NORTH RIVER RANCH IMPROVEMENT STEWARDSHIP DISTRICT
PROPOSED BUDGET FISCAL YEAR 2023

TABLE OF CONTENTS

Page	
Description	Number(s)	

General Fund Budget	
1 - 3	
Definitions of General Fund Expenditures	4 - 7	
Debt Service Fund Budget - Series 2019A-1 & A-2 Fieldstone Project	8	
Amortization Schedule - Series 2019A-1 Fieldstone Project	9 - 10	
Amortization Schedule - Series 2019A-2 Fieldstone Project	11	

Fiscal Year 2022
	Adopted		Actual		Projected		Total		Proposed	
	Budget		through		through		Actual &		Budget	
	FY 2022		3/31/2022		9/30/2022		Projected		FY 2023	
REVENUES										
Assessment levy: on-roll - gross	$	-								$ 1,128,013	
Allowable discounts (4%)		- 									(45,121)	
Assessment levy: on-roll - net	-		$	419,292		$	33,519		$	452,811		1,082,892	
Assessment levy: off-roll	1,059,220		560,310		32,327		592,637		604,805	
Landowner contribution	-		114,066		53,197		167,263		-	
Miscellaneous & Interest		- 			158 			- 			158 			- 	
Total revenues	  1,059,220 			1,093,826 			119,043 			1,212,869 			1,687,697 	
EXPENDITURES										
Professional & administrative										
Supervisors	12,000		5,800		6,200		12,000		12,000	
Management/accounting/recording	70,000		35,000		35,000		70,000		70,000	
Legal	30,000		8,921		15,000		23,921		20,000	
Engineering	35,000		7,898		15,000		22,898		35,000	
Audit	12,000		-		12,000		12,000		17,000	
Arbitrage rebate calculation	2,000		-		2,000		2,000		3,000	
Travel and per diem	500		93		407		500		-	
Dissemination agent	20,000		7,500		12,500		20,000		20,000	
Debt service fund accounting	20,000		12,500		7,500		20,000		11,000	
Reamortization schedules	1,000		-		1,000		1,000		-	
Trustee	15,000		17,798		-		17,798		22,500	
Telephone	200		-		100		100		200	
Postage	300		200		250		450		500	
Copies	500		892		-		892		-	
Office supplies	250		145		-		145		-	
Legal advertising	5,000		1,112		3,888		5,000		5,000	
Annual special district fee	175		775		-		775		775	
Insurance	6,020		-		6,020		6,020		14,448	
Miscellaneous/bank charges	3,110		10,088		5,000		15,088		20,000	
Website hosting & maintenance	2,700		2,710		-		2,710		705	
Website ADA compliance	-		-		-		-		210	
Lifestyle staff	100,000		25,454		74,546		100,000		138,517	
Resident services	-		-		-		-		22,000	
Maintenance staff and expenses	15,000		134		14,866		15,000		58,500	
Field management and accounting	-		-		-		-		25,000	
Property taxes	50		75		-		75		100	
Property appraiser and tax collector		- 			-			-			- 			33,840 	
Total professional & administrative		350,805 			137,095			211,277			348,372 			530,295 	
Field operations										
Electric	14,000		26,361		27,000		53,361		50,000	
Equipment rental	30,000		269		300		569		8,340	
Property/casualty insurance	30,000		43,361		-		43,361		37,414	
Reclaimed water	10,000		10,252		10,000		20,252		21,000	
Irrigation maintenance contract	1,000		8,416		8,500		16,916		18,000	
									1	

	Adopted
Budget		Actual
through		Projected
through		Total
Actual &		Proposed
Budget	
	FY 2022		3/31/2022		9/30/2022		Projected		FY 2023	
Field operations - continued										
Wetland maintenance	-		4,775		4,775		9,550		10,000	
Wetland monitoring and reporting	1,200		-		1,200		1,200		1,200	
Lake maintenance contract	50,000		13,700		13,700		27,400		50,000	
Drainage repair and maintenance	25,000				10,000		10,000		25,000	
Landscape maintenance	250,000		134,503		135,000		269,503		270,000	
Landscape improvements	25,000		59,792		15,000		74,792		120,000	
Lighting	1,000		251		300		551		1,000	
Streetlighting lease	50,000		-		25,000		25,000		50,000	
Equipment repair and maintenance	1,000		2,215		2,300		4,515		8,400	
Pest control	-		-		-		-		35,000	
Streetsweeping	37,000		12,692		12,692		25,384		26,000	
Shared bike maintenance	-		-		-		-		15,000	
Capital outlay	-		-		-		-		30,000	
Contingency		500  	3,549  	1,000  	4,549  	10,000 
Total field operations		525,700  	320,136  	266,767  	586,903  	786,354 

Brightwood Pavilion		
Electric	12,000	5,384	5,384	10,768	12,000	
Water	360	-	180	180	2,500	
Phone		123	123	246	250	
Cable Internet wifi	9,000	6,045	6,045	12,090	13,000	
Landscape maintenance	60,000	25,190	25,190	50,380	50,000	
Irrigation repairs and maintenance	10,000	9,084	9,084	18,168	20,000	
Pool maintenance	10,800	5,400	5,400	10,800	10,800	
Pool equipment	-		-	-	1,500	
Exterior cleaning	9,000	16	4,500	4,516	15,000	
Interior cleaning	4,800	6,469	6,469	12,938	17,110	
Pest control	15,000	16,752	16,752	33,504	32,000	
Fitness equipment-lease	8,340	4,170	4,170	8,340	8,340	
Security monitoring	12,000	5,749	6,000	11,749	5,400	
Firepits	-	-	-	-	6,000	
Capital outlay	-	-	-	-	2,250	
Miscellaneous			-  		-  		-  		-  		1,025  Total Brightwood Pavilion		151,300  	84,382  	89,297  	173,679  	197,175 

Riverfield		
Electric	3,750	3,067	3,066	6,133	6,500	
Water	270	-	135	135	270	
Cable internet wifi	3,000	4,101	4,101	8,202	9,000	
Landscape maintenance	4,500	-	2,250	2,250	4,500	
Pool maintenance	6,480	4,200	4,200	8,400	8,400	
Pool equipment	-	-	-	-	1,500	
Exterior cleaning	4,500	-	2,250	2,250	8,244	
Interior cleaning	3,555	2,240	2,240	4,480	9,848	
Security monitoring	5,360	2,263	2,680	4,943	5,400	

Adopted			Actual	 Projected		Total	Proposed Budget		through		through	Actual &		Budget FY 2022	3/31/2022	9/30/2022	 Projected		FY 2023
Riverfield - continued		
Gate monitoring	-		-		-		-		32,998	
Capital outlay	-		-		-		-		2,100	
Miscellaneous		-  	-  	-  	-  	1,000 	
Total riverfield		31,415  	15,871  	20,922  	36,793  	89,760 	
Total expenditures	  1,059,220  	557,484  	588,263  	1,145,747  	1,603,584 	

Excess/(deficiency) of revenues	    	
over/(under) expenditures	-	536,342	(469,220)	67,122	84,113	

Fund balance - beginning (unaudited)		90,245  		(16,884) 	519,458  	(16,884) 		50,238  Fund balance - ending	 $	90,245   $	519,458   $		50,238   $		50,238   $	134,351 

DEFINITIONS OF GENERAL FUND EXPENDITURES

EXPENDITURES			
Professional & administrative			
Supervisors	$	12,000	
Statutorily set at $200 for each meeting of the Board of Supervisors not to exceed	
$4,800 for each fiscal year. Amount also includes FICA.			
Management/accounting/recording		70,000	
Wrathell, Hunt and Associates, LLC (WHA), specializes in managing community	
development districts by combining the knowledge, skills and experience of a team of	
professionals to ensure compliance with all of the District's governmental requirements.	
WHA develops financing programs, administers the issuance of tax exempt bond	
financings, operates and maintains the assets of the community.	
Legal		20,000	
General counsel and legal representation, which includes issues relating to public	
finance, public bidding, rulemaking, open meetings, public records, real property	
dedications, conveyances and contracts.			
Engineering		35,000	
The District's Engineer will provide construction and consulting services, to assist the	
District in crafting sustainable solutions to address the long term interests of the	
community  while  recognizing  the  needs  of  government,  the  environment  and	
maintenance of the District's facilities.			
Audit		17,000	
Statutorily required for the District to undertake an independent examination of its books,	
records and accounting procedures.			
Arbitrage rebate calculation		3,000	
To ensure the District's compliance with all tax regulations, annual computations are	
necessary to calculate the arbitrage rebate liability.			
Dissemination agent		20,000	
The District must annually disseminate financial information in order to comply with the	
requirements of Rule 15c2-12 under the Securities Exchange Act of 1934. Wrathell,	
Hunt & Associates serves as dissemination agent.			
Trustee		22,500	
Annual fee for the service provided by trustee, paying agent and registrar.	
Debt service fund accounting		11,000	
Telephone		200	
Telephone and fax machine.			
Postage		500	
Mailing of agenda packages, overnight deliveries, correspondence, etc.	
Legal advertising		5,000	
The District advertises for monthly meetings, special meetings, public hearings, public	
bids, etc.			
Annual special district fee		775	
Annual fee paid to the Florida Department of Economic Opportunity.	
Insurance		14,448	
The District will obtain public officials and general liability insurance.	
Miscellaneous/bank charges		20,000	
Bank charges and other miscellaneous expenses incurred during the year and	
automated AP routing etc.			
Website hosting & maintenance		705	
Website ADA compliance		210	

NORTH RIVER RANCH		
IMPROVEMENT STEWARDSHIP DISTRICT	
DEFINITIONS OF GENERAL FUND EXPENDITURES	
Professional & administrative - continued		
Lifestyle staff	138,517	
The costs associated with Arch Amenity Managements services in managing the	
amenities, programming and access fob programs.		
Resident services	22,000	
Covers the costs associated with hiring outside vendors and associated supplies in	
providing residents programs.		
Maintenance staff and expenses	58,500	
Covers the costs associated with an onsite Porter to address minor maintenance items.	
Field management and accounting	25,000	
Covers the costs of WHA providing field management and field accounting services.	
Property taxes	100	
Property appraiser and tax collector		33,840 	
Total professional and administrative		530,295 	
Field Operations		
Electric	50,000	
Covers the costs of providing electric to common facilities and lighting.	
Equipment rental	8,340	
Covers the costs of renting certain equipment to assist and support the general field	
operations of the District.		
Property/casualty insurance	37,414	
Reclaimed water	21,000	
Covers the cost of purchasing a portion of the Districts irrigation water needs from	
Sarasota County.		
Irrigation maintenance contract	18,000	
Covers the cost of operating, and maintaining the irrigation supply transmission lines.	
Wetland maintenance	10,000	
Covers the cost of maintaining the wetlands free of category 1 and 2 exotic and	
invasive plant materials. Anticipates the addition of Phase 2 during 2023.	
Wetland monitoring and reporting	1,200	
Covers the costs associated with periodic monitoring and reporting to the	
environmental agencies regarding mitigation success in the wetlands.	
Lake maintenance contract	50,000	
Covers the cost of maintaining the stormwater ponds free of non beneficial plant	
materials such as algae and submersed aquatic plant materials and shoreline grasses	
and vines.		
Drainage repair and maintenance	25,000	
Covers the costs associated with periodic drainage pipes and lake bank repairs.	
Landscape maintenance	270,000	
Covers the cost of hiring a high quality landscape maintenance provider to maintain	
the District common areas, right of ways and parks etc.		
Landscape improvements	120,000	
Covers the costs of periodic replacement of landscape materials.	
Lighting	1,000	
Covers the costs of landscape and monument lighting repairs and maintenance.	
Streetlighting lease	50,000	
Covers the costs of lease, power and maintenance agreement for street lighting.	
Equipment repair and maintenance	8,400	
Covers the costs of general equipment repairs and maintenance.	
Pest control	35,000	
Covers the costs of pest control within the common areas and facilities of the District.	
Streetsweeping	26,000	
Covers the costs of periodic streetsweeping of the District's common roadways.	

NORTH RIVER RANCH	
IMPROVEMENT STEWARDSHIP DISTRICT	
DEFINITIONS OF GENERAL FUND EXPENDITURES	
Field Operations - continued		
Shared bike maintenance	15,000	
Covers the costs of operating and maintaining the District's shared bike program.	
Capital outlay	30,000	
Covers the costs of minor capital equipment needs.		
Contingency	10,000	
Covers the costs of unforeseens.		
Total Field Operations		786,354 	
Brightwood Pavillion		
Electric	12,000	
Covers the costs of electricty for the facility, pool and landscape lighting.	
Water	2,500	
Covers the costs of water for the facility and pool.		
Phone	250	
Covers the proportionate share of costs of phone for field superintendent.	
Cable Internet wifi	13,000	
Covers the costs of providing cable, internet and wi-fi to the facility.	
Landscape maintenance	50,000	
Covers the costs of providing high quality landscape maintenance to the facilities	
Irrigation repairs and maintenance	20,000	
Covers the costs of maintaining, repairing, upgrading and suppling irrigation water to	
the facilities grounds and pool area.		
Pool maintenance	10,800	
Covers the costs of testing/adjusting water chemistry and cleaning on a routine basis	
to meet resident expectations and Health Department requirements.	
Pool equipment	1,500	
Covers the costs of repair and replacement of minor pool equipment.	
Exterior cleaning	15,000	
Covers the costs of periodic cleaning of the exterior of the facility and associated	
features.		
Interior cleaning	17,110	
Covers the routine cleaning of the interior of the facility.		
Pest control	32,000	
Covers the periodic inspection and treatment for pest.		
Fitness equipment-lease	8,340	
Covers the costs of leasing the fitness equipment in the gym.		
Security monitoring	5,400	
Covers the costs of a third party contractor monitoring the facility cameras and alarms.	
Firepits	6,000	
Covers the costs associated with operating and maintaining the gas fire pits.	
Capital outlay	2,250	
Covers the costs associated with periodic yet minor Capital Outlay requirements.	
Miscellaneous	1,025	
Covers the costs of unforeseens.		
Total Brightwood Pavillion		197,175 	
Riverfield		
Electric	6,500	
Covers the costs of electricty for the facility, pool and landscape lighting.	
Water	270	
Covers the costs of water for the facility and pool.		
Cable internet wifi	9,000	
Covers the costs of providing cable, internet and wi-fi to the facility.	
Landscape maintenance	4,500	
Covers the costs of providing high quality landscape maintenance to the facilities	
grounds and pool area.		

NORTH RIVER RANCH	
IMPROVEMENT STEWARDSHIP DISTRICT	
DEFINITIONS OF GENERAL FUND EXPENDITURES	
Riverfield Pavillion - continued		
Pool maintenance	8,400	
Covers the costs of repair and replacement of minor pool equipment.	
Pool equipment	1,500	
Covers the costs of repair and replacement of minor pool equipment.	
Exterior cleaning	8,244	
Covers the costs of periodic cleaning of the exterior of the facility and associated	
features.		
Interior cleaning	9,848	
Covers the routine cleaning of the interior of the facility.	
Security monitoring	5,400	
Covers the costs of a third party contractor monitoring the facility cameras and alarms.	
Gate monitoring	32,998	
Covers the costs associated with monitoring the gate through a third party contractor.	
Capital outlay	2,100	
Covers the costs associated with periodic yet minor Capital Outlay requirements.	
Miscellaneous	1,000	
Covers the costs of unforeseens.		
Total Riverfield Pavillion	89,760	
Total expenditures	 $1,603,584 	

NORTH RIVER RANCH IMPROVEMENT STEWARDSHIP DISTRICT
DEBT SERVICE FUND BUDGET - SERIES 2019 A-1 & A-2 FIELDSTONE PROJECT
FISCAL YEAR 2023

Fiscal Year 2022

REVENUES
Special assessment - on-roll Allowable discounts (4%)
Assessment levy: net Special assessment: off-roll Assessment prepayments Lot closing
Interest
Total revenues	Adopted	Actual
Budget	through
FY 2022	5/31/2022

$	-
	- 
950,263	$  403,521
-	306,189
-	202,273
-	2,960
-	11
950,263	914,954	Projected
through 9/30/2022

$  211,646
-
-
-
- 211,646	Total
Actual & Projected

$  615,167
306,189
202,273
2,960
11
1,126,600	Proposed
Budget FY 2023

$  720,763
	(28,831)
691,932
-
-
-
- 691,932	

EXPENDITURES
Debt service
Principal - Series 2019A-1
Principal prepayment - Series 2019A-2 Interest - Series 2019A-1
Interest - Series 2019A-2
Total debt service	

155,000
- 500,752
28,689
684,441	

155,000
715,000
500,752
21,868
1,392,620	

-
-
-
-
-	

155,000
715,000
500,752
21,868
1,392,620		

175,000
- 493,390
-
668,390	

Other fees & charges
Property appraiser and Tax collector Total other fees & charges
Total expenditures	

-
- 684,441	

-
- 1,392,620	

-
-
-	

-
- 1,392,620		

21,623
21,623
690,013	

Excess/(deficiency) of revenues over/(under) expenditures	

265,822	

(477,666)	

211,646	

(266,020)		

1,919	
Fund balance:
Net increase/(decrease) in fund balance Beginning fund balance (unaudited) Ending fund balance (projected)	
265,822	(477,666)
293,676	905,625
$  559,498	$  427,959	
211,646
427,959
$  639,605	
(266,020)
905,625
$  639,605		
1,919
639,605
641,524	

Use of fund balance:
Debt service reserve account balance (required) Principal and Interest expense - November 1, 2023
Projected fund balance surplus/(deficit) as of September 30, 2023			

 $ 	

(166,058)
(242,539)
232,927 	

			160,149.11	160,149.11	9,910,000.00	
05/01/20	145,000.00	4.750%	257,382.50	402,382.50	9,765,000.00	
11/01/20			253,938.75	253,938.75	9,765,000.00	
05/01/21	150,000.00	4.750%	253,938.75	403,938.75	9,615,000.00	
11/01/21			250,376.25	250,376.25	9,615,000.00	
05/01/22	155,000.00	4.750%	250,376.25	405,376.25	9,460,000.00	
11/01/22			246,695.00	246,695.00	9,460,000.00	
05/01/23	175,000.00	4.750%	246,695.00	421,695.00	9,285,000.00	
11/01/23			242,538.75	242,538.75	9,285,000.00	
05/01/24	175,000.00	4.750%	242,538.75	417,538.75	9,110,000.00	
11/01/24			238,382.50	238,382.50	9,110,000.00	
05/01/25	185,000.00	4.750%	238,382.50	423,382.50	8,925,000.00	
11/01/25			233,988.75	233,988.75	8,925,000.00	
05/01/26	190,000.00	4.750%	233,988.75	423,988.75	8,735,000.00	
11/01/26			229,476.25	229,476.25	8,735,000.00	
05/01/27	200,000.00	4.750%	229,476.25	429,476.25	8,535,000.00	
11/01/27			224,726.25	224,726.25	8,535,000.00	
05/01/28	220,000.00	4.750%	224,726.25	444,726.25	8,315,000.00	
11/01/28			219,501.25	219,501.25	8,315,000.00	
05/01/29	225,000.00	4.750%	219,501.25	444,501.25	8,090,000.00	
11/01/29			214,157.50	214,157.50	8,090,000.00	
05/01/30	230,000.00	5.200%	214,157.50	444,157.50	7,860,000.00	
11/01/30			208,177.50	208,177.50	7,860,000.00	
05/01/31	250,000.00	5.200%	208,177.50	458,177.50	7,610,000.00	
11/01/31			201,677.50	201,677.50	7,610,000.00	
05/01/32	265,000.00	5.200%	201,677.50	466,677.50	7,345,000.00	
11/01/32			194,787.50	194,787.50	7,345,000.00	
05/01/33	270,000.00	5.200%	194,787.50	464,787.50	7,075,000.00	
11/01/33			187,767.50	187,767.50	7,075,000.00	
05/01/34	285,000.00	5.200%	187,767.50	472,767.50	6,790,000.00	
11/01/34			180,357.50	180,357.50	6,790,000.00	
05/01/35	305,000.00	5.200%	180,357.50	485,357.50	6,485,000.00	
11/01/35			172,427.50	172,427.50	6,485,000.00	
05/01/36	320,000.00	5.200%	172,427.50	492,427.50	6,165,000.00	
11/01/36			164,107.50	164,107.50	6,165,000.00	
05/01/37	340,000.00	5.200%	164,107.50	504,107.50	5,825,000.00	
11/01/37			155,267.50	155,267.50	5,825,000.00	
05/01/38	360,000.00	5.200%	155,267.50	515,267.50	5,465,000.00	
11/01/38			145,907.50	145,907.50	5,465,000.00	
05/01/39	375,000.00	5.200%	145,907.50	520,907.50	5,090,000.00	
11/01/39			136,157.50	136,157.50	5,090,000.00	
05/01/40	395,000.00	5.350%	136,157.50	531,157.50	4,695,000.00	
11/01/40			125,591.25	125,591.25	4,695,000.00	
05/01/41	415,000.00	5.350%	125,591.25	540,591.25	4,280,000.00	
11/01/41			114,490.00	114,490.00	4,280,000.00	
05/01/42	440,000.00	5.350%	114,490.00	554,490.00	3,840,000.00	
11/01/42			102,720.00	102,720.00	3,840,000.00	
05/01/43	460,000.00	5.350%	102,720.00	562,720.00	3,380,000.00	

11/01/43			90,415.00	90,415.00	3,380,000.00	
05/01/44	490,000.00	5.350%	90,415.00	580,415.00	2,890,000.00	
11/01/44			77,307.50	77,307.50	2,890,000.00	
05/01/45	520,000.00	5.350%	77,307.50	597,307.50	2,370,000.00	
11/01/45			63,397.50	63,397.50	2,370,000.00	
05/01/46	550,000.00	5.350%	63,397.50	613,397.50	1,820,000.00	
11/01/46			48,685.00	48,685.00	1,820,000.00	
05/01/47	570,000.00	5.350%	48,685.00	618,685.00	1,250,000.00	
11/01/47			33,437.50	33,437.50	1,250,000.00	
05/01/48	605,000.00	5.350%	33,437.50	638,437.50	645,000.00	
11/01/48			17,253.75	17,253.75	645,000.00	
05/01/49	645,000.00	5.350%	17,253.75	662,253.75	-	
Total	9,460,000.00		8,538,797.50	17,998,797.50		

			55,842.11	55,842.11	3,355,000.00	
05/01/20		5.350%	89,746.25	89,746.25	3,355,000.00	
11/01/20	195,000.00		89,746.25	284,746.25	3,160,000.00	
02/01/21	520,000.00		6,955.00	526,955.00	2,640,000.00	
05/01/21	1,165,000.00	5.350%	70,620.00	1,235,620.00	1,475,000.00	
08/01/21	760,000.00		10,165.00	770,165.00	715,000.00	
11/01/21	510,000.00		19,126.25	529,126.25	205,000.00	
02/01/22	205,000.00		2,741.88	207,741.88	-	
05/01/22		5.350%	-	-	-	
11/01/22			-	-	-	
05/01/23		5.350%	-	-	-	
11/01/23			-	-	-	
05/01/24		5.350%	-	-	-	
11/01/24			-	-	-	
05/01/25		5.350%	-	-	-	
11/01/25			-	-	-	
05/01/26		5.350%	-	-	-	
11/01/26			-	-	-	
05/01/27		5.350%	-	-	-	
11/01/27			-	-	-	
05/01/28		5.350%	-	-	-	
11/01/28			-	-	-	
05/01/29		5.350%	-	-	-	
Total	-	-	-

NORTH RIVER RANCH IMPROVEMENT STEWARDSHIP DISTRICT
DEBT SERVICE FUND BUDGET - SERIES 2019 A-1 & A-2 "MORGANS GLEN PROJECT"
FISCAL YEAR 2023

Fiscal Year 2022

REVENUES
Special assessment - on-roll Allowable discounts (4%)
Assessment levy: net Special assessment: off-roll Assessment prepayments Lot closing
Interest & misc.
Total revenues	Adopted	Actual
Budget	through
FY 2022	5/31/2022

$	-
	- 
861,195	$	51,599
-	436,643
-	1,185,936
-	15,417
-	23
861,195	1,689,618	Projected
through 9/30/2022

$	280,381
- 296,593
-
- 576,974	Total
Actual & Projected

$	331,980
436,643
1,482,529
15,417
23
2,266,592	Proposed
Budget FY 2023

$	392,635
	(15,705)
376,930
-
-
-
- 376,930	

EXPENDITURES
Debt service
Principal - A-1
Principal prepayment - A-2 Interest - A-1
Interest - A-2
Total debt service	

90,000
- 271,110
244,400
605,510	

90,000
1,765,000
271,110
216,385
2,342,495	

- 250,000
- 3,250
253,250	

90,000
2,015,000
271,110
219,635
2,595,745		

95,000
295,000
131,950
266,970
788,920	

Other fees & charges
Property appraiser and Tax collector Total other fees & charges
Total expenditures	

-
- 605,510	

-
- 2,342,495	

-
- 253,250	

-
- 2,595,745		

7,853
7,853
796,773	

Excess/(deficiency) of revenues over/(under) expenditures	

255,685	

(652,877)	

323,724	

(329,153)		

(419,843)	
Fund balance:
Net increase/(decrease) in fund balance Beginning fund balance (unaudited) Ending fund balance (projected)	
255,685	(652,877)
293,676	1,055,746
$	549,361	$	402,869	
323,724
402,869
$  726,593	
(329,153)
1,055,746
$	726,593		
(419,843)
726,593
306,750	

Use of fund balance:
Debt service reserve account balance (required) Principal and Interest expense - November 1, 2023
Projected fund balance surplus/(deficit) as of September 30, 2023			

 $		

(91,059)
(193,440)
22,251 	

				-	5,530,000.00	
05/01/20	95,000.00	4.600%	124,173.34	219,173.34	5,435,000.00	
11/01/20			137,510.00	137,510.00	5,435,000.00	
05/01/21	85,000.00	4.600%	137,510.00	222,510.00	5,350,000.00	
11/01/21			135,555.00	135,555.00	5,350,000.00	
05/01/22	90,000.00	4.600%	135,555.00	225,555.00	5,260,000.00	
11/01/22			133,485.00	133,485.00	5,260,000.00	
05/01/23	95,000.00	4.600%	133,485.00	228,485.00	5,165,000.00	
11/01/23			131,300.00	131,300.00	5,165,000.00	
05/01/24	100,000.00	4.600%	131,300.00	231,300.00	5,065,000.00	
11/01/24			129,000.00	129,000.00	5,065,000.00	
05/01/25	105,000.00	4.600%	129,000.00	234,000.00	4,960,000.00	
11/01/25			126,585.00	126,585.00	4,960,000.00	
05/01/26	110,000.00	4.600%	126,585.00	236,585.00	4,850,000.00	
11/01/26			124,055.00	124,055.00	4,850,000.00	
05/01/27	115,000.00	5.000%	124,055.00	239,055.00	4,735,000.00	
11/01/27			121,180.00	121,180.00	4,735,000.00	
05/01/28	125,000.00	5.000%	121,180.00	246,180.00	4,610,000.00	
11/01/28			118,055.00	118,055.00	4,610,000.00	
05/01/29	125,000.00	5.000%	118,055.00	243,055.00	4,485,000.00	
11/01/29			114,930.00	114,930.00	4,485,000.00	
05/01/30	130,000.00	5.000%	114,930.00	244,930.00	4,355,000.00	
11/01/30			111,680.00	111,680.00	4,355,000.00	
05/01/31	140,000.00	5.000%	111,680.00	251,680.00	4,215,000.00	
11/01/31			108,180.00	108,180.00	4,215,000.00	
05/01/32	145,000.00	5.000%	108,180.00	253,180.00	4,070,000.00	
11/01/32			104,555.00	104,555.00	4,070,000.00	
05/01/33	155,000.00	5.000%	104,555.00	259,555.00	3,915,000.00	
11/01/33			100,680.00	100,680.00	3,915,000.00	
05/01/34	165,000.00	5.000%	100,680.00	265,680.00	3,750,000.00	
11/01/34			96,555.00	96,555.00	3,750,000.00	
05/01/35	170,000.00	5.000%	96,555.00	266,555.00	3,580,000.00	
11/01/35			92,305.00	92,305.00	3,580,000.00	
05/01/36	180,000.00	5.000%	92,305.00	272,305.00	3,400,000.00	
11/01/36			87,805.00	87,805.00	3,400,000.00	
05/01/37	185,000.00	5.000%	87,805.00	272,805.00	3,215,000.00	
11/01/37			83,180.00	83,180.00	3,215,000.00	
05/01/38	200,000.00	5.000%	83,180.00	283,180.00	3,015,000.00	
11/01/38			78,180.00	78,180.00	3,015,000.00	
05/01/39	210,000.00	5.000%	78,180.00	288,180.00	2,805,000.00	
11/01/39			72,930.00	72,930.00	2,805,000.00	
05/01/40	220,000.00	5.200%	72,930.00	292,930.00	2,585,000.00	
11/01/40			67,210.00	67,210.00	2,585,000.00	
05/01/41	230,000.00	5.200%	67,210.00	297,210.00	2,355,000.00	
11/01/41			61,230.00	61,230.00	2,355,000.00	
05/01/42	245,000.00	5.200%	61,230.00	306,230.00	2,110,000.00	
11/01/42			54,860.00	54,860.00	2,110,000.00	
05/01/43	255,000.00	5.200%	54,860.00	309,860.00	1,855,000.00	

11/01/43			48,230.00	48,230.00	1,855,000.00	
05/01/44	270,000.00	5.200%	48,230.00	318,230.00	1,585,000.00	
11/01/44			41,210.00	41,210.00	1,585,000.00	
05/01/45	285,000.00	5.200%	41,210.00	326,210.00	1,300,000.00	
11/01/45			33,800.00	33,800.00	1,300,000.00	
05/01/46	300,000.00	5.200%	33,800.00	333,800.00	1,000,000.00	
11/01/46			26,000.00	26,000.00	1,000,000.00	
05/01/47	315,000.00	5.200%	26,000.00	341,000.00	685,000.00	
11/01/47			17,810.00	17,810.00	685,000.00	
05/01/48	335,000.00	5.200%	17,810.00	352,810.00	350,000.00	
11/01/48			9,100.00	9,100.00	350,000.00	
05/01/49	350,000.00	5.200%	9,100.00	359,100.00	-	
Total	5,260,000.00		4,588,180.00	9,848,180.00		

					5,045,000.00	
05/01/20		5.200%	-	-	5,045,000.00	
11/01/20			-	-	5,045,000.00	
02/01/21	345,000.00	5.200%	-	345,000.00	4,700,000.00	
05/01/21		5.200%	-	-	4,700,000.00	
11/01/21	830,000.00	5.200%	122,200.00	952,200.00	3,870,000.00	
02/01/22	495,000.00	5.200%	6,435.00	501,435.00	3,375,000.00	
05/01/22	440,000.00	5.200%	87,750.00	527,750.00	2,935,000.00	
08/01/22	250,000.00	5.200%	3,250.00	253,250.00	2,685,000.00	
11/01/22	295,000.00		69,810.00	364,810.00	2,390,000.00	
05/01/23		5.200%	62,140.00	62,140.00	2,390,000.00	
11/01/23			62,140.00	62,140.00	2,390,000.00	
05/01/24		5.200%	62,140.00	62,140.00	2,390,000.00	
11/01/24			62,140.00	62,140.00	2,390,000.00	
05/01/25		5.200%	62,140.00	62,140.00	2,390,000.00	
11/01/25			62,140.00	62,140.00	2,390,000.00	
05/01/26		5.200%	62,140.00	62,140.00	2,390,000.00	
11/01/26			62,140.00	62,140.00	2,390,000.00	
05/01/27		5.200%	62,140.00	62,140.00	2,390,000.00	
11/01/27			62,140.00	62,140.00	2,390,000.00	
05/01/28		5.200%	62,140.00	62,140.00	2,390,000.00	
11/01/28			62,140.00	62,140.00	2,390,000.00	
05/01/29	2,390,000.00	5.200%	62,140.00	2,452,140.00	-	
Total	2,685,000.00		877,630.00	3,562,630.00		

Bond Principal	Coupon Rate	Interest	Debt Service	Balance

NORTH RIVER RANCH IMPROVEMENT STEWARDSHIP DISTRICT
DEBT SERVICE FUND BUDGET - NORTH RIVER RANCH CDD SERIES 2020A-1 FISCAL YEAR 2023

Fiscal Year 2022
	Adopted	Actual	Projected	Total	Proposed	
	Budget	through	through	Actual &	Budget	
	FY 2022	5/31/2022	9/30/2022	Projected	FY 2023	
REVENUES						
Special assessment - on-roll	$	-					
Allowable discounts (4%)		- 				 $	- 	
Assessment levy: net	-	$	-	$	-	$	-	-	
Special assessment: off-roll	1,213,486	498,520	714,966	1,213,486	858,733	
Interest	-	14	-	14	-	
Total revenues	1,213,486	498,534	714,966	1,213,500	858,733	

EXPENDITURES							
Debt service							
Principal - Series 2020A-1	140,000	140,000	-	140,000		145,000	
Interest - Series 2020A-1	305,375	306,425	-	306,425		302,225	
Interest - Series 2020A-2	210,420	210,420		210,420		210,420	
Interest - Series 2020A-3	200,212	200,212	-	200,212		200,213	
Total expenditures	856,007	857,057	-	857,057		857,858	

Excess/(deficiency) of revenues over/(under) expenditures	

357,479	

(358,523)	

714,966	

356,443		

875	
OTHER FINANCING SOURCES/(USES)							
Transfer out	-	(39)	-	-		-	
Total other financing sources/(uses)	-	(39)	-	-		-	

Fund balance:						
Net increase/(decrease) in fund balance	357,479	(358,562)	714,966	356,443	875	
Beginning fund balance (unaudited)	-	787,932	429,370	787,932	1,144,375	
Ending fund balance (projected)	$	357,479	$	429,370	$1,144,336	$  1,144,375	1,145,250	

Use of fund balance:					
Debt service reserve account balance (required)				(429,366)	
Principal and Interest expense - November 1, 2023				(354,254)	
Projected fund balance surplus/(deficit) as of September 30, 2023			 $		361,630 	

				-	7,670,000.00	
05/01/21			119,165.28	119,165.28	7,670,000.00	
11/01/21			153,212.50	153,212.50	7,670,000.00	
05/01/22	140,000.00	3.000%	153,212.50	293,212.50	7,530,000.00	
11/01/22			151,112.50	151,112.50	7,530,000.00	
05/01/23	145,000.00	3.000%	151,112.50	296,112.50	7,385,000.00	
11/01/23			148,937.50	148,937.50	7,385,000.00	
05/01/24	150,000.00	3.000%	148,937.50	298,937.50	7,235,000.00	
11/01/24			146,687.50	146,687.50	7,235,000.00	
05/01/25	155,000.00	3.000%	146,687.50	301,687.50	7,080,000.00	
11/01/25			144,362.50	144,362.50	7,080,000.00	
05/01/26	160,000.00	3.500%	144,362.50	304,362.50	6,920,000.00	
11/01/26			141,562.50	141,562.50	6,920,000.00	
05/01/27	165,000.00	3.500%	141,562.50	306,562.50	6,755,000.00	
11/01/27			138,675.00	138,675.00	6,755,000.00	
05/01/28	170,000.00	3.500%	138,675.00	308,675.00	6,585,000.00	
11/01/28			135,700.00	135,700.00	6,585,000.00	
05/01/29	175,000.00	3.500%	135,700.00	310,700.00	6,410,000.00	
11/01/29			132,637.50	132,637.50	6,410,000.00	
05/01/30	185,000.00	3.500%	132,637.50	317,637.50	6,225,000.00	
11/01/30			129,400.00	129,400.00	6,225,000.00	
05/01/31	190,000.00	4.000%	129,400.00	319,400.00	6,035,000.00	
11/01/31			125,600.00	125,600.00	6,035,000.00	
05/01/32	200,000.00	4.000%	125,600.00	325,600.00	5,835,000.00	
11/01/32			121,600.00	121,600.00	5,835,000.00	
05/01/33	205,000.00	4.000%	121,600.00	326,600.00	5,630,000.00	
11/01/33			117,500.00	117,500.00	5,630,000.00	
05/01/34	215,000.00	4.000%	117,500.00	332,500.00	5,415,000.00	
11/01/34			113,200.00	113,200.00	5,415,000.00	
05/01/35	225,000.00	4.000%	113,200.00	338,200.00	5,190,000.00	
11/01/35			108,700.00	108,700.00	5,190,000.00	
05/01/36	235,000.00	4.000%	108,700.00	343,700.00	4,955,000.00	
11/01/36			104,000.00	104,000.00	4,955,000.00	
05/01/37	245,000.00	4.000%	104,000.00	349,000.00	4,710,000.00	
11/01/37			99,100.00	99,100.00	4,710,000.00	
05/01/38	250,000.00	4.000%	99,100.00	349,100.00	4,460,000.00	
11/01/38			94,100.00	94,100.00	4,460,000.00	
05/01/39	265,000.00	4.000%	94,100.00	359,100.00	4,195,000.00	
11/01/39			88,800.00	88,800.00	4,195,000.00	
05/01/40	275,000.00	4.000%	88,800.00	363,800.00	3,920,000.00	
11/01/40			83,300.00	83,300.00	3,920,000.00	
05/01/41	285,000.00	4.250%	83,300.00	368,300.00	3,635,000.00	
11/01/41			77,243.75	77,243.75	3,635,000.00	
05/01/42	295,000.00	4.250%	77,243.75	372,243.75	3,340,000.00	
11/01/42			70,975.00	70,975.00	3,340,000.00	
05/01/43	310,000.00	4.250%	70,975.00	380,975.00	3,030,000.00	
11/01/43			64,387.50	64,387.50	3,030,000.00	
05/01/44	325,000.00	4.250%	64,387.50	389,387.50	2,705,000.00	

11/01/44			57,481.25	57,481.25	2,705,000.00	
05/01/45	340,000.00	4.250%	57,481.25	397,481.25	2,365,000.00	
11/01/45			50,256.25	50,256.25	2,365,000.00	
05/01/46	355,000.00	4.250%	50,256.25	405,256.25	2,010,000.00	
11/01/46			42,712.50	42,712.50	2,010,000.00	
05/01/47	370,000.00	4.250%	42,712.50	412,712.50	1,640,000.00	
11/01/47			34,850.00	34,850.00	1,640,000.00	
05/01/48	385,000.00	4.250%	34,850.00	419,850.00	1,255,000.00	
11/01/48			26,668.75	26,668.75	1,255,000.00	
05/01/49	400,000.00	4.250%	26,668.75	426,668.75	855,000.00	
11/01/49			18,168.75	18,168.75	855,000.00	
05/01/50	420,000.00	4.250%	18,168.75	438,168.75	435,000.00	
11/01/50			9,243.75	9,243.75	435,000.00	
05/01/51	435,000.00	4.250%	9,243.75	444,243.75	-	
Total	7,095,000.00		5,535,437.50	12,630,437.50		

					5,010,000.00	
11/01/21
05/01/22		
4.200%	105,210.00
105,210.00	105,210.00
105,210.00	5,010,000.00
5,010,000.00	
11/01/22
05/01/23		
4.200%	105,210.00
105,210.00	105,210.00
105,210.00	5,010,000.00
5,010,000.00	
11/01/23			105,210.00	105,210.00	5,010,000.00	
05/01/24		4.200%	105,210.00	105,210.00	5,010,000.00	
11/01/24			105,210.00	105,210.00	5,010,000.00	
05/01/25		4.200%	105,210.00	105,210.00	5,010,000.00	
11/01/25			105,210.00	105,210.00	5,010,000.00	
05/01/26		4.200%	105,210.00	105,210.00	5,010,000.00	
11/01/26			105,210.00	105,210.00	5,010,000.00	
05/01/27		4.200%	105,210.00	105,210.00	5,010,000.00	
11/01/27			105,210.00	105,210.00	5,010,000.00	
05/01/28		4.200%	105,210.00	105,210.00	5,010,000.00	
11/01/28			105,210.00	105,210.00	5,010,000.00	
05/01/29		4.200%	105,210.00	105,210.00	5,010,000.00	
11/01/29			105,210.00	105,210.00	5,010,000.00	
05/01/30		4.200%	105,210.00	105,210.00	5,010,000.00	
11/01/30			105,210.00	105,210.00	5,010,000.00	
05/01/31		4.200%	105,210.00	105,210.00	5,010,000.00	
11/01/31			105,210.00	105,210.00	5,010,000.00	
05/01/32		4.200%	105,210.00	105,210.00	5,010,000.00	
11/01/32			105,210.00	105,210.00	5,010,000.00	
05/01/33		4.200%	105,210.00	105,210.00	5,010,000.00	
11/01/33			105,210.00	105,210.00	5,010,000.00	
05/01/34		4.200%	105,210.00	105,210.00	5,010,000.00	
11/01/34			105,210.00	105,210.00	5,010,000.00	
05/01/35	5,010,000.00	4.200%	105,210.00	5,115,210.00	-	
Total	5,010,000.00		2,945,880.00	7,955,880.00		

11/01/21
05/01/22		

4.750%	
100,106.25
100,106.25	
100,106.25
100,106.25	4,215,000.00
4,215,000.00
4,215,000.00	
11/01/22
05/01/23		
4.750%	100,106.25
100,106.25	100,106.25
100,106.25	4,215,000.00
4,215,000.00	
11/01/23
05/01/24
11/01/24
05/01/25
11/01/25
05/01/26
11/01/26
05/01/27
11/01/27
05/01/28
11/01/28
05/01/29
11/01/29
05/01/30
11/01/30
05/01/31
11/01/31
05/01/32
11/01/32
05/01/33
11/01/33
05/01/34
11/01/34
05/01/35
11/01/35
05/01/36
11/01/36
05/01/37
11/01/37
05/01/38
11/01/38
05/01/39
11/01/39
05/01/40	

4,215,000.00	
4.750%

4.750%

4.750%

4.750%

4.750%

4.750%

4.750%

4.750%

4.750%

4.750%

4.750%

4.750%

4.750%

4.750%

4.750%

4.750%

4.750%	100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25	100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
100,106.25
4,315,106.25	4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
4,215,000.00
-	
Total	-	1,801,912.50	1,801,912.50

NORTH RIVER RANCH IMPROVEMENT STEWARDSHIP DISTRICT
DEBT SERVICE FUND BUDGET - FIELDSTONE CDD SERIES 2021B FISCAL YEAR 2023

Fiscal Year 2022
	Actual	Projected	Total	Proposed	
	through	through	Actual &	Budget	
	5/31/2022	9/30/2022	Projected	FY 2023	
REVENUES					
Special assessment: off-roll	$	397,028	$	16,387	$	413,415	$	26,600	
Assessment prepayments	2,309,862	545,197	2,855,059	-	
Lot closing	24,428	-	24,428	-	
Interest	20	-	20	-	
Total revenues	2,731,338	561,584	3,292,922	26,600	

EXPENDITURES
Debt service Principal prepayment Interest
Total debt service
Total expenditures	

1,855,000	

1,535,000	

3,390,000		

75,000	
	146,249	15,350	161,599		28,100	
	2,001,249	1,550,350	3,551,599		103,100	
	2,001,249	1,550,350	3,551,599		103,100	

Excess/(deficiency) of revenues over/(under) expenditures	

730,089	

(988,766)	

(258,677)		

(76,500)	
Fund balance:						
Net increase/(decrease) in fund balance	730,089	(988,766)	(258,677)		(76,500)	
Beginning fund balance (unaudited)	348,477	1,078,566	348,477		89,800	
Ending fund balance (projected)	$ 1,078,566	$	89,800	$	89,800		13,300	

Use of fund balance:					
Debt service reserve account balance (required)				-	
Principal and Interest expense - November 1, 2023				(13,300)	
Projected fund balance surplus/(deficit) as of September 30, 2023			 $		- 	

NORTH RIVER RANCH IMPROVEMENT STEWARDSHIP DISTRICT
FIELDSTONE CDD SERIES 2021B AMORTIZATION SCHEDULE

Bond Principal	Coupon Rate	Interest	Debt Service	Balance
					4,130,000.00	
11/01/21	270,000.00		74,798.89	344,798.89	3,860,000.00	
02/01/22	575,000.00		5,750.00	580,750.00	3,285,000.00	
05/01/22	1,010,000.00	4.000%	65,700.00	1,075,700.00	2,275,000.00	
08/01/22	1,535,000.00		15,350.00	1,550,350.00	740,000.00	
11/01/22	75,000.00		14,800.00	89,800.00	665,000.00	
05/01/23		4.000%	13,300.00	13,300.00	665,000.00	
11/01/23			13,300.00	13,300.00	665,000.00	
05/01/24		4.000%	13,300.00	13,300.00	665,000.00	
11/01/24			13,300.00	13,300.00	665,000.00	
05/01/25		4.000%	13,300.00	13,300.00	665,000.00	
11/01/25			13,300.00	13,300.00	665,000.00	
05/01/26		4.000%	13,300.00	13,300.00	665,000.00	
11/01/26			13,300.00	13,300.00	665,000.00	
05/01/27		4.000%	13,300.00	13,300.00	665,000.00	
11/01/27			13,300.00	13,300.00	665,000.00	
05/01/28		4.000%	13,300.00	13,300.00	665,000.00	
11/01/28			13,300.00	13,300.00	665,000.00	
05/01/29		4.000%	13,300.00	13,300.00	665,000.00	
11/01/29			13,300.00	13,300.00	665,000.00	
05/01/30		4.000%	13,300.00	13,300.00	665,000.00	
11/01/30			13,300.00	13,300.00	665,000.00	
05/01/31	665,000.00	4.000%	13,300.00	678,300.00	-	
Total	740,000.00		240,900.00	980,900.00		

On-Roll - Fieldstone CDD Phase 1 (Series 2019A-1)* - Brightwood	
						
FY 2022	
			FY 2023 O&M	FY 2023 DS	FY 2023 Total	Total	
			Assessment	Assessment	Assessment	Assessment	
	Product		  Phase			Units			per Unit			per Unit			per Unit			per Unit		
SF 40'	1A	119	$	983.02	$	1,064.52	$	2,047.54	$ 2,047.54	
SF 50'	1A	81	1,228.77	1,236.56	2,465.33	2,465.33	
SF 40'	1B	77	983.02	1,021.51	2,004.53	2,004.53	
SF 50'	1B	59	1,228.77	1,152.69	2,381.46	2,381.07	
SF 40'	1C	99	983.02	1,021.51	2,004.53	2,004.53	
SF 50'	1C	75	1,228.77	1,152.69	2,381.46	2,381.07	
SF 60'	1D (West)	56	1,474.53	1,451.61	2,926.14	2,926.14	
SF 60'	1D (East)		54 	1,474.53	1,451.61	2,926.14	2,926.14	
Total		620					

On-Roll - Fieldstone CDD Morgan's Glen (Series 2019A-1 Morgan's Glen)** - Morgan's Glen

FY 2022 FY 2023 O&M	FY 2023 DS	FY 2023 Total	Total
Assessment	Assessment	Assessment	Assessment
	Product	  Phase	 	Units	 	per Unit	 	per Unit	 	per Unit	 	per Unit	
SF 50'	1	169	$	1,228.77	$	1,129.03	$	2,357.80	$ 2,357.81	
SF 40'/45'/50'	2	61	1,228.77	1,021.51	2,250.28	2,250.28	
Townhome	3		150 	860.14	930.11	1,790.25	1,790.25	
Total		380					

Off-Roll - Fieldstone CDD Phase 2 - Future Development

	FY 2022	
FY 2023 O&M	FY 2023 DS	FY 2023 Total	Total	
Assessment	Assessment	Assessment	Assessment	
Units	per Unit	per Unit	per Unit	per Unit	

Product
 	    
Unplatted Acres		231   $	209.78	$	-	$	209.78	n/a
231

* Please note that the Fieldstone CDD Phase 1 Units are also subject to the Series 2020A-2 Bonds (1B and 1D East) and Series 2021B (1C and 1S West)
** Please note that the Fieldstone CDD Phase 2 Units are also subject to the Series 2019A-2 Morgan's Glen Bonds

Off-Roll - North River Ranch CDD, Phases IVA - IVB (Series 2020A-1)*** - Wildleaf

FY 2022 FY 2023 O&M	FY 2023 DS	FY 2023 Total	Total
Assessment	Assessment	Assessment	Assessment
	Product	  Phase	 	Units	 	per Unit	 	per Unit	 	per Unit	 	per Unit	
Attached Villa 35'	4A - 4B	118	$	581.13	$	934.96	$	1,516.09	n/a	
SF 45'	4A - 4B	99	747.17	1,088.96	1,836.13	n/a	
SF 50'	4A - 4B	33	830.19	1,253.96	2,084.15	n/a	
SF 57'	4A - 4B		127 	946.42	1,484.94	2,431.36	n/a	
Total		377					

Off-Roll - North River Ranch CDD, Phases I, II, III, IVC - IVF - Future Development

						FY 2022	
		FY 2023 O&M	FY 2023 DS	FY 2023 Total	Total	
		Assessment	Assessment	Assessment	Assessment	
	Product			Units			per Unit			per Unit			per Unit			per Unit		
Unplatted Acres		1,269 	$	209.78	$	-	$	209.78	n/a	
Total	1,269						

*** Please note that the North River Ranch CDD Phases IVA - IVB Units are also subject to the Series 2020A-2 Bonds