Century Parc Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
CENTURY PARC COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 8/31/19	
Administrative Assessments	77,011	77,955	77,955	
Maintenance Assessments	59,538	59,538	59,538	
Debt Assessments	351,472	351,472	351,472	
Other Revenue	0	0	0	
Interest Income	360	800	782	
TOTAL REVENUES	$	488,381	$	489,765	$	489,747	
				
EXPENDITURES				
MAINTENANCE EXPENDITURES				
Maintenance/Contingency - Drainage	19,250	19,250	4,400	
Maintenance/Contingency - Roads	34,710	34,710	0	
Engineering/Inspections	2,000	2,000	0	
TOTAL MAINTENANCE EXPENDITURES	$	55,960	$	55,960	$	4,400	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	7,000	2,600	2,600	
Payroll Taxes - Employer	560	199	199	
Management	30,876	30,876	28,303	
Secretarial	4,200	4,200	3,850	
Legal	7,000	6,700	4,763	
Assessment Roll	6,000	6,000	0	
Audit Fees	3,900	3,900	3,900	
Insurance	6,356	5,000	5,000	
Legal Advertisements	600	600	252	
Miscellaneous	750	750	576	
Postage	375	100	93	
Office Supplies	700	375	311	
Dues & Subscriptions	175	175	175	
Trustee Fees	3,400	3,400	3,400	
Continuing Disclosure Fee	350	350	0	
Website Management	1,500	1,500	1,375	
TOTAL ADMINISTRATIVE EXPENDITURES	$	73,742	$	66,725	$	54,797	
				
TOTAL EXPENDITURES	$	129,702	$	122,685	$	59,197	
				
REVENUES LESS EXPENDITURES	$	358,679	$	367,080	$	430,550	
				
Bond Payments	(330,384)	(335,295)	(335,295)	
				
BALANCE	$	28,295	$	31,785	$	95,255	
				
County Appraiser & Tax Collector Fee	(9,765)	(4,708)	(4,708)	
Discounts For Early Payments	(19,530)	(17,755)	(17,755)	
				
Excess/Shortfall	$	(1,000)	$	9,322	$	72,792	
				
Carryover From Prior Year	1,000	1,000	0	
				
Net Excess/Shortfall	$	-	$	10,322	$	72,792	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$326,750	
$9,322	
$336,072	

Notes
Carryover From Prior Year Of $1,000 used to reduce Fiscal Year 2018/2019 Assessments. Carryover From Prior Year Of $725 to be used to reduce Fiscal Year 2019/2020 Assessments.
Reserve Fund Balance As Of 8/31/2019 is $261,500 - Unspent Maintenance To Be Added To Reserve.

AMENDED FINAL BUDGET
CENTURY PARC COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 8/31/19	
Interest Income	50	7,700	7,679	
NAV Tax Collection	330,384	335,295	335,295	
Total Revenues	$	330,434	$	342,995	$	342,974	
				
EXPENDITURES				
Principal Payments	195,000	190,000	190,000	
Interest Payments	135,434	138,284	138,284	
				
Total Expenditures	$	330,434	$	328,284	$	328,284	
				
Excess/ (Shortfall)	$	-	$	14,711	$	14,690	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$476,482	
$14,711	
$491,193	

Notes
Reserve Fund Balance = $166,689*. Revenue Fund Balance = $324,504*.
Revenue Fund Balance To Be Used To Make 11/1/2019 Principal & Interest Payment Of $262,717

* Approximate Amounts		
Series 2012 Refunding Bonds Information		
Original Par Amount =	$4,305,000	Annual Principal Payments Due:	
Interest Rate =	1.5% - 4.25%	November 1st	
Issue Date =	April 2012	Annual Interest Payments Due:	
Maturity Date =	November 2031	May 1st & November 1st	
Par Amount As Of 8/31/19 =	$3,230,000