Hypoluxo/Haverhill Community Development District

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

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

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

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
O & M Assessments	69,053	69,127	69,127	
Debt Assessments	99,827	99,881	99,881	
Other Revenues	0	0	0	
Interest Income	120	165	165	
				
TOTAL REVENUES	$	169,000	$	169,173	$	169,173	
				
EXPENDITURES				
Supervisor Fees	5,000	3,200	3,200	
Payroll Taxes - Employer	400	245	245	
Engineering/Inspections	1,500	1,500	675	
Management	25,224	25,224	25,224	
Secretarial	4,200	4,200	4,200	
Legal	7,000	6,269	6,269	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,600	3,300	3,300	
Insurance	6,356	5,251	5,251	
Legal Advertisements	1,100	1,700	1,373	
Miscellaneous	775	775	306	
Postage	225	120	112	
Office Supplies	375	240	220	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,700	3,180	3,180	
Lake Maintenance	0	500	98	
Website Management	2,000	2,000	2,000	
TOTAL EXPENDITURES	$	66,630	$	62,879	$	60,828	
				
REVENUES LESS EXPENDITURES	$	102,370	$	106,294	$	108,345	
				
Bond Payments	(93,837)	(95,197)	(95,197)	
				
BALANCE	$	8,533	$	11,097	$	13,148	
				
County Appraiser & Tax Collector Fee	(3,378)	(2,171)	(2,171)	
Discounts For Early Payments	(6,755)	(6,325)	(6,325)	
				
EXCESS/ (SHORTFALL)	$	(1,600)	$	2,601	$	4,652	
				
Carryover From Prior Year	1,600	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	2,601	$	4,652	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$46,624	
$2,601	
$49,225	

.
Notes
Carryover From Prior Year Of $1,600 was used to reduce Fiscal Year 2019/2020 Assessments.
$8,400 Of Fund Balance To Be Used To Reduce 2020/2021 Assessments.

10/29/2020  5:29 PM	I

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

REVENUES	FISCAL YEAR 2019/2020 BUDGET 10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
Interest Income	0	44	44	
NAV Tax Collection	93,837	95,197	95,197	
Total Revenues	$	93,837	$	95,241	$	95,241	
				
EXPENDITURES				
Principal Payments (2017)	65,000	65,000	65,000	
Interest Payments (2017)	24,381	25,200	25,200	
Bond Redemption	4,456	0	0	
Total Expenditures	$	93,837	$	90,200	$	90,200	
				
Excess/ (Shortfall)	$	-	$	5,041	$	5,041	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$55,298	
$5,041	
$60,339	

Notes
Reserve Fund Balance = $10,000*. Revenue Fund Balance = $50,339*.
Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $11,781.
* 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 9/30/20 =	May 2033

$935,000	May 1st & November 1st	

10/29/2020 5:29 PM	II