West Villages	
Improvement District	

Amended Final Budget For	
Fiscal Year 2023/2024	
October 1, 2023 - September 30, 2024	

WEST VILLAGES IMPROVEMT DISTRICT
FY 2023/2024 AMENDED FINAL BUDGET

TABLE OF CONTENTS

Budget Summary

All Units Comparison	1	

Amended Final Operating Fund Budget - District Proper	2	

Amended Final Operating Fund Budget - Unit 1	3	

Amended Final Operating Fund Budget - Unit 2	4	

Amended Final Operating Fund Budget - Unit 3	5	

Amended Final Operating Fund Budget - Unit 4	6	

Amended Final Operating Fund Budget - Unit 5	7	

Amended Final Operating Fund Budget - Unit 7	8	

Amended Final Operating Fund Budget - Unit 8	9	

Amended Final Operating Fund Budget - Unit 9	10	

Amended Final Operating Fund Budget - Unit 10	11	

Debt Service

Amended Final Debt Service Fund Budget - Unit 1	12	

Amended Final Debt Service Fund Budget - Unit 2	13	

Amended Final Debt Service Fund Budget - Unit 3	14	

Amended Final Debt Service Fund Budget - Unit 4	15	

Amended Final Debt Service Fund Budget - Baseball Stadium	16	

Amended Final Debt Service Fund Budget - Unit 7 (Series 2019 Master & Village B)	17	

Amended Final Debt Service Fund Budget - Unit 7 (Series 2021 & 2023)	18	

Amended Final Debt Service Fund Budget - Unit 8 (Master & Neighborhood)	19	

Amended Final Debt Service Fund Budget - Unit 9 (Series 2023)	20	

Amended Final Debt Service Fund Budget - Unit 10 (Series 2024)	21	

AMENDED FINAL BUDGET COMPARISON - ALL UNITS
WEST VILLAGES IMPROVEMENT DISTRICT

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

REVENUES							
O & M ASSESSMENTS		4,590,345		4,520,671		4,520,671	
O & M ASSESSMENTS - DIRECT BILL		522,297		526,114		526,114	
DEBT ASSESSMENTS		9,425,304		8,167,836		8,167,836	
DEBT DIRECT BILL		7,321,462		2,655,314		2,655,314	
INTEREST INCOME		1,000		423,667		423,667	
DEVELOPER CONTRIBUTION		51,672		247,624		247,624	
OTHER REVENUES		435,000		650,538		650,538	
OTHER REVENUES - EQUIP PURCHASE REIMBURSEMENT		0		0		0	
OTHER REVENUES - TRANSPORT IMPACT		0		4,085,225		4,085,225	
BOND PREPAYMENTS		0		0		0	
BOND PREPAYMENTS TO TRUSTEE		0		0		0	
CARRY OVER FUNDS FROM PRIOR YEAR		18,205		0		0	
Total Revenues		$	22,365,286		$	21,276,988		$	21,276,988	

EXPENDITURES					
BASEBALL FACILITY EXPENSES		25,000	30,000	30,000	
INFRASTRUCTURE MAINTENANCE		3,809,127	3,095,000	2,935,176	
GIS PROJECT		20,000	12,000	11,138	
ENGINEERING		122,000	207,000	180,132	
MANAGEMENT		156,621	168,626	168,625	
OPERATIONS ADMINISTRATION		169,800	169,800	169,800	
LEGAL		173,000	271,000	224,126	
ASSESSMENT ROLL		18,000	18,000	18,000	
AUDIT FEES		30,000	30,000	29,091	
ARBITRAGE REBATE FEE		10,000	9,200	6,500	
RENTS & LEASES		15,000	15,000	14,832	
INSURANCE		73,000	100,000	98,246	
LEGAL ADVERTISING		5,000	14,000	12,519	
MISCELLANEOUS		31,800	71,175	36,146	
VEHICLES		0	0	0	
POSTAGE		3,000	10,000	8,765	
OFFICE SUPPLIES		15,000	105,000	98,764	
TRUSTEE FEES		50,100	51,600	47,552	
WEBSITE		1,500	1,500	1,500	
CONTINUING DISCLOSURE FEE		6,500	7,000	7,000	
CONTIN / CAPITAL OUTLAY / REIMB		610,000	5,000,000	4,808,891	
EQUIP PURCHASE FOR OTHER GOVS		0	0	0	
Total Expenditures		$	5,344,448	$	9,385,901	$	8,906,803	

EXCESS OR (SHORTFALL)		$	17,020,838		$	11,891,087		$	12,370,185	

DEBT PAYMENT TO TRUSTEE (ALL UNITS)										
BALANCE		$	817,882		$	1,474,756		$	1,953,854	

COUNTY APPRAISER & TAX COLLECTOR FEE	
DISCOUNTS FOR EARLY PAYMENTS	

(272,627)	(123,844)	(123,844)	
(545,255)	(472,329)	(472,329)	

   

(16,202,956)	(10,416,331)	(10,416,331)	

NET EXCESS/SHORTFALL	$

-	$	878,583	$

1,357,681

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

REVENUES					
O & M ASSESSMENTS		265,586	262,460	262,460	
O & M DIRECT BILL		24,330	0	0	
DEBT ASSESSMENTS		0	0	0	
DEBT DIRECT BILL		0	0	0	
INTEREST INCOME		1,000	336,720	336,720	
DEVELOPER CONTRIBUTION		0	0	0	
OTHER REVENUES		0	13,330	13,330	
OTHER REVENUES - TRANSPORT IMPACT		0	0	0	
OTHER REVENUES - EQUIPMENT PURCHASE		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		18,205	0	0	
Total Revenues		$	309,121	$	612,509	$	612,509	

EXPENDITURES					
GIS PROJECT		20,000	12,000	11,138	
ENGINEERING		20,000	45,000	41,728	
MANAGEMENT		60,586	60,586	60,586	
OPERATIONS ADMINISTRATION		36,600	36,600	36,600	
LEGAL		35,000	150,000	139,180	
ASSESSMENT ROLL		7,500	7,500	7,500	
ANNUAL AUDIT		6,000	6,000	5,821	
ARBITRAGE REBATE FEE		0	0	0	
RENTS & LEASES		15,000	15,000	14,832	
INSURANCE		73,000	100,000	98,246	
LEGAL ADVERTISING		5,000	14,000	12,519	
MISCELLANEOUS		5,000	45,000	35,806	
VEHICLES		0	0	0	
POSTAGE		3,000	10,000	8,765	
OFFICE SUPPLIES/ MARKETING		5,000	105,000	98,764	
DUES & SUBSCRIPTIONS		0	175	175	
TRUSTEE FEES		0	0	0	
CONTINUING DISCLOSURE FEE		0	0	0	
WEBSITE		1,500	1,500	1,500	
EQUIPMENT PURCHASE FOR OTHER GOV		0	0	0	
CAPITAL OUTLAY		0	0	0	
Total Expenditures		$	293,186	$	608,361	$	573,159	

EXCESS OR (SHORTFALL)		$	15,935	$	4,148	$	39,350	

PAYMENT TO TRUSTEE			
-		
-		
-	
BALANCE		$	15,935	$	4,148	$	39,350	

COUNTY APPRAISER & TAX COLLECTOR FEE	
DISCOUNTS FOR EARLY PAYMENTS	

(5,312)	
(10,623)	

(2,525)	
(9,428)	

(2,525)	
(9,428)	

 

NET EXCESS/SHORTFALL	$

-	$	(7,805)	$

27,397

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

REVENUES					
O & M ASSESSMENTS		3,402,457	3,358,723	3,358,723	
O & M DIRECT BILL		0	0	0	
DEBT ASSESSMENTS		2,526,590	2,494,778	2,494,778	
DEBT DIRECT BILL		0	0	0	
INTEREST		0	54,802	54,802	
DEVELOPER CONTRIBUTION		0	172,481	172,481	
OTHER REVENUES		0	131,195	131,195	
OTHER REVENUES - TRANSPORT IMPACT		0	4,085,225	4,085,225	
OTHER REVENUES - EQUIP PURCHASE REIMBURSEMENT		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
Total Revenues		$	5,929,047	$	10,297,203	$	10,297,203	

EXPENDITURES					
INFRASTRUCTURE MAINTENANCE		2,894,805	2,500,000	2,397,395	
GIS PROJECT		0	0	0	
ENGINEERING		25,000	70,000	60,589	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS ADMINISTRATION		33,300	33,300	33,300	
LEGAL		35,000	65,000	55,102	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,000	2,909	
ARBITRAGE REBATE FEE		1,500	1,300	650	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		1,700	1,000	15	
POSTAGE		0	0	0	
OFFICE SUPPLIES		10,000	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		5,000	5,000	4,246	
CONTINUING DISCLOSURE FEE		500	500	500	
WEBSITE		0	0	0	
CAPITAL OUTLAY		175,000	5,000,000	4,808,891	
EQUIP PURCHASE FOR OTHER GOVS		0	0	0	
Total Expenditures		$	3,198,310	$	7,692,605	$	7,377,102	

EXCESS OR (SHORTFALL)		$	2,730,737	$	2,604,598	$	2,920,100	

PAYMENT TO TRUSTEE						
BALANCE		$	355,743	$	235,343	$	550,846	

COUNTY APPRAISER & TAX COLLECTOR FEE	(118,581)	(56,224)	(56,224)	
DISCOUNTS FOR EARLY PAYMENTS	(237,162)	(210,218)	(210,218)	

(2,374,994)	(2,369,255)	(2,369,255)	

 

NET EXCESS/SHORTFALL	$

-	$	(31,100)  $

284,403

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

REVENUES					
O & M ASSESSMENTS		57,293	31,441	31,441	
O & M DIRECT BILL		0	0	0	
DEBT ASSESSMENTS		2,703,323	1,443,554	1,443,554	
DEBT DIRECT BILL		0	0	0	
INTEREST		0	0	0	
DEVELOPER CONTRIBUTION		0	0	0	
OTHER REVENUES		0	0	0	
BOND PREPAYMENTS		0	0	0	
BOND PREPAYMENTS TO TRUSTEE		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
Total Revenues		$	2,760,616	$	1,474,995	$	1,474,995	

EXPENDITURES					
INFRASTRUCTURE MAINTENANCE		0	0	0	
ENGINEERING		2,000	3,000	2,040	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS ADMINISTRATION		15,650	15,650	15,650	
LEGAL		10,000	2,000	1,203	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,000	2,909	
ARBITRAGE REBATE FEE		1,500	1,300	1,300	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		1,700	1,000	0	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		5,000	5,000	4,849	
CONTINUING DISCLOSURE FEE		1,500	1,500	1,500	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
CAPITAL OUTLAY		0	0	0	
Total Expenditures		$	53,855	$	45,955	$	42,956	

EXCESS OR (SHORTFALL)		$	2,706,761	$	1,429,040	$	1,432,040	

PAYMENT TO TRUSTEE		(2,541,124)	(1,370,922)	(1,370,922)	
BALANCE		$	165,637	$	58,118	$	61,117	

COUNTY APPRAISER & TAX COLLECTOR FEE	
DISCOUNTS FOR EARLY PAYMENTS	

(55,212)	
(110,425)	

(14,168)	
(52,972)	

(14,168)	
(52,972)	

 

NET EXCESS/SHORTFALL	$

-	$	(9,021)	$

(6,022)

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

REVENUES					
O & M ASSESSMENTS		480,431	481,185	481,185	
O & M DIRECT BILL		0	0	0	
DEBT ASSESSMENTS		1,350,786	1,353,332	1,353,332	
DEBT DIRECT BILL		0	0	0	
INTEREST		0	32,146	32,146	
DEVELOPER CONTRIBUTION		0	0	0	
OTHER REVENUES		435,000	463,414	463,414	
BOND PREPAYMENTS		0	0	0	
BOND PREPAYMENTS TO TRUSTEE		0	0	0	
OTHER REVENUES - CAPITAL		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
Total Revenues		$	2,266,217	$	2,330,076	$	2,330,076	

EXPENDITURES					
INFRASTRUCTURE MAINTENANCE		350,000	50,000	33,076	
ENGINEERING		25,000	20,000	16,135	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS ADMINISTRATION		17,650	17,650	17,650	
LEGAL		35,000	20,000	14,479	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,000	2,909	
ARBITRAGE REBATE FEE		1,500	1,300	650	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		1,700	1,000	0	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		3,750	4,500	4,246	
CONTINUING DISCLOSURE FEE		500	500	500	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
CAPITAL OUTLAY		0	0	0	
UNIT 3 FUND REIMBURSEMENT		435,000	0	0	
Total Expenditures		$	886,605	$	131,455	$	103,150	

EXCESS OR (SHORTFALL)		$	1,379,612	$	2,198,621	$	2,226,926	

PAYMENT TO TRUSTEE		(1,269,739)	(1,285,240)	(1,285,240)	
BALANCE					

COUNTY APPRAISER & TAX COLLECTOR FEE	
DISCOUNTS FOR EARLY PAYMENTS	

$	109,873	$	913,381	$	941,686	

(36,624)	
(19,587)	
(19,587)	
(73,249)	(82,526)	(82,526)	

NET EXCESS/SHORTFALL	$

-	$	811,268	$

839,574

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

REVENUES					
O & M ASSESSMENTS		107,448	107,993	107,993	
O & M DIRECT BILL		-1,647	0	0	
DEBT ASSESSMENTS		866,319	868,046	868,046	
DEBT DIRECT BILL		23,326	0	0	
INTEREST		0	0	0	
DEVELOPER CONTRIBUTION		0	0	0	
OTHER REVENUES		0	0	0	
OTHER REVENUES - CAPITAL		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
Total Revenues		$	995,447	$	976,040	$	976,040	

EXPENDITURES					
INFRASTRUCTURE MAINTENANCE		42,250	30,000	22,326	
ENGINEERING		2,500	4,000	3,460	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS ADMINISTRATION		17,650	17,650	17,650	
LEGAL		13,000	2,000	837	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,000	2,909	
ARBITRAGE REBATE FEE		1,500	1,350	650	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		1,700	1,000	0	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		3,750	4,500	4,246	
CONTINUING DISCLOSURE FEE		500	500	500	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
CAPITAL OUTLAY		0	0	0	
Total Expenditures		$	99,355	$	77,505	$	66,083	

EXCESS OR (SHORTFALL)		$	896,092	$	898,535	$	909,956	

PAYMENT TO TRUSTEE		(837,666)		(824,371)	(824,371)	
BALANCE		$	58,425	$	74,163	$	85,585	

COUNTY APPRAISER & TAX COLLECTOR FEE	
DISCOUNTS FOR EARLY PAYMENTS	

(19,475)	
(38,951)	

(9,375)	
(35,053)	

(9,375)	
(35,053)	

	

NET EXCESS/SHORTFALL	$

-	$	29,736	$

41,158

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

REVENUES					
O & M ASSESSMENTS		0	0	0	
O & M DIRECT BILL		0	0	0	
DEBT ASSESSMENTS		0	0	0	
DEBT DIRECT BILL		3,625,720	0	0	
INTEREST		0	0	0	
DEVELOPER CONTRIBUTION		51,672	60,893	60,893	
OTHER REVENUES		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
Total Revenues		$	3,677,393	$	60,893	$	60,893	

EXPENDITURES					
BASEBALL FACILITY EXPENSES		25,000	30,000	30,000	
INFRASTRUCTURE MAINTENANCE		2,072	5,000	4,466	
ENGINEERING		2,500	0	0	
MANAGEMENT		12,000	12,000	12,000	
OPERATIONS ADMINISTRATION		0	0	0	
LEGAL		0	0	0	
ASSESSMENT ROLL		0	0	0	
AUDIT FEES		3,000	3,000	2,909	
ARBITRAGE REBATE FEE		0	0	0	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		0	2,000	0	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		5,600	5,600	5,507	
CONTINUING DISCLOSURE FEE		1,500	1,500	1,500	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
CAPITAL OUTLAY		0	0	0	
Total Expenditures		$	51,672	$	59,100	$	56,382	

EXCESS OR (SHORTFALL)		$	3,625,721	$	1,793	$	4,511	

PAYMENT TO TRUSTEE		(3,625,720)		0		0	
BALANCE		$	0	$	1,793	$	4,511	

COUNTY APPRAISER & TAX COLLECTOR FEE	
DISCOUNTS FOR EARLY PAYMENTS	

0	
0	

0	
0	

0	
0	

	

NET EXCESS/SHORTFALL	$

-	$	1,793	$

4,511

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

REVENUES					
O & M ASSESSMENTS		254,651	254,263	254,263	
O & M DIRECT BILL		190,533	196,147	196,147	
DEBT ASSESSMENTS		1,616,475	1,621,265	1,621,265	
DEBT DIRECT BILL		987,499	221,567	221,567	
INTEREST		0	0	0	
DEVELOPER FUNDING - WWTP		0	0	0	
OTHER REVENUES		0	39,100	39,100	
BOND PREPAYMENTS		0	0	0	
BOND PREPAYMENTS TO TRUSTEE		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
Total Revenues		$	3,049,158	$	2,332,341	$	2,332,341	

EXPENDITURES					
INFRASTRUCTURE MAINTENANCE		336,250	340,000	328,569	
ENGINEERING		20,000	30,000	26,485	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS ADMINISTRATION		17,650	17,650	17,650	
LEGAL		20,000	20,000	8,403	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,000	2,909	
ARBITRAGE REBATE FEE		1,500	1,300	1,300	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		5,000	5,000	150	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		12,000	17,000	15,965	
CONTINUING DISCLOSURE FEE		1,000	1,000	1,000	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
CAPITAL OUTLAY		0	0	0	
CAPITAL - DEVELOPER DEPOSIT REFUND		0	0	0	
Total Expenditures		$	429,905	$	448,455	$	415,935	

EXCESS OR (SHORTFALL)		$	2,619,253	$	1,883,886	$	1,916,406	

PAYMENT TO TRUSTEE		(2,506,985)	(1,761,259)	(1,761,259)	
BALANCE					

COUNTY APPRAISER & TAX COLLECTOR FEE	
DISCOUNTS FOR EARLY PAYMENTS	

$	112,268	$	122,627	$	155,147	

(37,423)	
(18,014)	
(18,014)	
(74,845)	(67,356)	(67,356)	

NET EXCESS/SHORTFALL	$

-	$	37,257	$

69,777

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

REVENUES					
O & M ASSESSMENTS		22,479	24,606	24,606	
O & M DIRECT BILL		126,926	126,926	126,926	
DEBT ASSESSMENTS		361,811	386,862	386,862	
DEBT DIRECT BILL		1,515,761	1,624,105	1,624,105	
INTEREST		0	0	0	
DEVELOPER FUNDING		0	0	0	
OTHER REVENUES		0	3,500	3,500	
OTHER REVENUES - CAPITAL		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
Total Revenues		$	2,026,977	$	2,166,000	$	2,166,000	

EXPENDITURES					
INFRASTRUCTURE MAINTENANCE		60,250	70,000	57,572	
ENGINEERING		20,000	25,000	22,436	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS ADMINISTRATION		15,650	15,650	15,650	
LEGAL		15,000	5,000	363	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,000	2,909	
ARBITRAGE REBATE FEE		1,500	1,350	650	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		10,000	5,000	0	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		10,000	5,000	4,246	
CONTINUING DISCLOSURE FEE		500	1,000	1,000	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
CAPITAL OUTLAY		0	0	0	
CAPITAL - DEVELOPER DEPOSIT REFUND		0	0	0	
Total Expenditures		$	149,405	$	144,505	$	118,331	

EXCESS OR (SHORTFALL)		$	1,877,572	$	2,021,495	$	2,047,669	

PAYMENT TO TRUSTEE		(1,877,572)	(1,995,642)	(1,995,642)	
BALANCE		$	-	$	25,853	$	52,027	

COUNTY APPRAISER & TAX COLLECTOR FEE	
DISCOUNTS FOR EARLY PAYMENTS	

-	
-	

(3,952)	
(14,777)	

(3,952)	
(14,777)	

 

NET EXCESS/SHORTFALL	$

-	$	7,124	$

33,298

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

REVENUES					
O & M ASSESSMENTS		0	0	0	
O & M DIRECT BILL		182,155	203,040	203,040	
DEBT ASSESSMENTS		0	0	0	
DEBT DIRECT BILL		1,169,155	430,654	430,654	
INTEREST		0	0	0	
DEVELOPER FUNDING		0	0	0	
OTHER REVENUES		0	0	0	
OTHER REVENUES - CAPITAL		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
Total Revenues		$	1,351,310	$	633,694	$	633,694	

EXPENDITURES					
INFRASTRUCTURE MAINTENANCE		123,500	100,000	91,771	
ENGINEERING		5,000	8,000	6,803	
MANAGEMENT		12,005	12,005	12,005	
OPERATIONS MANAGER		15,650	15,650	15,650	
LEGAL		10,000	3,000	1,737	
ASSESSMENT ROLL		1,500	1,500	1,500	
AUDIT FEES		3,000	3,000	2,909	
ARBITRAGE REBATE FEE		1,000	1,300	1,300	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		5,000	5,000	0	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		5,000	5,000	4,246	
CONTINUING DISCLOSURE FEE		500	500	500	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
CAPITAL OUTLAY		0	0	0	
CAPITAL - DEVELOPER DEPOSIT REFUND		0	0	0	
Total Expenditures		$	182,155	$	154,955	$	138,420	

EXCESS OR (SHORTFALL)		$	1,169,155	$	478,739	$	495,274	

PAYMENT TO TRUSTEE		(1,169,155)	(430,654)		(430,654)	
BALANCE		$	-	$	48,085	$	64,620	

COUNTY APPRAISER & TAX COLLECTOR FEE	
DISCOUNTS FOR EARLY PAYMENTS	

-	
-	

-	
-	

-	
-	

 

NET EXCESS/SHORTFALL	$

-	$	48,085	$

64,620

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

REVENUES					
O & M ASSESSMENTS		0	0	0	
O & M DIRECT BILL		0	0	0	
DEBT ASSESSMENTS		0	0	0	
DEBT DIRECT BILL		0	378,988	378,988	
INTEREST		0	0	0	
DEVELOPER FUNDING		0	14,250	14,250	
OTHER REVENUES		0	0	0	
OTHER REVENUES - CAPITAL		0	0	0	
CARRY OVER FUNDS FROM PRIOR YEAR		0	0	0	
Total Revenues		$	-	$	393,238	$	393,238	

EXPENDITURES					
INFRASTRUCTURE MAINTENANCE		0	0	0	
ENGINEERING		0	2,000	458	
MANAGEMENT		0	12,005	12,005	
OPERATIONS MANAGER		0	0	0	
LEGAL		0	4,000	2,823	
ASSESSMENT ROLL		0	0	0	
AUDIT FEES		0	0	0	
ARBITRAGE REBATE FEE		0	0	0	
RENTS & LEASES		0	0	0	
INSURANCE		0	0	0	
LEGAL ADVERTISING		0	0	0	
MISCELLANEOUS		0	5,000	0	
POSTAGE		0	0	0	
OFFICE SUPPLIES		0	0	0	
DUES & SUBSCRIPTIONS		0	0	0	
TRUSTEE FEES		0	0	0	
CONTINUING DISCLOSURE FEE		0	0	0	
WEBSITE		0	0	0	
CONTINGENCY / PREV SHORTFALL		0	0	0	
CAPITAL OUTLAY		0	0	0	
CAPITAL - DEVELOPER DEPOSIT REFUND		0	0	0	
Total Expenditures		$	-	$	23,005	$	15,285	

EXCESS OR (SHORTFALL)		$	-	$	370,233	$	377,953	

PAYMENT TO TRUSTEE			-	(378,988)		(378,988)	
BALANCE		$	-	$	(8,755)	$	(1,035)	

COUNTY APPRAISER & TAX COLLECTOR FEE	
DISCOUNTS FOR EARLY PAYMENTS	

-	
-	

-	
-	

-	
-	

 

NET EXCESS/SHORTFALL	$

-	$	(8,755)	$

(1,035)

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

REVENUES	
Interest Income	
Debt Collections	
Total Revenues	

0	76,190	76,190	
2,374,994	2,479,117	2,479,117	
$	2,374,994	$	2,555,308	$	2,555,308	

EXPENDITURES	
Principal Payments	
Interest Payments	
Miscellaneous	
Total Expenditures	

1,250,000	1,250,000	1,250,000	
1,124,994	1,149,994	1,149,994	
0	0	0	
$	2,374,994	$	2,399,994	$	2,399,994	

Excess/Shortfall

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$885,354	
$155,314	
$1,040,668	

Notes	
Reserve Fund Balances = $400,000*. Revenue Fund Balance = $640,667.88*.	
Revenue Fund Balance To Be Used To Make 11/1/2024 Interest Payment	
* Approximate Amounts	
Revenue Fund Balance Is As Of 9/30/24.	

Series 2017 Bond Refunding Information	
Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

$32,165,000	Annual Principal Payment Due =	
3.5% - 4.625%	May 1st	
August 2017	Annual Interest Payments Due =	
May 2038	May 1st & November 1st	

$	-	$	155,314	$	155,314	

Par Amount As Of 9/30/24 =	$24,550,000

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

REVENUES					
Interest Income		0	40,834	40,834	
Debt Collections (2019A-1)		1,353,018	1,370,922	1,370,922	
Debt Collections (2019A-2)		1,188,107	0	0	
Prepaid Debt Collections (2019A-1)		0	0	0	
Total Revenues		$	2,541,125	$	1,411,757	$	1,411,757	

EXPENDITURES					
Principal Payments (2019A-1)		645,000	640,000	640,000	
Principal Payments (2019A-2)		580,000	0	0	
Interest Payments (2019A-1)		683,243	700,350	700,350	
Interest Payments (2019A-2)		607,488	0	0	
Miscellaneous - Bond Redemption (2019A-1)		24,775	0	0	
Miscellaneous - Bond Redemption (2019A-2)		619	0	0	
Total Expenditures		$	2,541,125	$	1,340,350	$	1,340,350	

Excess/Shortfall

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$573,488	
$71,407	
$644,895	

Notes	
West Villages Unit 2 Series 2005 Bonds Were Bifurcated Into	
Performing (2019A-1) And Non Performing (2019A-2) Bonds.	
Reserve Account Balances = $201,000* Revenue Account Balances = $443,894.99*	
Revenue Account Balances To Be Used To Make 11/1/2024 2019A-1 Interest Payment	

$	(0)	$	71,407	$	71,407	

* Approximate Amounts

Series 2019A-1 (Performing) Bond Information	
Original Par Amount =	$15,190,000	Annual Principal Payment Due =	
Interest Rate =	5.75%	May 1st	
Issue Date =	October 2019	Annual Interest Payments Due =	
Maturity Date =	May 2036	May 1st & November 1st	

Par Amount As Of 9/30/24 =	$11,540,000

Series 2019A-2 (Non Performing) Bond Information	
Original Par Amount =	$12,830,000	Annual Principal Payment Due =	
Interest Rate =	5.75%	May 1st	
Issue Date =	October 2019	Annual Interest Payments Due =	
Maturity Date =	May 2036	May 1st & November 1st	

Par Amount As Of 9/30/24 =	$12,830,000

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

 REVENUES		
Interest Income	
Debt Collections	
Payment By Developer	
 Prepaid Debt Collections		
 Total Revenues		

0	33,906	33,906	
1,269,739	1,285,240	1,285,240	
0	0	0	
0	0	0	
$	1,269,739	$	1,319,146	$	1,319,146	

 EXPENDITURES		
Principal Payments	
Interest Payments	
 Miscellaneous / Extra Redemption		
 Total Expenditures		

670,000	680,000	680,000	
577,485	590,648	590,648	
22,254	0	0	
$	1,269,739	$	1,270,648	$	1,270,648	

 Excess/Shortfall	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$446,790	
$48,498	
$495,288	

Notes	
Reserve Fund Balance = $100,000*. Revenue Fund Balance = $391,999.02*.	
Prepayment Account Balance = $3,288.93*.	
Revenue Fund Balance To Be Used To Make 11/1/2024 Interest Payment	

$	-	$	48,498	$	48,498	

* Approximate Amounts

Series 2017 Bond Refunding Information	
Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

$16,550,000	Annual Principal Payment Due =	
3.5% - 5%	May 1st	
August 2017	Annual Interest Payments Due =	
May 2037	May 1st & November 1st	

Par Amount As Of 9/30/24 =	$12,045,000

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

 REVENUES		
Interest Income	
Debt Collections	
Payment By Developer	
 Prepaid Debt Collections		
 Total Revenues		

0	59,258	59,258	
837,666	824,371	824,371	
0	0	0	
0	0	0	
$	837,666	$	883,629	$	883,629	

 EXPENDITURES		
Principal Payments	
Interest Payments	
 Miscellaneous		
 Total Expenditures		

285,000	275,000	275,000	
549,988	555,831	555,831	
2,678	0	0	
$	837,666	$	830,831	$	830,831	

 Excess/Shortfall	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$1,164,811	
$52,798	
$1,217,609	

Notes	
Reserve Fund Balance = $586,014*. Revenue Fund Balance = $627,642*.	
Prepayment Account Fund Balance = $3,953*.	
Revenue Fund Balance To Be Used To Make 11/1/2021 Principal & Interest Payment	

$	0	$	52,798	$	52,798	

* Approximate Amounts - Revenue Account Balance Is As of 9/30/24.

Series 2016 Bond Information	
Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

$13,090,000	Annual Principal Payment Due =	
3.375% - 5%	November 1st	
November 2016	Annual Interest Payments Due =	
November 2046	May 1st & November 1st	

Par Amount As Of 9/30/24 =	$11,335,000

BASEBALL STADIUM DEBT SERVICE FUND FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

 REVENUES					
Interest Income (Bonds)	0	20,973	20,973	
Interest Income (Notes)	0	284,876	284,876	
State Of Florida Pledged Revenues (Bonds)	1,000,000	1,000,000	1,000,000	
 Payment By Atlanta Braves (Notes)		2,625,720	2,588,596	2,588,596	
 Total Revenues		$	3,625,720	$	3,894,444	$	3,894,444	

 EXPENDITURES		
Principal Payments (Bonds)	
Interest Payments (Bonds)	
Principal Payments (Notes)	
Interest Payments (Notes)	
 Other/Extra Redemption		
 Total Expenditures		

590,000	590,000	590,000	
406,239	406,239	406,239	
1,499,370	1,499,370	1,499,370	
1,089,226	1,089,226	1,089,226	
40,885	0	0	
$	3,625,720	$	3,584,836	$	3,584,836	

 Excess/Shortfall	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

Bonds	Notes	
$298,257	$5,623,855	
$	24,733	$284,875	
$322,990	$5,908,730	

Notes	
Bond Service Fund Balance = $167,611*. Bond Revenue Fund Balance = $155,379*.	
Bond Service Fund Balance And October 2023 Through January 2024 State Of Florida	
Pledged Revenues To Be Used To Make 2/1/2024 Principal & Interest Payment	

Note Reserve Fund Balance = $4,542,717*. Note Revenue Fund Balance = $1,366,013*.	
Revenue Fund Balance To Be Used To Make 12/30/2024 Principal & Interest Payment	

$	(0)	$	309,609	$	309,609	

* Approximate Amounts

Series 2017A Bond Information	
Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

$13,955,000	Annual Principal Payment Due =	
3.72%	February 1st & August 1st	
December 2017	Annual Interest Payments Due =	
February 2038	February 1st & August 1st	

Par Amount As Of 9/30/24 =	$10,450,000

Series 2017B Notes Information	
Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

$27,500,000	Annual Principal Payment Due =	
5.39%	June 30th & December 30th	
December 2017	Annual Interest Payments Due =	
December 2033	June 30th & December 30th	

Par Amount As Of 9/30/24 =	$19,041,338

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

 REVENUES		
Interest Income (Master)	
Interest Income (Village B)	
Debt Collections (Master)	
Payment By Developer (Master)	
Debt Collections (Village B)	
Payment By Developer (Village B)	
 Prepaid Bonds (Master)		
 Total Revenues		

0	126,342	126,342	
	7,063	7,063	
1,974,499	1,207,347	1,207,347	
0	525,178	525,178	
86,602	88,280	88,280	
0	0	0	
0	0	0	
$	2,061,101	$	1,954,209	$	1,954,209	

 EXPENDITURES		
Principal Payments (Master)	
Principal Payments (Village B)	
Interest Payments (Master)	
Interest Payments (Village B)	
 Other/Extra Redemption		
 Total Expenditures		

560,000	570,000	570,000	
25,000	25,000	25,000	
1,411,138	1,422,106	1,422,106	
60,025	60,525	60,525	
5,785	0	0	
$	2,061,948	$	2,077,631	$	2,077,631	

 Excess/Shortfall	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

Master	Village B	
$2,228,053	$122,127	
$	(133,239)	$9,817	
$2,094,814	$131,944	

Notes	
Master Reserve Fund Balances = $1,974,131*. Master Revenue Fund Balances = $120,683*.	
Village B Reserve Fund Balances = $86,531*. Village B Revenue Fund Balances = $45,413*.	
Revenue Fund Balances To Be Used To Make 11/1/2024 Interest Payments	

$	(847)	$	(123,422)	$	(123,422)	

* Approximate Amounts - Revenue Account Balance Is As of 9/30/24.

Series 2019 Bond Information (Master)	
Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

$31,040,000	Annual Principal Payment Due =	
4.00% - 5.00%	May 1st	
April 2019	Annual Interest Payments Due =	
May 2050	May 1st & November 1st	

Par Amount As Of 9/30/24 =	$28,920,000

Series 2019 Bond Information (Village B)	
Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

$1,320,000	Annual Principal Payment Due =	
4.00% - 5.00%	May 1st	
April 2019	Annual Interest Payments Due =	
May 2050	May 1st & November 1st	

Par Amount As Of 9/30/24 =	$1,230,000

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

 REVENUES		
Interest Income (2021)	
Interest Income (2023)	
Debt Collections (2021)	
Debt Collections (2023)	
Payment By Developer (2021)	
Payment By Developer (2023)	
 Bond Proceeds / Cap I		
 Total Revenues		

0	15,592	15,592	
0	13,685	13,685	
445,885	244,066	244,066	
0	0	0	
0	191,373	191,373	
0	42,297	42,297	
0	101,442	101,442	
$	445,885	$	608,454	$	608,454	

 EXPENDITURES		
Principal Payments (2021)	
Principal Payments (2023)	
Interest Payments (2021)	
Interest Payments (2023)	
 Other/Extra Redemption		
 Total Expenditures		

170,000	170,000	170,000	
0	0	0	
275,038	277,163	277,163	
0	157,423	157,423	
0	0	0	
$	445,038	$	604,585	$	604,585	

 Excess/Shortfall	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

2021	2023	
$234,949	$185,870	
$3,869	$0	
$238,818	$185,870	

Notes	
2021 Reserve Fund Balance = $222,881*. 2021 Revenue Fund Balance = $15,937*.	
2023 Reserve Fund Balance = $176,863*. 2023 Revenue Fund Balance = $46,975*. 2023 Cap I Fund Balance = $9,007	
Revenue Account Balance To Be Used To Make 11/1/2024 Interest Payment	

$	847	$	3,869	$	3,869	

* Approximate Amounts - Revenue Account Balance Is As of 9/30/24.

Series 2021 Bond Information	
Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

$7,975,000	Annual Principal Payment Due =	
2.50% - 4.00%	May 1st	
April 2021	Annual Interest Payments Due =	
May 2051	May 1st & November 1st	

Par Amount As Of 9/30/24 =	$7,480,000

Series 2023 Bond Information	
Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

$4,805,000	Annual Principal Payment Due =	
5.250% - 6.250%	May 1st	
September 2023	Annual Interest Payments Due =	
May 2054	May 1st & November 1st	

Par Amount As Of 9/30/24 =	$4,805,000

WEST VILLAGES IMPROVEMENT DISTRICT
UNIT 8 DEBT SERVICE FUND FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

 REVENUES		
Interest Income (Master)	
Debt Collections (Master)	
Payment By Developer (Master)	
Interest Income (Ser 2022)	
Debt Collections (Ser 2022)	
Payment By Developer (Ser 2022)	
 Bond Proceeds (Ser 2022 DSR)		
 Total Revenues		

0	21,920	21,920	
725,308	146,700	146,700	
0	565,468	565,468	
0	39,493	39,493	
1,152,264	220,698	220,698	
0	426,828	426,828	
0	0	0	
$	1,877,572	$	1,421,107	$	1,421,107	

 EXPENDITURES		
Principal Payments (Master)	
Interest Payments (Master)	
Principal Payments (Ser 2022)	
Interest Payments (Ser 2022)	
 Other/Extra Redemption		
 Total Expenditures		

275,000	275,000	275,000	
448,456	451,894	451,894	
240,000	240,000	240,000	
907,800	913,350	913,350	
6,316	0	0	
$	1,877,572	$	1,880,244	$	1,880,244	

 Excess/Shortfall	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

Master	Series 2022	
$370,225	$1,065,491	
$7,194	($466,331)	
$377,419	$599,160	

Notes	
Master Reserve Fund Balance = $362,656*. Master Revenue Fund Balance = $14,763.*	
Series 2022 Reserve Fund Balance = $576,134*. Series 2022 Revenue Fund Balance = $23,026.*	
Revenue Account Balances To Be Used To Make 11/1/2024 Interest Payments	
* Approximate Amounts - Revenue Account Balances Is As of 9/30/24.	

Series 2021 Bond Information	
Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

$13,000,000	Annual Principal Payment Due =	
2.50% - 4.00%	May 1st	
April 2021	Annual Interest Payments Due =	
May 2051	May 1st & November 1st	

$	-	$	(459,137)	$	(459,137)	

Par Amount As Of 9/30/24 =	$12,195,000

Series 2022 Bond Information	
Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

$17,000,000	Annual Principal Payment Due =	
4.625% - 5.500%	May 1st	
December 2022	Annual Interest Payments Due =	
May 2053	May 1st & November 1st	

Par Amount As Of 9/30/24 =	$16,760,000

WEST VILLAGES IMPROVEMENT DISTRICT UNIT 9 DEBT SERVICE FUND
FISCAL YEAR 2023/2024 OCTOBER 1, 2023 - SEPTEMBER 30, 2024

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

 REVENUES		
Interest Income (Master)	
Debt Collections (Master)	
Payment By Developer (Master)	
 Bond Proceeds		
 Total Revenues		

0	39,126	39,126	
1,169,155	35,345	35,345	
0	1,243,161	1,243,161	
0	0	0	
$	1,169,155	$	1,317,632	$	1,317,632	

 EXPENDITURES		
Principal Payments (Master)	
Interest Payments (Master)	
 Other/Extra Redemption		
 Total Expenditures		

245,000	245,000	245,000	
922,547	961,731	961,731	
1,608	0	0	
$	1,169,155	$	1,206,731	$	1,206,731	

 Excess/Shortfall	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

Master	
$721,062	
$110,901	
$831,963	

Notes	
Master Reserve Fund Balance = $584,577*. Master Revenue Fund Balance = $247,386.*	
Revenue Account Balances To Be Used To Make 11/1/2024 Interest Payments	
* Approximate Amounts - Revenue Account Balances Is As of 9/30/24.	

Series 2023 Bond Information	
Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

$17,130,000	Annual Principal Payment Due =	
4.625% - 5.625%	May 1st	
May 2023	Annual Interest Payments Due =	
May 2053	May 1st & November 1st	

$	-	$	110,901	$	110,901	

Par Amount As Of 9/30/24 =	$16,885,000

WEST VILLAGES IMPROVEMENT DISTRICT UNIT 10 DEBT SERVICE FUND
FISCAL YEAR 2023/2024 OCTOBER 1, 2023 - SEPTEMBER 30, 2024

FISCAL YEAR	FISCAL YEAR	FISCAL YEAR	
2023/2024	2023/2024	2023/2024	
ANNUAL BUDGET	AMENDED FINAL BUDGET	ACTUAL	
10/1/23 - 9/30/24	10/1/23 - 9/30/24	10/1/23 - 9/29/24	

 REVENUES		
Interest Income (Master)	
Debt Collections (Master)	
Payment By Developer (Master)	
 Bond Proceeds		
 Total Revenues		

0	16,217	16,217	
0	0	0	
0	378,988	378,988	
0	657,784	0	
$	-	$	1,052,989	$	395,205	

 EXPENDITURES		
Principal Payments (Master)	
Interest Payments (Master)	
 Other/Extra Redemption		
 Total Expenditures		

0	0	0	
0	0	0	
0	0	0	
$	-	$	-	$	-	

 Excess/Shortfall	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

Master	
$0	
$1,052,989	
$1,052,989	

Notes	
Master Reserve Fund Balance = $657,784*. Master Revenue Fund Balance = $262,286.*	
Revenue Account Balances To Be Used To Make 11/1/2024 Interest Payments	
* Approximate Amounts - Revenue Account Balances Is As of 9/30/24.	

Series 2024 Bond Information	
Original Par Amount =	
Interest Rate =	
Issue Date =	
Maturity Date =	

$19,280,000	Annual Principal Payment Due =	
4.500% - 5.625%	May 1st	
March 2024	Annual Interest Payments Due =	
May 2054	May 1st & November 1st	

$	-	$	1,052,989	$	395,205	

Par Amount As Of 9/30/24 =	$19,280,000