Century Park Place Community Development District

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

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

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

REVENUES	FISCAL YEAR 2019/2020 BUDGET 10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
ADMINISTRATIVE ASSESSMENTS	66,678	67,129	67,129	
MAINTENANCE ASSESSMENTS	16,894	16,894	16,894	
DEBT ASSESSMENTS	123,590	123,614	123,614	
INTEREST INCOME	24	193	193	
				
TOTAL REVENUES	$	207,186	$	207,830	$	207,830	
				
EXPENDITURES				
MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS				
ENGINEERING/INSPECTIONS	1,500	1,600	1,600	
MISCELLANEOUS MAINTENANCE	10,855	2,000	0	
INFRASTRUCTURE MAINTENANCE	3,525	2,000	0	
TOTAL MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS	$	15,880	$	5,600	$	1,600	
				
ADMINISTRATIVE EXPENDITURES				
SUPERVISOR FEES	0	0	0	
MANAGEMENT	30,876	30,876	30,876	
LEGAL	9,000	6,463	6,463	
ASSESSMENT ROLL	6,750	6,750	6,750	
AUDIT FEES	3,200	3,200	3,200	
INSURANCE	5,500	5,251	5,251	
LEGAL ADVERTISING	900	900	597	
MISCELLANEOUS	1,150	600	197	
POSTAGE	250	115	105	
OFFICE SUPPLIES	400	205	183	
DUES & SUBSCRIPTIONS	175	175	175	
TRUSTEE FEES	3,500	3,180	3,180	
CONTINUING DISCLOSURE FEE	1,000	350	350	
				
TOTAL ADMINISTRATIVE EXPENDITURES	$	62,701	$	58,065	$	57,327	
				
TOTAL EXPENDITURES	$	78,581	$	63,665	$	58,927	
				
REVENUES LESS EXPENDITURES	$	128,605	$	144,165	$	148,903	
				
BOND PAYMENTS	(116,175)	(118,071)	(118,071)	
				
BALANCE	$	12,430	$	26,094	$	30,832	
				
COUNTY APPRAISER & TAX COLLECTOR FEE	(4,143)	(2,002)	(2,002)	
DISCOUNTS FOR EARLY PAYMENTS	(8,287)	(7,293)	(7,293)	
				
EXCESS/ (SHORTFALL)	$	-	$	16,799	$	21,537	
				
CARRYOVER FROM PRIOR YEAR	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	16,799	$	21,537	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$23,046	
$16,799	
$39,845	

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

REVENUES	FISCAL YEAR 2019/2020 BUDGET 10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR  TO DATE ACTUAL
10/1/19 - 9/29/20	
Interest Income	25	91	91	
NAV Assessment Collection	116,175	118,071	118,071	
				
Total Revenues	$	116,200	$	118,162	$	118,162	
				
EXPENDITURES				
Principal Payments	30,000	30,000	30,000	
Interest Payments	81,550	82,075	82,075	
Bond Redemption	4,650	0	0	
Total Expenditures	$	116,200	$	112,075	$	112,075	
				
Excess/ (Shortfall)	$	-	$	6,087	$	6,087	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$136,826	
$6,087	
$142,913	

Notes
Reserve Fund Balance = $58,087*. Revenue Fund Balance = $84,826*.
Revenue Fund Balance To Be Used To Make 11/1/2020 Principal & Interest Payment Of $70,775 (Principal Payment: $30,000 + Interest Payment: $40,775 = $70,775).
* Approximate Amounts

Series 2017 Bond Information

Original Par Amount =	$1,785,000	Annual Principal Payments Due:	
Interest Rate =	3.5% - 5.0%	November 1st	
Issue Date =	July 2017	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/20 =	November 2047

$1,725,000	May 1st & November 1st