Cypress Bluff
Community Development District

Adopted Budget FY 2022

Cypress Bluff
Community Development District

TABLE OF CONTENTS

General Fund
Summary of  Revenues and Expenses	Page 1-3
Narrative	Page 4-8

Series 2019 Debt Service Fund
Summary of  Revenues and Expenses	Page 9
Amortization Schedule	Page 10-11

Series 2020 Debt Service Fund
Summary of  Revenues and Expenses	Page 12
Amortization Schedule	Page 13-14

Series 2020A Debt Service Fund
Summary of  Revenues and Expenses	Page 15
Amortization Schedule	Page 16-17

	Adopted
Budget	Actuals
as of	Projected
Next 3	Total
Projected	Adopted
Budget	
Description	FY 2021	6/30/21	Months	9/30/21	FY 2022	

Revenues						
Assessments	$ 782,618	$	781,951	$	667	$	782,618	$	907,175	
O & M Reserves	$	51,724	$	-	$	-	$	-	$	-	
Intererst SBA	$	-	$	533	$	200	$	733	$	1,000	
Other Revenues (Event Fees)	$	-	$	3,589	$	2,000	$	5,589	$	10,000	
Total Revenues	$ 834,342	$	786,072	$	2,867	$	788,939	$	918,175	
Expenditures						
Administrative						
Supervisor Fees	$	12,000	$	5,400	$	3,000	$	8,400	$	12,000	
FICA Expense	$	918	$	245	$	230	$	474	$	918	
Engineering	$	3,000	$	1,905	$	3,095	$	5,000	$	5,000	
Arbitrage	$	800	$	1,200	$	600	$	1,800	$	1,800	
Dissemination Agent	$	4,000	$	3,000	$	999	$	3,999	$	4,000	
Attorney	$	30,000	$	10,422	$	3,500	$	13,922	$	15,000	
Annual Audit	$	8,000	$	-	$	8,000	$	8,000	$	8,000	
Assessment Roll	$	5,000	$	5,000	$	-	$	5,000	$	5,000	
Trustee Fees	$	15,000	$	12,237	$	6,500	$	18,737	$	19,000	
Management Fees	$	45,000	$	33,750	$	11,250	$	45,000	$	46,800	
Information Technology	$	2,000	$	2,250	$	750	$	3,000	$	2,500	
Website Maintenance	$	1,000	$	-	$	500	$	500	$	1,250	
Telephone	$	5,000	$	51	$	150	$	201	$	500	
Postage	$	500	$	924	$	450	$	1,374	$	1,500	
Printing & Binding	$	6,000	$	1,861	$	750	$	2,611	$	3,000	
Insurance	$	5,000	$	5,381	$	-	$	5,381	$	5,919	
Legal Advertising	$	5,000	$	2,268	$	1,700	$	3,968	$	4,000	
Other Current Charges	$	5,250	$	10,064	$	135	$	10,199	$	1,000	
Office Supplies	$	600	$	187	$	400	$	587	$	600	
Dues, Licenses & Subscriptions	$	325	$	175	$	-	$	175	$	175	
Total Administrative	$ 154,393	$	96,320	$	42,009	$	138,328	$	137,962	

	Adopted
Budget	Actuals
as of	Projected
Next 3	Total
Projected	Adopted
Budget	
Description	FY 2021	6/30/21	Months	9/30/21	FY 2022	

Grounds Maintenance						
Pond Maintenance (Water Quality)	$	15,000	$	-	$	6,000	$	6,000	$	6,000	
Landscape Maintenance	$ 315,000	$	202,616	$	70,671	$	273,287	$	285,000	
Landscape Contingency	$	20,000	$	13,132	$	11,450	$	24,582	$	25,000	
Pump Maintenance	$	3,550	$	-	$	1,725	$	1,725	$	3,550	
Water & Sewer	$	20,000	$	29,893	$	18,000	$	47,893	$	48,000	
Irrigation Repairs	$	4,000	$	1,608	$	1,390	$	2,998	$	3,000	
Landscape Reserves	$	10,000	$	-	$	10,000	$	10,000	$	20,000	
Pest Control	$	-	$	960	$	600	$	1,560	$	1,920	
Other Repairs and Maintenance	$	6,000	$	11,840	$	-	$	11,840	$	6,000	
Total Grounds Maintenance	$ 393,550	$	260,049	$	119,836	$	379,885	$	398,470	

Amenity 						
Insurance	$	12,500	$	23,416	$	-	$	23,416	$	33,941	
Amenity Manager	$	-	$	48,183	$	32,122	$	80,304	$	102,262	
Lifestyle Manager	$	40,000	$	11,920	$	4,448	$	16,368	$	13,740	
Pool Maintenance	$	20,000	$	5,189	$	3,460	$	8,649	$	8,844	
Pool Chemicals	$	12,000	$	-	$	3,000	$	3,000	$	12,500	
Facility Attendant	$	30,000	$	4,448	$	40,000	$	44,448	$	64,360	
Janitorial Services	$	28,000	$	5,823	$	3,460	$	9,283	$	9,830	
Refuse	$	4,200	$	1,082	$	330	$	1,412	$	1,500	
Security and Gate Maintenance	$	4,500	$	540	$	1,200	$	1,740	$	4,000	
Facility Maintenance	$	8,000	$	4,453	$	1,884	$	6,337	$	18,203	
Elevator Maintenance	$	6,000	$	-	$	2,000	$	2,000	$	3,000	
Electric	$	-	$	-	$	3,000	$	3,000	$	6,000	
Cable and Internet	$	5,500	$	6,301	$	2,550	$	8,851	$	13,000	
Licenses and Permits	$	1,475	$	400	$	500	$	900	$	1,000	
Repairs & Maintenance	$	5,000	$	3,486	$	1,000	$	4,486	$	6,053	
Special Events	$	3,000	$	10,246	$	3,000	$	13,246	$	20,000	
Holiday Decorations	$	1,500	$	-	$	250	$	250	$	1,500	
Fitness Center R&M	$	5,000	$	9,632	$	368	$	10,000	$	10,000	

Adopted
Budget	Actuals
as of	Projected
Next 3	Total
Projected	Adopted
Budget	
Description	FY 2021	6/30/21	Months	9/30/21	FY 2022	

Fitness Equipment Rentals	
$	-	
$	13,190	
$	5,376	
$	18,566	
$	24,360	
Reserve for Amenities	$	10,000	$	-	$	3,000	$	3,000	$	24,650	
Other Current Charges	$	3,000	$	-	$	500	$	500	$	3,000	
Total Amenity	$ 199,675	$	148,308	$	111,448	$	259,756	$	381,743	
						
Total Expenditures	$ 747,618	$	504,677	$	273,292	$	777,969	$	918,175	
						
Excess Revenues (Expenditures)	$	86,724	$	281,396	$ (270,425)	$	10,970	$	-	

Assessments per unit for FY 2022
FY 21-22 O&M	FY 21-22 O&M	FY 21-22 O&M
Development	Number of	Assessments Per  Assessments Per	Assessments Per Type		Units		Category	Unit (net)		Unit (gross) (1)
Active Adult	519	$168,675	$325.00	$351.35
Residential	1,477	$738,500	$500.00	$540.54
Total Residential	1,996	$907,175

Includes provision for the early payment discount of 4% and Duval County collection costs of 3.5%.

REVENUES:

Assessments
The District will levy a non ad-valorem special assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year. The assessment may either be invoiced directly to the property owner or placed on the Duval County Tax Roll.

Interest SBA
The District will have all excess funds transferred to the Local Government Surplus Funds Trust fund (Florida PRIME) with State Board of Administration (SBA). The amount is based upon the estimated average balance of funds available during the fiscal year.

Other Revenues
Income received from resident rental of Rooftop patio, amenity access fobs, fitness class, etc.

EXPENDITURES:

Administrative:

Supervisor Fees & FICA Expense
Supervisors by Florida statutes are eligible for compensation if elected at $200/meeting. The costs are reflective of anticipated compensation plus FICA matching.

Engineering Fees
The District’s engineer, England-Thims & Miller, Inc will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District’s Series 2019, 2020 and 2020A Special Assessment Revenue Bonds.

Dissemination
The District has contracted with GMS, LLC to act as the Dissemination Agent for the District to prepare the Annual Disclosure Report required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Attorney
The District’s legal counsel, Hopping, Green & Sams will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.

Annual Audit
The District is required annually to conduct an audit of its financial records.

Assessment Roll
The District has contracted with Governmental Management Services, LLC for the certification and collection of the District’s annual maintenance and debt service assessments. Assessments on platted lots are collected by agreement with Duval County while unplatted assessments maybe collected directly by District and/or by County Tax Collector.

Trustee Fees
The Trustee at The Bank of New York Mellon administers the District’s Series 2019, 2020 and 2020A Special Assessment Revenue Bonds. The amount represents the annual fee for the administration of the District’s bond issue.

Management Fees
The District receives management, accounting and administrative services as part of a management agreement with Governmental Management Services, LLC (“GMS”). These services are further outlined in Exhibit “A” of the Management Agreement with GMS.

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.

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.

Telephone
Telephone conference costs for District meetings, workshops and committee meetings.

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Insurance
The District’s General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. FIA specializes in providing insurance coverage to governmental agencies.

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
Estimated bank charges and any other miscellaneous expenses that incurred during the year.

Office Supplies
Miscellaneous office supplies.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Grounds Maintenance:

Pond Maintenance (Water Quality)
Estimated costs to maintain ponds in the District.

Landscape Maintenance
The District has contracted with Sun State Nursery & Landscaping Estimated costs related to maintain the common areas of the District.

Vendor	Description	Monthly	Annual	
Sun State Nursery & Landscaping	Landscape Maintenance Ph1	$6,027	$72,324	
	Landscape Maintenance Ph2	$14,210	$170,520	
	E-Town Recharge Center	$3,320	$39,840	
	Contingency	$193	$2,316	
Total			$285,000	

Landscape Contingency
Estimated costs for other landscape maintenance incurred by the District.

Pump Maintenance
Estimated costs related to maintain the irrigation pumps in the District.

Water/Sewer
Estimated costs for irrigation by the district for water, sewer and irrigation billed by JEA.

Account#	Location	Monthly	Annual	
9022570508	10571 E-Town Pkwy	$3,800	$45,600	
	Contingency	$200	$2,400	
Total			$48,000	

Irrigation Repairs
Estimated miscellaneous irrigation maintenance and repair costs.

Landscape Reserves
For additional landscape services and possible storm cleanup.

Pest Control
The estimated costs for Turner ‘s Pest Control to provide monthly pest control services.

Vendor	Description	Monthly	Annual	
Turner Pest Control	Pest Control	$120	$1,440	
	Contingency	$40	$480	
Total			$1,920	

Other Repairs and Maintenance
Estimated costs for other repairs and maintenance incurred by the district.

Amenity:

Insurance
Estimated Property Insurance policy from Florida Insurance Alliance.

Amenity Manager
The District contracted with Vesta Property Services to provide management services for the Amenity Center.

Lifestyle Manager
The District has contracted with Vesta to provide management Lifestyle management services to assist with special eventa and room rentals.

Pool Maintenance
The District has contracted with Vesta to maintain the Amenity swimming pools.

Pool Chemicals
The District has contracted with Vesta for purchase and delivery of pool chemicals for the maintenance of the Amenity Center swimming pools.

Facility Attendant
The District has contracted with Vesta to provide community facility staff for the amenity center to greet patrons, providing facility tours, issuance of access cards and policy enforcement.

Janitorial Services
The District utilizes the services of Vesta Property Services to provide janitorial services.

Refuse
This item includes Waste Pro Management picking up trash from the receptacles at the Amenity Center.

Vendor	Description	Monthly	Annual	
Waste Pro	Refuse	$105	$1,260	
	Contingency	$20	$240	
Total			$1,500	

Security and Gate Maintenance
Estimated maintenance costs of the security cameras and gate.

Facility Maintenance
The District utilizes the services of Vesta Property Services to provide maintenance and repairs necessary for upkeep of the Amenity Center and common grounds area.

Elevator Maintenance
Estimated costs to provide maintenance and repairs necessary for upkeep of the Amenity Center elevator

Electric
Estimated costs for electric billed to the District by FPL.

Cable and Internet
The District has contracted with Comcast for cable and internet in the Amenity Center.

Account#	Location	Monthly	Annual	
8495741213305280	10571 E-Town Pkwy (Fitness)	$528	$6,339	
8495741213305083	10571 E-Town Pkwy (Outdoor)	$526	$6,312	
	Contingency	$29	$349	
Total			$13,000	

License and Permits
Represents license fees for the amenity center and permit fees paid to the Florida Department of Health in St. Johns County for the swimming pools.

Repair and Replacements
Any costs related to miscellaneous repairs and maintenance that occur during the fiscal year.

Special Events
Represents estimated costs for the District to host special events for the community through the Fiscal Year.

Holiday Decorations
Represents estimated costs for the District to decorate the Amenity center for the holidays.

Fitness Center R&M
Estimated costs to provide maintenance and repairs necessary for upkeep of the Amenity Fitness Center.

Fitness Equipment Rentals
The District has contracted with Macrolease to rent fitness equipment

Vendor	Description	Monthly	Annual	
Macrolease	Fitness equipment Rental	$1,792	$21,504	
	Contingency	$238	$2,856	
Total			$24,360	

Reserve for Amenities
Establishment of general reserve to fund future replacement.

Other Current Charges
Represents miscellaneous costs incurred by the District.

Cypress Bluff
Community Development District Series 2019 Debt Service Fund Adopted Budget

	Adopted
Budget	Actuals
as of	Projected
Next 3	Total
Projected	Adopted
Budget	
Description	FY 2021	6/30/21	Months	9/30/21	FY 2022	

Revenues						
Special Assessments	$	731,680	$	728,119	$	3,561	$	731,680	$	731,682	
Assessments-Prepayments	$	-	$	21,968	$	-	$	21,968	$	-	
Interest Income	$	2,000	$	113	$	45	$	158	$	200	
Carry Forward Surplus	$	279,812	$	312,336	$	-	$	312,336	$	269,727	
Total Revenues	$	1,013,492	$	1,062,536	$	3,606	$ 1,066,143	$ 1,001,609	

Expenditures						
Series 2019
Interest Expense 11/1	
$	265,917	
$	265,917	
$	-	
$	265,917	
$	261,417	
Special Call 11/1	$	-	$	15,000	$	-	$	15,000	$	-	
Interest 2/1	$	-	$	240	$	-	$	240	$	-	
Special Call 2/1	$	-	$	20,000	$	-	$	20,000	$	-	
Principal Expense 5/1	$	195,000	$	200,000	$	-	$	200,000	$	210,000	
Special Call 5/1	$	-	$	15,000	$	-	$	15,000	$	-	
Interest Expense 5/1	$	265,917	$	265,059	$	-	$	265,059	$	261,417	
Interest 8/1	$	-	$	-	$	200	$	200	$	-	
Special Call 8/1	$	-	$	-	$	15,000	$	15,000	$	-	
Total Expenditures	$	726,834	$	781,216	$	15,200	$	796,416	$	732,834	
				
Excess Revenues/(Expenditures)	$	286,658	$	281,321	$ (11,594)	$	269,727	$	268,776	

11/1/22 Interest Payment	$	257,479

Assessments per unit for FY 2022
Development
Type	
Units	Gross
Per Unit	Gross
Assessments (1)	
SF- Active Adult Lots	346	$405	$140,130	
SF- Residential	777	$838	$651,126	
Gross Annual Assessment			$791,256	
Less Disc. + Collections 7.5%			($59,574)	
Net Annual Assessment			$731,682	

include 3.5% collection costs of Duval County and maximum early payment discount

Period
Ending	Annual
Principal	Interest
Rate	
Interest	Annual
Debt	Bond
Balance	
5/1/21	$	200,000		$	265,539		$	10,825,000	
11/1/21			$	261,417	$	726,956	$	10,810,000	
5/1/22	$	210,000	3.75%	$	261,417		$	10,600,000	
11/1/22			$	257,479	$	728,896	$	10,600,000	
5/1/23	$	215,000	3.75%	$	257,479		$	10,385,000	
11/1/23			$	253,448	$	725,928	$	10,385,000	
5/1/24	$	225,000	3.75%	$	253,448		$	10,160,000	
11/1/24			$	249,229	$	727,678	$	10,160,000	
5/1/25	$	235,000	4.125%	$	249,229		$	9,925,000	
11/1/25			$	244,383	$	728,612	$	9,925,000	
5/1/26	$	245,000	4.125%	$	244,383		$	9,680,000	
11/1/26			$	239,329	$	728,712	$	9,680,000	
5/1/27	$	255,000	4.125%	$	239,329		$	9,425,000	
11/1/27			$	234,070	$	728,399	$	9,425,000	
5/1/28	$	265,000	4.125%	$	234,070		$	9,160,000	
11/1/28			$	228,604	$	727,674	$	9,160,000	
5/1/29	$	275,000	4.125%	$	228,604		$	8,885,000	
11/1/29			$	222,933	$	726,537	$	8,885,000	
5/1/30	$	290,000	4.125%	$	222,933		$	8,595,000	
11/1/30			$	215,828	$	728,760	$	8,595,000	
5/1/31	$	305,000	4.90%	$	215,828		$	8,290,000	
11/1/31			$	208,355	$	729,183	$	8,290,000	
5/1/32	$	320,000	4.90%	$	208,355		$	7,970,000	
11/1/32			$	200,515	$	728,870	$	7,970,000	
5/1/33	$	335,000	4.90%	$	200,515		$	7,635,000	
11/1/33			$	192,308	$	727,823	$	7,635,000	
5/1/34	$	350,000	4.90%	$	192,308		$	7,285,000	
11/1/34			$	183,733	$	726,040	$	7,285,000	
5/1/35	$	370,000	4.90%	$	183,733		$	6,915,000	
11/1/35			$	174,668	$	728,400	$	6,915,000	
5/1/36	$	385,000	4.90%	$	174,668		$	6,530,000	
11/1/36			$	165,235	$	724,903	$	6,530,000	
5/1/37	$	405,000	4.90%	$	165,235		$	6,125,000	
11/1/37			$	155,313	$	725,548	$	6,125,000	
5/1/38	$	425,000	4.90%	$	155,313		$	5,700,000	
11/1/38			$	144,900	$	725,213	$	5,700,000	
5/1/39	$	450,000	4.90%	$	144,900		$	5,250,000	

Period
Ending	Annual
Principal	Interest
Rate	
Interest	Annual
Debt	Bond
Balance	
11/1/39			$	133,875	$	728,775	$	5,250,000	
5/1/40	$	470,000	5.10%	$	133,875		$	4,780,000	
11/1/40			$	121,890	$	725,765	$	4,780,000	
5/1/41	$	495,000	5.10%	$	121,890		$	4,285,000	
11/1/41			$	109,268	$	726,158	$	4,285,000	
5/1/42	$	520,000	5.10%	$	109,268		$	3,765,000	
11/1/42			$	96,008	$	725,275	$	3,765,000	
5/1/43	$	550,000	5.10%	$	96,008		$	3,215,000	
11/1/43			$	81,983	$	727,990	$	3,215,000	
5/1/44	$	580,000	5.10%	$	81,983		$	2,635,000	
11/1/44			$	67,193	$	729,175	$	2,635,000	
5/1/45	$	610,000	5.10%	$	67,193		$	2,025,000	
11/1/45			$	51,638	$	728,830	$	2,025,000	
5/1/46	$	640,000	5.10%	$	51,638		$	1,385,000	
11/1/46			$	35,318	$	726,955	$	1,385,000	
5/1/47	$	675,000	5.10%	$	35,318		$	710,000	
11/1/47			$	18,105	$	728,423	$	710,000	
5/1/48	$	710,000	5.10%	$	18,105		$	-	

Total	$ 10,810,000	$	9,094,040	$	19,641,474

Cypress Bluff
Community Development District Series 2020 Debt Service Fund Adopted Budget

	Adopted
Budget	Actuals
as of	Projected
Next 3	Total
Projected	Adopted
Budget	
Description	FY2021	6/30/21	Months	9/30/21	FY 2022	

Revenues						
Special Assessments	$	494,601	$	493,876	$	725	$	494,601	$	494,600	
Interest Income	$	600	$	69	$	30	$	99	$	100	
Carry Forward Surplus	$	494,601	$	494,580	$	-	$	494,580	$	312,416	
Total Revenues	$	989,802	$	988,526	$	755	$	989,280	$	807,116	

Expenditures						
Series 2020
Interest Expense 11/1	
$	204,601	
$	204,601	
$	-	
$	204,601	
$	182,244	
Principal Expense 11/1	$	290,000	$	290,000	$	-	$	290,000	$	130,000	
Interest Expense 5/1	$	182,244	$	182,244	$	-	$	182,244	$	179,709	
Total Expenditures	$	676,845	$	676,845	$	-	$	676,845	$	491,953	

Other Sources/(Uses)						
Transfer Out	$	-	$	(19)	$	-	$	(19)	$	-	
Total Other	$	-	$	(19)	$	-	$	(19)	$	-	

Excess Revenues/(Expenditures)	$

312,957	$

311,662	$

755	$

312,416	$

315,164

11/1/22 Interest Payment	$	179,709
11/1/22 Principal Payment   $	135,000 
TOTAL   $	314,709 

Assessments per unit for FY 2022
Development
Type	Number of
Units	Gross
Per Unit	Gross
Assessments (1)	
SF- Active Adult Lots	172	$405.37	$69,724	
SF- Residential	555	$838.80	$465,534	
Total Gross Assessments			$535,258	
Less Disc. + Collections 7.5%			($40,658)	

12

Period
Ending	
Principal	Interest
Rate	
Interest	Debt
Service	Annual Debt
Service	Bond
Balance	

5/1/21	-	
182,244	
182,244	-	7,415,000	
11/1/21	130,000	3.90%	182,244	312,244	494,488	7,285,000	
5/1/22	-	179,709	179,709	-	7,285,000	
11/1/22	135,000	3.90%	179,709	314,709	494,418	7,150,000	
5/1/23	-	177,076	177,076	-	7,150,000	
11/1/23	140,000	3.90%	177,076	317,076	494,153	7,010,000	
5/1/24	-	174,346	174,346	-	7,010,000	
11/1/24	145,000	3.90%	174,346	319,346	493,693	6,865,000	
5/1/25	-	171,519	171,519	-	6,865,000	
11/1/25	150,000	3.90%	171,519	321,519	493,038	6,715,000	
5/1/26	-	168,594	168,594	-	6,715,000	
11/1/26	155,000	4.35%	168,594	323,594	492,188	6,560,000	
5/1/27	-	165,223	165,223	-	6,560,000	
11/1/27	160,000	4.35%	165,223	325,223	490,445	6,400,000	
5/1/28	-	161,743	161,743	-	6,400,000	
11/1/28	170,000	4.35%	161,743	331,743	493,485	6,230,000	
5/1/29	-	158,045	158,045	-	6,230,000	
11/1/29	175,000	4.35%	158,045	333,045	491,090	6,055,000	
5/1/30	-	154,239	154,239	-	6,055,000	
11/1/30	185,000	4.35%	154,239	339,239	493,478	5,870,000	
5/1/31	-	150,215	150,215	-	5,870,000	
11/1/31	190,000	5.00%	150,215	340,215	490,430	5,680,000	
5/1/32	-	145,465	145,465	-	5,680,000	
11/1/32	200,000	5.00%	145,465	345,465	490,930	5,480,000	
5/1/33	-	140,465	140,465	-	5,480,000	
11/1/33	210,000	5.00%	140,465	350,465	490,930	5,270,000	
5/1/34	-	135,215	135,215	-	5,270,000	
11/1/34	220,000	5.00%	135,215	355,215	490,430	5,050,000	
5/1/35	-	129,715	129,715	-	5,050,000	
11/1/35	235,000	5.00%	129,715	364,715	494,430	4,815,000	
5/1/36	-	123,840	123,840	-	4,815,000	
11/1/36	245,000	5.00%	123,840	368,840	492,680	4,570,000	
5/1/37	-	117,715	117,715	-	4,570,000	
11/1/37	255,000	5.00%	117,715	372,715	490,430	4,315,000	
5/1/38	-	111,340	111,340	-	4,315,000	
11/1/38	270,000	5.00%	111,340	381,340	492,680	4,045,000	
5/1/39	-	104,590	104,590	-	4,045,000	
11/1/39	285,000	5.00%	104,590	389,590	494,180	3,760,000	
5/1/40	-	97,465	97,465	-	3,760,000	
11/1/40	295,000	5.00%	97,465	392,465	489,930	3,465,000	
5/1/41	-	90,090	90,090	-	3,465,000	
11/1/41	310,000	5.20%	90,090	400,090	490,180	3,155,000	
5/1/42	-	82,030	82,030	-	3,155,000	
11/1/42	330,000	5.20%	82,030	412,030	494,060	2,825,000	

Period
Ending	
Principal	Interest
Rate	
Interest	Debt
Service	Annual Debt
Service	Bond
Balance	

5/1/43	
-	73,450	
73,450	
-	2,825,000	
11/1/43	345,000	5.20%	73,450	418,450	491,900	2,480,000	
5/1/44	-	64,480	64,480	-	2,480,000	
11/1/44	365,000	5.20%	64,480	429,480	493,960	2,115,000	
5/1/45	-	54,990	54,990	-	2,115,000	
11/1/45	380,000	5.20%	54,990	434,990	489,980	1,735,000	
5/1/46	-	45,110	45,110	-	1,735,000	
11/1/46	400,000	5.20%	45,110	445,110	490,220	1,335,000	
5/1/47	-	34,710	34,710	-	1,335,000	
11/1/47	420,000	5.20%	34,710	454,710	489,420	915,000	
5/1/48	-	23,790	23,790	-	915,000	
11/1/48	445,000	5.20%	23,790	468,790	492,580	470,000	
5/1/49	-	12,220	12,220	-	470,000	
11/1/49	470,000	5.20%	12,220	482,220	494,440	-	
Total	7,415,000	6,859,263		14,274,263	

Cypress Bluff
Community Development District Series 2020A Debt Service Fund (Del Webb) Adopted Budget

	Proposed
Budget	Actuals
as of	Projected
Next 3	Total
Projected	Adopted
Budget	
Description	FY2021	6/30/21	Months	9/30/21	FY 2022	

Revenues						
Special Assessments	$	424,880	$	426,809	$	-	$	426,809	$	424,769	
Interest Income	$	61	$	53	$	15	$	68	$	100	
Carry Forward Surplus	$	37,806	$	37,790	$	-	$	37,790	$	140,680	
Total Revenues	$	462,747	$	464,653	$	15	$	464,668	$	565,549	

Expenditures						
Series 2020A
Interest Expense 11/1	
$	37,823	
$	37,823	
$	-	
$	37,823	
$	134,139	
Principal Expense 5/1	$	150,000	$	150,000	$	-	$	150,000	$	155,000	
Interest Expense 5/1	$	136,164	$	136,164	$	-	$	136,164	$	134,139	
Total Expenditures	$	323,987	$	323,988	$	-	$	323,988	$	423,279	
						
Excess Revenues/(Expenditures)	$	138,760	$	140,665	$	15	$	140,680	$	142,270	

11/1/22 Interest Payment	$	132,047

Assessments per unit for FY 2022
Lot
Size	Unit
Count	Net Per
Unit	Gross Per
Unit	Gross
Assessments (1)	
40'	188	$669	$724	$136,117	
50'	199	$837	$905	$180,068	
60'	132	$1,004	$1,085	$143,274	
Gross Annual Assessm	ent			$459,459	
Less Disc. + Collections 7.5%	($34,689)
Net Annual Assessment	$424,769

(1) include 3.5% collection costs of Duval County and maximum early payment discount of 4%.

Period Ending	
Principal	Interest Rate	
Interest	
Debt Service	Annual Service	Bond Balance	

5/1/21	
150,000	
2.70%	
136,164	
286,164			
7,525,000	
11/1/21			134,139	134,139	420,304	420,304	7,525,000	
5/1/22	155,000	2.70%	134,139	289,139			7,370,000	
11/1/22			132,047	132,047	421,186	421,186	7,370,000	
5/1/23	160,000	2.70%	132,047	292,047			7,210,000	
11/1/23			129,887	129,887	421,934	421,934	7,210,000	
5/1/24	165,000	2.70%	129,887	294,887			7,045,000	
11/1/24			127,659	127,659	422,546	422,546	7,045,000	
5/1/25	170,000	2.70%	127,659	297,659			6,875,000	
11/1/25			125,364	125,364	423,024	423,024	6,875,000	
5/1/26	175,000	3.13%	125,364	300,364			6,700,000	
11/1/26			122,630	122,630	422,994	422,994	6,700,000	
5/1/27	180,000	3.13%	122,630	302,630			6,520,000	
11/1/27			119,818	119,818	422,448	422,448	6,520,000	
5/1/28	185,000	3.13%	119,818	304,818			6,335,000	
11/1/28			116,927	116,927	421,744	421,744	6,335,000	
5/1/29	190,000	3.13%	116,927	306,927			6,145,000	
11/1/29			113,958	113,958	420,885	420,885	6,145,000	
5/1/30	200,000	3.13%	113,958	313,958			5,945,000	
11/1/30			110,833	110,833	424,791	424,791	5,945,000	
5/1/31	205,000	3.63%	110,833	315,833			5,740,000	
11/1/31			107,118	107,118	422,951	422,951	5,740,000	
5/1/32	210,000	3.63%	107,118	317,118			5,530,000	
11/1/32			103,311	103,311	420,429	420,429	5,530,000	
5/1/33	220,000	3.63%	103,311	323,311			5,310,000	
11/1/33			99,324	99,324	422,635	422,635	5,310,000	
5/1/34	230,000	3.63%	99,324	329,324			5,080,000	
11/1/34			95,155	95,155	424,479	424,479	5,080,000	
5/1/35	235,000	3.63%	95,155	330,155			4,845,000	
11/1/35			90,896	90,896	421,051	421,051	4,845,000	
5/1/36	245,000	3.63%	90,896	335,896			4,600,000	
11/1/36			86,455	86,455	422,351	422,351	4,600,000	
5/1/37	255,000	3.63%	86,455	341,455			4,345,000	
11/1/37			81,833	81,833	423,288	423,288	4,345,000	
5/1/38	265,000	3.63%	81,833	346,833			4,080,000	
11/1/38			77,030	77,030	423,863	423,863	4,080,000	
5/1/39	275,000	3.63%	77,030	352,030			3,805,000	
11/1/39			72,046	72,046	424,076	424,076	3,805,000	
5/1/40	285,000	3.63%	72,046	357,046			3,520,000	
11/1/40			66,880	66,880	423,926	423,926	3,520,000	
5/1/41	295,000	3.80%	66,880	361,880			3,225,000	
11/1/41			61,275	61,275	423,155	423,155	3,225,000	
5/1/42	305,000	3.80%	61,275	366,275			2,920,000	
11/1/42			55,480	55,480	421,755	421,755	2,920,000	
5/1/43	320,000	3.80%	55,480	375,480			2,600,000	
11/1/43			49,400	49,400	424,880	424,880	2,600,000	
5/1/44	330,000	3.80%	49,400	379,400			2,270,000	
11/1/44			43,130	43,130	422,530	422,530	2,270,000	
5/1/45	345,000	3.80%	43,130	388,130			1,925,000	
11/1/45			36,575	36,575	424,705	424,705	1,925,000	

Period Ending	
Principal	Interest Rate	
Interest	
Debt Service	Annual Service	Bond Balance	

5/1/21	
150,000	
2.70%	
136,164	
286,164		
7,525,000	
5/1/46	355,000	3.80%	36,575	391,575		1,570,000	
11/1/46			29,830	29,830	421,405	421,405	1,570,000	
5/1/47	370,000	3.80%	29,830	399,830		1,200,000	
11/1/47			22,800	22,800	422,630	422,630	1,200,000	
5/1/48	385,000	3.80%	22,800	407,800		815,000	
11/1/48			15,485	15,485	423,285	423,285	815,000	
5/1/49	400,000	3.80%	15,485	415,485		415,000	
11/1/49			7,885	7,885	423,370	423,370	415,000	
5/1/50	415,000	3.80%	7,885	422,885			
11/1/50					422,885	422,885		
	7,675,000		5,006,503	12,681,503	12,681,503