Cordova Palms

Community Development District

Approved Budget
FY2025

Presented by:

Table of Contents

1-2

3-5

6-7

8-9

10-11

	General Fund

	Narratives

	Debt Service Fund Series 2021

	Debt Service Fund Series 2022-1

	Debt Service Fund Series 2022-2

12		Assessment Schedule

Adopted	Actuals Thru	Projected Next Projected Thru	Approved Budget				Budget	
Description	FY2024	4/30/24		5 Months		9/30/24	FY 2025	

REVENUES:						
Special Assessments	$	333,018	$	292,671	$	40,343	$	333,014	$	553,826	
Interest income	-	1,385	900	2,285	-	
TOTAL REVENUES	$	333,018	$	294,056	$	41,243	$	335,300	$	553,826	

EXPENDITURES:						
Administrative						
Supervisors Fees	$	12,000	$	-	$	5,000	$	5,000	$	6,000	
FICA Expense	918	-	383	383	459	
Engineering	11,600	5,289	5,711	11,000	11,000	
Arbitrage	1,800	-	1,800	1,800	1,800	
Attorney	25,000	3,419	11,582	15,000	20,000	
Annual Audit	7,400	2,500	4,900	7,400	7,500	
Assessment Roll Administration	5,300	5,300	-	5,300	5,618	
Trustee Fees	12,500	10,833	1,667	12,500	12,500	
Dissemination Agent	7,950	6,238	1,713	7,950	8,427	
Management Fees	50,085	29,216	20,869	50,085	53,090	
Website Maintenance	1,590	928	663	1,590	1,685	
Information Technology	2,385	1,391	994	2,385	2,528	
Telephone	500	38	462	500	500	
Postage & Delivery	1,500	594	906	1,500	1,500	
Insurance General Liability	5,913	5,590	-	5,590	6,149	
Printing & Binding	1,500	75	425	500	500	
Legal Advertising	2,000	791	1,209	2,000	2,000	
Other Current Charges	600	-	300	300	300	
Office Supplies	500	1	149	150	150	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$	151,216	$	72,378	$	58,730	$	131,108	$	141,882	

Operations & Maintenance						
Grounds Maintenance						
Landscape - Maintenance	$	120,000	$	52,739	$	40,025	$	92,764	$	145,978	
Landscape - Contingency	5,000	17,700	5,000	22,700	27,700	
Mulch	-	-	-	-	22,766	
Operations Management	-	-	-	-	25,000	
Lake Maintenance	10,000	2,190	1,825	4,015	10,000	
Pool Maintenance	-	-	-	-	18,000	
Pool Chemicals	-	-	-	-	13,000	
Insurance	-	3,121	-	3,121	20,000	
Electric	3,000	23,089	18,600	41,689	50,000	
Water/Sewer/Irrigation	20,034	-	15,000	15,000	20,000	
Repairs & Maintenance	11,768	-	7,500	7,500	10,000	
Irrigation Repairs	10,000	6,332	6,500	12,832	13,000	
Pest Control	2,000	-	1,000	1,000	2,000	
Access Cards	-	-	-	-	2,500	
TOTAL GROUNDS MAINTENANCE	$	181,802	$	105,172	$	95,450	$	200,622	$	379,944	

Adopted	Actuals Thru	Projected Next Projected Thru	Approved Budget				Budget	
Description	FY2024	4/30/24		5 Months		9/30/24	FY 2025	

Amenity Center						
Amenity Manager	$	-	$	-	$	-	$	-	$	20,000	
Janitorial Services	-	-	-	-	12,000	
TOTAL AMENITY CENTER	$	-	$	-	$	-	$	-	$	32,000	
						
TOTAL EXPENDITURES	$	333,018	$	177,549	$	154,180	$	331,729	$	553,826	

Other Sources/(Uses)						
Interlocal Transfer In/(Out)	$	-	$	-	$	-	$	-	$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$	116,507	$  (112,936)	$	3,571	$	0	

REVENUES

Special Assessments - Tax Roll
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year. The assessments will be collected by the St. Johns County Tax Collectors Office.

Expenditures - Administrative

Supervisors Fees
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated
$200 per meeting in which they attend. The budgeted amount for the fiscal year is based on all supervisors attending 6 meetings.

FICA Taxes
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.
Engineering
The District's engineering firm will be providing general engineering services to the District including attendance and preparation for monthly board meetings, review invoices, etc. England, Thims & Miller serves as the District’s engineering firm.
Arbitrage Rebate
The District is required to annually have an arbitrage rebate calculation on the District’s Series 2021, 2022-1 and 2022-2 Special Assessment Revenue Bonds.
Attorney
The District's legal counsel will be providing general legal services to the District including attendance and preparation for monthly meetings, review operating and maintenance contracts, etc. Kutak Rock LLP serves as the District’s legal counsel.
Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Grau and Associates currently serves as the District’s Independent Auditor.
Assessment Roll Administration
GMS, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
Trustee Fees
The amount of the trustee fees is based on the agreement between The Bank of New York Mellon and the District for the Special Assessment Bond Series 2021, 2022-1, and 2022-2.
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.
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.
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.
Information Technology
Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.
Telephone
New internet and Wi-Fi service for Office.
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.

Insurance General Liability
The District's General Liability & Public Officials Liability Insurance policy is with Florida Property Alliance Preferred (FPA). FPA specializes in providing insurance coverage to governmental agencies.

Expenditures - Administrative (continued)

Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.
Other Current Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.

Expenditures – Operations & Maintenance

Landscape - Maintenance
The District has contracted with Brightview Landscaping Services to maintain the common areas of the District.
Landscape - Contingency
Estimated costs for other landscape maintenance incurred by the District.
Mulch
Represents estimated costs for mulch applications around common areas in the District.
Operations Management
The District is contracted with Governmental Management Services, LLC to provide onsite field management of contracts for District Services such as landscape and lake maintenance. Services to include weekly site inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Vendor	Description	Monthly	Annual	
GMS, LLC	Management Fees	$	2,083  $	25,000	
Lake Maintenance
The District has contracted with Florida Waterways, Inc. for the maintenance of ponds on district property.
Pool Maintenance
The District has contracted with GMS, LLC for pool cleaning, water testing, treatment, checking chemicals and back washing of the
Pool Chemicals
Estimated costs for chemicals needed to maintain Amenity Center pool.
Insurance
The District has issued a Property Insurance policy with Florida Insurance Alliance. FIA specializes in providing insurance coverage to governmental agencies.
Electric
Clay County Electric provides for electric services for the District. District has the following meters:
Meter #	Location	Monthly	Annual	
8188230067	77 Cordova Palms Prkw	$	600	$	7,200	
6277411382	327 Onate Cir # Pump	300	3,600	
4378731287	100 Cordova Palms Prkw #SL	2,800	33,600	
5046858500	30 Bermudez Way #Park	150	1,800	
	Contingency	317	3,800	
	Total	$	4,167	$	50,000	
Water/Sewer/Irrigation
Estimated costs for irrigation by the district for water, sewer and irrigation.
Repairs & Maintenance
Any costs related to miscellaneous repairs and maintenance that occur during the fiscal year.
Irrigation Repairs
Estimated cost of miscellaneous irrigation repairs and maintenance incurred.

Expenditures – Operations & Maintenance (continued)

Pest Control
Estimated costs for pest control service incurred by the District.
Access Cards
Represents the estimated cost for access cards to the District’s Amenity Center.

Expenditures – Amenity Center

Amenity Manager
Estimated costs for management services for the Amenity Center.
Janitorial Services
Estimated costs for janitorial cleaning for the Amenity Center.

Approved Budget
Debt Service Series 2021 Special Assessment Bonds

Description

Adopted Budget FY2024

Actuals Thru	Projected Next  Projected Thru

4/30/24

	5 Months	

9/30/24

Approved Budget FY 2025

REVENUES:

Special Assessments	$	438,700	$	363,462	$	45,366	$	408,828	$	408,828	
Prepayments	-	654,240	-	654,240	-	
Interest Earnings	2,000	23,098	5,000	28,098	5,000	
Carry Forward Surplus (1)	176,375	897,005	-	897,005	191,316	
TOTAL REVENUES	$	617,074	$ 1,937,804	$	50,366	$  1,988,171	$	605,144	

EXPENDITURES:						
Interest - 11/1	$	134,100	$	134,100	$	-	$	134,100	$	110,895	
Principal Expense Prepayment - 11/1	-	645,000	-	645,000	-	
Interest - 5/1	134,100	-	112,755	112,755	110,895	
Principal - 5/1	170,000	-	155,000	155,000	145,000	
Principal Expense Prepayment - 5/1	-	-	595,000	595,000	-	
Principal Expense Prepayment - 8/1	-	-	155,000	155,000	-	
TOTAL EXPENDITURES	$	438,200	$	779,100	$ 1,017,755	$  1,796,855	$	366,790	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	

TOTAL EXPENDITURES

$	438,200  $	779,100  $ 1,017,755  $  1,796,855  $	366,790

EXCESS REVENUES (EXPENDITURES)

$	178,874  $ 1,158,704  $  (967,389)  $	191,316  $	238,354

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/25

 $	109,155 

Community Development District
AMORTIZATION SCHEDULE
Debt Service Series 2021 Special Assessment Bonds

Period

Outstanding Balance

Coupons

Principal

Interest

Annual Debt Service

11/01/24	$	6,420,000	2.400%		$	110,895	$	110,895	
05/01/25	6,420,000	2.400%	145,000	110,895		
11/01/25	6,275,000	2.400%		109,155	365,050	
05/01/26	6,275,000	2.400%	150,000	109,155		
11/01/26	6,125,000	2.400%		107,355	366,510	
05/01/27	6,125,000	2.800%	155,000	107,355		
11/01/27	5,970,000	2.800%		105,185	367,540	
05/01/28	5,970,000	2.800%	160,000	105,185		
11/01/28	5,810,000	2.800%		102,945	368,130	
05/01/29	5,810,000	2.800%	165,000	102,945		
11/01/29	5,645,000	2.800%		100,635	368,580	
05/01/30	5,645,000	2.800%	170,000	100,635		
11/01/30	5,475,000	2.800%		98,255	368,890	
05/01/31	5,475,000	2.800%	170,000	98,255		
11/01/31	5,305,000	2.800%		95,875	364,130	
05/01/32	5,305,000	3.000%	175,000	95,875		
11/01/32	5,130,000	3.000%		93,250	364,125	
05/01/33	5,130,000	3.000%	185,000	93,250		
11/01/33	4,945,000	3.000%		90,475	368,725	
05/01/34	4,945,000	3.000%	190,000	90,475		
11/01/34	4,755,000	3.000%		87,625	368,100	
05/01/35	4,755,000	3.000%	195,000	87,625		
11/01/35	4,560,000	3.000%		84,700	367,325	
05/01/36	4,560,000	3.000%	200,000	84,700		
11/01/36	4,360,000	3.000%		81,700	366,400	
05/01/37	4,360,000	3.000%	205,000	81,700		
11/01/37	4,155,000	3.000%		78,625	365,325	
05/01/38	4,155,000	3.000%	215,000	78,625		
11/01/38	3,940,000	3.000%		75,400	369,025	
05/01/39	3,940,000	3.000%	220,000	75,400		
11/01/39	3,720,000	3.000%		72,100	367,500	
05/01/40	3,720,000	3.000%	225,000	72,100		
11/01/40	3,495,000	3.000%		68,725	365,825	
05/01/41	3,495,000	3.000%	235,000	68,725		
11/01/41	3,260,000	3.000%		65,200	368,925	
05/01/42	3,260,000	4.000%	240,000	65,200		
11/01/42	3,020,000	4.000%		60,400	365,600	
05/01/43	3,020,000	4.000%	250,000	60,400		
11/01/43	2,770,000	4.000%		55,400	365,800	
05/01/44	2,770,000	4.000%	260,000	55,400		
11/01/44	2,510,000	4.000%		50,200	365,600	
05/01/45	2,510,000	4.000%	270,000	50,200		
11/01/45	2,240,000	4.000%		44,800	365,000	
05/01/46	2,240,000	4.000%	285,000	44,800		
11/01/46	1,955,000	4.000%		39,100	368,900	
05/01/47	1,955,000	4.000%	295,000	39,100		
11/01/47	1,660,000	4.000%		33,200	367,300	
05/01/48	1,660,000	4.000%	305,000	33,200		
11/01/48	1,355,000	4.000%		27,100	365,300	
05/01/49	1,355,000	4.000%	320,000	27,100		
11/01/49	1,035,000	4.000%		20,700	367,800	
05/01/50	1,035,000	4.000%	330,000	20,700		
11/01/50	705,000	4.000%		14,100	364,800	
05/01/51	705,000	4.000%	345,000	14,100		
11/01/51	360,000	4.000%		7,200	366,300	
05/01/52	360,000	4.000%	360,000	7,200	367,200	
Total	$	6,420,000	$	3,960,600	$	10,380,600	

Community Development District
Approved Budget
Debt Service Series 2022-1 Special Assessment Bonds

Description

Adopted Budget FY2024

Actuals Thru	Projected Next  Projected Thru

4/30/24

	5 Months	

9/30/24

Approved Budget FY 2025

REVENUES:

Special Assessments	$	165,000	$	138,849	$	15,149	$	153,998	$	153,998	
Prepayments	-	189,932	-	189,932	-	
Interest Earnings	2,000	8,214	3,500	11,714	5,000	
Carry Forward Surplus (1)	79,583	288,773	-	288,773	129,605	
TOTAL REVENUES	$	246,583	$	625,767	$	18,649	$	644,416	$	288,603	

EXPENDITURES:						
Interest - 11/1	$	65,898	$	65,898	$	-	$	65,898	$	55,218	
Principal Expense Prepayment - 11/1	-	185,000	-	185,000	-	
Interest - 5/1	65,898	-	59,898	59,898	55,218	
Principal - 5/1	30,000	-	30,000	30,000	30,000	
Principal Expense Prepayment - 5/1	-	-	165,000	165,000	-	
TOTAL EXPENDITURES	$	161,795	$	250,898	$	254,898	$	505,795	$	140,435	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	(9,016)	
$	-	
$	(9,016)	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	(9,016)	$	-	$	(9,016)	$	-	
						
TOTAL EXPENDITURES	$	161,795	$	259,913	$	254,898	$	514,811	$	140,435	
						
EXCESS REVENUES (EXPENDITURES)	$	84,788	$	365,854	$  (236,249)	$	129,605	$	148,168	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/25

 $	54,498 

Community Development District
AMORTIZATION SCHEDULE
Debt Service Series 2021 Special Assessment Bonds

Period

Outstanding Balance

Coupons

Principal

Interest

Annual Debt Service

11/01/24	$	1,945,000			$	55,218	$	55,218	
05/01/25	1,945,000	4.800%	30,000	55,218		
11/01/25	1,915,000			54,498	139,715	
05/01/26	1,915,000	4.800%	30,000	54,498		
11/01/26	1,885,000			53,778	138,275	
05/01/27	1,885,000	4.800%	30,000	53,778		
11/01/27	1,855,000			53,058	136,835	
05/01/28	1,855,000	5.300%	35,000	53,058		
11/01/28	1,820,000			52,130	140,188	
05/01/29	1,820,000	5.300%	35,000	52,130		
11/01/29	1,785,000			51,203	138,333	
05/01/30	1,785,000	5.300%	35,000	51,203		
11/01/30	1,750,000			50,275	136,478	
05/01/31	1,750,000	5.300%	40,000	50,275		
11/01/31	1,710,000			49,215	139,490	
05/01/32	1,710,000	5.300%	40,000	49,215		
11/01/32	1,670,000			48,155	137,370	
05/01/33	1,670,000	5.700%	40,000	48,155		
11/01/33	1,630,000			47,015	135,170	
05/01/34	1,630,000	5.700%	45,000	47,015		
11/01/34	1,585,000			45,733	137,748	
05/01/35	1,585,000	5.700%	45,000	45,733		
11/01/35	1,540,000			44,450	135,183	
05/01/36	1,540,000	5.700%	50,000	44,450		
11/01/36	1,490,000			43,025	137,475	
05/01/37	1,490,000	5.700%	55,000	43,025		
11/01/37	1,435,000			41,458	139,483	
05/01/38	1,435,000	5.700%	55,000	41,458		
11/01/38	1,380,000			39,890	136,348	
05/01/39	1,380,000	5.700%	60,000	39,890		
11/01/39	1,320,000			38,180	138,070	
05/01/40	1,320,000	5.700%	65,000	38,180		
11/01/40	1,255,000			36,328	139,508	
05/01/41	1,255,000	5.700%	65,000	36,328		
11/01/41	1,190,000			34,475	135,803	
05/01/42	1,190,000	5.700%	70,000	34,475		
11/01/42	1,120,000			32,480	136,955	
05/01/43	1,120,000	5.800%	75,000	32,480		
11/01/43	1,045,000			30,305	137,785	
05/01/44	1,045,000	5.800%	80,000	30,305		
11/01/44	965,000			27,985	138,290	
05/01/45	965,000	5.800%	85,000	27,985		
11/01/45	880,000			25,520	138,505	
05/01/46	880,000	5.800%	90,000	25,520		
11/01/46	790,000			22,910	138,430	
05/01/47	790,000	5.800%	95,000	22,910		
11/01/47	695,000			20,155	138,065	
05/01/48	695,000	5.800%	100,000	20,155		
11/01/48	595,000			17,255	137,410	
05/01/49	595,000	5.800%	105,000	17,255		
11/01/49	490,000			14,210	136,465	
05/01/50	490,000	5.800%	110,000	14,210		
11/01/50	380,000			11,020	135,230	
05/01/51	380,000	5.800%	120,000	11,020		
11/01/51	260,000			7,540	138,560	
05/01/52	260,000	5.800%	125,000	7,540		
11/01/52	135,000			3,915	136,455	
05/01/53	135,000	5.800%	135,000	3,915	138,915	
Total	$	1,945,000	$	2,102,750	$	4,047,750	

Community Development District
Approved Budget
Debt Service Series 2022-2 Special Assessment Bonds

Description

Adopted Budget FY2024

Actuals Thru	Projected Next  Projected Thru

4/30/24

	5 Months	

9/30/24

Approved Budget FY 2025

REVENUES:

Special Assessments	$	491,030	$	368,273	$	122,758	$	491,030	$	491,030	
Interest Earnings	3,000	9,464	5,000	14,464	5,000	
Carry Forward Surplus (1)	214,263	217,837	-	217,837	209,138	
TOTAL REVENUES	$	708,293	$	595,573	$	127,758	$	723,331	$	705,168	

EXPENDITURES:						
Interest - 11/1	$	194,240	$	194,240	$	-	$	194,240	$	191,990	
Interest - 5/1	194,240	-	194,240	194,240	191,990	
Principal - 5/1	100,000	-	100,000	100,000	105,000	
TOTAL EXPENDITURES	$	488,480	$	194,240	$	294,240	$	488,480	$	488,980	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	(25,712)	
$	-	
$	(25,712)	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	(25,712)	$	-	$	(25,712)	$	-	
						
TOTAL EXPENDITURES	$	488,480	$	219,952	$	294,240	$	514,192	$	488,980	
						
EXCESS REVENUES (EXPENDITURES)	$	219,813	$	375,621	$  (166,483)	$	209,138	$	216,188	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/25

$189,627.50

Community Development District
AMORTIZATION SCHEDULE
Debt Service Series 2022-2 Special Assessment Bonds

Period

Outstanding Balance

Coupons

Principal

Interest

Annual Debt Service

11/01/24	$	7,055,000			$	191,990	$	191,990	
05/01/25	7,055,000	4.500%	105,000	191,990		
11/01/25	6,950,000			189,628	486,618	
05/01/26	6,950,000	4.500%	110,000	189,628		
11/01/26	6,840,000			187,153	486,780	
05/01/27	6,840,000	4.500%	115,000	187,153		
11/01/27	6,725,000			184,565	486,718	
05/01/28	6,725,000	5.100%	120,000	184,565		
11/01/28	6,605,000			181,505	486,070	
05/01/29	6,605,000	5.100%	130,000	181,505		
11/01/29	6,475,000			178,190	489,695	
05/01/30	6,475,000	5.100%	135,000	178,190		
11/01/30	6,340,000			174,748	487,938	
05/01/31	6,340,000	5.100%	145,000	174,748		
11/01/31	6,195,000			171,050	490,798	
05/01/32	6,195,000	5.100%	150,000	171,050		
11/01/32	6,045,000			167,225	488,275	
05/01/33	6,045,000	5.400%	160,000	167,225		
11/01/33	5,885,000			162,905	490,130	
05/01/34	5,885,000	5.400%	165,000	162,905		
11/01/34	5,720,000			158,450	486,355	
05/01/35	5,720,000	5.400%	175,000	158,450		
11/01/35	5,545,000			153,725	487,175	
05/01/36	5,545,000	5.400%	185,000	153,725		
11/01/36	5,360,000			148,730	487,455	
05/01/37	5,360,000	5.400%	195,000	148,730		
11/01/37	5,165,000			143,465	487,195	
05/01/38	5,165,000	5.400%	205,000	143,465		
11/01/38	4,960,000			137,930	486,395	
05/01/39	4,960,000	5.400%	220,000	137,930		
11/01/39	4,740,000			131,990	489,920	
05/01/40	4,740,000	5.400%	230,000	131,990		
11/01/40	4,510,000			125,780	487,770	
05/01/41	4,510,000	5.400%	245,000	125,780		
11/01/41	4,265,000			119,165	489,945	
05/01/42	4,265,000	5.400%	255,000	119,165		
11/01/42	4,010,000			112,280	486,445	
05/01/43	4,010,000	5.600%	270,000	112,280		
11/01/43	3,740,000			104,720	487,000	
05/01/44	3,740,000	5.600%	285,000	104,720		
11/01/44	3,455,000			96,740	486,460	
05/01/45	3,455,000	5.600%	305,000	96,740		
11/01/45	3,150,000			88,200	489,940	
05/01/46	3,150,000	5.600%	320,000	88,200		
11/01/46	2,830,000			79,240	487,440	
05/01/47	2,830,000	5.600%	340,000	79,240		
11/01/47	2,490,000			69,720	488,960	
05/01/48	2,490,000	5.600%	360,000	69,720		
11/01/48	2,130,000			59,640	489,360	
05/01/49	2,130,000	5.600%	380,000	59,640		
11/01/49	1,750,000			49,000	488,640	
05/01/50	1,750,000	5.600%	400,000	49,000		
11/01/50	1,350,000			37,800	486,800	
05/01/51	1,350,000	5.600%	425,000	37,800		
11/01/51	925,000			25,900	488,700	
05/01/52	925,000	5.600%	450,000	25,900		
11/01/52	475,000			13,300	489,200	
05/01/53	475,000	5.600%	475,000	13,300	488,300	
Total	$	7,055,000	$	7,289,465	$	14,344,465	

Cordova Palms
Community Development District
Non-Ad Valorem Assessments Comparison 2024-2025

Neighborhood	O&M Units	Bonds 2021
Units	Bonds 2022-1
Units	Bonds 2022-2
Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
	
FY 2025	
FY2024	
Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	
									Series	Series	Series	Series	Series	Series		
									2021	2022-1	2022-2	2021	2022-1	2022-2		

43' SF	
221	
64	
64	
0	
$803.79	
$491.16	
$312.63	
63.65%	
$1,233.81	
$531.90	
$0.00	
$1,233.81	
$531.90	
$0.00	
$0.00	
53' SF	116	101	101	0	$803.79	$491.16	$312.63	63.65%	$1,542.26	$531.90	$0.00	$1,542.26	$531.90	$0.00	$0.00	
Bulk	396	143	143	253	$803.79	$491.16	$312.63	63.65%	$1,315.94	$500.00	$1,940.83	$1,315.94	$500.00	$1,940.83	$0.00	
Total	733	308	308	253