Century Park Place Community Development District

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

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 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2019/2020 BUDGET	
ADMINISTRATIVE ASSESSMENTS	66,678	
MAINTENANCE ASSESSMENTS	16,894	
DEBT ASSESSMENTS	123,590	
DEVELOPER CONTRIBUTION	0	
INTEREST INCOME	24	
		
TOTAL REVENUES	$	207,186	
		
EXPENDITURES		
MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS		
ENGINEERING/INSPECTIONS	1,500	
MISCELLANEOUS MAINTENANCE	10,855	
INFRASTRUCTURE MAINTENANCE	3,525	
TOTAL MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS	$	15,880	
		
ADMINISTRATIVE EXPENDITURES		
SUPERVISOR FEES	0	
MANAGEMENT	30,876	
LEGAL	9,000	
ASSESSMENT ROLL	6,750	
AUDIT FEES	3,200	
INSURANCE	5,500	
LEGAL ADVERTISING	900	
MISCELLANEOUS	1,150	
POSTAGE	250	
OFFICE SUPPLIES	400	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	3,500	
CONTINUING DISCLOSURE FEE	1,000	
		
TOTAL ADMINISTRATIVE EXPENDITURES	$	62,701	
		
TOTAL EXPENDITURES	$	78,581	
		
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 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2017/2018 ACTUAL	
FISCAL YEAR 2018/2019 BUDGET	
FISCAL YEAR 2019/2020 BUDGET	

COMMENTS	
ADMINISTRATIVE ASSESSMENTS	50,760	66,188	66,678	Expenditures Less Interest & Carryover/.94	
MAINTENANCE ASSESSMENTS	0	17,399	16,894	Expenditures/.94	
DEBT ASSESSMENTS	41,825	123,590	123,590	Bond Payments/.94	
DEVELOPER CONTRIBUTION	0	0	0		
INTEREST INCOME	15	24	24	Interest Projected At $2 Per Month	
					
TOTAL REVENUES	$	92,600	$	207,201	$	207,186		
					
EXPENDITURES					
MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS					
ENGINEERING/INSPECTIONS	0	1,500	1,500	No Change From 2018/2019 Budget	
MISCELLANEOUS MAINTENANCE	0	10,855	10,855	No Change From 2018/2019 Budget	
INFRASTRUCTURE MAINTENANCE	0	4,000	3,525	$475 Decrease From 2018/2019 Budget	
TOTAL MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS	$	-	$	16,355	$	15,880		
					
ADMINISTRATIVE EXPENDITURES					
SUPERVISOR FEES	0	0	0	No Change From 2018/2019 Budget	
MANAGEMENT	29,700	30,316	30,876	CPI Adjustment	
LEGAL	9,976	9,000	9,000	No Change From 2018/2019 Budget	
ASSESSMENT ROLL	5,500	6,750	6,750	No Change From 2018/2019 Budget	
AUDIT FEES	3,000	3,100	3,200	Accepted Amount For 2018/2019 Audit	
INSURANCE	5,000	5,500	5,500	Insurance Company Estimate	
LEGAL ADVERTISING	514	1,000	900	$100 Decrease From 2018/2019 Budget	
MISCELLANEOUS	173	1,250	1,150	$100 Decrease From 2018/2019 Budget	
POSTAGE	209	250	250	No Change From 2018/2019 Budget	
OFFICE SUPPLIES	366	400	400	No Change From 2018/2019 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2018/2019 Budget	
TRUSTEE FEES	3,180	3,500	3,500	No Change From 2018/2019 Budget	
CONTINUING DISCLOSURE FEE	500	1,000	1,000	No Change From 2018/2019 Budget	
					
TOTAL ADMINISTRATIVE EXPENDITURES	$	58,293	$	62,241	$	62,701		
					
TOTAL EXPENDITURES	$	58,293	$	78,596	$	78,581		
					
REVENUES LESS EXPENDITURES	$	34,307	$	128,605	$	128,605		
					
BOND PAYMENTS	(41,825)	(116,175)	(116,175)	2020 P & I Payments Less Earned Interest	
					
BALANCE	$	(7,518)	$	12,430	$	12,430		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	-	(4,143)	(4,143)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	-	(8,287)	(8,287)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(7,518)	$	-	$	-		
					
CARRYOVER FROM PRIOR YEAR	0	0	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(7,518)	$	-	$	-		

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

REVENUES	FISCAL YEAR 2017/2018 ACTUAL	FISCAL YEAR 2018/2019 BUDGET	FISCAL YEAR 2019/2020 BUDGET	

COMMENTS	

Interest Income	
146	
25	
25	
Projected Interest For 2019/2020	

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

Developer Contribution	
41,825	
0	
0	
2018 P&I Payments Funded By Developer	

Total Revenues	
$	41,971	
$	116,200	
$	116,200		

EXPENDITURES					

Principal Payments	
0	
30,000	
30,000	
Principal Payments Due In 2020	

Interest Payments	
62,970	
82,600	
81,550	
Interest Payments Due In 2020	

Bond Redemption	
0	
3,600	
4,650	
Estimated Excess Debt Collections	

Total Expenditures	
$	62,970	
$	116,200	
$	116,200		

Excess/ (Shortfall)	
$	(20,999)	
$	-	
$	-		

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 1/1/2019 =	November 2047

$1,755,000			

Century Park Place Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2016/2017	2017/2018	2018/2019	2019/2020	
 	Assessment*		 	Assessment*		 	Assessment*		 	Assessment*		    Projected Assessment* 	

Administrative	
$	638.29	
$	-	$	-	$	505.25	
$	
508.99	
Maintenance	$	-	$	-	$	-	$	132.82	$	128.96	
Debt	$	943.62	$	-		$	-		$	943.62	$	943.62	
Total	$	1,581.91	$	-	$	-	$	1,581.69	$	1,581.57	

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

6/1/2019  12:43 PM	IV