Valencia Acres Community Development District

Amended Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET 10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
O & M Assessments	45,856	46,036	46,036	
Debt Assessments	101,323	101,497	101,497	
Interest Income	120	110	105	
				
TOTAL REVENUES	$	147,299	$	147,643	$	147,638	
				
EXPENDITURES				
Engineering/Inspections	1,000	0	0	
Management	15,000	15,000	15,000	
Legal	7,000	7,000	5,650	
Assessment Roll	4,000	4,000	4,000	
Audit Fees	3,400	3,400	3,400	
Insurance	6,200	5,513	5,513	
Legal Advertisements	650	750	544	
Miscellaneous	475	475	10	
Postage	175	70	61	
Office Supplies	400	80	54	
Dues & Subscriptions	175	175	175	
Trustee Fee	2,650	2,500	2,500	
Continuing Disclosure Fee	350	350	350	
Website Management	1,750	1,750	1,750	
TOTAL EXPENDITURES	$	43,225	$	41,063	$	39,007	
				
REVENUES LESS EXPENDITURES	$	104,074	$	106,580	$	108,631	
				
Bond Payments	(95,244)	(96,838)	(96,838)	
				
BALANCE	$	8,830	$	9,742	$	11,793	
				
County Appraiser & Tax Collector Fee	(2,943)	(1,421)	(1,421)	
Discounts For Early Payments	(5,887)	(5,345)	(5,345)	
				
EXCESS/ (SHORTFALL)	$	-	$	2,976	$	5,027	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	2,976	$	5,027	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$80,762	
$2,976	
$83,738	

VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income	25	3	3	
NAV Tax Collection	95,244	96,838	96,838	
Total Revenues	$	95,269	$	96,841	$	96,841	
				
EXPENDITURES				
Principal Payments	59,119	59,119	59,119	
Interest Payments	36,150	37,302	37,302	
				
Total Expenditures	$	95,269	$	96,421	$	96,421	
				
Excess/ (Shortfall)	$	-	$	420	$	420	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$28,898	
$420	
$29,318	

Notes
Revenue Fund Balance = $29,318*.
Revenue Fund Balance To Be Used To Make 11/1/2021 Interest Payment Of $17,699.
* 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 9/30/21 =	$989,394