Peace Creek Village
Community Development District

Adopted Budget
FY2026

Table of Contents

1-2	General Fund	

3-7	

General Fund Narrative	

8	

Debt Services - Series 2024	

9-10	

Series 2024 Amortization Schedule	

11	

Debt Services - Series 2025	

12-13	

Series 2025 Amortization Schedule	

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description		FY2025	6/30/25	3 months	9/30/25	FY2026	

Revenues							
Assessments	$	-	$	-	$	-	$	-	$	357,988	
Developer Contributions	$	84,098	$	86,527	$	24,270	$	110,796	$	33,589	
Total Revenues	$	84,098  $	86,527	$	24,270	$	110,796  $	391,577	

Expenditures							
General & Administrative
Supervisor Fees	
$	
6,000	$	
2,200	
$	600	
$	2,800	$	
12,000	
Employee FICA Expense	$	-	$	168	$	46	$	214	$	918	
Engineering	$	2,000	$	-	$	500	$	500	$	10,000	
Attorney	$	25,000	$	14,181	$	6,250	$	20,431	$	25,000	
Annual Audit	$	-	$	4,700	$	-	$	4,700	$	6,300	
Assessment Administration	$	-	$	-	$	-	$	-	$	6,000	
Arbitrage	$	-	$	-	$	450	$	450	$	900	
Dissemination	$	583	$	3,850	$	1,500	$	5,350	$	6,000	
Disclosure Software	$	2,000	$	-	$	-	$	-	$	5,000	
Reamortization Schedule	$	-	$	-	$	-	$	-	$	500	
Trustee Fees	$	-	$	-	$	-	$	-	$	9,342	
Management Fees	$	32,500	$	30,000	$	9,999	$	39,999	$	40,000	
Information Technology	$	-	$	150	$	450	$	600	$	1,800	
Website Maintenance	$	1,890	$	1,780	$	300	$	2,080	$	1,200	
Postage & Delivery	$	500	$	100	$	125	$	225	$	500	
Telephone	$	200	$	166	$	50	$	216	$	-	
Insurance	$	5,500	$	5,500	$	-	$	5,500	$	6,325	
Copies	$	500	$	250	$	125	$	375	$	500	
Legal Advertising	$	6,500	$	2,288	$	1,625	$	3,913	$	2,500	
Contingency	$	750	$	826	$	240	$	1,066	$	2,500	
Boundary Amendment Expenditures	$	-	$	22,184	$	-	$	22,184	$	-	
Office Supplies	$	-	$	3	$	15	$	18	$	100	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total General & Administrative:	$	84,098  $	88,521	$	22,275	$	110,796  $	137,560	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2025	6/30/25	3 months	9/30/25	FY2026	

Operations & Maintenance
Field Services Property Insurance Field Management
Landscape Maintenance Landscape Replacement Lake Maintenance Streetlights
Electric
Water & Sewer
Sidewalk & Asphalt Maintenance Irrigation Repairs
General Repairs & Maintenance Contingency

$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$

-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$

-	$	8,000
-	$	15,000
-	$	85,000
-	$	13,200
-	$	9,500
-	$	33,000
-	$	2,750
-	$	2,750
-	$	2,750
-	$	5,500
-	$	11,000
-	$	5,500

Subtotal Field Expenditures	$	-	$	-	$	-	$	-	$	193,950

Amenity Expenditures Amenity - Electric Amenity - Water Internet
Pest Control Janitorial Service Security Services Pool Maintenance
Amenity Repairs & Maintenance Amenity Access Management Contingency

$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$
$	-	$

-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$

-	$	4,400
-	$	5,500
-	$	1,100
-	$	982
-	$	6,710
-	$	13,750
-	$	9,625
-	$	5,500
-	$	5,000
-	$	7,500

Excess Revenues/(Expenditures)	$	-	$	(1,995)  $	1,995	$	-	$	-

Total Expenditures	$	84,098  $	88,521  $	22,275  $	110,796  $	391,577

Total Operations & Maintenance:	$	-	$	-	$	-	$	-	$	254,017

Subtotal Amenity Expenditures	$	-	$	-	$	-	$	-	$	60,067

Product	
Units	
Net Assessment	
Net Per Unit (7%)	Less: Developer Contribution	Total Net Assessments	
Total Net Per Unit	Total Gross Per Unit	
Phase 1 - Townhomes	38	$	19,901	$	523.72	$	-	$	19,901	$	523.72	$	563.14	
Phase 1 - Single Family	286	$	299,569	$	1,047.44	$	33,589	$	265,980	$	930.00	$	1,000.00	
Phase 2 - Unplatted (Admin)	336	$	72,106	$	214.60	$	-	$	72,106	$	214.60	$	230.75	
	660	$	391,577		$	33,589	$	357,988			

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all assessable property within the District to fund all general operating and maintenance expenditures during the fiscal year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

FICA Expense

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

Engineering

The District's engineer provides general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

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

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2024 & 2025 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. This cost is based on the Series 2024 & 2025 bonds.

Disclosure Software

The District has contracted with DTS to provide software platform for filing various reports required in accordance with the Continuing Disclosure Agreements for the various bond issue(s).

Re-amortization Schedule

Represents the cost of having revised amortization schedules issued on the District’s bonds when extraordinary redemptions are made.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ Series 2024 & 2025 bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages.

Copies

Printing agenda materials for board meetings, printing of computerized checks, stationary, envelopes, etc.

Legal Advertising

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

Contingency

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

Office Supplies

Miscellaneous office supplies.

Dues, Licenses & Subscriptions

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

Operations & Maintenance: Field Services
Property Insurance

The District’s property insurance coverages.

Field Management

The District has contracted with Governmental Management Services – Central Florida, LLC to provide onsite field management of contracts for the District such as landscape maintenance. Services can include onsite 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 has a contract with Prince & Sons, Inc. to maintain the landscaping located within the District. These services include monthly landscape maintenance such as mowing of turf areas, pruning and trimming, plant bed weed control, fertilization and irrigation inspections.

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District. Lake Maintenance
Represents the estimated cost for the care and maintenance of the Districts lakes which includes shoreline grass, brush, and vegetation control.

Streetlights

Represents the cost to maintain streetlights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

Represents current and estimated electric charges of common areas throughout the District. Water & Sewer
Represents current and estimated costs for water and refuse services provided for common areas throughout the District.
Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenditures

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity facilities.

Internet

Internet service will be added for use at the Amenity Center.

Pest Control

The District will incur costs for pest control treatments to its amenity facilities. Janitorial Services
Represents costs to provide janitorial services and supplies for the District’s amenity facilities. Security Services
Represents the cost of contracting a monthly security service for the District’s amenity facilities.

Pool Maintenance

Represents the costs of regular cleaning and treatments of the District’s pool.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Amenity Access Management

Provides access card issuance through registration, proof of residency, and photo identification. The team also provides keycard troubleshooting for issues and concerns related to access control. Staff reviews security concerns and amenity policy violations via remote camera monitoring on an as-needed basis. Seamless facility rental management for clubhouses, meeting rooms and pavilions. and rentals Districts are provided electronic communication for District news and direct remote customer service through phone and email directly to the Amenity Access Team.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Peace Creek Village
Community Development District Adopted Budget
Debt Service Fund Series 2024

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2025	6/30/25	3 months	9/30/25	FY2026	

Revenues						
Assessments	$	509,789	$	82,482	$	-	$	82,482	$	509,787	
Assessments - Lot Closings	$	-	$	427,307	$	-	$	427,307	$	-	
Interest	$	-	$	18,338	$	6,113	$	24,451	$	12,226	
Carry Forward Surplus (1)	$	217,231	$	481,524	$	-	$	481,524	$	219,985	
Total Revenues	$	727,020	$ 1,009,651	$	6,113	$ 1,015,764	$	741,997	

Expenditures						
Interest - 11/1	$	203,550	$	203,550	$	-	$	203,550	$	201,122	
Principal - 5/1	$	105,000	$	105,000	$	-	$	105,000	$	110,000	
Interest - 5/1	$	203,550	$	203,550	$	-	$	203,550	$	201,122	
Cost of Issuance	$	-	$	4,246	$	-	$	4,246	$	-	
Total Expenditures	$	512,100	$	516,346	$	-	$	516,346	$	512,244	

Other Sources/(Uses)						
Transfer In/(Out)	$	-	$	(279,433)	$	-	$	(279,433)	$	-	
Total Other Sources/(Uses)	$	-	$	(279,433)	$	-	$	(279,433)	$	-	
						
Excess Revenues/(Expenditures)	$	214,920	$	213,872	$	6,113	$	219,985	$	229,754	
				
Interest - 11/1	
 $	198,578 	
(1) Carryforward Surplus is net of Debt Service	Reserve Funds					
Product	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit		
Townhome	38	$37,992	$999.78	$1,075.03		
Single Family	286	$471,795	$1,649.63	$1,773.80		
Total	324	$509,787				

Date		Balance		Prinicpal			Interest		Total	

11/01/25	
$	
7,255,000.00	
$		
-	
$	
201,121.88	
$	
370,579.38	
05/01/26	$	7,255,000.00	$	110,000.00	$	201,121.88			
11/01/26	$	7,145,000.00	$		-	$	198,578.13	$	509,700.00	
05/01/27	$	7,145,000.00	$	115,000.00	$	198,578.13			
11/01/27	$	7,030,000.00	$		-	$	195,918.75	$	509,496.88	
05/01/28	$	7,030,000.00	$	120,000.00	$	195,918.75			
11/01/28	$	6,910,000.00	$		-	$	193,143.75	$	509,062.50	
05/01/29	$	6,910,000.00	$	125,000.00	$	193,143.75			
11/01/29	$	6,785,000.00	$		-	$	190,253.13	$	508,396.88	
05/01/30	$	6,785,000.00	$	130,000.00	$	190,253.13			
11/01/30	$	6,655,000.00	$		-	$	187,246.88	$	507,500.00	
05/01/31	$	6,655,000.00	$	135,000.00	$	187,246.88			
11/01/31	$	6,520,000.00	$		-	$	184,125.00	$	506,371.88	
05/01/32	$	6,520,000.00	$	145,000.00	$	184,125.00			
11/01/32	$	6,375,000.00	$		-	$	180,137.50	$	509,262.50	
05/01/33	$	6,375,000.00	$	150,000.00	$	180,137.50			
11/01/33	$	6,225,000.00	$		-	$	176,012.50	$	506,150.00	
05/01/34	$	6,225,000.00	$	160,000.00	$	176,012.50			
11/01/34	$	6,065,000.00	$		-	$	171,612.50	$	507,625.00	
05/01/35	$	6,065,000.00	$	170,000.00	$	171,612.50			
11/01/35	$	5,895,000.00	$		-	$	166,937.50	$	508,550.00	
05/01/36	$	5,895,000.00	$	180,000.00	$	166,937.50			
11/01/36	$	5,715,000.00	$		-	$	161,987.50	$	508,925.00	
05/01/37	$	5,715,000.00	$	190,000.00	$	161,987.50			
11/01/37	$	5,525,000.00	$		-	$	156,762.50	$	508,750.00	
05/01/38	$	5,525,000.00	$	200,000.00	$	156,762.50			
11/01/38	$	5,325,000.00	$		-	$	151,262.50	$	508,025.00	
05/01/39	$	5,325,000.00	$	210,000.00	$	151,262.50			
11/01/39	$	5,115,000.00	$		-	$	145,487.50	$	506,750.00	
05/01/40	$	5,115,000.00	$	225,000.00	$	145,487.50			
11/01/40	$	4,890,000.00	$		-	$	139,300.00	$	509,787.50	
05/01/41	$	4,890,000.00	$	235,000.00	$	139,300.00			
11/01/41	$	4,405,000.00	$		-	$	132,837.50	$	507,137.50	
05/01/42	$	3,860,000.00	$	250,000.00	$	132,837.50			
11/01/42	$	3,860,000.00	$		-	$	125,962.50	$	508,800.00	
05/01/43	$	3,860,000.00	$	265,000.00	$	125,962.50			
11/01/43	$	3,860,000.00	$		-	$	118,675.00	$	509,637.50	
05/01/44	$	3,860,000.00	$	280,000.00	$	118,675.00			
11/01/44	$	3,860,000.00	$		-	$	110,975.00	$	509,650.00	
05/01/45	$	3,860,000.00	$	295,000.00	$	110,975.00			
11/01/45	$	3,565,000.00	$		-	$	102,493.75	$	508,468.75	
05/01/46	$	3,565,000.00	$	310,000.00	$	102,493.75			
11/01/46	$	3,255,000.00	$		-	$	93,581.25	$	506,075.00	
05/01/47	$	3,255,000.00	$	330,000.00	$	93,581.25			

Date		Balance		Prinicpal		Interest		Total	

11/01/47	
$	
2,925,000.00	
$	
-	
$	
84,093.75	
$	
507,675.00	
05/01/48	$	2,925,000.00	$	350,000.00	$	84,093.75			
11/01/48	$	2,575,000.00	$	-	$	74,031.25	$	508,125.00	
05/01/49	$	2,575,000.00	$	370,000.00	$	74,031.25			
11/01/49	$	2,205,000.00	$	-	$	63,393.75	$	507,425.00	
05/01/50	$	2,205,000.00	$	390,000.00	$	63,393.75			
11/01/50	$	1,815,000.00	$	-	$	52,181.25	$	505,575.00	
05/01/51	$	1,815,000.00	$	415,000.00	$	52,181.25			
11/01/51	$	1,400,000.00	$	-	$	40,250.00	$	507,431.25	
05/01/52	$	1,400,000.00	$	440,000.00	$	40,250.00			
11/01/52	$	960,000.00	$	-	$	27,600.00	$	507,850.00	
05/01/53	$	960,000.00	$	465,000.00	$	27,600.00			
11/01/53	$	495,000.00	$	-	$	14,231.25	$	506,831.25	
05/01/54	$	495,000.00	$	495,000.00	$	14,231.25	$	509,231.25	
			$	7,255,000.00	$	7,680,387.50	$	15,104,845.00	

Peace Creek Village
Community Development District Adopted Budget
Debt Service Fund Series 2025

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
	Description	FY2025	6/30/25	3 months	9/30/25	FY2026	

Revenues					
Assessments	$	-	$	-	$	-	$	-	$	554,330	
Interest	$	-	$	6,232	$	4,674	$	10,906	$	3,116	
Carry Forward Surplus (1)	$	-	$	-	$	-	$	-	$	277,966	
Total Revenues	$	-	$	6,232	$	4,674	$	10,906	$	835,412	

Expenditures					
Interest - 11/1	$	-	$	-	$	-	$	-	$	262,302	
Principal - 5/1	$	-	$	-	$	-	$	-	$	110,000	
Interest - 5/1	$	-	$	-	$	-	$	-	$	221,664	
Cost of Issuance	$	-	$	359,057	$	-	$	359,057	$	-	
Total Expenditures	$	-	$	359,057	$	-	$	359,057	$	593,966	

Other Sources/(Uses)

Bond Proceeds

$	-	$

1,182,439	$

-	$  1,182,439	$	-

Excess Revenues/(Expenditures)	$	-	$	829,614	$	4,674	$	834,288	$	241,446

Total Other Sources/(Uses)	$	-	$ 1,182,439	$	-	$ 1,182,439	$	-

(1) Carryforward Surplus is net of Debt Service Reserve Funds

Interest - 11/1  $

219,189

Product	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit	
Single Family	336	$554,330	$1,649.79	$1,773.97	
Total	336	$554,330			

Date		Balance		Prinicpal			Interest		Total	

11/01/25	
$	
7,905,000.00	
$		
-	
$	
262,302.10	
$	
262,302.10	
05/01/26	$	7,905,000.00	$	110,000.00	$	221,663.75			
11/01/26	$	7,795,000.00	$		-	$	219,188.75	$	550,852.50	
05/01/27	$	7,795,000.00	$	115,000.00	$	219,188.75			
11/01/27	$	7,680,000.00	$		-	$	216,601.25	$	550,790.00	
05/01/28	$	7,680,000.00	$	120,000.00	$	216,601.25			
11/01/28	$	7,560,000.00	$		-	$	213,901.25	$	550,502.50	
05/01/29	$	7,560,000.00	$	125,000.00	$	213,901.25			
11/01/29	$	7,435,000.00	$		-	$	211,088.75	$	549,990.00	
05/01/30	$	7,435,000.00	$	135,000.00	$	211,088.75			
11/01/30	$	7,300,000.00	$		-	$	208,051.25	$	554,140.00	
05/01/31	$	7,300,000.00	$	140,000.00	$	208,051.25			
11/01/31	$	7,015,000.00	$		-	$	204,901.25	$	552,952.50	
05/01/32	$	7,015,000.00	$	145,000.00	$	204,901.25			
11/01/32	$	7,015,000.00	$		-	$	201,638.75	$	551,540.00	
05/01/33	$	7,015,000.00	$	155,000.00	$	201,638.75			
11/01/33	$	6,860,000.00	$		-	$	197,298.75	$	553,937.50	
05/01/34	$	6,860,000.00	$	160,000.00	$	197,298.75			
11/01/34	$	6,700,000.00	$		-	$	192,818.75	$	550,117.50	
05/01/35	$	6,700,000.00	$	170,000.00	$	192,818.75			
11/01/35	$	6,530,000.00	$		-	$	188,058.75	$	550,877.50	
05/01/36	$	6,530,000.00	$	180,000.00	$	188,058.75			
11/01/36	$	6,350,000.00	$		-	$	183,018.75	$	551,077.50	
05/01/37	$	6,350,000.00	$	190,000.00	$	183,018.75			
11/01/37	$	6,160,000.00	$		-	$	177,698.75	$	550,717.50	
05/01/38	$	6,160,000.00	$	200,000.00	$	177,698.75			
11/01/38	$	5,960,000.00	$		-	$	172,098.75	$	549,797.50	
05/01/39	$	5,960,000.00	$	215,000.00	$	172,098.75			
11/01/39	$	5,745,000.00	$		-	$	166,078.75	$	553,177.50	
05/01/40	$	5,745,000.00	$	225,000.00	$	166,078.75			
11/01/40	$	5,520,000.00	$		-	$	159,778.75	$	550,857.50	
05/01/41	$	5,520,000.00	$	240,000.00	$	159,778.75			
11/01/41	$	5,025,000.00	$		-	$	153,058.75	$	552,837.50	
05/01/42	$	4,175,000.00	$	255,000.00	$	153,058.75			
11/01/42	$	4,175,000.00	$		-	$	145,918.75	$	553,977.50	
05/01/43	$	4,175,000.00	$	265,000.00	$	145,918.75			
11/01/43	$	4,175,000.00	$		-	$	138,498.75	$	549,417.50	
05/01/44	$	4,175,000.00	$	285,000.00	$	138,498.75			
11/01/44	$	4,175,000.00	$		-	$	130,518.75	$	554,017.50	
05/01/45	$	4,175,000.00	$	300,000.00	$	130,518.75			
11/01/45	$	4,175,000.00	$		-	$	122,118.75	$	552,637.50	
05/01/46	$	4,175,000.00	$	315,000.00	$	122,118.75			
11/01/46	$	3,860,000.00	$		-	$	112,905.00	$	550,023.75	
05/01/47	$	3,860,000.00	$	335,000.00	$	112,905.00			
11/01/47	$	3,525,000.00	$		-	$	103,106.25	$	551,011.25	

Date		Balance		Prinicpal		Interest		Total	

05/01/48	
$	
3,525,000.00	
$	
355,000.00	
$	
103,106.25			
11/01/48	$	3,170,000.00	$	-	$	92,722.50	$	550,828.75	
05/01/49	$	3,170,000.00	$	380,000.00	$	92,722.50			
11/01/49	$	2,790,000.00	$	-	$	81,607.50	$	554,330.00	
05/01/50	$	2,790,000.00	$	400,000.00	$	81,607.50			
11/01/50	$	2,390,000.00	$	-	$	69,907.50	$	551,515.00	
05/01/51	$	2,390,000.00	$	425,000.00	$	69,907.50			
11/01/51	$	1,965,000.00	$	-	$	57,476.25	$	552,383.75	
05/01/52	$	1,965,000.00	$	450,000.00	$	57,476.25			
11/01/52	$	1,515,000.00	$	-	$	44,313.75	$	551,790.00	
05/01/53	$	1,515,000.00	$	475,000.00	$	44,313.75			
11/01/53	$	1,040,000.00	$	-	$	30,420.00	$	549,733.75	
05/01/54	$	1,040,000.00	$	505,000.00	$	30,420.00			
11/01/54	$	535,000.00	$	-	$	15,648.75	$	551,068.75	
05/01/55	$	535,000.00	$	535,000.00	$	15,648.75	$	550,648.75	
			$	7,905,000.00	$	8,904,850.85	$	16,809,850.85