Caribe Palm 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 - 8/31/20	
Administrative Assessments	77,948	78,472	78,472	
Maintenance Assessments	61,510	61,510	61,510	
Debt Assessments	161,614	161,614	161,614	
Other Revenues	0	0	0	
Interest Income	480	3,420	3,416	
Total Revenues	$	301,552	$	305,016	$	305,012	
				
EXPENDITURES				
Maintenance/Security Expenditures				
Engineering/Inspections	2,800	1,390	1,390	
Engineering - Special Projects	3,000	500	0	
Community Security	6,000	500	0	
Security Cameras/MTE/Upkeep	12,000	11,000	9,820	
FP&L Meter/Mailbox Area	4,200	1,000	332	
Street/Roadway Drainage Maintenance	4,200	2,000	1,700	
Maintenance/Contingency	25,620	7,500	3,469	
Total Maintenance Expenditures	$	57,820	$	23,890	$	16,711	
				
Administrative Expenditures				
Supervisor Fees	6,000	4,800	4,800	
Payroll Taxes - Employer	471	367	367	
Management	29,280	29,280	26,840	
Secretarial And Field Operations	6,600	6,600	6,050	
Legal	4,000	1,000	0	
Assessment Roll	7,500	7,500	0	
Audit Fees	3,800	3,400	3,400	
Insurance	7,200	5,603	5,603	
Legal Advertisements	650	650	380	
Miscellaneous	2,000	1,500	1,138	
Postage	325	140	124	
Office Supplies	500	275	235	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,150	3,150	3,150	
Continuing Disclosure Fee	350	350	0	
Website Management	1,750	1,750	1,605	
Total Administrative Expenditures	$	73,751	$	66,540	$	53,867	
				
Total Expenditures	$	131,571	$	90,430	$	70,578	
				
Revenue Less Expenditures	$	169,981	$	214,586	$	234,434	
				
Bond Payments	(151,917)	(154,172)	(154,172)	
				
Balance	$	18,064	$	60,414	$	80,262	
				
County Appraiser & Tax Collector Fee	(6,021)	(2,905)	(2,905)	
Discounts For Early Payments	(12,043)	(10,943)	(10,943)	
				
EXCESS/ (SHORTFALL)	$	-	$	46,566	$	66,414	
				
Carryover From Prior Year	0	0	0	
				
Net Excess/ (Shortfall)	$	-	$	46,566	$	66,414	

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

$453,204	
$46,566	
$499,770	

9/24/2020 2:03 PM	I

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 - 8/31/20	
Interest Income	100	2,338	2,337	
NAV Tax Collection	151,917	154,172	154,172	
				
Total Revenues	$	152,017	$	156,510	$	156,509	
				
EXPENDITURES				
Principal Payments	81,000	81,000	81,000	
Interest Payments	69,823	71,240	71,240	
Bond Redemption	1,194	0	0	
				
Total Expenditures	$	152,017	$	152,240	$	152,240	
				
EXCESS/ (SHORTFALL)	$	-	$	4,270	$	4,269	

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

$131,215	
$4,270	
$135,485	

Note*: Reserve Fund Balance = $79,636. Revenue Fund Balance = $55,849. Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $34,203.
* 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 9/30/20 =	$1,639,000		

9/24/2020 2:03 PM	II