Century Park Place Community Development District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

FINAL BUDGET
CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	
FISCAL YEAR 2018/2019 BUDGET	
ADMINISTRATIVE ASSESSMENTS	66,188	
MAINTENANCE ASSESSMENTS	17,399	
DEBT ASSESSMENTS	123,590	
DEVELOPER CONTRIBUTION	0	
INTEREST INCOME	24	
		
TOTAL REVENUES	$	207,201	
		
EXPENDITURES		
MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS		
ENGINEERING/INSPECTIONS	1,500	
MISCELLANEOUS MAINTENANCE	10,855	
INFRASTRUCTURE MAINTENANCE	4,000	
TOTAL MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS	$	16,355	
		
ADMINISTRATIVE EXPENDITURES		
SUPERVISOR FEES	0	
MANAGEMENT	30,316	
LEGAL	9,000	
ASSESSMENT ROLL	6,750	
AUDIT FEES	3,100	
INSURANCE	5,500	
LEGAL ADVERTISING	1,000	
MISCELLANEOUS	1,250	
POSTAGE	250	
OFFICE SUPPLIES	400	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	3,500	
CONTINUING DISCLOSURE FEE	1,000	
		
TOTAL ADMINISTRATIVE EXPENDITURES	$	62,241	
		
TOTAL EXPENDITURES	$	78,596	
		
REVENUES LESS EXPENDITURES	$	128,605	
		
BOND PAYMENTS	(116,175)	
		
BALANCE	$	12,430	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(4,143)	
DISCOUNTS FOR EARLY PAYMENTS	(8,287)	
		
EXCESS/ (SHORTFALL)	$	-	
		
CARRYOVER FROM PRIOR YEAR	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	
FISCAL YEAR 2016/2017 ACTUAL	
FISCAL YEAR 2017/2018 BUDGET	
FISCAL YEAR 2018/2019 BUDGET	

COMMENTS	
ADMINISTRATIVE ASSESSMENTS	0	0	66,188	Expenditures Less Interest & Carryover/.94	
MAINTENANCE ASSESSMENTS	0	0	17,399	Expenditures/.94	
DEBT ASSESSMENTS	0	0	123,590	Bond Payments/.94	
DEVELOPER CONTRIBUTION	37,000	73,880	0		
INTEREST INCOME	4	0	24	Interest Projected At $2 Per Month	
					
TOTAL REVENUES	$	37,004	$	73,880	$	207,201		
					
EXPENDITURES					
MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS					
ENGINEERING/INSPECTIONS	400	1,500	1,500	No Change From 2017/2018 Budget	
MISCELLANEOUS MAINTENANCE	0	10,855	10,855	No Change From 2017/2018 Budget	
INFRASTRUCTURE MAINTENANCE	0	5,000	4,000	$1,000 Decrease From 2017/2018 Budget	
TOTAL MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS	$	400	$	17,355	$	16,355		
					
ADMINISTRATIVE EXPENDITURES					
SUPERVISOR FEES	0	0	0	No Change From 2017/2018 Budget	
MANAGEMENT	11,500	29,700	30,316	CPI Adjustment	
LEGAL	10,483	9,000	9,000	No Change From 2017/2018 Budget	
ASSESSMENT ROLL	0	6,750	6,750	No Change From 2017/2018 Budget	
AUDIT FEES	0	0	3,100	Accepted Amount For 2017/2018 Audit	
INSURANCE	2,342	6,500	5,500	Insurance Company Estimate	
LEGAL ADVERTISING	2,775	2,500	1,000	$1,500 Decrease From 2017/2018 Budget	
MISCELLANEOUS	336	1,250	1,250	No Change From 2017/2018 Budget	
POSTAGE	330	250	250	No Change From 2017/2018 Budget	
OFFICE SUPPLIES	1,152	400	400	No Change From 2017/2018 Budget	
DUES & SUBSCRIPTIONS	125	175	175	No Change From 2017/2018 Budget	
TRUSTEE FEES	0	0	3,500	Trustee Fees	
CONTINUING DISCLOSURE FEE	0	0	1,000	Continuing Disclosure Fee	
					
TOTAL ADMINISTRATIVE EXPENDITURES	$	29,043	$	56,525	$	62,241		
					
TOTAL EXPENDITURES	$	29,443	$	73,880	$	78,596		
					
REVENUES LESS EXPENDITURES	$	7,561	$	-	$	128,605		
					
BOND PAYMENTS	0	0	(116,175)	2019 P & I Payments Less Earned Interest	
					
BALANCE	$	7,561	$	-	$	12,430		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	-	-	(4,143)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	-	-	(8,287)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	7,561	$	-	$	-		
					
CARRYOVER FROM PRIOR YEAR	0	0	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	7,561	$	-	$	-		

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

REVENUES	FISCAL YEAR 2016/2017 ACTUAL	FISCAL YEAR 2017/2018 BUDGET	FISCAL YEAR 2018/2019 BUDGET	

COMMENTS	

Interest Income	
14	
0	
25	
Projected Interest For 2018/2019	

NAV Tax Collection	
0	
0	
116,175	
Maximum Debt Service Collection	

Developer Contribution	
0	
113,650	
0	
2018 P&I Payments Funded By Developer	

Total Revenues	
$	14	
$	113,650	
$	116,200		

EXPENDITURES					

Principal Payments	
0	
30,000	
30,000	
Principal Payments Due In 2019	

Interest Payments	
0	
83,650	
82,600	
Interest Payments Due In 2019	

Bond Redemption	
0	
0	
3,600	
Estimated Excess Debt Collections	

Total Expenditures	
$	-	
$	113,650	
$	116,200		

Excess/ (Shortfall)	
$	14	
$	-	
$	-		

Series 2017 Bond Information
Original Par Amount =	$1,785,000	Annual Principal Payments Due =	November 1st	
Interest Rate =	3.50% - 5.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	July 2017			
Maturity Date =

Par Amount As Of 1/1/2018 =	November 2047

$1,785,000			

Century Park Place Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2016/2017	2017/2018	2018/2019	
 	Assessment*		 	Assessment*		 	Assessment*		     Projected Assessment*		

Administrative	
$	638.29	
$	-	$	-	$	505.25	
Maintenance	$	-	$	-	$	-	$	132.82	
Debt	$	943.62	$	-		$	-		$	943.62	
Total	$	1,581.91	$	-	$	-	$	1,581.69	

* Assessments Include the Following :	                      4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
Community Information:	Total Units 	 131

5/30/2018  7:09 PM	IV