Title: CVII Amended Final Budget 2021-2022.xlsx
Author: JWalker

AMENDED FINAL BUDGET
CRESTVIEW II COMMUNITY DEVELOPMENT DISTRICT

Crestview II Community Development District

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

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

OPERATING FUND FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES

FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22

AMENDED FINAL BUDGET
10/1/21 - 9/30/22

YEAR TO DATE ACTUAL
10/1/21 - 9/29/22

Administrative Assessments | 74,191 | 74,605 | 74,605
Maintenance Assessments | 35,149 | 35,149 | 35,149
Debt Assessments | 97,659 | 97,660 | 97,660
Interest Income | 60 | 85 | 82
TOTAL REVENUES | $	207,059 | $	207,499 | $	207,496
EXPENDITURES | | |
ADMINISTRATIVE EXPENDITURES | | |
Supervisor Fees | 1,875 | 750 | 750
Payroll Taxes (Employer) | 145 | 57 | 57
Management | 28,980 | 28,980 | 28,980
Secretarial & Field Operations | 5,400 | 5,400 | 5,400
Legal | 9,250 | 9,000 | 7,878
Assessment Roll | 6,000 | 6,000 | 6,000
Audit Fees | 3,700 | 3,700 | 3,700
Insurance | 6,500 | 6,426 | 6,426
Legal Advertisements | 750 | 750 | 553
Miscellaneous | 1,000 | 1,000 | 815
Postage | 275 | 190 | 182
Office Supplies | 400 | 275 | 240
Dues & Subscriptions | 175 | 175 | 175
Trustee Fee | 3,000 | 3,500 | 3,500
Continuing Disclosure Fee | 350 | 350 | 350
Website Management | 2,000 | 2,000 | 2,000
TOTAL ADMINISTRATIVE EXPENDITURES | $	69,800 | $	68,553 | $	67,006
MAINTENANCE EXPENDITURES | | |
Aquatic Maintenance | 3,500 | 4,000 | 3,451
General Community Maintenance | 500 | 500 | 0
Lawn Maintenance | 14,000 | 15,000 | 14,350
Fountain Maintenance & Upkeep | 6,400 | 2,000 | 0
Electricity/FPL - Fountains | 6,300 | 4,510 | 4,510
Engineering/Inspections | 1,250 | 1,250 | 0
Lake Bank - Erosion Control | 300 | 100 | 0
Maintenance/Contingency (Column Repair, Etc.) | 790 | 9,000 | 6,847
TOTAL MAINTENANCE EXPENDITURES | $	33,040 | $	36,360 | $	29,158
TOTAL EXPENDITURES | $	102,840 | $	104,913 | $	96,164
REVENUES LESS EXPENDITURES | $	104,219 | $	102,586 | $	111,332
Bond Payments | (91,800) | (93,163) | (93,163)
BALANCE | $	12,419 | $	9,423 | $	18,169
County Appraiser & Tax Collector Fee | (4,139) | (1,999) | (1,999)
Discounts For Early Payments | (8,280) | (7,539) | (7,539)
EXCESS/ (SHORTFALL) | $	- | $	(115) | $	8,631
Carryover From Prior Year | 0 | 0 | 0
NET EXCESS/ (SHORTFALL) | $	- | $	(115) | $	8,631

FUND BALANCE AS OF 9/30/21
FY 2021/2022 ACTIVITY
FUND BALANCE AS OF 9/30/22

$44,309
($115)
$44,194

Notes
Carryover From Prior Year Of $1,350 to be used to reduce Fiscal Year 2022/2023 Assessments.

DEBT SERVICE FUND FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES

FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22

AMENDED FINAL BUDGET
10/1/21 - 9/30/22

YEAR TO DATE ACTUAL
10/1/21 - 9/29/22

Interest Income | 25 | 145 | 139
NAV Tax Collection | 91,800 | 93,163 | 93,163
Total Revenues | $	91,825 | $	93,308 | $	93,302
EXPENDITURES | | |
Principal Payments | 51,000 | 51,000 | 51,000
Interest Payments | 38,603 | 39,240 | 39,240
Bond Redemption | 2,222 | 0 | 0
Total Expenditures | $	91,825 | $	90,240 | $	90,240
Excess/ (Shortfall) | $	- | $	3,068 | $	3,062

FUND BALANCE AS OF 9/30/21
FY 2021/2022 ACTIVITY
FUND BALANCE AS OF 9/30/22

$47,272
$3,068
$50,340

Notes
Reserve Fund Balance = $7,519*. Revenue Fund Balance = $42,821*. Revenue Fund Balance Used To Make 11/1/2022 Interest Payment Of $18,983.
* Approximate Amounts

Original Par Amount = | $1,105,000 | Annual Principal Payments Due:
Interest Rate = | 2.5% - 4% | May 1st
Issue Date = | October 2020 | Annual Interest Payments Due:

Maturity Date =

Par Amount As Of 9/30/22 =

May 2037

$1,008,000

May 1st & November 1st

	Series 2020 Bond Refunding Information

10/17/2022 8:05 AM