Valencia Acres Community Development District

Amended Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2022/2023 BUDGET 10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
O & M Assessments	45,856	46,140	46,140	
Debt Assessments	101,283	101,497	101,497	
Interest Income	120	3,600	3,563	
				
TOTAL REVENUES	$	147,259	$	151,237	$	151,200	
				
EXPENDITURES				
Engineering/Inspections	1,000	0	0	
Management	15,000	15,000	15,000	
Legal	7,000	6,000	4,785	
Assessment Roll	4,000	4,000	4,000	
Audit Fees	3,600	3,600	3,600	
Insurance	6,200	6,134	6,134	
Legal Advertisements	650	900	654	
Miscellaneous	425	425	53	
Postage	175	150	138	
Office Supplies	350	100	68	
Dues & Subscriptions	175	175	175	
Trustee Fee	2,550	2,500	2,500	
Continuing Disclosure Fee	350	350	350	
Website Management	1,750	1,750	1,750	
TOTAL EXPENDITURES	$	43,225	$	41,084	$	39,207	
				
REVENUES LESS EXPENDITURES	$	104,034	$	110,153	$	111,993	
				
Bond Payments	(95,206)	(96,733)	(96,733)	
				
BALANCE	$	8,828	$	13,420	$	15,260	
				
County Appraiser & Tax Collector Fee	(2,943)	(1,420)	(1,420)	
Discounts For Early Payments	(5,885)	(5,499)	(5,499)	
				
EXCESS/ (SHORTFALL)	$	0	$	6,501	$	8,342	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	0	$	6,501	$	8,342	

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

$89,692	
$6,501	
$96,193	

VALENCIA ACRES COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2022/2023 BUDGET
10/1/22 - 9/30/23	AMENDED FINAL BUDGET
10/1/22 - 9/30/23	YEAR TO DATE ACTUAL
10/1/22 - 9/29/23	
Interest Income	5	1,745	1,715	
NAV Tax Collection	95,187	96,733	96,733	
Total Revenues	$	95,192	$	98,478	$	98,448	
				
EXPENDITURES				
Principal Payments	63,389	63,389	63,389	
Interest Payments	31,803	33,074	33,074	
Total Expenditures	$	95,192	$	96,463	$	96,463	
				
Excess/ (Shortfall)	$	-	$	2,015	$	1,985	

FUND BALANCE AS OF 9/30/22	
FY 2022/2023 ACTIVITY	
FUND BALANCE AS OF 9/30/23	

$29,982	
$2,015	
$31,997	

Notes
Revenue Fund Balance = $31,997*.
Revenue Fund Balance To Be Used To Make 11/1/2023 Interest Payment Of $15,470.
* 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 9/30/23 =	$864,788