Community Development District Adopted Budget FY2024 Lake Deer 1-2 3-7 8 9 Table of Contents General Fund General Fund Narrative Debt Service Fund Series 2022 Amortization Schedule Series 2022 Lake Deer Community Development District Adopted Budget General Fund Adopted Actuals Projected Description FBYu2d0g2e3t 5/T3h1r/u23 4 MNoenxtths P9r/oT3jhe0rc/ut2ed3 AFBYduo2dp0gt2ee4td ADRseesvveeeslnsomupeeesnr tCsontributio ns $$ 2 3 8 ,6 -25 $$ 4 0 , 0 -00 $$ 5 0 , 0 -00 $$ 9 0 , 0 -00 $$ 3 5 , 3 -96 Total Revenues $ 238,625 $ 40,000 $ 50,000 $ 90,000 $ 335,396 Expenditures General & Administrative Supervisor Fees 12,000 $ 1,600 $ 4,000 $ 5,600 $ 12,000 $ Engineering 15,000 $ 1,583 $ 2,400 $ 3,983 $ 15,000 $ Attorney 25,000 $ 5,312 $ 4,000 $ 9,312 $ 25,000 $ Annual Audit 4,000 $ 5,400 $ - $ 5,400 $ 6,000 $ Assessment Administration 5,000 $ - $ - $ - $ 5,000 $ Arbitrage 450 $ - $ 450 $ 450 $ 450 $ Dissemination 5,000 $ 3,333 $ 1,667 $ 5,000 $ 5,300 $ Trustee Fees 4,000 $ - $ 4,040 $ 4,040 $ 4,500 $ Management Fees 36,750 $ 24,500 $ 12,250 $ 36,750 $ 38,955 $ 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 $ 20 $ 200 $ 220 $ 1,000 $ Insurance 5,625 $ 5,375 $ - $ 5,375 $ 5,913 $ Copies 1,000 $ 2 $ 20 $ 22 $ 1,000 $ Legal Advertising 15,000 $ - $ 7,500 $ 7,500 $ 5,000 $ Administrative Contingency 5,000 $ 35 $ 152 $ 187 $ 2,768 $ Office Supplies 625 $ 3 $ 120 $ 123 $ 625 $ Dues, Licenses & Subscriptions 175 $ 175 $ - $ 175 $ 175 $ Total General & Administrative 138,625 $ 49,338 $ 37,799 $ 87,136 $ 131,686 $ 1 Lake Deer Community Development District Adopted Budget General Fund Adopted Actuals Projected Description FBYu2d0g2e3t 5/T3h1r/u23 4 MNoenxtths P9r/oT3jhe0rc/ut2ed3 AFBYduo2dp0gt2ee4td Operations & Maintenance Field Expenditures Property Insurance - $ - $ - $ - $ 5,000 $ Field Management - $ - $ - $ - $ 15,000 $ Landscape Maintenancce - $ - $ - $ - $ 42,380 $ Landscape Replacement - $ - $ - $ - $ 5,000 $ Lake Maintenance - $ - $ - $ - $ 5,500 $ Streetlights - $ - $ - $ - $ 7,000 $ Electric - $ - $ - $ - $ 5,000 $ Water & Sewer - $ - $ - $ - $ 5,000 $ Sidewalk & Asphalt Maintenance - $ - $ - $ - $ 2,500 $ Irrigation Repairs - $ - $ - $ - $ 5,000 $ General Repairs & Maintenance - $ - $ - $ - $ 5,000 $ Field Contingency 75,000 $ - $ - $ - $ 20,000 $ Subtotal Field Expenditures 75,000 $ - $ - $ - $ 122,380 $ Expenditures Amenity - Electric - $ - $ - $ - $ 3,600 $ Amenity - Water - $ - $ - $ - $ 1,250 $ Playground Lease 25,000 $ - $ - $ - $ 35,000 $ Internet - $ - $ - $ - $ 750 $ Pest Control - $ - $ - $ - $ 180 $ Janitorial Services - $ - $ - $ - $ 7,500 $ Security Services - $ - $ - $ - $ 20,000 $ Pool Maintenance - $ - $ - $ - $ 5,550 $ Amenity Access Management - $ - $ - $ - $ 1,250 $ Amenity Repairs & Maintenance - $ - $ - $ - $ 1,250 $ Amenity Contingency - $ - $ - $ - $ 5,000 $ Subtotal Amenity Expenditures 25,000 $ - $ - $ - $ 81,330 $ Total Operations & Maintenance 100,000 $ - $ - $ - $ 203,710 $ Total Expenditures 238,625 $ 49,338 $ 37,799 $ 87,136 $ 335,396 $ Excess Revenues/(Expenditures) - $ (9,338) $ 12,201 $ 2,864 $ - $ Gross Assessments 360,641 $ (Less: Discount & Collections 7%) (25,245) $ Net Assessments 335,396 $ Product Assessable Units Net Assessments Net Per Unit Gross Per Unit Single Family 577 $335,396 $581.28 $625.03 577 $335,396 2 Lake Deer Community Development District General Fund Narrative 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: General & 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 Tadtihtreee ncDtdieasdtnr bciceyt 'tash needn B gopinareerdper ao,r fDa Steiuwopnbe erfrvorirsy o mErnso ganinnthdel eytrh iebn ogDa,i prsdtrro imvctide Meetasi nngagegsne,e rrr.ae lv eienwgi nineevroiincge ss earnvdic evsa troio tuhse Dpirsotjreicctts, e a.gs. Attorney daTtihtreee ncDtdeiasdnt rbcieyc tta'hsn edl eB pgoaraelr pdcao oruafn tSisuoepnl,e frKoviril simnosrekse ia ti|nn dVg stah,n ep rWDeipyskatrr, iacpttri oMonva indanaegsd e grree. vnieerwal olef gaaglr eseemrveicnetss , troe stohleu tDioinstsr, icett,c .e a.gs. ATonnh nea unDa ials nAtrnuiucdati tli sb aresiqsu. Tirheed Dbiys tFrliocrt ihdaas S atna taugtreese tmo eanrtr awnigthe fGorra aun & i nAdsesopceinadteesn. t audit of its financial records aATdshsmee siDnsmiissettrenirtc ttA hdhema csio nlcilosetncrttairotainoc tnoe fd n Gono-vaedr nvmaleonretaml aMsasnesasgmemenetn ot nS aelrlv aicseses s–s aCbelen tprraol pFelrotryi dwai,t hLiLnC t,h teo D liesvtyri catn. d Arbitrage STehrei eDsi 2st0r2ic2t bhoans dc oisnsturaanctceed. AMTEC to annually calculate the District’s Arbitrage Rebate Liability on its DGTwhoihsvesic eeDhrmni rsimnetrlaeaitcntiteot sains l t oMre aaqdnudaiirgteeiodmn beaynl trt ehSpeeor Svreitcicneugsr i–rte yCq eaunnirtdre aEmlx eFcnlhotarsni fdgoaer, uLCnLoCrma fmtoerids i sbtisoo Snned tr oiies cssuo 2me0sp2. Tl2yh bwios inctdho siRts usisul eac on1nc5etcr.2 a-c1te2d(b w)(i5th) TTrhues Dteies tFreicets will incur trustee related costs with the issuance of its Series 2022 bond. 3 Lake Deer Community Development District General Fund Narrative p nTAMrohgaetren pe aDaeligrmmieasetmtirtinoeiectdnn tw ,t ratFietloelhc ,e fe iGsinr voeaevcnsoec rrMidnalaim nrngeea npgtoaearnmlt dsMe ,n aattrnn, anaAngucseaccmlor aiuepunntdtitoii nStnseg ,r eaovtnifcc d.e b sAo-Cadremdni tnrmiaslet rFealtotinirvgieds a,s ,e aLrdLvmCic. ieTns hi saets rs aeptriavvreitc eossfe iarnv cMilcuaedns,ea gbbeuumtd aegrneett IR iAtmneedcfppoohrrlbnemeeoms,al eMoetnginiotyctsnar vfotToiasoerronc iftho th nuaOenos f ldfDcoi ocgipsesyttr, r oewitcgcitrt. a hwm Gitmohvi nseugrn cfhmo rea nsf trvaailud Mde oap ncraoognteefmectreieonnntc ,S ineagrcv,c iocclueonsu td–in Csget onsrotarfagtwle Faalronerd,i dtsaaeb rLlvLeetCrs s o,f fo pirno fsmoitreimveetai tnpigoasny, Website Maintenance Su Rmtpeoadptnuariettteoessesr,.in ndtTgsoh ctaeuhnsmeed ec smnoestar tuvisnp icwtleaoisiatn hdii snnG,gc ohl uvothedsertein nDmsgii tesaetnn rtdipac eldt ’rMosf omawrnameaibnags nerimecteene ecnawrtse asSaelestse,rs vwdmi ecieenbns st ais–tc,e cC sboeerancdcutkarrnuaitlcp yesF ,l awoentricidtd.h a f,iC rLheLawCpa tlaels rs mo1ac8ii9na,tt eeFdnlo awrniicdteha, Postage & Delivery T cohrer eDspisotnridcet nicnec, uertsc . charges for mailing of Board meeting agenda packages, overnight deliveries, Insurance TAhlleia Dnciset.r ict’s general liability and public official’s liability insurance coverages with Florida Insurance Copies ePnrivnetlionpge asn, edt cB.i nding agenda packages for board meetings, printing of computerized checks, stationary, Legal Advertising Ta hnee wDissptaripcet ri so rf egqeunierreadl tcoir acduvlaetriotinse. various notices for monthly Board meetings, public hearings, etc. in BaAddamnmkiinn ciihssttarrraagtteiivvsee a Ccnaodtn etaginnoygr eyon. tchye r miscellaneous expenses incurred during the year that do not fit into any Office Supplies lAanbye lssu, pppaplieers cthliapts m, eatcy. need to be purchased during the fiscal year, e.g., paper, minute books, file folders, 4 Lake Deer Community Development District General Fund Narrative 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 Expenditures Property Insurance The District’s estimated property insurance coverages with Florida Insurance Alliance. Field Management Raeumnteidplai rtilyelas sk.a eecn cmtosau tihnnetts ee,n saattintmecnea.td eS dBe rocvoaisrctdes s mo tfoe o einntiscniltguesd f eiae nolddn msrietaecne iainvgseep meacnetndiot rnoefss ,c pmoonentedrta itcnotgs sp f orwori ptthheer ct Doy niosttwrrainccetto rs rupsc,h hmo anosen l aictnaodlrlissnc agan podef Landscape Maintenance tR heep irnessteanlltast tiohne eosf tliamnadtsecda pmea minatteenraianlc hea osf bteheen l acnodmspcaleptiendg. within the common areas of the District after R Laenpdrescsaepnets R tehpel aecsetimmeantte d cost of replacing landscaping within the common areas of the District. Lake Maintenance Represents the estimated costs to maintain the lakes within the District’s boundaries. Streetlights Rtoe bpere isne pnltasc teh ersotuimghaotuedt tchoes tfi tsoc aml yaeinatra. i n street lights within the District Boundaries that are expected Electric Represents estimated electric charges of common areas throughout the District. Water & Sewer RDeisptrreicste. n ts estimated costs for water and refuse services provided for common areas throughout the Sidewalk & Asphalt Maintenance BRoepurnedsaernyt.s the estimated costs of maintaining the sidewalks and asphalt throughout the District’s 5 Lake Deer Community Development District General Fund Narrative Irrigation Repairs Represents the cost of maintaining and repairing the irrigation system. This includes irrigation wells. the sprinklers, and GReenperreasle Rntesp aesirtsim &a Mteadi nctoesntas nfocer general repairs and maintenance of the District’s common areas. Field Contingency dRoe pnroets feint tins tfou nadnsy afileloldc actaetde gtoor eyx. penditures that the District could incur throughout the fiscal year that 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 Lease T he District will enter into a leasing agreement for playgrounds installed in the community. Internet Internet service will be added for use at the Amenity Center. Pest Control The District will incur costs for pest control treatments to its amenity facilities. Janitorial Services Represents estimated costs to provide janitorial services and supplies for the District’s amenity facilities. Security Services fRaecpilriteiseesn. ts the estimated cost of contracting a monthly security service for the District’s amenity Pool Maintenance Represents the estimated costs of regular cleaning and treatments of the District’s pool. Amenity Access Management Rmeopnrietoserinntgs athccee csos stto wthiteh D Gisotvriecrtn’sm aemnetanli tMy afancaiglietimese n t Services – Central Florida LLC of managing and 6 Lake Deer Community Development District General Fund Narrative Amenity Represe nRtesp easitrism &a tMedai cnotesntsa fnocre r epairs and maintenance of the District’s amenity facilities. Amenity Contingency Rdoe pnroets feint tins tfou nadnsy aalmloecnaitteyd c taot eegxopreyn. ditures that the District could incur throughout the fiscal year that 7 Lake Deer Community Development District Adopted Budget Debt Service Fund Series 2022 Proposed Actuals Projected Description FBYu2d0g2e3t 5/T3h1r/u23 4 MNoenxtths P9r/oT3jhe0rc/ut2ed3 AFBYduo2dp0gt2ee4td ICARnasetsreverresyensfsmoutreewsnatsrd Surplus $$$ 46 358549,,,278003113 $$$ 6 25 79 ,, 02 -2081 $$$ 4 8 84 ,, 78 -0033 $$$ 46 358549,,,278003113 $$$ 1 , 05 18 44 ,, -1777 Total Revenues $ 1,179,735 $ 686,229 $ 493,506 $ 1,179,735 $ 1,598,894 Expenditures IIPnnrttieenrrceeipsstta PPl aaPyyammymeennettn --t 01- 150//500/1101 $$$ 14 88 04 ,, 48 -0535 $$$ 14 88 04 ,, 48 -0535 $$$ --- $$$ 14 88 04 ,, 48 -0535 $$$ 244588044,,,088000033 Total Expenditures $ 665,258 $ 665,258 $ - $ 665,258 $ 1,219,606 Net Change in Fund Balance $ 514,477 $ 20,971 $ 493,506 $ 514,477 $ 379,288 Product Assessable Units Maximum Annual Debt Service Net Per Unit Gross Per Unit Single SFianmgilely F -a mPaiilyd Down 145077257 $$$128,0348684,,12,4561077 $$12,,130509..0807 $$12,,245618..6618 8 Lake Deer Community Development District Special Assessment Bonds Series 2022 Amortization Schedule DATE BALANCE PRINCIPAL INTEREST TOTAL 11/01/23 17,750,000.00 $ - $ 484,803.13 $ 484,803.13 $ 05/01/24 17,750,000.00 $ 250,000.00 $ 484,803.13 $ - $ 11/01/24 17,500,000.00 $ - $ 479,178.13 $ 1,213,981.25 $ 05/01/25 17,500,000.00 $ 265,000.00 $ 479,178.13 $ - $ 11/01/25 16,675,000.00 $ - $ 473,215.63 $ 1,217,393.75 $ 05/01/26 16,675,000.00 $ 275,000.00 $ 473,215.63 $ - $ 11/01/26 16,675,000.00 $ - $ 467,028.13 $ 1,215,243.75 $ 05/01/27 16,675,000.00 $ 285,000.00 $ 467,028.13 $ - $ 11/01/27 16,675,000.00 $ - $ 460,615.63 $ 1,212,643.75 $ 05/01/28 16,675,000.00 $ 300,000.00 $ 460,615.63 $ - $ 11/01/28 16,375,000.00 $ - $ 453,115.63 $ 1,213,731.25 $ 05/01/29 16,375,000.00 $ 315,000.00 $ 453,115.63 $ - $ 11/01/29 16,060,000.00 $ - $ 445,240.63 $ 1,213,356.25 $ 05/01/30 16,060,000.00 $ 335,000.00 $ 445,240.63 $ - $ 11/01/30 15,005,000.00 $ - $ 436,865.63 $ 1,217,106.25 $ 05/01/31 15,005,000.00 $ 350,000.00 $ 436,865.63 $ - $ 11/01/31 15,005,000.00 $ - $ 428,115.63 $ 1,214,981.25 $ 05/01/32 15,005,000.00 $ 370,000.00 $ 428,115.63 $ - $ 11/01/32 15,005,000.00 $ - $ 418,865.63 $ 1,216,981.25 $ 05/01/33 15,005,000.00 $ 390,000.00 $ 418,865.63 $ - $ 11/01/33 14,615,000.00 $ - $ 408,140.63 $ 1,217,006.25 $ 05/01/34 14,615,000.00 $ 410,000.00 $ 408,140.63 $ - $ 11/01/34 14,205,000.00 $ - $ 396,865.63 $ 1,215,006.25 $ 05/01/35 14,205,000.00 $ 435,000.00 $ 396,865.63 $ - $ 11/01/35 13,770,000.00 $ - $ 384,903.13 $ 1,216,768.75 $ 05/01/36 13,770,000.00 $ 460,000.00 $ 384,903.13 $ - $ 11/01/36 13,310,000.00 $ - $ 372,253.13 $ 1,217,156.25 $ 05/01/37 13,310,000.00 $ 485,000.00 $ 372,253.13 $ - $ 11/01/37 12,825,000.00 $ - $ 358,915.63 $ 1,216,168.75 $ 05/01/38 12,825,000.00 $ 510,000.00 $ 358,915.63 $ - $ 11/01/38 12,315,000.00 $ - $ 344,890.63 $ 1,213,806.25 $ 05/01/39 12,315,000.00 $ 540,000.00 $ 344,890.63 $ - $ 11/01/39 11,775,000.00 $ - $ 330,040.63 $ 1,214,931.25 $ 05/01/40 11,775,000.00 $ 570,000.00 $ 330,040.63 $ - $ 11/01/40 9,965,000.00 $ - $ 314,365.63 $ 1,214,406.25 $ 05/01/41 9,965,000.00 $ 605,000.00 $ 314,365.63 $ - $ 11/01/41 9,965,000.00 $ - $ 297,728.13 $ 1,217,093.75 $ 05/01/42 9,965,000.00 $ 635,000.00 $ 297,728.13 $ - $ 11/01/42 9,965,000.00 $ - $ 280,265.63 $ 1,212,993.75 $ 05/01/43 9,965,000.00 $ 675,000.00 $ 280,265.63 $ - $ 11/01/43 9,290,000.00 $ - $ 261,281.25 $ 1,216,546.88 $ 05/01/44 9,290,000.00 $ 710,000.00 $ 261,281.25 $ - $ 11/01/44 8,580,000.00 $ - $ 241,312.50 $ 1,212,593.75 $ 05/01/45 8,580,000.00 $ 755,000.00 $ 241,312.50 $ - $ 11/01/45 7,825,000.00 $ - $ 220,078.13 $ 1,216,390.63 $ 05/01/46 7,825,000.00 $ 795,000.00 $ 220,078.13 $ - $ 11/01/46 7,030,000.00 $ - $ 197,718.75 $ 1,212,796.88 $ 05/01/47 7,030,000.00 $ 845,000.00 $ 197,718.75 $ - $ 11/01/47 6,185,000.00 $ - $ 173,953.13 $ 1,216,671.88 $ 05/01/48 6,185,000.00 $ 890,000.00 $ 173,953.13 $ - $ 11/01/48 5,295,000.00 $ - $ 148,921.88 $ 1,212,875.00 $ 05/01/49 5,295,000.00 $ 945,000.00 $ 148,921.88 $ - $ 11/01/49 4,350,000.00 $ - $ 122,343.75 $ 1,216,265.63 $ 05/01/50 4,350,000.00 $ 1,000,000.00 $ 122,343.75 $ - $ 11/01/50 3,350,000.00 $ - $ 94,218.75 $ 1,216,562.50 $ 05/01/51 3,350,000.00 $ 1,055,000.00 $ 94,218.75 $ - $ 11/01/51 2,295,000.00 $ - $ 64,546.88 $ 1,213,765.63 $ 05/01/52 2,295,000.00 $ 1,115,000.00 $ 64,546.88 $ - $ 05/02/52 1,180,000.00 $ - $ 33,187.50 $ 1,212,734.38 $ 05/03/52 1,180,000.00 $ 1,180,000.00 $ 33,187.50 $ 1,213,187.50 $ 17,750,000.00 $ 19,185,950.00 $ 36,935,950.00 $ 9