,645)	$  (492,670)	
TOTAL OTHER SOURCES/(USES)	$ (512,645)	$	-	$ (512,645)	$ (512,645)	$ (492,670)	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$	799,753	$ (692,046)	$  107,708	$	-	

Gross Assessments	$ 1,346,897	
Less: Discounts & Collections 6%		80,814 	
Net Assessments	 $1,266,083 	

Product

Assessable		Total Gross Units	Assessment

FY25
Gross Per Unit

FY26
Gross Per Unit

Increase/ (Decrease)

Single Family A1	196	$ 346,901.08	$	1,769.90	$	1,769.90	$	0.00	
Single Family A2	126	$ 223,007.84	$	1,769.90	$	1,769.90	$	0.00	
Single Family Seasons A3	53	$	93,804.88	$	1,769.90	$	1,769.90	$	0.00	
Single Family 50's	386	$ 683,182.75	$	1,769.90	$	1,769.90	$	0.00	
Total	761	$1,346,896.56	

Proposed Budget Capital Reserve Fund

Adopted
Budget	Actuals Thru Projected Next
FY2025

Description

4/30/25

  5 Months	

Projected Thru
9/30/25

Approved Proposed Budget FY 2026

REVENUES:		
Interest Income	$	10,000	$	5,517	$	12,000	$	17,517	$	10,000	
Capital Reserve-Transfer In	512,645	-	512,645	512,645	492,670	
Carry Forward Balance	146,357	200,886	-	200,886	640,426	
TOTAL REVENUES	$  669,002	$  206,403	$  524,645	$  731,048	$  1,143,096	

EXPENDITURES:						

Capital Outlay	
$	-	$	-	$	90,622	
$	90,622	
$	400,000	
TOTAL EXPENDITURES	$	-	$	-	$	90,622	$	90,622	$	400,000	
				
TOTAL EXPENDITURES	$	-	$	-	$	90,622	$	90,622	$	400,000	

EXCESS REVENUES (EXPENDITURES)

$  669,002  $  206,403  $  434,023  $  640,426  $	743,096

Capital Reserve Study

Description	FY 2026-
Reserve Study	
Reserves Beginning of Year	$  620,988.00	
Contributions	122,709	
Interest Income	4,291	
Expenditures	(469,875)	
Anticipated Balance	278,113	

Budget Fiscal Year 2026		

Description	Projected FY 2026	
Reserves Beginning of Year	$	640,426	
Contributions	492,670	
Interest Income	10,000	
Expenditures	(400,000)	
Anticipated Balance	743,096	

Variance Reserve Study Vs Actual	$	464,983

REVENUES

Swim & Tennis Program Fees
Represents fees collected for the use of Pool and Tennis amenities.
Interest/Misc. Income
The District earns interest on the monthly average collected balance for each of their investment accounts.
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 Taxes
Represents District’s share of Social Security and Medicare Taxes withheld from supervisor’s fees.
District Engineering Fees
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.
District Attorney Fees
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
Assessment Roll Administration
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.
Arbitrage Rebate
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.

Trustee Fees
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 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.
District 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 and Delivery
Mailing of checks, payroll, overnight deliveries, correspondence, etc.

Expenditures - Administrative (continued)

Insurance General 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.
Printing and Binding
Printing of computerized checks, stationery, envelopes etc.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings etc.
Bank Fees and Other Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.
Office Supplies
Miscellaneous office supplies.
Due, Licenses & Subscriptions
The District is required to pay an annual fee to FloridaCommerce for $175. This is the only expense under this category for the District.

Expenditures – Field Operations

Operations Management
The District has contracted with Riverside Management Services to provide oversight of daily operations of the common areas, irrigation and maintenance contracts.
Utilities - Irrigation & Streetlights
The District has utility accounts with the following providers for irrigation and lighting:

Clay Electric	Account No.
****249	Description
2404-1 Rolling View Blvd.	Monthly
$48	Annually
$576	
	****259	3236-1 Bradley Creek Dr.	$39	$468	
	****275	3314-1 Bradley Creek Dr.	$43	$516	
	****283	2448 Rolling View Blvd.	$71	$852	
Clay County Utility Authority	
****68	
3212-1 Bradley Creek Reclaim	
$158	
$1,896	
	****69	3212-2 Bradley Creek Reclaim	$377	$4,524	
	****84	3215-2 Bradley Creek Reclaim	$1,782	$21,384	
	****42	3212-3 Bradley Creek Irrigation	$2,268	$27,216	
Contingency				5,743	
			Total	$63,175	
Repairs & Maintenance
Represents repairs and maintenance as needed.

Expenditures – Field Operations (continued)

Landscape
This represents landscape maintenance of all the District property, to include mowing, weeding, trimming, pruning etc. The District is contracted with Ruppert Companies.
Landscape - Contingency
Represents a contingency for mulch installation, sod repairs/replacement, plant replacements and new common areas to maintain.

Mulch
Represents cost to install mulch throughout the district.

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.
Irrigation Repairs
Represents irrigation repairs as needed

Expenditures – Amenity Center Operations

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 Asst/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.
Security
The District has contracted with the Clay County Sheriff’s Office to provide part time security covering the community.
Utilities - Electric, Water, Cable, Internet & Telephone

	Account No.	Description		Monthly	Annually	
Clay Electric Cooperative	******951	3212 Bradley Creek Dr.		$2,305	$27,660	
Clay County Utility Authority	******347	3212-4 Bradley Creek Dr.		$360	$4,200	
Comcast	***********1030	Cable/Internet/Telephone		$345	$4,140	
Contingency					$3,600	
			Total		$39,600	

Expenditures – Amenity Center Operations (continued)

Repairs & 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
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.
Permit
Represents cost for the various permits required for the operation of the amenity center.
Insurance
The District’s Property Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Expenditures – 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.

Approved Proposed Budget
Debt Service Series 2015-A1 Capital Improvement Revenue Refunding Bonds

Adopted
Budget	Actuals Thru Projected Next
FY2025

Description

4/30/25

  5 Months	

Projected	Approved
Thru	Proposed
Budget
9/30/25	FY 2026

REVENUES:

Special Assessments-On Roll	$	172,801	$	170,537	$	2,264	$	172,801	$	172,801	
Interest Earnings	-	4,659	1,500	6,159	-	
Carry Forward Surplus (1)	56,941	46,974	-	46,974	49,740	
TOTAL REVENUES	$  229,742	$  222,170	$	3,764	$  225,934	$  222,540	

EXPENDITURES:						
Interest - 11/01	$	43,097	$	43,097	$	-	$	43,097	$	40,791	
Interest - 05/01	90,000	-	90,000	90,000	95,000	
Principal - 05/01	43,097	-	43,097	43,097	40,791	
TOTAL EXPENDITURES	$  176,194	$	43,097	$  133,097	$  176,194	$  176,581	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	
-	
$	
-	
$	
-	
$	
-	
$	
-	
TOTAL OTHER SOURCES/(USES)	$	$	$	$	-	$	-	

-	-	-

TOTAL EXPENDITURES	$  176,194	$	43,097	$  133,097	$  176,194	$  176,581	
						
EXCESS REVENUES (EXPENDITURES)	$	53,548	$  179,073	$ (129,333)	$	49,740	$	45,959	

Interest Due 11/1/26	$	38,356	

Gross Assessments	
$	183,830	
Less: Discounts & Collections 6%		11,030 	
Net Assessments	 $  172,801 	

(1) Carry Forward is Net of Reserve Requirement

Product

Assessable		Total Gross	 FY25 Units	Assessment	Gross
Per Unit

FY26
Gross Per Unit

Increase/ (Decrease)

Single Family A1	196	$ 183,830.40	$	937.91	$	937.91	$	-	
Total	196	$ 183,830.40				

AMORTIZATION SCHEDULE
Debt Service Series 2015-A1 Capital Improvement Revenue Refunding Bonds

	Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
	
05/01/24	
1,655,000	
5.125%	
85,000	
45,275		
	11/01/24	1,570,000	5.125%		43,097	173,371.88	
	05/01/25	1,570,000	5.125%	90,000	43,097		
	11/01/25	1,480,000	5.125%		40,791	173,887.50	
	05/01/26	1,480,000	5.125%	95,000	40,791		
	11/01/26	1,385,000	5.125%		38,356	174,146.88	
	05/01/27	1,385,000	5.450%	100,000	38,356		
	11/01/27	1,285,000	5.450%		35,631	173,987.50	
	05/01/28	1,285,000	5.450%	105,000	35,631		
	11/01/28	1,180,000	5.450%		32,770	173,401.25	
	05/01/29	1,180,000	5.450%	115,000	32,770		
	11/01/29	1,065,000	5.450%		29,636	177,406.25	
	05/01/30	1,065,000	5.450%	120,000	29,636		
	11/01/30	945,000	5.450%		26,366	176,002.50	
	05/01/31	945,000	5.450%	125,000	26,366		
	11/01/31	820,000	5.450%		22,960	174,326.25	
	05/01/32	820,000	5.600%	120,000	22,960		
	11/01/32	700,000	5.600%		19,600	162,560.00	
	05/01/33	700,000	5.600%	125,000	19,600		
	11/01/33	575,000	5.600%		16,100	160,700.00	
	05/01/34	575,000	5.600%	130,000	16,100		
	11/01/34	445,000	5.600%		12,460	158,560.00	
	05/01/35	445,000	5.600%	140,000	12,460		
	11/01/35	305,000	5.600%		8,540	161,000.00	
	05/01/36	305,000	5.600%	150,000	8,540		
	11/01/36	155,000	5.600%		4,340	162,880.00	
	05/01/37	155,000	5.600%	155,000	4,340	159,340.00	
Total			$	1,655,000  $	706,570	$	2,361,570	

Approved Proposed Budget
Debt Service Series 2015-A2 Capital Improvement Revenue Refunding Bonds

Adopted
Budget	Actuals Thru Projected Next
FY2025

Description

4/30/25

  5 Months	

Projected	Approved
Thru	Proposed
Budget
9/30/25	FY 2026

REVENUES:

Special Assessments-On Roll	$	136,800	$	135,008	$	1,792	$	136,800	$	136,800	
Interest Earnings	-	4,785	1,500	6,285	-	
Carry Forward Surplus (1)	56,650	49,631	-	49,631	58,904	
TOTAL REVENUES	$  193,450	$  189,424	$	3,292	$  192,716	$  195,704	

EXPENDITURES:

Interest - 11/01	$	34,131	

$	34,406	

$	-	

$	34,406	

$	32,741	
Special Call - 11/1	-	-	-	-	-	
Interest - 05/01	34,131	-	34,406	34,406	32,741	
Principal - 05/01	65,000	-	65,000	65,000	65,000	
TOTAL EXPENDITURES	$  133,263	$	34,406	$	99,406	$  133,813	$  130,481	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	
-	
$	
-	
$	
-	
$	
-	
$	
-	
TOTAL OTHER SOURCES/(USES)	$	$	$	$	-	$	-	

-	-	-

TOTAL EXPENDITURES	$  133,263	$	34,406	$	99,406	$  133,813	$  130,481	
						
EXCESS REVENUES (EXPENDITURES)	$	60,188	$  155,018	$  (96,114)	$	58,904	$	65,223	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/26

$31,075.00

$31,075.00

Gross Assessments	$	145,532	
Less: Discounts & Collections 6%		8,732 	
Net Assessments	 $  136,800 	

Product

Assessable		Total Gross	 FY25 Units	Assessment	Gross
Per Unit

FY26
Gross Per Unit

Increase/ (Decrease)

Single Family A2	126	$ 145,532.40	$	1,155.02	$	1,155.02	$	-	
Total	126	$ 145,532.40				

AMORTIZATION SCHEDULE
Debt Service Series 2015-A2 Capital Improvement Revenue Refunding Bonds

	Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
	
05/01/24	
1,320,000	
5.125%	
60,000	
35,944		
	11/01/24	1,260,000	5.125%		34,406	130,350.00	
	05/01/25	1,260,000	5.125%	65,000	34,406		
	11/01/25	1,195,000	5.125%		32,741	132,146.88	
	05/01/26	1,195,000	5.125%	65,000	32,741		
	11/01/26	1,130,000	5.500%		31,075	128,815.63	
	05/01/27	1,130,000	5.500%	80,000	31,075		
	11/01/27	1,050,000	5.500%		28,875	139,950.00	
	05/01/28	1,050,000	5.500%	80,000	28,875		
	11/01/28	970,000	5.500%		26,675	135,550.00	
	05/01/29	970,000	5.500%	85,000	26,675		
	11/01/29	885,000	5.500%		24,338	136,012.50	
	05/01/30	885,000	5.500%	90,000	24,338		
	11/01/30	795,000	5.500%		21,863	136,200.00	
	05/01/31	795,000	5.500%	95,000	21,863		
	11/01/31	700,000	5.500%		19,250	136,112.50	
	05/01/32	700,000	5.500%	100,000	19,250		
	11/01/32	600,000	5.500%		16,500	135,750.00	
	05/01/33	600,000	5.500%	105,000	16,500		
	11/01/33	495,000	5.500%		13,613	135,112.50	
	05/01/34	495,000	5.500%	115,000	13,613		
	11/01/34	380,000	5.500%		10,450	139,062.50	
	05/01/35	380,000	5.500%	120,000	10,450		
	11/01/35	260,000	5.500%		7,150	137,600.00	
	05/01/36	260,000	5.500%	130,000	7,150		
	11/01/36	130,000	5.500%		3,575	140,725.00	
	05/01/37	130,000	5.500%	130,000	3,575	133,575.00	
Total			$	1,320,000  $	576,963	$	1,896,963	

Approved Proposed Budget
Debt Service Series 2015-A3 Capital Improvement Revenue Refunding Bonds

Adopted
Budget	Actuals Thru Projected Next

Projected Thru

Description

FY2025

4/30/25	  5 Months		9/30/25

Approved Proposed Budget
FY 2026

REVENUES:

Special Assessments-On Roll	$	40,698	$	40,165	$	533	$	40,698	$	40,698	
Interest Earnings	-	733	150	883	-	
Carry Forward Surplus (1)	17,937	14,366	-	14,366	17,497	
TOTAL REVENUES	$	58,636	$	55,264	$	683	$	55,947	$	58,196	

EXPENDITURES:						
Interest - 11/01	$	11,725	$	11,725	$	-	$	11,725	$	11,223	
Interest - 05/01	11,725	-	11,725	11,725	11,223	
Principal - 05/01	15,000	-	15,000	15,000	20,000	
TOTAL EXPENDITURES	$	38,450	$	11,725	$	26,725	$	38,450	$	42,445	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	
-	
$	
-	
$	
-	
$	
-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	38,450	$	11,725	$	26,725	$	38,450	$	42,445	
						
EXCESS REVENUES (EXPENDITURES)	$	20,186	$	43,539	$  (26,042)	$	17,497	$	15,751	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/26

$10,552.50

$10,552.50

Gross Assessments	$	43,296	
Less: Discounts & Collections 6%		2,598 	
Net Assessments	 $	40,698 	

Product

Assessable		Total Gross	 FY25 Units	Assessment	Gross
Per Unit

FY26
Gross Per Unit

Increase/ (Decrease)

Single Family Seasons A3	53	$  43,296.24	$	816.91	$	816.91	$	-	
Total	53	$ 43,296.24				

AMORTIZATION SCHEDULE
Debt Service Series 2015-A3 Capital Improvement Revenue Refunding Bonds

	Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
	
11/01/22	
$380,000	
6.700%		
$12,730	
12,730.00	
	05/01/23	380,000	6.700%	15,000	12,730		
	11/01/23	365,000	6.700%		12,228	39,957.50	
	05/01/24	365,000	6.700%	15,000	12,228		
	11/01/24	350,000	6.700%		11,725	38,952.50	
	05/01/25	350,000	6.700%	15,000	11,725		
	11/01/25	335,000	6.700%		11,223	37,947.50	
	05/01/26	335,000	6.700%	20,000	11,223		
	11/01/26	315,000	6.700%		10,553	41,775.00	
	05/01/27	315,000	6.700%	20,000	10,553		
	11/01/27	295,000	6.700%		9,883	40,435.00	
	05/01/28	295,000	6.700%	20,000	9,883		
	11/01/28	275,000	6.700%		9,213	39,095.00	
	05/01/29	275,000	6.700%	25,000	9,213		
	11/01/29	250,000	6.700%		8,375	42,587.50	
	05/01/30	250,000	6.700%	25,000	8,375		
	11/01/30	225,000	6.700%		7,538	40,912.50	
	05/01/31	225,000	6.700%	25,000	7,538		
	11/01/31	200,000	6.700%		6,700	39,237.50	
	05/01/32	200,000	6.700%	30,000	6,700		
	11/01/32	170,000	6.700%		5,695	42,395.00	
	05/01/33	170,000	6.700%	30,000	5,695		
	11/01/33	140,000	6.700%		4,690	40,385.00	
	05/01/34	140,000	6.700%	30,000	4,690		
	11/01/34	110,000	6.700%		3,685	38,375.00	
	05/01/35	110,000	6.700%	35,000	3,685		
	11/01/35	75,000	6.700%		2,513	41,197.50	
	05/01/36	75,000	6.700%	35,000	2,513		
	11/01/36	40,000	6.700%		1,340	38,852.50	
	05/01/37	40,000	6.700%	40,000	1,340	41,340.00	
Total			$	380,000  $	236,175	$	616,175	

Approved Proposed Budget
Debt Service Series 2020-A1/A2 Capital Improvement Revenue and Refunding Bonds

Adopted
Budget	Actuals Thru Projected Next

Projected Thru

Description

FY2025

4/30/25	  5 Months		9/30/25

Approved Proposed Budget
FY 2026

REVENUES:

Special Assessments A-1-On Roll	$	165,981	$	163,807	$	2,174	$	165,981	$	275,839	
Special Assessments A 1-Direct	-	-	-	-	-	
Special Assessments A 2-Direct	28,738	-	28,738	28,738	-	
Interest Earnings	-	12,183	5,500	17,683	-	
Prepayments	-	-	-	-	-	
Carry Forward Surplus (1)	39,804	-	-	-	35,289	
TOTAL REVENUES	$  234,523	$  175,990	$	36,412	$  212,402	$  311,129	

EXPENDITURES:						
Series 2020 A1						
Interest - 11/01	$	56,669	$	56,669	$	-	$	56,669	$	55,825	
Interest - 05/01	56,669	-	56,669	56,669	55,825	
Principal - 05/01	50,000	-	50,000	50,000	55,000	
			-			
Series 2020 A2			-			
Interest - 11/01	$	14,369	$	13,775	$	-	$	13,775	$	-	
Interest - 05/01	14,369	-	-	-	-	
TOTAL EXPENDITURES	$  192,075	$	70,444	$  106,669	$  177,113	$  166,650	

Other Sources/(Uses)

Interfund transfer In/(Out)	$	-	$	-	$	-	$	-	$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	

TOTAL EXPENDITURES	$  192,075	$	70,444	$  106,669	$  177,113	$  166,650	
						
EXCESS REVENUES (EXPENDITURES)	$	42,448	$  105,546	$  (70,257)	$	35,289	$  144,479	
**Series 2022 A2 paid in full						

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/26

$54,759.38

Gross Assessments	$	176,576	
Less: Discounts & Collections 6%		10,595 	
Net Assessments	 $  165,981 	

Product

Assessable		Total Gross	 FY25 Units	Assessment	Gross
Per Unit

FY26
Gross Per Unit

Increase/ (Decrease)

Single Family 50's	139	$ 176,575.87	$	1,270.33	$	1,270.33	$	-	
Total	139	$ 176,575.87				

AMORTIZATION SCHEDULE
Debt Service Series 2020-A1 Capital Improvement Revenue Bonds

	Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
	
05/01/21	
$2,585,000	
3.375%	
$40,000	
$63,445	
-	
	11/01/21	2,545,000	3.375%	-	59,116	162,560.13	
	05/01/22	2,545,000	3.375%	45,000	59,116		
	11/01/22	2,500,000	3.375%	-	58,356	162,471.88	
	05/01/23	2,500,000	3.375%	50,000	58,356		
	11/01/23	2,450,000	3.375%	-	57,513	165,868.75	
	05/01/24	2,450,000	3.375%	50,000	57,513		
	11/01/24	2,400,000	3.375%	-	56,669	164,181.25	
	05/01/25	2,400,000	3.375%	50,000	56,669		
	11/01/25	2,350,000	3.875%	-	55,825	162,493.75	
	05/01/26	2,350,000	3.875%	55,000	55,825		
	11/01/26	2,295,000	3.875%	-	54,759	165,584.38	
	05/01/27	2,295,000	3.875%	55,000	54,759		
	11/01/27	2,240,000	3.875%	-	53,694	163,453.13	
	05/01/28	2,240,000	3.875%	55,000	53,694		
	11/01/28	2,185,000	3.875%	-	52,628	161,321.88	
	05/01/29	2,185,000	3.875%	60,000	52,628		
	11/01/29	2,125,000	3.875%	-	51,466	164,093.75	
	05/01/30	2,125,000	3.875%	60,000	51,466		
	11/01/30	2,065,000	4.625%	-	50,303	161,768.75	
	05/01/31	2,065,000	4.625%	65,000	50,303		
	11/01/31	2,000,000	4.625%	-	48,800	164,103.13	
	05/01/32	2,000,000	4.625%	70,000	48,800		
	11/01/32	1,930,000	4.625%	-	47,181	165,981.25	
	05/01/33	1,930,000	4.625%	70,000	47,181		
	11/01/33	1,860,000	4.625%	-	45,563	162,743.75	
	05/01/34	1,860,000	4.625%	75,000	45,563		
	11/01/34	1,785,000	4.625%	-	43,828	164,390.63	
	05/01/35	1,785,000	4.625%	75,000	43,828		
	11/01/35	1,710,000	4.625%	-	42,094	160,921.88	
	05/01/36	1,710,000	4.625%	80,000	42,094		
	11/01/36	1,630,000	4.625%	-	40,244	162,337.50	
	05/01/37	1,630,000	4.625%	85,000	40,244		
	11/01/37	1,545,000	4.625%	-	38,278	163,521.88	
	05/01/38	1,545,000	4.625%	90,000	38,278		
	11/01/38	1,455,000	4.625%	-	36,197	164,475.00	
	05/01/39	1,455,000	4.625%	95,000	36,197		
	11/01/39	1,360,000	4.625%	-	34,000	165,196.88	
	05/01/40	1,360,000	4.625%	100,000	34,000		
	11/01/40	1,260,000	4.875%	-	31,688	165,687.50	
	05/01/41	1,260,000	4.875%	105,000	31,688		
	11/01/41	1,155,000	4.875%	-	29,128	165,815.63	
	05/01/42	1,155,000	4.875%	110,000	29,128		
	11/01/42	1,045,000	4.875%	-	26,447	165,575.00	
	05/01/43	1,045,000	4.875%	115,000	26,447		
	11/01/43	930,000	4.875%	-	23,644	165,090.63	
	05/01/44	930,000	4.875%	120,000	23,644		
	11/01/44	810,000	4.875%	-	20,719	164,362.50	
	05/01/45	810,000	4.875%	125,000	20,719		
	11/01/45	685,000	4.875%	-	17,672	163,390.63	
	05/01/46	685,000	4.875%	130,000	17,672		
	11/01/46	555,000	4.875%	-	14,503	162,175.00	
	05/01/47	555,000	4.875%	140,000	14,503		
	11/01/47	415,000	4.875%	-	11,091	165,593.75	
	05/01/48	415,000	4.875%	145,000	11,091		
	11/01/48	270,000	4.875%	-	7,556	163,646.88	
	05/01/49	270,000	4.875%	150,000	7,556		
	11/01/49	120,000	4.875%	-	3,900	161,456.25	
	05/01/50	120,000	4.875%	160,000	3,900	163,900.00	
Total			$	2,625,000  $	2,289,163	$	4,914,163	

AMORTIZATION SCHEDULE
Debt Service Series 2020-A2 Capital Improvement Revenue and Refunding Bonds

	Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
	
05/01/21	
$1,840,000	
4.750%	
$-	
$46,371	
-	
	11/01/21	1,840,000	4.750%	-	43,700	90,070.56	
	05/01/22	1,840,000	4.750%	425,000	43,700		
	08/01/22	1,415,000	4.750%	25,000	297	493,996.88	
	11/01/22	1,390,000	4.750%	-	33,013		
	05/01/23	1,390,000	4.750%	-	33,013	66,025.00	
	11/01/23	1,390,000	4.750%	180,000	33,013		
	02/01/24	1,210,000	4.750%	10,000	119		
	05/01/24	1,200,000	4.750%	595,000	28,500	846,631.50	
	11/01/24	605,000	4.750%	-	14,369		
	02/01/25	605,000	4.750%	605,000	14,369		
	05/01/25	-	4.750%	-	-	633,737.50	
Total			$	1,840,000  $	290,461	$	2,130,461	

Approved Proposed Budget
Debt Service Series 2022 A1/A2 Capital Improvement Revenue and Refunding Bonds

Adopted
Budget	Actuals Thru Projected Next

Projected Thru

Description

FY2025

4/30/25	  5 Months		9/30/25

Approved Proposed Budget
FY 2026

REVENUES:

Special Assessments A-1-On Roll	$	348,112	$	343,551	$	4,561	$	348,112	$	348,112	
Special Assessments - Direct	173,010	67,831	105,179	173,010	173,010	
Interest Earnings	-	18,732	5,500	24,232	-	
Prepayment A2		691,303	-	691,303		
Carry Forward Surplus (1)	458,472	493,307	-	493,307	233,665	
TOTAL REVENUES	$  979,594	$1,614,724	$  115,240	$1,729,964	$  754,787	

EXPENDITURES:						
Series 2022 A1						
Interest - 11/01	$	111,600	$	111,600	$	-	$	111,600	$	109,647	
Interest - 05/01	111,600	-	111,600	111,600	109,647	
Principal - 05/01	125,000	-	125,000	125,000	130,000	

Series 2022 A2						
Interest - 11/01	$	83,129	$	78,658	$	-	$	78,658	$	60,408	
Special Call - 11/1	-	340,000	-	340,000	-	
Interest - 02/01	-	3,011	-	3,011	-	
Special Call - 02/1	-	330,000	-	330,000	-	
Interest - 05/01	83,129	-	66,430	66,430	60,408	
Special Call - 05/1	-	-	330,000	330,000	-	
TOTAL EXPENDITURES	$  514,458	$  863,269	$  633,030	$1,496,299	$  470,110	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	
-	
$	
-	
$	
-	
$	
-	
TOTAL OTHER SOURCES/(USES)	$	-	$	$	$	$	-	

-	-	-

TOTAL EXPENDITURES	$  514,458	$  863,269	$  633,030	$1,496,299	$  470,110	
						
EXCESS REVENUES (EXPENDITURES)	$  465,137	$  751,455	$ (517,790)	$  233,665	$  284,677	

(1) Carry Forward is Net of Reserve Requirement	
A1 Interest Due 11/1/26	
$107,615.63	
	A2 Interest Due 11/1/26	$60,408.00	
		$168,023.63	

Gross Assessments	$	370,332	
Less: Discounts & Collections 6%		22,220 	
Net Assessments	 $  348,112 	

Product

Assessable		Total Gross	 FY25 Units	Assessment	Gross
Per Unit

FY26
Gross Per Unit

Increase/ (Decrease)

Single Family 50's	247	$ 370,332.04	$	1,499.32	$	1,499.32	$	-	
Total	247	$ 370,332.04				

	Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
	
05/01/22	
$6,130,000	
3.125%	
$-	
$51,232	
-	
	11/01/22	6,130,000	3.125%	-	115,272	166,503.82	
	05/01/23	6,130,000	3.125%	115,000	115,272		
	11/01/23	6,015,000	3.125%	-	113,475	343,746.88	
	05/01/24	6,015,000	3.125%	120,000	113,475		
	11/01/24	5,895,000	3.125%	-	111,600	345,075.00	
	05/01/25	5,895,000	3.125%	125,000	111,600		
	11/01/25	5,770,000	3.125%	-	109,647	346,246.88	
	05/01/26	5,770,000	3.125%	130,000	109,647		
	11/01/26	5,640,000	3.125%	-	107,616	347,262.50	
	05/01/27	5,640,000	3.125%	135,000	107,616		
	11/01/27	5,505,000	3.400%	-	105,506	348,121.88	
	05/01/28	5,505,000	3.400%	135,000	105,506		
	11/01/28	5,370,000	3.400%	-	103,211	343,717.50	
	05/01/29	5,370,000	3.400%	140,000	103,211		
	11/01/29	5,230,000	3.400%	-	100,831	344,042.50	
	05/01/30	5,230,000	3.400%	145,000	100,831		
	11/01/30	5,085,000	3.400%	-	98,366	344,197.50	
	05/01/31	5,085,000	3.400%	150,000	98,366		
	11/01/31	4,935,000	3.400%	-	95,816	344,182.50	
	05/01/32	4,935,000	3.400%	155,000	95,816		
	11/01/32	4,780,000	3.750%	-	93,181	343,997.50	
	05/01/33	4,780,000	3.750%	160,000	93,181		
	11/01/33	4,620,000	3.750%	-	90,181	343,362.50	
	05/01/34	4,620,000	3.750%	170,000	90,181		
	11/01/34	4,450,000	3.750%	-	86,994	347,175.00	
	05/01/35	4,450,000	3.750%	175,000	86,994		
	11/01/35	4,275,000	3.750%	-	83,713	345,706.25	
	05/01/36	4,275,000	3.750%	180,000	83,713		
	11/01/36	4,095,000	3.750%	-	80,338	344,050.00	
	05/01/37	4,095,000	3.750%	190,000	80,338		
	11/01/37	3,905,000	3.750%	-	76,775	347,112.50	
	05/01/38	3,905,000	3.750%	195,000	76,775		
	11/01/38	3,710,000	3.750%	-	73,119	344,893.75	
	05/01/39	3,710,000	3.750%	205,000	73,119		
	11/01/39	3,505,000	3.750%	-	69,275	347,393.75	
	05/01/40	3,505,000	3.750%	210,000	69,275		
	11/01/40	3,295,000	3.750%	-	65,338	344,612.50	
	05/01/41	3,295,000	3.750%	220,000	65,338		
	11/01/41	3,075,000	3.750%	-	61,213	346,550.00	
	05/01/42	3,075,000	3.750%	230,000	61,213		
	11/01/42	2,845,000	4.000%	-	56,900	348,112.50	
	05/01/43	2,845,000	4.000%	235,000	56,900		
	11/01/43	2,610,000	4.000%	-	52,200	344,100.00	
	05/01/44	2,610,000	4.000%	245,000	52,200		
	11/01/44	2,365,000	4.000%	-	47,300	344,500.00	
	05/01/45	2,365,000	4.000%	255,000	47,300		
	11/01/45	2,110,000	4.000%	-	42,200	344,500.00	
	05/01/46	2,110,000	4.000%	265,000	42,200		
	11/01/46	1,845,000	4.000%	-	36,900	344,100.00	
	05/01/47	1,845,000	4.000%	275,000	36,900		
	11/01/47	1,570,000	4.000%	-	31,400	343,300.00	
	05/01/48	1,570,000	4.000%	290,000	31,400		
	11/01/48	1,280,000	4.000%	-	25,600	347,000.00	
	05/01/49	1,280,000	4.000%	300,000	25,600		
	11/01/49	980,000	4.000%	-	19,600	345,200.00	
	05/01/50	980,000	4.000%	315,000	19,600		
	11/01/50	665,000	4.000%	-	13,300	347,900.00	
	05/01/51	665,000	4.000%	325,000	13,300		
	11/01/51	340,000	4.000%	-	6,800	345,100.00	
	05/01/52	340,000	4.000%	340,000	6,800	346,800.00	
Total			$	6,130,000  $	4,398,563	$  10,528,563	

	Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
	
05/01/22	
$4,740,000	
3.650%	
$-	
$38,447	
-	
	11/01/22	4,740,000	3.650%	-	86,505	124,951.66	
	05/01/23	4,740,000	3.650%	-	86,505		
	11/01/23	4,740,000	3.650%	-	86,505	173,010.00	
	05/01/24	4,740,000	3.650%	185,000	86,505		
	08/01/24	4,555,000	3.650%	245,000	2,236	605,245.63	
	11/01/24	4,310,000	3.650%	340,000	78,658	937,398.13	
	02/01/25	3,970,000	3.650%	330,000	3,011		
	05/01/25	3,640,000	3.650%	330,000	66,430		
	11/01/25	3,310,000	3.650%	-	60,408	456,837.50	
	05/01/26	3,310,000	3.650%	-	60,408		
	11/01/26	3,310,000	3.650%	-	60,408	120,815.00	
	05/01/27	3,310,000	3.650%	-	60,408		
	11/01/27	3,310,000	3.650%	-	60,408	120,815.00	
	05/01/28	3,310,000	3.650%	-	60,408		
	11/01/28	3,310,000	3.650%	-	60,408	120,815.00	
	05/01/29	3,310,000	3.650%	-	60,408		
	11/01/29	3,310,000	3.650%	-	60,408	120,815.00	
	05/01/30	3,310,000	3.650%	-	60,408		
	11/01/30	3,310,000	3.650%	-	60,408	120,815.00	
	05/01/31	3,310,000	3.650%	-	60,408		
	11/01/31	3,310,000	3.650%	-	60,408	120,815.00	
	05/01/32	3,310,000	3.650%	3,310,000	60,408	3,370,407.50	
Total			$	4,740,000  $	1,380,506	$	6,392,740	

Rolling Hills
Community Development District
Non-Ad Valorem Assessments Comparison 2025-2026

Neighborhood	O&M Units	Bonds 2015
Units	Bonds 2020
Units	Bonds 2022 Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2026	
FY2025	Increase/ (decrease)	
FY 2026	
FY2025	Increase/ (decrease)	
FY 2026	
FY2025	Increase/ (decrease)	
					O&M	O&M	O&M	Series 2015	Series 2020	Series 2022	Series 2015	Series 2020	Series 2022					

Single Family A1	
196	
196	
0	
0	
$1,769.90	
$1,769.90	
$0.00	
$937.91	
$0.00	
$0.00	
$937.91	
$0.00	
$0.00	
$0.00	
$2,707.81	
$2,707.81	
$0.00	
Single Family A2	126	126	0	0	$1,769.90	$1,769.90	$0.00	$1,155.02	$0.00	$0.00	$1,155.02	$0.00	$0.00	$0.00	$2,924.92	$2,924.92	$0.00	
Single Family Seasons A3	53	53	0	0	$1,769.90	$1,769.90	$0.00	$816.91	$0.00	$0.00	$816.91	$0.00	$0.00	$0.00	$2,586.81	$2,586.81	$0.00	
Single Family 50's	139	0	139	0	$1,769.90	$1,769.90	$0.00	$0.00	$1,270.33	$0.00	$0.00	$1,270.33	$0.00	$0.00	$3,040.23	$3,040.23	$0.00	
Single Family 50's	247	0	0	247	$1,769.90	$1,769.90	$0.00	$0.00	$0.00	$1,499.32	$0.00	$0.00	$1,499.32	$0.00	$3,269.22	$3,269.22	$0.00	
Total	761	375	139	247