Author: Darrin S. Mossing

General Fund

Hemingway Point
Community Development District

General Fund

DATE	

	RATE	

	INTEREST	

	PRINCIPAL	

	TOTAL

Adopted Budget
Fiscal Year 2021

Hemingway Point
Community Development District

August 26, 2020

Hemingway Point
Community Development District

Adopted
Budget
FY 2020

Actual
thru
7/31/2020

Projected
Next
2 Months

Total
Projected at
9/30/2020

Adopted
Budget
FY 2021

 Description	

Revenues

Admin Assessments
Maintenance Assessments
Misc. Income
Carry Forward Surplus

$57,013
$87,826
$0
$57,049

$55,584
$85,624
$156
$78,568

$1,429
$2,202
$0
$0

$57,013
$87,826
$156
$78,568

$57,013
$87,826
$0
$51,406

Total Revenues	$201,888	$219,932	$3,631	$223,563	$196,245
				
Expenditures

Administrative
Supervisor Fees/FICA Taxes
Engineering Fees
Dissemination Agent
Assessment Roll
Attorney Fees
Annual Audit
Trustee Fees
Management Fees
Computer Time
Telephone
Postage
Insurance
Printing & Binding
Legal Advertising
Other Current Charges
Website Compliance
Office Supplies
Dues, Licenses & Subscriptions
Capital Outlay
Total Administrative

$0
$1,500
$2,500
$1,000
$12,000
$4,100
$8,000
$37,080
$250
$100
$200
$6,037
$250
$600
$500
$1,000
$150
$175
$150
$75,592

$6,028
$0
$2,083
$1,000
$12,888
$4,100
$8,000
$30,900
$208
$10
$1,235
$5,894
$579
$655
$703
$833
$129
$175
$0
$75,421

$1,722
$1,500
$417
$0
$4,296
$0
$0
$6,180
$42
$7
$247
$0
$116
$131
$141
$167
$26
$0
$150
$13,418

$7,751
$1,500
$2,500
$1,000
$17,183
$4,100
$8,000
$37,080
$250
$17
$1,482
$5,894
$695
$786
$844
$1,000
$155
$175
$150
$82,811

$10,334
$1,500
$2,500
$1,000
$15,000
$4,200
$8,000
$37,080
$250
$50
$1,000
$6,484
$750
$600
$850
$1,000
$200
$175
$0
$90,973

Maintenance
Security/Pool Attendants
Phone/Internet
Electric
Water
Property Insurance
Repairs & Maintenance
Janitorial Service & Supplies
Pool Maintenance
Landscape Maintenance
Tree Trimming
Operating Supplies
Presure Washing/Painting
Contingencies
Total Maintenance

$30,000
$1,800
$6,000
$10,000
$3,418
$5,000
$5,000
$7,200
$20,000
$3,000
$5,000
$0
$29,878
$126,296

$0
$1,330
$3,911
$592
$3,353
$12,903
$3,706
$4,750
$18,000
$0
$736
$3,426
$0
$52,708

$20,000
$266
$782
$118
$0
$2,581
$741
$950
$3,200
$3,000
$2,500
$2,500
$0
$36,639

$20,000
$1,596
$4,694
$710
$3,353
$15,484
$4,447
$5,700
$21,200
$3,000
$3,236
$5,926
$0
$89,347

$30,000
$1,800
$6,000
$2,500
$3,688
$5,000
$5,000
$7,200
$19,200
$3,000
$5,000
$4,500
$12,383
$105,271

Total Expenditures | $201,888 | | $128,129 | | $50,057 | | $172,157 | | $196,244
Assigned Fund Balance | $0 | | $91,803 | | ($46,426) | | $51,406 | | $0

Hemingway Point
Community Development District

Assessment Table

Administrative Assessments:
Gross Assessment
Less: Disc & Col (5%)
Net Assessment
# Units

Per Unit Gross Assessment

Maintenance Assessments:
Gross Assessment Less: Disc & Col (5%)
Net Assessment
# Units
Per Unit Gross Assessment

$60,014.16
($3,000.71)
$57,013.45
321

$186.96 

$92,448.00 ($4,622.40)
$87,825.60
        321
     $288.00

REVENUES:

Maintenance Assessments
The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all the operating & maintenance expenses for the Fiscal Year in accordance with the adopted budget.

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 4 supervisors attending the estimated 12 meetings. Also included is 7.65% FICA taxes.

Engineering Fees
The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Assessment Roll
The costs associated with preparing, processing and administering the annual assessment place on the County’s tax roll.

Attorney Fees
The District's legal counsel 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 by an Independent Certified Public Accounting Firm.

Trustee Fees
The District bonds are held and administered by a Trustee at Wells Fargo Bank. This represents the banks annual fee.
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – South Florida, LLC.
Computer Time
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.
Telephone
Telephone and fax machine.
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 a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings etc in a newspaper of general circulation.

Administrative: (continued)

Other Current Charges
Bank charges and any other miscellaneous expenses that incurred during the year.
Website Compliance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.
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.

Capital Outlay
Represents any minor capital expenditures the District may need to make during the Fiscal Year such as a file cabinet for District files.

Maintenance:

Security/Pool Attendant
Security will be determined by the Board of Supervisors.
Phone/Internet
The District has an account with Comcast for phone and internet service to the Clubhouse.
Electric
The District has the following accounts with Florida Power & Light:
Acct 04890-39180	11850 SW 252^nd Terrace – Clubhouse
Acct 16670-96067	11880 SW 248^th Street – Guard House

Water
The District has the following account with Miami-Dade Water & Sewer Department:
Acct 2198944399	11850 SW 252^nd Terrace – Clubhouse

Property Insurance
The District has a policy with Egis Insurance & Risk Advisors to cover the Clubhouse and contents.
Repair and Maintenance
Repairs and maintenance within the district.
Janitorial Service & Supplies
The District will enter into an agreement for the cleaning of the Clubhouse.

Pool Maintenance
The District has an agreement with PSM Pools, LLC for the maintenance of the pool. The currently contract is $475.00 per month which includes complete pool and fountain services with chemical, 3 visits per week.

Landscape Maintenance
The District has an agreement with Nicoya Landscaping, Inc.

Tree Trimming
The District has an agreement with Nicoya Landscaping, Inc.
Operating Supplies
Represents any additional supplies needed for the maintenance of the Clubhouse and Guardhouse.
Contingencies
Represents any unforeseen expenditures.

Hemingway Point
Community Development District

	
Debt Service Fund
Series 2013

Adopted
Budget
FY 2020

Actual
thru
7/31/2020

Projected
Next
2 Months

Total
Projected at
9/30/2020

Adopted
Budget
FY 2021

 Description	

Revenues
Special Assessments
Interest Income
Carry Forward Surplus ^(1)

$165,900 | $170,067 | $0 | $170,067 | $165,900
$0 | $2,050 | $150 | $2,200 | $0
$124,341 | $143,891 | $0 | $143,891 | $151,471

Total Revenues	$290,241	$316,008	$150	$316,158	$317,371

$4,331
$40,000
$3,281

$4,331 | $0
$40,000 | $0
$3,281 | $0
$19,219 | $0
$19,219 | $0
$39,319 | $0
$39,319 | $0

$4,331
$40,000
$3,281

$3,281
$40,000
$2,231

$19,219
$19,219

$19,219
$19,219

Expenditures Series 2013

Maturity 2022
Interest 11/1
Principal 11/1
Interest 5/1
Maturity 2032
Interest 11/1
Interest 5/1
Maturity 2042
Interest 11/1
Interest 5/1

	
$19,219
$19,219

Total Expenditures | $164,688 | | $164,687 | | $0 | | $164,687 | | $162,588
EXCESS REVENUES | $125,553 | | $151,321 | | $150 | | $151,471 | | $154,784

$39,319
$39,319

$39,319
$39,319

$39,319
$39,319

11/1/21 Interest
11/1/21 Principal

$	60,768.75
$	40,000.00
$	100,768.75

^(1) Carry forward is net of Reserve Fund requirement.

Gross Assessment | $174,632.00
Less: Disc & Col (5%) | ($8,731.60)
Net Assessment | $165,900.40
# Units (Phase One Project) | 167
Per Unit Net Assessment | $993.42
Per Unit Gross Assessment | $1,045.70

Hemingway Point
Community Development District

Series 2013 (Phase One Project)
Amortization Schedule
2022 Maturity

	
PRINCIPAL
BALANCE

				

1-Nov-13	$355,000.00	5.250%	$12,425.00	$30,000.00
1-May-14	$325,000.00	5.250%	$8,531.25	$0.00	$50,956.25
1-Nov-14	$325,000.00	5.250%	$8,531.25	$30,000.00
1-May-15	$295,000.00	5.250%	$7,743.75	$0.00	$46,275.00
1-Nov-15	$295,000.00	5.250%	$7,743.75	$30,000.00
1-May-16	$265,000.00	5.250%	$6,956.25	$0.00	$44,700.00
1-Nov-16	$265,000.00	5.250%	$6,956.25	$30,000.00
1-May-17	$235,000.00	5.250%	$6,168.75	$0.00	$43,125.00
1-Nov-17	$235,000.00	5.250%	$6,168.75	$35,000.00
1-May-18	$200,000.00	5.250%	$5,250.00	$0.00	$46,418.75
1-Nov-18	$200,000.00	5.250%	$5,250.00	$35,000.00
1-May-19	$165,000.00	5.250%	$4,331.25	$0.00	$44,581.25
1-Nov-19	$165,000.00	5.250%	$4,331.25	$40,000.00
1-May-20	$125,000.00	5.250%	$3,281.25	$0.00	$47,612.50
1-Nov-20	$125,000.00	5.250%	$3,281.25	$40,000.00
1-May-21	$85,000.00	5.250%	$2,231.25	$0.00	$45,512.50
1-Nov-21	$85,000.00	5.250%	$2,231.25	$40,000.00
1-May-22	$45,000.00	5.250%	$1,181.25	$0.00	$43,412.50
1-Nov-22	$45,000.00	5.250%	$1,181.25	$45,000.00

	Total			$103,775.00 		$355,000.00 		$412,593.75 

Hemingway Point
Community Development District

Series 2013 (Phase One Project)
Amortization Schedule
2032 Maturity

	
PRINCIPAL
BALANCE

				

1-Nov-13	$615,000.00	6.250%	$25,625.00	$0.00
1-May-14	$615,000.00	6.250%	$19,218.75	$0.00	$44,843.75
1-Nov-14	$615,000.00	6.250%	$19,218.75	$0.00
1-May-15	$615,000.00	6.250%	$19,218.75	$0.00	$38,437.50
1-Nov-15	$615,000.00	6.250%	$19,218.75	$0.00
1-May-16	$615,000.00	6.250%	$19,218.75	$0.00	$38,437.50
1-Nov-16	$615,000.00	6.250%	$19,218.75	$0.00
1-May-17	$615,000.00	6.250%	$19,218.75	$0.00	$38,437.50
1-Nov-17	$615,000.00	6.250%	$19,218.75	$0.00
1-May-18	$615,000.00	6.250%	$19,218.75	$0.00	$38,437.50
1-Nov-18	$615,000.00	6.250%	$19,218.75	$0.00
1-May-19	$615,000.00	6.250%	$19,218.75	$0.00	$38,437.50
1-Nov-19	$615,000.00	6.250%	$19,218.75	$0.00
1-May-20	$615,000.00	6.250%	$19,218.75	$0.00	$38,437.50
1-Nov-20	$615,000.00	6.250%	$19,218.75	$0.00
1-May-21	$615,000.00	6.250%	$19,218.75	$0.00	$38,437.50
1-Nov-21	$615,000.00	6.250%	$19,218.75	$0.00
1-May-22	$615,000.00	6.250%	$19,218.75	$0.00	$38,437.50
1-Nov-22	$615,000.00	6.250%	$19,218.75	$0.00
1-May-23	$615,000.00	6.250%	$19,218.75	$0.00	$38,437.50
1-Nov-23	$615,000.00	6.250%	$19,218.75	$45,000.00
1-May-24	$570,000.00	6.250%	$17,812.50	$0.00	$82,031.25
1-Nov-24	$570,000.00	6.250%	$17,812.50	$50,000.00
1-May-25	$520,000.00	6.250%	$16,250.00	$0.00	$84,062.50
1-Nov-25	$520,000.00	6.250%	$16,250.00	$50,000.00
1-May-26	$470,000.00	6.250%	$14,687.50	$0.00	$80,937.50
1-Nov-26	$470,000.00	6.250%	$14,687.50	$55,000.00
1-May-27	$415,000.00	6.250%	$12,968.75	$0.00	$82,656.25
1-Nov-27	$415,000.00	6.250%	$12,968.75	$60,000.00
1-May-28	$355,000.00	6.250%	$11,093.75	$0.00	$84,062.50
1-Nov-28	$355,000.00	6.250%	$11,093.75	$65,000.00
1-May-29	$290,000.00	6.250%	$9,062.50	$0.00	$85,156.25
1-Nov-29	$290,000.00	6.250%	$9,062.50	$65,000.00
1-May-30	$225,000.00	6.250%	$7,031.25	$0.00	$81,093.75
1-Nov-30	$225,000.00	6.250%	$7,031.25	$70,000.00
1-May-31	$155,000.00	6.250%	$4,843.75	$0.00	$81,875.00
1-Nov-31	$155,000.00	6.250%	$4,843.75	$75,000.00
1-May-32	$80,000.00	6.250%	$2,500.00	$0.00	$82,343.75
1-Nov-32	$80,000.00	6.250%	$2,500.00	$80,000.00	$82,500.00

	Total			$211,718.75 		$615,000.00 		$826,718.75 

Hemingway Point
Community Development District

Series 2013 (Phase One Project)
Amortization Schedule
2042 Maturity

	
PRINCIPAL
BALANCE

				

1-Nov-13	$1,165,000.00	6.750%	$52,425.00	$0.00
1-May-14	$1,165,000.00	6.750%	$39,318.75	$0.00	$91,743.75
1-Nov-14	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-15	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-15	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-16	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-16	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-17	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-17	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-18	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-18	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-19	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-19	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-20	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-20	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-21	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-21	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-22	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-22	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-23	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-23	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-24	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-24	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-25	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-25	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-26	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-26	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-27	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-27	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-28	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-28	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-29	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-29	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-30	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-30	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-31	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-31	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-32	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-32	$1,165,000.00	6.750%	$39,318.75	$0.00
1-May-33	$1,165,000.00	6.750%	$39,318.75	$0.00	$78,637.50
1-Nov-33	$1,165,000.00	6.750%	$39,318.75	$85,000.00
1-May-34	$1,080,000.00	6.750%	$36,450.00	$0.00	$160,768.75
1-Nov-34	$1,080,000.00	6.750%	$36,450.00	$90,000.00
1-May-35	$990,000.00	6.750%	$33,412.50	$0.00	$159,862.50
1-Nov-35	$990,000.00	6.750%	$33,412.50	$95,000.00
1-May-36	$895,000.00	6.750%	$30,206.25	$0.00	$158,618.75
1-Nov-36	$895,000.00	6.750%	$30,206.25	$105,000.00
1-May-37	$790,000.00	6.750%	$26,662.50	$0.00	$161,868.75
1-Nov-37	$790,000.00	6.750%	$26,662.50	$110,000.00
1-May-38	$680,000.00	6.750%	$22,950.00	$0.00	$159,612.50
1-Nov-38	$680,000.00	6.750%	$22,950.00	$120,000.00
1-May-39	$560,000.00	6.750%	$18,900.00	$0.00	$161,850.00
1-Nov-39	$560,000.00	6.750%	$18,900.00	$125,000.00
1-May-40	$435,000.00	6.750%	$14,681.25	$0.00	$158,581.25
1-Nov-40	$435,000.00	6.750%	$14,681.25	$135,000.00
1-May-41	$300,000.00	6.750%	$10,125.00	$0.00	$159,806.25
1-Nov-41	$300,000.00	6.750%	$10,125.00	$145,000.00
1-May-42	$155,000.00	6.750%	$5,231.25	$0.00	$160,356.25
1-Nov-42	$155,000.00	6.750%	$5,231.25	$155,000.00	$160,231.25

	Total			$1,222,931.25 		$1,165,000.00 		$2,387,931.25 

Hemingway Point
Community Development District

Series 2013 (Phase One Project)
Amortization Schedule
2042 Maturity

	
PRINCIPAL
BALANCE

				

1-Nov-13	$2,135,000.00	6.750%	$81,050.52	$30,000.00
1-May-14	$2,105,000.00	6.750%	$67,068.75	$0.00	$178,119.27
1-Nov-14	$2,105,000.00	6.750%	$67,068.75	$30,000.00
1-May-15	$2,075,000.00	6.750%	$66,281.25	$0.00	$163,350.00
1-Nov-15	$2,075,000.00	6.750%	$66,281.25	$30,000.00
1-May-16	$2,045,000.00	6.750%	$65,493.75	$0.00	$161,775.00
1-Nov-16	$2,045,000.00	6.750%	$65,493.75	$30,000.00
1-May-17	$2,015,000.00	6.750%	$64,706.25	$0.00	$160,200.00
1-Nov-17	$2,015,000.00	6.750%	$64,706.25	$35,000.00
1-May-18	$1,980,000.00	6.750%	$63,787.50	$0.00	$163,493.75
1-Nov-18	$1,980,000.00	6.750%	$63,787.50	$35,000.00
1-May-19	$1,945,000.00	6.750%	$62,868.75	$0.00	$161,656.25
1-Nov-19	$1,945,000.00	6.750%	$62,868.75	$40,000.00
1-May-20	$1,905,000.00	6.750%	$61,818.75	$0.00	$164,687.50
1-Nov-20	$1,905,000.00	6.750%	$61,818.75	$40,000.00
1-May-21	$1,865,000.00	6.750%	$60,768.75	$0.00	$162,587.50
1-Nov-21	$1,865,000.00	6.750%	$60,768.75	$40,000.00
1-May-22	$1,825,000.00	6.750%	$59,718.75	$0.00	$160,487.50
1-Nov-22	$1,825,000.00	6.750%	$59,718.75	$45,000.00
1-May-23	$1,780,000.00	6.750%	$58,537.50	$0.00	$163,256.25
1-Nov-23	$1,780,000.00	6.750%	$58,537.50	$45,000.00
1-May-24	$1,735,000.00	6.750%	$57,131.25	$0.00	$160,668.75
1-Nov-24	$1,735,000.00	6.750%	$57,131.25	$50,000.00
1-May-25	$1,685,000.00	6.750%	$55,568.75	$0.00	$162,700.00
1-Nov-25	$1,685,000.00	6.750%	$55,568.75	$50,000.00
1-May-26	$1,635,000.00	6.750%	$54,006.25	$0.00	$159,575.00
1-Nov-26	$1,635,000.00	6.750%	$54,006.25	$55,000.00
1-May-27	$1,580,000.00	6.750%	$52,287.50	$0.00	$161,293.75
1-Nov-27	$1,580,000.00	6.750%	$52,287.50	$60,000.00
1-May-28	$1,520,000.00	6.750%	$50,412.50	$0.00	$162,700.00
1-Nov-28	$1,520,000.00	6.750%	$50,412.50	$65,000.00
1-May-29	$1,455,000.00	6.750%	$48,381.25	$0.00	$163,793.75
1-Nov-29	$1,455,000.00	6.750%	$48,381.25	$65,000.00
1-May-30	$1,390,000.00	6.750%	$46,350.00	$0.00	$159,731.25
1-Nov-30	$1,390,000.00	6.750%	$46,350.00	$70,000.00
1-May-31	$1,320,000.00	6.750%	$44,162.50	$0.00	$160,512.50
1-Nov-31	$1,320,000.00	6.750%	$44,162.50	$75,000.00
1-May-32	$1,245,000.00	6.750%	$41,818.75	$0.00	$160,981.25
1-Nov-32	$1,245,000.00	6.750%	$41,818.75	$80,000.00
1-May-33	$1,165,000.00	6.750%	$39,318.75	$0.00	$161,137.50
1-Nov-33	$1,165,000.00	6.750%	$39,318.75	$85,000.00
1-May-34	$1,080,000.00	6.750%	$36,450.00	$0.00	$160,768.75
1-Nov-34	$1,080,000.00	6.750%	$36,450.00	$90,000.00
1-May-35	$990,000.00	6.750%	$33,412.50	$0.00	$159,862.50
1-Nov-35	$990,000.00	6.750%	$33,412.50	$95,000.00
1-May-36	$895,000.00	6.750%	$30,206.25	$0.00	$158,618.75
1-Nov-36	$895,000.00	6.750%	$30,206.25	$105,000.00
1-May-37	$790,000.00	6.750%	$26,662.50	$0.00	$161,868.75
1-Nov-37	$790,000.00	6.750%	$26,662.50	$110,000.00
1-May-38	$680,000.00	6.750%	$22,950.00	$0.00	$159,612.50
1-Nov-38	$680,000.00	6.750%	$22,950.00	$120,000.00
1-May-39	$560,000.00	6.750%	$18,900.00	$0.00	$161,850.00
1-Nov-39	$560,000.00	6.750%	$18,900.00	$125,000.00
1-May-40	$435,000.00	6.750%	$14,681.25	$0.00	$158,581.25
1-Nov-40	$435,000.00	6.750%	$14,681.25	$135,000.00
1-May-41	$300,000.00	6.750%	$10,125.00	$0.00	$159,806.25
1-Nov-41	$300,000.00	6.750%	$10,125.00	$145,000.00
1-May-42	$155,000.00	6.750%	$5,231.25	$0.00	$160,356.25
1-Nov-42	$155,000.00	6.750%	$5,231.25	$155,000.00	$160,231.25

	Total			$2,719,263.02 		$2,135,000.00 		$4,854,263.02 

Hemingway Point
Community Development District

	
Debt Service Fund
Series 2014

Adopted
Budget
FY 2020

Actual
thru
7/31/2020

Projected
Next
2 Months

Total
Projected at
9/30/2020

Adopted
Budget
FY 2021

 Description	

Revenues
Special Assessments
Interest Income
Carry Forward Surplus ^(1)

$170,480 | $170,554 | $0 | $170,554 | $170,480
$0 | $1,857 | $150 | $2,007 | $0
$128,617 | $123,846 | $0 | $123,846 | $130,260

Total Revenues		$299,097 		$296,257 		$150 		$296,407 		$300,740 

Expenditures

Series 2014
Interest 11/1
Principal 11/1
Interest 5/1

$61,094
$45,000
$60,053

$61,094
$45,000
$60,053

$0
$0
$0

$61,094
$45,000
$60,053

$60,053
$50,000
$60,053

Total Expenditures | $166,147 | | $166,147 | | $0 | | $166,147 | | $170,106
EXCESS REVENUES | $132,950 | | $130,110 | | $150 | | $130,260 | | $130,634

11/1/21 Interest
11/1/21 Principal

$	58,897.00
$	50,000.00
$	108,897.00

^(1) Carry forward is net of Reserve Fund requirement.

Gross Assessment
Less: Disc & Col (5%)
Net Assessment
# Units (Phase One Project)
Per Unit Net Assessment
Per Unit Gross Assessment

$179,453.12
($8,972.66)
$170,480.46
154
$1,107.02
$1,165.28

Hemingway Point
Community Development Distr

	
Series 2014 (Phase Two Project)
Amortization Schedule
2044 Maturity

PRINCIPAL
BALANCE

  DATE  		RATE			INTEREST			PRINCIPAL			TOTAL	

1-May-15 | $2,500,000.00 | 4.625% | $75,374.50 | $0.00 | $75,374.50
1-Nov-15 | $2,500,000.00 | 4.625% | $57,812.50 | $35,000.00 |
1-May-16 | $2,465,000.00 | 5.250% | $63,984.50 | $0.00 | $156,797.00
1-Nov-16 | $2,465,000.00 | 5.250% | $63,984.50 | $40,000.00 |
1-May-17 | $2,425,000.00 | 4.625% | $63,059.50 | $0.00 | $167,044.00
1-Nov-17 | $2,425,000.00 | 4.625% | $63,059.50 | $40,000.00 |
1-May-18 | $2,385,000.00 | 4.625% | $62,134.50 | $0.00 | $165,194.00
1-Nov-18 | $2,385,000.00 | 4.625% | $62,134.50 | $45,000.00 |
1-May-19 | $2,340,000.00 | 4.625% | $61,094.00 | $0.00 | $168,228.50
1-Nov-19 | $2,340,000.00 | 4.625% | $61,094.00 | $45,000.00 |
1-May-20 | $2,295,000.00 | 4.625% | $60,053.00 | $0.00 | $166,147.00
1-Nov-20 | $2,295,000.00 | 4.625% | $60,053.00 | $50,000.00 |
1-May-21 | $2,245,000.00 | 4.625% | $58,897.00 | $0.00 | $168,950.00
1-Nov-21 | $2,245,000.00 | 4.625% | $58,897.00 | $50,000.00 |
1-May-22 | $2,195,000.00 | 4.625% | $57,740.50 | $0.00 | $166,637.50
1-Nov-22 | $2,195,000.00 | 4.625% | $57,740.50 | $55,000.00 |
1-May-23 | $2,140,000.00 | 4.625% | $56,469.00 | $0.00 | $169,209.50
1-Nov-23 | $2,140,000.00 | 4.625% | $56,469.00 | $55,000.00 |
1-May-24 | $2,085,000.00 | 4.625% | $55,197.00 | $0.00 | $166,666.00
1-Nov-24 | $2,085,000.00 | 4.625% | $55,197.00 | $55,000.00 |
1-May-25 | $2,030,000.00 | 4.625% | $53,925.00 | $0.00 | $164,122.00
1-Nov-25 | $2,030,000.00 | 4.625% | $53,925.00 | $60,000.00 |
1-May-26 | $1,970,000.00 | 4.625% | $52,425.00 | $0.00 | $166,350.00
1-Nov-26 | $1,970,000.00 | 4.625% | $52,425.00 | $65,000.00 |
1-May-27 | $1,905,000.00 | 4.625% | $50,800.00 | $0.00 | $168,225.00
1-Nov-27 | $1,905,000.00 | 4.625% | $50,800.00 | $65,000.00 |
1-May-28 | $1,840,000.00 | 4.625% | $49,175.00 | $0.00 | $164,975.00
1-Nov-28 | $1,840,000.00 | 4.625% | $49,175.00 | $70,000.00 |
1-May-29 | $1,770,000.00 | 4.625% | $47,425.00 | $0.00 | $166,600.00
1-Nov-29 | $1,770,000.00 | 4.625% | $47,425.00 | $75,000.00 |
1-May-30 | $1,695,000.00 | 4.625% | $45,550.00 | $0.00 | $167,975.00
1-Nov-30 | $1,695,000.00 | 4.625% | $45,550.00 | $75,000.00 |
1-May-31 | $1,620,000.00 | 4.625% | $43,675.00 | $0.00 | $164,225.00
1-Nov-31 | $1,620,000.00 | 4.625% | $43,675.00 | $80,000.00 |
1-May-32 | $1,540,000.00 | 4.625% | $41,675.00 | $0.00 | $165,350.00
1-Nov-32 | $1,540,000.00 | 4.625% | $41,675.00 | $85,000.00 |
1-May-33 | $1,455,000.00 | 4.625% | $39,550.00 | $0.00 | $166,225.00
1-Nov-33 | $1,455,000.00 | 4.625% | $39,550.00 | $90,000.00 |
1-May-34 | $1,365,000.00 | 5.400% | $37,300.00 | $0.00 | $166,850.00
1-Nov-34 | $1,365,000.00 | 5.500% | $37,300.00 | $95,000.00 |
1-May-35 | $1,270,000.00 | 5.500% | $34,925.00 | $0.00 | $167,225.00
1-Nov-35 | $1,270,000.00 | 5.500% | $34,925.00 | $100,000.00 |
1-May-36 | $1,170,000.00 | 5.500% | $32,175.00 | $0.00 | $167,100.00
1-Nov-36 | $1,170,000.00 | 5.500% | $32,175.00 | $105,000.00 |
1-May-37 | $1,065,000.00 | 5.500% | $29,287.50 | $0.00 | $166,462.50
1-Nov-37 | $1,065,000.00 | 5.500% | $29,287.50 | $110,000.00 |
1-May-38 | $955,000.00 | 5.500% | $26,262.50 | $0.00 | $165,550.00
1-Nov-38 | $955,000.00 | 5.500% | $26,262.50 | $115,000.00 |
1-May-39 | $840,000.00 | 5.500% | $23,100.00 | $0.00 | $164,362.50
1-Nov-39 | $840,000.00 | 5.500% | $23,100.00 | $120,000.00 |
1-May-40 | $720,000.00 | 5.500% | $19,800.00 | $0.00 | $162,900.00
1-Nov-40 | $720,000.00 | 5.500% | $19,800.00 | $130,000.00 |
1-May-41 | $590,000.00 | 5.500% | $16,225.00 | $0.00 | $166,025.00
1-Nov-41 | $590,000.00 | 5.500% | $16,225.00 | $135,000.00 |
1-May-42 | $455,000.00 | 5.500% | $12,512.50 | $0.00 | $163,737.50
1-Nov-42 | $455,000.00 | 5.500% | $12,512.50 | $145,000.00 |
1-May-43 | $310,000.00 | 5.500% | $8,525.00 | $0.00 | $166,037.50
1-Nov-43 | $310,000.00 | 5.500% | $8,525.00 | $150,000.00 |
1-May-44 | $160,000.00 | 5.500% | $4,400.00 | | $162,925.00
1-Nov-44 | $160,000.00 | 5.500% | $4,400.00 | $160,000.00 | $164,400.00
	Total			$2,547,870.00 		$2,500,000.00 		$5,047,870.00

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