Author: Patti Powers

Rolling Hills
Community Development District

Adopted Budget
FY 2027
| 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 | Projected Thru | Adopted Budget
| Description	2026 | 7/31/26 | 2 Months | 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 | Adopted 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

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

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

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.

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.

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.

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.

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

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

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.

Transfer Out-Capital Reserve
Funds are transferred to the Capital Reserve to fund restoration and refurbishment projects as approved by the Board of Supervisors.
Adopted Budget
Debt Service Series 2015-A1 Capital Improvement Revenue Refunding Bonds

REVENUES:

-	-	-

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

^(1) Carry Forward is Net of Reserve Requirement

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

-	-	-	-

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

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

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

REVENUES:

-	-	-

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

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

REVENUES:

-	-	-	-

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

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

| 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 | | | | | | | | | | | | |