Community Development District Adopted Budget FY2024 Lawson Dunes 1-2 3-7 8 9 Table of Contents General Fund General Fund Narrative Debt Service Fund Series 2022 Amortization Schedule Series 2022 Lawson Dunes Community Development District Adopted Budget General Fund Adopted Actuals Projected Description FBYu2d0g2et3 5/T3h1r/u23 4 MNoexntths P9r/oT3jhe0rc/ut2e3d AFBdYuo2dp0gt2eet4d ADRseesvveeeslnosmpueeersn Ctosntribut ions $$ 2 3 , 8 -00 $$ 4 0 , 0 -00 $$ 4 2 , 5 -00 $$ 8 2 , 5 -00 $$ 3 4 8 , 5 -50 Total Revenues $ 223,800 $ 40,000 $ 42,500 $ 82,500 $ 348,550 Expenditures General & Administrative Supervisor Fees 12,000 $ 1,800 $ 4,000 $ 5,800 $ 12,000 $ Engineering 15,000 $ 280 $ 2,500 $ 2,780 $ 15,000 $ Attorney 25,000 $ 4,079 $ 4,000 $ 8,079 $ 20,000 $ Annual Audit 4,000 $ - $ 3,150 $ 3,150 $ 3,500 $ Assessment Administration 5,000 $ - $ - $ - $ 5,000 $ Arbitrage 450 $ - $ 450 $ 450 $ 450 $ Dissemination 5,000 $ 3,333 $ 1,667 $ 5,000 $ 5,300 $ Trustee Fees 4,050 $ - $ 4,050 $ 4,050 $ 4,050 $ Management Fees 35,000 $ 23,333 $ 11,667 $ 35,000 $ 37,100 $ Information Technology 1,800 $ 1,200 $ 600 $ 1,800 $ 1,800 $ Website Maintenance 1,200 $ 800 $ 400 $ 1,200 $ 1,200 $ Postage & Delivery 1,000 $ 29 $ 80 $ 109 $ 1,000 $ Insurance 5,000 $ 5,000 $ - $ 5,000 $ 5,500 $ Copies 1,000 $ 12 $ 200 $ 212 $ 1,000 $ Legal Advertising 15,000 $ 321 $ 7,500 $ 7,821 $ 5,000 $ Administrative Contingency 5,000 $ - $ 152 $ 152 $ 2,000 $ Office Supplies 625 $ 8 $ 80 $ 88 $ 625 $ Dues, Licenses & Subscriptions 175 $ 175 $ - $ 175 $ 175 $ Total General & Administrative 136,300 $ 40,372 $ 40,495 $ 80,867 $ 120,700 $ 1 Lawson Dunes Community Development District Adopted Budget General Fund Adopted Actuals Projected Description FBYu2d0g2et3 5/T3h1r/u23 4 MNoexntths P9r/oT3jhe0rc/ut2e3d AFBdYuo2dp0gt2eet4d Operations & Maintenance Field Expenditures Property Insurance - $ - $ - $ - $ 10,000 $ Field Management 7,500 $ - $ - $ - $ 15,000 $ Landscape Maintenance 25,000 $ - $ - $ - $ 45,500 $ Landscape Replacement - $ - $ - $ - $ 10,000 $ Pond Maintenance - $ - $ - $ - $ 5,000 $ Irrigation Repairs - $ - $ - $ - $ 7,500 $ Streetlights - $ - $ - $ - $ 30,000 $ Electric - $ - $ - $ - $ 5,000 $ Water & Sewer - $ - $ - $ - $ 10,000 $ Sidewalk & Asphalt Maintenance - $ - $ - $ - $ 2,500 $ General Repairs & Maintenance - $ - $ - $ - $ 10,000 $ Field Contingency 10,000 $ - $ - $ - $ 10,000 $ Subtotal Field Expenditures 42,500 $ - $ - $ - $ 160,500 $ Amenity Expenditures Amenity - Electric - $ - $ - $ - $ 2,000 $ Amenity - Water - $ - $ - $ - $ 2,500 $ Internet - $ - $ - $ - $ 500 $ Playground Lease 20,000 $ - $ - $ - $ 35,000 $ Pest Control - $ - $ - $ - $ 500 $ Janitorial Service - $ - $ - $ - $ 2,550 $ Security Service - $ - $ - $ - $ 10,000 $ Pool Maintenance - $ - $ - $ - $ 5,550 $ Amenity Access Management - $ - $ - $ - $ 1,250 $ Amenity Repairs & Maintenance - $ - $ - $ - $ 5,000 $ Amenity Contingency 25,000 $ - $ - $ - $ 2,500 $ Subtotal Amenity Expenditures 45,000 $ - $ - $ - $ 67,350 $ Total Operations & Maintenance Expenditures 87,500 $ - $ - $ - $ 227,850 $ Total Expenditures 223,800 $ 40,372 $ 40,495 $ 80,867 $ 348,550 $ Excess Revenues/(Expenditures) - $ (372) $ 2,005 $ 1,633 $ - $ Gross Assessments 374,785 $ (Less: Discounts & Collections 7%) (26,235) $ Net Assessments 348,550 $ ERU's Assessable Units ERU/Unit Net Assessment Net Per Unit Gross Per Unit 386.00 386 1.00 $348,550.00 $902.98 $970.95 386.00 386 $348,550.00 Product Single Family Total ERU's 2 Lawson Dunes Community Development District General Fund Narrative Revenues: Assessments The District will levy a non-ad valorem assessment on all the assessable property order to pay for operating expenditures during the fiscal year. within the District in Expenditures: General & Administrative Supervisor Fees C$4h,a8p0t0e rp 1e9r 0y,e Falro priadiad Stota etuactehs S, ualploewrvsi sfoorr feoarc hth Beo taimrde m deevmobteedr ttoo rDeicsetirvicet $ b2u0s0in peesrs manede tminege, tninogt sto. exceed Engineering TpDrhisoetj reDiccittss,t areis.cg td.' isar etetcnetgneiddn aebneycr te, h Deae nBwdo baperrrder ypo faE rSnautgpiioennrev eifrsoiornr gsm, awonnidltl h tbhlyee bDporisaotrvrdiidc tim nMegae gntieannggeesrr, a. rl eevniegwin eienrvionigc esse ravnicde sv atori othues Attorney dTatihtreee ncDtdiesadtnr bciceyt 'tashn leed gB paorla ecrpodua ornafs tSeiuol, pnKe ifrloivnri ssmkoire |se Vatiannndg Wsth, yepk rD,e wipsatilrrlia cbttei oM pnra onavnaigdde irrne.g v gieewne oraf la leggreael mseernvticse, sr etoso tlhuet iDoinsst,r iecttc, .e a.gs. ATonnh nea unDa ials nAtrnuiucdati tli sb aresiqsu. Tirheids bseyr Fvlioceri idsa p Srtoavtiudteeds btoy aDrirBaanrgteo lfoomr eaon, iMndcBepeee,n Hdaernttl eayu &di tB oafr nitess f, iPn.aAn. cial records TaAdshsmee sDinsimisstetrenirct ttA hhdeam sc iocnolilsnetctrrtaiaotcinote nod f wnoitnh- aGdo vvaelronrmemen atassl eMsasmnaegnetm oenn atl lS aesrsveicsessa b–l eC epnrtorpael rFtlyo wriditah iLnL tCh, et oD liesvtryi catn. d Arbitrage aTnh eit Ds iSsetrriiects h2a0s2 c2o bnotrnadc tiessdu wanitche A. MTEC to annually calculate the District’s Arbitrage Rebate Liability on TDwMhihasesnic eaDhmgi resientmrlaaietctinteo tsin s St oer reavqdiudcieirtsei o–dn Cbaeyl nr tethrpeao lS rFteliconurgri driteayq ,LuaLnirCde miEsx ebcnahtssae nfdog rue u pCnoornma ittmesd iSs besorioinends ti2so0s cu2oe2ms i. spTslhuyi eswd c iobthsot nR wdu.i lteh 1G5ocv2e-r1n2m(be)n(t5a)l TTrhues Dteies tFreicets will incur trustee related costs with the issuance of its’ Series 2022 bond. 3 Lawson Dunes Community Development District General Fund Narrative Management Fees The District receives Management, Accounting and Administrative services as part pnArogetr peaelirmmaetitinoetdn w , atitlolh , f iGnroeavcnoecrridnalim nrgee nptoaarnlt dsM , aatrnnananguseacmlr aiepuntditoi Stnse ,r eovtifcc .e bso-Caredn trmale Feltoinrgidsa, , aLdLmC. iTnhiset rsaetrivveic eossfe iarnv cMilcuaednse,a gbbeuumtd aegrneett IRiS Amneedfrppoovrrlbiemecemse,a esMetn in–iotcts nar C otvTeisaoenornctfihr ota nauOlno sfldF foicl cgoopeyrsr, i toed tgoacr f. aL imLnCfmo, risnmugca htfio oarns ftrveaicduhedno o pclrooogntyfee cfrtoeiorn nct,ih neag c,D ccoilsuotnruitdcin t sgwt osirtoahfg tGwe oaavrneedr, ntsmaebrelvneettrsas l, f Moproa snmiateigveeetmi npegansyt, Website Maintenance Su Rmtpeoadptnuariettteoessesr,.in ndtTgsoh ctaeuhnsmeed ec smnoestar tuvisnp icwtleaoisiatn hdii snnG,gc ohl uvothedsertein nDmsgii tesaetnn rtdipac eldt ’rMosf omawrnameaibnags nerimecteene ecnawrtse asSaelestse,rs vdwmi ecieenbns st ais–tc,e cC sobeerancdcutkarrnuaitlcp yesF ,l awoentricidtd.h a f,iC rLheLawCpa tlaels rs mo1ac8ii9na,tt eeFdnlo awrniicdteha, Postage & Delivery T cohrer eDspisotnridcet nicnec, uertsc . charges for mailing of Board meeting agenda packages, overnight deliveries, Insurance AThlleia Dnciset.r ict’s general liability and public official’s liability insurance coverages with Florida Insurance Copies ePnrivnetlionpge asn, edt cB.i nding agenda packages for board meetings, printing of computerized checks, stationary, Legal Advertising aT hnee wDissptaripcet ri so rf egqeunierreadl tcoir acduvlaetriotinse. various notices for monthly Board meetings, public hearings, etc. in aA Bddamnmkiinn ciihsstatrrraagtteiisvv eea nCcadotn aetnginoyg roeytn.h ceyr miscellaneous expenditures incurred during the year that do not fit into any Office Supplies lAanbye lssu, pppaplieers cthliapts m, eatcy. need to be purchased during the fiscal year, e.g., paper, minute books, file folders, 4 Lawson Dunes Community Development District General Fund Narrative Dues, Licenses & Subscriptions The District is required to pay an annual fee to the Florida Department $175. This is the only expenditure under this category for the District. of Economic Opportunity for Operations & Maintenance: Field Expenditures Property Insurance The District’s property insurance coverages with Florida Insurance Alliance. Field Management euRamnteidplai rtilyelas sk.a eecn cmtosau tihnnetts ee,n saattintmecnea.td eS dBe rocvoaisrctdes s mo tfoe o einntiscniltguesd f eiae nolddn msrietaecne iainvgseep meacnetndiot rnoefss ,c pmoonentedrta itcnotgs sp f orwori ptthheer ct Doy niosttwrrainccetto rs rupsc,h hmo anosen l aictnaodlrlissnc agan podef Landscape Maintenance tRheep irnessteanlltast tiohne oesf tliamnadtsecda pmea minatteenraianlc hea osf bteheen l acnodmspcaleptiendg. within the common areas of the District after L R aenpdrescsaepnets R tehpel aecsetimmeantte d cost of replacing landscaping within the common areas of the District. Pond Maintenance Represents the estimated cost of maintaining ponds in the District. Irrigation Repairs iRreripgraetsioennt ws tehlles .c ost of maintaining and repairing the irrigation system. This includes the sprinklers, and Streetlights pRleapcree tshernotus gthhoeu cto tshte t foi smcaali nyetaairn. street lights within the District Boundaries that are expected to be in Electric Represents estimated electric charges of common areas throughout the District. Water & Sewer RDeisptrreicste. n ts estimated costs for water and refuse services provided for common areas throughout the 5 Lawson Dunes Community Development District General Fund Narrative Sidewalk & Asphalt Maintenance Represents the estimated costs of maintaining the sidewalks and asphalt throughout Boundary. the District’s GReenperreasle Rntesp aesirtsim &a Mteadi nctoesntas nfocer general repairs and maintenance of the District’s common areas. Field Contingency dRoe pnroets feint tins tfou nadnsy afileloldc actaetde gtoor eyx. penditures that the District could incur throughout the fiscal year that 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 Internet service will be added for use at the Amenity Center. Playground Lease The District will enter into a leasing agreement for playgrounds installed in the community. Pest Control The District will incur costs for pest control treatments to its amenity facilities. Janitorial Services Represents estimated costs to provide janitorial services and supplies for the District’s amenity facilities. Security Services fRaecpilriteiseesn. ts the estimated cost of contracting a monthly security service for the District’s amenity Pool Maintenance Represents the estimated costs of regular cleaning and treatments of the District’s pool. Amenity Access Management Rmeopnrietoserinntgs athccee csos stto wthiteh D Gisotvriecrtn’sm aemnetanli tMy afancaiglietimese n t Services – Central Florida LLC of managing and 6 Lawson Dunes Community Development District General Fund Narrative Amenity Represe nRtesp easitrism &a tMedai cnotesntsa fnocre r epairs and maintenance of the District’s amenity facilities. Amenity Contingency dRoe pnroets feint tins tfou nadnsy aalmloecnaitteyd c taot eegxopreyn. ditures that the District could incur throughout the fiscal year that 7 Lawson Dunes Community Development District Adopted Budget Debt Service Fund Series 2022 Adopted Actuals Projected Description FBYu2d0g2et3 5/T3h1r/u23 4 MNoexntths P9r/oT3jhe0rc/ut2e3d AFBdYuo2dp0gt2eet4d ICTAAARnaerssstrsssavereeeneryssssensssffsoemmmutrre eeewIsnnnnatttrsssd -- SLPuroretpp Clalu oyssminegnsts $$$$$$ 27 49 ,, 13 ----1116 $$$$$$ 34 115 6879 ,,,, 7534 --52023615 $$$$$$ 1 , 22 929 4981 ,,,, 7851 --05555383 $$$$$$ 1 , 2234 92189 468177,,,,,,773139057256538133 $$$$$$ 36 18 59 ,, 12 ----1407 Total Revenues $ 1,003,427 $ 802,004 $ 1,624,269 $ 2,426,273 $ 1,004,358 Expenditures IIISPnnnprtttieneeecrrrciaeeeiplsss Cattt la--- - l158 l5 //1-/ 11/811/1 $$$$$ 122 289 459 ,,, 003 --018011 $$$$$ 122 289 459 ,,, 003 --018011 $$$$$ 1 , 3 81 57 ,, 07 ---0400 $$$$$ 1 , 3122 8128957459,,,,,070030401800011 $$$$$ 122 667 000 ,,, 044 --055066 Total Expenditures $ 708,392 $ 708,392 $ 1,402,740 $ 2,111,132 $ 690,913 Excess Revenues/(Expenditures) $ 295,034 $ 93,612 $ 221,528 $ 315,140 $ 313,445 Interest Payment 11/1/24 $ 256,738 Assessable Units Maximum Annual Debt Service Net Per Unit Gross Per Unit 123448246 $$$246088926,,,266101707 $$12,,061508..0403 $$12,,177704..1359 Product Single FSianmgilley F -a Pmaiildy Down 8 Lawson Dunes Community Development District Special Assessment Bonds Series 2022 Amortization Schedule DATE BALANCE PRINCIPAL INTEREST TOTAL 11/01/23 10,430,000.00 $ - $ 260,456.25 $ 260,456.25 $ 05/01/24 10,430,000.00 $ 170,000.00 $ 260,456.25 $ - $ 11/01/24 10,260,000.00 $ - $ 256,737.50 $ 687,193.75 $ 05/01/25 10,260,000.00 $ 175,000.00 $ 256,737.50 $ - $ 11/01/25 10,085,000.00 $ - $ 252,909.38 $ 684,646.88 $ 05/01/26 10,085,000.00 $ 185,000.00 $ 252,909.38 $ - $ 11/01/26 9,900,000.00 $ - $ 248,862.50 $ 686,771.88 $ 05/01/27 9,900,000.00 $ 195,000.00 $ 248,862.50 $ - $ 11/01/27 9,705,000.00 $ - $ 244,596.88 $ 688,459.38 $ 05/01/28 9,705,000.00 $ 200,000.00 $ 244,596.88 $ - $ 11/01/28 9,505,000.00 $ - $ 239,846.88 $ 684,443.75 $ 05/01/29 9,505,000.00 $ 210,000.00 $ 239,846.88 $ - $ 11/01/29 9,295,000.00 $ - $ 234,859.38 $ 684,706.25 $ 05/01/30 9,295,000.00 $ 220,000.00 $ 234,859.38 $ - $ 11/01/30 9,075,000.00 $ - $ 229,634.38 $ 684,493.75 $ 05/01/31 9,075,000.00 $ 230,000.00 $ 229,634.38 $ - $ 11/01/31 8,845,000.00 $ - $ 224,171.88 $ 683,806.25 $ 05/01/32 8,845,000.00 $ 245,000.00 $ 224,171.88 $ - $ 11/01/32 8,600,000.00 $ - $ 218,353.13 $ 687,525.00 $ 05/01/33 8,600,000.00 $ 255,000.00 $ 218,353.13 $ - $ 11/01/33 8,345,000.00 $ - $ 211,978.13 $ 685,331.25 $ 05/01/34 8,345,000.00 $ 270,000.00 $ 211,978.13 $ - $ 11/01/34 8,075,000.00 $ - $ 205,228.13 $ 687,206.25 $ 05/01/35 8,075,000.00 $ 285,000.00 $ 205,228.13 $ - $ 11/01/35 7,790,000.00 $ - $ 198,103.13 $ 688,331.25 $ 05/01/36 7,790,000.00 $ 295,000.00 $ 198,103.13 $ - $ 11/01/36 7,495,000.00 $ - $ 190,728.13 $ 683,831.25 $ 05/01/37 7,495,000.00 $ 310,000.00 $ 190,728.13 $ - $ 11/01/37 7,185,000.00 $ - $ 182,978.13 $ 683,706.25 $ 05/01/38 7,185,000.00 $ 330,000.00 $ 182,978.13 $ - $ 11/01/38 6,855,000.00 $ - $ 174,728.13 $ 687,706.25 $ 05/01/39 6,855,000.00 $ 345,000.00 $ 174,728.13 $ - $ 11/01/39 6,510,000.00 $ - $ 166,103.13 $ 685,831.25 $ 05/01/40 6,510,000.00 $ 365,000.00 $ 166,103.13 $ - $ 11/01/40 6,145,000.00 $ - $ 156,978.13 $ 688,081.25 $ 05/01/41 6,145,000.00 $ 380,000.00 $ 156,978.13 $ - $ 11/01/41 5,765,000.00 $ - $ 147,478.13 $ 684,456.25 $ 05/01/42 5,765,000.00 $ 400,000.00 $ 147,478.13 $ - $ 11/01/42 5,365,000.00 $ - $ 137,478.13 $ 684,956.25 $ 05/01/43 5,365,000.00 $ 420,000.00 $ 137,478.13 $ - $ 11/01/43 4,945,000.00 $ - $ 126,715.63 $ 684,193.75 $ 05/01/44 4,945,000.00 $ 445,000.00 $ 126,715.63 $ - $ 11/01/44 4,500,000.00 $ - $ 115,312.50 $ 687,028.13 $ 05/01/45 4,500,000.00 $ 465,000.00 $ 115,312.50 $ - $ 11/01/45 4,035,000.00 $ - $ 103,396.88 $ 683,709.38 $ 05/01/46 4,035,000.00 $ 490,000.00 $ 103,396.88 $ - $ 11/01/46 3,545,000.00 $ - $ 90,840.63 $ 684,237.50 $ 05/01/47 3,545,000.00 $ 515,000.00 $ 90,840.63 $ - $ 11/01/47 3,030,000.00 $ - $ 77,643.75 $ 683,484.38 $ 05/01/48 3,030,000.00 $ 545,000.00 $ 77,643.75 $ - $ 11/01/48 2,485,000.00 $ - $ 63,678.13 $ 686,321.88 $ 05/01/49 2,485,000.00 $ 575,000.00 $ 63,678.13 $ - $ 11/01/49 1,910,000.00 $ - $ 48,943.75 $ 687,621.88 $ 05/01/50 1,910,000.00 $ 605,000.00 $ 48,943.75 $ - $ 11/01/50 1,305,000.00 $ - $ 33,440.63 $ 687,384.38 $ 05/01/51 1,305,000.00 $ 635,000.00 $ 33,440.63 $ - $ 11/01/51 670,000.00 $ - $ 17,168.75 $ 685,609.38 $ 05/01/52 670,000.00 $ 670,000.00 $ 17,168.75 $ 687,168.75 $ 10,430,000.00 $ 9,718,700.00 $ 20,148,700.00 $ 9