Title: CP Amended Final Budget 2022-2023.xlsx
Author: JWalker

AMENDED FINAL BUDGET
CENTURY PARC COMMUNITY DEVELOPMENT DISTRICT

Century Parc Community Development District

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

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

OPERATING FUND FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES

FISCAL YEAR 2022/2023 BUDGET
10/1/22 - 9/30/23

AMENDED FINAL BUDGET
10/1/22 - 9/30/23

YEAR TO DATE ACTUAL
10/1/22 - 9/29/23

Administrative Assessments | 76,277 | 77,071 | 77,071
Maintenance Assessments | 59,538 | 59,539 | 59,539
Debt Assessments | 351,984 | 351,986 | 351,986
Other Revenue | 0 | 0 | 0
Interest Income | 420 | 19,880 | 19,780
TOTAL REVENUES | $	488,219 | $	508,476 | $	508,376
EXPENDITURES | | |
MAINTENANCE EXPENDITURES | | |
Maintenance/Contingency - Drainage | 12,250 | 12,250 | 8,811
Maintenance/Contingency - Roads | 41,710 | 41,710 | 0
Engineering/Inspections | 2,000 | 2,000 | 1,359
TOTAL MAINTENANCE EXPENDITURES | $	55,960 | $	55,960 | $	10,170
ADMINISTRATIVE EXPENDITURES | | |
Supervisor Fees | 6,000 | 2,400 | 2,400
Payroll Taxes - Employer | 480 | 184 | 184
Management | 33,588 | 33,588 | 33,588
Secretarial | 4,200 | 4,200 | 4,200
Legal | 7,000 | 7,000 | 5,758
Assessment Roll | 6,000 | 6,000 | 6,000
Audit Fees | 3,700 | 3,700 | 3,700
Insurance | 6,100 | 6,134 | 6,134
Legal Advertisements | 550 | 550 | 262
Miscellaneous | 725 | 725 | 400
Postage | 300 | 220 | 199
Office Supplies | 625 | 260 | 239
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 | $	75,193 | $	70,886 | $	68,989
TOTAL EXPENDITURES | $	131,153 | $	126,846 | $	79,159
REVENUES LESS EXPENDITURES | $	357,066 | $	381,630 | $	429,217
Bond Payments | (330,865) | (335,824) | (335,824)
BALANCE | $	26,201 | $	45,806 | $	93,393
County Appraiser & Tax Collector Fee | (9,760) | (4,705) | (4,705)
Discounts For Early Payments | (19,521) | (17,698) | (17,698)
Excess/Shortfall | $	(3,080) | $	23,403 | $	70,991
Carryover From Prior Year | 3,080 | 3,080 | 0
Net Excess/Shortfall | $	- | $	26,483 | $	70,991

FUND BALANCE AS OF 9/30/22
FY 2022/2023 ACTIVITY
FUND BALANCE AS OF 9/30/23

$566,952
$23,403
$590,355

Notes
Carryover From Prior Year Of $3,080 was used to reduce Fiscal Year 2022/2023 Assessments. Carryover From Prior Year Of $6,590 to be used to reduce Fiscal Year 2023/2024 Assessments. Fund Balance Includes Drainage & Roads Reserves.
Reserve Funds Balance As Of 9/29/2023 is $466,730 - Unspent Maintenance To Be Added To Reserve.

DEBT SERVICE FUND FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES

FISCAL YEAR 2022/2023 BUDGET
10/1/22 - 9/30/23

AMENDED FINAL BUDGET
10/1/22 - 9/30/23

YEAR TO DATE ACTUAL
10/1/22 - 9/29/23

Interest Income | 25 | 16,552 | 16,452
NAV Tax Collection | 330,865 | 335,824 | 335,824
Total Revenues | $	330,890 | $	352,376 | $	352,276
EXPENDITURES | | |
Principal Payments | 225,000 | 215,000 | 215,000
Interest Payments | 105,890 | 110,056 | 110,056
Total Expenditures | $	330,890 | $	325,056 | $	325,056
Excess/ (Shortfall) | $	- | $	27,320 | $	27,220

FUND BALANCE AS OF 9/30/22
FY 2022/2023 ACTIVITY
FUND BALANCE AS OF 9/30/23

$520,176
$27,320
$547,496

Notes
Reserve Fund Balance = $166,689*. Revenue Fund Balance = $380,807*.
Revenue Fund Balance To Be Used To Make 11/1/2023 Principal & Interest Payment Of $277,945 (Principal: $225,000 + Interest: $52,945 = $277,945).

* 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 9/30/23 = | $2,410,000 |