Adopted Budget	
Fiscal Year 2020	

Portofino Isles	
Community Development District	

August 13, 2019

Portofino Isles	
Community Development District	

FY2019	
Adopted	
 	Budget		

 Description	

Revenues	
Maintenance Assessments	
Interest Income	
Project Contributions	
Assigned Fund Balance	
Total Revenues	

	
$175,152	
$0	
$0	
 	$92,643 	
 	$267,795 	

Expenditures

Administrative

Engineering Fees	
Arbitrage	
Attorney Fees	
Dissemination Agent	
Assessment Roll	
Annual Audit	
Management Fees	
Computer Time	
Telephone	
Postage	
Rentals & Leases	
Insurance	
Printing & Binding	
Legal Advertising	
Other Current Charges	
Website Admin	
Office Supplies	
Dues, Licenses	
Capital Outlay	
Total Administrative	

	
$30,000	
$2,400	
$25,000	
$2,500	
$1,001	
$5,250	
$42,616	
$1,000	
$100	
$500	
$2,400	
$6,356	
$1,250	
$1,000	
$500	
$500	
$250	
$175	
 	$300 	
 	$123,098 	

Field

General Fund

Actual	
thru	
    7/31/2019 	

	
Projected	
Next	
    2 Months 	

	
Total	
Projected at	
    9/30/2019 	

	
FY2020	
Adopted	
 	Budget		

$141,029	
$5,202	
$2,698	
 	$305,242 	
 	$454,171 	

	
$23,971	
$200	
$0	
 	$0 	
 	$24,171 	

	
$165,000	$175,152	
$5,402	$0	
$2,698	$0	
 	$305,242 	 	$129,212 	
 	$478,342 	 	$304,365 	

$21,682	
$600	
$30,931	
$2,083	
$1,001	
$0	
$35,513	
$833	
$47	
$350	
$2,000	
$5,778	
$722	
$760	
$827	
$417	
$412	
$175	
 	$0 	
 	$104,131 	

	
$4,336	$26,018	
$600	$1,200	
$10,310	$41,241	
$417	$2,500	
$0	$1,001	
$5,500	$5,500	
$7,103	$42,616	
$167	$1,000	
$50	$97	
$70	$420	
$400	$2,400	
$0	$5,778	
$144	$866	
$152	$912	
$165	$992	
$83	$500	
$82	$494	
$0	$175	
 	$250 	 	$250 	
 	$29,830 	 	$133,961 	

	
$30,000	
$1,200	
$25,000	
$2,500	
$1,001	
$5,700	
$43,895	
$1,000	
$100	
$500	
$2,400	
$6,356	
$1,250	
$1,000	
$500	
$1,000	
$250	
$175	
 	$300 	
 	$124,126 	

Salaries/Facility Management	
Environmental Services	
Electric	
Repairs & Maintenance	
Landscaping	
Irrigation System	
Contingencies	
Chemicals	
Perimeter Project	
Fountains Project	
Total Field	

	
$26,000	
$2,500	
$10,000	
$15,000	
$11,040	
$5,000	
$5,000	
$6,600	
$70,000	
 	$0 	
 	$151,140 	

	
$27,500	
$0	
$8,511	
$2,405	
$9,960	
$3,222	
$0	
$0	
$91,234	
 	$45,162 	
 	$187,994 	

	
$5,500	
$2,500	
$1,702	
$481	
$1,992	
$5,000	
$5,000	
$5,000	
$0	
 	$0 	
 	$27,175 	

TOTAL EXPENDITURES	 	$274,238	 	$292,125	 	$57,005 

$33,000	$26,000
$2,500	$2,500
$10,213	$10,000
$2,886	$15,000
$11,952	$11,040
$8,222	$5,000
$5,000	$5,000
$5,000	$6,600
$91,234	$0
 	$45,162	 	$0 
 	$215,169	 	$81,140 

 	$349,130 	
 	$205,266 	

				
Unassigned Fund Balance	 	($6,443)	$162,046	($32,834)	$129,212	$99,098

Single Family	
Multi-Family	
Townhouses	

	

550	
215	
300	

	

$174.96	$96,228	
$174.96	$37,616	
$174.96	 	$52,488 	
Total Gross:	$186,332	
Less: Disc/Coll (6%):	($11,180)	
Total Net:	$175,152	

Portofino Isles
Community Development District
GENERAL FUND BUDGET

REVENUES:

Maintenance Assessments

The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all of the operating expenses for the Fiscal Year in accordance with the adopted budget.

_	_	_	_

EXPENDITURES:

Administrative:

Engineering Fees

The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Dissemination Agent

The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Assessment Roll

Expenses incurred for the collection of prepaid assessments, updating the District’s Tax Roll and levying the annual assessment.

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Attorney Fees

The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – South Florida, LLC. These services are further outlined in Exhibit "A"  of the Management Agreement.

Computer Time

The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.

Telephone

Telephone and fax machine.

Portofino Isles
Community Development District
GENERAL FUND BUDGET

Administrative: (continued)

Postage

Mailing of agenda packages, overnight deliveries, correspondence, etc.

Rental & Leases

The District will be charged $200 per month for office rent from Governmental Management Services – South Florida, LLC for the District's administrative office located in Ft. Lauderdale.

Insurance

The District's General Liability & Public Officials Liability Insurance policy is with Preferred Governmental Insurance Trust. PGIT specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.

Printing & Binding

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.

Other Current Charges

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

Website Admin

Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.

Office Supplies

Miscellaneous office supplies.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Department of Community Affairs for $175. This is the only expense under this category for the District.

Capital Outlay

Represents any minor capital expenditures the District may need to make during the Fiscal Year such as a file cabinet for District files.

Portofino Isles
Community Development District
GENERAL FUND BUDGET

Field:

Salaries/Facility Management

Cost of on-site employee for day to day oversight.

Environmental Services

Semi-annual mitigation monitoring as required by South Florida Water Management District.

Electric

Represents the costs associated with powering the irrigation pumps, service to be provided by Florida Power & Light.

Repairs & Maintenance

Represents costs associated with basic maintenance and repairs in the District.

Landscaping

The District has entered into agreements with Brightview Landscape Services for the purchase and installation of sod, palms and annuals.

Irrigation System

The District will contract with Brightview Landscape Services for the installation or a well for irrigation of Brigatine Road. The contract will include maintenance of the system and chemical additives for the purpose of iron removal.

Contingencies

Any unforeseen expenses related to the field operations of the District.

Chemicals

Chemicals for operations of the District.

 Description	

Revenues	
Storm Water Rebate	

Stormwater Fees

FY2019	
Adopted	
 	Budget		

	
Actual	
thru	
    7/31/2019 	

	
Projected	
Next	
    2 Months 	

	
Total	
Projected at	
    9/30/2019 	

	
FY2020	
Adopted	
 	Budget		

Portofino Isles	
Community Development District	

$186,678	$193,216	$0	$193,216	$186,678

				
Total Revenues	 	$186,678	 	$193,216	 	$0	 	$193,216	 	$186,678 

Expenditures

Stormwater Management

$25,000	
$40,000	
$50,000	
$21,120	
$19,200	
$10,000	
$10,000	

$0	
$0	
$0	
$14,400	
$11,475	
$2,154	
$1,181	

$5,000	
$5,000	
$50,000	
$4,800	
$3,825	
$5,000	
$5,000	

Landscape Maintenance - Roadwa Landscaping - Replacement Stormwater Maintenance
Lake Maintenance
Wetlands Maintenance Irrigation System Contingencies

TOTAL EXPENDITURES	 	$175,320	 	$29,210	 	$78,625 

$5,000

$25,000	
$40,000	
$50,000	
$21,120	
$19,200	
$10,000	
$10,000	

$5,000
$50,000
$19,200
$15,300
$7,154
$6,181

 	$107,835		$175,320 	

				
Unassigned Fund Balance	 	$11,358	$164,006	($78,625)	$85,381	$11,358

Portofino Isles
Community Development District
STORMWATER BUDGET

REVENUES:

Storm Water Rebate

The City of Port St. Lucie assesses the residents of the District for Repairs, Maintenance and Capital Improvements of the Drainage System. The city then remits the storm water fees less an administrative fee to the District since the District provides these services.

EXPENDITURES:

Landscape Maintenance

The District has entered into a contract with Brightview Landscape Services for Lawn Maintenance of the Median Island and Entry Side from Gatlin Blvd to Entry.

Landscape - Replacement

The cost of replacing landscaping of the Median Island and Entry Side from Gatlin Blvd to Entry.

Stormwater Maintenance

The cost of maintain the stormwater system.

Lake Maintenance

The District has entered into a contract with Lake & Wetland Management, Inc. for Lake Maintenance. The services include aquatic weed, border grasses and algae control for 10 lakes. The contract is $1,600.00 per month.

Wetlands Maintenance

The District has entered into a contract with Lake & Wetland Management, Inc. for Wetlands Maintenance. The services include exotic and invasive weed control for approximately 15 acres of planted buffer area. Contract also includes monthly inspections of wetland area. The contract is $1,275.00 per month.

Irrigation System

The District will contract with Brightview Landscape Services for the installation or a well for irrigation of Brigatine Road. The contract will include maintenance of the system and chemical additives for the purpose of iron removal.

Contingencies

Any unforeseen expenses related to the field operations of the District.

Portofino Isles	
Community Development District	

	
Debt Service Fund	
Series 2013 Refunding	

FY2019	
Adopted	
 	Budget		

Actual	
thru	
    7/31/2019 	

Projected	
Next	
    2 Months 	

Total	
Projected at	
    9/30/2019 	

FY2020	
Adopted	
 	Budget		

 Description	

Revenues

Assessments	
Carry Forward Surplus	
Interest Earnings	

$432,649	
$166,548	
$0	

$459,655	
$171,156	
$7,765	

$0	
$0	
$500	

$459,655	
$171,156	
$8,265	

$432,649	
$195,961	
$0	

Total Revenues	 	$599,197	 	$638,576	 	$500	 	$639,076	 	$628,611 

Expenditures

Series 2013	
Interest 11/1	
Principal 5/1	
Interest 5/1	

$101,813	$101,813	
$230,000	$230,000	
$101,813	$101,813	

$0	
$0	
$0	

$101,813	
$230,000	
$101,813	

$98,363	
$235,000	
$98,363	

Other Debt Service Costs (1)			$9,183			$9,490			$0			$9,490			$9,183 Total Expenditures	 	$442,808	 	$443,115	 		$0	 	$443,115	 	$440,908 Excess Revenues (Expenditures) 		$156,389		$195,461		$500		$195,961		$187,703
Debt Service Due 11/1/20	$94,544

(1) Represents:		
Property Appr	$	5,950.00	
Trustee Fees	  $	3,232.50 	
	$	9,182.50	

	
 Product Type		
Single Family	
Multi-Family	

	
# Units		
546	
210	

	
Gross Assessme	Total		
$620.30	$338,684	
$578.96	$121,582	
Total Gross:	$460,265	
Less: Disc/Coll (6	($27,616)	
Total Net:	$432,649	

Portofino Isles	
Community Development District	

Series 2013 Refunding
Amortization  Schedule

PRINCIPAL	
 	BALANCE		

INTEREST					
 	RATE			 	INTEREST			 	PRINCIPAL		

YEARLY	
 	TOTAL		

 	DATE		 	TOTAL	

1-May-16	$	5,520,000	2.00%	$	109,390.63	$	215,000.00	$	324,390.63	
1-Nov-16	$	5,305,000	2.00%	$	107,240.63	$	-	$	107,240.63	$	431,631.26	
1-May-17	$	5,305,000	2.25%	$	107,240.63	$	220,000.00	$	327,240.63	
1-Nov-17	$	5,085,000	2.25%	$	104,765.63	$	-	$	104,765.63	$	432,006.26	
1-May-18	$	5,085,000	2.63%	$	104,765.63	$	225,000.00	$	329,765.63	
1-Nov-18	$	4,860,000	2.63%	$	101,812.50	$	-	$	101,812.50	$	431,578.13	
1-May-19	$	4,860,000	3.00%	$	101,812.50	$	230,000.00	$	331,812.50	
1-Nov-19	$	4,630,000	3.00%	$	98,362.50	$	-	$	98,362.50	$	430,175.00	
1-May-20	$	4,630,000	3.25%	$	98,362.50	$	235,000.00	$	333,362.50	
1-Nov-20	$	4,395,000	3.25%	$	94,543.75	$	-	$	94,543.75	$	427,906.25	
1-May-21	$	4,395,000	3.50%	$	94,543.75	$	245,000.00	$	339,543.75	
1-Nov-21	$	4,150,000	3.50%	$	90,256.25	$	-	$	90,256.25	$	429,800.00	
1-May-22	$	4,150,000	3.75%	$	90,256.25	$	255,000.00	$	345,256.25	
1-Nov-22	$	3,895,000	3.75%	$	85,475.00	$	-	$	85,475.00	$	430,731.25	
1-May-23	$	3,895,000	4.00%	$	85,475.00	$	265,000.00	$	350,475.00	
1-Nov-23	$	3,630,000	4.00%	$	80,175.00	$	-	$	80,175.00	$	430,650.00	
1-May-24	$	3,630,000	4.25%	$	80,175.00	$	275,000.00	$	355,175.00	
1-Nov-24	$	3,355,000	4.25%	$	74,331.25	$	-	$	74,331.25	$	429,506.25	
1-May-25	$	3,355,000	4.50%	$	74,331.25	$	290,000.00	$	364,331.25	
1-Nov-25	$	3,065,000	4.50%	$	67,806.25	$	-	$	67,806.25	$	432,137.50	
1-May-26	$	3,065,000	4.75%	$	67,806.25	$	300,000.00	$	367,806.25	
1-Nov-26	$	2,765,000	4.75%	$	60,681.25	$	-	$	60,681.25	$	428,487.50	
1-May-27	$	2,765,000	4.75%	$	60,681.25	$	315,000.00	$	375,681.25	
1-Nov-27	$	2,450,000	4.75%	$	53,200.00	$	-	$	53,200.00	$	428,881.25	
1-May-28	$	2,450,000	4.75%	$	53,200.00	$	330,000.00	$	383,200.00	
1-Nov-28	$	2,120,000	4.75%	$	45,362.50	$	-	$	45,362.50	$	428,562.50	
1-May-29	$	2,120,000	4.75%	$	45,362.50	$	345,000.00	$	390,362.50	
1-Nov-29	$	1,775,000	4.75%	$	37,168.75	$	-	$	37,168.75	$	427,531.25	
1-May-30	$	1,775,000	4.75%	$	37,168.75	$	365,000.00	$	402,168.75	
1-Nov-30	$	1,410,000	4.75%	$	28,500.00	$	-	$	28,500.00	$	430,668.75	
1-May-31	$	1,410,000	4.75%	$	28,500.00	$	380,000.00	$	408,500.00	
1-Nov-31	$	1,030,000	4.75%	$	19,475.00	$	-	$	19,475.00	$	427,975.00	
1-May-32	$	1,030,000	4.75%	$	19,475.00	$	400,000.00	$	419,475.00	
1-Nov-32	$	630,000	4.75%	$	9,975.00	$	-	$	9,975.00	$	429,450.00	
1-May-33	$	630,000	4.75%	$	9,975.00	$	420,000.00	$	429,975.00	$	429,975.00

 	Total		$	2,427,653.15	$	5,310,000.00	$	7,737,653.15	$	7,737,653.15	

Portofino Isles	
Community Development District	

	
Debt Service Fund	
Series 2005- Protofino Court Project	

FY2019	
Adopted	
 	Budget		

FY2020	
Adopted	
 	Budget		

 Description	

Revenues

Assessments	
Direct Assessment	
Carry Forward Surplus	
Interest Income	

$440,879	
$0	
$201,847	
$0	

$440,879	
$0	
$201,847	
$0	

Total Revenues	 	$642,726	 	$642,726 

Expenditures

Interest 11/1	
Interest 5/1	
Principal 5/1	

$139,300	
$139,300	
$165,000	

$134,680	
$134,680	
$175,000	

Other Debt Service Costs (1)			$8,233			$8,233 Total Expenditures	 	$451,833	 	$452,593 
Excess Revenues (Expenditures)	 	$190,894	$190,134

Debt Service Due 11/1/20	
$129,780	

(1) Represents:		
Property Appr	$	5,000.00	
Trustee Fees	  $	3,232.50 	
	$	8,232.50	

Portofino Isles	
Community Development District	

Series 2005- Portofino Court Project
Amortization  Schedule

PRINCIPAL		INTEREST					
 	BALANCE			 	RATE			 	INTEREST			 	PRINCIPAL		

YEARLY	
 	TOTAL		

 	DATE		 	TOTAL	

1-May-06	$	6,375,000	5.60%	$	179,491.67	$	-	$	179,491.67	$	179,491.67	
1-Nov-06	$	6,375,000	5.60%	$	178,500.00	$	-	$	178,500.00	
1-May-07	$	6,375,000	5.60%	$	178,500.00	$	85,000.00	$	263,500.00	$	442,000.00	
1-Nov-07	$	6,290,000	5.60%	$	176,120.00	$	-	$	176,120.00	
1-May-08	$	6,290,000	5.60%	$	176,120.00	$	90,000.00	$	266,120.00	$	442,240.00	
1-Nov-08	$	6,200,000	5.60%	$	173,600.00	$	-	$	173,600.00	
1-May-09	$	6,200,000	5.60%	$	173,600.00	$	95,000.00	$	268,600.00	$	442,200.00	
1-Nov-09	$	6,105,000	5.60%	$	170,940.00	$	-	$	170,940.00	
1-May-10	$	6,105,000	5.60%	$	170,940.00	$	100,000.00	$	270,940.00	$	441,880.00	
1-Nov-10	$	6,005,000	5.60%	$	168,140.00	$	-	$	168,140.00	
1-May-11	$	6,005,000	5.60%	$	168,140.00	$	105,000.00	$	273,140.00	$	441,280.00	
1-Nov-11	$	5,900,000	5.60%	$	165,200.00	$	-	$	165,200.00	
1-May-12	$	5,900,000	5.60%	$	165,200.00	$	110,000.00	$	275,200.00	$	440,400.00	
1-Nov-12	$	5,790,000	5.60%	$	162,120.00	$	-	$	162,120.00	
1-May-13	$	5,790,000	5.60%	$	162,120.00	$	120,000.00	$	282,120.00	$	444,240.00	
1-Nov-13	$	5,670,000	5.60%	$	158,760.00	$	-	$	158,760.00	
1-May-14	$	5,670,000	5.60%	$	158,760.00	$	125,000.00	$	283,760.00	$	442,520.00	
1-Nov-14	$	5,545,000	5.60%	$	155,260.00	$	-	$	155,260.00	
1-May-15	$	5,545,000	5.60%	$	155,260.00	$	130,000.00	$	285,260.00	$	440,520.00	
1-Nov-15	$	5,415,000	5.60%	$	151,620.00	$	-	$	151,620.00	
1-May-16	$	5,415,000	5.60%	$	151,620.00	$	140,000.00	$	291,620.00	$	443,240.00	
1-Nov-16	$	5,275,000	5.60%	$	147,700.00	$	-	$	147,700.00	
1-May-17	$	5,275,000	5.60%	$	147,700.00	$	145,000.00	$	292,700.00	$	440,400.00	
1-Nov-17	$	5,130,000	5.60%	$	143,640.00	$	-	$	143,640.00	
1-May-18	$	5,130,000	5.60%	$	143,640.00	$	155,000.00	$	298,640.00	$	442,280.00	
1-Nov-18	$	4,975,000	5.60%	$	139,300.00	$	-	$	139,300.00	
1-May-19	$	4,975,000	5.60%	$	139,300.00	$	165,000.00	$	304,300.00	$	443,600.00	
1-Nov-19	$	4,810,000	5.60%	$	134,680.00	$	-	$	134,680.00	
1-May-20	$	4,810,000	5.60%	$	134,680.00	$	175,000.00	$	309,680.00	$	444,360.00	
1-Nov-20	$	4,635,000	5.60%	$	129,780.00	$	-	$	129,780.00	
1-May-21	$	4,635,000	5.60%	$	129,780.00	$	185,000.00	$	314,780.00	$	444,560.00	
1-Nov-21	$	4,450,000	5.60%	$	124,600.00	$	-	$	124,600.00	
1-May-22	$	4,450,000	5.60%	$	124,600.00	$	195,000.00	$	319,600.00	$	444,200.00	
1-Nov-22	$	4,255,000	5.60%	$	119,140.00	$	-	$	119,140.00	
1-May-23	$	4,255,000	5.60%	$	119,140.00	$	205,000.00	$	324,140.00	$	443,280.00	
1-Nov-23	$	4,050,000	5.60%	$	113,400.00	$	-	$	113,400.00	
1-May-24	$	4,050,000	5.60%	$	113,400.00	$	220,000.00	$	333,400.00	$	446,800.00	
1-Nov-24	$	3,830,000	5.60%	$	107,240.00	$	-	$	107,240.00	
1-May-25	$	3,830,000	5.60%	$	107,240.00	$	230,000.00	$	337,240.00	$	444,480.00	
1-Nov-25	$	3,600,000	5.60%	$	100,800.00	$	-	$	100,800.00	
1-May-26	$	3,600,000	5.60%	$	100,800.00	$	245,000.00	$	345,800.00	$	446,600.00	
1-Nov-26	$	3,355,000	5.60%	$	93,940.00	$	-	$	93,940.00	
1-May-27	$	3,355,000	5.60%	$	93,940.00	$	260,000.00	$	353,940.00	$	447,880.00	
1-Nov-27	$	3,095,000	5.60%	$	86,660.00	$	-	$	86,660.00	
1-May-28	$	3,095,000	5.60%	$	86,660.00	$	270,000.00	$	356,660.00	$	443,320.00	
1-Nov-28	$	2,825,000	5.60%	$	79,100.00	$	-	$	79,100.00	
1-May-29	$	2,825,000	5.60%	$	79,100.00	$	290,000.00	$	369,100.00	$	448,200.00	
1-Nov-29	$	2,535,000	5.60%	$	70,980.00	$	-	$	70,980.00	
1-May-30	$	2,535,000	5.60%	$	70,980.00	$	305,000.00	$	375,980.00	$	446,960.00	
1-Nov-30	$	2,230,000	5.60%	$	62,440.00	$	-	$	62,440.00	
1-May-31	$	2,230,000	5.60%	$	62,440.00	$	320,000.00	$	382,440.00	$	444,880.00	
1-Nov-31	$	1,910,000	5.60%	$	53,480.00	$	-	$	53,480.00	
1-May-32	$	1,910,000	5.60%	$	53,480.00	$	340,000.00	$	393,480.00	$	446,960.00	
1-Nov-32	$	1,570,000	5.60%	$	43,960.00	$	-	$	43,960.00	
1-May-33	$	1,570,000	5.60%	$	43,960.00	$	360,000.00	$	403,960.00	$	447,920.00	
1-Nov-33	$	1,210,000	5.60%	$	33,880.00	$	-	$	33,880.00	
1-May-34	$	1,210,000	5.60%	$	33,880.00	$	380,000.00	$	413,880.00	$	447,760.00	
1-Nov-34	$	830,000	5.60%	$	23,240.00	$	-	$	23,240.00	
1-May-35	$	830,000	5.60%	$	23,240.00	$	405,000.00	$	428,240.00	$	451,480.00	
1-Nov-35	$	425,000	5.60%	$	11,900.00	$	-	$	11,900.00	
    1-May-36	$	425,000	5.60%      $	11,900.00       $	425,000.00	 $	436,900.00       $	448,800.00 	
 	Total		$	7,139,731.67	$	6,375,000.00	$	13,514,731.67	$	13,514,731.67