Old Hickory Community Development District Adopted Budget FY2025 1-2 3-7 8 9 10 Table of Contents General Fund General Fund Narrative Amortization Schedule Series 2020 Debt Service Fund Series 2020 Capital Reserve Fund Old Hickory Community Development District Adopted Budget FY2025 General Fund Adopted Actual FBYu2d0g2e4t 7/T3h1r/u24 2Pr MoNjoeenxctttehds 9Pr/To3jo0etac/tl2e4d AFBYduo2dp0gt2ee5td Revenues: ISCnpaterercryiea Fslt oArswseasrsdm Seunrtpslus $$$ 4 5 1 , 7 3 0 -- $$$ 4 15 13 ,, 22 81 08 - $$$ 2 , 4 0 -- $$$ 4 15 33 ,, 26 18 08 - $$$ 4 175121,,,017035000 Total Revenues $ 451,730 $ 464,498 $ 2,400 $ 466,898 $ 534,880 Expenditures: Administrative: Supervisor Fees 12,000 $ 4,800 $ 1,600 $ 6,400 $ 12,000 $ FICA Expense 918 $ 367 $ 122 $ 490 $ 918 $ Engineering Fees 12,000 $ 1,947 $ 1,053 $ 3,000 $ 12,000 $ Attorney 25,000 $ 2,676 $ 2,324 $ 5,000 $ 25,000 $ Arbitrage 450 $ 450 $ - $ 450 $ 450 $ Dissemination 3,500 $ 2,917 $ 583 $ 3,500 $ 3,675 $ Annual Audit 5,100 $ 4,600 $ - $ 4,600 $ 4,700 $ Trustee Fees 4,050 $ 4,041 $ - $ 4,041 $ 4,050 $ Assessment Administration 5,300 $ 5,300 $ - $ 5,300 $ 5,565 $ Management Fees 38,955 $ 32,463 $ 6,493 $ 38,955 $ 42,500 $ Information Technology 1,800 $ 1,500 $ 300 $ 1,800 $ 1,890 $ Website Maintenance 1,200 $ 1,000 $ 200 $ 1,200 $ 1,260 $ Telephone 50 $ - $ 25 $ 25 $ 50 $ Postage 1,000 $ 106 $ 44 $ 150 $ 1,000 $ Printing & Binding 500 $ 30 $ 20 $ 50 $ 500 $ Insurance 6,210 $ 5,843 $ - $ 5,843 $ 6,427 $ Legal Advertising 2,500 $ 523 $ 1,977 $ 2,500 $ 2,500 $ Other Current Charges 600 $ 455 $ 112 $ 567 $ 600 $ Office Supplies 150 $ 17 $ 8 $ 25 $ 150 $ Property Appraiser Fee 500 $ 221 $ - $ 221 $ 500 $ Dues, Licenses & Subscriptions 175 $ 175 $ - $ 175 $ 175 $ Total Administrative: 121,958 $ 69,430 $ 14,861 $ 84,291 $ 125,910 $ Operations & Maintenance Field Services 16,695 $ 13,913 $ 2,783 $ 16,695 $ 16,695 $ Property Insurance 2,500 $ 2,244 $ - $ 2,244 $ 2,536 $ Electric 1,500 $ 283 $ 57 $ 340 $ 1,500 $ Streetlights 101,430 $ 75,328 $ 15,142 $ 90,470 $ 101,430 $ Water & Sewer 24,940 $ 19,981 $ 3,000 $ 22,981 $ 28,512 $ Landscape Maintenance 142,393 $ 107,336 $ 23,124 $ 130,460 $ 143,327 $ Landscape Contingency 7,500 $ - $ 3,750 $ 3,750 $ 7,500 $ Lake Maintenance 16,464 $ 13,340 $ 2,668 $ 16,008 $ 16,958 $ Irrigation Repairs 7,500 $ 7,830 $ 500 $ 8,330 $ 10,000 $ Repairs & Maintenance 2,500 $ 1,860 $ 640 $ 2,500 $ 2,500 $ Walls, Entry & Monuments 2,500 $ - $ 625 $ 625 $ 2,500 $ Contingency 3,850 $ - $ 963 $ 963 $ 3,850 $ Total Operations & Maintenance: 329,772 $ 242,115 $ 53,251 $ 295,366 $ 337,308 $ Reserves Capital Reserve Transfer - $ - $ - $ - $ 71,662 $ Total Reserves - $ - $ - $ - $ 71,662 $ Total Expenditures 451,730 $ 311,544 $ 68,112 $ 379,656 $ 534,880 $ Excess Revenues (Expenditures) - $ 152,954 $ (65,712) $ 87,242 $ - $ Net Assessment $451,730 Collection Cost (6%) $28,834 Gross Assessment $480,564 1 Property Type Units Gross Per Unit Total Gross 5600'' LLoottss 127738 $$11,,006666 $$128909,,686968 Total 451 $480,563.83 Fiscal Year 2024 Increase Fiscal Year 2025 Fiscal Year 2025 Property Type Units Gross Per Unit % Increase Gross Per Unit Gross Per Unit Total Gross 50' Lots 273 $1,066 0% $0 $1,066 $290,896 60' Lots 178 $1,066 0% $0 $1,066 $189,668 Total 451 Gross Assessment $480,563.83 Old Hickory Community Development District Gross Per Unit Assessment Comparison Chart 2 Old Hickory Community Development District GENERAL FUND BUDGET REVENUES: D STphiseetc rDiiacilst Atirnsis coetrs wsdmeilrel ntloetsv p ya ay nfoorn t-haed ovpaelorraetimng s epxepcieanl daistsuersessm deunritn ogn t halel ftihsec aals yseeasrs.m ent property within the I Tnhtee rDeisstt rict generates funds from invested funds. EXPENDITURES: Administrative: SeC Tuxhhcpaeeep aertmdvei r$so o4u1r,n98 Ft00 ei,0 esF spb loearrs ieyddea ao rSn tp a5at iusdut etpose, eravaliclsohow Srsus paftoetrrev neidsaoicnrh gf o B1ro2 ta hmrede temimtienemg dsbe devruo rttieond gr t etohc Deei ifvsiestr ci$ac2lt 0ybe0ua spri.ne re sms aenetdi nmge, entoint gtso. SRFuIeCppAer erEvsxeipsnoetnrs s ceth heec kEsm. ployer’s share of Social Security and Medicare taxes withheld from Board of Engineering Fees sdp Teirhrreeevp ciaDctreeiasdstt tirbooiycn t tt h'ahsen e ed DBn irogseativnrriiedece two,r f,e o S.Mgfu .c apaodetntdretverninasdc,o atMr nsscpo aeeon cradihnf eitdcha apedt r iDoe&inps saSt rrtaiaonctktdi eoM bsn,ai dfnLo adLrgoC mec.,ru o.w mnitelhln lybts eb a opnardro dvv aimdriieoneugts in gpgersno,e jrereacvtl isee awnsg siiinngvenoeeirdcie nasgs, Attorney MsoTefha raenvg iarDcgeeieessrtm tr. oiec ntth’tsse , l Dreeigssatolr liuccotti,u oenn.gss.e aal,nt tLdea notdthhaaenmrc ,er e Lasunendaa rp,c rhEe dpaesa nrda it&rieo cBnte efaodur b dmyi nothen,et hLBlLoyP am,r dwe eoitlfli nSbguesp , epprrrvoeivpsioadrrisan tagino gdne tanhneedr Da rlei svlteiregiwcatl A TD Drhiissbetti rrtDiirccaittsg’ thser a Aicsrt cb woitnirltalr gcaeoc tnRetedrba wacttie twh L iAitahMb iaTlinEt yCi n oCdnoe rtphpeeon rSdaeetrinoietn sc f2eor0rt 2itfh0iei Ssd ps peecurivbaillci eAc .s a scecsosumnetannt tB toon dans n(2u0al2ly0 Pcarlocjuelcatt)e. Tthhee 3 Old Hickory Community Development District GENERAL FUND BUDGET cw 2TDo0hihsn2esitc 0eDrhm aSi cspirntteereaicdlctai itawto elin sisAt hrset sGoqe ousvasirmdeerdednin tmbitoy eBn ntoahtnlae dl rS Msee p(ca2oun0rra2tigti0nye mgPa nrerodnej teqE Scuxteic)rrh.ev aminceegsne- tCCseo nmfotrmra ilus Fsnlirooarnti detdoa, cLboLomCn pdfol yri swthsiuitshe ss Re. ruTvleihc e1e 5 oDcn2i st-th1re2ic (Stbe )rh(i5aess) oATnnh nea unda iasl ntArnuicudtai tils b raesqisu.i Trehde bDyi sFtlroicrtid haa Ss tcaotnuttreasc ttoe da rwraitnhg Ge rfoaur a&n A inssdoecpieantedse fnotr a tuhdisi ts oefr vitisc efi.n ancial records TT thrhauets Dtaeriese t Flroeiccetas wteidll wpaityh aan Tnruuaslt tereu astte UeS fBeeasn kfo. r the Series 2020 Special Assessment Bonds (2020 Project) a TAdshsmee sDinsimisstetrenirct t tA hhdeam sc iocnolilnsettcrrtaaiotcintoe nod f wnoitnh- aGdo vvearlonrmemen atasls eMsasnmaegnetm oenn at lSl earsvseicsessa-bCleen ptrroalp Felrotryi dwai,t hLiLnC t thoe lDevisyt raincdt. Management Fees rnM Teohapten o aDlrigtmiisentimtgrei,ec dant n thtn, oaAu,s ca rccle ooacnuuotndrrtidaitcni, ntegegt dca .n a wndi dtRh et Gcraoonrvdsecirnrnigpm Steieoncntra elot aMf rbyan oSaaegrrdevm icmeenes etf toSirne rgtvhsi,e c ebDsui-sdCtgereincttt r.p aTrlh eFepl oasrreiardtvaioi,c nLe,Ls Cainl tlc olf uipndraeon,v cbidiuaetl rspI Tneerhflroeoavt rtieDemccdeitas sittot,or icnoi lct,no hta uTechd ceaD ocssihu tsconntorrotinailcnogttggre’sa y s sc ioentferftvodwir cwamerisaet ht,a iA noGddnoo ssvbeyeersr,vtn Meemmrisces,r n,po twosaoshl ifiMttci vhOae nfi fnapiccgaeleyu,m deimteec np.b tlu eStm earervnei tcnaeotsito- Clniem annittrdea dpl rtFoolo gvrriiaddmeao,m LciLonCng f ffeoorrre nfcrcoaisuntdgs WfcC T iohrheseaebtwp ssDt iaaetilessrl ts mMro1iaac8ciiti9nan , ttt heeeFdannlso aaw rnnciiccodteehna , tumrSpatocadnttaeuittdeeo ssrw., i dnTitoghhc e auGsnmeod ve smneertra nuvimnpictleeaonsian tdaiinsnl ,cg Mhl uotahdsneteai nDgsgeiit smaetnr eipdnce tdt’r sofS omewrramevibinacs neritscee-enC ecearwnsesatareltsase,ls d wmF ielneobn rsatiicdstc,ea o ,sb reLadcLcaukCnru ciftpeoys r w, aetinhttcdhe. Telephone Telephone and fax machine. Postage Mailing of agenda packages, overnight deliveries, correspondence, etc. 4 Old Hickory Community Development District GENERAL FUND BUDGET Printing & Binding Printing and Binding agenda packages for board meetings, printing of computerized envelopes etc. checks, stationary, Insurance ITnhseu rDainstcrei cAt’lsli agnecnee r(aFlI Ali)a.b FiIlAity s paencdi apliuzbelsi ci no pffricoivailds ilniagb inilsituyr ainnscuer caonvceer caogvee troa ggoe vies rpnrmoveindteadl abgye nFcloiersid. a Legal Advertising T inh ae nDeiswtrsipcat pise rr eoqf ugierneedr taol caidrvcuerlatitsioen v. arious notices for monthly Board meetings, public hearings, etc. Other Current Charges Bank charges and any other miscellaneous expenses incurred during the year. Office Supplies Miscellaneous office supplies. sPRereropvprieecrestesy.n Atsp ap rfaeeis ecrh aFregee d by Osceola County Property Appraiser’s office for assessment administration Dues, Licenses & Subscriptions tThhee o Dnilsyt reixcpt eisn rseeq uunirdeedr ttoh ips acya taeng oanryn ufoarl tfehee tDoi sthtrei cFtl. orida Department of Commerce for $175. This is Operations & Maintenance: aS FPneireordlvvd rii ceSdeseespr ovotinoncs ediinst t eco lf upiedrleod p omenrastniytae og iwenmnspeeern cptt hoioofn cnsoe, n mctarelalesct tiasnn fgdos r ew tmhiteah iDl csio.s ntrtircatc stuocrhs, aast tleanndd sBcoaapred a mnde elatikneg ms aanindt ernecaenicvee. P abRgyreoe pFpnrleceorisreteiysdn. aItn sIs neussrutairmnacnaetc eed A clolisatnsc feo r(F tIhAe) a. FnInAu aspl ceocivaelrizaegse ionf pprroovpiedrintyg iinnssuurraannccee. Ccoovveerraaggee two igllo bvee rpnrmoveindteadl 5 Old Hickory Community Development District GENERAL FUND BUDGET O ERlerelpcartnrediscoe nUttsi leitsiteism Caotmedm ciosssito onfs eculercrternict lyse. rvices for irrigation meters. District has one account with Account # Description Monthly Annual 5 7703-09167 3C7on3t1i1n gHeincckyo r(yF uGtruorvee A Rcocaodu nts) $35 $1$,048200 Total $1,500 o SRtnerepe reaetclsciegonhuttnsst c wositt hfo Orr sltarnedeotl iUgthilti stieersv Cicoems tmhiasts wioinlls b feo rm Pahinastaeisn 1e-d4 b. y the District. The District current has Account # Description Monthly Annual 555 777777000333---000999111666777 CPPPohhhn 134t i&--n QQ g2tte yy-n ..Q 5c2y1t3 y -.- 11 14330'' V -V i1icc3tto'o rVriiiaacntno I IrII iL aLinigg hIhIt tsLs i ghts $$$114,,,089000000 $$$125$1289,,,,068000030000 Total $101,430 a RWceacpotreuerns &etsn S wteswi tcheor Ts tosh foo Wr wataetre Ar ustehrovriicteys ( Sfot.r C alorueads U wtiliitthieins ).t he District. The District currently has four Account # Description Monthly Annual 5566 3499000226993889 4445C0025on0000t 000Bi nBBBloglllcoooeknccc kkkcEy EOOv (evddFneddun HtPH uHirotreiclecsshk rtA eoeLcivroncy ooB SpGuot rnruIoretlr)eve vet a Rroda Idrr $$$1$38,60000000 0 $1$$$2239$,,,,056670009200020 Total $28,512 lsLTaeahnrnedvd iDsscccieasa.tp preiec mMt waatiinellrt meianala ihnnactase i nb etehne lcaonmdspcleatpeidn.g Twhieth Dinis tthreic ct ohmasm coonn atrraecatse odf wthieth D Fisltorriaclta awftne r2 i,n LsLtaCl lafotiro nth oisf Description Monthly Annual LLLCaaaonnnndddtisssncccgaaaepppneeec MMMy aaaiiinnnttteeennnaaannnccceee PPPhhhaaassseeesss 134 - 2 $$$136,,,159234123 $$$138$3784,,,,055115872465 Total $143,327 6 Old Hickory Community Development District GENERAL FUND BUDGET l LRaaennpddrsesccsaaeppneet s mC eoasnitntiitmnegnaetaenndccy ec ocostnst rfaocrt .a ny additional landscape expenses not covered under the monthly LM agRnraeaadkpnse rsaa eM ga semneamndion tebntsnert hcnut,olsa yIshnn t crc cefe.o o fpnorot rrmr toth alo,ei fnfsl oteae alsnlte ianrwnvgaci caeteen trsdow. sa8uy bpsm otnerdresase tledod vc.a eTtgehedtea wtDioiitsnht ricnioc ntt hthreoa lsD, aicsdotdrniitctritao. cnStaeelrd vt riweceaistthm i neAcnpltupsdl aiees d sr heAqoqurueirlaietndiec, Description Monthly Annual LCTTTTTTTTaorrrrrrrraaaaaaaaknccccccccettttttttti Mn IPEAKQDH g Ea D ei n ncteyn ance - 8 Ponds $$$$$$$$11111229024488951133667 $$$$$$$$11111233$,,,,,,,,122445774111233499022224664 Total $16,958 IRrerpigraetsieonnt Rs eepsatiimrsa ted costs for any repairs to the irrigation system. R iRteeepmpar eifrossre & na trMse aga eisnnutecerhna aaln src epepl aayirgsr oanudn dm aanindt deonga npcaer kc.o sts that are not budgeted under any other budget line W Rmeaapilnrlset,a sEiennnettrdsy b&eys Mttihmoen aDutmeisdte rnictcost .s ts for repairs and maintenance to the walls, entry and monuments CRoenptriensgeenntcsy a ny additional field expense that may not have been provided for in the budget. T Rreapnrsefseern Otsu te x–c Ceasps iftuanl dRse saetr fvies cal year-end transferred to the Capital Reserve fund. 7 Old Hickory Community Development District Adopted Budget FY2025 Capital Reserve Fund Adopted Actual FBYu2d0g2e4t 7/T3h1r/u24 P2r MoNjoeenxctttehds P9r/oT3joe0tca/t2le4d AFBYduo2dp0gt2ee5td Revenues: ITnrtaenrsefsetr In $$ -- $$ -- $$ -- $$ -- $$ 7 31,,060602 Total Revenues $ - $ - $ - $ - $ 74,662 Expenditures: CCaopntiitnalg Oenuctylay $$ -- $$ -- $$ -- $$ -- $$ 5 0 - Total Expenditures $ - $ - $ - $ - $ 500 Excess Revenues (Expenditures) $ - $ - $ - $ - $ 74,162 Fund Balance - Beginning $ - $ - $ - $ - $ - Fund Balance - Ending $ - $ - $ - $ - $ 74,162 8 Old Hickory Community Development District Adopted Budget FY2025 Debt Service Fund Series 2020 Adopted Actual FBYu2d0g2e4t 7/T3h1r/u24 P2r MoNjoeenxctttehds P9r/oT3joe0tca/t2le4d AFBYduo2dp0gt2ee5td Revenues: ISCnpaterercryiea Fslt oArswseasrsdm Seunrtpslus $$$ 13 45 746,,,515005003 $$$ 13 145868,,,479388367 $$$ 2 , 4 5 0 -- $$$ 13 245168,,,249338367 $$$ 13 157736,,,015008000 Total Revenues $ 508,153 $ 524,205 $ 2,450 $ 526,655 $ 546,680 Expenditures: Series 2020 IIPnnrttieenrrceeipsstta --l 01- 260//611/5515 $$$ 111113011,,,055033088 $$$ 111113011,,,055033088 $$$ --- $$$ 111113011,,,055033088 $$$ 111003599,,,099012023 Total Expenditures $ 353,075 $ 353,075 $ - $ 353,075 $ 354,834 Excess Revenues (Expenditures) $ 155,078 $ 171,130 $ 2,450 $ 173,580 $ 191,846 Interest - 12/15/2025 $108,225 Total $108,225 Net Assessment $356,101 Collection Cost (6%) $22,730 Gross Assessment $378,831 Property Type Units Gross Per Unit Gross Total 5600'' LLoottss 127738 $$884400 $$122499,,351156 Total 451 $378,831 9 Date Balance Principal Interest Annual 12/15/24 5,730,000 $ - $ 109,912.50 $ 109,912.50 $ 6/15/25 5,730,000 $ 135,000 $ 109,912.50 $ - $ 12/15/25 5,595,000 $ - $ 108,225.00 $ 353,137.50 $ 6/15/26 5,595,000 $ 140,000 $ 108,225.00 $ - $ 12/15/26 5,455,000 $ - $ 106,125.00 $ 354,350.00 $ 6/15/27 5,455,000 $ 145,000 $ 106,125.00 $ - $ 12/15/27 5,310,000 $ - $ 103,950.00 $ 355,075.00 $ 6/15/28 5,310,000 $ 145,000 $ 103,950.00 $ - $ 12/15/28 5,165,000 $ - $ 101,775.00 $ 350,725.00 $ 6/15/29 5,165,000 $ 150,000 $ 101,775.00 $ - $ 12/15/29 5,015,000 $ - $ 99,525.00 $ 351,300.00 $ 6/15/30 5,015,000 $ 155,000 $ 99,525.00 $ - $ 12/15/30 4,860,000 $ - $ 97,200.00 $ 351,725.00 $ 6/15/31 4,860,000 $ 160,000 $ 97,200.00 $ - $ 12/15/31 4,700,000 $ - $ 94,000.00 $ 351,200.00 $ 6/15/32 4,700,000 $ 170,000 $ 94,000.00 $ - $ 12/15/32 4,530,000 $ - $ 90,600.00 $ 354,600.00 $ 6/15/33 4,530,000 $ 175,000 $ 90,600.00 $ - $ 12/15/33 4,355,000 $ - $ 87,100.00 $ 352,700.00 $ 6/15/34 4,355,000 $ 185,000 $ 87,100.00 $ - $ 12/15/34 4,170,000 $ - $ 83,400.00 $ 355,500.00 $ 6/15/35 4,170,000 $ 190,000 $ 83,400.00 $ - $ 12/15/35 3,980,000 $ - $ 79,600.00 $ 353,000.00 $ 6/15/36 3,980,000 $ 200,000 $ 79,600.00 $ - $ 12/15/36 3,780,000 $ - $ 75,600.00 $ 355,200.00 $ 6/15/37 3,780,000 $ 205,000 $ 75,600.00 $ - $ 12/15/37 3,575,000 $ - $ 71,500.00 $ 352,100.00 $ 6/15/38 3,575,000 $ 215,000 $ 71,500.00 $ - $ 12/15/38 3,360,000 $ - $ 67,200.00 $ 353,700.00 $ 6/15/39 3,360,000 $ 225,000 $ 67,200.00 $ - $ 12/15/39 3,135,000 $ - $ 62,700.00 $ 354,900.00 $ 6/15/40 3,135,000 $ 230,000 $ 62,700.00 $ - $ 12/15/40 2,905,000 $ - $ 58,100.00 $ 350,800.00 $ 6/15/41 2,905,000 $ 240,000 $ 58,100.00 $ - $ 12/15/41 2,665,000 $ - $ 53,300.00 $ 351,400.00 $ 6/15/42 2,665,000 $ 250,000 $ 53,300.00 $ - $ 12/15/42 2,415,000 $ - $ 48,300.00 $ 351,600.00 $ 6/15/43 2,415,000 $ 260,000 $ 48,300.00 $ - $ 12/15/43 2,155,000 $ - $ 43,100.00 $ 351,400.00 $ 6/15/44 2,155,000 $ 270,000 $ 43,100.00 $ - $ 12/15/44 1,885,000 $ - $ 37,700.00 $ 350,800.00 $ 6/15/45 1,885,000 $ 285,000 $ 37,700.00 $ - $ 12/15/45 1,600,000 $ - $ 32,000.00 $ 354,700.00 $ 6/15/46 1,600,000 $ 295,000 $ 32,000.00 $ - $ 12/15/46 1,305,000 $ - $ 26,100.00 $ 353,100.00 $ 6/15/47 1,305,000 $ 305,000 $ 26,100.00 $ - $ 12/15/47 1,000,000 $ - $ 20,000.00 $ 351,100.00 $ 6/15/48 1,000,000 $ 320,000 $ 20,000.00 $ - $ 12/15/48 680,000 $ - $ 13,600.00 $ 353,600.00 $ 6/15/49 680,000 $ 335,000 $ 13,600.00 $ - $ 12/15/49 345,000 $ - $ 6,900.00 $ 355,500.00 $ 6/15/50 345,000 $ 345,000 $ 6,900.00 $ 351,900.00 $ Totals 5,730,000 $ 3,555,025 $ 9,285,025.00 $ (Term Bonds Combined) Amortization Schedule Old Hickory Series 2020, Special Assessment Bonds (2020 Project) 10