Hypoluxo/Haverhill Community Development District

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

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET

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

.
Notes
Carryover From Prior Year Of $4,150 was used to reduce Fiscal Year 2024/2025 Assessments.

I

8/28/2025 8:32 AM

$15,878

$269

$16,147

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

O & M Assessments

82,598

82,782

82,782

Debt Assessments

99,827

99,881

99,881

Other Revenues

0

0

0

Interest Income

480

1,500

1,437

TOTAL REVENUES

$	182,905

$	184,163

$	184,100

EXPENDITURES

Supervisor Fees

5,000

3,200

2,200

Payroll Taxes - Employer

400

248

168

Engineering/Inspections

2,500

1,500

0

Management

28,572

28,572

26,191

Secretarial

4,200

4,200

3,850

Legal

8,000

8,000

5,480

Assessment Roll

5,000

5,000

0

Audit Fees

3,800

3,400

3,400

Insurance

7,200

6,858

6,858

Legal Advertisements

1,000

1,000

648

Miscellaneous

650

650

289

Postage

225

225

212

Office Supplies

350

350

296

Dues & Subscriptions

175

175

175

Trustee Fee

3,200

3,180

3,180

Website Management

2,000

2,000

1,834

Lake Maintenance (Tree Trimming)

10,000

11,000

8,928

TOTAL EXPENDITURES

$	82,272

$	79,558

$	63,709

REVENUES LESS EXPENDITURES

$	100,633

$	104,605

$	120,391

Bond Payments

(93,837)

(95,184)

(95,184)

BALANCE

$	6,796

$	9,421

$	25,207

County Appraiser & Tax Collector Fee

(3,649)

(2,313)

(2,313)

Discounts For Early Payments

(7,297)

(6,839)

(6,839)

EXCESS/ (SHORTFALL)

$	(4,150)

$	269

$	16,055

Carryover From Prior Year

4,150

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	269

$	16,055

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

Notes
Reserve Fund Balance = $10,000*. Revenue Fund Balance = $80,378*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $7,308.
* Approximate Amounts

Series 2017 Bond Refunding Information

Original Par Amount = Interest Rate =
Issue Date = Maturity Date =

$1,195,000 2.52% - 6.75%
January 2017
May 2033

Annual Principal Payments Due = May 1st
Annual Interest Payments Due = May 1st & November 1st

Par Amount As Of 9/30/25 =

$580,000

II

8/28/2025 8:32 AM

$84,193

$6,185

$90,378

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

Interest Income

400

4,000

3,706

NAV Tax Collection

93,837

93,691

93,691

Total Revenues

$	94,237

$	97,691

$	97,397

EXPENDITURES

Principal Payments

75,000

75,000

75,000

Interest Payments

15,561

16,506

16,506

Bond Redemption

3,676

0

0

Total Expenditures

$	94,237

$	91,506

$	91,506

Excess/ (Shortfall)

$	-

$	6,185

$	5,891