Saddle Creek Preserve of Polk County
Community Development District

Adopted Budget
FY2024

Table of Contents

1-2	General Fund	

3-7	

General Fund Narrative	

8	

Series 2020 Debt Service Fund	

9-10	

Series 2020 Amortization Schedule	

11	

Series 2022 Debt Service Fund	

12-13	

Series 2022 Amortization Schedule	

14	

Capital Reserve Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2023	5/31/23	4 Months	9/30/23	FY2024	

Revenues						
Assessments - On Roll	$318,629	$319,614	$0	$319,614	$604,543	
Assessments - Direct	$89,772	$67,328	$22,444	$89,772	$0	
Total Revenues	$	408,401	$	386,942	$	22,444	$	409,386	$	604,543	

Expenditures						
Administrative						
Supervisor Fees	$7,200	$2,400	$2,400	$4,800	$7,200	
Engineer Fees	$15,000	$0	$5,000	$5,000	$15,000	
Attorney Fees	$25,000	$3,606	$3,000	$6,606	$25,000	
Annual Audit	$6,000	$0	$7,000	$7,000	$7,500	
Assessment Administration	$5,000	$5,000	$0	$5,000	$5,300	
Dissemination	$7,500	$5,000	$2,500	$7,500	$7,500	
Arbitrage	$900	$0	$900	$900	$900	
Trustee Fees	$8,082	$6,398	$1,684	$8,082	$8,082	
Management Fees	$37,853	$25,235	$12,618	$37,853	$40,124	
Information Technology	$1,800	$1,200	$600	$1,800	$1,800	
Website Maintenance	$1,200	$800	$400	$1,200	$1,200	
Postage & Delivery	$500	$180	$150	$330	$500	
Insurance	$5,822	$5,563	$0	$5,563	$6,397	
Copies	$500	$0	$20	$20	$500	
Legal Advertising	$3,300	$1,820	$1,480	$3,300	$3,500	
Other Current Charges	$2,000	$317	$188	$505	$1,000	
Office Supplies	$400	$12	$10	$22	$100	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Total Administrative	$	128,232	$	57,706	$	37,950	$	95,656	$	131,778	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2023	5/31/23	4 Months	9/30/23	FY2024	

Operations & Maintenance
Field Expenditures
Property Insurance	

$10,000	

$4,987	

$0	

$4,987	

$10,000	
Field Management	$15,750	$5,250	$2,625	$7,875	$16,695	
Landscape Maintenance	$75,000	$37,064	$18,532	$55,596	$90,000	
Landscape Replacement	$8,500	$0	$2,833	$2,833	$25,000	
Mitigation Monitoring	$25,000	$0	$8,333	$8,333	$25,000	
Lake Maintenance	$13,200	$8,800	$4,400	$13,200	$13,200	
Streetlights	$25,000	$13,806	$7,000	$20,806	$45,000	
Electric	$5,000	$2,135	$1,200	$3,335	$5,000	
Water & Sewer	$3,000	$168	$240	$408	$1,000	
Sidewalk & Asphalt Maintenance	$2,500	$0	$833	$833	$2,500	
Irrigation Repairs	$5,000	$1,393	$1,667	$3,060	$7,500	
Lift Station Maintenance	$0	$0	$0	$0	$35,000	
General Repairs & Maintenance	$7,500	$7,204	$3,000	$10,204	$10,000	
Contingency	$5,000	$4,095	$1,500	$7,500	$10,000	
Subtotal Field Expenses	$	200,450	$	84,903	$	52,164	$	138,972	$	295,895	

Amenity Expenditures
Amenity - Electric	

$14,400	

$0	

$4,800	

$4,800	

$14,400	
Amenity - Water	$5,000	$0	$1,667	$1,667	$5,000	
Internet	$3,000	$261	$328	$589	$1,082	
Pest Control	$720	$0	$240	$240	$1,280	
Janitorial Service	$5,400	$0	$1,800	$1,800	$10,200	
Security Services	$15,000	$0	$5,000	$5,000	$15,000	
Pool Maintenance	$16,200	$1,350	$17,900	$19,250	$19,200	
Amenity Repairs & Maintenance	$10,000	$0	$3,333	$3,333	$10,000	
Contingency	$5,000	$0	$1,667	$1,667	$10,000	
Subtotal Amenity Expenditures	$	74,720	$	1,611	$	36,735	$	38,346	$	86,162	
						
Total Operations & Maintenance	$	275,170	$	86,514	$	88,898	$	177,317	$	382,057	

Other Expenditures
Capital Reserves	

$5,000	

$0	

$5,000	

$5,000	

$90,708	
Total Other Expenditures	$	5,000	$	-	$	5,000	$	5,000	$	90,708	
						
Total Expenditures	$	408,402	$	144,220	$	131,848	$	277,973	$	604,543	
						
Excess Revenues/(Expenditures)	$	(0)	$	242,723	$	(109,405)	$	131,413	$	(0)	

Net Assessments	$604,543	
Add: Discounts & Collections 7%		$45,503 	
Gross Assessments		$650,046 	
	Product	ERU's	Assessable Units	ERU/Unit	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 1	Platted	224.00	224	1.00	$318,630	$1,422.45	$1,529.52	
Phase 2	Platted	201.00	201	1.00	$285,913	$1,422.45	$1,529.52	
		425.00	425		$604,543			

REVENUES:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District to pay for operating expenditures during 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.

Engineering

The District's engineer, Todd Amaden, provides general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, Kilinski I Wyk, PLLC, provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

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 is currently contracted with Grau and Associates for these services.

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.

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. This cost is based upon the Series 2020 and Series 2022 bonds. Governmental Management Services-Central Florida, LLC, provides these services.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2020 and 2022 bonds.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc. Governmental Management Services-Central Florida, LLC, provides these services.

Website Maintenance

Represents the 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. Governmental Management Services-Central Florida, LLC, provides these services.

Postage & Delivery

The District incurs charges for mailing overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Copies

Printing agenda materials for board meetings, printing of computerized checks, stationary, envelopes etc.

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

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

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 Expenditures

Property Insurance

The District’s property insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Field Management

Represents the estimated costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. These services are provided by Governmental Management Services-Central Florida, LLC. Services provided include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

The District has contracts with Prince & Sons, Inc. to provide landscaping services throughout the District. These services include mowing, edging, trimming, cleanup, detailing and pruning as well as maintenance of the irrigation systems.

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Mitigation Monitoring

To provide scheduled monitoring of mitigation areas located throughout the District.

Lake Maintenance

The District has contracted with Sitex Aquatics for the care and maintenance of its ponds which includes shoreline grass, brush, and vegetation control.

Streetlights

Represents the cost to maintain streetlights currently in place within the District Boundaries.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

Lift Station Maintenance

Represents the cost of maintaining and repairing the lift station. This includes cost of grinder pumps and remote monitoring of the system.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas. These can include pressure washing, and repairs to fences, monuments, lighting, and other assets.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

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.

Internet

Represents internet service for use at the Amenity Facilities. Services are provided by Spectrum.

Pest Control

The District will incur costs for pest control treatments to its amenity facilities.

Janitorial Services

Represents the estimated costs to provide janitorial services 3 times a week and supplies for the District’s amenity facilities.

Security Services

Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities.

Pool Maintenance

Represents the costs of regular cleaning and treatments of the District’s pool.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Expenditures:

Capital Reserves

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.

Saddle Creek Preserve of Polk County
Community Development District Adopted Budget
Debt Service Fund Series 2020

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
	Description	FY2023	5/31/23	4 Months	9/30/23	FY2024	

Revenues							

Special Assessments	
$	313,500	
$	314,598	
$	-	
$	314,598	
$	313,500	
Interest Income	$	-	$	8,282	$	2,070	$	10,352	$	-	
Carry Forward Surplus	$	107,565	$	108,231	$	-	$	108,231	$	118,531	
Total Revenues	$	421,065	$	431,111	$	2,070	$	433,181	$	432,031	

Expenses
Interest- 12/15	

$	99,825	

$	99,825	

$	-	

$	99,825	

$	98,388	
Principal - 6/15	$	115,000	$	-	$	115,000	$	115,000	$	115,000	
Interest - 6/15	$	99,825	$	-	$	99,825	$	99,825	$	98,388	
Total Expenditures	$	314,650	$	99,825	$	214,825	$	314,650	$	311,775	
						
Excess Revenues/(Expenditures)	$	106,415	$	331,286	$	(212,755)	$	118,531	$	120,256	

*Carry forward less amount in Reserve funds.

Series 2020
Interest - 12/15/24 	$96,950	
Total 	$96,950	

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family - 40'	89	$111,161	$1,250	$1,344	
Single Family - 50'	135	$202,339	$1,500	$1,612	
	224	$313,500			

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

12/15/23	$	5,170,000.00	$	-	$	98,387.50	$	313,212.50	
06/15/24	$	5,170,000.00	$	115,000.00	$	98,387.50	$	-	
12/15/24	$	5,055,000.00	$	-	$	96,950.00	$	310,337.50	
06/15/25	$	5,055,000.00	$	120,000.00	$	96,950.00	$	-	
12/15/25	$	4,935,000.00	$	-	$	95,450.00	$	312,400.00	
06/15/26	$	4,935,000.00	$	120,000.00	$	95,450.00	$	-	
12/15/26	$	4,815,000.00	$	-	$	93,650.00	$	309,100.00	
06/15/27	$	4,815,000.00	$	125,000.00	$	93,650.00	$	-	
12/15/27	$	4,690,000.00	$	-	$	91,775.00	$	310,425.00	
06/15/28	$	4,690,000.00	$	130,000.00	$	91,775.00	$	-	
12/15/28	$	4,560,000.00	$	-	$	89,825.00	$	311,600.00	
06/15/29	$	4,560,000.00	$	135,000.00	$	89,825.00	$	-	
12/15/29	$	4,425,000.00	$	-	$	87,800.00	$	312,625.00	
06/15/30	$	4,425,000.00	$	140,000.00	$	87,800.00	$	-	
12/15/30	$	4,285,000.00	$	-	$	85,700.00	$	313,500.00	
06/15/31	$	4,285,000.00	$	145,000.00	$	85,700.00	$	-	
12/15/31	$	4,140,000.00	$	-	$	82,800.00	$	313,500.00	
06/15/32	$	4,140,000.00	$	150,000.00	$	82,800.00	$	-	
12/15/32	$	3,990,000.00	$	-	$	79,800.00	$	312,600.00	
06/15/33	$	3,990,000.00	$	155,000.00	$	79,800.00	$	-	
12/15/33	$	3,835,000.00	$	-	$	76,700.00	$	311,500.00	
06/15/34	$	3,835,000.00	$	160,000.00	$	76,700.00	$	-	
12/15/34	$	3,675,000.00	$	-	$	73,500.00	$	310,200.00	
06/15/35	$	3,675,000.00	$	165,000.00	$	73,500.00	$	-	
12/15/35	$	3,510,000.00	$	-	$	70,200.00	$	308,700.00	
06/15/36	$	3,510,000.00	$	175,000.00	$	70,200.00	$	-	
12/15/36	$	3,335,000.00	$	-	$	66,700.00	$	311,900.00	
06/15/37	$	3,335,000.00	$	180,000.00	$	66,700.00	$	-	
12/15/37	$	3,155,000.00	$	-	$	63,100.00	$	309,800.00	
06/15/38	$	3,155,000.00	$	190,000.00	$	63,100.00	$	-	
12/15/38	$	2,965,000.00	$	-	$	59,300.00	$	312,400.00	
06/15/39	$	2,965,000.00	$	195,000.00	$	59,300.00	$	-	
12/15/39	$	2,770,000.00	$	-	$	55,400.00	$	309,700.00	
06/15/40	$	2,770,000.00	$	205,000.00	$	55,400.00	$	-	
12/15/40	$	2,565,000.00	$	-	$	51,300.00	$	311,700.00	
06/15/41	$	2,565,000.00	$	215,000.00	$	51,300.00	$	-	
12/15/41	$	2,350,000.00	$	-	$	47,000.00	$	313,300.00	
06/15/42	$	2,350,000.00	$	220,000.00	$	47,000.00	$	-	
12/15/42	$	2,130,000.00	$	-	$	42,600.00	$	309,600.00	
06/15/43	$	2,130,000.00	$	230,000.00	$	42,600.00	$	-	
12/15/43	$	1,900,000.00	$	-	$	38,000.00	$	310,600.00	
06/15/44	$	1,900,000.00	$	240,000.00	$	38,000.00	$	-	

DATE		BALANCE	PRINCIPAL	INTEREST	TOTAL	

12/15/44	
$	
1,660,000.00	
$	-	
$	33,200.00	
$	311,200.00	
06/15/45	$	1,660,000.00	$	250,000.00	$	33,200.00	$	-	
12/15/45	$	1,410,000.00	$	-	$	28,200.00	$	311,400.00	
06/15/46	$	1,410,000.00	$	260,000.00	$	28,200.00	$	-	
12/15/46	$	1,150,000.00	$	-	$	23,000.00	$	311,200.00	
06/15/47	$	1,150,000.00	$	270,000.00	$	23,000.00	$	-	
12/15/47	$	880,000.00	$	-	$	17,600.00	$	310,600.00	
06/15/48	$	880,000.00	$	280,000.00	$	17,600.00	$	-	
12/15/48	$	600,000.00	$	-	$	12,000.00	$	309,600.00	
06/12/49	$	600,000.00	$	295,000.00	$	12,000.00	$	-	
12/15/49	$	305,000.00	$	-	$	6,100.00	$	313,100.00	
06/15/50	$	305,000.00	$	305,000.00	$	6,100.00	$	311,100.00	
			$	5,170,000.00	$	3,332,075.00	$	8,716,900.00	

Saddle Creek Preserve of Polk County
Community Development District Adopted Budget
Debt Service Fund Series 2022

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
	Description	FY2023	5/31/23	4 Months	9/30/23	FY2024	

Revenues							

Special Assessments	$	287,653	$	88,808	
$	198,846	
$	287,653	
$	287,653	
Interest Income	$	-	$	5,069	$	1,267	$	6,336	$	-	
Carry Forward Surplus	$	220,705	$	221,386	$	-	$	221,386	$	206,054	
Total Revenues	$	508,358	$	315,262	$	200,113	$	515,375	$	493,707	

Expenses						
Interest- 12/15	$	90,514	$	90,514	$	-	$	90,514	$	88,808	
Principal - 12/15	$	130,000	$	130,000	$	-	$	130,000	$	110,000	
Interest - 6/15	$	88,808	$	-	$	88,808	$	88,808	$	87,364	
Total Expenditures	$	309,321	$	220,514	$	88,808	$	309,321	$	286,171	
						
Excess Revenues/(Expenditures)	$	199,036	$	94,749	$	111,305	$	206,054	$	207,536	

*Carry forward less amount in Reserve funds.						
				Series 2022 Principal - 12/15/24	
$110,000	
Interest - 12/15/24 	$87,364	
Total 	$197,364	

Product	
Assessable Units	Maximum Annual Debt Service	
Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family - 40'	55	$	68,727	$1,250	$1,344	
Single Family - 50'	146	$	218,926	$1,500	$1,612	
	201	$	287,653			

12/15/23	$	5,025,000.00	$	110	
06/15/24	$	4,915,000.00	$	
12/15/24	$	4,915,000.00	$	110	
06/15/25	$	4,805,000.00	$	
12/15/25	$	4,805,000.00	$	115	
06/15/26	$	4,690,000.00	$	
12/15/26	$	4,690,000.00	$	115	
06/15/27	$	4,455,000.00	$	
12/15/27	$	4,455,000.00	$	120	
06/15/28	$	4,455,000.00	$	
12/15/28	$	4,455,000.00	$	125	
06/15/29	$	4,330,000.00	$	
12/15/29	$	4,330,000.00	$	125	
06/15/30	$	4,205,000.00	$	
12/15/30	$	4,205,000.00	$	130	
06/15/31	$	4,075,000.00	$	
12/15/31	$	4,075,000.00	$	135	
06/15/32	$	3,800,000.00	$	
12/15/32	$	3,800,000.00	$	140	
06/15/33	$	3,800,000.00	$	
12/15/33	$	3,800,000.00	$	145	
06/15/34	$	3,655,000.00	$	
12/15/34	$	3,800,000.00	$	150	
06/15/35	$	3,800,000.00	$	
12/15/35	$	3,655,000.00	$	155	
06/15/36	$	3,655,000.00	$	
12/15/36	$	3,505,000.00	$	160	
06/15/37	$	3,505,000.00	$	
12/15/37	$	3,350,000.00	$	165	
06/15/38	$	3,350,000.00	$	
12/15/38	$	3,190,000.00	$	170	
06/15/39	$	3,190,000.00	$	
12/15/39	$	3,025,000.00	$	175	
06/15/40	$	3,025,000.00	$	
12/15/40	$	2,855,000.00	$	180	
06/15/41	$	2,855,000.00	$	
12/15/41	$	2,680,000.00	$	185	
06/15/42	$	2,315,000.00	$	
12/15/42	$	2,315,000.00	$	190	
06/15/43	$	2,125,000.00	$	
12/15/43	$	2,125,000.00	$	200	
06/15/44	$	1,925,000.00	$	
12/15/44	$	1,925,000.00	$	210	
06/15/45	$	1,715,000.00	$	
12/15/45	$	1,715,000.00	$	215	
06/15/46	$	1,500,000.00	$	
12/15/46	$	1,500,000.00	$	225	
06/15/47	$	1,275,000.00	$	
12/15/47	$	1,275,000.00	$	235	
06/15/48	$	1,040,000.00	$	
12/15/48	$	1,040,000.00	$	245	

$	88,807.50	$	-	
$	87,363.75	$	286,171.25	
$	87,363.75	$	-	
$	85,920.00	$	283,283.75	
$	85,920.00	$	-	
$	84,410.63	$	285,330.63	
$	84,410.63	$	-	
$	82,901.25	$	282,311.88	
$	82,901.25	$	-	
$	81,326.25	$	284,227.50	
$	81,326.25	$	-	
$	79,388.75	$	285,715.00	
$	79,388.75	$	-	
$	77,451.25	$	281,840.00	
$	77,451.25	$	-	
$	75,436.25	$	282,887.50	
$	75,436.25	$	-	
$	73,343.75	$	283,780.00	
$	73,343.75	$	-	
$	71,173.75	$	284,517.50	
$	71,173.75	$	-	
$	68,745.00	$	284,918.75	
$	68,745.00	$	-	
$	66,232.50	$	284,977.50	
$	66,232.50	$	-	
$	63,636.25	$	284,868.75	
$	63,636.25	$	-	
$	60,956.25	$	284,592.50	
$	60,956.25	$	-	
$	58,192.50	$	284,148.75	
$	58,192.50	$	-	
$	55,345.00	$	283,537.50	
$	55,345.00	$	-	
$	52,413.75	$	282,758.75	
$	52,413.75	$	-	
$	49,398.75	$	281,812.50	
$	49,398.75	$	-	
$	46,300.00	$	280,698.75	
$	46,300.00	$	-	
$	42,500.00	$	278,800.00	
$	42,500.00	$	-	
$	38,500.00	$	281,000.00	
$	38,500.00	$	-	
$	34,300.00	$	282,800.00	
$	34,300.00	$	-	
$	30,000.00	$	279,300.00	
$	30,000.00	$	-	
$	25,500.00	$	280,500.00	
$	25,500.00	$	-	
$	20,800.00	$	281,300.00	
$	20,800.00	$	-	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

DATE		BALANCE	PRINCIPAL	INTEREST	TOTAL	

06/15/49	
$	
795,000.00	
$	-	
$	15,900.00	
$	281,700.00	
12/15/49	$	795,000.00	$	255,000.00	$	15,900.00	$	-	
06/15/50	$	540,000.00	$	-	$	10,800.00	$	281,700.00	
12/15/50	$	540,000.00	$	265,000.00	$	10,800.00	$	-	
06/15/51	$	275,000.00	$	-	$	5,500.00	$	281,300.00	
12/15/51	$	275,000.00	$	275,000.00	$	5,500.00	$	280,500.00	
			$	5,025,000.00	$	3,176,278.75	$	8,201,278.75	

Saddle Creek Preserve of Polk County
Community Development District

Adopted Budget Capital Reserve

Description

Adopted Budget
FY2023

Actuals Thru
5/31/23

Projected Next
4 Months

Projected Thru
9/30/23

Adopted Budget
FY2024

REVENUES:

Beginning Fund Balance	$0	$0	$0	$0	$5,000	
TOTAL REVENUES	$	-	$	-	$	-	$	-	$	5,000	

EXPENDITURES:

Lift Station Improvements	

$0	

$0	

$0	

$0	

$47,000	
TOTAL EXPENDITURES	$	-	$	-	$	-	$	-	$	47,000	

OTHER SOURCES/(USES)

Transfer In	

$5,000	

$0	

$5,000	

$5,000	

$90,708	
TOTAL OTHER SOURCES/(USES)	$	5,000	$	-	$	5,000	$	5,000	$	90,708	
						
EXCESS REVENUES	$	5,000	$	-	$	5,000	$	5,000	$	48,708