East547
Community Development District

Adopted Budget
FY2026

6M3

Table of Contents

1 - 2

3 - 7

8

9

10

11

	General Fund

	General Fund Narrative

	Debt Service Fund - Series 2021

	Amortization Schedule

	Debt Service Fund - Series 2023

	Amortization Schedule

East 547
Community Development District
General Fund

	Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2025	5/30/25	4 Months	9/30/25	FY2026	

Revenues						
Assessments - Tax Roll	$	402,365	$	401,960	$	405	$	402,365	$	500,346	
Developer Contributions	$	106,417	$	25,000	$	13,338	$	38,338	$	14,786	
Total Revenues	$  508,781	$	426,960	$	13,743	$	440,703	$  515,133	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	2,000	
$	4,000	
$	6,000	
$	10,000	
FICA Expense	$	-	$	77	$	306	$	383	$	765	
Engineering Fees	$	10,000	$	2,465	$	2,763	$	5,228	$	10,000	
Assessment Administration	$	5,250	$	5,250	$	-	$	5,250	$	5,408	
Arbitrage Fees	$	900	$	-	$	900	$	900	$	900	
Dissemination Fees	$	6,300	$	4,200	$	2,100	$	6,300	$	6,489	
Reamortization Schedules	$	-	$	1,250	$	500	$	1,750	$	1,000	
Disclosure Software	$	-	$	2,000	$	-	$	2,000	$	2,000	
Attorney Fees	$	20,000	$	4,764	$	2,382	$	7,146	$	10,000	
Annual Audit	$	4,800	$	5,900	$	-	$	5,900	$	6,000	
Management Fees	$	40,124	$	26,749	$	13,375	$	40,124	$	41,328	
Information Technology	$	1,890	$	1,260	$	630	$	1,890	$	1,947	
Website Maintenance	$	1,260	$	840	$	420	$	1,260	$	1,298	
Trustee Fees	$	8,081	$	4,256	$	4,256	$	8,512	$	8,869	
Postage	$	600	$	837	$	418	$	1,255	$	1,300	
Insurance	$	6,622	$	6,161	$	-	$	6,161	$	7,085	
Copies	$	500	$	81	$	65	$	146	$	500	
Legal Advertising	$	2,500	$	957	$	1,543	$	2,500	$	2,500	
Contingency	$	2,500	$	339	$	750	$	1,089	$	2,500	
Office Supplies	$	250	$	8	$	55	$	63	$	250	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$  123,751	$	69,569	$	34,463	$	104,031	$  120,312	

East 547
Community Development District
General Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2025	5/30/25	4 Months	9/30/25	FY2026	

Operations & Maintenance Field Expenditures Property Insurance	

$	15,000	

$	11,574	

$	-	

$	11,574	

$	13,310	
Field Management	$	15,750	$	10,500	$	5,250	$	15,750	$	16,223	
Landscape Maintenance	$	120,000	$	73,562	$	38,908	$	112,470	$	120,816	
Landscape Replacement	$	15,000	$	10,908	$	4,093	$	15,000	$	15,000	
Streetlights	$	36,000	$	14,346	$	7,173	$	21,519	$	36,000	
Electric	$	25,000	$	8,135	$	4,067	$	12,202	$	25,000	
Water & Sewer	$	5,000	$	9,343	$	4,672	$	14,015	$	14,500	
Sidewalk & Asphalt Maintenance	$	2,500	$	-	$	1,250	$	1,250	$	2,500	
Irrigation Repairs	$	7,500	$	1,135	$	568	$	1,703	$	6,684	
General Repairs & Maintenance	$	10,000	$	2,230	$	1,115	$	3,345	$	10,000	
Contingency	$	7,500	$	36,588	$	-	$	36,588	$	7,500	
Subtotal Field Expenditures	$  259,250	$	178,322	$	67,095	$	245,416	$  267,533	

Amenity Expenditures
Amenity - Electric	

$	14,400	

$	16,116	

$	8,058	

$	24,174	

$	24,700	
Amenity - Water	$	7,500	$	4,888	$	2,444	$	7,332	$	10,000	
Internet	$	1,500	$	828	$	434	$	1,262	$	1,500	
Pest Control	$	600	$	352	$	176	$	528	$	600	
Janitorial Services	$	11,180	$	6,855	$	3,620	$	10,475	$	11,180	
Security Services	$	32,000	$	735	$	2,940	$	3,675	$	20,000	
Pool Maintenance	$	23,600	$	13,650	$	6,600	$	20,250	$	24,308	
Amenity Management	$	10,000	$	6,667	$	3,333	$	10,000	$	10,000	
Amenity Repairs & Maintenance	$	10,000	$	1,462	$	2,232	$	3,694	$	10,000	
Holiday Decorations	$	7,500	$	5,724	$	-	$	5,724	$	7,500	
Contingency	$	7,500	$	1,120	$	3,021	$	4,141	$	7,500	
Subtotal Amenity Expenditures	$  125,780	$	58,397	$	32,858	$	91,255	$  127,288	
						
Total Operations & Maintenance	$  385,030	$	236,719	$	99,953	$	336,672	$  394,821	
						
Total Expenditures	$  508,781	$	306,287	$	134,416	$	440,703	$  515,133	
						
Excess Revenues/(Expenditures)	$	0	$	120,673	$	(120,673)	$	-	$	-	

Net Assessments	
$500,346	
Add: Discounts & Collections 7%	$37,660	
Gross Assessments	$538,007	

Product	ERU's	Assessable Units	ERU/Unit	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 1 - On Roll	261.00	261	1.00	$256,562.68	$983.00	$1,056.99	
Phase 2 - On Roll	248.00	248	1.00	$243,783.70	$983.00	$1,056.99	
Total	509.00	509		$500,346.38			

East 547
Community Development District
GENERAL FUND BUDGET

REVENUES:

Assessments

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

Developer Contributions

The District will enter into a Funding Agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

EXPENDITURES:

Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

FICA Expense

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

Engineering Fees

The District's engineer provides general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage Fees

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2021 bonds and another anticipated bond issuance.

Dissemination Fees

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. This cost is based upon the Series 2021 bonds and another anticipated bond issuance. Governmental Management Services – Central Florida, LLC completes these reporting requirements.

Attorney Fees

The District's legal counsel provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

East 547
Community Development District
GENERAL FUND BUDGET

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

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. Governmental Management Services – Central Florida, LLC provides these systems.

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. Governmental Management Services – Central Florida, LLC provides these services.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued bonds.

Postage

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability, public official’s liability insurance and property insurance coverages.

Copies

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

Legal Advertising

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

Contingency

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels,

East 547
Community Development District
GENERAL FUND BUDGET

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.

Operations & Maintenance:

Field Expenditures

Property Insurance

The District’s property insurance coverages.

Field Management

The District is contracted with Governmental Management Services-Central Florida, LLC for onsite field management of contracts for the District such as landscape and lake maintenance. Services include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed.

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Water & Sewer

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

Sidewalk & Asphalt Maintenance

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

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

East 547
Community Development District
GENERAL FUND BUDGET

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenditures

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity facilities.

Amenity – Insurance

Represents the District’s property insurance coverages.

Amenity - Internet

Internet service will be added for use at the Amenity Center.

Pest Control

The District will incur costs for pest control treatments to its amenity facilities.

Janitorial Services

Represents estimated costs to provide janitorial services and supplies for the District’s amenity facilities.

Security Services

Represents the estimated cost of contracting a monthly security service for the District’s amenity facilities.

Pool Maintenance

Represents estimated costs of regular cleaning and treatments of the District’s pool.

Amenity Management

Provides access card issuance through registration, proof of residency, and photo identification. The team also provides keycard troubleshooting for issues and concerns related to access control. Staff reviews security concerns and amenity policy violations via remote camera monitoring on an as-needed basis. Districts are provided electronic communication for District news and direct remote customer service through phone and email directly to the Amenity Access Team. the cost of managing and monitoring access to the District’s amenity facilities.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Holiday Decorations

Represents estimated costs for Holiday Decorations of the District.

East 547
Community Development District
GENERAL FUND BUDGET

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

East 547
Community Development District Debt Service Fund Series 2021

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2025	5/30/25	4 Months	9/30/25	FY2026	

Revenues						
Assessments	$	219,255	$	208,730	$	10,525	$	219,255	$	205,198	
Assessments - Prepayment	$	-	$	59,909	$	-	$	59,909	$	-	
Interest	$	10,000	$	13,639	$	6,819	$	20,458	$	10,000	
Carry Forward Surplus (1)	$	110,505	$	427,487	$	-	$	427,487	$	122,666	
Total Revenues	$	339,760	$	709,766	$	17,344	$	727,110	$	337,865	

Expenditures						
Interest - 11/01	$	67,753	$	67,753	$	-	$	67,753	$	59,743	
Special Call - 11/01	$	-	$	305,000	$	-	$	305,000	$	-	
Interest - 02/01	$	-	$	621	$	-	$	621	$	-	
Special Call - 02/01	$	-	$	70,000	$	-	$	70,000	$	-	
Principal - 05/01	$	90,000	$	80,000	$	-	$	80,000	$	80,000	
Interest - 05/01	$	67,753	$	61,070	$	-	$	61,070	$	59,743	
Special Call - 05/01	$	-	$	20,000	$	-	$	20,000	$	-	
Total Expenditures	$	225,505	$	604,444	$	-	$	604,444	$	199,485	
						
Excess Revenues/(Expenditures)	$	114,255	$	105,322	$	17,344	$	122,666	$	138,380	

Interest - 11/1  $	58,742.50

(1) Carryforward Surplus is net of Debt Service Reserve Funds

Product	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit	
Single Family - Area One	132	$164,918	$1,249.38	$1,343.42	
Single Family - Area One Paid Down	129	$40,280	$312.25	$335.75	
Total ERU's	261	$205,198			

East 547 Community Development District Series 2021 Special Assessment Bonds
Amortization Schedule

Date		Balance		Prinicpal		Interest		Total	
									
11/01/25	$	3,330,000.00	$	-	$	59,742.50	$	59,742.50	
05/01/26	$	3,330,000.00	$	80,000.00	$	59,742.50			
11/01/26	$	3,250,000.00	$	-	$	58,742.50	$	198,485.00	
05/01/27	$	3,250,000.00	$	85,000.00	$	58,742.50			
11/01/27	$	2,800,000.00	$	-	$	57,467.50	$	201,210.00	
05/01/28	$	3,165,000.00	$	85,000.00	$	57,467.50			
11/01/28	$	3,080,000.00	$	-	$	56,192.50	$	198,660.00	
05/01/29	$	3,080,000.00	$	90,000.00	$	56,192.50			
11/01/29	$	2,990,000.00	$	-	$	54,842.50	$	201,035.00	
05/01/30	$	2,990,000.00	$	95,000.00	$	54,842.50			
11/01/30	$	2,895,000.00	$	-	$	53,417.50	$	203,260.00	
05/01/31	$	2,895,000.00	$	95,000.00	$	53,417.50			
11/01/31	$	2,800,000.00	$	-	$	51,992.50	$	200,410.00	
05/01/32	$	2,800,000.00	$	100,000.00	$	51,992.50			
11/01/32	$	2,700,000.00	$	-	$	50,342.50	$	202,335.00	
05/01/33	$	2,700,000.00	$	100,000.00	$	50,342.50			
11/01/33	$	2,600,000.00	$	-	$	48,692.50	$	199,035.00	
05/01/34	$	2,600,000.00	$	105,000.00	$	48,692.50			
11/01/34	$	2,495,000.00	$	-	$	46,960.00	$	200,652.50	
05/01/35	$	2,495,000.00	$	110,000.00	$	46,960.00			
11/01/35	$	2,385,000.00	$	-	$	45,145.00	$	202,105.00	
05/01/36	$	2,385,000.00	$	110,000.00	$	45,145.00			
11/01/36	$	2,275,000.00	$	-	$	43,330.00	$	198,475.00	
05/01/37	$	2,275,000.00	$	115,000.00	$	43,330.00			
11/01/37	$	2,160,000.00	$	-	$	41,432.50	$	199,762.50	
05/01/38	$	2,160,000.00	$	120,000.00	$	41,432.50			
11/01/38	$	2,040,000.00	$	-	$	39,452.50	$	200,885.00	
05/01/39	$	2,040,000.00	$	125,000.00	$	39,452.50			
11/01/39	$	1,915,000.00	$	-	$	37,390.00	$	201,842.50	
05/01/40	$	1,915,000.00	$	130,000.00	$	37,390.00			
11/01/40	$	1,785,000.00	$	-	$	35,245.00	$	202,635.00	
05/01/41	$	1,785,000.00	$	130,000.00	$	35,245.00			
11/01/41	$	1,655,000.00	$	-	$	33,100.00	$	198,345.00	
05/01/42	$	1,655,000.00	$	135,000.00	$	33,100.00			
11/01/42	$	1,520,000.00	$	-	$	30,400.00	$	198,500.00	
05/01/43	$	1,520,000.00	$	145,000.00	$	30,400.00			
11/01/43	$	1,375,000.00	$	-	$	27,500.00	$	202,900.00	
05/01/44	$	1,375,000.00	$	150,000.00	$	27,500.00			
11/01/44	$	1,225,000.00	$	-	$	24,500.00	$	202,000.00	
05/01/45	$	1,225,000.00	$	155,000.00	$	24,500.00			
11/01/45	$	1,070,000.00	$	-	$	21,400.00	$	200,900.00	
05/01/46	$	1,070,000.00	$	160,000.00	$	21,400.00			
11/01/46	$	910,000.00	$	-	$	18,200.00	$	199,600.00	
05/01/47	$	910,000.00	$	170,000.00	$	18,200.00			
11/01/47	$	740,000.00	$	-	$	14,800.00	$	203,000.00	
05/01/48	$	740,000.00	$	175,000.00	$	14,800.00			
11/01/48	$	565,000.00	$	-	$	11,300.00	$	201,100.00	
05/01/49	$	565,000.00	$	180,000.00	$	11,300.00			
11/01/49	$	385,000.00	$	-	$	7,700.00	$	199,000.00	
05/01/50	$	385,000.00	$	190,000.00	$	7,700.00			
11/01/50	$	195,000.00	$	-	$	3,900.00	$	201,600.00	
05/01/51	$	195,000.00	$	195,000.00	$	3,900.00	$	198,900.00	
			$	3,330,000.00	$	1,946,375.00	$	5,276,375.00	

East 547
Community Development District Debt Service Fund Series 2023

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2025	5/30/25	4 Months	9/30/25	FY2026	

Revenues						
Assessments	$	546,450	$	545,885	$	565	$	546,450	$	442,651	
Assessments - Prepayment	$	-	$  1,799,567	$	362,079	$	2,161,646	$	-	
Interest	$	10,000	$	23,046	$	32,265	$	55,311	$	10,000	
Carry Forward Surplus (1)	$	248,924	$	287,291	$	-	$	287,291	$	631,459	
Total Revenues	$	805,374	$ 2,655,789	$	394,909	$	3,050,698	$ 1,084,111	

Expenditures						
Interest - 11/01	$	229,463	$	229,463	$	-	$	229,463	$	185,575	
Special Call - 02/01	$	-	$	585,000	$	-	$	585,000	$	-	
Interest - 02/01	$	-	$	9,256	$	-	$	9,256	$	-	
Principal - 05/01	$	90,000	$	80,000	$	-	$	80,000	$	75,000	
Interest - 05/01	$	229,463	$	210,950	$	-	$	210,950	$	185,575	
Special Call - 05/01	$	-	$	730,000	$	-	$	730,000	$	-	
Special Call - 08/01	$	-	$	-	$	570,000	$	570,000	$	-	
Total Expenditures	$	548,925	$ 1,844,669	$	570,000	$	2,414,669	$	446,150	

Other Sources/(Uses)						
Transfer Out	$	-	$	(7,370)	$	2,800	$	(4,570)	$	-	
Total Other Sources/(Uses)	$	-	$	(7,370)	$	2,800	$	(4,570)	$	-	
						
Excess Revenues/(Expenditures)	$	256,449	$	803,750	$	(172,291)	$	631,459	$	637,961	

(1) Carryforward Surplus is net of Debt Service Reserve Funds

Interest - 11/1  $

183,512.50

Product	Assessable Units	Net Assessment	Net Per Unit	Gross Per Unit	
Single Family	190	$418,651	$2,203	$2,369	
Single Family Paid Down	2	$3,000	$1,500	$1,613	
Single Family Paid Down	56	$21,000	$375	$403	
Total ERU's	248	$442,651			

East 547 Community Development District Series 2023 Special Assessment Bonds
Amortization Schedule

Date		Balance		Prinicpal		Interest		Total	
									
11/01/25	$	5,850,000.00	$	-	$	185,575.00	$	185,575.00	
05/01/26	$	5,850,000.00	$	75,000.00	$	185,575.00			
11/01/26	$	5,775,000.00	$	-	$	183,512.50	$	444,087.50	
05/01/27	$	5,775,000.00	$	80,000.00	$	183,512.50			
11/01/27	$	5,425,000.00	$	-	$	181,312.50	$	444,825.00	
05/01/28	$	5,695,000.00	$	85,000.00	$	181,312.50			
11/01/28	$	5,610,000.00	$	-	$	178,975.00	$	445,287.50	
05/01/29	$	5,610,000.00	$	90,000.00	$	178,975.00			
11/01/29	$	5,520,000.00	$	-	$	176,500.00	$	445,475.00	
05/01/30	$	5,520,000.00	$	95,000.00	$	176,500.00			
11/01/30	$	5,425,000.00	$	-	$	173,887.50	$	445,387.50	
05/01/31	$	5,425,000.00	$	100,000.00	$	173,887.50			
11/01/31	$	5,325,000.00	$	-	$	170,762.50	$	444,650.00	
05/01/32	$	5,325,000.00	$	105,000.00	$	170,762.50			
11/01/32	$	5,220,000.00	$	-	$	167,481.25	$	443,243.75	
05/01/33	$	5,220,000.00	$	115,000.00	$	167,481.25			
11/01/33	$	5,105,000.00	$	-	$	163,887.50	$	446,368.75	
05/01/34	$	5,105,000.00	$	120,000.00	$	163,887.50			
11/01/34	$	4,985,000.00	$	-	$	160,137.50	$	444,025.00	
05/01/35	$	4,985,000.00	$	130,000.00	$	160,137.50			
11/01/35	$	4,855,000.00	$	-	$	156,075.00	$	446,212.50	
05/01/36	$	4,855,000.00	$	135,000.00	$	156,075.00			
11/01/36	$	4,720,000.00	$	-	$	151,856.25	$	442,931.25	
05/01/37	$	4,720,000.00	$	145,000.00	$	151,856.25			
11/01/37	$	4,575,000.00	$	-	$	147,325.00	$	444,181.25	
05/01/38	$	4,575,000.00	$	155,000.00	$	147,325.00			
11/01/38	$	4,420,000.00	$	-	$	142,481.25	$	444,806.25	
05/01/39	$	4,420,000.00	$	165,000.00	$	142,481.25			
11/01/39	$	4,255,000.00	$	-	$	137,325.00	$	444,806.25	
05/01/40	$	4,255,000.00	$	175,000.00	$	137,325.00			
11/01/40	$	4,080,000.00	$	-	$	131,856.25	$	444,181.25	
05/01/41	$	4,080,000.00	$	185,000.00	$	131,856.25			
11/01/41	$	3,485,000.00	$	-	$	126,075.00	$	442,931.25	
05/01/42	$	3,485,000.00	$	200,000.00	$	126,075.00			
11/01/42	$	3,485,000.00	$	-	$	119,825.00	$	445,900.00	
05/01/43	$	3,485,000.00	$	210,000.00	$	119,825.00			
11/01/43	$	3,485,000.00	$	-	$	113,262.50	$	443,087.50	
05/01/44	$	3,485,000.00	$	225,000.00	$	113,262.50			
11/01/44	$	3,260,000.00	$	-	$	105,950.00	$	444,212.50	
05/01/45	$	3,260,000.00	$	240,000.00	$	105,950.00			
11/01/45	$	3,020,000.00	$	-	$	98,150.00	$	444,100.00	
05/01/46	$	3,020,000.00	$	255,000.00	$	98,150.00			
11/01/46	$	2,765,000.00	$	-	$	89,862.50	$	443,012.50	
05/01/47	$	2,765,000.00	$	275,000.00	$	89,862.50			
11/01/47	$	2,490,000.00	$	-	$	80,925.00	$	445,787.50	
05/01/48	$	2,490,000.00	$	290,000.00	$	80,925.00			
11/01/48	$	2,200,000.00	$	-	$	71,500.00	$	442,425.00	
05/01/49	$	2,200,000.00	$	310,000.00	$	71,500.00			
11/01/49	$	1,890,000.00	$	-	$	61,425.00	$	442,925.00	
05/01/50	$	1,890,000.00	$	330,000.00	$	61,425.00			
11/01/50	$	1,560,000.00	$	-	$	50,700.00	$	442,125.00	
05/01/51	$	1,560,000.00	$	355,000.00	$	50,700.00			
11/01/51	$	1,205,000.00	$	-	$	39,162.50	$	444,862.50	
05/01/52	$	1,205,000.00	$	375,000.00	$	39,162.50			
11/01/52	$	830,000.00	$	-	$	26,975.00	$	441,137.50	
05/01/53	$	830,000.00	$	400,000.00	$	26,975.00			
11/01/53	$	430,000.00	$	-	$	13,975.00	$	440,950.00	
05/01/54	$	430,000.00	$	430,000.00	$	13,975.00	$	443,975.00	
			$	5,850,000.00	$	7,213,475.00	$	13,063,475.00