Ranches at Lake McLeod
Community Development District

Proposed Budget
FY2026

Table of Contents

1-2

3-6

7

8-9

10

11-12

General Fund General Fund Narrative
Debt Service Fund - Series 2023 Series 2023 Amortization Schedule Debt Service Fund - Series 2025 Series 2025 Amortization Schedule

13	Capital Reserve Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2025	2/28/25	7 Months	9/30/25	FY2026	

Revenues						
Assessments - On Roll	$	623,453	$	365,853	$	19,446	$	385,299	$	735,110	
Assessments - Direct	$	13,441	$	178,615	$	72,979	$	251,595	$	2,090	
Developer Contributions	$	-	$	-	$	-	$	-	$	-	
Total Revenues	$	636,894	$	544,469	$	92,426	$	636,894	$	737,200	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	2,000	
$	7,000	
$	9,000	
$	12,000	
FICA Expense	$	918	$	153	$	536	$	689	$	918	
Engineering	$	15,000	$	4,050	$	8,750	$	12,800	$	15,000	
Attorney	$	15,000	$	920	$	8,750	$	9,670	$	15,000	
Annual Audit	$	5,000	$	-	$	3,800	$	3,800	$	4,900	
Assessment Administration	$	6,500	$	6,500	$	-	$	6,500	$	6,500	
Arbitrage Rebate	$	900	$	-	$	900	$	900	$	900	
Dissemination Agent	$	6,000	$	2,083	$	4,083	$	6,167	$	6,600	
Disclosure Software	$	-	$	-	$	-	$	-	$	3,500	
Trustee Fees	$	4,020	$	3,192	$	1,064	$	4,256	$	9,363	
Management Fees	$	42,500	$	17,708	$	24,792	$	42,500	$	43,775	
Information Technology	$	1,800	$	750	$	1,050	$	1,800	$	1,854	
Website Maintenance	$	1,200	$	500	$	700	$	1,200	$	1,236	
Postage & Delivery	$	1,000	$	277	$	583	$	860	$	1,000	
Insurance	$	6,181	$	5,981	$	-	$	5,981	$	6,878	
Copies	$	500	$	-	$	292	$	292	$	500	
Legal Advertising	$	7,500	$	-	$	7,500	$	7,500	$	7,500	
Other Current Charges	$	2,500	$	196	$	287	$	483	$	2,500	
Office Supplies	$	500	$	3	$	292	$	295	$	500	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Subtotal Administrative	$	129,194	$	44,488	$	70,378	$	114,867	$	140,600	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2025	2/28/25	7 Months	9/30/25	FY2026	

Operations & Maintenance						
Field Expenditures						
Property Insurance	$	5,000	$	9,823	$	-	$	9,823	$	12,000	
Field Management	$	10,000	$	4,167	$	5,833	$	10,000	$	10,300	
Landscape Maintenance	$	203,400	$	48,110	$	77,560	$	125,670	$	258,000	
Landscape Replacement	$	30,000	$	3,990	$	17,500	$	21,490	$	30,000	
Lake Maintenance	$	16,800	$	1,225	$	5,075	$	6,300	$	16,800	
Streetlights	$	80,000	$	32,489	$	52,115	$	84,604	$	100,000	
Electric	$	15,000	$	680	$	2,100	$	2,780	$	15,000	
Water & Sewer	$	45,000	$	7,241	$	14,000	$	21,241	$	45,000	
Irrigation Repairs	$	10,000	$	-	$	5,833	$	5,833	$	10,000	
Sidewalk & Asphalt Maintenance	$	5,000	$	-	$	2,917	$	2,917	$	5,000	
Janitorial Maintenance	$	-	$	-	$	-	$	-	$	7,000	
General Repairs & Maintenance	$	20,000	$	3,885	$	11,667	$	15,552	$	20,000	
Holiday Decorations	$	2,500	$	2,687	$	-	$	2,687	$	2,500	
Contingency	$	15,000	$	1,110	$	8,750	$	9,860	$	15,000	
Subtotal Field Expenditures	$	457,700	$	115,406	$	203,350	$	318,756	$	546,600	
						
Total Operations & Maintenance	$	457,700	$	115,406	$	203,350	$	318,756	$	546,600	

Other Expenditures						
Capital Reserve - Transfer	$	50,000	$	-	$	50,000	$	50,000	$	50,000	
Total Other Expenses	$	50,000	$	-	$	50,000	$	50,000	$	50,000	
						
Total Expenditures	$	636,894	$	159,894	$	323,728	$	483,622	$	737,200	
						
Excess Revenues/(Expenditures)	$	-	$	384,574	$  (231,303)	$	153,272	$	-	

Net Assessments	$735,110
Add: Discounts & Collections 7%		$55,331 Gross Assessments 	$790,441 

Assessable Units	1160	

Gross Per Unit Assessment	
$681.41	
Net Per Unit Assessment	$633.72	

	FY2025	FY2026	INCREASE	
Gross Per Unit Assessments:	$635.43	$681.41	$45.98	
Net Per Unit Assessments:	$590.95	$633.72	$42.77	

Revenues:

Assessments

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

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting 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 Supervisor checks.

Engineering

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.

Attorney

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.

Annual Audit

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

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 Rebate

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its bond Series 2025

Dissemination Agent

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 bond Series 2025.

Disclosure Software

The District has contracted with DTS to provide software platform for filing various reports required in accordance with the Continuing Disclosure Agreements for the various bond issue(s).

Trustee Fees

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

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 various cost of information technology for the District such as video conferencing, cloud storage 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.

Postage & Delivery

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

Insurance

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

Copies

Printing agenda materials 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.

Other Current Charges

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, paper clips, etc.

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 Expenditures

Property Insurance

The District’s estimated property insurance coverage.

Field Management

The District will contract 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 maintenance of the landscaping within the following phases of the District after the installation of landscape material has been completed.

North	$78,000	
South	$126,000	
East	$54,000	
Total

 Landscape Replacement	$258,000	

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

Lake Maintenance

The District will contract for the care and maintenance of its lakes which includes shoreline grass, brush and vegetation control.

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 estimated electric charges of common areas throughout the District.

Water & Sewer

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

Irrigation Repairs

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

Sidewalk & Asphalt Maintenance

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

Janitorial Maintenance

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

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas. These can include pressure washing, and repairs to fences, monuments, lighting and other assets.

Holiday Decorations

The District will incur costs related to the decoration of common areas during the Holidays.

Contingency

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

Other Expenditures:

Capital Reserve - Transfer

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

Ranches at Lake McLeod Community Development District Proposed Budget
Debt Service Fund - Series 2023

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2025	2/28/25	7 Months	9/30/25	FY2026	

Revenues						
Assessments	$	382,769	$	363,452	$	19,317	$	382,769	$	382,769	
Interest	$	-	$	5,500	$	2,750	$	8,250	$	-	
Carry Forward Surplus	$	173,774	$	171,564	$	-	$	171,564	$	180,727	
Total Revenues	$	556,543	$	540,516	$	22,067	$	562,583	$	563,495	

Expenditures						
Interest - 12/15	$	148,428	$	148,428	$	-	$	148,428	$	146,463	
Prinicpal - 6/15	$	85,000	$	-	$	85,000	$	85,000	$	90,000	
Interest - 6/15	$	148,428	$	-	$	148,428	$	148,428	$	146,463	
Total Expenditures	$	381,856	$	148,428	$	233,428	$	381,856	$	382,925	

Other Financing Sources/(Uses)						

Interfund Transfer In/(Out)	
$	-	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	$	-	

Excess Revenues/(Expenditures)

$	174,687	$	392,088	$	(211,361)  $	180,727	$	180,570

Interest Expense 12/15/26	 $	144,381 
Total	$	144,381

Product	Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family 40	196	$	162,369	$828	$891	
Single Family 50	203	$	210,455	$1,037	$1,115	
Single Family 60	8	$	9,945	$1,243	$1,337	
	407	$	382,769			

Ranches at Lake McLeod Community Development District Series 2023 Special Assessment Bonds

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

12/15/25	$	5,500,000.00	$	-	$	146,462.50	$	379,890.63	
6/15/26	$	5,500,000.00	$	90,000.00	$	146,462.50	$	-	
12/15/26	$	5,410,000.00	$	-	$	144,381.25	$	380,843.75	
06/15/27	$	5,410,000.00	$	95,000.00	$	144,381.25	$	-	
12/15/27	$	5,315,000.00	$	-	$	142,184.38	$	381,565.63	
06/15/28	$	5,315,000.00	$	100,000.00	$	142,184.38	$	-	
12/15/28	$	5,215,000.00	$	-	$	139,871.88	$	382,056.25	
06/15/29	$	5,215,000.00	$	105,000.00	$	139,871.88	$	-	
12/15/29	$	5,110,000.00	$	-	$	137,443.75	$	382,315.63	
06/15/30	$	5,110,000.00	$	110,000.00	$	137,443.75	$	-	
12/15/30	$	5,000,000.00	$	-	$	134,900.00	$	382,343.75	
06/15/31	$	5,000,000.00	$	115,000.00	$	134,900.00	$	-	
12/15/31	$	4,885,000.00	$	-	$	131,881.25	$	381,781.25	
06/15/32	$	4,885,000.00	$	120,000.00	$	131,881.25	$	-	
12/15/32	$	4,765,000.00	$	-	$	128,731.25	$	380,612.50	
06/15/33	$	4,765,000.00	$	125,000.00	$	128,731.25	$	-	
12/15/33	$	4,640,000.00	$	-	$	125,450.00	$	379,181.25	
06/15/34	$	4,640,000.00	$	135,000.00	$	125,450.00	$	-	
12/15/34	$	4,765,000.00	$	-	$	121,906.25	$	382,356.25	
06/15/35	$	4,640,000.00	$	140,000.00	$	121,906.25	$	-	
12/15/35	$	4,640,000.00	$	-	$	118,231.25	$	380,137.50	
06/15/36	$	4,505,000.00	$	150,000.00	$	118,231.25	$	-	
12/15/36	$	4,505,000.00	$	-	$	114,293.75	$	382,525.00	
06/15/37	$	4,365,000.00	$	155,000.00	$	114,293.75	$	-	
12/15/37	$	4,365,000.00	$	-	$	110,225.00	$	379,518.75	
06/15/38	$	4,215,000.00	$	165,000.00	$	110,225.00	$	-	
12/15/38	$	4,215,000.00	$	-	$	105,893.75	$	381,118.75	
06/15/39	$	4,060,000.00	$	175,000.00	$	105,893.75	$	-	
12/15/39	$	4,060,000.00	$	-	$	101,300.00	$	382,193.75	
06/15/40	$	3,895,000.00	$	185,000.00	$	101,300.00	$	-	
12/15/40	$	3,895,000.00	$	-	$	96,443.75	$	382,743.75	
06/15/41	$	3,720,000.00	$	195,000.00	$	96,443.75	$	-	
12/15/41	$	3,720,000.00	$	-	$	91,325.00	$	382,768.75	
06/15/42	$	2,920,000.00	$	205,000.00	$	91,325.00	$	-	
12/15/42	$	2,920,000.00	$	-	$	85,943.75	$	382,268.75	
06/15/43	$	2,920,000.00	$	215,000.00	$	85,943.75	$	-	
12/15/43	$	2,920,000.00	$	-	$	80,300.00	$	381,243.75	

06/15/44	$	2,920,000.00	$	225,000.00	$	80,300.00	$	-	
12/15/44	$	2,695,000.00	$	-	$	74,112.50	$	379,412.50	
06/15/45	$	2,695,000.00	$	240,000.00	$	74,112.50	$	-	
12/15/45	$	2,455,000.00	$	-	$	67,512.50	$	381,625.00	
06/15/46	$	2,455,000.00	$	250,000.00	$	67,512.50	$	-	
12/15/46	$	2,205,000.00	$	-	$	60,637.50	$	378,150.00	
06/15/47	$	2,205,000.00	$	265,000.00	$	60,637.50	$	-	
12/15/47	$	1,940,000.00	$	-	$	53,350.00	$	378,987.50	
06/15/48	$	1,940,000.00	$	280,000.00	$	53,350.00	$	-	
12/15/48	$	1,660,000.00	$	-	$	45,650.00	$	379,000.00	
06/15/49	$	1,660,000.00	$	295,000.00	$	45,650.00	$	-	
12/15/49	$	1,365,000.00	$	-	$	37,537.50	$	378,187.50	
06/15/50	$	1,365,000.00	$	315,000.00	$	37,537.50	$	-	
12/15/50	$	1,050,000.00	$	-	$	28,875.00	$	381,412.50	
06/15/51	$	1,050,000.00	$	330,000.00	$	28,875.00	$	-	
12/15/51	$	720,000.00	$	-	$	19,800.00	$	378,675.00	
06/15/52	$	720,000.00	$	350,000.00	$	19,800.00	$	-	
12/15/52	$	370,000.00	$	-	$	10,175.00	$	379,975.00	
06/15/53	$	370,000.00	$	370,000.00	$	10,175.00	$	380,175.00	
		$	5,665,000	$	5,897,031	$	11,562,031	

Community Development District
Proposed Budget
Debt Service Fund - Series 2025

Proposed Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2025	2/28/25	7 Months	9/30/25	FY2026	

Revenues

Assessments Interest
Carry Forward Surplus

$	297,471	$
$	-	$
$	-	$

-	$	297,471	$
-	$	-	$
-	$	-	$

297,471	$
-	$
-	$

757,450
- 297,471

Total Revenues	$	297,471	$	-	$	297,471	$	297,471	$  1,054,921

Expenditures

Interest - 12/15 Prinicpal - 6/15 Interest - 6/15

$	-	$
$	-	$
$	128,904	$

-	$	-	$
-	$	-	$
-	$	128,904	$

-	$
-	$
128,904	$

297,471
165,000
297,471

Total Expenditures	$	128,904	$	-	$	128,904	$	128,904	$	759,943

Other Financing Sources/(Uses)

Bond Proceeds

$	507,629	$

-	$	507,629	$

507,629	$	-

Excess Revenues/(Expenditures)	$	676,196	$	-	$	676,196	$	676,196	$	294,979

Total Other Financing Sources/(Uses)  $	507,629	$	-	$	507,629	$	507,629	$	-

Interest Expense 12/15/26	 $	293,965 
Total	$	293,965

Maximum Annual	Net Assessment Per	Gross Assessment
Product	Assessable Units	Debt Service	Unit	Per Unit	
Single Family 40	275	$	228,071	$829	$892	
Single Family 50	317	$	329,014	$1,038	$1,116	
Single Family 60	161	$	200,366	$1,245	$1,338	
	753	$	757,450			

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

12/15/25	$	11,085,000.00	$	-	$	297,471.25	$	426,375.46	
6/15/26	$	11,085,000.00	$	165,000.00	$	297,471.25	$	-	
12/15/26	$	10,920,000.00	$	-	$	293,965.00	$	756,436.25	
06/15/27	$	10,920,000.00	$	170,000.00	$	293,965.00	$	-	
12/15/27	$	10,750,000.00	$	-	$	290,352.50	$	754,317.50	
06/15/28	$	10,750,000.00	$	180,000.00	$	290,352.50	$	-	
12/15/28	$	10,570,000.00	$	-	$	286,527.50	$	756,880.00	
06/15/29	$	10,570,000.00	$	185,000.00	$	286,527.50	$	-	
12/15/29	$	10,385,000.00	$	-	$	282,596.25	$	754,123.75	
06/15/30	$	10,385,000.00	$	195,000.00	$	282,596.25	$	-	
12/15/30	$	10,190,000.00	$	-	$	278,452.50	$	756,048.75	
06/15/31	$	10,190,000.00	$	205,000.00	$	278,452.50	$	-	
12/15/31	$	9,985,000.00	$	273,788.75	$	757,241.25	
06/15/32	$	9,985,000.00	$	210,000.00	$	273,788.75	$	-	
12/15/32	$	9,775,000.00	$	-	$	269,011.25	$	752,800.00	
06/15/33	$	9,775,000.00	$	220,000.00	$	269,011.25	$	-	
12/15/33	$	9,555,000.00	$	-	$	264,006.25	$	753,017.50	
06/15/34	$	9,555,000.00	$	230,000.00	$	264,006.25	$	-	
12/15/34	$	9,325,000.00	$	-	$	258,773.75	$	752,780.00	
06/15/35	$	9,325,000.00	$	245,000.00	$	258,773.75	$	-	
12/15/35	$	9,080,000.00	$	-	$	253,200.00	$	756,973.75	
06/15/36	$	9,080,000.00	$	255,000.00	$	253,200.00	$	-	
12/15/36	$	8,825,000.00	$	-	$	246,251.25	$	754,451.25	
06/15/37	$	8,825,000.00	$	270,000.00	$	246,251.25	$	-	
12/15/37	$	8,555,000.00	$	-	$	238,893.75	$	755,145.00	
06/15/38	$	8,555,000.00	$	285,000.00	$	238,893.75	$	-	
12/15/38	$	8,270,000.00	$	-	$	231,127.50	$	755,021.25	
06/15/39	$	8,270,000.00	$	300,000.00	$	231,127.50	$	-	
12/15/39	$	7,970,000.00	$	-	$	222,952.50	$	754,080.00	
06/15/40	$	7,970,000.00	$	320,000.00	$	222,952.50	$	-	
12/15/40	$	7,650,000.00	$	-	$	214,232.50	$	757,185.00	
06/15/41	$	7,650,000.00	$	335,000.00	$	214,232.50	$	-	
12/15/41	$	7,315,000.00	$	-	$	205,103.75	$	754,336.25	
06/15/42	$	7,315,000.00	$	355,000.00	$	205,103.75	$	-	
12/15/42	$	6,960,000.00	$	-	$	195,430.00	$	755,533.75	
06/15/43	$	6,960,000.00	$	375,000.00	$	195,430.00	$	-	
12/15/43	$	6,585,000.00	$	-	$	185,211.25	$	755,641.25	

DATE	BALANCE	PRINCIPAL	INTEREST		TOTAL	

06/15/44	
$	6,585,000.00	
$	395,000.00	
$	185,211.25	
$	
-	
12/15/44	$	6,190,000.00	$	-	$	174,447.50	$	754,658.75	
06/15/45	$	6,190,000.00	$	420,000.00	$	174,447.50	$	-	
12/15/45	$	5,770,000.00	$	-	$	163,002.50	$	757,450.00	
06/15/46	$	5,770,000.00	$	440,000.00	$	163,002.50	$	-	
12/15/46	$	5,330,000.00	$	-	$	150,572.50	$	753,575.00	
06/15/47	$	5,330,000.00	$	465,000.00	$	150,572.50	$	-	
12/15/47	$	4,865,000.00	$	-	$	137,436.25	$	753,008.75	
06/15/48	$	4,865,000.00	$	495,000.00	$	137,436.25	$	-	
12/15/48	$	4,370,000.00	$	-	$	123,452.50	$	755,888.75	
06/15/49	$	4,370,000.00	$	525,000.00	$	123,452.50	$	-	
12/15/49	$	3,845,000.00	$	-	$	108,621.25	$	757,073.75	
06/15/50	$	3,845,000.00	$	555,000.00	$	108,621.25	$	-	
12/15/50	$	3,290,000.00	$	-	$	92,942.50	$	756,563.75	
06/15/51	$	3,290,000.00	$	585,000.00	$	92,942.50	$	-	
12/15/51	$	2,705,000.00	$	-	$	76,416.25	$	754,358.75	
06/15/52	$	2,705,000.00	$	620,000.00	$	76,416.25	$	-	
12/15/52	$	2,085,000.00	$	-	$	58,901.25	$	755,317.50	
06/15/53	$	2,085,000.00	$	655,000.00	$	58,901.25	$	-	
12/15/53	$	1,430,000.00		$	40,397.50	$	754,298.75	
06/15/54	$	1,430,000.00	$	695,000.00	$	40,397.50	$	-	
12/15/54	$	735,000.00	$	-	$	20,763.75	$	756,161.25	
06/15/55	$	735,000.00	$	735,000.00	$	20,763.75	$	755,763.75	
		$	11,085,000	$	11,997,507	$	23,082,507	

Community Development District
Proposed Budget Capital Reserve Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2024	2/28/25	7 Months	9/30/25	FY2026	

Revenues

Carry Forward Surplus

$	50,000	$

50,000	$

-	$	50,000	$

100,000

Total Revenues	$	50,000	$	50,000	$	-	$	50,000	$	100,000

Expenditures

Capital Outlay

$	-	$

-	$	-	$	-	$	-

Total Expenditures	$	-	$	-	$	-	$	-	$	-

Other Financing Sources/(Uses)

Interfund Transfer In/(Out)

$	50,000	$

-	$	50,000	$

50,000	$

50,000

Excess Revenues/(Expenditures)	$	100,000	$	50,000	$	50,000	$	100,000	$	150,000

Total Other Financing Sources/(Uses)  $	50,000	$	-	$	50,000	$	50,000	$	50,000