Title: CPP Final Budget 2023-2024.xlsx
Author: JWalker

Century Park Place Community Development District

Final Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES | FISCAL YEAR 2023/2024 BUDGET
ADMINISTRATIVE ASSESSMENTS | 65,167
MAINTENANCE ASSESSMENTS | 18,367
DEBT ASSESSMENTS | 123,590
INTEREST INCOME | 480
TOTAL REVENUES | $	207,604
EXPENDITURES |
MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS |
ENGINEERING/INSPECTIONS | 2,000
MISCELLANEOUS MAINTENANCE | 3,750
PAVEMENT REPLACEMENT RESERVE | 7,050
STORMWATER MANAGEMENT RESERVE | 3,800
INFRASTRUCTURE MAINTENANCE | 665
TOTAL MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS | $	17,265
ADMINISTRATIVE EXPENDITURES |
SUPERVISOR FEES | 4,000
PAYROLL TAXES | 306
MANAGEMENT | 33,960
LEGAL | 9,000
ASSESSMENT ROLL | 6,750
AUDIT FEES | 3,500
INSURANCE | 6,600
LEGAL ADVERTISING | 775
MISCELLANEOUS | 750
POSTAGE | 200
OFFICE SUPPLIES | 325
MEETING VENUE RENTAL | 1,000
DUES & SUBSCRIPTIONS | 175
TRUSTEE FEES | 4,200
CONTINUING DISCLOSURE FEE | 350
TOTAL ADMINISTRATIVE EXPENDITURES | $	71,891
TOTAL EXPENDITURES | $	89,156
REVENUES LESS EXPENDITURES | $	118,448
BOND PAYMENTS | (116,175)
BALANCE | $	2,273
COUNTY APPRAISER & TAX COLLECTOR FEE | (4,142)
DISCOUNTS FOR EARLY PAYMENTS | (8,285)
EXCESS/ (SHORTFALL) | $	(10,154)
CARRYOVER FROM PRIOR YEAR | 10,154
NET EXCESS/ (SHORTFALL) | $	-

DETAILED FINAL BUDGET
CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES | FISCAL YEAR 2021/2022 ACTUAL | FISCAL YEAR 2022/2023 BUDGET | FISCAL YEAR 2023/2024 BUDGET | COMMENTS
ADMINISTRATIVE ASSESSMENTS | 71,968 | 72,630 | 65,167 | Expenditures Less Interest & Carryover/.94
MAINTENANCE ASSESSMENTS | 11,767 | 10,916 | 18,367 | Expenditures/.94
DEBT ASSESSMENTS | 123,614 | 123,590 | 123,590 | Bond Payments/.94
INTEREST INCOME | 10 | 60 | 480 | Interest Projected At $20 Per Month
TOTAL REVENUES | $	207,359 | $	207,196 | $	207,604 |
EXPENDITURES | | | |
MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS | | | |
ENGINEERING/INSPECTIONS | 1,575 | 1,500 | 2,000 | $500 Increase From 2022/2023 Budget
MISCELLANEOUS MAINTENANCE | 0 | 3,750 | 3,750 | No Change From 2022/2023 Budget
PAVEMENT REPLACEMENT RESERVE | 0 | 4,346 | 7,050 | Twenty Year Project (Third Year)
STORMWATER MANAGEMENT RESERVE | 0 | 0 | 3,800 | Five Year Project (First Year)
INFRASTRUCTURE MAINTENANCE | 0 | 665 | 665 | No Change From 2022/2023 Budget
TOTAL MAINTENANCE/INFRASTRUCTURE IMPROVEMENTS | $	1,575 | $	10,261 | $	17,265 |
ADMINISTRATIVE EXPENDITURES | | | |
SUPERVISOR FEES | 600 | 4,000 | 4,000 | Supervisor Fees
PAYROLL TAXES | 46 | 306 | 306 | Supervisor Fees * 7.65%
MANAGEMENT | 32,016 | 32,976 | 33,960 | CPI Adjustment (Capped At 3%)
LEGAL | 7,990 | 9,000 | 9,000 | No Change From 2022/2023 Budget
ASSESSMENT ROLL | 6,750 | 6,750 | 6,750 | As Per Contract
AUDIT FEES | 3,400 | 3,500 | 3,500 | Accepted Amount For 2022/2023 Budget
INSURANCE | 5,706 | 5,900 | 6,600 | Fiscal Year 2022/2023 Expenditure Was $6,134
LEGAL ADVERTISING | 860 | 775 | 775 | No Change From 2022/2023 Budget
MISCELLANEOUS | 503 | 775 | 750 | $25 Decrease From 2022/2023 Budget
POSTAGE | 193 | 200 | 200 | No Change From 2022/2023 Budget
OFFICE SUPPLIES | 242 | 325 | 325 | No Change From 2022/2023 Budget
MEETING VENUE RENTAL | 0 | 0 | 1,000 | Meeting Venue Rental
DUES & SUBSCRIPTIONS | 175 | 175 | 175 | No Change From 2022/2023 Budget
TRUSTEE FEES | 4,187 | 3,300 | 4,200 | $900 Increase From 2022/2023 Budget
CONTINUING DISCLOSURE FEE | 350 | 350 | 350 | No Change From 2022/2023 Budget
TOTAL ADMINISTRATIVE EXPENDITURES | $	63,018 | $	68,332 | $	71,891 |
TOTAL EXPENDITURES | $	64,593 | $	78,593 | $	89,156 |
REVENUES LESS EXPENDITURES | $	142,766 | $	128,603 | $	118,448 |
BOND PAYMENTS | (117,786) | (116,175) | (116,175) | 2024 P & I Payments Less Earned Interest
BALANCE | $	24,980 | $	12,428 | $	2,273 |
COUNTY APPRAISER & TAX COLLECTOR FEE | (1,996) | (4,143) | (4,142) | Two Percent Of Total Assessment Roll
DISCOUNTS FOR EARLY PAYMENTS | (7,775) | (8,285) | (8,285) | Four Percent Of Total Assessment Roll
EXCESS/ (SHORTFALL) | $	15,209 | $	- | $	(10,154) |
CARRYOVER FROM PRIOR YEAR | 0 | 0 | 10,154 | Carryover From Prior Year
NET EXCESS/ (SHORTFALL) | $	15,209 | $	- | $	- |

DETAILED FINAL DEBT SERVICE FUND BUDGET
CENTURY PARK PLACE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES | FISCAL YEAR 2021/2022 ACTUAL | FISCAL YEAR 2022/2023 BUDGET | FISCAL YEAR 2023/2024 BUDGET | COMMENTS
Interest Income | 7 | 25 | 250 | Projected Interest For 2023/2024
NAV Tax Collection | 117,786 | 116,175 | 116,175 | Maximum Debt Service Collection
Total Revenues | $	117,793 | $	116,200 | $	116,425 |
EXPENDITURES | | | |
Principal Payments | 35,000 | 35,000 | 35,000 | Principal Payments Due In 2024
Interest Payments | 79,888 | 78,050 | 76,563 | Interest Payments Due In 2024
Bond Redemption | 0 | 3,150 | 4,862 | Estimated Excess Debt Collections
Total Expenditures | $	114,888 | $	116,200 | $	116,425 |
Excess/ (Shortfall) | $	2,905 | $	- | $	- |

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 1/1/2023 =

November 2047

$1,625,000

Century Park Place Community Development District Assessment Comparison

Original | Fiscal Year | Fiscal Year | Fiscal Year | Fiscal Year
Projected | 2020/2021 | 2021/2022 | 2022/2023 | 2023/2024
Assessment* | Assessment* | Assessment* | Assessment* | Projected Assessment*
Administrative | $	638.29 | $	514.25 | $	548.06 | $	554.43 | $ | 497.46
Maintenance | $	- | $	123.69 | $	89.83 | $	83.33 | $ | 140.21
Debt | $	943.62 | $	943.62 | $	943.62 | $	943.62 | $	943.62
Total | $	1,581.91 | $	1,581.56 | $	1,581.51 | $	1,581.38 | $	1,581.29

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
Community Information:	       Total Units131

4/27/2023 7:42 AM	^IV

4/27/2023 7:42 AM