RESOLUTION 2022-03

WHEREAS, the Board of Supervisors, hereinafter referred to as the “Board”, of the Cypress Bluff Community Development District, hereinafter referred to as “District”, adopted a Series 2021 Debt Service Fund Budget for fiscal year 2022, and

WHEREAS, the Board desires to reallocate funds budgeted to re-appropriate Revenues and Expenses approved during the Fiscal Year.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ABERDEEN COMMUNITY DEVELOPMENT DISTRICT TO THE FOLLOWING:

The Series 2021 Debt Service Fund Budget is hereby adopted in accordance with Exhibit “A” attached.

This resolution shall become effective this 22nd day of February 2022 and be reflected in the monthly and fiscal Year End 9/30/2022 Financial Statements and Audit Report of the District

Cypress Bluff

Community Development District

Attest:

by:		 Chairman

by:		 Secretary

CYPRESS BLUFF CDD RESOLUTION 2022-03
EXHIBIT A

Cypress Bluff
Community Development District Series 2021 Debt Service Fund Proposed Budget

	Adopted	Increase
Budget	(decrease)	Proposed
Budget	Actuals
as of	
Description	FY2022	FY2022	FY2022	1/31/22	

Revenues				
Bond Proceeds	$	-	$	28,422	$	28,422	$	28,422	
Net Premium on Bond	$	-	$	29,203	$	29,203	$	29,203	
Special Assessments- Direct	$	-	$	115,250	$	115,250	$	-	
Interest Income	$	-	$	100	$	100	$	-	
Total Revenues	$	-	$	172,975	$	172,975	$	57,625	

Expenditures				
Series 2021
Principal Expense 5/1	
$	-	$	40,000	
$	40,000	
$	-	
Interest Expense 5/1	$	-	$	35,731	$	35,731	$	-	
Total Expenditures	$	-	$	75,731	$	75,731	$	-	
				
Excess Revenues/(Expenditures)	$	-	$	97,244	$	97,244	$	57,625	

11/1/22 Interest Payment	$	34,878

7

Cypress Bluff Community Development District
Special Assessment Revenue Bonds, Series 2021

PERIOD	
PRINCIPAL	
COUPON	
INTEREST	DEBT SERVICE	
ANNUAL	
BALANCE	

10/29/21						$ 2,045,000.00	
5/1/22	$	40,000.00	2.30%	$	35,730.77	$ 75,730.77		$ 2,005,000.00	
11/1/22			$	34,878.13	$ 34,878.13	$ 110,608.90	$ 2,005,000.00	
5/1/23	$	45,000.00	2.30%	$	34,878.13	$ 79,878.13		$ 1,960,000.00	
11/1/23			$	34,360.63	$ 34,360.63	$ 114,238.76	$ 1,960,000.00	
5/1/24	$	45,000.00	2.30%	$	34,360.63	$ 79,360.63		$ 1,915,000.00	
11/1/24			$	33,843.13	$ 33,843.13	$ 113,203.76	$ 1,915,000.00	
5/1/25	$	45,000.00	2.30%	$	33,843.13	$ 78,843.13		$ 1,870,000.00	
11/1/25			$	33,325.63	$ 33,325.63	$ 112,168.76	$ 1,870,000.00	
5/1/26	$	45,000.00	2.30%	$	33,325.63	$ 78,325.63		$ 1,825,000.00	
11/1/26			$	32,808.13	$ 32,808.13	$ 111,133.76	$ 1,825,000.00	
5/1/27	$	50,000.00	2.88%	$	32,808.13	$ 82,808.13		$ 1,775,000.00	
11/1/27			$	32,089.38	$ 32,089.38	$ 114,897.51	$ 1,775,000.00	
5/1/28	$	50,000.00	2.88%	$	32,089.38	$ 82,089.38		$ 1,725,000.00	
11/1/28			$	31,370.63	$ 31,370.63	$ 113,460.01	$ 1,725,000.00	
5/1/29	$	50,000.00	2.88%	$	31,370.63	$ 81,370.63		$ 1,675,000.00	
11/1/29			$	30,651.88	$ 30,651.88	$ 112,022.51	$ 1,675,000.00	
5/1/30	$	50,000.00	2.88%	$	30,651.88	$ 80,651.88		$ 1,625,000.00	
11/1/30			$	29,933.13	$ 29,933.13	$ 110,585.01	$ 1,625,000.00	
5/1/31	$	55,000.00	2.88%	$	29,933.13	$ 84,933.13		$ 1,570,000.00	
11/1/31			$	29,142.50	$ 29,142.50	$ 114,075.63	$ 1,570,000.00	
5/1/32	$	55,000.00	3.30%	$	29,142.50	$ 84,142.50		$ 1,515,000.00	
11/1/32			$	28,235.00	$ 28,235.00	$ 112,377.50	$ 1,515,000.00	
5/1/33	$	55,000.00	3.30%	$	28,235.00	$ 83,235.00		$ 1,460,000.00	
11/1/33			$	27,327.50	$ 27,327.50	$ 110,562.50	$ 1,460,000.00	
5/1/34	$	60,000.00	3.30%	$	27,327.50	$ 87,327.50		$ 1,400,000.00	
11/1/34			$	26,337.50	$ 26,337.50	$ 113,665.00	$ 1,400,000.00	
5/1/35	$	60,000.00	3.30%	$	26,337.50	$ 86,337.50		$ 1,340,000.00	
11/1/35			$	25,347.50	$ 25,347.50	$ 111,685.00	$ 1,340,000.00	
5/1/36	$	65,000.00	3.30%	$	25,347.50	$ 90,347.50		$ 1,275,000.00	
11/1/36			$	24,275.00	$ 24,275.00	$ 114,622.50	$ 1,275,000.00	
5/1/37	$	65,000.00	3.30%	$	24,275.00	$ 89,275.00		$ 1,210,000.00	
11/1/37			$	23,202.50	$ 23,202.50	$ 112,477.50	$ 1,210,000.00	
5/1/38	$	70,000.00	3.30%	$	23,202.50	$ 93,202.50		$ 1,140,000.00	
11/1/38			$	22,047.50	$ 22,047.50	$ 115,250.00	$ 1,140,000.00	
5/1/39	$	70,000.00	3.30%	$	22,047.50	$ 92,047.50		$ 1,070,000.00	
11/1/39			$	20,892.50	$ 20,892.50	$ 112,940.00	$ 1,070,000.00	
5/1/40	$	70,000.00	3.30%	$	20,892.50	$ 90,892.50		$ 1,000,000.00	
11/1/40			$	19,737.50	$ 19,737.50	$ 110,630.00	$ 1,000,000.00	
5/1/41	$	75,000.00	3.30%	$	19,737.50	$ 94,737.50		$	925,000.00	
11/1/41			$	18,500.00	$ 18,500.00	$ 113,237.50	$	925,000.00	
5/1/42	$	75,000.00	4.00%	$	18,500.00	$ 93,500.00		$	850,000.00	
11/1/42			$	17,000.00	$ 17,000.00	$ 110,500.00	$	850,000.00	
5/1/43	$	80,000.00	4.00%	$	17,000.00	$ 97,000.00		$	770,000.00	
11/1/43			$	15,400.00	$ 15,400.00	$ 112,400.00	$	770,000.00	
5/1/44	$	85,000.00	4.00%	$	15,400.00	$ 100,400.00		$	685,000.00	
11/1/44			$	13,700.00	$ 13,700.00	$ 114,100.00	$	685,000.00	
5/1/45	$	85,000.00	4.00%	$	13,700.00	$ 98,700.00		$	600,000.00	
11/1/45			$	12,000.00	$ 12,000.00	$ 110,700.00	$	600,000.00	
5/1/46	$	90,000.00	4.00%	$	12,000.00	$ 102,000.00		$	510,000.00	
11/1/46			$	10,200.00	$ 10,200.00	$ 112,200.00	$	510,000.00	
5/1/47	$	95,000.00	4.00%	$	10,200.00	$ 105,200.00		$	415,000.00	
11/1/47			$	8,300.00	$	8,300.00	$ 113,500.00	$	415,000.00	
5/1/48	$	100,000.00	4.00%	$	8,300.00	$ 108,300.00		$	315,000.00	
11/1/48			$	6,300.00	$	6,300.00	$ 114,600.00	$	315,000.00	
5/1/49	$	100,000.00	4.00%	$	6,300.00	$ 106,300.00		$	215,000.00	
11/1/49			$	4,300.00	$	4,300.00	$ 110,600.00	$	215,000.00	
5/1/50	$	105,000.00	4.00%	$	4,300.00	$ 109,300.00		$	110,000.00	
11/1/50			$	2,200.00	$	2,200.00	$ 111,500.00	$	110,000.00	
5/1/51	$	110,000.00	4.00%	$	2,200.00	$ 112,200.00		$	-	
11/1/51					$ 112,200.00		
	$ 2,045,000.00		$ 1,331,142.11