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Storey Park

Community Development District

Adopted Budget

FY 2020

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	Table of Contents	
1-2	General Fund	
3	Assessment  Area  1-3 Allocation Chart	
4-9	General Fund Narrative	
10	Debt Service Fund Series 2015	
11-12	Amortization Schedule Series 2015	
13	Debt Service Fund Series 2018	
14-15	Amortization Schedule Series 2018	
16	Debt Service Fund Series 2019	
17-18	Amortization Schedule Series 2019	

Storey Park

Community Development District

Fiscal Year 2020

General Fund

							Adopted	Actual	Projected	Total	Adopted		
							Budget	Thru	Next 2	Thru	Budget		
	Description			FY2019	7/31/19	Months	9/30/19	FY2020		
	Revenues										
	O&M Assessments	$442,740	$448,236	$0	$448,236	$561,180			
	Developer Contribution - Admin. (1)	$42,587	$0	$42,587	$42,587	$28,304			
	Developer Contribution - Deficit	$19,669	$0	$4,535	$4,535	$142,668			
	Interest	$0	$50	$5	$55	$0			
	Total Revenues								
			$504,996	$448,285	$47,127	$495,412	$732,152			
	Expenditures										
											
	Administrative										
	Supervisor Fees	$0	$0	$0	$0	$0			
	FICA Expense	$0	$0	$0	$0	$0			
	Engineering	$12,000	$9,672	$2,328	$12,000	$12,000			
	Attorney	$25,000	$7,381	$5,119	$12,500	$25,000			
	Arbitrage	$600	$600	$0	$600	$600			
	Dissemination Agent	$7,500	$6,833	$1,833	$8,667	$11,000			
	Annual Audit	$4,400	$4,500	$0	$4,500	$5,600			
	Trustee Fees	$7,000	$7,000	$0	$7,000	$10,500			
	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	$2,700	$3,700	$2,400			
	Telephone	$300	$51	$39	$90	$300			
	Postage	$1,000	$150	$50	$200	$1,000			
	Insurance	$6,000	$5,398	$0	$5,398	$6,000			
	Printing & Binding	$1,000	$310	$65	$375	$1,000			
	Legal Advertising	$1,925	$3,724	$776	$4,500	$1,925			
	Other Current Charges	$1,000	$309	$1,500	$1,809	$1,000			
	Property Appraiser	$700	$501	$0	$501	$700			
	Property Taxes	$0	$0	$0	$0	$0			
	Office Supplies	$625	$17	$58	$75	$625			
	Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175			
	Administrative Expenses								
			$110,425	$81,788	$20,302	$102,089	$119,825			

1

Storey Park

Community Development District

Fiscal Year 2020

General Fund

					Adopted	Actual	Projected	Total	Adopted		
					Budget	Thru	Next 2	Thru	Budget		
	Description			FY2019	7/31/19	Months	9/30/19	FY2020		
	Operation & Maintenance										
	Contract Services									
	Field Management	$15,000	$12,500	$2,500	$15,000	$15,000			
	Landscape Maintenance - Contract	$237,283	$219,963	$39,547	$259,510	$372,707			
	Lake Maintenance	$7,500	$2,850	$570	$3,420	$17,820			
	Mitigation Monitoring & Maintenance	$10,300	$16,434	$0	$16,434	$10,300			
	Repairs & Maintenance									
	Repairs - General	$2,000	$0	$250	$250	$5,000			
	Operating Supplies	$500	$0	$50	$50	$5,000			
	Landscape Contingency	$10,000	$1,000	$500	$1,500	$10,000			
	Irrigation Repairs	$6,000	$3,842	$1,158	$5,000	$10,000			
	Roadways & Sidewalks	$5,000	$0	$0	$0	$10,000			
	Trail Maintenance	$1,500	$0	$0	$0	$2,500			
	Signage	$3,500	$2,315	$0	$2,315	$5,000			
	Utility									
	Electric	$1,000	$338	$72	$410	$3,000			
	Water & Sewer	$14,000	$1,971	$660	$2,631	$25,000			
	Streetlights	$79,488	$65,712	$19,000	$84,712	$115,000			
	Other									
	Property Insurance	$1,500	$2,092	$0	$2,092	$6,000			
	Operation & Maintenance Expenses								
			$394,571	$329,016	$64,307	$393,323	$612,327			
	Total Expenditures								
			$504,996	$410,804	$84,609	$495,413	$732,152			
	Excess Revenues/(Expenditures)									
									
			$0	$37,481	($37,482)	($0)	$0			
								
	(1) Assessments are imposed on the platted and unplatted lots in Assessment Area One ("AA1").		Net Assessments	$561,180			
	The assessments on platted lots will be certified for collection on the tax bill and the assessments	Add: Discounts & Collection	$35,820			
	on the unplatted lots will be direct billed. The Developer Contribution consists of a prorated portion		Gross Assessments	$597,000			
	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	$157	
	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		$710	$756	
		701		518								
	Commercial (1,000 Square Feet)	82	0.25	20.50	$	-	$	-		$148	$157	
											
						% of	Gross O&M		Net Debt	Gross Debt	
	Product Type	No. of Units	ERUs per Unit Total ERUs		ERU	Assessments	Assessments	Assessments	
	Apartments	30	0.25	7.50		0.79%		$4,723		$0	$0.00	
	Townhome - 20'	100	0.40	40.00		4.22%		$25,187		$47,593	$50,631	
	Townhome - 25'	90	0.50	45.00		4.75%		$28,336		$53,542	$56,960	
	Single Family 32'	130	0.64	83.20		8.78%		$52,389		$98,993	$105,312	
	Single Family 40'	112	0.80	89.60		9.45%		$56,419		$106,607	$113,412	
	Single Family 50'	172	1.00	172.00		18.14%		$108,305		$204,648	$217,711	
	Single Family 60'	67	1.20	80.40		8.48%		$50,626		$95,661	$101,767	
	Commercial (1,000 Square Feet)	82.00	0.25	20.50		2.16%		$12,908		$0	$0	
												
		783.00		538.20		57%	$	338,894	$	607,044	$645,791	
		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		$710	$756	
	Single Family 70'	0	0.00	0		$0		$0		$0	$0	
	Total	263		209								
											
						% of	Gross O&M		Net Debt	Gross Debt	
	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		3.01%		$17,946		$33,911	$36,076	
	Single Family 32'	60	0.64	38.40		4.05%		$24,180		$45,691	$48,607	
	Single Family 40'	35	0.80	28.00		2.95%		$17,631		$33,316	$35,443	
	Single Family 50'	95	1.00	95.00		10.02%		$59,820		$113,037	$120,252	
	Single Family 60'	16	1.20	19.20		2.03%		$12,090		$22,845	$24,303	
												
		263.00		209.10		22%	$	131,666	$	248,800	$264,681	
		STOREY PARK COMMUNITY DEVELOPMENT DISTRICT				
	PROJECTED ANNUAL DEBT SERVICE AND O&M ASSESSMENTS FOR EACH PRODUCT TYPE		
			ASSESSMENT AREA 3						
									
					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'	0	0.50	0		$0		$0		$0	$0	
	Single Family 32'	0	0.64	0		$0		$0		$0	$0	
	Single Family 40'	72	0.80	57.60		$952		$1,013		$474	$504	
	Single Family 50'	82	1.00	82.00		$1,190		$1,266		$592	$630	
	Single Family 60'	51	1.20	61.20		$1,428		$1,519		$710	$756	
	Single Family 70'	0	0.00	0.00		$0		$0		$0	$0	
	Total	205		200.80								
											
						% of	Gross O&M		Net Debt	Gross Debt	
	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'	0	0.50	0.00		0.00%		$0		$0	$0.00	
	Single Family 32'	0	0.64	0.00		0.00%		$0		$0	$0.00	
	Single Family 40'	72	0.80	57.60		6.08%		$36,270		$68,536	$72,910	
	Single Family 50'	82	1.00	82.00		8.65%		$51,634		$97,569	$103,797	
	Single Family 60'	51	1.20	61.20		6.46%		$38,536		$72,818	$77,466	
												
		205.00		200.80		21%	$	126,440	$	238,923	$254,173	
											
		1251.00		948.10		100%	$ 597,000.00				

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 three 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, the Series 2018 Special Assessment Bonds and the Series 2019 Special Assessments 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.

5

Storey Park

Community Development District

GENERAL FUND BUDGET

Printing & Binding

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

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.

6

Storey Park

Community Development District

GENERAL FUND BUDGET

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:						
Common Areas, Lakes & Roadways	$8,660	$	103,920	
Areas 1 - 5	$11,114	$	133,363	
Areas L6-1 & L6-2 (Future Areas)	$1,788	$	21,456	
Parcel I Phase 2 - Dog Park (Future Area)	$761	$	9,130	
Parce L Phase 1 L300 - L305 (Future Area)	$2,824	$	33,888	
Parcel L Phase 2 L301 - L302 (Future Area)	$2,298	$	27,570	
Parcel L Phase 3 (Future Areas)	$3,615	$	43,378	
Total				$	372,707	

Lake Maintenance

Represents cost for maintaining 4 retention ponds within the District boundaries as well as contingency for 10 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 Retention Ponds	$285	$3,420	
L-2, L-4 & L-5 Ponds (Future Ponds)	$300	$3,600	
L6-1 & L6-2 Ponds (Future Ponds)	$300	$3,600	
L-7, M1 Prcl M Tracts A & F, Ponds 1-2 & 1-3	$600	$7,200	
Total				$17,820	

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.

7

Storey Park

Community Development District

GENERAL FUND BUDGET

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.

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 two accounts with Duke Energy.

Description		Monthly		Annual	
11647 Epic Avenue	$15	$180	
11868 Dowden Road	$35	$420	
Contingency (Approx. 8 Future Meters)			$2,400	
Total			$3,000	

Water & Sewer

Represents cost of reclaimed water within the common areas of the District. District currently has one master account with Orange County Utilities that covers four service locations.

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 (Approx. 20 Future Meters)			$18,700	
Total				$25,000	

8

Storey Park

Community Development District

GENERAL FUND BUDGET

Streetlights

Represents cost of electric for streetlights currently billed to the District and small contingency.

District currently has four accounts with Duke Energy.

Description		Monthly		Annual	
000	Dowden Rd. Lite, SL (42)	$1,515	$18,180	
000	Storey Time Dr. Lite SL L PH1&2 (77)	$3,300	$39,600	
000	Wewahootee Rd. Lite PH4 SL (33)	$1,325	$15,900	
000	Wewahootee Rd. Lite PH3 SL (50)	$2,005	$24,060	
000	Wewahootee Rd. Lite PH1B SL (33)	$1,320	$15,840	
Contingency			$1,420	
Total			$115,000	

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.

9

Storey Park

Community Development District

Fiscal Year 2020

Debt Service Fund

Series 2015

				Adopted	Actual	Projected	Total	Adopted		
				Budget	Thru	Next 2	Thru	Budget		
				FY2019	7/31/19	Months	9/30/19	FY2020		
Revenues									
Assessments - Tax Roll	$450,904	$461,195	$0	$461,195	$483,751		
Assessments - Direct Billed	$156,140	$101,491	$54,649	$156,140	$123,292		
Interest	$0	$11,071	$929	$12,000	$2,500		
Carry Forward Surplus	$399,733	$382,463	$0	$382,463	$412,079		
Total Revenues								
	$1,006,776	$956,220	$55,578	$1,011,798	$1,021,622		
Expenses									
									
Interest - 11/1	$221,459	$221,459	$0	$221,459	$218,259		
Principal - 11/1	$160,000	$160,000	$0	$160,000	$170,000		
Interest - 5/1	$218,259	$218,259	$0	$218,259	$214,859		
Transfer Out	$0	$0	$0	$0	$0		
Total Expenditures								
	$599,718	$599,719	$0	$599,719	$603,118		
Excess Revenues/(Expenditures)								
								
	$407,058	$356,501	$55,578	$412,079	$418,504		
										
							Principal - 11/1/20	$175,000		
							Interest - 11/1/20	$214,859		
							Total	$389,859		

						Gross Per	Gross	Net		
				Product Type	Platted Units	Unit	Total	Total		
				Apartments	0	$0	$0	$0		
				Townhome - 20'	18	$506	$9,108	$8,562		
				Townhome - 25'	80	$633	$50,640	$47,602		
				Single Family - 32'	153	$810	$123,930	$116,494		
				Single Family - 40'	123	$1,013	$124,599	$117,123		
				Single Family - 50'	127	$1,266	$160,782	$151,135		
				Single Family - 60'	30	$1,519	$45,570	$42,836		
				Unplatted	0	N/A	$131,162	$123,292		
					531		$645,791	$607,044		
				Commercial	82	$0	$0			

10

Storey Park Community Development District

Series 2015, Special Assessment Bonds

(Term Bonds Combined)

Amortization Schedule

Date	Balance		Principal		Interest		Annual	
								
11/1/19	$ 8,805,000	$	170,000	$	218,259	$	388,259	
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	

11

Storey Park 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			$	8,805,000	$	7,291,609	$	16,096,609	

12

Storey Park

Community Development District

Fiscal Year 2020

Debt Service Fund

Series 2018

			Proposed	Actual	Projected	Total	Adopted		
			Budget	Thru	Next 2	Thru	Budget		
			FY2019	7/31/19	Months	9/30/19	FY2020		
Revenues								
Assessments - Tax Roll	$248,800	$161,738	$87,090	$248,827	$248,827		
Interest	$0	$1,813	$237	$2,050	$500		
Transfer In	$0	$3,439	$0	$3,439	$0		
Carry Forward Surplus	$92,781	$92,522	$0	$92,522	$96,820		
Total Revenues							
	$341,581	$259,512	$87,327	$346,838	$346,147		
Expenses								
								
Interest - 12/15	$92,509	$92,509	$0	$92,509	$91,291		
Principal - 6/15	$65,000	$65,000	$0	$65,000	$65,000		
Interest - 6/15	$92,509	$92,509	$0	$92,509	$91,291		
Total Expenditures							
	$250,018	$250,019	$0	$250,019	$247,582		
Excess Revenues/(Expenditures)							
							
	$91,563	$9,493	$87,327	$96,820	$98,565		
									
						Interest - 12/15/20	$90,072		
						Total	$90,072		

					Gross Per	Gross	Net		
			Product Type	Platted Units	Unit	Total	Total		
			Townhome - 25'	57	$633	$36,081	$33,916		
			Single Family - 32'	60	$810	$48,600	$45,684		
			Single Family - 40'	35	$1,013	$35,455	$33,328		
			Single Family - 50'	95	$1,266	$120,270	$113,054		
			Single Family - 60'	16	$1,519	$24,304	$22,846		
				263		$264,710	$248,827		

13

Storey Park Community Development District Series 2018, Special Assessment Bonds (Term Bonds Combined)

Amortization Schedule

Date	Balance		Principal		Interest		Annual	
								
12/15/19	$ 3,800,000	$	-	$	91,291	$	91,291	
6/15/20	$ 3,800,000	$	65,000	$	91,291	$	-	
12/15/20	$ 3,735,000	$	-	$	90,072	$	246,363	
6/15/21	$ 3,735,000	$	65,000	$	90,072	$	-	
12/15/21	$ 3,670,000	$	-	$	88,853	$	243,925	
6/15/22	$ 3,670,000	$	70,000	$	88,853	$	-	
12/15/22	$ 3,600,000	$	-	$	87,541	$	246,394	
6/15/23	$ 3,600,000	$	70,000	$	87,541	$	-	
12/15/23	$ 3,530,000	$	-	$	86,228	$	243,769	
6/15/24	$ 3,530,000	$	75,000	$	86,228	$	-	
12/15/24	$ 3,455,000	$	-	$	84,588	$	245,816	
6/15/25	$ 3,455,000	$	80,000	$	84,588	$	-	
12/15/25	$ 3,375,000	$	-	$	82,838	$	247,425	
6/15/26	$ 3,375,000	$	80,000	$	82,838	$	-	
12/15/26	$ 3,295,000	$	-	$	81,088	$	243,925	
6/15/27	$ 3,295,000	$	85,000	$	81,088	$	-	
12/15/27	$ 3,210,000	$	-	$	79,228	$	245,316	
6/15/28	$ 3,210,000	$	90,000	$	79,228	$	-	
12/15/28	$ 3,120,000	$	-	$	77,259	$	246,488	
6/15/29	$ 3,120,000	$	95,000	$	77,259	$	-	
12/15/29	$ 3,025,000	$	-	$	74,944	$	247,203	
6/15/30	$ 3,025,000	$	100,000	$	74,944	$	-	
12/15/30	$ 2,925,000	$	-	$	72,506	$	247,450	
6/15/31	$ 2,925,000	$	105,000	$	72,506	$	-	
12/15/31	$ 2,820,000	$	-	$	69,947	$	247,453	
6/15/32	$ 2,820,000	$	110,000	$	69,947	$	-	
12/15/32	$ 2,710,000	$	-	$	67,266	$	247,213	
6/15/33	$ 2,710,000	$	115,000	$	67,266	$	-	
12/15/33	$ 2,595,000	$	-	$	64,463	$	246,728	
6/15/34	$ 2,595,000	$	120,000	$	64,463	$	-	
12/15/34	$ 2,475,000	$	-	$	61,538	$	246,000	
6/15/35	$ 2,475,000	$	125,000	$	61,538	$	-	
12/15/35	$ 2,350,000	$	-	$	58,491	$	245,028	
6/15/36	$ 2,350,000	$	130,000	$	58,491	$	-	
12/15/36	$ 2,220,000	$	-	$	55,322	$	243,813	
6/15/37	$ 2,220,000	$	140,000	$	55,322	$	-	
12/15/37	$ 2,080,000	$	-	$	51,909	$	247,231	
6/15/38	$ 2,080,000	$	145,000	$	51,909	$	-	
12/15/38	$ 1,935,000	$	-	$	48,375	$	245,284	
6/15/39	$ 1,935,000	$	155,000	$	48,375	$	-	

14

Storey Park 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	$	247,875	
6/15/40	$	1,780,000	$	160,000	$	44,500	$	-	
12/15/40	$	1,620,000	$	-	$	40,500	$	245,000	
6/15/41	$	1,620,000	$	170,000	$	40,500	$	-	
12/15/41	$	1,450,000	$	-	$	36,250	$	246,750	
6/15/42	$	1,450,000	$	180,000	$	36,250	$	-	
12/15/42	$	1,270,000	$	-	$	31,750	$	248,000	
6/15/43	$	1,270,000	$	185,000	$	31,750	$	-	
12/15/43	$	1,085,000	$	-	$	27,125	$	243,875	
6/15/44	$	1,085,000	$	195,000	$	27,125	$	-	
12/15/44	$	890,000	$	-	$	22,250	$	244,375	
6/15/45	$	890,000	$	205,000	$	22,250	$	-	
12/15/45	$	685,000	$	-	$	17,125	$	244,375	
6/15/46	$	685,000	$	215,000	$	17,125	$	-	
12/15/46	$	470,000	$	-	$	11,750	$	243,875	
6/15/47	$	470,000	$	230,000	$	11,750	$	-	
12/15/47	$	240,000	$	-	$	6,000	$	247,750	
6/15/48	$	240,000	$	240,000	$	6,000	$	246,000	
									
Totals			$	3,800,000	$	3,421,988	$	7,221,988	

15

Storey Park

Community Development District

Fiscal Year 2020

Debt Service Fund

Series 2019

			Proposed	Actual	Projected	Total	Adopted		
			Budget	Thru	Next 2	Thru	Budget		
			FY2019	7/31/19	Months	9/30/19	FY2020		
Revenues								
Assessments - Tax Roll	$0	$0	$0	$0	$144,240		
Assessments - Direct Billed	$83,519	$0	$83,519	$83,519	$95,151		
Bond Proceeds	$126,655	$126,655	$0	$126,655	$0		
Interest	$250	$237	$13	$250	$500		
Carry Forward Surplus	$0	$0	$0	$0	$83,539		
Total Revenues							
	$210,424	$126,892	$83,532	$210,424	$323,431		
Expenses								
								
Interest - 12/15	$0	$0	$0	$0	$83,519		
Principal - 6/15	$0	$0	$0	$0	$70,000		
Interest - 6/15	$6,960	$6,960	$0	$6,960	$83,519		
Transfer Out	$0	$0	$0	$0	$0		
Total Expenditures							
	$6,960	$6,960	$0	$6,960	$237,038		
Excess Revenues/(Expenditures)							
							
	$203,464	$119,932	$83,532	$203,464	$86,393		
									
						Interest - 12/15/20	$82,294		
						Total	$82,294		

					Gross Per	Gross	Net		
			Product Type	Platted Units	Unit	Total	Total		
			Single Family - 40'	72	$1,013	$72,936	$68,560		
			Single Family - 50'	24	$1,266	$30,384	$28,561		
			Single Family - 60'	33	$1,519	$50,127	$47,119		
			Unplatted				$95,151		
				129		$153,447	$239,391		

16

Storey Park Community Development District Series 2019, Special Assessment Bonds (Term Bonds Combined)

Amortization Schedule

Date	Balance		Principal		Interest		Annual	
								
12/15/19	$ 3,995,000	$	-	$	83,518.75	$	83,518.75	
6/15/20	$ 9,210,000	$	70,000	$	83,518.75	$	-	
12/15/20	$ 3,925,000	$	-	$	82,293.75	$	235,812.50	
6/15/21	$ 3,925,000	$	75,000	$	82,293.75	$	-	
12/15/21	$ 3,850,000	$	-	$	80,981.25	$	238,275.00	
6/15/22	$ 3,850,000	$	75,000	$	80,981.25	$	-	
12/15/22	$ 3,775,000	$	-	$	79,668.75	$	235,650.00	
6/15/23	$ 3,775,000	$	80,000	$	79,668.75	$	-	
12/15/23	$ 3,695,000	$	-	$	78,268.75	$	237,937.50	
6/15/24	$ 3,695,000	$	80,000	$	78,268.75	$	-	
12/15/24	$ 3,615,000	$	-	$	76,868.75	$	235,137.50	
6/15/25	$ 3,615,000	$	85,000	$	76,868.75	$	-	
12/15/25	$ 3,530,000	$	-	$	75,275.00	$	237,143.75	
6/15/26	$ 3,530,000	$	90,000	$	75,275.00	$	-	
12/15/26	$ 3,440,000	$	-	$	73,587.50	$	238,862.50	
6/15/27	$ 3,440,000	$	90,000	$	73,587.50	$	-	
12/15/27	$ 3,350,000	$	-	$	71,900.00	$	235,487.50	
6/15/28	$ 3,350,000	$	95,000	$	71,900.00	$	-	
12/15/28	$ 3,255,000	$	-	$	70,118.75	$	237,018.75	
6/15/29	$ 3,255,000	$	100,000	$	70,118.75	$	-	
12/15/29	$ 3,155,000	$	-	$	68,243.75	$	238,362.50	
6/15/30	$ 3,155,000	$	100,000	$	68,243.75	$	-	
12/15/30	$ 3,055,000	$	-	$	66,118.75	$	234,362.50	
6/15/31	$ 3,055,000	$	105,000	$	66,118.75	$	-	
12/15/31	$ 2,950,000	$	-	$	63,887.50	$	235,006.25	
6/15/32	$ 2,950,000	$	110,000	$	63,887.50	$	-	
12/15/32	$ 2,840,000	$	-	$	61,550.00	$	235,437.50	
6/15/33	$ 2,840,000	$	115,000	$	61,550.00	$	-	
12/15/33	$ 2,725,000	$	-	$	59,106.25	$	235,656.25	
6/15/34	$ 2,725,000	$	120,000	$	59,106.25	$	-	
12/15/34	$ 2,605,000	$	-	$	56,556.25	$	235,662.50	
6/15/35	$ 2,605,000	$	125,000	$	56,556.25	$	-	
12/15/35	$ 2,480,000	$	-	$	53,900.00	$	235,456.25	
6/15/36	$ 2,480,000	$	130,000	$	53,900.00	$	-	
12/15/36	$ 2,350,000	$	-	$	51,137.50	$	235,037.50	
6/15/37	$ 2,350,000	$	135,000	$	51,137.50	$	-	
12/15/37	$ 2,215,000	$	-	$	48,268.75	$	234,406.25	
6/15/38	$ 2,215,000	$	145,000	$	48,268.75	$	-	
12/15/38	$ 2,070,000	$	-	$	45,187.50	$	238,456.25	
6/15/39	$ 2,070,000	$	150,000	$	45,187.50	$	-	
12/15/39	$ 1,920,000	$	-	$	42,000.00	$	237,187.50	
6/15/40	$ 1,920,000	$	155,000	$	42,000.00	$	-	

17

Storey Park Community Development District Series 2019, Special Assessment Bonds (Term Bonds Combined)

Amortization Schedule

Date		Balance		Principal		Interest		Annual	
12/15/40	$	1,765,000	$	-	$	38,609.38	$	235,609.38	
6/15/41	$	1,765,000	$	165,000	$	38,609.38	$	-	
12/15/41	$	1,600,000	$	-	$	35,000.00	$	238,609.38	
6/15/42	$	1,600,000	$	170,000	$	35,000.00	$	-	
12/15/42	$	1,430,000	$	-	$	31,281.25	$	236,281.25	
6/15/43	$	1,430,000	$	180,000	$	31,281.25	$	-	
12/15/43	$	1,250,000	$	-	$	27,343.75	$	238,625.00	
6/15/44	$	1,250,000	$	185,000	$	27,343.75	$	-	
12/15/44	$	1,065,000	$	-	$	23,296.88	$	235,640.63	
6/15/45	$	1,065,000	$	195,000	$	23,296.88	$	-	
12/15/45	$	870,000	$	-	$	19,031.25	$	237,328.13	
6/15/46	$	870,000	$	205,000	$	19,031.25	$	-	
12/15/46	$	665,000	$	-	$	14,546.88	$	238,578.13	
6/15/47	$	665,000	$	215,000	$	14,546.88	$	-	
12/15/47	$	450,000	$	-	$	9,843.75	$	239,390.63	
6/15/48	$	450,000	$	220,000	$	9,843.75	$	-	
12/15/48	$	230,000	$	-	$	5,031.25	$	234,875.00	
6/15/49	$	230,000	$	230,000	$	5,031.25	$	235,031.25	
									
Totals			$	3,995,000	$	3,184,843.75	$	7,179,843.75	

18