Caribe Palm 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

AMENDED FINAL BUDGET
CARIBE PALM 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 - 8/31/22	
Administrative Assessments	79,869	80,123	80,123	
Maintenance Assessments	59,383	59,383	59,383	
Debt Assessments	161,614	161,615	161,615	
Other Revenues	0	0	0	
Interest Income	720	60	53	
Total Revenues	$	301,586	$	301,181	$	301,174	
				
EXPENDITURES				
Maintenance/Security Expenditures				
Engineering/Inspections	2,800	1,500	340	
Engineering - Special Projects	3,000	12,500	8,933	
Community Security	6,000	3,000	0	
Security Cameras/MTE/Upkeep	12,000	6,000	3,968	
FP&L Meter/Mailbox Area	4,200	15,000	10,009	
Street/Roadway Drainage Maintenance	4,200	2,000	850	
Maintenance/Contingency (Arking Solutions)	23,620	75,000	58,868	
Total Maintenance Expenditures	$	55,820	$	115,000	$	82,968	
				
Administrative Expenditures				
Supervisor Fees	8,000	6,600	5,600	
Payroll Taxes - Employer	612	508	428	
Management	30,360	30,360	27,830	
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	3,600	3,600	3,600	
Insurance	6,600	5,706	5,706	
Legal Advertisements	650	650	499	
Miscellaneous	1,700	1,700	1,227	
Postage	275	325	283	
Office Supplies	475	375	336	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,150	3,780	3,780	
Continuing Disclosure Fee	350	350	0	
Website Management	1,750	1,750	1,604	
Total Administrative Expenditures	$	75,797	$	70,979	$	57,118	
				
Total Expenditures	$	131,617	$	185,979	$	140,086	
				
Revenue Less Expenditures	$	169,969	$	115,202	$	161,088	
				
Bond Payments	(151,917)	(154,079)	(154,079)	
				
Balance	$	18,052	$	(38,877)	$	7,009	
				
County Appraiser & Tax Collector Fee	(6,017)	(2,900)	(2,900)	
Discounts For Early Payments	(12,035)	(11,132)	(11,132)	
				
EXCESS/ (SHORTFALL)	$	-	$	(52,909)	$	(7,023)	
				
Carryover From Prior Year	0	0	0	
				
Net Excess/ (Shortfall)	$	-	$	(52,909)	$	(7,023)	

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

$545,201	
($52,909)	
$492,292	

9/20/2022 10:02 AM	I

AMENDED FINAL BUDGET
CARIBE PALM 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 - 8/31/22	
Interest Income	25	260	249	
NAV Tax Collection	151,917	154,079	154,079	
				
Total Revenues	$	151,942	$	154,339	$	154,328	
				
EXPENDITURES				
Principal Payments	83,000	83,000	83,000	
Interest Payments	63,978	65,430	65,430	
Bond Redemption	4,964	0	0	
				
Total Expenditures	$	151,942	$	148,430	$	148,430	
				
EXCESS/ (SHORTFALL)	$	-	$	5,909	$	5,898	

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

$136,175	
$5,909	
$142,084	

Note*: Reserve Fund Balance = $79,782. Revenue Fund Balance = $62,302 Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $31,263.
* 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 8/31/22 =	$1,471,000		

9/20/2022 10:02 AM	II