Palm Beach Plantation 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 - 8/31/19	
O & M Assessments	127,175	127,399	127,399	
Debt Assessments	477,761	478,145	478,145	
Other Income	0	0	0	
Interest Income	240	210	185	
				
TOTAL REVENUES	$	605,176	$	605,754	$	605,729	
				
EXPENDITURES				
Supervisor Fees	7,000	5,400	4,400	
Payroll Taxes	560	420	337	
Maintenance/Contingency	5,500	2,500	0	
Engineering/Inspections	5,000	8,000	5,563	
Management	33,048	33,048	30,294	
Secretarial	4,200	4,200	3,850	
Legal	8,500	8,000	5,438	
Assessment Roll	3,000	3,000	0	
Audit Fees	3,600	3,200	3,200	
Arbitrage Calculation Report Fee	650	650	650	
Insurance	6,646	5,250	5,250	
Legal Advertisements	1,300	1,300	967	
Miscellaneous	975	750	410	
Postage	325	185	155	
Office Supplies	650	500	406	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,100	4,080	4,080	
Website Management	1,000	1,000	917	
Lake Erosion Project	24,000	67,820	67,820	
County Appraiser & Tax Collector Fee	12,099	7,026	7,026	
TOTAL EXPENDITURES	$	122,328	$	156,504	$	140,938	
				
REVENUES LESS EXPENDITURES	$	482,848	$	449,250	$	464,791	
				
Bond Payments	(458,651)	(458,651)	(458,651)	
				
BALANCE	$	24,197	$	(9,401)	$	6,140	
				
Discounts For Early Payments	(24,197)	(22,352)	(22,352)	
				
EXCESS/ (SHORTFALL)	$	-	$	(31,753)	$	(16,212)	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(31,753)	$	(16,212)	

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

$69,619	
($31,753)	
$37,866	

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9/10/2019  7:15 AM	I

DEBT SERVICE 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 - 8/31/19	
Interest Income	75	1,200	1,124	
NAV Tax Collection	458,651	458,651	458,651	
Total Revenues	$	458,726	$	459,851	$	459,775	
				
EXPENDITURES				
Principal Payments	270,000	270,000	270,000	
Interest Payments	188,726	194,045	194,045	
Extraordinary Principal Payments	0	0	0	
Total Expenditures	$	458,726	$	464,045	$	464,045	
				
Excess/ (Shortfall)	$	-	$	(4,194)	$	(4,270)	

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

$357,836	
($4,194)	
$353,642	

Notes
Reserve Fund Balance = $236,567*. Revenue Fund Balance = $117,075*. Revenue Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $91,704.
Approximate Amounts

Series 2014 Bond Refunding Information		
Original Par Amount =	$5,940,000	Annual Principal Payments Due:	
Interest Rate =	3.940%	May 1st	
Issue Date =	March 2014	Annual Interest Payments Due:	
Maturity Date =	May 2029*	May 1st & November 1st	
Par Amount As Of 8/31/19 =	$4,655,000		

Principal Payment Amount Due In May 2029 = $1,665,000

9/10/2019 7:15 AM	II