Century Parc Community Development District

Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

FINAL BUDGET
CENTURY PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2022/2023 BUDGET	
Administrative Assessments	76,277	
Maintenance Assessments	59,538	
Debt Assessments	351,984	
Other Revenues	0	
Interest Income	420	
TOTAL REVENUES	$	488,219	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Maintenance/Contingency - Drainage	12,250	
Maintenance/Contingency - Roads	41,710	
Engineering/Inspections	2,000	
TOTAL MAINTENANCE EXPENDITURES	$	55,960	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	6,000	
Payroll Taxes (Employer)	480	
Management	33,588	
Secretarial	4,200	
Legal	7,000	
Assessment Roll	6,000	
Audit Fees	3,700	
Insurance	6,100	
Legal Advertisements	550	
Miscellaneous	725	
Postage	300	
Office Supplies	625	
Dues & Subscriptions	175	
Trustee Fees	3,400	
Continuing Disclosure Fee	350	
Website Management	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	75,193	
		
TOTAL EXPENDITURES	$	131,153	
		
REVENUES LESS EXPENDITURES	$	357,066	
		
Bond Payments	(330,865)	
		
BALANCE	$	26,201	
		
County Appraiser & Tax Collector Fee	(9,760)	
Discounts For Early Payments	(19,521)	
		
Excess/ (Shortfall)	$	(3,080)	
		
Carryover From Prior Year	3,080	
		
Net Excess/ (Shortfall)	$	-	

5/30/2022 1:29 PM	I

DETAILED FINAL BUDGET
CENTURY PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2020/2021 ACTUAL	
FISCAL YEAR 2021/2022 BUDGET	
FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	
Administrative Assessments	75,650	78,073	76,277	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	59,538	59,538	59,538	Expenditures/.94	
Debt Assessments	353,187	350,210	351,984	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	563	420	420	Interest Estimated At $35 Per Month	
TOTAL REVENUES	$	488,938	$	488,241	$	488,219		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Maintenance/Contingency - Drainage	0	19,250	12,250	Maintenance/Contingency - Drainage	
Maintenance/Contingency - Roads	0	34,710	41,710	2031 Road Project - 6th Year (Increased From Prior Year)	
Engineering/Inspections	965	2,000	2,000	No Change From 2021/2022 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	965	$	55,960	$	55,960		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	2,200	7,000	6,000	Supervisor Fees	
Payroll Taxes (Employer)	168	560	480	Projected At 8% Of Supervisor Fees	
Management	32,172	32,616	33,588	CPI Adjustment (Capped At 3%)	
Secretarial	4,200	4,200	4,200	No Change From 2021/2022 Budget	
Legal	5,567	7,000	7,000	No Change From 2021/2022 Budget	
Assessment Roll	6,000	6,000	6,000	As Per Contract	
Audit Fees	3,500	3,600	3,700	Accepted Amount For 2021/2022 Audit	
Insurance	5,513	6,100	6,100	Insurance Estimate	
Legal Advertisements	272	575	550	$25 Decrease From 2021/2022 Budget	
Miscellaneous	301	750	725	$25 Decrease From 2021/2022 Budget	
Postage	97	300	300	No Change From 2021/2022 Budget	
Office Supplies	192	650	625	$25 Decrease From 2021/2022 Budget	
Dues & Subscriptions	175	175	175	No Change From 2021/2022 Budget	
Trustee Fees	3,400	3,400	3,400	No Change From 2021/2022 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2021/2022 Budget	
Website Management	2,000	2,000	2,000	No Change From 2021/2022 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	66,107	$	75,276	$	75,193		
					
TOTAL EXPENDITURES	$	67,072	$	131,236	$	131,153		
					
REVENUES LESS EXPENDITURES	$	421,866	$	357,005	$	357,066		
					
Bond Payments	(336,906)	(329,197)	(330,865)	2023 P & I Payments Less Earned Interest	
					
BALANCE	$	84,960	$	27,808	$	26,201		
					
County Appraiser & Tax Collector Fee	(4,706)	(9,761)	(9,760)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(17,775)	(19,522)	(19,521)	Four Percent Of Total Assessment Roll	
					
Excess/ (Shortfall)	$	62,479	$	(1,475)	$	(3,080)		
					
Carryover From Prior Year	0	1,475	3,080	Carryover From Prior Year	
					
Net Excess/ (Shortfall)	$	62,479	$	-	$	-		

5/30/2022 1:29 PM	II

DETAILED FINAL DEBT SERVICE FUND BUDGET
CENTURY PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	

FISCAL YEAR

2020/2021

ACTUAL	

FISCAL YEAR

2021/2022

BUDGET	

FISCAL YEAR

2022/2023

BUDGET	

COMMENTS	

Interest Income	
27	
25	
25	
Projected Interest For 2022/2023	

NAV Tax Collection	
336,906	
329,197	
330,865	
2023 P & I Payments Less Earned Interest	

Total Revenues	
$	336,933	
$	329,222	
$	330,890		

EXPENDITURES					

Principal Payments	
200,000	
215,000	
225,000	
Principal Payment Due In 2023	

Interest Payments	
125,596	
114,222	
105,890	
Interest Payments Due In 2023	

Total Expenditures	
$	325,596	
$	329,222	
$	330,890		

Excess/ (Shortfall)	
$	11,337	
$	-	
$	-		

Series 2012 Refunding Bonds Information

Original Par Amount =	$4,305,000	Annual Principal Payments Due =	November 1st	
Interest Rate =	1.5% - 4.25%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	April 2012			
Maturity Date =

Par Amount As Of 1/1/2022 =	November 2031

$2,625,000			

5/30/2022 1:29 PM	III

Century Parc Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2019/2020	2020/2021	2021/2022	2022/2023	
Assessment*	Assessment*	Assessment*	Projected Assessment*	

Administrative	$	102.46	$	98.21	$	102.06	$	99.71	
Maintenance	$	77.83	$	77.83	$	77.83	$	77.83	
Debt	$	459.32	$	463.50	$	459.60	$	461.93	
Total For 691 Units	$	639.61	$	639.54	$	639.49	$	639.47	

Administrative	
$	102.46	
$	98.21	
$	102.06	
$	99.71	
Maintenance	$	77.83	$	77.83	$	77.83	$	77.83	
Debt	$	459.32	$	463.50	$	459.60	$	461.93	
Total For 74 Townhomes	$	639.61	$	639.54	$	639.49	$	639.47	

* Assessments Include the Following :			
4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee			
Community Information:			
Condominiums	691		
Townhomes	74		
Total Units	765		
Townhomes Information			
Total Units	74		
Prepayments	3		
Billed For Debt	71		

5/30/2022 1:29 PM	IV