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SERVICE PLAN — FIVE YEAR BUDGET FORECAST
<br /> The Act requires the annual indebtedness and projected costs for the improvements to be
<br /> reviewed and updated in the Annual Service Plan Update, and the projection shall cover a period
<br /> of not less than five years.
<br /> Series 2019 Bonds
<br /> Principal $ 240,000.00 $ 255,000.00 $ 265,000.00 $ 280,000.00 $ 290,000.00
<br /> Interest $ 604,575.00 $ 592,575.00 $ 579,825.00 $ 566,575.00 $ 552,575.00
<br /> Additional Interest $ 53,250.00 $ 52,050.00 $ 50,775.00 $ 49,450.00 $ 48,050.00
<br /> (1) $ 897,825.00 $ 899,625.00 $ 895,600.00 $ 896,025.00 $ 890,625.00
<br /> Series 2024 Bonds
<br /> Principal $ 124,000.00 $ 125,000.00 $ 138,000.00 $ 142,000.00 $ 158,000.00
<br /> Interest $ 365,351.26 $ 359,306.26 $ 353,212.50 $ 346,485.00 $ 339,562.50
<br /> Additional Interest $ 31,090.00 $ 30,470.00 $ 29,845.00 $ 29,155.00 $ 28,445.00
<br /> (2) $ 520,441.26 $ 514,776.26 $ 521,057.50 $ 517,640.00 $ 526,007.50
<br /> Annual Collection Costs (3) $ 62,500.12 $ 44,508.96 $ 45,399.14 $ 46,307.13 $ 47,233.27
<br /> Total Annual Installment (4)_(1)+(2)+(3) $1,480,766.38 $1,458,910.22 $1,462,056.64 $1,459,972.13 $ 1,463,865.77
<br /> ASSESSMENT ROLL
<br /> The list of current Lots within the PID, the corresponding total Assessments, and current Annual
<br /> Installment are shown on the Assessment Roll attached hereto as Exhibit A. The Lots shown on
<br /> the Assessment Roll will receive the bills for the 2025 Annual Installments which will be
<br /> delinquent if not paid by January 31, 2026.
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<br /> TRACE PUBLIC IMPROVEMENT DISTRICT
<br /> 2025 ANNUAL SERVICE PLAN UPDATE
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