Harbor Reserve Community Development District

Meeting Agenda April 14, 2026

-. ·-�-

Harbor Reserve
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
April 7, 2026

Board of Supervisors Meeting
Harbor Reserve Community Development District

Dear Board Members:
A Board of Supervisors Meeting of the Harbor Reserve Community Development District will be held Tuesday, April 14, 2026 at 11:15 AM at the West Osceola Branch Library, 305 Campus Street, Celebration, FL 34747.
Zoom Link: https://us06web.zoom.us/j/89751677473
Call-In Information: 1-646-876-9923
Meeting ID: 897 5167 7473
Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period (Public Comments will be limited to three (3) minutes each)
Organizational Matters
Appointment to Fill Vacant Board Seat #4 (tabled from January 13, 2026 Board Meeting)
Administration of Oath to Newly Appointed Supervisor
Consideration of Resolution 2026-07 Appointing an Assistant Secretary
Approval of Minutes of the January 13, 2026 Board of Supervisors & Audit Committee Meetings
Consideration of Resolution 2026-08 Approving the Proposed Fiscal Year 2026/2027 Budget and Setting the Public Hearing on the Adoption of the Fiscal Year 2026/2027 Budget (Suggested Date: July 14, 2026) (budget to be provided under separate cover)
Staff Reports
Attorney
Engineer
District Manager’s Report
Ratification of Funding Requests #14 through #16
Balance Sheet & Income Statement
Other Business
Supervisors Requests and Audience Comments
Adjournment

Section III

Section C

RESOLUTION 2026-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HARBOR RESERVE COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE
Whereas, the Harbor Reserve Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, pursuant to Chapter 190, Florida Statutes, the Board of Supervisors (“Board”), shall organize by electing one of its members as Chair and by electing an Assistant Secretary, and such other officers as the Board may deem necessary.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HARBOR RESERVE COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.	DISTRICT OFFICERS. The following persons are elected to the offices
shown:

Assistant Secretary		

SECTION 2.	CONFLICTS. All Resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent of such conflict.

SECTION 3.	EFFECTIVE DATE. This Resolution shall become effective immediately upon its adoption.
Passed and adopted this 14th day of April 2026

ATTEST:	HARBOR RESERVE COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

MINUTES

MINUTES OF MEETING HARBOR RESERVE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Harbor Reserve Community Development District was held Tuesday, January 13, 2026, at 11:20 a.m. at the West Osceola Branch Library, 305 Campus Street, Celebration, Florida.

Present and constituting a quorum:

David Matt	Chairman
Kristen Matt	Vice Chairperson
Tom Franklin	Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Savannah Hancock by Zoom	District Counsel, Kilinski Van Wyk Shawn Hindle by Zoom	District Engineer, Hanson Walter

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order and called the roll at 11:20 a.m. Three Supervisors were present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns stated there were no members of the public present for public comment.

THIRD ORDER OF BUSINESS	Organizational Matters
Acceptance of Resignation of Mariellen Jewers (Seat #4)
Ms. Burns presented the letter of resignation from Mariellen Jewers (Seat #4) and asked the Board to accept that resignation.

On MOTION by Mr. Matt, seconded by Mr. Franklin, with all in favor, Accepting the Resignation of Mariellen Jewers (Seat #4), was approved.

Appointment to Fill Vacant Board Seat #4

January 13, 2026	Harbor Reserve CDD

Administration of Oath to Newly Appointed Supervisor
Consideration of Resolution 2026-07 Appointing an Assistant Secretary
Ms. Burns stated that there is a vacant seat and asked if the Board was ready to fill that seat or if they would like to table this item until the next Board of Supervisor’s meeting. Board direction was to table this item to a future meeting agenda.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the December 9,
2025 Board of Supervisors & Audit Committee Meetings
Ms. Burns presented the minutes from the December 9, 2025 Board of Supervisors meeting and Audit Committee meeting. She asked for any corrections, comments, or questions. The Board had no changes to the minutes.

On MOTION by Mr. Matt seconded by Mr. Franklin, with all in favor, the Minutes of the December 9, 2025 Board of Supervisors and Audit Committee Meeting, were approved.

FIFTH ORDER OF BUSINESS	Acceptance of the Rankings of the Audit
Committee and Authorizing Staff to Send Notice of Intent to Award
Ms. Burns presented the rankings of the audit committee meeting and asked the Board to authorize staff to send and notice of intent to award.

On MOTION by Mr. Franklin, seconded by Ms. Matt, with all in favor, Acceptance of the Rankings of the Audit Committee with Grau & Associates Ranked #1 and Authorizing Staff to Send Notice to Award, was approved.

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Hancock stated that the legislation session has just kicked off and they are monitoring that and will be sending newsletters biweekly. She will be ready for any conveyances when the developer is ready to have those turned over to the CDD.

Engineer

2

January 13, 2026	Harbor Reserve CDD

Mr. Hindle had nothing to report to the Board.

District Manager’s Report
Ratification of Funding Requests #12 & #13
Ms. Burns presented funding requests #12 and #13 stating they have already been approved and she is just looking for a motion to ratify that action.

On MOTION by Ms. Matt, seconded by Mr. Matt, with all in favor, Funding Requests #12 & #13, were ratified.

review.

Balance Sheet & Income Statement
Ms. Burns noted that the financial statements were included in the agenda package for

SEVENTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

EIGHTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
There being no comments, the next item followed.

NINTH ORDER OF BUSINESS	Adjournment
Ms. Burns adjourned the meeting.

On MOTION by Mr. Matt, seconded by Mr. Franklin, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

3

MINUTES OF MEETING HARBOR RESERVE
COMMUNITY DEVELOPMENT DISTRICT

The audit committee meeting of the Board of Supervisors of the Harbor Reserve Community Development District was held Tuesday, January 13, 2026 at 11:17 a.m. at the West Osceola Branch Library, 305 Campus Street, Celebration, Florida.

Present for the Audit Committee were:

David Matt Kristen Matt Tom Franklin

Also present were:
Jill Burns	District Manager, GMS
Savannah Hancock by Zoom	District Counsel, Kilinski Van Wyk Shawn Hindle by Zoom	 District Engineer, Hanson Walter

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order and called the roll at 11:17 a.m. Three Board members were present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns stated that no members of the public were present for public comment.

THIRD ORDER OF BUSINESS	Review of Proposals and Tally of Audit
Committee Members Rankings
DiBartolomeo, McBee, Hartley & Barnes
Grau & Associates
McIntosh CPA
Ms. Burns noted that staff issued an RFP for auditing services and received three responses. Mr. Matt reviewed the rankings and reported that DiBartolomeo, McBee, Hartley & Barnes received 99 points, Grau & Associates received 100 points, and McIntosh CPA received 98 points; awarding Grau & Associates with the contract of auditing services for the District.

January 13, 2026	Harbor Reserve CDD

On MOTION by Mr. Franklin, seconded by Ms. Matt, with all in favor, Ranking Grau & Associates as the #1 Ranked Audit Proposal, was approved.

FOURTH ORDER OF BUSINESS	Adjournment
Ms. Burns adjourned the meeting.

On MOTION by Mr. Franklin, seconded by Ms. Matt, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

2

Section V

RESOLUTION 2026-08

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE HARBOR RESERVE COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGETS FOR FISCAL YEAR 2027 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to June 15, 2026, prepared and submitted to the Board of Supervisors (“Board”) of the Harbor Reserve Community Development District (“District”) proposed budgets (“Proposed Budget”) for the Fiscal Year beginning October 1, 2026, and ending September 30, 2027 (“Fiscal Year 2027”); and
WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HARBOR RESERVE COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2027 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:	Tuesday, July 14, 2026
HOUR:	11:15 a.m.
LOCATION:	West Osceola Branch Library
305 Campus Street
Celebration, Florida 34747

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE
GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Osceola County, Florida at least sixty (60) days prior to the hearing set above.
POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two (2) days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least forty-five (45) days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 14TH DAY OF APRIL 2026.

ATTEST:	HARBOR RESERVE
COMMUNITY DEVELOPMENT DISTRICT

By: 	

Secretary	Its: 	

Exhibit A:	Proposed Budget for Fiscal Year 2027

Budget will be provided under separate cover.

Section VI

Section C

Section 1

Harbor Reserve
Community Development District

Funding Request #14 January20,2026

Bill to:	EnrightReal Property Company, LLC

Payee	General Fund FY26

1	Governmental Management Services		
Invoice# 7 Management Fees - January 2026	$	3,586.60	
2	Kilinski Van Wyk PLLC
Invoice #13924- December 2025	
$	1,107.75	
3	Osceola New Gazette		
Invoice# 88606387-0060- 01/01/2026	$	70.51	
4	US Bank
Invoice#8016119	
$	4,676.25	
5	Board of Supervisors Meeting- January 13,2026
Thomas Franklin	
$	215.30	
David Matt	$	215.30	
Kristen Matt	$	215.30	

$	10,087.01

  Total:	$	10,087.01 

Please remit funds fifteen (15) business days of a written request by the District

Please make check payable tn:

Harbor Reserve
Community Development District
6200 Lee Vista Blvd, Suite 300
Orlando, FL 32822

Harbor Reserve
Community Development District

Funding Request #15
February 16,2026

Bill to:	Enright Real Property Company, LLC

Payee	General Fund FY26

1	Governmental Management Services		
Inv# 8- Management Fees - February 2026	$	4,847.44	
2	Kilinski Van Wyk PLLC
Invoice#l4191-January2026	
$	438.00	

$	5,285.44

	Total:	$	5,285.44 

Please remit funds fifteen (15) business days of a written request by the District

Please make check payable to:

Harbor Reserve
Community Development District
6200 Lee Vista Blvd, Suite 300
Orlando, FL 32822

Harbor Reserve
Community Development District

Funding Request #16
March 19,2026

Bill to:	Enright Real Property Company, LLC

Payee	General Fund FY26

1	Governmental Management Services		
Inv# 9- Management Fees - March 2026	$	4,007.87	
2	Grau & Associates
Invoice# 28799 - Audit FYE 09/30/25	
$	2,800.00	
3	Kilinski Van Wyk PLLC
Invoice #14378- February 2026	
$	225.00	

$	7,032.87

	Total:	$	7,032.87 

Please remit funds fiftEen (15) business days of a written request by the District

Please make check payable to:

Harbor Reserve
Community Development District 6200 Lee Vista Blvd, Suite 300 Orlando, FL32822

Section 2

Harbor Reserve
Community Development District

Unaudited Financial Reporting
February 28, 2026

Table of Contents

	Balance Sheet

	General Fund

	Debt Service Fund - Series 2025

	Capital Projects Fund - Series 2025

	Month to Month

	Long Term Debt Report

Harbor Reserve
Community Development District Combined Balance Sheet February 28, 2026

	General		Debt Service	Capital Projects		Totals	
	Fund		Fund		Fund	Governmental Funds	
Assets:									
Cash:									
Operating Account	$	13,222	$	-	$	-	$	13,222	
Due from Developer	$	14,238	$	-	$	-	$	14,238	
Prepaid Expense	$	779	$	-	$	-	$	779	
Investments:									
Capital Interest	$	-	$	777,540	$	-	$	777,540	
Construction	$	-	$	-	$	9,704,582	$	9,704,582	
Cost of Issuance	$	-	$	-	$	5,632	$	5,632	
Reserve	$	-	$	1,045,150	$	-	$	1,045,150	
Revenue	$	-	$	6,935	$	-	$	6,935	
Total Assets	$	28,240	$	1,829,625	$	9,710,215	$	11,568,079	
Liabilities:									
Accounts Payable	$	19,390	$	-	$	-	$	19,390	
Employee FICA	$	306	$	-	$	-	$	306	
Total Liabilites	$	19,696	$	-	$	-	$	19,696	
Fund Balance:									
Nonspendable:									
Deposits and Prepaid Items	$	779	$	-	$	-	$	779	
Restricted:									
Capital Projects	$	-	$	-	$	9,710,215	$	9,710,215	
Debt Service	$	-	$	1,829,625	$	-	$	1,829,625	
Unassigned	$	7,765	$	-	$	-	$	7,765	
Total Fund Balances	$	8,544	$	1,829,625	$	9,710,215	$	11,548,383	
									
Total Liabilities & Fund Balance	$	28,240	$	1,829,625	$	9,710,215	$	11,568,079	

1

Harbor Reserve
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2026

Adopted	Prorated Budget	Actual	
Budget	Thru 02/28/26	Thru 02/28/26	Variance	

Revenues:		
Developer Contributions	$	98,540	$	36,159	$	36,159	$	-	
Total Revenues	$	98,540	$	36,159	$	36,159	$	-	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	-	$	-	$	2,000	$	(2,000)	
FICA Expense	$	-	$	-	$	153	$	(153)	
Engineering	$	2,000	$	833	$	-	$	833	
Attorney	$	25,000	$	10,417	$	5,088	$	5,328	
Annual Audit	$	5,500	$	-	$	-	$	-	
Arbitrage	$	500	$	-	$	-	$	-	
Dissemination	$	2,000	$	833	$	1,250	$	(417)	
Trustee Fees	$	4,500	$	3,897	$	3,897	$	-	
Management Fees	$	48,000	$	20,000	$	16,667	$	3,333	
Information Technology	$	-	$	-	$	750	$	(750)	
Website Maintenance	$	915	$	381	$	500	$	(119)	
Postage & Delivery	$	500	$	208	$	117	$	92	
Insurance	$	5,500	$	5,500	$	5,000	$	500	
Copies	$	500	$	208	$	-	$	208	
Legal Advertising	$	1,750	$	729	$	512	$	218	
Telephone	$	200	$	83	$	-	$	83	
Other Current Charges	$	1,500	$	625	$	512	$	113	
Office Supplies	$	-	$	-	$	8	$	(8)	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	98,540	$	43,891	$	36,629	$	7,262	
					
Total Expenditures	$	98,540	$	43,891	$	36,629	$	7,262	
					
Excess (Deficiency) of Revenues over Expenditures	$	-		$	(469)		
					
Fund Balance - Beginning	$	-		$	9,013		
					
Fund Balance - Ending	$	-		$	8,544		

2

Harbor Reserve
Community Development District Debt Service Fund - Series 2025
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2026

Adopted	Prorated Budget	Actual	
Budget	Thru 02/28/26	Thru 02/28/26	Variance	

Revenues:		
Interest	$	-	$	-	$	12,060	$	12,060	
Total Revenues	$	-	$	-	$	12,060	$	12,060	

Expenditures:					
Interest 11/1	$	-	$	-	$	-	$	-	
Principal 5/1	$	-	$	-	$	-	$	-	
interest - 5/1	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	12,060		

Other Financing Sources/(Uses):					
Bond Proceeds	$	-	$	-	$	1,817,565	$	1,817,565	
Total Other Financing Sources/(Uses)	$	-	$	-	$	1,817,565	$	1,817,565	
					
Net Change in Fund Balance	$	-	$	1,829,625		
					
Fund Balance - Beginning	$	-	$	-		
					
Fund Balance - Ending	$	-	$	1,829,625		

3

Harbor Reserve
Community Development District Capital Projects Fund - Series 2025
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending February 28, 2026

	Adopted	Prorated Budget	Actual		
		Budget	Thru 02/28/26	Thru 02/28/26	Variance	

Revenues:					
Interest	$		-	$	-	$	78,000	$	78,000	
Total Revenues	$		-	$	-	$	78,000	$	78,000	

Expenditures:					
Capital Outlay	$		-	$	-	$	2,866,257	$	(2,866,257)	
Capital Outlay - Cost of Issuance	$		-	$	-	$	554,667	$	(554,667)	
Developer Reimbursement	$		-	$	-	$	123,123	$	(123,123)	
Total Expenditures	$		-	$	-	$	3,544,047	$	(3,544,047)	
					
Excess (Deficiency) of Revenues over Expenditures	$		-	($3,466,047)		

Other Financing Sources/(Uses):					
Bond Proceeds	$		-	$	-	$	13,317,435	$	13,317,435	
Developer Advances	$		-	$	-	$	36,848	$	36,848	
Total Other Financing Sources/(Uses)	$		-	$	-	$  13,354,283	$  13,354,283	
					
Net Change in Fund Balance	$		-	$	9,888,236		
					
Fund Balance - Beginning	$		-	$	(178,021)		
					
Fund Balance - Ending	$		-	$	9,710,215		

4

Harbor Reserve
Community Development District Month to Month

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Revenues:

Developer Contributions

$	4,881  $

11,335  $

4,570  $

10,087  $

5,285  $

-  $	-  $

-  $	-  $

-  $	-  $

-  $	36,159

Total Revenues	$	4,881  $	11,335  $	4,570  $	10,087  $	5,285  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	36,159

Expenditures:

General & Administrative:

Supervisor Fees FICA Expense Engineering Attorney Annual Audit Arbitrage Dissemination Trustee Fees
Management Fees Information Technology Website Maintenance Postage & Delivery Insurance
Copies
Legal Advertising Telephone
Other Current Charges Office Supplies
Dues, Licenses & Subscriptions

$	-  $
$	-  $
$	-  $
$	2,416  $
$	-  $
$	-  $
$	-  $
$	-  $
$	3,333  $
$	150  $
$	100  $
$	46  $
$	5,000  $
$	-  $
$	298  $
$	-  $
$	180  $
$	-  $
$	175  $

-  $
-  $
-  $
902  $
-  $
-  $
-  $
-  $
3,333  $
150  $
100  $
36  $
-  $
-  $
68  $
-  $
206  $
3  $
-  $

-  $
-  $
-  $
1,108  $
-  $
-  $
417  $
-  $
3,333  $
150  $
100  $
23  $
-  $
-  $
75  $
-  $
181  $
0  $
-  $

2,000  $
153  $
-  $
438  $
-  $
-  $
417  $
3,897  $
3,333  $
150  $
100  $
1  $
-  $
-  $
71  $
-  $
182  $
3  $
-  $

-  $
-  $
-  $
225  $
-  $
-  $
417  $
-  $
3,333  $
150  $
100  $
11  $
-  $
-  $
-  $
-  $
(237)  $
3  $
-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	2,000
-  $	153
-  $	-
-  $	5,088
-  $	-
-  $	-
-  $	1,250
-  $	3,897
-  $	16,667
-  $	750
-  $	500
-  $	117
-  $	5,000
-  $	-
-  $	512
-  $	-
-  $	512
-  $	8
-  $	175

Excess (Deficiency) of Revenues over Expenditures	$	(6,818)  $	6,538  $	(817)  $	(657)  $	1,283  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	(469)

Total Expenditures	$	11,699  $	4,797  $	5,387  $	10,744  $	4,002  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	36,629

Total General & Administrative	$	11,699  $	4,797  $	5,387  $	10,744  $	4,002  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	36,629

5

Harbor Reserve
Community Development District Long Term Debt Report

Series 2025, Special Assessment Revenue Bonds

Interest Rates:	4.250%, 4.500%, 5.500%, 5.750%
Maturity Date:	5/1/2056
Reserve Fund Definition	Maximum Annual Debt Service Reserve Fund Requirement		$1,045,150
Reserve Fund Balance	$1,045,150

Bonds Outstanding - 11/25/25	$15,135,000	
Current Bonds Outstanding	$15,135,000	

6