Century Park Place Community Development District

Proposed Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	
FISCAL YEAR 2021/2022 BUDGET	
ADMINISTRATIVE ASSESSMENTS	71,795	
MAINTENANCE ASSESSMENTS	11,767	
DEBT ASSESSMENTS	123,590	
INTEREST INCOME	60	
		
TOTAL REVENUES	$	207,212	
		
EXPENDITURES		
MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS		
ENGINEERING/INSPECTIONS	1,500	
MISCELLANEOUS MAINTENANCE	3,750	
PAVEMENT REPLACEMENT RESERVE	2,936	
INFRASTRUCTURE MAINTENANCE	2,875	
TOTAL MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS	$	11,061	
		
ADMINISTRATIVE EXPENDITURES		
SUPERVISOR FEES	4,000	
PAYROLL TAXES	306	
MANAGEMENT	32,016	
LEGAL	9,000	
ASSESSMENT ROLL	6,750	
AUDIT FEES	3,400	
INSURANCE	5,800	
LEGAL ADVERTISING	775	
MISCELLANEOUS	1,050	
POSTAGE	250	
OFFICE SUPPLIES	375	
DUES & SUBSCRIPTIONS	175	
TRUSTEE FEES	3,300	
CONTINUING DISCLOSURE FEE	350	
		
TOTAL ADMINISTRATIVE EXPENDITURES	$	67,547	
		
TOTAL EXPENDITURES	$	78,608	
		
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 PROPOSED BUDGET
CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	
FISCAL YEAR 2019/2020 ACTUAL	
FISCAL YEAR 2020/2021 BUDGET	
FISCAL YEAR 2021/2022 BUDGET	

COMMENTS	
ADMINISTRATIVE ASSESSMENTS	67,131	67,366	71,795	Expenditures Less Interest & Carryover/.94	
MAINTENANCE ASSESSMENTS	16,894	16,202	11,767	Expenditures/.94	
DEBT ASSESSMENTS	123,614	123,590	123,590	Bond Payments/.94	
INTEREST INCOME	193	60	60	Interest Projected At $5 Per Month	
					
TOTAL REVENUES	$	207,832	$	207,218	$	207,212		
					
EXPENDITURES					
MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS					
ENGINEERING/INSPECTIONS	5,575	1,500	1,500	No Change From 2020/2021 Budget	
MISCELLANEOUS MAINTENANCE	0	10,855	3,750	$7,105 Decrease From 2020/2021 Budget	
PAVEMENT REPLACEMENT RESERVE	0	0	2,936	Eighteen Year Project (First Year)	
INFRASTRUCTURE MAINTENANCE	0	2,875	2,875	$875 Decrease From 2020/2021 Budget	
TOTAL MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS	$	5,575	$	15,230	$	11,061		
					
ADMINISTRATIVE EXPENDITURES					
SUPERVISOR FEES	0	0	4,000	Supervisor Fees	
PAYROLL TAXES	0	0	306	Supervisor Fees * 7.65%	
MANAGEMENT	30,876	31,584	32,016	CPI Adjustment	
LEGAL	7,893	9,000	9,000	No Change From 2020/2021 Budget	
ASSESSMENT ROLL	6,750	6,750	6,750	No Change From 2020/2021 Budget	
AUDIT FEES	3,200	3,300	3,400	Accepted Amount For 2020/2021 Audit	
INSURANCE	5,251	5,800	5,800	Insurance Estimate	
LEGAL ADVERTISING	597	800	775	$25 Decrease From 2020/2021 Budget	
MISCELLANEOUS	197	1,050	1,050	$150 Decrease From 2020/2021 Budget	
POSTAGE	105	250	250	No Change From 2020/2021 Budget	
OFFICE SUPPLIES	183	375	375	No Change From 2020/2021 Budget	
DUES & SUBSCRIPTIONS	175	175	175	No Change From 2020/2021 Budget	
TRUSTEE FEES	3,180	3,300	3,300	No Change From 2020/2021 Budget	
CONTINUING DISCLOSURE FEE	350	1,000	350	$650 Decrease From 2020/2021 Budget	
					
TOTAL ADMINISTRATIVE EXPENDITURES	$	58,757	$	63,384	$	67,547		
					
TOTAL EXPENDITURES	$	64,332	$	78,614	$	78,608		
					
REVENUES LESS EXPENDITURES	$	143,500	$	128,604	$	128,604		
					
BOND PAYMENTS	(118,071)	(116,175)	(116,175)	2022 P & I Payments Less Earned Interest	
					
BALANCE	$	25,429	$	12,429	$	12,429		
					
COUNTY APPRAISER & TAX COLLECTOR FEE	(2,002)	(4,143)	(4,143)	Two Percent Of Total Assessment Roll	
DISCOUNTS FOR EARLY PAYMENTS	(7,293)	(8,286)	(8,286)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	16,134	$	-	$	-		
					
CARRYOVER FROM PRIOR YEAR	0	0	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	16,134	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2019/2020 ACTUAL	FISCAL YEAR 2020/2021 BUDGET	FISCAL YEAR 2021/2022 BUDGET	

COMMENTS	

Interest Income	
91	
25	
25	
Projected Interest For 2021/2022	

NAV Tax Collection	
118,071	
116,175	
116,175	
Maximum Debt Service Collection	

Total Revenues	
$	118,162	
$	116,200	
$	116,200		

EXPENDITURES					

Principal Payments	
30,000	
35,000	
35,000	
Principal Payments Due In 2022	

Interest Payments	
82,075	
80,500	
79,275	
Interest Payments Due In 2022	

Bond Redemption	
0	
700	
1,925	
Estimated Excess Debt Collections	

Total Expenditures	
$	112,075	
$	116,200	
$	116,200		

Excess/ (Shortfall)	
$	6,087	
$	-	
$	-		

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 1/1/2021 =	November 2047

$1,725,000			

Century Park Place Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2018/2019	2019/2020	2020/2021	2021/2022	
 	Assessment*		 	Assessment*		 	Assessment*		 	Assessment*		    Projected Assessment* 	

Administrative	
$	638.29	
$	505.25	
$	508.99	
$	514.25	
$	
548.06	
Maintenance	$	-	$	132.82	$	128.96	$	123.69	$	89.83	
Debt	$	943.62	$	943.62	$	943.62	$	943.62	$	943.62	
Total	$	1,581.91	$	1,581.69	$	1,581.57	$	1,581.56	$	1,581.51	

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

5/27/2021 12:23 PM	IV