Community Development District Adopted Budget FY2024 Scenic Highway 1-2 3-7 8 9-10 11 Capital Reserve Fund Series 2020 Amortization Schedule Table of Contents General Fund General Fund Narrative Series 2020 Debt Service Fund Scenic Highway Community Development District Adopted Budget General Fund Adopted Actuals Description BFuY2d0ge2t3 5/T3h1r/u23 P4r MoNjeoecnxtttehds 9/TT3oh0tra/ul2 3 AFBdYu2odp0gt2ee4td ARMseissveceesnsllmuaenesenotsus Reve nue $$ 4 1 0 , 3 -40 $$ 4 0 54,,007839 $$ 5 , 2 -67 $$ 4 1 04,,304809 $$ 4 1 0 , 3 -40 Total Revenues $ 410,340 $ 409,162 $ 5,267 $ 414,429 $ 410,340 Expenditures Administrative Supervisor Fees 12,000 $ 2,000 $ 2,000 $ 4,000 $ 12,000 $ Engineering 15,000 $ - $ 5,000 $ 5,000 $ 13,000 $ Attorney 30,000 $ 4,834 $ 4,000 $ 8,834 $ 25,000 $ Annual Audit 3,500 $ - $ 3,500 $ 3,500 $ 3,500 $ Assessment Administration 5,000 $ 5,000 $ - $ 5,000 $ 5,300 $ Arbitrage 450 $ 900 $ - $ 900 $ 450 $ Dissemination 5,000 $ 3,333 $ 1,667 $ 5,000 $ 5,000 $ Trustee Fees 3,550 $ 4,041 $ - $ 4,041 $ 4,041 $ Management Fees 36,750 $ 24,500 $ 12,250 $ 36,750 $ 40,000 $ Information Technology 1,800 $ 1,200 $ 600 $ 1,800 $ 1,800 $ Website Maintenance 1,200 $ 800 $ 400 $ 1,200 $ 1,200 $ Postage & Delivery 1,000 $ 558 $ 200 $ 758 $ 1,000 $ Insurance 6,684 $ 5,988 $ - $ 5,988 $ 6,886 $ Copies 1,000 $ 30 $ 30 $ 60 $ - $ Legal Advertising 5,000 $ 455 $ 2,000 $ 2,455 $ 5,000 $ Other Current Charges 5,000 $ 353 $ 160 $ 513 $ 1,500 $ Office Supplies 625 $ 6 $ 20 $ 26 $ 500 $ Dues, Licenses & Subscriptions 175 $ 175 $ - $ 175 $ 175 $ Total Administrative 133,734 $ 54,174 $ 31,827 $ 86,001 $ 126,352 $ Operations & Maintenance Field Services Property Insurance 10,000 $ 13,224 $ - $ 13,224 $ 19,836 $ Field Management 15,750 $ 10,500 $ 5,250 $ 15,750 $ 16,695 $ Landscape Maintenance 34,040 $ 22,693 $ 11,348 $ 34,041 $ 49,872 $ Landscape Replacement 15,000 $ - $ 4,333 $ 4,333 $ 13,000 $ Streetlights 14,520 $ 8,702 $ 4,440 $ 13,142 $ 14,520 $ Electric 9,240 $ 2,101 $ 1,320 $ 3,421 $ 4,224 $ Water & Sewer 2,400 $ - $ - $ - $ - $ Sidewalk & Asphalt Maintenance 2,500 $ 850 $ 625 $ 1,475 $ 2,500 $ Irrigation Repairs 7,500 $ 2,124 $ 1,000 $ 3,124 $ 7,500 $ General Repairs & Maintenance 10,000 $ 10,070 $ 2,500 $ 12,570 $ 10,000 $ Contingency 7,500 $ 13,629 $ 5,000 $ 18,629 $ 7,500 $ Subtotal Field Services 128,450 $ 83,894 $ 35,816 $ 119,711 $ 145,647 $ 1 Scenic Highway Community Development District Adopted Budget General Fund Adopted Actuals Description BFuY2d0ge2t3 5/T3h1r/u23 P4r MoNjeoecnxtttehds 9/TT3oh0tra/ul2 3 AFBdYu2odp0gt2ee4td Amenity Expenditures JISCPPPAAAAnaeleommmmoantcosneyeeeeiutlttr g nnnnrioCMnnriiiiirotettttogiayyyyynatuei lnSt--RAnn r SetcdecEWoeercypl lnvre&eaaviasctc iisFetnrecr usrecMsi cer&an niMtauagrieenm tLeeennaastnece $$$$$$$$$$$ 1133 0114155789 ,,,,,,,,,, 004704455940008000058500080000026 $$$$$$$$$$$ 112 02513333 ,,,,,,,, 099134591670380357966906700338005 $$$$$$$$$$$ 11 00111226 ,,,,,,,, 040026781350900046806806000007000 $$$$$$$$$$$ 123 1581125566 ,,,,,,,,,, 049011112430380014579202700003580 $$$$$$$$$$$ 1233 0127145778 ,,,,,,,,,, 004822235750008002559200080002448 Subtotal Amenity Expenditures $ 125,476 $ 65,992 $ 37,023 $ 103,015 $ 136,136 Total Operations & Maintenance $ 253,926 $ 149,886 $ 72,839 $ 222,725 $ 281,783 Other Expenditures Capital Reserves - Transfer $ 22,680 $ - $ 22,680 $ 22,680 $ 2,205 Total Other Expenditures $ 22,680 $ - $ 22,680 $ 22,680 $ 2,205 Total Expenditures $ 410,340 $ 204,060 $ 127,346 $ 331,406 $ 410,340 Excess Revenues/(Expenditures) $ - PGAAN$sedre sortd e s A:Uss Ds sn A 2asiisesb0tsc sl5Geoes,rsmu1 Uosn0msent2snsie t Atns&sst ssC$e os ls l me (c1et2ino2tn,s0 779%) $ 83,023 $ $ 1$$ ,44$ 1 143 9 0108 ,,,-.23839248680668 2 Scenic Highway Community Development District General Fund Budget Revenues: Assessments The District will levy a non-ad valorem assessment on all the assessable property order to pay for operating expenditures during the fiscal year. within the District in Expenditures: Administrative: Supervisor Fees C$4h,a8p0t0e rp 1e9r 0y,e Falro priadiad Stota etuactehs S, ualploewrvsi sfoorr feoarc hth Beo taimrde m deevmobteedr ttoo rDeicsetirvicet $ b2u0s0in peesrs manede tminege, tninogt sto. exceed Engineering adTtihtreee ncDtdeiasdnt rbcieyc t t'ashn eed nB gopiarneredpe aorr,f a WStiuoopnoe drf vo&irs oAmrssso oancntihdal tyteh seb, oDparirsodtvr iidmctee sMe gtaiennnagegsre, arrl. e evniegwin eienrvionigc esse ravnicde sv ator iothues Dpirsotrjeicctt,s e a.gs. Attorney daTtihtreee ncDtdeiasdnt rbcieyc tta'hsn edl eB gpoarale rpcdoa oruafn tSsiuoepln, e KfrovEri sLmoarewse atGinnrdgo stuh, pep, rDPeiLpsLatrCria,c ttpi oMronav naidnaegdse rrge. evnieewra lo fle aggarl eseemrveinctess, rtoe stohleu tDioinstsr, iectt,c .e a.gs. ATonnh nea unDa ials nAtrnuiucdati tli sb aresiqsu. MirecdD ibrym Fitl oDraidvais Sptraotuvitdees st oth aersrea snegrev ficoers a. n independent audit of its financial records aATdshsmee siDnsmiisstetrenirct ttA hidsem ccoionnlilstertcrataciottienod no wf nitohn G-aodv vearnlomreemnt aals sMeassnmageenmt oennt a Slle arsvsiceesssa –b lCee pnrtoraple Frtloy rwidiath, iLnL tCh eto D liesvtryi catn. d Arbitrage TDhiset rDicits’tsr Aicrtb witrilalg ceo Rnetrbaactte wLiiatbhi laitny ionnd ietps eSnedrieenst 2 c0e2r0ti fbieodn dpsu. blic accountant to annually calculate the DTSwreehihpsresiioc eeDrhmsti irs2innet0grlaai2 trct0ieteo qsinbsu to iornre eadqmd usdeierinrteiitdoes ns. b.a yGl rothevpee orSnretmcinuegrn irtteyaq l auMnidrae nEmaxgecenhmtasne fngoetr SCueonrmrvaimtceeidsss b–ioo Cnne dtno its rcsaoulm eFspl.o lTyrh iwdisai t,c hoL sLRtCu i slce ob 1ma5specl2de- tu1ep2so( tbnh) et(h5see) TTrhues Dteies tFreicets will incur trustee related costs with the Series 2020 bonds. 3 Scenic Highway Community Development District General Fund Budget Management Fees The District receives Management, Accounting and Administrative services as part pnArogetr peaelirmmaetitinoetdn w , atitlolh , f iGnroeavcnoecrridnalim nrgee nptoaarnlt dsM , aatrnnananguseacmlr aiepuntditoi Stnse ,r eovtifcc .e bso-Caredn trmale Feltoinrgidsa, , aLdLmC. iTnhiset rsaetrivveic eossfe iarnv cMilcuaednse,a gbbeuumtd aegrneett I C ssRntoeeoffnpotrwtrrarmegaaselare eFtnai,l ontostndra i vbTdsaleeaercr,ti hvLosne LufroCsosl or,pc goprmyoso tvse iioetdtifev inisen g tfpsho,ae rysAm edia msotyibposelnte,e mmtMeescinc.h rtnoaotsilooofngt yaO nffofdirc peth,r oeeg tDrca.i smGtrmoivciten rgsnu fmcohre naftrsaa lvu idMd epaonr oactgoeencmtfeieornnet,n acSicencrgov,u iccnletosiun dg– Website Maintenance aRsbecaecccpuokrrruedipstayesn n,a cetnestdc w.t hfGiiertohe vcw eCorahsnltalms pm teaeansristn ao1tlce8 Mina9ata, ennFdcal oegwr,e iumidtpahed nSamttt aeSotsenu,r itdtveooiscrc.ei unTsmg h– ee aCsnneetdn su terpmralvoal iiaFcndleotssar, i iinhdnioacns,l gutL idLnteChg e spa inrtDoedi vs pditderoiermcfsto a’tsrhi mnew sareeneb ncsseeei wrtaevsa isclcseer,ss ews.a mteebedsn ititsne, Postage & Delivery c Tohrer eDspisotnridcet nicnec, uertsc . charges for mailing of Board meeting agenda packages, overnight deliveries, Insurance ITnhseu Drainstcreic At’lsli gaenncee r(aFlI lAia)b. FilIiAty s apnedc ipaulibzelisc ionf fpicrioavl’isd liinagb iinlistyu rinansucera cnocvee croagvee rtaog geo ivs eprrnomviednetda lb ayg tehnec iFelso.r ida Copies Printing agenda items for board meetings, printing of computerized checks, stationary, envelopes, etc. Legal Advertising aT hnee wDissptaripcet ri so rf egqeunierreadl tcoir acduvlaetriotinse. various notices for monthly Board meetings, public hearings, etc. in BOathnekr cChuarrrgeenst aCnhda ragneys o ther miscellaneous expenses incurred during the year. Office Supplies lAanbye lssu, pppaplieers cthliapts m, eatcy need to be purchased during the fiscal year, e.g., paper, minute books, file folders, 4 Scenic Highway Community Development District General Fund Budget Dues, Licenses & Subscriptions The District is required to pay an annual fee to the Florida Department $175. This is the only expense under this category for the District. of Economic Opportunity for Operations & Maintenance: Field Services Property Insurance s Tpheec iDaliisztersic itn’s p rporvoipdeinrtgy i nisnusruarnacnec ec ocvoevraegraeg teo giso vperronvmideendta lb ayg eFnlcoireisd.a Insurance Alliance (FIA). FIA Field Management irmTnehascepne eiDavcgietsei tamornniecdsnt, rtimse o scfep oceonotnintnrdtagr tcasot ce wtpdsri ftowohpri et cthrhot eGny otDorviwasectnrtrnoeicmrrt sp es, hunmoctahnol en aM isct aaloanlrlniasnd gagsen cmdoa pefe nemu tat aSinlieidltsr yl.v a i kaceeccs mo-Cuaeinnntttser, anala tFntelconer.di Sd eaBr,o vLaiLcreCds f mionrec oleuntdisneigt oes n faiseniltdde tSL Rhoaeennp dsrin,es Icssnateacpn.l etltas oM tt iphaoreinno evtoesifdtn ileama nntahcdteees sdcea mpseear imvnitcaeetnesar. niacle h oafs t hbee elann cdosmcapplientge dw. iTthhien Dthiset croicmt mhaosn c aornetarsa cotfe tdh ew Ditihs tPrircitn acfet e&r L Raenpdrescsaepnets R tehpel aecsetimmeantte d cost of replacing landscaping within the common areas of the District. Streetlights R epresents the cost to maintain street lights within the District boundaries. Electric Represents current and estimated electric charges of common areas throughout the District. Sidewalk & Asphalt Maintenance BRoepurnedsaernyt.s the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Irrigation Repairs iRreripgraetsioennt ws tehlles .c ost of maintaining and repairing the irrigation system. This includes the sprinklers, and Description Monthly Annually Landscape Maintenance $4,156 $49,872 Total $49,872 5 Scenic Highway Community Development District General Fund Budget General R eprese Rntesp aesirtsim &a Mteadi nctoesntas nfocer general repairs and maintenance of the District’s common areas. Contingency nRoetp friet sienntots a fnuyn fdise ladl lcoactaetgeodr yto. expenses that the District could incur throughout the fiscal year that do Amenity Expenditures Amenity - Electric Represents estimated electric charges for the District’s amenity facilities. Amenity – Water Represents estimated water charges for the District’s amenity facilities. Playground & Furniture Lease f Tuhren iDtuirsetr iincts thalalse de innt ethreed c oinmtmo uan lietya.s ing agreement with 83 Holdings, LLC for playground and pool Internet Represents internet services used at the Amenity Center. Pest Control The District incurs costs for pest control treatments to its amenity facilities. Janitorial Services pRreopvriedseedn tbsy t hCeS Sc oCsletsa nto S ptaror vSiedrev ijcaensit oofr iCael nsterravli Fcelosr fiodra t, hInec D. istrict’s amenity facilities. These services are Security Services Rmeapinretasiennitnsg t sheec eusrtiitmy asytesdte cmoss ti no fp mlaocne.t hSelyr vsiecceusr aitrye sperrovvicidees dfo bry t hSeec Duirsittrai’cst. ’s amenity facilities as well as Description Monthly Annually Playground & Furniture Lease $2,624 $31,488 Total $31,488 Description Monthly Annually Janitorial Services $725 $8,700 Total $8,700 6 Scenic Highway Community Development District General Fund Budget Pool Maintenance The district is contracted with Resort Pool Services for regular cleaning and pool. treatments of the District’s Amenity Access Management p Rreopvriedseedn tbsy t Gheo vceorsnt mofe nmtaanl Magainnga gaenmde mnto Sneitrovricinegs –a cCceensstr taol Fthloer Didias,t rLiLcCt’.s amenity facilities. Services are Amenity Repairs & Maintenance Represents estimated costs for repairs and maintenance of the District’s amenity facilities. Contingency n Roetp friet sienntots a fnuyn adms aelnloitcya cteadte tgoo reyx.p enses that the District could incur throughout the fiscal year that do Other Expenditures: Capital Reserves - Transfer tFhurnodusg hcooullet cthteed D aisntdr icrte.s erved for the replacement of and/or purchase of new capital improvements Description Monthly Annually Pool Maintenance $1,650 $19,800 Total $19,800 7 Scenic Highway Community Development District Adopted Budget Series 2020 Debt Service Fund Adopted Actuals Description BFuY2d0ge2t3 5/T3h1r/u23 P4r MoNjeoecnxtttehds 9/TT3oh0tra/ul2 3 AFBdYu2odp0gt2ee4td ISCRnpaeterverceryinea Fsul toAersswseasrsdm Seunr tpslus $$$ 14 55 39 ,, 79 -0109 $$$ 34 581456,,,084468881 $$$ 45 ,, 18 -2501 $$$ 34 582590,,,896140892 $$$ 14 57 79 ,, 19 -1609 Total Revenues $ 613,619 $ 856,397 $ 9,972 $ 866,369 $ 637,079 Expenditures IIPnnrttineerrceeipssatt lEE Exxxpppeeennnsseese -- -15 5/1/11 $$$ 111446099,,,066022055 $$$ 111446099,,,066022055 $$$ --- $$$ 111446099,,,066022055 $$$ 111446577,,,044022055 Total Expenditures $ 459,250 $ 459,250 $ - $ 459,250 $ 459,850 Other Financing Sources/(Uses) Transfer In/Out $ - $ (229,959) $ - $ (229,959) $ - Total Other Financing Sources/(Uses) $ - $ (229,959) $ - $ (229,959) $ - Excess Revenues/(Expenditures) $ 154,369 $ 167,188 $ 9,972 $ 177,160 $ 177,229 Interest Expense 11/1/24 $ 145,156 Total $ 145,156 Product Assessable Units Maximum Annual Debt Service Net Assessment Per Unit Gross Assessment Per Unit Single Family 336688 $$ 445599,,991199 $1,250 $1,344 8 Scenic Highway Community Development District Series 2020 Special Assessment Bonds Amortization Schedule Date Balance Prinicpal Interest Total 11/01/23 7,805,000.00 $ - $ 147,425.00 $ 457,050.00 $ 05/01/24 7,805,000.00 $ 165,000.00 $ 147,425.00 $ - $ 11/01/24 7,640,000.00 $ - $ 145,156.25 $ 457,581.25 $ 05/01/25 7,640,000.00 $ 170,000.00 $ 145,156.25 $ - $ 11/01/25 7,470,000.00 $ - $ 142,818.75 $ 457,975.00 $ 05/01/26 7,470,000.00 $ 175,000.00 $ 142,818.75 $ - $ 11/01/26 7,295,000.00 $ - $ 139,975.00 $ 457,793.75 $ 05/01/27 7,295,000.00 $ 180,000.00 $ 139,975.00 $ - $ 11/01/27 7,115,000.00 $ - $ 137,050.00 $ 457,025.00 $ 05/01/28 7,115,000.00 $ 185,000.00 $ 137,050.00 $ - $ 11/01/28 6,930,000.00 $ - $ 134,043.75 $ 456,093.75 $ 05/01/29 6,930,000.00 $ 195,000.00 $ 134,043.75 $ - $ 11/01/29 6,735,000.00 $ - $ 130,875.00 $ 459,918.75 $ 05/01/30 6,735,000.00 $ 200,000.00 $ 130,875.00 $ - $ 11/01/30 6,535,000.00 $ - $ 127,625.00 $ 458,500.00 $ 05/01/31 6,535,000.00 $ 205,000.00 $ 127,625.00 $ - $ 11/01/31 6,330,000.00 $ - $ 123,781.25 $ 456,406.25 $ 05/01/32 6,330,000.00 $ 215,000.00 $ 123,781.25 $ - $ 11/01/32 6,115,000.00 $ - $ 119,750.00 $ 458,531.25 $ 05/01/33 6,115,000.00 $ 220,000.00 $ 119,750.00 $ - $ 11/01/33 5,895,000.00 $ - $ 115,625.00 $ 455,375.00 $ 05/01/34 5,895,000.00 $ 230,000.00 $ 115,625.00 $ - $ 11/01/34 5,665,000.00 $ - $ 111,312.50 $ 456,937.50 $ 05/01/35 5,665,000.00 $ 240,000.00 $ 111,312.50 $ - $ 11/01/35 5,425,000.00 $ - $ 106,812.50 $ 458,125.00 $ 05/01/36 5,425,000.00 $ 250,000.00 $ 106,812.50 $ - $ 11/01/36 5,175,000.00 $ - $ 102,125.00 $ 458,937.50 $ 05/01/37 5,175,000.00 $ 260,000.00 $ 102,125.00 $ - $ 11/01/37 4,915,000.00 $ - $ 97,250.00 $ 459,375.00 $ 05/01/38 4,915,000.00 $ 270,000.00 $ 97,250.00 $ - $ 11/01/38 4,645,000.00 $ - $ 92,187.50 $ 459,437.50 $ 05/01/39 4,645,000.00 $ 280,000.00 $ 92,187.50 $ - $ 11/01/39 4,365,000.00 $ - $ 86,937.50 $ 459,125.00 $ 05/01/40 4,365,000.00 $ 290,000.00 $ 86,937.50 $ - $ 11/01/40 4,075,000.00 $ - $ 81,500.00 $ 458,437.50 $ 05/01/41 4,075,000.00 $ 300,000.00 $ 81,500.00 $ - $ 11/01/41 3,775,000.00 $ - $ 75,500.00 $ 457,000.00 $ 05/01/42 3,775,000.00 $ 315,000.00 $ 75,500.00 $ - $ 11/01/42 3,460,000.00 $ - $ 69,200.00 $ 459,700.00 $ 05/01/43 3,460,000.00 $ 325,000.00 $ 69,200.00 $ - $ 11/01/43 3,135,000.00 $ - $ 62,700.00 $ 456,900.00 $ 9 Scenic Highway Community Development District Series 2020 Special Assessment Bonds Amortization Schedule Date Balance Prinicpal Interest Total 05/01/44 3,135,000.00 $ 340,000.00 $ 62,700.00 $ - $ 11/01/44 2,795,000.00 $ - $ 55,900.00 $ 458,600.00 $ 05/01/45 2,795,000.00 $ 355,000.00 $ 55,900.00 $ - $ 11/01/45 2,440,000.00 $ - $ 48,800.00 $ 459,700.00 $ 05/01/46 2,440,000.00 $ 365,000.00 $ 48,800.00 $ - $ 11/01/46 2,075,000.00 $ - $ 41,500.00 $ 455,300.00 $ 05/01/47 2,075,000.00 $ 380,000.00 $ 41,500.00 $ - $ 11/01/47 1,695,000.00 $ - $ 33,900.00 $ 455,400.00 $ 05/01/48 1,695,000.00 $ 400,000.00 $ 33,900.00 $ - $ 11/01/48 1,295,000.00 $ - $ 25,900.00 $ 459,800.00 $ 05/01/49 1,295,000.00 $ 415,000.00 $ 25,900.00 $ - $ 11/01/49 880,000.00 $ - $ 17,600.00 $ 458,500.00 $ 05/01/50 880,000.00 $ 430,000.00 $ 17,600.00 $ - $ 11/1/50 450,000.00 $ - $ 9,000.00 $ 456,600.00 $ 5/1/51 450,000.00 $ 450,000.00 $ 9,000.00 $ 459,000.00 $ 7,965,000.00 $ 5,463,750.00 $ 13,735,506.25 $ 10 Scenic Highway Community Development District Adopted Budget Capital Reserve Fund Adopted Actuals Description BFuY2d0ge2t3 5/T3h1r/u23 P4r MoNjeoecnxtttehds 9/TT3oh0tra/ul2 3 AFBdYu2odp0gt2ee4td CRaervreyn Fuoersward Sur plus $ - $ - $ - $ - $ 22,680 Total Revenues $ - $ - $ - $ - $ 22,680 Expenditures Capital Outlay $ - $ - $ - $ - $ - Total Expenditures $ - $ - $ - $ - $ - Other Financing Sources/(Uses) Transfer In/(Out) $ 22,680 $ - $ 22,680 $ 22,680 $ 2,205 Total Other Financing Sources/(Uses) $ 22,680 $ - $ 22,680 $ 22,680 $ 2,205 Excess Revenues/(Expenditures) $ 22,680 $ - $ 22,680 $ 22,680 $ 24,885 11