Forest Lake
Community Development District

Adopted Budget
FY2025

6M3

Table of Contents

1-2	General Fund	

3-7	

General Fund Narrative	

8	

Series 2020 Debt Service Fund	

9-10	

Series 2020 Amortization Schedule	

11	

Series 2022 Debt Service Fund	

12-13	

Series 2022 Amortization Schedule	

14	

Capital Reserve Fund	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues						
Assessments - Tax Roll	$	617,756	$	623,655	$	-	$	623,655	$	617,756	
Miscellaneous Income	$	-	$	60	$	-	$	60	$	-	
Total Revenues	$	617,756	$	623,715	$	-	$	623,715	$	617,756	

Expenditures						
Administrative
Supervisor Fees	

$	12,000	

$	3,800	

$	1,000	

$	4,800	

$	12,000	
Engineering	$	15,000	$	-	$	7,500	$	7,500	$	15,000	
Attorney	$	30,000	$	14,004	$	5,000	$	19,004	$	30,000	
Annual Audit	$	6,600	$	6,600	$	-	$	6,600	$	6,600	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	6,000	
Arbitrage	$	900	$	450	$	450	$	900	$	900	
Dissemination	$	6,000	$	4,600	$	1,500	$	6,100	$	6,300	
Trustee Fees	$	8,081	$	6,728	$	1,353	$	8,081	$	8,081	
Management Fees	$	40,124	$	30,093	$	10,031	$	40,124	$	45,000	
Information Technology	$	1,800	$	1,350	$	450	$	1,800	$	1,890	
Website Maintenance	$	1,200	$	900	$	300	$	1,200	$	1,260	
Postage & Delivery	$	1,000	$	558	$	250	$	808	$	1,050	
Insurance	$	6,397	$	5,758	$	-	$	5,758	$	6,334	
Copies	$	500	$	33	$	25	$	58	$	500	
Legal Advertising	$	5,000	$	-	$	1,250	$	1,250	$	5,000	
Other Current Charges	$	1,500	$	398	$	135	$	533	$	1,500	
Office Supplies	$	625	$	21	$	15	$	36	$	625	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	141,902	$	80,469	$	29,259	$	109,728	$	148,215	

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Operations & Maintenance						
Field Expenditures						
Property Insurance	$	14,118	$	14,586	$	-	$	14,586	$	16,045	
Field Management	$	16,695	$	12,521	$	4,174	$	16,695	$	17,530	
Landscape Maintenance	$	127,000	$	65,937	$	21,927	$	87,864	$	95,902	
Landscape Replacement	$	12,000	$	-	$	6,000	$	6,000	$	16,000	
Streetlights	$	42,410	$	19,136	$	6,300	$	25,436	$	42,410	
Electric	$	7,260	$	1,657	$	750	$	2,407	$	7,260	
Water & Sewer	$	1,000	$	1,870	$	900	$	2,770	$	1,000	
Sidewalk & Asphalt Maintenance	$	2,500	$	-	$	1,250	$	1,250	$	2,500	
Irrigation Repairs	$	7,500	$	2,298	$	1,875	$	4,173	$	7,500	
General Repairs & Maintenance	$	12,000	$	9,500	$	2,500	$	12,000	$	15,000	
Contingency	$	7,500	$	5,934	$	1,566	$	7,500	$	10,000	
Subtotal Field Expenditures	$	249,983	$	133,439	$	47,242	$	180,681	$	231,146	

Amenity Expenses						
Amenity - Electric	$	13,794	$	10,818	$	3,969	$	14,787	$	15,173	
Amenity - Water	$	4,066	$	4,775	$	1,380	$	6,155	$	4,066	
Playground Lease	$	28,688	$	21,516	$	7,172	$	28,688	$	28,688	
Internet	$	1,500	$	890	$	324	$	1,214	$	1,500	
Pest Control	$	528	$	360	$	120	$	480	$	648	
Janitorial Services	$	9,600	$	7,315	$	2,400	$	9,715	$	10,400	
Security Services	$	33,500	$	7,969	$	8,375	$	16,344	$	33,500	
Pool Maintenance	$	19,800	$	18,530	$	8,550	$	27,080	$	23,700	
Amenity Management	$	5,250	$	4,257	$	1,314	$	5,571	$	10,000	
Amenity Repairs & Maintenance	$	10,000	$	1,919	$	2,000	$	3,919	$	10,000	
Contingency	$	7,500	$	1,968	$	1,875	$	3,843	$	7,500	
Subtotal Amenity Expenditures	$	134,226	$	80,316	$	37,479	$	117,795	$	145,175	
						
Total Operations & Maintenance	$	384,209	$	213,755	$	84,721	$	298,476	$	376,322	

Other Expenditures						
Capital Reserves - Transfer	$	91,645	$	-	$	91,645	$	91,645	$	93,219	
Total Other Expenditures	$	91,645	$	-	$	91,645	$	91,645	$	93,219	
						
Total Expenditures	$	617,756	$	294,223	$	205,625	$	499,848	$	617,756	
						
Excess Revenues/(Expenditures)	$	-	$	329,492	$	(205,625)	$	123,867	$	-	
		
Net Assessments	
$	617,756	
		Add: Discounts & Collections 7%	$	46,498	
		Gross Assessments	$	664,254	
		
Assessable Units	
574	
		Per Unit Gross Assessment	$	1,157.24	
				
		Per Unit Net Assessment	$	1,076.23	
				
FY24 Gross Per Unit	FY25 Gross Per Unit			
	Assessment	Assessment	Increase	
$1,157.24	$1,157.24	$0.00

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, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering

The District's engineer, Wood & Associates Engineering, LLC, 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, Kilinski I Wyk, PLLC, 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. The District is currently contracted with Grau & Associates for these services.

Assessment Administration

The District has contracted 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.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2020 bonds and another anticipated bond issuance.

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. This cost is based upon the Series 2020 bonds and another anticipated bond issuance.

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 services.

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 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.

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 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 coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Field Management

Governmental Management Services-Central Florida, LLC, provides onsite field management of contracts for the District such as landscape maintenance. Services can 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. The District has contracted with Prince & Sons, Inc. to provide these services.

Landscape Replacement

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

Streetlights

Represents the cost to maintain streetlights currently in place within the District Boundaries.

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.

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.

Playground Lease

Represents the estimated amount paid for the leasing agreement for playgrounds installed in the community.

Internet

Represents internet service for use at the Amenity Facilities. Services are provided by Spectrum.

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, as well as maintaining security systems.

Pool Maintenance

Represents the costs of regular cleaning and treatments of the District’s pool. The services are provided by Resort Pool Services.

Amenity Management

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.

Amenity Repairs & Maintenance

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

Contingency

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

Other Expenses:

Capital Reserves

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

Adopted Budget
Series 2020 Debt Service Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues						
Special Assessments	$	498,246	$	503,119	$	-	$	503,119	$	498,246	
Interest	$	-	$	18,057	$	4,514	$	22,571	$	11,285	
Carry Forward Surplus	$	192,024	$	190,806	$	-	$	190,806	$	218,402	
Total Revenues	$	690,270	$	711,982	$	4,514	$	716,496	$	727,934	

Expenditures						
Interest Expense - 11/1	$	161,547	$	161,547	$	-	$	161,547	$	159,250	
Principal Expense - 5/1	$	175,000	$	175,000	$	-	$	175,000	$	180,000	
Interest Expense - 5/1	$	161,547	$	161,547	$	-	$	161,547	$	159,250	
Total Expenditures	$	498,094	$	498,094	$	-	$	498,094	$	498,500	
						
Excess Revenues/(Expenditures)	$	192,177	$	213,888	$	4,514	$	218,402	$	229,434	

Interest Expense 11/1/25	 $	156,888 

Total

$	156,888

Total Net	Net Assessment Per	Gross Assessment
Product	Assessable Units	Assessments	Unit	Per Unit	
SF - Phase 1	203	$	273,934	$1,349	$1,451	
SF - Phase 2	185	$	224,312	$1,212	$1,304	
	388	$	498,246			

	Series	2020 Special Assessment Bonds Amortization Schedule		
Date		Balance	Prinicpal	Interest	Total	

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	

Series 2020 Special Assessment Bonds Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

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	
			$	8,210,000	$	5,330,538	$	13,877,084	

Adopted Budget
Series 2022 Debt Service Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Adopted Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues						
Special Assessments	$	140,650	$	144,643	$	-	$	144,643	$	140,650	
Interest	$	-	$	5,682	$	1,420	$	7,102	$	3,551	
Carry Forward Surplus	$	151,304	$	85,778	$	-	$	85,778	$	87,617	
Total Revenues	$	291,954	$	236,103	$	1,420	$	237,523	$	231,818	

Expenditures						
Interest Expense - 11/1	$	54,953	$	54,953	$	-	$	54,953	$	54,241	
Special Call - 11/1	$	-	$	10,000	$	-	$	10,000	$	-	
Principal Expense - 5/1	$	30,000	$	30,000	$	-	$	30,000	$	35,000	
Interest Expense - 5/1	$	54,953	$	54,953	$	-	$	54,953	$	54,241	
Total Expenditures	$	139,906	$	149,906	$	-	$	149,906	$	143,481	
						
Excess Revenues/(Expenditures)	$	152,048	$	86,197	$	1,420	$	87,617	$	88,337	

Interest Expense 11/1/25	 $	53,409 

Total

$	53,409

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

	Series	2022 Special Assessment Bonds Amortization Schedule		
Date		Balance	Prinicpal	Interest	Total	

11/01/24	
$	
2,020,000.00	
$	-	$	54,240.63	
$	139,193.75	
05/01/25	$	2,020,000.00	$	35,000.00	$	54,240.63	$	-	
11/01/25	$	1,950,000.00	$	-	$	53,409.38	$	142,650.00	
05/01/26	$	1,915,000.00	$	35,000.00	$	53,409.38	$	-	
11/01/26	$	1,915,000.00	$	-	$	52,578.13	$	140,987.50	
05/01/27	$	1,915,000.00	$	35,000.00	$	52,578.13	$	-	
11/01/27	$	1,915,000.00	$	-	$	51,746.88	$	139,325.00	
05/01/28	$	1,915,000.00	$	40,000.00	$	51,746.88	$	-	
11/01/28	$	1,875,000.00	$	-	$	50,746.88	$	142,493.75	
05/01/29	$	1,875,000.00	$	40,000.00	$	50,746.88	$	-	
11/01/29	$	1,835,000.00	$	-	$	49,746.88	$	140,493.75	
05/01/30	$	1,835,000.00	$	40,000.00	$	49,746.88	$	-	
11/01/30	$	1,705,000.00	$	-	$	48,746.88	$	138,493.75	
05/01/31	$	1,705,000.00	$	45,000.00	$	48,746.88	$	-	
11/01/31	$	1,705,000.00	$	-	$	47,621.88	$	141,368.75	
05/01/32	$	1,705,000.00	$	45,000.00	$	47,621.88	$	-	
11/01/32	$	1,705,000.00	$	-	$	46,496.88	$	139,118.75	
05/01/33	$	1,705,000.00	$	50,000.00	$	46,496.88	$	-	
11/01/33	$	1,655,000.00	$	-	$	45,153.13	$	141,650.00	
05/01/34	$	1,655,000.00	$	50,000.00	$	45,153.13	$	-	
11/01/34	$	1,605,000.00	$	-	$	43,809.38	$	138,962.50	
05/01/35	$	1,605,000.00	$	55,000.00	$	43,809.38	$	-	
11/01/35	$	1,550,000.00	$	-	$	42,331.25	$	141,140.63	
05/01/36	$	1,550,000.00	$	55,000.00	$	42,331.25	$	-	
11/01/36	$	1,495,000.00	$	-	$	40,853.13	$	138,184.38	
05/01/37	$	1,495,000.00	$	60,000.00	$	40,853.13	$	-	
11/01/37	$	1,435,000.00	$	-	$	39,240.63	$	140,093.75	
05/01/38	$	1,435,000.00	$	65,000.00	$	39,240.63	$	-	
11/01/38	$	1,370,000.00	$	-	$	37,493.75	$	141,734.38	
05/01/39	$	1,370,000.00	$	65,000.00	$	37,493.75	$	-	
11/01/39	$	1,305,000.00	$	-	$	35,746.88	$	138,240.63	
05/01/40	$	1,160,000.00	$	70,000.00	$	35,746.88	$	-	
11/01/40	$	1,080,000.00	$	-	$	33,865.63	$	139,612.50	
05/01/41	$	1,080,000.00	$	75,000.00	$	33,865.63	$	-	
11/01/41	$	1,080,000.00	$	-	$	31,850.00	$	140,715.63	
05/01/42	$	1,080,000.00	$	80,000.00	$	31,850.00	$	-	
11/01/42	$	1,080,000.00	$	-	$	29,700.00	$	141,550.00	
05/01/43	$	1,080,000.00	$	85,000.00	$	29,700.00	$	-	
11/01/43	$	995,000.00	$	-	$	27,362.50	$	142,062.50	

Series 2022 Special Assessment Bonds Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

05/01/44	$	995,000.00	$	90,000.00	$	27,362.50	$	-	
11/01/44	$	905,000.00	$	-	$	24,887.50	$	142,250.00	
05/01/45	$	905,000.00	$	90,000.00	$	24,887.50	$	-	
11/01/45	$	815,000.00	$	-	$	22,412.50	$	137,300.00	
05/01/46	$	815,000.00	$	100,000.00	$	22,412.50	$	-	
11/01/46	$	715,000.00	$	-	$	19,662.50	$	142,075.00	
05/01/47	$	715,000.00	$	105,000.00	$	19,662.50	$	-	
11/01/47	$	610,000.00	$	-	$	16,775.00	$	141,437.50	
05/01/48	$	610,000.00	$	110,000.00	$	16,775.00	$	-	
11/01/48	$	500,000.00	$	-	$	13,750.00	$	140,525.00	
05/01/49	$	500,000.00	$	115,000.00	$	13,750.00	$	-	
11/01/49	$	385,000.00	$	-	$	10,587.50	$	139,337.50	
05/01/50	$	385,000.00	$	120,000.00	$	10,587.50	$	-	
11/1/50	$	265,000.00	$	-	$	7,287.50	$	137,875.00	
5/1/51	$	265,000.00	$	130,000.00	$	7,287.50	$	-	
11/1/51	$	135,000.00	$	-	$	3,712.50	$	141,000.00	
5/1/52	$	135,000.00	$	135,000.00	$	3,712.50	$	138,712.50	
			$	2,020,000	$	1,963,631	$	4,068,584	

Forest Lake
Community Development District
Adopted Budget Capital Reserve Fund

Adopted Budget
FY2024

Actuals Thru
6/30/24

Projected Next
3 Months

Total Thru
9/30/24

Adopted Budget
FY2025

Revenues

Carry Forward Surplus

$	-	$

-	$	-	$

-	$	91,645

Total Revenues	$	-	$	-	$	-	$	-	$	91,645

Expenditures

Chair Lift Replacement Mailbox Coverings Traffic Enhancements Pool Furniture

$	-	$
$	-	$
$	-	$
$	-	$

-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$

-	$	10,500
-	$	65,000
-	$	16,000
-	$	10,000

Total Expenditures	$	-	$	-	$	-	$	-	$	101,500

Other Financing Sources/(Uses)

Transfer In/(Out)	$	91,645	$	-	$	91,645	$	91,645	$	93,219	
Total Other Financing Sources/(Uses)	$	91,645	$	-	$	91,645	$	91,645	$	93,219	
					
Excess Revenues/(Expenditures)	$	91,645	$	-	$	91,645	$	91,645	$	83,364