Ave Maria Stewardship Community District

Proposed Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

AVE MARIA STEWARDSHIP COMMUNITY DISTRICT
FISCAL YEAR 2021/2022 BUDGET

TABLE OF CONTENTS

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

27%

Assessments

73%

Developer Contributions

6%

4%

Administrative

31%

Maintenance

59%

Debt Payments

Discounts & Fees

PROPOSED BUDGET
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

Sources	Revenue	Percentage	
Assessments	$	5,468,704	73%	
Developer Contributions	$	2,024,059	27%	
Other	$	1	0%	
Total Revenue	$	7,492,764	100%	

Sources	Expenditures	Percentage	
Administrative	$	309,198	4%	
Maintenance	$	2,350,500	31%	
Debt Payments	$	4,422,913	59%	
Discounts & Fees	$	410,153	5%	
Total Expenditures	$	7,492,764	100%	

DETAILED PROPOSED BUDGET
AVE MARIA STEWARDSHIP COMMUNITY DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	
FISCAL YEAR 2021/2022 BUDGET	
O & M ASSESSMENTS	1,456,471	
DEBT ASSESSMENTS	4,012,233	
DEVELOPER CONTRIBUTION FOR O & M	1,312,462	
DEVELOPER CONTRIBUTION FOR DEBT	711,597	
OTHER REVENUES	0	
INTEREST	1	
		
TOTAL REVENUES	$	7,492,764	
		
EXPENDITURES		
		
ADMINISTRATIVE EXPENDITURES		
SUPERVISORS FEES	8,000	
PAYROLL TAX EXPENSE	612	
ENGINEERING	55,000	
MANAGEMENT	70,216	
SECRETARIAL	4,500	
LEGAL	70,000	
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	$	309,198	
		
MAINTENANCE EXPENDITURES		
MAINTENANCE	2,350,500	
		
TOTAL MAINTENANCE EXPENDITURES	$	2,350,500	
		
TOTAL EXPENDITURES	$	2,659,698	
		
EXCESS OR (SHORTFALL)	$	4,833,066	
		
BOND PAYMENTS	$	(4,422,913)	
		
BALANCE	$	410,153	
		
COUNTY APPRAISER & TAX COLLECTOR COST	(191,405)	
DISCOUNTS FOR EARLY PAYMENTS	(218,748)	
		
NET EXCESS / (SHORTFALL)	$	-	

Note: Reserve Fund Balance As Of 4-30-21 is $235,332.91

DETAILED PROPOSED BUDGET COMPARISON AVE MARIA STEWARDSHIP COMMUNITY DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	
FISCAL YEAR 2019/2020
ACTUAL	
FISCAL YEAR 2020/2021
BUDGET	
FISCAL YEAR 2021/2022
BUDGET	

COMMENTS	
O & M ASSESSMENTS	1,109,196	1,264,670	1,456,471	See Detail on Page 9	
DEBT ASSESSMENTS	3,223,964	4,012,233	4,012,233	See Detail on Page 9	
DEVELOPER CONTRIBUTION FOR O & M	1,313,971	1,289,378	1,312,462		
DEVELOPER CONTRIBUTION FOR DEBT	1,762,132	12,309,101	711,597		
OTHER REVENUES / FEMA	8,081	0	0		
INTEREST	739	1	1		
					
TOTAL REVENUES	$	7,418,084	$	18,875,383	$	7,492,764		
					
EXPENDITURES					
					
ADMINISTRATIVE EXPENDITURES					
SUPERVISORS FEES	7,800	8,000	8,000	No Change From Previous Budget	
PAYROLL TAX EXPENSE	597	612	612	Supervisor Fees * 7.65%	
ENGINEERING	57,391	55,000	55,000	No Change 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	69,997	60,000	70,000	$10,000 Increase From Previous Budget	
ASSESSMENT ROLL	15,000	15,000	15,000	No Change From Previous Budget	
AUDIT FEES	11,700	13,000	13,000	No Change From Previous Budget	
ARBITRAGE REBATE FEE	3,250	3,250	3,250	No Change From Previous Budget	
TRAVEL & LODGING	1,014	4,000	4,000	No Change From Previous Budget	
INSURANCE	9,706	11,870	11,870	No Change From Previous Budget	
LEGAL ADVERTISING	7,966	5,000	5,000	No Change From Previous Budget	
MISCELLANEOUS	3,805	4,000	4,000	No Change From Previous Budget	
POSTAGE	1,041	1,750	1,750	No Change From Previous Budget	
OFFICE SUPPLIES	2,178	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	25,969	27,000	27,000	No Change From Previous Budget	
CONTINUING DISCLOSURE FEE	7,500	9,000	9,000	No Change From Previous Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	302,303	$	299,198	$	309,198		
					
MAINTENANCE EXPENDITURES					
MAINTENANCE	2,136,010	2,160,000	2,350,500	Total Maintenance - See Detail On Page 12	
					
TOTAL MAINTENANCE EXPENDITURES	$	2,136,010	$	2,160,000	$	2,350,500		
					
TOTAL EXPENDITURES	$	2,438,313	$	2,459,198	$	2,659,698		
					
EXCESS OR (SHORTFALL)	$	4,979,770	$	16,416,185	$	4,833,066		
					
BOND PAYMENTS	(4,801,577)	$	(16,020,417)	$	(4,422,913)	2022 P & I Payments	
					
BALANCE	$	178,194	$	395,768	$	410,153		
					
COUNTY APPRAISER & TAX COLLECTOR COST	(75,958)	(184,692)	(191,405)	3.5% Of Total Roll (2% Appraiser, 1.5% Collector)	
DISCOUNTS FOR EARLY PAYMENTS	(164,529)	(211,076)	(218,748)	4% Of Total Tax Roll	
					
NET EXCESS / (SHORTFALL)	$	(62,294)	$	-	$	-		

Note: Reserve Fund Balance As Of 4-30-21 is $235,332.91

DETAILED PROPOSED DEBT SERVICE BUDGET AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2019
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2019/2020
ACTUAL	FISCAL YEAR 2020/2021
BUDGET	FISCAL YEAR 2021/2022
BUDGET	
Interest Income (19) (refi of 06)	716	1,073	500	
Net NAV Collection (19) (refi of 06)	1,395,000	1,368,371	1,368,371	
Developer Contribution (refi of 06)	0	0	0	
Prepaid Bonds (19) (refi of 06)	0	0	0	
Bond Proceeds	0	0	0	
				
Total Revenues	$	1,395,716	$	1,369,444	$	1,368,871	
				
EXPENDITURES				
Principal Payments (19) (refi of 06)	875,000	885,000	900,000	
Extraordinary Principal Pymt (19) (refi of 06)	0	0	2,277	
Interest Payments (19) (refi of 06)	431,271	484,444	466,594	
Cost of Issuance	0			
				
Total Expenditures	$	1,306,271	$	1,369,444	$	1,368,871	
				
Net Excess/ (Shortfall)	$	89,444	$	-	$	-	

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 PROPOSED DEBT SERVICE BUDGET AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2012
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2019/2020
ACTUAL	FISCAL YEAR 2020/2021
BUDGET	FISCAL YEAR 2021/2022
BUDGET	
Interest Income (12)	18,714	100	100	
Net NAV Collection (12)	1,030,430	1,010,592	1,010,592	
Developer Contribution (12)	1,196,206	1,234,985	1,232,298	
Prepaid Bonds (12)	13,565	0	0	
				
Total Revenues	$	2,258,915	$	2,245,678	$	2,242,990	
				
EXPENDITURES				
Principal Payments (12)	500,000	535,000	570,000	
Extraordinary Principal Payments (12)	0	0	0	
Interest Payments (12)	1,762,100	1,710,678	1,672,990	
				
Total Expenditures	$	2,262,100	$	2,245,678	$	2,242,990	
				
Net Excess/ (Shortfall)	$	(3,185)	$	-	$	-	

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 PROPOSED DEBT SERVICE BUDGET AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2015 (MAPLE RIDGE) FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2019/2020
ACTUAL	FISCAL YEAR 2020/2021
BUDGET	FISCAL YEAR 2021/2022
BUDGET	
Interest Income (15)	1,822	100	100	
Net NAV Collection (15)	166,976	163,890	163,890	
Developer Contribution (15)	0	3,767	5,267	
Prepaid Bonds (15)	0	0	0	
				
Total Revenues	$	168,798	$	167,756	$	169,256	
				
EXPENDITURES				
Principal Payments (15)	45,000	45,000	50,000	
Extraordinary Principal Payments (15)	0	0	0	
Interest Payments (15)	125,006	122,756	119,256	
				
Total Expenditures	$	170,006	$	167,756	$	169,256	
				
Net Excess/ (Shortfall)	$	(1,208)	$	-	$	-	

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 PROPOSED DEBT SERVICE BUDGET AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2016 (MAPLE RIDGE) FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2019/2020
ACTUAL	FISCAL YEAR 2020/2021
BUDGET	FISCAL YEAR 2021/2022
BUDGET	
Interest Income (16)	1,609	100	100	
Net NAV Collection (16)	231,072	226,663	226,663	
Developer Contribution (16)	0	0	0	
Prepaid Bonds (16)	0	0	0	
				
Total Revenues	$	232,681	$	226,763	$	226,763	
				
EXPENDITURES				
Principal Payments (16)	55,000	55,000	60,000	
Extraordinary Principal Payments (16)	0	3,369	1,388	
Interest Payments (16)	172,725	168,394	165,375	
	.			
Total Expenditures	$	227,725	$	226,763	$	226,763	
				
Net Excess/ (Shortfall)	$	4,956	$	-	$	-	

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 PROPOSED DEBT SERVICE BUDGET
AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT
DEBT SERVICE FUND - SERIES 2016 (BOND ANTICIPATION NOTES) FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2019/2020
ACTUAL	FISCAL YEAR 2020/2021
BUDGET	FISCAL YEAR 2021/2022
BUDGET	
Interest Income (16 BANS)	3,685	100	0	
Net NAV Collection (16 BANS)	0	0	0	
Developer Contribution (16 BANS)	512,661	11,597,581	0	
Prepaid Bonds (16 BANS)	0	0	0	
				
Total Revenues	$	516,346	$	11,597,681	$	-	
				
EXPENDITURES				
Principal Payments (16 BANS)	0	11,085,000	0	
Extraordinary Principal Payments (16 BANS)	0	0	0	
Interest Payments (16 BANS)	512,681	512,681	0	
				
Total Expenditures	$	512,681	$	11,597,681	$	-	
				
Net Excess/ (Shortfall)	$	3,665	$	-	$	-	

Note: This Bond is Currently in the Process of Being Refinanced - Funding Numbers Not Currently Available

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 PROPOSED DEBT SERVICE BUDGET AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2018 (MAPLE RIDGE) FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2019/2020
ACTUAL	FISCAL YEAR 2020/2021
BUDGET	FISCAL YEAR 2021/2022
BUDGET	
Interest Income (18)	162	100	100	
Net NAV Collection (18)	215,966	211,765	211,765	
Developer Contribution (18)	53,266	54,377	56,315	
Capitalized Interest		0	0	
				
Total Revenues	$	269,394	$	266,243	$	268,180	
				
EXPENDITURES				
Principal Payments (18)	60,000	60,000	65,000	
Extraordinary Principal Payments (18)	0	0	0	
Interest Payments (18)	210,653	206,243	203,180	
				
Total Expenditures	$	270,653	$	266,243	$	268,180	
				
Net Excess/ (Shortfall)	$	(1,258)	$	-	$	-	

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 PROPOSED DEBT SERVICE BUDGET AVE MARIA STEWARDSHIP DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2020 (MAPLE RIDGE) FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2019/2020
ACTUAL	FISCAL YEAR 2020/2021
BUDGET	FISCAL YEAR 2021/2022
BUDGET	
Interest Income (20)	3	0	0	
Net NAV Collection (20)	0	0	0	
Developer Contribution (20)	0	0	0	
Capitalized Interest		146,853	146,853	
				
Total Revenues	$	3	$	146,853	$	146,853	
				
EXPENDITURES				
Principal Payments (20)	0	0	0	
Extraordinary Principal Payments (20)	0	0	0	
Interest Payments (20)	0	146,853	146,853	
				
Total Expenditures	$	-	$	146,853	$	146,853	
				
Net Excess/ (Shortfall)	$	3	$	-	$	-	

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

Series 2020 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 9/1/20 =	$3,440,000		

DETAILED PROPOSED MAINTENANCE BUDGET AVE MARIA STEWARDSHIP COMMUNITY DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

	FISCAL YEAR 2019/2020
ACTUAL	FISCAL YEAR 2020/2021
BUDGET	FISCAL YEAR 2021/2022
BUDGET	
MAINTENANCE EXPENDITURES				
				
AQUATIC REPLACEMENTS	0	0	0	
IRRIGATION REPAIR	35,554	85,000	95,000	
MISCELLANEOUS MAINTENANCE	3,260	10,000	10,000	
ELECTRIC (STREETLIGHTS, LANDSCAPE)	91,513	85,000	85,000	
STREET SWEEPING	0	1,000	1,000	
STRIPING & TRAFFIC MARKINGS	2,994	25,000	15,000	
STREET LIGHT MAINTENANCE	79,522	60,000	80,000	
SIDEWALK / CURB REPAIRS	94,213	50,000	70,000	
LANDSCAPE MAINT / ENHANCE (ROADWAY, ENTRIES):	32,625	30,000	30,000	
MAINTENANCE CONTRACTS	675,082	630,000	630,000	
TREE TRIMMING	28,680	30,000	50,000	
STORM CLEANUP	0	25,000	25,000	
STORM CLEANUP - ELECTRIC	0	25,000	25,000	
STORM CLEANUP - LANDSCAPING	0	25,000	25,000	
PLANT REPLACEMENT	95,594	70,000	90,000	
MULCH & MISCELLANEOUS	84,945	140,000	140,000	
WATER MANAGEMENT & DRAINAGE	3,600	4,000	4,000	
ENTRY FEATURE WATER	3,276	3,000	4,500	
IRRIGATION WATER	112,774	70,000	85,000	
FOUNTAIN MAINTENANCE	3,411	15,000	25,000	
RODENT / PEST CONTROL	8,450	4,000	8,000	
EQUIPMENT REPAIR	9,904	2,000	6,000	
SIGNAGE REPAIR	0	10,000	10,000	
STORM DRAIN CLEANING	0	10,000	10,000	
DRAINAGE / LAKE MAINTENANCE/ LITTORALS	81,915	75,000	75,000	
AERATORS	0	1,000	2,000	
PRESERVE MAINTENANCE	31,639	50,000	60,000	
SMALL TOOLS	1,524	2,500	2,500	
VEHICLE LEASE / FUEL / REPAIRS (MAINT TECH)	3,030	20,000	20,000	
MOSQUITO CONTROL	330,002	300,000	400,000	
TEMP FIRE FACILITY OPERATING COSTS	111,010	90,000	40,000	
MAINTENANCE TECHNICIANS	103,323	100,000	110,000	
BASE MANAGEMENT FEE	19,664	20,000	20,000	
ADMIN PAYROLL	51,655	50,000	55,000	
				
TOTAL MAINTENANCE EXPENDITURES	$	2,099,160	$	2,117,500	$	2,308,000	
				
RESERVE FUND	27,500	27,500	27,500	
CONTINGENCY FUND	9,350	15,000	15,000	
				
TOTAL	$	2,136,010	$	2,160,000	$	2,350,500	

Ave Maria Stewardship Community District Assessment Breakdown 2021-2022

O&M Assessments*
	Number of Total			Category Total	
	Units Platted for		Per Unit Operation	Operation &	
	Fiscal Year 2021-		& Maintenance	Maintenance	
	 	2022			        Assessment		        Assessment		
 	Residential			 	Per				
Multi Family / Attached	250	Unit	$	374.13	$	93,532.50	
Single Family / Detached	3,089	Unit	$	374.13	$ 1,155,687.57	

 	Other Uses			
 	Per				
ALF Apartments	0	Unit	$	27.54	$	-	
Apartments	0	Unit	$	84.62	$	-	
MB Low Affordable Housing	48	Unit	$	55.95	$	2,685.60	
Retail/Entertainment/Service	140,442	Sq. Ft.	$	0.43	$	60,390.06	
Professional Offices	51,529	Sq. Ft.	$	0.28	$	14,273.53	
Light Manufacturing	508,807	Sq. Ft.	$	0.18	$	91,585.26	
Hotel	0	Room	$	314.74	$	-	
Medical Facilities	10,904	Sq. Ft.	$	0.87	$	9,486.48	
Institutional - AM University	1,093	Student	$	19.11	$	20,887.23	
Private K-12 School	266	Student	$	29.86	$	7,942.76	

Total				$ 1,456,470.99	

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 2021-2022

 	Type		

   Bonds Series  	

Number of
   Platted Units 	
FY 2020-2021
Per Unit
    Assessment 	
FY 2021-2022
Per Unit
    Assessment 	
Change - Increase /
 	(Decrease)		

Multi Family	
2019	
166	
$729.15	
$777.13	
$47.98	
	2012	84	$988.15	$1,036.13	$47.98	
Single Family	2019	1,167	$1,101.15	$1,149.13	$47.98	
	2019 + 2015	394	$1,550.84	$1,598.82	$47.98	
	2019 + 2016	270	$1,774.34	$1,822.32	$47.98	
	2019 + 2018	3	$1,768.60	$1,816.58	$47.98	
	2012	474	$1,597.15	$1,645.13	$47.98	
	2012 + 2016	94	$2,270.34	$2,318.32	$47.98	
	2012 + 2018	408	$2,264.60	$2,312.58	$47.98	
	2012 + 2020	279	$2,267.15	$2,315.13	$47.98	
ALF Apartments		0	$27.78	$27.54	($0.24)	
Apartments		0	$69.44	$84.62	$15.18	
Low Affordable Housing		48	$48.54	$55.95	$7.41	
Retail/Entertainment/Service (sqft)		140,442	$0.37	$0.43	$0.06	
Professional Offices (sqft)		51,529	$0.23	$0.28	$0.05	
Light Manufacturing (sqft)		508,807	$0.15	$0.18	$0.03	
Hotel (rooms)		0	$273.07	$314.74	$41.67	
Medical Facilities (sqft)		10,904	$0.75	$0.87	$0.12	
Institutional - AM University (students)		1,093	$16.58	$19.11	$2.53	
Private K-12 School (students)		266	$25.90	$29.86	$3.96	

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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