Hypoluxo/Haverhill Community Development District

Final Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
HYPOLUXO/HAVERHILL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 -  SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2019/2020 BUDGET	
O & M Assessments	69,053	
Debt Assessments	99,827	
Other Revenues	0	
Interest Income	120	
		
TOTAL REVENUES	$	169,000	
		
EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	400	
Engineering	1,500	
Management	25,224	
Secretarial	4,200	
Legal	7,000	
Assessment Roll	5,000	
Audit Fees	3,600	
Insurance	6,356	
Legal Advertisements	1,100	
Miscellaneous	775	
Postage	225	
Office Supplies	375	
Dues & Subscriptions	175	
Trustee Fee	3,700	
Continuing Disclosure Fee	0	
Website Management	2,000	
		
TOTAL EXPENDITURES	$	66,630	
		
REVENUES LESS EXPENDITURES	$	102,370	
		
Bond Payments	(93,837)	
		
BALANCE	$	8,533	
		
County Appraiser & Tax Collector Fee	(3,378)	
Discounts For Early Payments	(6,755)	
		
EXCESS/ (SHORTFALL)	$	(1,600)	
		
Carryover From Prior Year	1,600	
		
NET EXCESS/ (SHORTFALL)	$	-	

6/2/2019  3:25 PM	I

DETAILED FINAL BUDGET
HYPOLUXO/HAVERHILL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 -  SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2017/2018 ACTUAL	
FISCAL YEAR 2018/2019 BUDGET	
FISCAL YEAR 2019/2020 BUDGET	

COMMENTS	
O & M Assessments	69,110	69,061	69,053	Expenditures Less Interest & Carryover/.94	
Debt Assessments	99,848	99,827	99,827	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	110	120	120	Projected At $10 Per Month	
					
TOTAL REVENUES	$	169,068	$	169,008	$	169,000		
					
EXPENDITURES					
Supervisor Fees	3,000	5,000	5,000	No Change From 2018/2019 Budget	
Payroll Taxes (Employer)	229	400	400	Projected At 8% Of Supervisor Fees	
Engineering	0	1,500	1,500	No Change From 2018/2019 Budget	
Management	24,252	24,756	25,224	CPI Adjustment	
Secretarial	4,200	4,200	4,200	No Change From 2018/2019 Budget	
Legal	5,343	7,000	7,000	No Change From 2018/2019 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	3,400	3,500	3,600	$100 Increase From 2018/2019 Budget	
Insurance	5,778	6,356	6,356	No Change From 2018/2019 Budget	
Legal Advertisements	970	1,100	1,100	No Change From 2018/2019 Budget	
Miscellaneous	217	800	775	$25 Decrease From 2018/2019 Budget	
Postage	46	250	225	$25 Decrease From 2018/2019 Budget	
Office Supplies	223	400	375	$25 Decrease From 2018/2019 Budget	
Dues & Subscriptions	175	175	175	No Change From 2018/2019 Budget	
Trustee Fee	3,180	3,700	3,700	No Change From 2018/2019 Budget	
Continuing Disclosure Fee	0	1,000	0	Prager Is No Longer Charging Fee	
Website Management	1,500	1,500	2,000	$500 Increase From 2018/2019 Budget	
					
TOTAL EXPENDITURES	$	57,513	$	66,637	$	66,630		

REVENUES LESS EXPENDITURES	$	111,555	$	102,371	$	102,370		
					
Bond Payments	(95,096)	(93,837)	(93,837)	2020 P & I Payments Less Earned Interest	
					
BALANCE	$	16,459	$	8,534	$	8,533		

County Appraiser & Tax Collector Fee	(1,213)	(3,378)	(3,378)	Two Percent Of Total Assessment Roll	

Discounts For Early Payments	(6,424)	(6,756)	(6,755)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	8,822	$	(1,600)	$	(1,600)		
					
Carryover From Prior Year	0	1,600	1,600	Carryover Balance From Prior Years	

NET EXCESS/ (SHORTFALL)	
$	8,822	
$	-	
$	-		

6/2/2019 3:25 PM	II

DETAILED FINAL DEBT SERVICE FUND BUDGET
HYPOLUXO/HAVERHILL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2017/2018 ACTUAL	FISCAL YEAR 2018/2019 BUDGET	FISCAL YEAR 2019/2020 BUDGET	

COMMENTS	

Interest Income	
129	
0	
0	
Projected Interest For 2019/2020	

NAV Tax Collection	
95,096	
93,837	
93,837	
Yearly Maximum Debt Assessment	

Total Revenues	
$	95,225	
$	93,837	
$	93,837		

EXPENDITURES					

Principal Payments	
60,000	
65,000	
65,000	
Principal Payment Due In 2020	

Interest Payments	
28,350	
26,019	
24,381	
Interest Payments Due In 2020	

Bond Redemption	
0	
2,818	
4,456	
Estimated Excess Debt Collections	

Total Expenditures	
$	88,350	
$	93,837	
$	93,837		

Excess/Shortfall	
$	6,875	
$	-	
$	-		

Series 2017 Bond Refunding Information

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

Par Amount As Of 1/1/19 =	May 2033

$1,065,000			

6/2/2019  3:25 PM	III

Hypoluxo/Haverhill Community Development District Assessment Comparison

O & M

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2016/2017	2017/2018	2018/2019	2019/2020	
 	Assessment*		    Assessment*		    Assessment*		    Assessment*		 	Projected Assessment*		

$	188.30	$

218.07	$

252.13	$

252.05	$

252.03

Debt

$	457.71

$	456.50

$	364.33

$	364.33

$	364.33

Total

$	646.01	$

674.57	$

616.46	$

616.38	$

616.36

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
Community Information:		 Total Units	274

6/2/2019  3:25 PM	IV