Sandmine Road
Community Development District

Adopted Budget
FY2024

Table of Contents

1-2	General Fund	

3-5	

General Fund Narrative	

6	

Capital Reserve Fund	

7	

Series 2020 Debt Service Fund	

8	

Series 2020 Amortization Schedule	

9	

Series 2021 Debt Service Fund	

10	

Series 2021 Amortization Schedule	

11	

Series 2022 Debt Service Fund	

12	

Series 2022 Amortization Schedule	

Sandmine Road
Community Development District Adopted Budget
General Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2023	6/30/23	3 Months	9/30/23	FY2024	

Revenues						
Assessments - Tax Roll	$	414,692	$	418,240	$	-	$	418,240	$	368,473	
Developer Contributions	$	-	$	635	$	-	$	635	$	-	
Miscellaneous Income	$	-	$	76	$	-	$	76	$	-	
Total Revenues	$	414,692	$	418,950	$	-	$	418,950	$	368,473	

Expenditures						
General & Administrative						
Supervisor Fees	$	12,000	$	-	$	4,000	$	4,000	$	12,000	
FICA Expense	$	918	$	-	$	306	$	306	$	918	
Engineering	$	12,000	$	1,000	$	2,500	$	3,500	$	12,000	
Attorney	$	25,000	$	4,743	$	2,371	$	7,114	$	25,000	
Annual Audit	$	7,000	$	-	$	3,375	$	3,375	$	7,000	
Arbitrage Fees	$	1,350	$	450	$	900	$	1,350	$	1,350	
Dissemination Fees	$	8,000	$	5,917	$	2,083	$	8,000	$	10,500	
Assessment Administration	$	-	$	5,000	$	-	$	5,000	$	5,300	
Trustee Fees	$	12,123	$	8,081	$	4,041	$	12,122	$	12,123	
Management Fees	$	37,853	$	28,390	$	9,463	$	37,853	$	40,124	
Information Technology	$	1,250	$	938	$	312	$	1,250	$	1,325	
Website Maintenance	$	625	$	469	$	156	$	625	$	663	
Telephone	$	300	$	-	$	50	$	50	$	300	
Postage	$	1,000	$	486	$	162	$	648	$	1,000	
Printing & Binding	$	1,000	$	53	$	29	$	82	$	200	
Office Supplies	$	625	$	2	$	8	$	10	$	100	
Insurance	$	5,822	$	5,563	$	-	$	5,563	$	6,695	
Legal Advertising	$	5,000	$	655	$	3,453	$	4,108	$	5,000	
Other Current Charges	$	1,500	$	347	$	116	$	462	$	1,000	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Boundary Amendment	$	-	$	635	$	-	$	635	$	-	
Total Administrative	$	133,541	$	62,900	$	33,326	$	96,226	$	142,773	

Sandmine Road
Community Development District Adopted Budget
General Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2023	6/30/23	3 Months	9/30/23	FY2024	
Operations & Maintenance						
Field Expenditures						
Property Insurance	$	5,000	$	-	$	-	$	-	$	7,500	
Field Management	$	10,500	$	7,875	$	2,625	$	10,500	$	15,000	
Landscape Maintenance	$	200,151	$	35,100	$	12,300	$	47,400	$	102,700	
Landscape Replacement	$	5,000	$	-	$	2,500	$	2,500	$	5,000	
Electric	$	5,000	$	-	$	2,500	$	2,500	$	5,000	
Water & Sewer	$	36,000	$	7,107	$	9,547	$	16,653	$	36,000	
Fountain Maintenance	$	7,000	$	3,900	$	2,300	$	6,200	$	7,000	
Irrigation Repairs	$	5,000	$	-	$	1,065	$	1,065	$	5,000	
General Repairs & Maintenance	$	5,000	$	-	$	1,000	$	1,000	$	5,000	
Wall Maintenance	$	-	$	-	$	-	$	-	$	10,000	
Contingency	$	2,500	$	-	$	500	$	500	$	2,500	
Subtotal Field Expenditures	$	281,151	$	53,982	$	34,337	$	88,318	$	200,700	

Other Expenditures
Capital Reserves - Transfer	$	-	$	-	

$	-	

$	-	

$	25,000	
Total Other Expenditures	$	-	$	-	$	-	$	-	$	25,000	

Total Expenditures	$	414,692	$	116,882	$	67,663	$	184,544	$	368,473	
						
Excess Revenues/(Expenditures)	$	0	$	302,068	$	(67,663)	$	234,406	$	-	

Product

Assessable	Net
Units	Assessment	Net Per Unit (7%)	Gross Per Unit

Tax Roll
Townhouse - 25'	272	$	111,857.87	$	411.24	$	442.20	
Single Family - 40'	245	$	107,471.29	$	438.66	$	471.68	
Single Family - 50'	272	$	149,143.83	$	548.32	$	589.59	
Total Tax Roll	789	$	368,473			

FY2024 Gross
Product	Per Unit	FY2023 Gross Per Unit	Increase/ (Decrease)	
Townhouse - 25'	$	442.20	$	497.66	$	(55.46)	
Single Family - 40'	$	471.68	$	530.84	$	(59.16)	
Single Family - 50'	$	589.59	$	663.55	$	(73.96)	

Sandmine Road Community Development District
General Fund Budget

REVENUES:

Assessments

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.

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.

FICA Expense

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

Engineering

The District's engineer will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices, etc.

Attorney

The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.

Annual Audit

The district is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Arbitrage Fees

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Special Assessment Bond.

Dissemination Fees

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional report requirements for unrated bond issues.

Trustee Fees

The District will pay annual fees for Series 2020 Special Assessment Revenue Bonds that are deposited with a Trustee at US Bank, N.A.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services.

Sandmine Road
Community Development District
General Fund Budget

Information Technology

Represents costs related to the District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

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

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

Printing & Binding

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

Office Supplies

Miscellaneous office supplies.

Insurance

The District’s general liability, public officials liability and property insurance coverages.

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.

Dues, Licenses & Subscriptions

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

Operations & Maintenance:

Field Expenses:

Property Insurance

The District’s property insurance coverages.

Sandmine Road
Community Development District
General Fund Budget

Field Management

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

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed.

Exclusive Landscaping	
$ 82,800.00	
Toole's Tractor Services	$	8,100.00	
Toole's Tractor Services - Additional Pond	$	1,800.00	
Miscellaneous	  $ 10,000.00 	
	$102,700.00	

Landscape Replacement

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

Electric

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

Water & Sewer

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

Fountain Maintenance

Represents the estimated costs of maintaining the fountains for the District.

Irrigation Repairs

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

General Repairs & Maintenance

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

Contingency

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

Sandmine Road
Community Development District
Adopted Budget Capital Reserve Fund

Adopted Budget	Actual Through	Projected Next	Projected Through	Adopted Budget	
Description	FY2023	6/30/23	3 Months	9/30/23	FY2024	

Revenues

Interest Income	

$	-	$	-	$	-	$	-	$	-	
Total Revenues	$	-	$	-	$	-	$	-	$	-	

Expenses

Capital Outlay	

$	-	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	$	-	

Other Financing Sources

Transfer In/(Out)	

$	-	$	-	$	-	$	-	$	25,000	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	$	25,000	
		
Excess Revenues/(Expenditures)	$	-	$	-	$	-	$	-	$	25,000	

Sandmine Road
Community Development District Adopted Budget
Debt Service Fund Series 2020

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2023	6/30/23	3 Months	9/30/23	FY2024	

Revenues						
Assessments - On Roll	$	363,719	$	366,830	$	-	$	366,830	$	363,719	
Interest	$	-	$	9,213	$	3,071	$	12,284	$	-	
Carry Forward Surplus (1)	$	118,249	$	122,315	$	-	$	122,315	$	131,934	
Total Revenues	$	481,968	$	498,358	$	3,071	$	501,429	$	495,653	

Expenditures						
Interest - 11/1	$	112,403	$	112,403	$	-	$	112,403	$	110,566	
Principal - 5/1	$	140,000	$	140,000	$	-	$	140,000	$	140,000	
Interest - 5/1	$	112,403	$	112,403	$	-	$	112,403	$	110,566	
Total Expenditures	$	364,806	$	364,806	$	-	$	364,806	$	361,131	

Other Sources/(Uses)						

Transfer In/Out	$	-	$	(4,689)	
$	-	
$	(4,689)	
$	-	
Total Other Sources/(Uses)	$	-	$	(4,689)	$	-	$	(4,689)	$	-	

Excess Revenues/(Expenditures)	$	117,161	$	128,863	$

3,071	$

131,934	$	134,522

Interest - 11/1  $	108,728.13

(1) Carryforward Surplus is net of Debt Service Reserve Funds

Product	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit	
Townhouse - 25'	122	$	88,989	$	729.42	$	784.32	
Single Family - 40'	92	$	122,052	$	1,326.65	$	1,426.51	
Single Family - 50'	92	$	152,678	$	1,659.54	$	1,784.45	
Total Tax Roll	306	$	363,719			

Sandmine Road Community Development District Series 2020 Special Assessment Bonds
AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/22	$
05/01/23	$

6,325,000.00	$
6,325,000.00	$

-	$
140,000.00  $

112,403.13  $
112,403.13  $

361,578.13
-

11/01/23
05/01/24

$
$

6,185,000.00	$
6,185,000.00	$

-	$
140,000.00  $

110,565.63  $
110,565.63  $

362,968.75
-

11/01/24	$
05/01/25	$
11/01/25	$
05/01/26	$
11/01/26	$
05/01/27	$
11/01/27	$
05/01/28	$
11/01/28	$
05/01/29	$
11/01/29	$
05/01/30	$
11/01/30	$
05/01/31	$
11/01/31	$
05/01/32	$
11/01/32	$
05/01/33	$
11/01/33	$
05/01/34	$
11/01/34	$
05/01/35	$
11/01/35	$
05/01/36	$
11/01/36	$
05/01/37	$
11/01/37	$
05/01/38	$
11/01/38	$
05/01/39	$
11/01/39	$
05/01/40	$
11/01/40	$
05/01/41	$
11/01/41	$
05/01/42	$
11/01/42	$
05/01/43	$
11/01/43	$
05/01/44	$
11/01/44	$
05/01/45	$
11/01/45	$
05/01/46	$
11/01/46	$
05/01/47	$
11/01/47	$
05/01/48	$
11/01/48	$
05/01/49	$
11/01/49	$
05/01/50	$

6,045,000.00	$
6,045,000.00	$
5,900,000.00	$
5,900,000.00	$
5,750,000.00	$
5,750,000.00	$
5,595,000.00	$
5,595,000.00	$
5,435,000.00	$
5,435,000.00	$
5,270,000.00	$
5,270,000.00	$
5,100,000.00	$
5,100,000.00	$
4,925,000.00	$
4,925,000.00	$
4,745,000.00	$
4,745,000.00	$
4,555,000.00	$
4,555,000.00	$
4,360,000.00	$
4,360,000.00	$
4,155,000.00	$
4,155,000.00	$
3,945,000.00	$
3,945,000.00	$
3,725,000.00	$
3,725,000.00	$
3,500,000.00	$
3,500,000.00	$
3,265,000.00	$
3,265,000.00	$
3,020,000.00	$
3,020,000.00	$
2,765,000.00	$
2,765,000.00	$
2,500,000.00	$
2,500,000.00	$
2,225,000.00	$
2,225,000.00	$
1,940,000.00	$
1,940,000.00	$
1,645,000.00	$
1,645,000.00	$
1,340,000.00	$
1,340,000.00	$
1,025,000.00	$
1,025,000.00	$
695,000.00	$
695,000.00	$
355,000.00	$
355,000.00	$

$
145,000.00  $
$
150,000.00  $
$
155,000.00  $
$
160,000.00  $
$
165,000.00	$
$
170,000.00	$
$
175,000.00	$
$
180,000.00	$
$
190,000.00	$
$
195,000.00	$
$
205,000.00	$
$
210,000.00	$
$
220,000.00	$
$
225,000.00	$
$
235,000.00	$
$
245,000.00	$
$
255,000.00	$
$
265,000.00	$
$
275,000.00	$
$
285,000.00	$
$
295,000.00	$
$
305,000.00	$
$
315,000.00	$
$
330,000.00	$
$
340,000.00	$
$
355,000.00	$

108,728.13  $
108,728.13  $
106,825.00  $
106,825.00  $
104,481.25  $
104,481.25  $
102,059.38  $
102,059.38  $
99,559.38  $
99,559.38  $
96,981.25  $
96,981.25  $
94,325.00  $
94,325.00  $
91,153.13  $
91,153.13  $
87,890.63  $
87,890.63  $
84,446.88  $
84,446.88  $
80,912.50  $
80,912.50  $
77,196.88  $
77,196.88  $
73,390.63  $
73,390.63  $
69,403.13  $
69,403.13  $
65,325.00  $
65,325.00  $
61,065.63  $
61,065.63  $
56,625.00  $
56,625.00  $
51,843.75  $
51,843.75  $
46,875.00  $
46,875.00  $
41,718.75  $
41,718.75  $
36,375.00  $
36,375.00  $
30,843.75  $
30,843.75  $
25,125.00  $
25,125.00  $
19,218.75  $
19,218.75  $
13,031.25  $
13,031.25  $
6,656.25  $
6,656.25  $

359,293.75
- 360,553.13
- 361,306.25
- 361,540.63
- 361,618.75
- 361,540.63
- 361,306.25
- 360,478.13
- 359,043.75
- 362,337.50
- 360,359.38
- 363,109.38
- 360,587.50
- 362,793.75
- 359,728.13
- 361,390.63
- 362,690.63
- 363,468.75
- 363,718.75
- 363,593.75
- 363,093.75
- 362,218.75
- 360,968.75
- 359,343.75
- 362,250.00
- 359,687.50
361,656.25

$	6,325,000.00  $	3,910,050.12  $	10,484,225.12

Sandmine Road
Community Development District Adopted Budget
Debt Service Fund Series 2021

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2023	6/30/23	3 Months	9/30/23	FY2024	

Revenues						
Assessments - On Roll	$	419,274	$	422,861	$	-	$	422,861	$	419,274	
Interest	$	-	$	11,535	$	3,845	$	15,379	$	-	
Carry Forward Surplus (1)	$	285,058	$	285,752	$	-	$	285,752	$	305,365	
Total Revenues	$	704,332	$	720,148	$	3,845	$	723,993	$	724,639	

Expenditures						
Interest - 11/1	$	130,003	$	130,003	$	-	$	130,003	$	128,220	
Principal - 11/1	$	155,000	$	155,000	$	-	$	155,000	$	160,000	
Interest - 5/1	$	128,220	$	128,220	$	-	$	128,220	$	126,380	
Total Expenditures	$	413,223	$	413,223	$	-	$	413,223	$	414,600	

Other Sources/(Uses)						

Transfer In/Out	$	-	$	(5,405)	
$	-	
$	(5,405)	
$	-	
Total Other Sources/(Uses)	$	-	$	(5,405)	$	-	$	(5,405)	$	-	

Excess Revenues/(Expenditures)	$	291,109	$	301,520	$

3,845	$

305,365	$	310,039

	Interest - 11/1	$	126,380.00	
	Principal - 11/1	 $	165,000.00 	
(1) Carryforward Surplus is net of Debt Service Reserve Funds	Total	 $	291,380.00 	

Product	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit	
Townhouse - 25'	72	$	52,530	$	729.58	$	784.50	
Single Family - 40'	105	$	139,332	$	1,326.97	$	1,426.85	
Single Family - 50'	137	$	227,412	$	1,659.94	$	1,784.88	
Total Tax Roll	314	$	419,274			

Sandmine Road Community Development District Series 2021 Special Assessment Bonds
Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

05/01/22	$
11/01/22	$
05/01/23	$

7,495,000.00  $
7,495,000.00  $
7,340,000.00  $

$
155,000.00  $
$

132,891.44
130,002.50  $
128,220.00

417,893.94

11/01/23
05/01/24

$
$

7,340,000.00  $
7,180,000.00  $

160,000.00  $

-

$

128,220.00  $
126,380.00

416,440.00

11/01/24	$
05/01/25	$
11/01/25	$
05/01/26	$
11/01/26	$
05/01/27	$
11/01/27	$
05/01/28	$
11/01/28	$
05/01/29	$
11/01/29	$
05/01/30	$
11/01/30	$
05/01/31	$
11/01/31	$
05/01/32	$
11/01/32	$
05/01/33	$
11/01/33	$
05/01/34	$
11/01/34	$
05/01/35	$
11/01/35	$
05/01/36	$
11/01/36	$
05/01/37	$
11/01/37	$
05/01/38	$
11/01/38	$
05/01/39	$
11/01/39	$
05/01/40	$
11/01/40	$
05/01/41	$
11/01/41	$
05/01/42	$
11/01/42	$
05/01/43	$
11/01/43	$
05/01/44	$
11/01/44	$
05/01/45	$
11/01/45	$
05/01/46	$
11/01/46	$
05/01/47	$
11/01/47	$
05/01/48	$
11/01/48	$
05/01/49	$
11/01/49	$
05/01/50	$
11/01/50	$
05/01/51	$
11/01/51	$

7,180,000.00  $
7,015,000.00  $
7,015,000.00  $
6,845,000.00  $
6,845,000.00  $
6,675,000.00  $
6,675,000.00  $
6,500,000.00  $
6,500,000.00  $
6,320,000.00  $
6,320,000.00  $
6,135,000.00  $
6,135,000.00  $
5,945,000.00  $
5,945,000.00  $
5,745,000.00  $
5,745,000.00  $
5,540,000.00  $
5,540,000.00  $
5,330,000.00  $
5,330,000.00  $
5,115,000.00  $
5,115,000.00  $
4,890,000.00  $
4,890,000.00  $
4,660,000.00  $
4,660,000.00  $
4,420,000.00  $
4,420,000.00  $
4,175,000.00  $
4,175,000.00  $
3,920,000.00  $
3,920,000.00  $
3,655,000.00  $
3,655,000.00  $
3,380,000.00  $
3,380,000.00  $
3,100,000.00  $
3,100,000.00  $
2,805,000.00  $
2,805,000.00  $
2,500,000.00  $
2,500,000.00  $
2,185,000.00  $
2,185,000.00  $
1,855,000.00  $
1,855,000.00  $
1,510,000.00  $
1,510,000.00  $
1,155,000.00  $
1,155,000.00  $
785,000.00  $
785,000.00  $
400,000.00  $
400,000.00  $

165,000.00  $
$
170,000.00  $
$
170,000.00  $
$
175,000.00  $
$
180,000.00  $
$
185,000.00  $
$
190,000.00  $
$
200,000.00  $
$
205,000.00  $
$
210,000.00  $
$
215,000.00  $
$
225,000.00  $
$
230,000.00  $
$
240,000.00  $
$
245,000.00  $
$
255,000.00  $
$
265,000.00  $
$
275,000.00  $
$
280,000.00  $
$
295,000.00  $
$
305,000.00  $
$
315,000.00  $
$
330,000.00  $
$
345,000.00  $
$
355,000.00  $
$
370,000.00  $
$
385,000.00  $
$
400,000.00  $

126,380.00  $
124,482.50
124,482.50  $
122,527.50
122,527.50  $
120,572.50
120,572.50  $
117,947.50
117,947.50  $
115,247.50
115,247.50  $
112,472.50
112,472.50  $
109,622.50
109,622.50  $
106,622.50
106,622.50  $
103,240.00
103,240.00  $
99,775.00
99,775.00  $
96,227.50
96,227.50  $
92,515.00
92,515.00  $
88,720.00
88,720.00  $
84,760.00
84,760.00  $
80,717.50
80,717.50  $
76,510.00
76,510.00  $
72,137.50
72,137.50  $
67,600.00
67,600.00  $
62,000.00
62,000.00  $
56,100.00
56,100.00  $
50,000.00
50,000.00  $
43,700.00
43,700.00  $
37,100.00
37,100.00  $
30,200.00
30,200.00  $
23,100.00
23,100.00  $
15,700.00
15,700.00  $
8,000.00
8,000.00  $

417,760.00

418,965.00

415,055.00

416,145.00

415,895.00

415,495.00

414,945.00

419,245.00

418,245.00

416,480.00

414,550.00

417,455.00

415,030.00

417,440.00

414,520.00

416,435.00

418,020.00

419,275.00

415,200.00

419,000.00

417,200.00

415,000.00

417,400.00

419,200.00

415,400.00

416,200.00

416,400.00

416,000.00

$	7,495,000.00  $	4,874,397.50  $	12,502,288.94

Sandmine Road
Community Development District Adopted Budget
Debt Service Fund Series 2022

Proposed Budget
Description	FY2023	Actuals Thru 6/30/23	Projected Next
3 Months	Projected Thru 9/30/23	Adopted Budget FY2024	

Revenues					
Assessments - Direct	$	191,938	$	191,938	$	-	$	191,938	$	191,938	
Interest	$	-	$	4,356	$	1,452	$	5,807	$	-	
Carry Forward Surplus (1)	$	-	$	-	$	-	$	-	$	116,910	
Total Revenues	$	191,938	$	196,293	$	1,452	$	197,745	$	308,847	

Expenditures

Interest - 11/1 Principal - 11/1 Interest - 5/1

$	-	$
$	-	$
$	78,664	$

-	$
-	$
78,664	$

-	$	-	$
-	$	-	$
-	$	78,664	$

76,538
35,000
75,663

Total Expenditures	$	78,664	$	78,664	$	-	$	78,664	$	187,200

Other Sources/(Uses)

Bond Proceeds	$	95,969	$	95,969	$	-	$	95,969	$	-	
Transfer In/Out	$	-	$	(2,172)	$	-	$	(2,172)	$	-	
Total Other Sources/(Uses)	$	95,969	$	93,797	$	-	$	93,797	$	-	

Excess Revenues/(Expenditures)	$	209,243	$	211,427	$

1,452	$

212,879	$	121,647

	Interest - 11/1	$	75,662.50	
	Principal - 11/1	 $	40,000.00 	
(1) Carryforward Surplus is net of Debt Service Reserve Funds	Total	 $	115,662.50 	

Product	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit	
Townhouse - 25'	78	$	56,895	$	729.43	$	784.33	
Single Family - 40'	48	$	63,681	$	1,326.68	$	1,426.54	
Single Family - 50'	43	$	71,362	$	1,659.57	$	1,784.49	
Total Tax Roll	169	$	191,938			

Sandmine Road
Community Development District
Series 2022 Special Assessment Bonds Area Three Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

05/01/23	$

2,640,000.00  $

-	$	78,663.54

11/01/23
05/01/24

$
$

2,640,000.00  $
2,605,000.00  $

35,000.00  $

-

$

76,537.50  $
75,662.50

190,201.04

11/01/24	$
05/01/25	$
11/01/25	$
05/01/26	$
11/01/26	$
05/01/27	$
11/01/27	$
05/01/28	$
11/01/28	$
05/01/29	$
11/01/29	$
05/01/30	$
11/01/30	$
05/01/31	$
11/01/31	$
05/01/32	$
11/01/32	$
05/01/33	$
11/01/33	$
05/01/34	$
11/01/34	$
05/01/35	$
11/01/35	$
05/01/36	$
11/01/36	$
05/01/37	$
11/01/37	$
05/01/38	$
11/01/38	$
05/01/39	$
11/01/39	$
05/01/40	$
11/01/40	$
05/01/41	$
11/01/41	$
05/01/42	$
11/01/42	$
05/01/43	$
11/01/43	$
05/01/44	$
11/01/44	$
05/01/45	$
11/01/45	$
05/01/46	$
11/01/46	$
05/01/47	$
11/01/47	$
05/01/48	$
11/01/48	$
05/01/49	$
11/01/49	$
05/01/50	$
11/01/50	$
05/01/51	$
11/01/51	$
05/01/52	$
11/01/52	$

2,605,000.00  $
2,565,000.00  $
2,565,000.00  $
2,525,000.00  $
2,525,000.00  $
2,485,000.00  $
2,485,000.00  $
2,440,000.00  $
2,440,000.00  $
2,395,000.00  $
2,395,000.00  $
2,345,000.00  $
2,345,000.00  $
2,295,000.00  $
2,295,000.00  $
2,240,000.00  $
2,240,000.00  $
2,185,000.00  $
2,185,000.00  $
2,125,000.00  $
2,125,000.00  $
2,060,000.00  $
2,060,000.00  $
1,990,000.00  $
1,990,000.00  $
1,920,000.00  $
1,920,000.00  $
1,845,000.00  $
1,845,000.00  $
1,765,000.00  $
1,765,000.00  $
1,680,000.00  $
1,680,000.00  $
1,590,000.00  $
1,590,000.00  $
1,395,000.00  $
1,395,000.00  $
1,395,000.00  $
1,395,000.00  $
1,290,000.00  $
1,290,000.00  $
1,180,000.00  $
1,180,000.00  $
1,060,000.00  $
1,060,000.00  $
935,000.00  $
935,000.00  $
800,000.00  $
800,000.00  $
660,000.00  $
660,000.00  $
510,000.00  $
510,000.00  $
350,000.00  $
350,000.00  $
180,000.00  $
180,000.00  $

40,000.00  $
$
40,000.00  $
$
40,000.00  $
$
45,000.00  $
$
45,000.00  $
$
50,000.00  $
$
50,000.00  $
$
55,000.00  $
$
55,000.00  $
$
60,000.00  $
$
65,000.00  $
$
70,000.00  $
$
70,000.00  $
$
75,000.00  $
$
80,000.00  $
$
85,000.00  $
$
90,000.00  $
$
95,000.00  $
$
100,000.00  $
$
105,000.00  $
$
110,000.00  $
$
120,000.00  $
$
125,000.00  $
$
135,000.00  $
$
140,000.00  $
$
150,000.00  $
$
160,000.00  $
$
170,000.00  $
$
180,000.00  $

75,662.50  $
74,662.50
74,662.50  $
73,662.50
73,662.50  $
72,662.50
72,662.50  $
71,537.50
71,537.50  $
70,412.50
70,412.50  $
69,162.50
69,162.50  $
67,725.00
67,725.00  $
66,143.75
66,143.75  $
64,562.50
64,562.50  $
62,837.50
62,837.50  $
60,968.75
60,968.75  $
58,956.25
58,956.25  $
56,943.75
56,943.75  $
54,787.50
54,787.50  $
52,487.50
52,487.50  $
50,043.75
50,043.75  $
47,456.25
47,456.25  $
44,725.00
44,725.00  $
41,850.00
41,850.00  $
38,700.00
38,700.00  $
35,400.00
35,400.00  $
31,800.00
31,800.00  $
28,050.00
28,050.00  $
24,000.00
24,000.00  $
19,800.00
19,800.00  $
15,300.00
15,300.00  $
10,500.00
10,500.00  $
5,400.00
5,400.00  $

191,325.00

189,325.00

187,325.00

190,325.00

188,075.00

190,825.00

188,325.00

190,450.00

187,287.50

189,125.00

190,675.00

191,937.50

187,912.50

188,887.50

189,575.00

189,975.00

190,087.50

189,912.50

189,450.00

188,700.00

187,400.00

190,800.00

188,600.00

191,100.00

188,000.00

189,600.00

190,600.00

191,000.00

190,800.00

$	2,640,000.00  $	3,047,601.04  $	5,687,601.04