Meadow Pines Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

OPERATING FUND FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR  TO DATE ACTUAL
10/1/18 - 9/29/19	
O & M Assessments	49,910	51,478	51,478	
Debt Assessments	691,982	695,132	695,132	
Other Revenues	1,200	1,175	1,175	
Interest Income	300	210	206	
				
TOTAL REVENUES	$	743,392	$	747,995	$	747,991	
				
EXPENDITURES				
Supervisor Fees	2,400	1,000	1,000	
Payroll Taxes	200	137	137	
Engineering	2,500	3,000	3,000	
Management	13,644	13,644	13,644	
Legal	9,000	7,500	6,025	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,500	3,500	3,500	
Arbitrage Rebate Fee	600	600	600	
Insurance	7,500	5,175	5,175	
Legal Advertisements	1,000	750	381	
Miscellaneous	900	750	427	
Postage	275	100	94	
Office Supplies	575	275	227	
Dues & Subscriptions	175	175	175	
Trustee Fees	6,820	6,815	6,815	
Continuing Disclosure Fee	1,000	1,000	1,000	
Website Management	1,500	1,500	1,500	
Reserve	3,326	1,500	1,000	
				
TOTAL EXPENDITURES	$	60,915	$	53,421	$	50,700	
				
REVENUES LESS EXPENDITURES	$	682,477	$	694,574	$	697,291	
				
Bond Payments	(650,463)	(655,926)	(655,926)	
				
BALANCE	$	32,014	$	38,648	$	41,365	
				
County Appraiser & Tax Collector Fee	(14,838)	(15,947)	(15,947)	
Discounts For Early Payments	(29,676)	(26,103)	(26,103)	
				
EXCESS/ (SHORTFALL)	$	(12,500)	$	(3,402)	$	(685)	
				
Carryover From Prior Year	12,500	12,500	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	9,098	$	(685)	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$96,167	
($3,402)	
$92,765	

Notes
Carryover From Prior Year Of $12,500 was used to reduce Fiscal Year 2018/2019 Assessments.
$12,500 Of Fund Balance To Be Used To Reduce 2019/2020 Assessments.

DEBT SERVICE FUND FISCAL YEAR 2018/2019
OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	50	12,025	11,994	
NAV Tax Collection	650,463	655,926	655,926	
Total Revenues	$	650,513	$	667,951	$	667,920	
				
EXPENDITURES				
Principal Payments (2014A-1)	280,000	280,000	280,000	
Principal Payments (2014A-B)	50,000	50,000	50,000	
Bond Redemption	475	0	0	
Interest Payments (2014A-1)	249,275	252,915	252,915	
Interest Payments (2014A-B)	70,763	72,200	72,200	
				
Total Expenditures	$	650,513	$	655,115	$	655,115	
				
Excess/ (Shortfall)	$	-	$	12,836	$	12,805	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$536,830	
$12,836	
$549,666	

Notes
Reserve Fund (2014-1) Balance = $265,470*. Reserve Fund (2014-2) Balance = $60,381*. Revenue Fund Balance = $223,815*.
Revenue Fund Balance To Be Used To Make 2014-1 11/1/2019 Interest Payment Of $122,818 and 2014-2 11/1/2019 Interest Payment Of $34,633.
* Approximate Amounts

Series 2014-1 Bond Refunding Information		
Original Par Amount =	$7,125,000	Annual Principal Payments Due:	
Interest Rate =	1.05% - 4.625%	May 1st	
Issue Date =	May 2014	Annual Interest Payments Due:	
Maturity Date =	May 2034	May 1st & November 1st	
Par Amount As Of 9/30/19 =	$5,780,000		
Series 2014-2 Bond Refunding Information			
Original Par Amount =	$1,385,000	Annual Principal Payments Due:	
Interest Rate =	5.75% - 6.00%	May 1st	
Issue Date =	May 2014	Annual Interest Payments Due:	
Maturity Date =	May 2034	May 1st & November 1st	
Par Amount As Of 9/30/19 =	$1,170,000