Hypoluxo/Haverhill Community Development District

Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
HYPOLUXO/HAVERHILL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2024/2025 BUDGET	
O & M Assessments	82,598	
Debt Assessments	99,827	
Other Revenues	0	
Interest Income	480	
		
TOTAL REVENUES	$	182,905	
		
EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	400	
Engineering	2,500	
Management	28,572	
Secretarial	4,200	
Legal	8,000	
Assessment Roll	5,000	
Audit Fees	3,800	
Insurance	7,200	
Legal Advertisements	1,000	
Miscellaneous	650	
Postage	225	
Office Supplies	350	
Dues & Subscriptions	175	
Trustee Fee	3,200	
Website Management	2,000	
Lake Maintenance	10,000	
		
TOTAL EXPENDITURES	$	82,272	
		
REVENUES LESS EXPENDITURES	$	100,633	
		
Bond Payments	(93,837)	
		
BALANCE	$	6,796	
		
County Appraiser & Tax Collector Fee	(3,649)	
Discounts For Early Payments	(7,297)	
		
EXCESS/ (SHORTFALL)	$	(4,150)	
		
Carryover From Prior Year	4,150	
		
NET EXCESS/ (SHORTFALL)	$	-	

Note: Estimated Fund Balance As Of 9-30-24 is $40,000.

5/3/2024 8:12 AM	I

DETAILED FINAL BUDGET
HYPOLUXO/HAVERHILL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	
FISCAL YEAR 2022/2023 ACTUAL	
FISCAL YEAR 2023/2024 BUDGET	
FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	
O & M Assessments	82,762	82,610	82,598	Expenditures Less Interest & Carryover/.94	
Debt Assessments	99,862	99,827	99,827	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	1,660	240	480	Projected At $40 Per Month	
					
TOTAL REVENUES	$	184,284	$	182,677	$	182,905		
					
EXPENDITURES					
Supervisor Fees	2,400	5,000	5,000	No Change From 2023/2024 Budget	
Payroll Taxes (Employer)	184	400	400	Projected At 8% Of Supervisor Fees	
Engineering	2,375	2,500	2,500	No Change From 2023/2024 Budget	
Management	26,940	27,744	28,572	CPI Adjustment (Capped At 3%)	
Secretarial	4,200	4,200	4,200	No Change From 2023/2024 Budget	
Legal	7,588	8,000	8,000	No Change From 2023/2024 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	3,600	3,700	3,800	$100 Increase From 2023/2024 Budget	
Insurance	6,134	6,600	7,200	Fiscal Year 2023/2024 Expediture Was $6,594	
Legal Advertisements	660	1,000	1,000	No Change From 2023/2024 Budget	
Miscellaneous	208	700	650	$50 Decrease From 2023/2024 Budget	
Postage	84	225	225	No Change From 2023/2024 Budget	
Office Supplies	265	350	350	No Change From 2023/2024 Budget	
Dues & Subscriptions	175	175	175	No Change From 2023/2024 Budget	
Trustee Fee	3,180	3,300	3,200	$100 Decrease From 2023/2024 Budget	
Website Management	2,000	2,000	2,000	No Change From 2023/2024 Budget	
Lake Maintenance	6,321	10,000	10,000	No Change From 2023/2024 Budget	
					
TOTAL EXPENDITURES	$	71,314	$	80,894	$	82,272		
					
REVENUES LESS EXPENDITURES	$	112,970	$	101,783	$	100,633		
					
Bond Payments	(95,097)	(93,837)	(93,837)	2025 Principal & Interest Payments	
					
BALANCE	$	17,873	$	7,946	$	6,796		
					
County Appraiser & Tax Collector Fee	(1,401)	(3,649)	(3,649)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(6,963)	(7,297)	(7,297)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	9,509	$	(3,000)	$	(4,150)		
					
Carryover From Prior Year	0	3,000	4,150	Carryover Balance From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	9,509	$	-	$	-		

Note: Estimated Fund Balance As Of 9-30-24 is $40,000.
5/3/2024 8:12 AM	II

DETAILED FINAL DEBT SERVICE FUND BUDGET
HYPOLUXO/HAVERHILL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023 ACTUAL	FISCAL YEAR 2023/2024 BUDGET	FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	

Interest Income	
2,418	
100	
400	
Projected Interest For 2024/2025	

NAV Tax Collection	
95,097	
93,837	
93,837	
Yearly Maximum Debt Assessment	

Total Revenues	
$	97,515	
$	93,937	
$	94,237		

EXPENDITURES					

Principal Payments	
70,000	
70,000	
75,000	
Principal Payment Due In 2025	

Interest Payments	
20,034	
17,388	
15,561	
Interest Payments Due In 2025	

Bond Redemption	
0	
6,549	
3,676	
Estimated Excess Debt Collections	

Total Expenditures	
$	90,034	
$	93,937	
$	94,237		

Excess/Shortfall	
$	7,481	
$	-	
$	-		

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 1/1/24 =	May 2033

$725,000			

5/3/2024 8:12 AM	III

Hypoluxo/Haverhill Community Development District Assessment Comparison

O & M

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2020/2021	2021/2022	2022/2023	2023/2024	2024/2025	
	Assessment*			Assessment*			Assessment* 	  Assessment*			Projected Assessment*		

$	251.91	$

301.64	$

301.57	$

301.50	$

301.46

Debt

$	364.33

$	364.33

 $	364.33

 $	364.33

$	364.33

Total

$	616.24	$

665.97	$

665.90	$

665.83	$

665.79

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

5/3/2024 8:12 AM	IV