Bannon Lakes 
Community Development District 


Adopted Budget 

FY 2024 

August 2, 2023 



GENERAL FUND BUDGET 
Summary Revenues and Expenditures Page 1-2 
Narrative – Administrative and Maintenance Page 3-9 
2016 Debt Service Fund Page 10-12 
2021 Debt Service Fund Page 13-15 
2022 Debt Service Fund Page 16-18 
Capital Reserve Fund Page 19 
TABLE OF CONTENTS 
Bannon Lakes 
Community Development District

Bannon Lakes 
Community Development District General Fund 
Adopted Acutal Projected Total Adopted 
Budget Thru Next Projected Budget 
Description FY 2023 6/30/23 3 Months 9/30/23 FY 2024 
Revenues 
Developer Contributions $42,164 $0 $45,291 $45,291 $0 
Assessments - Tax Roll $553,610 $555,980 $0 $555,980 $775,170 
Assessments - Direct $79,793 $79,793 $0 $79,793 $20,398 
Interest $150 $1,417 $24 $1,441 $800 
Facility Revenue $300 $325 $50 $375 $300 
Miscellaneous $0 $343 $0 $343 $0 
Total Revenues $676,017 $637,858 $45,365 $683,223 $796,668 
Expenditures 
Administrative 
Supervisors Fees $1,200 $1,000 $400 $1,400 $1,200 
FICA $0 $77 $31 $107 $0 
Engineering $4,000 $2,208 $1,793 $4,000 $4,000 
Attorney $12,000 $9,057 $2,943 $12,000 $12,000 
Dissemination $8,500 $6,375 $2,125 $8,500 $9,010 
Annual Audit $7,500 $0 $3,725 $3,725 $3,725 
Arbitrage $1,800 $1,200 $600 $1,800 $1,800 
Assessment Roll $7,500 $7,500 $0 $7,500 $7,950 
Trustee fees $12,000 $13,541 $0 $13,541 $13,545 
Management Fees $49,140 $36,855 $12,285 $49,140 $52,088 
Information Technology $1,800 $1,350 $450 $1,800 $1,908 
Telephone $500 $779 $55 $834 $500 
Postage $500 $304 $377 $681 $500 
Insurance $7,497 $6,717 $0 $6,717 $7,388 
Meeting Room Rental $2,200 $1,625 $438 $2,063 $2,200 
Printing & Binding $1,600 $730 $905 $1,634 $1,600 
Legal Advertising $2,000 $1,083 $298 $1,380 $2,000 
Other Current Charges $600 $244 $150 $394 $600 
Office Supplies $800 $18 $50 $68 $400 
Website Maitenance $1,200 $900 $300 $1,200 $1,272 
Dues, Licenses & Subscriptions $175 $175 $0 $175 $175 
Administrative Expenditures $122,512 $91,735 $26,923 $118,658 $123,861 
Amenty Center 
Insurance $19,202 $17,670 $0 $17,670 $26,505 
Utilities 
Phone/Internet/Cable $7,300 $6,337 $2,061 $8,398 $8,735 
Electric $25,000 $11,940 $5,040 $16,980 $25,000 
Water/Irrigation $15,000 $9,421 $3,300 $12,721 $15,000 
Gas $200 $0 $0 $0 $200 
Refuse $7,440 $6,568 $3,274 $9,842 $6,000 
Security 
Security Monitoring $600 $509 $0 $509 $600 
Access Cards $2,500 $741 $0 $741 $2,500 
Management Contracts 
1

Bannon Lakes 
Community Development District General Fund 
Adopted Acutal Projected Total Adopted 
Budget Thru Next Projected Budget 
Description FY 2023 6/30/23 3 Months 9/30/23 FY 2024 
Facility Management $64,890 $48,668 $16,223 $64,890 $74,617 
Facility Attendant $0 $3,404 $2,436 $5,840 $6,400 
Field Mgmt / Admin $21,122 $15,842 $5,281 $21,122 $24,289 
Pool Maintenance $12,600 $9,450 $3,150 $12,600 $13,356 
Pool Chemicals $10,500 $7,524 $3,883 $11,407 $12,075 
Janitorial $14,039 $7,982 $3,355 $11,337 $14,039 
Janitorial Supplies $3,623 $744 $2,456 $3,200 $3,840 
Facility Maintenance $20,000 $10,821 $8,000 $18,821 $33,604 
Repairs & Maintenance $27,500 $35,233 $8,556 $43,789 $45,000 
Special Events $10,000 $8,618 $1,382 $10,000 $10,000 
Holiday Decorations $1,500 $1,500 $0 $1,500 $5,000 
Fitness Center Repairs/Supplies $7,000 $4,598 $2,402 $7,000 $7,000 
Office Supplies $1,500 $1,160 $340 $1,500 $1,500 
ASCAP/BMI Licenses $500 $0 $0 $0 $500 
Pest Control $3,120 $2,600 $2,110 $4,710 $4,950 
Amenity Center Expenditures $275,135 $211,328 $73,247 $284,575 $340,710 
Grounds Maintenance Expenditures 
Hydrology Quality/Mitigation $3,000 $0 $0 $0 $3,000 
Landscape Maintenance $151,706 $124,824 $34,805 $159,628 $182,320 
Landscape Contingency $26,000 $21,363 $13,935 $35,298 $26,000 
Lake Maintenance $8,580 $5,850 $1,950 $7,800 $8,580 
Grounds Maintenance $9,000 $4,855 $4,145 $9,000 $19,600 
Pump Repairs $2,000 $0 $500 $500 $2,000 
Streetlights $9,700 $7,758 $2,745 $10,503 $12,012 
Streetlight Repairs $5,000 $0 $500 $500 $5,000 
Irrigation Repairs $8,800 $7,337 $6,000 $13,337 $15,000 
Miscellaneous $5,000 $0 $0 $0 $5,000 
Reclaim Water $46,500 $25,843 $10,125 $35,968 $46,500 
Storm Cleanup $0 $4,371 $0 $4,371 $4,000 
Capital Reserve $3,084 $3,084 $0 $3,084 $3,084 
Gounds Maintenance Expenditures $278,370 $205,286 $74,704 $279,990 $332,096 
Total Expenses $676,017 $508,349 $174,874 $683,223 $796,668 
Excess Revenues/(Expenditures) $0 $129,509 ($129,509) $0 $0 
Net Assessments $775,170 
Add: Discounts and Collections (6%) $49,456 
Gross Assessments $824,626 
Assessable Units 823 
Net Per Unit Assessment $941.88 
Gross Per Unit Assessment $1,001.98 
2

Bannon Lakes 
Community Development District 
GENERAL FUND BUDGET 
FISCAL YEAR 2024 
REVENUES: 
Assessments 
The District will Levy a non ad-valorem special assessment on all taxable property within the District 
and direct bill developers to fund all of the General Operating Expenditures for the fiscal year. 
Interest 
The District will have all excess funds invested with State Board of Administration. The amount is 
based upon the estimated average balance of funds available during the fiscal year. 
Facility Revenue 
Income received from residents for rental of clubroom, patio, access cards or special events deposits. 
Miscellaneous 
Miscellaneous income received on behalf of the District. 
EXPENDITURES: 
Administrative: 
Supervisors Fees 
The Florida Statutes allows each Board member to receive $200 per meeting not to exceed $4,000 in 
one year. The amount for the fiscal year is based upon four supervisors paid for the estimated eight 
annual meetings with the other supervisors waiving pay. 
FICA Expense 
Represents the Employer’s share of Social Security and Medicare taxes withheld from the Board of 
Supervisors checks. 
Engineering 
The District will contract with an engineering firm to provide general engineering services to the 
District, e.g. attendance and preparation for monthly board meetings, review invoices, etc. 
Attorney 
The District will contract with Kutak Rock LLP for legal counsel to provide general legal services to the 
District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements, 
resolutions, etc. 
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. 
3

Bannon Lakes 
Community Development District 
GENERAL FUND BUDGET 
FISCAL YEAR 2024 
Annual Audit 
The District is required annually to conduct an audit of its financial records by an Independent Certified 
Public Accounting Firm. The District is contracted with Berger, Toombs, Elam, Gaines & Frank, a 
licensed CPA firm to prepare the annual audit. 
Arbitrage 
The District is required to annually have an arbitrage rebate calculation on the District's Series 2016, 
Debt Series 2021 and Debt Series 2022 Special Assessment Revenue Bonds. 
Assessment Roll The District’s assessment roll administration, GMS, LLC, will provide services to prepare assessment 
rolls to district property owners. 
Trustee Fees 
The District issued Series 2016, Series 2021, and Series 2022 Special Assessment Revenue Bonds 
which are held with a Trustee at BNY Mellon. The amount of the trustee fees is based on the 
agreement between BNY Mellon and the District. 
Management Fees 
The District will contract with Governmental Management Services, LLC for Management, Accounting 
and Administrative services as part of a Management Agreement with management company. 
Information Technology 
Represents costs related to the District’s information systems, which include but are not limited to 
video conferencing services, cloud storage services and servers, positive pay implementation and 
programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, 
etc. 
Telephone 
The cost of telephone and fax machine service. 
Vendor Monthly Annual 
Governmental Management Services $ 751 $ 9,010 
Vendor Monthly Annual 
Governmental Management Services $ 4,341 $ 52,088 
Vendor Monthly Annual 
Governmental Management Services $ 159 $ 1,908 
4

Bannon Lakes 
Community Development District 
GENERAL FUND BUDGET 
FISCAL YEAR 2024 
Postage 
The cost of overnight deliveries, correspondence, and payments for the District. 
Insurance 
Represents the estimated cost for public officials and general liability insurance for the District provided 
by FIA. 
Meeting Room Rental 
The District will seek out venue to hold board meeting. 
Printing & Binding 
Printing of documents for board meetings, printing of computerized checks, stationary, envelopes etc. 
Legal Advertising 
The District is required to advertise various notices for Board meetings, public hearings, and etc. in a 
newspaper of general circulation. 
Other Current Charges 
Bank charges, amortization schedule fees, and any other miscellaneous expenses incurred during the 
year. 
Office Supplies 
Miscellaneous office supplies. 
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. 
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. 
Vendor Monthly Annual 
Governmental Management Services $ 106 $ 1,272 
5

Bannon Lakes 
Community Development District 
GENERAL FUND BUDGET 
FISCAL YEAR 2024 
Amenity Center: 
Insurance 
The District's Property insurance policy is with Florida Insurance Alliance. FIA specializes in providing 
insurance coverage to governmental agencies. The amount budgeted represents the estimated 
premium for property insurance related to the Amenity Center. 
Phone/Internet/Cable 
The District will provide internet & cable television services for the Amenity Center through AT&T. 
Electric 
The cost of electric associated with the Recreation Facility. 
Water/Irrigation 
Water, sewer and irrigation systems cost for the district. 
Gas 
The District will contract with vendor to provide propane delivery for amenity center use. 
Refuse Service 
Cost of garbage disposal service will be provided by Republic Services #687 for the District. 
Security Monitoring 
The District will contract with vendor to provide security monitoring for the Amenity Center. 
Access Cards 
Represents the estimated cost for access cards purchased by the District’s Amenity Center. 
Vendor Address Monthly Annual 
AT&T 435 Bannon Lakes Blvd Amenity $ 214 $ 3,419 
AT&T 435 Bannon Lakes Blvd Fintness Ctr $ 218 $ 2,398 
AT&T Amenity Business Office $ 166 $ 2,407 
Contingency $ 43 $ 511 
$ 641 $ 8,735 
Vendor Address Monthly Annual 
FPL 435 Bannon Lakes Blvd - Clubhouse $ 1,295 $ 15,538 
FPL 35 Bannon Lakes Blvd #Ent $ 47 $ 568 
FPL 435 Bannon Lakes Blvd # Fitness $ 174 $ 2,088 
Contingency $ 567 $ 6,806 
$ 2,083 $ 25,000 
Vendor Address Monthly Annual 
SJCUD 435 Bannon Lakes Blvd $ 929 $ 11,144 
Contingency $ 321 $ 3,856 
$ 1,250 $ 15,000 
6

Bannon Lakes 
Community Development District 
GENERAL FUND BUDGET 
FISCAL YEAR 2024 
Facility Management 
Cost to provide management services for the Amenity Center. 
Facility Assistance 
Cost to provide help for Facility Manager during summer weekend hours contracted with Riverside 
Management Services. 
Field Management and Admin 
The District will contract Riverside Management Services, Inc. for onsite field management of contracts 
for District Services such as landscaping, amenity & pool facilities, lake maintenance, etc. 
Pool Maintenance 
The estimated amount based on proposed contract with Riverside Management Services, Inc. to 
provide maintenance of the Amenity Center swimming pool. 
Pool Chemicals 
The estimated amount based on proposed contract with Riverside Management Services and Poolsure 
to provide chemicals to maintain the Amenity Center swimming pool. 
Janitorial 
The estimated amount based on proposed contract with Riverside Management Services, Inc.to provide 
janitorial services for the Amenity Center. 
Janitorial Supplies 
All supplies needed for janitorial services of the Amenity Center. 
Facility Maintenance 
The estimated amount based on proposed contract with vendor to provide routine repairs and 
maintenance for the Amenity Center. 
Vendor Monthly Annual 
Riverside Management Services $ 6,218 $ 74,617 
Vendor Monthly Annual 
Riverside Management Services $ 2,024 $ 24,289 
Vendor Monthly Annual 
Riverside Management Services $ 1,113 $ 13,356 
Vendor Monthly Annual 
Jani-King of Jacksonville $ 1,118 $ 13,419 
Contingency $ 52 $ 620 
$ 1,170 $ 14,039 
7

Bannon Lakes 
Community Development District 
GENERAL FUND BUDGET 
FISCAL YEAR 2024 
Repair & Maintenance 
Regular maintenance and replacement cost incurred by the Amenity Center of the District. 
Special Events 
Represents estimated costs for the District to host special events for the community throughout the 
Fiscal Year. 
Holiday Decorations 
Represents estimated costs for the District to decorate the amenity center throughout the Fiscal Year. 
Fitness Center Repairs/Supplies 
Represents estimated costs for the Fitness Center repairs of equipment, purchase of supplies, and 
preventative maintenance contract. 
Office Supplies and Equipment 
Represents estimated cost for office supplies for the Amenity Center. 
ASCAP/BMI Licenses 
License fee required to broadcast music to the amenity center. 
Pest Control 
The District is contracted with Freedom Pest Control for pest control services 
Grounds Maintenance: 
Hydrology Quality/Mitigation 
Cost to preserve beneficial aquatic plants in the wetland mitigation area and control nuisance and 
exotic pest plant populations. 
Landscape Maintenance 
Cost to maintain the common areas of the District based on a proposed contract with Landcare Group, 
Inc. 
Landscape Contingency 
Other landscape costs that is not under contract which includes landscape light repairs and 
replacements. 
Vendor Monthly Annual 
Landcare Group $ 13,110 $ 157,320 
Mulch $ 25,000 
$ 13,110 $ 182,320 
8

Bannon Lakes 
Community Development District 
GENERAL FUND BUDGET 
FISCAL YEAR 2024 
Lake Maintenance 
Cost for the maintenance of District lakes based on a contract. 
Grounds Maintenance 
Contracted staff for repairs and trash pick-up on District owned property. 
Pump Repairs 
Provision for pool pump repair or replacements as needed. 
Streetlights 
FPL provides the District street lighting cost for the community. The amount is based upon the 
agreement plus estimated cost for fuel charges. 
Streetlight Repairs 
Estimated costs for street lighting and parking lot repairs and replacements. 
Irrigation Repairs 
Miscellaneous irrigation repairs and maintenance cost for the District. 
Miscellaneous 
Any unanticipated and unscheduled maintenance cost to the District. 
Reclaimed Water 
Reclaimed water Services for the District provided by St. Johns County Utility Department. 
Capital Reserve 
The District will establish a reserve to fund the renewal and replacement of District’s capital 
related facilities. 
Vendor Monthly Annual 
The Lake Doctors, Inc. $ 650 $ 8,580 
Vendor Address Monthly Annual 
FPL 100 International Golf Parkway $ 875 $ 10,500 
Contingency $ 126 $ 1,512 
$ 1,001 $ 12,012 
Vendor Address Monthly Annual 
SJCUD 35 Bannon Lakes Blvd $ 2,093 $ 25,116 
435 Bannon Lakes Blvd $ 830 $ 9,960 
Contingency for new accounts $ 952 $ 11,424 
$ 3,875 $ 46,500 
9

Bannon Lakes Debt Service Fund 
Community Development District Series 2016 
Adopted Actual Projected Total Adopted 
Budget Thru Next Projected Budget 
Description FY 2023 6/30/23 3 Months 9/30/23 FY 2024 
Revenues 
Interest Income $500 $20,942 $10,644 $31,586 $7,000 
Special Assessments $741,250 $743,369 $0 $743,369 $741,000 
Carry Forward Surplus* $507,616 $511,804 $0 $511,804 $549,310 
TOTAL REVENUES $1,249,366 $1,276,116 $10,644 $1,286,760 $1,297,310 
Expenditures 
Series 2016 
Interest - 11/01 $268,475 $268,475 $0 $268,475 $263,850 
Principal - 11/01 $200,000 $200,000 $0 $200,000 $210,000 
Interest - 05/01 $263,975 $263,975 $0 $263,975 $259,125 
Special Call - 05/01 $0 $5,000 $0 $5,000 $0 
TOTAL EXPENDITURES $732,450 $737,450 $0 $737,450 $732,975 
EXCESS REVENUES $516,916 $538,666 $10,644 $549,310 $564,335 
*Reflects excess revenue at fiscal year end less reserve fund balance. 11/1/24 Interest $ 259,125 
11/1/24 Principal $220,000 
$ 479,125 
Net Assessments $741,000 
Add: Discounts and Collections (6%) $47,276 
Gross Assessments $788,276 
Assessable Units 455 
Net Per Unit Assessment $1,628.57 
Gross Per Unit Assessment $1,732.47 
10

Bannon Lakes Amortization Schedule 
Community Development District Series 2016, Special Assessment Revenue Bonds 
(Term Bonds Due Combined) 
Date Balance Principal Interest Annual 
11/1/23 $ 10,620,000 $ 210,000 $ 263,850.00 $ 473,850.00 
5/1/24 $ 10,410,000 $ - $ 259,125.00 $ - 
11/1/24 $ 10,410,000 $ 220,000 $ 259,125.00 $ 738,250.00 
5/1/25 $ 10,190,000 $ - $ 254,175.00 $ - 
11/1/25 $ 10,190,000 $ 230,000 $ 254,175.00 $ 738,350.00 
5/1/26 $ 9,960,000 $ - $ 249,000.00 $ - 
11/1/26 $ 9,960,000 $ 240,000 $ 249,000.00 $ 738,000.00 
5/1/27 $ 9,720,000 $ - $ 243,000.00 $ - 
11/1/27 $ 9,720,000 $ 255,000 $ 243,000.00 $ 741,000.00 
5/1/28 $ 9,465,000 $ - $ 236,625.00 $ - 
11/1/28 $ 9,465,000 $ 265,000 $ 236,625.00 $ 738,250.00 
5/1/29 $ 9,200,000 $ - $ 230,000.00 $ - 
11/1/29 $ 9,200,000 $ 280,000 $ 230,000.00 $ 740,000.00 
5/1/30 $ 8,920,000 $ - $ 223,000.00 $ - 
11/1/30 $ 8,920,000 $ 290,000 $ 223,000.00 $ 736,000.00 
5/1/31 $ 8,630,000 $ - $ 215,750.00 $ - 
11/1/31 $ 8,630,000 $ 305,000 $ 215,750.00 $ 736,500.00 
5/1/32 $ 8,325,000 $ - $ 208,125.00 $ - 
11/1/32 $ 8,325,000 $ 320,000 $ 208,125.00 $ 736,250.00 
5/1/33 $ 8,005,000 $ - $ 200,125.00 $ - 
11/1/33 $ 8,005,000 $ 340,000 $ 200,125.00 $ 740,250.00 
5/1/34 $ 7,665,000 $ - $ 191,625.00 $ - 
11/1/34 $ 7,665,000 $ 355,000 $ 191,625.00 $ 738,250.00 
5/1/35 $ 7,310,000 $ - $ 182,750.00 $ - 
11/1/35 $ 7,310,000 $ 375,000 $ 182,750.00 $ 740,500.00 
5/1/36 $ 6,935,000 $ - $ 173,375.00 $ - 
11/1/36 $ 6,935,000 $ 390,000 $ 173,375.00 $ 736,750.00 
5/1/37 $ 6,545,000 $ - $ 163,625.00 $ - 
11/1/37 $ 6,545,000 $ 410,000 $ 163,625.00 $ 737,250.00 
5/1/38 $ 6,135,000 $ - $ 153,375.00 $ - 
11/1/38 $ 6,135,000 $ 430,000 $ 153,375.00 $ 736,750.00 
11

Bannon Lakes Amortization Schedule 
Community Development District Series 2016, Special Assessment Revenue Bonds 
(Term Bonds Due Combined) 
Date Balance Principal Interest Annual 
5/1/39 $ 5,705,000 $ - $ 142,625.00 $ - 
11/1/39 $ 5,705,000 $ 455,000 $ 142,625.00 $ 740,250.00 
5/1/40 $ 5,250,000 $ - $ 131,250.00 $ - 
11/1/40 $ 5,250,000 $ 475,000 $ 131,250.00 $ 737,500.00 
5/1/41 $ 4,775,000 $ - $ 119,375.00 $ - 
11/1/41 $ 4,775,000 $ 500,000 $ 119,375.00 $ 738,750.00 
5/1/42 $ 4,275,000 $ - $ 106,875.00 $ - 
11/1/42 $ 4,275,000 $ 525,000 $ 106,875.00 $ 738,750.00 
5/1/43 $ 3,750,000 $ - $ 93,750.00 $ - 
11/1/43 $ 3,750,000 $ 550,000 $ 93,750.00 $ 737,500.00 
5/1/44 $ 3,200,000 $ - $ 80,000.00 $ - 
11/1/44 $ 3,200,000 $ 580,000 $ 80,000.00 $ 740,000.00 
5/1/45 $ 2,620,000 $ - $ 65,500.00 $ - 
11/1/45 $ 2,620,000 $ 605,000 $ 65,500.00 $ 736,000.00 
5/1/46 $ 2,015,000 $ - $ 50,375.00 $ - 
11/1/46 $ 2,015,000 $ 640,000 $ 50,375.00 $ 740,750.00 
5/1/47 $ 1,375,000 $ - $ 34,375.00 $ - 
11/1/47 $ 1,375,000 $ 670,000 $ 34,375.00 $ 738,750.00 
5/1/48 $ 705,000 $ - $ 17,625.00 $ - 
11/1/48 $ 705,000 $ 705,000 $ 17,625.00 $ 740,250.00 
Totals $ 10,620,000 $ 8,314,700 $ 18,934,700 
12

Bannon Lakes Debt Service Fund 
Community Development District Series 2021 
Adopted Actual Projected Total Adopted 
Budget Thru Next Projected Budget 
Description FY 2023 6/30/23 3 Months 9/30/23 FY 2024 
Revenues 
Interest Income $100 $10,104 $3,500 $13,604 $4,000 
Special Assessments $413,100 $417,666 $0 $417,666 $413,100 
Carry Forward Surplus* $132,180 $134,989 $0 $134,989 $132,180 
TOTAL REVENUES $545,380 $562,759 $3,500 $566,259 $549,280 
Expenditures 
Series 2021 
Interest - 11/01 $130,213 $130,213 $0 $130,213 $128,275 
Interest - 05/01 $130,213 $130,213 $0 $130,213 $128,275 
Principal - 5/01 $155,000 $155,000 $0 $155,000 $155,000 
TOTAL EXPENDITURES $415,425 $415,425 $0 $415,425 $411,550 
EXCESS REVENUES $129,955 $147,334 $3,500 $150,834 $137,730 
*Reflects excess revenue at fiscal year end less reserve fund balance. 11/1/24 Interest $126,338 
Net Assessments $413,100 
Add: Discounts and Collections (6%) $26,356 
Gross Assessments $439,456 
Assessable Units 236 
Net Per Unit Assessment $1,750.42 
Gross Per Unit Assessment $1,862.10 
13

Bannon Lakes Amortization Schedule 
Community Development District Series 2021, Special Assessment Revenue Bonds 
(Term Bonds Due Combined) 
Date Balance Principal Interest Annual 
11/1/23 $ 7,110,000 $ - $ 128,275 $ 128,275 
5/1/24 $ 7,110,000 $ 155,000 $ 128,275 $ 283,275 
11/1/24 $ 6,955,000 $ - $ 126,338 $ 126,338 
5/1/25 $ 6,955,000 $ 160,000 $ 126,338 $ 286,338 
11/1/25 $ 6,795,000 $ - $ 124,338 $ 124,338 
5/1/26 $ 6,795,000 $ 165,000 $ 124,338 $ 289,338 
11/1/26 $ 6,630,000 $ - $ 122,275 $ 122,275 
5/1/27 $ 6,630,000 $ 170,000 $ 122,275 $ 292,275 
11/1/27 $ 6,460,000 $ - $ 119,725 $ 119,725 
5/1/28 $ 6,460,000 $ 175,000 $ 119,725 $ 294,725 
11/1/28 $ 6,285,000 $ - $ 117,100 $ 117,100 
5/1/29 $ 6,285,000 $ 180,000 $ 117,100 $ 297,100 
11/1/29 $ 6,105,000 $ - $ 114,400 $ 114,400 
5/1/30 $ 6,105,000 $ 185,000 $ 114,400 $ 299,400 
11/1/30 $ 5,920,000 $ - $ 111,625 $ 111,625 
5/1/31 $ 5,920,000 $ 190,000 $ 111,625 $ 301,625 
11/1/31 $ 5,730,000 $ - $ 108,775 $ 108,775 
5/1/32 $ 5,730,000 $ 200,000 $ 108,775 $ 308,775 
11/1/32 $ 5,530,000 $ - $ 105,275 $ 105,275 
5/1/33 $ 5,530,000 $ 205,000 $ 105,275 $ 310,275 
11/1/33 $ 5,325,000 $ - $ 101,688 $ 101,688 
5/1/34 $ 5,325,000 $ 210,000 $ 101,688 $ 311,688 
11/1/34 $ 5,115,000 $ - $ 98,013 $ 98,013 
5/1/35 $ 5,115,000 $ 220,000 $ 98,013 $ 318,013 
11/1/35 $ 4,895,000 $ - $ 94,163 $ 94,163 
5/1/36 $ 4,895,000 $ 230,000 $ 94,163 $ 324,163 
11/1/36 $ 4,665,000 $ - $ 90,138 $ 90,138 
5/1/37 $ 4,665,000 $ 235,000 $ 90,138 $ 325,138 
11/1/37 $ 4,430,000 $ - $ 86,025 $ 86,025 
5/1/38 $ 4,430,000 $ 245,000 $ 86,025 $ 331,025 
11/1/38 $ 4,185,000 $ - $ 81,738 $ 81,738 
14

Bannon Lakes Amortization Schedule 
Community Development District Series 2021, Special Assessment Revenue Bonds 
(Term Bonds Due Combined) 
Date Balance Principal Interest Annual 
5/1/39 $ 4,185,000 $ 255,000 $ 81,738 $ 336,738 
11/1/39 $ 3,930,000 $ - $ 77,275 $ 77,275 
5/1/40 $ 3,930,000 $ 260,000 $ 77,275 $ 337,275 
11/1/40 $ 3,670,000 $ - $ 72,725 $ 72,725 
5/1/41 $ 3,670,000 $ 270,000 $ 72,725 $ 342,725 
11/1/41 $ 3,400,000 $ - $ 68,000 $ 68,000 
5/1/42 $ 3,400,000 $ 280,000 $ 68,000 $ 348,000 
11/1/42 $ 3,120,000 $ - $ 62,400 $ 62,400 
5/1/43 $ 3,120,000 $ 295,000 $ 62,400 $ 357,400 
11/1/43 $ 2,825,000 $ - $ 56,500 $ 56,500 
5/1/44 $ 2,825,000 $ 305,000 $ 56,500 $ 361,500 
11/1/44 $ 2,520,000 $ - $ 50,400 $ 50,400 
5/1/45 $ 2,520,000 $ 315,000 $ 50,400 $ 365,400 
11/1/45 $ 2,205,000 $ - $ 44,100 $ 44,100 
5/1/46 $ 2,205,000 $ 330,000 $ 44,100 $ 374,100 
11/1/46 $ 1,875,000 $ - $ 37,500 $ 37,500 
5/1/47 $ 1,875,000 $ 345,000 $ 37,500 $ 382,500 
11/1/47 $ 1,530,000 $ - $ 30,600 $ 30,600 
5/1/48 $ 1,530,000 $ 360,000 $ 30,600 $ 390,600 
11/1/48 $ 1,170,000 $ - $ 23,400 $ 23,400 
5/1/49 $ 1,170,000 $ 375,000 $ 23,400 $ 398,400 
11/1/49 $ 795,000 $ - $ 15,900 $ 15,900 
5/1/50 $ 795,000 $ 390,000 $ 15,900 $ 405,900 
11/1/50 $ 405,000 $ - $ 8,100 $ 8,100 
5/1/51 $ 405,000 $ 405,000 $ 8,100 $ 413,100 
11/1/51 $ - $ - $ - $ - 
Totals $ 7,265,000 $ 4,814,000 $ 12,079,000 
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Bannon Lakes Debt Service Fund 
Community Development District Series 2022 
Adopted Actual Projected Total Adopted 
Budget Thru Next Projected Budget 
Description FY 2023 6/30/23 3 Months 9/30/23 FY 2024 
Revenues 
Interest Income $0 $11,424 $5,265 $16,689 $5,000 
Special Assessments $0 $0 $0 $0 $521,800 
Prepayments $0 $0 $0 $0 $0 
Carry Forward Surplus* $525,252 $525,251 $0 $525,251 $191,773 
TOTAL REVENUES $525,252 $536,676 $5,265 $541,941 $718,573 
Expenditures 
Series 2021 
Interest - 11/01 $175,084 $175,084 $0 $175,084 $175,084 
Interest - 05/01 $175,084 $175,084 $0 $175,084 $175,084 
Principal - 5/01 $0 $0 $0 $0 $170,000 
TOTAL EXPENDITURES $350,168 $350,168 $0 $350,168 $520,168 
Other Sources/(Uses) 
Interfund Transfer In/(Out) $0 $0 $0 $0 $0 
TOTAL OTHER SOURCES/USES $0 $0 $0 $0 $0 
EXCESS REVENUES $175,084 $186,508 $5,265 $191,773 $198,406 
*Reflects excess revenue at fiscal year end less reserve fund balance. 11/1/24 Interest $172,640 
Net Assessments $519,788 
Add: Discounts and Collections (6%) $35,304 
Gross Assessments $555,092 
Assessable Units 132 
Net Per Unit Assessment $3,937.79 
Per Unit Assessment $4,205.24 
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Bannon Lakes Amortization Schedule 
Community Development District Series 2022, Special Assessment Revenue Bonds 
(Term Bonds Due Combined) 
Date Balance Principal Interest Annual 
11/1/23 $ 9,135,000 $ - $ 175,084 $ 350,168 
5/1/24 $ 9,135,000 $ 170,000 $ 175,084 
11/1/24 $ 8,965,000 $ - $ 172,640 $ 517,724 
5/1/25 $ 8,965,000 $ 175,000 $ 172,640 
11/1/25 $ 8,790,000 $ - $ 170,124 $ 517,764 
5/1/26 $ 8,790,000 $ 180,000 $ 170,124 
11/1/26 $ 8,610,000 $ - $ 167,537 $ 517,661 
5/1/27 $ 8,610,000 $ 185,000 $ 167,537 
11/1/27 $ 8,425,000 $ - $ 164,878 $ 517,414 
5/1/28 $ 8,425,000 $ 195,000 $ 164,878 
11/1/28 $ 8,230,000 $ - $ 161,660 $ 521,538 
5/1/29 $ 8,230,000 $ 200,000 $ 161,660 
11/1/29 $ 8,030,000 $ - $ 158,360 $ 520,020 
5/1/30 $ 8,030,000 $ 205,000 $ 158,360 
11/1/30 $ 7,825,000 $ - $ 154,978 $ 518,338 
5/1/31 $ 7,825,000 $ 215,000 $ 154,978 
11/1/31 $ 7,610,000 $ - $ 151,430 $ 521,408 
5/1/32 $ 7,610,000 $ 220,000 $ 151,430 
11/1/32 $ 7,390,000 $ - $ 147,800 $ 519,230 
5/1/33 $ 7,390,000 $ 230,000 $ 147,800 
11/1/33 $ 7,160,000 $ - $ 143,200 $ 521,000 
5/1/34 $ 7,160,000 $ 240,000 $ 143,200 
11/1/34 $ 6,920,000 $ - $ 138,400 $ 521,600 
5/1/35 $ 6,920,000 $ 250,000 $ 138,400 
11/1/35 $ 6,670,000 $ - $ 133,400 $ 521,800 
5/1/36 $ 6,670,000 $ 260,000 $ 133,400 
11/1/36 $ 6,410,000 $ - $ 128,200 $ 521,600 
5/1/37 $ 6,410,000 $ 270,000 $ 128,200 
11/1/37 $ 6,140,000 $ - $ 122,800 $ 521,000 
5/1/38 $ 6,140,000 $ 280,000 $ 122,800 
11/1/38 $ 5,860,000 $ - $ 117,200 $ 520,000 
5/1/39 $ 5,860,000 $ 290,000 $ 117,200 
11/1/39 $ 5,570,000 $ - $ 111,400 $ 518,600 
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Bannon Lakes Amortization Schedule 
Community Development District Series 2022, Special Assessment Revenue Bonds 
(Term Bonds Due Combined) 
Date Balance Principal Interest Annual 
5/1/40 $ 5,570,000 $ 305,000 $ 111,400 
11/1/40 $ 5,265,000 $ - $ 105,300 $ 521,700 
5/1/41 $ 5,265,000 $ 315,000 $ 105,300 
11/1/41 $ 4,950,000 $ - $ 99,000 $ 519,300 
5/1/42 $ 4,950,000 $ 330,000 $ 99,000 
11/1/42 $ 4,620,000 $ - $ 92,400 $ 521,400 
5/1/43 $ 4,620,000 $ 340,000 $ 92,400 
11/1/43 $ 4,280,000 $ - $ 85,600 $ 518,000 
5/1/44 $ 4,280,000 $ 355,000 $ 85,600 
11/1/44 $ 3,925,000 $ - $ 78,500 $ 519,100 
5/1/45 $ 3,925,000 $ 370,000 $ 78,500 
11/1/45 $ 3,555,000 $ - $ 71,100 $ 519,600 
5/1/46 $ 3,555,000 $ 385,000 $ 71,100 
11/1/46 $ 3,170,000 $ - $ 63,400 $ 519,500 
5/1/47 $ 3,170,000 $ 400,000 $ 63,400 
11/1/47 $ 2,770,000 $ - $ 55,400 $ 518,800 
5/1/48 $ 2,770,000 $ 415,000 $ 55,400 
11/1/48 $ 2,355,000 $ - $ 47,100 $ 517,500 
5/1/49 $ 2,355,000 $ 435,000 $ 47,100 
11/1/49 $ 1,920,000 $ - $ 38,400 $ 520,500 
5/1/50 $ 1,920,000 $ 450,000 $ 38,400 
11/1/50 $ 1,470,000 $ - $ 29,400 $ 517,800 
5/1/51 $ 1,470,000 $ 470,000 $ 29,400 
11/1/51 $ 1,000,000 $ - $ 20,000 $ 519,400 
5/1/52 $ 1,000,000 $ 490,000 $ 20,000 
11/1/52 $ 510,000 $ - $ 10,200 $ 520,200 
5/1/53 $ 510,000 $ 510,000 $ 10,200 
$ 520,200 
Totals $ 9,135,000 $ 6,979,948 $ 16,114,948 
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Bannon Lakes Capital Reserve Fund 
Community Development District 
Adopted Actual Projected Total Adopted 
Budget Thru Next Projected Budget 
Description FY 2023 6/30/23 3 Months 9/30/23 FY 2024 
Revenues 
Capital Reserve Transfer In $3,084 $3,084 $0 $3,084 $3,084 
POA Contribution $0 $0 $0 $0 $0 
Carry Forward Surplus $142,268 $171,468 $0 $171,468 $92,095 
Interest $0 $2,524 $810 $3,334 $1,100 
TOTAL REVENUES $145,352 $177,076 $810 $177,886 $96,279 
Expenditures 
Capital Outlay $10,000 $0 $0 $0 $0 
Repair and Maintenance $10,000 $85,782 $0 $85,782 $40,000 
Other Current Charges $420 $9 $0 $9 $420 
TOTAL EXPENDITURES $20,420 $85,791 $0 $85,791 $40,420 
EXCESS REVENUES $124,932 $91,285 $810 $92,095 $55,859 
19