Shingle Creek
Community Development District

Adopted Budget FY2027

Table of Contents

1-2	General Fund	

3-8	

General Fund Narrative	

9	

Capital Reserve Fund	

10	

Debt Service Fund Series 2015	

11	

Amortization Schedule Series 2015	

12	

Debt Service Fund Series 2019	

13	

Amortization Schedule Series 2019	

14	

Debt Service Fund Series 2026	

15	

Amortization Schedule Series 2026	

Shingle Creek
Community Development District Adopted Budget
FY2027
General Fund

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2026	6/30/26	3 Months	9/30/26	FY2027	
Revenues:		
Special Assessments	$	695,074	$	701,234	$	-	$	701,234	$	695,074	
Interest	12,000	12,176	3,000	15,176	6,000	
Carry Forward Surplus	75,713	89,370	*	-	89,370	82,051	
Total Revenues	$	782,787	$	802,780	$	3,000	$	805,780	$	783,125	

Expenditures:						
Administrative:						
Supervisor Fees	$	12,000	$	3,000	$	1,600	$	4,600	$	8,000	
FICA Expense	918	230	122	352	612	
Engineering Fees	15,000	22,553	1,500	24,053	15,000	
Attorney	25,000	12,972	4,500	17,472	25,000	
Arbitrage	1,100	550	550	1,100	1,100	
Dissemination	7,570	5,677	1,262	6,939	4,975	
Annual Audit	5,000	3,600	-	3,600	3,700	
Trustee Fees	7,700	3,500	3,500	7,000	7,000	
Assessment Administration	5,732	5,732	-	5,732	6,019	
Management Fees	46,350	34,763	11,588	46,350	48,668	
Information Technology	1,947	1,460	487	1,947	2,044	
Website Maintenance	1,298	974	325	1,298	1,363	
Telephone	200	-	25	25	200	
Postage	500	268	200	468	500	
Printing & Binding	500	27	38	65	500	
Insurance	13,027	12,554	-	12,554	13,809	
Legal Advertising	2,500	211	1,789	2,000	2,500	
Other Current Charges	600	455	180	635	3,000	
Office Supplies	200	1	24	25	200	
Property Appraiser Fee	1,100	1,819	-	1,819	1,850	
Property Taxes	700	-	-	-	-	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Total Administrative:	$	149,117	$	110,520	$	27,689	$	138,209	$	146,214	
Operations & Maintenance						
Field Services	$	18,056	$	13,542	$	4,514	$	18,056	$	18,959	
Property Insurance	20,396	14,445	-	14,445	14,500	
Electric	10,080	6,041	2,100	8,141	10,080	
Streetlights	107,100	76,462	26,650	103,112	107,100	
Water & Sewer	35,000	34,940	12,750	47,690	45,000	
Landscape Maintenance	297,779	223,334	74,445	297,779	322,078	
Landscape Contingency	15,000	6,923	3,077	10,000	15,000	
London Creek Ranch Maintenance	42,900	24,400	7,700	32,100	42,900	
Lake Maintenance	16,380	12,085	3,975	16,060	16,872	
Lake Contingency	1,250	-	313	313	1,250	
Drainage R&M	2,500	974	276	1,250	2,500	
Irrigation Repairs	25,000	6,845	5,655	12,500	18,867	
Lighting Maintenance	2,500	-	625	625	2,500	
Repairs & Maintenance	10,000	344	1,500	1,844	10,000	
Pressure Washing	5,000	-	2,500	2,500	4,000	
Contingency	7,500	-	1,875	1,875	5,306	
Total Operations & Maintenance:	$	616,441	$	420,336	$	147,954	$	568,290	$	636,912	
Reserves						
Capital Reserve Transfer	$	17,230	$	17,230	$	-	$	17,230	$	-	
Total Reserves	$	17,230	$	17,230	$	-	$	17,230	$	-	
						
Total Expenditures	$	782,788	$	548,086	$	175,643	$	723,729	$	783,126	
						
Excess Revenues (Expenditures)	$	(0)	$	254,694	$	(172,643)	$	82,051	$	(0)	

*Less first quarter operating funds.	Net Assessment	$695,074	
	Collection Cost (6%)	$44,366	
	Gross Assessment	$739,441	

Shingle Creek
Community Development District

Gross Per Unit Assessment Comparison Chart

	FY2027		
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	
	
FY2026			
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	FY2026	FY2027	Increase/(Decrease)	
Single Family	$454	$454	$0	
Townhome	$284	$284	$0	
Condo/MF	$241	$241	$0	
Unplatted	N/A	N/A	$0	

Shingle Creek
Community Development District
GENERAL FUND BUDGET

REVENUES:

Assessments – Tax Collector

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

Interest

The District will invest surplus funds with Seacoast Bank

EXPENDITURES:

Administrative:

Supervisors Fees

Chapter 190 of the Florida Statutes allows for each member of the Board of Supervisors to be compensated $200 per meeting, not to exceed $4,800 per year to each Supervisor for the time devoted to District business and meetings. The amount is based on 5 supervisors attending 8 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 Fees

The District's engineer, Dewberry Engineers, will be providing general engineering services to the District, e.g. attendance and preparation for board meetings, review of invoices, 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, Luna, Eden & Beaudine, LLP, will be providing general legal services to the District, e.g. attendance and preparation for board 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.

Bond Series	Annual	
2015 Special Assessment	$550
2019 Special Assessment	$550	
Total	$1,100	

Shingle Creek
Community Development District
GENERAL FUND BUDGET

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. The District has contracted with Governmental Management Services-Central Florida, LLC for this service on the Series the Series 2019 Special Assessment Bonds.

Bond Series	Annual	
Dissemination Fees	$3,975
DTS - Continuing Disclosure Services	$1,000	
Total	$4,975	

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-Central Florida, 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

The District has contracted with Governmental Management Services-Central Florida, LLC for costs related to District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance

The District has contracted with Governmental Management Services-Central Florida, LLC for 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.

Shingle Creek
Community Development District
GENERAL FUND BUDGET

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 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 Fee

Represents an annual 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 Commerce for $175. This is the only expense under this category for the District.

Operations & Maintenance:

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.

Shingle Creek
Community Development District
GENERAL FUND BUDGET

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.

Electric

Represents cost of electric services for areas within the District. Areas include monument lighting, fountains, etc. The District currently has one account with Kissimmee Utility Authority.

Account #	Description	Monthly	Annual	
002242407-	3100 Storey Lake Blvd. Blk Even			
001300390	Monu/Fntn	$800	$9,600	
	Contingency		$480	
Total			$10,080	

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	$8,500	$102,000	
	22 Lights - Ritual Rd & Storytelling			
	40 Lights - Storeytelling & Bronsons			
	Contingency		$5,100	
Total			$107,100	

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	$3,500	$42,000	
	Contingency		$3,000	
Total			$45,000	

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	
Landscape Maintenance	$26,840	$322,078	
Total		$322,078	

Shingle Creek
Community Development District
GENERAL FUND BUDGET

Landscape Contingency

Represents estimated costs for any additional landscape expenses such as installation of annual plant replacement, mulch, tree replacement and any other landscape expenses not covered under the monthly landscape contract.

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 Ecological Consultants for this service.

Description	Per Visit	Annual	
Vegetation Maintenance - 3 x per year	$9,700	$29,100	
Site Inspections & Maintenance ($2,500 per event)	As Needed	$7,500	
Maintenance of Trail Signs & Obstructing Vegetation		$3,500	
Agency Coordination		$2,800	
Total		$42,900	

Lake Maintenance

Represents cost for maintenance to 11 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	$1,406	$16,872	
Total		$16,872	

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 supplies and repairs to the irrigation system maintained by the District.

Lighting Maintenance

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

Shingle Creek
Community Development District
GENERAL FUND BUDGET

Repairs & Maintenance

Represents estimated costs for any repairs and maintenance to common areas maintained by the District.

Pressure Washing

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

Contingency

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

Shingle Creek
Community Development District Adopted Budget
FY2027
Capital Reserve Fund

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2026	6/30/26	3 Months	9/30/26	FY2027	

Revenues:		
Transfer In	$	17,230	$	17,230	$	-	$	17,230	$	-	
Interest	24,000	22,363	7,500	29,863	12,000	
Total Revenues	$	41,230	$	39,593	$	7,500	$	47,093	$	12,000	

Expenditures:						
Contingency	$	600	$	369	$	135	$	504	$	600	
Capital Outlay	-	-	-	-	32,628	
Total Expenditures	$	600	$	369	$	135	$	504	$	33,228	
						
Excess Revenues (Expenditures)	$	40,630	$	39,224	$	7,365	$	46,589	$	(21,228)	
						
Fund Balance - Beginning	$	875,351	$	876,092	$	-	$	876,092	$	922,681	
						
Fund Balance - Ending	$	915,981	$	915,316	$	7,365	$	922,681	$	901,453	

FY2027 Adopted Expenses	
Description	Amount	
Down to Earth, Inc.
Replacement Enhancements Additional Enhancements	
$	12,000
20,628	
Total	$	32,628	

Shingle Creek
Community Development District Adopted Budget
FY2027
Debt Service Fund Series 2015

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2026	6/30/26	3 Months	9/30/26	FY2027	

Revenues:		
Special Assessments	$	1,434,037	$	1,446,754	$	-	$	1,446,754	$	-		
Interest	60,000	61,308	-	61,308			-	
Carry Forward Surplus	1,488,190	2,217,255	-	2,217,255			-	
Total Revenues	$	2,982,227	$	3,725,317	$	-	$	3,725,317	$		-	

Expenditures:								
Series 2015
Interest - 11/01	

$	469,355	

$	469,355	

$	-	

$	469,355	

$		

-	
Principal - 11/01	490,000	490,000	-	490,000			-	
Interest - 05/01	458,300	458,330	-	458,330			-	
Redemption Call - 06/03	-	17,350,000		17,350,000			-	
Interest - 06/03		84,027		84,027				
Total Expenditures	$	1,417,655	$	18,851,712	$	-	$	18,851,712	$		-	

Other Sources/(Uses)								
Transfer In/(Out)	$	-	$	15,161,427	$	(35,032)	$	15,126,396	$		-	
Total Other Financing Sources (Uses)	$	-	$	15,161,427	$	(35,032)	$	15,126,396	$		-	
								
Excess Revenues (Expenditures)	$	1,564,572	$	35,032	$	(35,032)	$	(0)	$		-	

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

Amortization Schedule

Date	Balance	Principal	Interest	Annual	

5/1/26	
$ 17,350,000	
$ 17,350,000	
$	84,027	
$	-	
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	$	-	$	-	$	-	$	-	
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	$	-	$	-	$	-	$	-	
Totals		$ 17,350,000	$	84,027	$ 17,434,027	

Shingle Creek
Community Development District Adopted Budget
FY2027
Debt Service Fund Series 2019

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2026	6/30/26	3 Months	9/30/26	FY2027	

Revenues:		
Special Assessments	$	1,133,601	$	1,143,653	$	-	$	1,143,653	$	1,133,601	
Interest	48,000	41,563	10,500	52,063	48,000	
Carry Forward Surplus*	679,178	691,409	-	691,409	749,288	
Total Revenues	$	1,860,778	$	1,876,626	$	10,500	$	1,887,126	$	1,930,889	

Expenditures:						
Series 2019
Interest - 11/01	

$	383,919	

$	383,919	

$	-	

$	383,919	

$	376,519	
Principal - 05/01	370,000	370,000	-	370,000	385,000	
Interest - 05/01	383,919	383,919	-	383,919	376,519	
Total Expenditures	$	1,137,838	$	1,137,838	$	-	$	1,137,838	$	1,138,038	
						
Excess Revenues (Expenditures)	$	722,941	$	738,788	$	10,500	$	749,288	$	792,851	

*Less Reserve amount.				

Interest - 11/1/2027	

$368,819	
				Total	$368,819	
				
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	

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

Amortization Schedule

Date		Balance	Principal	Interest	Annual	
						
11/1/26	$	15,575,000	$	-	$	376,519	$	376,519	
5/1/27	$	15,575,000	$	385,000	$	376,519	$	-	
11/1/27	$	15,190,000	$	-	$	368,819	$  1,130,338	
5/1/28	$	15,190,000	$	400,000	$	368,819	$	-	
11/1/28	$	14,790,000	$	-	$	360,819	$  1,129,638	
5/1/29	$	14,790,000	$	420,000	$	360,819	$	-	
11/1/29	$	14,370,000	$	-	$	352,419	$  1,133,238	
5/1/30	$	14,370,000	$	435,000	$	352,419	$	-	
11/1/30	$	13,935,000	$	-	$	342,088	$  1,129,506	
5/1/31	$	13,935,000	$	460,000	$	342,088	$	-	
11/1/31	$	13,475,000	$	-	$	331,163	$  1,133,250	
5/1/32	$	13,475,000	$	480,000	$	331,163	$	-	
11/1/32	$	12,995,000	$	-	$	319,763	$  1,130,925	
5/1/33	$	12,995,000	$	505,000	$	319,763	$	-	
11/1/33	$	12,490,000	$	-	$	307,769	$  1,132,531	
5/1/34	$	12,490,000	$	530,000	$	307,769	$	-	
11/1/34	$	11,960,000	$	-	$	295,181	$  1,132,950	
5/1/35	$	11,960,000	$	555,000	$	295,181	$	-	
11/1/35	$	11,405,000	$	-	$	282,000	$  1,132,181	
5/1/36	$	11,405,000	$	580,000	$	282,000	$	-	
11/1/36	$	10,825,000	$	-	$	268,225	$  1,130,225	
5/1/37	$	10,825,000	$	610,000	$	268,225	$	-	
11/1/37	$	10,215,000	$	-	$	253,738	$  1,131,963	
5/1/38	$	10,215,000	$	640,000	$	253,738	$	-	
11/1/38	$	9,575,000	$	-	$	238,538	$  1,132,275	
5/1/39	$	9,575,000	$	670,000	$	238,538	$	-	
11/1/39	$	8,905,000	$	-	$	222,625	$  1,131,163	
5/1/40	$	8,905,000	$	705,000	$	222,625	$	-	
11/1/40	$	8,200,000	$	-	$	205,000	$  1,132,625	
5/1/41	$	8,200,000	$	740,000	$	205,000	$	-	
11/1/41	$	7,460,000	$	-	$	186,500	$  1,131,500	
5/1/42	$	7,460,000	$	775,000	$	186,500	$	-	
11/1/42	$	6,685,000	$	-	$	167,125	$  1,128,625	
5/1/43	$	6,685,000	$	815,000	$	167,125	$	-	
11/1/43	$	5,870,000	$	-	$	146,750	$  1,128,875	
5/1/44	$	5,870,000	$	860,000	$	146,750	$	-	
11/1/44	$	5,010,000	$	-	$	125,250	$  1,132,000	
5/1/45	$	5,010,000	$	905,000	$	125,250	$	-	
11/1/45	$	4,105,000	$	-	$	102,625	$  1,132,875	
5/1/46	$	4,105,000	$	950,000	$	102,625	$	-	
11/1/46	$	3,155,000	$	-	$	78,875	$  1,131,500	
5/1/47	$	3,155,000	$  1,000,000	$	78,875	$	-	
11/1/47	$	2,155,000	$	-	$	53,875	$  1,132,750	
5/1/48	$	2,155,000	$  1,050,000	$	53,875	$	-	
11/1/48	$	1,105,000	$	-	$	27,625	$  1,131,500	
5/1/49	$	1,105,000	$  1,105,000	$	27,625	$  1,132,625	
Totals			$ 15,575,000	$ 10,826,575	$ 26,401,575	

Shingle Creek
Community Development District Adopted Budget
FY2027
Debt Service Fund Series 2026

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
FY2026	6/30/26	3 Months	9/30/26	FY2027	

Revenues:		
Bond Proceeds	$	15,960,000	$	15,960,000	$	-	$	15,960,000	$	-	
Special Assessments	-	-	-	-		1,225,922	
Special Assessments - Prepayments	-	17,661	-	17,661		-	
Carry Forward Surplus	-	-	-	-		388,715	
Total Revenues	$	15,960,000	$	15,977,661	$	-	$	15,977,661	$	1,614,637	

Expenditures:							
Series 2026
Interest - 11/01	

$	-	

$	-	

$	-	

$	-	

$	

278,857	
Principal - 05/01	-	-	-	-		555,000	
Interest - 05/01	-	-	-	-		339,150	
Other Debt Service Costs	462,550	454,250	8,300	462,550		-	
Total Expenditures	$	462,550	$	454,250	$	8,300	$	462,550	$	1,173,007	

Other Sources/(Uses)							
Transfer In/(Out)	$	(15,126,396)	$	(15,161,427)	$	35,032	$	(15,126,396)	$	-	
Total Other Financing Sources (Uses)	$	(15,126,396)	$	(15,161,427)	$	35,032	$	(15,126,396)	$	-	
							
Excess Revenues (Expenditures)	$	371,054	$	361,984	$	26,732	$	388,715	$	441,631	

Interest - 11/1/2027		

$327,356	
				Total		$327,356	
				
Net Assessment		
$1,225,922	
				Collection Cost (6%)		$78,250	
				Gross Assessment		$1,304,172	
							
		Property Type	Units	Gross Per Unit	Gr	oss Total	
		Single Family	469	$1,445		$677,595	
		Townhome	648	$903		$585,130	
		Condo	54	$768		$41,447	
		Total	1171			$1,304,172	

Shingle Creek Community Development District Series 2026, Special Assessment Refunding Bonds (Term Bonds Due 5/1/2045)

Amortization Schedule

Date		Balance	Coupon	Principal	Interest	Annual	

11/1/26	
$	
15,960,000	
4.250%	
$	-	
$	278,857	
$	278,857	
5/1/27	$	15,960,000	4.250%	$	555,000	$	339,150	$	-	
11/1/27	$	15,405,000	4.250%	$	-	$	327,356	$  1,221,506	
5/1/28	$	15,405,000	4.250%	$	585,000	$	327,356	$	-	
11/1/28	$	14,820,000	4.250%	$	-	$	314,925	$  1,227,281	
5/1/29	$	14,820,000	4.250%	$	610,000	$	314,925	$	-	
11/1/29	$	14,210,000	4.250%	$	-	$	301,963	$  1,226,888	
5/1/30	$	14,210,000	4.250%	$	635,000	$	301,963	$	-	
11/1/30	$	13,575,000	4.250%	$	-	$	288,469	$  1,225,431	
5/1/31	$	13,575,000	4.250%	$	660,000	$	288,469	$	-	
11/1/31	$	12,915,000	4.250%	$	-	$	274,444	$  1,222,913	
5/1/32	$	12,915,000	4.250%	$	690,000	$	274,444	$	-	
11/1/32	$	12,225,000	4.250%	$	-	$	259,781	$  1,224,225	
5/1/33	$	12,225,000	4.250%	$	720,000	$	259,781	$	-	
11/1/33	$	11,505,000	4.250%	$	-	$	244,481	$  1,224,263	
5/1/34	$	11,505,000	4.250%	$	750,000	$	244,481	$	-	
11/1/34	$	10,755,000	4.250%	$	-	$	228,544	$  1,223,025	
5/1/35	$	10,755,000	4.250%	$	785,000	$	228,544	$	-	
11/1/35	$	9,970,000	4.250%	$	-	$	211,863	$  1,225,406	
5/1/36	$	9,970,000	4.250%	$	820,000	$	211,863	$	-	
11/1/36	$	9,150,000	4.250%	$	-	$	194,438	$  1,226,300	
5/1/37	$	9,150,000	4.250%	$	850,000	$	194,438	$	-	
11/1/37	$	8,300,000	4.250%	$	-	$	176,375	$  1,220,813	
5/1/38	$	8,300,000	4.250%	$	890,000	$	176,375	$	-	
11/1/38	$	7,410,000	4.250%	$	-	$	157,463	$  1,223,838	
5/1/39	$	7,410,000	4.250%	$	930,000	$	157,463	$	-	
11/1/39	$	6,480,000	4.250%	$	-	$	137,700	$  1,225,163	
5/1/40	$	6,480,000	4.250%	$	970,000	$	137,700	$	-	
11/1/40	$	5,510,000	4.250%	$	-	$	117,088	$  1,224,788	
5/1/41	$	5,510,000	4.250%	$  1,010,000	$	117,088	$	-	
11/1/41	$	4,500,000	4.250%	$	-	$	95,625	$  1,222,713	
5/1/42	$	4,500,000	4.250%	$  1,055,000	$	95,625	$	-	
11/1/42	$	3,445,000	4.250%	$	-	$	73,206	$  1,223,831	
5/1/43	$	3,445,000	4.250%	$  1,100,000	$	73,206	$	-	
11/1/43	$	2,345,000	4.250%	$	-	$	49,831	$  1,223,038	
5/1/44	$	2,345,000	4.250%	$  1,150,000	$	49,831	$	-	
11/1/44	$	1,195,000	4.250%	$	-	$	25,394	$  1,225,225	
5/1/45	$	1,195,000	4.250%	$  1,195,000	$	25,394	$	-	
11/1/45	$	-	4.250%	$	-	$	-	$  1,220,394	
Totals				$ 15,960,000	$  7,575,894	$ 23,535,894