Shingle Creek Community Development District

Adopted Budget
FY 2022

Table of Contents

1-2	 	General Fund	

3-9	
 	General Fund Narrative	

10	
 	Capital Reserve Fund	

11	
 	Debt Service Fund Series 2015	

12	
 	Amortization Schedule Series 2015	

13	
 	Debt Service Fund Series 2019	

14	
 	Amortization Schedule Series 2019	

Shingle Creek
Community Development District

		Fiscal Year 2022 General Fund		
	Adopted	Actual	Projected	Total	Adopted	
	Budget	Thru	Next 3	Thru	Budget	
	FY2021	6/30/21	Months	9/30/21	FY2022	

Revenues						
Special Assessments - Tax Roll	$695,075	$701,341	$0	$701,341	$674,659	
Special Assessments - Direct Billed	$0	$0	$0	$0	$20,416	
Carry Forward Surplus	$0	$480,190	$0	$480,190	$481,218	
Total Revenues	$695,075	$1,181,531	$0	$1,181,531	$1,176,293	

Expenditures						
Administrative						
Supervisors Fees	$12,000	$800	$1,200	$2,000	$12,000	
FICA Expense	$918	$61	$92	$153	$918	
Engineering	$15,000	$1,892	$608	$2,500	$15,000	
Attorney	$25,000	$4,691	$4,309	$9,000	$25,000	
Arbitrage	$1,100	$1,650	$0	$1,650	$1,100	
Dissemination	$7,000	$5,250	$1,750	$7,000	$7,000	
Annual Audit	$4,600	$4,600	$0	$4,600	$4,600	
Trustee Fees	$7,000	$10,500	$0	$10,500	$7,000	
Assessment Administration	$5,000	$5,000	$0	$5,000	$5,000	
Management Fees	$35,000	$26,123	$8,750	$34,873	$35,000	
Information Technology	$1,200	$900	$300	$1,200	$1,050	
Website Maintenance	$0	$0	$0	$0	$600	
Telephone	$200	$0	$50	$50	$200	
Postage	$500	$234	$66	$300	$500	
Printing & Binding	$500	$116	$59	$175	$500	
Insurance	$10,100	$9,611	$0	$9,611	$10,575	
Legal Advertising	$2,500	$800	$1,700	$2,500	$2,500	
Other Current Charges	$300	$8	$24	$32	$300	
Office Supplies	$200	$2	$8	$10	$200	
Property Appraiser	$550	$511	$0	$511	$550	
Property Taxes	$700	$662	$0	$662	$700	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Administrative Expenses	$129,543	$73,587	$18,916	$92,502	$130,468	

Operation & Maintenance						
Field Services	$15,000	$10,625	$3,750	$14,375	$15,000	
Electric	$10,000	$5,664	$2,025	$7,689	$10,000	
Streetlights	$92,500	$54,282	$22,500	$76,782	$92,500	
Water & Sewer	$34,500	$9,659	$5,000	$14,659	$34,500	
Landscape Maintenance	$292,892	$169,170	$56,390	$225,560	$290,000	
Landscape Contingency	$15,000	$0	$3,750	$3,750	$15,000	
Property Insurance	$8,500	$10,609	$0	$10,609	$11,675	
London Creek Ranch Maintenance	$30,600	$12,000	$18,000	$30,000	$30,600	
Lake Maintenance	$16,480	$11,715	$3,975	$15,690	$17,000	
Lake Contingency	$1,250	$4,625	$0	$4,625	$1,250	
Drainage R&M	$2,500	$0	$625	$625	$2,500	
Irrigation Repairs	$12,000	$8,467	$3,533	$12,000	$15,000	
Lighting Maintenance	$1,810	$1,782	$0	$1,782	$1,810	
Repairs & Maintenance	$12,500	$197	$2,928	$3,125	$12,500	
Pressure Washing	$10,000	$0	$10,000	$10,000	$10,000	
Contingency	$10,000	$309	$2,191	$2,500	$10,000	
Transfer Out - Capital Reserve	$0	$0	$0	$0	$476,490	
Operation & Maintenance Expenses	$565,532	$299,105	$134,667	$433,772	$1,045,825	
						
Total Expenditures	$695,075	$372,692	$153,583	$526,275	$1,176,293	
						
Excess Revenues/(Expenditures)	$0	$808,839	($153,583)	$655,256	$0	

Net Assessment	

$674,659	
				Collection Cost (6%)	 	$43,063 	
				Gross Assessment	 	$717,723 	

Shingle Creek
Community Development District

Gross Per Unit Assessment Comparion Chart

	FY2022		
Property Type	Platted Units		Gross Per Unit	Gross Total	
Single Family	857		$454	$389,292	
Townhome	861		$284	$244,447	
Condo/MF	438		$241	$105,702	
Unplatted	N/A		N/A	$0	
Total	2156			$717,723	
		
FY2021			
Property Type	Platted Units		Gross Per Unit	Gross Total	
Single Family	857		$454	$389,292	
Townhome	861		$284	$244,447	
Condo/MF	438		$241	$105,702	
Unplatted	N/A		N/A	$0	
Total	2156			$739,441	

Property Type	FY2021	FY2022	Increase/(Decrease)	
Single Family	$454	$454	$0	
Townhome	$284	$284	$0	
Condo/MF	$241	$241	$0	
Unplatted	N/A	N/A	$0	

REVENUES:

Assessments – Tax Collector

The District will levy a non-ad valorem assessment on all the assessable property within the District to fund all general operating and maintenance expenditures during the fiscal year. These assessments are billed on tax bills.

Assessments – Direct Billed

The District will levy a non-ad valorem assessment on all assessable property within the District to fund all general operating and maintenance expenditures during the fiscal year. These assessments are directly billed to the property owners.

EXPENDITURES:

Administrative:

Supervisors 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. The amount is based on 5 supervisors attending 12 meetings during the fiscal year.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisor checks.

Engineering

The District's engineer, Hamilton Engineering & Surveying, Inc., will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review of invoices and requisitions, preparation and review of contract specifications and bid documents, and various projects assigned as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, Latham, Shuker, Eden & Beaudine, LLP, will be providing general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2015 & Series 2019 Special Assessment Bonds. The District has contracted with LLS Tax Solutions, Inc. for this service.

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.

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 with Grau & Associates for this service.

Trustee Fees

The District will pay annual trustee fees for the Series 2015 & Series 2019 Special Assessment Bonds that are deposited with a Trustee at Regions Bank.

Assessment Administration

The District has contracted with Governmental Management Services-CF, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Management Fees

The District has contracted with Governmental Management Services-Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, budget preparation, all financial reporting, annual audit, etc.

Information Technology

Represents costs related to 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 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.

Telephone

Telephone and fax machine.

Postage

The District incurs charges for mailing of agenda packages, overnight deliveries, checks for vendors and other required correspondence.

Printing & Binding

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

Insurance

The District’s general liability and public officials liability insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

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

Represents any miscellaneous expenses incurred during the fiscal year such as bank fees, deposit slips, stop payments, etc.

Office Supplies

The District incurs charges for office supplies that need to be purchased during the fiscal year.

Property Appraiser

Represents a fee charged by Osceola County Property Appraiser’s office for assessment administration services.

Property Taxes

Represents estimated fees charged by Osceola County Tax Collector’s Office for all assessable property within the District.

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.

Field:

Field Services

Provide onsite field management of contracts for the District such as landscape and lake maintenance. Services to include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Electric

Represents cost of electric services for items such as monument lighting, fountains, etc. District currently has one account with Kissimmee Utility Authority.

Account #	Description	Monthly	Annual	
002242407-	3100 Storey Lake Blvd. Blk Even			
001300390	Monu/Fntn	$650	$7,800	
	Contingency		$2,200	
Total			$10,000	

Streetlights

Represents cost for streetlight services maintained by the District. The District currently has one account with Kissimmee Utility Authority for 105 streetlights with more areas set to come online within the next fiscal year.

Account #	Description	Monthly	Annual	
002242407-				
001300800	4650 W Osceola Parkway Vlights	$5,000	$60,000	
	22 Lights - Ritual Rd & Storytelling	$924	$11,088	
	40 Lights - Storeytelling & Bronsons	$1,680	$20,160	
	Contingency		$1,252	
Total			$92,500	

Water & Sewer

Represents costs for water services for areas within the District. The District currently has one account with Toho Water Authority.

Account #	Description	Monthly	Annual	
002647617-				
033217859	29101 Ritual Road	$2,250	$27,000	
	Contingency		$7,500	
Total			$34,500	

Landscape Maintenance

The District will maintain the landscaping within the common areas of the District after installation of landscape material has been completed. The District has contracted with Down to Earth Lawncare II, Inc. for this service.

Description	Monthly	Annual	
Phase I	$6,116	$73,392	
Phase II - Storey Lake Boulevard	$1,423	$17,076	
Area I - Bahia Mowing	$350	$4,200	
Phase II Part 2 - Additional Bahia	$1,150	$13,800	
Storey Lake Additional Areas	$2,792	$33,508	
Pond P-1	$391	$4,690	
W-1 & W-2 Road Buffer	$201	$2,416	
Tract 3B	$175	$2,102	
Storey Telling Way	$293	$3,520	
Reflections Tract "K" Gate Entrance	$496	$5,954	
Pond P-3	$203	$2,431	
Ritual Road Pond	$1,564	$18,766	
Tract P-4 (Pond B-1)	$1,137	$13,648	
Tract E (Easement)	$2,000	$24,000	
Tract RW3 - Nature's Ridge 2B (L401 & L403)	$2,055	$24,664	
Nature's Ridge 2A	$2,076	$24,911	
Tract A Lift Station	$232	$2,787	
Ritual RD & Nature Ridge Rd Gate Entrance	$502	$6,028	
Hwy 192 & Storey Lake Blvd	$272	$3,258	
Contingency - Future Areas		$8,850	
Total		$290,000	

Landscape Contingency

Represents estimated costs for any additional landscape expenses not covered under the monthly landscape maintenance contract.

Property Insurance

Represents estimated costs for the annual coverage of property insurance. Coverage will be provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

London Creek Ranch Maintenance

The District will schedule maintenance of wetlands located in the London Creek Ranch area of the District. Services will include vegetation maintenance, site inspections, site maintenance, trail maintenance and permit status and compliance. The District has contracted with Austin Environmental Consultants, Inc. for this service.

Description	Per Visit	Annual	
Vegetation Maintenance - 3 x per year	$8,200
Site Inspections & Maintenance	As Needed
Total	$24,600
$6,000	
	$30,600	

Lake Maintenance

Represents cost for maintenance to three ponds located within the District. Services include shoreline grass and brush control, floating and submersed vegetation control, additional treatments as required and a monthly report of all waterways treated. The District has contracted with Aquatic Weed Control, Inc. for these services.

Description	Monthly	Annual	
Lake Maintenance - 3 Original Ponds	$840	$10,080	
Windermere/2 Storey Lake/Natures Ridge Ponds	$210	$2,520	
P1/P3/P4 Ponds	$240	$2,880	
Storeytelling Way	$35	$420	
Contingency		$1,100	
Total		$17,000	

Lake Contingency

Represents estimated costs for any additional lake expenses not covered under the monthly lake maintenance contract.

Drainage R&M

Represents estimate repair and maintenance costs to the drainage structures, outfall structures, storm piping and bank erosions maintained by the District.

Irrigation Repairs

Represents estimated costs for any repairs to the irrigation system.

Lighting Maintenance

Represents estimated repair and maintenance cost to all lighting fixtures maintained by the District.

Repairs & Maintenance

Represents general repairs and maintenance costs that are not budgeted under any other budgeted line item.

Pressure Washing

Represents estimated costs to pressure wash common area sidewalks, curbs and monuments as needed.

Contingency

Represents any additional field expense that may not have been provided for in the budget.

Transfer Out – Capital Reserve

Represents excess funds at fiscal year end transferred to the Capital Reserve fund.

Community Development District

Fiscal Year 2022 Capital Reserve Fund		
Adopted	Actual	Projected	Total	Adopted	
Budget	Thru	Next 3	Thru	Budget	
FY2021	6/30/21	Months	9/30/21	FY2022	

Revenues						
Transfer In	$0	$0	$0	$0	$476,490	
Total Revenues	$0	$0	$0	$0	$476,490	

Expenses						
Capital Outlay	$0	$0	$0	$0	$64,485	
Total Expenditures	$0	$0	$0	$0	$64,485	
						
Excess Revenues/(Expenditures)	$0	$0	$0	$0	$412,005	

FY2022 Adopted Expenses	
Description	Amount	
Down To Earth Landscape & Irrigation		
Screening of Plant Material at Each Entrance Gate to Hedgeline	$	31,045	
Fausnight Stripe & Line, Inc.		
Qty. 2 - Solar Powered Pedestrian Crossing Signs - Storey Lake Blvd.	$	16,720	
Qty. 2 - Solar Powered Pedestrian Crossing Signs - Nature's Ridge	$	16,720	
Total	$	64,485	

Community Development District

	Fiscal Year 2022
Debt Service Fund		
	Series 2015		
	Adopted	Actual	Projected	Total	Adopted	
	Budget	Thru	Next 3	Thru	Budget	
	FY2021	6/30/21	Months	9/30/21	FY2022	

Revenues						
Special Assessments	$1,434,037	$1,447,916	$0	$1,447,916	$1,434,037	
Interest Income	$5,000	$131	$34	$165	$100	
Carry Forward Surplus	$1,020,261	$1,037,471	$0	$1,037,471	$1,061,783	
Transfer In	$0	$1,617	$0	$1,617	$0	
Total Revenues	$2,459,298	$2,487,134	$34	$2,487,168	$2,495,920	

Expenses						
Interest - 11/1	$516,318	$516,318	$0	$516,318	$509,068	
Principal - 11/1	$400,000	$400,000	$0	$400,000	$415,000	
Interest - 5/1	$509,068	$509,068	$0	$509,068	$499,730	
Total Expenditures	$1,425,386	$1,425,385	$0	$1,425,385	$1,423,798	
						
Excess Revenues/(Expenditures)	$1,033,912	$1,061,749	$34	$1,061,783	$1,072,122	
				
Principal - 11/1/2022	
$430,000	
				Interest - 11/1/2022	 	$499,730 	
				Total	 	$929,730 	
				
Net Assessment	
$1,434,037	
				Collection Cost (6%)	$91,534	
				Gross Assessment	$1,525,571	
						
		Property Type	Units	Gross Per Unit	Gross Total	
		Single Family	470	$1,691	$794,794	
		Townhome	648	$1,057	$684,878	
		Condo/MF	54	$850	$45,900	
		Unplatted	0	N/A	$0	
		Total	1172		$1,525,571	

Shinle Creek Community Development District Series 2015, Special Assessment Bonds (Term Bonds Combined)

Amortization Schedule

Date	Balance	Principal	Interest	Annual

11/1/21
5/1/22
11/1/22
5/1/23
11/1/23
5/1/24
11/1/24
5/1/25
11/1/25
5/1/26
11/1/26
5/1/27
11/1/27
5/1/28
11/1/28
5/1/29
11/1/29
5/1/30
11/1/30
5/1/31
11/1/31
5/1/32
11/1/32
5/1/33
11/1/33
5/1/34
11/1/34
5/1/35
11/1/35
5/1/36
11/1/36

$ 19,605,000
$ 19,190,000
$ 19,190,000
$ 18,760,000
$ 18,760,000
$ 18,310,000
$ 18,310,000
$ 17,840,000
$ 17,840,000
$ 17,350,000
$ 17,350,000
$ 16,835,000
$ 16,835,000
$ 16,295,000
$ 16,295,000
$ 15,725,000
$ 15,725,000
$ 15,125,000
$ 15,125,000
$ 14,495,000
$ 14,495,000
$ 13,835,000
$ 13,835,000
$ 13,140,000
$ 13,140,000
$ 12,410,000
$ 12,410,000
$ 11,645,000
$ 11,645,000
$ 10,840,000
$ 10,840,000

$	415,000

$	509,068	$	924,068	
$	499,730	$	-	
$	499,730	$ 1,429,460	
$	490,055	$	-	
$	490,055	$ 1,430,110	
$	479,930	$	-	
$	479,930	$ 1,429,860	
$	469,355	$	-	
$	469,355	$ 1,428,710	
$	458,330	$	-	
$	458,330	$ 1,431,660	
$	445,133	$	-	
$	445,133	$ 1,430,266	
$	431,296	$	-	
$	431,296	$ 1,432,591	
$	416,689	$	-	
$	416,689	$ 1,433,379	
$	401,314	$	-	
$	401,314	$ 1,432,629	
$	385,171	$	-	
$	385,171	$ 1,430,341	
$	368,258	$	-	
$	368,258	$ 1,431,516	
$	350,449	$	-	
$	350,449	$ 1,430,898	
$	331,743	$	-	
$	331,743	$ 1,428,485	
$	312,139	$	-	
$	312,139	$ 1,429,279	
$	291,511	$	-	
$	291,511	$ 1,433,023	
$	269,730	$	-	
$	269,730	$ 1,429,460	
$	245,700	$	-	
$	245,700	$ 1,431,400	
$	220,320	$	-	
$	220,320	$ 1,430,640	
$	193,590	$	-	
$	193,590	$ 1,432,180	
$	165,375	$	-	
$	165,375	$ 1,430,750	
$	135,675	$	-	
$	135,675	$ 1,431,350	
$	104,355	$	-	
$	104,355	$ 1,428,710	
$	71,415	$	-	
$	71,415	$ 1,432,830	
$	36,585	$	-	
$	36,585	$ 1,428,170	

$	-
$	430,000
$	-
$	450,000
$	-
$	470,000
$	-
$	490,000
$	-
$	515,000
$	-
$	540,000
$	-
$	570,000
$	-
$	600,000
$	-
$	630,000
$	-
$	660,000
$	-
$	695,000
$	-
$	730,000
$	-
$	765,000
$	-
$	805,000
$	-
$	850,000

5/1/37
11/1/37
5/1/38
11/1/38
5/1/39
11/1/39
5/1/40
11/1/40
5/1/41
11/1/41
5/1/42
11/1/42
5/1/43
11/1/43
5/1/44
11/1/44
5/1/45
11/1/45

$   9,990,000
$   9,990,000
$   9,100,000
$   9,100,000
$   8,160,000
$   8,160,000
$   7,170,000
$   7,170,000
$   6,125,000
$   6,125,000
$   5,025,000
$   5,025,000
$   3,865,000
$   3,865,000
$   2,645,000
$   2,645,000
$   1,355,000
$   1,355,000

$	-
$	890,000
$	-
$	940,000
$	-
$	990,000
$	-
$ 1,045,000
$	-
$ 1,100,000
$	-
$ 1,160,000
$	-
$ 1,220,000
$	-
$ 1,290,000
$	-
$ 1,355,000

Totals	$ 19,605,000 $ 15,656,764 $ 35,261,764

Shingle Creek
Community Development District

	Fiscal Year 2022
Debt Service Fund		
	Series 2019		
	Adopted Budget
FY2021	Actual Thru
6/30/21	Projected Next 3
Months	Total Thru
9/30/21	Adopted Budget
FY2022	

Revenues						
Special Assessments - Tax Roll	$965,501	$975,158	$0	$975,158	$1,061,691	
Special Assessments - Direct Billed	$167,790	$167,790	$0	$167,790	$71,910	
Interest Income	$2,500	$90	$15	$105	$50	
Carry Forward Surplus	$434,851	$435,567	$0	$435,567	$445,185	
Transfer In	$0	$728	$0	$728	$0	
Total Revenues	$1,570,642	$1,579,333	$15	$1,579,348	$1,578,836	

Expenses						
Interest - 11/1	$414,581	$414,581	$0	$414,581	$409,053	
Principal - 5/1	$305,000	$305,000	$0	$305,000	$320,000	
Interest - 5/1	$414,581	$414,581	$0	$414,581	$409,053	
Total Expenditures	$1,134,162	$1,134,163	$0	$1,134,163	$1,138,106	
						
Excess Revenues/(Expenditures)	$436,480	$445,170	$15	$445,185	$440,730	
				
Interest - 11/1/2022	
 	$403,253 	
				Total	 	$403,253 	
				
Net Assessment	
$1,133,601	
				Collection Cost (6%)	$72,357	
				Gross Assessment	$1,205,958	
						
		Property Type	Units	Gross Per Unit	Gross Total	
		Single Family	387	$1,691	$654,436	
		Townhome	213	$1,057	$225,122	
		Condo	384	$850	$326,400	
		Total	984		$1,205,958	

Shinle Creek Community Development District Series 2019, Special Assessment Bonds (Term Bonds Combined)

Amortization Schedule

Date	Balance	Principal	Interest	Annual

11/1/21
5/1/22
11/1/22
5/1/23
11/1/23
5/1/24
11/1/24
5/1/25
11/1/25
5/1/26
11/1/26
5/1/27
11/1/27
5/1/28
11/1/28
5/1/29
11/1/29
5/1/30
11/1/30
5/1/31
11/1/31
5/1/32
11/1/32
5/1/33
11/1/33
5/1/34
11/1/34
5/1/35
11/1/35
5/1/36
11/1/36
5/1/37
11/1/37
5/1/38

$ 17,295,000
$ 17,295,000
$ 16,975,000
$ 16,975,000
$ 16,645,000
$ 16,645,000
$ 16,300,000
$ 16,300,000
$ 15,945,000
$ 15,945,000
$ 15,575,000
$ 15,575,000
$ 15,190,000
$ 15,190,000
$ 14,790,000
$ 14,790,000
$ 14,370,000
$ 14,370,000
$ 13,935,000
$ 13,935,000
$ 13,475,000
$ 13,475,000
$ 12,995,000
$ 12,995,000
$ 12,490,000
$ 12,490,000
$ 11,960,000
$ 11,960,000
$ 11,405,000
$ 11,405,000
$ 10,825,000
$ 10,825,000
$ 10,215,000
$ 10,215,000

$	-

$	409,053	$	409,053	
$	409,053	$	-	
$	403,253	$ 1,132,306	
$	403,253	$	-	
$	397,272	$ 1,130,525	
$	397,272	$	-	
$	391,019	$ 1,133,291	
$	391,019	$	-	
$	383,919	$ 1,129,938	
$	383,919	$	-	
$	376,519	$ 1,130,438	
$	376,519	$	-	
$	368,819	$ 1,130,338	
$	368,819	$	-	
$	360,819	$ 1,129,638	
$	360,819	$	-	
$	352,419	$ 1,133,238	
$	352,419	$	-	
$	342,088	$ 1,129,506	
$	342,088	$	-	
$	331,163	$ 1,133,250	
$	331,163	$	-	
$	319,763	$ 1,130,925	
$	319,763	$	-	
$	307,769	$ 1,132,531	
$	307,769	$	-	
$	295,181	$ 1,132,950	
$	295,181	$	-	
$	282,000	$ 1,132,181	
$	282,000	$	-	
$	268,225	$ 1,130,225	
$	268,225	$	-	
$	253,738	$ 1,131,963	
$	253,738	$	-	
$	238,538	$ 1,132,275	
$	238,538	$	-	
$	222,625	$ 1,131,163	
$	222,625	$	-	
$	205,000	$ 1,132,625	
$	205,000	$	-	
$	186,500	$ 1,131,500	
$	186,500	$	-	
$	167,125	$ 1,128,625	
$	167,125	$	-	
$	146,750	$ 1,128,875	
$	146,750	$	-	
$	125,250	$ 1,132,000	
$	125,250	$	-	
$	102,625	$ 1,132,875	
$	102,625	$	-	
$	78,875	$ 1,131,500	
$	78,875	$	-	
$	53,875	$ 1,132,750	
$	53,875	$	-	
$	27,625	$ 1,131,500	
$	27,625	$ 1,132,625	

$	320,000
$	-
$	330,000
$	-
$	345,000
$	-
$	355,000
$	-
$	370,000
$	-
$	385,000
$	-
$	400,000
$	-
$	420,000
$	-
$	435,000
$	-
$	460,000
$	-
$	480,000
$	-
$	505,000
$	-
$	530,000
$	-
$	555,000
$	-
$	580,000
$	-
$	610,000
$	-
$	640,000

11/1/38
5/1/39
11/1/39
5/1/40
11/1/40
5/1/41
11/1/41
5/1/42
11/1/42
5/1/43
11/1/43
5/1/44
11/1/44
5/1/45
11/1/45
5/1/46
11/1/46
5/1/47
11/1/47
5/1/48
11/1/48
5/1/49

$   9,575,000
$   9,575,000
$   8,905,000
$   8,905,000
$   8,200,000
$   8,200,000
$   7,460,000
$   7,460,000
$   6,685,000
$   6,685,000
$   5,870,000
$   5,870,000
$   5,010,000
$   5,010,000
$   4,105,000
$   4,105,000
$   3,155,000
$   3,155,000
$   2,155,000
$   2,155,000
$   1,105,000
$   1,105,000

$	-
$	670,000
$	-
$	705,000
$	-
$	740,000
$	-
$	775,000
$	-
$	815,000
$	-
$	860,000
$	-
$	905,000
$	-
$	950,000
$	-
$ 1,000,000
$	-
$ 1,050,000
$	-
$ 1,105,000

Totals	$ 17,295,000 $ 14,795,606 $ 32,090,606