Century Parc Community Development District

Amended Final Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
CENTURY PARC COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 8/31/20	
Administrative Assessments	78,378	79,364	79,364	
Maintenance Assessments	59,538	59,538	59,538	
Debt Assessments	349,996	349,996	349,996	
Other Revenue	0	0	0	
Interest Income	420	495	490	
TOTAL REVENUES	$	488,332	$	489,393	$	489,388	
				
EXPENDITURES				
MAINTENANCE EXPENDITURES				
Maintenance/Contingency - Drainage	19,250	19,250	6,100	
Maintenance/Contingency - Roads	34,710	34,710	0	
Engineering/Inspections	2,000	975	975	
TOTAL MAINTENANCE EXPENDITURES	$	55,960	$	54,935	$	7,075	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	7,000	3,600	3,600	
Payroll Taxes - Employer	560	275	275	
Management	31,452	31,452	28,831	
Secretarial	4,200	4,200	3,850	
Legal	7,000	7,600	5,635	
Assessment Roll	6,000	6,000	0	
Audit Fees	4,000	3,400	3,400	
Insurance	6,300	5,251	5,251	
Legal Advertisements	575	650	506	
Miscellaneous	750	750	454	
Postage	350	210	203	
Office Supplies	700	275	244	
Dues & Subscriptions	175	175	175	
Trustee Fees	3,400	3,400	3,400	
Continuing Disclosure Fee	350	350	0	
Website Management	2,000	2,000	1,833	
TOTAL ADMINISTRATIVE EXPENDITURES	$	74,812	$	69,588	$	57,657	
				
TOTAL EXPENDITURES	$	130,772	$	124,523	$	64,732	
				
REVENUES LESS EXPENDITURES	$	357,560	$	364,870	$	424,656	
				
Bond Payments	(328,996)	(333,953)	(333,953)	
				
BALANCE	$	28,564	$	30,917	$	90,703	
				
County Appraiser & Tax Collector Fee	(9,763)	(4,709)	(4,709)	
Discounts For Early Payments	(19,526)	(17,653)	(17,653)	
				
Excess/Shortfall	$	(725)	$	8,555	$	68,341	
				
Carryover From Prior Year	725	725	0	
				
Net Excess/Shortfall	$	-	$	9,280	$	68,341	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$388,238	
$8,555	
$396,793	

Notes
Carryover From Prior Year Of $1,000 was used to reduce Fiscal Year 2019/2020 Assessments. Carryover From Prior Year Of $725 to be used to reduce Fiscal Year 2020/2021 Assessments. Fund Balance Includes Drainage & Roads Reserves.
Reserve Funds Balance As Of 8/31/2020 is $310,950 - Unspent Maintenance To Be Added To Reserve.

AMENDED FINAL BUDGET
CENTURY PARC COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 8/31/20	
Interest Income	100	2,751	2,750	
NAV Tax Collection	328,996	333,953	333,953	
Total Revenues	$	329,096	$	336,704	$	336,703	
				
EXPENDITURES				
Principal Payments	200,000	195,000	195,000	
Interest Payments	129,096	132,265	132,265	
				
Total Expenditures	$	329,096	$	327,265	$	327,265	
				
Excess/ (Shortfall)	$	-	$	9,439	$	9,438	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$491,901	
$9,439	
$501,340	

Notes
Reserve Fund Balance = $166,689*. Revenue Fund Balance = $334,651*.
Revenue Fund Balance To Be Used To Make 11/1/2020 Principal & Interest Payment Of $264,548

* 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 8/31/20 =	$3,035,000