Storey Drive Community Development District Proposed Budget FY2025 1-2 3-7 8 9 10 Table of Contents General Fund General Fund Narrative Amortization Schedule Series 2022 Debt Service Fund Series 2022 Capital Reserve Fund Storey Drive Community Development District Proposed Budget FY2025 General Fund Adopted Actual FBYu2d0g2e4t 2/T2h9r/u24 7Pr MoNjoeenxctttehds 9Pr/To3jo0etac/tl2e4d PFBrYou2pd0ogs2ee5td Revenues: SCpaerrcyia Fl oArswseasrsdm Seunrtpslus $$ 3 1 3 , 1 3 7 - $$ 3 1 9 , 1 3 4 - $$ 2 , 0 2 6 - $$ 3 2 1 , 1 6 0 - $$ 130103,,140378 Total Revenues $ 313,137 $ 319,134 $ 2,026 $ 321,160 $ 413,545 Expenditures: Administrative: Supervisor Fees 12,000 $ 1,600 $ 3,200 $ 4,800 $ 12,000 $ FICA Expense 918 $ 122 $ 245 $ 367 $ 918 $ Engineering Fees 12,000 $ 413 $ 3,588 $ 4,000 $ 12,000 $ Attorney 25,000 $ 5,851 $ 12,899 $ 18,750 $ 25,000 $ Arbitrage 450 $ - $ 450 $ 450 $ 450 $ Dissemination 3,500 $ 1,458 $ 2,042 $ 3,500 $ 3,500 $ Annual Audit 3,600 $ - $ 3,600 $ 3,600 $ 3,600 $ Trustee Fees 5,000 $ 4,041 $ - $ 4,041 $ 4,050 $ Assessment Administration 5,250 $ 5,250 $ - $ 5,250 $ 5,250 $ Management Fees 36,750 $ 15,313 $ 21,438 $ 36,750 $ 40,000 $ Information Technology 1,800 $ 750 $ 1,050 $ 1,800 $ 1,800 $ Website Maintenance 1,200 $ 500 $ 700 $ 1,200 $ 1,200 $ Telephone 75 $ - $ 25 $ 25 $ 75 $ Postage 500 $ 109 $ 141 $ 250 $ 500 $ Printing & Binding 500 $ 75 $ 75 $ 150 $ 500 $ Insurance 5,915 $ 5,590 $ - $ 5,590 $ 5,915 $ Legal Advertising 2,835 $ 685 $ 1,815 $ 2,500 $ 2,500 $ Other Current Charges 600 $ 87 $ 280 $ 367 $ 600 $ Office Supplies 150 $ 15 $ 35 $ 50 $ 150 $ Dues, Licenses & Subscriptions 175 $ 175 $ - $ 175 $ 175 $ Total Administrative: 118,218 $ 42,033 $ 51,581 $ 93,615 $ 120,183 $ Operations & Maintenance Field Services 7,875 $ 3,281 $ 4,594 $ 7,875 $ 10,000 $ Property Insurance 5,000 $ - $ 2,500 $ 2,500 $ 5,000 $ Electric 3,500 $ - $ - $ - $ 3,500 $ Water & Sewer 20,000 $ - $ - $ - $ 20,000 $ Landscape Maintenance 134,304 $ 40,330 $ 56,462 $ 96,792 $ 134,304 $ Landscape Contingency 2,500 $ - $ 1,250 $ 1,250 $ 2,500 $ Lake Maintenance 8,220 $ 8,925 $ 4,795 $ 13,720 $ 8,467 $ Irrigation Repairs 2,500 $ - $ 1,250 $ 1,250 $ 2,500 $ Pressure Washing 5,000 $ - $ 1,250 $ 1,250 $ 2,500 $ Repairs & Maintenance 3,520 $ - $ 1,250 $ 1,250 $ 3,500 $ Contingency 2,500 $ - $ 1,250 $ 1,250 $ 2,500 $ Total Operations & Maintenance: 194,919 $ 52,536 $ 74,601 $ 127,137 $ 194,771 $ Reserves Capital Reserve Transfer - $ - $ - $ - $ 98,592 $ Total Reserves - $ - $ - $ - $ 98,592 $ Total Expenditures 313,137 $ 94,569 $ 126,182 $ 220,752 $ 413,546 $ Excess Revenues (Expenditures) - $ 224,565 $ (124,156) $ 100,408 $ (0) $ 1 Net Administrative Annual Assessments (Total) $ 120,183 Collection Cost (6%) $7,671 Gross Assessments $127,854 Property Type Units ERU Factor ERUs Gross Per Unit Total Gross SCTioonnwgdlneoh Foammeisly 22705006 001...057005 11725008 $$$123678011...037049 $$$245456,,,222059778...359247 Total 526 348 $125,763.83 Net Maintenance Annual Assessments (Total) $ 194,771 Collection Cost (6%) $12,432 Gross Assessments $207,203 Property Type Units ERU Factor ERUs Gross Per Unit Total Gross SCTioonnwgdlneoh Foammeisly 22705006 001...057005 11725008 $$$245499567...899036 $$$478169,,,237177009...455789 Total 526 348 $207,360.65 Net Administrative & Maintenance Annual Assessments (Platted) $313,137 Collection Cost (6%) $19,987 Gross Assessments $333,124 Property Type Units ERU Factor ERUs Gross Per Unit Total Gross SCTioonnwgdlneoh Foammeisly 22705006 001...057005 11725008 $$$479157778...269345 $$$11624723,0,,55028788.7..15926 Total 526 348 $333,124.48 Storey Drive Community Development District FY 2025 Assessment Charts 2 Storey Drive Community Development District GENERAL FUND BUDGET REVENUES: Assessments The District fpirsocaple yretya rw. it hwinil lt hleev Dyi sat rnicotn i-na odr dvaelro troe pma ys pfoerc itahle a ospseersasmtinegn te xopne nadlli ttuhree sa sdsuersisnmg ethnet EXPENDITURES: Administrative: tSCmmouhee paDeeepttirsiitvnnetirggrsi ,soc 1 nrtd9 oFub0teru ,t eisnoFsi glneo extrhscidsee a eaf dinsS cdt$aa 4mtl, u8yet0eeea0str i,p .n aeglrslo .y wAesam rfo opuran iedt a itcsoh b eBaasocehadr S dou npm e5erm vsiubsoperre rftvooir s rtoehrcese tiavitmete e$n 2dd0einv0go p t1ee2dr FBRIoeCpaArr deEs xoepfn eStnuss ptehe erv Eimsopr lcohyeecrk’ss s. hare of Social Security and Medicare taxes withheld from Engineering Trs aSeenuhvrdpevi e eiDbrcwvieisd isots rftod ioircno sttvc' hsauoe nemi cdnDee gitsnsih ntatersen i,Dec dtrai ,rs, n eetPdr.qogi ucu. vtial saoMtirtsteiai o&onnund aBssag e,ne ppnrcrrn.e oe e jpatentac,rd tLas pLt iCraoes,n psw iaaginrlnlad ebt idreoe npva risfeoo wvrd i imdorefion ccngtoet nghdtel rynab ebcyrto a satlhp redeen c mgiBfiioneceaeatretidirnoi gnnosgsf, Attorney Tgma sehesneeieg tDrninaieslgd tslr e,ai pgcsta rd'els i prsleeaecgrratvaetilcid oce obnsuy atn otnsh dete hlr ,B eeLov aDaietrihwsdat romoiffc , StaL,u gueprn.egeaer. ,mv aEitesdtoneerntnssd aa&annn ddBc eert aheausenod Ddliun isptetir,or eiLncpLsta ,PM ra,a nawtdnioi alonlg t behfreoe. rr p rrmeosoveniadtrihnclhyg 3 Storey Drive Community Development District GENERAL FUND BUDGET Arbitrage The District will contract with an independent certified scAeasrlscveuisclsaemt. e e ntth eB oDnidsstr. iTcth’se DAirsbtirtircatg he asR ecboantter acLtieadb iwlitiyth o pAnuM btTlhiEce Ca cSCceooruriepnsot ar2nat0ti t2oon2 a fnSonpru etachlilaiysl bD TRCoehuisnnelset de rDm 1aiis5lsi sntcFura2lioet-ci1srtoi. 2 dniTs(a b h,r )eLe( Lq5DCu)i s iwfrtoerhridc it cthb hhiy sar tseshe lacerotv eSniscet ecrt auoocr natite dSydde ariwtinieiodstnh 2Ea G0xl c2orhe2vape Snropngretemic niCeagnol tmrAaeslmq sMueisisarssneimomangee entnmott Bsec onofontm rdS psuel.rn yvr iwacteietsdh- M fTAinnhcnaeBn uDecaeiils,a AtHlr uraicedrtcit tloie sry dr e&sq oBuniar raennde asbn,y Pn F.uAlao. lrf oibdraa st hiSsit.sa T tsuhetere vDsi citseot. raircrta hnagse c foonr tarnac itnedde wpeitnhd DeniBt aarutdoilto omf eitos, tT Thrhauets Dtaeriese t Frdeiecepts ow siiltle pda yw aitnhn Turaul strtuees taete U feSeBsa fnokr. t he Series 2022 Special Assessment Bonds A aTsshsseee ssDssmimsteernnitct t Ao dwnm ialilln lc iaosstnsrtearstaisocatnb tleo plervoyp earntyd waditmhiinn itshtee rD tishter iccot.l lection of non-ad valorem Management Fees foFToflho rbe rto ihdaDear id,Ds L tmirsLiteCcrte i tctoithn. apgTsrsh o, ebvc ousidendertg vreMaitcc aeptnser adeignp ecawmlruaietdthnieo t, ,nbG A,u oactvlc leno frouinntn maltinimencngiiatt aeal ldnr e dtMpo Ro,a rerntecaiocngorgedr,m dianienngnng tSu aeanScl erdaer utvtdraiacirtney, s seS-ctCerceri.p vntiticroeansl IFTsapnorlohofefseotr iw rnitdmiDoavatarei, s et lLtii,p roLmtianaCciyb t tTf eloeeidhmrct sahctp soonfl o soevrtclms oiomd gerneyeento elrta aatctictenoitodngen sdfte, o rAa wetndhnidoetc bh iDnpe igr, GsoM tsogreivirccraertvmro’isnsc mmoiensfietfn,o nOcgrtl fmoaffiluoac dretM i ,o sfearnttanoc sura. yadgsge tempe mrseoenstr,et v wcitcShieeoiscrn vh,a i ncianedccsc l-souCeudernenvt etbirnruasgtl, 4 Storey Drive Community Development District GENERAL FUND BUDGET idw FTWnloheoceceblrbuu issdmdiiDttaeeeei, s nsMtLcitrtrL aieuecCi patnp tltfeoeeohrdanrafd a osiscn rn,omc chseaoaot cnsnsc ttcoraienars dcgsatoa saencsndiecad est s wdemwdoit miehtwnh ati isGtnCh,o h rsvaemeepncrotuenenrwmrii ttaoye1l snr8ai,t 9nnwa,gdl e F bafMliosnriaredtinew da mabag alaelSc imtmnkatuetaapnuiinnset ,tsi ene.S ntgeTca r.h tnvheicsceeee , sDus-iCpesredtvrnaiittccretea’sssl, Telephone Telephone and fax machine. Postage Mailing of agenda packages, overnight deliveries, correspondence, etc. Printing & Binding cPhrienctkins,g s taantdio Bnianrdyi,n egn vaegleonpdeas peatcc.k ages for board meetings, printing of computerized Insurance cpTorhoveev riDdaiegsdetr tbiocyt g ’Fso lvogererindneamr Iaenln sltuiaarlba aniglcieteyn Acailelnisad. n pceu b(FliIcA )o.f FfiIcAia slsp elciaiabliilziteys iinn spurroavnicdein cgo ivnesruargaen cies Legal Advertising pTuhbe liDc ihsteraircitn igss ,r eetqcu iinr ead n teow asdpvaepretri soef gveanrieoruasl cniroctuicleasti ofonr. monthly Board meetings, Other Current Charges B ank charges and any other miscellaneous expenses incurred during the year. Office Supplies Miscellaneous office supplies. Dues, Licenses & Subscriptions TOhpep oDritsutrniictty ifso rre $q1u7ir5e. d T thoi sp iasy t haen oannlnyu eaxl pfeeen steo uthned eFrl othriids ac aDteepgaorrtym foern tt hoef DEcisotnriocmt. ic 5 Storey Drive Community Development District GENERAL FUND BUDGET Operations & Maintenance: laFFTwanilhnieodteldrhd irs d ceSDcaosaei,pnrsp vtoteLrirn LciaacedCctns t t doofho r lpasra,s r k mooepcn ooemsnrnititatteyrio n aorftciiwentenelgndda eo n rfmc w pueahi.t tniohSlaine tgeyrGev cmaoiaccvelecelnsosr tunat nomnot dfsei n,ne ccamtolatuntale dtinrleMsad .c oa tBnnsoas aigftoreedrm imnethsneepte etDciSnteiigsortsvnr iiascc,ne td ms-s Creueeecctnhietn irvgaaessl i PRwnreisolpulp rrbeearesnte ycpn eIrtn oscs oveuivsrdetaeirmndac gaebet ye t doF cglooorsvitdesra fn oImrn sethunertaa alnn acngeue Aanllc lciieaosnv. ceera (gFeI Aof) .p FrIoAp esrpteyc iinasliuzreasn icne . pCroovveidraingge E iRrlereipcgrtaretisicoe nnt ms eestetirms,a ettecd. cost of electric services for items such as monument lighting, Water & Sewer eR netprraensceen, tisr reisgtaimteadt teudr cf oasntd o lfa wndatsecra pseinrgv iacreosu fonrd a proenasd sw. ithin the district such as main abTLfaahtsneeedr Dd sic inosanstprt epaic lrMtloa waptiiooinlsnlt ae mlnosaaf f nirlncoatenma di nCs chtaheperer l yam nLaadtksecera iIpanlic n.h gfao wsr iPbthheaiensn e tsch oe1m acponmlde tm2e. do.n Baurdeagse toefd t haem Douisntrt icist Description Monthly Annual LCaonndtisncgaepnec My -a iFnutteunraen Acere -a Psa rtial Phases 1 & 2 $8,066 $$3967,,571922 Total $134,304 Landscape Contingency tRheep mreosnenthtsly e lsatnimdsactaepde c omsatsin ftoern aannyc ea dcodnittiroancatl. landscape expenses not covered under 6 Storey Drive Community Development District GENERAL FUND BUDGET n LpRareeoekppder oeeMsdseaa cnli lnteftsrae oncnmo-aus nptAc /pteot pr lemiaeatdmi nAetqaniutnsa .t fiocu Mr satnoargmewmaetnetr, Irnecte. nfotiro nm opnotnhdlsy. mAmaionutennt ains cbea saendd oans Description Monthly Annual SCPtooonnrtdmi nMwgaeaintnectrye Rn eatnecnet ion Ponds 1 - 4 $685 $8$,222407 Total $8,467 Irrigation Repairs Represents estimated costs for any repairs to the irrigation system. Pressure Washing Represents estimated cost to pressure wash areas within the District boundaries. o RRteehppearrei rbsseu &nd tgMse agteeindnt eelirnnaaeln ricteeep mai. rs and maintenance costs that are not budgeted under any Contingency bRuedpgreest.e nts any additional field expense that may not have been provided for in the TRreapnrsefseern Otsu te x–c Ceasps iftuanl dRse saetr fvies cal year end transferred to the Capital Reserve fund. 7 Storey Drive Community Development District Proposed Budget FY2025 Capital Reserve Fund Adopted Actual FBYu2d0g2e4t 2/T2h9r/u24 P7r MoNjoeenxctttehds P9r/oT3joe0tca/t2le4d PFBrYou2pd0ogs2ee5td Revenues: ITnrtaenrsefsetr In $$ -- $$ -- $$ -- $$ -- $$ 9 68,,050902 Total Revenues $ - $ - $ - $ - $ 104,592 Expenditures: CCaonptiitnalg Oenuctylay $$ -- $$ -- $$ -- $$ -- $$ -- Total Expenditures $ - $ - $ - $ - $ - Excess Revenues (Expenditures) $ - $ - $ - $ - $ 104,592 Fund Balance - Beginning $ - $ - $ - $ - $ - Fund Balance - Ending $ - $ - $ - $ - $ 104,592 8 Storey Drive Community Development District Proposed Budget FY2025 Debt Service Fund Series 2022 Adopted Actual FBYu2d0g2e4t 2/T2h9r/u24 P7r MoNjoeenxctttehds P9r/oT3joe0tca/t2le4d PFBrYou2pd0ogs2ee5td Revenues: ISCnpaterercryiea Fslt oArswseasrsdm Seunrtpslus $$$ 25 103206,,,027016033 $$$ 15 48 967,,,248317139 $$$ 1 33 ,, 40 65 90 - $$$ 15 248279,,,289148138 $$$ 25 103869,,,024017037 Total Revenues $ 748,976 $ 743,523 $ 16,519 $ 760,042 $ 763,690 Expenditures: Series 2022 IIPnnrttieenrrceeipsstta --l 01- 260//611/5515 $$$ 112066566,,,055088011 $$$ 1 6 , 5 8 1 -- $$$ 12 06 56 ,, 05 08 01 - $$$ 112066566,,,055088011 $$$ 112166033,,,099066088 Total Expenditures $ 538,163 $ 166,581 $ 371,581 $ 538,163 $ 537,935 Other Sources/(Uses) Transfer In/(Out) $ - $ (5,403) $ (7,000) $ (12,403) $ (12,000) Total Other Financing Sources (Uses) $ - $ (5,403) $ (7,000) $ (12,403) $ (12,000) Excess Revenues (Expenditures) $ 210,814 $ 571,539 $ (362,062) $ 209,477 $ 213,755 Interest - 12/15/2025 $161,290 Total $161,290 Net Assessment $536,213 Collection Cost (6%) $34,226 Gross Assessment $570,439 Property Type Units Gross Per Unit Gross Total SCTioonnwgdlneoh Foammeily 22705006 $$$118,,17806622 $$$122222036,,,337057089 Total 526 $570,437 9 Date Balance Principal Interest Annual 6/15/24 9,510,000 $ 205,000 $ 166,581.25 $ - $ 12/15/24 9,305,000 $ - $ 163,967.50 $ 535,548.75 $ 6/15/25 9,305,000 $ 210,000 $ 163,967.50 $ - $ 12/15/25 9,095,000 $ - $ 161,290.00 $ 535,257.50 $ 6/15/26 9,095,000 $ 215,000 $ 161,290.00 $ - $ 12/15/26 8,880,000 $ - $ 158,548.75 $ 534,838.75 $ 6/15/27 8,880,000 $ 220,000 $ 158,548.75 $ - $ 12/15/27 8,660,000 $ - $ 155,743.75 $ 534,292.50 $ 6/15/28 8,660,000 $ 225,000 $ 155,743.75 $ - $ 12/15/28 8,435,000 $ - $ 152,368.75 $ 533,112.50 $ 6/15/29 8,435,000 $ 235,000 $ 152,368.75 $ - $ 12/15/29 8,200,000 $ - $ 148,843.75 $ 536,212.50 $ 6/15/30 8,200,000 $ 240,000 $ 148,843.75 $ - $ 12/15/30 7,960,000 $ - $ 145,243.75 $ 534,087.50 $ 6/15/31 7,960,000 $ 245,000 $ 145,243.75 $ - $ 12/15/31 7,715,000 $ - $ 141,568.75 $ 531,812.50 $ 6/15/32 7,715,000 $ 255,000 $ 141,568.75 $ - $ 12/15/32 7,460,000 $ - $ 137,743.75 $ 534,312.50 $ 6/15/33 7,460,000 $ 265,000 $ 137,743.75 $ - $ 12/15/33 7,195,000 $ - $ 133,437.50 $ 536,181.25 $ 6/15/34 7,195,000 $ 270,000 $ 133,437.50 $ - $ 12/15/34 6,925,000 $ - $ 129,050.00 $ 532,487.50 $ 6/15/35 6,925,000 $ 280,000 $ 129,050.00 $ - $ 12/15/35 6,645,000 $ - $ 124,500.00 $ 533,550.00 $ 6/15/36 6,645,000 $ 290,000 $ 124,500.00 $ - $ 12/15/36 6,355,000 $ - $ 119,787.50 $ 534,287.50 $ 6/15/37 6,355,000 $ 300,000 $ 119,787.50 $ - $ 12/15/37 6,055,000 $ - $ 114,912.50 $ 534,700.00 $ 6/15/38 6,055,000 $ 310,000 $ 114,912.50 $ - $ 12/15/38 5,745,000 $ - $ 109,875.00 $ 534,787.50 $ 6/15/39 5,745,000 $ 320,000 $ 109,875.00 $ - $ 12/15/39 5,425,000 $ - $ 104,675.00 $ 534,550.00 $ 6/15/40 5,425,000 $ 330,000 $ 104,675.00 $ - $ 12/15/40 5,095,000 $ - $ 99,312.50 $ 533,987.50 $ 6/15/41 5,095,000 $ 340,000 $ 99,312.50 $ - $ 12/15/41 4,755,000 $ - $ 93,787.50 $ 533,100.00 $ 6/15/42 4,755,000 $ 350,000 $ 93,787.50 $ - $ 12/15/42 4,405,000 $ - $ 88,100.00 $ 531,887.50 $ 6/15/43 4,405,000 $ 365,000 $ 88,100.00 $ - $ 12/15/43 4,040,000 $ - $ 80,800.00 $ 533,900.00 $ 6/15/44 4,040,000 $ 380,000 $ 80,800.00 $ - $ 12/15/44 3,660,000 $ - $ 73,200.00 $ 534,000.00 $ 6/15/45 3,660,000 $ 395,000 $ 73,200.00 $ - $ 12/15/45 3,265,000 $ - $ 65,300.00 $ 533,500.00 $ 6/15/46 3,265,000 $ 410,000 $ 65,300.00 $ - $ 12/15/46 2,855,000 $ - $ 57,100.00 $ 532,400.00 $ 6/15/47 2,855,000 $ 430,000 $ 57,100.00 $ - $ 12/15/47 2,425,000 $ - $ 48,500.00 $ 535,600.00 $ 6/15/48 2,425,000 $ 445,000 $ 48,500.00 $ - $ 12/15/48 1,980,000 $ - $ 39,600.00 $ 533,100.00 $ 6/15/49 1,980,000 $ 465,000 $ 39,600.00 $ - $ 12/15/49 1,515,000 $ - $ 30,300.00 $ 534,900.00 $ 6/15/50 1,515,000 $ 485,000 $ 30,300.00 $ - $ 12/15/50 1,030,000 $ - $ 20,600.00 $ 535,900.00 $ 6/15/51 1,030,000 $ 505,000 $ 20,600.00 $ - $ 12/15/51 525,000 $ - $ 10,500.00 $ 536,100.00 $ 6/15/52 525,000 $ 525,000 $ 10,500.00 $ 535,500.00 $ Totals 9,510,000 $ 5,983,894 $ 15,493,893.75 $ (Term Bonds Combined) Amortization Schedule Series 2022, Special Assessment Bonds Storey Drive 10