Century Parc Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

OPERATING FUND FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Administrative Assessments	78,073	78,588	78,588	
Maintenance Assessments	59,538	59,538	59,538	
Debt Assessments	350,210	350,212	350,212	
Other Revenue	0	0	0	
Interest Income	420	628	628	
TOTAL REVENUES	$	488,241	$	488,966	$	488,966	
				
EXPENDITURES				
MAINTENANCE EXPENDITURES				
Maintenance/Contingency - Drainage	19,250	19,250	0	
Maintenance/Contingency - Roads	34,710	34,710	0	
Engineering/Inspections	2,000	6,000	4,631	
TOTAL MAINTENANCE EXPENDITURES	$	55,960	$	59,960	$	4,631	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	7,000	2,400	2,400	
Payroll Taxes - Employer	560	184	184	
Management	32,616	32,616	32,616	
Secretarial	4,200	4,200	4,200	
Legal	7,000	8,200	7,037	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,600	3,600	3,600	
Insurance	6,100	5,706	5,706	
Legal Advertisements	575	500	240	
Miscellaneous	750	650	487	
Postage	300	120	106	
Office Supplies	650	425	394	
Dues & Subscriptions	175	175	175	
Trustee Fees	3,400	3,400	3,400	
Continuing Disclosure Fee	350	350	350	
Website Management	2,000	2,000	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	75,276	$	70,526	$	68,895	
				
TOTAL EXPENDITURES	$	131,236	$	130,486	$	73,526	
				
REVENUES LESS EXPENDITURES	$	357,005	$	358,480	$	415,440	
				
Bond Payments	(329,197)	(334,006)	(334,006)	
				
BALANCE	$	27,808	$	24,474	$	81,434	
				
County Appraiser & Tax Collector Fee	(9,761)	(4,704)	(4,704)	
Discounts For Early Payments	(19,522)	(17,866)	(17,866)	
				
Excess/Shortfall	$	(1,475)	$	1,904	$	58,864	
				
Carryover From Prior Year	1,475	0	0	
				
Net Excess/Shortfall	$	-	$	1,904	$	58,864	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$446,059	
$1,904	
$447,963	

Notes
Carryover From Prior Year Of $1,475 was used to reduce Fiscal Year 2021/2022 Assessments. Carryover From Prior Year Of $3,080 to be used to reduce Fiscal Year 2022/2023 Assessments. Fund Balance Includes Drainage & Roads Reserves.
Reserve Funds Balance As Of 9/29/2022 is $412,770 - Unspent Maintenance To Be Added To Reserve.

DEBT SERVICE FUND FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Interest Income	25	907	903	
NAV Tax Collection	329,197	334,006	334,006	
Total Revenues	$	329,222	$	334,913	$	334,909	
				
EXPENDITURES				
Principal Payments	215,000	210,000	210,000	
Interest Payments	114,222	118,159	118,159	
				
Total Expenditures	$	329,222	$	328,159	$	328,159	
				
Excess/ (Shortfall)	$	-	$	6,754	$	6,750	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$512,680	
$6,754	
$519,434	

Notes
Reserve Fund Balance = $166,689*. Revenue Fund Balance = $352,745*.
Revenue Fund Balance To Be Used To Make 11/1/2022 Principal & Interest Payment Of $272,111 (Principal: $215,000 + Interest: $57,111 = $272,111).

* 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 9/30/22 =	$2,625,000