Canopy
Community Development District

Adopted Budget
FY 2020

Table of Contents

1-4

5-11

12-14

15-17

18-20

 	General Fund

 	General Fund Narrative

 	Assessment Area 1 - Special Assessment Bonds Series 2018A-4

 	Assessment Area 2 - Special Assessment Bonds Series 2018A-1

 	Assessment Area 2 - Special Assessment Bonds Series 2018A-2

21-23 	Assessment Area 3 - Special Assessment Bonds Series 2018A-3

	Adopted	Actual	Projected	Projected	Adopted	Buildout	
Description	Budget FY 2019	Thru 6/30/19	Next 3 Months	Thru 9/30/19	Budget FY 2020	Budget	

Revenues							
Assessments - Tax Roll	$	29,760	$	29,888	$	-	$	29,888	$	47,052	$	754,593	
Assessments - Direct (Administrative Only)	$	105,692	$	79,269	$	26,423	$	105,692	$	99,406	$	-	
Developer Contributions	$	185,273	$	14,492	$	1,534	$	16,026	$	174,267	$	-	
Interest Income	$	500	$	-	$	-	$	-	$	500	$	2,500	
Miscellaneous Income (Rentals)	$	2,500	$	-	$	-	$	-	$	2,500	$	10,000	
Total Revenues	$	323,725	$	123,648	$	27,957	$	151,605	$	323,725	$	767,093	

Expenditure							
Administrative							
Supervisor Fees	$	-	$	-	$	-	$	-	$	-	$	12,000	
FICA	$	-	$	-	$	-	$	-	$	-	$	918	
Engineering	$	12,000	$	-	$	-	$	-	$	12,000	$	6,000	
Arbitrage	$	2,400	$	-	$	-	$	-	$	2,400	$	2,400	
Assessment Roll	$	-	$	2,500	$	-	$	2,500	$	2,500	$	7,500	
Dissemination	$	8,000	$	4,000	$	1,500	$	5,500	$	8,000	$	8,000	
Attorney	$	25,000	$	38,124	$	6,000	$	44,124	$	25,000	$	25,000	
Annual Audit	$	5,000	$	1,500	$	2,500	$	4,000	$	5,000	$	7,500	
Trustee Fees	$	10,000	$	-	$	10,000	$	10,000	$	10,000	$	10,000	
Management Fees	$	35,000	$	26,250	$	8,750	$	35,000	$	35,000	$	50,000	
Information Technology	$	2,500	$	1,916	$	250	$	2,166	$	3,700	$	5,000	
Travel	$	250	$	-	$	-	$	-	$	50	$	250	
Telephone	$	250	$	32	$	50	$	82	$	250	$	250	
Postage	$	1,500	$	290	$	200	$	490	$	500	$	1,500	
Printing & Binding	$	1,500	$	818	$	500	$	1,318	$	1,500	$	1,500	
Insurance-Liability	$	6,000	$	5,000	$	-	$	5,000	$	6,000	$	6,000	
Legal Advertising	$	5,000	$	726	$	1,500	$	2,226	$	2,500	$	5,000	
Other Current Charges	$	1,000	$	1,260	$	500	$	1,760	$	1,000	$	1,000	
Office Supplies	$	1,000	$	139	$	100	$	239	$	1,000	$	1,000	
Dues	$	175	$	175	$	-	$	175	$	175	$	175	
Total Administrative	$	116,575	$	82,730	$	31,850	$	114,580	$	116,575	$	150,993	
Maintenance							
Common Area:						
Field Services	$	-	$	-	$	-	$	-	$	-	$	25,000	
Porter Services	$	-	$	-	$	-	$	-	$	-	$	15,000	
Landscape Maintenance	$	62,500	$	-	$	15,625	$	15,625	$	62,500	$	125,000	
Landscape Contingency	$	12,500	$	-	$	3,125	$	3,125	$	10,600	$	25,000	
Plant Replacement	$	7,500	$	-	$	1,875	$	1,875	$	7,500	$	15,000	
Irrigation - Repairs	$	5,000	$	-	$	1,250	$	1,250	$	5,000	$	10,000	
Irrigation - Water	$	10,000	$	-	$	2,500	$	2,500	$	10,000	$	20,000	
Irrigation - Electric	$	2,500	$	-	$	625	$	625	$	2,500	$	5,000	
Wetland Maintenance	$	3,750	$	-	$	2,800	$	2,800	$	5,650	$	7,500	
Wetland Mitigation Reporting	$	1,250	$	-	$	625	$	625	$	1,250	$	2,500	
Street Lights	$	-	$	-	$	-	$	-	$	-	$	-	

Adopted	Actual	Projected	Projected	Adopted	Buildout	
Description	Budget FY 2019	Thru 6/30/19	Next 3 Months	Thru 9/30/19	Budget FY 2020	Budget	

Common Area - Continued:
Lake Maintenance	$	7,500    $	-	$	1,875	$	1,875	$	7,500	$	15,000	
Repairs and Maintenance	$	12,500    $	-	$	3,125	$	3,125	$	12,500	$	25,000	
Operating Supplies	$	1,250    $	-	$	300	$	300	$	1,250	$	2,500	
Road and Sidewalk	$	-	$	-	$	-	$	-	$	-	$	-	
Trail Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	
Signage	$	-	$	-	$	-	$	-	$	-	$	-	
Walls - Repair/Cleaning	$	-	$	-	$	-	$	-	$	-	$	-	
Fencing	$	-	$	-	$	-	$	-	$	-	$	-	
Amenity Center
Amenity Management Staffing	$	18,750    $	-	$	-	$	-	$	18,750	$	75,000	
Pool Attendants	$	3,750    $	-	$	-	$	-	$	3,750	$	15,000	
Janitorial	$	3,750    $	-	$	-	$	-	$	3,750	$	15,000	
Pool Maintenance	$	3,750    $	-	$	-	$	-	$	3,750	$	15,000	
Pool Chemicals	$	1,875    $	-	$	-	$	-	$	1,875	$	7,500	
Pool Permits	$	188    $	-	$	-	$	-	$	188	$	750	
Pool - Electric	$	3,750    $	-	$	-	$	-	$	3,750	$	15,000	
Pool - Water	$	250    $	-	$	-	$	-	$	250	$	1,000	
Telephone	$	625    $	-	$	-	$	-	$	625	$	2,500	
Water/Sewer	$	1,250    $	-	$	-	$	-	$	1,250	$	5,000	
Gas	$	125    $	-	$	-	$	-	$	125	$	500	
Trash	$	600    $	-	$	-	$	-	$	600	$	2,400	
Pest Control	$	300    $	-	$	-	$	-	$	300	$	1,200	
Termite Bond	$	188    $	-	$	-	$	-	$	188	$	750	
Insurance - Property	$	6,250    $	-	$	-	$	-	$	6,250	$	25,000	
Cable/Internet	$	1,875    $	-	$	-	$	-	$	1,875	$	7,500	
Access Cards	$	625    $	-	$	-	$	-	$	625	$	2,500	
Activities	$	3,750    $	-	$	-	$	-	$	3,750	$	15,000	
Security/Alarms/Repair	$	8,750    $	-	$	-	$	-	$	8,750	$	35,000	
Repairs and Maintenance	$	8,750    $	-	$	-	$	-	$	8,750	$	35,000	
Office Supplies	$	500    $	-	$	-	$	-	$	500	$	2,000	
Holiday Decorations	$	1,250    $	-	$	-	$	-	$	1,250	$	5,000	
Other
Contingency	$	1,250    $	-	$	3,300	$	3,300	$	1,250	$	5,000	
Capital Reserve (1)	$	8,750    $	-	$	-	$	-	$	8,750	$	35,000	
Total Maintenance	$	207,150    $	-	$	37,025	$	37,025	$	207,150	$	616,100	
					
Total Expenditures	$	323,725    $	82,730	$	68,875	$	151,605	$	323,725	$	767,093	
Excess Revenues (Expenditures)	$	-    $	40,918	-$	40,918	$	-	$	-	$	-	
			
Current	
Buildout	
Net Assessments	$	320,725	$	754,593	
Collection Fees (7%)	  $	24,141 	  $	56,797 	
Gross Assessments	  $	344,866 	  $	811,390 	
No of Assessable Units	1,001.50	1,001.50	
Net Assessment Per Unit	$	320	$	753	
Gross Assessment Per Unit (Includes 7% Collection Cost)	$	344	$	810	

Buildout Budget

Projected		Projected		Adopted Budget FY 2019 Thru 6/30/19	Next 3 Months	Thru 9/30/19	Budget FY 2020

Description

Actual

Adopted

Adminstative Assessment :
Administrative Budget'

$	116,575

Assessable Units	 	1001.50 
Net Assessment Per Unit	 $	116.40 

Assessments - Tax Roll (147 Units)	$	17,111	
Undeveloped Planned Residential Units (854)	$	99,406	
Religious Facility (.5)	  $	58 	
Total Net Assessments	  $	116,575 	

(1) Capital Reserve amount is subject to change upon further completion of infrastructure supported by professional reserve study or engineer's estimate for annual funding.

Canopy Community Development District Assessment Chart

Product Types	
No. of Units	
%	Total Net
Assessments	Net Assessments
Per Unit	Gross Assessments
Per Unit	
Single Family - 20'	58	5.79%	$	18,564.92	$	320	$	344	
Single Family - 30'	42	4.19%	$	13,443.56	$	320	$	344	
Single Family - 30' (Attached)	207	20.66%	$	66,257.56	$	320	$	344	
Single Family - 40'	174	17.37%	$	55,694.76	$	320	$	344	
Single Family - 40' (Attached)	24	2.40%	$	7,682.04	$	320	$	344	
Single Family - 50'	212	21.16%	$	67,857.98	$	320	$	344	
Single Family - 60'	225	22.46%	$	72,019.09	$	320	$	344	
Single Family - 70'	17	1.70%	$	5,441.44	$	320	$	344	
Single Family - 80'	42	4.19%	$	13,443.56	$	320	$	344	
Church	1	0.10%	$	320.08	$	320	$	344	
Total Units	1,002	100.00%	$	320,725.00			
Assessments Area I

Product Type	Units	O&M	Debt	Total	O&M Total

Single Family - 40'	19	$

344	$

650 $

994 $

6,539

Single Family - 50'	47	$	344	$	750	$	1,094	$	16,176	
Single Family - 60'	27	$	344	$	850	$	1,194	$	9,293	
Total Units	93				$	32,008	

Assessments Area 2 (Platted)

Product Type	Units	O&M	Debt	Total		O&M Total	
Single Family - 20'	10	$	344	$	450 $	794	$	3,442	
Single Family - 30'	21	$	344	$	550 $	894	$	7,228	
Single Family - 40'	14	$	344	$	650 $	994	$	4,818	
Single Family - 50'	4	$	344	$	750 $	1,094	$	1,377	
Single Family - 60'	5	$	344	$	850 $	1,194	$	1,721	
Total Units	54					$	18,586	
						
Total Gross Assessment Platted Lots					$	50,594	

REVENUES:
Assessments

The District will levy a non-ad valorem special assessment and on taxable property and unplatted lots within the District to fund general operating and maintenance expenditures for the Fiscal Year.

Developer Contributions

The District will enter into a Funding Agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

Interest Income

Represents estimated interest earnings from cash balances in the District's operating account with Suntrust.

Miscellaneous Income

Income received from rentals and other miscellaneous income.

EXPENDITURES:
Administrative:

Supervisor Fees

The Florida Statutes allows each supervisor to be paid per meeting, for the time devoted to District business and board meetings. The amount is based upon 5 Supervisors attending  6 meetings during the fiscal year.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisor checks.

Engineering

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

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the new Special Assessment Revenue Bonds.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b) (5) which relates to additional reporting requirements for unrated bond issues.

Attorney

The District's legal counsel, Hopping, Green & Sams, will be providing general  legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis by an Independent Certified Public Accounting Firm.

Trustee Fees

The District’s new Special Assessments Revenue Bonds will be held and administered with a Trustee.

Management Fees

The District has contracted with Governmental Management Services - Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financials reporting, annual audits, etc.

Information Technology

The District incurs costs related to the District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Travel

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

Telephone

Telephone and fax machine.

Postage

Mailing of agenda packages, overnight deliveries, checks for vendors, and any other required correspondence, etc.

Printing & Binding

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

Insurance - Liability

Represents the District’s general liability, public officials liability and property insurance coverage, which will be provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Legal Advertising

Advertising of monthly board meetings, public hearings, and any services that are required to be advertised for public bidding, i.e. audit services, engineering service, maintenance contracts and any other advertising that may be required.

Other Current Charges

Bank charges and any other miscellaneous expenses incurred during the fiscal year.

Office Supplies

The District incurs charges for supplies that need to be purchased during the fiscal year, including copier and printer toner cartridges, paper, file folders, binders, pens, paper clips, and other such office supplies.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Department of Community Affairs for
$175. This is the only expense under this category for the District.

Maintenance (Common Area):

Field Services

The District will contract to provide onsite field management of contracts for District Services such as landscape maintenance. Services to include weekly site inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Porter Services

The District will incur cost for street sweeping and/or cleaning.

Landscape Maintenance

The District will incur landscape maintenance expenses, which include mowing, edging, string-trimming, annual flower replacements, shrub and palm pruning, weeding, fertilization, pine straw, pest control and irrigation inspections during the fiscal year. Yellowstone Landscape is contracted to provide these services.

Landscape Contingency

To record the cost of landscape enhancements as well as any miscellaneous landscape items currently not budgeted or covered in landscape contract.
Plant Replacement

Unscheduled maintenance consists of tree, shrub and other plant material replacements as well as annual bed enhancements

Irrigation Repairs

To record the cost of repairs to the irrigation system and preventative maintenance on the irrigation pump station.

Irrigation -Water

The District incurs cost for water. The District will contract with a utility company to provide this service.

Irrigation - Electric

The District will incur cost for electric for irrigation timers.

Wetland Maintenance

The District has a permit obligation to comply with certain conditions for the establishment and maintenance and monitoring of upland/wetland conservation areas.

Wetland Mitigation Reporting

The cost of quarterly wetland mitigation reports.

Lake Maintenance

The District will contract to provide for the few Stormwater management facilities that the CDD will own and maintain.

Repairs and Maintenance

Cost of repairs and maintenance through out the common area of the District.

Operating Supplies

Purchase of supplies for the District.

Amenity Center:

Amenity Management Staffing

Staff cost associated with helping and running the amenity center.

Pool Attendants

The cost to hire and supervise pool attendants used to help with running the amenity center’s pool. Account line includes staff hours for the fiscal year, all related benefits, and  a contingency for projects and pay increase.

Janitorial

The cost to provide cleaning for amenity center.

Pool Maintenance

The District will contract with a vendor to provide for the maintenance of the Amenity Center swimming pool.

Pool Chemicals

The District will contract with a vendor to provide pool chemicals to maintain the pool.

Pool Permits

Represents Permit Fees paid to the Department of Health for the swimming pool.

Pool Electric

The cost of electric to run the amenity pool.

Pool – Water

The cost of water used for the amenity pool.

Telephone

The cost of phone services for amenity center.

Water/Sewer

The cost of water and sewer associated with amenity center restrooms and irrigation.

Gas

The cost associated with providing propane gas services to heat the pool.

Trash

The cost of providing garbage disposal services.

Pest Control

This represents pest control of amenity center by contracted vendor.

Termite Bond

This represents cost to maintain termite warranty for the amenity center.

Insurance - Property

The District's Property Insurance policy will contract with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity Center.

Cable/Internet

The cost of cable and internet services for amenity center.

Access Cards

Represents the estimated cost for access cards used for entry to the District’s Amenity Center.

Activities

Represents estimated costs for the District to host special events for the community throughout the Fiscal Year.

Security/Alarms/Repair

The monthly service fee and maintenance costs associated with security alarms/cameras provided by contracted vendor.

Repairs and Maintenance

Represents regular repairs and replacements for District’s Amenity Center.

Office Supplies

The cost of supplies used by Amenity Center Staff to run the center includes postage, printer ink, and office supplies.

Holiday Decorations

Estimated cost for installation of holiday lights and décor as well as supplies.

Other:

Contingency

To record the cost of any maintenance expenses not properly classified in any of the other accounts.

Capital Reserve

This amount is subject to change upon further completion of infrastructure supported by professional reserve study or engineer’s estimate for annual funding.

Canopy Community Development District
Debt Service Fund Budget Assessment Area 1 - Series 2018A-4 Bonds

Description	Adopted
Budget FY 2019	Actual
Thru 6/30/19	Projected	Projected
Next 3 Months	Thru 9/30/19	Adopted
Budget FY 2020	

Revenues
Assessments - Tax Roll (Platted Lots)	
$	65,425	
$	65,910	
$	-	$	65,910	
$	65,612	
Assessments - Direct (Unplatted Lots)	$	-	$	-	$	-	$	-	$	-	
Bond Proceeds	$	-	$	32,714	$	-	$	32,714	$	-	
Interest Income	$	250	$	815	$	400	$	1,215	$	250	
Carry Forward Surplus	$	9,471	$	-	$	-	$	-	$	42,999	
Total Revenues	$	75,146	$	99,439	$	400	$	99,839	$	108,860	

Expenditure
Interest - 11/1	
$	9,470	
$	-	
$	-	$	-	
$	24,523	
Principal - 5/1	$	30,000	$	-	$	-	$	-	$	15,000	
Interest - 5/1	$	25,069	$	23,569	$	-	$	23,569	$	24,523	
Transfer Out	$	-	$	379	$	180	$	559	$	-	
Total Expenditures	$	64,539	$	23,948	$	180	$	24,128	$	64,045	
					
Excess Revenues	$	10,606	$	75,491	$	220	$	75,711	$	44,815	
Excess Revenues	$	75,711			Interest - 11/1	$	24,148	

Less: Debt Service Reserve Carry Forward Surplus

  $	(32,713) 

	Assessments Area I		
Product Type	Units	O&M		Debt		T	
Single Family - 40'	19	$	344	$	650	$	
Single Family - 50'	47	$	344	$	750	$	
Single Family - 60'
Total Units	27
93	$	344	$	850	$	

tal	Debt Total	
994	$	12,350	
1,094	$	35,250	
1,194	$	22,950
$	70,550	

  $	42,999 

o

Total Net Assessments	$	65,612

Date

Balance

Principal

Interest

Annual

11/1/19	$	965,000	$	-	$	24,523	$	24,523	
5/1/20	$	965,000	$	15,000	$	24,523	$	-	
11/1/20	$	950,000	$	-	$	24,148	$	63,670	
5/1/21	$	950,000	$	15,000	$	24,148	$	-	
11/1/21	$	935,000	$	-	$	23,773	$	62,920	
5/1/22	$	935,000	$	15,000	$	23,773	$	-	
11/1/22	$	920,000	$	-	$	23,398	$	62,170	
5/1/23	$	920,000	$	15,000	$	23,398	$	-	
11/1/23	$	905,000	$	-	$	23,023	$	61,420	
5/1/24	$	905,000	$	15,000	$	23,023	$	-	
11/1/24	$	890,000	$	-	$	22,648	$	60,670	
5/1/25	$	890,000	$	20,000	$	22,648	$	-	
11/1/25	$	870,000	$	-	$	22,148	$	64,795	
5/1/26	$	870,000	$	20,000	$	22,148	$	-	
11/1/26	$	850,000	$	-	$	21,648	$	63,795	
5/1/27	$	850,000	$	20,000	$	21,648	$	-	
11/1/27	$	830,000	$	-	$	21,148	$	62,795	
5/1/28	$	830,000	$	20,000	$	21,148	$	-	
11/1/28	$	810,000	$	-	$	20,648	$	61,795	
5/1/29	$	810,000	$	20,000	$	20,648	$	-	
11/1/29	$	790,000	$	-	$	20,148	$	60,795	
5/1/30	$	790,000	$	25,000	$	20,148	$	-	
11/1/30	$	765,000	$	-	$	19,523	$	64,670	
5/1/31	$	765,000	$	25,000	$	19,523	$	-	
11/1/31	$	740,000	$	-	$	18,898	$	63,420	
5/1/32	$	740,000	$	25,000	$	18,898	$	-	
11/1/32	$	715,000	$	-	$	18,273	$	62,170	
5/1/33	$	715,000	$	25,000	$	18,273	$	-	
11/1/33	$	690,000	$	-	$	17,648	$	60,920	
5/1/34	$	690,000	$	30,000	$	17,648	$	-	
11/1/34	$	660,000	$	-	$	16,898	$	64,545	
5/1/35	$	660,000	$	30,000	$	16,898	$	-	
11/1/35	$	630,000	$	-	$	16,148	$	63,045	
5/1/36	$	630,000	$	30,000	$	16,148	$	-	
11/1/36	$	600,000	$	-	$	15,398	$	61,545	
5/1/37	$	600,000	$	35,000	$	15,398	$	-	
11/1/37	$	565,000	$	-	$	14,523	$	64,920	
5/1/38	$	565,000	$	35,000	$	14,523	$	-	

Date	Balance	Principal	Interest	Annual	
11/1/38	$	530,000	$	-	$	13,648	$	63,170	
5/1/39	$	530,000	$	35,000	$	13,648	$	-	
11/1/39	$	495,000	$	-	$	12,746	$	61,394	
5/1/40	$	495,000	$	40,000	$	12,746	$	-	
11/1/40	$	455,000	$	-	$	11,716	$	64,463	
5/1/41	$	455,000	$	40,000	$	11,716	$	-	
11/1/41	$	415,000	$	-	$	10,686	$	62,403	
5/1/42	$	415,000	$	45,000	$	10,686	$	-	
11/1/42	$	370,000	$	-	$	9,528	$	65,214	
5/1/43	$	370,000	$	45,000	$	9,528	$	-	
11/1/43	$	325,000	$	-	$	8,369	$	62,896	
5/1/44	$	325,000	$	45,000	$	8,369	$	-	
11/1/44	$	280,000	$	-	$	7,210	$	60,579	
5/1/45	$	280,000	$	50,000	$	7,210	$	-	
11/1/45	$	230,000	$	-	$	5,923	$	63,133	
5/1/46	$	230,000	$	55,000	$	5,923	$	-	
11/1/46	$	175,000	$	-	$	4,506	$	65,429	
5/1/47	$	175,000	$	55,000	$	4,506	$	-	
11/1/47	$	120,000	$	-	$	3,090	$	62,596	
5/1/48	$	120,000	$	60,000	$	3,090	$	-	
11/1/48	$	60,000	$	-	$	1,545	$	64,635	
5/1/49	$	60,000	$	60,000	$	1,545	$	61,545	

Totals

$	965,000	$	947,038	$ 1,912,038

Canopy Community Development District
Debt Service Fund Budget Assessment Area 2 - Series 2018A-1 Bonds

	Adopted	Actual	Projected	Projected	Adopted	
Description	Budget FY 2019	Thru 6/30/19	Next 3 Months	Thru 9/30/19	Budget FY 2020	

Revenues						
Assessments - Tax Roll  (Platted Lots)	$	-	$	-	$	-	$	-	$	30,132	
Assessments - Direct (Unplatted Lots)		$	203,045	$	66,404	$	66,404	$	132,809	$	134,594	
Bond Proceeds		$	-	$	82,146	$	-	$	82,146	$	-	
Interest Income		$	250	$	1,004	$	490	$	1,494	$	250	
Carry Forward Surplus		$	25,521	$	-	$	-	$	-	$	67,784	
Total Revenues		$	228,816	$	149,555	$	66,894	$	216,449	$	232,760	

Expenditure						
Interest - 11/1		$	25,521	$	-	$	-	$	-	$	67,721	
Principal - 5/1		$	70,000	$	-	$	-	$	-	$	25,000	
Interest - 5/1		$	67,555	$	65,088	$	-	$	65,088	$	67,721	
Transfer Out		$	-	$	952	$	480	$	1,432	$	-	
Total Expenditures		$	163,076	$	66,040	$	480	$	66,520	$	160,443	
						
Excess Revenues		$	65,740	$	83,515	$	66,414	$	149,930	$	72,318	
Excess Revenues	$	149,930			Interest - 11/1	$	66,971	
Less: Debt Service Reserve	  $	(82,146) 					
Carry Forward Surplus	  $	67,784 					

Product Type	Pl	atted Uni	ts	Debt	Total Platted		Unplatted Unit	s	Debt	Total Unplatted	
Single Family - 20'	10	$	450	$	4,500		20	$	450	$	9,000	
Single Family - 30'	21	$	550	$	11,550		0	$	550	$	-	
Single Family - 30' (Attached	0	$	450	$	-		18	$	450	$	8,100	
Single Family - 40'	14	$	650	$	9,100		42	$	650	$	27,300	
Single Family - 40' (Attached	0	$	550	$	-		12	$	550	$	6,600	
Single Family - 50'	4	$	750	$	3,000		29	$	750	$	21,750	
Single Family - 60'	5	$	850	$	4,250		76	$	850	$	64,600	
Single Family - 80'	0	$	1,000	$	-		7	$	1,000	$	7,000	
Church	0	$	750	$	-		0.5	$	750	$	375	
Total	54	$	32,400		204.5	4250	$	144,725	

Total Net Assessment	$	30,132

Total Net Assessment	$	134,594

Date

Balance

Principal

Interest

Annual

11/1/19	$ 2,225,000	$	-	$	67,721	$	67,721	
5/1/20	$ 2,225,000	$	25,000	$	67,721	$	-	
11/1/20	$ 2,200,000	$	-	$	66,971	$	159,693	
5/1/21	$ 2,200,000	$	30,000	$	66,971	$	-	
11/1/21	$ 2,170,000	$	-	$	66,071	$	163,043	
5/1/22	$ 2,170,000	$	30,000	$	66,071	$	-	
11/1/22	$ 2,140,000	$	-	$	65,171	$	161,243	
5/1/23	$ 2,140,000	$	35,000	$	65,171	$	-	
11/1/23	$ 2,105,000	$	-	$	64,121	$	164,293	
5/1/24	$ 2,105,000	$	35,000	$	64,121	$	-	
11/1/24	$ 2,070,000	$	-	$	63,071	$	162,193	
5/1/25	$ 2,070,000	$	35,000	$	63,071	$	-	
11/1/25	$ 2,035,000	$	-	$	62,021	$	160,093	
5/1/26	$ 2,035,000	$	40,000	$	62,021	$	-	
11/1/26	$ 1,995,000	$	-	$	60,821	$	162,843	
5/1/27	$ 1,995,000	$	40,000	$	60,821	$	-	
11/1/27	$ 1,955,000	$	-	$	59,621	$	160,443	
5/1/28	$ 1,955,000	$	45,000	$	59,621	$	-	
11/1/28	$ 1,910,000	$	-	$	58,271	$	162,893	
5/1/29	$ 1,910,000	$	45,000	$	58,271	$	-	
11/1/29	$ 1,865,000	$	-	$	56,921	$	160,193	
5/1/30	$ 1,865,000	$	50,000	$	56,921	$	-	
11/1/30	$ 1,815,000	$	-	$	55,421	$	162,343	
5/1/31	$ 1,815,000	$	50,000	$	55,421	$	-	
11/1/31	$ 1,765,000	$	-	$	53,921	$	159,343	
5/1/32	$ 1,765,000	$	55,000	$	53,921	$	-	
11/1/32	$ 1,710,000	$	-	$	52,271	$	161,193	
5/1/33	$ 1,710,000	$	60,000	$	52,271	$	-	
11/1/33	$ 1,650,000	$	-	$	50,471	$	162,743	
5/1/34	$ 1,650,000	$	65,000	$	50,471	$	-	
11/1/34	$ 1,585,000	$	-	$	48,521	$	163,993	
5/1/35	$ 1,585,000	$	65,000	$	48,521	$	-	
11/1/35	$ 1,520,000	$	-	$	46,571	$	160,093	
5/1/36	$ 1,520,000	$	70,000	$	46,571	$	-	
11/1/36	$ 1,450,000	$	-	$	44,471	$	161,043	
5/1/37	$ 1,450,000	$	75,000	$	44,471	$	-	
11/1/37	$ 1,375,000	$	-	$	42,221	$	161,693	
5/1/38	$ 1,375,000	$	80,000	$	42,221	$	-	

Date	Balance	Principal	Interest	Annual	

11/1/38	
$ 1,295,000	
$	-	
$	39,821	
$	162,043	
5/1/39	$ 1,295,000	$	85,000	$	39,821	$	-	
11/1/39	$ 1,210,000	$	-	$	37,208	$	162,029	
5/1/40	$ 1,210,000	$	90,000	$	37,208	$	-	
11/1/40	$ 1,120,000	$	-	$	34,440	$	161,648	
5/1/41	$ 1,120,000	$	95,000	$	34,440	$	-	
11/1/41	$ 1,025,000	$	-	$	31,519	$	160,959	
5/1/42	$ 1,025,000	$	100,000	$	31,519	$	-	
11/1/42	$	925,000	$	-	$	28,444	$	159,963	
5/1/43	$	925,000	$	110,000	$	28,444	$	-	
11/1/43	$	815,000	$	-	$	25,061	$	163,505	
5/1/44	$	815,000	$	115,000	$	25,061	$	-	
11/1/44	$	700,000	$	-	$	21,525	$	161,586	
5/1/45	$	700,000	$	125,000	$	21,525	$	-	
11/1/45	$	575,000	$	-	$	17,681	$	164,206	
5/1/46	$	575,000	$	130,000	$	17,681	$	-	
11/1/46	$	445,000	$	-	$	13,684	$	161,365	
5/1/47	$	445,000	$	140,000	$	13,684	$	-	
11/1/47	$	305,000	$	-	$	9,379	$	163,063	
5/1/48	$	305,000	$	150,000	$	9,379	$	-	
11/1/48	$	155,000	$	-	$	4,766	$	164,145	
5/1/49	$	155,000	$	155,000	$	4,766	$	159,766	

Totals

$ 2,225,000	$   2,696,363	$ 4,921,363

Canopy Community Development District
Debt Service Fund Budget Assessment Area 2 - Series 2018A-2 Bonds

Description	Adopted
Budget FY 2019	Actual
Thru 6/30/19	Projected
Next 3 Months	Projected
Thru 9/30/19	Adopted
Budget FY 2020	

Revenues						
Assessments - Tax Roll (Platted Lots)	$	-	$	-	$	-	$	-	$	-	
Assessments - Direct (Unplatted Lots)	$	319,485	$	165,233	$	165,233	$	330,467	$	311,498	
Assessments - Prepayments	$	-	$	700,028	$	-	$	700,028	$	-	
Bond Proceeds	$	-	$	-	$	-	$	-	$	-	
Interest Income	$	250	$	1,044	$	1,170	$	2,214	$	250	
Carry Forward Surplus	$	60,347	$	-	$	-	$	-	$	455,752	
Total Revenues	$	380,082	$	866,305	$	166,403	$	1,032,709	$	767,499	

Expenditure
Interest - 11/1	
$	60,347	$	-	$	-	$	-	$	155,749	
Special Call - 11/1	$	-	$	-	$	-	$	-	$	300,000	
Principal - 5/1	$	-	$	-	$	-	$	-	$	-	
Special Call - 5/1	$	-	$	110,000	$	-	$	110,000	$	-	
Interest - 5/1	$	159,743	$	161,957	$	-	$	161,957	$	155,749	
Special Call - 8/1	$	-	$	-	$	305,000	$	305,000	$	-	
Total Expenditures	$	220,090	$	271,957	$	305,000	$	576,957	$	611,498	
							
Excess Revenues	$	159,993	$	594,348	-$	138,597	$	455,752	$	156,002	

Excess Revenues

$	455,752

Interest - 11/1	$

155,749

Less: Debt  Service Reserve    $	-	
Carry Forward Surplus	 $	455,752 

Date

Balance

Principal

Interest

Annual

11/1/19	$ 5,065,000		$	155,749	$	-	
5/1/20	$ 5,065,000		$	155,749	$	311,498	
11/1/20	$ 5,065,000		$	155,749	$	-	
5/1/21	$ 5,065,000		$	155,749	$	311,498	
11/1/21	$ 5,065,000		$	155,749	$	-	
5/1/22	$ 5,065,000	$	70,000	$	155,749	$	381,498	
11/1/22	$ 4,995,000		$	153,596	$	-	
5/1/23	$ 4,995,000	$	75,000	$	153,596	$	382,193	
11/1/23	$ 4,920,000		$	151,290	$	-	
5/1/24	$ 4,920,000	$	80,000	$	151,290	$	382,580	
11/1/24	$ 4,840,000		$	148,830	$	-	
5/1/25	$ 4,840,000	$	85,000	$	148,830	$	382,660	
11/1/25	$ 4,755,000		$	146,216	$	-	
5/1/26	$ 4,755,000	$	90,000	$	146,216	$	382,433	
11/1/26	$ 4,665,000		$	143,449	$	-	
5/1/27	$ 4,665,000	$	95,000	$	143,449	$	381,898	
11/1/27	$ 4,570,000		$	140,528	$	-	
5/1/28	$ 4,570,000	$	100,000	$	140,528	$	381,055	
11/1/28	$ 4,470,000		$	137,453	$	-	
5/1/29	$ 4,470,000	$	110,000	$	137,453	$	384,905	
11/1/29	$ 4,360,000		$	134,070	$	-	
5/1/30	$ 4,360,000	$	115,000	$	134,070	$	383,140	
11/1/30	$ 4,245,000		$	130,534	$	-	
5/1/31	$ 4,245,000	$	120,000	$	130,534	$	381,068	
11/1/31	$ 4,125,000		$	126,844	$	-	
5/1/32	$ 4,125,000	$	130,000	$	126,844	$	383,688	
11/1/32	$ 3,995,000		$	122,846	$	-	
5/1/33	$ 3,995,000	$	140,000	$	122,846	$	385,693	
11/1/33	$ 3,855,000		$	118,541	$	-	
5/1/34	$ 3,855,000	$	145,000	$	118,541	$	382,083	
11/1/34	$ 3,710,000		$	114,083	$	-	
5/1/35	$ 3,710,000	$	155,000	$	114,083	$	383,165	
11/1/35	$ 3,555,000		$	109,316	$	-	
5/1/36	$ 3,555,000	$	165,000	$	109,316	$	383,633	
11/1/36	$ 3,390,000		$	104,243	$	-	
5/1/37	$ 3,390,000	$	175,000	$	104,243	$	383,485	
11/1/37	$ 3,215,000		$	98,861	$	-	
5/1/38	$ 3,215,000	$	185,000	$	98,861	$	382,723	
11/1/38	$ 3,030,000		$	93,173	$	-	
5/1/39	$ 3,030,000	$	200,000	$	93,173	$	386,345	
11/1/39	$ 2,830,000		$	87,023	$	-	
5/1/40	$ 2,830,000	$	210,000	$	87,023	$	384,045	
11/1/40	$ 2,620,000		$	80,565	$	-	
5/1/41	$ 2,620,000	$	225,000	$	80,565	$	386,130	
11/1/41	$ 2,395,000		$	73,646	$	-	
5/1/42	$ 2,395,000	$	240,000	$	73,646	$	387,293	
11/1/42	$ 2,155,000		$	66,266	$	-	
5/1/43	$ 2,155,000	$	255,000	$	66,266	$	387,533	
11/1/43	$ 1,900,000		$	58,425	$	-	
5/1/44	$ 1,900,000	$	270,000	$	58,425	$	386,850	

Date	Balance	Principal	Interest	Annual

11/1/44	$ 1,630,000		$	50,123	$	-	
5/1/45	$ 1,630,000	$	290,000	$	50,123	$	390,245	
11/1/45	$ 1,340,000		$	41,205	$	-	
5/1/46	$ 1,340,000	$	305,000	$	41,205	$	387,410	
11/1/46	$ 1,035,000		$	31,826	$	-	
5/1/47	$ 1,035,000	$	325,000	$	31,826	$	388,653	
11/1/47	$	710,000		$	21,833	$	-	
5/1/48	$	710,000	$	345,000	$	21,833	$	388,665	
11/1/48	$	365,000		$	11,224	$	-	
5/1/49	$	365,000	$	365,000	$	11,224	$	387,448	

Totals

$ 5,065,000	$	6,326,505	$ 11,391,505

Canopy Community Development District
Debt Service Fund Budget Assessment Area 3 - Series 2018A-3 Bonds

Description	Adopted
Budget FY 2019	Actual
Thru 6/30/19	Projected
Next 3 Months	Projected
Thru 9/30/19	Adopted
Budget FY 2020	

Revenues						
Assessments  -  Tax Roll (Platted Lots)	$	-	$	-	$	-	$	-	$	-	
Assessments - Direct (Unplatted Lots)	$	304,735	$	83,807	$	83,807	$	167,614	$	170,938	
Bond Proceeds	$	-	$	104,688	$	-	$	104,688	$	-	
Interest Income	$	250	$	1,279	$	620	$	1,899	$	500	
Carry Forward Surplus	$	57,561	$	-	$	-	$	-	$	85,469	
Total Revenues	$	362,546	$	189,774	$	84,427	$	274,201	$	256,907	

Expenditure
Interest - 11/1	
$	57,561	
$	-	
$	-	
$	-	
$	85,469	
Principal - 5/1	$	-	$	-	$	-	$	-	$	-	
Interest - 5/1	$	152,368	$	82,145	$	-	$	82,145	$	85,469	
Transfer Out	$	-	$	1,213	$	600	$	1,813	$	500	
Total Expenditures	$	209,929	$	83,358	$	600	$	83,958	$	171,438	
						
Excess Revenues	$	152,617	$	106,416	$	83,827	$	190,243	$	85,470	

Excess Revenues	$	190,157 Less: Debt Service Reserve $ (104,688) 				Interest - 11/1	$	85,469	
Carry Forward Surplus	 $	85,469 

Date

Balance

Principal

Interest

Annual

11/1/19	$ 2,735,000		$	85,469	$	-	
5/1/20	$ 2,735,000		$	85,469	$	170,938	
11/1/20	$ 2,735,000		$	85,469	$	-	
5/1/21	$ 2,735,000		$	85,469	$	170,938	
11/1/21	$ 2,735,000		$	85,469	$	-	
5/1/22	$ 2,735,000	$	35,000	$	85,469	$	205,938	
11/1/22	$ 2,700,000		$	84,375	$	-	
5/1/23	$ 2,700,000	$	40,000	$	84,375	$	208,750	
11/1/23	$ 2,660,000		$	83,125	$	-	
5/1/24	$ 2,660,000	$	40,000	$	83,125	$	206,250	
11/1/24	$ 2,620,000		$	81,875	$	-	
5/1/25	$ 2,620,000	$	45,000	$	81,875	$	208,750	
11/1/25	$ 2,575,000		$	80,469	$	-	
5/1/26	$ 2,575,000	$	50,000	$	80,469	$	210,938	
11/1/26	$ 2,525,000		$	78,906	$	-	
5/1/27	$ 2,525,000	$	50,000	$	78,906	$	207,813	
11/1/27	$ 2,475,000		$	77,344	$	-	
5/1/28	$ 2,475,000	$	55,000	$	77,344	$	209,688	
11/1/28	$ 2,420,000		$	75,625	$	-	
5/1/29	$ 2,420,000	$	55,000	$	75,625	$	206,250	
11/1/29	$ 2,365,000		$	73,906	$	-	
5/1/30	$ 2,365,000	$	60,000	$	73,906	$	207,813	
11/1/30	$ 2,305,000		$	72,031	$	-	
5/1/31	$ 2,305,000	$	65,000	$	72,031	$	209,063	
11/1/31	$ 2,240,000		$	70,000	$	-	
5/1/32	$ 2,240,000	$	70,000	$	70,000	$	210,000	
11/1/32	$ 2,170,000		$	67,813	$	-	
5/1/33	$ 2,170,000	$	75,000	$	67,813	$	210,625	
11/1/33	$ 2,095,000		$	65,469	$	-	
5/1/34	$ 2,095,000	$	80,000	$	65,469	$	210,938	
11/1/34	$ 2,015,000		$	62,969	$	-	
5/1/35	$ 2,015,000	$	85,000	$	62,969	$	210,938	
11/1/35	$ 1,930,000		$	60,313	$	-	
5/1/36	$ 1,930,000	$	90,000	$	60,313	$	210,625	
11/1/36	$ 1,840,000		$	57,500	$	-	

Date	Balance	Principal	Interest	Annual

5/1/37	$ 1,840,000	$	95,000	$	57,500	$	210,000	
11/1/37	$ 1,745,000		$	54,531	$	-	
5/1/38	$ 1,745,000	$	100,000	$	54,531	$	209,063	
11/1/38	$ 1,645,000		$	51,406	$	-	
5/1/39	$ 1,645,000	$	110,000	$	51,406	$	212,813	
11/1/39	$ 1,535,000		$	47,969	$	-	
5/1/40	$ 1,535,000	$	115,000	$	47,969	$	210,938	
11/1/40	$ 1,420,000		$	44,375	$	-	
5/1/41	$ 1,420,000	$	120,000	$	44,375	$	208,750	
11/1/41	$ 1,300,000		$	40,625	$	-	
5/1/42	$ 1,300,000	$	130,000	$	40,625	$	211,250	
11/1/42	$ 1,170,000		$	36,563	$	-	
5/1/43	$ 1,170,000	$	140,000	$	36,563	$	213,125	
11/1/43	$ 1,030,000		$	32,188	$	-	
5/1/44	$ 1,030,000	$	145,000	$	32,188	$	209,375	
11/1/44	$	885,000		$	27,656	$	-	
5/1/45	$	885,000	$	155,000	$	27,656	$	210,313	
11/1/45	$	730,000		$	22,813	$	-	
5/1/46	$	730,000	$	165,000	$	22,813	$	210,625	
11/1/46	$	565,000		$	17,656	$	-	
5/1/47	$	565,000	$	175,000	$	17,656	$	210,313	
11/1/47	$	390,000		$	12,188	$	-	
5/1/48	$	390,000	$	190,000	$	12,188	$	214,375	
11/1/48	$	200,000		$	6,250	$	-	
5/1/49	$	200,000	$	200,000	$	6,250	$	212,500	

Totals

$ 2,735,000	$   3,484,688	$ 6,219,688