Adopted Budget
Fiscal Year 2022

Lakes by the Bay South Community Development District

July 27, 2021

Lakes by the Bay South
Community Development District

TABLE OF CONTENTS

General Fund
Budget	Page 1-3
Reserve Schedule	Page 4
Budget Narrative	Page 5-10

Debt Service Fund

Series 2012A Budget	Page 11
Series 2012A Amortization Schedule	Page 12

Series 2014A Budget	Page 13
Series 2014A Amortization Schedule	Page 14

	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Adopted
Budget	
 Description			 	FY 2021			 	6/30/21			 	3 Months			 	9/30/21			 	FY 2022		
Revenues											
Maintenance Assessments		$1,461,113		$1,441,488		$19,625		$1,461,113		$1,461,113	
Interest Income		$500		$2,589		$125		$2,714		$500	
Rental Income		$5,000		$0		$0		$0		$5,000	
Membership Cards		$0		$1,210		$403		$1,613		$0	
Virtual Guard Passes		$0		$3,155		$1,052		$4,207		$0	
User Fees-Non Resident		$0		$2,010		$670		$2,680		$0	
Gate Damage Income		$0		$3,913		$1,304		$5,217		$0	
Carryforward Surplus		$232,670		$336,252		$0		$336,252		$229,290	
 TOTAL REVENUES			 	$1,699,283  		 	$1,790,617  		 	$23,179  		 	$1,813,796  		 	$1,695,902  	
Expenditures											
Administrative
Supervisor Fees		
$12,000		
$8,400		
$3,000		
$11,400		
$12,000	
FICA Taxes		$918		$643		$230		$873		$918	
Engineering		$11,800		$220		$2,950		$3,170		$6,000	
Arbitrage Calculation		$1,200		$1,200		$0		$1,200		$1,200	
Dissemination		$5,500		$4,125		$1,375		$5,500		$5,500	
Attorney		$45,000		$19,118		$15,000		$34,118		$40,000	
Annual Audit		$4,600		$4,600		$0		$4,600		$4,700	
Trustee Fees		$12,500		$11,247		$0		$11,247		$12,500	
Management Fees		$54,237		$40,678		$13,559		$54,237		$55,864	
Telephone		$200		$0		$50		$50		$200	
Postage		$1,200		$1,060		$300		$1,360		$1,200	
Printing & Binding		$1,500		$1,411		$375		$1,786		$1,500	
Insurance		$12,408		$11,844		$0		$11,844		$13,028	
Legal Advertising		$500		$128		$125		$253		$500	
Other Current Charges		$1,000		$434		$250		$684		$1,000	
Property Taxes		$150		$3		$0		$3		$150	
Office Supplies		$500		$120		$125		$245		$500	
Dues, Licenses & Subscriptions		$175		$175		$0		$175		$175	
Website Maintenance		$3,600		$0		$3,600		$3,600		$3,600	
 TOTAL ADMINISTRATIVE			 	$168,988  		 	$105,406  		 	$40,939  		 	$146,345  		 	$160,536  	
Field											
Field Management		$24,510		$18,383		$6,128		$24,511		$25,246	
Security		$0		$0		$0		$0		$9,180	
General Maintenance		$10,000		$1,085		$8,915		$10,000		$10,000	
Landscape Maintenance		$177,144		$132,858		$44,286		$177,144		$177,144	
Landscape-Extra to Contract		$50,000		$40,230		$12,500		$52,730		$50,000	
Mulch		$17,190		$11,520		$5,670		$17,190		$17,190	
Tree Trimming		$6,480		$0		$6,480		$6,480		$40,000	
Lake Maintenance		$9,600		$7,200		$2,400		$9,600		$19,000	
Lake Debris Removal		$1,000		$0		$250		$250		$1,000	
Mitigation Maintenance		$2,028		$0		$507		$507		$2,028	
Contingency		$20,000		$0		$20,000		$20,000		$20,000	
Pet Stations		$3,000		$0		$750		$750		$0	
Pressure Washing		$13,000		$6,913		$6,087		$13,000		$20,000	
Culvert Inspection		$12,800		$17,800		$0		$17,800		$20,000	
Reserves		$50,000		$25,425		$24,575		$50,000		$50,000	
Holiday Lighting		$27,292		$27,292		$0		$27,292		$27,292	
Special Projects		$30,000		$0		$30,000		$30,000		$30,000	
 TOTAL FIELD			 	$454,044  		 	$288,706  		 	$168,548  		 	$457,254  		 	$518,080  	

 Description			Adopted Budget
 	FY 2021			Actual Thru
 	6/30/21			Projected Next
 	3 Months			Total Projected
 	9/30/21			Adopted Budget
 	FY 2022		
Security Gate Service											
Security (Envera)		$150,000		$108,786		$41,214		$150,000		$150,000	
Security-Roving Guard		$0		$0		$0		$0		$12,000	
Enhanced Security		$146,000		$39,293		$36,500		$75,793		$50,000	
Transponders		$11,475		$0		$2,869		$2,869		$11,475	
Management Fees		$24,000		$18,000		$6,000		$24,000		$24,000	
Gate Repairs & Maintenance		$31,500		$28,929		$7,875		$36,804		$35,000	
Building Repairs & Maintenance		$5,000		$0		$5,000		$5,000		$5,000	
Electric		$8,000		$1,252		$2,000		$3,252		$5,000	
Water		$3,000		$125		$750		$875		$3,000	
Phone & Internet Service		$2,000		$2,692		$500		$3,192		$3,500	
Computer & Supplies		$2,000		$0		$2,000		$2,000		$2,000	
Janitorial Services		$5,000		$420		$1,250		$1,670		$5,000	
Contingency		$40,000		$0		$40,000		$40,000		$12,000	
 TOTAL SECURITY			 	$427,975  		 	$199,497  		 	$145,958  		 	$345,455  		 	$317,975  	

Clubhouse											
Access Control		$3,300		$0		$825		$825		$3,300	
Alarm Monitoring		$2,200		$2,010		$550		$2,560		$2,200	
Pool Monitoring		$15,667		$11,750		$3,917		$15,667		$15,667	
Security-Roving Guard		$15,667		$7,426		$3,917		$11,343		$15,667	
Air Conditioning Maint Contract and Repairs		$2,800		$3,122		$700		$3,822		$5,000	
Fitness Equipment Maintenance and Repairs		$7,500		$6,457		$1,875		$8,332		$11,000	
Electric		$30,000		$11,905		$7,500		$19,405		$30,000	
Insurance		$29,129		$29,129		$0		$29,129		$32,042	
Janitorial Maintenance		$37,018		$28,259		$9,254		$37,513		$42,149	
Janitorial Supplies		$2,750		$0		$688		$688		$5,000	
Landscape Maintenance		$32,750		$23,220		$9,530		$32,750		$32,750	
Landscape Replacement		$5,000		$4,730		$1,250		$5,980		$10,000	
Porter - Handyman		$5,400		$0		$0		$0		$0	
Office Equipment Maintenance		$2,000		$1,319		$500		$1,819		$2,000	
Management Fees		$234,684		$180,945		$58,671		$239,616		$254,728	
Office Supplies/Clubhouse Supplies		$10,000		$7,654		$2,500		$10,154		$10,000	
Pest Control		$1,000		$495		$250		$745		$1,000	
Pool & Spa Maintenance		$50,000		$29,397		$20,603		$50,000		$50,000	
Repairs and Maintenance		$50,000		$37,575		$12,500		$50,075		$50,000	
Special Events		$15,000		$16,134		$3,750		$19,884		$20,000	
Telephone		$7,000		$6,135		$1,750		$7,885		$8,000	
Trash Collection		$1,000		$30		$250		$280		$1,000	
Water & Sewer		$20,000		$6,403		$5,000		$11,403		$20,000	
Window Cleaning/Pressure Cleaning		$10,000		$9,183		$2,500		$11,683		$15,000	
Holiday Lighting		$22,810		$22,704		$0		$22,704		$22,810	
Contingency		$15,000		$15,516		$0		$15,516		$15,000	
Capital Reserve		$20,601		$25,676		$0		$25,676		$25,000	
 TOTAL CLUBHOUSE MAINTENANCE			 	$648,275  		 	$487,174  		 	$148,279  		 	$635,453  		 	$699,312  	
 TOTAL EXPENDITURES			 	$1,699,282  		 	$1,080,783  		 	$503,723  		 	$1,584,506  		 	$1,695,902  	
OTHER FINANCING SOURCES AND USES											
Interfund Transfer		$0		$0		$0		$0		$0	
 TOTAL OTHER FINANCING SOURCES AND USES 		 	$0  		 	$0  		 	$0  		 	$0  		 	$0  	
 EXCESS REVENUES			 	$0  		 	$709,834  		 	($480,544) 		 	$229,290  		 	($0) 	

		FY 2018	FY 2019	FY 2020	FY 2021	FY 2022	
Net Assessment		$1,059,574.68	$1,461,112.54	$1,461,112.54	$1,461,112.54	$1,461,112.54	
Plus Collection Fees & Discounts (5%)		$55,767.09	$76,900.66	$76,900.66	$76,900.66	$76,900.66	
Gross Assessment		$1,115,341.77	$1,538,013.20	$1,538,013.20	$1,538,013.20	$1,538,013.20	
No. of Units		2,295	2,295	2,295	2,295	2,295	
Per Unit Assessment(w/ sw to sw)		$0.00	$0.00	$0.00	$0.00	$0.00	
Per Unit Assessment(w/o sw to sw)		$492.33	$689.08	$689.08	$689.08	$689.08	
Per Unit Assessment(w/o Clubhouse)		$249.73	$446.48	$446.48	$446.48	$446.48	

ADMINISTRATIVE & FIELD OPERATIONS	FY 2021		Adopted FY 2022	
COMMUNITY:		Units		Gross Annual
Per Unit		Gross Annual
TOTAL		Gross Annual
Per Unit		Gross Annual
TOTAL	
THE BREAKERS		97		$249.73		$24,223.81		$249.73		$24,223.81	
THE ENCLAVE		204		$249.73		$50,944.92		$249.73		$50,944.92	
TRELLIS		159		$249.73		$39,707.07		$249.73		$39,707.07	
THE COURTS		420		$249.73		$104,886.60		$249.73		$104,886.60	
THE RESERVE		98		$249.73		$24,473.54		$249.73		$24,473.54	
THE PALMS		224		$249.73		$55,939.52		$249.73		$55,939.52	
THE COVE		269		$249.73		$67,177.37		$249.73		$67,177.37	
THE SHORES		227		$249.73		$56,688.71		$249.73		$56,688.71	
THE SHORES		179		$249.73		$44,701.67		$249.73		$44,701.67	
WATERWAYS		265		$249.73		$66,178.45		$249.73		$66,178.45	
TIDES		153		$249.73		$38,208.69		$249.73		$38,208.69	
TOTAL	2295	$573,130.35	$573,130.35	
		
SECURITY GATE SERVICE	FY 2021		Adopted FY 2022	
COMMUNITY:		Units		Gross Annual
Per Unit		Gross Annual
TOTAL		Gross Annual
Per Unit		Gross Annual
TOTAL	
THE BREAKERS		97		$196.75		$19,084.75		$196.75		$19,084.75	
THE ENCLAVE		204		$196.75		$40,137.00		$196.75		$40,137.00	
TRELLIS		159		$196.75		$31,283.25		$196.75		$31,283.25	
THE COURTS		420		$196.75		$82,635.00		$196.75		$82,635.00	
THE RESERVE		98		$196.75		$19,281.50		$196.75		$19,281.50	
THE PALMS		224		$196.75		$44,072.00		$196.75		$44,072.00	
THE COVE		269		$196.75		$52,925.75		$196.75		$52,925.75	
THE SHORES		227		$196.75		$44,662.25		$196.75		$44,662.25	
THE SHORES		179		$196.75		$35,218.25		$196.75		$35,218.25	
WATERWAYS		265		$196.75		$52,138.75		$196.75		$52,138.75	
TIDES		153		$196.75		$30,102.75		$196.75		$30,102.75	
TOTAL	2295	$451,541.25	$451,541.25	

CLUBHOUSE	FY 2021		Adopted FY 2022	
COMMUNITY:		Units		Gross Annual
Per Unit		Gross Annual
TOTAL		Gross Annual
Per Unit		Gross Annual
TOTAL	
THE BREAKERS		97		$242.60		$23,532.20		$242.60		$23,532.20	
THE ENCLAVE		204		$242.60		$49,490.40		$242.60		$49,490.40	
TRELLIS		159		$242.60		$38,573.40		$242.60		$38,573.40	
THE COURTS		420		$242.60		$101,892.00		$242.60		$101,892.00	
THE RESERVE		98		$242.60		$23,774.80		$242.60		$23,774.80	
THE PALMS		224		$242.60		$54,342.40		$242.60		$54,342.40	
THE COVE		269		$242.60		$65,259.40		$242.60		$65,259.40	
THE SHORES		227		$242.60		$55,070.20		$242.60		$55,070.20	
THE SHORES		0		$0.00		$0.00		$0.00		$0.00	
WATERWAYS		265		$242.60		$64,289.00		$242.60		$64,289.00	
TIDES		153		$242.60		$37,117.80		$242.60		$37,117.80	
TOTAL	2116	$513,341.60	$513,341.60	

COMBINED TOTAL	FY 2021	
COMMUNITY:		Units		Gross Annual
Per Unit		Gross Annual
TOTAL	
THE BREAKERS		97		$689.08		$66,840.76	
THE ENCLAVE		204		$689.08		$140,572.32	
TRELLIS		159		$689.08		$109,563.72	
THE COURTS		420		$689.08		$289,413.60	
THE RESERVE		98		$689.08		$67,529.84	
THE PALMS		224		$689.08		$154,353.92	
THE COVE		269		$689.08		$185,362.52	
THE SHORES		227		$689.08		$156,421.16	
THE SHORES		179/0		$446.48		$79,919.92	
WATERWAYS		265		$689.08		$182,606.20	
TIDES		153		$689.08		$105,429.24	
TOTAL	$1,538,013.20	

Adopted FY 2022	
Gross Annual
Per Unit		Gross Annual
TOTAL	
$689.08		$66,840.76	
$689.08		$140,572.32	
$689.08		$109,563.72	
$689.08		$289,413.60	
$689.08		$67,529.84	
$689.08		$154,353.92	
$689.08		$185,362.52	
$689.08		$156,421.16	
$446.48		$79,919.92	
$689.08		$182,606.20	
$689.08		$105,429.24	
$1,538,013.20	

LAKES BY THE BAY SOUTH COMMUNITY DEVELOPMENT DISTRICT
Exhibit "A"
Allocation of Operating Reserve

Description		Amount	

Beginning Balance - Carry Forward Surplus (As of 10/1/2020)		
$2,020,460	
Estimated Excess Revenues over Expenditures		$229,290	
FY 2021 Field Capital Reserve		$50,000	
FY 2021 Capital Reserve-Clubhouse		$20,601	
Less:
Funding for First Quarter Operating Expenses:	
($383,842)		
Reserved for Field Capital Projects / Renewal and Replacement:	($362,457)		
Reserved for Clubhouse Capital Projects / Renewal and Replacement:	($1,574,052)	($2,320,351) 

Total Undesignated Cash as of 09/30/2021	($0)

REVENUES:

Special Assessments
The District will levy a non ad-valorem special assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year.
EXPENDITURES:
Administrative:

Supervisor Fees
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon the five paid supervisors attending the estimated 12 monthly meetings at $200 per attendance.

FICA Expense
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering Fees
The District's engineer will be providing general engineering services to the District including attendance and preparation for board meetings, etc.

Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District's Series 2012 and Series 2014 Special Assessment Revenue Bonds. Currently the District has contracted Grau & Associates, an independent certified public accounting firm, to calculate the rebate liability and submit a report to the District.

Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)- 12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Attorney
The District's legal counsel will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Trustee Fees
The District issued Series 2012A and Series 2014A Special Assessment Revenue Bonds which are held with a Trustee Wells Fargo Bank, NA. The amount of the trustee fees is based on the agreement between Bank and the District.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida. These services are further outlined in Exhibit "A" of the Management Agreement.

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.

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with 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 that are incurred during the year.

Property Taxes
Property Taxes for property owned by the District.

Office Supplies
Miscellaneous office supplies.

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

Capital Reserve
Funds set aside for future capital improvement use.

Operating Reserve
Operating capital set aside for future use.

Maintenance:

Field Management
The District has contracted with Governmental Management Services for the supervision and on-site management of Lakes by the Bay South Community Development District. Their responsibilities will include reviewing contracts and other maintenance related items.

Security
The District has contracted with Virtual Guard for video surveillance.

Landscaping Maintenance
The District has contracted with Tony’s Nursery & Garden for its annual common area and secondary areas landscape maintenance.

Landscaping Extras
Improvements and replacements of landscaping areas.

Mulch
Fall and Spring replenishment of the mulched areas.

Tree Trimming
Annual trimming of all the Districts trees.

Lake Maintenance
Lake management services that includes monthly inspections and treatment of aquatic weeds and algae, herbiciding, and algae control and removal.

Lake Debris Removal
Removal of lake debris in all District lakes.

Mitigation Maintenance
Maintenance for the mitigation areas that will include herbicide application and hand removal of all exotic vegetation and nuisance native species throughout the District.

Contingency
Unexpected maintenance and repairs.

Pressure Washing
Pressure washing the sidewalks and entrance features.

Web Design / Maintenance
The District has contracted with Governmental Management Services-South Florida for the supervision and maintenance of Lakes by the Bay South Community Development District’s website.

Culvert Cleaning
Annual Storm Drain Cleaning for all Storm Drains throughout the District.

Reserves
Capital funds set aside for future maintenance and replacement of District’s infrastructure.

Holiday Lighting
The District has contracted with Florida CDI, LLC for the annual Holiday Lighting of the District.

Special Projects
Capital projects needed throughout the year.

Security Gate Service:
The District will be servicing the special taxing district for security. Expenditures expected include the following:

Security
Security-Roving Guard
Enhanced Security
Transponders
Management Fees
Gate Repairs & Maintenance
Building Repairs & Maintenance
Electric
Water
Phone & Internet Service
Computer & Supplies
Janitiorial Services
Contingency

Clubhouse Maintenance:

Access Control
Access cards and repairs.

Alarm Monitoring
This line item is the estimated cost for monitoring of the alarm system (security and fire alarm) for the clubhouse.

Pool Monitoring
The District has contracted with Envera for the monitoring or the pool area.

Air Conditioning Maintenance Contract and Repairs
This line item is the estimated cost to maintain and repair the air conditioning system.

Fitness Equipment Maintenance and Repairs
This line item is the estimated cost to maintain and repair the fitness equipment.

Electric
Electricity for Clubhouse and grounds.

Insurance
The District's property insurance is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Janitorial Maintenance
This includes janitorial service and supplies provide per contract.

Janitorial Supplies
Include additional janitorial supplies not provide by contract.

Landscape Maintenance
Maintaining the lawn and plants around the club.

Landscape Replacement
(Includes Mulching) that this line item includes plant replacement and mulching once a year.

Office Equipment
Reflects the maintenance agreement for the copier plus any repairs to other office equipment.

Management Fees
Actual management fees shall be based on the minimum cost of management agreement or $1.75 per Home per month, whichever is greater.

Office Supplies/Clubhouse Supplies
Supplies to run Club and Club Office.

Onsite Club Management Fees
Salary and cost associated with the payroll for the Clubhouse manager.

Pest Control
Preventative maintenance for bugs and rodents.

Pool & Spa Maintenance
Cost to maintain the pool as well as perform any necessary repairs.

Repairs & Maintenance
Items needed to repair and maintain the Clubhouse.

Special Events
Expenses related to Social Events.

Cable/Internet
Estimated cost of cable TV and internet for the Club.

Trash Collection
Cost of trash and recycling removal.

Water & Sewer
Water and sewer cost for the Club.

Window Cleaning/Pressure Cleaning
Cost of window washing and pressure cleaning the paver area.

Holiday Lighting
The District has contracted for CDI Enterprises for the annual Holiday Lighting of the District.

Contingency
Any unscheduled repairs and maintenance that the District should incur during the fiscal year.

Capital Reserve
Funds set aside for a future use to replace any capital item.

Lakes by the Bay South	Debt Service Fund
Community Development District	Series 2012A Special Assessment Revenue Bonds

	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Adopted
Budget	
 Description			 	FY 2021			 	6/30/21			 	3 Months			 	9/30/21			 	FY 2022		
Revenues											
Special Assessments - A Bonds		$1,631,961		$1,610,716		$21,245		$1,631,961		$1,631,961	
Interest Income		$9,500		$142		$47		$189		$9,500	
Carry Forward Surplus (1)		$1,150,303		$1,129,287		$0		$1,129,287		$1,129,549	
     TOTAL REVENUES			 	$2,791,764  		 	$2,740,145  		 	$21,292  		 	$2,761,437  		 	$2,771,010  	
Expenditures											
Series 2012A											
Interest - 11/01		$577,069		$577,069		$0		$577,069		$564,819	
Principal - 11/01		$490,000		$490,000		$0		$490,000		$515,000	
Interest - 05/01		$564,819		$564,819		$0		$564,819		$551,944	
     TOTAL EXPENDITURES			 	$1,631,888  		 	$1,631,888  		 	$0  		 	$1,631,888  		 	$1,631,763  	
EXCESS REVENUES		$1,159,876		$1,108,257		$21,292		$1,129,549		$1,139,247	

11/22 Principal	$	545,000	
11/22 Interest	$	551,944	
  $	1,096,944  
			Gross Annual			
Parcel	Unit Club	Unit Count	Assessment		Total	
A	97	97	$811.06	(3)	$78,672.82	
C	265	265	$811.06	(3)	$214,930.90	
D	204	204	$811.06	(3)	$165,456.24	
E	227	227	$811.06	(3)	$184,110.62	
E	0	179	$9.22		$1,650.38	
F	153	153	$811.06	(3)	$124,092.18	
G	269	269	$811.06	(3)	$218,175.14	
H	159	159	$811.06	(3)	$128,958.54	
I	420	420	$811.06	(3)	$340,645.20	
J	224	224	$811.06	(3)	$181,677.44	
K	 	98		98		$811.06	(3)	 	$79,483.88 	
Total	2116	2295			$1,717,853	
			Discount & Collection Fees (5%)		($85,893)	
			Net Assessment		$1,631,961	

(1) Carry forward surplus is net of the reserve requirement

Lakes by the Bay South	Amortization Schedule
Community Development District	Series 2012A, Special Assessment Bonds (1)

 	DATE		 	BALANCE		 	PRINCIPAL		 	INTEREST		 	TOTAL	

05/01/21	$	20,545,000	$	
11/01/21	$	20,545,000	$	515,00	
05/01/22	$	20,030,000	$	
11/01/22	$	20,030,000	$	545,00	
05/01/23	$	19,485,000	$	
11/01/23	$	19,485,000	$	570,00	
05/01/24	$	18,915,000	$	
11/01/24	$	18,915,000	$	600,00	
05/01/25	$	18,315,000	$	
11/01/25	$	18,315,000	$	630,00	
05/01/26	$	17,685,000	$	
11/01/26	$	17,685,000	$	660,00	
05/01/27	$	17,025,000	$	
11/01/27	$	17,025,000	$	695,00	
05/01/28	$	16,330,000	$	
11/01/28	$	16,330,000	$	730,00	
05/01/29	$	15,600,000	$	
11/01/29	$	15,600,000	$	770,00	
05/01/30	$	14,830,000	$	
11/01/30	$	14,830,000	$	810,00	
05/01/31	$	14,020,000	$	
11/01/31	$	14,020,000	$	855,00	
05/01/32	$	13,165,000	$	
11/01/32	$	13,165,000	$	900,00	
05/01/33	$	12,265,000	$	
11/01/33	$	12,265,000	$	945,00	
05/01/34	$	11,320,000	$	
11/01/34	$	11,320,000	$	995,00	
05/01/35	$	10,325,000	$	
11/01/35	$	10,325,000	$	1,055,00	
05/01/36	$	9,270,000	$	
11/01/36	$	9,270,000	$	1,115,00	
05/01/37	$	8,155,000	$	
11/01/37	$	8,155,000	$	1,180,00	
05/01/38	$	6,975,000	$	
11/01/38	$	6,975,000	$	1,245,00	
05/01/39	$	5,730,000	$	
11/01/39	$	5,730,000	$	1,315,00	
05/01/40	$	4,415,000	$	
11/01/40	$	4,415,000	$	1,390,00	
05/01/41	$	3,025,000	$	
11/01/41	$	3,025,000	$	1,470,00	
05/01/42	$	1,555,000	$	
11/01/42	$	1,555,000	$	1,555,00	

$	564,818.75	$	-	
$	564,818.75	$	1,644,637.50	
$	551,943.75	$	-	
$	551,943.75	$	1,648,887.50	
$	538,318.75	$	-	
$	538,318.75	$	1,646,637.50	
$	524,068.75	$	-	
$	524,068.75	$	1,648,137.50	
$	509,068.75	$	-	
$	509,068.75	$	1,648,137.50	
$	492,531.25	$	-	
$	492,531.25	$	1,645,062.50	
$	475,206.25	$	-	
$	475,206.25	$	1,645,412.50	
$	456,962.50	$	-	
$	456,962.50	$	1,643,925.00	
$	437,800.00	$	-	
$	437,800.00	$	1,645,600.00	
$	417,587.50	$	-	
$	417,587.50	$	1,645,175.00	
$	396,325.00	$	-	
$	396,325.00	$	1,647,650.00	
$	373,881.25	$	-	
$	373,881.25	$	1,647,762.50	
$	350,256.25	$	-	
$	350,256.25	$	1,645,512.50	
$	325,450.00	$	-	
$	325,450.00	$	1,645,900.00	
$	296,843.75	$	-	
$	296,843.75	$	1,648,687.50	
$	266,512.50	$	-	
$	266,512.50	$	1,648,025.00	
$	234,456.25	$	-	
$	234,456.25	$	1,648,912.50	
$	200,531.25	$	-	
$	200,531.25	$	1,646,062.50	
$	164,737.50	$	-	
$	164,737.50	$	1,644,475.00	
$	126,931.25	$	-	
$	126,931.25	$	1,643,862.50	
$	86,968.75	$	-	
$	86,968.75	$	1,643,937.50	
$	44,706.25	$	-	
$	44,706.25	$	1,644,412.50	

- 0.00
- 0.00
- 0.00
- 0.00
- 0.00
- 0.00
- 0.00
- 0.00
- 0.00
- 0.00
- 0.00
- 0.00
- 0.00
- 0.00
- 0.00
- 0.00
- 0.00
- 0.00
- 0.00
- 0.00
- 0.00
- 0.00

 	Total	

  $	20,545,000  

  $ 15,671,812.50  

  $ 36,216,812.50  

(1) Please note that the Series 2012 Special Assessment Revenue Bonds has 5 maturities.

Lakes by the Bay South	Debt Service Fund
Community Development District	Series 2014A Special Assessment Revenue Bonds

	Adopted
Budget	Actual
Thru	Projected
Next		
Total	Adopted
Projected	Budget	
 Description			 	FY 2021		 	6/30/21		 	3 Months			 	9/30/21	     	FY 2022		
Revenues							
Special Assessments - A Bonds		$1,208,092	$1,191,862	$16,230		$1,208,092	$1,208,092	
Interest Income		$0	$68	$23		$91	$0	
Carry Forward Surplus (1)		$512,708	$509,737	$0		$509,737	$523,032	
     TOTAL REVENUES			 	$1,720,800  	 	$1,701,667  	 	$16,253  		
 	$1,717,920	$1,731,124  	
Expenditures							
Series 2014A							
Interest - 11/01		$319,944	$319,944	$0		$319,944	$305,722	
Interest - 05/01		$319,944	$319,944	$0		$319,944	$305,722	
Principal - 05/01		$555,000	$555,000	$0		$555,000	$575,000	
     TOTAL EXPENDITURES			 	$1,194,888  	 	$1,194,888  	 	$0  		 	$1,194,888	$1,186,444  	
EXCESS REVENUES		$525,912	$506,779	$16,253		$523,032	$544,680	
						
11/22 Interest $	290,988	
		Gross Annual A			
Parcel	Unit Count		Assessment	Total		
A	97		$561.88	$54,502.36		
C	265		$561.88	$148,898.20		
D	204		$609.64	$124,366.56		
E	406		$609.64	$247,513.84		
F	153		$609.64	$93,274.92		
G	269		$640.55	$172,307.95		
H	159		$413.92	$65,813.28		
I	420		$438.26	$184,069.20		
J	224		$561.88	$125,861.12		
K	 	98			$561.88	 	$55,064.24 		
Total	2295			$1,271,672		
					
Gross Assessment		$1,271,672			
Less Collection Fees & Discounts (5%) (2)
Gross Assessment		 	($63,579.58) 
$1,208,092			
(1) Carry forward surplus is net of the $125,000 Reserve Requirement.
(2) Includes 4% Discount and 1% Collection Cost.

Lakes by the Bay South	Amortization Schedule
Community Development District	Series 2014A,  Special Assessment Bonds (1)

 	DATE		 	BALANCE		 	PRINCIPAL		 	INTEREST		 	TOTAL	

05/01/21	$	11,590,000	$	555,000.00		$	319,943.75		$	-	
11/01/21	$	11,035,000	$	-		$	305,721.88		$	1,180,665.63	
05/01/22	$	11,035,000	$	575,000.00		$	305,721.88		$	-	
11/01/22	$	10,460,000	$	-		$	290,987.50		$	1,171,709.38	
05/01/23	$	10,460,000	$	610,000.00		$	290,987.50		$	-	
11/01/23	$	9,850,000	$	-		$	275,356.25		$	1,176,343.75	
05/01/24	$	9,850,000	$	670,000.00		$	275,356.25		$	-	
11/01/24	$	9,180,000	$	-		$	258,187.50		$	1,203,543.75	
05/01/25	$	9,180,000	$	710,000.00		$	258,187.50		$	-	
11/01/25	$	8,470,000	$	-		$	238,218.75		$	1,206,406.25	
05/01/26	$	8,470,000	$	740,000.00		$	238,218.75		$	-	
11/01/26	$	7,730,000	$	-		$	217,406.25		$	1,195,625.00	
05/01/27	$	7,730,000	$	790,000.00		$	217,406.25		$	-	
11/01/27	$	6,940,000	$	-		$	195,187.50		$	1,202,593.75	
05/01/28	$	6,940,000	$	840,000.00		$	195,187.50		$	-	
11/01/28	$	6,100,000	$	-		$	171,562.50		$	1,206,750.00	
05/01/29	$	6,100,000	$	890,000.00		$	171,562.50		$	-	
11/01/29	$	5,210,000	$	-		$	146,531.25		$	1,208,093.75	
05/01/30	$	5,210,000	$	935,000.00		$	146,531.25		$	-	
11/01/30	$	4,275,000	$	-		$	120,234.38		$	1,201,765.63	
05/01/31	$	4,275,000	$	990,000.00		$	120,234.38		$	-	
11/01/31	$	3,285,000	$	-		$	92,390.63		$	1,202,625.00	
05/01/32	$	3,285,000	$	1,040,000.00		$	92,390.63		$	-	
11/01/32	$	2,245,000	$	-		$	63,140.63		$	1,195,531.25	
05/01/33	$	2,245,000	$	1,100,000.00		$	63,140.63		$	-	
11/01/33	$	1,145,000	$	-		$	32,203.13		$	1,195,343.75	
05/01/34	$	1,145,000	$	1,145,000.00		$	32,203.13		$	1,177,203.13	
 	Total			  $	11,590,000  		  $	5,134,200.00  		  $ 16,724,200.00  	
(1) Please note that the Series 2014 Special Assessment Revenue Bonds has 2 maturities.