Ave Maria Stewardship Community District

Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
FISCAL YEAR 2020/2021 BUDGET

TABLE OF CONTENTS

Budget Summary
Final Budget	3
Detailed Final Budget	4
Budget Comparison To Previous Year	5
Debt Service
Detailed Final Series 2019 (refi of 2006) Debt Service Fund Budget	6
Detailed Final Series 2012 Debt Service Fund Budget	7
Detailed Final Series 2015 (Maple Ridge) Debt Service Fund Budget	8
Detailed Final Series 2016 (Maple Ridge) Debt Service Fund Budget	9
Detailed Final Series 2016 BANS Debt Service Fund Budget	10
Detailed Final Series 2018 (Maple Ridge) Debt Service Fund Budget	11
Detailed Final Series 2020 (Maple Ridge) Debt Service Fund Budget	12
Maintenance & Assessments Breakdown
Detailed Final Maintenance Budget	13
Assessment Breakdown	14
Assessment Comparison	15

2%

28%

Assessments

72%

Developer Contributions

2%

11%

Administrative

Maintenance

85%

Debt Payments

Discounts & Fees

FINAL BUDGET
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

Sources	Revenue	Percentage	
Assessments	$	5,276,903	28%	
Developer Contributions	$	13,598,479	72%	
Other	$	1	0%	
Total Revenue	$	18,875,383	100%	

Sources	Expenditures	Percentage	
Administrative	$	299,198	2%	
Maintenance	$	2,160,000	11%	
Debt Payments	$	16,020,417	85%	
Discounts & Fees	$	395,768	2%	
Total Expenditures	$	18,875,383	100%	

DETAILED FINAL BUDGET
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2020/2021 BUDGET	
O & M ASSESSMENTS	1,264,670	
DEBT ASSESSMENTS	4,012,233	
DEVELOPER CONTRIBUTION FOR O & M	1,289,378	
DEVELOPER CONTRIBUTION FOR DEBT	12,309,101	
OTHER REVENUES	0	
INTEREST	1	
		
TOTAL REVENUES	$	18,875,383	
		
EXPENDITURES		
		
ADMINISTRATIVE EXPENDITURES		
SUPERVISORS FEES	8,000	
PAYROLL TAX EXPENSE	612	
ENGINEERING	55,000	
MANAGEMENT	70,216	
SECRETARIAL	4,500	
LEGAL	60,000	
ASSESSMENT ROLL	15,000	
AUDIT FEES	13,000	
ARBITRAGE REBATE FEE	3,250	
TRAVEL & LODGING	4,000	
INSURANCE	11,870	
LEGAL ADVERTISING	5,000	
MISCELLANEOUS	4,000	
POSTAGE	1,750	
OFFICE SUPPLIES	3,500	
DUES, LICENSE, & SUBSCRIPTIONS	500	
MISCELLANEOUS FILINGS, NOTICES, ETC.	500	
WEBSITE HOSTING FEES	2,500	
TRUSTEE FEES	27,000	
CONTINUING DISCLOSURE FEE	9,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	299,198	
		
MAINTENANCE EXPENDITURES		
MAINTENANCE	2,160,000	
		
TOTAL MAINTENANCE EXPENDITURES	$	2,160,000	
		
TOTAL EXPENDITURES	$	2,459,198	
		
EXCESS OR (SHORTFALL)	$	16,416,185	
		
BOND PAYMENTS	$	(16,020,417)	
		
BALANCE	$	395,768	
		
COUNTY APPRAISER & TAX COLLECTOR COST	(184,692)	
DISCOUNTS FOR EARLY PAYMENTS	(211,076)	
		
NET EXCESS / (SHORTFALL)	$	-	
Note: Reserve Fund Balance As Of 4-30-20 is $192,015

DETAILED FINAL BUDGET COMPARISON AVE MARIA STEWARDSHIP COMMUNITY DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2018/2019
ACTUAL	
FISCAL YEAR 2019/2020
BUDGET	
FISCAL YEAR 2020/2021
BUDGET	

COMMENTS	
O & M ASSESSMENTS	919,247	917,903	1,264,670	See Detail on Page 9	
DEBT ASSESSMENTS	2,724,320	2,368,393	4,012,233	See Detail on Page 9	
DEVELOPER CONTRIBUTION FOR O & M	1,225,358	1,300,488	1,289,378		
DEVELOPER CONTRIBUTION FOR DEBT	2,374,294	2,600,602	12,309,101		
OTHER REVENUES / FEMA	367,663	0	0		
INTEREST	773	0	1		
					
TOTAL REVENUES	$	7,611,654	$	7,187,386	$	18,875,383		
					
EXPENDITURES					
					
ADMINISTRATIVE EXPENDITURES					
SUPERVISORS FEES	6,600	8,000	8,000	No Change From Previous Budget	
PAYROLL TAX EXPENSE	505	612	612	Supervisor Fees * 7.65%	
ENGINEERING	51,253	50,000	55,000	$5,000 Increase From Previous Budget	
MANAGEMENT	70,216	70,216	70,216	No Change From Previous Budget	
SECRETARIAL	4,500	4,500	4,500	No Change From Previous Budget	
LEGAL	56,180	55,000	60,000	$5,000 Increase From Previous Budget	
ASSESSMENT ROLL	15,000	15,000	15,000	No Change From Previous Budget	
AUDIT FEES	11,500	12,500	13,000	$500 Increase From Previous Budget	
ARBITRAGE REBATE FEE	2,600	2,600	3,250	$650 Increase From Previous Budget	
TRAVEL & LODGING	4,900	2,000	4,000	$2,000 Increase From Previous Budget	
INSURANCE	9,327	11,870	11,870	No Change From Previous Budget	
LEGAL ADVERTISING	3,175	5,000	5,000	No Change From Previous Budget	
MISCELLANEOUS	3,984	4,000	4,000	No Change From Previous Budget	
POSTAGE	1,897	1,750	1,750	No Change From Previous Budget	
OFFICE SUPPLIES	3,352	3,500	3,500	No Change From Previous Budget	
DUES, LICENSE, & SUBSCRIPTIONS	175	500	500	No Change From Previous Budget	
MISCELLANEOUS FILINGS, NOTICES, ETC.	0	500	500	No Change From Previous Budget	
WEBSITE HOSTING FEES	2,500	2,500	2,500	No Change From Previous Budget	
TRUSTEE FEES	25,337	22,000	27,000	$5,000 Increase From Previous Budget	
CONTINUING DISCLOSURE FEE	9,000	9,000	9,000	No Change From Previous Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	282,001	$	281,048	$	299,198		
					
MAINTENANCE EXPENDITURES					
MAINTENANCE	2,119,645	1,868,500	2,160,000	Total Maintenance - See Detail On Page 12	
					
TOTAL MAINTENANCE EXPENDITURES	$	2,119,645	$	1,868,500	$	2,160,000		
					
TOTAL EXPENDITURES	$	2,401,646	$	2,149,548	$	2,459,198		
					
EXCESS OR (SHORTFALL)	$	5,210,008	$	5,037,838	$	16,416,185		
					
BOND PAYMENTS	(4,946,131)	$	(4,791,366)	$	(16,020,417)	2020 P & I Payments	
					
BALANCE	$	263,877	$	246,472	$	395,768		
					
COUNTY APPRAISER & TAX COLLECTOR COST	(49,309)	(115,020)	(184,692)	3.5% Of Total Roll (2% Appraiser, 1.5% Collector)	
DISCOUNTS FOR EARLY PAYMENTS	(133,688)	(131,452)	(211,076)	4% Of Total Tax Roll	
					
NET EXCESS / (SHORTFALL)	$	80,880	$	-	$	-		
Note: Reserve Fund Balance As Of 4-30-20 is $192,015

DETAILED FINAL DEBT SERVICE BUDGET AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2019
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2018/2019
ACTUAL	FISCAL YEAR 2019/2020
BUDGET	FISCAL YEAR 2020/2021
BUDGET	
Interest Income (19) (refi of 06)	72,877	100	1,073	
Net NAV Collection (19) (refi of 06)	1,732,206	1,368,889	1,368,371	
Developer Contribution (refi of 06)	0	0	0	
Prepaid Bonds (19) (refi of 06)	42,643	0	0	
Series 2019 Bond Proceeds	20,310,000			
				
Total Revenues	$	22,157,726	$	1,368,989	$	1,369,444	
				
EXPENDITURES				
Principal Payments (19) (refi of 06)	21,060,000	865,000	885,000	
Extraordinary Principal Pymt (19) (refi of 06)	0	1,745	0	
Interest Payments (19) (refi of 06)	1,336,261	502,244	484,444	
Cost of Issuance	1,224,142			
				
Total Expenditures	$	23,620,403	$	1,368,989	$	1,369,444	
				
Net Excess/ (Shortfall)	$	(1,462,677)	$	-	$	-	

Series 2019 Bond Information (Refi of 2006)		
Original Par Amount =	$20,310,000	Annual Principal Payments Due:	
Average Interest Rate =	2.725%	May 1st	
Issue Date =	June 2019	Annual Interest Payments Due:	
Maturity Date =	May 2038	May 1st & November 1st	
Par Amount As Of 1/1/19 =	$20,310,000		

DETAILED FINAL DEBT SERVICE BUDGET AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2012
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2018/2019
ACTUAL	FISCAL YEAR 2019/2020
BUDGET	FISCAL YEAR 2020/2021
BUDGET	
Interest Income (12)	52,589	100	100	
Net NAV Collection (12)	1,336,453	375,040	1,010,592	
Developer Contribution (12)	855,127	1,870,210	1,234,985	
Prepaid Bonds (12)	0	0	0	
				
Total Revenues	$	2,244,168	$	2,245,350	$	2,245,678	
				
EXPENDITURES				
Principal Payments (12)	465,000	500,000	535,000	
Extraordinary Principal Payments (12)	20,000	0	0	
Interest Payments (12)	1,793,925	1,745,350	1,710,678	
				
Total Expenditures	$	2,278,925	$	2,245,350	$	2,245,678	
				
Net Excess/ (Shortfall)	$	(34,757)	$	-	$	-	

Series 2012 Bond Information		
Original Par Amount =	$29,100,000	Annual Principal Payments Due:	
Interest Rate =	6.700%	May 1st	
Issue Date =	June 2012	Annual Interest Payments Due:	
Maturity Date =	May 2042	May 1st & November 1st	
Par Amount As Of 1/1/19 =	$26,765,000		

DETAILED FINAL DEBT SERVICE BUDGET AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2015 (MAPLE RIDGE) FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2018/2019
ACTUAL	FISCAL YEAR 2019/2020
BUDGET	FISCAL YEAR 2020/2021
BUDGET	
Interest Income (15)	5,001	100	100	
Net NAV Collection (15)	173,268	168,781	163,890	
Developer Contribution (15)	0	0	3,767	
Prepaid Bonds (15)	0	0	0	
				
Total Revenues	$	178,269	$	168,881	$	167,756	
				
EXPENDITURES				
Principal Payments (15)	45,000	45,000	45,000	
Extraordinary Principal Payments (15)	0	0	0	
Interest Payments (15)	127,256	123,881	122,756	
				
Total Expenditures	$	172,256	$	168,881	$	167,756	
				
Net Excess/ (Shortfall)	$	6,013	$	-	$	-	

Series 2015 Bond (Maple Ridge) Information		
Original Par Amount =	$2,530,000	Annual Principal Payments Due:	
Interest Rate =	5.0% - 5.375%	May 1st	
Issue Date =	February 2015	Annual Interest Payments Due:	
Maturity Date =	May 2045	May 1st & November 1st	
Par Amount As Of 1/1/19 =	$2,415,000		

DETAILED FINAL DEBT SERVICE BUDGET AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2016 (MAPLE RIDGE) FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2018/2019
ACTUAL	FISCAL YEAR 2019/2020
BUDGET	FISCAL YEAR 2020/2021
BUDGET	
Interest Income (16)	4,479	100	100	
Net NAV Collection (16)	231,397	226,181	226,663	
Developer Contribution (16)	0	0	0	
Prepaid Bonds (16)	0	0	0	
				
Total Revenues	$	235,876	$	226,281	$	226,763	
				
EXPENDITURES				
Principal Payments (16)	50,000	55,000	55,000	
Extraordinary Principal Payments (16)	0	0	3,369	
Interest Payments (16)	175,350	171,281	168,394	
				
Total Expenditures	$	225,350	$	226,281	$	226,763	
				
Net Excess/ (Shortfall)	$	10,526	$	-	$	-	

Note: Capitalized Interest Was Set-Up Through November 1, 2017

Series 2016 Bond (Maple Ridge) Information		
Original Par Amount =	$3,390,000	Annual Principal Payments Due:	
Interest Rate =	5.250%	May 1st	
Issue Date =	October 2016	Annual Interest Payments Due:	
Maturity Date =	May 2047	May 1st & November 1st	
Par Amount As Of 1/1/19 =	$3,340,000		

DETAILED FINAL DEBT SERVICE BUDGET
AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT
DEBT SERVICE FUND - SERIES 2016 (BOND ANTICIPATION NOTES) FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2018/2019
ACTUAL	FISCAL YEAR 2019/2020
BUDGET	FISCAL YEAR 2020/2021
BUDGET	
Interest Income (16 BANS)	9,848	100	100	
Net NAV Collection (16 BANS)	0	0	0	
Developer Contribution (16 BANS)	512,583	512,581	11,597,581	
Prepaid Bonds (16 BANS)	0	0	0	
				
Total Revenues	$	522,431	$	512,681	$	11,597,681	
				
EXPENDITURES				
Principal Payments (16 BANS)	0	0	11,085,000	
Extraordinary Principal Payments (16 BANS)	0	0	0	
Interest Payments (16 BANS)	512,681	512,681	512,681	
				
Total Expenditures	$	512,681	$	512,681	$	11,597,681	
				
Net Excess/ (Shortfall)	$	9,750	$	-	$	-	

Note: Capitalized Interest Was Set-Up Through November 1, 2017

Series 2016 BANS Information		
Original Par Amount =	$11,085,000	Annual Principal Payments Due:	
Interest Rate =	4.630%	N/A	
Issue Date =	October 2016	Annual Interest Payments Due:	
Maturity Date =	November 2021	May 1st & November 1st	
Par Amount As Of 1/1/19 =	$11,085,000		

DETAILED FINAL DEBT SERVICE BUDGET AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2018 (MAPLE RIDGE) FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2018/2019
ACTUAL	FISCAL YEAR 2019/2020
BUDGET	FISCAL YEAR 2020/2021
BUDGET	
Interest Income (18)	669	100	100	
Net NAV Collection (18)	58,010	269,083	211,765	
Developer Contribution (18)	47,088	0	54,377	
Capitalized Interest		0	0	
				
Total Revenues	$	105,767	$	269,183	$	266,243	
				
EXPENDITURES				
Principal Payments (18)	0	60,000	60,000	
Extraordinary Principal Payments (18)	0	0	0	
Interest Payments (18)	189,587	209,183	206,243	
				
Total Expenditures	$	189,587	$	269,183	$	266,243	
				
Net Excess/ (Shortfall)	$	(83,820)	$	-	$	-	

Note: Capitalized Interest Was Set-Up Through May 1, 2019

Series 2018 Bond (Maple Ridge) Information		
Original Par Amount =	$4,000,000	Annual Principal Payments Due:	
Interest Rate =	4.9% - 5.375%	May 1st	
Issue Date =	June 2018	Annual Interest Payments Due:	
Maturity Date =	May 2049	May 1st & November 1st	
Par Amount As Of 1/1/19 =	$4,000,000		

DETAILED FINAL DEBT SERVICE BUDGET AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2018 (MAPLE RIDGE) FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2018/2019
ACTUAL	FISCAL YEAR 2019/2020
BUDGET	FISCAL YEAR 2020/2021
BUDGET	
Interest Income (20)	0	0	0	
Net NAV Collection (20)	0	0	0	
Developer Contribution (20)	0	0	0	
Capitalized Interest		0	146,853	
				
Total Revenues	$	-	$	-	$	146,853	
				
EXPENDITURES				
Principal Payments (20)	0	0	0	
Extraordinary Principal Payments (20)	0	0	0	
Interest Payments (20)	0	0	146,853	
				
Total Expenditures	$	-	$	-	$	146,853	
				
Net Excess/ (Shortfall)	$	-	$	-	$	-	

Note: Capitalized Interest Was Set-Up Through November 1, 2022

Series 2018 Bond (Maple Ridge) Information		
Original Par Amount =	$3,440,000	Annual Principal Payments Due:	
Interest Rate =	3.8% - 4.45%	May 1st	
Issue Date =	July 2020	Annual Interest Payments Due:	
Maturity Date =	May 2052	May 1st & November 1st	
Par Amount As Of 1/1/19 =	$3,440,000		

DETAILED FINAL MAINTENANCE BUDGET AVE MARIA STEWARDSHIP COMMUNITY DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

	FISCAL YEAR 2018/2019
ACTUAL	FISCAL YEAR 2019/2020
BUDGET	FISCAL YEAR 2020/2021
BUDGET	
MAINTENANCE EXPENDITURES				
				
AQUATIC REPLACEMENTS	0	0	0	
IRRIGATION REPAIR	108,693	85,000	85,000	
MISCELLANEOUS MAINTENANCE	22,762	0	10,000	
ELECTRIC (STREETLIGHTS, LANDSCAPE)	85,575	85,000	85,000	
STREET SWEEPING	0	5,000	1,000	
STRIPING & TRAFFIC MARKINGS	50,655	25,000	25,000	
STREET LIGHT MAINTENANCE	51,106	50,000	60,000	
SIDEWALK / CURB REPAIRS	42,928	40,000	50,000	
LANDSCAPE MAINT / ENHANCE (ROADWAY, ENTRIES):	39,156	0	30,000	
MAINTENANCE CONTRACTS	626,353	615,000	630,000	
TREE TRIMMING	0	45,000	30,000	
STORM CLEANUP	0	25,000	25,000	
STORM CLEANUP - ELECTRIC	0	0	25,000	
STORM CLEANUP - LANDSCAPING	0	0	25,000	
PLANT REPLACEMENT	45,384	30,000	70,000	
MULCH & MISCELLANEOUS	138,600	140,000	140,000	
WATER MANAGEMENT & DRAINAGE	3,600	4,000	4,000	
ENTRY FEATURE WATER	4,784	1,000	3,000	
IRRIGATION WATER	68,750	100,000	70,000	
FOUNTAIN MAINTENANCE	4,307	10,000	15,000	
RODENT / PEST CONTROL	6,375	4,000	4,000	
EQUIPMENT REPAIR	2,370	0	2,000	
SIGNAGE REPAIR	8,494	10,000	10,000	
STORM DRAIN CLEANING	0	15,000	10,000	
DRAINAGE / LAKE MAINTENANCE/ LITTORALS	90,750	60,000	75,000	
AERATORS	0	1,000	1,000	
PRESERVE MAINTENANCE	41,083	50,000	50,000	
SMALL TOOLS	1,166	2,500	2,500	
VEHICLE LEASE / FUEL / REPAIRS (MAINT TECH)	4,418	5,000	20,000	
MOSQUITO CONTROL	381,208	200,000	300,000	
TEMP FIRE FACILITY OPERATING COSTS	93,588	80,000	90,000	
MAINTENANCE TECHNICIANS	93,371	85,500	100,000	
BASE MANAGEMENT FEE	19,087	20,000	20,000	
ADMIN PAYROLL	48,233	30,000	50,000	
				
TOTAL MAINTENANCE EXPENDITURES	$	2,082,795	$	1,823,000	$	2,117,500	
				
RESERVE FUND	27,500	27,500	27,500	
CONTINGENCY FUND	9,350	15,000	15,000	
				
TOTAL	$	2,119,645	$	1,865,500	$	2,160,000	

Ave Maria Stewardship Community District Assessment Breakdown 2020-2021

O&M Assessments*
	Number of Total			Category Total	
	Units Platted for		Per Unit Operation	Operation &	
	Fiscal Year 2020-		& Maintenance	Maintenance	
	 	2021			        Assessment		        Assessment		
 	Residential			 	Per				
Multi Family / Attached	250	Unit	$	326.15	$	81,537.50	
Single Family / Detached	3,089	Unit	$	326.15	$ 1,007,477.35	

 	Other Uses			
 	Per				
ALF Apartments	0	Unit	$	27.78	$	-	
Apartments	0	Unit	$	69.44	$	-	
Low Affordable Housing	48	Unit	$	48.54	$	2,329.92	
Retail/Entertainment/Service	140,442	Sq. Ft.	$	0.37	$	51,963.54	
Professional Offices	51,529	Sq. Ft.	$	0.23	$	11,851.67	
Light Manufacturing	508,807	Sq. Ft.	$	0.15	$	76,321.05	
Hotel	0	Room	$	273.07	$	-	
Medical Facilities	10,904	Sq. Ft.	$	0.75	$	8,178.00	
Institutional - AM University	1,093	Student	$	16.58	$	18,121.94	
Private K-12 School	266	Student	$	25.90	$	6,889.40	

Total				$ 1,264,670.37	

Debt Assessments *

Gross Units Platted	
Units Prepaid	
Net Units Assessed	
Series 2019 Bonds	
Series 2012 Bonds	
Series 2015 MR Bonds	
Series 2016 MR Bonds	
Series 2018 MR Bonds	
Series 2020 MR Bonds	Total Debt
Assessment Per Unit	Total Debt
Assessment On Roll	
Multi Family												
	166	(1)	165	$	403.00						$	403.00	66,495.00	
	84		84		$	662.00					$	662.00	55,608.00	
Single Family												
	1167	(11)	1156	$	775.00						$	775.00	895,900.00	
	394		394	$	775.00		$	449.69				$	1,224.69	482,527.86	
	270		270	$	775.00			$	673.19			$	1,448.19	391,011.30	
	3		3	$	775.00				$	667.45		$	1,442.45	4,327.35	
	474	(1)	473		$	1,271.00					$	1,271.00	601,183.00	
	94		94		$	1,271.00		$	673.19			$	1,944.19	182,753.86	
	408		408		$	1,271.00			$	667.45		$	1,938.45	790,887.60	
	279		279		$	1,271.00				$	670.00	$	1,941.00	541,539.00	

3,339	

(13)	
3,326									
Total											4,012,232.97	

* All Assessments Include the Following : 4% Discount for Early Payments
1.5% County Tax Collector Administrative Cost 2% County Property Appraiser Administrative Cost

Page 14

Ave Maria Stewardship Community District Debt Assessment Comparison 2020-2021

 	Type		

   Bonds Series 	

Number of
 	Units		
FY 2019-2020
Per Unit
    Assessment 	
FY 2020-2021
Per Unit
    Assessment 	

Multi Family	
2019	
166	
$729.15	
$729.15	
	2012	84	$988.15	$988.15	
Single Family	2019	1,167	$1,101.15	$1,101.15	
	2019 + 2015	394	$1,550.84	$1,550.84	
	2019 + 2016	270	$1,774.34	$1,774.34	
	2019 + 2018	3	$1,768.60	$1,768.60	
	2012	474	$1,597.15	$1,597.15	
	2012 + 2016	94	$2,270.34	$2,270.34	
	2012 + 2018	408	$2,264.60	$2,264.60	
	2012 + 2020	279	$0.00	$2,267.15	
ALF Apartments		0	$27.78	$27.78	
Apartments		0	$69.44	$69.44	
Low Affordable Housing		48	$48.54	$48.54	
Retail/Entertainment/Service (sqft)		140,442	$0.37	$0.37	
Professional Offices (sqft)		51,529	$0.23	$0.23	
Light Manufacturing (sqft)		508,807	$0.15	$0.15	
Hotel (rooms)		0	$273.07	$273.07	
Medical Facilities (sqft)		10,904	$0.75	$0.75	
Institutional - AM University (students)		1,093	$16.58	$16.58	
Private K-12 School (students)		266	$25.90	$25.90	

Assessments Include the Following : 4% Discount for Early Payments
1.5% County Tax Collector Administrative Cost 2% County Property Appraiser Administrative Cost

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