Valencia Acres Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
O & M Assessments	46,421	46,845	46,845	
Debt Assessments	101,399	101,399	101,399	
Interest Income	120	120	117	
				
TOTAL REVENUES	$	147,940	$	148,364	$	148,361	
				
EXPENDITURES				
Engineering/Inspections	1,000	0	0	
Management	15,000	15,000	15,000	
Legal	7,000	7,200	6,165	
Assessment Roll	4,000	4,000	4,000	
Audit Fees	3,850	3,200	3,200	
Insurance	6,356	5,000	5,000	
Legal Advertisements	650	800	503	
Miscellaneous	500	500	143	
Postage	175	100	94	
Office Supplies	400	325	260	
Dues & Subscriptions	175	175	175	
Trustee Fee	2,800	2,500	2,500	
Continuing Disclosure Fee	350	350	350	
Website Management	1,500	1,500	1,500	
TOTAL EXPENDITURES	$	43,756	$	40,650	$	38,890	
				
REVENUES LESS EXPENDITURES	$	104,184	$	107,714	$	109,471	
				
Bond Payments	(95,315)	(96,803)	(96,803)	
				
BALANCE	$	8,869	$	10,911	$	12,668	
				
County Appraiser & Tax Collector Fee	(2,956)	(1,429)	(1,429)	
Discounts For Early Payments	(5,913)	(5,273)	(5,273)	
				
EXCESS/ (SHORTFALL)	$	-	$	4,209	$	5,966	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	4,209	$	5,966	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$69,832	
$4,209	
$74,041	

VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	25	900	891	
NAV Tax Collection	95,315	96,803	96,803	
Total Revenues	$	95,340	$	97,703	$	97,694	
				
EXPENDITURES				
Principal Payments	55,136	55,136	55,136	
Interest Payments	40,204	41,200	41,200	
				
Total Expenditures	$	95,340	$	96,336	$	96,336	
				
Excess/ (Shortfall)	$	-	$	1,367	$	1,358	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$26,779	
$1,367	
$28,146	

Notes
Revenue Fund Balance = $28,146*.
Revenue Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $19,778.
* Approximate Amounts

Series 2016 Bond Refunding Information		
Original Par Amount =	$1,265,410	Annual Principal Payments Due:	
Interest Rate =	3.5% - 5.8%	May 1st	
Issue Date =	July 2016	Annual Interest Payments Due:	
Maturity Date =	May 2034	May 1st & November 1st	
Par Amount As Of 9/30/19 =	$1,105,617