Meadow Pines 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

MEADOW PINES COMMUNITY DEVELOPMENT DISTRICT 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	
O & M Assessments	49,910	50,513	50,513	
Debt Assessments	691,982	693,604	693,604	
Other Revenues	175	175	175	
Interest Income	240	14	14	
				
TOTAL REVENUES	$	742,307	$	744,306	$	744,306	
				
EXPENDITURES				
Supervisor Fees	2,400	600	600	
Payroll Taxes	200	46	46	
Engineering	3,000	7,500	5,988	
Management	14,400	14,400	14,400	
Legal	8,000	7,037	7,037	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,300	3,300	3,300	
Arbitrage Rebate Fee	600	600	600	
Insurance	6,300	5,881	5,881	
Legal Advertisements	700	800	487	
Miscellaneous	800	1,200	1,004	
Postage	150	610	602	
Office Supplies	500	375	367	
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	1,985	1,985	0	
Miscellaneous Maintenance	0	2,600	2,600	
Stormwater Management	0	20,218	20,218	
				
TOTAL EXPENDITURES	$	58,330	$	83,142	$	79,120	
				
REVENUES LESS EXPENDITURES	$	683,977	$	661,164	$	665,186	
				
Bond Payments	(650,463)	(653,338)	(653,338)	
				
BALANCE	$	33,514	$	7,826	$	11,848	
				
County Appraiser & Tax Collector Fee	(14,838)	(15,884)	(15,884)	
Discounts For Early Payments	(29,676)	(27,284)	(27,284)	
				
EXCESS/ (SHORTFALL)	$	(11,000)	$	(35,342)	$	(31,320)	
				
Carryover From Prior Year	11,000	11,000	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(24,342)	$	(31,320)	

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

$54,784	
($35,342)	
$19,442	

Notes
Carryover From Prior Year Of $11,000 was used to reduce Fiscal Year 2021/2022 Assessments.

MEADOW PINES COMMUNITY DEVELOPMENT DISTRICT 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	981	981	
NAV Tax Collection	650,463	653,338	653,338	
Prepaid Bond Collection	0	0	0	
Total Revenues	$	650,488	$	654,319	$	654,319	
				
EXPENDITURES				
Principal Payments (2014A-1)	305,000	305,000	305,000	
Principal Payments (2014A-B)	55,000	55,000	55,000	
Bond Redemption	7,293	15,000	15,000	
Interest Payments (2014A-1)	221,489	226,733	226,733	
Interest Payments (2014A-B)	61,706	63,288	63,288	
				
Total Expenditures	$	650,488	$	665,021	$	665,021	
				
Excess/ (Shortfall)	$	-	$	(10,702)	$	(10,702)	

FUND BALANCE AS OF 9/30/21	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$579,421	
($10,702)	
$568,719	

Notes
Reserve Fund (2014-1) Balance = $265,017*. Reserve Fund (2014-2) Balance = $60,100*. Revenue Fund Balance = $241,581*. Prepayment Fund = $2,021*.
Revenue Fund Balance To Be Used To Make 2014-1 11/1/2022 Interest Payment Of $107,640 and 2014-2 11/1/2022 Interest Payment Of $30,063.
* 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 9/30/22 =	$4,880,000		
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 9/30/22 =	$1,010,000