Wyndam Park Community Development District

Proposed Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
WYNDAM PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2019/2020 BUDGET	
O & M Assessments	68,475	
Debt Assessments	183,863	
Other Revenues	0	
Interest Income	180	
		
TOTAL REVENUES	$	252,518	
		
EXPENDITURES		
Supervisor Fees	4,000	
Payroll Taxes (Employer)	320	
Engineering/Inspections	2,000	
Management	25,464	
Legal	7,000	
Assessment Roll	6,000	
Audit Fees	3,300	
Insurance	6,356	
Legal Advertisements	1,250	
Miscellaneous	700	
Postage	225	
Office Supplies	400	
Dues & Subscriptions	175	
Trustee Fee	3,600	
Continuing Disclosure Fee	350	
Website Management	200	
Reserve	3,456	
		
TOTAL EXPENDITURES	$	64,796	
		
REVENUES LESS EXPENDITURES	$	187,722	
		
Bond Payments	(172,581)	
		
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 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2017/2018
ACTUAL	
FISCAL YEAR 2018/2019
BUDGET	
FISCAL YEAR 2019/2020
BUDGET	

COMMENTS	
O & M Assessments	67,973	70,732	68,475	Expenditures Less Interest & Carryover/.94	
Debt Assessments	183,798	181,606	183,863	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	255	120	180	Interest Projected At $15 Per Month	
					
TOTAL REVENUES	$	252,026	$	252,458	$	252,518		
					
EXPENDITURES					
Supervisor Fees	2,000	4,000	4,000	No Change From 2018/2019 Budget	
Payroll Taxes (Employer)	153	320	320	Projected At 8% Of Supervisor Fees	
Engineering/Inspections	3,059	2,000	2,000	No Change From 2018/2019 Budget	
Management	25,000	25,000	25,464	CPI Adjustment	
Legal	5,950	7,000	7,000	No Change From 2018/2019 Budget	
Assessment Roll	6,000	6,000	6,000	As Per Contract	
Audit Fees	3,400	3,500	3,300	Accepted Amount For 2019 Audit	
Insurance	5,778	6,356	6,356	Insurance Estimate	
Legal Advertisements	932	1,300	1,250	$50 Decrease From 2018/2019 Budget	
Miscellaneous	199	700	700	No Change From 2018/2019 Budget	
Postage	106	225	225	No Change From 2018/2019 Budget	
Office Supplies	189	425	400	$25 Decrease From 2018/2019 Budget	
Dues & Subscriptions	175	175	175	No Change From 2018/2019 Budget	
Trustee Fee	3,225	3,600	3,600	No Change From 2018/2019 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2018/2019 Budget	
Website Management	0	0	200	For ADA Compliance	
Reserve	0	5,656	3,456	Reserve	
					
TOTAL EXPENDITURES	$	56,516	$	66,607	$	64,796		
					
REVENUES LESS EXPENDITURES	$	195,510	$	185,851	$	187,722		
					
Bond Payments	(175,117)	(170,710)	(172,581)	2020 P & I Payments Less Earned Interest	
					
BALANCE	$	20,393	$	15,141	$	15,141		
					
County Appraiser & Tax Collector Fee	(1,520)	(5,047)	(5,047)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(9,499)	(10,094)	(10,094)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	9,374	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover Balance From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	9,374	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
WYNDAM PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2017/2018 ACTUAL	FISCAL YEAR 2018/2019 BUDGET	FISCAL YEAR 2019/2020 BUDGET	

COMMENTS	

Interest Income	
1,812	
50	
250	
Projected Interest For FY 2019/2020	

NAV Tax Collection	
175,117	
170,710	
172,581	
2020 P & I Payments Less Earned Interest	

Total Revenues	
$	176,929	
$	170,760	
$	172,831		

EXPENDITURES					

Principal Payments	
95,000	
95,000	
100,000	
Principal Payment Due In 2020	

Interest Payments	
79,263	
75,760	
72,831	
Interest Payments Due In 2020	

Total Expenditures	
$	174,263	
$	170,760	
$	172,831		

Excess/ (Shortfall)	
$	2,666	
$	-	
$	-		

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 1/1/19 =	May 2034
$2,010,000			

Wyndam Park Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2016/2017	2017/2018	2018/2019	2019/2020	
 	Assessment		   Assessment 	   Assessment 	   Assessment 	 	Projected Assessment		

O & M	
$	
171.58	
$	
219.04	
$	
199.75	
$	
207.43	
$	
200.81	
Debt	$	659.90	$	530.96	$	540.25	$	532.57	$	539.19	
Total	$	831.48	$	750.00	$	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.

2/22/2019 3:05 PM	IV