Palm Beach Plantation Community Development District

Amended Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

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 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2022/2023 BUDGET 10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
O & M Assessments	120,614	120,690	120,690	
Debt Assessments	481,699	480,493	480,493	
Other Income	0	0	0	
Interest Income	241	5,577	5,477	
				
TOTAL REVENUES	$	602,553	$	606,760	$	606,660	
				
EXPENDITURES				
Supervisor Fees	8,000	3,200	3,200	
Payroll Taxes	640	260	260	
Reserve/Contingency	11,800	5,000	0	
Maintenance/Contingency (Geo Tube)	7,500	164,780	154,780	
Engineering/Inspections	10,000	42,000	31,268	
Management	35,964	35,964	35,964	
Secretarial	4,200	4,200	4,200	
Legal	8,500	10,000	9,070	
Assessment Roll	3,000	3,000	3,000	
Audit Fees	3,600	3,600	3,600	
Arbitrage Calculation Report Fee	650	650	650	
Insurance	6,000	6,441	6,441	
Legal Advertisements	1,300	1,300	905	
Miscellaneous	875	750	430	
Postage	300	525	509	
Office Supplies	675	530	490	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,100	4,080	4,080	
Website Management	1,250	1,250	1,250	
County Appraiser & Tax Collector Fee	7,500	7,012	7,012	
TOTAL EXPENDITURES	$	116,029	$	294,717	$	267,284	
				
REVENUES LESS EXPENDITURES	$	486,524	$	312,043	$	339,376	
				
Bond Payments	(462,431)	(462,431)	(462,431)	
				
BALANCE	$	24,093	$	(150,388)	$	(123,055)	
				
Discounts For Early Payments	(24,093)	(22,444)	(22,444)	
				
EXCESS/ (SHORTFALL)	$	-	$	(172,832)	$	(145,499)	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(172,832)	$	(145,499)	

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

$196,401	
($172,832)	
$23,569	

.

AMENDED FINAL BUDGET
PALM BEACH PLANTATION COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2022/2023 BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/22	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
Interest Income	25	11,871	11,771	
NAV Tax Collection	462,431	462,431	462,431	
Prepaid Bond Collection	0	12,195	12,195	
Total Revenues	$	462,456	$	486,497	$	486,397	
				
EXPENDITURES				
Principal Payments	320,000	320,000	320,000	
Interest Payments	142,456	148,735	148,735	
Extraordinary Principal Payments	0	0	0	
Total Expenditures	$	462,456	$	468,735	$	468,735	
				
Excess/ (Shortfall)	$	-	$	17,762	$	17,662	

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

$336,414	
$17,762	
$354,176	

Notes
Reserve Fund Balance = $236,567*. Revenue Fund Balance = $99,845*. Prepayment Account Balance = $12,195*.
Revenue Fund Balance To Be Used To Make 11/1/2023 Interest Payment Of $68,064.
Prepayment Account Balance To Be Used To Make 11/1/2023 Extraordinary Principal Payment Of $10,000.
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 9/30/23 =	$3,455,000		

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