Wyndam Park Community Development District

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

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
WYNDAM PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2020/2021 BUDGET	
O & M Assessments	72,131	
Debt Assessments	180,207	
Other Revenues	0	
Interest Income	180	
		
TOTAL REVENUES	$	252,518	
		
EXPENDITURES		
Supervisor Fees	4,000	
Payroll Taxes (Employer)	320	
Engineering/Inspections	2,000	
Management	26,040	
Legal	7,000	
Assessment Roll	6,000	
Audit Fees	3,400	
Insurance	6,000	
Legal Advertisements	1,500	
Miscellaneous	675	
Postage	200	
Office Supplies	375	
Dues & Subscriptions	175	
Trustee Fee	3,600	
Continuing Disclosure Fee	350	
Website Management	200	
Reserve	6,148	
		
TOTAL EXPENDITURES	$	67,983	
		
REVENUES LESS EXPENDITURES	$	184,535	
		
Bond Payments	(169,394)	
		
BALANCE	$	15,141	
		
County Appraiser & Tax Collector Fee	(5,047)	
Discounts For Early Payments	(10,094)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
WYNDAM PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	
FISCAL YEAR 2018/2019
ACTUAL	
FISCAL YEAR 2019/2020
BUDGET	
FISCAL YEAR 2020/2021
BUDGET	

COMMENTS	
O & M Assessments	71,044	68,475	72,131	Expenditures Less Interest & Carryover/.94	
Debt Assessments	182,307	183,863	180,207	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	305	180	180	Interest Projected At $15 Per Month	
					
TOTAL REVENUES	$	253,656	$	252,518	$	252,518		
					
EXPENDITURES					
Supervisor Fees	2,800	4,000	4,000	No Change From 2019/2020 Budget	
Payroll Taxes (Employer)	214	320	320	Projected At 8% Of Supervisor Fees	
Engineering/Inspections	1,519	2,000	2,000	No Change From 2019/2020 Budget	
Management	25,000	25,464	26,040	CPI Adjustment	
Legal	5,670	7,000	7,000	No Change From 2019/2020 Budget	
Assessment Roll	6,000	6,000	6,000	As Per Contract	
Audit Fees	3,200	3,300	3,400	Accepted Amount For 2019/2020 Audit	
Insurance	5,000	6,356	6,000	Insurance Estimate	
Legal Advertisements	1,503	1,250	1,500	$250 Increase From 2019/2020 Budget	
Miscellaneous	441	700	675	$25 Decrease From 2019/2020 Budget	
Postage	53	225	200	$25 Decrease From 2019/2020 Budget	
Office Supplies	282	400	375	$25 Decrease From 2019/2020 Budget	
Dues & Subscriptions	175	175	175	No Change From 2019/2020 Budget	
Trustee Fee	3,548	3,600	3,600	No Change From 2019/2020 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2019/2020 Budget	
Website Management	0	200	200	No Change From 2019/2020 Budget	
Reserve	0	3,456	6,148	Reserve	
					
TOTAL EXPENDITURES	$	55,755	$	64,796	$	67,983		
					
REVENUES LESS EXPENDITURES	$	197,901	$	187,722	$	184,535		
					
Bond Payments	(173,666)	(172,581)	(169,394)	2021 P & I Payments Less Earned Interest	
					
BALANCE	$	24,235	$	15,141	$	15,141		
					
County Appraiser & Tax Collector Fee	(1,425)	(5,047)	(5,047)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(9,621)	(10,094)	(10,094)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	13,189	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover Balance From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	13,189	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
WYNDAM PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2020/2021
OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2018/2019 ACTUAL	FISCAL YEAR 2019/2020 BUDGET	FISCAL YEAR 2020/2021 BUDGET	

COMMENTS	

Interest Income	
3,269	
250	
250	
Projected Interest For FY 2020/2021	

NAV Tax Collection	
173,666	
172,581	
169,394	
2021 P & I Payments Less Earned Interest	

Total Revenues	
$	176,935	
$	172,831	
$	169,644		

EXPENDITURES					

Principal Payments	
95,000	
100,000	
100,000	
Principal Payment Due In 2021	

Interest Payments	
77,125	
72,831	
69,644	
Interest Payments Due In 2021	

Total Expenditures	
$	172,125	
$	172,831	
$	169,644		

Excess/ (Shortfall)	
$	4,810	
$	-	
$	-		

Series 2013 Bond Refunding Information
Original Par Amount =	$2,455,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	1.25% - 4.125%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	April 2013			
Maturity Date =
Par Amount As Of 1/1/20 =	May 2034
$1,915,000			

Wyndam Park Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2017/2018	2018/2019	2019/2020	2020/2021	
 	Assessment		   Assessment 	   Assessment 	   Assessment 	 	Projected Assessment		

O & M	
$	
171.58	
$	
199.75	
$	
207.43	
$	
200.81	
$	
211.53	
Debt	$	659.90	$	540.25	$	532.57	$	539.19	$	528.47	
Total	$	831.48	$	740.00	$	740.00	$	740.00	$	740.00	

Adjusted for 1% County Tax Collector Fee, a 1% County Property Appraiser Fee and a 4% discount for early payment of taxes.

Notes: There are 341 units in the Wyndam Park Community Development District.

2/20/2020 9:36 AM	IV