Storey Creek Community Development District Adopted Budget FY 2024 1-2 3-8 9 10 11 12 Debt Service Fund Series 2022 Amortization Schedule Series 2022 Amortization Schedule Series 2019 Table of Contents General Fund General Fund Narrative Debt Service Fund Series 2019 Adopted Actual Projected Total Adopted Budget Thru Next 3 Thru Budget FY2023 6/30/23 Months 9/30/23 FY2024 Revenues Special Assessments $583,561 $584,565 $0 $584,565 $852,893 Developer Contributions $222,349 $0 $121,193 $121,193 $0 Total Revenues $805,910 $584,565 $121,193 $705,758 $852,893 Expenditures Administrative Supervisor Fees $9,600 $4,800 $2,000 $6,800 $12,000 FICA Expense $734 $367 $153 $520 $918 Engineering $12,000 $1,559 $941 $2,500 $12,000 Attorney $25,000 $14,364 $5,636 $20,000 $25,000 Dissemination $7,000 $5,250 $1,750 $7,000 $10,500 Arbitrage $900 $450 $450 $900 $1,350 Annual Audit $4,500 $0 $4,500 $4,500 $5,610 Trustee Fees $10,000 $4,041 $4,041 $8,081 $10,000 Assessment Administration $5,000 $5,000 $0 $5,000 $7,500 Management Fees $36,750 $27,563 $9,188 $36,750 $40,000 Information Technology $1,300 $975 $325 $1,300 $1,800 Website Maintenance $800 $600 $200 $800 $1,200 Telephone $150 $0 $25 $25 $150 Postage $750 $150 $450 $600 $500 Printing & Binding $750 $78 $225 $303 $600 Insurance $5,979 $5,842 $0 $5,842 $6,450 Legal Advertising $2,500 $0 $2,000 $2,000 $2,000 Other Current Charges $500 $393 $120 $513 $500 Office Supplies $250 $2 $80 $82 $100 Property Appraiser Fee $500 $296 $0 $296 $500 Property Taxes $0 $274 $0 $274 $300 Dues, Licenses & Subscriptions $175 $175 $0 $175 $175 Total Adminstrative $125,138 $72,179 $32,083 $104,262 $139,153 Operations & Maintenance Field Services $15,750 $11,813 $3,938 $15,750 $16,538 Property Insurance $2,631 $2,631 $0 $2,631 $4,000 Electric $4,000 $453 $150 $603 $4,000 Streetlights $194,000 $58,740 $19,560 $78,300 $194,000 Water & Sewer $20,500 $13,442 $4,485 $17,927 $39,600 Landscape Maintenance $386,646 $213,416 $93,314 $306,729 $400,374 Landscape Contingency $7,500 $15,320 $0 $15,320 $7,500 Irrigation Repairs $5,000 $0 $1,250 $1,250 $5,000 Lake Maintenance $29,245 $12,177 $4,059 $16,236 $26,700 Lake Contingency $1,500 $0 $375 $375 $1,500 Doggie Station Maintenance $4,000 $3,360 $750 $4,110 $5,000 Repairs & Maintenance $5,000 $4,066 $935 $5,000 $5,000 Walls, Entry & Monuments $2,500 $0 $625 $625 $2,500 Contingency $2,500 $0 $625 $625 $2,028 Total Operations & Maintenance $680,772 $335,416 $130,065 $465,481 $713,740 Total Expenditures $805,910 $407,595 $162,148 $569,743 $852,893 Excess Revenues/(Expenditures) $0 $176,969 ($40,955) $136,015 $0 Net Assessment $852,893 Collection Cost (6%) $54,440 Gross Assessment $907,332 Storey Creek Community Development District Fiscal Year 2024 General Fund 1 Property Type Units ERU Factor Total ERUs % of Total ERUs Gross Total Gross Per Unit Single Family 40' 126 1.00 126 25.07% $90,661 $719.53 Single Family 50' 264 1.25 330 65.67% $237,446 $899.42 Single Family 60' 31 1.50 47 9.25% $33,458 $1,079.30 Total 421 503 100.00% $361,566 Property Type Units ERU Factor Total ERUs % of Total ERUs Gross Total Gross Per Unit Single Family 40' 70 1.00 70 16.43% $50,367 $719.53 Single Family 50' 152 1.25 190 44.60% $136,711 $899.42 Single Family 60' 85 1.50 128 29.93% $91,741 $1,079.30 Single Family 70' 22 1.75 39 9.04% $27,702 $1,259.18 Total 329 426 100.00% $306,522 Property Type Units ERU Factor Total ERUs % of Total ERUs Gross Total Gross Per Unit Single Family 40' 160 1.00 160 37.56% $115,125 $719.53 Single Family 50' 138 1.25 173 40.49% $124,120 $899.42 Total 298 333 78.05% $239,245 Property Type Units ERU Factor Total ERUs % of Total ERUs Gross Total Gross Per Unit Single Family 40' 356 1.00 356 28.23% $256,154 $719.53 Single Family 50' 554 1.25 693 54.92% $498,277 $899.42 Single Family 60' 116 1.50 174 13.80% $125,199 $1,079.30 Single Family 70' 22 1.75 39 3.05% $27,702 $1,259.18 Total 1048 1261 100.00% $907,332 Property Type Units ERU Factor Total ERUs % of Total ERUs Gross Total Gross Per Unit Single Family 40' 126 1.00 126 13.57% $84,246 $669 Single Family 50' 264 1.25 330 35.54% $220,643 $836 Single Family 60' 31 1.50 47 5.01% $31,091 $1,003 Single Family 60' 0 1.75 0 0.00% $0 $0 Total 421 503 54.12% $335,980 Property Type Units ERU Factor Total ERUs % of Total ERUs Gross Total Gross Per Unit Single Family 40' 70 1.00 70 7.54% $46,803 $669 Single Family 50' 152 1.25 190 20.46% $127,037 $836 Single Family 60' 85 1.50 128 13.73% $85,249 $1,003 Single Family 70' 22 1.75 39 4.15% $25,742 $1,170 Total 329 426 45.88% $284,830 Property Type Units ERU Factor Total ERUs % of Total ERUs Gross Total Gross Per Unit Single Family 40' 196 1.00 196 21.11% $131,049 $669 Single Family 50' 416 1.25 520 56.00% $347,680 $836 Single Family 60' 116 1.50 174 18.74% $116,339 $1,003 Single Family 70' 22 1.75 39 4.15% $25,742 $1,170 Total 750 929 100.00% $620,810 Gross Per Gross Per Gross Increase Property Type Unit FY2023 Unit FY2024 Per Unit % Increase Single Family 40' $668.62 $719.53 $50.92 7.62% Single Family 50' $835.77 $899.42 $63.65 7.62% Single Family 60' $1,002.92 $1,079.30 $76.38 7.62% Single Family 70' $1,170.08 $1,259.18 $89.11 7.62% Total Assessment Area One Fiscal Year 2023 Fiscal Year 2024 Adopted Increase Combined Assessments Assessment Area Two Combined Assessments Assessment Area Three Storey Creek Community Development District Fiscal Year 2024 General Fund Assessment Area One Assessment Area Two 2 Storey Creek Community Development District GENERAL FUND BUDGET REVENUES: Assessments The District will levy a non-ad valorem special assessment on all the assessment 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 expenditures 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 amount is based on 4 supervisors attending 12 meetings during the fiscal year. FICA Expense Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisor checks. Engineering The District's engineer, Boyd Civil Engineering, will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review of invoices and requisitions, preparation and review of contract specifications and bid documents, and various projects assigned as directed by the Board of Supervisors and the District Manager. Attorney The District's legal counsel, Latham, Luna, Eden & Beaudine, LLP, will be providing general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager. 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 Series 2019 Special Assessment Bonds, Area One Project and Series 2022 Special Assessment Bonds, Area Two Project. 3 Storey Creek Community Development District GENERAL FUND BUDGET Arbitrage The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2019 Special Assessment Bonds (Area One Project) and the Series 2022 Special Assessment Bonds (Area Two Project). The District has contracted with AMTEC Corporation for this service. 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 Berger, Toombs, Elam, Gaines & Frank for this service. Trustee Fees The District will pay annual trustee fees for the Series 2019 Special Assessment Bonds (Area One Project) and the Series 2022 Special Assessment Bonds (Area Two Project) that are deposited with a Trustee at USBank. 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 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. 4 Storey Creek Community Development District GENERAL FUND BUDGET 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. Insurance The District’s general liability and public officials liability insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies. Legal Advertising The District is required to advertise various notices for monthly Board meetings, public hearings, etc in a newspaper of general circulation. Other Current Charges Bank charges and any other miscellaneous expenses incurred during the year. Office Supplies Miscellaneous office supplies. Property Appraiser Fee Represents a fee charged by Osceola County Property Appraiser’s office for assessment administration services. Property Taxes Represents estimated fees charged by Osceola County Tax Collector Office for all assessable property within the District. Dues, Licenses & Subscriptions The District is required to pay an annual fee to the Florida Department of Economic Opportunity for $175. This is the only expense under this category for the District. Operations & Maintenance: Field Services The District has contracted with Governmental Management Services-Central Florida, LLC for 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. 5 Storey 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 items such as monument, irrigation meters, etc. District currently has one account with Kissimmee Utility Authority. Account # Description Monthly Annual 002380417-123479770 44981 Storey Creek Blvd Monu/Irrg $50 $600 Contingency $3,400 Total $4,000 Streetlights Represents cost for streetlight services maintained by the District. The District currently has one account with Kissimmee Utility Authority with two more areas set to come online within the next fiscal year. Account # Description Monthly Annual 002380417-123469510 44991 Storey Creek Boulevard V Lights $2,700 $32,400 Phase 1 - 65 Teardrop Fixtures $1,850 $22,200 Phase 2A - 24 Teardrop Fixtures $700 $8,400 Phase 2B - 55 Teardrop Fixtures $1,600 $19,200 321 Teardrop Fixtures (Future Phases) $9,000 $108,000 Contingency $3,800 Total $194,000 Water & Sewer Represents estimated costs for water services for areas within the District. Account # Description Monthly Annual 002380417-123479770 4400 Storey Creek Boulevard ODD $2,550 $30,600 Contingency $9,000 Total $39,600 6 Storey Creek Community Development District GENERAL FUND BUDGET Landscape Maintenance The District will maintain the landscaping within the common areas, Phases 1, 2A, 2B, 3, 4, 5, 6 & Nature Park, of the District after installation of landscape material has been completed. Description Monthly Annual Landscape Maintenance $33,365 $400,374 Total $400,374 Landscape Contingency Represents estimated costs for any additional landscape expenses not covered under the monthly landscape maintenance contract. Irrigation Repairs Represents estimated costs for any repairs to the irrigation system. Lake Maintenance Represents costs to maintain one large stormwater pond. Amount based on proposal from Applied Aquatic Management, Inc. for initial start-up, monthly maintenance and as needed cleanup/ treatments. Additional ponds expected to come on line in current fiscal year. Description Monthly Annual Pond Maintenance Pond 1 $595 $7,140 Pond 2 (Future) $174 $2,088 Pond 3A (Future) $49 $588 Pond 3B (Future) $77 $924 Pond 3C (Future) $49 $588 Pond 3D (Future) $285 $3,420 Pond 4A (Future) $425 $5,100 Pond 4B (Future) $65 $780 Pond 5 (Future) $94 $1,128 Pond 6 (Future) $40 $480 Pond 7 (Future) $265 $3,180 Contingency $1,284 Total $26,700 Lake Contingency Represents estimated costs for any additional lake expenses not covered under the monthly lake maintenance contract. 7 Storey Creek Community Development District GENERAL FUND BUDGET Doggie Station Maintenance Represents cost for supplies, maintaining and emptying the dogipot stations located within the District. Two additional dogipot stations expected to be installed in current fiscal year. Description Monthly Annual Dogipot Station Maintenance $250 $3,000 Contingency/Supplies $2,000 Total $5,000 Repairs & Maintenance Represents general repairs and maintenance costs that are not budgeted under any other budgeted line item. Walls, Entry & Monuments Represents any costs for repairs or maintenance to the walls, entry and monuments. Contingency Represents any additional field expense that may not have been provided for in the budget. 8 Adopted Actual Projected Total Adopted Budget Thru Next 3 Thru Budget FY2023 6/30/23 Months 9/30/23 FY2024 Revenues Special Assessments $491,331 $492,436 $0 $492,436 $491,331 Interest Income $0 $13,255 $3,000 $16,255 $7,500 Carry Forward Surplus $346,006 $350,365 $0 $350,365 $372,055 Total Revenues $837,337 $856,055 $3,000 $859,055 $870,887 Expenses Interest - 12/15 $159,828 $159,828 $0 $159,828 $157,172 Principal - 12/15 $170,000 $170,000 $0 $170,000 $175,000 Interest - 6/15 $157,122 $157,172 $0 $157,172 $154,438 Total Expenditures $486,950 $487,000 $0 $487,000 $486,609 Excess Revenues/(Expenditures) $350,387 $369,055 $3,000 $372,055 $384,277 Principal - 12/15/2024 $180,000 Interest - 12/15/2024 $154,438 Total $334,438 Net Assessment $491,331 Collection Cost (6%) $31,362 Gross Assessment $522,693 Property Type Units Gross Per Unit Gross Total Single Family 40' 126 $1,040 $131,063 Single Family 50' 264 $1,300 $343,262 Single Family 60' 31 $1,560 $48,368 Total 421 $522,693 Storey Creek Community Development District Fiscal Year 2024 Series 2019 Debt Service Fund 9 Date Balance Principal Interest Annual 12/15/23 $ 7,950,000 $ 175,000 $ 157,171.88 $ 332,171.88 6/15/24 $ 7,775,000 $ - $ 154,437.50 $ - 12/15/24 $ 7,775,000 $ 180,000 $ 154,437.50 $ 488,875.00 6/15/25 $ 7,595,000 $ - $ 151,625.00 $ - 12/15/25 $ 7,595,000 $ 185,000 $ 151,625.00 $ 488,250.00 6/15/26 $ 7,410,000 $ - $ 148,734.38 $ - 12/15/26 $ 7,410,000 $ 190,000 $ 148,734.38 $ 487,468.75 6/15/27 $ 7,220,000 $ - $ 145,290.63 $ - 12/15/27 $ 7,220,000 $ 200,000 $ 145,290.63 $ 490,581.25 6/15/28 $ 7,020,000 $ - $ 141,665.63 $ - 12/15/28 $ 7,020,000 $ 205,000 $ 141,665.63 $ 488,331.25 6/15/29 $ 6,815,000 $ - $ 137,950.00 $ - 12/15/29 $ 6,815,000 $ 215,000 $ 137,950.00 $ 490,900.00 6/15/30 $ 6,600,000 $ - $ 134,053.13 $ - 12/15/30 $ 6,600,000 $ 220,000 $ 134,053.13 $ 488,106.25 6/15/31 $ 6,380,000 $ - $ 130,065.63 $ - 12/15/31 $ 6,380,000 $ 230,000 $ 130,065.63 $ 490,131.25 6/15/32 $ 6,150,000 $ - $ 125,465.63 $ - 12/15/32 $ 6,150,000 $ 240,000 $ 125,465.63 $ 490,931.25 6/15/33 $ 5,910,000 $ - $ 120,665.63 $ - 12/15/33 $ 5,910,000 $ 250,000 $ 120,665.63 $ 491,331.25 6/15/34 $ 5,660,000 $ - $ 115,665.63 $ - 12/15/34 $ 5,660,000 $ 260,000 $ 115,665.63 $ 491,331.25 6/15/35 $ 5,400,000 $ - $ 110,465.63 $ - 12/15/35 $ 5,400,000 $ 270,000 $ 110,465.63 $ 490,931.25 6/15/36 $ 5,130,000 $ - $ 105,065.63 $ - 12/15/36 $ 5,130,000 $ 280,000 $ 105,065.63 $ 490,131.25 6/15/37 $ 4,850,000 $ - $ 99,465.63 $ - 12/15/37 $ 4,850,000 $ 290,000 $ 99,465.63 $ 488,931.25 6/15/38 $ 4,560,000 $ - $ 93,665.63 $ - 12/15/38 $ 4,560,000 $ 300,000 $ 93,665.63 $ 487,331.25 6/15/39 $ 4,260,000 $ - $ 87,665.63 $ - 12/15/39 $ 4,260,000 $ 315,000 $ 87,665.63 $ 490,331.25 6/15/40 $ 3,945,000 $ - $ 81,365.63 $ - 12/15/40 $ 3,945,000 $ 325,000 $ 81,365.63 $ 487,731.25 6/15/41 $ 3,620,000 $ - $ 74,662.50 $ - 12/15/41 $ 3,620,000 $ 340,000 $ 74,662.50 $ 489,325.00 6/15/42 $ 3,280,000 $ - $ 67,650.00 $ - 12/15/42 $ 3,280,000 $ 355,000 $ 67,650.00 $ 490,300.00 6/15/43 $ 2,925,000 $ - $ 60,328.13 $ - 12/15/43 $ 2,925,000 $ 370,000 $ 60,328.13 $ 490,656.25 6/15/44 $ 2,555,000 $ - $ 52,696.88 $ - 12/15/44 $ 2,555,000 $ 385,000 $ 52,696.88 $ 490,393.75 6/15/45 $ 2,170,000 $ - $ 44,756.25 $ - 12/15/45 $ 2,170,000 $ 400,000 $ 44,756.25 $ 489,512.50 6/15/46 $ 1,770,000 $ - $ 36,506.25 $ - 12/15/46 $ 1,770,000 $ 415,000 $ 36,506.25 $ 488,012.50 6/15/47 $ 1,355,000 $ - $ 27,946.88 $ - 12/15/47 $ 1,355,000 $ 435,000 $ 27,946.88 $ 490,893.75 6/15/48 $ 920,000 $ - $ 18,975.00 $ - 12/15/48 $ 920,000 $ 450,000 $ 18,975.00 $ 487,950.00 6/15/49 $ 470,000 $ - $ 9,693.75 $ - 12/15/49 $ 470,000 $ 470,000 $ 9,693.75 $ 489,387.50 Totals $ 7,950,000 $ 5,110,228 $ 13,060,228.13 (Term Bonds Combined) Amortization Schedule Storey Creek Series 2019, Special Assessment Bonds (Area One Project) 10 Proposed Actual Projected Total Adopted Budget Thru Next 3 Thru Budget FY2023 6/30/23 Months 9/30/23 FY2024 Revenues Special Assessments $411,766 $412,127 $0 $412,127 $411,766 Interest Income $0 $10,786 $2,000 $12,786 $5,000 Carry Forward Surplus $134,489 $134,578 $0 $134,578 $170,174 Transfer In $0 $34 $0 $34 $0 Total Revenues $546,255 $557,524 $2,000 $559,524 $586,940 Expenses Interest - 12/15 $134,489 $134,489 $0 $134,489 $158,383 Principal - 12/15 $90,000 $90,000 $0 $90,000 $95,000 Interest - 6/15 $160,318 $160,318 $0 $160,318 $158,383 Transfer Out $0 $3,833 $710 $4,543 $0 Total Expenditures $384,807 $388,640 $710 $389,350 $411,766 Excess Revenues/(Expenditures) $161,448 $168,884 $1,290 $170,174 $175,174 Interest - 12/15/2024 $156,341 Total $156,341 Net Assessment $411,766 Collection Cost (6%) $26,283 Gross Assessment $438,049 Property Type Units Gross Per Unit Gross Total Single Family 40' 70 $1,043 $72,997 Single Family 50' 152 $1,304 $198,134 Single Family 60' 85 $1,560 $132,599 Single Family 70' 22 $1,560 $34,320 Total 329 $438,049 Storey Creek Community Development District Fiscal Year 2024 Debt Service Fund Series 2022 11 Date Balance Principal Interest Annual 12/15/23 $ 6,080,000 $ - $ 158,383.13 $ 158,383.13 6/15/24 $ 6,080,000 $ 95,000 $ 158,383.13 $ - 12/15/24 $ 5,985,000 $ - $ 156,340.63 $ 409,723.75 6/15/25 $ 5,985,000 $ 100,000 $ 156,340.63 $ - 12/15/25 $ 5,885,000 $ - $ 154,190.63 $ 410,531.25 6/15/26 $ 5,885,000 $ 105,000 $ 154,190.63 $ - 12/15/26 $ 5,780,000 $ - $ 151,933.13 $ 411,123.75 6/15/27 $ 5,780,000 $ 110,000 $ 151,933.13 $ - 12/15/27 $ 5,670,000 $ - $ 149,568.13 $ 411,501.25 6/15/28 $ 5,670,000 $ 115,000 $ 149,568.13 $ - 12/15/28 $ 5,555,000 $ - $ 146,693.13 $ 411,261.25 6/15/29 $ 5,555,000 $ 120,000 $ 146,693.13 $ - 12/15/29 $ 5,435,000 $ - $ 143,693.13 $ 410,386.25 6/15/30 $ 5,435,000 $ 125,000 $ 143,693.13 $ - 12/15/30 $ 5,310,000 $ - $ 140,568.13 $ 409,261.25 6/15/31 $ 5,310,000 $ 130,000 $ 140,568.13 $ - 12/15/31 $ 5,180,000 $ - $ 137,318.13 $ 407,886.25 6/15/32 $ 5,180,000 $ 140,000 $ 137,318.13 $ - 12/15/32 $ 5,040,000 $ - $ 133,818.13 $ 411,136.25 6/15/33 $ 5,040,000 $ 145,000 $ 133,818.13 $ - 12/15/33 $ 4,895,000 $ - $ 130,048.13 $ 408,866.25 6/15/34 $ 4,895,000 $ 155,000 $ 130,048.13 $ - 12/15/34 $ 4,740,000 $ - $ 126,018.13 $ 411,066.25 6/15/35 $ 4,740,000 $ 160,000 $ 126,018.13 $ - 12/15/35 $ 4,580,000 $ - $ 121,858.13 $ 407,876.25 6/15/36 $ 4,580,000 $ 170,000 $ 121,858.13 $ - 12/15/36 $ 4,410,000 $ - $ 117,438.13 $ 409,296.25 6/15/37 $ 4,410,000 $ 180,000 $ 117,438.13 $ - 12/15/37 $ 4,230,000 $ - $ 112,758.13 $ 410,196.25 6/15/38 $ 4,230,000 $ 190,000 $ 112,758.13 $ - 12/15/38 $ 4,040,000 $ - $ 107,818.13 $ 410,576.25 6/15/39 $ 4,040,000 $ 200,000 $ 107,818.13 $ - 12/15/39 $ 3,840,000 $ - $ 102,618.13 $ 410,436.25 6/15/40 $ 3,840,000 $ 210,000 $ 102,618.13 $ - 12/15/40 $ 3,630,000 $ - $ 97,158.13 $ 409,776.25 6/15/41 $ 3,630,000 $ 220,000 $ 97,158.13 $ - 12/15/41 $ 3,410,000 $ - $ 91,438.13 $ 408,596.25 6/15/42 $ 3,410,000 $ 235,000 $ 91,438.13 $ - 12/15/42 $ 3,175,000 $ - $ 85,328.13 $ 411,766.25 6/15/43 $ 3,175,000 $ 245,000 $ 85,328.13 $ - 12/15/43 $ 2,930,000 $ - $ 78,743.75 $ 409,071.88 6/15/44 $ 2,930,000 $ 260,000 $ 78,743.75 $ - 12/15/44 $ 2,670,000 $ - $ 71,756.25 $ 410,500.00 6/15/45 $ 2,670,000 $ 275,000 $ 71,756.25 $ - 12/15/45 $ 2,395,000 $ - $ 64,365.63 $ 411,121.88 6/15/46 $ 2,395,000 $ 290,000 $ 64,365.63 $ - 12/15/46 $ 2,105,000 $ - $ 56,571.88 $ 410,937.50 6/15/47 $ 2,105,000 $ 305,000 $ 56,571.88 $ - 12/15/47 $ 1,800,000 $ - $ 48,375.00 $ 409,946.88 6/15/48 $ 1,800,000 $ 320,000 $ 48,375.00 $ - 12/15/48 $ 1,480,000 $ - $ 39,775.00 $ 408,150.00 6/15/49 $ 1,480,000 $ 340,000 $ 39,775.00 $ - 12/15/49 $ 1,140,000 $ - $ 30,637.50 $ 410,412.50 6/15/50 $ 1,140,000 $ 360,000 $ 30,637.50 $ - 12/15/50 $ 780,000 $ - $ 20,962.50 $ 411,600.00 6/15/51 $ 780,000 $ 380,000 $ 20,962.50 $ - 12/15/51 $ 400,000 $ - $ 10,750.00 $ 411,712.50 6/15/52 $ 400,000 $ 400,000 $ 10,750.00 $ 410,750.00 Totals $ 6,080,000 $ 5,973,850 $ 12,053,850 (Term Bonds Combined) Amortization Schedule Storey Creek Series 2022, Special Assessment Bonds (Area Two Project) 12