Canopy Community Development District Approved Budget FY 2026 1-4 5-12 13-15 16-18 19-21 2222-5624 Assessment Area 3 - Special Assessment Bonds Series 2018A-3 Table of Contents 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 Capital Reserve FunAdss -e Gssemneernatl CFhuanrdt Adopted Actual Projected Projected Approved Description Budget FY 2025 Thru 4/30/25 Next 5 Months Thru 9/30/25 Budget FY 2026 Revenues Maintenance Assessments - Tax Roll $ 343,947 $ 377,672 $ - $ 377,672 $ 377,241 Maintenance Assessments - Direct (Apartments) $ 58,342 $ - $ 58,342 $ 58,342 $ 74,555 Maintenance Assessments - Direct (Ox Bottom) $ 87,460 $ 51,018 $ 36,442 $ 87,460 $ 84,498 Interest - SBA $ - $ 2,790 $ 3,488 $ 6,278 $ 10,000 Developer Contributions $ 213,336 $ - $ - $ - $ 77,310 Miscellaneous Income (Rentals) $ 1,000 $ 3,892 $ 500 $ 4,392 $ 3,500 Miscellaneous Revenue - POA Cost Share $ - $ 146,550 $ - $ 146,550 $ 146,550 Total Revenues $ 704,085 $ 581,922 $ 98,772 $ 680,694 $ 773,654 Expenditures Administrative Supervisor Fees $ 2,000 $ 1,200 $ 800 $ 2,000 $ 3,200 FICA $ 153 $ 92 $ 61 $ 153 $ 245 Engineering $ 12,000 $ - $ 6,000 $ 6,000 $ 10,000 Arbitrage $ 450 $ 450 $ - $ 450 $ 450 Assessment Roll $ 2,500 $ 2,500 $ - $ 2,500 $ 2,500 Dissemination $ 8,480 $ 4,947 $ 3,535 $ 8,482 $ 8,900 Amortization Schedule $ 2,000 $ - $ 1,000 $ 1,000 $ 2,000 Attorney $ 35,000 $ 19,168 $ 13,691 $ 32,859 $ 39,000 Annual Audit $ 5,000 $ - $ 4,500 $ 4,500 $ 4,600 Trustee Fees $ 10,000 $ 9,105 $ 895 $ 10,000 $ 10,500 Management Fees $ 43,358 $ 25,292 $ 18,065 $ 43,357 $ 46,000 Information Technology $ 4,157 $ 2,425 $ 1,730 $ 4,155 $ 4,360 Travel $ 50 $ - $ - $ - $ - Telephone $ 250 $ 48 $ 125 $ 173 $ 150 Postage $ 1,000 $ 551 $ 394 $ 945 $ 1,000 Printing & Binding $ 1,500 $ 48 $ 34 $ 82 $ 750 Insurance-Liability $ 6,500 $ 5,781 $ - $ 5,781 $ 6,070 Legal Advertising $ 2,500 $ 311 $ 222 $ 533 $ 1,500 Other Current Charges $ 3,000 $ 782 $ 559 $ 1,341 $ 3,000 Office Supplies $ 750 $ 2 $ 1 $ 3 $ 250 Dues $ 175 $ 175 $ - $ 175 $ 175 Total Administrative $ 140,823 $ 72,877 $ 51,612 $ 124,489 $ 144,649 Maintenance Common Area: Field Services $ 12,000 $ - $ 6,000 $ 6,000 $ 30,000 Porter Services $ 6,000 $ - $ - $ - $ - Landscape Maintenance $ 185,000 $ 116,290 $ 81,200 $ 197,490 $ 194,880 Landscape Contingency $ 17,500 $ 19,460 $ - $ 19,460 $ 25,000 Plant Replacement $ 7,500 $ - $ 3,750 $ 3,750 $ 7,500 Weed Control $ - $ - $ - $ - $ 75,000 Irrigation - Repairs $ 5,000 $ - $ - $ - $ - Irrigation - Water $ 10,000 $ - $ - $ - $ - Irrigation - Electric $ 2,500 $ - $ - $ - $ - Wetland Mitigation and Monitoring $ 5,000 $ - $ - $ - $ - Lake Maintenance $ 7,500 $ - $ - $ - $ - Dove Pond Dam Surety Bond $ 10,000 $ - $ - $ - $ - Repairs and Maintenance $ 12,500 $ 4,400 $ 6,250 $ 10,650 $ 15,000 Operating Supplies $ 1,250 $ - $ 625 $ 625 $ 1,500 Contingency $ - $ - $ - $ - $ 10,000 Total Common Area $ 281,750 $ 140,150 $ 97,825 $ 237,975 $ 358,880 Canopy Community Development District General Fund Budget Adopted Actual Projected Projected Approved Description Budget FY 2025 Thru 4/30/25 Next 5 Months Thru 9/30/25 Budget FY 2026 Canopy Community Development District General Fund Budget Amenity Center Amenity Management Staffing $ 35,000 $ - $ 17,500 $ 17,500 $ 35,000 Janitorial $ 15,000 $ 9,007 $ 3,750 $ 12,757 $ 17,500 Lanscape Maintenance $ 12,000 $ - $ - $ - $ - Pool Maintenance $ 31,500 $ 16,750 $ 13,000 $ 29,750 $ 31,500 Pool Chemicals $ 7,500 $ - $ - $ - $ - Pool Permits $ 750 $ - $ 400 $ 400 $ 750 Utilities $ 39,500 $ 20,662 $ 14,759 $ 35,421 $ 39,500 Trash $ 2,400 $ 234 $ 165 $ 399 $ 2,400 Pest Control $ 1,200 $ - $ 600 $ 600 $ 1,200 Termite Bond $ 750 $ - $ 375 $ 375 $ 375 Insurance - Property $ 15,500 $ 12,590 $ - $ 12,590 $ 15,500 Cable/Internet $ 7,500 $ 2,240 $ 1,615 $ 3,855 $ 3,900 Access Cards $ 2,500 $ - $ 1,250 $ 1,250 $ 2,500 Activities $ 15,000 $ - $ 7,500 $ 7,500 $ 39,000 Security/Alarms/Repair $ 15,000 $ 2,850 $ 900 $ 3,750 $ 4,000 Repairs and Maintenance $ 15,000 $ 2,703 $ 2,000 $ 4,703 $ 15,000 Office Supplies $ 2,000 $ - $ 1,000 $ 1,000 $ 2,000 Holiday Decorations $ 5,000 $ - $ 2,500 $ 2,500 $ 5,000 Contingency $ - $ - $ - $ - $ 5,000 Total Amenity Center $ 223,100 $ 67,036 $ 67,314 $ 134,350 $ 220,125 Other Contingency $ 18,412 $ 1,610 $ 9,206 $ 10,816 $ - Capital Reserve $ 40,000 $ 40,000 $ - $ 40,000 $ 50,000 Total Other $ 58,412 $ 41,610 $ 9,206 $ 50,816 $ 50,000 Total Maintenance $ 563,262 $ 248,796 $ 174,345 $ 423,141 $ 629,005 Total Expenditures $ 704,085 $ 321,673 $ 225,957 $ 547,630 $ 773,654 Excess Revenues (Expenditures) $ - $ 260,249 -$ 127,186 $ 133,064 $ - Canopy Community Development District GENERAL FUND BUDGET 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. Miscellaneous Income – POA Cost Share Contributions from the Canopy Property Owners Association (POA) for their equitable share in costs of the District's Operation and Maintenance Activities as outlined in the Declaration of Covenants, Conditions and Restrictions of Canopy Commercial Property Owners Association, Inc. 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 estimate based upon 2 Supervisors electing payment for attending 8 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. The District is currently contracted with Halff Associates, Inc. Canopy Community Development District GENERAL FUND BUDGET 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. Amortization Schedule The fee to provide amortization schedule (payment schedule) for the District’s Bond Issues. Attorney The District's legal counsel, Kilinski Van Wyk, 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. The District has contracted with Grau & Associates for these services. (NTE $4,600/year per most recent audit engagement letter) 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, 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. Telephone Telephone and fax machine. Canopy Community Development District GENERAL FUND BUDGET 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 The amount budgeted represents the estimated cost for General Liability insurance. 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 Florida Department of Commerce 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. Landscape Maintenance The District will incur landscaping maintenance expenses, which include mowing, edging, weed-eating, pruning, removing trash and debris from roads, sidewalks, and multi-use trails Canopy Community Development District GENERAL FUND BUDGET 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 Weed Control To record the cost of weed control, fertilization, and pest control. Repairs and Maintenance Cost of repairs and maintenance throughout 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. 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 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. Water/Sewer The cost of water and sewer associated with amenity center restrooms and irrigation. Canopy Community Development District GENERAL FUND BUDGET 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 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. Canopy Community Development District GENERAL FUND BUDGET Holiday Decorations Estimated cost for installation of holiday lights and décor as well as supplies. Contingency Unscheduled repairs and maintenance to the District's facilites Other 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 Adopted Actual Projected Projected Approved Description Budget FY 2025 Thru 4/30/25 Next 5 Months Thru 9/30/25 Budget FY 2026 Revenues Assessments - Tax Roll (Platted Lots) $ 65,612 $ 65,412 $ 200 $ 65,612 $ 65,612 Interest Income $ 500 $ 2,649 $ 1,325 $ 3,974 $ 500 Carry Forward Surplus $ 66,025 $ 66,025 $ - $ 66,025 $ 69,034 Total Revenues $ 132,137 $ 134,086 $ 1,524 $ 135,610 $ 135,146 Expenditure Interest - 11/1 $ 22,648 $ 22,648 $ - $ 22,648 $ 22,148 Principal - 5/1 $ 20,000 $ - $ 20,000 $ 20,000 $ 20,000 Interest - 5/1 $ 22,648 $ - $ 22,648 $ 22,648 $ 22,148 Transfer Out $ 250 $ 853 $ 427 $ 1,280 $ 250 Total Expenditures $ 65,546 $ 23,501 $ 43,075 $ 66,576 $ 64,545 Excess Revenues $ 66,591 $ 110,585 -$ 41,551 $ 69,034 $ 70,601 Beginning Fund Balance $ 98,739 Interest - 11/1 $ 21,648 Less: Debt Service Reserve $ (32,714) Carry Forward Surplus $ 66,025 Assessments Area I Product Type Units O&M Debt Total Debt Total Single Family - 40' 19 $ 878 $ 650 $ 1,528 $ 12,350 Single Family - 50' 47 $ 878 $ 750 $ 1,628 $ 35,250 Single Family - 60' 27 $ 878 $ 850 $ 1,728 $ 22,950 Total Units 93 $ 70,550 Less: Discounts & Collections $ (4,939) Total Net Assessments $ 65,612 Canopy Community Development District Series 2018A-4, Special Assessment Bonds (Combined) Amortization Schedule Date Balance Principal Interest Annual 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 $ - Canopy Community Development District Series 2018A-4, Special Assessment Bonds (Combined) Amortization Schedule 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 $ 935,000 $ 825,925 $ 1,760,925 Adopted Actual Projected Projected Approved Description Budget FY 2025 Thru 4/30/25 Next 5 Months Thru 9/30/25 Budget FY 2026 Revenues Assessments - Tax Roll (Platted Lots) $ 94,279 $ 96,494 $ - $ 96,494 $ 96,790 Assessments - Direct (Unplatted Lots) $ 70,029 $ 47,263 $ 20,255 $ 67,518 $ 67,518 Interest Income $ 2,000 $ 3,754 $ 2,681 $ 6,435 $ 3,000 Carry Forward Surplus $ 221,797 $ 79,179 $ - $ 79,179 $ 85,273 Total Revenues $ 388,105 $ 226,690 $ 22,937 $ 249,627 $ 252,581 Expenditure Interest - 11/1 $ 63,071 $ 63,071 $ - $ 63,071 $ 62,021 Principal - 5/1 $ 35,000 $ - $ 35,000 $ 35,000 $ 40,000 Interest - 5/1 $ 63,071 $ - $ 63,071 $ 63,071 $ 62,021 Transfer Out $ 600 $ 2,141 $ 1,071 $ 3,212 $ 600 Total Expenditures $ 161,142 $ 65,212 $ 99,142 $ 164,354 $ 164,643 Excess Revenues $ 226,963 $ 161,478 -$ 76,205 $ 85,273 $ 87,938 Interest - 11/1 $ 60,821 Product Type Platted Units Debt Total Platted Single Family - 20' 31 $ 450 $ 13,950 Single Family - 30' 21 $ 550 $ 11,550 Single Family - 30' (Attached) 0 $ 450 $ - Single Family - 40' 14 $ 650 $ 9,100 Single Family - 40' (Attached) 0 $ 550 $ - Single Family - 50' 24 $ 750 $ 18,000 Single Family - 60' 26 $ 850 $ 22,100 Single Family - 70' 29 $ 1,000 $ 29,000 Single Family - 80' 0 $ 1,000 $ - Church 0.5 $ 750 $ 375 Total 146 $ 104,075 Total Net Assessment $ 96,790 Canopy Community Development District Debt Service Fund Budget Assessment Area 2 - Series 2018A-1 Bonds Canopy Community Development District Series 2018A-1, Special Assessment Bonds (Combined) Amortization Schedule Date Balance Principal Interest Annual 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 $ - 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 $ 2,170,000 $ 2,360,906 $ 4,530,906 Canopy Community Development District Debt Service Fund Budget Assessment Area 2 - Series 2018A-2 Bonds Adopted Actual Projected Projected Approved Description Budget FY 2025 Thru 4/30/25 Next 5 Months Thru 9/30/25 Budget FY 2026 Revenues Assessments - Direct (Unplatted Lots) $ 182,000 $ 127,400 $ 54,600 $ 182,000 $ 182,000 Assessments - Prepayments $ - $ - $ - $ - $ - Interest Income $ 1,500 $ 2,208 $ 1,577 $ 3,786 $ 1,500 Carry Forward Surplus $ 173,923 $ 140,675 $ - $ 140,675 $ 145,625 Total Revenues $ 357,423 $ 270,283 $ 56,177 $ 326,461 $ 329,125 Expenditure Interest - 11/1 $ 70,418 $ 70,418 $ - $ 70,418 $ 69,188 Interest - 5/1 $ 70,418 $ - $ 70,418 $ 70,418 $ 69,188 Principal - 5/1 $ 40,000 $ - $ 40,000 $ 40,000 $ 40,000 Total Expenditures $ 180,836 $ 70,418 $ 110,418 $ 180,836 $ 178,375 Excess Revenues $ 176,587 $ 199,865 -$ 54,241 $ 145,625 $ 150,750 Interest - 11/1 $ 67,958 Canopy Community Development District Series 2018A-2, Special Assessment Bonds (Term due 5/1/49) Amortization Schedule Date Balance Coupon Principal Interest Annual 5/1/24 $ 2,325,000 6.150% $ 35,000 $ 71,494 $ 106,494 11/1/24 $ 2,290,000 6.150% $ 70,418 $ - 5/1/25 $ 2,290,000 6.150% $ 40,000 $ 70,418 $ 180,835 11/1/25 $ 2,250,000 6.150% $ 69,188 $ - 5/1/26 $ 2,250,000 6.150% $ 40,000 $ 69,188 $ 178,375 11/1/26 $ 2,210,000 6.150% $ 67,958 $ - 5/1/27 $ 2,210,000 6.150% $ 45,000 $ 67,958 $ 180,915 11/1/27 $ 2,165,000 6.150% $ 66,574 $ - 5/1/28 $ 2,165,000 6.150% $ 45,000 $ 66,574 $ 178,148 11/1/28 $ 2,120,000 6.150% $ 65,190 $ - 5/1/29 $ 2,120,000 6.150% $ 50,000 $ 65,190 $ 180,380 11/1/29 $ 2,070,000 6.150% $ 63,653 $ - 5/1/30 $ 2,070,000 6.150% $ 55,000 $ 63,653 $ 182,305 11/1/30 $ 2,015,000 6.150% $ 61,961 $ - 5/1/31 $ 2,015,000 6.150% $ 55,000 $ 61,961 $ 178,923 11/1/31 $ 1,960,000 6.150% $ 60,270 $ - 5/1/32 $ 1,960,000 6.150% $ 60,000 $ 60,270 $ 180,540 11/1/32 $ 1,900,000 6.150% $ 58,425 $ - 5/1/33 $ 1,900,000 6.150% $ 65,000 $ 58,425 $ 181,850 11/1/33 $ 1,835,000 6.150% $ 56,426 $ - 5/1/34 $ 1,835,000 6.150% $ 70,000 $ 56,426 $ 182,853 11/1/34 $ 1,765,000 6.150% $ 54,274 $ - 5/1/35 $ 1,765,000 6.150% $ 75,000 $ 54,274 $ 183,548 11/1/35 $ 1,690,000 6.150% $ 51,968 $ - 5/1/36 $ 1,690,000 6.150% $ 80,000 $ 51,968 $ 183,935 11/1/36 $ 1,610,000 6.150% $ 49,508 $ - 5/1/37 $ 1,610,000 6.150% $ 85,000 $ 49,508 $ 184,015 11/1/37 $ 1,525,000 6.150% $ - $ 46,894 $ - 5/1/38 $ 1,525,000 6.150% $ 90,000 $ 46,894 $ 183,788 11/1/38 $ 1,435,000 6.150% $ 44,126 $ - 5/1/39 $ 1,435,000 6.150% $ 95,000 $ 44,126 $ 183,253 11/1/39 $ 1,340,000 6.150% $ 41,205 $ - 5/1/40 $ 1,340,000 6.150% $ 100,000 $ 41,205 $ 182,410 11/1/40 $ 1,240,000 6.150% $ 38,130 $ - 5/1/41 $ 1,240,000 6.150% $ 105,000 $ 38,130 $ 181,260 11/1/41 $ 1,135,000 6.150% $ 34,901 $ - 5/1/42 $ 1,135,000 6.150% $ 115,000 $ 34,901 $ 184,803 11/1/42 $ 1,020,000 6.150% $ 31,365 $ - 5/1/43 $ 1,020,000 6.150% $ 120,000 $ 31,365 $ 182,730 11/1/43 $ 900,000 6.150% $ 27,675 $ - 5/1/44 $ 900,000 6.150% $ 125,000 $ 27,675 $ 180,350 11/1/44 $ 775,000 6.150% $ 23,831 $ - 5/1/45 $ 775,000 6.150% $ 135,000 $ 23,831 $ 182,663 11/1/45 $ 640,000 6.150% $ 19,680 $ - 5/1/46 $ 640,000 6.150% $ 145,000 $ 19,680 $ 184,360 11/1/46 $ 495,000 6.150% $ 15,221 $ - 5/1/47 $ 495,000 6.150% $ 155,000 $ 15,221 $ 185,442 11/1/47 $ 340,000 6.150% $ 10,455 $ - 5/1/48 $ 340,000 6.150% $ 165,000 $ 10,455 $ 185,910 11/1/48 $ 175,000 6.150% $ 5,381 $ - Canopy Community Development District Series 2018A-2, Special Assessment Bonds (Term due 5/1/49) Amortization Schedule Date Balance Coupon Principal Interest Annual 5/1/49 $ 175,000 6.150% $ 175,000 $ 5,381 $ 185,763 Totals $ 2,325,000 $ 2,340,844 $ 4,665,844 Canopy Community Development District Debt Service Fund Budget Assessment Area 3 - Series 2018A-3 Bonds Adopted Actual Projected Projected Approved Description Budget FY 2025 Thru 4/30/25 Next 5 Months Thru 9/30/25 Budget FY 2026 Revenues Assessments - Tax Roll (Platted Lots) $ 106,997 $ 140,048 $ - $ 140,048 $ 140,477 Assessments - Direct (Unplatted Lots) $ 102,378 $ - $ 68,843 $ 68,843 $ 68,898 Interest Income $ 3,500 $ 4,703 $ 3,359 $ 8,062 $ 3,500 Carry Forward Surplus $ 197,033 $ 136,877 $ - $ 136,877 $ 141,001 Total Revenues $ 409,908 $ 281,628 $ 72,203 $ 353,831 $ 353,875 Expenditure Interest - 11/1 $ 81,875 $ 81,875 $ - $ 81,875 $ 80,469 Principal - 5/1 $ 45,000 $ - $ 45,000 $ 45,000 $ 50,000 Interest - 5/1 $ 81,875 $ - $ 81,875 $ 81,875 $ 80,469 Transfer Out $ 750 $ 2,720 $ 1,360 $ 4,080 $ 750 Total Expenditures $ 209,500 $ 84,595 $ 128,235 $ 212,830 $ 211,688 Excess Revenues $ 200,408 $ 197,033 $ (56,032) $ 141,001 $ 142,188 Beginning Fund Balance $ 241,565 Interest - 11/1 $ 78,906 Less: Debt Service Reserve $ (104,688) Carry Forward Surplus $ 136,877 Canopy Community Development District Series 2018A-3, Special Assessment Bonds (Term due 5/1/49) Amortization Schedule Date Balance Coupon Principal Interest Annual 5/1/22 $ 2,735,000 6.250% $ 35,000 $ 85,469 $ 120,469 11/1/22 $ 2,700,000 6.250% $ 84,375 $ - 5/1/23 $ 2,700,000 6.250% $ 40,000 $ 84,375 $ 208,750 11/1/23 $ 2,660,000 6.250% $ 83,125 $ - 5/1/24 $ 2,660,000 6.250% $ 40,000 $ 83,125 $ 206,250 11/1/24 $ 2,620,000 6.250% $ 81,875 $ - 5/1/25 $ 2,620,000 6.250% $ 45,000 $ 81,875 $ 208,750 11/1/25 $ 2,575,000 6.250% $ 80,469 $ - 5/1/26 $ 2,575,000 6.250% $ 50,000 $ 80,469 $ 210,938 11/1/26 $ 2,525,000 6.250% $ 78,906 $ - 5/1/27 $ 2,525,000 6.250% $ 50,000 $ 78,906 $ 207,813 11/1/27 $ 2,475,000 6.250% $ 77,344 $ - 5/1/28 $ 2,475,000 6.250% $ 55,000 $ 77,344 $ 209,688 11/1/28 $ 2,420,000 6.250% $ 75,625 $ - 5/1/29 $ 2,420,000 6.250% $ 55,000 $ 75,625 $ 206,250 11/1/29 $ 2,365,000 6.250% $ 73,906 $ - 5/1/30 $ 2,365,000 6.250% $ 60,000 $ 73,906 $ 207,813 11/1/30 $ 2,305,000 6.250% $ 72,031 $ - 5/1/31 $ 2,305,000 6.250% $ 65,000 $ 72,031 $ 209,063 11/1/31 $ 2,240,000 6.250% $ 70,000 $ - 5/1/32 $ 2,240,000 6.250% $ 70,000 $ 70,000 $ 210,000 11/1/32 $ 2,170,000 6.250% $ 67,813 $ - 5/1/33 $ 2,170,000 6.250% $ 75,000 $ 67,813 $ 210,625 11/1/33 $ 2,095,000 6.250% $ 65,469 $ - 5/1/34 $ 2,095,000 6.250% $ 80,000 $ 65,469 $ 210,938 11/1/34 $ 2,015,000 6.250% $ 62,969 $ - 5/1/35 $ 2,015,000 6.250% $ 85,000 $ 62,969 $ 210,938 11/1/35 $ 1,930,000 6.250% $ 60,313 $ - 5/1/36 $ 1,930,000 6.250% $ 90,000 $ 60,313 $ 210,625 11/1/36 $ 1,840,000 6.250% $ 57,500 $ - 5/1/37 $ 1,840,000 6.250% $ 95,000 $ 57,500 $ 210,000 11/1/37 $ 1,745,000 6.250% $ 54,531 $ - 5/1/38 $ 1,745,000 6.250% $ 100,000 $ 54,531 $ 209,063 11/1/38 $ 1,645,000 6.250% $ 51,406 $ - 5/1/39 $ 1,645,000 6.250% $ 110,000 $ 51,406 $ 212,813 Canopy Community Development District Series 2018A-3, Special Assessment Bonds (Term due 5/1/49) Amortization Schedule Date Balance Coupon Principal Interest Annual 11/1/39 $ 1,535,000 6.250% $ 47,969 $ - 5/1/40 $ 1,535,000 6.250% $ 115,000 $ 47,969 $ 210,938 11/1/40 $ 1,420,000 6.250% $ 44,375 $ - 5/1/41 $ 1,420,000 6.250% $ 120,000 $ 44,375 $ 208,750 11/1/41 $ 1,300,000 6.250% $ 40,625 $ - 5/1/42 $ 1,300,000 6.250% $ 130,000 $ 40,625 $ 211,250 11/1/42 $ 1,170,000 6.250% $ 36,563 $ - 5/1/43 $ 1,170,000 6.250% $ 140,000 $ 36,563 $ 213,125 11/1/43 $ 1,030,000 6.250% $ 32,188 $ - 5/1/44 $ 1,030,000 6.250% $ 145,000 $ 32,188 $ 209,375 11/1/44 $ 885,000 6.250% $ 27,656 $ - 5/1/45 $ 885,000 6.250% $ 155,000 $ 27,656 $ 210,313 11/1/45 $ 730,000 6.250% $ 22,813 $ - 5/1/46 $ 730,000 6.250% $ 165,000 $ 22,813 $ 210,625 11/1/46 $ 565,000 6.250% $ 17,656 $ - 5/1/47 $ 565,000 6.250% $ 175,000 $ 17,656 $ 210,313 11/1/47 $ 390,000 6.250% $ 12,188 $ - 5/1/48 $ 390,000 6.250% $ 190,000 $ 12,188 $ 214,375 11/1/48 $ 200,000 6.250% $ 6,250 $ - 5/1/49 $ 200,000 6.250% $ 200,000 $ 6,250 $ 212,500 Totals $ 2,735,000 $ 3,057,344 $ 5,792,344 Adopted Projected Total Approved Budget Actual thru Next Projected Budget FY 2025 4/30/25 5 Months @ 9/30/25 FY 2026 Revenues Operating Transfer In $ 40,000 $ 40,000 $ - $ 40,000 $ 50,000 Interest Income $ - $ - $ - $ - $ 1,500 Carryforward Surplus $ - $ - $ - $ - $ 39,711 Total Revenues $ 40,000 $ 40,000 $ - $ 40,000 $ 91,211 Expenditures Expenditures Capital Outlay - GF $ - $ - $ - $ - $ - Other Current Charges $ - $ 289 $ - $ 289 $ 300 Total Expenditures $ - $ 289 $ - $ 289 $ 300 Excess Revenues/ (Expenditures) $ 40,000 $ 39,711 $ - $ 39,711 $ 90,911 Canopy Community Development District Capital Reserve Fund - General Fund Assessment Area 1 (Platted) Product Type Units O&M Debt Total Single Family - 40' 19 $ 878 $ 650 $ 1,528 Single Family - 50' 47 $ 878 $ 750 $ 1,628 Single Family - 60' 27 $ 878 $ 850 $ 1,728 Subtotal A1 Units 93 Assessment Area 2 (Platted) Product Type Units O&M Debt Total Single Family - 20' 31 $ 878 $ 450 $ 1,328 Single Family - 30' 21 $ 878 $ 550 $ 1,428 Single Family - 40' 14 $ 878 $ 650 $ 1,528 Single Family - 50' 24 $ 878 $ 750 $ 1,628 Single Family - 60' 26 $ 878 $ 850 $ 1,728 Single Family - 70' 1 $ 878 $ 1,000 $ 1,878 Single Family - 70'/80' 28 $ 878 $ 1,000 $ 1,878 Church 1 $ - $ 375 $ 375 Subtotal A2 Units 146 Assessment Area 3 (Platted) Product Type Units O&M Debt Total Single Family - 20' 0 $ 878 $ 450 $ 1,328 Single Family - 30' - Attached 30 $ 878 $ 450 $ 1,328 Single Family - 30' 120 $ 878 $ 550 $ 1,428 Single Family - 40' 0 $ 878 $ 650 $ 1,528 Single Family - 50' 5 $ 878 $ 750 $ 1,628 Single Family - 60' 8 $ 878 $ 850 $ 1,728 Single Family - 70' 35 $ 878 $ 1,000 $ 1,878 Single Family - 70'/80' 9 $ 878 $ 1,000 $ 1,878 Single Family - 80' 17 $ 878 $ 1,000 $ 1,878 Subtotal A3 Units 224 Total Units 463 Apartments (1) 329 $ 227 $ 225 $ 452 Total Developed Units 792 Assessments - Direct (Undeveloped) 484 $ 166 N/A $ 166 (1) No access to Amenities Canopy Community Development District Assessment Chart