Caribe Palm 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	
Administrative Assessments	77,240	77,848	77,848	
Maintenance Assessments	71,170	71,170	71,170	
Debt Assessments	161,614	161,614	161,614	
Other Revenues	0	194	194	
Interest Income	480	1,825	1,809	
Total Revenues	$	310,504	$	312,651	$	312,635	
				
EXPENDITURES				
Maintenance/Security Expenditures				
Engineering/Inspections	2,800	1,290	1,290	
Engineering - Special Projects	3,000	500	0	
Community Security	6,000	500	0	
Security Cameras/MTE/Upkeep	15,000	20,000	8,788	
FP&L Meter/Mailbox Area	4,200	900	449	
Street/Roadway Drainage Maintenance	4,200	4,200	4,090	
Maintenance/Contingency	4,200	2,800	2,489	
Tract Q Improvements/Upgrades	27,500	2,000	1,082	
Total Maintenance Expenditures	$	66,900	$	32,190	$	18,188	
				
Administrative Expenditures				
Supervisor Fees	6,000	7,800	7,800	
Payroll Taxes - Employer	471	597	597	
Management	28,740	28,740	28,740	
Secretarial And Field Operations	6,600	6,600	6,600	
Legal	4,000	1,000	0	
Assessment Roll	7,500	7,500	7,500	
Audit Fees	3,700	3,700	3,700	
Insurance	7,200	5,342	5,342	
Legal Advertisements	700	700	341	
Miscellaneous	2,000	2,000	1,587	
Postage	350	200	177	
Office Supplies	500	425	358	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,150	3,150	3,150	
Continuing Disclosure Fee	500	350	350	
Website Management	1,500	1,500	1,500	
Total Administrative Expenditures	$	73,086	$	69,779	$	67,917	
				
Total Expenditures	$	139,986	$	101,969	$	86,105	
				
Revenue Less Expenditures	$	170,518	$	210,682	$	226,530	
				
Bond Payments	(151,917)	(154,116)	(154,116)	
				
Balance	$	18,601	$	56,566	$	72,414	
				
County Appraiser & Tax Collector Fee	(6,200)	(2,958)	(2,958)	
Discounts For Early Payments	(12,401)	(11,432)	(11,432)	
				
EXCESS/ (SHORTFALL)	$	-	$	42,176	$	58,024	
				
Carryover From Prior Year	0	0	0	
				
Net Excess/ (Shortfall)	$	-	$	42,176	$	58,024	

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

$395,243	
$42,176	
$437,419	

9/24/2019 3:34 PM	I

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

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/78- 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	2,380	2,368	
NAV Tax Collection	151,917	154,116	154,116	
				
Total Revenues	$	151,967	$	156,496	$	156,484	
				
EXPENDITURES				
Principal Payments	77,000	77,000	77,000	
Interest Payments	72,588	73,935	73,935	
Bond Redemption	2,379	0	0	
				
Total Expenditures	$	151,967	$	150,935	$	150,935	
				
EXCESS/ (SHORTFALL)	$	-	$	5,561	$	5,549	

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

$125,588	
$5,561	
$131,149	

Note*: Reserve Fund Balance = $77,822. Revenue Fund Balance = $53,327. Revenue Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $35,620.
* Approximate Amounts

Series 2017 Bond Refunding Information		
Original Par Amount =	$1,870,000	Annual Principal Payments Due:	
Interest Rate =	3.5% - 4.5%	May 1st	
Issue Date =	July 2017	Annual Interest Payments Due:	
Maturity Date =	May 2035	May 1st & November 1st	
Par Amount As Of 9/30/19 =	$1,720,000		

9/24/2019 3:34 PM	II