Palm Beach Plantation 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
PALM BEACH PLANTATION 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 - 9/29/22	
O & M Assessments	123,873	123,960	123,960	
Debt Assessments	478,874	479,062	479,062	
Other Income	0	0	0	
Interest Income	240	28	26	
				
TOTAL REVENUES	$	602,987	$	603,050	$	603,048	
				
EXPENDITURES				
Supervisor Fees	8,000	2,600	2,600	
Payroll Taxes	640	208	208	
Maintenance/Contingency	7,500	3,750	0	
Engineering/Inspections	10,000	10,000	3,420	
Management	34,920	34,920	34,920	
Secretarial	4,200	4,200	4,200	
Legal	8,500	8,500	6,386	
Assessment Roll	3,000	3,000	3,000	
Audit Fees	3,500	3,500	3,500	
Arbitrage Calculation Report Fee	650	650	650	
Insurance	6,000	5,992	5,992	
Legal Advertisements	1,300	1,100	694	
Miscellaneous	925	600	382	
Postage	325	100	90	
Office Supplies	725	390	353	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,100	4,079	4,079	
Website Management	1,250	1,250	1,250	
Reserve/Contingency	15,948	7,500	0	
County Appraiser & Tax Collector Fee	7,500	7,020	7,020	
TOTAL EXPENDITURES	$	119,158	$	99,534	$	78,919	
				
REVENUES LESS EXPENDITURES	$	483,829	$	503,516	$	524,129	
				
Bond Payments	(459,719)	(459,719)	(459,719)	
				
BALANCE	$	24,110	$	43,797	$	64,410	
				
Discounts For Early Payments	(24,110)	(22,702)	(22,702)	
				
EXCESS/ (SHORTFALL)	$	-	$	21,095	$	41,708	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	21,095	$	41,708	

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

$152,153	
$21,095	
$173,248	

.

AMENDED FINAL BUDGET
PALM BEACH PLANTATION 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 - 9/29/22	
Interest Income	25	19	18	
NAV Tax Collection	459,719	459,719	459,719	
Total Revenues	$	459,744	$	459,738	$	459,737	
				
EXPENDITURES				
Principal Payments	305,000	305,000	305,000	
Interest Payments	154,744	160,752	160,752	
Extraordinary Principal Payments	0	0	0	
Total Expenditures	$	459,744	$	465,752	$	465,752	
				
Excess/ (Shortfall)	$	-	$	(6,014)	$	(6,015)	

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

$342,426	
($6,014)	
$336,412	

Notes
Reserve Fund Balance = $236,567*. Revenue Fund Balance = $99,845*. Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $74,368.
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 9/30/22 =	$3,775,000		

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