Caribe Palm Community Development District

Amended Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
CARIBE PALM COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 8/31/21	
Administrative Assessments	79,913	80,474	80,474	
Maintenance Assessments	59,383	59,383	59,383	
Debt Assessments	161,614	161,614	161,614	
Other Revenues	0	0	0	
Interest Income	720	1,060	1,059	
Total Revenues	$	301,630	$	302,531	$	302,530	
				
EXPENDITURES				
Maintenance/Security Expenditures				
Engineering/Inspections	2,800	1,590	1,590	
Engineering - Special Projects	3,000	1,500	0	
Community Security	6,000	0	0	
Security Cameras/MTE/Upkeep	12,000	12,000	10,131	
FP&L Meter/Mailbox Area	4,200	2,500	1,658	
Street/Roadway Drainage Maintenance	4,200	1,850	850	
Maintenance/Contingency	23,620	26,000	16,278	
Total Maintenance Expenditures	$	55,820	$	45,440	$	30,507	
				
Administrative Expenditures				
Supervisor Fees	8,000	6,000	6,000	
Payroll Taxes - Employer	612	459	459	
Management	29,952	29,952	27,456	
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	3,500	3,500	3,500	
Insurance	6,800	5,513	5,513	
Legal Advertisements	650	650	232	
Miscellaneous	2,000	1,500	670	
Postage	300	175	165	
Office Supplies	500	250	217	
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	1,604	
Total Administrative Expenditures	$	75,839	$	68,524	$	55,191	
				
Total Expenditures	$	131,659	$	113,964	$	85,698	
				
Revenue Less Expenditures	$	169,971	$	188,567	$	216,832	
				
Bond Payments	(151,917)	(154,087)	(154,087)	
				
Balance	$	18,054	$	34,480	$	62,745	
				
County Appraiser & Tax Collector Fee	(6,018)	(2,882)	(2,882)	
Discounts For Early Payments	(12,036)	(11,128)	(11,128)	
				
EXCESS/ (SHORTFALL)	$	-	$	20,470	$	48,735	
				
Carryover From Prior Year	0	0	0	
				
Net Excess/ (Shortfall)	$	-	$	20,470	$	48,735	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$508,483	
$20,470	
$528,953	

9/23/2021 12:22 PM	I

AMENDED FINAL BUDGET
CARIBE PALM COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 8/31/21	
Interest Income	200	8	7	
NAV Tax Collection	151,917	154,087	154,087	
				
Total Revenues	$	152,117	$	154,095	$	154,094	
				
EXPENDITURES				
Principal Payments	85,000	85,000	85,000	
Interest Payments	66,918	68,405	68,405	
Bond Redemption	199	0	0	
				
Total Expenditures	$	152,117	$	153,405	$	153,405	
				
EXCESS/ (SHORTFALL)	$	-	$	690	$	689	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$135,485	
$690	
$136,175	

Note*: Reserve Fund Balance = $79,640. Revenue Fund Balance = $56,535 Revenue Fund Balance To Be Used To Make 11/1/2021 Interest Payment Of $32,715.
* 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 8/31/21 =	$1,554,000		

9/23/2021 12:22 PM	II