Valencia Acres 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

VALENCIA ACRES 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	45,996	46,319	46,319	
Debt Assessments	101,423	101,497	101,497	
Interest Income	120	100	99	
				
TOTAL REVENUES	$	147,539	$	147,916	$	147,915	
				
EXPENDITURES				
Engineering/Inspections	1,000	0	0	
Management	15,000	15,000	15,000	
Legal	7,000	7,000	5,135	
Assessment Roll	4,000	4,000	4,000	
Audit Fees	3,300	3,300	3,300	
Insurance	6,356	5,251	5,251	
Legal Advertisements	650	750	465	
Miscellaneous	500	500	89	
Postage	175	60	56	
Office Supplies	400	120	107	
Dues & Subscriptions	175	175	175	
Trustee Fee	2,700	2,500	2,500	
Continuing Disclosure Fee	350	350	350	
Website Management	1,750	1,750	1,750	
TOTAL EXPENDITURES	$	43,356	$	40,756	$	38,178	
				
REVENUES LESS EXPENDITURES	$	104,183	$	107,160	$	109,737	
				
Bond Payments	(95,338)	(96,887)	(96,887)	
				
BALANCE	$	8,845	$	10,273	$	12,850	
				
County Appraiser & Tax Collector Fee	(2,948)	(1,424)	(1,424)	
Discounts For Early Payments	(5,897)	(5,278)	(5,278)	
				
EXCESS/ (SHORTFALL)	$	-	$	3,571	$	6,148	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	3,571	$	6,148	

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

$75,406	
$3,571	
$78,977	

VALENCIA ACRES 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	25	256	255	
NAV Tax Collection	95,388	96,887	96,887	
Total Revenues	$	95,413	$	97,143	$	97,142	
				
EXPENDITURES				
Principal Payments	57,093	57,093	57,093	
Interest Payments	38,320	39,336	39,336	
				
Total Expenditures	$	95,413	$	96,429	$	96,429	
				
Excess/ (Shortfall)	$	-	$	714	$	713	

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

$28,184	
$714	
$28,898	

Notes
Revenue Fund Balance = $28,898*.
Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $18,757.
* 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 9/30/20 =	$1,048,512