Canopy
Community Development District

Adopted Budget
FY 2026

Table of Contents

3-4

5-10

11-13

14-15

16-17

18-19

20

21

	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

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

	Capital Reserve Fund - General Fund

	Assessment Chart

	Adopted	Actual	Projected	Projected	Adopted	
Description	Budget FY 2025	7/30/25	Next 2 Months	Thru 9/30/25	Budget FY 2026	

Revenues						
Maintenance Assessments - Tax Roll	$	343,947	$	380,069	$	-	$	380,069	$	377,241	
Maintenance Assessments - Direct (Apartments)	$	58,342	$	-	$	58,342	$	58,342	$	58,342	
Maintenance Assessments - Direct (Ox Bottom)	$	87,460	$	72,883	$	14,577	$	87,460	$	84,498	
Interest - SBA	$	-	$	5,324	$	6,655	$	11,979	$	10,000	
Developer Contributions	$	213,336	$	-	$	-	$	-	$	155,053	
Miscellaneous Income (Rentals)	$	1,000	$	3,967	$	500	$	4,467	$	3,500	
Miscellaneous Revenue - POA Cost Share	$	-	$	115,785	$	-	$	115,785	$	85,020	
Transfer In	$	-	$	134	$	-	$	-	$	-	
Total Revenues	$	704,085	$	578,162	$	80,074	$	658,102	$	773,654	

Expenditures						
Administrative						
Supervisor Fees	$	2,000	$	1,600	$	400	$	2,000	$	3,200	
FICA	$	153	$	122	$	31	$	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	$	7,317	$	1,414	$	8,731	$	8,900	
Amortization Schedule	$	2,000	$	-	$	1,000	$	1,000	$	2,000	
Attorney	$	35,000	$	28,433	$	6,318	$	34,751	$	39,000	
Annual Audit	$	5,000	$	4,600	$	4,500	$	9,100	$	4,600	
Trustee Fees	$	10,000	$	9,105	$	895	$	10,000	$	10,500	
Management Fees	$	43,358	$	36,131	$	7,226	$	43,357	$	46,000	
Information Technology	$	4,157	$	3,464	$	692	$	4,156	$	4,360	
Travel	$	50	$	-	$	-	$	-	$	-	
Telephone	$	250	$	73	$	125	$	198	$	150	
Postage	$	1,000	$	837	$	239	$	1,076	$	1,000	
Printing & Binding	$	1,500	$	57	$	16	$	73	$	750	
Insurance-Liability	$	6,500	$	5,781	$	-	$	5,781	$	6,070	
Legal Advertising	$	2,500	$	745	$	213	$	958	$	1,500	
Other Current Charges	$	3,000	$	1,146	$	255	$	1,401	$	3,000	
Office Supplies	$	750	$	3	$	1	$	4	$	250	
Dues	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	140,823	$	102,539	$	29,325	$	131,864	$	144,649	

Maintenance						
Common Area:						
Field Services	$	12,000	$	-	$	6,000	$	6,000	$	30,000	
Porter Services	$	6,000	$	-	$	-	$	-	$	-	
Landscape Maintenance	$	185,000	$	165,010	$	32,480	$	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	$	5,375	$	6,250	$	11,625	$	15,000	
Operating Supplies	$	1,250	$	-	$	625	$	625	$	1,500	
Contingency	$	-	$	-	$	-	$	-	$	10,000	
Total Common Area	$	281,750	$	189,845	$	49,105	$	238,950	$	358,880	

	Adopted	Actual	Projected	Projected	Adopted	
Description	Budget FY 2025	7/30/25	Next 2 Months	Thru 9/30/25	Budget FY 2026	

Amenity Center						
Amenity Management Staffing	$	35,000	$	-	$	17,500	$	17,500	$	35,000	
Janitorial	$	15,000	$	11,772	$	1,500	$	13,272	$	17,500	
Lanscape Maintenance	$	12,000	$	-	$	-	$	-	$	-	
Pool Maintenance	$	31,500	$	26,900	$	5,200	$	32,100	$	31,500	
Pool Chemicals	$	7,500	$	-	$	-	$	-	$	-	
Pool Permits	$	750	$	375	$	375	$	750	$	750	
Utilities	$	39,500	$	29,359	$	6,524	$	35,883	$	39,500	
Trash	$	2,400	$	335	$	66	$	401	$	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	$	3,209	$	646	$	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	$	3,390	$	360	$	3,750	$	4,000	
Repairs and Maintenance	$	15,000	$	3,716	$	2,000	$	5,716	$	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	$	91,646	$	47,396	$	139,042	$	220,125	

Other						
Contingency	$	18,412	$	6,157	$	9,206	$	15,363	$	-	
Capital Reserve	$	40,000	$	40,000	$	-	$	40,000	$	50,000	
Total Other	$	58,412	$	46,157	$	9,206	$	55,363	$	50,000	
						
Total Maintenance	$	563,262	$	327,648	$	105,707	$	433,355	$	629,005	
						
Total Expenditures	$	704,085	$	430,187	$	135,032	$	565,219	$	773,654	
						
Excess Revenues (Expenditures)	$	-	$	147,975	-$	54,958	$	92,883	-$	0	

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.

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.

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

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.

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.

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

Description	Adopted
Budget FY 2025	Actual
7/30/25	Projected
Next 2 Months	Projected
Thru 9/30/25	Adopted
Budget FY 2026	

Revenues
Assessments - Tax Roll (Platted Lots)	

$	65,612	

$	65,817	

$	-	

$	65,817	

$	65,612	
Interest Income	$	500	$	3,855	$	1,928	$	5,783	$	500	
Carry Forward Surplus	$	66,025	$	66,025	$	-	$	66,025	$	70,528	
Total Revenues	$	132,137	$	135,697	$	1,928	$	137,624	$	136,640	

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	$	1,200	$	600	$	1,800	$	250	
Total Expenditures	$	65,546	$	66,496	$	600	$	67,096	$	64,545	
						
Excess Revenues	$	66,591	$	69,201	$	1,328	$	70,528	$	72,095	
Beginning Fund Balance		$		98,739 Less: Debt Service Reserve	 $	(32,714)  Carry Forward Surplus	 $		66,025 				
Interest - 11/1	
$	21,648	

Assessments Area I

Product Type	Units	O&M	Debt	Total	Debt Total

Single Family - 40'	19
Single Family - 50'	47
Single Family - 60'	27

$	878	$
$	878	$
$	878	$

650	$
750	$
850	$

1,528	$
1,628	$
1,728	$

12,350
35,250
22,950

Total Units	93	$	70,550

Less: Discounts & Collections	$	(4,939)

Total Net Assessments	$	65,612

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	$	-	

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	

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

	Adopted	Actual	Projected	Projected	Adopted	
Description		Budget FY 2025	7/30/25	Next 2 Months	Thru 9/30/25	Budget FY 2026	

Revenues							
Assessments - Tax Roll (Platted Lots)		$	94,279	$	97,092	$	-	$	97,092	$	96,790	
Assessments - Direct (Unplatted Lots)		$	70,029	$	47,263	$	20,255	$	67,518	$	67,518	
Interest Income		$	2,000	$	5,493	$	1,099	$	6,592	$	3,000	
Carry Forward Surplus		$	221,797	$	79,179	$	-	$	79,179	$	84,723	
Total Revenues		$	388,105	$	229,027	$	21,354	$	250,381	$	252,031	

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	$	3,011	$	1,506	$	4,517	$	600	
Total Expenditures		$	161,142	$	164,153	$	1,506	$	165,659	$	164,643	
							
Excess Revenues		$	226,963	$	64,874	$	19,849	$	84,723	$	87,388	
					
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 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	Adopted Budget	
Description	Budget FY 2025	7/30/25	Next 2 Months	Thru 9/30/25		FY 2026	

Revenues
Assessments - Direct (Unplatted Lots)	

$	

182,000	

$	127,400	

$	54,600	$	

182,000	

$	

182,000	
Assessments - Prepayments	$	-	$	-	$	-	$	-	$	-	
Interest Income	$	1,500	$	3,266	$	653	$	3,919	$	1,500	
Carry Forward Surplus	$	173,923	$	140,675	$	-	$	140,675	$	145,758	
Total Revenues	$	357,423	$	271,341	$	55,253	$	326,594	$	329,258	

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	$	180,836	$	-	$	180,836	$	178,375	
								
Excess Revenues	$	176,587	$	90,505	$	55,253	$	145,758	$	150,883	
				
Interest - 11/1	
$	
67,958	

Canopy Community Development District Series 2018A-2, Special Assessment Bonds (Term due 5/1/49)

Amortization Schedule

Date	Balance	Principal	Interest	Annual	

5/1/24	
$ 2,325,000	
$	35,000	
$	71,494	
$	106,494	
11/1/24	$ 2,290,000		$	70,418	$	-	
5/1/25	$ 2,290,000	$	40,000	$	70,418	$	180,835	
11/1/25	$ 2,250,000		$	69,188	$	-	
5/1/26	$ 2,250,000	$	40,000	$	69,188	$	178,375	
11/1/26	$ 2,210,000		$	67,958	$	-	
5/1/27	$ 2,210,000	$	45,000	$	67,958	$	180,915	
11/1/27	$ 2,165,000		$	66,574	$	-	
5/1/28	$ 2,165,000	$	45,000	$	66,574	$	178,148	
11/1/28	$ 2,120,000		$	65,190	$	-	
5/1/29	$ 2,120,000	$	50,000	$	65,190	$	180,380	
11/1/29	$ 2,070,000		$	63,653	$	-	
5/1/30	$ 2,070,000	$	55,000	$	63,653	$	182,305	
11/1/30	$ 2,015,000		$	61,961	$	-	
5/1/31	$ 2,015,000	$	55,000	$	61,961	$	178,923	
11/1/31	$ 1,960,000		$	60,270	$	-	
5/1/32	$ 1,960,000	$	60,000	$	60,270	$	180,540	
11/1/32	$ 1,900,000		$	58,425	$	-	
5/1/33	$ 1,900,000	$	65,000	$	58,425	$	181,850	
11/1/33	$ 1,835,000		$	56,426	$	-	
5/1/34	$ 1,835,000	$	70,000	$	56,426	$	182,853	
11/1/34	$ 1,765,000		$	54,274	$	-	
5/1/35	$ 1,765,000	$	75,000	$	54,274	$	183,548	
11/1/35	$ 1,690,000		$	51,968	$	-	
5/1/36	$ 1,690,000	$	80,000	$	51,968	$	183,935	
11/1/36	$ 1,610,000		$	49,508	$	-	
5/1/37	$ 1,610,000	$	85,000	$	49,508	$	184,015	
11/1/37	$ 1,525,000	$	-	$	46,894	$	-	
5/1/38	$ 1,525,000	$	90,000	$	46,894	$	183,788	
11/1/38	$ 1,435,000		$	44,126	$	-	
5/1/39	$ 1,435,000	$	95,000	$	44,126	$	183,253	
11/1/39	$ 1,340,000		$	41,205	$	-	
5/1/40	$ 1,340,000	$  100,000	$	41,205	$	182,410	
11/1/40	$ 1,240,000		$	38,130	$	-	
5/1/41	$ 1,240,000	$  105,000	$	38,130	$	181,260	
11/1/41	$ 1,135,000		$	34,901	$	-	
5/1/42	$ 1,135,000	$  115,000	$	34,901	$	184,803	
11/1/42	$ 1,020,000		$	31,365	$	-	
5/1/43	$ 1,020,000	$  120,000	$	31,365	$	182,730	
11/1/43	$	900,000		$	27,675	$	-	
5/1/44	$	900,000	$  125,000	$	27,675	$	180,350	
11/1/44	$	775,000		$	23,831	$	-	
5/1/45	$	775,000	$  135,000	$	23,831	$	182,663	
11/1/45	$	640,000		$	19,680	$	-	
5/1/46	$	640,000	$  145,000	$	19,680	$	184,360	
11/1/46	$	495,000		$	15,221	$	-	
5/1/47	$	495,000	$  155,000	$	15,221	$	185,442	
11/1/47	$	340,000		$	10,455	$	-	
5/1/48	$	340,000	$  165,000	$	10,455	$	185,910	
11/1/48	$	175,000		$	5,381	$	-	
5/1/49	$	175,000	$  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	Adopted Budget	
Description	Budget FY 2025		7/30/25	Next 2 Months	Thru 9/30/25		FY 2026	

Revenues
Assessments - Tax Roll (Platted Lots)	$	

106,997	

$	

140,915	

$	-	

$	140,915	

$	

140,477	
Assessments - Direct (Unplatted Lots)	$	102,378	$	-	$	68,843	$	68,843	$	68,898	
Interest Income	$	3,500	$	6,688	$	1,338	$	8,026	$	3,500	
Carry Forward Surplus	$	197,033	$	136,877	$	-	$	136,877	$	140,169	
Total Revenues	$	409,908	$	284,480	$	70,181	$	354,661	$	353,043	

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	$	3,828	$	1,914	$	5,742	$	750	
Total Expenditures	$	209,500	$	212,578	$	1,914	$	214,492	$	211,688	
								
Excess Revenues	$	200,408	$	71,902	$	68,267	$	140,169	$	141,356	

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	Principal	Interest	Annual	

5/1/22	
$ 2,735,000	
$	
35,000	
$	85,469	
$  120,469	
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	$	-	
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	$ 3,057,344	$ 5,792,344	

Canopy
Community Development District
Capital Reserve Fund - General Fund

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Adopted
Budget	
	FY 2025	6/30/25	3 Months	@ 9/30/25	FY 2026	

Revenues						
Operating Transfer In	$	40,000	$	40,000	$	-	$	40,000	$	50,000	
Interest Income	$	-	$	143	$	-	$	-	$	1,500	
Carryforward Surplus	$	-	$	-	$	-	$	-	$	39,496	
Total Revenues	$	40,000	$	40,143	$	-	$	40,000	$	90,996	

Expenditures						
Expenditures						
Capital Outlay - GF	$	-	$	-	$	-	$	-	$	-	
Other Current Charges	$	-	$	418	$	86	$	504	$	540	
Total Expenditures	$	-	$	418	$	86	$	504	$	540	
						
Excess Revenues/ (Expenditures)	$	40,000	$	39,725	$	(86)	$	39,496	$	90,456	

Canopy Community Development District Assessment Chart

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	$	191	$	225	$	416	
Total Developed Units	792				
					
Assessments - Direct (Undeveloped)	484	$	166	N/A	$	166	

(1) No access to Amenities