Wyndam Park Community Development District

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

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
WYNDAM PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	
FISCAL YEAR 2021/2022 BUDGET	
O & M Assessments	70,187	
Debt Assessments	182,151	
Other Revenues	0	
Interest Income	180	
		
TOTAL REVENUES	$	252,518	
		
EXPENDITURES		
Supervisor Fees	4,000	
Payroll Taxes (Employer)	320	
Engineering/Inspections	2,000	
Management	26,400	
Legal	7,000	
Assessment Roll	6,000	
Audit Fees	3,500	
Insurance	6,000	
Legal Advertisements	1,500	
Miscellaneous	650	
Postage	175	
Office Supplies	350	
Dues & Subscriptions	175	
Trustee Fee	3,600	
Continuing Disclosure Fee	350	
Website Management	200	
Reserve	3,935	
		
TOTAL EXPENDITURES	$	66,155	
		
REVENUES LESS EXPENDITURES	$	186,363	
		
Bond Payments	(171,222)	
		
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 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	
FISCAL YEAR 2019/2020
ACTUAL	
FISCAL YEAR 2020/2021
BUDGET	
FISCAL YEAR 2021/2022
BUDGET	

COMMENTS	
O & M Assessments	68,555	72,131	70,187	Expenditures Less Interest & Carryover/.94	
Debt Assessments	183,941	180,207	182,151	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	164	180	180	Interest Projected At $15 Per Month	
					
TOTAL REVENUES	$	252,660	$	252,518	$	252,518		
					
EXPENDITURES					
Supervisor Fees	2,000	4,000	4,000	No Change From 2020/2021 Budget	
Payroll Taxes (Employer)	153	320	320	Projected At 8% Of Supervisor Fees	
Engineering/Inspections	3,045	2,000	2,000	No Change From 2020/2021 Budget	
Management	25,464	26,040	26,400	CPI Adjustment	
Legal	6,045	7,000	7,000	No Change From 2020/2021 Budget	
Assessment Roll	6,000	6,000	6,000	As Per Contract	
Audit Fees	3,300	3,400	3,500	Accepted Amount For 2020/2021 Audit	
Insurance	5,251	6,000	6,000	Insurance Estimate	
Legal Advertisements	1,421	1,500	1,500	No Change From 2020/2021 Budget	
Miscellaneous	278	675	650	$25 Decrease From 2020/2021 Budget	
Postage	43	200	175	$25 Decrease From 2020/2021 Budget	
Office Supplies	155	375	350	$25 Decrease From 2020/2021 Budget	
Dues & Subscriptions	175	175	175	No Change From 2020/2021 Budget	
Trustee Fee	3,548	3,600	3,600	No Change From 2020/2021 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2020/2021 Budget	
Website Management	200	200	200	No Change From 2020/2021 Budget	
Reserve	0	6,148	3,935	Reserve	
					
TOTAL EXPENDITURES	$	57,428	$	67,983	$	66,155		
					
REVENUES LESS EXPENDITURES	$	195,232	$	184,535	$	186,363		
					
Bond Payments	(175,135)	(169,394)	(171,222)	2022 P & I Payments Less Earned Interest	
					
BALANCE	$	20,097	$	15,141	$	15,141		
					
County Appraiser & Tax Collector Fee	(1,449)	(5,047)	(5,047)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(9,696)	(10,094)	(10,094)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	8,952	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover Balance From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	8,952	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
WYNDAM PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2019/2020 ACTUAL	FISCAL YEAR 2020/2021 BUDGET	FISCAL YEAR 2021/2022 BUDGET	

COMMENTS	

Interest Income	
1,234	
250	
25	
Projected Interest For FY 2021/2022	

NAV Tax Collection	
175,135	
169,394	
171,222	
2022 P & I Payments Less Earned Interest	

Total Revenues	
$	176,369	
$	169,644	
$	171,247		

EXPENDITURES					

Principal Payments	
100,000	
100,000	
105,000	
Principal Payment Due In 2022	

Interest Payments	
74,394	
69,644	
66,247	
Interest Payments Due In 2022	

Total Expenditures	
$	174,394	
$	169,644	
$	171,247		

Excess/ (Shortfall)	
$	1,975	
$	-	
$	-		

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 1/1/21 =	May 2034
$1,815,000			

Wyndam Park Community Development District Assessment Comparison

Original Projected
 	Assessment		Fiscal Year 2018/2019
   Assessment 	Fiscal Year 2019/2020
   Assessment 	Fiscal Year 2020/2021
   Assessment 	Fiscal Year 2021/2022
 	Projected Assessment		

O & M	
$	
171.58	
$	
207.43	
$	
200.81	
$	
211.53	
$	
205.83	
Debt	$	659.90	$	532.57	$	539.19	$	528.47	$	534.17	
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.

2/17/2021 3:52 PM	IV