Palm Beach Plantation 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

OPERATING FUND FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2019/2020 BUDGET 10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
O & M Assessments	123,873	123,968	123,968	
Debt Assessments	480,587	480,798	480,798	
Other Income	0	0	0	
Interest Income	240	440	432	
				
TOTAL REVENUES	$	604,700	$	605,206	$	605,198	
				
EXPENDITURES				
Supervisor Fees	8,000	2,000	2,000	
Payroll Taxes	640	156	156	
Maintenance/Contingency	7,500	2,500	0	
Engineering/Inspections	10,000	3,000	945	
Management	34,440	34,440	34,440	
Secretarial	4,200	4,200	4,200	
Legal	8,500	6,500	5,504	
Assessment Roll	3,000	3,000	3,000	
Audit Fees	3,400	3,400	3,400	
Arbitrage Calculation Report Fee	650	650	650	
Insurance	6,064	5,789	5,789	
Legal Advertisements	1,200	1,200	771	
Miscellaneous	950	500	205	
Postage	350	80	68	
Office Supplies	750	175	151	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,100	4,080	4,080	
Website Management	1,250	1,250	1,250	
Reserve/Contingency	16,489	2,500	0	
County Appraiser & Tax Collector Fee	7,500	7,039	7,039	
TOTAL EXPENDITURES	$	119,158	$	82,634	$	73,823	
				
REVENUES LESS EXPENDITURES	$	485,542	$	522,572	$	531,375	
				
Bond Payments	(461,364)	(461,364)	(461,364)	
				
BALANCE	$	24,178	$	61,208	$	70,011	
				
Discounts For Early Payments	(24,178)	(22,717)	(22,717)	
				
EXCESS/ (SHORTFALL)	$	-	$	38,491	$	47,294	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	38,491	$	47,294	

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

$102,619	
$38,491	
$141,110	

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10/8/2021 10:30 AM	I

DEBT SERVICE FUND FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income	200	20	19	
NAV Tax Collection	461,364	461,364	461,364	
Total Revenues	$	461,564	$	461,384	$	461,383	
				
EXPENDITURES				
Principal Payments	295,000	295,000	295,000	
Interest Payments	166,564	172,375	172,375	
Extraordinary Principal Payments	0	0	0	
Total Expenditures	$	461,564	$	467,375	$	467,375	
				
Excess/ (Shortfall)	$	-	$	(5,991)	$	(5,992)	

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

$348,416	
($5,991)	
$342,425	

Notes
Reserve Fund Balance = $236,567*. Revenue Fund Balance = $105,858*. Revenue Fund Balance To Be Used To Make 11/1/2021 Interest Payment Of $80,376.
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 9/30/21 =	$4,080,000		

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

10/8/2021 10:30 AM	II