Hypoluxo/Haverhill Community Development District

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

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
HYPOLUXO/HAVERHILL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	

FISCAL YEAR 2022/2023
BUDGET	
O & M Assessments	82,627	
Debt Assessments	99,827	
Other Revenues	0	
Interest Income	120	
		
TOTAL REVENUES	$	182,574	
		
EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	400	
Engineering	2,500	
Management	26,940	
Secretarial	4,200	
Legal	7,000	
Assessment Roll	5,000	
Audit Fees	3,600	
Insurance	6,000	
Legal Advertisements	1,000	
Miscellaneous	700	
Postage	225	
Office Supplies	350	
Dues & Subscriptions	175	
Trustee Fee	3,400	
Website Management	2,000	
Lake Maintenance	10,000	
TOTAL EXPENDITURES	$	78,490	
		
REVENUES LESS EXPENDITURES	$	104,084	
		
Bond Payments	(93,837)	
		
BALANCE	$	10,247	
		
County Appraiser & Tax Collector Fee	(3,649)	
Discounts For Early Payments	(7,298)	
		
EXCESS/ (SHORTFALL)	$	(700)	
		
Carryover From Prior Year	700	
		
NET EXCESS/ (SHORTFALL)	$	-	

Note: Estimated Fund Balance As Of 9-30-22 is $30,000.

DETAILED FINAL BUDGET
HYPOLUXO/HAVERHILL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2020/2021 ACTUAL	
FISCAL YEAR 2021/2022 BUDGET	
FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	
O & M Assessments	69,064	82,649	82,627	Expenditures Less Interest & Carryover/.94	
Debt Assessments	99,870	99,827	99,827	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	162	120	120	Projected At $10 Per Month	
					
TOTAL REVENUES	$	169,096	$	182,596	$	182,574		
					
EXPENDITURES					
Supervisor Fees	3,400	5,000	5,000	No Change From 2021/2022 Budget	
Payroll Taxes (Employer)	260	400	400	Projected At 8% Of Supervisor Fees	
Engineering	9,887	2,500	2,500	No Change From 2021/2022 Budget	
Management	25,800	26,160	26,940	CPI Adjustment (Capped At 3%)	
Secretarial	4,200	4,200	4,200	No Change From 2021/2022 Budget	
Legal	7,844	7,000	7,000	No Change From 2021/2022 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	3,400	3,500	3,600	Accepted Amount For 2021/2022 Audit	
Insurance	5,513	6,000	6,000	Insurance Estimate	
Legal Advertisements	767	1,100	1,000	$100 Decrease From 2021/2022 Budget	
Miscellaneous	382	700	700	No Change From 2021/2022 Budget	
Postage	216	225	225	No Change From 2021/2022 Budget	
Office Supplies	289	350	350	No Change From 2021/2022 Budget	
Dues & Subscriptions	175	175	175	No Change From 2021/2022 Budget	
Trustee Fee	3,180	3,500	3,400	$100 Decrease From 2021/2022 Budget	
Website Management	2,000	2,000	2,000	No Change From 2021/2022 Budget	
Lake Maintenance	7,916	10,000	10,000	No Change From 2021/2022 Budget	
TOTAL EXPENDITURES	$	80,229	$	77,810	$	78,490		

REVENUES LESS EXPENDITURES	$	88,867	$	104,786	$	104,084		
					
Bond Payments	(95,059)	(93,837)	(93,837)	2023 P & I Payments Less Earned Interest	
					
BALANCE	$	(6,192)	$	10,949	$	10,247		

County Appraiser & Tax Collector Fee	(1,335)	(3,650)	(3,649)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(6,522)	(7,299)	(7,298)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(14,049)	$	-	$	(700)		
					
Carryover From Prior Year	0	0	700	Carryover Balance From Prior Years	

NET EXCESS/ (SHORTFALL)	
$	(14,049)	
$	-	
$	-		

Note: Estimated Fund Balance As Of 9-30-22 is $30,000.

DETAILED FINAL DEBT SERVICE FUND BUDGET
HYPOLUXO/HAVERHILL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2020/2021 ACTUAL	FISCAL YEAR 2021/2022 BUDGET	FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	

Interest Income	
3	
25	
25	
Projected Interest For 2022/2023	

NAV Tax Collection	
95,059	
93,837	
93,837	
Yearly Maximum Debt Assessment	

Total Revenues	
$	95,062	
$	93,862	
$	93,862		

EXPENDITURES					

Principal Payments	
70,000	
70,000	
70,000	
Principal Payment Due In 2023	

Interest Payments	
23,562	
20,916	
19,152	
Interest Payments Due In 2023	

Bond Redemption	
0	
2,946	
4,710	
Estimated Excess Debt Collections	

Total Expenditures	
$	93,562	
$	93,862	
$	93,862		

Excess/Shortfall	
$	1,500	
$	-	
$	-		

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 1/1/22 =	May 2033

$865,000			

Hypoluxo/Haverhill Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2019/2020	2020/2021	2021/2022	2022/2023	
	Assessment*			Assessment*			Assessment* 		Assessment* 		Projected Assessment*		

O & M

$	188.30	$

252.03	$

251.91	$

301.64	$

301.57

Debt

$	457.71

$	364.33

$	364.33

$	364.33

$	364.33

Total

$	646.01	$

616.36	$

616.24	$

665.97	$

665.90

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

4/27/2022 1:44 PM	IV