Rolling Hills
Community Development District

Approved Budget
FY 2027

1

	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	
Series 2020A1 and A2 Amortization Schedules	

16	
Debt Service Fund Series 2022	

17-18	
Series 2022A1 and A2 Amortization Schedules	

19	
Assessment Schedule	

Adopted
Budget	Actuals Thru  Projected Next
2026

Description

7/31/26

  2 Months	

Projected	Approved
Thru	Budget
9/30/26	FY 2027

REVENUES:

Special Assessments - On Roll	$ 1,254,333	$	1,269,978	$	-	$ 1,269,978	$ 1,249,330	
Swim & Tennis Program Fees	750	800	-	800	750	
Facility Rental Fees	4,600	6,385	1,500	7,885	4,600	
Interest/Misc. Income	15,000	27,439	3,500	30,939	20,000	
TOTAL REVENUES	$1,274,683	$ 1,304,602	$	5,000	$1,309,602	$1,274,680	

EXPENDITURES:						
Administrative:						
Supervisor Fees	$	8,000	$	5,200	$	2,000	$	7,200	$	14,000	
FICA Taxes	612	398	153	551	1,071	
Engineer Fees	4,000	2,250	2,500	4,750	16,250	
Attorney	20,000	23,923	11,962	35,885	30,000	
Annual Audit	8,000	7,600	-	7,600	8,000	
Assessment Administration	11,130	11,130	-	11,130	11,798	
Arbitrage Rebate	2,400	1,200	1,200	2,400	2,400	
Dissemination Agent	11,130	9,275	1,855	11,130	11,798	
Trustee Fees	17,738	17,779	-	17,779	17,780	
Management Fees	50,065	41,721	8,344	50,065	53,069	
Information Technology	2,003	1,669	334	2,003	2,124	
Website Administration	1,336	1,113	223	1,336	1,416	
Telephone	500	232	77	309	500	
Postage & Delivery	800	480	160	640	800	
General Liability & Public Officials Insurance	12,070	10,901	-	10,901	12,070	
Printing & Binding	1,250	720	144	864	1,250	
Legal Advertising	2,000	667	1,000	1,667	2,000	
Bank Fees and Other Charges	1,000	2,014	403	2,417	2,500	
Office Supplies	100	1	-	1	-	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$  154,309	$	138,448	$	30,355	$  168,803	$  189,000	

Operations & Maintenance						
Field Operations						
Operations Management	$	27,449	$	22,874	4,575	$	27,449	$	29,096	
Utilities - Irrigation & Streetlights	63,175	22,712	7,571	30,283	63,175	
Repairs & Maintenance	15,000	17,275	5,758	23,033	40,000	
Landscape	101,036	94,824	8,717	103,541	102,912	
Landscape - Contingency	13,000	10,424	5,212	15,636	25,000	
Mulch	15,000	960	10,000	10,960	15,000	
Lake Maintenance	14,400	12,350	2,050	14,400	14,400	
Irrigation Repairs	5,750	3,401	1,134	4,535	7,500	
Miscellaneous	-	2,740	-	2,740	5,000	
Total Field Operations	$  254,810	$	187,560	$	45,016	$  232,576	$  302,083	

Adopted
Budget	Actuals Thru  Projected Next

Projected Thru

Approved Budget

Description	2026	7/31/26	  2 Months		9/30/26	FY 2027	

Amenity Center Operations						
Facility Management	$	75,203	$	62,669	$	13,926	$	76,595	$	79,715	
Facility Asst/Gate Monitor	17,000	9,145	7,839	16,984	18,020	
Pool Attendants	40,754	15,517	25,000	40,517	40,754	
Refuse Service	12,988	11,695	1,063	12,758	14,019	
Security	25,000	12,755	4,252	17,007	25,000	
Utilities	40,000	27,777	9,259	37,036	39,600	
Recreation Passes	1,000	-	-	-	1,000	
Repairs & Maintenance	40,000	41,058	13,686	54,744	60,000	
Janitorial	17,632	14,693	2,939	17,632	18,690	
Pool Maintenance	21,735	18,393	3,623	22,016	23,582	
Special Events	8,000	5,678	2,500	8,178	8,000	
Operating Supplies	10,000	3,821	5,000	8,821	10,000	
Pool Chemicals	25,000	15,809	5,270	21,079	25,000	
Permit	500	1,023	-	1,023	500	
Insurance	38,082	35,576	-	35,576	38,082	
Total Amenity Center Operations	$  372,894	$	275,609	$	94,355	$  369,964	$  401,962	
						
TOTAL EXPENDITURES	$  782,013	$	601,617	$  169,726	$  771,343	$  893,045	

Other Sources/(Uses)						
Interfund Transfer Out - Cap Reserve	$  (492,670)	$	-	$  (492,670)	$  (492,670)	$  (381,635)	
TOTAL OTHER SOURCES/(USES)	$ (492,670)	$	-	$ (492,670)	$ (492,670)	$ (381,635)	
						
EXCESS REVENUES (EXPENDITURES)	$	0	$	702,985	$ (657,396)	$	45,589	$	-	

Gross Assessments	$ 1,346,894	
Less: Discounts & Collections 6%		80,814 	
Net Assessments	 $1,266,080 	

Product

Assessable		Total Gross Units	Assessment

FY26
Gross Per Unit

FY27
Gross Per Unit

Increase/ (Decrease)

Single Family A1	196	$ 346,900.40	$	1,769.90	$	1,769.90	$	(0.00)	
Single Family A2	126	$ 223,007.40	$	1,769.90	$	1,769.90	$	(0.00)	
Single Family Seasons A3	53	$	93,804.70	$	1,769.90	$	1,769.90	$	(0.00)	
Single Family 50's	386	$ 683,181.39	$	1,769.90	$	1,769.90	$	(0.00)	
Total	761	$1,346,893.89	

Proposed Budget Capital Reserve Fund

Description

Adopted Budget
2026

Actuals Thru Projected Next Projected Thru

7/31/26

  2 Months	

9/30/26

Approved Budget
FY 2027

REVENUES:

Interest Income	$	10,000	$	18,669	$	3,000	$	21,669	$	10,000	
Land Sale		$  164,894	$	-	164,894	$	-	
Capital Reserve-Transfer In	492,670	-	492,670	492,670	381,635	
Carry Forward Balance	619,258	701,336	-	701,336	1,231,086	
TOTAL REVENUES	$1,121,928	$ 884,899	$  495,670	$ 1,380,569	$  1,622,721	

EXPENDITURES:						
Capital Outlay	$	400,000	$  124,483	$	25,000	$	149,483	$	150,000	
TOTAL EXPENDITURES	$  400,000	$ 124,483	$	25,000	$  149,483	$	150,000	
						
TOTAL EXPENDITURES	$  400,000	$ 124,483	$	25,000	$  149,483	$	150,000	
						
EXCESS REVENUES (EXPENDITURES)	$  721,928	$ 760,416	$  470,670	$ 1,231,086	$  1,472,721	

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. This fiscal year the budget includes 14 meetings/workshops.

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, resolutions, necessary reports 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 Brightview Landscape Services, Inc.
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 Budget
Debt Service Series 2015-A1 Capital Improvement Revenue Refunding Bonds

Adopted Budget
2026

Actuals
Thru	Projected Next
7/31/26

Description

	2 Months	

Projected	Approved
Thru	Budget
9/30/26	FY 2027

REVENUES:

Special Assessments-On Roll	$	172,801	$	173,333	$	-	$ 173,333	$	172,801	
Interest Earnings	-	5,519	1,100	6,619	-	
Carry Forward Surplus (1)	52,265	51,750	-	51,750	45,257	
TOTAL REVENUES	$  225,066	$  230,602	$	1,100	$ 231,702	$  218,058	

EXPENDITURES:						
Interest - 11/01	$	40,791	$	40,791	$	-	$	40,791	$	38,084	
Special Call - 11/1		5,000	-	5,000	-	
Interest - 05/01	95,000	95,000	-	95,000	100,000	
Principal - 05/01	40,791	40,654	-	40,654	38,084	
Special Call - 5/1	-	5,000	-	5,000	-	
TOTAL EXPENDITURES	$  176,581	$  186,445	$	-	$ 186,445	$  176,168	

Other Sources/(Uses)						

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

-	-	-

TOTAL EXPENDITURES	$  176,581	$  186,445	$	-	$ 186,445	$  176,168	
						
EXCESS REVENUES (EXPENDITURES)	$	48,484	$	44,157	$	1,100	$ 45,257	$	41,890	

Interest Due 11/1/27	$	35,359	

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 Units	Assessment

FY26
Gross Per Unit

FY27
Gross	Increase/
Per Unit	(Decrease)

Single Family A1	144	$ 183,830.40	$	1,276.60	$ 1,276.60	$	-	
Total	144	$ 183,830.40				

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

	Period	Outstanding Balance	Coupons		Principal		Interest		Annual Debt Service	
										
	11/01/26	1,375,000	5.125%				38,084		173,601.88	
	05/01/27	1,375,000	5.450%		100,000		38,084			
	11/01/27	1,275,000	5.450%				35,359		173,442.50	
	05/01/28	1,275,000	5.450%		105,000		35,359			
	11/01/28	1,170,000	5.450%				32,498		172,856.25	
	05/01/29	1,170,000	5.450%		110,000		32,498			
	11/01/29	1,060,000	5.450%				29,500		171,997.50	
	05/01/30	1,060,000	5.450%		115,000		29,500			
	11/01/30	945,000	5.450%				26,366		170,866.25	
	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				$	1,375,000	$	491,613	$	1,866,613	

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

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Approved Budget	
	Description	2026	7/31/26	  2 Months 	9/30/26	FY 2027	

REVENUES:							

Special Assessments-On Roll	
$	136,800	
$	137,222	
$	-	
$  137,222	
$	136,800	
Interest Earnings	-	5,898	1,100	6,998	-	
Carry Forward Surplus (1)	56,650	61,051	-	61,051	64,927	
TOTAL REVENUES	$  193,450	$  204,171	$	1,100	$ 205,271	$  201,728	

EXPENDITURES:						
Interest - 11/01	$	32,741	$	32,741	$	-	$	32,741	$	30,800	
Special Call - 11/1	-	5,000	-	5,000	-	
Interest - 05/01	32,741	32,603	-	32,603	30,800	
Principal - 05/01	65,000	65,000	-	65,000	75,000	
Special Call - 5/1	-	5,000	-	5,000	-	
TOTAL EXPENDITURES	$  130,482	$  140,344	$	-	$ 140,344	$  136,600	

Other Sources/(Uses)						

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

-	-	-	-

TOTAL EXPENDITURES	$  130,482	$  140,344	$	-	$ 140,344	$  136,600	
						
EXCESS REVENUES (EXPENDITURES)	$	62,968	$	63,827	$	1,100	$  64,927	$	65,128	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

$28,875.00

$28,875.00

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

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	
Single Family A2	114	$ 145,532.40	$  1,276.60	$  1,276.60	$	-	
Total	114	$ 145,532.40				

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

	Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
	11/01/26	1,120,000	5.500%		30,800	128,265.63	
	05/01/27	1,120,000	5.500%	75,000	30,800		
	11/01/27	1,045,000	5.500%		28,738	134,537.50	
	05/01/28	1,045,000	5.500%	80,000	28,738		
	11/01/28	965,000	5.500%		26,538	135,275.00	
	05/01/29	965,000	5.500%	85,000	26,538		
	11/01/29	880,000	5.500%		24,200	135,737.50	
	05/01/30	880,000	5.500%	90,000	24,200		
	11/01/30	790,000	5.500%		21,725	135,925.00	
	05/01/31	790,000	5.500%	95,000	21,725		
	11/01/31	695,000	5.500%		19,113	135,837.50	
	05/01/32	695,000	5.500%	100,000	19,113		
	11/01/32	595,000	5.500%		16,363	135,475.00	
	05/01/33	595,000	5.500%	105,000	16,363		
	11/01/33	490,000	5.500%		13,475	134,837.50	
	05/01/34	490,000	5.500%	110,000	13,475		
	11/01/34	380,000	5.500%		10,450	133,925.00	
	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%	125,000	7,150		
	11/01/36	135,000	5.500%		3,713	135,862.50	
	05/01/37	135,000	5.500%	135,000	3,713	138,712.50	
Total			$	1,120,000  $	404,525	$	1,524,525	

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

Description

Adopted Budget
2026

Actuals	Projected	Projected

Thru
7/31/26

Next
  2 Months 

Thru
9/30/26

Approved Budget
FY 2027

REVENUES:

Special Assessments-On Roll	$	40,698	$	40,467	$	231	$	40,698	$	40,698	
Interest Earnings	-	870	150	1,020	-	
Carry Forward Surplus (1)	17,937	17,760	-	17,760	12,201	
TOTAL REVENUES	$	58,636	$	59,097	$	381	$  59,479	$	52,900	

EXPENDITURES:

Interest - 11/01	$	11,223	

$	11,223	

$	-	

$	11,223	

$	10,553	
Special Call - 11/1	-	5,000	-	5,000	-	
Interest - 05/01	11,223	11,055	-	11,055	10,553	
Principal - 05/01	20,000	20,000	-	20,000	20,000	
TOTAL EXPENDITURES	$	42,445	$	47,278	$	-	$	47,278	$	41,105	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	
-	
$	
-	
$	
-	
$	
-	
$	
-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	42,445	$	47,278	$	-	$  47,278	$	41,105	
						
EXCESS REVENUES (EXPENDITURES)	$	16,191	$	11,820	$	381	$  12,201	$	11,795	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

$9,882.50

$9,882.50

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

Product

Assessable		Total Gross	 FY26 Units	Assessment	Gross
Per Unit

FY27
Gross	Increase/
Per Unit	(Decrease)

Single Family Seasons A3	52	$  43,296.24	$	832.62	$	832.62	$	-	
Total	52	$ 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%		
$12,898	
12,897.50	
	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%	5,000	11,223	42,947.50	
	05/01/26	330,000	6.700%	20,000	11,055		
	11/01/26	310,000	6.700%		10,553	41,607.50	
	05/01/27	310,000	6.700%	20,000	10,553		
	11/01/27	290,000	6.700%		9,883	40,435.00	
	05/01/28	290,000	6.700%	20,000	9,883		
	11/01/28	270,000	6.700%		9,213	39,095.00	
	05/01/29	270,000	6.700%	25,000	9,213		
	11/01/29	245,000	6.700%		8,375	42,587.50	
	05/01/30	245,000	6.700%	25,000	8,375		
	11/01/30	220,000	6.700%		7,538	40,912.50	
	05/01/31	220,000	6.700%	25,000	7,538		
	11/01/31	195,000	6.700%		6,700	39,237.50	
	05/01/32	195,000	6.700%	30,000	6,700		
	11/01/32	165,000	6.700%		5,695	42,395.00	
	05/01/33	165,000	6.700%	30,000	5,695		
	11/01/33	135,000	6.700%		4,690	40,385.00	
	05/01/34	135,000	6.700%	30,000	4,690		
	11/01/34	105,000	6.700%		3,685	38,375.00	
	05/01/35	105,000	6.700%	35,000	3,685		
	11/01/35	70,000	6.700%		2,513	41,197.50	
	05/01/36	70,000	6.700%	35,000	2,513		
	11/01/36	35,000	6.700%		1,340	38,852.50	
	05/01/37	35,000	6.700%	40,000	1,340	41,340.00	
Total			$	385,000  $	236,175	$	621,175	

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

Adopted Budget

Actuals
Thru	Projected Next

Projected Thru

Approved Budget

Description

2026

7/31/26		2 Months	 9/30/26

FY 2027

REVENUES:

Special Assessments A-1-On Roll (Net)	$	165,981	$	166,492	$	(511)	$ 165,981	$	165,981	
Special Assessments A 1-Direct	-	-	-	-	-	
Special Assessments A 2-Direct	109,858	-	-	-	-	
Interest Earnings	-	10,268	1,000	11,268	-	
Prepayments - A1	-	16,399	-	16,399	-	
Carry Forward Surplus (1)	7,665	110,771	-	110,771	137,769	
TOTAL REVENUES	$  283,504	$  303,930	$	489	$ 304,419	$  303,750	

EXPENDITURES:						
Series 2020 A1						
Interest - 11/01	$	55,825	$	55,825	$	-	$	55,825	$	54,278	
Interest - 05/01	55,825	55,825	-	55,825	54,278	
Principal - 05/01	55,000	55,000	-	55,000	55,000	
			-			
TOTAL EXPENDITURES	$  166,650	$  166,650	$	-	$ 166,650	$  163,556	

Other Sources/(Uses)						

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

-	-	-

TOTAL EXPENDITURES	$  166,650	$  166,650	$	-	$ 166,650	$  163,556	
						
EXCESS REVENUES (EXPENDITURES)	$  116,854	$  137,280	$	489	$ 137,769	$  140,194	
**Series 2022 A2 paid in full						

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

$53,212.50

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

Product

Assessable		Total Gross Units	Assessment

FY25
Gross Per Unit

FY26
Gross	Increase/
Per Unit	(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	
							
11/01/26	2,315,000	3.875%		-	54,278	54,278.13	
05/01/27	2,315,000	3.875%	55,000	54,278		
11/01/27	2,260,000	3.875%		-	53,213	162,490.63	
05/01/28	2,260,000	3.875%	55,000	53,213		
11/01/28	2,205,000	3.875%		-	52,147	160,359.38	
05/01/29	2,205,000	3.875%	60,000	52,147		
11/01/29	2,145,000	3.875%		-	50,984	163,131.25	
05/01/30	2,145,000	3.875%	60,000	50,984		
11/01/30	2,085,000	4.625%		-	49,822	160,806.25	
05/01/31	2,085,000	4.625%	65,000	49,822		
11/01/31	2,020,000	4.625%		-	48,319	163,140.63	
05/01/32	2,020,000	4.625%	65,000	48,319		
11/01/32	1,955,000	4.625%		-	46,816	160,134.38	
05/01/33	1,955,000	4.625%	70,000	46,816		
11/01/33	1,885,000	4.625%		-	45,197	162,012.50	
05/01/34	1,885,000	4.625%	75,000	45,197		
11/01/34	1,810,000	4.625%		-	43,463	163,659.38	
05/01/35	1,810,000	4.625%	75,000	43,463		
11/01/35	1,735,000	4.625%		-	41,728	160,190.63	
05/01/36	1,735,000	4.625%	80,000	41,728		
11/01/36	1,655,000	4.625%		-	39,878	161,606.25	
05/01/37	1,655,000	4.625%	85,000	39,878		
11/01/37	1,570,000	4.625%		-	37,913	162,790.63	
05/01/38	1,570,000	4.625%	90,000	37,913		
11/01/38	1,480,000	4.625%		-	35,831	163,743.75	
05/01/39	1,480,000	4.625%	95,000	35,831		
11/01/39	1,385,000	4.625%		-	33,634	164,465.63	
05/01/40	1,385,000	4.625%	100,000	33,634		
11/01/40	1,285,000	4.875%		-	31,322	164,956.25	
05/01/41	1,285,000	4.875%	100,000	31,322		
11/01/41	1,185,000	4.875%		-	28,884	160,206.25	
05/01/42	1,185,000	4.875%	105,000	28,884		
11/01/42	1,080,000	4.875%		-	26,325	160,209.38	
05/01/43	1,080,000	4.875%	115,000	26,325		
11/01/43	965,000	4.875%		-	23,522	164,846.88	
05/01/44	965,000	4.875%	120,000	23,522		
11/01/44	845,000	4.875%		-	20,597	164,118.75	
05/01/45	845,000	4.875%	125,000	20,597		
11/01/45	720,000	4.875%		-	17,550	163,146.88	
05/01/46	720,000	4.875%	130,000	17,550		
11/01/46	590,000	4.875%		-	14,381	161,931.25	
05/01/47	590,000	4.875%	135,000	14,381		
11/01/47	455,000	4.875%		-	11,091	160,471.88	
05/01/48	455,000	4.875%	145,000	11,091		
11/01/48	310,000	4.875%		-	7,556	163,646.88	
05/01/49	310,000	4.875%	150,000	7,556		
11/01/49	160,000	4.875%		-	3,900	161,456.25	
05/01/50	160,000	4.875%	160,000	3,900		
						163,900.00	
Total				$	2,315,000	$	1,636,700	$	3,951,700	

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

Adopted Budget
2026

Actuals Thru
7/31/26

Projected Next
  2 Months 

Projected Thru

Description

9/30/26

Approved Budget
FY 2027

REVENUES:

Special Assessments A-1-On Roll	$	348,112	$	349,184	$	-	$	349,184	$	348,112	
Special Assessments - Direct	173,010	106,116	66,894	173,010	173,010	
Interest Earnings	-	22,850	2,500	25,350	-	
Prepayment A2	784,979	-	784,979	
Carry Forward Surplus (1)	458,472	493,307	-	493,307	644,116	
TOTAL REVENUES	$  979,594	$1,756,436	$  69,394	$  1,825,830	$1,165,238	

EXPENDITURES:					
Series 2022 A1					
Interest - 11/01	$	109,647	$	109,647	$	-	$	109,647	$	107,616	
Interest - 05/01	109,647	109,647	-	109,647	107,616	
Principal - 05/01	130,000	130,000	-	130,000	135,000	

Series 2022 A2						
Interest - 11/01	$	60,408	$	58,126	$	-	$	58,126	$	44,986	
Special Call - 11/1	-	115,000	-	115,000	-	
Interest - 02/01	-	1,734	-	1,734	-	
Special Call - 02/1	-	190,000	-	190,000	-	
Interest - 05/01	60,408	52,560	-	52,560	44,986	
Special Call - 05/1	-	415,000	-	415,000	-	
TOTAL EXPENDITURES	$  470,110	$1,181,714	$	-	$  1,181,714	$  440,203	

Other Sources/(Uses)					

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

-	-	-	-

TOTAL EXPENDITURES	$  470,110	$1,181,714	$	-	$  1,181,714	$  440,203	
						
EXCESS REVENUES (EXPENDITURES)	$  509,484	$  574,722	$  69,394	$	644,116	$  725,035	

(1) Carry Forward is Net of Reserve Requirement

A1 Interest Due 11/1/27

$	105,506

A2 Interest Due 11/1/27

 $	44,986 
$150,492.50

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	-	
	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		
	08/01/25	3,310,000	3.650%	125,000	1,141		
	11/01/25	3,185,000	3.650%	115,000	58,126	695,696.88	
	02/01/26	3,070,000	3.650%	190,000	1,734	491,000.63	
	05/01/26	2,880,000	3.650%	415,000	52,560		
	11/01/26	2,465,000	3.650%	-	44,986	512,546.25	
	05/01/27	2,465,000	3.650%	-	44,986		
	11/01/27	2,465,000	3.650%	-	44,986	89,972.50	
	05/01/28	2,465,000	3.650%	-	44,986		
	11/01/28	2,465,000	3.650%	-	44,986	89,972.50	
	05/01/29	2,465,000	3.650%	-	44,986		
	11/01/29	2,465,000	3.650%	-	44,986	89,972.50	
	05/01/30	2,465,000	3.650%	-	44,986		
	11/01/30	2,465,000	3.650%	-	44,986	89,972.50	
	05/01/31	2,465,000	3.650%	-	44,986		
	11/01/31	2,465,000	3.650%	-	44,986	89,972.50	
	05/01/32	2,465,000	3.650%	2,465,000	44,986	2,509,986.25	
Total				$	4,740,000	$	1,188,197	$	5,894,452	

Rolling Hills
Community Development District
Non-Ad Valorem Assessments Comparison 2026-2027

Neighborhood	O&M Units	Bonds 2015
Units	Bonds 2020
Units	Bonds 2022 Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2027	
2026	Increase/ (decrease)	
FY 2027	
2026	Increase/ (decrease)	
FY 2027	
2026	Increase/ (decrease)	
					O&M	O&M	O&M	Series 2015	Series 2020	Series 2022	Series 2015	Series 2020	Series 2022					

Single Family A1	
196	
144	
0	
0	
$1,769.90	
$1,769.90	
$0.00	
$1,276.60	
$0.00	
$0.00	
$1,276.60	
$0.00	
$0.00	
$0.00	
$3,046.50	
$3,046.50	
$0.00	
Single Family A2	126	114	0	0	$1,769.90	$1,769.90	$0.00	$1,276.60	$0.00	$0.00	$1,276.60	$0.00	$0.00	$0.00	$3,046.50	$3,046.50	$0.00	
Single Family Seasons A3	53	52	0	0	$1,769.90	$1,769.90	$0.00	$832.62	$0.00	$0.00	$832.62	$0.00	$0.00	$0.00	$2,602.52	$2,602.52	$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	310	139	247