Westside
Community Development District

Adopted Budget
FY2023

6M3

	Table of Contents	

1-2	
General Fund	

3-9	

General Fund Narrative	

10	
Series 2005-2 Debt Service	

11	
Series 2007-2 Debt Service	

12	
Series 2018 - Solara Phase 1 Debt Service	

13-14	
Series 2018 - Solara Phase 1 Amortization	

15	
Series 2018 Solara Phase 1 - Allocation Methodology	

16	
Series 2019 - Solara Phase 2 Debt Service	

17-18	
Series 2019 - Solara Phase 2 Amortization	

19	
Series 2019 - Solara Phase 2 Allocation Methodology	

20	
Series 2019 - Refunding Debt Service	

21	
Series 2019 - Refunding Amortization	

22	
Series 2019 - Refunding Allocation Methodology	

23	
Series 2019 - Parcel K Debt Service	

24-25	
Series 2019 - Parcel K Amortization	

26	
Series 2019 - Parcel K Allocation Methodology	

27	
Capital Reserve Fund	

	Adopted Budget	Actuals Thru	Projected Next	Total Projected	Adopted Budget	
	FY2022	5/31/22	4 Months	9/30/22	FY2023	

Revenues						
Maintenance Assessments	$	566,228	$	535,630	$	30,597	$	566,228	$	566,228	
Interest Income	$	1,000	$	918	$	400	$	1,318	$	1,000	
Carry Forward Balance	$	268,334	$	576,026	$	-	$	576,026	$	261,645	
Total Revenues	$	835,561	$	1,112,574	$	30,997	$	1,143,572	$	828,872	

Expenditures						
Administrative						
Supervisor Fees	$	12,000	$	1,200	$	4,000	$	5,200	$	12,000	
FICA Expense	$	918	$	92	$	306	$	398	$	918	
Engineering Fees	$	10,500	$	1,149	$	3,500	$	4,649	$	10,500	
Legal Services	$	40,000	$	6,020	$	13,333	$	19,353	$	40,000	
Arbitrage Fees	$	3,250	$	1,350	$	1,900	$	3,250	$	3,250	
Management Fees	$	43,473	$	28,982	$	14,491	$	43,473	$	45,647	
Information Technology	$	1,650	$	1,100	$	550	$	1,650	$	1,800	
Website Maintenance	$	1,100	$	733	$	367	$	1,100	$	1,200	
Dissemination Fees	$	14,000	$	9,333	$	4,667	$	14,000	$	14,000	
Trustee Fees	$	20,142	$	13,321	$	6,821	$	20,142	$	20,142	
Assessment Roll Services	$	12,500	$	12,500	$	-	$	12,500	$	12,500	
Auditing Services	$	3,925	$	-	$	3,925	$	3,925	$	4,100	
Telephone	$	100	$	-	$	33	$	33	$	100	
Postage	$	2,250	$	324	$	750	$	1,074	$	2,250	
Insurance - General Liability	$	9,200	$	8,616	$	-	$	8,616	$	9,693	
Printing and Binding	$	1,500	$	154	$	500	$	654	$	1,500	
Legal Advertising	$	1,800	$	-	$	1,800	$	1,800	$	1,800	
Other Current Charges	$	1,600	$	768	$	533	$	1,301	$	1,600	
Office Supplies	$	400	$	12	$	133	$	145	$	400	
Property Appraiser's Fee	$	700	$	1,089	$	-	$	1,089	$	1,100	
Property Taxes	$	200	$	192	$	-	$	192	$	200	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	181,383	$	87,108	$	57,610	$	144,718	$	184,875	

	Adopted Budget FY2022	Actuals Thru 5/31/22	Projected Next
4 Months	Total Projected 9/30/22	Adopted Budget FY2023	

Operations & Maintenance						
Landscape Maintenance	$	212,490	$	141,260	$	70,630	$	211,890	$	223,115	
Oak Tree Maintenance	$	25,000	$	-	$	8,333	$	8,333	$	25,000	
Irrigation Repairs	$	15,000	$	4,249	$	5,000	$	9,249	$	15,000	
Plant Replacement	$	30,000	$	21,969	$	8,031	$	30,000	$	30,000	
Electric	$	1,500	$	171	$	124	$	295	$	1,650	
Streetlighting	$	73,000	$	35,690	$	17,200	$	52,890	$	80,300	
Irrigation Water	$	58,000	$	19,955	$	10,000	$	29,955	$	63,800	
Property Insurance	$	5,000	$	1,081	$	-	$	1,081	$	5,000	
Field Management	$	20,288	$	13,525	$	6,763	$	20,288	$	20,288	
Lake & Wetland Maintenance	$	18,900	$	13,525	$	8,200	$	21,725	$	19,845	
Sidewalk Repairs & Maintenance	$	4,000	$	-	$	1,333	$	1,333	$	4,000	
Contingency	$	26,000	$	6,273	$	8,667	$	14,940	$	26,000	
Stormwater/Lake Repair	$	15,000	$	600	$	5,000	$	5,600	$	15,000	
Total Operations & Maintenance	$	504,178	$	258,299	$	149,281	$	407,580	$	528,998	
											
Total Expenditures	$	685,561	$	345,407	$	206,891	$	552,298	$	713,872	

Other Sources/(Uses)											
Transfer Out - Capital Reserve	$	(150,000)	$	-	$	(150,000)	$	(150,000)	$	(115,000)	
Subtotal Other Sources/(Uses)	$	(150,000)	$	-	$	(150,000)	$	(150,000)	$	(115,000)	

Excess Revenues/(Expenditures)	$	-	$	767,167	$	(325,894)	$	441,273	$	-	
	
FY2020	
FY2021	
FY2022	
FY2023	
Net Assessments	$589,434	$566,228	$566,228	$566,228	
Add: Discounts & Collections	$37,623	$36,142	$36,142	$36,142	
Gross Assessments	$627,057	$602,370	$602,370	$602,370	

Units	
3985	
3828.11	
3828.11	
3828.11	
Per Unit Gross Assessment	$157	$157	$157	$157	

Net Assessments	

$589,434	

$566,228	

$566,228	

$566,228	
Total Developable Units	$3,985	3828.11	3828.11	3828.11	
Per Unit Net Assessments	$148	$148	$148	$148	

Revenues:

Maintenance Assessments

The District will levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year.

Interest Income

The District earns interest income on their checking account with Truist Bank. Interest is calculated on the average monthly collected balance in the operating.

Expenditures:

Administrative:

Supervisor Fees

The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon 5 supervisors attending 12 meetings.

FICA Expense

Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering Fees

The District's engineer, Hanson, Walter & Associates, will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.

Legal Services

The District's legal counsel, Latham, Shuker, Eden & Beaudine, will provide general legal services to the District, i.e. attendance and preparation for monthly meetings, review of operating and maintenance contracts, and other specifically requested assignments.

Arbitrage Fees

The District has contracted with AMTEC, an independent certified public accountant, to annually calculate the District’s Arbitrage Rebate Liability on the Series 2005, 2007, 2018, 2019 and 2019 Refunding Special Assessment Revenue Bonds.

Management Fees

The District has contracted with Governmental Management Services-Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc.

Information Technology

Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc. Governmental Management Services – Central Florida, LLC provides these systems.

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.

Dissemination Fees

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional report requirements for unrated bond issues. Governmental Management Services-Central Florida LLC provides this service for Debt Service Series 2018, Series 2019, Series 2019 Refunding and Series 2019 Parcel K. Governmental Management Services – Central Florida, LLC provides these services.

Trustee Fees

The District will pay annual fees for Series 2005, 2007, 2018, 2019, 2019 Refunding and 2019 Parcel K Special Assessment Revenue Bonds that are deposited with a Trustee at US Bank, N.A.

Assessment Roll Services

The District has contracted with Governmental Management Services-Central Florida, LLC for the collection of prepaid assessments, updating the District’s Tax Roll and levying the annual assessment.

Auditing Services

The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm.

Telephone

Telephone and fax machine expenses. Governmental Management Services – Central Florida, LLC provides these services.

Postage

Represents postage cost used for District mailings including agenda packages, vendor checks and other correspondence. Governmental Management Services – Central Florida, LLC provides these services.

Insurance – General Liability

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.

Printing and Binding

Includes copy charges for printing of agenda packages, required mailings, and other special projects. Governmental Management Services – Central Florida, LLC provides these services.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous charges incurred by the District.

Office Supplies

Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects. Governmental Management Services – Central Florida, LLC provides these services.

Property Appraiser’s Fee

Represents a fee charged by Osceola County Property Appraiser’s office for assessment administration services.

Property Taxes

Represents the estimated Non-Ad Valorem assessments on District property levied by Osceola County.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only anticipated expenditure for this category.

Operations & Maintenance

Landscape Maintenance

The District currently has a contract to maintain the landscaping starting at US 192 South to Goodman Road / Florence Villa Grove Road intersection within the District, including: General (mowing, edging, trimming, weeding, pruning and maintenance), irrigation inspection, fertilization, Solara pond mowings and pest control services. The District has contracted with Yellowstone Landscape and Exclusive Landscaping.

Description	Monthly Amount	Annual Amount	

Original Agreement – Yellowstone	
$7,108	
$85,290	
Solara Ponds – Yellowstone	$1,025	$12,300	
Solara Phase 1 – Yellowstone	$4,530	$54,360	
Solara Phase 2 – Yellowstone	$3,575	$42,900	
South Goodman & Monaco – Exclusive	$820	$9,840	
Phase 3 Pond – Exclusive	$650	$7,800	
Contingency		$10,625	
Total		$223,115	

Oak Tree Maintenance

The District will incur costs for the maintenance of the oak trees. Irrigation Repairs
The District pays Yellowstone Landscape for various repairs/replacements to the irrigation systems that include but are not limited to spray heads, nozzles, rotors, controllers, etc. any increase in amount is based on proposal by Yellowstone Landscape.

Plant Replacement

Represents costs for maintenance of tree, shrub and other plant material replacements. Amount includes an enhancement proposal by Yellowstone Landscape.

Electric

The District has the following utility account(s) with Duke Energy to provide electricity for the common areas.

Account #	

Address	Estimated Monthly
Amount	Estimated Annual
Amount	
15704 70086	9000 W Irlo Bronson Memorial Hwy	$50	$600	
	Contingency		$1,050	
Total			$1,650	

Streetlighting

The District maintains the following streetlights with Duke Energy along Westside Boulevard.

Account #	

Address	Estimated Monthly
Amount	Estimated Annual
Amount	
09047 36125	000 Westside Blvd Lite, Entrance	$4,400	$52,800	
	Contingency - Streetlight		$27,500	
Total			$80,300	

Irrigation Water

The District has the following utility accounts with Toho Water Authority for reclaimed water.

Account #	

Address	Estimated Monthly
Amount	Estimated Annual
Amount	
2118575-1129340	0 Westside Blvd Reclaim	$4,300	$51,600	
2118575-1124768	2400 Blk Even Westside Blvd	$20	$240	
2118575-920460	0 Westside Blvd Reclaim D	$20	$240	
	Contingency		$11,720	
Total			$63,800	

Property Insurance

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

Field Management

Provide onsite field management of contracts for District services such as landscape and lake maintenance. Services to include weekly site inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and respond to property owner phone calls and emails.

Lake & Wetland Maintenance

The District has a permit obligation to comply with certain conditions for the establishment and maintenance and monitoring of upland/wetland conservation areas and for maintenance of the lakes. The amount is based on current contracts with Aquatic Weed Management and Bio-tech Consulting Inc.

Description	Monthly
Amount	Annual
Amount	
Stormwater Pond Plant Management	$1,075	$12,900	
Mitigation Maintenance		$6,000	
Contingency			$945		
Total		$19,845	

Sidewalk Repairs & Maintenance

Any costs related to the maintenance of the District’s sidewalks which includes grinding and pressure washing.

Contingency

Any other miscellaneous charges incurred by the District. Stormwater/Lake Repair
Represents contingency for potential repairs to stormwater system.

Other Sources/(Uses)

Transfer Out - Capital Reserve

Estimated funds to be transferred to the Capital Projects funds for any capital outlay expenses.

	Adopted Budget	Adopted Budget	
	FY2022	FY2023	

Revenues

Assessments - Series 2005-2	

$	110,963	

$	110,963	
Total Revenues	$	110,963	$	110,963	

Expenditures

Debt Service Obligation	

$	110,963	

$	110,963	
Total Expenditures	$	110,963	$	110,963	
			
Excess Revenues/(Expenditures)	$	-	$	-	

Series 2007-2 Debt Service Fund

	Adopted Budget	Adopted Budget	
	FY2022	FY2023	

Revenues

Assessments - Series 2007-2	

$	39,800	

$	39,800	
Total Revenues	$	39,800	$	39,800	

Expenditures

Debt Service Obligation	

$	39,800	

$	39,800	
Total Expenditures	$	39,800	$	39,800	
			
Excess Revenues/(Expenditures)	$	-	$	-	

Series 2018 - Solara Phase 1 Debt Service Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Projected	Adopted Budget	
	FY2022	5/31/22	4 Months	9/30/22	FY2023	

Revenues						
Assessments	$	230,130	$	223,273	$	6,857	$	230,130	$	230,130	
Interest	$	-	$	9	$	-	$	9	$	-	
Carryforward Surplus (1)	$	106,540	$	108,237	$	-	$	108,237	$	108,325	
Total Revenues	$	336,670	$	331,518	$	6,857	$	338,375	$	338,455	

Expenditures						
Interest - 11/1	$	85,025	$	85,025	$	-	$	85,025	$	83,525	
Interest - 5/1	$	85,025	$	85,025	$	-	$	85,025	$	83,525	
Principal - 5/1	$	60,000	$	60,000	$	-	$	60,000	$	60,000	
Total Expenditures	$	230,050	$	230,050	$	-	$	230,050	$	227,050	
						
Excess Revenues/(Expenditures)	$	106,620	$	101,468	$	6,857	$	108,325	$	111,405	

Interest - 11/1/2023	
$	
82,025	

(1) Carryforward Surplus is net of Debt Service Reserve Funds

	Series	2018 Special Assessment Bonds Amortization Schedule		
Date		Balance	Prinicpal	Interest	Total	
					
11/01/22	$	3,270,000.00	$	-	$	83,525.00	$	228,550.00	
05/01/23	$	3,270,000.00	$	60,000.00	$	83,525.00	$	-	
11/01/23	$	3,210,000.00	$	-	$	82,025.00	$	225,550.00	
05/01/24	$	3,210,000.00	$	65,000.00	$	82,025.00	$	-	
11/01/24	$	3,145,000.00	$	-	$	80,400.00	$	227,425.00	
05/01/25	$	3,145,000.00	$	70,000.00	$	80,400.00	$	-	
11/01/25	$	3,075,000.00	$	-	$	78,650.00	$	229,050.00	
05/01/26	$	3,075,000.00	$	70,000.00	$	78,650.00	$	-	
11/01/26	$	3,005,000.00	$	-	$	76,900.00	$	225,550.00	
05/01/27	$	3,005,000.00	$	75,000.00	$	76,900.00	$	-	
11/01/27	$	2,930,000.00	$	-	$	75,025.00	$	226,925.00	
05/01/28	$	2,930,000.00	$	80,000.00	$	75,025.00	$	-	
11/01/28	$	2,850,000.00	$	-	$	73,025.00	$	228,050.00	
05/01/29	$	2,850,000.00	$	85,000.00	$	73,025.00	$	-	
11/01/29	$	2,765,000.00	$	-	$	70,900.00	$	228,925.00	
05/01/30	$	2,765,000.00	$	90,000.00	$	70,900.00	$	-	
11/01/30	$	2,675,000.00	$	-	$	68,650.00	$	229,550.00	
05/01/31	$	2,675,000.00	$	95,000.00	$	68,650.00	$	-	
11/01/31	$	2,580,000.00	$	-	$	66,275.00	$	229,925.00	
05/01/32	$	2,580,000.00	$	100,000.00	$	66,275.00	$	-	
11/01/32	$	2,480,000.00	$	-	$	63,775.00	$	230,050.00	
05/01/33	$	2,480,000.00	$	105,000.00	$	63,775.00	$	-	
11/01/33	$	2,375,000.00	$	-	$	61,150.00	$	229,925.00	
05/01/34	$	2,375,000.00	$	110,000.00	$	61,150.00	$	-	
11/01/34	$	2,265,000.00	$	-	$	58,400.00	$	229,550.00	
05/01/35	$	2,265,000.00	$	115,000.00	$	58,400.00	$	-	
11/01/35	$	2,150,000.00	$	-	$	55,525.00	$	228,925.00	
05/01/36	$	2,150,000.00	$	120,000.00	$	55,525.00	$	-	
11/01/36	$	2,030,000.00	$	-	$	52,525.00	$	228,050.00	
05/01/37	$	2,030,000.00	$	125,000.00	$	52,525.00	$	-	
11/01/37	$	1,905,000.00	$	-	$	49,400.00	$	226,925.00	
05/01/38	$	1,905,000.00	$	130,000.00	$	49,400.00	$	-	
11/01/38	$	1,775,000.00	$	-	$	46,150.00	$	225,550.00	
05/01/39	$	1,775,000.00	$	140,000.00	$	46,150.00	$	-	
11/01/39	$	1,635,000.00	$	-	$	42,510.00	$	228,660.00	
05/01/40	$	1,635,000.00	$	145,000.00	$	42,510.00	$	-	
11/01/40	$	1,490,000.00	$	-	$	38,740.00	$	226,250.00	
05/01/41	$	1,490,000.00	$	155,000.00	$	38,740.00	$	-	
11/01/41	$	1,335,000.00	$	-	$	34,710.00	$	228,450.00	
05/01/42	$	1,335,000.00	$	165,000.00	$	34,710.00	$	-	
11/01/42	$	1,170,000.00	$	-	$	30,420.00	$	230,130.00	
05/01/43	$	1,170,000.00	$	170,000.00	$	30,420.00	$	-	
11/01/43	$	1,000,000.00	$	-	$	26,000.00	$	226,420.00	

Series 2018 Special Assessment Bonds Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

05/01/44	$	1,000,000.00	$	180,000.00	$	26,000.00	$	-	
11/01/44	$	820,000.00	$	-	$	21,320.00	$	227,320.00	
05/01/45	$	820,000.00	$	190,000.00	$	21,320.00	$	-	
11/01/45	$	630,000.00	$	-	$	16,380.00	$	227,700.00	
05/01/46	$	630,000.00	$	200,000.00	$	16,380.00	$	-	
11/01/46	$	430,000.00	$	-	$	11,180.00	$	227,560.00	
05/01/47	$	430,000.00	$	210,000.00	$	11,180.00	$	-	
11/01/47	$	220,000.00	$	-	$	5,720.00	$	226,900.00	
05/01/48	$	220,000.00	$	220,000.00	$	5,720.00	$	225,720.00	
			$	3,270,000.00	$	2,738,560.00	$	6,153,585.00	

Westside
Community Development District
Special Assessment Revenue Bonds - Series 2018

		Allocation Methodology			
		For Solara Phase 1 Assessment Area			
			
Net Annual	
Gross Annual	
		Allocation of Par	Maximum	Debt	Debt	
		Debt Per Product	Total Par	Annual Debt	Assesssment	Assessment Per	
PRODUCT	No. of Units	Type	Debt Per Unit	Service	Per Unit	Unit (1)	
Townhomes	76	$	757,829	$	9,971	$	49,971	$	658	$	699	
Single Family 40'	92	$	1,009,109	$	10,969	$	66,540	$	723	$	769	
Single Family 50'	144	$	1,723,062	$	11,966	$	113,618	$	789	$	839	
TOTAL	312	$	3,490,000	$	230,129			

(1) This amount includes collection fees and early payment discounts when collected on the Osceola County Tax Bill
* Unit mix is subject to change based on market and other factors	

Adopted Budget
Series 2019 - Solara Phase 2 Debt Service Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Projected	Adopted Budget	
	FY2022	5/31/22	4 Months	9/30/22	FY2023	

Revenues						
Assessments	$	203,846	$	197,864	$	5,983	$	203,846	$	203,846	
Interest	$	-	$	7	$	-	$	7	$	-	
Carryforward Surplus (1)	$	80,902	$	82,405	$	-	$	82,405	$	82,804	
Total Revenues	$	284,748	$	280,276	$	5,983	$	286,258	$	286,650	

Expenditures						
Interest - 11/1	$	71,727	$	71,727	$	-	$	71,727	$	70,639	
Interest - 5/1	$	71,727	$	71,727	$	-	$	71,727	$	70,639	
Principal - 5/1	$	60,000	$	60,000	$	-	$	60,000	$	60,000	
Total Expenditures	$	203,454	$	203,454	$	-	$	203,454	$	201,279	
						
Excess Revenues/(Expenditures)	$	81,294	$	76,822	$	5,983	$	82,804	$	85,371	
				
Interest - 11/1/2023	
$69,552	

(1) Carryforward Surplus is net of Debt Service Reserve Funds

Series 2019 (Solara Ph2) Special Assessment Bonds Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

11/01/22	$	3,060,000.00	$	-	$	70,639.38	$	202,366.25	
05/01/23	$	3,060,000.00	$	60,000.00	$	70,639.38	$	-	
11/01/23	$	3,000,000.00	$	-	$	69,551.88	$	200,191.25	
05/01/24	$	3,000,000.00	$	65,000.00	$	69,551.88	$	-	
11/01/24	$	2,935,000.00	$	-	$	68,373.75	$	202,925.63	
05/01/25	$	2,935,000.00	$	65,000.00	$	68,373.75	$	-	
11/01/25	$	2,870,000.00	$	-	$	67,106.25	$	200,480.00	
05/01/26	$	2,870,000.00	$	70,000.00	$	67,106.25	$	-	
11/01/26	$	2,800,000.00	$	-	$	65,741.25	$	202,847.50	
05/01/27	$	2,800,000.00	$	70,000.00	$	65,741.25	$	-	
11/01/27	$	2,730,000.00	$	-	$	64,376.25	$	200,117.50	
05/01/28	$	2,730,000.00	$	75,000.00	$	64,376.25	$	-	
11/01/28	$	2,655,000.00	$	-	$	62,913.75	$	202,290.00	
05/01/29	$	2,655,000.00	$	75,000.00	$	62,913.75	$	-	
11/01/29	$	2,580,000.00	$	-	$	61,451.25	$	199,365.00	
05/01/30	$	2,580,000.00	$	80,000.00	$	61,451.25	$	-	
11/01/30	$	2,500,000.00	$	-	$	59,601.25	$	201,052.50	
05/01/31	$	2,500,000.00	$	85,000.00	$	59,601.25	$	-	
11/01/31	$	2,415,000.00	$	-	$	57,635.63	$	202,236.88	
05/01/32	$	2,415,000.00	$	90,000.00	$	57,635.63	$	-	
11/01/32	$	2,325,000.00	$	-	$	55,554.38	$	203,190.00	
05/01/33	$	2,325,000.00	$	90,000.00	$	55,554.38	$	-	
11/01/33	$	2,235,000.00	$	-	$	53,473.13	$	199,027.50	
05/01/34	$	2,235,000.00	$	95,000.00	$	53,473.13	$	-	
11/01/34	$	2,140,000.00	$	-	$	51,276.25	$	199,749.38	
05/01/35	$	2,140,000.00	$	100,000.00	$	51,276.25	$	-	
11/01/35	$	2,040,000.00	$	-	$	48,963.75	$	200,240.00	
05/01/36	$	2,040,000.00	$	105,000.00	$	48,963.75	$	-	
11/01/36	$	1,935,000.00	$	-	$	46,535.63	$	200,499.38	
05/01/37	$	1,935,000.00	$	110,000.00	$	46,535.63	$	-	
11/01/37	$	1,825,000.00	$	-	$	43,991.88	$	200,527.50	
05/01/38	$	1,825,000.00	$	115,000.00	$	43,991.88	$	-	
11/01/38	$	1,710,000.00	$	-	$	41,332.50	$	200,324.38	
05/01/39	$	1,710,000.00	$	120,000.00	$	41,332.50	$	-	
11/01/39	$	1,590,000.00	$	-	$	38,557.50	$	199,890.00	
05/01/40	$	1,590,000.00	$	125,000.00	$	38,557.50	$	-	
11/01/40	$	1,465,000.00	$	-	$	35,526.25	$	199,083.75	
05/01/41	$	1,465,000.00	$	135,000.00	$	35,526.25	$	-	
11/01/41	$	1,330,000.00	$	-	$	32,252.50	$	202,778.75	
05/01/42	$	1,330,000.00	$	140,000.00	$	32,252.50	$	-	
11/01/42	$	1,190,000.00	$	-	$	28,857.50	$	201,110.00	
05/01/43	$	1,190,000.00	$	145,000.00	$	28,857.50	$	-	
11/01/43	$	1,045,000.00	$	-	$	25,341.25	$	199,198.75	

Series 2019 (Solara Ph2) Special Assessment Bonds Amortization Schedule

Date		Balance	Prinicpal	Interest		Total	

05/01/44	
$	
1,045,000.00	
$	155,000.00	
$	25,341.25	
$	
-	
11/01/44	$	890,000.00	$	-	$	21,582.50	$	201,923.75	
05/01/45	$	890,000.00	$	160,000.00	$	21,582.50	$	-	
11/01/45	$	730,000.00	$	-	$	17,702.50	$	199,285.00	
05/01/46	$	730,000.00	$	170,000.00	$	17,702.50	$	-	
11/01/46	$	560,000.00	$	-	$	13,580.00	$	201,282.50	
05/01/47	$	560,000.00	$	180,000.00	$	13,580.00	$	-	
11/01/47	$	380,000.00	$	-	$	9,215.00	$	202,795.00	
05/01/48	$	380,000.00	$	185,000.00	$	9,215.00	$	-	
11/01/48	$	195,000.00	$	-	$	4,728.75	$	198,943.75	
05/01/49	$	195,000.00	$	195,000.00	$	4,728.75	$	199,728.75	
			$	3,060,000.00	$	2,431,723.75	$	5,623,450.63	

Westside
Community Development District
Special Assessment Revenue Bonds - Series 2019

		Allocation Methodology			
		For Solara Phase 2 Assessment Area			
			
Net Annual	
Gross Annual	
		Allocation of Par	Maximum	Debt	Debt	
		Debt Per Product	Total Par	Annual Debt	Assesssment	Assessment Per	
PRODUCT	No. of Units	Type	Debt Per Unit	Service	Per Unit	Unit (1)	
Townhomes	86	$	895,487	$	12,495	$	56,507	$	657	$	699	
Single Family 40'	122	$	1,397,376	$	11,454	$	88,189	$	723	$	769	
Single Family 50'	75	$	937,137	$	10,413	$	59,150	$	789	$	839	
TOTAL	283	$	3,230,000	$	203,846			

(1) This amount includes collection fees and early payment discounts when collected on the Osceola County Tax Bill
* Unit mix is subject to change based on market and other factors	

Adopted Budget
Series 2019 - Refunding Bonds Debt Service Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Projected	Adopted Budget	
	FY2022	5/31/22	4 Months	9/30/22	FY2023	

Revenues						
Assessments	$	1,007,205	$	984,356	$	22,850	$	1,007,205	$	1,007,205	
Interest	$	-	$	40	$	-	$	40	$	-	
Carryforward Surplus (1)	$	491,427	$	497,434	$	-	$	497,434	$	490,066	
Total Revenues	$	1,498,633	$	1,481,830	$	22,850	$	1,504,680	$	1,497,271	

Expenditures						
Interest - 11/1	$	237,307	$	237,307	$	-	$	237,307	$	227,857	
Interest - 5/1	$	237,307	$	237,307	$	-	$	237,307	$	227,857	
Principal - 5/1	$	540,000	$	540,000	$	-	$	540,000	$	560,000	
Total Expenditures	$	1,014,614	$	1,014,614	$	-	$	1,014,614	$	1,015,714	
						
Excess Revenues/(Expenditures)	$	484,019	$	467,216	$	22,850	$	490,066	$	481,558	
				
Interest - 11/1/2023	
$218,057	

(1) Carryforward Surplus is net of Debt Service Reserve Funds

Series 2019 (Refunding) Special Assessment Bonds Amortization Schedule

Date	Balance	Prinicpal	Interest	Total	
					
11/01/22	$	11,535,000.00	$	-	$	227,856.88	$	1,005,163.75	
05/01/23	$	11,535,000.00	$	560,000.00	$	227,856.88	$	-	
11/01/23	$	10,975,000.00	$	-	$	218,056.88	$	1,005,913.75	
05/01/24	$	10,975,000.00	$	575,000.00	$	218,056.88	$	-	
11/01/24	$	10,400,000.00	$	-	$	207,994.38	$	1,001,051.25	
05/01/25	$	10,400,000.00	$	595,000.00	$	207,994.38	$	-	
11/01/25	$	9,805,000.00	$	-	$	196,838.13	$	999,832.50	
05/01/26	$	9,805,000.00	$	625,000.00	$	196,838.13	$	-	
11/01/26	$	9,180,000.00	$	-	$	185,119.38	$	1,006,957.50	
05/01/27	$	9,180,000.00	$	645,000.00	$	185,119.38	$	-	
11/01/27	$	8,535,000.00	$	-	$	173,025.63	$	1,003,145.00	
05/01/28	$	8,535,000.00	$	670,000.00	$	173,025.63	$	-	
11/01/28	$	7,865,000.00	$	-	$	160,463.13	$	1,003,488.75	
05/01/29	$	7,865,000.00	$	695,000.00	$	160,463.13	$	-	
11/01/29	$	7,170,000.00	$	-	$	147,431.88	$	1,002,895.00	
05/01/30	$	7,170,000.00	$	725,000.00	$	147,431.88	$	-	
11/01/30	$	6,445,000.00	$	-	$	132,527.50	$	1,004,959.38	
05/01/31	$	6,445,000.00	$	755,000.00	$	132,527.50	$	-	
11/01/31	$	5,690,000.00	$	-	$	117,006.25	$	1,004,533.75	
05/01/32	$	5,690,000.00	$	785,000.00	$	117,006.25	$	-	
11/01/32	$	4,905,000.00	$	-	$	100,868.13	$	1,002,874.38	
05/01/33	$	4,905,000.00	$	820,000.00	$	100,868.13	$	-	
11/01/33	$	4,085,000.00	$	-	$	84,010.63	$	1,004,878.75	
05/01/34	$	4,085,000.00	$	850,000.00	$	84,010.63	$	-	
11/01/34	$	3,235,000.00	$	-	$	66,536.25	$	1,000,546.88	
05/01/35	$	3,235,000.00	$	885,000.00	$	66,536.25	$	-	
11/01/35	$	2,350,000.00	$	-	$	48,342.50	$	999,878.75	
05/01/36	$	2,350,000.00	$	925,000.00	$	48,342.50	$	-	
11/01/36	$	1,425,000.00	$	-	$	29,326.25	$	1,002,668.75	
05/01/37	$	1,425,000.00	$	960,000.00	$	29,326.25	$	-	
11/01/37	$	465,000.00	$	-	$	9,590.63	$	998,916.88	
05/01/38	$	465,000.00	$	465,000.00	$	9,590.63	$	474,590.63	
		$	11,535,000.00	$	4,209,988.75	$	16,522,295.63	

Westside
Community Development District
Special Assessment Revenue Refunding Bonds - Series 2019

		Allocation Methodology				
		Refunding Bonds				
				
Net Annual	
Gross Annual	
			Par Debt Per	Debt	Debt	
		Par Debt Per Unit	Par Debt Per Unit	Unit	Assesssment	Assessment Per	
PRODUCT	No. of Units	2005-1	2007-1	Combined	Per Unit	Unit (1)	
Single Family 70' - Calabria	75	$	10,518	$	1,673	$	12,191	$	948	$	1,008	
LR - Paradise Palms	553	$	0	$	4,714	$	4,714	$	357	$	379	
Townhome - Caribe Cove	187	$	5,259	$	1,673	$	6,932	$	537	$	572	
Single Family 50' - Tuscany	68	$	6,299	$	1,673	$	7,971	$	618	$	658	
Townhome - Bayhama Bay II	170	$	5,259	$	1,673	$	6,932	$	537	$	572	
Townhome - Golden Cay	124	$	4,750	$	1,673	$	6,423	$	497	$	529	
Townhome - Parcel K	100	$	5,249	$	1,673	$	6,922	$	536	$	571	
Single Family 40' - Parcel K	77	$	5,774	$	1,673	$	7,447	$	577	$	614	
Single Family 50' - Parcel K	14	$	6,299	$	1,673	$	7,971	$	618	$	658	
Townhome - Parcel L	158	$	5,249	$	1,673	$	6,922	$	536	$	571	
Single Family 50' - Parcel L	192	$	6,299	$	1,673	$	7,971	$	618	$	658	
Townhome - M1	276	$	0	$	6,375	$	6,375	$	482	$	513	
TOTAL	1,994	

Adopted Budget
Series 2019 - Parcel K Debt Service Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Projected	Adopted Budget	
	FY2022	5/31/22	4 Months	9/30/22	FY2023	

Revenues						
Assessments	$	78,845	$	76,570	$	2,275	$	78,845	$	78,845	
Interest	$	-	$	5	$	-	$	5	$	-	
Carryforward Surplus (1)	$	42,720	$	43,302	$	-	$	43,302	$	48,212	
Total Revenues	$	121,565	$	119,877	$	2,275	$	122,152	$	127,057	

Expenditures						
Interest - 11/1	$	36,970	$	36,970	$	-	$	36,970	$	36,970	
Interest - 5/1	$	36,970	$	36,970	$	-	$	36,970	$	36,970	
Total Expenditures	$	73,940	$	73,940	$	-	$	73,940	$	73,940	
						
Excess Revenues/(Expenditures)	$	47,625	$	45,937	$	2,275	$	48,212	$	53,117	
				
Interest - 11/1/2023	
$36,970	

(1) Carryforward Surplus is net of Debt Service Reserve Funds

		

		

		

		

		

		

		

		

Series 2019 (Windsor Parcel K) Special Assessment Bonds Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

11/01/22	$	1,860,000.00	$	-	$	36,970.00	$	73,940.00	
05/01/23	$	1,860,000.00	$	-	$	36,970.00	$	-	
11/01/23	$	1,860,000.00	$	-	$	36,970.00	$	73,940.00	
05/01/24	$	1,860,000.00	$	-	$	36,970.00	$	-	
11/01/24	$	1,860,000.00	$	-	$	36,970.00	$	73,940.00	
05/01/25	$	1,860,000.00	$	-	$	36,970.00	$	-	
11/01/25	$	1,860,000.00	$	-	$	36,970.00	$	73,940.00	
05/01/26	$	1,860,000.00	$	-	$	36,970.00	$	-	
11/01/26	$	1,860,000.00	$	-	$	36,970.00	$	73,940.00	
05/01/27	$	1,860,000.00	$	-	$	36,970.00	$	-	
11/01/27	$	1,860,000.00	$	-	$	36,970.00	$	73,940.00	
05/01/28	$	1,860,000.00	$	-	$	36,970.00	$	-	
11/01/28	$	1,860,000.00	$	-	$	36,970.00	$	73,940.00	
05/01/29	$	1,860,000.00	$	-	$	36,970.00	$	-	
11/01/29	$	1,860,000.00	$	-	$	36,970.00	$	73,940.00	
05/01/30	$	1,860,000.00	$	-	$	36,970.00	$	-	
11/01/30	$	1,860,000.00	$	-	$	36,970.00	$	73,940.00	
05/01/31	$	1,860,000.00	$	-	$	36,970.00	$	-	
11/01/31	$	1,860,000.00	$	-	$	36,970.00	$	73,940.00	
05/01/32	$	1,860,000.00	$	-	$	36,970.00	$	-	
11/01/32	$	1,860,000.00	$	-	$	36,970.00	$	73,940.00	
05/01/33	$	1,860,000.00	$	5,000.00	$	36,970.00	$	-	
11/01/33	$	1,855,000.00	$	-	$	36,875.00	$	78,845.00	
05/01/34	$	1,855,000.00	$	5,000.00	$	36,875.00	$	-	
11/01/34	$	1,850,000.00	$	-	$	36,780.00	$	78,655.00	
05/01/35	$	1,850,000.00	$	5,000.00	$	36,780.00	$	-	
11/01/35	$	1,845,000.00	$	-	$	36,685.00	$	78,465.00	
05/01/36	$	1,845,000.00	$	5,000.00	$	36,685.00	$	-	
11/01/36	$	1,840,000.00	$	-	$	36,590.00	$	78,275.00	
05/01/37	$	1,840,000.00	$	5,000.00	$	36,590.00	$	-	
11/01/37	$	1,835,000.00	$	-	$	36,495.00	$	78,085.00	
05/01/38	$	1,835,000.00	$	90,000.00	$	36,495.00	$	-	
11/01/38	$	1,745,000.00	$	-	$	34,785.00	$	161,280.00	
05/01/39	$	1,745,000.00	$	115,000.00	$	34,785.00	$	-	
11/01/39	$	1,630,000.00	$	-	$	32,600.00	$	182,385.00	
05/01/40	$	1,630,000.00	$	120,000.00	$	32,600.00	$	-	
11/01/40	$	1,510,000.00	$	-	$	30,200.00	$	182,800.00	
05/01/41	$	1,510,000.00	$	125,000.00	$	30,200.00	$	-	
11/01/41	$	1,385,000.00	$	-	$	27,700.00	$	182,900.00	
05/01/42	$	1,385,000.00	$	130,000.00	$	27,700.00	$	-	
11/01/42	$	1,255,000.00	$	-	$	25,100.00	$	182,800.00	
05/01/43	$	1,255,000.00	$	135,000.00	$	25,100.00	$	-	
11/01/43	$	1,120,000.00	$	-	$	22,400.00	$	182,500.00	

Series 2019 (Windsor Parcel K) Special Assessment Bonds Amortization Schedule

Date		Balance	Prinicpal	Interest		Total	

05/01/44	
$	
1,120,000.00	
$	140,000.00	
$	22,400.00	
$	
-	
11/01/44	$	980,000.00	$	-	$	19,600.00	$	182,000.00	
05/01/45	$	980,000.00	$	145,000.00	$	19,600.00	$	-	
11/01/45	$	835,000.00	$	-	$	16,700.00	$	181,300.00	
05/01/46	$	835,000.00	$	155,000.00	$	16,700.00	$	-	
11/01/46	$	680,000.00	$	-	$	13,600.00	$	185,300.00	
05/01/47	$	680,000.00	$	160,000.00	$	13,600.00	$	-	
11/01/47	$	520,000.00	$	-	$	10,400.00	$	184,000.00	
05/01/48	$	520,000.00	$	165,000.00	$	10,400.00	$	-	
11/01/48	$	355,000.00	$	-	$	7,100.00	$	182,500.00	
05/01/49	$	355,000.00	$	175,000.00	$	7,100.00	$	-	
11/01/49	$	180,000.00	$	-	$	3,600.00	$	185,700.00	
05/01/50	$	180,000.00	$	180,000.00	$	3,600.00	$	183,600.00	
			$	1,860,000.00	$	1,667,760.00	$	3,564,730.00	

Westside
Community Development District
Special Assessment Revenue Bonds - Series 2019

		Allocation Methodology			
		For Parcel K Assessment Area FY 2021 thrugh FY 2037			
				
Total	
				Combined	
		Series 2019	Series 2019 (Parcel	Series 2019	Series 2019	Gross Annual	
		(Refunding)	K) Gross	(Parcel K) Net	(Parcel K)	Debt	
		Gross Assessment	Assessment Per	Annual Per	Gross Annual	Assessment Per	
PRODUCT	No. of Units	Per Unit (1)	Unit (1)	Unit	Per Unit	Unit (1)	
Single Family 40'	77	$	614	$	33,142	$	430	$	458	$	1,072	
Single Family 50'	14	$	658	$	6,574	$	470	$	500	$	1,158	
Townhome	100	$	571	$	39,129	$	391	$	416	$	987	
TOTAL	191	$	78,845			

(1) This amount includes collection fees and early payment discounts when collected on the Osceola County Tax Bill	

Westside
Community Development District
Adopted Budget Capital Reserve Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Projected	Adopted Budget	
	FY2022	5/31/22	4 Months	9/30/22	FY2023	

Revenues						
Interest	$	-	$	1,781	$	800	$	2,581	$	-	
Carry Forward Surplus	$	810,227	$	1,060,358	$	-	$	1,060,358	$	1,212,507	
Total Revenues	$	810,227	$	1,062,139	$	800	$	1,062,939	$	1,212,507	

Expenditures						
Miscellaneous Expense	$	1,500	$	280	$	152	$	432	$	1,500	
Capital Outlay	$	-	$	-	$	-	$	-	$	-	
Total Expenditures	$	1,500	$	280	$	152	$	432	$	1,500	

Other Sources						
Transfer In (Out)	$	150,000	$	-	$	150,000	$	150,000	$	115,000	
Total Other Sources/(Uses)	$	150,000	$	-	$	150,000	$	150,000	$	115,000	
						
Excess Revenues/(Expenditures)	$	958,727	$	1,061,859	$	150,648	$	1,212,507	$	1,326,007