Hypoluxo/Haverhill 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

AMENDED FINAL BUDGET
HYPOLUXO/HAVERHILL COMMUNITY DEVELOPMENT DISTRICT 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	69,061	69,141	69,141	
Debt Assessments	99,827	99,892	99,892	
Other Revenues	0	0	0	
Interest Income	120	120	114	
				
TOTAL REVENUES	$	169,008	$	169,153	$	169,147	
				
EXPENDITURES				
Supervisor Fees	5,000	4,200	3,200	
Payroll Taxes - Employer	400	325	245	
Engineering/Inspections	1,500	10,000	7,338	
Management	24,756	24,756	22,693	
Secretarial	4,200	4,200	3,850	
Legal	7,000	7,000	5,284	
Assessment Roll	5,000	5,000	0	
Audit Fees	3,500	3,500	3,500	
Insurance	6,356	5,000	5,000	
Legal Advertisements	1,100	1,100	743	
Miscellaneous	800	800	300	
Postage	250	100	73	
Office Supplies	400	425	373	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,700	3,180	3,180	
Continuing Disclosure Fee	1,000	0	0	
Website Management	1,500	1,500	1,375	
TOTAL EXPENDITURES	$	66,637	$	71,261	$	57,329	
				
REVENUES LESS EXPENDITURES	$	102,371	$	97,892	$	111,818	
				
Bond Payments	(93,837)	(95,197)	(95,197)	
				
BALANCE	$	8,534	$	2,695	$	16,621	
				
County Appraiser & Tax Collector Fee	(3,378)	(2,171)	(2,171)	
Discounts For Early Payments	(6,756)	(6,344)	(6,344)	
				
EXCESS/ (SHORTFALL)	$	(1,600)	$	(5,820)	$	8,106	
				
Carryover From Prior Year	1,600	1,600	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(4,220)	$	8,106	

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

$46,978	
($5,820)	
$41,158	

.
Notes
Carryover From Prior Year Of $1,600 was used to reduce Fiscal Year 2018/2019 Assessments.
$1,600 Of Fund Balance To Be Used To Reduce 2019/2020 Assessments.

8/29/2019  12:53 PM	I

AMENDED FINAL BUDGET
HYPOLUXO/HAVERHILL COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2017/2018 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	0	155	146	
NAV Tax Collection	93,837	95,197	93,696	
Total Revenues	$	93,837	$	95,352	$	93,842	
				
EXPENDITURES				
Principal Payments (2017)	65,000	65,000	65,000	
Interest Payments (2017)	26,019	26,838	26,838	
Bond Redemption	2,818	0	0	
Total Expenditures	$	93,837	$	91,838	$	91,838	
				
Excess/ (Shortfall)	$	-	$	3,514	$	2,004	

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

$51,775	
$3,514	
$55,289	

Notes
Reserve Fund Balance = $10,000*. Revenue Fund Balance = $45,289*.
Revenue Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $12,600.
* Approximate Amounts

Series 2017 Bond Refunding Information
Original Par Amount =	$1,195,000	Annual Principal Payments Due =	
Interest Rate =	2.52% - 6.75%	May 1st	
Issue Date =	January 2017	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/19 =	May 2033

$1,000,000	May 1st & November 1st	

8/29/2019 12:53 PM	II