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Storey Park

Community Development District

Adopted Budget

FY 2019

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	Table of Contents	
1-2	General Fund	
3	Assessment  Area  1 & 2 Allocation Chart	
4-8	General Fund Narrative	
9	Debt Service Fund Series 2015	
10-11	Amortization Schedule Series 2015	
12	Debt Service Fund Series 2018	
13-14	Amortization Schedule Series 2018	

Storey Park

Community Development District

Fiscal Year 2019

General Fund

				Adopted	Actual	Projected	Total	Adopted		
				Budget	Thru	Next 2	Thru	Budget		
	Description		FY2018	7/31/18	Months	9/30/18	FY2019		
	Revenues								
	O&M Assessments Assessment Area 1 & 2	$320,544	$325,847	$0	$325,847	$442,740		
	Developer Contribution - Admin. (1)	$0	$0	$0	$0	$42,587		
	Developer Contribution - Deficit	$74,169	$0	$0	$0	$19,669		
	Interest	$0	$44	$6	$50	$0		
	Total Revenues							
		$394,713	$325,891	$6	$325,897	$504,996		

Expenditures

Administrative

Supervisor Fees	$0	$0	$0	$0	$0		
FICA Expense	$0	$0	$0	$0	$0		
Engineering	$12,000	$1,831	$1,169	$3,000	$12,000		
Attorney	$25,000	$6,867	$2,133	$9,000	$25,000		
Arbitrage	$600	$600	$0	$600	$600		
Dissemination Agent	$3,500	$2,917	$583	$3,500	$7,500		
Annual Audit	$3,400	$3,400	$0	$3,400	$4,400		
Trustee Fees	$3,500	$3,500	$0	$3,500	$7,000		
Assessment Administration	$5,000	$5,000	$0	$5,000	$5,000		
Management Fees	$35,000	$29,167	$5,833	$35,000	$35,000		
Information Technology	$1,200	$1,000	$200	$1,200	$1,200		
Telephone	$300	$14	$16	$30	$300		
Postage	$1,000	$91	$109	$200	$1,000		
Insurance	$5,800	$5,398	$0	$5,398	$6,000		
Printing & Binding	$1,000	$442	$108	$550	$1,000		
Legal Advertising	$1,925	$5,911	$250	$6,161	$1,925		
Other Current Charges	$1,000	$0	$0	$0	$1,000		
Property Appraiser	$700	$501	$0	$501	$700		
Property Taxes	$0	$0	$0	$0	$0		
Office Supplies	$625	$12	$13	$25	$625		
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175		
Administrative Expenses							
	$101,725	$66,823	$10,415	$77,238	$110,425		

1

Storey Park

Community Development District

Fiscal Year 2019

General Fund

				Adopted	Actual	Projected	Total	Adopted		
				Budget	Thru	Next 2	Thru	Budget		
	Description		FY2018	7/31/18	Months	9/30/18	FY2019		
	Operation & Maintenance								
	Contract Services							
	Field Management	$15,000	$12,500	$1,250	$13,750	$15,000		
	Landscape Maintenance - Contract	$150,000	$86,600	$17,320	$103,920	$237,283		
	Lake Maintenance	$6,500	$3,015	$570	$3,585	$7,500		
	Mitigation Monitoring & Maintenance	$9,000	$8,275	$0	$8,275	$10,300		
	Repairs & Maintenance							
	Repairs - General	$2,000	$0	$250	$250	$2,000		
	Operating Supplies	$500	$32	$0	$32	$500		
	Landscape Contingency	$2,000	$16,502	$1,498	$18,000	$10,000		
	Irrigation Repairs	$2,000	$3,864	$286	$4,150	$6,000		
	Roadways & Sidewalks	$5,000	$0	$1,000	$1,000	$5,000		
	Trail Maintenance	$1,500	$0	$250	$250	$1,500		
	Signage	$3,500	$0	$500	$500	$3,500		
	Utility							
	Electric	$1,000	$0	$0	$0	$1,000		
	Water & Sewer	$14,000	$3,672	$828	$4,500	$14,000		
	Streetlights	$79,488	$28,263	$5,666	$33,929	$79,488		
	Other							
	Property Insurance	$1,500	$1,311	$98	$1,409	$1,500		
	Operation & Maintenance Expenses							
		$292,988	$164,034	$29,516	$193,550	$394,571		
	Total Expenditures							
		$394,713	$230,858	$39,931	$270,789	$504,996		
	Excess Revenues/(Expenditures)							
								
		$0	$95,033	($39,925)	$55,108	$0		
										
	(1) Assessments are imposed on the platted and unplatted lots in Assessment Area One ("AA1").		Net Assessments	$442,740		
	The assessments on platted lots will be certified for collection on the tax bill and the assessments	Add: Discounts & Collection	$28,260		
	on the unplatted lots will be direct billed. The Developer Contribution consists of a prorated portion		Gross Assessments	$471,000		
	of the administrative costs attributable to areas outside of AA1 but within the CDD boundaries.					

2

STOREY PARK COMMUNITY DEVELOPMENT DISTRICT

PROJECTED ANNUAL DEBT SERVICE AND O&M ASSESSMENTS FOR EACH PRODUCT TYPE

ASSESSMENT AREA 1

				Net Annual	Gross Annual	Net Annual	Gross Annual	
					Debt		Debt		O&M	O&M	
		ERUs per		Assessment	Assessment	Assessment	Assessment	
Product Type	No. of Units	Unit	Total ERUs		Per Unit		Per Unit		Per Unit	Per Unit	
Apartments	30	0.25	8		$0		$0		$148	$158	
Townhome - 20'	100	0.40	40		$476		$506		$237	$252	
Townhome - 25'	90	0.50	45		$595		$633		$296	$315	
Single Family 32'	130	0.64	83		$761		$810		$379	$403	
Single Family 40'	112	0.80	90		$952		$1,013		$474	$504	
Single Family 50'	172	1.00	172		$1,190		$1,266		$592	$630	
Single Family 60'	67	1.20	80		$1,428		$1,519		$711	$756	
	701		518								
Commercial (1,000 Square Feet)	82	0.25	21	$	-	$	-		$148	$158	
											
					% of		O&M		Debt	Per Unit Gross	
Product Type	No. of Units	ERUs per Unit Total ERUs		ERU	Assessments	Assessments	Assessments	
Apartments	30	0.25	7.50		1.00%		$4,727		$0	$157.57	
Townhome - 20'	100	0.40	40.00		5.35%		$25,211		$47,593	$252.11	
Townhome - 25'	90	0.50	45.00		6.02%		$28,362		$53,542	$315.13	
Single Family 32'	130	0.64	83.20		11.13%		$52,438		$98,993	$403.37	
Single Family 40'	112	0.80	89.60		11.99%		$56,472		$106,607	$504.22	
Single Family 50'	172	1.00	172.00		23.02%		$108,406		$204,648	$630.27	
Single Family 60'	67	1.20	80.40		10.76%		$50,674		$95,661	$756.32	
Commercial (1,000 Square Feet)	82.00	0.25	20.50		2.74%		$12,921		$0	$157.57	
											
	783.00		538.20		72%	$	339,211	$	607,044		

STOREY PARK COMMUNITY DEVELOPMENT DISTRICT

PROJECTED ANNUAL DEBT SERVICE AND O&M ASSESSMENTS FOR EACH PRODUCT TYPE

ASSESSMENT AREA 2

				Net Annual	Gross Annual	Net Annual	Gross Annual	
				Debt		Debt		O&M	O&M	
		ERUs per		Assessment	Assessment	Assessment	Assessment	
Product Type	No. of Units	Unit	Total ERUs	Per Unit		Per Unit		Per Unit	Per Unit	
Apartments	0	0	0	$0		$0		$0	$0	
Townhome - 20'	0	0.00	0	$0		$0		$0	$0	
Townhome - 25'	57	0.50	29	$595		$633		$296	$315	
Single Family 32'	60	0.64	38	$762		$810		$379	$403	
Single Family 40'	35	0.80	28	$952		$1,013		$474	$504	
Single Family 50'	95	1.00	95	$1,190		$1,266		$592	$630	
Single Family 60'	16	1.20	19	$1,428		$1,519		$711	$756	
Single Family 70'	0	0.00	0	$0		$0		$0	$0	
	263		209							
Total										
										
				% of		O&M		Debt	Per Unit Gross	
Product Type	No. of Units	ERUs per Unit Total ERUs	ERU	Assessments	Assessments	Assessments	
Apartments	0	0.00	0.00	0.00%		$0		$0	$0.00	
Townhome - 20'	0	0.00	0.00	0.00%		$0		$0	$0.00	
Townhome - 25'	57	0.50	28.50	3.81%		$17,963		$33,911	$315.13	
Single Family 32'	60	0.64	38.40	5.14%		$24,202		$45,691	$403.37	
Single Family 40'	35	0.80	28.00	3.75%		$17,648		$33,316	$504.22	
Single Family 50'	95	1.00	95.00	12.71%		$59,876		$113,037	$630.27	
Single Family 60'	16	1.20	19.20	2.57%		$12,101		$22,845	$756.32	
										
	263.00		209.10	28%	$	131,789	$	248,800		

			747.30	100%	$ 471,000.00				

3

Storey Park

Community Development District

GENERAL FUND BUDGET

REVENUES:

O&M Assessments

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

Developer Contributions

The District will enter into a Funding Agreement with the Developer to fund the General Fund administrative expenditures allocated to Developer for areas outside Assessment Area I and Assessment Area 2 for the Fiscal Year.

EXPENDITURES:

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. The District has not budgeted nor anticipates an amount for this 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, Poulos & Bennet, will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review 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 Attorney, Latham, Shuker, Eden & Beaudine, LLP, will be providing general legal services to the District, e.g. attendance and preparation for monthly Board meetings, preparation and review of agreements and resolutions, and other research 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 Special Assessment Revenue Bonds. The District has contracted with Grau & Associates for this service.

4

Storey Park

Community Development District

GENERAL FUND BUDGET

Dissemination Agent

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. Governmental Management Services-CF, LLC has been retained to serve as the District’s dissemination agent. Amount budgeted is based on two bond series.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records by and Independent Certified Public Accounting Firm. The District’s current auditing firm is Grau & Associates.

Trustee Fees

The District will pay annual trustee fees for the Series 2015 Special Assessment Bonds and the Series 2018 Special Assessment Bonds held at Regions Bank

Assessment Administration

The District has contracted with Governmental Management Services-CF, LLC to administer the collection of a Non-Ad Valorem assessment on all assessable property within the District.

Management Fees

The District has contracted with Governmental Management Services-CF, LLC to provide Management, Accounting and Recording Secretary Services for the District. 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 related to District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Telephone

Telephone and fax machine.

Postage

Mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

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

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, correspondence, stationary, envelopes, photocopies and other printed material.

5

Storey Park

Community Development District

GENERAL FUND BUDGET

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.

Property Appraiser

Represents any fee the District may be charged by Orange County Property Appraiser’s office for assessment administration services.

Office Supplies

Miscellaneous office supplies.

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.

Operation & Maintenance:

Contract Services

Field Management

It is anticipated that the District will contract to provide onsite field management of contracts for the District such as landscape and lake maintenance. Services to include onsite inspections, meetings with contractors and monitoring of utility accounts.

Landscape Maintenance

The District will maintain the landscaping within the common areas of the District after installation of landscape material has been completed. Amount budgeted represents current areas being maintained and a contingency for areas due to come on line during fiscal year. The District has contracted with Down to Earth Inc. for these services.

Description	Monthly		Annual	
Landscape Maintenance	$8,660	$	103,920	
Additional Upcoming Areas	$11,114	$	133,363	
Total		$	237,283	

6

Storey Park

Community Development District

GENERAL FUND BUDGET

Lake Maintenance

Represents cost for maintaining 4 ponds within the District boundaries as well as 4 additional ponds due to come on line during fiscal year. The District has contracted with Applied Aquatic Management Inc. for these services.

Description	Monthly	Annual	
Lake Maintenance (4 Ponds)	$285	$3,420	
Additional 4 Ponds	$285	$3,420	
3% Annual Increase		$205	
Contingency		$455	
Total		$7,500	

Mitigation Monitoring & Maintenance

Represents estimated costs for environmental monitoring, reporting and maintenance of mitigation areas within the District boundaries.

Repairs & Maintenance

Repairs – General

Represents any miscellaneous repairs throughout the fiscal year to the common areas maintained by the District that are not covered under any other expense line item.

Operating Supplies

Represents estimated costs of supplies purchased for operating and maintaining the District.

Landscape Contingency

Represents estimated costs for any additional services not included in the landscape contract.

Irrigation Repairs

Represents estimated costs for repairs to the irrigation system.

Roadways & Sidewalks

Represented estimated costs for any maintenance of roadways and sidewalks.

Trail Maintenance

Represents estimated costs for any maintenance to the trail.

Signage

Represents estimated cost to maintain all signs.

7

Storey Park

Community Development District

GENERAL FUND BUDGET

Utilities

Electric

Represents cost of electric for items such as irrigation controllers, monument lighting, etc. and reclaimed water for irrigation of common areas. District currently has one account with Duke Energy.

Description	Monthly	Annual	
11868 Dowden Road	$50	$600	
Contingency		$400	
Total		$1,000	

Water & Sewer

Represents cost of reclaimed water within the common areas of the District. District currently has one account with Orange County Utilities.

Description	Monthly	Annual	
11002	History Avenue	$125	$1,500	
11354 Dowden Road	$350	$4,200	
11548	Thriller Lane	$25	$300	
11810	Sonnet Avenue	$25	$300	
Contingency		$7,700	
Total			$14,000	

Streetlights

Represents cost of electric for streetlights currently billed to the District as well as those that will be coming on line within the community. District currently has two accounts with Duke Energy.

Description	Monthly	Annual	
000	Dowden Rd. Lite, SL (42)	$1,550	$18,600	
000	Wewahootee Rd. Lite SL (33)	$1,350	$16,200	
Contingency		$44,688	
Total		$79,488	

Other

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.

8

Storey Park

Community Development District

Fiscal Year 2019

Debt Service Fund

Series 2015

			Adopted	Actual	Projected	Total	Adopted		
			Budget	Thru	Next 2	Thru	Budget		
			FY2018	7/31/18	Months	9/30/18	FY2019		
Revenues								
Special Assessments	$607,044	$533,318	$84,315	$617,633	$607,044		
Interest	$0	$6,374	$626	$7,000	$0		
Carry Forward Surplus	$399,572	$379,668	$0	$379,668	$399,733		
Total Revenues							
	$1,006,616	$919,359	$84,941	$1,004,300	$1,006,776		
Expenses								
								
Interest - 11/1	$224,559	$224,559	$0	$224,559	$221,459		
Principal - 11/1	$155,000	$155,000	$0	$155,000	$160,000		
Interest - 5/1	$221,459	$221,459	$0	$221,459	$218,259		
Transfer Out	$0	$3,549	$0	$3,549	$0		
Total Expenditures							
	$601,018	$604,568	$0	$604,568	$599,718		
Excess Revenues/(Expenditures)							
							
	$405,598	$314,791	$84,941	$399,733	$407,058		

Principal - 11/1/2019	$170,000	
Interest - 11/1/2019	$218,259	
Total	$388,259	

		Gross Per	Gross	
Product Type	Platted Units	Unit	Total	
Apartments	0	$0	$0	
Townhome - 20'	18	$506	$9,108	
Townhome - 25'	80	$633	$50,640	
Single Family - 32'	153	$810	$123,930	
Single Family - 40'	108	$1,013	$109,404	
Single Family - 50'	115	$1,266	$145,590	
Single Family - 60'	27	$1,519	$41,013	
Unplatted	0	N/A	$166,106	
	501		$645,791	
Commercial	82	$0	$0	

9

Storey Community Development District

Series 2015, Special Assessment Bonds

(Term Bonds Combined)

Amortization Schedule

Date	Balance		Principal		Interest		Annual	
5/1/18	$ 8,965,000	$	-	$	221,459	$	-	
11/1/18	$ 8,965,000	$	160,000	$	221,459	$	602,919	
5/1/19	$ 8,805,000	$	-	$	218,259	$	-	
11/1/19	$ 8,805,000	$	170,000	$	218,259	$	606,519	
5/1/20	$ 8,635,000	$	-	$	214,859	$	-	
11/1/20	$ 8,635,000	$	175,000	$	214,859	$	604,719	
5/1/21	$ 8,460,000	$	-	$	211,359	$	-	
11/1/21	$ 8,460,000	$	180,000	$	211,359	$	602,719	
5/1/22	$ 8,280,000	$	-	$	207,309	$	-	
11/1/22	$ 8,280,000	$	190,000	$	207,309	$	604,619	
5/1/23	$ 8,090,000	$	-	$	203,034	$	-	
11/1/23	$ 8,090,000	$	200,000	$	203,034	$	606,069	
5/1/24	$ 7,890,000	$	-	$	198,534	$	-	
11/1/24	$ 7,890,000	$	205,000	$	198,534	$	602,069	
5/1/25	$ 7,685,000	$	-	$	193,922	$	-	
11/1/25	$ 7,685,000	$	215,000	$	193,922	$	602,844	
5/1/26	$ 7,245,000	$	-	$	189,084	$	-	
11/1/26	$ 7,245,000	$	225,000	$	189,084	$	603,169	
5/1/27	$ 7,245,000	$	-	$	184,022	$	-	
11/1/27	$ 7,245,000	$	235,000	$	184,022	$	603,044	
5/1/28	$ 7,010,000	$	-	$	178,147	$	-	
11/1/28	$ 7,010,000	$	250,000	$	178,147	$	606,294	
5/1/29	$ 6,760,000	$	-	$	171,897	$	-	
11/1/29	$ 6,760,000	$	260,000	$	171,897	$	603,794	
5/1/30	$ 6,500,000	$	-	$	165,397	$	-	
11/1/30	$ 6,500,000	$	275,000	$	165,397	$	605,794	
5/1/31	$ 6,225,000	$	-	$	158,522	$	-	
11/1/31	$ 6,225,000	$	290,000	$	158,522	$	607,044	
5/1/32	$ 5,935,000	$	-	$	151,272	$	-	
11/1/32	$ 5,935,000	$	300,000	$	151,272	$	602,544	
5/1/33	$ 5,635,000	$	-	$	143,772	$	-	
11/1/33	$ 5,635,000	$	315,000	$	143,772	$	602,544	
5/1/34	$ 5,320,000	$	-	$	135,897	$	-	
11/1/34	$ 5,320,000	$	335,000	$	135,897	$	606,794	
5/1/35	$ 4,985,000	$	-	$	127,522	$	-	
11/1/35	$ 4,985,000	$	350,000	$	127,522	$	605,044	
5/1/36	$ 4,635,000	$	-	$	118,772	$	-	
11/1/36	$ 4,635,000	$	365,000	$	118,772	$	602,544	

10

Storey Community Development District

Series 2015, Special Assessment Bonds

(Term Bonds Combined)

Amortization Schedule

Date		Balance		Principal		Interest		Annual	
5/1/37	$	4,270,000	$	-	$	109,419	$	-	
11/1/37	$	4,270,000	$	385,000	$	109,419	$	603,838	
5/1/38	$	3,885,000	$	-	$	99,553	$	-	
11/1/38	$	3,885,000	$	405,000	$	99,553	$	604,106	
5/1/39	$	3,480,000	$	-	$	89,175	$	-	
11/1/39	$	3,480,000	$	425,000	$	89,175	$	603,350	
5/1/40	$	3,055,000	$	-	$	78,284	$	-	
11/1/40	$	3,055,000	$	450,000	$	78,284	$	606,569	
5/1/41	$	2,605,000	$	-	$	66,753	$	-	
11/1/41	$	2,605,000	$	470,000	$	66,753	$	603,506	
5/1/42	$	2,135,000	$	-	$	54,709	$	-	
11/1/42	$	2,135,000	$	495,000	$	54,709	$	604,419	
5/1/43	$	1,640,000	$	-	$	42,025	$	-	
11/1/43	$	1,640,000	$	520,000	$	42,025	$	604,050	
5/1/44	$	1,120,000	$	-	$	28,700	$	-	
11/1/44	$	1,120,000	$	545,000	$	28,700	$	602,400	
5/1/45	$	575,000	$	-	$	14,734	$	-	
11/1/45	$	575,000	$	575,000	$	14,734	$	604,469	
									
Totals			$	8,965,000	$	7,952,788	$	16,917,788	

11

Storey Park

Community Development District

Fiscal Year 2019

Debt Service Fund

Series 2018

			Proposed	Actual	Projected		Total	Adopted			
			Budget	Thru	Next 2		Thru	Budget			
			FY2018	7/31/18	Months	9/30/18		FY2019			
Revenues											
Special Assessments	$0	$0	$92,509	$92,509		$248,800			
Interest	$0	$128	$172	$300		$0			
Bond Proceeds	$74,021	$74,021	$0	$74,021		$0			
Carry Forward Surplus	$0	$0	$0	$0		$92,781  *		
Total Revenues										
	$74,021	$74,149	$92,681	$166,830		$341,581			
Expenses											
											
Interest - 12/15	$0	$0	$0	$0		$92,509			
Principal - 6/15	$0	$0	$0	$0		$65,000			
Interest - 6/15	$11,821	$11,821	$0	$11,821		$92,509			
Total Expenditures										
	$11,821	$11,821	$0	$11,821		$250,018			
Excess Revenues/(Expenditures)										
										
	$62,200	$62,328	$92,681	$155,009		$91,563			
											
						Interest - 12/15/2019	$91,291			
							Total	$91,291			
*Represents carry forward surplus less reserves.									

					Gross Per		Gross					
			Product Type	Platted Units	Unit		Total					
			Townhome - 25'	57	$633	$36,081					
			Single Family - 32'	60	$810	$48,600					
			Single Family - 40'	35	$1,013	$35,455					
			Single Family - 50'	95	$1,266	$120,270					
			Single Family - 60'	16	$1,519		$24,304					
				263		$264,710					

12

Storey Community Development District

Series 2018, Special Assessment Bonds

(Term Bonds Combined)

Amortization Schedule

Date	Balance		Principal		Interest		Annual	
6/15/18	$ 3,865,000	$	-	$	11,821	$	11,821	
12/15/18	$ 3,865,000	$	-	$	92,509	$	-	
6/15/19	$ 9,210,000	$	65,000	$	92,509	$	250,019	
12/15/19	$ 9,120,000	$	-	$	91,291	$	-	
6/15/20	$ 3,800,000	$	65,000	$	91,291	$	247,581	
12/15/20	$ 3,735,000	$	-	$	90,072	$	-	
6/15/21	$ 3,735,000	$	65,000	$	90,072	$	245,144	
12/15/21	$ 3,670,000	$	-	$	88,853	$	-	
6/15/22	$ 3,670,000	$	70,000	$	88,853	$	247,706	
12/15/22	$ 3,600,000	$	-	$	87,541	$	-	
6/15/23	$ 3,600,000	$	70,000	$	87,541	$	245,081	
12/15/23	$ 3,530,000	$	-	$	86,228	$	-	
6/15/24	$ 3,530,000	$	75,000	$	86,228	$	247,456	
12/15/24	$ 3,455,000	$	-	$	84,588	$	-	
6/15/25	$ 3,455,000	$	80,000	$	84,588	$	249,175	
12/15/25	$ 3,375,000	$	-	$	82,838	$	-	
6/15/26	$ 3,375,000	$	80,000	$	82,838	$	245,675	
12/15/26	$ 3,295,000	$	-	$	81,088	$	-	
6/15/27	$ 3,295,000	$	85,000	$	81,088	$	247,175	
12/15/27	$ 3,210,000	$	-	$	79,228	$	-	
6/15/28	$ 3,210,000	$	90,000	$	79,228	$	248,456	
12/15/28	$ 3,120,000	$	-	$	77,259	$	-	
6/15/29	$ 3,120,000	$	95,000	$	77,259	$	249,519	
12/15/29	$ 3,025,000	$	-	$	74,944	$	-	
6/15/30	$ 3,025,000	$	100,000	$	74,944	$	249,888	
12/15/30	$ 2,925,000	$	-	$	72,506	$	-	
6/15/31	$ 2,925,000	$	105,000	$	72,506	$	250,013	
12/15/31	$ 2,820,000	$	-	$	69,947	$	-	
6/15/32	$ 2,820,000	$	110,000	$	69,947	$	249,894	
12/15/32	$ 2,710,000	$	-	$	67,266	$	-	
6/15/33	$ 2,710,000	$	115,000	$	67,266	$	249,531	
12/15/33	$ 2,595,000	$	-	$	64,463	$	-	
6/15/34	$ 2,595,000	$	120,000	$	64,463	$	248,925	
12/15/34	$ 2,475,000	$	-	$	61,538	$	-	
6/15/35	$ 2,475,000	$	125,000	$	61,538	$	248,075	
12/15/35	$ 2,350,000	$	-	$	58,491	$	-	
6/15/36	$ 2,350,000	$	130,000	$	58,491	$	246,981	
12/15/36	$ 2,220,000	$	-	$	55,322	$	-	
6/15/37	$ 2,220,000	$	140,000	$	55,322	$	250,644	
12/15/37	$ 2,080,000	$	-	$	51,909	$	-	
6/15/38	$ 2,080,000	$	145,000	$	51,909	$	248,819	
12/15/38	$ 1,935,000	$	-	$	48,375	$	-	
6/15/39	$ 1,935,000	$	155,000	$	48,375	$	251,750	

13

Storey Community Development District

Series 2018, Special Assessment Bonds

(Term Bonds Combined)

Amortization Schedule

Date		Balance		Principal		Interest		Annual	
12/15/39	$	1,780,000	$	-	$	44,500	$	-	
6/15/40	$	1,780,000	$	160,000	$	44,500	$	249,000	
12/15/40	$	1,620,000	$	-	$	40,500	$	-	
6/15/41	$	1,620,000	$	170,000	$	40,500	$	251,000	
12/15/41	$	1,450,000	$	-	$	36,250	$	-	
6/15/42	$	1,450,000	$	180,000	$	36,250	$	252,500	
12/15/42	$	1,270,000	$	-	$	31,750	$	-	
6/15/43	$	1,270,000	$	185,000	$	31,750	$	248,500	
12/15/43	$	1,085,000	$	-	$	27,125	$	-	
6/15/44	$	1,085,000	$	195,000	$	27,125	$	249,250	
12/15/44	$	890,000	$	-	$	22,250	$	-	
6/15/45	$	890,000	$	205,000	$	22,250	$	249,500	
12/15/45	$	685,000	$	-	$	17,125	$	-	
6/15/46	$	685,000	$	215,000	$	17,125	$	249,250	
12/15/46	$	470,000	$	-	$	11,750	$	-	
6/15/47	$	470,000	$	230,000	$	11,750	$	253,500	
12/15/47	$	240,000	$	-	$	6,000	$	-	
6/15/48	$	240,000	$	240,000	$	6,000	$	252,000	
									
Totals			$	3,865,000	$	3,618,827	$	7,483,827	

14