Bridgewalk
Community Development District

Proposed Budget FY2027

Table of Contents

1-3	General Fund	

4-10	

General Fund Narrative	

11	

Debt Service Fund Series 2022	

12	

Amortization Schedule Series 2022	

13	

Debt Service Fund Series 2023	

14	

Amortization Schedule Series 2023	

Community Development District Proposed Budget
FY2027
General Fund

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
FY2026	4/30/26	5 Months	9/30/26	FY2027	

Revenues:		
Special Assessments	$	491,473	$	490,342	$	1,180	$	491,522	$	695,222	
Interest	12,000	9,807	6,150	15,957	12,000	
Carry Forward Surplus	55,793	56,823	-	56,823	9,725	
Total Revenues	$	559,266	$	556,973	$	7,330	$	564,302	$	716,947	

Expenditures:						
Administrative:						
Supervisor Fees	$	12,000	$	2,600	$	5,000	$	7,600	$	12,000	
FICA Expense	918	199	383	581	918	
Engineering Fees	9,500	-	4,750	4,750	9,500	
Attorney	25,000	4,974	7,526	12,500	25,000	
Arbitrage	900	900	-	900	1,350	
Dissemination	7,571	4,416	3,155	7,571	11,298	
Dissemination - DTS	1,500	750	-	750	1,500	
Annual Audit	4,600	3,200	-	3,200	3,300	
Trustee Fees	8,869	8,701	-	8,701	13,350	
Assessment Administration	5,732	5,732	-	5,732	5,904	
Management Fees	41,200	24,033	17,167	41,200	42,436	
Information Technology	1,947	1,136	811	1,947	2,005	
Website Maintenance	1,298	757	541	1,298	1,337	
Telephone	300	-	50	50	300	
Postage	500	67	433	500	500	
Printing & Binding	250	75	175	250	250	
Insurance	7,196	6,309	-	6,309	6,940	
Legal Advertising	2,500	677	1,823	2,500	2,500	
Other Current Charges	600	344	250	594	600	
Office Supplies	250	1	249	250	250	
Property Appraiser Fee	400	475	-	475	400	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Total Administrative:	$	133,206	$	65,523	$	42,311	$	107,834	$	141,813	

Community Development District Proposed Budget
FY2027
General Fund

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
FY2026	4/30/26	5 Months	9/30/26	FY2027	

Operations & Maintenance		
Field Services	$	17,196	$	10,031	$	7,165	$	17,196	$	17,712	
Property Insurance	2,299	1,809	-	1,809	2,299	
Electric	2,400	254	225	479	2,400	
Streetlights	154,350	89,938	69,000	158,938	175,825	
Water & Sewer	88,895	51,890	53,250	105,140	120,000	
Landscape Maintenance	119,880	69,930	49,950	119,880	123,460	
Landscape Contingency	10,000	12,617	4,336	16,954	10,000	
Lake Maintenance	6,720	4,913	2,045	6,958	7,392	
Lake Contingency	-	-	-	-	15,750	
Irrigation Repairs	15,000	3,665	3,835	7,500	15,000	
Janitorial Services	4,320	-	-	-	4,560	
Repairs & Maintenance	2,500	1,170	830	2,000	2,500	
Contingency	2,500	-	1,250	1,250	2,500	
Springhead Lake South						
Landscape Maintenance	$	-	$	-	$	-	$	-	$	55,480	
Lake Maintenance	-	-	8,640	8,640	17,280	
Springhead Lake North						
Lake Maintenance	$	-	$	-	$	-	$	-	$	2,976	
Total Operations & Maintenance:	$	426,060	$	246,217	$	200,526	$	446,743	$	575,134	
						
Total Expenditures	$	559,266	$	311,740	$	242,837	$	554,577	$	716,947	
						
Excess Revenues (Expenditures)	$	-	$	245,233	$	(235,507)	$	9,725	$	-	

Net Assessment	$	695,222	
Collection Cost (6%)	$44,376	
Gross Assessment	$739,598	

Community Development District

Gross Per Unit Assessment Comparison Chart

	FY2027		
Property Type	Platted Units	Gross Per Unit	Gross Total	
Townhome 25'	197	$560	$110,396	
Single Family 40'	148	$897	$132,699	
Single Family 50'	299	$1,121	$335,111	
Single Family 60'	120	$1,345	$161,391	
Total	764		$739,598	
	
FY2026			
Property Type	Platted Units	Gross Per Unit	Gross Total	
Townhome 25'	117	$560	$65,566	
Single Family 40'	87	$897	$78,006	
Single Family 50'	222	$1,121	$248,813	
Single Family 60'	97	$1,345	$130,458	
Total	523		$522,843	

Property Type	FY2026	FY2027	Increase/(Decrease)	
Townhome 25'	$560	$560	($0)	
Single Family 40'	$897	$897	($0)	
Single Family 50'	$1,121	$1,121	($0)	
Single Family 60'	$1,345	$1,345	($0)	

REVENUES:

Special Assessments

The District will levy a non-ad valorem special assessment on all the assessable property within the District in order to fund all operating and maintenance expenditures during the fiscal year.

Interest

The District will invest surplus funds with State Board of Administration.

EXPENDITURES:

Administrative:

Supervisor Fees

Chapter 190 of the Florida Statutes, allows for each member of the Board of Supervisors to be compensated $200 per meeting, not to exceed $4,800 per year to each Supervisor for the time devoted to District business and meetings. Amount is based on 5 supervisors attending 12 meetings during the fiscal year.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisor checks.

Engineering Fees

The District's engineer, Osceola Engineering, Inc., will be providing general engineering services to the District, e.g. attendance and preparation for board meetings, review of invoices, preparation and review of contract specifications and bid documents, and various projects assigned as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, Latham, Luna. Eden & Beaudine, LLP, will be providing general legal services to the District, e.g. attendance and preparation for board meetings, preparation and review of agreements and resolutions, and other research as directed by the Board of Supervisors and the District Manager.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2022 Special Assessment Bonds, Assessment Area One Project and Series 2023 Special Assessment Bonds, Assessment Area Two Project. The District anticipates a new bond issuance in FY2026. The District has contracted with AMTEC Corporation for this service.

Bond Series	Annual	
2022 Special Assessment	$450
2023 Special Assessment	$450
2026 Special Assessment (Upcoming Issuance)	$450	
Total	$1,350	

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. The District has contracted with Governmental Management Services-Central Florida, LLC for this service on the Series 2022 Special Assessment Bonds, Assessment Area One Project and the Series 2023 Special Assessment Bonds, Assessment Area Two Project. The District anticipates a new bond issuance in FY2026.

Dissemination - DTS

The District has contracted with Dissemination Technical Services (DTS) to utilize their software to meet the bond reporting requirements in the Continuing Disclosure Agreement(s) for each bond series issued by the District.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District has contracted with Grau & Associates for this service.

Trustee Fees

The District will pay annual trustee fees for the Series 2022 Special Assessment Bonds, Assessment Area One Project and the Series 2023 Special Assessment Bonds, Assessment Area Two Project that are located with a trustee at USBank. The District anticipates a new bond issuance in FY2026.

Assessment Administration

The District will contract with Governmental Management Services-Central Florida, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Management Fees

The District has contracted with Governmental Management Services-Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, budget preparation, all financial reporting, annual audit, etc.

Information Technology

The District has contracted with Governmental Management Services-Central Florida, LLC for 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.

Website Maintenance

The District has contracted with Governmental Management Services-Central Florida, LLC for the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statues. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone

Telephone and fax machine.

Postage

The District incurs charges for mailing of agenda packages, overnight deliveries, checks for vendors and other required correspondence.

Printing & Binding

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

Insurance

The District’s general liability and public officials liability insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Legal Advertising

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

Other Current Charges

Represents any miscellaneous expenses incurred during the fiscal year such as bank fees, deposit slips, stop payments, etc.

Office Supplies

The District incurs charges for office supplies that need to be purchased during the fiscal year.

Property Appraiser Fee

Represents an annual fee charged by Osceola County Property Appraiser’s office for assessment administration services.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Commerce for $175. This is the only expense under this category for the District.

Operations & Maintenance:

Field Services

Provide onsite field management of contracts for the District such as landscape and lake maintenance. Services to include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Property Insurance

Represents estimated costs for the annual coverage of property insurance. Coverage will be provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Electric

Represents cost of electric services for areas within the District. Areas include entrance lights, irrigation, etc. District currently has one account with Orlando Utilities Commission.

Account #	Description	Monthly	Annual	
02130 28116	56791 Cyrils Drive
Contingency - (Future Accounts)	$50	$600
$1,800	
Total			$2,400	

Streetlights

Represents costs for streetlights maintained with the District. The District currently has one account with Orlando Utilities Commission.

Account #	Description	Monthly	Annual	
02130 28116	71 - 20' Streetlights & 37 - 27" Streetlights	$6,000	$72,000	
	Phase 2A/B - Streetlights	$1,325	$15,900	
TBD	Phase 2C - Streetlights	$6,550	$78,600	
	Contingency		$9,325	
Total			$175,825	

Water & Sewer

Represents costs for reclaimed water for areas maintained by the District. The District currently has the following accounts with Toho Water Authority.

Account #	Description	Monthly	Annual	
002702083-033330659	2900 Addison Boulevard Odd	$2,675	$32,100	
002702083-033330679	5600 Quiet Palm Loop Even	$75	$900	
002702083-033330709	3100 Addison Boulevard Even	$730	$8,760	
002702083-033503511	5600 Even Stephens Road RM	$500	$6,000	
	3000 Even Park Vale Road Dog			
002702083-033504151	Station	$10	$120	
002825888-033510351	3100 Odd Addison Boulevard RM	$245	$2,940	
002825888-033510361	3100 ODD Zuni Road RM	$5,250	$63,000	
	Contingency		$6,180	
Total			$120,000	

Landscape Maintenance

The District will maintain the landscaping within the common areas of the District after installation of landscape material has been completed. The District has contracted with United Land Services for this service.

Description	Monthly	Annual	
Landscape Maintenance			
Phase 1A & 1B	$7,990	$95,880	
Phase 2C	$2,298	$27,580	
Total		$123,460	

Landscape Contingency

Represents estimated costs for any additional landscape expenses such as installation of annual plant replacement, mulch, tree replacement and any other landscape expenses not covered under the monthly landscape contract.

Lake Maintenance

Represents costs for maintenance of ponds located within the District. The District has contracted with Applied Aquatic Management, Inc. for these services.

Description	Monthly	Annual	
Pond Maintenance			
North, South & East Shoreline	$342	$4,104	
Stormwater Retention Ponds PH2C Tract 8	$79	$948	
Stormwater Retention Ponds PH2C Tract 9	$195	$2,340	
Total		$7,392	

Irrigation Repairs

Represents estimated costs for any supplies and repairs to the irrigation system maintained by the District.

Janitorial Services

Represents estimated costs for janitorial services for one public restroom. Amount is based on proposal by Clean Star Services of Central Florida, Inc.

Description	Monthly	Annual	
Janitorial Services - 3x Per Week	$380	$4,560	
Total		$4,560	

Repairs & Maintenance

Represents estimated costs for any repairs and maintenance to common areas maintained by the District.

Contingency

Represents any additional field expense that may not have been provided for in the budget. Springhead Lake South
Landscape Maintenance

Represents estimated cost for the monthly landscape maintenance. Amount based on quote by United Land Services for this service.

Description	Monthly	Annual	
Landscape Maintenance - Springhead South	$4,623	$55,480	
Total		$55,480	

Lake Maintenance

Represents estimated cost for the monthly pond maintenance. Amount based on proposal by Applied Aquatic Management, Inc. for this service.

Description	Monthly	Annual	
Pond Maintenance - Springhead South			
Pond #2	$630	$7,560	
Pond #3	$360	$4,320	
Pond #4	$45	$540	
Pond #5	$90	$1,080	
Pond #6	$270	$3,240	
Pond #7	$45	$540	
Total		$17,280	

Springhead Lake North

Lake Maintenance

Represents estimated cost for the monthly pond maintenance. Amount based on proposal by Applied Aquatic Management, Inc. for this service.

Description	Monthly	Annual	
Pond Maintenance - Springhead North	$248	$2,976	
Total		$2,976	

Bridgewalk
Community Development District Proposed Budget
FY2027
Debt Service Fund Series 2022

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
FY2026	4/30/26	5 Months	9/30/26	FY2027	

Revenues:		
Special Assessments	$	246,900	$	246,574	$	593	$	247,167	$	246,900	
Interest	11,500	6,091	4,150	10,241	8,000	
Carry Forward Surplus	111,591	112,781	-	112,781	118,850	
Total Revenues	$	369,991	$	365,446	$	4,743	$	370,189	$	373,750	

Expenditures:						
Series 2022
Interest - 12/15	

$	73,719	

$	73,719	

$	-	

$	73,719	

$	72,469	
Principal - 06/15	100,000	-	100,000	100,000	100,000	
Interest - 06/15	73,719	-	73,719	73,719	72,469	
Total Expenditures	$	247,438	$	73,719	$	173,719	$	247,438	$	244,938	

Other Sources/(Uses)						
Transfer In/(Out)	$	(4,500)	$	(2,401)	$	(1,500)	$	(3,901)	$	(3,600)	
Total Other Financing Sources (Uses)	$	(4,500)	$	(2,401)	$	(1,500)	$	(3,901)	$	(3,600)	
						
Excess Revenues (Expenditures)	$	118,054	$	289,325	$	(170,475)	$	118,850	$	125,213	

Interest - 12/15/2027	

$71,219	
				Total	$71,219	
				
Net Assessment	
$246,899	
				Collection Cost (6%)	$15,760	
				Gross Assessment	$262,659	
						
		Property Type	Units	Gross Per Unit	Gross Total	
		Townhome 25'	117	$712	$83,282	
		Single Family 40'	54	$1,139	$61,501	
		Single Family 50'	48	$1,424	$68,334	
		Single Family 60'	29	$1,708	$49,542	
		Total	248		$262,659	

Bridgewalk
Series 2022, Special Assessment Bonds Assessment Area One Project
(Term Bonds Combined)

Amortization Schedule

Date	Balance		Principal		Interest		Annual	

6/15/26	
$  4,160,000	
$	
100,000	
$	
73,718.75	
$	
-	
12/15/26	$  4,060,000	$	-	$	72,468.75	$	246,187.50	
6/15/27	$  4,060,000	$	100,000	$	72,468.75	$	-	
12/15/27	$  3,960,000	$	-	$	71,218.75	$	243,687.50	
6/15/28	$  3,960,000	$	105,000	$	71,218.75	$	-	
12/15/28	$  3,855,000	$	-	$	69,643.75	$	245,862.50	
6/15/29	$  3,855,000	$	105,000	$	69,643.75	$	-	
12/15/29	$  3,750,000	$	-	$	68,068.75	$	242,712.50	
6/15/30	$  3,750,000	$	110,000	$	68,068.75	$	-	
12/15/30	$  3,640,000	$	-	$	66,418.75	$	244,487.50	
6/15/31	$  3,640,000	$	115,000	$	66,418.75	$	-	
12/15/31	$  3,525,000	$	-	$	64,693.75	$	246,112.50	
6/15/32	$  3,525,000	$	115,000	$	64,693.75	$	-	
12/15/32	$  3,410,000	$	-	$	62,968.75	$	242,662.50	
6/15/33	$  3,410,000	$	120,000	$	62,968.75	$	-	
12/15/33	$  3,290,000	$	-	$	61,018.75	$	243,987.50	
6/15/34	$  3,290,000	$	125,000	$	61,018.75	$	-	
12/15/34	$  3,165,000	$	-	$	58,987.50	$	245,006.25	
6/15/35	$  3,165,000	$	130,000	$	58,987.50	$	-	
12/15/35	$  3,035,000	$	-	$	56,875.00	$	245,862.50	
6/15/36	$  3,035,000	$	135,000	$	56,875.00	$	-	
12/15/36	$  2,900,000	$	-	$	54,681.25	$	246,556.25	
6/15/37	$  2,900,000	$	135,000	$	54,681.25	$	-	
12/15/37	$  2,765,000	$	-	$	52,487.50	$	242,168.75	
6/15/38	$  2,765,000	$	140,000	$	52,487.50	$	-	
12/15/38	$  2,625,000	$	-	$	50,212.50	$	242,700.00	
6/15/39	$  2,625,000	$	145,000	$	50,212.50	$	-	
12/15/39	$  2,480,000	$	-	$	47,856.25	$	243,068.75	
6/15/40	$  2,480,000	$	150,000	$	47,856.25	$	-	
12/15/40	$  2,330,000	$	-	$	45,418.75	$	243,275.00	
6/15/41	$  2,330,000	$	155,000	$	45,418.75	$	-	
12/15/41	$  2,175,000	$	-	$	42,900.00	$	243,318.75	
6/15/42	$  2,175,000	$	160,000	$	42,900.00	$	-	
12/15/42	$  2,015,000	$	-	$	40,300.00	$	243,200.00	
6/15/43	$  2,015,000	$	165,000	$	40,300.00	$	-	
12/15/43	$  1,850,000	$	-	$	37,000.00	$	242,300.00	
6/15/44	$  1,850,000	$	175,000	$	37,000.00	$	-	
12/15/44	$  1,675,000	$	-	$	33,500.00	$	245,500.00	
6/15/45	$  1,675,000	$	180,000	$	33,500.00	$	-	
12/15/45	$  1,495,000	$	-	$	29,900.00	$	243,400.00	
6/15/46	$  1,495,000	$	190,000	$	29,900.00	$	-	
12/15/46	$  1,305,000	$	-	$	26,100.00	$	246,000.00	
6/15/47	$  1,305,000	$	195,000	$	26,100.00	$	-	
12/15/47	$  1,110,000	$	-	$	22,200.00	$	243,300.00	
6/15/48	$  1,110,000	$	205,000	$	22,200.00	$	-	
12/15/48	$	905,000	$	-	$	18,100.00	$	245,300.00	
6/15/49	$	905,000	$	215,000	$	18,100.00	$	-	
12/15/49	$	690,000	$	-	$	13,800.00	$	246,900.00	
6/15/50	$	690,000	$	220,000	$	13,800.00	$	-	
12/15/50	$	470,000	$	-	$	9,400.00	$	243,200.00	
6/15/51	$	470,000	$	230,000	$	9,400.00	$	-	
12/15/51	$	240,000	$	-	$	4,800.00	$	244,200.00	
6/15/52	$	240,000	$	240,000	$	4,800.00	$	244,800.00	
Totals		$	4,160,000	$	2,435,756.25	$	6,595,756.25	

Bridgewalk
Community Development District Proposed Budget
FY2027
Debt Service Fund Series 2023

Proposed
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
FY2026	4/30/26	5 Months	9/30/26	FY2027	

Revenues:		
Special Assessments	$	377,387	$	376,481	$	906	$	377,387	$	377,387	
Interest	12,000	9,593	6,550	16,143	12,000	
Carry Forward Surplus*	236,519	234,558	-	234,558	249,851	
Total Revenues	$	625,906	$	620,632	$	7,456	$	628,088	$	639,238	

Expenditures:						
Series 2023
Interest - 12/15	

$	154,469	

$	154,469	

$	-	

$	154,469	

$	152,681	
Principal - 12/15	65,000	65,000	-	65,000	70,000	
Interest - 06/15	152,681	-	152,681	152,681	150,756	
Total Expenditures	$	372,150	$	219,469	$	152,681	$	372,150	$	373,438	

Other Sources/(Uses)						
Transfer In/(Out)	$	(5,000)	$	(3,587)	$	(2,500)	$	(6,087)	$	(5,000)	
Total Other Financing Sources (Uses)	$	(5,000)	$	(3,587)	$	(2,500)	$	(6,087)	$	(5,000)	
						
Excess Revenues (Expenditures)	$	248,756	$	397,576	$	(147,725)	$	249,851	$	260,800	

*Less Reserve amount.				

Principal - 12/15/2027	

$75,000	
				Interest - 12/15/2027	$150,756	
				Total	$225,756	
				
Net Assessment	
$377,387	
				Collection Cost (6%)	$24,089	
				Gross Assessment	$401,475	
						
		Property Type	Units	Gross Per Unit	Gross Total	
		Single Family 40'	33	$1,139	$37,585	
		Single Family 50'	174	$1,424	$247,719	
		Single Family 60'	68	$1,708	$116,172	
		Total	275		$401,475	

Bridgewalk Community Development District Series 2023, Special Assessment Bonds (Term Bonds Combined)

Amortization Schedule

Date	Balance	Principal	Interest	Annual	

6/15/26	
$	4,825,000	
$	-	
$	152,681  $	
-	
12/15/26	$	4,825,000	$	70,000	$	152,681  $	222,681	
6/15/27	$	4,755,000	$	-	$	150,756  $	-	
12/15/27	$	4,755,000	$	75,000	$	150,756  $	225,756	
6/15/28	$	4,680,000	$	-	$	148,694  $	-	
12/15/28	$	4,680,000	$	80,000	$	148,694  $	228,694	
6/15/29	$	4,600,000	$	-	$	146,494  $	-	
12/15/29	$	4,600,000	$	80,000	$	146,494  $	372,988	
6/15/30	$	4,520,000	$	-	$	144,294  $	-	
12/15/30	$	4,520,000	$	85,000	$	144,294  $	373,588	
6/15/31	$	4,435,000	$	-	$	141,956  $	-	
12/15/31	$	4,435,000	$	90,000	$	141,956  $	373,913	
6/15/32	$	4,345,000	$	-	$	139,144  $	-	
12/15/32	$	4,345,000	$	95,000	$	139,144  $	373,288	
6/15/33	$	4,250,000	$	-	$	136,175  $	-	
12/15/33	$	4,250,000	$	105,000	$	136,175  $	377,350	
6/15/34	$	4,145,000	$	-	$	132,894  $	-	
12/15/34	$	4,145,000	$	110,000	$	132,894  $	375,788	
6/15/35	$	4,035,000	$	-	$	129,456  $	-	
12/15/35	$	4,035,000	$	115,000	$	129,456  $	373,913	
6/15/36	$	3,920,000	$	-	$	125,863  $	-	
12/15/36	$	3,920,000	$	125,000	$	125,863  $	376,725	
6/15/37	$	3,795,000	$	-	$	121,956  $	-	
12/15/37	$	3,795,000	$	130,000	$	121,956  $	373,913	
6/15/38	$	3,665,000	$	-	$	117,894  $	-	
12/15/38	$	3,665,000	$	140,000	$	117,894  $	375,788	
6/15/39	$	3,525,000	$	-	$	113,519  $	-	
12/15/39	$	3,525,000	$	150,000	$	113,519  $	377,038	
6/15/40	$	3,375,000	$	-	$	108,831  $	-	
12/15/40	$	3,375,000	$	155,000	$	108,831  $	372,663	
6/15/41	$	3,220,000	$	-	$	103,988  $	-	
12/15/41	$	3,220,000	$	165,000	$	103,988  $	372,975	
6/15/42	$	3,055,000	$	-	$	98,831  $	-	
12/15/42	$	3,055,000	$	175,000	$	98,831  $	372,663	
6/15/43	$	2,880,000	$	-	$	93,363  $	-	
12/15/43	$	2,880,000	$	190,000	$	93,363  $	376,725	
6/15/44	$	2,690,000	$	-	$	87,425  $	-	
12/15/44	$	2,690,000	$	200,000	$	87,425  $	374,850	
6/15/45	$	2,490,000	$	-	$	80,925  $	-	
12/15/45	$	2,490,000	$	215,000	$	80,925  $	376,850	
6/15/46	$	2,275,000	$	-	$	73,938  $	-	
12/15/46	$	2,275,000	$	225,000	$	73,938  $	372,875	
6/15/47	$	2,050,000	$	-	$	66,625  $	-	
12/15/47	$	2,050,000	$	240,000	$	66,625  $	373,250	
6/15/48	$	1,810,000	$	-	$	58,825  $	-	
12/15/48	$	1,810,000	$	255,000	$	58,825  $	372,650	
6/15/49	$	1,555,000	$	-	$	50,538  $	-	
12/15/49	$	1,555,000	$	275,000	$	50,538  $	376,075	
6/15/50	$	1,280,000	$	-	$	41,600  $	-	
12/15/50	$	1,280,000	$	290,000	$	41,600  $	373,200	
6/15/51	$	990,000	$	-	$	32,175  $	-	
12/15/51	$	990,000	$	310,000	$	32,175  $	374,350	
6/15/52	$	680,000	$	-	$	22,100  $	-	
12/15/52	$	680,000	$	330,000	$	22,100  $	374,200	
6/15/53	$	350,000	$	-	$	11,375  $	-	
12/15/53	$	350,000	$	350,000	$	11,375  $	372,750	
Totals		$ 4,825,000	$ 5,664,625  $ 10,489,625