Wyndam Park Community Development District

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

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
WYNDAM PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2022/2023 BUDGET	
O & M Assessments	74,010	
Debt Assessments	178,328	
Other Revenues	0	
Interest Income	180	
		
TOTAL REVENUES	$	252,518	
		
EXPENDITURES		
Supervisor Fees	4,000	
Payroll Taxes (Employer)	320	
Engineering/Inspections	2,000	
Management	27,192	
Legal	7,000	
Assessment Roll	6,000	
Audit Fees	3,600	
Insurance	6,000	
Legal Advertisements	1,400	
Miscellaneous	650	
Postage	175	
Office Supplies	325	
Dues & Subscriptions	175	
Trustee Fee	3,600	
Continuing Disclosure Fee	350	
Website Management	200	
Reserve	6,762	
		
TOTAL EXPENDITURES	$	69,749	
		
REVENUES LESS EXPENDITURES	$	182,769	
		
Bond Payments	(167,628)	
		
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 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2020/2021
ACTUAL	
FISCAL YEAR 2021/2022
BUDGET	
FISCAL YEAR 2022/2023
BUDGET	

COMMENTS	
O & M Assessments	72,170	70,187	74,010	Expenditures Less Interest & Carryover/.94	
Debt Assessments	180,268	182,151	178,328	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	177	180	180	Interest Projected At $15 Per Month	
					
TOTAL REVENUES	$	252,615	$	252,518	$	252,518		
					
EXPENDITURES					
Supervisor Fees	2,800	4,000	4,000	No Change From 2021/2022 Budget	
Payroll Taxes (Employer)	214	320	320	Projected At 8% Of Supervisor Fees	
Engineering/Inspections	1,515	2,000	2,000	No Change From 2021/2022 Budget	
Management	26,040	26,400	27,192	CPI Adjustment (Capped At 3%)	
Legal	5,975	7,000	7,000	No Change From 2021/2022 Budget	
Assessment Roll	6,000	6,000	6,000	As Per Contract	
Audit Fees	3,400	3,500	3,600	Accepted Amount For 2021/2022 Audit	
Insurance	5,513	6,000	6,000	Insurance Estimate	
Legal Advertisements	781	1,500	1,400	$100 Decrease From 2021/2022 Budget	
Miscellaneous	298	650	650	No Change From 2021/2022 Budget	
Postage	51	175	175	No Change From 2021/2022 Budget	
Office Supplies	166	350	325	$25 Decrease From 2021/2022 Budget	
Dues & Subscriptions	175	175	175	No Change From 2021/2022 Budget	
Trustee Fee	3,547	3,600	3,600	No Change From 2021/2022 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2021/2022 Budget	
Website Management	200	200	200	No Change From 2021/2022 Budget	
Reserve	0	3,935	6,762	Reserve	
					
TOTAL EXPENDITURES	$	57,025	$	66,155	$	69,749		
					
REVENUES LESS EXPENDITURES	$	195,590	$	186,363	$	182,769		
					
Bond Payments	(171,616)	(171,222)	(167,628)	2023 P & I Payments Less Earned Interest	
					
BALANCE	$	23,974	$	15,141	$	15,141		
					
County Appraiser & Tax Collector Fee	(1,711)	(5,047)	(5,047)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(9,705)	(10,094)	(10,094)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	12,558	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover Balance From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	12,558	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
WYNDAM PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2020/2021 ACTUAL	FISCAL YEAR 2021/2022 BUDGET	FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	

Interest Income	
10	
25	
10	
Projected Interest For FY 2022/2023	

NAV Tax Collection	
171,616	
171,222	
167,628	
2023 P & I Payments Less Earned Interest	

Total Revenues	
$	171,626	
$	171,247	
$	167,638		

EXPENDITURES					

Principal Payments	
100,000	
105,000	
105,000	
Principal Payment Due In 2023	

Interest Payments	
71,269	
66,247	
62,638	
Interest Payments Due In 2023	

Total Expenditures	
$	171,269	
$	171,247	
$	167,638		

Excess/ (Shortfall)	
$	357	
$	-	
$	-		

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 1/1/22 =	May 2034
$1,715,000			

Wyndam Park Community Development District Assessment Comparison

Original Projected
	Assessment		Fiscal Year 2019/2020
  Assessment 	Fiscal Year 2020/2021
  Assessment 	Fiscal Year 2021/2022
  Assessment 	Fiscal Year 2022/2023
	Projected Assessment		

O & M	
$	
171.58	
$	
200.81	
$	
211.53	
$	
205.83	
$	
217.04	
Debt	$	659.90	$	539.19	$	528.47	$	534.17	$	522.96	
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.

3/23/2022 9:02 AM	IV