North Powerline Road
Community Development District

Adopted Budget
FY2025

6M3

Table of Contents

1-2	General Fund	

3-7	

General Fund Narrative	

8	

Capital Reserve Fund	

9	

Series 2020 Debt Service Fund	

10	

Series 2020 Amortization Schedule	

11	

Series 2022 Debt Service Fund	

12-13	

Series 2022 Amortization Schedule	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues						
Assessments - Roll	$	632,269	$	636,102	$	-	$	636,102	$	887,027	
Assessments - Direct	$	105,677	$	52,838	$	52,838	$	105,677	$	-	
Boundary Amendment Contributions	$	-	$	12,564	$	-	$	12,564	$	-	
Interest	$	-	$	57	$	-	$	57	$	-	
Lease Proceeds	$	-	$	130,999	$	-	$	130,999	$	-	
Miscellaneous	$	-	$	250	$	-	$	250	$	-	
Total Revenues	$	737,946	$	832,811	$	52,838	$	885,649	$	887,027	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	4,000	
$	3,000	
$	7,000	
$	12,000	
Engineering	$	20,000	$	340	$	600	$	940	$	17,500	
Attorney	$	30,000	$	15,907	$	5,302	$	21,210	$	30,000	
Annual Audit	$	5,500	$	-	$	5,500	$	5,500	$	5,600	
Assessment Administration	$	6,500	$	6,500	$	-	$	6,500	$	8,500	
Arbitrage	$	1,350	$	450	$	900	$	1,350	$	2,250	
Dissemination	$	7,000	$	5,500	$	2,000	$	7,500	$	9,000	
Trustee Fees	$	12,500	$	8,081	$	-	$	8,081	$	20,205	
Management Fees	$	40,000	$	30,000	$	10,000	$	40,000	$	45,000	
Information Technology	$	1,890	$	1,418	$	473	$	1,890	$	1,985	
Website Maintenance	$	1,260	$	945	$	315	$	1,260	$	1,323	
Postage & Delivery	$	1,000	$	929	$	310	$	1,239	$	1,000	
Insurance	$	7,687	$	6,371	$	-	$	6,371	$	8,840	
Copies	$	1,000	$	63	$	25	$	88	$	500	
Legal Advertising	$	10,000	$	8,829	$	2,894	$	11,723	$	10,000	
Other Current Charges	$	5,000	$	364	$	165	$	529	$	2,500	
Boundary Amendment Expenses	$	-	$	8,767	$	-	$	8,767	$	-	
Office Supplies	$	625	$	22	$	15	$	37	$	250	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	163,487	$	98,662	$	31,499	$	130,161	$	176,627	

	Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Operations & Maintenance						
Field Expenditures						
Property Insurance	$	20,000	$	19,777	$	-	$	19,777	$	27,500	
Field Management	$	16,538	$	12,404	$	4,134	$	16,538	$	20,000	
Landscape Maintenance	$	100,000	$	59,255	$	19,752	$	79,007	$	160,000	
Landscape Replacement	$	25,000	$	4,066	$	1,500	$	5,566	$	25,000	
Lake Maintenance	$	21,600	$	8,262	$	2,754	$	11,016	$	15,204	
Fountain Maintenance	$	1,800	$	150	$	600	$	750	$	1,800	
Streetlights	$	75,000	$	83,408	$	27,803	$	111,211	$	112,000	
Electric	$	7,500	$	6,017	$	2,006	$	8,023	$	9,000	
Water & Sewer	$	2,400	$	137	$	225	$	362	$	2,400	
Sidewalk & Asphalt Maintenance	$	2,500	$	-	$	1,250	$	1,250	$	2,500	
Irrigation Repairs	$	5,000	$	5,015	$	1,672	$	6,687	$	5,000	
General Repairs & Maintenance	$	15,000	$	4,789	$	1,596	$	6,385	$	20,000	
Contingency	$	7,500	$	3,965	$	1,500	$	5,465	$	7,500	
Subtotal Field Expenditures	$	299,838	$	207,245	$	64,791	$	272,036	$	407,904	

Amenity Expenditures						
Amenity - Electric	$	16,800	$	11,243	$	5,622	$	16,865	$	18,000	
Amenity - Water	$	4,000	$	2,374	$	791	$	3,165	$	4,000	
Playground Lease	$	53,688	$	36,757	$	16,316	$	53,073	$	53,688	
Internet	$	2,000	$	963	$	330	$	1,293	$	2,000	
Pest Control	$	630	$	360	$	720	$	1,080	$	648	
Janitorial Services	$	10,800	$	6,525	$	2,175	$	8,700	$	14,060	
Security Services	$	34,000	$	23,320	$	7,773	$	31,093	$	34,000	
Pool Maintenance	$	36,000	$	26,955	$	8,985	$	35,940	$	33,300	
Amenity Management	$	5,250	$	3,938	$	1,313	$	5,250	$	15,000	
Amenity Repairs & Maintenance	$	15,000	$	6,020	$	2,007	$	8,027	$	12,500	
Hog Trap	$	-	$	-	$	-	$	-	$	5,000	
Holiday Decorations	$	-	$	-	$	-	$	-	$	7,500	
Contingency	$	7,500  $	4,625	$	2,875	$	7,500	$	7,500	
Capital Outlay	$	-	$	65,500	$	-	$	65,500	$	-	
Subtotal Amenity Expenditures	$	185,668  $	188,579	$	48,907	$	237,486	$	207,196	

Total Operations & Maintenance	$	485,506  $	395,824  $	113,699  $	509,522  $	615,100

Other Expenditures		
Capital Reserves	$	88,953	$	-	$	88,953	$	88,953	$	95,300	
Total Other Expenditures	$	88,953	$	-	$	88,953	$	88,953	$	95,300	

Excess Revenues/(Expenditures)	$	-	$	338,325  $	(181,312)  $	157,013  $	-

Total Expenditures	$	737,946  $	494,486  $	234,150  $	728,636  $	887,027

Product	

ERU's	
Assessable Units	

ERU/Unit	

Net Total	
FY2025 Net Per Unit	
FY2025 Gross Per Unit	
FY2024 Gross Per Unit	FY2025
Increase/ (Decrease)	
Phase 1 - Tax Roll	295.00	295	1.00	$236,943.91	$803.20	$863.66	$707.45	$156.21	
Phase 2 - Tax Roll	271.00	271	1.00	$217,667.12	$803.20	$863.66	$707.45	$156.21	
Phase 3 Platted	8.00	8	1.00	$6,425.60	$803.20	$863.66	$707.45	$156.21	
Phase 3 Townhomes	225.00	300	0.75	$180,719.93	$602.40	$647.74	$530.59	$117.16	
Phase 4 - Tax Roll - Single Family	162.00	162	1.00	$130,118.35	$803.20	$863.66	$169.84	$693.82	
Phase 5 - Direct - Unplatted	87.07	532	0.16	$69,932.85	$131.45	$141.35	$147.65	($6.31)	
Phase 6 - Direct - Unplatted	56.30	344	0.16	$45,219.74	$131.45	$141.35	$147.65	($6.31)	
	1104.37	1912		$887,027.49					

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District in order to pay for operating expenditures during the fiscal year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering

The District's engineer will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District has contracted DiBartolomeo, McBee, Hartley & Barnes, P.A.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District. The District has contracted with Governmental Management Services – Central Florida LLC.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2020, Series 2022 bond, and one other anticipated bond issuance.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost is based upon the Series 2020, Series 2022 bonds and one other anticipated bond issuance. The District is contracted with Governmental Management Services – Central Florida LLC.

Trustee Fees

The District will incur trustee related costs with the issuance of its issued bonds with US Bank.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents costs with Governmental Management Services – Central Florida LLC related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.

Website Maintenance

Represents the costs with Governmental Management Services – Central Florida LLC associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages with Florida Insurance Alliance.

Copies

Printing and binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for
$175. This is the only expense under this category for the District.

Operations & Maintenance:

Field Expenditures

Property Insurance

The District’s property insurance coverages.

Field Management

Represents the costs of contracting services with Governmental Management Services – Central Florida LLC to provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed. The District has contracted with Prince & Sons, Inc. to provide these services.

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Lake Maintenance

Represents the cost of contracting aquatic weed control services that maintain the lakes located within the District.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenditures

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity facilities.

Playground Lease

The District has entered into a leasing agreement for playgrounds installed in the community.

Internet

Internet service for use at the Amenity Center.

Pest Control

The District will incur costs for pest control treatments to its amenity facilities.

Janitorial Services

Represents estimated costs to provide janitorial services and supplies for the District’s amenity facilities.

Security Services

Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities.

Pool Maintenance

Represents estimated costs of regular cleaning and treatments of the District’s pool contracted with Resort Pool Services.

Amenity Management

Provides access card issuance through registration, proof of residency, and photo identification. The team also provides keycard troubleshooting for issues and concerns related to access control. Staff reviews security concerns and amenity policy violations via remote camera monitoring on an as-needed basis. Districts are provided electronic communication for District news and direct remote customer service through phone and email directly to the Amenity Access Team.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Hog Trap/Prevention

Represents estimated costs for repairs and maintenance for pest control.

Holiday Decorations

Represents estimated costs for holiday decoration of the District.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Expenses:

Capital Reserves

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.

North Powerline Road Community Development District Adopted Budget
Capital Reserve Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues						
Interest	$	-	$	2,753	$	918	$	3,670	$	2,000	
Carry Forward Surplus	$	74,200	$	-	$	-	$	-	$	92,623	
Total Revenues	$	74,200	$	2,753	$	918	$	3,670	$	94,623	

Expenditures						
Chair Lift Replacement	$	-	$	-	$	-	$	-	$	10,500	
Fountain Replacement	$	-	$	-	$	-	$	-	$	13,500	
Playground Fence	$	-	$	-	$	-	$	-	$	10,000	
Contingency	$	-	$	-	$	-	$	-	$	1,000	
Total Expenditures	$	-	$	-	$	-	$	-	$	35,000	

Other Financing Sources						
Transfer In/(Out)	$	88,953	$	-	$	88,953	$	88,953	$	95,300	
Total Other Sources/(Uses)	$	88,953	$	-	$	88,953	$	88,953	$	95,300	
						
Excess Revenues/(Expenditures)	$	163,153	$	2,753	$	89,871	$	92,623	$	154,923	

North Powerline Road Community Development District Adopted Budget
Series 2020 Debt Service Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues						
Assessments	$	712,525	$	716,843	$	-	$	716,843	$	712,525	
Interest	$	-	$	26,003	$	8,668	$	34,670	$	8,000	
Carry Forward Surplus	$	258,989	$	265,949	$	-	$	265,949	$	305,857	
Total Revenues	$	971,513	$  1,008,795	$	8,668	$  1,017,463	$  1,026,381	

Expenditures						
Interest Expense - 11/1	$	225,803	$	225,803	$	-	$	225,803	$	222,391	
Principal Expense - 5/1	$	260,000	$	260,000	$	-	$	260,000	$	270,000	
Interest Expense - 5/1	$	225,803	$	225,803	$	-	$	225,803	$	222,391	
Total Expenditures	$	711,606	$	711,606	$	-	$	711,606	$	714,781	
						
Net Change in Fund Balance	$	259,907	$	297,189	$	8,668	$	305,857	$	311,600	

Interest Expense 11/1/25	 $	218,847 
Total	$	218,847

Maximum Annual	Net Assessment Per	Gross Assessment
Product	Assessable Units	Debt Service	Unit	Per Unit	
Single Family - Phase 1	295	$	357,687	$1,212	$1,304	
Single Family - Phase 2	271	$	354,838	$1,309	$1,408	
	566	$	712,525			

Series 2020 Special Assessment Bonds Amortization Schedule

Date	Balance	Principal	Interest	Total

11/01/23	$
05/01/24	$

12,155,000.00	$
12,155,000.00	$

-	$
260,000.00  $

225,803.13  $
225,803.13  $

709,953.13
-

11/01/24
05/01/25

$
$

11,895,000.00	$
11,895,000.00	$

-	$
270,000.00  $

222,390.63  $
222,390.63  $

708,193.76
-

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	$
11/01/40	$
05/01/41	$
11/01/41	$
05/01/42	$
11/01/42	$
05/01/43	$
11/01/43	$
05/01/44	$
11/01/44	$
05/01/45	$
11/01/45	$
05/01/46	$
11/01/46	$
05/01/47	$
11/01/47	$
05/01/48	$
11/01/48	$
05/01/49	$
11/01/49	$
05/01/50	$
11/01/50	$
05/01/51	$

11,625,000.00	$
11,625,000.00	$
11,350,000.00	$
11,350,000.00	$
11,065,000.00	$
11,065,000.00	$
10,770,000.00	$
10,770,000.00	$
10,465,000.00	$
10,465,000.00	$
10,150,000.00	$
10,150,000.00	$
9,825,000.00	$
9,825,000.00	$
9,490,000.00	$
9,490,000.00	$
9,140,000.00	$
9,140,000.00	$
8,780,000.00	$
8,780,000.00	$
8,405,000.00	$
8,405,000.00	$
8,015,000.00	$
8,015,000.00	$
7,610,000.00	$
7,610,000.00	$
7,195,000.00	$
7,195,000.00	$
6,760,000.00	$
6,760,000.00	$
6,310,000.00	$
6,310,000.00	$
5,845,000.00	$
5,845,000.00	$
5,360,000.00	$
5,360,000.00	$
4,855,000.00	$
4,855,000.00	$
4,330,000.00	$
4,330,000.00	$
3,785,000.00	$
3,785,000.00	$
3,215,000.00	$
3,215,000.00	$
2,620,000.00	$
2,620,000.00	$
2,005,000.00	$
2,005,000.00	$
1,365,000.00	$
1,365,000.00	$
695,000.00	$
695,000.00	$

$
275,000.00  $
$
285,000.00  $
$
295,000.00  $
$
305,000.00  $
$
315,000.00  $
$
325,000.00  $
$
335,000.00  $
$
350,000.00  $
$
360,000.00  $
$
375,000.00  $
$
390,000.00  $
$
405,000.00  $
$
415,000.00  $
$
435,000.00  $
$
450,000.00  $
$
465,000.00  $
$
485,000.00  $
$
505,000.00  $
$
525,000.00	$
$
545,000.00	$
$
570,000.00	$
$
595,000.00	$
$
615,000.00	$
$
640,000.00	$
$
670,000.00	$
$
695,000.00	$

218,846.88  $
218,846.88  $
214,550.00  $
214,550.00  $
210,096.88  $
210,096.88  $
205,487.50  $
205,487.50  $
200,721.88  $
200,721.88  $
195,800.00  $
195,800.00  $
189,909.38  $
189,909.38  $
183,837.50  $
183,837.50  $
177,493.75  $
177,493.75  $
170,968.75  $
170,968.75  $
164,171.88  $
164,171.88  $
157,103.13  $
157,103.13  $
149,762.50  $
149,762.50  $
142,240.63  $
142,240.63  $
134,356.25  $
134,356.25  $
126,200.00  $
126,200.00  $
116,900.00  $
116,900.00  $
107,200.00  $
107,200.00  $
97,100.00  $
97,100.00  $
86,600.00  $
86,600.00  $
75,700.00  $
75,700.00  $
64,300.00  $
64,300.00  $
52,400.00  $
52,400.00  $
40,100.00  $
40,100.00  $
27,300.00  $
27,300.00  $
13,900.00  $
13,900.00  $

711,237.51
- 708,396.88
- 709,646.88
- 710,584.38
- 711,209.38
- 711,521.88
- 710,709.38
- 708,746.88
- 711,331.25
- 708,462.50
- 710,140.63
- 711,275.01
- 711,865.63
- 707,003.13
- 711,596.88
- 710,556.25
- 708,100.00
- 709,100.00
- 709,300.00
- 708,700.00
- 707,300.00
- 710,000.00
- 711,700.00
- 707,500.00
- 707,400.00
- 711,200.00
708,900.00

$	12,155,000.00  $	7,942,481.34  $	20,581,631.34

Adopted Budget
Series 2022 Debt Service Fund

Adopted Budget
Description	FY2024	Actuals Thru 6/30/24	Projected Next
3 Months	Total Thru 9/30/24	Adopted Budget FY2025	

Revenues						
Assessments	$	649,797	$	543,979	$	105,817	$	649,797	$	533,100	
Assessments - Prepayments	$	-	$	99,533	$	-	$	99,533	$	-	
Interest	$	-	$	45,287	$	15,096	$	60,383	$	30,000	
Carry Forward Surplus	$	281,620	$  1,916,717	$	-	$  1,916,717	$	426,912	
Total Revenues	$	931,416	$ 2,605,517	$	120,913	$ 2,726,430	$	990,012	

Expenditures						
Interest Expense - 11/1	$	256,966	$	256,966	$	-	$	256,966	$	206,778	
Special Call - 11/1	$	-	$  1,605,000	$	-	$  1,605,000	$	-	
Principal Expense - 5/1	$	135,000	$	115,000	$	-	$	115,000	$	115,000	
Interest Expense - 5/1	$	256,966	$	212,553	$	-	$	212,553	$	206,778	
Special Call - 08/1	$	-	$	-	$	110,000	$	110,000	$	-	
Total Expenditures	$	648,931	$ 2,189,519	$	110,000	$ 2,299,519	$	528,556	
						
Net Change in Fund Balance	$	282,485	$	415,999	$	10,913	$	426,912	$	461,455	

Interest Expense - 11/1	 $	204,047 
Total	$	204,047

Maximum Annual	Net Assessment Per	Gross Assessment
Product	Assessable Units	Debt Service	Unit	Per Unit	
Townhomes - Phase 3	284	$	241,400.40	$	850.00	$913.98	
Townhomes - Phase 3	16	$	13,600.02	$	850.00	$913.98	
Single Family - Phase 3	8	$	10,799.98	$	1,350.00	$1,451.61	
Single Family - Phase 4	162	$	267,299.47	$	1,650.00	$1,774.19	
	470	$	533,100			

Date	Balance	Principal	Interest	Total

11/01/24	$	7,460,000.00	$	-	$	206,778.13	$	206,778.13	
05/01/25	$	7,460,000.00	$	115,000.00	$	206,778.13	$	-	
11/01/25	$	7,345,000.00	$	-	$	204,046.88	$	525,825.00	
05/01/26	$	7,345,000.00	$	125,000.00	$	204,046.88		
11/01/26	$	7,220,000.00	$	-	$	201,078.13	$	530,125.00	
05/01/27	$	7,220,000.00	$	130,000.00	$	201,078.13		
11/01/27	$	7,090,000.00	$	-	$	197,990.63	$	529,068.75	
05/01/28	$	7,090,000.00	$	135,000.00	$	197,990.63		
11/01/28	$	6,955,000.00	$	-	$	194,446.88	$	527,437.51	
05/01/29	$	6,955,000.00	$	145,000.00	$	194,446.88		
11/01/29	$	6,810,000.00	$	-	$	190,640.63	$	530,087.50	
05/01/30	$	6,810,000.00	$	150,000.00	$	190,640.63		
11/01/30	$	6,660,000.00	$	-	$	186,703.13	$	527,343.75	
05/01/31	$	6,660,000.00	$	160,000.00	$	186,703.13		
11/01/31	$	6,500,000.00	$	-	$	182,503.13	$	529,206.25	
05/01/32	$	6,500,000.00	$	165,000.00	$	182,503.13		
11/01/32	$	6,335,000.00	$	-	$	178,171.88	$	525,675.00	
05/01/33	$	6,335,000.00	$	175,000.00	$	178,171.88		
11/01/33	$	6,160,000.00	$	-	$	173,250.00	$	526,421.88	
05/01/34	$	6,160,000.00	$	185,000.00	$	173,250.00		
11/01/34	$	5,975,000.00	$	-	$	168,046.88	$	526,296.88	
05/01/35	$	5,975,000.00	$	200,000.00	$	168,046.88		
11/01/35	$	5,775,000.00	$	-	$	162,421.88	$	530,468.75	
05/01/36	$	5,775,000.00	$	210,000.00	$	162,421.88		
11/01/36	$	5,565,000.00	$	-	$	156,515.63	$	528,937.50	
05/01/37	$	5,565,000.00	$	220,000.00	$	156,515.63		
11/01/37	$	5,345,000.00	$	-	$	150,328.13	$	526,843.75	
05/01/38	$	5,345,000.00	$	235,000.00	$	150,328.13		

Date		Balance		Principal	Interest	Total	
11/01/38	$	5,110,000.00	$	-	$	143,718.75	$	529,046.88	
05/01/39	$	5,110,000.00	$	245,000.00	$	143,718.75		
11/01/39	$	4,865,000.00	$	-	$	136,828.13	$	525,546.88	
05/01/40	$	4,865,000.00	$	260,000.00	$	136,828.13		
11/01/40	$	4,605,000.00	$	-	$	129,515.63	$	526,343.75	
05/01/41	$	4,605,000.00	$	275,000.00	$	129,515.63		
11/01/41	$	4,330,000.00	$	-	$	121,781.25	$	526,296.88	
05/01/42	$	4,330,000.00	$	295,000.00	$	121,781.25		
11/01/42	$	4,035,000.00	$	-	$	113,484.38	$	530,265.63	
05/01/43	$	4,035,000.00	$	310,000.00	$	113,484.38		
11/01/43	$	3,725,000.00	$	-	$	104,765.63	$	528,250.00	
05/01/44	$	3,725,000.00	$	325,000.00	$	104,765.63		
11/01/44	$	3,400,000.00	$	-	$	95,625.00	$	525,390.63	
05/01/45	$	3,400,000.00	$	345,000.00	$	95,625.00		
11/01/45	$	3,055,000.00	$	-	$	85,921.88	$	526,546.88	
05/01/46	$	3,055,000.00	$	365,000.00	$	85,921.88		
11/01/46	$	2,690,000.00	$	-	$	75,656.25	$	526,578.13	
05/01/47	$	2,690,000.00	$	385,000.00	$	75,656.25		
11/01/47	$	2,305,000.00	$	-	$	64,828.13	$	525,484.38	
05/01/48	$	2,305,000.00	$	410,000.00	$	64,828.13		
11/01/48	$	1,895,000.00	$	-	$	53,296.88	$	528,125.00	
05/01/49	$	1,895,000.00	$	435,000.00	$	53,296.88		
11/01/49	$	1,460,000.00	$	-	$	41,062.50	$	529,359.38	
05/01/50	$	1,460,000.00	$	460,000.00	$	41,062.50		
11/01/50	$	1,000,000.00	$	-	$	28,125.00	$	529,187.50	
05/01/51	$	1,000,000.00	$	485,000.00	$	28,125.00		
11/01/51	$	515,000.00	$	-	$	14,484.38	$	527,609.38	
05/01/52	$	515,000.00	$	515,000.00	$	14,484.38	$	529,484.38	
			$	7,460,000.00	$	7,524,031.26	$	14,984,031.26