Community DevelopmentDistrictProposedBudgetFY2024ForestLakeProposedBudgetFY2024ForestLake

Table 
of 
Contents 


1-2 
GeneralFund 


GeneralFundNarrative 


Series2020DebtServiceFund 


9-10 
Series2020AmortizationSchedule 


Series2022DebtServiceFund 


12-13 
Series2022AmortizationSchedule 


CapitalReserveFund 



Forest 
Lake 


Community 
DevelopmentDistrict 
Proposed 
Budget 
General 
Fund 


AdoptedActualsProjectedTotalProposedBudgetThruNextThruBudgetDescription FY20233/31/236 Months9/30/23FY2024
Revenues 
Assessments-TaxRoll 
$ 
351,781 
$ 
336,635 
$ 
15,146 
$ 
351,781 
$ 
617,755 
Assessments-DirectBill 
$ 
60,641 
$ 
15,160 
$ 
6,847 
$ 
22,007 
$ 
-
Assessments-LotClosings 
$ 
-$ 
38,634 
$ 
-$ 
38,634 
$ 
-
Total 
Revenues 
$ 
412,422 
$ 
390,429 
$ 
21,993 
$ 
412,422 
$ 
617,755 
Expenditures 
Administrative 
SupervisorFees 
$ 
12,000 
$ 
2,200 
$ 
4,000 
$ 
6,200 
$ 
12,000 
Engineering 
$ 
15,000 
$ 
115 
$ 
7,500 
$ 
7,615 
$ 
15,000 
Attorney 
$ 
30,000 
$ 
4,124 
$ 
15,000 
$ 
19,124 
$ 
30,000 
AnnualAudit 
$ 
5,500 
$ 
-$ 
6,500 
$ 
6,500 
$ 
6,600 
AssessmentAdministration 
$ 
5,000 
$ 
5,000 
$ 
-$ 
5,000 
$ 
5,000 
Arbitrage 
$ 
900 
$ 
450 
$ 
450 
$ 
900 
$ 
900 
Dissemination 
$ 
6,000 
$ 
3,000 
$ 
3,000 
$ 
6,000 
$ 
6,000 
TrusteeFees 
$ 
8,081 
$ 
4,041 
$ 
4,040 
$ 
8,081 
$ 
8,081 
ManagementFees 
$ 
37,853 
$ 
18,927 
$ 
18,926 
$ 
37,853 
$ 
40,124 
InformationTechnology 
$ 
1,800 
$ 
900 
$ 
900 
$ 
1,800 
$ 
1,800 
WebsiteMaintenance 
$ 
1,200 
$ 
600 
$ 
600 
$ 
1,200 
$ 
1,200 
Postage&Delivery 
$ 
1,000 
$ 
404 
$ 
500 
$ 
904 
$ 
1,000 
Insurance 
$ 
6,210 
$ 
5,563 
$ 
-$ 
5,563 
$ 
6,397 
Copies 
$ 
500 
$ 
9 
$ 
25 
$ 
34 
$ 
500 
LegalAdvertising 
$ 
10,000 
$ 
1,883 
$ 
5,000 
$ 
6,883 
$ 
5,000 
OtherCurrentCharges 
$ 
6,460 
$ 
235 
$ 
240 
$ 
475 
$ 
1,500 
OfficeSupplies 
$ 
625 
$ 
10 
$ 
30 
$ 
40 
$ 
625 
Dues,Licenses&Subscriptions 
$ 
175 
$ 
175 
$ 
-$ 
175 
$ 
175 
Total 
Administrative 
$ 
148,304 
$ 
47,634 
$ 
66,712 
$ 
114,346 
$ 
141,902 


1

Forest 
Lake 


Community 
DevelopmentDistrict 
Proposed 
Budget 
General 
Fund 


AdoptedActualsProjectedTotalProposedBudgetThruNextThruBudgetDescription FY20233/31/236 Months9/30/23FY2024
Operations 
& 
Maintenance 
Field 
Expenditures 
PropertyInsurance 
$ 
5,000 
$ 
9,412 
$ 
-$ 
9,412 
$ 
14,118 
FieldManagement 
$ 
15,750 
$ 
7,875 
$ 
7,875 
$ 
15,750 
$ 
16,695 
LandscapeMaintenance 
$ 
74,000 
$ 
28,041 
$ 
28,041 
$ 
56,082 
$ 
127,000 
LandscapeReplacement 
$ 
12,000 
$ 
-$ 
6,000 
$ 
6,000 
$ 
12,000 
Streetlights 
$ 
16,764 
$ 
7,924 
$ 
9,000 
$ 
16,924 
$ 
33,770 
Electric 
$ 
6,600 
$ 
1,441 
$ 
2,496 
$ 
3,937 
$ 
7,260 
Water&Sewer 
$ 
3,000 
$ 
-$ 
522 
$ 
522 
$ 
1,000 
Sidewalk&AsphaltMaintenance 
$ 
2,500 
$ 
2,961 
$ 
1,250 
$ 
4,211 
$ 
2,500 
IrrigationRepairs 
$ 
7,500 
$ 
578 
$ 
3,750 
$ 
4,328 
$ 
7,500 
GeneralRepairs&Maintenance 
$ 
12,000 
$ 
7,520 
$ 
6,000 
$ 
13,520 
$ 
12,000 
Contingency 
$ 
7,500 
$ 
548 
$ 
600 
$ 
1,148 
$ 
7,500 
Subtotal 
Field 
Expenses 
$ 
162,614 
$ 
66,300 
$ 
65,534 
$ 
131,834 
$ 
241,343 
Amenity 
Expenses 
Amenity-Electric 
$ 
12,540 
$ 
5,359 
$ 
6,468 
$ 
11,827 
$ 
13,794 
Amenity-Water 
$ 
3,696 
$ 
1,697 
$ 
2,653 
$ 
4,350 
$ 
4,350 
PlaygroundLease 
$ 
28,688 
$ 
14,344 
$ 
14,344 
$ 
28,688 
$ 
28,688 
Internet 
$ 
1,500 
$ 
573 
$ 
648 
$ 
1,221 
$ 
1,500 
PestControl 
$ 
480 
$ 
200 
$ 
280 
$ 
480 
$ 
528 
JanitorialServices 
$ 
6,600 
$ 
3,689 
$ 
4,800 
$ 
8,489 
$ 
9,600 
SecurityServices 
$ 
2,500 
$ 
2,528 
$ 
1,250 
$ 
3,778 
$ 
33,500 
PoolMaintenance 
$ 
18,000 
$ 
8,100 
$ 
8,100 
$ 
16,200 
$ 
19,800 
AmenityAccessManagement 
$ 
5,000 
$ 
2,896 
$ 
2,500 
$ 
5,396 
$ 
5,250 
AmenityRepairs&Maintenance 
$ 
10,000 
$ 
1,171 
$ 
5,000 
$ 
6,171 
$ 
10,000 
Contingency 
$ 
7,500 
$ 
-$ 
3,750 
$ 
3,750 
$ 
7,500 
Subtotal 
Amenity 
Expenses 
$ 
96,504 
$ 
40,557 
$ 
49,793 
$ 
90,351 
$ 
134,510 
Total 
Operations 
& 
Maintenance 
$ 
259,118 
$ 
106,857 
$ 
115,327 
$ 
222,184 
$ 
375,853 
Other 
Expenditures 
CapitalReserves-Transfer 
$ 
5,000 
$ 
-$ 
-$ 
-$ 
100,000 
Total 
Other 
Expenditures 
$ 
5,000 
$ 
-$ 
-$ 
-$ 
100,000 
Total 
Expenditures 
$ 
412,422 
$ 
154,491 
$ 
182,039 
$ 
336,530 
$ 
617,755 
Excess 
Revenues/(Expenditures) 
$ 
(0) 
$ 
235,938 
$ 
(160,046) 
$ 
75,892 
$ 
-
NetAssessments 
$ 
617,755 
Add:Discounts&Collections7% 
$ 
46,498 
GrossAssessments 
$ 
664,253 
AssessableUnits 
574 
PerUnitGrossAssessment 
$ 
1,157.24 
PerUnitNetAssessment 
$ 
1,076.23 
FY23GrossPerUnit 
FY43GrossPerUnit 
Assessment 
Assessment 
Increase 
$974.90 
$1,157.24 
$182.34 


2

Forest 
Lake 


Community 
Development 
District 


General Fund Budget 


Revenues: 


Assessments 


TheDistrictwilllevyanon-advaloremassessmentonallthe assessable property withinthe Districtinorderto pay foroperatingexpendituresduringthe fiscalyear. 


Expenditures: 
General 
& 
Administrative: 


Supervisor 
Fees 


Chapter190,FloridaStatutes,allowsforeach Board membertoreceive$200 permeeting,nottoexceed 
$4,800peryearpaidto each Supervisorforthe time devotedto Districtbusinessandmeetings. 


Engineering 


TheDistrict'sengineer, Wood&AssociatesEngineering, LLC, providesgeneralengineering services totheDistrict,e.g.attendanceandpreparationformonthlyboardmeetings,reviewinvoicesandvarious 
projectsasdirected by the Board ofSupervisorsand the DistrictManager. 


Attorney 


TheDistrict'slegalcounsel, KELawGroup, providesgenerallegalservices tothe District,e.g. attendance 
andpreparationformeetings,preparationandreviewofagreements,resolutions,etc.as directedby the 
Board ofSupervisorsand the DistrictManager. 


Annual 
Audit 


TheDistrictisrequiredbyFloridaStatutestoarrangeforanindependent audit of itsfinancialrecordson an annualbasis.TheDistrictiscurrentlycontracted with Grau&Associatesfortheseservices. 


Assessment 
Administration 


TheDistricthascontracted with GovernmentalManagementServices-CentralFlorida,LLC,tolevyandadminister the collectionofnon-advaloremassessmentonallassessable property withinthe District. 


Arbitrage 


The 
District 
will 
contract 
with 
an 
independent 
certified 
public 
accountant 
to 
annually 
calculate 
the 
District’sArbitrageRebateLiabilityonits Series 2020and2022bonds. 


Dissemination 


TheDistrictisrequired bytheSecurityand ExchangeCommissiontocomplywith Rule15c2-12(b)(5)
which relates to additionalreporting requirements for unrated bond issues.This cost is based upon the 
Series 2020 and 2022bonds. 


Trustee 
Fees 


TheDistrictwillincurtrusteerelated costswith theissuanceofits’issuedbonds. 


3

Forest 
Lake 


Community 
Development 
District 


General Fund Budget 


Management 
Fees 


TheDistrictreceivesManagement, 
Accountingand AdministrativeservicesaspartofaManagementAgreementwith GovernmentalManagementServices-CentralFlorida,LLC.Theservicesincludebutarenot 
limited 
to, 
recording 
and 
transcription 
of 
board 
meetings, 
administrative 
services, 
budget 
preparation,allfinancialreports,annualaudits,etc. 


Information 
Technology 


Representscostsrelated to theDistrict’sinformationsystems,whichincludebutarenotlimitedtovideo 
conferencing 
services, 
cloud 
storage 
services 
and 
servers, 
security, 
accounting 
software, 
etc. 
GovernmentalManagementServices-CentralFlorida,LLC,providestheseservices. 


Website 
Maintenance 


Represents 
the 
costs 
associated 
with 
monitoring 
and 
maintaining 
the 
District’s 
website 
created 
in 
accordance withChapter189,FloridaStatutes. 
Theseservicesincludesiteperformanceassessments,
security andfirewallmaintenance,updates,documentuploads, hostinganddomainrenewals,websitebackups, etc.GovernmentalManagementServices-CentralFlorida,LLC,providestheseservices. 


Postage 
& 
Delivery 


TheDistrictincurschargesformailing, overnightdeliveries, correspondence, etc. 


Insurance 


TheDistrict’sgeneralliability andpublic official’s liability insurance coverage is providedby the 
FloridaInsuranceAlliance(FIA).FIA specializesin providinginsurancecoverageto governmentalagencies. 


Copies 


Printingagenda packages for boardmeetings,printingof computerizedchecks,stationary,envelopes,
etc. 


Legal 
Advertising 


TheDistrictisrequired to advertisevariousnoticesformonthlyBoard meetings,publichearings,etc.ina newspaper ofgeneralcirculation. 


Other 
Current 
Charges 


Bankchargesand any othermiscellaneousexpensesincurredduringtheyear. 


Office 
Supplies 


Anysuppliesthatmayneed to bepurchased duringthefiscalyear,e.g.,paper,minutebooks,file folders,
labels, paper clips, etc. 


Dues, 
Licenses 
& 
Subscriptions 


TheDistrictisrequired to payanannualfeetotheFloridaDepartmentofEconomicOpportunityfor$175. 
Thisisthe only expense underthiscategoryfortheDistrict. 


4

Forest 
Lake 


Community 
Development 
District 


General Fund Budget 


Operations 
& 
Maintenance: 


Field 
Expenditures 


Property 
Insurance 


TheDistrict’spropertyinsurancecoverages. 


Field 
Management 


GovernmentalManagementServices-CentralFlorida,LLC, providesonsite field managementofcontractsfortheDistrict suchaslandscapemaintenance.Servicescanincludeonsiteinspections,meetingswithcontractors,monitoring ofutility accounts,attendBoardmeetings andreceive andrespondto property 
ownerphone callsand emails. 


Landscape 
Maintenance 


Representstheestimated maintenanceofthelandscapingwithinthecommonareasoftheDistrictaftertheinstallationof landscapematerialhasbeencompleted. 
TheDistricthascontracted with Prince& 
Sons,Inc.toprovide these services. 


Landscape 
Replacement 


Representstheestimated costofreplacinglandscapingwithinthecommonareasoftheDistrict. 


Streetlights 


RepresentsthecurrentandestimatedcosttomaintainstreetlightswithintheDistrict Boundaries. 


Electric 


Representscurrentand estimated electricchargesofcommonareasthroughouttheDistrict. 


Water 
& 
Sewer 


Represents 
current 
and 
estimated 
costs 
for 
water 
and 
refuse 
services 
provided 
for 
common 
areas 
throughout theDistrict. 


Sidewalk 
& 
Asphalt 
Maintenance 


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


Irrigation 
Repairs 


Representsthecostofmaintainingandrepairingtheirrigationsystem.Thisincludesthesprinklers,andirrigationwells. 


General 
Repairs 
& 
Maintenance 


Representsestimated costsforgeneralrepairsand maintenanceoftheDistrict’scommonareas. 


5

Forest 
Lake 


Community 
Development 
District 


General Fund Budget 


Contingency 


Representsfundsallocated to expensesthattheDistrictcould incurthroughoutthefiscalyearthatdo 
notfitinto any field category. 


Amenity 
Expenditures 


Amenity 
-Electric 


Representsestimated electricchargesfortheDistrict’samenityfacilities. 


Amenity 
– 
Water 


Representsestimated waterchargesfortheDistrict’samenityfacilities. 


Playground 
Lease 


TheDistrictwillenterinto aleasingagreementforplaygroundsinstalled inthecommunity. 


Internet 


Internet servicewillbeaddedforuseat theAmenityCenter. 


Pest 
Control 


TheDistrictwillincurcostsforpestcontroltreatmentstoitsamenityfacilities. 


Janitorial 
Services 


Representsestimated coststo providejanitorialservicesand suppliesfortheDistrict’samenityfacilities. 


Security 
Services 


Represents 
the 
estimated 
cost 
of 
contracting 
a 
monthly 
security 
service 
for 
the 
District’s 
amenity 
facilities, as well as maintaining security systems. 


Pool 
Maintenance 


Representsthecostsofregularcleaningand treatmentsofthe District’spool. Theservicesareprovided 
by ResortPoolServices. 


Amenity 
Access 
Management 


Representsthecostofmanagingaccess totheDistrict’samenityfacilities.GovernmentalManagement 
Services-CentralFlorida,LLC,providestheseservices. 


Amenity 
Repairs 
& 
Maintenance 


Representsestimated costsforrepairsand maintenanceoftheDistrict’samenityfacilities. 


6

Forest 
Lake 


Community 
Development 
District 


General Fund Budget 


Contingency 


Representsfundsallocated to expensesthattheDistrictcould incurthroughoutthefiscalyearthatdo 
notfitintoany amenity category. 


Other 
Expenses: 


Capital 
Reserves 


Funds 
collected 
and 
reserved 
for 
the 
replacement 
of 
and/or 
purchase 
of 
new 
capital 
improvements 
throughout theDistrict. 


7

Forest 
Lake 


Community 
DevelopmentDistrict 


Proposed 
Budget 


Series 
2020 
Debt 
Service 
Fund 


AdoptedActualsProjectedTotalProposedBudgetThruNextThruBudgetDescription FY20233/31/236 Months9/30/23FY2024
Revenues 
SpecialAssessments 
$ 
505,199 
$ 
476,902 
$ 
28,297 
$ 
505,199 
$ 
498,246 
Interest 
$ 
-$ 
6,320 
$ 
-$ 
6,320 
$ 
-
CarryForwardSurplus 
$ 
175,748 
$ 
172,115 
$ 
-$ 
172,115 
$ 
180,777 
Total 
Revenues 
$ 
680,947 
$ 
655,336 
$ 
28,297 
$ 
683,634 
$ 
679,023 
Expenditures 
InterestExpense-11/1 
$ 
163,978 
$ 
163,878 
$ 
-$ 
163,878 
$ 
161,547 
SpecialCall-11/1 
$ 
-$ 
5,000 
$ 
-$ 
5,000 
$ 
-
PrincipalExpense-5/1 
$ 
170,000 
$ 
-$ 
170,000 
$ 
170,000 
$ 
175,000 
InterestExpense-5/1 
$ 
163,978 
$ 
-$ 
163,978 
$ 
163,978 
$ 
161,547 
Total 
Expenditures 
$ 
497,956 
$ 
168,878 
$ 
333,978 
$ 
502,856 
$ 
498,094 
Excess 
Revenues/(Expenditures) 
$ 
182,991 
$ 
486,458 
$ 
(305,681) 
$ 
180,777 
$ 
180,930 
InterestExpense11/1/24 
$ 
159,250 
Total 
$ 
159,250 


 Total 
Net 
Net 
Assessment 
Per 
Gross 
Assessment 
Product 
Assessable 
Units 
Assessments 
Unit 
Per 
Unit 
SF-Phase1 
203 
$ 
273,934 
$1,349 
$1,451 
SF-Phase2 
185 
$ 
224,312 
$1,212 
$1,304 
388 
$ 
498,246 


8

Forest 
Lake 


Community 
Development 
District 


Series 
2020 
Special 
Assessment 
Bonds 


Amortization 
Schedule 


DateBalancePrinicpalInterestTotal
11/01/23 
$ 
8,385,000.00 
$ 
-$ 
161,546.88 
$ 
495,325.00 
05/01/24 
$ 
8,385,000.00 
$ 
175,000.00 
$ 
161,546.88 
$ 
11/
01/24 
$ 
8,210,000.00 
$ 
-$ 
159,250.00 
$ 
495,796.88 
05/01/25 
$ 
8,210,000.00 
$ 
180,000.00 
$ 
159,250.00 
$ 
11/
01/25 
$ 
8,030,000.00 
$ 
-$ 
156,887.50 
$ 
496,137.50 
05/01/26 
$ 
8,030,000.00 
$ 
185,000.00 
$ 
156,887.50 
$ 
11/
01/26 
$ 
7,845,000.00 
$ 
-$ 
153,881.25 
$ 
495,768.75 
05/01/27 
$ 
7,845,000.00 
$ 
190,000.00 
$ 
153,881.25 
$ 
11/
01/27 
$ 
7,655,000.00 
$ 
-$ 
150,793.75 
$ 
494,675.00 
05/01/28 
$ 
7,655,000.00 
$ 
200,000.00 
$ 
150,793.75 
$ 
11/
01/28 
$ 
7,455,000.00 
$ 
-$ 
147,543.75 
$ 
498,337.50 
05/01/29 
$ 
7,455,000.00 
$ 
205,000.00 
$ 
147,543.75 
$ 
11/
01/29 
$ 
7,250,000.00 
$ 
-$ 
144,212.50 
$ 
496,756.25 
05/01/30 
$ 
7,250,000.00 
$ 
210,000.00 
$ 
144,212.50 
$ 
11/
01/30 
$ 
7,040,000.00 
$ 
-$ 
140,800.00 
$ 
495,012.50 
05/01/31 
$ 
7,040,000.00 
$ 
220,000.00 
$ 
140,800.00 
$ 
11/
01/31 
$ 
6,820,000.00 
$ 
-$ 
136,400.00 
$ 
497,200.00 
05/01/32 
$ 
6,820,000.00 
$ 
230,000.00 
$ 
136,400.00 
$ 
11/
01/32 
$ 
6,590,000.00 
$ 
-$ 
131,800.00 
$ 
498,200.00 
05/01/33 
$ 
6,590,000.00 
$ 
235,000.00 
$ 
131,800.00 
$ 
11/
01/33 
$ 
6,355,000.00 
$ 
-$ 
127,100.00 
$ 
493,900.00 
05/01/34 
$ 
6,355,000.00 
$ 
245,000.00 
$ 
127,100.00 
$ 
11/
01/34 
$ 
6,110,000.00 
$ 
-$ 
122,200.00 
$ 
494,300.00 
05/01/35 
$ 
6,110,000.00 
$ 
255,000.00 
$ 
122,200.00 
$ 
11/
01/35 
$ 
5,855,000.00 
$ 
-$ 
117,100.00 
$ 
494,300.00 
05/01/36 
$ 
5,855,000.00 
$ 
265,000.00 
$ 
117,100.00 
$ 
11/
01/36 
$ 
5,590,000.00 
$ 
-$ 
111,800.00 
$ 
493,900.00 
05/01/37 
$ 
5,590,000.00 
$ 
275,000.00 
$ 
111,800.00 
$ 
11/
01/37 
$ 
5,315,000.00 
$ 
-$ 
106,300.00 
$ 
493,100.00 
05/01/38 
$ 
5,315,000.00 
$ 
290,000.00 
$ 
106,300.00 
$ 
11/
01/38 
$ 
5,025,000.00 
$ 
-$ 
100,500.00 
$ 
496,800.00 
05/01/39 
$ 
5,025,000.00 
$ 
300,000.00 
$ 
100,500.00 
$ 
11/
01/39 
$ 
4,725,000.00 
$ 
-$ 
94,500.00 
$ 
495,000.00 
05/01/40 
$ 
4,725,000.00 
$ 
315,000.00 
$ 
94,500.00 
$ 
11/
01/40 
$ 
4,410,000.00 
$ 
-$ 
88,200.00 
$ 
497,700.00 
05/01/41 
$ 
4,410,000.00 
$ 
325,000.00 
$ 
88,200.00 
$ 
11/
01/41 
$ 
4,085,000.00 
$ 
-$ 
81,700.00 
$ 
494,900.00 
05/01/42 
$ 
4,085,000.00 
$ 
340,000.00 
$ 
81,700.00 
$ 
11/
01/42 
$ 
3,745,000.00 
$ 
-$ 
74,900.00 
$ 
496,600.00 
05/01/43 
$ 
3,745,000.00 
$ 
355,000.00 
$ 
74,900.00 
$ 
11/
01/43 
$ 
3,390,000.00 
$ 
-$ 
67,800.00 
$ 
497,700.00 


9

Forest 
Lake 


Community 
Development 
District 


Series 
2020 
Special 
Assessment 
Bonds 


Amortization 
Schedule 


DateBalancePrinicpalInterestTotal
05/01/44 
$ 
3,390,000.00 
$ 
365,000.00 
$ 
67,800.00 
$ 
11/
01/44 
$ 
3,025,000.00 
$ 
-$ 
60,500.00 
$ 
493,300.00 
05/01/45 
$ 
3,025,000.00 
$ 
380,000.00 
$ 
60,500.00 
$ 
11/
01/45 
$ 
2,645,000.00 
$ 
-$ 
52,900.00 
$ 
493,400.00 
05/01/46 
$ 
2,645,000.00 
$ 
400,000.00 
$ 
52,900.00 
$ 
11/
01/46 
$ 
2,245,000.00 
$ 
-$ 
44,900.00 
$ 
497,800.00 
05/01/47 
$ 
2,245,000.00 
$ 
415,000.00 
$ 
44,900.00 
$ 
11/
01/47 
$ 
1,830,000.00 
$ 
-$ 
36,600.00 
$ 
496,500.00 
05/01/48 
$ 
1,830,000.00 
$ 
430,000.00 
$ 
36,600.00 
$ 
11/
01/48 
$ 
1,400,000.00 
$ 
-$ 
28,000.00 
$ 
494,600.00 
05/01/49 
$ 
1,400,000.00 
$ 
450,000.00 
$ 
28,000.00 
$ 
11/
01/49 
$ 
950,000.00 
$ 
-$ 
19,000.00 
$ 
497,000.00 
05/01/50 
$ 
950,000.00 
$ 
465,000.00 
$ 
19,000.00 
$ 



11/1/50 
$ 
485,000.00 
$ 
-$ 
9,700.00 
$ 
493,700.00 


5/1/51 
$ 
485,000.00 
$ 
485,000.00 
$ 
9,700.00 
$ 
494,700.00 


$ 
8,385,000 
$ 
5,653,631 
$ 
14,372,409 


10

Forest 
Lake 


Community 
Development 
District 


Proposed 
Budget 


Series 
2022 
Debt 
Service 
Fund 


AdoptedActualsProjectedTotalProposedBudgetThruNextThruBudgetDescription FY20233/31/236 Months9/30/23FY2024
Revenues 
SpecialAssessments 
$ 
319,706 
$ 
234,125 
$ 
85,581 
$ 
319,706 
$ 
140,650 
Assessments-Prepayments 
$ 
-$ 
1,954,409 
$ 
-$ 
1,954,409 
$ 
-
Interest 
$ 
-$ 
6,730 
$ 
-$ 
6,730 
$ 
-
CarryForwardSurplus 
$ 
109,737 
$ 
110,828 
$ 
-$ 
110,828 
$ 
155,842 
Total 
Revenues 
$ 
429,443 
$ 
2,306,092 
$ 
85,581 
$ 
2,391,673 
$ 
296,492 
Expenditures 
InterestExpense-11/1 
$ 
109,717 
$ 
109,717 
$ 
-$ 
109,717 
$ 
80,947 
PrincipalExpense-5/1 
$ 
65,000 
$ 
-$ 
65,000 
$ 
65,000 
$ 
45,000 
InterestExpense-5/1 
$ 
124,247 
$ 
-$ 
124,247 
$ 
124,247 
$ 
80,947 
SpecialCall-5/1 
$ 
-$ 
-$ 
1,615,000 
$ 
1,615,000 
$ 
-
SpecialCall-8/1 
$ 
-$ 
-$ 
320,000 
$ 
320,000 
$ 
-
Total 
Expenditures 
$ 
298,964 
$ 
109,717 
$ 
2,124,247 
$ 
2,233,964 
$ 
206,894 
Other 
Financing 
Sources/(Uses) 
TransferIn/(Out) 
$ 
-$ 
(1,866) 
$ 
-$ 
(1,866) 
$ 
-
Total 
Other 
Financing 
Sources/(Uses) 
$ 
-$ 
(1,866) 
$ 
-$ 
(1,866) 
$ 
-
Excess 
Revenues/(Expenditures) 
$ 
130,479 
$ 
2,194,508 
$ 
(2,038,666) 
$ 
155,842 
$ 
89,598 
InterestExpense11/1/24 
$ 
79,878 
Total 
$ 
79,878 


Product 
Assessable 
Units 
Total 
Net 
Assessments 
Net 
Assessment 
Per 
Unit 
Gross 
Assessment 
Per 
Unit 
SingleFamily 
116 
$ 
140,650 
$1,212 
$1,304 
116 
$ 
140,650 


11

Forest 
Lake 


Community 
Development 
District 


Series 
2022 
Special 
Assessment 
Bonds 


Amortization 
Schedule 


DateBalancePrinicpalInterestTotal
11/01/23 
$ 
3,020,000.00 
$ 
-$ 
80,946.88 
$ 
80,946.88 
05/01/24 
$ 
3,020,000.00 
$ 
45,000.00 
$ 
80,946.88 
11/01/24 
$ 
2,975,000.00 
$ 
-$ 
79,878.13 
$ 
205,825.00 
05/01/25 
$ 
2,975,000.00 
$ 
50,000.00 
$ 
79,878.13 
$ 
11/
01/25 
$ 
2,875,000.00 
$ 
-$ 
78,690.63 
$ 
208,568.75 
05/01/26 
$ 
2,820,000.00 
$ 
50,000.00 
$ 
78,690.63 
$ 
11/
01/26 
$ 
2,820,000.00 
$ 
-$ 
77,503.13 
$ 
206,193.75 
05/01/27 
$ 
2,820,000.00 
$ 
55,000.00 
$ 
77,503.13 
$ 
11/
01/27 
$ 
2,820,000.00 
$ 
-$ 
76,196.88 
$ 
208,700.00 
05/01/28 
$ 
2,820,000.00 
$ 
55,000.00 
$ 
76,196.88 
$ 
11/
01/28 
$ 
2,765,000.00 
$ 
-$ 
74,821.88 
$ 
206,018.75 
05/01/29 
$ 
2,765,000.00 
$ 
60,000.00 
$ 
74,821.88 
$ 
11/
01/29 
$ 
2,705,000.00 
$ 
-$ 
73,321.88 
$ 
208,143.75 
05/01/30 
$ 
2,705,000.00 
$ 
60,000.00 
$ 
73,321.88 
$ 
11/
01/30 
$ 
2,510,000.00 
$ 
-$ 
71,821.88 
$ 
205,143.75 
05/01/31 
$ 
2,510,000.00 
$ 
65,000.00 
$ 
71,821.88 
$ 
11/
01/31 
$ 
2,510,000.00 
$ 
-$ 
70,196.88 
$ 
207,018.75 
05/01/32 
$ 
2,510,000.00 
$ 
70,000.00 
$ 
70,196.88 
$ 
11/
01/32 
$ 
2,510,000.00 
$ 
-$ 
68,446.88 
$ 
208,643.75 
05/01/33 
$ 
2,510,000.00 
$ 
70,000.00 
$ 
68,446.88 
$ 
11/
01/33 
$ 
2,440,000.00 
$ 
-$ 
66,565.63 
$ 
205,012.50 
05/01/34 
$ 
2,440,000.00 
$ 
75,000.00 
$ 
66,565.63 
$ 
11/
01/34 
$ 
2,365,000.00 
$ 
-$ 
64,550.00 
$ 
206,115.63 
05/01/35 
$ 
2,365,000.00 
$ 
80,000.00 
$ 
64,550.00 
$ 
11/
01/35 
$ 
2,285,000.00 
$ 
-$ 
62,400.00 
$ 
206,950.00 
05/01/36 
$ 
2,285,000.00 
$ 
85,000.00 
$ 
62,400.00 
$ 
11/
01/36 
$ 
2,200,000.00 
$ 
-$ 
60,115.63 
$ 
207,515.63 
05/01/37 
$ 
2,200,000.00 
$ 
90,000.00 
$ 
60,115.63 
$ 
11/
01/37 
$ 
2,110,000.00 
$ 
-$ 
57,696.88 
$ 
207,812.50 
05/01/38 
$ 
2,110,000.00 
$ 
95,000.00 
$ 
57,696.88 
$ 
11/
01/38 
$ 
2,015,000.00 
$ 
-$ 
55,143.75 
$ 
207,840.63 
05/01/39 
$ 
2,015,000.00 
$ 
100,000.00 
$ 
55,143.75 
$ 
11/
01/39 
$ 
1,915,000.00 
$ 
-$ 
52,456.25 
$ 
207,600.00 
05/01/40 
$ 
1,700,000.00 
$ 
105,000.00 
$ 
52,456.25 
$ 
11/
01/40 
$ 
1,585,000.00 
$ 
-$ 
49,634.38 
$ 
207,090.63 
05/01/41 
$ 
1,585,000.00 
$ 
110,000.00 
$ 
49,634.38 
$ 
11/
01/41 
$ 
1,585,000.00 
$ 
-$ 
46,678.13 
$ 
206,312.50 
05/01/42 
$ 
1,585,000.00 
$ 
115,000.00 
$ 
46,678.13 
$ 
11/
01/42 
$ 
1,585,000.00 
$ 
-$ 
43,587.50 
$ 
205,265.63 
05/01/43 
$ 
1,585,000.00 
$ 
125,000.00 
$ 
43,587.50 
$ 
11/
01/43 
$ 
1,460,000.00 
$ 
-$ 
40,150.00 
$ 
208,737.50 


12

Forest 
Lake 


Community 
Development 
District 


Series 
2022 
Special 
Assessment 
Bonds 


Amortization 
Schedule 


DateBalancePrinicpalInterestTotal
05/01/44 
$ 
1,460,000.00 
$ 
130,000.00 
$ 
40,150.00 
$ 
11/
01/44 
$ 
1,330,000.00 
$ 
-$ 
36,575.00 
$ 
206,725.00 
05/01/45 
$ 
1,330,000.00 
$ 
135,000.00 
$ 
36,575.00 
$ 
11/
01/45 
$ 
1,195,000.00 
$ 
-$ 
32,862.50 
$ 
204,437.50 
05/01/46 
$ 
1,195,000.00 
$ 
145,000.00 
$ 
32,862.50 
$ 
11/
01/46 
$ 
1,050,000.00 
$ 
-$ 
28,875.00 
$ 
206,737.50 
05/01/47 
$ 
1,050,000.00 
$ 
150,000.00 
$ 
28,875.00 
$ 
11/
01/47 
$ 
900,000.00 
$ 
-$ 
24,750.00 
$ 
203,625.00 
05/01/48 
$ 
900,000.00 
$ 
160,000.00 
$ 
24,750.00 
$ 
11/
01/48 
$ 
740,000.00 
$ 
-$ 
20,350.00 
$ 
205,100.00 
05/01/49 
$ 
740,000.00 
$ 
170,000.00 
$ 
20,350.00 
$ 
11/
01/49 
$ 
570,000.00 
$ 
-$ 
15,675.00 
$ 
206,025.00 
05/01/50 
$ 
570,000.00 
$ 
180,000.00 
$ 
15,675.00 
$ 



11/1/50 
$ 
390,000.00 
$ 
-$ 
10,725.00 
$ 
206,400.00 
5/1/51 
$ 
390,000.00 
$ 
190,000.00 
$ 
10,725.00 
$ 
11/
1/51 
$ 
200,000.00 
$ 
-$ 
5,500.00 
$ 
206,225.00 


5/1/52 
$ 
200,000.00 
$ 
200,000.00 
$ 
5,500.00 
$ 
205,500.00 


$ 
3,020,000 
$ 
3,052,231 
$ 
6,072,231 


13

Forest 
Lake 


Community 
DevelopmentDistrict 
Proposed 
Budget 
Capital 
Reserve 
Fund 


AdoptedActualsProjectedTotalProposedBudgetThruNextThruBudget 
FY20233/31/236 Months9/30/23FY2024
Revenues 
CarryForwardSurplus 
Total 
Revenues 
$ 
$ 
3,000 
3,000 
$ 
$ 
-
-
$ 
$ 
-
-
$ 
$ 
-
-
$ 
$ 
-
-
Expenditures 
CapitalOutlay 
Total 
Expenditures 
$ 
$ 
-
-
$ 
$ 
-
-
$ 
$ 
-
-
$ 
$ 
-
-
$ 
$ 
-
-
Other 
Financing 
Sources/(Uses) 
TransferIn/(Out) 
Total 
Other 
Financing 
Sources/(Uses) 
$ 
$ 
5,000 
5,000 
$ 
$ 
-
-
$ 
$ 
-
-
$ 
$ 
-
-
$ 
$ 
100,000 
100,000 
Excess 
Revenues/(Expenditures) 
$ 
8,000 
$ 
-$ 
-$ 
-$ 
100,000 


14