Meadow Pines 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

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	
O & M Assessments	49,910	51,205	51,205	
Debt Assessments	691,982	695,356	695,356	
Other Revenues	1,000	175	175	
Interest Income	300	245	245	
				
TOTAL REVENUES	$	743,192	$	746,981	$	746,981	
				
EXPENDITURES				
Supervisor Fees	2,400	600	600	
Payroll Taxes	200	46	46	
Engineering	2,250	11,000	8,063	
Management	13,896	13,896	13,896	
Legal	9,000	8,000	6,738	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,600	3,600	3,600	
Arbitrage Rebate Fee	600	600	600	
Insurance	7,300	5,426	5,426	
Legal Advertisements	950	1,500	1,108	
Miscellaneous	900	750	351	
Postage	275	140	131	
Office Supplies	550	230	213	
Dues & Subscriptions	175	175	175	
Trustee Fees	6,820	6,815	6,815	
Continuing Disclosure Fee	1,000	1,000	1,000	
Website Management	2,000	2,000	2,000	
Reserve	2,799	2,000	0	
Stormwater Management	0	20,000	18,890	
				
TOTAL EXPENDITURES	$	60,715	$	83,778	$	75,652	
				
REVENUES LESS EXPENDITURES	$	682,477	$	663,203	$	671,329	
				
Bond Payments	(650,463)	(655,916)	(655,916)	
				
BALANCE	$	32,014	$	7,287	$	15,413	
				
County Appraiser & Tax Collector Fee	(14,838)	(15,945)	(15,945)	
Discounts For Early Payments	(29,676)	(26,343)	(26,343)	
				
EXCESS/ (SHORTFALL)	$	(12,500)	$	(35,001)	$	(26,875)	
				
Carryover From Prior Year	12,500	12,500	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(22,501)	$	(26,875)	

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

$95,045	
($35,001)	
$60,044	

Notes
Carryover From Prior Year Of $12,500 was used to reduce Fiscal Year 2019/2020 Assessments.
$11,875 Of Fund Balance To Be Used To Reduce 2020/2021 Assessments.

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	100	4,719	4,713	
NAV Tax Collection	650,463	655,916	655,916	
Total Revenues	$	650,563	$	660,635	$	660,629	
				
EXPENDITURES				
Principal Payments (2014A-1)	285,000	285,000	285,000	
Principal Payments (2014A-B)	50,000	50,000	50,000	
Bond Redemption	6,315	0	0	
Interest Payments (2014A-1)	241,360	245,635	245,635	
Interest Payments (2014A-B)	67,888	69,325	69,325	
				
Total Expenditures	$	650,563	$	649,960	$	649,960	
				
Excess/ (Shortfall)	$	-	$	10,675	$	10,669	

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

$550,445	
$10,675	
$561,120	

Notes
Reserve Fund (2014-1) Balance = $265,215*. Reserve Fund (2014-2) Balance = $60,100*. Revenue Fund Balance = $235,805*.
Revenue Fund Balance To Be Used To Make 2014-1 11/1/2020 Interest Payment Of $118,543 and 2014-2 11/1/2020 Interest Payment Of $33,225.
* 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 9/30/20 =	$5,495,000		
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 9/30/20 =	$1,120,000