Valencia Acres Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
O & M Assessments	45,856	46,103	46,103	
Debt Assessments	101,283	101,480	101,480	
Interest Income	120	110	109	
				
TOTAL REVENUES	$	147,259	$	147,693	$	147,692	
				
EXPENDITURES				
Engineering/Inspections	1,000	0	0	
Management	15,000	15,000	15,000	
Legal	7,000	7,500	5,685	
Assessment Roll	4,000	4,000	4,000	
Audit Fees	3,500	3,500	3,500	
Insurance	6,200	5,706	5,706	
Legal Advertisements	650	750	570	
Miscellaneous	450	350	19	
Postage	175	120	104	
Office Supplies	375	150	116	
Dues & Subscriptions	175	175	175	
Trustee Fee	2,600	2,500	2,500	
Continuing Disclosure Fee	350	3,500	350	
Website Management	1,750	1,750	1,750	
TOTAL EXPENDITURES	$	43,225	$	45,001	$	39,475	
				
REVENUES LESS EXPENDITURES	$	104,034	$	102,692	$	108,217	
				
Bond Payments	(95,206)	(96,786)	(96,786)	
				
BALANCE	$	8,828	$	5,906	$	11,431	
				
County Appraiser & Tax Collector Fee	(2,943)	(1,422)	(1,422)	
Discounts For Early Payments	(5,885)	(5,396)	(5,396)	
				
EXCESS/ (SHORTFALL)	$	-	$	(912)	$	4,613	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(912)	$	4,613	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$85,396	
($912)	
$84,484	

VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Interest Income	25	140	135	
NAV Tax Collection	95,206	96,786	96,786	
Total Revenues	$	95,231	$	96,926	$	96,921	
				
EXPENDITURES				
Principal Payments	61,217	61,217	61,217	
Interest Payments	34,014	35,093	35,093	
Total Expenditures	$	95,231	$	96,310	$	96,310	
				
Excess/ (Shortfall)	$	-	$	616	$	611	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$29,319	
$616	
$29,935	

Notes
Revenue Fund Balance = $29,935*.
Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $16,604.
* 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 9/30/22 =	$928,177