Century Park Place Community Development District

Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

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 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2020/2021 BUDGET	
ADMINISTRATIVE ASSESSMENTS	67,366	
MAINTENANCE ASSESSMENTS	16,202	
DEBT ASSESSMENTS	123,590	
DEVELOPER CONTRIBUTION - DEBT	0	
INTEREST INCOME	60	
		
TOTAL REVENUES	$	207,218	
		
EXPENDITURES		
MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS		
ENGINEERING/INSPECTIONS	1,500	
MISCELLANEOUS MAINTENANCE	10,855	
INFRASTRUCTURE MAINTENANCE	2,875	
TOTAL MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS	$	15,230	
		
ADMINISTRATIVE EXPENDITURES		
SUPERVISOR FEES	0	
MANAGEMENT	31,584	
LEGAL	9,000	
ASSESSMENT ROLL	6,750	
AUDIT FEES	3,300	
INSURANCE	5,800	
LEGAL ADVERTISING	800	
MISCELLANEOUS	1,050	
POSTAGE	250	
OFFICE SUPPLIES	375	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	3,300	
CONTINUING DISCLOSURE FEE	1,000	
		
TOTAL ADMINISTRATIVE EXPENDITURES	$	63,384	
		
TOTAL EXPENDITURES	$	78,614	
		
REVENUES LESS EXPENDITURES	$	128,604	
		
BOND PAYMENTS	(116,175)	
		
BALANCE	$	12,429	
		
COUNTY APPRAISER & TAX COLLECTOR FEE	(4,143)	
DISCOUNTS FOR EARLY PAYMENTS	(8,286)	
		
EXCESS/ (SHORTFALL)	$	-	
		
CARRYOVER FROM PRIOR YEAR	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2018/2019 ACTUAL	
FISCAL YEAR 2019/2020 BUDGET	
FISCAL YEAR 2020/2021 BUDGET	

COMMENTS	
ADMINISTRATIVE ASSESSMENTS	66,838	66,678	67,366	Expenditures Less Interest & Carryover/.94	
MAINTENANCE ASSESSMENTS	17,399	16,894	16,202	Expenditures/.94	
DEBT ASSESSMENTS	123,614	123,590	123,590	Bond Payments/.94	
DEVELOPER CONTRIBUTION - DEBT	71,825	0	0		
INTEREST INCOME	114	24	60	Interest Projected At $5 Per Month	
					
TOTAL REVENUES	$	279,790	$	207,186	$	207,218		
					
EXPENDITURES					
MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS					
ENGINEERING/INSPECTIONS	0	1,500	1,500	No Change From 2019/2020 Budget	
MISCELLANEOUS MAINTENANCE	0	10,855	10,855	No Change From 2019/2020 Budget	
INFRASTRUCTURE MAINTENANCE	0	3,525	2,875	$650 Decrease From 2019/2020 Budget	
TOTAL MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS	$	-	$	15,880	$	15,230		
					
ADMINISTRATIVE EXPENDITURES					
SUPERVISOR FEES	0	0	0	No Change From 2019/2020 Budget	
MANAGEMENT	30,312	30,876	31,584	CPI Adjustment	
LEGAL	7,920	9,000	9,000	No Change From 2019/2020 Budget	
ASSESSMENT ROLL	6,750	6,750	6,750	No Change From 2019/2020 Budget	
AUDIT FEES	3,100	3,200	3,300	Accepted Amount For 2019/2020 Audit	
INSURANCE	5,000	5,500	5,800	Insurance Company Estimate	
LEGAL ADVERTISING	284	900	800	$100 Decrease From 2019/2020 Budget	
MISCELLANEOUS	190	1,150	1,050	$100 Decrease From 2019/2020 Budget	
POSTAGE	133	250	250	No Change From 2019/2020 Budget	
OFFICE SUPPLIES	284	400	375	$25 Decrease From 2019/2020 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2019/2020 Budget	
TRUSTEE FEES	3,180	3,500	3,300	$200 Decrease From 2019/2020 Budget	
CONTINUING DISCLOSURE FEE	500	1,000	1,000	No Change From 2019/2020 Budget	
					
TOTAL ADMINISTRATIVE EXPENDITURES	$	57,828	$	62,701	$	63,384		
					
TOTAL EXPENDITURES	$	57,828	$	78,581	$	78,614		
					
REVENUES LESS EXPENDITURES	$	221,962	$	128,605	$	128,604		
					
BOND PAYMENTS	(190,242)	(116,175)	(116,175)	2021 P & I Payments Less Earned Interest	
					
BALANCE	$	31,720	$	12,430	$	12,429		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(2,009)	(4,143)	(4,143)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(6,706)	(8,287)	(8,286)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	23,005	$	-	$	-		
					
CARRYOVER FROM PRIOR YEAR	0	0	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	23,005	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET
CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2018/2019 ACTUAL	FISCAL YEAR 2019/2020 BUDGET	FISCAL YEAR 2020/2021 BUDGET	

COMMENTS	

Interest Income	
336	
25	
25	
Projected Interest For 2020/2021	

NAV Tax Collection	
118,417	
116,175	
116,175	
Maximum Debt Service Collection	

Developer Contribution	
71,825	
0	
0	
2019 P&I Payment Funded By Developer	

Total Revenues	
$	190,578	
$	116,200	
$	116,200		

EXPENDITURES					

Principal Payments	
30,000	
30,000	
35,000	
Principal Payments Due In 2021	

Interest Payments	
83,125	
81,550	
80,500	
Interest Payments Due In 2021	

Bond Redemption	
0	
4,650	
700	
Estimated Excess Debt Collections	

Total Expenditures	
$	113,125	
$	116,200	
$	116,200		

Excess/ (Shortfall)	
$	77,453	
$	-	
$	-		

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 1/1/2020 =	November 2047

$1,725,000			

Century Park Place Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2017/2018	2018/2019	2019/2020	2020/2021	
 	Assessment*		 	Assessment*		 	Assessment*		 	Assessment*		    Projected Assessment* 	

Administrative	
$	638.29	
$	-	$	505.25	
$	508.99	
$	
514.25	
Maintenance	$	-	$	-	$	132.82	$	128.96	$	123.69	
Debt	$	943.62	$	-		$	943.62	$	943.62	$	943.62	
Total	$	1,581.91	$	-	$	1,581.69	$	1,581.57	$	1,581.56	

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

8/9/2020  10:41 AM	IV