Adopted Budget	
Fiscal Year 2021	

Bellagio	
Community Development District	

August 3, 2020

Bellagio	
Community Development District	

TABLE OF CONTENTS

General Fund	
Budget	
Budget Narrative	

Page 1-2	
Page 3-5	

Debt Service Fund Series 2013

Budget	
Amortization Schedule	

Page 6	
Page 7	

Debt Service Fund Series 2016

Budget	
Amortization Schedule	

Page 8	
Page 9	

Bellagio	
Community Development District	

General Fund

Adopted	
Budget	
FY 2020	

Actual	
thru	
6/30/2020	

Projected	
Next	
3 Months	

Total	
Projected at	
9/30/2020	

Adopted	
Budget	
FY 2021	

Description

Revenues	
Maintenance Assessments - On Roll	
Miscellaneous Income	

	
$452,464	
$0	

	
$444,255	
$4,382	

	
$11,800	
$1,010	

	
$456,055	
$5,392	

	
$452,464	
$0	

Total Revenues	 	$452,464	 	$448,637	 	$12,810	 	$461,447	 	$452,464 

Expenditures

Administrative	
Supervisor Fees	
FICA Taxes	
Engineering Fees	
Arbitrage	
Dissemination Agent	
Attorney Fees	
Assessment Roll	
Annual Audit	
Trustee Fees	
Management Fees	
Computer Time	
Telephone	
Postage	
Printing & Binding	
Insurance	
Legal Advertising	
Other Current Charges	
Website Compliance	
Office Supplies	
Dues, Licenses & Subscriptions	
Total Administrative	

$5,000	$600	
$383	$46	
$5,000	$1,285	
$650	$650	
$2,000	$1,600	
$15,000	$5,235	
$2,000	$2,000	
$4,200	$4,200	
$7,000	$7,000	
$30,900	$23,175	
$500	$375	
$105	$0	
$750	$199	
$1,500	$235	
$6,067	$5,923	
$2,000	$188	
$500	$572	
$1,000	$750	
$150	$18	
 	$175 	 	$175 	
 	$84,880 	 	$54,226 	

$400	
$31	
$3,715	
$0	
$400	
$9,765	
$0	
$0	
$0	
$7,725	
$125	
$105	
$551	
$78	
$0	
$100	
$200	
$250	
$132	
 	$0 	
 	$23,577 	

$1,000	
$77	
$5,000	
$650	
$2,000	
$15,000	
$2,000	
$4,200	
$7,000	
$30,900	
$500	
$105	
$750	
$313	
$5,923	
$288	
$772	
$1,000	
$150	
 	$175 	
 	$77,803 	

$5,000	
$383	
$5,000	
$650	
$2,000	
$15,000	
$2,000	
$4,300	
$7,000	
$30,900	
$500	
$105	
$750	
$1,500	
$6,515	
$2,000	
$650	
$1,000	
$150	
 	$175 	
 	$85,578 	

Clubhouse	
Management Fees - Front Desk & Director	
Pool Attendants	
Access Control	
Cable/Internet Services	
Utilities - Electric	
Utilities - Water	
Copier Lease	
Insurance	
Repairs & Maintenance	
Pool & Spa Maintenance	
Pool & Spa Repairs	
Pool & Spa Permit	
Landscape Maintenance	

$142,284	
$42,000	
$2,000	
$7,100	
$21,600	
$7,200	
$1,200	
$22,313	
$2,400	
$21,600	
$2,400	
$600	
$14,400	

$85,764	
$31,565	
$0	
$5,127	
$14,364	
$1,894	
$770	
$21,888	
$2,950	
$16,200	
$5,015	
$675	
$7,425	

$42,676	$128,440	
$10,305	$41,870	
$2,000	$2,000	
$1,716	$6,843	
$5,400	$19,764	
$1,710	$3,604	
$246	$1,016	
$0	$21,888	
$5,000	$7,950	
$5,400	$21,600	
$1,000	$6,015	
$0	$675	
$2,475	$9,900	

$142,284	
$42,000	
$2,000	
$7,460	
$21,600	
$7,200	
$1,200	
$24,077	
$2,400	
$21,600	
$2,400	
$600	
$9,900	

Bellagio	
Community Development District	

General Fund

Adopted	
Budget	
FY 2020	

Actual	
thru	
6/30/2020	

Projected	
Next	
3 Months	

Total	
Projected at	
9/30/2020	

Adopted	
Budget	
FY 2021	

Description

$6,000	
$28,756	
$3,600	
$1,500	
$5,000	
$10,000	
$1,200	
$10,000	
$3,000	
$3,000	
$2,400	
$1,500	
$3,500	
 	$1,031 	
 	$367,584 	

$0	
$19,908	
$0	
$460	
$1,665	
$90	
$0	
$1,356	
$2,397	
$1,250	
$6,606	
$0	
$771	
 	$0 	
 	$228,140 	

$6,000	
$8,848	
$3,600	
$230	
$3,335	
$9,910	
$1,200	
$15,000	
$799	
$1,750	
$2,202	
$1,500	
$2,729	
 	$1,031 	
 	$136,062 	

$6,000	
$28,756	
$3,600	
$690	
$5,000	
$10,000	
$1,200	
$16,356	
$3,196	
$3,000	
$8,808	
$1,500	
$3,500	
 	$1,031 	
 	$364,202 	

$6,000	
$28,756	
$3,600	
$1,380	
$5,000	
$10,000	
$1,200	
$6,810	
$3,419	
$3,000	
$8,000	
$1,500	
$3,500	
 	$0 	
 	$366,886 	

Clubhouse (continued) Landscape Replacement Janitorial Services Janitorial Supplies
Fitness Equipment Maintenance
Fitness Equipment Repair/Replacements Replacements annuals
Pest Control Contingencies Refuse Service Special Events
Office/Clubhouse Supplies Alarm Monitoring
Air Conditioning Maintenance Operating Reserve
Total Clubhouse

Total Expenditures	 	$452,464	 	$282,366	 		$159,639	 	$442,005	 	$452,464 Assigned Fund Balance	 		$0		$166,271		($146,829)			$19,442			$0
		Total			Total		
FY 2020 Assessment		FY 2021 Assessment		
Units	Per Unit Assess.			Units	Per Unit Assess.			
585	$814.15	Gross Assessm	$476,277.75	585	$814.15	Gross Assessm	$476,277.75	
		Discounts	 	($19,051.11)			Discounts	($19,051.11)	
		Net of Discounts	$457,226.64			Net of Discounts	$457,226.64	
		Collections	 	($4,762.78)			Collections	($4,762.78)	
		Net Assessments	 	$452,463.86 			Net Assessments	$452,463.86	

Administrative Assessment		Administrative Assessment		
Units	Per Unit Assess.				Units	Per Unit Assess.			
585	$158.36	Gross Assessm	$92,640.60		585	$158.36	Gross Assessm	$92,640.60	
		Discounts	 	($3,705.62)				Discounts	($3,705.62)	
		Net of Discounts	$88,934.98				Net of Discounts	$88,934.98	
		Collections	 	($926.41)				Collections	($926.41)	
		Net Assessments	 	$88,008.57 				Net Assessments	$88,008.57	
									
	Clubhouse O&M assessment	s			Clubhouse O&M assessments		
Units	Per Unit Assess.				Units	Per Unit Assess.			
585	$655.79	Gross Assessm	$383,637.15		585	$655.79	Gross Assessm	$383,637.15	
		Discounts	 	($15,345.49)				Discounts	($15,345.49)	
		Net of Discounts	$368,291.66				Net of Discounts	$368,291.66	
		Collections	 	($3,836.37)				Collections	($3,836.37)	
		Net Assessments	 	$364,455.29 				Net Assessments	$364,455.29	

Bellagio
Community Development District
General Fund

REVENUES:

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

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 meetings.

FICA Taxes
Represents the employer's share of Social Security.

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 firm to perform the calculations.

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.

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.

Assessment Roll
Represents an annual charge for preparing and administrating the District’s assessments on the landowner’s tax bills

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 bonds will be held and administered by a Trustee. This represents the bank’s annual fee.

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

Computer Time
The District processes all its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.

Telephone
This category includes all charges relating to telephone calls, conference calls, and faxes made to and on behalf of the District

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

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

Bellagio
Community Development District
General Fund

Administrative: (continued)

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Egis Insurance & Risk Advisors.

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.

Website Compliance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website 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 monthly.

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.

Clubhouse:

Management Fees – Clubhouse
The District is currently contracted with Miami Management, Inc. for the onsite management of the Clubhouse. The current contract is being revised by the board and includes the following responsibilities:

•	Administrative Management Front Desk & Director
•Clubhouse Attendant
•	On Site Manager
•	Pool Attendants
•	Janitorial Services

Pool Attendants
Pool attendants in summer season contracted by Miami Management, Inc. as mentioned above.

Access Control
This represents the cost of Key Fobs for the residents to gain access to the clubhouse.

Internet/Cable Services/(Telephone)
The District is contracted with Comcast to provide service to the Clubhouse.

Utilities - Electric
The District currently has an account with Florida Powers & Light for electric service at 8700 W 35 Court.

Utilities -Water
The District currently has an account with The City of Hialeah for water service at 8700 W 35 Court.

Copier Lease
This represents costs for a copier lease.

Insurance
The District has a Property Insurance policy with Egis Insurance & Risk Advisors.

Repairs & Maintenance
Represents routine repairs to the Clubhouse.

Bellagio
Community Development District
General Fund

Clubhouse: (continued)

Pool & Spa Maintenance
The District is contracted with Worldwide Pools of Florida for the maintenance of the clubhouse pool. The monthly contract is
$1,800 or $21,600 annually.

Pool & Spa Repairs
This represents costs for repairs of the pool and the spa.

Pool & Spa Permits
Permits for pool and spa.

Landscape Maintenance
The District has a contract with Rivero Garden Maintenance Inc. form monthly services.

Landscape Replacement
This represents costs for any mulch and sod replacements.

Janitorial Services
Janitorial services are contracted by Miami Management, Inc. as mentioned in Management Fees above.

Janitorial Supplies
This represents any cleaning supplies.

Fitness Equipment Maintenance
The District is contracted with The Fitness Solution for the regular maintenance of the fitness equipment, and repairs as needed.

Fitness Equipment Repair/Replacement
The District is contracted with The Fitness Solution for repairs as needed.

Replacements Annuals
This represents replacements of annuals throughout the district.

Pest Control
The district will contract a company for pest control services.

Contingencies
Represents any expenditures not mentioned above during the Fiscal Year.

Refuse Service
The District is contracted with Great Waste & Recycling for refuse removal.

Special Events
Represents the cost of any social events at the clubhouse.

Office/Clubhouse Supplies
Miscellaneous supplies as needed

Alarm Monitoring
The District has a contract for fire alarm monitoring.

Air Conditioning Maintenance
The district will contract a company to repair and maintain the A/C of the clubhouse

Bellagio	
Community Development District	

	
Debt Service Fund	
Series 2013, Special Assessment Revenue Bonds	

Adopted	
Budget	
 	FY 2020		

Actual	
thru	
    6/30/2020 	

Projected	
Next	
    3 Months		

Total	
Projected at	
    9/30/2020 	

Adopted	
Budget	
 	FY 2021		

 	Description	

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

$665,823	
$0	
$478,574	

$648,892	
$7,210	
$464,426	

$17,270	
$210	
$0	

$666,162	
$7,420	
$464,426	

$662,207	
$0	
$480,058	

Total Revenues	 $1,144,397	 $1,120,528	 	$17,480	 $1,138,008	 $1,142,265 

Expenditures

Series 2013	
Interest 11/1	
Principal - 11/1	
Special Call - 11/1	
Interest - 5/1	

$259,138	
$145,000	
$15,000	
$254,788	

$258,650	
$145,000	
$0	
$254,300	

$0	
$0	
$0	
$0	

$258,650	
$145,000	
$0	
$254,300	

$254,300	
$150,000	
$0	
$249,800	

Total Expenditures	 	$673,925	 	$657,950	 	$0	 	$657,950	 	$654,100 

2013 Interest - 11/1/21	
2013 Principal - 11/1/21	

$249,800	
 	$160,000 	
$409,800	

		

$17,480		$480,058	

EXCESS REVENUES	 	$470,472	$462,578

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

$488,165

Description	# Units	Gross Per Unit	Total	
Single Family	206	$1,269	$261,420	
Townhomes	206	$1,182	$243,461	
Villas	 	170	$1,130	 	$192,178 	
582	Total Gross	$697,059	
Less: Disc & Comm (5%)	 	($34,853)	
Total Net	 	$662,207 	

Bellagio	
Community Development District	

Series 2013, Special Assessment Revenue Bonds	
Amortization Schedule	

 	DATE		PRINCIPAL
 	BALANCE		

    RATE 	

 	INTEREST		

 	PRINCIPAL		
 	TOTAL		
1-Nov-20	$7,940,000.00	6.000%	$254,300.00	$150,000.00	$658,600.00	
1-May-21	$7,790,000.00	6.000%	$249,800.00	$0.00	$0.00	
1-Nov-21	$7,790,000.00	6.000%	$249,800.00	$160,000.00	$659,600.00	
1-May-22	$7,630,000.00	6.000%	$245,000.00	$0.00	$0.00	
1-Nov-22	$7,630,000.00	6.000%	$245,000.00	$170,000.00	$660,000.00	
1-May-23	$7,460,000.00	6.000%	$239,900.00	$0.00	$0.00	
1-Nov-23	$7,460,000.00	6.000%	$239,900.00	$180,000.00	$659,800.00	
1-May-24	$7,280,000.00	6.000%	$234,500.00	$0.00	$0.00	
1-Nov-24	$7,280,000.00	6.000%	$234,500.00	$190,000.00	$659,000.00	
1-May-25	$7,090,000.00	6.000%	$228,800.00	$0.00	$0.00	
1-Nov-25	$7,090,000.00	6.000%	$228,800.00	$205,000.00	$662,600.00	
1-May-26	$6,885,000.00	6.000%	$222,650.00	$0.00	$0.00	
1-Nov-26	$6,885,000.00	6.000%	$222,650.00	$215,000.00	$660,300.00	
1-May-27	$6,670,000.00	6.000%	$216,200.00	$0.00	$0.00	
1-Nov-27	$6,670,000.00	6.000%	$216,200.00	$230,000.00	$662,400.00	
1-May-28	$6,440,000.00	6.500%	$209,300.00	$0.00	$0.00	
1-Nov-28	$6,440,000.00	6.500%	$209,300.00	$240,000.00	$658,600.00	
1-May-29	$6,200,000.00	6.500%	$201,500.00	$0.00	$0.00	
1-Nov-29	$6,200,000.00	6.500%	$201,500.00	$255,000.00	$658,000.00	
1-May-30	$5,945,000.00	6.500%	$193,212.50	$0.00	$0.00	
1-Nov-30	$5,945,000.00	6.500%	$193,212.50	$275,000.00	$661,425.00	
1-May-31	$5,670,000.00	6.500%	$184,275.00	$0.00	$0.00	
1-Nov-31	$5,670,000.00	6.500%	$184,275.00	$290,000.00	$658,550.00	
1-May-32	$5,380,000.00	6.500%	$174,850.00	$0.00	$0.00	
1-Nov-32	$5,380,000.00	6.500%	$174,850.00	$310,000.00	$659,700.00	
1-May-33	$5,070,000.00	6.500%	$164,775.00	$0.00	$0.00	
1-Nov-33	$5,070,000.00	6.500%	$164,775.00	$330,000.00	$659,550.00	
1-May-34	$4,740,000.00	6.500%	$154,050.00	$0.00	$0.00	
1-Nov-34	$4,740,000.00	6.500%	$154,050.00	$350,000.00	$658,100.00	
1-May-35	$4,390,000.00	6.500%	$142,675.00	$0.00	$0.00	
1-Nov-35	$4,390,000.00	6.500%	$142,675.00	$375,000.00	$660,350.00	
1-May-36	$4,015,000.00	6.500%	$130,487.50	$0.00	$0.00	
1-Nov-36	$4,015,000.00	6.500%	$130,487.50	$400,000.00	$660,975.00	
1-May-37	$3,615,000.00	6.500%	$117,487.50	$0.00	$0.00	
1-Nov-37	$3,615,000.00	6.500%	$117,487.50	$425,000.00	$659,975.00	
1-May-38	$3,190,000.00	6.500%	$103,675.00	$0.00	$0.00	
1-Nov-38	$3,190,000.00	6.500%	$103,675.00	$450,000.00	$657,350.00	
1-May-39	$2,740,000.00	6.500%	$89,050.00	$0.00	$0.00	
1-Nov-39	$2,740,000.00	6.500%	$89,050.00	$480,000.00	$658,100.00	
1-May-40	$2,260,000.00	6.500%	$73,450.00	$0.00	$0.00	
1-Nov-40	$2,260,000.00	6.500%	$73,450.00	$515,000.00	$661,900.00	
1-May-41	$1,745,000.00	6.500%	$56,712.50	$0.00	$0.00	
1-Nov-41	$1,745,000.00	6.500%	$56,712.50	$545,000.00	$658,425.00	
1-May-42	$1,200,000.00	6.500%	$39,000.00	$0.00	$0.00	
1-Nov-42	$1,200,000.00	6.500%	$39,000.00	$580,000.00	$658,000.00	
1-May-43	$620,000.00	6.500%	$20,150.00	$0.00	$0.00	
1-Nov-43	$620,000.00	6.500%	$20,150.00	$620,000.00	$660,300.00	
Total			$7,891,600.00	$7,940,000.00	$15,831,600.00	

Bellagio	
Community Development District	

	
Debt Service Fund	
Series 2016, Special Assessment Revenue Bonds	

Adopted	
Budget	
 	FY 2020		

Actual	
thru	
    6/30/2020 	

Projected	
Next	
    3 Months		

Total	
Projected at	
    9/30/2020 	

Adopted	
Budget	
 	FY 2021		

 	Description	

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

$401,151	
$0	
$304,132	

$391,742	
$4,410	
$307,040	

$10,426	
$150	
$0	

$402,168	
$4,560	
$307,040	

$399,780	
$0	
$315,662	

Total Revenues	 	$705,283	 	$703,192	 	$10,576	 	$713,768	 	$715,442 

Expenditures

Series 2016	
Interest 11/1	
Principal - 11/1	
Interest - 5/1	

$124,803	
$150,000	
$123,303	

$124,803	
$150,000	
$123,303	

$0	
$0	
$0	

$124,803	
$150,000	
$123,303	

$123,303	
$150,000	
$121,616	

Total Expenditures	 	$398,106	 	$398,106	 	$0	 	$398,106	 	$394,919 

2016 Interest - 11/1/21	
2016 Principal - 11/1/21	

$121,616	
 	$155,000 	
$276,616	

		

$10,576		$315,662	

EXCESS REVENUES	 	$307,177	$305,086

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

$320,523

Description	# Units	Gross Per Unit	Total	
Single Family	207	$722	$149,417	
Townhomes	206	$722	$148,695	
Villas	 	170	$722	 	$122,709 	
583	Total Gross	$420,821	
Less: Disc & Comm (5%)	 	($21,041)	
Total Net	 	$399,780 	

Bellagio	
Community Development District	

Series 2016, Special Assessment Revenue Bonds	
Amortization Schedule	

 	DATE		PRINCIPAL
 	BALANCE		

    RATE 	

 	INTEREST		

 	PRINCIPAL		
 	TOTAL		
1-Nov-20	$6,490,000.00	2.250%	$123,303.13	$150,000.00	$396,606.25	
1-May-21	$6,340,000.00	2.250%	$121,615.63	$0.00	$0.00	
1-Nov-21	$6,340,000.00	2.250%	$121,615.63	$155,000.00	$398,231.25	
1-May-22	$6,185,000.00	2.250%	$119,871.88	$0.00	$0.00	
1-Nov-22	$6,185,000.00	2.500%	$119,871.88	$155,000.00	$394,743.75	
1-May-23	$6,030,000.00	2.500%	$117,934.38	$0.00	$0.00	
1-Nov-23	$6,030,000.00	2.750%	$117,934.38	$160,000.00	$395,868.75	
1-May-24	$5,870,000.00	2.750%	$115,734.38	$0.00	$0.00	
1-Nov-24	$5,870,000.00	3.000%	$115,734.38	$165,000.00	$396,468.75	
1-May-25	$5,705,000.00	3.000%	$113,259.38	$0.00	$0.00	
1-Nov-25	$5,705,000.00	3.000%	$113,259.38	$170,000.00	$396,518.75	
1-May-26	$5,535,000.00	3.000%	$110,709.38	$0.00	$0.00	
1-Nov-26	$5,535,000.00	3.125%	$110,709.38	$175,000.00	$396,418.75	
1-May-27	$5,360,000.00	3.125%	$107,975.00	$0.00	$0.00	
1-Nov-27	$5,360,000.00	3.750%	$107,975.00	$180,000.00	$395,950.00	
1-May-28	$5,180,000.00	3.750%	$104,600.00	$0.00	$0.00	
1-Nov-28	$5,180,000.00	3.750%	$104,600.00	$190,000.00	$399,200.00	
1-May-29	$4,990,000.00	3.750%	$101,037.50	$0.00	$0.00	
1-Nov-29	$4,990,000.00	3.750%	$101,037.50	$195,000.00	$397,075.00	
1-May-30	$4,795,000.00	3.750%	$97,381.25	$0.00	$0.00	
1-Nov-30	$4,795,000.00	3.750%	$97,381.25	$205,000.00	$399,762.50	
1-May-31	$4,590,000.00	3.750%	$93,537.50	$0.00	$0.00	
1-Nov-31	$4,590,000.00	3.750%	$93,537.50	$210,000.00	$397,075.00	
1-May-32	$4,380,000.00	3.750%	$89,600.00	$0.00	$0.00	
1-Nov-32	$4,380,000.00	4.000%	$89,600.00	$220,000.00	$399,200.00	
1-May-33	$4,160,000.00	4.000%	$85,200.00	$0.00	$0.00	
1-Nov-33	$4,160,000.00	4.000%	$85,200.00	$225,000.00	$395,400.00	
1-May-34	$3,935,000.00	4.000%	$80,700.00	$0.00	$0.00	
1-Nov-34	$3,935,000.00	4.000%	$80,700.00	$235,000.00	$396,400.00	
1-May-35	$3,700,000.00	4.000%	$76,000.00	$0.00	$0.00	
1-Nov-35	$3,700,000.00	4.000%	$76,000.00	$245,000.00	$397,000.00	
1-May-36	$3,455,000.00	4.000%	$71,100.00	$0.00	$0.00	
1-Nov-36	$3,455,000.00	4.000%	$71,100.00	$255,000.00	$397,200.00	
1-May-37	$3,200,000.00	4.000%	$66,000.00	$0.00	$0.00	
1-Nov-37	$3,200,000.00	4.125%	$66,000.00	$265,000.00	$397,000.00	
1-May-38	$2,935,000.00	4.125%	$60,534.38	$0.00	$0.00	
1-Nov-38	$2,935,000.00	4.125%	$60,534.38	$275,000.00	$396,068.75	
1-May-39	$2,660,000.00	4.125%	$54,862.50	$0.00	$0.00	
1-Nov-39	$2,660,000.00	4.125%	$54,862.50	$290,000.00	$399,725.00	
1-May-40	$2,370,000.00	4.125%	$48,881.25	$0.00	$0.00	
1-Nov-40	$2,370,000.00	4.125%	$48,881.25	$300,000.00	$397,762.50	
1-May-41	$2,070,000.00	4.125%	$42,693.75	$0.00	$0.00	
1-Nov-41	$2,070,000.00	4.125%	$42,693.75	$310,000.00	$395,387.50	
1-May-42	$1,760,000.00	4.125%	$36,300.00	$0.00	$0.00	
1-Nov-42	$1,760,000.00	4.125%	$36,300.00	$325,000.00	$397,600.00	
1-May-43	$1,435,000.00	4.125%	$29,596.88	$0.00	$0.00	
1-Nov-43	$1,435,000.00	4.125%	$29,596.88	$340,000.00	$399,193.75	
1-May-44	$1,095,000.00	4.125%	$22,584.38	$0.00	$0.00	
1-Nov-44	$1,095,000.00	4.125%	$22,584.38	$350,000.00	$395,168.75	
1-May-45	$745,000.00	4.125%	$15,365.63	$0.00	$0.00	
1-Nov-45	$745,000.00	4.125%	$15,365.63	$365,000.00	$395,731.25	
1-May-46	$380,000.00	4.125%	$7,837.50	$0.00	$0.00	
1-Nov-46	$380,000.00	4.125%	$7,837.50	$380,000.00	$395,675.00	
Total			$4,105,128.13	$6,490,000.00	$10,718,431.25