Preston Cove Community Development District Adopted Budget FY2027 1-2 3-7 8 9-10 Amortization Schedule - Series 2022 Table of Contents General Fund General Fund Narrative Debt Service Fund - Series 2022 Adopted Actuals Projected Description FBYu2d0g2e6t 7/T3h1r/u26 2 MNoenxtths P9r/To3jhe0rc/ut2e6d AFBdYuo2dp0gt2ee7dt ICAADRMnasseeitsssrvveeecreer ssylnRessofsmmueoptvre eeew-esr nnSn aCttBurssodA--enOD Stnirru eiRrbcpoutlltulios ns $$$$$$ 23 485 383 ,,,585 ---567063 $$$$$$ 3 9 125 6099 ,,,, 5036 - 9235362670 $$$$$$ 2 41 ,, 52 ----1070 $$$$$$ 3 9155 6139 ,,,, 5358 - 9237 362370 $$$$$$ 16 58 175 ,,, 490 ---290380 Total Revenues $ 685,989 $ 495,641 $ 25,717 $ 521,358 $ 844,420 Expenditures General & Administrative Supervisor Fees 12,000 $ - $ - $ - $ 12,000 $ FICA Expense 918 $ - $ - $ - $ 918 $ Engineering Fees 15,000 $ 20,578 $ 4,116 $ 24,694 $ 15,000 $ Attorney Fees 25,000 $ 31,999 $ 6,400 $ 38,399 $ 25,000 $ Annual Audit 4,300 $ 4,300 $ - $ 4,300 $ 4,300 $ Assessment Administration 5,732 $ 5,732 $ - $ 5,732 $ 6,019 $ Arbitrage 450 $ - $ 450 $ 450 $ 450 $ Dissemination Fees 5,408 $ 4,507 $ 902 $ 5,409 $ 5,678 $ Trustee Fees 4,500 $ 4,276 $ - $ 4,276 $ 4,500 $ Management Fees 41,200 $ 34,333 $ 6,866 $ 41,199 $ 43,260 $ Information Technology 1,947 $ 1,623 $ 324 $ 1,947 $ 2,044 $ Website Maintenance 1,298 $ 1,082 $ 216 $ 1,298 $ 1,363 $ Telephone 300 $ - $ 50 $ 50 $ 300 $ Postage & Delivery 800 $ 257 $ 128 $ 385 $ 800 $ Insurance 6,456 $ 6,163 $ - $ 6,163 $ 6,779 $ Printing & Binding 700 $ - $ 50 $ 50 $ 700 $ Legal Advertising 8,000 $ 931 $ 1,500 $ 2,431 $ 8,000 $ Other Current Charges 2,200 $ 892 $ 96 $ 988 $ 2,200 $ Office Supplies 500 $ 8 $ 50 $ 58 $ 500 $ Dues, Licenses & Subscriptions 175 $ 175 $ - $ 175 $ 175 $ Total General & Administrative 136,883 $ 116,856 $ 21,147 $ 138,003 $ 139,986 $ Preston Cove Community Development District Adopted Budget General Fund Adopted Actuals Projected Description FBYu2d0g2e6t 7/T3h1r/u26 2 MNoenxtths P9r/To3jhe0rc/ut2e6d AFBdYuo2dp0gt2ee7dt Preston Cove Community Development District Adopted Budget General Fund Operations & Maintenance Field Expenditures Field Management 16,223 $ 13,519 $ 2,704 $ 16,223 $ 17,034 $ Landscape Maintenance 140,000 $ 116,816 $ 22,000 $ 138,816 $ 190,000 $ Landscape Contingency 16,590 $ 17,222 $ 2,000 $ 19,222 $ 30,000 $ Lake Maintenance 13,000 $ 9,500 $ 1,900 $ 11,400 $ 16,000 $ Streetlights 93,900 $ 131 $ 38,332 $ 38,463 $ 93,900 $ Electric 5,000 $ - $ 2,500 $ 2,500 $ 5,000 $ Water & Sewer 3,000 $ 5,274 $ 1,055 $ 6,329 $ 5,500 $ Sidewalk & Asphault Maintenance - $ - $ - $ - $ 5,000 $ Irrigation Repairs 6,000 $ 3,620 $ 1,000 $ 4,620 $ 10,000 $ Irrigation - Usage 30,000 $ 47,886 $ 9,577 $ 57,463 $ 85,000 $ General Repairs & Maintenance 20,000 $ - $ 2,000 $ 2,000 $ 20,000 $ Contingency 6,273 $ - $ 1,000 $ 1,000 $ 5,000 $ Subtotal Field Expenditures 349,986 $ 213,968 $ 84,068 $ 298,036 $ 482,434 $ Amenity Expenditures Staffing 75,000 $ 8,841 $ 1,768 $ 10,609 $ 75,000 $ Property Insurance 20,000 $ 6,930 $ - $ 6,930 $ 20,000 $ Amenity - Electric 15,000 $ 5,794 $ 1,159 $ 6,953 $ 15,000 $ Amenity - Water 6,000 $ 1,752 $ 350 $ 2,102 $ 6,000 $ Dues, License, Permits 500 $ 375 $ - $ 375 $ 500 $ Cable/Internet 2,400 $ - $ - $ - $ - $ Pest Control 720 $ - $ 300 $ 300 $ 3,500 $ Janitorial Services 12,000 $ 7,741 $ 1,800 $ 9,541 $ 15,000 $ Security Services 5,000 $ 15,657 $ 240 $ 15,897 $ 15,000 $ Pool Mainteance 20,000 $ 15,585 $ 2,700 $ 18,285 $ 27,000 $ Amenity Repairs & Maintenance 15,000 $ 4,204 $ 2,000 $ 6,204 $ 15,000 $ Special Events 7,500 $ - $ 1,000 $ 1,000 $ 7,500 $ Holiday Decorations 10,000 $ - $ 2,000 $ 2,000 $ 12,500 $ Contingency 10,000 $ 3,990 $ 798 $ 4,788 $ 10,000 $ Subtotal Amenity Expenditures 199,120 $ 70,869 $ 14,115 $ 84,984 $ 222,000 $ Total Operations & Maintenance 549,106 $ 284,837 $ 98,183 $ 383,020 $ 704,434 $ Total Expenditures 685,989 $ 401,693 $ 119,331 $ 521,024 $ 844,420 $ Excess Revenues/(Expenditures) (0) $ 93,948 $ (93,614) $ 334 $ - $ Net Assessments 681,993 $ Add: Discounts & Collections 6% 43,531 $ Gross Assessments 725,524 $ FY27 Product Assessable Units ERU Total ERU's Net Assessment Net Per Unit (6%) Gross Per Unit Townhouse 218 0.75 163.50 $ 203,293 $ 932.54 $ 992.06 Single Family 385 1.00 385.00 $ 478,700 $ 1,243.38 $ 1,322.74 Unplatted 0 0.00 0.00 $ - $ - $ - Total 603 548.50 681,993 $ Adopted Actuals Projected Description FBYu2d0g2e6t 7/T3h1r/u26 2 MNoenxtths P9r/To3jhe0rc/ut2e6d AFBdYuo2dp0gt2ee7dt Preston Cove Community Development District Adopted Budget General Fund FY26 Product Assessable Units ERU Total ERU's Net Assessment Net Per Unit (6%) Gross Per Unit STiUnognwlpen lahFtaotmuedsiley 122134689 001...017058 11446339...005900 $$$ 12 508335,,,522769333 $$$ 1 , 229423327...305804 $$$ 1 , 329249212...704469 Total 603 355.59 $ 442,129 Preston Cove Community Development District General Fund Budget Revenues: tAThshesee o sDpsimesrteranitctints gw eilxl pleevnyd iat unroens- dadu rvianlgo trheem f iasscsaels ysemaer.n t on all the assessable property within the District in order to pay for Expenditures: General & Administrative: Supervisor Fees pCahiadp ttoe re 1ac9h0 ,S Fulpoerridvias oSrta ftourt ethse, atlilmowe sd efovro teeadc hto B Doiasrtdri cmt ebmusbinere stso arnedce miveee $ti2n0g0s. p er meeting, not to exceed $4,800 per year FRIeCpAr eEsxe pnetnss teh e Employer’s share of Social Security and Medicare taxes withheld from the Board of Supervisor checks. Engineering Fees bTohaer Dd imsteriectti'nsg esn, greinveieewr pinrovvoiidceess agnedn evraarli oeunsg ipnreoejreicntgs ases rdviirceecst etod bthye t hDeis Btroiacrt,d e o.gf. Sautpteenrdviasnocres aanndd tphree pDairsatrtiicotn M foarn amgoenr.t hly Attorney Fees pTrheep Darisattrioicnt 'as nldeg raelv cieowun osfe al gprreoevmideenst sg, erneesoralul tlieognasl, seetcrv. aicse dsi rtoec ttheed bDyis tthriec tB, oea.gr.d a otft eSnudpaenrcveis oanrsd a pnrde tphaer aDtiisotnr ifcot rM maneaegtienrg. s, ATnhne uDails Atruicdti ti s required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. ATwshisteeh sDisnmi sttherneict D tA iwdstmirlilic nctio.s ntrtartaicotn t o levy and administer the collection of non-ad valorem assessment on all assessable property Arbitrage TRhebe aDteis Ltriaicbti lwityil lo cno Snetrriaecst 2w0i2t2h baonn idn disespueanndceen. t certified public accountant to annually calculate the District’s Arbitrage aTDdhisdesi etDmioisinntaralit critoe npis oF rreeteiqnsu gi rreedq ubiyre tmhee nStesc fuorri tuyn raantde dE bxcohnadn igsesu Ceosm. Tmhiiss scioosnt itso bcaosmedp loyn w thiteh S Reruilees 1250c222- 1b2o(nbd) (i5ss)u wanhciceh. relates to TTrhues Dteies tFreicets will incur trustee related costs with the issuance of its’ issued bonds. Preston Cove Community Development District General Fund Budget Management Fees The District receives Management, Accounting and Administrative services as part of a Management tGroavnesrcnrimpteinotna lo fM baonaargde mmeeentti nSgesr, vaidcmesi-nCiestnrtartailv eF lsoerrivdiac,e sL, LbCu.d Tghete psreerpvaircaetsi oinn,c alulld fein banuct iaalr ree pnoort tsli,m anitneuda lt oaA,u grdreietcseo,m redeticnn. tg waintdh IsaRnecefrcpovorriumecnesaetsit,nn iotcgsnl os cTouoefdstc twhss natroroeerlloa,a gtgtaeeybd ls eteotrs vt fhiocere sDm iaesnterdtiic ntsg’essr ,i vnAefdroosr,bm epa,o tMsioiitncivr soeys soptfaetym O sifmf, iwcpehl,e iemcthce .i nntcaltuiodne bauntd a rper ongorta lmimmitinedg tfoo rv ifdreaou dc opnrfeorteecntciionng, Website Maintenance 1dR8oec9pu,r meFsleoennrittd sua tp hSloet aactdousst,t ehss oa. ssTtshionecgsi aeat nesded r dwvoiicmtehas m inino rcneliuntoderewi nsagilts ea, nwpdee rbmfsoairtienm tbaaanincckienu gap stssh, eees tDscm.i setrnictst,’ ss weceubrsiittye acnreda ftierde wina allc cmoaridnatnecnea nwcieth, u Cphdaaptteesr, Telephone Telephone and fax machine. Postage & Delivery The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc. Insurance The District’s general liability and public official’s liability insurance coverages. Printing & Binding Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc. Legal Advertising gTehnee Draisl tcriircctu ilsa trieoqnu. ired to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of BOathnekr cChuarrrgeenst aCnhda ragneys o ther miscellaneous expenses incurred during the year. Office Supplies eAtncy. supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, Dues, Licenses & Subscriptions The District is required to pay an annual fee to the Florida Department of Economic Opportunity for $175. Preston Cove Community Development District General Fund Budget Operations & Maintenance: Field Expenses Field Management suRuteicplhirt yea ssae clnactnosdu tsnhcteas ,p eaest ttaiemnndad tl aeBkdoe ac rmodsa tmisn eoteeft ncinaongnsct eraa.n Scdtei rnrvegic cseeeisvr evc aiacnne dsin trcheluastpd oep nroodnv stioidt eep riononspspeietrecty tfi iooenwldsn, memrae pnehatiognnegmes cewanlitlts ho afcn ocdno tnermtarcaatcioltsrs.s f, omr otnhiet oDriisntgr ioctf lLRaaennpddrsesccsaaeppneet s mM tahateien retiesantli amhnaacste eb de emna cionmtepnlaenteced .o f the landscaping within the common areas of the District after the installation of LRaenpdrescsaepnets C tohnet iensgtiemncayt ed cost of replacing landscaping within the common areas of the District. LRaekper eMseaninttse tnhaen ecset imated maintenance of the lake within the common areas of the District. Streetlights fRisecparle yseeanrt.s the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the 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. Irrigation Repairs Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells. Irrigation - Usage Represents the estimated costs for water irrigation system. This includes the sprinklers, and irrigation wells. General Repairs & Maintenance Represents estimated costs for general repairs and maintenance of the District’s common areas. Contingency cRaetpergeosreyn. ts funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field Amenity Expenses Preston Cove Community Development District General Fund Budget Staffing Represents compensation for the Amenity Center staff which provides funds for employee benefits. Property Insurance The District’s property and casualty insurance coverages. Amenity - Electric Represents estimated electric charges for the District’s amenity facilities. Amenity – Water Represents estimated water charges for the District’s amenity facilities. Dues, License, Permits Any cost incurred for Permits and Licenses. Pest Control The District will incur costs for pest control treatments to its amenity facilities. Janitorial Services Represents costs to provide janitorial services and supplies for the District’s amenity facilities. Security Services Represents the 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. Special Events oTfh seu Fpapcliileitsi,e nso Mticaen aogf eerv weniltls ,c eotocr. dinate and provide various activities throughout the year. The amount represents the cost Holiday Decorations The District will incur costs to related to the decoration of common areas during the Holidays. Contingency aRmeperneistyen ctast efguonrdys. allocated to expenses that the District could incur throughout the fiscal year that do not fit into any Preston Cove Community Development District Adopted Budget Debt Service Fund Series 2022 Adopted Description FBYu2d0g2e6t 7A/Tc3th1ur/au2ls6 2P rMoNjoeenxctttheds P9r/oT3jh0er/cut2e6d AFBYduo2dp0gt2ee7td ICAARnassetrssvereereyssen ssFsmmutoeeerswnnttassr --d OD Sniur reR pcotlulls (1) $$$$ 26 671 065 ,,,270 -390890 $$$$ 223 26820344,,,,005103483695 $$$$ 2 89 62 4 ,,,128 -983517 $$$$ 236167 20239,,,,028001327892 $$$$ 56 781 06 5 ,,,220 -230480 Total Revenues $ 952,037 $ 891,773 $ 383,313 $ 1,275,086 $ 1,271,462 Expenditures IIPnnrttieenrrceeipsstta l-- -15 5/1/11 $$$ 222113577,,,088011099 $$$ 222113577,,,088011099 $$$ --- $$$ 222113577,,,088011099 $$$ 222114445,,,000000000 Total Expenditures $ 670,638 $ 670,638 $ - $ 670,638 $ 673,000 Other Sources/(Uses) Transfer In/(Out) $ - $ (18,224) $ - $ (18,224) $ - Total Other Sources/(Uses) $ - $ (18,224) $ - $ (18,224) $ - Excess Revenues/(Expenditures) $ 281,399 $ 202,911 $ 383,313 $ 586,224 $ 598,462 (1) Carryforward Surplus is net of Debt Service Reserve Funds Interest - 11/1 $ 2 10,019 Product Assessable Units Maximum Annual Debt Service Net Per Unit Gross Per Unit SSiinnggTlloeew FFnaahmmoiiullyys e-- 5700'' 23513148 $$$ 14 609289,,,317138908 $$$ 11 ,,922122611...499655 $$$ 11 ,,922799499...999644 Total 603 $ 670,238 Preston Cove Community Development District Series 2022 Special Assessment Bonds Amortization Schedule DATE BALANCE PRINCIPAL INTEREST TOTAL 11/01/23 11,395,000.00 $ - $ 225,131.25 $ 668,756.25 $ 05/01/24 11,395,000.00 $ 220,000.00 $ 225,131.25 $ - $ 11/01/24 11,175,000.00 $ - $ 221,556.25 $ 666,687.50 $ 05/01/25 11,175,000.00 $ 230,000.00 $ 221,556.25 $ - $ 11/01/25 10,465,000.00 $ - $ 217,818.75 $ 669,375.00 $ 05/01/26 10,465,000.00 $ 235,000.00 $ 217,818.75 $ - $ 11/01/26 10,465,000.00 $ - $ 214,000.00 $ 666,818.75 $ 05/01/27 10,465,000.00 $ 245,000.00 $ 214,000.00 $ - $ 11/01/27 10,465,000.00 $ - $ 210,018.75 $ 669,018.75 $ 05/01/28 10,465,000.00 $ 250,000.00 $ 210,018.75 $ - $ 11/01/28 10,215,000.00 $ - $ 205,518.75 $ 665,537.50 $ 05/01/29 10,215,000.00 $ 260,000.00 $ 205,518.75 $ - $ 11/01/29 9,955,000.00 $ - $ 200,838.75 $ 666,357.50 $ 05/01/30 9,955,000.00 $ 270,000.00 $ 200,838.75 $ - $ 11/01/30 9,115,000.00 $ - $ 195,978.75 $ 666,817.50 $ 05/01/31 9,115,000.00 $ 280,000.00 $ 195,978.75 $ - $ 11/01/31 9,115,000.00 $ - $ 190,938.75 $ 666,917.50 $ 05/01/32 9,115,000.00 $ 290,000.00 $ 190,938.75 $ - $ 11/01/32 9,115,000.00 $ - $ 185,718.75 $ 666,657.50 $ 05/01/33 9,115,000.00 $ 300,000.00 $ 185,718.75 $ - $ 11/01/33 8,815,000.00 $ - $ 179,718.75 $ 665,437.50 $ 05/01/34 8,815,000.00 $ 315,000.00 $ 179,718.75 $ - $ 11/01/34 8,500,000.00 $ - $ 173,418.75 $ 668,137.50 $ 05/01/35 8,500,000.00 $ 330,000.00 $ 173,418.75 $ - $ 11/01/35 8,170,000.00 $ - $ 166,818.75 $ 670,237.50 $ 05/01/36 8,170,000.00 $ 340,000.00 $ 166,818.75 $ - $ 11/01/36 7,830,000.00 $ - $ 160,018.75 $ 666,837.50 $ 05/01/37 7,830,000.00 $ 355,000.00 $ 160,018.75 $ - $ 11/01/37 7,475,000.00 $ - $ 152,918.75 $ 667,937.50 $ 05/01/38 7,475,000.00 $ 370,000.00 $ 152,918.75 $ - $ 11/01/38 7,105,000.00 $ - $ 145,518.75 $ 668,437.50 $ 05/01/39 7,105,000.00 $ 385,000.00 $ 145,518.75 $ - $ 11/01/39 6,720,000.00 $ - $ 137,818.75 $ 668,337.50 $ 05/01/40 6,720,000.00 $ 400,000.00 $ 137,818.75 $ - $ Preston Cove Community Development District Series 2022 Special Assessment Bonds Amortization Schedule DATE BALANCE PRINCIPAL INTEREST TOTAL 11/01/40 5,470,000.00 $ - $ 129,818.75 $ 667,637.50 $ 05/01/41 5,470,000.00 $ 415,000.00 $ 129,818.75 $ - $ 11/01/41 5,470,000.00 $ - $ 121,518.75 $ 666,337.50 $ 05/01/42 5,470,000.00 $ 435,000.00 $ 121,518.75 $ - $ 11/01/42 5,470,000.00 $ - $ 112,818.75 $ 669,337.50 $ 05/01/43 5,470,000.00 $ 450,000.00 $ 112,818.75 $ - $ 11/01/43 5,020,000.00 $ - $ 103,537.50 $ 666,356.25 $ 05/01/44 5,020,000.00 $ 470,000.00 $ 103,537.50 $ - $ 11/01/44 4,550,000.00 $ - $ 93,843.75 $ 667,381.25 $ 05/01/45 4,550,000.00 $ 490,000.00 $ 93,843.75 $ - $ 11/01/45 4,060,000.00 $ - $ 83,737.50 $ 667,581.25 $ 05/01/46 4,060,000.00 $ 510,000.00 $ 83,737.50 $ - $ 11/01/46 3,550,000.00 $ - $ 73,218.75 $ 666,956.25 $ 05/01/47 3,550,000.00 $ 530,000.00 $ 73,218.75 $ - $ 11/01/47 3,020,000.00 $ - $ 62,287.50 $ 665,506.25 $ 05/01/48 3,020,000.00 $ 555,000.00 $ 62,287.50 $ - $ 11/01/48 2,465,000.00 $ - $ 50,840.63 $ 668,128.13 $ 05/01/49 2,465,000.00 $ 580,000.00 $ 50,840.63 $ - $ 11/01/49 1,885,000.00 $ - $ 38,878.13 $ 669,718.75 $ 05/01/50 1,885,000.00 $ 600,000.00 $ 38,878.13 $ - $ 11/01/50 1,285,000.00 $ - $ 26,503.13 $ 665,381.25 $ 05/01/51 1,285,000.00 $ 630,000.00 $ 26,503.13 $ - $ 11/01/51 655,000.00 $ - $ 13,509.38 $ 670,012.50 $ 05/01/52 655,000.00 $ 655,000.00 $ 13,509.38 $ 668,509.38 $ 11,395,000.00 $ 8,188,525.00 $ 20,027,150.00 $