Adopted Budget
Fiscal Year 2022

Palm Glades Community Development District

August 10, 2021

Palm Glades
Community Development District

TABLE OF CONTENTS

General Fund Budget Narrative

Page 1-2
Page 3-7

Capital Reserve Fund Budget

Page 8

Debt Service Fund

Series 2016
Budget
Amortization Schedule - 2016

Page 9
Page 10

Series 2017
Budget
Amortization Schedule - 2017

Page 11
Page 12

Series 2018A1/A2 - Series 2018
Budget
Amortization Schedule - 2018A1 Amortization Schedule - 2018A2

Page 13
Page 14
Page 15

Series 2020
Budget
Amortization Schedule - 2020

Page 16
Page 17

Palm Glades
Community Development District

General Fund

FY2021
Adopted
 	Budget	

Actual thru
     6/30/2021 

Projected Next
      3 Months	

Total Projected at
 	9/30/2021	

FY2022
Adopted
 	Budget	

 Description	

Revenues

Maintenance Assessments Interest Income
Clubhouse Revenue Carry Forward Surplus

$1,813,151
$5,000
$0
$543,581

$1,785,959
$1,366
$2,338
$757,325

$27,192
$250
$255
$0

$1,813,151
$1,616
$2,593
$757,325

$2,585,061
$1,000
$0
$0

Total Revenues

 	$2,361,732 

 	$2,546,988 

 	$27,697 

 	$2,574,685 

 	$2,586,061 

Expenditures

Administrative Supervisors Fee FICA Expense Engineering Fees Arbitrage Dissemination Attorney Fees Annual Audit Trustee Fees Assessment Roll Management Fees
Website Administration Telephone
Postage
Printing & Binding Rentals & Leases Insurance
Legal Advertising Other Current Charges Office Supplies
Dues, Licenses Capital Outlay
First Quarter Operating
Total Administrative

$9,600
$734
$10,000
$3,000
$2,500
$40,000
$5,900
$17,000
$2,000
$43,353
$3,000
$100
$1,000
$2,900
$2,400
$6,795
$2,600
$1,050
$260
$175
$250
 	$0 
 	$154,617 

$6,400
$490
$0
$600
$1,875
$23,403
$5,200
$20,500
$2,000
$32,515
$2,250
$0
$680
$1,129
$1,800
$6,503
$929
$748
$162
$175
$0
 	$0 
 	$107,358 

$2,800
$214
$10,000
$1,800
$625
$16,598
$0
$0
$0
$10,838
$750
$100
$320
$1,771
$600
$0
$950
$302
$98
$0
$250
 	$180,750 
 	$228,765 

$9,200
$704
$10,000
$2,400
$2,500
$40,000
$5,200
$20,500
$2,000
$43,353
$3,000
$100
$1,000
$2,900
$2,400
$6,503
$1,879
$1,050
$260
$175
$250
 	$180,750 
 	$336,124 

$9,600
$734
$10,000
$2,400
$2,500
$40,000
$5,400
$20,500
$2,000
$43,353
$3,000
$100
$1,000
$2,900
$2,400
$7,154
$2,600
$1,050
$260
$175
$250
 	$0 
 	$157,376 

Field
Landscape Maintenance Porter Service
Mulch
Tree Trimming & Palm Pruning Landscape Fertilization & Pest Control Annuals
Plants Replacement Irrigation System Irrigation Repairs Electricity
Refuse
Entrance Maintenance & Repairs Janitorial Supplies
Lake Maintenance Lake Debris Removal
Cleaning of Drainage System Pressure Cleaning - Sidewalk Field Management
Security Services Holiday Decorations Sidewalk Repairs Contingency  Capital Reserves Total Field

$191,000
$79,560
$62,000
$39,000
$43,870
$15,000
$39,000
$22,800
$15,000
$28,000
$14,138
$20,000
$4,200
$13,500
$3,600
$22,000
$18,600
$19,500
$527,000
$15,000
$0
$65,750
 	$175,000 
 	$1,433,518 

$144,884
$59,670
$63,214
$3,520
$27,675
$15,262
$34,444
$15,200
$18,604
$20,790
$10,886
$2,928
$0
$7,065
$0
$0
$0
$14,625
$397,867
$17,393
$0
$24,325
 	$0 
 	$878,354 

$47,723
$19,890
$0
$35,480
$9,225
$0
$4,918
$7,600
$0
$7,210
$6,127
$17,072
$4,200
$2,355
$3,600
$22,000
$18,600
$4,875
$129,133
$0
$0
$41,425
 	$175,000 
 	$556,432 

$192,607
$79,560
$63,214
$39,000
$36,900
$15,262
$39,363
$22,800
$18,604
$28,000
$17,013
$20,000
$4,200
$9,420
$3,600
$22,000
$18,600
$19,500
$527,000
$17,393
$0
$65,750
 	$175,000 
 	$1,434,786 

$191,000
$79,560
$62,000
$39,000
$43,870
$15,000
$39,000
$22,800
$15,000
$28,000
$14,704
$20,000
$4,200
$13,500
$3,600
$22,000
$18,600
$19,500
$527,000
$17,400
$50,000
$94,800
 	$275,000 
 	$1,615,534 

Page 1

Palm Glades
Community Development District

General Fund

FY2021
Adopted
 	Budget	

Actual thru
     6/30/2021 

Projected Next
      3 Months	

Total Projected at
 	9/30/2021	

FY2022
Adopted
 	Budget	

 Description	

Clubhouse
Access Control (cards, systems, cameras m Air Conditioning Maintenance
Basketball Court Repairs and Maintenance Cable & Internet Service
Circuit Training Equipment Maintenance Sauna Equipment Maintenance Electricity
Fire Alarm & Building Alarm Monitoring Gazebo and Trellis Repairs and Maintenan Holiday Decorations
Insurance
Irrigation Repairs and Maintenance Janitorial
Janitorial Supplies Landscape Maintenance
Landscape Replacement (Includes Mulchin Management Fees
Office Equipment Maintenance Office Supplies/Clubhouse Supplies Pest Control-Interior & Exterior
Pool, Spa and Waterpark Maintenance Pool, Spa and Waterpark Repairs Printing & Postage
Property Taxes
Repairs/Maintenance & Supplies (General) Residential Social Expenses
Security Telephone
Trash Collection/Recycling Water & Sewer
Window Cleaning/Pressure Cleaning

$5,000
$5,000
$10,000
$9,000
$6,350
$3,500
$45,000
$3,300
$11,000
$5,000
$34,000
$5,000
$52,000
$5,200
$30,540
$26,176
$226,875
$5,000
$11,000
$3,500
$45,000
$32,500
$2,400
$0
$50,000
$20,000
$66,670
$700
$6,500
$8,000
$4,000

$3,082
$2,626
$21
$3,109
$2,588
$0
$23,863
$2,228
$0
$6,731
$35,529
$3,140
$35,100
$0
$17,640
$1,000
$125,079
$0
$9,421
$7,053
$29,425
$17,113
$0
$465
$27,703
$6,038
$42,137
$460
$0
$4,234
$0
 	$90,920 
 	$496,705 

$1,918
$2,000
$9,979
$3,391
$4,069
$3,500
$8,100
$1,072
$11,000
$0
$0
$1,860
$11,700
$5,200
$5,880
$25,176
$101,796
$5,000
$1,579
$1,755
$4,775
$15,387
$2,400
$0
$22,297
$13,962
$24,533
$152
$6,500
$3,500
$4,000
 	$4,590 
 	$307,070 

$5,000
$4,626
$10,000
$6,500
$6,657
$3,500
$31,963
$3,300
$11,000
$6,731
$35,529
$5,000
$46,800
$5,200
$23,520
$26,176
$226,875
$5,000
$11,000
$8,808
$34,200
$32,500
$2,400
$465
$50,000
$20,000
$66,670
$611
$6,500
$7,734
$4,000
 	$95,510 
 	$803,775 

$5,000
$5,000
$10,000
$9,000
$6,350
$3,500
$45,000
$3,300
$11,000
$6,731
$38,259
$5,000
$52,000
$5,200
$30,540
$26,176
$226,875
$5,000
$11,000
$8,400
$45,000
$32,500
$2,400
$500
$50,000
$20,000
$66,670
$700
$6,500
$8,000
$4,000
 	$63,550 
 	$813,151 

Contingency
Total Clubhouse

 	$35,386 
 	$773,597 

Total Expenditures

 	$2,361,732 

 	$1,482,416 

 	$1,092,268 

 	$2,574,684 

 	$2,586,061 

Excess Revenues/Expenditures

$0

$1,064,571

($1,064,571)

$0

$0

Page 2

FY 2020	FY 2021	FY 2022

Net Assessments - Adm. & Field	$995,129	$1,039,554
Plus Collection Fees (5%)	$52,375	$54,713
Gross Assessments - Adm. & Field	$1,047,504	$1,094,267 No. of Units		1,712		1,755
Gross Per Unit Assessments - Adm. & Field	$611.86	$611.86

$1,771,910
$93,258

$1,865,168
1,784
$1,045.50

Net Assessments - Clubhouse		$773,597 Plus Collection Fees (5%)	 		$40,716 Gross Assessments - Clubhouse		$814,313 No. of Units				1,712
Gross Per Unit Assessments - Clubhouse	$475.65

$773,597
 	$40,716 
$814,313
1,712
$475.65
$1,908,580
$1,813,151

$813,151
$42,797

$855,948
1,741
$491.64

Total Gross Assessments	$1,861,817
Total Net Assessments	$1,768,726

$2,721,117
$2,585,061

Palm Glades
Community Development District

General Fund

REVENUES:

Maintenance Assessments
The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all of the operating expenses for the Fiscal Year in accordance with the adopted budget.

Interest Income
The District will have all excess funds invested with the State Board of Administration. The Amount is based upon the estimated average balance of funds available during the fiscal year.

EXPENDITURES:

Administrative:

Supervisor Fees
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon all five supervisors attending the estimated 12 annual meetings.

FICA Expense
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

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

Arbitrage
The District is required to have an annual arbitrage rebate calculation on the District’s Bonds. The District will contract with an independent auditing firm to perform the calculations.

Dissemination
The District is required by the Security and Exchange Commission to comply with Rule 15(c) (2)-12(b) (5), which relates to  additional reporting requirements for un-rated bond issues.

Attorney Fees
The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Trustee Fees
The District will issue bonds to be held with a Trustee at Wells Fargo Bank. The amount of the trustee fees is based on the agreement between Wells Fargo Bank and the District.

Assessment Roll
The District receives Annual Assessment Administration of 1% of assessments not to exceed $2,000. Annually by GMS, SF, LLC.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement  with  Governmental Management Services – South Florida, LLC. These services are further outlined in Exhibit "A" of the Management Agreement.

Website Administration
The District maintains a website for the homeowners which are kept to date by GMS, S. FL

Telephone
Telephone and fax machine.

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.
Page 3

Palm Glades
Community Development District

General Fund

Administrative: (continued)

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

Rentals & Leases
The District will be charged $200 per month for office rent from Governmental Management Services – South Florida, LLC for the District's administrative office located in Ft. Lauderdale.

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance (FIA). Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.

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

Other Current Charges
Bank charges and any other miscellaneous expenses that incurred during the year.

Office Supplies
Miscellaneous office supplies.

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

Capital Outlay
Represents any minor capital expenditures the District may need to make during the Fiscal Year such as a file cabinet for District files.

Field:

Landscape Maintenance
The District has a contract with Brightview Landscaping Company for the maintenance of the Common Areas only. Includes grass cutting and edging. Irrigation monthly wet check, quarterly fertilization, bi-monthly pest control  and  weed  control.  Additional services as requested by the District not included. Janitorial Services have also been included as part of the contract with Brightview.

Porter Services
This represents various cleanups and maintenance throughout the District.

Mulch
The District will go into a contract for the mulching of Common Areas only.

Tree Trimming & Palm Pruning
The District will go into contract for the maintenance of tress which includes trimming of tress in the Common Areas only.

Landscape Fertilization & Pest Control
The District will go into contract for the fertilization of the palm trees on the Common Areas only.

Plants Replacement
The District will go into contract for the replacement of plants needed along the common areas.

Irrigation System
The District will go into contract for the maintenance of the irrigation system.

Irrigation Repairs
The District will go into contract for the repairs of the District’s irrigation system.

Electricity
FPL provides electricity for Common Area Lighting.

Page 4

Palm Glades
Community Development District

General Fund

Field: (continued)

Refuse
The District has a contract with Waste Connections of Florida for monthly refuse service.

Entrance Maintenance & Repairs
The District will go into contract for the maintenance and repairs of the entrance.

Janitorial Services
The District has contracted with Brightview to conduct these services.  This contract includes one (1) full time janitor for 40 hours   per week. There is another Porter included in the current landscape agreement.

Janitorial Supplies
This includes any supplies needed for the maintenance of the common areas from Janitorial services.

Lake Maintenance
The District has a contract with Solitude Lake Management for the monthly cleaning of all lakes.

Lake Debris Removal
The District has a contract with Brightview Landscaping Company monthly debris removal from all lakes

Cleaning of Drainage System
The District will contract a company to clean the drainage system

Pressure Cleaning – Sidewalk
The District has contracted a company do pressure clean the sidewalks

Field Management
The District has a contract Governmental Management Services, South Florida, LLC for on-site management. include reviewing contracts and other maintenance related items.

The responsibilities

Security Services
The District has a contract with Delta Five Security for security services

Special Security Services
The District will go into contract to have police officers patrol the areas.

Holiday Decorations
The District will hire a company to decorate the common grounds for the holidays.

Sidewalk Repairs
The District will contract a company for the repairs of the sidewalks.

Contingency
Any unbudgeted miscellaneous items.

Capital Reserves
Funds reserved for any unanticipated and unscheduled cost to the District.

Clubhouse Maintenance:

Access Control
Includes camera monthly fee, also includes access cards and repairs.

Air Conditioning Maintenance Contract
Estimated cost to maintain the air conditioning system.

Basketball Court Repairs and Maintenance
Estimated cost to maintain the basketball courts.

Cable and Internet
Estimated cost of cable TV and internet for the Club with Comcast and Ark Solvers as needed.

Page 5

Palm Glades
Community Development District

General Fund

Club House: (continued)

Circuit Training Equipment Maintenance
Estimated cost to maintain the circuit training equipment.

Sauna Equipment Maintenance
Estimated cost to maintain the sauna equipment.

Electricity
FPL provides electricity for the club house.

Fire Alarm & Building Alarm Monitoring
Estimated cost of the fire alarm and building alarm monitoring services.

Gazebo and Trellis Repairs and Maintenance
Estimated cost of the repairs for the gazebo and trellis repairs and maintenance.

Holiday Decorations
The District will hire a company to decorate the common grounds for the holidays.

Insurance
The District's property insurance is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Irrigation Maintenance
Irrigation system within the clubhouse areas, which includes monthly wet check and irrigation system repair materials.

Janitorial Services
The District has contracted with All professional Cleaning to conduct these services. This contract includes one (1) full time janitor  for 40 hours per week.

Janitorial Supplies
Include additional janitorial supplies not provide by contract.

Landscape Maintenance
Maintaining the lawn and plants around the club.

Landscape Replacement
(Includes Mulching) that this line item includes plant replacement and mulching once a year.

Management Fees
Onsite management fees for the clubhouse.

Office Equipment Maintenance
Reflects the maintenance agreement for the copier plus any repairs to other office equipment.

Office Supplies/Clubhouse Supplies
Supplies to run Club and Club Office.

Pest Control
Preventative maintenance for bugs and rodents.

Pool, Spa and Waterpark Maintenance
Cost to maintain the pool, does not include repairs.

Pool, Spa and Waterpark Repairs
Cost to make unanticipated repairs to the pool.

Printing and Postage
The cost of any printing and postage associated with the club house.

Property Taxes
The counties property taxes for the club house

Page 6

Palm Glades
Community Development District

General Fund

Club House: (continued)

Repairs/Maintenance & Supplies
Maintenance expenditures required to repair and maintain the Club.

Residential Social Expenses
Expenses related to Social Events.

Security
Night watch as needed.

Telephone
Cost of telephone lines for telephone, internet, fax and alarm systems.

Trash Collection/Recycling
Cost of trash and recycling removal.

Water & Sewer
Water and sewer cost for the Club.

Window Cleaning/Pressure Cleaning
Cost of cleaning the windows and pressure cleaning

Contingency
Any unscheduled repairs and maintenance that the District should incur during the fiscal year.

Page 7

Palm Glades
Community Development District

Capital Reserve Fund

FY2021
Adopted
 	Budget	

Actual through
     6/30/2021	

Projected Next
     3 Months	

Total Projected
     9/30/2021	

FY2022
Adopted
 	Budget	

 Description	

Revenues

Interest Income
Capital Reserve Contribution Carry Forward  Surplus (1)

$250
$175,000
$200,150

$0
$0
$75,190

$0
$175,000
$0

$0
$175,000
$75,190

$250
$275,000
$249,842

Total Revenues

 	$375,400 

 	$75,191 

 	$175,000 

 	$250,191 

 	$525,092 

Expenditures

Other Current Charges/Bank

$0

$261

$87

$348

$350

Total Expenditures

 	$0 

 	$261 

 	$87 

 	$348 

 	$350 

Excess Revenues/(Expenditures)

$375,400

$74,929

$174,913

$249,842

$524,742

Page 8

Palm Glades
Community Development District

Debt Service

Series 2016 Special Assessment Refunding Bonds

FY2021
Adopted
 	Budget	

Actual through
     6/30/2021	

Projected Next
     3 Months	

Total Projected
     9/30/2021	

FY2022
Adopted
 	Budget	

 Description	

Revenues

Special Assessments Interest Income
Carry Forward Surplus (1)

$899,599
$2,500
$416,405

$895,539
$91
$447,217

$4,060
$20
$0

$899,599
$111
$447,217

$899,599
$0
$465,377

Total Revenues

 	$1,318,503 

 	$1,342,847 

 	$4,080 

 	$1,346,927 

 	$1,364,976 

Expenditures

Interest 11/1 Principal - 5/1 Interest - 5/1

$188,275
$505,000
$188,275

$188,275
$505,000
$188,275

$0
$0
$0

$188,275
$505,000
$188,275

$182,594
$520,000
$182,594

Total Expenditures

 	$881,550 

 	$881,550 

 	$0 

 	$881,550 

 	$885,188 

Excess   Revenues/(Expenditures)

$436,953

$461,297

$4,080

$465,377

$479,788

Interest Payment - 11/1/2022

$176,094

(1) Carry forward surplus is net of Reserve requirement.

Page 9

No. of Units	FY 2022

Net Assessments
Plus Collection Fees (5%) Gross Assessments
Gross Single Family Per Unit	372
Gross Multi-family Per Unit	563

$899,599
$47,347

$946,946

$1,088
$963

Palm Glades
Community Development District

Series 2016, Special Assessment Refunding Bonds
Amortization Schedule

11/01/19
05/01/20
11/01/20
05/01/21

$
$
$
$

11,015,000.00
11,015,000.00
10,515,000.00
10,515,000.00

$
$
$
$

- 500,000.00
- 505,000.00

$
$
$
$

193,900.00
193,900.00
188,275.00
188,275.00

$
$
$
$

- 887,800.00
- 881,550.00

11/01/22
05/01/23
11/01/23
05/01/24
11/01/24
05/01/25
11/01/25
05/01/26
11/01/26
05/01/27
11/01/27
05/01/28
11/01/28
05/01/29
11/01/29
05/01/30
11/01/30
05/01/31
11/01/31
05/01/32
11/01/32
05/01/33
11/01/33
05/01/34
11/01/34
05/01/35
11/01/35
05/01/36

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

9,490,000.00
9,490,000.00
8,960,000.00
8,960,000.00
8,410,000.00
8,410,000.00
7,845,000.00
7,845,000.00
7,265,000.00
7,265,000.00
6,660,000.00
6,660,000.00
6,030,000.00
6,030,000.00
5,375,000.00
5,375,000.00
4,695,000.00
4,695,000.00
3,990,000.00
3,990,000.00
3,255,000.00
3,255,000.00
2,490,000.00
2,490,000.00
1,695,000.00
1,695,000.00
865,000.00
865,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

- 530,000.00
- 550,000.00
- 565,000.00
- 580,000.00
- 605,000.00
- 630,000.00
- 655,000.00
- 680,000.00
- 705,000.00
- 735,000.00
- 765,000.00
- 795,000.00
- 830,000.00
- 865,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

176,093.75
176,093.75
168,806.25
168,806.25
160,556.25
160,556.25
152,081.25
152,081.25
141,206.25
141,206.25
129,862.50
129,862.50
118,050.00
118,050.00
105,768.75
105,768.75
93,018.75
93,018.75
79,800.00
79,800.00
65,100.00
65,100.00
49,800.00
49,800.00
33,900.00
33,900.00
17,300.00
17,300.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

- 882,187.50
- 887,612.50
- 886,112.50
- 884,162.50
- 887,412.50
- 889,725.00
- 891,100.00
- 891,537.50
- 891,037.50
- 894,600.00
- 895,200.00
- 894,600.00
- 897,800.00
- 899,600.00

Page 10

$	11,015,000.00   $	4,112,225.00   $	15,127,225.00

11/01/21	$	10,010,000.00	$	-	$	182,593.75   $	-
05/01/22	$	10,010,000.00	$	520,000.00   $	182,593.75   $	885,187.50

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

Palm Glades
Community Development District

Debt Service

Series 2017 Special Assessment Refunding  Bonds

FY2021
Adopted
 	Budget	

Actual through
     6/30/2021	

Projected Next
     3 Months	

Total Projected
     9/30/2021	

FY2022
Adopted
 	Budget	

 Description	

Revenues

Special Assessments Interest Income
Carry Forward Surplus (1)

$727,253
$1,000
$249,755

$724,116
$42
$248,844

$3,137
$20
$0

$727,253
$62
$248,844

$727,253
$0
$248,183

Total Revenues

 	$978,008 

 	$973,002 

 	$3,157 

 	$976,159 

 	$975,436 

Expenditures

Interest Expense - 11/1 Interest Expense - 5/1 Principal Expense - 5/1

$211,488
$211,488
$305,000

$211,488
$211,488
$305,000

$0
$0
$0

$211,488
$211,488
$305,000

$206,150
$206,150
$320,000

Total Expenditures

 	$727,975 

 	$727,976 

 	$0 

 	$727,976 

 	$732,300 

Excess   Revenues/(Expenditures)

$250,033

$245,027

$3,157

$248,183

$243,136

$199,750

(1) Carry forward surplus is net of Reserve requirement.

Interest Payment - 11/1/2022

Page 11

No. of Units	FY 2022

Net Assessments
Plus Collection Fees (5%) Gross Assessments
Gross Single Family Per Unit	413
Gross Multy-family Per Unit	364

$727,253
$38,276

$765,529

$1,039
$924

Palm Glades
Community Development District

Series 2017 Special Assessments Refunding  Bonds
Amortization Schedule

11/01/19
05/01/20
11/01/20
05/01/21

$
$
$
$

9,270,000.00
9,270,000.00
8,975,000.00
8,975,000.00

$
$
$
$

- 295,000.00
- 305,000.00

$
$
$
$

216,650.00
216,650.00
211,487.50
211,487.50

$
$
$
$

- 728,300.00
- 727,975.00

11/01/22
05/01/23
11/01/23
05/01/24
11/01/24
05/01/25
11/01/25
05/01/26
11/01/26
05/01/27
11/01/27
05/01/28
11/01/28
05/01/29
11/01/29
05/01/30
11/01/30
05/01/31
11/01/31
05/01/32
11/01/32
05/01/33
11/01/33
05/01/34
11/01/34
05/01/35
11/01/35
05/01/36
11/01/36
05/01/37
11/01/37
05/01/38
11/01/38
05/01/39

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

8,350,000.00
8,350,000.00
8,020,000.00
8,020,000.00
7,675,000.00
7,675,000.00
7,315,000.00
7,315,000.00
6,940,000.00
6,940,000.00
6,550,000.00
6,550,000.00
6,140,000.00
6,140,000.00
5,710,000.00
5,710,000.00
5,260,000.00
5,260,000.00
4,785,000.00
4,785,000.00
4,285,000.00
4,285,000.00
3,760,000.00
3,760,000.00
3,210,000.00
3,210,000.00
2,630,000.00
2,630,000.00
2,020,000.00
2,020,000.00
1,380,000.00
1,380,000.00
705,000.00
705,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

- 330,000.00
- 345,000.00
- 360,000.00
- 375,000.00
- 390,000.00
- 410,000.00
- 430,000.00
- 450,000.00
- 475,000.00
- 500,000.00
- 525,000.00
- 550,000.00
- 580,000.00
- 610,000.00
- 640,000.00
- 675,000.00
- 705,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

199,750.00
199,750.00
193,150.00
193,150.00
186,250.00
186,250.00
179,050.00
179,050.00
171,550.00
171,550.00
163,750.00
163,750.00
153,500.00
153,500.00
142,750.00
142,750.00
131,500.00
131,500.00
119,625.00
119,625.00
107,125.00
107,125.00
94,000.00
94,000.00
80,250.00
80,250.00
65,750.00
65,750.00
50,500.00
50,500.00
34,500.00
34,500.00
17,625.00
17,625.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

- 729,500.00
- 731,300.00
- 732,500.00
- 733,100.00
- 733,100.00
- 737,500.00
- 737,000.00
- 735,500.00
- 738,000.00
- 739,250.00
- 739,250.00
- 738,000.00
- 740,500.00
- 741,500.00
- 741,000.00
- 744,000.00
- 740,250.00

Page 12

$	9,270,000.00   $	5,449,825.00   $	14,719,825.00

11/01/21	$	8,670,000.00	$	-	$	206,150.00   $	-
05/01/22	$	8,670,000.00   $	320,000.00   $	206,150.00   $	732,300.00

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

Palm Glades
Community Development District

Debt Service

Series 2018A1/A2 Special Assessment Clubhouse Bonds

FY2021
Adopted
 	Budget	

Actual through
     6/30/2021	

Projected Next
     3 Months	

Total Projected
     9/30/2021	

FY2022
Adopted
 	Budget	

 Description	

Revenues

Special Assessments Interest Income
Carry Forward Surplus/Cap. Int. (1)

$682,112
$500
$474,761

$679,096
$55
$477,426

$3,016
$20
$0

$682,112
$75
$477,426

$682,112
$0
$488,780

Total Revenues

 	$1,157,373 

 	$1,156,577 

 	$3,036 

 	$1,159,613 

 	$1,170,892 

Expenditures

Series 2018A1
Interest Expense - 11/1 Principal Expense - 11/1 Interest Expense - 5/1

$182,720
$185,000
$179,945

$182,720
$185,000
$179,945

$0
$0
$0

$182,720
$185,000
$179,945

$179,945
$190,000
$177,095

Series 2018A2
Interest Expense - 11/1 Principal Expense - 11/1 Interest Expense - 5/1

$46,866
$30,000
$46,303

$46,866
$30,000
$46,303

$0
$0
$0

$46,866
$30,000
$46,303

$46,303
$35,000
$45,647

Total Expenditures

 	$670,834 

 	$670,834 

 	$0 

 	$670,834 

 	$673,990 

Excess   Revenues/(Expenditures)

$486,539

$485,743

$3,036

$488,780

$496,902

$372,095
$80,647

(1) Carry forward surplus is net of Reserve requirement.

Interest & Principal Payment - 11/1/2022 A1 Interest & Principal Payment - 11/1/2022 A2

Page 13

No. of Units	FY 2022

Net Assessments
Plus Collection Fees (5%) Gross Assessments
Gross Single Family Per Unit	935
Gross Multy-family Per Unit	777

$682,112
$35,901

$718,013

$419
$419

Palm Glades
Community Development District

Series 2018A1 Special Assessments Clubhouse  Bonds
Amortization Schedule

05/01/20
11/01/20
05/01/21

$
$
$

9,275,000.00
9,275,000.00
9,090,000.00

$
$
$

- 185,000.00
-

$
$
$

182,720.00
182,720.00
179,945.00

$

550,440.00

$

549,890.00

11/01/22
05/01/23
11/01/23
05/01/24
11/01/24
05/01/25
11/01/25
05/01/26
11/01/26
05/01/27
11/01/27
05/01/28
11/01/28
05/01/29
11/01/29
05/01/30
11/01/30
05/01/31
11/01/31
05/01/32
11/01/32
05/01/33
11/01/33
05/01/34
11/01/34
05/01/35
11/01/35
05/01/36
11/01/36
05/01/37
11/01/37
05/01/38
11/01/38
05/01/39
11/01/39
05/01/40
11/01/40
05/01/41
11/01/41
05/01/42
11/01/42
05/01/43
11/01/43
05/01/44
11/01/44
05/01/45
11/01/45
05/01/46
11/01/46
05/01/47
11/01/47
05/01/48

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

8,900,000.00
8,705,000.00
8,705,000.00
8,500,000.00
8,500,000.00
8,290,000.00
8,290,000.00
8,075,000.00
8,075,000.00
7,850,000.00
7,850,000.00
7,620,000.00
7,620,000.00
7,380,000.00
7,380,000.00
7,135,000.00
7,135,000.00
6,880,000.00
6,880,000.00
6,615,000.00
6,615,000.00
6,335,000.00
6,335,000.00
6,045,000.00
6,045,000.00
5,745,000.00
5,745,000.00
5,435,000.00
5,435,000.00
5,110,000.00
5,110,000.00
4,770,000.00
4,770,000.00
4,420,000.00
4,420,000.00
4,055,000.00
4,055,000.00
3,675,000.00
3,675,000.00
3,280,000.00
3,280,000.00
2,865,000.00
2,865,000.00
2,435,000.00
2,435,000.00
1,985,000.00
1,985,000.00
1,520,000.00
1,520,000.00
1,035,000.00
1,035,000.00
530,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

195,000.00
- 205,000.00
- 210,000.00
- 215,000.00
- 225,000.00
- 230,000.00
- 240,000.00
- 245,000.00
- 255,000.00
- 265,000.00
- 280,000.00
- 290,000.00
- 300,000.00
- 310,000.00
- 325,000.00
- 340,000.00
- 350,000.00
- 365,000.00
- 380,000.00
- 395,000.00
- 415,000.00
- 430,000.00
- 450,000.00
- 465,000.00
- 485,000.00
- 505,000.00
530,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

177,095.00
174,170.00
174,170.00
171,095.00
171,095.00
167,945.00
167,945.00
164,182.50
164,182.50
160,245.00
160,245.00
156,220.00
156,220.00
152,020.00
152,020.00
147,120.00
147,120.00
142,020.00
142,020.00
136,720.00
136,720.00
131,120.00
131,120.00
125,320.00
125,320.00
119,320.00
119,320.00
113,120.00
113,120.00
106,620.00
106,620.00
99,820.00
99,820.00
92,820.00
92,820.00
85,155.00
85,155.00
77,175.00
77,175.00
68,880.00
68,880.00
60,165.00
60,165.00
51,135.00
51,135.00
41,685.00
41,685.00
31,920.00
31,920.00
21,735.00
21,735.00
22,260.00

$

553,340.00

$

552,190.00

$

550,890.00

$

553,365.00

$

550,490.00

$

552,440.00

$

549,040.00

$

549,240.00

$

549,040.00

$

553,440.00

$

552,240.00

$

550,640.00

$

548,640.00

$

551,240.00

$

553,240.00

$

549,640.00

$

550,640.00

$

550,310.00

$

549,350.00

$

552,760.00

$

550,330.00

$

552,270.00

$

548,370.00

$

548,840.00

$

548,470.00

$

552,260.00

Page 14

$	9,275,000.00   $	6,697,235.00   $	15,972,235.00

11/01/21	$	9,090,000.00   $	190,000.00   $	179,945.00
05/01/22	$	8,900,000.00	$	-	$	177,095.00   $	549,190.00

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

Palm Glades
Community Development District

Series 2018A2 Special Assessments Clubhouse  Bonds
Amortization Schedule

05/01/20
11/01/20
05/01/21

$
$
$

1,905,000.00
1,905,000.00
1,875,000.00

$
$
$

- 30,000.00
-

$
$
$

46,865.63
46,865.63
46,303.13

$

123,731.26

$

127,606.26

11/01/22
05/01/23
11/01/23
05/01/24
11/01/24
05/01/25
11/01/25
05/01/26
11/01/26
05/01/27
11/01/27
05/01/28
11/01/28
05/01/29
11/01/29
05/01/30
11/01/30
05/01/31
11/01/31
05/01/32
11/01/32
05/01/33
11/01/33
05/01/34
11/01/34
05/01/35
11/01/35
05/01/36
11/01/36
05/01/37
11/01/37
05/01/38
11/01/38
05/01/39
11/01/39
05/01/40
11/01/40
05/01/41
11/01/41
05/01/42
11/01/42
05/01/43
11/01/43
05/01/44
11/01/44
05/01/45
11/01/45
05/01/46
11/01/46
05/01/47
11/01/47
05/01/48

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

1,840,000.00
1,805,000.00
1,805,000.00
1,770,000.00
1,770,000.00
1,730,000.00
1,730,000.00
1,690,000.00
1,690,000.00
1,650,000.00
1,650,000.00
1,605,000.00
1,605,000.00
1,560,000.00
1,560,000.00
1,515,000.00
1,515,000.00
1,465,000.00
1,465,000.00
1,415,000.00
1,415,000.00
1,360,000.00
1,360,000.00
1,305,000.00
1,305,000.00
1,245,000.00
1,245,000.00
1,180,000.00
1,180,000.00
1,115,000.00
1,115,000.00
1,045,000.00
1,045,000.00
975,000.00
975,000.00
900,000.00
900,000.00
820,000.00
820,000.00
735,000.00
735,000.00
645,000.00
645,000.00
550,000.00
550,000.00
450,000.00
450,000.00
345,000.00
345,000.00
235,000.00
235,000.00
120,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

35,000.00
- 35,000.00
- 40,000.00
- 40,000.00
- 40,000.00
- 45,000.00
- 45,000.00
- 45,000.00
- 50,000.00
- 50,000.00
- 55,000.00
- 55,000.00
- 60,000.00
- 65,000.00
- 65,000.00
- 70,000.00
- 70,000.00
- 75,000.00
- 80,000.00
- 85,000.00
- 90,000.00
- 95,000.00
- 100,000.00
- 105,000.00
- 110,000.00
- 115,000.00
120,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

45,646.88
44,990.63
44,990.63
44,334.38
44,334.38
43,434.38
43,434.38
42,534.38
42,534.38
41,634.38
41,634.38
40,621.88
40,621.88
39,609.38
39,609.38
38,484.38
38,484.38
37,234.38
37,234.38
35,984.38
35,984.38
34,609.38
34,609.38
33,234.38
33,234.38
31,734.38
31,734.38
30,109.38
30,109.38
28,484.38
28,484.38
26,734.38
26,734.38
24,984.38
24,984.38
23,062.50
23,062.50
21,012.50
21,012.50
18,834.38
18,834.38
16,528.13
16,528.13
14,093.75
14,093.75
11,531.25
11,531.25
8,840.63
8,840.63
6,021.88
6,021.88
6,150.00

$

124,981.26

$

128,668.76

$

126,868.76

$

125,068.76

$

128,268.76

$

126,243.76

$

124,218.76

$

126,968.76

$

124,468.76

$

126,968.76

$

124,218.76

$

126,468.76

$

128,468.76

$

125,218.76

$

126,968.76

$

123,468.76

$

124,968.76

$

126,125.00

$

127,025.00

$

127,668.76

$

128,056.26

$

128,187.50

$

128,062.50

$

127,681.26

$

127,043.76

$

126,150.00

Page 15

$	1,905,000.00   $	1,761,137.74   $	3,666,137.74

11/01/21	$	1,875,000.00   $	35,000.00   $	46,303.13
05/01/22	$	1,840,000.00	$	-	$	45,646.88   $	126,293.76

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

Palm Glades
Community Development District

Debt Service

Series 2020 Special Assessment Bonds (Expansion Area Project)

FY2021
Adopted
 	Budget	

Actual through
     6/30/2021	

Projected Next
     3 Months	

Total Projected
     9/30/2021	

FY2022
Adopted
 	Budget	

 Description	

Revenues

Special Assessments Interest Income
Carry Forward Surplus (1)

$51,000
$500
$67,960

$50,780
$4
$16,862

$220
$0
$0

$51,000
$4
$16,862

$51,000
$0
$19,331

Total Revenues

 	$119,460 

 	$67,646 

 	$220 

 	$67,866 

 	$70,331 

Expenditures

Interest 11/1 Principal - 5/1 Interest - 5/1

$16,860
$15,000
$16,675

$16,860
$15,000
$16,675

$0
$0
$0

$16,860
$15,000
$16,675

$16,431
$15,000
$16,431

Total Expenditures

 	$48,535 

 	$48,535 

 	$0 

 	$48,535 

 	$47,863 

Excess   Revenues/(Expenditures)

$70,925

$19,111

$220

$19,331

$22,468

Interest Payment - 11/1/2022

$16,188

(1) Carry forward surplus is net of Reserve requirement.

Page 16

No. of Units	FY 2022

Net Assessments
Plus Collection Fees (5%) Gross Assessments
Gross Single Family Per Unit	43

$51,000
$2,684

$53,684

$1,248

Palm Glades
Community Development District

Series 2020, Special Assessment Bonds (Expansion Area Project)
Amortization Schedule

11/01/20
05/01/21

$
$

845,000.00
845,000.00

$
$

- 15,000.00

$
$

16,860.28
16,675.00

$

48,535.28

11/01/22
05/01/23
11/01/23
05/01/24
11/01/24
05/01/25
11/01/25
05/01/26
11/01/26
05/01/27
11/01/27
05/01/28
11/01/28
05/01/29
11/01/29
05/01/30
11/01/30
05/01/31
11/01/31
05/01/32
11/01/32
05/01/33
11/01/33
05/01/34
11/01/34
05/01/35
11/01/35
05/01/36
11/01/36
05/01/37
11/01/37
05/01/38
11/01/38
05/01/39
11/01/39
05/01/40
11/01/40
05/01/41
11/01/41
05/01/42
11/01/42
05/01/43
11/01/43
05/01/44
11/01/44
05/01/45
11/01/45
05/01/46
11/01/46
05/01/47
11/01/47
05/01/48
11/01/48
05/01/49
11/01/49
05/01/50
11/01/50

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

815,000.00
815,000.00
800,000.00
800,000.00
785,000.00
785,000.00
765,000.00
765,000.00
745,000.00
745,000.00
725,000.00
725,000.00
705,000.00
705,000.00
685,000.00
685,000.00
665,000.00
665,000.00
645,000.00
645,000.00
620,000.00
620,000.00
595,000.00
595,000.00
570,000.00
570,000.00
545,000.00
545,000.00
520,000.00
520,000.00
490,000.00
490,000.00
460,000.00
460,000.00
430,000.00
430,000.00
400,000.00
400,000.00
365,000.00
365,000.00
330,000.00
330,000.00
295,000.00
295,000.00
260,000.00
260,000.00
220,000.00
220,000.00
180,000.00
180,000.00
140,000.00
140,000.00
95,000.00
95,000.00
50,000.00
50,000.00
-

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

- 15,000.00
- 15,000.00
- 20,000.00
- 20,000.00
- 20,000.00
- 20,000.00
- 20,000.00
- 20,000.00
- 20,000.00
- 25,000.00
- 25,000.00
- 25,000.00
- 25,000.00
- 25,000.00
- 30,000.00
- 30,000.00
- 30,000.00
- 30,000.00
- 35,000.00
- 35,000.00
- 35,000.00
- 35,000.00
- 40,000.00
- 40,000.00
- 40,000.00
- 45,000.00
- 45,000.00
- 50,000.00
-

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

16,187.50
16,187.50
15,943.75
15,943.75
15,700.00
15,700.00
15,300.00
15,300.00
14,900.00
14,900.00
14,500.00
14,500.00
14,100.00
14,100.00
13,700.00
13,700.00
13,300.00
13,300.00
12,900.00
12,900.00
12,400.00
12,400.00
11,900.00
11,900.00
11,400.00
11,400.00
10,900.00
10,900.00
10,400.00
10,400.00
9,800.00
9,800.00
9,200.00
9,200.00
8,600.00
8,600.00
8,000.00
8,000.00
7,300.00
7,300.00
6,600.00
6,600.00
5,900.00
5,900.00
5,200.00
5,200.00
4,400.00
4,400.00
3,600.00
3,600.00
2,800.00
2,800.00
1,900.00
1,900.00
1,000.00
1,000.00
-

$

47,375.00

$

46,887.50

$

51,400.00

$

50,600.00

$

49,800.00

$

49,000.00

$

48,200.00

$

47,400.00

$

46,600.00

$

50,800.00

$

49,800.00

$

48,800.00

$

47,800.00

$

46,800.00

$

50,800.00

$

49,600.00

$

48,400.00

$

47,200.00

$

51,000.00

$

49,600.00

$

48,200.00

$

46,800.00

$

50,400.00

$

48,800.00

$

47,200.00

$

50,600.00

$

48,800.00

$

52,000.00

Page 17

$	845,000.00   $	622,060.28   $	1,467,060.28

11/01/21	$	830,000.00	$	-	$	16,431.25
05/01/22	$	830,000.00	$	15,000.00   $	16,431.25   $	47,862.50

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL