Amended Budget

Fiscal Year 2019

Armstrong Community

Development District

December 5, 2018

Armstrong

Community Development District	General Fund

	FY2018	Actual	Projected	Total	FY2019	
	Amended	thru	Next	Projected at	Amended	
Description	Budget	6/30/18	3 Months	9/30/18	Budget	
Revenues						
Developer Contributions/ Assessments	$116,298	$68,882	$31,468	$100,350	$240,759	
Total Revenues	$116,298	$68,882	$31,468	$100,350	$240,759	
Expenditures						
Administrative						
Supervisors Fees	$6,000	$4,800	$1,600	$6,400	$6,000	
FICA Expense	$459	$367	$122	$489	$459	
Engineering	$15,000	$2,669	$5,000	$7,669	$15,000	
Arbitrage	$600	$0	$0	$0	$600	
Assessment Roll	$0	$0	$0	$0	$5,000	
Dissemination Ageni:	$3,500	$2,917	$583	$3,500	$3,500	
Attorney	$20,000	$12,273	$8,766	$21,039	$20,000	
Annual Audit	$5,000	$4,000	$0	$4,000	$5,000	
Trustee	$5,275	$0	$0	$0	$5,275	
Management Fees	$45,000	$33,750	$11,250	$45,000	$45,000	
Computer Time	$1,500	$1,125	$375	$1,500	$1,500	
Telephone	$250	$128	$43	$171	$250	
Postage	$750	$52	$50	$102	$100	
Insurance	$5,500	$5,500	$0	$5,500	$6,050	
Printing & Binding	$1,000	$912	$304	$1,216	$1,500	
Legal Advertising	$3,500	$576	$192	$768	$2,500	
Other Current Charges	$500	$421	$140	$561	$500	
Website Compliance	$1,000	$750	$250	$1,000	$1,000	
Property Taxes	$1,139	$1,139	$0	$1,139	$1,200	
Office Supplies	$150	$90	$30	$120	$150	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Total Administrative	$116,298	$71,644	$28,706	$100,350	$120,759	
Field						
Supervisors Fees	$0	$0	$0	$0	$50,000	
FICA Expense	$0	$0	$0	$0	$60,000	
Engineering	$0	$0	$0	$0	$10,000	
Total Field	$0	$0	$0	$0	$120,000	
Total Expenditures	$116,298	$71,644	$28,706	$100,350	$240,759	
Assigned Fund Balance	$0	1$2,762)	$2,762	$0	$0	

Page 1

Armstrong

COMMUNITY DEVELOPMENT DISTRICT

GENERAL FUND BUDGET

REVENUES:

Developer Contributions

It is presently anticipated that the District will enter into a Funding Agreement with the Developer to fund all General Fund Expenditures for the Fiscal Year.

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.

Arbitrage

The District is required to have an annual arbitrage rebate calculation on the District'sBonds. The District will contract with an independent auditing firm to perform the calculations.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(S), which relates to additional reporting requirements for un-rated bond issues. GMS, LLC will act as Dissemination Agent.

Attorney

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

Annual Audit

The District is required to annually conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The fee is based on similar Community Development Districts and includes the GASB 34 pronouncement.

Trustee Fees

The District issued Series 2017A/B that are held with a Trustee at US Bank. The amount of the trustee fees is based on the agreement between the Bank and the District.

Management Fees

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

Postage

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

Page 2

Arrnstrong

COMMUNITY DEVELOPMENT DISTRICT

GENERAL FUND BUDGET

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Insurance

The District has a General Liability & Public Officials Liability Insurance policy with Egis Insurance & Risk Advisors, a firm that specializes in providing insurance coverage to governmental agencies.

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 Administration

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, LLC and updated monthly.

Property Taxes

Represents the Ad Valorem taxes due on a Conservation Easement held by the Districts. Taxes are paid to Jimmy Weeks, Clay County Tax Collector.

Office Supplies

Miscellaneous office supplies.

Dues, Licenses & Subscriptions

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

Page 3

Armstrong	Debt Service Fund	
Community Development District	Series 2017A/B	

	FY2018	Actual	Projected	Total	FY2019	
	Amended	thru	Next	Projected at	Adopted	
Description	Budget	6/30/18	3 Months	9/30/18	Budget	
REVENUES:						
Direct Assessments	$0	$0	$0	$0	$414,675	
,,, Interest Income	$500	$1,120	$250	$1,370	$0	
Carry Forward Surplus	$381,729	$381,729	$0	$381,729	$176,208	
TOTAL REVENUES	$382,229	$4,200	$1,600	$383,099	$590,883	
		$321				
EXPENDITURES:						
Series 2017A						
Interest 11/1	$0	$0	$0	$0	$98,975	
Principal-11/1	$0	$0	$0	$0	$0	
Interest- 5/1	$117,120	$117,120	$0	$117,120	$98,975	
Series 2017B		$0	$0			
! nterest 11/1	$0	$0	$0	$0	$75,863	
Principal-11/1	$0	$0	$0	$0	$0	
Interest- 5/1	$89,771	$89,771	$0	$89,771	$75,863	
TOTAL EXPENDITURES	$206,891	$679	$485	$206,891	$349,675	
		$510	$364			
EXCESS REVENUES	$175,338	$3,593	$1,166	$176,208	$241,207	
"' Represents Cap Interest				11/1/19 Interest	$174,838	
				11/1/19 Principal	$65,000	
					$239,838	

Page4

	Armstrong								Serles 2017A,  2023 Maturity		
	COMMUNITY DEVELOPMENT DISTRICT							Amortization Schedule		
			PRINCIPAL									
	DATE		BALANCE	RATE		INTEREST		PRINCIPAL		TOTAL		
111	1-May-18	$	355,000	3.63%	$	10,304.00	$		$			
												
	1-Nov-18	$	355,000	3.63%	$	6,434.38	$		$	16,738.38		
	1-May-19	$	355,000	3.63%	$	6,434.38	$		$			
	1-Nov-19	$	355,000	3.63%	$	6,434.38	$	65,000.00	$	77,868.75		
	1-May-20	$	290,000	3.63%	$	5,256.25	$		$			
	1-Nov-20	$	290,000	3.63%	$	5,256.25	$	70,000.00	$	80,512.50		
	1-May-21	$	220,000	3.63%	$	3,987.50	$		$			
	1-Nov-21	$	220,000	3.63%	$	3,987.50	$	70,000.00	$	77,975.00		
	1-May-22	$	150,000	3.63%	$	2,718.75	$		$			
	1-Nov-22	$	150,000	3.63%	$	2,718.75	$	75,000.00	$	80,437.50		
	1-May-23	$	75,000	3.63%	$	1,359.38	$		$			
	1-Nov-23	$	75,000	3.63%	$	1,359.38	$	75,000.00	$	77,718.75		
									$			
				Total	$	53,532.13	$	280,000.00	$	333,532.13		

(l)	Represents Interest from 9/6/17 through 5/1/18

Pages

	Armstrong								Series 2017A,	2028 Maturity		
	COMMUNITY DEVELOPMENT DISTRICT						Amortization Schedule		
			PRINCIPAL									
	DATE		BALANCE	RATE		INTEREST		PRINCIPAL	TOTAL		
11)	1-May-18	$	430,000	4.50%	$	12,481.23	$		$			
												
	1-Nov-18	$	430,000	4.50%	$	9,675.00	$		$	22,156.23		
	1-May-19	$	430,000	4.50%	$	9,675.00	$		$			
	1-Nov-19	$	430,000	4.50%	$	9,675.00	$		$	19,350.00		
	1-May-20	$	430,000	4.50%	$	9,675.00	$		$			
	1-Nov-20	$	430,000	4.50%	$	9,675.00	$		$	19,350.00		
	1-May-21	$	430,000	4.50%	$	9,675.00	$		$			
	1-Nov-21	$	430,000	4.50%	$	9,675.00	$		$	19,350.00		
	1-May-22	$	430,000	4.50%	$	9,675.00	$		$			
	1-Nov-22	$	430,000	4.50%	$	9,675.00	$		$	19,350.00		
	1-May-23	$	430,000	4.50%	$	9,675.00	$		$			
	1-Nov-23	$	430,000	4.50%	$	9,675.00	$		$	19,350.00		
	1-May-24	$	430,000	4.50%	$	9,675.00	$					
	1-Nov-24	$	430,000	4.50%	$	9,675.00	$	80,000.00	$	99,350.00		
	1-May-25	$	350,000	4.50%	$	7,875.00	$		$			
	1-Nov-25	$	350,000	4.50%	$	7,875.00	$	80,000.00	$	95,750.00		
	1-May-26	$	270,000	4.50%	$	6,075.00	$		$			
	1-Nov-26	$	270,000	4.50%	$	6,075.00	$	85,000.00	$	97,150.00		
	1-May-27	$	185,000	4.50%	$	4,162.50	$		$			
	1-Nov-27	$	185,000	4.50%	$	4,162.50	$	90,000.00	$	98,325.00		
	1-May-28	$	95,000	4.50%	$	2,137.50	$		$			
	1-Nov-28	$	95,000	4.50%	$	2,137.50	$	95,000.00	$	99,275.00		
				Total	$	178,756.23	$	430,000.00	$	608,756.23		
(1)	Represents Interest from 9/6/17 through 5/1/18									

Page6

	Armstrong								Serles 2017A,  2034 Maturity		
	COMMUNITY DEVELOPMENT DISTRICT							Amortization Schedule		
			PRINCIPAL									
	DATE		BALANCE	RATE		INTEREST		PRINCIPAL		TOTAL		
(1)	1-May-18	$	665,000	5.00%	$	19,302.37	$		$			
												
	1-Nov-18	$	665,000	5.00%	$	16,625.00	$		$	35,927.37		
	1-May-19	$	665,000	5.00%	$	16,625.00	$		$			
	1-Nov-19	$	665,000	5.00%	$	16,625.00	$		$	33,250.00		
	1-May-20	$	665,000	5.00%	$	16,625.00	$		$			
	1-Nov-20	$	665,000	5.00%	$	16,625.00	$		$	33,250.00		
	1-May-21	$	665,000	5.00%	$	16,625.00	$		$			
	1-Nov-21	$	665,000	5.00%	$	16,625.00	$		$	33,250.00		
	1-May-22	$	665,000	5.00%	$	16,625.00	$		$			
	1-Nov-22	$	665,000	5.00%	$	16,625.00	$		$	33,250.00		
	1-May-23	$	665,000	5.00%	$	16,625.00	$		$			
	1-Nov-23	$	665,000	5.00%	$	16,625.00	$		$	33,250.00		
	1-May-24	$	665,000	5.00%	$	16,625.00	$		$			
	1-Nov-24	$	665,000	5.00%	$	16,625.00	$		$	33,250.00		
	1-May-25	$	665,000	5.00%	$	16,625.00	$		$			
	1-Nov-25	$	665,000	5.00%	$	16,625.00	$		$	33,250.00		
	1-May-26	$	665,000	5.00%	$	16,625.00	$		$			
	1-Nov-26	$	665,000	5.00%	$	16,625.00	$		$	33,250.00		
	1-May-27	$	665,000	5.00%	$	16,625.00	$		$			
	1-Nov-27	$	665,000	5.00%	$	16,625.00	$		$	33,250.00		
	1-May-28	$	665,000	5.00%	$	16,625.00	$		$			
	1-Nov-28	$	665,000	5,00%	$	16,625.00	$		$	33,250.00		
	1-May-29	$	665,000	5.00%	$	16,625.00	$		$			
	1-Nov-29	$	665,000	5.00%	$	16,625.00	$	100,000.00	$	133,250.00		
	1-May-30	$	565,000	5.00%	$	14,125.00	$		$			
	1-Nov-30	$	565,000	5.00%	$	14,125.00	$	100,000.00	$	128,250.00		
	1-May-31	$	465,000	5.00%	$	11,625.00	$		$			
	1-Nov-31	$	465,000	5.00%	$	11,625.00	$	105,000.00	$	128,250,00		
	1-May-32	$	360,000	5.00%	$	9,000,00	$		$			
	1-Nov-32	$	360,000	5.00%	$	9,000.00	$	115,000.00	$	133,000.00		
	1-May-33	$	245,000	5.00%	$	6,125.00	$		$			
	1-Nov-33	$	245,000	5.00%	$	6,125.00	$	120,000.00	$	132,250.00		
	1-May-34	$	125,000	5.00%	$	3,125.00	$		$			
	1-Nov-34	$	125,000	5.00%	$	3,125.00	$	125,000.00	$	131,250.00		
				Total	$	489,677.37	$	665,000.00	$	1,154,677.37		
Ill	Represents Interest from 9/6/17 through 5/1/18									

Page7

Armstrong								Serles 2017A,	2048 Maturity		
COMMUNITY DEVELOPMENT DISTRICT						Amortil:ation Schedule		
		PRINCIPAL									
DATE		BALANCE	RATE		INTEREST		PRINCIPAL	TOTAL		
,,,	$	2,585,000	5.13%	$	75,033.00	$		$			
1-May-18											
1-Nov-18	$	2,585,000	5.13%	$	66,240.63	$		$	141,273.63		
1-May-19	$	2,585,000	5.13%	$	66,240.63	$		$			
1-Nov-19	$	2,585,000	5.13%	$	66,240.63	$		$	132,481.25		
1-May-20	$	2,585,000	5.13%	$	66,240.63	$		$			
1-Nov-20	$	2,585,000	5.13%	$	66,240.63	$		$	132,481.25		
1-May-21	$	2,585,000	5.13%	$	66,240.63	$		$			
1-Nov-21	$	2,585,000	5.13%	$	66,240.63	$		$	132,481.25		
1-May-22	$	2,585,000	5.13%	$	66,240.63	$		$			
1-Nov-22	$	2,585,000	5.13%	$	66,240.63	$		$	132,481.25		
1-May-23	$	2,585,000	5.13%	$	66,240.63	$		$			
1-Nov-23	$	2,585,000	5.13%	$	66,240.63	$		$	132,481.25		
1-May-24	$	2,585,000	5.13%	$	66,240.63	$		$			
1-Nov-24	$	2,585,000	5.13%	$	66,240.63	$		$	132,481.25		
1-May-25	$	2,585,000	5.13%	$	66,240.63	$		$			
1-Nov-25	$	2,585,000	5.13%	$	66,240.63	$		$	132,481.25		
1-May-26	$	2,585,000	5.13%	$	66,240.63	$		$			
1-Nov-26	$	2,585,000	5.13%	$	66,240.63	$		$	132,481.25		
1-May-27	$	2,585,000	5.13%	$	66,240.63	$		$			
1-Nov-27	$	2,585,000	5.13%	$	66,240.63	$		$	132,481.25		
1-May-28	$	2,585,000	5.13%	$	66,240.63	$		$			
1-Nov-28	$	2,585,000	5.13%	$	66,240.63	$		$	132,481.25		
1-May-29	$	2,585,000	5.13%	$	66,240.63	$		$			
1-Nov-29	$	2,585,000	5.13%	$	66,240.63	$		$	132,481.25		
1-May-30	$	2,585,000	5.13%	$	66,240.63	$		$			
1-Nov-30	$	2,585,000	5.13%	$	66,240.63	$		$	132,481.25		
1-May-31	$	2,585,000	5.13%	$	66,240.63	$		$			
1-Nov-31	$	2,585,000	5.13%	$	66,240.63	$		$	132,481.25		
1-May-32	$	2,585,000	5.13%	$	66,240.63	$		$			
1-Nov-32	$	2,585,000	5.13%	$	66,240.63	$		$	132,481.25		
1-May-33	$	2,585,000	5.13%	$	66,240.63	$		$			
1-Nov-33	$	2,585,000	5.13%	$	66,240.63	$		$	132,481.25		
1-May-34	$	2,585,000	5.13%	$	66,240.63	$		$			
1-Nov-34	$	2,585,000	5.13%	$	66,240.63	$		$	132,481.25		
1-May-35	$	2,585,000	5.13%	$	66,240.63	$		$			
1-Nov-35	$	2,585,000	5.13%	$	66,240.63	$	130,000.00	$	262,481.25		
1-May-36	$	2,455,000	5.13%	$	62,909.38	$		$			
1-Nov-36	$	2,455,000	5.13%	$	62,909.38	$	140,000.00	$	265,818.75		
1-May-37	$	2,315,000	5,13%	$	59,321.88	$		$			
1-Nov-37	$	2,315,000	5.13%	$	59,321.88	$	145,000.00	$	263,643.75		
1-May-38	$	2,170,000	5.13%	$	55,606.25	$		$			
1-Nov-38	$	2,170,000	5.13%	$	55,606.25	$	150,000.00	$	261,212.50		
1-May-39	$	2,020,000	5.13%	$	51,762.50	$		$			
1-Nov-39	$	2,020,000	5.13%	$	51,762.50	$	160,000.00	$	263,525.00		
1-May-40	$	1,860,000	5.13%	$	47,662.50	$		$			
1-Nov-40	$	1,860,000	5.13%	$	47,662.50	$	170,000.00	$	265,325.00		
1-May-41	$	1,690,000	5.13%	$	43,306.25	$		$			
1-Nov-41	$	1,690,000	5.13%	$	43,306.25	$	175,000.00	$	261,612.50		
1-May-42	$	1,515,000	5.13%	$	38,821.88	$		$			
1-Nov-42	$	1,515,000	5.13%	$	38,821.88	$	185,000.00	$	262,643.75		
1-May-43	$	1,330,000	5.13%	$	34,081.25	$		$			
1-Nov-43	$	1,330,000	5.13%	$	34,081.25	$	195,000.00	$	263,162.50		
1-May-44	$	1,135,000	5.13%	$	29,084.38	$		$			
1-Nov-44	$	1,135,000	5.13%	$	29,084.38	$	205,000.00	$	263,168,75		
1-May-45	$	930,000	5.13%	$	23,831.25	$		$			
1-Nov-45	$	930,000	5.13%	$	23,831.25	$	215,000.00	$	262,662.50		
1-May-46	$	715,000	5.13%	$	18,321.88	$		$			
1-Nov-46	$	715,000	5.13%	$	18,321.88	$	225,000.00	$	261,643.75		
1-May-47	$	490,000	5.13%	$	12,556.25	$		$			
1-Nov-47	$	490,000	5.13%	$	12,556.25	$	240,000.00	$	265,112.50		
1-May-48	$	250,000	5.13%	$	6,406.25	$		$			
1-Nov-48	$	250,000	5.13%	$	6,406.25	$	250,000.00	$	262,812.50		
			Total	$	3,360,798.63	$	2,585,000.00	$	5,945,798.63		
'"  Represents Interest from9/6/17tbrough 5/1/lf!

Page 8

Armstrong	Series 2017A	
COMMUN ITV DEVELOPMENT DISTRICT	Amortization Schedule	

"'

{1)

PRINCIPAL

DATE	BALANCE	INTEREST	PRINCIPAL	TOTAL

1-May-18	$	4,035,000	$	117,121	$		$		
1-Nov-18	$	4,035,000	$	98,975	$		$	216,095.60	
1-May-19	$	4,035,000	$	98,975	$		$		
1-Nov-19	$	4,035,000	$	98,975	$	65,000	$	262,950.00	
1-May-20	$	3,970,000	$	97,797	$		$		
1-Nov-20	$	3,970,000	$	97,797	$	70,000	$	265,593.75	
1-May-21	$	3,900,000	$	96,528	$		$		
1-Nov-21	$	3,900,000	$	96,528	$	70,000	$	263,056.25	
1-May-22	$	3,830,000	$	95,259	$		$		
1-Nov-22	$	3,830,000	$	95,259	$	75,000	$	265,518.75	
1-May-23	$	3,755,000	$	93,900	$		$		
1-Nov-23	$	3,755,000	$	93,900	$	75,000	$	262,800.00	
1-May-24	$	3,680,000	$	92,541	$		$		
1-Nov-24	$	3,680,000	$	92,541	$	80,000	$	265,081.25	
1-May-2.5	$	3,600,000	$	90,741	$		$		
1-Nov-25	$	3,600,000	$	90,741	$	80,000	$	261,481.25	
1-May-26	$	3,520,000	$	88,941	$		$		
1-Nov-26	$	3,520,000	$	88,941	$	85,000	$	262,881.25	
1-May-27	$	3,435,000	$	87,028	$		$		
1-Nov-27	$	3,435,000	$	87,028	$	90,000	$	264,056.25	
1-May-28	$	3,345,000	$	85,003	$		$		
1-Nov-28	$	3,345,000	$	85,003	$	95,000	$	265,006.25	
1-May-29	$	3,250,000	$	82,866	$		$		
1-Nov-2.9	$	3,250,000	$	82,866	$	100,000	$	265,731.25	
1-May-30	$	3,150,000	$	80,366	$		$		
1-Nov-30	$	3,150,000	$	80,366	$	100,000	$	260,731.25	
1-May-31	$	3,050,000	$	77,866	$		$		
1-Nov-31	$	3,050,000	$	77,866	$	105,000	$	260,731.25	
1-May-32	$	2,945,000	$	75,241	$		$		
1-Nov-32	$	2,945,000	$	75,241	$	115,000	$	265,481.25	
1-May-33	$	2,830,000	$	72,366	$		$		
1-Nov-33	$	2,830,000	$	72,366	$	120,000	$	264,731.25	
1-May-34	$	2,710,000	$	69,366	$		$		
1-Nov-34	$	2,710,000	$	69,366	$	125,000	$	263,731.25	
1-May-35	$	2,585,000	$	66,241	$		$		
1-Nov-35	$	2,585,000	$	66,241	$	130,000	$	262,481.25	
1-May-36	$	2,455,000	$	62,909	$		$		
1-Nov-36	$	2,455,000	$	62,909	$	140,000	$	2.65,818.75	
1-May-37	$	2,315,000	$	59,322	$		$		
1-Nov-37	$	2,315,000	$	59,322	$	145,000	$	263,643.75	
1-May-38	$	2,170,000	$	55,606	$		$		
1-Nov-38	$	2,170,000	$	55,606	$	150,000	$	261,212.50	
1-May-39	$	2,020,000	$	51,763	$		$		
1-Nov-39	$	2,020,000	$	51,763	$	160,000	$	263,525.00	
1-May-40	$	1,860,000	$	47,663	$		$		
1-Nov-40	$	1,860,000	$	47,663	$	170,000	$	265,325.00	
1-May-41	$	1,690,000	$	43,306	$		$		
1-Nov-41	$	1,690,000	$	43,306	$	175,000	$	261,612.50	
1-May-42	$	1,515,000	$	38,822	$		$		
1-Nov-42	$	1,515,000	$	38,822	$	185,000	$	262,643.75	
1-May-43	$	1,330,000	$	34,081	$		$		
1-Nov-43	$	1,330,000	$	34,081	$	195,000	$	263,162.50	
1-May-44	$	1,135,000	$	29,084	$		$		
1-Nov-44	$	1,135,000	$	29,084	$	205,000	$	263,168.75	
1-May-45	$	930,000	$	23,831	$		$		
1-Nov-45	$	930,000	$	23,831	$	215,000	$	262,662.50	
1-May-46	$	715,000	$	18,322	$		$		
1-Nov-46	$	715,000	$	18,322	$	225,000	$	261,643.75	
1-May-47	$	490,000	$	12,556	$		$		
1-Nov-47	$	490,000	$	12,556	$	240,000	$	265,112.50	
1-May-48	$	250,000	$	6,406	$		$		
1-Nov-48	$	250,000	$	6,406	$	250,000	$	262,812.50	
			$	4,085,483.10	$	4,035,000.00	$	8,120,483.10	

Represents Interest from 9/6/17 through 5/1/18

Page 5

	Armstrong									Series 2017B		
	COMMUNITY DEVELOPMENT DISTRICT							Amortization Schedule		
			PRINCIPAL									
	DATE		BALANCE	RATE		INTEREST		PRINCIPAL		TOTAL		
(1)	1-May-18	$	2,890,000	5.25%	$	89,770.63	$		$			
												
	1-Nov-18	$	2,890,000	5.25%	$	75,862.50	$		$	165,633.13		
	1-May-19	$	2,890,000	5.25%	$	75,862.50	$		$			
	1-Nov-19	$	2,890,000	5.25%	$	75,862.50	$		$	151,725.00		
	1-May-20	$	2,890,000	5.25%	$	75,862.50	$		$			
	1-Nov-20	$	2,890,000	5.25%	$	75,862.50	$		$	151,725.00		
	1-May-21	$	2,890,000	5.25%	$	75,862.50	$		$			
	1-Nov-21	$	2,890,000	5.25%	$	75,862.50	$		$	151,725.00		
	1-May-22	$	2,890,000	5.25%	$	75,862.50	$		$			
	1-Nov-22	$	2,890,000	5.25%	$	75,862.50	$		$	151,725.00		
	1-May-23	$	2,890,000	5.25%	$	75,862.50	$		$			
	1-Nov-23	$	2,890,000	5.25%	$	75,862.50	$		$	151,725.00		
	1-May-24	$	2,890,000	5.25%	$	75,862.50	$		$			
	1-Nov-2:4	$	2,890,000	5.25%	$	75,862.50	$		$	151,725.00		
	1-May-25	$	2,890,000	5.25%	$	75,862.50	$		$			
	1-Nov-25	$	2,890,000	5.25%	$	75,862.50	$		$	151,725.00		
	1-May-26	$	2,890,000	5.25%	$	75,862.50	$		$			
	1-Nov-26	$	2,890,000	5.25%	$	75,862.50	$		$	151,725.00		
	1-May-27	$	2,890,000	5.25%	$	75,862.50	$		$			
	1-Nov-27	$	2,890,000	5.25%	$	75,862.50	$		$	151,725.00		
	1-May-28	$	2,890,000	5.25%	$	75,862.50	$		$			
	1-Nov-28	$	2,890,000	5.25%	$	75,862.50	$		$	151,725.00		
	1-May-29	$	2,890,000	5.25%	$	75,862.50	$		$			
	1-Nov-29	$	2,890,000	5.25%	$	75,862.50	$	2,890,000.00	$	3,041,725.00		
				Total	$	1,834,608.13	$	2,890,000.00	$	4,724,608.13		
(1)	Represents Interest from 9/6/17 through 5/1/18									

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