Adopted Budget	
Fiscal Year 2020	

Verano #2	
Community Development District	

July 18, 2019

Verano #2	
Community Development District	

TABLE OF CONTENTS

General Fund	
Budget	
Budget Narrative	

Page 1-2	
Page 3	

Debt Service Fund	
Budget	
Amortization Schedule	

Page 4	
Page 5-7	

Verano #2	
Community Development District	

 Description	

General Fund

Adopted		Actual		Projected		Total		Adopted	
Budget		Thru		Next		Projected		Budget	
     FY 2019			   5/31/2019 		   4 Months 		    9/30/2019 		 	FY 2020		

Revenues

Carryforward Surplus	$140	$139	$0	$139	$0

TOTAL REVENUES	 	$140 	$139 	$0 	$139 	$0 

Expenditures

Administrative	
Annual Audit	
Arbitrage	
Trustee Fees	
Dissemination Agent	
Management Fees	
Other Current Charges	
Dues, Licenses & Subscriptions	
Website Compliance	

$3,500	
$600	
$8,450	
$2,500	
$16,000	
$425	
$175	
$500	

$3,435	
$0	
$9,105	
$1,667	
$10,667	
$284	
$175	
$333	

$0	
$600	
$0	
$833	
$5,333	
$160	
$0	
$167	

$3,435	
$600	
$9,105	
$2,500	
$16,000	
$444	
$175	
$500	

$3,575	
$600	
$9,150	
$2,500	
$16,000	
$550	
$175	
$750	

TOTAL ADMINISTRATIVE	 	$32,150 	$25,665 	$7,093 	$32,759 	$33,300 

Pod C Specific Expenses:	
Field Maintenance	
Field & Amenity Management	
Electric	
Lake Maintenance	
Midge Control	
Insurance	
Landscape Maintenance	
Entry & Walls Maintenance	
Plant Replacement	
Irrigation Maintenance	
Street Sweeping	
Contingency	

$24,000	
$24,000	
$24,000	
$8,000	
$8,885	
$132,000	
$4,000	
$12,000	
$12,000	
$2,370	
$6,857	

$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	

$24,000	
$24,000	
$24,000	
$8,000	
$8,885	
$132,000	
$4,000	
$12,000	
$12,000	
$2,370	
$6,857	

$24,000	
$24,000	
$24,000	
$8,000	
$8,885	
$132,000	
$4,000	
$12,000	
$12,000	
$2,370	
$6,857	

$24,000
$24,000
$24,000
$8,000
$8,885
$132,000
$4,000
$12,000
$12,000
$2,370
$6,857

Amenity Center Maintenance	
Clubhouse Maintenance	
Insurance	
Pool Maintenance	
Water Utility Services	
Electric Utility Services	
Janitoral Services/Supplies	
Telephone/Internet	
Trash Collection	
Contingency	

$32,000	
$24,000	
$20,000	
$6,000	
$30,000	
$24,000	
$3,600	
$5,000	
$6,857	

$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	
$0	

$32,000	
$24,000	
$20,000	
$6,000	
$30,000	
$24,000	
$3,600	
$5,000	
$6,857	

$32,000	
$24,000	
$20,000	
$6,000	
$30,000	
$24,000	
$3,600	
$5,000	
$6,857	

$32,000
$24,000
$20,000
$6,000
$30,000
$24,000
$3,600
$5,000
$6,857

TOTAL FIELD MAINTENANCE	 	$409,569 	$0 	$385,569 	$385,569 	$409,569 

Verano #2	
Community Development District	

 Description	

General Fund

Adopted		Actual		Projected		Total		Adopted	
Budget		Thru		Next		Projected		Budget	
     FY 2019			   5/31/2019 		   4 Months 		    9/30/2019 		 	FY 2020		

Other Sources and Uses	
Intergovernmental Transfer (1)	

$441,719	$21,433	$396,756	$418,189	$442,869

TOTAL OTHER FINANCING	
SOURCES AND USES	

 	$441,719 	$21,433 	$396,756 	$418,189 	$442,869 

TOTAL EXPENDITURES	 	$441,719 		$25,665 		$392,662 	$418,328 	$442,869 FUND BALANCE	 		$140	($25,527)	($392,662)		$0		$0
(1) Transfers received from Verano #5 tax receipts will be allocated to the district
Pod C specific asessments	
Net	$409,569.00	
Discount& Collections 8%	$35,614.70	
Gross Assessment	$445,183.70	
Units	427	
Per Unit(gross)	$1,042.58	

Description		All Areas		Pod C Specific		Total Pod C	
40' Single Family		$136.70		$1,086.96		$1,223.66	
50' Single Family		$157.21		$1,042.58		$1,199.79	
60' Single Family		$181.81					
Manor/Duplex		$121.66					

VERANO #2
Community Development District

REVENUES:

Developer Assessments/ Intergovernmental Transfer
The District will levy a non-ad valorem maintenance assessment on the developable property within the District to fund the operating budget. The District will receive fund transfers from Verano #5 CDD for General Operating Expenditures.

EXPENDITURES:

Administrative:

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Per Section 218.39 of the Florida Statues, each special district with total revenues or expenditures in excess of
$100,000 OR any special district with revenue or expenses between $50,000 and $100,000 that has not been subject to a financial audit in the 2 preceding fiscal years must perform an independent annual audit.

Arbitrage Rebate Calculation
The District is required to annually have an arbitrage rebate calculation on the Verano #2 District's Series 2017A Special Assessment Bonds. The Verano #2 has contracted with an independent certified public accounting firm to calculate the rebate liability and submit a report to the District.

Trustee Fees
The District issued Series 2017A Community Infrastructure Special Assessment Revenue Bonds which are held with a Trustee at US Bank. The amount of the trustee fees budgeted is based on the agreement between US Bank and the Verano
#2 District.

Dissemination Agent
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.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC.

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

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.

Website Compliance
Per Section 189.069 F.S, all Districts must have a website by October 1, 2015 to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and  updated as required by the Statute.

Verano #2	
Community Development District	

	
Debt Service Fund	
Series 2017 Special Assessment Bonds	

Proposed		Actual		Projected		Total		Adopted	
Budget		Thru		Next		Projected		Budget	
 	FY 2019			    5/31/2019 		    4 Months			    9/30/2019 		 	FY 2020		

 Description	

Revenues	
Special Assessments - On Tax Roll	
Special Assessments - Direct	
Interest Income	
Carry Forward Surplus (1)	

$0	$0	$0	$0	$98,913
$1,016,622	$385,090	$651,903	$1,036,993	$1,076,876
$0	$28,432	$14,216	$42,647	$0
$396,658	$474,992	$0	$474,992	$727,301

 	 

 	$666,119 	    $1,554,632 	    $1,903,091 	

TOTAL REVENUES	$1,413,280 	$888,514 

Series 2017 - Pod A	
Interest - 11/01	
Principal - 11/01	
Interest - 05/01	
Series 2017 - Pod B	
Interest - 11/01	
Principal - 11/01	
Interest - 05/01	
Series 2017 - Pod C	
Interest - 11/01	
Principal - 11/01	
Interest - 05/01	
Special Call - 05/01	

$126,172	
$0	
$126,172	

$126,172	
$0	
$126,172	

Expenditures

$0	
$0	
$0	

$126,172	
$90,000	
$124,541	

$126,172
$0

$156,800	
$0	
$156,800	
$0	

$156,800	
$0	
$156,800	
$62,312	

$126,172

 	$827,331 	    $1,022,175 	

Total	168	$98,913.36

2017 Bonds Pod A - Direct Assessment	
	Units (Debt	Gross Debt	Total Debt	
SF 40's	112	$1,176.09	$131,722.08	
SF 50's	92	$1,353.26	$124,499.92	
SF 60's	76	$1,564.13	$118,873.88	
Total	168		$375,095.88	

$99,538	
$0	
$99,538	

	
$99,538	
$0	
$99,538	

	
$0	$99,538	
$0	$0	
$0	$99,538	

	
$99,538	
$70,000	
$98,269	

$0	$156,800	$155,313	
$0	$0	$105,000	
$0	$156,800	$153,344	
$0	$62,312	$0	

TOTAL EXPENDITURES	 	$765,019 		 	$827,331 		 	$0 					
EXCESS REVENUES	 	$648,261 		 	$61,183 		 	$666,119 		 	$727,301 		 	$880,916 	
(1) Carry forward surplus is net of the reserve requirement				Pod A Principal - 11/20		$	95,000.00	
						Interest - 11/20		$	124,540.63	
2017 Bonds Pod C - On Tax Roll				Pod B Principal - 11/20		$	75,000.00	
 	Units (Debt   Gross Debt	Total Debt 						Interest - 11/20		$	98,268.75	
SF 40's	46	$1,086.96	$50,000.16				Pod C Principal - 11/20		$	105,000.00	
SF 50's	45	$1,086.96	$48,913.20						Interest - 11/20		  $	153,343.75 	
SF 60's	0	$0.00	$0.00								$	651,153.13	

2017 Bonds Pod B - Direct Assessment	
	Units (Debt	Gross Debt	Total Debt	
SF 40's	0	$0.00	$0.00	
SF 50's	282	$1,193.48	$336,561.36	
SF 60's	0	$0.00	$0.00	
Total	282		$336,561.36	

2017 Bonds Pod C - Direct Assessment	
	Units (Debt	Gross Debt	Total Debt	
SF 40's	187	$1,086.96	$203,261.52	
SF 50's	149	$1,086.96	$161,957.04	
SF 60's	0	$0.00	$0.00	
Total	149		$365,218.56	

Verano #2	
Community Development District	

	
Series 2017 Pod A Special Assessment Bonds	
Amortization Schedule	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	

11/01/18	$	5,350,000.00	$	-	$	126,171.88	$	126,171.88	
05/01/19	$	5,350,000.00	$	-	$	126,171.88	$	126,171.88	
11/01/19	$	5,350,000.00	$	90,000.00	$	126,171.88	$	216,171.88	
05/01/20	$	5,260,000.00	$	-	$	124,540.63	$	124,540.63	
11/01/20	$	5,260,000.00	$	95,000.00	$	124,540.63	$	219,540.63	
05/01/21	$	5,165,000.00	$	-	$	122,818.75	$	122,818.75	
11/01/21	$	5,165,000.00	$	95,000.00	$	122,818.75	$	217,818.75	
05/01/22	$	5,070,000.00	$	-	$	121,096.88	$	121,096.88	
11/01/22	$	5,070,000.00	$	100,000.00	$	121,096.88	$	221,096.88	
05/01/23	$	4,970,000.00	$	-	$	119,284.38	$	119,284.38	
11/01/23	$	4,970,000.00	$	105,000.00	$	119,284.38	$	224,284.38	
05/01/24	$	4,865,000.00	$	-	$	117,381.25	$	117,381.25	
11/01/24	$	4,865,000.00	$	110,000.00	$	117,381.25	$	227,381.25	
05/01/25	$	4,755,000.00	$	-	$	115,043.75	$	115,043.75	
11/01/25	$	4,755,000.00	$	115,000.00	$	115,043.75	$	230,043.75	
05/01/26	$	4,640,000.00	$	-	$	112,600.00	$	112,600.00	
11/01/26	$	4,640,000.00	$	115,000.00	$	112,600.00	$	227,600.00	
05/01/27	$	4,525,000.00	$	-	$	110,156.25	$	110,156.25	
11/01/27	$	4,525,000.00	$	120,000.00	$	110,156.25	$	230,156.25	
05/01/28	$	4,405,000.00	$	-	$	107,606.25	$	107,606.25	
11/01/28	$	4,405,000.00	$	125,000.00	$	107,606.25	$	232,606.25	
05/01/29	$	4,280,000.00	$	-	$	104,950.00	$	104,950.00	
11/01/29	$	4,280,000.00	$	130,000.00	$	104,950.00	$	234,950.00	
05/01/30	$	4,150,000.00	$	-	$	101,862.50	$	101,862.50	
11/01/30	$	4,150,000.00	$	140,000.00	$	101,862.50	$	241,862.50	
05/01/31	$	4,010,000.00	$	-	$	98,537.50	$	98,537.50	
11/01/31	$	4,010,000.00	$	145,000.00	$	98,537.50	$	243,537.50	
05/01/32	$	3,865,000.00	$	-	$	95,093.75	$	95,093.75	
11/01/32	$	3,865,000.00	$	150,000.00	$	95,093.75	$	245,093.75	
05/01/33	$	3,715,000.00	$	-	$	91,531.25	$	91,531.25	
11/01/33	$	3,715,000.00	$	160,000.00	$	91,531.25	$	251,531.25	
05/01/34	$	3,555,000.00	$	-	$	87,731.25	$	87,731.25	
11/01/34	$	3,555,000.00	$	165,000.00	$	87,731.25	$	252,731.25	
05/01/35	$	3,390,000.00	$	-	$	83,812.50	$	83,812.50	
11/01/35	$	3,390,000.00	$	175,000.00	$	83,812.50	$	258,812.50	
05/01/36	$	3,215,000.00	$	-	$	79,656.25	$	79,656.25	
11/01/36	$	3,215,000.00	$	185,000.00	$	79,656.25	$	264,656.25	
05/01/37	$	3,030,000.00	$	-	$	75,262.50	$	75,262.50	
11/01/37	$	3,030,000.00	$	190,000.00	$	75,262.50	$	265,262.50	
05/01/38	$	2,840,000.00	$	-	$	70,750.00	$	70,750.00	
11/01/38	$	2,840,000.00	$	200,000.00	$	70,750.00	$	270,750.00	
05/01/39	$	2,640,000.00	$	-	$	66,000.00	$	66,000.00	
11/01/39	$	2,640,000.00	$	210,000.00	$	66,000.00	$	276,000.00	
05/01/40	$	2,430,000.00	$	-	$	60,750.00	$	60,750.00	
11/01/40	$	2,430,000.00	$	220,000.00	$	60,750.00	$	280,750.00	
05/01/41	$	2,210,000.00	$	-	$	55,250.00	$	55,250.00	
11/01/41	$	2,210,000.00	$	230,000.00	$	55,250.00	$	285,250.00	
05/01/42	$	1,980,000.00	$	-	$	49,500.00	$	49,500.00	
11/01/42	$	1,980,000.00	$	245,000.00	$	49,500.00	$	294,500.00	
05/01/43	$	1,735,000.00	$	-	$	43,375.00	$	43,375.00	
11/01/43	$	1,735,000.00	$	255,000.00	$	43,375.00	$	298,375.00	
05/01/44	$	1,480,000.00	$	-	$	37,000.00	$	37,000.00	
11/01/44	$	1,480,000.00	$	270,000.00	$	37,000.00	$	307,000.00	
05/01/45	$	1,210,000.00	$	-	$	30,250.00	$	30,250.00	
11/01/45	$	1,210,000.00	$	280,000.00	$	30,250.00	$	310,250.00	
05/01/46	$	930,000.00	$	-	$	23,250.00	$	23,250.00	
11/01/46	$	930,000.00	$	295,000.00	$	23,250.00	$	318,250.00	
05/01/47	$	635,000.00	$	-	$	15,875.00	$	15,875.00	
11/01/47	$	635,000.00	$	310,000.00	$	15,875.00	$	325,875.00	
05/01/48	$	325,000.00	$	-	$	8,125.00	$	8,125.00	
11/01/48	$	325,000.00	$	325,000.00	$	8,125.00	$	333,125.00	

$	5,350,000.00	$	4,784,353.13	$	10,134,353.13	

Verano #2	
Community Development District	

	
Series 2017 Pod B Special Assessment Bonds	
Amortization Schedule	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	

11/01/18	$	4,220,000.00	$	-	$	99,537.50	$	99,537.50	
05/01/19	$	4,220,000.00	$	-	$	99,537.50	$	99,537.50	
11/01/19	$	4,220,000.00	$	70,000.00	$	99,537.50	$	169,537.50	
05/01/20	$	4,150,000.00	$	-	$	98,268.75	$	98,268.75	
11/01/20	$	4,150,000.00	$	75,000.00	$	98,268.75	$	173,268.75	
05/01/21	$	4,075,000.00	$	-	$	96,909.38	$	96,909.38	
11/01/21	$	4,075,000.00	$	75,000.00	$	96,909.38	$	171,909.38	
05/01/22	$	4,000,000.00	$	-	$	95,550.00	$	95,550.00	
11/01/22	$	4,000,000.00	$	80,000.00	$	95,550.00	$	175,550.00	
05/01/23	$	3,920,000.00	$	-	$	94,100.00	$	94,100.00	
11/01/23	$	3,920,000.00	$	80,000.00	$	94,100.00	$	174,100.00	
05/01/24	$	3,840,000.00	$	-	$	92,650.00	$	92,650.00	
11/01/24	$	3,840,000.00	$	85,000.00	$	92,650.00	$	177,650.00	
05/01/25	$	3,755,000.00	$	-	$	90,843.75	$	90,843.75	
11/01/25	$	3,755,000.00	$	90,000.00	$	90,843.75	$	180,843.75	
05/01/26	$	3,665,000.00	$	-	$	88,931.25	$	88,931.25	
11/01/26	$	3,665,000.00	$	90,000.00	$	88,931.25	$	178,931.25	
05/01/27	$	3,575,000.00	$	-	$	87,018.75	$	87,018.75	
11/01/27	$	3,575,000.00	$	95,000.00	$	87,018.75	$	182,018.75	
05/01/28	$	3,480,000.00	$	-	$	85,000.00	$	85,000.00	
11/01/28	$	3,480,000.00	$	100,000.00	$	85,000.00	$	185,000.00	
05/01/29	$	3,380,000.00	$	-	$	82,875.00	$	82,875.00	
11/01/29	$	3,380,000.00	$	105,000.00	$	82,875.00	$	187,875.00	
05/01/30	$	3,275,000.00	$	-	$	80,381.25	$	80,381.25	
11/01/30	$	3,275,000.00	$	110,000.00	$	80,381.25	$	190,381.25	
05/01/31	$	3,165,000.00	$	-	$	77,768.75	$	77,768.75	
11/01/31	$	3,165,000.00	$	115,000.00	$	77,768.75	$	192,768.75	
05/01/32	$	3,050,000.00	$	-	$	75,037.50	$	75,037.50	
11/01/32	$	3,050,000.00	$	120,000.00	$	75,037.50	$	195,037.50	
05/01/33	$	2,930,000.00	$	-	$	72,187.50	$	72,187.50	
11/01/33	$	2,930,000.00	$	125,000.00	$	72,187.50	$	197,187.50	
05/01/34	$	2,805,000.00	$	-	$	69,218.75	$	69,218.75	
11/01/34	$	2,805,000.00	$	130,000.00	$	69,218.75	$	199,218.75	
05/01/35	$	2,675,000.00	$	-	$	66,131.25	$	66,131.25	
11/01/35	$	2,675,000.00	$	140,000.00	$	66,131.25	$	206,131.25	
05/01/36	$	2,535,000.00	$	-	$	62,806.25	$	62,806.25	
11/01/36	$	2,535,000.00	$	145,000.00	$	62,806.25	$	207,806.25	
05/01/37	$	2,390,000.00	$	-	$	59,362.50	$	59,362.50	
11/01/37	$	2,390,000.00	$	150,000.00	$	59,362.50	$	209,362.50	
05/01/38	$	2,240,000.00	$	-	$	55,800.00	$	55,800.00	
11/01/38	$	2,240,000.00	$	160,000.00	$	55,800.00	$	215,800.00	
05/01/39	$	2,080,000.00	$	-	$	52,000.00	$	52,000.00	
11/01/39	$	2,080,000.00	$	165,000.00	$	52,000.00	$	217,000.00	
05/01/40	$	1,915,000.00	$	-	$	47,875.00	$	47,875.00	
11/01/40	$	1,915,000.00	$	175,000.00	$	47,875.00	$	222,875.00	
05/01/41	$	1,740,000.00	$	-	$	43,500.00	$	43,500.00	
11/01/41	$	1,740,000.00	$	185,000.00	$	43,500.00	$	228,500.00	
05/01/42	$	1,555,000.00	$	-	$	38,875.00	$	38,875.00	
11/01/42	$	1,555,000.00	$	190,000.00	$	38,875.00	$	228,875.00	
05/01/43	$	1,365,000.00	$	-	$	34,125.00	$	34,125.00	
11/01/43	$	1,365,000.00	$	200,000.00	$	34,125.00	$	234,125.00	
05/01/44	$	1,165,000.00	$	-	$	29,125.00	$	29,125.00	
11/01/44	$	1,165,000.00	$	210,000.00	$	29,125.00	$	239,125.00	
05/01/45	$	955,000.00	$	-	$	23,875.00	$	23,875.00	
11/01/45	$	955,000.00	$	220,000.00	$	23,875.00	$	243,875.00	
05/01/46	$	735,000.00	$	-	$	18,375.00	$	18,375.00	
11/01/46	$	735,000.00	$	235,000.00	$	18,375.00	$	253,375.00	
05/01/47	$	500,000.00	$	-	$	12,500.00	$	12,500.00	
11/01/47	$	500,000.00	$	245,000.00	$	12,500.00	$	257,500.00	
05/01/48	$	255,000.00	$	-	$	6,375.00	$	6,375.00	
11/01/48	$	255,000.00	$	255,000.00	$	6,375.00	$	261,375.00	
	$	-	$	-	$	-	$	-	
		$	4,220,000.00	$	3,774,468.75	$	7,994,468.75	

Verano #2	
Community Development District	

	
Series 2017 Pod C Special Assessment Bonds	
Amortization Schedule	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	

11/01/18	$	6,400,000.00	$	-	$	156,800.00	$	156,800.00	
05/01/19	$	6,400,000.00	$	60,000.00	$	156,800.00	$	216,800.00	
11/01/19	$	6,340,000.00	$	105,000.00	$	155,312.50	$	260,312.50	
05/01/20	$	6,235,000.00	$	-	$	153,343.75	$	153,343.75	
11/01/20	$	6,235,000.00	$	105,000.00	$	153,343.75	$	258,343.75	
05/01/21	$	6,130,000.00	$	-	$	151,375.00	$	151,375.00	
11/01/21	$	6,130,000.00	$	110,000.00	$	151,375.00	$	261,375.00	
05/01/22	$	6,020,000.00	$	-	$	149,312.50	$	149,312.50	
11/01/22	$	6,020,000.00	$	115,000.00	$	149,312.50	$	264,312.50	
05/01/23	$	5,905,000.00	$	-	$	147,156.25	$	147,156.25	
11/01/23	$	5,905,000.00	$	120,000.00	$	147,156.25	$	267,156.25	
05/01/24	$	5,785,000.00	$	-	$	144,906.25	$	144,906.25	
11/01/24	$	5,785,000.00	$	125,000.00	$	144,906.25	$	269,906.25	
05/01/25	$	5,660,000.00	$	-	$	142,093.75	$	142,093.75	
11/01/25	$	5,660,000.00	$	130,000.00	$	142,093.75	$	272,093.75	
05/01/26	$	5,530,000.00	$	-	$	139,168.75	$	139,168.75	
11/01/26	$	5,530,000.00	$	135,000.00	$	139,168.75	$	274,168.75	
05/01/27	$	5,395,000.00	$	-	$	136,131.25	$	136,131.25	
11/01/27	$	5,395,000.00	$	140,000.00	$	136,131.25	$	276,131.25	
05/01/28	$	5,255,000.00	$	-	$	132,981.25	$	132,981.25	
11/01/28	$	5,255,000.00	$	150,000.00	$	132,981.25	$	282,981.25	
05/01/29	$	5,105,000.00	$	-	$	129,606.25	$	129,606.25	
11/01/29	$	5,105,000.00	$	155,000.00	$	129,606.25	$	284,606.25	
05/01/30	$	4,950,000.00	$	-	$	125,731.25	$	125,731.25	
11/01/30	$	4,950,000.00	$	160,000.00	$	125,731.25	$	285,731.25	
05/01/31	$	4,790,000.00	$	-	$	121,731.25	$	121,731.25	
11/01/31	$	4,790,000.00	$	170,000.00	$	121,731.25	$	291,731.25	
05/01/32	$	4,620,000.00	$	-	$	117,481.25	$	117,481.25	
11/01/32	$	4,620,000.00	$	180,000.00	$	117,481.25	$	297,481.25	
05/01/33	$	4,440,000.00	$	-	$	112,981.25	$	112,981.25	
11/01/33	$	4,440,000.00	$	190,000.00	$	112,981.25	$	302,981.25	
05/01/34	$	4,250,000.00	$	-	$	108,231.25	$	108,231.25	
11/01/34	$	4,250,000.00	$	195,000.00	$	108,231.25	$	303,231.25	
05/01/35	$	4,055,000.00	$	-	$	103,356.25	$	103,356.25	
11/01/35	$	4,055,000.00	$	205,000.00	$	103,356.25	$	308,356.25	
05/01/36	$	3,850,000.00	$	-	$	98,231.25	$	98,231.25	
11/01/36	$	3,850,000.00	$	215,000.00	$	98,231.25	$	313,231.25	
05/01/37	$	3,635,000.00	$	-	$	92,856.25	$	92,856.25	
11/01/37	$	3,635,000.00	$	225,000.00	$	92,856.25	$	317,856.25	
05/01/38	$	3,410,000.00	$	-	$	87,231.25	$	87,231.25	
11/01/38	$	3,410,000.00	$	240,000.00	$	87,231.25	$	327,231.25	
05/01/39	$	3,170,000.00	$	-	$	81,231.25	$	81,231.25	
11/01/39	$	3,170,000.00	$	250,000.00	$	81,231.25	$	331,231.25	
05/01/40	$	2,920,000.00	$	-	$	74,825.00	$	74,825.00	
11/01/40	$	2,920,000.00	$	265,000.00	$	74,825.00	$	339,825.00	
05/01/41	$	2,655,000.00	$	-	$	68,034.38	$	68,034.38	
11/01/41	$	2,655,000.00	$	275,000.00	$	68,034.38	$	343,034.38	
05/01/42	$	2,380,000.00	$	-	$	60,987.50	$	60,987.50	
11/01/42	$	2,380,000.00	$	290,000.00	$	60,987.50	$	350,987.50	
05/01/43	$	2,090,000.00	$	-	$	53,556.25	$	53,556.25	
11/01/43	$	2,090,000.00	$	305,000.00	$	53,556.25	$	358,556.25	
05/01/44	$	1,785,000.00	$	-	$	45,740.63	$	45,740.63	
11/01/44	$	1,785,000.00	$	320,000.00	$	45,740.63	$	365,740.63	
05/01/45	$	1,465,000.00	$	-	$	37,540.63	$	37,540.63	
11/01/45	$	1,465,000.00	$	340,000.00	$	37,540.63	$	377,540.63	
05/01/46	$	1,125,000.00	$	-	$	28,828.13	$	28,828.13	
11/01/46	$	1,125,000.00	$	355,000.00	$	28,828.13	$	383,828.13	
05/01/47	$	770,000.00	$	-	$	19,731.25	$	19,731.25	
11/01/47	$	770,000.00	$	375,000.00	$	19,731.25	$	394,731.25	
05/01/48	$	395,000.00	$	-	$	10,121.88	$	10,121.88	
11/01/48	$	395,000.00	$	395,000.00	$	10,121.88	$	405,121.88	

$	6,340,000.00	$	5,904,318.75	$	12,244,318.75